Full text of Survey of Current Business : August 2000
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1 AUGUST 2 0 0 0 ^ VOLUME 80 NUMBER i 8 ! I 1 . SURVEY of CURRENT BUSINESS IN THIS ISSUE . . . Annual Revision oftheNIPA's, 1997:1-2000:1 U.S. DEPARTMENT OF COMMERCE < ^ ECONOMICS AND STATISTICS ADMINISTRATION BUREAU OF ECONOMIC ANALYSIS AUGUST 2OOO VOLUME 8 0 NUMBER 8 SURVEY of CURRENT BUSINESS The SURVEY OF CURRENT BUSINESS (ISSN 0039-6222) is published monthly by the Bureau of Economic Analysis of the U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief, SURVEY OF CURRENT BUSI- NESS, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Subscriptions to the SURVEY OF CURRENT BUSINESS are maintained, and their prices set, by the Government Printing Office, an agency of the U.S. Congress. Send address changes to Superintendent of Documents U.S. Government Printing Office Washington, DC 20402 To subscribe, call 202-512-1800. To inquire about your subscription, call 202512-1806. Subscription and single-copy prices: Periodicals: $48.00 domestic $60.00 foreign First-class mail: $120.00 Single copy: $ 17.25 domestic $21.56 foreign Make checks payable to the Superintendent of Documents. Periodicals postage paid at Washington, DC and at additional mailing offices (USPS 337-790). The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. U.S. Department of Commerce Norman Y. Minetta, Secretary MfT Economics and Statistics Administration Robert J. Shapiro, Under Secretary for Economic Affairs I _AN_DSTATISTICS j ADMINISTRATION'! Bureau of Economic Analysis J. Steven Landefeld, Director Rosemary D. Marcuss, Deputy Director Barbara M. Fraumeni, Chief Economist Hugh W. Knox, Associate Director for Regional Economics Ralph Kozlow, Associate Director for International Economics Brent R. Moulton, Associate Director for National Income, Expenditure, and Wealth Accounts Sumiye O. Okubo, Associate Director for Industry Accounts Douglas R. Fox, Editor-in-Chief W. Ronnie Foster, Graphic Designer M. Gretchen Gibson, Manuscript Editor Ernestine T. Gladden, Production Editor THIS ISSUE of the SURVEY went to the printer on August 16,2000. It incorporates data from the following monthly BEA news releases: U.S. International Trade in Goods and Services (July 19), Gross Domestic Product (July 28), and Personal Income and Outlays (August 1). August 2000 SURVEY OF CURRENT BUSINESS TABLE OF CONTENTS imperial in this issue 6 Annual Revision of the National Income and Product Accounts: Annual Estimates, 1997-99, and Quarterly Estimates, 1997:1-2000:1 The revised NIPA estimates do not significantly alter the picture of the U.S. economy that was shown in the previously published estimates. Over the period covered by the revisions, the average annual growth rate of real GDP was revised up slightly, from 4.5 percent to 4.6 percent, and the average annual rate of increase in the price index for gross domestic purchases was unrevised at 1.5 percent. The revised estimates reflect the incorporation of regular source data and the introduction of changes in the methodology for preparing the estimates; for example, the estimates of employer contributions to group health insurance are now based on data collected in the new medical expenditure panel survey. l\egularfeeatures 1 Business Situation Real GDP continued to increase strongly in the second quarter of 2000, up 5.2 percent after a 4.8-percent increase in the first quarter. In contrast, real final sales of domestic product slowed to a 4.2-percent increase from a 6.7-percent increase. The price index for gross domestic purchases slowed to a 2.2-percent increase from a 3.8-percent increase. 141 U.S. Affiliates of Foreign Companies: Operations in 1998 The current-dollar gross product of U.S. affiliates of foreign companies increased 7 percent in 1998, primarily reflecting record levels of new foreign investment. The U.S.-affiliate share of gross product originating in U.S. private industries edged up from 6.2 percent in 1997 to 6.3 percent in 1998. By country of ownership, the United Kingdom remained the largest investing country in 1998, and Germany overtook Japan as the second largest as a result of new acquisitions of U.S. companies. 159 State Personal Income, First Quarter 2000 Personal income in the Nation slowed to a 1.6-percent increase in the first quarter of 2000 from a 1.9-percent increase in the fourth quarter of 1999. In the first quarter, personal income grew the fastest in Vermont, North Carolina, Alaska, Georgia, and Florida. Personal income declined in North Dakota, Nebraska, Kansas, South Dakota, and Iowa. — Continued on the next page — ii SURVEY OF CURRENT BUSINESS lygports and statistical presentations 34 National Income and Product Accounts Tables 120 GDP and Other Major NIPA Series, 1929-2000:1 140 Errata: U.S. Travel and Tourism Satellite Accounts for 1996 and 1997 D-l BEA Current and Historical Data Inside back cover: Getting BEA's Estimates Back cover: Schedule of Upcoming BEA News Releases LOOKING AHEAD Gross State Product by Industry. On September 5,2000, BEA will release new estimates of gross state product for 1998 and revised estimates for 1977-97. An article that presents these estimates, which incorporate the most recent revision of the national estimates of gross product by industry, will be published in a forthcoming issue of the SURVEY. August 2000 SURVEY OF CURRENT BUSINESS August 2000 B U S I N E S S This article was prepared by Daniel Larkins and Ralph W. Morris. S I T U A T I O N C7~) EAL gross domestic product (GDP) increased J\s.2 percent in the second quarter of 2000, according to the "advance" estimates of the national income and product accounts (NIPA's), after increasing 4.8 percent (revised down from 5.5 percent) in the first quarter (table 1 and chart I).1 In contrast to the step-up in real GDP, growth of real final sales of domestic product slowed sharply, to 4.2 percent from 6.7 percent (revised down from 7.1 percent), largely reflecting a sharp slowdown in consumer spending. The revision to the first-quarter estimates resulted from the annual revision of the NIPA's; in general, the effect of the annual revision was small, 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 quarterly weights for all quarters; real estimates are expressed both as index numbers (1996 - 100) and as chained (1996) dollars. Price indexes (1996 = 100) are also calculated using a chain-type Fisher formula. 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 (1996) dollars Level 2000 Change from preceding quarter 1999 2000 9,308.8 122.6 178.3 107.7 117.0 5.7 8.3 4.8 5.2 1,104.2 1,520.3 19.4 58.6 10.2 16.9 10.3 10.7 6.3 12.0 7.3 17.0 Equals: Gross domestic purchases ... 9,695.8 147.1 187.4 129.5 152.2 6.6 8.4 5.6 6.5 9,629.0 121.3 147.6 169.5 129.1 5.5 6.6 7.5 5.6 6,259.6 889.4 1,860.9 3,523.6 5.0 8.0 4.9 4.5 7.8 5.9 13.0 7.4 3.8 7.2 9.5 9.7 9.5 .5 7.6 23.6 6.0 3.0 ^3.9 3.5 4.2 15.3 19.1 13.0 21.0 Less: Change in private inventories Nonfarm Farm Equals: Final sales to domestic purchasers Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic fixed investment . Nonresidential fixed investment Structures Equipment and software Residential investment Government consumption expenditures and gross investment Federal National defense Nondefense State and local Addendum: Final sales of domestic product 60.3 54.0 6.3 26.0 29.4 -3.9 16.4 40.8 ^14.3 29.5 12.9 —40.0 87.2 112.5 25.6 46.4 32.0 26.7 31.9 44.2 28.8 64.3 29.3 63.5 13.4 50.3 2.9 46.1 -8.8 16.1 36.4 62.7 60.9 8.5 53.8 3.6 1,588.2 17.9 559.1 8.9 355.3 10.1 203.6 -1.1 1,028.7 8.9 31.7 -4.4 17.1 -21.0 10.5 -19.4 6.6 -1.7 14.8 16.2 23.1 22.0 13.8 8.2 1.3 4.8 6.9 12.3 -2.2 3.7 96.9 138.7 147.5 94.1 4.5 9,242.1 lllllllllll II 10 REAL GROSS DOMESTIC PURCHASES 23.7 21.0 2.7 73.6 15.7 21.1 37.7 1,793.6 30.7 1,426.2 35.0 282.5 -4.1 1,154.2 41.6 375.0 -2.9 6.0 23.5 .5 REAL GROSS DOMESTIC PRODUCT 2000 Less: Exports of goods and services .... Plus: Imports of goods and services 25.8 35.7 Selected Measures: Change From Preceding Quarter 10 Gross domestic product 25.0 53.0 2. See "Annual Revision of the National Income and Product Accounts: Annual Estimates, 1997-99, and Quarterly Estimates, 1997:1-2000:1" in this issue. Percent Percent change from preceding quarter 1999 and the overall picture of the economy in recent years was not much changed.2 Real GDP growth in the second quarter was substantially above its 3.7-percent average rate for the current economic expansion (which began in the second quarter of 1991); growth had also been above average in the three preceding quarters. Nevertheless, GDP increased less than domestic demand (that is, gross domestic purchases) for the sixth consecutive quarter, as growth in imports (a component of domestic demand) continued to outpace growth in exports (a component of domestic output). The price index for gross domestic purchases slowed to a 2.2-percent increase in the second 11.8 -6.2 18.0 -3.1 5.2 16.4 21.0 22.3 20.6 3.2 8.5 -1.1 13.2 -14.2 12.6 -19.8 14.4 -3.3 6.1 6.6 6.4 6.7 iWlll GROSS DOMESTIC PURCHASES PRICE INDEX 3.9 6.0 17.5 17.2 17.8 4.2 -5 1997 1998 1999 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates usually are not additive. Chained (1996) dollar levels and residuals, which measure the extent of nonadditivity in each table, are shown in NIPA tables 1.2, 1.4, and 1.6. Percent changes are calculated Note-Percent change at annual rate from preceding quarter; from nnrniinH^vi riafa 11 fi riAnartmAnt nf dt Ppmpnt rhannpc in rnainr snnrpnsfpc sro Qhnwn in WIPA fahlo ^ 1 fQoo "Nah/irtal Iniv>mo sinH PmHiprf A^. RijroflH nf Pmnnmir Analvcic 2000 August SURVEY OF CURRENT BUSINESS 2000 quarter after increasing 3.8 percent. Real disposable personal income increased 3.4 percent after increasing 1.9 percent. The personal saving rate was unchanged at 0.2 percent. The largest contributors to the second-quarter increase in real GDP were private nonresidential fixed investment and personal consumption expenditures (PCE) (table 2). Nonresidential fixed investment increased 19.1 percent—double its average growth rate of 9.5 percent over the expansion—and contributed 2.4 percentage points to GDP growth; as in the first quarter, most of the increase was accounted for by purchases of equipment and software. PCE increased 3.0 percent in the second quarter and contributed 2.1 percentage points to the growth in GDP; expenditures for services accounted for most of the PCE growth. Government consumption expenditures and gross investment (government spending) and inventory investment both contributed about 1.0 percentage point to GDP growth. The increase in GDP was damped by an increase in imports that subtracted 2.3 percentage points from the GDP growth rate. The small step-up in GDP growth from the first quarter to the second was more than accounted for by upturns in inventory investment and in government spending. The effect of these upturns was partly offset by a sharp slowdown in PCE growth from 7.6 percent to 3.0 percent. The average rate of growth of PCE over the current expansion is 3.8 Second-Quarter 2000 Advance GDP Estimate: Source Data and Assumptions The "advance" GDP estimate for the second quarter is based on preliminary and incomplete source data; as more and better data become available, the estimate will be revised. The advance estimate is based on the following major source data. (The number of months for which data were available is shown in parentheses.) Personal consumption expenditures: Sales of retail stores (3) and unit auto and truck sales (3); Nonresidential fixed investment Unit auto and truck sales (3), construction put in place (2), manufacturers' shipments of machinery and equipment other than aircraft (3), shipments of civilian aircraft (2), and exports and imports of machinery and equipment (2); Residential investment Construction put in place (2) and single-family housing starts (3); Change in private 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: Federal outlays (3), State and local construction put in place (2), State and local employment (3), and the employment cost index for the quarter; GDP prices: Consumer price index (3), producer price index (3), U.S. import and export price indexes (3), and values and quantities of petroleum imports (2). BEA made assumptions for source data that were not available. Table A shows the assumptions for key series; a more comprehensive list is available from STAT-USA/ Internet, a service of the U.S. Department of Commerce, and from BEA's Web site at <www.bea.doc.gov>. Table A.—Summary of Major Data Assumptions for Advance Estimates, 2000:11 [Billions of dollars, seasonally adjusted at annual rates] 2000 January Fixed investment: Nonresidential structures: Buildings, utilities, and farm: Value of new nonresidential construction put in place Equipment and software: 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 private inventories, nonfarm: Change in inventories for manufacturing and trade (except nonmerchant wholesalers) for industries other than motor vehicles and equipment in trade Net exports:2 Exports of goods: U.S. exports of goods, balance-of-payments basis Excluding nonmonetary gold Imports of goods: U.S. imports of goods, balance-of-payments basis Excluding nonmonetary gold Net exports of goods (exports less imports) Excluding nonmonetary gold Government consumption expenditures and gross investment: State and local: Structures:. Value of new construction put in place 1. Assumed. 2. Nonmonetary gold is included in balance-of-payments-basis exports and imports but is not used directly intne estimation of NIPA exports and imports. February March April May June 1 202.5 215.5 218.0 218.3 225.9 232.0 35.8 28.2 16.7 41.3 51.1 37.9 236.8 28.5 240.7 28.0 241.0 29.6 239.5 29.1 238.4 28.3 238.5 28.3 43.6 79.5 26.2 52.8 78.4 36.8 723.9 715.1 730.7 719.6 750.2 741.2 750.8 747.5 743.6 741.1 764.4 759.4 1,132.5 1,124.4 -408.6 -409.2 1,146.4 1,135.8 -415.7 -416.2 1,195.9 1,186.0 ^45.8 -444.8 1,193.5 1,191.1 -442.7 -443.7 1,189.6 1,187.3 -446.0 -446.2 1,215.8 1,210.8 -451.4 -451.4 166.6 159.7 164.9 160.6 156.1 158.0 August 2000 SURVEY OF CURRENT BUSINESS increasing 0.3 percent in the first (table 3). The small downturn was accounted for by auto output; truck output increased more than in the first quarter. Final sales of motor vehicles to domestic purchasers decreased 15.6 percent after increasing 20.1 percent. Purchases of motor vehicles by consumers (PCE) and purchases by businesses (private fixed investment) decreased after increasing. Consumer purchases of motor vehicles turned down but remained at a high level. Factors frequently considered in analyses of consumer spending were generally favorable in the second quarter. The growth in real disposable personal income picked up to 3.4 percent from 1.9 percent, and the unemployment rate decreased to 4.0 percent from 4.1 percent. The Index of Consumer Sentiment (a measure prepared by the University of Michigan's Survey Research Center) remained at a high level. Factors specific to motor vehicle purchases were less favorable; for example, interest rates on newcar loans at commercial banks and prices of new motor vehicles increased. Both imports and exports of motor vehicles decreased in the second quarter after increasing in the first. Motor vehicle inventory investment increased after decreasing; the increase mainly reflected a swing in truck inventories from liquidation to accumulation. The inventory-sales ratio for new do- percent; prior to the second quarter, PCE had increased at above-average rates for nine consecutive quarters. Motor vehicles.—Real motor vehicle output decreased 1.5 percent in the second quarter after Table 2.—Contributions to Percent Change in Real Gross Domestic Product [Seasonally adjusted at annual rates] 2000 1999 Percent change at annual rate: Gross domestic product Percentage points at annual rates: Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods ....... Services Government consumption expenditures and gross investment Federal National defense Nondefense State and local 5.7 8.3 4.8 5.2 3.43 .64 .97 1.81 2.50 1.33 1.47 -.19 1.66 -.13 1.17 -1.08 1.05 1.13 -.08 -2.13 -1.99 -.13 4.08 1.04 1.47 1.58 3.04 1.26 1.22 .29 .94 .03 1.78 -.37 1.09 .94 .15 -1.45 -1.28 -.17 5.03 1.79 1.19 2.04 .92 2.68 2.54 .63 1.91 .14 -1.76 -.94 .67 .46 .21 -1.61 -1.28 -.33 2.08 -.32 .72 1.68 3.57 2.58 2.41 .40 2.01 .17 .99 -1.51 .78 .77 .01 -2.29 -1.94 -.35 .84 .41 .46 -.05 .43 1.50 .79 .48 .30 .71 -.18 -.93 -.86 -.07 .75 1.05 .98 .61 .37 .07 NOTE.—More detailed contributions to percent change in real gross domestic product are shown in NIPA table 8.2. Contributions to percent change in major components of real gross domestic product are shown in tables 8.3 through 8.6. Table 3.—Motor Vehicle Output, Sales, and Inventories [Seasonally adjusted at annual rates] Billions of chained (1996) dollars Level Percent change from preceding quarter Change from preceding quarter 1999 2000 1999 2000 2000 IV 357.9 123.3 234.0 10.3 -2.9 13.0 7.0 5.1 2.0 0.3 -.1 .4 -1.3 -7.8 6.3 12.7 -8.6 26.7 8.2 17.0 3.7 0.3 -.4 .7 -1.5 -21.7 11.4 25.9 16.4 9.5 -.7 -1.1 .4 .7 .7 .5 .2 .3 -.2 0 -.2 -10.1 -24.4 21.2 12.4 19.5 1.6 8.0 3.9 15.1 -2.6 -.2 -6.5 Plus: Imports 121.0 8.0 3.3 -1.3 32.3 1.7 11.7 -4.0 Autos .. Trucks . 103.0 18.1 7.9 .1 .1 .4 3.0 .3 1.4 -2.6 40.0 1.4 .5 8.1 12.7 7.0 5.8 -42.1 Equals: Gross domestic purchases Autos Trucks 453.6 210.7 242.7 19.2 6.6 12.6 6.7 4.4 2.4 3.2 2.8 .4 -2.4 -6.2 3.7 19.2 13.6 24.5 6.2 8.6 4.1 2.8 5.4 .7 -2.1 -10.9 6.3 Less: Change in private inventories . Autos Trucks 13.8 1.5 11.2 8.1 8.6 0 5.2 2.9 2.3 -16.4 -4.3 -11.2 15.8 1.1 13.4 Equals: Final sales to domestic purchasers Autos Trucks 439.4 209.3 230.1 10.9 -1.9 12.6 1.2 1.5 -.2 20.5 7.1 13.4 -19.1 -7.3 -11.8 10.6 -3.5 25.5 1.1 2.8 -.4 20.1 14.2 25.5 -15.6 -12.8 -18.1 Addenda:. Personal consumption expenditures Private fixed investment Gross government investment 266.6 160.1 12.8 -1.7 10.1 2.3 3.5 -3.6 1.3 17.4 4.4 -1.3 -11.7 -6.7 -.6 -2.6 28.7 114.7 5.6 -8.4 45.2 29.5 11.4 -31.6 -15.8 -15.2 -16.7 Output.... Autos .. Trucks . Less: Exports .... Autos Trucks NOTE.—See note to table 1 for an explanation of chained (1996) dollars. Truck output includes new trucks only; auto output includes new cars and used cars. Chained (1996) 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 and 8.9B. August 2000 SURVEY OF CURRENT BUSINESS mestic autos, which is calculated from units data, increased to 2.2 at the end of the second quarter from 2.1 at the end of the first; the traditional industry target is 2.4. Prices The price index for gross domestic purchases, which measures the prices paid for goods and services purchased by U.S. residents, increased 2.2 percent in the second quarter after increasing 3.8 percent in the first (table 4). The first-quarter increase reflected an acceleration in energy prices and a pay raise for Federal civilian and military personnel.3 In the second quarter, energy prices decelerated. Prices of gross domestic purchases less food and energy increased 1.8 percent in the second quarter after increasing 2.8 percent in the first (chart 2). PCE prices increased 2.3 percent after increasing 3.5 percent. Prices of PCE energy goods and services increased 13.4 percent, much less than in the first quarter.4 PCE food prices increased 2.3 percent, about the same as in the preceding three quarters. Prices of PCE less food and energy increased 1.7 percent after increasing 2.2 percent. Prices of private nonresidential fixed investment increased 1.4 percent after increasing 1.8 percent. 3. In the NIPA's, an increase in the rate of Federal employee compensation is treated as an increase in the price of employee services purchased by the Federal Government. 4. "Energy goods and services" consists of gasoline, fuel oil, and other energy goods and of electricity and gas. Table 4.—Price Indexes [Percent change at annual rates; based on seasonally adjusted index numbers 1999 2000 Gross domestic product 1.1 1.6 3.3 2.5 Less: Exports of goods and services Plus: Imports of goods and services 1.1 6.0 2.7 5.3 1.9 5.6 1.8 -.2 Equals: Gross domestic purchases 1.7 1.9 3.8 2.2 Less: Change in private inventories Equals: Final sales to domestic purchasers 1.7 2.0 3.8 2.2 Personal consumption expenditures Food Energy goods and services' Other personal consumption expenditures 1.9 2.1 13.5 1.3 2.2 2.3 11.7 1.7 3.5 2.4 35.1 2.2 2.3 2.3 13.4 1.7 Private nonresidential fixed investment Structures Equipment and software -1.5 2.9 -2.9 3.6 -2.1 1.8 4.7 .9 1 4 3.2 Private residential investment 3.4 2.6 5.2 2.2 Government consumption expenditures and gross investment g Fe Federal National defense Nondefense State and local 3.1 1.9 2.0 1.8 3.8 3,0 2.2 2.4 1.9 3.5 6.4 77 7.1 8.9 5.7 2.4 .6 .9 .1 3.4 1.1 1.5 2.8 1.8 Addendum: Gross domestic purchases less food and energy These increases, which followed 18 consecutive quarterly decreases, largely reflected increases in the prices of software and of transportation equipment and smaller-than-usual decreases in computer prices. Prices of government consumption expenditures and gross investment increased 2.4 percent after increasing 6.4 percent. Prices paid by the Federal Government increased 0.6 percent after increasing 7.7 percent; the first-quarter increase largely reflected the pay raise. Prices paid by State and local governments increased 3.4 percent after increasing 5.7 percent. The GDP price index, which measures the prices paid for goods and services produced in the United States, increased 2.5 percent after increasing 3.3 percent. The GDP price index, unlike the price index for gross domestic purchases, includes the prices of exports and excludes the prices of imports. The larger increase in the GDP price index than in the price index for gross domestic purchases reflected import prices, which decreased slightly after increasing; the price of imported petroleum decelerated sharply. Personal income Real disposable personal income (DPI) increased 3.4 percent in the second quarter after increasing 1.9 percent in the first (chart 3). Most of the stepup was due to the slowdown in PCE prices; current-dollar DPI increased 5.8 percent after increasing 5.5 percent. The personal saving rate (saving as a percentage of current-dollar DPI) remained unchanged at 0.2 percent. Personal income increased $130.0 billion, about the same as in the first quarter. A step-up in pro- Gross Domestic Purchases Prices: Change From Preceding Quarter Percent 1997 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. 1998 1999 Note-Percent change at annual rate from preceding quartan based on seasonally adjusted index numbers (1998=100). 2000 SURVEY OF CURRENT BUSINESS prietors' income was offset by slowdowns in personal interest income and in wage and salary disbursements (table 5). Proprietors' income increased $15.8 billion after increasing $4.3 billion. An upturn in farm proprietors' income more than accounted for the stepup. The upturn mainly reflected the pattern of subsidy payments, which increased $0.7 billion after decreasing $13.0 billion. Wage and salary disbursements increased $75.8 billion after increasing $82.1 billion. The slowdown was accounted for by goods-producing industries other than manufacturing and by government. Transfer payments to persons increased $19.2 billion, about the same as in the first quarter. The second-quarter increase included benefit payments of $6.4 billion (annual rate) that resulted from the new Senior Citizens' Freedom to Work Act of 2000. This act, which was signed into law April 7, 2000 and was effective retroactive to Janu- Selected Personal Income and Saving Measures Billions $ 150 CHANGE IN PERSONAL INCOME 120 August 2000 ary 1, eliminated the "retirement earnings test" and allowed social security beneficiaries aged 65 and older to receive full benefits regardless of their earnings. Prior to enactment, benefits had been reduced $1 for every $3 earned over the annual earning limit, which was $17,000 for calendar year 2000. The first-quarter increase in transfer payments had reflected a $10.4 billion step-up in costof-living adjustments to benefits under social security and other Federal retirement and income support programs. Table 5.—Personal Income and Its Disposition [Billions of dollars; seasonally adjusted at annual rates] Level 2000 1999 II 60 IV 4,736.2 3,975.6 1,144.7 811.0 1,093.9 1,737.0 760.6 76.6 69.6 16.2 11.6 20.0 33.2 7.2 Other labor income 520.5 4.1 Proprietors' income with IVA and CCAdj Farm Nonfarm -.7 709.7 22.0 -13.5 687.7 12.8 Wage and salary disbursements Private industries Goods-producing industries Manufacturing Distributive industries Service industries Government I II 71.3 64.2 13.4 6.1 19.5 31.4 7.0 82.) 66.7 19.7 7.7 21.5 25.4 15.4 75.8 65.1 13.8 8.2 23.0 28.4 10.7 4.6 6.6 6.5 29.9 4.3 16.2 -12.6 13.7 16.9 15.8 2.9 12.9 Rental income of persons with CCAdj Personal dividend income Personal interest income 141.6 392.6 1,027.7 -9.1 6.7 18.1 9.6 6.7 19.6 -.6 6.7 22.6 -4.0 5.7 16.1 Transfer payments to persons 1,066.1 8.1 7.1 19.5 19.2 358.6 5.2 4.9 7.5 5.2 Personal income 8,235.8 98.8 143.8 133.5 130.0 Less: Personal tax and nontax payments 1,272.2 30.6 33.3 42.0 32.9 Equals: Disposable personal income 6,963.6 68.2 110.5 91.5 97.1 Less: Personal outlays 6,947.3 110.5 130.8 181.5 91.7 16.2 -42.5 -20.1 -90.0 5.2 Equals: Personal saving 30 2000 III Less: Personal contributions for social insurance 90 Change from preceding Addenda: Special factors in personal income: IIIlllllllll.l In wages and salaries: Manufacturing bonus payments Boeing strike Due to Hurricane Floyd Federal pay raise Federal civilian retirement buyout payments 0 0 0 7.0 .1 0 0 .3 0 0 2.5 -2.5 -.4 0 0 -.3 7.0 0 .1 —1 In farm proprietors' income: Federal subsidies Due to Hurricane Floyd 4.5 0 -7.9 -.6 16.6 -13.0 0 .6 In nonfarm proprietors' income: Due to Hurricane Floyd 0 -.4 .4 In rental income of persons with CCAdj: Federal subsidies Due to Hurricane Floyd 1.0 0 -1.8 -4.7 6.4 0 10.8 .5 In transfer payments to persons: Social security earnings test Social security retroactive payments Cost-of-living adjustments in Federal transfer programs Earned Income Tax Credit and Child Tax Credit payments In personal contributions for social insurance: Tax rate, base, and law change In personal tax and nontax payments: Federal tax law changes State tax law changes NOTE.—Most dollar levels are in NIPA table 2.1. 0 .4 0 0 0 .7 0 0 0 3.7 4.5 -2.8 .2 0 0 0 -4.2 -2.3 0 1.2 .4 0 0 -1.2 10.4 .5 6.4 0 0 0 2.5 -2.0 0 -5.4 -3.3 3.8 .1 0 3.9 2.5 -5.4 -3.1 .1 0 0 1.9 August 2000 SURVEY OF CURRENT BUSINESS Annual Revision of the National Income and Product Accounts Annual Estimates, 1997-99 Quarterly Estimates, 1997:1-2000:1 By Eugene P. Seskin and David F. Sullivan (TN THIS issue of the SURVEY OF CURRENT BUSINESS, J. the Bureau of Economic Analysis (BEA) presents revised estimates of the national income and product accounts (NIPA's) for 1997-99 and the first quarter of 2000.' As is usual in annual NIPA revisions, these estimates incorporate source data that are more complete, more detailed, and otherwise more appropriate than those that were previously incorporated. In addition, several metho1. For information on the structure, definitions, presentation, and methodologies that underlie the NIPA's, see "A Guide to the NIPA's," SURVEY OF CURRENT BUSINESS 78 (March 1998): 26—68. For definitional changes that were made in the 1999 comprehensive revision of the NIPA's, see Brent R. Moulton, Robert P. Parker, and Eugene P. Seskin, "A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts: Definitional and Classificational Changes," SURVEY 79 (August 1999): 7-20. dological and presentational changes have been made. The first section of this article discusses the impact of the revisions on key NIPA measures of economic activity, and the second section provides a summary of the revisions and the major source data underlying them. The third section describes the changes in the methodology used to prepare the estimates, and the fourth section discusses two changes in the presentation of the NIPA tables. Appendix A shows, in current dollars, the revised annual estimates and the revisions for the five summary accounts of the NIPA's. Tables presenting most of the revised monthly, quarterly, and annual NIPA estimates and the "advance" estimates for CHART 1 CHART 2 Real Gross Domestic Product Gross Domestic Purchases Price Index (Chain-Type Weights) Billion chained (1996)$ 9500 Index, 1996=100 106 !LEVELS Revised v 9000 104 Previously Published 8500 102 8000 Percent 10 100 L - L Percent PERCENT CHANGES Previously Published m Revised 1997 1998 1999 2000 Seasonally Adjusted at Annual Rates US. Department of Commerce, Bureau of Economic Analysis 5 PERCENT CHANGES Previously Published I.I I IIIII 1997 1998 1999 •Revised 2000 Seasonally Adjusted at Annual Rates U.S. Department of Commerce, Bureau of Economic Analysis SURVEY OF CURRENT BUSINESS the second quarter of 2000 follow this article (a list of these tables is shown beginning on page 34). In addition, historical estimates beginning with 1929 for gross domestic product (GDP) and other major NIPA series are presented beginning on page 120. August 2000 ward revisions to PCE for services, to exports of services, and to residential investment. In the revised estimates, the major components contributing to growth were the same as those in the previous estimates: Increases in PCE, in private fixed investment, in exports of goods and services, and in State and local government consumption expenditures and gross investment more than offset an increase in imports of goods and services (which is subtracted in the calculation of GDP). Federal Government consumption expenditures and gross investment and change in private inventories changed little over the period. The percent change from the preceding year for real GDP was revised up from 4.2 percent to 4.4 percent for 1997, was revised up from 4.3 percent to 4.4 percent for 1998, and was unrevised at 4.2 percent for 1999. On a fourth-quarter-to-fourthquarter basis, the increase during 1997 was revised up from 4.1 percent to 4.3 percent, the increase during 1998 was revised down from 4.7 percent to 4.6 percent, and the increase during 1999 was revised up from 4.6 percent to 5.0 percent. Impact of the Revisions Overall, the picture of the U.S. economy presented in the revised estimates does not differ significantly from that shown in the previously published estimates. According to the revised estimates, the economy grew at a slightly faster rate: From the fourth quarter of 1996 to the first quarter of 2000, the growth rate (average annual rate of change) of real GDP was revised up 0.1 percentage point to 4.6 percent (chart 1 and table 1). The upward revision was more than accounted for by upward revisions to private investment in equipment and software, to nonresidential structures, to personal consumption expenditures (PCE) for goods, and to change in private inventories; these revisions were partly offset by down- Table 1.—Real GDP and Its Major Components: Change From 1996:1V to 2000:1 [Billions of chained (1996) dollars, seasonally adjusted annual rates] Chan gefor 1996:1V -2000:1 996:IV 2000:1 Dollar Revision in change Revised Previously published Change for 1996:1^-2000:1 Percent (annual rate) 2000:1 Dollar Percent (annual • rate) Dollar rerociiiayc points Gross domestic product . 7,931.3 9,158.2 1,226.9 4.5 9,191.8 1,260.5 4.6 33.6 0.1 Personal consumption expenditures Durable goods Nondurable goods Services 5,291.9 625.7 1,593.9 3,072.2 6,217.8 894.1 1,837.9 3,501.2 925.9 268.4 244.0 429.0 5.1 6,213.5 898.2 1,844.8 3,487.2 921.6 272.5 250.9 415.0 5.1 -4.3 -14.0 0 .2 .1 -.1 Gross private domestic investment Fixed investment Nonresidential Structures ...... Equipment and software Residential Change in private inventories 1,283.7 1,250.2 936.2 237.3 698.8 314.0 32.9 1,725.6 1,688.7 1,311.3 257.5 1,063.6 381.6 28.0 441.9 438.5 375.1 20.2 364.8 67.6 -4.9 1,773.6 1,730.9 1,365.3 274.0 1,100.4 371.4 36.6 489.9 480.7 429.1 36.7 401.6 57.4 48.0 42.2 54.0 16.5 36.8 -10.2 1.0 .8 1.4 2.0 1.2 -.9 3.7 8.6 -74.6 923.5 651.7 271.6 998.1 840.7 157.3 -367.5 1,094.6 795.2 300.4 1,462.1 1,249.8 213.9 -292.9 171.1 143.5 28.8 464.0 409.1 56.6 -376.8 1,084.8 798.1 288.5 1,461.7 1,255.3 208.4 -302.2 161.3 146.4 16.9 463.6 414.6 51.1 -9.3 -9.8 Government consumption expenditures and gross investment Federal National defense Nondefense State and local 1,430.6 527.6 353.3 174.4 903.0 1,563.8 535.7 340.2 195.3 1,027.6 133.2 134.5 -13.1 20.9 124.6 -1.2 -11.8 21.0 124.4 -1.0 3.5 4.1 1,565.1 537.1 341.5 195.4 1,027.4 Addenda: Final sales of domestic product Gross domestic purchases Gross national product Gross domestic income 7,897.6 8,006.5 7,947.9 7,909.2 9,120.1 9,500.6 9,132.4 9,279.2 1,222.5 1,494.1 1,184.5 1,370.0 4.5 5.4 4.4 5.0 9,148.0 9,543.6 9,187.7 9,265.0 1,250.4 1,537.1 1,239.8 1,355.8 Net exports of goods and services Exports Goods Services Imports Goods Services NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses the weights of more than one period, the corresponding chained-dollar estimates are usually not additive. 8.1 11.6 4.5 4.1 9.5 9.7 10.9 2.5 13.8 6.2 5.4 6.3 3.1 12.5 13.0 9.9 2.8 .5 9.5 11.8 4.6 4.0 10.5 10.5 12.3 4.5 15.0 5.3 4.1 6.9 5.1 6.4 1.9 2.9 -.3 .1 -11.9 -1.2 12.5 13.1 -.4 5.5 9.0 -5.5 0 .1 -.9 2.8 .5 3.6 4.1 1.3 1.4 1.3 .1 -.2 0 0 .2 .1 0 4.6 5.6 4.6 5.0 27.9 43.1 55.3 -14.2 .1 .2 .2 0 8 • August 2000 SURVEY OF CURRENT BUSINESS Although there were some revisions to the annual growth rates of real GDP, the pace of the current economic expansion is the same as previously estimated. From the cyclical trough in the first quarter of 1991 to the first quarter of 2000, the average annual rate of change for real GDP was unrevised at 3.7 percent. The revised estimates show about the same rate of increase in prices as that shown by the previously published estimates (chart 2). From the fourth quarter of 1996 to the first quarter of 2000, the average annual rate of increase in the price index for gross domestic purchases was unrevised at 1.5 percent; the rate of increase for the price index for GDP was revised up 0.1 percentage point to 1.7 percent (table 2). The percent change from the preceding year for the price index for gross domestic purchases was unrevised at 1.6 percent for 1997, was revised up from 0.7 percent to 0.8 percent for 1998, and was revised up from 1.5 percent to 1.6 percent for 1999. The revisions to the price index for GDP were similar. Summary of the Revisions The revisions reflect the incorporation of new and revised source data for the current-dollar estimates and for the prices and quantities used to prepare Table 2.-€hain-Type Price Indexes: Change From 1996:1V to 2000:1 [Index numbers (1996=100), seasonally adjusted] Previously published 1996:1V 2000:1 Gross domestic product Less: Exports of goods and service Plus: Imports of goods and service Equals: Gross domestic purchases Personal consumption expenditures Nondurable goods . Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Government consumption expenditures and gross investment Federal National defense Nondefense State and local Addenda: Final sales of domestic product. Gross national product Percent change for 1996:1V2000:1 (annual rate) Revised 2000:1 Revision Percent change in change (percentfor age 1996:1Vpoints) 2000:1 (annual 100.63 105.95 1.6 106.17 1.7 98.85 99.43 96.89 94.83 -.6 -1.4 96.98 94.97 -.6 -1.4 100.68 105.56 1.5 105.78 1.5 100.87 99.32 100.92 101.17 106.34 91.90 106.56 109.45 1.6 -2.4 1.7 2.5 106.58 91.98 106.48 109.88 -2.3 1.7 2.6 100.02 100.05 99.71 101.28 99.19 101.03 99.12 99.70 95.87 112.77 90.88 111.80 -.3 -.1 -1.2 3.4 -2.7 3.2 99.32 99.71 95.84 112.72 90.82 112.36 -.2 -.1 -1.2 3.3 -2.7 3.3 0 0 -.1 0 .1 100.58 100.35 100.49 100.06 100.72 109.10 108.23 107.22 110.11 109.61 2.5 2.4 2.0 3.0 2.6 109.30 108.01 107.35 109.26 110.03 2.6 2.3 2.1 2.7 2.8 .1 -.1 .1 -.3 .2 100.64 100.63 106.10 105.92 1.6 1.6 106.29 106.14 1.7 1.7 0.1 0 0 1.7 .1 the real estimates; they also reflect the introduction of changes in methodology. This section describes the revisions to the annual current-dollar, price, and real estimates, and then it briefly describes the revisions to the quarterly estimates. Annual current-dollar estimates Table 3 summarizes the current-dollar revisions to major NIPA components. It provides a guide to the major revisions by identifying the subcomponent series for which revisions were $2.0 billion or more (absolute value) for any of the years covered by this annual revision and by listing the major source data that underlie the revised estimates. Note that the incorporation of new and revised source data usually results in a revision to the level of an estimate not only for the year into which they are directly incorporated but also for subsequent years. This annual revision incorporated data from the following primary Federal statistical sources: Bureau of the Census 1997 Economic Census and 1997 Census of Governments, annual surveys of State and local governments (for fiscal years 1998 and 1999), of manufactures, of merchant wholesale trade, of retail trade (for 1998), and of services (for 1998 and 1999); Census Bureau surveys of the value of construction put in place (for 1997-99); Federal Government budget data (for fiscal years 1998-2000); Internal Revenue Service (IRS) tabulations of income tax returns for corporations (for 1997 and 1998) and for sole proprietorships and partnerships (for 1998); Bureau of Labor Statistics (BLS) tabulations of wages and salaries of employees covered by State unemployment insurance (for 1999); U.S. Department of Agriculture farm statistics (for 1997-99); and BEA international transactions accounts (for 1997-99). Gross domestic product (GDP).—The level of current-dollar GDP was revised up for all 3 years: $17.6 billion, or 0.2 percent, for 1997; $30.3 billion, or 0.3 percent, for 1998; and $43.1 billion, or 0.5 percent, for 1999. These revisions are about average in comparison with recent annual NIPA revisions. By major component, for 1997, upward revisions to equipment and software, to State and local government consumption expenditures and gross investment, and to personal consumption expenditures (PCE) for services more than offset a downward revision to change in private inventories. For 1998, upward revisions to nonresidential structures, to State and local government con- SURVEY OF CURRENT BUSINESS sumption expenditures and gross investment, to PCE for services, to equipment and software, and to change in private inventories more than offset downward revisions to PCE for goods and to residential investment. For 1999, upward revisions to equipment and software and to nonresidential structures, a downward revision to imports of goods and services, and upward revisions to State and local government consumption expenditures and gross investment, to PCE for services, and to PCE for goods more than offset downward revisions to exports of goods and services, to residential investment, and to Federal Government consumption expenditures and gross investment. PCE for goods.—PCE for goods was revised down $0.5 billion for 1997, was revised down $5.6 billion for 1998, and was revised up $5.1 billion for 1999. For 1997, a downward revision to "goods other than motor vehicles and parts" more than offset an upward revision to motor vehicles and parts. For 1998, the downward revision was primarily accounted for by "goods other than motor vehicles and parts." For 1999, the upward revision was primarily accounted for by motor vehicles and parts. "Goods other than motor vehicles and parts" was revised down $1.6 billion for 1997, was revised down $5.2 billion for 1998, and was revised up $0.5 billion for 1999. For 1997, a downward revision to food more than offset upward revisions to "other nondurable goods" and to gasoline and oil. For 1998, downward revisions to food and to furniture and household equipment more than offset upward revisions to "other nondurable goods" and to gasoline and oil. For 1999, upward revisions to gasoline and oil and to "other nondurable goods" more than offset downward revisions to food and to furniture and household equipment. Within "other nondurable goods," the revisions were more than accounted for by drug preparations and Text continues on page 15. Acknowledgments Brent R Moulton, Associate Director for National Income, Expenditures, and Wealth Accounts, supervised the preparation of this year's annual revision of the national income and product accounts. Karl D. Galbraith, Chief of the Government Division, and Carol E. Moylan, Chief of the National Income and Wealth Division, directed major parts of the revision. Robert P. Parker, former Chief Statistician, and Bruce T. Grimm provided technical guidance. Kali K. Kong—assisted by Peter G. Beall, Randall T. Matsunaga, Karin E. Moses, Toui C. Pomsouvan, Charles S. Robinson, David E Sullivan, and Ernest D. Wilcox—coordinated and conducted the estimation and review process. Eugene P. Seskin and David F. Sullivan wrote the article; John R. Kort wrote the box on implementation of NAICS. Duane G. Hackmann, Kali K. Kong, and Teresa L. Weadock prepared analyses and other review materials for both the article and the news release. Herb L. Cover— assisted by Mary Carol Barron, Michael J. Boehm, John Sporing, Jr., and Mary D. Young—developed and operated the computer systems that were used to compile, check, analyze, and report the final estimates. David E Sullivan coordinated the presentational improvements and table changes. Other BEA staff who made significant contributions to the revision are listed below. Personal consumption expenditures—Clinton P. McCully. Goods—M. Greg Key, Robert N. Ganz III, Everette P. Johnson, James J. Raley III. Services—Aaron C. Catlin, Myung G. Han. Investment and Foreign transactions—Paul R. Lally, Leonard J. Loebach. Inventories—Debra M. Blagburn, Jennifer A. Ribarsky. Structures—Velma P. Henry. Foreign transactions, equipment, software, and prices—David B. August 2000 Wasshausen, Jeffrey W. Crawford, Randall T. Matsunaga, Nadia F.P. Sadee, Linden L. Webber. Federal Government—Pamela A. Kelly, W. Robert Armstrong, Laura M. Beall, Peter G. Beall, Kurt S. Bersani, James E. Boucher, Ann M. Groszkiewicz, Doris N. Johnson, Sean P. Keehan, Raymen G. LaBella, Claire G. Pitzer, Michael D. Randall, Michelle D. Robinson, Mary L. Roy, Shelly Smith, Benyam Tsehaye, Andrew E. Vargo. State and local government—Bruce E. Baker, Steven J. Andrews, Florence H. Campi, Benjamin D. Cowan, Eric C. Erickson, Janet H. Kmitch, Donald L. Peters. Chain-type quantity and price measures—Christian Ehemann, Michael J. Boehm, Karl V. Rohrer. Income—Carol E. Moylan. Personal income—Kurt Kunze, Thae S. Park, Toui C. Pomsouvan. Employee compensation—Kurt Kunze, Molly B. Knight, Brian V. Moran, Monisha Primlani, James. E. Rankin, Ernest D. Wilcox. Business income—Kenneth A. Petrick, Willie J. Abney, Debora A. Fisher, Jerry L. Stone, Garth K. Trinkl. Property income—George M. Smith. Farm output and income—Shaunda M. Villones. Interest income—Mary Kate Catlin. Rental income ofpersons and housing output— Denise A. McBride. Consumption of fixed capital—Shelby W. Herman. Private—Phyllistine M. Barnes, Michael D. Glenn, Kurt Kunze, Dennis R. Weikel. Government—D. Timothy Dobbs, Charles S. Robinson. NIPA information—Marilyn E. Baker, Phyllistine M. Barnes, Virginia H. Mannering, Teresa L. Weadock. Secretarial—Esther M. Carter, Katherine Dent, Angela P. Pointer, Angela M. Tucker, Dorothy A. Wilson. 10 August 2000 SURVEY OF CURRENT BUSINESS Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data Billions of dollars NIPA component Revision in level 1997 Gross domestic product 1998 Revised 1999 level 1999 17.6 30.3 43.1 9,299.2 4.9 2.3 11.4 6,268.7 -.5 -5.6 5.1 2,606.8 1.1 -0.4 4.6 320.7 New autos -.3 -2.8 -3.3 Other motor vehicles 1.8 2.6 9.5 -1.6 -5.2 .5 Furniture and household equipment -0.6 -2.6 -2.0 288.5 Food -4.8 -7.6 -6.3 897.8 Gasoline and oil 1.9 2.3 4.5 128.3 Other nondurable goods 2.4 4.5 4.0 498.0 5.4 7.8 6.3 3,661.9 .7 2.3 3.7 906.2 .6 1.9 2.7 37.5 .3 -1.3 -2.0 360.2 1.1 -.1 2.0 121.7 4.4 4.3 2.3 943.6 1.9 1.6 -2.4 232.3 -2.3 .4 -2.0 2.5 2.5 4.2 375.0 245.5 -0.1 -07 2.5 46.0 -2.7 -3.9 -4.2 83.5 2.6 2.3 2.3 76.8 1.7 1.5 2.1 64.6 .9 -2.3 -9.1 237.1 -.9 5.5 10.0 958.4 .7 5.1 13.7 586.2 Services furnished without payment by financial intermediaries except life insurance carriers. .9 4.2 8.5 243.8 Expense of handling life insurance and pension plans. .3 .9 4.4 98.0 -.8 -.9 -2.7 170.2 Personal consumption expenditures Goods a which: Motor vehicles and parts Major source data incorporated1 Of which: Goods other than motor vehicles and parts Revised trade source data on optional equipment percentages for model year 1998; new data for model year 1999; new price data for model years 1997-99; new price data for domestic autos for model year 2000. 119.9 Trucks: Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99; trade source unit sales, prices, and registrations by sector for new trucks for 1999. 2,286.1 97.3 Of which: Services Revised Census Bureau economic census retail sales data for 1997; revised Census Bureau annual retail trade survey sales data for 1998; revised Census Bureau monthly sales data for 1999. Revised Census Bureau economic census retail sales data for 1997; revised Census Bureau annual retail trade survey sales data for 1998; revised Census Bureau monthly sales data for 1999. Revised Federal Highway Administration (FHWA) motor fuel gallonage data by type of vehicle for 1997; new FHWA motor fuel gallonage data for 1998; revised Energy Information Administration product supplied data for 1999. Revised Census Bureau economic census retail sales data for 1997; revised Census Bureau annual retail trade survey sales data for 1998; revised Census Bureau monthly sales data for 1999. Of which: Housing . Of which: Other Household operation Census Bureau economic census data for 1997; revised service annual survey (SAS) data for 1998; new SAS data for 1999. Of which: Telephone and telegraph Medical care Revised Federal Communications Commission (FCC) data on long distance service revenue for 1997; new FCC data for 1998; new Census Bureau annual survey of communications services data on cellular telephone revenue for 1998; trade source data on cellular telephone revenue for 1999. Of which: Physicians Hospitals Nonprofit Proprietary Government Nursing homes .... Health insurance Recreation Other services Census Bureau economic census data for 1997; revised service annual survey (SAS) data for 1998; new SAS data for 1999. FY 1998 trade source data on expenses for 1997 and 1998; trade source data on community hospital expenses for 1999. FY 1998 trade source data on expenses for 1997 and 1998; trade source data on community hospital expenses for 1999. Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998. Census Bureau economic census data for 1997; revised service annual survey (SAS) data for 1998; new SAS data for 1999. HHS medical expenditure panel survey data on health insurance for 1997; BLS data on employer costs for health insurance for 1998 and 1999; revised BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1998; new BLS tabulations for 1999. Census Bureau economic census data for 1997; revised service annual survey (SAS) data for 1998; new SAS data for 1999. Of which: Personal business Of which: Religious and welfare activities 6.8 18.7 27.4 1,650.1 Fixed investment 12.3 12.9 28.8 1,606.8 Nonresidential 13.3 16.2 36.4 1,203.1 1.7 10.4 12.2 285.6 1.8 4.9 8.5 204.0 1.7 -.4 4.2 5.3 5.2 5.5 31.5 45.0 -.1 5.2 4.4 Gross private domestic investment Structures Of which: Nonresidential buildings, excluding farm Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; revised Federal Reserve Board flow-of-funds accounts sector assets data for 1997-99; Federal Deposit Insurance Corporation data, Credit Union National Association data, Office of Thrift Supervision data, trade source data on investment companies for 1999. Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; trade source data on expenses for 1998; BLS tabulations of wages and salaries covered by State unemployment insurance for 1999. BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1999. Of which: Industrial Utilities Of which: Gas See .footnotes at the end of the table. Revised Census Bureau value of construction put in place data for 1997-99. 9.3 Revised Census Bureau value of construction put in place data for 1997-99. August 2000 • SURVEY OF CURRENT BUSINESS 11 Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data-Continued Billions of dollars NIPA component Revision in level 1997 Mining exploration, shafts, and wells 1998 .1 1999 -7 -2.8 Revised 1999 level Major source data incorporated' 24.3 Of which: .1 0 -2.1 11.5 5.8 24.0 917.4 9.8 2.9 10.5 -3.6 26.1 -3.5 9.9 20.7 36.6 .7 -2.9 -0.1 -3.7 -3.7 -<3.9 .5 -7.8 -3.6 433.0 94.3 Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99. 180.1 Census Bureau economic census data for 1997; BLS employment data for 1997; new Census Bureau service annual survey data for 1998. 99.1 Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99. 59.5 Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99. 193.5 -1.3 .9 -4.5 Autos .7 .1 3.5 Aircraft .4 -3.0 -1.7 2.5 3.0 1.5 -1.0 -.9 -3.3 -3.3 -7.5 -7.5 Petroleum and natural gas Equipment and software 22.8 Trade source data on drilling costs for 1998; revised trade source data on footage drilled for 1998 and 1999. Of which: Information processing equipment and software Computers and peripheral equipment Software Communication equipment Other Transportation equipment Of which: Trucks, buses, and truck trailers Other equipment Residential Structures Of which: New Of which: 113.5 Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99; trade source unit sales, prices, and registrations by sector for new trucks for 1999. 44.1 Revised trade source data on optional equipment percentages for model year 1998; new data for model year 1999; new price data for model years 1997-99; new price data for domestic autos for model year 2000. 25.7 Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99; Census Bureau current industrial reports data for complete civilian aircraft for 1999. 144.4 Census Bureau economic census product shipments data for 1997; new Census Bureau annual survey of manufactures product shipments data for 1998; revised BEA tabulations of exports and imports for 1997-99. 403.8 394.9 -.9 -3.4 -7.3 342.9 -1.2 -0.7 -6.7 207.2 -6.4 5.8 -1.3 43.3 .1 -5.7 -6.8 .3 5.5 8.5 -3.6 2.2 2.5 -.2 43.5 59.1 -6.4 2.6 0 Retail trade -.1 2.9 1.5 Other than manufacturing and trade -.5 1.8 -.2 1.2 ^3.0 -.3 -1.0 -1.9 -.1 -254.0 -1.6 -.1 -1.5 -.5 0 -.5 -.3 .7 -1.1 1.6 .1 1.5 -8.1 .2 -8.3 -8.0 -.5 -7.5 990.2 699.2 291.0 1,244.2 1,048.6 195.6 6.9 11.2 4.3 1,634.4 .4 1.9 -2.0 568.6 .3 .2 1.3 .4 -2.6 ^.5 203.5 159.6 Single-family structures Change in private inventories Revised Census Bureau value of construction put in place data for 1997-99. Of which: Farm Nonfarm Change in book value Revised USDA data for 1997 and 1998; new USDA data for 1999. Of which: Manufacturing Inventory valuation adjustment Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment. Federal consumption expenditures and gross investment.. 3.7 New Census Bureau economic census inventory book value data for 1997; new Census Bureau annual survey of manufactures inventory book value data for 1998; Federal budget data on defense aircraft purchases for 1997. Revised Census Bureau annual retail trade survey (ARTS) inventory book value data for 1997; new ARTS data for 1998; revised BEA estimates based on inventory data from trade sources for 1999; revised Census Bureau monthly inventory data for 1999. 9.7 Revised IRS tabulations of inventory book value data from corporate tax returns for 1997;new IRS tabulations of inventory book value data from sole proprietorship, partnership and from corporate tax returns for 1998; Census Bureau Quarterly Financial Report data for mining for 1999. -15.6 Revised information on accounting methods used for inventory reporting in the annual trade survey (ATS), and in the annual retail trade survey (ARTS) for 1997; new ATS and ARTS information for 1998. 26.2 Revised BEA international transactions accounts estimates for 1997-99. Of which: Nondefense Consumption expenditures Of which: Services .3 -.2 -4.0 148.9 -.7 -.9 -4.5 37.5 .1 .9 2.0 44.0 .2 1.1 2.3 33.0 Of which: Other services Gross investment Revised allocation of FY 1998 Federal budget data for 1997 and 1998; revised FY 1999 Federal budget data for 1998 and 1999; preliminary FY 2000 Federal budget data for 1999. Of which: Equipment and software See footnotes at the end of the table. Revised allocation of FY 1998 Federal budget data for 1997 and 1998; revised allocation of FY 1999 Federal budget data for 1998 and 1999; preliminary FY 2000 Federal budget data for 1999; Census Bureau economic census data for 1997; BLS employment data for 1997; new Census Bureau service annual survey data for 1998. 12 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data—Continued Billions of dollars NIPA component Revision in level 1997 State and local consumption expenditures and gross investment. Consumption expenditures Of which: Nondurable goods 1999 1998 6.5 Revised 1999 level 9.3 6.4 1,065.8 Major source data incorporated1 .5 .9 -2.4 855.0 -2.7 -2.7 -4.0 3.4 3.7 1.7 91.3 Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998. 747.7 4.4 3.8 2.2 624.1 -1.1 -1.0 -2.2 40.6 6.0 8.4 8.9 210.9 6.5 8.8 7.8 157.5 Gross domestic product 17.6 30.3 43.1 9,299.2 Plus: Net receipts of income Income receipts from the rest of the world Income payments to the rest of the world 2.9 -1.3 -4.2 6.4 .1 -6.3 9.0 3.6 -^5.4 -11.0 305.9 316.9 Equals: Gross national product 20.4 36.7 52.0 9,288.2 Less: Statistical discrepancy2 32.9 22.8 53.2 -71.9 Services Of which: Compensation of general government employees, except own-account investment. Other services Gross investment Of which: Structures Equals: Gross national income -12.5 13.8 -1.2 9,360.1 Compensation of employees -24.4 -27.0 -31.9 5,299.8 1.3 0 -.1 -.2 3.3 4.7 -1 -.3 2.8 -2.3 -2.1 -1.5 4,475.1 4,470.0 724.4 184.9 .2 -.6 4.8 -.2 Wage and salary accruals Wage and salary disbursements Government Federal State and local 0 .3 Private Wage accruals less disbursements Supplements to wages and salaries Of which: Other labor income Of which: Private pension and profit-sharing plans Group health and life insurance Workers' compensation Proprietors' income with IVA and CCAdj Farm Revised BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1997 and 1998; new BLS tabulations for 1999; Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances (GF) tabulations of retirement plans for FY 1998; new GF tabulations for FY 1999; HHS medical expenditure panel survey data on health insurance for 1997; BLS data on employer costs for health insurance for 1998 and 1999. Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998. Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998; revised Census Bureau value of construction put in place data for 1997-99. Revised BEA international transactions accounts estimates for 1997-99. Revised postal service data for 1997; new Postal Service data 1998 and 1999; revised Office of Personnel Management data for 1997 and 1998; revised FY 1998 and FY 1999 Federal Budget data for 1997 and 1998; preliminary FY 2000 Federal Budget data for 1999. 539.5 Revised BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1997 and 1998; new BLS tabulations for 1999. 3,745.6 Revised BLS tabulations of wage and salaries of employees covered by State unemployment insurance for 1997 and 1998; new BLS tabulations for 1999; revised USDA data on farm wages for 1997 and 1998; new USDA data for 1999; new BEA international transactions accounts data on rest-of-the-world wage and salary accruals for 1997-99. 5.2 Revised BLS tabulations of wage and salaries of employees covered by State unemployment insurance for 1997 and 1998; new BLS tabulations for 1999. 824.6 1.2 -1.4 5.2 -25.7 -30.3 -34.8 -25.5 -30.2 -34.8 -8.5 -14.1 60.4 -15 5 -12 5 2920 -1 9 -32 34.5 2.6 14.6 5.0 663.5 .2 .3 -S.0 25.3 501.0 DOL tabulations of data on employer contributions to pension and profit-sharing plans for 1997; Pension Benefit Guaranty Corporation tabulations of assets and liabilities for 1998 and 1999. HHS medical expenditure panel survey data on health insurance for 1997; BLS data on employer costs for health insurance for 1998 and 1999; revised BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1998; new BLS tabulations for 1999; trade source data on life insurance for 1997 and 1998; BLS data on employer costs for life insurance for 1999. Trade source data on net premiums and employer costs for self-insurance for 1997 and 1998; BLS data on employment and employer costs for workers' compensation for 1999. Of which: Proprietors' income with IVA Nonfarm Of which: Proprietors' income CCAdj .3 2.4 .4 14.2 -4.9 10.9 33.6 638.2 Revised USDA data for 1997 and 1998; new USDA data for 1999. 3.0 -.8 12.9 1.1 7.6 3.9 586.9 52.7 New IRS tabulations of sole proprietorship and partnership tax return data for 1998. Capital consumption allowances: New IRS tabulations of sole proprietorship and partnership tax return data for 1998. Consumption of fixed capital: Revised BEA fixed investment and price estimates for 1997-99. Rental income of persons with CCAdj -1.9 -2.0 -2.5 143.4 -1.7 -1.0 -2.5 199.4 Of which: Rental income of persons See footnotes at the end of the table. Revised Federal Reserve Board flow-of-funds accounts residential mortgage liabilities data for 1997-99; revised USDA data on rent on farms owned by nonoperator landlords for 1997 and 1998; new USDA data for 1999; trade source data on property insurance for 1998; Census Bureau current population survey data on owner- and tenant-occupied units for 1999; revised IRS tabulations of individual tax return data for 1997; new IRS data for 1998; revised BEA fixed investment and price estimates for 1997-99. August 2000 • SURVEY OF CURRENT BUSINESS 13 Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data—Continued Billions of dollars Revision in level NIPA component 1997 Corporate profits with IVA and CCAdj Profits before tax Of which: Domestic Mining Construction Manufacturing Transportation Communications Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Financial Other Services Rest of the world Receipts from the rest of the world Less: Payments to the rest of the world IVA CCAdj -33.4 -23.7 -36.7 -25.5 856.0 -3.5 -6.1 0 1.2 9.9 -27.2 -2.0 7.0 11.6 -33.6 -3.4 7.8 13.5 .6 3.6 -26.0 -2.7 4.6 -28.6 -4.3 711.6 2.4 36.2 183.9 24.5 9.6 7.2 -22.3 -26.5 4.2 -12.6 3.5 -.7 -4.2 ^3.9 -5.7 13.5 8.9 -31.8 -36.1 4.1 -13.8 8.1 3.1 47.0 34.9 39.6 -2.4 -1.6 37.1 1.2 -2.0 -.4 -1.9 42.1 -15.1 11.7 -5.9 -6.9 731.0 447.7 189.6 194.8 2.0 0 2.8 -.3 .2 -3.6 357.0 281.8 3.8 11.4 Monetary interest paid Of which: Domestic business Of which: Financial corporations Nonfinancial corporations Sole proprietorships and partnerships Persons Government Federal State and local , Of which: Financial corporations Nonfinancial corporations Financial sole proprietorships and partnerships Persons Government Of which: State and local Rest of the world Imputed interest paid (by domestic financial corporate business). Of which: Life insurance carriers Consumption of fixed capital Private Corporate Noncorporate Capital consumption allowances Of which: Noncorporate 823.0 84.8 190.8 172.0 18.7 61.0 111.4 169.3 ^.9 57.9 3.9 -15.1 -9.1 42.1 2,396.1 -6.2 3.6 1,533.8 -6.2 29.3 -19.0 -6.7 30.6 2.7 1,219.5 262.4 51.9 542.7 84.6 3.4 -2.1 6.1 8.5 8.2 Capital consumption allowances: Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998. Consumption of fixed capital: Revised BEA fixed investment and price estimates for 1997-99. 1,709.9 Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; new IRS tabulations of sole proprietorship and partnership tax return data for 1998; Federal Reserve Board flow-of-funds accounts residential mortgage liabilities data for 1997-99 and nonfinancial corporate liabilities data for 1998 and 1999; revised USDA data on interest paid by farmers for 1997 and 1998; new USDA data for 1999; Federal Deposit Insurance Corporation data, Credit Union National Association data, Office of Thrift Supervision data, and trade source data on investment companies for 1999. 3.2 2.7 Revised BEA international transactions accounts estimates for 1997-99. 507.1 34.9 -1.2 Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; regulatory agency and public financial reports profits data for 1999. 2,396.1 2.0 -1.8 .7 2.1 2.9 Major source data incorporatedl 26.6 38.6 58.5 -2.4 75.1 Revised Federal Reserve Board consumer credit data for 1999; regulatory agency data for 1997-99. Revised FY 1999 Federal budget data for 1998 and 1999; preliminary FY 2000 Federal budget data for 1999; revised BEA international transactions accounts estimates for 1997-99. Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998. Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; new IRS tabulations of sole proprietorship partnership tax return data for 1998; Federal Reserve Board flow-of-funds accounts nonfinancial corporate assets data for 1998 and 1999; Federal Deposit Insurance Corporation data, Credit Union National Association data, Office of Thrift Supervision data, and trade source data on investment companies for 1999. 68.9 Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998. 235.0 Revised BEA international transactions accounts estimates for 1997-99. 520.1 8.2 8.5 Imputed interest received Of which: Domestic business Persons From banks, credit agencies, and investment companies. From life insurance carriers Rest of the world 1999 -4.7 -21.6 1.1 1.8 -.3 2.2 1.5 .7 -.5 2.6 -.3 -2.9 1.0 -2.4 Net interest3 Monetary interest received Of which: Domestic business 1998 Revised 1999 level 177.3 520.1 -.5 7.0 .9 -2.1 12.3 4.2 16.7 8.5 72.0 421.1 243.8 6.1 0 8.2 0 8.2 -3.3 177.3 16.4 4.2 12.7 25.2 3.9 2.7 1.1 .5 11.0 7.4 3.6 5.1 21.7 15.8 5.9 9.4 3.5 8.7 Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; trade source data on life insurance for 1998; Federal Reserve Board flow-of-funds accounts life insurance companies assets data for 1998 and 1999. Revised Federal Reserve Board flow-of-funds accounts sector assets data for 1997-99; Federal Deposit Insurance Corporation data for 1999. 1,161.0 961.4 Revised BEA fixed investment and price estimates for 1997-99. 676.9 284.5 984.9 265.9 New IRS tabulations of sole proprietorship and partnership tax return data for 1998; revised BEA fixed investment estimates for 1997-99. See footnotes at the end of the table. 14 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data—Continued Billions of dollars NIPA component Revision in level 1997 Less: CCAdj Corporate Noncorporate 1999 1998 Major source data incorporated1 Revised 1999 level 23.5 42.1 CCAdj is calculated as consumption of fixed capital less capital consumption allowances. -3.3 -2.4 -1.1 -5.8 -5.7 -1 -12.3 -15.1 2.8 -18.6 .4 1.1 1.8 3.9 3.6 52.7 199.6 .4 1.8 3.5 170.3 Perpetual-inventory calculations at current cost, based on gross investment and on investment .2 1.8 .4 2.6 1.8 718.1 1.6 3.5 2.7 617.5 .1 .7 1.9 28.4 1.1 .3 1.0 39.3 \ Of which: Nonfarm proprietors1 income Government Of which: General government prices for 1997-99. See also entries for gross investment. Nonfactor income Of which: 729.4 • Indirect business tax and nontax liability Of which: State and local Less: Subsidies less current surplus of government enterprises. Federal State and local -11.0 -1.0 Census Bureau census of governments tabulations of taxes for FY 1997; revised Census Bureau Government Finances (GF) tabulations for FY 1998; new GF tabulations for FY 1999; revised Census Bureau quarterly tax revenue data for 1997 and 1998; new tax revenue data for 1999. Revised FY 1999 Federal budget data for 1998 and 1999; preliminary FY 2000 Federal budget data for 1999; new FY 1998 Postal Service financial data for 1997 and 1998; new Treasury Department data for 1999. For consumption of enterprise fixed capital: Perpetual-inventory calculations at current cost based on gross investment and on investment prices for 199799. See also entries for gross investment. Census Bureau census of governments tabulations for FY 1997; revised Census Bureau Government Finances tabulations for FY 1998. For consumption of enterprise fixed capital: Perpetual-inventory calculations at current cost, based on gross investment and on investment prices for 1997-99. See also entries for gross investment. Addenda: Gross domestic income -15.3 7.5 -10.2 9,371.1 National income -17.1 -.7 -26.6 7,469.7 Gross saving -19.0 8.4 -9.5 1,717.6 Personal income Wage and salary disbursements Other labor income Proprietors' income with IVA and CCAdj Rental income of persons with CCAdj Personal dividend income -14.1 0 -25.5 2.6 -1.9 1.5 32.1 4.7 -30.2 14.6 -2.0 2.8 -2.2 -2.3 -34.8 5.0 -2.5 6.0 9.1 11.4 11.2 .1 -.4 -.1 -.3 -1.9 -.2 43.0 47.0 44.3 2.9 1.8 .4 1.4 -5.9 32.4 39.6 39.0 .7 -.4 -.6 -6.9 -2.0 -.1 .2 -.5 .2 -2.1 -9.5 986.5 734.5 0 -.4 .1 -.7 -7.7 7.3 208.1 252.0 New Treasury Department data for 1999. New Health Care Financing Administration tabulations of medicaid for 1999. Personal interest income Net interest Domestic business Rest of the world Net interest paid by government Federal State and local Interest paid by persons Transfer payments to persons 1.9 -2.3 See entries under "gross national income." 7,789.6 See entries under "gross national income" and additional sources below. 4,470.0 501.0 663.5 143.4 370.3 Revised IRS tabulations of corporate tax return data for 1997; new IRS tabulations for 1998; regulatory agency and public financial statements data on dividends for 1999. 963.7 See entries under "net interest." 507.1 See entries under "net interest." 624.2 -117.0 261.7 See entries under "net interest." 264.7 -3.0 194.8 See entries under "net interest." 1,016.2 a which: From government Federal Of which: Hospital and supplementary medical insurance State and local Of which: Medical care Less: Personal contributions for social insurance Of which: Federal Less: Personal tax and nontax payments Federal State and local Equals: Disposable personal income Less: Personal outlays Personal consumption expenditures Interest paid by persons Personal transfer payments to the rest of the world (net) .... -.4 6.5 189.0 -.2 3.9 338.5 -.2 3.9 336.6 Revised Social Security Administration (SSA) data on taxable wages for 1998; new SSA data on taxable wages for 1999. 1,152.0 902.2 Social Security Administration data on taxable wages for 1998 and 1999; Treasury Department personal income tax collections data for 1999. 249.7 Census Bureau census of governments tabulations of taxes for FY 1997; revised Census Bureau Government Finances (GF) tabulations for FY 1998; new GF tabulations for FY 1999; revised Census Bureau quarterly tax revenue data for 1997 and 1998; new tax revenue data for 1999. .5 1.0 -1.7 .3 -.1 2.0 -.5 -2.0 -2.2 -14.6 33.8 -2.0 6,637.7 3.6 4.9 -1.9 .6 -1.9 2.3 -5.9 1.7 6.8 11.4 -6.9 2.3 6,490.1 -18.2 35.7 -8.7 147.6 6,268.7 See entries under "personal consumption expenditures." 1. In these descriptions, "new" indicates this is the first time that data from the specific source are being incorporated into the component estimate for the given year, and "revised" indicates that data from the specific source were incorporated previously and now revised data from that source are being incorporated. 2. The statistical discrepancy is gross national product (GNP) less gross national income (GNI); it is also the difference between gross domestic product (GDP) and gross domestic income (GDI), which is GNI less net income receipts from the rest of the world. The statistical discrepancy arises because the product-side measures of GNP and GDP are estimated independently from the income-side measures of GNI and GDI. 3. Net interest is the sum of monetary interest paid by domestic business and by the rest of the world and imputed interest paid by domestic financial corporate business, less monetary interest received by domestic business and by the rest of the world and imputed interest received by domestic business and by the rest of the world. Revised FY 1999 Federal budget data for 1998 and 1999; preliminary FY 2000 Federal Budget data for 1999. 194.8 See entries under "net interest." 26.6 Revised BEA international transactions accounts estimates for 1997-99. BEA Bureau of Economic Analysis BLS Bureau of Labor Statistics CCAdj Capital consumption adjustment DOL Department of Labor FY Fiscal year HHS Department of Health and Human Services IRS Internal Revenue Service IVA Inventory valuation adjustment USDA U.S. Department of Agriculture SURVEY OF CURRENT BUSINESS sundries. The revisions to "goods other than motor vehicles and parts" resulted from the incorporation of revised 1997 Economic Census data, revised annual retail sales data for 1998, and revised monthly sales data for 1999. Motor vehicles and parts was revised up $1.1 billion for 1997, was revised down $0.4 billion for 1998, and was revised up $4.6 billion for 1999. For 1998, a downward revision to new autos was mostly offset by an upward revision to "other motor vehicles." For 1999, an upward revision to "other motor vehicles" more than offset a downward revision to new autos. The revisions to new autos were primarily accounted for by improved estimates of average expenditure per unit that were based on more detailed price data by model. The revisions to "other motor vehicles" were primarily accounted for by purchases of new trucks; for 1998, the revision reflected the incorporation of product shipments data from the Census Bureau annual survey of manufactures, and for 1999, it reflected a revised estimate of sales of trucks to consumers. PCEfor services.—PCE for services was revised up for all 3 years: $5.4 billion for 1997, $7.8 billion for 1998, and $6.3 billion for 1999. For 1997, the revision was primarily accounted for by an upward revision to medical care services. For 1998, upward revisions to "other services," to medical care services, and to housing services more than offset a downward revision to recreation. For 1999, upward revisions to "other services," to housing, and to medical care services more than offset downward revisions to recreation and to household operation. The upward revisions to medical care services for 1997 and 1998 reflected upward revisions to nursing homes, to physicians, and to health insurance that more than offset downward revisions to hospitals. For 1999, upward revisions to hospitals, to nursing homes, and to health insurance more than offset a downward revision to physicians. For 1997, the revisions to nursing homes and to physicians reflected Census Bureau Economic Census data; for 1998, the revisions reflected Census Bureau service annual survey (SAS) data that were benchmarked to the Economic Census data; and for 1999, the revisions reflected preliminary tabulations from the SAS. For 1997, the revision to health insurance reflected the incorporation of a new data source—the medical expenditure panel survey (MEPS) from the Department of Health August 2000 • and Human Services (see the section "Changes in Methodology")—for employer and household costs for private health insurance; for 1998 and 1999, the revisions reflected extrapolation from the 1997 estimate using BLS data on employer costs for health insurance and BLS tabulations of wages and salaries of employees covered by unemployment insurance. For 1997, the revision to hospitals was more than accounted for by government hospitals, reflecting new and revised data from Census Bureau surveys of State and local governments. For 1998, the revision to hospitals reflected a downward revision to government hospitals that more than offset an upward revision to nonprofit hospitals; the revision to government hospitals reflected new data from Census Bureau surveys of State and local governments, and the revision to nonprofit hospitals was based on newly incorporated expense data from trade sources. For 1999, the revision to hospitals reflected upward revisions to nonprofit and to proprietary hospitals that more than offset a downward revision to government hospitals; the revisions to nonprofit and to proprietary hospitals reflected trade source data on community hospital expenses, and the revision to government hospitals reflected extrapolation from the 1998 estimate. The upward revision to "other services" for 1998 was primarily accounted for by personal business services; for 1999, the revision reflected an upward revision to personal business services that was partly offset by a downward revision to religious and welfare activities. For both years, the revisions to personal business services were primarily accounted for by "services furnished without payment by financial intermediaries except life insurance carriers."2 For 1999, "expense of handling life insurance and pension plans" also contributed to the upward revision. The revisions to "services furnished without payment by financial intermediaries except life insurance carriers" were primarily accounted for by commercial banks, based on revised data on assets by sector from the Federal Reserve Board flow-of-funds accounts. The revisions to "expense of handling life insurance and pension plans" and to religious and welfare activities for 1999 reflected the incorporation of BLS 2. This PCE category consists of imputed payments made by persons to depository institutions—that is, commercial banks, mutual savings banks, savings and loan associations, credit unions, and regulated investment companies—to purchase checking, bookkeeping, and investment services for which they do not pay an explicit service charge. For additional information, see U.S. Department of Commerce, Bureau of Economic Analysis, Personal Consumption Expenditures, Methodology Paper No. 6 (Washington, DC: U.S. Government Printing Office, 1990): 11-12. 15 16 • August 2000 SURVEY OF CURRENT BUSINESS tabulations of wages and salaries of employees covered by unemployment insurance. The upward revisions to housing for 1998 and 1999 were primarily accounted for by "other" housing, particularly hotels and motels, and reflected SAS data for 1998 that were benchmarked to the 1997 Economic Census and preliminary tabulations from the SAS for 1999. The downward revisions to recreation for 1998 and 1999 were primarily to subcategories of "other" recreation, reflecting SAS data for 1998 that were benchmarked to the 1997 Economic Census and preliminary tabulations from the SAS for 1999. The downward revision to household operation services for 1999 reflected small downward revisions to several subcomponents that were partly offset by an upward revision to telephone and telegraph that was primarily based on new trade source data on cellular telephone revenues. Incorporating Source Data on the Basis of "Best Change" As is usual in annual NIPA revisions, this revision covered the most recent 3 calendar years—1997-99 (and the first quarter of 2000). The NIPA estimates before 1997 will not be revised until the next comprehensive revision, which is tentatively scheduled for 2003. The annual revisions are limited to the most recent 3 years in order to coincide with the availability of major source data, particularly the Internal Revenue Service tabulations of income tax returns for corporations, and to reduce the frequency of revisions to the historical estimates (for example, revisions to the pre-1996 chain-type price and quantity measures are avoided because the estimates for 1996, the reference year, are not revised). In this year's annual revision, there were several instances in which source data were revised for years prior to 1997 or new source data became available that would have led to revisions for prior years. For example, on July 3, 2000, the Census Bureau released revised data on the value of construction put in place back to 1983. In addition, detailed data from the 1997 Economic Census have become available since last year's comprehensive NIPA revision; if these data had been available for the comprehensive revision, incorporating them would have resulted in revisions to the pre-1997 NIPA estimates.1 If the levels of the data from the quinquennial economic censuses differ from those from the annual surveys, such as the service annual survey, the annual data are usually benchmarked to the census data, so the annual estimates for the intercensal years are revised. The new and revised source data that would have affected the NIPA estimates before 1997 are incorporated into the estimates for 1997-99 on either a "best-level" basis or a "best-change" basis. Incorporating the source data on a best-level basis provides estimates that are more 1. The 1997 Economic Census data that were incorporated in the 1999 comprehensive NIPA revision were preliminary retail sales data, which were used in the estimation of personal consumption expenditures for goods, and preliminary data on shipments of computers, which were used in the estimation of nonresidential fixed investment. For more information, see Eugene P. Seskin, "Improved Estimates of the National Income and Product Accounts for 1959-98: Results of the Comprehensive Revision," SURVEY OF CURRENT BUSINESS 79 (December 1999): 15-43. Several years ago, BE A implemented a program, as described in its strategic plan, to speed up the compilation of its benchmark input-output accounts and the benchmarking of the NIPA's to those accounts. This goal was met with the release of the 1992 benchmark input-output accounts in late 1997 and the release of the comprehensive NIPA revision in October 1999. As a consequence, much of the data from the 1997 Economic Census were not available in time to be fully incorporated in the NIPA comprehensive revision. consistent with the source data, but it results in a discontinuity between the estimates for 1996 and those for 1997; this discontinuity distorts the measure of the change in the estimates. Incorporating the source data on a best-change basis provides accurate measures of the change in the estimates for all periods, but it results in levels of the estimates that are not fully consistent with the source data. In general, BEA incorporates the source data on a bestchange basis in order to preserve accurate estimates of growth and consistent time series.2 For example, the NIPA estimate of investment in single-family structures of $159.1 billion for 1996 is based on the previously published Census Bureau data on the value of construction put in place. The revised Census Bureau data are $170.8 billion for 1996 and $175.2 billion for 1997. On a bestchange basis, the revised NIPA estimate of $163.2 billion for 1997 was calculated by applying the 2.6-percent growth rate from 1996 to 1997 in the revised Census Bureau data to the NIPA estimate for 1996 (that is, 163.2 = 1.026 x 159.1). Thus, the correct period-to-period change for 1996 to 1997 is preserved, but the level of the NIPA estimate for 1997 is now $12 billion lower than the level of the Census Bureau data. In the next comprehensive NIPA revision, the estimates of all components will be based on the best levels of the benchmark source data series, such as the benchmark input-output accounts. For most components of GDP, rough calculations suggest that when the estimates for 1997 are computed on a best-level basis, rather than on a best-change basis, the resulting revisions will generally be small. These rough calculations suggest that the largest revisions for 1997 will be to the following components: Nonresidential fixed investment in prepackaged software, up about $13 billion, based on differences between the levels of the 1997 Service Annual Survey and the 1997 Economic Census; residential fixed investment, up about $12 billion, based on revisions to Census Bureau data on the value of construction put in place; and personal consumption expenditures for services, up about $7 billion, based on differences between the levels of the 1997 Service Annual Survey and the 1997 Economic Census. More precise estimates of these revisions will be available after the 1997 benchmark input-output accounts are completed. 2. However, the NIPA estimates of foreign transactions incorporate the annual revision of the international transactions accounts on the best-level basis in order to maintain consistency in BEA's published estimates. SURVEY OF CURRENT BUSINESS Nonresidential structures.—Nonresidential structures was revised up for all 3 years: $1.7 billion for 1997, $10.4 billion for 1998, and $12.2 billion for 1999. For 1998, upward revisions to gas utilities and to industrial structures accounted for most of the revision. For 1999, upward revisions to industrial structures and to gas utilities more than offset a downward revision to petroleum and natural gas well drilling and exploration. The revisions to industrial structures and gas utilities reflected the incorporation of revised Census Bureau data on the value of construction put in place.3 The revision to petroleum and natural gas well drilling and exploration reflected newly incorporated trade source data on drilling footage and newly incorporated prices that are used to calculate the currentdollar estimates. Equipment and software.—Equipment and software was revised up for all 3 years: $11.5 billion for 1997, $5.8 billion for 1998, and $24.0 billion for 1999. For 1997, the revision was accounted for by upward revisions to information processing equipment and software and to "other" equipment. Within information processing equipment and software, upward revisions to software and to computers and peripheral equipment were partly offset by a downward revision to "other." For 1998, upward revisions to information processing equipment and software and to "other" equipment were partly offset by a downward revision to transportation equipment—specifically, aircraft. Within information processing equipment and software, a large upward revision to software was partly offset by downward revisions to "other," to computers and peripheral equipment, and to communication equipment. For 1999, a large upward revision to information processing equipment and software was partly offset by a downward revision to transportation equipment. Within information processing equipment and software, a large upward revision to software was partly offset by downward revisions to "other," to computers and peripheral equipment, and to communication equipment. Within transportation equipment, downward revisions to trucks, buses, and truck trailers and to aircraft were partly offset by an upward revision to autos. Within information processing equipment and software, the revisions to computers and periph3. The Census Bureau data on value of construction put in place are the major source data for the estimates of both nonresidential and residential structures. The revised structures estimates were based on the "best period-to-period change" rather than the "best level" of the appropriate Census series (see the box "Incorporating Source Data on the Basis of'Best Change'"). August 2000 • eral equipment, to communication equipment, and to "other" reflected newly available Census Bureau data from the 1997 Economic Census and the 1998 Annual Survey of Manufactures. The revisions to software reflected newly available Census Bureau data from the 1997 Economic Census, the 1998 Service Annual Survey, and the unpublished BLS National Industry-Occupation Employment Matrix. Within transportation equipment, the revision to trucks, buses, and truck trailers reflected a revision to the business share of light truck purchases, which is calculated from trade source data. The revision to autos was primarily accounted for by improved estimates of average expenditure per unit that were based on more detailed price data by model. The revisions to aircraft reflected product shipments data from the Census Bureau 1998 Annual Survey of Manufactures and revised product shipments data from the Census Bureau current industrial reports. The revisions to "other" equipment reflected newly available data from the 1997 Economic Census and the 1998 Annual Survey of Manufactures. Residential fixed investment.—Residential fixed investment was revised down for all 3 years: $1.0 billion for 1997, $3.3 billion for 1998, and $7.5 billion for 1999. For all 3 years, the revisions were primarily accounted for by single-family structures, reflecting revised Census Bureau data on the value of construction put in place.4 Change in private inventories.—Change in private inventories is calculated by adjusting inventories reported by businesses on a book-value basis to a current-period replacement-cost basis by removing inventory profits and losses.5 Change in private inventories was revised down $5.4 billion for 1997, was revised up $5.8 billion for 1998, and was revised down $1.3 billion for 1999. The revisions to change in farm inventories were negligible for 1997 and 1998; for 1999, the change was revised down $3.6 billion, reflecting newly available U.S. Department of Agriculture data on the composition and timing of crop market sales.6 The change in private nonfarm inventories was revised down $5.7 billion for 1997, was revised up 4. See footnote 3. 5. The inventory valuation adjustment, which is calculated as the change in private inventories less the change in book values, reflects inventory price changes for firms that value inventory withdrawals at acquisition (historical) cost. 6. The inventory valuation adjustment is not needed for farm inventories, because they are measured on a current-market-price basis. 17 18 August 2000 SURVEY OF CURRENT BUSINESS $5.5 billion for 1998, and was revised up $2.2 billion for 1999. For 1997, the revision was more than accounted for by a downward revision to the change in book value for manufacturing, reflecting newly available data from the 1997 Economic Census. For 1998, upward revisions to the change in book value for retail trade, for manufacturing, and for "other than manufacturing and trade" more than offset a downward revision to the inventory valuation adjustment (IVA), which was in manufacturing and in wholesale trade. The revisions to the change in book value reflected newly available data from the Census Bureau annual survey of manufactures and annual retail trade survey and newly available inventory data from IRS tabulations of corporate and of sole proprietorship and partnership tax returns for 1998. The revisions to the IVA's for manufacturing and for wholesale trade reflected revised acquisition costs. For 1999, the upward revision was mostly accounted for by an upward revision to the change in book value for retail trade, reflecting revised monthly data from the Census Bureau monthly retail trade survey. Net exports of goods and services.—Net exports of goods and services was revised down for all 3 years: $1.0 billion for 1997, $1.9 billion for 1998, and $0.1 billion for 1999. For 1997, the revision was more than accounted for by a downward revision to exports of services. For 1998, the revision was mostly accounted for by an upward revision to imports of services. For 1999, a downward revision to exports of services was mostly offset by a downward revision to imports of services. For all 3 years, the revisions primarily reflected incorporation of revised data from BEA's international transactions accounts (ITA's) (see the section "Changes in Methodology"). Government consumption expenditures and gross investment.—Government consumption expenditures and gross investment was revised up for all 3 years: $6.9 billion for 1997, $11.2 billion for 1998, and $4.3 billion for 1999. Federal Government consumption expenditures and gross investment was revised up for 1997, was revised up for 1998, and was revised down for 1999. For 1998, the upward revision reflected small upward revisions to both nondefense and defense consumption expenditures and gross investment. For 1999, the downward revision was more than accounted for by a downward revision to nondefense consumption expenditures and gross investment. Within nondefense consumption expenditures and gross investment, a downward revision to "other" services was partly offset by an upward revision to nondefense equipment and software investment; the revisions primarily reflected revised Federal budget data for fiscal year 1999 and preliminary budget data for fiscal year 2000. State and local government consumption expenditures and gross investment was revised up for all 3 years. The upward revisions were primarily to investment, specifically to structures, reflecting the incorporation of revised Census Bureau data on the value of construction put in place. Consumption expenditures was revised up by small amounts for 1997 and for 1998 and was revised down $2.4 billion for 1999. Within consumption expenditures, for 1997 and for 1998, upward revisions to compensation of employees were partly offset by downward revisions to nondurable goods and to "other" services. For 1999, downward revisions to nondurable goods and to "other" services more than offset an upward revision to compensation of employees. For all 3 years, the revisions to nondurable goods and to "other" services reflected the incorporation of new and revised data from Census Bureau surveys of State and local governments; the upward revisions to compensation of employees were primarily to employer contributions to group health insurance, resulting from incorporating new data from the medical expenditure panel survey (see the section "Changes in Methodology"). Net receipts of income.—Net receipts of income from the rest of the world, which is excluded from GDP but included in gross national product, was revised up for all 3 years: $2.9 billion for 1997, $6.4 billion for 1998, and $9.0 billion for 1999. Income receipts from the rest of the world was revised down for 1997, was revised up for 1998, and was revised up for 1999; income payments was revised down for all 3 years. These revisions reflected the incorporation of the annual revision of the ITA's: For income receipts, primarily updated source data—including the final results from the U.S. Treasury Department's Benchmark Survey of U.S. Portfolio Investment Abroad as of December 31, 1997—and a newly developed adjustment to account for the undercoverage of securities transactions; for income payments, primarily updated SURVEY OF CURRENT BUSINESS source data. (For more information about the revision of the ITA's, see the section "Changes in Methodology.") Gross national product (GNP).—GNP was revised up for all 3 years: $20.4 billion, or 0.2 percent, for 1997; $36.7 billion, or 0.4 percent, for 1998; and $52.0 billion, or 0.6 percent, for 1999. These revisions to GNP were larger than those to GDP, reflecting the upward revisions to net receipts of income. Gross domestic income (GDI).—GDI, which measures the costs incurred and the incomes earned in the production of GDP, was revised down $15.3 billion for 1997, was revised up $7.5 billion for 1998, and was revised down $10.2 billion for 1999 (see the addenda to table 3). For 1997, the downward revision to GDI reflected downward revisions to supplements to wages and salaries and to domestic corporate profits with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj) that more than offset upward revisions to domestic net interest, to consumption of fixed capital (CFC), and to proprietors' income with IVA and CCAdj. For 1998, the upward revision to GDI reflected upward revisions to domestic net interest, to proprietors' income with IVA and CCAdj, to CFC, to wage and salary accruals, and to indirect business tax and nontax liability that more than offset downward revisions to domestic corporate profits with IVA and CCAdj, to supplements to wages and salaries, and to rental income of persons with CCAdj. For 1999, the downward revision to GDI reflected downward revisions to domestic corporate profits, to supplements to wages and salaries, and to rental income of persons that more than offset upward revisions to domestic net interest, to CFC, to proprietors' income, and to wage and salary accruals. August 2000 ancy was revised from -$47.6 billion to -$24.8 billion (from -0.5 percent to -0.3 percent of GDP), primarily reflecting an upward revision to GDP. For 1999, the statistical discrepancy was revised from -$125.1 billion to -$71.9 billion (from -1.4 percent to -0.8 percent of GDP), primarily reflecting an upward revision to GDP. Compensation of employees.—Compensation of employees was revised down for all 3 years: $24.4 billion for 1997, $27.0 billion for 1998, and $31.9 billion for 1999. For all 3 years, the downward revisions were more than accounted for by downward revisions to other labor income. For 1997 and 1998, the revisions to other labor income were to employer contributions to group health insurance, reflecting a new data source—the medical expenditure panel survey (see the section "Changes in Methodology")—and to employer contributions to pension and profit-sharing plans, reflecting newly available Department of Labor tabulations of IRS data on these contributions.8 For 1998, the downward revision to other labor income was partly offset by an upward revision to wage and salary accruals, reflecting newly available source data for industries not covered by State unemployment insurance. For 1999, the downward revisions to other labor income and to government wage and salary accruals were partly offset by an upward revision to the adjustment "wage accruals less disbursements," which reflected newly available BLS tabulations of wages and salaries of employees covered by State unemployment insurance.9 Proprietors' income with IVA and CCAdj.—Proprietors' income with IVA and CCAdj was revised up for all 3 years: $2.6 billion for 1997, $14.6 billion for 1998, and $5.0 billion for 1999. For 1997 and 1998, the upward revisions were mostly accounted for by nonfarm proprietors5 income. For 1999, an Statistical discrepancy.—Revisions to the statistical upward revision to nonfarm proprietors' income discrepancy reflect differences between the reviwas partly offset by a downward revision to farm proprietors' income. sions to GDP and those to GDI.7 For all 3 years, the revisions to GDP were larger (in absolute value) than those to GDI. For 1997, the statistical discrep8. For 1999, the revision cannot be attributed to the same level of component ancy was revised from -$3.2 billion to $29.7 billion detail as those for 1997 and 1998, because for 1999, the previously published estimates were prepared at a less detailed level. (from zero percent to 0.4 percent of GDP), reflect9. Wage accruals less disbursements (WALD) is the difference between wages earned, or accrued, and wages paid, or disbursed. In the NIPA's, wages accrued ing an upward revision to GDP and a downward is the appropriate measure for national income, and wages disbursed is the revision to GDI. For 1998, the statistical discrepappropriate measure for personal income. To estimate WALD, BEA converts 7. For a further discussion, see the box "The Statistical Discrepancy," SURVEY 77 (August 1997): 19. annual disbursements data based on BLS tabulations of wages and salaries to an accrual basis. WALD consists of BEA estimates of bonus payments that are declared at the end of a year but that are actually paid the next year. 19 20 • August 2000 SURVEY OF CURRENT BUSINESS The revisions to nonfarm proprietors' income primarily reflected newly incorporated IRS tabulations of sole proprietorship and partnership tax return data for 1998. The CCAdj for nonfarm proprietors' income was revised down for 1997, was revised up for 1998, and was revised up for 1999. (The CCAdj converts depreciation as reported on income tax returns to depreciation based on the replacement cost of the fixed assets; see "Consumption of fixed capital.") The revision to farm proprietors' income primarily reflected newly incorporated information from the U.S. Department of Agriculture. Rental income of persons with CCAdj.—Rental income of persons with CCAdj was revised down for all 3 years: $1.9 billion for 1997, $2.0 billion for 1998, and $2.5 billion for 1999. For 1997 and for 1999, the revisions were primarily accounted for by rental income of persons (without CCAdj) and resulted from upward revisions to several categories of residential housing expenses—mainly property taxes, origination fees, and other closing costs—and from downward revisions to royalties, all reflecting the incorporation of data from regular sources. For 1998, about half of the revision was accounted for by a revision to the CCAdj that reflected revised prices for residential housing. Corporate profits with IVA and CCAdj.—Corporate profits with IVA and CCAdj was revised down for all 3 years: $4.7 billion for 1997, $33.4 billion for 1998, and $36.7 billion for 1999. Most of the downward revisions were accounted for by profits before tax. For 1997, the CCAdj was also revised down. For 1998, the CCAdj and the IVA were both revised down. For 1999, a downward revision to the CCAdj accounted for about half of the revision; the IVA was revised up. (For more information on the CCAdj, see "Consumption of fixed capital") Corporate profits before tax was revised down for all 3 years, as downward revisions to domestic profits more than offset upward revisions to restof-the-world profits. The revisions to domestic profits primarily reflected revised IRS tabulations of corporate tax returns for 1997, newly available preliminary tabulations for 1998, and other data from regular sources. The revisions to the rest-ofthe-world profits were primarily accounted for by downward revisions to payments on foreign investment in the United States; for 1999, an upward revision to receipts from U.S. investment abroad also contributed. The revisions to the rest-of-theworld profits reflected the incorporation of the annual revision of the ITA's. Net interest—Net interest was revised up for all 3 years: $11.4 billion for 1997, $47.0 billion for 1998, and $39.6 billion for 1999.10 For 1997, the upward revision was accounted for by a downward revision to monetary interest received by domestic business—primarily by financial corporations—and by an upward revision to imputed interest paid by domestic business— primarily by life insurance carriers. For 1998, the upward revision was accounted for by upward revisions to monetary interest paid by domestic business—primarily by financial corporations—and to imputed interest paid by domestic business—primarily by life insurance carriers—and by downward revisions to imputed interest received by domestic business and to monetary interest received by the rest of the world. The revisions to monetary interest reflected revised and newly available IRS tabulations of corporate tax return data. The revisions to imputed interest reflected newly incorporated regular source data. The revision to rest-of-the-world interest reflected the annual revision of the ITA's. For 1999, the upward revision was accounted for by the revised 1998 levels and by newly incorporated regular source data, mainly reports from financial regulatory agencies.11 Consumption of fixed capital (CFC).—CFC—that is, the charge for the using up of private and government fixed capital—was revised up for all 3 years: $4.2 billion for 1997, $12.7 billion for 1998, and $25.2 billion for 1999. The relatively large upward revisions to the private component of CFC and the smaller upward revisions to the government component reflected the incorporation of revised BEA estimates of fixed investment, primarily for software, and of prices. (The estimates of investment and prices are direct inputs into the calculation of both private and government net capital stocks, which are used to calculat the CFC.) Private capital consumption allowances (CCA)—that is, tax-return-based depreciation for 10. Net interest is calculated as the sum of monetary interest paid by domestic business and by the rest of the world and imputed interest paid by domestic financial corporate business, less monetary interest received by domestic business and by the rest of the world and imputed interest received by domestic business and by the rest of the world. 11. For 1999, the revision cannot be attributed to the same level of component detail as for 1998, because for 1999, the previously published estimates were prepared at a less detailed level. SURVEY OF CURRENT BUSINESS corporations and nonfarm proprietorships and historical-cost depreciation (using consistent service lives) for farm proprietorships, rental income of persons, and nonprofit institutions—was revised up for all 3 years: $0.5 billion for 1997, $5.1 billion for 1998, and $9.4 billion for 1999. For all 3 years, the revisions primarily reflected revised BEA estimates of software investment, which is not included in IRS depreciation for corporations or for nonfarm proprietors and partnerships. For 1998, the revision also reflected newly available IRS tax return data for nonfarm proprietorships and partnerships. For 1999, the revision also reflected revised BEA projections of IRS depreciation and amortization using BEA estimates of investment flows and IRS service lives and depreciation conventions. Private capital consumption adjustment (CCAdj), which is derived as the difference between private CCA and private CFC, was revised down for all 3 years: $3.3 billion for 1997, $5.8 billion for 1998, and $12.3 billion for 1999. Nonfactor income.—Nonfactor income—which comprises indirect business tax and nontax liability, business transfer payments, and "subsidies less current surplus of government enterprises"—was revised up for all 3 years: $0.2 billion for 1997, $1.8 billion for 1998, and $0.2 billion for 1999. For 1998, the revision primarily reflected an upward revision to indirect business taxes that was partly offset by an upward revision to "subsidies less current surplus of government enterprises," which is subtracted in aggregating nonfactor incomes. For 1999, an upward revision to indirect business taxes was offset by an upward revision to "subsidies less current surplus of government enterprises." For all 3 years, the revisions to business transfer payments were negligible. For all 3 years, the revisions to indirect business taxes reflected upward revisions to State and local indirect business taxes that were partly offset by downward revisions to Federal indirect business taxes. The revisions to State and local indirect business taxes were mostly accounted for by property taxes and reflected newly available and revised data from Census Bureau surveys of State and local governments. The revisions to Federal indirect business taxes were mostly accounted for by excise taxes and reflected newly incorporated data from the Treasury Department. For 1999, the revision to subsidies less current surplus of government enterprises reflected up- August 2000 • ward revisions to both the Federal component, based on newly incorporated data on outlays from the Monthly Treasury Statement, and the State and local component, based on data from Census Bureau annual surveys of State and local governments. National income.—National income—income that originates from production—was revised down for all 3 years: $17.1 billion for 1997, $0.7 billion for 1998, and $26.6 billion for 1999. These revisions reflected the previously described revisions to compensation of employees, proprietors' income, rental income of persons, corporate profits, and net interest. Personal income and its disposition.—Personal income—income received by persons from participation in production, from government and business transfer payments, and from government interest—was revised down $14.1 billion for 1997, was revised up $32.1 billion for 1998, and was revised down $2.2 billion for 1999. These revisions partly reflected the previously described revisions to the components "of national income that are included in personal income—wage and salary disbursements, other labor income, proprietors' income, and rental income of persons—and to the components of personal income—personal dividend income and personal interest income—that are derived from related components of national income. The revisions also resulted from revisions to transfer payments to persons and to personal contributions for social insurance. Personal dividend income—which consists of dividend income received by persons from all sources and which equals national income dividends less dividends received by government—was revised up for all 3 years: $1.5 billion for 1997, $2.8 billion for 1998, and $6.0 billion for 1999. These revisions reflected newly incorporated IRS tabulations of corporate tax return data, the annual revision of the ITA's, and data from public financial statements. Personal interest income—which consists of monetary and imputed interest received by persons from all sources and which equals net interest plus interest paid by persons and interest paid by government less interest received by government—was revised up for all 3 years: $9.1 billion for 1997, $43.0 billion for 1998, and $32.4 billion for 1999.12 These revisions reflected the previously described upward revisions to net interest and also 21 22 • August 2000 SURVEY OF CURRENT BUSINESS upward revisions to interest paid by government that more than offset downward revisions to interest paid by persons and upward revisions to interest received by government. The revisions to interest paid by persons reflected revised data on consumer credit from the Federal Reserve Board. The upward revisions to interest paid by government and to interest received by government were more than accounted for by revisions to State and local government interest paid and received, reflecting new and revised data from Census Bureau surveys of State and local governments. Transfer payments to persons was revised down for all 3 years: $0.2 billion for 1997, $0.6 billion for 1998, and $2.0 billion for 1999. For 1999, the revision resulted from a downward revision to Federal benefits for hospital and supplementary medical insurance (medicare) that more than offset an upward revision to State and local government benefits for medical care. The revision to Federal medicare benefits reflected newly incorporated data from the Treasury Department. The revision to State and local government medical care transfer payments reflected newly incorporated data on payments for medicaid from the Health Care Financing Administration. Personal contributions for social insurance— which is subtracted in calculating personal income—was revised down $0.2 billion for 1997, was revised up $0.3 billion for 1998, and was revised up $3.9 billion for 1999. For 1999, the revision was attributable to an upward revision to personal contributions for Federal old-age, survivors, disability, and health insurance trust funds (social security), reflecting new taxable wage data from the Social Security Administration. Personal tax and nontax payments was revised up $0.5 billion for 1997, was revised down $1.7 billion for 1998, and was revised down $0.1 billion for 1999. For 1997, an upward revision to Federal Government tax and nontax payments more than offset a downward revision to State and local government tax payments. For 1998 and 1999, downward revisions to State and local tax and nontax payments more than offset upward revisions to Federal Government tax payments. The revisions to State and local tax and nontax payments reflected new and revised data from Census Bureau surveys of State and local govern12. Personal interest income includes income received by publicly administered government employee retirement plans. For a discussion of the treatment of these plans, see Moulton, Parker, Seskin, "Definitional and Classificational Changes," 11-12. ments. The revisions to Federal Government tax payments reflected newly incorporated data from the Treasury Department. Reflecting the revisions to personal income and to personal tax and nontax payments, disposable personal income (DPI) was revised down $14.6 billion for 1997, was revised up $33.8 billion for 1998, and was revised down $2.0 billion for 1999. Personal outlays—PCE, interest paid by persons, and "personal transfer payments to the rest of the world (net)"—was revised up $3.6 billion for 1997, was revised down $1.9 billion for 1998, and was revised up $6.8 billion for 1999. For 1997 and for 1999, upward revisions to PCE and to "personal transfer payments to the rest of the world (net)" more than offset downward revisions to interest paid by persons. For 1998, a downward revision to interest paid by persons more than offset upward revisions to PCE and to "personal transfer payments to the rest of the world (net)." Personal saving—the difference between DPI and personal outlays—was revised down $18.2 billion for 1997, was revised up $35.7 billion for 1998, and was revised down $8.7 billion for 1999. For 1997, the downward revision to personal saving reflected the downward revision to DPI and the upward revision to personal outlays. For 1998, the upward revision reflected the upward revision to DPI and the downward revision to personal outlays. For 1999, the downward revision reflected the upward revision to personal outlays and the downward revision to DPI. The revisions to the personal saving rate—personal saving as a percentage of DPI—were similar to those for personal saving; the rate was revised down from 4.5 percent to 4.2 percent for 1997, was revised up from 3.7 percent to 4.2 percent for 1998, and was revised down from 2.4 percent to 2.2 percent for 1999. Gross saving and investment.—Gross saving was revised down $19.0 billion for 1997, was revised up $8.4 billion for 1998, and was revised down $9.5 billion for 1999. Gross saving as a percentage of GNP was revised down 0.3 percentage point to 18.0 percent for 1997, was unrevised at 18.8 percent for 1998, and was revised down 0.2 percentage point to 18.5 percent for 1999. For 1997, the revision to gross saving reflected downward revisions to gross private saving and to gross government saving. Within gross private saving, downward revisions to personal saving and to undistributed profits with IVA and CCAdj more than offset an upward revision to corporate con- SURVEY OF CURRENT BUSINESS sumption of fixed capital (CFC). Within gross government saving, an upward revision to the Federal Government current deficit was largely offset by an upward revision to the State and local government current surplus. For 1998, gross private saving and gross government saving were both revised up. Within gross private saving, upward revisions to personal saving, to corporate CFC, and to noncorporate CFC more than offset a large downward revision to undistributed profits with IVA and CCAdj. The upward revision to gross government saving was largely accounted for by an upward revision to the Federal Government current surplus. For 1999, a downward revision to gross private saving more than offset an upward revision to gross government saving. Within gross private saving, downward revisions to undistributed profits with IVA and CCAdj and to personal saving more than offset upward revisions to corporate CFC, to noncorporate CFC, and to the adjustment "wage accruals less disbursements." The upward revision to gross government saving reflected upward revisions to the Federal Government current surplus, to the Federal Government CFC, and to the State and local government CFC. Gross investment—the sum of gross private domestic investment, gross government investment, and net foreign investment—was revised up for all 3 years: $14.0 billion for 1997, $31.2 billion for 1998, and $43.6 billion for 1999. For all 3 years, all the components were revised up. Annual price estimates Revisions to the chain-type price indexes result from the incorporation of newly available and revised source data, the introduction of methodological changes that affect the use of source data, and the regularly scheduled incorporation of annual weights for the most recent year (1999). In this annual revision, the source data for price indexes that were used for deflation and the source data that affected implicit prices were revised.13 Methodological changes included a change in the deflator for imports of computers, beginning with 1999, and a change in the deflator for petroleum and gas well drilling and exploration, beginning with 2000 (see the section "Changes in Methodology"). In addition, the prices used for deflation reflected updated seasonal adjustment factors. 13. The implicit prices are computed by dividing the current-dollar estimates by the chained-dollar estimates that are derived from the quantity data used in quantity extrapolation and direct valuation. August 2000 • Newly available source data resulted in revisions to the implicit prices for four types of PCE for services—automobile insurance, health insurance, brokerage and investment charges, and "services furnished without payment by financial intermediaries except life insurance carriers"—and for Federal Government and State and local government compensation of employees. The revisions to most of these prices reflected the previously discussed revisions to the corresponding current-dollar estimates. The level of the chain-type price index for gross domestic purchases was revised up for all 3 years: 0.03 index point to 101.64 for 1997, 0.10 index point to 102.45 for 1998, and 0.22 index point to 104.08 for 1999. Reflecting these revisions in level, the annual percent increase in the index was unrevised at 1.6 percent for 1997, was revised up 0.1 percentage point to 0.8 percent for 1998, and was revised up 0.1 percentage point to 1.6 percent for 1999 (see the addendum to table 4). For all 3 years, the revisions to the annual percent increase in the chain-price index for GDP were the same as those to the chain-price index for gross domestic purchases. The largest contributor to the upward revisions to the percent change in gross domestic purchases prices was the upward revision to PCE for services. Within PCE for services, the largest contributor was "services furnished without payment by financial intermediaries except life insurance carriers." By major component of GDP, the largest revisions were to the percent change in the price index for Federal nondefense consumption expenditures and gross investment, which was revised up 0.5 percentage point for 1997, was revised down 0.3 percentage point for 1998, and was revised down 0.8 percentage point for 1999; compensation of employees accounted for the revisions. The only other major GDP component that was revised by more than 0.3 percentage point was State and local government expenditures and gross investment, which was revised up 0.4 percentage point for 1997; compensation of employees also accounted for this revision. Annual real GDP estimates In general, revisions to real GDP reflect four factors: (1) Revisions to the current-dollar components of GDP for which chained-dollar estimates are prepared by deflation, (2) revisions to the prices used in deflation, (3) revisions to the quantities used to estimate components of real GDP by 23 24 • August 2000 SURVEY OF CURRENT BUSINESS Table 4.—Revisions to Percent Change in GDP, Real GDP, and Price Indexes (Chain-Type Weights) [Percent change from preceding period] 1997 1996 Prevously published Revised 1999 1998 Prevously published Revision Revised Revision Prevously published Revised Revision Current dollars 5.6 6.2 6.5 0.3 5.5 5.7 0.2 5.7 5.8 0.1 Personal consumption expenditures . Durable goods Nondurable goods Services 5.4 4.5 5.1 5.7 5.5 4.3 4.3 6.3 5.6 4.2 4.3 6.5 .1 -.1 0 .2 5.9 8.6 4.1 6.2 5.8 8.0 4.0 6.3 -.1 -.6 -.1 .1 7.0 8.7 7.9 6.2 7.1 9.7 8.1 6.2 .1 1.0 .2 0 Gross private domestic fixed investment. Nonresidential Structures Equipment and software Residential 9.2 9.0 9.9 8.7 9.7 8.5 9.6 12.9 8.5 5.1 9.5 1.0 6.9 .2 8.6 .8 1.8 -.3 10.9 10.8 10.7 10.8 11.3 9.1 1.5 .8 11.0 10.7 7.4 11.8 12.0 8.1 11.1 13.7 10.3 4.8 9.1 11.5 11.3 10.5 1.0 1.7 .6 2.2 -1.0 Net exports of goods and services . Exports Imports 6.8 6.7 10.7 9.7 10.6 9.6 -1 -1 -.2 5.6 0 5.8 3.3 12.2 2.5 11.3 Government consumption expenditures and gross investment Federal National defense Nondefense State and local 3.6 1.9 1.8 2.1 4.7 4.2 1.2 -1.3 6.1 5.9 3.3 .2 -1.1 2.6 5.1 3.6 .4 6.6 6.1 5.9 4.6 8.4 6.9 5.2 4.5 6.3 6.5 4.2 4.2 5.3 12.4 5.6 3.7 Gross domestic product. !i 3.3 -1.0 -.7 Change in private inventories 4.6 1.2 -1.2 6.3 6.7 -1.0 3.1 5.3 -.5 -.7 -.1 -2.1 -.4 Chained (1996) dollars Gross domestic product. Personal consumption expenditures . Durable goods Nondurable goods Services Gross private domestic fixed investment. Nonresidential Structures Equipment and software Residential 3.6 4.2 4.4 3.2 5.6 2.9 2.8 3.4 6.6 2.9 3.1 3.6 6.6 2.9 3.3 9.3 10.0 7.1 11.0 7.4 8.5 10.7 8.5 11.5 2.3 8.2 8.6 12.5 13.7 12.3 13.7 1.1 -.9 -1.3 0 2.3 2.2 -.2 -2.5 4.5 3.7 2.4 -.4 9.6 12.2 9.1 13.3 2.0 4.3 4.4 4.9 4.7 10.6 4.0 3.9 -.2 -.7 0 -.2 5.3 11.5 5.4 4.0 11.8 13.0 7.2 15.0 8.3 0 8.1 8.3 -2.4 12.0 7.4 -1.4 6.4 1.1 1.8 1.0 2.1 -1.0 2.3 11.9 3.8 11.7 2.9 10.7 -.9 -1.0 2.1 -.5 3.7 2.8 1.8 4.7 4.2 3.3 2.5 2.0 3.4 3.8 -.4 -.3 .2 -1.3 -.4 11.3 4.0 4.1 1.1 1.5 .6 1.8 —3 11.8 12.7 4.1 15.8 9.2 .3 3.1 9.2 10.1 14.1 0 .9 .2 -.3 Change in private inventories Net exports of goods and services . Exports Imports Government consumption expenditures and gross investment Federal National defense Nondefense State and local 2.2 -.2 0 11.6 1.7 -.9 -1.9 .9 3.2 -2.6 4.2 4.0 -1.7 1.8 3.6 Chain-type price indexes 1.9 1.9 1.9 Personal consumption expenditures. Durable goods Nondurable goods Services 2.1 -1.0 2.1 2.8 2.0 -2.2 1.3 3.2 1.9 -2.3 1.3 3.1 Gross private domestic fixed investment. Nonresidential Structures Equipment and software Residential -.1 -.9 2.7 -2.1 2.1 Gross domestic product. -.1 -.1 -1.0 4.1 -2.6 2.7 -1.0 4.2 -2.7 2.7 -1.5 -1.5 1.2 1.3 1.4 1.5 -.1 -.1 0 -.1 .9 ^2.4 0 2.1 1.1 -2.4 0 2.3 1.6 -2.6 2.3 2.1 1.8 -2.4 2.3 2.4 .2 .2 0 0 -.8 -1.8 3.1 -3.4 2.6 -.8 -1.9 3.3 -.1 -.1 0 -.3 0 -.1 .1 -.1 0 -3.6 2.8 0 -.1 .2 -.2 .2 0 -1.3 2.6 -2.5 3.9 -2.5 3.8 -2.3 -5.3 -2.2 -5.4 .1 -.1 -.5 .4 -.4 .6 1.5 1.4 1.0 .8 1.3 1.7 -.1 -.1 0 -.3 -.1 2.7 3.0 2.7 3.6 2.5 2.6 2.6 2.5 2.8 2.7 1.5 1.6 -1.3 2.3 Change in private inventories Net exports of goods and services . Exports Imports Government consumption expenditures and gross investment Federal National defense Nondefense State and local 2.5 2.9 3.2 2.2 2.3 1.9 1.3 1.2 1.6 2.2 2.2 1.6 1.4 2.1 2.6 Addendum: Gross domestic purchases , 1.8 1.6 1.6 1.1 .8 1.6 1.8 -.1 -.4 -.2 SURVEY OF CURRENT BUSINESS extrapolation or direct valuation, and (4) revisions resulting from the use of revised and updated weights in the calculation of real GDP. For the GDP components for which chaineddollar estimates are prepared by extrapolation or direct valuation, the current-dollar and chaineddollar estimates are based on independent source data; consequently, the corresponding revisions are unrelated.14 Thus, differences between the current-dollar revisions and the chained-dollar revisions to these components are reflected as revisions to their implicit prices. In this annual revision, the revisions to the current-dollar GDP estimates are larger than those to the chained-dollar GDP estimates, resulting in upward revisions to the implicit prices. The annual percent change in real GDP was revised up 0.2 percentage point to 4.4 percent for 1997, was revised up 0.1 percentage point to 4.4 percent for 1998, and was unrevised at 4.2 percent for 1999 (table 4). For 1997, the largest contributors to the upward revision to real GDP growth were fixed investment in equipment and software, PCE for services, and State and local government consumption expenditures and gross investment; the contributions of these components were partly offset by a downward revision to change in private inventories. For 1998, the largest contributors to the upward revision to real GDP growth were change in private inventories, nonresidential structures, State and local government consumption expenditures and gross investment, and Federal consumption expenditures and gross investment; the contributions of these components were partly offset by downward revisions to PCE for services, to PCE for goods, to investment in equipment and software, and to residential investment and by an upward revision to imports of goods and services (which is subtracted in the calculation of GDP). For 1999, the contributions of an upward revision to investment in equipment and software, of a downward revision to imports of goods and services, and of upward revisions to PCE for goods and to nonresidential structures were offset by downward revisions to PCE for services, to exports of goods and services, to State and local government consumption expenditures and gross investment, to residential investment, and to change in private inventories. 14. For a list of these components, see table 2 in "Updated Summary NIPA Methodologies," SURVEY 78 (September 1998): 14-35. An updated version of this table will be published in the October 2000 SURVEY. August 2000 • Revisions to the components of real GDP.—The annual percent change in real PCE was revised up 0.2 percentage point to 3.6 percent for 1997, was revised down 0.2 percentage point to 4.7 percent for 1998, and was unrevised at 5.3 percent for 1999. For 1997, the upward revision was mostly accounted for by an upward revision to PCE for services (medical care services). For 1998, the downward revision was the result of widespread downward revisions to PCE for durable goods and to PCE for services. For 1999, upward revisions to PCE for durable goods (mainly motor vehicles and parts) and to PCE for nondurable goods (mainly gasoline and oil and food) were offset by a downward revision to PCE for services (mainly recreation). The change in nonresidential fixed investment was revised up for all 3 years: 1.5 percentage points to 12.2 percent for 1997, 0.3 percentage point to 13.0 percent for 1998, and 1.8 percentage points to 10.1 percent for 1999. For 1997, equipment and software primarily accounted for the revision. Within equipment and software, the upward revision was mainly to information processing equipment and software, specifically software. For 1998, an upward revision to structures (mainly utilities) was partly offset by a downward revision to equipment and software. Within equipment and software, a downward revision to transportation equipment (mainly aircraft) more than offset an upward revision to information processing equipment and software; within information processing equipment and software, a large upward revision to software more than offset downward revisions to computers and peripheral equipment and to "other" information processing equipment. For 1999, an upward revision to equipment and software (mainly software) accounted for most of the revision. The change in residential investment was revised down for all 3 years: 0.3 percentage point to 2.0 percent for 1997, 0.9 percentage point to 8.3 percent for 1998, and 1.0 percentage point to 6.4 percent for 1999. For all 3 years, single-family structures accounted for most of the revisions. The change in inventory investment was revised down $5.3 billion (chained dollars) for 1997, was revised up $5.9 billion for 1998, and was revised up $3.1 billion for 1999. For all 3 years, nonfarm inventory investment accounted for most of the revisions. Within nonfarm inventory investment, for 1997, a downward revision to manufacturing more than accounted for the revision; for 1998, upward 25 26 • August 2000 SURVEY OF CURRENT BUSINESS revisions to retail trade and to "other" nonfarm inventories more than accounted for the revision; and for 1999, an upward revision to wholesale trade accounted for most of the revision. The change in exports of goods and services was revised down 0.2 percentage point to 12.3 percent for 1997, was revised up 0.1 percentage point to 2.3 percent for 1998, and was revised down 0.9 percentage point to 2.9 percent for 1999. For 1999, the revision was mainly accounted for by widespread downward revisions within exports of services. The change in imports of goods and services was unrevised at 13.7 percent for 1997, was revised up 0.3 percentage point to 11.9 percent for 1998, and was revised down 1.0 percentage point to 10.7 percent for 1999. The downward revision for 1999 was mostly accounted for by "other private services'' and by travel. The change in government consumption expenditures and gross investment was revised up 0.2 percentage point to 2.4 percent for 1997, was revised up 0.4 percentage point to 2.1 percent for 1998, and was revised down 0.4 percentage point to 3.3 percent for 1999. For 1997, an upward revision to State and local investment in structures more than offset a downward revision to State and local consumption expenditures for nondurable goods. For 1998, the revision was largely accounted for by upward revisions to State and local structures, to State and local compensation of employees, and to Federal nondefense consumption expenditures for nondurable goods. For 1999, the revision was more than accounted for by downward revisions to State and local consumption ex- penditures (mainly compensation of employees) and to Federal nondefense consumption expenditures (mainly "other services"). Quarterly estimates Revisions to the quarterly (and monthly) NIPA estimates reflect the revisions to the annual estimates from the newly incorporated annual source data, the incorporation of new and revised monthly and quarterly source data (including the updating of seasonal factors that are used to indicate quarterly patterns), and the introduction of changes in methodology. In this annual revision, the changes in methodology primarily affected other labor income and price measures for the estimates of certain components of fixed investment and of foreign transactions. In general, the quarter-to-quarter patterns of change in the principal measures of real output and prices on the revised basis are not markedly different from those on the previously published basis (table 5). For real GDP, the revisions to the 13 quarterly percent changes (at annual rates) averaged 0.5 percentage point (without regard to sign). The changes were revised up for five quarters, were revised down for seven quarters, and were unrevised for one quarter. The largest upward revisions to the percent changes in real GDP were 1.0 percentage point for the second quarter of 1997 and for the fourth quarter of 1999. For the second quarter of 1997, the growth rate of real GDP was revised to 5.9 percent; the upward revision was largely attributable to investment in equipment and software, to exports of goods, and to PCE for services. For the fourth quarter of 1999, the Table 5.-GDP, Real GDP, the GDP Price Index, and the Gross Domestic Purchases Price Index: Revisions to Percent Change From Preceding Quarter [Percent change at annual rates; based on seasonally adjusted annual rates] GDP Prevously published Revised Real GDP Revision Prevously published Revised GDP price index Revision Prevously published Revised 19961V 6.4 19971 III IV 7.4 6.7 5.2 4.3 7.3 7.9 5.5 4.2 -.1 1.2 .3 -.1 4.5 4.9 3.8 3.0 4.4 5.9 4.2 2.8 -.1 1.0 .4 -.2 2.8 1.8 1.3 1.3 2.9 1.9 1.2 1.4 1998-1 || Ill IV 7.7 3.4 5.4 7.0 7.6 4.1 5.0 6.8 -.1 .7 -.4 -.2 6.9 2.2 3.8 5.9 6.5 2.9 3.4 5.6 -.4 .7 -.4 -.3 .9 1.1 1.3 .8 1.0 1.1 1.5 1.1 19991 || Ill 5.7 3.3 6.8 9.4 5.9 3.9 6.7 9.7 .2 .6 -.1 .3 3.7 1.9 5.7 7.3 3.5 2.5 5.7 8.3 -.2 .6 0 1.0 2.0 1.3 1.1 2.0 2.2 1.4 1.1 1.6 8.6 8.3 -.3 5.5 4.8 -.7 3.0 3.3 II IV 2000:1 4.6 Gross domestic purchases price index Revision Prevously published Revised Revision 2.1 1.6 .1 .1 -.1 .1 2.3 .8 1.2 1.2 2.4 .8 1.0 1.3 .1 -.1 .8 1.0 .9 .1 .8 1.1 1.2 0 -.4 1.6 1.9 1.7 2.3 1.9 2.0 1.7 1.9 0 -.4 .3 3.5 3.8 .3 0 .2 .3 .2 .1 .1 0 -.2 .1 .2 0 .1 .3 .3 .1 SURVEY OF CURRENT BUSINESS growth rate of real GDP was revised to 8.3 percent; the upward revision was attributable to investment in equipment and software and to change in private inventories. The largest downward revision to the percent changes in real GDP was 0.7 percentage point, to 4.8 percent, for the first quarter of 2000; the downward revision was attributable to investment in equipment and software and to change in private inventories. For gross domestic purchases prices, the revisions to the 13 quarterly percent changes (at annual rates) averaged 0.2 percentage point (without regard to sign). The changes were revised up for eight quarters, were revised down for two quarters, and were unrevised for three quarters. The largest revision was a downward revision of 0.4 percentage point for the fourth quarter of 1999; the principal source of the revision was prices of PCE for services. Changes In Methodology This section describes the changes in methodology—either in the source data or in the methods used to prepare the estimates—that were incorporated into this annual revision.15 Several of these changes were identified as high priority items in BEA's strategic plan for maintaining and improving the Nation's economic accounts.16 Classification by industry.—For this annual NIPA revision, the source data collected by other Federal agencies under the new North American Classification System (NAICS) were converted to the 1987 Standard Industrial Classification (SIC) in order to be consistent with the other BEA source data that remain on an SIC basis. Specifically, for BEA's industry-based estimates of change in private inventories, profits, nonfarm proprietors' income, and net interest for 1997 and 1998, industry concordances between NAICS and the SIC were developed to convert the NAICS-based source data to 15. These methodological changes update the information in two tables that list the principal source data and methods used to prepare the estimates of GDP. These tables were published in "Updated Summary NIPA Methodologies," 14-35; updated tables will be published in the October 2000 SURVEY. 16. See "BEA's Mid-Decade Strategic Plan: A Progress Report," SURVEY 76 (June 1996): 52-55. Implementation of the North American Industry Classification System This annual revision of the NIPA's incorporates some source data from Federal agencies that were collected under the new North American Industry Classification System (NAICS). However, much of the source data remain on the Standard Industrial Classification (SIC) basis, and the NIPA estimates by industry are presented on that basis (see below for the tentative schedule for implementing NAICS). NAICS is an economic classification system that groups establishments into industries and that provides the framework for collecting, analyzing, and disseminating economic data on an industry basis. NAICS is unique because it is constructed under a single conceptual framework in which economic units that use similar production processes are classified in the same industry. As a result, the data are more appropriately classified for measuring productivity, unit labor costs, and input-output relationships. NAICS was adopted by the United States, Canada, and Mexico on April 9, 1997. NAICS replaces the SIC, which had been the U.S. standard since the 1930's and which was last updated in 1987.1 BEA's plan for implementing NAICS depends on the implementation schedules of its source data agencies. The 1. See Executive Office of the President, Office of Management and Budget, North American Industry Classification System, United States, 1997 (Washington DC: Bernan Press, 1998) and Executive Office of the President, Office of Management and Budget, Standard Industrial Classification Manual, 1987(Washington DC: Government Printing Office, 1987). August 2000 • Census Bureau released data for the 1997 Economic Census on a NAICS basis in 1999 and 2000, and BEA released data on foreign direct investment in the United States (FDIUS) on a NAICS basis in 1999.2 Full implementation of NAICS by BEA's three major source data providers— the Census Bureau, the Bureau of Labor Statistics (BLS), and the Internal Revenue Service (IRS)—will be completed in 2004. BEA's tentative plans for NAICS implementation are as follows: 2000: BEA converted NAICS-based source data to an SIC basis; it did not publish NAICS-based estimates. 2001: BEA will convert its inventory estimates to a NAICS basis. Other NAICS-based source data will continue to be converted to an SIC basis. 2002: BEA will convert its estimates of State personal income (based on data from BLS) to a NAICS basis and will publish the benchmark 1997 input-output accounts on a NAICS basis (based on data from the 1997 Economic Census). 2003-2004: Based on its 1997 benchmark input-output accounts and the full implementation of NAICS by all of its source-data agencies, BEA will finish converting all of its industry-based estimates to a NAICS basis, including a new set of benchmark NIPA estimates. 2. BEA's FDIUS program uses the enterprise—a multiestablishment company and its majority-owned domestic subsidiaries or divisions—and not the establishment, as its statistical unit. 27 28 • August 2000 SURVEY OF CURRENT BUSINESS an SIC basis using special tabulations of IRS and Census Bureau source data. For BEA's productbased estimates of personal consumption expenditures and private investment in equipment and software, product concordances between NAICS and the SIC were developed to convert the NAICSbased source data to an SIC basis using special tabulations of Census Bureau source data.17 These converted data were then incorporated into the NIPA estimates. (For more information, see the box "Implementation of the North American Industry Classification System.") Medical expenditure panel survey (MEPS).—The revised estimates of employer contributions to group health insurance, which accounts for about half of other labor income, are now based on MEPS—a new Department of Health and Human Services survey that covers both health insurance purchased by employers for their employees and health insurance provided by employers on a selfinsured basis.18 The estimate is introduced on a "best-level" basis for 1997 because MEPS provides—for the first time—a benchmark for the level of employer health insurance costs. Previously, the health insurance estimates were based on total contributions from the Health Care Financing Administration's national health accounts less employee contributions from the BLS consumer expenditure survey. Estimates for 17. The NAICS and the SIC are industry, not product, classification systems. However, product data from the 1997 Economic Census use a NAICS coding scheme, so a concordance between the 1997 scheme and the one used in the 1992 Economic Census (which was based on the SIC) had to be developed. 18. Self insurance by employers accounts for about half of all health insurance provided to employees. later years continue to be extrapolated using BLS data on employer costs for employee compensation and BLS tabulations of wages and salaries of employees covered by unemployment insurance. Net exports of goods and services and net receipts of income.—-The major source of the NIPA estimates of foreign transactions is the U.S. international transactions accounts (ITA's), which are also prepared by BEA. In this year's annual ITA revision, newly available data from regular sources, including revised monthly data on foreign travelers in the United States, and from surveys conducted by BEA and by the Department of Treasury were incorporated. Several improvements in the estimating methodologies were also introduced; these include improved estimates of net U.S. purchases of foreign securities, newly developed estimates of expenditures of temporary nonagricultural workers in the United States, and improved estimation techniques for expenditures of international organizations and of foreign embassies in the United States.19 In addition to incorporating the ITA revisions, the NIPA's also incorporate revisions to the items that adjust for the differences between the two sets of accounts (these differences are identified in NIPA table 4.5B). As usual, the ITA revisions were incorporated into the NIPA's at their "best level," beginning with estimates for 1997; the NIPA estimates of foreign transactions for earlier years were not revised. (The revisions of the ITA's for years before 1997 will be incorporated in the next comprehensive 19. See Christopher L. Bach, "U.S. International Transactions, Revised Estimates for 1982-99," SURVEY 80 (July 2000): 70-77. Availability of Revised Estimates and Related Information The estimates shown in the NIPA tables that follow this article and the estimates for earlier periods (for most tables, beginning with 1929 for annual estimates and with 1946 for quarterly estimates) are available on BEA's Web site at <www.bea.doc.gov>. Later this year, the NIPA estimates will be available on a CD-ROM. Publication of the revised estimates and related estimates will continue in subsequent issues of the SURVEY OF CURRENT BUSINESS. The September SURVEY will present table 5.16, which shows changes in the net stock of produced assets; reconciliation table 8.28, which shows the relationship between personal income in the NIPA's and adjusted gross income published by the Internal Revenue Service; and new estimates of fixed assets and consumer durable goods for 1999 and revised estimates for 1997-98. The October SURVEY will present "Updated Summary NIPA Methodologies," which lists the principal source data and estimating methods used in preparing the current-dollar and real estimates of GDP; tables 3.15-3.17 (government spending by function), tables 3.18-3.20 (government sector reconciliation tables), and tables 9.19.6 (seasonally unadjusted estimates); revised real inventories, sales, and inventory-sales ratios for manufacturing and trade for 1997:1-2000:1; and revised estimates of State personal income that incorporate the results of this annual revision of the NIPA's. The December SURVEY will present revised and updated estimates of gross product by industry. In early 2001, BEA will publish National Income and Product Accounts of the United States, 1929-97, which will present the full set of NIPA tables and will describe definitions and statistical conventions. The availability of the CD-ROM and the volume will be announced in the SURVEY and on BEA's Web site. August 2000 • SURVEY OF CURRENT BUSINESS NIPA revision.) As a result, there are discontinuities between the NIPA estimates for 1996 and those for 1997 (table 6). The change in current-dollar net exports of goods and services (and in current-dollar GDP) from 1996 to 1997 is overstated by $2.3 billion. The discontinuity is primarily accounted for by exports of "other" private services, reflecting the incorporation of newly developed estimates of expenditures by temporary nonagricultural workers in the United States. For net receipts of income, the change from 1996 to 1997 is overstated by $1.7 billion. The discontinuity is more than accounted for by corporate profits paid to the rest of the world, reflecting improved estimates of the current-cost adjustment.20 For GNP, which includes both net exports of goods and services and net receipts of income, the change is overstated by $3.9 billion. New prices.—In this annual revision, price measures are modified for the estimates of some components of fixed investment and of foreign transactions to account for several price indexes that are no longer available from the Bureau of Labor Statistics (BLS). 20. See Bach, "U.S. International Transactions," 74. The first modification is to a price index that is used in the deflation of computers and peripheral equipment, a component of equipment and software: The BLS international price index for imported computers replaces a weighted average of the producer price index (PPI) for large-scale computers, the PPI for mid-range computers, and an unpublished BLS price index for imported personal computers, beginning with January 1999. This BLS international price index for imported computers is also be used to deflate imports of mainframes and personal computers for the estimates of foreign transactions. The second modification is to the price index that is used to deflate petroleum and gas well drilling and exploration, a component of nonresidential structures: The PPI for oil and gas field services replaces PPFs for onshore field services and for offshore field services, beginning with January 2000. Presentational Changes Table 7.20.—In this annual revision, a new NIPA table, table 7.20, is introduced that shows annual chain-type quantity and price indexes for personal consumption expenditures (PCE) by type of expenditure. The items that are shown correspond to Table 6.—Discontinuities in NiPA Foreign Transactions: 1996-97 [Billions of dollars] 1996 Published 1997 Discontinuity 1 Adjusted Revised Change, 1996 to 1997 Published Adjusted -89.0 2.3 ^86.7 -89.3 -0.3 -2.6 Exports Goods Services 874.2 618.4 255.8 2.3 0 2.3 876.5 618.4 258.1 966.4 688.9 277.5 92.2 70.5 21.7 90.0 70.5 19.4 Imports Goods Services 963.1 808.3 154.8 -.1 0 -.1 963.0 808.3 154.7 1,055.8 885.1 170.7 92.7 76.8 15.9 92.7 76.8 16.0 Net exports of goods and services 18.1 1.7 19.7 7.1 -11.0 -12.7 Receipts Corporate profits Interest Compensation of employees 245.6 140.6 103.2 1.8 -.8 -.8 0 0 244.8 139.8 103.2 1.8 281.3 159.4 120.1 1.8 35.7 18.8 16.9 0 36.5 19.6 16.9 0 Payments Corporate profits Interest Compensation of employees 227.5 39.8 181.4 6.3 -2.5 -2.5 0 0 225.0 37.3 181.4 6.3 274.2 48.7 218.8 6.7 46.7 9.0 37.4 .4 49.2 11.4 37.4 .4 39.8 -2.1 37.7 40.8 1.0 3.1 7,813.2 7,831.2 2.3 3.9 7,815.5 7,835.1 8,318.4 8,325.4 505.2 494.2 502.9 490.3 Net receipts of income Transfer payments to rest of the world (net) Addenda: GDP GNP 1. Equals the revisions to the U.S. international transactions accounts that have not been carried back in the NIPA's at this time. 29 30 • August 2000 SURVEY OF CURRENT BUSINESS those shown in table 2.5 for the chained-dollar estimates of PCE by type of expenditure. The new table provides estimates for the PCE aggregates by type of expenditure that were not previously available in the NIPA tables; most of the detailed items are already in table 7.5, which shows the chaintype quantity and price indexes for PCE by type of product The estimates in the new table begin with 1929 (see the box "Availability of Revised Estimates and Related Information"). Table 8.26.—Two lines have been deleted from table 8.26, which shows the relation between monetary interest paid and received in the NIPA's and in corresponding IRS measures. Line 26 showed NIPA estimates of monetary interest received by sole proprietorships and partnerships, and line 25 showed the corresponding IRS estimates. The IRS no longer publishes estimates of total interest received by financial partnerships. The NIPA estimates of monetary interest received by financial sole proprietorships and partnerships are currently derived from IRS estimates of partnership receipts. These NIPA estimates will continue to be published in line 27 in table 8.20, which shows interest paid and received by sector and legal form of organization. Appendix A follows. SURVEY OF CURRENT BUSINESS August 2000 • 31 Appendix A.—Revisions to the National Income and Product Accounts [Billions of dollars] 1997 Revised 1998 Revision Revised 1999 Revision Revised Revision Account 1.—National Income and Product Account Compensation of employees Wage and salary accruals Disbursements Wage accruals less disbursements Supplements to wages and salaries Employer contributions for social insurance :. . Other labor income Proprietors' income with inventory valuation and capital consumption adjustments Rental income of persons with capital consumption adjustment Corporate profits with inventory valuation and capital consumption adjustments ... Corporate profits with inventory valuation adjustment Profits before tax Profits tax liability Profits aftertax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest National income Business transfer payments To persons To the rest of the world Indirect business tax and nontax liability Less: Subsidies less current surplus of government enterprises Consumption of fixed capital Private Government General government Government enterprises , , Gross national income Less: Income receipts from the rest of the world Plus: Income payments to the rest of the world Gross domestic income 4,651.3 3,886.0 3,888.9 -2.9 765.3 289.9 475.4 -24.4 1.3 0 1.2 4,984.2 4,192.8 4,190.7 -27.0 2.1 -1.4 -30.3 -25.5 791.4 305.9 485.5 581.2 2.6 128.3 -1.9 833.8 800.8 792.4 237.2 555.2 335.2 220.0 -4.7 -2.4 -3.5 -1.1 -2.4 -25.7 -.2 1.5 -3.9 8.4 1.0 32.9 -2.4 3.3 4.7 5,299.8 4,475.1 4,470.0 5.2 -31.9 2.8 -2.3 5.2 -34.8 0 -34.8 -30.2 824.6 323.6 501.0 620.7 14.6 663.5 5.0 135.4 -2.0 143.4 -2.5 815.0 775.1 758.2 244.6 513.6 351.5 162.1 17.0 39.9 -33.4 -27.7 -23.7 -36.7 -21.7 -25.5 -3.5 -22.0 -31.0 -3.9 -5.7 856.0 813.9 823.0 255.9 567.1 370.7 196.4 -9.1 42.1 -.1 4.4 -28.1 2.9 6.0 -28.0 3.9 -15.1 423.9 11.4 482.7 47.0 507.1 39.6 6,618.4 -17.1 7,038.1 -.7 7,469.7 -26.6 36.8 27.9 -.1 38.0 28.7 39.7 29.7 8.9 646.2 19.1 -.1 .4 .1 679.6 21.5 -.1 -.1 0 2.6 .7 718.1 28.4 .3 .1 .1 1.8 1.9 1,013.3 832.4 180.9 154.6 26.3 4.2 3.9 .4 .4 0 1,077.3 889.4 188.0 160.4 27.5 12.7 11.0 1.8 1.8 -.1 1,161.0 961.4 199.6 170.3 29.3 25.2 21.7 3.6 3.5 0 8,295.7 -12.5 8,811.4 13.8 9,360.1 -1.2 281.3 -1.3 285.4 .1 305.9 3.6 0 9.3 9.9 274.2 -4.2 288.9 -6.3 316.9 -5.4 8,288.6 -15.3 8,815.0 7.5 9,371.1 -10.2 29.7 32.9 -24.8 22.8 -71.9 53.2 GROSS DOMESTIC PRODUCT 8,318.4 17.6 8,790.2 30.3 9,299.2 43.1 Personal consumption expenditures Durable goods Nondurable goods 5,529.3 642.5 1,641.6 3,245.2 4.9 -.4 -.1 5.4 5,850.9 693.9 1,707.6 3,449.3 2.3 6,268.7 761.3 1,845.5 3,661.9 11.4 2.7 2.4 6.3 Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories 1,390.5 1,327.7 999.4 255.8 743.6 328.2 62.9 6.8 1,549.9 1,472.9 1,107.5 283.2 824.3 365.4 77.0 1,650.1 1,606.8 1,203.1 285.6 917.4 403.8 43.3 27.4 28.8 36.4 12.2 24.0 -7.5 -1.3 Net exports of goods and services Exports Imports -89.3 966.4 1,055.8 -1.0 -1.6 -254.0 990.2 1,244.2 -.1 Government consumption expenditures and gross investment Federal National defense Nondefense State and local GROSS DOMESTIC PRODUCT Statistical discrepancy Services 12.3 13.3 1.7 11.5 -1.0 -5.4 -4.3 -1.3 7.8 18.7 12.9 16.2 10.4 5.8 -3.3 5.8 -1.9 -.5 -151.5 966.0 1,117.5 1,487.9 538.2 352.6 185.6 949.7 6.9 .4 .1 .3 6.5 1,540.9 540.6 349.2 191.4 1,000.3 11.2 1.9 .6 1.3 9.3 1,634.4 568.8 365.0 203.5 1,065.8 4.3 -2.0 .5 -2.6 6.4 8,318.4 17.6 8,790.2 30.3 9,299.2 43.1 -.3 1.6 32 • August 2000 SURVEY OF CURRENT BUSINESS Appendix A.—Revisions to the National Income and Product Accounts—Continued [Billions of dollars] 1997 Revised 1999 1998 Revision Revised Revised Revision Revision Account 2.—Personal Income and Outlay 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) 968.8 0.5 1,070.9 -1.7 1,152.0 -0.1 5,715.3 5,529.3 164.8 3.6 4.9 6,054.7 5,850.9 6,490.1 -1.9 179.8 21.2 .6 24.0 -1.9 2.3 -5.9 1.7 6.8 11.4 -6.9 2.3 252.9 Personal saving 6,937.0 PERSONAL TAXES, OUTLAYS, AMD SAVING Wage and salary disbursements 3,888.9 Other labor income 475.4 Proprietors' income with inventory valuation and capital consumption adjustments Rental income of persons with capital consumption adjustment Personal dividend income Dividends Less: Dividends received by government Personal interest income Net interest Net interest paid by government Interest paid by persons » 581.2 128.3 334.9 335.2 .3 864.0 423.9 275.3 164.8 Less: Personal contributions for social insurance PERSONAL INCOME -14.1 0 265.4 7,391.0 4,190.7 -25.5 2.6 -1.9 1.5 1.5 0 485.5 620.7 135.4 9.1 11.4 -.4 -1.9 351.1 351.5 .4 940.8 482.7 278.2 179.8 27.9 -.2 0 983.0 28.7 934.4 -.1 954.3 962.2 Transfer payments to persons From business From government -18.2 297.9 -.2 316.2 6,937.0 -14.1 7,391.0 35.7 32.1 4.7 -30.2 14.6 -2.0 2.8 2.9 .1 43.0 47.0 1.8 -5.9 -.6 -.1 -.5 .3 32.1 6,268.7 194.8 26.6 147.6 7,789.6 4,470.0 501.0 663.5 143.4 370.3 370.7 .4 963.7 507.1 261.7 194.8 1,016.2 -6.7 -2.2 -2.3 -34.8 5.0 -2.5 6.0 6.0 .1 32.4 39.6 -.4 -6.9 29.7 -2.0 .1 986.5 -2.1 338.5 3.9 7,789.6 -2.2 Account 3.—Government Receipts and Expenditures Account Consumption expenditures * Transfer payments To persons To the rest of the world (net) Net interest paid 1,223.3 .4 1,262.1 1.1 1,325.7 -6.5 945.0 .5 -.1 965.1 -.1 -.5 998.1 954.3 -1.1 -2.1 10.6 .6 10.8 .4 11.6 1.1 275.3 -.4 -.4 934.4 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 Federal State and local GOVERNMENT CURRENT EXPENDITURES AND SURPLUS Personal tax and nontax payments Corporate profits tax liability Indirect business tax and nontax liability Contributions for social insurance Employer Personal GOVERNMENT CURRENT RECEIPTS .3 0 .1 19.1 0 0 -22.3 -53.3 -1.0 -4.5 31.0 3.5 2,440.0 -.5 278.2 1.8 261.7 .4 .1 .4 .1 1.9 21.5 .7 28.4 0 90.7 49.0 41.7 0 2.0 2.1 0 174.4 124.4 8.0 9.0 2,617.2 .4 50.0 -1.0 1,070.9 -1.7 2,788.0 0 244.6 4.4 1,152.0 -.1 679.6 2.6 255.9 -3.5 718.1 662.1 323.6 338.5 2,788.0 1.8 968.8 .5 237.2 -1.1 646.2 .4 -.4 -.2 -.2 622.1 305.9 316.2 .2 -.1 .3 -.5 2,617.2 5.4 587.8 289.9 297.9 2,440.0 986.5 0 0 3.9 0 3.9 August 2000 • SURVEY OF CURRENT BUSINESS 33 Appendix A.—Revisions to the National Income and Product Accounts-Continued [Billions of dollars] 1997 Revised 1998 Revision Revised 1999 Revision Revised Revision Account 4.—Foreign Transactions Account 966.4 -1.6 966.0 -0.3 990.2 -8.1 281.3 -1.3 285.4 .1 305.9 3.6 RECEIPTS FROM THE REST OF THE WORLD 1,247.7 -2.9 1,251.4 -.2 1,296.1 -4.5 Imports of goods and services 1,055.8 -.5 1,117.5 1.6 1,244.2 -8.0 274.2 -4.2 288.9 -6.3 316.9 -5.4 40.8 21.2 10.6 8.9 1.2 .6 .6 -.1 44.1 24;0 10.8 9.3 2.1 1.7 .4 0 48.1 26.6 11.6 9.9 3.5 2.3 1.1 Net foreign investment -123.1 .6 -199.1 2.4 -313.2 PAYMENTS TO THE REST OF THE WORLD 1,247.7 -2.9 1,251.4 -.2 1,296.1 Exports of goods and services : Income receipts Income payments Transfer payments to the rest of the world (net) From persons (net) From government (net) , From business .1 5.3 -4.5 Account 5.—Gross Saving and Investment Account Gross private domestic investment 1,390.5 6.8 1,549.9 18.7 1,650.1 27.4 264.6 6.5 278.8 10.1 308.7 10.9 Net foreign investment -123.1 .6 -199.1 2.4 -8132 5.3 GROSS INVESTMENT 1,532.1 14.0 1,629.6 31.2 1,645.6 43.6 252.9 -18.2 265.4 35.7 147.6 -8.7 -2.9 1.2 2.1 -1.4 5.2 5.2 261.3 -6.3 218.9 -40.7 229.4 -39.2 1,013.3 832.4 180.9 154.6 26.3 4.2 3.9 .4 .4 0 1,077.3 889.4 188.0 160.4 27.5 12.7 11.0 1.8 1.8 -.1 1,161.0 961.4 199.6 170.3 29.3 25.2 21.7 3.6 3.5 -22.3 -1.0 90.7 2.0 174.4 29.7 32.9 -24.8 22.8 -71.9 1,532.1 14.0 1,629.6 31.2 1,645.6 Gross government investment Personal saving Wage accruals less disbursements (private) Undistributed corporate profits with inventory valuation and capital consumption adjustments Consumption of fixed capital Private Government General government Government enterprises >.... Government current surplus or deficit (-), national income and product accounts Statistical discrepancy GROSS SAVING AND STATISTICAL DISCREPANCY 0 8.0 53.2 43.6 34 SURVEY OF CURRENT BUSINESS August 2000 National Income and Product Accounts Tables This section presents revised annual estimates for 1997-99, Tables 3.15-3.20, 5.16, 8.28, 9.1-9.6 on the revised basis revised quarterly estimates for 1997:1-2000:1, and the "adare not yet available. Tables 5.16 and 8.28 are scheduled to vance" estimates for 2000:11 for nearly all of the full set of tabe published in the September 2000 SURVEY OF CURRENT BUSIbles of the national income and product accounts (NIPA's); NESS. The other tables are scheduled to be published in the these estimates were released on July 28, 2000. For informaOctober 2000 SURVEY. tion about the revision, see "Annual Revision of the National The annual and quarterly estimates for gross domestic Income and Product Accounts" in this issue. product (GDP) are presented in "GDP and Other Major NIPA Series, 1929-2000:1." The estimates for most of the In this annual revision, a new table 7.20 has been added. It NIPA series, beginning with 1929, are available on BEA's shows annual chain-type quantity and price indexes for perWeb site at <www.bea.doc.gov> and on STAT-USA's Web sonal consumption expenditures by type of expenditure, and site at <www.stat-usa.gov>. it corresponds to the presentation of the chained-dollar estimates in table 2.5. As indicated, the tables present annual [A], quarterly [Q], and monthly [M] estimates. Summary Tables A Summary National Income and Product Accounts, 1999 .36 S. 1 Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures [A, Q] 38 S.2 Summary of Contributions to Percent Change in Real Gross Domestic Product [A, Q] 38 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1. National Product and Income Gross Domestic Product [A, Q] 39 Real Gross Domestic Product [A, Q] 39 Gross Domestic Product by Major Type of Product [A, Q] 40 Real Gross Domestic Product by Major Type of Product [A, Q] 40 Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [A, Q] 41 Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [A, Q] 41 Gross Domestic Product by Sector [A, Q] 41 Real Gross Domestic Product by Sector [A, Q] 41 Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income [A, Q] 42 Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [A, Q] 42 Command-Basis Real Gross National Product [A, Q] 42 Net Domestic Product by Sector [A] 43 Real Net Domestic Product by Sector [A] 43 National Income by Type of Income [A, Q] 43 National Income by Sector, Legal Form of Organization, and Type of Income [A] 44 Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained Dollars [A, Q] 45 2. Personal Income and Outlays 2.1 Personal Income and Its Disposition [A, Q] 2.2 Personal Consumption Expenditures by Major Type of Product [A, Q] 2.3 Real Personal Consumption Expenditures by Major Type of Product [A, Q] 2.4 Personal Consumption Expenditures by Type of Expenditure [A] 2.5 Real Personal Consumption Expenditures by Type of Expenditure [A] 2.6 Personal Consumption Expenditures by Type of Product [A] 2.7 Real Personal Consumption Expenditures by Type of Product [A] 2.8 Personal Income by Type of Income [A, M] 2.9 Personal Income and Its Disposition [A, M] 2.10 Personal Consumption Expenditures by Major Type of Product [A, M] 2.11 Real Personal Consumption Expenditures by Major Type of Product [A, M] 3. Government Current Receipts and Expenditures 3.1 Government Current Receipts and Expenditures [A, Q] 3.2 Federal Government Current Receipts and Expenditures [A,Q] 45 3.3 State and Local Government Current Receipts and Expenditures [A, Q] 57 3.4 Personal Tax and Nontax Receipts [A] 58 3.5 Indirect Business Tax and Nontax Accruals [A] 58 3.6 Contributions for Social Insurance [A] 58 3.7 Government Consumption Expenditures and Gross Investment by Type [A, Q] 59 3.8 Real Government Consumption Expenditures and Gross Investment by Type [A, Q] 60 3.9 Government Consumption Expenditures Gross and Net of Sales by Type [A] 61 3.10 National Defense Consumption Expenditures and Gross Investment [A,Q] ...62 3.11 Real National Defense Consumption Expenditures and Gross Investment [A, Q] 63 3.12 Government Transfer Payments to Persons [A] 64 3.13 Subsidies Less Current Surplus of Government Enterprises [A].. 64 3.14 Social Insurance Funds Current Receipts and Expenditures [A].. 64 3.15 Government Consumption Expenditures and Gross Investment by Function* 3.16 Government Current Expenditures by Function [A] * 3.17 Selected Government Current Expenditures by Function [A]* 3.18B Relation of Federal Government Current Receipts and Expenditures in the National Income and Product Accounts to the Budget, Fiscal Years [A, Q]* 3.19 Relation of State and Local Government Current Receipts and Expenditures in the National Income and Product Accounts to Bureau of Census Government Finances Data., Fiscal Years [A]* 3.20 Relation of Commodity Credit Corporation Expenditures in the National Income and Product Accounts to Commodity Credit Corporation Outlays in the Budget [A]* 4.1 4.2 4.3 47 4.4 47 4.5B 48 49 50 51 52 53 54 54 55 56 4. Foreign Transactions Foreign Transactions in the National Income and Product Accounts [A, Q] Real Exports and Imports of Goods and Services and Receipts and Payments of Income [A, Q] Exports and Imports of Goods and Services by Type of Product [A, Q] Real Exports and Imports of Goods and Services by Type of Product [A, Q] Relation of Foreign Transactions in the National Income and Product Accounts to the Corresponding Items in the International Transactions Accounts [A] 5. Saving and Investment 5.1 Gross Saving and Investment [A, Q] 5.2 Gross and Net Investment by Major Type [A] 5.3 Real Gross and Net Investment by Major Type [A] 5.4 Private Fixed Investment by Type [A, Q] 5.5 Real Private Fixed Investment by Type [A, Q] 5.6 Private Fixed Investment in Structures by Type [A] 5.7 Real Private Fixed Investment in Structures by Type [A] 5.8 Private Fixed Investment in Equipment and Software by Type [A] 5.9 Real Private Fixed Investment in Equipment and Software by Type [A] 65 65 66 67 68 69 69 69 70 70 71 71 72 72 *These tables are not published in this issue. See the introductory text. SURVEY OF CURRENT BUSINESS 5.10 Change in Private Inventories by Industry Group [A, Q] 73 5.11 Real Change in Private Inventories by Industry Group [A, Q]. 73 5.12 Private Inventories and Domestic Final Sales of Business by Industry Group [Q] 74 5.13 Real Private Inventories and Real Domestic Final Sales of Business by Industry Group [Q] 74 5.14 Gross Government Fixed Investment by Type [A] 75 5.15 Real Gross Government Fixed Investment by Type [A] 75 5.16 Changes in Net Stock of Produced Assets (Fixed Assets and Inventories) [A]* 6.1C 6.2C 6.3C 6.4C 6.5C 6.6C 6.7C 6.8C 6.9C 6. IOC 6.11C 6.12C 6.13C 6.14C 6.15C 6.16C 6.17C 6.18C 6.19C 6.20C 6.21C 6.22C 6. Income and Employment by Industry National Income Without Capital Consumption Adjustment by Industry Group [A, Q] 76 Compensation of Employees by Industry [A] 77 Wage and Salary Accruals by Industry [A] 77 Full-Time and Part-Time Employees by Industry [A] 78 Full-Time Equivalent Employees by Industry [A] 78 Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry [A] 79 Self-Employed Persons by Industry Group [A] 79 Persons Engaged in Production by Industry [A] 80 Hours Worked by Full-Time and Part-Time Employees by Industry Group [A] 80 Employer Contributions for Social Insurance by Industry Group [A] 80 Other Labor Income by Industry Group and by Type [A] 81 Nonfarm Proprietors' Income by Industry Group [A] 81 Noncorporate Capital Consumption Allowance by Industry Group [A] 81 Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and Industry Group [A] 82 Net Interest by Industry Group [A] 82 Corporate Profits by Industry Group [A, Q] 82 Corporate Profits Before Tax by Industry [A] 83 Federal, State, and Local Corporate Profits Tax Liability by Industry [A] 83 Corporate Profits After Tax by Industry [A] 84 Net Corporate Dividend Payments by Industry [A] 84 Undistributed Corporate Profits by Industry [A] 85 Corporate Capital Consumption Allowances by Industry [A] 85 7. Quantity and Price Indexes 7.1 Quantity and Price Indexes for Gross Domestic Product [A, Q] 86 7.2 Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases [A, Q] 87 7.3 Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product [A, Q] 88 7.4 Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product [A, Q] 88 7.5 Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product [A] 89 7.6 Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type [A, Q] 91 7.7 Chain-Type Quantity and Price Indexes for Private Fixed Investment in Structures by Type [A] 92 7.8 Chain-Type Quantity and Price Indexes for Private Fixed Investment in Equipment and Software by Type [A] 92 7.9 Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Income [A, Q] 93 7.10 Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product [A, Q] 94 7.11 Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type [A, Q] 96 7.12 Chain-Type Quantity and Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type [A] 98 7.13 Chain-Type Quantity and Price Indexes for Gross Government Fixed Investment by Type [A] 99 7.14 Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector [A, Q] 100 7.15 Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial Corporate Business [A, Q] 100 7.16 Implicit Price Deflators for Private Inventories by Industry Group [Q] 101 7.17 Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product [A, Q] 101 August 2000 35 7.18B Chain-Type Quantity Indexes for Motor Vehicle Output [A, Q] 102 7.19 Chain-Type Quantity Indexes for Gross and Net Investment by Major Type [A] 103 7.20 Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Expenditure [A] 104 8. Supplemental Tables Percent Change from Preceding Period in Selected Series [A, Q] 106 8.2 Contributions to Percent Change in Real Gross Domestic Product [A, Q] 108 8.3 Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product [A, Q] 109 8.4 Contributions to Percent Change in Real Private Fixed Investment by Type [A, Q] 109 8.5 Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product [A, Q] 110 8.6 Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment by Type [A, Q] 110 8.7 Selected Per Capita Product and Income Series in Current and Chained Dollars [A, Q] 111 8.8B Motor Vehicle Output [A,Q] Ill 8.9B Real Motor Vehicle Output [A, Q] 112 8.10 Farm Sector Output, Gross Product, and National Income [A] 113 8.11 Real Farm Sector Output, Real Gross Product, and Real Net Product [A] 113 8.12 Housing Sector Output, Gross Product, and National Income [A] 113 8.13 Real Housing Sector Output, Real Gross Product, and Real Net Product [A] 113 8.14 Consumption of Fixed Capital by Legal Form of Organization [A] 114 8.15 Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment [A] 114 8.16 Business Transfer Payments by Type [A] 114 8.17 Supplements to Wages and Salaries by Type [A] 114 8.18 Rental Income of Persons by Type [A] 115 8.19 Dividends Paid and Received by Sector [A] 115 8.20 Interest Paid and Received by Sector and Legal Form of Organization [A] 115 8.21 Imputations in the National Income and Product Accounts [A] 116 8.22 Relation of Consumption of Fixed Capital in the National Income and Product Accounts to Depreciation and Amortization as Published by the Internal Revenue Service [A] 118 8.23 Relation of Nonfarm Proprietors' Income in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service [A] -. 118 8.24 Relation of Net Farm Income in the National Income and Product Accounts to Net Farm Income as Published by the U.S. Department of Agriculture [A] 118 8.25 Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service [A] 118 8.26 Relation of Monetary Interest Paid and Received in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service [A] 119 8.27 Relation of Wages and Salaries in the National Income and Product Accounts to Wages and Salaries as Published by the Bureau of Labor Statistics [A] 119 8.28 Comparison of Personal Income in the National Income and Product Accounts with Adjusted Gross Income as Published by the Internal Revenue Service [A]* 8.29 Capital Transfers (Net) [A] 119 8.1 9. Seasonally Unadjusted Estimates [Q]* 9.1 Gross Domestic Product, Not Seasonally Adjusted* 9.2 Personal Consumption Expenditures by Major Type of Product, Not Seasonally Adjusted* 9.3 Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted* 9.4 State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted* 9.5 Foreign Transactions in the National Income and Product Accounts, Not Seasonally Adjusted* 9.6 Corporate Profits with Inventory Valuation Adjustment, Not Seasonally Adjusted* *These tables are not published in this issue. See the introductory text. 36 • August 2000 SURVEY OF CURRENT BUSINESS S. Summary Tables, Table A.—Summary National Income and Product Accounts, 1999 [Billions of dollars] Account 1.—National Income and Product Account Line Line Compensation of employees Wage and salary accruals Disbursements (2-7) Wage accruals less disbursements (3-8 and 5-5) Supplements to wages and salaries Employer contributions for social insurance (3-16) Other labor income (2-8) 5,299.8 4,475.1 4,470.0 5.2 824.6 323.6 501.0 Proprietors' income with inventory valuation and capital consumption adjustments (2-9) 9 Rental income of persons with capital consumption adjustment (2-10) 663.5 143.4 10 Corporate profits with inventory valuation and capital consumption 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 856.0 813.9 823.0 adjustments Corporate profits with inventory valuation adjustment Profits before tax Profits tax liability (3-13) Profits after tax Dividends (2-12) Undistributed profits Inventory valuation adjustment Capital consumption adjustment 255.9 567.1 370.7 196.4 -9.1 42.1 Net interest (2-15) 36 Personal consumption expenditures (2-3) 37 Durable goods 38 Nondurable goods 39 Services 6,268.7 761.3 40 Gross private domestic investment (5-1), 41 Fixed investment 42 Nonresidential 43 Structures 44 Equipment and software 45 Residential 46 Change in private inventories ..... 1,650.1 1,606.8 1,203.1 285.6 917.4 403.8 43.3 47 Net exports of goods and services 48 Exports (4-1) 49 Imports (4-3) 50 Government consumption expenditures and gross investment (3-1 and 5-2) 51 Federal 52 National defense 53 Nondefense 54 State and local -254.0 990.2 1,845.5 3,661.9 1,244.2 1,634.4 568.6 365.0 203.5 1,065.8 507.1 National income 7,469.7 Business transfer payments To persons (2-19) To the rest of the world (4-8) Indirect business tax and nontax liability (3-14) Less: Subsidies less current surplus of government enterprises (3-7) Consumption of fixed capital (5-7) Private (5-8) Government (5-9) General government (5-10) Government enterprises (5-11) Gross national income 39.7 29.7 9.9 718.1 28.4 1,161.0 961.4 199.6 170.3 29.3 9,360.1 Less: Income receipts from the rest of the world (4-2) 305.9 Plus: Income payments to the rest of the world (4-4) 316.9 Gross domestic income 9,371.1 Statistical discrepancy (5-13) -71.9 GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT 9,299.2 9,299.2 Account 2.—Personal Income and Outlay Account Line Line Personal tax and nontax payments (3-12) Personal outlays Personal consumption expenditures (1-36) Interest paid by persons (2-17) Personal transfer payments to the rest of the world (net) (4-6) Personal saving (5-4) PERSONAL TAXES, OUTLAYS, AND SAVING 1,152.0 6,490.1 6,268.7 194.8 26.6 147.6 7,789.6 Wage and salary disbursements (1-3) Other labor income (1-7) Proprietors' income with inventory valuation and capital consumption adjustments (1-8) 10 Rental income of persons with capital consumption adjustment (1-9) 11 Personal dividend income 12 Dividends (1-15) 13 Less: Dividends received by government (3-6) 14 Personal interest income 15 Net interest (1-19) 16 Net interest paid by government (3-5) 17 Interest paid by persons (2-4) 18 Transfer payments to persons 19 From business (1-22) 20 From government (3-3) 21 Less: Personal contributions for social insurance (3-17) PERSONAL INCOME 4,470.0 501.0 663.5 143.4 370.3 370.7 .4 963.7 507.1 261.7 194.8 1,016.2 29.7 986.5 338.5 7,789.6 SURVEY OF CURRENT BUSINESS August 2000 • 37 Table A.—Summary National Income and Product Accounts, 1999—Continued [Billions of dollars] Account 3.—Government Receipts and Expenditures Account Line Line Consumption expenditures (1-50) 1,325.7 12 Personal tax and nontax payments (2-1) 1,152.0 2 3 4 Transfer payments To persons (2-20) To the rest of the world (net) (4-7) 998.1 986.5 11.6 13 Corporate profits tax liability (1-13) 255.9 14 Indirect business tax and nontax liability (1-24) 718.1 5 Net interest paid (2-16) 261.7 6 Less: Dividends received by government (2-13) 15 16 17 Contributions for social insurance Employer (1-6) Personal (2-21) 662.1 323.6 338.5 .4 7 Subsidies less current surplus of government enterprises (1-25) 8 Less: Wage accruals less disbursements (1-4) 9 Current surplus or deficit (-), national income and product accounts (5-12) Federal State and local 10 11 28.4 0 GOVERNMENT CURRENT EXPENDITURES AND SURPLUS 174.4 124.4 50.0 2,788.0 GOVERNMENT CURRENT RECEIPTS 2,788.0 Account 4.—Foreign Transactions Account Line Line Exports of goods and services (1-48) Income receipts (1-32) 990.2 Imports of goods and services (1-49) 305.9 Income payments (1-33) Transfer payments to the rest of the world (net) From persons (net) (2-5) From government (net) (3-4) From business (1-23) Net foreign investment (5-3) RECEIPTS FROM THE REST OF THE WORLD 1,296.1 PAYMENTS TO THE REST OF THE WORLD 1,244.2 316.9 48.1 26.6 11.6 9.9 -313.2 1,296.1 Account 5.—Gross Saving and Investment Account Line Line Gross private domestic investment (1-40) Gross government investment (1-50) Net foreign investment (4-9) Personal saving (2-6) 1,650.1 308.7 Wage accruals less disbursements (private) (1-4) -313.2 Undistributed corporate profits with inventory valuation and capital consumption adjustments 7 8 9 10 11 Consumption of fixed capital (1-26) Private (1-27) Government (1-28) General government (1-29) Government enterprises (1-30) 12 Government current surplus or deficit (-), national income and product accounts (3-9) 13 GROSS INVESTMENT 1,645.6 NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For example, line 7 of account 1 is shown as "other labor income (2-8)"; the counterentry is shown in account 2, line 8. Statistical discrepancy (1-35) GROSS SAVING AND STATISTICAL DISCREPANCY 147.6 5.2 229.4 1,161.0 961.4 199.6 170.3 29.3 174.4 -71.9 1,645.6 38 • August 2000 SURVEY OF CURRENT BUSINESS Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures [Percent] Line 1996 1997 1997 1996 1999 2000 3.6 4.4 4.4 4.2 4.6 4.4 5.9 4.2 6.5 2.9 3.4 5.6 3.5 2.5 5.7 8.3 4.8 5.2 Personal consumption expenditures Durable goods Nondurable goods Services 3.2 5.6 2.9 2.8 3.6 6.6 2.9 3.3 4.7 10.6 4.0 3.9 5.3 12.4 5.6 3.7 2.9 4.5 10.5 3.0 4.2 1.9 -3.1 .7 3.5 6.6 4.8 9.4 4.7 4.0 4.3 4.1 4.3 4.3 4.9 23.9 5.2 1.3 5.7 8.6 7.8 5.6 23.1 6.0 3.9 5.8 13.9 5.8 4.3 4.1 15.0 3.8 4.6 5.0 8.0 4.9 4.5 5.9 13.0 7.4 3.8 7.6 23,6 6.0 5.2 3.0 -3.9 3.5 4.2 Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories 9.0 9.3 10.0 7.1 11.0 7.4 12.1 9.6 12.2 9.1 13.3 2.0 12.5 11.8 13.0 7.2 15.0 8.3 6.6 9.2 13.6 8.3 10.9 6.4 12.4 24.7 11.7 14.0 -2.9 20.4 5.1 2.3 14.7 19.1 16.3 20.0 2.1 33.1 17.4 20.1 -1.1 14.8 15.6 14.1 16.1 12.6 8.2 5.2 3.5 -4.7 6.5 3.3 9.2 9.5 -3.4 14.1 8.2 0 8.7 9.6 -6.2 15.2 5.9 15.0 7.8 11.8 -6.2 18.0 10.3 10.2 12.1 13.2 3.3 16.7 8.9 17.9 7.2 9.5 9.7 9.5 .5 5.1 16.4 21.0 22.3 20.6 3.2 21.2 15.3 19.1 13.0 21.0 3.9 12.3 14.5 7.0 13.7 14.2 10.9 -3.0 -6.7 -3.2 -.2 -10.0 5.5 4.6 9.8 15,1 16.9 10.8 12.2 14.4 2.2 -7.9 -9.6 5.8 7.2 2.8 16.2 19.0 2.5 10.2 15.9 -2.5 16.9 19.0 6.3 10.3 12.6 4.6 10.7 11.2 8.2 6.3 6.0 6.9 12.0 11.2 16.6 7.3 10.3 .2 17.0 17.0 17.1 Gross domestic product 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 10.1 -1.4 5.0 4.0 1.9 .7 6.2 10.0 23.0 7.9 24.6 9.6 14.1 6.4 5.9 2.3 2.2 2.4 11.9 11.8 12.2 2.9 4.0 .5 10.7 12.5 1.7 28.7 24.3 39.8 6.3 7.5 0 7.5 13.6 -5.8 15.3 14.5 20.0 17.6 21.1 9.4 18.8 21.5 5.7 10.6 12.5 6.0 17.3 16.2 23.1 -.8 .2 -3.3 6.4 6.0 8.3 1.0 -.6 5.2 14.2 13.1 20.0 2.4 2.1 3.3 2.4 1.1 6.4 2.2 .1 -1.0 7.3 1.4 2.8 3.7 .8 4.8 8.5 -1.1 6.0 -.4 -2.6 4.2 4.0 -.5 -1.7 1.8 3.6 2.5 2.0 3.4 3.8 -1.4 -2.4 .7 4.8 -4.4 -12.5 13.8 4.4 10.4 10.5 10.1 4.2 -1.1 .1 -3.3 4.1 -3.7 -2.2 -«.6 2.3 -9.1 12.9 13.1 12.5 4.4 -3.2 5.8 3.7 -2.4 16.1 2.3 -12 2.0 -2.3 10.2 .1 6.9 12.3 -2.2 3.7 13.2 12.6 14.4 6.1 -14.2 -19.8 -3.3 6.6 17.5 17.2 17.8 .5 6.4 8.4 6.6 6.7 5.6 7.5 4.2 6.5 5.6 8.3 4.5 5.1 1.9 ...„.„ -17.7 9.1 3.8 6.4 13.1 14.4 6.7 -17.6 4.0 -3.8 4.5 7.1 -7.7 -3.1 -.4 7.0 Addenda: Final sales of domestic product Gross domestic purchases Final sales to domestic purchasers Gross national product Disposable personal income NOTE.—Percent changes from preceding period in the current-dollar and price measures for these series are shown in table 8.1. Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product Seasonally adjusted at annual rates Line 1996 1997 1998 1997 1996 1998 2000 1999 Percent change at annual rate: 3.6 4.4 4.4 4.2 4.6 4.4 5.9 4.2 2.8 6.5 2.9 3.4 5.6 3.5 2.5 5.7 8.3 4.8 5.2 Personal consumption expenditures Durable goods Nondurable goods Services 2.14 .44 .60 1.10 2.39 .51 .58 1.29 3.12 .81 .79 1.53 3.52 1.94 .39 .79 .76 3.01 .78 .60 1.62 1.32 -.23 .16 1.40 4.29 1.60 1.16 1.52 2.20 .48 .12 1.61 3.24 .71 .93 1.60 3.77 1.02 1.10 1.65 2.83 .32 .84 1.67 3.29 1.72 1.02 .54 3.73 .67 1.48 1.58 3.67 1.14 .75 1.78 3.43 .64 .97 1.81 4.08 1.04 1.47 1.58 5.03 1.79 1.19 2.04 2.08 -.32 .72 1.68 Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories 1.37 1.39 1.10 .20 .91 .28 -.02 1.91 1.47 1.39 .26 1.13 .08 .44 2.06 1.15 1.53 1.26 -.05 1.30 .27 -.37 .15 .95 .1.12 .61 .51 2.06 1.24 1.20 .19 1.01 .04 .82 3.69 .38 2.20 2.12 .46 1.65 .09 -1.82 1.42 .69 .47 .21 .26 .22 .73 5.04 2.67 2.30 .25 2.05 .37 2.37 -.18 2.31 1.83 1.75 1.95 1.58 .11 1.47 .37 -.20 .60 1.49 1.15 -.11 1.26 .34 -.89 .01 1.43 1.18 -.20 250 1.33 1.47 -.19 1.66 -.13 1.17 3.04 1.26 1.22 .29 .94 .03 1.78 .92 2.68 2.54 .63 1.91 .14 -1.76 3.57 2.58 2.41 .40 .48 -2.50 1.40 .86 .44 -.16 .60 .41 .55 Net exports of goods and services Exports Goods Services Imports Goods Services -.15 -.29 2.10 2.86 1.75 1.12 -.76 -.76 -.84 1.19 -1.61 .13 -.05 .17 -1.73 -1.35 -.39 -1.91 -.34 -.55 .21 -1.57 -1.43 -.14 -.35 -.01 -.34 -.68 -.48 -.20 .05 1.54 1.21 .33 -1.49 -1.44 -.05 -1.44 -.89 -.76 -.13 -.55 -.72 .17 -.37 1.09 -.94 -.09 -1.03 .32 .30 .02 -1.35 -1.32 -.04 -1.08 1.35 1.12 .23 -1.64 -1.43 -.21 -1.20 .26 .18 .08 -1.04 .89 .68 .22 -1.95 -1.89 -.05 -.13 .15 -1.45 -1.28 -.17 -.94 .67 .46 .21 -1.61 -1.28 -.33 -1.51 .78 .77 .01 -2.29 -1.94 -.35 .21 .43 .13 .84 1.50 -.18 1.05 -.06 -.06 0 .27 -.03 -.12 .41 .79 .48 .30 .71 -.93 -.86 -.07 .75 .61 .37 .07 Gross domestic product Percentage points at annual rates: Government consumption expenditures and gross investment. Federal National defense Nondefense State and local -1.04 .09 .45 1.87 1.54 .22 1.32 .33 .20 -1.46 -1.21 -.24 -.03 -.07 .04 .41 .96 1.10 1.46 -.17 -.80 -.92 .84 .43 1.40 .99 .20 -2.03 -1.39 -.37 -.27 1.90 1.59 .31 -5.17 -2.05 -.11 -1.60 -.43 -.88 -.10 .02 -.11 -.79 -.62 -.17 .45 .21 1.14 .40 .03 1.24 .25 .50 .64 -.09 -.10 .02 .54 -.29 -.07 .01 -.07 .46 -.24 -.09 .75 .49 .26 .49 -.20 .23 -.42 .45 .23 -.09 .32 .27 -.13 -.12 1.04 -.20 -1.76 -.58 .29 .50 NOTE.—More detailed contributions to percent change in real gross domestic product are shown in table 8.2. Contributions to percent change in major components of real gross domestic product are shown in tables 8.3 through 8.6. 1.76 1.56 -.09 1.65 .20 1.93 -.15 .27 -.79 .20 .44 -.01 .78 1.38 .25 -1.42 -1.35 .60 .51 .08 1.05 1.13 -.08 -2.13 -1.99 .46 -.05 .43 .94 2.01 .17 .99 August 2000 • SURVEY OF CURRENT BUSINESS 39 1. National Product and Income_ Table 1.1.—Gross Domestic Product [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 1996 1999 1997 2000 1998 7,813.2 8,318.4 8,790.2 9,299.2 7,981.4 8,124.2 8,279.8 8,390.9 8,478.6 8,634.7 8,722.0 8,829.1 8,974.9 9,104.5 9,191.5 9,340.9 9,559.7 9,752.7 9,937.3 Gross domestic product 5,237.5 5,529.3 5,850.9 6,268.7 5,337.9 5,429.9 5,470.8 5,575.9 5,640.6 5,712.6 5,811.4 5,893.4 5,986.0 6,095.3 6,213.2 6,319.9 6,446.2 6,621.7 6,709.0 Personal consumption expenditures 624.4 652.4 723.4 733.9 756.3 787.6 816.8 616.5 635.1 689.3 692.5 767.2 826.3 642.5 693.9 761.3 621.5 658.3 670.5 1,574.1 1,641.6 1,707.6 1,845.5 1,608.4 1,626.8 1,627.3 1,653.1 1,659.0 1,672.5 1,694.8 1,717.9 1,745.2 1,786.4 1,825.3 1,860.0 1,910.2 1,963.9 1,997.6 3,219.1 3,270.4 3,517.4 3,692.7 3,245.2 3,661.9 3,107.9 3,369.7 3,575.0 3,631.5 3,748.5 3,894.5 3,047.0 3,168.0 3,427.4 3,482.9 3,831.6 3,449.3 3,323.3 Durable goods Nondurable goods Services 1,242.7 Gross private domestic investment 1,390.5 1,549.9 1,650.1 1,284.3 1,324.2 1,397.7 1,405.7 1,434.5 1,532.1 1,523.9 1,553.0 1,590.8 1,609.8 1,607.9 1,659.1 1,723.7 1,755.7 1,848.9 1,212.7 1,327.7 1,472.9 1,606.8 1,250.9 1,275.5 1,310.0 1,355.8 1,369.3 1,419.7 899.4 984.3 1,026.0 1,031.8 1,073.0 999.4 1,107.5 1,203.1 933.7 955.5 247.7 260.6 275.1 225.0 255.8 283.2 285.6 240.3 246.9 267.9 736.6 765.4 797.9 743.6 824.3 917.4 693.4 674.4 708.6 764.0 325.7 329.8 346.7 328.2 365.4 403.8 317.2 313.3 320.0 337.5 87.7 49.9 112.4 77.0 43.3 33.5 30.0 48.8 65.1 Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services -89.0 -151.5 -79.7 -254.0 874.2 966.4 990.2 966.0 618.4 688.9 682.0 699.2 255.8 277.5 284.0 291.0 963.1 1,055.8 1,117.5 1,244.2 808.3 885.1 930.5 1,048.6 154.8 170.7 187.0 195.6 Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment. 1,421.9 531.6 357.0 174.6 890.4 Federal National defense Nondefense State and local -89.2 -75.0 1,438.9 1,459.2 1,486.3 538.2 540.6 568.6 352.6 349.2 365.0 185.6 191.4 203.5 949.7 1,000.3 1,065.8 529.4 355.0 174.5 909.4 529.2 346.4 182.8 930.0 543.4 355.0 188.4 942.9 1,540.9 -117.5 -151.8 -167.6 -196.1 -240.4 988.7 913.1 927.8 982.4 947.8 978.3 957.3 973.0 975.0 962.8 706.7 639.0 658.2 702.3 668.3 690.9 671.3 688.5 692.9 675.8 682.1 282.0 274.0 269.6 280.1 279.5 287.4 286.0 278.2 282.1 287.0 290.9 992.8 1,017.1 1,041.7 1,077.3 1,087.0 1,092.6 1,114.7 1,115.4 1,147.3 1,153.4 1,213.4 903.1 834.3 852.3 910.3 926.0 954.8 965.0 1,020.4 874.5 911.9 929.2 174.1 158.5 164.8 176.6 189.4 192.5 188.4 167.2 180.6 185.4 193.0 1,634.4 1,487.9 -104.6 1,465.4 1,482.4 1,524.1 1,560.6 1,593.4 1,622.4 1,105.8 1,110.5 1,140.7 1,165.3 1,188.0 1,216.8 287.2 281.2 283.9 287.6 286.3 283.7 878.1 935.6 826.6 853.1 819.5 904.3 395.3 405.6 371.9 383.4 359.6 405.4 49.2 36.7 70.5 66.6 58.5 14.5 1,508.2 1,507.6 538.9 354.4 184.5 969.3 528.0 338.6 189.3 979.6 541.3 354.7 186.6 956.6 1,567.2 -280.5 1,651.0 1,242.2 290.4 951.8 408.8 72.7 1,725.8 1,795.2 1,308.5 1,371.6 308.9 321.1 999.6 1,050.6 417.3 423.6 29.9 53.7 -299.1 -335.2 -366.5 1,051.9 1,075.5 769.0 747.5 306.4 290.7 296.4 304.4 1,280.0 1,330.1 1,387.1 1,442.0 1,081.7 1,127.3 1,176.1 1,225.1 216.9 211.0 198.3 202.8 999.5 1,031.0 708.9 734.6 1,610.9 1,642.4 1,710.4 1,746.0 554.1 541.4 544.9 548.0 558.3 349.3 355.0 353.8 356.5 355.3 195.6 194.2 203.0 186.4 197.6 993.7 1,008.9 1,019.2 1,041.4 1,052.6 570.4 367.5 202.8 1,072.1 580.1 591.6 366.6 380.8 210.7 213.5 1,097.3 1,130.4 604.7 382.2 2225 1,141.2 1,538.6 1,550.3 1,595.5 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.2.—Real Gross Domestic Product [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 5,237.5 Services Gross private domestic investment ... 1999 1997 1996 1,242.7 1,393.3 -113.3 '..... !.... Government consumption expenditures and gross investment. 1,566.8 1,669.7 1,283.7 1,325.4 -221.0 -322.4 874.2 981.5 1,003.6 1,033.0 618.4 708.1 752.2 723.6 255.8 273.6 281.7 280.3 963.1 1,094.8 1,224.6 1,355.3 808.3 923.1 1,032.0 1,161.1 154.8 171.7 192.6 195.9 -74.6 1,609.9 1,623.2 1,623.1 1,311.1 1,356.7 1,371.3 1,427.4 1,477.6 1,496.4 1,539.7 992.7 1,037.0 1,047.0 1,096.0 1,136.4 1,146.3 1,182.3 263.0 248.5 239.3 257.5 265.1 266.2 252.7 885.2 788.9 753.7 839.4 871.3 794.5 920.0 350.9 320.3 318.7 332.4 342.4 324.9 358.5 73.1 51.3 88.3 117.3 60.9 66.1 1,574.0 1,209.4 262.9 950.9 365.7 48.1 1,607.1 1,237.5 258.7 985.0 -244.9 -279.8 -314.6 1,400.6 1,408.6 1,438.5 1,545.1 1,540.8 1,571.4 1,751.6 1,773.6 1,860.8 1,637.8 1,666.6 1,730.9 1,793.6 1,272.5 1,301.8 1,365.3 1,426.2 282.5 274.0 260.6 254.6 1,026.6 1,050.1 1,100.4 1,154.2 371.4 375.0 368.5 368.0 370.9 36.6 60.3 39.1 80.9 13.1 -376.8 -416.1 1,104.2 818.0 288.6 1,520.3 1,305.5 216.8 -94.0 -100.6 -119.6 -139.2 -175.3 -219.8 -544.1 1,421.9 1,455.4 1,486.4 1,536.1 1,430.6 1,434.6 1,457.0 1,464.8 1,465.3 1,461.6 1,487.6 1,492.9 1,503.3 1,517.1 1,519.9 531.6 357.0 174.6 890.4 529.6 347.7 181.8 925.8 526.9 341.7 185.2 959.2 540.1 348.5 191.5 995.6 527.6 353.3 174.4 903.0 521.7 341.6 180.1 912.8 534.8 350.3 184.5 922.2 533.4 350.4 182.9 931.4 528.4 348.5 179.8 936.8 515.9 332.0 183.8 945.5 531.8 342.4 189.3 955.7 527.5 347.2 180.3 965.1 532.4 345.1 187.2 970.7 529.5 342.4 187.0 987.2 532.1 340.3 191.6 987.5 -.6 .5 -1.8 3.4 3.2 -2.3 -.7 2.8 -.2 1,680.8 1,024.1 1,003.3 1,017.6 1,042.6 1,068.4 1,084.8 979.2 1,004.2 1,002.1 1,004.5 940.3 996.8 923.5 726.8 672.8 735.7 727.1 705.8 651.7 763.4 786.5 741.6 723.1 713.2 713.5 726.0 798.1 267.6 277.7 271.6 278.9 275.4 273.7 280.5 283.7 283.0 280.3 282.3 275.9 283.2 288.5 998.1 1,034.3 1,079.8 1,123.8 1,141.2 1,179.8 1,216.6 1,232.9 1,269.0 1,283.1 1,332.2 1,385.2 1,420.9 1,461.7 869.6 840.7 992.0 1,025.8 1,037.4 1,072.9 1,091.4 1,139.9 1,190.5 1,222.5 1,255.3 961.9 948.0 913.0 164.7 157.3 187.8 193.7 196.7 195.4 179.4 175.9 166.9 200.6 196.4 192.5 190.8 208.4 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. 2000 1998 5,423.9 5,678.7 5,978.8 5,291.9 5,350.7 5,375.7 5,462.1 5,507.1 5,572.4 5,651.6 5,711.0 5,779.8 5,860.2 5,940.2 6,013.8 6,101.0 6,213.5 1,212.7 1,328.6 1,485.3 1,621.4 1,250.2 1,275.4 899.4 1,009.3 1,140.3 1,255.3 960.8 936.2 225.0 241.1 263.0 237.3 245.4 259.2 674.4 719.6 879.0 1,003.1 698.8 764.2 313.3 314.7 346.1 314.0 319.7 368.3 30.0 49.3 80.2 32.9 63.8 45.3 Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services Residual 1998 889.4 625.7 898.2 782.7 696.4 670.5 636.5 616.5 851.8 826.2 810.5 766.7 726.7 719.4 641.5 817.8 727.3 657.3 680.9 1,574.1 1,619.9 1,684.8 1,779.4 1,593.9 1,605.6 1,608.2 1,631.7 1,634.1 1,652.8 1,676.3 1,694.2 1,716.0 1,748.5 1,765.0 1,786.1 1,818.1 1,844.8 1,860.9 3,047.0 3,147.0 3,269.4 3,390.8 3,072.2 3,103.7 3,130.6 3,160.6 3,193.0 3,224.5 3,258.2 3,292.4 3,302.8 3,335.8 3,373.4 3,411.1 3,443.0 3,487.2 3,523.6 Durable goods Nondurable goods Federal National defense Nondefense State and local 1997 7,813.2 8,159.5 8,515.7 8,875.8 7,931.3 8,016.4 8,131.9 8,216.6 8,272.9 8,404.9 8,465.6 8,537.6 8,654.5 8,730.0 8,783.2 8,905.8 9,084.1 9,191.8 9,308.8 Gross domestic product Personal consumption expenditures Exports Goods Services Imports Goods Services 1996 -.5 -342.6 1,537.8 -352.5 1,569.5 1,565.1 1,588.2 537.1 559.1 558.1 541.0 350.4 355.3 360.9 341.5 190.5 203.6 197.1 195.4 996.4 1,011.2 1,027.4 1,028.7 .1 -3.2 -8.0 -9.0 Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to the percent change in real gross domestic product are shown in table 8.2. Chain-type quantity indexes for the series in this table are shown in table 7.1. 40 August 2000 SURVEY OF CURRENT BUSINESS Table 1.3.—Gross Domestic Product by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1996 2000 1997 I 7,813.2 8,318.4 8,790.2 9,299.2 7,981.4 8,124.2 8,279.8 Gross domestic product 8,478.6 8,634.7 8,722.0 8,829.1 8,974.9 9,104.5 9,191.5 9,340.9 9,559.7 9,752.7 9,937.3 7,783.2 8,255.5 8,713.2 9,255.9 7,947.9 8,075.4 8,192.1 8,341.1 8,413.5 8,522.4 8,663.5 8,758.5 8,908.3 9,055.3 9,177.0 9,304.2 9,486.9 9,722.8 30.0 62.9 77.0 43.3 87.7 72.7 33.5 48.8 65.1 70.5 66.6 49.2 36.7 29.9 49.9 58.5 14.5 112.4 Final sales of domestic product Change in private inventories 53.7 2,951.3 3,145.4 3,316.4 3,510.2 3,005.9 3,070.3 3,140.6 3,176.8 3,194.0 3,288.4 3,271.6 3,313.1 3,392.2 3,423.7 3,451.2 3,527.3 3,638.7 3,710.2 3,791.3 Goods Final sales Change in private inventories . 2,921.3 3,082.5 3,239.3 3,466.9 2,972.4 3,021.5 3,052.9 3,126.9 3,128.8 3,176.0 3,213.1 3,242.6 3,325.6 3,374.5 3,436.7 3,490.6 3,566.0 3,680.3 3,737.6 30.0 77.0 53.7 62.9 43.3 33.5 48.8 87.7 112.4 66.6 49.2 36.7 72.7 49.9 65.1 70.5 14.5 29.9 58.5 Durable goods Final sales Change in private inventories . 1,351.0 1,469.3 1,578.1 1,678.3 1,368.4 1,414.4 1,476.6 1,492.0 1,494.1 1,562.6 1,550.5 1,574.3 1,624:9 1,626.1 1,640.9 1,697.1 1,749.3 1,794.4 1,851.9 1,331.9 1,436.2 1,532.3 1,651.1 1,359.8 1,388.4 1,418.3 1,472.3 1,465.8 1,498.4 1,521.3 1,529.6 1,579.7 1,597.3 1,635.9 1,669.4 1,701.8 1,773.7 1,810.3 19.1 45.8 27.2 8.6 20.7 33.1 26.0 58.3 28.2 64.2 44.7 45.2 28.8 5.0 27.6 47.5 41.6 19.8 29.2 Nondurable goods Final sales Change in private inventories . 1,600.3 1,676.1 1,738.3 1,831.9 1,637.5 1,655.9 1,664.0 1,684.8 1,725.8 1,721.1 1,738.8 1,767.3 1,797.6 1,810.3 1,830.2 1,889.4 1,915.8 1,939.4 1,589.4 1,646.3 1,707.1 1,815.8 1,612.7 1,633.1 1,634.6 1,654.7 1,663.0 1,677.6 1,691.8 1,713.0 1,745.9 1,777.2 1,800.8 1,821.1 1,864.1 1,906.6 1,927.3 21.4 20.4 36.9 9.2 25.2 31.2 16.1 22.8 12.1 10.9 29.8 24.8 29.4 29.3 25.9 30.1 48.2 9.5 9.1 5,135.2 4,532.2 4,757.3 4,831.8 5,226.7 4,191.0 4,442.0 4,673.0 4,934.6 4,282.4 4,343.4 4,418.7 4,473.9 4,575.1 4,654.1 4,705.4 4,891.2 4,965.2 5,050.3 907.4 752.4 825.4 870.7 919.3 670.9 730.9 800.9 854.3 693.1 710.5 720.5 740.2 771.3 796.3 810.5 849.1 848.5 Services Structures Addenda: Motor vehicle output Gross domestic product less motor vehicle output 275.6 293.7 314.9 346.6 273.5 284.0 281.3 299.5 310.1 310.1 303.8 301.2 344.3 337.4 338.6 352.6 357.8 7,537.6 8,024.7 8,475.3 8,952.5 7,707.8 7,840.2 7,998.5 8,091.5 8,168.6 8,324.7 8,418.2 8,527.9 8,630.6 8,767.1 8,852.9 8,988.3 9,201.8 355.9 358.4 9,578.8 NOTE.—Percent changes from preceding period for gross domestic product and for final sales of domestic product are shown in table 8.1. Table 1.4.—Real Gross Domestic Product by Major Type of Product [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1999 1997 1997 1996 1998 2000 1999 Gross domestic product . 7,813.2 8,159.5 8,515.7 8,875.8 7,931.3 8,016.4 8,131.9 8,216.6 8,272.9 8,404.9 8,465.6 8,537.6 8,654.5 8,730.0 8,783.2 8,905.8 9,084.1 9,191.8 9,308.8 Final sales of domestic product. Change in private inventories .... 7,783.2 8,095.2 8,435.2 8,826.9 7,897.6 7,966.4 8,043.2 8,164.9 8,206.3 8,289.4 8,402.7 8,463.4 8,585.0 8,680.3 8,764.9 8,861.8 9,000.5 9,148.0 9,242.1 39.1 80.2 60.3 36.6 80.9 13.1 69.4 60.9 117.3 66.1 51.3 88.3 49.3 32.9 45.3 63.8 30.0 48.1 73.1 Residual . Goods Final sales Change in private inventories Durable goods Final sales Change in private inventories Nondurable goods Final sales Change in private inventories Services Structures . Residual Addenda: Motor vehicle output Gross domestic product less motor vehicle output 0 .5 .3 3.6 .8 .7 .4 .5 -1.8 2.0 1.1 .1 1.6 5.2 4.9 2.7 7.2 6.4 2,921.3 3,081.3 3,258.7 3,495.7 2,973.6 3,015.4 3,045.7 3,127.5 3,136.4 3,187.1 3,231.1 3,261.2 3,355.5 3,401.1 3,459.8 3,522.4 3,599.6 3,699.5 3,737.0 60.3 36.6 80.9 39.1 69.4 80.2 63.8 48.1 60.9 117.3 66.1 51.3 88.3 49.3 32.9 45.3 30.0 73.1 13.1 1,604.7 1,637.0 1,703.4 1,713.7 1,735.4 1,805.5 1,867.8 1,919.7 1,978.5 1,351.0 1,491.1 1,638.4 1,780.6 1,372.6 1,421.1 1,493.3 1,519.6 1,530.5 1,331.9 1,457.5 1,591.2 1,752.5 1,364.0 1,394.9 1,434.3 1,499.4 1,501.5 1,542.6 1,574.7 1,590.8 1,656.7 1,684.0 1,730.9 1,776.9 1,818.2 1,899.0 1,935.4 29.7 42.5 48.9 28.6 5.2 46.6 45.9 65.3 28.7 58.8 26.2 8.7 28.2 46.9 21.2 30.0 20.0 33.4 19.1 1,600.3 1,655.3 1,704.3 1,769.1 1,634.4 1,644.4 1,642.6 1,660.5 1,673.8 1,698.1 1,691.5 1,701.6 1,726.2 1,740.3 1,745.0 1,766.9 1,824.2 1,832.3 1,838.6 1,589.4 1,624.4 1,670.2 1,749.3 1,609.5 1,620.4 1,611.8 1,629.2 1,636.0 1,646.4 1,658.7 1,672.9 1,702.7 1,721.2 1,734.6 1,752.7 1,788.9 1,811.5 1,814.7 18.3 32.1 23.1 24.2 15.5 10.5 7.9 18.0 22.6 27.1 31.2 52.1 37.4 29.6 17.1 33.3 30.4 10.9 31.3 4,711.4 4,191.0 4,307.6 4,427.1 4,563.3 4,238.6 4,254.7 4,297.2 4,325.3 4,353.1 4,372.2 4,422.6 4,445.6 4,468.0 4,503.4 4,537.8 4,581.1 4,631.0 4,659.3 670.9 0 706.9 751.8 776.5 -.7 -4.8 -11.1 685.5 696.5 700.4 713.2 717.6 731.7 750.7 758.6 766.4 781.3 774.7 768.1 781.9 804.9 -.2 -1.8 -1.4 -5.4 -2.0 -3.3 -8.5. -7.9 -7.9 -12.1 -16.9 -19.6 -23.1 359.0 359.3 357.9 301.2 348.2 340.3 341.6 352.0 294.1 317.9 348.2 272.5 281.9 281.3 299.3 313.8 313.5 308.6 275.6 7,537.6 7,865.4 8,198.2 8,528.8 7,658.8 7,734.4 7,850.4 7,917.4 7,959.5 8,091.6 8,157.1 8,236.1 8,307.9 8,390.8 8,442.6 8,555.1 8,726.5 8,833.7 8,951.6 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product and of change in private inventories; the residual line following structures .4 2,951.3 3,145.9 3,340.0 3,543.8 3,007.1 3,065.5 3,135.2 3,179.3 3,203.5 3,304.6 3,294.1 3,335.9 3,425.4 3,450.0 3,475.6 3,565.3 3,684.4 3,741.9 3,803.8 is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and of structures. Percent changes from preceding period for gross domestic product and for final sales of domestic product are shown in table 8.1. Chain-type quantity indexes tor the series in this table are shown in table 7.17. SURVEY OF CURRENT BUSINESS August 2000 • 41 Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1997 1996 1999 IV 7,813.2 Gross domestic product Less: Exports of goods and services 874.2 963.1 Plus: Imports of goods and services Equals: Gross domestic purchases 990.2 1,244.2 7,902.1 8,407.7 8,941.7 9,553.2 Equals: Final sales to domestic purchasers . 62.9 913.1 992.8 927.8 1,017.1 966.8 1,041.7 988.7 982.4 1,077.3 1,087.0 975.0 1,092.6 43.3 33.5 48.8 7,872.1 8,344.8 8,864.7 9,509.9 8,027.6 8,164.6 87.7 49.9 65.1 9,104.5 978.3 957.3 962.8 947.8 1,114.7 1,115.4 1,147.3 1,153.4 8,061.1 8,213.4 8,354.7 8,479.5 8,583.2 8,752.3 8,873.8 77.0 30.0 Less: Change in private inventories 8,318.4 8,790.2 9,299.2 7,981.4 8,124.2 8,279.8 8,390.9 8,478.6 8,634.7 8,722.0 8,829.1 8,974.9 966.4 966.0 1,055.8 1,117.5 2000 I I 112.4 8,996.7 58.5 9,143.9 8,267.1 8,429.6 8,518.0 8,639.9 8,815.3 8,926.1 9,077.3 9,752.7 9,937.3 1,051.9 1,387.1 1,075.5 1,442.0 9,621.4 9,858.8 10,087.9 10,303.8 9,300.6 9,432.0 29.9 53.7 9,251.4 9,417.4 9,584.7 9,786.1 10,058.0 10,250.1 49.2 70.5 9,559.7 973.0 999.5 1,031.0 1,213.4 1,280.0 1,330.1 9,191.5 9,340.9 36.7 14.5 72.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1997 1997 1999 1999 1998 2000 I Gross domestic product 7,813.2 8,159.5 8,515.7 8,875.8 Less: Exports of goods and services 874.2 963.1 Plus: Imports of goods and services 981.5 1,003.6 1,033.0 1,094.8 1,224.6 1,355.3 7,902.1 8,271,7 8,727.9 Equals: Gross domestic purchases 30.0 Less: Change in private inventories 63.8 80.2 7,872.1 8,207.3 8,647.2 Equals: Final sales to domestic purchasers . 7,931.3 923.5 998.1 9,179.1 8,006.5 45.3 32.9 8,654.5 8,730.0 8,783.2 8,905.8 9,084.1 9,191.8 9,308.8 996.8 988.8 1,024.1 1,216.6 1,232.9 1,269.0 1,003.3 1,017.6 1,042.6 1,068.4 1,283.1 1,332.2 1,385.2 1,420.9 1,084.8 1,461.7 1,104.2 1,520.3 8,996.2 9,079.6 9,226.7 9,414.1 9,543.6 9,695.8 8,016.4 8,131.9 8,216.6 8,272.9 8,404.9 8,465.6 8,537.6 940.3 1,034.3 979.2 1,004.2 1,002.1 1,079.8 1,123.8 1,141.2 1,004.5 1,179.8 8,110.6 8,232.3 8,334.5 8,409.4 8,575.2 8,676.8 8,771.4 49.3 9,130.3 7,972.7 8,060.6 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. 88.3 51.3 66.1 60.9 117.3 73.1 69.4 48.1 13.1 39.1 8,143.4 8,282.8 8,342.7 8,459.3 8,613.9 8,697.1 8,818.6 8,946.5 9,061.5 9,182.8 9,330.4 36.6 60.3 9,499.9 9,629.0 Percent changes from preceding period for selected series in this table are shown in table 8.1. Chain-type quantity indexes for selected series in this table are shown in table 7.2. Table 1.7.—Gross Domestic Product by Sector [Billions of dollars] Line 1996 1997 1997 2000 1998 I Gross domestic product . Business1 Nonfarm 2 Nonfarm less housing . Housing Farm 7,813.2 8,318.4 8,790.2 9,299.2 7,981.4 8,124.2 8,279.8 8,390.9 8,478.6 8,634.7 8,722.0 8,829.1 8,974.9 9,104.5 9,191.5 9,340.9 9,559.7 9,752.7 6,556.0 7,010.5 7,425.7 7,872.4 6,709.1 6,833.3 6,977.9 7,077.3 7,153.5 7,292.7 7,365.2 7,456.5 7,588.5 7,697.9 7,773.0 7,908.0 8,110.8 8,277.9 8,441.6 7,837.1 8,041.1 7,088.4 7,280.5 760.6 748.7 69.8 70.9 8,207.0 7,431.1 Households and institutions . Private households ... Nonprofit institutions . 3 General government . Federal State and local 7,798.2 6,619.8 7,054.0 5,966.2 744.3 653.7 89.3 74.2 6,890.0 6,988.5 7,065.9 6,226.3 6,319.8 6,390.5 658.9 663.7 668.7 675.4 87.6 88.9 87.9 88.7 6,922.2 5,820.9 6,255.6 642.8 666.7 88.3 92.2 7,345.0 6,642.7 702.3 80.8 348.6 363.2 385.1 401.7 355.8 357.8 360.8 364.9 369.4 376.5 382.9 12.0 336.5 12.0 351.2 14.0 371.2 11.5 390.3 11.9 343.8 11.7 346.1 11.8 349.0 12.1 352.8 12.6 356.8 13.9 362.6 14.2 368.8 908.7 944.6 979.3 1,025.0 916.5 933.1 941.1 948.7 955.7 965.5 292.0 616.7 295.4 649.2 298.6 680.7 309.5 715.5 290.9 625.6 296.2 636.9 295.9 645.2 295.4 653.3 294.2 661.5 297.2 668.3 6,463.8 6,744.5 6,085.6 1. Equals gross domestic product less gross product of households and institutions and of general government. 2. Equals gross domestic business product less gross farm product. 7,508.8 6,790.2 7,695.4 6,957.3 729.7 738.2 78.6 77.6 9,937.3 71.0 8,366.2 7,581.5 784.7 75.4 392.8 396.4 399.9 403.2 407.4 412.0 418.0 14.1 374.2 13.8 379.1 13.1 383.3 12.2 387.7 11.0 392.2 9.5 397.9 9.1 402.9 9.3 408.7 973.8 984.3 993.6 1,010.2 1,018.7 1,029.7 1,041.4 1,062.7 1,077.6 297.4 676.5 299.1 685.2 300.6 693.0 311.7 729.8 322.9 739.8 328.2 749.4 7,208.7 7,284.0 7,378.3 6,525.0 6,586.9 6,668.5 709.8 697.0 683.7 78.1 81.3 84.0 718.6 79.6 7,619.3 308.3 701.8 308.3 710.3 309.7 720.0 775.9 3. Equals compensation of general government employees plus general government consumption of fixed capital as shown in table 3.7. Table 1.8.—Real Gross Domestic Product by Sector [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line Gross domestic product . Nonfarm 2 Nonfarm less housing . Housing Farm 1996 1997 1997 2000 7,813.2 8,159.5 8,515.7 8,875.8 7,931.3 8,016.4 8,131.9 8,216.6 8,272.9 8,404.9 8,465.6 8,537.6 8,654.5 8,730.0 8,783.2 8,905.8 9,084.1 9,191.8 9,308.8 6,556.0 6,881.8 7,215.9 7,557.0 6,667.9 6,748.1 6,857.1 6,934.5 6,987.5 7,113.5 7,168.7 7,234.5 7,346.8 7,417.5 7,467.0 7,585.1 7,758.4 7,859.0 7,965.4 6,463.8 6,778.9 7,114.7 7,450.2 5,820.9 6,130.0 6,452.5 6,767.8 683.1 642.8 649.0 662.6 92.2 103.6 100.2 106.3 6,574.2 5,926.8 647.4 93.7 6,649.1 6,755.9 6,827.8 6,000.7 6,107.3 6,179.4 648.7 648.5 648.5 99.3 101.6 108.0 7,069.0 7,133.6 7,245.3 6,407.9 6,466.8 6,577.0 661.4 667.1 668.9 98.7 99.9 100.2 7,311.4 7,357.3 7,479.2 7,652.7 6,637.0 6,678.6 6,794.1 6,961.6 674.9 679.3 685.9 692.3 111.4 103.1 106.1 104.5 7,749.9 7,050.6 700.6 107.3 7,857.4 7,154.5 704.5 105.3 368.7 370.7 372.7 374.7 376.0 377.7 378.7 380.9 382.3 384.4 12.1 353.4 13.4 355.3 13.5 357.2 13.3 359.4 12.9 361.8 12.2 363.8 11.3 366.4 10.1 368.7 8.6 372.3 8.2 374.2 8.2 376.3 919.6 920.1 923.0 926.7 931.0 933.9 937.6 939.7 943.6 947.4 953.5 962.2 288.2 631.4 285.4 634.6 285.9 637.1 286.0 640.7 286.7 644.2 287.0 646.9 286.7 650.8 286.0 653.5 286.3 657.1 287.0 660.2 289.1 664.2 294.1 668.0 -1.5 -.8 -.4 -.2 -1.5 -.9 -1.0 -2.4 -2.1 348.6 360.5 371.7 378.3 352.3 355.2 Private househojds Nonprofit institutions 12.0 336.5 11.7 348.8 13.3 358.4 10.6 367.8 11.8 340.5 11.6 343.6 11.5 347.3 11.7 350.9 General government3 908.7 917.3 928.7 942.1 911.1 913.0 916.2 292.0 616.7 287.9 629,3 286.4 642.2 286.5 655.4 289.8 621.4 289.4 623.7 288.6 627.6 .1 -.8 .1 -1.7 -.1 -.4 -.7 Households and institutions . Federal State and local Residual 1. Equals 2. Equals 3. Equals as shown in gross domestic product less gross product of households and institutions and of general government. gross domestic business product less gross farm product. compensation of general government employees plus general government consumption of fixed capital table 3.8. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity 6,882.7 6,232.5 650.3 105.4 362.6 7,011.1 6,358.2 653.2 102.2 indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.14. 42 • August 2000 SURVEY OF CURRENT BUSINESS Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income [Billions of dollars] Seasonally adjusted at annual rates Line Gross domestic product Plus: Income receipts from the rest of the world .... Less: Income payments to the rest of the world 1997 1996 1997 1998 7,813.2 8,318.4 8,790.2 9,299.2 7,981.4 8,124.2 8,279.8 8,390.9 8,478.6 8,634.7 8,722.0 8,829.1 8,974.9 9,104.5 9,191.5 9,340.9 9,559.7 9,752.7 245.6 227.5 281.3 274.2 285.4 288.9 305.9 316.9 259.8 243.5 268.1 260.4 282.6 270.6 289.5 282.8 285.0 283.2 289.3 283.8 292.6 289.6 277.2 291.4 282.6 290.9 281.9 289.2 295.9 305.6 314.4 328.0 331.2 344.6 350.9 358.6 7,831.2 8,325.4 9,327.3 9,546.3 9,745.0 1996 2000 9,937.3 8,786.7 9,288.2 7,997.7 8,131.8 8,291.8 8,397.7 8,480.4 8,640.3 8,725.0 8,814.9 8,966.6 9,097.2 9,181.8 1,013.3 1,077.3 832.4 889.4 844.5 911.3 12.1 21.9 180.9 188.0 154.6 160.4 26.3 27.5 1,161.0 961.4 984.9 23.5 199.6 170.3 29.3 975.3 798.9 801.8 2.9 176.4 150.9 25.5 989.7 811.5 818.9 7.4 178.2 152.4 25.8 1,005.2 825.1 836.1 11.0 180.1 154.0 26.2 1,021.0 839.5 853.1 13.6 181.5 155.1 26.4 1,037.4 853.6 869.9 16.3 183.8 157.0 26.7 1,050.9 866.0 885.8 19.8 184.9 157.9 27.0 1,067.1 880.6 902.3 21.7 186.4 159.1 27.3 1,086.0 897.1 919.6 22.5 188.9 161.2 27.7 1,105.3 913.8 937.6 23.8 191.5 163.4 28.2 1,124.9 930.3 956.2 25.9 194.6 166.0 28.6 1,148.8 1,181.8 1,188.5 1,215.4 1,242.4 951.0 980.8 983.5 1,005.6 1,028.3 975.2 1,000.6 1,007.7 1,026.3 1,043.9 24.2 19.8 24.2 20.8 15.6 197.8 201.0 205.0 209.8 214.1 168.7 171.5 175.0 179.1 182.8 29.1 29.5 30.0 30.7 31.3 6,875.0 7,312.1 7,709.3 8,127.1 7,022.4 7,142.1 7,286.6 7,376.6 7,443.1 7,589.4 7,657.9 7,728.8 7,861.3 7,972.3 8,033.0 8,145.5 8,357.7 8,529.6 620.0 34.4 32.8 22.6 646.2 36.8 29.7 19.1 679.6 38.0 644.3 35.2 22.3 22.2 632.0 35.7 40.6 21.1 643.8 36.7 69.5 19.2 654.1 37.2 26.9 18.0 655.0 37.6 679.2 38.2 -18.0 18.2 664.4 37.1 16.4 17.8 671.9 37.9 -24.8 21.5 718.1 39.7 -71.9 28.4 -20.8 17.8 -63.7 18.0 702.7 38.8 -31.0 32.4 697.2 38.9 -53.6 22.9 707.9 39.3 -76.8 29.7 721.6 39.9 -89.5 19.5 745.5 40.6 -67.8 41.4 755.9 41.3 -77.7 23.5 6,210.4 6,618.4 7,038.1 7,469.7 6,342.9 6,454.8 6,555.8 6,676.4 6,786.7 6,986.7 7,093.0 7,183.2 7,312.7 7,392.3 7,493.1 7,680.7 7,833.5 754.0 833.8 815.0 856.0 775.8 798.5 825.6 858.3 852.7 824.5 814.0 818.0 803.4 852.0 836.8 842.0 893.2 386.3 555.8 3.6 810.6 297.4 902.4 26.4 423.9 587.8 -2.9 864.0 334.9 934.4 27.9 482.7 622.1 2.1 940.8 351.1 954.3 28.7 507.1 662.1 5.2 963.7 370.3 986.5 29.7 393.3 566.1 3.6 824.6 310.9 911.5 26.8 402.2 576.4 429.0 590.8 446.8 600.9 464.4 610.8 -2.9 871.9 340.3 937.1 28.1 -2.9 895.1 346.7 938.5 28.3 2.1 917.7 348.4 948.7 28.4 483.5 617.8 2.1 940.6 349.4 951.7 28.6 493.3 625.8 2.1 954.5 351.0 957.0 28.8 489.8 634.0 -2.9 834.8 321.1 928.7 27.3 417.5 583.2 -5.9 854.1 331.5 933.2 27.7 2.1 950.3 355.7 959.8 29.1 490.1 648.2 5.2 945.1 360.8 975.7 29.4 494.1 657.0 5.2 951.3 366.8 982.6 29.6 513.8 666.9 5.2 969.4 373.5 990.4 29.9 530.6 676.1 5.2 989.0 380.2 997.3 30.1 Equals: Personal income 6,547.4 6,937.0 7,391.0 7,789.6 6,677.9 6,792.4 6,879.1 6,978.6 7,097.3 7,230.7 7,339.5 7,445.1 7,548.6 7,628.1 7,729.7 7,828.5 7,972.3 8,105.8 Addenda: Gross domestic income Gross national income . Net domestic product ... 7,780.3 7,798.4 6,857.0 8,288.6 8,295.7 7,305.0 8,815.0 8,811.4 7,712.9 9,371.1 9,360.1 8,138.1 8,083.5 8,091.2 7,134.4 8,210.3 8,222.3 7,274.5 8,364.0 8,370.7 7,369.9 8,496.7 8,498.5 7,441.3 8,618.4 8,623.9 7,583.8 8,742.8 8,745.8 7,654.9 9,005.9 8,997.5 7,869.6 9,158.1 9,150.8 7,979.5 9,268.3 9,258.6 8,042.7 9,430.4 9,416.8 8,159.1 9,627.5 9,614.0 8,371.2 9,830.4 9,822.7 8,537.3 Equals: Gross national product 956.2 781.9 779.4 -2.5 174.3 149.2 25.0 Less: Consumption of fixed capital Private Capital consumption allowances Less: Capital consumption adjustment Government General government ; Government enterprises Equals: Net national product Less: Indirect business tax and nontax liability Business transfer payments Statistical discrepancy Plus: Subsidies less current surplus of government enterprises. Equals: National income Less: Corporate profits with inventory valuation and capital consumption adjustments. Net interest Contributions for social insurance Wage accruals less disbursements Plus: Personal interest income Personal dividend income Government transfer payments to persons Business transfer p " " 7,959.1 7,975.4 7,006.1 8,892.7 8,878.5 7,743.1 764.1 41.2 24.5 936.3 545.4 691.2 701.1 0 0 1,011.6 1,027.7 392.6 386.9 1,016.5 1,035.5 30.4 30.6 8,235.8 Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1999 1997 1996 2000 I II Gross domestic product Plus: Income receipts from the rest of the world Less: Income payments to the rest of the world Equals: Gross national product 7,813.2 8,159.5 8,515.7 8,875.8 7,931.3 8,016.4 8,131.9 8,216.6 8,272.9 8,404.9 8,465.6 245.6 227.5 276.8 268.0 278.7 279.3 294.1 301.5 258.1 241.5 264.8 256.1 278.5 264.8 284.5 275.9 279.2 275.1 283.5 275.5 286.1 280.2 7,831.2 8,168.1 8,515.1 956.2 781.9 174.3 149.2 25.0 8,537.6 8,654.5 8,730.0 8,783.2 270.3 281.3 275.0 280.2 273.2 277.2 285.4 291.8 301.9 312.0 316.2 325.0 332.0 335.8 9,187.7 9,084.1 9,191.8 9,308.8 8,868.3 7,947.9 8,025.1 8,145.6 8,225.1 8,276.9 8,412.9 8,471.4 8,526.7 8,649.3 8,726.0 8,776.7 8,895.4 9,075.0 1,011.6 1,081.0 1,169.7 974.1 894.5 831.8 195.8 186.6 179.8 159.7 167.8 153.9 26.9 28.0 25.9 974.9 798.9 176.1 150.8 25.3 988.9 811.3 177.6 152.0 25.6 1,003.4 824.4 179.0 153.3 25.8 1,018.9 838.4 180.6 154.6 26.0 1,035.3 1,052.0 868.3 853.2 183.7 182.1 157.3 155.9 26.5 26.2 1,070.6 885.1 185.5 158.8 26.7 1,090.4 902.9 187.5 160.5 27.0 1,111.0 921.5 189.6 162.4 27.3 1,131.9 1,154.1 959.9 940.1 194.4 192.0 166.6 164.4 27.9 27.6 1,190.1 993.3 197.0 168.8 28.2 1,202.8 1,229.1 1,003.2 1,026.7 202.7 199.7 173.7 171.2 28.5 29.0 7,701.6 6,973.0 7,036.2 7,142.2 7,206.3 7,241.9 7,360.8 7,401.3 7,437.6 7,539.9 7,596.6 7,625.5 7,709.1 7,875.1 7,962.3 8,539.5 8,944.4 7,909.2 7,976.3 8,539.0 8,936.9 7,925.8 7,985.0 7,435.4 7,709.0 6,956.4 7,027.6 8,063.7 8,077.3 7,128.6 8,190.2 8,198.7 7,197.8 8,290.5 8,388.9 8,294.5 8,396.9 7,237.9 7,352.9 8,684.3 8,679.2 7,545.1 8,781.3 8,777.4 7,600.5 8,991.1 8,980.8 7,719.3 9,148.4 9,139.4 7,884.1 9,265.0 9,260.9 7,966.4 Less: Consumption of fixed capital Private Government General government Government enterprises Equals: Net national product 6,875.0 7,156.7 7,434.9 Addenda: Gross domestic income' Gross national income 2 Net domestic product 7,780.3 7,798.4 6,857.0 8,130.2 8,138.9 7,147.9 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. NOTE.—Except as noted in footnotes 1 and 2, chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because 8,485.8 8,491.6 7,395.5 8,599.2 8,588.2 7,448.4 8,850.1 7,632.0 1,256.0 1,050.7 205.6 176.3 29.3 8,057.4 the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive. The chain-type quantity index for gross national product is shown in table 7.3. Table 1.11.—Command-Basis Real Gross National Product [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1997 1996 1998 1999 2000 IV I II III IV 1 H III IV I II III IV I 7,947.9 8,025.1 8,145.6 8,225.1 8,276.9 8,412.9 8,471.4 8,526.7 8,649.3 8,726.0 8,776.7 8,895.4 9,075.0 9,187.7 1,283.3 1,258.8 1,345.0 1,385.6 1,418.6 Gross national product 1 7,831.2 8,168.1 8,515.1 Less: Exports of goods and services and income receipts from the rest of the world. Plus: Command-basis exports of goods and services and income receipts from the rest of the world l . 2 1,119.7 1,258.2 1,282.2 1,327.4 1,181.5 1,205.1 1,257.8 1,288.8 1,281.3 1,288.1 1,298.4 1,275.9 1,303.0 3 1,119.7 1,278.6 1,336.8 1,374.0 1,176.1 1,208.3 1,280.4 1,315.7 1,310.2 1,336.3 1,337.2 1,317.3 1,356.2 1,337.7 1,354.3 1,385.3 1,418.9 1,443.4 Equals: Command-basts gross national product... 4 7,831.2 8,188.5 8,569.7 8,915.0 7,942.5 8,028.2 8,168.1 8,252.0 8,305.8 8,461.0 8,525.4 8,585.2 8,707.0 8,787.8 8,828.1 8,935.7 9,108.3 9,212.5 Addendum: Terms of trade 2 5 100.0 101.6 104.3 103.5 99.5 100.3 101.8 102.1 102.3 103.7 104.2 104.7 104.4 104.8 103.9 103.0 102.4 101.7 8,868.3 1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments. 2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit price deflator for imports divided by 100. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity II indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Percent changes from preceding period for gross national product are shown in table 8.1. Chain-type quantity indexes for the series in this table are shown in table 7.3. August 2000 • SURVEY OF CURRENT BUSINESS Table 1.12.—Net Domestic Product by Sector Table 1.13.—Real Net Domestic Product by Sector [Billions of dollars] [Billions of chained (1996) dollars] Line Net domestic product . Business' Nonfarm 2 Nonfarm less housing .... Housing Farm 1996 1997 1998 1999 6,857.0 7,305.0 7,712.9 8,138.1 5,749.0 6,151.8 6,508.8 6,881.7 5,682.2 5,155.6 526.6 66.8 5,546.1 543.7 61.9 6,455.4 5,883.1 572.3 53.4 6,836.7 6,232.1 604.6 45.0 348.6 363.2 385.1 401.7 12.0 336.5 12.0 351.2 14.0 371.2 11.5 390.3 759.4 790.0 818.9 854.7 211.0 548.4 213.2 576.8 215.1 603.8 222.2 632.5 Households and institutions Private households Nonprofit institutions General government3 Federal State and local 1. Equals net domestic product less net product of households and institutions and of general government. 2. Equals net domestic business product less net farm product. 3. Equals compensation of general government employees as shown in table 3.7. 1996 1997 6,857.0 7,147.9 7,435.4 7,709.0 5,749.0 6,024.2 6,295.3 6,557.4 5,682.2 5,155.6 5,947.2 6,478.8 526.6 529.7 66.8 78.1 6,220.8 5,680.6 540.4 73.5 348.6 360.5 371.7 378.3 12.0 336.5 11.7 348.8 13.3 358.4 10.6 367.8 759.4 763.4 769.1 774.9 211.0 548.4 205.7 557.7 202.6 566.6 199.9 575.1 .1 -1.3 Line Net domestic product .. iiness1 Nonfarm 2 Nonfarm less housing Housing Farm 43 Households and institutions Private households Nonprofit institutions General government3 Federal State and local Residual 5,417.5 5,922.5 556.7 78.2 -1.8 1. Equals net domestic product less net product of households and institutions and of general government. 2. Equals net domestic business product less net farm product. 3. Equals compensation of general government employees as shown in table 3.8. NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 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. Table 1.14.—National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 1997 1999 1998 IV National income Compensation of employees Wage and salary accruals Government Other Supplements to wages and salaries Employer contributions for social insurance Other labor income Proprietors' income with inventory valuation and capital consumption adjustments. Farm , Proprietors' income with inventory valuation adjustment. Capital consumption adjustment Nonfarm Proprietors' income Inventory valuation adjustment Capital consumption adjustment Rental income of persons with capital consumption adjustment. Rental income of persons Capital consumption adjustment 6,210.4 6,618.4 7,038.1 IV 6,986.7 7,093.0 7,183.2 7,312.7 7,392.3 7,493.1 7,680.7 7,833.5 7,469.7 6,342.9 6,454.8 6,555.8 6,676.4 6,786.7 709.7 544.7 581.2 620.7 663.5 553.0 570.0 576.0 586.0 592.7 606.2 613.3 619.5 643.7 644.1 659.7 689.6 34.3 42.1 29.7 37.5 25.4 33.1 25.3 33.6 31.7 39.5 30.6 38.4 29.6 37.4 29.8 37.5 28.9 36.6 25.3 32.9 23.3 30.8 21.2 28.8 32.0 39.8 25.0 32.9 29.0 37.0 15.5 24.8 31.7 39.8 19.1 27.4 22.0 30.5 -7.9 -7.8 551.5 507.2 .7 43.6 -7.6 595.2 -7.8 539.4 498.4 .5 40.6 -7.7 563.8 516.9 .7 46.2 -7.6 580.9 531.1 2.7 47.1 541.6 .1 48.2 49.2 -7.7 611.7 559.8 1.7 50.2 -7.9 1.1 42.8 -7.7 556.2 511.0 .6 44.7 547.9 1.4 48.7 -7.8 521.4 483.4 -.2 38.1 -7.6 545.1 -8.3 638.2 586.9 -1.4 52.7 -7.8 510.5 476.0 -.4 34.9 619.1 567.2 .5 51.5 -8.0 631.4 581.0 -2.0 52.4 -9.3 644.2 593.7 -2.6 53.1 -8.1 657.9 605.7 -1.7 53.9 -8.3 674.8 624.1 -2.9 53.6 -8.5 687.7 635.0 -1.2 53.9 129.7 128.3 135.4 143.4 131.4 130.4 128.9 127.4 126.7 126.7 132.8 138.8 143.5 144.9 145.7 136.6 146.2 145.6 141.6 177.4 -47.6 178.3 -50.0 187.6 -52.2 199.4 -56.0 179.9 -48.5 179.5 -49.1 178.6 -49.7 177.6 -60.3 177.5 -50.8 178.0 -51.3 184.6 -51.9 191.2 -52.5 196.6 -53.1 198.7 -53.8 200.2 -54.5 196.3 -59.7 202.3 -56.1 203.1 -57.5 199.4 -57.8 754.0 852.0 546.4 502.5 -7.6 590.0 598.4 1.2 833.8 815.0 856.0 775.8 798.5 825.6 858.3 852.7 824.5 814.0 818.0 803.4 729.4 800.8 775.1 813.9 748.1 768.1 793.3 824.7 817.3 786.2 774.4 777.8 762.2 726.3 223.6 502.7 297.7 205.0 3.1 24.6 792.4 237.2 555.2 335.2 220.0 8.4 32.9 758.2 244.6 513.6 351.5 162.1 17.0 39.9 823.0 255.9 567.1 370.7 196.4 -9.1 42.1 741.0 225.6 515.4 311.3 204.1 7.1 27.7 757.7 227.0 530.7 321.4 209.3 10.4 30.4 781.2 231.8 549.4 331.8 217.5 12.1 32.3 819.0 245.2 573.8 340.6 233.2 5.6 33.6 811.6 244.8 566.9 347.1 219.8 5.7 35.4 763.5 244.1 519.4 348.8 170.6 22.6 38.4 766.7 245.9 520.9 349.8 171.1 7.7 39.6 760.1 249.0 511.1 351.4 159.7 17.7 40.2 742.3 239.4 502.9 356.1 146.9 19.9 41.2 Net interest 386.3 423.9 482.7 507.1 393.3 402.2 417.5 429.0 446.8 464.4 483.5 493.3 489.8 530.4 596.6 570.4 600.1 550.2 571.5 593.7 613.1 607.9 580.4 568.2 569.0 564.1 776.1 842.9 843.2 906.3 795.1 815.7 837.9 859.4 858.4 838.4 836.2 847.7 850.5 232.7 261.3 218.9 229.4 238.9 250.1 261.9 272.5 260.8 231.6 218.4 217.6 208.0 543.5 3.1 773.1 581.5 8.4 834.4 624.3 676.9 -9.1 915.4 556.2 565.6 17.0 826.2 7.1 788.0 10.4 805.3 576.0 12.1 825.8 587.0 5.6 853.8 597.6 5.7 852.7 606.8 22.6 815.7 617.8 7.7 828.5 630.1 17.7 830.0 642.5 19.9 830.6 2000 III 4,395.6 4,651.3 4,984.2 5,299.8 4,489.4 4,553.7 4,607.8 4,675.8 4,767.9 4,867.5 4,943.1 5,023.4 5,102.7 5,181.6 5,255.4 5,340.9 5,421.1 5,512.2 5,599.2 3,630.1 3,886.0 4,192.8 4,475.1 3,717.6 3,786.5 3,845.0 3,912.7 3,999.7 4,087.0 4,155.5 4,228.3 4,300.3 4,369.4 4,435.5 4,512.2 4,583.5 4,660.4 4,736.2 641.0 664.3 692.7 724.4 647.3 656.9 661.2 666.5 672.5 681.7 688.8 696.7 703.5 715.3 720.3 727.5 734.5 749.9 760.6 2,989.1 3,221.7 3,500.1 3,750.7 3,070.3 3,129.6 3,183.8 3,246.2 3,327.2 3,405.3 3,466.7 3,531.6 3,596.8 3,654.1 3,715.2 3,784.7 3,849.0 3,910.5 3,975.6 765.4 765.3 791.4 824.6 771.8 767.2 762.8 763.0 768.2 780.5 787.6 795.1 802.4 812.2 819.9 828.7 837.7 851.8 863.0 275.4 289.9 305.9 323.6 280.4 284.5 287.7 291.3 296.2 300.5 303.8 307.7 311.6 317.0 321.2 325.9 330.3 337.8 342.5 490.0 475.4 485.5 501.0 491.4 482.7 475.2 471.7 471.9 480.0 483.8 487.4 490.9 495.1 498.7 502.8 507.4 514.0 520.5 Corporate profits with inventory valuation and capital consumption adjustments. Corporate profits with inventory valuation adjustment. Profits before tax ' Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment 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 I 842.0 936.3 795.6 799.3 851.5 895.7 797.6 247.8 549.9 361.1 188.7 11.4 42.9 804.5 250.8 553.7 367.2 186.5 -8.9 41.2 819.0 254.2 564.8 373.9 190.9 -19.7 42.7 870.7 270.8 599.9 380.6 219.3 -19.2 41.6 920.7 286.3 634.4 387.3 247.1 -25.0 40.6 490.1 494.1 513.8 530.6 545.4 604.3 585.9 587.9 622.3 650.0 897.5 889.4 901.7 936.5 974.2 243.1 218.7 214.0 241.7 262.7 654.4 670.7 -8.9 687.7 -19.7 921.3 694.8 -19.2 955.8 711.5 -25.0 999.2 11.4 393.0 ""35"9 729.9 44 • August 2000 SURVEY OF CURRENT BUSINESS Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income [Billions of dollars] Line 1996 1997 6,210.4 6,618.4 7,038.1 7,469.7 5,084.3 5,458.1 5,837.5 6,224.3 3,658.2 2,912.2 2,442.8 3,952.1 3,098.1 2,636.8 469.4 653.2 461.3 723.1 4,220.1 3,351.4 2,870.6 480.8 711.5 4,492.3 3,585.2 3,082.1 503.1 744.6 625.5 3.1 24.6 92.8 681.7 8.4 32.9 130.8 654.7 17.0 39.9 157.1 711.6 -9.1 42.1 162.5 Sole proprietorships and partnerships Compensation of employees Wage and salary accruals Supplements to wages and salaries Proprietors' income with inventory valuation and capital consumption adjustments. Farm Proprietors' income with inventory valuation adjustment Capital consumption adjustment Nonfarm Proprietors' income Inventory valuation adjustment Capital consumption adjustment Net interest 890.9 274.3 241.6 32.7 541.7 953.2 295.8 262.9 32.8 577.8 1,041.5 320.0 285.5 34.5 617.3 1,125.1 345.0 308.4 36.6 34.3 42.1 -7.9 507.4 472.3 -.4 35.5 74.9 29.7 37.5 -7.8 548.1 503.2 .7 44.2 79.6 25.4 33.1 -7.6 591.9 541.1 1.4 49.3 104.2 25.3 33.6 -8.3 634.6 582.7 -1.4 53.3 120.2 Other private business Compensation of employees Wage and salary accruals Supplements to wages and salaries Proprietors' income with inventory valuation and capital consumption adjustments. Proprietors' income with inventory valuation adjustment Capital consumption adjustment Rental income of persons with capital consumption adjustment Rental income of persons Capital consumption adjustment Net interest 445.0 15.5 13.6 1.9 3.1 460.2 16.4 14.5 1.9 3.3 480.5 18.5 16.4 2.1 3.4 508.4 20.0 17.8 2.2 3.5 3.7 -.7 129.7 177.4 -47.6 296.8 3.9 -.6 128.3 178.3 -50.0 312.2 4.0 -.6 135.4 187.6 -52.2 323.2 4.1 -.6 143.4 199.4 -56.0 341.5 90.2 90.2 66.1 24.1 92.6 92.6 67.6 25.1 95.4 95.4 69.8 25.6 98.5 98.5 72.2 26.3 National income Domestic business Corporate business Compensation of employees Wage and salary accruals Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments. Profits before tax Inventory valuation adjustment Capital consumption adjustment Net interest Government enterprises Compensation of employees Wage and salary accruals Supplements to wages and salaries Households and institutions Compensation of employees Wage and salary accruals Supplements to wages and salaries General government Compensation of employees Wage and salary accruals Supplements to wages and salaries : Rest of the world Compensation of employees Corporate profits Net interest '. Addenda: Domestic income (1-48) Compensation of employees (4+13+26+37+41+45) Proprietors' income with inventory valuation and capital consumption adjustments (16+29). Rental income of persons with capital consumption adjustment (32) . Corporate profits with inventory valuation and capital consumption adjustments (7). Net interest (11 +24+35) 348.6 363.2 385.1 401.7 348.6 295.7 52.8 363.2 312.3 50.9 385.1 332.8 52.4 401.7 347.8 53.9 759.4 790.0 818.9 854.7 759.4 574.9 184.5 790.0 596.7 193.3 818.9 622.9 196.0 854.7 652.2 202.5 18.1 7.1 -3.5 -11.0 -4.6 100.9 -78.2 -4.9 110.7 -98.8 -5.2 103.5 -101.8 -5.4 111.4 -117.0 6,192.3 4,400.1 544.7 6,611.4 4,656.2 581.2 7,041.6 4,989.4 620.7 7,480.7 5,305.2 663.5 129.7 653.2 128.3 723.1 135.4 711.5 143.4 744.6 464.5 522.6 584.6 624.2 August 2000 • SURVEY OF CURRENT BUSINESS 45 Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained Dollars Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1997 2000 1999 Billions of dollars Gross product of corporate business Consumption of fixed capital Net product Indirect business tax and nontax liability plus business transfer payments less subsidies. Domestic income Compensation of employees Wage and salary accruals Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments. Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment :... Capital consumption adjustment Net interest Gross product of financial corporate business. Gross product of nonfinancial corporate business. Consumption of fixed capital Net product Indirect business tax and nontax liability plus business transfer payments less subsidies. Domestic income ., Compensation of employees wage and salary accruals Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments. Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest 4,648.8 5,001,8 5,339.3 5,692.5 4,774.1 4,854.5 4,946.3 5,056.0 5,150.5 5,219.7 5,291.4 5,387.3 5,458.7 5,563.7 5,631.0 5,722.6 5,852.7 5,975.9 543.5 581.5 624.3 676.9 556.2 565.6 576.0 587.0 597.6 606.8 617.8 630.1 642.5 654.4 670.7 687.7 711.5 729.9 4,105.4 4,420.3 4,715.0 5,015.6 4,217.9 4,288.9 4,370.4 4,469.1 4,553.0 4,612.9 4,673.6 4,757.2 4,816.2 4,909.4 4,960.3 5,034.9 5,157.9 5,264.5 457.7 473.7 509.1 542.9 554.5 447.2 468.3 468.8 469.1 483.3 490.7 491.7 517.8 523.3 523.3 472.5 513.8 494.9 3,658.2 3,952.1 4,220.1 4,492.3 3,749.2 3,831.1 3,901.2 3,996.6 4,079.3 4,129.6 4,182.9 4,265.5 4,302.3 4,400.3 4,442.5 4,511.5 4,614.9 4,710.0 2,912.2 3,098.1 3,351.4 3,585.2 2,984.0 3,024.8 3,064.2 3,115.1 3,188.5 3,264.9 3,320.4 3,380.1 3,440.4 3,494.7 3,551.8 3,617.3 3,677.1 3,733.0 3,793.3 2,442.8 2,636.8 2,870.6 3,082.1 2,511.0 2,560.2 2,604.8 2,656.6 2,725.8 2,792.1 2,842.3 2,896,5 2,951.3 2,998.5 3,050.8 3,111.6 3,167.5 3,213.3 3,266.7 519.7 526.6 462.6 472.7 505.7 469.4 461.3 503.1 473.0 496.2 501.0 509.6 478.0 483.6 480.8 464.6 459.4 458.5 489.0 807.4 653.2 723.1 744.6 743.6 714.6 772.7 665.5 705.5 724.5 744.8 730.8 730.1 711.5 694.1 710.8 701.4 743,8 625.5 223.6 401.8 257.3 144.5 3.1 24.6 92.8 681.7 237.2 444.5 283.9 160.6 8.4 32.9 130.8 654.7 244.6 410.1 312.4 97.7 17.0 39.9 157.1 711.6 255.9 455.7 328.9 126.7 ^9.1 42.1 162.5 630.7 225.6 405.1 271.1 134.0 7.1 27.7 99.6 653.3 227.0 426.3 273.9 152.4 10.4 30.4 112.2 489.3 566.8 611.2 643.7 510.9 535.3 4,159.5 4,435.1 4,728.1 5,048.8 4,263.3 4,319.1 666.5 231.8 434.6 278.6 156.0 12.1 32,3 126.2 704.5 245.2 459.3 284.9 174.5 5.6 33.6 137.7 556.8 577.0 4,389.6 4,479.0 702.5 244.8 457.7 298.1 159.7 5.7 35.4 147.3 653.6 244.1 409,5 304.5 105.0 22.6 38.4 150.1 597.9 600.6 658.2 245.9 412.3 311.2 101.1 7.7 39.6 157.0 249.0 417.6 311.5 106,1 17.7 40.2 160.9 614.3 4,552.6 4,619.1 4,681.7 4,773.0 640.3 239.4 400.9 322.5 78.4 19.9 41.2 160.5 247.8 442.6 310.2 132.4 11.4 42.9 160.8 698.6 250.8 447.7 335.7 112.1 -8.9 41.2 160.0 707.0 254.2 452.9 331.1 121.8 -19.7 42.7 164.2 750.2 270.8 479.4 338.7 140.7 -19.2 41.6 165.2 791.8 286.3 505.5 345.3 160.2 -25.0 40.6 169.6 620,2 640.6 631.3 642.0 660.8 675.7 35.9 4,838.5 4,923.1 4,999.7 5,080.6 5,191.9 5,300.3 462.7 579.2 597.5 493,0 472,9 480.1 505.8 564.5 584.0 526.8 521.6 541.3 550.6 512.9 531.3 497.4 488.6 3,696.9 3,942.1 4,201.3 4,479.3 3,790.4 3,839.0 3,901.0 3,981.6 4,046.8 4,106.2 4,160.1 4,241.7 4,297.2 4,372.6 4,435.2 4,501.4 4,607.9 4,702.7 511.7 411.9 431.4 456.5 482.5 419.5 436.2 452.4 482.3 445.6 474.6 469.3 477.3 501.1 421,6 435.4 432.2 453.2 612.4 516.7 3,284.9 3,510.7 3,744.9 3,996.8 3,370.9 3,417.4 3,468.8 3,546.2 3,610.5 3,660.6 3,707.7 3,788.5 3,822.6 3,903.3 3,958.0 4,019.0 4,106.8 4,191:0 2,667.1 2,835.1 3,055.1 3,267.0 2,730.1 2,768.9 2,805.3 2,850.1 2,916.1 2,979.7 3,027.6 3,080.3 3,132.7 3,183.5 3,236.5 3,295.8 3,352.2 3,401.6 3,456.6 2,234.1 2,409.7 2,612.8 2,804.4 2,294.1 2,340.5 2,381.5 2,427,3 2,489.5 2,544.6 2,587.8 2,635.5 2,683.2 2,727.0 2,775.5 2,830.9 2,884.0 2,923.7 2,972.4 433.0 462.7 428.4 423.8 477.9 425.4 444.8 460.9 468.3 464.9 484.2 435.9 422.8 426.5 435.1 439.8 449.5 456,5 442.3 509.1 588.5 534.5 544.7 555.6 586.0 602.0 579.1 632.8 529.8 573.9 569.2 555.3 550.9 576.8 558.5 586.6 560.4 460.2 150.1 310.1 201.9 108.2 3.1 45.8 108.7 496.1 158.3 337.7 218.1 119.6 8.4 51.1 120.0 159.4 330.5 240.5 90.0 17.0 53.5 129.4 539.5 166.6 373.0 250.9 122.1 -S.1 58f0 141.3 474.7 155.5 319.2 210.1 109.1 7.1 48.0 111.0 473.9 150.9 323.0 210.4 112.6 10.4 50.2 113.9 481.6 153.4 328.2 214.0 114.2 12.1 51.1 118.8 517,0 165.5 351.5 218.9 132.6 5.6 51.3 122.2 511.8 163.6 348.2 229.1 119.1 5.7 51.8 125.2 480.0 155.3 324.7 234.4 90.3 22.6 52,7 125.6 490.2 159.3 330.9 239.9 91.0 7.7 53.0 129.3 505.6 165.3 340.2 239.9 100.3 17.7 53.6 131.5 483.8 157.7 326.1 247.8 78.3 19.9 54.8 131.4 517.2 158.5 358.6 237.6 121.0 11.4 58.0 133.1 538.1 167.2 370.9 256.3 114.6 -8.9 56.9 135.5 539.9 167.1 372.8 252.1 120.6 -19.7 58.9 144.1 563.0 173.5 389.5 257.5 132.0 -19.2 58.2 152.6 599.9 186.0 413.8 262.5 151.3 -25.0 57.9 156.6 54.6 Billions of chained (1996) dollars Gross product of nonfinancial corporate business 1 . Consumption of fixed capital 2 Net product3 4,159.5 4,410.4 4,698.5 4,995.4 4,263.5 4,300.2 4,363.1 4,453.4 4,524.8 4,592.6 4,655.3 4,738.7 4,807.3 4,874.9 4,940.8 5,028.0 5,137.9 5,215.8 462.7 597.2 494.1 473.7 551.7 564.4 577.9 607.3 623.1 533.9 489.5 507.4 527.6 539.3 498.1 516.8 586.7 481.4 3,916.3 4,164.6 4,408.7 3,789.8 3,818.8 3,873.6 3,955.2 4,017.4 4,075.9 4,127.6 4,199.4 4,255.6 4,310.4 4,363.0 4,430.8 4,530.6 4,592.7 1. Effective with the estimates scheduled for release on November 29, 2000, chained-dollar gross product of nonfinancial corporate business for 1997 to 2000 will be revised to reflect revisions to the gross product price indexes for nonfinancial industries. 2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of 639.2 the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. 3. Chained-dollar net product of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital. 46 • August 2000 SURVEY OF CURRENT BUSINESS 2. Personal Income and Outlays^. Table 2.1 .—Personal Income and Its Disposition [Billions of dollars] Line 1996 1997 1999 1996 2000 1997 I Personal income . Wage and salary disbursements .. Private industries Goods-producing industries . Manufacturing Distributive industries . Service industries Government Other labor income 6,547.4 6,937.0 544.7 581.2 34.3 510.5 29.7 551.5 Rental income of persons with capital consumption adjustment. 129.7 Personal dividend income Personal interest income Less: Personal contributions for social insurance. Less: Personal outlays Personal consumption expenditures Interest paid by persons Personal transfer payments to the rest of the world (net). Equals: Personal saving . Disposable personal income: Total, billions of chained (1996) dollars 2 Per capita: Current dollars Chained (1996) dollars Population (mid-period, millions) Personal saving as a percentage of disposable personal income. 6,978.6 7,097.9 7,230.7 7,339.5 7,445.1 7,548.6 7,628.1 7,729.7 7,828.5 7,972.3 8,105.8 8,235.8 553.0 570.0 576.0 586.0 592.7 25.4 595.2 25.3 638.2 31.7 521.4 30.6 539.4 29.6 546.4 29.8 556.2 28.9 563.8 128.3 135.4 143.4 131.4 130.4 128.9 127.4 297.4 334.9 351.1 370.3 310.9 321.1 331.5 810.6 864.0 940.8 963.7 824.6 834.8 854.1 537.6 962.2 565.8 983.0 578.0 1,016.2 588.0 938.3 546.4 955.9 560.0 22.1 21.7 347.4 20.3 327.1 19.9 22.5 354.0 17.7 336.3 19.5 23.4 362.0 17.0 345.0 20.3 24.3 383.6 17.8 365.8 21.5 21.8 348.6 18.9 329.6 20.7 22.4 352.8 18.4 334.4 280.4 297.9 316.2 285.7 620.7 4,084.9 4,153.4 4,226.2 4,298.2 3,403.2 3,464.6 3,529.5 3,594.7 1,021.8 1,031.7 1,042.9 1,058.1 748.8 753.9 758.3 765.4 924.1 939.5 957.8 975.0 1,457.4 1,493.3 1,528.8 1,561.7 681.7 703.5 487.4 480.0 490.9 4,364.3 3,649.0 4,430.4 4,507.0 3,710.0 3,779.6 1,066.4 1,081.6 1,097.8 789.0 768.1 777.4 992.1 1,009.9 1,029.9 1,590.4 1,618.6 1,651.8 727.5 720.3 715.3 498.7 502.8 495.1 4,578.3 3,843.8 1,111.2 795.1 1,049.4 1,683.2 734.5 4,660.4 3,910.5 1,130.9 802.8 1,070.9 1,708.6 749.9 4,736.2 3,975.6 1,144.7 811.0 1,093.9 1,737.0 507.4 514.0 520.5 693.9 709.7 660.4 760.6 606.2 613.3 619.5 643.7 644.1 25.3 580.9 23.3 590.0 21.2 598.4 32.0 611.7 25.0 619.1 29.0 631.4 15.5 644.2 31.7 657.9 19.1 674.8 22.0 687.7 126.7 126.7 132.8 138.8 143.5 144.9 145.7 136.6 146.2 145.6 141.6 340.3 346.7 348.4 349.4 351.0 355.7 360.8 366.8 373.5 380.2 871.9 895.1 917.7 940.6 954.5 950.3 945.1 951.3 961.0 565.0 965.1 966.9 568.7 569.5 977.1 577.1 980.3 577.8 985.8 579.5 988.8 577.8 20.1 22.3 19.4 22.5 354.6 17.5 337.1 19.3 22.8 355.3 17.2 338.1 19.2 23.3 357.6 17.0 340.6 19.1 23.3 360.1 16.9 343.2 20.1 23.4 353.5 17.9 335.6 362.7 17.0 345.7 19.8 23.7 367.5 17.1 350.4 20.5 24.2 377.0 17.4 359.6 20.6 24.2 381.3 17.6 363.7 291.9 295.5 299.5 304.6 310.3 314.0 318.2 322.5 331.2 335.8 935.1 954.9 978.9 1,006.3 1,035.8 1,056.4 1,084.0 1,107.5 386.9 392.6 1,011.6 1,027.7 1,005.0 1,012.2 1,020.3 1,027.4 1,046.9 589.7 592.8 586.1 583.4 607.9 1,066.1 624.4 20.1 24.9 19.2 24.9 397.6 18.5 20.2 24.4 386.1 17.9 368.2 20.1 24.5 390.1 18.1 371.9 393.9 18.3 375.6 379.0 341.0 345.9 353.4 358.6 1,113.2 1,133.4 1,164.0 1,197.3 1,239.3 1,272.2 5,677.7 5,968.2 6,320.0 6,637.7 5,779.7 5,857.3 5,924.2 5,999.7 6,091.6 6,194.9 6,283.1 6,361.1 6,441.1 6,514.9 6,596.3 6,664.5 6,775.0 6,866.5 6,963.6 5,405.6 5,715.3 6,054.7 6,490.1 5,512.6 5,609.2 5,654.1 5,763.7 5,834.3 5,909.2 6,012.9 6,099.5 6,197.1 6,310.3 6,432.8 6,543.3 6,674.1 6,855.6 6,947.3 1,070.9 1,152.0 5,237.5 5,529.3 5,850.9 6,268.7 5,337.9 194.8 164.8 179.8 155.5 149.9 26.6 21.2 24.0 19.3 18.2 272.1 5,677.7 252.9 265.4 5,854.5 6,134.1 147.6 267.1 6,331.0 5,729.9 5,429.9 5,470.8 159.0 162.9 20.3 20.4 248.1 270.1 5,575.9 5,640.6 5,712.6 5,811.4 5,893.4 5,986.0 170.9 177.4 166.5 174.0 181.8 186.0 22.9 24.1 21.2 22.6 24.3 25.1 236.0 257.3 270.2 261.6 5,771.8 5,821.2 5,877.3 5,947.5 6,042.8 6,110.3 6,164.1 244.0 6,095.3 189.5 25.6 204.6 6,213.2 6,319.9 6,446.2 192.9 196.8 200.2 26.7 26.6 27.6 163.6 121.1 101.0 6,621.7 6,709.0 205.3 209.4 28.9 28.5 11.0 16.2 6,219.2 6,263.7 6,306.6 6,341.7 6,412.2 6,443.1 6,497.1 21,385 21,385 265.5 22,262 21,838 268.1 23,359 22,672 270.6 24,314 23,191 273.0 21,687 21,500 266.5 21,929 21,609 267.1 22,129 21,744 267.7 22,351 21,895 268.4 22,637 22,102 269.1 22,976 22,412 23,254 22,615 270.2 23,483 22,756 270.9 23,720 22,903 271.5 23,946 23,022 272.1 24,196 23,133 272.6 24,384 23,203 273.3 24,728 23,404 274.0 4.8 4.2 4.2 2.2 4.6 4.2 4.6 3.9 4.2 4.6 4.3 4.1 3.8 3.1 2.5 1.8 1.5 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. 6,879.1 663.5 Less: Personal tax and nontax payments Equals: Disposable personal income 7,789.6 6,677.9 6,792.4 3,888.9 4,190.7 4,470.0 3,713.9 3,789.4 3,847.9 3,915.7 4,002.6 3,224.7 3,498.0 3,745.6 3,066.7 3,132.5 3,186.7 3,249.2 3,330.2 930.0 951.4 979.9 1,004.4 975.1 1,038.6 1,089.2 964.8 687.6 702.0 721.1 718.4 710.7 782.4 739.6 756.6 841.2 856.4 886.4 879.6 869.3 906.3 949.1 1,020.3 1,254.9 1,369.9 1,510.3 1,636.0 1,295.6 1,324.8 1,352.6 1,382.9 1,419.4 641.0 724.4 647.3 656.9 661.2 666.5 664.3 672.5 692.7 491.4 482.7 471.7 475.2 490.0 475.4 501.0 471.9 485.5 3,626.5 2,985.5 908.2 673.7 822.4 Proprietors' income with inventory valuation and capital consumption adjustments. Farm Nonfarm Transfer payments to persons Old-age, survivors, disability, and health insurance benefits. Government unemployment insurance benefits Veterans benefits Other transfer payments Family assistance* Other 7,391.0 II III 25,014 23,472 274.5 25,317 23,621 275.1 2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. NOTE.—Percent changes from preceding period for disposable personal income are shown in table 8.1. SURVEY OF CURRENT BUSINESS August 2000 • 47 Table 2.2.—Personal Consumption Expenditures by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates 1997 Line 1999 1998 1997 1996 2000 1999 5,237.5 5,529.3 5,850.9 6,268.7 5,337.9 5,429.9 5,470.8 5,575.9 5,640.6 5,712.6 5,811.4 5,893.4 5,986.0 6,095.3 6,213.2 6,319.9 6,446.2 6,621.7 6,709.0 Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other 616.5 642.5 256.3 236.9 123.3 264.2 248.9 129.4 1,574.1 1,641.6 Nondurable goods 786.0 258.6 139.7 124.2 15.6 389.8 Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services 812.2 271.7 143.2 128.1 15.1 414.5 288.8 266.1 139.0 772.5 317.3 128.7 188.5 214.2 814.4 191.1 737.5 Addenda: Energy goods and services' Personal consumption expenditures less food and energy. 810.5 333.0 130.4 202.7 234.4 854.6 206.2 806.5 268.5 273.6 4,183.1 4,443.5 621.5 635.1 624.4 652.4 658.3 670.5 320.7 288.5 152.0 254.2 241.2 126.1 264.5 243.1 127.5 251.0 246.4 127.0 270.1 251.4 130.9 271.0 254.9 132.4 275.2 260.2 135.0 288.9 262.5 137.8 283.5 268.3 140.7 723.4 733.9 756.3 767.2 787.6 826.3 816.8 307.7 273.2 142.6 307.6 279.4 146.9 321.8 284.7 149.8 323.2 291.0 153.0 330.3 298.8 158.5 349.3 309.7 167.3 337.0 312.6 167.2 1,707.6 1,845.5 1,608.4 1,626.8 1,627.3 1,653.1 1,659.0 1,672.5 1,694.8 1,717.9 1,745.2 1,786.4 1,825.3 1,860.0 1,910.2 1,963.9 1,997.6 845.8 286.4 128.0 115.2 12.8 447.4 3,047.0 3,245.2 3,449.3 Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other 761.3 858.2 345.6 128.5 217.1 244.5 898.6 218.7 883.7 897.8 307.0 142.7 128.3 14.4 498.0 799.3 263.0 144.5 128.6 16.0 401.6 806.9 266.6 147.3 132.0 15.3 405.9 817.4 274.8 142.4 127.3 15.1 418.6 808.2 267.8 140.4 125.1 15.3 410.8 816.2 277.6 142.7 128.1 14.6 422.5 825.4 282.3 132.3 119.5 12.8 432.4 838.9 285.1 128.8 115.7 13.1 441.9 851.5 286.5 127.0 114.0 13.0 452.9 867.2 291.7 124.1 111.8 12.3 462.3 878.1 301.1 123.6 110.7 12.9 483.5 886.6 306.1 141.3 127.3 14.0 491.3 900.4 308.7 148.5 133.4 15.1 502.4 926.1 311.9 157.6 142.0 15.6 514.6 938.4 323.1 172.9 154.5 18.5 529.5 948.0 325.5 182.7 164.0 18.7 541.5 3,661.9 3,107.9 3,168.0 3,219.1 3,270.4 3,323.3 3,369.7 3,427.4 3,482.9 3,517.4 3,575.0 3,631.5 3,692.7 3,748.5 3,831.6 3,894.5 906.2 360.2 128.9 231.3 256.5 943.6 237.1 958.4 785.1 322.7 129.1 193.6 222.6 831.0 196.5 750.0 794.6 325.9 128.7 197.1 229.1 839.6 201.9 776.9 815.7 332.9 128.1 204.8 236.2 860.8 207.3 817.5 805.0 329.0 128.8 200.2 232.9 850.0 205.4 796.8 826.7 344.4 135.8 208.6 239.5 868.1 210.0 834.6 839.3 336.6 125.0 211.6 240.9 885.4 214.3 853.3 852.2 346.7 131.8 214.9 244.0 893.9 216.4 874.3 864.4 353.7 134.1 219.6 245.8 902.5 220.4 896.2 877.1 345.4 122.9 222.5 247.4 912.4 224.0 911.1 353.9 127.5 226.4 250.8 924.5 228.6 928.4 900.8 357.2 127.4 229.7 254.7 935.9 234.8 948.0 911.6 366.7 133.7 232.9 258.1 950.0 240.5 965.8 923.5 936.7 950.3 363.0 369.0 376.1 126.7 129.5 135.3 236.3 239.5 240.8 262.3 267.4 272.5 964.0 979.3 989.7 244.5 253.0 260.4 991.2 1,026.3 1,045.5 256.5 271.6 273.7 276.0 269.2 270.5 278.5 257.3 260.6 261.1 247.0 251.1 268.7 282.2 284.4 302.4 318.0 4,748.6 5,099.3 4,264.9 4,347.0 4,393.3 4,488.0 4,545.9 4,630.0 4,711.8 4,780.8 4,871.8 4,966.0 5,057.9 5,137.3 5,235.8 5,380.9 5,443.0 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. Table 2.3.—Real Personal Consumption Expenditures by Major Type of Product [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Residual Addenda: Energy goods and services1 Personal consumption expenditures less food and energy. 1996 5,237.5 1997 1997 1999 5,423.9 5,678.7 5,978.8 5,291.9 5,350.7 5,375.7 5,462.1 5,507.1 5,572.4 5,651.6 5,711.0 5,779.8 5,860.2 616.5 657.3 727.3 817.8 625.7 641.5 636.5 670.5 256.3 236.9 123.3 264.8 261.9 130.8 291.7 294.4 141.5 323.0 338.7 157.3 253.4 245.5 126.7 262.9 250.5 128.1 250.8 257.6 128.5 271.8 266.5 132.3 1,574.1 1,619.9 1,684.8 1,779.4 1,593.9 1,605.6 1,608.2 786.0 258.6 139.7 124.2 15.6 389.8 3,047.0 794.5 271.6 143.1 128.1 15.0 410.8 812.8 292.2 145.1 131.2 14.0 434.9 845.9 318.5 149.6 134.2 15.5 466.0 788.5 264.3 140.7 125.9 14.9 400.4 794.0 267.1 140.7 126.6 14.2 403.7 792.8 265.2 143.5 128.3 15.2 406.7 273.7 273.2 134.3 696.4 719.4 726.7 766.7 782.7 810.5 278.3 281.9 136.6 292.6 286.9 140.0 284.9 299.1 143.6 311.1 309.9 146.0 311.0 320.9 151.5 325.3 331.7 154.1 1,631.7 1,634.1 1,652.8 1,676.3 1,694.2 1,716.0 1,748.5 1,765.0 797.8 275.0 144.2 128.7 15.4 414.8 793.2 279.1 143.9 128.9 15.1 418.1 798.3 287.0 143.0 129.4 13.6 424.9 809.2 291.3 144.8 130.7 14.1 431.3 816.8 292.0 146.5 132.2 14.3 439.2 827.0 298.7 146.2 132.2 14.0 444.2 832.7 313.3 147.5 132.5 15.0 455.6 838.0 316.5 150.0 134.3 15.7 461.3 6,013.8 826.2 324.9 343.9 158.9 1,786.1 846.7 322.1 149.6 133.6 16.0 468.5 6,101.0 6,213.5 6,259.6 851.8 898.2 330.9 358.2 164.9 351.8 374.1 174.0 337.5 381.1 174.4 1,818.1 1,844.8 1,860.9 866.0 322.1 151.5 136.2 15.3 478.7 872.2 337.7 145.8 131.2 14.7 490.6 876.2 342.2 147.8 132.5 15.3 496.4 3,147.0 3,269.4 3,390.8 3,072.2 3,103.7 3,130.6 3,160.6 3,193.0 3,224.5 3,258.2 3,292.4 3,302.8 33358 3,373.4 3,411.1 3,443.0 3,487.2 3,523.6 772.6 317.3 128.7 188.5 214.2 814.4 191.1 737.5 787.2 327.4 127.5 199.9 226.4 835.4 200.0 770.4 807.7 343.0 130.0 213.0 233.1 859.8 206.8 818.6 828.3 358.0 130.9 226.9 241.2 881.7 217.8 863.1 777.0 320.1 127.9 192.2 218.5 824.6 194.0 738.0 -.2 -.4 -3.0 -10.2 .1 268.5 270.6 4,183.1 4,358.8 781.1 319.6 124.6 195.0 223.6 825.9 198.1 755.3 784.7 324.1 126.8 197.3 225.3 832.5 199.9 764.0 789.1 327.7 125.9 201.9 227.8 839.3 200.0 776.5 793.9 338.4 132.9 205.5 228.8 844.0 202.0 785.9 800.0 333.9 125.5 208.4 230.4 855.2 204.3 800.2 806.1 343.1 132.6 210.7 233.4 857.7 204.9 812.7 810.3 351.3 136.2 215.2 233.7 861.5 207.9 827.4 814.4 343.6 125.8 217.6 235.1 864.8 210.2 833.9 820.4 351.9 130.3 221:5 237.3 870.5 212.9 842.2 825.7 355.9 130.2 225.6 239.7 878.1 216.3 857.1 830.7 364.7 135.5 229.1 242.7 885.6 220.1 867.0 836.5 359.3 127.7 231.2 245.0 892.8 2222 841.4 364.7 130.0 234.4 247.5 897.4 227.3 907.4 847.3 370.3 133.4 236.7 249.5 904.2 232.0 918.9 .1 -.7 -1.5 -1.6 -2.6 -3.3 -5.1 -7.4 -9.4 -11.5 -12.8 -18.2 -18.0 275.1 280.4 268.6 265.4 270.2 270.0 276.8 268.3 277.5 283.0 271.7 277.7 280.0 284.9 279.2 275.4 280.6 4,590.4 4,851.4 4,234.7 4,291.3 4,312.6 4,394.1 4,437.1 4,505.3 4,564.9 4,611.5 4,679.7 4,748.8 4,821.2 4,881.3 4,954.3 5,064.4 5,101.2 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. 2000 The residual line is the difference between the first line and the sum of the most detailed lines. f r t h e s e r i e s n t h i s tab le a r e s h o w n i n t a b l e Q ^ I ^ P 6 W*^indexes ? ! . ..7A Contributions to the percent change in real personal consumption expenditures are shown in table 8.3. 48 • August 2000 SURVEY OF CURRENT BUSINESS Table 2.4.—Personal Consumption Expenditures by Type of Expenditure [Billions of dollars] 1996 1997 1998 1999 1 5,237.5 5,529.3 5,850.9 6,268.7 2 834.1 862.0 900.2 963.8 3 4 5 6 7 476.7 300.5 486.5 316.6 504.2 332.2 531.8 356.3 8.2 .5 8.5 .5 8.9 .5 9.1 .5 48.2 49.8 54.4 66.0 Line Personal consumption expenditures Food and tobacco Food purchased for off-premise consumption (n.d.) Purchased meals and beverages1 (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.) Clothing, accessories, and jewelry Shoes (n.d.) Clothing and accessories except shoes 2 Women's and children's (n.d.) Men's and boys' (n.d.) Standard clothing issued to military personnel (n.d) Cleaning, storage, and repair of clothing and shoes (s.) Jewelry and watches (d.) Other* (s.) ; Personal care Toilet articles and preparations (n.d.) Barbershops, beauty parlors, and health clubs (s.) Housing 4 Owner-occupied nonfarm dwellings—space rent (s.) Tenant-occupied nonfarm dwellings—rent5 (s.) Rental value of farm dwellings (s.) Other 6 (s.) Household operation Furniture, including mattresses and bedsprings (d.) Kitchen and other household appliances/ (d.) China, glassware, tableware, and utensils (d.) Other durable house furnishings8 (d.) Semidurable house furnishings9 (n.d.) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d). Stationery and writing supplies (n.d.) Household utilities 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 (s.) Hospitals and nursing h o m e s " Nonprofit (s.) Proprietary (s.) .'. Government (s.) Nursing homes (s.) Health insurance Medical care and hospitalization14 (s.) Income loss 1 5 (s.) , '. 8 9 Line 689.1 56.1 710.9 58.1 737.8 63.1 782.3 69.3 10 40.7 43.2 44.8 46.2 11 333.3 348.0 368.3 397.2 12 13 14 15 16 17 18 19 38.8 219.5 140.8 78.6 .3 .3 .3 .3 12.7 40.3 21.7 13.2 41.2 22.0 13.5 44.2 24.2 14.2 48.8 27.3 20 71.6 76.1 80.5 86.0 21 22 48.0 23.5 50.6 25.5 53.4 27.1 57.5 28.5 23 772.5 810.5 858.2 906.2 24 25 26 27 555.4 180.6 585.5 186.1 622.7 193.8 661.1 200.6 6.2 6.4 6.7 7.0 30.2 32.5 35.0 37.5 28 589.2 617.8 643.8 682.5 29 30 31 32 33 34 50.9 30.0 25.4 50.5 31.0 49.8 53.8 30.8 27.2 53.5 33.1 51.4 56.4 32.2 29.2 57.4 35.2 53.5 60.3 34.5 31.8 62.8 38.3 57.1 40.1 231.3 148.0 83.3 41.7 244.4 156.2 88.2 43.3 263.4 168.7 94.7 35 36 37 38 39 40 41 42 43 18.8 185.0 93.3 35.5 40.7 15.6 97.1 13.6 37.1 20.0 188.1 93.8 36.6 42.6 15.1 105.0 13.9 41.2 21.4 185.8 96.1 32.4 44.5 12.8 113.0 16.0 43.6 23.1 189.8 96.2 32.7 46.5 14.4 121.7 17.4 45.7 44 932.3 984.4 1,040.9 1,102.6 45 46 47 48 49 50 51 52 53 54 55 56 57 58 100.3 17.6 199.1 48.4 119.7 390.8 327.6 213.5 38.7 75.4 63.2 56.6 45.3 110.6 19.1 208.8 51.9 125.9 408.9 339.6 221.7 41.5 76.3 69.3 59.3 48.5 121.8 20.6 221.2 55.0 132.3 428.7 355.1 233.1 42.6 79.3 73.6 61.3 51.7 136.8 22.1 232.3 57.8 137.2 451.8 375.0 245.5 46.0 83.5 76.8 64.6 55.2 1.0 1.2 1.4 1.5 1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on- and off-premise. 2. Includes luggage. 3. Consists of watch, clock, and. jewelry repairs, costume and dress suit rental, and miscellaneous personal services. 4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and furniture and purchases of fuel and electricity. 5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture. 6. Consists of transient hotels, motels, clubs, schools, and other group housing. 7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances. 8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools. 9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also includes lamp shades, brooms, and brushes. 10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified. 13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing homes, and (2) payments by patients to proprietary and government hospitals and nursing homes. 14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and dismemberment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of fixed capital) of nonprofit and self-insured health plans. 15. Consists of premiums, less benefits and dividends, for income loss insurance. 16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation. 17. Consists of (1) operating expenses of commercial life insurance carriers, (2) administrative expenses of private noninsured pension plans and publicly administered government employee retirement plans, and (3) premiums, less benefits and dividends, of fraternal benefit societies. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment companies. 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 Workers' compensation16 (s.) Personal business Brokerage charges and investment counseling (s.) Bank service charges, trust services, and safe deposit box rental (s.). Services furnished without payment by financial intermediaries except life insurance carriers (s.). Expense of handling life insurance and pension plans 1 7 (s.) .... Legal services (s.) Funeral and burial expenses (s.) Other 18 (s.) Transportation User-operated transportation New autos (d.) Net purchases of used autos (d.) Other motor vehicles (d.) Tires, tubes, accessories, and other parts (d.) Repair, greasing, washing, parking, storage, rental, and leasing (s.). Gasoline and oil (n.d.) Bridge, tunnel, ferry, and road tolls (s.) Insurance 19 (s.) Purchased local transportation Mass transit systems (s.) Taxicab (s.) Purchased intercity transportation Railway (s.) Bus(s.) Airline (s.) Other 20 (s.) Recreation Books and maps (d.) Magazines, newspapers, and sheet music (n.d.) Nondurable toys and sport supplies (n.d.) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.). Video and audio goods, including musical instruments, and computer goods (d.). Video and audio goods, including musical instruments (d.) ... Computers, peripherals, and software (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 amusements 23 (s.) Pari-mutuel net receipts (s.) Other 24 (s.) Education and research Higher education 25 (s.) Nursery, elementary, and secondary schools 26 (s.) Other 27 (s.) 1996 1997 10.3 9.6 8.3 7.8 435.1 489.0 533.7 586.2 43.2 42.9 50.9 47.9 59.1 55.8 70.6 63.5 177.0 204.2 222.6 243.8 81.3 51.5 14.5 24.8 89.3 55.0 15.2 26.6 92.2 58.7 16.3 29.1 62.3 16.2 31.9 594.6 626.7 648.6 705.5 550.2 81.9 51.4 84.3 38.7 134.2 578.9 82.5 53.1 89.0 39.6 146.3 599.4 87.8 55.3 104.0 41.7 153.1 654.6 97.3 58.7 119.9 44.8 162.1 124.2 3.7 31.8 11.2 7.7 3.5 33.3 .6 1.8 26.2 4.7 128.1 4.0 36.3 11.6 7.8 3.7 36.2 .7 1.8 115.2 4.2 128.3 4.4 38.0 12.1 8.0 4.1 37.2 .7 2.1 29.5 39.1 12.3 8.2 4.0 38.7 .7 2.2 30.7 5.1 429.6 456.6 24.9 27.6 50.6 40.5 26.3 29.1 53.2 42.8 27.8 32.5 57.3 46.4 29.8 37.0 63.1 51.3 80.0 83.7 90.7 99.1 56.4 23.6 3.7 14.9 20.7 5.8 8.0 57.9 25.9 4.0 15.3 22.1 6.3 8.6 62.1 28.6 4.0 16.3 23.6 6.9 9.1 67.3 31.9 3.9 17.5 25.8 7.4 10.2 6:9 14.0 48.3 3.5 100.8 7.1 14.6 52.8 3.6 109.1 7.6 15.0 56.4 3.7 116.0 8.2 15.8 63.1 3.8 124.6 122.3 130.5 139.4 148.9 66.1 27.4 28.8 69.4 29.0 32.1 73.2 29.9 36.3 76.7 30.8 41.3 29.0 4.7 534.9 Religious and welfare activities 28 (s.) 146.8 149.5 162.6 170.2 Foreign travel and other, net -24.1 -21.8 -15.2 -15.4 57.6 2.2 82.4 1.5 86.7 1.6 3.2 85.6 1.6 72.9 3.5 89.9 1.9 Foreign travel by U.S. residents 29 (s.) Expenditures abroad by U.S. residents (n.d.) Less: Expenditures in the United States by nonresidents 30 (s.) Less: Personal remittances in kind to nonresidents (n.d.) 63.6 2.9 services, and other personal business services. 19. Consists of premiums, less benefits and dividends, for motor vehicle insurance. 20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares. 21. Consists of admissions to professional and amateur athletic events and to racetracks. 22. Consists of dues and fees excluding insurance premiums. 23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other commercial participant amusements. 24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational services, not elsewhere classified. 25. For private institutions, equals current expenditures (including consumption of fixed capital) less 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 receipts-such as those from meals, rooms, and entertainments-accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in religious and welfare activities. 27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research organizations and foundations for education and research. 28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations, t h e expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education and research. For proprietary and government institutions, equals receipts from users. 29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in 1981. 30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981. NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.). August 2000 • SURVEY OF CURRENT BUSINESS 49 Table 2.5.—Real Personal Consumption Expenditures by Type of Expenditure [Billions of chained (1996) dollars] 1997 5,423.9 834.1 842.1 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.) 476.7 300.5 8.2 .5 48.2 477.6 308.0 8.3 .5 47.6 488.6 315.3 8.5 .5 46.2 506.9 329.9 8.5 .5 43.4 Addenda: Food excluding alcoholic beverages (n.d.) Alcoholic beverages purchased for off-premise consumption (n.d.). Other alcoholic beverages (n.d.) 689.1 56.1 695.5 57.2 708.9 61.8 737.3 66.4 Food dnd tobacco Clothing, accessories, and jewelry Shoes (n.d.) Clothing and accessories except shoes 2 Women's and children's (n.d.) Men's and boys' (n.d.) Standard clothing issued to military personnel (n.d) Cleaning, storage, and repair of clothing and shoes (s.) Jewelry and watches (d.) Other* (s.) Personal care Toilet articles and preparations (n.d.) Barbershops, beauty parlors, and health clubs (s.) Housing Owner-occupied nonfarm dwellings—space rent4 (s.) Tenant-occupied nonfarm dwellings—rent5 (s.) Rental value of farm dwellings (s.) Other6 (s.) Household operation Furniture, including mattresses and bedsprings (d.) Kitchen and other household appliances/ (d.) China, glasswarej tableware, and utensils (d.) Other durable house furnishings8 (d.) Semidurable house furnishings9 (n.d.) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d). Stationery and writing supplies (n.d.) Household utilities Electricity (s.) Gas(s.) Water and other sanitary services (s.) Fuel oil and coal (n.d.) Telephone and telegraph (s.) Domestic service (s.) Other 10 (s.) Medical care Drug preparations and sundries11 (n.d.) Ophthalmic products and orthopedic appliances (d.) Physicians (s.) Dentists (s.) Other professional services12 (s.) Hospitals and nursing homes 13 Hospitals Nonprofit (s.) Proprietary (s.) Government (s.) Nursing homes (s.) Health insurance Medical care and hospitalization14 (s.) Income loss 15 (s.) Workers' compensation16 (s.) 5,678.7 5,978.8 887.8 40.7 41.8 42.1 42.2 333.3 348.8 376.3 411.5 38.8 219.5 140.8 78.6 .3 12.7 40.3 21.7 40.1 231.2 148.4 82.8 .3 12.8 42.9 21.4 42.2 249.8 161.2 88.5 .3 13.0 47.8 23.4 45.0 273.3 177.6 95.7 .3 13.5 54.0 25.8 71.6 75.2 78.2 81.9 48.0 23.5 50.5 24.7 52.5 25.7 55.7 26.2 772.6 787.2 807.7 828.3 555.4 180.6 6.2 30.2 569.0 181.0 6.0 31.1 586.7 182.9 5.9 32.2 605.7 183.7 5.7 33.4 589.2 611.6 641.1 681.9 50.9 30.0 25.4 50.5 31.0 53.8 30.9 27.3 53.3 33.8 50.9 56.6 32.8 28.9 57.0 36.8 52.1 60.6 36.0 32.2 63.1 40.5 54.6 18.8 185.0 93.3 35.5 40.7 15.6 97.1 13.6 37.1 19.2 184.1 93.5 34.1 41.6 15.0 104.7 13.5 40.1 19.9 186.1 99.6 30.8 42.1 14.0 114.4 15.1 41.5 21.7 189.4 100.3 30.9 43.0 15.5 126.3 16.0 42.0 932.3 963.2 997.0 1,030.0 100.3 17.6 199.1 48.4 119.7 390.8 327.6 213.5 38.7 75.4 63.2 56.6 45.3 1.0 10.3 109.0 18.9 206.0 49.6 121.1 401.1 334.2 217.3 41.2 75.7 66.8 57.8 46.7 .9 10.2 117.4 19.9 213.7 50.5 124.3 410.4 342.0 222.0 41.9 78.1 68.3 61.0 48.2 .9 12.3 127.2 21.2 219.5 50.6 126.8 422.3 353.4 228.2 44.5 62.7 50.2 .9 11.4 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Line 1999 1996 5,237.5 Line Personal consumption expenditures 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 (s.). Expense of handling life insurance and pension plans 17 (s.) .... Legal services (s.) Funeral and burial expenses (s.) Other 18 (s.) User-operated transportation New autos (d.) Net purchases of used autos (d.) Other motor vehicles (d.) Tires, tubes, accessories, and other parts (d.) Repair, greasing, washing, parking, storage, rental, and leasing (s.). Gasoline and oil (n.d.) Bridge, tunnel, ferry, and road tolls (s.) Insurance19 (s.) Purchased local transportation Mass transit systems (s.) Taxicab(s.) Purchased intercity transportation Railway (s.) Bus (s.) Airline (s.) Other 20 (s.) Recreation Education and research Higher education25 (s.) Nursery, elementary, and secondary schools26 (s.) Other 27 (s.) Religious and welfare activities 28 (s.) Foreign travel and other, net Foreign travel by U.S. residents29 (s.) Expenditures abroad by U.S. residents (n.d.) Less: Expenditures in the United States by nonresidents30 (s.) Less: Personal remittances in kind to nonresidents (n.d.) Residual 87 90 1999 435.1 462.1 485.9 520.4 43.2 42.9 50.5 45.6 60.3 51.7 74.6 57.1 195.8 209.5 82.9 53.9 14.9 27.2 83.7 54.7 14.4 28.8 177.0 Transportation Books and maps (d.) Magazines, newspapers, and sheet music (n.d.) Nondurable toys and sport supplies (n.d.) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.). Video and audio goods, including musical instruments, and computer goods (d.). Video and audio goods, including musical instruments (d.) ... Computers, peripherals, and software (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.) 1997 1996 81.3 51.5 14.5 24.8 84.6 52.8 14.4 25.7 594.6 619.3 656.0 698.3 550.2 81.9 51.4. 84.3 38.7 134.2 573.5 82.4 54.4 88.1 39.9 144.2 608.5 88.4 57.7 103.2 42.3 148.3 649.1 98.8 60.3 117.9 45.7 153.9 124.2 3.7 31.8 11.2 7.7 3.5 33.3 .6 1.8 26.2 4.7 128.1 3.9 32.5 11.3 7.7 3.6 34.5 .7 1.8 27.3 4.6 131.2 3.8 33.6 12.0 8.0 4.0 35.6 .7 2.0 28.2 47 134.2 3.8 34.2 12.3 8.3 4.0 37.0 .7 2.0 29.5 4.7 429.6 463.7 507.3 567.5 24.9 27.6 50.6 40.5 26.0 28.8 53.7 43.1 26.8 31.5 60.7 47.2 29.2 35.0 71.1 53.3 80.0 97.0 122.1 154.3 56.4 23.6 3.7 14.9 20.7 5.8 8.0 38.1 3.9 15.8 21.5 6.1 68.1 60.8 3.9 16.6 22.5 6.6 8.7 79.0 92.3 3.8 18.3 23.4 6.7 9.2 100 101 102 103 6.9 14.0 48.3 3.5 100.8 6.9 14.3 51.5 3.5 105.3 7.2 14.2 54.1 3.5 108.6 7.4 14.6 58.8 3.6 113.7 104 122.3 126.0 130.0 133.9 105 106 107 66.1 27.4 28.8 66.9 28.1 31.0 67.9 28.1 34.0 28.1 36.6 108 146.8 145.5 154.0 156.1 109 -24.1 -20.6 -11.2 -10.8 110 111 112 113 57.6 2.2 82.4 1.5 62.4 3.3 84.7 1.6 3.6 82.4 1.6 71.5 3.8 84.2 1.9 114 .1 -2.1 -16.0 -41.5 The residual line is the difference between the first line and the sum of the most detailed lines. See notes and footnotes to table 2.4. 50 August 2000 SURVEY OF CURRENT BUSINESS Table 2.6.—Personal Consumption Expenditures by Type of Product [Billions of dollars] Line Personal consumption expenditures 1996 1997 5,237.5 5,529.3 1998 5,850.9 616.5 642.5 Motor vehicles and parts New autos (70) Net purchases of used autos (71) Other motor vehicles (72) Tires, tubes, accessories, and other parts (73) 256.3 81.9 51.4 84.3 38.7 264.2 82.5 53.1 89.0 39.6 288.8 87.8 55.3 104.0 41.7 320.7 97.3 58.7 119.9 44.8 Furniture and household equipment Furniture, including mattresses and bedsprings (29) Kitchen and other household appliances (30) China, glassware, tableware, and utensils (31) Video and audio goods, including musical instruments, and computer goods (91). Video and audio goods, including musical instruments (92) Computers, peripherals, and software (93) Other durable house furnishings (32) 236.9 50.9 30.0 25.4 80.0 248.9 53.8 30.8 27.2 83.7 266.1 56.4 32.2 29.2 90.7 288.5 60.3 34.5 31.8 99.1 56.4 23.6 50.5 57.9 25.9 53.5 62.1 28.6 57.4 67.3 31.9 62.8 Other Ophthalmic products and orthopedic appliances (46) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90). Jewelry and watches (18) Books and maps (87) 123.3 17.6 40.5 129.4 19.1 42.8 139.0 20.6 46.4 152.0 22.1 51.3 40.3 24.9 41.2 26.3 44.2 27.8 48.8 29.8 1,574.1 1,641.6 1,707.6 1,845.5 786.0 476.7 300.5 8.7 812.2 897.8 531.8 316.6 845.8 504.2 332.2 9.0 9.3 356.3 9.6 689.1 56.1 710.9 58.1 737.8 63.1 782.3 69.3 40.7 43.2 44.8 46.2 Clothing and shoes Shoes (12) Women's and children's clothing and accessories except shoes (14). Men's and boys' clothing and accessories except shoes (15+16). 258.6 38.8 140.8 271.7 40.1 148.0 41.7 156.2 307.0 43.3 168.7 78.9 83.6 88.5 95.0 Gasoline, fuel oil, and other energy goods Gasoline and oil (75) Fuel oil and coal (40) 139.7 124.2 15.6 143.2 128.1 15.1 128.0 115.2 12.8 142.7 128.3 14.4 Other 389.8 414.5 447.4 498.0 Durable goods Nondurable goods Food Food purchased for off-premise consumption (3) Purchased meals and beverages (4) Food furnished to employees (including military) and food produced and consumed on farms (5+6). Addenda: Food excluding alcoholic beverages(8) Alcoholic beverages purchased for off-premise consumption (9). Other alcoholic beverages (10) Tobacco products (7) Toilet articles and preparations (21) Semidurable house furnishings (33) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34). Drug preparations and sundries (45) Nondurable toys and sport supplies (89) Stationery and writing supplies (35) Net foreign remittances (111 less 113) Magazines, newspapers, and sheet music (88) Flowers, seeds, and potted plants (95) Services 486.5 48.2 48.0 31.0 49.8 49.8 50.6 33.1 51.4 100.3 50.6 18.8 27.6 14.9 110.6 53.2 20.0 1.3 29.1 15.3 121.8 57.3 21.4 1.6 32.5 16.3 136.8 63.1 23.1 1.6 37.0 17.5 3,047.0 3,245.2 3,449.3 3,661.9 NOTE.—The figures in parentheses are the line numbers of the corresponding items in table 2.4. 761.3 54.4 53.4 35.2 53.5 .6 Line 1999 6,268.7 66.0 57.5 38.3 57.1 1996 1997 1999 772.5 555.4 180.6 6.2 30.2 317.3 93.3 35.5 40.7 97.1 13.6 37.1 810.5 585.5 186.1 6.4 32.5 858.2 622.7 193.8 6.7 35.0 906.2 661.1 200.6 7.0 37.5 333.0 93.8 36.6 42.6 360.2 96.2 32.7 46.5 105.0 13.9 41.2 345.6 96.1 32.4 44.5 113.0 16.0 43.6 Transportation User-operated transportation Repair, greasing, washing, parking, storage, rental, and leasing (74). Other user-operated transportation (76+77) Purchased local transportation Mass transit systems (79) Taxicab(80) Purchased intercity transportation Railway (82) Bus (83) Airline (84) Other (85) 214.2 169.7 134.2 234.4 186.6 146.3 244.5 195.3 153.1 256.5 205.5 162.1 35.5 11.2 7.7 3.5 33.3 .6 1.8 26.2 4.7 40.3 11.6 7.8 3.7 36.2 .7 1.8 29.0 4.7 42.2 12.1 8.0 4.1 37.2 .7 2.1 29.5 4.9 43.4 12.3 8.2 4.0 38.7 .7 2.2 30.7 5.1 Medical care Physicians (47) Dentists (48) Other professional services (49) Hospitals and nursing homes (50) Health insurance (56) 814.4 199.1 48.4 119.7 390.8 854.6 208.8 51.9 125.9 408.9 943.6 232.3 Housing Owner-occupied nonfarm dwellings—space rent (24) Tenant-occupied nonfarm dwellings—rent (25) Rental value of farm dwellings (26) Other (27) Household operation Electricity (37) Gas (38) Water and other sanitary services (39) Telephone and telegraph (41) Domestic service (42) Other (43) 121.7 17.4 45.7 56.6 59.3 898.6 221.2 55.0 132.3 428.7 61.3 Recreation Admissions to specified spectator amusements (96) Other (94+100+101+102+103) 191.1 20.7 170.3 206.2 22.1 184.1 218.7 23.6 195.1 237.1 25.8 211.3 Other Personal care Cleaning, storage, and repair of clothing and shoes (17) Barbershops, beauty parlors, and health clubs (22) Other (19) Personal business Brokerage charges and investment counseling (61) Bank service charges, trust services, and safe deposit box rental (62). Services furnished without payment by financial intermediaries except life insurance carriers (63). Expense of handling life insurance and pension plans (64) Legal services (65) Funeral and burial expenses (66) Other (67) Education and research Higher education (105) Nursery, elementary, and secondary schools (106) Other (107) Religious and welfare activities (108) Net foreign travel Foreign travel by U.S. residents (110) Less: Expenditures in the United States by nonresidents 012). 737.5 58.0 12.7 23.5 21.7 435.1 43.2 42.9 806.5 60.6 13.2 25.5 22.0 489.0 50.9 47.9 883.7 64.8 13.5 27.1 24.2 533.7 59.1 55.8 958.4 70.1 14.2 28.5 27.3 586.2 70.6 63.5 177.0 204.2 222.6 243.8 81.3 51.5 14.5 24.8 122.3 66.1 27.4 28.8 146.8 -24.8 57.6 82.4 89.3 55.0 15.2 26.6 130.5 69.4 29.0 32.1 149.5 -23.1 63.6 86.7 92.2 58.7 16.3 29.1 139.4 73.2 29.9 36.3 162.6 -16.7 68.9 85.6 98.0 62.3 16.2 31.9 148.9 76.7 30.8 41.3 170.2 -17.0 72.9 : 87 100 101 57.8 137.2 451.8 64.6 August 2000 • SURVEY OF CURRENT BUSINESS 51 Table 2.7.—Real Personal Consumption Expenditures by Type of Product [Billions of chained (1996) dollars] 1996 1997 1998 1999 5,237.5 5,423.9 5,678.7 5,978.8 616.5 657.3 727.3 817.8 Motor vehicles and parts New autos (70) Net purchases of used autos (71) Other motor vehicles (72) Tires, tubes, accessories, and other parts (73) 256.3 81.9 51.4 84.3 38.7 264.8 82.4 54.4 88.1 39.9 291.7 323.0 57.7 103.2 42.3 60.3 117.9 45.7 Furniture and household equipment Furniture, including mattresses and bedsprings (29) Kitchen and other household appliances (30) China, glassware, tableware, and utensils (31) Video and audio goods, including musical instruments, and computer goods (91). Video and audio goods, including musical instruments (92) Computers, peripherals, and software (93) Other durable house furnishings (32) 236.9 50.9 30.0 25.4 80.0 261.9 53.8 30.9 27.3 97.0 294.4 56.6 32.8 28.9 122.1 338.7 60.6 36.0 32.2 154.3 56.4 23.6 50.5 38.1 53.3 68.1 60.8 57.0 79.0 92.3 63.1 Other Ophthalmic products and orthopedic appliances (46) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90). Jewelry and watches (18) Books and maps (87) 123.3 17.6 40.5 130.8 18.9 43.1 141.5 19.9 47.2 157.3 21.2 53.3 40.3 24.9 42.9 26.0 47.8 26.8 54.0 29.2 1,574.1 1,619.9 786.0 476.7 300.5 794.5 477.6 812.8 845.9 8.7 308.0 8.8 315.3 9.0 506.9 329.9 9.0 56.1 695.5 57.2 708.9 61.8 737.3 66.4 40.7 41.8 42.1 42.2 Clothing and shoes Shoes (12) Women's and children's clothing and accessories except shoes (14). Men's and boys' clothing and accessories except shoes (15+16). 258.6 38.8 140.8 271.6 40.1 148.4 292.2 42.2 161.2 318.5 45.0 177.6 78.9 83.1 Gasoline, fuel oil, and other energy goods Gasoline and oil (75) Fuel oil and coal (40) 139.7 124.2 15.6 143.1 128.1 15.0 145.1 131.2 14.0 149.6 134.2 15.5 Other Tobacco products (7) Toilet articles and preparations (21) Semidurable house furnishings (33) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34). Drug preparations and sundries (45) Nondurable toys and sport supplies (89) Stationery and writing supplies (35) Net foreign remittances (111 less 113) Magazines, newspapers, and sheet music (88) Flowers, seeds, and potted plants (95) 389.8 48.2 48.0 31.0 49.8 410.8 47.6 50.5 33.8 50.9 434.9 46.2 52.5 36.8 52.1 466.0 43.4 55.7 40.5 54.6 100.3 50.6 18.8 27.6 14.9 109.0 53.7 19.2 1.7 28.8 15.8 117.4 60.7 19.9 2.0 31.5 16.6 127.2 71.1 21.7 2.0 35.0 18.3 3,047.0 3,147.0 3,269.4 3,390.8 772.6 787.2 807.7 828.3 Line Persons! consumption expenditures Durable 9000s , Nondurable goods Food Food purchased for off-premise consumption (3) Purchased meals and beverages (4) Food furnished to employees (including military) and food produced and consumed on farms (5+6). Addenda: Food excluding alcoholic beverages(S) Alcoholic beverages purchased for off-premise consumption (9). Other alcoholic beverages (10) .6 Services Housing 48 1,779.4 96.0 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Line 1996 1997 555.4 180.6 6.2 30.2 569.0 317.3 93.3 35.5 40.7 97.1 13.6 37.1 Transportation User-operated transportation Repair, greasing, washing, parking, storage, rental, and leasing (74). Other user-operated transportation (76+77) Purchased local transportation Mass transit systems (79) Taxicab(80) Purchased intercity transportation Railway (82) Bus (83) Airline (84) Other (85) Medical care Physicians (47) Dentists (48) Other professional services (49) .... Hospitals and nursing homes (50) . Health insurance (56) 814.4 199.1 48.4 119.7 390.8 Recreation Admissions to specified spectator amusements (96) Other (94+100+101+102+103) Other Personal care Cleaning, storage, and repair of clothing and shoes (17) Barbershops, beauty parlors, and health clubs (22) Other (19) Personal business Brokerage charges and investment counseling (61) Bank service charges, trust services, and safe deposit box rental (62). Services furnished without payment by financial intermediaries except life insurance carriers (63). Expense of handling life insurance and pension plans (64) Legal services (65) Funeral and burial expenses (66) Owner-occupied nonfarm dwellings—space rent (24) Tenant-occupied nonfarm dwellings—rent (25) Rental value of farm dwellings (26) Other (27) ....... 605.7 327.4 93.5 34.1 41.6 104.7 13.5 40.1 343.0 99.6 30.8 42.1 114.4 15.1 41.5 358.0 100.3 30.9 43.0 126.3 16.0 42.0 214.2 169.7 134.2 226.4 180.6 144.2 233.1 185.6 148.3 241.2 191.9 153.9 35.5 11.2 7.7 3.5 33.3 .6 36.4 11.3 7.7 3.6 34.5 .7 1.8 27.3 4.6 37.3 12.0 8.0 4.0 35.6 .7 2.0 28.2 4.7 38.1 12.3 8.3 4.0 37.0 .7 859.8 213.7 50.5 124.3 410.4 56.6 835.4 206.0 49.6 121.1 401.1 57.8 61.0 881.7 219.5 50.6 126.8 422.3 62.7 191.1 20.7 170.3 200.0 21.5 178.5 206.8 22.5 184.3 217.8 23.4 194.5 737.5 58.0 12.7 23.5 21.7 435.1 43.2 42.9 770.4 59.0 12.8 24.7 21.4 863.1 65.5 13.5 26.2 25.8 462.1 50.5 45.6 818.6 62.1 13.0 25.7 23.4 485.9 60.3 51.7 177.0 188.4 195.8 209.5 94 95 96 97 98 99 100 101 81.3 51.5 14.5 24.8 122.3 66.1 27.4 28.8 146.8 -24.8 57.6 82.4 84.6 52.8 14.4 25.7 126.0 66.9 28.1 31.0 145.5 -22.3 62.4 84.7 82.9 53.9 14.9 27.2 130.0 67.9 28.1 34.0 154.0 -13.2 69.3 82.4 83.7 54.7 14.4 28.8 133.9 69.1 28.1 36.6 156.1 -12.7 71.5 84.2 102 .2 -2.3 -15.7 -41.9 Water and other sanitary services (39) Telephone and telegraph (41) Domestic service (42) Other (43) Residual 1999 183.7 5.7 33.4 Gas (38) L'zzzzzzzzzzzzzzz::. Other (67) 586.7 182.9 5.9 32.2 Household operation Electricity (37) Education and research Higher education (105) Nursery, elementary, and secondary schools (106) Other (107) Religious and welfare activities (108) Net foreign travel Foreign travel by U.S. residents (110) Less: Expenditures in the United States by nonresidents 1998 1.8 26.2 4.7 90 91 92 93 181.0 6.0 31.1 The residual line is the difference between the first line and the sum of the most detailed lines, Chain-type quantity indexes for the series in this table are shown in table 7.5. The figures in parentheses are the line numbers of the corresponding items in table 2.4. 2.0 29.5 4.7 520.4 74.6 57.1 52 • August 2000 SURVEY OF CURRENT BUSINESS Table 2.8.—Personal Income by Type of Income [Billions of dollars; months seasonally adjusted at annual rates] Proprietors' income with Wage and salary disbursements inv/onforv vdhistiAn anti IMVcillUiy VcLlUdUUM GnU Private industries Year and month Personal income All industries Goods-producing Total Total Manufacturing Distributive Service Government Other labor income capital consumption adiustrnan*'c Farm Nonfarm Rental income of persons with capital consumption adjustment Personal dividend income Personal interest income Transfer payments to persons Less: Personal contributions for social insurance 1997 1998 1999 6,547.4 6,937.0 7,391.0 7,789.6 3,626.5 3,888.9 4,190.7 4,470.0 2,985.5 3,224.7 3,498.0 3,745.6 908.2 975.1 1,038.6 1,089.2 673.7 718.4 756.6 782.4 822.4 879.6 949.1 1,020.3 1,254.9 1,369.9 1,510.3 1,636.0 641.0 664.3 692.7 724.4 490.0 475.4 485.5 501.0 34.3 29.7 25.4 25.3 510.5 551.5 595.2 638.2 129.7 128.3 135.4 143.4 297.4 334.9 351.1 370.3 810.6 864.0 940.8 963.7 928.8 962.2 983.0 1,016.2 280.4 297.9 316.2 338.5 1996 January February March April May June July August September October.... November December 6,352.5 6,413.2 6,449.7 6,472.0 6,506.8 6,549.5 6,563.5 6,595.9 6,631.9 6,643.4 6,676.4 6,713.8 3,499.8 3,541.6 3,559.8 3,574.7 3,597.2 3,631.1 3,632.1 3,657.6 3,682.2 3,688.4 3,713.1 3,740.3 2,868.4 2,906.9 2,923.1 2,936.8 2,957.2 2,991.0 2,990.7 3,014.4 3,037.4 3,042.5 3,065.8 3,091.7 871.4 887.3 887.6 897.2 902.5 909.3 912.9 917.9 921.9 923.7 929.7 936.4 648.4 660.6 659.1 667.8 670.7 674.8 677.5 680.2 682.8 683.0 686.9 692.9 794.2 804.9 811.3 809.3 814.9 825.7 821.0 828.6 835.4 835.1 840.6 847.8 1,202.8 1,214.7 1,224.2 1,230.3 1,239.8 1,255.9 1,256.8 1,267.9 1,280.1 1,283.7 1,295.5 1,307.5 631.4 634.7 636.8 637.9 640.0 640.1 641.4 643.1 644.8 645.9 647.3 648.6 490.5 489.9 489.5 489.2 489.1 489.1 489.3 489.6 490.0 490.4 491.3 492.5 29.6 31.0 32.6 35.1 36.5 37.4 38.6 38.2 37.0 32.7 31.4 30.9 486.6 495.7 502.1 504.2 512.9 513.7 515.1 513.6 517.8 520.2 520.9 522.9 127.7 128.6 129.1 128.8 129.0 129.3 129.7 130.1 130.5 131.0 131.4 131.8 280.1 286.6 291.1 289.1 289.3 292.8 297.5 302.7 307.0 308.5 310.7 313.6 796.2 796.8 798.6 803.0 805.9 808.8 811.5 814.6 817.8 821.2 824.6 828.2 914.6 918.1 923.3 925.2 925.5 928.1 930.5 931.8 933.4 935.1 938.7 941.0 272.6 275.2 276.3 277.2 278.5 280.7 280.7 282.3 283.8 284.1 285.7 287.4 6,754.8 6,792.1 6,830.4 6,850.2 6,877.5 6,909.5 6,937.4 6,982.4 7,016.0 7,058.0 7,103.1 7,132.7 3,758.6 3,791.8 3,817.9 3,828.9 3,847.7 3,867.1 3,885.8 3,921.4 3,939.7 3,969.9 4,011.1 4,026.8 3,103.4 3,134.5 3,159.8 3,169.1 3,186.6 3,204.3 3,220.8 3,255.0 3,271.7 3,299.2 3,338.5 3,352.8 944.8 951.0 958.3 961.0 965.2 968.2 972.9 981.2 985.7 996.2 1,004.7 1,012.4 698.6 701.3 706.3 708.8 710.4 712.9 716.1 722.3 724.8 733.7 740.1 745.0 848.6 855.9 864.6 865.8 869.3 872.8 877.7 888.7 892.7 898.6 910.8 909.5 1,310.0 1,327.5 1,336.9 1,342.3 1,352.1 1,363.4 1,370.3 1,385.0 1,393.3 1,404.4 1,423.0 1,431.0 655.2 657.4 658.1 659.8 661.0 662.8 665.0 666.5 668.0 670.7 672.6 674.0 486.1 482.7 479.4 477.1 475.0 473.4 472.3 471.6 471.3 470.7 471.7 473.5 31.1 30.5 30.1 29.8 29.6 29.5 29.9 29.8 29.6 29.6 29.0 28.1 535.0 540.3 542.9 543.5 546.0 549.7 553.6 554.8 560.3 564.5 561.0 565.9 130.9 130.4 129.9 129.4 128.9 128.4 127.7 127.3 127.0 126.8 126.6 126.6 317.4 321.0 324.8 328.1 331.5 334.9 337.6 340.3 343.0 345.2 347.0 348.1 830.1 834.4 839.8 847.9 854.2 860.3 865.2 871.7 878.9 887.4 895.1 902.7 955.6 952.9 959.3 959.8 960.1 962.9 963.0 965.3 967.1 966.7 966.9 967.0 289.9 292.1 293.7 294.4 295.5 296.7 297.7 299.9 300.9 302.7 305.2 305.9 7,186.5 7,233.7 7,272.0 7,299.3 7,344.2 7,375.0 7,410.8 7,451.5 7,473.0 7,508.1 7,575.2 7,562.6 4,057.9 4,089.0 4,107.8 4,125.5 4,160.3 4,174.4 4,196.4 4,233.9 4,248.3 4,273.2 4,302.5 4,318.9 3,378.9 3,406.7 3,423.9 3,439.3 3,471.1 3,483.3 3,503.1 3,536.8 3,548.7 3,571.4 3,598.9 3,613.8 1,018.4 1,021.8 1,025.1 1,028.4 1,033.5 1,033.3 1,032.3 1,045.8 1,050.7 1,053.6 1,057.6 1,063.1 746.3 748.8 751.4 752.3 755.7 753.6 749.6 760.1 765.1 764.2 765.2 766.8 918.2 926.1 927.9 931.9 942.4 944.2 951.1 959.0 963.3 967.7 977.5 979.8 1,442.4 1,458.8 1,471.0 1,479.0 1,495.2 1,505.8 1,519.7 1,532.0 1,534.7 1,550.1 1,563.8 1,571.0 679.0 682.3 683.9 686.2 689.1 691.2 693.3 697.2 699.6 701.7 703.7 705.1 477.9 480.1 481.9 482.5 483.8 485.0 486.3 487.5 488.6 489.6 490.8 492.2 26.3 25.2 24.4 23.9 23.3 22.6 21.5 21.1 21.0 23.7 50.3 22.1 575.1 580.2 587.5 586.8 588.3 594.8 599.8 596.8 598.5 607.1 611.3 616.7 125.8 126.5 127.8 130.8 132.8 134.8 137.3 138.9 140.1 140.8 147.5 142.3 348.1 348.4 348.8 349.1 349.3 349.7 350.1 350.8 352.1 354.1 355.7 357.3 910.1 917.7 925.3 934.3 940.9 946.5 952.1 955.7 955.8 953.3 950.3 947.2 974.2 977.1 980.0 978.7 980.0 982.2 983.9 985.4 988.0 987.2 989.5 989.8 308.9 310.5 311.5 312.4 314.4 315.1 316.4 318.6 319.4 320.9 322.7 323.8 7,595.3 7,632.1 7,656.9 7,690.1 7,716.0 7,783.0 7,797.4 7,841.1 7,847.0 7,945.7 7,977.0 7,994.3 4,340.7 4,370.1 4,382.1 4,407.8 4,428.6 4,454.8 4,484.8 4,508.5 4,527.7 4,559.6 4,572.6 4,602.7 3,627.7 3,654.5 3,664.6 3,689.1 3,708.5 3,732.5 3,760.1 3,780.8 3,797.8 3,827.4 3,838.2 3,865.9 1,062.2 1,067.3 1,069.7 1,076.2 1,081.0 1,087.7 1,094.8 1,095.6 1,103.0 1,110.7 1,109.6 1,113.2 766.1 768.1 770.1 773.2 777.0 782.0 787.0 788.0 792.1 797.5 793.4 794.3 984.7 995.8 995.9 1,004.5 1,007.9 1,017.2 1,024.6 1,031.7 1,033.4 1,041.7 1,046.5 1,060.1 1,580.8 1,591.5 1,599.0 1,608.4 1,619.7 1,627.6 1,640.7 1,653.5 1,661.3 1,675.0 1,682.1 1,692.6 712.9 715.5 717.4 718.7 720.1 722.3 724.8 727.7 729.9 732.2 734.4 736.9 493.8 495.1 496.4 497.4 498.7 500.0 501.4 502.8 504.3 505.8 507.4 509.0 24.0 26.2 24.7 25.6 22.3 39.1 17.6 16.0 13.0 39.7 39.6 15.8 615.5 618.1 623.7 628.2 626.9 639.1 641.6 649.0 642.0 649.2 659.1 665.5 144.2 145.3 145.2 145.2 144.3 147.6 141.7 141.2 127.0 146.5 148.0 144.1 359.0 360.7 362.6 364.7 366.8 368.9 371.2 373.5 375.8 378.0 380.2 382.4 945.2 944.7 945.5 947.5 950.8 955.6 963.2 969.4 975.8 984.4 989.5 993.1 1,002.5 1,003.5 1,009.1 1,008.0 1,013.3 1,015.3 1,015.4 1,021.7 1,023.8 1,027.0 1,026.0 1,029.2 329.5 331.6 332.4 334.2 335.7 337.5 339.5 341.1 342.4 344.6 345.5 347.5 8,056.4 8,099.6 8,161.6 8,206.8 8,233.9 8,266.7 4,637.4 4,657.8 4,685.9 4,724.5 4.729.2 4,754.8 3,890.6 3,908.5 3,932.3 3,967.5 3,966.2 3,993.2 1,125.9 1,128.8 1,138.0 1,147.3 1,140.4 1,146.3 800.7 802.9 804.8 812.6 807.8 812.6 1,065.9 1,070.7 1,076.2 1,089.9 1,091.6 1,100.3 1,698.8 1,708.9 1,718.0 1,730.2 1,734.1 1,746.5 746.9 749.2 753.6 757.0 763.0 761.7 511.8 514.1 516.2 518.4 520.5 522.6 17.3 18.4 21.7 23.3 18.0 24.9 667.9 671.7 684.9 684.2 686.4 692,4 144.4 145.3 147.0 144.7 140.7 139.3 384.7 387.0 388.9 390.6 392.4 394.8 1,002.1 1,011.4 1,021.2 1,025.3 1,027.9 1,029.9 1,042.5 1,047.3 1,050.9 1,053.5 1,076.8 1,067.9 351.8 353.2 355.2 357.7 358.1 359.9 1996 1997 January February March April May June July August September October November December January February March May "ZZZ June July August September ... October November .... December .... 1999 January February March April May June July August September ... October November .... December.... 2000 January February March May ZZZZZZ.'. June August 2000 • SURVEY OF CURRENT BUSINESS 53 Table 2.9.—Personal Income and Its Disposition Disposable personal, income Billions of dollars Per capita Year and month Personal income 6,547.4 6,937.0 7,391.0 7,789.6 1997 , 1996 January February March April fay June July August September October November December 1997 January February March June July August September... October November.... December.... 6,352.5 6,413.2 6,449.7 6,472.0 6,506.8 6,549.5 6,563.5 6,631.9 6,643.4 6,676.4 6,713.8 Less: Personal tax and nontax payments personal income Total Personal consumption expenditures by persons transfer payments to rest of the world (net) Equals: Personal saving Total, billions of chained (1996) dollars» Current dollars Chained (1996) dollars' Population (mid-period, thousands) Personal saving as a percentage of disposable personal income 968.8 1,070.9 1,152.0 5,677.7 5,968.2 6,320.0 6,637.7 5,405.6 5,715.3 6,054.7 6,490.1 5,237.5 5,529.3 5,850.9 6,268.7 14&.9 164.8 179.8 194.8 18.2 21.2 24.0 26.6 272.1 252.9 265.4 147.6 5,677.7 5,854.5 6,134.1 6,331.0 21,385 22,262 23,359 24,314 21,385 21,838 22,672 23,191 265,504 268,087 270,560 272,996 4.8 4.2 4.2 2.2 819.4 832.6 840.2 896.4 855.3 865.7 868.7 877.4 885.8 890.1 898.0 906.3 5,533.1 5,580.6 5,609.5 5,575.6 5,651.5 5,683.8 5,694.8 5,718.5 5,746.1 5,753.3 5,778.4 5,807.5 5,251.6 5,303.3 5,321.7 5,372.1 5,389.1 5,390.4 5,408.6 5,438.2 5,454.3 5,487.9 5,507.7 5,542.3 5,090.9 5,141.8 5,158.8 5,207.7 5,223.1 5,223.2 5,239.9 5,268.2 5,282.8 5,314.8 5,332.9 5,365.9 143.3 144.2 145.5 146.4 148.1 149.2 150.4 151.7 153.3 153.7 155.5 157.1 17.4 17.4 17.4 18.0 18.0 18.0 18.2 18.2 18.2 19.3 19.3 19.3 281.5 277.3 287.8 203.5 262.4 293.4 286.2 280.3 291.8 265.4 270.7 265.2 5,593.4 5,629.4 5,643.3 5,594.0 5,661.3 5,692.7 5,691.9 5,710.8 5,726.3 5,715.0 5,727.9 5,746.8 20,930 21,096 21,190 21,046 21,316 21,420 21,442 21,511 21,596 21,604 21,681 21,777 21,158 21,280 21,318 21,116 21,353 21,454 21,431 21,482 21,521 21,460 21,492 21,549 264,369 264,535 264,723 264,921 265,130 265,351 265,588 5.1 5.0 5.1 3.7 4;6 5.2 5.0 4.9 5.1 4.6 4.7 4.6 926.1 936.0 943.1 946.6 954.8 963.1 5,587.9 5,612.6 5,627.0 5,644.3 5,637.4 5,680.5 5,746.9 5,764.1 5,780.0 5,809.5 5,833.5 5,859.9 5,410.2 5,433.3 5,446.3 5,461.8 5,454.1 5,496.4 5,560.8 5,576.6 5,590.2 5,616.5 5,640.2 5,665.0 157.5 159.0 160.4 162.1 162.9 163.7 164.8 166.3 168.6 170.2 170.4 172.0 20.3 20.3 20.3 20.4 20.4 20.4 21.2 21.2 21.2 22.9 22.9 22.9 240.7 243.4 260.2 259.1 285.3 265.9 220.9 238.2 249.0 252.5 261.4 258.1 5,755.4 5,767.5 5,792.6 5,802.2 5,822.2 5,839.3 5,853.1 5,882.1 5,896.5 5,919.9 5,950.4 5,972.2 21,837 21,925 22,026 22,069 22,124 22,194 22,253 22,360 22,439 22,543 22,649 22,719 21,562 21,593 21,671 21,691 21,748 21,794 21,825 21,912 21,946 22,015 22,112 22,178 266,924 267,099 267,293 267,498 267,709 267,933 268,180 268,437 268,681 268,904 269,284 4.1 4.2 4.4 4.4 4.8 4.5 3.7 4.0 4.1 4.2 4.3 4.2 266,079 266,311 266,515 266,687 6,754.8 6,792.1 6,830.4 6,850.2 6,877.5 6,909.5 6,937.4 6,982.4 7,016.0 7,058.0 7,103.1 7,132.7 996.0 1,008.2 1,014.8 5,828.7 5,856.0 5,887.3 5,903.4 5,922.7 5,946.5 5,967.8 6,002.3 6,029.0 6,062.0 6,094.9 6,117.9 7,186.5 7,233.7 7,272.0 7,299.3 7,344.2 7,375.0 7,410.8 7,451.5 7,473.0 7,508.1 7,575.2 7,562.6 1,028.3 1,038.3 1,040.9 1,044.8 1iO58.O 1,066.5 1,073.6 1,086.9 1,091.6 1,098.0 1,108.5 1,115.9 6,158.2 6,195.3 6,231.1 6,254.5 6,286.3 6,308.5 6,337.2 6,364.6 6,381.5 6,410.0 6,466.7 6,446.7 5,874.0 5,910.1 5,943.6 5,963.2 6,021.5 6,053.8 6,067.0 6,099.4 6,132.2 6,167.7 6,187.3 6,236.4 5,678.5 5,713.5 5,745.9 5,763.4 5,820.5 5,850.3 5,862.0 5,893.3 5,924.9 5,957.7 5,975.9 6,024.5 173.0 174.0 175.1 175.8 176.9 179.4 180.8 181.8 183.0 184.9 186.2 186.8 22.6 22.6 22.6 24.1 24.1 24.1 24.3 24.3 24.3 25.1 25.1 25.1 284.1 285.3 287.5 291.2 264.7 254.7 270.2 265.2 249.3 242.3 279.4 210.3 6,008.8 6,042.9 6,076.7 6,087.9 6,111.2 6,131.8 6,146.9 6,165.1 6,180.5 6,195.5 6,245.5 6,216.6 22,854 22,978 23,096 23,166 23,267 23,330 23,416 23,495 23,537 23,623 23,814 23,724 22,300 22,413 22,523 22,549 22,619 22,677 22,713 22,759 22,796 22,832 22,999 22,877 269,458 269,618 269,793 269,982 270,183 270,398 270,636 270,885 271,124 271,350 271,552 271,743 4.6 4.6 4.6 4.7 4.2 4.0 4.3 4.2 3.9 3.8 4,3 3.3 7,595.3 7,632.1 7,656.9 7,690.1 7,716.0 7,783.0 7,797.4 7,841.1 7,847.0 7,945.7 7,977.0 7,994.3 1,106.9 1,116.5 1,116.1 1,121.1 1,132.9 1,146.1 1,159.1 1,154.3 1,178.6 1,185.6 1,195.4 1,210.9 6,488.4 6,515.6 6,540.8 6,569.0 6,583.1 6,636.9 6,638.3 6,262.6 6,304.5 6,363.9 6,405.2 6,419.8 6,473.3 6,499.6 6,547.4 6,583.0 6,625.5 6,660.9 6,735.7 6,049.1 6,089.3 6,147.5 6,187.3 6,200.4 6,251.8 6,277.4 6,323.4 6,358.9 6,399.3 6,433.2 6,506.3 187.9 189.6 190.8 191.2 192.7 194.8 195.5 197.4 197.5 198.6 200.2 201.8 25.6 25.6 25.6 26.7 26.7 26.7 26.6 26.6 26.6 27.6 27.6 27.6 225.8 211.1 176.9 163.9 163.4 163.6 138.7 139.4 85.3 134.5 120.7 47.7 6,240.4 6,264.4 6,286.3 6,280.8 6,294.3 6,344.7 6,331.3 6,366.4 6,327.6 6,403.8 6,420.7 6,412.0 23,862 23,949 24,027 24,114 24,148 24,326 24,310 24,465 24,377 24,691 24,752 24,741 22,950 23,025 23,092 23,056 23,089 23,255 23,185 23,293 23,131 23,390 23,435 23,387 271,914 272,065 272,230 272,413 272,613 272,832 273,071 273,318 273,556 273,782 273,984 274,174 3.5 3.2 2.7 2.5 2.5 2.5 2.1 2.1 1.3 2.0 1.8 .7 8,056.4 8,099.6 8,161.6 8,206.8 8,233.9 8,266.7 1,225.7 1,241.1 1,251.2 1,265.0 1,269.9 1,281.9 6,791.7 6,868.7 6,906.2 6,922.7 6,942.8 6,976.6 6,558.9 6,635.0 6,671.3 6,685.7 6,704.4 6,736.9 204.3 205.2 206.4 208.0 209.5 210.8 28.5 28.5 28.5 28.9 28.9 28.9 38.9 -10.3 6,438.7 6,434.9 6,455.9 6,483.2 6,503.1 6,505.1 24,898 24,985 25,159 25,256 25,319 25,375 23,469 23,442 23,504 23,587 23,643 23,632 274,347 274,503 274,674 274,859 275,054 275,264 -.1 .1 .3 .3 .1 1998 January February March April May June July August September... October November.... December.... 1999 January February March April May June July August September... October November.... December.... 2000 January February March April May June 6,668.3 6,760.0 6,781.6 6,783.4 6,830.6 6,858.5 6,910.4 6,941.8 6,964.0 1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. 4.2 19.2 21.2 8.2 54 • August 2000 SURVEY OF CURRENT BUSINESS Table 2.10.—Personal Consumption Expenditures by Major Type of Product Table 2.11.—Real Personal Consumption Expenditures by Major Type of Product [Billions of dollars; months seasonally adjusted at annual rates] [Billions of chained (1996) dollars; months seasonally adjusted at annual rates] Year and month Personal consumption expenditures Durable goods Nondurable goods Year and month Services 1996 1997 5,237.5 5,529.3 5,850.9 6,268.7 616.5 642.5 693.9 761.3 1,574.1 1,641.6 1,707.6 1,845.5 3,047.0 3,245.2 3,449.3 3,661.9 January November December 5,090.9 5,141.8 5,158.8 5,207.7 5,223.1 5,223.2 5,239.9 5,268.2 5,282.8 5,314.8 5,332.9 5,365.9 598.8 612.9 607.6 624.5 626.6 612.7 610.9 621.0 618.2 623.9 620.7 619.9 1,527.4 1,541.8 1,549.6 1,567.4 1,571.0 1,569.7 1,572.4 1,577.1 1,587.0 1,601.5 1,607.8 1,616.0 2,964.8 2,987.0 3,001.5 3,015.8 3,025.5 3,040.8 3,056.6 3,070.2 3,077.7 3,089.4 3,104.4 3,129.9 January February March April May June July August September... October November.... December.... 5,410.2 5,433.3 5,446.3 5,461.8 5,454.1 5,496.4 5,560.8 5,576.6 5,590.2 5,616.5 5,640.2 5,665.0 637.4 631.1 636.8 625.3 614.5 633.3 653.3 654.8 649.0 647.1 662.8 1,623.7 1,627.3 1,629.4 1,628.2 1,620.6 1,633.0 1,646.8 1,654.5 1,658.2 1,656.8 1,660.3 1,659.9 3,149.1 3,174.9 3,180.1 3,208.2 3,218.9 3,230.1 3,260.8 3,267.3 3,283.1 3,312.5 3,317.2 3,340.1 5,678.5 5,713.5 5,745.9 5,763.4 5,820,5 5,850.3 5,862.0 5,893.3 5,924.9 5,957.7 5,975.9 6,024.5 670.7 670.9 1,665.1 1,673.5 1,678.8 1,683.0 1,696.3 1,705.0 1,713.7 1,716.3 1,723.8 1,733.5 1,744.1 1,758.1 3,342.7 3,369.0 3,397.3 3,405.3 3,429.1 3,447.7 3,468.2 3,484.5 3,496.1 3,508.5 3,511.7 3,532.0 6,049.1 6,089.3 6,147.5 6,187.3 6,200.4 6,251.8 6,277.4 6,323.4 6,358.9 6,399.3 6,433.2 6,506.3 715.0 733.4 753.3 760.7 741.8 766.4 758.2 768.9 774.7 778.2 786.9 797.6 1,777.1 1,788.4 1,793.7 1,815.0 1,827.8 1,833.2 1,842.0 1,860.7 1,877.3 1,891.1 1,940.2 3,557.0 3,567.5 3,600.5 3,611.6 3,630.8 3,652.1 3,677.3 3,693.9 3,706.8 3,730.0 3,747.0 3,768.4 6,558.9 6,635.0 6,671.3 6,685.7 6,704.4 6,736.9 820.2 834.2 824.3 819.3 813.5 817.7 1,937.1 1,965.4 1,989.2 1,989.6 1,996.7 2,006.6 3,801.6 3,835.4 3,857.7 3,876.8 3,894.1 3,912.6 February March June July August September .. October 1998 January February March April May June July August September... October November.... December.... January February March iJay.::::::::::::: June July August September... October November... December... 675.1 695.1 705.1 715.8 720.1 734.4 2000 January February March April fy June Personal consumption expenditures Durable goods Nondurable goods Services 5,237.5 5,423.9 5,678.7 5,978.8 616.5 657.3 727.3 817.8 1,574.1 1,619.9 1,684.8 1,779.4 3,047.0 3,147.0 3,269.4 3,390.8 June July August September October November December 5,146.4 5,186.7 5,189.9 5,224.9 5,232.1 5,231,4 5,237.2 5,261.1 5,264.6 5,279.5 5,286.3 5,309.7 593.5 608.5 603.3 621.9 626.3 613.0 611.9 622.7 619.6 626.1 624.6 626.4 1,545.6 1,557.6 1,558.5 1,567.9 1,569.7 1,572.0 1,572.6 1,579.0 1,584.1 1,592.2 1,593.2 1,596.4 3,007.6 3,020.6 3,028.3 3,035.1 3,036.0 3,046.4 3,052.7 3,059.4 3,060.8 3,061.2 3,068.5 3,086.9 1997 January February March April May June July August September.... October November December 5,342.1 5,351.2 5,358.7 5,368.2 5,361.5 5,397.4 5,454.0 5,464.9 5,467.3 5,484.8 5,506.5 5,530.0 644.5 636.8 643.2 635.8 626.8 647.0 669.2 673.7 1,602.3 1,605.0 1,609.4 1,606.4 1,601.9 1,616.3 1,629.5 1,633.0 1,632.7 1,630.9 1,635.3 1,636.0 3,095.5 3,109.4 3,106.3 3,125.7 3,132.0 3,134.1 3,156.0 3,159.2 3,166.6 3,186.0 3,186.4 3,206.5 5,540.8 5,573.0 5,603.5 5,609.8 5,658.4 5,686.4 5,685.9 5,708.7 5,738.4 5,758.3 5,771.5 5,809.5 695.5 696.7 696.9 701.6 725.8 730.6 711.5 725.5 742.9 756.9 764.5 778.6 1,641.7 1,653.0 1,663.8 1,667.0 1,676.4 1,685.5 1,692.0 1,691.0 1,699.5 1,705.0 1,716.6 1,726.3 3,205.0 3,224.5 3,243.8 3,242.6 3,258.9 3,273.1 3,283.6 3,294.2 3,299.3 3,301.0 3,296.1 3,311.2 «.::::::::: June July August September ... October November.... December .... 5,817.9 5,854.5 5,908.4 5,915.8 5,928.4 5,976.6 5,987.1 6,020.4 6,033.9 6,062.1 6,090.8 6,150.0 759.2 781.6 807.2 813.3 794.6 823.6 815.3 828.3 834.8 840.0 850.6 864.8 1,738.6 1,751.5 1,755.5 1,753.1 1,767.7 1,774.2 1,777.3 1,789.0 1,791,9 1,801.6 1,810.9 1,841.7 3,324.7 3,328.3 3,354.3 3,358.6 3,373.1 3,388.6 3,402.9 3,412.8 3,417.6 3,431.2 3,441.2 3,456.8 2000 January February March April May June 6,182.6 6,225.2 6,232.5 6,244.0 6,260.6 6,274.2 890.4 907.3 1,836.6 1,847.6 1,850.1 1,854.1 1,865.4 1,863.2 3,471.7 3,488.3 3,501.5 3,513.3 3,524.4 3,533.1 1997 1998 1996 January February March April May 1, 1998 January February March « . : : : : : : June July August September .... October November December January February March 686.1 884.4 892.3 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. August 2000 • SURVEY OF CURRENT BUSINESS 55 3. Government Current Receipts and Expenditures. Table 3.1 .—Government Current Receipts and Expenditures [Billions of dollars] Line Current receipts Personal tax and nontax receipts Corporate profits tax accruals Indirect business tax and nontax accruals Contributions for social insurance Current expenditures Consumption expenditures 1996 1997 1999 1997 1996 2,269.1 2,440.0 2,617.2 2,788.0 2,334.2 2,370.5 2,413.7 869.7 223.6 620.0 555.8 968.8 1,070.9 1,152.0 244.6 255.9 237.2 679.6 718.1 646.2 622.1 662.1 587.8 898.1 225.6 644.3 566.1 935.1 227.0 632.0 576.4 954.9 231.8 643.8 583.2 2000 2,469.0 25069 2,555.2 2,592.0 2,638.1 2,683.6 2,706.4 2,749.1 2,806.6 28898 2,972.8 978.9 245.2 654.1 590.8 1,006.3 1,035.8 1,056.4 1,084.0 1,107.5 1,113.2 1,133.4 1,164.0 1,197.3 1,239.3 1,272.2 244.8 244.1 245.9 249.0 239.4 247.8 250.8 254.2 270.8 286.3 655.0 664.4 671.9 679.2 702.7 697.2 707.9 721.6 745.5 755.9 691.2 701.1 600.9 610.8 617.8 625.8 634.0 648.2 657.0 676.1 2,384.5 2,462.4 2,526.5 2,613.5 2,418.7 2,433.5 2,455.1 2,467.2 2,493.7 2,491.2 2,516.7 2,528.7 2,569.5 2,568.7 2,593.6 2,612.0 2,679.8 2,684.9 2,735.7 1,171.8 1,223.3 1,262.1 1,325.7 1,189.5 1,203.2 1,221.5 1,228.1 1,240.4 1,237.7 1,260.9 1,265.6 1,284.0 1,296.6 1,307.4 1,334.4 1,364.5 1,376.2 1,411.2 Transfer payments (net) To persons To the rest of the world (net) 916.0 902.4 13.6 945.0 934.4 10.6 965.1 954.3 10.8 998.1 986.5 11.6 931.3 935.9 928.7 7.2 941.0 945.0 8.1 966.1 957.0 9.1 978.9 959.8 19.1 992.5 937.1 8.0 958.7 951.7 7.0 984.0 933.2 7.8 958.1 938.5 19.6 956.8 911.5 19.9 975.7 8.3 982.6 10.0 999.5 1,016.2 1,024.8 1,042.9 997.3 1,016.5 1,035.5 990.4 18.9 8.3 7.3 9.1 Net interest paid Interest paid To persons and business To the rest of the world Less: Interest received by government 274.4 366.6 299.0 67.6 92.2 275.3 371.2 283.2 88.1 96.0 278.2 371.2 280.1 91.1 93.0 261.7 357.0 261.8 95.1 95.2 275.9 369.7 293.6 76.1 93.8 273.6 369.0 287.8 81.2 95.4 273.8 371.0 282.9 88.1 97.2 276.4 372.6 281.2 91.4 96.2 277.4 372.3 280.9 91.4 95.0 279.3 372.6 281.8 90.7 93.3 279.7 373.1 281.3 91.8 93.4 279.4 372.0 280.9 91.1 92.5 274.5 367.3 276.5 90.8 92.9 265.6 359.5 268.8 90.7 93.9 264.3 358.9 266.3 92.6 94.6 258.9 354.3 257.8 96.6 95.5 258.2 355.1 254.5 100.6 96.9 260.8 360.6 256.3 104.3 Less: Dividends received by government .3 .3 .4 .4 .3 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 22.6 19.1 21.5 28.4 22.2 21.1 19.2 18.0 18.2 17.8 17.8 18.0 32.4 22.9 29.7 19.5 41.4 23.5 24.5 33.7 11.1 33.0 13.9 35.0 13.5 43.9 15.6 33.4 33.6 12.5 33.3 14.1 32.8 14.8 32.2 31.2 13.4 31.3 13.6 31.7 13.7 45.6 13.2 37.8 14.9 45.0 15.3 35.3 15.8 57.7 16.3 40.7 17.3 42.0 17.4 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 Addenda: Net lending or net borrowing (-) Current surplus or deficit (-), national income and product accounts. Plus: Consumption of fixed capital Plus: Capital transfers received (net) Less: Gross investment Less: Net purchases of nonproduced assets . 0 0 0 0 0 0 0 75.3 109.4 114.1 137.6 155.5 194.7 210.0 287.9 43.4 -30.1 46.3 17.7 53.4 21.8 59.3 50.1 70.2 43.9 78.4 59.2 85.7 69.7 94.3 100.4 102.7 107.2 106.1 181.8 -48.2 13.2 5.7 64.0 19.7 75.3 43.4 109.4 51.9 62.8 137.6 79.4 155.5 115.8 194.7 121.7 210.0 192.0 287.9 181.5 27.2 183.8 28.3 186.4 32.2 277.6 -3.4 188.9 32.5 284.7 2.8 191.5 34.2 283.1 4.8 197.8 267.7 5.8 184.9 30.7 269.9 4.1 194.6 35.3 269.8 5.6 298.9 5.9 303.5 6.9 201.0 36.2 308.0 8.1 205.0 39.2 324.4 8.0 209.8 37.1 334.2 8.6 23.7 -108.2 22.9 -85.9 27.0 -68.4 33.0 -31.2 94.9 174.4 -126.4 -84.5 -121.6 -63.0 -80.2 -41.4 -64.9 1.8 199.6 36.8 308.7 7.2 176.4 23.9 249.4 -7.1 178.2 25.7 256.0 180.1 26.1 264.8 -19.8 174.4 19.4 -134.8 31.6 -53.9 57.3 33.4 90.3 84.1 -171.7 -115.4 -78.7 -22.3 30.2 90.7 180.9 26.8 188.0 32.4 278.8 2.1 -84.5 14.1 0 13.2 0 0 0 36.6 257.5 358.0 100.5 64.0 0 1.8 90.7 3.6 0 -41.4 -52.3 264.6 -.5 0 -63.0 -115.4 174.3 23.1 250.1 11.1 948.7 103.2 214.1 36.2 334.7 7.6 56 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.2.—Federal Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 1997 1997 1998 2000 IV Current receipts 1,499.1 1,625.5 1,754.0 1,874.6 1,550.5 1,572.7 1,607.8 1,645.5 1,676.0 1,711.8 1,740.3 1,772.6 1,791.5 1,817.4 1,849.6 1,890.3 1,941.0 2,011.9 Personal tax and nontax receipts Income taxes Nontaxes 670.0 662.9 751.9 741.5 759.6 892.7 9.5 692.6 685.1 7.5 724.9 8.0 836.0 827.5 8.5 902.2 7.1 717.2 7.7 733.6 7.9 751.5 8.1 Corporate profits tax accruals Federal Reserve banks Other 190.6 20.1 170.5 203.0 20.7 182.3 209.5 26.6 182.9 219.3 25.4 193.9 192.3 20.3 172.0 194.3 20.0 174.2 198.4 20.5 177.9 95.1 55.7 19.2 20.2 93.7 57.8 19.6 16.3 96.4 61.5 19.6 15.4 100.5 65.6 19.2 15.8 111.3 59.3 17.7 34.4 88.5 53.1 19.0 16.4 543.3 577.0 612.1 652.5 554.2 565.0 Indirect business tax and nontax accruals Excise taxes Customs duties Nontaxes Contributions for social insurance Current expenditures 743.9 781.3 773.1 8.2 807.0 798.8 8.2 826.2 845.9 837.4 8.5 864.8 856.0 8.8 868.7 859.5 9.2 888.5 879.0 9.4 913.7 817.8 8.4 9.6 938.2 928.4 9.8 978.0 1,003.8 993.9 968.2 9.9 9.8 209.8 20.9 209.5 21.3 188.2 209.1 26.4 182.6 210.6 26.5 184.0 213.3 26.7 186.6 205.1 26.6 178.5 212.3 24.2 188.1 214.9 24.5 190.4 217.8 25.2 192.6 232.3 111 204.6 245.7 29.2 216.5 95.6 58.9 20.5 16.2 95.9 59.5 19.8 16.6 94.7 59.7 19.1 15.8 95.1 60.0 19.4 15.7 95.8 60.8 19.6 15.4 97.5 62.2 19.9 15.4 97.3 62.8 19.4 15.1 97.9 64.4 18.2 15.3 98.9 65.6 18.0 15.3 101.4 66.0 19.7 15.6 103.9 66.2 20.8 16.9 106.8 70.1 19.4 17.3 108.6 69.6 21.8 17.2 572.2 580.2 590.5 600.5 607.7 615.9 624.2 647.4 657.4 666.6 681.5 691.2 904.1 1,635.9 1,678.8 1,705.0 1,750.2 1,654.2 1,659.2 1,675.8 1,679.2 1,701.0 1,685.9 1,698.4 1,700.6 1,735.1 1,727.8 1,732.2 1,743.1 1,797.7 1,776.0 1,814.8 Consumption expenditures 445.3 456.9 453.7 470.8 449.4 451.3 461.5 457.5 457.2 445.5 457.5 451.0 460.7 464.5 460.2 471.3 487.0 478.7 499.9 Transfer payments (net) To persons 691.6 678.1 13.6 717.5 706.8 10.6 731.0 720.2 10.8 746.1 734.5 11.6 705.8 709.3 729.4 709.8 19.6 718.8 8.1 726.6 719.6 7.0 730.9 702.1 7.2 717.1 709.2 8.0 726.9 685.9 714.1 706.3 7.8 721.7 9.1 739.6 720.5 19.1 738.6 730.3 8.3 742.8 732.9 10.0 745.0 735.9 9.1 757.7 738.8 18.9 763.2 754.9 8.3 777.2 769.9 7.3 To the rest of the world (net) Grants-in-aid to State and local governments 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 Addenda: Net lending or net borrowing (-) Current surplus or deficit (-), national income and product accounts. Plus: Consumption of fixed capital Plus: Capital transfers received (net) Less: Gross investment Less: Net purchases of nonproduced assets . 19.9 190.4 196.8 209.1 229.3 189.2 191.1 193.8 196.7 205.6 205.0 205.4 209.9 216.1 223.0 221.4 234.0 238.8 235.0 240.7 273.6 296.2 228.5 67.6 22.6 276.2 298.6 210.6 88.1 22.4 278.8 297.4 206.2 91.1 18.5 264.7 281.8 186.7 95.1 17.1 275.1 298.8 222.8 76.1 23.8 273.8 297.3 216.0 81.2 23.5 274.8 298.5 210.4 88.1 23.8 277.5 299.6 208.2 91.4 22.1 278.5 299.0 207.6 91.4 20.4 279.6 299.0 208.3 90.7 19.4 280.2 299.4 207.5 91.8 19.2 280.0 298.0 206.9 91.1 18.0 275.4 293.0 202.2 267.1 284.0 191.3 92.6 16.9 262.2 279.0 182.4 96.6 16.8 261.8 279.4 178.8 100.6 17.6 265.0 284.5 180.2 104.3 19.6 262.0 281.5 90.8 17.6 267.7 284.9 194.2 90.7 17.2 35.1 31.5 32.4 39.3 34.8 33.7 31.7 30.4 30.3 28.7 28.7 28.8 43.2 33.9 40.7 30.5 52.3 34.1 35.0 33.4 -1.7 32.6 1.1 34.5 2.2 43.5 4.2 33.0 -1.8 33.3 -.4 32.9 1.2 32.4 2.0 31.8 1.6 30.8 2.1 30.9 2.2 31.3 2.4 45.2 2.0 37.3 3.4 44.6 3.9 34.8 4.3 57.2 4.9 403 6.2 41.5 6.5 117.5 147.3 143.3 235.8 86.1 31.4 94.8 52.5 103.3 40.0 106.6 129.3 0 0 0 0 0 0 0 -136.8 -53.3 49.0 124.4 -103.7 -86.5 -68.0 -33.7 -25.0 25.9 41.9 71.9 56.4 16.7 -153.5 30.5 -83.8 56.9 -7.9 90.7 33.7 21.6 -125.3 21.3 -107.7 25.8 -93.8 32.1 -65.8 42.7 45.7 -19.8 52.9 -11.0 59.0 12.9 70.1 -13.7 78.6 -144.7 -136.8 -48.7 -63.3 52.6 49.0 117.1 124.4 -93.5 -103.7 -66.7 -S6.5 -45.6 -68.0 -07.7 -33.7 -24.7 -25.0 30.4 25.9 51.0 41.9 71.2 71.9 57.8 56.4 92.3 108.7 117.5 135.6 147.3 131.6 143.3 224.4 235.8 85.3 -10.7 86.3 -O.8 -8.4 81.3 -7.6 88.4 -3.6 86.9 -5.7 92.8 -3.2 97.8 -.8 85.7 -10.3 86.2 -9.3 77.8 -.8 86.6 -9.2 -8.5 83.9 -1.5 87.5 -6.7 81.7 -1.3 87.5 -4.0 82.5 -3.4 87.9 -2.5 87.4 -11.1 88.7 -4.1 90.3 -5,0 89.5 -3.9 87.3 90.9 -.7 89.6 92.0 -3.8 98.1 -1.1 93.4 -5.9 99.0 95.0 -2.4 104.5 -.2 97.2 -7.0 101.3 0 0 0 0 -14.8 81.9 -26.9 0 11.1 -2.1 19.5 0 103.6 98.7 -8.2 104.8 -.8 August 2000 • SURVEY OF CURRENT BUSINESS 57 Table 3.3.—State and Local Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1997 1996 1998 1999 IV Current receipts Personal tax and nontax receipts Income taxes Nontaxes Other Corporate profits tax accruals Indirect business tax and nontax accruals Sales taxes Property taxes Other 2000 IV I IV 960.4 1,011.3 1,072.3 1,142.7 972.9 988.9 999.7 1,020.1 1,036.6 1,048.5 1,057.2 1,075.4 1,108.2 1,111.9 1,120.8 1,150.3 1,187.6 1,195.9 199.6 152.9 29.2 17.5 205.5 157.8 30.0 17.7 210.2 161.9 30.4 17.8 213.4 164.4 30.9 18.1 216.9 167.6 31.1 18.2 234.9 182.8 33.1 19.1 249.7 194.8 35.1 19.8 219.2 169.5 31.4 18.4 225.0 174.5 31.8 18.7 228.8 177.5 32.3 18.9 230.2 178.4 32.8 19.0 238.1 185.7 33.3 19.1 242.7 189.6 33.8 19.2 244.5 190.7 34.3 19.5 244.9 190.3 34.9 19.7 250.3 195.0 35.4 19.9 259.2 203.2 35.9 20.1 261.4 204.6 36.5 20.3 33.0 34.2 35.1 36.6 33.3 32.8 33.4 35.4 35.2 35.1 35.3 35.8 34.3 35.5 35.9 36.3 38.5 40.6 524.9 255.6 211.4 58.0 552.5 269.3 220.3 62.9 583.1 284.9 229.2 69.0 617.5 307.1 238.5 71.9 533.0 259.4 214.3 59.4 543.5 266.0 216.9 60.6 548.2 266.8 219.2 62.1 558.2 271.4 221.4 65.4 560.3 273.1 223.7 63.5 569.3 277.6 225.8 65.9 576.1 283.1 228.0 65.0 581.7 285.3 230.3 66.1 605.3 293.7 232.6 79.0 599.3 296.7 235.0 67.6 609.1 302.8 237.3 620.2 310.8 239.7 69.7 641.6 318.3 242.1 81.2 649.2 327.4 244.8 77.0 268.4 211.0 37.0 20.4 655.6 330.1 247.5 77.9 12.5 10.8 10.0 9.6 11.9 11.4 11.0 10.6 10.4 10.3 10.1 9.9 9.8 9.6 9.6 9.5 9.5 9.7 9.9 190.4 196.8 209.1 229.3 189.2 191.1 193.8 196.7 205.6 205.0 205.4 209.9 216.1 223.0 221.4 234.0 238.8 235.0 240.7 939.0 980.3 1,030.6 1,092.7 953.6 965.4 973.1 984.6 998.3 1,010.3 1,023.8 1,037.9 1,050.5 1,064.0 1,082.9 1,102.9 1,121.0 1,143.9 1,161.6 726.5 766.4 855.0 740.0 751.9 760.0 770.7 783.2 792.2 803.5 814.5 823.4 832.1 847.2 863.1 877.4 897.5 911.3 . 224.3 227.5 234.1 252.0 225.6 226.6 227.0 227.9 228.7 229.8 232.1 235.2 239.3 245.4 249.7 254.5 258.5 261.6 265.6 Net interest paid Interest paid Less: Interest received by government .9 70.4 69.5 -.9 72.6 73.5 -.6 73.9 74.5 ^3.0 75.1 78.1 .8 70.9 70.0 -.2 71.7 71.9 -1.0 72.5 73.4 -1.1 73.0 74.1 -1.2 73.4 74.5 -.4 73.5 73.9 -.4 73.7 74.2 -.6 74.0 74.6 -1.0 74.3 75.2 -2.1 74.6 76.8 -2.7 75.0 77.7 -3.3 75.3 78.6 -3.6 75.7 79.3 -42 -4.5 76.4 80.9 Contributions for social insurance Federal grants-in-aid Current expenditures Consumption expenditures Transfer payments to persons 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 Addenda: Net lending or net borrowing (-) Current surplus or deficit (-), national income and product accounts. Plus: Consumption of fixed capital Plus: Capital transfers received (net) Less: Gross investment Less: Net purchases of nonproduced assets ., 76.1 80.2 .3 .3 .4 .4 .3 .3 .3 .3 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 -12.5 -12.4 -10.9 -11.0 -12.5 -12.5 -12.5 -12.5 -12.1 -10.9 -10.9 -10.9 -10.8 -11.0 -11.0 -11.0 -10.9 -10.6 -10.5 .3 12.8 .4 12.8 .4 11.3 .5 11.4 .4 12.9 .4 12.9 .4 12.9 .4 12.9 .4 12.5 .4 11.4 .4 11.4 .4 11.3 .4 11.2 .4 11.4 .5 11.4 .5 11.4 .5 11.4 .5 .5 11.0 11.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21.4 31.0 41.7 50.0 19.3 23.5 26.6 35.5 38.3 38.1 33.4 37.5 57.7 47.9 38.0 47.4 2.7 18.7 1.1 29.9 .4 41.3 -.4 50.4 2.2 17.1 1.6 21.9 1.2 25.4 .8 34.7 37.6 37.5 .5 32.9 .3 37.2 .1 57.6 -.2 48.1 -.4 38.3 -.5 47.9 -.6 67.2 -.5 52.5 -27.0 21.4 -30.1 31.0 -22.4 41.7 -22.1 50.0 -33.0 19.3 -34.9 23.5 -34.6 26.6 -57.2 35.5 -23.6 38.3 -24.7 38.1 -31.3 33.4 -27.8 37.5 -6.8 57.7 -29.5 47.9 -29.3 38.0 -19.9 47.4 -9.9 -32.3 52.0 33.8 163.8 7.4 94.2 35.3 99.5 36.0 90.7 34.2 169.4 7.7 96.3 35.1 186.1 97.4 34.7 98.5 34.7 190.2 7.7 100.3 36.6 194.4 7.8 102.1 38.1 195.8 7.9 103.7 36.0 209.3 8.0 105.8 40.4 205.4 8.0 107.7 42.1 178.2 7.4 93.6 35.3 183.0 94.7 35.7 191.9 7.7 106.8 40.0 210.9 92.1 35.1 183.3 7.2 109.9 41.6 219.8 8.2 8.1 7.1 186.0 7.1 187.4 7.5 209.0 8.1 0 52.0 -.4 112.7 44.2 115.4 44.4 232.9 8.3 229.9 8.4 58 • SURVEY OF CURRENT BUSINESS August 2000 Table 3.4.—Personal Tax and Nontax Receipts Table 3.6.—Contributions for Social Insurance [Billions of dollars] [Billions of dollars] Line Personal tax and nontax receipts Federal Income taxes Withheld Declarations and settlements Less: Refunds 1996 1997 1998 1999 1 869.7 968.8 1,070.9 1,152.0 2 670.0 751.9 836.0 902.2 3 4 5 6 662.9 548.6 203.6 89.3 743.9 595.1 242.5 93.8 827.5 650.7 276.8 100.0 892.7 717.7 300.3 125.2 Nontaxes2 7 7.1 8.0 8.5 9.5 State and local 8 199.6 216.9 234.9 249.7 Income taxes Motor vehicle licenses Property taxes Other taxes 3 , Nontaxes Fines Other4 9 10 11 12 152.9 10.5 4.4 2.6 167.6 11.0 4.6 2.7 182.8 11.5 4.8 2.8 194.8 11.8 5.0 3.0 13 14 15 29.2 8.6 20.6 31.1 9.0 222 33.1 9.5 23.5 35.1 10.2 24.9 1. Excludes estate and gift taxes, which are classified in the NIPA's as capital transfers. 2. Consists of fines, immigration fees, certain penalty taxes, and excise taxes paid by nonprofit institutions serving individuals. 3. Consists largely of hunting, fishing, and other personal licenses. 4. Consists largely of donations and unclaimed bank deposits. Table 3.5.—Indirect Business Tax and Nontax Accruals [Billions of dollars] Line Indirect business tax and nontax accruals Federal Excise taxes Gasoline Alcoholic beverages Tobacco Diesel fuel Airtransport Crude oil windfall profits tax Other1 , Customs duties Nontaxes Outer Continental Shelf royalties Deposit insurance premiums Other* , 1996 1997 1999 620.0 646.2 679.6 718.1 95.1 93.7 96.4 100.5 55.7 22.3 7.4 5.8 7.8 2.5 57.8 22.1 7.3 5.9 7.4 6.5 61.5 23.4 7.4 5.5 7.7 8.3 65.6 23.9 7.4 5.4 8.3 10.1 9.9 8.6 9.1 10.4 19.2 19.6 19.6 19.2 20.2 4.2 7.2 8.8 16.3 4.7 2.0 9.5 15.4 3.2 1.9 10.2 15.8 3.4 2.2 10.2 524.9 552.5 583.1 617.5 Sales taxes State General Gasoline Alcoholic beverages Tobacco Public utilities Insurance receipts Other Local General Public utilities Other 255.6 210.9 143.2 26.6 3.7 7.4 8.6 9.1 12.3 44.6 31.0 7.6 6.0 269.3 222.0 152.0 27.7 3.7 7.6 8.7 9.2 13.0 47.3 32.8 8.0 6.5 284.9 234.3 161.7 28.7 3.8 8.0 8.8 9.4 13.8 50.7 35.2 8.5 7.0 307.1 252.4 Property taxes Motor vehicle licenses Severance taxes Overtaxes 3 211.4 4.6 4.5 25.8 220.3 4.8 4.5 27.7 229.2 5.1 3.6 29.7 238.5 5.2 3.1 31.6 Nontaxes Rents and royalties Specii' Fines Other 4 23.1 4.5 3.2 5.5 9.9 25.9 4.7 3.4 6.0 30.6 4.8 3.5 6.4 11.8 15.9 31.9 5.2 3.6 6.8 16.3 State and local 1. than 2. 3. 4. 176.9 29.6 4.0 8.4 9.0 9.8 14.7 54.7 38.3 9.0 7.5 Consists largely of taxes on telephone services, tires, coal, nuclear fuel, and trucks, and of refunds other those for alcoholic beverages and tobacco. Consists largely of fines, fees, and royalties other than those associated with the Outer Continental Shelf. Consists largely of business licenses and of documentary and stamp taxes. Consists largely of donations. Beginning with 1997, includes settlements of lawsuits with tobacco companies. Line Contributions for social insurance Employer contributions Federal social insurance funds Old-age, survivors, disability, and hospital insurance Old-age, survivors, and disability insurance Hospital insurance Unemployment insurance State unemployment insurance Federal unemployment tax Railroad employees unemployment insurance Federal employees unemployment insurance Railroad retirement Pension benefit guaranty Veterans life insurance Workers'compensation Military medical insurance' State and local social insurance funds Temporary disability insurance Workers'compensation Personal contributions Federal social insurance funds Old-age, survivors, disability, and hospital insurance Employees Old-age, survivors, and disability insurance Hospital insurance Self-employed Supplementary medical insurance State unemployment insurance Railroad retirement Veterans life insurance State and local social insurance funds 2 1996 555.8 1997 587.8 275.4 1998 1999 622.1 662.1 305.9 323.6 265.2 280.7 297.7 315.9 229.5 179.3 50.2 245.8 191.8 54.0 263.3 205.2 58.0 281.6 219.5 62.1 28.8 22.2 28.2 21.3 6.3 0 .5 27.6 20.4 6.6 .1 .5 27.4 20.0 6.9 .1 .5 1.2 0 1.9 1.2 2.6 1.0 0 1.9 1.2 2.7 1.0 0 2.0 1.1 2.8 1.0 0 2.0 1.1 10.2 9.2 8.2 7.7 0 10.2 0 9.2 0 8.2 0 7.7 280.4 297.9 316.2 338.5 278.2 257.4 229.8 178.4 51.4 27.7 18.6 .1 1.3 .8 296.3 275.0 246.1 190.8 55.3 29.0 19.2 0 1.3 .8 314.4 19.3 0 336.6 314.2 281.5 218.0 63.5 32.7 20.3 0 1.4 .7 1.4 .7 2.2 1.6 1.8 1.9 5.9 0 2.6 293.1 262.5 203.2 59.3 30.6 1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities. 2. Consists of contributions for temporary disability insurance. August 2000 • SURVEY OF CURRENT BUSINESS 59 Table 3.7.—Government Consumption Expenditures and Gross Investment by Type [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1996 1997 2000 1999 1998 I Government consumption expenditures and gross investment1. 1,421.9 1,487.9 1,540.9 1,634.4 1,438.9 1,459.2 1,486.3 1,498.0 1,508.2 1,507.6 1,538.6 1,550.3 1,567.2 1,595.5 1,610.9 1,642.4 1,710.4 1,746.0 531.6 538.2 540.6 568.6 529.4 529.2 543.4 541.3 538.9 528.0 544.9 541.4 548.0 554.1 558.3 570.4 591.6 580.1 604.7 National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software ; 357.0 302.4 21.0 7.7 273.7 133.1 352.6 365.0 355.0 305.6 19.8 7.4 278.4 346.4 354.4 303.6 21.1 7.4 275.2 131.2 338.6 291.9 20.2 6.8 264.9 132.2 353.8 304.1 21.8 6.9 275.4 130.3 305.7 20.7 6.3 278.8 133.5 355.3 302.2 22.6 7.6 271.9 132.9 312.2 24.0 10.0 278.2 133.4 380.8 324.7 22.3 8.6 293.8 132.8 366.6 301.2 20.7 6.6 273.8 130.8 355.0 301.7 22.3 7.6 271.9 131.3 367.5 132.1 354.7 304.1 20.6 7.7 275.8 132.3 356.5 301.1 20.5 7.9 272.7 133.9 355.0 308.0 22.3 7.1 278.5 132.8 349.3 304.2 21.1 7.5 275.6 132.5 349.2 299.7 21.3 7.0 271.5 131.1 382.2 326.2 22.5 10.7 293.0 136.8 63.0 62.8 62.3 63.1 62.9 62.9 62.8 62.7 62.8 62.4 62.2 62.3 62.3 62.7 62.9 63.2 63.8 64.5 64.9 77.7 54.6 6.7 47.9 80.2 48.4 5.7 42.7 78.1 49.5 5.4 44.0 84.4 53.8 5.3 48.5 83.4 49.4 6.4 43.0 75.8 45.3 5.9 39.4 82.9 47.0 5.6 41.4 80.9 50.6 5.7 44.9 81.2 50.8 5.7 45.1 70.3 46.8 5.6 41.2 48.1 5.0 43.1 78.3 53.3 5.9 47.4 828 49.7 5.1 44.5 82.5 50.8 5.4 45.4 76.2 53.1 5.4 47.8 81.6 55.4 5.3 50.1 97.2 56.1 5.2 50.8 76.4 55.4 4.7 50.6 91.4 56.1 4.5 51.5 Nondefense Consumption expenditures Durable goods 2 Nondurable goods Commodity Credit Corporation inventory change. Other nohdurables Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software 174.6 142.9 1.1 6.1 -.4 185.6 152.7 1.2 7.9 -.1 191.4 154.0 -.2 8.9 174.5 143.8 .7 6.3 -.3 182.8 150.2 1.2 7.4 0 188.4 153.5 1.4 7.7 -.2 186.6 153.3 1.0 7.9 -.2 184.5 153.6 1.1 8.6 .1 189.3 153.7 1.3 8.3 0 195.6 156.3 1.3 186.4 149.4 -4.7 194.2 156.6 1.2 9.7 1.4 197.6 158.8 1.3 9.2 1.1 203.0 158.0 1.3 9.0 .7 202.8 159.1 1.2 .6 203.5 159.6 1.3 9.4 1.1 9.0 .7 210.7 162.3 1.3 10.4 2.0 213.5 167.5 1.3 9.7 1.1 222.5 173.7 1.3 9.5 1.0 6.5 135.7 76.4 8.0 143.6 79.1 8.3 145.3 82.3 8.2 148.9 87.2 136.7 75.9 7.4 141.7 78.7 7.9 144.4 79.5 8.1 144.4 79.4 8.4 144.0 78.9 8.4 144.0 80.5 8.4 146.3 81.6 8.2 145.1 82.4 8.3 145.7 84.6 8.1 148.3 8.2 147.7 86.7 8.2 149.0 86.5 8.4 150.7 87.8 8.7 156.5 92.9 8.5 162.9 97.2 Federal 311.2 22.4 8.1 280.7 133.2 9.0 18.0 19.4 21.2 24.2 18.4 18.8 19.2 19.6 20.0 20.4 20.9 21.4 22.1 22.9 23.7 24.6 25.5 26.6 27.6 41.3 31.7 11.1 20.5 45.1 32.9 9.7 23.2 41.8 37.4 11.1 26.3 37.5 44.0 11.0 33.0 42.4 30.6 10.0 20.7 44.1 32.6 10.2 22.4 45.7 34.9 9.9 25.0 45.4 33.3 10.4 22.8 45.1 30.9 8,4 22.5 43.1 35.7 10.8 24.9 43.8 39.3 10.8 28.5 41.2 37.1 11.5 25.6 39.0 37.7 11.5 26.2 37.4 38.8 11.4 27.4 37.2 45.0 10.5 34.5 38.0 43.7 10.6 33.1 37.4 48.5 11.6 36.8 36.9 46.0 10.9 35.1 38.1 48.8 10.2 38.5 949.7 1,000.3 1,065.8 766.4 808.4 855.0 13.8 15.0 15.9 81.7 83.6 91.3 747.7 670.9 709.8 596.4 624.1 751.9 13.5 82.3 656.1 559.5 942.9 760.0 13.7 80.6 665.7 566.3 956.6 740.0 13.3 82.9 643.8 549.8 783.2 14.2 82.7 686.3 580.1 979.6 792.2 14.6 82.6 695.0 586.0 993.7 1,008.9 1,019.2 1,041.4 1,052.6 1,072.1 1,097.3 1,130.4 1,141.2 State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software 68.2 72.4 76.9 83.0 70.7 71.9 72.9 74.3 75.1 76.1 77.5 79.0 23.0 163.8 122.5 41.3 28.7 183.3 139.3 44.0 36.5 191.9 144.0 48.0 40.6 210.9 157.5 53.4 24.5 169.4 127.1 42.3 25.9 178.2 135.4 42.7 27.5 183.0 139.4 43.6 29.3 186.0 141.6 44.4 32.0 186.1 141.0 45.1 33.9 187.4 141.1 46.3 35.9 190.2 142.8 47.5 37.7 194.4 145.7 48.7 Addenda: Compensation of general government employees3 Federal State and local 759.4 211.0 548.4 790.0 213.2 576.8 818.9 215.1 603.8 854.7 222.2 632.5 765.6 209.6 556.0 780.6 214.5 566.2 787.1 213.9 573.2 793.6 213.2 580.4 798.7 211.4 587.2 807.6 214.4 593.2 814.7 214.3 600.4 823.1 215.4 607.7 890.4 726.5 13.1 79.9 633.6 542.3 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 own-account investment and related expenditures 311.2 22.4 10.8 277.9 137.0 770.7 13.9 81.3 675.5 573.3 803.5 14.9 83.6 705.0 593.1 814.5 15.1 84.0 715.4 600.2 823.4 15.4 84.1 723.9 606.4 832.1 15.6 84.3 732.2 613.2 847.2 15.8 89.3 742.1 620.0 82.1 83.7 85.7 88.0 90.3 38.6 195.8 146.2 49.6 38.6 209.3 158.3 50.9 40.0 205.4 153.0 52.4 41.3 209.0 154.8 54.2 42.6 219.8 163.9 44.4 232.9 175.0 56.0 57.9 45.8 229.9 169.5 60.4 830.3 216.2 614.0 844.2 222.7 621.5 850.0 221.7 628.2 858.2 222.0 636.3 222.4 644.0 883.6 231.7 651.9 894.9 235.7 659.1 863.1 16.0 94.2 752.9 627.9 877.4 16.4 97.4 763.7 635.4 897.5 16.6 105.1 775.8 643.5 911.3 16.9 107.6 786.8 650.7 for goods and services are classified as investment in structures and in software. 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. 60 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.8.—Real Government Consumption Expenditures and Gross Investment by Type [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1997 1996 I IV Government consumption expenditures and gross investment1. Federal 1 II 1998 III IV I II 2000 1999 III IV I II III IV I II 1,421.9 1,455.4 1,486.4 1,536.1 1,430.6 1,434.6 1,457.0 1,464.8 1,465.3 1,461.6 1,487.6 1,492.9 1,503.3 1,517.1 1,519.9 1,537.8 1,569.5 1,565.1 1,588.2 2 531.6 529.6 526.9 540.1 527.6 521.7 534.8 533.4 528.4 515.9 531.8 527.5 532.4 529.5 532.1 541.0 558.1 537.1 559.1 National defense Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital4. Other services Gross investment Structures Equipment and software 3 4 5 6 7 8 357.0 302.4 21.0 7.7 2737 133.1 347.7 298.5 21.2 7.7 269.6 128.3 341.7 290.7 21.5 8.0 2613 124.3 348.5 293.8 22.7 8.9 262.5 121.0 353.3 303.2 19.8 7.0 276.4 131.0 341.6 295.7 20.5 7.7 267.6 129.8 350.3 302.6 22.4 7.4 272.9 128.5 350.4 298.9 20.6 8.1 270.1 128.2 348.5 296.8 21.3 7.6 2678 126.5 332.0 283.9 20.4 7.5 256.0 125.6 342.4 292.9 21.0 7.6 264.3 124.3 347.2 292 5 22.6 8.8 2613 124.3 345.1 2937 22.1 8.1 2636 122.7 342.4 2906 21.0 7.6 2620 121.6 340.3 286.4 22.9 8.7 2551 120.9 350.4 294.1 24.4 10.6 259.7 121.2 360.9 304.0 22.5 8.7 273.0 120.2 341.5 285.7 22.6 10.2 253.4 119.7 355.3 298.7 22.6 10.1 266.4 119.3 9 63.0 62.7 62.4 62.7 62.9 62.8 62.7 62.7 62.6 62.5 62.4 62.4 62.4 62.5 62.6 62.8 62.9 63.2 63.4 10 11 12 13 77.7 54.6 6.7 47.9 78.7 49.1 5.5 43.6 74.7 510 5.1 45.9 78.9 55.0 4.8 50.3 82.5 50.0 6.3 43.7 75.0 45.8 5.7 40.1 81.7 47.5 5.4 42.1 79.3 51.5 5.5 46.0 78.7 51.7 5.4 46.3 67.9 48.0 5.4 42.7 77.7 49.4 4.8 44.7 74.6 55.0 5.5 49.5 78.5 51.5 4.8 46.8 77.9 51.9 5.0 47.0 71.7 54.3 4.9 49.5 76.0 56.6 4.8 52.0 90.1 57.2 4.7 52.7 70.6 56.3 4.2 52.4 83.9 57.0 4.0 53.3 Nondefense Consumption expenditures Durable goods2 Nondurable goods Commodity Credit Corporation inventory change. Other nondurables Services '. .... Compensation of general government employees, except own-account 3 investment . Consumption of general government fixed capital4. Other services Gross investment Structures Equipment and software 14 15 16 17 18 174.6 142.9 1.1 6.1 -.4 181.8 148.6 1.3 7.9 -.1 185.2 147.2 0 9.3 .9 191.5 147.5 1.5 10.0 2.0 174.4 143.6 .8 6.4 -.3 180.1 147.3 1.3 7.5 -.1 184.5 149.3 1.5 7.7 -.2 182.9 149.3 1.2 7.9 -.2 179.8 148.4 1.2 8.6 .2 183.8 147.6 1.5 8.4 0 189.3 149.5 1.5 8.8 .3 180.3 142.7 -4.4 9.6 1.4 187.2 148.9 1.4 10.5 2.1 187.0 147.7 1.5 9.9 1.7 191.6 146.6 1.6 9.4 1.3 190.5 146.8 1.4 9.5 1.5 197.1 148.9 1.5 11.4 3.4 195.4 150.0 1.6 10.7 2.6 203.6 155.8 1.5 10.2 2.3 19 20 21 6.5 1357 76.4 8.0 1394 75.9 8.4 1382 76.7 8.1 136 9 77.2 6.8 136.4 75.9 7.5 138.6 76.1 7.9 1401 76.5 8.1 140.2 76.2 8.4 1388 74.9 8.4 137 8 75.6 8.5 1393 76.4 8.3 137 8 76.7 8.4 137 8 78.3 8.1 1371 78.5 8.2 1362 77.0 8.0 136.6 76.3 8.0 137.6 77.2 8.1 139.2 78.8 8.0 145.2 82.9 22 18.0 19.6 21.5 24.4 18.5 18.9 19.3 19.8 20.2 20.7 21.2 21.8 22.5 23.2 24.0 24.8 25.6 26.5 27.3 23 24 25 26 41.3 31.7 11 1 20.5 44.0 33.3 9.4 23.9 40.0 38.2 10.5 27.8 35.5 44.7 10.1 35.0 41.9 30.8 9.9 20.9 43.5 32.8 10.0 22.8 44.3 35.2 9.7 25.6 44.4 33.7 10.1 23.6 43.8 31.3 8.0 23.5 41.6 36.3 103 26.1 41.8 40.1 10.2 30.1 39.4 37.9 10.8 27.1 37 2 38.5 107 27.9 35.5 39.5 10.6 29.1 35.4 45.7 9.7 36.6 35.9 44.4 9.7 35.1 35.1 49.1 10.5 39.1 34.2 46.0 9.8 36.7 35.1 48.5 9.1 40.2 State and local Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital4. Other services Gross investment Structures Equipment and software 27 28 29 30 31 32 890.4 726.5 13.1 79.9 6336 542.3 925.8 745.7 13.9 82.3 649.5 550.9 959.2 772.6 15.1 88.6 669.2 559.6 995.6 794.6 16.1 93.4 685.8 567.5 903.0 734.5 13.3 81.7 639.4 545.8 912.8 736.6 13.5 81.2 641.8 546.9 922.2 742.2 13.8 81.7 646.8 549.6 931.4 748.7 14.0 82.5 652.2 552.4 936.8 755.2 14.3 84.0 657.0 554.7 945.5 762.6 14.7 86.3 6618 556.2 955.7 769.9 15.0 88.0 667.2 558.7 965.1 776.4 15.3 89.5 672 0 561.0 970.7 781.6 15.5 90.8 675 7 562.5 987.2 786.0 15.7 91.5 679.3 564.7 987.5 791.2 16.0 92.7 6831 566.3 33 68.2 71.7 75.8 80.6 69.4 70.3 71.2 72.1 73.1 74.1 75.2 76.3 77.5 78.7 80.0 81.3 82.6 84.1 85.6 34 35 36 37 23.0 163.8 1225 41.3 26.8 180.2 1347 45.4 33.7 186.7 135.5 51.6 37.7 201.2 143.2 58.9 24.2 168.5 125.7 42.7 24.6 176.3 132.7 43.5 25.9 180.0 135.2 44.8 27.6 182.8 136.6 46.2 29.1 181.6 134.4 47.3 31.3 183.0 134.1 49.1 33.2 185.8 135.3 50.9 34.6 188.8 136.7 52.5 35.6 189.1 135 8 53.9 35.8 201.4 146.0 55.8 36.9 196.4 139.6 57.7 38.2 199.0 140.2 60.0 39.8 207.9 146.9 62.1 40.3 218.2 155.2 64.0 40.9 213.6 148.8 66.5 Residual 38 0 0 -1.2 -4.4 .2 .3 -.2 -.2 -.4 -1.2 -1.8 -22 -1.9 -4.3 -62 -6.1 -6.1 -6.7 769.1 2026 566.6 774.9 1999 575.1 760.4 2084 552.0 761.1 207.6 553.4 765.1 205 8 559.3 764.3 202.7 561.6 765.9 202 9 563.0 768.1 202 5 565.6 770.7 202.6 568.0 771.8 202.3 569.6 773.5 201.2 572.3 773.6 199.8 573.8 775.4 199.3 576.2 777.0 199.0 578.0 780.7 200.1 580.6 786.8 203.9 582.9 . Addenda: Compensation of general government employees3 Federal State and local 39 40 41 759.4 2110 548.4 763.4 2057 557.7 NOTE.-Chained (1996) dollar series are calculated as the . . . . 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. 0 763.0 206 6 556.4 996.4 1,011.2 1,027.4 1,028.7 797.6 803.7 809.8 815.5 17.0 16.2 16.5 16.8 97.7 94.0 95.3 96.5 6881 692.5 697.3 701.6 568.6 570.2 573.1 575.4 See footnotes to table 3.7. Chain-type quantity indexes for the series in this table are shown in table 7.11. Contributions to percent change in real government consumption expenditures and gross investment are shown in table 8.6. August 2000 SURVEY OF CURRENT BUSINESS Table 3.9.—Government Consumption Expenditures Gross and Net of Sales by Type [Billions of dollars] Government consumption expenditures Federal National defense Durable goods1 Gross consumption expenditures Less: Sales Nondurable goods Gross consumption expenditures Less: Sales Services Gross consumption expenditures Less: Sales Nondefense Durable goods1 Gross consumption expenditures Less: Sales Nondurable goods Commodity Credit Corporation inventory change Gross consumption expenditures Less: Sales Other Gross consumption expenditures Less: Sales Services Gross consumption expenditures Less: Sales State and local Durable goods' Gross consumption expenditures Less: Sales Nondurable goods Gross consumption expenditures Less: Sales Services Gross consumption expenditures Less: Sales Tuition and related educational charges Health and hospital charges Other sales . : 1 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 35 36 37 38 39 1,171.8 1,223,3 1,262.1 1,325.7 445.3 456.9 453.7 470.8 302.4 304.2 299.7 311.2 21.0 21.1 21.3 22.4 21.0 21.2 21.3 22.5 .1 .1 .1 0 7.7 7.5 7.0 8.1 7.7 7.5 7.0 8.1 0 0 0 0 273.7 275.6 271.5 280.7 275.6 277.0 272.6 281.6 1.8 1.4 1.2 .9 142.9 152.7 154.0 159.6 1.1 1.2 -.2 1.3 1.8 1.8 1.7 1.7 .7 .7 2.0 .5 6.1 7.9 8.9 9.4 -.4 -.1 .6 1.1 .2 .2 .8 2.3 .5 .3 .2 1.1 6.5 8.0 8.3 8.2 7.6 8.5 8.5 8.4 1.1 .6 .2 .2 135.7 143.6 145.3 148.9 138.4 145.5 147.2 150.9 2.7 1.9 2.0 2.0 726.5 766.4 808.4 855.0 13.1 13.8 15.0 15.9 14.2 15.0 16.2 17.2 1.1 1.2 1.2 1.3 79.9 81.7 83.6 91.3 91.3 93.8 96.2 104.6 11.4 12.1 12.7 13.3 633.6 670.9 709.8 747.7 796.2 841.5 890.5 940.4 162.6 170.6 180.7 192.6 33.2 35.5 38.0 40.7 89.1 91.6 95.9 101.2 40.3 43.5 46.8 50.7 1. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries by the Federal Government. 61 62 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.10.—National Defense Consumption Expenditures and Gross Investment [Billions of dollars] Seasonally adjusted at annual rates Line National defense consumption expenditures and gross investment'. Consumption expenditures Durable goods 2 Aircraft Missiles Ships Vehicles Electronics Other durable goods Nondurable goods Petroleum products Ammunition Other nondurable goods Services Compensation of general government employees, except own-account investment3. 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 and software Aircraft Missiles Ships Vehicles Electronics and software Other equipment Addendum: Compensation of general government employees3 1996 1996 1997 1998 1997 357.0 352.6 349.2 365.0 355.0 346.4 355.0 354.7 354.4 302.4 304.2 299.7 311.2 305.6 301.1 308.0 304.1 303.6 21.0 9.0 2.6 .9 21.3 10.2 2.3 .9 1.0 2.3 4.6 22.4 10.9 2.2 1.0 .8 2.6 4.9 19.8 .9 2.5 5.0 21.1 9.7 2.3 1.0 1.1 2.5 4.6 8.9 2.3 .8 .9 2.2 4.8 20.5 9.5 2.2 1.0 1.1 2.4 4.2 22.3 10.6 2.4 1.0 1.2 2.5 4.5 20.6 8.8 2.3 1.0 1.1 2.6 4.8 21.1 9.8 2.4 .9 1.1 2.3 4.7 7.7 7.5 7.0 8.1 7.4 7.9 7.1 7.7 3.4 1.4 2.9 2.9 1.6 3.0 2.1 1.8 3.1 2.6 1.9 3.7 3.0 1.4 2.9 3.1 1.9 3.0 3.0 1.4 2.7 3.0 1.6 3.2 273.7 275.6 271.5 280.7 278.4 272.7 278.5 133.1 132.5 131.1 133.2 132.1 133.9 132.8 84.2 48.8 63.0 84.0 48.5 62.8 83.6 47.5 62.3 85.0 48.2 63.1 84.2 47.9 62.9 84.9 49.0 84.0 48.7 77.7 22.3 24.5 7.3 17.3 78.1 20.7 23.0 8.6 19.2 4.6 3.6 84.4 19.0 25.8 8.7 24.1 4.8 3.8 83.4 25.0 24.5 8.8 18.7 4.9 4.0 75.8 20.7 23.0 7.6 18.0 4.6 3.8 82.9 25.8 24.1 8.3 18.7 4.9 3.9 80.2 23.2 23.7 8.4 18.6 4.6 3.7 -2.5 -2.0 -1.7 -1.8 -2.6 -1.8 -2.3 54.6 48.4 49.5 53.8 49.4 45.3 47.0 6.7 47.9 9.2 4.1 6.8 1.2 11.6 15.2 5.7 42.7 5.9 2.9 6.1 1.4 12.4 14.0 5.4 44.0 5.6 3.3 6.4 1.5 13.4 13.8 5.3 48.5 7.0 2.8 6.8 1.6 15.6 14.7 6.4 43.0 5.4 3.6 6.3 1.2 11.6 14.9 5.9 39.4 4.4 2.7 5.6 1.3 12.4 13.1 5.6 41.4 3.6 2.7 6.7 1.4 12.6 14.3 133.6 133.1 131.7 133.7 132.7 134.6 133.4 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 own-account investment and related expenditures 4.6 3.7 2000 349.3 355.0 353.8 356.5 355.3 367.5 291.9 301.2 301.7 304.1 305.7 302.2 312.2 324.7 311.2 326.2 20.2 9.4 2.1 .9 1.0 2.4 4.4 20.7 9.9 2.0 .8 1.0 2.3 4.8 22.3 10.1 3.0 .9 1.0 2.4 5.0 21.8 11.3 2.1 .9 .9 2.2 4.4 20.7 9.9 2.2 •9 .8 2.3 4.7 22.6 11.2 2.1 1.0 .9 2.7 4.8 24.0 11.9 2.3 1.0 .8 2.9 5.0 22.3 10.5 2.2 .9 .9 2.7 5.2 22.4 10.7 1.9 1.5 .7 2.9 4.8 22.5 10.0 2.1 1.5 .8 3.1 4.9 7.4 6.8 6.6 7.6 6.9 6.3 7.6 10.0 8.6 10.8 10.7 2.7 1.6 3.1 2.2 1.5 3.1 2.2 1.4 3.1 2.2 2.4 3.0 1.8 1.9 3.2 1.5 1.6 3.1 2.4 1.8 3.4 3.8 2.3 3.9 2.6 1.8 4.3 3.8 1.6 5.4 3.7 1.5 5.5 275.8 275.2 264.9 273.8 271.9 275.4 278.8 271.9 278.2 293.8 277.9 293.0 132.3 131.2 132.2 130.8 131.3 130.3 133.5 132.9 133.4 132.8 137.0 136.8 83.9 48.4 62.7 83.3 47.9 62.8 84.2 47.9 62.4 83.5 47.3 62.2 83.6 47.6 62.3 83.2 47.1 62.3 85.1 48.4 62.7 84.6 48.2 62.9 85.1 48.3 63.2 85.1 47.7 63.8 87.9 49.1 64.5 87.7 49.0 64.9 81.2 23.6 23.3 8.9 19.0 4.7 3.5 70.3 17.2 21.9 7.7 17.6 4.7 3.5 21.2 23.5 8.6 19.9 4.7 3.5 78.3 21.5 23.7 8.6 19.0 4.6 3.6 82.8 22.7 76.2 15.0 -2.7 -1.0 76.4 14.5 25.6 8.0 23.5 4.5 3.4 -3.0 91.4 21.0 28.4 9.8 26.8 4.5 3.3 -2.3 81.6 18.1 25.1 8.6 24.0 4.6 3.8 -2.7 97.2 23.2 -1.9 82.5 19.7 23.9 8.7 22.5 4.7 3.9 -.8 50.8 46.8 53.3 49.7 5.6 5.9 5.1 44.9 7.1 3.0 6.4 1.5 12.5 14.4 5.7 45.1 8.4 3.0 5.8 1.4 12.2 14.4 41.2 4.2 2.9 6.3 1.3 13.1 13.3 43.1 5.0 2.8 6.0 1.7 13.6 13.9 47.4 6.2 4.4 6.5 1.5 13.7 15.1 44.5 7.2 3.0 6.9 132.8 131.7 132.7 131.4 131.8 22.9 24.2 8.6 18.9 4.6 3.6 -2.0 50.6 5.7 48.1 5.0 22.9 9.4 20.5 4.6 3.8 50.8 5.4 24.1 8.4 21.1 5.2 3.9 -1.5 53.1 1.4 13.2 12.9 45.4 5.9 2.7 6.8 1.4 13.5 15.0 5.4 47.8 6.7 2.7 6.6 1.7 16.0 14.0 130.7 133.9 133.6 55.4 5.3 382.2 30.1 9.1 28.9 4.5 3.5 -2.0 56.1 55.4 4.7 -2.4 56.1 50.1 9.1 2.8 6.5 1.4 16.5 13.8 5.2 50.8 6.5 2.9 7.1 2.0 16.3 16.0 50.6 9.1 2.0 6.0 1.9 17.6 14.1 51.5 134.1 133.4 137.8 137.6 4.5 6.7 2.4 6.8 2.0 19.0 14.8 for goods and services are classified as investment in structures and in software. 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. August 2000 • SURVEY OF CURRENT BUSINESS 63 Table 3.11.—Real National Defense Consumption Expenditures and Gross Investment [Billions of chained (1996) dollars] Line National defense consumption expenditures and gross investment1. Consumption expenditures Durable goods 2 Aircraft Missiles Ships Vehicles Electronics Other durable goods ..... Nondurable goods Petroleum products Ammunition Other nondurable goods Services Compensation of general government employees, except own-account investment3. Civilan ZIIZZZZZZZIZ'Z. 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 and software Aircraft Missiles Ships Vehicles Electronics and software Other equipment Residual Addendum: Compensation of general government employees3 1996 1997 357.0 347.7 302.4 21.0 9.0 2.6 .9 .9 2.5 5.0 1997 1996 341.7 348.5 353.3 341.6 350.3 350.4 348.5 332.0 342.4 347.2 345.1 342.4 340.3 350.4 360.9 341.5 355.3 298.5 290.7 293.8 303.2 295.7 302.6 298.9 296.8 283.9 292.9 292.5 293.7 290.6 286.4 294.1 304.0 285.7 298.7 21.2 9.8 2.3 1.0 1.0 2.5 4.6 21.5 19.8 22.4 10.7 2.4 1.0 1.1 2.6 4.5 20.4 9.5 2.1 .9 .9 2.6 4.3 22.6 11.4 2.1 1.1 .7 3.0 4.8 24.4 12.1 2.3 1.1 .7 3.2 5.0 .9 .7 3.0 5.2 22.6 10.8 1.9 1.5 .5 3.2 4.8 22.6 4.8 21.0 10.0 2.2 .9 .7 2.5 4.7 22.5 10.6 2.1 ;9 .9 2.6 5.0 22.1 11.6 2.1 .9 .8 2.4 4.4 22.9 8.9 2.3 1.0 1.0 2.7 4.8 21.3 10.0 2.4 .9 1.0 2.4 4.7 21.0 10.0 2.0 .8 4.8 20.5 9.5 2.2 1.0 1.0 2.5 4.2 20.6 10.4 2.3 .9 .9 2.5 4.6 22.7 11.0 2.2 1.0 .7 2.9 4.9 7.7 7.7 8.0 8.9 7.0 7.7 7.4 8.1 7.6 7.5 7.6 8.8 8.1 7.6 8.7 10.6 8.7 10.2 10.1 3.4 1.4 2.9 3.1 1.6 3.0 3.0 1.9 3.1 3.3 1.9 3.6 2.7 1.4 2.9 2.9 1.9 3.0 3.2 1.4 2.7 3.4 1.6 3.2 2.9 1.6 3.1 2.9 1.5 3.1 3.1 1.4 3.1 3.4 2.5 3.0 2.7 2.0 3.2 2.7 1.7 3.1 3.4 1.9 3.4 4.5 2.3 3.8 2.6 1.8 4.2 3.1 1.6 5.3 3.1 1.5 5.3 273.7 269.6 261.3 262.5 276.4 267.6 272.9 270.1 267.8 256.0 264.3 261.3 262.0 255.1 259.7 273.0 253.4 266.4 133.1 128.3 124.3 121.0 131.0 129.8 128.5 128.2 126.5 125.6 124.3 124.3 122.7 121.6 120.9 121.2 120.2 119.7 119.3 84.2 48.8 63.0 82.0 46.3 62.7 80.1 44.2 62.4 78.5 42.5 62.7 83.3 47.6 62.9 82.6 47.2 62.8 81.8 46.6 62.7 82.0 46.2 62.7 81.4 45.2 62.6 44.8 62.5 80.1 44.3 62.4 80.2 44.1 62.4 79.4 43.4 62.4 78.6 43.0 62.5 78.2 42.7 62.6 78.8 42.4 62.8 78.5 41.8 62.9 78.5 41.3 63.2 78.2 41.2 63.4 77.7 22.3 24.5 7.3 17.3 4.9 3.9 78.7 22.7 23.5 8.1 18.0 4.7 3.6 -1.9 74.7 19.8 22.3 8.1 17.8 4.6 3.5 -1.5 78.9 17.9 24.6 82.5 17.5 4.6 3.4 -1.0 76.0 17.1 23.7 7.9 21.3 4.6 3.6 -2.4 90.1 21.7 28.5 8.2 25.2 4.5 3.5 -1.8 13.5 24.3 7.2 20.5 4.5 3.2 -2.5 77.9 18.7 23.0 8.1 20.2 4.8 3.7 -.7 71.7 14.3 23.1 7.8 18.9 5.2 3.8 -1.7 77.7 20.4 23.0 8.2 18.5 4.7 3.4 -.6 78.5 21.7 21.9 8.8 18.7 4.6 3.7 -2.5 78.7 22.8 22.9 8.6 18.1 4.6 3.4 -1.8 74.6 20.6 22.8 8.2 -1.6 81.7 25.2 24.0 8.1 18.2 4.7 3.7 -2.2 79.3 22.3 24.0 4.9 4.0 75.0 20.4 23.0 7.4 17.4 4.7 3.8 70.6 24.9 24.3 83.9 19.4 26.7 8.8 23.4 4.4 3.1 -2.1 49.1 51.0 55.0 50.0 45.8 55.0 51.5 56.6 57.2 5.5 5.1 4.7 43.6 6.2 3.0 6.0 1.4 13.0 14.0 45.9 6.2 3.5 6.4 1.5 14.5 13.8 4.9 49.5 6.8 2.9 6.7 1.7 17.6 14.0 4.8 52.0 9.3 2.9 6.5 1.5 18.1 13.8 52.7 -1.3 -1.3 121.5 121.7 -2.5 54.6 6.7 47.9 9.2 4.1 6.8 1.2 11.6 15.2 -.1 133.6 8.0 21.4 4.8 3.7 4.8 50.3 7.2 3.0 6.8 1.6 17.2 14.7 -.2 128.8 124.7 121.5 8.9 2.3 .8 .9 2.2 8.7 18.2 5.7 47.5 5.4 8.4 18.3 4.6 3.6 -1.9 51.5 51.7 5.4 6.3 43.7 5.7 3.8 6.3 1.2 11.8 14.8 40.1 4.5 2.9 5.5 1.2 12.8 13.0 42.1 3.8 2.9 6.5 1.4 13.1 14.3 5.5 46.0 7.7 3.1 6.3 1.5 13.1 14.3 46.3 8.9 3.2 5.7 1.4 12.9 14.4 .2 .2 .5 -.2 -.2 131.5 130.4 129.1 128.7 127.0 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the line in the addendum. 2000 1999 67.9 16.5 21.7 7.3 16.6 4.5 3.4 -2.1 .9 2.5 48.0 5.4 42.7 4.6 3.1 6.3 1.3 14.1 13.3 4.8 44.7 5.4 3.0 6.0 1.8 14.7 13.8 10.3 3.1 5.5 4.8 49.5 46.8 6.8 4.7 6.5 1.6 14.9 15.0 8.1 3.1 6.9 1.4 14.5 12.9 51.9 5.0 47.0 6.0 2.9 6.8 1.4 14.8 14.9 -.3 126.1 124.9 124.8 123.1 122.0 Chain-type indexes for the series in this table are shown in table 7.12. See footnotes to table 3.10. -1.4 54.3 6.5 3.1 7.0 1.9 18.1 16.1 120.7 -2.7 56.3 10.1 2.2 1.5 .6 3.5 4.9 57.0 4.0 4.2 52.4 9.4 2.1 5.9 1.9 19.2 14.0 53.3 7.0 2.5 6.6 2.1 20.6 14.7 -1.4 -1.4 120.4 120.0 64 August 2000 SURVEY OF CURRENT BUSINESS Table 3.12.—Government Transfer Payments to Persons Table 3.13.—Subsidies Less Current Surplus of Government Enterprises [Billions of dollars] [Billions of dollars] 1997 Line Government transfer payments to persons Federal Benefits from social insurance funds Old-age, survivors, and disability insurance Hospital and supplementary medical insurance .. Unemployment insurance State Railroad employees Federal employees Special unemployment benefits Railroad retirement Pension benefit guaranty Veterans life insurance Workers' compensation Military medical insurancel Line 902.4 934.4 954.3 986.5 678.1 706.8 720.2 734.5 573.7 342.0 195.6 22.4 21.7 .1 .6 600.0 356.6 209.2 612.0 369.3 622.9 379.9 208.1 20.1 19.5 .1 .5 208.8 19.8 19.2 .1 .5 8.1 .6 2.0 1.9 1.2 8.2 .9 1.9 1.9 1.2 8.2 .9 1.9 2.0 1.1 8.2 1.2 1.8 2.0 1.1 Veterans benefits Pension and disability Readjustment Other 2 19.4 18.3 1.1 20.3 19.1 1.2 21.3 22.2 20.9 1.4 Food stamp benefits Black lung benefits Supplemental security income Direct relief Earned income credit Other 3 22.0 1.2 25.3 18.7 1.1 25.5 16.5 1.1 26.4 26.8 19.2 17.4 21.7 19.5 23.2 19.8 25.7 20.3 224.3 227.5 234.1 252.0 10.9 2.0 10.7 2.0 8.7 205.0 168.3 163.1 5.2 17.7 3.7 3.3 1.4 10.6 9.1 1.0 1.6 10.3 2.1 8.3 210.9 174.1 169.2 4.9 17.0 3.9 3.3 1.3 11.4 9.9 1.1 1.8 10.5 2.1 8.3 227.7 189.0 183.9 5.0 17.8 4.3 3.3 1.4 11.9 10.7 1.1 2.0 State and local Benefits from social insurance funds Temporary disability insurance Workers' compensation Public assistance Medical care Medicaid Other medical care Family assistance4 Supplemental security income General assistance Energy assistance 8.9 201.9 163.6 158.2 5.4 20.3 3.6 3.3 1.3 9.7 Other* 9.1 Education Employment and training .9 41 1.6 20.1 1.2 20.6 20.0 .1 .5 15.5 1.0 1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities. 2. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits. 3. Consists largely of payments to nonprofit institutions, aid to students, and payments for medical services for retired military personnel and their dependents at nonmilitary facilities. 4. 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. 5. Consists of expenditures for food under the supplemental program for women, infants, and children; foster care; adoption assistance; and payments to nonprofit welfare institutions. 6. Consists largely of veterans benefits, Alaska dividends, and crime-victim payments. Subsidies less current surplus of government enterprises. Federal Subsidies Agricultural Housing Maritime : Air carriers Other 1 Less: Current surplus of government enterprises Postal Service Federal Housing Administration Tennessee Valley Authority Other 2 ' ' .... 1996 1997 19.1 21.5 28.4 35.1 31.5 32.4 39.3 33.4 7.3 24.5 2 0 1.4 -1.7 32.6 7.5 23.6 .1 0 1.3 ' 1.1 -4.0 2.2 2.3 34.5 12.2 21.3 43.5 20.6 21.9 0 0 1.0 4.2 -1.3 3.3 3.2 -12.5 -12.4 -10.9 -11.0 .3 12.8 5.0 .4 12.8 5.4 7.1 6.9 1.9 .7 2.2 .4 11.3 5.8 7.0 2.0 .7. 2.3 -4.7 -14.6 12.7 .5 11.4 6.0 7.0 2.0 .7 2.4 -4.7 -15.3 13.2 -3.9 2.0 2.0 -1.8 State and local Subsidies Less: Current surplus of government enterprises Water and sewerage Gas and electricity Toll facilities : . Liquor stores Air and water terminals Housing and urban renewal Public transit Other 3 1999 1998 22.6 1.8 .6 2.0 -2.3 -13.4 12.0 -3.1 -13.9 12.6 .1 0 .9 2.2 ^3.7 2.7 2.8 .3 1. Consists largely of subsidies to railroads and mass transit systems. 2. Consists largely of the Bonneville Power Administration, other electric power agencies, and insurance agencies other than those insuring deposits in financial institutions. 3. Consists of lotteries, off-track betting, local parking, and miscellaneous activities. Table 3.14.—Social Insurance funds Current Receipts and Expenditures [Billions of dollars] Line 1996 1997 1998 1999 Federal Current receipts Contributions for social insurance Personal contributions Employer contributions . Government Other Interest received . . . . . . . . Current expenditures Administrative expenses (consumption expenditures) Transfer payments to persons Current surplus or deficit (—) 1 600.0 639.6 678.6 2 543.3 577.0 612.1 652.5 3 4 5 6 278.2 265.2 12.4 2528 296.3 280.7 12.5 2682 314.4 297.7 12.7 285 0 336.6 315.9 13.2 302 8 723.4 7 566 62 7 665 70 9 8 583.3 609.2 621.7 6327 9 10 9.6 573.7 9.1 600.0 9.7 612.0 6229 11 16.7 30.5 56.9 90.7 12 16.1 14.4 13.7 13.3 13 125 108 100 96 14 15 16 2.2 10.2 2.5 1.6 9.2 2.4 1.8 8.2 2.5 1.9 7.7 2.5 78 68 58 51 18 3.6 3.6 3.7 3.7 19 13.3 13.3 13.3 13.7 20 21 2.4 10.9 2.6 10.7 3.0 10.3 3.3 10.5 22 2.7 1.1 .4 -.4 9.8 State and local Current receipts ... Contributions for social insurance Personal contributions Employer contributions Government Other Interest received . Current expenditures . . . . 17 . . . Administrative expenses (consumption expenditures) Transfer payments to persons Current surplus or deficit (-) NOTE.—In this table, interest received is included in current receipts; in tables 3.1, 3.2, 3.3, 3.16, 3.18, 3.19, 9.3, and 9.4, interest received is netted against current expenditures. August 2000 • SURVEY OF CURRENT BUSINESS 65 4. Foreign Transactions, Table 4.1 .—Foreign Transactions in the National Income and Product Accounts [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1997 IV 1,119.7 Receipts from the rest of the world Exports of goods and services Goods' Durable Nondurable Services' Income receipts , I 1,247.7 1,251.4 1,296.1 1,172.9 1,195.9 1,249.3 1,278.2 874.2 618.4 421.7 196.7 255.8 966.4 688.9 483.5 205.4 277.5 966.0 682.0 487.6 194.4 284.0 990.2 699.2 504.5 194.7 291.0 913.1 639.0 437.6 201.5 274.0 927.8 658.2 457.3 200.9 269.6 966.8 688.5 483.4 205.2 278.2 m.7 245.6 281.3 285.4 305.9 259.8 268.1 282.6 963.1 808.3 533.3 275.1 154.8 Imports of goods and services Goods 1 . . Durable Nondurable Services1 ..., Transfer payments (net) From persons (net) From government (net) From business Net foreign investment 1,055.8 1,117.5 885.1 930.5 587.3 636.1 297.8 294.3 170.7 187.0 1,244.2 2000 I 1,267.4 1,264.4 1,255.4 706.7 499.7 207.1 282.0 982.4 702.3 493.7 208.6 280.1 975.0 692.9 493.2 199.7 282.1 289.5 285.0 289.3 1,119.7 1,247.7 1,251.4 1,296.1 1,172.9 1,195.9 1,249.3 1,278.2 1,267.4 1,264.4 Payments to the rest of the world . Income payments 1998 1997 1,048.6 715.4 333.2 195.6 992.8 834.3 540.4 293.9 158.5 1,017.1 852.3 560.2 292.1 164.8 1,041.7 1,077.3 1,087.0 1,092.6 874.5 903.1 910.3 911.9 600.7 581.2 607.1 619.7 302.5 293.3 303.2 292.3 174.1 167.2 176.6 180.6 1,225.0 1,260.9 1,239.2 1,268.9 1,314.0 1,362.2 1,402.8 962.8 675.8 480.4 195.4 287.0 947.8 668.3 478.9 189.4 279.5 978.3 690.9 497.8 193.1 287.4 957.3 671.3 486.0 185.3 286.0 973.0 682.1 492.0 190.0 290.9 999.5 708.9 511.6 197.3 290.7 292.6 277.2 282.6 281.9 295.9 314.4 1,031.0 1,051.9 734.6 747.5 528.4 538.1 206.1 209.4 296.4 304.4 331.2 1,075.5 769.0 557.5 211.6 306.4 350.9 1,255.4 1,225.0 1,260.9 1,239.2 1,268.9 1,314.0 1,362.2 1,402.8 1,114.7 929.2 632.0 297.2 185.4 1,115.4 926.0 631.1 294.9 189.4 1,147.3 954.8 661.8 293.0 192.5 1,153.4 1,213.4 1,280.0 1,330.1 1,387.1 1,442.0 965.0 1,020.4 1,081.7 1,127.3 1,176.1 1,225.1 670.7 815.4 783.8 699.9 732.5 758.7 294.2 320.5 349.3 368.6 392.3 409.6 188.4 216.9 211.0 193.0 198.3 202.8 227.5 274.2 316.9 243.5 260.4 270.6 282.8 283.2 283.8 289.6 291.4 290.9 289.2 305.6 328.0 344.6 358.6 18.2 13.6 8.0 40.8 21.2 10.6 8.9 44.1 24.0 10.8 9.3 48.1 26.6 11.6 9.9 47.6 19.3 19.9 8.4 36.0 20.3 7.2 8.4 37.2 20.4 7.8 9.0 38.3 21.2 8.0 9.1 51.7 22.9 19.6 9.2 39.3 22.6 8.1 40.4 24.1 7.0 9.3 42.8 24.3 9.1 9.4 53.9 25.1 19.1 9.7 43.4 25.6 8.3 9.5 46.3 26.7 10.0 9.7 45.7 26.6 9.1 10.0 57.0 27.6 18.9 10.5 47.8 28.5 8.3 11.0 -110.7 -123.1 -199.1 -313.2 -111.0 -117.5 -100.2 -120.2 -154.4 -151.3 -189.3 -224.7 -231.3 -246.8 -296.5 ^339.8 -369.6 -390.7 IV I 46.9 28.9 7.3 10.6 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. Table 4.2,—Real Exports and Imports of Goods and Services and Receipts and Payments of Income [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1997 1996 IV Exports of goods and services Goods 1 Durable Nondurable Services 1 874.2 Income receipts 245.6 Imports of goods and services Durable Nondurable Services' 963.1 808.3 533.3 275.1 154.8 Income payments 227.5 Goods 1 618.4 421.7 196.7 255.8 981.5 708.1 498.3 209.8 273.6 1,003.6 723.6 514.0 209.6 280.3 276.8 940.3 672.8 468.4 204.4 267.6 1,033.0 752.2 538.7 213.4 281.7 923.5 651.7 446.6 205.2 271.6 278.7 294.1 258.1 264.8 1,094.8 1,224.6 923.1 1,032.0 700.4 619.8 303.5 331.8 171.7 192.6 1,355.3 1,034.3 1,161.1 802.6 358.8 195.9 998.1 840.7 556.0 284.7 157.3 301.5 241.5 256.1 268.0 279.3 869.6 584.1 285.8 164.7 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. 979.2 705.8 496.9 208.9 273.7 278.5 1999 1998 III IV 1,004.2 1,002.1 727.1 726.8 512.7 515.3 214.5 211.5 275.4 277.7 284.5 279.2 IV I 1,004.5 726.0 515.4 210.6 278.9 713.5 504.6 209.0 283.2 713.2 507.1 206.1 275.9 283.5 286.1 270.3 2000 I 1,024.1 1,003.3 1,017.6 735.7 741.6 723.1 525.3 528.8 517.5 210.4 212.7 205.4 282.3 283.0 280.3 1,042.6 285.4 301.9 275.0 273.2 763.4 547.8 215.5 280.5 II 1,068.4 1,084.8 1,104.2 798.1 818.0 786.5 575.3 564.2 595.4 222.7 222.1 222.5 288.5 283.7 316.2 332.0 1,079.8 1,123.8 1,141.2 1,179.8 1,216.6 1,232.9 1,269.0 1,283.1 1,332.2 1,385.2 1,420.9 1,461.7 1,520.3 913.0 948.0 961.9 992.0 1,025.8 1,037.4 1,072.9 1,091.4 1,139.9 1,190.5 1,222.5 1,255.3 1,305.5 611.1 700.1 736.6 746.9 785.0 824.3 854.4 880.5 916.9 635.0 649.1 671.9 692.9 302.0 337.6 336.3 344.6 355.0 366.5 369.1 376.2 390.3 313.0 313.0 320.3 333.2 166.9 195.4 196.4 192.5 193.7 196.7 200.6 208.4 216.8 175.9 179.4 187.8 190.8 264.8 275.9 275.1 275.5 280.2 281.3 280.2 277.2 291.8 312.0 325.0 335.8 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Chain-type quantity indexes for the series in this table are shown in table 7.9. 66 • August 2000 SURVEY OF CURRENT BUSINESS Table 4.3.—Exports and Imports of Goods and Services by Type of Product [Billions of dollars] Seasonally adjusted at annual rates 1997 Line 1998 1997 1999 1998 2000 IV Exports of goods and services Exports of goods' 966.0 990.2 55.5 141.1 51.0 90.1 253.3 30.8 43.7 178.7 65.0 70.1 35.7 34.3 33.5 51.5 152.5 55.1 97.5 295.7 41.4 49.4 205.0 74.0 77.4 39.8 37.6 37.7 46.4 142.8 53.7 89.1 300.1 53.5 45.2 201.3 73.2 79.3 40.5 38.7 40.2 45.5 141.8 53.8 87.9 311.8 52.9 46.7 212.1 75.8 80.8 41.4 39.4 43.6 255.8 277.5 284.0 14.6 16.0 16.7 913.1 927.8 639.0 658.2 54.1 51.5 146.3 51.9 94.4 264.5 37.3 43.4 183.9 66.0 72.9 37.5 35.4 35.2 147.0 53.1 93.9 277.3 39.0 47.2 291.0 15.4 618.4 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 .....'..... Exports of services1 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 1 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 Imports of services 966.4 874.2 1 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural goods 2 Exports of nonagricultural goods Imports of nonpetroleum goods 20.4 26.1 32.5 72.4 20.0 963.1 808.3 35.7 125.2 63.1 62.1 72.7 228.1 12.7 61.5 153.9 128.9 172.1 90.4 81.7 45.6 154.8 73.4 74.9 71.3 20.9 19.8 20.1 27.0 27.0 25.6 33.6 36.5 36.2 84.5 96.5 90.9 22.1 21.0 23.2 1,055.8 1,117.5 1,244.2 885.1 930.5 1,048.6 39.7 43.6 41.2 135.4 148.6 142.6 11.0 48.0 15.8 27.4 7.8 38.0 6.7 11.7 52.1 18.1 29.0 9.6 43.3 7.0 75.8 66.8 50.9 269.6 21.8 72.5 175.3 149.1 216.7 111.5 105.2 60.5 187.0 12.2 56.5 20.0 30.4 11.7 49.1 7.1 61.5 556.9 735.6 58.4 630.5 813.3 53.1 628.9 879.6 66.2 71.8 253.3 16.6 70.2 166.5 139.8 193.9 99.4 94.5 51.2 170.7 II 702.3 975.0 692.9 675.8 49.5 149.4 56.5 92.9 300.3 47.2 46.0 207.1 77.1 78.4 40.2 38.2 38.2 46.0 144.1 53.7 90.4 293.8 47.8 45.2 200.8 72.4 79.6 40.5 39.1 39.9 988.7 982.4 706.7 50.7 156.2 56.1 100.1 962.8 947.8 668.3 43.4 978.3 139.4 52.0 87.4 298.2 56.5 44.5 138.2 52.4 85.8 308.2 62.7 45.3 197.2 68.2 80.4 41.2 39.2 38.7 200.3 75.0 78.7 40.1 38.5 44.1 46.7 307.6 191.2 70.4 75.4 38.2 37.2 36.6 295.3 41.9 50.1 203.3 73.3 77.9 40.5 37.5 37.6 43.1 51.7 212.9 76.6 78.0 40.5 37.4 37.6 52.6 153.6 55.5 98.1 302.7 41.5 48.5 212.7 75.9 78.2 40.0 38.2 39.2 274.0 269.6 278.2 282.0 280.1 282.1 287.0 279.5 287.4 17.2 14.5 18.1 16.6 14.7 17.9 17.1 15.2 16.6 153.4 55.6 97.8 1,031.0 1,051.9 1,075.5 957.3 973.0 671.3 682.1 708.9 734.6 747.5 42.9 133.4 51.6 81.8 301.1 55.5 44.7 45.1 137.5 52.5 85.0 302.9 50.1 46.6 206.2 75.1 79.5 40.5 39.0 42.0 47.8 46.3 47.1 47.0 143.0 53.9 89.2 317.8 53.0 47.8 216.9 77.4 80.7 41.4 39.2 42.2 153.1 57.3 95.8 325.3 53.0 47.7 224.5 77.5 83.6 44.0 39.6 48.8 157.6 60.7 96.9 326.3 43.6 51.2 231.5 80.3 87.3 46.3 41.0 49.0 162.1 62.4 99.7 347.7 51.6 54.2 290.9 290.7 296.4 304.4 306.4 17.3 14.7 13.3 13.0 13.6 200.9 73.0 79.3 39.5 39.8 41.5 286.0 16.1 769.0 241.8 79.1 86.4 44.9 41.4 46.7 73.4 80.4 76.4 74.4 72.7 79.0 73.1 72.8 71.6 74.8 77.9 71.7 72.6 74.3 20.3 20.7 20.7 19.5 19.3 20.0 22.0 20.9 19.8 20.7 20.0 21.1 20.4 19.8 19.6 27.0 25.3 26.4 26.1 26.8 25.5 29.4 27.5 26.8 25.2 28.8 27.4 26.9 28.4 26.8 33.4 38.5 36.5 35.1 35.3 33.1 37.1 33.9 34.5 35.8 37.0 33.6 36.4 36.4 36.6 83.9 91.7 93.4 91.2 88.8 79.7 104.4 76.7 86.6 91.9 105.7 87.7 97.1 100.5 95.1 21.9 22.9 22.2 23.2 23.1 21.4 21.4 20.4 22.2 23.6 20.9 22.7 20.3 20.1 21.3 992.8 1,017.1 1,041.7 1,077.3 1,087.0 1,092.6 1,114.7 1,115.4 1,147.3 1,153.4 1,213.4 1,280.0 1,330.1 1,387.1 1,442.0 911.9 926.0 874.5 965.0 1,020.4 1,081.7 1,127.3 1,176.1 1,225.1 852.3 954.8 834.3 903.1 929.2 910.3 41.2 37.6 45.7 37.0 41.2 41.3 44.6 40.5 44.0 44.6 43.6 39.5 41.4 42.1 41.1 143.4 131.4 167.5 129.5 137.4 145.0 165.2 139.1 151.7 159.4 143.9 133.6 141.2 139.2 140.8 78.9 69.7 67.8 297.1 23.8 81.5 191.9 179.4 239.6 123.8 115.8 72.5 195.6 13.7 59.4 21.4 34.1 13.3 46.7 7.2 65.4 64.1 82.6 230.3 14.0 62.5 153.8 128.4 180.9 93.5 87.4 45.6 158.5 66.1 65.3 77.6 237.2 13.9 66.4 156.8 139.0 183.0 94.7 88.3 46.5 164.8 11.1 48.8 16.3 27.6 7.8 40.1 6.9 49.6 649.6 60.4 578.7 751.7 70.0 67.5 70.3 261.7 18.9 72.9 170.0 141.6 197.1 100.5 96.6 53.8 174.1 12.0 52.6 18.9 28.5 10.7 44.4 7.1 71.7 67.4 68.5 263.7 18.2 71.0 174.5 140.1 204.1 104.4 99.6 54.5 176.6 12.6 52.7 17.9 30.0 10.1 46.4 6.9 73.9 67.3 54.4 266.8 18.0 71.9 176.9 143.8 209.6 107.7 101.9 55.0 180.6 11.7 55.1 18.6 29.6 11.8 46.9 7.0 77.1 67.8 53.4 268.9 22.6 71.6 174.8 145.4 217.3 111.6 105.7 58.0 185.4 11.3 51.6 17.2 28.5 8.9 40.4 6.8 69.0 64.6 70.8 250.5 15.3 70.4 164.7 138.6 191.6 98.2 93.4 49.9 167.2 10.9 51.4 18.5 28.9 8.8 41.9 7.0 57.7 600.6 774.7 58.4 630.1 803.7 58.7 648.0 832.8 59.0 643.3 841.9 56.1 636.8 857.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 966.8 688.5 51.2 11.6 56.4 19.9 29.8 10.9 49.8 7.0 76.7 66.7 49.7 267.9 22.4 71.4 174.1 144.4 219.0 111.9 107.1 60.4 189.4 12.7 56.7 20.6 30.3 11.6 50.2 7.4 75.6 65.2 46.0 274.5 24.3 75.0 175.3 162.6 220.8 114.8 106.0 68.6 192.5 12.9 57.9 20.8 31.7 12.5 49.4 7.3 74.6 64.5 42.1 279.3 22.4 77.9 178.9 168.2 228.4 115.8 112.6 65.7 188.4 13.2 58.2 20.9 31.1 12.3 45.6 7.1 77.1 66.8 63.8 291.9 23.0 82.0 186.8 174.6 233.2 121.6 111.7 69.3 193.0 13.5 58.9 21.1 32.7 12.9 46.9 7.0 53.2 622.6 875.8 50.2 618.1 876.3 52.9 638.0 908.7 46.8 624.4 922.8 52.7 48.9 633.1 656.2 956.6 1,002.1 79.6 72.2 79.6 302.6 25.6 82.0 195.0 186.8 243.7 126.9 116.8 73.3 198.3 14.5 59.2 21.4 35.8 13.3 46.7 7.4 84.1 75.3 85.7 314.7 24.1 83.8 206.8 89.0 76.2 108.0 324.3 23.2 83.8 217.2 193.3 260.6 137.1 89.2 78.3 114.4 346.4 24.9 89.3 232.2 81.8 123.5 80.0 193.6 276.4 145.8 130.7 81.0 202.8 211.0 216.9 13.4 61.1 22.3 36.9 14.6 47.4 7.1 13.6 63.4 23.3 37.9 188.0 253.1 131.0 122.1 15.1 50.4 7.3 13.6 65.7 24.1 38.3 15.9 52.1 7.3 52.7 50.0 52.5 684.6 695.0 716.3 1,041.6 1,068.0 1,110.7 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods, August 2000 • SURVEY OF CURRENT BUSINESS 67 Table 4.4.—Real Exports and Imports of Goods and Services by Type of Product [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1997 1998 IV Exports of goods and services Exports of goods' Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts Computers, peripherals, and parts Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Exports of services 1 Residual ; 1 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 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees Other private services Other Residual Addenda: Exports of agricultural goods 2 Exports of nonagricultural goods Imports of nonpetroleum goods 1,003.6 1,033.0 923.5 618.4 708.1 723.6 752.2 651.7 55.5 141.1 51.0 90.1 253.3 30.8 43.7 178.7 65.0 70.1 35.7 34.3 33.5 55.6 55.1 151.5 56.5 95.0 324.5 51.1 59.9 212.7 72.5 78.7 40.2 38.4 41.6 56.6 152.8 58.1 94.6 57.7 147.0 52.6 94.4 342.6 49.4 68.3 225.9 74.6 80.4 41.3 39.1 45.6 272.9 36.8 46.7 280.3 281.7 271.6 17.5 15.3 17.4 71.8 68.9 70.5 20.4 21.1 21.6 19.2 26.1 26.4 26.9 27.7 35.3 32.5 33.1 35.0 91.2 72.4 83.9 96.6 20.1 20.0 20.0 17.8 .1 .1 -.5 -2.6 963.1 1,094.8 1,224.6 1,355.3 808.3 923.1 1,032.0 1,161.1 35.7 46.1 42.2 39.3 125.2 157.3 135.5 150.1 75.9 14.6 Imports of goods and services Imports of services 1 981.5 255.8 Transfers under U.S. military agency sales contracts. Travel .„ Passenger fares Other transportation Royalties and license fees Other private services Other , Imports of goods 874.2 4 63.1 62.1 72.7 228.1 12.7 61.5 153.9 128.9 172.1 90.4 81.7 45.6 154.8 153.2 55.6 97.6 311.1 40.0 57.4 213.8 73.4 76.8 39.4 37.4 38.1 273.6 16.4 11.0 48.0 15.8 27.4 7.8 38.0 68.0 67.6 76.1 286.0 16.0 81.2 188.9 139.5 196.3 101.7 94.6 51.5 171.7 12.7 52.2 17.1 29.6 9.4 43.7 6.7 .1 -1.2 78.1 71.9 81.4 328.3 20.7 101.2 206.7 148.6 222.3 117.1 105.3 60.9 192.6 13.7 59.1 18.6 31.6 11.4 50.9 7.2 -2.0 61.5 556.9 735.6 62.6 645.4 847.0 62.6 660.7 949.9 189.4 65.9 72.7 37.5 35.3 35.7 21.6 27.1 33.6 76.4 19.8 -.3 940.3 672.8 54.8 147.3 53.4 94.0 288.8 37.9 52.5 198.5 69.9 75.0 38.0 37.0 36.9 267.6 14.7 IV I IV I 1,024.1 1,003.3 1,084.8 1,104.2 763.4 786.5 798.1 818.0 59.8 59.4 150.7 57.0 93.7 332.2 46.9 67.5 219.3 74.1 79.2 40.5 38.7 44.1 153.1 58.3 94.8 350.6 49.5 71.0 58.4 160.4 61.5 98.9 358.4 49.0 71.2 231.5 76.2 80.4 41.4 39.0 44.3 239J 76.0 83.1 43.9 39.2 50.6 161.7 64.6 97.3 361.2 39.9 78.0 248.0 78.6 86.6 46.0 40.5 50.7 58.6 164.3 66.1 98.3 385.0 46.7 83.7 258.9 77.2 85.7 44.5 41.1 48.3 280.3 282.3 280.5 283.7 288.5 288.6 16.1 17.3 14.7 13.2 13.0 13.7 1,004.5 996.8 705.8 726.8 727.1 726.0 713.5 713.2 741.6 723.1 54.2 153.9 55.8 98.1 55.0 156.4 56.3 100.1 324.4 41.5 61.0 222.2 75.9 77.3 40.1 37.2 38.0 277.7 17.1 58.4 155.1 56.8 98.3 321.5 39.8 58.7 54.2 151.3 56.1 95.2 211.8 71.8 78.9 40.2 38.7 41.1 52.0 149.6 55.1 94.5 324.2 54.0 60.7 208.7 67.6 80.0 41.0 38.9 40.2 56.7 150.7 56.2 94.5 223.0 75.3 77.5 39.6 37.9 39.8 57.4 154.4 58.6 95.9 321.3 45.3 57.6 218.0 76.5 77.6 39.7 37.8 39.2 212.6 74.1 78.2 40.0 38.3 46.1 52.5 146.9 55.8 91.1 329.2 52.1 63.6 213.4 72.0 79.1 39.5 39.6 43.4 275.4 278.9 283.2 275.9 283.0 15.2 18.6 17.8 15.9 17.6 21.6 26.1 34.2 91.6 20.0 .1 68.8 19.8 27.5 37.4 92.4 19.8 0 69.7 19.0 27.8 35.3 93.9 19.0 -.5 211.5 72.6 77.5 40.0 37.4 37.9 273.7 18.4 336.2 59.5 62.8 1,232.9 1,269.0 1,283.1 840.7 869.6 913.0 948.0 961.9 992.0 1,025.8 1,037.4 1,072.9 1,091.4 37.0 37.4 38.7 129.9 130.2 134.7 40.8 137.6 40.4 139.6 41.7 145.4 41.9 151.1 42.6 152.3 42.6 151.7 150.4 65.3 64.9 71.8 260.9 13.5 72.4 175.2 139.0 184.4 95.8 88.6 46.6 164.7 12.0 51.3 16.6 28.6 8.7 40.7 6.8 67.5 67.2 77.7 280.4 14.8 79.6 186.2 138.8 193.7 100.2 93.4 50.3 166.9 11.7 50.8 17.4 29.5 8.6 42.0 6.9 -1.5 68.2 69.5 78.7 297.0 18.2 85.4 193.3 141.2 199.7 103.0 96.7 54.2 175.9 13.4 52.9 17.7 29.3 10.5 45.1 7.1 -1.4 70.8 68.8 76.1 305.8 17.4 87.5 200.9 139.2 207.3 107.7 99.7 54.8 179.4 13.9 53.9 16.7 31.0 9.9 47.1 6.9 -1.5 74.4 71.0 77.3 317.2 17.1 93.9 206.6 142.9 213.8 111.9 101.9 55.5 187.8 13.8 58.4 17.3 31.5 11.5 48.3 7.1 -2.3 78.5 72.5 84.2 325.9 21.4 98.8 205.5 144.8 222.8 117.0 105.8 58.1 190.8 13.3 58.6 18.7 31.1 10.7 51.5 7.0 -2.8 79.6 72.6 84.7 329.9 21.3 101.3 207.4 144.5 225.5 118.3 107.3 61.0 195.4 14.2 59.8 19.2 31.3 11.3 52.2 7.4 -3.1 80.1 71.5 79.6 340.0 22.8 110.8 207.3 162.1 227.0 121.1 106.0 69.0 196.4 13.7 59.7 19.3 32.6 12.2 51.6 7.3 -.3 78.4 71.8 80.0 347.5 20.9 118.1 211.2 167.0 234.9 122.3 112.5 66.1 192.5 14.5 59.6 19.3 32.2 11.9 47.9 7.0 -1.7 61.6 643.9 835.4 63.4 663.2 869.0 64.6 662.4 885.2 64.2 661.6 914.0 61.8 651.4 942.0 59.8 652.9 953.0 64.4 676.9 990.6 998.1 81.1 76.1 81.5 378.2 22.1 130.5 229.2 177.6 247.6 131.6 116.1 73.1 195.9 14.9 60.6 19.4 31.8 12.7 49.3 7.0 -5.4 65.6 64.3 73.2 245.6 13.8 65.8 166.0 128.3 181.4 93.9 87.5 45.7 63.1 688.5 1,076.7 64.0 587.8 767.7 157.3 11.1 48.1 16.0 27.5 7.7 40.2 6.8 -.4 612.0 798.2 II 1,068.4 1,002.1 316.4 45.7 58.6 I 1,042.6 1,004.2 309.7 40.7 57.6 IV 1,017.6 735.7 55.7 979.2 72.6 69.6 72.5 71.6 70.5 70.4 21.2 21.9 20.9 22.3 20.8 22.2 26.9 25.9 26.3 26.5 27.0 27.4 33.8 35.0 34.5 32.6 32.9 32.9 86.1 92.1 88.8 79.1 83.3 87.2 20.1 20.4 20.3 20.0 19.9 20.1 -.1 -.5 -.3 -.5 -1.0 1,034.3 1,079.8 1,123.8 1,141.2 1,179.8 1,216.6 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following 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 exports of services. The residual line following the detail for imports is the difference between the aggregate "imports of goods and services" and the sum of 2000 I 44.1 70.0 70.0 72.4 72.3 72.2 19.3 19.7 18.8 19.2 18.9 27.6 27.1 28.3 28.0 28.2 35.2 34.9 34.7 34.9 34.9 94.9 97.1 100.6 104.4 103.0 18.3 17.5 16.4 17.5 18.4 -2.5 -4.2 -4.2 -7.5 -8.5 1,332.2 1,385.2 1,420.9 1,461.7 1,520.3 1,139.9 1,190.5 1,222.5 1,255.3 1,305.5 45.9 47.1 47.4 47.3 48.8 154.7 159.2 164.7 166.7 164.9 80.7 78.5 84.1 389.2 23.8 134.9 234.1 184.7 252.3 135.2 117.3 73.9 196.7 15.8 60.6 19.2 31.7 12.7 49.5 7.2 -5.8 85.3 79.4 76.5 406.0 22.3 138.6 249.0 185.7 261.8 139.6 122.3 82.2 200.6 14.4 62.0 20.2 32.1 13.9 51.0 6.9 -7.9 58.2 67.7 62.5 664.0 672.8 695.7 1,008.1 1,051.7 .1,103.1 721.4 1,143.8 80.1 74.6 85.4 370.1 21.5 130.3 222.5 173.0 241.2 129.3 112.1 70.0 193.7 15.0 60.4 19.1 31.1 12.4 48.8 6.9 -6.2 64.1 79.6 81.7 419.9 21.4 139.5 262.5 190.6 270.5 146.8 124.0 80.2 208.4 15.2 65.5 20.5 32.9 14.3 53.1 7.1 -7.4 78.4 86.5 450.8 22.7 152.0 280.5 190.2 288.1 156.6 131.8 81.2 216.8 15.5 70.3 20.8 33.2 14.9 55.4 7.1 -12.0 67.8 729.8 67.5 749.6 1,170.2 1,214.9 the detailed lines for imports of goods and imports of services, Chain-type quantity indexes for the series in this table are shown in table 7.10. Contributions to the percent change in real exports and in real imports of goods and services are shown in table 8.5. See footnotes to table 4 3 68 • August 2000 SURVEY OF CURRENT BUSINESS Table 4.5B.—Relation of Foreign Transactions in the National Income and Product Accounts (NIPA's) to the Corresponding Items in the International Transactions Accounts (ITA's) [Billions of dollars] Line 1996 1997 6.9 0 679.7 5.7 0 13.3 618.4 Exports of services, ITA's Less: Transfers of goods and services under military grant programs, net 4 Statistical differences2 Other items 5 Plus: Adjustment for U.S. territories and Puerto Rico 3 Services furnished without payment by financial intermediaries except life insurance carriers. Equals: Exports of services, NIPA's Income receipts, ITA's Less: Statistical differences2 Plus: Adjustment for U.S. territories and Puerto Rico 3 Adjustment for grossing of parent/affiliate transactions6 Equals: Income receipts, NIPA's Exports of goods, ITA's Less: Gold, ITA's > Statistical differences2 Plus: Adjustment for U.S. territories and Puerto Rico 3 Equals: Exports of goods, NIPA's 1998 15.0 688.9 670.3 • 5.5 0 17.1 682.0 684.4 5.3 0 20.1 699.2 240.0 .5 2.2 .7 3.7 15.5 257.2 .3 0 .5 3.8 17.3 262.7 .3 0 .6 3.7 18.5 271.9 .3 0 .7 3.7 16.4 255.8 277.5 284.0 291.0 223.8 -.8 17.5 3.4 257.3 0 19.3 4.6 281.3 258.4 0 22.4 4.5 285.4 276.2 0 876.4 1,029.9 5.8 0 -2.7 27.1 1,048.6 612.1 245.6 25.1 4.6 305.9 Imports of goods, ITA's Less1 Gold ITA's' Statistical differences2 Plus: Gold, NIPA's l Adjustment for U.S. territories and Puerto Rico 3 Equals: Imports of goods, NIPA's 7.7 0 -3.8 16.6 808.3 18.9 885.1 917.2 6.5 0 -3.1 22.9 930.5 Imports of services, ITA's Less: Statistical differences2 Plus: Adjustment for U.S. territories and Puerto Rico 3 Equals: Imports of services, NIPA's 150.9 .1 4.0 154.8 166.5 0 4.2 170.7 182.7 0 4.3 187.0 191.3 0 4.3 195.6 Income payments, ITA's Less: Statistical differences2 Plus: Adjustment for U.S. territories and Puerto Rico 3 Imputed interest paid to the rest of the world Adjustment for grossing of parent/affiliate transactions6 Equals: Income payments, NIPA's 204.9 -2.5 251.2 0 1.1 264.7 0 1.2 294.6 0 1.2 15.5 3.4 227.5 17.3 4.6 274.2 Balance on goods and services and income, ITA's (1 +6+13—18—24—28) Less: Gold (2-19+21) Statistical differences (3+8+14-20-25-29) Other items (7+9) Plus: Adjustment for U.S. territories and Puerto Rico (4+10+15-22-26-30) Equals: Net exports of goods and services and net receipts of income, NIPA's (5+12+17-23-27-33). -83.2 -09.7 -4.5 0 .8 13.8 -£2.3 -173.1 14.9 -155.0 1.0 16.2 -265.0 0 .3 39.8 40.8 .3 0 .3 40.8 44.0 .3 0 .4 44.1 48.0 .3 0 .4 48.1 -123.3 -4.6 3.8 .7 12.5 -110.7 -140.5 -4.5 0 .5 13.5 -123.1 -217.1 -4.1 0 .6 -331.5 -3.2 0 .7 14.5 -199.1 15.8 -313.2 Unilateral current transfers, net, ITA's Less: Transfers of goods and services under military grant programs, net 4 Statistical differences2 Plus: Adjustment for U.S. territories and Puerto Rico 3 Equals: Transfer payments to the rest of the world, net, NIPA's Balance on current account, ITA's (34-40) Less: Gold (35) Statistical differences (36-42) Other items (37-41) Plus: Adjustment for U.S. territories and Puerto Rico (38-43) Equals: Net foreign investment, NIPA's (39-44) -4.6 3.8 1.2 12.7 -70.9 40.1 6.6 0 -5.6 1.2 18.5 4.5 288.9 -4.1 0 .9 16.4 4.6 316.9 -283.5 -3.2 0 1. Exports and imports of gold in the NIPA's differ from those in the ITA's. ITA gold exports (line 2) and imports (line 19) are excluded from the NIPA's; imports of gold in the NIPA's (line 21) is the excess of the value of gold in gross domestic purchases over the value of U.S. production of gold. 2. Consists of statistical revisions to the ITA's that have not yet been incorporated into the NIPA's and statistical revisions to the NIPA's that have not yet been incorporated into the ITA's. 3. Consists of transactions between the United States and its territories, Puerto Rico, and the Northern Mariana Islands. The treatment of U.S. territories, Puerto Rico, and the Northern Mariana Islands in the NIPA's differs from that in the ITA's. In the NIPA's, they are included in the rest of the world; in the ITA's, they are treated as part of the United States. The adjustment to unilateral current transfers, net (line 43) consists only of transfer payments from persons, because transfer payments, subsidies, and grantsin-aid from the Federal Government to residents of U.S. territories, Puerto Rico, and the Northern Mariana Islands are excluded from NIPA transfer payments to the rest of the world. 4. Transfers of goods and services under military grant programs, net, are classified as exports and as unilateral current transfers in the ITA's. In the NIPA's, these transactions are excluded from exports and from transfer payments and are included in Federal Government consumption expenditures. Beginning with 1988, the ITA's classify certain items as military grants that the NIPA's do not. 5. Beginning with 1988, the ITA's classify certain items as military grants that the NIPA's do not. In the NIPA's these transactions are excluded from exports and included in transfer payments from government. 6. In the ITA's, income transactions between parents and affiliates are recorded on a net basis. In ITA exports, U.S. parents' receipts from foreign affiliates for interest are net of such payments by U.S. parents to foreign affiliates. In ITA imports, U.S. affiliates' payments to foreign parents for interest are net of such receipts by U.S. affiliates from foreign parents. In the NIPA's, these transactions are recorded on a gross basis. The amount of the adjustment is identical in payments and in income receipts and, thus, does not affect NIPA net income receipts or net foreign investment. SURVEY OF CURRENT BUSINESS August 2000 • 69 5. Saving and Investment, Table 5.1.—Gross Saving and Investment [Billions of dollars] Seasonally adjusted at annual rates Line 1996 1998 1997 1999 1997 1996 2000 IV I Gross saving 1,528.4 1,565.8 1,634.3 1,633.1 1,345.1 270.1 236.0 261.9 272.5 1,368.8 257.3 260.8 1,385.3 285.6 231.6 270.2 218.4 261.6 217.6 217.5 12.1 32.3 576.0 249.1 -2.9 233.2 5.6 33.6 587.0 252.6 -2.9 219.8 5.7 35.4 597.6 256.0 -2.9 170.6 22.6 38.4 606.8 259.2 2.1 171.1 7.7 39.6 159.7 -103.7 86.2 -86.5 138.7 18.5 86.6 -68.0 183.3 53.1 86.8 -33.7 197.0 62.4 87.5 -25.0 156.8 106.8 50.0 109.9 90.7 19.3 115.6 92.1 23.5 120.2 93.6 26.6 130.2 94.7 35.5 1,562.4 1,349.3 1,502.3 1,654.4 1,717.6 1,400.5 1,422.1 1,492.9 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 1,290.4 1,375.7 1,343.5 147.6 229.4 1,308.6 1,306.8 248.1 250.1 1,354.2 272.1 232.7 1,343.7 252.9 261.3 205.0 3.1 220.0 8.4 162.1 17.0 204.1 24.6 543.5 238.5 3.6 32.9 581.5 250.9 -2.9 39.9 624.3 265.1 2.1 196.4 -9.1 42.1 676.9 284.5 5.2 209.3 10.4 30.4 565.6 245.9 -2.9 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. 58.9 -51.5 85.3 -136.8 158.6 33.4 278.7 137.4 88.4 49.0 374.0 217.3 92.8 124.4 92.0 -18.0 85.7 115.3 -.3 86.8 -53.3 110.4 88.9 21.4 125.1 94.2 31.0 141.2 99.5 41.7 1,382.1 1,532.1 Gross investment Gross private domestic investment Gross government investment Net foreign investment Statistical discrepancy 265.4 218.9 267.1 238.9 7.1 27.7 556.2 242.7 3.6 1,676.7 1,371.4 1,378.3 1,673.5 I 1,715.5 1,691.7 1,716.8 1,746.3 1,777.0 1,367.9 1,383.2 204.6 244.0 243.1 208.0 1,338.5 163.6 218.7 1,321.1 121.1 214.0 1,331.4 101.0 241.7 1,279.2 11.0 262.7 190.9 -19.7 42.7 687.7 293.1 5.2 219.3 -19.2 41.6 694.8 288.7 5.2 247.1 -25.0 40.6 711.5 414.9 146.9 19.9 188.7 11.4 2.1 17.7 40.2 630.1 267.0 2.1 41.2 642.5 271.3 2.1 42.9 654.4 276.0 5.2 186.5 -8.9 41.2 670.7 280.3 5.2 248.9 113.4 87.5 25.9 261J 129.8 87.9 415.9 298.4 160.6 88.7 71.9 305.7 145.9 89.5 56.4 332.3 180.6 90.9 89.7 353.3 209.5 92.0 117.5 395.7 240.6 93.4 147.3 238.4 95.0 143.3 497.7 333.0 97.2 235.8 134.6 96.3 38.3 135.5 97.4 38.1 131.9 98.5 33.4 137.8 100.3 37.5 159.8 102.1 57.7 151.7 103.7 47.9 143.7 105.8 38.0 155.1 107.7 47.4 176.6 109.9 66.6 164.7 112.7 52.0 1,612.3 1,613.0 1,642.6 1,661.9 1,614.9 1,627.3 1,678.5 1,699.3 1,607.9 303.5 -296.5 1,659.1 308.0 -339.8 1,723.7 324.4 -369.6 1,755.7 334.2 -390.7 617.8 262.8 294.1 0 1,629.6 1,645.6 1,422.8 1,462.8 1,555.4 1,547.8 1,650.6 1,242.7 1,390.5 250.1 264.6 -110.7 -123.1 1,549.9 1,284.3 249.4 -111.0 1,324.2 1,397.7 1,405.7 264.8 256.0 269.8 -117.5 -100.2 -120.2 1,434.5 267.7 -154.4 1,532.1 -199,1 1,650.1 308.7 -313.2 32.8 29.7 -24.8 -71.9 22.3 40.6 69.5 26.9 -18.0 16.4 -20.8 -€3.7 -31.0 -53.6 -76.8 -89.5 -57.8 -77.7 17.2 18.0 18.8 18.5 17.5 17.5 18.0 18.2 18.5 18.9 18.7 19.0 18.7 18.9 18.4 18.4 18.3 18.2 278.8 1,523.9 269.9 277.6 -151.3 -189.3 1,553.0 1,590.8 1,609.8 284.7 283.1 298.9 -224.7 -231.3 -246.8 16.2 35.9 729.9 298.4 0 98.7 115.4 1,848.9 334.7 Addendum: 23 product. Table 5.2.—Gross and Net Investment by Major Type Table 5.3.—Real Gross and Net Investment by Major Type [Billions of dollars] [Billions of chained (1996) dollars] 1996 1997 1998 1999 Gross private domestic investment Less: Consumption of fixed capital Equals: Net private domestic investment 1,242.7 1,549.9 1,650.1 781.9 460.8 1,390.5 832.4 558.1 Fixed investment Less: Consumption of fixed capital Equals: Net fixed investment 1,212.7 1,327.7 781.9 430.8 832.4 495.2 1,472.9 889.4 583.5 1,606.8 961.4 645.4 1,107.5 656.3 243.1 699.7 299.7 749.1 358.4 1,203.1 811.1 392.0 Structures Less: Consumption of fixed capital .. Equals: Net structures 225.0 140.3 84.6 255.8 149.4 106.3 283.2 157.6 125.7 285.6 165.5 120.2 Equipment and software Less: Consumption of fixed capital .. Equals: Net equipment and software 674.4 516.0 158.5 743.6 550.3 193.4 824.3 591.6 232.7 917.4 645.6 271.8 313.3 125.6 187.7 328.2 132.7 195.5 365.4 140.2 225.2 403.8 150.3 253.4 Line Presidential Less: Consumption of fixed capital Equals: Net nonresidential Residential Less: Consumption of fixed capital Equals: Net residential Change in private inventories Gross government investment1 Less: Consumption of fixed capital Equals: Net government investment Federal National defense Nondefense State and local 961.4 688.7 30.0 62.9 77.0 43.3 250.1 264.6 174.3 75.9 180.9 83.7 -5.4 -14.4 89.1 278.8 188.0 90.9 -1.5 -12.9 11.3 92.4 308.7 199.6 109.1 5.0 -9.3 14.3 104.1 154.8 75.7 79.1 .3 -3.0 3.3 78.7 160.5 79.2 81.3 1.0 -3.5 4.5 80.3 173.8 83.5 90.4 .3 109.8 105.2 4.6 -5.8 -11.4 5.6 10.4 118.3 108.7 9.6 -2.5 134.9 116.1 18.7 4.7 -5.5 10.1 14.1 1.0 -6.4 9.4 74.9 Structures Less: Consumption of fixed capital Equals: Net structures Federal National defense Nondefense State and local 140.3 Equipment and software Less: Consumption of fixed capital Equals: Net equipment and software Federal National defense Nondefense State and local 109.8 102.4 7.4 -2.3 -6.6 4.3 71.9 68.4 3.3 -1.8 5.1 65.2 9.7 8.9 -9.4 6.8 12.1 -3.8 4.2 90.0 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; change in inventories is included in government consumption expenditures. 1996 1997 1998 1999 Gross private domestic investment Less: Consumption of fixed capital Equals: Net private domestic investment 1 2 3 Line 1,242.7 781.9 460.8 1,393.3 831.8 561.5 1,566.8 894.5 672.3 1,669.7 974.1 695.6 Fixed investment Less: Consumption of fixed capital Equals: Net fixed investment 4 5 6 1,212.7 781.9 430.8 1,328.6 831.8 496.8 1,485.3 894.5 590.8 1,621.4 974.1 647.3 7 8 9 899.4 656.3 243.1 1,009.3 702.9 306.4 1,140.3 762.6 377.7 1,255.3 838.5 416.7 Structures Less: Consumption of fixed capital .. Equals: Net structures 10 11 12 225.0 140.3 84.6 245.4 142.7 102.7 263.0 145.9 117.1 259.2 151.1 108.1 Equipment and software Less: Consumption of fixed capital .. Equals: Net equipment and software 13 14 15 674.4 516.0 158.5 764.2 560.5 203.7 879.0 617.8 261.2 1,003.1 690.0 313.1 16 17 18 313.3 125.6 187.7 319.7 128.9 190.7 346.1 132.3 213.8 368.3 136.8 231.5 Nonresidential Less: Consumption of fixed capital Equals: Net nonresidential Residential Less: Consumption of fixed capital Equals: Net residential 19 30.0 63.8 80.2 45.3 20 21 22 23 24 25 26 250.1 174.3 75.9 275.9 186.6 89.3 300.7 195.8 104.9 -8.4 262.7 179.8 82.9 -4.5 -13.9 9.4 9.0 74.9 Structures Less: Consumption of fixed capital Equals: Net structures Federal National defense Nondefense State and local 27 28 29 30 31 32 33 140.3 71.9 68.4 65.2 76.1 75.5 81.7 Equipment and software Less: Consumption of fixed capital Equals: Net equipment and software Federal National defense Nondefense State and local 34 35 36 37 38 39 40 109.8 102.4 112.9 106.6 144.1 120.1 24.0 Change in private inventories Gross government investment' Less: Consumption of fixed capital Equals: Net government investment Federal National defense Nondefense State and local 1.0 .3 7.0 87.2 -11.8 11.0 89.1 -7.4 13.7 98.1 149.7 73.2 76.4 151.1 74.6 76.4 158.1 76.1 82.0 3.3 .3 1.0 .3 -1.8 -2.9 ^3.3 -3.5 5.1 3.2 4.2 3.8 7.4 6.3 125.3 112.1 13.3 -2.3 -6.6 -4.7 -10.6 -.6 7.1 -8.1 4.3 9.7 5.9 7.5 11.1 13.8 -4.1 11.1 16.9 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; change in inventories is included in government consumption expenditures. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Chain-type quantity indexes for the series in this table are shown in table 7.19. 70 • August 2000 SURVEY OF CURRENT BUSINESS Table 5.4.—Private Fixed investment by Type [Billions of dollars] Seasonally adjusted at annual rates Line Private fixed investment 1996 1997 1999 955.5 984.3 1,026.0 1,031.8 1,073.0 1,105.8 1,110.5 1,140.7 1,165.3 1,188.0 1,216.8 1,242.2 240.3 174.2 37.3 23.0 5.8 246.9 247.7 177.1 35.2 29.5 5.8 260.6 267.9 275.1 187.6 36.4 30.1 6.4 187.4 37.8 32.8 9.9 194.6 42.9 30.7 6.9 765.4 764.0 797.9 294.8 71.7 98.9 124.2 137.2 145.5 115.9 708.6 307.0 74.8 106.2 126.0 135.7 145.3 120.6 736.6 367.4 84.9 144.1 138.4 148.9 168.2 139.8 917.4 433.0 94.3 180.1 158.6 150.7 193.5 140.2 693.4 287.3 70.9 95.1 121.3 136.4 138.9 111.8 743.6 325.2 79.6 116.5 129.2 141.0 151.4 126.0 319.0 78.8 113.5 126.7 141.0 151.7 124.9 335.5 83.0 120.1 132.4 142.9 157.8 129.2 339.5 81.9 126.0 131.6 144.5 150.9 129.1 313.3 328.2 365.4 403.8 317.2 320.0 325.7 329.8 305.6 159.1 20.3 126.2 320.4 163.2 22.9 134.3 357.1 185.8 24.6 146.8 394.9 207.2 27.3 160.4 309.4 160.5 20.2 128.7 312.1 160.1 21.9 130.1 317.9 162.2 22.9 132.8 321.9 163.5 22.4 136.0 7.7 7.9 8.3 8.9 7.8 7.8 7.8 7.9 225.0 161.7 36.0 21.1 6.2 255.8 182.7 36.1 30.1 7.0 Equipment and software Information processing equipment and software. Computers and peripheral equipment' Software2 Other Industrial equipment Transportation equipment Other 674.4 Equipment 1,275.5 1,310.0 1,355.8 1,369.3 1,419.7 1,465.4 1,482.4 1,524.1 1,560.6 1,593.4 1,622.4 1,651.0 1,725.8 1,795.2 285.6 208.5 45.0 24.3 7.8 1,107.5 1,203.1 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures "."1.1. 2000 283.2 202.3 44.5 29.3 7.1 899.4 Residential 1997 1996 1,212.7 1,327.7 1,472.9 1,606.8 1,250.9 Nonresidential Structures Single family Multifamily Other structures 1998 933.7 178.5 34.9 27.8 5.7 286.3 202.1 44.4 32.4 7.3 283.9 202.6 45.2 29.2 6.8 287.6 209.9 45.6 24.9 7.2 287.2 212.9 44.7 22.3 7.3 283.7 207.7 44.5 23.2 8.4 281.2 204.7 45.1 23.8 826.6 371.3 84.0 148.5 138.8 149.7 162.6 143.0 853.1 381.8 85.0 155.9 141.0 150.2 182.3 138.8 878.1 401.7 88.1 165.4 148.2 146.5 185.5 144.5 904.3 423.6 92.8 173.3 157.5 148.3 191.6 140.8 935.6 353.5 85.4 131.9 136.3 147.0 161.1 136.3 819.5 362.9 85.5 140.0 137.4 148.6 166.7 141.3 337.5 346.7 359.6 371.9 383.4 395.3 329.5 167.0 24.3 138.2 338.6 363.6 172.8 25.0 140.7 351.4 182.0 23.9 145.5 190.5 24.2 148.9 375.0 197.8 25.2 152.0 386.7 203.9 27.2 155.5 7.9 8.1 8.2 8.3 8.5 8.6 1,371.6 290.4 208.7 45.8 27.8 8.1 308.9 224.5 47.1 29.8 7.5 445.5 97.6 184.7 163.2 151.8 200.3 137.9 951.8 461.4 98.9 196.8 165.7 156.3 196.5 137.6 495.3 104.3 210.5 180.6 162.7 198.7 142.9 530.5 114.2 226.7 189.6 169.2 203.7 147.2 405.4 405.6 408.8 417.3 423.6 396.5 207.2 27.1 162.3 396.6 206.1 27.5 163.1 399.6 211.5 27.3 160.9 407.8 222.8 28.7 156.3 414.0 222.3 28.7 163.0 8.8 9.0 9.2 9.5 9.6 7.6 321.1 237.6 45.1 31.0 7.3 1,050.6 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. Table 5.5.—Real Private Fixed Investment by Type [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line Private fixed investment Nonresidential 1997 1998 960.8 992.7 1,037.0 1,047.0 1,096.0 1,136.4 1,146.3 1,182.3 1,209.4 1,237.5 1,272.5 1,301.8 1,365.3 1,426.2 252.7 178.8 36.7 27.4 9.5 257.5 184.5 41.5 25.1 6.6 190.1 43.0 26.2 7.0 263.0 188.6 43.6 24.6 6.5 265.1 193.2 44.0 21.7 6.9 262.9 172.8 34.4 26.1 5.7 248.5 180.9 35.5 25.7 6.2 266.2 189.1 43.0 24.4 6.7 241.1 175.4 34.4 25.5 5.6 239.3 177.0 35.3 26.2 6.8 237.3 172.4 36.8 22.3 5.7 193.6 43.3 19.7 6.9 258.7 187.7 43.2 20.6 7.9 764.2 349.8 102.9 119.0 129.8 140.0 150.5 124.7 879.0 1,003.1 542.2 431.6 217.3 149.3 188.0 151.0 163.1 140.7 147.8 146.9 191.8 168.0 135.6 136.7 698.8 302.4 78.5 99.8 124.3 136.5 144.9 115.0 719.6 287.3 70.9 95.1 121.3 136.4 138.9 111.8 320.9 87.2 107.7 126.5 134.9 144.5 119.5 753.7 339.4 98.1 115.3 127.4 140.2 150.8 123.7 788.9 363.7 110.5 123.0 132.8 141.8 156.2 128.0 794.5 375.2 115.8 130.1 132.5 143.2 150.3 127.5 839.4 401.4 131.8 137.8 137.7 145.5 161.1 133.9 871.3 422.2 144.0 146.7 139.7 146.9 167.1 138.4 885.2 440.7 153.4 155.7 141.6 147.6 162.3 139.5 920.0 462.0 168.0 163.9 143.9 147.7 181.6 134.8 950.9 492.9 186.1 173.3 151.4 143.7 183.1 140.1 985.0 526.9 208.5 181.1 161.3 145.7 189.0 136.2 313.3 319.7 346.1 365.7 370.9 305.6 159.1 20.3 126.2 311.8 158.6 21.9 131.3 337.7 175.9 21.7 140.2 356.9 187.6 23.4 146.0 361.9 188.5 23.1 150.4 7.7 7.9 263.0 Equipment and software Information processing equipment and software Computers and peripheral equipment1 Software2 Other Industrial equipment Transportation equipment Other 674.4 Equipment 0 314.0 314.7 318.7 320.3 324.9 332.4 342.4 350.9 359.2 187.6 23.2 148.5 306.3 158.7 19.9 127.6 307.0 157.2 21.4 128.3 310.8 158.7 22.2 130.0 312.4 158.2 21.3 132.9 316.9 160.2 22.7 134.0 324.3 165.6 22.6 136.1 334.1 173.6 21.3 139.4 342.6 8.3 9.1 7.8 -16.6 -60.3 179.9 21.1 141.7 350.0 184.7 21.7 143.7 254.6 183.2 43.6 21.3 7.1 260.6 185.1 44.0 24.6 7.5 274.0 196.5 44.9 26.1 6.9 2825 206.7 42.6 26.6 6.8 1,026.6 1,050.1 1,100.4 1,154.2 561.1 230.9 192.5 168.1 148.9 199.1 133.3 358.8 185.6 23.3 150.1 587.9 243.8 205.3 171.6 152.8 195.9 132.8 629.4 264.1 215.0 187.3 158.9 197.3 138.0 673.7 298.5 227.5 196.8 165.1 201.3 141.5 368.5 371.4 375.0 359.2 188.8 23.0 147.5 361.8 195.8 23.8 142.0 365.2 195.1 23.7 146.3 7.8 7.8 7.9 8.0 8.1 8.3 8.4 8.5 8.8 9.0 9.2 9.3 9.7 9.8 -.5 -2.1 -4.2 -5.4 -10.5 -14.1 -18.1 -24.6 -53.0 -45.1 -58.4 -65.4 -75.4 -94.7 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity 2000 936.2 245.4 Residual 1999 259.2 187.4 43.5 21.5 7.3 899.4 1,009.3 1,140.3 1,255.3 225.0 161.7 36.0 21.1 6.2 Structures Single family Multifamily Other structures 1997 1996 1,212.7 1,328.6 1,485.3 1,621.4 1,250.2 1,275.4 1,311.1 1,356.7 1,371.3 1,427.4 1,477.6 1,496.4 1,539.7 1,574.0 1,607.1 1,637.8 1,666.6 1,730.9 1,793.6 Structures Nonresidential buildings, including farm Utilities „ Mining exploration, shafts, and wells Other structures Residential 1999 indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.6. Contributions to the percent change in real private fixed investment are shown in table 8.4. Table 5.7.—Real Private Fixed Investment in Structures by Type Table 5.6.—Private Fixed Investment in Structures by Type [Billions of chained (1996) dollars] [Billions of dollars] 1997 Line 576.1 640.4 680.5 225.0 255.8 283.2 285.6 224.6 254.3 282.4 284.7 158.0 32.7 78.7 32.4 46.3 4.4 7.7 13.1 21.4 178.9 33.1 89.7 39.9 49.8 5.6 9.8 15.1 25.5 198.0 36.5 100.7 49.1 51.6 6.4 10.9 15.4 28.2 204.0 31.5 109.1 54.2 54.9 7.3 10.6 15.2 30.4 Utilities Railroads Telecommunications Electric light and power Gas Petroleum pipelines 36.0 4.4 11.7 11.3 7.6 1.0 36.1 4.9 12.3 11.4 6.5 1.0 44.5 5,7 13.2 12.5 11.8 1.3 45.0 4.9 15.1 14.2 9.3 1.5 Farm Mining exploration, shafts, and wells Petroleum and natural gas Other ... . Other 4 3.7 21.1 19.4 1.7 5.8 30.1 28.4 1.7 5.5 4.3 29.3 4.5 24.3 22.8 1.5 1.8 -1.4 2.0 -.5 305.6 320.4 NonreskJential . New .- Nonresidential buildings, excluding farm Industrial Commercial Office buildings1 Other 2 Religious Educational Hospital and institutional Other 3 Brokers' commissions on sale of structures Net purchases of used structures Residential New New housing units Permanent site Single-family structures Multifamily structures Manufactured homes Improvements Other 5 Brokers' commissions on sale of structures Net purchases of used structures 3.8 281.2 1997 530.6 557.2 600.7 225.0 245.4 263.0 259.2 224.6 243.9 262.1 258.3 158.0 32.7 78.7 32.4 46.3 4.4 7.7 13.1 21.4 173.3 32.1 86.9 38.7 48.2 5.4 9.5 14.6 24.7 185.1 34.1 94.1 45.9 48.2 6.0 10.2 14.4 26.3 183.4 28.3 98.1 48.7 49.4 6.6 9.5 13.6 27.3 Utilities Railroads Telecommunications Electric light and power Gas Petroleum pipelines 36.0 4.4 11.7 11.3 7.6 1.0 35.3 4.8 12.0 11.2 6.3 .9 43.0 5.5 12.9 12.0 11.4 1.2 43.5 5.0 15.0 13.5 8.7 1.4 Farm Mining exploration, shafts, and wells Petroleum and natural gas 3.7 26.2 24.5 1.6 5.3 4.0 24.4 23.2 1.2 5.9 4.0 21.5 20.2 1.3 6.4 2.2 2.3 -1.3 Private fixed investment in structures New , Nonresidential buildings, excluding farm Industrial Commercial Office buildings 1 Other 2 Religious Educational Hospital and institutional Other 3 618.4 6.9 other4,.!.".'."."!."."!."!!!."!!!.'!."!."!!!."!!!.".'.".'.'.".'."! 3.7 21.1 19.4 1.7 5.8 2.3 2,4 -1.5 -1.5 Brokers' commissions on sale of structures Net purchases of used structures 1.8 -1.4 2.0 -.5 357.1 394.9 305.6 311.8 269.8 272.9 192.2 179.4 159.1 20.3 12.8 77.0 .6 193.7 180.5 158.6 21.9 13.3 78.4 .8 212.2 197.5 175.9 21.7 14.7 79.9 224.2 210.7 187.6 23.2 13.4 37.5 -1.7 41.2 -2.3 47.5 -2.7 51.0 -2.1 28.0 1.3 6.2 192.2 179.4 159.1 20.3 12.8 77.0 199.6 186.1 163.2 22.9 13.5 80.8 .8 311.0 225.5 210.4 185.8 24.6 15.2 84.5 1.0 37.5 -1.7 41.5 -2.3 48.9 -2.8 342.9 248.6 234.4 207.2 27.3 14.2 93.0 1.3 54.3 -2.3 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 ejsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories and of fraternity and sorority houses. 1996 Line 1999 530.6 Private fixed investment in structures 71 August 2000 SURVEY OF CURRENT BUSINESS Residential New New housing units Permanent site Single-family structures Multifamily structures Manufactured homes Improvements Other 5 Brokers' commissions on sale of structures Net purchases of used structures Residual -1.4 337.7 293.0 359.2 310.4 85.1 1.2 -.4 1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for their own use. 2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings used for commercial purposes. 3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories and of fraternity and sorority houses. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.7. 72 • August 2000 SURVEY OF CURRENT BUSINESS Table 5.8.—Private Fixed Investment in Equipment and Software by Type [Billions of dollars] Line 1996 1997 1998 1999 682.1 674.4 751.5 832.6 926.3 743.6 824.3 917.4 Information processing equipment and software Computers and peripheral equipment1 Software2 Communication equipment Instruments Photocopy and related equipment Office and accounting equipment 287.3 70.9 95.1 65.6 33.3 14.7 7.8 325.2 79.6 367.4 84.9 433.0 94.3 116.5 73.7 33.3 14.1 8.0 144.1 80.7 36.4 13.5 7.7 180.1 99.1 39.0 12.7 7.9 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 136.4 13.4 4.3 31.7 34.6 31.6 20.9 141.0 12.2 4.1 33.3 35.8 32.8 22.8 148.9 12.6 4.8 34.7 37.3 35.3 24.1 150.7 13.0 5.6 34.8 38.3 34.2 24.9 Transportation equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment 138.9 77.9 41.3 12.2 2.2 5.4 151.4 85.7 42.4 14.8 2.6 5.9 168.2 97.9 40.6 20.0 2.6 7.0 193.5 113.5 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 116.5 27.6 10.6 11.4 17.3 2.8 14.2 10.6 21.9 130.5 32.3 14.0 12.2 18.3 4.6 14.0 12.2 23.0 143.5 36.0 14.9 12.8 20.9 4.7 15.3 13.8 25.1 144.4 35.8 13.6 12.0 19.4 5.1 16.5 14.6 27.5 4.6 4.5 3.7 4.2 7.7 7.9 8.3 8.9 Private fixed investment in equipment and software Nonresidential equipment and software Less: Sale of equipment scrap, excluding autos Residential equipment Addenda: Private fixed investment in equipment and software 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 fixed investment in new equipment and software 682.1 7.0 .8 38.4 .4 4.7 717.7 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment, n.e.c. Not elsewhere classified. 751.5 7.7 .9 38.3 .4 4.6 786.3 832.6 8.2 1.2 39.3 .5 3.8 44.1 25.7 2.5 7.7 926.3 8.1 Table 5.9.—Real Private Fixed Investment In Equipment and Software by Type [Billions of chained (1996) dollars] Line Private fixed investment in equipment and software .. 1996 1997 1998 682.1 772.0 887.3 1,012.1 1999 674.4 764.2 879.0 1,003.1 Information processing equipment and software Computers and peripheral equipment' Software 2 ; Communication equipment Instruments Photocopy and related equipment Office and accounting equipment 287.3 70.9 95.1 65.6 33.3 14.7 7.8 349.8 102.9 119.0 74.5 33.2 14.1 8.0 431.6 149.3 151.0 83.0 36.2 13.7 7.8 542.2 217.3 188.0 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 136.4 13.4 4.3 31.7 34.6 31.6 20.9 140.0 12.2 4.1 33.2 35.4 32.4 22.7 146.9 12.6 4.6 34.3 36.6 34.7 24.1 147.8 13.1 5.4 34.2 37.1 33.2 24.8 Transportation equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment 138.9 77.9 41.3 12.2 2.2 5.4 150.5 86.3 41.1 14.6 2.6 6.0 168.0 99.8 39.2 19.7 2.5 7.1 191.8 113.6 43.4 24.9 2.4 7.8 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 116.4 27.6 10.6 11.4 17.3 2.8 14.2 10.6 21.9 129.1 31.7 14.0 12.1 18.0 4.5 13.8 12.4 22.8 140.9 35.2 14.7 12.5 20.2 4.6 14.9 14.2 24.7 140.7 34.9 13.3 11.6 18.3 4.9 15.9 15.2 26.8 5.2 Nonresidential equipment and software 103.8 38.7 12.9 7.9 4.6 4.4 4.3 Residential equipment 7.7 7.9 8.3 9.1 Residual -.3 -3.1 -13.9 -41.2 Less: Sale of equipment scrap, excluding autos 1.0 39.8 .7 4.3 962.1 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.8. n.e.c. Not elsewhere classified. August 2000 • SURVEY OF CURRENT BUSINESS 73 Table 5.10.—Change in Private Inventories by Industry Group [Billions of dollars] Seasonally adjusted at annual rates 1999 1997 Line 1997 1996 1998 I 30.0 7.9 Change in private inventories . Farm Nonfarm Change in book value' Inventory valuation adjustment2 -.2 43.5 59.1 -15.6 2.4 3.5 -1.1 .7 .7 .1 7.4 5.0 2.6 2.4 2.4 1.5 .4 1.1 11.3 6.5 4.2 2.2 4.8 8.7 .9 7.7 14.7 8.1 2.2 6.0 6.6 15.3 3.0 12.3 Manufacturing Durable goods Nondurable goods 10.1 Wholesale trade Durable goods Nondurable goods 3.1 4.2 -1.0 9.5 .6 Other Durable goods Nondurable goods 43.3 .6 76.4 54.2 22.2 24.7 18.9 5.8 21.6 15.7 5.9 19.2 13.7 5.5 2.4 2.0 .4 21.5 .7 Retail trade Durable goods Motor vehicle dealers 3 Other 3 Nondurable goods 77.0 2.9 59.9 47.6 12.3 15.1 9.4 5.8 24.9 16.3 8.6 22.8 15.0 7.9 2.1 1.3 .8 22.1 Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods 62.9 33.5 3.3 30.2 29.5 .6 .2 -.1 .3 12.6 7.4 5.2 16.7 12.5 4.2 15.3 11.2 4.1 1.4 1.3 .1 9.9 .6 9.2 10.2 1.3 8.8 -.3 -.7 .4 21.0 14.2 7.5 6.7 6.8 5.6 .7 5.0 5.5 .3 -1.5 1.8 5.2 2.2 .4 1.8 48.8 87.7 -1.3 50.1 31.2 18.8 17.6 12.4 5.2 23.7 14.9 8.8 21.9 13.6 8.2 .1.8 1.3 .6 .2 ^3.6 -2.1 ^3.2 1.1 -1.5 87.4 71.3 16.2 23.0 16.9 6.1 37.5 32.3 5.2 31.7 27.7 4.0 5.8 4.6 1.2 17.1 8.0 3.1 4.9 12.3 .8 11.5 1. This series is derived from the Census Bureau series "current cost inventories." 2. 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 (such as first-in, first-out and last-in, first-out) underlying inventories 2000 II IV IV 49.9 65.1 112.4 58.5 70,5 66.6 49.2 14.5 36.7 8.1 41.8 35.1 6.6 9.0 4.9 4.1 14.1 6.3 7.8 14.4 7.3 7.2 -.3 -.9 .6 4.6 5.4 106.9 74.8 32.1 36.9 26.7 10.2 27.8 24.1 3.8 25.3 21.7 3.6 2.5 2.3 .2 -2.3 5.3 -5.3 13.4 33.0 -19.6 42.0 73.3 -31.3 1.0 -5.7 -7.0 1.3 2.2 47.0 34.8 12.2 -.9 1.1 -2.0 12.4 10.3 2.1 11.5 9.2 2.3 .9 1.1 -.2 21.7 15.1 10.3 4.8 6.7 13.8 2.4 11.4 1.2 25.1 10.4 3.3 7.2 14.7 17.1 3.0 14.1 -5.9 76.5 52.4 24.0 23.0 15.7 7.3 28.2 18.2 10.0 25.7 16.7 9.0 2.5 1.5 1.0 12.9 7.8 1.5 6.3 5.1 12.4 3.0 9.4 12.9 7.3 4.6 2.7 5.6 5.7 1.2 4.5 60.5 52.8 7.7 10.8 3.2 7.5 24.4 11.7 12.7 23.3 11.3 12.0 1.0 .3 .7 18.7 12.7 12.3 .4 6.0 6.7 .6 6.1 60.8 51.2 9.7 28.2 24.4 3.8 14.4 7.1 7.3 11.6 4.7 6.9 2.8 2.4 .4 6.6 17.2 3.3 13.9 61.3 38.2 23.1 10.8 8.9 1.9 16.0 13.6 2.5 14.2 11.8 2.4 1.8 1.7 .1 20.0 19.9 10.9 9.0 .1 14.5 2.8 11.7 -9.0 -7.7 -1.3 14.4 13.1 1.3 10.3 8.3 2.0 4.2 4.9 -.7 4.1 1.0 -4.5 5.5 3.1 3.8 -1.5 5.3 3.4 3.1 .2 21.9 11.9 10.0 19.6 10.6 9.1 2.3 1.3 1.0 15.8 12.9 9.6 3.3 2.9 .9 -.3 1.2 72.7 .9 71.8 95.5 -23.7 7.4 3.2 4.1 17.9 14.6 3.3 19.9 16.7 3.2 -1.9 -2.1 .2 42.4 27.7 14.6 13.1 14.7 4.1 2.0 2.1 I 29.9 -2.5 32.4 65.1 -32.7 9.9 6.3 3.6 21.0 16.7 4.3 15.7 11.9 3.8 5.2 4.8 .5 53.7 -.2 53.9 80.8 -26.9 7.0 9.4 -2.4 22.9 17.9 5.0 22.9 17.7 -6.4 2.8 -.9 5.1 .1 .2 -.2 20.8 16.0 11.9 4.1 4.8 6.1 1.3 4.8 3.2 -1.7 4.9 -4.5 -3.6 derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from Internal Revenue Service statistics. 3. Inventories of auto and home supply stores are included in "other durable goods." Table 5.11.—Real Change in Private Inventories by Industry Group [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1999 1998 1997 1996 2000 I Farm 30.0 7.9 Nonfarm 22.1 Change in private inventories Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholes? Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers Other 1 Nondurable goods Other Durable goods Nondurable goods Residual 10.1 9.5 .6 3.1 4.2 -1.0 2.4 3.5 -1.1 .7 .7 .1 7.4 5.0 2.6 2.4 2.4 1.5 .4 1.1 -.1 63.8 80.2 45.3 32.9 49.3 88.3 3.2 60.6 15.2 9.5 5.8 25.4 16.5 8.9 23.3 15.2 8.1 2.1 1.3 .8 1.2 78.7 25.6 19.5 6.1 22.6 16.2 6.4 20.0 14.1 5.9 2.5 2.1 .5 0 3.3 -1.1 .3 44.9 29.8 50.4 .1 -.1 .2 12.6 17.6 7.4 17.4 13.0 4.4 16.0 11.7 4.4 1.4 1.4 .1 9.6 .6 9.1 10.0 1.3 8.7 -.3 -.7 12.5 5.1 24.1 15.0 9.1 22.3 13.8 8.6 1.8 1.3 .5 88.3 23.2 17.0 6.2 38.2 32.7 5.3 32.3 28.0 4.2 5.9 4.7 1.2 17.1 8.0 3.1 4.8 9.0 10.0 1.1 8.9 -.2 11.3 6.5 4.3 2.2 4.8 8.7 .9 7.8 -.1 14.8 8.2 2.2 6.0 6.6 16.0 3.0 12.9 .1 20.8 14.2 7.6 6.7 6.7 6.1 .6 5.4 5.2 .4 5.5 .3 -1.5 1.8 5.2 2.1 .4 1.7 -.3 -3.5 -2.1 -3.2 1.0 -1.4 12.3 .8 11.5 -.1 1. Inventories of auto and home supply stores are included in "other durable goods." NOTE.—Chained (1996) dollar series for real change in private 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 an- 51.3 8.7 66.1 117.3 60.9 73.1 69.4 48.1 13.1 39.1 4.8 49.2 14.1 43.5 -9.5 3.5 3.3 .2 24.9 14.9 7.4 7.5 -.3 23.8 11.6 12.3 5.9 63.5 11.2 9.3 1.9 16.9 14.0 2.8 15.0 12.3 2.7 1.9 1.8 .1 -5.0 14.5 6.4 8.1 25.3 10.6 3.4 7.2 14.7 17.8 3.0 14.7 0 1.0 -6.7 -7.1 1.3 -6.9 79.2 24.0 16.3 7.7 29.6 18.8 10.8 27.0 17.2 9.8 2.6 1.6 1.0 13.0 7.9 1.5 6.4 5.1 13.0 2.9 9.9 -1.1 61.3 -1.7 62.5 29.2 25.1 4.0 15.0 7.2 7.8 12.0 4.8 7.3 3.0 2.4 .5 -1.6 42.4 9.1 5.0 4.1 7.6 109.7 37.9 27.2 10.7 28.9 24.6 4.2 26.2 222 3.9 2.7 2.4 .3 -1.0 .6 13.0 7.4 4.7 2.7 5.6 5.8 1.2 4.6 .2 11.0 3.3 7.7 11.9 13.0 1.1 .4 .7 18.8 12.8 12.6 .4 6.0 6.7 .6 6.1 -.4 6.6 17.8 3.3 14.4 0 20.0 20.1 11.1 9.0 .1 15.3 2.8 12.4 0 -1.1 1.2 -2.4 13.1 10.7 2.4 12.2 9.6 2.6 .9 1.1 -.2 21.8 15.2 10.5 4.8 6.6 14.8 2.3 12.4 1.2 -8.1 -1.4 15.1 13.8 1.4 10.8 8.7 2.1 4.3 5.1 -.7 4.1 1.0 -4.6 5.5 3.0 4.2 -1.4 5.7 .3 23.0 12.5 10.5 20.6 11.1 9.5 2.4 1.4 1.0 15.7 13.0 9.7 3.3 2.9 1.1 -.3 1.4 IV I 80.9 7.9 73.0 7.6 3.3 4.2 36.6 18.5 15.2 3.4 20.6 17.4 3.3 -2.0 -2.2 .2 41.7 27.7 14.7 13.0 14.2 4.2 1.9 2.2 60.3 3.6 33.0 10.3 6.5 3.8 21.5 17.3 4.4 16.2 12.3 3.9 5.2 5.0 .4 7.4 9.7 -2.1 23.2 18.5 4.8 23.3 18.3 5.1 .1 .2 -.1 36 -6.4 2.7 -.8 6.1 1.3 4.8 -.5 20.2 15.9 11.9 4.0 4.6 3.1 -1.7 4.8 -.7 6.3 54.0 nual 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. 74 • SURVEY OF CURRENT BUSINESS August 2000 Table 5.12.—Private Inventories and Domestic Final Sales of Business by Industry Group [Billions of dollars] Seasonally adjusted quarterly totals Line Private 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 2 Other 2 Nondurable goods Other Durable goods Nondurable goods Final sales of domestic business3 Final sales of goods and structures of domestic business 3 . 1997 1996 1999 IV I 1,251.5 1,259.1 1,274.1 1,289.1 1,296.5 1,316.0 1,320.5 103.4 1,148.1 638.6 509.6 428.9 263.5 165.4 305.2 192.8 112.4 262.4 167.6 94.8 42.7 25.2 17.6 322.0 176.1 91.2 84.8 145.9 92.1 6.2 85.9 556.3 305.5 107.7 1,151.4 643.6 507.8 429.6 265.8 163.8 309.7 195.7 113.9 267.2 170.4 96.8 42.4 25.3 17.1 107.1 1,167.0 655.5 511.5 433.5 269.4 164.1 316.6 202.9 113.7 273.2 176.6 96.6 43.4 26.3 17.1 323.4 176.3 89.9 86.4 147.1 93.5 6.8 86.7 574.2 314.4 108.9 107.3 1,180.2 658.8 521.3 1,189.1 4.36.3 270.5 438.0 102.4 1,218.1 680.7 537.4 445.6 279.4 166.2 331.2 211.1 120.2 287.7 184.2 103.4 43.6 26.8 16.8 338.0 181.5 92.7 88.8 156.5 103.3 8.8 94.5 608.9 334.1 2.25 2.06 3.76 2.23 2.04 3.70 2.17 2.00 3.65 320.9 175.5 90.1 85.4 145.3 91.2 6.5 84.7 565.4 311.0 86.8 149.1 150.3 96.4 7.0 89.4 96.1 7.2 88.9 585.6 322.3 590.7 323.4 107.9 1,208.1 677.1 531.0 442.5 275.8 166.7 329.3 210.5 118.7 286.2 184.2 102.0 43.1 26.4 16.7 337.1 182.8 94.1 88.7 154.3 99.3 7.9 91.3 598.4 328.9 2.20 2.02 3.66 2.19 2.01 3.68 2.20 2.02 3.67 165.8 320.9 203.8 117.0 664.0 525.1 271.2 166.8 324.7 205.6 119.1 277.4 177.8 281.6 179.6 99.6 43.5 26.0 17.5 326.6 101.9 43.2 25.9 177.5 90.7 17.2 330.4 180.1 93.2 86.9 1,323.2 93.3 1,229.9 IV I 1,331.9 1,348.8 92.7 1,239.2 694.8 544.4 444.5 279.1 165.4 615.5 337.8 345.9 98.3 1,250.5 699.8 550.7 443.4 278.0 165.4 342.2 218.8 123.4 297.6 191.3 106.3 44.6 27.5 17.1 353.0 192.2 98.1 94.1 160.8 111.9 10.8 101.1 637.4 352.0 2.15 2.00 3.64 2.12 1.98 3.58 2.12 1.96 3.55 688.0 542.0 447.3 280.2 167.1 335.8 339.2 214.3 121.5 216.6 122.6 291.9 295.3 187.3 104.6 189.3 106.0 43.9 27.3 16.6 43.9 27.0 16.9 341.7 183.9 93.6 90.3 157.7 105.2 9.5 95.7 347.3 188.9 96.3 92.6 158.4 108.2 10.1 2000 III IV I 1,362.5 1,387.9 1,416.3 1,446.5 1,468.8 98.0 1,264.5 704.2 560.3 445.3 277.6 167.7 347.1 222.3 124.9 300.8 193.5 107.3 46.4 28.7 17.6 356.5 193.7 97.7 96.0 162.8 115.6 10.7 104.9 646.5 357.1 96.4 1,291.4 714.9 576.6 452.6 280.7 171.9 356.4 225.7 130.7 308.5 196.6 111.9 47.9 29.1 18.8 363.5 198.0 101.4 96.6 165.5 118.9 10.5 108.4 655.9 361.6 100.3 1,316.0 729.7 586.3 458.6 283.3 175.3 363.4 230.4 133.0 315.4 201.7 113.7 48.0 28.7 19.3 374.6 205.1 104.9 100.1 169.5 119.5 11.0 108.4 669.8 369.7 108.3 1,338.3 737.0 601.3 466.1 286.2 179.9 373.2 235.3 137.9 322.7 205.4 117.4 50.4 29.9 20.5 375.5 204.0 103.2 100.9 171.5 123.5 11.5 112.0 687.3 382.3 108.5 1,360.3 747.6 612.6 471.0 287.5 183.5 379.8 240.1 139.6 328.9 210.1 118.8 50.9 30.0 20.9 382.3 208.9 106.9 102.0 173.3 127.2 11.0 116.2 699.0 388.1 2.11 1.96 3.54 2.12 1.97 3.57 2.11 1.96 3.56 2.10 1.95 3.50 2.10 1.95 3.51 Ratio of private inventories to final sales of domestic business Private inventories to final sales Nonfarm inventories to final sales Nonfarm inventories to final sales of goods and structures 2.22 2.03 3.71 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 the private inventories component of GDP. The former is the difference between two inventory stocks, each valued at its 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, the change in private inventories is stated at annual rates. 2. Inventories of auto and home supply stores are included in "other durable goods." 3. 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 it includes a small amount of final sales by farm and by government enterprises, Table 5.13.—Real Private Inventories and Real Domestic Final Sales of Business by Industry Group [Billions of chained (1996) dollars] Seasonally adjusted quarterly totals Line Private 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 2 Other 2 Nondurable goods Other Durable goods Nondurable goods Residual Final sales of domestic business 3 Final sales of goods and structures of domestic business 3 . 1999 1997 1996 IV I 1,251.9 1,264.2 1,286.3 103.7 1,148.1 640.7 507.4 430.0 265.1 164.8 307.7 193.3 114.4 265.4 168.1 97.3 42.3 25.2 17.1 321.0 176.1 91.5 84.6 144.9 89.5 6.2 83.3 .1 103.5 1,160.7 647.3 513.4 434.4 268.3 166.1 313.7 197.0 116.6 271.0 171.5 99.4 42.7 25.5 17.2 320.1 175.6 90.7 84.9 144.5 92.5 6.4 86.2 0 103.5 1,182.8 661.9 520.8 440.2 272.5 167.7 323.2 205.2 118.0 279.0 178.5 100.5 44.2 26.7 17.5 324.4 177.6 91.5 86.1 146.8 95.0 6.6 88.4 0 552.8 304.9 558.2 309.3 564.0 312.2 2.26 2.08 3.77 2.26 2.08 3.75 2.28 2.10 3.79 IV I 1,299.1 1,315.6 1,344.9 105.7 1,193.4 666.9 526.4 442.5 273.8 168.7 326.8 206.8 120.0 282.7 180.3 102.4 44.1 26.5 17.6 327.6 179.4 92.6 86.8 148.2 96.5 6.9 89.6 0 573.6 320.1 106.9 1,208.7 674.1 534.6 445.2 274.6 170.6 333.1 209.8 123.2 288.7 183.2 105.4 44.4 26.6 17.8 332.3 182.6 95.8 86.9 149.7 98.2 7.1 91.1 -.1 576.7 321.2 108.8 1,236.1 690.4 545.7 454.7 281.4 173.3 340.3 215.9 124.3 295.2 188.8 106.4 45.1 27.2 17.9 338.6 185.3 96.6 88.7 153.3 102.6 7.8 94.8 -.1 583.2 326.6 2.26 2.08 3.73 2.28 2.10 3.76 2.31 2.12 3.79 2000 III IV I II III IV I 1,360.2 1,378.4 1,395.8 1,407.8 1,411.1 1,420.8 1,441.1 1,450.2 1,465.3 108.4 1,251.8 697.9 553.9 462.0 287.7 174.3 344.0 217.7 126.2 298.3 190.0 108.2 45.8 27.8 18.0 338.9 183.9 94.8 89.0 155.0 107.1 108.1 1,287.4 721.0 566.4 470.8 294.1 176.7 355.7 226.0 129.6 308.7 197.3 111.4 46.9 28.6 18.3 347.1 190.9 98.0 92.8 156.3 114.1 10.1 103.9 .2 107.7 1,299.7 728.5 571.2 470.5 294.4 176.1 358.9 228.6 130.2 311.8 199.7 112.0 47.2 28.9 18.2 352.6 194.7 100.6 94.0 157.9 117.8 10.7 107.0 .6 107.4 106.2 1,314.1 736.9 577.1 469.0 293.2 175.8 368.5 235.2 133.2 319.6 204.7 114.9 48.8 30.5 18.3 357.5 198.2 101.9 96.2 159.4 108.2 1,332.4 749.2 583.2 470.9 294.0 176.8 373.1 239.0 134.1 324.8 209.0 115.7 48.3 30.0 18.3 368.0 205.1 105.6 99.5 163.0 120.2 10.7 109.4 109.1 1,340.6 754.5 586.2 473.5 295.7 177.8 378.5 243.3 135.2 328.8 212.1 116.7 49.6 31.2 18.5 366.9 204.2 104.0 100.2 162.8 121.7 11.0 110.6 .5 110.6 1,354.1 765.1 589.3 475.3 298.1 177.3 384.3 247.9 136.4 334.6 216.7 118.0 49.6 31.3 18.4 371.9 208.2 106.9 101.2 163.9 122.5 10.6 111.8 .5 331.9 106.6 1,271.5 709.3 562.2 468.0 291.8 176.2 351.4 222.5 128.9 305.0 194.3 110.7 46.5 28.2 18.3 342.1 185.8 95.2 90.6 156.3 110.3 9.4 100.9 -.1 596.7 335.0 606.4 343.5 357.3 639.6 364.8 651.3 375.1 6582 378.6 2.30 2.11 3.77 2.31 2.13 3.80 2.30 2.12 3.75 2.26 2.09 3.68 2.25 2.08 3.65 2.23 2.06 3.57 2.23 2.06 3.58 0 592.2 1,303.2 729.8 573.4 468.2 292.4 175.7 362.7 232.1 130.6 314.5 201.9 112.5 48.2 30.2 18.1 353.6 194.9 99.5 95.4 158.7 118.9 10.3 119.1 10.2 108.5 108.8 .5 .7 614.0 348.5 620.7 352.8 628.4 2.29 2.12 3.73 2.27 2.10 Ratio of private inventories to final sales of domestic business Private inventories to final sales Nonfarm inventories to final sales Nonfarm inventories to final sales of goods and structures 1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are at quarterly rates, whereas, the change in private inventories component of GDP is stated at annual rates. 2. Inventories of auto and home supply stores are included in "other durable goods." 3. 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 it includes a small amount of final sales by farm and by government enterprises. NOTE.—Chained (1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change in inventories for 1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995 and 1996 end-of-year chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding ! series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories. August 2000 • SURVEY OF CURRENT BUSINESS Table 5.14.—Gross Government Fixed Investment by Type Table 5.15.—Real Gross Government Fixed Investment by Type [Billions of dollars] [Billions of chained (1996) dollars] Line Gross government fixed investment' . Federal National defense Nondefense State and local Structures2 Federal National defense New : Buildings Residential Industrial Military facilities3 Net purchases of used structures Nondefense New Buildings Residential Industrial Educational Hospital Other4 Highways and streets Conservation and development Other5 Net purchases of used structures State and local New Buildings ... Residential Industrial Educational Hospital Other4 Highways and streets Conservation and development Sewer systems Water systems Other5 Net purchases of used structures Equipment and software2 Federal National defense Aircraft Missiles Ships Vehicles Electronics and software Other equipment Nondefense State and local Addenda: Government enterprise gross fixed investment Federal Structures .-. Equipment and software State and local Structures Equipment and software 1997 1996 250.1 86.3 54.6 31.7 163.8 140.3 17.8 6.7 6.7 2.0 1.4 .6 4.7 0 11.1 11.3 4.7 264.6 81.3 48.4 32.9 183.3 154.8 15.5 5.7 5.7 1.8 1.4 .5 3.9 0 9.7 10.2 4.7 278.8 86.9 49.5 37.4 191.9 160.5 16.6 5.4 5.4 1.9 1.4 .6 3.5 0 11.1 10.4 4.6 308.7 97.8 53.8 44.0 210.9 173.8 16.3 5.3 5.3 1.9 1.3 .5 3.5 0 11.0 10.8 4.4 .7 3.1 .4 3.8 2.4 -.2 122.5 119.2 54.3 3.4 .4 0 1.0 3.2 .3 3.4 1.9 -.5 139.3 136.0 63.3 3.6 .3 0 .8 3.5 .3 3.5 2.0 .7 144.0 140.4 64.3 3.6 .3 0 .7 3.4 .3 4.0 2.2 .2 157.5 153.8 69.7 4.3 27.1 3.2 20.5 39.5 2.4 8.6 5.7 8.6 3.3 109.8 68.5 47.9 9.2 4.1 6.8 1.2 11.6 15.2 20.5 41.3 32.9 3.0 23.7 44.2 2.3 9.1 6.7 10.4 3.3 109.8 65.9 42.7 5.9 2.9 6.1 1.4 12.4 14.0 23.2 44.0 34.8 2.7 23.2 48.7 2.2 9.3 6.6 9.3 3.5 118.3 70.3 44.0 5.6 3.3 6.4 1.5 13.4 13.8 26.3 48.0 38.3 2.8 24.4 53.6 2.3 10.3 7.4 10.5 3.7 134.9 81.5 48.5 7.0 2.8 6.8 1.6 15.6 14.7 33.0 53.4 45.4 5.8 2.2 3.6 39.6 32.7 49.0 6.3 2.2 4.1 42.7 35.8 6.9 49.4 7.2 2.4 4.8 42.1 34.6 7.5 54.6 8.7 2.7 6.0 45.9 38.2 7.7 1. Consists of general government and government enterprise expenditures for fixed assets. 2. Structures and software include compensation of government employees engaged in new own-account investment and related expenditures for goods and services. 3. Consists of Department of Defense new structures, except family housing. 4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and passenger terminals. 5. Consists primarily of electric and gas facilities, transit systems, and airfields. Line 1999 Gross government fixed investment' Federal National defense Nondefense . State and local Structures2 Federal National defense New Buildings Residential Industrial Military facilities3 Net purchases of used structures Nondefense. New Buildings Residential Industrial Educational Hospital Other4 Highways and streets Conservation and development Other5 Net purchases of used structures State and l o c a l . . . New Buildings Residential Industrial Educational Hospital Other4 Highways and streets Conservation and development Sewer systems Water systems Other5 Net purchases of used structures Equipment and software2 Federal National defense Aircraft Missiles Ships Vehicles Electronics and software Other equipment Nondefense State and local Residual Addenda: Government enterprise gross fixed investment Federal Structures Equipment and software State and local Structures Equipment and software . . . 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 35 36 37 38 1996 1997 1998 75 1999 250.1 86.3 54.6 31.7 163.8 140.3 17.8 6.7 6.7 2.0 1.4 .6 4.7 0 11.1 11.3 4.7 262.7 82.4 49.1 33.3 180.2 149.7 15.0 5.5 5.5 1.8 1.4 .4 3.7 0 9.4 9.9 4.5 275.9 89.2 51.0 38.2 186.7 151.1 15.6 5.1 5.1 1.8 1.3 .5 3.3 0 10.5 9.8 4.3 300.7 99.7 55.0 44.7 201.2 158.1 15.0 4.8 4.8 1.7 1.2 .5 3.2 0 10.1 10.0 3.9 .7 0 .9 3.1 4 38 2.4 _2 1225 119.2 54.3 34 .4 0 1.0 3.1 2 3.3 1.8 -4 134.7 131.5 61.3 3.5 .3 0 .7 3.2 2 3.4 1.9 .7 135.5 132.1 60.0 3.5 .2 0 .6 3.1 3 3.8 2.0 .2 143.2 139.8 62.5 3.9 40 41 42 43 44 45 46 47 48 49 50 51 52 27.1 32 20.5 395 24 8.6 57 86 3.3 109.8 685 47 9 92 4.1 68 12 11 6 152 20.5 413 1 31.9 29 22.9 426 23 8.9 65 100 3.2 112.9 67.5 436 6.2 3.0 60 1.4 130 140 23.9 454 2 32.5 2.5 21.6 460 2.1 9.0 64 8.8 3.3 125.3 73.7 45 9 6.2 3.5 6.4 1.5 145 13.8 27.8 516 -.6 34.4 2.5 21.8 489 2.2 9.7 69 9.6 3.3 144.1 85.2 503 7.2 3.0 6.8 1.6 172 14.7 35.0 58.9 -2.0 53 54 55 56 57 58 59 45.4 58 2.2 36 396 32.7 6.9 48.0 6.4 2.1 42 41.7 34.7 7.0 47.8 7.5 2.3 52 40.4 32.8 7.7 51.8 9.0 2.5 66 43.0 35.1 7.9 39 NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda. Chain-type quantity indexes for the series in this table are shown in table 7.13. See footnotes to table 5.14. 76 • August 2000 SURVEY OF CURRENT BUSINESS 6. Income and Employment by Industry, Table 6.1 C—National Income Without Capital Consumption Adjustment by Industry Group [Billions of dollars] Seasonally adjusted at annual rates Line National income without capital consumption adjustment. 6,206.4 Domestic industries Private industries . Agriculture, forestry, and fishing . Mining Construction 1997 1998 1999 7,439.2 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services . 2000 1999 1998 IV I 7,152.6 7,280.0 6,599.6 7,009.3 6,333.4 6,440.8 6,538.1 6,188.3 6,592.6 7,012.8 7,450.2 6,317.1 6,433.1 6,526.1 6,649.3 6,761.8 6,857.2 6,955.2 7,077.9 7,161.0 7,287.2 7,371.0 7,479.9 7,662.8 7,812.7 5,338.7 5,709.9 6,098.5 6,497.0 5,459.6 5,560.4 5,647.0 5,763.2 5,869.1 6,234.2 6,345.6 6,422.9 6,522.8 6,696.9 6,828.8 101.9 50.7 290.3 101.6 58.2 309.3 102.5 54.5 346.4 100.3 56.6 304.1 100.9 58.1 306.5 461.6 194.7 136.1 130.8 Wholesale trade Retail trade Finance, insurance, and real estate Services Government. 109.2 51.3 381.8 19 473.7 207.2 135.5 131.0 497.8 225.1 142.6 130.2 534.6 236.9 161.9 135.9 100.3 51.7 299.8 6,656.0 6,763.6 102.6 58.4 309.5 102.6 59.6 317.0 6,862.7 6,958.2 7,063.7 5,955.2 6,045.4 6,159.1 100.2 58.0 330.2 99.1 54.7 341.0 98.5 53.2 351.7 112.3 52.0 362.5 106.1 51.0 371.1 7,361.3 7,466.3 7,649.4 7,805.1 111.8 50.6 379.0 100.3 51.2 384.1 118.6 52.3 393.1 106.9 53.8 410.8 468.6 196.2 140.4 132.1 463.3 201.0 130.6 131.7 470.8 203.4 135.8 131.7 475.9 209.6 136.8 129.6 484.6 215.0 138.8 130.9 491.1 219.7 141.4 130.0 491.8 223.5 140.3 127.9 504.1 227.7 144.9 131.5 504.3 229.3 143.7 131.3 516.9 230.6 153.3 133.0 518.8 233.4 156.3 129.1 540.5 239.1 163.7 137.7 562.3 244.4 174.2 143.7 578.3 248.3 183.2 146.7 354.7 370.4 376.4 457.1 441.8 372.0 386.7 392.0 403.3 381.8 416.3 414.6 423.8 423.5 428.8 438.3 443.0 465.0 509.8 635.2 520.9 540.1 543.4 551.8 594.1 567.3 579.3 588.7 599.0 609.4 622.9 633.6 632.8 651.5 556.5 674.5 1,088.0 1,197.1 1,285.2 1,366.9 1,109.7 1,156.6 1,183.5 1,210.6 1,237.7 1,250.9 1,278.6 1,298.2 1,313.0 1,338.8 1,338.9 1,371.5 1,418.5 1,439.8 1,517.2 1,648.0 1,782.9 1,448.7 1,476.2 1,499.7 1,529.6 1,563.1 1,600.0 1,628.8 1,696.7 1,728.2 1,763.2 1,799.4 1,841.0 1,862.7 1,407.8 953.2 872.7 857.5 879.1 957.1 914.3 902.0 909.8 918.8 926.7 941.6 948.1 965.9 984.0 849.6 7.1 -5.5 -11.0 16.3 7.7 12.0 6.7 1.8 5.6 3.0 -14.2 -8.3 -7.2 - 9 . 7 -13.6 -13.4 - 7 . 7 18.1 NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 1997 1996 1,073.9 1,119.3 1,153.7 1,193.3 1,089.4 1,091.2 1,107.6 1,133.4 1,145.1 1,142.2 1,148.2 1,163.9 1,160.4 1,181.8 1,188.8 1,200.1 1,202.5 1,237.0 704.6 622.1 623.8 614.0 643.8 672.7 635.6 656.7 659.2 660.3 664.6 675.7 690.0 691.7 702.0 708.8 716.1 726.0 488.7 475.5 467.3 467.3 485.9 459.9 481.0 472.0 476.8 481.9 483.5 488.2 470.4 490.1 491.3 486.5 510.9 Manufacturing Durable goods Nondurable goods Rest of the world . 1996 August 2000 • SURVEY OF CURRENT BUSINESS Table 6.2C—Compensation of Employees by Industry Table 6.3C—Wage and Salary Accruals by Industry [Millions of dollars] [Millions of dollars] Line 1996 Compensation of employees Domestic industries Private industries Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining .' .'. Coal mining Oil and gas extraction Nonmetallic minerals, except fuels Construction Manufacturing Durable goods Lumber and wood products ; > Furniture and fixtures Stone, clay, and glass products Primary metal industries : Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products ..' Tobacco products '. Textile mill products ,; Apparel ana other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing' Water transportation Transportation by air 1 Pipelines, except natural gas , Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services and membership organizations Social services Membership organizations Other services2 Private households Government Federal General government Civilian Military3 Government enterprises State and local General government Education Other Government enterprises Rest of the world Receipts from the rest of the world Less: Payments to the rest of the world 4 Addenda: Households and institutions Nonfarm business 67 1997 4,395,585 4,651,280 4,400,135 4,656,151 3,550,510 3,773,522 39,815 42,881 16,576 17,563 23,239 25,318 35,245 33,365 3,190 3,202 5,653 5,736 21,429 19,670 4,973 4,757 208,199 822,405 852,365 508,042 529,924 25,817 24,805 16,535 15,682 23,487 22,820 36,042 35,852 61,786 59,626 103,632 110,141 85,705 80,905 58,375 58,037 49,100 45,627 48,777 47,211 14,159 13,845 314,363 322,441 62,478 61,472 2,928 2,900 18,878 18,623 19,855 20,195 33,383 32,978 64,088 61,849 70,667 67,418 9,772 9,721 37,755 36,524 2,637 2,683 285,015 299,385 156,530 163,507 15,652 15,752 10,053 10,495 58,494 62,099 7,873 8,349 48,637 49,875 971 969 14,850 15,968 75,252 82,157 56,822 62,592 18,430 19,565 53,233 53,721 288,768 307,479 398,276 426,010 351,798 377,552 87,566 82,740 29,516 25,330 79,430 72,063 78,125 75,441 34,456 32,424 47,750 44,526 20,709 19,274 1,122,869 1,211,716 39,609 38,117 25,441 24,167 220,399 256,124 32,091 30,089 12,458 12,050 20,220 17,976 40,283 36,934 365,617 378,558 62,903 55,150 57,563 54,500 99,414 94,666 50,415 47,894 46,772 161,195 175,017 12,035 12,009 849,625 263,231 266,816 211,001 213,247 124,935 127,331 86,066 85,916 52,230 53,569 586,394 615,813 548,416 576,759 290,650 307,530 257,766 269,229 37,978 39,054 -4,550 -4,871 1,802 1,756 6,673 6,306 348,558 363,230 3,275,584 3,485,352 1998 1999 4,984,194 5,299,765 4,989,375 5,305,152 4,075,046 4,351,977 46,493 49,947 18,675 27,818 19,446 30,501 34,461 36,036 2,956 5,569 22,234 5,277 243,014 895,122 560,865 27,252 17,840 24,782 36,745 64,619 117,372 91,567 61,774 52,454 51,731 14,729 334,257 64,923 2,706 18,843 19,441 33,880 67,467 74,657 10,173 39,614 2,553 319,633 175,713 17,047 11,189 66,240 8,780 54,141 985 17,331 88,796 66,455 22,341 55,124 332,226 454,854 421,812 94,243 37,865 92,618 85,098 36,084 53,256 22,648 1,325,856 42,560 26,962 302,015 34,408 13,317 21,799 43,664 395,515 68,037 62,382 106,435 54,995 51,440 194,782 13,980 914,329 270,094 215,071 129,515 85,556 55,023 644,235 603,836 323,824 280,012 40,399 -5,181 1,934 7,115 2,907 5,206 20,888 5,460 268,836 925,153 584,774 25,906 37,105 121,946 97,885 65,430 52,553 54,059 15,327 340,379 66,467 2,669 18,290 18,520 34,621 69,778 77,347 9,811 40,399 2,477 346,868 186,061 11,874 70,421 9,034 58,478 981 18,274 102,678 77,879 24,799 58,129 355,005 485,299 452,941 97,933 40,027 105,872 89,700 38,148 56,890 24,371 1,433,467 46,006 28,561 353,616 37,093 13,607 22,591 47,481 410,078 72,301 66,437 113,608 58,982 54,626 210,621 11,467 953,175 278,402 222,200 135,250 86,950 56,202 674,773 632,487 339,529 292,958 42,286 -5,387 2,208 7,595 Domestic industries Private industries Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining Coal mining , Oil and gas extraction Nonmetallic minerals, except fuels Construction Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products .. Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing ! Water transportation Transportation by air 1 Pipelines, except natural gas Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services and membership organizations Social services Membership organizations Other services2 Private households Government Federal General government Civilian Military3 Government enterprises State and local General government Education Other Government enterprises Rest of the world 401,727 385,149 3,766,644 4,029,292 1. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. 2. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 3. Includes Coast Guard. 4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. N O T E — Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). Line Wage and salary accruals Receipts from the rest of the world Less: Payments to the rest of the world 4 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 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 ^8 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 1996 1997 1998 77 1999 3,630,142 3,885,977 4,192,775 4,475,142 3,634,692 3,890,848 4,197,956 4,480,529 2,993,688 3,226,590 3,505,274 3,756,128 34,570 14,184 20,386 37,483 15,138 22,345 40,863 16,222 24,641 43,790 16,575 27,215 27,796 2,619 4,728 16,495 3,954 29,792 2,678 4,717 18,181 4,216 30,587 2,481 4,666 18,948 4,492 29,290 2,449 4,367 17,813 4,661 172,199 189,456 210,384 233,781 675,087 714,638 755,391 783,049 416,305 20,448 12,956 18,556 28,662 48,438 86,419 66,305 46,773 37,099 39,455 11,194 443,497 21,741 13,866 19,431 29,637 51,357 93,957 71,809 48,371 40,137 41,372 11,819 472,581 23,075 15,065 20,634 30,427 54,094 100,604 77,237 51,601 43,364 44,104 12,376 494,007 24,481 16,003 21,628 30,819 56,122 104,579 82,848 54,866 43,585 46,160 12,916 258,782 50,558 2,199 15,612 16,778 27,566 51,835 54,422 7,754 29,817 2,241 271,141 52,659 2,375 16,102 16,754 28,437 54,831 57,901 8,116 31,721 2,245 282,810 55,034 2,188 16,141 16,467 28,977 58,020 61,798 8,499 33,507 2,179 289,042 56,561 2,170 15,687 15,697 29,679 60,187 64,430 8,211 34,301 2,119 231,564 247,831 266,868 291,788 125,584 11,543 8,366 47,074 6,463 38,839 133,757 11,756 8,862 50,688 6,889 41,092 145,260 12,886 9,516 54,688 7,312 45,120 154,893 12,740 10,159 58,689 7,575 49,117 816 827 845 843 12,483 13,643 14,893 15,770 62,060 46,612 15,448 69,025 52,329 16,696 75,099 55,891 19,208 87,566 66,176 21,390 43,920 45,049 46,509 49,329 246,699 266,391 288,718 308,791 345,115 365,711 392,737 420,635 300,446 69,505 21,267 64,026 63,367 28,034 37,978 16,269 327,411 73,726 25,405 71,315 67,229 30,395 41,565 17,776 368,133 80,080 32,860 83,641 73,551 31,863 46,548 19,590 396,575 83,593 34,792 95,669 77,697 33,733 49,859 21,232 960,212 1,047,877 1,151,593 1,248,429 37,277 40,424 32,321 34,575 22,477 23,880 21,244 25,336 190,630 223,096 264,072 310,041 26,211 28,133 30,250 32,673 10,870 11,643 11,903 10,443 17,732 15,599 19,143 19,839 34,722 37,793 41,242 31,670 303,697 319,481 335,629 349,355 47,851 54,931 59,595 63,443 54,002 57,692 49,601 46,493 87,956 94,358 100,862 82,818 43,606 47,765 51,357 40,468 44,350 46,593 42,350 49,505 152,577 170,311 184,471 139,550 11,726 13,640 11,148 11,685 641,004 664,258 692,682 724,401 175,561 140,104 85,294 54,810 35,457 177,133 141,026 86,121 54,905 36,107 179,468 142,471 87,401 55,070 36,997 184,902 147,112 90,921 56,191 37,790 465,443 434,766 228,486 206,280 30,677 487,125 455,682 240,923 214,759 31,443 513,214 480,433 255,448 224,985 32,781 539,499 505,096 269,023 236,073 34,403 -4,550 -4,871 -5,181 -5,387 1,756 6,306 1,802 6,673 1,934 7,115 2,208 7,595 1. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. 2. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 3. Includes Coast Guard. 4. 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). 78 • August 2000 SURVEY OF CURRENT BUSINESS Table 6.4C—Full-Time and Part-Time Employees by Industry Table 6.5C.—Full-Time Equivalent Employees by Industry (Thousands] [Thousands] Line 1996 1997 1998 1999 127,009 130,118 133,433 136,363 Domestic industries 127,494 130,640 133,964 136,915 Domestic industries Private industries 105,559 108,587 111,684 114,358 Private industries 2,048 832 2,130 876 1,254 2,182 880 1,302 2,288 601 54 595 Full-time and part-time employees Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 1,216 582 54 99 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products , Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products 5,671 97 340 110 5,965 6,299 6,707 18,579 18,772 18,922 18,665 10,838 801 506 11,059 821 514 555 710 11,265 839 534 566 715 1,515 2,212 1,709 11,176 857 551 570 998 899 1,024 321 108 Construction 546 708 1,453 2,117 1,660 968 821 854 404 7,741 , 1,697 41 630 874 683 1,564 1,033 139 981 99 Transportation and public utilities 49 93 923 1,365 540 44 87 6,293 1,485 2,170 1,695 983 857 865 404 7,713 1,694 41 617 830 686 1,579 1,037 137 1,000 92 6,466 341 112 872 406 7,657 1,694 40 597 770 679 1,594 1,043 296 113 698 1,530 2,142 1,669 874 854 407 7,489 1,694 37 559 697 669 1,575 1,039 136 130 1,017 87 1,010 79 6,674 6,899 4,339 223 473 4,479 222 Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing> Water transportation Transportation by air l Pipelines, except natural gas Transportation services 4,063 223 440 1,659 177 1,119 14 431 4,175 220 457 1,709 182 185 1,140 14 453 1,198 13 470 491 1,846 187 1,245 13 475 Communications Telephone and telegraph Radio and television 1,348 1,420 1,003 417 1,475 1,556 1,044 1,109 447 936 412 Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services and membership organizations Social services Membership organizations Other services2 Private households Government Federal General government Civilian Military 3 ..".' Government enterprises State and local General government Education Other Government enterprises Rest of the world 4 431 882 871 860 864 6,560 6,750 6,917 22,256 22,636 7,257 2,033 574 630 23,003 7,001 23,583 7,723 2,053 7,053 2,017 514 , 1,777 581 1,505 746 1,442 248 36,517 1,794 1,318 7,485 1,205 389 539 1,590 9,813 1,064 2,113 4,759 2,515 2,244 3,202 1,246 1,526 767 1,481 246 38,010 1,833 1,326 8,147 1,248 389 569 1,664 10,038 1,084 2,183 4,951 2,622 2,329 3,345 1,233 7,536 2,047 662 681 1,575 787 1,534 250 710 111 1,609 795 1,571 258 39,556 1,874 1,340 8,780 40,952 1,276 1,331 391 618 1,783 10,349 1,138 2,350 5,350 2,861 2,489 3,641 1,251 395 593 1,726 10,217 1,112 2,272 5,155 2,751 2,404 3,536 1,280 1,936 1,365 9,449 Mining Metal mining Coal mining 01 and gas extraction Nonmetallic minerals, except fuels 1997 1998 1999 116,246 119,370 122,095 119,825 122,568 98,258 101,218 103,798 1,789 713 1,076 1,833 1,974 754 1,220 2,057 791 1,266 571 54 97 589 54 583 49 529 44 95 333 91 334 109 85 290 110 315 105 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 5,753 6,076 6,471 18,352 18,501 18,269 10,664 782 497 532 703 1,426 2,074 10,878 11,089 794 502 544 705 816 522 558 11,002 843 540 560 984 89 6,036 Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services 1,229 854 375 872 166 396 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 22,557 5,139 4,147 1,856 2,291 990 990 994 992 Federal General government Civilian Military4 Government enterprises 1,136 358 421 1,294 8,778 16,548 15,704 8,522 7,182 844 16,788 15,954 8,736 7,218 834 17,086 16,244 8,947 7,297 842 17,418 16,564 9,164 7,400 854 State and local General government Education Other Government enterprises ^522 -531 -552 Rest of the world 5 84 1,655 36 551 675 661 1,465 1,025 129 994 76 6,424 1,292 913 1,339 1,409 948 391 846 1,005 404 850 6,637 1,920 6,876 998 6,221 4,036 390 7,267 1,116 13 431 18,759 32,232 1,561 1,163 7,412 1,648 39 591 745 671 1,478 1,024 134 692 1,509 2,103 1,646 1,017 4,165 210 448 1,724 175 1,159 13 436 3,885 208 418 1,597 170 1,062 14 416 6,280 1,449 707 1,274 238 211 432 1,660 173 6,621 6,734 19,643 6,797 19,063 7,025 1,926 547 601 1,462 724 1,302 235 1,930 628 646 1,502 739 1,343 237 1,926 670 686 1,527 743 1,368 244 33,677 1,603 1,161 7,525 1,182 360 447 1,360 8,989 963 1,901 4,241 2,304 1,937 3,111 834 35,154 1,647 1,176 8,169 1,215 368 468 1,392 36,507 1,711 1,206 8,797 1,273 366 490 1,449 7,164 9,122 9,248 989 1,992 4,429 2,430 1,999 3,305 882 1,013 2,063 18,435 18,607 18,770 4,378 3,575 1,913 1,662 803 4,269 3,476 4,157 3,367 1,607 793 4,208 3,417 1,846 1,571 791 13,950 13,079 6,887 6,192 871 14,166 13,304 7,070 6,234 862 14,399 13,529 7,228 6,301 870 14,613 13,737 7,373 6,364 876 -416 -447 -455 -473 945 1,844 4,065 2,199 1,866 2,963 .., 135 18,383 Government 22,280 5,194 4,200 1,878 2,322 1,020 379 859 6,462 492 557 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 services3 Private households 974 965 95 1,043 14 710 1,491 2,177 1,689 849 851 387 7,474 1,651 40 611 804 675 1,465 3,783 211 402 1,551 Retail trade 1,461 2,136 1,675 7,504 1,654 40 624 846 677 1,444 1,021 138 Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing2 Water transportation Transportation by air 2 Pipelines, except natural gas Transportation services Wholesale trade 107 5,444 5,884 Transportation and public utilities 751 1,082 18,168 1,645 959 815 842 389 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 22,053 5,265 4,275 1,899 2,376 NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 1996 113,300 113,716 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 21,935 5,387 4,397 1,951 2,446 1. Reflects the ^classification of air couriers from trucking and warehousing to transportation by air. 2. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 3. Includes Coast Guard. 4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. Line Full-time equivalent employees1 1,869 4,609 2,539 2,070 3,420 862 1,818 1,549 790 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. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. 3. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 4. Includes Coast Guard. 5. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). SURVEY OF CURRENT BUSINESS Table 6.6C.—Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry [Thousands] Line Line Wage and salary accruals per full-time equivalent employee. Domestic industries Private industries Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels Construction Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products Transportation and public utilities Transportation Railroad transportation.. Local and interurban passenger transit Trucking and warehousing • Water transportation Transportation by air» ... Pipelines, except natural gas Transportation services. Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Depository institutions Nondepository institutions .. Security and commodity brokers Insurance carriers Insurance agents, brokers, and service 32,040 31,963 31,384 19,324 19,893 18,946 48,500 48,742 52,365 37,657 31,631 37,158 39,038 26,148 26,068 34,880 40,771 33,968 41,668 40,307 48,773 45,520 28,776 34,486 30,567 54,975 25,019 19,832 40,718 35,897 53,303 56,188 30,898 23,589 39,355 33,197 54,706 20,811 30,351 38,934 37,238 58,286 31,523 50,496 54,581 41,195 50,367 18,774 45,268 36,201 43,226 114,948 43,732 39,652 29,810 68,357 29,791 20,705 18,267 27,724 23,073 29,170 37,052 24,474 34,598 50,636 25,213 20,373 18,403 22,696 47,098 14,112 34,974 40,101 39,190 44,587 32,978 44,156 33,365 33,242 33,176 33,314 35,220 Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services . 1997 1998 1999 33,429 35,124 36,653 33,343 35,034 36,555 32,838 34,631 36,187 20,449 20,701 21,288 20,157 21,515 20,954 20,652 20,198 21,497 50,581 52,465 49,593 50,633 55,659 49,653 51,275 51,376 54,598 56,731 61,424 39,402 41,211 42,373 36,127 32,932 34,625 42,862 38,941 40,830 44,902 40,770 27,382 42,617 29,040 27,622 28,278 29,635 38,621 35,719 36,978 44,536 42,038 42,855 37,192 35,152 36,280 43,987 46,212 49,728 50,333 42,871 45,729 49,662 52,175 53,949 47,276 48,669 50,329 48,616 51,403 55,215 30,540 31,897 33,118 36,278 38,156 39,775 31,895 33,394 34,176 59,375 56,103 60,278 26,354 27,311 28,470 20,838 22,103 23,255 42,129 43,185 44,900 37,427 39,256 41,083 56,766 60,350 62,859 60,119 63,425 63,651 32,237 33,574 34,508 27,882 25,225 25,940 45,422 41,059 42,898 37,189 34,429 35,991 60,667 56,519 61,071 22,676 21,201 22,028 34,042 31,740 32,945 43,286 40,524 42,266 42,379 38,693 40,430 64,846 65,000 36,170 59,071 32,796 34,555 62,148 53,425 56,086 65,847 57,315 58,957 52,946 44,053 49,125 58,034 52,444 54,975 45,856 41,224 43,606 21,414 19,495 20,602 55,357 48,170 52,403 43,402 38,279 41,492 51,928 46,444 52,325 139,459 118,661 129,475 50,882 45,984 48,969 45,401 41,982 43,116 36,447 31,924 34,660 87,016 75,643 34,197 31,116 23,626 21,569 32,759 21,008 19,360 22,633 35,244 29,647 20,306 25,666 32,326 23,801 32,522 24,897 30,194 31,639 40,488 40,904 28,462 25,531 27,150 37,776 35,541 36,793 62,629 57,042 60,258 27,965 26,092 27,109 21,884 20,739 21,305 20,227 18,926 19,656 23,915 22,896 23,308 53,939 12,933 49,044 51,531 14,060 15,465 38,594 36,032 37,227 44,480 41,493 42,649 43,692 40,571 41,695 50,012 46,079 47,346 36,276 34,166 35,054 47,835 45,532 46,772 36,919 34,387 35,642 36,769 34,252 35,511 36,488 34,077 35,341 37,095 34,450 35,706 39,273 36,477 37,679 87 1. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. / 2. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 3. Includes Coast Guard. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 79 Table 6.7C—Self-Employed Persons by Industry Group [Dollars] 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 3 Military Government enterprises State and local General government Education Other Government enterprises Rest of the world August 2000 Self-employed persons' Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing .... Mining Construction Manufacturing Durable goods Nondurable goods Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services 1996 1997 1998 10,524 1,549 1,114 435 15 1,506 408 247 161 434 307 1,468 673 4,164 10,544 1,482 1,063 419 14 1,502 424 254 170 436 277 1,499 628 4,282 10,341 1,366 951 415 20 1,529 431 255 176 429 301 1,354 609 4,302 10,121 1,327 902 425 16 1,555 386 219 167 428 290 1,345 662 4,112 1. Consists of active proprietors or partners who devote a majority of their working hours to their unincorporated businesses. NOTE— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 80 SURVEY OF CURRENT BUSINESS August 2000 Table 6.8C—Persons Engaged in Production by Industry Table 6.9C—Hours Worked by Full-Time and Part-Time Employees by Industry Group [Thousands] Line Persons engaged in production' 1996 1997 [Millions of hours] 123,824 126,790 129,711 132,216 Domestic industries 124,240 127,237 130,166 132,689 Private industries 105,912 108,802 111,559 113,919 3,338 1,827 1,511 3,315 1,814 1,501 3,340 1,705 1,635 3,384 1,693 1,691 586 56 97 326 603 54 95 345 603 49 93 350 109 111 545 45 86 304 110 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 107 Construction Manufacturing 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 7,605 8,026 18,932 18,655 10,911 856 521 561 706 1,447 11,132 864 531 563 706 1,481 2,168 1,684 11,344 11,221 915 563 571 697 1,518 2,136 1,655 1,019 872 841 434 1,655 961 976 820 849 854 860 445 439 7,665 1,664 40 632 880 678 1,535 1,025 138 971 102 6,318 4,181 Transportation and public utilities Railroad transportation Local and interurban passenger transit . Trucking and warehousing2 Water transportation Transportation by air 2 Pipelines, except natural gas Transportation services 211 445 1,853 174 1,050 14 434 1,259 873 386 Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Wholesale trade Retail trade , 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 services3 Private households State and local General government Education Other 87 1,699 996 902 864 441 7,644 7,588 1,676 40 619 831 678 1,562 1,024 135 1,672 39 990 89 6,472 4,283 208 481 1,880 178 1,067 14 455 1,323 938 385 598 775 672 1,578 1,029 135 1,005 85 6,650 4,435 211 486 1,954 185 1,122 13 464 1,363 958 405 7,434 1,677 36 555 708 664 1,556 1,028 130 1,000 80 4,565 210 504 2,018 184 1,426 1,013 413 852 861 6,922 7,024 19,851 20,258 20,417 20,988 7,310 1,923 507 646 1,449 871 7,425 1,927 563 7,634 1,676 238 36,396 1,684 235 37,959 7,826 1,932 692 796 1,527 873 1,762 244 1,620 1,798 7,651 1,481 569 583 1,400 9,167 1,145 1,665 1,789 8,260 1,511 582 610 1,485 9,402 1,200 2,006 4,818 2,881 1,937 679 1,462 875 3,797 39,456 1,701 1,804 8,988 1,523 591 645 1,494 9,521 1,223 2,101 40,619 1,760 1,833 9,577 1,561 553 664 1,547 9,638 1,216 4,992 2,993 1,999 2,164 5,157 3,087 2,070 4,087 862 834 3,991 882 18,328 18,435 18,607 18,770 4,378 3,575 1,913 1,662 803 4,269 3,476 4,208 3,417 1,846 1,571 791 4,157 3,367 1,818 1,549 14,399 13,529 7,228 6,301 870 14,613 13,737 7,373 -416 1,869 1,607 793 14,166 13,304 7,070 6,234 862 -447 -455 790 6,364 876 -473 1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid family workers are not included. 2. Reflects the ^classification of air couriers from trucking and warehousing to transportation by air. 3. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 4. Includes Coast Guard. 5. 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). 1997 1998 1999 212,892 219,137 225,165 229,480 Domestic industries 213,881 220,201 226,247 230,605 Private industries 180,738 187,133 192,867 196,961 3,655 1,741 1,914 3,811 1,832 1,979 3,975 1,866 2,109 4,175 1,957 2,218 Hours worked by full-time and part-time employees .. Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Construction Manufacturing Durable goods Nondurable goods Transportation and public utilities Transportation Communications Electric, gas, and sanitary services 1,301 1,336 1,284 1,163 11,063 11,739 12,320 13,185 36,436 21,462 14,974 37,037 22,052 14,985 37,051 22,286 14,765 36,516 22,078 14,438 12,030 7,856 2,462 1,712 12,285 8,003 2,573 1,709 12,602 8,230 2,697 1,675 12,769 8,248 2,834 1,687 Wholesale trade 12,055 12,423 13,006 13,164 Retail trade 32,937 33,825 33,933 34,780 Finance, insurance, and real estate 12,066 12,715 13,156 13,421 Services 59,195 61,962 65,540 67,788 33,143 29,728 3,415 33,068 29,669 3,399 29,958 3,422 33,644 30,214 3,430 -1,064 -1,082 -1,125 Government General government Government enterprises Rest of the world ! 1. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). Table 6.10C—Employer Contributions for Social Insurance by Industry Group [Millions of dollars] 1,163 13 473 866 1,934 643 732 1,502 880 1,706 237 1996 6,852 6,739 13,950 13,079 6,887 6,192 871 Government enterprises . 711 1,512 2,212 878 1,962 Federal General government Civilian Military4 Government enterprises . 895 543 569 6,587 4,618 2,752 1,866 3,574 828 Government Rest of the world 5 7,255 18,776 2,096 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 s Petroleum and coal products Rubber and miscellaneous plastics products . Leather and leather products Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices 6,950 18,576 Line 1996 1997 1998 1999 1 275,425 289,918 305,902 323,596 Domestic industries 2 275,425 289,918 305,902 323,596 Private industries 3 233,535 246,845 261,257 276,747 Agriculture, forestry, and fishing 4 2,893 2,957 3,117 3,466 Mining 5 2,246 2,368 2,371 2,243 Construction 6 15,074 15,891 17,110 18,971 Manufacturing Durable goods Nondurable goods 7 8 9 54,524 33,751 20,773 56,593 35,197 21,396 58,181 36,381 21,800 59,477 37,490 21,987 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services 10 11 12 13 19,971 12,051 4,638 3,282 20,790 12,442 5,019 3,329 21,895 13,043 5,461 3,391 23,515 13,713 6,252 3,550 Wholesale trade 14 19,144 20,229 21,459 22,619 Retail trade 15 28,304 30,284 31,609 33,338 Finance, insurance, and real estate 16 21,467 23,303 25,544 27,357 Line Employer contributions for social insurance Services 17 69,912 74,430 79,971 85,761 Government 18 41,890 43,073 44,645 46,849 Rest of the world 19 NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). August 2000 • SURVEY OF CURRENT BUSINESS 81 Table 6.11C—Other Labor Income by Industry Group and by Type Table 6.12C—Nonfarm Proprietors' Income by Industry Group [Millions of dollars] [Millions of dollars] Line 1996 1997 490,018 475,385 485,517 501,027 Domestic industries 490,018 475,385 485,517 501,027 Private industries Other labor income Line By industry group Agricultural services, forestry, and fishing .. 323,287 300,087 308,515 319,102 Agriculture, forestry, and fishing 2,352 2,441 2,513 2,691 Mining 3,323 3,085 3,078 2,928 Construction * Manufacturing Durable goods Nondurable goods 1996 475,987 Nonfarm proprietors' income 1997 507,173 545,093 6,796 7,778 9,000 9,900 7,826 9,765 11,470 11,264 75,012 ...*....*.*•. 59,857 , 27,555 11,903 15,652 26,852 12,058 14,794 12,509 16,430 31,741 13,965 17,776 41,588 16,338 10,965 14,285 42,587 17,420 10,819 14,348 42,122 18,463 10,169 13,490 43,121 19,834 10,030 13,257 Construction 20,926 15,542 15,520 16,084 Manufacturing Durable goods Nondurable goods 92,794 57,986 34,808 81,134 51,230 29,904 81,550 51,903 29,647 82,627 53,277 29,350 Transportation and public utilities Transportation Communications 33,480 18,895 8,554 6,031 30,764 17,308 8,113 5,343 30,870 17,410 8,236 5,224 31,565 17,455 8,860 5,250 Wholesale trade 14,704 13,282 15,122 16,601 Retail trade 42,936 45,045 45,839 49,983 22,925 20,859 22,049 23,595 24,857 30,015 Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures ; Amusement and recreation services Health services Legal services Other l Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Services Government 29,885 30,508 31,326 28,135 29,009 92,745 89,409 94,292 99,277 166,731 175,298 177,002 181,925 487,485 472,717 482,568 498,021 177,985 71,306 106,679 36,622 26,876 43,181 178,011 68,002 110,009 38,550 26,670 44,789 172,652 64,266 108,386 39,137 26,293 42,956 169,622 60,405 109,217 40,174 26,569 42,474 309,500 267,156 257,159 294,706 309,916 328,399 255,402 272,237 292,002 244,629 260,796 280,203 Rest of the world By type Employer contributions to pension and welfare funds Pension and profit-sharing Private pension and profit-sharing Publicly administered government employee retirement plans Federal civilian' Federal military2 State and local Private welfare funds Group insurance Group health insurance Group life insurance : Workers' compensation Supplemental unemployment Other 3 9,997 39,798 2,546 10,773 37,071 2,233 11,441 35,599 2,080 34,460 2,533 2,668 2,949 3,006 370,301 217,442 152,859 747,048 398,702 238,509 160,193 795,113 425,347 255,205 170,142 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services Finance, insurance, and real estate .... Personal contributions to publicly administered State and local 78,412 87,135 245,028 2,875 18,145 61,076 10,988 5,937 4,046 10,347 50,587 41,499 39,528 262,131 3,110 18,492 65,833 11,498 6,461 4,521 10,601 53,386 45,221 43,008 NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 11,799 Table 6.13C—Noncorporate Capital Consumption Allowances by Industry Group 1,937 [Millions of dollars] 663,710 344,857 203,514 141,343 41,499 29,174 70,670 318,853 283,183 266,179 17,004 33,038 2,632 44,078 45,856 31,448 78,185 328,503 291,201 274,184 17,017 35,053 348,346 310,519 292,341 18,178 2,249 1,922 47,296 32,170 90,676 369,766 331,346 312,599 18,747 36,778 1,642 29,192 30,807 32,658 35,315 8,917 20,275 9,311 21,496 9,547 23,111 10,254 25,061 30,596 82,889 35,905 1. Consists of civil service, foreign service, Public Health Service officers, Tennessee Valley Authority, Thrift Savings Fund, and several small retirement programs. 2. Includes the Coast Guard. 3. Consists of judicial fees paid to jurors and to witnesses, compensation of prison inmates, and marriage fees paid to justices of the peace. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 73,807 226,162 2,230 16,126 56,701 9,523 4,853 4,044 6,816 50,272 39,275 36,322 1. Consists of educational services; social services; museums, botanical and zoological gardens; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and miscellaneous services, not elsewhere classified. Addenda: Benefits paid by pension and welfare funds Pension and profit-sharing Private pension and profit-sharing Publicly administered government employee retirement plans. Federal civilian ! Federal military2 State and local Private welfare funds Group insurance Group health insurance Group life insurance Workers' compensation Supplemental unemployment 61,408 213,317 2,707 14,863 50,520 9,931 4,942 5,192 7,442 50,526 36,268 30,926 1997 1998 211,374 230,048 247,158 265,912 17,726 15,403 2,324 18,942 16,338 2,604 20,363 17,409 2,954 21,566 18,366 Line Noncorporate capital consumption allowances Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 7,222 Mining 5,886 Construction 5,811 6,416 Manufacturing Durable goods Nondurable goods 8,610 5,315 3,296 9,875 6,108 3,767 11,533 4,442 7,091 12,825 5,104 7,721 18,710 5,353 10,034 3,322 21,987 6,257 12,247 3,483 23,607 8,180 12,290 3,137 25,090 8,839 12,917 3,333 Wholesale trade 1,760 2,295 2,254 2,578 Retail trade 8,165 8,460 8,578 9,061 Finance, insurance, and real estate Finance and insurance Real estate Owner-occupied nonfarm housing Other 114,261 2,782 111,479 48,805 62,674 121,547 3,607 117,941 51,978 65,963 130,520 4,294 126,226 55,428 70,797 140,347 4,487 135,860 60,075 75,785 Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Other 1 30,445 4,186 1,658 9,106 2,304 543 432 1,418 4,605 1,962 4,231 33,920 4.461 1,586 10,797 3,141 36,977 4,693 1,981 10,657 4,270 570 1,611 1,708 5,027 1,903 4,556 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services 6,658 490 430 1,577 4,797 1,925 4,714 7,259 1. Consists of educational services; social services; museums, botanical and zoological gardens; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 82 • August 2000 SURVEY OF CURRENT BUSINESS Table 6.14C—Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and Industry Group Table 6.15C—Net Interest by Industry Group [Millions of dollars] [Millions of dollars] Line Line 2,667 3,071 Inventory valuation adjustment to nonfarm incomes Corporate business -418 -152 5,370 5,790 -420 -631 -649 144 -526 1,013 -1,908 -203 -404 -75 -30 156 169 -13 46 -296 -505 Mining Construction Manufacturing Durable goods Nondurable goods 1996 1997 !...."...'"....."...!!.. Transportation and public utilities Transportation Communications Electric, gas, and sanitary services Wholesale trade Retail trade Other Noncorporate business Mining Construction Manufacturing Durable goods Nondurable goods Wholesale trade Retail Other 9,132 8,444 230 -22 2,854 1,947 907 1,009 624 254 131 2,918 1,282 173 688 32 -5 19 14 5 156 184 302 1998 1996 1997 1998 1999 1 386,277 423,880 482,737 507,130 2 464,506 522,639 584,561 624,150 Agriculture, forestry, and fishing 3 10,162 10,440 10,858 11,375 -463 Mining 4 1,913 1,926 3,244 3,719 -235 Construction 5 535 827 1,339 2,045 -2,303 837 -3,140 Manufacturing Durable goods Nondurable goods 6 7 8 42,576 6,913 35,664 44,906 7,826 37,080 51,670 13,611 38,059 55,063 13,692 41,371 1,414 858 394 162 -1,341 -1,453 280 -168 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services ... 9 10 11 12 43,745 6,419 14,678 22,649 46,435 6,940 16,533 22,961 51,729 7,563 20,181 23,984 56,755 8,476 22,198 26,081 5,467 -1,762 Wholesale trade 13 8,559 11,657 12,207 13,616 66 -3,254 Retail trade 14 15,946 16,640 16,740 18,885 -256 263 1,439 -1,447 76 -71 Finance, insurance, and real estate Finance Real estate . Other 15 16 17 18 325,696 -3,521 350,608 -21,391 371,796 25,052 368,586 -21,842 416,594 43,152 386,103 -12,662 436,703 36,274 413,013 -12,583 Net interest 18,412 16,973 445 77 9,760 6,184 3,576 -10,542 -9,095 23 -71 569 302 267 -276 -3 -273 374 -121 81 -506 316 -402 Domestic industries Services Rest of the world Receipts from the rest of the world Less: Payments to the rest of the world 19 15,373 18,013 20,182 25,989 20 -78,228 -98,759 -101,825 -117,021 21 22 103,181 181,409 120,063 218,822 135,794 237,619 134,367 251,388 NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). Table 6.16C.—Corporate Profits by Industry Group [Billions of dollars] Seasonally adjusted at annual rates 1996 1997 1998 1999 1996 754.0 833.8 815.0 856.0 775.8 798.5 825.6 858.3 852.7 824.5 814.0 818.0 803.4 852.0 653.2 723.1 711.5 744.6 665.5 694.1 710.8 743.8 743.6 714.6 705.5 724.5 701.4 744.8 144.1 509.1 167.5 555.6 151.1 560.4 156.1 588.5 135.7 529.8 159.6 534.5 166.1 544.7 169.9 573.9 174.3 569.2 159.3 555.3 154.6 550.9 147.7 576.8 142.9 558.5 158.1 586.6 100.9 110.7 103.5 111.4 110.3 104.4 114.7 114.5 109.1 109.9 108.6 93.5 102.0 140.6 39.8 159.4 48.7 147.7 44.2 169.3 57.9 151.4 41.2 155.0 50.6 161.9 47.2 166.5 52.0 154.2 45.1 153.3 43.4 154.0 45.5 136.9 43.4 146.5 729.4 800.8 775.1 813.9 748.1 768.1 793.3 824.7 817.3 786.2 774.4 777.8 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 628.6 690.2 185.7 23.4 162.3 504.5 195.2 94.0 5.8 16.3 13.8 22.8 4.0 31.2 101.2 24.1 31.3 15.9 29.9 85.0 19.3 25.8 39.9 49.2 63.9 111.2 671.6 164.8 24.7 140.1 506.8 177.4 85.4 6.5 17.2 17.6 10.6 4.4 29.1 92.0 22.7 30.4 7.4 31.4 83.9 23.0 23.4 37.6 56.4 76.6 112.6 702.5 172.0 25.8 146.2 530.4 181.6 92.2 2.6 18.3 22.8 12.3 6.9 29.4 89.4 21.9 29.9 5.4 32.2 88.4 23.0 26.9 38.4 56.7 81.5 122.3 637.8 156.0 22.1 133.9 481.8 185.7 88.8 5.1 15.7 13.0 22.8 1.1 31.0 96.9 24.6 23.5 16.7 32.2 93.6 15.2 38.4 40.0 50.2 52.9 99.4 663.7 678.5 179.4 22.7 156.8 484.3 182.6 86.8 4.7 15.7 10.7 22.0 3.6 30.2 95.8 22.1 28.1 16.7 28.9 84.6 18.6 25.7 40.4 48.1 62.3 106.8 184.9 23.2 161.7 493.6 192.7 93.1 5.6 15.6 13.7 22.8 2.2 33.2 99.6 23.3 30.9 15.0 30.4 86.6 19.1 27.1 40.5 47.5 59.9 107.0 710.2 187.6 23.6 163.9 522.6 207.9 105.3 6.7 17.1 15.9 25.4 7.6 32.7 102.6 23.2 33.5 15.6 30.3 83.8 19.7 25.7 38.5 51.9 65.7 113.3 708.2 190.7 24.1 166.6 517.5 197.5 90.8 6.2 16.9 15.0 21.0 2.8 28.9 106.7 27.7 32.7 16.3 30.1 84.9 19.8 24.9 40.3 49.5 67.9 117.6 676.3 165.3 21.8 143.5 463.3 181.2 87.0 5.4 14.4 15.0 20.2 3.7 28.4 94.2 21.6 25.5 13.3 33.7 91.4 15.6 35.2 40.6 42.6 52.9 95.2 173.7 24.6 149.1 502.6 177.1 79.2 7.2 14.4 11.5 12.6 4.8 28.7 97.9 23.5 32.3 10.7 31.4 85.7 21.6 25.3 38.9 53.2 73.7 112.8 168.0 24.6 143.3 497.9 175.1 79.7 6.2 16.3 17.2 9.9 2.1 27.9 95.4 24.5 27.0 10.8 33.2 82.5 23.2 23.3 35.9 57.5 75.5 107.3 Rest of the world 100.9 110.7 103.5 111.4 110.3 104.4 114.7 114.5 109.1 109.9 108.6 Line Corporate profits with inventory valuation and capital consumption adjustments. Domestic industries Financial Nonfinancial Rest of the world Receipts from the rest of the world Less: Payments to the rest of the world Corporate profits with inventory valuation adjustment. NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification. 1997 2000 842.0 893.2 936.3 730.8 730.1 772.7 807.4 144.7 586.0 150.9 579.1 170.6 602.0 174.6 632.8 107.3 106.0 111.9 120.5 128.9 154.7 164.4 58.5 176.4 64.5 181.7 61.2 194.8 66.0 762.2 809.1 795.6 799.3 851.5 895.7 684.3 161.1 24.8 136.3 523.2 184.5 88.0 6.0 20.3 19.4 8.7 3.3 30.3 96.4 28.3 29.8 6.3 32.0 87.6 24.1 25.1 38.5 60.5 77.0 113.6 660.2 160.5 24.9 135.5 529.2 184.8 94.0 2.9 18.5 23.0 10.6 8.0 31.0 90.8 25.5 31.4 3.3 30.7 79.7 22.8 23.8 33.1 58.0 84.8 121.9 687.4 167.2 25.6 141.5 520.2 179.8 90.0 2.0 18.0 22.9 13.3 5.5 28.3 89.9 25.3 26.9 7.2 30.5 88.6 22.6 26.7 39.3 54.3 75.4 122.1 731.0 187.3 28.1 159.1 543.8 173.0 92.6 2.2 16.7 24.5 14.3 5.7 29.2 80.4 14.1 25.3 7.1 34.0 101.4 24.9 32.6 43.8 59.2 81.9 128.3 766.8 78.2 14.6 32.4 2.0 29.1 80.0 23.2 19.7 37.1 54.3 80.0 116.6 701.8 173.2 24.6 148.7 528.6 188.8 92.3 3.3 19.8 20.6 11.0 8.3 29.3 96.5 22.7 36.3 3.9 33.6 83.8 21.7 24.6 37.5 55.2 84.0 116.8 93.5 102.0 107.3 106.0 111.9 120.5 128.9 156.5 24.7 131.8 503.7 172.8 94.6 6.4 17.7 22.3 11.0 7.5 29.7 191.9 29.6 162.3 574.9 193.7 94.7 4.8 18.5 20.8 16.1 6.2 28.3 99.0 21.0 32.7 10.4 34.8 101.9 22.6 35.2 44.1 61.2 90.2 127.9 SURVEY OF CURRENT BUSINESS Table 6.17C—Corporate Profits Before Tax by Industry 1996 1997 1998 726,345 792,396 758,172 Corporate profits before tax Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 2,950 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 8,124 1,358 1,592 -860 577 7,492 915 Construction 21,932 Manufacturing 175,789 3059 1,606 1,453 10,972 -336 4,355 3,184 2,376 1,204 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 81,184 3,138 2,963 4,390 4,846 14,184 11,860 18,640 3,750 6,996 6,927 3,490 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 94,605 22,178 1,791 2,150 2,420 8,457 11,891 25,838 14,531 5,068 281 100,261 23,800 Transportation and public utilities 3,104 314 192,312 92,051 3,154 3,509 6,697 6,069 16,808 12,217 21,933 3,955 7,212 6,059 4,438 32,758 36,229 167,600 183,909 79,189 91,366 88,411 5,794 11,805 31,433 14,964 5,588 448 83,991 82,532 89,700 18,639 1,287 490 5,483 22,148 24,470 662 5,168 932 8,334 772 1,501 683 1,430 Communications Telephone and telegraph Radio and television 35,012 34,562 25,570 25,012 450 558 Retail trade Finance, insurance, and real estate , Depository institutions Federal Reserve banks Commercial and mutual depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Other services Health services Legal services Educational services Other 1 Rest of the world 2 Receipts from the rest of the world Less: Payments to the rest of the world 4,590 11,689 5,980 1,087 91 31,654 13,352 12,513 Electric, gas, and sanitary services 13,404 46,315 50,905 58,455 76,512 84,784 195,658 180,922 190,752 106,853 23,383 83,470 22,144 11,349 23,593 4,628 5,691 21,400 61,000 57,155 27,015 15,477 3,044 677 7,817 61,055 2,727 2,866 24,726 1,292 1,208 -1,329 3,370 26,195 13,433 3,637 557 8,568 100,853 110,690 103,500 111,416 140,623 39,770 159,424 48,734 147,695 44,195 169,300 57,884 1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. 2. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from their incorporated foreign affiliates, their share of reinvested earnings of their incorporated foreign affiliates, and earnings of unincorporated foreign affiliates (line 75), net of corresponding payments (line 76). 8,028 1,018 704 842 2,270 Communications Telephone and telegraph Radio and television 62,648 N O T E — Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). Transportation and public utilities 36,299 38,589 54,806 1,236 -155 Manufacturing 26,641 39,782 2,439 Construction Wholesale trade 4,898 1,106 69 1,364 248 1,557 292 262 14,012 Finance, insurance, and real estate 79,131 Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Other services Health services Legal services Educational services Other 1 38,427 8,620 948 661 802 2,405 4,727 13,712 5,111 1,307 134 30,574 5,252 672 75 1,347 506 2,141 252 259 33,095 33,921 34,358 5,792 36,831 6,212 11,755 10,464 1,291 13,567 14,276 15,509 14,290 10,684 18,416 91,850 15,110 10,779 21,054 96,338 17,436 16,781 10,548 Retail trade Depository institutions Federal Reserve banks Commercial and mutual depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices 1997 237,199 244,609 255,896 223,645 237,199 244,609 255,896 729 736 653 675 488 499 248 176 1,379 1,539 2,284 124 131 189 202 944 1,619 282 332 3,171 4,782 4,099 3,311 67,209 70,608 65,734 76,071 34,309 37,644 32,639 33,288 791 634 912 1,018 1,425 1,955 1,616 1,944 3,671 4,097 5,627 5,998 9,817 11,417 3,193 3,857 3,036 2,614 3,006 2,926 1,215 1,184 22,966 41,588 56,453 2,544 2,327 20,679 368 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 1996 223,645 Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation : Transportation by air Pipelines, except natural gas Transportation services 37,418 171,827 99,677 21,784 77,893 22,356 5,121 28,529 4,453 3,369 8,322 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel ana other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products .. Leather and leather products 2,279 2,449 16,157 3,025 584 4,445 40,854 Domestic industries 92,543 1,701 92,023 Wholesale trade Corporate profits tax liability 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 Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas Transportation services Electric, gas, and sanitary services Line 822,976 9,790 25,696 [Millions of dollars] 1999 625,492 681,706 654,672 711,560 Domestic industries '. 83 Table 6.18C—Federal, State, and Local Corporate Profits Tax Liability by Industry [Millions of dollars] Line August 2000 • 44,517 20,083 24,434 4,959 4,798 19,193 911 1,796 2,957 12,246 730 367 4,915 305 165 339 834 4,591 3,017 215 126 1,233 15,537 84,684 47,344 20,659 26,685 5,375 5,862 20,277 1,092 1,901 2,833 13,894 1,161 625 6,221 301 199 350 1,535 3,502 1,711 207 116 1,468 Rest of the world 1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 84 • August 2000 SURVEY OF CURRENT BUSINESS Table 6.19C—Corporate Profits After Tax by Industry Table 6.20C—Net Corporate Dividend Payments by Industry [Millions of dollars] [Millions of dollars] Une Corporate profits after tax Domestic industries Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining Coalmining Oil and gas extraction Nonmetallic minerals, except fuels Construction Manufacturing Line 1996 1997 502,700 555,197 513,563 567,080 401,847 444,507 410,063 455,664 2,214 870 1,344 2,384 2,451 3,626 6,585 -984 388 8,688 -487 112 8,171 1,805 983 6,548 633 18,761 105,181 1,107 1,277 872 31,447 22,385 53,417 48,174 52,869 16,356 18,258 11,259 1,919 515 3,081 414 3,611 480 1,239 13,387 615 415 Communications 21,660 22,049 13,815 14,548 Telephone and telegraph Radio and television Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Depository institutions Federal Reserve banks Commercial and mutual depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Other services Health services Legal services Educational services Other 1 Rest of the world 2 Receipts from the rest of the world Less: Payments to the rest of the world 4,136 426 6,193 431 1,171 -389 -733 27,450 26,215 31,040 36,146 40,794 47,111 92,696 110,974 55,160 1,701 53,459 17,397 323 9,336 3,542 1,573 5,365 44,207 1,814 1,960 15,764 63 1,071 11,132 23,128 23,479 40,221 47,676 58,096 63,730 89,072 94,414 16,769 5,487 3,316 3,536 3,790 18,567 12,460 2,829 551 6,584 100,853 110,690 103,500 159,424 48,734 44,219 5,966 Construction Manufacturing Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas Transportation services Communications Telephone and telegraph Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Other services Health services Legal services Educational services Other 1 147,695 44,195 111,416 169,300 57,884 1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. 2. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from their incorporated foreign affiliates, their share of reinvested earnings of their incorporated foreign affiliates, and earnings of unincorporated foreign affiliates (line 75), net of corresponding payments (line 76). NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 4,620 Depository institutions Federal Reserve banks Commercial and mutual depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices 59,509 2,724 56,785 39,719 140,623 39,770 4,201 573 885 2,247 Radio and television 47,161 1,566 2,241 18,505 991 1,009 -1,679 1,835 22,693 11,722 3,430 441 7,100 -494 1,605 22,424 3,436 504 426 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 55,316 Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas Transportation services Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 58,622 61,834 15,180 753 1,618 1,647 3,389 7,078 17,721 9,853 4,281 314 328,922 4,018 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 58,306 14,150 773 1,446 1,578 6,187 7,301 14,149 8,551 3,981 190 370,704 312,397 3,806 58,078 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 351,491 2,526 1,662 864 46,550 46,875 2,347 2,051 2,965 3,230 10,513 6,233 8,823 557 3,960 3,921 2,275 257,325 1,838 1,014 824 116,700 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 1997 335,236 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 101,866 116,241 54,407 2,520 2,491 4,742 4,125 12,711 6,219 10,516 98 4,598 3,133 3,254 Transportation and public utilities Net corporate dividends Domestic industries 1996 297,711 Rest of the world Receipts from the rest of the world 2 Less; Payments to the rest of the world 3 1,893 613 496 7,786 11,153 68,331 22,167 1,400 557 1,293 1,446 4,407 428 5,080 3,185 1,446 1,643 1,282 75,497 25,787 1,689 1,178 1,387 1,455 4,740 415 5,905 4,152 1,151 1,500 2,215 46,164 14,797 -1,048 17,178 -1,604 991 1,068 3,666 49,710 13,142 14,865 77,546 77,837 29,146 31,593 48,400 46,244 793 94 846 3,045 4,960 16,089 6,570 1,665 168 47,306 44,685 36,706 38,373 5,956 5,537 1,323 136 1,936 333 468 326 1,015 5,084 4,730 21,964 19,847 2,117 17,184 16,455 17,475 15,167 16,168 16,076 21,152 24,296 5,621 16,324 3,242 1,409 1,579 125 1,751 488 442 403 1,168 22,300 20,868 1,432 19,050 15,371 16,925 68,157 28,808 256 28,552 4,277 3,104 13,932 3,372 8,380 6,284 18,924 22,371 28,003 78,503 97,203 100,756 35,851 34,808 26,023 300 25,723 4,488 3,550 18,327 2,887 10,570 12,658 28,175 935 32,295 1,369 972 1,397 10,944 10,263 657 350 1,073 992 11,300 478 765 2,738 13,612 4,989 5,759 1,156 253 4,902 1,202 560 6,091 40,386 51,376 39,094 41,782 68,975 28,589 83,341 31,965 79,212 40,118 76,297 34,515 2,625 1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. 2. Consists of (1) receipts by U.S. residents of dividends from foreign corporations, plus (2) earnings distributed by unincorporated foreign affiliates to their U.S. parents. 3. Consists of (1) payments by U.S. corporations of dividends to foreign residents, plus (2) earnings distributed by unincorporated U.S. affiliates to their foreign parents. NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). August 2000 SURVEY OF CURRENT BUSINESS Table 6.22C—Corporate Capital Consumption Allowances by Industry Table 6.21 C—Undistributed Corporate Profits by Industry [Millions of dollars] [Millions of dollars] Line 1996 1997 1998 219,961 162,072 196,376 144,522 160,647 97,666 126,742 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 376 -144 520 -142 -555 413 -1,355 -392 Mining : Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 3,149 -5,815 -4,983 -1,488 -<38 4,487 -1,040 -773 4,655 5,924 20 376 15,517 16,582 Construction 10,975 11,232 36,850 24,708 947 1,494 1,672 1,784 6,106 5,805 3,743 -2,628 2,514 2,278 40,744 28,620 831 1,313 3,355 2,670 7,971 5,804 4,611 -4,054 3,447 1,633 1,039 12,142 Line 1999 204,989 Undistributed corporate profits Domestic industries Corporate capital consumption allowances . Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels Manufacturing 38,863 17,404 26,485 6,916 12,378 5,309 2,572 96 12,124 -1,998 2,357 825 801 344 2,118 1,632 3,283 2,616 146 36 13,063 8,732 11,468 14,496 Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas Transportation services 37 38 39 40 41 42 43 44 5,303 340 390 7,850 .11,272 13,528 Communications Telephone and telegraph Radio and television 45 46 47 -640 -7,765 -6,343 1,181 -1,821 -6,149 -5,299 -2,850 Electric, gas, and sanitary services 48 8,400 9,031 7,961 7,311 Wholesale trade 49 15,669 20,070 19,069 23,380 Retail trade Retail trade 50 23,869 28,187 35,725 35,727 Finance, insurance, and real estate .... 24,539 32,471 -8,131 -6,342 26,352 1,445 33,486 2,424 31,062 12,281 1,937 -15,011 649 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 13 14 15 16 17 18 19 20 21 22 23 24 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 25 26 27 28 29 30 Finance, insurance, and real estate Depository institutions Federal Reserve banks Commercial and mutual depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services , Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Other services Health services Legal services Educational services Other 1 Rest of the world Receipts from the rest of the world 2 Less: Payments to the rest of the world 3 31 . 32 33 34 35 -647 1,821 455 510 2,521 1,680 -2,175 1,330 -74 3,169 77 71 24,907 13,120 -2,781 -4,596 170 -6,807 -919 -708 279 2,200 93 5,725 105 156 -6,780 5,909 3,868 879 988 1,682 197 844 7,561 -1 531 -2,444 -903 9,081 5,963 2,228 -119 1,009 60,467 59,314 64,406 71,648 76,083 16,769 68,483 4,077 -594 721 -1,020 11,124 7,471 1,673 298 11,181 9,411 Communications Telephone and telegraph . Radio and television Wholesale trade ; ;... Depository institutions ; Federal Reserve banks Commercial and mutual depository institutions . Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate : Holding and other investment offices Services , Hotels and other lodging places Personal services Business services '. Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Other services Health services Legal services Educational services Other1 1999 614,456 664,158 719,007 5,043 3,308 1,735 6,000 6,394 11,257 1,276 1,212 7,089 1,680 12,570 13,788 13,436 14,807 15,808 216,981 225,616 244,068 128,025 4,079 1,503 4,439 7,018 8,227 11,541 34,147 41,443 7,290 5,561 2,777 136,562 148,223 88,956 14,545 2,181 2,881 1,415 9,996 5,596 24,545 22,445 5,126 226 89,054 95,845 111,809 116,137 29,912 31,291 4,576 4,789 1,161 852 10,570 10,823 1,598 1,577 9,725 10,769 59 131 2,305 2,268 45,052 48,844 38,555 42,057 6,787 6,497 36,845 36,002 46,827 50,946 40,077 43,303 70,050 81,446 34,671 41,655 256 256 122,270 131,404 33,738 35,610 53,326 57,460 35,206 38,334 87,597 16,053 2,039 2,867 1,501 9,096 5,343 23,389 22,493 4,604 212 34,415 6,696 2,604 13,825 1,029 8,641 2,584 67,462 4,294 1,775 29,417 12,427 809 787 2,566 15,387 7,741 834 513 6,299 53,566 56,828 47,736 52,325 96,208 106,303 41,399 7,816 3,350 14,960 1,130 8,809 3,726 75,907 6,051 1,941 33,408 11,723 851 374 4,455 17,105 8,861 85,385 92,089 871 492 6,880 1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. 93,003 1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified. 2. Consists of receipts by all U.S. residents of their share of the reinvested earnings of their incorporated foreign affiliates and reinvested earnings of their unincorporated foreign affiliates. 3. Consists of payments to foreign residents of their share of the reinvested earnings of their incorporated U.S. affiliates and reinvested earnings of their unincorporated U.S. affiliates. N O T E — Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). :.... Electric, gas, and sanitary services .... 14,866 -1,567 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 16,032 5,501 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 equipment1 Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Transportation ...„ Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas Transportation services 1996 1997 1998 568,072 4,939 3,198 1,741 1,373 1,216 5,636 1,635 12,064 204,984 117,387 3,898 1,286 3,803 6,707 8,004 10,296 30,230 36,813 7,334 6,088 2,928 Construction 24,320 Manufacturing Transportation and public utilities 85 NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 86 • August 2000 SURVEY OF CURRENT BUSINESS 7. Quantity and Price Indexes^ Table 7.1 .—Quantity and Price Indexes for Gross Domestic Product [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1998 1999 1996 IV 1997 2000 1999 1998 I II III IV I II III IV I II III IV I II Gross domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1 2 3 4 100.00 100.00 100.00 100.00 106.47 104.43 101.95 101.95 112.50 108.99 103.23 103.22 119.02 113.60 104.77 104.77 102.15 101.51 100.63 100.63 103.98 102.60 101.36 101.34 105.97 104.08 101.82 101.82 107.39 105.16 102.12 102.12 108.52 105.88 102.49 102.49 110.52 107.57 102.75 102.74 111.63 108.35 103.04 103.03 113.00 109.27 103.42 103.41 114.87 110.77 103.69 103.70 116.53 111.73 104.25 104.29 117.64 112.42 104.63 104.65 119.55 113.98 104.90 104.89 122.35 116.27 105.31 105.24 124.82 117.65 106.17 106.10 127.19 119.14 106.83 106.75 Personal consumption expenditures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 5 6 7 8 100.00 100.00 100.00 100.00 105.57 103.56 101.94 101.94 111.71 108.42 103.03 103.03 119.69 114.15 104.85 104.85 101.92 101.04 100.87 100.87 103.67 102.16 101.49 101.48 104.45 102.64 101.77 101.77 106.46 104.29 102.09 102.08 107.70 105.15 102.43 102.42 109.07 106.39 102.52 102.52 110.96 107.91 102.83 102.83 112.52 109.04 103.20 103.19 114.29 110.35 103.58 103.57 116.38 111.89 104.02 104.01 118.63 113.42 104.60 104.59 120.67 114.82 105.10 105.09 123.08 116.49 105.67 105.66 126.43 118.63 106.58 106.57 128.09 119.52 107.19 107.18 Durable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 9 10 11 12 100.00 100.00 100.00 100.00 104.23 106.63 97.75 97.75 112.56 117.97 95.42 95.41 123.49 132.65 93.09 93.09 100.82 101.50 99.32 99.33 103.02 104.06 98.99 99.00 101.29 103.25 98.08 98.10 105.82 108.77 97.27 97.29 106.78 110.45 96.65 96.68 108.76 112.96 96.26 96.28 111.81 116.69 95.79 95.82 112.34 117.88 95.28 95.30 117.34 124.36 94.34 94.36 119.05 126.96 93.76 93.77 122.68 131.47 93.30 93.31 124.46 134.01 92.86 92.87 127.75 138.17 92.44 92.46 134.03 145.70 91.98 91.99 132.50 144.28 91.82 91.84 Nondurable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator , 13 14 15 16 100.00 100.00 100.00 100.00 104.29 102.91 101.34 101.34 108.48 107.04 101.35 101.35 117.24 113.05 103.71 103.71 102.18 101.26 100.92 100.91 103.35 102.00 101.33 101.32 103.38 102.17 101.18 101.18 105.02 103.67 101.31 101.31 105.40 103.81 101.53 101.53 106.25 105.00 101.19 101.19 107.67 106.50 101.10 101.10 109.14 107.63 101.41 101.40 110.87 109.02 101.71 101.71 113.49 111.08 102.18 102.17 115.96 112.13 103.43 103.42 118.17 113.47 104.15 104.14 121.36 115.50 105.09 105.07 124.77 117.20 106.48 106.46 126.91 118.22 107.37 107.35 Services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 17 18 19 20 100.00 100.00 100.00 100.00 106.51 103.28 103.12 103.12 113.21 107.30 105.50 105.50 120.18 111.29 107.99 107.99 102.00 100.83 101.17 101.16 103.97 101.86 102.08 102.07 105.65 102.75 102.83 102.83 107.33 103.73 103.48 103.47 109.07 104.79 104.09 104.08 110.59 105.83 104.51 104.50 112.48 106.93 105.20 105.19 114.31 108.05 105.80 105.79 115.44 108.40 106.51 106.50 117.33 109.48 107.18 107.17 119.18 110.71 107.66 107.65 121.19 111.95 108.26 108.26 123.02 113.00 108.88 108.87 125.75 114.45 109.88 109.88 127.82 115.64 110.53 110.53 21 22 23 24 100.00 100.00 100.00 100.00 111.90 112.12 99.80 99.80 124.72 126.08 98.93 98.92 132.79 134.36 98.84 98.83 103.35 103.30 100.02 100.05 106.56 106.66 99.94 99.91 112.47 112.71 99.78 99.79 113.12 113.35 99.77 99.80 115.43 115.76 99.71 99.72 123.29 124.34 99.23 99.16 122.63 123.99 98.93 98.91 124.97 126.45 98.81 98.83 128.01 129.55 98.74 98.81 129.54 130.62 98.94 99.18 129.39 130.61 98.90 99.06 133.51 135.25 98.76 98.71 138.71 140.95 98.76 98.41 141.28 142.72 99.32 98.99 148.78 149.74 99.69 99.36 Chain-type price index Implicit price deflator 25 26 27 28 100.00 100.00 100.00 100.00 109.48 109.56 99.93 99.93 121.46 122.48 99.17 99.17 132.50 133.70 99.10 99.10 103.15 103.10 100.05 100.05 105.18 105.17 100.00 100.01 108.02 108.11 99.91 99.92 111.80 111.88 99.93 99.93 112.92 113.08 99.86 99.86 117.07 117.70 99.46 99.46 120.84 121.84 99.17 99.18 122.24 123.39 99.06 99.07 125.68 126.97 98.98 98.99 128.69 129.80 99.14 99.15 131.39 132.53 99.14 99.14 133.78 135.05 99.06 99.06 136.14 137.43 99.07 99.07 142.31 142.73 99.71 99.70 148.03 147.90 100.10 100.09 Nonresidential: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 29 30 31 32 100.00 100.00 100.00 100.00 111.12 112.22 99.02 99.02 123.13 126.78 97.13 97.13 133.76 139.56 95.84 95.84 103.81 104.09 99.71 99.72 106.24 106.82 99.44 99.46 109.43 110.37 99.14 99.16 114.07 115.29 98.93 98.94 114.72 116.41 98.55 98.55 119.30 121.85 97.90 97.91 122.94 126.35 97.29 97.31 123.47 127.45 96.86 96.88 126.82 131.45 96.46 96.48 129.56 134.47 96.34 96.35 132.08 137.59 95.99 96.00 135.28 141.47 95.62 95.62 138.11 144.73 95.42 95.42 145.48 151.79 95.84 95.84 152.50 158.57 96.16 96.17 Structures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 33 34 35 36 100.00 100.00 100.00 100.00 113.68 109.07 104.23 104.23 125.89 116.88 107.71 107.71 126.96 115.22 110.19 110.19 106.80 105.49 101.28 101.24 109.75 107.15 102.47 102.43 110.11 106.35 103.56 103.53 115.81 110.45 104.89 104.86 119.05 112.32 106.02 105.99 122.28 114.47 106.84 106.82 127.26 118.30 107.58 107.57 126.18 116.89 107.95 107.94 127.84 117.85 108.47 108.47 127.65 116.85 109.25 109.25 126.11 115.01 109.65 109.65 125.00 113.18 110.44 110.44 129.07 115.83 111.42 111.43 137.30 121.80 112.72 112.73 142.70 125.59 113.62 113.63 Equipment and software: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 37 38 39 40 100.00 100.00 100.00 100.00 110.26 113.30 97.32 97.32 122.22 130.33 93.78 93.78 136.03 148.74 91.46 91.46 102.81 103.61 99.19 99.22 105.06 106.69 98.44 98.47 109.21 111.75 97.69 97.72 113.49 116.97 97.00 97.03 113.27 117.79 96.14 96.16 118.31 124.46 95.04 95.06 121.50 129.19 94.03 94.05 122.56 131.25 93.36 93.38 126.49 136.41 92.69 92.72 130.20 140.98 92.32 92.35 134.07 146.05 91.77 91.80 138.71 152.21 91.11 91.13 141.12 155.70 90.62 90.64 148.21 163.16 90.82 90.84 155.77 171.14 91.00 91.02 Residential: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 41 42 43 44 100.00 100.00 100.00 100.00 104.78 102.04 102.68 102.68 116.65 110.47 105.59 105.59 128.89 117.56 109.64 109.64 101.26 100.24 101.03 101.02 102.13 100.47 101.66 101.66 103.98 101.73 102.22 102.22 105.28 102.26 102.96 102.95 107.73 103.71 103.89 103.87 110.66 106.12 104.31 104.28 114.79 109.30 105.06 105.02 118.72 112.02 106.01 105.98 122.40 114.45 106.98 106.95 126.19 116.73 108.11 108.10 129.40 118.41 109.28 109.28 129.48 117.48 110.21 110.22 130.50 117.63 110.94 110.94 133.21 118.56 112.36 112.36 135.22 119.69 112.97 112.97 Exports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 45 46 47 48 100.00 100.00 100.00 100.00 110.55 112.27 98.47 98.47 110.50 114.80 96.26 96.26 113.27 118.17 95.86 95.86 104.45 105.64 98.85 98.88 106.14 107.57 98.66 98.67 110.59 112.02 98.72 98.73 113.10 114.87 98.46 98.46 112.38 114.63 98.04 98.04 111.54 114.91 97.06 97.06 110.14 114.03 96.59 96.59 108.42 113.11 95.85 95.85 111.91 117.15 95.53 95.52 109.51 114.77 95.42 95.41 111.30 116.41 95.62 95.61 114.34 119.27 95.88 95.87 117.94 122.22 96.51 96.50 120.34 124.10 96.98 96.97 123.03 126.31 97.41 97.40 Exports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 49 50 51 52 100.00 100.00 100.00 100.00 111.41 114.51 97.29 97.29 110.28 117.01 94.25 94.25 113.07 121.63 92.96 92.96 103.34 105.39 98.01 98.05 106.44 108.80 97.81 97.84 111.34 114.13 97.55 97.56 114.28 117.53 97.23 97.24 113.56 117.58 96.58 96.58 112.05 117.39 95.44 95.45 109.28 115.38 94.71 94.71 108.07 115.33 93.70 93.70 111.72 119.92 93.17 93.17 108.55 116.93 92.84 92.84 110.30 118.97 92.72 92.71 114.63 123.45 92.87 92.86 118.78 127.18 93.41 93.40 120.88 129.06 93.68 93.67 124.36 132.27 94.03 94.02 Exports of services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 53 54 55 56 100.00 100.00 100.00 100.00 108.50 106.98 101.42 101.41 111.04 109.58 101.34 101.34 113.77 110.14 103.30 103.30 107.15 106.21 100.90 100.88 105.41 104.64 100.75 100.74 108.79 107.02 101.66 101.65 110.25 108.59 101.53 101.53 109.53 107.67 101.72 101.72 110.31 109.04 101.17 101.16 112.23 110.74 101.34 101.34 109.28 107.86 101.32 101.32 112.36 110.67 101.53 101.53 111.82 109.61 102.02 102.01 113.74 110.36 103.06 103.06 113.64 109.67 103.62 103.62 115.90 110.92 104.50 104.49 119.01 112.79 105.52 105.52 119.82 112.85 106.18 106.18 Imports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 57 58 59 60 100.00 100.00 100.00 100.00 109.62 113.67 96.44 96.44 116.03 127.15 91.26 91.25 129.19 140.72 91.80 91.80 103.08 103.63 99.43 99.47 105.60 107.39 98.28 98.33 108.16 112.11 96.43 96.47 111.85 116.68 95.82 95.87 112.86 118.49 95.21 95.24 113.44 122.50 92.57 92.61 115.73 126.32 91.59 91.62 115.81 128.01 90.45 90.47 119.12 131.76 90.41 90.41 119.75 133.22 89.92 89.89 125.99 138.32 91.13 91.08 132.90 143.82 92.47 92.41 138.11 147.53 93.68 93.61 144.02 151.76 94.97 94.90 149.72 157.85 94.92 94.85 Imports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 61 62 63 64 100.00 100.00 100.00 100.00 109.49 114.20 95.88 95.88 115.11 127.67 90.16 90.16 129.72 143.64 90.31 90.31 103.21 104.00 99.18 99.24 105.44 107.58 97.95 98.01 108.18 112.95 95.73 95.78 111.73 117.27 95.23 95.27 112.61 119.00 94.60 94.64 112.81 122.72 91.88 91.93 114.96 126.90 90.55 90.59 114.56 128.34 89.24 89.26 118.11 132.73 88.98 88.99 119.37 135.01 88.45 88.42 126.23 141.02 89.57 89.51 133.82 147.28 90.93 90.86 139.46 151.23 92.30 92.22 145.49 155.29 93.77 93.69 151.55 161.51 93.92 93.84 Imports of services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 65 66 67 68 100.00 100.00 100.00 100.00 110.28 110.94 99.41 99.41 120.81 124.42 97.09 97.09 126.39 126.54 99.89 99.89 102.40 101.65 100.74 100.74 106.44 106.39 100.03 100.05 108.05 107.86 100.15 100.18 112.51 113.61 99.00 99.03 114.12 115.89 98.45 98.47 116.70 121.30 96.20 96.21 119.79 123.29 97.17 97.17 122.34 126.21 96.94 96.93 124.39 126.89 98.05 98.03 121.72 124.36 97.89 97.87 124.69 125.13 99.66 99.64 128.11 127.05 100.85 100.84 131.05 129.59 101.14 101.12 136.32 134.66 101.25 101.24 140.16 140.09 100.07 100.05 Gross private domestic investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Fixed investment: Current dollars Chain-type quantity index See note at the end of the table. SURVEY OF CURRENT BUSINESS August 2000 • 87 Table 7.1.--Quantity and Price indexes for Gross Domestic Product—Continued [Index numbers, 1996=100] Seasonally adjusted 1997 1996 1997 100.00 100.00 100.00 100.00 104.64 102.35 102.23 102.23 108.37 104.53 103.67 103.67 114.94 108.03 106.41 106.40 101.19 100.61 100.58 100.58 102.62 100.89 101.72 101.72 104.53 102.47 102.01 102.01 105.35 103.02 102.26 102.26 106.06 103.05 102.93 102.92 106.02 102.79 103.15 103.14 108.20 104.62 103.43 103.42 109.03 104.99 103.85 103.84 110.21 105.72 104.26 104.25 112.20 106.69 105.18 105.17 113.29 106.89 106.00 105.99 115.51 108.14 106.82 106.81 118.77 110.38 107.62 107.61 120.29 110.07 109.30 109.28 122.79 111.69 109.95 109.94 100.00 100.00 100.00 100.00 101.24 99.62 101.63 101.63 101.69 99.12 102.60 102.60 106.96 101.61 105.27 105.27 99.26 100.35 100.34 99.54 98.15 101.42 101.42 102.22 100.60 101.60 101.61 101.84 100.34 101.49 101.50 101.37 99.39 102.00 101.99 99.32 97.04 102.36 102.35 102.50 100.04 102.47 102.47 101.84 99.24 102.63 102.63 103.09 100.15 102.94 102.94 104.24 99.60 104.68 104.66 105.02 100.09 104.95 104.93 107.30 101.77 105.45 105.43 111.28 104.98 106.02 106.00 109.12 101.04 108.01 108.00 113.76 105.18 108.17 108.15 National defense: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 100.00 100.00 100.00 100.00 98.77 97.40 101.41 101.41 97.80 95.70 102.20 102.20 102.25 97.62 104.75 104.75 99.44 98.95 100.49 100.49 97.02 95.70 101.38 101.39 99.43 98.12 101.33 101.33 99.37 98.15 101.23 101.24 99.28 97.61 101.71 101.70 94.86 92.99 102.02 102.01 97.83 95.90 102.01 102.01 99.43 97.25 102.24 102.24 99.09 96.66 102.51 102.51 99.86 95.90 104.14 104.12 99.52 95.33 104.42 104.39 102.95 98.14 104.92 104.90 106.67 101.09 105.54 105.51 102.68 95.65 107.35 107.34 107.07 99.53 107.58 107.57 Nondefense: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 100.00 100.00 100.00 100.00 106.29 104.15 102.06 102.06 109.64 106.06 103.38 103.37 116.59 109.72 106.27 106.27 99.93 99.87 100.06 100.06 104.70 103.15 101.51 101.50 107.93 105.66 102.14 102.15 106.88 104.78 102.00 102.01 105.66 103.01 102.58 102.57 105.28 103.02 103.01 112.06 108.43 103.35 103.35 106.78 103.30 103.37 103.37 111.26 107.23 103.76 103:76 113.20 107.12 105.70 105.68 116.28 109.74 105.97 105.96 116.17 109.14 106.45 106.44 120.72 112.88 106.95 106.94 122.29 111.95 109.26 109.24 127.44 116.63 109.28 109.27 100.00 100.00 100.00 100.00 106.67 103.98 102.58 102.58 112.35 107.74 104.28 104.28 119.71 111.82 107.06 107.05 102.14 101.42 100.72 100.71 104.45 102.52 101.90 101.89 105.90 103.57 102.25 102.25 107.44 104.61 102,71 102.71 108.86 105.22 103.47 103.46 110.02 106.20 103.61 103.60 111.60 107.34 103.98 103.97 113.32 108.39 104.55 104.54 114.47 109.02 105.00 105.00 116.96 110.88 105.49 105.48 118.22 110.91 106.61 106.60 120.41 111.91 107.60 107.59 123.24 113.57 108.52 108.51 126.96 115.40 110.03 110.02 128.18 115.54 110.95 110.94 Line Government consumption expenditures and gross investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Federal: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator State and local: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1996 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- 2000 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. Tabie 7.2.—Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases [Index numbers, 1996=100] 1999 1996 112.50 108.99 103.23 103.22 119.02 113.60 104.77 104.77 102.15 101.51 100.63 100.63 103.98 102.60 101.36 101.34 105.97 104.08 101.82 101.82 107.39 105.16 102.12 102.12 108.52 105.88 102.49 102.49 110.52 107.57 102.75 102.74 111.63 108.35 103.04 103.03 113.00 109.27 103.42 103.41 114.87 110.77 103.69 103.70 116.53 111.73 104.25 104.29 117.64 112.42 104.63 104.65 119.55 113.98 104.90 104.89 122.35 116.27 105.31 105.24 124.82 117.65 106.17 106.10 127.19 119.14 106.83 106.75 106.07 104.01 101.98 101.98 111.95 108.38 103.30 103.30 118.92 113.41 104.86 104.86 102.12 101.47 100.64 100.64 103.75 102.35 101.37 101.37 105.25 103.34 101.86 101.85 107.17 104.90 102.16 102.16 108.10 105.44 102.53 102.53 109.50 106.50 102.82 102.81 111.31 107.96 103.11 103.10 112.53 108.74 103.49 103.49 114.46 110.30 103.77 103.77 116.34 111.53 104.33 104.32 117.91 112.61 104.71 104.70 119.54 113.86 105.00 104.99 121.89 115.64 105.41 105.40 124.92 117.54 106.29 106.28 126.99 118.75 106.95 106.94 100.00 100.00 100.00 100.00 106.40 104.68 101.64 101.64 113.16 110.45 102.45 102.45 120.89 116.16 104.08 104.08 102.01 101.32 100.68 100.68 103.94 102.64 101.28 101.27 105.73 104.18 101.49 101.49 107.31 105.47 101.74 101.74 108.62 106.42 102.07 102.07 110.76 108.52 102.08 102.07 112.30 109.80 102.28 102.27 113.85 111.00 102.57 102.57 115.71 112.48 102.87 102.88 117.70 113.85 103.35 103.38 119.36 114.90 103.86 103.88 121.76 116.76 104.30 104.28 124.76 119.13 104.80 104.72 127.66 120.77 105.78 105.70 130.39 122.70 106.35 106.27 100.00 100.00 100.00 100.00 106.00 104.26 101.68 101.68 112.61 109.85 102.52 102.51 120.80 115.98 104.16 104.16 101.98 101.28 100.69 100.69 103.72 102.39 101.29 101.29 105.02 103.45 101.52 101.52 107.08 105.22 101.78 101.77 108.20 105.98 102.11 102.10 109.75 107.46 102.14 102.13 111.98 109.42 102.34 102.34 113.39 110.48 102.64 102.63 115.31 112.02 102.94 102.93 117.52 113.65 103.42 103.41 119.63 115.11 103.94 103.93 121.75 116.65 104.39 104.38 124.31 118.52 104.89 104.88 127.77 120.68 105.88 105.87 130.21 122.32 106.46 106.45 100.00 100.00 100.00 100.00 109.94 150.85 72.88 72.88 111.21 213.50 52.09 52.09 118.22 314.26 37.62 37.62 99.59 112.25 87.93 88.72 104.18 127.73 80.99 81.57 109.43 144.85 74.98 75.55 114.39 163.00 69.58 70.18 111.76 167.84 65.97 112.49 184.56 60.12 60.95 112.02 201.37 54.93 55.63 111.05 226.26 48.54 49.08 109.26 241.83 44.75 45.18 109.04 264.66 40.92 41.20 115.67 295.99 38.81 39.08 124.29 337.95 36.49 36.78 123.88 358.44 34.26 34.56 136.17 413.00 32.68 32.97 146.59 462.18 31.44 31.72 100.00 100.00 100.00 100.00 106.43 104.03 102.31 102.31 112.52 108.22 103.98 103.98 119.03 112.39 105.91 105.90 102.18 101.40 100.77 100.76 103.98 102.36 101.59 101.58 105.94 103.72 102.15 102.14 107.32 104.67 102.53 102.53 108.48 105.36 102.97 102.96 110.50 106.95 103.33 103.31 111.63 107.63 103.72 103.71 113.02 108.43 104.24 104.24 114.93 109.85 104.61 104.62 116.60 110.72 105.28 105.32 117.66 111.27 105.72 105.74 119.51 112.69 106.07 106.05 122.34 114.89 106.56 106.48 124.71 116.10 107.49 107.42 126.99 117.44 108.21 108.13 100.00 100.00 100.00 100.00 106.34 104.22 102.04 102.03 113.08 109.47 103.31 103.31 120.75 114.58 105.39 105.38 102.02 101.20 100.82 100.81 103.93 102.38 101.52 101.51 105.67 103.78 101.83 101.83 107.21 104.92 102.18 102.18 108.55 105.79 102.61 102.60 110.66 107.72 102.75 102.73 112.22 108.88 103.07 103.06 113.79 109.95 103.50 103.49 115.66 111.30 103.92 103.92 117.63 112.51 104.51 104.55 119.21 113.38 105.13 105.15 121.57 115.08 105.66 105.64 124.59 117.35 106.25 106.17 127.45 118.87 107.30 107.22 130.08 120.59 107.94 107.86 100.00 100.00 100.00 102.05 100.70 101.64 103.74 92.12 102.77 105.75 96.02 104.26 101.32 102.07 100.55 101.50 103.92 101.13 101.79 99.26 101.56 102.24 99.62 101.78 102.69 100.02 102.09 103.12 94.81 102.30 103.37 92.83 102.58 103.93 91.10 102.93 104.53 89.73 103.27 105.09 89.25 103.78 105.41 94.99 104.09 105.94 98.51 104.38 106.54 101.34 104.78 107.14 109.78 105.49 107.76 112.83 105.96 1996 1997 Gross domestic product: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 100.00 100.00 100.00 100.00 106.47 104.43 .101.95 101.95 Final sales of domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 100.00 100.00 100.00 100.00 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 Line Addenda: Final sales of computers l : Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic product less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic purchases less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Chain-type price indexes for gross domestic purchases: Food Energy goods and services Gross domestic purchases less food and energy. 1. For some components of final sales of computers, includes computer parts. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1997 2000 1998 88 August 2000 SURVEY OF CURRENT BUSINESS Table 7.3.—Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product [Index numbers, 1996=100] Seasonally adjusted 1996 1997 1998 1999 1996 Gross national product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 100.00 100.00 100.00 100.00 106.31 104.30 101.93 101.93 112.20 108.73 103.19 103.19 118.60 113.24 104.74 104.73 102.13 101.49 100.63 100.63 103.84 102.48 101.34 101.33 105.88 104.01 101.80 101.80 107.23 105.03 102.10 102.10 108.29 105.69 102.46 102.46 110.33 107.43 102.72 102.70 111.41 108.17 103.00 102.99 112.56 108.88 103.38 103.38 114.50 110.45 103.66 103.67 116.17 111.43 104.22 104.25 117.25 112.07 104.59 104.62 119.10 113.59 104.87 104.86 121.90 115.88 105.27 105.19 124.44 117.32 106.14 106.07 Less: Exports of goods and services and income receipts from the rest of the world: Chain-type quantity index 100.00 112.37 114.51 118.55 105.52 107.63 112.33 115.10 114.43 115.04 114.61 112.42 115.96 113.95 116.36 120.12 123.74 126.69 Plus: Command-basis exports of goods and services and income receipts from the rest of the world: Chain-type quantity index : 100.00 114.20 119.39 122.72 105.04 107.91 114.35 117.51 117.02 119.35 119.43 117.65 121.12 119.47 120.96 123.72 126.73 128.91 Equals: Command-basis gross national product: Chain-type quantity index . 100.00 104.56 109.43 113.84 101.42 102.52 104.30 105.37 106.06 108.04 109.63 111.18 112.21 112.73 114.10 116.31 117.64 Line 1997 1999 1998 2000 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 7.4.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1998 1999 1997 1996 1998 1999 2000 IV Chain-type quantity indexes Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other : Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Addenda: Energy goods and services l Personal consumption expenditures less food and energy. 119.52 113.00 118.63 145.70 137.24 157.95 141.12 117.20 110.97 130.61 104.37 105.65 94.30 125.86 114.45 108.27 113.24 99.22 122.66 114.38 109.62 116.27 120.16 108.91 114.94 100.97 124.33 115.57 110.19 118.96 123.04 109.67 116.72 103.60 125.54 116.49 111.02 121.41 124.61 106.10 103.99 118.44 102.58 121.07 104.51 121.95 106.58 107.19 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.56 108.42 114.15 101.04 102.16 102.64 104.29 105.15 106.39 107.91 109.04 110.35 111.89 113.42 114.82 116.49 106.63 117.97 132.65 101.50 104.06 103.25 108.77 110.45 112.96 116.69 117.88 124.36 126.96 131.47 134.01 138.17 103.31 110.58 106.08 113.82 124.30 114.79 126.03 142.98 127.62 98.87 103.66 102.80 102.57 105.74 103.87 97.83 108.73 104.25 106.05 112.51 107.30 106.78 115.33 108.91 108.59 119.01 110.77 114.15 121.12 113.53 111.16 .126.27 116.45 121.38 130.82 118.40 121.33 135.49 122.92 126.93 140.04 124.97 126.75 145.17 129.11 151.20 133.71 102.91 107.04 113.05 101.26 102.00 102.17 103.67 103.81 105.00 106.50 107.63 109.02 111.08 112.13 113.47 115.50 101.08 105.05 102.41 103.19 96.18 105.40 103.42 113.02 103.86 105.63 89.89 111.57 107.62 123.17 107.09 108.06 99.60 119.55 100.33 102.20 100.72 101.37 95.59 102.72 101.02 103.31 100.73 101.93 91.24 103.57 100.87 102.57 102.70 103.34 97.55 104.34 101.51 106.36 103.19 103.69 99.20 106.42 100.92 107.94 103.01 103.80 96.71 107.25 101.58 110.99 102.31 104.22 87.25 109.00 102.96 105.22 115.51 104.65 106.51 90.10 113.96 105.95 121.15 105.57 106.76 96.28 116.88 106.62 112.66 103.64 105.30 90.56 110.66 103.92 112.94 104.83 106.51 91.66 112.68 122.40 107.36 108.20 100.88 118.35 107.73 124.58 107.04 107.59 103.03 120.18 110.19 124.56 108.39 109.68 98.19 122.80 103.28 107.30 111.29 100.83 101.86 102.75 103.73 104.79 105.83 106.93 108.05 108.40 109.48 110.71 111.95 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.90 103.21 99.07 106.04 105.69 102.58 104.66 104.47 104.55 108.11 100.98 112.96 108.86 105.57 108.24 111.00 107.22 112.82 101.68 120.33 112.61 108.26 114.02 117.04 100.58 100.88 99.34 101.93 102.03 101.25 101.54 100.08 101.11 100.73 96.81 103.42 104.40 101.41 103.67 102.42 101.57 102.15 98.46 104.67 105.18 102.22 104.62 103.60 102.14 103.30 97.79 107.07 106.38 103.05 104.66 105.30 102.76 106.65 103.20 109.01 106.81 103.63 105.70 106.56 103.55 105.25 97.46 110.55 107.58 105.01 106.95 108.51 104.34 108.15 102.95 111.74 108.97 105.31 107.22 110.21 110.72 105.78 114.14 109.13 105.78 108.79 112.20 105.42 108.31 97.73 115.42 109.75 106.18 110.00 113.07 106.19 110.93 101.21 117.49 110.81 106.89 111.42 114.20 106.88 112.1.8 101.09 119.65 111.90 107.81 113.20 116.22 107.53 114.94 105.21 121.52 113.33 108.73 115.17 117.56 100.00 100.00 100.80 104.20 102.48 109.74 104.45 115.98 100.05 101.23 98.84 102.59 100.65 103.10 100.58 105.05 103.12 106.07 107.70 103.37 109.13 105.40 110.24 101.19 111.87 103.45 113.52 104.28 115.25 144.28 131.67 160.90 141.45 118.22 111.49 132.32 105.77 106.72 98.23 127.34 115.64 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, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Addenda: Energy goods and services' Personal consumption expenditures less food and energy. 26 27 28 29 30 31 32 33 34 35 102.09 102.83 103.20 103.58 104.02 104.60 105.10 105.67 98.08 97.27 96.65 96.26 95.79 95.28 94.34 93.76 93.30 92.86 92.44 100.61 97.01 99.55 100.07 95.62 98.82 99.35 94.27 98.95 99.01 93.26 98.58 98.89 92.24 98.88 98.75 91.43 98.45 99.52 89.65 97.97 88.11 97.65 87.01 96.92 85.77 97.21 99.50 84.58 96.24 99.81 83.38 96.11 99.30 82.73 96.12 81.96 95.85 100.92 101.33 101.18 101.31 101.53 101.19 101.10 101.41 101.71 102.18 103.43 104.15 105.09 106.48 107.37 101.37 99.49 102.71 102.19 107.10 100.31 101.63 99.79 104.66 104.32 107.49 100.55 101.95 100.96 97.84 97.48 100.87 101.00 102.45 99.91 98.74 98.87 97.60 100.91 102.89 99.46 99.12 99.34 97.17 101.07 103.39 98.37 92.52 92.30 94.48 101.78 103.68 97.88 88.91 88.47 92.84 102.46 104.26 98.12 86.67 86.19 90.92 103.13 104.87 97.67 84.86 84.51 87.88 104.08 105.46 96.13 83.81 83.52 86.26 106.15 105.81 96.73 94.24 94.81 89.21 106.52 106.35 95.83 99.34 99.91 94.23 107.26 106.95 96.84 104.16 104.39 101.97 107.51 107.59 95.67 118.69 117.85 125.95 107.94 108.20 95.12 123.70 123.85 122.27 109.10 107.99 101.17 102.08 102.83 103.48 104.09 104.51 105.20 105.80 106.51 107.18 107.66 108.26 109.40 100.63 98.43 101.98 106.35 107.02 108.84 111.04 101.04 100.82 100.95 100.73 101.90 100.78 101.31 101.63 101.72 101.96 103.25 101.12 102.48 101.67 101.95 102.88 102.59 101.53 101.60 101.48 103.37 102.10 102.77 104.31 103.38 101.57 101.76 101.44 103.66 102.57 103.68 105.29 104.14 101.78 102.23 101.48 104.69 102.86 103.97 106.22 104.91 100.79 99.60 101.53 104.58 103.53 104.86 106.65 105.73 101.02 99.43 102.00 104.53 104.22 105.64 107.59 106.68 100.70 98.47 102.08 105.15 104.77 106.01 108.33 107.70 100.52 97.71 102.24 105.27 105.51 106.57 109.28 108.34 100.56 97.88 102.20 105.70 106.20 107.39 110.26 109.11 100.35 97.91 101.85 106.29 106.60 108.59 110.62 109.74 100.55 98.73 101.68 106.32 107.29 109.31 111.41 110.41 101.04 99.20 102.18 107.09 107.98 110.06 111.86 111.33 101.18 99.61 102.17 108.02 109.13 111.33 113.12 112.17 101.55 101.43 101.73 109.21 109.47 112.28 113.79 105.11 101.88 100.72 104.01 101.30 99.62 101.88 100.17 102.14 100.59 102.46 95.87 102.77 93.88 103.23 92.25 103.68 90.93 104.11 90.43 104.58 96.00 104.92 99.09 105.25 101.88 105.69 109.84 106.26 113.35 106.71 101.94 103.03 104.85 100.87 100.00 97.75 95.42 93.09 99.32 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 99.76 95.04 98.97 99.01 90.36 98.24 99.29 85.19 96.62 100.32 98.19 99.46 101.34 101.35 103.71 102.23 100.03 100.09 100.00 100.78 100.88 104.05 98.01 88.24 87.87 91.53 102.86 106.14 96.38 95.39 95.66 92.92 106.86 100.00 103.12 105.50 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.96 101.71 102.21 101.38 103.55 102.30 103.09 104.68 106.25 100.76 98.80 101.96 104.88 104.51 105.77 107.96 100.00 100.00 101.10 101.94 93.23 103.45 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. 101.77 100.00 101.49 102.43 102.52 91.82 110.53 August 2000 • SURVEY OF CURRENT BUSINESS 89 Table 7.5.-Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product [Index numbers, 1996=100] Line 1996 1997 1998 1999 Chain-type quantity indexes 100.00 103.56 108.42 114.15 100.00 106.63 117.97 132.65 Motor vehicles and parts New autos (70) Net purchases of used autos (71) Other motor vehicles (72) Tires, tubes, accessories, and other parts (73) 100.00 100.00 100.00 100.00 100.00 103.31 100.65 105.85 104.44 103.13 113.82 107.95 112.13 122.36 109.48 126.03 120.73 117.17 139.78 118.18 Furniture and household equipment Furniture, including mattresses and bedsprings (29) Kitchen and other household appliances (30) China, glassware, tableware, and utensils (31) Video and audio goods, including musical instruments, and computer goods (91). Video and audio goods, including musical instruments (92) Computers, peripherals, and software (93) Other durable house furnishings (32) 100.00 100.00 100.00 100.00 100.00 110.58 105.62 102.98 107.73 121.29 124.30 111.09 109.32 113.94 152.61 142.98 118.98 119.80 127.03 192.90 100.00 100.00 100.00 106.97 161.80 105.51 120.75 258.08 112.80 140.05 391.49 124.83 Other Ophthalmic products and orthopedic appliances (46) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90). Jewelry and watches (18) Books and maps (87) 100.00 100.00 100.00 106.08 107.38 106.24 114.79 113.21 116.44 127.62 120.76 131.37 100.00 100.00 106.49 104.27 118.60 107.58 134.07 117.14 100.00 102.91 107.04 113.05 100.00 100.00 100.00 100.00 101.08 100.19 102.49 101.19 103.42 102.49 104.89 103.00 107.62 106.33 109.76 104.02 100.00 100.00 100.92 101.89 102.87 110.11 106.99 118.40 Personal consumption expenditures Durable goods Nondurable goods Food Food purchased for off-premise consumption (3) Purchased meals and beverages (4) Food furnished to employees (including military) and food produced and consumed on farms (5+6). Addenda: Food excluding alcoholic beverages (8) Alcoholic beverages purchased for off-premise consumption (9). Other alcoholic beverages (10) 100.00 102.75 103.51 103.74 Clothing and shoes Shoes (12) Women's and children's clothing and accessories except shoes (14). Men's and boys' clothing and accessories except shoes (15+16) 100.00 100.00 100.00 105.05 103.41 105.36 113.02 108.64 114.48 123.17 115.78 126.13 100.00 105.28 112.60 121.63 Gasoline, fuel oil, and other energy goods Gasoline and oil (75) Fuel oil and coal (40) 100.00 100.00 100.00 102.41 103.19 96.18 103.86 105.63 107.09 108.06 99.60 Other Tobacco products (7) Toilet articles and preparations (21) Semidurable house furnishings (33) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34). Drug preparations and sundries (45) Nondurable toys and sport supplies (89) Stationery and writing supplies (35) Net foreign remittances (111 less 113) Magazines, newspapers, and sheet music (88) Flowers, seeds, and potted plants (95) 100.00 100.00 100.00 100.00 100.00 105.40 98.76 105.23 109.10 102.24 111.57 95.88 109.42 118.88 104.59 119.55 89.96 116.01 130.82 100.00 100.00 100.00 108.62 106.11 102.18 117.00 119.89 106.20 126.77 140.51 115.77 100.00 100.00 104.63 105.93 114.27 111.33 127.05 122.48 100.00 103.28 107.30 111.29 Services See note at the end of the table. Line 1996 1997 1998 1999 Housing Owner-occupied nonfarm dwellings—space rent (24) Tenant-occupied nonfarm dwellings—rent (25) Rental value of farm dwellings (26) Other (27) 48 49 50 51 52 100.00 100.00 100.00 100.00 100.00 101.90 102.45 100.20 97.04 102.92 104.55 105.64 101.23 94.99 106.44 107.22 109.05 101.65 91.59 110.30 Household operation Electricity (37) Gas (38) Water and other sanitary services (39) Telephone and telegraph (41) Domestic service (42) 53 54 55 56 57 58 59 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.21 100.17 96.26 102.13 107.88 99.50 107.99 108.11 106.75 86.79 103.28 117.81 111.45 111.84 112.82 107.57 87.21 105.55 130.11 118.13 113.22 Transportation , User-operated transportation Repair, greasing, washing, parking, storage, rental, and leasing (74). Other user-operated transportation (76+77) Purchased local transportation Mass transit systems (79) Taxicab(80) Purchased intercity transportation Railway (82) Bus (83) Airline (84) Other (85) 60 61 62 100.00 100.00 100.00 105.69 106.42 107.50 108.86 109.37 110.56 112.61 113.07 114.71 63 64 65 66 67 68 69 70 71 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.50 100.85 100.26 102.12 103.64 106.59 103.83 104.33 99.24 105.09 106.64 103.70 112.96 107.00 108.32 111.37 107.76 100.81 107.20 109.83 108.03 113.67 111.19 109.73 113.39 112.82 101.33 Medical care Physicians (47) Dentists (48) Other professional services (49) Hospitals and nursing homes (50) Health insurance (56) 72 73 74 75 76 77 100.00 100.00 100.00 100.00 100.00 100.00 102.58 103.46 102.49 101.19 102.63 102.15 105.57 107.33 104.35 103.87 105.02 107.90 108.26 110.26 104.74 105.94 108.06 110.80 Recreation Admissions to specified spectator amusements (96) Other (94+100+101+102+103) 78 79 80 100.00 100.00 100.00 104.66 103.57 104.80 108.24 108.62 108.20 114.02 112.68 114.18 Other : Personal care Cleaning, storage, and repair of clothing and shoes (17) Barbershops, beauty parlors, and health Clubs (22) Other (19) Personal business Brokerage charges and investment counseling (61) Bank service charges, trust services, and safe deposit box rental (62). Services furnished without payment by financial intermediaries except life insurance carriers (63). Expense of handling life insurance and pension plans (64) Legal services (65) Funeral and burial expenses (66) Other (67) Education and research Higher education (105) Nursery, elementary, and secondary schools (106) Other (107) Religious and welfare activities (108) Net foreign travel Foreign travel by U.S. residents (110) Less: Expenditures in the United States by nonresidents (112) 81 82 83 84 85 86 87 88 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 104.47 101.73 101.14 104.87 98.65 106.20 116.86 106.40 111.00 107.04 102.35 109.10 107.54 111.67 139.39 120.51 117.04 112.91 105.91 111.49 118.64 119.60 172.56 133.05 89 100.00 106.45 110.63 118.35 90 91 92 93 94 95 96 97 98 99 100 101 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 104.16 102.61 99.59 103.85 102.97 101.19 102.30 107.69 99.15 102.01 104.75 102.75 109.79 106.27 102.78 102.52 117.86 104.93 103.01 106.16 99.00 116.41 109.43 104.61 102.64 126.94 106.33 iob'.bb 100.00 108.40 102.82 120.25 100.07 124.09 102.23 Other (43) 90 . August 2000 SURVEY OF CURRENT BUSINESS Table 7.5.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product—Continued [Index numbers, 1996=100] Line 1996 1997 1998 1999 Chain-type price indexes 102 100.00 101.94 103.03 104.85 103 100.00 97.75 95.42 93.09 Motor vehicles and parts New autos (70) Net purchases of used autos (71) Other motor vehicles (72) Tires, tubes, accessories, and other parts (73) 104 105 106 107 108 100.00 100.00 100.00 100.00 100.00 99.76 100.08 97.48 101.01 99.43 99.01 99.31 95.91 100.81 98.56 99.29 98.49 97.46 101.66 98.03 Furniture and household equipment Furniture, including mattresses and bedsprings (29) Kitchen and other household appliances (30) China, glassware, tableware, and utensils (31) Video and audio goods, including musical instruments, and computer goods (91). Video and audio goods, including musical instruments (92) .... Computers, peripherals, and software (93) Other durable house furnishings (32) 109 110 111 112 113 100.00 100.00 100.00 100.00 100.00 95.04 99.90 99.48 99.34 86.31 90.36 99.70 98.21 101.09 74.31 85.19 99.46 96.04 98.69 64.22 114 115 116 100.00 100.00 100.00 95.90 67.80 100.40 91.21 46.98 100.79 85.09 34.52 99.51 Other Ophthalmic products and orthopedic appliances (46) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90). Jewelry and watches (18) Books and maps (87) 117 118 119 100.00 100.00 100.00 98.97 101.54 99.40 98.24 103.41 98.28 96.62 104.43 96.39 120 121 100.00 100.00 96.07 101.18 92.55 103.99 90.27 102.14 122 100.00 101.34 101.35 103.71 123 124 125 126 100.00 100.00 100.00 100.00 102.23 101.86 102.80 102.62 104.05 103.20 105.38 104.15 106.14 104.92 108.03 106.38 127 128 100.00 100.00 102.21 101.59 104.08 102.17 106.09 104.35 Personal consumption expenditures Durable goods Nondurable goods Food Food purchased for off-premise consumption (3) Purchased meals and beverages (4) Food furnished to employees (including military) and food produced and consumed on farms (5+6). Addenda: Food excluding alcoholic beverages (8) Alcoholic beverages purchased for off-premise consumption (9). Other alcoholic beverages (10) 129 100.00 103.38 106.31 109.41 Clothing and shoes Shoes (12) Women's and children's clothing and accessories except shoes (14). Men's and boys' clothing and accessories except shoes (15+16) 130 131 132 100.00 100.00 100.00 100.03 99.84 99.74 98.01 98.86 96.90 96.38 96.31 94.96 133 100.00 100.65 99.59 98.99 Gasoline, fuel oil, and other energy goods Gasoline and oil (75) Fuel oil and coal (40) 134 135 136 100.00 100.00 100.00 100.09 100.00 100.78 88.24 87.87 91.53 95.39 95.66 92.92 Other Tobacco products (7) Toilet articles and preparations (21) Semidurable house furnishings (33) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34). Drug preparations and sundries (45) Nondurable toys and sport supplies (89) Stationery and writing supplies (35) Net foreign remittances (111 less 113) Magazines, newspapers, and sheet music (88) Flowers, seeds, and potted plants (95) 137 138 139 140 141 100.00 100.00 100.00 100.00 100.00 100.88 104.65 100.20 97.84 101.01 102.86 117.79 101.71 95.69 102.70 106.86 152.18 103.21 94.59 104.51 142 143 144 145 146 147 100.00 100.00 100.00 101.49 99.08 104.41 103.77 94.38 107.20 107.58 88.74 106.45 100.00 100.00 101.00 96.79 103.24 98.09 105.59 95.85 148 100.00 103.12 105.50 107.99 Services NOTE.—The figures in parentheses are the line numbers of the corresponding items in table 2.4. Line 1996 1997 1998 1999 Housing Owner-occupied nonfarm dwellings—space rent (24) Tenant-occupied nonfarm dwellings—rent (25) Rental value of farm dwellings (26) Other (27) 149 150 151 152 153 100.00 100.00 100.00 100.00 100.00 102.96 102.90 102.80 106.33 104.33 106.25 106.13 105.99 113.31 108.62 109.40 109.15 109.25 122.90 112.25 Household operation Electricity (37) Gas (38) Water and other sanitary services (39) Telephone and telegraph (41) Domestic service (42) Other (43) 154 155 156 157 158 159 160 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.71 100.37 107.14 102.50 100.22 102.57 102.78 100.76 96.50 105.14 105.87 98.84 105.48 104.97 100.63 95.83 105.73 108.23 96.35 108.55 108.68 Transportation User-operated transportation Repair, greasing, washing, parking, storage, rental, and leasing (74). Other user-operated transportation (76+77) Purchased local transportation Mass transit systems (79) Taxicab(80) Purchased intercity transportation Railway (82) Bus (83) Airline (84) 161 162 163 100.00 100.00 100.00 103.55 103.35 101.42 104.88 105.23 103.22 106.35 107.13 105.33 164 165 166 167 168 169 170 171 172 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 110.79 102.29 101.53 103.92 105.03 99.88 100.43 106.08 101.48 113.03 100.80 100.44 101.63 104.40 102.30 105.92 104.59 103.06 114.06 99.51 99.15 100.32 104.59 106.09 108.38 103.98 106.63 Medical care Physicians (47) Dentists (48) !.'. '. Other professional services (49) Hospitals and nursing homes (50) Health insurance (56) 173 174 175 176 177 178 100.00 100.00 100.00 100.00 100.00 100.00 102.30 101.34 104.64 103.94 101.95 102.61 104.51 103.51 109.07 106.45 104.45 100.52 107.02 105.80 114.17 108.18 107.00 103.03 Recreation Admissions to specified spectator amusements (96) Other(94+100+101+102+103) 179 180 181 100.00 100.00 100.00 103.09 102.79 103.13 105.77 104.99 105.86 108.84 110.55 108.63 Other Personal care Cleaning, storage, and repair of clothing and shoes (17) Barbershops, beauty parlors, and health clubs (22) Other (19) Personal business Brokerage charges and investment counseling (61) Bank service charges, trust services, and safe deposit box rental (62). Services furnished without payment by financial intermediaries except life insurance carriers (63). Expense of handling life insurance and pension plans (64) Legal services (65) Funeral and burial expenses (66) Other (67) Education and research Higher education (105) .!" '.'. Nursery, elementary, and secondary schools (106) Other (107) Religious and welfare activities (108) Net foreign travel Foreign travel by U.S. residents (110) Less: Expenditures in the United States by nonresidents (112) 182 183 184 185 186 187 188 189 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 104.68 102.81 102.43 103.38 102.40 105.81 100.66 104.93 107.96 104.38 103.68 105.52 103.52 109.83 98.10 107.87 111.04 107.02 105.89 108.81 105.70 112.65 94.55 111.26 190 100.00 108.40 113.67 116.39 191 192 193 194 195 196 197 198 199 200 201 202 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 105.47 104.07 105.19 103.27 103.62 103.84 103.41 103.35 102.70 111.25 108.81 109.09 106.94 107.24 107.73 106.50 106.83 105.54 117.03 114.07 112.79 110.62 111.22 110.92 109.61 113.05 109.02 ibo.oo 100.00 101.82 102.39 99.53 103.91 101.96 106.74 Other (85) 91 August 2000 SURVEY OF CURRENT BUSINESS Table 7.6.—Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1997 2000 Chain-type quantity indexes , 133.70 139.56 115.22 115.92 120.76 102.09 118.37 148.74 188.74 306.72 197.65 134.50 108.31 138.07 121.25 100.00 102.04 110.47 100.00 102.02 110.52 100.00 99.66 110.57 100.00 107.74 106.58 100.00 104.08 111.15 100.00 102.89 108.67 100.00 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 100.00 100.00 100.00 100.00 100.00 Equipment and software Information processing equipment and software Computers and peripheral equipment1 Software2 Other Industrial equipment Transportation equipment Other 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Residential Structures Single family Multifamily Other structures Equipment 109.56 112.22 109.07 109.48 97.83 124.23 122.48 126.78 116.88 116.97 119.36 115.84 108.81 130.33 150.24 210.72 158.74 116.03 107.67 120.96 122.20 100.00 Private fixed investment Nonresidential 113.30 121.77 145.22 125.10 107.02 102.62 108.33 111.48 103.10 105.17 108.11 104.09 106.82 110.37 105.49 106.68 102.19 105.91 92.22 107.15 108.48 95.36 121.13 106.35 106.90 95.53 123.76 91.75 103.61 105.27 110.72 104.93 102.50 100.06 104.31 102.88 106.69 111.71 123.11 113.22 104.28 98.87 104.02 106.88 111.75 118.13 138.45 121.18 105.02 102.73 108.59 110.59 117.56 100.24 117.54 117.92 113.95 117.69 100.21 99.76 97.84 101.16 118.61 101.44 101.73 101.71 99.72 109.30 103.01 101.27 102.21 100.47 100.45 98.82 105.31 101.73 111.88 115.29 110.45 111.92 98.46 122.07 100.41 116.97 126.62 155.91 129.26 109.55 103.95 112.46 114.48 102.26 102.23 99.44 104.83 105.35 103.51 113.08 116.41 112.32 110.62 101.95 129.95 152.72 117.79 130.62 163.39 136.75 109.24 104.92 108.23 113.98 117.85 119.49 121.99 102.93 110.85 129.80 134.47 116.85 119.77 120.24 93.22 110.51 132.53 137.59 115.01 116.09 119.77 97.76 126.92 131.25 153.43 216.48 163.65 116.76 108.19 116.88 124.76 136.41 160.84 237.04 172.31 118.65 108.23 130.73 120.56 140.98 171.59 262.70 182.14 124.87 105.35 131.84 125.27 183.41 294.19 190.37 133.01 106.76 136.06 121.79 116.73 116.78 117.88 114.94 115.70 114.38 118.41 117.48 118.43 118.48 113.49 119.24 117.42 117.91 116.65 114.43 118.95 120.07 117.70 121.84 123.39 126.97 121.85 126.35 127.45 131.45 114.47 114.12 115.24 119.18 106.65 118.30 117.63 119.20 124.37 112.71 116.89 116.64 121.02 116.86 105.04 124.46 129.19 146.96 203.29 154.19 115.17 107.64 120.29 123.79 139.74 186.06 144.83 113.52 106.62 115.94 119.71 135.05 141.47 113.18 113.36 120.92 100.86 115.09 146.05 152.21 195.33 325.92 202.34 138.59 109.15 143.35 119.18 137.43 144.73 115.83 114.48 122.09 116.53 120.95 155.70 204.64 344.08 215.75 141.52 111.99 141.03 118.76 117.63 117.53 118.66 112.95 116.89 122.07 142.73 151.79 121.80 121.56 124.63 123.71 111.74 147.90 158.57 125.59 127.90 118.14 125.97 163.16 219.11 372.78 225.96 154.45 116.44 142.04 123.42 171.14 234.52 421.27 239.14 162.25 121.03 144.91 126.53 118.56 118.37 123.03 116.89 112.59 126.79 119.69 119.51 122.63 116.73 115.95 128.04 103.71 106.12 109.30 112.02 103.69 100.67 111.50 106.23 106.13 104.09 111.26 107.85 109.33 109.08 104.61 110.47 112.09 113.04 103.73 112.35 104.56 105.64 108.29 109.19 114.45 114.51 116.04 106.71 113.92 111.57 99.06 98.98 99.14 99.14 99.06 99.07 99.71 96.46 96.34 95.99 95.62 95.42 95.84 107.95 107.47 103.66 118.83 104.92 108.47 103.61 115.11 105.36 109.25 109.93 103.21 113.66 106.30 109.65 110.66 103.06 112.34 106.47 110.44 111.70 103.41 111.99 106.73 111.42 112.75 104.02 113.24 107.47 112.72 114.22 104.85 114.24 108.24 100.10 96.16 113.62 114.90 106.00 116.57 108.55 93.36 92.69 82.54 50.29 95.10 97.96 101.68 100.39 102.96 92.32 81.41 47.09 95.45 97.83 101.89 101.27 103.16 91.77 80.32 44.26 95.72 97.59 101.79 101.38 103.37 91.11 79.32 42.00 95.93 97.11 101.95 100.60 103.45 90.62 84.15 54.35 95.37 98.05 101.44 100.14 102.51 90.82 78.62 39.20 97.91 96.40 102.41 100.70 103.55 91.00 78.68 38.00 99.66 96.32 102.46 101.19 104.01 Chain-type price indexes 22 100.00 99.91 99.93 99.44 99.14 98.93 103.50 103.42 120.02 112.81 104.93 106.74 100.05 99.71 101.28 101.08 101.27 103.04 100.76 104.89 103.71 102.62 117.03 103.60 93.78 85.13 56.89 95.39 98.35 101.33 100.09 102.34 100.00 99.93 99.17 100.00 99.02 97.13 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 100.00 100.00 100.00 100.00 100.00 104.23 103.22 102.34 114.72 103.12 107.71 Equipment and software Information processing equipment and software Computers and peripheral equipmentl Software2 Other Industrial equipment Transportation equipment Other 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.32 92.98 77.38 97.84 99.52 100.71 100.64 101.04 Private fixed investment Nonresidential 100.00 102.68 105.59 Structures Single family Multifamily Other structures 100.00 100.00 100.00 100.00 102.75 102.92 104.51 102.26 105.74 105.60 113.45 104.66 Equipment 100.00 99.98 99.54 Residential 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. 99.46 99.17 97.90 97.29 102.47 101.81 101.68 108.81 101.70 103.56 102.52 102.26 113.29 102.75 99.86 98.55 106.02 104.83 102.79 119.74 104.43 106.84 105.51 103.33 122.26 104.76 107.58 106.33 103.40 123.91 104.67 99.19 97.38 90.84 99.02 99.94 100.49 100.43 100.75 98.44 95.54 85.19 98.56 99.62 100.56 100.59 100.91 97.69 97.00 96.14 93.88 92.11 90.37 79.68 74.52 70.15 98.43 97.61 96.78 99.49 99.63 99.33 100.56 100.76 100.95 100.55 101.03 100.37 101.01 100.96 101.28 95.04 87.97 64.11 95.68 99.02 101.02 100.05 101.81 94.03 85.85 58.82 95.40 98.38 109.64 101.03 109.93 101.04 110.41 101.14 117.69 101.51 108.05 100.83 98.08 100.66 101.66 102.22 104.31 105.06 106.01 106.98 108.11 109.28 110.21 110.94 112.36 112.97 102.28 102.24 103.16 102.17 104.01 104.25 107.29 103.15 104.42 104.34 110.65 103.45 105.20 104.84 112.57 104.40 106.17 105.93 114.59 105.06 107.17 107.13 116.12 105.74 108.35 108.72 116.45 106.56 109.57 109.91 117.28 107.88 110.52 111.01 118.09 108.68 111.26 112.01 118.96 109.09 101.17 100.03 102.96 103.05 103.35 105.07 102.35 99.53 103.89 101.67 101.82 102.40 101.37 99.87 99.27 99.74 99.27 98.58 97.85 97.94 99.10 110.19 111.26 91.46 79.87 43.40 95.75 97.27 101.98 100.89 103.40 101.19 99.80 102.06 78.42 40.28 95.89 96.53 102.27 100.31 103.62 112.72 113.80 120.87 110.04 97.95 97.76 113.34 113.90 120.97 111.43 98.38 92 . August 2000 SURVEY OF CURRENT BUSINESS Table 7.7.—Chain-Type Quantity and Price Indexes for Private Fixed Investment in Structures by Type Table 7.8.—Chain-Type Quantity and Price Indexes for Private Fixed Investment in Equipment and Software by Type [Index numbers, 1996=100] [Index numbers, 1996=100] Line 1996 1997 1998 Line 1999 1996 Private fixed investment in structures New 113.22 116.54 100.00 105.02 100.00 109.07 100.00 108.61 116.71 115.01 116.08 86.57 124.63 150.07 106.79 122.30 115.22 Nonresidential buildings, excluding farm Industrial Commercial ' Office buildings» Other 2 Religious, educational, hospital and institutional, and other 100.00 100.00 100.00 100.00 100.00 100.00 98.27 110.40 119.18 104.24 116.46 117.15 104.46 119.59 141.51 104.21 121.91 Utilities Railroads Telecommunications Electric light and power Gas Petroleum pipelines 100.00 100.00 100.00 100.00 100.00 100.00 97.83 108.28 102.89 99.06 82.83 93.20 119.36 124.97 110.56 106.17 148.78 119.61 120.76 112.80 128.23 119.27 114.44 137.24 100.00 100.00 100.00 100.00 100.00 101.04 124.23 126.54 96.15 91.15 109.43 115.84 119.44 70.91 101.66 109.35 102.09 103.96 78.56 110.61 100.00 107.84 121.73 122.93 100.00 102.02 110.52 117.54 ;.... Farm Mining exploration, shafts, and wells Petroleum and natural gas Other Other 4 Brokers' commissions on sale of structures Net purchases of used structures Residential New New housing units Permanent site Single-family structures Multifamily structures Manufactured homes Improvements Other 5 Brokers' commissions on sale of structures Net purchases of used structures 100.00 101.14 108.60 115.07 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.80 100.58 99.66 107.74 103.85 101.74 133.80 110.40 110.06 110.57 106.58 115.25 103.75 156.97 116.65 117.41 117.92 113.95 105.29 110.46 201.74 100.00 109.86 126.54 135.85 1998 1999 Chain-type quantity indexes Chain-type quantity indexes Nonresidential 1997 100.00 113.18 130.08 148.39 100.00 113.30 130.33 148.74 Information processing equipment and software Computers and peripheral equipment1 Software 2 Communication equipment InstrumGnts .*..*. Photocopy and related equipment Office and accounting equipment 100.00 100.00 100.00 100.00 100.00 100.00 100.00 121.77 145.22 125.10 113.58 99.73 96.41 103.27 150.24 210.72 158.74 126.50 108.97 93.70 100.60 188.74 306.72 197.65 158.25 116.44 88.26 102.40 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 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.62 91.16 94.52 104.70 102.30 102.62 109.03 107.67 94.23 107.74 108.21 105.77 109.77 115.42 108.31 97.27 124.61 108.08 107.34 105.23 118.70 Transportation equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment 100.00 100.00 100.00 100.00 100.00 100.00 108.33 110.84 99.42 120.12 114.57 112.04 120.96 128.16 95.02 161.71 113.03 132.70 138.07 145.94 105.16 204.59 106.64 145.84 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 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 110.83 114.81 131.93 105.49 103.75 160.83 97.06 116.51 103.91 121.03 127.42 138.71 109.61 116.74 164.65 105.16 133.47 112.68 120.80 126.25 125.32 101.35 105.72 175.09 112.03 142.99 122.41 Private fixed investment in equipment and software ... Nonresidential equipment and software Less: Sale of equipment scrap, excluding autos Residential equipment 100.00 95.22 92.03 113.04 100.00 102.89 108.67 118.61 Chain-type price indexes Chain-type price indexes Private fixed investment in equipment and software 100.00 103.39 106.60 110.05 100.00 104.23 107.71 110.19 100.00 104.25 107.73 110.23 Nonresidential buildings, excluding farm Industrial Commercial Office buildings l Other 2 .. Religious, educational, hospital and institutional, and other 3 100.00 100.00 100.00 100.00 100.00 100.00 103.22 103.22 103.21 103.22 103.20 103.22 106.99 107.01 106.98 107.01 106.95 107.01 111.26 111.28 111.24 111.29 111.20 111.29 Utilities Railroads Telecommunications Electric light and power Gas Petroleum pipelines 100.00 100.00 100.00 100.00 100.00 100.00 102.34 103.36 102.22 101.98 102.43 102.43 103.50 104.37 102.18 104.02 104.17 104.20 103.42 99.13 100.70 105.13 106.86 Farm Mining exploration, shafts, and wells Petroleum and natural gas Other . . Other 4 100.00 100.00 100.00 100.00 100.00 103.22 114.72 115.60 103.20 103.43 107.02 120.02 121.00 107.02 105.44 111.28 112.81 113.10 111.31 107.87 100.00 100.00 101.87 101.88 104.21 106.48 105.94 111.00 100.00 102.75 105.74 109.93 100.00 103.05 106.14 110.44 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.01 103.10 102.92 104.51 101.67 103.16 102.87 106.27 106.51 105.60 113.45 103.01 105.82 105.66 110.89 111.26 110.41 117.69 105.67 109.27 110.45 100.00 100.00 100.71 102.88 Private fixed investment in structures Nonresidential New Brokers' commissions on sale of structures Net purchases of used structures Residential New New housing units Permanent site Single-family structures Multifamily structures Manufactured homes Improvements Other 5 Brokers' commissions on sale of structures Net purchases of used structures . . . . 102.99 105.46 106.50 110.29 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. "Other" consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories and of fraternity and sorority houses. Nonresidential equipment and software 100.00 97.34 93.84 91.52 100.00 97.32 93.78 91.46 79.87 43.40 95.75 95.41 100.63 98.42 99.36 Information processing equipment and software Computers and peripheral equipment1 Software 2 Communication equipment Instruments Photocopy and related equipment Office and accounting equipment 100.00 100.00 100.00 100.00 100.00 100.00 100.00 77.38 97.84 98.96 100.49 100.05 99.41 85.13 56.89 95.39 97.22 100.46 98.68 99.30 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 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.71 100.09 101.99 100.42 101.03 101.10 100.15 101.33 99.95 102.97 101.18 101.88 101.93 100.29 101.98 99.60 105.02 101.57 103.01 102.86 100.39 Transportation equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment 100.00 100.00 100.00 100.00 100.00 100.00 100.64 99.25 103.39 101.36 102.35 98.33 100.09 98.13 103.56 101.56 103.79 98.82 100.89 99.86 101.64 103.20 104.84 98.82 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 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.08 101.73 100.54 101.29 101.67 101.92 101.69 98.37 100.81 101.85 102.29 101.29 102.34 103.47 103.35 102.60 97.54 101.58 102.65 102.71 102.33 103.64 105.83 104.39 103.59 96.32 102.39 100.00 102.19 86.99 80.36 100.00 99.98 99.54 98.08 Less: Sale of equipment scrap, excluding autos Residential equipment 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. n.e.c. Not elsewhere classified. August 2000 • SURVEY OF CURRENT BUSINESS 93 Table 7.9.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Income [Index numbers, 1996=100] Line 1996 1997 1999 1996 1997 1999 1998 2000 JILL Chain-type quantity indexes 112.27 114.51 118.17 106.66 106.98 114.80 117.01 121.89 106.54 109.58 118.17 121.63 127.75 108.46 110.14 105.64 105.39 105.90 104.29 106.21 107.57 108.80 111.08 103.90 104.64 112.71 113.67 114.20 116.22 110.33 110.94 113.51 119.78 105.10 107.82 Durable Nondurable Services 1 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 127.15 127.67 131.33 120.65 124.42 140.72 143.64 150.51 130.45 126.54 103.63 104.00 104.25 103.51 101.65 107.39 107.58 109.53 103.92 106.39 Income payments 100.00 117.79 122.78 132.53 106.15 112.56 Exports of goods and services Goods» Durable Nondurable Services 1 Income receipts Imports of 1 goods and services foods . 112.02 114.13 117.83 106.19 107.02 113.42 112.11 114.87 117.53 122.21 107.53 108.59 114.63 117.58 121.58 109.03 107.67 114.91 117.39 122.22 107.06 109.04 114.03 115.38 119.66 106.23 110.74 113.11 115.33 120.26 104.75 107.86 117.15 119.92 125.41 108.12 110.67 114.77 116.93 122.73 104.44 109.61 116.41 118.97 124.56 106.95 110.36 119.27 123.45 129.90 109.56 109.67 122.22 127.18 133.80 112.91 110.92 124.10 129.06 136.42 113.21 112.79 115.86 115.46 116.51 110.09 116.21 122.93 128.01 128.34 131.28 122.76 126.21 133.22 143.82 147.28 154.56 133.26 127.05 121.09 123.19 123.64 123.19 135.01 140.05 125.29 124.36 121.86 138.32 141.02 147.20 129.07 125.13 128.75 147.53 151.23 160.22 134.18 129.59 135.20 126.32 126.90 129.94 121.13 123.29 111.98 131.76 132.73 138.13 122.25 126.89 111.24 122.50 122.72 125.99 116.46 121.30 128.29 137.14 142.85 147.59 112.95 114.58 109.82 107.86 117.27 119.08 113.79 113.61 113.72 118.49 119.00 121.71 113.78 115.89 116.40 121.27 120.93 116.68 151.76 155.29 165.10 136.78 134.66 126.31 132.27 141.19 113.13 112.85 157.85 161.51 171.94 141.90 140.09 Chain-type price indexes Exports of goods and services Goods 1 Durable Nondurable Services 1 100.00 100.00 100.00 100.00 100.00 98.47 97.29 97.03 97.90 101.42 96.26 94.25 94.87 92.75 101.34 95.86 92.96 93.65 91.25 103.30 98.85 98.01 97.93 98.19 100.90 97.81 97.61 98.28 100.75 98.72 97.55 97.26 98.21 101.66 98.46 97.23 96.95 97.88 101.53 98.04 96.58 96.30 97.24 101.72 97.06 95.44 95.69 94.81 101.17 96.59 94.71 95.20 93.51 101.34 95.85 93.70 94.43 91.90 101.32 95.53 93.17 94.13 90.78 101.53 95.42 92.84 93.90 90.23 102.02 95.62 92.72 93.67 90.36 103.06 92.87 .93.39 91.58 103.62 96.51 93.41 93.65 92.84 104.50 93.68 93.54 94.07 105.52 Income receipts 100.00 101.64 102.40 103.99 100.68 101.25 101.46 101.75 102.05 102.05 102.26 102.53 102.77 103.20 103.70 104.16 104.76 105.69 Imports of 1 goods and services 96.44 95.88 94.75 98.13 99.41 91.26 90.16 90.83 88.70 97.09 91.80 90.31 89.14 92.85 99.43 99.18 97.10 103.25 100.74 97.95 95.85 102.14 100.03 96.43 95.73 95.07 97.03 100.15 95.82 95.23 94.57 96.55 99.00 95.21 94.60 93.53 96.79 98.45 92.57 91.88 92.21 91.16 96.20 91.59 90.55 91.18 89.16 97.17 90.45 89.24 90.12 87.33 90.41 Durable Nondurable Services 1 100.00 100.00 100.00 100.00 100.00 87.15 98.05 89.92 88.45 89.78 85.47 97.89 91.13 89.57 89.14 90.41 92.47 90.93 88.84 95.46 100.85 92.30 88.78 100.06 101.14 94.97 93.77 89.00 104.48 101.25 Income payments 100.00 102.34 103.45 105.10 100.87 101.72 102.20 102.51 102.94 103.02 103.34 103.61 103.83 104.34 104.76 105.19 106.10 106.85 foods 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 97.41 94.03 93.63 95.10 106.18 94.92 93.92 105.16 100.07 94 • August 2000 SURVEY OF CURRENT BUSINESS Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product [Index numbers, 1996=100] Seasonally adjusted Line 1997 1996 1997 1998 2000 Chain-type quantity indexes Exports of goods and services Exports of goods' Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts Computers, peripherals, and parts Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Exports of services1 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' 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 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 112.27 114.80 118.17 105.64 107.57 112.02 114.87 114.63 114.91 114.03 113.11 117.15 114.77 116.41 119.27 122.22 124.10 126.31 114.51 117.01 121.63 105.39 108.80 114.13 117.53 117.58 117.39 115.38 115.33 119.92 116.93 118.97 123.45 127.18 129.06 132.27 100.13 108.61 109.05 108.35 122.84 129.89 131.35 119.61 112.94 109.62 110.35 108.86 113.94 99.15 107.42 110.83 105.49 128.14 165.96 137.05 119.02 111.48 112.30 112.66 111.92 124.30 101.94 108.29 114.10 105.00 135.28 160.30 156.22 126.39 114.72 114.81 115.67 113.91 136.23 103.98 104.20 103.26 104.72 107.75 119.45 106.76 105.96 101.34 103.79 104.86 102.69 106.52 98.70 104.45 104.76 104.28 114.04 123.08 120.07 111.04 107.57 107.04 106.28 107.83 110.23 97.59 109.10 109.49 108.89 122.30 132.33 131.66 118.33 111.70 110.57 112.11 108.97 113.19 99.12 110.89 110.48 111.11 128.10 134.77 139.42 124.30 116.72 110.32 112.28 108.26 113.49 105.13 109.99 111.49 109.14 126.94 129.37 134.26 124.78 115.75 110.56 110.74 110.38 118.84 103.31 109.49 114.91 106.42 126.86 147.03 131.66 121.94 117.63 110.70 111.27 110.10 116.95 97.54 107.26 110.05 105.68 124.92 148.40 134.10 118.49 110.40 112.67 112.57 112.77 122.65 93.62 106.07 108.11 104.92 128.01 175.26 138.79 116.74 103.91 114.14 114.85 113.40 120.01 102.11 106.86 110.26 104.93 132.76 193.14 143.64 118.93 113.96 111.68 111.94 111.41 137.61 94.57 104.12 109.50 101.06 129.99 169.12 145.47 119.37 110.77 112.89 110.65 115.20 129.63 100.27 106.84 111.92 103.96 131.16 152.19 154.35 122.66 113.91 113.07 113.34 112.79 131.86 107.69 108.52 114.40 105.19 138.43 160.71 162.30 129.54 117.23 114.72 115.82 113.58 132.27 105.24 113.69 120.59 109.79 141.52 159.17 162.77 133.98 116.96 118.56 122.89 114.09 151.18 106.90 114.67 126.74 107.98 142.64 129.42 178.48 138.76 120.92 123.55 128.88 118.04 151.45 105.56 116.45 129.80 109.09 152.01 151.66 191.54 144.85 118.80 122.26 124.69 119.76 144.33 100.00 100.00 106.98 109.58 110.14 106.21 104.64 107.02 108.59 107.67 109.04 110.74 107.86 110.67 109.61 110.36 109.67 110.92 112.79 112.85 112.07 119.70 104.98 118.85 100.69 126.21 117.29 104.07 127.06 121.80 109.10 120.85 110.19 118.59 100.88 90.27 89.34 93.99 100.00 100.00 100.00 100.00 100.00 100.00 102.95 105.89 103.30 101.80 115.92 99.82 98.71 103.14 101.44 108.69 125.97 100.36 101.08 94.19 106.28 107.88 133.43 88.86 108.75 105.59 103.97 103.40 105.49 98.99 103.93 109.06 101.48 100.46 109.29 99.83 102.69 101.93 103.52 101.25 114.97 99.10 104.07 103.66 103.23 104.25 118.97 100.06 101.09 108.92 104.97 101.23 120.44 100.30 99.78 102.25 100.94 106.38 122.64 101.46 100.96 107.31 99.30 107.68 127.17 101.68 95.52 105.94 100.08 105.42 126.53 99.58 98.59 97.05 105.44 115.28 127.55 98.74 99.87 93.23 106.53 108.64 129.62 94.81 100.37 94.76 105.89 108.42 131.12 91.37 100.32 96.43 104.04 107.54 134.12 87.29 103.77 92.32 108.67 106.94 138.87 82.00 103.60 93.81 107.21 107.58 144.25 87.06 103.44 92.69 107.97 107.33 142.25 92.01 100.00 113.67 127.15 140.72 103.63 107.39 112.11 116.68 118.49 122.50 126.32 128.01 131.76 133.22 138.32 143.82 147.53 151.76 157.85 100.00 114.20 127.67 143.64 104.00 107.58 112.95 117.27 119.00 122.72 126.90 128.34 132.73 135.01 141.02 147.28 151.23 155.29 161.51 100.00 100.00 110.14 108.28 118.19 119.95 129.15 125.63 103.59 103.77 104.86 104.01 108.40 107.58 114.12 109.97 113.20 111.56 116.71 116.19 117.38 120.74 119.23 121.69 119.42 121.19 123.56 120.13 128.54 123.62 131.82 127.18 132.67 131.60 132.58 133.17 136.72 131.74 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 107.67 108.91 104.58 125.42 126.23 132.03 122.74 108.21 114.06 112.51 115.75 112.83 123.82 115.84 111.94 143.93 163.09 164.54 134.30 115.22 129.16 129.55 128.79 133.52 128.54 122.54 112.04 165.82 174.50 212.12 148.93 137.71 143.85 145.63 142.02 160.15 103.91 103.62 100.66 107.68 109.25 106.99 107.90 99.52 105.43 103.92 107.10 100.25 103.51 104.52 98.72 114.41 106.85 117.73 113.86 107.79 107.17 106.03 108.43 102.14 106.90 108.27 106.76 122.92 117.05 129.36 120.97 107.61 112.53 110.89 114.33 110.19 108.04 112.00 108.25 130.24 143.42 138.76 125.60 109.51 116.05 113.98 118.32 118.74 112.24 110.84 104.59 134.10 137.62 142.26 130.52 107.94 120.47 119.14 121.93 120.23 117.87 114.42 106.22 139.09 135.18 152.65 134.22 110.85 124.21 123.81 124.67 121.65 124.45 116.79 115.79 142.91 168.96 160.61 133.52 112.29 129.47 129.47 129.50 127.44 126.10 117.00 116.38 144.66 168.00 164.72 134.74 112.04 131.06 130.88 131.28 133.67 126.87 115.14 109.38 149.07 180.20 180.19 134.71 125.68 131.89 134.03 129.69 151.29 124.27 115.69 110.03 152.36 165.06 191.96 137.24 129.50 136.48 135.34 137.69 144.98 126.87 120.15 117.35 162.26 169.29 211.90 144.58 134.14 140.17 143.05 137.19 153.49 127.93 126.43 115.60 170.66 187.72 219.36 152.09 143.22 146.61 149.60 143.52 161.95 135.10 127.89 105.17 177.99 175.95 225.25 161.79 143.99 152.15 154.54 149.68 180.19 137.77 128.29 112.37 184.09 168.51 226.80 170.57 147.82 157.18 162.45 151.74 175.90 136.86 126.31 118.96 197.64 179.26 247.11 182.27 147.49 167.41 173.33 161.27 177.91 100.00 110.94 124.42 126.54 101.65 106.39 107.86 113.61 115.89 121.30 123.29 126.21 126.89 124.36 125.13 127.05 129.59 134.66 140.09 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees Other private services Other 100.00 100.00 100.00 100.00 100.00 100.00 100.00 115.53 108.69 108.17 107.99 120.51 115.09 103.68 124.43 123.01 117.73 115.38 145.74 134.05 107.84 135.39 126.22 122.96 115.91 162.66 129.76 104.54 100.19 100.04 101.31 100.16 98.26 105.95 102.10 108.87 106.75 105.03 104.20 111.50 107.07 101.63 106.09 105.71 110.00 107.61 110.21 110.50 103.35 121.11 110.06 111.80 106.93 133.84 118.70 105.85 126.03 112.24 105.87 113.23 126.50 124.08 103.88 124.97 121.54 109.51 114.81 146.83 127.28 106.06 120.55 121.95 118.09 113.48 136.31 135.53 104.84 128.33 124.39 121.39 114.10 144.65 137.44 111.42 123.89 124.17 121.92 119.11 155.17 135.96 109.03 131.31 124.09 121.78 117.43 152.16 126.11 105.04 135.78 125.62 120.92 113.53 158.45 128.52 102.88 143.68 126.16 121.27 115.66 162.16 130.24 107.47 130.79 129.02 127.86 117.02 177.87 134.17 102.77 137.37 136.37 129.54 119.92 182.23 139.87 105.75 140.85 146.21 131.64 121.04 190.36 145.85 106.73 Addenda: Exports of agricultural goods 2 Exports of nonagricultural goods Imports of nonpetroleum goods 100.00 100.00 100.00 101.73 115.88 115.14 101.73 118.64 129.13 102.69 123.62 146.37 104.06 105.54 104.37 98.60 109.89 108.51 100.20 115.62 113.57 103.07 119.09 118.14 105.06 118.94 120.34 104.36 118.80 124.25 100.56 116.96 128.06 97.25 117.24 129.55 104.77 121.55 134.66 94.66 119.22 137.05 101.66 120.80 142.98 110.18 124.92 149.96 104.24 129.53 155.50 110.29 131.04 159.09 109.73 134.61 165.16 Imports of services> See note at the end of the table. August 2000 • SURVEY OF CURRENT BUSINESS 95 Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product—Continued [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1997 1996 1999 1998 2000 JJLi Chain-type price indexes Exports of goods and services Exports of goods ! Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts Computers, peripherals, and parts Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other ..... .... Exports of services1 100.00 98.47 96.26 95.86 98.85 98.72 98.46 98.04 97.06 96.59 95.85 95.53 95.42 95.62 95.88 96.51 100.00 97.29 94.25 92.96 98.01 97.81 97.55 97.23 96.58 95.44 94.71 93.70 93.17 92.84 92.72 92.87 93.41 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 92.62 99.58 99.11 99.84 95.06 103.41 85.96 95.90 100.81 100.74 100.97 100.51 98.95 84.27 94.23 95.02 93.77 92.49 104.79 75.52 94.64 100.93 100.75 100.69 100.82 96.68 80.42 92.80 92.57 92.96 91.01 107.22 68.41 93.90 101.56 100.42 100.07 100.78 95.60 93.64 99.53 98.57 100.07 96.85 101.43 92.75 97.06 100.14 100.23 100.20 100.27 98.82 93.95 99.81 99.52 99.96 95.98 102.91 89.76 96.29 100.63 100.52 100.66 100.37 99.09 94.33 99.65 99.61 99.66 95.31 102.85 86.87 96.11 100.87 100.58 101.01 100.11 99.11 92.13 99.85 99.63 99.97 94.81 103.77 84.69 95.80 100.96 100.87 101.02 100.71 90.08 99.01 97.69 99.78 94.16 104.10 82.51 95.38 100.80 101.01 101.17 100.84 98.61 86.30 96.71 96.48 96.85 93.46 104.37 79.82 95.01 100.83 101.06 101.10 101.02 97.61 84.92 95.27 95.80 94.96 92.86 104.71 76.99 94.81 100.82 100.82 100.76 100.87 97.13 83.50 93.20 94.45 92.47 91.96 104.68 73.25 94.51 100.90 100.61 100.51 100.72 96.28 82.35 91.75 93.36 90.79 91.67 105.40 72.02 94.23 101.17 100.53 100.38 100.69 95.71 81.67 90.90 92.52 89.92 91.47 106.56 70.27 94.17 101.32 100.32 99.92 100.74 95.60 80.88 91.31 92.15 90.81 91.18 106.99 68.99 94.03 101.40 100.33 100.00 100.67 95.14 79.91 93.49 92.41 94.16 90.63 107.19 67.34 93.67 101.57 100.38 100.17 100.60 95.31 79.24 95.52 93.21 96.94 90.75 108.13 67.05 93.74 101.96 100.64 100.20 101.12 96.36 79.24 97.48 93.98 99.67 90.32 109.47 65.56 93.32 102.19 100.86 100.61 101.12 96.59 80.19 98.74 94.32 101.53 90.31 110.51 64.73 93.40 102.38 100.86 100.91 100.79 96.77 100.00 100.75 101.66 101.53 101.72 101.17 101.34 101.32 101.53 102.02 103.06 103.62 104.50 105.52 106.18 98.37 96.74 97.11 96.44 96.40 95.67 94.29 100.02 100.10 100.68 99.83 99.39 103.26 103.77 94.57 93.93 97.21 96.99 102.41 102.68 99.80 99.56 115.73 115.88 104.27 98.56 96.01 102.92 99.33 115.45 104.17 101.18 93.83 103.35 106.87 103.73 99.50 116.64 106.07 101.37 96.96 103.85 100.15 99.22 104.31 99.97 115.99 107.67 105.17 100.20 104.91 99.93 122.31 109.39 104.46 102.89 105.85 101.18 111.46 105.92 104.56 106.48 101.40 115.66 90.41 89.92 91.13 92.47 93.68 94.97 94.92 88.45 89.57 90.93 92.30 93.77 93.92 101.42 101.34 103.30 100.90 Transfers under U.S. military agency sales contracts. Travel Passenger fares Other transportation Royalties and license fees Other private services Other '. 100.00 97.73 95.70 100.17 98.72 100.00 100.00 100.00 100.00 100.00 100.00 102.26 96.54 100.26 101.78 100.68 110.22 103.53 95.46 96.81 106.21 102.86 97.55 104.10 99.89 117.75 100.66 102.02 101.57 100.83 100.47 102.85 101.26 93.14 101.30 101.40 100.73 106.71 102.06 99.56 100.18 101.61 100.82 110.29 102.46 98.94 99.41 101.90 100.57 110.81 103.26 94.83 100.16 102.20 100.60 113.08 102.86 95.05 97.03 102.20 99.98 113.95 Imports of goods and services 100.00 96.44 91.26 91.80 99.43 98.28 96.43 95.82 95.21 92.57 90.16 90.31 99.18 97.95 95.73 95.23 94.60 100.00 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 „ Imports of services' 87 90 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural goods 2 Exports of nonagricultural goods Imports of nonpetroleum goods NOTE.—See footnotes to table 4.3. 99 100 102.56 99.67 115.25 91.59 90.45 90.55 97.41 94.03 100.00 100.00 100.92 97.72 94.96 94.49 94.47 99.97 99.70 100.50 100.91 102.11 99.19 101.01 99.83 100.06 99.61 98.57 97.05 98.51 95.89 96.72 97.09 92.82 95.32 95.05 93.07 93.55 95.37 94.05 96.85 94.12 99.21 93.62 101.68 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.79 97.96 94.34 88.55 97.21 91.65 83.20 78.56 107.52 62.43 83.73 101.03 96.79 94.09 99.76 99.30 99.79 99.61 112.81 93.51 101.20 94.84 92.31 102.22 96.13 91.13 89.23 103.34 88.27 88.42 99.88 98.92 97.95 99.98 99.36 102.59 97.04 89.29 88.04 104.15 85.04 87.93 94.38 91.28 57.87 80.72 106.39 67.50 84.54 100.03 99.37 107.46 60.68 83.26 101.15 96.58 93.85 99.58 99.25 98.67 94.98 112.06 77.46 108.04 60.36 83.04 101.27 96.65 93.80 99.79 99.51 102.46 95.80 132.18 77.17 108.81 59.99 82.70 100.63 98.42 96.96 100.00 99.29 95.19 89.94 52.63 80.31 107.23 65.86 84.67 100.72 97.25 94.65 100.09 99.44 96.38 89.64 74.69 78.81 107.33 62.81 83.94 100.27 98.68 97.54 99.91 99.39 96.27 91.87 58.72 81.18 105.31 70.29 83.97 99.98 97.09 94.61 99.81 99.08 98.59 92.03 94.67 77.67 104.60 80.77 86.93 99.25 94.80 70.41 84.07 105.14 76.34 85.65 100.62 98.03 96.21 100.02 99.17 98.14 93.59 63.45 82.49 100.06 99.69 99.55 99.84 99.81 101.16 100.66 107.99 90.74 102.98 91.55 89.34 100.04 99.21 98.79 99.67 99.81 101.19 98.00 89.97 86.18 103.77 86.41 88.16 100.20 98.81 97.81 99.89 99.46 97.01 92.89 62.51 82.11 105.56 71.60 84.81 101.44 96.35 93.41 99.58 99.70 103.33 100.04 132.17 76.78 109.57 58.66 82.73 101.79 95.95 93.05 99.14 99.86 100.00 99.41 99.00 98.45 96.20 97.17 96.94 98.05 97.89 99.66 100.85 101.14 101.25 100.07 100.00 100.00 100.00 100.00 100.00 100.00 100.00 91.81 90.66 87.47 96.23 106.67 95.91 102.40 96.68 99.48 94.35 97.08 107.87 90.94 97.86 101.78 99.02 100.59 85.13 94.32 107.38 94.12 102.19 97.00 98.26 99.08 97.27 102.91 95.63 100.25 97.68 108.29 96.76 103.34 95.21 100.73 90.08 97.54 110.29 105.24 103.84 96.03 102.26 91.52 97.66 111.52 112.99 104.30 94.45 103.34 93.11 98.56 110.12 114.92 104.90 93.05 104.13 90.03 96.72 113.63 115.38 105.83 94.85 103.00 87.80 93.59 115.61 115.31 106.46 93.96 102.49 100.00 100.00 100.00 93.40 97.70 96.02 87.42 96.24 93.80 95.57 92.95 83.98 94.66 91.93 82.09 94.26 91.71 80.44 94.05 91.53 78.25 94.12 90.95 77.74 94.33 90.84 77.90 94.91 91.06 77.36 95.25 91.26 78.07 95.57 91.42 99.67 106.00 100.34 97.47 95.24 99.92 99.33 100.74 100.03 100.15 96.35 99.27 91.41 97.86 110.06 107.48 104.13 94.68 102.61 100.78 101.52 101.54 100.49 100.81 99.58 100.96 94.26 100.57 103.70 99.72 101.39 99.44 100.85 92.67 101.12 106,44 97.96 101.60 99.74 101.14 99.47 107.01 97.06 101.89 98.46 100.42 97.65 106.86 96.68 102.19 98.45 84.90 95.18 92.60 78.58 94.35 91.09 94.27 98.41 97.84 95.04 98.11 97.01 94.69 97.85 96.17 92.60 97.71 95.82 91.28 97.12 95.09 95.61 107.24 96.03 102.55 105.41 72.28 85.07 100.41 97.51 95.39 99.82 94.80 107.06 96.81 102.67 96.11 100.34 97.27 94.74 100.98 96.69 94.04 96 • August 2000 SURVEY OF CURRENT BUSINESS Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1999 1996 1997 1998 IV I 2000 1999 I! Chain-type quantity indexes Government consumption expenditures and gross investment1. Federal National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software Nondefense Consumption expenditures Durable goods 2 Nondurable goods Commodity Credit Corporation inventory change. Other nondurables Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software Addenda: Compensation of general government employees3 Federal State and local See footnotes at the end of the table. 100.00 102.35 104.53 108.03 100.61 100.89 102.47 103.02 103.05 102.79 104.62 104.99 105.72 106.69 106.89 108.14 110.38 110.07 111.69 99.12 100.15 99.60 100.09 101.77 104.98 101.04 105.18 95.90 98.14 97.27 116.32 138.58 94.89 91.04 101.09 100.54 107.48 112.98 99.75 90.32 95.65 94.47 107.56 132.50 92.57 89.95 99.53 98.78 107.80 131.63 97.30 89.66 101.61 99.26 98.15 100.60 100.34 99.39 97.04 100.04 99.24 95.70 97.62 96.15 97.16 102.72 108.28 104.35 115.92 95.45 95.88 93.37 90.90 98.95 100.28 94.58 91.65 100.96 98.42 95.70 97.79 97.56 100.25 97.74 97.51 98.12 100.08 106.60 95.90 99.70 96.55 98.15 98.85 98.37 106.27 98.69 96.35 97.61 98.14 101.55 99.48 97.85 95.09 92.99 93.89 97.40 98.22 93.52 94.41 95.90 96.87 100.07 98.79 96.57 93.43 97.25 96.72 108.00 115.17 95.44 93.42 97.12 105.41 105.21 96.29 92.22 96.11 99.92 99.20 95.70 91.40 95.33 94.71 109.38 112.94 93.19 90.83 99.10 99.54 99.76 99.69 99.60 99.47 99.36 99.15 99.06 99.07 99.11 99.25 99.42 99.61 99.90 100.26 100.64 96.16 93.31 76.17 95.84 101.65 100.64 72.18 104.93 106.27 91.51 93.78 91.18 96.54 83.84 85.77 83.55 87.49 87.88 80.05 88.98 100.00 96.07 90.47 100.64 71.39 82.20 93.29 103.36 101.07 94.24 71.04 97.72 100.37 94.97 74.68 97.99 92.39 99.32 72.94 103.29 97.85 103.61 70.98 108.56 115.98 104.65 70.12 90.95 103.01 62.68 109.20 108.07 104.25 59.32 111.19 106.06 109.72 99.87 108.43 104.61 109.74 109.14 100.46 105.28 103.29 107.23 107.12 103.22 103.15 103.07 103.30 102.99 102.09 101.41 94.27 94.70 82.36 81.17 95.98 96.66 105.66 104.78 103.01 104.47 104.46 103.88 99.87 104.17 103.38 102.56 102.71 112.88 104.22 111.95 104.99 116.63 109.04 122.92 102.74 99.39 129.16 101.81 100.47 123.98 100.86 101.13 103.92 100.47 99.38 115.90 102.12 99.67 121.79 103.24 100.12 124.76 103.33 99.71 129.26 102.26 98.06 129.49 101.54 99.02 130.90 102.66 100.03 127.56 101.50 100.39 128.70 101.55 102.45 125.27 101.01 102.76 125.45 100.34 100.87 122.46 100.68 99.85 122.72 101.39 101.06 125.11 102.56 103.15 122.35 106.97 108.60 100.00 108.67 119.66 135.52 102.88 105.16 107.42 109.79 112.30 114.85 117.79 121.15 124.87 133.16 137.65 142.28 147.20 151.96 100.00 100.00 100.00 100.00 106.43 104.97 84.68 116.33 96.76 85.80 120.65 141.01 101.44 97.17 88.60 101.87 105.32 103.52 89.86 111.07 107.23 111.22 86.76 124.90 107.31 106.27 90.44 114.99 105.86 98.88 71.66 114.35 100.60 114.73 92.28 127.28 101.19 126.64 91.66 146.66 95.29 119.55 121.67 96.89 132.15 84.93 153.21 81.84 195.65 100.00 100.00 100.00 100.00 100.00 100.00 103.98 102.63 106.20 103.08 102.51 101.59 107.74 111.82 105.22 103.95 105.11 103.71 102.29 106.20 104.96 112.17 108.07 104.45 102.57 107.34 105.97 114.63 110.10 105.31 103.03 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.40 98.72 101.02 100.48 98.49 96.38 100.00 99.53 100.00 100.00 100.00 100.00 100.00 100.00 101.32 89.96 82.63 91.01 104.15 103.97 100.00 100.00 100.00 94.26 135.51 90.85 170.31 105.24 87.03 81.24 87.85 96.22 135.96 85.83 124.77 94.77 141.79 85.53 144.35 86.79 178.21 140.06 87.38 170.91 154.86 94.47 190.31 82.78 145.36 88.21 178.93 108.39 106.86 116.79 112.00 106.06 103.45 109.02 107.58 118.80 113.65 106.65 103.73 110.88 108.19 120.38 114.51 107.22 104.14 110.91 108.90 122.10 116.04 107.82 104.43 111.91 109.78 123.74 117.64 108.60 104.86 113.57 110.62 126.18 119.32 109.31 105.15 115.40 111.46 128.12 120.78 110.06 105.68 115.54 111.82 113.52 115.32 117.17 119.11 121.12 123.23 125.42 175.11 133.18 126.68 154.83 177.40 130.37 121.49 160.95 102.80 94.83 105.87 103.61 96.64 106.29 106.34 115.60 110.96 105.62 103.19 109.37 123.10 116.88 108.24 104.64 101.42 101.09 102.08 102.32 100.92 100.65 102.52 103.57 101.38 102.16 103.63 105.18 101.67 102.25 101.30 102.09 100.85 101.36 104.61 103.05 107.01 103.29 102.94 101.87 100.00 105.04 111.04 118.18 101.68 102.98 105.71 107.14 108.63 110.19 100.00 100.00 100.00 100.00 116.38 109.98 109.93 146.12 113.94 110.60 124.85 163.57 122.79 116.88 142.56 105.05 102.84 102.66 103.37 106.88 107.58 108.30 105.31 112.55 109.88 110.38 108.28 119.63 111.57 111.52 111.68 126.44 110.87 109.75 114.44 135.83 111.67 109.45 118.84 144.02 113.43 110.48 123.02 149.96 115.24 111.61 127.06 154.69 115.43 110.85 130.48 155.42 122.94 119.18 135.07 160.00 119.87 113.96 139.66 165.92 121.44 114.43 145.17 172.94 126.89 119.94 150.32 100.00 100.00 100.00 100.52 97.49 101.69 101.28 96.00 103.31 102.04 94.72 104.86 100.13 98.76 100.65 100.22 98.40 100.91 100.47 97.91 101.45 100.75 97.56 101.99 100.64 96.08 102.40 100.85 96.14 102.67 101.14 95.97 103.13 101.48 96.04 103.58 101.64 95.86 103.86 101.86 95.37 104.35 101.87 94.71 104.63 102.11 94.45 105.07 102.31 94.33 105.39 104.32 112.25 130.08 122.26 110.74 106.11 SURVEY OF CURRENT BUSINESS August 2000 • 97 Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type—Continued [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1998 1999 1997 1996 1998 2000 1999 I Chain-type price indexes Government consumption expenditures and gross investment1. Federal -. .- 100.00 102.23 103.67 106.41 100.58 101.72 102.01 102.26 102.93 103.15 103.43 103.85 104.26 105.18 106.00 106.82 107.62 109.30 109.95 100.00 101.63 102.60 105.27 100.35 101.42 101.60 101.49 102.00 102.36 102.47 102.63 102.94 104.68 104.95 105.45 106.02 108.01 108.17 National defense Consumption expenditures ; Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software 100.00 101.41 100.00 101.91 100.00 99.70 100.00 97.70 100.00 102.20 100.00 103.34 102.20 103.09 98.69 87.02 103.91 105.54 104.75 105.93 98.67 91.30 106.94 110.08 100.49 100.79 99.96 104.79 100.75 100.87 101.38 101.81 100.22 102.74 101.91 103.22 101.33 101.77 99.92 96.84 102.05 103.32 101.23 101.75 99.62 94.75 102.11 103.16 101.71 102.32 99.04 96.48 102.74 103.68 102.02 102.81 99.06 89.57 103.48 105.19 102.01 102.82 98.83 87.56 103.57 105.20 102.24 103.17 98.38 85.64 104.07 105.57 102.51 103.56 98.49 85.32 104.50 106.17 104.14 105.21 98.75 82.52 106.42 109.78 104.42 105.53 98.64 87.96 106.63 109.95 104.92 106.16 98.45 94.22 107.12 110.11 105.54 106.83 98.85 100.49 107.61 110.47 107.35 108.95 99.37 106.97 109.71 114.48 107.58 109.21 99.60 106.23 110.01 114.64 99.79 100.68 100.05 100.10 100.13 100.01 100.33 99.95 99.67 99.75 99.78 100.26 100.44 100.70 101.31 102.18 102.28 104.53 106.91 97.00 97.97 101.13 98.78 101.16 98.44 101.18 98.88 101.93 98.46 101.50 98.77 102.89 98.21 102.04 98.25 103.71 97.53 103.11 98.13 104.82 97.26 103.48 97.43 104.96 96.45 104.03 97.27 105.06 96.85 106.60 95.62 105.56 105.95 106.22 96.46 97.93 97.95 108.35 96.63 109.64 96.52 107.44 97.86 110.58 96.33 108.02 98.16 111.79 96.55 108.23 98.37 112.65 96.70 108.91 98.45 113.78 96.70 Nondefense , Consumption expenditures , Durable goods 2 Nondurable goods Commodity Credit Corporation inventory change. Other nondurables Services , Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software 106.95 109.26 111.66 109.28 111.50 104.86 109.51 113.72 106.50 112.43 117.97 106.62 112.23 117.20 99.55 100.56 101.16 State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment . Structures Equipment and software Addenda: Compensation of general government employees3 Federal State and local : 100.00 100.14 100.00 100.00 100.00 100.00 101.96 98.51 103.34 97.86 110.09 96.51 100.00 102.06 100.00. 102.75 103.38 104.63 106.27 100.06 100.18 101.51 102.00 102.14 102.81 102.00 102.72 102.58 103.47 103.02 104.11 103.35 104.57 103.37 103.76 105.70 104.65 105.18 107.50 105.97 107.82 106.45 108.18 99.59 102.99 104.24 99.17 105.14 107.24 102.17 108.80 112.94 97.91 100.29 100.06 98.35 102.24 103.44 99.71 103.05 103.92 100.07 102.94 104.27 100.25 103.73 105.35 99.52 104.50 106.50 99.16 105.04 106.84 99.31 105.31 107.50 98.67 105.73 108.11 99.43 108.20 112.11 101.08 108.46 112.55 103.34 109.03 113.39 100.00 100.00 100.00 107.72 95.08 108.43 100.00 99.15 98.39 99.11 99.59 99.39 99.32 98.53 98.42 98.33 98.30 98.77 100.00 100.00 100.00 100.00 102.44 98.95 103.22 96.97 104.50 97.95 106.10 94.47 105.75 98.47 101.02 99.59 100.89 101.35 99.26 101.80 97.98 103.12 99.15 102.68 97.46 102.31 98.78 103.62 96.56 102.99 98.63 104.78 95.89 103.60 98.18 105.32 95.08 104.83 98.01 104.94 97.74 105.60 94.75 104.60 97.84 106.34 94.25 105.42 98.25 107.77 94.27 105.36 98.40 108.32 94.31 105.69 98.45 109.02 94.19 106.53 98.78 .110.29 94.27 107.87 99.86 111.15 95.39 108.39 100.50 112.23 95.91 100.00 102.58 100.00 102.79 100.00 99.45 100.00 99.24 100.00 103.30 100.00 103.42 104.28 104.63 99.19 94.27 106.08 106.58 107.06 107.59 98.95 97.79 109.04 109.99 100.72 100.76 99.77 101.45 102.25 102.40 99.43 98.70 102.93 103.03 102.71 102.94 99.38 98.47 103.58 103.78 103.47 103.72 99.47 98.49 104.47 104.58 103.61 103.88 99.29 95.63 105.03 105.36 103.98 104.36 99.21 95.00 105.67 106.16 104.55 105.00 105.49 105.87 98.96 92.24 107.79 108.60 106.61 107.09 98.81 96.40 108.65 109.49 107.60 108.22 98.84 100.29 109.43 110.43 108.52 109.20 99.17 102.23 110.29 111.43 110.03 110.84 99.34 110.95 100.73 101.90 102.09 99.52 101.30 102.24 102.31 100.00 101.08 101.50 102.91 100.27 100.65 101.07 101.04 101.57 101.31 101.15 101.62 101.94 102.14 102.72 103.04 103.76 104.61 105.51 100.00 100.00 100.00 100.00 106.91 101.72 103.42 96.72 108.47 102.83 106.27 107.82 104.82 110.02 90.55 101.20 100.53 101.05 98.99 105.19 101.08 102.08 106.00 101.63 103.09 97.29 106.51 101.75 103.63 96.17 109.95 102.44 104.87 95.29 108.39 102.44 105.28 94.16 108.11 102.37 105.50 93.30 109.16 102.97 106.61 92.59 108.21 103.54 107.68 91.86 107.70 103.90 108.46 91.20 108.61 104.59 109.63 90.68 108.00 105.03 110.44 90.22 106.95 105.76 111.54 106.73 112.79 90.37 112.04 107.64 113.93 90.70 100.00 100.00 100.00 103.49 103.67 103.42 106.47 106.17 106.58 110.30 111.18 109.99 100.68 100.57 100.73 102.58 103.29 102.31 103.17 103.54 103.03 103.72 103.57 103.78 104.50 104.29 104.58 105.45 105.67 105.36 106.07 105.82 106.16 106.81 106.30 106.99 107.57 106.90 107.81 109.13 110.67 108.60 109.87 110.95 109.49 110.68 111.38 110.43 111.51 111.73 111.43 113.19 115.81 112.28 113.73 115.60 113.08 108.85 94.26 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 own-account investment and related expenditures 105.42 96.23 106.17 95.84 107.13 93.81 104.92 105.35 99.19 99.07 93.85 92.58 106.47 107.14 106.99 107.81 99.11 111.26 112.28 111.76 99.52 110.29 112.15 113.08 for goods and services are classified as investment in structures and in software. 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. 98 • August 2000 SURVEY OF CURRENT BUSINESS Table 7.12.—Chain-Type Quantity and Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type [Index numbers, 1996-100] Line 1996 1997 1998 1999 Line 100.00 Consumption expenditures Durable goods 2 Aircraft 95.70 97.62 96.15 97.16 Consumption expenditures 100.00 102.72 115.29 88.78 96.37 92.77 99.81 92.32 108.28 Durable goods 2 Aircraft Missiles Ships Vehicles Electronics Other durable goods 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.48 90.89 117.84 103.19 104.35 89.23 134.36 106.43 115.92 Nondurable goods Petroleum products Ammunition Other nondurable goods 98.49 95.45 95.88 96.38 93.37 90.90 95.11 90.42 99.10 96.16 88.77 91.08 111.35 103.20 94.49 89.29 61.31 93.22 86.99 99.54 101.65 80.38 100.26 109.49 124.05 97.48 94.26 62.66 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 10 11 12 13 Services Compensation of general government employees, except ownaccount investment3. 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 14 15 100.00 100.00 100.00 100.00 100.00 100.00 16 17 18 19 20 21 22 23 24 25 26 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.31 94.79 99.53 101.32 101.57 95.69 111.28 104.30 95.39 93.27 75.10 97.06 138.50 124.96 27 100.00 89.96 93.31 100.64 Structures 28 100.00 82.63 76.17 72.18 Equipment and software... Aircraft Missiles Ships Vehicles Electronics and software . Other equipment 29 30 31 32 33 34 35 100.00 100.00 100.00 100.00 100.00 100.00 100.00 91.01 68.01 74.08 88.60 115.01 112.12 92.29 95.84 68.04 85.05 95.07 125.73 125.75 90.72 104.93 78.20 72.91 99.63 137.04 148.34 96.91 36 100.00 96.38 93.35 90.90 Addendum: Compensation of general government employees3 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 own-account investment and related expenditures 101.91 103.09 105.93 98.67 99.70 98.97 98.11 98.31 99.95 98.37 99.81 99.64 98.89 95.70 110.59 111.16 119.55 96.97 93.54 90.61 100.21 100.12 99.81 97.70 87.02 91.30 94.78 67.94 78.78 99.58 97.58 96.95 99.97 100.64 101.51 102.20 103.91 106.94 103.34 105.54 110.08 98.72 109.67 75.29 116.52 98.42 1999 101.41 101.02 108.63 89.20 104.73 109.62 101.11 91.20 122.81 83.61 1998 100.00 100.00 Nondurable goods Petroleum products Ammunition Other nondurable goods Gross investment. National defense consumption expenditures and gross investment1. 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Ships Vehicles Electronics Other durable goods 97.40 1997 Chain-type price indexes Chain-type quantity indexes National defense consumption expenditures and gross investment1. 1996 Services Compensation of general government employees, except ownaccount investment3. 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 , 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Gross investment Structures Equipment and software Aircraft Missiles Ships Vehicles Electronics and software Other equipment Addendum: Compensation of general government employees 3 72 100.00 102.52 104.78 100.14 101.96 102.54 100.85 102.83 103.56 99.22 100.90 104.09 102.20 104.40 107.53 99.79 104.53 104.35 103.00 105.16 108.05 100.60 104.01 108.08 104.75 108.26 113.34 100.68 106.91 106.02 105.05 108.55 112.61 99.93 102.78 112.27 98.51 97.00 97.97 103.34 106.17 110.09 94.16 95.11 101.74 100.41 95.92 100.25 95.84 96.51 90.61 98.47 94.64 94.32 99.79 100.05 98.44 99.22 92.19 90.89 100.23 100.12 103.34 105.54 97.86 110.10 for goods and services is classified as investment in structures and in software. 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. August 2000 • SURVEY OF CURRENT BUSINESS 99 Table 7.13.—Chain-Type Quantity and Price Indexes for Gross Government Fixed Investment by Type [Index numbers, 1996=100] Line 1996 1997 1998 1999 Line 1 100.00 105.02 110.30 120.23 Federal National defense Nondefense . 2 3 4 100.00 100.00 100.00 95.48 89.96 104.97 103.37 93.31 120.65 115.51 100.64 141.01 State and local 5 100.00 109.98 113.94 122.79 6 7 8 9 10 11 12 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 106.68 83.91 82.63 82.65 90.48 99.05 71.50 79.36 107.66 87.47 76.17 76.19 91.56 94.51 84.85 69.74 112.68 83.84 72.18 72.20 85.14 87.86 78.99 66.77 100.00 100.00 100.00 84.68 87.19 95.82 94.26 86.66 90.58 90.85 87.92 82.67 Gross government fixed investment' Structures2 Federal National defense New Buildings Residential Industrial Military facilities3 Net purchases of used structures Nondefense .. New Buildings Residential Industrial Educational Hospital Other 4 Highways and streets Conservation and development Other 5 Net purchases of used structures State and local New Buildings Residential... Industrial Educational Hospital Other 4 Highways and streets Conservation and development Sewer systems Water systems Other 5 Net purchases of used structures Equipment and software 2 Federal National defense Aircraft Missiles Ships Vehicles"! .... Electronics and software Other equipment Nondefense '. State and local Addenda: Government enterprise gross fixed investment Federal .„ Structures Equipment and software State and local Structures Equipment and software 13 14 15 16 17 18 19 20 21 22 23 24 25 26 100.00 62.52 42.61 36.31 100.00 100.00 100.00 100.00 100.00 112.39 98.15 66.85 85.15 76.59 80.80 103.81 64.40 87.62 80.93 65.51 97.68 79.08 98.26 83.77 27 28 29 100.00 100.00 100.00 100.00 109.99 110.36 112.75 102.44 110.60 110.90 110.53 100.64 116.88 117.36 115.13 112.52 32 33 34 35 36 37 38 39 40 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 117.53 90.37 111.67 107.80 94.52 102.76 113.97 116.74 96.51 119.80 77.61 105.12 116.36 85.85 103.63 110.90 102.39 99.90 126.76 76.35 106.34 123.88 91.54 111.70 120.68 112.49 99.48 41 42 43 44 45 46 47 48 49 50 51 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.85 98.58 91.01 68.01 74.08 88.60 115.01 112.12 92.29 116.33 109.93 114.12 107.68 95.84 68.04 85.05 95.07 125.73 125.75 90.72 135.51 124.85 131.23 124.41 104.93 78.20 72.91 99.63 137.04 148.34 96.91 170.31 142.56 30 31 52 53 54 55 56 57 58 100.00 100.00 100.00 100.00 100.00 100.00 100.00 105.68 108.78 96.26 116.56 105.23 106.29 100.13 105.20 127.62 102.29 143.88 102.04 100.34 110.77 114.07 153.71 113.27 180.35 108.56 107.45 114.19 1. Consists of general government and government enterprise expenditures for fixed assets. 2. Structures and software include compensation of government employees engaged in new own-account investment and related expenditures for goods and services. 3. Consists of Department of Defense new structures, except family housing. 1996 1997 1998 1999 Chain-type price indexes Chain-type quantity indexes 59 100.00 100.72 101.06 102.65 Federal National defense Nondefense 60 61 62 100.00 100.00 100.00 98.67 98.51 98.95 97.38 97.00 97.95 98.15 97.97 98.47 State and local 63 100.00 101.72 102.83 104.82 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.40 103.26 103.34 103.34 103.14 102.83 103.94 103.42 103.77 103.22 103.29 103.40 106.25 106.13 106.17 106.17 106.22 105.51 108.13 106.14 107.04 106.10 106.17 107.35 109.94 109.26 110.09 110.09 110.64 110.10 112.15 109.78 110.41 108.85 108.89 111.52 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.76 103.04 103.57 103.28 103.92 102.90 103.62 108.05 106.95 108.36 106.97 105.92 104.99 105.52 112.13 110.91 111.88 111.28 109.71 106.16 107.88 100.00 100.00 100.00 100.00 103.42 103.43 103.32 102.91 106.27 106.27 107.10 105.56 110.02 110.00 111.38 110.29 90 91 92 93 94 95 96 97 98 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.23 103.45 103.48 103.93 102.92 102.32 102.31 103.77 103.04 106.98 108.32 107.37 105.89 104.97 104.21 104.20 106.45 106.09 111.25 112.18 111.61 109.58 106.19 107.08 107.09 108.89 110.56 99 100 101 102 103 104 105 106 107 108 109 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.23 97.57 97.86 94.16 95.11 101.74 100.41 95.92 100.25 96.97 96.72 94.41 95.37 95.84 90.61 94.64 99.79 98.44 92.19 100.23 94.47 92.98 93.59 95.69 96.51 98.47 94.32 100.05 99.22 90.89 100.12 94.26 90.55 110 111 112 113 114 115 116 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.94 98.69 103.14 96.29 102.44 103.17 98.86 103.29 97.06 106.28 92.46 104.29 105.74 97.44 105.38 96.88 109.37 90.96 106.82 108.95 97.01 Gross government fixed investment' Structures2 . Federal National defense New Buildings '. Residential Industrial Military facilities3 Net purchases of used structures Nondefense New . Buildings Residential Industrial Educational Hospital Other 4 Highways and streets Conservation and development Other 5 Net purchases of used structures State and local New Buildings Residential Industrial Educational Hospital Other 4 Highways and streets Conservation and development Sewer systems Water systems Other 5 Net purchases of used structures Equipment and software 2 Federal . . National defense Aircraft Missiles Ships Vehicles Electronics and software Other equipment Nondefense State and local Addenda: Government enterprise gross fixed investment Federal !. ... Structures Equipment and software State and local Structures Equipment and software 83 84 85 86 87 88 89 4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and passenger terminals. 5. Consists primarily of electric and gas facilities, transit systems, and airfields. 100 • August 2000 SURVEY OF CURRENT BUSINESS Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector [Index numbers, 1996=100] Line 1996 1996 1997 1997 2000 1998 IV I MM II "\ Chain-type quantity indexes 100.00 104.43 108.99 113.60 101.51 102.60 104.08 105.16 107.57 108.35 109.27 110.77 111.73 112.42 113.98 116.27 117.65 119.14 100.00 104.97 110.07 115.27 101.71 102.93 104.59 105.77 106.58 108.51 109.35 110.35 112.06 113.14 113.90 115.70 118.34 119.88 121.50 100.00 100.00 100.00 100.00 104.88 105.31 100.96 112.37 110.07 110.85 103.08 108.74 115.26 116.27 106.27 115.26 101.71 101.82 100.72 101.62 102.87 103.09 100.88 107.73 104.52 104.92 100.91 110.22 105.63 106.16 117.15 106.48 107.07 101.17 114.37 108.47 109.23 101.61 110.88 109.36 110.08 102.89 107.01 110.36 111.10 103.77 108.39 112.09 112.99 104.06 108.68 113.11 114.02 105.00 115.10 113.82 114.73 105.67 120.80 115.71 116.72 106.70 113.32 118.39 119.60 107.70 111.82 119.90 121.13 108.99 116.37 121.56 122.91 109.59 114.22 100.00 103.44 106.64 108.54 101.08 101.91 102.94 104.03 104.88 105.79 106.35 106.94 107.50 107.89 108.35 108.66 109.27 Private households Nonprofit institutions ... 100.00 100.00 97.71 103.64 110.36 106.51 87.94 109.29 98.09 101.19 96.44 102.11 95.94 103.19 97.53 104.26 100.92 105.02 111.26 105.59 112.19 106.13 110.74 106.80 107.24 107.51 101.85 108.10 93.83 108.88 84.08 109.55 72.02 110.63 67.99 111.20 General government 3 ... 100.00 100.95 102.20 103.68 100.27 100.48 100.83 101.21 101.26 101.58 101.99 102.46 102.78 103.18 103.41 103.85 104.26 104.93 102.05 98.07 104.15 98.12 106.29 99.23 100.77 99.09 101.14 98.85 101.77 98.71 102.39 97.75 102.91 97.91 103.32 97.93 103.90 98.18 104.47 98.27 104.90 98.18 105.53 97.96 105.98 98.05 106.57 98.29 107.07 99.01 100.71 107.72 108.32 Gross domestic product. Business1 Nonfarm 2 Nonfarm less housing .... Housing Farm Households and institutions . Federal State and local 100.00 100.00 110.28 68.36 111.81 Chain-type price indexes 100.00 101.95 103.23 104.77 100.63 101.36 101.82 102.12 102.49 102.75 103.04 103.42 104.25 104.63 104.90 105.31 106.17 106.83 100.00 101.87 102.91 104.18 100.62 101.28 101.77 102.06 102.38 102.54 102.75 103.07 103.28 103.74 104.07 104.27 104.63 105.41 106.06 Nonfarm 2 Nonfarm less housing . Housing Farm 100.00 100.00 100.00 100.00 102.11 102.05 102.72 85.20 103.24 102.95 105.98 80.56 104.67 100.70 104.23 100.67 108.95 100.96 69.84 95.28 101.45 101.43 101.61 89.55 101.99 101.95 102.32 86.53 102.36 102.28 103.11 81.93 102.67 102.54 103.86 82.80 102.83 102.63 104.68 83.05 103.05 102.80 105.39 82.82 103.44 103.12 106.41 77.89 103.64 103.24 107.45 78.48 104.22 103.81 108.12 70.24 104.60 104.18 108.67 67.28 104.79 104.34 109.16 68.40 105.08 104.59 109.87 73.44 105.91 105.41 110.76 71.34 106.49 105.98 111.40 77.03 Households and institutions . Gross domestic product. Business' 100.00 100.75 103.61 106.19 100.99 100.74 100.56 100.64 101.05 102.12 103.31 104.18 104.85 105.42 105.88 106.47 106.97 107.77 108.75 Private households Nonprofit institutions 100.00 100.00 102.57 100.68 105.49 103.55 108.58 106.10 101.36 100.98 101.29 100.72 102.19 100.51 103.01 100.55 103.72 100.96 104.16 102.05 105.04 103.25 106.00 104.11 106.80 104.78 107.43 105.35 108.39 105.80 108.95 106.39 110.00 106.88 111.34 107.67 112.99 108.63 3 100.00 105.45 108.80 100.59 102.19 102.72 103.16 103.87 104.60 105.08 105.74 106.39 107.75 108.41 109.13 109.93 111.46 112.01 104.26 106.00 108.03 109.16 100.40 100.68 102.34 102.13 102.53 102.81 102.50 103.47 103.08 104.24 103.95 104.90 103.98 105.59 104.34 106.37 104.76 107.55 107.13 107.85 107.81 108.70 108.17 109.57 108.58 110.54 111.69 111.39 111.62 112.20 IV I General government Federal State and local , 100.00 100.00 102.61 103.16 1. Equals gross domestic product less gross product of households and institutions and of general government. 2. Equals gross domestic business product less gross farm product. 3. Equals compensation of general government employees plus general government consumption of fixed capital. Table 7.15.—Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial Corporate Business [Dollars] Seasonally adjusted Line 1996 1997 1998 1999 IV 1.006 1.011 1.000 1.004 .641 .643 .650 .654 .640 .236 .111 .237 .112 .237 .112 .239 .114 .235 .111 5 .099 .098 .097 .097 6 .026 .027 .028 .028 7 .122 .126 .119 .118 8 9 .036 .086 .036 .090 .034 .085 .033 .084 1 1.000 Compensation of employees (unit labor cost) 2 Unit nonlabor cost Consumption of fixed capital 3 4 Indirect business tax and nontax liability plus business transfer payments less subsidies. Net interest Corporate profits with inventory valuation and capital consumption adjustments (unit profits from current production). Profits tax liability Profits after tax with inventory valuation and capital consumption adjustments. 1. The implicit price deflator for gross product of nonfinancial corporate business divided by 100. I 1.006 Price per unit of real gross product of nonfinancial corporate business 1 . 1998 1997 1996 II III IV I II 2000 1999 III IV 1 II III 1.011 1.016 .655 .652 .652 .240 .115 .242 .114 .243 .115 .097 .096 .098 .098 .027 .029 .030 .030 .120 .119 .115 .117 .121 .033 .088 .034 .085 .033 .082 .034 .083 .036 .086 1.007 1.006 1.010 1.012 1.010 .650 .650 .652 .653 .655 .237 .112 .236 .112 .239 .113 .236 .113 .238 .114 .097 .097 .096 .099 .096 .027 .028 .028 .027 .027 .121 .118 .122 .116 .034 .087 ,034 .084 .035 .087 .033 .083 1.006 1.006 1.006 1.006 1.006 .644 .643 .640 .644 .649 .236 .112 .238 .112 .237 .112 .236 .112 .236 .112 .098 .098 .099 .098 .096 .026 .026 .027 .027 .028 .124 .124 .125 .129 .126 .036 .088 .035 .089 .035 .090 .037 .092 .036 .090 II SURVEY OF CURRENT BUSINESS 101 August 2000 Table 7.16.—Implicit Price Deflators for Private Inventories by Industry Group [Index numbers, 1996=100] Line Private inventories' Farm 1997 1996 2000 1999 100.24 99.97 99.60 99.06 99.23 98.54 97.85 97.08 95.99 95.43 95.81 96.56 97.68 98.28 99.75 99.66 104.14 103.48 103.04 100.39 99.17 94.50 87.47 85.77 91.21 91.21 90.79 92.73 99.28 98.07 98.78 99.03 98.38 98.50 98.23 97.73 98.07 97.31 97.31 97.54 97.03 96.73 96.99 96.40 96.26 96.37 96.12 96.22 96.06 96.42 97.03 96.50 97.71 97.01 99.90 98.77 97.41 100.52 99.82 97.68 102.57 100.45 97.72 103.97 Nonfarm Durable goods Nondurable goods 100.00 99.66 100.43 99.43 98.90 98.66 99.02 98.21 Manufacturing Durable goods Nondurable goods 99.75 99.38 100.35 98.90 99.10 98.59 98.47 98.86 97.84 98.81 98.27 98.37 98.76 97.74 97.31 98.01 96.19 96.45 97.11 95.38 95.58 96.05 94.83 94.41 94.92 93.59 94.23 94.44 93.91 95.11 94.96 95.40 96.50 95.74 97.80 97.38 96.34 99.14 98.43 96.79 101.19 99.09 96.46 103.49 99.19 99.74 98.27 98.72 99.33 97.69 97.95 98.90 96.35 98.17 98.56 97.53 97.49 97.99 96.67 96.76 97.50 95.53 96.28 96.93 95.19 95.54 96.34 94.21 95.37 95.87 94.54 95.34 95.69 94.75 95.70 95.77 95.63 96.74 95.96 98.15 97.40 96.40 99.21 96.70 102.02 98.84 96.85 102.40 98.90 99.74 97.46 101.02 99.75 102.90 98.62 99.35 97.38 99.28 99.15 99.46 97.91 98.94 96.14 98.19 98.63 97.51 98.10 98.61 97.25 98.59 98.24 99.12 97.53 98.04 96.66 97.25 97.64 96.67 96.93 97.55 95.86 95.66 97.10 93.49 96.45 96.99 95.54 95.13 96.52 93.04 96.39 94.50 94.54 95.95 92.42 95.64 95.93 95.16 93.59 95.47 90.71 95.44 95.76 94.91 94.65 95.22 93.80 95.64 95.84 95.32 96.11 95.23 97.57 96.53 96.06 97.40 98.13 95.29 102.81 97.11 96.51 98.22 99.32 95.60 105.39 98.14 96.83 100.55 101.64 95.79 111.26 98.28 96.99 100.66 102.51 95.93 113.35 Retail trade Durable goods Motor vehicle dealers., Other Nondurable goods 100.31 99.96 99.71 100.24 100.72 100.24 99.96 99.39 100.56 100.58 99.72 99.30 98.30 100.38 100.23 98.90 97.88 100.00 100.66 99.42 98.62 97.33 100.02 100.41 99.55 98.68 97.38 100.09 100.61 99.74 98.72 97.75 99.77 100.98 99.87 98.98 98.34 99.69 100.94 100.05 98.97 98.26 99.75 101.36 100.12 98.72 97.51 100.04 101.83 100.82 99.37 98.18 100.65 102.59 101.68 99.92 99.52 100.39 103.83 101.80 99.98 99.39 100.64 104.01 102.36 99.93 99.25 100.67 105.37 102.78 100.36 100.01 100.78 105.76 Other Durable goods Nondurable goods 102.93 100.91 103.07 98.58 101.95 98.33 98.35 102.16 99.91 101.55 99.78 97.89 101.19 97.63 96.74 101.41 96.37 96.46 101.35 96.07 95.34 101.25 94.83 100.60 94.36 95.02 101.40 94.49 97.23 103.40 96.72 99.77 102.50 99.59 102.90 99.15 101.45 104.05 101.30 103.86 103.70 103.97 Wholesale Durable goods . Nondurable gooi Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers . Durable goods Nondurable goods 1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown in tables 5.12 and 5.13. Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1998 1999 1997 1996 2000 1999 1998 IV I II III IV I II III IV 1 II III IV I II 1 100.00 104.43 108.99 113.60 101.51 102.60 104.08 105.16 105.88 107.57 108.35 109.27 110.77 111.73 112.42 113.98 116.27 117.65 119.14 2 3 100.00 104.01 108.38 113.41 101.47 102.35 103.34 104.90 105.44 106.50 107.96 108.74 110.30 111.53 112.61 113.86 115.64 117.54 118.75 4 100.00 106.59 113.17 120.08 101.89 103.87 106.23 107.73 108.55 111.97 111.62 113.03 116.07 116.90 117.77 120.80 124.84 126.79 128.89 5 g 100.00 105.48 111.55 119.66 101.79 103.22 104.26 107.06 107.37 109.10 110.60 111.63 114.87 116.42 118.44 120.58 123.22 126.64 127.92 DurablG goods Final sales Chano© in orivste inventories 7 8 g 100.00 100.00 110.38 109.43 121.28 119.47 131.80 131.58 101.60 102.41 105.19 104.73 110.53 107.69 112.48 112.58 113.29 112.73 119.07 115.82 118.78 118.23 121.17 119.44 126.09 124.39 126.85 126.44 128.46 129.96 133.65 133.41 138.26 136.51 142.10 142.58 146.45 145.32 Nondurable goods Final sales 10 11 12 100.00 100.00 103.44 102.20 106.50 105.08 110.55 110.06 102.13 101.26 102.75 101.95 102.64 101.41 103.76 102.51 104.59 102.93 106.11 103.58 105.70 104.36 106.33 107.87 105.25 ,107.13 108.74 108.29 109.04 109.14 110.41 110.27 113.99 112.55 114.49 113.97 114.89 114.17 Final sales of domestic product Chanoe in orivate inventories Goods Final sales : Services 13 100.00 10278 105.64 108.89 101.14 101.52 102.53 103.21 103.87 104.32 105.53 106.08 106.61 107.45 108.28 109.31 110.50 111.18 112.42 Structures 14 100.00 105.37 112.06 115.74 102.17 103.81 104.40 106.30 106.95 109.06 111.89 113.06 114.23 116.45 115.48 114.48 116.54 119.98 120.67 Addenda: Motor vehicle output Gross domestic product less motor vehicle output 15 16 100.00 100.00 106.70 104.35 115.34 108.76 126.35 113.15 98.88 101.61 102.29 102.61 102.08 104.15 108.59 105.04 113.85 105.60 113.77 107.35 111.97 108.22 109.28 109.27 126.34 110.22 123.46 111.32 123.96 112.01 127.71 113.50 130.25 115.77 130.35 117.20 129.87 118.76 102 • August 2000 SURVEY OF CURRENT BUSINESS Table 7.18B.—Chain-Type Quantity Indexes for Motor Vehicle Output [Index numbers, 1996=100] Seasonally adjusted Line 1996 1997 1998 1999 IV Motor vehicle output Auto output Truck output • 1 2 3 1997 1996 I II 1999 1998 III IV I II III IV I II 2000 III IV I II 100.00 100.00 100.00 106.70 101.14 111.38 115.34 102.58 126.04 126.35 102.34 146.35 98.88 96.24 101.11 102.29 97.41 106.41 102.08 98.20 105.35 108.59 103.58 112.81 113.85 105.37 120.98 113.77 104.52 121.54 111.97 95.18 126.06 109.28 100.61 116.55 126.34 110.02 140.01 123.46 103.19 140.39 123.96 102.24 142.10 127.71 99.97 150.77 130.25 103.97 152.13 130.35 103.88 152.39 129.87 97.71 156.57 4 100.00 103.46 113.54 121.07 101.35 101.38 97.24 106.25 108.97 109.92 116.10 108.30 119.82 116.92 121.81 122.51 123.04 129.35 122.90 Personal consumption expenditures New motor vehicles Autos Light trucks Net purchases of used autos 5 6 7 8 9 100.00 100.00 100.00 100.00 100.00 103.70 102.98 100.65 105.76 105.85 114.94 115.85 107.95 125.21 112.13 126.94 130.15 120.73 141.32 117.17 9838 99.03 98.92 99.16 96.48 103.02 100.80 101.11 100.44 109.58 97.22 96.49 94.04 99.40 99.43 106.81 106.49 103.78 109.72 107.77 107.76 108.14 103.65 113.47 106.61 109.68 107.90 103.80 112.78 115.16 115.39 119.01 110.66 128.92 104.32 111.57 111.59 103.65 120.99 111.39 123.13 124.90 113.70 138.15 117.64 122.10 125.02 114.83 137.07 113.15 128.55 130.62 121.66 141.23 122.20 127.69 130.75 120.09 143.33 118.39 129.43 134.24 126.32 143.66 114.95 138.07 144.92 133.18 158.77 117.57 132.24 138.16 129.97 147.88 114.50 Private fixed investment New motor vehicles Autos Trucks Light trucks Other Net purchases of used autos 10 11 12 13 14 15 16 100.00 100.00 100.00 100.00 100.00 100.00 100.00 106.63 106.08 101.50 110.44 118.65 94.74 104.10 116.21 114.41 100.62 127.63 132.05 118.99 107.80 131.60 126.83 106.96 145.85 149.20 139.13 109.19 104.22 102.09 96.80 107.16 112.65 96.56 94.52 104.95 105.25 104.01 106.42 114.42 91.03 106.34 103.52 103.55 100.95 106.02 114.27 90.23 103.71 107.42 106.56 101.74 111.15 119.71 94.82 103.47 110.61 108.95 99.31 118.17 126.20 102.89 102.85 112.45 111.46 100.47 121.97 129.47 107.69 107.87 117.83 117.05 102.98 130.55 140.37 111.97 114.27 110.14 107,75 92.21 122.66 121.98 123.44 98.94 124.42 121.37 106.82 135.34 136.39 132.88 110.14 125.64 121.17 102.64 138.92 141.34 133.93 104.61 128.98 125.19 108.94 140.81 142.84 136.53 111.20 137.38 132.44 110.99 152.96 159.04 141.18 114.14 134.41 128.53 105.29 150.72 153.56 144.88 106.81 138.07 132.91 109.78 155.00 163.55 138.69 113.79 132.50 126.47 101.04 150.71 157.67 137.33 104.20 17 18 19 100.00 100.00 100.00 105.47 91.19 113.39 114.33 95.32 124.94 118.29 99.01 129.04 104.25 118.84 96.29 100.59 92.89 104.87 104.83 86.34 115.11 119.49 98.20 131.34 96.97 87.34 102.24 100.76 83.54 110.40 127.82 100.61 143.17 107.42 103.15 109.50 121.33 93.98 136.68 111.39 90.77 122.90 102.22 88.86 109.62 123.73 108.11 132.38 135.82 108.30 151.25 123.54 86.04 144.75 118.02 92.87 132.14 20 21 22 23 24 25 26 100.00 100.00 100.00 100.00 100.00 100.00 105.28 98.31 118.31 109.74 108.65 115.03 100.51 94.43 111.91 116.94 118.91 107.48 96.65 94.99 99.94 142.99 142.71 144.23 103.10 99.86 109.21 99.14 99.45 97.67 99.84 95.82 107.42 110.32 109.60 113.74 103.30 100.42 108.73 109.73 109.39 111.37 108.62 99.79 125.13 111.95 109.82 122.24 109.37 97.22 131.97 106.97 105.78 112.75 111.29 100.16 131.97 112.37 112.45 112.01 101.51 91.12 120.81 113.79 117.32 96.81 90.40 86.55 97.65 113.26 114.79 105.86 98.86 99.87 97.22 128.34 131.06 115.24 94.66 94.09 95.96 134.81 134.40 136.66 98.08 98.33 97.91 138.79 137.38 145.46 95.51 91.69 102.74 148.85 149.45 145.96 98.34 95.86 103.14 149.50 149.62 148.84 100.25 96.79 106.83 153.68 154.15 151.37 99.58 96.73 105.05 152.11 156.33 132.05 36 100.00 104.82 115.38 128.35 100.69 103.65 99.76 107.44 108.45 110.39 116.68 110.91 123.54 123.04 127.83 131.09 131.46 137.60 131.88 37 100.00 108.49 113.39 124.11 103.27 108.26 106.39 109.06 110.25 112.27 118.15 104.30 118.83 118.35 122.68 130.51 124.90 131.63 124.06 100.00 100.00 99.66 108.26 97.99 123.41 100.70 144.38 94.89 101.86 98.26 106.84 99.40 102.14 101.26 111.41 99.71 112.65 98.19 118.11 91.09 124.75 97.73 117.35 104.96 133.43 100.45 134.78 99.59 144.11 101.90 145.99 100.85 152.66 105.06 152.30 102.04 148.74 Final sales of domestic product Autos New trucks Net exports Exports Autos Trucks Autos Trucks Change in private inventories Autos New Domestic Foreion used..: 27 28 29 30 31 32 z.z: i.:..:::....::.: :::: :::..: New trucks Domestic Foreign Addenda: Final sales of motor vehicles to domestic purchasers. Private fixed investment in new autos and new light trucks. Domestic output of new autos 2 Sales of imported new autos 3 33 34 35 38 39 1. Except for exports and imports, consists of new trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of personal consumption expenditures, private fixed investment, and gross government investment. SURVEY OF CURRENT BUSINESS August 2000 Table 7.19.—Chain-Type Quantity Indexes for Gross and Net Investment by Major Type [Index numbers, 1996=100] 1996 1997 1998 1999 100.00 100.00 100.00 112.12 106.38 121.86 126.08 114.39 145.92 134.36 124.58 150.96 100.00 109.56 122.48 100.00 106.38 114.39 100.00 115.33 137.15 133.70 124.58 150.26 112.22 107.10 126.03 126.78 116.19 155.35 139.56 Structures Less: Consumption of fixed capital.. Equals: Net structures 100.00 109.07 100.00 101.67 100.00 121.33 116.88 103.96 138.31 115.22 107.66 127.75 Equipment and software Less: Consumption of fixed capital.. Equals: Net equipment and software 100.00 100.00 100.00 113.30 108.63 128.52 130.33 119.73 164.84 148.74 133.73 197.61 100.00 100.00 100.00 102.04 110.47 102.65 105.33 101.64 113.92 117.56 108.90 123.36 100.00 100.00 100.00 105.02 103.19 109.23 110.30 107.08 117.71 120.23 112.35 138.31 Line Gross private domestic investment Less: Consumption of fixed capital Equals: Net private domestic investment Fixed investment Less: Consumption of fixed capital Equals: Net fixed investment Presidential 100.00 100.00 100.00 Less: Consumption of fixed capital Equals: Net nonresidential Residential Less: Consumption of fixed capital Equals: Net residential 127.76 171.42 Change in private inventories Gross government investment' Less: Consumption of fixed capital Equals: Net government investment Federal National defense Nondefense State and local Structures Less: Consumption of fixed capital Equals: Net structures Federal National defense Nondefense State and local Equipment and software Less: Consumption of fixed capital Equals: Net equipment and software Federal National defense Nondefense State and local , , 100.00 116.47 118.91 130.97 100.00 100.00 100.00 106.68 101.90 111.69 107.66 103.84 111.67 112.68 105.86 119.85 100.00 116.78 115.77 125.34 100.00 100.00 100.00 102.85 104.12 85.32 114.12 109.46 178.36 131.23 117.27 323.63 100.00 113.97 142.52 173.79 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; change in inventories is included in government consumption expenditures. 103 104 August 2000 SURVEY OF CURRENT BUSINESS Table 7.20.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Expenditure [Index numbers, 1996=100] Line 1996 1997 1998 1 100.00 103.56 108.42 114.15 2 100.00 100.95 102.96 106.43 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.) 3 4 5 6 7 100.00 100.00 100.00 100.00 100.00 100.19 102.49 100.77 108.78 98.76 102.49 104.89 102.62 109.79 95.88 106.33 109.76 103.65 110.58 89.96 Addenda: Food excluding alcoholic beverages (n.d.) Alcoholic beverages purchased for off-premise consumption (n.d.). Other alcoholic beverages (n.d.) 8 9 100.00 100.00 100.92 101.89 102.87 110.11 106.99 118.40 10 100.00 102.75 103.51 103.74 11 100.00 104.64 112.89 123.45 12 13 14 15 16 17 18 19 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.41 105,32 105.36 105.26 113.57 101.14 106.49 98.65 108.64 113.80 114.48 112.60 111.98 102.35 118.60 107.54 115.78 124.52 126.13 121.71 98.47 105.91 134.07 118.64 20 100.00 105.11 109.31 114.48 21 22 100.00 100.00 105.23 104.87 109.42 109.10 116.01 111.49 Personal consumption expenditures Food and tobacco Clothing, accessories, and jewelry Shoes (n.d.) Clothing and accessories except shoes 2 Women's and children's (n.d.) Men's and boys' (n.d.) Standard clothing issued to military personnel (n.d) Cleaning, storage, and repair of clothing and shoes (s.) Jewelry and watches (d.) Other Ms.) Personal care Toilet articles and preparations (n.d.) Barbershops, beauty parlors, and health clubs (s.) Housing Owner-occupied nonfarm dwellings—space rent 4 (s.) Tenant-occupied nonfarm dwellings—rent5 (s.) Rental value of farm dwellings (s.) Other 6 (s.) Household operation Furniture, including mattresses and bedsprings (d.) Kitchen and other household appliances ^ (d.) China, glassware, tableware, and utensils (d.) Other durable house furnishings8 (d.) Semidurable house furnishings9 (n.d.) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d). Stationery and writing supplies (n.d.) Household utilities Electricity (s.) Gas(s.) Water and other sanitary services (s.) Fuel oil and coal (n.d.) Telephone and telegraph (s.) Domestic service (s.) Other 1 0 (s.) Medical care Drug preparations and sundries 11 (n.d.) Ophthalmic products and orthopedic appliances (d.) Physicians (s.) Dentists (s.) Other professional services 12 (s.) Hospitals and nursing homes 15 Hospitals Nonprofit (s.) Proprietary (s.) Government (s.) Nursing homes (s.) Health insurance : Medical care and hospitalization14 (s.) See note at the end of the table. Line 1999 Chain-type quantity indexes 23 100.00 101.90 104.55 107.22 24 25 26 27 100.00 100.00 100.00 100.00 102.45 100.20 97.04 102.92 105.64 101.23 94.99 106.44 109.05 101.65 91.59 110.30 28 100.00 103.80 108.80 115.73 29 30 31 32 33 34 100.00 100.00 100.00 100.00 100.00 100.00 105.62 102.98 107.73 105.51 109.10 102.24 111.09 109.32 113.94 112.80 118.88 104.59 118.98 119.80 127.03 124.83 130.82 109.64 35 36 37 38 39 40 41 42 43 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.18 99.50 100.17 96.26 102.13 96.18 107.88 99.50 107.99 106.20 100.58 106.75 86.79 103.28 89.89 117.81 111.45 111.84 115.77 102.35 107.57 87.21 105.55 99.60 130.11 118.13 113.22 44 100.00 103.32 106.94 110.48 45 46 47 48 49 50 51 52 53 54 55 56 57 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 108.62 107.38 103.46 102.49 101.19 102.63 102.03 101.81 106.50 100.39 105.71 102.15 102.99 117.00 113.21 107.33 104.35 103.87 105.02 104.42 103.99 108.48 103.57 108.14 107.90 106.38 126.77 120.76 110.26 104.74 105.94 108.06 107.90 106.91 115.07 107.10 108.98 110.80 110.84 Income loss 15 (s.) Workers' compensation16 (s.) Personal business Brokerage charges and investment counseling (s.) Bank service charges, trust services, and safe deposit box rental (s.). Services furnished without payment by financial intermediaries except life insurance carriers (s.). Expense of handling life insurance and pension plans 17 (s.) Legal services (s.) Funeral and burial expenses (s.) Other 18 (s.) 67 i rsnsportdtion User-operated transportation1 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.) Taxicab (s.) Purchased intercity transportation ; Other 26 (s.) Recreation Books and maps (d.) Magazines, newspapers, and sheet music (n.d.) Nondurable toys and sport supplies (n.d.) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.). Video and audio goods, including musical instruments, and computer goods (d.). Video and audio goods, including musical instruments (d;) Computers, peripherals, and software (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.) Other 27 (s.) Religious and welfare activities 28 (s.) 87 90 1996 1997 1998 1999 100.00 93.26 100.00 99.24 119.59 100.00 106.20 111.67 100.00 116.86 139.39 100.00 106.40 120.51 95.55 111.52 100.00 106.45 110.63 118.35 100.00 100.00 100.00 100.00 100.00 104.16 102.61 99.59 103.85 102.01 104.75 102.75 109.79 103.01 106.16 99.00 116.41 104.15 110.32 117.43 100.00 100.00 100.00 100.00 100.00 100.00 104.25 100.65 105.85 104.44 103.13 107.50 110.61 107.95 112.13 122.36 109.48 110.56 117.98 120.73 117.17 139.78 118.18 114.71 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.19 103.33 102.41 100.85 100.26 102.12 103.64 106.59 103.83 104.33 99.24 105.63 100.81 105.57 106.64 103.70 112.96 107.00 108.32 111.37 107.76 100.81 108.06 102.46 107.74 109.83 108.03 113.67 111.19 109.73 113.39 112.82 101.33 100.00 107.94 118.10 132.10 100.00 100.00 100.00 100.00 104.27 104.63 106.11 106.24 107.58 114.27 119.89 116.44 117.14 127.05 140.51 131.37 100.00 121.29 152.61 192.90 100.00 100.00 100.00 100.00 100.00 100.00 100.00 106.97 161.80 105.37 105.93 103.57 105.26 105.05 120.75 258.08 104.60 111.33 108.62 113.06 108.82 140.05 391.49 103.06 122.48 112.68 115.50 115.25 100.00 100.00 100.00 100.00 100.00 100.42 101.86 106.67 99.56 104.47 104.64 101.67 112.02 99.75 107.71 107.31 104.55 121.86 100.70 112.75 100.00 102.97 106.27 109.43 100.00 100.00 100.00 101.19 102.30 107.69 102.78 102.52 117.86 104.61 102.64 126.94 100.00 99.15 104.93 106.33 100.00 100.00 100.00 100.00 108.40 149.57 102.82 104.26 120.25 164.57 100.07 106.32 124.09 174.71 102.23 120.17 119.60 172.56 133.05 Foreign travel and other, net Foreign travel by U.S. residents 29 (s.) Expenditures abroad by U.S. residents (n.d.) Less: Expenditures in the United States by nonresidents 30 (s.) Less: Personal remittances in kind to nonresidents (n.d.) August 2000 SURVEY OF CURRENT BUSINESS 105 Table 7.20.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Expenditure—Continued [Index numbers, 1996=100] Line 1996 1997 1998 1999 Chain-type price indexes 114 100.00 101.94 103.03 104.85 115 100.00 102.37 104.82 108.56 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.) 116 117 118 119 120 100.00 100.00 100.00 100.00 100.00 101.86 102.80 102.71 101.06 104.65 103.20 105.38 104.77 93.72 117.79 104.92 108.03 107.02 95.67 152.18 Addenda: Food excluding alcoholic beverages (n.d.) Alcoholic beverages purchased for off-premise consumption (n.d.). Other alcoholic beverages (n.d.) 121 122 100.00 100.00 102.21 101.59 104.08 102.17 106.09 104.35 Personal consumption expenditures Food and tobacco Clothing, accessories, and jewelry Shoes (n.d.) Clothing and accessories except shoes 2 Women's and children's (n.d.) Men's and boys' (n.d.) Standard clothing issued to military personnel (n.d) Cleaning, storage, and repair of clothing and shoes (s.) Jewelry and watches (d.) Personal care Toilet articles and preparations (n.d.) Barbershops, beauty parlors, and health clubs (s.) Housing Owner-occujbied nonfarm dwellings—space rent 4 (s.) Tenant-occupied nonfarm dwellings—rent5 (s.) Rental value of farm dwellings (s.) Other 6 (s.) Household operation Furniture, including mattresses and bedsprings (d.) Kitchen and other household appliances/ (6.) 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 1 0 (s.) : Medical care Drug preparations and sundries 11 (n.d.) Ophthalmic products and orthopedic appliances (d.) Physicians (s.) Dentists (s.) Other professional services n is.) Hospitals and nursing homes " Hospitals Nonprofit (s.) Proprietary (s.) Government (s.) Nursing homes (s.) Health insurance Medical care and hospitalization14 (s.) 123 100.00 103.38 106.31 109.41 124 100.00 99.79 97.89 96.54 125 126 127 128 129 130 131 132 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 99.84 100.06 99.74 100.65 100.45 102.43 96.07 102.40 98.86 97.86 96.90 99.59 101.23 103.68 92.55 103.52 96.31 96.39 94.96 98.98 101.56 105.89 90.27 105.70 133 100.00 101.24 102.96 105.05 134 135 100.00 100.00 100.20 103.38 101.71 105.52 103.21 108.81 136 100.00 102.96 106.25 109.40 137 138 139 140 100.00 100.00 100.00 100.00 102.90 102.80 106.33 104.33 106.13 105.99 113.31 108.62 109.15 109.25 122.90 112.25 141 100.00 101.02 100.43 100.09 142 143 144 145 146 147 100.00 100.00 100.00 100.00 100.00 100.00 99.90 99.48 99.34 100.40 97.84 101.01 99.70 98.21 101.09 100.79 95.69 102.70 99.46 96.04 98.69 99.51 94.59 104.51 148 149 150 151 152 153 154 155 156 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 104.41 102.16 100.37 107.14 102.50 100.78 100.22 102.57 102.78 107.20 99.82 96.50 105.14 105.87 91.53 98.84 105.48 104.97 106.45 100.21 95.83 105.73 108.23 92.92 96.35 108.55 108.68 157 100.00 102.19 104.41 107.04 158 159 160 161 162 163 164 165 166 167 168 169 170 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.49 101.54 101.34 104.64 103.94 101.95 101.61 102.02 100.84 100.83 103.71 102.61 103.85 103.77 103.41 103.51 109.07 106.45 104.45 103.82 105.03 101.58 101,58 107.65 100.52 107.13 107.58 104.43 105.80 114.17 108.18 107.00 106.09 107.58 103.34 103.33 111.57 103.03 109.80 NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.). See footnotes to table 2.4. 1997 Line 1996 15 171 172 Personal business 173 100.00 129.82 100.00 94.55 100.00 105.81 100.00 100.66 100.00 104.93 Income loss (s.) Workers' compensation 16 (s.) 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 (s.). Expense of handling life insurance and pension plans 17 (s.) Legal services (s.) Funeral and burial expenses (s.) Other 1 8 (s.) Trdnsportstion , » ,. 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 Gasoline and oil (n.d.) Bridge, tunnel, ferry, and road tolls (s.) Insurance 19 (s.) Purchased local transportation Mass transit systems (s.) Taxicab(s.) Purchased intercity transportation Railway (s.) Bus(s.) Airline (s.) Other 20 (s.) Recreation Books and maps (d.) Magazines, newspapers, and sheet music (n.d.) Nondurable toys and sport supplies (n.d.) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.). Video and audio goods, including musical instruments, and computer goods (d.). Video and audio goods, including musical instruments (d.) Computers, peripherals, and software (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.j. Spectator sports 21 (s.) Clubs and fraternal organizations 22 Is.) Commercial participant amusements 23 (s.) Pari-mutuel net receipts (s.) Other 24 (s.) , Education and research Higher education 25 (s.) Nursery, elementary, and secondary schools 26 (s.) Religious and welfare activities 28 (s.) Foreign travel and other, net Foreign travel by U.S. residents 29 (s.) Expenditures abroad by U.S. residents (n.d.) Less: Expenditures in the United States by nonresidents30 (s.) .... Less: Personal remittances in kind to nonresidents (n.d.) 174 175 1998 152.91 67.64 166.50 68.63 109.83 112.65 98.10 107.87 94.55 111.26 176 100.00 108.40 113.67 116.39 177 178 179 180 105.47 104.07 105.19 103.27 111.25 108.81 109.09 106.94 117.03 114.07 112.79 110.62 182 183 184 185 186 187 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 188 189 190 191 192 193 194 195 196 197 198 101.19 101.04 100.93 100.08 97.48 101.01 99.43 101.42 98.50 100.85 99.31 98.49 95.91 97.46 100.81 101.66 98.56 98.03 103.22 105.33 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.49 111.65 102.29 101.53 103.92 105.03 99.88 100.43 106.08 101.48 87.87 111.18 113.27 100.80 100.44 101.63 104.40 102.30 105.92 104.59 103.06 199 200 201 202 203 100.00 100.00 100.00 100.00 100.00 98.47 96.54 94.26 101.18 101.00 99.08 99.40 103.99 103.24 94.38 102.14 105.59 88.74 96.39 181 95.66 113.96 114.10 99.51 99.15 100.32 104.59 106.09 108.38 103.98 106.63 204 100.00 86.31 74.31 64.22 205 206 207 208 209 210 211 100.00 100.00 100.00 100.00 100.00 100.00 100.00 95.90 67.80 102.56 96.79 102.79 102.79 102.82 91.21 46.98 103.56 98.09 104.99 105.00 105.00 85.09 34.52 103.05 95.85 110.55 110.75 110.66 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 100.00 100.00 100.00 100.00 100.00 100.00 102.77 102.19 102.48 102.45 103.62 104.96 105.14 104.33 104.80 106.84 110.21 107.97 107.28 103.62 107.24 111.22 100.00 100.00 100.00 103.84 103.41 103.35 107.73 106.50 106.83 100.00 102.70 105.54 110.92 109.61 113.05 109.02 100.00 100.00 100.00 100.00 101.82 99.53 88.73 103.91 99.78 101.96 90.27 106.74 101.04 102.39 100.74 109.63 106 . August 2000 SURVEY OF CURRENT BUSINESS 8. Supplemental Tables, Table 8.1 .—Percent Change From Preceding Period in Selected Series [Percent] Seasonally adjusted at annual rates Line 1996 1997 1998 1999 IV Gross domestic product: Current dollars Chain-type quantity index . Chain-type price index Implicit price deflator 1997 1996 I II 1998 III IV I II 2000 1999 III IV I II III IV II I 1 2 3 4 5.6 3.6 1.9 1.9 6.5 44 1.9 1.9 5.7 44 1.3 1.3 5.8 4.2 1.5 1.5 6.4 4.6 1.6 1.7 7.3 4.4 2.9 2.9 7.9 5.9 1.9 1.9 5.5 4.2 1.2 1.2 4.2 2.8 1.4 1.4 7.6 6.5 1.0 1.0 4.1 2.9 1.1 1.1 5.0 3.4 1.5 1.5 6.8 5.6 1.1 1.1 5.9 3.5 2.2 2.3 3.9 2.5 1.4 1.4 6.7 5.7 1.1 .9 9.7 8.3 1.6 1.3 8.3 4.8 3.3 3.3 7.8 5.2 2.5 2.5 5 6 7 8 54 3.2 2.1 2.1 56 36 1.9 1.9 58 4.7 1.1 1.1 71 5.3 1.8 1.8 58 2.9 2.8 2.8 7.1 4.5 2.4 2.4 3.0 1.9 1.1 1.1 7.9 6.6 1.2 1.2 4.7 3.3 1.3 1.3 5.2 4.8 .4 .4 7.1 5.8 1.2 1.2 5.8 4.3 1.4 1.4 64 4.9 1.5 1.5 75 5.7 1.7 1.7 8.0 5.6 2.3 2.3 7.1 5.0 1.9 1.9 8.2 5.9 2.2 2.2 11.3 7.6 3.5 3.5 5.4 3.0 2.3 2.3 Durable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 9 10 11 12 45 5.6 -1.0 -1.0 42 66 -2.3 -2.3 80 106 -2.4 -2.4 97 12.4 -2.4 -2.4 32 5.0 -1.8 -1.8 9.0 10.5 -1.3 -1.3 -6.6 -3.1 -3.6 -3.6 191 23.1 -5.3 ^3.2 37 6.3 -2.5 -2.5 7.6 9.4 -1.6 -1.6 117 13.9 -1.9 -1.9 1.9 4.1 -2.1 ~2.1 19.1 23.9 -3.9 -3.9 60 8.6 -2.4 -2.4 12.8 15.0 -1.9 -1.9 5.9 8.0 -1.9 -1.9 11.0 13.0 -1.8 -1.8 21.2 23.6 -2.0 -2.0 -4.5 -3.9 -.7 -.7 Nondurable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 13 14 15 16 5.1 2.9 2.1 2.1 4.3 2.9 1.3 1.3 4.0 4.0 0 0 8.1 5.6 2.3 2.3 7.7 4.0 3.6 3.6 4.6 3.0 1.6 1.6 .1 .7 -.6 -.5 6.5 6.0 .5 .5 1.4 .6 .9 .9 3.3 4.7 -1.3 -1.3 5.4 5.8 -.3 -.3 5.6 4.3 1.2 1-2 6.5 5.2 1.2 1.2 9.8 7.8 1.8 1.8 9.0 3.8 5.0 5.0 7.8 4.9 2.8 2.8 11.2 7.4 3.6 3.6 11.7 6.0 5.4 5.4 7.1 3.5 3.4 3.4 Services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 17 18 19 20 57 2.8 2.8 2.8 65 3.3 3.1 3.1 63 3.9 2.3 2.3 62 3.7 2.4 2.4 53 1.9 3.3 3.3 8.0 4.2 3.7 3.6 6.6 3.5 3.0 3.0 6.5 3.9 2.5 2.5 6.6 4.2 2.4 2.4 5.7 4.0 1.6 1.6 7.0 4.3 2.7 2.7 6.6 4.3 2.3 2.3 4.0 1.3 2.7 2.7 6.7 4.1 2.5 2.5 6.5 4.6 1.8 1.8 6.9 4.5 2.3 2.3 6.2 3.8 2.3 2.3 9.2 5.2 3.7 3.7 6.7 4.2 2.4 2.4 21 22 23 24 8.7 90 -.3 -.3 11.9 121 -.2 -.2 11.5 125 -.9 -.9 6.5 66 -.1 -.1 .6 .7 -.3 -.2 13.0 13.6 -.3 -.6 24.1 24.7 -.6 -.5 2.3 2.3 0 0 8.4 8.8 -.3 -.3 30.1 33.1 -1.9 -2.2 -2.1 -1.1 -1.2 -1.0 7.9 8.2 -.5 -.3 10.1 10.2 -.3 -.1 4.9 3.3 .8 1.5 -.5 0 -.2 -.5 13.4 15.0 -.6 -1.4 16.5 17.9 0 -1.2 7.6 5.1 2.3 2.4 23.0 21.2 1.5 1.5 25 26 27 28 9.2 9.3 95 9.6 109 11.8 3 91 9.2 6.1 6.2 8.1 8.3 2 2 11.3 11.7 4 14.7 14.7 4.0 4.4 3 3 15.6 17.4 -1 6 13.5 14.8 -1 2 -1 2 4.7 5.2 4 11.7 12.1 3 3 9.9 9.2 7 7 8.7 8.7 7.2 7.2 o0 7.5 7.8 3 -.3 o0 19.4 16.4 26 2.6 17.1 15.3 1 6 1.6 29 30 31 32 90 10.0 -.9 -.9 11 1 12.2 -1.0 -1.0 108 13.0 -1.9 -1.9 86 10.1 -1.3 -1.3 91 10.0 -.8 -.8 9.7 10.9 -1.1 -1.1 12.6 14.0 -1.2 -1.2 181 19.1 -.9 -.9 23 3.9 -1.5 -1.6 17.0 20.1 -2.6 -2.6 12.8 15.6 -2.4 -2.4 1.7 3.5 -1.8 -1.8 11.3 13.2 -1.6 -1.6 8.9 9.5 -.5 -.5 8.0 9.6 -1.4 -1.5 10.1 11.8 -1.5 -1.6 8.6 9.5 -.8 -.8 23.1 21.0 1.8 1.8 20.7 19.1 1.4 1.4 Structures: Current dollars Chain-type quantity index Chain-type price index .. Implicit price deflator 33 34 35 36 9.9 7.1 2.7 2.7 13.7 9.1 4.2 4.2 10.7 7.2 3.3 3.3 .8 -1.4 23 2.3 27.1 23.0 3.4 3.4 11.5 6.4 4.8 4.8 1.3 -2.9 4.4 4.4 22.4 16.3 5.2 5.2 11.7 7.0 4.4 4.4 11.3 7.9 3.1 3.2 17.3 14.1 2.8 2.8 -3.3 -4.7 1.4 1.4 5.4 3.3 2.0 2.0 -.6 -3.4 2.9 2.9 -4.8 -6.2 1.5 1.5 -3.5 -6.2 2.9 2.9 13.7 9.7 3.6 3.6 28.1 22.3 4.7 4.7 16.7 13.0 3.2 3.2 Equipment and software: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 37 38 39 40 8.7 11.0 -2.1 -2.1 10.3 13.3 -2.7 -2.7 10.8 15.0 -3.6 -3.6 11.3 14.1 -2.5 -2.5 3.6 5.9 -2.2 -2.2 9.1 12.4 -3.0 -3.0 16.7 20.4 -3.0 -3.0 16.6 20.0 -2.8 -2.8 -.8 2.9 -3.5 -5.5 19.0 24.6 ^.5 -4.5 11.3 16.1 -4.2 -4.2 3.5 6.5 -2.8 -2.8 13.4 16.7 -2.8 -2.8 12.3 14.1 -1.6 -1.6 12.4 15.2 -2.4 -2.4 14.6 18.0 -2.9 -2.9 7.1 9.5 -2.1 -2.1 21.7 20.6 .9 .9 22.0 21.0 .8 .8 Residential: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 41 42 43 44 9.7 74 2.1 2.1 4.8 20 2.7 2.7 11.3 83 2.8 2.8 10.5 64 3.8 3.8 -2.2 -4.1 2.0 2.0 3.5 .9 2.5 2.5 7.4 5.1 2.2 2.2 5.1 2.1 2.9 2.9 9.6 5.8 3.6 3.6 11.3 9.6 1.6 1.6 15.8 12.6 2.9 2.9 14.4 10.3 3.7 3.7 13.0 8.9 3.7 3.7 13.0 8.2 4.3 4.4 10.6 5.9 4.4 4.4 .2 -3.1 3.4 3.5 3.2 .5 2.6 2.7 8.6 3.2 5.2 5.2 6.2 3.9 2.2 2.2 Exports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 45 46 47 48 68 8.2 -1 3 -1.3 106 12.3 -1 5 -1.5 0 2.3 -22 -2.2 25 2.9 -4 -.4 23.8 28.7 -3.8 -3.8 6.6 7.5 -.8 -.8 17.9 17.6 .3 .2 9.4 10.6 -1.1 -1.1 -2.5 -.8 -1.7 -1.7 -3.0 1.0 -3.9 -3.9 -4.9 -3.0 -1.9 -1.9 -6.1 -3.2 -3.0 -5.0 13.5 15.1 -1.4 -1.4 -8.3 -7.9 -.4 -.5 6.7 5.8 .9 .8 11.4 10.2 1.1 1.1 13.2 10.3 2.7 2.7 8.4 6.3 1.9 1.9 9.3 7.3 1.8 1.8 Exports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 49 50 51 52 5.9 8.7 -2.6 -2.6 11.4 14.5 -2.7 -5.7 -1.0 2.2 -3.1 -3.1 2.5 4.0 -1.4 -1.4 16.3 24.3 -6.5 -6.5 12.6 13.6 -.8 -.9 19.7 21.1 -1.1 -1.1 11.0 12.5 -1.3 -1.3 -2.5 .2 -2.7 -2.7 -5.2 -.6 -4.6 -4.6 -S.5 -6.7 -3.0 -3.0 -4.4 -.2 -4.2 -4.2 14.2 16.9 -2.3 -2.3 -10.9 -9.6 -1.4 -1.4 6.6 7.2 -.5 -.5 16.7 15.9 .6 .6 15.3 12.6 2.4 2.4 7.3 6.0 1.1 1.1 12.0 10.3 1.5 1.5 Exports of services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 53 54 55 56 9.0 6.8 20 2.0 8.5 7.0 14 1.4 2.3 2.4 -1 -.1 2.5 .5 19 1.9 44.1 39.8 3.0 3.0 -6.3 -5.8 -.6 -.6 13.4 9.4 3.7 3.7 5.5 6.0 -.5 -.5 -2.6 -3.3 .8 .8 2.9 5.2 -2.2 -2.2 7.1 6.4 .7 .7 -10.1 -10.0 -.1 -.1 11.8 10.8 .8 .8 -1.9 -3.8 1.9 1.9 7.0 2.8 4.2 4.2 -.3 -2.5 2.2 2.2 8.2 4.6 3.4 3.4 11.2 6.9 4.0 4.0 2.7 .2 2.5 2.5 Personal consumption expenditures: Current dollars Chain-type quantity index . .. . Chain-type price index Implicit price deflator Gross private domestic investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Fixed investment: Current dollars . Chain-type quantity index Nonresidential: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator See footnote and note at the end of the table. August 2000 • SURVEY OF CURRENT BUSINESS 107 Table 8.1 .—Percent Change From Preceding Period in Selected Series—Continued [Percent] Seasonally adjusted at annual rates Line Imports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1996 6.7 8.6 -1.8 -1.8 Imports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator... Imports of services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1997 1999 1997 1996 2000 1999 11.3 10.7 10.1 15.3 -4.5 -4.5 10.1 18.8 -7.3 -7.3 14.4 17.3 -2.5 -2.5 3.6 6.4 -2.5 -2.6 2.1 14.2 -10.7 -10.6 8.3 13.1 -4.1 -42 .3 5.5 -4.9 -3.6 5.8 11.9 -5.4 -6.4 11.9 12.2 -.2 -.3 2.1 4.5 -2.1 -2.3 22.5 16.2 5.5 5.4 23.8 16.9 6.0 5.9 16.6 10.7 5.3 5.3 18.3 12.0 5.6 5.6 16.8 17.0 -.2 -.2 6.7 9.4 -2.5 -2.5 9.5 14.2 -4.1 -4.1 5.1 11.8 -6.0 -6.0 12.7 12.5 .2 .2 8.9 14.5 -4.9 -4.9 10.8 21.5 -8.8 -8.8 13.8 16.2 -2.1 -2.1 3.2 6.0 -2.6 -2.6 .7 13.1 -11.0 -11.0 7.8 14.4 -5.7 -5.7 -1.4 4.6 -5.7 -5.7 13.0 14.4 -1.1 -1.2 4.3 7.1 -2.4 -2.6 25.0 19.0 5.1 5.1 26.3 19.0 6.2 6.2 18.0 11.2 6.1 6.1 18.5 11.2 6.6 6.6 17.7 17.0 .6 6.6 4.8 1.7 1.7 10.3 10.9 9.5 12.2 -2.3 -2.3 16.7 20.0 -2.8 -2.7 6.2 5.7 .5 .5 17.5 23.1 5.9 8.3 -2.2 -2.2 9.4 20.0 -8.8 -8.9 11.0 6.7 4.1 4.0 -1.0 6.9 2.2 4.7 4.6 -8.3 -7.7 -.7 -.7 10.1 2.5 7.5 7.4 11.5 6.3 4.9 4.9 9.5 8.2 1.1 1.1 17.1 16.6 .4 .4 11.8 17.1 -4.6 -4.6 3.6 1.1 2.5 2.5 4.6 2.4 2.2 2.2 3.6 2.1 1.4 1.4 4.4 2.4 1.9 1.9 5.8 1.1 4.6 4.6 7.6 6.4 1.2 1.2 3.2 2.2 1.0 1.0 2.8 .1 2.6 2.6 -.2 -1.0 .8 .8 8.5 7.3 1.1 1.1 3.1 1.4 1.6 1.6 4.4 2.8 1.6 1.6 7.4 3.7 3.6 3.6 3.9 .8 3.2 3.1 11.8 8.5 3.0 3.0 5.2 -1.1 6.4 6.4 6.0 2.4 2.4 1.9 -.9 2.9 2.9 1.2 -.4 1.6 1.6 .4 -.5 1.0 1.0 .3 -1.4 1.7 1.7 -.2 -4.4 4.3 4.4 11.2 10.4 .7 .7 -1.5 -1.1 -.5 -.4 -1.8 -3.7 2.0 2.0 -7.8 -9.1 1.4 1.4 13.4 12.9 .4 .5 -2.6 -3.2 .6 .6 5.0 3.7 1.2 1.2 4.5 -2.2 6.9 6.9 3.0 2.0 1.1 1.0 15.7 13.2 2.2 2.2 -7.5 -14.2 7.7 7.8 18.1 17.5 .6 National defense: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1.8 -1.3 3.2 3.2 -1.2 -2.6 1.4 1.4 -1.0 -1.7 .8 .8 -.7 -2.4 1.7 1.7 -9.4 -12.5 3.6 3.6 10.3 10.5 -.2 -.2 -.2 .1 -.4 -.4 -.4 -2.2 1.9 1.8 -16.7 -17.7 1.2 1.2 13.1 13.1 0 0 6.7 5.8 -1.3 -2.4 1.1 1.1 3.1 -3.1 6.5 6.4 -1.3 -2.3 1.1 1.0 14.5 12.3 2.0 2.0 15.2 12.6 2.4 2.3 -14.1 -19.8 7.1 7.1 18.2 17.2 Nondefense: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 2.1 0 2.2 2.1 3.1 1.8 1.3 1.3 2.3 .7 1.6 1.6 20.5 13.8 5.9 5.9 12.9 10.1 2.5 2.6 -3.8 -3.3 -.6 -.5 -A.b -6.6 2.3 2.2 11.0 9.1 1.7 1.7 14.0 12.5 1.3 1.3 -17.6 -17.6 .1 .1 17.9 16.1 1.5 1.5 7.2 -.4 7.7 7.6 11.3 10.2 1.0 1.1 -.4 -2.2 1.8 1.8 16.6 14.4 1.9 1.9 5.3 -3.3 8.9 8.9 17.9 17.8 .1 .1 State and local: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 5.3 3.6 1.7 1.7 6.9 4.8 2.1 2.1 9.4 4.4 4.8 4.8 5.7 4.2 1.4 1.4 5.9 4.1 1.8 1.8 4.3 3.8 .5 .5 5.9 4.4 1.4 1.4 4.1 2.3 1.8 1.8 9.0 7.0 1.9 1.9 7.6 3.7 3.8 3.8 9.8 6.1 3.5 3.5 12.6 6.6 5.7 5.7 3.9 .5 3.4 3.4 Addenda: Final sales of domestic product: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 5.5 4.2 1.3 1.3 6.6 3.5 2.9 2.9 7.5 6.2 1.2 1.2 7.0 5.9 1.1 1.1 6.8 4.5 2.2 2.2 8.1 6.4 1.6 1.6 10.3 6.7 3.4 3.4 4.2 2.5 2.5 6.4 5.5 .8 .8 7.8 5.3 2.4 2.3 6.1 5.1 1.0 1.0 5.0 3.6 1.3 1.3 5.7 4.4 1.1 1.2 6.7 5.4 1.2 1.2 7.0 4.9 1.9 2.0 10.2 8.4 1.9 1.7 9.6 5.6 3.8 3.8 8.8 6.5 2.2 2.2 6.2 5.4 .8 .8 7.0 4.5 2.4 2.4 8.1 7.0 1.0 1.0 4.3 2.9 1.3 1.3 5.1 3.9 1.2 1.2 6.9 5.7 1.2 1.2 7.9 5.9 1.9 1.9 7.4 5.2 2.0 2.0 8.7 6.6 2.0 2.0 11.6 7.5 3.8 3.8 7.9 5.6 2.2 2.2 9.7 8.3 1.5 1.3 8.6 5.1 3.4 3.4 8.0 4.7 6.8 4.5 5.5 1.9 5.8 3.4 -1.3 26.6 -22.3 -22.0 46.0 76.2 -17.2 -17.2 34.3 56.8 -14.4 -14.3 .....< Government consumption expenditures and gross investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Federal: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 13.7 ; Gross domestic purchases: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Final sales to domestic purchasers: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 97 98 99 100 Gross national product: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 101 102 103 104 5.5 3.5 1.9 1.9 5.5 4.2 1.2 1.2 6.9 3.9 2.9 2.8 5.2 4.0 1.2 1.2 4.0 2.5 1.4 1.4 7.8 6.7 1.0 1.0 4.2 2.6 1.5 1.5 7.1 5.9 1.1 1.1 6.0 3.6 2.2 2.3 3.8 2.3 1.5 1.4 Command-basis gross national product: Chain-type quantity index 105 3.6 4.7 4.4 4.2 2.6 7.7 2.8 5.8 3.8 1.8 Disposable personal income: Current dollars Chained (1996) dollars 106 107 4.7 2.5 5.1 3.1 5.9 4.8 5.5 3.0 5.2 3.9 6.3 4.9 7.0 6.6 5.1 3.6 5.1 3.6 4.7 2.9 5.1 2.8 108 109 110 111 11.2 55.3 -28.4 -28.4 9.9 50.9 -27.1 -27.1 1.2 41.5 -28.5 -28.5 19.4 60.4 -25.8 -25.6 -8.9 12.4 -19.2 -19.0 2.6 46.2 -31.0 -29.8 -3.4 59.4 -39.0 -39.4 -6.3 30.5 -27.8 -28.2 -.8 43.5 -30.1 -30.9 26.6 56.4 -19.1 -19.1 5.0 1 Final sales of computers : Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator 6.3 47.2 -27.8 -27.8 -5.3 33.0 -28.9 -28.8 19.7 67.6 -28.0 -28.6 21.7 65.4 -26.6 -26.4 -1.7 41.7 -30.3 -30.6 33.3 -21.8 -21.5 Gross domestic product less final sales of computers: Current dollars Chajn-type quantity index Chain-type price index Implicit price deflator Gross domestic purchases less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1. For some components of final sales of computers, includes computer parts. NOTE.—Contributions to the percent change in real gross domestic product are shown in table 8.2. 7.5 4.7 2.7 2.7 5.5 3.1 2.4 2.3 10.3 8.1 2.2 2.0 8.5 5.9 2.4 2.4 108 August 2000 SURVEY OF CURRENT BUSINESS Table 8.2.—Contributions to Percent Change in Real Gross Domestic Product Seasonally adjusted at annual rates Line 1997 1998 1999 1996 1998 1997 1999 2000 Percent change at annual rate: Gross domestic product 3.6 4.4 4.4 4.2 4.6 4.4 2.14 2.39 3.12 3.01 5.9 4.2 2.8 6.5 2.9 3.4 5.6 3.5 2.5 5.7 8.3 4.8 5.2 Percentage points at annual rates: Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods .... Other 3.52 1.94 .44 .04 .30 .11 .51 .11 .31 .09 .81 .32 .36 .13 .96 .35 .44 .39 -.09 .34 .17 .12 .19 .05 .24 .58 .11 .17 .04 .27 .79 .23 .24 .02 .29 1.10 .39 .29 .05 .37 1.32 4.29 2.20 3.24 3.77 2.83 3.29 3.73 3.67 3.43 4.08 5.03 2.08 .13 .78 .48 .24 .07 -.23 -.59 .33 .02 1.60 1.02 .41 .18 .48 .09 .29 .09 .71 .22 .38 .11 1.02 .65 .21 .16 .32 -.35 .51 .16 1.72 1.18 .44 .11 .67 -.01 .44 .24 1.14 .62 .41 .11 .64 -.02 .45 .20 1.04 .27 .52 .25 1.79 .87 .56 .37 -.32 -.58 .24 .02 .79 .17 .14 .04 .44 .60 .29 .14 0 .17 .16 -.05 .12 -.22 .20 -.01 .16 .93 .26 .37 -.04 .33 1.10 .52 .20 .08 .31 .84 .36 .03 .07 .37 1.02 .49 .30 -.01 .24 1.48 .27 .63 .05 .53 .75 .24 .14 .10 .27 .97 .41 .24 -.02 .34 1.47 .90 0 .14 .15 1.16 .26 .48 .03 .40 1.19 .28 .63 -.26 .54 .72 .19 .18 .10 .26 1.52 .23 .18 -.04 .22 .13 .34 .01 .64 1.61 .24 .52 .34 .18 .05 .23 .10 .47 1.67 .21 .38 .17 .21 .02 .19 .15 .73 .54 .21 -.34 .12 .73 1.65 .30 .43 .33 .11 .15 .12 .03 .62 .11 .07 .17 .11 .33 1.58 .29 .37 .20 .18 .11 .27 .13 .41 1.78 .25 .18 -.01 .18 .11 .35 .16 .73 1.81 .25 .39 .23 .16 .14 .36 .18 .49 .11 .36 .10 2.04 .23 .23 .09 .14 .12 .22 .24 .94 1.00 1.68 .28 .24 .14 .10 .09 .31 .22 .55 1.42 5.04 -.18 1.40 1.75 .60 .01 2.50 3.04 .92 3.57 2.31 1.83 .43 1.40 .84 1.49 1.15 -.11 1.26 1.13 1.43 1.18 -.20 1.38 1.21 1.33 1.47 -.19 1.66 1.20 1.26 .44 -.16 .60 .73 1.95 1.58 .11 1.47 .81 1.22 .29 .94 .91 2.68 2.54 .63 1.91 1.37 2.58 2.41 .40 2.01 1.43 .25 .39 .09 .04 -.22 .05 .41 .35 .36 .10 .45 .33 .42 .09 .26 -.18 .25 .43 .48 .29 -.22 .37 .40 .40 .33 -.18 .07 .24 .34 .23 .53 .15 .17 -.13 -.02 .03 .34 .39 .63 .26 .06 .23 .14 .55 .51 .37 .26 .17 .15 .17 -.20 .47 -.68 -.89 -.28 -.62 -1.42 .01 -1.44 -.14 1.32 1.78 .49 1.29 -1.76 -.15 -1.60 .10 -1.35 -1.08 -.37 -.94 1.05 1.09 .94 .67 .46 .21 -1.61 -1.28 -.33 -.09 Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other 1.10 .12 .18 .05 .13 .17 .22 .12 .29 1.29 .19 .13 -.02 .15 .16 .27 .11 .43 1.53 .26 .19 .03 .16 .08 .30 .09 .61 1.46 .25 .17 .01 .16 .10 .26 .13 .55 .76 .18 .40 .21 .19 .17 .43 .07 -.48 1.62 .21 -.02 -.16 .89 1.40 .19 .23 .11 .12 .09 .34 .09 .45 Gross private domestic investment 1.37 1.91 2.06 1.15 .15 2.06 3.69 .38 Fixed investment Nonresidential Structures Equipment and software Information processing equipment and software. Computers and peripheral equipment Software1 Other Industrial equipment Transportation equipment Other Residential 1.39 1.10 .20 .91 .62 1.47 1.39 .26 1.13 .77 1.87 1.54 .22 1.32 1.53 1.26 -.05 1.30 1.03 .95 1.12 .61 .51 .44 1.24 1.20 .19 1.01 1.76 1.56 -.09 1.65 2.20 2.12 .46 1.65 1.09 .47 .21 .26 .50 2.67 2.30 .25 2.05 1.12 .34 .18 .11 .07 .14 .07 .36 .30 .11 .05 .15 .16 .38 .37 .13 .08 .21 .15 .33 .39 .40 .25 .01 .27 -.01 .27 .22 .17 .05 .04 -.05 .07 -.17 .39 .39 .11 -.08 -.02 .22 .04 .44 .37 .05 .26 .32 .21 .20 .46 .36 .27 .08 .26 .21 .09 .18 .33 -.01 .06 -.28 -.03 .22 .51 .35 .25 .11 .51 .31 .37 .35 .39 .10 .07 .28 .22 .48 Change in private inventories Farm Nonfarm -.02 .24 -.26 .44 -.05 .49 .20 -.02 .22 -.37 -.01 -.37 -.80 -.59 -.21 -.24 1.06 .37 -2.19 .73 -.16 .89 2.37 .12 2.25 -2.50 -.37 -2.13 .55 -.21 .75 Net exports of goods and services -.15 -.29 -1.20 -1.03 2.10 -.92 -.84 -.88 -1.61 -1.91 -1.04 .05 -1.44 1.35 .26 .18 .08 -1.46 .32 .30 .02 -1.35 2.86 -.10 .02 -.11 -.79 -.62 -.17 -.34 -.55 .21 -1.73 -1.35 -.39 -1.57 -1.43 -.14 -.35 -.01 -.34 -.68 -.48 -.20 1.54 1.21 .33 -1.32 -.04 1.59 .31 -2.17 -2.05 -.11 1.19 .99 .20 -2.03 -1.60 -.43 .13 -.05 .17 -1.21 -.24 1.75 1.12 -.76 -.76 0 .84 1.04 -.20 -1.76 -1.39 -.37 -1.49 -1.44 -.05 -.89 -.76 -.13 -.55 -.72 .17 1.14 .40 .03 1.24 .25 .50 -.07 .01 -.18 .19 -.07 0 -.07 -.24 -.09 -.10 .01 -.15 -.04 -.11 -.60 -.79 -.62 -.18 .20 -.04 .23 -.20 .23 -.02 .25 -.42 -.32 -.10 .23 -.09 .06 Exports Goods Services Imports Goods Services .89 .68 .22 Government consumption expenditures and gross investment. Federal National defense Consumption expenditures Gross investment Nondefense : Consumption expenditures Gross investment State and local Consumption expenditures Gross investment Addenda: Goods Services Structures Motor vehicle output Final sales of computers2 45 .21 .82 1.93 .06 1.87 1.90 -1.82 .09 .56 -1.04 -.94 -.09 1.12 .23 -1.64 -1.43 -.21 .21 .43 .38 .59 .45 .21 -.06 -.06 -.08 .02 0 -.04 .04 -.03 -.12 -.05 -.07 .09 .07 .02 -.03 -.07 -.09 .02 .04 -.02 .06 .16 -.09 -.10 .14 -.24 .02 .08 -.06 -.29 -.58 -.38 -.20 .19 .10 .66 .44 .35 .09 .22 .10 .12 .27 .20 .07 .45 .25 .21 .41 .33 .08 .54 .28 .26 .50 .11 .39 .48 .30 .19 .46 .33 .14 .27 .32 -.06 .44 .37 .07 1.84 1.23 .50 0 .45 2.47 1.50 .46 .23 .44 2.32 1.49 .56 .28 .38 1.62 2.45 .57 -.76 .29 2.95 .85 .56 .48 .51 3.48 2.20 .21 -.02 .51 2.15 1.44 .64 .87 .50 1.16 1.39 .22 .69 .12 4.80 1.02 .71 -.01 .40 1. Excludes software "embedded," or bundled, in computers and other equipment. 2. For some components of final sales of computers, includes computer parts. .14 .26 .07 .32 -.21 -.35 .14 2.28 1.64 .30 .34 .40 .29 -.47 2.46 .93 -.22 .36 -.46 .51 .08 .15 .45 -.13 -.13 1.17 .09 .48 1.58 .29 -.22 -.32 .10 -1.51 .78 .77 .01 -1.89 -.05 1.13 -.08 -2.13 -1.99 -.13 .15 -1.45 -1.28 -.17 .64 .13 .84 1.50 .12 -.09 -.20 .10 .21 -.06 .27 .41 .46 .36 .10 .79 -.93 -.15 .32 .29 .03 -.13 -.12 -.14 .02 -.01 -.05 .04 .48 .46 .03 .30 .10 .20 -.86 -.82 -.04 -.07 .05 -.12 .45 .31 .14 .27 .26 .02 .78 .21 .57 .01 .24 -.23 .43 .31 .12 .71 .30 .41 .75 .29 .46 .07 .27 -.20 1.93 1.14 .38 -.33 .47 4.07 1.13 .39 2.12 .27 1.13 1.69 .72 -.34 .35 1.63 3.92 2.09 -.31 .06 .44 -.31 .45 .55 5.14 2.45 .67 .31 .25 2.41 1,34 1.09 .01 .60 2.56 2.41 .23 -.05 -1.95 1.14 -.05 .01 -.06 -2.29 -1.94 -.35 1.05 .98 .61 .58 .03 .37 .27 .10 .51 NOTE.—The quantity indexes on which the estimates in this table are based are shown in tables 7.1, 7.2, 7.4, 7.6,7.9, 7.11, and 7.17. SURVEY OF CURRENT BUSINESS 109 August 2000 Table 8.3—Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 1997 1998 1999 1996 1997 2000 Percent change at annual rate: Personal consumption expenditures 2.9 4.5 1.9 6.6 3.3 4.8 5.8 1.45 .58 1.17 -.36 2.44 .72 1.06 .53 .66 .26 -.14 .51 .20 .72 .35 .10 .50 .03 1.54 .62 .28 .14 .44 .14 .33 .57 .16 1.64 1.18 .91 .21 1.79 .19 .26 .21 .06 .10 -.05 .43 .22 0 .06 -.05 .26 -.08 -.14 .21 .13 .08 .22 .40 73 .06 .04 .02 .61 -.33 .29 -.02 .01 -.03 .24 3.2 3.6 4.7 5.3 .66 .77 1.22 .16 .47 .14 .48 .55 .19 .87 1.18 .35 .16 .25 .06 .07 -.01 .40 .34 .37 .03 .05 -.02 .44 .43 .07 .05 .02 .55 1.64 4.3 4.9 1.55 .49 .99 .33 .24 -.52 .76 .24 1.38 1.70 .39 .56 -.06 .04 -.10 .50 .81 .30 .12 .09 .03 .47 5.7 5.6 2.58 1.02 1.76 .65 .16 -.01 .66 .36 1.27 1.53 .55 .05 .10 .09 .01 .56 .74 .45 -.01 0 5.0 5.9 7.6 1.71 .95 1.52 2.67 -.48 .93 .62 .16 -.03 .67 .30 .39 .77 .36 1.29 .83 .55 .35 .02 2.25 1.14 1.43 2.14 1.81 1.05 .38 .21 .15 .11 .04 .41 .61 .35 -.03 -.05 .02 .50 1.32 0 .12 .17 -.05 .70 .44 .94 -.01 .36 .42 .95 .07 .02 .06 .81 -.38 -.34 -.04 .81 .27 .26 .14 .10 .05 .38 3.0 Percentage points at annual rates: Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Addenda: Energy goods and services' Personal consumption expenditures less food and energy. 1.92 2.30 2.20 1.13 2.44 2.04 2.36 2.43 2.38 2.55 2.52 .80 2.42 2.71 2.67 2.27 3.10 2.44 .17 .26 .07 .19 .26 .33 .18 .43 .19 -.02 .22 .23 .40 ,17 ,64 .39 .28 .04 .24 .13 .45 .13 .92 .38 .26 .02 .24 .14 .39 .20 .83 .27 .60 .31 .28 .25 .64 .10 -.71 .32 -.03 -.24 .22 .39 .36 .28 -.06 .34 .20 .53 .01 .37 .78 .51 .27 .07 .36 .15 .71 .47 -.31 -.53 .21 .13 .83 .32 .57 .25 .32 .03 .28 .22 1.10 -.01 .28 .17 .54 .24 1.10 .37 .57 .34 .23 .21 .53 .27 .72 .42 -.34 -.48 .14 .49 .44 .56 .29 .27 .16 .42 .20 .63 .39 .27 1.09 .47 .66 .50 .16 .22 .20 .04 .96 .31 -.52 -.69 .17 1.33 .27 .34 .16 .18 .13 .50 .14 .66 .51 .15 1.37 .36 .35 .14 .21 .18 .34 .36 1.51 .40 .35 .21 .14 .13 .45 .32 .79 .14 2.87 .04 3.36 4.28 .09 4.62 .37 2.26 -.24 4.33 .37 1.60 0 6.19 5.02 .62 4.39 .35 3.37 -.70 4.87 .37 4.89 .14 5.05 .31 4.13 -.35 4.96 -.24 7.38 .35 2.38 .11 .31 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.4. The estimates in this table differ from those in table 8.2 because this table shows contributions to real personal consumption ex- .49 3.18 .18 ,10 .25 .17 .16 penditures, whereas table 8.2 shows contributions to real gross domestic product. Table 8.4.—Contributions to Percent Change in Real Private Fixed Investment by Type Seasonally adjusted at annual rates Line 1996 1997 1998 1999 1997 1996 1999 2000 Percent change at annual rate: Private fixed investment 6.2 9.3 9.6 11.8 7.42 9.03 9.71 7.54 7.23 1,32 1.72 1.41 1.25 -.07 .25 .96 .60 -.11 1.28 -.07 .45 .05 -.16 0 -.28 -.13 .04 -.23 .04 3.94 3.29 .43 .28 -.06 6.10 4.19 7.31 5.00 8.31 7.82 5.53 2.26 1.20 .74 .45 .96 .50 2.35 1.95 .70 .30 .96 1.06 2.38 2.34 .82 .53 1.33 .92 1.92 .53 1.02 .17 .70 .52 -.04 .13 .43 .03 .02 8.3 5.2 9.2 8.7 11.7 14.7 4.4 17.4 14.8 7.97 10.28 13.96 2.96 14.87 11.70 171 9.76 7.08 7.12 1.28 1.00 -.79 1.10 -.03 -.48 -.74 .04 .21 .02 3.08 2.66 .35 -.11 .17 1.33 1,70 1.87 1.47 -.78 -.87 2.75 1.80 .44 .40 .12 -.92 -.45 .74 1.43 .12 -.58 .19 -.16 -.61 0 -1.11 -1.64 -.04 .28 .28 6.68 5.75 10.75 6.21 3.29 2.86 5.59 10.87 7.10 13.18 7.13 8.95 5.30 3.62 4.36 9.03 4.96 7.66 6.75 2.33 2.40 1.49 ,06 1.62 -.07 1.40 1.12 .34 .28 -.28 .43 2.49 2.53 .73 -.47 -.07 1.47 2.85 2.39 .35 1.72 2.08 1.37 2.97 2.38 1.76 .60 1.76 1.42 -1.73 -.15 3.24 2.25 1.64 .78 3.26 2.01 2.18 2.47 .65 ,47 1.79 1.39 1.47 2.36 .54 .22 -1.28 .32 2.11 2.18 .67 .02 5.28 -1.24 2.07 1.62 -1.05 .33 1.39 .71 1.41 2.51 3.13 2.48 2.04 1.36 -.02 .70 1.57 .86 .12 .60 -1.08 -.98 .18 -.28 .34 -.43 .50 .27 1.37 .53 .27 .57 .68 -.04 -.28 1.39 2.48 1.78 -.02 .99 .61 .43 .35 .71 3.07 2.44 -.41 1.04 2.46 1.83 -.05 .69 .03 .05 .03 .03 .04 .02 .03 .06 .02 9.2 12.1 7.8 7.2 16.4 15.3 7.04 15.37 14.17 Percentage points at annual rates: Nonresidential Structures . Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures Equipment and software Information processing equipment and software. Computers and peripheral equipment' Software 2 Other Industrial equipment Transportation equipment Other Residential Structures Single family Multifamily Other structures .. Equipment 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.6. The estimates in this table differ from those in table 8.2 because this table shows contributions to real private fixed investment, whereas table 8.2 shows contributions to real gross domestic product. -.63 .38 .58 1.00 1.63 3.10 1.13 2.05 -.08 .41 .19 -.52 -1.09 -1.20 .11 .19 -.20 1.66 .53 .11 .92 .10 3.80 3.26 .26 .43 -.15 2.38 2.82 -.55 .14 -.04 8.23 7.13 9.67 6.95 5.38 5.26 11.57 8.15 11.79 8.31 2.40 2.38 1.97 -1.01 .46 1.46 2.68 1.95 2.50 .54 1.57 -1.00 2.50 2.77 1.68 .86 2.60 -.73 1.35 3.04 .87 1.00 -.78 -.10 2.02 2.38 3.75 1.59 .45 1.38 3.14 2.97 2.20 1.56 1.03 .90 2.34 2.13 1.56 -.74 .18 1.00 1.11 2.28 1.46 .20 .63 2.07 .89 .52 .67 .14 .31 -.08 1.26 -.78 -.77 .06 -.07 .91 2.02 .25 -1.35 1.08 -.07 -.01 1.16 .05 .06 .07 .04 .04 .09 .03 -.14 .90 110 • August 2000 SURVEY OF CURRENT BUSINESS Table 8.5.—Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product Seasonally adjusted at annual rates Line 1996 1996 1997 1997 1999 2000 Percent change at annual rate: Exports of goods and services . 8.2 12.3 2.3 2.9 28.7 7.5 17.6 10.6 -0.8 1.0 -3.0 -3.2 15.1 -7.9 5.8 10.2 7.3 10.3 6.3 10.82 8.84 4.31 7.26 1.38 .95 6.98 .93 .51 .07 -.41 2.80 2.95 -.04 .29 .54 1.04 1.03 1.37 .04 -.22 .97 8.21 -.52 -.33 -.86 -.64 1.43 1.99 .07 16.9 10.7 12.0 17.0 14.42 2.61 Percentage points at annual rates: Exports of goods' Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods, except automotive Other . .„. Exports of services' 6.19 10.20 1.55 2.78 17.76 9.22 14.63 8.78 .12 -.49 -4.86 -.09 11.77 -6.82 -.10 .79 4.43 .31 .58 .18 .01 1.40 6.51 .97 .78 .53 -.05 -.17 1.32 2.02 3.27 10.66 -.84 1.49 1.16 -1.16 .18 6.83 1.80 1.02 .55 -.19 2.98 8.96 1.25 1.16 .46 .35 1.09 5.92 1.40 -.04 .06 1.23 -.52 -1.12 -.26 .07 .72 -.39 -.29 -.09 .50 .04 -.25 -1.14 -1.24 -1.88 -1.94 .58 .77 -.76 -.66 3.02 -.10 .20 .36 .13 .12 1.72 .22 .18 .40 -1.77 .44 -.35 1.69 .55 4.91 2.85 -.67 2.43 -1.38 -1.40 -2.55 -.83 .37 -1.03 1.97 2.07 .70 .15 10.97 -1.71 2.96 1.81 -.96 1.47 1.84 -3.10 3.31 -1.07 1.09 1.48 1.18 .88 .07 .30 1.11 2.44 .85 Percent change at annual rate: 8.6 Imports of goods and services . 13.7 11.9 10.7 6.3 15.3 18.8 17.3 6.4 14.2 13.1 5.5 12.2 4.5 16.2 Percentage points at annual rates: Imports of goods > Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products. Petroleum and products Capital goods, except automotive Automotive vehicles, engines, and parts . Consumer goods, except automotive Other Imports of services' 7.84 11.89 9.86 10.39 6.30 12.17 17.62 13.70 5.04 11.08 11.87 3.88 11.79 5.82 .37 .78 .38 1.09 .28 1.39 .34 .60 .18 .24 .25 .57 1.96 .85 1.28 -.11 .76 .48 2.21 .11 2.09 .24 .41 .04 -.16 .50 -.44 .53 4.13 .48 1.28 .27 .34 5.79 1.12 2.54 .62 .41 3.51 .88 2.48 .91 0 3.58 2.60 -1.29 5.88 -2.18 2.63 .24 -.55 5.97 4.47 1.41 .40 2.42 7.30 -.06 3.91 1.52 .45 5.96 1.09 2.52 1.55 -.87 2.89 -.73 2.83 .26 3.75 1.49 2.48 .26 1.74 2.80 .77 3.37 1.00 .10 1.20 -.10 .99 1.03 -1.04 3.04 6.40 .61 .79 1.78 2.00 .01 3.17 1.16 3.60 1.33 3.14 1.19 1.60 2.19 1.08 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 were reclassified from goods to services. 15.77 9.42 .40 1.48 .10 1.69 2.90 .10 2.15 1.76 2.72 -.97 .62 1.49 1.22 6.42 2.22 2.31 1.39 -.29 5.14 4.02 3.70 1.32 -2.41 4.13 .37 2.94 2.60 9.52 -.01 .64 1.95 3.33 1.57 2.60 -.55 .45 -1.32 .55 1.13 1.30 2.45 15.66 .44 -.39 1.92 7.14 -.11 5.09 .33 real imports, whereas table 8.2 shows contributions to real gross domestic product. Because imports are subtracted in the calculation of gross domestic product, the contributions of components of real imports have opposite signs in this table and in table 8.2. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.10. The estimates in this table differ from those in table 8.2 because this table shows contributions to real exports and to Table 8.6.—Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment by Type Seasonally adjusted at annual rates Line 1996 1997 1997 1996 1998 1999 1998 2000 Percent change at annual rate: Government consumption expenditures and gross investment1. 2.4 6.4 -.01 -.02 .12 -.03 .15 -2.11 -1.13 -.15 -.98 1.88 .48 -.08 .56 -.67 1.05 .02 1.02 .43 .02 .10 .01 -.09 .04 .09 .43 -.06 .20 .30 -.29 1.61 1.25 -.41 1.05 .14 .28 .62 .06 .58 .06 .07 .44 .11 -.84 -.22 0 .17 -.40 -.35 .06 -.26 .06 -.03 -.04 .13 -.21 1.72 -.32 .01 -.08 -.25 -.40 -.41 .29 .02 -.14 .41 .43 2.10 1.52 0 -.06 1.58 1.15 .19 .19 .20 .20 .21 .20 -.46 .24 -.04 .29 -.03 1.52 -.24 1.76 .15 -.33 .02 -.35 -.19 1.13 .21 .92 -.23 -.70 -.18 -.52 .23 .58 -.18 .77 .07 1.39 .06 .29 2.43 1.75 .05 .32 4.04 1.72 .08 .34 4.17 .41 1.04 .43 1.38 .67 1.30 .52 1.60 .06 .29 1.25 .77 1.54 .06 .31 1.17 .66 -1.64 1.53 .21 .54 .01 .09 .44 .23 -2.40 -1.83 -1.53 .12 -.43 .08 1.83 1.66 1.48 .17 .02 .44 -.05 -.30 .03 -.13 -.20 .07 .15 .17 -.59 .17 -.02 .19 1.52 1.43 .07 .32 1.05 .44 4.46 1.22 .05 .16 1.01 .64 1.08 -.23 .08 -.04 -.26 -.01 2.40 -1.33 3.50 3.34 .01 -.02 3.34 -.09 3.37 .16 -.06 .22 .03 -.14 .12 .07 .05 -.01 -.03 5.60 .05 .03 1.06 -.87 -.21 -.03 -2.95 -.99 -.02 -.97 .02 .29 .25 -.02 .27 -6.27 -4.86 -4.65 0 .36 -5.02 -4.94 -.21 -.13 -.07 .02 -.83 1.40 .20 1.20 -.02 -.14 .05 -.02 .08 -.02 4.47 2.75 2.61 -.44 -.46 3.51 -.24 3.69 .15 -.01 .16 .01 2.68 .36 -.16 .52 .15 .01 2.33 -.35 -3.24 -2.11 .17 .18 -2.47 -.34 1.12 .58 -.04 .61 -.81 -.29 -.10 -.41 -.30 -4.47 -3.49 -.23 -.02 -3.24 -.25 -1.63 -.58 2.35 -.74 -.54 .32 -.14 -.17 .63 -.43 -3.39 -.53 -.58 .18 -.13 -.62 -.46 -.49 -.41 -.53 .02 .02 -.57 2.62 2.04 .36 .44 1.24 .09 1.29 1.28 -.12 .42 .28 -.82 0 -1.36 .03 -1.02 -.46 .20 -.76 -.07 -.18 -.65 -.27 .01 0 -.29 -.34 -.52 -1.11 .49 .22 -1.82 -.21 -1.13 -.38 2.43 1.96 .52 -.09 1.53 -.35 -.14 -.34 -.44 -.01 .06 -.49 -.41 6.0 4.8 2.85 3.68 -.35 2.8 -1.1 0.8 4.38 -1.0 2.1 3.7 1.4 0.1 2.4 3.3 7.3 2.2 1.1 8.5 Percentage points at annual rates: Federal National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software -.03 -.02 -.06 .10 .02 .08 .07 -.38 -.08 -.30 Nondefense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software 0 -.20 .02 -.02 -.20 -.15 .51 .40 .02 .12 .26 -.03 .09 .11 -.14 .19 0 .19 .19 State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3. Consumption of general government fixed capital 4 . Other services Gross investment Structures Equipment and software 1.46 1.08 .03 .30 .75 .42 .23 -.10 -.09 .08 -.09 .06 .75 -.64 -.36 1.75 -.06 -1.27 .13 .18 .11 .12 .12 .14 .11 -.12 .23 .33 .07 .25 -.31 .41 -.03 .43 .50 -.34 -.43 .08 .45 .56 .04 .52 .22 .67 -.10 .77 .01 -.41 .11 -.53 -.16 -.61 -.58 -.03 -.59 1.31 .64 .67 .07 .99 -.02 1.01 -.57 .16 -.73 2.49 1.35 .06 .17 1.12 .61 2.31 1.87 .08 .41 1.38 .61 2.46 1.50 .06 .29 2.94 1.50 .06 .35 1.48 1.79 .07 .38 1.34 .63 2.40 2.04 .11 .61 1.09 2.72 1.66 .06 .14 1.47 .83 2.55 1.80 .06 .22 1.14 .55 2.74 .59 .06 -.14 .67 .31 2.93 2.12 .09 .42 1.62 .78 2.56 1.77 .07 .37 1.32 .64 .26 .24 .27 1.15 .28 .32 .11 .22 .25 .26 .27 1.44 1.17 .27 .12 2.15 1.94 .21 .38 1.06 .73 .33 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 own-account investment and related expenditures for goods and services are classified as investment in structures and in software. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial .06 .04 -.09 2.49 1.51 .79 .45 -.31 -.60 .29 1.32 .42 -.69 .59 -.03 .62 1.21 .59 .01 .30 .28 .27 -.13 .31 .32 .32 .36 .35 .37 .31 .05 3.24 2.81 .44 .29 -1.31 -1.74 .43 .43 2.31 1.84 .47 .13 2.57 2.18 .40 .14 -1.13 -1.67 .54 .09 -.25 .34 measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.11. The estimates in this table differ from those in table 8.2 because this table shows contributions to real government consumption expenditures and gross investment, whereas table 8.2 shows contributions to real gross domestic product. , 111 August 2000 SURVEY OF CURRENT BUSINESS Table 8.7.—Selected Per Capita Product and Income Series in Current and Chained Dollars [Dollars] Seasonally adjusted at annual rates Line 1996 1997 29,428 29,496 24,660 21,385 31,029 31,055 25,876 22,262 32,489 32,476 27,317 23,359 34,063 34,023 28,534 24,314 29,948 30,010 25,057 21,687 30,416 30,444 25,430 21,929 30,928 30,973 25,696 22,129 31,259 31,284 25,997 22,351 31,508 31,515 26,377 22,637 32,025 32,046 26,818 22,976 32,281 32,292 27,164 23,254 32,594 32,541 27,485 23,483 33,051 33,020 27,799 23,720 33,464 33,437 28,037 23,946 33,716 33,680 28,353 24,196 34,176 34,127 28,643 24,384 34,892 34,843 29,098 24,728 35,528 35,500 29,529 25,014 "29,942 25,317 19,727 20,625 21,625 22,962 20,029 20,329 20,435 20,772 20,961 21,188 21,509 21,756 22,044 22,403 22,791 23,123 23,528 24,122 24,391 2,322 5,929 11,476 2,397 6,123 12,105 2,565 6,311 12,749 6,760 13,414 2,332 6,035 11,662 2,378 6,090 11,861 2,332 6,078 12,024 2,430 6,158 12,1.83 2,446 6,165 12,350 2,487 6,203 12,498 2,551 6,273 12,685 2,557 6,342 12,858 2,664 6,427 12,953 2,698 6,566 13,140 2,774 6,696 13,321 2,807 6,805 13,511 2,875 6,972 13,681 3,010 7,154 13,958 2,970 7,263 14,159 29,428 29,496 21,385 30,436 30,468 21,838 31,474 31,472 22,672 32,512 32,485 23,191 29,761 29,823 21,500 30,012 30,045 21,609 30,376 30,427 21,744 30,609 30,641 21,895 30,743 30,758 22,102 31,173 31,202 22,412 31,332 31,354 22,615 31,518 31,477 22,756 31,871 31,852 22,903 32,087 32,073 23,022 32,218 32,194 23,133 32,584 32,546 23,203 33,156 33,123 23,404 33,485 33,470 23,472 "23,621 19,727 20,232 20,989 21,901 19,857 20,032 20,080 20,348 20,465 20,667 20,917 21,083 21,285 21,539 21,789 22,003 22,268 22,635 22,757 2,322 5,929 11,476 2,452 6,042 11,739 2,688 6,227 12,084 2,378 6,007 11,694 2,498 6,079 11,774 2,530 6,072 11,866 2,583 6,130 11,959 2,662 6,204 12,059 2,683 6,254 12,154 2,823 6,319 12,163 2,877 6,427 12,261 3,272 6,720 12,703 3,234 6,765 12,810 270,560 268,433 269,096 269,623 270,188 270,882 271,548 272,070 3,023 6,535 12,480 272,619 273,315 3,109 6,636 12,567 265,504 268,087 2,402 6,011 11,620 272,996 266,504 267,105 273,980 274,508 275,059 1997 2000 Current dollars: Gross domestic product . Gross national product... Personal income Disposable personal income. Personal consumption expenditures. Durable goods Nondurable goods Services 36,128 Chained (1996) dollars: Gross domestic product . Gross national product... Disposable personal income. Personal consumption expenditures. Durable goods Nondurable goods Services Population (mid-period, thousands). 2,996 6,518 12,421 2,348 5,981 11,528 267,713 2,973 6,474 12,374 33,843 Table 8.8B.-Motor Vehicle Output [Billions of dollars] Line Motor vehicle output Auto output Truck output 1 1996 1997 1998 1999 1996 275.6 126.1 149.5 293.7 126.7 167.0 314.9 127.3 187.5 346.6 273.5 122.1 151.4 284.0 123.7 160.3 281.3 123.0 158.3 299.5 130.2 169.3 310.1 129.8 180.2 310.1 129.6 180.5 303.8 117.2 186.6 301.2 127.8 173.4 344.3 134.8 209.6 337.4 126.2 211.2 338.6 124.1 214.5 352.6 125.4 227.2 357.8 128.8 229.1 355.9 126.1 220.5 127.2 228.7 358.4 121.9 236.5 1997 2000 279.7 289.4 314.3 336.3 284.5 285.8 273.1 296.6 301.9 303.8 320.3 301.6 331.6 324.7 338.2 340.3 342.0 358.1 342.8 Personal consumption expenditures New motor vehicles Autos Light trucks Net purchases of used autos 201.6 229.4 174.1 87.8 86.4 55.3 254.2 195.4 97.3 98.1 58.7 199.3 149.8 81.4 68.4 49.5 209.3 196.5 146.0 77.2 68.7 50.5 215.1 162.9 84.5 78.4 52.2 218.5 162.4 84.6 77.8 56.1 178.5 89.8 88.7 51.3 224.2 167.9 84.4 83.5 56.3 245.2 187.7 92.3 95.4 57.5 243.3 187.8 92.9 94.9 55.5 256.3 195.9 98.0 97.9 60.3 256.4 196.2 96.7 99.5 60.2 260.7 152.7 83.1 69.6 56.6 213.8 160.8 85.0 75.8 53.0 229.9 150.1 81.9 68.3 51.4 208.7 155.6 82.5 73.1 53.1 276.2 216.9 107.0 109.8 59.3 266.5 207.9 105.0 102.9 58.6 Private fixed investment New motor vehicles Autos Trucks Light trucks Other Net purchases of used autos 120.8 155.2 75.7 79.5 52.3 27.2 -34.4 129.6 164.0 76.9 87.1 61.5 25.7 -34.4 140.2 175.2 75.6 99.6 66.9 32.7 -35.0 126.3 158.5 73.6 84.9 58.9 26.0 -32.2 127.4 131.2 164.7 77.0 87.8 62.0 25.8 -33.6 134.0 167.0 74.8 92.2 64.4 27.8 -33.0 132.9 165.1 69.4 95.7 61.7 34.0 -32.2 153.7 157.8 170.3 75.6 94.7 65.5 29.2 -34.7 141.6 178.4 77.3 101.1 70.5 30.6 -36.8 150.6 186.9 80.1 106.8 69.8 36.9 -36.3 187.0 76.7 110.3 72.7 37.5 -33.3 193.4 81.1 -36.3 125.8 160.5 76.6 83.9 59.5 24.5 -54.8 135.6 195.5 79.7 115.8 76.7 39.0 -35.6 112.3 73.9 38.4 -35.6 166.3 204.0 82.6 121.4 81.7 39.7 -37.6 119.1 78.7 40.5 -35.7 166.7 204.1 81.5 122.5 83.7 38.8 -37.4 160.6 195.2 75.5 119.8 81.3 38.5 -34.6 Gross government investment Autos New trucks 10.8 3.8 7.0 11.4 12.4 3.8 8.6 13.0 3.9 9.0 11.3 4.5 6.7 10.9 3.6 7.3 11.4 3.4 8.0 13.0 10.5 3.4 7.0 10.8 3.3 7.5 13.7 4.0 9.8 11.7 13.2 3.7 9.5 12.2 3.6 8.6 11.2 3.5 7.7 13.5 14.9 3.9 9.1 4.3 9.2 4.4 10.5 13.5 3.4 10.1 13.0 3.8 9.2 -53.6 26.0 17.0 9.0 79.5 65.9 13.7 -60.3 27.7 16.8 10.9 88.0 72.2 15.8 -67.7 -90.8 -€1.9 26.1 16.3 9.8 87.9 72.4 15.6 -60.5 27.1 17.2 10.0 87.6 72.4 15.2 -67.6 28.6 17.1 11.5 90.0 73.3 16.7 28.8 16.6 12.3 86.4 70.8 15.5 -61.2 29.4 17.1 12.3 90.6 75.2 15.5 -64.9 26.9 15.6 11.3 91.8 78.3 13.5 -67.1 26.0 16.5 9.5 116.7 96.3 20,4 -52.3 26.7 16.9 9.8 79.1 65.6 13.4 -61.4 26.7 16.2 10.5 94.3 79.4 15.0 -77.5 26.3 17.2 9.1 -84.5 25.3 16.3 9.0 103.8 87.7 16.2 109.8 90.5 19.2 -87.1 26.3 17.0 9.3 113.3 92.8 20.5 -96.0 25.6 15.8 9.8 121.6 100.9 20.7 -95.5 26.6 16.7 9.9 122.1 101.0 21.2 -98.3 27.3 17.0 10.3 125.6 104.0 21.6 -97.2 27.2 17.0 10.2 124.4 105.6 18.9 -4.0 4.3 -3.4 -5.5 -3.9 -1.6 2.1 .6 -.6 -.9 .2 Final sales of domestic product Net exports Exports Autos Trucks Imports Autos Trucks Change in private inventories Autos New Domestic Foreign Used New trucks Domestic Foreign Addenda: Final sales of motor vehicles to domestic purchasers. Private fixed investment in new autos and new light trucks. Domestic output of new autos 2 Sales of imported new autos 3 3.6 7.9 163.8 79.0 84.7 60.0 24.7 24.0 14.9 9.1 91.1 76.3 14.8 10.3 -11.0 -1.8 8.2 2.9 8.1 6.3 -16.5 12.8 12.7 1.8 1.6 .3 1.3 .2 -6.0 -7.3 -7.0 -.4 -6.2 -5.2 1.1 0 .5 -.5 1.1 2.1 1.4 1.1 .2 .8 -5.7 -12.9 -13.2 .3 7.2 7.3 10.3 11.3 -1.0 -3.0 7.8 7.7 5.0 2.7 5.1 4.4 3.2 1.3 -5.8 .7 -1.1 5.3 1.3 .7 .5 4.0 2.7 4.1 2.1 2.0 1.2 3.0 2.3 1.3 1.0 .7 -.7 -.8 .1 3.8 3.1 .6 -2.5 -2.3 -1 8.5 8.1 .5 -5.0 -5.7 .7 4.4 3.1 1.3 2.9 2.6 .2 1.8 2.3 -.5 6.0 4.5 1.5 3.6 3.4 -10.8 -11.7 .9 -7.7 -6.0 -1.7 5.0 4.9 0 7.6 6.5 333.2 349.7 382.0 427.0 336.9 347.7 333.6 358.0 359.5 365.0 385.2 368.7 128.0 138.3 142.5 156.4 132.5 139.1 136.1 139.0 139.2 141.1 147.8 131.1 116.7 55.3 116.1 60.0 114.0 67.8 116.8 78.7 111.2 56.7 115.0 59.4 115.2 56.7 118.9 61.6 115.3 62.1 114.4 65.0 105.2 68.4 114.7 64.6 1. Except for exports and imports, consists of new trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of personal consumption expenditures, private fixed investment, and gross government investment. 4.1 7.5 -1.4 201.8 101.8 100.0 58.9 161.9 197.5 78.4 12.3 15.9 -2.1 15.6 -7.4 -5.1 -5.7 .5 -2.3 4.3 3.0 2.4 .7 1.3 5.2 4.1 1.5 2.6 1.1 .3 -1.5 -3.4 2.3 1.6 1.9 1.8 1.7 -.2 .7 7.8 8.2 -.4 8.0 1.1 10.7 8.6 2.1 -2.4 -2.3 -.2 13.3 11.6 1.7 409.1 409.2 425.3 436.3 437.5 456.4 440.1 150.0 149.5 155.0 164.3 157.0 165.3 156.8 121.6 73.2 115.9 73.7 114.3 78.5 119.7 79.5 117.1 83.1 121.3 82.7 119.1 81.2 .1 1.2 .7 112 • August 2000 SURVEY OF CURRENT BUSINESS Table 8.9B.—Real Motor Vehicle Output [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Line 1996 1997 1996 1997 1999 I Motor vehicle output Auto output Truck output 1 275.6 126.1 149.5 294.1 317.9 129.4 188.4 348.2 127.6 166.5 129.1 218.7 272.5 121.4 151.1 IV 2000 I 281.9 122.9 159.0 281.3 123.9 157.5 299.3 130.7 168.6 313.8 313.5 340.3 130.2 209.8 129.0 212.4 352.0 126.1 225.3 359.0 131.2 227.4 359.3 131.0 227.8 357.9 126.9 174.2 348.2 138.8 209.3 341.6 131.9 181.7 308.6 120.1 188.4 301.2 132.9 180.8 123.3 234.0 279.7 289.3 317.5 338.6 283.4 283.5 271.9 297.1 304.7 307.4 324.7 302.9 335.1 327.0 340.7 342.6 344.1 361.7 343.7 Personal consumption expenditures New motor vehicles Autos Light trucks Net purchases of used autos 201.6 150.1 81.9 68.3 51.4 209.0 154.6 82.4 72.2 54.4 231.7 173.9 88.4 85.5 57.7 255.9 198.3 196.0 215.3 187.5 93.1 94.3 60.5 246.1 187.7 94.0 93.6 58.2 257.4 196.3 98.3 97.9 60.9 260.9 159.9 85.0 74.9 55.4 224.9 167.5 84.9 82.6 57.3 259.1 144.9 77.0 67.9 51.1 232.6 178.7 90.6 88.0 53.7 248.2 148.7 81.0 67.7 49.6 217.2 162.4 84.9 77.5 54.8 221.1 195.4 98.8 96.5 60.3 207.7 151.3 82.8 68.6 56.4 278.3 217.6 109.0 108.4 60.5 266.6 207.4 106.4 101.0 58.9 Private fixed investment New motor vehicles Autos Trucks Light trucks Other Net purchases of used autos 120.8 128.8 164.6 76.8 87.8 62.0 25.8 -35.8 140.4 177.5 76.1 101.5 69.1 32.4 -37.1 159.0 196.8 80.9 126.8 163.3 78.7 84.6 59.8 24.8 -36.6 150.3 188.3 80.8 151.8 188.0 77.7 162.4 166.8 206.2 83.1 123.2 85.5 37.7 160.1 196.2 76.5 -39.3 107.6 71.3 36.2 -37.9 166.0 205.5 84.0 121.6 83.2 38.4 -37.1 133.0 167.2 69.8 97.5 63.8 33.6 -34.0 155.8 169.1 75.1 94.0 66.0 28.0 -35.4 135.8 172.9 76.0 97.0 67.7 29.3 142.3 160.7 76.4 84.3 59.8 24.6 -35.6 129.8 165.3 77.0 88.4 62.6 25.8 -35.6 133.6 116.0 78.0 37.9 -37.5 125.9 158.4 73.2 85.2 58.9 26.3 -32.5 125.1 155.2 75.7 79.5 52.3 27.2 -34.4 Gross government investment Autos New trucks 10.8 3.8 7.0 11.4 12.8 11.3 4.6 6.7 11.4 3.3 8.1 12.9 3.8 9.2 10.5 3.3 7.2 10.9 3.2 7.7 3.9 10.0 11.6 4.0 7.7 13.1 3.8 9.0 10.9 3.6 7.3 13.9 3.5 7.9 12.4 3.7 8.8 -63.6 26.0 17.0 9.0 79.5 65.9 13.7 -59.9 27.3 16.7 10.7 87.3 71.6 15.7 -66.9 26.1 16.0 10.1 93.0 78.3 14.7 -88.6 -52.1 -61.8 -60.4 25.1 16.1 9.0 113.7 94.0 19.7 26.8 16.9 9.8 78.9 65.5 13.4 25.9 16.3 9.7 87.7 72.2 15.6 26.8 17.0 9.8 87.3 72.0 15.2 -60.8 28.2 16.9 11.3 89.0 72.3 16.7 -56.7 28.4 16.5 11.9 85.1 69.7 15.4 -60.5 28.9 17.0 11.9 89.4 74.1 15.3 -64.1 26.4 15.5 10.9 90.5 77.3 13.2 2.2 9.0 6.3 2.8 4.1 2.2 1.9 Final sales of domestic product Net exports Exports Autos Trucks Imports Autos Trucks Z Change in private inventories Autos New Domestic Foreign Used New trucks Domestic Foreign -4.0 4.7 9.4 -10.9 -1.8 9.4 -3.4 -5.5 ^3.9 -1.6 2-1 1.1 -.1 -.3 .2 1.3 1.4 -6.1 -7.3 -7.0 -.3 -6.1 -5.0 -5.7 .6 6.8 2.8 2.4 .4 1.3 -1.1 4.1 1.2 3.3 2.5 2.2 .2 .8 -.7 -.8 .1 3.5 2.8 .6 -6.6 .7 4.2 2.9 1.3 2.6 2.4 .2 1.6 2.0 -.5 5.4 4.1 1.5 Residual Addenda: Final sales of motor vehicles to domestic purchasers. Private fixed investment in new autos and new light trucks. Domestic output of new autos 2 Sales of imported new autos 3 1.2 0 1.2 .2 -2.2 -2.0 -.1 7.3 6.9 .5 181.6 77.9 196.1 99.6 96.4 62.9 201.6 103.4 98.1 59.1 199.4 79.7 119.8 80.3 39.4 -36.7 110.5 73.9 36.4 -36.0 194.3 82.4 112.0 74.7 37.2 -38.2 -39.2 11.1 3.4 7.7 13.4 4.1 9.3 14.7 4.1 10.6 13.4 3.3 10.1 12.8 3.6 9.6 12.1 3.5 8.6 -€6.6 23.5 14.7 8.8 90.1 75.6 14.5 -76.4 25.7 16.9 8.8 102.1 86.3 15.8 -82.6 24.6 16.0 8.6 107.2 88.5 18.7 -84.9 25.5 16.7 8.8 110.4 90.5 19.9 -93.6 24.8 15.6 9.3 118.4 98.4 20.0 -93.4 25.5 16.3 9.3 118.9 98.5 20.4 -96.2 26.0 16.4 9.6 122.2 101.5 20.7 -95.1 25.9 16.4 9.5 121.0 103.0 18.1 -15.4 -1.4 12.9 13.0 1.1 9.1 14.4 -2.0 13.8 -5.1 8.5 8.2 5.8 2.4 .1 6.0 5.2 4.2 1.1 -1.5 -12.4 -12.9 .4 7.7 6.4 9.4 10.5 -1.0 -3.2 -4.4 ^.9 .4 -2.5 1.8 .4 -.3 .7 1.3 4.7 3.6 .9 2.6 1.1 .4 -1.5 -3.3 1.8 1.9 1.5 .8 .9 -.1 .7 3.3 3.1 .3 -9.7 -10.4 .8 -6.8 -5.3 -1.7 4.4 4.4 0 6.8 7.5 9.1 7.2 2.0 -2.1 -2.0 -.2 11.2 -1.6 -1.2 -.8 103.8 73.4 30.5 6.8 7.1 -.4 -39.1 119.8 82.4 37.4 -35.8 3.6 9.3 9.7 1.6 -1.2 333.2 349.3 384.5 427.7 335.5 345.4 332.4 358.0 361.4 367.8 388.8 369.6 411.6 410.0 425.9 436.8 438.0 458.5 128.0 138.8 145.1 158.8 132.1 138.5 136.1 139.6 141.1 143.7 151.2 133.5 152.1 151.4 157.0 167.0 159.8 168.4 158.7 116.7 55.3 116.3 59.9 114.4 68.3 117.5 79.9 110.7 56.4 114.7 59.1 116.0 56.5 118.2 61.6 116.4 62.3 114.6 65.4 106.3 69.0 114.0 64.9 122.5 73.8 117.2 74.6 116.2 79.7 118.9 117.7 84.5 122.6 84.3 119.1 82.3 1. Except for exports and imports, consists of new trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of personal consumption expenditures, private fixed investment, and gross government investment. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 162.0 85.0 77.0 59.2 439.4 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 are shown in table 7.18B. SURVEY OF CURRENT BUSINESS Table 8.10.—farm Sector Output, Gross Product, and National Income [Billions of dollars] Table 8.11.—Real Farm Sector Output, Real Gross Product, and Real Net Product [Billions of chained (1996) dollars] 1996 1997 222.6 226.3 214.6 208.4 Cash receipts from farm marketings Crops 201.2 108.3 208.6 112.0 198.2 104.0 190.7 95.3 Farm housing Farm products consumed on farms Other farm income Change in farm inventories Crops Livestock 93.0 6.2 .5 6.8 7.9 9.0 -1.1 96.6 6.4 .5 7.8 2.9 3.3 -.4 94.2 6.7 .5 95.4 7.0 .5 8.6 .6 .9 -.3 10.4 -.2 .5 -.7 130.4 114.3 16.1 138.1 122.1 16.0 133.9 118.8 15.1 134.2 120.1 14.1 92.2 88.3 80.8 74.2 Less: Intermediate goods and services purchased Intermediate goods and services, other than rent . Rent paid to nonoperator landlords Line Farm output Livestock Less: Intermediate goods and services purchased Intermediate goods and services, other than rent Rent paid to nonoperator landlords Equals.* Gross farm product 113 August 2000 Line 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 1996 1997 1998 1999 222.6 237.5 238.4 243.9 201.2 108.3 220.5 122.2 224.3 123.7 98.3 100.6 5.7 .5 -1.1 218.7 121.2 97.6 6.0 .5 8.2 3.2 3.5 -.4 1.5 -.3 12.4 0 .9 -.7 130.4 114.3 16.1 134.4 119.0 15.5 138.0 122.4 15.7 138.4 124.0 14.4 93.0 6.2 .5 6.8 7.9 9.0 5.9 .5 9.6 1.2 Less: Consumption of fixed capital 25.4 26.3 27.4 29.2 Equals: Gross farm product 92.2 103.6 100.2 106.3 Equals: Net farm product 66.8 61.9 53.4 45.0 Less: Consumption of fixed capital 25.4 25.9 26.6 28.1 5.0 6.2 5.2 6.3 5.2 10.3 5.6 17.6 Equals: Net farm product 66.8 78.1 73.5 78.2 NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Less: Indirect business tax and nontax liability Plus: Subsidies to operators Equals: Farm national income Compensation of employees Wage and salary accruals Supplements to wages and salaries Proprietors' income and corporate profits with inventory valuation and capital consumption adjustments. Proprietors' income Corporate profits Net interest 68.1 63.1 58.5 56.9 16.6 14.2 2.4 42.0 17.6 15.1 2.4 35.8 18.7 16.2 2.5 29.8 19.4 16.6 2.9 27.2 34.3 7.7 9.5 29.7 6.1 9.7 25.4 4.4 10.0 25.3 1.9 10.3 Table 8.12.—Housing Sector Output, Gross Product, and National Income Table 8.13.—Real Housing Sector Output, Real Gross Product, and Real Net Product [Billions of dollars] [Billions of chained (1996) dollars] Line Line 1996 1997 1998 742.3 778.0 823.2 868.7 736.1 555.4 180.6 771.6 585.5 816.6 622.7 861.7 186.1 193.8 661.1 200.6 6.2 6.4 6.7 7.0 94.4 106.0 115.4 118.6 Less: Intermediate goods and services consumed , 647.9 672.0 707.9 750.2 666.7 504.0 162.6 5.3 126.5 67.6 702.3 534.0 168.3 5.6 133.7 72.0 744.3 570.8 173.5 Equals: Gross housing product Nonfarm housing Owner-occupied .... Tenant-occupied .... Farm housing Less: Consumption of fixed capital Capital consumption allowances Less: Capital consumption adjustment 642.8 482.3 160.5 5.1 119.6 63.6 -56.0 Equals: Net housing product 528.4 Housing output> Nonfarm housing, Owner-occupied Tenant-occupied ... Farm housing Less: Intermediate goods and services consumed Equals: Gross housing product Nonfarm housing .... Owner-occupied . Tenant-occupied . Farm housing Less: Indirect business tax and nontax liability plus business transfer payments. Plus: Subsidies less current surplus of government enterprises 118.9 Equals: Housing national income 432.8 Compensation of employees Proprietors' income with inventory valuation and capital consumption adjustments. Rental income of persons with capital consumption adjustment. Corporate profits with inventory valuation and capital consumption adjustments. Net interest -68.8 545.5 124.2 23.3 23.7 5.9 -61.7 143.7 77.5 -66.2 574.2 606.5 129.9 135.6 23.7 24.2 468.0 495.2 8.4 22.6 8.8 21.3 9.5 20.7 10.1 20.2 111.2 109.0 119.0 126.4 445.0 4.7 285.7 301.2 4.5 4.4 314.4 334.1 1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table 2.4. Housing output > Nonfarm housing Owner-occupied Tenant-occupied Farm housing Less: Consumption of fixed capital Equals: Net housing product 1996 1997 1998 1999 742.3 756.1 775.5 795.0 736.1 555.4 750.1 769.6 569.0 180.6 586.7 182.9 789.4 605.7 181.0 6.2 6.0 5.9 5.7 94.4 102.0 107.9 107.1 648.0 654.0 667.6 687.9 642.8 482.3 160.5 649.0 490.3 662.6 503.3 159.4 683.1 523.6 159.5 158.7 183.7 5.1 5.0 5.0 4.8 119.6 122.7 125.8 130.1 528.4 531.3 541.7 557.8 1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table 2.5. NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. 114 • August 2000 SURVEY OF CURRENT BUSINESS Table 8.14.—Consumption of Fixed Capital by Legal Form of Organization Table 8.16.—Business Transfer Payments by Type [Billions of dollars] [Billions of dollars] Line Line 1996 956.2 Consumption of fixed capital 1997 1998 1999 1,013.3 1,077.3 1,161.0 781.9 832.4 Domestic corporate business Financial Nonfinancial 543.5 80.8 462.7 581.5 88.5 493.0 624.3 97.5 526.8 676.9 107.3 569.6 Sole proprietorships and partnerships Farm Nonfarm 101.0 23.3 77.8 105.7 24.1 81.6 111.3 25.0 86.2 119.0 Other private business Rental income of persons Nonfarm housing Owner-occupied Tenant-occupied Farms owned by nonoperator landlords Nonfarm nonresidential properties Fixed assets owned and used by nonprofit institutions serving individuals. Proprietors' income 137.4 104.6 103.6 87.6 16.1 145.2 110.5 109.5 165.6 .1 .9 30.5 16.8 .1 .9 32.4 153.8 116.5 115.4 98.0 17.4 .1 1.0 35.0 2.3 2.3 2.3 2.4 188.0 199.6 Private 92.7 174.3 Government General government Federal State and local Government enterprises Federal State and local 961.4 26.7 92.3 125.4 124.2 106.0 18.2 .1 1.1 37.8 Payments to persons. Insurance payments to persons by business . Automobile insurance Medical malpractice insurance . Donations by corporate business to nonprofit institutions serving individuals. Other1 Payments to the rest of the world 2 1996 1997 1998 1999 34.4 36.8 38.0 39.7 26.4 14.2 11.6 2.6 7.8 27.9 14.9 12.2 2.6 8.4 28.7 15.7 12.7 3.0 8.7 29.7 16.4 13.3 3.1 9.1 4.4 4.6 4.4 4.2 8.0 8.9 9.3 9.9 1. Consists largely of cash prizes from business and losses by business due to fraud and unrecovered thefts. 2. Consists of income taxes paid by domestic business to foreign governments on income earned abroad. Table 8.17.—Supplements to Wages and Salaries by Type [Billions of dollars] 1996 1997 1998 1999 765.4 765.3 791.4 824.6 275.4 490.0 289.9 475.4 305.9 485.5 323.6 501.0 Pension, profit-sharing, and other retirement benefit plans • Old-age, survivors, and disability insurance (3.6;5) Federal civilian employee retirement (6.11 ;24) Federal military employee retirement (6.11;25) Railroad retirement (3.6;12) Pension benefit guaranty (3.6,13) State and local employee retirement (6.11 ;26) Private pension and profit-sharing (6.11;22) 361.0 179.3 36.6 26.9 2.6 373.4 191.8 392.9 219.5 40.2 26.6 1.2 43.2 1.0 44.8 68.0 381.5 205.2 39.1 26.3 2.7 1.0 43.0 64.3 Health insurance Federal hospital insurance (3.6;6) Military medical insurance (3.6;16) Temporary disability insurance (3.6;18) Private group health insurance (6.11;29) 2 308.6 50.2 1.2 0 257.2 299.8 54.0 319.9 58.0 343.4 62.1 1.2 0 244.6 1.1 0 260.8 1.1 0 280.2 10.0 0 10.0 10.8 0 10.8 11.5 0 11.4 11.8 0 11.8 97.4 -55.3 Workers'compensation Federal (3.6;15) State and local (3.6;19) Private insurance (6.11 ;31) 2 51.9 1.9 10.2 48.2 1.9 9.2 39.8 37.1 45.9 2.0 8.2 35.6 44.1 2.0 7.7 34.5: -15.9 -16.7 .8 58.0 114.1 -56.1 Unemployment insurance State unemployment insurance (3.6;8) Federal unemployment tax (3.6;9) Railroad employees unemployment insurance (3.6;10) Federal employees unemployment insurance (3.6;11) Private supplemental unemployment (6.11 ;32) 31.4 22.2 5.9 0 .6 2.5 30.4 21.3 6.3 0 .5 2.2 29.7 20.4 6.6 .1 .5 2.1 29.4 20.0 6.9 .1 .5 1.9, 2.5 2.7 2.9 3.0! 149.2 81.0 68.2 25.0 4.3 20.7 154.6 82.2 72.4 26.3 4.6 21.7 160.4 83.5 76.9 27.5 4.9 22.6 170.3 87.3 83.0 29.3 5.5 23.8 781.6 665.4 832.4 709.4 889.5 759.6 961.5 821.8 Line Supplements to wages and salaries . Employer contributions for social insurance (3.6;2). Other labor income (6.11,1) By type Addenda: Nonfarm business Nonfarm business less housing Table 8.15.—Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment [Billions of dollars] Line 1996 1997 1998 -2.5 12.1 21.9 23.5 For consistent accounting at historical cost For current-cost valuation 143.1 -145.6 160.7 -148.6 167.7 -145.7 167.8 -144.3 Domestic corporate business For consistent accounting at historical cost For current-cost valuation Financial For consistent accounting at historical cost For current-cost valuation Nonfinancial For consistent accounting at historical cost For current-cost valuation 24.6 91.1 -21.2 -21.7 .5 45.8 112.8 -66.9 32.9 99.6 -66.6 -18.2 -17.0 -1.2 51.1 116.5 -65.4 27.7 -7.9 35.5 52.0 -16.4 -7.8 44.2 61.1 -16.9 Capital consumption adjustment' Sole proprietorships and partnerships Farm* Nonfarm For consistent accounting at historical cost For current-cost valuation -66.5 , Other private business1 Rental income of persons Nonfarm housing Owner-occupied Tenant-occupied Farms owned by nonoperator landlords Nonfarm nonresidential properties Fixed assets owned and used by nonprofit institutions serving individuals. Proprietors'income Addendum: Capital consumption adjustment for national income (4+13+19+26) -54.8 -47.6 -47.3 -38.8 -8.6 -.1 -.2 -6.5 36.5 -57.3 -50.0 -49.6 -40.7 -8.9 -.1 -.3 -6.7 39.9 101.2 -61.4 -13.7 -13.9 .2 53.5 115.1 -61.6 41.7 -7.6 49.3 66.4 -17.1 -59.6 -52.2 -51.8 -42.6 -9.2 -.1 -.3 42.1 45.0 -8.3 53.3 70.4 -17.1 -63.6 -66.0 -55.6 ^6.0 -6.8 -9.7 -.1 -.3 -7.0 28.7 30.5 -.7 27 4.0 18.8 1. Except for farm proprietorships and partnerships (line 14) and other private business (line 18), the capital consumption adjustment is calculated in two parts. The adjustment for consistent accounting at historical cost converts depreciation, based on the service lives and depreciation schedules employed by firms when filing their income tax returns, to consistent service lives and empirically based depreciation schedules. The adjustment for currentcost valuation converts the historical-cost series with consistent accounting to a series valued at current cost. For farm proprietorships and partnerships and for other private business, the historical-cost series is based on consistent service lives and empirically based depreciation schedules, so the adjustment reflects only a conversion to currentcost valuation. Business transfer payments. Life insurance Veterans life insurance (3.6;14) Private group life insurance (6.11;30) 2 71.3 38.6 26.7 2.6 2.8 1.0 42.5 60.4 1. Employer contributions to privately administered programs and to publicly administered government employee: retirement plans are classified as other labor income. Employer contributions to other publicly administered programs are classified as employer contributions for social insurance. j 2. Government contributions to privately administered health, life, and workers' compensation insurance for gov-; ernment employees are classified as other labor income. i 3. Consists of judicial fees paid to jurors and to witnesses, compensation of prison inmates, and marriage fees paid to justices of the peace. NOTE.—The numbers in parentheses indicate the tables and line numbers from which the entries in this table are derived. Table 8.20.—Interest Paid and Received by Sector and Legal Form of Organization Table 8.18.—Rental Income of Persons by Type [Billions of dollars] Line Nonfarm housing Owner-occupied Permanent site Manufactured homes 1 177.4 178.3 187.6 199.4 167.2 166.9 179.3 191.0 3 158.5 158.5 170.7 181.9 4 5 6 109.2 100.4 8.8 110.6 101.1 9.5 121.9 111.0 10.8 132.8 120.6 12.2 49.2 7 49.3 47.9 48.9 8 6.5 6.5 6.3 6.5 9 2.1 2.0 2.2 2.6 10.2 11.4 8.4 8.4 Tenant-occupied (permanent site) .... Farms owned by nonoperator landlords Nonfarm nonresidential properties [Billions of dollars] 1999 1998 2 Rental income of persons Rental income 1997 1996 2 10 Royalties 1. Rental income of owner-occupied farm housing is included in farm income as shown in table 8.10. 2. Includes rental income of private noninsured pension plans. Table 8.19.—Dividends Paid and Received by Sector [Billions of dollars] Line Dividends paid Domestic corporate business* 1996 1997 484.3 519.5 539.4 356.4 401.0 440.3 463.1 257.4 116.2 284.7 132.8 307.6 148.2 314.9 83.3 79.2 76.3 425.4 484.3 519.5 539.4 Rest of the world 2 Dividends received 1999 1998 425.4 Financial Nonfinancial 99.1 117.1 127.9 134.2 Financial 43.6 55.5 50.5 66.6 60.9 67.1 70.2 64.0 Nonfinancial 28.6 32.0 40.1 34.5 .3 .3 .4 .4 297.4 18.3 279.1 334.9 21.4 313.5 351.1 22.1 329.0 370.3 23.7 346.6 297.7 257.3 40.4 297.4 335.2 283.9 51.4 334.9 351.5 312.4 39.1 351.1 370.7 328.9 41.8 370.3 Domestic corporate business 2 Rest of the world > Government Persons3 Publicly administered government employee retirement plans ... Other Addenda: Net corporate dividend payments (16+17) Domestic corporate business (2-7) Rest of the world (5-10) Personal dividend income (15-11) 1. Remitted earnings to foreign residents from their unincorporated U.S. affiliates are treated as dividends paid by domestic corporate business (line 2) and as dividends received by the rest of the world (line 10). 2. Earnings of U.S. residents remitted by their unincorporated foreign affiliates are treated as dividends paid by the rest of the world (line 5) and as dividends received by domestic corporate business (line 7). 3. Dividends received by insured private pension plans are included in dividends received by financial corporate business (line 8), and in imputed interest received by persons, table 8.20 (line 53). 115 August 2000 SURVEY OF CURRENT BUSINESS 1997 1998 1999 1,933.0 2,095.6 2,291.9 2,396.1 1,313.4 886.7 531.3 131.6 399.8 355.4 129.7 10.0 119.7 297.0 280.3 15.4 1.3 1,439.5 981.2 588.5 139.7 448.9 392.7 145.9 10.1 135.7 312.4 295.4 15.8 1.2 1,605.0 1,113.5 700.2 145.9 554.2 413.4 168.1 10.2 157.9 323.4 1,709.9 1,178.7 731.0 141.7 589.4 447.7 189.6 12.5 177.1 16.0 1.2 16.1 Persons 149.9 164.8 179.8 194.8 Government Federal State and local 366.6 296.2 70.4 371.2 298.6 72.6 371.2 297.4 73.9 357.0 281.8 75.1 Rest of the world To business and persons To Federal Government 103.2 99.1 4.1 120.1 116.9 3.2 135.8 134.4 132.6 3.2 131.4 2.9 1,933.0 2,095.6 2,291.9 2,396.1 1,193.3 1,157.8 950.5 207.3 35.4 0 1,315.0 1,268.9 1,040.9 228.0 46.0 0 1,443.2 1,398.0 1,159.3 238.7 45.1 0 1,533.8 1,481.9 1,219.5 262.4 51.9 0 491.3 101.7 389.6 493.8 115.8 378.0 546.2 124.1 422.1 542.7 124.2 418.5 82.6 21.3 61.3 85.3 20.9 64.4 83.4 17.2 66.2 84.6 15.7 68.9 165.9 98.3 67.6 201.5 113.5 88.1 219.1 128.0 91.1 235.0 139.9 95.1 411.6 472.5 496.6 520.1 411.6 269.3 142.3 472.5 306.5 166.0 496.6 324.7 172.0 520.1 342.8 177.3 411.6 472.5 496.6 520.1 67.2 47.7 8.3 39.4 19.3 74.4 54.0 9.3 44.7 20.2 1.7 17.7 .2 1.8 18.4 .2 74.0 55.0 9.8 45.2 18.7 1.7 17.1 .2 72.0 54.3 10.4 43.9 17.5 1.5 16.0 .2 319.3 177.0 142.3 370.2 204.2 166.0 394.5 222.6 172.0 421.1 243.8 177.3 9.6 1.3 8.2 10.6 1.5 9.1 9.6 1.4 8.2 10.6 1.4 9.2 15.5 17.3 18.5 16.4 386.3 464.5 92.8 74.9 423.9 522.6 130.8 79.6 312.2 -98.8 275.3 164.8 864.0 482.7 584.6 157.1 104.2 323.2 -101.8 278.2 179.8 940.8 507.1 624.2 162.5 120.2 341.5 -117.0 261.7 194.8 963.7 Line Monetary interest paid Domestic businessx Corporate business Financial On deposits 2 On other liabilities Nonfinancial Sole proprietorships and partnerships Farm Nonfarm Other private business Rental income of persons Nonprofit institutions serving individuals Proprietors'income Monetary interest received Domestic business > Corporate business Financial Nonfinancial Financial sole proprietorships and partnerships3 Other private business Persons3 Publicly administered government employee retirement plans... Other Government Federal State and local Rest of the world From business From Federal Government Imputed interest paid Domestic corporate business (financial) Banks, credit agencies, and investment companies Life insurance carriers Imputed interest received Domestic business l Corporate business Financial Nonfinancial Sole proprietorships and partnerships Farm Nonfarm Other private business Persons From banks, credit agencies, and investment companies From life insurance carriers Government Federal State and local . Rest of the world Addenda: Net interest (59+63) Domestic business (2+39-23-43) Corporate (3+39-24-44) Sole proprietorships and partnerships (8-27-47) Other private business (11-28-50) Rest of the world (19-35-57) Net interest paid by government (16-32-54) Interest paid by persons (15) Personal interest income (58+64+65) or (29+51) 1996 296.8 -78.2 274.4 149.9 810.6 306.2 341.7 324.3 1.2 1. Excludes interest paid or received by government enterprises, which is included in the government sector. 2. Consists of interest paid on the deposit liabilities of commercial and mutual savings banks, savings and loan associations, and credit unions. 3. Interest received by nonfinancial sole proprietorships and partnerships is considered interest received by persons and is included in line 29. NOTE.—In this table, imputed interest paid (line 38) is the difference between the property income received by financial intermediaries from the investment of depositors' or beneficiaries' funds and the interest paid by them to business, persons, governments, and the rest of the world. In table 8.21, imputed interest (line 155)—the interest component of imputations that affect gross national product—consists of the imputed interest paid by financial intermediaries other than life insurance carriers to persons and government and of the interest paid on owner-occupied housing and on buildings and equipment owned and used by nonprofit institutions serving individuals. 116 • August 2000 SURVEY OF CURRENT BUSINESS Table 8.21.—Imputations In the National Income and Product Accounts [Billions of dollars] Line Gross national product Gross national product Imputations (112-115+130+135 +136+139+143+144+145+146+147+151+153). Excluding imputations (1-2) 1996 1997 1998 1999 7,831.2 8,325.4 8,786.7 9,288.2 1,159.7 1,206.9 1,281.0 1,373.6 6,671.5 7,118.5 7,505.7 7,914.5 5,237.5 5,529.3 5,850.9 6,268.7 683.7 703.3 729.3 774.2 Personal consumption expenditures Imputations (112-115-149-150 +130+135+139+143+144+145+146). Excluding imputations (4-5) 4,553.8 Gross private domestic investment Imputations (149+150+151) Excluding imputations (7-8) 1,242.7 1,390.5 1,549.9 1,650.1 314.0 335.2 378.6 415.4 928.7 1,055.3 1,171.3 1,234.7 Net exports of goods and services and income Imputations (14—17) Excluding imputations (10-11) -70.9 0 -70.9 4,826.0 5,121.6 5,494.4 -82.3 0 -82.3 -155.0 0 -155.0 -265.0 0 -265.0 Exports of goods and services and income receipts Imputations (138) Excluding imputations (13-14) 1,119.7 1,247.7 1,251.4 1,296.1 16.4 17.3 15.5 18.5 1,104.2 1,230.4 1,232.9 1,279.7 Imports of goods and services and income payments Imputations (138) Excluding imputations (16-17) 1,190.6 1,330.0 1,406.4 1,561.1 17.3 16.4 18.5 15.5 1,175.1 1,312.7 1,387.9 1,544.7 Government consumption expenditures and gross investment Imputations (136+147+153) Excluding imputations (19-20) Government consumption expenditures Imputations (136+147+153-154) Excluding imputations (22-23) Gross government investment Imputations (154) Excluding imputations (25-26) 1,421.9 1,487.9 168.4 162.0 1,259.9 1,319.5 1,540.9 1,634.4 173.2 184.0 1,367.7 1,450.5 1,171.8 1,223.3 1,262.1 1,325.7 -96.2 -105.7 -124.7 -88.1 1,259.9 1,319.5 1,367.7 1,450.5 250.1 250.1 0 264.6 264.6 0 278.8 278.8 0 308.7 308.7 0 Gross national income Gross national income Imputations (112-115+130+135+136+139+142+151+153) Excluding imputations (28-29) Compensation of employees Imputations (142) Excluding imputations (31-32) 7,798.4 8,295.7 8,811.4 9,360.1 1,159.7 1,206.9 1,281.0 1,373.6 6,638.7 7,088.8 7,530.5 7,986.4 4,395.6 4,651.3 4,984.2 5,299.8 280.6 269.2 286.4 306.4 4,382.1 4,697.8 4,993.4 4,115.0 Proprietors' income with inventory valuation and capital consumption adjustments. Imputations (128+139+151) Excluding imputations (34-35) 544.7 581.2 620.7 663.5 6.6 538.1 7.2 574.0 7.7 613.0 7.9 655.5 Rental income of persons with capital consumption adjustment Imputations (129) Excluding imputations (37-38) 129.7 70.5 59.3 128.3 69.9 58.4 135.4 79.3 56.1 143.4 86.8 56.6 Net interest Imputations (155) Excluding imputations (40-41) 386.3 443.5 -67.3 423.9 485.8 -61.9 482.7 514.9 -32.2 507.1 554.6 -47.5 Indirect business tax and nontax liability Imputations (122+123+132) Excluding imputations (43-44) Less: Subsidies less current surplus of government enterprises Imputations (124) Excluding imputations (46-47) Consumption of fixed capital Imputations (125+133+153) Excluding imputations (49-50) 620.0 88.0 532.0 646.2 91.9 554.3 679.6 95.9 583.7 718.1 100.0 618.0 22.6 0 22.6 19.1 21.5 0 21.4 28.4 0 28.3 .1 19.0 956.2 1,013.3 1,077.3 1,161.0 296.9 270.5 283.1 317.9 780.4 685.7 730.3 843.1 Personal income, outlays, and saving Personal income Imputations (128+129-124+135+139+143+144+145+146+151) Excluding imputations (52-53) Wage and salary disbursements See footnotes and note at the end of the table. 6,547.4 6,937.0 7,391.0 7,789.6 547.3 592.8 641.8 531.5 6,015.9 6,389.7 6,798.2 7,147.8 3,626.5 3,888.9 4,190.7 4,470.0 Line 1996 1997 1998 1999 10.7 10.2 11.3 11.0 3,616.2 3,878.2 4,179.7 4,458.7 Imputations (143+144+145) Excluding imputations (55-56) Other labor income Imputations (146) Excluding imputations (58-69) 490.0 267.2 222.9 475.4 255.4 220.0 485.5 272.2 213.3 501.0 292.0 209.0 Proprietors' income with inventory valuation and capital consumption adjustments. Imputations (128+139+151) Excluding imputations (61—62) 544.7 581.2 620.7 663.5 538.1 7.2 574.0 7.7 613.0 7.9 655.5 Rental income of persons with capital consumption adjustment Imputations (129) Excluding imputations (64-65) 129.7 70.5 59.3 128.3 69.9 58.4 135.4 79.3 56.1 143.4 86.8 56.6 810.6 177.0 633.6 864.0 204.2 940.8 222.6 718.2 963.7 243.8 719.9 962.2 -.1 983.0 1,016.2 0 0 962.3 983.0 1,016.3 Personal interest income Imputations (135) Excluding imputations (67-68) 67 Transfer payments to persons Imputations (-124) Excluding imputations (70-71) Personal tax and nontax payments Imputations (-121-132) Excluding imputations (73-74) 968.8 1,070.9 1,152.0 -91.9 -88.0 -95.9 -100.0 957.7 1,060.7 1,166.8 1,252.0 Disposable personal income Imputations (53-74) Excluding imputations (76-77) 5,677.7 5,968.2 6,320.0 6,637.7 619.5 639.2 688.7 741.8 5,058.2 5,329.0 5,631.4 5,895.9 Personal outlays Imputations (83+86) Excluding imputations (79-80) 5,405.6 5,715.3 6,054.7 6,490.1 432.4 474.0 426.8 446.6 4,978.8 5,282.9 5,608.1 6,016.1 Personal consumption expenditures Imputations (5) Excluding imputations (82-63) 5,237.5 683.7 4,553.8 5,529.3 5,850.9 6,268.7 703.3 729.3 774.2 4,826.0 5,121.6 5,494.4 Interest paid by persons Imputations (-118-131) Excluding imputations (85-86) 149.9 -257.0 406.8 164.8 179.8 194.8 -270.9 -282.7 -300.2 435.7 462.5 495.1 Personal saving Imputations (149+150+151-125-133) Excluding imputations (88-89) 272.1 192.8 79.4 252.9 206.8 46.1 265.4 242.1 23.3 147.6 267.8 -120.3 Government current receipts, expenditures, and surplus or deficit Government current receipts Imputations (147) Excluding imputations (91-92) 2,269.1 2,440.0 2,617.2 2,788.0 3.2 3.1 3.1 3.1 2,265.9 2,436.9 2,614.1 2,784.9 Government current expenditures Imputations (147+153-154) Excluding imputations (94-95) 2,384.5 2,462.4 2,526.5 2,613.5 -97.7 -106.8 -115.3 -135.3 2,482.2 2,569.2 2,641.8 2,748.9 Government current surplus or deficit Imputations (154-153) Excluding imputations (97-98) -216.3 -115.4 100.9 -22.3 110.0 -132.3 90.7 118.4 -27.7 174.4 138.4 36.0 Gross saving or gross investment Gross investment, or gross saving and statistical discrepancy Imputations (148+154) Excluding imputations (100-101) 1,382.1 1,532.1 1,629.6 1,645.6 378.6 415.4 314.0 335.2 1,068.1 1,196.8 1,251.0 1,230.2 Personal saving Imputations (148-125-133) Excluding imputations (103-104) 272.1 192.8 79.4 Consumption of fixed capital Imputations (125+133+153) Excluding imputations (106-107) 956.2 1,013.3 270.5 283.1 685.7 730.3 Government current surplus or deficit Imputations (154-153) Excluding imputations (109-110) -115.4 100.9 252.9 206.8 46.1 -22.3 110.0 -216.3 -132.3 265.4 242.1 23.3 147.6 267.8 -120.3 1,077.3 1,161.0 296.9 317.9 780.4 843.1 90.7 118.4 -27.7 174.4 138.4 36.0 117 August 2000 SURVEY OF CURRENT BUSINESS Table 8.21.—Imputations in the National Income and Product Accounts—Continued [Billions of dollars] Line 1996 1999 1997 Specific imputations Owner-occupied housing: Space rent Nonfarm Farm Intermediate inputs Nonfarm Farm Net interest Nonfarm Farm Indirect business tax and nontax liability Nonfarm Farm Subsidies (nonfarm) Consumption of fixed capital Nonfarm Farm Proprietors' income with inventory valuation and capital consumption adjustments (114-117-120-12^127). Rental income of persons with capital consumption adjustment (113-116-119-122+124-126). Rental value of nonresidential fixed assets owned and used by nonprofit institutions serving individuals1. Net interest (interest paid) Indirect business tax and nontax liability Consumption of fixed capital Services furnished without payment by financial intermediaries except life insurance carriers (imputed interest received). Persons2 Government Business Rest of the world 3 Farm products consumed on farms Output Less: Intermediate inputs Employment-related imputations Food furnished to employees, including military and domestic service 4 . Standard clothing issued to military personnel 4 Employees'lodging 4 Employer contributions for health and life insurance5 Contributions for social insurance for Federal Government employees for certain programs 6 . Private investment-related imputations Owner-occupied residential structures7 Nonresidential fixed investment by nonprofit institutions serving individuals8. 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 1.0 1.0 241.6 241.0 .6 84.2 83.3 .8 0 90.7 87.6 3.2 .2 255.1 254.5 .6 87.8 87.0 .8 129 70.5 69.9 561.3 555.4 5.8 74.1 73.1 591.6 585.5 6.1 82.5 81.5 .1 96.0 92.7 3.3 .2 629.0 622.7 6.3 89.8 88.7 1.0 266.7 266.1 .6 91.6 90.7 101.5 98.0 3.5 .3 667.7 661.1 6.6 91.4 90.3 1.0 284.1 283.5 .6 95.4 94.5 109.8 106.0 3.8 .3 79.3 130 49.8 52.2 55.3 58.5 131 132 133 15.4 3.9 30.5 15.8 4.0 32.4 16.0 4.3 35.0 16.1 4.6 37.8 134 269.3 306.5 324.7 342.8 135 136 137 138 177.0 9.6 67.2 15.5 204.2 10.6 74.4 17.3 222.6 9.6 74.0 18.5 243.8 10.6 72.0 16.4 140 141 .5 .3 .5 .3 .3 .5 .3 142 280.6 269.2 286.4 306.4 143 9.5 10.0 10.3 10.6 144 145 146 147 .3 .4 267.2 3.2 .3 .4 255.4 3.1 .3 .4 272.2 3.1 292.0 3.1 148 314.0 335.2 378.6 415.4 149 150 263.1 44.7 272.9 55.6 309.3 62.1 344.1 63.9 139 .3 1. Residential dwellings owned and used by nonprofit institutions serving individuals are included in owner-occupied housing categories. 2. Includes services furnished without payment by financial intermediaries except life insurance carriers to government employee retirement plans. 3. Classified as a service in exports of goods, services, and income receipts and as an income payment in imports of goods, services, and income payments. 4. For general government employees, recorded as compensation of employees (wages and salaries) and as a sale; government consumption expenditures is not affected. Similar payments for employees of government enterprises are not included in government consumption expenditures; they are deducted in the calculation of the surplus of government enterprises. 5. Health insurance premiums paid by employers are included in the calculation of the "health insurance" category of personal consumption expenditures (PCE); life insurance premiums paid by employers are included in the calculation of the "expenses of handling life insurance and pension plans" category of PCE. 6. Consists of the programs for which a social insurance fund is imputed, and for which contributions are set equal to benefits paid. These payments are funded directly out of the current budget. The specific programs consist of workers' compensation, unemployment insurance, and medical services for the dependents of active duty military personnel at nonmilitary facilities. Source data are not available for the corresponding treatment for similar State and local government programs. Similar payments for employees of government enterprises are not included in government consumption expenditures; they are deducted in the calculation of the surplus of government enterprises. Line Margins on owner-built housing Government investment-related imputations General government consumption of fixed capital 9 Gross government investment 10 1996 1997 6.2 6.7 7.3 7.5 399.4 149.2 250.1 419.2 154.6 264.6 439.2 160.4 278.8 479.0 170.3 308.7 Interest-related imputations: Net interest (118+131+134-137-138) Monetary interest paid by persons Owner-occupied housing (118) Interest paid by nonprofit institutions serving individuals (131) Imputed interest paid by banks, credit agencies, and investment companies (134). Less: Imputed interest received By business (137) By the rest of the world (138) 155 156 157 158 159 443.5 257.0 241.6 15.4 269.3 485.8 270.9 255.1 15.8 306.5 514.9 282.7 266.7 16.0 324.7 554.6 300.2 284.1 16.1 342.8 160 161 162 82.7 67.2 15.5 91.7 74.4 17.3 92.5 74.0 18.5 72.0 16.4 Interest paid by persons Owner-occupied housing (-118) Interest paid by nonprofit institutions serving individuals (-131) .. 163 164 165 -257.0 -241.6 -15.4 -270.9 -255.1 -15.8 -282.7 -266.7 -16.0 -300.2 -284.1 -16.1 Personal interest income (134-136-137-138) Net interest (118+131+134-137-138) Imputed interest received by government (-136) Interest paid by persons (-118-131) 166 167 168 169 177.0 443.5 -9.6 -257.0 204.2 485.8 -10.6 222.6 514.9 -270.9 -282.7 243.8 554.6 -10.6 -300.2 -9.6 Selected aggregates Gross domestic product Imputations Owner-occupied housing (113-116+114-117) Rental value of nonresidential fixed assets owned and used by nonprofit institutions serving individuals (131+132+133). Services furnished without payment by financial intermediaries except life insurance carriers (135+136+138). Employment-related imputations (142) Farm products consumed on farms (139) Margins on owner-built housing (151) Consumption of general government fixed capital (153) Excluding imputations (170-171) 7,813.2 8,318.4 8,790.2 1,175.2 1,224.2 1,299.5 487.1 509.1 539.3 49.8 52.2 55.3 Personal income Imputations Food furnished to employees, including military and domestic service (143). Standard clothing issued to military personnel (144) Employees' lodging (145) Employer contributions for health and life insurance (146) Owner-occupied farm housing (128) Farm products consumed on farms (139) Margins on owner-built housing (151) Owner-occupied nonfarm housing (129-124) Services furnished without payment by financial intermediaries except life insurance carriers (135). Excluding imputations (180-181) 6,547.4 6,937.0 202.1 .2 6.2 149.2 6,638.0 232.2 269.2 .2 6.7 154.6 250.7 .2 7.3 160.4 7,094.2 7,490.7 9,299.2 1,390.0 576.4 58.5 270.8 306.4 .2 7.5 170.3 7,909.1 7,391.0 7,789.6 592.8 641.8 10.3 10.6 531.5 9.5 547.3 10.0 .3 .4 267.2 .2 .2 6.2 70.5 177.0 .3 .4 255.4 .2 .2 6.7 69.8 204.2 .3 .4 272.2 .3 .2 7.3 79.3 222.6 .3 .4 292.0 .3 .2 7.5 86.8 243.8 6,015.9 6,389.7 6,798.2 7,147.8 7. Consists of owner-occupant purchases of new single-family dwellings, including manufactured homes, expenditures on improvements, and payments of commissions on new and existing residential dwellings, less sales of dwellings to government. The series is calculated from the investment data prepared as part of BEA's capital stock estimates. It differs from the investment data shown in table 5.6 because the series shown in that table reflect total purchases by private business. 8. Excludes investment by nonprofit institutions serving individuals in residential properties, which is included in owner-occupant investment (see footnote 1) and in sales of existing structures to governments. The series is calculated from the investment data prepared as part of BEA's capital stock estimates. It differs from the investment data shown in table 5.6 because the series shown in that table reflect total purchases by private business. 9. The consumption of fixed capital (CFC) of government enterprises is not included in government consumption expenditures; it is deducted in the calculation of the current surplus of government enterprises and is recorded as part of total government CFC. 10. Includes gross investment of government enterprises. NOTE.—"Imputations" are transactions recorded in the national income and product accounts that are not transactions of the market economy. In this table, the imputations shown in the "specific imputations" section are those that affect gross national product (GNP). In table 8.20, imputed interest paid by life insurance carriers (line 41) consists of the property incomes earned on life insurance and pension reserves. These incomes are considered to be incomes received by persons and not by the insurance carriers; this r e c t i f i c a t i o n is not considered an imputation for purposes of table 8.21, because it does not affect GNP. 118 • August 2000 SURVEY OF CURRENT BUSINESS Table 8.22.—Relation of Consumption of Fixed Capital in the National Income and Product Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal Revenue Service (IRS) Table 8.24.—Relation of Net Farm Income in the National Income and Product Accounts (NIPA's) to Net Farm Income as Published by the U.S. Department of Agriculture (USDA) [Billions of dollars] [Billions of dollars] Line 1996 1997 1998 Line Corporations Depreciation and amortization, IRS Less: Depreciation of assets of foreign branches Depreciation or amortization of intangible assets l Other 2 „ Plus: Accidental damage to fixed capital other than repairable damage Depreciation of computer software not in IRS depreciation Depreciation of mining exploration, shafts, and wells charged to current expense. Depreciation of motor vehicles not in IRS depreciation3 Depreciation of railroad track charged to current expense 4 Other 5 535.8 3.5 32.0 14.9 4.0 59.2 12.3 583.5 3.3 38.5 17.5 4.0 66.8 12.3 5.4 5.4 1.6 1.6 Equals: Capital consumption allowances, NIPA's 614.5 Less: Capital consumption adjustment Equals: Consumption of fixed capital, NIPA's 55.0 Plus: 18.0 6.2 .8 -.6 25.4 Farm housing, NIPA's Monetary interest received by farm corporations Valuation adjustment, Commodity Credit Corporation loans Less: Consumption of fixed capital, NIPA's Gross rental value of farm housing, USDA Patronage dividends received from cooperatives Other 1 _ 664.2 719.0 24.6 32.9 39.9 42.1 543.5 581.5 624.3 676.9 116.8 130.5 143.8 1.9 9.6 .8 .6 5.4 2.2 2.7 10.3 .8 .6 5.7 2.3 6.0 11.2 .8 .6 6.2 2.5 .5 .5 1996 Net farm income, USDA Equals: Farm proprietors' income and corporate profits with inventory valuation and capital consumption adjustments. Proprietors' income Corporate profits 1998 1999 44.9 44.0 18.2 18.3 7.0 .9 -.1 1.5 18.1 6.4 .7 .4 26.3 10.1 .8 1.7 42.0 35.8 29.8 27.2 34.3 7.7 29.7 6.1 25.4 4.4 25.3 1.9 9.9 .6 ,.... 1997 6.7 .8 0 27.4 29.2 10.8 .6 1.9 11.0 .6 2.1 1. Consists largely of salaries paid to corporate officers and to certain farm operators. Nonfarm sole proprietorships and partnerships Depreciation and amortization, IRS Less: Depreciation or amortization of intangible assets Adjustment for misreporting on income tax returns Other 6 Z „ Plus: Accidental damage to fixed capital other than repairable damage Depreciation of computer software not in IRS depreciation Depreciation of mining exploration, shafts, and wells charged to current expense. Depreciation of motor vehicles not in IRS depreciation3 Table 8.25.—Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS) [Billions of dollars] 113.3 125.8 135.5 145.6 Less: Capital consumption adjustment 35.5 44.2 49.3 53.3 Equals: Consumption of fixed capital, NIPA's 77.8 81.6 86.2 92.3 Equals: Capital consumption allowances, NIPA's 1. Consists of intangible assets that the IRS allows to be amortized. 2. Consists of depreciation or amortization of the following items: Breeding, dairy, and work animals; motion picture films; rental videocassettes; and rental clothing. 3. Consists of depreciation of employees' motor vehicles reimbursed by business and depreciation of business motor vehicles charged to current expense. 4. Beginning with 1981, included in IRS depreciation (line 1). 5. Consists of depreciation of assets owned by Federal Reserve banks, Federally sponsored credit agencies, credit unions, and nonprofit institutions serving business; depreciation of interest paid by public utilities for ownaccount investment prior to 1987 (beginning with 1987, jncluded in line 1). 6. Consists of depreciation or amortization of rental videocassettes and rental clothing. Table 8.23.—Relation of Nonfarm Proprietors' Income in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS) Plus: Adjustment for misreporting on income tax returns Posttabulation amendments and revisions' Income of organizations not filing corporation income tax returns. Federal Reserve banks Federally sponsored credit agencies 2 Other 3 . _ .;. Depletion on domestic minerals Adjustment to depreciate expenditures for mining exploration, shafts, and wells. State and local corporate profits tax accruals Interest payments of regulated investment companies Less: Tax-return measures of: Gains, net of losses, from sale of property Dividends received from domestic corporations Income on equities in foreign corporations and branches (to U.S. corporations). Costs of trading or issuing corporate securities4 Taxes paid by domestic corporations to foreign governments on income earned abroad. Plus: Income received from equities in foreign corporations and branches by all U.S. residents, net of corresponding payments. [Billions of dollars] Line 1996 1997 1998 Net profit (less loss) of nonfarm proprietorships and partnerships, plus payments to partners, IRS. 1 287.1 311.3 335.6 Plus: Adjustments for misreporting on income tax returns Posttabulation amendments and revisions' Depletion on domestic minerals Adjustment to depreciate expenditures for mining exploration, shafts, and wells. Bad debt expense . Income received by fiduciaries Income of tax-exempt cooperatives 2 3 4 5 224.4 -48.1 .9 .7 231.8 -51.8 .9 2.9 252.6 -59.5 .7 2.2 6 7 8 6.1 1.1 3.7 6.9 1.2 3.9 8.3 1.2 4.0 Equals: Nonfarm proprietors' income, NIPA's 9 476.0 507.2 545.1 1999 Equals: Profits before taxes, NIPA's Federal income and excess profits taxes, IRS Plus: Posttabulation amendments and revisions, including results of audit and renegotiation and carryback refunds. Amounts paid to U.S. Treasury by Federal Reserve banks State and local corporate profits tax accruals Less: U.S. tax credits claimed for foreign taxes paid Investment tax credit 5 Other tax credits 5 586.9 1. Consists largely of an adjustment to expense all meals and entertainment, of oil well bonus payments written off, of adjustments for corporate partners and statutory employees, of interest income, and of margins on ownerbuilt housing. Line Total receipts less total deductions, IRS 20 1996 1997 797.6 905.5 94.1 -4.3 28.4 107.7 8.4 29.2 21.8 2.7 4.0 8.2 23.4 3.1 2.7 8.4 6.4 33.0 -86.4 74.7 34.2 -96.1 132.9 47.2 107.1 201.1 57.7 113.8 25.3 8.0 24.1 8.9 100.9 110.7 726.3 792.4 223.7 239.4 -.1 -1.8 20.1 33.0 43.3 20.7 34.2 44.9 1998 1999 758.2 823.0 83.6 9.8 10.3 Equals: Profits tax liability, NIPA's 223.6 237.2 244.6 255.9 Profits after tax, NIPA's (19-27) 502.7 555.2 513.6 567.1 351.5 370.7 Dividends paid in cash or assets, IRS 530.8 655.1 Plus: Posttabulation amendments and revisions6 Dividends paid by Federal Reserve banks and certain federally sponsored credit agencies 2 . U.S. receipts of dividends from abroad, net of payments to abroad. Earnings remitted to foreign residents from their unincorporated U.S. affiliates. Interest payments of regulated investment companies -91.8 1.4 -164.6 1.6 40.4 51.4 Less: Dividends received by U.S. corporations Earnings of U.S. residents remitted by their unincorporated foreign affiliates. Equals: Net corporate dividend payments, NIPA's 3.7 3.4 -66.4 -96.1 93.5 7.0 108.7 6.9 297.7 335.2 1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written off, of adjustments for insurance carriers and savings and loan associations, of amortization of intangible assets, and of tax-exempt interest income. 2. Consists of the Farm Credit System for 1947 forward and the Federal home loan banks for 1952 forward. 3. Consists of nonprofit organizations serving business and of credit unions. 4. Includes the imputed financial service charge paid by corporations to domestic securities dealers who do not charge an explicit commission. 5. Beginning with 1984, the investment tax credit is included in other tax credits (line 26). 6. Consists largely of an adjustment to remove capital gains distributions of regulated investment companies. Table 8.26.—Relation of Monetary Interest Paid and Received in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS) Table 8.29.—Capital Transfers (Net) [Billions of dollars] Line [Billions of dollars] Capital transfers received by government (net) Line 1996 1997 1998 1999 Corporations Interest paid IRS Less: Interest paid by foreign branches of commercial banks Plus: Interest paid by organizations not filing corporation income tax Federally sponsored credit agencies 1 Other Interest paid by regulated investment companies reported as distributions to stockholders. Adjustment for mutual savings banks and savings and loan associations. Other 2 Equals: Monetary interest paid by corporations, NIPA's 7709 8665 2 3 9.1 29.9 19.6 33.2 4 17.5 19.9 5 6 12.4 86.4 13.3 96.1 7 2.5 -9 61 59 9 886.7 981.2 1,113.5 1,178.7 Nonfarm proprietorships and partnerships Interest paid, IRS 10 59.6 70.3 84.3 Plus: Interest reported on rental expense schedule Interest passed through to partners Interest capitalized on tax returns Less: Adjustment for misreporting on income tax returns 11 12 13 14 57.0 11.8 1.2 10.0 59.3 16.4 1.0 11.3 64.2 21.4 1.1 13.1 Equals: Monetary interest paid, NIPA's 15 119.7 135.7 157.9 177.1 Corporations Interest received, IRS 16 Less: Interest received by foreign branches of commercial banks Plus: Interest received by organizations not filing corporation income 17 18 12.0 70.1 11.3 76.2 Federal Reserve banks Federally sponsored credit agencies Other 3 Adjustment for mutual savings banks and savings and loan 19 20 21 25.2 20.2 24 7 26.9 22.7 26 6 22 6.2 4.4 Other4 23 11 5 127 Equals: Monetary interest received by corporations, NIPA's 24 1,082.1 1,186.9 1,157.8 1,268.9 1,398.0 1,481.9 1. Consists of interest paid by nonprofit organizations serving business and by credit unions. 2. Consists of construction interest capitalized on tax returns, interest reported on tax returns in cost of goods sold, and interest passed through to shareholders by small business corporations. 3. Consists of nonprofit organizations serving business, of credit unions, and of other tax-exempt interest received by commercial banks and nonlife insurance carriers. 4. Consists of interest received by credit agencies and finance companies reported as business receipts on tax returns and of interest passed through to shareholders by small business corporations. NOTE.—Total interest received by financial proprietorships and partnerships is not separately identified by the IRS. Table 8.27.—Relation of Wages and Salaries in the National Income and Product Accounts (NIPA's) to Wages and Salaries as Published by the Bureau of Labor Statistics (BLS) [Billions of dollars] Line Total wages and salaries, BLS 1 Plus: Adjustment for misreporting on employment tax returns 2 . Adjustment for thrift savings plans 3 Adjustment for selected industries4 Other 5 A J' _i.^_ ___i. i__ _ .^ I _ _ i . _ _J !___!. .Al._:... _ A Equals: Wage and salary disbursements, NIPA's . Plus: Wage accruals less disbursements, NIPA's Equals: Wage and salary accruals, NIPA's 1996 1997 1998 1999 3,414.7 3,674.0 3,961.4 83.5 3.1 113.6 11.6 90.0 1.5 114.5 3,626.5 97.6 0 119.0 12.7 4,190.7 4,470.0 3.6 -2.9 2.1 5.2 3,630.1 3,886.0 4,192.8 4,475.1 1. Total annual wages of workers covered by State unemployment insurance (Ul) laws and by the Unemployment Compensation for Federal Employees program. 2. Consists of unreported wages and salaries paid by employers and of unreported tips. 3. Consists of voluntary contributions by employees. Prior to 1985, employers were not required to report these contributions. In 1985, reporting requirements were enacted by over one half of the States; by 1990, the requirement had been enacted by almost all States. 4. For the following industries, consists of the difference between estimates from more comprehensive source data (excluding the adjustments in lines 2 and 3) and BLS wages and salaries: Agriculture, forestry, and fishing; railroad transportation; health services; educational services; social services; membership organizations; private households; and the Federal Government. 5. Consists of wages and salaries for insurance agents classifed a s statutory employees, for students and their spouses employed by public colleges or universities, for nonprofit organizations not participating in the Ul program (in industries not listed in footnote 4), and of other coverage adjustments. Federal Estate and gift taxes paid by persons Less: Capital transfers paid to the rest of the world (net) • Less: Federal investment grants to State and local governments2 Less: Investment grants to business3 State and local Estate and gift taxes paid by persons Federal investment grants to State and local governments2 Capital transfers received by the rest of the world (net) Capital transfers received from U.S. government (net) Less: Immigrants' transfers received by persons (net) 4 8 119 August 2000 SURVEY OF CURRENT BUSINESS 1996 1997 1998 23.1 26.8 32.4 -10.7 -8.4 20.6 .2 28.8 0 35.3 6.5 28.8 -3.6 25.2 17.5 0 28.1 0 33.8 5.6 28.1 -.1 0 .1 -.4 .2 .6 1999 0 28.8 0 36.0 7.3 28.8 -3.2 28.8 .1 31.9 0 40.0 8.1 31.9 .7 -.6 .1 .7 1. Consists of forgiveness of debts owed by foreign governments to the U.S. Government. 2. Consists of Federal Government investment grants for highways, transit, air transportation, and water treatment plants. 3. Consists of maritime construction subsidies paid by the Federal Government. 4. Consists of a limited measure of immigrants' transfers to the United States (transfers of funds by individuals moving across borders). 120 August SURVEY OF CURRENT BUSINESS 2000 GDP and Other Major NIPA Series, 1929-2000:1 1-4 present the historical series from the national income and product accounts (NIPA's). Specifically, table 1 presents current-dollar gross domestic product and its components. Table 2A presents real gross domestic product and its components in chained dollars, and table 2B presents real gross domestic product and its components in chain-type quantity indexes. Table 3 presents NIPA TABLES price indexes. Table 4 presents national income and personal income. The estimates are available on BEA's Web site at <www.bea.doc.gov>; for information, call 202-606-5304. These estimates are also available on STAT-USA's Web site at <www.stat-usa.gov>; for information, call 202-482-1986. Table 1.—Cross Domestic Product [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Personal consumption expenditures Net exports of goods and Gross private domestic investment Fixed investment Year and quarter Gross domestic product Nonresidential Total Durable Nondurable goods Services Total Total Total Structures Equipment and software Residential Change in private inventories Net Exports Imports Government consumption expenditures and gross investment Total Federal State and local Percent change from preceding period Final sales of domestic product Gross national product Gross domestic product Final sales of domestic product 1929 103.7 77.5 9.2 37.7 30.5 16.5 14.9 11.0 5.5 5.5 4.0 1.5 0.4 5.9 5.6 9.4 1.7 7.7 102.2 104.5 1930 1931 1932 1933 1934 91.3 76.6 58.8 56.4 66.0 70.2 60.7 48.7 45.9 51.5 7.2 5.5 3.6 3.5 4.2 34.0 29.0 22.7 22.3 26.7 29.0 26.3 22.4 20.2 20.5 10.8 11.0 4.2 2.6 1.5 1.4 2.1 2.4 1.8 .8 .6 .9 -1.1 -2.4 -1.4 -.6 .3 0 0 .1 .3 4.4 2.9 2.0 2.0 2.6 4.1 2.9 1.9 1.9 2.2 10.0 7.0 3.6 3.1 4.3 4.4 2.6 1.4 1.1 1.2 -.2 5.9 1.3 1.7 3.7 8.6 5.3 2.9 2.5 3.3 10.6 1.8 1.8 1.8 2.3 3.2 8.2 8.1 7.0 6.5 7.3 91.5 11.1 61.2 57.9 66.6 92.0 77.1 59.2 56.7 66.3 -12.0 -16.1 -23.2 -4.0 16.9 -10.4 -15.1 -21.3 -5.4 15.1 1935 1936 1937 1938 1939 73.3 83.7 91.9 86.1 92.0 55.9 62.2 66.8 64.2 67.2 5.1 6.3 6.9 5.7 6.7 29.3 32.9 35.2 34.0 35.1 21.5 23.0 24.7 24.6 25.4 6.7 8.6 5.6 7.5 9.5 7.7 9.1 4.3 5.8 7.5 5.5 6.1 1.4 1.9 2.7 2.1 2.2 2.8 3.9 4.8 3.4 3.9 1.3 1.7 2.1 2.1 3.0 1.1 1.2 2.6 -.6 .2 -.2 -.2 0 .9 .8 2.8 3.0 4.0 3.8 3.9 3.0 3.2 4.0 2.8 3.1 10.9 13.1 12.8 13.8 14.7 3.3 5.5 5.0 5.6 5.9 7.6 7.6 7.8 8.2 8.9 72.2 82.6 89.2 86.6 91.8 73.7 84.0 92.3 86.5 92.5 11.0 14.2 14.4 1940 1941 1942 1943 1944 101.3 126.7 161.8 198.4 219.7 71.2 81.0 88.9 99.7 108.5 7.8 9.7 6.9 6.5 6.7 37.0 42.9 50.8 58.6 64.3 26.4 28.5 31.3 34.6 37.4 13.6 18.1 10.4 11.2 13.8 5.2 6.4 4.1 3.7 5.0 3.5 4.1 2.2 1.4 1.4 2.4 4.3 1.9 -.7 -.9 1.4 1.0 -.3 6.1 7.8 2.6 3.3 2.2 1.8 2.4 4.8 5.4 4.3 3.9 4.8 3.4 4.4 4.6 6.3 6.9 15.1 26.6 62.8 94.9 105.5 6.4 8.5 6.9 8.7 7.7 9.7 6.3 5.4 7.4 17.9 54.1 86.5 97.0 8.7 8.7 8.7 8.5 8.5 98.9 122.4 159.9 199.2 220.6 101.7 127.2 162.2 198.8 220.1 1945 1946 1947 1948 1949 223.0 222.3 244.4 269.6 267.7 119.8 144.2 162.3 175.4 178.8 8.0 71.9 82.7 90.9 96.6 94.9 40.0 45.8 51.0 55.9 58.9 10.8 31.1 35.0 48.1 36.9 12.3 25.1 35.5 42.4 39.6 10.6 17.3 23.5 26.8 24.9 3.3 7.4 8.1 9.5 9.2 7.3 9.9 1.7 7.8 -1.5 6.7 15.3 17.3 15.7 12.1 15.6 14.6 7.5 7.0 7.9 9.2 93.2 39.8 36.4 40.6 46.8 84.2 29.0 22.6 24.2 27.6 9.0 15.8 20.4 22.9 25.1 10.8 13.9 16.5 19.2 224.5 216.3 245.0 263.9 270.3 223.4 223.0 245.6 271.1 269.0 1950 1951 1952 1953 1954 294.3 339.5 358.6 379.9 381.1 192.7 208.6 219.7 233.4 240.5 30.7 29.9 29.3 32.7 31.9 98.2 109.2 114.7 117.8 119.7 63.7 69.6 75.6 82.9 88.9 54.1 60.2 54.0 56.4 53.8 48.3 50.3 50.5 54.5 55.8 27.8 31.8 31.9 35.1 34.7 10.0 12.0 12.2 13.6 13.9 17.8 19.9 19.7 21.5 20.8 20.5 18.4 18.6 19.4 21.1 -1.9 1955 1956 1957 1958 1959 415.2 438.0 461.5 467.9 507.4 259.0 271.9 287.0 296.6 318.1 38.8 38.1 40.0 37.4 42.7 124.7 130.8 137.1 141.7 148.5 95.4 102.9 109.9 117.4 127.0 69.0 72.0 70.5 64.5 78.5 64.0 68.1 69.7 64.9 74.6 39.0 44.5 47.5 42.5 46.5 15.2 18.2 19.0 17.6 18.1 23.9 26.3 28.6 24.9 28.4 25.0 23.6 22.2 22.3 28.1 5.0 3.9 .8 -.4 3.9 1960 1961 1962 1963 1964 527.4 545.7 586.5 618.7 664.4 332.3 342.7 363.8 383.1 411.7 43.3 41.8 46.9 51.6 56.7 152.9 156.6 162.8 168.2 178.7 136.1 144.3 154.1 163.4 176.4 78.9 78.2 88.1 93.8 102.1 75.7 75.2 82.0 88.1 97.2 49.4 48.8 53.1 56.0 63.0 19.6 19.7 20.8 21.2 23.7 29.8 29.1 32.3 34.8 39.2 26.3 26.4 29.0 32.1 34.3 3.2 3.0 6.1 5.6 4.8 1965 1966 1967 1968 1969 720.1 789.3 834.1 911.5 985.3 444.3 481.8 508.7 558.7 605.5 63.3 68.3 70.4 80.8 85.9 191.6 208.8 217.1 235.7 253.2 189.5 204.7 221.2 242.3 266.4 118.2 131.3 128.6 141.2 156.4 109.0 117.7 118.7 132.1 147.3 74.8 85.4 86.4 93.4 104.7 28.3 31.3 31.5 33.6 37,7 46.5 54.0 54.9 59.9 67.0 34.2 32.3 32.4 38.7 42.6 9.2 1970 1971 1972 1973 1974 1,039.7 1,128.6 1,240.4 1,385.5 1,501.0 648.9 702.4 770.7 852.5 932.4 85.0 96.9 110.4 123.5 122.3 272.0 285.5 308.0 343.1 384.5 292.0 320.0 352.3 385.9 425.5 152.4 178.2 207.6 244.5 249.4 150.4 169.9 198.5 228.6 235.4 109.0 114.1 128.8 153.3 169.5 40.3 42.7 47.2 55.0 61.2 68.7 71.5 81.7 98.3 108.2 41.4 55.8 69.7 75.3 66.0 15.9 14.0 1975 1976 1977 1978 1979 1,635.2 1,823.9 2,031.4 2,295.9 2,566.4 1,030.3 1,149.8 1,278.4 1,430.4 1,596.3 133.5 158.9 181.2 201.7 214.4 420.7 458.3 497.2 550.2 624.4 476.1 532.6 600.0 678.4 757.4 230.2 292.0 361.3 436.0 490.6 236.5 274.8 339.0 410.2 472.7 173.7 192.4 228.7 278.6 331.6 61.4 65.9 74.6 91.4 114.9 112.4 126.4 154.1 187.2 216.7 62.7 82.5 110.3 131.6 141.0 1980 1981 1982 1983 1984 2,795.6 3,131.3 3,259.2 3,534.9 3,932.7 1,762.9 1,944.2 2,079.3 2,286.4 2,498.4 214.2 231.3 240.2 281.2 326.9 696.1 758.9 787.6 831.2 884.7 852.7 954.0 1,051.5 1,174.0 1,286.9 477.9 570.8 516.1 564.2 735.5 484.2 541.0 531.0 570.0 670.1 360.9 418.4 425.3 417.4 490.3 133.9 164.6 175.0 152.7 176.0 227.0 253.8 250.3 264.7 314.3 123.2 122.6 105.7 152.5 179.8 12.2 7.1 9.3 6.0 -.6 5.7 -2.4 -2.2 -.9 7.1 9.9 8.8 8.7 5.4 5.2 14.1 18.7 15.5 14.4 .7 2.4 1.0 -.8 .3 12.3 17.0 16.3 15.2 15.7 11.6 14.6 15.3 16.0 15.4 46.9 68.3 83.9 90.8 86.5 26.0 45.0 59.2 64.4 57.3 20.9 23.3 24.7 26.4 29.2 288.5 329.6 355.1 378.0 383.0 .4 2.3 4.0 .4 -1.7 17.6 21.2 23.9 20.4 20.6 17.2 18.9 19.9 20.0 22.3 86.8 91.8 100.1 106.5 112.5 54.9 56.7 61.3 63.9 67.4 31.9 35.1 38.8 42.6 45.1 2.4 3.4 2.4 3.3 5.5 25.3 26.0 27.4 29.4 33.6 22.8 22.7 25.0 26.1 28.1 113.8 121.5 132.2 138.5 145.1 65.9 69.5 76.9 78.5 79.8 3.9 1.9 1.4 35.4 38.9 41.4 45.3 49.3 31.5 37.1 39.9 46.6 50.5 153.7 174.3 195.3 212.8 224.6 -3.1 57.0 59.3 66.2 91.8 124.3 55.8 62.3 74.2 91.2 127.5 -6.3 17.1 22.3 25.8 18.0 13.6 -2.3 -23.7 -26.1 -24.0 136.3 148.9 158.8 186.1 228.7 -6.3 29.8 -14.9 -5.8 65.4 -14.9 -15.0 -20.5 -51.7 -102.0 278.9 302.8 282.6 277.0 303.1 -2.7 5.8 9.9 3.5 1.9 13.6 9.9 9.1 9.2 2.0 8.3 9.1 10.8 -1.3 -1.2 1.2 -30 4.0 .6 8.4 9.7 8.1 -6.3 -2.9 6.9 6.0 10.1 25.0 27.7 22.7 10.7 23.7 30.6 24.6 10.8 1.5 -.3 10.0 10.3 7.7 1.8 -3.7 13.3 -.7 7.7 2.4 295.8 341.5 360.7 381.9 383.3 10.0 15.4 14.2 5.6 5.9 .3 7.7 6.4 1.3 410.2 434.0 460.7 468.3 503.5 417.8 440.8 464.7 470.7 510.3 9.0 5.5 5.4 1.4 8.4 7.1 5.8 6.2 1.6 7.5 47.9 52.0 55.3 59.9 65.3 524.1 542.7 580.4 613.1 659.6 530.6 549.3 590.7 623.2 669.4 3.9 3.5 7.5 5.5 7.4 4.1 3.5 7.0 5.6 7.6 82.1 94.4 106.8 114.0 116.1 71.6 79.9 88.6 98.8 108.5 710.9 775.7 824.2 902.4 976.2 725.5 794.5 839.5 917.6 991.5 8.4 9.6 5.7 9.3 8.1 7.8 9.1 6.3 9.5 8.2 237.1 251.0 270.1 287.9 322.4 116.4 117.6 125.6 127.8 138.2 120.7 133.5 144.4 160.1 184.2 1,037.7 1,120.3 1,231.3 1,369.7 1,487.0 1,046.1 1,136.2 1,249.1 1,398.2 1,516.7 5.5 8.6 9.9 6.3 8.0 9.9 11.7 11.2 122.7 151.1 182.4 212.3 252.7 361.1 384.5 415.3 455.6 503.5 152.1 160.6 176.0 191.9 211.6 209.0 223.9 239.3 263.8 291.8 1,641.4 1,806.8 2,009.1 2,270.1 2,548.4 1,648.4 1,841.0 2,052.1 2,318.0 2,599.3 293.8 317.8 303.2 328.6 405.1 569.7 631.4 684.4 735.9 800.8 245.3 281.8 312.8 344.4 376.4 324.4 349.6 371.6 391.5 424.4 2,801.9 3,101.5 3,274.1 3,540.7 3,867.3 2,830.8 3,166.1 3,295.7 3,571.8 3,968.1 10.1 6.7 8.3 8.6 8.9 10.4 10.1 11.2 13.0 12.3 11.5 11.4 13.0 11.8 8.9 9.9 12.0 10.7 4.1 8.5 5.6 8.1 9.2 11.3 121 August 2000 SURVEY OF CURRENT BUSINESS Table 1.—Gross Domestic Product—Continued [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Personal consumption expenditures Net exports of goods and services Gross private domestic investment Fixed investment Year and quarter Gross domestic product Nonresidential Total Durable goods Nondurable goods Services Total Total Total Structures Equipment and software Residential Change in private inventories Net Government consumption expenditures and nrnss nvestmen State and local Percent change from preceding period Final sales of domestic product Gross national product Exports Imports -114.2 -131.9 -142.3 -106.3 -80.7 303.0 320.3 365.6 446.9 509.0 417.2 452.2 507.9 553.2 589.7 878.3 942.3 997.9 1,036.9 1,100.2 413.4 438.7 460.4 462.6 482.6 464.9 503.6 537.5 574.3 617.7 4,191.2 4,446.3 4,715.3 5,089.8 5,461.4 Total Federal Gross domestic product Final sales of domestic product 4,238.4 4,468.3 4,756.2 5,126.8 5,509.4 7.1 5.7 6.5 7.7 7.5 8.4 6.1 6.1 7.9 7.3 1985 1986 1987 1988 1989 4,213.0 4,452.9 4,742.5 5,108.3 5,489.1 2,712.6 2,895.2 3,105.3 3,356.6 3,596.7 363.3 401.3 419.7 450.2 467.8 928.8 958.5 1,015.3 1,082.9 1,165.4 1,420.6 1,535.4 1,670.3 1,823.5 1,963.5 736.3 747.2 781.5 821.1 872.9 714.5 740.7 754.3 802.7 845.2 527.6 522.5 526.7 568.4 613.4 193.3 175.8 172.1 181.6 193.4 334.3 346.8 354.7 386.8 420.0 186.9 218.1 227.6 234.2 231.8 21.8 1990 1991 1992 1993 1994 5,803.2 5,986.2 6,318.9 6,642.3 7,054.3 3,831.5 3,971.2 4,209.7 4,454.7 4,716.4 467.6 443.0 470.8 513.4 560.8 1,246.1 1,278.8 1,322.9 1,375.2 1,438.0 2,117.8 2,249.4 2,415.9 2,566.1 2,717.6 861.7 800.2 866.6 955.1 1,097.1 847.2 800.4 851.6 934.0 1,034.6 630.3 608.9 626.1 682.2 748.6 202.5 183.4 172.2 179.4 187.5 427.8 425.4 453.9 502.8 561.1 216.8 191.5 225.5 251.8 286.0 14.5 15.0 21.1 62.6 -71.4 -20.7 -27.9 -60.5 -87.1 557.2 601.6 636.8 658.0 725.1 628.6 622.3 664.6 718.5 812.1 1,181.4 1,235.5 1,270.5 1,293.0 1,327.9 508.4 527.4 534.5 527.3 521.1 673.0 708.1 736.0 765.7 806.8 5,788.7 5,986.4 6,303.9 6,621.2 6,991.8 5,832.2 6,010.9 6,342.3 6,666.7 7,071.1 5.7 3.2 5.6 5.1 6.2 6.0 3.4 5.3 5.0 5.6 1995 1996 1997 1998 1999 7,400.5 7,813.2 8,318.4 8,790.2 9,299.2 4,969.0 5,237.5 5,529.3 5,850.9 6,268.7 589.7 616.5 642.5 693.9 761.3 1,497.3 1,574.1 1,641.6 1,707.6 1,845.5 2,882.0 3,047.0 3,245.2 3,449.3 3,661.9 1,143.8 1,242.7 1,390.5 1,549.9 1,650.1 1,110.7 1,212.7 1,327.7 1,472.9 1,606.8 825.1 899.4 999.4 1,107.5 1,203.1 204.6 225.0 255.8 283.2 285.6 620.5 674.4 743.6 824.3 917.4 285.6 313.3 328.2 365.4 403.8 33.0 30.0 62.9 77.0 43.3 -64.3 -89.0 -89.3 -151.5 -254.0 818.6 874.2 966,4 966.0 990.2 902.8 963.1 1,055.8 1,117.5 1,244.2 1,372.0 1,421.9 1,487.9 1,540.9 1,634.4 521.5 531.6 538.2 540.6 568.6 850.5 890.4 949.7 1,000.3 1,065.8 7,367.5 7,783.2 8,255.5 8,713.2 9,255.9 7,420.9 7,831.2 8,325.4 8,786.7 9,288.2 4.9 5.6 6.5 5.7 5.8 5.4 5.6 6.1 5.5 6.2 1946:1 II Ill IV .... 210.6 218.4 228.2 232.0 134.9 140.1 148.9 153.1 12.6 14.7 17.1 18.7 78.9 80.6 85.1 86.3 43.5 44.8 46.6 48.1 25.0 32.0 33.1 34.5 19.4 23.5 27.4 30.2 13.6 16.1 18.7 20.9 6.2 7.4 7.9 7.9 7.3 8.6 5.9 7.4 8.7 9.3 5.5 8.5 5.7 4.3 6.5 7.3 8.4 6.3 13.0 14.2 15.4 13.6 6.6 7.0 7.0 7.3 44.2 39.1 37.8 38.1 34.3 28.7 26.7 26.2 99 10.8 13.0 10.4 11.1 11.9 2050 210.0 222.5 227.7 2112 219.1 229.0 232.9 15.8 19.2 26.2 1947:1 237.5 240.7 244.9 254.7 156.5 160.5 164.0 168.2 19.4 20.0 20.3 22.0 87.7 90.1 92.1 93.6 49.4 50.4 51.6 52.5 33.7 32.4 32.7 41.0 33.2 33.6 35.6 39.6 22.8 23.2 23.3 24.5 7.9 7.9 8.3 8.4 14.9 15.2 15.0 16.1 10.4 10.4 12.3 15.1 .5 -1.2 -2.9 10.8 11.2 11.7 1.5 9.2 18.3 19.4 19.4 17.6 7.5 8.2 7.7 8.3 36.5 36.6 36.4 36.2 23.4 23.1 22.3 21.5 13.1 13.5 14.1 14.8 237.0 241.9 247.8 253.2 238.6 241.8 246.1 256.0 170.9 174.7 177.6 178.4 22.0 22.5 23.7 23.4 95.1 97.0 97.0 97.3 53.8 55.2 56.9 57.8 45.0 48.1 50.3 49.1 41.3 42.2 43.1 43.1 26.2 26.0 27.0 28.1 8.8 9.3 9.9 10.1 17.3 16.7 17.1 18.0 15.2 16.3 16.1 15.0 3.6 5.9 7.2 6.0 7.2 5.2 4.9 4.4 16.9 15.2 15.4 14.6 9.6 IV .... 260.8 267.7 274.3 275.6 10.0 10.5 10.1 37.7 39.8 41.5 43.6 22.4 23.7 24.6 26.0 15.3 16.1 16.9 17.6 257.1 261.9 267.1 269.6 262.2 269.3 275.8 277.1 1949:1 II Ill IV .... 270.4 266.6 268.0 265.6 177.3 178.9 178.3 180.8 22.8 24.8 25.8 26.8 96.3 95.3 93.5 94.3 58.2 58.8 59.0 59.7 40.9 34.0 37.3 35.2 40.5 39.2 38.6 39.9 26.6 25.5 24.1 23.5 9.7 9.4 8.9 8.7 16.8 16.1 15.2 14.9 14.0 13.7 14.5 16.3 .4 6.4 6.2 5.1 2.9 16.0 15.6 14.0 12.0 9.6 9.4 8.9 9.1 45.7 47.4 47.3 46.7 27.5 28.5 27.6 26.8 18.2 18.9 19.7 19.9 270.0 271.7 269.3 270.3 271.8 268.0 269.4 266.8 -7.3 -5.5 .6 2.6 2.2 ^.6 -3.5 1950:1 II 183.5 187.4 201.1 198.5 27.7 28.1 35.6 31.5 94.8 96.3 100.9 100.9 61.0 63.0 64.6 66.1 44.4 49.9 56.1 65.9 42.3 47.0 52.0 51.8 24.2 26.6 29.6 30.6 9.1 9.5 18.1 20.4 22.3 21.3 2.1 1.6 -.8 -.2 11.6 11.8 12.2 13.5 10.2 13.0 13.7 45.7 46.2 46.0 49.7 25.5 25.7 24.9 27.9 20.2 20.5 21.2 21.8 273.7 282.3 298.3 299.8 277.0 286.5 304.2 315.5 16.1 14.3 26.8 15.9 5.1 10.3 11.0 15.1 17.1 19.4 19.6 9.5 13.1 24.8 IV .... 275.7 285.1 302.5 313.9 1951:1 II Ill IV .... 329.3 336.9 343.7 348.1 209.6 205.3 207.9 211.8 33.8 28.9 28.3 28.4 107.8 107.4 109.4 112.0 68.0 69.0 70.1 71.3 62.1 64.8 59.4 54.4 51.7 50.0 49.6 49.6 30.9 31.8 32.5 32.2 11.5 12.2 12.3 11.9 19.4 19.7 20.2 20.2 20.8 18.2 17.2 17.5 .1 1.9 3.7 4.1 15.0 17.0 18.0 18.1 14.9 15.2 14.3 14.0 57.6 64.9 72.8 77.9 35.2 41.8 49.2 53.9 22.3 23.1 23.7 23.9 318.9 322.1 334.0 343.4 330.9 338.8 345.8 350.4 21.2 28.1 9.5 8.4 5.3 15.6 11.8 1952:1 II Ill IV .... 351.5 352.4 358.8 371.8 213.2 217.4 220.0 228.2 28.9 29.1 27.6 31.7 111.4 113.7 115.9 117.9 72.9 74.5 76.5 78.5 55.2 49.9 53.9 57.2 50.5 51.4 48.3 51.9 32.4 32.9 29.8 32.5 12.0 12.1 12.2 12.6 20.4 20.8 17.7 19.9 18.0 18.5 18.5 19.4 3.6 1.8 -.1 18.6 16.5 15.1 15.2 15.0 14.6 15.3 16.3 79.4 83.3 85.1 87.6 55.4 58.5 60.5 62.4 24.0 24.8 24.7 25.2 346.7 353.9 353.3 366.5 353.6 354.6 360.9 373.9 3.9 1.1 7.5 3.9 8.6 -.8 15.2 15.9 1953:I II Ill IV .... 378.9 382.5 381.7 376.6 231.8 233.6 234.4 233.9 33.3 33.1 32.7 31.8 118.1 118.1 117.6 117.5 80.4 82.4 84.2 84.7 57.9 58.2 57.4 52.3 54.0 54.6 55.1 54.3 34.3 34.8 35.9 35.4 13.1 13.5 13.7 14.0 21.3 21.3 22.1 21.4 19.7 19.8 19.2 18.9 -7 -.4 15.0 15.1 15.7 15.1 15.8 16.4 16.3 15.5 90.0 92.1 90.6 90.7 63.9 66.2 64.0 63.6 26.0 25.9 26.6 27.2 375.0 378.9 379.4 378.6 380.9 384.7 383.6 378.5 7.8 3.9 -.8 -5.3 9.6 4.3 .5 -.9 1954:1 II III IV .... 376.0 376.7 381.5 390.1 236.0 238.8 241.2 245.9 31.1 31.8 31.4 33.2 118.7 118.8 119.9 121.3 86.2 88.1 89.9 91.4 51.6 51.2 54.7 57.8 53.5 54.6 56.8 58.1 34.5 34.3 35.0 34.9 13.9 13.9 13.9 13.8 20.6 20.4 21.1 21.1 19.0 20.3 21.8 23.2 -2.0 -3.4 -5.1 -.3 -.4 .2 .5 1.1 14.3 16.3 15.8 16.5 14.8 16.2 15.3 15.5 88.9 86.5 85.2 85.3 60.8 57.7 55.4 55.2 28.1 28.8 29.8 30.1 377.9 380.1 383.6 390.4 378.1 378.8 383.7 392.6 -.6 .8 5.2 9.3 -.6 2.3 3.8 7.3 1955:1 II Ill IV .... 403.1 411.4 419.9 426.4 252.1 257.1 261.3 265.3 36.5 38.8 40.5 39.4 122.3 124.0 125.0 127.5 93.3 94.3 95.8 98.4 64.2 68.1 70.0 73.9 60.4 63.5 65.7 66.6 35.4 37.9 40.4 42.5 14.3 14.7 15.4 16.2 21.1 23.1 25.0 26.3 25.0 25.6 25.2 24.2 3.8 4.6 4.3 7.2 1.0 -.3 .6 .1 17.2 16.8 18.1 18.3 16.2 17.1 17.4 18.1 85.7 86.4 88.0 87.1 54.6 54.7 55.9 54.4 31.1 31.7 32.2 32.8 399.3 406.8 415.6 419.2 405.6 413.9 422.5 429.0 14.0 8.4 8.6 6.3 9.4 7.7 9.0 3.5 1956:1 II Ill IV .... 428.8 434.7 439.7 448.6 266.9 269.6 272.8 278.2 37.7 37.8 37.6 39.4 129.1 130.0 131.3 132.7 100.1 101.8 103.8 106.0 73.0 71.4 72.5 71.2 66.6 67.8 68.9 69.0 42.8 43.9 45.4 45.9 17.4 18.0 18.6 18.7 25.4 25.9 26.8 27.2 23.7 23.9 23.5 23.0 6.4 3.6 3.6 2.2 .3 1.8 2.5 4.4 19.3 20.8 21.7 23.0 18.9 19.0 19.3 18.5 88.6 91.9 92.0 94.8 54.7 57.1 56.5 58.6 33.9 34.7 35.5 36.2 422.4 431.1 436.2 446.4 431.7 437.6 442.8 451.3 2.2 5.6 4.7 8.3 3.1 8.5 4.8 9.7 1957:1 II Ill IV .... 457.6 459.6 466.8 462.0 282.5 284.8 289.4 291.1 40.6 40.1 39.8 39.4 134.5 135.8 139.2 138.9 107.5 108.9 110.5 112.9 71.8 71.9 73.2 64.9 69.6 69.3 70.4 69.4 47.0 47.1 48.4 47.5 18.8 19.0 19.1 18.9 28.2 28.1 29.3 28.6 22.6 22.2 22.0 21.9 2.2 2.7 2.8 4.7 4.0 3.9 3.3 24.8 24.3 23.6 22.9 20.1 20.3 19.8 19.6 98.6 98.8 100.3 102.7 61.0 60.5 61.2 62.7 37.5 38.4 39.1 40.0 455.4 456.9 464.0 466.5 460.8 463.0 470.2 464.7 8.2 1.8 6.5 -4.0 8.3 1.3 6.4 2.2 1958:1 II Ill IV .... 454.6 458.9 472.4 485.8 290.8 293.8 298.9 302.8 37.4 36.6 37.3 38.5 139.5 140.8 142.8 143.9 113.9 116.4 118.9 120.3 60.5 58.7 65.5 73.2 64.6 63.0 63.9 68.0 43.6 42.0 41.4 43.0 18.1 17.6 17.3 17.6 25.5 24.4 24.1 25.5 20.9 21.0 22.5 24.9 -4.0 -4.2 20.4 20.4 20.5 20.5 19.5 20.1 19.7 20.8 102.3 106.0 107.3 110.2 61.3 64.0 64.2 66.1 41.0 42.0 43.2 44.1 458.6 463.1 470.9 480.6 457.4 461.7 475.1 488.5 -6.2 -6.6 3.8 1.5 5.2 1.0 .4 .7 -.4 12.3 11.8 4.0 6.9 8.5 1959:1 || 310.4 316.5 321.7 323.9 41.5 43.2 44.1 41.8 146.1 147.7 149.3 150.9 122.9 125.6 128.4 131.2 76.2 82.2 76.5 79.3 72.3 74.9 76.1 75.2 44.5 46.1 47.8 47.7 17.4 18.0 18.6 18.5 27.1 28.1 29.2 29.2 27.8 28.8 28.3 27.5 3.9 7.3 .4 4.1 -1.7 -2.5 -1.1 -1.4 19.7 20.0 21.8 21.1 21.4 22.5 22.9 22.5 111.3 113.1 113.1 112.4 66.4 67.9 67.9 67.4 44.9 45.1 45.2 45.0 492.3 502.0 509.8 510.1 498.8 512.0 513.1 517.3 8.8 10.1 11.0 IV .... 496.1 509.2 510.2 514.2 8.1 6.4 .2 1960:1 II Ill IV .... 527.9 527.1 529.9 524.6 327.4 333.3 333.3 335.2 43.2 44.1 43.6 42.4 150.8 153.6 153.0 153.9 133.4 135.6 136.6 138.9 89.1 79.7 78.7 68.1 77.9 76.4 74.4 73.9 49.5 50.3 49.0 48.6 19.4 19.5 19.4 20.0 30.2 30.8 29.6 28.6 28.4 26.1 25.3 25.3 11.2 .9 1.7 3.0 4.0 24.2 25.2 25.9 25.8 23.3 23.5 22.9 21.7 110.5 112.4 115.0 117.3 64.2 64.8 66.5 68.0 46.3 47.6 48.5 49.2 516.7 523.8 525.6 530.4 530.9 530.2 533.2 528.1 -3.9 1961:I II Ill IV .... 528.9 539.9 550.3 563.4 335.7 340.6 343.5 350.8 39.9 40.9 42.1 44.2 155.2 156.0 156.5 158.6 140.6 143.7 144.9 148.0 70.3 75.8 82.3 84.2 72.9 74.0 75.7 78.2 47.5 48.5 48.7 50.4 19.9 19.6 19.7 19.6 27.6 28.8 29.1 30.8 25.3 25.5 26.9 27.8 4.4 3.3 2.8 2.9 26.1 25.2 26.1 26.8 21.7 21.9 23.3 23.9 118.5 120.3 121.7 125.5 67.4 69.1 69.7 71.7 51.1 51.2 52.0 53.9 531.5 538.1 543.7 557.5 532.6 543.4 553.9 567.1 3.3 8.6 7.9 9.9 II IV .... 1948:1 II m'!!!!! m'!!!!! m'!!!!! 6.6 27.1 18.5 27.7 -.2 -5.1 -1.3 -4.7 2.0. 2.8 4.2 14.0 10.4 14.8 9.7 4.7 4.7 -1.5 5.6 5.3 3.9 3.6 2.3 -2.0 -4.5 3.2 4.3 -5.8 -2.5 1.8 6.7 6.0 -1.1 -.8 -1.4 9.9 6.8 9.6 9.9 5.5 7.2 17.5 17.0 9.0 9.9 6.3 7.6 8.2 3.7 11.1 10.1 1.9 .8 3.2 11.1 -.6 2.2 8.5 10.1 1.4 2.0 4.0 5.3 5.7 1.4 3.7 .8 5.1 4.2 10.5 122 • August 2000 SURVEY OF CURRENT BUSINESS Table 1.—Gross Domestic Product—Continued [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Personal consumption expenditures Gross private domestic investment Net exports of goods and Fixed investment Year and quarter Gross domestic product Nonresidential Total Durable goods Nondurable goods Services Total Total Total Structures Equipment and software Residential Change in private inventories Net Exports Imports Government consumption expenditures and gross investment Total Federal State and local Percent change from nrP'* a ^' nri peri )d Final sales of domestic product Gross national product Gross domestic product Final sales of domestic product 1962:1 II Ill IV .... 576.8 583.9 591.0 594.4 356.0 361.6 365.6 371.8 45.2 46.4 46.9 48.9 160.6 161.9 163.4 165.3 150.2 153.3 155.2 157.6 89.4 87.9 89.3 86.0 80.0 82.4 83.1 82.6 51.6 53.2 53.9 53.5 20.0 20.8 21.4 20.9 31.6 32.4 32.5 32.6 28.4 29.2 29.2 29.1 9.4 5.4 6.2 3.4 2.3 3.2 2.9 1.5 26.6 28.1 28.0 27.0 24.3 24.9 25.1 25.6 129.2 131.2 133.3 135.1 75.0 76.4 77.7 78.5 54.2 54.8 55.6 56.6 567.4 578.4 584.8 591.0 580.5 588.0 595.2 599.2 9.8 5.0 5.0 2.3 7.3 8.0 4.5 4.3 1963:1 II Ill IV .... 603.4 612.1 624.9 634.3 375.4 379.5 386.5 391.1 50.0 51.3 52.0 53.1 166.3 167.0 169.4 169.9 159.1 161.3 165.0 168.1 90.5 92.2 95.0 97.4 83.6 87.3 89.3 92.3 53.4 55.1 56.8 58.7 20.2 21.2 21.4 21.9 33.2 33.9 35.4 36.8 30.2 32.2 32.5 33.7 6.9 4.8 5.7 5.1 2.0 3.7 3.1 4.4 27.2 29.6 29.8 31.1 25.2 25.9 26.7 26.8 135.5 136.7 140.3 141.4 77.4 77.7 79.6 79.4 58.1 59.0 60.7 62.0 596.6 607.3 619.1 629.3 608.0 616.5 629.4 639.0 6.2 5.9 8.6 6.2 3.8 7.4 8.0 6.7 1964:1 II Ill IV .... 650.4 659.6 671.2 676.3 400.7 408.6 417.5 420.1 55.2 56.6 58.4 56.4 174.1 177.3 181.0 182.3 171.4 174.7 178.1 181.5 100.7 100.6 102.5 104.5 95.6 96.1 97.8 99.5 60.1 62.0 64.1 65.7 22.4 23.4 24.3 24.8 37.7 38.5 39.8 40.9 35.4 34.2 33.7 33.8 5.1 4.5 4.7 5.0 5.9 4.9 5.4 5.7 32.9 32.6 33.9 35.0 27.0 27.7 28.4 29.3 143.1 145.5 145.8 146.0 79.9 80.5 79.8 79.0 63.2 65.0 66.0 67.0 645.3 655.2 666.5 671.3 655.5 664.6 676.3 681.1 10.5 10.6 5.8 7.2 3.1 6.3 7.1 2.9 1965:1 II Ill IV .... 696.5 709.0 726.2 748.7 430.9 437.9 447.2 461.3 61.9 61.7 63.6 65.9 185.0 188.7 192.6 200.0 184.0 187.5 191.0 195.4 115.7 115.8 119.6 121.8 104.1 107.3 110.4 114.2 70.2 73.1 76.1 79.7 26.1 28.2 28.5 30.4 44.1 44.9 47.5 49.3 33.9 34.2 34.3 34.5 11.5 3.0 4.7 3.7 4.1 31.5 36.3 35.7 38.0 28.5 31.7 32.0 33.9 146.9 150.6 155.7 161.6 78.6 80.2 82.7 86.9 68.3 70.4 73.0 74.7 684.9 700.5 716.9 741.2 702.0 714.8 731.6 753.6 12.5 8.6 9.3 7.6 8.4 9.4 9.7 1966:1 II Ill IV .... 772.3 781.5 794.8 808.6 471.8 477.0 486.2 492.0 68.9 66.3 68.8 69.1 204.3 208.0 211.0 211.7 198.6 202.8 206.3 211.2 131.8 130.7 130.2 132.6 117.9 118.4 118.3 116.1 83.1 85.2 86.4 86.9 31.1 31.2 31.9 31.2 52.0 54.0 54.5 55.7 34.8 33.2 31.9 29.2 13.9 12.3 11.9 16.5 3.2 2.0 .8 1.5 38.2 38.2 39.0 40.4 35.0 36.2 38.2 38.8 165.5 171.8 177.7 182.4 88.8 93.2 97.0 98.7 76.7 78.6 80.6 83.7 758.4 769.2 782.9 792.1 777.4 786.7 799.9 813.9 13.2 4.9 7.0 7.1 9.6 5.8 7.4 4.7 1967:1 II Ill IV .... 819.3 823.9 838.7 854.4 496.3 505.5 512.7 520.3 67.6 71.0 71.1 72.0 213.9 215.6 218.0 220.9 214.9 218.8 223.6 227.4 129.3 123.7 128.5 132.9 113.8 117.4 119.3 124.5 85.5 85.7 85.9 88.4 31.7 30.9 31.5 32.0 53.8 54.8 54.4 56.5 28.3 31.6 33.4 36.0 15.4 2.3 2.1 1.1 .2 41.7 41.1 40.7 41.9 39.4 39.0 39.5 41.7 191.4 192.7 196.3 201.0 105.3 105.2 107.3 109.4 86.1 87.5 89.0 91.6 803.9 817.6 829.4 846.0 824.6 829.1 844.4 860.0 5.4 2.3 7.3 7.7 6.1 7.0 5.9 8.2 1968:1 II Ill IV .... 881.4 905.7 920.9 937.8 538.1 551.9 568.0 576.9 77.1 79.1 83.3 83.6 228.1 233.3 239.4 242.0 232.9 239.6 245.3 251.3 137.2 143.4 139.7 144.4 128.8 129.3 132.0 138.4 91.9 91.2 93.1 97.5 33.1 33.2 33.2 34.8 58.8 58.0 59.9 62.7 36.9 38.2 38.9 40.9 -1.2 43.2 44.8 47.0 46.2 44.4 45.4 48.2 48.2 207.4 211.0 214.4 218.5 112.6 113.3 114.4 115.8 94.7 97.7 100.0 102.7 873.0 891.7 913.2 931.8 887.3 911.8 927.2 944.1 13.3 11.5 13.4 6.9 7.5 10.0 1969:1 II Ill IV .... 961.9 977.0 997.2 1,005.3 588.9 600.2 610.5 622.5 85.5 85.9 86.1 86.2 246.4 251.1 255.2 259.9 257.0 263.2 269.2 276.3 155.7 155.7 160.3 154.1 144.2 146.4 150.2 148.3 101.0 103.0 106.9 107.6 35.8 36.7 38.9 39.4 65.2 66.4 68.0 68.3 43.8 52.7 52.4 53.1 219.1 222.9 227.6 228.7 114.3 115.2 117.8 117.1 104.8 107.7 109.8 111.6 950.4 967.8 987.0 999.5 968.2 983.2 1,003.1 1,011.3 10.7 6.5 8.5 3.3 8.2 7.5 8.2 5.2 1970:1 II Ill IV .... 1,018.2 1,034.4 1,051.9 1,054.2 633.7 643.8 655.8 662.5 84.9 86.0 86.9 82.1 266.2 269.8 273.7 278.4 282.7 287.9 295.2 302.0 150.6 153.9 156.0 148.9 148.8 148.8 151.0 152.9 108.1 109.4 110.6 107.9 39.5 40.3 40.6 40.8 1971:I II Ill IV .... 1,099.9 1,120.6 1,140.8 1,153.1 681.7 695.7 708.0 724.3 92.7 95.5 97.8 101.5 280.3 284.1 286.7 291.0 308.7 316.1 323.5 331.8 171.3 178.9 183.4 179.1 159.1 168.0 173.2 179.4 110.5 113.4 114.8 117.9 1972:1 II Ill IV .... 1,192.5 1,227.5 1,252.0 1,289.7 741.7 759.9 778.2 803.1 104.9 108.1 111.4 117.0 295.9 304.3 311.5 320.5 340.9 347.5 355.3 365.6 193.1 206.5 212.4 218.5 189.9 194.5 198.7 211.0 1973:1 II Ill IV .... 1,338.4 1,374.4 1,394.1 1,435.3 827.9 843.1 861.9 877.2 125.2 124.1 123.8 121.1 330.4 337.0 347.6 357.4 372.3 381.9 390.5 398.7 232.6 246.1 241.8 257.6 1974:1 II Ill IV .... 1,450.0 1,487.6 1,514.8 1,551.6 895.4 923.6 951.4 959.2 118.9 123.0 128.8 118.6 369.1 380.4 391.7 396.8 407.3 420.2 430.9 443.7 1975:1 II Ill IV .... 1,567.2 1,603.1 1,659.9 1,710.5 984.4 1,013.7 1,047.2 1,076.0 123.2 128.3 138.0 144.4 404.5 415.6 427.8 435.1 1976:1 II Ill IV .... 1,770.3 1,803.1 1,837.0 1,885.3 1,111.1 1,131.1 1,160.8 1,196.1 154.1 156.3 159.6 165.3 1977:1 II Ill IV .... 1,939.1 2,006.6 2,067.5 2,112.4 1,231.6 1,260.3 1,291.9 1,329.9 1978:I II Ill IV .... 2,150.4 2,276.6 2,338.5 2,418.0 1979:1 II Ill IV .... 6.3 9.3 8.4 8.4 7.4 10.1 13.0 14.2 8.8 14.1 -.6 7.7 6.0 -1.3 -1.9 43.2 43.4 43.2 40.7 11.5 10.2 -1.9 -1.8 -1.3 5.8 .1 41.9 50.9 51.0 53.2 68.6 69.1 70.0 67.2 40.7 39.4 40.4 45.0 1.8 5.1 5.1 1.1 2.4 .9 .4 54.7 57.6 57.3 58.3 53.5 55.2 56.4 57.9 232.7 234.2 239.2 242.4 117.5 115.9 115.9 116.3 115.2 118.4 123.2 126.1 1,016.3 1,029.3 1,046.9 1,058.2 1,024.5 1,041.0 1,058.5 1,060.3 5.2 6.5 7.0 .9 6.9 5.2 7.0 4.4 41.5 42.3 43.1 43.8 69.0 71.1 71.7 74.1 48.6 54.6 58.3 61.5 .8 59.5 59.5 62.4 56.0 58.7 63.3 65.5 61.9 246.1 249.8 252.5 255.7 116.6 117.3 118.0 118.3 129.4 132.5 134.5 137.4 1,087.6 1,109.7 1,130.6 1,153.4 1,107.4 1,128.6 1,148.1 1,160.9 18.5 11.6 -3.8 -3.1 -6.0 7.7 7.4 4.4 8.4 7.7 8.3 123.3 126.3 129.1 136.7 45.8 46.6 47.3 49.0 77.5 79.7 81.8 87.7 66.6 68.2 69.6 74.3 63.5 63.1 66.2 72.1 72.2 71.4 74.1 79.2 266.3 269.5 269.4 275.1 125.7 127.6 124.0 125.3 140.6 141.9 145.4 149.9 1,189.2 1,215.5 1,238.3 1,282.2 1,200.8 1,235.8 1,261.0 1,298.8 14.4 12.3 13.0 7.5 -8.6 -3.3 -7.9 -7.1 222.0 227.8 232.0 232.6 144.2 152.1 157.0 159.8 51.3 54.1 56.8 57.7 92.8 98.0 100.1 102.1 77.9 75.8 75.0 72.7 10.6 18.2 -4.4 -1.1 9.8 3.2 4.7 81.0 88.3 94.3 103,4 85.4 89.5 91.1 98.7 282.4 286.4 287.2 295.7 128.2 128.8 125.5 128.9 154.2 157.6 161.7 166.8 1,327.8 1,356.2 1,384.3 1,410.3 1,349.2 1,386.1 1,408.0 1,449.7 244.1 252.3 245.5 255.9 231.5 234.9 239.9 235.4 162.6 167.4 172.5 175.4 59.0 61.3 61.4 63.2 103.6 106.0 111.1 112.2 69.0 67.5 67.4 60.0 -5.6 -9.1 -2.2 114.6 123.8 124.5 134.4 110.3 129.4 133.6 136.6 306.2 317.4 327.0 338.8 132.5 135.6 139.2 145.5 173.7 181.8 187.9 193.2 1,437.4 1,470.2 1,509.3 1,531.2 1,467.2 1,504.2 1,530.3 1,565.2 456.7 469.8 481.5 496.5 218.7 216.8 237.7 247.7 228.7 230.7 239.1 247.3 171.1 170.8 174.5 178.6 61.7 60.4 61.3 62.0 109.4 110.4 113.2 116.6 57.7 59.9 64.6 68.7 -10.0 -14.0 -1.4 .3 13.1 16.6 11.6 12.9 138.0 131.8 133.7 141.7 124.9 115.2 122.1 128.7 350.9 356.1 363.3 373.9 148.1 150.6 152.4 157.2 202.8 205.5 210.9 216.7 1,577.2 1,617.1 1,661.3 1,710.2 1,578.8 1,615.0 1,673.1 1,726.7 445.4 452.7 462.6 472.6 511.5 522.1 538.6 558.2 274.8 291.5 296.6 305.0 260.1 269.1 275.8 294.5 183.9 188.4 195.1 202.0 64.1 65.1 66.7 67.8 119.8 123.4 128.5 134.1 76.2 80.7 80.6 92.5 14.7 22.5 20.8 10.5 4.2 -1.1 -5.0 -7.2 143.1 146.0 150.9 155.4 138.9 147.1 155.8 162.7 380.3 381.5 384.6 391.5 157.1 158.6 160.9 165.6 223.2 222.9 223.7 225.9 1,755.6 1,780.7 1,816.2 1,874.8 173.7 178.8 183.2 189.2 483.9 492.2 498.7 513.8 574.1 589.3 610.0 626.9 326.7 355.1 378.2 385.4 311.9 335.6 347.3 361.3 214.3 224.0 232.3 244.3 69.7 73.6 76.4 78.5 144.6 150.3 155.9 165.8 97.6 111.7 115.0 116.9 14.8 19.5 30.9 24.1 -21.6 -21.7 -21.1 -30.3 154.8 161.3 161.8 157.1 176.4 183.0 182.9 187.4 402.4 413.0 418.5 427.4 170.3 175.4 177.1 181.4 232.1 237.6 241.4 246.0 1,359.8 1,419.0 1,452.1 1,490.6 187.0 204.7 205.0 210.2 524.4 542.9 558.5 575.2 648.5 671.4 688.6 705.2 396.2 429.3 448.8 469.7 370.8 405.0 423.9 441.2 249.7 274.5 288.1 302.1 79.2 88.6 95.8 102.0 170.5 185.9 192.3 200.2 121.1 130.5 135.8 139.1 25.5 24.3 25.0 28.5 -39.3 -23.3 -24.6 -17.3 164.0 185.6 190.5 204.5 203.3 208.8 215.1 221.8 433.7 451.6 462.1 475.0 184.0 190.0 193.4 200.0 2,470.9 2,529.3 2,601.5 2,663.8 1,531.5 1,566.9 1,620.1 1,666.5 211.5 210.3 218.9 216.9 593.9 610.5 635.8 657.6 726.2 746.0 765.5 792.0 478.5 490.9 495.9 497.3 454.6 463.5 483.8 488.7 316.0 322.6 340.3 347.5 104.8 110.0 119.1 125.7 211.3 212.7 221.1 221.8 138.6 140.9 143.5 141.2 23.9 27.4 12.1 8.6 -19.2 -23.4 -24.4 -29.0 210.7 219.7 232.9 251.5 229.8 243.1 257.3 280.5 480.1 494.9 509.9 529.0 1980:1 II Ill IV .... 2,732.9 2,736.9 2,793.6 2,918.8 1,716.0 1,719.3 1,777.1 1,839.2 220.0 199.8 213.1 223.8 679.7 686.6 699.5 718.5 816.3 832.9 864.5 897.0 504.3 468.2 441.7 497.2 494.4 460.5 475.5 506.4 359.8 349.3 359.6 375.0 130.3 129.8 133.6 141.9 229.5 219.5 226.0 233.2 134.5 111.2 115.9 131.3 9.9 7.8 -37.2 -16.7 -33.9 -9.1 3.3 -8.9 267.1 275.9 282.5 290.3 304.3 292.6 279.2 299.2 1981:1 II Ill IV .... 3,052.6 3,086.2 3,183.5 3,203.1 1,893.1 1,926.7 1,970.5 1,986.4 233.5 228.3 239.2 224.3 745.8 756.2 763.2 770.2 913.8 942.2 968.1 991.8 562.4 549.4 590.7 580.7 523.7 537.7 546.8 555.9 391.7 408.9 426.6 446.3 147.5 158.3 166.8 185.7 244.2 250.6 259.8 260.6 132.0 128.9 120.2 109.6 38.8 11.7 44.0 24.8 -17.0 -16.4 -10.2 -16.3 302.8 305.5 299.7 303.2 319.7 322.0 309.9 319.4 9.2 -4.0 12.3 10.9 10.2 -.3 3.2 12.0 13.7 25.0 12.5 17.4 5.6 20.4 4.3 8.4 8.2 9.1 7.7 12.6 15.0 16.0 11.2 15.0 5.8 12.4 4.2 8.8 8.6 7.7 10.8 7.9 9.4 7.5 11.1 10.1 5.9 4.1 9.5 14.9 12.8 12.6 10.5 11.4 12.3 1,786.3 1,820.0 1,854.4 1,903.5 14.7 11.1 1,924.3 1,987.2 2,036.6 2,088.2 1,960.2 2,027.8 2,088.7 2,131.5 249.7 261.6 268.7 275.0 2,125.0 2,252.4 2,313.5 2,389.5 2,172.9 2,295.8 2,360.0 2,443.3 203.0 208.7 212.7 222.2 277.1 286.3 297.2 306.8 2,447.1 2,501.9 2,589.4 2,655.3 2,497.5 2,559.8 2,638.6 2,701.3 549.8 566.2 571.6 591.3 232.8 244.4 245.5 258.4 317.0 321.8 326.0 332.9 2,723.0 2,729.2 2,827.5 2,927.9 614.1 626.5 632.5 652.3 268.2 280.5 283.3 295.3 345.9 346.0 349.3 357.1 3,013.8 3,074.5 3,139.5 3,178.3 7.6 7.7 5.8 8.2 10.9 13.5 11.9 14.7 12.7 11.0 13.7 10.3 10.5 9.0 7.4 7.2 25.6 11.3 14.3 26.2 11.3 13.8 9.0 9.8 10.0 11.9 9.9 14.7 10.6 2,771.7 2,773.7 2,829.2 2,948.7 10.8 10.6 19.2 15.2 15.0 3,086.0 3,118.3 3,217.9 3,242.0 19.6 12.3 4.5 8.3 8.7 5.0 .6 8.5 13.2 2.5 9.3 .9 123 August 2000 SURVEY OF CURRENT BUSINESS Table 1.—Gross Domestic Product—Continued [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Personal consumption expenditures Net exports of go odsand services Gross private domestic investment Fixed investment Year and quarter Gross domestic product Nonresidential Total Durable goods Nondurable goods Services Total Total Total Structures Equipment and software Residential Change in private inventories Net Exports Imports Percent change from prc'Ceding per od Government consumption expenditures and gross investment Total Federal State and local Final sales of domestic product Gross national product Gross domestic product Final sales of domestic product 1982:1 II Ill IV .... 3,193.8 3,248.9 3,278.6 3,315.6 2,023.0 2,048.8 2,093.7 2,151.7 234.0 236.6 239.1 251.2 776.2 778.6 793.0 802.7 1,012.8 1,033.6 1,061.6 1,097.8 525.2 529.2 526.3 483.5 546.7 533.4 520.5 523.3 441.9 430.6 418.2 410.5 183.8 179.6 170.4 166.2 258.1 251.0 247.8 244.3 104.8 102.8 102.3 112.8 -21.5 -4.2 5.8 -39.8 -17.2 -5.0 -30.3 -29.7 292.3 294.2 279.0 265.1 309.5 299.1 309.3 294.9 662.7 675.8 688.9 710.1 300.6 307.0 314.7 328.9 362.1 368.8 374.2 381.3 3,215.2 3,253.0 3,272.8 3,355.4 3,230.2 3,289.8 3,313.3 3,349.2 -1.2 7.1 3.7 4.6 4.7 4.8 2.5 10.5 1983:1 II Ill IV .... 3,378.5 3,489.6 3,582.9 3,688.8 2,188.4 2,260.0 2,319.4 2,377.9 255.7 276.0 288.3 304.9 806.2 824.0 842.4 852.1 1,126.4 1,160.0 1,188.8 1,220.9 495.7 543.7 578.0 639.5 530.8 551.4 582.2 615.6 399.9 403.2 419.6 447.0 156.7 147.8 151.0 155.5 243.2 255.3 268.6 291.6 130.9 148.2 162.6 168.5 -35.1 -7.7 -4.2 23.9 -24.6 -45.5 -65.2 -71.3 270.6 272.5 278.2 286.7 295.3 318.0 343.4 358.0 719.1 731.3 750.7 742.7 334.2 343.4 355.8 344.4 384.9 387.9 394.9 398.3 3,413.6 3,497.2 3,587.1 3,664.8 3,412.5 3,526.2 3,620.5 3,728.0 7.8 13.8 11.1 12.4 7.1 10.2 10.7 9.0 1984:1 II Ill IV .... 3,813.4 3,909.4 3,974.7 4,033.5 2,427.1 2,481.4 2,517.1 2,568.0 316.7 326.1 326.7 338.0 866.4 883.8 889.7 898.7 1,244.1 1,271.4 1,300.7 1,331.4 709.3 736.0 753.2 743.6 636.3 666.6 681.9 695.7 460.7 485.2 501.1 514.3 164.5 174.4 181.0 184.2 296.2 310.8 320.1 330.2 175.6 181.4 180.8 181.3 73.0 69.3 71.3 48.0 -94.3 -103.5 -103.1 -107.1 293.7 303.0 306.5 309.2 388.0 406.5 409.6 416.4 771.2 795.5 807.5 829.0 361.5 376.2 377.2 390.6 409.8 419.3 430.2 438.4 3,740.4 3,840.0 3,903.4 3,985.5 3,849.6 3,945.9 4,011.0 4,065.8 14.2 10.5 6.9 6.0 8.5 11.1 6.8 8.7 1985:1 II Ill IV .... 4,109.7 4,170.1 4,252.9 4,319.3 2,632.9 2,682.1 2,749.8 2,785.6 351.8 356.6 379.1 365.6 910.5 924.2 932.8 947.5 1,370.6 1,401.3 1,437.9 1,472.5 721.1 734.2 727.7 762.3 704.9 712.6 711.4 729.2 521.5 529.8 523.8 535.3 193.5 194.1 191.0 194.6 328.0 335.7 332.8 340.7 183.4 182.8 187.7 193.9 16.2 21.7 16.3 33.1 -91.4 -114.7 -117.2 -133.6 305.9 303.9 297.0 305.3 397.3 418.6 414.2 438.9 847.1 868.4 892.5 905.1 399.3 408.2 421.0 425.1 447.9 460.2 471.5 480.0 4,093.5 4,148.5 4,236.6 4,286.2 4,135.4 4,197.8 4,275.5 4,344.8 7.8 6.0 8.2 6.4 11.3 5.5 8.8 4.8 1986:1 II Ill IV .... 4,375.3 4,415.2 4,483.4 4,537.5 2,825.1 2,857.0 2,928.6 2,970.0 372.7 387.3 424.7 420.5 957.3 950.6 956.9 969.1 1,495.1 1,519.1 1,547.0 1,580.4 764.0 754.2 733.6 737.1 733.6 738.5 740.6 749.8 529.1 520.2 516.6 524.3 190.9 173.9 168.3 170.1 338.2 346.3 348.3 354.2 204.5 218.3 224.1 225.6 30.3 15.7 -7.0 -12.7 -127.1 -129.2 -138.5 -132.8 312.0 314.2 320.1 334.9 439.0 443.4 458.6 467.7 913.2 933.2 959.7 963.2 421.8 434.8 452.0 446.1 491.4 498.4 507.7 517.1 4,344.9 4,399.6 4,490.4 4,550.3 4,397.0 4,429.6 4,499.7 4,547.1 5.3 3.7 6.3 4.9 5.6 5.1 8.5 5.4 1987:1 II Ill IV .... 4,612.3 4,695.8 4,770.2 4,891.6 3,011.4 3,081.5 3,145.5 3,182.9 397.3 417.2 437.8 426.5 994.4 1,011.9 1,022.0 1,033.1 1,619.7 1,652.5 1,685.7 1,723.3 762.6 766.4 765.3 831.6 734.6 749.9 764.3 768.5 509.3 520.7 536.9 540.1 165.4 167.3 175.3 180.3 343.9 353.3 361.6 359.8 225.3 229.2 227.4 228.4 28.0 16.5 1.0 63.1 -139.4 -144.7 -142.8 -142.2 337.5 356.8 373.7 394.5 476.8 501.5 516.5 536.7 977.6 992.6 1,002.2 1,019.3 452.1 459.7 461.5 468.5 525.5 532.9 540.7 550.8 4,584.3 4,679.3 4,769.2 4,828.5 4,623.5 4,710.3 4,784.0 4,906.8 6.8 7.4 6.5 10.6 3.0 8.5 7.9 5.1 1988:1 II Ill IV .... 4,957.0 5,066.5 5,151.5 5,258.3 3,259.8 3,319.5 3,387.0 3,460.1 446.5 448.5 445.3 460.5 1,049.4 1,070.3 1,095.2 1,116.5 1,763.8 1,800.7 1,846.5 1,883.0 797.7 819.2 825.7 842.0 780.7 799.5 807.5 822.9 551.1 566.3 571.8 584.5 177.5 182.8 182.3 184.0 373.6 383.5 389.5 400.5 229.6 233.3 235.7 238.4 17.0 19.7 18.2 19.1 -121.0 -103.4 -96.3 -104.4 421.0 441.9 455.8 469.0 542.0 545.3 552.1 573.5 1,020.5 1,031.2 1,035.1 1,060.7 461.2 460.0 457.2 472.2 559.3 571.2 578.0 588.5 4,940.0 5,046.9 5,133.3 5,239.2 4,977.8 5,085.1 5,167.5 5,276.6 5.5 9.1 6.9 8.6 9.6 8.9 7.0 8.5 1989:1 II Ill IV .... 5,379.0 5,461.7 5,527.5 5,588.0 3,511.8 3,572.9 3,626.9 3,675.1 460.5 467.5 478.7 464.3 1,134.3 1,161.3 1,174.0 1,191.9 1,917.0 1,944.1 1,974.2 2,018.8 881.2 875.4 868.3 866.7 833.0 839.4 858.4 850.1 596.0 607.1 628.1 622.3 189.0 189.0 197.6 197.9 406.9 418.1 430.6 424.4 237.0 232.3 230.2 227.8 48.2 36.0 10.0 16.6 -64.2 -81.4 -79.6 -77.6 492.0 512.5 509.4 522.0 576.2 594.0 589.0 599.6 1,070.3 1,094.8 1,111.9 1,123.9 470.4 482.6 490.0 487.2 599.8 612.2 621.9 636.8 5,330.8 5,425.6 5,517.5 5,571.4 5,397.2 5,479.1 5,547.5 5,614.1 9.5 6.3 4.9 4.5 7.2 7.3 6.9 4.0 1990:1 II Ill IV .... 5,720.8 5,800.0 5,844.9 5,847.3 3,754.8 3,806.2 3,871.6 3,893.4 486.4 469.2 463.7 451.0 1,221.7 1,233.2 1,258.5 1,270.9 2,046.7 2,103.8 2,149.3 2,171.6 881.6 883.0 869.4 812.8 867.7 849.3 847.6 824.2 633.6 625.1 635.4 627.2 203.7 204.2 205.2 197.0 429.9 420.9 430.2 430.2 234.1 224.2 212.1 196.9 13.9 33.7 21.9 -11.3 -74.2 -60.7 -78.8 -72.1 541.6 554.6 555.3 577.1 615.8 615.3 634.1 649.2 1,158.5 1,171.4 1,182.7 1,213.1 502.0 506.9 505.8 519.1 656.5 664.6 676.9 694.0 5,706.8 5,766.3 5,823.1 5,858.6 5,745.5 5,825.8 5,866.1 5,891.5 9.8 5.7 3.1 .2 10.1 4.2 4.0 2.5 1991:1 II Ill IV .... 5,886.3 5,962.0 6,015.9 6,080.7 3,904.6 3,958.6 3,998.2 4,023.6 439.4 441.4 448.9 442.5 1,267.8 1,281.0 1,284.9 1,281.5 2,197.4 2,236.2 2,264.4 2,299.5 786.5 780.5 801.5 832.1 801.8 798.3 800.5 801.1 616.8 611.7 605.9 601.1 194.5 189.7 177.6 172.0 422.3 421.9 428.4 429.1 185.0 186.6 194.5 200.0 -15.3 -17.7 1.0 31.1 -33.4 -12.6 -22.3 -14.5 577.1 602.5 602.3 624.5 610.5 615.1 624.5 639.0 1,228.6 1,235.5 1,238.4 1,239.5 530.3 532.2 526.9 520.1 698.3 703.3 711.5 719.4 5,901.6 5,979.7 6,014.8 6,049.6 5,919.1 5,983.6 6,034.0 6,106.8 2.7 5.2 3.7 4.4 3.0 5.4 2.4 2.3 1992:1 II Ill IV .... 6,183.6 6,276.6 6,345.8 6,469.8 4,123.1 4,171.5 4,225.7 4,318.3 459.0 463.3 474.2 486.6 1,305.2 1,309.2 1,326.0 1,351.4 2,358.9 2,399.1 2,425.4 2,480.3 810.9 867.2 878.7 909.8 811.8 845.4 859.6 889.6 600.1 621.5 633.0 649.9 170.2 170.7 172.6 175.4 429.8 450.7 460.4 474.5 211.8 223.9 226.6 239.7 -1.0 21.8 19.1 20.2 -7.7 -27.1 -36.4 -40.1 629.5 633.4 637.2 647.0 637.3 660.5 673.6 687.1 1,257.3 1,265.1 1,277.8 1,281.8 527.1 530.5 540.6 539.9 730.2 734.5 737.2 741.9 6,184.5 6,254.8 6,326.7 6,449.6 6,208.6 6,301.1 6,367.3 6,492.4 6.9 6.2 4.5 8.0 9.2 4.6 4.7 8.0 1993:1 II Ill IV .... 6,521.6 6,596.7 6,655.5 6,795.5 4,350.6 4,421.3 4,488.2 4,558.7 487.6 507.5 520.8 537.9 1,355.7 1,370.4 1,379.6 1,395.0 2,507.3 2,543.4 2,587.8 2,625.8 938.0 943.6 943.0 995.8 901.9 919.3 936.1 978.8 659.3 675.2 683.2 711.4 176.7 177.5 179.2 184.2 482.6 497.7 503.9 527.3 242.7 244.1 252.9 267.3 36.1 24.3 7.0 17.0 -46.5 -67.3 -72.0 -66.2 646.4 660.6 646.4 678.8 692.9 717.9 718.3 744.9 1,279.5 1,289.1 1,296.2 1,307.1 528.9 525.3 526.9 528.0 750.5 763.9 769.3 779.1 6,485.5 6,572.4 6,648.5 6,778.5 6,552.0 6,620.6 6,685.1 6,809.1 3.2 4.7 3.6 8.7 2.2 5.5 4.7 8.1 1994: I II Ill IV .... 6,887.8 7,015.7 7,096.0 7,217.7 4,613.8 4,677.5 4,753.0 4,821.3 546.2 553.6 563.2 580.0 1,409.7 1,425.1 1,449.9 1,467.2 2,657.9 2,698.8 2,739.8 2,774.0 1,042.0 1,106:4 1,094.0 1,146.1 998.1 1,026.6 1,042.0 1,071.6 721.7 738.2 752.7 781.8 178.0 188.2 189.9 193.9 543.7 550.0 562.8 587.9 276.4 288.4 289.3 289.8 43.8 79.8 52.0 74.6 -71.3 -64.2 -99.1 -93.8 683.8 714.5 736.1 765.8 755.1 798.7 835.2 859.6 1,303.3 1,316.1 1,348.1 1,344.0 515.8 515.9 532.5 520.0 787.5 800.2 815.6 824.0 6,844.0 6,936.0 7,044.0 7,143.1 6,908.5 7,032.4 7,111.1 7,232.6 5.5 7.6 4.7 7.0 3.9 5.5 6.4 5.8 1995:1 II Ill IV .... 7,297.5 7,342.6 7,432.8 7,529.3 4,868.6 4,943.7 5,005.2 5,058.4 578.2 584.4 596.2 600.0 1,475.8 1,492.2 1,502.6 1,518.5 2,814.7 2,867.1 2,906.3 2,939.9 1,162.8 1,133.1 1,123.5 1,155.6 1,100.1 1,097.2 1,110.1 1,135.4 812.5 820.3 825.2 842.3 200.5 204.8 206.2 207.0 612.0 615.5 619.0 635.3 287.6 276.9 284.9 293.1 62.7 35.8 13.4 20.2 -94.5 -109.0 -74.2 -59.3 787.7 802.5 834.1 850.0 882.2 911.5 908.3 909.3 1,360.6 1,374.9 1,378.3 1,374.5 523.4 525.5 525.0 512.3 837.1 849.4 853.3 862.2 7,234.8 7,306.8 7,419.4 7,509.1 7,318.9 7,367.9 7,444.1 7,552.7 4.5 2.5 5.0 5.3 5.2 4.0 6.3 4.9 1996: I II Ill IV .... 7,629.6 7,782.7 7,859.0 7,981.4 5,130.5 5,218.0 5,263.7 5,337.9 606.4 621.3 616.7 621.5 1,539.6 1,569.4 1,578.8 1,608.4 2,984.4 3,027.4 3,068.2 3,107.9 1,172.4 1,231.5 1,282.6 1,284.3 1,165.6 1,201.7 1,232.6 1,250.9 865.1 885.4 913.6 933.7 213.4 220.0 226.3 240.3 651.7 665.4 687.3 693.4 300.5 316.3 319.0 317.2 6.8 29.8 50.0 33.5 -75.8 -89.8 -110.6 -79.7 853.3 864.7 865.6 913.1 929.1 954.5 976.1 992.8 1,402.6 1,423.0 1,423.4 1,438.9 530.6 537.2 529.1 529.4 872.0 885.7 894.3 909.4 7,622.8 7,752.9 7,809.0 7,947.9 7,656.5 7,800.3 7,870.5 7,997.7 5.4 8.3 4.0 6.4 6.2 7.0 2.9 7.3 1997:1 II Ill IV .... 8,124.2 8,279.8 8,390.9 8,478.6 5,429.9 5,470.8 5,575.9 5,640.6 635.1 624.4 652.4 658.3 1,626.8 1,627.3 1,653.1 1,659.0 3,168.0 3,219.1 3,270.4 3,323.3 1,324.2 1,397.7 1,405.7 1,434.5 1,275.5 1,310.0 1,355.8 1,369.3 955.5 984.3 1,026.0 1,031.8 246.9 247.7 260.6 267.9 708.6 736.6 765.4 764.0 320.0 325.7 329.8 337.5 48.8 87.7 49.9 65.1 -89.2 -75.0 -88.6 -104.6 927.8 966.8 988.7 982.4 1,017.1 1,041.7 1,077.3 1,087.0 1,459.2 1,486.3 1,498.0 1,508.2 529.2 543.4 541.3 538.9 930.0 942.9 956.6 969.3 8,075.4 8,192.1 8,341.1 8,413.5 8,131.8 8,291.8 8,397.7 8,480.4 7.3 7.9 5.5 4.2 6.6 5.9 7.5 3.5 1998:1 II Ill IV .... 8,634.7 5,712.6 8,722.0 5,811.4 8,829.1 5,893.4 8,974.9 5,986.0 670.5 689.3 692.5 723.4 1,672.5 1,694.8 1,717.9 1,745.2 3,369.7 3,427.4 3,482.9 3,517.4 1,532.1 1,523.9 1,553.0 1,590.8 1,419.7 1,465.4 1,482.4 1,524.1 1,073.0 1,105.8 1,110.5 1,140.7 275.1 286.3 283.9 287.6 797.9 819.5 826.6 853.1 346.7 359.6 371.9 383.4 112.4 58.5 70.5 66.6 -117.5 -151.8 -167.6 -169.0 975.0 962.8 947.8 978.3 1,092.6 1,114.7 1,115.4 1,147.3 1,507.6 1,538.6 1,550.3 1,567.2 528.0 544.9 541.4 548.0 979.6 993.7 1,008.9 1,019.2 8,522.4 8,663.5 8,758.5 8,908.3 8,640.3 8,725.0 8,814.9 8,966.6 7.6 4.1 5.0 6.8 5.3 6.8 4.5 7.0 1999:1 II Ill IV .... 9,104.5 9,191.5 9,340.9 9,559.7 6,095.3 6,213.2 6,319.9 6,446.2 733.9 756.3 767.2 787.6 1,786.4 1,825.3 1,860.0 1,910.2 3,575.0 3,631.5 3,692.7 3,748.5 1,609.8 1,607.9 1,659.1 1,723.7 1,560.6 1,593.4 1,622.4 1,651.0 1,165.3 1,188.0 1,216.8 1,242.2 287.2 283.7 281.2 290.4 878.1 904.3 935.6 951.8 395.3 405.4 405.6 408.8 49.2 14.5 36.7 72.7 -196.1 -240.4 -280.5 -299.1 957.3 973.0 999.5 1,031.0 1,153.4 1,213.4 1,280.0 1,330.1 1,595.5 1,610.9 1,642.4 1,688.8 554.1 558.3 570.4 591.6 1,041.4 1,052.6 1,072.1 1,097.3 9,055.3 9,177.0 9,304.2 9,486.9 9,097.2 9,181.8 9,327.3 9,546.3 5.9 3.9 6.7 9.7 6.8 5.5 5.7 8.1 2000:1 9,752.7 6,621.7 826.3 1,963.9 3,831.6 1,755.7 1,725.8 1,308.5 308.9 999.6 417.3 29.9 -635.2 1,051.9 1,387.1 1,710.4 580.1 1,130.4 9,722.8 9,745.0 8.3 10.3 124 • August SURVEY OF CURRENT BUSINESS 2000 Table 2A.—Real Gross Domestic Product [Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates] Year and quarter GDP Personal consumption expenditures Gross private Exports and imports of goods and services QOIT1S5UC investment Exports Percent change from preceding period Government 1 o .. . Final sales nf rinmptfir U< UUnlcbllw product Imports Gross domestic purchases Final WIPQ to i l l lot ocllco IU domestic purchasers fiMP UlNr c GDP . , i rinai saies of domestic product orOSS domestic purchases Final QAIPC to riiidi odicb IU domestic purchasers GNP 1929 822.2 625.7 93.6 35.8 46.3 110.1 3.3 830.9 838.3 847.4 828.9 1930 1931 1932 1933 1934 751.5 703.6 611.8 603.3 668.3 592.3 574.3 523.0 511.0 546.9 62.5 39.2 11.8 17.5 31.6 29.6 24.6 19.3 19.4 21.5 40.3 35.1 29.2 30.4 31.0 121.3 126.6 122.4 118.0 133.0 -13.9 -26.0 -35.5 -32.2 -33.7 774.2 729.5 646.5 626.2 685.2 768.5 721.1 6284 620.3 685.2 792.0 747.9 664.3 644.0 702.7 757.9 708.8 616.1 606.8 671.4 -8.6 -6.4 -13.0 -1.4 10.8 -6.8 -5.8 -11.4 -3.1 9.4 -8.3 -6.2 -12.9 -1.3 10.5 1935 1936 1937 1938 1939 728.3 822.5 865.8 835.6 903.5 580.6 639.6 663.5 652.6 689.0 58.4 74.9 93.6 61.9 79.6 22.7 23.9 30.1 29.8 31.4 40.7 40.2 45.2 35.2 36.9 137.0 158.9 153.2 164.6 179.7 -29.7 -34.6 -29.4 -38.1 -39.3 728.4 823.8 859.3 846.7 909.7 752.7 848.0 888.6 849.6 918.8 753.0 849.5 882.2 861.1 925.2 731.9 825.5 869.9 840.0 908.0 9.0 6.3 9.8 7.1 9.0 12.9 13.1 12.7 12.8 12.8 5.3 4.3 4.8 3.8 5.4 -4.5 -1.5 -4.4 -2.4 -3.4 8.1 7.4 8.1 7.4 8.1 1940 1941 1942 1943 1944 980.7 1,148.8 1,360.0 1,583.7 1,714.1 724.9 776.7 758.3 779.1 801.7 110.9 135.4 71.6 42.3 52.2 35.7 36.7 24.1 20.1 21.6 37.8 46.5 42.2 53.2 55.7 182.4 303.0 711.1 1,059.9 1,195.6 -35.4 -56.5 -162.9 -264.5 -301.3 969.4 1,125.7 1,359.5 1,604.8 1,737.3 993.2 1,172.5 1,404.2 1,651.6 1,786.0 981.7 1,148.9 1,404.2 1,674.0 1,810.6 984.5 1,153.8 1,364.8 1,588.2 1,718.8 8.5 6.6 8.1 6.1 8.4 17.1 18.4 16.5 16.1 20.8 18.0 18.1 19.8 17.6 17.0 22.2 19.2 17.2 18.3 16.4 8.2 8.3 8.1 8.2 8.2 1945 1946 1947 1948 1949 1,693.3 1,505.5 1,495.1 1,560.0 1,550.9 851.8 956.9 976.4 998.1 1,025.3 69.0 175.0 168.6 215.3 164.3 30.5 66.5 75.9 59.8 59.2 59.2 49.1 46.6 54.4 52.5 1,041.0 359.7 307.1 328.9 367.3 -239.8 -3.5 13.7 12.3 -12.7 1,721.4 1,483.3 1,517.0 1,544.8 1,580.5 1,752.4 1,492.8 1,465.4 1,565.0 1,554.6 1,782.0 1,469.8 1,487.4 1,549.5 1,584.8 1,697.1 1,511.0 1,502.7 1,569.0 1,559.1 -1.2 -11.1 -.9 -13.8 -1.6 -17.5 -1.3 -11.0 -.7 4.3 -.6 2.3 1.8 2.3 -1.9 -14.8 -1.8 1.2 4.2 2.3 -.5 4.4 -.6 1950 1951 1952 1953 1954 1,686.6 1,815.1 1,887.3 1,973.9 1,960.5 1,090.9 1,107.1 1,142.4 1,197.2 1,221.9 232.5 233.2 211.1 221.0 210.8 51.8 63.5 60.6 56.5 59.3 62.0 64.5 70.1 76.7 72.9 367.4 500.0 605.1 647.5 602.9 6.0 -24.2 -61.8 -71.6 -61.5 1,672.4 1,789.2 1,887.0 1,979.7 1,984.3 1,713.7 1,830.5 1,915.0 2,016.5 1,994.8 1,699.4 1,804.2 1,914.9 2,022.7 2,019.3 1,695.6 1,826.3 1,899.2 1,985.1 1,972.5 8.7 7.6 4.0 4.6 -.7 5.8 7.0 5.5 4.9 .2 -1.1 7.2 6.2 6.1 5.6 -.2 8.8 7.7 4.0 4.5 -.6 1955 1956 1957 1958 1959 2,099.5 2,141.1 2,183.9 2,162.8 2,319.0 1,310.4 1,348.8 1,381.8 1,393.0 1,470.7 262.1 258.6 247.4 226.5 272.9 65.6 76.5 83.1 71.8 72.4 81.7 88.4 92.1 96.4 106.6 580.4 580.8 606.7 626.2 661.4 -37.3 -35.2 -43.0 -58.3 -51.8 2,093.9 2,141.9 2,196.5 2,179.3 2,317.4 2,137.3 2,171.7 2,210.1 2,208.5 2,377.2 2,131.8 2,172.7 2,223.2 2,225.7 2,376.0 2,113.0 2,156.0 2,199.6 2,176.3 2,332.8 7.1 2.0 2.0 7.1 1.6 1.8 -.1 7.6 5.6 1.9 2.3 .1 6.8 7.1 2.0 2.0 7.2 5.5 2.3 2.6 -.8 6.3 1960 1961 1962 1963 1964 2,376.7 2,432.0 2,578.9 2,690.4 2,846.5 1,510.8 1,541.2 1,617.3 1,684.0 1,784.8 272.8 271.0 305.3 325.7 352.6 87.5 88.9 93.7 100.7 114.2 108.0 107.3 119.5 122.7 129.2 661.3 693.2 735.0 752.4 767.1 -All -65.0 -52.9 -49.7 -43.0 2,378.5 2,435.5 2,569.5 2,683.6 2,844.1 2,417.5 2,471.5 2,626.9 2,734.7 2,883.0 2,419.7 2,475.2 2,617.6 2,728.1 2,880.8 2,391.9 2,448.8 2,598.0 2,710.8 2,868.5 2.5 2.3 6.0 4.3 5.8 2.6 2.4 5.5 4.4 6.0 1.7 2.2 6.3 4.1 5.4 1.8 2.3 5.8 4.2 5.6 2.5 2.4 6.1 4.3 5.8 1965 1966 1967 1968 1969 3,028.5 3,227.5 3,308.3 3,466.1 3,571.4 1,897.6 2,006.1 2,066.2 2,184.2 2,264.8 402.0 437.3 417.2 441.3 466.9 116.5 124.3 127.0 136.3 143.7 142.9 164.2 176.2 202.4 213.9 791.1 862.1 927.1 956.6 952.5 -35.8 -38.1 -53.0 •^9.9 ^2.6 3,008.5 3,191.1 3,288.2 3,450.0 3,555.9 3,079.1 3,292.3 3,382.6 3,555.9 3,664.5 3,059.0 3,255.6 3,362.5 3,540.2 3,649.3 3,051.7 3,248.9 3,330.4 3,489.8 3,594.1 6.4 6.6 2.5 4.8 3.0 5.8 6.1 3.0 4.9 3.1 6.8 6.9 2.7 5.1 3.1 6.2 6.4 3.3 5.3 3.1 6.4 6.5 2.5 4.8 3.0 1970 1971 1972 1973 1974 3,578.0 3,697.7 3,898.4 4,123.4 4,099.0 2,317.5 2,405.2 2,550.5 2,675.9 2,653.7 436.2 485.8 543.0 606.5 561.7 159.3 160.4 173.5 211.4 231.6 223.1 235.0 261.3 273.4 267.2 931.1 913.8 914.9 908.3 924.8 -43.0 -32.5 -22.2 -5.3 -5.6 3,588.6 3,688.1 3,887.7 4,094.3 4,080.7 3,659.6 3,791.1 4,003.8 4,196.6 4,136.5 3,671.1 3,782.0 3,993.5 4,167.4 4,118.2 3,600.6 3,722.9 3,925.7 4,161.0 4,142.3 .2 3.3 5.4 5.8 -.6 .9 2.8 5.4 5.3 -.3 -.1 3.6 5.6 4.8 .6 3.0 5.6 4.4 -1.4 -1.2 .2 3.4 5.4 6.0 -.4 1975 1976 1977 1978 1979 4,084.4 4,311.7 4,511.8 4,760.6 4,912.1 2,710.9 2,868.9 2,992.1 3,124.7 3,203.2 462.2 555.5 639.4 713.0 735.4 230.0 243.6 249.7 275.9 302.4 237.5 284.0 315.0 342.3 347.9 942.5 943.3 952.7 982.2 1,001.1 -23.7 -15.6 -7.1 4,118.5 4,288.8 4,478.8 4,722.9 4,894.4 4,085.2 4,354.2 4,586.4 4,834.8 4,956.3 4,119.6 4,331.1 4,553.3 4,797,0 4,938.4 4,117.7 4,351.4 4,556.6 4,805.3 4,973.9 -.4 5.6 4.6 5.5 3.2 .9 4.1 4.4 5.5 3.6 -1.2 6.6 5.3 5.4 2.5 0 5.1 5.1 5.4 2.9 -.6 5.7 4.7 5.5 3.5 1980 1981 1982 1983 1984 4,900.9 5,021.0 4,919.3 5,132.3 5,505.2 3,193.0 3,236.0 3,275.5 3,454.3 3,640.6 655.3 715.6 615.2 673.7 871.5 334.8 338.6 314.6 306.9 332.6 324.8 333.4 329.2 370.7 461.0 1,020.9 1,030.0 1,046.0 1,081.0 1,118.4 21.7 34.2 -2.8 -12.9 4,863.8 4,990.0 4,916.6 5,194.1 5,646.6 4,890.3 4,958.6 4,951.7 5,215.9 5,569.5 4,962.3 5,075.4 4,973.6 5,184.9 5,553.8 -.2 2.5 -1.0 2.6 4.3 7.3 .7 1.2 -.7 4.0 5.3 -1.9 -2.0 3.1 4,928.1 4,989.5 4,954.9 5,154.5 5,427.9 5.6 8.7 1.4 -.1 5.3 6.8 1985 1986 1987 1988 1989 5,717.1 5,912.4 6,113.3 6,368.4 6,591.8 3,820.9 3,981.2 4,113.4 4,279.5 4,393.7 863.4 857.7 879.3 902.8 936.5 341.6 366.8 408.0 473.5 529.4 490.7 531.9 564.2 585.6 608.8 1,190.5 1,255.2 1,292.5 1,307.5 1,343.5 -8.6 -16.6 -15.7 -9.3 -2.5 5,698.8 5,912.6 6,088.8 6,352.6 6,565.4 5,883.1 6,096.2 6,286.2 6,489.5 6,674.6 5,865.0 6,096.6 6,261.9 6,474.0 6,648.3 5,750.9 5,932.5 6,130.8 6,391.1 6,615.5 3.8 3.4 3.4 4.2 3.5 5.0 3.8 3.0 4.3 3.3 4.2 3.6 3.1 3.2 2.9 5.3 3.9 2.7 3.4 2.7 7.1 17.9 -1.0 -£.5 -5.6 -11.2 -4.0 9.1 6.8 -.7 10.2 6.8 4.6 5.3 -1.5 See footnotes and note at the end of the table. NOTE.—Chained (1996) dollars (and chain-type quantity indexes) provide the best available measures of how a particular series changes over time. However, users of this table are cautioned that comparisons across chained (1996) dollar components of GDP may be misleading, particularly for periods before 1987, when the residual is sometimes quite large. For example, during the years of World War II, the residual column in this table, which is the difference between GDP and the sum of the most detailed component series in this table, is very large. During these years, because of spending associated with World War II, the share of GDP accounted for by government consumption expenditures and gross investment doubled before returning to a more normal share; in addition, the prices paid for goods and services throughout the economy were tightly controlled and very different from postwar levels. The large residuals illustrate the problems with calculating contributions to GDP or other aggregates from the chained (1996) dollar values. Accurate estimates can be made of the contributions of components to the percent change in GDP; these estimates are provided in NIPA table 8.2. Contributions to percent change in major components of real GDP are shown in tables 8.3 through 8.6. Additional historical data may be found on BEA's Web site at <www.bea.doc.gov>. For a more detailed discussion of the use of chained dollars, including a method for closely approximating contributions to changes in real GDP for longer periods, see "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth" in the May 1997 SURVEY OF CURRENT BUSINESS. Addi- tional versions of NIPA table 1.2 that use alternative reference years are available on BEA's Web site. Tables 1.2A, 1.2B, 1.2C, and 1.2D will be based on chained 1937,1952,1972, and 1982 dollars, respectively. -8.6 -S.5 -13.1 -1.5 10.6 -1.1 7.2 -.2 2.3 -2.0 4.2 7.1 3.5 3.2 3.3 4.2 3.5 August 2000 • SURVEY OF CURRENT BUSINESS 125 Table 2A.—Real Gross Domestic Product—Continued [Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates] Year and quarter GDP Personal consumption expenditures Gross private domestic investment Exports and imports of goods and services Exports Percent change from preceding period Government1 Residual Imports Final sales of domestic product Gross domestic purchases Final sales to domestic purchasers GNP GDP Final sales of domestic product Gross domestic purchases Final sales to domestic purchasers GNP 1990 1991 1992 1993 1994 6,707.9 6,676.4 6,880.0 7,062.6 7,347.7 4,474.5 4,466.6 4,594.5 4,748.9 4,928.1 907.3 829.5 899.8 977.9 1,107.0 575.7 613.2 651.0 672.7 732.8 632.2 629.0 670.8 731.8 819.4 1,387.3 1,403.4 1,410.0 1,398.8 1,400.1 -4.7 -7.3 -4.5 -3.9 -.9 6,695.6 6,681.5 6,867.7 7,043.8 7,285.8 6,764.9 6,688.4 6,896.4 7,120.6 7,434.2 6,752.6 6,693.5 6,884.1 7,101.8 7,372.2 6,740.0 6,703.4 6,905.8 7,087.8 7,364.3 1.8 -.5 3.0 2.7 4.0 2.0 -.2 2.8 2.6 3.4 1.4 -1.1 3.1 3.3 4.4 1.6 -.9 2.8 3.2 3.8 1.9 -.5 3.0 2.6 3.9 1995 1996 1997 1998 1999 7,543.8 7,813.2 8,150.5 8,515.7 8,875.8 5,075.6 5,237.5 5,423.9 5,678.7 5,978.8 1,140.6 1,242.7 1,393.3 1,566.8 1,669.7 808.2 874.2 981.5 1,003.6 1,033.0 886.6 963.1 1,094.8 1,224.6 1,355.3 1,406.4 1,421.9 1,455.4 1,486.4 1,536.1 -.4 0 .2 4.8 13.5 7,512.2 7,783.2 8,095.2 8,435.2 8,826.9 7,621.8 7,902.1 8,271.7 8,727.9 9,179.1 7,590.3 7,872.1 8,207.3 8,647.2 9,130.3 7,564.0 7,831.2 8,168.1 8,515.1 8,868.3 2.7 3.6 4.4 4.4 4.2 3.1 3.6 4.0 4.2 4.6 2.5 3.7 4.7 5.5 5.2 3.0 3.7 4.3 5.4 5.6 2.7 3.5 4.3 4.2 4.1 1947:1 II Ill IV .... 1,481.7 1,489.4 1,493.1 1,516.4 963.4 978.7 981.7 981.8 165.0 159.4 158.6 191.5 80.7 79.8 75.9 67.3 48.1 49.0 43.5 45.8 306.0 307.7 309.7 305.1 14.7 12.8 10.7 16.5 1,504.4 1,513.4 1,525.0 1,525.2 1,445.9 1,456.0 1,459.8 1,499.7 1,468.6 1,480.0 1,492.2 1,508.5 1,488.9 1,496.9 1,500.5 1,524.3 2.1 1.0 6.4 2.4 3.1 0 2.8 1.0 11.4 3.1 3.3 4.5 2.2 1.0 6.5 1948:1 II Ill IV .... 1,537.9 1,562.0 1,568.4 1,571.4 986.7 997.8 999.7 1,008.0 209.8 220.4 221.1 210.1 64.2 58.1 59.5 57.4 51.7 53.7 56.5 55.6 311.2 325.9 332.0 346.5 17.7 13.5 12.6 5.0 1,531.9 1,542.5 1,545.4 1,559.5 1,532.9 1,569.1 1,576.6 1,581.6 1,526.5 1,549.1 1,552.9 1,569.5 1,546.6 1,571.1 1,577.6 1,580.5 5.8 6.4 1.7 .8 1.8 2.8 .7 3.7 9.1 9.8 1.9 1.3 4.8 6.1 1.0 4.3 6.0 6.5 1.7 .7 1949:1 II Ill IV .... 1,549.4 1,545.1 1,562.6 1,546.5 1,009.0 1,024.6 1,026.7 1,041.1 178.3 153.9 167.4 157.6 64.2 63.7 58.4 50.6 53.8 53.1 51.0 51.9 355.3 371.5 375.3 367.1 -3.6 -15.5 -14.2 -18.0 1,564.3 1,584.7 1,584.0 1,588.9 1,547.4 1,543.1 1,566.1 1,561.7 1,562.5 1,583.4 1,588.0 1,605.1 1,558.2 1,553.6 1,570.7 1,553.9 -5.5 -1.1 4.6 -1.0 1.2 5.3 -.2 1.2 -8.4 -1.1 6.1 -1.1 -1.8 5.4 1.2 4.4 -5.5 -1.2 4.5 -4.2 1950:1 II Ill IV .... 1,610.5 1,658.8 1,723.0 1,753.9 1,058.9 1,075.9 1,131.0 1,097.6 198.1 220.4 239.7 271.8 49.7 50.3 51.6 55.7 53.1 56.1 69.3 69.5 361.0 366.4 359.6 382.5 -4.1 1.9 10.4 15.8 1,615.2 1,657.6 1,717.3 1,699.3 1,629.4 1,681.1 1,759.0 1,785.0 1,634.4 1,680.0 1,753.5 1,729.7 1,618.4 1,667.2 1,733.1 1,763.9 17.6 12.5 16.4 7.4 6.8 10.9 15.2 -4A 18.5 13.3 19.9 6.0 7.5 11.6 18.7 -5.3 17.7 12.6 16.8 7.3 1951:1 II Ill IV .... 1,773.5 1,803.7 1,839.8 1,843.3 1,122.8 1,091.4 1,103.9 1,110.5 242.9 249.2 230.1 210.6 58.6 64.3 65.9 65.3 69.5 67.1 61.4 59.7 421.9 480.1 534.2 563.7 -3.2 -14.2 -32.9 -47.1 1,746.9 1,755.7 1,813.6 1,840.7 1,801.3 1,821.1 1,848.5 1,850.9 1,774.5 1,772.5 1,821.8 1,848.3 1,782.9 1,814.9 1,851.6 1,855.8 4.5 7.0 8.2 .8 11.7 2.0 13.8 6.1 3.7 4.5 6.1 .5 10.8 -.4 11.6 6.0 4.4 7.4 8.3 .9 1952:1 II Ill IV .... 1,864.7 1,866.2 1,878.0 1,940.2 1,113.6 1,135.1 1,140.4 1,180.5 215.6 197.7 207.8 223.3 68.5 61.0 56.2 56.6 66.8 66.5 70.5 76.7 584.8 604.4 610.5 620.8 -61.0 -65.5 -66.4 -64.3 1,858.7 1,888.4 1,869.6 1,931.2 1,876.6 1,888.7 1,912.4 1,982.3 1,870.5 1,911.4 1,904.1 1,973.5 1,876.7 1,878.2 1,889.9 1,951.9 4.7 .3 2.6 13.9 4.0 6.6 -3.9 13.9 5.7 2.6 5.1 15.4 4.9 9.0 -1.5 15.4 4.6 .3 2.5 13.8 1953:1 II Ill IV .... 1,976.0 1,992.2 1,979.5 1,947.8 1,194.9 1,202.5 1,199.8 1,191.8 227.5 228.5 222.8 205.0 55.6 56.0 58.3 56.3 75.0 78.8 78.5 74.6 641.2 655.9 647.6 645.4 -68.2 -71.9 -70.5 -76.1 1,972.8 1,989.1 1,984.1 1,972.8 2,018.2 2,038.2 2,021.7 1,987.9 2,015.1 2,035.4 2,026.7 2,013.6 1,987.4 2,004.3 1,990.2 1,958.6 7.6 3.3 -5.5 -6.3 8.9 3.3 -1.0 -2.3 7.5 4.0 ^3.2 -6.5 8.7 4.1 -1.7 -2.6 7.5 3.4 -2.8 -6.2 1954:1 II Ill IV .... 1,938.1 1,941.0 1,962.0 2,000.9 1,196.2 1,211.3 1,227.3 1,252.6 203.4 203.0 213.3 223.3 53.8 61.6 59.5 62.3 70.2 76.5 72.1 72.9 627.1 606.1 591.2 587.4 -72.2 -64.5 -57.2 -51.8 1,960.9 1,968.9 1,987.6 2,020.0 1,976.6 1,975.9 1,995.1 2,031.7 2,000.0 2,004.5 2,021.4 2,051.3 1,949.7 1,952.6 1,973.7 2,014.1 -2.0 .6 4.4 8.2 -2.4 1.6 3.8 6.7 -2.2 -.2 3.9 7.6 -2.7 .9 3.4 6.1 -1.8 .6 4.4 8.4 1955:1 II Ill IV .... 2,058.1 2,091.0 2,118.9 2,130.1 1,280.1 1,304.3 1,320.3 1,336.7 247.2 262.8 266.4 272.0 64.6 63.1 67.2 67.5 76.8 81.3 82.8 85.9 586.4 579.9 584.0 571.3 ^3.4 -37.8 -36.2 -31.5 2,058.1 2,084.0 2,114.6 2,118.8 2,091.1 2,131.6 2,156.0 2,170.3 2,091.4 2,124.8 2,151.9 2,159.1 2,071.6 2,104.3 2,132.4 2,143.9 11.9 6.5 5.5 2.1 7.8 5.1 6.0 .8 12.2 8.0 4.7 2.7 8.0 6.6 5.2 1.3 11.9 6.5 5.5 2.2 1956:1 II Ill IV .... 2,121.0 2,137.7 2,135.3 2,170.4 1,339.2 1,343.7 1,346.8 1,365.3 262.9 260.0 257.1 254.4 70.7 75.5 78.1 81.6 89.1 88.8 89.6 85.8 570.9 582.6 577.3 592.5 -33.6 -35.3 -34.4 -37.6 2,114.6 2,138.0 2,139.1 2,175.9 2,160.0 2,170.1 2,165.0 2,191.8 2,153.8 2,170.6 2,169.0 2,197.5 2,136.4 2,152.8 2,150.8 2,184.1 -1.7 3.2 -.5 6.8 -.8 4.5 .2 7.1 -1.9 1.9 -.9 5.0 -1.0 3.2 -.3 5.4 -1.4 3.1 -.4 6.3 1957:1 II Ill IV .... 2,182.7 2,177.7 2,198.9 2,176.0 1,374.2 1,376.5 1,387.7 1,388.8 250.0 249.9 255.6 234.1 86.9 84.3 81.9 79.3 92.4 93.2 91.3 91.5 604.0 600.6 605.5 616.6 -40.0 -40.4 -40.5 -61.3 2,194.1 2,186.1 2,203.0 2,202.7 2,203.9 2,203.3 2,226.3 2,206.6 2,215.8 2,212.1 2,230.7 2,234.1 2,198.8 2,195.0 2,215.5 2,189.2 2.3 -.9 4.0 -4.1 3.4 -1.4 3.1 -.1 2.2 -.1 4.3 -3.5 3.4 -.7 3.4 .6 2.7 -.7 3.8 -4.7 1958:1 II Ill IV .... 2,117.4 2,129.7 2,177.5 2,226.5 1,370.1 1,380.9 1,402.3 1,418.8 216.7 211.3 228.4 249.6 71.4 71.7 72.0 71.9 92.6 96.5 95.5 101.1 609.6 625.0 628.4 641.5 -57.8 -62.7 -58.1 -54.2 2,146.7 2,157.4 2,186.7 2,226.3 2,158.9 2,174.9 2,222.2 2,278.0 2,189.0 2,203.5 2,232.1 2,278.1 2,131.0 2,143.6 2,190.9 2,239.7 -10.3 2.4 9.3 9.3 -9.8 2.0 5.5 7.4 -8.4 3.0 9.0 10.4 -7.8 2.7 5.3 8.5 -10.2 2.4 9.1 9.2 1959:1 II Ill IV .... 2,273.0 2,332.4 2,331.4 2,339.1 1,445.2 1,468.2 1,483.8 1,485.6 263.0 286.2 266.6 275.6 69.1 70.6 76.4 73.5 102.3 108.0 109.4 106.7 651.5 663.9 668.1 662.2 -53.5 ^8.5 -54.1 -51.1 2,275.1 2,314.9 2,344.3 2,335.5 2,330.4 2,394.7 2,387.3 2,396.5 2,332.9 2,377.2 2,400.8 2,393.1 2,286.2 2,345.5 2,345.5 2,354.1 8.6 10.9 -.2 1.3 9.1 7.2 5.2 -1.5 9.5 11.5 -1.2 1.5 10.0 7.8 4.0 -1.3 8.6 10.8 0 1.5 1960:1 II Ill IV .... 2,391.0 2,379.2 2,383.6 2,352.9 1,499.2 1,518.1 1,512.1 1,513.5 305.3 274.0 272.4 239.5 83.8 87.3 89.3 89.3 110.5 111.1 107.8 102.7 648.8 657.4 665.9 673.1 -35.6 -46.5 -48.3 -59.8 2,360.4 2,382.7 2,380.0 2,391.1 2,439.4 2,423.3 2,421.8 2,385.6 2,408.5 2,427.2 2,418.4 2,424.8 2,405.4 2,393.9 2,398.9 2,369.3 9.2 -2.0 .7 -5.0 4.3 3.8 -.5 1.9 7.4 -2.6 -.3 -5.8 2.6 3.1 -1.4 1.1 9.0 -1.9 .8 -4.9 1961:1 II Ill IV .... 2,366.5 2,410.8 2,450.4 2,500.4 1,512.8 1,535.2 1,542.9 1,574.2 245.0 263.3 285.5 290.2 89.9 85.7 89.2 90.8 102.2 103.5 110.4 113.0 680.4 687.2 694.0 711.1 -59.4 -67.1 -60.8 -52.9 2,392.9 2,418.3 2,437.7 2,493.2 2,398.1 2,450.4 2,492.8 2,544.4 2,425.3 2,458.4 2,480.0 2,537.3 2,383.7 2,427.1 2,467.2 2,517.5 2.3 7.7 6.8 8.4 .3 4.3 3.2 9.4 2.1 9.0 7.1 8.5 .1 5.6 3.6 9.6 2.5 7.5 6.8 8.4 1962:1 II Ill IV .... 2,544.0 2,571.5 2,596.8 2,603.3 1,590.6 1,609.9 1,622.9 1,645.9 307.3 304.5 310.0 299.5 90.1 96.1 95.9 92.5 116.4 119.0 120.5 122.0 723.4 731.7 740.8 744.2 -51.0 -51.7 -52.3 -56.8 2,522.5 2,564.6 2,586.2 2,604.6 2,593.1 2,615.7 2,643.3 2,655.7 2,571.5 2,608.9 2,632.8 2,657.3 2,561.0 2,590.3 2,615.7 2,625.1 7.2 4.4 4.0 1.0 4.8 6.8 3.4 2.9 7.9 3.5 4.3 1.9 5.5 5.9 3.7 3.8 7.1 4.7 4.0 1.4 1963:1 II Ill IV .... 2,634.1 2,668.4 2,719.6 2,739.4 1,657.1 1,673.0 1,695.7 1,710.0 315.4 320.8 331.5 335.2 92.8 101.3 102.1 106.7 119.1 121.9 125.0 124.6 740.0 744.3 765.9 759.2 -62.1 -49.1 -50.6 ^7.1 2,619.3 2,663.9 2,712.0 2,739.6 2,684.2 2,710.7 2,765.0 2,778.9 2,669.4 2,706.4 2,757.5 2,779.3 2,654.8 2,688.2 2,739.8 2,760.3 4.8 5.3 7.9 2.9 2.3 7.0 7.4 4.1 4.4 4.0 8.3 2.0 1.8 5.7 7.8 3.2 4.6 5.1 7.9 3.0 1964:1 II Ill IV .... 2,800.5 2,833.8 2,872.0 2,879.5 1,743.8 1,775.0 1,807.8 1,812.8 348.9 347.5 355.7 358.3 112.6 111.7 115.0 117.4 124.5 127.3 130.7 134.3 763.1 772.9 766.4 766.1 ^3.4 -46.0 -42.2 ^0.8 2,799.3 2,833.5 2,868.3 2,875.5 2,833.6 2,871.4 2,909.5 2,917.4 2,832.6 2,871.4 2,905.9 2,913.5 2,823.2 2,855.7 2,894.7 2,900.5 9.2 4.8 5.5 1.0 9.0 5.0 5.0 1.0 8.1 5.4 5.4 1.1 7.9 5.6 4.9 1.0 9.4 4.7 5.6 .8 See footnotes and note at the end of the table. 126 • August 2000 SURVEY OF CURRENT BUSINESS Table 2A.—Real Gross Domestic Product—Continued [Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates] Year and quarter GDP Personal consumption expenditures Gross private domestic investment Exports and imports of goods and services Exports Percent change from preceding period Government1 Residual Imports Final sales of domestic product Gross domestic purchases Final sales to domestic purchasers GNP Final sales of domestic product GDP Gross domestic purchases Final sales to domestic purchasers GNP 1965:1 II Ill IV .... 2,950.1 2,989.9 3,050.7 3,123.6 1,852.5 1,873.2 1,905.3 1,959.3 394.9 394.6 408.4 410.1 103.2 119.6 117.5 125.6 129.4 144.7 145.3 152.4 765.5 781.3 800.3 817.2 -36.6 -34.1 -35.5 -36.2 2,920.2 2,973.2 3,029.4 3,111.4 3,003.4 3,036.9 3,102.6 3,173.3 2,973.3 3,020.2 3,081.2 3,161.1 2,974.0 3,014.6 3,073.6 3,144.5 10.2 5.5 8.4 9.9 6.4 7.4 7.8 11.3 12.3 4.5 8.9 9.4 8.5 6.5 8.3 10.8 10.5 5.6 8.1 9.5 1966:1 II Ill IV .... 3,201.1 3,213.2 3,233.6 3,261.8 1,988.6 1,994.0 2,016.6 2,025.1 444.1 436.5 432.7 435.8 124.0 123.1 123.9 126.1 156.3 160.2 169.2 171.1 832.5 857.8 870.1 888.0 -51.8 -38.0 -40.5 -42.1 3,165.1 3,180.0 3,205.0 3,214.5 3,258.3 3,275.5 3,303.8 3,331.6 3,221.9 3,241.9 3,274.9 3,283.6 3,222.6 3,234.8 3,254.7 3,283.7 10.3 1.5 2.6 3.5 7.1 1.9 3.2 1.2 11.2 2.1 3.5 3.4 7.9 2.5 4.1 1.1 10.3 1.5 2.5 3.6 1967:1 II Ill IV .... 3,291.8 3,289.7 3,313.5 3,338.3 2,037.3 2,064.6 2,075.2 2,087.9 424.9 405.0 415.2 423.6 127.9 126.6 125.3 128.3 173.5 172.4 174.7 184.0 925.6 921.3 926.8 934.8 -50.4 -55.4 -54.3 -52.3 3,246.9 3,281.5 3,297.4 3,326.9 3,362.1 3,360.7 3,388.8 3,418.9 3,316.6 3,352.7 3,373.0 3,407.7 3,313.4 3,310.7 3,336.6 3,360.8 3.7 -.3 2.9 3.0 4.1 4.3 2.0 3.6 3.7 -.2 3.4 3.6 4.1 4.4 2.4 4.2 3.7 -.3 3.2 2.9 1968:1 II Ill IV .... 3,406.2 3,464.8 3,489.2 3,504.1 2,136.2 2,169.6 2,210.7 2,220.4 433.8 451.8 437.3 442.2 131.3 133.5 141.8 138.7 194.7 197.7 209.5 207.7 951.4 956.0 958.3 960.5 -51.8 •^8.4 -49.4 -50.0 3,394.2 3,428.5 3,478.1 3,499.5 3,494.2 3,554.1 3,578.9 3,596.6 3,482.6 3,517.4 3,568.1 3,592.5 3,429.2 3,488.3 3,513.4 3,528.1 8.4 7.1 2.8 1.7 8.3 4.1 5.9 2.5 9.1 7.0 2.8 2.0 9.1 4.1 5.9 2.8 8.4 7.1 2.9 1.7 1969:1 II Ill IV .... 3,558.3 3,567.6 3,588.3 3,571.4 2,244.8 2,258.8 2,269.0 2,286.5 470.8 467.1 477.2 452.6 124.1 150.5 148.8 151.4 188.2 225.3 222.4 219.9 956.9 956.0 954.1 943.1 -50.1 -39.5 -38.4 -42.3 3,535.0 3,551.3 3,569.0 3,568.3 3,653.4 3,661.9 3,682.8 3,660.0 3,630.2 3,646.0 3,663.7 3,657.5 3,582.2 3,590.6 3,610.3 3,593.3 6.3 1.0 2.3 -1.9 4.1 1.9 2.0 -.1 6.5 .9 2.3 -2.5 4.3 1.8 2.0 -.7 6.3 .9 2.2 -1.9 1970:1 II Ill IV .... 3,566.5 3,573.9 3,605.2 3,566.5 2,300.8 2,312.0 2,332.2 2,324.9 438.0 439.4 446.5 421.0 155.0 160.1 159.9 162.1 219.2 223.5 223.0 226.5 936.2 927.3 930.9 929.9 ^4.3 -41.4 -41.3 -44.9 3,578.9 3,573.2 3,605.0 3,597.4 3,649.8 3,654.7 3,686.7 3,647.3 3,663.2 3,654.6 3,687.0 3,679.5 3,589.1 3,597.4 3,628.3 3,587.6 -.6 .8 3.6 -4.2 1.2 -.6 3.6 -.8 -1.1 .5 3.5 -4.2 .6 -.9 3.6 -.8 -.5 .9 3.5 -4.4 1971:1 II Ill IV .... 3,666.1 3,686.2 3,714.5 3,723.8 2,369.8 2,391.4 2,409.8 2,449.8 475.9 490.2 496.5 480.6 160.7 160.6 169.4 151.0 223.8 240.7 246.0 229.3 918.6 915.2 911.9 909.4 -35.1 -30.5 -27.1 -37.7 3,643.1 3,667.8 3,698.9 3,742.5 3,748.6 3,784.4 3,807.1 3,824.4 3,725.7 3,766.3 3,791.9 3,844.2 3,691.3 3,712.8 3,738.4 3,749.2 11.6 2.2 3.1 1.0 5.2 2.7 3.4 4.8 11.6 3.9 2.4 1.8 5.1 4.4 2.7 5.6 12.1 2.4 2.8 1.2 1972:1 II Ill IV .... 3,796.9 3,883.8 3,922.3 3,990.5 2,482.2 2,527.5 2,565.9 2,626.3 513.6 544.9 554.1 559.4 168.8 166.4 173.8 184.9 262.8 253.4 258.7 270.3 920.8 921.9 907.6 909.1 -25.7 -23.5 -20.4 -18.9 3,802.2 3,862.7 3,897.2 3,988.5 3,907.1 3,990.5 4,025.5 4,092.0 3,913.3 3,969.7 4,000.5 4,090.7 3,823.4 3,910.0 3,950.7 4,018.7 8.1 9.5 4.0 7.1 6.5 6.5 3.6 9.7 8.9 8.8 3.6 6.8 7.4 5.9 3.1 9.3 8.2 9.4 4.2 7.1 1973:1 II Ill IV .... 4,092.3 4,133.3 4,117.0 4,151.1 2,674.2 2,671.4 2,682.5 2,675.6 595.2 618.2 597.5 615.3 201.8, 210.5 212.4 221.1 282.8 274.7 267.1 269.1 914.5 911.5 898.5 908.4 -10.6 -3.6 -6.8 -.2 4,075.5 4,094.4 4,100.7 4,106.3 4,187.0 4,209.6 4,182.6 4,207.1 4,170.5 4,170.6 4,166.6 4,162.1 4,125.0 4,168.3 4,158.0 4,192.5 10.6 4.1 -1.6 3.4 9.0 1.9 .6 .5 9.6 2.2 -2.5 2.4 8.0 0 -.4 -.4 11.0 4.3 -1.0 3.4 1974:1 II Ill IV .... 4,119.3 4,130.4 4,084.5 4,062.0 2,652.4 2,662.0 2,672.2 2,628.4 579.2 577.3 543.4 547.0 228.6 238.4 226.7 232.6 260.0 273.8 269.0 266.3 920.0 927.8 924.2 927.4 -.9 -1.3 -13.0 -7.1 4,101.8 4,105.6 4,089.8 4,025.8 4,152.2 4,166.4 4,131.2 4,096.3 4,134.7 4,141.7 4,136.7 4,060.0 4,168.1 4,176.5 4,126.5 4,098.0 -3.0 1.1 -4.4 -2.2 -.4 .4 -1.5 -6.1 -5.1 1.4 -3.3 -3.3 -2.6 .7 -.5 -7.2 -2.3 .8 -4.7 -2.7 1975:1 II Ill IV .... 4,010.0 4,045.2 4,115.4 4,167.2 2,648.8 2,695.4 2,734.7 2,764.6 450.8 436.4 474.9 486.8 232.2 222.7 226.5 238.7 239.6 220.4 238.7 251.5 940.8 938.3 941.8 949.1 -23.0 -27.2 -23.8 -20.5 4,054.7 4,099.2 4,135.9 4,184.3 4,009.3 4,034.0 4,123.4 4,174.2 4,054.4 4,088.4 4,144.1 4,191.5 4,040.1 4,075.6 4,148.4 4,206.7 -5.0 3.6 7.1 5.1 2.9 4.5 3.6 4.8 -8.2 2.5 9.2 5.0 -.5 3.4 5.6 4.7 -5.5 3.6 7.3 5.7 1976:1 II Ill IV .... 4,266.1 4,301.5 4,321.9 4,357.4 2,824.7 2,850.9 2,880.3 2,919.6 535.1 559.8 561.1 565.9 237.9 240.1 246.8 249.7 267.2 278.8 290.2 299.8 952.5 943.3 938.9 938.6 -16.9 -13.8 -15.0 -16.6 4,248.8 4,264.1 4,289.7 4,352.4 4,295.0 4,342.3 4,367.7 4,411.4 4,277.7 4,304.7 4,335.3 4,406.6 4,304.2 4,341.2 4,362.0 4,398.4 9.8 3.4 1.9 3.3 6.3 1.4 2.4 6.0 12.1 4.5 2.4 4.1 8.5 2.5 2.9 6.7 9.6 3.5 1.9 3.4 1977:1 II Ill IV .... 4,410.5 4,489.8 4,570.6 4,576.1 2,954.7 2,970.5 2,999.1 3,044.0 595.5 635.0 670.7 656.4 245.9 252.5 254.5 246.0 313.9 316.8 312.4 316.8 945.3 955.1 956.0 954.5 -17.0 -6.5 2.7 -6.0 4,393.8 4,464.0 4,509.7 4,547.5 4,488.6 4,562.8 4,635.5 4,658.6 4,472.0 4,537.0 4,574.3 4,629.9 4,457.6 4,535.9 4,616.4 4,616.6 5.0 7.4 7.4 .5 3.9 6.5 4.2 3.4 7.2 6.8 6.5 2.0 6.1 5.9 3.3 4.9 5.5 7.2 7.3 0 1978:1 II Ill IV .... 4,588.9 4,765.7 4,811.7 4,876.0 3,060.8 3,127.0 3,143.1 3,167.8 667.2 709.7 728.8 746.3 251.8 278.2 281.1 292.3 338.0 339.1 343.6 348.3 956.7 982.1 990.3 999.6 -9.6 7.8 12.0 18.3 4,552.0 4,730.8 4,774.7 4,834.2 4,690.6 4,832.6 4,880.4 4,935.4 4,653.9 4,797.6 4,843.3 4,893.4 4,636.0 4,804.8 4,854.6 4,925.8 1.1 16.3 3.9 5.5 .4 16.7 3.8 5.1 2.8 12.7 4.0 4.6 2.1 12.9 3.9 4.2 1.7 15.4 4.2 6.0 1979:1 II Ill IV .... 4,888.3 4,891.4 4,926.2 4,942.6 3,188.6 3,184.3 3,213.9 3,225.7 746.0 745.7 732.1 717.8 292.3 292.9 303.1 321.2 347.3 349.2 343.9 351.3 990.6 1,000.5 1,002.4 1,010.8 18.1 17.2 18.6 18.4 4,855.1 4,852.9 4,921.9 4,947.7 4,945.9 4,950.9 4,963.6 4,964.8 4,912.7 4,912.3 4,959.2 4,969.6 4,939.6 4,949.3 4,995.6 5,011.4 1.0 .3 2.9 1.3 1.7 -.2 5.8 2.1 .9 .4 1.0 .1 1.6 0 3.9 .8 1.1 .8 3.8 1.3 1980:1 II Ill IV .... 4,958.9 4,857.8 4,850.3 4,936.6 3,222.4 3,149.2 3,181.2 3,219.4 711.7 647.4 599.8 662.2 331.3 337.5 336.2 334.3 351.7 326.1 302.6 318.9 1,025.6 1,028.7 1,015.4 1,013.9 19.6 21.1 20.3 25.7 4,961.4 4,861.6 4,923.9 4,965.2 4,967.8 4,819.4 4,777.2 4,890.9 4,970.0 4,822.9 4,849.4 4,918.8 5,028.8 4,922.5 4,911.3 4,986.3 1.3 -7.9 -.6 7.3 1.1 -7.8 5.2 3.4 .2 -11.4 -5.5 9.9 0 -11.3 2.2 5.8 1.4 -8.2 -.9 6.3 1981:I II Ill IV .... 5,032.5 4,997.3 5,056.8 4,997.1 3,233.1 3,235.5 3,250.5 3,225.0 726.3 693.4 733.9 708.8 340.2 342.0 334.8 337.5 332.5 333.0 329.3 338.7 1,027.5 1,030.1 1,027.8 1,034.8 37.9 29.3 39.1 29.7 4,985.6 4,995.9 5,003.5 4,972.9 4,998.0 4,961.5 5,024.9 4,975.9 4,951.3 4,959.8 4,971.7 4,951.7 5,086.4 5,048.1 5,110.5 5,056.8 8.0 -2.8 4.9 -4.6 1.7 .8 .6 -2.4 9.1 -5.9 5.2 -3.8 2.7 .7 1.0 -1.6 8.3 -3.0 5.0 -4.1 1982:1 II Ill IV .... 4,914.3 4,935.5 4,912.1 4,915.6 3,244.3 3,253.4 3,274.6 3,329.6 634.8 631.6 623.5 571.1 323.8 326.0 311.3 . 297.5 329.1 323.7 338.7 325.4 1,033.6 1,039.5 1,046.8 1,064.0 6.9 8.7 -5.4 -21.2 4,959.7 4,954.2 4,916.8 4,989.1 4,899.0 4,909.5 4,926.8 4,930.9 4,943.7 4,927.8 4,931.3 5,003.8 4,969.4 4,996.9 4,963.4 4,964.8 -6.5 1.7 -1.9 .3 -1.1 -.4 -3.0 6.0 -6.0 .9 1.4 .3 -.6 -1.3 .3 6.0 -6.7 2.2 -2.7 .1 1983:1 II Ill IV .... 4,972.4 5,089.8 5,180.4 5,286.8 3,360.1 3,430.1 3,484.7 3,542.2 590.7 650.7 691.4 762.2 302.4 303.4 307.9 314.1 332.8 358.4 386.3 405.3 1,069.8 1,078.2 1,097.0 1,078.8 -17.8 -14.2 -14.3 -5.2 5,036.1 5,113.1 5,200.3 5,268.5 4,991.4 5,140.6 5,261.1 5,383.3 5,054.6 5,163.6 5,280.6 5,364.9 5,021.5 5,142.2 5,233.9 5,342.0 4.7 9.8 7.3 8.5 3.8 6.3 7.0 5.4 5.0 12.5 9.7 9.6 4.1 8.9 9.4 6.5 4.6 10.0 7.3 8.5 1984:I II Ill IV .... 5,402.3 5,493.8 5,541.3 5,583.1 3,579.7 3,628.3 3,653.5 3,700.9 845.0 873.2 890.7 876.9 321.4 329.4 336.5 343.1 437.8 456.2 468.0 481.8 1,091.0 1,115.2 1,123.1 1,144.2 5,313.9 5,410.8 5,456.0 5,531.0 5,529.8 5,633.7 5,686.5 5,736.7 5,441.4 5,550.7 5,601.3 5,684.6 5,452.6 5,544.3 5,591.1 5,627.1 9.0 7.0 3.5 3.1 3.5 7.5 3.4 5.6 11.3 7.7 3.8 3.6 5.8 8.3 3.7 6.1 8.5 6.9 3.4 2.6 1985:1 II Ill IV .... 5,629.7 5,673.8 5,758.6 5,806.0 3,756.8 3,791.5 3,860.9 3,874.2 848.9 862.8 854.1 887.8 342.8 341.3 336.2 346.2 471.1 494.2 489.3 508.3 1,157.6 1,180.5 1,209.2 1,214.7 5,619.8 5,657.0 5,746.0 5,772.5 5,771.2 5,844.1 5,929.7 5,987.1 5,761.5 5,827.4 5,917.3 5,953.9 5,664.3 5,710.9 5,788.6 5,839.6 3.4 3.2 6.1 3.3 6.6 2.7 6.4 1.9 2.4 5.1 6.0 3.9 5.5 4.7 6.3 2.5 2.7 3.3 5.6 3.6 See footnotes and note at the end of the table. 3.0 3.9 5.5 -.2 -5.3 -8.1 -12.5 -8.6 August 2000 . SURVEY OF CURRENT BUSINESS 127 Table 2A.—Real Gross Domestic Product—Continued [Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates] Year and quarter GDP Personal consumption expenditures Gross private domestic investment Exports and imports of goods and services Exports Percent change from preceding period Government1 Residual Imports Final sales of domestic product Gross domestic purchases Final sales to domestic purchasers GNP Final sales of domestic product GDP Gross domestic purchases Final sales to domestic purchasers GNP 1986:1 II Ill IV .... 5,858.9 5,883.3 5,937.9 5,969.5 3,907.9 3,950.4 4,019.7 4,046.8 886.2 868.3 838.0 838.2 355.9 360.0 368.6 382.6 507.3 528.8 543.6 548.1 1,224.0 1,248.0 1,277.4 1,271.5 -7.8 -14.6 -22.2 -21.5 5,828.7 5,872.6 5,956.0 5,993.1 6,027.3 6,071.4 6,132.6 6,153.2 5,997.2 6,061.0 6,151.1 6,177.1 5,887.3 5,901.9 5,959.0 5,981.7 3.7 1.7 3.8 2.1 3.9 3.1 5.8 2.5 2.7 3.0 4.1 1.4 2.9 4.3 6.1 1.7 3.3 1.0 3.9 1.5 1987:1 II Ill IV .... 6,013.3 6,077.2 6,128.1 6,234.4 4,049.7 4,101.5 4,147.0 4,155.3 863.4 863.9 860.5 929.3 383.6 399.3 416.7 432.2 544.9 558.9 569.9 583.0 1,278.4 1,289.1 1,292.4 1,310.0 -16.9 -17.7 -18.6 -9.4 5,985.4 6,066.8 6,138.7 6,164.1 6,192.2 6,253.9 6,297.5 6,401.1 6,164.5 6,243.8 6,308.3 6,331.1 6,027.6 6,095.8 6,145.8 6,254.1 3.0 4.3 3.4 7.1 -.5 5.6 4.8 1.7 2.6 4.0 2.8 6.7 -.8 5.2 4.2 1.5 3.1 4.6 3.3 7.2 1988:1 Ill""". IV .... 6,275.9 6,349.8 6,382.3 6,465.2 4,228.0 4,256.8 4,291.6 4,341.4 884.6 902.5 907.5 916.7 456.1 468.8 477.3 491.8 580.3 573.2 586.1 603.0 1,300.1 1,302.4 1,300.3 1,327.2 -12.6 -7.5 ^8.3 -8.9 6,263.0 6,334.0 6,365.9 6,447.5 6,411.5 6,462.0 6,499.7 6,585.2 6,398.7 6,446.3 6,483.3 6,567.6 6,302.0 6,372.8 6,402.0 6,487.4 2.7 4.8 2.1 5.3 6.6 4.6 2.0 5.2 .6 3.2 2.4 5.4 4.3 3.0 2.3 5.3 3.1 4.6 1.9 5.4 1989:1 II III IV .... 6,543.8 6,579.4 6,610.6 6,633.5 4,357.1 4,374.8 4,413.4 4,429.4 952.7 941.1 929.3 922.9 510.5 530.8 530.8 545.5 595.7 606.9 612.3 620.2 1,319.3 1,340.6 1,353.5 1,360.4 -.1 -1.0 -4.1 -4.5 6,492.7 6,542.8 6,605.8 6,620.4 6,633.3 6,658.4 6,695.8 6,711.0 6,582.3 6,621.9 6,691.0 6,697.9 6,565.6 6,599.7 6,633.4 6,663.4 5.0 2.2 1.9 1.4 2.8 3.1 3.9 .9 3.0 1.5 2.3 .9 .9 2.4 4.2 .4 4.9 2.1 2.1 1.8 1990:1 II Ill IV .... 6,716.3 6,731.7 6,719.4 6,664.2 4,466.0 4,478.8 4,495.6 4,457.7 934.0 933.0 912.6 849.6 565.8 577.6 572.8 586.5 628.1 639.3 640.4 621.0 1,381.2 1,384.7 1,384.8 1,398.6 -2.6 -3.1 -6.0 -7.2 6,705.8 6,697.6 6,699.2 6,680.0 6,779.5 6,794.5 6,788.9 6,696.6 6,769.0 6,760.4 6,768.8 6,712.3 6,743.6 6,760.8 6,742.6 6,713.3 5.1 .9 -.7 -3.2 5.3 -.5 .1 -1.1 4.1 .9 -.3 -5.3 4.3 -.5 .5 -3.3 4.9 1.0 -1.1 -1.7 1991:1 II Ill IV .... 6,631.4 6,668.5 6,684.9 6,720.9 4,437.5 4,469.9 4,484.3 4,474.8 815.1 808.8 829.8 864.2 584.5 613.3 616.9 638.3 602.7 623.9 640.8 648.7 1,404.7 1,408.9 1,403.0 1,397.0 -7.7 -8.5 -8.3 -4.7 6,652.5 6,692.5 6,689.2 6,692.0 6,645.5 6,674.9 6,705.9 6,727.5 6,666.4 6,698.8 6,710.1 6,698.5 6,667.4 6,692.1 6,704.7 6,749.4 -2.0 2.3 1.0 2.2 -1.6 2.4 -.2 .2 ^3.0 1.8 1.9 1.3 -2.7 2.0 .7 -.7 -2.7 1.5 .8 2.7 1992:1 II Ill IV .... 6,783.3 6,846.8 6,899.7 6,990.6 4,544.8 4,566.7 4,600.5 4,665.9 843.8 901.8 912.1 941.6 643.9 647.1 650.8 662.2 650.6 670.1 672.9 689.5 1,407.6 1,405.7 1,413.1 1,413.7 -6.2 ^.4 -3.9 -3.3 6,788.9 6,827.1 6,882.7 6,972.4 6,785.7 6,866.6 6,918.4 7,015.0 6,791.3 6,847.0 6,901.4 6,996.8 6,811.1 6,873.8 6,923.3 7,015.1 3.8 3.8 3.1 5.4 5.9 2.3 3.3 5.3 3.5 4.9 3.0 5.7 5.7 3.3 3.2 5.6 3.7 3.7 2.9 5.4 1993:1 II Ill IV .... 6,988.7 7,031.2 7,062.0 7,168.7 4,674.9 4,721.5 4,776.9 4,822.3 964.8 967.0 964.1 1,015.6 661.4 674.4 660.8 694.3 705.8 726.1 733.1 762.2 1,396.4 1,398.0 1,398.4 1,402.2 -3.0 -3.6 -5.1 -3.5 6,953.6 7,008.8 7,057.9 7,154.8 7,031.3 7,081.5 7,133.8 7,235.9 6,996.2 7,059.1 7,129.6 7,222.0 7,020.9 7,056.0 7,092.4 7,182.1 -.1 2.5 1.8 6.2 -1.1 3.2 2.8 5.6 .9 2.9 3.0 5.8 0 3.6 4.1 5.3 .3 2.0 2.1 5.2 1994:1 II Ill IV .... 7,229.4 7,330.2 7,370.2 7,461.1 4,866.6 4,907.9 4,944.5 4,993.6 1,057.3 1,118.5 1,101.8 1,150.5 696.7 725.1 742.4 767.1 776.8 811.3 834.6 854.8 1,388.0 1,390.4 1,417.5 1,404.5 -2.4 -.4 -1.4 .2 7,187.1 7,250.2 7,318.5 7,387.2 7,309.2 7,416.2 7,462.4 7,548.8 7,266.9 7,336.2 7,410.8 7,474.8 7,249.8 7,346.3 7,385.1 7,476.0 3.4 5.7 2.2 5.0 1.8 3.6 3.8 3.8 4.1 6.0 2.5 4.7 2.5 3.9 4.1 3.5 3.8 5.4 2.1 5.0 1995:1 II Ill IV .... 7,488.7 7,503.3 7,561.4 7,621.9 5,011.6 5,059.6 5,099.2 5,132.1 1,162.4 1,128.5 1,119.1 1,152.4 780.6 788.9 821.9 841.4 873.1 886.4 889.1 897.8 1,407.3 1,414.0 1,410.8 1,393.5 -.1 -1.3 -.5 .3 7,427.3 7,469.6 7,549.7 7,602.5 7,581.3 7,601.1 7,627.9 7,677.2 7,520.0 7,567.4 7,616.2 7,657.8 7,510.2 7,528.6 7,572.3 7,645.2 1.5 .8 3.1 3.2 2.2 2.3 4.4 2.8 1.7 1.0 1.4 2.6 2.4 2.5 2.6 2.2 1.8 1.0 2.3 3.9 1996:1 Ill "Z IV .... 7,676.4 7,802.9 7,841.9 7,931.3 5,174.3 5,229.5 5,254.3 5,291.9 1,172.3 1,233.4 1,281.4 1,283.7 846.1 860.1 867.0 923.5 921.1 950.4 982.9 998.1 1,404.8 1,430.4 1,422.0 1,430.6 0 -.1 .1 -.3 7,669.6 7,773.4 7,792.1 7,897.6 7,751.0 7,893.1 7,957.9 8,006.5 7,744.1 7,863.6 7,908.0 7,972.7 7,703.1 7,820.4 7,853.5 7,947.9 2.9 6.8 2.0 4.6 3.6 5.5 1.0 5.5 3.9 7.5 3.3 2.5 4.6 6.3 2.3 3.3 3.1 6.2 1.7 4.9 1997:1 II Ill IV .... 8,016.4 8,131.9 8,216.6 8,272.9 5,350.7 5,375.7 5,462.1 5,507.1 1,325.4 1,400.6 1,408.6 1,438.5 940.3 979.2 1,004.2 1,002.1 1,034.3 1,079.8 1,123.8 1,141.2 1,434.6 1,457.0 1,464.8 1,465.3 -.3 -.8 .7 1.1 7,966.4 8,043.2 8,164.9 8,206.3 8,110.6 8,232.3 8,334.5 8,409.4 8,060.6 8,143.4 8,282.8 8,342.7 8,025.1 8,145.6 8,225.1 8,276.9 4.4 5.9 4.2 2.8 3.5 3.9 6.2 2.0 5.3 6.1 5.1 3.6 4.5 4.2 7.0 2.9 3.9 6.1 4.0 2.5 1998:1 II III IV .... 8,404.9 8,465.6 8,537.6 8,654.5 5,572.4 5,651.6 5,711.0 5,779.8 1,545.1 1,540.8 1,571.4 1,609.9 1,004.5 996.8 988.8 1,024.1 1,179.8 1,216.6 1,232.9 1,269.0 1,461.6 1,487.6 1,492.9 1,503.3 1.1 5.4 6.4 6.4 8,289.4 8,402.7 8,463.4 8,585.0 8,575.2 8,676.8 8,771.4 8,888.2 8,459.3 8,613.9 8,697.1 8,818.6 8,412.9 8,471.4 8,526.7 8,649.3 6.5 2.9 3.4 5.6 4.1 5.6 2.9 5.9 8.1 4.8 4.4 5.4 5.7 7.5 3.9 5.7 6.7 2.8 2.6 5.9 1999:1 II Ill IV .... 8,730.0 8,783.2 8,905.8 9,084.1 5,860.2 5,940.2 6,013.8 6,101.0 1,623.2 1,623.1 1,680.8 1,751.6 1,003.3 1,017.6 1,042.6 1,068.4 1,283.1 1,332.2 1,385.2 1,420.9 1,517.1 1,519.9 1,537.8 1,569.5 9.3 14.6 16.0 14.5 8,680.3 8,764.9 8,861.8 9,000.5 8,996.2 9,079.6 9,226.7 9,414.1 8,946.5 9,061.5 9,182.8 9,330.4 8,726.0 8,776.7 8,895.4 9,075.0 3.5 2.5 5.7 8.3 4.5 4.0 4.5 6.4 4.9 3.8 6.6 8.4 5.9 5.2 5.5 6.6 3.6 2.3 5.5 8.3 2000:1 9,191.8 6,213.5 1,773.6 1,084.8 1,461.7 1,565.1 16.5 9,148.0 9,543.6 9,499.9 9,187.7 4.8 6.7 5.6 7.5 5.1 1. Government consumption expenditures and gross investment. NOTE.—The residual is the difference between GDP and the sum of the detailed components shown in this table. GDP GNP Gross domestic product. Gross national product. 128 • August 2000 SURVEY OF CURRENT BUSINESS Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Personal consumption expenditures Gross private domestic investment Exports and imports of goods and services Government consumption expenditures and gross investment Pjyorl inwoctmanf VVI IIIWWUIIW Year and quarter Gross domestic product Total Durable goods Nondurable Nonresidentia Services Total goods Total Total Structures Equipment and software Residen- Exports Imports Total Federal State and local Final sales of domestic product national product tial 1929 10.52 11.95 6.36 17.27 10.04 7.54 10.16 8.65 32.96 4.28 16.34 4.10 4.81 7.75 3.55 13.18 10.68 10.59 1930 1931 1932 1933 1934 9.62 9.01 7.83 7.72 8.55 11.31 10.97 9.99 9.76 10.44 5.24 4.48 3.36 3.29 3.80 16.46 16.38 15.04 14.82 16.08 9.80 9.49 8.88 8.60 8.92 5.03 3.16 7.13 4.67 2.80 2.52 3.21 28.20 18.15 11.13 8.65 9.74 3.39 2.26 1.33 1.36 1.88 9.94 8.31 4.39 3.59 4.91 3.39 2.82 2.21 1.41 2.54 7.78 5.40 3.14 2.78 3.59 2.46 4.18 3.65 3.03 3.15 3.22 8.53 8.90 8.61 8.30 9.35 3.94 4.08 4.16 5.11 6.88 14.50 15.15 14.46 12.96 13.62 9.95 9.37 8.31 8.05 8.80 9.68 9.05 7.87 7.75 8.57 1935 1936 1937 1938 1939 9.32 10.53 11.08 10.70 11.56 11.09 12.21 12.67 12.46 13.16 4.64 5.70 6.00 4.90 5.83 17.05 19.05 19.73 20.01 21.04 9.20 9.67 10.00 9.89 10.20 4.70 6.03 7.53 4.98 6.40 4.65 6.19 7.27 5.76 6.91 4.07 5.51 6.60 4.84 5.40 10.79 14.15 17.95 14.36 15.15 2.56 3.51 4.09 2.85 3.29 6.87 8.69 9.45 9.51 13.47 2.60 2.73 3.44 3.41 3.60 4.22 4.17 4.70 3.65 3.83 9.63 11.18 10.77 11.58 12.64 7.03 10.72 9.74 10.74 11.57 14.08 14.02 14.07 14.87 16.37 9.36 10.59 11.04 10.88 11.69 9.35 10.54 11.11 10.73 11.60 1940 1941 1942 1943 1944 12.55 14.70 17.41 20.27 21.94 13.84 14.83 14.48 14.88 15.31 6.71 7.79 4.75 4.15 3.80 21.98 23.46 23.87 24.67 25.64 10.56 11.09 11.57 12.16 12.57 8.92 10.90 5.76 3.40 4.20 8.30 9.48 5.35 4.13 5.07 6.69 7.88 4.64 3.88 5.15 17.20 20.43 12.63 9.18 12.02 4.26 5.00 2.87 2.58 3.45 15.19 16.14 8.16 4.85 4.18 4.08 4.19 2.75 2.30 2.47 3.93 4.83 4.38 5.53 5.78 12.83 21.31 50.01 74.54 84.08 12.51 33.22 102.01 161.79 185.15 15.88 14.91 13.59 12.40 11.97 12.46 14.46 17.47 20.62 22.32 12.57 14.73 17.43 20.28 21.95 1945 1946 1947 1948 1949 21.67 19.27 19.14 19.97 19.85 16.26 18.27 18.64 19.06 19.58 4.28 8.14 9.69 10.32 11.17 27.49 29.00 28.21 28.30 28.74 13.00 14.23 14.94 15.52 15.91 5.55 14.08 13.57 17.33 13.22 6.95 12.66 15.24 16.78 15.33 7.24 10.47 12.20 12.83 11.65 16.20 32.01 29.12 30.64 29.62 4.94 5.95 8.11 8.53 7.47 4.91 20.68 26.65 31.89 29.48 3.49 7.61 8.69 6.84 6.78 6.15 5.10 4.84 5.65 5.45 73.21 25.29 21.60 23.13 25.83 158.67 42.88 31.88 34.30 37.49 12.29 13.52 15.41 16.39 18.88 22.12 19.06 19.49 19.85 20.31 21.67 19.29 19.19 20.04 19.91 1950 1951 1952 1953 1954 21.59 23.23 24.16 25.26 25.09 20.83 21.14 21.81 22.86 23.33 13.63 12.42 12.08 13.58 13.53 29.64 30.42 31.63 32.63 33.04 16.71 17.50 18.28 19.08 19.86 18.71 18.77 16.99 17.78 16.96 18.31 17.54 17.22 18.42 18.71 12.72 13.31 13.06 14.23 13.93 31.75 34.15 34.04 37.06 38.33 8.25 8.49 8.25 9.00 8.50 40.33 33.76 33.16 34.33 37.18 5.93 7.27 6.93 6.47 6.78 6.44 6.69 7.28 7.97 7.57 25.84 35.16 42.56 45.54 42.40 35.34 58.41 76.67 82.70 71.75 20.45 20.61 20.94 21.97 23.88 21.49 22.99 24.24 25.44 25.50 21.65 23.32 24.25 25.35 25.19 1955 1956 1957 1958 1959 26.87 27.40 27.95 27.68 29.68 25.02 25.75 26.38 26.60 28.08 16.53 15.86 16.00 14.71 16.49 34.64 35.82 36.48 36.83 38.35 20.88 21.95 22.79 23.66 24.90 21.09 20.81 19.91 18.23 21.96 21.15 21.24 21.01 19.47 22.20 15.48 16.37 16.62 14.76 15.94 41.09 45.39 45.37 42.64 43.65 9.67 9.93 10.19 8.71 9.74 43.20 39.69 37.26 37.65 47.26 7.50 8.75 9.51 8.21 8.28 8.49 9.17 9.56 10.01 11.07 40.82 40.85 42.67 44.04 46.52 65.10 63.99 66.27 66.23 70.91 25.63 26.43 27.98 30.34 31.42 26.90 27.52 28.22 28.00 29.78 26.98 27.53 28.09 27.79 29.79 1960 1961 1962 1963 1964 30.42 31.13 33.01 34.43 36.43 28.85 29.43 30.88 32.15 34.08 16.82 16.19 18.08 19.84 21.67 38.93 39.64 40.89 41.75 43.80 25.99 27.04 28.38 29.67 31.47 21.95 21.81 24.57 26.21 28.37 22.39 22.32 24.33 26.21 28.74 16.84 16.74 18.19 19.20 21.47 47.12 47.76 49.91 50.46 55.71 10.16 9.96 11.11 12.04 13.58 43.89 44.02 48.24 53.92 57.05 10.00 10.17 10.72 11.52 13.06 11.21 11.14 12.40 12.74 13.41 46.51 48.75 51.69 52.91 53.95 68.81 71.46 77.38 77.16 75.85 32.79 34.81 35.87 38.04 40.61 30.56 31.29 33.01 34.48 36.54 30.54 31.27 33.17 34.62 36.63 1965 1966 1967 1968 1969 38.76 41.31 42.34 44.36 45.71 36.23 38.30 39.45 41.70 43.24 24.42 26.48 26.90 29.85 30.92 46.12 48.65 49.42 51.67 53.05 33.15 34.83 36.54 38.42 40.24 32.35 35.19 33.57 35.51 37.58 31.66 33.47 32.84 35.12 37.30 25.20 28.35 27.95 29.19 31.39 64.59 69.02 67.26 68.21 71.89 16.06 18.61 18.48 19.62 21.34 55.39 50.43 48.84 55.50 57.14 13.33 14.22 14.53 15.59 16.44 14.84 17.05 18.29 21.02 22.21 55.64 60.63 65.20 67.27 66.99 76.00 84.59 92.84 93.69 90.57 43.34 46.08 48.37 51.22 52.71 38.65 41.00 42.25 44.33 45.69 38.97 41.49 42.53 44.56 45.90 1970 1971 1972 1973 1974 45.80 47.33 49.90 52.78 52.46 44.25 45.92 48.70 51.09 50.67 29.91 32.91 37.08 40.91 38.10 54.32 55.30 57.73 59.62 58.42 41.87 43.46 45.86 48.02 49.07 35.10 39.09 43.70 48.81 45.20 36.51 39.26 43.96 47.97 44.96 31.22 31.21 34.04 38.99 39.30 72.12 70.94 73.12 79.08 77.43 21.12 21.31 24.04 28.44 29.13 53.73 68.46 80.63 80.11 63.57 18.22 18.35 19.84 24.19 26.49 23.16 24.40 27.13 28.39 27.75 65.48 64.26 64.34 63.87 65.04 84.21 78.24 76.53 72.77 72.47 54.21 55.96 57.18 58.84 60.96 46.11 47.39 49.95 52.60 52.43 45.98 47.54 50.13 53.13 52.89 1975 1976 1977 1978 1979 52.28 55.19 57.75 60.93 62.87 51.76 54.78 57.13 59.66 61.16 38.09 42.95 46.95 49.43 49.26 59.28 62.17 63.67 66.05 67.81 50.73 53.13 55.48 58.12 59.99 37.20 44.70 51.45 57.38 59.18 40.13 44.08 50.41 56.22 59.37 35.41 37.14 41.32 47.15 51.88 69.32 71.02 73.97 82.66 93.08 26.35 27.98 32.18 37.09 40.33 55.32 68.34 83.02 88.26 85.03 26.32 27.87 28.57 31.56 34.59 24.66 29.49 32.70 35.54 36.13 66.28 66.34 67.00 69.07 70.40 72.47 71.63 72.89 74.82 76.63 62.99 63.62 63.90 66.08 67.12 52.92 55.10 57.54 60.68 62.88 52.58 55.57 58.19 61.36 63.51 1980 1981 1982 1983 1984 62.73 64.26 62.96 65.69 70.46 60.96 61.79 62.54 65.95 69.51 45.39 45.98 45.98 52.81 60.54 67.71 68.51 69.17 71.47 74.31 60.99 61.90 62.96 66.06 68.84 52.73 57.59 49.51 54.22 70.13 55.58 56.79 52.81 56.76 66.28 51.85 54.77 52.72 52.19 61.37 99.23 107.09 105.47 94.53 108.03 38.88 40.52 38.42 40.50 48.40 67.05 61.68 50.45 71.19 81.56 38.30 38.74 35.99 35.11 38.05 33.73 34.61 34.18 38.49 47.86 71.80 72.44 73.56 76.02 78.65 80.31 84.08 87.13 92.61 95.50 67.08 65.75 65.66 66.24 68.73 63.32 64.11 63.66 66.23 69.74 63.37 64.81 63.51 66.21 70.92 1985 1986 1987 1988 1989 73.17 75.67 78.24 81.51 84.37 72.95 76.01 78.54 81.71 83.89 66.52 72.58 73.84 78.11 79.75 76.33 79.07 80.97 83.55 85.83 72.44 74.86 78.09 81.30 83.56 69.48 69.02 70.76 72.65 75.36 69.77 70.60 70.58 73.15 75.14 65.49 63.73 63.65 67.11 70.83 115.92 103.43 99.69 100.95 103.42 51.48 52.51 53.37 57.37 61.39 82.67 92.58 92.79 92.32 88.53 39.08 41.96 46.67 54.17 60.56 50.95 55.23 58.58 60.81 63.21 83.72 88.28 90.89 91.95 94.48 102.79 108.45 112.45 110.41 111.88 72.44 76.34 78.13 81.02 84.18 73.22 75.97 78.23 81.62 84.35 73.44 75.75 78.29 81.61 84.48 1990 1991 1992 1993 1994 85.85 85.45 88.06 90.39 94.04 85.43 85.28 87.72 90.67 94.09 79.01 73.79 77.70 84.08 90.46 87.01 86.65 88.29 90.87 94.35 85.86 87.03 89.59 91.98 94.72 73.01 66.75 72.41 78.69 89.08 73.77 68.65 73.10 79.03 86.25 71.35 67.83 70.11 76.00 82.78 104.95 93.38 87.70 88.39 89.14 61.63 60.38 64.86 72.22 80.79 80.92 70.57 82.09 88.09 96.64 65.85 70.15 74.47 76.95 83.83 65.64 65.31 69.64 75.98 85.08 97.56 98.69 99.16 98.37 98.46 114.16 113.80 111.95 107.60 103.71 87.73 89.73 91.56 92.88 95.34 86.03 85.85 88.24 90.50 93.61 86.07 85.60 88.18 90.51 94.04 1995 1996 1997 1998 1999 96.55 100.00 104.43 108.99 113.60 96.91 100.00 103.56 108.42 114.15 94.66 100.00 106.63 117.97 132.65 97.14 100.00 102.91 107.04 113.05 97.26 100.00 103.28 107.30 111.29 91.79 100.00 112.12 126.08 134.36 91.46 100.00 109.56 122.48 133.70 90.89 100.00 112.22 126.78 139.56 93.39 100.00 109.07 116.88 115.22 90.08 100.00 113.30 130.33 148.74 93.13 100.00 102.04 110.47 117.56 92.45 100.00 112.27 114.80 118.17 92.05 100.00 113.67 127.15 140.72 98.91 100.00 102.35 104.53 108.03 100.92 100.00 99.62 99.12 101.61 97.71 100.00 103.98 107.74 111.82 96.52 100.00 104.01 108.38 113.41 96.59 100.00 104.30 108.73 113.24 1947:1 II Ill IV .... 18.96 19.06 19.11 19.41 18.39 18.69 18.74 18.75 9.32 9.50 9.63 10.30 27.91 28.38 28.47 28.09 14.82 15.01 14.99 14.94 13.28 12.82 12.76 15.41 14.97 14.56 15.05 16.37 12.38 12.17 11.93 12.31 29.32 29.09 29.25 28.81 8.26 8.08 7.82 8.27 24.51 23.27 26.82 32.00 9.23 9.13 8.68 7.70 5.00 5.09 4.51 4.76 21.52 21.64 21.78 21.46 32.23 32.22 32.09 30.97 15.00 15.23 15.59 15.84 19.33 19.44 19.59 19.60 19.01 19.11 19.16 19.46 1948:1 II Ill IV .... 19.68 19.99 20.07 20.11 18.84 19.05 19.09 19.25 10.21 10.29 10.48 10.31 28.10 28.39 28.16 28.56 15.22 15.44 15.64 15.76 16.88 17.74 17.79 16.90 16.92 16.91 16.73 16.54 13.08 12.62 12.66 12.98 29.43 30.27 31.19 31.67 8.96 8.37 8.-26 8.53 31.62 33.47 32.42 30.04 7.35 6.65 6.80 6.56 5.37 5.58 5.87 5.78 21.88 22.92 23.35 24.37 32.05 33.96 34.61 36.57 15.80 16.26 16.53 16.95 19.68 19.82 19.86 20.04 19.75 20.06 20.15 20.18 .95 222 August 2000 • SURVEY OF CURRENT BUSINESS 129 Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product-Continued [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Personal consumption expenditures Gross private domestic investment Exports and imports of goods and services Government consumption expenditures and gross investment Fixed investment Year and quarter Gross domestic product Total Durable goods Nondurable goods Itonresidentia I Services Total Total Total Structures Equipment and software Residential Exports Imports Total Federal State and local Final sales of domestic product Gross national product 1949:1 II Ill IV .... 19.83 19.78 20.00 19.79 19.26 19.56 19.60 19.88 10.07 11.01 11.57 12.01 28.70 28.76 28.54 28.94 15.84 15.94 15.90 15.95 14.35 12.38 13.47 12.68 15.59 15.09 15.05 15.59 12.36 11.87 11.28 11.09 31.02 30.31 28.97 28.16 7.99 7.59 7.19 7.12 27.76 27.29 29.62 33.24 7.35 7.29 6.68 5.78 5.59 5.52 5.30 5.39 24.99 26.12 26.40 25.81 37.13 38.52 38.11 36.18 17.64 18.66 19.43 19.79 20.10 20.36 20.35 20.42 19.90 19.84 20.06 19.84 1950:1 III'!!!!! IV .... 20.61 21.23 22.05 22.45 20.22 20.54 21.60 20.96 12.49 12.56 15.72 13.73 29.29 29.61 30.14 29.50 16.20 16.66 16.89 17.08 15.94 17.74 19.29 21.88 16.58 18.12 19.47 19.07 11.40 12.42 13.54 13.52 29.53 31.01 32.80 33.64 7.24 8.05 8.92 8.78 37.03 40.61 42.85 40.84 5.68 5.75 5.90 6.37 5.52 5.83 7.20 7.21 25.39 25.77 25.29 26.90 34.43 35.13 33.89 37.91 20.30 20.47 20.51 20.52 20.75 21.30 22.06 21.83 20.67 21.29 22.13 22.52 1951:1 II ill IV .... 22.70 23.09 23.55 23.59 21.44 20.84 21.08 21.20 14.15 12.04 11.78 11.69 30.25 29.91 30.58 30.92 17.34 17.44 17.59 17.65 19.55 20.05 18.52 16.95 18.36 17.51 17.23 17.06 13.17 13.35 13.50 13.23 33.73 34.87 34.66 33.34 8.41 8.42 8.61 8.53 38.66 33.46 31.33 31.61 6.70 7.36 7.54 7.47 7.22 6.97 6.37 6.20 29.67 33.77 37.57 39.64 45.13 54.83 64.22 69.44 20.30 20.65 20.75 20.72 22.45 22.56 23.30 23.65 22.77 23.18 23.64 23.70 1952:1 II Ill IV .... 23.87 23.89 24.04 24.83 21.26 21.67 21.77 22.54 11.81 12.01 11.23 13.28 30.72 31.45 31.96 32.38 17.90 18.14 18.39 18.69 17.35 15.91 16.72 17.97 17.26 17.51 16.42 17.68 13.27 13.44 12.21 13.32 33.39 33.64 33.92 35.21 8.57 8.70 7.40 8.34 32.45 33.04 32.70 34.46 7.84 6.97 6.43 6.48 6.94 6.90 7.32 7.97 41.13 42.50 42.93 43.66 73.22 76.08 78.11 79.25 20.77 21.22 20.64 21.12 23.88 24.26 24.02 24.81 23.96 23.98 24.13 24.92 1953:1 II Ill IV .... 25.29 25.50 25.34 24.93 22.82 22.96 22.91 22.76 13.78 13.70 13.62 13.21 32.63 32.78 32.55 32.53 18.85 19.12 19.23 19.12 18.31 18.39 17.93 16.50 18.39 18.48 18.50 18.30 14.05 14.13 14.46 14.28 36.28 36.96 37.17 37.83 8.93 8.91 9.21 8.93 34.99 35.10 33.77 33.48 6.36 6.41 6.66 6.44 7.79 8.18 8.15 7.74 45.10 46.13 45.54 45.39 82.18 84.89 82.48 81.25 21.59 21.54 22.12 22.66 25.35 25.56 25.49 25.35 25.38 25.59 25.41 25.01 1954:1 II Ill IV .... 24.81 24.84 25.11 25.61 22.84 23.13 23.43 23.92 12.79 13.44 13.50 14.37 32.77 32.66 33.08 33.64 19.34 19.75 20.08 20.28 16.37 16.33 17.17 17.97 18.02 18.31 19.05 19.47 13.87 13.71 14.10 14.05 38.21 38.48 38.40 38.24 8.45 8.26 8.66 8.63 33.83 36.03 38.23 40.63 6.15 7.04 6.81 7.12 7.29 7.95 7.49 7.57 44.10 42.62 41.58 41.31 76.74 72.84 69.13 68.30 23.45 23.54 24.21 24.32 25.19 25.30 25.54 25.95 24.90 24.93 25.20 25.72 1955:1 II Ill IV .... 26.34 26.76 27.12 27.26 24.44 24.90 25.21 25.52 15.71 16.59 17.15 16.65 33.89 34.48 34.74 35.46 20.59 20.71 20.91 21.31 19.89 21.15 21.44 21.89 20.26 21.13 21.60 21.62 14.30 15.20 15.99 16.43 39.44 40.41 41.74 42.76 8.71 9.49 10.08 10.38 43.65 44.30 43.35 41.51 7.39 7.21 7.69 7.72 7.98 8.44 8.60 8.92 41.24 40.78 41.07 40.18 66.56 64.90 65.69 63.24 25.36 25.70 25.66 25.80 26.44 26.78 27.17 27.22 26.45 26.87 27.23 27.38 1956:1 Ill IV .... 27.15 27.36 27.33 27.78 25.57 25.66 25.72 26.07 15.87 15.89 15.58 16.10 35.81 35.72 35.75 36.01 21.54 21.80 22.07 22.39 21.15 20.93 20.69 20.47 21.15 21.33 21.30 21.16 16.11 16.38 16.51 16.48 44.08 45.66 45.96 45.87 9.86 9.90 9.99 9.97 40.42 40.17 39.39 38.77 8.09 8.64 8.93 9.33 9.26 9.22 9.31 8.91 40.15 40.97 40.60 41.67 62.77 64.38 63.24 65.55 26.06 26.37 26.50 26.77 27.17 27.47 27.48 27.96 27.28 27.49 27.46 27.89 1957:1 II III IV .... 27.94 27.87 28.14 27.85 26.24 26.28 26.50 26.52 16.43 16.01 15.88 15.69 36.13 36.30 36.84 36.66 22.52 22.69 22.83 23.11 20.12 20.11 20.57 18.84 21.16 20.96 21.16 20.76 16.59 16.56 16.89 16.44 45.52 45.47 45.42 45.08 10.14 10.11 10.46 10.05 38.21 37.29 36.79 36.74 9.94 9.65 9.37 9.07 9.59 9.67 9.48 9.50 42.48 42.24 42.59 43.36 66.61 65.65 65.95 66.87 27.43 27.67 28.06 28.75 28.19 28.09 28.31 28.30 28.08 28.03 28.29 27.96 1958:1 II Ill IV .... 27.10 27.26 27.87 28.50 26.16 26.37 26.78 27.09 14.63 14.38 14.66 15.20 36.22 36.48 37.09 37.52 23.19 23.58 23.89 23.99 17.44 17.01 18.38 20.09 19.47 18.90 19.16 20.35 15.25 14.57 14.34 14.88 44.06 42.59 41.62 42.28 8.99 8.52 8.43 8.88 35.28 35.37 37.95 42.00 8.16 8.20 8.24 8.23 9.62 10.02 9.92 10.50 42.87 43.96 44.20 45.12 64.45 66.56 66.21 67.70 29.56 29.98 30.63 31.20 27.58 27.72 28.10 28.60 27.21 27.37 27.98 28.60 1959:1 II Ill IV .... 29.09 29.85 29.84 29.94 27.59 28.03 28.33 28.37 16.08 16.69 17.02 16.16 37.95 38.26 38.46 38.72 24.33 24.76 25.10 25.42 21.17 23.03 21.45 22.18 21.62 22.31 22.59 22.28 15.36 15.82 16.33 16.26 42.12 43.42 44.70 44.37 9.38 9.66 9.98 9.96 46.82 48.48 47.56 46.17 7.91 8.07 8.74 8.40 10.63 11.21 11.36 11.07 45.82 46.69 46.99 46.57 69.20 71.27 71.99 71.19 31.37 31.47 31.50 31.34 29.23 29.74 30.12 30.01 29.19 29.95 29.95 30.06 1960:1 II Ill IV .... 30.60 30.45 30.51 30.12 28.63 28.99 28.87 28.90 16.71 17.10 16.97 16.51 38.71 39.17 38.90 38.93 25.73 25.99 26.00 26.26 24.57 22.05 21.92 19.27 23.05 22.59 21.99 21.93 16.87 17.13 16.72 16.66 46.22 46.76 46.86 48.65 10.31 10.50 10.07 9.76 47.50 43.59 42.27 42.21 9.59 9.99 10.22 10.22 11.47 11.54 11.19 10.66 45.63 46.23 46.83 47.34 67.97 68.32 69.11 69.83 31.87 32.65 33.13 33.51 30.33 30.61 30.58 30.72 30.72 30.57 30.63 30.25 1961:1 II Ill IV .... 30.29 30.86 31.36 32.00 28.88 29.31 29.46 30.06 15.54 15.87 16.26 17.07 39.18 39.59 39.62 40.18 26.51 26.98 27.09 27.59 19.72 21.19 22.97 23.35 21.63 21.94 22.48 23.22 16.28 16.60 16.76 17.31 48.42 47.61 47.62 47.37 9.41 9.85 10.00 10.59 42.38 42.53 44.83 46.33 10.29 9.80 10.21 10.38 10.61 10.75 11.46 11.73 47.85 48.33 48.81 50.01 69.50 71.06 71.83 73.46 34.59 34.37 34.66 35.61 30.74 31.07 31.32 32.03 30.44 30.99 31.50 32.15 1962:1 II Ill IV .... 32.56 32.91 33.24 33.32 30.37 30.74 30.99 31.43 17.45 17.91 18.06 18.90 40.53 40.72 41.03 41.28 27.84 28.27 28.52 28.88 24.73 24.51 24.95 24.10 23.71 24.43 24.64 24.53 17.70 18.23 18.47 18.36 48.24 50.00 51.34 50.07 10.86 11.13 11.19 11.26 47.17 48.64 48.60 48.54 10.31 11.00 10.97 10.59 12.09 12.35 12.51 12.66 50.87 51.46 52.10 52.34 76.07 77.19 78.13 78.13 35.35 35.60 36.06 36.45 32.41 32.95 33.23 33.47 32.70 33.08 33.40 33.52 1963:1 II Ill IV .... 33.71 34.15 34.81 35.06 31.64 31.94 32.38 32.65 19.31 19.75 19.98 20.31 41.45 41.62 41.96 41.98 29.03 29.35 29.94 3(5.35 25.38 25.81 26.68 26.97 24.80 25.94 26.62 27.46 18.31 18.89 19.47 20.10 48.32 50.60 50.95 51.97 11.46 11.72 12.25 12.74 50.29 53.91 54.91 56.58 10.62 11.59 11.68 12.21 12.37 12.66 12.98 12.94 52.04 52.34 53.86 53.40 76.30 76.55 78.91 76.87 37,15 37.49 38.49 39.03 33.65 34.23 34.84 35.20 33.90 34.33 34.99 35.25 1964:1 II Ill IV .... 35.84 36.27 36.76 36.85 33.29 33.89 34.52 34.61 21.08 21.64 22.36 21.61 42.78 43.56 44.35 44.50 30.80 31.26 31.70 32.14 28.08 27.96 28.63 28.83 28.52 28.44 28.89 29.08 20.61 21.14 21.85 22.28 53.32 55.15 56.97 57.41 13.06 13.32 13.77 14.15 60.04 57.02 56.09 55.07 12.88 12.77 13.16 13.43 12.93 13.22 13.57 13.94 53.67 54.35 53.90 53.87 76.69 77.05 75.20 74.48 39.60 40.51 40.95 41.39 35.97 36.41 36.85 36.95 36.05 36.47 36.96 37.04 1965:1 II Ill IV .... 37.76 38.27 39.05 39.98 35.37 35.77 36.38 37.41 23.69 23.75 24.59 25.64 45.01 45.51 46.18 47.78 32.44 32.90 33.35 33.92 31.78 31.75 32.86 33.00 30.42 31.27 32.12 32.85 23.79 24.69 25.62 26.72 60.35 64.56 65.23 68.24 15.25 15.54 16.38 17.05 55.26 55.69 55.91 54.70 11.81 13.69 13.44 14.37 13.44 15.02 15.09 15.82 53.84 54.95 56.28 57.47 73.79 75.01 76.57 78.64 41.78 42.84 44.04 44.69 37.52 38.20 38.92 39.98 37.98 38.49 39.25 40.15 1966:1 II Ill IV .... 40.97 41.13 41.39 41.75 37.97 38.07 38.50 38.67 26.88 25.76 26.64 26.65 48.22 48.64 48.97 48.78 34.25 34.66 34.96 35.44 35.74 35.13 34.82 35.07 34.09 33.62 33.60 32.57 27.90 28.30 28.64 28.55 69.88 68.51 70.03 67.65 18.01 18.64 18.76 19.03 55.94 51.45 49.78 44.56 14.18 14.09 14.18 14.42 16.23 16.63 17.57 17.76 58.54 60.33 61.19 62.45 80.50 84.55 85.95 87.38 45.26 45.61 46.13 47.31 40.67 40.86 41.18 41.30 41.15 41.31 41.56 41.93 1967:1 II Ill IV .... 42.13 42.10 42.41 42.73 38.90 39.42 39.62 39.86 26.14 27.30 27.05 27.09 49.15 49.39 49.43 49.70 35.88 36.32 36.83 37.13 34.19 32.59 33.41 34.08 31.80 32.64 32.95 33.97 27.94 27.86 27.72 28.28 68.34 66.40 67.09 67.20 18.29 18.52 18.26 18.83 43.22 48.13 50.54 53.49 14.63 14.48 14.34 14.68 18.02 17.90 18.14 19.10 65.09 64.79 65.18 65.74 93.35 92.15 92.86 92.98 47.87 48.13 48.32 49.16 41.72 42.16 42.37 42.75 42.31 42.28 42.61 42.92 1968:1 II Ill IV .... 43.60 44.35 44.66 44.85 40.79 41.43 42.21 42.39 28.82 29.38 30.71 30.50 50.79 51.44 52.23 52.23 37.55 38.21 38.72 39.21 34.91 36.36 35.19 35.59 34.79 34.60 35.11 35.99 29.16 28.65 29.03 29.90 68.54 67.94 67.49 68.88 19.54 19.09 19.57 20.26 53.81 55.17 56.16 56.86 15.02 15.27 16.22 15.86 20.22 20.52 21.76 21.57 66.91 67.24 67.39 67.55 94.58 93.92 93.25 93.03 50.06 51.02 51.71 52.09 43.61 44.05 44.69 44.96 43.79 44.54 44.86 45.05 130 • SURVEY OF CURRENT BUSINESS August 2000 Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product—Continued [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Gross private domestic investment Personal consumption expenditures Exports and imports of goods and services Government consumption expenditures and gross investment nt Year and quarter Gross domestic product Total Durable goods Nondurable goods Nonresidentia I Services Total Total Total Structures Equipment and software Residential Exports Imports Total Federal State and local Final sales of domestic product Gross national product 1969:1 II Ill IV .... 45.54 45.66 45.93 45.71 42.86 43.13 43.32 43.66 31.07 30.97 30.89 30.73 52.72 52.99 53.07 53.40 39.60 40.02 40.40 40.94 37.89 37.59 38.40 36.42 37.09 37.27 37.90 36.94 30.76 31.10 31.95 31.76 69.92 70.50 73.85 73.31 20.99 21.26 21.61 21.50 58.91 58.28 57.80 53.58 14.20 17.22 17.02 17.32 19.54 23.39 23.09 22.83 67.29 67.23 67.10 66.33 91.85 91.07 90.59 88.78 52.41 52.80 52.88 52.75 45.42 45.63 45.86 45.85 45.74 45.85 46.10 45.88 1970:1 II Ill IV .... 45.65 45.74 46.14 45.65 43.93 44.14 44.53 44.39 30.19 30.50 30.59 28.38 53.95 54.06 54.41 54.84 41.35 41.59 42.11 42.41 35.24 35.36 35.93 33.88 36.79 35.99 36.61 36.66 31.55 31.40 31.55 30.38 72.76 72.00 72.28 71.46 21.37 21.34 21.44 20.33 53.68 50.11 52.78 58.34 17.73 18.32 18.29 18.55 22.76 23.21 23.16 23.52 65.84 65.21 65.47 65.39 86.64 84.51 83.19 82.51 53.28 53.60 54.83 55.13 45.98 45.91 46.32 46.22 45.83 45.94 46.33 45.81 1971:1 II Ill IV .... 46.92 47.18 47.54 47.66 45.25 45.66 46.01 46.78 31.57 32.29 33.15 34.61 55.03 55.23 55.24 55.70 42.78 43.21 43.59 44.27 38.29 39.45 39.95 38.67 37.49 39.02 39.74 40.80 30.67 31.10 31.21 31.84 71.26 71.07 70.82 70.61 20.67 21.17 21.33 22.07 61.45 67.65 70.99 73.74 18.39 18.37 19.38 17.27 23.24 24.99 25.55 23.81 64.60 64.36 64.13 63.95 79.96 78.75 77.90 76.34 55.42 55.80 55.95 56.65 46.81 47.13 47.52 48.09 47.14 47.41 47.74 47.88 1972:1 48.60 49.71 50.20 51.07 47.39 48.26 48.99 50.15 35.45 36.32 37.27 39.29 56.04 57.42 58.23 59.24 44.97 45.47 46.04 46.95 41.33 43.85 44.59 45.02 42.64 43.39 43.88 45.93 32.92 33.47 34.00 35.79 72.47 72.87 72.99 74.13 22.91 23.44 24.01 25.79 78.66 80.20 80.39 83.26 19.31 19.03 19.88 21.16 27.29 26.31 26.86 28.07 64.76 64.84 63.83 63.94 78.06 78.57 75.23 74.27 56.88 56.68 57.17 57.97 48.85 49.63 50.07 51.25 48.82 49.93 50.45 51.32 52.38 52.90 52.69 53.13 51.06 51.01 51.22 51.09 41.84 41.16 40.84 39.81 59.89 59.37 59.72 59.50 47.41 47.93 48.24 48.51 47.89 49.75 48.08 49.51 47.88 48.27 48.12 47.62 37.47 38.97 39.61 39.90 76.57 78.96 80.76 80.02 27.21 28.43 28.80 29.29 86.05 81.68 78.22 74.48 23.08 24.08 24.29 25.29 29.37 28.52 27.73 27.94 64.32 64.11 63.19 63.89 74.79 74.08 70.77 71.45 58.26 58.38 59.00 59.71 52.36 52.61 52.69 52.76 52.67 53.23 53.10 53.54 IV .... 52.72 52.86 52.28 51.99 50.64 50.83 51.02 50.18 38.71 39.08 39.40 35.22 58.72 58.51 58.63 57.81 48.56 48.96 49.16 49.58 46.61 46.46 43.73 44.02 46.51 45.83 45.03 42.46 39.88 39.78 39.33 38.21 79.60 79.30 75.87 74.93 29.35 29.29 29.50 28.40 69.02 66.00 63.83 55.43 26.15 27.27 25.93 26.61 26.99 28.43 27.93 27.65 64.70 65.25 65.00 65.22 72.36 72.61 72.13 72.76 60.47 61.20 61.09 61.06 52.70 52.75 52.55 51.72 53.22 53.33 52.69 52.33 1975:1 II Ill IV .... 51.32 51.77 52.67 53.34 50.57 51.46 52.21 52.79 36.04 36.81 39.16 40.35 58.05 59.30 59.79 59.97 49.92 50.57 50.91 51.54 36.27 35.12 38.21 39.17 39.88 39.31 40.28 41.05 35.88 34.94 35.24 35.60 71.12 68.42 68.84 68.90 26.51 25.99 26.26 26.65 52.00 53.12 56.83 59.31 26.57 25.48 25.91 27.30 24.88 22.88 24.79 26.11 66.16 65.98 66.23 66.74 72.41 72.71 72.24 72.50 62.83 62.35 63.05 63.73 52.10 52.67 53.14 53.76 51.59 52.04 52.97 53.72 1976:1 54.60 55.05 55.32 55.77 53.93 54.43 54.99 55.74 42.48 42.58 42.98 43.77 61.16 61.98 62.51 63.05 52.28 52.69 53.33 54.21 43.06 45.05 45.15 45.54 42.74 43.47 43.92 46.18 36.23 36.66 37.46 38.20 70.78 70.55 71.28 71.48 26.98 27.52 28.29 29.10 65.38 67.26 66.16 74.59 27.21 27.47 28.23 28.57 27.75 28.95 30.13 31.13 66.99 66.34 66.03 66.01 71.72 71.66 71.45 71.67 64.62 63.60 63.22 63.05 54.59 54.79 55.12 55.92 54.96 55.43 55.70 56.17 IV .... 56.45 57.46 58.50 58.57 56.42 56.72 57.26 58.12 45.58 46.68 47.31 48.23 63.42 63.30 63.41 64.57 54.68 55.00 55.82 56.43 47.92 51.10 53.97 52.82 47.86 50.55 51.15 52.09 39.70 40.87 41.66 43.08 71.28 73.93 75.06 75.61 30.87 31.66 32.34 33.86 76.84 85.63 85.36 84.24 28.14 28.88 29.12 28.14 32.60 32.89 32.43 32.89 66.48 67.17 67.23 67.13 71.98 73.18 73.43 72.98 63.62 64.00 63.93 64.05 56.45 57.35 57.94 58.43 56.92 57.92 58.95 58.95 1978:1 II Ill IV .... 58.73 61.00 61.58 62.41 58.44 59.71 60.01 60.48 46.95 50.62 49.90 50.27 64.98 65.68 66.37 67.17 57.25 58.06 58.44 58.72 53.69 57.11 58.65 60.06 52.46 56.12 57.58 58.73 43.41 46.91 48.40 49.88 74.72 81.31 85.75 88.87 34.45 37.10 37.88 38.92 84.72 88.70 89.92 89.68 28.81 31.83 32.16 33.43 35.10 35.21 35.67 36.17 67.28 69.07 69.64 70.30 73.25 74.92 75.21 75.90 64.13 66.02 66.78 67.42 58.49 60.78 61.35 62.11 59.20 61.35 61.99 62.90 1979:1 II Ill IV .... 62.57 62.61 63.05 63.26 60.88 60.80 61.36 61.59 49.75 48.61 50.01 48.68 67.52 67.24 67.97 68.51 59.46 59.89 60.05 60.57 60.03 60.00 58.91 57.77 59.26 58.88 59.97 59.38 51.07 51.00 52.66 52.79 88.80 90.41 95.00 98.11 40.35 39.90 40.82 40.26 87.59 86.04 84.90 81.57 33.44 33.51 34.68 36.75 36.06 36.26 35.71 36.48 69.66 70.36 70.49 71.09 75.96 76.78 76.72 77.06 66.33 66.96 67.21 67.97 62.38 62.35 63.24 63.57 63.08 63.20 63.79 63.99 1980:1 II Ill IV .... 63.47 62.18 62.08 63.18 61.53 60.13 60.74 61.47 48.03 42.66 44.70 46.15 68.35 67.47 67.33 67.68 60.78 60.36 61.03 61.79 57.27 52.09 48.27 53.29 58.69 53.41 53.99 56.25 53.44 50.68 51.09 52.19 99.90 97.52 98.26 101.24 40.61 37.88 38.20 38.83 75.76 61.17 62.34 68.92 37.90 38.60 38.45 38.24 36.52 33.86 31.42 33.11 72.13 72.34 71.41 71.31 79.27 81.24 80.29 80.45 68.28 67.39 66.46 66.18 63.75 62.46 63.26 63.79 64.22 62.86 62.71 63.67 1981:1 II Ill IV .... 64.41 63.96 64.72 63.96 61.73 61.78 62.06 61.58 47.54 45.62 47.11 43.63 68.33 68.54 68.53 68.63 61.40 61.98 62.08 62.15 58.44 55.80 59.06 57.04 56.66 56.90 56.89 56.71 53.02 54.01 55.34 56.70 100.96 104.71 107.29 115.40 39.90 40.19 41.18 40.82 67.74 65.12 59.98 53.90 38.92 39.13 38.30 38.61 34.52 34.58 34.19 35.17 72.26 72.44 72.28 72.78 82.12 84.61 84.55 85.05 66.69 65.42 65.20 65.70 64.06 64.19 64.29 63.89 64.95 64.46 65.26 64.57 1982:1 III'!!!!! IV .... 62.90 63.17 62.87 62.91 61.94 62.12 62.52 63.57 45.14 45.28 45.65 47.83 68.73 68.83 69.22 69.88 62.33 62.56 62.99 63.95 51.08 50.82 50.17 45.96 55.06 53.05 51.47 51.66 55.43 53.36 51.55 50.55 111.73 107.96 102.10 100.08 40.18 38.57 37.82 37.10 50.82 49.17 48.55 53.27 37.04 37.29 35.61 34.03 34.17 33.60 35.16 33.78 72.69 73.11 73.62 74.82 85.19 86.02 87.42 89.91 65.47 65.62 65.57 65.98 63.72 63.65 63.17 64.10 63.46 63.81 63.38 63.40 1983:1 II III IV .... 63.64 65.14 66.30 67.67 64.16 65.49 66.53 67.63 48.36 52.01 54.06 56.81 70.23 70.93 71.99 72.71 64.69 65.74 66.47 67.32 47.54 52.36 55.64 61.33 52.69 54.94 58.08 61.33 49.67 50.37 52.60 56.12 96.06 91.58 93.79 96.71 37.03 38.99 41.19 44.78 61.52 69.49 75.84 77.91 34.59 34.70 35.22 35.94 34.56 37.21 40.11 42.08 75.24 75.83 77.15 75.87 90.76 92.59 95.21 91.89 66.12 65.93 66.46 66.44 64.71 65.69 66.81 67.69 64.12 65.66 66.83 68.21 1984:1 II Ill IV .... 69.14 70.32 70.92 71.46 68.35 69.28 69.76 70.66 59.03 60.40 60.39 62.35 73.10 74.41 74.65 75.07 67.81 68.36 69.14 70.05 68.00 70.27 71.68 70.56 63.31 66.02 67.32 68.49 57.85 60.72 62.66 64.26 102.20 107.32 110.66 111.94 45.53 47.78 49.32 50.97 80.69 82.69 81.64 81.23 36.77 37.68 38.50 39.24 45.46 47.37 48.59 50.02 76.73 78.43 78.98 80.47 92.70 95.73 95.41 98.17 67.35 68.21 69.34 70.02 68.27 69.52 70.10 71.06 69.63 70.80 71.40 71.86 1985:1 II Ill IV .... 72.05 72.62 73.70 74.31 71.73 72.39 73.72 73.97 64.56 65.25 69.45 66.81 75.49 76.10 76.57 77.17 71.19 71.88 72.93 73.77 68.31 69.43 68.73 71.44 69.16 69.83 69.39 70.70 64.97 65.94 64.94 66.10 116.74 116.82 114.30 115.82 50.63 51.81 51.21 52.27 81.76 81.32 82.93 84.69 39.21 39.04 38.46 39.60 48.91 51.31 50.81 52.78 81.41 83.02 85.04 85.43 99.49 101.65 105.02 105.02 70.73 72.01 73.20 73.83 72.21 72.68 73.83 74.17 72.33 72.93 73.92 74.57 1986:1 II Ill ..... IV .... 74.99 75.30 76.00 76.40 74.61 75.43 76.75 77.27 68.10 70.37 76.50 75.35 78.17 79.01 79.19 79.92 74.01 74.41 75.10 75.94 71.31 69.87 67.44 67.45 70.80 70.71 70.24 70.65 65.21 63.65 62.70 63.36 113.13 102.52 98.76 99.32 51.85 52.64 52.43 53.10 88.29 93.35 94.58 94.10 40.71 41.19 42.17 43.77 52.67 54.90 56.44 56.91 86.08 87.76 89.83 89.42 104.39 107.50 111.77 110.12 75.29 76.10 76.83 77.16 74.89 75.45 76.52 77.00 75.18 75.36 76.09 76.38 1987:1 II Ill IV .... 76.96 77.78 78.43 79.79 77.32 78.31 79.18 79.34 70.60 73.61 76.69 74.45 80.43 81.00 81.06 81.39 77.02 77.71 78.46 79.16 69.47 69.52 69.25 74.78 69.04 70.35 71.58 71.38 61.59 63.02 65.05 64.93 96.60 97.35 101.47 103.34 51.62 53.20 54.66 54.01 93.00 93.88 92.36 91.92 43.88 45.68 47.67 49.44 56.58 58.03 59.17 60.53 89.90 90.66 90.89 92.13 110.72 112.36 112.53 114.18 77.58 77.81 78.07 79.07 76.90 77.95 78.87 79.20 76.97 77.84 78.48 79.86 1988:1 II Ill IV .... 80.32 81.27 81.69 82.75 80.72 81.28 81.94 82.89 78.14 78.11 77.03 79.17 82.32 83.06 83.95 84.87 80.20 80.79 81.77 82.44 71.19 72.62 73.03 73.77 71.86 73.12 73.49 74.15 65.65 67.08 67.46 68.25 100.17 102.06 100.84 100.71 55.75 57.04 57.83 58.86 91.61 92.24 92.62 92.82 52.18 53.63 54.60 56.26 60.25 59.52 60.85 62.61 91.43 91.59 91.45 93.33 110.92 109.71 108.79 112.22 79.89 80.86 81.18 82.16 80.47 81.38 81.79 82.84 80.47 81.38 81.75 82.84 III!!!!! IV .... 1973:1 in!!!!! IV .... 1974:1 m'!!!!! m'!!!!! IV .... 1977:1 in".!!!! August 2000 • SURVEY OF CURRENT BUSINESS 131 Table 2B.—Chain-Type Quantity indexes for Gross Domestic Product—Continued [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Personal consumption expenditures Gross private domestic investment Exports and imports of goods and services Government consumption expenditures and gross investment Fixed investment Year and quarter Gross domestic product Total Durable goods Nondurable goods Presidential Services Total Total Total Structures Equipment and software Residential Exports Imports Total Federal State and local Final sales of domestic product Gross national product 1989:1 II Ill IV .... 83.75 84.21 84.61 84.90 83.19 83.53 84.27 84.57 78.77 79.88 81.54 78.83 85.20 85.25 86.06 86.81 82.90 83.20 83.67 84.47 76.66 75.73 74.78 74.26 74.67 74.77 76.14 74.98 69.28 70.29 72.39 71.34 102.58 101.35 105.20 104.55 59.66 61.27 62.89 61.73 91.62 88.71 87.62 86.16 58.40 60.72 60.72 62.40 61.85 63.02 63.57 64.39 92.78 94.28 95.19 95.67 109.67 112.13 113.19 112.54 82.79 83.71 84.54 85.68 83.42 84.06 84.87 85.06 83.84 84.27 84.70 85.09 1990:1 II Ill IV .... 85.96 86.16 86.00 85.30 85.27 85.51 85.84 85.11 82.20 79.36 78.42 76.05 87.05 87.20 87.41 86.39 84.77 85.82 86.51 86.35 75.16 75.08 73.44 68.37 76.09 74.24 73.61 71.14 72.27 71.09 71.75 70.28 106.69 106.19 105.87 101.03 62.32 60.96 61.89 61.36 87.84 83.79 78.91 73.15 64.73 66.07 65.53 67.09 65.22 66.38 66.49 64.48 97.14 97.38 97.39 98.36 114.34 114.50 113.45 114.34 86.95 87.24 87.85 88.87 86.16 86.05 86.07 85.83 86.11 86.33 86.10 85.72 1991:1 II Ill IV .... 84.87 85.35 85.56 86.02 84.73 85.35 85.62 85.44 73.42 73.65 74.66 73.45 86.33 86.95 87.00 86.33 86.30 87.01 87.24 87.57 65.59 65.08 66.77 69.55 68.70 68.40 68.62 68.89 68.51 68.04 67.56 67.22 98.83 96.29 90.17 88.22 59.72 59.82 60.92 61.04 68.53 68.83 71.32 73.60 66.87 70.15 70.57 73.01 62.58 64.78 66.53 67.35 98.79 99.08 98.66 98.24 115.24 115.39 113.39 111.17 89.02 89.40 89.92 90.56 85.47 85.99 85.94 85.98 85.14 85.45 85.62 86.19 1992:1 II Ill IV .... 86.82 87.63 88.31 89.47 86.77 87.19 87.84 89.09 76.03 76.46 78.21 80.11 87.75 87.61 88.19 89.60 88.58 89.30 89.73 90.75 67.90 72.57 73.40 75.77 69.88 72.68 73.75 76.09 67.11 69.62 70.89 72.83 87.35 87.21 87.76 88.48 61.13 64.36 65.84 68.11 78.20 81.92 82.32 85.94 73.66 74.02 74.45 75.75 67.55 69.58 69.86 71.58 98.99 98.86 99.38 99.42 111.32 111.20 112.55 112.70 91.66 91.52 91.55 91.53 87.23 87.72 88.43 89.58 86.97 87.77 88.41 89.58 1993:1 II Ill IV .... 89.45 89.99 90.39 91.75 89.26 90.15 91.21 92.07 80.36 83.26 85.11 87.58 89.59 90.57 91.37 91.95 91.00 91.40 92.42 93.09 77.64 77.82 77.58 81.73 76.68 77.86 79.06 82.51 73.57 75.22 76.07 79.14 88.26 87.83 87.93 89.54 69.13 71.38 72.43 75.94 86.03 85.73 88.01 92.61 75.66 77.15 75.59 79.42 73.28 75.39, 76.12 79.14 98.21 98.32 98.34 98.61 109.03 107.64 107.02 106.72 91.77 92.78 93.19 93.80 89.34 90.05 90.68 91.93 89.65 90.10 90.57 91.71 1994:1 II Ill IV .... 92.53 93.82 94.33 95.49 92.92 93.71 94.41 95.34 88.72 89.49 90.47 93.16 93.09 93.87 94.72 95.71 93.71 94.51 95.07 95.60 85.08 90.01 88.66 92.58 83.69 85.75 86.66 88.89 80.05 81.62 83.07 86.40 85.88 90.16 89.93 90.57 78.20 78.96 80.92 85.06 94.64 98.16 97.41 96.33 79.70 82.95 84.93 87.76 80.66 84.23 86.66 88.75 97.61 97.78 99.68 98.77 103.63 102.56 105.94 102.72 94.04 94.95 95.96 96.42 92.34 93.15 94.03 94.91 92.58 93.81 94.30 95.46 1995:1 II Ill IV .... 95.85 96.03 96.78 97.55 95.69 96.60 97.36 97.99 92.53 93.66 95.81 96.62 96.20 96.90 97.31 98.13 96.07 97.06 97.71 98.20 93.54 90.82 90.05 92.74 90.86 90.29 91.29 93.40 89.66 90.22 90.80 92.89 92.49 93.79 93.72 93.53 88.74 89.06 89.86 92.67 94.42 90.50 92.71 94.89 89.29 90.25 94.02 96.25 90.65 92.04 92.32 93.21 98.97 99.44 99.22 98.00 102.35 102.39 101.66 97.28 96.96 97.68 97.76 98.43 95.43 95.97 97.00 97.68 95.90 96.14 96.69 97.62 1996:1 II Ill IV .... 98.25 99.87 100.37 101.51 98.79 99.85 100.32 101.04 97.61 100.64 100.26 101.50 98.72 99.73 100.29 101.26 99.08 99.74 100.35 100.83 94.33 99.25 103.12 103.30 96.08 99.26 101.56 103.10 95.80 98.46 101.65 104.09 95.95 98.38 100.18 105.49 95.75 98.49 102.15 103.61 96.91 101.56 101.30 100.24 96.80 98.39 99.18 105.64 95.64 98.68 102.05 103.63 98.79 100.59 100.00 100.61 99.53 101.61 99.60 99.26 98.35 99.99 100.24 101.42 98.54 99.87 100.12 101.47 98.36 99.86 100.28 101.49 1997:I II Ill IV .... 102.60 104.08 105.16 105.88 102.16 102.64 104.29 105.15 104.06 103.25 108.77 110.45 102.00 102.17 103.67 103.81 101.86 102.75 103.73 104.79 106.66 112.71 113.35 115.76 105.17 108.11 111.88 113.08 106.82 110.37 115.29 116.41 107.15 106.35 110.45 112.32 106.69 111.75 116.97 117.79 100.47 101.73 102.26 103.71 107.57 112.02 114.87 114.63 107.39 112.11 116.68 118.49 100.89 102.47 103.02 103.05 98.15 100.60 100.34 99.39 102.52 103.57 104.61 105.22 102.35 103.34 104.90 105.44 102.48 104.01 105.03 105.69 1998:1 II Ill IV .... 107.57 108.35 109.27 110.77 106.39 107.91 109.04 110.35 112.96 116.69 117.88 124.36 105.00 106.50 107.63 109.02 105.83 106.93 108.05 108.40 124.34 123.99 126.45 129.55 117.70 121.84 123.39 126.97 121.85 126.35 127.45 131.45 114.47 118.30 116.89 117.85 124.46 129.19 131.25 136.41 106.12 109.30 112.02 114.45 114.91 114.03 113.11 117.15 122.50 126.32 128.01 131.76 102.79 104.62 104.99 105.72 97.04 100.04 99.24 100.15 106.20 107.34 108.39 109.02 106.50 107.96 108.74 110.30 107.43 108.17 108.88 110.45 1999:1 II Ill IV .... 111.73 112.42 113.98 116.27 111.89 113.42 114.82 116.49 126.96 131.47 134.01 138.17 111.08 112.13 113.47 115.50 109.48 110.71 111.95 113.00 130.62 130.61 135.25 140.95 129.80 132.53 135.05 137.43 134.47 137.59 141.47 144.73 116.85 115.01 113.18 115.83 140.98 146.05 152.21 155.70 116.73 118.41 117.48 117.63 114.77 116.41 119.27 122.22 133.22 138.32 143.82 147.53 106.69 106.89 108.14 110.38 99.60 100.09 101.77 104.98 110.88 110.91 111.91 . 113.57 111.53 112.61 113.86 115.64 111.43 112.07 113.59 115.88 2000:1 117.65 118.63 145.70 117.20 114.45 142.72 142.73 151.79 121.80 163.16 118.56 124.10 151.76 110.07 101.04 115.40 117.54 117.32 132 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Chain-type price indexes Implicit price defla l ' nrc Private fixed investment Personal consumption expenditures Year and quarter Total Tntfll lUldl Durable goods NonHnrahlo uurauic goods dclVICcS type price indexes Nonresidential GDP Total Structures Equipment and Percent change from nrpfpriinn neriod for chain* jJiUvvUiliy pOilUU Ivl vliCMil Residential Exports and imports of goods and services enft. sun* ware Exports Imports Government' Gross domestic purchases Tntal lulol Federal rcuerai GNP GDP GNP Gross domestic purchases GDP State anrl ana local GNP 1929 12.62 12.38 23.59 13.86 9.97 12.13 14.12 7.41 19.03 7.73 16.60 12.00 8.72 9.45 6.57 12.33 12.61 12.62 12.60 1930 1931 1932 1933 1934 12.13 10.91 9.67 9.42 9.89 11.85 10.57 9.32 8.99 9.41 22.19 19.86 17.60 17.07 18.00 13.13 11.23 9.60 9.54 10.54 9.71 9.08 8.26 7.72 7.56 11.64 10.76 9.51 9.34 9.81 13.46 12.53 11.34 11.13 11.53 7.01 6.41 5.56 5.61 5.63 18.27 17.32 16.34 15.69 16.57 7.56 6.85 5.58 5.50 6.11 15.02 11.82 10.25 10.26 11.89 10.23 8.27 6.63 6.35 7.21 8.45 8.01 7.30 7.54 8.10 9.02 8.95 8.57 8.74 9.31 6.39 6.00 5.40 5.59 6.04 11.82 10.65 9.41 9.15 9.60 12.12 10.90 9.66 9.42 9.89 12.15 10.88 9.61 9.36 9.88 12.14 10.87 9.60 9.35 9.87 -3.9 -10.0 -11.4 -2.6 -4.2 -9.9 -11.6 -2.7 -3.9 -10.0 -11.4 -2.6 4.9 4.9 5.0 1935 1936 1937 1938 1939 10.07 10.19 10.56 10.35 10.21 9.63 9.72 10.07 9.84 9.75 17.90 18.01 18.74 18.80 18.61 10.93 10.96 11.34 10.78 10.60 7.66 7.81 8.09 8.16 8.17 9.86 9.96 10.82 10.96 10.90 11.65 11.63 12.59 12.69 12.55 5.90 5.90 6.70 6.58 6.51 16.42 16.39 17.31 17.72 17.52 6.02 6.32 6.93 7.15 7.20 12.18 12.55 13.30 12.68 12.46 7.33 7.85 8.76 8.09 8.49 8.13 8.41 8.56 8.57 8.38 9.30 10.11 10.24 10.35 10.05 6.07 6.10 6.24 6.20 6.09 9.77 9.90 10.28 10.07 9.96 10.07 10.19 10.55 10.35 10.21 10.07 10.18 10.61 10.30 10.19 10.06 10.18 10.61 10.29 10.18 1.9 1.2 3.6 1.8 1.3 3.8 1.9 1.2 3.6 -1.9 -1.4 -2.0 -1.1 -1.9 -1.4 1940 1941 1942 1943 1944 10.29 10.96 11.86 12.52 12.81 9.83 10.43 11.72 12.80 13.53 18.78 20.13 23.47 25.54 28.61 10.70 11.60 13.51 15.09 15.94 8.22 8.43 8.87 9.32 9.77 11.17 11.99 13.15 13.72 14.18 12.83 13.67 15.11 15.59 15.90 6.61 7.07 7.89 8.57 8.76 17.98 19.11 21.01 21.12 21.51 7.41 8.10 8.70 9.41 10.33 13.49 14.75 17.86 19.56 22.02 9.06 9.57 10.96 11.80 12.39 8.26 8.77 8.82 8.95 8.82 9.61 10.13 9.96 10.04 9.84 6.13 6.53 7.19 7.69 7.98 10.02 10.66 11.51 12.15 12.41 10.29 10.96 11.86 12.51 12.80 10.33 11.03 11.89 12.53 12.81 10.33 11.02 11.89 12.52 12.81 .8 6.5 8.2 5.5 2.3 .6 6.4 8.0 5.5 2.2 .8 6.5 8.2 5.5 2.3 1945 1946 1947 1948 1949 13.15 14.71 16.32 17.26 17.27 14.07 15.07 16.62 17.57 17.44 30.15 31.40 34.23 35.96 36.40 16.62 18.13 20.46 21.68 20.97 10.09 10.55 11.20 11.83 12.15 14.62 16.38 19.22 20.86 21.28 16.30 18.40 21.38 23.22 23.78 9.15 10.25 12.42 13.82 13.77 21.87 24.77 28.00 30.03 31.22 11.03 12.06 14.44 15.65 15.86 21.88 21.17 24.61 25.91 24.34 12.74 14.21 17.02 18.50 17.63 8.95 11.06 11.86 12.35 12.73 9.97 12.69 13.30 13.23 13.84 8.24 9.01 10.10 11.30 11.40 12.76 14.36 15.92 16.86 16.89 13.15 14.70 16.32 17.26 17.26 13.17 14.77 16.35 17.28 17.26 13.16 14.76 16.34 17.28 17.25 1950 1951 1952 1953 1954 17.41 18.60 18.98 19.24 19.45 17.66 18.85 19.23 19.50 19.68 36.60 39.03 39.40 39.09 38.23 21.06 22.80 23.05 22.94 23.02 12.51 13.05 13.57 14.26 14.69 21.75 23.62 24.19 24.40 24.57 24.26 26.58 27.17 27.42 27.67 13.94 15.56 15.96 16.27 16.08 32.00 34.69 35.38 35.49 36.31 16.25 17.42 17.90 18.03 18.10 23.70 26.78 26.98 26.90 26.56 18.73 22.63 21.81 20.88 21.16 12.76 13.65 13.85 14.02 14.33 13.81 14.48 14.50 14.63 14.99 11.49 12.68 13.24 13.51 13.74 17.10 18.31 18.65 18.87 19.10 17.41 18.59 18.98 19.23 19.44 17.45 18.71 19.00 19.25 19.44 1955 1956 1957 1958 1959 19.74 20.41 21.13 21.64 21.88 19.76 20.16 20.77 21.29 21.63 38.08 39.01 40.51 41.28 41.97 22.87 23.19 23.87 24.45 24.60 15.00 15.39 15.83 16.28 16.74 24.97 26.43 27.35 27.46 27.72 28.04 30.24 31.78 32.02 32.44 16.40 17.80 18.56 18.38 18.48 36.64 39.33 41.56 42.37 43.15 18.47 18.95 18.99 18.95 18.99 26.81 27.71 28.76 28.50 28.53 21.05 21.42 21.66 20.76 20.95 14.95 15.79 16.49 16.99 16.99 15.84 16.65 17.38 18.12 17.85 14.00 14.91 15.56 15.76 16.11 19.37 20.02 20.70 21.18 21.41 19.73 20.41 21.12 21.63 21.87 1960 1961 1962 1963 1964 22.19 22.43 22.74 22.99 23.34 22.00 22.23 22.49 22.75 23.07 41.77 41.86 42.05 42.20 42.40 24.95 25.10 25.30 25.59 25.92 17.19 17.51 17.82 18.07 18.40 27.87 27.78 27.81 27.73 27.90 32.59 32.41 32.42 32.43 32.60 18.46 18.35 18.50 18.67 18.94 43.51 43.28 43.08 42.86 42.84 19.12 19.15 19.18 19.02 19.18 28.88 29.29 29.27 29.22 29.42 21.15 21.15 20.90 21.30 21.75 17.19 17.51 17.97 18.39 18.90 17.98 18.25 18.66 19.12 19.75 16.41 16.79 17.32 17.70 18.06 21.71 21.94 22.23 22.50 22.85 1965 1966 1967 1968 1969 23.77 24.45 25.21 26.29 27.59 23.41 24.02 24.62 25.58 26.74 42.03 41.83 42.48 43.89 45.10 26.39 27.26 27.91 28.98 30.32 18.76 19.29 19.86 20.69 21.73 28.39 28.99 29.81 31.02 32.56 32.99 33.49 34.36 35.58 37.07 19.49 20.19 20.82 21.87 23.31 42.91 43.05 44.03 45.24 46.52 19.72 20.44 21.15 22.27 23.81 30.38 31.32 32.56 33.23 34.29 22.06 22.57 22.66 23.00 23.60 19.41 20.20 21.05 22.23 23.56 20.28 20.96 21.60 22.85 24.08 18.56 19.48 20.56 21.66 23.11 1970 1971 1972 1973 1974 29.05 30.52 31.81 33.60 36.60 28.00 29.20 30.22 31.86 35.14 46.09 47.77 48.28 48.98 52.08 31.82 32.80 33.90 36.56 41.82 22.89 24.17 25.22 26.37 28.46 33.96 35.69 37.23 39.30 43.18 38.82 40.67 42.08 43.71 47.95 24.83 26.74 28.68 30.91 35.15 48.25 49.73 50.37 51.25 55.08 24.58 26.00 27.58 30.03 33.12 35.77 36.98 38.17 43.40 53.68 25.00 26.53 28.40 33.34 47.70 25.44 27.44 29.49 31.67 34.83 25.95 28.20 30.81 32.98 35.80 1975 1976 1977 1978 1979 40.03 42.29 45.02 48.22 52.24 38.01 40.08 42.73 45.78 49.83 56.84 59.99 62.61 66.20 70.60 45.09 46.83 49.61 52.93 58.50 30.80 32.90 35.49 38.31 41.43 48.59 51.42 55.46 60.17 65.65 54.55 57.59 61.54 65.69 71.07 39.34 41.25 44.81 49.15 54.87 63.24 67.02 71.02 74.84 79.67 36.20 38.53 42.41 47.61 52.95 59.24 61.11 63.58 67.48 75.63 51.67 53.22 57.92 62.01 72.62 38.28 40.72 43.55 46.37 50.28 1980 1981 1982 1983 1984 57.05 62.37 66.26 68.87 71.44 55.21 60.08 63.48 66.19 68.63 76.54 81.62 84.76 86.38 87.58 65.31 70.37 72.34 73.89 75.64 45.88 50.58 54.81 58.33 61.35 71.83 78.55 82.91 82.81 83.37 77.39 84.93 89.69 88.93 88.83 59.97 68.31 73.76 71.82 72.42 86.58 92.86 96.60 96.91 96.29 58.68 63.47 66.87 68.40 70.37 83.32 89.41 89.83 90.24 91.13 90.45 95.32 92.10 88.65 87.89 1985 1986 1987 1988 1989 73.69 75.32 77.58 80.22 83.27 70.99 72.72 75.49 78.44 81.86 88.59 89.69 92.21 93.49 95.14 77.30 77.01 79.66 82.34 86.26 64.36 67.31 70.20 73.61 77.12 84.45 86.51 88.12 90.48 92.76 89.57 91.17 92.01 94.17 96.29 74.11 75.54 76.72 79.98 83.10 96.28 97.92 98.53 99.95 101.45 72.18 75.21 78.29 80.99 83.59 88.70 87.33 89.62 94.39 96.15 1990 1991 1992 1993 1994 86.53 89.66 91.85 94.05 96.01 85.63 88.91 91.62 93.81 95.70 96.00 97.39 98.28 99.06 100.56 90.98 93.76 95.20 96.15 96.83 80.95 84.82 88.50 91.57 94.16 94.70 96.14 96.07 97.46 98.92 98.23 99.80 99.29 99.81 100.54 85.77 87.32 87.29 90.22 93.50 102.93 104.48 103.75 103.24 102.98 85.54 86.64 87.69 91.24 94.48 1995 1996 1997 1998 1999 98.10 100.00 101.95 103.23 104.77 97.90 100.00 101.94 103.03 104.85 101.06 100.00 97.75 95.42 93.09 97.93 100.00 101.34 101.35 103.71 97.25 100.00 103.12 105.50 107.99 100.14 100.00 99.93 99.17 99.10 100.93 100.00 99.02 97.13 95.84 97.39 100.00 104.23 107.71 110.19 102.12 100.00 97.32 93.78 91.46 I II Ill IV 1592 16.15 16.44 16.78 1625 16.40 16.71 17.13 3380 34.10 34.28 34.72 1997 20.17 20.54 21.17 1093 11.02 11.30 11.54 1832 19.05 19.54 19.95 2049 21.16 21.73 22.13 1195 12.14 12.58 13.01 1948:1 II Ill IV 16.97 17.16 17.47 17.45 17.32 17.51 17.77 17.70 34.95 35.43 36.71 36.77 21.49 21.70 21.89 21.63 11.60 11.74 11.93 12.04 20.15 20.60 21.23 21.47 22.25 22.89 23.71 24.05 13.35 13.71 14.05 14.17 1947" See footnotes at the end of the table. 2.7 2.8 2.7 11.8 11.0 12.5 10.9 11.8 11.0 5.8 0 5.9 .2 5.8 0 17.45 18.70 18.99 19.24 19.43 .8 6.8 2.1 1.3 1.1 1.2 7.1 1.9 1.2 1.2 .9 6.8 2.1 1.3 1.1 19.78 20.45 21.13 21.64 21.88 19.77 20.45 21.12 21.63 21.88 1.5 3.4 3.5 2.4 1.1 1.4 3.4 3.4 2.3 1.1 1.5 3.4 3.5 2.4 1.1 22.18 22.43 22.73 22.99 23.33 22.19 22.44 22.74 23.00 23.34 22.18 22.43 22.74 22.99 23.34 1.4 1.1 1.4 1.1 1.5 •1.4 1.1 1.3 1.2 1.6 1.4 1.1 1.4 1.1 1.5 23.26 23.91 24.61 25.66 26.92 23.77 24.45 25.20 26.29 27.58 23.78 24.46 25.21 26.30 27.59 23.77 24.45 25.21 26.29 27.59 1.9 2.8 3.1 4.3 4.9 1.8 2.8 2.9 4.3 4.9 1.9 2.9 3.1 4.3 4.9 25.01 26.79 28.38 30.56 33.94 28.37 29.84 31.17 32.99 36.35 29.05 30.52 31.81 33.60 36.60 29.06 30.52 31.82 33.60 36.62 29.05 30.52 31.82 33.60 36.62 5.3 5.0 4.2 5.6 9.0 5.4 5.2 4.5 5.8 10.2 5.3 5.1 4.3 5.6 8.9 39.41 42.07 45.33 48.20 51.93 37.26 39.53 42.05 44.83 48.84 39.69 41.93 44.80 48.02 52.26 40.03 42.30 45.03 48.24 52.25 40.03 42.30 45.02 48.23 52.25 40.03 42.31 45.03 48.24 52.26 9.4 5.7 6.4 7.1 8.3 9.2 5.7 6.8 7.2 8.8 9.4 5.7 6.4 7.1 8.3 55.80 61.30 65.43 68.08 71.61 57.45 63.06 67.53 69.95 74.14 54.32 59.71 63.57 66.39 69.36 57.79 63.05 66.71 69.05 71.46 57.06 62.38 66.27 68.89 71.45 57.04 62.37 66.25 68.88 71.44 57.05 62.38 66.26 68.89 71.45 9.2 9.3 6.2 3.9 3.7 10.6 9.1 5.8 3.5 3.5 9.2 9.3 6.2 4.0 3.7 85.02 85.01 90.02 94.46 96.87 73.78 75.08 77.21 79.30 81.89 75.67 76.10 77.03 78.82 81.12 72.07 74.10 77.26 79.60 82.41 73.56 75.22 77.70 80.36 83.45 73.70 75.33 77.58 80.22 83.28 73.69 75.31 77.58 80.21 83.27 73.70 75.32 77.58 80.22 83.28 3.2 2.2 3.0 3.4 3.8 2.9 2.3 3.3 3.4 3.8 3.2 2.2 3.0 3.4 3.8 96.79 98.10 97.82 97.82 98.94 99.43 98.93 99.09 98.18 99.12 85.16 88.04 90.11 92.44 94.84 83.78 87.18 89.83 92.18 94.51 86.16 88.64 90.28 92.59 95.04 86.85 89.81 92.03 94.14 96.06 86.54 89.67 91.84 94.06 96.02 86.51 89.66 91.84 94.05 96.01 86.53 89.67 91.84 94.06 96.02 3.9 3.6 2.4 2.4 2.1 4.1 3.4 2.5 22 2.0 3.9 3.6 2.4 2.4 2.1 97.91 100.00 102.68 105.59 109.64 101.29 100.00 98.47 96.26 95.86 101.83 100.00 96.44 91.26 91.80 97.56 100.00 102.23 103.67 106.41 97.21 100.00 101.63 102.60 105.27 97.77 100.00 102.58 104.28 107.06 98.20 100.00 101.64 102.45 104.08 98.11 100.00 101.93 103.19 104.74 98.10 100.00 101.95 103.22 104.77 98.11 100.00 101.93 103.19 104.73 2.2 1.9 1.9 1.3 1.5 2.2 1.8 1.6 .8 1.6 2.2 1.9 1.9 1.2 1.5 2678 27.91 28.53 28.80 13 62 14.38 14.70 15.07 2257 24.25 25.49 26.13 1558 16.69 17.60 18.21 11 90 11.89 11.76 11.87 1363 13.49 13.07 13.02 9.95 10.16 10.49 15 57 15.75 16.01 16.35 15 91 16.15 16.44 16.78 1603 16.16 16.40 16.80 16.02 16.16 16.40 16.79 6.0 7.3 8.7 4.9 6.7 8.8 6.1 7.3 8.7 28.65 29.50 30.72 31.27 15.34 15.50 15.85 15.93 26.27 26.14 25.83 25.41 18.62 18.68 18.49 18.19 12.10 12.21 12.51 12.58 13.11 13.14 13.34 13.34 10.88 11.11 11.52 11.69 16.56 16.76 17.07 17.06 16.97 17.16 17.46 17.45 16.95 17.14 17.49 17.54 16.95 17.14 17.48 17.53 4.6 4.6 7.2 -.4 5.1 5.0 7.6 4.6 4.6 7.2 -.4 980 133 August 2000 SURVEY OF CURRENT BUSINESS Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continued [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Chain-type price indexes Implicit price deflators Private fixed investment Year and quarter Personal consumption expenditures Nonresidential GDP Total Total Durable goods Nondurable goods Services Total Structures Equipment and software Residential Government • Exports and imports of poods and services Gross domestic purchases Total Exports Imports Percent change f rom preceding period for chaintype price index Federal GNP GDP GNP GDP State and local Gross domestic purchases GNP 1949:1 II Ill IV 17.42 17.31 17.16 17.17 17.57 17.46 17.37 17.36 36.75 36.55 36.12 36.18 21.32 21.05 20.82 20.69 12.06 12.10 12.17 12.28 21.44 21.41 21.17 21.09 23.89 23.85 23.75 23.61 13.95 13.75 13.68 13.71 31.22 31.40 31.29 30.95 16.07 16.04 15.67 15.67 24.98 24.50 24.09 23.80 17.83 17.62 17.52 17.55 12.85 12.75 12.59 12.72 13.92 13.90 13.62 13.93 11.57 11.37 11.35 11.29 17.03 16.93 16.80 16.82 17.41 17.30 17.16 17.17 17.45 17.25 17.15 17.17 17.44 17.25 17.15 17.17 -0.7 -2.6 -3.2 .2 -0.7 -2.3 -5.0 .5 -0.7 -2.5 -3.2 .2 1950:1 II Ill IV..... 17.11 17.19 17.53 17.82 17.34 17.43 17.79 18.09 36.00 36.35 36.78 37.28 20.56 20.67 21.27 21.72 12.37 12.40 12.56 12.71 21.08 21.43 22.04 22.44 23.62 23.86 24.37 25.18 13.67 13.63 13.93 14.53 31.03 31.57 32.25 33.14 15.65 16.06 16.67 16.64 23.44 23.49 23.71 24.16 17.95 18.30 18.88 19.77 12.64 12.60 12.80 12.98 13.89 13.73 13.79 13.83 11.18 11.26 11.59 11.93 16.78 16.87 17.22 17.52 17.10 17.18 17.53 17.81 17.12 17.19 17.56 17.89 17.12 17.18 17.55 17.89 -1.5 1.9 8.3 6.6 -9 2.2 8.7 7.1 -1.5 1.9 8.3 6.6 1951:1 II Ill IV 18.44 18.53 18.59 18.83 18.67 18.81 18.83 19.07 38.74 38.94 38.99 39.46 22.65 22.81 22.74 23.02 12.87 12.98 13.08 13.27 23.21 23.56 23.74 23.98 26.05 26.50 26.75 27.02 15.12 15.49 15.74 15.88 34.18 34.62 34.79 35.18 17.18 17.38 17.48 17.64 25.56 26.51 27.29 27.74 21.38 22.55 23.24 23.35 13.65 13.52 13.63 13.80 14.68 14.33 14.36 14.55 12.36 12.57 12.80 12.97 18.15 18.25 18.30 18.53 18.43 18.52 18.58 18.82 18.57 18.68 18.68 18.89 18.56 18.67 18.68 18.88 14.7 2.0 1.3 5.2 15.1 2.2 1.2 4.9 14.6 2.0 1.3 5.2 1952:1 II Ill IV 18.82 18.91 19.06 19.14 19.15 19.16 19.29 19,33 39.75 39.33 39.78 38.75 23.04 22.98 23.05 23.13 13.36 13.49 13.65 13.79 24.10 24.20 24.25 24.20 27.17 27.21 27.15 27.15 16.01 15.96 15.92 15.96 35.31 35.47 35.39 35.35 17.73 17.88 18.05 17.94 27.11 27.00 26.93 26.87 22.37 21.99 21.61 21.27 13.57 13.78 13.94 14.11 14.19 14.43 14.55 14.81 12.99 13.15 13.42 13.40 18.51 18.59 18.73 18.79 18.82 18.90 19.05 19.13 18.85 18.88 19.11 19.16 18.84 18.88 19.10 19.15 -.1 1.9 3.2 1.6 -.3 1.7 3.0 1.4 -.1 1.9 3.2 1.6 1953:1 II Ill IV 19.16 19.20 19.27 19.33 19.40 19.43 19.54 19.63 39.16 39.19 38.93 39.06 23.00 22.90 22.95 22.94 14.00 14.15 14.36 14.53 24.21 24.35 24.54 24.49 27.16 27.39 27.59 27.56 16.00 16.23 16.45 16.42 35.30 35.47 35.60 35.57 17.95 17.97 18.13 18.05 27.01 26.95 26.87 26.78 21.05 20.87 20.79 20.80 14.02 14.03 13.97 14.05 14.61 14.64 14.56 14.68 13.54 13.51 13.50 13.48 18.80 18.83 18.90 18.97 19.15 19.19 19.26 19.33 19.17 19.20 19.28 19.33 19.17 19.19 19.27 19.32 . .4 .8 1.5 1.4 .1 .7 1.4 1.5 .4 .8 1.4 1.4 1954:1 II Ill IV 19.42 19.45 19.45 19.47 19.73 19.71 19.65 19.63 39.38 38.37 37.70 37.46 23.01 23.11 23.02 22.92 14.63 14.65 14.70 14.79 24.50 24.60 24.59 24.61 27.66 27.80 27.59 27.64 16.19 16.03 16.03 16.05 36.10 36.67 36.20 36.26 17.96 18.01 18.22 18.21 26.64 26.56 26.52 26.52 21.06 21.15 21.21 21.21 14.16 14.26 14.39 14.51 14.87 14.87 15.04 15.18 13.45 13.76 13.83 13.91 19.07 19.10 19.10 19.13 19.41 19.44 19.44 19.47 19.40 19.41 19.45 19.50 19.39 19.40 19.44 19.49 1.9 .6 -.1 .5 2.2 .7 0 .5 1.9 .6 -.1 .6 1955:1 II Ill IV 19.55 19.66 19.80 19.93 19.70 19.72 19.79 19.85 37.73 37.92 38.28 38.39 22.92 22.85 22.87 22.85 14.88 14.95 15.04 15.15 24.61 24.78 25.08 25.42 27.55 27.72 28.15 28.76 16.09 16.23 16.45 16.82 36.02 36.18 36.80 37.56 18.29 18.45 18.57 18.58 26.60 26.72 26.86 27.05 21.05 21.03 21.03 21.08 14.61 14.88 15.06 15.24 15.40 15.83 15.96 16.15 13.79 13.85 14.08 14.26 19.19 19.30 19.43 19.56 19.54 19.66 19.79 19.93 19.59 19.67 19.82 20.02 19.58 19.67 19.81 20.01 1.5 2.4 2.8 2.7 1.3 2.3 2.7 2.6 1.5 2.4 2.8 2.7 1956:1 20.13 20.32 20.54 20.67 19.93 20.06 20.26 20.38 38.52 38.60 39.20 39.74 22.90 23.12 23.34 23.41 15.26 15.33 15.44 15.54 25.95 26.23 26.68 26.88 29.57 29.81 30.57 30.99 17.57 17.51 17.98 18.15 38.23 38.84 39.79 40.45 18.74 19.02 19.05 18.97 27.27 27.55 27.86 28.17 21.23 21.36 21.48 21.61 15.51 15.76 15.92 15.99 16.38 16.67 16.77 16.78 14.59 14.80 15.05 15.21 19.75 19.93 20.15 20.26 20.12 20.31 20.54 20.66 20.22 20.33 20.59 20.67 20.21 20.33 20.59 20.66 3.9 3.9 4.5 2.5 3.9 3.8 4.4 2.4 3.9 3.9 4.5 2.5 1957:I II Ill IV 20.91 21.05 21.21 21.33 20.56 20.69 20.86 20.96 40.07 40.65 40.63 40.69 23.64 23.77 24.01 24.07 15.67 15.75 15.88 16.03 27.13 27.26 27.45 27.58 31.46 31.65 31.88 32.15 18.33 18.57 18.69 18.68 41.22 41.26 41.58 42.19 18.91 18.96 19.09 19.02 28.56 28.77 28.86 28.86 21.76 21.76 21.65 21.47 16.30 16.44 16.55 16.65 17.21 17.29 17.42 17.61 15.36 15.58 15.66 15.64 20.49 20.63 20.78 20.89 20.90 21.05 21.21 21.32 20.96 21.10 21.23 21.23 20.96 21.10 21.22 21.23 4.7 2.8 3.1 2.2 4.6 2.6 3.0 2.1 4.7 2.8 3.1 2.2 1958:1 || III IV 21.52 21.62 21.69 21.74 21.23 21.28 21.32 21.34 41.44 41.28 41.26 41.15 24.47 24.52 24.45 24.37 16.13 16.20 16.33 16.47 27.34 27.46 27.50 27.55 31.82 32.01 32.08 32.16 18.24 18.36 18.43 18.48 42.14 42.38 42.43 42.52 18.93 18.95 18.95 18.96 28.61 28.50 28.45 28.44 21.01 20.80 20.66 20.58 16.77 16.95 17.07 17.16 17.86 18.07 18.21 18.33 15.60 15.73 15.82 15.88 21.06 21.16 21.22 21.27 21.51 21.61 21.68 21.73 21.47 21.55 21.70 21.82 21.46 21.54 21.69 21.81 3.6 1.9 1.2 .9 3.4 1.8 1.2 .9 3.6 1.9 1.2 1.0 1959:1 21.79 21.84 21.90 21.99 21.48 21.56 21.68 21.80 41.82 42.02 42.03 42.01 24.46 24.52 24.65 24.75 16.57 16.65 16.78 16.94 27.58 27.70 27.78 27.82 32.20 32.40 32.55 32.61 18.36 18.47 18.54 18.55 42.79 43.07 43.31 43.41 18.98 18.99 18.99 19.00 28.45 28.39 28.49 28.78 20.91 20.88 20.91 21.10 17.07 17.02 16.92 16.96 18.01 17.90 17.72 17.77 16.08 16.11 16.11 16.15 21.33 21.37 21.43 21.52 21.78 21.83 21.89 21.99 21.83 21.83 21.88 21.98 21.82 21.83 21.88 21.98 .9 .9 1.2 1.7 1.2 .9 1.1 1.7 .9 .9 1.1 1.7 1960:1 II Ill IV 22.04 22.14 22.23 22.33 21.84 21.96 22.04 22.15 41.92 41.84 41.69 41.62 24.76 24.92 24.99 25.12 17.02 17.13 17.25 17.36 27.86 27.91 27.89 27.81 32.64 32.65 32.62 32.45 18.62 18.51 18.42 18.29 43.38 43.57 43.63 43.46 19.06 19.13 19.13 19.15 28.88 28.84 28.96 28.86 21.08 21.11 21.23 21.17 17.02 17.08 17.26 17.41 17.75 17.81 18.06 18.29 16.30 16.38 16.45 16.51 21.57 21.66 21.76 21.86 22.03 22.13 2223 22.33 22.08 22.15 22.23 22.30 22.07 22.15 22.23 22.29 .9 1.7 1.8 1.8 .8 1.8 1.8 1.9 .9 1.7 1.8 1.8 1961:1 II Ill IV 22.36 22.40 22.45 22.51 22.19 22.19 22.27 22.29 41.62 41.83 42.02 41.97 25.17 25.04 25.10 25.08 17.41 17.48 17.55 17.61 27.79 27.81 27.76 27.76 32.47 32.44 32.35 32.37 18.29 18.33 18.35 18.42 43.51 43.39 43.13 43.08 19.09 19.17 19.17 19.16 28.99 29.38 29.30 29.52 21.19 21.16 21.13 21.12 17.40 17.49 17.52 17.64 18.22 18.26 18.21 18.32 16.59 16.74 16.85 16.99 21.88 21.91 21.96 22.01 22.36 22.40 22.45 22.50 22.35 22.40 22.46 22.53 22.34 22.39 22.45 22.53 .5 .7 .9 1.0 .4 .5 .9 .9 .5 .7 .9 1.0 1962:I II Ill IV 22.64 22.71 22.77 22.84 22.38 22.47 22.53 22.59 41.98 42.07 42.17 42.00 25.18 25.26 25.31 25.44 17.71 17.79 17.86 17.91 27.80 27.83 27.81 27.78 32.41 32.46 32.44 32.39 18.45 18.52 18.49 18.55 43.12 43.13 43.13 42.93 19.19 19.19 19.18 19.15 29.50 29.19 29.17 29.21 20.88 20.92 20.84 20.95 17.84 17.91 17.99 18.14 18.51 18.58 18.68 18.87 17.21 17.29 17.32 17.43 22.13 22.20 22.26 22.34 22.64 22.70 22.76 22.84 22.67 22.71 22.76 22.83 22.67 22.70 22.75 22.83 2.4 1.1 1.1 1.4 2.2 1.3 1.0 1.4 2.4 1.1 1.1 1.4 1963:1 II Ill IV 22.93 22.95 22.98 23.12 22.66 22.69 22.79 22.87 42.01 42.13 42.25 42.40 25.49 25.49 25.66 25.72 17.99 18.03 18.09 18.18 27.80 27.75 27.65 27.72 32.44 32.42 32.44 32.44 18.61 18.65 18.70 18.72 42.95 42.85 42.82 42.80 19.16 19.08 18.87 18.99 29.30 29.25 29.16 29.18 21.14 21.23 21.36 21.48 18.30 18.35 18.31 18.61 19.05 19.07 18.95 19.40 17.58 17.67 17.71 17.85 22.42 22.45 22.49 22.63 22.92 22.94 22.97 23.11 22.91 22.94 22.98 23.16 22.90 22.93 22.97 23.15 1.4 .3 .6 2.5 1.6 .4 .8 2.6 1.4 .3 .6 2.5 1964:1 II Ill IV 23.20 23.27 23.39 23.49 22.98 23.02 23.10 23.18 42.49 42.42 42.39 42.31 25.85 25.86 25.93 26.02 18.26 18.35 18.44 18.54 27.62 27.87 27.90 28.21 32.44 32.59 32.60 32.78 18.70 18.90 18.93 19.23 42.82 42.86 42.86 42.83 18.82 19.12 19.18 19.59 29.25 29.22 29.45 29.77 21.67 21.78 21.75 21.82 18.74 18.81 19.01 19.04 19.56 19.62 19.92 19.91 17.93 18.02 18.10 18.18 22.72 22.79 22.90 22.99 23.19 23.27 23.38 23.49 23.22 23.28 23.37 23.49 23.22 23.27 23.37 23.48 1.4 1.2 2.0 1.8 1.5 1.3 1.8 1.7 1.4 1.2 2.0 1.8 1965:1 II Ill IV 23.60 23.71 23.81 23.97 23.26 23.38 23.47 23.54 42.35 42.16 41.93 41.66 26.12 26.34 26.50 26.59 18.62 18.70 18.80 18.91 28.24 28.29 28.34 28.68 32.84 32.91 33.01 33.18 19.26 19.40 19.45 19.84 42.90 42.87 43.01 42.85 19.58 19.60 19.58 20.13 30.47 30.38 30.40 30.28 21.99 21.90 22.05 22.28 19.18 19.27 19.45 19.76 20.01 20.08 20.29 20.75 18.36 18.47 18.63 18.78 23.08 23.19 23.30 23.46 23.60 23.70 23.81 23.97 23.61 23.71 23.81 23.97 23.60 23.71 23.80 23.97 1.9 1.8 1.8 2.6 1.6 1.8 1.9 2.9 1.9 1.8 1.8 2.6 1966:1 II Ill IV 24.11 24.33 24.57 24.79 23.73 23.92 24.11 24.30 41.59 41.73 41.91 42.07 26.92 27.16 27.38 27.58 19.03 19.20 19.37 19.56 28.52 29.03 29.03 29.39 33.12 33.46 33.54 33.85 19.78 20.22 20.25 20.51 42.80 42.94 43.07 43.38 19.84 20.57 20.44 20.89 30.79 31.05 31.44 32.01 22.39 22.63 22.56 22.70 19.87 20.02 20.41 20.53 20.72 20.71 21.21 21.21 19.04 19.36 19.63 19.88 23.59 23.81 24.03 24.22 24.11 24.33 24.57 24.78 24.13 24.32 24.58 24.79 24.12 24.32 24.58 24.79 2.4 3.8 4.0 3.5 2.1 3.8 3.7 3.3 2.4 3.8 4.0 3.5 1967:1 II Ill IV 24.90 25.06 25.29 25.57 24.36 24.48 24.71 24.92 41.96 42.17 42.67 43.13 27.64 27.74 28.02 28.23 19.66 19.78 19.92 20.10 29.52 29.66 29.85 30.22 34.03 34.21 34.44 34.77 20.60 20.71 20.85 21.14 43.63 43.87 44.15 44.47 20.93 21.00 21.12 21.53 32.60 32.51 32.47 32.65 22.72 22.63 22.63 22.65 20.67 20.90 21.16 21.48 21.19 21.44 21.69 22.08 20.20 20.42 20.70 20.94 24.32 24.47 24.70 24.96 24.90 25.06 25.29 25.57 24.89 25.05 25.31 25.59 24.89 25.04 25.31 25.59 1.9 2.5 3.8 4.4 1.6 2.5 3.8 4.3 1.9 2.5 3.8 4.4 1968:1 II Ill IV 25.86 26.15 26.39 26.76 25.19 25.44 25.70 25.99 43.41 43.67 44.03 44.44 28.53 28.82 29.12 29.44 20.36 20.58 20.80 21.041 30.53 30.83 31.01 31.721 35.03 35.38 35.68 36.24 21.43 21.71 21.89 22.44 44.64 45.03 45.41 45.88 21.89 22.10 22.11 22.98 32.87 33.57 33.13 33.35 22.81 22.98 23.03 23.19 21.78 22.05 22.35 22.72 22.36 22.65 23.04 23.36 21.26 21.52 21.72 22.15 25.24 25.51 25.77 26.13 25.86 26.15 26.39 26.76 25.88 26.14 26.39 26.76 25.87 26.14 26.39 26.76 4.6 4.5 3.8 5.7 4.6 4.2 4.1 5.7 4.6 4.5 3.8 5.7 Ill "Z. IV Ill Z. IV See footnotes at the end of the table. 1 134 • August 2000 SURVEY OF CURRENT BUSINESS Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continued [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Chain-type price indexes Implicit price deflators Private fixed investment Year and quarter Personal consumption expenditures Total Total 1969:1 II Ill Durable goods Nondurable goods Services (S Nonresidential GDP Total Structures Equipment and software Percent change fr om preceding period for chaintype price index Residential Exports and imports of goods and services Government' Gross domestic purchases Total Exports Imports Federal GNP GDP GNP GDP State and local Gross domestic purchases GNP iv..::. 27.02 27.39 27.79 28.15 26.24 26.58 26.91 27.23 44.67 45.00 45.22 45.50 29.69 30.11 30.55 30.93 21.30 21.59 21.87 22.15 32.06 32.40 32.67 33.10 36.51 36.84 37.22 37.68 22.76 23.13 23.44 23.89 46.05 46.28 46.68 47.06 23.42 23.76 23.85 24.21 33.82 33.85 34.33 35.15 23.29 23.39 23.56 24.17 22.88 23.30 23.84 24.22 23.37 23.75 24.42 24.77 22.46 22.91 23.32 23.75 26.37 26.73 27.11 27.46 27.02 27.38 27.78 28.14 27.03 27.39 27.79 28.15 27.03 27.38 27.79 28.15 3.9 5.5 6.0 5.3 3.8 5.6 5.8 5.3 3.9 5.5 6.0 5.3 1970:1 II . . Ill IV 28.54 28.94 29.17 29.55 27.54 27.85 28.12 28.50 45.59 45.76 46.09 46.93 31.35 31.71 31.95 32.25 22.44 22.72 23.01 23.38 33.35 34.10 34.00 34.40 38.08 38.74 38.97 39.50 24.13 24.88 24.95 25.35 47.59 48.03 48.40 48.98 24.19 25.09 24.42 24.62 35.28 35.99 35.85 35.97 24.42 24.70 25.31 25.56 24.84 25.24 25.67 26.04 25.46 25.73 26.16 26.45 24.30 24.81 25.25 25.69 27.85 28.24 28.51 28.89 28.53 28.94 29.17 29.55 28.55 28.94 29.18 29.56 28.54 28.94 29.17 29.56 5.6 5.8 3.2 5.3 5.8 5.6 3.9 5.5 5.6 5.8 3.2 5.3 1971:1 II Ill IV 30.00 30.40 30.71 30.96 28.77 29.10 29.38 29.57 47.64 47.99 47.85 47.58 32.36 32.68 32.98 33.19 23.68 24.01 24.36 24.60 35.00 35.52 35.95 36.28 40.05 40.55 40.92 41.17 25.89 26.48 27.06 27.54 49.46 49.78 49.85 49.82 25.28 25.79 26.27 26.68 37.01 37.05 36.81 37.05 26.20 26.29 26.62 27.01 26.76 27.26 27.66 28.08 27.38 27.95 28.42 29.06 26.23 26.67 27.01 27.24 29.31 29.71 30.04 30.30 29.99 30.40 30.71 30.96 30.00 30.40 30.71 30.96 30.00 30.40 30.71 30.96 6.1 5.5 4.1 3.3 6.0 5.5 4.6 3.5 6.1 5.5 4.1 3.3 1972:1 II Ill IV 31.42 31.61 31.92 32.30 29.89 30.07 30.33 30.59 48.00 48.28 48.51 48.33 33.54 33.68 33.99 34.38 24.89 25.09 25.33 25.56 36.74 36.97 37.34 37.88 41.66 41.96 42.22 42.47 28.08 28.43 28.82 29.38 50.20 50.40 50.50 50.40 27.05 27.18 27.63 28.47 37.63 37.93 38.10 39.03 27.47 28.19 28.65 29.29 28.89 29.20 29.64 30.23 30.22 30.46 30.90 31.65 27.76 28.12 28.57 29.04 30.76 30.98 31.30 31.67 31.42 31.61 31.92 32.30 31.41 31.61 31.92 32.32 31.41 31.61 31.92 32.32 6.1 2.5 4.0 4.8 6.1 2.9 4.2 4.8 6.1 2.5 3.9 4.8 1973:1 II Ill IV 32.73 33.27 33.90 34.48 30.96 31.56 32.13 32.78 48.55 48.92 49.15 49.31 35.05 36.06 36.98 38.16 25.78 26.16 26.57 26.98 38.25 38.93 39.76 40.26 42.80 43.42 44.08 44.54 29.81 30.45 31.29 32.06 50.60 51.13 51.56 51.70 28.85 29.56 30.57 31.11 40.19 42.04 44.51 46.86 30.16 32.53 34.06 36.60 30.84 31.39 31.93 32.53 32.14 32.62 33.28 33.88 29.73 30.33 30.79 31.39 32.09 32.69 33.29 33.91 32.73 33.27 33.91 34.49 32.71 33.25 33.86 34.58 32.71 33.25 33.86 34.58 5.4 6.8 7.9 7.0 5.4 7.7 7.6 7.6 5.4 6.8 7.8 7.0 1974:1 II Ill IV ..... 35.18 35.97 37.07 38.20 33.75 34.69 35.60 36.49 49.78 50.99 52.96 54.60 39.93 41.29 42.44 43.61 27.53 28.17 28.77 29.38 41.01 42.20 43.87 45.65 45.31 46.75 48.74 50.98 32.91 34.34 35.93 37.44 52.33 53.65 55.83 58.51 31.81 32.56 33.61 34.52 50.18 51.92 54.89 57.75 42.41 47.28 49.73 51.36 33.26 34.19 35.35 36.50 34.37 35.08 36.21 37.56 32.28 33.37 34.55 35.55 34.80 35.79 36.87 37.93 35.18 35.96 37.06 38.19 35.20 36.02 37.09 38.20 35.20 36.02 37.08 38.19 8.4 9.2 12.8 12.7 10.9 11.9 12.7 12.0 8.3 9.2 12.8 12.7 1975:1 39.08 39.63 40.35 41.05 37.17 37.62 38.31 38.93 55.48 56.56 57.20 58.11 44.27 44.53 45.46 46.11 30.04 30.50 31.05 31.62 47.28 48.40 48.97 49.71 52.98 54.36 55.04 55.81 38.53 39.23 39.56 40.03 61.15 63.00 63.93 64.90 35.40 36.02 36.36 37.02 59.41 59.18 59.02 59.36 52.13 52.27 51.10 51.17 37.27 37.93 38.55 39.36 38.41 38.92 39.62 40.70 36.26 37.02 37.58 38.19 38.76 39.33 39.99 40.67 39.07 39.62 40.35 41.05 39.08 39.63 40.33 41.05 39.08 39.63 40.33 41.05 9.6 5.8 7.5 7.1 9.0 6.0 7.0 6.9 9.6 5.8 7.6 7.1 1976:1 II Ill IV 41.49 41.93 42.51 43.25 39.34 39.68 40.31 40.97 58.89 59.56 60.26 61.27 46.28 46.41 47.02 47.62 32.12 32.53 33.15 33.80 50.20 51.08 51.80 52.61 56.46 57.17 57.94 58.80 40.26 40.99 41.59 42.18 65.86 66.50 67.34 68.37 37.23 38.32 38.94 39.63 60.18 60.83 61.16 62.26 52.02 52.80 53.75 54.31 39.89 40.40 40.91 41.66 41.12 41.55 42.25 43.34 38.78 39.35 39.74 40.24 41.11 41.56 42.18 42.88 41.49 41.94 42.52 43.25 41.50 41.92 42.50 43.27 41.50 41.92 42.51 43.28 4.3 4.3 5.6 7.1 4.4 4.5 6.1 6.8 4.4 4.3 5.7 7.1 1977:1 II Ill IV 43.97 44.69 45.32 46.08 41.69 42.44 43.08 43.70 61.82 62.15 62.82 63.66 48.48 49.41 49.98 50.56 34.46 35.17 35.87 36.47 53.76 54.79 56.03 57.24 60.03 60.96 62.03 63.12 43.49 44.28 45.27 46.21 69.46 70.44 71.52 72.66 40.57 41.68 43.05 44.35 62.95 63.89 63.58 63.88 56.21 57.78 58.55 59.15 42.52 43.19 43.73 44.75 44.40 44.97 45.25 46.69 40.97 41.70 42.41 43.14 43.68 44.45 45.14 45.92 43.98 44.70 45.33 46.09 43.97 44.69 45.23 46.16 43.97 44.71 45.25 46.17 6.9 6.7 5.8 6.9 7.7 7.2 6.4 7.0 6.8 6.8 5.8 6.9 1978:1 II Ill IV 46.86 47.79 48.64 49.62 44.44 45.39 46.21 47.07 64.63 65.62 66.68 67.85 51.28 52.53 53.47 54.43 37.19 37.96 38.68 39.42 58.34 59.58 60.76 62.00 64.02 65.13 66.23 67.40 47.21 48.53 49.74 51.10 73.44 74.35 75.31 76.27 45.66 47.02 48.24 49.51 65.17 66.79 67.86 70.08 60.15 61.60 62.61 63.70 45.33 45.97 46.67 47.52 47.21 47.68 48.36 49.54 43.75 44.52 45.21 45.84 46.67 47.60 48.45 49.37 46.86 47.80 48.65 49.63 46.86 47.77 48.60 49.59 46.87 47.78 48.61 49.60 6.9 8.2 7.3 8.3 6.8 8.2 7.3 7.8 6.9 8.2 7.3 8.3 1979:1 II Ill IV 50.58 51.73 52.79 53.86 48.04 49.21 50.42 51.67 68.98 70.19 70.99 72.25 55.90 57.70 59.44 60.99 40.09 40.89 41.85 42.92 63.29 64.93 66.51 67.86 68.84 70.37 71.86 73.20 52.54 54.13 55.81 57.00 77.64 79.05 80.31 81.69 50.48 52.22 53.89 55.20 72.15 75.11 76.90 78.35 66.18 69.62 74.84 79.84 48.47 49.47 50.86 52.34 50.24 51.10 52.11 54.26 46.94 48.04 49.68 50.70 50.38 51.58 52.89 54.20 50.60 51.75 52.81 53.87 50.55 51.71 52.81 53.90 50.56 51.72 52.82 53.90 8.0 9.4 8.5 8.3 8.4 9.9 10.5 10.3 8.0 9.4 8.4 8.3 1980:1 II III IV 55.08 56.35 57.62 59.16 53.26 54.60 55.86 57.13 74.30 75.96 77.30 78.62 63.18 64.65 66.00 67.43 44.09 45.30 46.50 47.65 69.45 71.07 72.61 74.20 74.85 76.60 78.24 79.89 57.99 59.18 60.43 62.30 83.76 85.86 87.69 89.02 56.65 57.98 59.31 60.77 80.66 81.76 84.03 86.82 86.47 89.61 92.09 93.64 53.60 55.03 56.27 58.31 55.24 56.59 57.52 60.44 52.13 53.61 55.08 56.47 55.73 57.14 58.43 59.89 55.09 56.35 57.63 59.17 55.11 56.34 57.60 59.13 55.12 56.35 57.61 59.14 9.4 9.5 9.4 11.1 11.8 10.5 9.3 10.4 9.4 9.5 9.4 11.1 1981:1 IV 60.67 61.75 62.95 64.10 58.55 59.55 60.62 61.59 79.62 81.15 82.33 83.37 69.33 70.09 70.75 71.30 48.85 49.90 51.19 52.38 76.21 77.93 79.25 80.82 82.19 84.23 85.76 87.56 65.03 67.31 69.24 71.65 90.76 92.46 93.55 94.67 62.10 63.08 63.88 64.82 88.98 89.32 89.51 89.83 96.11 96.67 94.15 94.36 59.76 60.83 61.56 63.04 61.46 62.38 63.06 65.32 58.23 59.40 60.16 61.05 61.42 62.53 63.56 64.70 60.68 61.77 62.96 64.11 60.66 61.76 62.95 64.10 60.67 61.77 62.97 64.11 10.6 7.3 8.0 7.5 10.7 7.4 6.7 7.4 10.6 7.4 8.0 7.5 1982:1 II Ill IV 65.00 65.84 66.75 67.44 62.36 62.98 63.95 64.64 84.08 84.74 84.99 85.22 71.74 71.86 72.79 72.97 53.34 54.23 55.32 56.36 81.85 82.88 83.38 83.51 88.63 89.70 90.17 90.25 73.18 73.93 74.14 73.78 95.20 96.46 97.13 97.59 65.77 66.75 67.31 67.63 90.30 90.26 89.64 89.14 94.05 92.42 91.32 90.62 64.13 65.02 65.82 66.76 66.40 67.15 67.72 68.83 62.12 63.13 64.10 64.91 65.56 66.29 67.16 67.83 65.01 65.85 66.76 67.44 64.99 65.83 66.75 67.45 65.00 65.84 66.76 67.46 5.8 5.3 5.6 4.2 5.4 4.6 5.4 4.0 5.8 5.2 5.6 4.2 1983:1 || III IV 67.98 68.59 69.17 69.75 65.14 65.90 66.58 67.15 85.82 86.11 86.53 87.07 72.94 73.81 74.35 74.46 57.16 57.92 58.71 59.54 83.06 82.75 82.65 82.77 89.50 88.98 88.68 88.56 72.50 71.74 71.57 71.46 97.35 97.06 96.67 96.55 67.96 68.12 68.46 69.07 89.51 89.84 90.35 91.26 88.71 88.71 88.88 88.31 67.22 67.83 68.43 68.85 69.26 69.76 70.29 70.51 65.38 66.08 66.74 67.34 68.22 68.80 69.35 69.83 67.99 68.61 69.18 69.77 67.95 68.56 69.16 69.77 67.96 68.57 69.18 69.79 3.3 3.6 3.4 3.4 2.3 3.5 3.2 2.8 3.3 3.7 3.4 3.4 1984:1 II Ill IV 70.59 71.18 71.74 72.24 67.81 68.40 68.90 69.40 87.04 87.59 87.75 87.93 75.30 75.47 75.72 76.05 60.22 61.05 61.75 62.39 82.88 83.28 83.54 83.77 88.54 88.85 88.93 89.01 71.55 72.26 72.71 73.14 96.44 96.44 96.23 96.05 69.48 70.03 70.71 71.25 91.36 91.97 91.07 90.13 88.58 89.07 87.49 86.41 70.71 71.35 71.91 72.47 73.38 73.93 74.40 74.87 68.35 69.05 69.71 70.33 70.67 71.25 71.72 72.18 70.60 71.19 71.75 72.25 70.59 71.16 71.73 72.24 70.60 71.17 71.74 72.25 4.9 3.4 3.2 2.8 4.9 3.3 2.7 2.5 4.9 3.3 3.2 2.8 1985:1 II . .. Ill IV 73.01 73.49 73.88 74.40 70.09 70.75 71.23 71.91 88.40 88.65 88.54 88.77 76.63 77.16 77.40 78.01 63.20 64.00 64.72 65.52 84.05 84.16 84.54 85.05 89.25 89.34 89.68 90.03 73.68 73.86 74.25 74.67 96.05 96.07 96.35 96.64 71.61 71.77 72.26 73.09 89.24 89.05 88.34 88.17 84.36 84.72 84.66 86.34 73.20 73.58 73.82 74.53 75.52 75.56 75.43 76.17 71.13 71.78 72.36 73.02 72.80 73.32 73.73 74.38 73.01 73.50 73.89 74.41 73.00 73.50 73.85 74.39 73.01 73.50 73.86 74.40 4.3 2.7 2.1 2.9 3.5 2.8 2.3 3.6 4.3 2.7 2.1 2.9 1986:1 II Ill IV 74.69 75.04 75.51 76.05 72.30 72.33 72.86 73.40 88.81 89.30 90.08 90.55 77.80 76.44 76.76 77.04 66.31 67.01 67.61 68.31 85.45 86.13 86.95 87.52 90.20 90.86 91.60 92.00 74.97 75.37 75.71 76.10 96.73 97.54 98.51 98.90 73.97 74.68 75.65 76.53 87.64 87.26 86.85 87.56 86.52 83.82 84.36 85.33 74.62 74.79 75.13 75.76 76.02 76.10 76.08 76.21 73.32 73.57 74.22 75.27 74.71 74.85 75.37 75.94 74.69 75.05 75.52 76.06 74.68 75.05 75.51 76.01 74.69 75.05 75.51 76.02 1.5 1.9 2.5 2.9 1.8 .7 2.9 3.0 1.5 1.9 2.5 2.9 1987:1 II Ill IV 76.73 77.27 77.83 78.46 74.37 75.14 75.86 76.61 91.31 91.96 92.62 92.95 78.55 79.36 80.10 80.65 69.03 69.80 70.52 71.46 87.75 87.90 88.06 88.79 91.94 91.86 91.76 92.50 76.12 76.41 76.80 77.55 98.78 98.48 98.08 98.78 77.34 77.93 78.59 79.30 88.02 89.40 89.73 91.33 87.54 89.77 90.67 92.10 76.48 77.00 77.55 77.82 76.82 76.96 77.15 77.19 76.08 76.93 77.79 78.25 76.76 77.40 78.01 78.64 76.74 77.27 77.84 78.46 76.70 77.27 77.84 78.46 76.71 77.27 77.84 78.46 3.6 2.9 2.9 3.3 4.4 3.4 3.2 3.3 3.6 2.8 2.9 3.3 1988:1 II Ill IV 78.99 79.79 80.73 81.36 77.11 77.99 78.93 79.71 92.69 93.15 93.76 94.36 81.00 81.88 82.89 83.59 72.19 73.16 74.12 74.98 89.59 90.18 90.61 91.52 93.34 93.86 94.26 95.23 78.77 79.60 80.36 81.21 99.37 99.69 99.87 100.88 80.01 80.73 81.23 81.99 92.34 94.31 95.52 95.38 93.41 95.14 94.19 95.10 78.50 79.18 79.61 79.92 78.22 78.87 79.05 79.14 78.64 79.35 79.97 80.46 79.21 80.01 80.75 81.46 78.99 79.80 80.73 81.36 78.98 79.79 80.71 81.33 78.99 79.79 80.72 81.34 2.7 4.1 4.8 3.2 2.9 4.1 3.8 3.6 2.7 4.1 4.8 3.2 Ill Z. IV m'Z See footnotes at the end of the table. August 2000 • SURVEY OF CURRENT BUSINESS 135 Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continued [Index numbers, 1996=100; quarterly estimates are seasonally adjusted] Implicit price deflators Chain-type price indexes Private fixed investment Year and quarter Nonresidential Personal consumption expenditures GDP Total Total Durable goods Nondurable goods Services Total Structures Equipment and software Residential Exports and imports of goods and services Govemmen Exports Imports 1 Gross domestic purchases Total Federal Percent change f ram preceding period for type price index GNP GDP GNP GDP State and local Gross domestic purchases GNP 1989:1 II Ill ..... IV 82.20 83.02 83.62 84.24 80.61 81.68 82.18 82.97 94.83 94.93 95.24 95.55 84.60 86.56 86.67 87.23 75.90 76.69 77.45 78.45 92.00 92.58 92.97 93.48 95.66 96.03 96.47 96.99 81.92 82.87 83.49 84.12 101.14 101.18 101.52 101.95 82.58 83.58 83.86 84.36 96.39 96.55 95.97 95.69 96.74 97.86 96.20 96.67 81.12 81.67 82.15 82.61 80.68 80.96 81.43 81.41 81.39 82.15 82.63 83.48 82.36 83.26 83.74 84.43 82.21 83.03 83.63 84.26 82.20 83.01 83.62 84.24 82.20 83.02 83.63 84.25 4.2 4.0 2.9 3.0 4.5 4.4 2.4 3.3 4.2 4.1 3.0 3.0 1990:1 II Ill IV 85.19 86.17 87.00 87.76 84.08 84.98 86.12 87.34 95.99 95.90 95.92 96.20 89.16 89.84 91.46 93.45 79.24 80.46 81.55 82.54 94.02 94.32 94.93 95.52 97.47 97.76 98.45 99.22 84.85 85.44 86.13 86.66 102.29 102.39 103.07 103.95 85.05 85.40 85.79 85.93 95.74 96.04 96.95 98.41 98.02 96.22 98.98 104.49 83.88 84.61 85.41 86.74 82.57 83.28 83.87 85.41 84.82 85.57 86.54 87.71 85.48 86.27 87.26 88.41 85.21 86.18 87.01 87.78 85.18 86.16 86.99 87.74 85.20 86.17 87.00 87.76 4.6 4.7 3.9 3.5 5.1 3.7 4.7 5.3 4.6 4.7 3.9 3.6 1991:1 II Ill IV 88.78 89.41 89.99 90.47 87.99 88.56 89.16 89.92 97.07 97.21 97.54 97.73 93.29 93.59 93.84 94.31 83.57 84.35 85.19 86.19 96.24 96.23 96.20 95.89 100.10 99.96 99.72 99.42 87.46 87.59 87.55 86.70 104.86 104.59 104.25 104.22 86.17 86.54 87.08 86.75 98.72 98.24 97.62 97.83 101.24 98.55 97.44 98.49 87.47 87.70 88.27 88.72 86.56 86.76 87.41 87.99 88.11 88.36 88.87 89.23 89.09 89.51 90.04 90.60 88.79 89.42 89.99 90.47 88.76 89.40 89.99 90.47 88.78 89.41 90.00 90.48 4.7 2.9 2.6 2.2 3.1 1.9 2.4 2.5 4.7 2.8 2.6 2.2 1992:I II Ill IV 91.16 91.68 91.98 92.56 90.73 91.35 91.86 92.56 97.93 98.28 98.37 98.55 94.51 94.94 95.53 95.82 87.41 88.18 88.72 89.71 95.81 95.92 96.12 96.42 99.41 99.25 99.27 99.22 86.63 87.01 87,41 88.11 104.24 103.82 103.67 103.29 86.48 87.29 87.91 89.06 97.77 97.88 97.90 97.71 97.96 98.59 100.13 99.67 89.33 90.00 90.43 90.67 89.07 89.76 90.35 90.12 89.48 90.14 90.44 91.04 91.25 91.81 92.26 92.81 91.16 91.68 91.98 92.56 91.16 91.67 91.97 92.55 91.15 91.67 91.97 92.55 3.1 2.3 1.3 2.5 2.9 2.5 2.0 2.4 3.1 2.3 1.3 2.5 1993:1 II Ill IV 93.33 93.83 94.26 94.79 93.07 93.65 93.96 94.54 98.44 98.88 99.27 99.65 96.14 96.13 95.93 96.38 90.44 91.34 91.90 92.58 97.00 97.37 97.64 97.82 99.63 99.80 99.85 99.94 88.99 89.84 90.61 91.43 103.50 103.37 103.14 102.93 90.08 90.93 91.76 92.17 97.73 97.95 97.82 97.77 98.16 98.86 97.98 97.74 91.63 92.21 92.70 93.22 91.26 91.79 92.61 93.07 91.86 92.48 92.73 93.30 93.42 93.98 94.32 94.83 93.33 93.84 94.27 94.80 93.32 93.82 94.24 94.79 93.32 93.83 94.26 94.81 3.4 2.2 1.8 2.3 2.7 2.4 1.5 2.2 3.4 2.2 1.8 2.3 1994:1 II Ill IV 95.28 95.72 96.29 96.74 94.81 95.31 96.13 96.56 99.88 100.36 101.00 101.00 96.21 96.45 97.26 97.40 93.09 93.73 94.59 95.24 98.35 98.74 99.16 99.41 100.24 100.56 100.74 100.60 92.15 92.81 93.86 95.17 103.08 103.26 103.12 102.46 93.25 93.80 94.81 96.05 98.17 98.57 99.17 99.84 97.24 98.51 100.12 100.60 93.90 94.66 95.11 95.70 93.63 94.63 94.55 95.23 94.06 94.66 95.46 95.99 95.22 95.74 96.43 96.86 95.30 95.73 96.30 96.75 95.28 95.71 96.28 96.74 95.29 95.73 96.29 96.74 2.1 1.8 2.4 1.9 1.7 2.2 2.9 1.8 2.1 1.8 2.4 1.9 1995:1 II Ill IV 97.45 97.86 98.31 98.79 97.15 97.71 98.16 98.57 101.36 101.22 100.94 100.72 97.46 97.83 98.10 98.31 96.16 96.95 97.63 98.27 99.84 100.20 100.27 100.25 100.75 101.09 101.04 100.82 96.35 97.06 97.79 98.38 102.25 102.45 102.14 101.64 97.23 97.69 98.09 98.62 100.92 101.73 101.48 101.01 101.05 102.84 102.15 101.28 96.67 97.23 97.69 98.63 96.18 96.52 97.11 99.04 96.98 97.66 98.04 98.39 97.51 98.04 98.42 98.85 97.46 97.87 98.31 98.80 97.45 97.86 98.30 98.78 97.45 97.87 98.31 98.79 3.0 1.7 1.8 2.0 2.7 2.2 1.6 1.8 3.0 1.7 1.8 2.0 1996:1 II III IV 99.40 99.74 100.23 100.63 99.16 99.79 100.18 100.87 100.78 100.13 99.77 99.32 99.09 99.98 100.02 100.92 98.87 99.62 100.35 101.17 100.04 99.84 100.08 100.05 100.40 99.97 99.92 99.71 98.87 99.42 100.44 101.28 100.91 100.16 99.74 99.19 99.00 99.44 100.53 101.03 100.83 100.51 99.81 98.85 100.87 100.42 99.28 99.43 99.84 99.48 100.10 100.58 100.27 99.45 99.93 100.35 99.58 99.50 100.20 100.72 99.42 99.74 100.16 100.68 99.40 99.75 100.23 100.63 99.39 99.74 100.22 100.63 99.39 99.74 100.22 100.63 2.5 1.4 2.0 1.6 2.3 1.3 1.7 2.1 2.5 1.4 1.9 1.6 1997:1 101.36 101.82 102.12 102.49 101.49 101.77 102.09 102.43 98.99 98.08 97.27 96.65 101.33 101.18 101.31 101.53 102.08 102.83 103.48 104.09 100.00 99.91 99.93 99.86 99.44 99.14 98.93 98.55 102.47 103.56 104.89 106.02 98.44 97.69 97.00 96.14 101.66 102.22 102.96 103.89 98.66 98.72 98.46 98.04 98.28 96.43 95.82 95.21 101.72 102.01 102.26 102.93 101.42 101.60 101.49 102.00 101.90 102.25 102.71 103.47 101.28 101.49 101.74 102.07 101.34 101.80 102.10 102.46 101.34 101.82 102.12 102.49 101.33 101.80 102.10 102.46 2.9 1.9 1.2 1.4 2.4 .8 1.0 1.3 2.9 1.8 1.2 1.4 1998:1 II HI IV 102.75 103.04 103.42 103.69 102.52 102.83 103.20 103.58 96.26 95.79 95.28 94.34 101.19 101.10 101.41 101.71 104.51 105.20 105.80 106.51 99.46 99.17 99.06 98.98 97.90 97.29 96.86 96.46 106.84 107.58 107.95 108.47 95.04 94.03 93.36 92.69 104.31 105.06 106.01 106.98 97.06 96.59 95.85 95.53 92.57 91.59 90.45 90.41 103.15 103.43 103.85 104.26 102.36 102.47 102.63 102.94 103.61 103.98 104.55 105.00 102.08 102.28 102.57 102.87 102.72 103.00 103.38 103.66 102.74 103.03 103.41 103.70 102.70 102.99 103.38 103.67 1.0 1.1 1.5 1.1 .1 .8 1.1 1.2 1.0 1.1 1.5 1.1 1999:1 II III IV 104.25 104.63 104.90 105.31 104.02 104.60 105.10 105.67 93.76 93.30 92.86 92.44 102.18 103.43 104.15 105.09 - 107.18 107.66 108.26 108.88 99.14 99.14 99.06 99.07 96.34 95.99 95.62 95.42 109.25 109.65 110.44 111.42 92.32 91.77 91.11 90.62 108.11 109.28 110.21 110.94 95.42 95.62 95.88 96.51 89.92 91.13 92.47 93.68 105.18 106.00 106.82 107.62 104.68 104.95 105.45 106.02 105.49 106.61 107.60 108.52 103.35 103.86 104.30 104.80 104.22 104.59 104.87 105.27 104.29 104.65 104.89 105.24 104.25 104.62 104.86 105.19 2.2 1.4 1.1 1.6 1.9 2.0 1.7 1.9 2.2 1.5 1.1 1.5 2000:I 106.17 106.58 91.98 106.48 109.88 99.71 95.84 112.72 90.82 112.36 96.98 94.97 109.30 108.01 110.03 105.78 106.14 106.10 106.07 3.3 3.8 3.4 Ill'""'. IV 1. Government consumption expenditures and gross investment. GDP Gross domestic product. GNP Gross national product. 136 • August 2000 SURVEY OF CURRENT BUSINESS Table 4.—National Income and Disposition of Personal Income [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Compensation of employees Year and quarter National income Total Wage and salary accruals Proprietors' income Supplements to wages and salaries w/iltt IVA and WIUI IVM dilU CCAdj. Farm Nonfarm Rental income of persons with CCAdj. Corporate profits with IVA and CCAdj. Total IVA CCAdj. Profits before tax Profits after tax Net interest Personal income Less1 Personal tax and nontax payments Equals: DPI Less: Personal outlays Equals: Personal saving Saving as a percentage of DPI Real DPI 1 1929 86.8 51.1 50.5 0.7 6.2 8.7 5.6 10.6 0.5 -0.5 10.6 9.2 4.6 85.3 2.1 83.2 79.3 3.9 4.7 672.3 1930 1931 1932 1933 1934 75.6 60.4 43.9 41.4 50.2 46.9 39.8 31.1 29.6 34.3 46.2 39.2 30.5 29.0 33.7 .7 .6 .6 .5 .6 4.4 3.5 2.1 2.6 2.9 7.3 5.6 3.5 3.2 4.6 4.9 4.0 3.2 2.5 2.1 7.3 2.8 -.4 -.3 2.3 3.3 2.4 1.0 -2.1 -.6 -.3 0 0 .1 -.2 4.3 .4 -1.5 1.7 3.1 3.4 -.1 -1.9 1.2 2.3 4.8 4.8 4.4 3.9 3.9 76.5 65.5 50.0 46.9 53.8 1.9 1.3 1.0 1.0 1.1 74.6 64.2 49.1 45.9 52.7 71.3 61.6 49.5 46.6 52.1 3.2 2.6 -.4 -.7 •6 4.3 4.0 -.8 -1.5 1.2 629.3 607.8 526.5 510.7 560.3 1935 1936 1937 1938 1939 57.9 65.8 74.0 67.4 72.9 37.4 42.9 48.0 45.0 48.1 36.7 42.0 46.1 43.0 46.0 .7 1.0 1.8 2.0 2.2 5.3 4.3 6.0 4.4 4.4 5.4 6.6 7.1 6.8 7.3 2.2 2.3 2.6 3.1 3.3 3.8 5.9 6.7 4.6 6.2 -.2 -.7 0 1.0 -.7 -.2 -.3 -.7 -.8 -.7 4.2 6.9 7.5 4.4 7.6 3.3 5.5 5.9 3.4 6.2 3.9 3.7 3.6 3.5 3.5 60.5 68.8 74.3 68.6 73.1 1.3 1.5 2.1 2.1 1.7 59.2 67.3 72.2 66.5 71.4 56.6 63.0 67.7 65.1 68.0 2.6 4.3 4.5 1.5 3.4 4.4 6.4 6.2 2.2 4.7 614.7 692.2 716.6 675.9 732.3 1940 1941 1942 1943 1944 81.1 104.3 137.6 171.4 184.3 52.2 64.8 85.3 109.6 121.3 49.9 62.1 82.1 105.8 116.7 2.3 2.7 3.2 3.8 4.5 4.5 6.4 10.1 12.0 12.0 8.4 10.9 14.0 17.0 18.3 3.4 4.0 5.0 5.6 5.9 9.5 15.0 20.0 24.5 24.6 -.2 -2.5 -1.2 -.8 -.3 -.8 -.9 -.8 -.3 .4 10.4 18.3 22.0 25.6 24.5 7.6 10.7 10.6 11.5 11.5 3.2 3.2 3.1 2.7 2.3 78.6 96.3 123.8 152.4 166.3 1.9 2.5 5.1 17.0 18.0 76.7 93.8 118.7 135.4 148.3 72.2 82.1 89.7 100.4 109.3 4.5 11.7 29.0 34.9 39.0 5.9 12.4 24.4 25.8 26.3 781.1 899.0 1,012.4 1,057.9 1,096.1 1945 1946 1947 1948 1949 183.3 182.3 198.6 223.3 216.7 123.3 119.6 130.1 142.0 142.0 117.5 112.0 123.1 135.5 134.7 5.8 7.6 7.0 6.5 7.2 12.4 14.8 15.1 17.5 12.7 19.3 21.7 20.5 22.9 23.1 6.1 7.0 7.0 7.6 7.8 20.1 17.4 23.5 30.8 28.6 -.6 -5.3 -5.9 -2.2 1.9 .7 -2.3 -2.5 -2.9 -2.9 20.0 24.9 31.9 35.9 29.6 9.3 15.8 20.7 23.5 19.4 2.1 1.8 2.4 2.4 2.6 171.9 179.5 192.1 211.1 208.2 19.8 17.5 20.1 19.6 17.1 152.1 162.0 172.1 191.6 191.1 120.8 145.6 164.0 177.5 181.1 31.4 16.3 8.1 14.1 10.0 20.6 10.1 4.7 7.3 5.2 1,081.5 1,074.4 1,035.2 1,090.0 1,095.6 1950 1951 1952 1953 1954 241.0 278.7 293.3 308.2 308.4 155.4 181.5 196.3 210.3 209.3 147.2 171.6 185.6 199.0 197.2 8.1 9.9 10.7 11.4 12.0 13.5 16.0 15.1 13.0 12.5 25.1 27.8 29.2 30.3 31.0 8.7 9.5 10.5 11.5 12.5 35.4 40.4 38.4 38.7 37.9 -5.0 -1.2 1.0 -1.0 -.3 -2.9 -3.2 -2.8 -2.0 -1.1 43.2 44.8 40.2 41.7 39.3 25.3 222 20.8 21.4 21.7 3.0 3.5 3.8 4.4 5.3 229.9 258.7 276.1 292.6 295.2 19.3 27.5 32.5 33.8 30.7 210.6 231.2 243.6 258.8 264.5 195.4 211.5 223.0 237.5 244.8 15.2 19.7 20.6 21.3 19.8 7.2 8.5 8.5 8.2 7.5 1,192.7 1,227.0 1,266.8 1,327.5 1,344.0 1955 1956 1957 1958 1959 338.5 358.7 375.0 377.3 411.5 225.8 244.6 257.6 259.6 281.0 212.1 229.0 239.9 241.3 259.8 13.7 15.6 17.7 18.3 21.2 11.5 11.3 11.3 13.1 10.9 34.0 35.7 37.7 38.3 40.9 12.8 13.1 13.8 14.5 15.2 48.5 47.4 47.0 42.4 53.7 -1.7 -2.7 -1.5 -.3 -.3 .3 -.4 -.5 -.3 .3 49.9 50.5 49.1 43.0 53.7 27.8 28.5 27.7 24.0 30.0 6.0 6.6 7.7 9.4 9.7 316.8 340.0 359.3 370.0 394.0 33.4 37.2 39.6 39.2 42.8 283.4 302.8 319.7 330.8 351.2 263.8 277.4 292.9 302.6 324.7 19.5 25.4 26.8 28.2 26.5 6.9 8.4 8.4 8.5 7.6 1,433.8 1,502.3 1,539.5 1,553.7 1,623.8 1960 1961 1962 1963 1964 427.5 442.5 477.1 504.4 542.1 296.4 305.3 327.2 345.3 370.7 272.8 280.5 299.3 314.8 337.7 23.6 24.8 27.9 30.4 33.0 11.4 12.1 12.1 11.9 10.8 40.4 42.3 44.4 45.8 49.9 16.2 16.9 17.8 18.5 18.6 52.3 53.5 61.6 67.6 74.8 -.2 .3 0 .1 -.5 1.0 1.7 4.6 5.6 6.4 51.5 51.5 56.9 61.9 68.9 28.8 28.7 32.9 35.7 40.9 10.7 12.4 14.1 15.2 17.3 412.7 430.3 457.9 481.0 515.8 46.6 47.9 52.3 55.3 52.8 366.2 382.4 405.6 425.8 463.0 339.8 350.5 372.2 392.7 422.4 26.4 31.9 33.5 33.1 40.5 7.2 8.3 8.3 7.8 8.8 1,664.8 1,720.0 1,803.5 1,871.5 2,006.9 1965 1966 1967 1968 1969 589.6 646.7 681.7 743.6 802.7 399.5 442.6 475.2 524.3 577.6 363.7 400.3 428.9 471.9 518.3 35.8 42.4 46.2 52.4 59.4 13.1 14.1 12.8 12.8 14.2 52.2 55.5 58.4 62.6 64.7 19.2 19.9 20.4 20.2 20.3 86.0 92.0 89.6 96.5 93.7 -1.2 -2.1 -1.6 -3.7 -5.9 7.2 7.6 7.9 8.0 8.5 80.0 86.5 83.3 92.2 91.1 49.1 52.8 50.6 52.8 51.4 19.7 22.6 25.4 27.2 32.2 557.4 606.4 650.4 714.5 780.8 58.4 67.3 74.2 88.3 105.9 498.9 539.1 576.2 626.2 675.0 456.2 494.6 522.3 573.6 622.3 42.7 44.5 54.0 52.7 52.6 8.6 8.3 9.4 8.4 7.8 2,131.0 2,244.6 2,340.5 2,448.2 2,524.3 1970 1971 1972 1973 1974 837.5 903.9 1,000.4 1,127.4 1,211.9 617.2 658.8 725.1 811.2 890.2 551.5 584.5 638.7 708.6 772.2 65.7 74.4 86.5 102.6 118.0 14.3 14.9 18.8 30.7 25.2 65.5 71.2 78.9 84.5 90.3 20.3 21.2 21.6 23.1 23.0 81.6 95.1 109.8 123.9 114.5 -6.6 -4.6 -6.6 -19.6 -38.2 7.6 7.3 9.0 9.4 5.9 80.6 92.4 107.3 134.2 146.8 46.2 54.7 65.5 84.9 95.0 38.4 42.6 46.2 53.9 68.8 841.1 905.1 994.3 1,113.4 1,225.6 104.6 103.4 125.6 134.5 153.3 736.5 801.7 868.6 979.0 1,072.3 667.0 721.6 791.7 876.5 957.9 69.5 80.1 76.9 102.5 114.3 9.4 10.0 8.9 10.5 10.7 2,630.0 2,745.3 2,874.3 3,072.3 3,051.9 1975 1976 1977 1978 1979 1,302.2 1,456.4 1,635.8 1,860.2 2,075.6 949.0 1,059.3 1,180.4 1,336.0 1,500.8 814.7 899.6 994.0 1,121.0 1,255.6 134.4 159.7 186.4 215.0 245.2 23.5 18.7 17.5 21.5 23.7 98.1 115.6 130.8 148.5 160.0 22.0 21.5 20.4 22.4 24.5 133.0 160.6 190.9 217.2 222.5 -10.5 -14.1 -15.7 -23.7 -40.1 -1.2 -4.0 -2.4 -4.0 -7.4 144.8 178.6 209.0 244.9 270.1 93.9 114.4 136.0 161.4 182.1 76.6 80.8 95.7 114.5 144.2 1,331.7 1,475.4 1,637.1 1,848.3 2,081.5 150.3 175.5 201.2 233.5 273.3 1,181.4 1,299.9 1,436.0 1,614.8 1,808.2 1,056.2 1,177.8 1,310.4 1,469.4 1,642.4 125.2 122.1 125.6 145.4 165.8 10.6 9.4 8.7 9.0 9.2 3,108.5 3,243.5 3,360.7 3,527.5 3,628.6 1980 1981 1982 1983 1984 2,243.0 2,497.1 2,603.0 2,796.5 3,162.3 1,651.7 1,825.7 1,926.0 2,042.7 2,255.9 1,377.4 1,517.3 1,593.4 1,684.3 1,854.8 274.3 308.5 332.6 358.5 401.1 13.1 20.3 14.4 7.2 21.6 164.5 165.9 165.4 188.3 225.9 31.3 39.6 39.6 36.9 39.5 198.5 219.0 201.2 254.1 309.8 -42.1 -24.6 -7.5 -7.4 -4.0 -10.8 2.7 13.3 30.2 47.7 251.4 240.9 195.5 231.4 266.0 166.6 159.8 132.4 154.1 172.0 183.9 226.5 256.3 267.2 309.6 2,323.9 2,599.4 2,768.4 2,946.9 3,274.8 304.2 351.5 361.6 360.9 387.2 2,019.8 2,247.9 2,406.8 2,586.0 2,887.6 1,814.1 2,004.2 2,144.6 2,358.2 2,581.1 205.6 243.7 262.2 227.8 306.5 10.2 10.8 10.9 8.8 10.6 3,658.0 3,741.1 3,791.7 3,906.9 4,207.6 1985 1986 1987 1988 1989 3,380.4 3,525.8 3,803.4 4,151.1 4,392.1 2,425.2 2,570.7 2,755.6 2,973.8 3,151.0 1,995.2 2,114.4 2,270.2 2,452.7 2,596.8 430.0 456.3 485.4 521.1 554.2 21.5 23.0 29.0 26.0 32.2 245.5 255.6 274.8 312.7 329.6 39.1 32.2 35.8 44.1 40.5 322.4 300.7 346.6 405.0 395.7 0 7.1 -16.2 -22.2 -16.3 67.2 50.3 48.2 45.3 35.3 255.2 243.4 314.6 381.9 376.7 158.7 136.9 187.5 244.8 235.3 326.7 343.6 361.5 389.4 443.1 3,515.0 3,712.4 3,962.5 4,272.1 4,599.8 428.5 449.9 503.0 519.7 583.5 3,086.5 3,262.5 3,459.5 3,752.4 4,016.3 2,803.9 2,994.7 3,206.7 3,460.1 3,714.4 282.6 267.8 252.8 292.3 301.8 9.2 8.2 7.3 7.8 7.5 4,347.8 4,486.6 4,582.5 4,784.1 4,906.5 1990 1991 1992 1993 1994 4,642.1 4,756.6 4,994.9 5,251.9 5,556.8 3,351.0 3,454.9 3,644.8 3,814.4 4,016.2 2,754.6 2,824.2 2,966.8 3,091.6 3,254.3 596.4 630.7 677.9 722.8 761.9 31.1 26.4 32.7 30.1 31.9 349.9 357.8 401.7 431.7 444.6 49.1 56.4 63.3 90.9 110.3 408.6 431.2 453.1 510.5 573.2 -12.9 4.9 -2.8 -4.0 -12.4 19.9 10.2 4.3 4.1 12.2 401.5 416.1 451.6 510.4 573.4 260.9 282.6 308.4 345.0 386.7 452.4 429.8 399.5 374.3 380.5 4,903.2 5,085.4 5,390.4 5,610.0 5,888.0 609.6 610.5 635.8 674.6 722.6 4,293.6 4,474.8 4,754.6 4,935.3 5,165.4 3,959.3 4,103.2 4,340.9 4,584.5 4,849.9 334.3 371.7 413.7 350.8 315.5 7.8 8.3 8.7 7.1 6.1 5,014.2 5,033.0 5,189.3 5,261.3 5,397.2 1995 1996 1997 1998 1999 5,876.7 6,210.4 6,618.4 7,038.1 7,469.7 4,202.5 4,395.6 4,651.3 4,984.2 5,299.8 3,441.1 3,630.1 3,886.0 4,192.8 4,475.1 761.4 765.4 765.3 791.4 824.6 22.2 34.3 29.7 25.4 25.3 475.5 510.5 551.5 595.2 638.2 117.9 129.7 128.3 135.4 143.4 668.8 754.0 833.8 815.0 856.0 -18.3 3.1 8.4 17.0 -9.1 18.6 24.6 32.9 39.9 42.1 668.5 726.3 792.4 758.2 823.0 457.5 502.7 555.2 513.6 567.1 389.8 386.3 423.9 482.7 507.1 6,200.9 6,547.4 6,937.0 7,391.0 7,789.6 778.3 869.7 968.8 1,070.9 1,152.0 5,422.6 5,677.7 5,968.2 6,320.0 6,637.7 5,120.2 5,405.6 5,715.3 6,054.7 6,490.1 302.4 272.1 252.9 265.4 147.6 5.6 4.8 4.2 4.2 2.2 5,539,1 5,677.7 5,854.5 6,134.1 6,331.0 1946' I II Ill IV .... 1724 179.0 186.3 191.5 1152 117.5 121.4 124.4 107.7 109.6 113.5 117.2 7.5 8.0 7.8 7.2 13.0 13.6 16.1 16.6 21.1 22.1 22.2 21.3 7.4 7.0 6.8 6.8 14.0 17.0 18.0 20.5 -1.2 -2.8 -8.1 --8.9 -1.8 -2.1 -2.5 -2.9 17.0 21.9 28.6 32.3 10.8 13.9 18.1 20.5 1.7 1.8 1.8 1.9 1724 176.9 182.7 185.9 163 17.6 18.1 18.0 156 0 159.3 164.6 167.9 1361 141.5 150.3 154.7 200 17.9 14.2 13.2 128 11.2 8.7 7.9 1947:1 II Ill IV .... 194.2 195.4 198.5 206.1 127.2 128.7 130.1 134.3 119.7 121.5 123.4 127.8 7.5 7.2 6.6 6.5 16.7 13.2 14.8 15.7 20.7 20.3 20.2 20.9 6.8 6.9 7.1 7.3 20.5 23.9 24.0 25.6 -9.7 -4.7 -4.0 -5.2 -2.6 -2.3 -2.6 -2.6 32.8 31.0 30.6 33.5 21.2 20.0 19.8 21.7 2.4 2.4 2.4 2.3 188.5 186.8 194.9 198.3 19.4 19.8 20.0 21.1 169.1 167.1 174.9 177.2 158.2 162.1 165.8 169.9 10.9 5.0 9.1 7.3 6.4 3.0 5.2 4.1 1,040.6 1,019.2 1,046.6 1,034.5 1948: I II Ill IV .... 215.4 222.6 227.0 228.4 138.0 139.7 144.5 146.0 131.4 133.2 138.1 139.5 6.6 6.5 6.5 6.5 15.7 18.8 18.5 16.9 22.1 22.8 23.3 23.5 7.5 7.6 7.7 7.8 29.6 31.3 30.5 31.9 -2.9 -2.9 -2.8 -.1 -2.6 -2.8 -3.1 ^3.2 35.1 36.9 36.3 35.2 22.9 24.1 23.8 23.0 2.5 2.4 2.4 2.4 204.3 209.7 215.3 215.3 21.5 19.3 18.6 18.8 182.8 190.4 196.7 196.5 172.9 176.8 179.7 180.6 9.8 13.6 17.0 15.9 5.4 7.2 8.6 8.1 1,055.3 1,087.7 1,107.1 1,109.8 See footnotes at the end of the table. 137 August 2000 SURVEY OF CURRENT BUSINESS Table 4.—National Income and Disposition of Personal Income—Continued [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Compensation of employees Year and quarter National income Total Wage and salary accruals Supplements to w r Proprietors' income with IVA and CCAdj. Farm Nonfarm Rental income of persons with CCAdj. Corporate profits with IVA and CCAdj. Total IVA CCAdj. Profits before tax Profits after tax Net interest Personal income Less: Personal tax and nontax payments Equals: DPI Less: Personal outlays Equals: Personal saving Saving as a percentage of DPI Real DPI 1 salaries 1949:1 II Ill IV .... 221.2 216.3 216.3 213.1 144.2 142.0 141.1 140.5 136.9 134.6 133.9 133.4 7.2 7.4 7.2 7.1 13.3 12.7 12.1 12.4 23.0 23.1 23.0 23.2 7.6 7.7 7.9 8.1 30.5 28.2 29.4 26.2 1.4 2.8 3.0 .2 -2.9 -2.9 -2.9 -2.8 32.1 28.3 29.3 28.8 21.0 18.6 19.2 18.8 2.5 2.6 2.7 2.7 209.3 208.0 207.2 208.3 18.2 17.4 16.7 16.2 191.2 190.6 190.5 192.1 179.4 181.1 180.6 183.2 11.7 1950:1 222.2 232.7 248.3 260.7 144.7 150.7 159.1 167.0 137.1 142.9 150.8 158.3 7.6 7.9 8.3 8.8 12.8 12.8 13.7 14.9 23.9 24.5 26.0 25.9 8.4 8.6 8.7 9.0 29.6 33.2 37.8 40.9 -.7 -3.3 -7.3 -8.5 -2.6 -2.8 -2.8 -3.3 33.0 39.4 47.9 52.7 19.3 23.1 28.0 30.8 2.9 2.9 3.0 3.1 222.6 223.2 232.1 241.8 17.0 18.0 19.3 22.9 205.6 205.3 212.8 218.8 186.1 190.1 203.9 201.4 19.5 15.2 175.1 180.7 183.9 186.6 165.5 170.8 173.8 176.2 9.6 9.9 10.0 10.3 15.7 15.9 15.9 16.6 27.4 27.5 28.0 28.4 9.1 9.4 9.6 9.9 39.7 39.8 40.4 41.7 -8.7 -1.0 IV ...k 270.2 276.6 281.4 286.7 -3.5 -3.3 -3.1 -3.0 51.9 44.1 40.1 43.2 25.6 21.8 19.9 .21.6 3.3 3.4 3.6 3.6 250.4 257.3 260.9 266.3 24.9 26.8 28.2 30.1 225.5 230.5 232.7 236.2 212.5 208.1 210.8 214.8 1952:1 II Ill IV .... 287.6 288.2 293.5 303.7 191.6 192.9 196.4 204.3 181.2 182.4 185.7 193.3 10.4 10.5 10.7 11.0 14.7 15.3 16.7 13.7 28.6 29.0 29.3 30.0 10.1 10.4 10.6 10.9 39.0 36.9 36.7 40.9 1.3 1.2 .7 ^3.1 -3.0 -2.7 -2.6 40.7 38.7 38.8 42.7 20.9 20.0 20.2 22.2 3.6 3.7 3.8 3.9 268.5 272.1 278.9 284.9 31.3 32.3 32.7 33.5 237.1 239.8 246.1 251.4 1953:1 309.0 311.4 309.9 302.6 208.1 211.5 211.6 210.1 196.9 200.1 200.3 198.7 11.2 11.4 11.4 11.5 13.5 13.1 12.4 12.8 30.5 30.3 30.2 30.3 11.2 11.4 11.6 11.9 41.6 40.8 39.6 32.7 -1.6 -2.0 -2.5 -2.2 -2.0 -1.4 44.5 44.6 43.6 34.1 22.9 22.8 22.3 17.5 4.2 4.3 4.4 4.8 289.5 293.6 293.6 293.7 33.9 33.9 33.7 33.5 304.3 304.5 308.0 316.8 208.2 207.8 208.4 212.7 196.4 195.9 196.3 200.3 11.9 11.9 12.1 12.4 13.6 12.0 12.5 11.9 30.2 30.8 31.0 32.0 12.2 12.4 12.5 12.7 35.1 36.3 38.2 41.9 0 0 -.7 -.5 -1.4 -1.3 -1.1 -.7 36.5 37.7 40.0 43.1 20.1 20.8 22.1 23.8 5.0 5.1 5.3 5.6 293.2 292.3 294.7 300.7 m'Z 217.2 223.7 228.7 233.7 204.2 210.3 214.6 219.4 13.0 13.4 14.0 14.3 12.0 11.8 11.3 10.8 33.0 33.6 34.4 35.0 12.7 12.7 12.8 12.9 47.0 48.3 48.8 49.9 -1.1 IV .... 327.7 336.1 342.1 348.3 -.2 .2 .8 .5 48.3 49.0 50.1 52.1 27.0 27.4 28.0 29.1 5.8 6.0 6.1 6.0 1956:1 II Ill IV .... 351.0 356.7 360.0 367.0 238.2 242.8 245.9 251.7 223.3 227.5 229.9 235.3 14.9 15.3 16.0 16.4 10.6 11.1 11.8 11.6 35.1 35.5 35.8 36.4 13.0 13.0 13.2 13.3 47.7 47.6 46.7 47.4 -2.9 -3.6 -1.2 -3.0 .4 -.1 -.8 -1.1 50.3 51.4 48.7 51.5 28.2 28.9 27.6 29.2 1957:1 II Ill IV .... 373.0 375.0 378.8 373.4 255.4 257.1 259.8 258.3 238.2 239.6 241.8 240.1 17.2 17.5 18.0 18.2 10.4 11.0 11.8 11.9 37.3 37.6 38.1 37.8 13.5 13.7 13.8 14.0 49.1 48.0 47.4 43.5 -2.4 -1.5 -1.3 -.9 -.8 -.6 -.4 -.4 52.3 50.1 49.1 44.8 1958:1 II Ill IV .... 367.9 368.8 379.7 392.6 255.3 254.9 261.0 267.3 237.3 236.9 242.6 248.4 18.0 18.0 18.4 18.9 13.4 13.3 13.0 12.6 37.7 38.0 38.5 39.2 14.3 14.4 14.5 14.6 38.4 38.9 43.1 49.1 -.2 .3 -.2 -.9 .1 -.6 -.6 -.3 1959:1 402.7 416.0 411.4 415.8 274.4 281.7 282.4 285.7 254.0 260.5 260.9 263.9 20.5 21.1 21.5 21.8 11.7 10.8 10.3 10.9 39.9 41.1 41.4 41.0 14.6 15.1 15.5 15.7 52.7 57.6 52.1 52.4 -.6 -.3 .8 427.9 427.6 428.2 426.5 294.1 296.9 297.7 297.1 270.7 273.4 273.9 273.3 23.4 23.6 23.7 23.8 10.3 11.3 11.8 12.4 40.8 40.6 40.2 40.1 16.0 16.1 16.3 16.5 56.4 52.4 51.4 49.2 427.9 437.2 446.0 458.8 298.0 302.2 307.2 313.9 273.7 277.6 282.2 288.4 24.3 24.6 25.0 25.5 12.3 11.5 11.9 12.6 41.2 42.0 42.6 43.3 16.7 16.8 17.0 17.3 IV .... 467.8 474.4 479.8 486.6 320.4 326.4 329.2 332.7 293.2 298.7 301.1 304.2 27.2 27.7 28.1 28.5 12.2 11.8 11.9 12.3 43.7 44.3 44.8 44.7 1963:1 II Ill IV .... 491.5 500.3 508.1 517.7 337.5 342.4 347.5 353.6 307.9 312.3 316.8 322.2 29.6 30.1 30.7 31.4 12.1 11.7 11.7 12.3 1964:1 II Ill IV .... 529.1 537.3 547.7 554.4 360.0 367.4 374.7 380.7 328.2 334.8 341.4 346.7 31.9 32.6 33.3 34.0 1965:1 II Ill IV .... 570.9 582.1 593.6 611.6 387.3 394.2 402.3 414.2 352.8 358.8 366.2 377.1 1966:1 II Ill IV .... 631.8 640.4 651.5 663.0 426.7 437.8 448.9 457.1 1967:1 II Ill IV .... 667.7 672.8 686.1 700.0 1968:1 II Ill IV .... 717.8 736.5 752.8 767.5 II III " I IV .... 1951:1 H III "Z II III IV .... 1954:1 II III IV .... 1955:1 II II III IV .... 1960:1 || III IV .... 1961:1 II in";;;; IV .... 1962:1 H HI 6.1 5.0 5.2 4.6 1,087.8 1,091.3 1,096.8 1,106.3 17.4 9.5 7.4 4.2 8.0 1,186.1 1,178.1 1,196.5 1,210.0 13.0 22.4 22.0 21.5 5.8 9.7 9.4 9.1 1,207.9 1,225.8 1,235.8 1,238.5 216.3 220.6 223.3 231.7 20.9 19.2 22.8 19.6 8.8 8.0 9.3 7.8 1,238.5 1,252.0 1,276.1 1,300.5 255.6 259.6 259.9 260.2 235.6 237.7 238.6 238.1 20.0 22.0 21.3 22.1 7.8 8.5 8.2 8.5 1,317.5 1,336.3 1,330.2 1,325.9 30.7 30.5 30.6 31.0 262.5 261.8 264.2 269.7 240.2 243.0 245.7 250.3 22.3 18.8 18.5 19.4 8.5 7.2 7.0 7.2 1,330.3 1,327.9 1,344.2 1,373.6 306.3 313.6 321.1 326.1 31.9 33.0 33.9 34.8 274.3 280.6 287.2 291.4 256.6 261.9 266.3 270.5 17.7 18.7 20.9 20.9 6.5 6.7 7.3 7.2 1,392.7 1,423.3 1,451.1 1,468.1 6.3 6.6 6.7 6.6 331.1 337.3 342.2 349.5 35.9 36.8 37.5 38.5 295.1 300.5 304.7 311.0 272.3 275.1 278.4 283.9 22.8 25.3 26.2 27.1 7.7 8.4 8.6 8.7 1,480.9 1,497.8 1,504.1 1,526.5 29.5 28.2 27.6 25.3 7.2 7.5 8.0 8.0 353.3 358.0 362.9 363.0 39.2 39.6 39.9 39.5 314.0 318.4 323.0 323.5 288.4 290.7 295.4 297.2 25.6 27.6 27.6 26.3 8.2 8.7 8.5 8.1 1,527.5 1,538.6 1,548.7 1,543.1 38.5 39.2 43.9 50.2 21.6 22.0 24.5 27.9 8.8 9.3 9.6 9.8 362.5 364.8 373.9 378.9 38.9 38.4 39.6 40.0 323.6 326.4 334.2 338.9 296.9 299.8 304.8 308.8 26.8 26.6 29.4 30.1 8.3 8.2 8.8 8.9 1,524.7 1,534.1 1,568.1 1,588.0 0 .5 .2 .4 53.3 58.1 52.2 51.1 29.8 32.5 29.2 28.6 9.4 9.7 9.8 10.1 384.8 393.7 395.9 401.6 41.2 42.4 43.1 44.2 343.6 351.3 352.8 357.4 316.6 322.9 328.4 330.9 26.9 28.4 24.3 26.5 7.8 8.1 6.9 7.4 1,599.5 1,629.6 1,627.0 1,639.2 -.9 -.6 .5 .3 .7 .8 1.0 1.2 56.5 52.1 49.8 47.7 31.5 29.2 27.9 26.9 10.4 10.3 10.8 11.2 407.8 412.4 414.6 416.2 45.8 46.5 47.0 47.0 362.0 365.9 367.6 369.2 334.6 340.7 340.9 343.0 27.4 25.2 26.7 26.3 7.6 6.9 7.3 7.1 1,657.7 1,666.5 1,667.7 1,667.2 48.2 52.5 54.7 58.5 -.1 1.0 .3 -.2 1.5 1.8 1.8 1.8 46.8 49.6 52.6 56.9 26.2 27.7 29.3 31.6 11.6 12.2 12.6 13.3 420.0 425.9 433.1 442.0 47.1 47.6 48.1 48.8 372.9 378.4 385.1 393.2 343.5 348.4 351.4 358.8 29.5 30.0 33.7 34.4 7.9 7.9 8.7 8.8 1,680.6 1,705.4 1,729.4 1,764.4 17.5 17.7 18.0 18.1 60.9 60.2 61.4 63.7 .4 -.1 -.8 .5 4.5 4.6 4.7 4.8 56.0 55.7 57.5 58.4 32.2 32.2 33.2 34.0 13.0 14.0 14.5 15.0 448.0 455.8 461.0 466.7 50.1 51.6 53.0 54.3 397.9 404.2 408.0 412.4 364.0 369.9 374.1 380.6 33.9 34.3 33.9 31.8 8.5 8.5 8.3 7.7 1,777.9 1,799.3 1,811.4 1,825.5 44.9 45.4 46.1 47.0 18.3 18.5 18.6 18.6 64.0 67.4 68.8 70.4 1.0 .2 -.2 -.8 5.0 5.6 5.8 6.2 58.0 61.6 63.2 64.9 33.6 35.5 36.4 37.4 14.7 14.9 15.4 15.9 471.4 476.3 483.6 492.9 54.8 55.0 55.3 55.9 416.6 421.3 428.3 437.0 384.5 388.8 396.2 401.1 32.1 32.5 32.1 35.8 7.7 7.7 7.5 8.2 1,838.9 1,857.2 1,879.2 1,910.5 10.8 10.1 10.4 11.8 48.5 49.8 50.6 50.6 18.6 18.5 18.6 18.6 74.6 74.5 75.6 74.7 -.2 -.1 -.9 -.7 6.5 6.3 6.5 6.3 68.4 68.3 70.0 69.0 40.6 40.5 41.6 41.1 16.5 17.1 17.8 18.0 502.0 510.8 520.7 529.7 54.5 50.5 52.4 54.0 447.5 460.3 468.3 475.7 410.8 419.1 428.4 431.3 36.7 41.2 39.9 44.4 8.2 8.9 8.5 9.3 1,947.6 1,999.4 2,027.8 2,052.6 34.6 35.3 36.2 37.1 12.0 12.8 13.3 14.0 51.0 51.7 52.3 53.7 18.9 19.1 19.4 19.4 82.7 84.8 86.1 90.2 -.4 -1.1 -1.5 -1.9 6.9 7.2 7.6 7.3 76.2 78.8 80.0 84.8 46.8 48.5 49.1 51.9 19.0 19.5 20.1 20.1 539.6 549.2 563.6 577.1 57.7 59.2 57.8 59.1 481.9 490.1 505.8 518.0 442.2 449.8 459.3 473.6 39.6 40.3 46.5 44.5 8.2 8.2 9.2 8.6 2,071.8 2,096.4 2,155.3 2,200.4 385.7 395.9 406.1 413.4 41.0 41.9 42.8 43.7 15.7 13.5 13.5 13.7 54.9 55.1 55.6 56.3 19.8 19.8 20.1 20.1 93.4 92.2 90.5 91.7 -1.2 -2.7 -3.6 -1.0 7.5 7.6 7.6 7.7 87.1 87.3 86.6 84.9 53.1 53.3 52.9 51.9 21.3 22.1 22.9 24.0 589.0 598.7 612.3 625.7 62.4 66.5 68.9 71.6 526.6 532.2 543.4 554.1 484.3 489.8 499.1 505.1 42.3 42.4 44.3 49.0 8.0 8.0 8.2 8.8 2,219.3 2,224.6 2,254.0 2,280.5 463.3 469.0 478.7 489.6 418.8 423.5 431.9 441.5 44.5 45.5 46.7 48.1 13.2 12.3 13.0 12.5 57.3 57.9 59.2 59.1 20.3 20.4 20.5 20.4 89.0 87.9 89.2 92.3 -.4 -1.3 -1.7 -2.8 7.6 7.7 8.1 8.1 81.8 81.5 82.8 87.1 49.6 49.6 50.6 52.9 24.5 25.3 25.6 26.1 635.7 642.5 656.0 667.2 72.3 72.1 75.1 77.2 563.4 570.4 581.0 590.1 509.6 519.2 526.3 533.9 53.8 51.2 54.7 56.1 9.6 9.0 9.4 9.5 2,312.6 2,329.9 2,351.4 2,367.9 504.5 517.6 531.4 543.9 454.1 465.9 478.3 489.3 50.3 51.7 53.1 54.5 12.6 12.3 13.0 13.3 60.6 62.3 63.6 64.0 20.2 20.2 20.3 20.1 93.3 97.1 97.2 98.5 8.1 8.1 8.0 7.8 89.9 91.9 92.2 94.7 51.5 52.6 52.8 54.3 26.6 27.1 27.3 27.8 686.8 706.5 724.7 739.9 79.8 82.9 93.1 97.1 607.0 623.5 631.5 642.8 552.2 566.5 583.2 592.4 54.8 57.1 48.3 50.4 9.0 9.2 7.7 7.8 2,409.5 2,451.2 2,457.9 2,474.3 See footnotes at the end of the table. 3.5 1.5 .8 -.4 0 -.9 -2.2 -2.8 -1.0 -4.7 -2.9 -3.0 ^.1 9.5 9.9 8.9 8.8 138 • August 2000 SURVEY OF CURRENT BUSINESS Table 4.—National Income and Disposition of Personal Income—Continued [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Compensation of employees Year and quarter National income Total Wage and salary accruals Supplements to wages and salaries Proprietors' income with IVA and CCAdj. Farm Nonfarm Rental income of persons with CCAdj. Corporate profits with IVA and CCAdj. Total IVA CCAdj. Profits before tax Profits after tax Net interest Personal income Less: Personal tax and nontax payments Equals: DPI Less: Personal outlays Equals: Personal saving Saving as a percentaaeof DPI Real DPI 1 1969:1 II III IV .... 782.4 796.1 812.4 819.7 556.0 569.8 586.5 598.2 499.0 511.3 526.3 536.4 57.0 58.5 60.2 61.8 12.8 13.9 14.5 15.4 64.7 65.0 65.1 64.0 20.3 20.3 20.4 20.3 98.5 95.5 92.9 88.0 -4.9 -5.2 -4.9 -6.4 8.4 8.5 8.6 8.4 95.0 92.2 89.2 87.9 53.7 52.0 50.4 49.4 30.1 31.6 33.0 33.9 753.8 771.7 791.7 806.2 103.9 107.0 105.5 107.1 649.9 664.7 686.1 699.1 604.9 616.9 627.6 639.9 45.0 47.8 58.6 59.2 6.9 7.2 8.5 8.5 2,477.5 2,501.5 2,550.2 2,568.1 1970:1 II Ill IV .... 823.7 833.8 846.7 845.7 608.5 614.0 622.1 624.1 545.0 549.0 555.6 556.3 63.5 65.0 66.5 67.9 15.1 13.8 14.5 13.9 64.2 64.7 65.9 67.1 20.2 19.9 20.5 20.7 80.3 83.9 83.7 78.7 -8.8 -4.6 -6.2 -6.6 8.1 7.6 7.4 7.2 81.0 80.8 82.5 78.0 46.8 46.6 47.2 44.3 35.4 37.4 39.8 41.2 817.1 838.3 850.5 858.5 106.0 107.0 102.2 103.1 711.1 731.2 748.3 755.4 651.4 661.8 674.0 680.8 59.6 69.5 74.3 74.6 8.4 9.5 9.9 9.9 2,581.9 2,626.0 2,661.1 2,650.9 1971: I II Ill IV .... 878.7 896.4 910.6 929.9 641.6 653.6 663.9 676.3 570.1 580.2 588.6 598.9 71.5 73.5 75.3 77.4 14.4 14.8 14.5 16.0 68.1 70.3 72.1 74.1 20.6 21.1 21.3 21.6 91.8 93.8 95.9 99.1 -3.6 -4.7 -5.6 -4.5 7.0 7.3 7.5 7.4 88.4 91.2 94.1 96.1 51.0 53.0 56.6 58.2 42.1 42.8 42.8 42.8 877.6 900.2 912.8 929.8 99.9 102.4 104.0 107.2 777.6 797.9 808.8 822.5 700.2 714.6 727.4 744.2 77.4 83.3 81.4 78.4 10.0 10.4 10.1 9.5 2,703.5 2,742.6 2,752.9 2,782.1 1972:1 II Ill IV .... 961.4 979.0 1,009.4 1,051.8 701.0 715.8 729.7 754.0 617.8 630.4 642.3 664.2 83.2 85.4 87.4 89.8 15.0 17.2 19.7 23.1 75.5 76.5 79.3 84.2 21.9 19.1 22.7 22.8 104.5 105.6 110.7 118.2 -5.8 -5.8 -5.8 -9.0 8.4 8.3 9.4 10.1 102.0 103.1 107.2 117.1 62.0 62.9 65.6 71.4 43.5 44.7 47.2 49.5 957.6 974.0 1,000.9 1,044.5 121.7 125.4 126.3 129.2 835.9 848.7 874.6 915.3 761.9 780.6 799.4 825.0 74.1 68.0 75.1 90.3 8.9 8.0 8.6 9.9 2,797.6 2,822.9 2,883.6 2,993.0 1973:1 II Ill IV .... 1,087.9 1,110.2 1,136.7 1,174.9 781.6 800.9 819.8 842.5 683.2 700.0 716.1 735.3 98.4 101.0 103.7 107.3 23.2 28.8 31.5 39.3 84.5 83.6 84.7 85.3 23.2 23.3 22.5 23.5 125.4 122.1 122.6 125.7 -15.8 -21.1 -18.7 -22.7 9.9 9.1 8.7 9.7 131.4 134.0 132.6 138.7 82.3 84.4 84.6 88.3 49.9 51.5 55.5 58.7 1,067.1 1,096.8 1,125.5 1,164.4 128.5 131.2 136.1 142.0 938.6 965.6 989.4 1,022.4 850.4 866.4 886.0 903.1 88.3 99.1 103.4 119.3 9.4 10.3 10.5 11.7 3,031.9 3,059.6 3,079.3 3,118.3 1974: I II Ill IV .... 1,184.2 1,199.9 1,224.8 1,238.8 860.5 881.3 903.1 915.9 748.1 765.2 783.0 792.4 112.4 116.2 120.1 123.5 30.7 21.8 22.9 25.2 87.8 89.5 92.3 91.7 23.5 22.8 23.0 22.7 118.6 117.0 113.2 109.0 -51.8 -36.7 -50.0 -64.4 8.8 7.3 5.5 2.1 141.6 146.5 157.8 141.2 92.8 95.1 101.2 90.9 63.0 67.5 70.3 74.4 1,182.0 1,207.8 1,244.4 1,268.2 145.0 151.2 157.3 160.0 1,037.0 1,056.6 1,087.2 1,108.2 920.5 949.0 977.2 985.0 116.6 107.6 109.9 123.2 11.2 10.2 10.1 11.1 3,072.1 3,045.5 3,053.3 3,036.7 1975:1 II Ill IV .... 1,243.7 1,270.8 1,326.8 1,367.6 919.2 931.7 957.7 987.6 791.8 800.2 821.2 845.6 127.4 131.5 136.5 141.9 20.9 21.7 25.6 25.8 94.1 95.8 99.3 103.2 22.3 22.1 22.0 21.7 110.9 123.6 145.4 152.2 -12.4 -7.0 -11.7 -11.1 .3 -.9 -1.7 -2.7 122.9 131.4 158.9 166.0 80.0 85.3 102.3 108.1 76.4 75.8 76.8 77.3 1,281.0 1,310.9 1,348.4 1,386.5 160.5 123.7 155.6 161.4 1,120.5 1,187.1 1,192.9 1,225.1 1,010.1 1,039.1 1,073.2 1,102.3 110.4 148.1 119.7 122.8 9,9 12.5 10.0 10.0 3,015.0 3,156.6 3,114.9 3,147.6 1976:1 II Ill IV .... 1,416.0 1,438.3 1,469.3 1,501.8 1,022.3 1,045.9 1,070.8 1,098.1 871.1 889.2 908.3 929.8 151.2 156.7 162.5 168.3 21.0 18.6 17.6 17.4 108.8 113.2 118.2 122.2 21.7 21.0 21.4 21.8 164.5 159.0 159.4 159.3 -10.7 -14.9 -15.2 -15.6 ^3.7 -4.6 -4.1 -3.4 178.9 178.5 178.8 178.3 113.5 114.1 114.8 115.3 77.7 80.5 81.8 83.1 1,424.6 1,453.2 1,492.8 1,530.9 165.2 172.1 179.0 185.7 1,259.4 1,281.1 1,313.8 1,345.2 1,138.1 1,158.7 1,189.1 1,225.2 121.4 122.5 124.7 120.0 9.6 9.6 9.5 8.9 3,201.9 3,229.0 3,259.7 3,283.5 1977:1 IV .... 1,551.1 1,612.4 1,667.8 1,712.1 1,127.0 1,164.4 1,196.9 1,233.4 949.9 980.8 1,007.3 1,038.0 177.1 183.6 189.6 195.5 18.4 15.7 15.1 20.6 125.7 128.7 132.6 136.4 21.9 20.4 19.7 19.6 , 168.6 190.2 205.9 199.1 -21.4 -15.3 -9.5 -16.6 -4.2 -2.9 -1.2 -1.2 194.2 208.4 216.5 216.9 126.8 135.4 140.9 140.9 89.5 93.0 97.6 102.9 1,569.7 1,610.4 1,656.3 1,712.1 191.9 198.9 201.9 211.9 1,377.8 1,411.5 1,454.4 1,500.2 1,261.8 1,291.6 1,324.4 1,363.8 116.0 119.8 130.1 136.4 8.4 8.5 8.9 9.1 3,305.4 3,326.8 3,376.5 3,433.8 1978:1 II Ill IV .... 1,750.1 1,841.5 1,893.1 1,956.0 1,269.5 1,318.3 1,355.7 1,400.4 1,064.0 1,106.3 1,137.8 1,176.0 205.5 212.1 217.9 224.4 20.4 22.5 22.2 21.0 139.8 148.4 152.1 153.8 21.6 21.0 23.2 23.9 192.1 219.3 223.7 233.7 -20.8 -53.2 -23.3 -27.5 -2.6 -3.7 -4.6 -5.1 215.6 246.2 251.6 266.4 144.3 161.0 165.2 175.3 106.5 111.9 116.3 123.2 1,755.7 1,821.0 1,879.4 1,937.0 215.6 226.8 240.2 251.2 1,540.0 1,594.1 1,639.2 1,685.8 1,395.8 1,457.0 1,492.2 1,532.5 144.2 137.1 147.1 153.3 9.4 8.6 9.0 9.1 3,466.3 3,513.0 3,548.1 3,582.6 1979:1 II Ill IV .... 2,007.6 2,044.8 2,095.5 2,154.5 1,445.1 1,477.5 1,519.1 1,561.3 1,210.0 1,236.1 1,270.7 1,305.6 235.0 241.4 248.5 255.7 25.3 23.3 23.9 22.4 156.0 158.6 161.3 164.1 26.0 22.6 22.1 27.1 224.2 224.4 222.5 219.0 -35.1 -40.0 -44.1 -41.4 -5.9 -7.4 -8.3 -8.1 265.2 271.7 274.9 268.5 176.4 182.5 186.6 182.8 131.1 138.3 146.6 160.7 1,996.8 2,041.2 2,108.6 2,179.4 257.8 266.3 279.2 289.8 1,739.1 1,774.9 1,829.3 1,889.7 1,574.9 1,611.9 1,667.1 1,715.6 164.1 163.0 162.2 174.0 9.4 9.2 8.9 9.2 3,620.7 3,607.1 3,628.8 3,657.8 1980:1 II Ill IV .... 2,206.2 2,185.1 2,233.9 2,346.6 1,602.7 1,625.2 1,658.0 1,721.1 1,338.2 1,354.6 1,380.8 1,436.0 264.5 270.6 277.2 285.1 14.6 4.9 13.3 19.7 165.7 159.5 163.7 169.0 32.1 32.3 28.6 32.2 215.0 183.7 189.8 205.4 -53.5 -64.0 -42.3 -38.8 -10.4 -11.3 -11.2 -10.3 278.8 229.0 243.3 254.5 184.0 154.2 162.2 166.0 176.1 179.6 180.6 199.1 2,248.1 2,268.8 2,339.0 2,439.8 289.1 296.7 306.9 323.9 1,959.0 1,972.1 2,032.1 2,115.9 1,766.7 1,769.9 1,828.3 1,891.7 192.3 202.2 203.8 224.2 9.8 10.3 10.0 10.6 3,678.5 3,612.2 3,637.6 3,703.8 1981:I II Ill IV .... 2,428.7 2,452.2 2,550.0 2,557.3 1,773.9 1,807.6 1,846.6 1,874.8 1,474.5 1,502.1 1,534.9 1,557.6 299.4 305.5 311.7 317.3 19.3 19.5 24.5 18.1 173.7 162.4 165.3 162.2 39.6 38.1 38.8 42.0 218.6 211.7 230.9 214.6 -37.4 -24.3 -18.2 -18.6 -2.7 1.6 7.0 4.8 258.8 234.4 242.0 228.5 170.0 155.1 159.1 154.8 203.6 213.0 243.9 245.6 2,510.6 2,549.5 2,652.3 2,685.1 336.2 348.3 362.7 358.7 2,174.4 2,201.2 2,289.6 2,326.4 1,950.3 1,985.8 2,031.5 2,049.2 224.1 215.5 258.1 277.2 10.3 9.8 11.3 11.9 3,713.5 3,696.6 3,777.0 3,777.2 1982: I II Ill IV .... 2,560.3 2,606.6 2,618.1 2,626.9 1,898.7 1,917.4 1,937.0 1,950.8 1,573.0 1,586.8 1,601.9 1,611.8 325.7 330.6 335.1 339.0 15.4 14.0 13.1 15.3 155.1 165.5 166.0 175.1 41.6 38.5 40.1 38.0 193.8 206.0 206.5 198.7 -12.9 -4.7 -6.4 -6.0 10.4 11.5 14.8 16.5 196.3 199.2 198.1 188.2 133.3 134.6 132.8 128.9 255.6 265.2 255.4 249.1 2,709.4 2,754.0 2,786.4 2,823.7 359.0 366.5 357.2 363.9 2,350.4 2,387.6 2,429.2 2,459.9 2,086.6 2,113.4 2,159.4 2,218.9 263.8 274.2 269.9 240.9 11.2 11.5 11.1 9.8 3,769.4 3,791.4 3,799.4 3,806.4 1983: I II Ill IV .... 2,678.9 2,754.6 2,830.2 2,922.3 1,977.8 2,016.0 2,059.8 2,117.3 1,629.2 1,661.4 1,698.7 1,747.8 348.6 354.5 361.2 369.5 14.0 8.9 1.2 4.6 175.0 184.1 193.8 200.2 37.6 37.5 34.8 37.9 219.3 250.2 267.7 279.3 2.2 -7.1 -15.2 -9.8 25.8 30.2 33.3 31.5 191.3 227.0 249.6 257.6 131.2 151.5 164.1 169.7 255.2 257.8 272.9 283.1 2,853.6 2,909.2 2,968.6 3,056.2 358.4 367.5 353.7 364.2 2,495.2 2,541.8 2,614.9 2,692.1 2,256.6 2,329.9 2,392.2 2,454.1 238.6 211.9 222.7 238.0 9.6 8.3 8.5 8.8 3,831.2 3,857.8 3,928.6 4,010.2 1984:1 II Ill IV .... 3,049.0 3,139.4 3,207.5 3,253.2 2,182.5 2,235.1 2,282.6 2,323.5 1,793.6 1,837.6 1,877.1 1,910.9 389.0 397.5 405.4 412.6 20.5 22.2 21.2 22.7 215.3 227.0 236.2 225.1 37.1 35.4 40.1 45.4 305.7 314.8 305.7 312.8 -6.6 -9.8 .3 .2 33.4 47.4 52.2 57.9 278.9 277.2 253.2 254.7 178.0 178.0 165.7 166.2 287.9 305.0 321.7 323.8 3,152.0 3,239.9 3,327.6 3,379.7 370.0 379.6 393.5 405.6 2,782.0 2,860.3 2,934.1 2,974.1 2,506.0 2,563.3 2,601.1 2,654.1 276.0 297.0 332.9 320.0 9.9 10.4 11.3 10.8 4,103.0 4,182.4 4,258.8 4,286.1 1985:1 II Ill IV .... 3,315.6 3,352.4 3,403.9 3,449.9 2,366.4 2,402.7 2,442.0 2,489.7 1,946.1 1,976.0 2,008.9 2,049.7 420.3 426.7 433.1 440.0 23.2 21.0 20.0 22.0 243.1 243.0 245.4 250.5 41.7 40.3 37.9 36.5 315.3 319.2 335.5 319.8 .6 .3 7.2 -6.0 65.7 68.6 68.5 66.2 249.1 250.3 259.9 261.6 153.7 156.6 160.4 164.1 325.7 326.3 323.1 331.5 3,447.2 3,489.3 3,528.1 3,595.4 442.4 399.0 432.4 440.2 3,004.9 3,090.4 3,095.7 3,155.2 2,721.3 2,772.6 2,842.1 2,879.6 283.6 317.8 253.5 275.6 9.4 10.3 8.2 8.7 4,287.6 4,368.7 4,346.6 4,388.3 1986: I II Ill IV .... 3,487.7 3,503.5 3,537.6 3,574.5 2,522.5 2,545.8 2,582.9 2,631.6 2,075.7 2,093.4 2,123.6 2,164.8 446.8 452.3 459.2 466.8 20.0 20.2 25.9 26.0 251.9 255.5 259.4 255.6 36.6 34.8 30.7 26.8 313.5 302.5 293.2 293.7 19.7 13.9 5.4 -10.9 56.8 51.5 47.4 45.3 237.0 237.0 240.4 259.3 133.2 133.8 136.2 144.4 343.2 344.7 345.5 340.9 3,650.9 3,688.2 3,736.0 3,774.7 437.9 441.4 451.7 468.9 3,213.0 3,246.8 3,284.3 3,305.9 2,922.5 2,955.9 3,028.9 3,071.7 290.5 291.0 255.4 234.2 9.0 9.0 7.8 7.1 4,444.5 4,489.3 4,507.9 4,504.5 1987:1 II Ill IV .... 3,665.3 3,756.0 3,849.3 3,943.0 2,681.8 2,725.9 2,773.7 2,841.0 2,207.1 2,244.2 2,284.8 2,344.8 474.7 481.7 488.9 496.2 27.1 29.1 29.1 30.8 267.8 272.1 278.2 281.3 32.7 30.8 37.8 41.9 309.7 342.5 364.3 370.0 -13.9 -19.2 -15.7 -16.2 46.9 48.1 49.7 48.1 276.6 313.5 330.3 338.0 164.6 187.3 195.6 202.6 346.2 355.6 366.2 378.1 3,852.2 3,915.3 3,992.4 4,090.1 463.7 524.8 502.7 520.9 3,388.5 3,390.5 3,489.6 3,569.2 3,111.8 3,182.6 3,247.8 3,284.7 276.8 207.9 241.9 284.5 8.2 6.1 6.9 8.0 4,556.9 4,512.7 4,600.7 4,659.6 1988:1 II Ill IV .... 4,023.3 4,107.3 4,186.9 4,286.8 2,888.4 2,951.8 3,001.3 3,053.7 2,379.6 2,434.7 2,476.4 2,520.1 508.8 517.1 524.9 533.6 32.9 26.8 28.0 16.5 296.6 310.4 318.3 325.6 44.9 41.5 40.0 50.0 381.1 400.4 408.5 430.2 -18.3 -25.5 -26.1 -18.8 47.8 46.4 45.3 41.6 351.6 379.4 389.4 407.4 225.4 244.1 249.1 260.5 379.4 376.4 390.8 410.9 4,156.8 4,227.7 4,308.7 4,395.1 514.5 516.6 519.1 528.5 3,642.3 3,711.1 3,789.7 3,866.6 3,362.2 3,422.5 3,490.3 3,565.3 280.1 288.6 299.3 301.3 7.7 7.8 7.9 7.8 4,724.1 4,758.9 4,801.9 4,851.4 See footnotes at the end of the table. 139 August 2000 SURVEY OF CURRENT BUSINESS Table 4.—National Income and Disposition of Personal Income—Continued [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Compensation of employees Year and quarter National income Total Wage and salary accruals Supplements to wages and salaries Proprietors' income, with IVA and CCAdj. Farm Nonfarm Rental income of persons with CCAdj. Corporate profits with IVA and CCAdj. Total IVA CCAdj. Profits before tax Profits after tax Net interest Personal income Less: Personal tax and nontax payments Equals: DPI Less: Personal outlays Equals: Personal saving Saving as a percentage of DPI Real DPI 1 1989:1 II Ill IV ,... 4,350.2 4,375.0 4,396.4 4,446.7 3,097.0 3,126.6 3,163.6 3,216.9 2,555.8 2,577.3 2,605.5 2,648.6 541.2 549.3 558.1 568.3 35.7 31.5 29.2 32.1 330.8 326.3 326.3 335.0 46.6 44.9 37.4 33.1 406.7 397.4 390.0 388.6 -33.7 -18.9 -.4 -12.3 37.8 36.9 34.1 32.5 402.7 379.3 356.4 368.4 249.3 235.5 223.4 232.8 433.3 448.3 449.8 440.9 4,517.5 4,573.5 4,617.4 4,690.7 565.3 578.9 588.4 601.3 3,952.2 3,994.5 4,029.0 4,089.4 3,623.3 3,689.2 3,746.6 3,798.7 328.9 305.3 282.4 290.7 8.3 7.6 7.0 7.1 4,903.5 4,891.0 4,902.7 4,928.8 1990:1 II Ill IV .... 4,552.9 4,645.0 4,675.6 4,695.0 3,284.1 3,343.4 3,383.7 3,393.0 2,701.6 2,750.4 2,781.8 2,784.7 582.6 593.0 601.9 608.3 33.2 31.5 30.9 29.0 343.3 347.2 355.9 353.0 42.1 45.3 53.2 55.8 403.2 427.0 401.9 402.2 -3.6 2.0 -30.2 -19.8 22.3 22.1 19.4 15.9 384.4 402.9 412.7 406.1 250.7 261.8 264.7 266.5 447.1 450.5 450.1 462.0 4,800.8 4,879.3 4,951.4 4,981.4 595.7 607.6 617.3 618.0 4,205.1 4,271.7 4,334.1 4,363.5 3,879.2 3,932.4 4,001.0 4,024.5 325.9 339.4 333.1 339.0 7.8 7.9 7.7 7.8 5,001.6 5,026.6 5,032.7 4,995.8 1991:1 II Ill IV .... 4,703.5 4,737.1 4,773.0 4,812.6 3,403.5 3,436.2 3,471.0 3,509.0 2,786.7 2,810.7 2,835.7 2,863.7 616.8 625.5 635.3 645.3 26.5 27.7 23.8 27.5 346.7 355.4 361.3 367.9 53.9 56.4 57.6 57.8 432.9 429.0 428.3 434.7 11.4 8.6 1.4 -1.7 10.5 10.2 9.9 10.0 410.9 410.2 417.0 426.4 281.1 277.9 280.9 290.3 440.0 432.5 430.9 415.7 4,999.9 5,064.1 5,110.1 5,167.4 600.7 606.5 611.6 623.2 4,399.1 4,457.5 4,498.5 4,544.2 4,035.9 4,090.5 4,130.2 4,156.0 363.2 367.1 368.3 388.1 8.3 8.2 8.2 8.5 4,999.5 5,033.3 5,045.4 5,053.8 1992:1 II Ill IV .... 4,935.1 4,995.5 4,951.9 5,097.2 3,574.8 3,625.4 3,668.0 3,710.9 2,913.3 2,952.4 2,984.0 3,017.4 661.4 673.0 683.9 693.4 31.4 33.6 33.2 32.5 389.2 399.1 403.5 414.9 59.3 63.8 53.2 76.8 469.8 468.6 401.4 472.5 2.2 -10.6 -3.4 .4 9.0 8.1 -6.0 6.1 458.6 471.0 410.7 466.0 314.2 320.9 281.9 316.8 410.6 405.0 392.7 389.6 5,276.8 5,352.2 5,390.7 5,541.8 614.7 627.3 638.0 663.1 4,662.0 4,724.9 4,752.7 4,878.7 4,255.3 4,302.9 4,356.2 4,449.1 406.7 421.9 396.5 429.6 8.7 8.9 8.3 8.8 5,138.8 5,172.5 5,174.2 5,271.5 1993:1 II Ill IV .... 5,150.2 5,232.6 5,259.4 5,365.5 3,750.6 3,795.5 3,835.1 3,876.3 3,044.8 3,077.3 3,107.0 3,137.4 705.9 718.2 728.1 738.9 29.5 34.4 22.9 33.7 426.4 430.0 432.5 437.9 84.7 90.3 90.8 97.6 472.4 503.6 508.5 557.6 -6.1 -6.3 .4 -4.1 1.8 3.6 2.3 8.8 476.6 506.3 505.8 552.8 325.6 340.8 343.5 370.1 386.6 378.8 369.5 362.4 5,465.8 5,595.3 5,630.3 5,748.5 644.0 671.0 681.8 701.7 4,821.7 4,924.2 4,948.5 5,046.8 4,481.8 4,550.5 4,617.1 4,688.6 340.0 373.7 331.5 358.2 7.1 7.6 6.7 7.1 5,181.2 5,258.6 5,266.8 5,338.5 1994:I II Ill IV .... 5,373.4 5,525.2 5,608.7 5,719.9 3,943.5 3,994.9 4,032.8 4,093.6 3,190.2 3,233.4 3,267.7 3,325.9 753.3 761.5 765.1 767.7 40.6 33.9 27.7 25.5 427.9 445.6 448.1 457.0 98.0 112.0 116.2 115.2 498.8 569.3 598.5 626.2 -6.3 -10.2 -15.7 -15.6 -7.8 16.8 18.8 21.1 514.8 562.7 595.4 620.7 349.4 379.8 401.0 416.6 364.6 369.6 385.4 402.5 5,713.7 5,860.8 5,935.3 6,042.4 695.4 732.2 724.3 738.5 5,018.3 5,128.6 5,211.0 5,303.9 4,744.0 4,809.1 4,886.9 4,959.7 274.3 319.5 324.1 344.2 5.5 6.2 6.2 6.5 5,293.2 5,381.2 5,420.9 5,493.4 ; 1995:1 II Ill IV .... 5,775.0 5,833.7 5,920.0 5,978.1 4,142.7 4,178.8 4,224.3 4,264.1 3,379.6 3,417.2 3,463.6 3,503.8 763.1 761.6 760.7 760.2 21.4 19.6 20.5 27.3 467.2 471.8 479.2 483.9 116.9 115.1 116.6 123.2 630.0 655.5 692.8 696.7 -32.5 -28.2 -8.8 -2.6 19.4 18.4 19.2 17.5 643.2 665.3 683.5 681.8 440.1 456.6 464.8 468.5 396.8 392.8 386.7 383.0 6,109.9 6,163.3 6,225.9 6,304.6 751.8 780.5 781.6 799.5 5,358.1 5,382.8 5,444.4 5,505.1 5,012.1 5,091.3 5,158.4 5,218.8 346.0 291.5 285.9 286.3 6.5 5.4 5.3 5.2 5,515.4 5,509.0 5,546.6 5,585.3 1996:1 II Ill IV .... 6,066.6 6,177.5 6,254.5 6,342.9 4,297.4 4,367.8 4,427.8 4,489.4 3,537.4 3,604.6 3,660.9 3,717.6 760.0 763.2 766.8 771.8 31.1 36.3 38.0 31.7 494.8 510.3 515.5 521.4 128.4 129.0 130.1 131.4 736.7 748.6 755.0 775.8 2.1 -1.7 4.7 7.1 21.4 23.9 25.4 27.7 713.2 726.3 724.9 741.0 493.5 501.0 500.9 515.4 378.2 385.5 388.1 393.3 6,405.1 6,509.4 6,597.1 6,677.9 830.7 872.5 877.3 898.1 5,574.4 5,637.0 5,719.8 5,779.7 5,292.2 5,383.9 5,433.7 5,512.6 282.2 253.1 286.1 267.1 5.1 4.5 5.0 4.6 5,622.0 5,649.4 5,709.7 5,729.9 1997:1 II Ill IV .... 6,454.8 6,555.8 6,676.4 6,786.7 4,553.7 4,607.8 4,675.8 4,767.9 3,786.5 3,845.0 3,912.7 3,999.7 767.2 762.8 763.0 768.2 30.6 29.6 29.8 28.9 539.4 546.4 556.2 563.8 130.4 128.9 127.4 126.7 798.5 825.6 858.3 852.7 10.4 12.1 5.6 5.7 30.4 32.3 33.6 35.4 757.7 781.2 819.0 811.6 530.7 549.4 573.8 566.9 402.2 417.5 429.0 446.8 6,792.4 6,879.1 6,978.6 7,097.9 935.1 954.9 978.9 1,006.3 5,857.3 5,924.2 5,999.7 6,091.6 5,609.2 5,654.1 5,763.7 5,834.3 248.1 270.1 236.0 257.3 4.2 4.6 3.9 4.2 5,771.8 5,821.2 5,877.3 5,947.5 1998:1 II Ill IV .... 6,889.3 6,986.7 7,093.0 7,183.2 4,867.5 4,943.1 5,023.4 5,102.7 4,087.0 4,155.5 4,228.3 4,300.3 780.5 787.6 795.1 802.4 25.3 23.3 21.2 32.0 580.9 590.0 598.4 611.7 126.7 132.8 138.8 143.5 824.5 814.0 818.0 803.4 22.6 7.7 17.7 19.9 38.4 39.6 40.2 41.2 763.5 766.7 760.1 742.3 519.4 520.9 511.1 502.9 464.4 483.5 493.3 489.8 7,230.7 7,339.5 7,445.1 7,548.6 1,035.8 1,056.4 1,084.0 1,107.5 6,194.9 6,283.1 6,361.1 6,441.1 5,909.2 6,012.9 6,099.5 6,197.1 285.6 270.2 261.6 244.0 4.6 4.3 4.1 3.8 6,042.8 6,110.3 6,164.1 6,219.2 1999:1 II Ill IV .... 7,312.7 7,392.3 7,493.1 7,680.7 5,181.6 5,255.4 5,340.9 5,421.1 4,369.4 4,435.5 4,512.2 4,583.5 812.2 819.9 828.7 837.7 25.0 29.0 15.5 31.7 619.1 631.4 644.2 657.9 144.9 145.7 136.6 146.2 852.0 836.8 842.0 893.2 11.4 -8.9 -19.7 -19.2 42.9 41.2 42.7 41.6 797.6 804.5 819.0 870.7 549.9 553.7 564.8 599.9 490.1 494.1 513.8 530.6 7,628.1 7,729.7 7,828.5 7,972.3 1,113.2 1,133.4 1,164.0 1,197.3 6,514.9 6,596.3 6,664.5 6,775.0 6,310.3 6,432.8 6,543.3 6,674.1 204.6 163.6 121.1 101.0 3.1 2.5 1.8 1.5 6,263.7 6,306.6 6,341.7 6,412.2 2000:I 7,833.5 5,512.2 4,660.4 851.8 19.1 674.8 145.6 936.3 -25.0 40.6 920.7 634.4 545.4 8,105.8 1,239.3 6,866.5 6,855.6 11.0 .2 6,443.1 1. Real DPI in chained (1996) dollars. Derived by deflation using the implicit price deflator for personal consumption expenditures. CCAdj. Capital consumption adjustment. DPI Disposable personal income. IVA Inventory valuation adjustment. August 2000 140 SURVEY OF CURRENT BUSINESS Errata U.S. Travel and Tourism Satellite Accounts for 1996 and 1997 Table 1 in "U.S. Travel and Tourism Satellite Accounts for 1996 and 1997" in the July 2000 issue of the SURVEY OF CURRENT BUSINESS contained errors in the estimates for tourism final demand and its share of GDP. This table, with the corrected estimates, is shown below. In addition, two corrections are made to the text of the article. In the first bullet on page 8, the text should read "...(GDP) increased from 3.3 percent to 3.5 percent." On page 9 (first paragraph under "Tourism demand"), the text should read "...Tourism final demand purchases in the United States increased from $208.9 billion, or 3.3 percent of GDP, in 1992 to $291.5 billion, or 3.5 percent of GDP, in 1997 (table Table 1.—Key Indicators of Tourism Activity in 1992,11996, and 1997 Percent Compensa- EmployShare of GDP Share of tion ment (billions Tourism (thouTourism of dol- sands) industry Comfinal Employlars) value pensademand ment added tion Tourism final demand (billions of dollars) Tourism industry value added (billions of dollars) 1992. Method 1 Method 2 Method 3 199.3 208.9 244.3 120.5 124.5 135.7 81.3 84.5 91.5 3,749 3,933 4,353 3.2 3.3 3.9 1.9 2.0 2.2 2.2 2.3 2.5 3.2 3.3 3.7 1996. Method 1 Method 2 Method 3 262.3 275.2 324.5 160.2 166.0 186.3 98.5 102.0 114.7 4,255 4,440 5,206 3.4 3.5 4.2 2.1 2.1 2.4 2.2 2.3 2.6 3.4 3.5 4.1 1997. Method 1 Method 2 Method 3 277.8 291.5 342.9 172.3 178.7 200.6 102.9 106.6 119.9 4,302 4,491 5,263 3.3 3.5 4.1 2.1 2.2 2.4 2.2 2.3 2.6 3.3 3.5 4.0 Note.—See the section "Estimating Methods" for a discussion of the three methods. August 2000 141 SURVEY OF CURRENT BUSINESS U.S. Affiliates of Foreign Companies Operations in 1998 By William J. Zeile f'TICCORDING to preliminary results from <^/~L BEA'S 1998 annual survey of foreign direct investment in the United States (FDIUS), record levels of new foreign investment helped to boost the current-dollar gross product of U.S. affiliates of foreign companies 7 percent, from $389 billion in 1997 to $418 billion in 1998.' Despite this increase, strong growth in the U.S. economy resulted in little change in the share of the private economy that is accounted for by U.S. affiliates: The affiliate share of gross product originating in private industries increased from 6.2 percent in 1997 to 6.3 percent in 1998 (table 1 and chart 1). Table 1.—Gross Product of Nonbank U.S. Affiliates of Foreign Companies, 1977-88 Percentage of U.S. privateindustry gross product Millions of dollars Majorityowned nonbank affiliates All nonbank affiliates 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997'" 1998" 35,222 42,920 55,424 70,906 98,828 103,489 111,490 128,761 134,852 142,120 157,869 190,384 223,420 239,279 257,634 266,333 285,738 312,981 322,631 358,085 389,432 418,138 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 146,424 168,547 190,477 207,126 214,781 223,008 244,690 254,938 283,422 313,655 352,756 17.4 7.1 7.7 3.4 7.3 9.5 3.1 11.0 8.8 7.4 15.1 13.0 8.7 3.7 3.8 9.7 4.2 11.2 10.7 12.5 All nonbank affiliates 2.3 2.4 2.8 3.3 4.2 4.3 4.2 4.4 4.3 4.3 4.4 4.9 5.4 5.5 5.8 5.7 5.8 5.9 5.8 6.1 6.2 6.3 Majorityowned nonbank affiliates n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 3.8 4.1 4.4 4.7 4.6 4.5 4.6 4.6 4.8 5.0 5.3 Addendum: Gross product of majority-owned nonbank affiliates as a percentage of that of all nonbank affiliates n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 76.9 75.4 79.6 80.4 80 6 78.0 78.2 79.0 79.1 80.5 84.4 The record new foreign investments in 1998 included acquisitions of several very large U.S. companies.2 These investments, which coincided with a sharp increase in overall merger and acquisition activity in the United States, reflected both the continuing strength and stability of the U.S. economy and several industry-specific factors.3 By industry, the impact of acquisitions on affiliate gross 1. The estimates of gross product of U.S. affiliates are conceptually consistent with the U.S. estimates of gross domestic product, or gross domestic product originating, by industry. Both sets of estimates are income-based estimates; that is, they are measured as the sum of costs incurred (except for intermediate inputs) and the profits earned in production (see the box "Key Terms"). The financial and operating data of nonbank U.S. affiliates presented in this article cover the entire operations of the U.S. affiliate, irrespective of the percentage of foreign ownership. All data are on a fiscal year basis. Thus, for 1998, an individual affiliate's fiscal year is its financial reporting year that ended in calender year 1998. The estimates of gross product and the other data items for affiliate operations for 1998 are preliminary. The estimates for 1997 are revised; for most of the key data items, the revisions to the totals ranged from -4 percent to 4 percent. 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 surged from $69.7 billion in 1997 to $215.3 billion in 1998 (the previous high was $72.7 million in 1988). Investment outlays increased further in 1999, to a record $282.9 billion. See Ned G. Howenstine and Rosaria Troia, "Foreign Direct Investment in the United States: New Investment in 1999," SURVEY OF CURREOT BUSINESS 80 (June 2000): 55-63. 3. For a discussion of some of the industry-specific factors behind the largest investment transactions in 1998, see Mahnaz Fahim-Nader, "Foreign Direct Investment in the United States: New Investment in 1998," SURVEY 79 (June 1999): 16-23. CHART 1 U.S.-Affiliate Share of Gross Product Originating in Private Industries, 1982-98 Percent change from preceding year: 1989 1990 1991 1992 1993 1994 1995 1996 1997" 1998" * Preliminary. ' Revised. n.a. Not available. NOTE.—For improved comparability with U.S.-affiliate gross product, U.S. private-industry gross product was adjusted to exclude gross product originating in depository institutions and private households, imputed rental income from owner occupied housing, and business transfer payments. The estimates of U.S. private-industry gross product were recently revised. See Sherlene K.S. Lum, Brian C. Moyer, and Robert E VncUsuana "ImnwwoH Eetimatac n( Hrnce Drrvii>rl hi/ InHncfrM frtr 1 CU7—Qfl " Ql im/CV nc T i iDDCMT Rl ICIMCCC fln Mnna Onnf)\- 1982 84 86 88 90 92 94 96 98 142 • August 2000 SURVEY OF CURRENT BUSINESS product was most pronounced in manufacturing, particularly in transportation equipment and in petroleum and coal products.4 The effect of the record new investments on affiliate gross product in 1998 was partly offset by foreign selloffs of affiliates, most notably large minority-owned affiliates in the transportation and the broadcasting and telecommunications industries. In addition, the gross product of petroleum affiliates was reduced by unfavorable conditions in the world market for petroleum products.5 Other measures of affiliate operations were also boosted by the record new foreign investments in 1998. Employment by affiliates increased 8 percent to 5.6 million; the affiliate share of U.S. private nonbank employment increased to 5.2 percent, the highest share since 1991. Exports of goods by affiliates increased 7 percent in the face of a 1-percent decrease in total U.S. exports, and imports of goods by affiliates increased 9 percent, compared with a 5-percent increase in total U.S. imports. The affiliate share of U.S. exports of goods increased to 22.1 percent from 20.5 percent in 1997, and the af4. The data on affiliate operations are now classified by industry according to a new system that is based on the 1997 North American Industry Classification System; see the box "New Industry Classifications" in William J. Zeile, "Foreign Direct Investment in the United States: Preliminary Results from the 1997 Benchmark Survey," SURVEY 79 (August 1999): 24. 5. Crude oil prices fell 34 percent in 1998, according to 12-month averages of the refiners' acquisition cost of domestic and imported crude oil from the Energy Information Administration (EIA) of the U.S. Department of Energy. The decrease in oil prices was not accompanied by a corresponding increase in demand and production: Worldwide production of crude oil increased only 2 per- filiate share of U.S. imports of goods increased to 31.8 percent from 30.4 percent in 1997. Intrafirm exports and imports by affiliates, however, were largely unaffected by new foreign investments, and the shares of these exports and imports in total U.S. exports and imports of goods decreased. The following are additional highlights of the operations of U.S. affiliates in 1998: • By country of ownership, the United Kingdom remained the largest investing country in terms of affiliate gross product. As a result of new acquisitions of U.S. companies, Germany overtook Japan as the second-largest investing country. • By industry, manufacturing's share of the gross product of all affiliates increased to more than 50 percent. Affiliate gross product in professional, scientific, and technical services also increased substantially. • The affiliate share of U.S. employment in manufacturing increased to more than 13 percent. Within manufacturing, the affiliate share of employment in motor vehicles, bodies and trailers, and parts increased substantially, from 18.5 percent to 28.2 percent. • By State, the affiliate share of total business employment was highest in Hawaii, South Carolina, and North Carolina. The affiliate share increased substantially in several States in the Great Lakes region, particularly in Michigan. Key Terms The following key terms are used to describe U.S. affiliates of foreign companies and their operations. U.S. affiliate. 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. "Person" is broadly defined to include 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 any person resident outside the United States—that is, outside the 50 States, the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories and possessions. Majority-owned U.S. affiliate. A U.S. affiliate that is owned more than 50 percent by foreign direct investors. Foreign parent. The first person outside the United States in a U.S. affiliate's ownership chain that has a direct investment interest in the affiliate. Ultimate beneficial owner (UBO). 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. Unlike the foreign par- ent, 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. Foreign parent group. Consists of (1) the foreign parent, (2) any foreign person, proceeding up the foreign 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. Gross product. The contribution to U.S. gross domestic product, which is the goods and services produced by labor and property located in the United States. Gross product, often referred to as "value added," can be measured as gross output (sales or receipts and other operating income plus inventory change) minus intermediate inputs (purchased goods and services). Alternatively, it can be measured as the sum of the costs incurred (except for intermediate inputs) and the profits earned in production. The estimates of gross product that are presented in this article were prepared by summing cost and profit data collected in the annual and benchmark surveys of foreign direct investment in the United States. SURVEY OF CURRENT BUSINESS • Exports and imports of goods by affiliates increased substantially as a result of new foreign acquisitions. For German-owned affiliates, exports more than doubled, and imports increased more than 70 percent. • Intrafirm exports by affiliates (which were relatively unaffected by foreign acquisitions) decreased, reflecting troubled economic conditions in Asia. Intrafirm imports by affiliates increased only slightly, and the share of affiliate intrafirm imports in total U.S. imports decreased. This article examines changes in the gross product, employment, and trade in goods of U.S. affiliates in 1998, particularly as they relate to the corresponding totals for the U.S. economy. For each of these measures, changes in affiliate operations are examined both at the aggregate level and by major investing country; changes in gross product are also examined by industry of affiliate. For August 2000 • employment, affiliate shares of the economy are examined by industry and by State. Gross Product Largely as a result of the surge in new foreign direct investment in 1998, the gross product (or value added) of nonbank U.S. affiliates in current dollars increased 7 percent, from $389 billion to $418 billion. In comparison, total U.S. gross product originating in private nonbank industries in current dollars increased 6 percent.6 The U.S.-affiliate share of total U.S. gross product edged up from 6.2 percent in 1997 to 6.3 percent in 1998, continuing an uptrend. 6. Although the rate of change in U.S.-private-industry gross product serves as a convenient benchmark against which the increase in U.S.-affiliate gross product can be evaluated, the two growth rates are not strictly comparable, because the latter partly reflects transfers in ownership that do not represent increased production for the whole economy. Similarly, changes in U.S.-affiliate employment, exports, and imports, which partly reflect changes in ownership, are not strictly comparable to the changes for the whole economy. 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 investment data), and (3) international transactions (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 1999" in the mark surveys, which are BEA's most comprehensive surveys of foreign direct investment in terms of both coverage of companies and subject matter, are taken in place of the annual survey once every 5 years.) The data cover U.S. affiliates' balance 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. June 2000 issue of the SURVEY OF CURRENT BUSINESS; the interExcept in benchmark survey years, these data, unlike the national transactions and direct investment position data new investment data, cover only nonbank affiliates. The fiwere published in the articles "The International Invest- nancial and operating data for affiliates are on a fiscal year ment Position of the United States at Yearend 1999," "U.S. basis. The data cover the entire operations of the U.S. affiliInternational Transactions, First Quarter 2000," and ate, irrespective of the percentage of foreign ownership. "Direct Investment Positions for 1999: Country and IndusNew investment data. The data on outlays by foreign ditry Detail," in the July 2000 issue of the SURVEY. rect investors to acquire or establish affiliates in the United Each of the three data sets focuses on a distinct aspect of States are collected on a calendar year basis in BEA's survey FDIUS. The financial and operating data provide a picture of new FDIUS. In addition, the new investment survey colof the overall activities of the U.S. affiliates; the new invest- lects selected data on the operations of the newly acquired ment data provide information about U.S. businesses that or established affiliates. For newly acquired affiliates, these are newly acquired or established by foreign direct inves- data are for (or as of the end of) the most recent fiscal year tors, regardless of whether the invested funds were raised in preceding the acquisition, and for newly established busithe United States or abroad; and the international transac- nesses, they are projected for (or as of the end of) the first tions and direct investment position data cover foreign invesyear of operation. The data cover the entire operations of tors' transactions with, and positions in, both new and the business, irrespective of the percentage of foreign ownexisting U.S. affiliates.1 ership. Financial and operating data of U.S. affiliates. The data on International transactions and direct investment position the overall operations of U.S. affiliates are collected in BEA's annual and benchmark surveys of FDIUS. (Bench- data. These data are collected in the quarterly survey of FDIUS. The data cover the U.S. affiliate's transactions and positions with its foreign parent or other members of its foreign parent group, so these data focus on the foreign parent's share, or interest, in the affiliate rather than on the affiliate's overall size or level of operations. The major items included in the U.S. international transactions (balance of payments) accounts are direct investment financial flows, direct investment income, royalties and license fees, and other services transactions with the foreign parent group. 1. For a more detailed discussion of the differences between these three sets of data, see Alicia M Quijano, "A Guide to BEA Statistics on Foreign Direct Investment in the United States," SURVEY 70 (February 1990): 29-37. This guide is available on BEA's Web site at <www.bea.doc.gov/bea/ail.htm>. For a comparison of the data on affiliate operations with the data on new investment, see the appendix "Sources of Data" in Mahnaz Fahim-Nader and William J. Zeile, "Foreign Direct Investment in the United States: New Investment in 1994 and Affiliate Operations in 1993," SURVEY 75 (May 1995): 68-70. 143 144 • August 2000 SURVEY OF CURRENT BUSINESS Despite record new investments, affiliate gross product increased at a slower pace than in the previous 2 years (9 percent in 1997 and 11 percent in 1996), partly because of the offsetting effect of foreign selloffs. In 1998, these selloffs mainly affected minority-owned affiliates. For majority-owned affiliates (which have consistently accounted for at least three-fourths of affiliate operations), the offsetting effect of foreign selloffs was relatively small. The gross product of majority-owned affiliates increased 12 percent, the fastest rate of increase since 1990. The share of these affiliates in U.S. gross product originating in private industries increased from 5.0 percent in 1997 to 5.3 percent in 1998. nonbank affiliates since at least 1977, the first year for which annual data on affiliate operations are available. In 1998, as in each of the years 1977-97, the largest investing country in terms of affiliate gross product was the United Kingdom: Britishowned affiliates accounted for 18.2 percent of the gross product of all nonbank affiliates and for 1.1 percent of total U.S. gross product originating in private industries (table 2). German-owned affiliates accounted for the second-largest share of affiliate gross product (15.9 percent), edging out Japanese-owned affiliates, which had accounted for the second-largest share in each of the years 1991-97. The share for German-owned affiliates was substantially higher in 1998 than in previous years: As recently as 1994, Germany had ranked as the fourth largest investing country, behind the United Kingdom, Japan, and Canada (chart 2). The jump in share for German-owned affiliates reflected a 44-percent increase in gross product that mainly resulted from German acquisitions of By country of ownership Affiliates with ultimate beneficial owners (UBO's) in seven major investing countries—Canada, France, Germany, Japan, the Netherlands, Switzerland, and the United Kingdom—have accounted for more than 80 percent of the gross product of all Table 2.—Gross Product of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1996-98 Millions of dollars 1997 Percentage of U.S. private-industry gross product Percentage of all-countries total 1998 1996 1997 1998 1996 1997 1998 Addendum: Percent change in product, 1997-98 All nonbank affiliates: All countries , Canada Europe France Germany Netherlands Switzerland United Kingdom Other ; Latin America and Other Western Hemisphere Africa Middle East Asia and Pacific Japan Other 358,085 389,432 418,138 100.0 100.0 100.0 32,550 34,732 40,425 9.1 8.9 9.7 229,286 34,227 42,929 30,078 20,677 76,602 24,773 248,970 36,182 46,330 34,740 26,331 78,289 27,099 267,066 37,349 66,597 29,464 28,039 76,214 29,404 64.0 9.6 12.0 8.4 5.8 21.4 6.9 63.9 9.3 11.9 8.9 6.8 20.1 7.0 63.9 8.9 15.9 7.0 6.7 18.2 7.0 3.9 .6 .7 .5 .3 1.3 .4 12,955 13,682 16,995 3.6 3.5 4.1 .2 2,555 2,870 2,543 .7 .7 6.1 6.2 6.3 7.4 16.4 3.9 .6 .7 .6 .4 1.2 .4 4.0 .6 1.0 .4 .4 1.1 .4 7.3 3.2 43J -15.2 6.5 -2.7 8.5 o -11.4 1.2 1.0 .2 -38.3 5.6 3.9 14.8 24.2 n 6,387 7,481 4,614 1.8 1.9 1.1 .1 69,190 58,069 11,121 74,541 63,017 11,524 78,714 65,482 13,232 19.3 16.2 3.1 19.1 16.2 3.0 18.8 15.7 3.2 1.2 1.0 .2 5,161 7,156 7,780 1.4 1.8 1.9 283,422 313,655 352,756 100.0 100.0 100.0 27,687 29,779 34,635 9.8 9.5 9.8 180,729 23,166 34,224 25,060 17,764 60,898 19,617 199,458 24,356 36,914 27,797 22,268 66,112 22,013 228,162 25,347 57,658 26,314 22,956 71,064 24,823 63.8 8.2 12.1 8.8 6.3 21.5 6.9 63.6 7.8 11.8 8.9 7.1 21.1 7.0 64.7 7.2 16.3 7.5 6.5 20.1 7.0 10,841 12,126 15,421 3.8 3.9 4.4 27.2 .4 -19.3 1.2 1.0 .2 8.7 United States Majority-owned nonbank affiliates: All countries Canada Europe France Germany Netherlands Switzerland United Kingdom Other Latin America and Other Western Hemisphere 1,048 1,659 1,339 Africa 2,058 2,619 2,422 .7 59,496 50,412 9,084 65,069 55,280 9,789 67,496 56,617 10,879 21.0 17.8 3.2 20.7 17.6 3.1 19.1 16.0 3.1 1,563 2,994 3,282 .6 1.0 .9 Middle East Asia and Pacific Japan Other United States * Less than 0.05 percent. 4.8 5.0 5.3 3.1 .4 .6 .4 .3 1.0 .3 3.2 .4 .6 .4 .4 1.0 .3 3.4 .4 .9 .4 .3 1.1 .4 12.5 16.3 .7 14.4 4.1 56.2 -5.3 3.1 7.5 12.8 -7.5 1.0 .9 .2 1.0 .9 .2 3.7 2.4 11.1 9.6 August 2000 • SURVEY OF CURRENT BUSINESS U.S. manufacturing companies, particularly in transportation equipment. In contrast, the gross product of Japanese-owned affiliates increased only 4 percent, reflecting little new direct investment from Japan.7 Although there was largescale new investment from the United Kingdom in 1998, the gross product of British-owned affiliates decreased as a result of selloffs (mainly of minority-owned affiliates) and of reductions in the value added of existing affiliates (which partly reflected unfavorable conditions in the world market for petroleum products). These factors were also primarily responsible for a large decrease in the gross product of Netherlandsowned affiliates. By industry of affiliate In 1998, affiliates classified in manufacturing accounted for more than half of the gross product of all nonbank affiliates (table 3). Among other sectors, the gross product of affiliates was largest in wholesale trade, which includes a number of large affiliates with substantial secondary operations in manufacturing. Manufacturing's share of total affiliate gross product increased from 49 percent in 1997 to 54 percent in 1998. Within manufacturing, the gross product of affiliates classified in transportation equipment more than doubled, mainly as a result of new foreign acquisitions and of changes in the industry classification of affiliates with operations in more than one industry.8 Affiliate gross product 7. In 1998, as in 1997, outlays by Japanese direct investors accounted for less than 5 percent of the total outlays by foreign direct investors to acquire or establish businesses in the United States. See table 4 in Howenstine and Troia, "New Investment in 1999," 58. Selected Investing-Country Shares in the Gross Product of AN Nonbank U.S. Affiliates, 1994 and 1998 also increased substantially in plastics and rubber products, in primary metals, and in petroleum and coal products. In plastics and rubber products and in primary metals, the increases reflected both new acquisitions and expansions in the operations of existing affiliates. In petroleum and coal products, a large increase in gross product from new foreign acquisitions was partly offset by reductions in the value added of existing affiliates that reflected the unfavorable conditions in the world petroleum markets. Outside of manufacturing, new acquisitions 8. Each U.S. affiliate is classified in the industry that accounts for the largest portion of its sales. Many U.S. affiliates are involved in a variety of business activities; changes in the mix of these activities can cause an affiliates's industry classification to change, but an affiliate is reclassified only if the change in the primary activity from the preceding year is significant or if the change has persisted for 2 years. Table 3.—Gross Product of Nonbank U.S. Affiliates by Industry of Affiliate, 1997 and 1998 Millions of dollars 1997 Oermany ' . : . ' . , . Japan Canatfe 1998 Percentage of allindustries total 1997 1998 Addendum: Percent change in affiliate gross product, 1997-98 All nonbank affiliates: All industries Manufacturing Food Petroleum and coal products Chemicals Plastics and rubber products Nonmetallic mineral products Primary metals , Fabricated metal products Machinery Computers and electronic products Electrical equipment, appliances, and components Transportation equipment Other Wholesale trade Retail trade Information Finance (except depository institutions) and insurance Real estate and rental and leasing Professional, scientific, and technical services Other industries 7.4 389,432 418,138 100.0 100.0 190,635 224,372 49.0 53.7 17.7 11,092 23,476 41,199 7,772 12,005 8,526 8,275 13,856 18,177 10,796 26,445 42,935 9,157 11,793 9,847 7,402 14,622 19,402 2.8 6.0 10.6 2.0 3.1 2.2 2.1 3.6 4.7 2.6 6.3 10.3 2.2 2.8 2.4 1.8 3.5 4.6 -2.7 12.6 4.2 17.8 -1.8 15.5 -10.5 5.5 6.7 9,534 14,694 22,029 9,925 36,056 25,991 2.4 3.8 5.7 2.4 8.6 6.2 4.1 145.4 18.0 49,375 24,960 27,838 51,292 26,032 23,186 12.7 6.4 7.1 12.3 6.2 5.5 3.9 4.3 -16.7 27,820 8,987 6,347 53,469 23,954 9,679 7,961 51,662 7.1 2.3 1.6 13.7 5.7 2.3 1.9 12.4 -13.9 7.7 25.4 -3.4 313,655 352,756 100.0 100.0 12.5 169,279 201,870 54.0 57.2 19.3 9,929 19,764 38,050 7,136 11,472 5,155 6,506 12,778 17,425 9,716 23,252 39,637 8,357 11,242 6,328 6,776 13,667 17,810 3.2 6.3 12.1 2.3 3.7 1.6 2.1 4.1 5.6 2.8 6.6 11.2 2.4 3.2 1.8 1.9 3.9 5.0 17.6 4.2 17.1 -2.0 22.8 4.2 7.0 2.2 9,020 12,970 19,074 9,545 33,862 21,678 2.9 4.1 6.1 2.7 9.6 6.1 5.8 161.1 13.7 44,489 15,901 11,483 47,122 17,043 13,746 14.2 5.1 3.7 13.4 4.8 3.9 5.9 7.2 19.7 23,550 7,027 5,619 36,307 19,970 7,678 6,665 38,663 7.5 2.2 1.8 11.6 5.7 2.2 1.9 11.0 -15.2 9.3 18.6 6.5 Majority-owned affiliates: All industries Manufacturing Food Petroleum and coal products Chemicals Plastics and rubber products Nonmetallic mineral products Primary metals Fabricated metal products Machinery , Computers and electronic products Electrical equipment, appliances, and components Transportation equipment Other U,& &Gp&imt£ of Commerce, Bunwu of Economic Aradysfe 145 Wholesale trade Retail trade Information Finance (except depository institutions) and insurance Real estate and rental and leasing Professional, scientific, and technical services Other industries , 146 • August 2000 SURVEY OF CURRENT BUSINESS boosted the gross product of affiliates in professional, scientific, and technical services. Decreases in affiliate gross product in finance (except depository institutions) and insurance and in information were mainly due to selloffs. In information, the decrease was more than accounted for by selloffs of minority-owned affiliates. Employment In 1998, employment by affiliates increased 8 percent, the fastest rate of increase since 1989 (table 4). The increase, from 5.2 million to 5.6 million, was mainly due to foreign acquisitions of existing U.S. companies. The affiliate share of U.S. private industry employment increased from 4.9 percent in 1997 to 5.2 percent in 1998 after remaining in the narrow range of 4.9-5.0 percent for several years.9 The 9. Because U.S. affiliates tend to be relatively concentrated in less labor-intensive sectors of the economy (such as manufacturing), the affiliate share of employment has consistently been lower than the affiliate share of gross product. Table 4.—Employment of Nonbank U.S. Affiliates of Foreign Companies, 1977-98 Percentage of U.S. privateindustry employment Thousands of employees All nonbank affiliates 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997' 1998' . . Majorityowned nonbank affiliates 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 5,201.9 5,633.0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2,602.7 3,119.0 3,573.4 3,841.7 3,991.3 3,903.9 3,851.7 3,954.0 4,022.6 4,155.6 4,269.1 4,655.0 19.2 17.4 4.9 2.9 ^3.2 1.1 1.6 2.1 3.3 1.9 8.3 19.8 14.6 7.5 3.9 -2.2 -1.3 2.7 1.7 3.3 2.7 9.0 All nonbank affiliates 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 5.2 Majorityowned nonbank affiliates n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 3.0 3.5 3.9 4.2 4.4 4.3 4.1 4.1 4.0 4.1 4.0 4.3 Addendum: Gross product of majority-owned nonbank affiliates as a percentage of that of all nonbank affiliates n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 80.7 81.1 79.2 81.1 81.9 82.8 80.8 81.7 81.4 81.4 82.1 82.6 Percent change from preceding year: 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 r 1998' pr Preliminary. Revised. n.a. Not available. NOTES.—for improved comparability with U.S.-affiliate employment, U.S. private-industry employment was adjusted to exclude employment in depository institutions and private households. For consistency with the coverage of the data on U.S. private-industry employment, 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. share of employment for majority-owned affiliates also increased, from 4.0 percent to 4.3 percent. By industry At the broad sectoral level, the affiliate share of U.S. employment in 1998 was highest in mining (15.5 percent), followed by manufacturing (13.4 percent), information (7.5 percent), and wholesale trade (6.6 percent) (table 5).10 For majority-owned affiliates, the shares in U.S. employment were also highest in mining (13.7 percent) and manufacturing (12.0 percent); however, the share in information (4.9 percent) was lower than that in wholesale trade (5.9 percent). Majority-owned affiliates accounted for about 90 percent of affiliate employment in the mining, manufacturing, and wholesale trade sectors, but they accounted for less than twothirds of affiliate employment in information. Within information, majority-owned affiliates accounted for less than one-fourth of affiliate employment in broadcasting and telecommunications, a subsector that includes industries that have been subject to restrictions on foreign ownership. Among the subsectors in manufacturing, the affiliate share of all-U.S.-business employment in 1998 was highest in chemicals (35.4 percent). Within chemicals, affiliates accounted for nearly 50 percent of employment in pharmaceuticals and medicines, a research-intensive industry that is characterized by proprietary assets that favor the internalization of production activities within large multinational firms. In contrast, the affiliate share of employment was less than 3 percent in two low-technology manufacturing subsectors— wood products and furniture and related products. The affiliate share of employment in manufacturing increased from 12.4 percent in 1997 to 13.4 percent in 1998. Within manufacturing, the affiliate share increased the most in transportation equipment, in paper, and in beverages and tobacco. In transportation equipment, the affiliate share of employment in motor vehicles, bodies and trailers, and parts jumped from 18.5 percent to 28.2 percent, reflecting both foreign acquisitions of U.S. companies and expanded operations of existing affiliates. In paper and in beverages and tobacco, the increases in affiliate share largely reflected foreign acquisitions of minority ownership 10. Employment data by industry of sales are used to estimate shares; this basis approximates the establishment-based disaggregation of the corresponding data for all U.S. businesses. See the box "Using Employment Data to Estimate Affiliate Shares of the U.S. Economy by Industry" on page 148. SURVEY OF CURRENT BUSINESS 147 August 2000 Table 5.—Employment by Nonbank U.S. Affiliates by Industry of Sales, 1997 and 1998 Thousands of employees All nonbank affiliates All industries 2 Agriculture, forestry, fishing, and hunting , Mining, excluding oil and gas extraction .. Utilities Construction Manufacturing3 Food Beverages and tobacco Textile mills Textile product mills Apparel Leather and allied products Wood products Paper Printing and related support activities Petroleum and coal products4 Chemicals Pharmaceuticals and medicines Other Plastics and rubber products Nonmetallic mineral products Primary metals Fabricated metal products Machinery Computer and electronic products Electrical equipment, appliances, and components . Transportation equipment Motor vehicles, bodies and trailers, and parts .... Other Furniture and related products Miscellaneous manufacturing Percentage of total U.S. employment in nonbank private industriesl Majority-owned nonbank affiliates All nonbank affiliates Majority-owned nonbank affiliates 1997 1998 1997 1998 5,201.9 5,633.0 4,269.1 4,655.0 4.9 5.2 4.0 4.3 24.6 60.4 7.8 12.7 53.4 4.6 n.a. 1.3 1.2 n.a. 15.1 1.1 1.4 n.a. 12.7 .6 n.a. 13.3 .7 79.7 12.1 50.5 3.9 58.4 2,103.0 2,295.3 1,875.9 2,057.0 12.4 13.5 11.0 141.6 29.7 28.9 16.0 34.9 2.3 143.0 123.8 29.0 24.7 126.3 30.5 22.0 9.6 16.8 7.4 6.8 11.6 13.7 85.4 52.6 37.8 23.4 63.9 8.9 69.2 61.4 53.4 39.3 305.6 97.7 207.9 140.5 109.8 92.9 119.4 200.6 258.4 115.5 242.2 210.9 31.4 16.3 82.5 36.2 26.4 16.3 28.5 2.9 312.8 101.2 211.6 147.9 121.9 99.3 127.0 200.9 266.7 11.4 20.9 1.4 8.3 44.5 52.3 31.0 281.2 92.6 188.6 127.8 103.3 69.6 106.7 185.3 237.2 65.8 11.9 17.0 2.0 9.8 46.8 50.2 33.9 285.0 97.4 187.6 135.1 115.4 77.0 121.4 186.7 247.1 110.5 34.1 110.4 220.7 190.2 30.5 15.7 87.3 15.6 70.9 336.8 303.8 33.0 15.5 76.1 115.2 357.8 323.8 1997 16.0 4.9 2.7 2.0 10.7 6.4 18.1 34.8 49.1 30.7 13.7 21.8 15.2 1998 21.0 6.8 7.5 4.3 3.6 2.4 15.0 6.2 18.2 34.7 46.6 31.0 14.4 24.0 16.1 7.0 6.8 14.2 15.3 19.4 13.1 18.5 4.4 2.7 18.7 27.8 4.6 2.6 11.4 11.8 13.9 15.9 19.1 1997 1.0 8.4 16.5 6.3 4.9 2.9 1.7 1.4 7.7 6.3 14.2 32.1 46.5 27.8 12.5 20.5 11.4 6.0 13.1 14.0 18.6 11.9 16.7 4.3 2.6 9.8 1998 1.1 12.1 8.6 17.6 5.7 5.5 2.5 2.5 1.7 8.2 5.9 16.3 31.6 44.8 27.4 13.1 22.7 12.5 6.7 12.9 14.7 18.4 17.6 26.1 4.4 2.6 10.3 Wholesale trade Retail trade Transportation and warehousing . 379.2 718.6 182.2 392.9 718.2 146.9 339.5 530.0 123.2 351.0 541.0 134.9 6.5 5.1 6.2 6.7 5.0 4.2 5.9 3.8 4.2 6.0 3.8 3.9 Information Publishing industries Motion picture and sound recording industries Broadcasting and telecommunications Information services and data processing services .., 266.5 71.5 35.3 129.0 30.6 238.5 81.8 30.0 95.1 31.6 140.7 62.0 33.8 14.9 30.1 154.5 72.8 29.7 22.1 30.0 8.7 7.1 12.8 9.0 8.8 7.6 8.1 10.6 6.5 8.2 4.6 6.2 12.2 1.0 8.6 4.9 7.2 10.5 1.5 7.8 Finance (except depository institutions) and insurance . Finance, except depository institutions Insurance carriers and related activities 221.3 78.1 143.3 235.2 93.1 142.1 192.8 73.1 119.7 198.1 81.5 116.6 5.8 5.3 6.1 6.1 6.1 6.1 5.1 5.0 5.1 5.2 5.4 5.0 Real estate and rental and leasing Professional, scientific, and technical services5 Management of nonbank companies and enterprises Administration, support, waste management, and remediation services Educational services5 Health care and social assistance5 Arts, entertainment, and recreation5 Accommodation and food services Other services (except public administration and private households)5 54.7 135.4 60.7 158.7 3.1 276.3 7.1 2.1 42.8 121.3 2.6 218.0 46.6 135.0 2.0 3.2 2.6 n.a. 3.8 2.8 2.0 3.3 3.1 2.1 3.4 2.7 n.a. 5.0 n.a. 2.1 3.4 3.8 n.a. 2.5 2.3 n.a. 3.0 2.4 1.5 2.7 2.3 1.9 2.6 2.3 n.a. 3.8 n.a. 1.6 2.1 2.2 n.a. Auxiliaries/except management of companies and enterprises Unspecified6 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" in this issue of the SURVEY OF CURRENT BUSINESS. For industries at the sectoral level or below, the data for 1997 are from the Census Bureau's 1997 Economic Census, and the data for 1998 are from the Census Bureau's County Business Patterns. 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 6; the latter are from BEA's Regional Economic Information System. The estimates in table 6, unlike those used for this table, do not exclude employment in depository institutions. In addition, the estimates used for table 6, 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. 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. 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 7. 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 Economy by Industry"), whereas in table 7, affiliate manufactur- 122.0 39.6 293.2 51.4 149.2 390.0 10.0 132.5 41.5 355.9 59.6 181.1 6.0 92.4 32.6 218.8 48.2 126.6 299.3 7.6 102.8 25.0 212.1 54.7 156.8 n.a. 41.4 32.8 33.8 40.2 ing employment consists only of employees on the payrolls 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 manufacturing in this table includes oil and gas extraction, which is excluded from the total in table 7. 4. For both U.S. affiliates and all U.S. businesses, includes oil and gas extraction. (See note below.) 5. The data on U.S. employment used to calculate the percentages shown on this line cover taxable establishments only. For this industry, a breakdown between employment in taxable and tax-exempt establishments is included in data from the 1997 Economic Census but not in the data from County Business Patterns. Employment in taxable establishments in 1998 was estimated by applying the ratio of employment in taxable establishments to total employment in the industry from the 1997 Economic Census data to the employment data from County Business Patterns. 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 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 10 largest sales categories, and affiliates that filed the short form had to specify only their 4 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. 148 • SURVEY OF CURRENT BUSINESS August 2000 shares in U.S. companies. The shares of employment in these two subsectors that were accounted for by majority-owned affiliates increased only marginally. Outside of manufacturing, the affiliate share of employment increased substantially in administration, support, waste management, and remediation services, largely as a result of foreign acquisitions of U.S. companies specializing in employment services. The affiliate share of employment decreased substantially in transportation and warehousing and in information. In both sectors, the decreases were mainly due to selloffs of foreign minorityownership shares in large U.S. companies. Within information, the effect of these selloffs was most pronounced in broadcasting and telecommunications, where the affiliate share decreased from 9.0 percent to 6.4 percent. A decrease in the affiliate share of employment in the motion picture and sound recording industries subsector mainly reflected foreign selloffs of majority-owned affiliates. By State In 1998, as in earlier years, the affiliate shares of private-industry employment were highest in Hawaii (10.4 percent), South Carolina (8.2 percent), and North Carolina (7.3 percent); these three States also had the highest shares for majorityowned affiliates (table 6). Employment in manufacturing accounted for more than one-half of af- filiate employment in South Carolina and North Carolina but for only 3 percent of affiliate employment in Hawaii (table 7). South Carolina ranked fourth among States in terms of the affiliate share of total employment in manufacturing (20.5 percent), behind the District of Columbia (23.4 percent), Kentucky (22.8 percent), and North Dakota (22.0 percent). The high affiliate shares in the District of Columbia and North Dakota partly reflect very small manufacturing employment totals relative to the totals in most other States.11 In 1998, employment by affiliates increased the most in Michigan and Illinois. In Michigan, employment by affiliates increased 64,000, largely as a result of foreign acquisitions in the motor vehicles and motor vehicle parts industries. The affiliate share of private industry employment in Michigan increased from 4.4 percent to 6.0 percent, and the affiliate share of manufacturing employment increased from 10.1 percent to 15.2 percent. In Illinois, employment increased 38,000, partly as a result of acquisitions in the food service and petroleum industries; the affiliate share of employment increased from 4.4 percent to 5.0 percent. Employment by affiliates also increased substantially in the other Great Lakes States. 11. According to data from the Census Bureau's County Business Patternsy there were 3,000 manufacturing employees in the District of Columbia and 23,000 manufacturing employees in North Dakota in 1998. About two-thirds of the manufacturing employees in the District of Columbia were employed in r printing and related support activities. Using Employment Data to Estimate Affiliate Shares of the U.S. Economy by Industry 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, 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 foreign-owned manufacturing establishments are analyzed in a number of SURVEY articles that can be accessed at BEA's Web site at <www.bea.doc.gov/bea/ai 1 .htm>. 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 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. 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 metal-manufacturing 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. SURVEY OF CURRENT BUSINESS August 2000 • 149 decrease; employment by majority-owned affiliates increased. In Hawaii, the decrease was also largely the result of selloffs; the affiliate share of employment decreased from 11.4 percent to 10.4 percent. Employment by affiliates decreased substantially in Minnesota and in Hawaii. In Minnesota, where the affiliate share of employment decreased from 4.5 percent to 3.6 percent, selloffs of minority-owned affiliates more than accounted for the Table 6.-Employment by Nonbank U.S. Affiliates by State, 1997 and 1998 Percentage of total private industry employment in the State ! Thousands of employees Majority-owned nonbank affiliates All nonbank affiliates 1997 2 1997 1998 All nonbank affiliates Majority-owned nonbank affiliates 1997 1998 1997 1998 Total ... 5,201.9 5,633.0 4,269.1 4,655.0 4.9 5.1 4.0 4.2 New England Connecticut Maine Massachusetts .. New Hampshire Rhode Island Vermont 344.8 89.1 32.0 377.1 98.1 32.2 178.4 36.0 20.8 11.6 302.0 81.8 22.3 145.7 26.9 18.2 7.1 326.2 89.0 22.0 157.3 30.2 18.7 9.0 5.9 6.1 6.7 5.8 6.2 4.8 3.9 6.3 6.6 6.6 6.2 6.9 5.1 4.7 5.1 5.6 4.7 5.2 5.3 4.6 2.9 5.4 6.0 4.5 5.4 5.8 4.6 3.6 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 913.3 19.1 11.2 91.8 212.5 353.5 225.2 993.0 24.9 13.9 94.1 235.5 774.2 14.9 7.3 830.9 17.9 9.5 62.6 66.4 386.6 238.0 192.3 297.4 199.7 199.3 325.9 211.9 5.2 5.6 2.8 4.8 6.6 5.1 4.7 5.5 7.0 3.4 4.8 7.1 5.5 4.8 4.4 4.3 1.8 3.3 6.0 4.3 4.1 4.6 5.0 2.3 3.4 6.0 4.6 4.3 Great Lakes 839.6 224.9 128.9 171.6 236.3 77.9 1,006.7 262.8 160.8 235.9 260.9 86.3 723.1 193.7 113.0 141.1 204.5 70.8 875.6 219.6 140.1 211.5 226.0 78.4 4.5 4.4 5.1 4.4 4.9 3.3 5.3 5.0 6.2 6.0 5.4 3.6 3.9 3.8 4.5 3.6 4.3 3.0 4.6 4.2 5.4 5.3 4.6 3.3 301.8 37.9 45.8 99.0 85.0 20.3 3.7 10.1 299.3 35.9 51.0 80.5 91.6 21.6 8.6 10.1 2222 32.1 30.5 63.9 236.1 14.3 3.3 9.6 15.0 8.1 9.4 3.7 3.1 4.3 4.5 3.7 2.8 1.4 3.4 3.6 2.9 4.6 3.6 3.9 2.9 3.3 3.3 2.8 2.7 2.8 2.9 3.0 2.0 1.3 3.2 2.9 2.5 2.9 2.9 3.1 2.0 3.1 3.1 1,372.7 66.0 34.0 242.3 191.0 90.0 58.3 22.9 226.3 119.5 147.5 147.3 27.6 1,454.9 74.8 37.2 264.0 200.7 1,124.2 52.5 29.6 174.3 160.6 71.9 46.2 17.3 195.6 111.4 127.1 117.5 20.2 1,192.4 58.6 30.9 185.5 171.9 74.8 46.5 18.3 206.9 116.3 134.5 124.2 24.0 5.4 4.2 3.6 4.3 6.1 6.1 3.8 2.5 7.1 8.1 6.5 5.4 4.9 5.6 4.7 3.9 4.5 6.2 6.2 3.8 2.5 7.3 8.2 6.7 5.5 5.1 4.4 3.3 3.1 3.1 5.1 4.9 3.0 1.9 6.1 7.5 5.6 4.3 3.6 4.6 3.7 3.2 3.1 5.3 5.0 3.0 1.9 6.3 7.6 5.8 4.5 4.2 Southwest ,.. Arizona New Mexico Oklahoma .... Texas 463.9 59.7 18.3 34.7 503.2 63.4 18.0 40.6 381.2 356.4 43.0 11.3 29.2 393.4 45.5 11.4 31.5 305.0 4.3 3.4 3.3 3.0 4.8 4.5 3.5 3.2 3.4 5.0 3.3 2.5 2.0 2.5 3.7 3.5 2.5 2.0 2.6 4.0 Rocky Mountain Colorado Idaho Montana Utah Wyoming 140.9 81.6 12.4 4.5 35.3 99.9 4.0 4.7 2.9 1.5 4.1 4.1 4.0 4.4 3.2 2.2 3.9 4.4 2.7 3.2 1.7 .9 2.8 3.0 2.8 3.2 1.7 1.5 2.6 3.4 Far West Alaska California Hawaii Nevada Oregon Washington 795.4 9.1 4.8 4.5 4.9 11.4 3.2 4.0 4.1 4.9 5.1 5.0 10.4 3.3 4.1 4.0 3.9 4.2 4.0 9.9 2.4 3.2 3.1 4.0 4.6 4.1 9.3 2.5 3.2 3.2 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Illinois Indiana Michigan Ohio Wisconsin Plains Iowa Kansas Mjnnesota Missouri Nebraska North Dakota . South Dakota Southeast.... Alabama . Arkansas Florida .... Kentucky Louisiana Mississippi North Carolina .. South Carolina , Tennessee Virginia West Virginia .... 163.6 31.6 19.1 9.4 351.2 7.1 ..... Puerto Rico Other U.S. areas3 Foreign4 569.6 50.2 26.5 52.4 87.6 17.4 10.2 1.9 93.4 59.7 24.0 238.8 125.4 155.4 152.2 29.3 68.5 272.9 143.1 79.6 14.2 6.9 34.6 7.8 95.4 56.1 831.7 10.6 603.2 45.4 27.9 54.9 89.7 648.5 8.5 467.7 43.5 19.7 41.8 67.3 678.8 9.5 16.8 7.3 13.8 7.5 1.9 14.4 7.0 n 7.1 2.8 24.2 5.2 * Less than 50 employees. 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 table 4 and the all-industries line of table 5, 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 abroad by U.S. businesses. They also 31.6 32.6 66.7 72.7 58.4 7.7 4.6 23.2 6.0 494.4 40.8 20.9 43.1 70.1 n 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. 150 • August 2000 SURVEY OF CURRENT BUSINESS Table 7.—Manufacturing Employment by Nonbank U.S. Affiliates by State, 1997 and 1998 Percentage of total employment by nonbank U.S. affiliates Thousands of employees Majority-owned nonbank affiliates All nonbank affiliates 1997 2 1997 1998 1998 Ail nonbank affiliates Majority-owned nonbank affiliates 1997 1997 Percentage of total manufacturing employment in the State1 1998 Majority-owned nonbank affiliates All nonbank affiliates 1997 1997 1998 1998 Total ... 2,063.7 2,260.7 1,846.3 2,033.1 39.7 40.1 43.2 43.7 12.2 13.3 10.9 12.0 New England Connecticut Maine Massachusetts... New Hampshire Rhode Island Vermont 108.7 26.7 12.9 43.8 14.6 7.2 3.5 117.1 32.0 12.3 44.3 17.5 7.6 3.4 100.1 24.2 11.5 40.3 13.9 7.0 3.2 110.3 29.6 11.2 42.2 16.9 7.3 3.1 31.5 30.0 40.3 26.8 46.2 37.7 37.2 31.1 32.6 38.2 24.8 48.6 36.5 29.3 33.1 29.6 51.6 27.7 51.7 38.5 45.1 33.8 33.3 50.9 26.8 56.0 39.0 34.4 11.2 10.6 15.7 10.5 14.8 9.5 8.2 12.2 13.0 15.3 10.8 17.2 10.2 7.6 10.3 9.6 14.0 9.3 7.5 11.5 12.0 13.9 10.3 16.6 9.8 6.9 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 284.6 7.6 .5 22.2 76.5 75.0 102.8 303.8 8.4 .7 22.1 76.0 82.0 114.6 263.8 6.2 .5 19.9 72.2 68.2 96.8 282.4 7.4 .6 20.4 71.4 74.5 108.1 31.2 39.8 4.5 24.2 36.0 21.2 45.6 30.6 33.7 5.0 23.5 32.3 21.2 48.2 34.1 41.6 6.8 31.8 37.5 22.9 48.5 34.0 41.3 6.3 30.7 35.8 22.9 51.0 12.8 18.5 17.5 13.5 18.7 9.5 12.4 13.9 19.3 23.4 13.5 18.8 10.9 14.0 11.8 15.1 17.5 12.1 17.6 8.7 11.7 12.9 17.0 20.1 12.5 17.6 9.9 13.2 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 454.6 104.4 85.5 84.1 135.9 44.7 552.7 117.1 115.1 125.8 144.1 50.6 408.7 95.3 79.0 72.1 120.8 41.5 495.8 105.0 104.5 111.1 127.4 47.8 54.1 46.4 66.3 49.0 57.5 57.4 54.9 44.6 71.6 53.3 55.2 58.6 56.5 49.2 69.9 51.1 59.1 58.6 56.6 47.8 74.6 52.5 56.4 61.0 11.7 11.8 13.7 10.1 13.8 7.9 14.1 13.3 18.1 15.2 14.5 8.9 10.5 10.7 12.6 8.7 12.3 7.4 12.7 11.9 16.4 13.4 12.8 8.4 Plains 127.3 21.4 116.5 21.1 129.5 20.8 17.7 30.4 42.6 47.6 61.6 38.4 42.4 52.1 45.8 59.3 39.6 52.4 65.7 50.2 45.1 55.3 58.7 45.5 36.5 54.8 65.8 54.3 45.6 58.6 61.3 61.7 40.4 9.4 9.1 8.9 8.5 11.3 8.4 6.8 7.7 10.3 9.2 5.0 3.8 42.2 56.5 37.6 32.8 49.5 44.3 40.5 35.6 9.0 10.0 9.0 12.5 9.0 22.0 8.3 8.6 8.9 7.9 7.5 10.2 7.9 6.8 7.5 9.4 8.5 9.0 8.0 11.2 8.4 21.5 7.9 14.0 9.7 Kansas Minnesota Missouri Nebraska North Dakota South Dakota 17.2 32.5 3.6 142.5 22.1 19.6 34.1 47.7 9.9 5.1 4.0 Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina ... South Carolina .. Tennessee , Virginia West Virginia 629.4 42.7 24.7 46.7 83.8 63.5 21.0 12.3 117.5 68.5 86.8 47.8 14.1 658.1 47.2 26.2 53.1 89.3 66.3 21.9 12.8 121.1 70.4 86.9 48.9 14.0 562.4 36.2 21.6 41.2 75.4 50.1 18.9 10.5 107.7 65.1 80.0 44.3 11.4 587.1 41.3 22.8 46.7 80.6 53.0 19.1 11.1 110.3 65.7 79.8 45.5 11.2 45.9 64.7 72.6 19.3 43.9 70.6 36.0 53.7 51.9 57.3 58.8 32.5 51.1 45.2 63.1 70.4 20.1 44.5 71.0 36.7 53.3 50.7 56.1 55.9 32.1 47.8 50.0 69.0 73.0 23.6 46.9 69.7 40.9 60.7 55.1 58.4 62.9 37.7 56.4 49.2 70.5 73.8 25.2 46.9 70.9 41.1 60.7 53.3 56.5 59.3 36.6 46.7 14.7 12.1 10.7 10.8 15.7 22.0 12.7 5.4 15.2 19.8 17.9 12.9 19.4 15.4 13.4 11.3 12.4 16.7 22.8 12.8 5.6 15.7 20.5 18.0 13.3 18.8 13.1 10.3 9.4 9.5 14.1 17.4 11.4 4.6 13.9 18.8 16.5 12.0 15.7 13.7 11.7 9.8 10.9 15.1 18.2 11.1 4.8 14.3 19.1 16.5 12.4 15.0 Southwest Arizona New Mexico Oklahoma Texas 166.9 15.5 3.9 15.6 131.9 186.5 16.6 3.5 16.5 149.9 150.9 13.4 3.8 15.1 118.6 172.3 14.2 3.4 15.6 139.1 36.0 26.0 21.3 45.0 37.6 37.1 26.2 19.4 40.6 39.3 42.3 31.2 33.6 51.7 43.5 43.8 31.2 29.8 49.5 45.6 12.3 8.0 9.8 9.5 13.7 13.4 8.3 8.6 9.8 11.1 6.9 9.6 9.2 15.2 12.4 12.3 7.1 8.4 9.3 14.1 Rocky Mountain Colorado Idaho Montana Utah Wyoming 34.4 19.4 3.6 .6 37.4 19.9 4.4 1.2 10.5 1.4 30.4 16.7 3.5 31.8 16.3 4.3 .6 9.2 1.4 24.4 23.8 29.0 13.3 26.3 21.1 26.1 25.0 31.0 17.4 30.3 17.9 31.9 29.8 49.3 21.4 33.9 26.9 31.8 27.9 55.8 13.0 39.7 23.3 8.9 11.2 5.4 3.1 7.8 17.8 9.5 11.5 6.6 5.8 8.4 15.7 7.9 9.6 5.3 3.1 6.9 16.6 8.1 9.4 6.4 2.9 7.4 15.7 253.8 1.7 193.3 1.2 5.1 21.2 206.3 1.5 154.4 216.2 1.4 163.3 1.1 4.9 31.3 25.1 18.5 27.0 30.9 16.5 32.5 2.8 19.6 41.4 34.6 30.5 16.0 32.0 2.6 18.3 38.6 34.9 31.8 17.6 33.0 3.0 25.4 45.5 37.3 31.9 14.7 33.0 2.7 23.4 42.9 38.5 10.2 13.9 10.2 9.3 13.7 10.2 9.2 10.4 14.0 10.6 8.3 13.1 10.0 9.3 8.5 13.9 8.5 8.6 13.2 8.9 7.6 8.9 11.6 8.9 7.6 12.6 8.7 8.0 8.6 .2 0 7.5 .2 0 7.4 .2 0 55.7 26.5 0 51.2 2.7 0 54.3 2.7 0 51.4 2.9 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. Iowa 42.1 9.0 1.5 , Far West Alaska California Hawaii Nevada Oregon Washington Puerto Rico Other U.S. areas 3 . Foreign4 9.3 1.5 245.4 1.5 185.3 1.4 5.2 21.7 30.3 9.7 2.7 0 15.3 28.8 37.9 8.4 1.5 3.5 .6 8.2 1.4 1.3 5.0 19.0 1. The data on employment in manufacturing used to calculate these shares for 1997 are from the Census Bureau's 1997 Economic Census; for 1998, the data are from the Census Bureau's County Business Patterns. 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 5 (see footnote 3 to table 5). For consistency with the coverage of the employment data for all U.S. manufacturing plants, 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, n.a. Not available. August 2000 • SURVEY OF CURRENT BUSINESS Trade in Goods U.S. affiliates have a major presence in U.S. trade in goods: In most years since 1977, affiliates have accounted for 20-25 percent of U.S. exports of goods and for 30-35 percent of U.S. imports of goods; these shares are much higher than affiliates' shares of either gross product or employment (table 8). The relatively high shares in trade partly reflect the activity of wholesale trade affiliates, which have served as conduits for flows of goods between the United States and the foreign investing countries.12 Affiliate trade in goods has been dominated by majority-owned affiliates: In the past decade, these affiliates have consistently accounted for more than 80 percent of affiliate exports and more than 90 percent of affiliate imports. Much of the trade in goods by affiliates—about 40 percent of exports and 70 percent of imports— is intrafirm trade (that is, trade between the affili12. In 1998, affiliates classified in wholesale trade accounted for 37 percent of affiliate exports and for 53 percent of affiliate imports. Wholesale trade affiliates played an even larger role in U.S.-affiliate trade in earlier years. 151 ates and their foreign parents or other member companies of their foreign parent groups). In most years, U.S.-affiliate intrafirm trade has accounted for 8-12 percent of U.S. exports and for 20-28 percent of U.S. imports. Almost all of the intrafirm trade of affiliates has been trade by majorityowned affiliates. Exports In 1998, exports of goods by U.S. affiliates increased 7 percent, to $150.8 billion, as a result of new foreign investments. In contrast, total U.S. exports of goods decreased 1 percent, reflecting a reduction in foreign demand that was associated with troubled economic conditions overseas, particularly in Asia. Thus, the affiliate share of U.S. exports of goods increased from 20.5 percent in 1997 to 22.1 percent in 1998. The increase in affiliate exports in 1998 was more than accounted for by foreign acquisitions of a few large U.S. manufacturing companies; exports by existing U.S. affiliates decreased, reflecting the Table 8.—U.S. Trade in Goods by Nonbank U.S. Affiliates, 1977-98 Millions of dollars U.S. exports of goods shipped by affiliates Total Of which: To the foreign parent group U.S. imports of goods shipped to affiliates Total Of which: From the foreign parent group U.S. exports of goods shipped by affiliates as a percentage of total U.S. exports of goods Of which: To the foreign parent group Total U.S. imports of goods shipped to affiliates as a percentage of total U.S. imports of goods Of which: From the foreign parent group Total All nonbank affiliates: 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 . 1994 1995 . 1996 1997' 1998' . 24,858 32,169 44,341 52,199 64,066 60,236 53,854 58,186 56,401 49,560 48,091 69,541 86,316 92,308 96,933 103,925 106,615 120,683 135,153 140,886 141,305 150,836 11,691 16,570 22,073 20,983 26,911 25,024 22,577 27,072 25,900 21,873 19,109 26,425 34,276 37,764 42,222 48,767 47,350 51,147 57,246 60,831 63,025 57,386 43,896 56,567 63,039 75,803 82,259 84,290 81,464 100,489 113,331 125,732 143,537 155,533 171,847 182,936 178,702 184,464 200,599 232,362 250,824 268,673 264,924 289,679 30,878 39,466 45,295 47,010 52,196 51,915 54,802 70,451 81,740 93,418 108,201 118,362 129,926 137,458 132,166 137,799 150,789 174,641 191,222 197,656 202,355 203,526 20.2 22.1 23.8 23.1 26.8 27.8 26.2 26.0 25.8 21.9 18.9 21.5 23.7 23.5 23.0 23.2 22.9 23.5 23.1 22.5 20.5 22.1 9.5 11.4 11.8 9.3 11.3 11.6 11.0 12.1 11.8 9.7 7.5 8.2 9.4 9.6 10.0 10.9 10.2 10.0 9.8 9.7 9.1 8.4 29.0 32.1 30.0 30.9 31.5 34.6 31.6 30.4 33.7 34.4 35.3 35.2 36.3 36.9 36.6 34.6 34.5 35.0 33.7 33.8 30.5 31.8 20.4 22.4 21.5 19.2 20.0 21.3 21.2 21.3 24.3 25.5 26.6 26.8 27.4 27.7 27.1 25.9 26.0 26.3 25.7 24.9 23.3 22.3 57,209 72,413 79,368 85,254 91,686 94,329 107,057 121,277 125,897 128,394 137,912 26,001 33,778 37,177 41,373 47,567 46,241 49,864 55,842 59,544 61,288 55,874 144,896 158,792 170,677 169,362 172,260 186,369 214,485 232,250 248,562 249,310 277,599 112,012 122,899 131,665 128,143 132,217 144,698 166,085 182,148 187,889 193,969 197,924 17.7 19.9 20.2 20.2 20.5 20.3 20.9 20.7 20.1 18.6 20.2 8.0 9.3 9.5 9.8 10.6 9.9 9.7 9.5 9.5 8.9 8.2 32.8 33.5 34.4 34.7 32.3 32.1 32.3 31.2 31.3 28.7 30.4 25.3 25.9 26.5 26.2 24.8 24.9 25.0 24.5 23.6 22.3 21.7 Majority-owned nonbank affiliates: 1988 1989 1990 1991 1992 1993 . 1994 1995 1996 1997 r 1998" ... Preliminary. NOTE.—The data on total U.S. exports and imports of goods that were used to calculate the shares shown in this table are Census-basis data published in BEA's international transactions accounts (see table 2, lines A1 and A9, in Douglas B. Weinberg, "U.S. International Transactions, First Quarter 2000," SURVEY OF CURRENT BUSINESS 80 (July 2000): 98-99). 152 • August 2000 SURVEY OF CURRENT BUSINESS troubled conditions in Asia, which has been a major market for U.S.-affiliate exports.13 Because the acquired affiliates had little or no established trade with their new foreign parent companies, foreign acquisitions did not have a comparable impact on intrafirm exports by affiliates. In fact, intrafirm exports by affiliates decreased 9 percent in 1998, and the share of these exports in U.S. exports of goods decreased from 9.1 percent to 8.4 percent. By country of UBO, exports by German-owned affiliates more than doubled, largely because of German acquisitions of U.S. companies (table 9). As a result, the share of exports by German-owned affiliates in affiliate exports of goods increased from 10.0 percent to 19.2 percent, and their share in total U.S. exports of goods increased from 2.0 percent to 4.2 percent. Intrafirm exports by German-owned affiliates, which were largely unaffected by the acquisitions, increased 13 percent, reflecting expanded activity by existing affiliates. Acknowledgments The 1998 annual survey was conducted under the supervision of Joseph R Cherry III, with contributions by Juris E. Abolins, Chester C. Braham, Emily D. Curry, Hien X. Dang, Constance T. Deve, Nicole Donnegan, Chris Goins, Charles R. Gravitz, David N. Hale, Earl R 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 R Smith, John R. Starnes, Diann L. Vann, Kimyetta Whitehead, and Dorrett E. Williams. Computer programming for data estimation and the generation of data tables was provided by Diane Young, Neeta Kapoor, and Tara O'Brien. 13. Data on the destination of U.S.-affiliate exports, which were most recently collected in the 1997 benchmark survey of foreign direct investment in the United States, indicate that exports to Asia and Pacific accounted for 41 percent of the total exports of U.S. affiliates in 1997. Table 9.—U.S. Trade in Goods of Nonbank U.S. Affiliates by Transactor and Selected Country of Ultimate Beneficial Owner,1996-98 U.S. exports of goods shipped by affiliates 1996 1997 Percentage of total U.S. exports of goods l Percentage of all-countries total Millions of dollars 1998 1996 1997 1998 1997 1996 Addendum:Percent change in affiliate exports, 1997-98 1998 Exports, total: 140,886 141,305 150,836 100.0 100.0 100.0 22.5 20.5 22.1 6.7 Canada France Germany Netherlands. Sweden 5,920 17,838 12,785 4,719 3,826 8,155 14,112 14,114 4,713 3,665 8,118 15,140 28,987 4,124 3,880 4.2 12.7 9.1 3.3 2.7 5.8 10.0 10.0 3.3 2.6 5.4 10.0 19.2 2.7 2.6 .9 2.9 2.0 1.2 2.0 2.0 .7 .5 1.2 2.2 4.2 .6 -.5 7.3 105.4 -12.5 5.9 Switzerland United Kingdom Japan Korea, Republic of Other 6,468 13,137 54,490 3,978 17,725 5,857 14,461 52,524 5,064 18,640 5,640 16,700 45,989 3,857 18,401 4.6 9.3 38.7 2.8 12.6 4.1 10.2 37.2 3.6 13.2 3.7 11.1 30.5 2.6 12.2 1.0 2.1 8.7 .6 2.8 2.1 7.6 .7 2.7 .8 2.4 6.7 .6 2.7 -3.7 15.5 -12.4 -23.8 -1.3 60,831 63,025 57,386 100.0 100.0 100.0 9.7 9.1 8.4 -6.9 2,806 3,638 3,714 2,185 1,374 2,993 2,959 5,263 2,303 1,785 2,851 3,053 5,941 1,980 1,493 4.6 6.0 6.1 3.6 2.3 4.7 4.7 8.4 3.7 2.8 5.0 5.3 10.4 3.5 2.6 .4 .6 .6 .3 .2 .4 .4 .8 .3 .3 .4 .4 .9 .3 .2 -4.7 3.2 12.9 -14.0 -16.4 2,359 2,687 34,108 1,598 6,362 2,347 3,408 31,841 3,667 6,459 2,702 3,446 26,969 2,274 6,677 3.9 4.4 56.1 2.6 10.5 3.7 5.4 50.5 5.8 10.2 4.7 6.0 47.0 4.0 11.6 .4 .4 5.5 .3 1.0 .3 .5 4.6 .5 .9 .4 .5 4.0 .3 1.0 15.1 1.1 -15.3 -38.0 3.4 80,055 78,280 93,450 100.0 100.0 100.0 12.8 11.4 13.7 19.4 Canada France Germany Netherlands . Sweden 3,114 14,201 9,071 2,534 2,452 5,163 11,153 8,852 2,410 1,880 5,267 12,086 23,046 2,144 2,387 3.9 17.7 11.3 3.2 3.1 6.6 14.2 11.3 3.1 2.4 5.6 12.9 24.7 2.3 2.6 .5 2.3 1.5 .4 .4 .7 1.6 1.3 .3 .3 .8 1.8 3.4 .3 .3 2.0 8.4 160.3 -11.0 27.0 Switzerland United Kingdom Japan Korea, Republic of Other 4,108 10,450 20,383 2,380 11,362 3,510 11,053 20,683 1,397 12,179 2,938 13,254 19,020 1,583 11,725 5.1 13.1 25.5 3.0 14.2 4.5 14.1 26.4 1.8 15.6 3.1 14.2 20.4 1.7 12.5 .7 1.7 3.3 .4 1.8 .5 1.6 3.0 .2 1.8 .4 1.9 2.8 .2 1.7 -16.3 19.9 -6.0 13.3 -3.7 All countries . Exports to the foreign parent group: All countries Canada France Germany Netherlands . Sweden Switzerland United Kingdom Japan Korea, Republic of Other Exports to others: All countries .., See the footnote and note at the end of the table. August 2000 SURVEY OF CURRENT BUSINESS Acquisitions of U.S. companies were also the major factor behind a 15-percent increase in exports by British-owned affiliates. These acquisitions had virtually no impact on intrafirm exports by British-owned affiliates, which increased only 1 percent. In contrast, exports by Japanese-owned affiliates decreased 12 percent, and exports by Koreanowned affiliates decreased 24 percent. These reductions, which mainly took the form of reduced intrafirm exports by wholesale trade affiliates, can be attributed to a falloff in Japanese and Korean demand for U.S. goods that resulted from the 1998 economic downturn in the two countries and the accompanying depreciation of their currencies against the U.S. dollar.14 The decrease in intrafirm 14. Data on the destination of U.S.-affiliate exports indicate that more than 70 percent of the intrafirm exports of Japanese-owned and Korean-owned affiliates were shipped to their respective home countries. 153 exports by Japanese-owned and Korean-owned affiliates more than accounted for the overall decrease in U.S.-affiliate intrafirm exports. Imports In 1998, imports of goods by U.S. affiliates increased 9 percent, to $289.7 billion, mainly as a result of foreign acquisitions of U.S. manufacturing companies. Total U.S. imports of goods increased 5 percent. Thus, the affiliate share of U.S. imports of goods increased from 30.4 percent in 1997 to 31.8 percent in 1998. As with exports, the imports of companies acquired in 1998 boosted the imports of U.S. affiliates from unrelated parties but had little effect on intrafirm imports: Imports by affiliates from unrelated parties increased more than a third, while intrafirm imports by affiliates increased less than 1 percent. The share of intrafirm imports by affili- Table 9.—U.S. Trade in Goods of Nonbank U.S. Affiliates by Transactor and Selected Country of Ultimate Beneficial Owner, 1996-98—Continued U.S. imports of goods shipped by affiliates Millions of dollars 1996 1997 Percentage of total U.S. imports of goods l Percentage of all-countries total 1997 1998 1998 1997 1996 Addendum:Percent change in affiliate imports, 1997-98 1998 Imports, total: All countries Canada France , Germany Netherlands Sweden Switzerland United Kingdom Japan Korea, Republic of Other 268,673 264,924 289,679 100.0 100.0 100.0 33.8 30.5 31.8 9.3 16,287 13,123 30,237 9,266 5,058 15,333 12,847 32,206 11,435 5,510 15,484 12,649 55,246 10,842 6,562 6.1 4.9 11.3 3.4 1.9 5.8 4.8 12.2 4.3 2.1 5.3 4.4 19.1 3.7 2.3 2.0 1.7 3.8 1.2 .6 1.8 1.5 3.7 1.3 1.7 1.4 6.1 1.2 .7 1.0 -1.5 71.5 ^5.2 19.1 7,960 13,573 126,424 10,801 35,944 6,633 15,309 120,693 9,229 35,729 6,815 15,555 122,315 11,001 33,210 3.0 5.1 47.1 4.0 13.4 2.5 5.8 45.6 3.5 13.5 2.4 5.4 42.2 3.8 11.5 1.0 1.7 15.9 1.4 4.5 1.8 13.9 1.1 4.1 .7 1.7 13.4 1.2 3.6 2.7 1.6 1.3 19.2 -7.1 Imports from the foreign parent group: 197,656 202,355 203,526 100.0 100.0 100.0 24.9 23.3 22.3 Canada France Germany Netherlands Sweden 12,133 7,314 23,320 5,034 4,561 13,092 6,987 25,993 6,512 5,130 13,204 6,162 29,305 7,391 5,866 6.1 3.7 11.8 2.5 2.3 6.5 3.5 12.8 3.2 2.5 6.5 3.0 14.4 3.6 2.9 1.5 .9 2.9 .6 .6 1.5 .8 3.0 .7 1.4 .7 3.2 Switzerland United Kingdom Japan Korea, Republic of Other 5,832 7,006 98,721 8,297 25,438 5,368 9,313 96,214 7,759 25,987 5,651 7,596 95,393 9,664 23,294 3.0 3.5 49.9 4.2 12.9 2.7 4.6 47.5 3.8 12.8 2.8 3.7 46.9 4.7 11.4 .7 .9 12.4 1.0 3.2 .6 1.1 11.1 .9 3.0 10.5 1.1 2.6 5.3 -18.4 -.9 24.6 -10.4 71,016 62,569 86,154 100.0 100.0 100.0 8.9 7.2 9.4 37.7 4,154 5,809 6,916 4,232 497 2,241 5,860 6,213 4,923 380 2,280 6,487 25,940 3,451 697 5.8 8.2 9.7 6.0 .7 3.6 9.4 9.9 7.9 2.6 7.5 30.1 4.0 .5 .7 .9 .5 .1 .3 .7 .7 .6 .3 .7 2.8 .4 .1 1.7 10.7 317.5 -29.9 83.4 2,128 6,567 27,703 2,504 10,506 1,265 5,996 24,479 1,470 9,742 1,164 7,960 26,922 1,337 9,916 3.0 9.2 39.0 3.5 14.8 2.0 9.6 39.1 2.3 15.6 1.4 9.2 31.2 1.6 11.5 .3 .8 3.5 .3 1.3 .1 .9 3.0 .1 1.1 -8.0 32.8 10.0 -9.0 1.8 All countries -11.8 12.7 13.5 14.3 Imports from others: All countries .-. Canada France Germany Netherlands Sweden Switzerland United Kingdom Japan Korea, Republic of Other *Less than 0.05 percent. 1. See the note to table 8. n .1 .7 2.8 .2 1.1 NOTE.—Affiliates of the nine countries listed in this table accounted for the largest shares of affiliate exports and imports in each of the years 1996-98. 154 • August 2000 SURVEY OF CURRENT BUSINESS ates in U.S. imports of goods decreased from 23.2 percent in 1997 to 22.3 percent in 1998. By country of ownership, imports by Germanowned affiliates increased 72 percent; the increase mainly resulted from German acquisitions of U.S. companies, which expanded imports from unrelated parties. Intrafirm imports by German-owned affiliates increased 13 percent, mainly reflecting increased imports by existing affiliates in the motor vehicle manufacturing and motor vehicle wholesale trade industries. Among the other investing countries, imports by Korean-owned affiliates (which have predominantly been by wholesale trade affiliates) increased 19 percent in 1998, reflecting increased imports by existing wholesale trade affiliates. Imports by Swedish-owned affiliates also increased 19 percent, reflecting expanded imports by existing affiliates. In contrast, imports by Netherlands-owned affiliates decreased, partly as a result of selloffs. For British-owned affiliates, a substantial increase in imports from unrelated parties that resulted from new acquisitions was largely offset by reduced intrafirm imports by existing affiliates. Data Availability This article presents a summary of the preliminary estimates from the 1998 annual survey of foreign direct investment in the United States. More detailed estimates will be published this fall; availability will be announced on the inside back cover of the SURVEY. Revised estimates will be published next year. Estimates of U.S. affiliate operations in 1977-97 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 1991-97 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/dil.htm>, or write to the Research Branch (BE-50), International Investment Division, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Tables 10 and 11 follow. August 2000 • SURVEY OF CURRENT BUSINESS 155 Table 10.1-Selected Data of Nonbank U.S. Affiliates by Industry of Affiliate, 1997 Millions of dollars Millions of dollars Total assets Gross property, plant, and equipment Expenditures for property, plant, Sales Net income Gross product and Compensation Thousands of employ- of ees employees equipment All industries U.S. exports of goods shipped by affiliates U.S. imports of goods shipped to affiliates 3,071,483 877,568 113,262 1,726,344 40,924 389,432 233,482 5,201.9 141,305 264,924 691,975 400,182 42,468 684,349 16,822 190,635 114,560 2,258.0 71,251 105,242 44,925 27,378 8,462 1,622 19,870 5,398 65,788 20,395 5,768 5,820 1,134 16,258 3,851 81,359 1,585 48,444 13,889 9,320 2,061 16,857 5,468 64,399 129 579 196 89 32 -84 11,092 5,477 3,264 6,680 1,892 2,321 2,846 1,632 2,712 1,206 143 235 2,669 10,882 192,552 43,959 23,004 78,774 20,959 25,856 93,870 34,426 14,221 25,015 7,418 12,790 10,244 3,972 1,305 2,784 15,443 4,911 2,820 4,002 16,257 3,865 1,737 7,710 1,428 143,138 35,110 18,002 49,906 20,105 20,016 Plastics and rubber products Nonmetallic mineral products Primary and fabricated metals Primary metals Fabricated metal products 21,105 34,305 69,215 32,920 36,295 16,722 26,687 40,080 26,485 13,595 1,531 2,977 4,519 3,261 1,258 24,037 28,698 67,388 39,113 28,275 Machinery Agricultural, construction, and mining machinery Industrial machinery Other 41,787 10,971 4,992 25,825 14,530 2,956 2,057 9,517 1,603 Computers and electronic products Computer and peripheral equipment Communications equipment Audio and video equipment Semiconductors and other electronic components Navigational, measuring, and other instruments Magnetic and optical media 67,322 8,158 16,651 29,797 2,157 6,149 5,839 (D) 16,866 6,790 11,435 2,200 3,$ (D) (D) Manufacturing Food Beverages and tobacco products Textiles, apparel, and leather products Wood products Paper Printing and related support activities Petroleum and coal products '.'. Chemicals Basic chemicals Resins and synthetic rubber, fibers, and filaments Pharmaceuticals and medicines Soap, cleaning compounds, and toilet preparations Other 662 391 91 967 376 6,078 756 354 226 1,023 (D) 967 215 411 582 379 5,077 2,057 23,476 3,376 1,699 4,034 156.3 32.1 76.5 10.7 63.3 38.7 51.6 41,199 9,567 5,047 16,371 4,772 5,443 25,557 5,389 2,914 10,831 3,231 3,191 394.6 80.5 48.3 145.5 57.7 62.6 1,095 7,772 12,005 16,800 8,526 8,275 5,605 6,509 11,063 5,399 5,663 125.2 134.3 226.0 94.4 131.6 5,236 3,183 2,053 49,843 11,108 5,916 32,820 891 245 111 535 13,856 2,623 1,805 9,429 10,336 1,729 1,336 7,272 217.8 42.3 24.5 151.0 8,698 2,064 1,397 5,238 6,974 2,270 89,304 14,828 25,912 -756 -1,183 18,177 1,048 6,073 3,606 4,107 2,500 14,272 1,458 4,160 2,972 3,367 1,866 14,238 1,476 4,570 27,750 4,623 6,751 2,848 6057 843 450 266.0 29.8 79.4 40.5 65.8 34.4 16.1 (D) 342 500 (D) 17,471 6,227 3,921 4,150 558 675 1,300 1,215 400 182 2,202 1,822 727 628 -fl (D) 192 (D) 460 244 618 265 1,740 1,052 918 529 2,792 2,417 2,554 3,679 1,550 9,189 6,393 2,795 902 913 3,791 Electrical equipment, appliances, and components 26,425 11,817 1,348 29,531 1,049 9,534 6,831 162.1 4,664 3,239 Transportation equipment Motor vehicles, bodies and trailers, and parts Other Furniture and related products Miscellaneous manufacturing 51,034 45,901 5,133 1,327 13,461 26,692 25,155 1,537 3,669 3,441 75,672 70,467 5,206 2,379 13,920 1,757 1,674 14,694 13,070 1,624 10,106 8,876 1,229 215.6 187.7 27.9 16.1 71.1 7,930 6,881 1,049 18,430 17,730 84 700 56 1,767 1,148 277,453 92,444 21,346 29,913 50,364 24,988 58,399 100,507 50,635 7,166 7,838 11,836 7,815 15,218 26,016 17,910 2,070 1,720 1,463 4,098 1,564 -614 2,115 498,101 117,520 35,365 48,439 94,230 69,762 132,784 62,222 4,816 2,053 4,924 14,684 5,902 29,843 151,005 49,781 15,324 25,580 28,652 7,196 24,472 49,757 28,992 20,766 31,769 23,052 8,717 4,232 2,890 1,342 96,218 67,607 28,611 1,256 1,171 1,791 4,006 13 363 1,778 3,644 143,603 38,830 24,343 77,985 9,747 8,414 338 252 (D) (D) R 164 81,011 19,936 13,974 44,240 8,956 35,284 2,862 2,158 2,445 64,587 5,150 5,521 52,728 3,248 49,480 1,188 1,553,681 849,234 704,447 38,563 8,311 30,252 7,753 2,817 4,937 116,891 105,549 11,342 94,385 88,251 6,134 7,800 6,973 18,790 3,535 5,805 1,426 8,024 4,735 1,283 1,689 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 Accomodation and food services Accomodation Food services and drinking places Miscellaneous services 219,334 4,620 58,498 16,654 13,519 35,737 15,958 13,271 12,527 33,453 27,822 5,631 15,096 142,841 2,897 49,459 10,152 5,889 29,496 •Less than $500,000. D Suppressed to avoid disclosure of data of individual companies. 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; 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 revised. 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 Retail trade Food and beverage stores Other 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 Finance (except depository instutitions) and insurance Finance, except depository institutions Insurance carriers and related activities Real estate and rental and leasing Real estate Rental and leasing (except real estate) Professional, scientific, and technical services Architectural, engineering, and related services Computer systems design and related services Management, scientific, and technical consulting 537 4,865 114 1,649 228 77 511 82 81 591 684 494 4,888 3,406 49,375 11,909 4,499 5,195 9,274 5,484 13,014 25,060 4,803 3,584 3,353 5,916 6,502 509.7 88.3 71.3 70.1 117.3 13.6 149.1 24,960 17,685 7,275 14,326 9,823 4,504 683.6 472.6 211.1 15,242 5,375 2,100 7,048 720 292.1 99.8 42.9 137.2 16.6 120.7 12.1 1,035 56 27,838 7,959 2,494 16,267 1,496 14,770 1,119 174,764 73,383 101,381 11,405 2,420 8,985 27,820 10,560 17,260 21,381 10,310 11,071 225.1 59.2 165.9 (D) (D) 0 (DD) ) 20,419 16,833 3,587 967 740 228 8,987 7,482 1,505 1,654 1,139 25 (D) (D) D 515 39.8 26.7 13.1 611 143 270 8 189 16,515 4,719 4,772 ^24 17 -531 6,347 1,585 1,844 5,955 1,410 1,942 85.1 26.4 24.7 596 141 -52 445 289 3.1 323 105 (D) 2,472 2,313 30.9 (D) 136 124 (D) 32 14,635 154,966 2,252 24,163 27,256 23,463 32,904 4,641 53,469 35,304 1,108.6 12.2 73.7 11.8 73.8 205.3 4,623 3,655 739 710 459 606 7,807 827 341 5,498 730 1,037 3,031 6,429 72 16 11 5,697 3,573 28,335 25,270 3,065 7,272 1,120 15,507 7,867 15,760 8,730 7,031 5,781 458 1,826 1,351 475 579 98 102 484 2,465 85 203 -14 1,913 -403 2,317 176 969 -9 -235 1,624 2,033 42 -255 527 543 -16 -230 903 967 6,081 717 416 10,964 2,196 4,190 12,654 -322 8,975 3,716 8,581 4,965 3,615 1,798 4,628 677 3,837 8,076 31 .6 7,758 2,884 5,527 2,538 2,988 1,471 280.8 104.2 275.9 114.9 161.0 70.3 806 224 1 0 1 4 282 3,859 (D) 148 157 (*) 3 (D) B 0 (D) fj D ) 0 d D D ) ) ) fl 90 786 2,299 D ) 370 1 3 D ) 5 5 0 33 156 • August 2000 SURVEY OF CURRENT BUSINESS Table 10.2-Selected Data of Nonbank U.S. Affiliates by Industry of Affiliate, 1998 Millions of dollars Millions of dollars Gross property, plant, and equipment Expenditures for property, plant, and equipment Sales 3,525,885 984,927 134,766 1,881,865 33,276 418,138 260,661 5,633.0 150,836 289,679 878,864 506,085 60,197 834,396 17,025 224,372 134,886 2,539.6 87,581 126,924 44,315 2,008 543 419 97 1,245 389 10,721 49,815 15,176 8,474 2,216 743 865 205 145 -30 -216 261 10,796 4,785 3,063 656 6,330 2,362 26,445 3,023 1,538 458 228 1,813 139 2,498 2,126 2,188 419 3,543 2,151 6,301 159.0 38.9 68.0 11.5 85.4 39.8 82.8 2,909 295 9,109 42,935 9,444 4,733 18,217 5,577 4,963 25,798 5,251 2,718 11,679 3,268 2,882 380.0 79.7 42.7 144.3 55.5 57.8 14,930 4,409 2,664 4,135 957 2,765 14,429 3,568 1,472 7,368 447 1,573 9,157 11,793 17,250 9,847 7,402 6,447 6,656 11,357 6,192 5,165 138.6 139.8 224.1 101.8 122.3 2,309 880 5,212 3,145 2,066 3,578 1,633 8,893 6,381 2,512 7,936 1,538 1,257 5,142 7,438 2,372 1,022 4,044 14,306 1,489 4,514 26,771 Total assets All industries . Manufacturing Food Net income Gross product Compensation of employees Thousands of employees Textiles, apparel, and leather products . Wood products Paper Printing and related support activities ... Petroleum and coal products 27,647 8,087 1,718 28,194 5,822 108,430 21,230 6,426 5,562 1,212 19,412 4,340 123,067 Chemicals Basic chemicals Resins and synthetic rubber, fibers, and filaments ... Pharmaceutjcals and medicines Soap, cleaning compounds, and toilet preparations . Other 199,557 45,587 22,238 84,579 21,460 25,693 95,562 36,826 12,429 26,291 7,370 12,647 10,683 4,334 1,297 2,933 609 1,510 141,875 33,425 17,726 52,334 20,542 17,847 3,226 862 Plastics and rubber products Nonmetallic mineral products Primary and fabricated metals .... Primary metals Fabricated metal products 24,562 37,397 66,493 37,041 29,452 19,007 28,151 42,093 30,510 11,583 2,215 2,860 4,369 2,973 1,395 26,037 30,208 66,578 41,636 24,943 391 1,840 Machinery ; Agricultural, construction, and mining machinery . Industrial machinery Other 42,770 9,271 4,920 28,580 15,285 2,597 2,242 10,446 1,680 362 205 855 236 14,622 2,666 1,750 10,206 10,398 1,622 1,343 7,434 209.7 38.0 23.8 1,113 49,751 10,943 5,673 33,135 Computers and electronic products Computer and peripheral equipment Communications equipment Audio and video equipment Semiconductors and other electronic components . Navigational, measuring, and other instruments .... Magnetic and optical media 81,604 9,869 23,760 (D) 34,017 3,118 6,367 464 1,215 97,391 17,303 26,685 -1,922 19,402 1,552 5,169 16,091 1,926 4,818 282.9 35.7 85.1 K 19,708 8,767 D ) 13,585 2,405 600 20,718 (D) Electrical equipment, appliances, and components . 30,535 13,445 2,338 Transportation equipment Motor vehicles, bodies and trailers, and parts .... Other Furniture and related products Miscellaneous manufacturing 143,045 137,267 5,778 67,302 65,652 1,047 27,640 1,650 515 9,460 13,024 12,739 285 76 1,165 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 283,125 87,124 23,747 29,733 51,368 24,911 66,242 101,759 44,443 7,761 7,988 14,237 8,926 18,403 24,447 15,319 1,915 1,553 1,689 1,076 2,895 491,520 109,545 40,201 52,812 95,891 60,213 132,859 51,304 30,817 20,487 32,834 24,900 7,934 4,395 3,036 1,359 97,275 70,662 26,613 156,163 51,457 23,312 77,942 25,843 52,099 3,452 58,106 6,279 4,394 46,053 3,486 42,567 1,380 9,175 998 573 7,420 532 6,889 184 74,060 23,676 11,909 35,036 10,913 24,123 3,439 1,034 452 -2,438 -175 -2,262 1,789,405 1,017,707 771,697 41,019 8,933 32,086 8,299 3,107 5,191 187,956 78,184 109,772 123,474 108,470 15,004 99,825 92,818 7,007 11,483 9,901 1,582 24,332 3,955 8,815 10,568 5,556 1,350 1,764 65 2,377 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 Accomodation and food services Accomodation Food services and drinking places Miscellaneous services 219,218 5,008 50,471 19,592 15,175 33,275 16,230 17,079 12,625 32,399 25,587 6,812 17,364 139,742 3,197 49,063 12,034 6,362 25,197 246 7,472 3,904 24,482 21,205 3,278 7,785 •Less than $500,000. D Suppressed to avoid disclosure of data of individual companies. NOTES.—Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499; F - 5 0 0 to 999; G—1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999; J—10,000 to 24,999; K-25,000 to 49,999; L—50,000 to 99,999; M—100,000 or more. Estimates for 1998 are preliminary. Retail trade Food and beverage stores. Other Information Publishing industries Motion picture and sound recording industries Broadcasting and telecommunications Broadcasting, cable networks, and program distribution Telecommunications Information services and data processing services Finance (except depository instutitions) and insurance Finance, except depository institutions Insurance carriers and related activities Rental and leasing (except real estate) Professional, scientific, and technical services Architectural, engineering, and related services Computer systems design and related services Management, scientific, and technical consulting Other 994 6,551 (D) 19,566 6,081 95,293 118 1,134 1,169 -57 1,644 692 951 -1,230 -1,147 (D) 114 147.9 71.8 36.7 U.S. exports of U.S. imports of shipped by affili- shipped to affiliates 3,,S 1,237 567 239 629 5,906 (D) 5,402 576 5$ 3$ 2,603 1,991 (D) J £3 1,157 9,925 7,284 167.6 4,957 2,967 6,957 6,823 36,056 34,204 1,852 604 21,140 19,793 1,348 430 5,698 368.2 337.6 30.6 14.9 128.6 24,609 23,205 1,404 72 2,262 45,241 44,488 753 65 1,336 27,760 4,427 4,162 4,090 6,427 938 7,714 526.9 74.5 78.8 74.3 123.8 12.7 56,127 3,732 2,153 4,607 14,313 4,940 162.9 26,381 155,164 46,354 18,041 25,993 31,757 6,146 26,873 26,032 19,164 14,928 10,598 4,329 679.2 496.7 182.6 1,401 13 1,387 4,089 425 3,664 14,877 6,016 1,882 5,917 1,334 4,583 1,062 266.9 105.1 38.2 106.0 19.9 86.0 17.6 870 717 149 1 0 1 2 208 163 23,186 9,595 2,387 9,616 2,433 7,184 1,588 10,292 1,372 8,920 23,954 7,130 16,824 22,733 11,391 11,341 234.9 65.9 169.0 4 4 0 49 49 0 21,121 17,257 3,864 1,411 1,042 368 9,679 7,872 1,807 1,772 1,219 554 39.1 24.0 15.1 747 179 326 14 229 20,541 5,348 7,481 499 7,212 -202 177 7,961 1,848 3,047 331 2,734 7,311 1,630 2,938 247 2,496 104.5 28.1 38.6 2.4 35.4 283 149 107 0 27 232 78 151 0 4 16,022 412 4,726 1,586 1,592 3,233 73 1,065 417 154,995 2,257 22,764 28,078 26,842 23,612 (D) 18,416 9,221 17,388 8,241 9,147 (D) 51,662 725 9,132 2,037 5,213 8,921 -330 10,323 4,306 9,081 4,489 4,591 2,255 36,394 449 4,707 605 1,241.9 4,542 406 3,664 53 196 2,790 94 548 2,887 1,652 1,301 351 1,266 32,865 169,701 163,260 6,441 1,763 21,604 134 80 823 3,884 1,062 -523 610 1,174 28 1,534 1,373 1,445 -72 -788 -421 63 -21 281 99 -1,573 436 -169 1,151 -155 599 449 150 8,192 51,292 9,965 5,436 7,006 10,926 4,952 13,007 4,541 5,608 37 9,186 3,317 6,058 2,291 3,767 12.8 67.8 9.5 83.9 171.2 .6 370.3 112.2 331 95.1 236.0 82.4 224 1,852 103 39 3 4 August 2000 • SURVEY OF CURRENT BUSINESS 157 Table 11.1—Selected Data of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1997 Millions of dollars Gross proporh/ erty, plant, dllU anrl equipment Total assets All countries 3,071,483 Canada Europe Austria Belgium Denmark Finland France '.... 877,568 Expenditures for property, plant, and equipment Millions of dollars Net oaies income Gross product Compensation Thousands of employ- of ees employees 113,262 1,726,344 40,924 389,432 233,482 5,201.9 U.S. exports of aoods shipped by affiliates U.S. imports of aoods shipped to affiliates 141,305 264,924 311,915 83,410 8,450 138,974 3,381 34,732 22,026 616.4 8,155 15,333 1,836,666 5,461 18,812 4,488 7,539 327,615 476,228 56,823 943,893 2,331 23,672 4,584 9,592 136,134 31,058 248,970 150,630 3,233.8 63,043 96,483 447 558 652 1,808 305,672 10,940 18,659 91,512 5,601 5,841 195,726 9,606 15,834 5,020 735 89 12,689 2,091 2,962 77,003 1,576 289 241 7,629 37 742 85 192 2,852 400 301 6.2 6,123 1,203 1,868 36,182 3,054 1,289 22,006 122.7 18.8 25.7 415.4 46,330 2,558 3,171 30,677 1,695 2,129 665.2 39.4 48.0 881 479 684 (D) 14,112 12,847 14,114 32,206 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 686 432 5,737 271,109 1,854 80,296 Norway Spain Sweden Switzerland United Kingdom Other 8,458 3,763 44,972 337,767 462,654 2,335 3,920 1,298 10,684 29,776 148,864 672 56 13,780 1,774 33,914 103,200 256,693 2,448 -17 199 170 3.6 52 646 60,506 28,470 2,616 54,260 2,420 13,682 6,603 168.7 5,297 9,910 South and Central America Brazil Mexico Panama Venezuela Other 38,159 10,229 8,745 3,895 12,253 3,037 17,496 1,130 2,622 1,319 9,950 2,475 1,347 34,439 4,069 8,430 2,292 17,915 1,732 1,775 7,903 2,921 58.4 2,504 214 344 79 485 225 45 131 299 5.0 1,294 -191 1,418 1,018 587 40 5,258 395 721 734 149 9.8 3.6 931 721 514 261 77 8,412 1,206 2,596 701 27.0 12.9 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles United Kingdom Islands, Caribbean Other 22,348 1,392 12,229 3,996 4,643 10,974 1,268 19,821 645 5,778 3,681 110.3 2,792 1,498 923 88 51 72 630 372 190 3 15 (D) (D) 32 2 32 750 264 449 4 Africa South Africa Other 11,931 8,157 3,773 9,504 (D) (D) (D) 545 (D) (D) Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other 29,543 3,294 6,806 5,552 136,151 1,137 Latin America and Other Western Hemisphere Asia and Pacific Australia China .• Hong Kong Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan ; Other ; United States Addenda: European Union ( 1 5 ) ] OPEC2 459 603 39 137 8,203 579 233 1,681 3,691 16,015 2 $ 80 (D) (D) 20,436 1,585 902 25,280 2,598 1,290 962 929 8,362 2,252 2,446 692,399 54,923 1,173 7,798 1,028 587,197 15,548 2,034 1,154 236,107 18,289 38,501 2,004 513 74 567 54 226 (D) 12,530 11,192 10,243 11,945 2,225 4,310 6,577 13,340 1,402 762 4,418 129,425 (D) 438 (D) 129 246 39 514 334 322 5,543 5,573 521 187,559 5,661 1,071 804 159 5,723 9,257 978 31,571 1,657 949 507 14,733 414 5,737 529,294 26,932 1,903 6,132 1,366 450,976 21,803 1,433 2,008 92 93 -1 -46 338 340 1,402 3,515 65 (D) 204 (D) 4,713 11,435 861 82 1,202 7.9 103.7 352.3 981.0 3,665 5,857 14,461 5,510 6,633 15,309 207 675 164 529 6,070 34,740 17,391 13.4 393.5 -76 -78 1,874 1,324 34.2 315 306 1,122 3,434 11,536 8,504 26,331 78,289 4,905 20,785 43,024 2.8 ( ) 305 226 7.9 218 (D) 95 -4 3,239 2,220 75.8 (D) (D) 18 R 17 J I .5 348 272 77 2,870 2,218 1,342 1,182 22.6 20.4 652 160 2.2 1,175 7,481 2,556 95.2 52 578 13 629 -11 -85 511 892 192 9.0 4.2 3.1 194 405 107 111 856 47 1,503 1,031 51.9 757 404 (D) (D) 152 63 20 -1,214 74,541 5,488 47,395 3,676 1,013.9 81.2 62,201 1,235 28 231 1.8 ^29 4,189 1 322 115 848 237 2,561 -1,126 63,017 39,090 671 425 225 97 717 965 327 256 19 588 1,463 25.4 1.6 34.3 9.7 (E>) 88 D 443 271 R (D) 14 0 (D 40 113 129 1,316 30 812.3 18.8 ( ) 52,524 5,064 120,693 9,229 9.4 4.8 .7 9.8 183 (D) 4 177 (D) 635 (D) 349 108 54 -85 51 1,471 4,514 11,261 -029 -267 1,693 1,107 26.5 1,151 2,530 91 858 -73 192 167 4.6 (D) 71 184 45 12 772 D D 128,523 23,413 ( ) 23,451 2,971 7,156 2,930 51.3 ( ) 950 1,488,049 37,641 441,778 30,902 52,479 2,098 824,329 36,402 27,720 1,896 220,430 11,475 128,229 2,113 2,841.5 51.9 56,212 87,840 8,389 * Less than $500,000. D 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, Indonesia, Iran, Iraq, 6,046 2,633 1,321 15,303 759 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; 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. Estimates for 1997 are revised. 158 . August 2000 SURVEY OF CURRENT BUSINESS Table 11.2—Selected Data of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1998 Millions of dollars Millions of dollars Gross property, plant, ana anri equipment Total assets Expenditures for property, plant, and equipment Sales 289,679 ates 418,138 260,661 5,633.0 150,836 2,868 40,425 26,831 661.9 8,118 15,484 73,616 1,080,158 2,734 104 1,494 22,434 188 4,704 548 11,750 142,434 11,120 25,779 267,066 168,292 3,563.5 80,329 119,590 445 496 414 2,234,177 8,038 16,359 5,762 10,085 387,383 565,455 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 427,162 21,658 21,878 128,707 9,039 6,796 796 457 3,238 320,861 1,884 90,123 11,785 Norway Spain Sweden Switzerland United Kingdom Other 10,744 3,541 45,528 454,836 493,554 2,753 4,466 1,460 11,809 32,360 171,094 1,477 4,308 16,520 689 65 19,492 2,036 34,423 105,372 269,069 2,695 801 ees U.S. imports of goods snipped 33,276 95,562 12,995 2,250 4,163 86,363 of U.S. exports of goods snipped by affiliates 153,157 134,766 1,881,865 984,927 371,546 Europe Austria Belgium Denmark Finland France Gross product Thousands of employ- employees 3,525,885 All countries Canada Net income Compensation 11,403 22,779 791 1,056 37 149 939 256 282,786 13,752 16,723 777 3,401 145,575 42 867 62 392 1,505 8,780 -169 75 20 109 413 348 6.9 6,035 1,328 2,806 37,349 2,978 1,724 25,512 129.0 19.0 32.2 525.7 66,597 3,833 3,604 42,632 2,102 2,688 782.4 64.8 61.4 975 244 696 175 339 1,200 29,464 16,199 -274 2,105 2.8 11.3 406.8 511 1,185 15,140 1,200 . 808 2,085 12,649 28,987 55,246 360 366 1,296 2,995 66 (D) 222 4,124 10,842 443 401 8.8 755 (D) 842 290 4,395 8,499 7,679 28,039 76,214 5,079 21,339 43,937 105.3 375.5 986.8 3,880 5,640 16,700 6,562 6,815 15,555 16 218 151 2.9 46 (D) -98 359 1,714 41.9 75,307 33,700 3,779 60,235 972 16,995 8,728 222.0 5,537 10,276 South and Central America Brazil Mexico Panama Venezuela Other 36,210 9,620 7,807 3,362 12,175 3,247 18,406 1,271 2,801 1,298 10,302 2,733 1,292 490 20 132 8,418 3,045 61.9 2,310 224 310 63 445 251 33,493 3,926 9,217 2,601 15,360 2,389 749 720 599 115 127 8,880 1,311 3,001 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles United Kingdom Islands, Caribbean Other 39,097 2,487 24,778 4,851 8,158 15,295 077 oil 8,355 3,262 2,745 95 56 Africa South Africa Other 12,923 8,381 4,542 10,552 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other 17,959 3,150 2,058 Latin America and Other Western Hemisphere Asia and Pacific Australia China Hong Kong Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other United States Addenda: European Union ( 1 5 ) i OPEC2 1 91R , 299 4.7 1,059 -191 943 554 -26 5,301 432 721 751 215 29.2 13.4 26,743 482 8,577 5,683 160.1 I 3,227 1,396 1,291 18,474 5,806 3,739 3 $ 89 1009 ' 19 5^ 19 118.3 J 19.1 (D) 706 6 6y -40 k) (D) 402 (D) 12,233 11,399 263 325 -61 2,543 2,018 1,315 1,129 525 187 2.3 11,503 1,274 4,614 2,055 73.1 943 71 144 51 16,094 2,568 526 432 197 9.2 2.7 2.5 R 2,054 974 920 7,059 2,497 2,222 3,978 2,514 1,095 ( ) 149 670,164 59,088 1,210 7,967 241,368 15,630 39,498 1,628 782 440 53 527 39 560,799 15,205 1,852 195,747 6,090 33,769 1,691 914 173 164 111 11 13 520 597 237 566 5,502 834 578 439 -43 146 206 194 42 2,956 -106 255 742 446 76 101 844 72 515 535,198 27,764 1,673 6,652 1,016 453,381 23,784 1,292 1,239 -392 -720 78,714 6,633 50,250 4,066 831 487 8,675 D -4 2,463 9.1 5.5 .5 17 2 200 (D) ( ) 141 350 (D) 788 (D) (D) 875 747 128 814 396 2,358 31.2 66 (D) 74 21 1,031.0 83.8 54,303 1,404 140,248 1,307 20.7 18.4 25.2 2.3 R(°) D (D) 13 P 50 195 36 1,771 126 868 189 31.4 6.7 ( ) 90 42 1,591 256 2,059 -941 65,482 1,254 41,577 1,144 835.9 20.1 45,989 3,857 122,315 11,001 123 -2 -31 53 351 103 102 870 288 107 20 573 7.0 3.3 .9 239 60 4 242 15 (D) 21 395 285 2.3 53 38 7,385 13,675 1,367 5,053 10,110 1,049 4,851 12,524 -<313 -708 1,372 1,093 11.0 24.1 1,108 2,951 979 87 897 -69 233 199 4.4 (D) (D) 143,808 26,785 n 24,791 3,346 7,780 3,191 60.7 946 849 1,765,758 28,873 527,852 24,314 68,288 2,192 952,412 27,199 21,643 236,534 9,223 144,953 2,114 3,141.0 47.6 73,825 110,656 5,159 * Less than $500,000. D Suppressed to avoid disclosure of data of individual companies. 1. The European Union (15) comprises Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, :aly, Luxembourg, Netherlands, Portugal, Spain, Sweden, and the United Kingdom. 2. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Indonesia, Iran, Iraq, 160 1,582 944 440 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; F—500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; 1-6,000 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 1998 are preliminary. August 2000 159 SURVEY OF CURRENT BUSINESS State Personal Income, First Quarter 2000 By Duke Tran The quarterly estimates of State personal income are prepared by the Regional Economic Measurement Division. ( T N the first quarter of 2000, U.S. personal in± come increased $127.3 billion, or 1.6 percent (table A).1 First-quarter highlights include the following: • The 1.6-percent growth rate in personal income was a step-down from the 1.9-percent growth rate in the fourth quarter of 1999. Forty States and the District of Columbia had growth rates in personal income that exceeded the 0.9-percent increase in prices paid by U.S. consumers. In Vermont, North Carolina, Alaska, Georgia, and Florida, personal income grew the fastest (chart 1). In North Dakota, Nebraska, Kansas, South Dakota, and Iowa, personal income declined. 1. In this article, dollar changes are expressed at seasonally adjusted annual rates, and percent changes are expressed at quarterly rates. Personal Income: Percent Change, 1999:IV-2000:l f £ • ; NH 1.4 WA 1.3 --..._-_.... r MT 0.5 J I OR 1.9 i—" / ND -2.7 - WY 1.4 ! \ V NE -2.1 NV 2.1 ' " : " ' - - - - ' • \ A-0.5 :; - KS -1.6 I IN WV 1.8 ''-/"~ TN 2.3 t "*^ \ " • • _ • • sc 2.2 ' °" AL 19 •, 6A2.4 \ •;_,_, '\ UNITED STATES \ 4""' Fastest growing States \ w All other States \ \ U.S. Department of Commerce, Bureau of Economic Analysis FL Z.4,\ 1.6% Negative growth States . -' " \ \ HI 1.6 1 2 MD 2.0 DC 1.2 i ? MS 1 . L A / DE 1.6 VA 20 " NC 2.8 A- Rl 1.4 CT 0 6 NJ 2.0 OH 1.- !13 AR 0.3 /' TX 1.6 .-*'' •'-,_/-'-lKY21 MO 1.1 OK 1.0 NM 1.7 NY 2 0 PA 2.1 CO 1.2 AZ 2.2 A MA 1.0 Ml 1.8 ,J IL0.6 \ ' \1 ,rx '. •-•—r UT 1.9 ',' CA 1.7 ME ''''••-.,",.* : ; < . ', Wl 0.8 .'•' I*' SD -1.1 \ '22W ^MN 1.5 J ID 1.3 ; \ VT29 \ rj- 1 160 • August 2000 SURVEY OF CURRENT BUSINESS Table A.—Personal Income by Component, by State and Region, 1999:IV-2000:l [Seasonally adjusted] Percent change* Percent change in personal income l Net earnings 2 Personal income Net earnings 2 Dividends, interest, and rent United States 1.6 1.5 1.8 1.7 1.6 New England Connecticut Maine Massachusetts ... New Hampshire . Rhode Island Vermont 1.1 .6 2.2 1.0 1.4 1.4 2.9 .8 .3 2.3 .6 1.1 1.1 3.4 1.8 1.3 2.0 1.8 2.5 2.0 2.0 1.7 1.6 1.8 1.7 1.6 1.6 1.9 1.1 .6 2.2 1.0 1.4 1.4 2.9 Mideast 2.0 1.6 1.2 2.0 2.0 2.0 2.1 2.2 1.5 1.5 2.2 2.1 2.1 2.4 1.7 1.8 -.2 1.6 2.0 1.6 1.6 1.6 2.3 1.5 1.6 1.6 1.7 1.4 1.2 .6 1.3 1.8 1.7 .8 1.0 .1 1.3 1.8 1.8 .3 1.8 1.7 1.5 2.0 1.6 2.1 .1 -.5 -1.6 1.5 1.1 -2.1 -2.7 -1.1 -.4 -1.1 -2.7 1.2 1.0 -<3.4 -3.8 -1.8 2.1 1.9 .3 2.4 2.4 2.1 1.0 1.2 2.6 2.2 2.3 2.0 1.8 Southwest Arizona New Mexico . Oklahoma Transfer payments 0.2 127,274 83,743 26,215 17,316 .2 .2 .3 .2 .2 .3 .3 5,120 821 690 2,192 553 411 452 2,610 283 475 980 311 214 347 1,518 299 121 735 179 119 66 991 240 94 477 64 78 40 .3 .4 0 ,3 .4 .3 .3 .2 .3 .2 .2 .2 .3 .2 29,689 388 242 3,425 6,069 12,257 7,307 21,747 244 208 2,666 4,450 8,725 5,454 4,526 84 -8 479 1,098 1,823 1,051 3,414 61 41 280 522 1,709 802 .7 .1 .9 1.2 1.2 .2 .3 .3 .3 .4 .3 .4 .2 .2 .2 .2 .2 .2 15,770 2,186 2,131 5,019 5,292 1,141 9,067 261 1,411 3,389 3,704 303 4,326 1,278 445 1,011 978 614 2,377 647 276 620 610 224 .1 -.5 -1.6 1.5 1.1 -2.1 -2.7 -1.1 -.3 -.7 -1.9 .8 .6 -2.3 -2.3 -1.2 .2 0 .1 .5 .2 0 -.6 -.2 .2 .2 .1 .2 .3 .2 .2 .2 679 -407 -1,208 2,329 1,622 -1,024 -420 -212 -1,419 -533 -1,391 1,269 947 -1,115 -367 -227 1,014 -22 75 785 308 -14 -90 -30 1,085 148 108 275 367 103 38 46 1.9 1.3 2.1 1.9 .3 2.4 2.4 2.1 1.0 1.2 2.6 2.2 2.3 2.0 1.8 1.4 1.3 -.2 1.5 1.9 1.5 .5 .6 1.8 1.6 1.7 1.6 1.2 .4 .3 .2 .5 .3 .3 .3 .3 .5 .3 .3 .3 .3 .3 .3 .3 .3 .2 .3 .3 .4 .3 .3 .3 .2 .3 36,747 1,906 166 10,118 5,235 1,994 1,047 711 5,277 2,071 3,275 4,241 705 25,301 1,274 -141 6,646 4,018 1,388 535 348 3,608 1,469 2,394 3,299 463 6,637 323 137 2,146 753 318 255 149 1,080 316 464 569 130 4,808 309 170 1,326 463 289 258 215 589 286 418 373 114 1.9 2.7 2.1 1.7 1.7 1.9 1.9 2.1 1.6 1.9 1.6 2.2 1.7 1.0 1.6 1.1 1.4 .9 .5 1.1 .3 .5 .4 .3 .3 .2 .2 .3 .2 .2 12,912 2,769 649 819 8,674 8,606 1,795 355 389 6,065 2,475 673 166 238 1,398 1,831 300 128 191 1,211 1.4 .9 .8 1.0 -.2 1.6 1.1 2.3 2.5 1.7 1.3 2.8 1.8 1.9 1.9 2.2 1.7 2.0 1.9 1.3 1.2 1.3 .5 1.9 1.4 .7 .6 .7 -.1 1.2 .7 .4 .5 .3 .3 .5 .4 .2 .2 .3 .3 .2 .2 3,230 1,628 394 93 944 173 1,642 786 206 -24 589 87 1,098 623 103 63 253 57 489 219 85 54 101 29 1.6 2.5 1.7 1.6 2.1 1.9 1.3 1.6 3.0 1.7 1.7 1.8 1.8 .9 1.8 2.0 1.5 1.0 3.2 2.4 2.4 1.5 .8 1.4 1.9 1.8 1.5 1.6 1.6 2.5 1.7 1.6 2.1 1.9 1.3 1.2 2.0 1.2 1.2 1.3 1.1 .6 .3 .4 .3 .2 .7 .5 .4 .2 .1 .2 .2 .2 .2 .2 23,129 447 16,893 534 1,204 1,719 2,333 16,189 358 12,475 400 711 1,053 1,194 4,618 67 2,792 62 393 492 812 2,321 21 1,626 74 100 175 325 1.1 0.3 .5 .2 1.5 .4 .8 .7 2.2 .3 .2 .4 .3 .5 .4 .4 2.0 1.6 1.2 2.0 2.0 2.0 2.1 1.5 1.
@FedFRASER