Full text of Survey of Current Business : August 2003
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AUGUST 2003
S urvey of C urrent B usiness
In This Issue . . .
Preview of the Comprehensive NIPA Revision:
New and Redesigned Tables
Information Technology and Productivity, Financial Sector
Operations of U.S. Affiliates in 2001
State Personal Income, First Quarter 2003
BUREAU OF ECONOMIC ANALYSIS
ECONOMICS AND STATISTICS ADMINISTRATION
U.S. DEPARTMENT OF COMMERCE
U.S. Department of Commerce
Donald L. Evans, Secretary
Economics and Statistics Administration
Kathleen B. Cooper, Under Secretary fo r Economic Affairs
Bureau of Economic Analysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director
Dennis J. Fixler, Chief Statistician
Barbara M. Fraumeni, Chief Economist
Suzette Kern, Associate Director fo r Management
and Chief Administrative Officer
Ralph Kozlow, Associate Director fo r International Economics
Alan C. Lorish, Jr., Chief Information Officer
Brent R. Moulton, Associate Director fo r National
Economic Accounts
Sumiye Okubo, Associate Director fo r Industry Accounts
John W. Ruser, Associate Director fo r Regional Economics
BEA Advisory Committee
The B E A Advisory Committee advises the Director o f B E A on matters related to the
development and improvement o f BEAis national, regional, industry, and interna
tional economic accounts, especially in areas o f new and rapidly growing economic
activities arising from innovative and advancing technologies, and provides
recommendations from the perspective o f businessmen, academicians, researchers,
and experts in government and international affairs.
William D. Nordhaus, Chair, Yale University
Alan J. Auerbach, University o f California, Berkeley
Richard B. Berner, Morgan Stanley
Michael J. Boskin, Stanford University
Barry P. Bosworth, The Brookings Institution
Robert J. Gordon, Northwestern University
Maurine A. Haver, Haver Analytics, Inc.
Charles R. Hulten, University o f Maryland
Dale W. Jorgenson, Harvard University
Edward E. Learner, University o f California, Los Angeles
Karen R. Polenske, Massachusetts Institute o f Technology
Joel L. Prakken, Macroeconomic Advisers, LLC
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This issue went to the printer on August 14, 2003.
It incorporates data from the following monthly BEA
news releases:
U.S. International Trade in Goods and
Services (July 11),
Gross Dom estic Product (July 31), and
Personal Income and Outlays (Aug. 1).
S urvey
of
C urren t B u sin ess
August 2003
Volume 83 • Number 8
1 B usiness Situation: A dvance E stim ates fo r th e S econd Q u arter
of 2003
U.S. production stepped up in the second quarter of 2003: Real GDP increased 2.4
percent after increasing 1.4 percent in the first quarter. Federal spending on
national defense and consumer spending on durable goods both turned up.
Inflation slowed sharply: The price index for gross domestic purchases increased
0.3 percent after increasing 3.4 percent. The slowdown was largely attributable to a
downturn in energy prices.
7 Preview o f th e 2003 C o m p reh en sive R evision of the N ational
Incom e and Product A ccounts: N ew and R edesigned Tables
The upcoming comprehensive revision will feature significant changes in the
presentation of the NIPA’s. These changes are designed to make it easier for data
users to locate information and to improve the comparability of the NIPA’s with
other U.S. accounts, such as BEA’s input-output accounts and the Federal Reserve
Board’s flow of funds accounts, and with the accounts of other nations. Among the
major changes are the following: An updated presentation of the NIPA summary
accounts that shows the composition o f production and the distribution of
incomes earned in production, new and redesigned tables that reflect changes in
definitions and classifications, new tables that highlight percent changes and
contributions to percent change, and a new organization and numbering system
for the NIPA tables.
32
Inform ation Techn ology and P roductivity: The C ase of the
Financial S ector
It is widely held that infusions of information technology beginning in the 1980s
and intensifying in the 1990s have raised the overall productivity o f the U.S.
economy and spurred economic growth. In this article, Nobel laureate Lawrence
Klein and Cynthia Saltzman and Vijaya Duggal, both professors at Widener Uni
versity in Pennsylvania, present the results o f their study of the impact of
information technology on the financial sector, one of the first sectors to use
computer services on a large scale and for a prolonged period. Using data from
BEA’s benchmark and annual input-output accounts, the authors confirm the large
and prolonged contributions of information technology to the productivity gains
in the finance sector.
38
U.S. A ffiliates of Foreign C om panies: O p eration s in 2001
The current-dollar gross product of U.S. nonbank affiliates of foreign companies
fell 6 percent in 2001, the first decrease since annual data on affiliate operations
became available in 1977. The U.S. affiliate share o f U.S. gross domestic product in
www.bea.gov
/'/'
August 2003
private industries dropped from a record 6.9 percent in 2000 to 6.4 percent in 2001,
reversing a 5-year uptrend. The downturn in the gross product of U.S. affiliates
reflected a sharp drop in new foreign investment and a combination of foreign
selloffs o f U.S. affiliates and of reductions in ongoing affiliate production.
58
S tate Personal Incom e: First Q u arter 2003 and Revised 2002
Growth in personal income picked up in 39 states in the first quarter of 2003,
reflecting the acceleration in growth in personal income for the Nation to 0.9
percent from 0.6 percent in the fourth quarter of 2002. The majority of the fastest
growing states were in either the Plains region or the Rocky Mountain region,
where growth was particularly rapid in natural resources and mining. As a result of
the incorporation of newly available and revised source data on wages and salaries,
the estimate o f the U.S. total of state personal income for 2002 was revised down
$31.2 billion, to $8,891.1 billion. New York had the largest downward revision to
personal income.
D -1 B E A C u rrent and H istorical Data
Inside back cover: BEA W eb Site and BEA Contacts
Back cover: Schedule of Upcoming News Releases
Looking A head
Comprehensive Revision of the National Income and Product Accounts.
The initial results of the upcoming comprehensive or benchmark revision
o f the NIPA’s are scheduled for release in December 2003. The annual revi
sion o f the NIPA estimates for 2000-2002, which would usually be pub
lished in this issue of the S urvey, will be included as part o f the
comprehensive revision. The September S urvey will include an article
about the major statistical changes that will be introduced. (An article in
the June S urvey described the upcoming changes in definitions and classi
fications, and an article in this issue describes the upcoming changes in
presentation.)
August 2003
1
Business Situation
Advance Estimates for the Second Quarter of 2003
A
CCORDING to the “advance” estimates o f the na
tional income and product accounts (NIPA’s),
U.S. production stepped up in the second quarter of
2003, inflation slowed sharply, and real disposable in
come increased a little more than in the first quarter.
• Real gross domestic product (GDP) increased 2.4
percent in the second quarter after increasing 1.4
percent in each of the two preceding quarters (table
1 and chart l) .1 Over the seven quarters since the
trough in real GDP in 2001, growth has averaged
2.6
percent; over the seven quarters following the
trough in 1990, it averaged 3.1 percent.2
• The price index for gross domestic purchases rose
only 0.3 percent after rising 3.4 percent. The slow
down mainly reflected a downturn in energy prices.
• Real disposable personal income increased 2.4 per
cent after increasing 2.1 percent.
Federal spending on national defense and consumer
spending on durable goods each increased sharply in
the second quarter after decreasing in the first; each
1. Quarterly estimates in the NIPA’s are expressed at seasonally adjusted
annual rates, unless otherwise specified. Quarter-to-quarter dollar changes
are differences between these published estimates. Percent changes are cal
2. The trough in real GDP occurred in the third quarter o f 2001. Accord
culated from unrounded data and annualized. “ Real” estimates are in
ing to the National Bureau o f Economic Research, the recession trough
chained (1996) dollars, and price indexes are chain-type measures.
occurred in November.
This article w as p re p a red b y D a n iel Larkins.
Chart 1. Selected Measures: Change From
Preceding Quarter
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
2003
___—i m .i .m . i l l
-5
2000
2001
2002
Note. Percent change at annual rate from preceding quarter,
U.S. Bureau of Economic Analysis
2003
2002
2002
2003
II
III
IV
I
II
Gross domestic product.................
9,608.1
93.2
32.6
33.8
Less: Exports of goods and services
/%/s:Imports of goods and services
1,049.7
1,603.3
12.2 -16.1
12.8 28.1
Equals: Gross domestic
purchases.....................................
10,114.6
93.9
Less: Change in private inventories
-17.9
13.9
10,116.9
80.1
Equals: Final sales to domestic
purchasers....................................
Personal consumption
expenditures..............................
Durable goods..........................
Nondurable goods....................
Services.....................................
GROSS DOMESTIC PURCHASES PRICE INDEX
Percent change from
preceding quarter
Change from
preceding quarter
Level
6.726.0
1,057.9
1,979.2
3.729.0
70.8
2003
III
IV
I
56.1
4.0
1.4
1.4
2.4
-3.5
-25.4
-8.4
34.9
4.6
3.3
-5.8
7.4
-1.3
-6.2
-3.1
9.2
15.2
93.9
3.9
2.9
0.6
3.8
II
7.0 -21.0 -22.7
64.0
34.6
112.2
3.3
2.6
1.4
4.6
67.5
28.0
51.7 -21.8
4.9 24.2
20.8 20.0
33.0
-5.2
28.9
7.9
55.1
52.5
0.3
14.1
4.2
22.8
1.0
2.3
1.7
-8.2
5.1
2.2
2.0
-2.0
6.1
0.9
3.3
22.6
0.1
1.5
Private fixed investment...............
Nonresidential............................
Structures..............................
Equipment and software.....
Residential.................................
1,613.4 -1.0
1,191.7 -2.4
213.5 -13.5
997.6
15.8
411.5
1.0
16.9 -0.6
6.6 -13.2
-5.6
-1.6
14.9 -12.2
8.8
9.6
25.5 -0.3
19.6 -0.8
2.5 -21.4
17.7
6.7
6.0
1.1
4.4
2.3
-9.9
6.2
9.4
-0.1
-4.4
-2.9
-4.8
10.1
6.6
6.9
4.8
7.5
6.0
Government consumption
expenditures and gross
investment..................................
Federal.......................................
National defense...................
Nondefense..........................
State and local..........................
1.768.4
668.9
448.9
220.4
1.100.5
12.3
6.4
6.7
-0.2
5.9
19.4
16.3
10.7
5.6
3.4
1.7
1.1
-3.5
4.5
0.6
31.7
36.4
39.2
-2.4
-4.1
2.9
4.3
6.9
-0.3
2.2
4.6
11.0
11.0
11.1
1.2
0.4
0.7
-3.3
8.4
0.2
7.5
25.1
44.1
-4.1
-1.5
Addendum: Final sales of
domestic product........................
9,610.6
79.3
25.9
53.1
74.4
3.4
1.1
2.3
3.2
Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates usually are not additive. Chained (1996) dollar
levels and residuals, which measure the extent of nonadditivity in each table, are shown in N lft tables 1.2,1.4, and 1.6.
Percent changes are calculated from unrounded data. Percent changes in major aggregates are shown in NIPA table S.1.
(See “Selected NIPA Tables," which begins on page D-2 in this issue.)
N ote .
2
Business Situation
contributed about 1.7 percentage points to the
second-quarter growth in real GDP (table 2).3 Nonres
idential fixed investment and residential investment
made smaller contributions to second-quarter growth,
while imports, exports, and inventory investment sub
tracted from growth.
National defense spending increased at an annual
rate of 44.1 percent in the second quarter, the biggest
increase since the Korean War. Compensation o f mili
tary personnel increased substantially for the second
quarter in a row, but most o f the increase represented a
step-up to a higher level o f support services for instal
lations, weapons, and personnel, including support
services associated with the U.S. role in securing and
reconstructing Iraq.4
Consumer purchases of durable goods increased at
an annual rate o f 22.6 percent. More than half o f the
3. In this article, “consumer spending” is shorthand for the NIPA series
“personal consumption expenditures,” “national defense spending” is
shorthand for “national defense consum ption expenditures and gross
investment,” and “ inventory investment” is shorthand for “change in pri
vate inventories.”
4. The increases in compensation mainly reflected increases in the num
ber o f military reservists called to active duty; reserve strength peaked at the
end o f April.
Table 2. Contributions to Percent Change in
Real Gross Domestic Product
[Seasonally adjusted at annual rates]
2002
III
2003
IV
I
II
Percent change at annual rate:
Gross domestic product....................................
4.0
1.4
1.4
2.4
Percentage points at annual rates:
Personal consumption expenditures....................
Durable goods.....................................................
Nondurable goods..............................................
Services...............................................................
2.93
1.74
0.22
0.97
1.19
-0.72
1.01
0.90
1.40
-0.17
1.21
0.36
2.34
1.68
0.02
0.64
Gross private domestic investment......................
Fixed investment................................................
Nonresidential............
Structures...............
Equipment and software..........................
Residential..................
Change in private inventories
0.55
-0.03
-0.08
-0.62
0.53
0.05
0.58
0.93
0.65
0.24
-0.25
0.49
0.41
0.28
-0.83
-0.02
-0.47
-0.07
-0.40
0.45
-0.82
0.20
0.97
0.69
0.11
0.58
0.28
-0.77
Net exports of goods and services.......................
Exports.................................................................
Goods..............................................................
Services
Imports....
Goods..
Services
-0.01
0.45
0.28
0.17
-0.47
-0.40
-0.07
-1.59
-0.59
-0.82
0.23
-1.00
-0.71
-0.30
0.78
-0.13
0.13
-0.25
0.91
0.81
0.10
-1.56
-0.30
-0.17
-0.13
-1.26
-1.73
0.47
Government consumption expenditures and
gross investment.................................................
Federal.................................................................
National defense
Nondefense....
State and local....
0.56
0.29
0.29
-0.01
0.27
0.85
0.70
0.46
0.25
0.15
0.08
0.05
-0.15
0.20
0.03
1.40
1.58
1.69
-0.10
-0.18
Note. More detailed contributions to percent change in real gross domestic product are shown in NIRA table
8.2. Contributions to percent change in major components of real gross domestic product are shown in tables
8.3 through 8.6.
August 2003
increase was accounted for by motor vehicles, which
increased sharply after declining in the two preceding
quarters. Above-average increases were also posted by
furniture and household equipment and by “other”
durable goods.
Nonresidential fixed investment posted its biggest
increase in 3 years and contributed 0.69 percentage
point to the growth of second-quarter real GDP.
Equipment and software accounted for most of the in
crease, but structures also rose— the first increase in
seven quarters. The increase in structures was mainly
accounted for by oil-well exploration and develop
ment.
Residential investment increased for the sixth con
secutive quarter. The increase, which contributed 0.28
percentage point to real GDP growth, mainly reflected
a rise in brokers’ commissions on sales of new and ex
isting residences.
Imports of goods and services, which are subtracted
in the calculation of GDP, increased, as foreign pro
ducers supplied an increasing share of domestic de
mand. At the same time, exports decreased. Together,
these movements subtracted 1.56 percentage points
from GDP growth.
Inventory investment swung from accumulation to
liquidation in the second quarter, subtracting 0.77 per
centage point from GDP growth. About the same
amount had been subtracted from real GDP growth in
the first quarter as a result o f a slowdown in the pace of
accumulation.
The advance estimates for the second quarter also
show the following:
• Real final sales of domestic product (GDP less the
change in private inventories) increased 3.2 percent
after increasing 2.3 percent.
• Real gross domestic purchases increased 3.8 percent
after increasing 0.6 percent.
•T h e production of services and of structures
increased at above-average rates in the second quar
ter, but the production of goods changed little (table
3).
•T h e personal saving rate slipped to 3.3 percent from
3.6 percent.5
5. The personal saving rate is measured as personal saving as a percentage
of current-dollar disposable personal income. An estimate o f the national
saving rate (which is measured as gross saving as a percentage o f gross
national product) will be available at the end o f August along with the “pre
liminary” estimates o f the NIPA’s for the second quarter.
August 2003
S urvey
of
C
3
B u s in e s s
urrent
Table 3. Real Gross Domestic Product by Type of Product
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Percent change from preceding quarter
Change from preceding quarter
Level
2002
2003
II
IV
III
2002
2003
I
III
II
2003
IV
I
II
Gross domestic product..................................................................................
9,608.1
93.2
32.6
33.8
56.1
4.0
1.4
1.4
2.4
Goods..............................................................................................................
Services...........................................................................................................
Structures.........................................................................................................
3,762.0
5,068.4
780.5
80.4
30.9
-10.9
-14.7
38.2
4.8
20.8
7.2
6.9
1.1
46.6
4.8
9.0
2.5
-5.5
-1.6
3.1
2.5
2.2
0.6
3.6
0.1
3.8
2.5
Addenda:
Motor vehicle output.......................................................................................
Gross domestic product less motor vehicle output....................................
360.2
9,249.1
28.5
67.9
-13.3
44.0
-1.6
35.0
-0.6
56.3
37.1
3.0
-13.4
1.9
-1.8
1.5
-0.6
2.5
78.5
3.6
26.7
1.2
28.2
1.3
18.6
2.3
Gross domestic product less final sales of computers...............................
N o t e . See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996) dollar levels and
residuals for most items are shown in NIPA table 1.4. Detail on motor vehicle output is shown in NIPA table 8.9B.
Second-Quarter 2003 Advance NIPA Estimates: Source Data and Assumptions
The “advance” estimate for the second quarter is based
on the following major source data; as more and better
data become available, the estimates will be revised. (The
number of months for which data were available is
shown in parentheses.)
Personal consumption expenditures: Sales of retail stores
(3), unit auto and truck sales (3), and consumers’ shares
of auto and truck sales (2);
Nonresidential fixed investment: Unit auto and truck
sales (3), construction put in place (2), manufacturers’
shipments of machinery and equipment other than air
craft (3), shipments of civilian aircraft (2), and exports
and imports of machinery and equipment (2);
Residential investment: Construction put in place (2),
single-family housing starts (3), sales of new houses (3),
and sales of existing houses (3);
Change in private inventories: Trade and nondurable
manufacturing inventories (2), durable manufacturing
inventories other than semiconductors (3), 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 invest
ment: Some Federal outlays were available for 2 months,
others for 3, State and local construction put in place (2),
and State and local employment (3);
GDP prices: Consumer price indexes (3), producer price
indexes (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 on BEA’s Web site at
< www.bea.gov>.
Table A. Summary of Major Data Assumptions for Advance Estimates, 2003:11
[Billions of dollars, seasonally adjusted at annual rates]
2003
January
Private fixed investment:
Value of new total private construction put in place less residential (including improvements)...
Equipment and software:
Manufacturers’ shipments of complete aircraft..................................................................................
Residential structures:
Value of new residential construction put in place:
Single-family................................................................................................... ..................................
Multifamily..........................................................................................................................................
Change in private inventories:
Change in inventories for nondurable manufacturing........................................................................
Change in inventories for merchant wholesale and retail industries other than motor vehicles
and equipment................................................ ................................................................................. ..
Net exports:2
Exports of goods
U.S. exports of goods, international-transactions-accounts basis..................................................
Excluding goto....................................................................................................................................
Imports of goods:
U.S. imports of goods, international-transactions-accounts basis..................................................
Excluding gold.................................... ................................ ................................... ...........................
Net exports of goods.............................................. ....................................................................................
Excluding gold.........................................................................................................................................
Government:
State and local:
Structures:
Value of new construction put in place............................................................................................
February
March
April
June1
May
217.6
216.5
221.6
218.9
217.3
216.9
24.3
33.4
30.8
20.0
22.6
32.3
290.1
33.4
289.1
33.7
288.2
33.4
287.2
33.4
286.4
33.9
288.5
34.1
24.7
5.4
0.6
15.0
28.2
26.3
-14.7
-18.3
7.3
685.7
681.3
694.9
691.1
699.5
696.4
686.8
682.9
691.0
685.8
703.5
697.7
1,224.0
-538.3
-540.3
1,218.7
1,216.1
-523.9
-525.0
1,269.7
1,267.6
-570.1
-571.2
1.243.1
1.240.2
-556.3
-557.3
1,252.3
1,248.7
-561.3
-563.0
1,263.3
1,257.6
-559.8
-559.9
198.8
194.7
190.4
190.6
188.3
189.5
1,221.6
-
1.2
1. Assumption.
2. Nonmonetary gold is included in balance-of-payments-basis exports and imports but is not used directly in the estimation of NIPA exports and imports.
Prices, next page
4
Business Situation
August 2003
P rices
Inflation slowed in the second quarter. Prices of goods
and services purchased by U.S. residents increased only
0.3 percent after increasing 3.4 percent (table 4). The
slowdown mainly reflected a sharp downturn in en
ergy prices; excluding food and energy items, prices in
creased 0.7 percent after increasing 1.8 percent (chart
2). A Federal pay raise for military and civilian person
nel had added about 0.2 percentage point to the
first-quarter increase.6
Prices of goods and services purchased by consum
ers increased 0.9 percent, almost 2 percentage points
less than in the first quarter. The slowdown was mainly
accounted for by downturns in gasoline and fuel oil
prices. Food prices increased more than in the first
6. In the NIPA’s, an increase in the rate o f Federal employee compensation
is treated as an increase in the price o f employee services purchased by the
Federal Government.
Table 4. Price Indexes
[Percent change at annual rates; based on seasonally adjusted index numbers (1996=100)]
2002
III
2003
IV
I
II
Gross domestic product...........................................
1.0
1.8
2.4
1.0
Less.' Exports of goods and services........................
Plus: Imports of goods and services.........................
Equals: Gross domestic purchases......................
3.5
4.4
1.2
0.9
0.9
1.8
3.9
11.7
3.4
1.2
-3.9
0.3
quarter. The prices of other consumer purchases in
creased 1.2 percent after increasing 0.8 percent. Prices
of services increased about the same as in the first
quarter. Prices of durable goods continued their down
trend; since the first quarter of 1995, these prices have
decreased at an average annual rate of 2.1 percent.
Prices of private fixed investment and of govern
ment consumption expenditures and gross investment
decreased in the second quarter after increasing in the
first. In private fixed investment, prices of equipment
and software and of structures decreased. Since the be
ginning of 1995, equipment and software prices have
increased only twice and then only slightly. Prices of
structures, in contrast, had increased in each of the
four preceding quarters.
Prices paid by governments decreased 0.7 percent
after increasing 7.9 percent. The large first-quarter in
crease had reflected the spurt in energy prices and the
pay raise for Federal employees.
The GDP price index, which measures the prices
paid for goods and services produced in the United
States, increased 1.0 percent after increasing 2.4 per
cent. This index increased more than the price index
for gross domestic purchases because export prices in
creased while import prices fell. The fall in import
prices was dominated by petroleum prices.
Less: Change in private inventories..........................
Equals: Final sales to domestic purchasers
1.3
1.8
3.5
0.2
Personal consumption expenditures.....................
Durable goods......................................................
Nondurable goods...............................................
Services................................................................
1.7
-1.9
0.6
3.0
1.8
-2.2
1.2
3.0
2.7
-3.7
4.6
3.1
0.9
-3.8
-1.9
3.3
Private fixed investment..........................................
Nonresidentiai......................................................
Structures.........................................................
Equipment and software................................
Residential...........................................................
-0.9
-1.3
0.4
-1.9
0.0
1.8
0.4
2.3
-0.2
5
1.9
-0.4
4.1
-1.8
7.4
-1.4
-1.6
-1.4
-1.7
-1.1
Government consumption expenditures and
gross investment..................................................
Federal..................................................................
National defense.............................................
Nondefense......................................................
State and local.....................................................
1.4
1.3
1.5
1.0
1.5
1.6
0.3
1.2
-1.2
2.2
7.9
9.8
9.3
10.9
6.9
-0.7
0.6
0.5
1.0
-1.5
0.7
3.8
1.2
1.8
8.8
1.5
1.8
52.6
1.8
2.4
-13.3
0.7
0.9
3.3
1.8
1.8
7.6
1.5
1.7
46.4
0.8
2.4
-7.8
1.2
Addenda:
Gross domestic purchases:....................................
Food......................................................................
Energy...................................................................
Less food and energy..........................................
Personal consumption expenditures:....................
Food......................................................................
Energy goods and services1 .............................
Less food and energy..........................................
Percent
6
■ Total
■ Less Food and Energy
4
2
1:11
0
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
N o t e . Percent changes in major aggregates are shown in NIPA table 8.1. Index numbers are shown in
tables 7.1,7.2, and 7.4.
Chart 2. Gross Domestic Purchases Prices:
Change From Preceding Quarter
-2
2000
2001
2002
Note. Percent change at annual rate from preceding quarter,
based on seasonally adjusted index numbers (1996=100).
U.S. Bureau of Economic Analysis
2003
August 2003
S urvey
of
C
u rrent
5
B u s in e s s
Personal Incom e
The growth of real disposable personal income (DPI)
accelerated a little in the second quarter despite a slow
down in the growth of current-dollar DPI (chart 3).
The divergence reflected the sharp slowdown in con
sumer prices.7
Personal income, which is measured only in current
dollars, increased $74.4 billion (or 3.3 percent) after
increasing $82.3 billion (3.7 percent) (table 5). The
slowdown reflected the following:
7. The implicit price deflator for personal consumption expenditures is
used to deflate DPI.
•A slowdown in wage and salary disbursements by
service industries and by government. The slow
down in government mainly reflected the firstquarter pay raise for Federal workers. Government
wages and salaries were boosted in both the first and
the second quarters by increases in pay for reservists
called to active duty and by family separation allow
ances and imminent danger pay for military per
sonnel. Federal civilian pay was boosted in the
Table 5. Personal Income and Its Disposition
[Billions of dollars; seasonally adjusted at annual rates]
Change from
preceding quarter
Level
Chart 3. Selected Personal Income and Saving
Measures
2003
2002
2003
II
III
IV
I
II
Wage and salary disbursements...................................
Private industries.........................................................
Goods-producing industries..................................
Manufacturing......................................................
Distributive industries.............................................
Service industries...................................................
Government..................................................................
5.093.9
4,203.6
1,114.2
749.2
1,119.5
1.969.9
890.3
10.1
1.4
-6.1
-7.4
2.5
4.9
8.7
15.7
7.4
-5.9
-5.9
-3.2
16.6
8.3
46.4
30.8
2.0
0.3
2.3
26.3
15.6
24.4
15.1
2.9
-3.1
2.6
9.7
9.3
Other labor income..........................................................
645.0
13.4
12.7
9.0
5.8
120
Proprietors’ income with IVA and CCAdj......................
Farm..............................................................................
Nonfarm........................................................................
803.5
15.2
788.3
11.2
3.2
8.0
12.9
1.0
11.9
12.8
2.5
10.3
19.1
1.0
18.1
60
Rental income of persons with CCAdj..........................
Personal dividend income...............................................
Personal interest income................................................
116.4
459.0
1,081.6
-9.4 -13.5
7.0
6.5
0.2
-1.6
-3.7
7.4
-5.1
-10.5
7.8
5.8
Transfer payments to persons........................................
1,364.8
15.8
20.7
21.7
24.0
394.9
1.7
1.5
6.1
2.0
74.4
Billion $
300
CHANGE IN PERSONAL INCOME
240
180
Less: Personal contributions for social insurance ,
Percent
20 CHANGE IN REAL DISPOSABLE PERSONAL INCOME
10
l I I ■ -0.1_ l ^ l I ■ ■ I
Personal Incom e................................................................
9,169.2
44.9
53.6
82.3
Less: Personal tax and nontax payments.........................
1,085.5
-22.8
-8.9
-12.9
8.3
Equals: Disposable personal income.................................
8,083.7
67.7
62.6
95.1
66.1
Less: Personal outlays.........................................................
7,813.1
105.1
57.7
86.9
85.5
Equals: Personal saving..................................................
270.6
-37.4
4.9
8.2
-19.4
7.0
1.6
10.5
0.0
0.0
-0.2
0.0
0.0
-1.0
6.3
0.0
3.3
0.7
1.6
4.9
0.0
0.0
2.0
-2.0
0.0
7.6
3.9
0.0
0.0
0.5
0.0
7.1
3.9
0.0
0.0
Addenda: Special factors in personal income:
-10
Percent
PERSONAL SAVING RATE
I I I
I I I
I. III
i l l
-5
2000
2001
2002
2003
Note. Changes are from preceding quarter, based on seasonally adjusted annual
rates.
U.S. Bureau of Economic Analysis
In government wages and salaries:
Federal pay raise.........................................................
Federal civilian retroactive pay raise.........................
Reservists’ pay............................................................
In transfer payments to persons:
Social security retroactive payments........................
Cost-of-living adjustments in Federal transfer
programs...................................................................
Earned-income credit.................................................
In personal contributions for social insurance:
Increase in taxable wage base..................................
Change in premium for supplementary medical
insurance..................................................................
1.4
0.0
0.0
1.4
0.0
2.1
0.0
0.0
2.1
0.0
In personal tax and nontax payments:
Federal tax law changes.............................................
-5.2
0.0
0.0
-5.2
0.0
Note. Most dollar levels are in NIRA table 2.1.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
6
Business Situation
second quarter by a retroactive pay adjustment for
civilian employees.
•A bigger decrease in rental income o f persons in the
second quarter than in the first, as mortgage refi
nancing costs accelerated. (Mortgage closing costs
and other expenses are subtracted in the calculation
o f rental income.)
The effect o f these developments on personal in
come was partly offset by an upturn in personal inter
est income that reflected a smaller decrease in interest
rates and by a step-up in proprietors’ income. Personal
August 2003
income growth was also boosted by a slowdown in
personal contributions for social insurance. In the first
quarter, these contributions had been raised by
•A n increase in the social security taxable wage base
for employees and the self-employed (from $84,900
to $87,000), and
•A n increase in the premium for supplementary
medical insurance (Medicare B).
Personal tax and nontax payments turned up in the
second quarter, as Federal nonwithheld taxes decreased
much less than in the first quarter.
August 2003
7
Preview of the 2003 Comprehensive Revision of the
National Income and Product Accounts
New and Redesigned Tables
,
By Nicole Mayerhauser, Shelly Smith and David F. Sullivan
I
N December, the Bureau o f Economic Analysis
(BEA) will release the initial results of the 12th com
prehensive, or benchmark, revision of the national in
come and product accounts (NIPA’s). The last
comprehensive revision was released in October 1999.
This article on the changes in presentation is the
third in a series o f S u r v e y o f C u r r e n t B u s i n e s s articles
about the comprehensive revision. An article in the
January 2003 issue described the effects of incorporat
ing the 1997 benchmark input-output (I-O) accounts
and identified some of the proposals being considered
for this comprehensive revision.1An article in the June
2003 issue described the major changes in definitions
and classifications that will be introduced as part of
this comprehensive revision.2 An article in the Septem
ber issue will describe the statistical changes. The ini
tial results o f the comprehensive revision will be
released in December 2003 and will be published in an
article in the January 2004 S u r v e y .
In this comprehensive revision, BEA will introduce
a number of important changes to the way the NIPA’s
are presented. These changes will make it easier for
data users to find the information they want; these
changes will also improve the comparability of the
NIPA’s with other U.S. accounts (such as BEA’s 1-0 ac
counts, the Federal Reserve Board’s flow-of-funds ac
counts, and the Bureau o f Labor Statistics productivity
statistics) and they will improve the comparability of
the U.S. accounts with those of other nations.
Among the most noteworthy changes are the fol
lowing.
•A n updated presentation o f the NIPA summary
accounts that shows the composition of production
1. Stephanie H. McCulla and Carol E. Moylan, “Preview o f Revised NIPA
Estimates for 1997: Effects o f Incorporating the 1997 Benchmark 1-0
Accounts and Proposed Definitional and Statistical Changes,” S u rv ey 83
(January 2003): 10—16.
2. Brent R. Moulton and Eugene P. Seskin, “ Preview o f the 2003 Com pre
hensive Revision o f the National Income and Product Accounts: Changes in
Definitions and Classifications,” S u rvey 83 (June 2003): 17-34.
and the distribution of incomes earned in produc
tion, that shows more information on the sources
and uses o f income, and that incorporates the
changes in definitions and classifications described
in the June article.
•A change in the reference year— from 1996 to
2000— for chain-type quantity and price indexes
and for chained-dollar estimates.
• New tables that show gross domestic income (GDI)
and the sources and uses of private enterprise
income, redesigned tables that show national
income, and other new and redesigned NIPA tables
that reflect the changes in definitions and classifica
tions that were described in the June article.
• New tables that present relative shares of the com
ponents of gross domestic product (GDP) and GDI
to aid in the analysis o f the relative importance of
the components.
•N ew tables that highlight percent changes and con
tributions to percent change o f the components of
GDP to provide additional information on sources
of change in the economy.3
•A new organization and numbering system for the
NIPA tables that groups together the different mea
sures for a given set of components and that allows
new tables to be added more easily (see the box
“Guide to the Reorganization of the NIPA Tables”
on page 15).
•N ew tables that reflect the change in definition that
explicitly recognizes the services produced by gen
eral government and that treats government pur
chases of goods and services as intermediate inputs.
• New tables that show the industry distribution of
income and employment on the basis of the 1997
North American Industry Classification System
(NAICS), which better reflects new and emerging
3. The contributions in these tables provide accurate measures o f the con
tributions to real growth; chained-dollar measures, which are not additive,
should not be used for this purpose.
John Brougher, D u a n e H ackm an n , L aura A . K m itch , D a n iel Larkins, a n d K a rin E. M oses co n trib u ted to the
p re p a ra tio n o f this article a n d o f the redesigned N IP A tables.
National Income and Product Accounts
8
industries and which provides better international
comparability.
• New tables for the components of private and gov
ernment investment in structures based on a new
system that classifies structures by their function.
•A new table that separates households from the
nonprofit institutions that serve households within
the personal sector; this information can be used to
answer questions about differences in economic
behavior of households and nonprofit institutions
in the U.S. economy.
• Tables redesigned to reflect the new definitions of
insurance and banking services that will provide a
better understanding of the output of these indus
tries.
• Tables redesigned to reflect improved estimates of
motor vehicle output and of used light trucks
(including utility vehicles) and that show additional
types o f equipment that were introduced in the
1997 1-0 table.
The first section o f this article discusses the rede
signed NIPA summary accounts, and the second sec
tion discusses the major changes in tables that reflect
the redesigned summary accounts. The third section
discusses new analytical tables that present relative
(percentage) shares, percent changes, and contribu
tions to percent change and new tables that present ex
panded detail for GDP. The fourth section discusses
the introduction of new tables that result from changes
in definitions and classifications. The fifth section dis
cusses other major table changes.
NIPA S u m m ary A ccoun ts
Seven summary national income and product ac
counts will replace the five summary accounts that
currently show the composition of production and the
distribution of incomes earned in production.4 The re
designed summary accounts are shown in table 1 on
pages 10-11; for illustrative purposes, the table shows
estimates for 2001 that are based on the latest pub
lished NIPA estimates that have been adjusted for se
lected changes in definitions and classifications. These
estimates reflect only the changes that affect the pre
sentation of the summary accounts, not new or up
dated source data.5
As before, each of the components in the summary
4. The old set o f five summ ary accounts is shown in table A o f the August
2 0 0 2 S u rv ey on pages 38 and 39.
5. The estimates shown in table 1 are the same vintage o f NIPA estimates
for 2001 as those shown in the August 2002 S urvey. Thus, they do not
reflect the changes in definitions and classifications related to insurance ser
vices, implicit services o f banks, farm inventories, mass transit benefits,
Indian tribal governments, farm housing services, owner-occupied housing
services, rental value o f fixed assets used by nonprofit institutions serving
households, military grants-in-kind, or services o f general government.
August 2003
accounts also enters one of the other summary ac
counts and is shown in one or more of the tables that
will make up the full set of NIPA tables. Taken to
gether, the summary accounts constitute a double-en
try system in which a use (or expenditure) recorded in
one account for one sector is also recorded as a source
(or receipt) in an account of another sector or of the
same sector.6 This system of integrated, double-entry
accounts provides a comprehensive measure of eco
nomic activity without double-counting in a consis
tently defined framework.
Within the seven-account framework, the domestic
income and product account shows the consolidated—
that is, unduplicated— production of all sectors of the
economy as the sum of goods and services sold to final
users on the right side and the income generated by
that production on the left side.7 The new private en
terprise income account (account 2) provides addi
tional information on the sources and uses of income
by private enterprises, which give rise to the bulk of the
output in the U.S. economy. Accounts 3-5 show the re
ceipts and expenditures o f the other major sectors of
the U.S. economy: The personal sector, which is made
up of households and institutions; the government
sector; and the foreign sector. Account 6 provides in
formation on the saving and investment of the domes
tic sectors of the economy, and account 7 provides
information on capital transactions with the rest of the
world.
In table 1, the parenthetical numbers after an entry
identify the counterentry by account and line number.
The following sections describe only new or substan
tially changed entries in the accounts; for information
6. For m ore information on the concepts underlying the accounts, see
U.S. Bureau o f Economic Analysis (BEA), An Introduction to National Eco
nomic Accounting, Methodology paper (Washington, DC: BEA, 1985); at
< www.bea.gov/bea/mp.htm> , and Commission o f the European C om m u
nities, International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, and the World Bank, System o f
National Accounts 1993 (SNA 1993) (Brussels/Luxembourg, New York,
Paris, and Washington, DC, 1993.
7. The estimate o f GDP avoids double-counting (of, for example, the
semiconductors that go into computers or the flour that goes into bread)
because the purchase by one business o f materials and services on current
account (intermediate purchases) from another business is canceled by the
corresponding sale by another business in the consolidation.
Availability of Redesigned Tables
The redesigned NIPA tables will be available on BEA’s
Web site at <www.bea.gov> by early November; click
on “National,” then find “About the 2003 Compre
hensive Revision.” In addition to the redesigned NIPA
tables, table 2, “Revised NIPA Tables,” from this article
and any updates to table 2 will be posted on BEA’s
Web site when they are available.
August 2003
S urvey
of
C u r r e n t B u s in e s s
on the other entries, see “A Guide to the NIPA’s.”8
Account 1. Domestic income and product
account
Account 1, the domestic income and product account,
replaces the national income and product account; it
reflects both a sharper focus and a streamlining of the
account. The right (product) side of account 1, for
which the presentation is not being changed, shows
GDP as measured by the sum of goods and services
produced in the United States and sold to final users.
The left (income) side shows GDP as measured by the
incomes earned in production— GDI— plus the “sta
tistical discrepancy” between the two measures.9 The
income side of the account will focus on the compo
nents of GDI— that is, the income generated from pro
duction within the United States. Previously, account 1
also showed the aggregates national income and gross
national income (GNI), which includes net income re
ceipts from the rest of the world. This new focus on the
income generated from domestic production will
make the income side more consistent with the final
expenditures for domestic product that are shown on
the product side (which has highlighted domestic
product since 1991).
In addition, the new account is streamlined in its
presentation of the new aggregate net operating sur
plus of private enterprises (1-9), which is presented in
more detail in account 2.
Compensation of employees, paid (1-1) shows the
income accruing to employees as remuneration for
their work for domestic production; it includes com
pensation paid to the rest of the world and excludes
compensation received from the rest of the world. Cur
rently, compensation o f employees excludes compen
sation paid to the rest of the world and includes
compensation received from the rest of the world.
Taxes on production and imports (1-6), a new
component, consists of Federal excise taxes and cus
toms duties and of state and local sales taxes, property
taxes (including residential real estate taxes), motor ve
hicle licenses, severance taxes, other taxes, and special
assessments. Taxes on production and imports is equal
to the former indirect business tax and nontax liabili
ties less most of the nontax liabilities.10
8. The guide is available on BEA’s Web site at < www.bea.gov/bea/an/
nipaguid.pdf>.
9. In theory, GDP should equal GDI, but in practice, they differ because
their components are estimated using largely independent and
less-than-perfect source data; this difference is the “statistical discrepancy.”
10. Within indirect business nontax liabilities, rents and royalties paid to
government are redefined as income payments on assets, special assess
ments are redefined as taxes on production and imports, and the other
nontax liabilities are redefined as business current transfer payments to
government. See Moulton and Seskin, 31-32.
9
Subsidies (1-7) are presented separately from cur
rent surplus of government enterprises, which is pre
sented as a component of net operating surplus.11
Net operating surplus (1-8), a new component, is a
profits-like measure that shows business income after
subtracting the costs of compensation of employees,
taxes on production and imports (less subsidies), and
consumption of fixed capital (CFC) from gross prod
uct (or value added), but before subtracting financing
costs (such as net interest) and business transfer pay
ments.12 Net operating surplus consists of the net oper
ating surplus of private enterprises and the current
surplus of government enterprises.
Account 2. Private enterprise income account
Account 2, the private enterprise income account, is a
new summary account that presents sources o f p r iv a te
en terprise in com e (2-24) on the right side of the ac
count and uses o f p r iv a te en terprise in com e (2-18) on
the left side.13 Private enterprises consist of private
businesses, owner-occupied housing, and (for pur
poses of estimating monetary and imputed interest
payments and imputed interest receipts) nonprofit in
stitutions serving households. This account presents
the components of private income in new and useful
ways and it enables the streamlined presentation of ac
count 1.
On the right side, the sources of private enterprise
income (2-24) are net operating surplus and income
receipts on assets.
Net operating surplus, private enterprises (2-19)
can be derived by a series of deductions from business
income, as described above. Alternatively, it can be cal
culated as the sum of the domestic components o f pro
prietors’ income with inventory valuation adjustment
(IVA) and capital consumption adjustment (CCAdj),
rental income of persons with CCAdj, corporate prof
its with IVA and CCAdj, net interest, business current
transfer payments, and rents and royalties paid by pri
vate enterprises to government.
Income receipts on assets (2-20) consists of inter
est, dividend receipts from the rest of the world, and
reinvested earnings on U.S. direct investment abroad.
Interest (2-21) is the interest received by domestic
private enterprises. Interest received by private
11. For years prior to 1959, subsidies will continue to be presented net o f
the current surplus o f government enterprises, because detailed data to sep
arate the series for this period are not available.
12. Moulton and Seskin, 33-34.
13. Government enterprises are not included in account 2, because com
plete estimates on sources and uses o f government enterprise income, nota
bly the income payments and income receipts on assets, are not currently
available. The sources and uses o f government enterprise income are
included, but not separately identified, in the government receipts and
expenditures account.
10
National Income and Product Accounts
August 2003
noninsured pension plans is recorded as being directly
received by persons in personal income. Interest re
ceipts includes both monetary and imputed interest re
ceipts.
uted by unincorporated foreign affiliates to their U.S.
parents.
Dividend receipts from the rest of the world
their share of the reinvested earnings of their incorpo
rated foreign affiliates and reinvested earnings o f their
unincorporated foreign affiliates. These earnings are
(2-22) consists of receipts by U.S. residents of divi
dends from foreign corporations plus earnings distrib
Reinvested earnings on U.S. direct investment
abroad (2-23) consists o f receipts by U.S. residents of
Table 1. Summary National Income and Product Accounts, 2001
[Billions of dollars]
Account 1. Domestic Income and Product Account
Line
1
2
3
4
5
6
7
8
9
10
11
Line
Compensation of employees, paid............................................................................
Wage and salary accruals......................................................................................
Disbursements (3-12 and 5 -1 1 )......
Wage accruals less disbursements (4-9 and 6 -1 1 )......................................
Supplements to wages and salaries (3-1 4 ).........................................................
Taxes on production and imports (4-16)...................................................................
Less: Subsidies (4-8 )..................................
Net operating surplus..................................
Private enterprises (2-19)......................
Current surplus of government enterprises (4-2 6 ).............................................
Consumption of fixed capital (6-13)..........................................................................
5,881.0
4,959.7
4,959.7
0.0
921.4
715.1
55.3
2,329.3
2,321.3
8.0
1,329.3
1?
Gross domestic incom e...........................................................................................
10,199.4
13
Statistical discrepancy (6-1 9 )....................................................................................
-117.3
14
GROSS DOMESTIC PRODUCT................................................................................
10,082.2
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Personal consumption expenditures (3 -3 )................................................................
Durable goods..........................................................................................................
Nondurable goods..
Services..................
Gross private domestic investment.............................................................................
Fixed investment (6-2)
Nonresidential....
Structures.......
Equipment and software
Residential..........
Change in private inventories (6-4).......................................................................
Net exports of goods and services
Exports (5-1 ).............................................................................................................
Imports (5-9 )............................................................................................................
Government consumption expenditures and gross investment (4-1 plus 6 -3)....
Federal......................................................................................................................
National defense..................................................................................................
Nondefense..........................................................................................................
State and local..........................................................................................................
6,987.0
835.9
2,041.3
4,109.9
1,586.0
1,646.3
1,201.6
324.5
877.1
444.8
-60.3
-348.9
1,034.1
1,383.0
1,858.0
628.1
399.9
228.2
1,229.9
34
GROSS DOMESTIC PRODUCT................................................................................
10,082.2
Account 2. Private Enterprise Income Account
Line
1
V
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Line
Income payments on assets.......................................................................................
Dividend payments to the rest of the world (5-14)..............................................
Reinvested earnings on foreign direct investment in the United States (5-15)
Business current transfer payments (net).................................................................
To persons (net) (3 -2 4 )1 ........................................................................................
To government (net) (4 -2 4 )1 .................................................................................
To the rest of the world (net) (5 -1 9 )1....................................................................
Proprietors’ income with inventory valuation and capital consumption
adjustments (3-17)...................................................................................................
Rental income of persons with capital consumption adjustment (3-1 8 )..............
Corporate profits with inventory valuation and capital consumption adjustments
Taxes on corporate income....................................................................................
To government (4-1 7 ).........................................................................................
To the rest of the world (5 -1 9 )..........................................................................
Profits after tax with inventory valuation and capital consumption adjustments
Net dividends (3-21)...........................................................................................
Undistributed corporate profits with inventory valuation and capital
consumption adjustments (6-1 0 )..................................................................
USES OF PRIVATE ENTERPRISE INCOME..........................................................
2,559.3
2,537.7
20
41.1
-19.5
80.5
33.4
47.1
n.a.
19
Net operating surplus, private enterprises (1 -9 )......................................................
21
22
23
Interest (3-20)...........................................................................................................
Dividend receipts from the rest of the world (5-6)...............................................
Reinvested earnings on U.S. direct investment abroad (5 -7 )............................
2,321.3
1,925.0
1,752.6
67.6
104.8
24
SOURCES OF PRIVATE ENTERPRISE INCOM E.................................................
4,246.3
727.9
137.9
740.7
208.4
199.3
9.1
532.3
409.6
122.7
4,246.3
Account 3. Personal Income and Outlay Account
Line
1
2
3
4
5
6
/
8
Line
Personal current taxes (4-1 5 )....................................................................................
Personal outlays...........................................................................................................
Personal consumption expenditures (1-1 5 ).........................................................
Personal interest payments (3 -2 0 ).......................................................................
Personal current transfer payments......................................................................
To government (4-2 5 ).........................................................................................
To the rest of the world (net) (5-1 7 )..................................................................
Personal saving (6 -9 ).................................................................................................
1,239.6
7,276.0
6,987.0
205.4
83.6
52.5
31.1
169.7
5,874.9
4,953.5
4,951.1
2.4
921.4
567.5
353.9
21
22
23
24
25
Compensation of employees, received......................................................................
Wage and salary disbursements............................................................................
Domestic (1 -3 ).....................................................................................................
Rest of the world (5 -3 )........................................................................................
Supplements to wages and salaries (1 -5 )...........................................................
Employer contributions for employee pension and insurance funds.............
Employer contributions for government social insurance...............................
Proprietors’ income with inventory valuation and capital consumption
adjustments (2 -9 ).....................................................................................................
Rental income of persons with capital consumption adjustment (2-10)...............
Personal income receipts on assets..........................................................................
Personal interest income (2-2 plus 3 -4 plus 4 -7 plus 5 -5 less 2-21 less
4-21 less 5 -1 3 )....................................................................................................
Personal dividend income (2-16 less 4 -22).........................................................
Personal current transfer receipts
Government social benefits (4-4)
From business (net) (2 -6 )1
Less: Contributions for government social insurance (4-19)..................................
26
PERSONAL INCOME..................................................................................................
8,685.3
10
11
12
13
14
15
16
17
18
19
20
9
PERSONAL TAXES, OUTLAYS, AND SAVING......................................................
8,685.3
727.9
137.9
1,500.5
1,091.3
409.2
1,170.4
1,137.0
33.4
726.1
August 2003
S urvey
of
C u r r e n t B u s in e s s
treated as income receipts on assets because the deci
sion to retain some of the earnings within a foreign en
terprise represents a deliberate investment decision on
the part o f the U.S. investor.14
On the left side o f summary account 2, the uses of
14. This treatment is consistent with the guidelines o f SNA 1993, para
graph 7.121.
11
private enterprise income (2-18) consists of income
payments on assets, business current transfer pay
ments (net), proprietors’ income with IVA and CCAdj,
rental income of persons with CCAdj, and corporate
profits with IVA and CCAdj.
Income payments on assets (2-1) consists of inter
est and miscellaneous payments, dividend payments to
Table 1. Summary National Income and Product Accounts, 2001—Continued
Account 4. Government Receipts and Expenditures Account
Line
Line
1
2
3
4
5
6
/
8
9
10
11
12
Consumption expenditures (1-2 9 )............................................................................
Current transfer payments.........
Government social benefits..
To persons (3-2 3 ).............
To the rest of the world (5 -1 8 )..........................................................................
Other current transfer payments to the rest of the world (net) (5-1 8 )..............
Interest payments (3 -2 0 )............................................................................................
Subsidies (1 -7 )............................................................................................................
Less: Wage accruals less disbursements (1-4).......................................................
Net government saving (6-12)...................................................................................
Federal......................................................................................................................
State and local.........................................................................................................
1,522.2
1,153.5
1,142.1
1,137.0
5.1
11.4
341.1
55.3
0.0
40.7
72.0
-31.3
14
15
16
17
18
19
20
21
22
23
24
25
26
Current tax receipts......................................................................................................
Personal current taxes (3 -1 )..................................................................................
Taxes on production and imports (1 -6 ).................................................................
Taxes on corporate income (2-1 3 )........................................................................
Taxes from the rest of the world (5-1 8 ).................................................................
Contributions for government social insurance (3-2 5 )............................................
Income receipts on assets...........................................................................................
Interest and miscellaneous receipts (2-2 and 3-20)...........................................
Dividends (3-2 1 )......................................................................................................
Current transfer receipts....
From business (net) (2 -7 )1
From persons (3 -6 )........
Current surplus of government enterprises (1 -1 0 ).................................................
2,160.9
1,239.6
715.1
199.3
6.9
726.1
118.1
117.7
0.4
99.6
47.1
52.5
8.0
13
GOVERNMENT CURRENT EXPENDITURES AND NET SAVING.....................
3,112.8
27
GOVERNMENT CURRENT RECEIPTS...................................................................
3,112.8
Account 5. Foreign Transactions Current Account
Line
1
2
3
4
5
6
7
Line
Exports of goods and services (1-2 7 )......................................................................
Income receipts from the rest of the world
Wage and salary receipts (3-1 3 )....
Income receipts on assets...............
Interest (3 -2 0 )...............................
Dividends (2-22).................................................................................................
Reinvested earnings on U.S. direct investment abroad (2-2 3 ).....................
1,034.1
316.9
2.4
314.5
142.1
67.6
104.8
9
10
11
12
13
14
15
16
17
18
19
20
21
CURRENT RECEIPTS FROM THE REST OF THE W ORLD...............................
8
1,351.1
Imports of goods and services (1-28).......................................................................
Income payments to the rest of the world.................................................................
Wage and salary payments (1 - 3 ) .........................................................................
Income payments on assets...................................................................................
Interest (3-20)......................................................................................................
Dividends (2 -3 )...................................................................................................
Reinvested earnings on foreign direct investment in the United States
(2 -4 )..................................................................................................................
Current taxes and transfer payments to the rest of the world (net).......................
From persons (net) (3-7).........................................................................................
From government (net) (4-5 plus 4 -6 less 4 -1 8 )...............................................
From business (net) (2-8 plus 2 -1 4 )1..................................................................
Balance on current account, national income and product accounts (7-1)..........
CURRENT PAYMENTS TO THE REST OF THE WORLD AND BALANCE ON
CURRENT ACCOUNT............................................................................................
1,383.0
295.0
8.5
286.4
264.8
41.1
-19.5
49.8
31.1
9.6
9.1
-376.7
1,351.1
Account 6. Domestic Capital Account
Line
Line
1 Gross domestic investment.........................................................................................
2
Private fixed investment (1-20)..............................................................................
Government fixed investment (1 -2 9 )....................................................................
3
4
Change in private inventories (1—2 5 )....................................................................
5 Capital transfer payments to the rest of the world (net) (7 -2 )................................
6 Net lending or net borrowing (-), national income and product accounts (7-3)
1,921.8
1,646.3
335.8
-$0.3
-0.8
-375.9
8 Net saving.....................................................................................................................
q
Personal saving (3 - 8 ) .............................................................................................
10
Undistributed corporate profits with inventory valuation and capital
consumption adjustments (2 -1 7 )......................................................................
11
Wage accruals less disbursements (private) (1 -4 ).............................................
12
Net government saving (4-10)..
13 Plus: Consumption of fixed capital (1-11)
14
Private.......................................................................................................................
Government................................
15
16
General government.............
17
Government enterprises.......
18 Equals: Gross saving.....................
19 Statistical discrepancy (1-1 3 )....................................................................................
122.7
0.0
40.7
1,329.3
1,106.8
222.4
187.7
34.8
1,662.4
-117.3
7 GROSS INVESTMENT, CAPITAL TRANSFERS, AND NET LENDING.............
1,545.1
20 GROSS SAVING AND STATISTICAL DISCREPANCY..........................................
1,545.1
333.1
169.7
Account 7. Foreign Transactions Capital Account
Line
1
Line
BALANCE ON CURRENT ACCOUNT, NATIONAL INCOME AND PRODUCT
ACCOUNTS (5-20).................................................................................................
-376.7
n.a. Not available
1. Will Include a new Item for net insurance settlements.
N o t e . Numbers in parentheses indicate accounts and items of counterentry in the accounts. For example,
line 5 of account 1 is shown as “Supplements to wages and salaries (3-14)”; the counterentry is shown in
2
3
Capital transfer payments to the rest of the world (net) (6 -5 )...............................
Net lending or net borrowing (-), national income and product accounts (6-6)
-0.8
-375.9
4
CAPITAL TRANSFERS (NET) AND NET LENDING, NATIONAL INCOME
AND PRODUCT ACCOUNTS...............................................................................
-376.7
account 3, line 14.
The estimates shown in this table are based on previously published NIPA estimates for 2001 that have been
adjusted for selected changes in definitions and classifications. These estimates reflect only the changes that
affect the presentation of the summary accounts, but not new or updated source data.
National Income and Product Accounts
12
the rest of the world, and reinvested earnings on for
eign direct investment in the United States.
Interest and miscellaneous payments (2-2) con
sists of interest paid by domestic private enterprises
and of rents and royalties paid by private enterprises to
government. Interest payments includes both mone
tary and imputed interest payments.
Dividend payments to the rest of the world (2-3)
consists of payments by U.S. corporations of dividends
to foreign residents plus earnings distributed by unin
corporated U.S. affiliates to their foreign parents.
Reinvested earnings on foreign direct investment
in the United States (2-4) consists of payments to
foreign residents of their share of the reinvested earn
ings o f their incorporated U.S. affiliates and reinvested
earnings of their unincorporated U.S. affiliates. These
earnings are treated as income payments on assets be
cause the decision to retain some of the earnings
within a U.S. enterprise represents a deliberate invest
ment decision on the part of the foreign investor.15
Business current transfer payments (net) (2-5)
consists of payments to person s (n et) (2-6), to g o vern
m e n t (n e t) (2-7), and to the rest o f th e w o rld (n et) (2-8)
by private business for which no current services are
performed. Payments for net insurance settlements—
actual insured losses (or claims payable) less a normal
level o f losses— will be treated as business current
transfer payments.16 Business current transfer pay
ments to government (net), a new aggregate, consists
of Federal deposit insurance premiums and other non
taxes (largely fines and regulatory and inspection fees),
state and local fines and other nontaxes (largely dona
tions and tobacco settlements), and net insurance set
tlements paid to governments as policyholders.
Business current transfer payments to the rest of the
world (net) consists o f net insurance settlements paid
to the rest of the world as policyholders. Nonresident
taxes— that is, taxes paid by domestic corporations to
foreign governments— are reclassified as taxes on cor
porate income.
Corporate profits with inventory valuation and
capital consumption adjustments (2-11) is the net
current-production income of organizations treated as
corporations in the NIPA’s. Taxes on corporate in com e
(2-12) consists of taxes on corporate income paid to
g o v e rn m e n t (2-13) and to the rest o f th e w o rld (2-14).
Taxes on corporate income paid to government, for
merly “profits tax liability,” is the sum of Federal, state,
and local government income taxes on all income sub
15. This treatment is consistent with the guidelines o f SNA 1993, para
graph 7.121.
16. For the new treatment o f payments for net insurance settlements, see
Moulton and Seskin, 19-23. The estimates o f these settlements are not yet
available and are not included in the estimates in table 1.
August 2003
ject to taxes. This income includes capital gains and
other income excluded from profits before tax. The
taxes are measured on an accrual basis, net of applica
ble tax credits.
Taxes on corporate income paid to the rest of the
world consists of nonresident taxes— that is, taxes paid
by domestic corporations to foreign governments.
These taxes were formerly classified as business trans
fer payments to the rest of the world.
The presentation of p ro fits a fter ta x w ith in ven to ry
va lu a tio n a n d ca p ita l co n su m p tio n a d ju stm e n ts (2-15)
is simplified by presenting corporate profits, profits af
ter tax, and undistributed corporate profits with the
IVA and CCAdj. The IVA and CCAdj are no longer
shown in the summary accounts, but the treatment
and definition of the IVA and CCAdj will not change;
the IVA and CCAdj will continue to be shown as ad
denda in certain NIPA tables.
Account 3. Personal income and outlay
account
The personal income and outlay account becomes ac
count 3. Within this account, personal outlays will in
crease because of the inclusion of personal current
transfer payments to government, and personal cur
rent taxes will decrease by the same amount, but per
sonal saving will not be affected.
On the right side of the account, personal income
(3-26) shows several new aggregates: Compensation of
employees, received; supplements to wages and sala
ries; personal income receipts on assets; personal cur
rent transfer receipts; and contributions for
government social insurance.
Compensation of employees, received (3-10) con
sists of wage and salary disbursements and supple
ments to wages and salaries received by U.S. residents,
including wages and salaries received from the rest of
the world. In the new presentation, employer contri
butions for government social insurance is included as
a component of compensation, but contributions for
government social insurance (see 3-25 below)— which
includes both employer contributions and employee
and self-employed contributions— is deducted in the
calculation of personal income, so this change in pre
sentation does not affect personal income.17
Wage and salary disbursements (3-11) consists of
d o m estic disbursements (3-12) and disbursements
from the rest o f the w o rld (3-13). Miscellaneous com
pensation of employees— which consists of judicial
fees paid to jurors and to witnesses, compensation of
prison inmates, and marriage fees paid to justices of
17. Previously, employer contributions were not part o f the presentation
of personal income.
August 2003
S urvey
of
C u r r e n t B u s in e s s
the peace— is reclassified as wages and salaries; it had
been classified within “other labor income.” 18
Supplements to wages and salaries (3-14) consists
of employer contributions for employee pension and
insurance funds and employer contributions for gov
ernment social insurance.
Employer contributions for employee pension and
insurance funds (3-15), formerly “other labor in
come,” consists o f employer payments (including payments-in-kind) to private pension and profit-sharing
plans, publicly administered government employee re
tirement plans, private group health and life insurance
plans, privately administered workers’ compensation
plans, and supplemental unemployment benefit plans.
Employer contributions for government social in
surance (3-16), formerly “employer contributions for
social insurance,” is a component of compensation
that was not previously shown in the presentation of
personal income.19
Personal income receipts on assets (3-19), a new
aggregate, consists o f personal interest income and
personal dividend income. The definition of personal
interest income—but not its derivation from the inter
est paid and the interest received by the other sectors of
the economy—will be changed by the new definitions
of insurance services and of implicit services o f banks.
Personal current transfer receipts (3-22) consists
of income payments to persons for which no current
services are performed and of net insurance settle
ments. It is shown as the sum of government social
benefits and current transfer receipts from busi
ness (net) (see 2-6). G o ve rn m en t social benefits
(3-23)— formerly “transfer payments to persons from
government”— includes benefits from government so
cial insurance funds and from certain other programs.
Contributions for government social insurance
(3-25), which is deducted in the calculation o f per
sonal income, includes employer contributions for
government social insurance (see 3-16) as well as pay
ments by employees, the self-employed, and other in
dividuals who participate in government social
insurance programs.
The left side of account 3 shows the sum of personal
taxes, outlays, and saving (3-9); the total equals per
sonal income.
Personal current taxes (3-1) consists of the tax
components that were included in the former aggre18. Moulton and Seskin, 31.
19. Government social insurance program s are comprised o f old-age, sur
vivors, and disability insurance (social security); hospital insurance; sup
plementary medical insurance; unemployment insurance; railroad
retirement; veterans life insurance; and temporary disability insurance.
Publicly administered government employee retirement plans are classified
as employee pension and insurance funds, not as government social insur
ance programs.
13
gate “personal tax and nontax payments.” The nontax
components are redefined as personal current transfer
payments to government.
Personal outlays (3-2) is the sum of personal con
sumption expenditures (PCE) (see 1-15), personal in
terest payments, and personal current transfer
payments. P ersonal cu rren t transfer p a y m e n ts (3-5)
consists o f transfer payments to g o ve rn m en t (3-6) and
to th e rest o f the w o rld (n et) (3-7). Payments to govern
ment includes donations, fees, and fines paid to Fed
eral, state, and local governments (formerly classified
as personal nontax payments).
Personal saving (3-8) is personal income less the
sum of personal outlays and personal current taxes.
Account 4. Government receipts and
expenditures account
The government receipts and expenditures account be
comes account 4. Within this account, both the total
on the right (receipts) side and the total on the left (ex
penditures) side will increase because several compo
nents— specifically, taxes from the rest o f the world,
interest receipts, dividends, and current surplus of
government enterprises— will be included as current
receipts; these components were previously included as
negative entries on the expenditures side.20 The new
presentation, with fewer receipts items netted against
expenditures, is simpler and more consistent with SN A
1993. The reclassification of components from current
expenditures to current receipts does not affect “net
government saving,” which was formerly named “gov
ernment current surplus or deficit (-), national in
come and product accounts.”
On the right side of account 4, government current
receipts (4-27) is shown as the sum of current tax re
ceipts, contributions for government social insurance,
income receipts on assets, current transfer receipts,
and current surplus of government enterprises.
Current tax receipts (4-14) consists o f personal
current taxes (see 3-1), taxes on production and im
ports (see 1-6), taxes on corporate income (see 2-13),
and taxes fro m th e rest o f the w o rld (4-18), which are
mostly income taxes received by the Federal Govern
ment.21
Income receipts on assets (4-20) consists o f inter
est and miscellaneous receipts and dividends. Current
transfer receipts (4-23) consists of receipts fro m
business (n et) (4-24) and receipts fro m person s (4-25).
20. For years prior to 1946, state and local government interest will con
tinue to be presented as net interest, and for years prior to 1960, Federal
and total government interest will continue to be presented as net interest.
See also footnote 11.
21. Taxes from the rest o f world also includes some taxes on production
and some current transfers, but the source data do not permit the reliable
separation o f the taxes on income.
14
National Income and Product Accounts
The left side of account 4 shows government cur
rent expenditures and net saving (4-13). N e t g o vern
August 2003
the world (net).
m e n t savin g (4-10) equals government current receipts
Account 6. Domestic capital account
less government current expenditures. Within current
expenditures, military grants-in-kind will be reclassi
fied from consumption expenditures to transfer pay
ments to the rest of the world (net) (see 4-6).22
Current transfer payments (4-2) consists of gov
ernment social benefits and other current transfer pay
ments to the rest of the world (net). G o ve rn m en t social
ben efits to th e rest o f the w o rld (4-5) are U.S. Govern
ment transfers, mainly retirement benefits, to former
residents of the United States. O th er cu rren t tran sfer
p a y m e n ts to th e rest o f the w o rld (n e t) (4-6) consists of
U.S. Government military and nonmilitary grants-incash and grants-in-kind to foreign governments.
Account 6, the domestic capital account, was formerly
the gross saving and investment account. It presents
gross saving and the statistical discrepancy on the right
side and “gross investment, capital transfers, and net
lending” on the left side. The new presentation does
not affect the value o f either side o f the account or of
the statistical discrepancy, but it includes new aggre
gates, such as net saving and gross domestic invest
ment.
Net saving (6-8) is calculated as the sum o f per
sonal saving, undistributed corporate profits with IVA
and CCAdj, private wage accruals less disbursements,
and net government saving. It supplements the NIPA
gross saving measure and provides a useful measure of
the saving that is available for adding to the Nation’s
net stock of fixed assets.
Gross domestic investment (6-1) is defined as in
vestment on a domestic basis; it measures the total in
vestment in fixed assets (that is, the structures,
equipment, and software that are used in production)
and in inventories (the change in private inventories).
It is the sum o f private fixed investment, government
fixed investment, and the change in private invento
ries.
Account 5. Foreign transactions current
account
The foreign transactions current account is summary
account 5. As discussed in the June article, the pres
ently used “foreign transactions account” will be split
into two accounts— the foreign transactions current
account and the foreign transactions capital account.23
In account 5, several types o f income are shown under
income receipts from the rest of the world and under
income payments to the rest of world (see lines 5-2
through 5-7 and lines 5-10 through 5-15). Transfer
payments to the rest o f the world (net) is renamed cur
Capital transfer payments to the rest of the
world (net) (6-5) are cash or in-kind transfers that are
re n t taxes a n d tran sfer p a y m e n ts to the rest o f th e w o rld
(n et) (5-16), and receipts from the rest of the world is
renamed cu rren t receipts fro m th e rest o f th e w o rld
(5-8). Net foreign investment is renamed balance on
cu rren t account, n a tio n a l in com e a n d p ro d u c t accounts
linked to the acquisition or disposition of an asset; this
measure was introduced in the 1999 comprehensive re
vision.
(5-20) and is no longer included in payments to the
rest of the world. Instead, “balance on current account,
national income and product accounts” is derived as
current receipts from the rest of the world less current
payments to the rest of the world, and the former total
payments of the rest of the world is renamed cu rren t
current account (5-20) less “capital transfer payments
to the rest o f the world (net)” (6-5). This new aggre
gate provides an indirect measure of the net acquisi
tion of foreign assets by U.S. residents less the net
acquisition of U.S. assets by foreign residents.
p a y m e n ts to the rest o f the w o rld a n d balance on cu rren t
accou n t (5-21). These changes will not affect the bal
ance on current account or current receipts from the
rest of the world.
Balance on current account, national income and
product accounts (5-20) is calculated as U.S. exports
o f goods and services and income receipts from the
rest of the world less the sum of U.S. imports of goods
and services, income payments to the rest of the world,
and current taxes and transfer payments to the rest of
22. Moulton and Seskin, 30.
23. Moulton and Seskin, 33. The foreign transactions capital account,
sum m ary account 7, is discussed later.
Net lending or borrowing (-), national income
and product accounts (6-6) is equal to the balance on
Account 7. Foreign transactions capital
account
The new foreign transactions capital account is ac
count 7; as already noted, it is split from the presently
used “foreign transactions account.” The right side of
account 7 shows ca p ita l tran sfer p a y m e n ts to th e rest o f
the w o rld (n et) (7-2) and n e t len d in g or n e t bo rro w in g
(—), n a tio n a l in com e a n d p ro d u c t accounts (7-3). The
left side shows the balance on cu rren t account , n a tio n a l
in com e a n d p ro d u c t accounts (7-1). As a result o f the
introduction of this new account, the NIPA’s will be
more consistent with BEA’s international transactions
accounts and with international guidelines, including
August 2003
S urvey
of
C
urrent
the guidelines in the SN A 1993 and the Balance o f
P aym en ts M a n u a l.24 The distinction between capital
transfers (7-2) and current transfers (see 5-16) can be
important when major assets are transferred, such as
the U.S. Government’s transfer of the Panama Canal to
the Republic of Panama in 1999.
24. International Monetary Fund (IMF), Balance o f Payments Manual, 5th
ed. (Washington, DC: IMF, 1993).
B u s in e s s
15
Tables T hat R eflect th e NIPA S u m m ary
A ccoun ts
New tables
As a result of the changes to the summary accounts of
the NIPA’s, two new tables will be added to the full set
of NIPA tables. Table 1.10, “Gross Domestic Income by
Type of Income,” will present annual and quarterly es
timates of the entries shown in NIPA summary ac
count 1, but with some additional detail on net
operating surplus of private enterprises from summary
account 2. Table 1.16, “Sources and Uses of Private
Guide to the Reorganization of the NIPA Tables
7. Percent change in prices
With the release of the 12thcomprehensive revision of the
8. Contributions to percent change in prices
NIPA’s, the presentation of the NIPA tables will be reor
ganized in order to group tables with similar formats in
9. Implicit price deflators
10. Percentage shares of GDP (table 1.1.10).
one section of the NIPA tables. As a result of these
For example, the current table 1.1 shows GDP in cur
changes, most of the information on quantity and price
indexes that is currently presented in section 7 will be rent dollars, and table 1.2 shows real GDP in chained
dollars. Using the new system, GDP will be presented in
presented in sections 1-5.
To assist users in identifying the type of estimate in a table group 1.1; the current-dollar estimates will be pre
table, a numbering system for NIPA tables was developed sented in table 1.1.5, and the chained-dollar estimates
for groups of tables that display different types of esti will be presented in table 1.1.6.
This system will allow data users to locate tables that
mates using similar formats. The new table-numbering
system highlights the type of estimate (such as current contain related information more easily; it will also facil
dollars, quantity indexes, and percent changes) in the itate the future addition of new tables—for example,
tables of percent changes and contributions to percent
table. The new system is outlined below.
Table numbers will be in the format “X.Y.Z,” where change.
The tables that present current-dollar estimates, but
“X” indicates the NIPA table section, “Y” indicates the
table number in the section, and “Z” indicates the type of not other types of estimates, will use only the first two
terms of the numbering system. For example, table 3.1,
estimate presented.
Reflecting the discontinuation of NIPA table section 7 “Government Current Receipts and Expenditures,” that
described above, the table sections will be numbered as presents only current-dollar estimates will not be num
bered table 3.1.5.
follows:
Table 2 at the end of this article provides a preliminary
1. Domestic Product and Income
list of the revised set of NIPA tables arranged according
2. Personal Income and Outlays
to the new numbering system and new table numbers.1
3. Government Current Receipts and Expenditures
The table cross-references the new table numbers with
4. Foreign Transactions
5. Saving and Investment
the old ones, and it identifies the new tables and the
tables that are published monthly in the “Selected NIPA
6. Income and Employment by Industry
Tables”; the discontinued tables are shown at the end of
7. Supplemental Tables (currently section 8)
8. Seasonally Unadjusted Estimates (currently sec the list. This list is subject to change pending the comple
tion of the comprehensive revision; table 2 and any
tion 9)
The table numbers within each section will be num updates will be posted on BEA’s Web site <www.bea.gov>
when they are available.
bered sequentially.
The types of estimates will be numbered as follows:
1. The NIPA tables discussed in this article refer to the following
1. Percent change from preceding period in real esti
tables: Tables showing quarterly seasonally adjusted series that are pub
mates (most at annual rates)
lished monthly in the S urvey in “ Selected NIPA Tables” ; tables covering
2. Contributions to percent change in real estimates
all the NIPA series that are published in the S urvey as part o f annual
and comprehensive revisions o f the NIPA’s; and tables covering all the
3. Real estimates, quantity indexes
NIPA series for past periods that are published in National Income and
4. Price indexes
Product Accounts of the United States. Changes to tables presenting
5. Current dollars
NIPA-related estimates, such as the estimates o f fixed assets and con
sumer durable goods, will be announced later.
6. Real estimates, chained dollars
16
National Income and Product Accounts
Enterprise Income,” will present annual estimates as
shown in NIPA summary account 2. Both tables will
show the new aggregate “net operating surplus of pri
vate enterprises,” which will supplement the other
NIPA business income measures, such as corporate
profits.
Table 1.10 on this page shows the line items for the
new GDI table. The information on GDI and its com
ponents in this table will be directly comparable with
that on GDP. The presentation of net operating surplus
of private enterprises differs in two major respects
from the presentation in summary account 2. First,
corporate profits with IVA and CCAdj will be shown
for domestic industries only.25 Second, net interest and
miscellaneous payments will be shown on a net basis
because detailed information on interest paid and re
ceived is not available on a quarterly basis for current
estimates.
Table 1.16 on this page shows the line items for the
new table “Sources and Uses of Private Enterprise In
come.” Some o f the items in this table are not available
for the current quarterly estimates, so this table will be
shown annually.
August 2003
duced. The lines in table 2.1 that currently show indus
try detail for private wages and salaries will be deleted
and shown in new tables 2.2A and 2.2B.27 A new table
2.6 will show monthly estimates o f personal income
and its disposition and will combine the estimates that
are currently shown in tables 2.8 and 2.9. Monthly esti
mates of private wages and salaries by industry will be
shown in new tables 2.7A and 2.7B.28
The redesigned table 3.1 will reflect the changes in
troduced in NIPA summary account 4. Specifically,
under current receipts, the following lines will be
added reflecting reclassified series: Taxes from the rest
27. This change is related to the introduction o f NAICS, not to the
changes in the sum mary accounts (see the section “NAICS” below).
28. See the previous footnote.
Table 1.10. Gross Domestic Income by Type of Income
Line
Gross domestic income
Compensation of employees, paid
Wage and salary accruals
Disbursements
To persons
To the rest of the world
Wage accruals less disbursements
Supplements to wages and salaries
Redesigned tables
Taxes on production and imports
Many NIPA tables will be redesigned to reflect the
changes in the NIPA summary accounts. This section
discusses the most important changes to the NIPA ta
bles that most closely reflect the summary accounts:
Table 2.1, “Personal Income and Its Disposition,” table
3.1, “Government Current Receipts and Expenditures,”
table 4.1, “Foreign Transactions in the National In
come and Product Accounts,” and table 5.1, “Saving
and Investment.”26
The redesigned table 2.1 will reflect the changes in
troduced in NIPA summary account 3. Specifically,
lines will be added for “compensation o f employees,
received,” for supplements to wages and salaries, for
employer contributions for government social insur
ance, for personal income receipts on assets, for gov
ernment social benefits, for other current transfer
receipts (net), for “less: contributions for government
social insurance,” for personal current transfer pay
ments, and for personal current transfer payments to
government. In addition, the name changes discussed
in the section on summary account 3 will be intro
Net operating surplus
Private enterprises
Net interest and miscellaneous payments, domestic industries
Business current transfer payments (net)
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,
domestic industries
Taxes on corporate income
Profits after tax with inventory valuation and capital consumption adjustments
Net dividends
Undistributed corporate profits with inventory valuation and capital consumption
adjustments
Current surplus of government enterprises
25. Table 1.10 shows the income earned by domestic industries, so the fol
lowing lines in sum m ary account 2 are not needed in table 1.10: Dividend
payments to the rest o f the world, dividend receipts from the rest o f the
world, reinvested earnings on foreign direct investment in the United
States, and reinvested earnings on U.S. direct investment abroad.
26. These table numbers are unchanged (see the box “Guide to the NIPA
Table Reorganization” ), but the title o f table 5.1 will be changed from
“Gross Saving and Investment.” For more information, see the box “Avail
ability o f Redesigned Tables.”
Less: Subsidies
Consumption of fixed capital
Private
Government
Addendum:
Statistical discrepancy
Table 1.16. Sources and Uses of Private Enterprise Income
Line
Sources of private enterprise income
Net operating surplus
Income receipts on assets
Interest
Dividend receipts from the rest of the world
Reinvested earnings on U.S. direct investment abroad
Uses of private enterprise income
Income payments on assets
Interest and miscellaneous payments
Dividend payments to the rest of the world
Reinvested earnings on foreign direct investment in the United States
Business current transfer payments (net)
To persons (net)
To government (net)
To the rest of the world (net)
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
Taxes on corporate income
To government
To the rest of the world
Profits after tax with inventory valuation and capital consumption adjustments
Net dividends
Undistributed corporate profits with inventory valuation and capital consumption
adjustments
August 2003
S urvey
of
of the world, interest and miscellaneous receipts, divi
dends, and current surplus of government enterprises.
In addition to the name changes that were discussed in
the section on summary account 4, lines will be added
under current receipts for current tax receipts, for in
come receipts on assets, for current transfer receipts,
for current transfer receipts from business (net), and
for current transfer receipts from persons.
In table 3.1, under current expenditures, lines will
be added for government social benefits, for govern
ment social benefits to the rest of the world, and for
“other current transfer payments to the rest of the
world (net).” Under current expenditures, the follow
ing lines will be deleted, reflecting reclassified series:
Net interest paid, “less: interest received by govern
ment,” “less: dividends received by government,” “sub
sidies less current surplus of government enterprises,”
and “less: current surplus of government enterprises.”
The addenda will be modified to show two new aggre
gates: Total receipts, which will be the sum of current
receipts and capital transfer receipts, and total expen
ditures, which will be the sum o f current expenditures,
gross government investment, capital transfer pay
ments, and net purchases of nonproduced assets, less
CFC. The current series “net lending or borrowing
(- )” will be shown as total receipts less total expendi
tures.
The changes to table 3.1 will also be introduced in
table 3.2, “Federal Government Current Receipts and
Expenditures,” and in table 3.3, “State and Local Gov
ernment Current Receipts and Expenditures.” Reflect
ing the changes to summary account 4, a new table 3.7,
“Government Current Transfer Receipts,” and a new
table 3.13, “Subsidies,” will be introduced.
The redesigned table 4.1 will reflect the changes in
troduced in NIPA summary account 5. Specifically,
lines will be introduced to show the detail in summary
account 5 on income receipts from the rest of the
world (lines 5-3 through 5-7) and on income pay
ments to the rest of the world (lines 5-11 through
5-15). The name changes discussed for summary ac
count 5 will be introduced. In the new addenda, “net
lending or borrowing (-), NIPA’s” will be shown as
“balance on current account, NIPA’s,” less “capital
transfer payments to the rest o f the world (net).”
The redesigned table 5.1, “Saving and Investment,”
will reflect the changes introduced in NIPA summary
account 6. Specifically, lines will be introduced to show
net saving as the sum of net private saving and net gov
ernment saving. Gross saving will be shown as the sum
of net saving and consumption of fixed capital. Net
private saving will be shown as the sum of personal
saving, undistributed corporate profits with IVA and
17
C u r r e n t B u s in e s s
CCAdj, and wage accruals less disbursements. Net gov
ernment saving will be shown as the sum of Federal net
saving and state and local net saving. CFC will be
shown as the sum of the private and government com
ponents of CFC. Gross domestic investment will be
shown as the sum of gross private domestic investment
and gross government investment. Two lines, “capital
transfers paid to the rest of the world (net)” and “net
lending or borrowing (-), NIPA’s,” will replace “net
foreign investment.” “Gross domestic investment, cap
ital transfers, and net lending, NIPA’s” will replace
“gross investment.”
New addenda will show gross private saving, gross
government saving (and its Federal and state and local
components), net domestic investment, gross saving as
a percentage o f GNI, and net saving as a percentage of
GNI. The former addendum, gross saving as a percent
age o f gross national product (GNP), will be discontin
ued. Showing saving measures as percentages of GNI
rather than of GNP better aligns the saving measures
with the income measures.
N ew A nalytical Tables
Table 2 at the end of this article presents a preliminary
list of the revised set of NIPA tables that is arranged ac
cording to the new numbering system. (See the box on
page 15.)
Percentage shares of GDP and GDI
Two new tables will show the percentage shares of GDP
and GDI that are accounted for by major components.
These shares, which will be calculated on a currentdollar basis, will provide data users with an accurate
measure of the size and importance o f the components
o f GDP and GDI.29 Table 1.1.10, “Percentage Shares of
Gross Domestic Product,” will be published annually
and quarterly; table 1.11, “Percentage Shares o f Gross
Domestic Income,” will be published annually.
Percent changes and contributions
New tables will show information on percent changes
and on contributions to percent change for additional
NIPA aggregates. The following new tables will be in
troduced: For GDP by major type of product, tables
29. Relative shares calculated from chained-dollar estimates are mislead
ing and inappropriate for this purpose, especially for periods away from the
reference year. Chained-dollar measures are computed by multiplying the
reference-year, current-dollar value by a corresponding quantity index
number divided by 100. Because the relative prices used as weights for any
period other than the reference year differ from those used for the reference
year, the chained-dollar values will not necessarily sum to the chained-dollar aggregate. In general, the use o f chained-dollar estimates to calculate
component shares may be misleading for periods away from the reference
year.
18
National Income and Product Accounts
1.2.1 and 1.2.2; for private fixed investment in struc
tures by type, tables 5.4.1 A, 5.4.IB, 5.4.2A, and 5.4.2B;
and for private fixed investment in equipment and
software by type, tables 5.5.1 and 5.5.2. These new ta
bles will be grouped with other NIPA tables that con
tain related estimates (see the box “Guide to the
Reorganization of the NIPA Tables” ). Table 2 lists the
other new tables that will be added; these tables will
show additional price and quantity indexes and other
estimates.
The new tables presenting the contributions to per
cent change provide accurate measures of relative
sources of change in major aggregates; chained-dollar
measures do not.
Several new tables will also be introduced to show
the percent changes in the following real estimates for
which contributions to percent change are already
shown: For personal consumption expenditures, table
2.3.1; for government consumption expenditures and
gross investment, table 3.9.1; for exports and imports
o f goods and services table 4.2.1; and for private fixed
investment, table 5.3.1. These new tables will be
grouped with the tables that contain related estimates,
including the tables that show the contributions to
percent change (current tables 8.3 through 8.6).30
The following new tables showing percent changes
will also be added: For real gross value added by sector,
table 1.3.1 (see the section “Value added” ); for real
GDP, real gross domestic purchases, and real final sales
to domestic purchasers, table 1.4.1; for price indexes
for gross domestic purchases, table 1.6.7; for real GDP,
real GNP, and real net national product, table 1.7.1; for
monthly real PCE, table 2.8.1; for real government
consumption expenditures and general government
gross output, table 3.10.1 (see the section “Services of
general government” ); for real national defense con
sumption expenditures and gross investment by type,
table 3.11.1; for real auto output, table 7.2.1 A; and for
real motor vehicle output, table 7.2.IB.
Expanded detail for GDP
A group of tables that shows estimates related to GDP
in greater detail than is currently shown in table 1.1
will be added. The detailed items will correspond to
the items currently shown in table 8.2 (new table
1.5.2). The additional tables will show percent changes
(table 1.5.1), quantity indexes (table 1.5.3), price in
dexes (table 1.5.4), current dollars (1.5.5), and chained
dollars (1.5.6). These tables will provide data users
with additional useful detail and will be published
quarterly and annually.
August 2003
Tables R eflecting C h an g es in D efinitions
and C lassificatio n s
National income tables
As discussed in the June article, national income will
be redefined to include all net incomes (net of CFC)
earned in production.31 Specifically, the following
items will be added to the current definition of na
tional income: The sum of taxes on production and
imports, current surplus of government enterprises,
business current transfer payments, and miscellaneous
payments on assets, less subsidies.32 To reflect this re
definition, tables 1.7.5, 1.12, and 1.13 will be rede
signed.
Table 1.7.5 (current table 1.9) will present the rela
tion of GDP, GNP, net national product, national in
come, and personal income. As a result of the
redefinition of national income, net national product
and national income will differ only by the statistical
discrepancy. The relation between national income
and personal income will be shown by subtracting the
components of national income that are not included
in personal income and by adding the components of
personal income that are not included in national in
come.
Table 1.12 (current table 1.14) will present national
income by type of income, but this redesigned table
will reflect the changes in series names that will be in
troduced and the following new lines that reflect the
redefinition of national income: Net interest and mis
cellaneous payments on assets (formerly net interest),
taxes on production and imports, “less subsidies,”
business current transfer payments, and current sur
plus of government enterprises. The addenda will also
show estimates of the IVA’s and CCAdj’s for nonfarm
proprietors’ income and for corporate profits and of
the CCAdj’s for farm proprietors’ income and for
rental income of persons. Showing these estimates in
the addenda streamlines the main body of the table
while it still provides estimates of the IVA’s and
CCAdj’s that are useful for understanding the relation
ship between the NIPA estimates and the source data
based on business-accounting or tax-accounting mea
sures.
Table 1.13 (current table 1.15) will present national
income by sector, by legal form o f organization, and by
type of income. This table will reflect (1) the redefini
tion of national income, (2) the reclassification of farm
housing, of owner-occupied housing, and of the rental
value of fixed assets used by nonprofit institutions
31. Moulton and Seskin, 31.
32. Currently, national income consists o f compensation o f employees,
30. For information on calculating contributions to percent change, see proprietors’ income with IVA and CCAdj, rental income o f persons with
“A Guide to the NIPA’s,” M -18, < www.bea.gov/bea/an/nipaguid.pdf>.
CCAdj, corporate profits with IVA and CCAdj, and net interest.
August 2003
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B u s in e s s
19
serving households, (3) the introduction of separate table 1.10.
subsectors within “households and institutions” for
households and for nonprofit institutions, (4) the in Services of general government
troduction o f a noncorporate business subsector, and As discussed in the June article, BEA has designed a
(5) the presentation of IVA’s and CCAdj’s in the ad new framework for government consumption expen
ditures that explicitly recognizes the services produced
denda.33
Reflecting the redefinition of national income, net by general government.35 The recognition of these ser
interest will be replaced by “net interest and miscella vices will affect the presentation in several tables and
neous payments on assets” for each legal form of orga will result in the introduction of several new tables. In
nization, “taxes on production and imports less addition, the distribution of GDP by major type of
subsidies plus business current transfer payments” will product shown in table group 1.2 (current table 1.3)
be shown for each legal form of organization, and will change; the output of services will increase, and
“current surplus of government enterprises” will be the output of goods will decrease, because all govern
shown under government enterprises and under non ment consumption expenditures will be included as
services produced and consumed by general govern
corporate business.
Because o f the sector reclassifications, owner-occu- ment. Currently in table 1.3, government consumption
pied farm housing will move from sole proprietorships expenditures are included as both goods and services
and partnerships to households and institutions; ten- in GDP by major type of product, according to the
ant-occupied farm housing will move from sole pro types of intermediate purchases (net o f sales). For ex
prietorships and partnerships to other private ample, government consumption expenditures for ed
business; owner-occupied nonfarm housing will move ucation will be included as educational services
from other private business to households and institu produced by government; currently, they are included
tions; and the taxes on production and imports and as goods and services consumed, such as books, paper,
the net interest of nonprofit institutions serving and salaries paid to teachers.
Table 3.10 on this page shows the new framework
households will move from other private business to
that will be used for a new group of tables— table
households and institutions.34
Compensation, which is currently shown under group 3.10— that will present government consump
“households and institutions,” will be shown for each tion expenditures and gross output. These tables will
of the two new subsectors, “households” and “non show the gross output of general government (line 2)
profit institutions.” To reflect the income associated as the sum of value added (line 3) and intermediate
with owner-occupied housing, the households subsec goods and services purchased (line 6). Government
tor will also show rental income of persons with consumption expenditures (line 1) will be derived by
CCAdj, net interest, and “taxes on production and im deducting own-account investment (line 10) and sales
ports less subsidies plus business current transfer pay to other sectors (line 11) from gross output. Using this
ments.” The nonprofit institutions subsector will show framework, estimates will be presented for total gov
compensation, net interest, and taxes on production ernment, for Federal Government, for Federal defense,
for Federal nondefense, and for state and local govern
and imports.
A subsector that shows noncorporate business will ment.
Within this framework, the new tables will present
be introduced. This section of table 1.13 will show, by
type of income, the sum of sole proprietorships and
partnerships, other private business, and government
35. See Moulton and Seskin, 30-31.
enterprises.
In the addenda in table 1.13, the IVA’s and CCAdj’s
Table 3.10. Government Consumption Expenditures and General
associated with the income components will be shown.
Government Gross Output, Selected Lines
This change will make the main body of the table eas
Line
ier to read, while it still provides estimates that are use
1 Government consumption expenditures *
ful for analysis. The estimates that are used to derive
2
Gross output of general government
domestic income, which were formerly shown in the
3
Value added
4
Compensation of general government employees
addenda in this table, will be featured in the new GDI
5
Consumption of general government fixed capital
33. For the changes in the definition o f national income, see Moulton and
Seskin, 31; for the changes in sector classifications, see Moulton and Seskin,
28-30.
34. The compensation o f these nonprofit institutions, which is currently
classified in the “households and institutions” sector, will not be affected.
6
7
8
9
10
11
Intermediate goods and services purchased
Durable goods
Nondurable goods
Services
Less: Own-account investment
Sales to other sectors
* This framework will also be used to present the estimates for Federal Government, for Federal defense, for
Federal nondefense, and for state and local government.
20
National Income and Product Accounts
two components of general government value added:
Compensation of general government employees (line
4) (including those engaged in own-account invest
ment in structures and software) and consumption of
general government fixed capital (line 5). Three com
ponents o f intermediate goods and services purchased
will be presented: Durable goods (line 7), nondurable
goods (line 8), and services (line 9).
The following government estimates will be pre
sented in the new tables in group 3.10 using the new
framework: Percent changes, table 3.10.1; quantity in
dexes, table 3.10.3; price indexes, table 3.10.4; current
dollars, table 3.10.5; and chained dollars, table 3.10.6.
In table group 3.11, the tables that present Federal
defense estimates will also be redesigned to reflect the
new framework. The additional detail on Federal de
fense that is comparable with that shown in the cur
rent NIPA table 3.10 will continue to be shown in new
table group 3.11; however, the detail on durable goods,
nondurable goods, and services will present gross in
termediate goods and services purchased rather than
net consumption expenditures.
In table group 3.9, the tables that formerly showed
government consumption expenditures and gross in
vestment by type will be redesigned to show only con
sumption expenditures and gross investment—
including separate lines for investment in structures
and in equipment and software— for each level of gov
ernment. The detail on durable goods, nondurable
goods, and “other services” will not be shown in table
group 3.9, because similar detail will be shown in table
group 3.10 as discussed above. In addition, the ad
denda that show “compensation o f general govern
ment employees” will be discontinued because these
estimates will be presented in table group 3.10.
Value added
In the NIPA’s, the term “gross value added” will replace
“gross product” and the term “net value added” will
replace “net product,” to refer to the product of sec
tors.36 Value added is the difference between gross out
put and intermediate inputs, and it equals the income
earned from production. GDP is equal to gross value
added that is aggregated across all the domestic sectors
o f the economy. The use of value added will make the
NIPA’s more consistent with the 1-0 accounts, and it is
used by S N A 1993. This change will affect several tables
in table groups 1.3 and 1.9 (current tables 1.7 and
1.12), which will show gross or net value added by sec
tor. It will also affect the tables that show value added
for specific sectors— for example, corporate business
36. Net value added will equal gross value added less CFC.
August 2003
(table 1.14), farm (table group 7.3), and housing (table
group 7.4).
As a result of the change in the definition of national
income, national income for specific domestic sectors
will equal net value added.37 For the farm and housing
sectors, net value added will equal “national income,”
which will no longer be shown for these sectors in ta
bles 7.3.5 (current table 8.10) and 7.4.5 (current table
8.12). Similarly, for corporate business, net value
added will replace domestic income in table 1.14 (cur
rent table 1.16).
Farm and housing sectors
Table groups 7.3 and 7.4 will be changed to present the
output, gross value added, and net value added of the
farm and housing sectors, respectively.38 For each sec
tor, the “product” will be renamed “value added,” and
net value added will equal national income, so the lines
“less: indirect business tax and nontax liability” and
“plus: subsidies to operators” will no longer be needed
to derive “national income” for the sectors. Instead,
new lines will show “taxes on production and im
ports,” “less: subsidies,” and “current transfer pay
ments” as components of each sector’s net value
added. In addition, “net operating surplus” will be
shown for each sector.
For the farm sector, the line “farm housing” will be
deleted from table group 7.3 (and farm output will be
reduced) because o f the change in the classification of
farm housing.39 In addition, the change in farm inven
tories that enters GDP will include the change in in
ventories of materials and supplies.40 The “change in
farm inventories,” currently under farm output will be
renamed “change in farm finished goods inventories.”
A new line, “change in farm materials and supplies in
ventories,” will be subtracted in the estimation of “in
termediate goods and services consumed.” A new
addendum will show change in farm inventories— the
aggregate of change in farm finished goods inventories
and change in farm materials and supplies invento
ries— which is the farm component o f change in pri
vate inventories that enters GDP.
Changes to the housing sector will also affect table
group 1.3 (current table 1.7), “Gross Value Added by
Sector.” Because o f the changes in the classification of
owner-occupied housing from the business sector to
37. Aggregated across all domestic sectors, national income for domestic
sectors (or net domestic income) and net value added (or net domestic
product) differ by the statistical discrepancy. The statistical discrepancy
cannot be allocated to specific sectors.
38. In the NIPA’s, components o f housing output and value added are
compiled as a “sector” for this table from activities in several sectors,
including private business, government enterprises, and households.
39. See Moulton and Seskin, 28-29.
40. See Moulton and Seskin, 27.
August 2003
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the households and institutions sector, housing can no
longer be shown as a subsector of nonfarm business.41
The two lines under nonfarm business, “nonfarm less
housing” and “housing,” will be deleted. “Gross hous
ing value added,” which will include farm housing, will
be shown in a new addendum.
Gross value added of corporate business
For corporate business, table 1.14 (current table 1.16)
will be updated to reflect the change from “gross prod
uct” to “gross value added.” As in the past, the gross
measure will be the only entry in the table for financial
corporations.42 For total corporate business and for
nonfinancial corporations, two components of the
gross measure will be distinguished: CFC and net value
added. Net value added will equal “domestic income,”
which will no longer be shown. Net value added, in
turn, will be shown as the sum o f compensation, taxes
on production and imports less subsidies, and net op
erating surplus. Net operating surplus will be shown as
the sum of net interest and miscellaneous payments,
business current transfer payments, and corporate
profits with IVA and CCAdj. In table 1.14, as in tables
1.12 and 1.13, the IVA’s and CCAdj’s will be shown in
the addenda.
Interest paid and received
Table 7.11 (current table 8.20), “Interest Paid and Re
ceived by Sector and Legal Form of Organization,” will
be redesigned to reflect the changes in definition that
will recognize the implicit services provided by prop
erty and casualty insurance companies and the implicit
services provided by commercial banks to both deposi
tors and borrowers.43 As already noted, the NIPA’s will
also reclassify farm and nonfarm owner-occupied
housing services and the rental value of fixed assets
used by nonprofit institutions serving households
from the business sector to the households and institu
tions sector.
Imputed interest. The section of table 7.11 that pre
sents imputed interest paid will be expanded. First, be
cause the imputed services provided by property and
casualty insurance companies are funded by invest
ment income from the property o f the policyholders,
the accounts must show an equal flow of imputed in
come paid to policyholders, which will be classified as
imputed interest. The imputed interest paid will be in
cluded in two new lines: “Property and casualty insur
ance companies” under financial, domestic corporate
41. See Moulton and Seskin, 29.
42. In the comprehensive revision, BEA will reclassify “financial” and
“nonfinancial” industries; see the section “NAICS.”
43. For the changes in the measurement o f insurance services and of
implicit services o f banks, see Moulton and Seskin 19-27.
B u s in e s s
21
business; and “rest of the world” (for imputed interest
paid to domestic policyholders by foreign insurance
companies). The imputed interest received by insur
ance policyholders will be included in the imputed in
terest received section of table 7.11.
Second, because of the recognition of the implicit
services provided by banks to borrowers, a portion of
the interest paid by borrowers to banks will be allo
cated as an expenditure for implicit services, and the
interest paid by the borrower and received by the bank
will be reduced by the amount o f the imputed expen
diture for borrower services. This reduction of bor
rower interest will be accomplished by recording
negative imputed interest paid by borrowers and re
ceived by banks. The negative imputed interest paid by
borrowers will be included in several new lines, using a
presentation similar to that currently used for imputed
interest received.44 The imputed interest received by
banks will be included in the section of table 7.11 that
presents imputed interest received.
Owner-occupied housing and fixed assets used by
nonprofit institutions. Table 7.11 will also be rede
signed to reflect the changes in the classification of
farm and nonfarm owner-occupied housing services
and of the rental value of fixed assets used by nonprofit
institutions serving households.45 In table 7.11, the sec
tions for monetary interest paid, for imputed interest
paid, and for imputed interest received will show a
households and institutions sector, which will replace
the current “persons” sector. Within the household
and institutions sector, lines will be shown for house
holds, owner-occupied housing, persons, and non
profit institutions.
Although owner-occupied housing and the rental
value of fixed assets used by nonprofit institutions
serving households will be reclassified to the house
holds and institutions sector, the treatment o f the
transactions associated with them— such as interest
and taxes— as business-type transactions will be re
tained. The addenda of table 7.11 that describe the cal
culation of net interest will be changed to include
interest paid and interest received by owner-occupied
housing and by nonprofit institutions serving house
holds; additional lines will be shown for owner-occupied housing and for nonprofit institutions.
Imputations
Table 7.12 (current table 8.21), “Imputations in the
National Income and Product Accounts,” will be rede
signed to reflect the focus on domestic measures of
product and income, to reflect the new NIPA summary
44. See the box “Availability o f Redesigned Tables.”
45. See Moulton and Seskin, 28-30.
22
National Income and Product Accounts
accounts, to incorporate the imputations introduced
by the new treatments of banking and insurance ser
vices, and to incorporate the sector reclassifications.
Structures
The NIPA estimates o f investment will reflect the
changes in the Census Bureau classification of the
value o f construction put in place.46 Beginning with
1997, a nonresidential structure is classified by its fu n c
tion instead of by its type. The new classification sys
tem will affect the NIPA estimates for private
nonresidential investment, Federal nondefense invest
ment, and investment by state and local governments.
Private residential investment and Federal defense in
vestment will not be affected by the new classification
system.
Private nonresidential structures. Using a concor
dance of Census Bureau data for 1997 on the old and
new bases, BEA developed four aggregated estimates
that will be presented for 1929 forward: Commercial
and health care, manufacturing, power and communi
cation, and “other structures.” These estimates will be
presented in redesigned table group 5.3 (current table
5.4) and in new table groups 5.4A and 5.4B (current
table 5.6). For 1929-97, table group 5.4A will show the
detail (based on the previous classification of struc
tures) underlying the new aggregates.
For 1997 forward, table 5.4.5B on this page shows
the detailed items that will be introduced to present
the four new aggregates and the detail (based on the
new classification system) underlying them. Table
5.4.5B will contain substantially more detail than was
previously available, especially for commercial struc
tures, health care facilities, and structures that are cur
rently included in “other buildings.”
Private residential structures. The residential por
tions of table groups 5.3 and 5.4 will be redesigned to
be consistent with the presentation shown for table
group 5.4.5B. This redesign, which provides more con
sistency between these groups of NIPA tables, is not re
lated to the new Census Bureau reclassification of
nonresidential structures.
Government structures. Beginning with 1997, the
presentation of Federal nondefense structures and
state and local structures in new table 5.8.5B on page
23 will reflect the new classification system developed
by the Census Bureau. As with private nonresidential
structures, the new classification system will pre
sent more detail than was previously available. For
1929-97, the presentation of estimates in table 5.8.5A
(current table 5.14) will not change. For 1997, BEA
and the Census Bureau developed a concordance for
46. See the “Notice” at < www.census.gov/const/www/c30index.html>
(August 11,2003).
August 2003
state and local structures that allows estimates using
both classification systems to be presented. For Federal
nondefense structures, BEA will prepare estimates for
1997-2001 that are based on a concordance for 2002.
Estimates for 1997 will be shown in both tables 5.8.5A
and 5.8.5B using the two classification systems.
Although the names o f several series in tables 5.8.5A
and 5.8.5B will be the same, only the estimates for 1997
can be compared directly. The estimates for other years
should not be directly compared, because the estimates
in table 5.8.5A will be classified by the type of structure
and the estimates in table 5.8.5B will be classified by
the function of the structure. For example, “educa
tional” in table 5.8.5B will include educational facilities
that are included in hospitals, industrial, conservation
and development, other buildings, and other non
buildings in table 5.8.5A. Similarly, “highways and
streets,” in table 5.8.5B will include construction that is
associated with hospitals, other buildings, and other
nonbuildings in table 5.8.5A.
NAICS
BEA is in the process of incorporating the North
American Industry Classification System (NAICS) as
Table 5.4.5B. Private Fixed Investment in Structures by Type
Line
Private fixed investment in structures
Nonresidential
Commercial and health care
Office
Health care
Hospitals and special care
Hospitals
Special care
Medical buildings
Multimerchandise shopping
Food and beverage establishments
Warehouses
Other commercial
Manufacturing
Power and communication
Power
Electric
Other power
Communication
Mining exploration, shafts, and wells
Petroleum and natural gas
Mining
Other structures
Religious
Educational and vocational
Lodging
Amusement and recreation
Transportation
Air
Land
Farm
Other
Brokers’ commissions on sale of structures
Net purchases of used structures
Residential
Permanent site
Single-family structures
Multifamily structures
Other structures
Manufactured homes
Dormitories
Improvements
Brokers’ commissions on sale of structures
Net purchases of used structures
Addenda:
Private fixed investment in new structures
Nonresidential structures
Residential structures
August 2003
S urvey
of
C
urrent
the basis for identifying, compiling, and presenting in
dustry estimates.47 Compared with the Standard In
dustrial Classification (SIC) that it replaces, NAICS is
organized on a conceptually more consistent basis,
better reflects new and emerging industries, adds new
47. For background on NAICS and its implementation by BEA, see John
R. Kort, “ The North American Industry Classification System in BEA’s Eco
nomic Accounts,” S u r v e y 81 (May 2001): 7-13; “ Upcoming Changes in the
NAICS-Based 1997 Benchmark Input-Output Accounts,” S u r v e y 81
(December 2001): 71-73; Ann M. Lawson and Karen J. Horowitz, “A Pre
view o f the 1997 Benchmark Input-Output Accounts: New and Detailed
Sum m ary Industries,” S u r v e y 82 (August 2002): 143-148; and Stephanie
H. McCulla and Carol E. Moylan, “ Preview o f Revised NIPA Estimates for
1997: Effects o f Incorporating the 1997 Benchmark 1-0 Accounts and Pro
posed Definitional and Statistical Changes,” S u r v e y 83 (January 2003):
10-16.
Table 5.8.5B. Gross Government Fixed Investment by Type
Line
Gross government fixed investment
Federal
National defense
Nondefense
State and local
Structures
Federal
National defense
New
Residential
Industrial
Military facilities
Net purchases of used structures
Nondefense
New
Residential
Office
Commercial
Health care
Educational
Public safety
Amusement and recreation
Transportation
Power
Highways and streets
Conservation and development
Other
Net purchases of used structures
State and local
New
Residential
Office
Commercial
Health care
Educational
Public safety
Amusement and recreation
Transportation
Power
Highways and streets
Sewer systems
Water systems
Conservation and development
Other
Net purchases of used structures
Equipment and software
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
B u s in e s s
23
classifications for the high-tech and services industries,
and provides industry statistics that are more compa
rable with those o f our North American trading part
ners, Canada and Mexico.
In the 2003 comprehensive revision, BEA will con
vert its estimates of income and employment by indus
try (tables 6.1 through 6.22) using the 1997 NAICS
beginning with 1998.48 These estimates will dovetail
with inventory and 1-0 estimates that have already
been presented on a NAICS basis and with the GDPby-industry estimates that will be presented on a NA
ICS basis in complete detail beginning with 1998.49
BEA also plans to provide GDP-by-industry estimates
for years before 1998 on a NAICS basis and is conduct
ing research to determine the period and level of detail
for these estimates.
For 1998-2000, annual NIPA estimates by industry
will be available on both the 1987 SIC basis and the
NAICS basis.50 The availability of both sets of estimates
for this overlap period will help data users assess the
comparability of estimates using the two classifica
tions. Quarterly industry estimates on the NAICS basis
will begin with the first quarter o f 2001, without any
overlap.
Because NAICS provides more detail than the SIC,
the most detailed NAICS-based tables— such as those
presenting compensation of employees and corporate
profits before tax—will be approximately a dozen lines
longer than the corresponding SIC-based tables.51
NAICS-based tables will be identified by a “D” in the
table number (for example, 6.ID and 6.2D); tables
based on the 1987 SIC will continue to identified by a
“C” in the table number.
As part o f the incorporation of NAICS, BEA will re
classify financial industries and nonfinancial industries
that appear in certain tables (for example, tables 1.14
and 6.16D). Under NAICS, “financial industries” will
consist of “finance and insurance,” “offices of bank
holding companies,” and “offices of other holding
companies.” “Insurance agencies and brokerages,” and
48. The 1997 version o f NAICS was used for the 1997 Economic Census
and BEA’s 1997 benchmark 1-0 accounts. The 2002 version o f NAICS is
being used for the 2002 Economic Census.
49. Inventory estimates in table groups 5.6 and 5.7 were converted to
NAICS from the SIC as part o f the annual revision o f the NIPA’s released in
2001; see Paul R. Lally, “An Upcoming Change in the NIPA Presentation of
Private Inventories by Industry,” S u r v e y 81 (June 2001): 22-26; and Brent
R. Moulton, Eugene P. Seskin, and David F. Sullivan, “Annual Revision of
the National Income and Product Accounts,” S u r v e y 81 (August 2001):
7-32. The 1-0 accounts were first presented on a NAICS basis in Ann M.
Lawson, Kurt S . Bersani, Mahnaz Fahim-Nader, and Jiemin Guo, “Bench
mark Input-Output Accounts o f the United States, 1997,” S u r v e y 82
(December 2002): 19-109.
50. The 1987 SIC is the basis for the income and employment estimates
for 1987-2000. Estimates for 1948-87 are based on the 1972 SIC, and esti
mates for 1929-48 are based on the 1942 SIC.
51. See the box “Availability o f Redesigned Tables.”
24
National Income and Product Accounts
“offices of other holding companies” will be reclassi
fied as financial industries; previously they had been
classified as nonfinancial industries.52
O th er M ajor Table C han g es
Nonprofit institutions serving households
In the NIPA’s, the personal sector comprises house
holds and nonprofit institutions serving households.53
Separate estimates for the income and outlays of each
o f these components will be provided in the new an
nual table 2.9. In another new annual table, 7.20, the
new estimates for nonprofit institutions will be com
pared with estimates from the Internal Revenue Ser
vice.54
Real government by function
As part of the comprehensive revision, BEA will
present new and revised estimates of government con
sumption expenditures and gross investment by func
tion in table 3.15.5 (current table 3.15). Real estimates
of government consumption expenditures and gross
investment (both quantity indexes and chained dol
lars) will be available for the first time. The newly
available estimates and the tables that will present
them will be discussed in a S u r v e y article in the spring
o f 2004.
Motor vehicle output
As part of the comprehensive revision, BEA will de
velop improved estimates of the net purchases of used
light trucks (including utility vehicles).55 As a result, ta
ble group 7.2B (current table 8.8B), which will show
motor vehicle output, will present estimates of “used
light trucks (including utility vehicles)” and “used au
tos” for PCE, for private fixed investment, and for the
change in private inventories. Within PCE and private
fixed investment, the new aggregate “net purchases of
used autos and used light trucks” will be introduced.
Within change in private inventories, the lines “new”
and “used” will be presented under “trucks.” Within
gross government investment, “new trucks” will be re
named “trucks” to reflect the inclusion of the estimates
for used light trucks (including utility vehicles). A new
52. This reclassification will also be implemented to the extent possible
for the SIC-based estimates for periods before 1998.
53. N onprofit institutions that are considered to serve businesses rather
than households— such as chambers o f commerce and trade associations—
are included in the business sector o f the NIPA’s. These institutions will not
be included in the new tables.
54. Preliminary estimates for 1992-2001 in these tables were presented in
Charles Ian Mead, Clinton P. McCully, and Marshall B. Reinsdorf, “ Income
and Outlays o f Households and o f N onprofit Institutions Serving House
holds,” S u r v e y 83 (April 2003): 13-17.
55. These improved estimates will be discussed in the September S u r v e y
article on the statistical changes to the NIPA’s.
August 2003
table showing price indexes for motor vehicle output
will also be introduced (table 7.2.4B).
Private fixed investment in equipment and
software
The incorporation of the 1997 benchmark 1-0 ac
counts into the NIPA’s will result in changes to table
group 5.5 (current table 5.8), which presents private
fixed investment in equipment and software.56 Within
information processing equipment and software, a
new aggregate “computers, software, and communica
tion” will be added, and instruments will be replaced
by nonmedical instruments and “medical equipment
and instruments,” beginning with 1929. Within trans
portation equipment, “trucks, buses, and trailers,” will
present additional detail for light trucks (including
utility vehicles) and for “other trucks, buses, and truck
trailers,” beginning with 1987. Within “other equip
ment,” the line for tractors will be deleted, and the
products formerly included in tractors will be included
under “agricultural machinery,” “construction ma
chinery,” and “other,” beginning with 1929.
Updated reference year
As part of the 2003 comprehensive revision, BEA will
feature output and price measures that use 2000 as the
reference year; currently, 1996 is the reference year.57
The estimates for most tables showing “real,” chaineddollar, estimates will be for 1990 forward.
Updating the reference year will not, by itself, affect
the percent changes in the price or quantity indexes (or
in the chained-dollar estimates), because these changes
are measured with chain-type indexes.58 Revisions that
will be made to the growth rates of NIPA aggregates
will reflect the incorporation of newly available and re
vised source data, as well as changes in definitions,
classifications, and methodologies, but not the change
in the reference year.
Discontinued tables
Several NIPA tables will be discontinued, but most of
the information they contain will still be available. Ta
ble 2.8 will be discontinued, but the estimates will be
56. For more information on the impact o f the 1997 1-0 accounts on the
NIPA estimates, see McCulla and Moylan, “Preview o f Revised NIPA Esti
mates.”
57. The reference year will be 2000 because that is the latest year for which
the current-dollar estimates will not be subject to revision until the next
comprehensive revision. Quantity and price indexes at the m ost detailed
level will be expressed with 2000 equal to 100 and will provide the inputs
used for calculating higher level chain-type measures.
The reference years used in tables 1.1.6A, 1.1.6B, 1.1.6C, and 1.1.6D
(1937,1952,1972, and 1982, respectively) will not be changed.
58. See J. Steven Landefeld and Robert P. Parker, “ Preview o f the Com pre
hensive Revision o f the National Income and Product Accounts: BEA’s New
Featured Measures o f Output and Prices,” S u r v e y 75 (July 1995): 31-38.
August 2003
S urvey
of
C u r r e n t B u s in e s s
included in new tables 2.6, 2.7A, and 2.7B. Table 3.9,
which presents government consumption expendi
tures gross and net of sales by type, will be discontin
ued; estimates of government intermediate goods and
services purchased and government sales to other sec
tors will be presented in the new table group 3.10 (see
the section “Services of general government” ). Tables
4.2 and 7.9 will be discontinued, but the estimates will
be included in new table group 4.2. Most of the section
7 tables on quantity and price indexes will be relocated
25
to other sections of the tables (see table 2 at the end of
this article). Table 7.2 will be discontinued, but most of
the estimates that it contains will be relocated to sec
tion 1; the current-dollar indexes will be discontinued.
Table 8.1 will be discontinued, but most of the esti
mates will be relocated to section 1; the percent
changes in current dollars and in implicit price defla
tors will be discontinued.
Table 2 follow s.
26
National Income and Product Accounts
August 2003
Table 2. Revised NIPA Tables
Table number
Table title
New
Comments1
Old
S um m ary Table
A
A
Summary National Income and Product Accounts........................................................................
Redesigned, see text.
1. Dom estic Product and Income
1.1.1*
S.1*
Percent Change From Preceding Period in Real Gross Domestic Product..........................................
1.1.2*
S.2*
Contributions to Percent Change in Real Gross Domestic Product
1.1.3*
1.1.4*
7.1*
Real Gross Domestic Product, Quantity Indexes
7.1*
Price Indexes for Gross Domestic Product
1.1.5*
1.1*
Gross Domestic Product
1.1.6*
1.1.6A
1.2*
1.2A
Real Gross Domestic Product, Chained (1937) Dollars
1.1.6B
1.2B
Real Gross Domestic Product, Chained (1952) Dollars
1.1.6C
1.1.6D
1.2C
1.2D
Real Gross Domestic Product, Chained (1972) Dollars
1.1.7*
8.1*
1.1.8*
1.1.9*
7.1*
Real Gross Domestic Product, Chained Dollars...........................................................................
Final sales of domestic product, gross domestic purchases, and final sales to
domestic purchasers now included in table 1.4.1. Gross national product and
disposable personal income now included in table 1.6.1.
Chained (2000) dollars.
Real Gross Domestic Product, Chained (1982) Dollars
Percent Change From Preceding Period in Prices for Gross Domestic Product....................................
Reflects table 1.1.6 detail.
Contributions to Percent Change in the Gross Domestic Product Price Index......................................
New table. Reflects table 1.1.7 detail.
Implicit Price Deflators for Gross Domestic Product.......................................................................
Includes implicit price deflator for gross national product.
1.1.10*
1.2.1*
Percentage Shares of Gross Domestic Product............................................................................
New table. Reflects table 1.1.5 detail.
Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product.........
New table. Reflects table 1.2.6 detail.
1.2.2*
Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product...................
New table. See comments for table 1.2.6.
7.17*
Real Gross Domestic Product by Major Type of Product, Quantity Indexes.........................................
See comments for table 1.2.6.
1.2.5*
1.3*
Price Indexes for Gross Domestic Product by Major Type of Product.................................................
Gross Domestic Product by Major Type of Product........................................................................
See comments for table 1.2.6.
1.2.6*
1.4*
Real Gross Domestic Product by Major Type of Product, Chained Dollars..........................................
1.2.3*
1.2.4*
1.3.1*
Addenda include motor vehicle output, GDP less motor vehicle output, final sales of
computers, and GDP less final sales of computers.
Percent Change From Preceding Period in Real Gross Value Added by Sector....................................
New table. Reflects table 1.3.6 detail.
Real Gross Value Added by Sector, Quantity Indexes....................................................................
See comments for table 1.3.6.
7.14*
Price Indexes for Gross Value Added by Sector............................................................................
See comments for table 1.3.6.
1.7*
Gross Value Added by Sector..................................................................................................
See comments for table 1.3.6.
1.8*
Real Gross Value Added by Sector, Chained Dollars.....................................................................
Gross “producf renamed gross “value added.” Table modified for reclassification of
owner-occupied housing, see text.
1.3.3*
1.3.4*
7.14*
1.3.5’
1.3.6*
1.4.1*
Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases,
and Real Final Sales to Domestic Purchasers...........................................................................
1.4.3*
Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic
Purchasers, Quantity Indexes...............................................................................................
Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic
Purchasers.......................................................................................................................
Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers
1.4.4*
1.4.5*
1.5*
1.4.6*
1.6*
1.5.1*
1.5.2*
New table. See comments for table 1.2.6.
New table. Reflects table 1.4.6 items.
New table. Addenda include final sales of domestic product.
See comments for table 1.4.6.
Addenda include final sales of domestic product.
New table. Reflects table 1.5.2 detail, see text.
1.5.3*
1.5.4*
Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail
Real Gross Domestic Product, Expanded Detail, Quantity Indexes...................................................
Price Indexes for Gross Domestic Product, Expanded Detail...........................................................
New table. See comments for table 1.5.1.
New table. See comments for table 1.5.1.
1.5.5*
Gross Domestic Product, Expanded Detail.................................................................................
New table. See comments for table 1.5.1.
1.5.6*
Real Gross Domestic Product, Expanded Detail, Chained Dollars....................................................
New table. See comments for table 1.5.1.
1.6.4*
Price Indexes for Gross Domestic Purchases..............................................................................
New table. Reflects table 1.6.8 detail. Addenda include food, energy, and GDP less
food and energy.
1.6.7*
Percent Change From Preceding Period in Prices for Gross Domestic Purchases................................
New table. Reflects table 1.6.8 detail. Addenda include food, energy, and GDP less
food and energy.
1.6.8*
8.2*
Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to
Domestic Purchasers, Chained Dollars...................................................................................
Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail...................
New table. Reflects table 1.4.6 items.
8.30*
Contributions to Percent Change in the Gross Domestic Purchases Price Index
1.7.1*
Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross National Product,
and Real Net National Product..............................................................................................
New table.
1.7.3*
Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity
Indexes............................................................................................................................
New table.
1.7.4*
Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product...............
New table.
1.7.5*
1.9*
Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and
Personal Income................................................................................................................
1.7.6*
1.10*
Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product,
Chained Dollars
1.8.3*
7.3*
Command-Basis Real Gross National Product, Quantity Indexes......................................................
Reflects table 1.8.6 detail.
1.8.6*
1.11*
Command-Basis Real Gross National Product, Chained Dollars.......................................................
Addenda include terms of trade.
See footnotes at the end of the table.
Reflects redesigned summary accounts and redefinition of national income, see
text.
August 2003
S urvey
of
27
C u r r e n t B u s in e s s
Table 2. Revised NIPA Tables—Continued
Table number
Table title
New
Comments1
Old
1.9.3
Real Net Value Added by Sector, Quantity Indexes........................................................................
New table. Reflects table 1.9.6 detail.
1.9.4
Price Indexes for Net Value Added by Sector...............................................................................
New table. See comments for table 1.9.3.
1.9.5
1.12
Net Value Added by Sector.....................................................................................................
See comments for table 1.9.6.
1.9.6
1.13
Real Net Value Added by Sector, Chained Dollars........................................................................
Net “product’ renamed net “value added.” Table modified for reclassification of
owner-occupied housing, see text.
1.10*
Gross Domestic Income by Type of Income.................................................................................
New table, see text.
1.11
Percentage Shares of Gross Domestic Income............................................................................
New table, see text.
1.12*
1.13
1.14*
National Income by Type of Income..........................................................................................
Reflects new definition of national income, see text.
1.15
National Income by Sector, Legal Form of Organization, and Type of Income......................................
See comments for table 1.12.
1.14*
1.16*
Gross Value Added of Corporate Business in Current Dollars and Gross Value Added of Nonfinancial
Corporate Business in Current and Chained Dollars...................................................................
Redesigned, see text.
1.15*
7.15*
Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Corporate Business
1.16
Sources and Uses of Private Enterprise Income..........................................................................
New table. Introduced to reflect redesigned summary accounts, see text.
2. Personal Income and Outlays
2.1*
Personal Income and Its Disposition.........................................................................................
Reflects redesigned summary accounts, see text.
2.2A
2.1*
Wage and Salary Disbursements by Industry..............................................................................
New table. Reflects annual and quarterly SIC-based industry detail.
2.2B*
Wage and Salary Disbursements by Industry..............................................................................
New table. Reflects annual and quarterly NAICS-based industry detail.
2.3.1*
Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of
Product............................................................................................................................
New table. Reflects table 2.3.6 detail.
See comments for table 2.3.1.
2.3.2*
8.3*
Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product...
2.3.3*
7.4*
Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes
2.3.4*
7.4*
Price Indexes for Personal Consumption Expenditures by Major Type of Product
2.3.5*
2.2*
Personal Consumption Expenditures by Major Type of Product
2.3.6*
2.3*
Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars
2.4.3
7.5
Real Personal Consumption Expenditures by Type of Product, Quantity Indexes
2.4.4
7.5
Price Indexes for Personal Consumption Expenditures by Type of Product
2.4.5
2.6
Personal Consumption Expenditures by Type of Product
2.4.6
2.7
Real Personal Consumption Expenditures by Type of Product, Chained Dollars
2.5.3
7.20
Real Personal Consumption Expenditures by Type of Expenditure, Quantity Indexes
2.5.4
7.20
Price Indexes for Personal Consumption Expenditures by Type of Expenditure
2.5.5
2.4
Personal Consumption Expenditures by Type of Expenditure
2.5.6
2.5
Real Personal Consumption Expenditures by Type of Expenditure, Chained Dollars
2.6
2.7A
2.9
Personal Income and Its Disposition, Monthly
Wage and Salary Disbursements by Industry, Monthly...................................................................
2.7B
Wage and Salary Disbursements by Industry, Monthly...................................................................
New table. Reflects monthly SIC-based industry detail.
New table. Reflects monthly NAICS-based industry detail.
2.8.1
Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of
Product, Monthly...............................................................................................................
New table. Reflects table 2.8.6 detail. Percent changes presented at monthly rates.
2.8.3
2.8.4
Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes..............
New table. Reflects table 2.8.6 detail.
Price Indexes for Personal Consumption Expenditures by Major Type of Product, Monthly.....................
New table. Reflects table 2.8.6 detail.
Personal Consumption Expenditures by Major Type of Product, Monthly............................................
Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars...............
See comments for table 2.8.6.
Addenda include PCE less food and energy.
New table. Introduces subsectors for households and nonprofit institutions, see text.
2.8.5
2.8.6
2.9
2.10
2.11
3.1*
3.2*
3.1*
3.2*
Government Current Receipts and Expenditures..........................................................................
Federal Government Current Receipts and Expenditures...............................................................
3.3*
3.3*
3.4
State and Local Government Current Receipts and Expenditures.....................................................
3.4
3.5
3.5
Taxes on Production and Imports.............................................................................................
Most nontaxes reclassified, see text.
3.6
3.7
3.6
Contributions for Government Social Insurance............................................................................
“Personal” contributions renamed “employee and self-employed” contributions.
3.8
3.13
Personal Income and Its Disposition by Households and by Nonprofit Institutions Serving Households.....
3. Governm ent Current Receipts and Expenditures
3.9.1*
Personal Current Tax Receipts.................................................................................................
Reflects redesigned summary accounts, see text.
See comments for table 3.1.
See comments for table 3.1.
“Nontaxes” moved to table 3.7, renamed “current transfer payments.”
Government Current Transfer Receipts......................................................................................
New table. Includes reclassified nontaxes.
Current Surplus of Government Enterprises................................................................................
Subsidies now separately presented in table 3.13.
Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross
Investment........................................................................................................................
New table. Reflects table 3.9.2 detail.
3.9.2*
8.6*
Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment...
Reflects recognition of government as a producer of services, see text.
3.9.3*
7.11*
Real Government Consumption Expenditures and Gross Investment, Quantity Indexes........................
See comments for table 3.9.2.
3.9.4*
7.11*
Price Indexes for Government Consumption Expenditures and Gross Investment................................
See comments for table 3.9.2.
3.9.5*
3.7*
Government Consumption Expenditures and Gross Investment.......................................................
See comments for table 3.9.2.
3.9.6*
3.8*
Real Government Consumption Expenditures and Gross Investment, Chained Dollars..........................
See comments for table 3.9.2.
3.10.1*
Percent Change From Preceding Period in Real Government Consumption Expenditures and General
Government Gross Output...................................................................................................
New table. Reflects recognition of government as a producer of services, see text.
3.10.3*
Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes....
New table. See comments for table 3.10.1.
3.10.4*
Price Indexes for Government Consumption Expenditures and General Government Gross Output..........
New table. See comments for table 3.10.1.
See footnotes at the end of the table.
August 2003
National Income and Product Accounts
28
Table 2. Revised NIPA Tables—Continued
Table number
Table title
New
Comments1
Old
3.10.5*
Government Consumption Expenditures and General Government Gross Output.................................
New table. See comments for table 3.10.1.
3.10.6*
Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars...
New table. See comments for table 3.10.1.
3.11.1*
New table. Reflects new table 3.11.3 detail.
7.12
Percent Change From Preceding Period in Real National Defense Consumption Expenditures and Gross
Investment by Type............................................................................................................
Real National Defense Consumption Expenditures and Gross Investment by Type, Quantity Indexes........
7.12
Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type...............
See comments for table 3.11.3.
3.11.5*
3.10*
National Defense Consumption Expenditures and Gross Investment by Type......................................
See comments for table 3.11.3.
3.11.6*
3.11*
3.12
Real National Defense Consumption Expenditures and Gross Investment by Type, Chained Dollars.........
See comments for table 3.11.3.
Government Social Benefits....................................................................................................
Table renamed. Includes government social benefits paid to the rest of the world.
Subsidies............................................................................................................................
New table.
3.11.3*
3.11.4*
3.12
3.13
3.14
3.14
Government Social Insurance Funds Current Receipts and Expenditures
Real Government Consumption Expenditures and Gross Investment by Function, Quantity Indexes.........
3.15.3
Reflects recognition of government as a producer of services, see text.
New table. Reflects the introduction of real government by function estimates, see
text.
3.15
Government Consumption Expenditures and Gross Investment by Function
3.16
3.16
Government Current Expenditures by Function............................................................................
Reflects redesigned summary accounts.
3.17
3.17
Selected Government Current Expenditures by Function...............................................................
See comments for table 3.16.
3.18A
3.18A
Relation of Federal Government Current Receipts and Expenditures in the National Income and Product
Accounts to the Consolidated Cash Statement, Fiscal Years........................................................
Reflects redesigned summary accounts.
3.18B
3.18B
Relation of Federal Government Current Receipts and Expenditures in the National Income and Product
Accounts to the Budget, Fiscal Years......................................................................................
See comments for table 3.18A.
3.19
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.............................
See comments for table 3.18A.
3.20
3.20
Relation of Commodity Credit Corporation Expenditures in the National Income and Product Accounts to
Commodity Credit Corporation Outlays in the Budget
4.1*
4.1*
Foreign Transactions in the National Income and Product Accounts..................................................
Reflects redesigned summary accounts, see text.
Percent Change From Preceding Period in Real Exports and Imports of Goods and Services by Type of
Product............................................................................................................................
New table. Reflects table 4.2.6 detail.
3.15.5
Real Government Consumption Expenditures and Gross Investment by Function, Chained Dollars..........
3.15.6
New table. See comments for table 3.15.3.
4. Foreign Transactions
4.2.1*
4.2.2*
8.5*
4.2.3*
7.10*
Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of
Product............................................................................................................................
Real Exports and Imports of Goods and Services by Type of Product, Quantity Indexes........................
4.2.4*
7.10*
Price Indexes for Exports and Imports of Goods and Services by Type of Product................................
See comments for table 4.2.6.
4.2.5*
4.3*
Exports and Imports of Goods and Services by Type of Product.......................................................
Real Exports and Imports of Goods and Services by Type of Product, Chained Dollars.........................
See comments for table 4.2.6.
See comments for table 4.2.6.
See comments for table 4.2.6.
Addenda include exports and imports of durable goods and nondurable goods.
4.2.6*
4.4*
4.3A
4.5A
4.3B
4.5B
5.1*
5.2.3
5.1*
7.19
Saving and Investment...........................................................................................................
Real Gross and Net Investment by Major Type, Quantity Indexes
5.2.5
5.2.6
5.2
5.3
Gross and Net Investment by Major Type
Percent Change From Preceding Period in Real Private Fixed Investment by Type...............................
New table. Reflects table 5.3.6 detail.
5.3.2*
8.4*
Contributions to Percent Change in Real Private Fixed Investment by Type.........................................
Structures detail reflects new structures aggregates, see text.
5.3.3*
7.6*
Real Private Fixed Investment by Type, Quantity Indexes................................................................
See comments for table 5.3.2
5.3.4*
7.6*
Price Indexes for Private Fixed Investment by Type.......................................................................
See comments for table 5.3.2
5.3.5*
5.4*
Private Fixed Investment by Type..............................................................................................
See comments for table 5.3.2
5.3.6*
5.4.1A
5.5*
Real Private Fixed Investment by Type, Chained Dollars................................................................
See comments for table 5.3.2
Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type..............
New table. Reflects table 5.4.6A detail.
Relation of Foreign Transactions in the National Income and Product Accounts (NIPA's) to the
Corresponding Items in the International Transactions Accounts (ITA’s)
Relation of Foreign Transactions in the National Income and Product Accounts (NIPA’s) to the
Corresponding Items in the International Transactions Accounts (ITA’s)
5. Saving and Investm ent
5.3.1*
Reflects redesigned summary accounts, see text.
Real Gross and Net Investment by Major Type, Chained Dollars
5.4.1 B
Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type..............
New table. Reflects table 5.4.6B detail.
5.4.2A
Contributions to Percent Change in Real Private Fixed Investment in Structures by Type........................
New table. Reflects table 5.4.6A detail.
5.4.2B
Contributions to Percent Change in Real Private Fixed Investment in Structures by Type.......................
New table. Reflects table 5.4.6B detail.
5.4.3A
7.7
Real Private Fixed Investment in Structures by Type, Quantity Indexes..............................................
Table presents annual estimates for 1929-1997. Detail reflects new structures
aggregates, see text.
5.4.3B
7.7
Real Private Fixed Investment in Structures by Type, Quantity Indexes..............................................
Table presents annual estimates for 1997 and later. Detail reflects new Census
Bureau construction classification, see text.
5.4.4A
7.7
Price Indexes for Private Fixed Investment in Structures by Type......................................................
See comments for table 5.4.3A.
5.4.4B
7.7
Price Indexes for Private Fixed Investment in Structures by Type......................................................
See comments for table 5.4.3B.
5.4.5A
5.6
Private Fixed Investment in Structures by Type............................................................................
See comments for table 5.4.3A.
5.4.5B
5.6
5.7
Private Fixed Investment in Structures by Type.............................................................................
See comments for table 5.4.3B.
Real Private Fixed Investment in Structures by Type, Chained Dollars...............................................
See comments for table 5.4.3A.
5.4.6A
See footnotes at the end of the table.
August 2003
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29
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Table 2. Revised NIPA Tables—Continued
Table number
Table title
New
5.4.6B
Comments1
Old
5.7
5.5.1
5.5.2
Real Private Fixed Investment in Structures by Type, Chained Dollars...............................................
See comments for table 5.4.3B.
Percent Change From Preceding Period in Real Private Fixed Investment in Equipment and Software by
TVpe................................................................................................................................
Contributions to Percent Change in Real Private Fixed Investment in Equipment and Software by Type.....
New table. Reflects table 5.5.6 detail.
New table. Reflects table 5.5.6 detail.
5.5.3
5.5.4
7.8
Real Private Fixed Investment in Equipment and Software by Type, Quantity Indexes............................
See comments for table 5.5.6.
7.8
Price Indexes for Private Fixed Investment in Equipment and Software by Type....................................
See comments for table 5.5.6.
5.5.5
5.8
Private Fixed Investment in Equipment and Software by Type..........................................................
See comments for table 5.5.6.
5.5.6
5.9
5.10A
Real Private Fixed Investment in Equipment and Software by Type, Chained Dollars............................
Reflects new detail, see text.
5.6.5A
Change in Private Inventories by Industry
5.6.5B* 5.1 OB*
5.6.6A 5.11A
Change in Private Inventories by Industry
5.6.6B* 5.11B*
Real Change in Private Inventories by Industry, Chained Dollars
5.7.5A
5.12A
5.7.5B* 5.12B*
5.7.6A
5.13A
5.7.6B* 5.13B*
5.7.9A
7.16A
Real Change in Private Inventories by Industry, Chained Dollars
Private Inventories and Domestic Final Sales of Business by Industry
Private Inventories and Domestic Final Sales by Industry
Real Private Inventories and Real Domestic Final Sales of Business by Industry, Chained Dollars
Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars
Implicit Price Deflators for Private Inventories by Industry
5.7.9B* 7.16B*
Implicit Price Deflators for Private Inventories by Industry
5.8.3A
7.13
Real Gross Government Fixed Investment by Type, Quantity Indexes................................................
Table presents annual estimates for 1929-97.
5.8.3B
7.13
Real Gross Government Fixed Investment by Type, Quantity Indexes................................................
Table presents annual estimates for 1997 and later. Structures detail reflects new
Census Bureau construction classification, see text.
5.8.4A
7.13
Price Indexes for Gross Government Fixed Investment by Type
5.8.4B
7.13
Price Indexes for Gross Government Fixed Investment by Type........................................................
5.8.5A
5.14
Gross Government Fixed Investment by Type..............................................................................
See comments for table 5.8.3A.
5.8.5B
5.14
Gross Government Fixed Investment by Type..............................................................................
See comments for table 5.8.3B.
5.8.6A
5.15
Real Gross Government Fixed Investment by Type, Chained Dollars.................................................
See comments for table 5.8.3A.
5.8.6B
5.15
Real Gross Government Fixed Investment by Type, Chained Dollars.................................................
See comments for table 5.8.3B.
5.9
5.16
Changes in Net Stock of Produced Assets (Fixed Assets and Inventories)
5.10
8.29
Capital Transfers (Net)
6.1 A
6.1A
National Income Without Capital Consumption Adjustment by Industry..............................................
Reflects new definition of national income.
6.1 B
6.1B
National Income Without Capital Consumption Adjustment by Industry..............................................
See comments for table 6.1A.
6.1C
6.1C*
National Income Without Capital Consumption Adjustment by Industry..............................................
See comments for table 6.1A.
National Income Without Capital Consumption Adjustment by Industry..............................................
New table. Reflects new definition of national income and NAICS-based industry
detail, see text.
See comments for table 5.8.3B.
6. Incom e and Employm ent by Industry
6.1 D*
6.2A
6.2A
Compensation of Employees by Industry
6.2B
6.2B
Compensation of Employees by Industry
6.2C
6.2C
6.2D
6.3A
6.3B
Compensation of Employees by Industry
Compensation of Employees by Industry.....................................................................................
6.3A
6.3B
Wage and Salary Accruals by Industry
Wage and Salary Accruals by Industry
6.3C
6.3D
6.3C
Wage and Salary Accruals by Industry
Wage and Salary Accruals by Industry.......................................................................................
6.4A
6.4A
Full-Time and Part-Time Employees by Industry
6.4B
6.4B
6.4C
6.4C
Full-Time and Part-Time Employees by Industry
Full-Time and Part-Time Employees by Industry
6.5A
6.5B
6.5A
Full-Time Equivalent Employees by Industry
6.5B
Full-Time Equivalent Employees by Industry
6.5C
6.5C
Full-Time Equivalent Employees by Industry
6.6A
6.6A
Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
6.6B
6.6B
Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
6.6C
6.6D
6.6C
6.7A
6.7A
Self-Employed Persons by Industry
6.7B
6.7B
Self-Employed Persons by Industry
6.7C
6.7C
6.4D
Full-Time and Part-Time Employees by Industry...........................................................................
6.5D
Full-Time Equivalent Employees by Industry................................................................................
6.8A
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
Self-Employed Persons by Industry
Self-Employed Persons by Industry...........................................................................................
6.8A
New table. Reflects NAICS-based industry detail, see text.
Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry........................................
6.7D
New table. Reflects NAICS-based industry detail, see text.
Persons Engaged in Production by Industry
6.8B
6.8B
Persons Engaged in Production by Industry
6.8C
6.8C
Persons Engaged in Production by Industry
See footnotes at the end of the table.
New table. Reflects NAICS-based industry detail, see text.
August 2003
National Income and Product Accounts
30
Table 2. Revised NIPA Tables—Continued
Table number
Table title
New
Comments1
Old
Persons Engaged in Production by Industry.................................................................................
6.8D
6.9B
6.9B
6.9C
6.9D
6.9C
6.1 OB
6.1 OB
6.10C
6.10D
6.1 OC
6.11A
6.11A
Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.11B
6.11B
Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.11C
6.11C
Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.12A
Nonfarm Proprietors’ Income by Industry
6.12B
6.12B
Nonfarm Proprietors’ Income by Industry
6.12C
6.12C
6.12A
Hours Worked by Full-Time and Part-Time Employees by Industry
Hours Worked by Full-Time and Part-Time Employees by Industry...................................................
Employer Contributions for Government Social Insurance by Industry
Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type..................
6.12D
6.13A
6.13B
6.13B
Noncorporate Capital Consumption Allowances by Industry
6.13C
6.13C
Noncorporate Capital Consumption Allowances by Industry
6.14A
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
6.14B
6.14B
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
6.14C
6.14C
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
Noncorporate Capital Consumption Allowances by Industry............................................................
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry........
6.14D
6.15A
6.15A
Net Interest by Industry
6.15B
6.15B
Net Interest by Industry
6.15C
6.15C
6.16A
6.16A
6.16B
6.16B
Corporate Profits by Industry
6.16C
6.16C*
Corporate Profits by Industry
6.16D*
Corporate Profits by Industry...................................................................................................
6.17A
Corporate Profits Before Tax by Industry
6.17B
6.17B
Corporate Profits Before Tax by Industry
6.17C
6.17C
Corporate Profits Before Tax by Industry
6.18A
6.18B
Corporate Profits Before Tax by Industry.....................................................................................
Taxes on Corporate Income by Industry
Taxes on Corporate Income by Industry
6.18B
6.18C
6.19A
6.19A
Corporate Profits After Tax by Industry
6.19B
6.19C
6.19B
6.19C
Corporate Profits After Tax by Industry
Corporate Profits After Tax by Industry
6.19D
6.20A
6.20B
6.20A
6.20B
Corporate Profits After Tax by Industry.......................................................................................
Net Corporate Dividend Payments by Industry
Net Corporate Dividend Payments by Industry
6.20C
6.20C
Net Corporate Dividend Payments by Industry
6.21A
Taxes on Corporate Income by Industry......................................................................................
Net Corporate Dividend Payments by Industry..............................................................................
6.21A
Undistributed Corporate Profits by Industry
6.21B
6.21 B
Undistributed Corporate Profits by Industry
6.21C
6.21 C
Undistributed Corporate Profits by Industry
Undistributed Corporate Profits by Industry.................................................................................
6.21 D
6.22A
Corporate Capital Consumption Allowances by Industry
6.22B
6.22B
Corporate Capital Consumption Allowances by Industry
6.22C
6.22C
Corporate Capital Consumption Allowances by Industry
6.22A
Corporate Capital Consumption Allowances by Industry.................................................................
6.22D
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
Taxes on Corporate Income by Industry
6.18C
6.18D
6.20D
New table. Reflects NAICS-based industry detail, see text.
Corporate Profits by Industry
6.17A
6.17D
6.18A
New table. Reflects NAICS-based industry detail, see text.
Net Interest by Industry
Net Interest by Industry...........................................................................................................
6.15D
New table. Reflects NAICS-based industry detail, see text.
Noncorporate Capital Consumption Allowances by Industry
6.13A
6.14A
New table. Reflects NAICS-based industry detail, see text.
Nonfarm Proprietors' Income by Industry
Nonfarm Proprietors’ Income by Industry....................................................................................
6.13D
New table. Reflects NAICS-based industry detail, see text.
Employer Contributions for Government Social Insurance by Industry
Employer Contributions for Government Social Insurance by Industry................................................
6.11D
New table. Reflects NAICS-based industry detail, see text.
Hours Worked by Full-Time and Part-Time Employees by Industry
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
New table. Reflects NAICS-based industry detail, see text.
7. Supplem ental Tables
7.1*
8.7*
Selected Per Capita Product and Income Series in Current and Chained Dollars
7.2.1A
Percent Change from Preceding Period in Real Auto Output...........................................................
New table. Reflects table 7.2.3A detail.
7.2.1B*
Percent Change from Preceding Period in Real Motor Vehicle Output................................................
New table. Reflects table 7.2.3B detail.
7.2.3A
7.18A
7.2.3B* 7.18B*
Real Auto Output, Quantity Indexes
Real Motor Vehicle Output, Quantity Indexes...............................................................................
See footnotes at the end of the table.
Includes additional detail on used light trucks (including utility vehicles).
August 2003
S urvey
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u rrent
31
B u s in e s s
Table 2. Revised NIPA Tables—Continued
Table number
Comments1
Table title
New
Old
7.2.4A
Price Indexes for Auto Output..................................................................................................
New table. Reflects table 7.2.3A detail.
7.2.4B*
Price Indexes for Motor Vehicle Output.......................................................................................
New table. Reflects table 7.2.3B detail.
7.2.5A
8.8A
Auto Output
7.2.5B*
CO
GO
GO
Motor Vehicle Output.............................................................................................................
See comments for table 7.2.3B.
7.2.6B* 8.9B*
Real Motor Vehicle Output, Chained Dollars................................................................................
See comments for table 7.2.3B.
7.3.5
8.10
Farm Sector Output, Gross Value Added, and Net Value Added.......................................................
Reflects the redefinition of national income, the reclassification of farm housing,
the new treatment of farm inventories, and renaming gross product as gross
value added, see text.
7.3.6
8.11
Real Farm Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars............
See comments for table 7.3.5.
7.4.5
8.12
Housing Sector Output, Gross Value Added, and Net Value Added...................................................
Reflects the redefinition of national income, the reclassification of owner-occupied
housing, and renaming gross product as gross value added, see text.
See comments for table 7.4.5.
7.4.6
8.13
Real Housing Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars........
7.5
8.14
Consumption of Fixed Capital by Legal Form of Organization and Type of Income...............................
Reflects reclassification of owner-occupied housing and nonprofit institutions.
7.6
8.15
Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment.......................
See comments for table 7.5.
7.7
8.16
8.17
Current Business Transfer Payments by Type...............................................................................
Reflects the redefinition of business current transfer payments.
Supplements to Wages and Salaries by Type...............................................................................
Reflects redesigned summary accounts and reclassification of miscellaneous
compensation.
8.18
8.19
Rental Income of Persons by Legal Form of Organization and by Type of Income................................
Reflects reclassification of owner-occupied housing.
7.10
7.11
8.20
Interest Paid and Received by Sector and Legal Form of Organization..............................................
Reflects new treatment of banking and insurance services, see text.
7.12
8.21
Imputations in the National Income and Product Accounts..............................................................
Redesigned, see text.
7.13
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)
7.14
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)
7.15
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)
7.16
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)..............................
7.17
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)
7.18
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)......................................................
7.19
8.28
Comparison of Personal Income in the National Income and Product Accounts (NIPA’s) with Adjusted Gross
Income as Published by the Internal Revenue Service (IRS).........................................................
Reflects redesigned summary accounts.
Comparison of Receipts and Outlays of Nonprofit Institutions Serving Households with Receipts and
Expenses as Published by the Internal Revenue Service (IRS)......................................................
New table. Reflects the separation of nonprofit institutions and households, see
text.
7.8
7.9
7.20
Dividends Paid and Received by Sector
Reflects redesigned summary accounts.
Reflects reclassification of miscellaneous compensation.
8. Seasonally Unadjusted Estimates
8.1
9.1
9.2
Gross Domestic Product, Not Seasonally Adjusted
8.2
8.3
8.4
9.3
9.4
Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted..............................
State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted...................
Reflects new definitions of government current receipts and expenditures.
See comments for table 8.3.
8.5
9.5
Foreign Transactions in the National Income and Product Accounts, Not Seasonally Adjusted.................
Reflects redesigned summary accounts.
8.6
9.6
Corporate Profits with Inventory Valuation Adjustment, Not Seasonally Adjusted
2.8
3.9
Personal Income by Type of Income..........................................................................................
Government Consumption Expenditures Gross and Net of Sales by Type...........................................
4.2*
Real Exports and Imports of Goods and Services and Receipts and Payments of Income......................
7.1*
Quantity and Price Indexes for Gross Domestic Product.................................................................
Quantity and price indexes now included in table 1.1.3 and in table 1.1.4,
respectively. Current-dollar indexes discontinued.
7.2*
Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases...........................
Quantity and price indexes included in table groups 1.2,1.4, and 1.6. Currentdollar indexes discontinued.
7.9*
Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services and for Receipts
and Payments of Income......................................................................................................
Quantity and price indexes now included in tables 4.2.3 and in table 4.2.4,
respectively.
8.1*
Percent Change from Preceding Period in Selected Series.............................................................
Percent change in quantity and price indexes now included in table 1.1.1 and in
1.1.7, respectively. Percent change in current dollars and in implicit price
deflators discontinued.
Personal Consumption Expenditures by Major Type of Product, Not Seasonally Adjusted
Discontinued Tables
* Indicates tables that are included in the “Selected NIFft Tables,” published monthly in the S u r v e y
of
C u rrent
B u s in e s s .
1. For most tables, only major changes are identified.
Except for tables 1.1.6A, 1.1.6 B , 1.1.6C, and 1.1.6D, the reference year for the quantity indexes, price
indexes, and chained dollars will be updated from 1996 to 2000, and the line in the table header that identifies the
units used to present the estimates will be changed from “index numbers, 1996=100” to “index numbers,
2000=100,” or from “chained (1996) dollars” to “chained (2000) dollars.”
N o te.
Estimates now included in tables 2.6,2.7A, and 2.7B.
Sales estimates now included in table 3.10.5. Estimates of sales by type no longer
available, see text.
Receipts and payments of income estimates now included in table group 1.6.
Exports and imports of durable goods and nondurable goods now included in
addenda to table group 4.2.
For more information on the series that have been redefined to reflect changes in definitions or classifications,
see Brent R. Moulton and Eugene R Seskin, “A Preview of the 2003 Comprehensive Revision of the National
Income and Product Accounts: Changes in Definitions and Classifications," S u r v ey 83 (June 2003): 17-34.
GDP Gross domestic product
NAICS North American Industry Classification System
NIPA National income and product accounts
PCE Personal consumption expenditures
SIC Standard Industrial Classification
32
August 2003
Information Technology and Productivity
The Case of the Financial Sector
By Lawrence R. Klein, Cynthia Saltzman, and Vijaya G. Duggal
E conom ists agree th a t technology, a n d p a rticu la rly
in form ation technology, is im p o r ta n t in raising p r o
d u c tiv ity g ro w th in the U.S. econom y. M ea su rin g the
m a g n itu d e a n d e x te n t o f the im p a c t o f in fo rm a tio n
technology on the U.S. econom y a n d on specific in d u s
tries con tin u es to be an area o f considerable in terest
a n d research.
N o b el lau reate L aw rence K lein, professor em eritu s
o f econom ics a t the U n iversity o f P en nsylvania, a n d
C yn th ia S a ltzm a n a n d V ijaya D uggal, both professors
a t W iden er U n iversity in P en nsylvania, ex a m in e d the
role o f in fo rm a tio n technology on increasing p ro d u c-
HE role of information technology in increasing
the overall productivity of the U.S. economy is now
being widely recognized. Within the economics profes
sion, there is an ongoing discussion as to whether or
not information technology has increased the longrun speed limit of the economy or is simply a shortrun phenomenon. In other words, do recent economic
conditions support the notion o f a n ew economy in
which the improvement in productivity is secular
rather than cyclical?
At the forefront of this discussion is the need to
quantify the impacts of the underlying causes and to
assess the effect on the changing structure o f the new
economy. However, the magnitude of the impact of in
formation technology (IT) at both the aggregate and
industry level, as well as the nature of the impact in
terms o f its effect on the returns to scale coefficient, are
questions that have yet to be convincingly answered in
quantitative terms. Although the contribution of IT is
widespread and covers all industries, it is clear that it
contributes more in some sectors than in others. We
have already done an empirical analysis of such a con
tribution in the automobile and the transportation
sectors.1This study measured the impact of using IT in
the manufacture of a physical product. We would now
like to study the impact of IT on the production of a
service.
T
tiv ity in the fin a n ce sector, u sing d a ta fro m the bench
m a rk a n d a n n u a l in p u t-o u tp u t accounts p ro d u ced by
the B ureau o f E conom ic A n a lysis (BEA). Professor
K lein p resen ted the results o f this stu d y as an honored
g u est lecturer a t BEA on M arch 24, 2003. H is p re sen
ta tio n w a s p a r t o f a cerem on y recogn izin g the w o rk o f
BEA sta ff in p ro d u cin g th e 1 9 9 7 b en ch m ark in p u to u tp u t accounts.
This article is based on the m a te ria l p resen ted b y
Professor Klein. The view s expressed in this article are
those o f the au thors a n d do n o t necessarily reflect those
o f eith er BEA or the U.S. D e p a r tm e n t o f Com m erce.
It is evident that finance is an outstanding sector
that should provide interesting insight. IT is especially
relevant in the financial industry in that it was one of
the first sectors to use computer services on a large
scale— taking off by about 1980 in using electronic
transfer, ATM machines, automatic accounting sys
tems and other automated “back office” services to
keep abreast o f global markets and provide almost in
stantaneous services to customers. Yet, industry studies
to date have not been able to measure any meaningful
productivity impacts from IT in the finance sector.
The Bureau of Economic Analysis (BEA) has pre
pared both benchmark and annual input-output (I-O)
tables that are extremely important for analyzing the
in tern a l workings of the economy. Study of time series
aggregates overlooks the strategic importance of some
in term ed ia te deliveries, in particular, the delivery of
computer and data processing services to the finance
sector. In terms of the ongoing debates and analyses of
the contribution of IT to economic performance, this
is often referenced as “business-to-business” (“B-toB” ) activity. The economic significance o f such activity
1. Lawrence Klein, Vijaya Duggal, and Cynthia Saltzman, “Contribution
o f Input-Output Analysis to the Understanding o f Technological Change:
The Information Sector in the United States” in Wassily Leontiefand InputOutput Economics, ed. Erik Dietzenbacher and Michael L. Lahr (C am
bridge: Cambridge University Press, forthcoming).
August 2003
S urvey
of
C
u rrent
is capable of being studied by virtue of the dynamics of
1-0 analysis, revealed in the time sequence of tables
over the span of three decades.2 BEA has supplied us
with seven tables with identical classification of 90 sec
tors. These tables treat own-account software expendi
tures as intermediate flows within the 1-0 framework.
As such, these expenditures are not treated as an en
hancement of human capital, so deliveries to final in
vestment demand are lower for that reason, but such
outlays are consistently treated in all seven tables.
This unusual set of tabulations enables us to trace
intermediate deliveries from the early beginnings of
computer information activity to the present. It is en
couraging to learn that the dynamic sequence o f tables
has been extended to 1999, for which a new annual ta
ble is now available.3 In chart 1, we plot the dollar val
ues for deliveries of computer and data processing
services (no. 73A in the table) to the finance sector. For
those who think that IT is something that began only
in the second half of the 1990s, we recommend that
they look at the impressive ascent o f the curve for the
finance sector, starting in the early 1980s.
We want to measure directly the impact of the infor
mation services input (software) in the form of the Bto-B service activity that has surged in the past decade,
as depicted in chart 1. In addition, we need to measure
separately the impact of the extensive and intensive use
of information equipment (hardware). We propose to
include IT hardware and software as separate factor in
puts within the framework of a generalized KLEM pro
duction function. The function becomes KLEMI in
this study. The structural specification of the produc2. We are indebted to Mark Planting o f BEA for the preparation o f the
dynamic sequence on a consistent classification basis.
3. The research for the present paper was done when the table for 1998
was the latest available.
Chart 1. Deliveries of Computer and Data Processing
Services to the Finance Sector
Billion $
B u s in e s s
33
tion function will include strategic nonlinearities to al
low for an S-shaped4 curve when graphing total output
with respect to the factor inputs. Such a specification
produces a variable returns-to-scale coefficient whose
value is dependent on the capital/labor ratio. Hence,
we place no restrictions on the returns to scale, but in
fact, we expect to find evidence of increasing returns to
scale.
To test the model empirically and quantify such ef
fects, we will use time series data for IT capital (hard
ware), other capital, and labor. Time series data do not
exist for intermediate inputs and more specifically for
direct deliveries from the information sector. Values
for these variables will be extracted from the seven 1-0
tables provided by BEA. By investigating the internal
workings of IT through the eyes of the 1-0 accounts,
we have two data points each for the decades of the
1970s and the 1980s, together with three data points
for the 1990s, as intermediate flows from the relevant
sectors to the financial sector. These points have been
interpolated to get pseudo annual figures. Similar time
series can be constructed to “gross up” the output of
the financial sector— “grossed up” by aggregating the
real cost of the intermediate inputs to (real) value
added— to obtain an appropriately corresponding
gross measure of output.5 We can then proceed with
the empirical estimation of the expanded production
function.
The financial sector is chosen for this technological
analysis for several other reasons in addition to the fact
that it was a large-scale user o f IT at an early stage of
the introduction of the new technologies. This sector
presents interesting challenges for the economist and
plays a key role in the economy. The specification of its
inputs and outputs is easy enough to measure in nom
inal terms at current values, as entered in the 1-0 ta
bles, but how should we define real output and real
input for this sector? We have used price indexes of ser
vice flows, both to customers and to employees, that
reflect wage costs and software prices. We have also de
flated fixed capital services by an output deflator.
During the period of investigation, the sector un
derwent extremely large consolidation not only among
banking units alone, among brokerage units, or among
insurance units but also between different kinds of
units to form large financial conglomerates that pro
vide many kinds of financial services on demand.
Mergers and acquisitions have been widespread, as the
restrictions o f the Glass-Stegall Act, which was created
4. We first introduced an S-shaped production function in Duggal, Saltzman, and Klein, “Infrastructure and Productivity: A Nonlinear Approach,”
Journal of Econometrics 92 (September 1999): 47-74.
5. To accompany gross input, we want to use gross output to preserve the
adding-up principle. In the present context, when estimating the technical
production function, gross output, rather than value added, is the preferred
dependent variable.
34
Information Technology and Productivity
to avoid the speculative excesses that led to the Great
Depression o f the 1930s, were removed one by one.
In 1980, there were 14,434 commercial banks in the
United States, but by 1998 (the end of our sample
span), there were only 8,794. A few very large banks
dominate the sector and also control insurance com
panies and investment houses. At the same time, many
thrift institutions were absorbed, and there was much
rent seeking by the merged conglomerates. These are
reasons why we are interested in estimating returns to
scale under present structural conditions.
Model
The standard KLEM production function is linear in
the parameter coefficients when estimated in its natu
ral log functional form:
(1) I n X = c x\v lK + c2lnL + c3ln£' + c4ln M + c 5t
where X represents real output, K is the real stock of
capital, L is labor hours, E is the energy input, M is
all other intermediate inputs, and t is the time trend to
proxy disembodied technological change with c 5t rep
resenting the value of the technological index. Within
this standard framework, the inclusion of IT services
and the separation of IT hardware from the capital
stock input would lead to the following structural
equation:
(2) I n X = c ^ n K O + c 2\n I T H + c 3\n I T S + c4\n L
+ c^n.E + c6\n M + c 7t
where I T H is the IT capital stock (hardware), K O is
all other capital, and I T S is the IT service input (soft
ware).
There are, however, several constraints inherent to
this functional form that render it inadequate to mea
sure the productivity impacts from IT in the finance
sector. In particular, the specification of equation (2)
precludes the possibility o f a range of increasing mar
ginal productivity for the factor inputs: It confines the
returns-to-scale coefficient to a constant value; it im
poses a constant growth rate for technological change;
and it ignores the possibility of IT’s acting as an endog
enous technological change component, as well as po
tential interactive effects. Our objective is to expand
the KLEM production function in a manner that elim
inates these constraints. To develop such a function, we
look to the particular characteristics of the finance sec
tor in its use of IT.
As previously noted, the finance industry was one of
the first sectors to use computer services on a large
scale. Accordingly, we felt it was important to focus on
computers and therefore divided the IT capital stock
( I T H ) into the stock of computers ( c o m ) and all
other IT capital stock ( o i t h ) . Thus, the total real capi
August 2003
tal stock K is equal to K O + c o m + o ith . We hypoth
esized that the innovations in computer technology
that led to continual increases in computer capacity
should have generated a significant productivity im
pact with regard to the finance industry.
To try and capture this effect, we utilized Moore’s
Law,6 which states that computer capacity doubles ev
ery 18 months to create an index for computer capac
ity. A mathematical feature of an index that doubles
every 18 months is that the change, on an annual basis,
as a ratio to the current-period index is a constant 37
percent. We then developed a functional form for the
technological index whereby the increase in computer
capacity over time could generate a productivity im
pact that initially increased at an increasing rate, that at
some point, begins to increase at a decreasing rate, and
that eventually reaches a plateau. Moreover, since in
creases in computer capacity pertain to the newest
computers, larger increases in the computer stock
should be associated with a longer time period for the
function to increase at an increasing rate. Finally, the
size of the total computer stock should impact the
magnitude of the increasing range of the function. The
following functional form for the technological index
accommodates these hypothesized relationships:
\ cn
(3) lriA = -exp
1.37*
vc o m y
\ c12
A c o rn 2
where A represents the technological index.7
We then turned our attention to capturing the pro
ductivity impact of the increasing use of software in
the delivery of automated “back office” services. Again,
we wanted to develop a functional form that would al
low for the possibility of a range of values over which
the function could increase at an increasing rate. Addi
tionally, we felt that software technology enhances the
marginal productivity of labor, and consequently,
there should be an interaction effect between the two.
Finally, the overall magnitude of the productivity im
pact of software over time? should be affected by the
size o f the IT capital stock relative to the labor input
utilized. To incorporate all of the characteristics dis
cussed, the following specification is hypothesized for
6. G.E. Moore, “Cramm ing More Components into Integrated Circuits,
Electronics 38, no. 8 (April 19, 1965). G.E. Moore, “A Pioneer Looks Back at
Semiconductors,” IEEE Design & Test of Computers 16, no. 2 (March 1999).
7. Standard growth accounting literature generally designates A as the
technological shift factor to the production function. It is a measure of
technological change, and as such, it is often used for the purpose o f calcu
lating multifactor or total factor productivity. The most common assum p
tion is that A grows exponentially over time at a constant rate: A = ec t .
When taking the natural logarithm, this would enter the production func
tion structural equation as c t, with c as the estimated coefficient for the
growth rate o f technology over time. This is the underlying assumption in
equations (1) and (2).
August 2003
S urvey
of
C
urrent
the technological index:
(4) ln^4 = exp f c o m ■o ith L i
IT H
f
- exp
com
1.37
( M y + c 10
{.i t s )
, Y l2
A c o rn 2
v
The incorporation of equation (4) into the KLEM
framework leads to the KLEMI structural specification
for the production function:
(5 )ln X = c^nK + c2lnZ, + c3lnE + c4\nM
+ exp
- exp
Y c o m ■o ith ■L ■i \ c& ( L Y
IT H
11J
co m J
\
it s j
+ c 10
1.37 y 12
vA co rn 2)
Data
The data for this research are generated by the inten
sive use of the seven 1-0 tables provided to us on a
consistent basis by BEA.8We focused on the finance in
dustry (70A), which does not include insurance and
real estate. In addition, we have used estimates of non
residentiai fixed assets by industry and by type that are
available at the BEA Web site.
Gross output (X ) . The seven 1-0 figures for energy,
for software (73A, including other high tech), for in
termediate flows other than energy and software, and
for value added in nominal dollars were linearly inter
polated to generate pseudo annual data for the series.
We then imposed the accounting identity: Gross out
put is the sum of intermediate inputs and value added,
in nominal terms. The annual energy flows were con
verted to 1996 dollars by deflating them by the pro
ducer price index for energy. The software flows were
converted to 1996 dollars by the price index for custom
software. The intermediate flows, excluding energy
and software, were deflated by the producer price in
dex for intermediate inputs other than energy to gen
8. We would have liked to use annual 1-0 tables in our analysis for the
entire period from 1972 to date, but annual tables are only now becoming
available. To stay within the framework o f 1-0 tables for the whole period
o f our analysis, we deemed it best to interpolate (linearly) between table
readings for missing values o f the variables that we use in our production
functions. In this way, we achieve annual mutual consistency among the
variables, even though some aggregate observations are separately available,
apart from 1-0 tabulations, each year over the range o f our sample. They
are in the BEA listing o f time-series estimates o f gross output, intermediate
inputs, and value added for individual industries. The definitions o f indus
try classification used by BEA change in the middle o f our sample span,
causing a need for some judgment and approximation in building industry
aggregates o f gross production, value added and intermediate inputs for
years between published 1-0 tables. The conservative solution o f using uni
form linear interpolation between tables seemed preferable because it pre
serves m utual consistency. Also, the special treatment o f own-account
software, which is im portant for our investigation, was not available for the
published aggregates in the years between tables.
35
B u s in e s s
erate the 1996 dollar series. The novel approach is in
our using the interest-rate spread (ratio form) between
the cost of loanable fimds and the base return on assets
as the deflator for value added. An index, with 1996 as
100, was made of the ratio of the prime rate to the fed
eral funds rate to use as a proxy measure for the profit
margin.9 This index was used to convert the nominal
finance value-added series to the corresponding 1996
value-added figures. The 1996 dollar gross output for
the finance sector was computed as the aggregate of the
1996 dollar series for energy, software, other interme
diate flows, and value added.
Intermediate flows excluding software (M E ) . The
intermediate flows excluding software were the sum of
energy and intermediate flows excluding energy.
Information technology service flows (IT S ). This
series was the sum of 1-0 flows from computer and
data processing services (73A); computer and office
equipment; audio, video, and communication equip
ment; and communication except radio and TV indus
tries. The series was converted to 1996 dollars by
deflating it by the price index for custom software.
Computer and data processing services flow is the
dominant component. The ratio of this component to
gross output is presented in table 1, together with
those for all intermediate inputs and value added.
Labor (L). Labor is expressed in billions of hours
on an annual basis. It is the product of the Bureau of
Labor Statistics data on employment for the finance
sector and average weekly hours of production workers
for finance, insurance, and real estate.
Capital stock ( K ) . The capital stock for the sector
was aggregated from the 1996 dollar BEA estimates of
nonresidentiai fixed assets: Detailed industry by de
tailed type. Excluded from K is the B-to-B software
consisting of prepackaged software, custom software,
and own-account software. These are now considered
part of investment in capital stock in national income
analysis).
IT hardware (IT H ) . I T H is part of the total capi9. A price index for the finance sector is available from BEA; however, it
includes insurance and real estate, and therefore we did not feel it was an
appropriate deflator. Additionally, given the research by Gullickson and
Harper (1999 and 2002) on bias in banking industry productivity trends,
we felt that our index, representing the gross margin price in banking, con
ceptually captures the change in net revenues that the producer price index
is meant to measure. See the BLS Handbook of Methods, chapter 14.
Table 1. Input-Output Coefficient, Current-Dollar Ratio, Percent
1972
1977
1982
1987
1992
1997
1998
Computer and data
processing services
including own-account
4.36 3.06 3.96 4.44
software: 73A ................ 2.74 3.95 4.61
Total intermediate inputs.. 38.06 35.65 43.53 49.55 39.90 43.87 46.01
Value added..................... 61.94 64.35 56.47 50.45 60.10 56.13 53.99
36
Information Technology and Productivity
tal stock K and includes the following categories of
stock:
Mainframe computers
Personal computers
Direct access storage devices
Computer printers
Computer terminals
Computer tape drives
Computer storage devices
Other office equipment
Communication equipment
Instruments
Photocopy and related equipment
Telecommunications
All other capital ( K O ) . K O = K - I T H
Computers (co m ) . The stock of computers is part
of the information technology hardware capital stock
I T H and in the finance sector includes the following:
Mainframe computers
Personal computers
Direct access storage devices
Computer printers
Computer terminals
Computer tape drives
Computer storage devices
Integrated systems
All other IT hardware ( oith ). o ith = I T H - c o m
Estimation
Because of the comparatively low energy use in the fi
nance sector, for estimation purposes, the energy input
was combined with all other intermediate inputs and
defined as the variable M E . The initial estimation of
equation (5) did not produce statistically significant
estimates of the parameter coefficients in the first ex
ponential term— c8, c 9, and c 10. Upon further con
sideration, two changes were made. First, all IT
variables were lagged one period to reflect a learning
effect in the use o f both IT hardware and software. Sec
ond, because labor represents a flow variable, changes
in the IT hardware variables were used instead o f the
stock values. The estimation results are presented be
low (t-statistics are in parentheses):10
(6) In X =
+ exp
-27 • In K + .51 • InL + .23 • InAf
(4.7)
(4.1)
(3.5)
^Acom_i • A o ith - i • L • t
AIT H .-l
.01
32
L
■ITS-
(2.4)
- exp
com
v
y
1.37*
Ac o m 2
(40.6)
'
4-
August 2003
The estimated coefficients from the exponent em
ployed to capture Moore’s Law were used to graph the
interactive effect between time and computers. This is
presented in chart 2. One can clearly identify the Sshaped path o f the interaction o f computers with dis
embodied technological change that is proxied by the
time variable.
Chart 2. Moore’s Law—The Interaction Between Time
Unfortunately, the complexity of the estimated
equation makes it extremely difficult to calculate the
factor productivity impacts of the inputs. This was
particularly true of the exponent representing Moore’s
Law. We therefore estimated the equation without this
exponent. The results are presented in equation (7):
(7) \n X =
.31 • ln£_i + .58 • InZ + .21 • In M E
(5.1)
(4.5)
(
(3.0)
.009
+exp A c o m _ i ■A o ith _ i ■L • t
AIT H _ X
.35
+ .38
IT S .
( 1.8 )
(7.9)(2.oy
The estimation results of equation (7) are quite sim
ilar to those of equation (6), although equation (6)
does have a somewhat lower standard error o f the re
gression and higher t-statistics for the IT variables.
However, the marginal productivity estimates of the IT
service flows are almost identical for each estimated
equation.
.51
Marginal productivity of IT services
t
(8.7) ( 3 .1 )J
Using equation (7), chart 3 traces out the marginal
10.
For comparison purposes, equation (2) was also estimated, with
mediocre results: There was no statistically significant difference in the
coefficient estimates on K O and I T H , the time trend was not significant,
and the Durbin-Watson statistic was very low.
August 2003
S urvey
of
C
u rrent
change is averaged over four 5-year intervals that are
bounded by the benchmark 1-0 tables. The calculation
for the most recent sample period is made for 1997-98.
The IT services flow is the single most important con
tributor to growth over all the subperiods examined
and reaches as much as half the overall growth in out
put.
To estimate returns to scale , we increased all inputs
by 10 percent over the most recent period and com
puted the resulting increase in output over two periods
to be 16.86 percent.
Chart 3. Marginal Product of Information Technology
Services (ITS) in 1987 and 1997________________
Change in gross output, billions of 1996 dollars
45
40
35
30
25
20
15
Conclusions
10
5
0 0
6
12
18
24
30
36
ITS: B-to-B input in billions of 1996 dollars
42
productivity of the information service flow, holding
all other variables constant at their 1987 and 1997 val
ues respectively. The actual values of IT services in
1987 and 1997 were $17.6 billion and $37.7 billion in
1996 dollars. It should be noted that at recent levels of
economic conditions, the marginal impact of IT ser
vices flow on gross output is large when used sparingly,
and the impact declines asymptotically with greater
use. Also, the more developed the economy, the larger
is the marginal impact of IT service flow on gross out
put for a given use.
Factor productivity
The factor productivity implications of the estimated
equation are presented in table 2. The table shows the
percent change in output contributed by the various
components over the period 1977-98. The percent
Table 2. Factor Productivity Implied by the Estimated Equation
1997-98 1992-97 1987-92 1982-87 1977-82
Average percentage change
in output..............................
Contribution from
L ..........................................
ITS .....................................
ITH ....................................
KO......................................
M E .....................................
Percentage of growth
accounted for by IT S .........
N ote.
37
B u s in e s s
14.7
14.4
3.1
20.6
17.2
.66
7.23
.94
.51
1.42
3.77
.10
.20
7.44
1.07
.48
2.02
2.45
.33
-.08
1.13
-.43
.68
1.50
.23
.13
.94
8.10
1.64
1.85
3.23
4.67
.82
.70
8.70
.69
.89
2.80
3.10
.41
49.2
51.7
36.5
39.3
50.6
Columns may not add up because of rounding.
A special incentive to undertake a study of the fin a n ce
sector on the basis o f three decades of its role in the
1-0 configuration of the U.S. economy was the longev
ity of its increasing use of computer and data process
ing services. This long record of use indicated that it
has been a trend phenomenon. Our studies confirm
this characteristic through 1998, and we remain confi
dent that we shall continue to observe this result as
BEA extends the historical record. We already have a
1999 annual table and look forward to studying future
tables in this respect.
Over the most recent period in our sample, we find
evidence of increasing returns to scale and also of the
large contribution to overall productivity in finance
that comes from the economic process of delivering
output from computer and data processing services to
the finance sector.
R eferences
Duggal, V.G., C. Saltzman, and L.R. Klein. 1999. “In
frastructure and Productivity: A Nonlinear Approach.”
Journal o f E conom etrics 92 (September): 47-74.
Gullickson, W., and M.J. Harper. 1999. “Possible
Measurement Bias in Aggregate Productivity Growth.”
M o n th ly L abor R e view 122 (February): 47-67.
Gullickson W., and M.J. Harper. 2002. “Bias in Ag
gregate Productivity Trends Revisited.” M o n th ly L a b o r
R e view 125 (March): 32-40.
Moore, G.E. 1965. “Cramming More Components
into Integrated Circuits.” Electronics 38, no. 8 (April
19).
Moore, G.E. 1999. “A Pioneer Looks Back at Semi
conductors.” IEEE D esign & Test o f C o m p u ters 16, no. 2
(April-June): 8-14.
U.S. Bureau of Labor Statistics. 2003. BLS H an dbook
o f M ethods, http://stats.bls.gov/opub/hom/
homchl4_b.htm (updated May 23rd).
38
August 2003
U.S. Affiliates of Foreign Companies
O perations in 2001
By William J. Zeile
P
RELIMINARY results from BEA’s latest annual
survey of foreign direct investment in the United
States (FDIUS) indicate that the current-dollar gross
product of U.S. nonbank affiliates o f foreign compa
nies fell 6 percent in 2001, the first decrease on record.
The decrease, from $517 billion in 2000 to $487 billion
in 2001, marked the end of a period o f rapid annual inTable 1. Gross Product of Nonbank U.S. Affiliates
of Foreign Companies, 1977-2001
Millions of dollars
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...........................
1999...........................
2 0 0 0 '.........................
2001 " .........................
Percent change from
preceding year:
1989...........................
1990............................
1991...........................
1992...........................
1993...........................
1994...........................
1995...........................
1996............................
1997...........................
1998............................
1999............................
2 0 0 0 r .........................
2001 " ..........................
Majorityowned
nonbank
affiliates
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
419,828
457,707
516,664
486,553
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
353,860
397,295
447,287
428,109
17.4
7.1
7.7
3.4
7.3
9.5
3.1
11.0
8.8
7.8
9.0
12.9
-5.8
15.1
13.0
8.7
3.7
3.8
9.7
4.2
11.2
10.7
12.8
12.3
12.6
-4.3
Percentage of U.S.
private-industry gross
domestic product
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
5.7
5.9
5.8
6.1
6.2
6.3
6.5
6.9
6.4
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
5.6
6.0
5.6
Addendum:
Gross product of
majority-owned
nonbank affiliates
asa 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
84.3
86.8
86.6
88.0
p Preliminary.
"Revised,
n.a. Not available.
N o t e : For improved comparability with U.S.-affiliate gross product, U.S. private-industry gross domestic
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. For the latest esti
mates of U.S. private-industry gross domestic product, see Robert E. Yuskavage and Erich H. Strassner,
“Gross Domestic Product by Industry for 2002,” S u r v e y o f C u r r e n t B u s in e s s 83 (May 2003): 7-14.
creases that were associated with a surge in foreign ac
quisitions of U.S. companies. Reversing a 5-year
uptrend, the affiliate share of U.S. gross domestic
product (GDP) in private industries dropped from a
record 6.9 percent in 2000 to 6.4 percent (table 1 and
chart l) .1 For affiliates that were majority-owned by
foreign direct investors, the share decreased from 6.0
percent to 5.6 percent.
In 2000, the gross product o f affiliates had increased
13 percent. This increase largely reflected additions to
the affiliate universe through record spending by for
eign direct investors to acquire or establish U.S. com
panies. In 2001, foreign investment spending in the
United States dropped by more than half, reflecting a
slowdown in the U.S. economy and a sharp decrease in
1. The estimates o f gross product o f U.S. affiliates are conceptually consis
tent with those o f total U.S. GDP, or gross product originating, by industry
(see the box “Key Terms” ). For gross product and for the other data items
on affiliate operations, the estimates cover the operations o f each affiliate
irrespective o f the percentage o f foreign ownership. All o f the estimates are
on a fiscal year basis; an individual affiliate’s fiscal year 2001 is its financial
reporting year that ended in calender year 2001.
The estimates o f gross product and the other data items for affiliate oper
ations for 2001 are preliminary. The estimates for 2000 are revised; for most
o f the key data items, the revisions to the totals ranged from -0 .4 percent to
1.5 percent.
Chart 1. Nonbank U.S.-Affiliate Share of GDP in
August 2003
S urvey
of
C
urrent
merger and acquisition activity worldwide.2
In combination with the falloff in new foreign in
vestment, the decrease in affiliate gross product in
2001 can be attributed to both foreign selloffs of U.S.
affiliates and reductions in ongoing affiliate produc
tion associated with a slowdown in the U.S. economy.
Foreign selloffs were particularly salient in the infor
mation sector, where the gross product of affiliates de
creased more than 50 percent. Reductions in ongoing
operations were most pronounced for affiliates in fi
nance and insurance and in manufacturing. In manu
facturing (a sector that accounts for almost half of
affiliate gross product), the reduction mirrored a drop
B u s in e s s
39
in manufacturing production for the U.S. economy as
a whole.3
Foreign selloffs and reduced affiliate production in
2001 also contributed to a 2-percent decrease in affili
ate employment— the first decrease since 1992. As a re
sult, the affiliate share of U.S. private-industry
employment decreased from 5.7 percent to 5.6 per
cent.4 Because some of the largest selloffs were of mi
nority-owned affiliates, employment by affiliates that
are majority-owned by foreign parent companies—
and thus are unambiguously under their control—
continued to edge up in 2001; the share o f U.S. private-
3. For the U.S. economy as a whole, the current-dollar value o f gross
product in manufacturing decreased 6 percent in 2001; however, m anufac
2. According to data from BEA’s survey of new foreign investments, out turing accounted for less than a fifth o f total private-industry gross product.
lays by foreign direct investors to acquire or establish businesses in the
See table 1 in Robert J. McCahill and Brian C. Moyer, “Gross Domestic
United States fell from a record $335.6 billion in 2000 to $147.1 billion in
Product by Industry for 1999-2001,” Survey 82 (November 2002): 32.
2001 (these oudays continued to decline in 2002, to $52.6 billion, which
4. Because U.S. affiliates tend to be concentrated in less labor-intensive
was the lowest level since 1994); see Thomas W. Anderson, “Foreign Direct
sectors o f the economy (such as manufacturing), their share o f U.S.
Investment in the United States: New Investment in 2002,” Survey o f Cur
employment has consistently been lower than their share o f U.S. gross
rent Business 83 (June 2003): 55-62.
product.
Key Terms
The following key terms are used to describe U.S. affili
ates 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 incorpo
rated 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 that resides 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, pro
ceeding 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 for
eign parent, the UBO of an affiliate may be located in the
United States. The UBO of each U.S. affiliate is identified
to ascertain the person that ultimately owns or controls
the U.S. affiliate and that therefore ultimately derives the
benefits from ownership or control.
Foreign parent group. Consists of (1) the foreign par
ent, (2) any foreign person, proceeding up the foreign
parent’s ownership chain, that owns more than 50 per
cent of the person below it, up to and including the UBO,
and (3) any foreign person, proceeding down the owner
ship 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 domes
tic product, which is the market value of 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 gross
product estimates 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.
The estimates of gross product of U.S. affiliates are
conceptually consistent with BEA’s estimates of U.S. GDP
by industry; both sets of estimates are measured as the
sum of the costs incurred (except for intermediate
inputs) and the profits earned in production. However,
there are a few minor differences in measurement that
are small relative to total affiliate gross product and thus
have a negligible effect on the affiliate shares of privateindustry GDP in table 1.
40
U.S. Affiliates of Foreign Companies
industry employment accounted for by m ajor
ity-owned affiliates held steady at 5.0 percent.5
Reflecting a slowdown in economic growth both in
the United States and in major trading-partner coun
tries, affiliate exports and imports of goods both de-
August 2003
creased in 2001, following increases in 2000. The
decreases for affiliates, however, were considerably
smaller than the decreases in total U.S. exports and im
ports of goods, so the affiliate shares of exports and
im ports both increased. The affiliate share of exports
increased from 21.1 percent to 22.4 percent, and the af
filiate share of imports increased from 30.6 percent to
32.4 percent.6
5. Because o f the presumption o f foreign control, majority ownership is
viewed by many as the preferred basis for selecting firms for the analysis of
the role o f foreign multinational enterprises in host-country production,
employment, and trade. For an extensive discussion o f the concepts o f for
eign ownership and control, see Robert E. Lipsey, “ Foreign Direct Invest
6. Affiliates’ shares o f exports and imports have consistently been much
ment and the Operations o f Multinational Firms: Concepts, History, and
larger than their shares o f GDP and employment because o f the high trade
Data,” in Handbook o f International Trade, ed. Kwan Choi and James Harriorientation o f affiliates in manufacturing and wholesale trade.
gan (Oxford, United Kingdom: Basil Blackwell, 2003).
Data on Foreign Direct Investment in the United States
BEA collects three broad sets o f data on foreign direct
investment in the United States (FDIUS): (1) Financial
and operating data o f U.S. affiliates, (2) data on U.S.
businesses newly acquired or established by foreign
direct investors (new investment data), and (3) interna
tional transactions (balance o f payments) and direct
investment position data. This article presents the finan
cial and operating data. The new investment data were
published in “Foreign Direct Investment in the United
States: New Investment in 2002” in the June 2003 issue of
the S urvey o f C urrent B usiness. The international trans
actions and direct investment position data were pub
lished in the articles “The International Investment
Position o f the United States at Yearend 2002,” “U.S.
International Transactions, First Quarter 2003,” and
“Direct Investment Positions for 2002: Country and
Industry Detail,” in the July 2003 Survey.
Each of the three data sets focuses on a distinct aspect
of FDIUS. The financial and operating data provide a
picture of the overall activities of the U.S. affiliates; the
new investment data provide information about US.
businesses that are newly acquired or established by for
eign direct investors, regardless of whether the invested
funds were raised in the United States or abroad; and the
international transactions and direct investment position
data cover foreign investors’ transactions with, and posi
tions in, both new and existing U.S. affiliates.1
Financial and operating data of U.S. affiliates. The
data on the overall operations of U.S. affiliates are col
lected in BEA’s annual and benchmark surveys of FDIUS.
1. For a more detailed discussion o f the differences between these
three sets o f data, see Alicia M. Quijano, “A Guide to BEA Statistics on
Foreign Direct Investment in the United States,” S urvey 70 (February
1990): 29-37. This guide is available on BEA’s Web site at
< www.bea.gov/bea/ail.htm>.
For a comparison o f the data on affiliate operations with the data on
new investment, see the appendix “Sources o f Data” in Mahnaz FahimNader and William J. Zeile, “ Foreign Direct Investment in the United
States: New Investment in 1994 and Affiliate Operations in 1993,”
S urvey 75 (May 1995): 68-70.
(Benchmark surveys, which are BEA’s most comprehen
sive surveys of foreign direct investment in terms of both
coverage of companies and subject matter, are conducted
once every 5 years.) The data cover U.S. affiliates’ balance
sheets and income statements, employment and com
pensation of employees, trade in goods, research and
development expenditures, sources of finance, and
selected data by state. In addition, the gross product of
affiliates is estimated from data reported in these surveys.
Except in benchmark survey years, these data, unlike
the new investment data, cover only nonbank affiliates.
The financial and operating data for affiliates are on a fis
cal year basis. The data cover the entire operations of the
U.S. affiliate irrespective of the percentage of foreign
ownership.
New investment data. The data on outlays by foreign
direct investors to acquire or establish affiliates in the
United States are collected on a calendar year basis in
BEA’s survey of new FDIUS. In addition, the new invest
ment survey collects selected data on the operations of
the newly acquired or established affiliates. For newly
acquired affiliates, these data are for (or as of the end of)
the most recent fiscal year preceding the acquisition, and
for newly established businesses, they are projected for
(or as of the end of) the first year of operation. The data
cover the entire operations of the business irrespective of
the percentage of foreign ownership.
International transactions and direct investment
position data. These data are collected in the quarterly
survey of FDIUS. The data cover the U.S. affiliate’s trans
actions 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 opera
tions. 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.
August 2003
S urvey
of
C
urrent
The following are additional highlights of the oper
ations of U.S. affiliates in 2001.
• By country of ownership, the United Kingdom
remained the largest investing country in terms of
affiliate gross product, followed by Japan and Ger
many As a result of selloffs in 2001, the ranking for
France slipped from fourth to fifth, behind the
Netherlands.
• By industry, the affiliate share of U.S. employment
in the information sector dropped from 10 percent
to 7 percent, largely as a result of selloffs. Within the
manufacturing sector, the affiliate share decreased
substantially in computer and electronic products
and in electrical equipment, appliances, and com
ponents.
• By state, the affiliate share of private-industry
employment was highest in Hawaii, followed by
South Carolina and Connecticut. In most states,
affiliate employment in manufacturing decreased in
2001; the largest reductions were in North Carolina
and Pennsylvania.
• Exports of goods by German-owned affiliates
decreased substantially in 2001, largely reflecting
reduced exports by affiliates in the motor vehicle
and machinery industries. In contrast, exports by
Swiss-owned affiliates increased substantially,
reflecting increased exports by affiliates in the phar
maceuticals industry.
• Imports of goods increased for wholesale trade affil
iates but decreased for manufacturing affiliates.
Within manufacturing, imports decreased sharply
for affiliates in the computer and electronic product
industry, particularly for Canadian-owned affiliates.
This article examines changes in the gross product,
Chart 2. Investing-Country Shares of the Gross
Product of All Nonbank U.S. Affiliates, 2001
Percent
U .S. Bureau of Economic Analysis
41
B u s in e s s
employment, and trade in goods of U.S. affiliates in
2001, particularly as they relate to changes in the corre
sponding totals for the U.S. economy. For each of these
measures, changes in affiliate operations are examined
both in the aggregate and by major investing country.
For gross product, the changes are also examined by
industry of affiliate, and for employment, the affiliate
shares of the economy are examined by industry and
by state. Several additional measures of U.S.-affiliate
operations are presented in tables at the end of this ar
ticle.
G ross Product
In 2001, the gross product (or value added) of non
bank U.S. affiliates in current dollars decreased 6 per
cent, marking the first decrease since at least 1977, the
initial year for which annual data on affiliate opera
tions are available. The decrease, from $517 billion to
$487 billion, followed a 13-percent increase in affiliate
gross product in 2000. In comparison, total U.S. GDP
in private nonbank industries increased 2 percent in
2001, following an increase of 6 percent in 2000.7 The
share o f U.S. GDP in private industries accounted for
by U.S. affiliates dropped from a record 6.9 percent in
2000 to 6.4 percent in 2001, reversing a 5-year uptrend.
The gross product of U.S. affiliates that are majority-owned by foreign direct investors decreased 4 per
cent; their share of U.S. GDP in private industries
decreased from 6.0 percent to 5.6 percent. The major
ity-owned affiliates’ share of the gross product of all
U.S. affiliates increased from 87 percent to 88 percent.
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
three-fourths of the gross product of all nonbank affil
iates since at least 1977. In 2001, as throughout 19772000, the largest investing country in terms of affiliate
gross product was the United Kingdom; the share of
affiliate gross product accounted for by British-owned
affiliates was 20.6 percent (table 2 and chart 2). Japa
nese-owned affiliates accounted for the second-largest
share of affiliate gross product (14.7 percent), and Geran-owned affiliates accounted for the third-largest
7. The rate o f change in U.S. private-industry GDP serves as a convenient
benchmark against which the increase in U.S.-affiliate gross product can be
evaluated. However, the two growth rates are not stricdy comparable,
because the growth rate o f U.S. affiliate gross product pardy reflects trans
fers in ownership that do not represent increased production for the whole
economy. Similarly, changes in U.S.-affiliate employment, exports, and
imports partly reflect changes in ownership and so are not stricdy com pa
rable with the corresponding changes for the whole economy.
42
August 2003
U.S. Affiliates of Foreign Companies
share (10.3 percent).8 Japan also ranked as the secondlargest investing country in terms of affiliate gross
product in 2000 and in each of the years 1991-97. In
1998 and 1999, Germany ranked as the second-largest
investing country.
For each of the seven major investing countries, the
gross product of affiliates decreased in 2001. In dollar
terms, the decreases were particularly large for affili
ates with UBO’s in France, the United Kingdom, and
Canada. The gross product of French-owned affiliates
decreased $15 billion, or 28 percent, mainly as a result
of selloffs. Because these selloffs were largely of m inor-
Acknowledgments
The 2001 annual survey of foreign direct investment
in the United States was conducted under the supervi
sion of Joseph F. Cherry III, with contributions by
Chester C. Braham, Erica Carson-Brown, Hien X.
Dang, Constance T. Deve, Charles R. Gravitz, Lonnie
Hunter, Kristina Kaminski, Edna A. Ludden, Betty K.
Maddy, Isabel L. McConnell, Demetria A. McCor
mick, Gregory L. McCormick, Sidney A. Moskowitz,
loseph N. Poist III, Clarence D. Smith, Marie P. Smith,
John R. Starnes, and Christopher J. Stein.
Computer programming for data estimation and
the generation of data tables was provided by Diane
Young and Neeta Kapoor.
8. For majority-owned affiliates, the top three rankings were the same as
those for all nonbank affiliates.
Table 2. Gross Product of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 1997-2001
Percentage of all-countries total
Millions of dollars
1997
1997
1998
1999
2000
2001
All nonbank affiliates:
All countries..............................................................................................
389,432
419,828
457,707
516,664
486,553
100.0
100.0
100.0
100.0
100.0
-5.8
Canada................................................................................................................
34,732
39,853
42,673
41,196
34,648
8.9
9.5
9.3
8.0
7.1
-15.9
Europe.................................................................................................................
France............................................................................................................
G erm any........................................................................................................
Netherlands...................................................................................................
S weden..........................................................................................................
Switzerland.....................................................................................................
United Kingdom.............................................................................................
O ther...............................................................................................................
248,970
36,182
46,330
34,740
8,504
26,331
78,289
18,595
268,466
37,443
66,852
29,165
8,811
28,207
75,310
22,678
298,861
44,779
70,614
35,651
10,680
31,620
83,309
22,208
344,720
55,413
55,257
47,728
11,052
41,951
108,337
24,983
308,241
39,975
50,180
44,685
10,494
36,080
100,338
26,489
63.9
9.3
11.9
8.9
2.2
6.8
20.1
4.8
63.9
8.9
15.9
6.9
2.1
6.7
17.9
5.4
65.3
9.8
15.4
7.8
2.3
6.9
18.2
4.9
66.7
10.7
10.7
9.2
2.1
8.1
21.0
4.8
63.4
8.2
10.3
9.2
2.2
7.4
20.6
5.4
-10.6
-27.9
-9.2
-6.4
-5.0
-14.0
-7.4
6.0
Latin America and Other Western Hemisphere............................................
Bermuda.........................................................................................................
Mexico............................................................................................................
Venezuela.......................................................................................................
O ther...............................................................................................................
Africa...................................................................................................................
13,682
3,239
1,418
5,258
3,767
2,870
17,346
5,809
1,644
5,275
4,618
2,912
20,426
8,604
1,739
4,985
5,098
1,249
26,213
11,799
2,937
6,111
5,365
1,090
33,724
14,079
6,303
6,445
6,897
1,126
3.5
0.8
0.4
1.4
1.0
0.7
4.1
1.4
0.4
1.3
1.1
0.7
4.5
1.9
0.4
1.1
1.1
0.3
5.1
2.3
0.6
1.2
1.0
0.2
6.9
2.9
1.3
1.3
1.4
0.2
28.7
19.3
114.6
5.5
28.5
3.3
Middle E a s t........................................................................................................
Saudi Arabia..................................................................................................
O ther...............................................................................................................
7,481
4,189
3,292
4,628
2,319
2,309
2,946
1,186
1,760
3,116
911
2,205
8,819
6,782
2,037
1.9
1.1
0.8
1.1
0.6
0.5
0.6
0.3
0.4
0.6
0.2
0.4
1.8
1.4
0.4
183.0
644.8
-7.7
Asia and Pacific..................................................................................................
Australia.........................................................................................................
Japan .............................................................................................................
O ther...............................................................................................................
74,541
5,488
63,017
6,036
79,039
6,835
65,034
7,170
81,469
8,726
65,127
7,616
88,863
7,513
73,289
8,061
87,368
8,251
71,663
7,454
19.1
1.4
16.2
1.5
18.8
1.6
15.5
1.7
17.8
1.9
14.2
1.7
17.2
1.5
14.2
1.6
18.0
1.7
14.7
1.5
-1.7
9.8
-2.2
-7.5
United States......................................................................................................
Majority-owned nonbank affiliates:
All countries..............................................................................................
7,156
7,585
10,082
11,465
12,627
1.8
1.8
2.2
2.2
2.6
10.1
313,655
353,860
397,295
447,287
428,109
100.0
100.0
100.0
100.0
100.0
-4.3
Canada................................................................................................................
29,779
34,174
36,400
36,928
30,843
9.5
9.7
9.2
8.3
7.2
-16.5
Europe.................................................................................................................
France............................................................................................................
Germ any........................................................................................................
Netherlands....................................................................................................
Sweden..........................................................................................................
Switzerland.....................................................................................................
United Kingdom.............................................................................................
O ther...............................................................................................................
199,458
24,356
36,914
27,797
6,443
22,268
66,112
15,570
228,775
25,268
57,975
26,094
8,680
22,798
70,602
17,358
261,473
31,790
61,569
31,482
10,559
25,996
80,391
19,685
299,251
38,763
51,524
43,745
10,678
35,225
98,282
21,034
275,753
37,376
46,985
40,309
10,133
30,374
87,941
22,635
63.6
7.8
11.8
8.9
64.7
7.1
16.4
7.4
65.8
8.0
15.5
7.9
66.9
8.7
11.5
9.8
64.4
8.7
11.0
9.4
7.1
21.1
5.0
6.4
20.0
4.9
6.5
20.2
5.0
7.9
22.0
4.7
7.1
20.5
5.3
-7.9
-3.6
-8.8
-7.9
-5.1
-13.8
-10.5
7.6
Latin America and Other Western Hemisphere............................................
Bermuda.........................................................................................................
Mexico............................................................................................................
Venezuela.......................................................................................................
O ther...............................................................................................................
12,126
3,166
1,229
15,732
19,120
8,566
1,447
25,036
11,697
2,746
29,631
14,008
3,270
3.9
1.0
0.3
4.4
4.8
2.2
0.3
5.6
2.6
0.6
6.9
3.3
0.8
18.4
19.8
19.1
(D)
(D)
(D)
(D)
(D)
(D)
(D)
1,051
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
1,211
(D)
(D)
(D)
(D)
(D)
Africa...................................................................................................................
(D)
(D)
(D)
0.3
0.2
(D)
(D)
(D)
(D)
(D)
(D)
Middle E a s t........................................................................................................
Saudi Arabia..................................................................................................
O ther...............................................................................................................
2,619
600
2,019
2,460
346
2,114
2,131
500
1,631
2,402
328
2,074
8,298
6,270
2,028
0.8
0.2
0.6
0.7
0.1
0.6
0.5
0.1
0.4
0.5
0.1
0.5
1.9
1.5
0.5
245.4
1812.2
-2.2
Asia and Pacific..................................................................................................
Australia.........................................................................................................
Japan .............................................................................................................
O ther...............................................................................................................
65,069
4,668
55,280
9,789
68,005
5,642
56,291
11,714
71,836
7,216
57,622
14,214
77,594
6,109
63,622
7,863
76,499
7,171
62,983
6,345
20.7
1.5
17.6
3.1
19.2
1.6
15.9
3.3
18.1
1.8
14.5
3.6
17.3
1.4
14.2
1.8
17.9
1.7
14.7
1.5
-1.4
17.4
-1.0
-19.3
United States......................................................................................................
(D)
(D)
5,124
5,024
(D)
(D)
(D)
1.3
1.1
(D)
(D)
D Suppressed to avoid disclosure of data of individual companies.
(D)
1,488
1998
(D)
0.4
1999
2000
2001
Addendum:
Percent
change
in affiliate
gross
product,
2000-2001
August 2003
Survey
of
C
urrent
B u s in e s s
43
ity-owned affiliates and because there were new French
investments in majority-owned affiliates, the reduction
in gross product for French majority-owned affiliates
was much more modest ($1 billion). For Britishowned affiliates, gross product decreased $8 billion
($10 billion for majority-owned affiliates), due to a
combination of selloffs and reductions in value added
for ongoing affiliate operations. In sharp contrast to
previous years, there was little new direct investment
activity by British companies to counter the effect of
selloffs.9 For Canadian-owned affiliates, gross product
decreased $7 billion, or 16 percent, primarily as a result
of cutbacks in affiliate operations associated with a se
vere dow nturn in the market for products in the com
puter and electronics industry. Affiliates with UBO’s in
Switzerland and Germany also experienced sizable re
ductions in gross product, partly reflecting depressed
market conditions in the finance and insurance indus
try.
In contrast to the decreases for affiliates of the larg
est investing countries, the gross product of affiliates
with UBO’s in Bermuda increased $2 billion, or 19
percent. This increase was more than accounted for by
inversions in ownership for m ultinational companies
that previously had been headquartered in the United
States or had been units of U.S.-headquartered compa
nies. (A corporate inversion occurs when a U.S. m ulti
national corporation forms a corporation, typically in
a foreign low- or no-tax country, and simultaneously
“inverts” the corporate chain of ownership, so that the
new foreign corporation becomes the parent company
and the U.S.-based company becomes its affiliate.) The
$2 billion increase in gross product for Berm uda-owned affiliates in 2001 followed increases of $3
billion in each of the years 1998-2000. As a result of
these increases, Bermuda’s ranking among investing
countries in terms of affiliate gross product jum ped
from 14th in 1997 to 8th in 2000 and 2001.
Among other investing countries, the gross product
of affiliates with UBO’s in Saudi Arabia increased six
fold, owing to changes in the country of owner of ex
isting affiliates. The gross product of affiliates with
UBO’s in Mexico more than doubled, largely as a result
of Mexican acquisitions of minority-ownership shares
in U.S. retail-trade companies; the increase in the gross
product of affiliates that were majority-owned by Mex
ican direct investors was relatively modest.
9. Outlays by British direct investors to acquire or establish businesses in
the United States decreased 85 percent, from $110 billion in 2000 to $17 bil
lion in 2001. See table 4 in Anderson, “New Investment in 2002,” 57.
In 2001, as in previous years, affiliates classified in
manufacturing accounted for nearly half of the gross
By industry of affiliate
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 North American
Industry Classification System (NAICS) 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.1 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 disag
gregated on the basis of industry of affiliate.2
1. The data for all U.S. businesses used to compute the affiliate shares
o f employment by NAICS industry are from the Census Bureau (see
table 5, footnote 1).
2. Establishment-level data from a joint project o f BEA and the
Bureau o f the Census can be used to calculate affiliate shares at an even
greater level o f detail. Affiliate shares based on establishment data for
six-digit manufacturing and five-digit nonmanufacturing NAICS
industries for 1997 are shown in Foreign Direct Investment in the United
States: Establishment Data for 1997 (Washington, DC: U .S . Government
Printing Office, March 2003) and on BEA’s Web site at <www.bea.gov>.
Similar data on a Standard Industrial Classification basis are available
for both manufacturing and nonmanufacturing industries for 1987 and
1992 and for manufacturing industries only for 1988-91. The data for
foreign-owned manufacturing establishments are analyzed in a number
o f S u r v e y articles that can be accessed at BEA’s Web site at
< www.bea.doc.gov/bea/ail.htm>.
In the classification by industry of sales, the data on
affiliate employment (and sales) are distributed among
all of the industries in which the affiliate reports sales. As
a result, employment classified by industry of sales
should approximate that classified by industry of estab
lishment (or plant), because an affiliate that has an estab
lishment in an industry usually also has sales in that
industry.3
In contrast, in the classification by industry of affili
ate, all of the operations data (including the employment
data) for an affiliate are assigned to that affiliate's “pri
mary” industry—that is, the industry in which it has the
most sales.4 As a result, any affiliate operations that take
place in secondary industries will be classified as opera
tions in the primary industry.
3. However, this is not the case if one establishment o f an affiliate pro
vides all o f its output to another establishment of that affiliate. For
example, if an affiliate operates both a metal mine and a metal-manu
facturing plant and if the entire output of the mine is used by the man
ufacturing plant, all of the affiliate’s sales would be in metal
manufacturing, and none, in metal mining. Thus, when the mining
employment is distributed by industry o f sales, all o f it would be classi
fied in manufacturing even though the industry o f the establishment is
mining.
4. An affiliate’s primary industry is based on a breakdown o f the affil
iate's sales by BEA International Surveys Industry classification code.
44
U.S. Affiliates of Foreign Companies
product of all nonbank affiliates (table 3). Affiliates in
wholesale trade, which includes a num ber of large af
filiates with substantial secondary operations in m anu
facturing, accounted for the next largest share of
affiliate gross product.
In 2001, the gross product of affiliates in m anufac
turing decreased 4 percent, compared with the 6-per
cent decrease in the gross product for all nonbank
affiliates. M anufacturing’s share of total affiliate gross
product was unchanged at 46 percent. W ithin m anu
facturing, affiliate gross product in computers and
electronic products fell 24 percent. The decrease re
flected both reductions in affiliate production (partic
ularly for affiliates in the communications equipment
industry) and shifts in the industry classification of af
filiates that had sales in multiple industries.10 Affiliate
gross product in electrical equipment, appliances, and
components fell 23 percent. The decrease was partly
due to reductions in production and partly due to sell-
August 2003
offs. In contrast, the gross product of affiliates in the
machinery industry increased 15 percent, largely re
flecting changes in ownership for existing U.S. com pa
nies (including ownership changes related to corporate
inversions).
Among other sectors, the gross product of affiliates
in the information sector decreased by more than half,
mainly as a result of foreign selloffs in the telecommu
nications industry. Affiliate gross product in finance
and insurance fell by a fourth, reflecting major reduc
tions in earnings from ongoing operations (particu
larly in investment and brokerage services). In
contrast, the gross product of affiliates in professional,
scientific, and technical services increased by
10. Each U.S. affiliate is classified in the industry that accounts for the
largest portion o f its sales. Many U.S. affiliates are involved in a variety of
business activities; changes in the mix o f these activities will cause an affili
ate’s industry classification to change when the changes are expected to be
sustained.
Table 3. Gross Product of Nonbank U.S. Affiliates by Industry of Affiliate, 1997-2001
Millions of dollars
1997
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.......................................................................................................
Majority-owned 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.......................................................................................................
D Suppressed to avoid disclosure of data of individual companies.
1998
1999
389,432 419,828 457,707
190,635 224,850 238,590
11,092
11,048
10,465
23,476
24,819 26,199
41,199
42,576 41,853
7,772
10,159
9,170
12,005
11,852
13,429
7,770
8,526
10,075
8,275
6,989
7,523
14,277
14,241
13,856
18,177
19,862 24,298
9,534
9,958
10,515
14,694
37,147 44,030
22,029
27,075 28,108
57,842
49,375
51,781
24,960
26,990 28,346
27,838
23,147 28,129
27,820
23,780 26,068
8,987
11,813
9,765
6,347
7,961
7,364
53,469
51,555 59,556
Percentage of all-industries total
2000
2001
1997
1998
1999
2000
2001
Addendum:
Percent
change in
affiliate
gross product,
2000-2001
516,664 486,553
235,620 225,483
11,362
11,136
14,387
14,870
44,987 44,412
10,011
10,655
15,605
15,643
10,023
9,869
7,873
7,145
18,480 21,325
28,394 21,566
12,777
16,501
32,994 32,166
25,230 23,692
85,016 85,241
24,269 30,131
39,094
18,372
44,005
33,264
10,895
11,255
9,224
15,178
68,542 67,628
100.0
49.0
2.8
6.0
10.6
2.0
3.1
2.2
2.1
3.6
4.7
2.4
3.8
5.7
12.7
6.4
7.1
7.1
2.3
1.6
13.7
100.0
53.6
2.6
5.9
10.1
2.2
2.8
2.4
1.7
3.4
4.7
2.4
8.8
6.4
12.3
6.4
5.5
5.7
2.3
1.9
12.3
100.0
52.1
2.3
5.7
9.1
2.2
2.9
1.7
1.6
3.1
5.3
2.3
9.6
6.1
12.6
6.2
6.1
5.7
2.6
1.6
13.0
100.0
45.6
2.2
2.8
8.7
1.9
3.0
1.9
1.5
3.6
5.5
3.2
6.4
4.9
16.5
4.7
7.6
8.5
2.1
1.8
13.3
100.0
46.3
2.3
3.1
9.1
2.2
3.2
2.0
1.5
4.4
4.4
2.6
6.6
4.9
17.5
6.2
3.8
6.8
2.3
3.1
13.9
-5.8
-4.3
2.0
3.4
-1.3
6.4
0.2
-1.5
-9.2
15.4
-24.0
-22.6
-2.5
-6.1
0.3
24.2
-53.0
-24.4
3.3
64.5
-1.3
353,860 397,295 447,287 428,109
201,116 219,141 215,684 204,508
9,947
10,710
10,762
10,095
(D) 21,637
(D)
(D)
(D)
38,050 39,022
37,698
41,016 40,640
8,727
7,136
8,506
9,326
9,639
11,472
14,952
15,130
11,265
12,805
6,541
6,214
8,504
5,155
8,299
6,333
6,561
7,279
6,663
6,506
12,778
13,342
13,803
18,382 21,275
18,455
17,425
17,826 23,095 26,936
9,020
16,359
12,689
(D) 10,011
30,358 29,685
12,970 34,982 41,227
100.0
54.0
3.2
100.0
56.8
2.8
6.1
11.0
2.4
3.2
1.8
1.8
3.8
5.0
100.0
55.2
100.0
47.8
2.5
-4.3
-5.2
2.5
100.0
48.2
2.4
(D)
(D)
(D)
(D)
9.5
2.3
3.2
1.6
1.7
3.5
5.8
2.5
10.4
9.2
2.0
3.3
1.9
1.6
4.1
6.0
3.7
6.8
9.5
2.3
3.5
2.0
1.6
5.0
4.3
3.0
6.9
-0.9
10.4
1.2
2.5
-8.5
15.7
-31.5
-22.4
-2.2
313,655
169,279
9,929
(D)
12.1
2.3
3.7
1.6
2.1
4.1
5.6
2.9
4.1
(D)
9.9
0.5
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
44,489
15,901
11,483
23,550
7,027
5,619
36,307
47,877
17,990
13,767
19,808
7,604
6,743
38,955
55,536
19,938
18,841
21,029
9,302
7,526
45,983
81,413
22,308
19,427
34,730
9,323
8,553
55,848
81,839
25,311
8,444
24,139
9,652
14,500
59,716
14.2
5.1
3.7
7.5
2.2
1.8
11.6
13.5
5.1
3.9
5.6
2.1
1.9
11.0
14.0
5.0
4.7
5.3
2.3
1.9
11.6
18.2
5.0
4.3
7.8
2.1
1.9
12.5
19.1
5.9
2.0
5.6
2.3
3.4
13.9
0.5
13.5
-56.5
-30.5
3.5
69.5
6.9
August 2003
Survey
of
two-thirds, largely as a result of new direct investment
associated with corporate inversions.11 In retail trade,
the gross product of affiliates increased by a fourth,
mainly due to new foreign investments.
Table 4. Employment of Nonbank U.S. Affiliates of Foreign
Companies, 1977-2001
By industry
In 2001, as in earlier years, the affiliate share of U.S.
employment at the sector level was highest in mining
(16.5 percent), followed by manufacturing (13.7 per
cent); these two sectors also had the highest shares for
majority-owned affiliates (table 5).12 Among manufac
turing industries, the affiliate share was highest in
chemicals (32.0 percent), followed by nonmetallic
mineral products (24.6 percent), beverages and to
bacco products (20.9 percent), and transportation
equipment (20.8 percent). For majority-owned affili
ates, the share was also highest in chemicals and non
metallic mineral products; however, the share in
beverages and tobacco products was exceeded by the
shares in transportation equipm ent and in electrical
equipment, appliances, and components.
In manufacturing, employment by affiliates de11. It should be noted that while the U.S. affiliate in an inverted corporate
structure is owned by a foreign parent company, that company, in turn,
generally is largely or wholly owned by U.S. persons— namely, the U.S. affil
iate’s former stockholders. (In an inversion, a U.S. corporation’s stockhold
ers typically exchange their stock in the corporation for stock in a newly
created foreign corporation, which then becomes the owner o f the U.S. cor
poration. Often, ownership o f any foreign affiliates o f the U.S. corporation
would also be transferred to the new foreign corporation, largely to shelter
the earnings o f the affiliates from U.S. taxes.)
12. The estimates of shares are based on employment data by industry of
sales; this basis approximates the establishment-based disaggregation o f 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.”
Percentage of U.S.
private-industry
employment
Thousands of
employees
Em ploym ent
In 2001, employment by U.S. affiliates of foreign com
panies decreased 2 percent, from 6.5 million employ
ees to 6.4 million employees, following an increase of 8
percent in 2000 (table 4). The decrease, the first since
1992, was the result of both foreign selloffs and cut
backs in affiliate operations. Some of the largest selloffs
in terms of affiliate employment were of m inority-owned affiliates. Employment by majority-owned
affiliates edged up in 2001, to 5.7 million employees,
reflecting additions to employment from new foreign
investment. The increases in affiliate employment
from new investments were very modest in compari
son with those in 1998-2000, which had been marked
by record levels of foreign direct investment.
Reversing a 3-year uptrend, the affiliate share of U.S.
private-industry employment dipped from a record
5.7 percent in 2000 to 5.6 percent in 2001. For m ajor
ity-owned affiliates, the share held steady at 5.0 per
cent.
45
C u r r e n t B u s in e s s
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..........................
1999..........................
2000' ........................
2001 p.......................
Percent change from
preceding year:
1988...........................
1989...........................
1990...........................
1991..........................
1992..........................
1993..........................
1994..........................
1995..........................
1996..........................
1997..........................
1998..........................
1999..........................
2000f........................
2001 p .......................
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
5,646.1
6,027.6
6,524.6
6,371.9
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
4,669.5
5,064.3
5,656.5
5,671.5
19.2
17.4
4.9
2.9
-3.2
1.1
1.6
2.1
3.3
1.9
8.5
6.8
8.2
-2.3
19.8
14.6
7.5
3.9
-2.2
-1.3
2.7
1.7
3.3
2.7
9.4
8.5
11.7
0.3
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
5.4
5.7
5.6
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
4.5
5.0
5.0
Addendum:
Employment
of majorityowned
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
82.7
84.0
86.7
89.0
f Preliminary.
' Revised,
n.a. Not available.
N otes. For improved comparability with U.S.-affiiiate employment, US. 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 employ
ment 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.
creased 6 percent in 2001, a sharper reduction than the
3-percent decrease in m anufacturing employment for
all U.S. businesses. As a result, the affiliate share of em
ployment in manufacturing decreased from 14.1 per
cent in 2000 to 13.7 percent in 2001, reversing an
uptrend of several years.13 About three-fourths of the
reduction in affiliate employment in manufacturing
was accounted for by reductions in three industries:
Computers and electronic products; electrical equip
ment, appliances, and components; and transportation
13. Data are available for industries defined according to the North Amer
ican Industry Classification System (NAICS) beginning in 1997. On a
NAICS basis, the affiliate share o f employment in manufacturing had
increased every year since 1997, from 12.4 percent in 1997 to 14.1 percent
in 2000, before decreasing in 2001. (For years prior to 1997, the definition
of manufacturing used to classify data by industry is based on the Standard
Industrial Classification rather than NAICS, so the shares for those years
are not comparable with the shares for 1997 forward.)
46
August 2003
U.S. Affiliates of Foreign Companies
equipment. In computers and electronic products, em
ployment by affiliates fell almost 20 percent, reflecting
large-scale layoffs by affiliates with product lines in
communications equipm ent and electronic compo
nents. As a result, the affiliate share of employment in
computers and electronic products dropped from 20.2
percent in 2000 to 16.1 percent in 2001. In electrical
equipment, affiliate employment decreased 16 percent,
Table 5. Employment by Nonbank U.S. Affiliates by Industry of Sales, 1999-2001
Percentage of total U.S. employment in nonbank private industries1
Thousands of employees
All nonbank affiliates
All industries2............................................................
Agriculture, forestry, fishing, and hunting...............................
Mining, excluding oil and gas extraction.................................
Utilities.....................................................................................
Construction...........................................................................
Manufacturing3......................................................................
Food....................................................................................
Beverages and tobacco products.......................................
Textile mills.........................................................................
Textile product mills............................................................
Apparel................................................................................
Leather and allied products................................................
Wood products...................................................................
Paper...................................................................................
Printing and related support activities................................
Petroleum and coal products4
Chemicals...........................
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.............................................
Wholesale trade.....................................................................
Retail trade.............................................................................
Transportation and warehousing............................................
Information..............................................................................
Publishing industries..........................................................
Motion picture and sound recording industries.................
Broadcasting and telecommunications..............................
Information services and data processing services..........
Finance (except depository institutions) and insurance........
Finance, except depository institutions..............................
Insurance carriers and related activities.............................
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 services..............................................................
Health care and social assistance5.......................................
Arts, entertainment, and recreation5.....................................
Accommodation and food services........................................
Other services (except public administration
and private households)5...................................................
Auxiliaries, except management of companies
and enterprises..................................................................
Majority-owned nonbank affiliates
1999
2000
Majority-owned nonbank affiliates
1999
2000
2001
1999
2000
2001
6,027.6
27.4
58.5
11.4
78.6
2,269.4
127.6
30.1
25.0
15.6
30.0
1.8
15.6
80.9
51.0
35.5
294.5
141.6
119.7
97.9
107.6
211.4
280.6
131.9
379.6
336.7
42.9
15.5
76.2
6,524.6
17.5
60.2
29.2
80.2
6,371.9
5,064.3
13.7
52.5
6.9
67.5
5,656.5
5,671.5
5.4
5.7
16.8
65.8
23.7
93.4
12.7
54.4
24.8
69.6
12.3
61.6
19.6
83.5
n.a.
15.9
1.7
1.3
n.a.
16.1
4.5
1.2
5.6
n.a.
16.5
3.6
1.4
4.5
n.a.
14.3
1.0
1.1
5.0
n.a.
14.6
3.8
1.1
5.0
n.a.
15.5
3.0
1.3
2,340.2
149.6
33.3
22.2
10.2
25.7
1.6
21.0
76.0
58.7
31.0
281.1
150.2
129.6
94.2
114.1
211.7
314.0
122.2
395.4
343.2
52.2
15.3
83.3
2,198.3
140.6
35.6
18.0
7.9
18.6
1.4
21.1
77.7
59.1
29.3
278.0
151.3
129.1
91.2
121.4
196.1
256.3
102.5
363.9
311.6
52.3
15.0
84.3
2,059.6
122.1
J
22.3
10.4
22.6
1.4
11.4
K
48.3
29.2
269.7
126.1
115.6
83.1
99.8
199.3
262.0
126.0
352.5
315.1
37.4
15.3
72.8
2,139.1
137.8
J
18.4
6.8
19.4
1.2
19.7
K
L
25.2
261.2
132.9
125.6
85.2
108.7
204.4
286.9
118.2
369.0
322.8
46.1
15.1
80.7
2,008.5
126.7
K
16.4
6.1
13.6
1.1
19.7
K
55.6
23.5
257.7
136.8
125.5
82.2
116.2
189.6
228.7
99.6
340.4
293.0
47.5
14.8
81.1
13.5
8.7
17.5
6.9
7.0
5.2
2.4
2.6
14.5
6.1
17.8
33.2
13.5
23.5
16.4
6.0
15.1
17.4
22.5
19.9
28.8
5.8
2.5
10.4
14.1
10.2
19.7
6.5
4.7
5.0
2.3
3.5
13.7
7.2
16.1
31.7
14.2
24.8
15.7
6.4
15.4
20.2
20.7
21.1
28.6
7.7
2.4
11.4
13.7
9.6
20.9
5.8
3.9
4.2
2.3
3.8
14.6
7.5
15.3
32.0
15.1
24.6
15.9
6.9
14.7
16.1
17.8
20.8
28.6
7.9
2.4
11.8
12.3
8.3
12.9
9.4
12.5
8.6
(D)
(D)
403.2
767.9
181.1
309.6
101.6
34.0
131.3
42.7
260.8
104.2
156.5
72.1
154.9
2.0
464.7
701.3
227.1
477.5
799.6
237.8
363.3
589.4
169.1
407.0
641.8
213.7
440.2
654.6
227.4
6.8
5.3
5.0
7.6
4.7
6.0
339.9
101.6
33.8
148.5
56.0
302.1
145.5
156.6
53.6
215.6
2.1
264.4
92.9
33.3
72.8
65.5
333.1
163.8
169.3
49.3
255.6
2.5
205.8
87.8
33.4
46.8
37.8
225.2
91.6
133.6
49.3
147.6
1.8
212.6
85.3
K
K
48.5
257.2
M
M
9.6
10.1
11.6
8.7
9.9
6.5
6.3
6.7
9.6
9.4
11.1
9.1
10.6
7.5
8.5
6.8
50.8
199.0
2.0
195.5
83.0
K
K
51.6
279.3
M
M
40.7
234.6
2.3
3.8
2.5
n.a.
2.8
3.3
n.a.
7.8
5.4
6.3
7.0
8.4
11.2
4.1
11.3
8.0
8.9
7.3
2.4
3.7
n.a.
491.9
9.3
100.4
48.9
398.2
666.2
9.1
118.6
45.1
418.9
603.8
6.5
106.5
38.4
370.1
403.8
6.4
71.9
37.4
255.1
590.0
I
L
36.2
M
537.5
I
L
35.2
356.0
5.9
n.a.
1.6
3.9
4.1
7.3
n.a.
1.8
3.4
4.2
52.1
113.7
89.9
45.2
K
K
n.a.
308.2
332.5
347.0
271.0
289.3
313.1
n.a.
21.9
41.0
36.8
21.8
40.9
36.6
D Suppressed to avoid disclosure of data of individual companies.
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 (“Full-Time and Part-Time
Employees by Industry”) of the “National Income and Product Accounts (NIPA) Tables” in the August 2002
issue of the S urvey of C urrent B usiness. For industries at the sectoral level or below, the data are from the
Census Bureau’s Courtly 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 employ
ment 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 U.S. Economy by Industry”), whereas
All nonbank affiliates
2001
1999
6.2
4.7
3.9
1.8
1.9
(D)
5.8
14.7
30.4
12.0
22.6
13.9
5.6
14.3
16.2
21.5
18.5
26.9
5.1
2.5
9.9
6.1
4.1
4.7
6.4
8.7
11.4
3.1
8.8
2000
5.4
3.2
3.8
1.8
3.3
(D)
(D)
2001
(D)
5.3
3.0
3.1
1.7
3.5
(D)
13.1
29.5
12.6
24.0
14.2
6.1
14.8
18.4
20.1
19.7
26.9
6.8
2.4
11.0
7.1
12.3
29.6
13.6
23.9
14.4
6.6
14.2
14.4
17.3
19.4
26.9
7.1
2.4
11.4
6.7
4.3
5.6
6.0
7.9
7.2
4.4
6.1
5.2
7.5
(D)
(D)
(D)
(D)
9.2
5.6
5.5
5.7
6.4
8.9
6.7
(D)
(D)
(D)
(D)
2.6
2.4
n.a.
2.6
3.0
n.a.
2.0
3.4
n.a.
6.7
n.a.
1.6
2.8
3.7
4.8
n.a.
1.1
3.0
2.6
6.5
n.a.
5.9
n.a.
(D)
2.6
3.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
(D)
2.7
(D)
in table 7, affiliate manufacturing employment consists only of employees on the payrolls of manufacturing
plants. Data on the latter basis are not available for the industries within manufactunng 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 estab
lishments only. For this industry, employment in taxable establishments was estimated by applying the ratio of
employment in taxable establishments to total employment in the industry from the Census Bureau's 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 forms. 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.
Notes: 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 extrac
tion are also included in petroleum and coal products manufacturing rather than in mining.
Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499; F—500
to 999; G—1,000 to 2,499; H—2,500 to 4,999; 1—5,000 to 9,999; J—10,000 to 24,999; K—25,000 to 49,999;
L—50,000 to 99,999; M—100,000 or more.
August 2003
S urvey
of
C
urrent
reflecting a combination of foreign selloffs and reduc
tions in affiliate operations; the affiliate share of em
ployment decreased from 20.7 percent to 17.8 percent.
In transportation equipment, affiliate employment de
creased 9 percent, mainly as a result of cutbacks by af
filiates in the m otor vehicle industry. Employment by
U.S.-owned businesses in transportation equipment
decreased at a similar pace, so there was little change in
the affiliate share of employment.
Among other manufacturing industries, the affiliate
share of employment increased in beverages and to
bacco products; in paper; and in plastics and rubber
products. In the face of employment reductions by
U.S.-owned businesses, affiliate employment in these
three industries was boosted through new foreign in
vestments.
Outside of manufacturing, the affiliate share of em
ployment in the information sector decreased from 9.6
percent in 2000 to 7.0 percent in 2001. Affiliate em
ployment in this sector fell more than 20 percent as a
result of foreign selloffs in the broadcasting and tele
communications industry, where the affiliate share of
employment dropped from 9.1 percent to 4.1 percent.
Most of this change was due to selloffs of foreign own
ership shares in minority-owned affiliates. (For m ajor
ity-owned affiliates, the share in information decreased
by a smaller amount, from 6.0 percent to 5.2 percent,
also due to selloffs.) The affiliate share of employment
also decreased in the utilities sector, from 4.5 percent
to 3.6 percent, partly because of selloffs. In 2000, the
affiliate share in utilities had more than doubled as a
result of several foreign acquisitions in the electric
power industry.
In 2001, the affiliate share of employment increased
in a num ber of sectors, most notably in finance and in
surance; in professional, scientific, and technical ser
vices; and in mining. In finance and insurance, the
increase reflected several acquisitions of U.S. compa
nies by existing affiliates. In professional, scientific,
and technical services, the increase was more than ac
counted for by the entry of new affiliates, including af
filiates that were created as a result of inversions in
company ownership. In mining, the increase reflected
both new investments and expansions in existing affili
ate operations, particularly in m ining services per
formed for others under contract.
By state
Among the 50 states and the District of Columbia, the
U.S.-affiliate share of private-industry employment in
2001 was highest in Hawaii (9.1 percent), followed by
South Carolina (8.8 percent), Connecticut (8.3 per
cent), New Hampshire (8.1 percent), and Delaware
(8.1 percent) (table 6). (These five states also had the
B u s in e s s
47
highest shares for majority-owned affiliates.) Hawaii
has had the highest affiliate share of employment since
1992, and South Carolina has had the second-highest
share since 1995. In 2001, as in earlier years, about
two-thirds of the affiliate employment in Hawaii was
accounted for by Japanese-owned affiliates, whereas
about three-fourths of the affiliate employment in
South Carolina was accounted for by European-owned
affiliates. In Connecticut, the affiliate share of employ
m ent has increased every year since 1995, when it was
5.2 percent; in 2001, the affiliate share increased from
7.8 percent to 8.3 percent, largely because of acquisi
tions by existing affiliates (particularly in finance and
insurance) and the entry of new affiliates through cor
porate inversions.
Among other states, the affiliate share in Georgia
(which has increased every year since 1997) reached
7.1 percent in 2001 as a result of new foreign invest
ments. The affiliate share in N orth Carolina (which
had increased every year since 1997) decreased from
7.8 percent in 2000 to 7.1 percent in 2001, reflecting a
combination of foreign selloffs and cutbacks in ongo
ing affiliate operations.
In manufacturing, the affiliate shares of employ
m ent in 2001 were highest in Delaware (24.0 percent),
the District of Columbia (24.0 percent), Kentucky
(22.9 percent), and New Hampshire (22.5 percent) (ta
ble 7, page 49). In 2000, the District of Columbia had
the largest affiliate share, followed by Delaware, New
Hampshire, and Kentucky. The relatively high affiliate
share in the District of Columbia partly reflects the
very small am ount of manufacturing employment in
the District.14 In Delaware, the District of Columbia,
and New Hampshire, affiliate employment in
14. According to data from the Census Bureau’s County Business Patterns,
there were only 2,500 manufacturing employees in the District o f Columbia
in 2001; more than half o f these employees were in the printing and the
commercial bakery industries.
Data Availability
This article summarizes the preliminary estimates
from the 2001 annual survey of foreign direct invest
ment in the United States. More detailed estimates
will be posted this fall in files that can be downloaded
at no charge from BEA’s Web site <www.bea.gov>.
Revised estimates will be released next year.
Detailed estimates of U.S. affiliate operations in
1977-2000 are also available from BEA’s Web site.
For more information on these products and how
to order them, see the International Investment Divi
sion Product Guide on BEA’s Web site at
<www.bea.gov/bea/ai/iidguide.htm>.
48
U.S. Affiliates of Foreign Com panies
manufacturing plants was dom inated by affiliates with
UBO’s in Europe. In Kentucky, Japanese-owned affili
ates accounted for a slightly larger share of affiliate
manufacturing employment than European-owned af
filiates.
In more than two-thirds of the states, the manufac
turing employment of affiliates decreased in 2001. The
August 2003
largest reductions were in N orth Carolina (where m an
ufacturing employment by affiliates dropped 21,000,
or 17 percent) and Pennsylvania (where affiliate m anu
facturing employment decreased 15,000, or 13 per
cent). In North Carolina, the decrease mainly reflected
large-scale cutbacks in production, particularly by af
filiates in the chemical, computer and electronic
Table 6. Employment by Nonbank U.S. Affiliates by State, 1999-2001
Thousands of employees
Majority-owned
nonbank affiliates
All nonbank affiliates
Total2............................................................................................
New England........................................................................................
Connecticut.
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont......
Mideast..........
Delaware....
District of Columbia
Maryland ..
New JerseyNew York ..
Pennsylvania.....................................................................................
Great Lakes..........................................................................................
Illinois
Indiana
Michigan
Ohio.
Wisconsin..........................................................................................
Plains....................................................................................................
Iowa.
Kansas
Minnesota
Missouri
Nebraska
North Dakota.....................................................................................
South Dakota....................................................................................
Southeast
Alabama
Arkansas
Florida
Georgia.............................................................................................
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia.....................................................................................
Southwest
Arizona
New Mexico
Oklahoma
Texas.................................................................................................
Rocky Mountain
Colorado
Idaho
Montana
Utah.
Wyoming
Far W est...............................................................................................
Alaska...............................................................................................
California
Hawaii
Nevada
Oregon
Washington.......................................................................................
Puerto Rico ....
Other U.S. areas3
Foreign4,,
Majority-owned
nonbank affiliates
All nonbank affiliates
1999
2000
2001
1999
2000
2001
6,027.6
399.8
103.4
32.8
194.6
35.9
21.6
11.6
1,060.2
28.0
15.6
98.3
246.6
410.3
261.5
1,061.1
285.8
164.9
247.4
263.7
99.4
327.2
40.6
54.9
91.1
101.0
25.2
7.7
6.5
1,555.3
80.6
38.1
286.5
215.7
97.0
62.7
25.3
261.8
137.0
151.7
171.1
27.6
547.0
70.7
16.4
44.0
416.0
166.6
92.5
18.4
13.7
35.2
6.7
885.6
10.7
641.4
44.3
34.0
58.8
96.4
16.7
7.9
0.3
6,524.6
461.0
118.0
33.9
226.8
46.5
24.2
11.5
1,196.5
31.8
17.1
112.9
272.2
479.1
283.4
1,114.4
325.8
168.2
249.9
260.3
110.3
351.9
40.9
61.0
106.2
107.4
21.7
7.7
6.9
1,616.8
77.9
40.9
312.1
227.9
106.0
61.3
24.2
264.8
138.4
153.2
181.9
28.1
576.9
73.2
16.7
41.9
445.2
169.5
102.6
14.2
6.8
38.1
7.8
1,011.3
12.0
749.4
44.8
36.3
62.1
106.8
17.9
7.9
0.5
6,371.9
459.8
123.9
34.2
220.8
45.2
24.1
11.6
1,178.8
29.8
18.0
112.3
270.8
480.8
267.1
1,080.3
320.9
163.0
244.2
242.2
110.1
348.7
47.0
39.6
108.4
114.0
23.6
9.4
6.7
1,599.3
92.2
41.0
303.3
243.8
101.5
59.5
27.6
237.7
136.7
157.0
171.3
27.7
556.8
72.3
14.8
41.6
428.1
160.0
93.4
13.9
7.5
37.6
7.7
960.2
12.1
713.5
41.8
32.5
56.4
103.9
18.5
9.2
0.3
5,064.3
349.2
93.3
22.0
175.9
29.9
19.5
8.6
917.5
24.0
13.9
88.7
211.3
348.3
231.3
925.5
241.2
144.3
221.2
228.7
90.1
257.9
35.5
33.4
77.3
81.7
19.3
4.9
5.8
1,307.3
64.1
31.6
210.7
189.3
82.2
49.3
19.8
229.4
128.0
132.8
146.5
23.7
432.6
53.6
10.2
33.4
335.3
124.8
73.7
11.0
9.7
25.1
5.2
726.4
8.9
529.6
39.4
26.2
46.9
75.4
15.2
7.6
0.3
5,656.5
420.9
105.5
31.7
207.7
43.8
22.2
9.9
1,051.2
27.7
14.7
104.6
234.6
415.8
253.9
979.0
277.2
143.8
228.4
228.3
101.3
285.3
36.5
37.8
90.7
89.4
19.3
5.2
6.4
1,397.7
65.0
34.7
244.2
199.5
94.1
51.3
20.0
239.1
129.1
137.7
158.0
25.0
492.5
60.8
12.0
34.7
384.9
143.4
88.2
10.8
5.0
32.2
7.2
862.5
10.3
638.9
40.6
30.7
56.0
86.0
16.0
7.5
0.5
5,6715
433.2
114.9
32.8
208.2
43.2
23.5
10.6
1,059.0
26.2
17.1
103.8
239.3
427.5
245.0
960.2
275.8
140.2
228.6
219.1
96.5
306.2
40.1
35.8
93.1
103.4
20.3
7.9
5.6
1,411.4
75.4
35.9
253.4
215.5
91.2
51.3
20.6
221.3
127.6
140.1
154.2
25.0
495.5
63.2
12.1
38.7
381.4
138.2
83.4
11.1
5.7
30.7
7.3
842.7
10.3
618.1
39.2
29.0
52.4
93.6
16.0
9.0
0.2
n.a. Not available.
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 (“Full-Time
and Part-Time Employees by Industry") of the “National Income and Product Accounts (NIRA) Tables.” They
differ from the NIPA estimates of employment because they include depository institutions, and, by definition,
Percentage of total private-industry employment in the state1
1999
5.4
6.5
6.9
6.6
6.6
6.6
5.2
4.5
5.8
7.6
3.6
4.9
7.4
5.7
5.2
5.5
5.4
6.2
6.1
5.3
4.1
3.9
3.2
4.9
3.9
4.3
3.3
2.9
2.1
5.8
5.0
3.9
4.7
6.4
6.3
4.0
2.6
7.8
8.8
6.4
6.0
4.8
4.7
3.7
2.9
3.6
5.3
4.5
4.9
4.0
4.4
3.9
3.7
5.0
5.1
5.2
10.0
3.8
4.3
4.2
n.a.
n.a.
n.a.
2000
5.7
7.3
7.8
6.6
7.5
8.4
5.7
4.4
6.3
8.5
3.7
5.5
7.8
6.5
5.5
5.7
6.1
6.3
6.1
5.2
4.4
4.1
3.2
5.4
4.5
4.5
2.8
2.9
2.1
5.9
4.8
4.1
4.9
6.6
6.8
3.8
2.5
7.8
8.8
6.4
6.2
4.9
4.8
3.7
2.8
3.4
5.5
4.4
5.3
3.0
2.1
4.1
4.2
5.6
5.6
5.8
9.8
3.9
4.5
4.6
n.a.
n.a.
n.a.
2001
5.6
7.3
8.3
6.6
7.3
8.1
5.7
4.4
6.3
8.1
3.9
5.4
7.8
6.6
5.2
5.6
6.0
6.3
6.1
4.9
4.5
4.1
3.7
3.5
4.6
4.8
3.0
3.5
2.1
5.9
5.8
4.1
4.7
7.1
6.6
3.7
3.0
7.1
8.8
6.7
5.8
4.8
4.7
3.7
2.5
3.4
5.3
4.1
4.8
2.9
2.3
4.1
4.1
5.3
5.5
5.6
9.1
3.4
4.1
4.5
n.a.
n.a.
n.a.
1999
4.5
5.7
6.2
4.4
6.0
5.5
4.7
3.4
5.0
6.5
3.2
4.4
6.3
4.8
4.6
4.8
4.6
5.5
5.5
4.6
3.7
3.1
2.8
3.0
3.3
3.4
2.5
1.8
1.9
4.9
4.0
3.2
3.4
5.6
5.4
3.1
2.1
6.9
8.2
5.6
5.1
4.1
3.7
2.8
1.8
2.8
4.3
3.3
3.9
2.4
3.1
2.8
2.9
4.1
4.2
4.3
8.9
2.9
3.4
3.3
n.a.
n.a.
n.a.
2000
4.9
6.7
6.9
6.2
6.9
7.9
5.2
3.8
5.6
7.4
3.2
5.1
6.8
5.6
5.0
5.0
5.2
5.4
5.6
4.6
4.1
3.3
2.9
3.3
3.8
3.7
2.5
1.9
2.0
5.1
4.0
3.5
3.8
5.8
6.0
3.2
2.1
7.0
8.2
5.7
5.4
4.3
4.1
3.1
2.1
2.8
4.7
3.7
4.5
2.3
1.6
3.5
3.9
4.8
4.8
5.0
8.9
3.3
4.0
3.7
n.a.
n.a.
n.a.
2001
5.0
6.9
7.7
6.4
6.9
7.8
5.5
4.0
5.6
7.1
3.7
5.0
6.9
5.8
4.8
5.0
5.2
5.4
5.7
4.5
3.9
3.6
3.2
3.1
4.0
4.4
2.6
3.0
1.8
5.2
4.7
3.6
3.9
6.3
6.0
3.2
2.2
6.7
8.2
5.9
5.2
4.3
4.2
3.2
2.1
3.1
4.7
3.6
4.3
2.3
1.8
3.3
3.8
4.6
4.7
4.8
8.5
3.0
3.8
4.1
n.a.
n.a.
n.a.
they exclude U.S. residents temporarily employed abroad by U.S. businesses. They also may differ from the
NIFA 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.
August 2003
S urvey
of
49
C u r r e n t B u s in e s s
product, electrical equipment, and m otor vehicle in
dustries. As a result of these cutbacks, the affiliate share
of m anufacturing employment in N orth Carolina de
creased from 16.5 percent to 14.5 percent. In Pennsyl
vania, the decrease reflected plant closings and
employment cuts that were particularly concentrated
among affiliates in the computer and electronic prod
uct and the electrical equipment industries. The affili
ate share of manufacturing employment in
Pennsylvania decreased from 15.0 percent to 13.4 per
cent.
In two states— New York and Missouri— manufac
turing employment by affiliates increased by more
than 5,000 in 2001, mainly as a result of new foreign
investments and the entry of new affiliates through
corporate inversions. The affiliate share of manufac
turing employment in New York increased from 12.0
percent to 13.3 percent, and the share in Missouri
Table 7. Manufacturing Employment by Nonbank U.S. Affiliates by State, 1999-2001
Thousands of employees
All nonbank affiliates
Total2 ..........................................................................................
New England.......................................................................................
Connecticut......................................................................................
Maine................................................................................................
Massachusetts
New Hampshire
Rhode Island...
Vermont
Mideast.................................................................................................
Delawaie
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes.........................................................................................
Illinois................................................................................................
Indiana
Michigan
Ohio....
Wisconsin
Plains .............................................................................................
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota...
South Dakota.
Southeast
Alabama
Arkansas..........................................................................................
Florida.
Georgia
Kentucky
Louisiana
Mississippi.....................................................
North Carolina
South Carolina
Tennessee
...................................
Virginia
...................................
West Virginia
Southwest
Arizona
New Mexico
Oklahoma
Texas...
Rocky M ountain.................................................................................
Colorado
Idaho...
Montana
Utah....
Wyoming..........................................................................................
Far W est.
Alaska.
California
Hawaii.
Nevada..............................................................................................
Oregon
Washington
Puerto Rico
Other U.S. areas3
Foreign4................................................................................................
1999
2000
2001
2,240.9
123.0
31.6
11.8
52.7
17.1
6.5
3.2
287.3
8.1
0.5
19.6
68.4
73.8
117.0
547.6
112.4
111.8
127.1
141.9
54.4
144.5
23.5
19.3
34.7
49.1
10.8
3.2
3.9
654.8
49.9
26.4
47.2
82.8
67.0
23.9
13.5
124.7
73.5
81.0
51.5
13.4
183.0
16.4
2.8
15.9
147.9
38.9
19.4
4.9
2.7
10.7
1.1
253.1
1.6
196.7
1.2
5.0
20.7
27.9
8.3
0.4
0.0
2,315.7
134.4
34.5
11.9
55.9
21.9
6.3
4.0
305.2
10.1
0.6
22.5
67.5
84.9
119.6
557.5
119.4
111.7
141.0
128.2
57.2
145.2
23.6
19.1
37.1
50.3
8.7
2.8
3.7
655.5
48.8
28.3
53.5
86.3
68.4
23.7
11.8
120.5
73.9
78.0
48.2
14.0
198.1
16.7
4.1
16.1
161.3
46.9
27.4
5.9
1.6
10.9
1.1
263.8
1.7
208.2
1.3
5.0
21.0
26.6
8.6
0.3
0.0
2,177.6
132.9
36.2
11.7
54.0
21.6
5.3
4.1
295.2
10.1
0.6
21.1
67.4
91.5
104.7
509.6
108.3
105.7
127.7
116.9
51.1
151.7
23.9
15.4
39.4
56.0
8.8
5.1
2.9
607.2
44.9
26.5
50.6
80.5
64.0
21.5
11.6
99.9
70.2
80.4
43.9
13.1
185.7
19.0
3.2
16.1
147.5
42.7
23.6
5.5
2.8
9.9
0.9
243.7
2.1
193.6
1.0
5.3
17.2
24.6
8.2
0.7
(*)
* Fewer than 50 employees.
D Suppressed to avoid disclosure of data of individual companies,
n.a. Not available.
1. The data on employment in manufacturing used to calculate these shares 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 consis
Percentage of total manufacturing employment in the state1
Majority-owned
nonbank affiliates
Majority-owned
nonbank affiliates
All nonbank affiliates
1999
2000
2001
2,036.5
115.3
28.7
11.0
50.0
16.4
6.3
2.8
267.8
7.2
0.4
18.5
65.4
66.5
109.9
498.0
101.5
102.0
113.9
129.0
51.6
132.3
21.9
18.1
31.0
45.1
10.1
2.3
3.7
593.7
42.7
22.1
41.4
76.4
57.3
22.0
11.8
116.4
69.4
75.6
46.8
11.7
169.8
15.0
2.7
15.3
136.8
33.7
16.3
4.8
2.1
9.4
1.1
218.1
1.3
168.4
1.2
4.6
18.0
24.5
7.5
0.3
0.0
2,118.8
127.7
32.2
11.4
53.3
20.8
6.1
3.9
M
I
0.4
21.8
64.0
77.9
111.7
516.4
109.7
99.9
133.9
118.7
54.2
132.8
22.4
18.3
32.2
46.2
8.2
2.0
3.5
596.8
41.1
23.7
49.2
79.0
60.7
22.0
9.6
113.6
70.0
72.7
42.4
12.9
184.7
16.2
3.8
15.5
149.2
K
24.4
H
0.9
10.1
1.0
226.2
1.5
175.0
1.2
4.7
19.3
24.5
8.4
0.3
0.0
1,992.6
126.6
34.4
11.3
51.4
20.6
5.1
3.9
278.5
9.2
0.4
20.4
64.7
85.7
98.2
471.6
98.9
94.7
121.9
108.0
48.1
140.3
22.7
14.8
34.5
52.8
8.3
4.5
2.7
547.5
36.8
22.5
46.5
70.7
56.9
19.6
9.4
94.5
66.7
74.5
37.6
11.7
171.8
18.3
2.8
15.6
135.1
36.7
20.8
3.7
2.1
9.1
0.9
210.7
1.7
164.7
1.0
5.0
15.8
22.5
8.1
0.7
(*)
1999
13.4
13.1
13.3
14.6
13.0
17.6
9.0
7.2
13.5
19.6
15.6
12.3
17.5
10.1
14.4
14.1
13.0
17.5
15.6
14.4
9.5
10.5
9.5
9.8
9.1
13.2
9.9
14.1
8.2
15.6
14.6
11.5
11.2
15.6
22.9
14.5
6.0
16.5
21.8
17.0
14.1
18.3
13.5
8.5
7.2
9.5
15.5
10.2
11.8
7.5
13.2
8.8
11.2
10.6
13.8
11.0
8.3
12.9
9.8
8.4
n.a.
n.a.
n.a.
2000
14.0
14.7
14.8
14.9
14.1
23.5
9.1
8.8
14.6
24.1
24.3
14.2
17.5
12.0
15.0
14.4
14.0
17.5
17.2
13.0
10.0
10.8
9.7
10.0
9.8
14.5
8.0
11.6
8.0
15.8
14.6
12.0
12.9
16.7
23.3
14.7
5.4
16.5
22.1
16.4
13.4
18.9
14.4
8.3
10.9
9.5
16.7
12.1
16.4
8.8
7.8
8.9
11.8
11.3
15.5
11.9
8.4
13.2
10.4
8.4
n.a.
n.a.
n.a.
2001
13.6
14.6
15.5
15.2
13.8
22.5
8.0
8.5
14.4
24.0
24.0
13.4
17.7
13.3
13.4
13.9
13.2
17.5
16.9
12.5
9.4
11.5
10.1
8.1
10.6
16.7
8.2
21.1
6.2
15.3
14.4
11.6
12.2
16.4
22.9
13.5
5.8
14.5
21.6
17.9
12.8
18.1
13.8
9.8
8.6
9.8
15.6
11.3
14.5
8.2
13.5
8.2
10.1
10.5
18.8
11.1
6.5
13.2
8.7
7.8
n.a.
n.a.
n.a.
1999
12.2
12.3
12.1
13.6
12.4
16.9
8.8
6.3
12.6
17.3
13.5
11.6
16.8
9.1
13.6
12.9
11.8
16.0
13.9
13.1
9.0
9.6
8.9
9.2
8.2
12.1
9.3
10.1
7.8
14.1
12.5
9.6
9.9
14.4
19.6
13.3
5.3
15.4
20.6
15.9
12.8
16.0
12.5
7.8
7.1
9.2
14.3
8.8
9.9
7.2
10.1
7.7
11.2
9.1
11.0
9.4
8.2
11.8
8.6
7.4
n.a.
n.a.
n.a.
2000
12.8
13.9
13.8
14.3
13.4
22.4
8.9
8.7
(D)
(D)
15.8
13.7
16.6
11.0
14.0
13.3
12.9
15.6
16.3
12.0
9.5
9.9
9.2
9.6
8.5
13.3
7.5
8.2
7.6
14.4
12.3
10.0
11.8
15.2
20.7
13.6
4.4
15.5
20.9
15.3
11.8
17.4
13.4
8.1
10.0
9.2
15.4
(D)
14.7
(D)
4.4
8.3
10.5
9.7
13.1
10.0
8.3
12.4
9.5
7.8
n.a.
n.a.
n.a.
2001
12.4
13.9
14.7
14.6
13.2
21.4
7.7
8.1
13.6
21.9
15.3
13.0
17.0
12.4
12.6
12.9
12.1
15.7
16.1
11.5
8.8
10.7
9.6
7.8
9.2
15.7
7.7
18.4
5.8
13.8
11.8
9.8
11.3
14.4
20.3
12.3
4.7
13.7
20.5
16.6
10.9
16.1
12.8
9.4
7.6
9.5
14.3
9.7
12.8
5.6
10.3
7.5
10.1
9.1
15.2
9.5
6.3
12.5
8.0
7.1
n.a.
n.a.
n.a.
tency 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 ote. 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; I—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.
50
U.S. Affiliates of Foreign Companies
increased from 14.5 percent to 16.7 percent. The affili
ate share of manufacturing employment also increased
very substantially in a num ber of small states (most
notably in N orth Dakota and M ontana) as a result of
foreign acquisitions.
Trade in G oods
U.S. affiliates of foreign companies have a major pres
ence in U.S. trade in goods: In m ost years since 1977,
they 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 the affiliates’
shares of either gross product or employment (table 8).
The relatively high shares of trade partly reflect the
concentration of foreign direct investment activity in
manufacturing, a sector that has a high trade orienta
tion. In addition, the high shares reflect the activity of
wholesale trade affiliates, which have served as con
duits for flows of goods between the United States and
the foreign investing countries.15 Trade in goods by
U.S. affiliates has been dom inated by majority-owned
affiliates: In recent years, these affiliates have ac
counted for about 90 percent of affiliate exports and
for about 95 percent of affiliate imports.
Much of the trade in goods by affiliates— about 40
percent of exports and about 75 percent of im ports— is
intrafirm trade (that is, trade between the affiliates and
their foreign parents or other mem ber companies of
their foreign parent groups). U.S.-affiliate intrafirm
trade has generally accounted for 8-12 percent of U.S.
exports and for 20-28 percent of U.S. imports; almost
all of this trade has been by majority-owned affiliates.16
In m ost years since the mid-1980s, imports by U.S.
affiliates have exceeded their exports by 80-130 per
cent, a difference substantially larger than the differ
ence for the United States as a whole. The relatively
large trade deficit for affiliates can be explained by the
15. In 2001, affiliates in wholesale trade accounted for 36 percent o f affili
ate exports and for 58 percent o f affiliate imports. Earlier, these affiliates
played an even larger role in U.S.-affiliate trade: In each year in 1977-95,
these affiliates accounted for more than 50 percent o f affiliate exports and
for more than 60 percent of affiliate imports.
16. Total U.S. intrafirm trade in goods— which also includes trade
between U.S. parent companies and their foreign affiliates— has accounted
for 30-40 percent o f U.S. exports and for 35-45 percent o f U.S. imports; see
William J. Zeile, “U.S. Intrafirm Trade in Goods,” S urvey 77 (February
1997): 23-38.
BEA’s data on intrafirm trade are distinct from a similar data series on
related-party trade from the Census Bureau. Unlike BEA’s data on intrafirm
trade, which are from its surveys of multinational company operations, the
Census Bureau data are based on a checkoff question in customs declara
tions o f exports and imports. For exports, the definition of “related party”
in the customs documents is based on an ownership share of at least 10 per
cent, which is consistent with the definition o f direct investment used in
BEA’s surveys; however, for imports, the customs definition is based on a 6percent ownership share. In addition, the data on related-party trade,
unlike BEA’s data, do not distinguish the trade between U.S. and foreign
units o f U.S. multinational firms from the trade between U.S. and foreign
units o f foreign multinational firms.
August 2003
activity of wholesale trade affiliates, many of which
were established expressly to facilitate the im portation
of goods m anufactured abroad by their foreign par
ents. Since 1985, wholesale trade affiliates—whose im
ports have been two to four times as large as their
exports— have consistently accounted for more than
two-thirds of the trade deficit of all U.S. affiliates.17
17.
For a discussion of U.S.-affiliate trade balances in 1977-91, see
William J. Zeile, “Merchandise Trade o f U.S. Affiliates Foreign Companies,”
S urvey 73 (October 1993): 52-65.
Table 8. U.S. Trade in Goods by Nonbank U.S. Affiliates, 1977-2001
Millions of dollars
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...............
1999...............
2000r..............
2001 p..............
Majorityowned
nonbank
affiliates:
1988...............
1989...............
1990...............
1991...............
1992...............
1993...............
1994...............
1995...............
1996...............
1997...............
1998...............
1999...............
2000r.............
2001o.............
U.S. exports of
goods shipped by
affiliates
U.S. imports of
goods shipped to
affiliates
U.S. exports of
goods shipped by
affiliates as
a percentage of
total U.S. exports
of goods
Total
Of
which:
To the
foreign
parent
group
Total
Of
which-.
From the
foreign
parent
group
Of
which:
To the
foreign
parent
group
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
151,005
153,572
164,673
163,641
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
57,565
59,881
66,226
66,323
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
292,046
324,994
372,164
369,488
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
205,181
229,857
273,598
282,921
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
22.1
21.1
22.4
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
8.6
8.5
9.1
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
32.0
31.7
30.6
32.4
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
22.5
22.4
22.5
24.8
57,209
72,413
79,368
85,254
91,686
94,329
107,057
121,277
125,897
128,394
136,949
140,808
150,911
149,323
26,001
33,778
37,177
41,373
47,567
46,241
49,864
55,842
59,544
61,288
56,115
58,385
64,785
64,760
144,896
158,792
170,677
169,362
172,260
186,369
214,485
232,250
248,562
249,310
277,909
312,895
354,613
352,861
112,012
122,899
131,665
128,143
132,217
144,698
166,085
182,148
187,889
193,969
199,524
225,132
267,187
277,147
17.7
19.9
20.2
20.2
20.5
20.3
20.9
20.7
20.1
18.6
20.1
20.2
19.3
20.5
8.0
9.3
9.5
9.8
10.6
9.9
9.7
9.5
9.5
8.9
8.2
8.4
8.3
8.9
32.8
33.5
34.4
34.7
32.3
32.1
32.3
31.2
31.3
28.7
30.5
30.5
29.1
30.9
25.3
25.9
26.5
26.2
24.8
24.9
25.0
24.5
23.6
22.3
21.9
22.0
21.9
24.3
Total
U.S. imports of
goods shipped to
affiliates as
a percentage of
total U.S. imports
of goods
Total
Of
which:
From the
foreign
parent
group
" Preliminary.
' Revised.
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-Bureau-based data, which are before the adjustments to the balance-of-payments basis
presented in BEA’s International Transactions Accounts (see table 2, lines A1 and A9 in Douglas B. Weinberg
and Patricia E. Abaroa, “U.S. International Transactions, First Quarter 2003," S urvey of C urrent B usness 83
(July 2003): 68-69).
August 2003
Survey
of
C
urrent
Exports
51
B u s in e s s
classes that have accounted for larger shares of affiliate
exports.20
Differences by investing country in affiliate export
growth in 2001 partly reflected differences in world
market conditions for the products of different indus
tries. Exports by affiliates with UBO’s in the Nether
lands decreased 8 percent in 2001, largely due to
reduced exports by affiliates in the computer and elec
tronic product industry (table 9). Exports by Germanowned affiliates decreased 6 percent, largely reflecting
a reduction in exports by affiliates with product lines
in m otor vehicles, machinery, electronic products, and
medical equipment. Exports by Korean-owned affili
ates decreased 10 percent, reflecting reduced exports
by wholesale-trade affiliates specializing in electrical
goods and in professional and commercial equipment.
In contrast, exports by Swiss-owned affiliates jum ped
20 percent, mainly as a result of increased exports by
affiliates in pharmaceutical manufacturing.
In 2001, exports of goods by U.S. affiliates dipped half
a percent, to $163.6 billion, following a 7-percent in
crease in 2000 (table 8). This decrease m irrored a
much larger reversal for goods exports by all U.S. busi
nesses, which fell 7 percent after increasing 13 percent.
Because of the relatively modest decrease for affiliates,
the affiliate share of total U.S. exports of goods in
creased from 21.1 percent in 2000 to 22.4 percent in
2001.
For both affiliates and all U.S. businesses, exports in
2001 were restrained by a falloff in foreign demand as
sociated with slower economic growth in several major
trading-partner countries.18 Exports by all U.S. busi
ness were particularly affected by a sharp drop in for
eign demand for high-technology capital goods, a
product class that has accounted for a smaller share of
exports by U.S. affiliates.19 Foreign demand decreased
only slightly for chemicals and food products, product
Imports
18. For a discussion of the decreases in total U .S . exports and imports of
goods in 2001, see Christopher L. Bach, “ U .S . International Transactions,
Fourth Quarter and Year 2001,” S u r v e y 82 (April 2002): 38-44.
19. Product-level data on U.S. trade from the Census Bureau reveal that
more than half o f the total decrease in exports o f goods by all U.S. busi
nesses in 2001 was accounted for by a 16-percent reduction in exports of
the class o f goods comprising office machines and automatic data process
ing equipment, telecommunications and sound recording equipment, and
other electrical machinery and parts. Data on the product composition of
U.S.-affiliate exports, which were most recently collected in BEA’s 1997
Benchmark Survey o f Foreign Direct Investment in the United States, indi
cate that these products accounted for 17 percent o f affiliate exports of
goods in 1997; in comparison, these products accounted for 23 percent of
total U.S. exports of goods in 1997.
Reflecting a general slowdown in the U.S. economy,
imports of goods by U.S. affiliates decreased almost 1
percent in 2001, to $369.5 billion, following an
20. In 2001, U.S. exports of chemicals decreased less than half a percent,
and U.S. exports of food, beverages, and tobacco decreased less than 1 per
cent. Data from the 1997 benchmark survey indicate that chemicals
accounted for 14 percent of affiliate exports, compared with 10 percent of
total U.S. exports o f goods, and that food, beverages, and tobacco
accounted for 15 percent o f affiliate exports, compared with 7 percent o f
total U.S. exports of goods.
Table 9. U.S. Trade in Goods of Nonbank U.S. Affiliates by Selected Country of Ultimate Beneficial Owner, 1999-2001
Percentage of
all-countries total
Millions of
dollars
1999
2000
2001
U.S. exports shipped by affiliates:
All countries.......................................
Canada....................................................
France.....................................................
Germany.................................................
Netherlands.............................................
Switzerland..............................................
United Kingdom.......................................
Japan ......................................................
Korea, Republic of...................................
Other.......................................................
153,572
7,495
16,655
31,713
5,214
5,707
15,768
41,373
5,717
23,929
164,673
9,239
15,670
31,976
7,334
6,020
16,929
43,871
6,396
27,237
163,641
9,497
16,011
30,173
6,717
U.S. imports shipped to affiliates:
All countries........................................
Canada....................................................
France.....................................................
Germany.................................................
Netherlands.............................................
Switzerland..............................................
United Kingdom.......................................
Japan......................................................
Korea, Republic of...................................
Other.......................................................
324,994
16,647
16,178
53,911
15,938
7,289
19,291
138,564
15,334
41,841
372,164
21,151
16,949
58,156
(D)
8,519
24,049
151,152
19,212
(D)
1999
2000
2001
1999
2001
2000
2000-2001
100.0
5.6
9.5
19.4
4.5
3.7
10.3
26.6
3.9
16.5
100.0
5.8
9.8
18.4
4.1
4.4
9.8
26.7
3.5
17.4
22.1
7,216
15,985
43,725
5,779
28,538
100.0
4.9
10.8
20.7
3.4
3.7
10.3
26.9
3.7
15.6
21.1
1.2
2.0
4.1
0.9
0.8
2.2
5.6
0.8
3.5
22.4
1.3
2.2
4.1
0.9
1.0
2.2
6.0
0.8
3.9
-0.6
2.8
2.2
-5.6
-8.4
19.9
-5.6
-0.3
-9.6
4.8
369,488
16,596
19,154
55,981
16,496
8,461
26,366
153,342
19,253
53,839
100.0
5.1
5.0
16.6
4.9
2.2
5.9
42.6
4.7
12.9
100.0
5.7
4.6
15.6
5.9
2.3
6.5
40.6
5.2
13.7
100.0
4.5
5.2
15.2
4.5
2.3
7.1
41.5
5.2
14.6
31.7
1.6
1.6
5.3
1.6
0.7
1.9
13.5
1.5
4.1
30.6
1.7
1.4
4.8
(D)
0.7
2.0
12.4
1.6
(D)
32.4
1.5
1.7
4.9
1.4
0.7
2.3
13.4
1.7
4.7
-0.7
-21.5
13.0
-3.7
(D)
-0.7
9.6
1.4
0.2
(D)
D Suppressed to avoid disclosure of data of individual companies.
N ote. Affiliates of the eight countries listed in this table accounted for the largest shares of affiliate trade in each of the years 19 9 9 -2001.
Addendum:
Percent
change in
affiliate
exports or
imports,
Percentage of total exports
or imports of goods
52
U.S. Affiliates of Foreign Companies
increase of 15 percent in 2000. This turndow n was
mild compared with that for total U.S. im ports of
goods, which decreased 6 percent after increasing 19
percent. As a result, the affiliate share of U.S. imports
of goods increased from 30.6 percent in 2000 to 32.4
percent in 2001.
The overall decrease in affiliate imports in 2001 was
tempered by increases in im ports by wholesale trade
affiliates, particularly those in m otor vehicle wholesale
trade. Im ports by m anufacturing affiliates decreased 7
percent; this decrease was more than accounted for by
a one-third reduction in im ports by affiliates in com
August 2003
puters and electronic products.21
Partly as a result of reduced imports by affiliates in
computers and electronic products, imports by Cana
dian-owned affiliates decreased 22 percent in 2001. In
contrast, imports by French-owned affiliates increased
13 percent, largely due to new acquisitions.
Tables 10.1 through 11.2 follow.
21. The Census Bureau’s product-level data for total U.S. imports reveal
that an 18-percent reduction in U.S. imports of office machines and auto
matic data processing equipment, telecommunications and sound record
ing equipment, and other electrical machinery and parts accounted for
about two-thirds o f the total decrease in U.S. imports o f goods.
August 2003
53
S u r v e y o f C u r r e n t B u s in e s s
Table 10.1 Selected Data of Nonbank U.S. Affiliates by Industry of Affiliate, 2000
Millions of dollars
Millions of dollars
All industries...................................................................................
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...................................................................
Plastics and rubber products....................................................................
Nonmetallic mineral products
Primary and fabricated metals
Primary metals...............
Fabricated metal products
Machinery..........................
Agriculture, construction, and mining machinery.................................
Industrial machinery......
Other..............................
Computers and electronic products
Computers and peripheral equipment..................................................
Communications equipment.................................................................
Audio and video equipment..................................................................
Semiconductors and other electronic components..............................
Navigational, measuring, and other instruments
Magnetic and optical media...............................
Electrical equipment, appliances, and components
Transportation equipment......................................
Motor vehicles, bodies and trailers, and parts...
Other...................................................................
Furniture and related products..............................
Miscellaneous manufacturing................................
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 institutions) and insurance.......................
Finance, except depositor 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.....................................
Other..........................................................................................................
Other industries...........................................................................................
Agriculture, forestry, fishing and hunting
Mining.................................
Utilities................................
Construction................................
Transportation and warehousing
Management of nonbank companies and enterprises..............................
Administration, support, and wasie management.....................................
Health care and social assistance............................................................
Accommodation and food services...........................................................
Accommodation....................................................................................
Food services and drinking places.......................................................
Miscellaneous services.............................................................................
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies
Note. Estimates for 2000 are revised.
Total assets
Gross
property,
plant, and
equipment
Expendi
tures for
property,
plant, and
equipment
(1)
(2)
(3)
4,893,942
1,117,104
45,791
17,933
10,258
1,917
33,004
9,804
59,288
261,913
61,677
23,330
102,178
49,317
25,411
33,279
57,193
66,001
39,287
26,714
81,751
21,388
6,275
54,088
172,295
6,583
87,885
(D)
42,454
15,131
(D)
50,388
203,366
186,748
16,618
1,288
11,635
404,594
92,518
28,122
34,699
50,050
109,103
90,102
72,639
34,493
38,146
321,514
73,591
33,242
190,395
(°)
(D)
24,285
2,490,728
1,427,537
1,063,191
119,939
100,527
19,412
43,405
6,264
9,673
2,105
25,363
324,019
6,811
52,736
53,590
25,671
45,732
44,623
16,943
14,278
48,324
39,078
9,246
15,312
1,175,628
511,324
22,716
5,659
6,039
803
22,491
6,120
43,407
117,862
50,486
14,265
31,298
8,260
13,552
22,781
42,765
41,503
29,275
12,228
24,086
4,601
2,725
16,761
45,240
1,991
10,993
(D)
18,205
6,631
(D)
17,944
87,290
84,333
2,958
646
3,972
179,313
42,211
8,667
9,180
10,863
(D)
(D)
35,533
24,635
10,898
105,808
8,689
4,981
88,300
2,971
85,329
3,837
57,294
16,987
40,307
94,384
85,270
9,113
8,208
1,922
2,330
321
3,635
183,765
4,428
48,552
36,634
14,187
35,526
693
4,957
4,044
26,629
21,940
4,689
8,114
U.S. exports
of goods
shipped by
affiliates
U.S. imports
of goods
shipped to
affiliates
(8)
(9)
(10)
6,524.6
2,705.4
148.8
37.7
65.7
17.7
79.3
70.7
28.9
392.5
85.7
33.2
145.1
80.6
47.8
155.3
167.0
226.9
100.3
126.6
298.3
50.9
27.7
219.7
335.1
26.6
125.0
34.8
85.7
51.2
11.7
214.3
405.3
352.9
52.4
14.8
47.1
563.8
57.6
72.8
86.2
129.8
67.7
149.8
164,673
101,259
2,489
1,496
1,303
199
2,099
475
1,367
16,083
5,812
1,548
5,548
1,080
2,095
2,924
1,456
5,427
3,017
2,410
8,638
2,147
1,079
5,413
19,273
2,289
5,391
(D)
6,658
(D)
39
6,649
30,096
27,673
2,422
122
1,163
57,002
2,930
5,011
7,978
9,935
11,844
19,304
372,164
156,085
4,354
723
2,458
413
641
830
12,096
16,963
4,211
1,687
9,070
421
1,574
4,802
2,224
8,893
6,854
2,040
9,291
2,525
991
5,775
37,510
6,118
10,274
(D)
8,483
878
(D)
2,911
50,879
48,215
2,664
86
1,012
1,523
2
1,521
713
(D)
(D)
5
0
5
6
5,808
666.5
419.8
246.7
409.6
139.4
38.1
194.7
19.9
174.7
37.4
300.1
117.3
182.8
46.7
20.2
26.6
153.5
35.8
37.5
7.5
72.8
1,679.0
15.7
60.7
28.8
85.6
239.4
2.6
650.7
100.5
408.3
120.8
287.5
2,368
86.6
Sales
Net income
Gross
product
Compensa
tion of
employees
(4)
(5)
(6)
(7)
516,664
235,620
11,136
5,275
3,026
556
7,753
4,681
14,387
44,987
10,917
3,126
19,425
6,790
4,730
10,011
15,605
17,896
10,023
7,873
18,480
3,078
1,499
13,903
28,394
1,800
9,406
4,217
7,974
4,355
641
16,501
32,994
29,695
3,298
675
3,264
85,016
13,127
6,478
7,801
10,125
31,173
16,313
24,269
15,432
8,836
39,094
13,692
1,981
21,150
2,240
18,909
2,271
44,005
20,802
23,203
10,895
7,810
3,084
9,224
1,973
2,370
585
4,296
68,542
1,076
10,598
4,825
6,378
11,830
-3,199
16,146
4,641
12,828
5,709
332,164
153,842
6,649
2,038
2,349
421
4,815
3,735
2,365
28,484
6,665
1,771
12,517
4,450
3,080
7,851
8,480
12,172
6,346
5,827
15,167
2,620
1,621
10,926
23,295
1,572
10,361
3,321
4,781
2,831
429
10,565
22,626
19,887
2,739
487
2,343
34,827
4,459
4,702
5,430
6,806
4,411
9,019
15,734
9,201
6,534
26,472
9,689
1,438
12,929
1,403
11,526
2,417
37,965
22,372
15,593
2,710
1,434
1,276
9,907
2,031
3,037
485
4,354
50,705
616
4,450
2,242
4,840
7,557
330
15,885
3,545
8,873
3,064
7,119
3,418
149,131
55,355
2,223
600
483
75
1,988
442
3,100
10,283
3,393
2,004
2,945
1,011
929
1,927
3,643
3,189
2,294
895
2,560
420
218
1,922
6,662
195
1,605
(D)
2,385
(D)
127
2,077
15,595
15,211
384
100
407
24,091
10,936
832
892
1,283
(D)
(D)
3,705
2,211
1,494
25,647
1,494
605
22,680
353
22,328
868
10,301
4,261
6,040
9,521
7,621
1,900
1,157
163
511
51
432
19,355
425
5,012
3,988
3,060
2,306
349
377
274
3,007
2,325
682
2,334,692
14,271
34,593
11,511
424
488
-223
3
583
193
3,906
4,023
-419
-10
4,459
-43
37
-300
2,431
1,227
739
488
-1,108
-477
-942
312
-4,725
-126
-4,398
(D)
-216
(D)
-352
451
3,691
3,597
93
48
400
14,948
2,876
-229
252
978
7,283
3,790
-221
848
-1,069
-4,959
21
190
-4,374
(°)
(D)
-795
11,514
2,759
8,755
1,849
1,591
258
-1,498
-127
-898
28
-500
1,448
18
1,368
708
519
748
(D)
-404
(D)
625
283
342
558
8,334
-121
987,450
47,508
14,919
11,047
2,214
23,142
11,937
107,939
164,398
42,239
19,417
61,104
24,217
17,420
33,409
41,674
67,583
42,669
24,914
68,375
14,346
6,680
47,348
128,324
13,650
44,936
(D)
34,316
(D)
2,150
45,567
207,404
194,160
13,244
2,077
9,934
634,092
125,155
46,639
67,517
92,676
170,364
131,741
116,266
68,610
47,656
121,638
35,473
9,885
68,896
(D)
(D)
7,384
237,602
104,746
132,856
24,185
17,431
6,754
31,799
5,772
7,125
1,313
17,590
181,660
3,165
23,372
26,910
32,457
29,372
(D)
22,276
(D)
24,922
10,650
Thousands
of
employees
(*)
0
0
(D)
4
(D)
374
244
(D)
0
(D)
(D)
339
2,684
76
97
58
(*)
26
(D)
(*)
O
0
29
206,668
(D)
19,861
31,225
28,618
24,175
(D)
(D)
(D)
3,917
240
127
(D)
(D)
0
(D)
0
4
4
0
639
34
605
367
(D)
(D)
0
45
(D)
156
501
2,876
16
17
2
1
(D)
4
4
0
19
54
U.S. Affiliates of Foreign Com panies
August 2003
Table 10.2 Selected Data of Nonbank U.S. Affiliates by Industry of Affiliate, 2001
Millions of dollars
All industries....................................................................................
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......................................................................................................
Plastics and rubber products....................................................................
Nonmetallic mineral products
Primary and fabricated metals
Primary metals......
Fabricated metal products
Machinery.................
Agriculture, construction, and mining machinery..................................
Industrial machinery
Other......................
Computers and electronic products..........................................................
Computers and peripheral equipment..................................................
Communications equipment
............................................
Audio and video equipment......................
Semiconductors and other electronic components...............................
Navigational, measuring, and other instruments
Magnetic and optical media......................
Electrical equipment, appliances, and components
Transportation equipment.............................
Motor vehicles, bodies and trailers, and parts
Other.........................................................
Furniture and related products.....................
Miscellaneous manufacturing.......................
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 institutions) 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.....................................
Other..........................................................................................................
Other industries...........................................................................................
Agriculture, forestry, fishing and hunting...................................................
Mining....................................
Utilities...................................
Construction..........................
Transportation and warehousing
Management of nonbank companies and enterprises..............................
Administration, support, and waste management.....................................
Health care and social assistance............................................................
Accommodation and food services...........................................................
Accommodation.....................................................................................
Food services and drinking places.......................................................
Miscellaneous services..............................................................................
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies
Note. Estimates for 2001 are preliminary.
Total assets
Gross
property,
plant, and
equipment
Expendi
tures for
property,
plant, and
equipment
(1)
(2)
(3)
5,466,000
1,151,660
59,196
18,542
8,368
2,287
32,625
9,842
53,607
263,557
56,544
33,066
102,459
47,035
24,452
35,659
62,018
61,158
38,709
22,448
95,222
21,518
8,739
64,966
111,804
6,237
42,961
(D)
38,059
16,424
(D)
118,087
206,515
189,907
16,608
1,270
11,905
411,476
74,125
29,307
50,995
48,438
114,506
94,105
83,705
37,354
46,351
334,134
59,148
54,164
178,253
31,592
146,661
42,569
2,922,634
1,678,033
1,244,600
118,683
100,606
18,077
60,319
10,417
14,802
3,606
31,493
383,390
6,563
52,772
54,333
26,365
47,169
106,208
15,947
13,424
46,420
37,170
9,251
14,189
1,200,064
547,751
23,019
6,067
5,410
1,058
22,256
6,473
45,763
123,960
46,819
22,670
31,874
9,365
13,232
25,292
46,893
41,783
30,269
11,514
25,158
4,791
3,684
16,684
38,958
2,294
9,859
(D)
16,350
7,007
(D)
25,062
105,915
102,870
3,045
684
3,999
183,044
33,532
8,915
16,023
11,116
(D)
(D)
40,971
25,096
15,875
68,564
6,752
4,720
48,888
3,379
45,508
8,204
71,290
25,255
46,035
94,670
86,813
7,857
12,341
2,695
4,813
471
4,362
181,433
4,484
46,135
38,434
14,293
35,898
795
5,046
3,591
24,991
22,040
2,951
7,766
144,139
57,726
2,023
575
452
71
1,587
433
3,714
10,680
2,821
2,647
3,805
637
768
1,978
4,050
2,599
1,695
904
2,838
422
493
1,923
5,860
330
1,638
197
1,896
1,664
135
4,034
16,330
15,997
333
95
409
23,896
7,476
1,141
1,643
1,316
(D)
(D)
4,983
3,133
1,851
15,234
902
637
12,120
519
11,600
1,576
13,840
6,751
7,089
8,483
7,034
1,449
1,512
204
766
77
465
18,465
440
4,242
4,822
2,864
2,302
371
327
263
2,293
1,980
313
541
Millions of dollars
Sales
Net income
Gross
product
Compensa
tion of
employees
(4)
(5)
(6)
(7)
-42,902
-22,025
-74
386
-245
-27
-411
-102
3,951
-630
-1,646
-488
2,144
-195
-445
-945
1,359
83
-556
638
-1,592
-276
-970
-347
-19,162
-574
-12,198
-237
-6,638
48
436
-1,509
-2,472
-2,450
-22
80
-715
8,227
2,381
-721
-1,637
-262
5,619
2,846
-989
754
-1,743
-19,709
-4,059
-363
-12,434
-1,362
-11,073
-2,853
-4,705
-4,888
183
2,395
2,216
179
-3,395
-640
-1,987
368
-1,136
-2,701
-34
673
506
-141
358
-2,188
-1,052
-268
-87
-143
56
-469
486,553
225,483
11,362
5,305
2,664
647
7,149
4,522
14,870
44,412
9,886
4,376
19,290
6,644
4,217
10,655
15,643
17,014
9,869
7,145
21,325
3,063
2,084
16,178
21,566
1,492
5,309
1,141
8,160
4,769
695
12,777
32,166
28,747
3,420
525
2,881
85,241
9,978
6,608
11,073
9,525
30,667
17,390
30,131
17,655
12,476
18,372
7,698
2,073
4,263
2,196
2,068
4,338
33,264
16,499
16,765
11,255
8,264
2,991
15,178
2,396
2,450
5,234
5,099
67,628
939
10,792
5,623
6,751
12,356
-3,400
15,511
4,413
11,382
5,189
6,193
3,261
350,575
160,926
6,874
2,162
1,962
531
4,770
3,750
2,973
30,337
6,487
2,647
13,678
4,387
3,138
8,594
8,993
12,429
7,087
5,342
18,699
2,753
2,131
13,815
19,407
1,707
8,083
915
5,102
3,177
425
11,731
25,157
22,180
2,977
327
2,228
41,671
4,692
5,146
9,145
6,974
5,648
10,067
20,024
10,759
9,265
21,270
8,007
1,712
6,440
1,420
5,020
5,112
36,503
21,147
15,356
2,730
1,358
1,372
14,208
2,687
3,487
2,654
5,381
53,244
610
5,113
2,114
5,810
8,731
402
15,821
3,594
8,498
3,153
5,344
2,551
2,354,136
952,003
49,269
15,056
8,933
2,284
22,588
11,701
95,232
174,681
38,872
29,307
65,083
25,025
16,394
35,178
43,140
63,091
39,857
23,234
72,510
14,170
8,504
49,836
98,870
13,545
31,583
6,057
36,490
9,056
2,140
49,658
198,389
185,518
12,872
2,020
9,403
653,230
129,589
44,316
90,411
84,354
182,075
122,485
137,142
75,608
61,535
98,779
28,976
11,633
45,443
10,904
34,539
12,727
253,305
98,940
154,364
24,197
17,501
6,696
45,396
7,799
8,331
7,636
21,631
190,084
2,940
22,195
35,049
33,739
31,918
953
22,423
9,837
23,242
10,533
12,709
7,788
Thousands
of
employees
U.S. exports
of goods
shipped by
affiliates
U.S. imports
of goods
shipped to
affiliates
(8)
(9)
(10)
6,371.9
2,569.8
153.0
37.3
49.6
17.7
78.6
69.6
26.5
385.2
79.2
41.6
151.8
66.2
46.5
161.2
165.7
211.7
103.1
108.6
309.9
49.4
32.7
227.8
256.6
26.6
72.5
13.3
83.4
49.8
11.0
198.8
389.2
339.6
49.7
14.6
44.7
596.6
56.5
80.8
108.2
123.6
72.9
154.7
163,641
99,394
2,364
1,472
910
299
2,039
395
1,732
16,935
5,714
1,954
6,344
1,009
1,913
3,103
1,460
5,588
3,383
2,206
8,572
2,104
1,310
5,159
17,421
2,386
4,682
(D)
6,224
(D)
27
6,080
29,788
27,386
2,401
105
1,128
58,099
2,720
4,697
9,493
10,258
13,514
17,416
1,443
3
1,439
369,488
144,995
3,953
718
2,044
699
614
669
12,317
20,704
3,531
2,906
11,936
615
1,717
4,714
2,233
8,525
6,799
1,725
8,773
2,556
1,680
4,537
24,184
6,033
5,909
(D)
6,569
910
(D)
3,056
50,651
48,008
2,643
108
1,031
213,468
79,576
18,884
39,824
27,397
24,530
23,258
5,114
340
4,774
242
(D)
(D)
2
0
2
4
4
4
0
455
34
421
313
(D)
(D)
0
44
4,897
162
513
3,827
62
14
2
1
304
3
3
0
9
776.5
444.9
331.6
307.4
101.9
37.6
94.2
17.8
76.4
73.7
336.5
133.8
202.7
44.6
19.8
24.7
202.4
45.7
43.1
41.3
72.2
1,538.1
14.0
63.2
27.0
91.2
248.0
3.4
573.1
89.2
359.6
108.7
250.9
69.5
(D)
467
165
(D)
0
(D)
(D)
(*)
(*)
0
(D)
4
(D)
405
311
56
1
38
3,370
338
2,373
(D)
140
(D)
(*)
26
231
(*)
(*)
0
25
August
2003
55
S u r v e y o f C u r r e n t B u s in e ss
Table 11.1 Selected Data of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 2000
Millions of dollars
Millions of dollars
Total assets
(1)
All countries....................................................................................
Canada .........................................................................................................
Europe..........................................................................................................
Austria
Belgium
Denmark
Finland
France
Germany....................................................................................................
Ireland........
Italy............
Liechtenstein
Luxembourg
Netherlands
Norway.....
Spain.........................................................................................................
Sweden....................................................................................................
Switzerland.
United Kingdom
Other........
Latin America and Other Western Hemisphere......................................
South and Central America......................................................................
Brazil .................................................................................................
Mexico....
Panama..
Venezuela
Other....
Other Western Hemisphere......................................................................
Bahamas
Bermuda.
Netherlands Antilles
United Kingdom Islands, Caribbean.....................................................
Other....
Africa............................................................................................................
South Africa...............................................................................................
Other.........................................................................................................
Middle East..................................................................................................
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific..........................................................................................
Australia.....................................................................................................
China........
Hong Kong..
Indonesia....
Japan........
Korea, Republic of
Malaysia....
New Zealand
Philippines..
Singapore...
Taiwan.......
Other.........................................................................................................
United States...............................................................................................
Addenda:
European Union (1 5 )'..............................................................................
OPEC2......................................................................................................
Gross
property,
plant, and
equipment
Expendi
tures for
property,
plant, and
equipment
Sales
(2)
(3)
(4)
88,863
7,513
239
502
140
73,289
2,767
332
134
35
1,486
2,209
217
11,465
332,164
33,769
222,328
697
3,703
1,053
2,387
38,682
42,578
3,602
3,753
199
316
25,402
1,366
592
8,837
32,765
56,130
267
13,932
3,581
308
2,1,10
432
604
127
10,351
(D)
7,187
(D)
1,411
38
669
627
42
2,162
558
60
162
573
79
730
55,275
4,557
166
942
112
45,519
1,222
287
72
15
940
1,269
171
4,029
6,524.6
672.5
4,427.7
13.5
154.8
19.2
40.4
654.8
728.4
68.0
89.8
3.7
10.2
614.5
33.4
14.0
234.3
563.7
1,177.4
7.5
277.4
80.0
5.3
57.0
6.9
7.6
3.2
197.3
I
135.8
J
34.2
0.9
10.6
9.4
1.1
52.5
10.2
1.8
3.9
16.9
1.9
17.8
1,020.1
79.9
2.5
34.5
2.9
827.7
17.8
5.8
1.7
0.5
16.5
24.7
5.6
63.9
164,673
9,239
88,527
325
(D)
555
1,446
15,670
31,976
(D)
1,612
76
482
7,334
(D)
206
4,087
6,020
16,929
47
9,266
3,267
(D)
(D)
126
403
129
6,000
(°)
P)
(D)
(D)
7
532
484
48
754
277
(D)
8
(D)
79
(D)
54,361
1,413
670
(D)
4
43,871
6,396
(D)
64
3
367
1,404
17
1,994
372,164
21,151
149,530
804
1,276
1,006
3,048
• 16,949
58,156
209
3,567
302
(D)
(D)
1,434
688
4,816
8,519
24,049
955
21,037
17,368
2,511
3,308
109
10,590
851
3,669
43
1,582
92
1,947
4
269
239
30
1,717
857
(D)
5
(D)
(D)
230
177,174
1,246
98
1,436
34
151,152
19,212
23
699
45
750
2,448
29
1,287
300,649
7,747
187,849
1,462
3,823.7
31.6
81,924
796
138,331
11,249
(7)
516,664
41,196
344,720
317
5,641
1,366
3,243
55,413
55,257
5,688
4,866
270
732
47,728
1,673
843
11,052
41,951
108,337
343
26,213
10,291
579
2,937
529
6,111
135
15,921
(D)
11,799
(D)
1,750
83
1,090
1,045
45
3,116
439
207
313
911
334
912
731,385
1,677
11,435
3,373
7,641
120,767
153,630
10,294
11,772
438
2,251
100,941
3,073
2,471
13,367
37,318
248,688
2,248
48,671
18,772
1,667
6,460
1,222
8,974
449
29,900
651
19,763
3,802
5,578
106
2,514
1,986
528
11,492
977
1,868
1,212
3,986
2,333
1,115
246,270
17,802
616
9,759
350
190,143
6,788
901
80
192
7,011
11,351
1,277
31,612
690,013
17,649
92,031
1,103
1,273,417
40,002
24,587
1,153
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, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom.
2. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Indonesia, Iran, Iraq, Kuwait,
(10)
(6)
34,593
-1,671
2,611,826
35,291
(9)
(5)
2,334,692
171,745
1,417,127
3,983
22,897
6,881
17,210
195,304
319,583
16,953
22,304
976
4,158
256,375
12,210
4,159
42,504
126,434
359,302
5,892
104,999
54,329
5,956
16,327
1,247
29,217
1,582
50,670
981
35,714
4,203
9,588
184
5,175
4,852
323
15,877
2,736
693
765
8,833
568
2,281
578,095
30,756
1,154
8,547
474
479,937
34,259
1,135
1,464
143
5,535
13,678
1,013
41,674
1,175,628
103,684
(8)
Compensa
tion of
employees
149,131
9,834
97,144
172
994
291
1,234
17,736
24,910
698
1,110
40
214
8,358
492
522
1,996
4,526
33,704
146
5,724
1,207
120
629
84
309
65
4,517
(D)
2,596
(D)
1,229
12
233
189
44
1,072
68
32
69
541
186
176
30,194
2,740
41
2,090
14
22,749
702
80
12
18
685
1,014
48
4,930
4,893,942
439,527
3,320,104
9,346
35,399
10,547
16,481
483,679
578,863
24,063
36,123
728
3,831
586,538
7,740
6,757
66,739
697,514
750,566
5,189
143,642
37,864
3,217
19,470
1,729
12,033
1,415
105,778
1,011
58,971
6,324
39,289
182
11,512
10,449
1,064
29,754
4,277
2,050
1,263
17,061
2,782
2,321
703,036
68,482
1,111
28,733
481
557,173
15,625
1,747
742
283
12,219
14,867
1,574
246,367
aiSKates^
U.S. imports
of goods
shipped to
affiliates
Gross
product
Net income
28,070
-371
265
42
44
1,901
3,117
274
-832
6
164
5,053
88
4
-235
3,434
15,146
-31
-879
639
70
27
20
553
-31
-1,518
-321
-805
92
-482
-2
150
189
-39
502
-256
10
132
374
232
10
3,285
-11
-1
-2,020
-17
5,803
137
-27
18
10
19
-595
-32
5,136
Thousands
of
employees
U.S. exports
of goods
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-100,000ormore.
Estimates for 2000 are revised.
56
U.S. Affiliates of Foreign Companies
August 2003
Table 11.2. Selected Data of Nonbank U.S. Affiliates by Country of Ultimate Beneficial Owner, 2001
Millions of dollars
All countries....................................................................................
Canada .........................................................................................................
Europe..........................................................................................................
Austria.......................................................................................................
Belgium.....................................................................................................
Denmark....................................................................................................
Finland
France,
Germany
Ireland.
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain...
Sweden
Switzerland
United Kingdom
Other.........................................................................................................
Latin America and Other Western Hemisphere.......................................
South and Central America......................................................................
Brazil.....................................................................................................
Mexico
Panama .
Venezuela
Othei
Other Western Hemisphere......................................................................
Bahamas
Bermuda................................................................................................
Netherlands Antilles.............................................................................
United Kingdom Islands, Caribbean.....................................................
Other.....................................................................................................
South Africa...............................................................................................
Other.........................................................................................................
Middle East..................................................................................................
Israel....
Kuwait..
Lebanon
Saudi Arabia
United Arab Emirates
Other...
Asia and Pacific...........................................................................................
Australia.....................................................................................................
China...
Hong Kong
Indonesia
Japan...
Korea, Republic of.....................................................................................
Malaysia....................................................................................................
New Zealand
Philippines
,
Singapore
Taiwan.
Other...
United States...............................................................................................
Addenda:
European Union (15)1...............................................................................
OPEC2......................................................................................................
Total assets
Gross
property,
plant, and
equipment
Expendi
tures for
property,
plant, and
equipment
(1)
(2)
(3)
5,466,000
385,328
3,732,776
4,622
40,370
13,888
16,729
534,536
687,828
23,899
36,919
745
7,446
620,025
7,748
7,872
65,477
818,244
841,184
5,245
250,890
47,577
2,939
29,957
1,750
11,815
1,116
203,314
1,160
149,960
7,557
44,411
226
8,145
7,034
1,111
25,621
3,961
1,872
1,259
13,604
2,880
2,046
656,210
68,610
1,500
9,040
208
536,435
14,742
1,706
678
285
6,207
15,077
1,723
407,029
1,200,064
104,356
725,027
1,717
11,146
3,227
8,197
84,818
180,205
10,577
12,060
452
3,108
96,317
3,010
2,594
14,590
41,239
249,271
2,499
2,903,404
31,268
Sales
Net income
Gross
product
Compensa
tion of
employees
(4)
(5)
(6)
(7)
U.S. exports
of goods
shipped by
affiliates
U.S. imports
of goods
shipped to
affiliates
(8)
(9)
(10)
6,371.9
562.2
369,488
16,596
145,454
709
1,096
966
2,650
19,154
55,981
205
4,107
291
1,692
16,496
1,371
773
4,171
8,461
26,366
965
18,547
14,902
2,532
3,409
64
(D)
(D)
3,646
34
1,937
111
1,555
8
254
247
7
7,801
(D)
7
4
(D)
55
150
179,590
1,328
308
1,555
33
153,342
19,253
21
714
44
607
2,356
29
1,245
134,383
14,754
68,353
25,634
1,722
12,738
1,253
9,453
469
42,719
692
31,794
4,317
5,774
143
3,455
2,931
523
19,376
1,096
1,756
1,225
11,830
2,424
1,044
241,133
19,261
776
5,698
133
189,660
6,977
918
97
192
4,593
11,504
1,324
38,364
144,139
10,270
86,615
191
911
380
746
10,505
25,874
616
1,176
41
235
9,274
308
199
1,674
4,458
29,838
188
9,978
2,186
163
1,287
87
582
67
7,792
(D)
5,832
(D)
920
(D)
257
227
29
1,512
143
122
85
778
235
150
29,684
3,013
60
610
22
23,678
825
79
10
18
380
940
50
5,823
2,354,136
156,413
1,389,403
3,363
25,410
7,171
18,139
188,096
313,897
17,656
22,967
956
4,240
244,594
9,689
4,679
41,001
127,686
353,895
5,966
138,681
64,180
6,093
29,809
1,194
25,635
1,449
74,501
973
57,834
(D)
(D)
(D)
5,559
5,297
262
32,251
2,876
624
754
25,585
569
1,842
576,886
31,243
2,126
7,713
202
481,598
31,420
1,261
1,506
136
5,164
13,341
1,177
54,944
-42,902
-18,848
-18,654
-407
230
-122
-541
-5,085
-12,786
-48
-779
-3
308
1,964
-159
-328
-852
-4,425
4,474
-96
-7,725
-89
-16
-825
-9
794
-34
-7,635
-348
-7,353
(D)
(D)
(D)
22
39
-16
928
-383
48
106
1,106
97
-46
-5,424
-3,601
-16
-51
18
99
-642
-79
-47
8
-346
-711
-55
6,798
486,553
34,648
308,241
500
6,226
1,300
3,540
39,975
50,180
5,762
5,138
276
1,029
44,685
1,477
769
10,494
36,080
100,338
472
33,724
13,893
497
6,303
510
6,445
138
19,831
277
14,079
3,383
2,002
91
1,126
1,090
37
8,819
412
220
307
6,782
320
778
87,368
8,251
417
1,462
54
71,663
1,723
348
80
35
891
2,156
288
12,627
350,575
30,818
230,967
701
4,080
1,124
2,899
33,733
50,147
3,774
4,220
212
342
26,520
1,330
730
9,070
33,427
58,283
374
23,812
6,086
314
4,530
443
676
122
17,727
241
13,856
1,971
1,614
45
750
711
39
2,599
583
50
161
1,045
77
684
56,428
4,767
331
854
21
46,390
1,165
322
80
17
901
1,328
251
5,200
4,251.0
12.8
145.6
17.9
48.7
578.6
734.8
66.9
101.3
3.6
8.7
571.9
20.8
14.8
248.8
546.8
1,120.7
8.2
456.3
166.1
5.1
143.8
6.6
7.7
2.9
290.1
6.4
225.4
22.6
34.8
0.9
11.0
10.0
1.1
48.2
9.3
1.3
3.6
17.9
1.8
14.2
965.1
80.4
5.9
20.8
0.7
786.8
15.7
5.8
1.7
0.5
16.1
23.8
6.9
78.1
163,641
9,497
86,263
328
580
474
1,527
16,011
30,173
662
1,503
75
458
6,717
451
175
3,866
7,216
15,985
62
10,587
3,255
(D)
(D)
127
343
127
7,332
22
6,293
(D)
(D)
8
639
589
50
846
293
(D)
8
(D)
81
80
54,017
1,715
797
217
5
43,725
5,779
62
60
3
271
1,369
14
1,792
679,725
25,735
81,739
1,760
1,246,772
52,829
-14,036
2,052
270,131
13,856
195,786
1,903
3,676.1
29.8
78,467
813
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, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom.
Millions of dollars
Thousands
of
employees
2. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Indonesia, Iran, Iraq, Kuwait,
Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
N ote. Estimates for 2001 are preliminary.
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mlari.a.m..Gs.grfg j»nd
fteol ftDP:
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a Internation al (nv««;tmonl
Position
( R « l» n * d t 6 /2 6 /0 9 ]
0 Direct In v estm en t
tosflnfll. itttvmu
+ 0 .3 % in May 2 0 0 3
“ M ors ...
In d u s t r y
«> .Input-O utput A ccou n ts
■ GDP by Industry
« Capital Flow
■ T ravel and Tourism
6 /2 7 /2 0 0 3 )
S e r v ic e s ;
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[R e le a se d ; 7/11/03]
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to $ 1 3 6 .1 billion in Q1 2 0 0 3
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August 2003
58
State Personal Incom e: First Q uarter 2003 and Revised
2002
By G. Andrew Bernat, Jr., Robert L. Brown, and John R. Kort
ERSONAL income growth accelerated in 39 states
in the first quarter of 2003, up from the fourth
quarter of 2002, when 32 states and the District of Co
lumbia had faster growth, and substantially higher
than in the third quarter of 2002, when only 10 states
had faster growth.1 Six of the ten fastest growing states
were in the Plains or the Rocky M ountain regions
(chart 1). In 8 of the 10 fastest growing states, growth
was particularly rapid in natural resources and mining.
Personal income for the Nation grew 0.9 percent in
the first quarter, up from increases of 0.6 percent in the
P
1. Estimates o f personal income are only available in current dollars. Per
cent changes from the preceding quarter are expressed at quarterly rates.
fourth quarter and 0.5 percent in the third quarter (ta
ble A). The first-quarter increase reflected an accelera
tion in net earnings that was partly offset by a
downturn in property income (dividends, interest, and
rent). Transfer payments grew at the same rate as in the
fourth quarter.
This article presents preliminary estimates of state
personal income for the first quarter of 2003 and re
vised estimates for each quarter of 2002. Additional es
timates are provided in four tables at the end of the
article. In table 4, the quarterly estimates of earnings
by industry are presented on the basis of the N orth
American Industry Classification System for the first
time.
Chart 1. Personal Income: Percent Change 2002:1V—2003:1
percent
U.S. Bureau of Economic Analysis
August 2003
S urvey
of
59
C u r r e n t B u s in e s s
Personal income growth by com ponent
Net earnings for the Nation grew 1.1 percent in the
first quarter, up from increases of 0.7 percent in the
fourth quarter and 0.6 percent in the third quarter (ta
ble B). Net earnings increased in all states, and 34
states and the District of Columbia recorded faster
growth in the first quarter than in the fourth. In con
trast, net earnings had accelerated in only 25 states in
the fourth quarter.
Transfer payments grew 1.6 percent, the same rate
as in the fourth quarter. Growth in transfer payments
picked up in 33 states, compared with 42 states in the
Table A. Personal Income, by State and Region, 2002:1-2003:1
[Millions of dollars, seasonally adjusted at annual rates]
2002
I'
United States.....................................................
New England
Connecticut.................................................
Maine..........................................................
Massachusetts............................................
New Hampshire...........................................
Rhode Island...............................................
Vermont.......................................................
Mideast
Delaware.....................................................
District of Columbia....................................
Maryland.....................................................
New Jersey.................................................
New Mark.....................................................
Pennsylvania...............................................
Great Lakes
Illinois..........................................................
Indiana........................................................
Michigan
Ohio
Wisconsin
Plains
Iowa.............................................................
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama......................................................
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina.............................................
South Carolina............................................
Tennessee...................................................
Virginia........................................................
West Virginia...............................................
Southwest
Arizona........................................................
New Mexico.................................................
Oklahoma....................................................
Texas...........................................................
Rocky Mountain
Colorado.....................................................
Idaho...........................................................
Montana......................................................
Utah............................................................
Wyoming.....................................................
Far West
Alaska.........................................................
California.....................................................
Hawaii.........................................................
Nevada........................................................
Oregon........................................................
Washington.................................................
BEA regions
New England...................................................
Mideast
Great Lakes
Plains,
Southeast
Southwest
Rocky Mountain
Far West
III'
IV '
I"
Percent change from preceding quarter1
2002:ll
2002:lll
2002: IV
2003:1
Rank
2002: IV2003:1
8,772,204
8,881,691
8,927,635
8,982,839
9,066,660
1.2
0.5
0.6
0.9
147,269
35,481
247,765
43,055
32,779
17,900
148,249
35,858
252,257
43,865
33,202
18,093
148,840
36,141
251,714
43,847
33,467
18,238
148,486
36,483
252,127
44,047
33,659
18,439
149,514
36,908
253,786
44,447
34,129
18,733
0.7
1.1
1.8
1.9
1.3
1.1
0.4
0.8
-0.2
0.0
0.8
0.8
-0.2
0.9
0.2
0.5
0.6
1.1
0.7
1.2
0.7
0.9
1.4
1.6
45
18
46
33
12
8
25,929
24,204
194,304
337,578
676,590
386,067
26,090
24,677
196,862
338,845
686,279
389,692
26,175
24,768
198,005
341,099
685,909
392,285
26,143
25,393
199,454
342,035
687,503
394,198
26,418
25,475
202,136
344,653
691,855
397,745
0.6
2.0
1.3
0.4
1.4
0.9
0.3
0.4
0.6
0.7
-0.1
0.7
-0.1
25
0.7
0.3
0.2
0.5
1.1
03
1.3
0.8
0.6
0.9
24
13
41
47
34
415,157
171,072
295,932
330,130
160,906
420,863
173,169
304,930
334,343
162,839
420,922
174,777
306,682
336,601
163,937
422,491
176,538
307,437
338,255
165,182
426,906
178,427
309,724
340,769
166,801
1.4
1.2
3.0
1.3
1.2
0.0
0.9
0.6
0.7
0.7
0.4
1.0
0.2
0.5
0.8
1.0
1.1
0.7
0.7
1.0
25
22
42
43
27
81,814
77,875
167,189
161,919
50,408
16,787
20,043
82,375
77,967
169,755
162,979
50,774
16,608
20,095
82,803
78,418
171,656
164,041
51,397
16,931
20,466
83,577
79,028
171,969
165,471
51,767
17,059
20,660
84,623
80,467
173,557
166,322
53,094
17,875
21,518
0.7
0.1
1.5
0.7
0.7
-1.1
0.3
0.5
0.6
1.1
0.7
1.2
1.9
1.8
0.9
0.8
0.2
0.9
0.7
0.8
0.9
1.3
1.8
0.9
0.5
2.6
4.8
4.2
17
6
31
50
3
1
2
111,057
62,408
485,611
243,028
103,365
112,155
63,376
227,740
102,912
156,391
234,661
42,198
112,093
63,291
493,048
245,628
104,583
113,505
63,990
228,855
104,156
158,810
238,366
42,467
113,036
63,686
495,859
246,123
105,556
113,982
64,523
229,994
104,718
159,256
239,670
42,689
114,183
64,464
501,588
248,050
106,548
115,257
65,077
230,836
105,420
160,411
240,605
42,944
115,455
65,545
506,154
251,170
107,703
116,381
66,274
233,200
106,015
161,695
243,637
43,492
0.9
1.4
1.5
1.1
1.2
1.2
1.0
0.5
1.2
1.5
1.6
0.6
0.8
0.6
0.6
0.2
0.9
0.4
0.8
0.5
0.5
0.3
0.5
0.5
1.0
1.2
1.2
0.8
0.9
1.1
0.9
0.4
0.7
0.7
0.4
0.6
1.1
1.7
0.9
1.3
1.1
1.0
1.8
1.0
0.6
0.8
1.3
1.3
20
7
32
16
21
28
5
26
49
39
15
14
140,528
43,677
86,961
611,202
142,215
44,098
87,622
618,643
143,274
44,438
88,168
620,373
144,881
45,193
88,522
624,021
146,119
45,676
89,302
629,962
1.2
1.0
0.8
1.2
0.7
0.8
0.6
0.3
1.1
1.7
0.4
0.6
0.9
1.1
0.9
1.0
36
23
35
30
147,880
33,294
22,270
55,522
14,996
149,421
33,221
22,490
55,771
15,095
149,961
33,695
22,862
55,952
15,271
150,665
34,129
22,979
56,568
15,469
151,774
34,638
23,333
57,108
15,688
1.0
-0.2
1.0
0.4
0.7
0.4
1.4
1.7
0.3
1.2
0.5
1.3
0.5
1.1
1.3
0.7
1.5
1.5
1.0
1.4
44
10
9
29
11
20,091
1,138,401
36,757
64,384
98,842
194,342
20,273
1,152,672
37,244
65,121
100,211
198,138
20,607
1,160,385
37,570
65,891
100,896
200,086
20,898
1,169,530
38,016
66,889
101,974
200,319
21,136
1,178,715
38,773
67,429
102,835
201,570
0.9
1.3
1.3
1.1
1.4
2.0
1.6
0.7
0.9
1.2
0.7
1.0
1.4
0.8
1.2
1.5
1.1
0.1
1.1
0.8
2.0
0.8
0.8
0.6
19
40
4
38
37
48
524,249
1,644,672
1,373,198
576,036
1,944,902
882,369
273,963
1,552,816
531,524
1,662,445
1,396,144
580,552
1,968,792
892,577
275,997
1,573,659
532,245
1,668,240
1,402,919
585,711
1,979,094
896,253
277,739
1,585,435
533,241
1,674,725
1,409,904
589,532
1,995,385
902,617
279,810
1,597,627
537,516
1,688,282
1,422,627
597,455
2,016,722
911,058
282,541
1,610,458
1.4
1.1
1.7
0.8
1.2
1.2
0.7
1.3
0.1
0.3
0.5
0.9
0.5
0.4
0.6
0.7
0.2
0.4
0.5
0.7
0.8
0.7
0.7
0.8
0.8
0.8
0.9
1.3
1.1
0.9
1.0
0.8
r Revised.
'’ Preliminary.
1. Percent changes are expressed at quarterly rates.
N ote: Estimates may not add to totals because of rounding.
IIr
2003
60
State Personal Income
fourth quarter. Unemployment benefit payments, the
m ost volatile component of transfer payments, de
clined 3.5 percent nationally, but they grew substan
tially in a few states— notably N orth Dakota, Montana,
and Maine. Together, all other transfer payments grew
1.9 percent nationally.
August 2003
Property income declined 0.1 percent nationally,
compared with declines of 0.4 percent in the fourth
quarter and 0.2 percent in the third quarter. A 1.7-per
cent growth in dividends was more than offset by de
clines in interest and rental income.
Table B. Personal Income by Component, by State and Region, 2002:1V—2003:1
Percent change
Dividends, Transfer
interest,
and rent payments
Percent
change in
personal
income
Contribution to percent change
in personal income
(percentage points)
Dividends,
interest,
and rent
Dollar change (millions)
Dividends,
interest,
and rent
Personal
income
Net
earnings1
0.9
1.1
-0.1
1.6
0.9
0.71
-0.02
0.24
83,820
63,606
-1,487
21,701
0.7
1.2
0.7
0.9
1.4
1.6
0.7
0.9
0.7
1.0
1.3
1.4
-0.1
0.0
-0.1
-0.3
-0.2
0.1
1.7
3.4
1.4
2.3
3.4
4.4
0.7
1.2
0.7
0.9
1.4
1.6
0.51
0.56
0.48
0.70
0.79
0.88
-0.03
0.00
-0.01
-0.05
-0.04
0.02
0.21
0.60
0.19
0.26
0.64
0.70
1,028
425
1,659
401
470
294
760
204
1,221
306
267
161
-38
1
-38
-22
-13
3
305
220
476
116
217
129
1.1
0.3
1.3
0.8
0.6
0.9
1.0
0.4
1.6
0.8
0.7
0.8
-0.2
-0.2
-0.1
0.0
0.0
-0.2
3.2
0.7
2.1
1.6
1.1
2.5
1.1
0.3
1.3
0.8
0.6
0.9
0.65
0.28
1.13
0.58
0.45
0.49
-0.04
-0.04
-0.02
-0.01
0.00
-0.03
0.44
0.08
0.23
0.20
0.18
0.44
275
82
2,682
2,618
4,353
3,547
169
72
2,263
1,971
3,115
1,947
-10
-11
-32
-27
-31
-116
116
21
451
673
1,269
1,716
1.0
1.1
0.7
0.7
1.0
1.2
0.8
0.4
0.7
0.7
0.0
0.1
0.0
-0.2
0.0
1.7
3.5
3.2
2.1
3.7
1.0
1.1
0.7
0.7
1.0
0.83
0.52
0.24
0.45
0.46
0.01
0.02
0.00
-0.03
0.00
0.21
0.53
0.51
0.33
0.52
4,416
1,888
2,286
2,515
1,619
3,520
919
729
1,508
766
28
40
1
-115
-7
867
929
1,556
1,122
859
1.3
1.8
0.9
0.5
2.6
4.8
4.2
1.1
2.2
0.7
0.3
3.4
6.6
6.0
0.0
0.1
0.2
-0.2
0.2
0.0
0.2
3.5
2.4
3.3
2.0
2.5
4.0
2.6
1.3
1.8
0.9
0.5
2.6
4.8
4.2
0.73
1.46
0.48
0.22
2.17
4.10
3.72
0.01
0.01
0.04
-0.03
0.04
0.01
0.04
0.51
0.35
0.41
0.32
0.35
0.67
0.39
1,046
1,439
1,588
851
1,326
815
858
613
1,153
823
368
1,123
700
768
7
9
62
-55
23
1
9
427
277
702
537
180
114
81
1.1
1.7
0.9
1.3
1.1
1.0
1.8
1.0
0.6
0.8
1.3
1.3
1.3
2.1
1.1
1.6
1.0
1.0
2.2
1.5
0.3
0.7
1.5
1.3
-0.2
-0.1
0.0
0.0
0.0
-0.1
0.0
-0.2
-0.1
-0.5
-0.3
-0.3
1.7
1.9
1.4
1.1
2.5
1.8
2.1
0.7
2.3
2.2
2.0
2.4
1.1
1.7
0.9
1.3
1.1
1.0
1.8
1.0
0.6
0.8
1.3
1.3
0.83
1.30
0.67
1.12
0.62
0.62
1.39
0.96
0.19
0.49
1.08
0.74
-0.03
-0.01
0.01
-0.01
0.00
-0.01
0.00
-0.04
-0.02
-0.08
-0.05
-0.05
0.31
0.39
0.23
0.14
0.47
0.36
0.45
0.11
0.40
0.39
0.22
0.58
1,272
1,081
4,566
3,119
1,155
1,124
1,197
2,364
595
1,284
3,033
548
952
841
3,373
2,779
662
714
903
2,212
201
782
2,611
318
-37
-9
45
-18
-4
-10
1
-95
-23
-121
-113
-20
356
249
1,149
359
496
420
293
247
417
623
535
250
0.9
1.1
0.9
1.0
0.9
1.0
0.9
1.2
-0.1
-0.1
-0.1
-0.2
2.0
2.4
1.8
1.1
0.9
1.1
0.9
1.0
0.58
0.67
0.57
0.84
-0.03
-0.02
-0.01
-0.03
0.30
0.41
0.32
0.14
1,238
483
780
5,941
842
305
507
5,268
^10
-9
-8
-173
436
187
281
846
0.7
1.5
1.5
1.0
1.4
0.9
1.3
1.6
1.0
1.6
0.0
0.0
0.0
-0.2
0.4
1.1
4.1
3.3
2.1
2.7
0.7
1.5
1.5
1.0
1.4
0.63
0.87
1.00
0.74
0.99
0.00
0.01
-0.01
-0.03
0.09
0.10
0.61
0.54
0.25
0.34
1,109
509
353
540
219
950
298
230
418
153
1
3
-2
-19
14
158
208
125
141
52
1.1
0.8
2.0
0.8
0.8
0.6
1.0
1.2
2.6
1.0
1.1
0.8
-0.1
-0.2
-0.1
-0.2
-0.1
-0.2
3.0
-0.1
1.5
1.6
1.0
0.8
1.1
0.8
2.0
0.8
0.8
0.6
0.65
0.83
1.82
0.68
0.72
0.54
-0.01
-0.03
-0.01
-0.05
-0.03
-0.03
0.50
-0.01
0.18
0.18
0.16
0.11
238
9,185
757
540
860
1,251
136
9,743
693
455
730
1,084
-2
-388
-5
-33
-31
-60
105
-169
69
118
162
227
0.8
0.8
0.9
1.3
1.1
0.9
1.0
0.8
0.8
0.9
0.8
1.4
1.3
1.1
1.0
1.2
-0.1
-0.1
0.0
0.0
-0.1
-0.2
0.0
-0.2
2.0
1.7
2.6
2.7
1.7
1.4
2.1
0.2
0.8
0.8
0.9
1.3
1.1
0.9
1.0
0.8
0.55
0.57
0.53
0.94
0.82
0.77
0.73
0.80
-0.02
-0.01
0.00
0.01
-0.02
-0.03
0.00
-0.03
0.27
0.25
0.38
0.39
0.27
0.19
0.24
0.03
4,276
13,557
12,724
7,923
21,337
8,441
2,731
12,831
2,919
9,537
7,442
5,548
16,348
6,922
2,050
12,840
-106
-228
-53
57
-405
-230
-2
-520
1,464
4,247
5,334
2,318
5,394
1,749
684
511
United States......................................................
New England
Connecticut.................................................
Maine...........................................................
Massachusetts............................................
New Hampshire...........................................
Rhode Island...............................................
Vermont.......................................................
Mideast
Delaware.....................................................
District of Columbia.....................................
Maryland.....................................................
New Jersey..................................................
New York.....................................................
Pennsylvania...............................................
Great Lakes
Illinois..........................................................
Indiana.........................................................
Michigan......................................................
Ohio.............................................................
Wisconsin....................................................
Plains
Iowa.............................................................
Kansas........................................................
Minnesota....................................................
Missouri.......................................................
Nebraska.....................................................
North Dakota...............................................
South Dakota...............................................
Southeast
Alabama......................................................
Arkansas.....................................................
Florida
Georgia........................................................
Kentucky
Louisiana
Mississippi
North Carolina.............................................
South Carolina.............................................
Tennessee
Virginia........................................................
West Virginia...............................................
Southwest
Arizona........................................................
New Mexico.................................................
Oklahoma....................................................
Texas ...........................................................
Rocky Mountain
Colorado......................................................
Idaho...........................................................
Montana......................................................
Utah.............................................................
Wyoming......................................................
Far West
Alaska..........................................................
California.....................................................
Hawaii..........................................................
Nevada........................................................
Oregon........................................................
Washington..................................................
BEA regions
New England...................................................
Mideast............................................................
Great Lakes
Plains
Southeast
Southwest
Rocky Mountain
Far West..........................................................
Net
earnings1
Transfer
payments
Personal
income
Net earnings1
Transfer
payments
1. Net earnings is earnings by place of work— the sum ot wage and salary disbursements (payrolls), other labor income, and proprietors' income— less personal contributions tor social insurance plus an adjustment to convert earnings by place ot
work to a place-of-residence basis.
N ote:
Estimates may not add to totals because of rounding.
August 2003
S urvey
of
61
C u r r e n t B u s in e s s
Earnings growth by industry
Nationally, earnings grew in every industry except durable-goods manufacturing and information (table C).
Government accounted for 0.32 percentage point of
the 1.1-percent growth in earnings in the first quarter
(table D). Education and health services, financial ac
tivities, and professional and business services together
accounted for 0.47 percentage point of the growth in
earnings. By state, earnings growth in government
contributed the most to personal income growth in 25
states and the District of Columbia. Earnings growth
in natural resources and mining, primarily farming,
Table C. Earnings by Major Industry, by State and Region, 2002:IV—2003:1
[Percent change]
Earnings by industry
Earnings by
place of
work1
United States....................
New England
Connecticut.................
Maine..........................
Massachusetts...........
New Hampshire..........
Rhode Island..............
Vermont......................
Mideast
Delaware....................
District of Columbia....
Maryland....................
New Jersey.................
New York....................
Pennsylvania..............
Great Lakes
Illinois.........................
Indiana.......................
Michigan......................
Ohio............................
Wisconsin...................
Plains
Iowa.............................
Kansas.......................
Minnesota....................
Missouri.......................
Nebraska....................
North Dakota..............
South Dakota..............
Southeast
Alabama.....................
Arkansas....................
Florida.........................
Georgia.......................
Kentucky......................
Louisiana....................
Mississippi...................
North Carolina............
South Carolina...........
Tennessee...................
Virginia........................
West Virginia..............
Southwest
Arizona.......................
New Mexico................
Oklahoma...................
Texas...........................
Rocky Mountain
Colorado.....................
Idaho...........................
Montana.....................
Utah.............................
Wyoming....................
Far West
Alaska.........................
California....................
Hawaii.........................
Nevada.......................
Oregon.......................
Washington................
BEA regions
New England..................
Mideast............................
Great Lakes.....................
Plains...............................
Southeast........................
Southwest........................
Rocky Mountain..............
Far West.........................
Durable
Nondur
Natural
goods
able goods
resources Construction
manufactur manufactur
and mining
ing
ing
Trade
Transporta
tion and
utilities
Information
Professional
and business
services
Education
and health
services
Leisure and
hospitality
Other
services
Government
1.1
5.3
1.4
-0.2
0.6
0.3
0.8
-0.3
1.6
0.9
1.7
0.3
0.8
1.9
0.8
0.9
0.7
1.1
1.4
1.5
4.1
2.5
-0.6
-0.7
1.8
-9.8
-0.3
1.0
-0.3
2.5
2.6
4.9
-0.6
-0.5
-0.3
-2.6
-0.1
-0.6
0.4
-2.9
1.3
0.0
0.6
1.5
0.5
0.1
0.7
-0.3
0.9
1.1
1.4
-0.2
0.8
0.9
3.1
3.4
0.6
0.1
-0.4
-0.8
1.4
1.2
1.2
0.8
1.8
1.6
1.8
1.1
0.9
0.9
0.0
1.9
0.5
0.1
1.4
2.0
1.8
2.3
2.2
1.9
0.0
0.4
1.1
0.9
0.3
-0.2
1.0
1.1
1.3
1.9
2.0
2.6
1.1
2.6
0.8
3.8
1.6
3.3
0.9
2.1
1.5
0.9
0.7
0.8
109.2
-15.1
6.9
6.4
-2.0
-3.2
0.1
-4.0
0.0
1.9
1.6
1.4
-8.6
-2.1
0.2
0.7
-1.3
-0.7
-1.0
-2.2
2.6
0.9
0.2
-0.1
1.2
-0.2
1.0
0.0
0.7
-0.1
2.3
-0.9
0.6
0.8
1.5
0.0
0.5
1.8
0.4
1.8
1.3
1.5
1.7
1.0
2.5
1.6
0.9
0.2
0.0
1.6
0.3
2.1
1.5
1.6
2.1
-1.0
0.9
0.2
-2.0
0.3
0.0
-1.9
0.3
0.5
0.9
-0.9
3.0
1.7
1.2
1.2
0.4
4.8
1.8
1.5
1.2
2.1
1.3
0.8
0.4
0.7
0.8
15.5
27.2
-19.1
6.1
-30.3
3.4
0.9
2.4
-0.1
-3.1
0.9
0.3
-1.1
-0.7
0.4
0.3
1.0
1.4
1.5
2.3
0.6
-0.1
0.0
-0.2
1.6
0.2
1.8
0.8
1.0
2.4
0.6
0.3
1.5
0.1
0.9
1.7
2.0
1.0
1.6
1.7
2.1
-1.9
0.5
1.1
1.6
1.8
1.6
1.9
1.8
2.1
-1.3
-1.4
0.7
0.1
0.9
-1.1
0.6
0.1
0.0
2.9
0.6
1.4
0.6
1.1
-0.1
1.1
2.3
0.8
0.3
3.2
6.0
5.6
5.4
49.1
-15.4
-7.1
56.8
111.6
137.0
1.4
2.6
1.3
1.5
2.9
-0.2
0.2
0.6
-0.4
0.7
-0.4
-0.6
1.8
0.1
0.3
1.1
1.6
0.6
0.8
0.0
2.2
0.8
0.9
-0.5
0.1
0.5
0.3
-0.1
0.3
1.7
0.5
-0.1
-0.1
0.0
1.8
0.5
0.4
0.6
0.1
-0.3
3.3
1.2
1.3
2.0
0.7
2.0
3.8
3.2
2.1
0.2
0.7
1.0
-1.0
0.8
0.9
0.8
1.7
2.0
3.8
-0.3
1.7
2.4
1.5
0.3
0.0
1.1
1.5
-1.7
0.4
0.3
1.3
0.1
0.3
1.6
-0.1
0.9
2.3
1.4
2.9
0.6
1.1
2.1
2.2
1.1
1.3
2.0
1.2
1.6
1.1
1.0
2.2
1.5
0.3
0.8
1.4
1.3
26.5
3.1
13.5
-8.2
-0.3
44.8
18.7
-1.7
-35.1
-6.5
-1.5
(2)
1.9
0.5
0.8
4.0
3.4
0.3
1.3
-1.0
0.2
-0.8
-1.2
8.0
-0.1
0.4
0.3
0.6
1.4
-0.2
-0.2
-0.6
-2.7
0.1
1.5
-1.6
0.9
1.5
-0.6
-1.3
0.2
0.2
1.0
-0.2
-0.1
0.5
-0.1
-0.5
0.7
0.1
0.3
0.7
0.1
1.8
1.0
0.9
-0.5
0.0
0.4
1.3
-0.4
1.9
0.1
1.4
1.7
1.0
2.2
0.9
0.8
-0.5
0.2
0.3
1.8
0.8
0.9
-0.3
0.7
-1.3
0.5
0.5
1.4
2.0
0.2
0.3
-1.1
2.8
-1.2
1.3
1.2
2.6
2.2
2.2
1.3
2.0
1.8
2.2
1.2
1.2
0.4
2.7
1.4
1.8
(2)
3.5
-1.1
1.3
1.6
1.5
1.1
1.8
1.3
2.4
0.7
1.6
2.0
0.0
2.0
1.6
1.5
0.8
0.1
1.0
2.9
0.2
-1.0
0.2
-1.0
0.9
-0.7
1.5
1.4
0.5
1.4
0.8
-0.8
0.7
1.3
0.2
0.5
0.7
1.4
1.6
2.0
1.8
2.8
2.5
2.0
1.6
2.3
2.7
2.7
2.6
3.6
1.0
0.9
1.1
0.9
1.2
-5.4
-2.3
-2.6
1.3
2.5
2.8
2.7
2.1
-0.4
0.4
-0.5
0.2
0.9
-0.2
1.1
1.4
0.4
1.3
-0.2
0.1
2.3
-1.6
3.0
0.3
0.0
0.9
-1.6
0.1
1.4
2.3
1.2
1.4
0.5
-0.9
1.8
1.0
2.4
2.6
0.6
2.5
0.6
0.9
-0.3
0.2
1.2
1.9
2.0
0.7
1.0
1.8
2.1
2.3
0.9
1.3
1.6
1.1
1.6
8.3
9.2
27.0
3.2
4.9
0.1
2.0
1.2
-2.0
2.7
-1.9
-2.6
0.7
-1.2
1.0
0.7
-1.5
0.4
1.6
-2.4
-0.3
-0.4
-0.5
0.0
0.9
0.4
0.4
0.0
1.0
0.2
-0.5
2.6
4.6
(2)
0.3
1.6
0.4
1.4
-1.3
1.0
2.1
1.3
1.3
0.9
1.7
1.4
0.2
0.0
0.6
-0.8
-1.0
0.0
1.7
(2)
3.0
2.1
0.6
2.5
1.5
2.0
1.8
-0.5
2.1
1.9
1.0
1.3
2.7
1.0
1.2
0.8
(2)
-0.3
2.8
4.0
1.8
-1.5
1.2
(2)
0.9
0.6
1.3
1.3
0.6
1.1
-2.9
-0.4
0.4
-1.8
0.0
-3.7
1.4
1.6
1.1
1.5
2.4
1.5
-0.5
1.2
1.3
-0.7
1.0
1.4
1.2
1.2
3.1
2.4
2.3
2.0
-0.8
0.9
0.7
1.2
0.5
0.0
1.2
0.8
1.0
0.4
0.0
0.7
0.3
1.6
1.5
1.6
1.6
1.6
1.4
2.6
1.6
0.4
0.6
1.1
0.2
1.3
0.9
0.6
1.1
1.8
1.7
1.8
1.8
1.6
2.3
1.2
1.5
0.8
0.9
0.8
1.4
1.3
1.1
1.1
1.2
7.5
0.5
-5.0
11.6
8.5
0.1
-2.7
2.9
26.0
(2)
0.3
9.2
(2)
0.4
1.3
1.3
1.6
0.9
2.3
0.2
2.3
1.8
0.2
-0.9
-0.5
-0.9
0.6
(2)
1.1
0.4
0.6
0.6
0.6
0.2
-0.6
-0.7
-0.2
0.2
0.1
0.0
-1.7
-0.2
0.5
0.4
1.2
1.0
-0.1
1.3
0.4
1.0
0.5
0.4
0.3
0.2
0.5
0.2
-0.2
0.4
(2)
-0.1
(2)
1.2
1. Earnings by place of work Is the sum of wage and salary disbursements (payrolls), other labor Income, and proprietors’ income.
2. Data are suppressed to avoid disclosure of confidential information.
Financial
activities
(2)
(2)
0.7
(2)
0.7
(2)
(2)
(2)
(2)
0.0
(2)
-1.0
(2)
0.6
(2)
-0.3
0.7
(2)
0.3
1.1
0.8
<2)
(2)
2.5
2.1
5.2
2.0
1.2
1.7
1.4
1.3
0.1
0.8
0.9
0.9
1.4
1.9
0.8
1.4
2.6
2.1
1.8
0.7
0.8
1.4
2.2
1.6
f)
2
2.1
62
August 2003
State Personal Income
was the largest contributor in 13 states; fast growth in
farm earnings was particularly im portant in the Plains
states— notably N orth Dakota, South Dakota, Ne
braska, and Kansas, all of which were among the 10
fastest growing states. Education and health services
was the leading growth industry in six states. In the re
maining six states, growth was led either by financial
activities, by construction, or by professional and busi
ness services.
New industry classification system. The quarterly
state personal income estimates presented in this arti
cle are organized, for the first time, on the basis of the
Table D. Contributions to Percent Change in Earnings, by State and Region, 2002:1V—2003:1
Percentage points
Percent
change in
earnings by
place of
work1
United States.....................
New England
Connecticut...............
Maine..........................
Massachusetts..........
New Hampshire.........
Rhode Island.............
Vermont......................
Mideast
Delaware....................
District of Columbia....
Maryland...................
New Jersey................
New York...................
Pennsylvania.............
Great Lakes
Illinois.........................
Indiana........................
Michigan.....................
Ohio............................
Wisconsin...................
Plains
Iowa............................
Kansas.......................
Minnesota..................
Missouri......................
Nebraska...................
North Dakota.............
South Dakota.............
Southeast
Alabama....................
Arkansas ...................
Florida.......................
Georgia.......................
Kentucky....................
Louisiana...................
Mississippi.................
North Carolina...........
South Carolina...........
Tennessee.................
Virginia.......................
West Virginia.............
Southwest
Arizona......................
New Mexico...............
Oklahoma..................
Texas..........................
Rocky Mountain
Colorado....................
Idaho.........................
Montana.....................
Utah............................
Wyoming....................
Far West
Alaska.........................
California...................
Hawaii.........................
Nevada.......................
Oregon.......................
Washington.................
BEA regions
New England..................
Mideast...........................
Great Lakes...................
Plains.............................
Southeast......................
Southwest......................
Rocky Mountain.............
Far West........................
Earnings by industry
Nondur
Durable
Natural
goods
able goods
resources Construction manufactur
manufactur
and mining
ing
ing
Trade
Transporta
tion and
utilities
Information
Professional
and business
services
Education
and health
services
Leisure
and
hospitality
Other
services
Government
1.1
0.09
0.09
-0.02
0.03
0.04
0.04
-0.01
0.14
0.14
0.19
0.02
0.02
0.32
0.8
0.9
0.7
1.1
1.4
1.5
0.01
0.04
0.00
0.00
0.01
-0.15
-0.02
0.06
-0.02
0.18
0.15
0.32
-0.06
-0.04
-0.03
-0.30
-0.01
-0.08
0.02
-0.18
0.04
0.00
0.03
0.05
0.06
0.02
0.07
-0.05
0.10
0.14
0.04
-0.01
0.02
0.02
0.10
0.13
0.02
0.00
-0.02
-0.02
0.05
0.03
0.21
0.06
0.23
0.13
0.18
0.07
0.15
0.10
0.00
0.23
0.06
0.01
0.17
0.31
0.27
0.31
0.37
0.29
0.00
0.02
0.04
0.05
0.01
-0.01
0.02
0.03
0.03
0.06
0.05
0.07
0.15
0.49
0.10
0.48
0.30
0.57
0.9
2.1
1.5
0.9
0.7
0.8
0.47
-0.49
0.03
0.02
-0.01
-0.03
0.01
-0.06
0.00
0.10
0.07
0.09
-0.41
0.00
0.01
0.03
-0.06
-0.06
-0.06
0.00
0.07
0.05
0.00
-0.01
0.13
0.00
0.11
-0.01
0.07
-0.01
0.07
-0.01
0.02
0.03
0.05
0.00
0.01
(2)
0.03
0.01
-0.13
0.01
0.22
0.02
0.15
0.14
0.29
0.14
0.21
0.63
0.26
0.17
0.03
0.00
0.17
0.03
0.24
0.16
0.20
0.32
-0.04
(2)
0.00
-0.07
0.01
0.02
0.02
-0.06
0.09
0.04
0.03
0.04
0.07
1.92
0.44
0.21
0.18
0.29
1.3
0.8
0.4
0.7
0.8
0.14
0.22
-0.12
0.04
-0.26
0.22
0.06
0.14
-0.01
-0.20
0.08
0.05
-0.20
-0.09
0.06
0.02
0.07
0.05
0.08
0.19
0.07
-0.01
0.00
-0.02
0.20
0.01
0.09
0.03
0.04
0.10
0.02
0.01
0.04
0.00
0.02
0.18
0.12
0.06
0.11
0.12
0.36
-0.17
0.08
0.14
0.17
0.19
0.19
0.20
0.21
0.26
-0.05
-0.06
0.02
0.01
0.03
-0.03
0.02
0.00
0.00
0.08
0.09
0.20
0.09
0.18
-0.02
1.1
2.3
0.8
0.3
3.2
6.0
5.6
0.24
0.97
-0.23
-0.05
2.03
4.65
4.67
0.09
0.16
0.08
0.10
0.20
-0.01
0.02
0.07
-0.04
0.07
-0.03
-0.03
0.09
0.01
0.02
0.06
0.08
0.03
0.05
0.00
0.07
0.10
0.12
-0.07
0.01
0.07
0.05
-0.01
0.02
0.08
0.02
0.00
-0.01
0.00
0.07
0.01
0.02
0.02
0.00
-0.01
0.09
0.02
0.12
0.14
0.07
0.15
0.30
0.20
0.17
0.02
0.08
0.15
-0.14
0.09
0.07
0.06
0.19
0.21
0.44
-0.04
0.19
0.34
0.22
0.01
0.00
0.04
0.07
-0.06
0.01
0.02
0.04
0.00
0.01
0.05
0.00
0.03
0.07
0.22
0.54
0.08
0.17
0.38
0.52
0.22
1.3
2.0
1.2
1.6
1.1
1.0
2.2
1.5
0.3
0.8
1.4
1.3
(2)
0.99
0.04
0.16
-0.26
-0.02
1.25
0.31
-0.02
-0.24
-0.06
-0.08
0.13
0.03
0.05
0.23
0.20
0.02
0.08
-0.06
0.01
-0.04
-0.08
0.46
-0.01
0.04
0.01
0.03
0.17
-0.01
-0.02
-0.05
-0.24
0.01
0.07
-0.11
0.06
0.12
-0.01
-0.08
0.01
0.01
0.05
-0.02
-0.01
0.03
0.00
-0.03
0.09
0.01
0.05
0.10
0.01
0.20
0.12
0.11
-0.06
-0.01
0.04
0.15
-0.02
0.13
0.00
0.08
0.10
0.06
0.11
(2)
0.14
-0.06
0.05
0.08
0.02
0.02
-0.02
0.02
0.01
0.04
0.01
(2)
0.02
-0.01
0.03
-0.03
0.09
0.06
0.17
0.10
0.14
0.04
0.08
0.14
0.00
0.14
0.10
0.07
0.05
0.05
0.23
0.30
0.01
0.03
-0.09
0.35
-0.13
0.17
0.24
0.22
0.23
0.25
0.15
0.18
0.21
0.24
0.12
0.12
0.04
0.36
0.12
0.26
(2)
0.03
0.01
0.04
0.12
0.01
-0.06
0.01
-0.05
0.05
-0.02
0.07
0.05
0.01
0.05
0.02
-0.02
0.02
0.04
0.01
0.01
0.02
0.04
0.05
0.42
0.32
0.47
0.43
0.39
0.34
0.53
0.52
0.56
0.37
0.89
0.24
0.9
1.1
0.9
1.2
-0.10
-0.12
-0.16
0.07
0.21
0.18
0.14
0.14
-0.04
0.02
-0.04
0.01
0.01
0.00
0.07
0.06
0.05
0.14
-0.02
0.02
0.09
-0.06
0.17
0.02
0.00
0.02
-0.05
0.01
0.14
0.11
0.07
0.12
0.08
-0.12
0.19
0.13
0.24
0.26
0.06
0.23
0.04
0.04
-0.01
0.01
0.03
0.05
0.06
0.02
0.18
0.54
0.46
0.37
0.9
1.3
1.6
1.1
1.6
0.18
0.58
1.33
0.05
0.69
0.01
0.18
0.09
-0.14
0.24
-0.11
-0.24
0.02
-0.09
0.02
0.01
-0.06
0.01
0.05
-0.06
-0.03
-0.05
-0.07
0.00
0.10
0.02
0.01
0.00
0.05
(2)
0.01
-0.01
0.06
0.16
(2)
0.28
0.11
0.03
0.19
0.07
0.05
0.21
0.04
0.19
-0.11
0.08
0.20
0.17
0.12
0.07
0.09
0.06
0.01
0.00
0.04
-0.02
-0.03
0.00
0.06
(2)
0.34
0.33
-0.11
0.42
0.47
1.0
1.3
2.7
1.0
1.2
0.8
(2)
0.12
0.01
-0.08
0.31
0.18
-0.03
0.18
0.26
0.21
-0.10
0.08
(2)
-0.01
(2)
0.05
0.02
-0.08
(2)
0.04
(2)
-0.01
-0.03
0.02
0.09
0.05
0.06
0.07
0.08
0.02
0.07
0.02
0.06
0.05
0.03
0.04
-0.08
-0.02
0.01
-0.04
0.00
-0.30
0.06
0.14
0.07
0.11
0.16
0.10
-0.04
0.21
0.16
-0.09
0.13
0.18
0.10
0.11
0.32
0.18
0.26
0.19
-0.04
0.05
0.07
0.25
0.02
0.00
(2)
0.02
0.02
0.03
0.06
0.04
0.81
0.35
1.60
0.30
0.20
0.34
0.8
0.9
0.8
1.4
1.3
1.1
1.1
1.2
0.00
-0.02
0.02
0.54
(2)
0.01
0.31
(2)
0.02
0.07
0.08
0.10
0.06
0.15
0.01
0.15
-0.06
-0.04
-0.03
0.02
0.00
0.00
-0.10
-0.01
0.02
0.02
0.07
0.05
0.00
0.05
0.01
0.03
0.06
0.04
0.04
0.02
0.06
0.02
-0.02
0.05
0.03
0.03
0.04
0.02
(2)
0.04
(2)
0.03
0.00
(2)
0.02
0.01
(2)
0.00
(2)
-0.06
0.20
0.20
0.12
0.14
0.11
0.12
0.21
0.13
0.07
0.10
0.16
0.03
0.18
0.11
0.09
0.18
0.26
0.22
0.20
0.21
0.18
0.22
0.11
0.14
0.03
(2)
-0.01
0.03
(2)
0.01
0.06
0.05
0.03
0.04
0.00
0.02
0.03
0.02
(2)
<2)
0.20
0.31
0.11
0.23
0.50
0.36
0.33
0.38
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and proprietors' income.
2. Data are suppressed to avoid disclosure of confidential information.
Financial
activities
August 2003
Survey
of
C
urrent
N orth American Industry Classification System
(NAICS) (2002 edition).2 At its most aggregate level,
NAICS groups industries into 20 sectors, but for pre
sentational purposes, BEA and other Federal statistical
agencies have adopted a higher level aggregation of
NAICS sectors for news releases and for some tables in
the Survey o f Current Business (for example, tables C
and D). Table E shows the groupings of the 20 NAICS
sectors, and chart 2 shows the contributions of each of
these groupings to total U.S. earnings for the first
quarter of 2003. The striking thing to note about chart
2 is that the goods-producing industries (those slices of
the pie “exploded” out— farm, other natural resources,
mining, construction, and m anufacturing) account for
only 20 percent of total U.S. earnings in the first quar
ter of 2003, while the services-providing industries (all
others in the chart) account for 80 percent. NAICS
moved a num ber of industries out of manufacturing
2. For a discussion o f NAICS and o f BEA’s implementation plans, see John
R. Kort, “The North American Industry Classification System in BEA’s Eco
nomic Accounts,” Survey o f Current Business 81 (May 2001): 7-13. See also
Executive Office o f the President, Office o f Management and Budget, North
American Industry Classification System, United States, 2002 (Washington
DC: Bernan Press, 2002).
63
B u s in e s s
(the largest goods-producing industry group) and into
new services-providing sectors. Specific major differ
ences between the NAICS classification structure and
the former Standard Industrial Classification (SIC)
system include the following:
• NAICS creates a new sector “Information,” which
includes publishing (formerly in m anufacturing),
broadcasting and telecommunications (formerly in
transportation, communication, and utilities), and
various former service industries— such as m otion
picture and sound recording, inform ation services
and data processing, and libraries. It also includes
new technology services industries, such as Internet
service providers and web search portals.
• NAICS moves what had been called auxiliary estab
lishments— units of multi-establishment firms that
provide services to other establishments in the same
firm, many of which were classified in the m anufac
turing division— out of their respective “parent”
industries and into a new sector “Management of
Companies and Enterprises.”
• NAICS creates a new sector “Accommodation and
Food Services,” which combines eating and drink
ing places (formerly in retail trade) with hotels and
Chart 2. Industry Earnings Groupings
Construction
(6.28%)
National Shares for 2003:1
□
Goods-producing industries
]
Services-providing industries
Government
(17.01%)
Durable goods manufacturing
(8.01%)
Nondurable goods
manufacturing
(4.29%)
Other services
(2.83%)
Leisure and hospitality
(4.48%)
Trade
(11.8%)
Education and health services
(10.96%)
Transportation and utilities
(4.32%)
Professional and business services
(14.85%)
U.S. Bureau of Economic Analysis
Information
(4.12%)
Financial activities
(9.22%)
64
State Personal Income
other lodging (formerly in services industries). This
new sector will make it much easier to analyze the
impacts of tourism.
•NAICS splits the SIC services division into seven
m ajor sectors— professional, scientific, and techni
cal services; administrative and support and waste
m anagement and remediation services; educational
services; health care and social assistance; arts,
entertainment, and recreation; information; and
other services. As the services-providing industries
grow m ore prom inent in the United States, it is
im portant to have more inform ation about their
activities.
•NAICS reorganizes the SIC m anufacturing sector.
Publishing, logging, and auxiliary establishments
are moved out of manufacturing; retail bakeries,
dental laboratories, and tire retreading establish
ments are moved into manufacturing; and NAICS
m anufacturing brings together computers, elec
tronic equipment, and components.
•NAICS better distinguishes wholesale trade from
retail trade. For example, under the SIC, office sup
ply discount stores were classified under wholesale
trade, even though they sold to both businesses and
consumers. Under NAICS, these establishments are
included in retail trade.
August 2003
rent quarter relative to the same quarter a year earlier.
Table F and chart 3 show the year-over-year growth
rates of quarterly state personal income from the first
quarter of 2000 through the first quarter of 2003.
U.S. personal income increased 3.4 percent from the
first quarter of 2002 to the first quarter of 2003, up
slightly from an increase of 3.3 percent in the previous
four-quarter period. After peaking at an 8.7-percent
annual increase in the third quarter of 2000, the annual
Chart 3. Growth in Personal Income From
the Same Quarter a Year Earlier
Year-over-year trends in quarterly state
personal income growth
Because quarter-to-quarter changes in state personal
income are subject to large swings, it is also useful to
look at the change in state personal income in the cur
Note. Quintiles are based on growth rates of state personal income for 2002:1V—2003:1.
U.S. Bureau of Economic Analysis
Table E. Groupings of NAICS 20 Sectors
Sector groupings
Natural resources and mining
Construction
Durable goods manufacturing
Nondurable goods manufacturing
Trade
NAICS sectors
11
21
Agriculture, forestry, fishing, and hunting
Mining
23
Construction
31-33
Manufacturing
31-33
Manufactuing
42
44-45
Wholesale trade
Retail trade
22
48-49
Utilities
Transportation and warehousing
Transportation and utilities
Information
Financial activities
51
Information
52
53
Finance and insurance
Real estate and rental and leasing
54
55
56
Professional and technical services
Management of companies and enterprises
Administrative and waste services
61
62
Educational services
Health care and social assistance
71
72
Arts, entertainment, and recreation
Accommodation and food services
81
—
Other services
Not applicable
Professional and business services
Education and health services
Leisure and hospitality
Other services
Government
August 2003
S urvey
of
C
urrent
65
B u s in e s s
whole grew only slightly faster in the first quarter of
2003 than in the fourth quarter of 2002.
For 21 states, year-over-year growth was higher in
the first quarter of 2003 than in the fourth quarter of
2002. Year-over-year growth in the first quarter ranged
from 7.4 percent in South Dakota to 1.5 percent in
Connecticut.
change in U.S. personal income decelerated through
out 2001, bottom ing out at 1.4 percent in the fourthquarter trough of the recession. The growth rates have
increased in each quarter since the first quarter of
2002.
Similar patterns of growth are evident for the topgrowth and bottom -growth quintile states, where the
quintiles are based on ranks of income growth in the
first quarter of 2003. Since the second quarter of 2001,
the year-over-year growth in personal income has been
higher in the top quintile states than in the bottom
quintile states. In addition, the growth rate of the top
quintile increased steadily in the m ost recent two quar
ters, whereas the bottom quintile and the Nation as a
Revisions to the state personal income
estimates
The annual and quarterly estimates of state personal
income for 2002 have been revised to incorporate
newly available Bureau of Labor Statistics tabulations
of wages and salaries covered by state unemployment
Table F. Year-Over-Year Growth, by State, 2000:1-2003:1
[Percent change from same quarter a year earlier]
2000:1
United States.....................................................
Highest Quintile
North Dakota...................................................
South Dakota...................................................
Nebraska.........................................................
Hawaii..............................................................
Mississippi.......................................................
Kansas............................................................
Arkansas.........................................................
Vermont...........................................................
Montana..........................................................
Idaho...............................................................
Fourth Quintile
Wyoming..........................................................
Rhode Island...................................................
Maryland.........................................................
West Virginia...................................................
Virginia............................................................
Georgia............................................................
Iowa..................................................................
Maine...............................................................
Alaska..............................................................
Alabama..........................................................
Third Quintile
Kentucky..........................................................
Indiana.............................................................
New Mexico.....................................................
Delaware.........................................................
Illinois..............................................................
North Carolina.................................................
Wisconsin........................................................
Louisiana.........................................................
Utah.................................................................
Texas...............................................................
Second Quintile
Minnesota........................................................
Florida.............................................................
New Hampshire...............................................
Pennsylvania...................................................
Oklahoma........................................................
Arizona............................................................
Oregon............................................................
Nevada............................................................
Tennessee.......................................................
California.........................................................
Lowest Quintile
New Jersey......................................................
Michigan..........................................................
Ohio..................................................................
Colorado..........................................................
Connecticut.....................................................
Massachusetts................................................
New \fork.........................................................
Washington......................................................
South Carolina.................................................
Missouri...........................................................
District of Columbia.........................................
Non: States ranked according to 2002:1V to 2003:1 growth
2000:ll
2000:lll
2000: IV
2001:1
2001:11
2001:111
2001 :IV
2002:1
2002:ll
2002:lll
2002:IV
2003:1
7.3
8.1
8.7
7.7
5.5
3.9
2.5
1.4
1.4
2.5
2.7
3.3
3.4
8.2
7.4
5.4
4.8
4.9
4.4
5.2
7.3
6.0
8.1
8.8
6.4
6.1
6.0
5.7
6.5
5.3
8.3
6.4
8.7
9.5
5.6
5.7
4.8
5.1
7.7
6.5
7.0
9.0
8.1
5.3
3.9
3.2
6.0
3.9
3.6
4.6
7.7
6.2
6.6
3.7
3.2
5.3
5.4
4.9
6.3
4.9
6.9
6.3
5.0
1.9
3.0
4.3
3.4
3.7
4.0
4.3
5.3
5.6
4.1
2.4
3.6
3.7
3.8
3.4
2.7
3.2
5.3
5.0
3.8
2.1
3.2
3.8
1.9
3.7
3.1
3.8
3.5
3.0
2.4
3.0
0.9
2.6
3.6
3.2
2.1
2.9
2.6
3.5
3.8
1.3
0.0
2.6
5.0
3.6
1.8
3.6
2.7
3.5
2.6
2.4
0.9
3.0
4.9
3.9
1.4
3.5
3.1
3.8
3.6
3.7
1.5
3.4
6.3
4.2
2.4
4.1
3.9
5.4
5.0
6.5
7.4
5.3
5.5
4.6
3.3
5.0
4.7
4.8
4.0
6.0
6.4
7.2
4.5
6.3
7.9
6.4
7.7
6.4
5.0
6.8
7.1
7.9
5.7
9.0
8.6
8.0
7.7
6.7
5.3
6.5
7.1
8.4
5.4
9.3
9.1
6.9
5.8
8.0
5.1
7.7
7.0
8.8
5.4
8.6
7.9
5.2
7.4
6.3
4.7
5.9
5.7
6.7
5.2
7.1
5.2
4.3
6.8
4.6
4.7
6.0
4.7
5.9
4.3
6.3
4.1
2.5
5.0
5.2
3.9
6.6
4.1
4.6
4.3
3.9
3.1
2.2
4.4
4.5
3.7
4.8
2.8
2.9
3.7
2.6
2.1
1.8
3.7
3.9
2.6
5.1
3.0
3.2
3.8
1.6
2.1
3.1
3.6
3.9
2.3
4.0
4.0
3.7
3.4
1.9
2.7
3.4
4.3
3.1
2.5
3.6
3.8
3.8
3.2
3.0
2.2
3.3
4.5
4.1
2.9
3.8
4.3
4.3
3.2
3.1
2.9
4.4
5.0
5.3
4.0
4.6
4.1
4.0
3.1
3.8
3.4
3.4
4.0
5.2
4.0
7.8
6.5
4.6
5.8
6.6
6.5
6.2
4.1
7.4
8.3
7.9
7.3
5.3
8.0
7.2
7.2
6.6
4.6
7.7
8.9
8.2
7.6
5.6
8.2
8.4
9.4
6.6
5.3
7.3
9.8
6.9
4.9
5.4
8.5
7.7
7.1
5.7
4.5
7.0
8.0
4.1
3.6
6.9
6.5
5.3
5.2
4.9
5.4
5.2
6.5
3.4
2.4
6.0
5.7
3.3
3.5
3.6
5.1
4.7
4.1
3.0
1.7
6.7
4.8
2.2
2.0
3.2
5.8
4.1
2.6
1.9
2.2
6.2
2.3
0.5
1.1
2.1
5.6
3.1
1.8
2.9
1.7
5.4
2.7
0.4
1.7
2.7
4.5
2.6
0.4
3.6
2.9
5.0
1.9
2.2
2.1
3.5
4.5
1.8
2.1
3.7
3.4
4.2
1.3
1.6
2.6
3.4
3.4
1.7
1.8
4.8
4.5
5.1
1.4
2.4
3.0
4.1
3.8
2.6
2.3
4.2
4.3
4.6
1.9
2.8
2.4
3.7
3.8
2.9
3.1
7.0
6.1
12.1
6.0
5.6
10.4
7.2
7.3
6.7
9.9
8.1
6.8
11.2
6.7
6.8
8.1
7.6
9.1
6.3
10.3
9.0
7.6
11.0
7.4
8.2
8.9
8.1
9.4
6.6
12.5
8.2
7.9
10.4
7.1
7.4
8.5
5.9
8.1
5.6
9.6
6.3
5.9
6.0
5.4
6.5
5.0
4.7
7.1
3.8
5.9
4.1
5.1
4.9
4.0
4.8
5.9
3.0
5.7
3.2
4.1
2.8
4.2
2.9
3.2
3.6
5.2
1.6
5.3
2.5
0.5
1.4
2.8
1.0
1.4
2.6
3.2
1.4
2.3
1.7
0.3
1.9
3.3
0.3
2.6
1.5
3.7
0.9
3.0
2.3
0.5
3.1
3.8
2.6
3.2
1.5
3.8
2.3
2.7
3.2
2.0
4.0
3.7
2.6
3.2
1.4
3.3
2.8
3.2
2.8
2.9
4.0
4.7
3.1
3.9
1.5
4.9
4.1
6.1
3.7
3.7
3.8
4.2
3.2
3.0
2.7
4.0
4.0
4.7
3.4
3.5
7.3
6.8
5.5
9.5
7.7
11.4
5.5
9.3
6.6
6.2
8.9
10.8
6.4
5.2
11.7
8.6
11.3
8.3
9.2
7.5
7.6
10.0
11.5
6.1
5.4
13.7
8.5
12.3
7.7
6.3
7.3
8.1
10.1
11.1
4.8
4.0
10.7
8.4
10.8
10.6
4.5
6.4
6.7
10.6
6.5
1.6
2.4
9.0
6.3
6.3
6.8
1.2
5.8
5.0
3.6
3.5
1.4
2.5
4.6
3.9
4.4
3.4
4.6
3.3
3.2
2.8
2.7
1.2
2.3
1.4
1.8
1.1
2.0
3.4
3.2
2.7
1.5
0.8
0.9
1.8
-0.1
-0.1
-0.3
-0.6
1.1
2.1
2.1
-0.6
3.4
0.0
1.7
-0.7
0.6
-1.2
-2.1
2.8
2.3
2.5
4.6
3.3
3.0
2.4
0.7
1.6
1.4
0.4
2.0
3.6
2.7
5.8
3.4
3.2
2.5
1.2
2.4
1.4
0.5
4.0
3.3
2.6
6.4
3.5
3.6
3.1
2.2
2.7
1.9
0.9
5.0
4.2
3.5
9.0
2.1
4.7
3.2
2.6
1.5
2.4
2.3
3.7
3.0
2.7
5.2
August 2003
State Personal Income
66
insurance (UI) for the fourth quarter and revised tabu
lations for the first three quarters. The revised esti
mates are presented in table 4.
As a result of the revisions to wage and salary dis
bursements, the estimate of the U.S. total of state per
sonal income for 2002 was revised down $31.2 billion,
to $8,891.1 billion, from the estimate that was pub
lished in the May 2003 S u r v e y . The annual estimates of
personal income were revised down for all the states
except New Jersey, the District of Columbia, Connecti
cut, Wisconsin, Kentucky, Maine, and Hawaii (table
G). The largest downward revisions were for New
York, California, and Texas.
For m ost states, the largest revision was for the
fourth quarter, reflecting the incorporation of the
newly available UI wage data. All regions except the
Great Lakes had downward revisions for each quarter.
On the revised basis, the annual increase in the U.S.
total of the state personal income for 2001-2002 is
about $23 billion less than the increase in the presently
published estimates of total personal income in the na
tional income and product accounts (NIPAs).3 In De
cember, as part of a comprehensive revision, the NIPA
3. Last year, the NIPA estimating m ethodology and revision schedule for
wages and salaries were modified to incorporate the UI wage data on a
more timely basis. As a result, the growth o f wages and salaries in the NIPAs
has been reduced by $33 billion thus far in 2003. Thus, the difference
between the two estimates— which reflects differences in the timing o f the
release o f the UI wage data, in the quarters open for revision, and in the
timing o f the incorporation o f source data for farm proprietors’ income— is
smaller than it otherwise would have been.
Table G. Revisions to Personal Income for States and Regions, 2002
[Millions of dollars, quarters at seasonally adjusted annual rates]
2002
Area name
2002
I
United States..................................................
New England................................................................................................
Connecticut...............................................................................................
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont ................................................................................................
Mideast..........
Delaware....
District of Columbia
Maryland ..
New Jersey................................................................................................
New \b rk ....
Pennsylvania
Great Lakes....
Illinois
Indiana.......................................................................................................
Michigan
Ohio..
Wisconsin
Plains...
Iowa............................................................................................................
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast......................................................................................................
Alabama....................................................................................................
Arkansas
Florida
Georgia
Kentucky
Louisiana...................................................................................................
Mississippi...
North Carolina
South Carolina
Tennessee...
Virginia.......
West Virginia
Southwest.....................................................................................................
Arizona......................................................................................................
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah..
Wyoming
Far West
Alaska........................................................................................................
California....................................................................................................
Hawaii
Nevada
Oregon
Washington
-31,227
-1,146
427
78
-1,286
-75
-227
-64
-6,865
-381
714
-963
977
-6,418
-794
-2,453
-1,055
-43
-745
-1,009
398
-3,463
-409
-822
-884
-540
-394
-263
-152
-6,874
-145
-257
-621
-1,013
322
-339
-6
-1,200
-18
-1,697
-1,790
-107
-5,009
-143
-60
-1,532
-3,272
-989
-477
-20
-105
-346
-41
-4,430
-232
-3,432
49
-25
-695
-96
II
-24,418
-402
1,020
120
-1,272
-37
-191
-43
-1,666
-316
526
-623
2,813
-3,737
-328
-2,739
-767
309
-1,470
-827
15
-2,988
-458
-733
-520
-488
-364
-262
-165
-5,418
-209
-269
-855
-725
321
-451
-22
-875
-9
-1,378
-953
7
-6,046
-91
-223
-1,326
-4,407
-873
-429
-70
-77
-279
-19
-4,286
-273
-2,418
-36
-159
-696
-704
III
-23,667
-197
850
95
-916
-6
-185
-35
-5,152
-386
617
-599
1,110
-5,082
-812
-955
-691
112
291
-1,004
338
-2,794
-334
-673
-563
-458
-338
-249
-178
-5,388
-170
-317
-626
-1,123
312
-258
41
-692
14
-1,589
-899
-80
-4,678
-176
-105
-1,316
-3,080
-925
-441
-5
-70
-350
-57
-3,580
-261
-3,109
-23
-146
-660
619
IV
-24,695
-749
585
46
-1,034
-68
-206
-70
-6,217
-381
640
-663
916
-6,119
-609
52
-440
193
384
-795
710
-3,225
-330
-856
-683
-618
-323
-259
-157
-6,351
-153
-271
-560
-942
487
-258
43
-933
102
-1,737
-2,030
-101
-5,467
-73
-40
-1,437
-1,917
-802
-324
-20
-77
-342
-37
-3,935
-201
-4,106
100
28
-610
854
-52,130
-3,237
-747
50
-1,921
-188
-324
-107
-14,424
-440
1,074
-1,966
-931
-10,735
-1,426
-6,169
-2,321
-786
-2,184
-1,409
529
-4,844
-512
-1,027
-1,768
-597
-549
-284
-108
-10,337
-47
-173
-446
-1,261
170
-392
-90
-2,300
-183
-2,085
-3,276
-255
-5,843
-235
126
-2,049
-3,686
—1,356
-711
13
-194
-410
-54
-5,918
-190
-4,095
154
181
-815
-1,154
August 2003
Survey
of
C
urrent
estimate for 2002 will be revised to incorporate u p
dated UI tabulations, the latest data from the Depart
m ent of Agriculture, and other source data. These
source data are usually incorporated into the NIPA es
timates in July as part of the annual NIPA revision, but
this year’s annual revision will be combined with the
comprehensive revision.
In the spring of 2004, BEA will release the results of
the comprehensive revision of state personal income.
This revision will incorporate the definitional changes
and additional statistical revisions to the estimates of
67
B u sin e s s
personal income that will be introduced in the com
prehensive NIPA revision.4 The annual revision of state
personal income that would usually occur in Septem
ber 2003 will be combined with the 2004 comprehen
sive revision of state personal income.
4. See Brent R. Moulton and Eugene R Seskin, “Preview o f the 2003 Com
prehensive Revision o f the National Income and Product Accounts,” S u r v e y
83 (June 2003): 17-34.
Tables 2, 3, and 4 follow.
Table 1. Personal Income and Per Capita Personal Income by State and Region, 1997-2002
Personal income
Area name
United States.........
New England......................
Connecticut....................
Maine...............................
Massachusetts...............
New Hampshire..............
Rhode Island..................
Vermont...........................
Mideast...............................
Delaware........................
District of Columbia........
Maryland.........................
New Jersey......................
New York........................
Pennsylvania...................
Great Lakes.......................
Illinois..............................
Indiana.............................
Michigan.........................
Ohio.................................
Wisconsin.......................
Plains..................................
Iowa.................................
Kansas............................
Minnesota.......................
Missouri...........................
Nebraska.........................
North Dakota..................
South Dakota..................
Southeast...........................
Alabama..........................
Arkansas.........................
Florida.............................
Georgia............................
Kentucky..........................
Louisiana.........................
Mississippi.......................
North Carolina.................
South Carolina.................
Tennessee.......................
Virginia............................
West Virginia..................
Southwest..........................
Arizona............................
New Mexico.....................
Oklahoma........................
Texas...............................
Rocky Mountain.................
Colorado..........................
Idaho...............................
Montana..........................
Utah.................................
Wyoming..........................
Far W est.............................
Alaska..............................
California.........................
Hawaii..............................
Nevada............................
Oregon............................
Washington......................
Per capita personal income1
Millions of dollars
1997
1998
6,928,545
408,231
116,421
27,773
191,596
32,397
26,293
13,752
1,315,810
20,145
19,135
148,826
260,705
553,543
313,457
1,138,557
340,594
139,459
250,216
279,367
128,920
462,173
67,938
63,728
129,020
131,144
40,724
13,332
16,288
1,532,165
91,284
51,055
377,673
183,757
82,927
92,286
51,598
179,691
81,045
125,457
180,190
35,202
677,462
103,702
34,860
69,951
468,950
206,847
108,765
25,226
17,726
43,696
11,433
1,187,299
16,488
861,557
31,218
47,258
80,575
150,203
7,418,497
437,134
124,880
29,469
205,176
35,198
27,673
14,738
1,400,562
21,879
20,255
158,501
278,788
590,406
330,733
1,206,886
362,081
149,318
264,520
293,208
137,759
493,714
71,280
67,896
140,031
138,987
43,313
14,709
17,497
1,639,428
96,481
53,784
405,146
200,104
88,148
97,458
55,072
192,577
86,672
134,241
193,007
36,738
736,392
112,895
36,857
74,677
511,964
223,322
118,413
27,066
18,942
46,772
12,129
1,281,057
17,138
931,564
31,841
52,017
85,305
163,192
1999
7,779,521
459,782
130,579
30,680
217,066
37,121
28,762
15,575
1,458,307
22,716
20,785
167,360
288,796
616,292
342,357
1,252,336
373,813
154,405
276,187
304,342
143,589
512,453
72,908
69,997
147,151
143,814
45,293
14,848
18,442
1,718,850
100,422
55,919
425,157
213,508
91,218
99,052
56,799
202,455
91,075
141,046
204,727
37,472
775,029
120,264
37,725
77,512
539,527
238,547
128,386
28,901
19,405
48,923
12,931
1,364,218
17,600
995,326
32,626
55,439
89,080
174,148
2000
8,398,871
505,001
141,413
32,867
241,963
41,265
30,741
16,752
1,577,854
24,455
22,849
180,941
318,222
665,762
365,626
1,331,356
401,803
164,543
292,786
319,653
152,572
547,878
77,730
73,882
159,037
154,099
47,599
16,022
19,511
1,838,870
105,485
58,930
455,313
231,412
98,215
103,630
59,597
217,727
97,410
149,936
221,778
39,438
840,256
131,046
39,692
82,931
586,587
261,286
143,043
31,177
20,744
52,518
13,805
1,496,369
18,806
1,100,679
34,384
60,149
95,508
186,843
2001
8,677,490
521,283
145,548
34,491
248,778
42,779
32,061
17,627
1,630,698
25,624
23,262
190,015
328,743
684,704
378,350
1,362,854
413,044
168,622
296,480
326,876
157,832
566,738
79,822
76,828
164,784
159,093
49,642
16,422
20,146
1,911,543
109,388
61,304
475,607
239,754
101,223
109,317
61,922
224,094
100,902
154,130
232,730
41,174
874,607
137,331
42,260
86,550
608,466
271,743
148,239
32,363
21,769
54,764
14,609
1,538,024
19,660
1,129,868
35,625
63,200
98,026
191,645
2002'
8,891,093
530,315
148,211
35,991
250,966
43,703
33,276
18,167
1,662,520
26,084
24,760
197,156
339,889
684,070
390,560
1,395,541
419,858
173,889
303,745
334,832
163,216
582,958
82,642
78,322
170,142
163,603
51,086
16,846
20,316
1,972,043
112,592
63,463
494,027
245,707
105,013
113,725
64,242
229,356
104,302
158,717
238,325
42,575
893,454
142,725
44,352
87,818
618,560
276,877
149,481
33,585
22,650
55,953
15,208
1,577,384
20,467
1,155,247
37,397
65,571
100,481
198,221
Percent
change2
2.5
1.7
1.8
4.3
0.9
2.2
3.8
3.1
2.0
1.8
6.4
3.8
3.4
-0.1
3.2
2.4
1.6
3.1
2.5
2.4
3.4
2.9
3.5
1.9
3.3
2.8
2.9
2.6
0.8
3.2
2.9
3.5
3.9
2.5
3.7
4.0
3.7
2.3
3.4
3.0
2.4
3.4
2.2
3.9
4.9
1.5
1.7
1.9
0.8
3.8
4.0
2.2
4.1
2.6
4.1
2.2
5.0
3.8
2.5
3.4
Dollars
1997
25,412
29,924
34,759
22,134
30,773
27,238
25,643
23,026
28,868
26,807
33,704
28,857
31,720
29,670
25,635
25,589
27,950
23,418
25,509
24,772
24,481
24,517
23,499
24,182
27,086
23,926
24,148
20,520
21,885
22,986
20,899
19,628
24,869
23,911
20,979
20,874
18,580
23,468
20,998
22,814
26,385
19,351
22,868
21,892
19,641
20,739
23,756
23,651
27,067
20,534
19,920
20,613
23,360
26,353
26,898
26,521
25,765
26,789
24,385
26,469
1998
26,893
31,829
37,108
23,404
32,714
29,187
26,837
24,547
30,565
28,662
35,836
30,455
33,640
31,478
27,008
26,983
29,505
24,891
26,860
25,921
26,004
26,001
24,555
25,519
29,092
25,171
25,541
22,716
23,453
24,242
21,904
20,479
26,161
25,447
22,118
21,948
19,635
24,661
22,115
24,101
27,968
20,234
24,352
23,118
20,551
21,930
25,398
25,041
28,764
21,612
21,225
21,594
24,714
27,972
27,645
28,240
26,201
28,069
25,446
28,285
1999
27,880
33,227
38,560
24,218
34,360
30,377
27,645
25,757
31,630
29,312
36,452
31,851
34,547
32,638
27,916
27,849
30,246
25,543
27,906
26,849
26,926
26,787
24,989
26,134
30,194
25,857
26,569
23,046
24,576
25,067
22,668
21,087
26,978
26,536
22,702
22,205
20,082
25,468
22,914
25,014
29,246
20,682
25,141
23,939
20,865
22,551
26,244
26,230
30,380
22,656
21,621
22,203
26,294
29,335
28,170
29,712
26,957
28,655
26,247
29,807
2000
29,760
36,195
41,446
25,732
38,034
33,266
29,257
27,465
34,013
31,092
39,970
34,060
37,734
35,041
29,759
29,437
32,297
27,010
29,408
28,130
28,389
28,430
26,540
27,439
32,231
27,493
27,781
24,990
25,815
26,456
23,694
22,000
28,366
28,103
24,258
23,185
20,920
26,939
24,209
26,290
31,210
21,821
26,761
25,361
21,788
24,007
27,992
28,194
33,060
23,987
22,961
23,410
27,941
31,694
29,960
32,363
28,354
29,794
27,836
31,605
2001
30,413
37,096
42,377
26,853
38,864
33,969
30,256
28,756
34,952
32,166
40,539
35,279
38,625
35,878
30,752
29,986
32,990
27,522
29,629
28,699
29,196
29,257
27,225
28,432
33,059
28,221
28,861
25,798
26,566
27,169
24,477
22,750
29,048
28,523
24,878
24,454
21,653
27,308
24,840
26,808
32,338
22,862
27,350
25,878
23,081
24,945
28,472
28,819
33,455
24,506
24,044
24,033
29,587
32,025
31,027
32,655
29,034
30,128
28,222
31,976
2002r
30,832
37,494
42,829
27,804
39,044
34,276
31,107
29,464
35,434
32,307
43,371
36,121
39,567
35,708
31,663
30,555
33,320
28,233
30,222
29,317
29,996
29,942
28,141
28,838
33,895
28,841
29,544
26,567
26,694
27,683
25,096
23,417
29,559
28,703
25,657
25,370
22,370
27,566
25,395
27,378
32,676
23,628
27,419
26,157
23,908
25,136
28,401
28,926
33,170
25,042
24,906
24,157
30,494
32,344
31,792
32,898
30,040
30,169
28,533
32,661
Rank
in U.S.
1
33
3
6
16
24
13
4
2
5
15
8
31
18
25
21
32
27
7
26
23
37
36
43
49
22
28
39
41
50
34
40
35
11
48
38
47
42
30
9
44
45
46
17
14
10
20
19
29
12
' Revised.
the estimate of personal income in the national income and product accounts (NIMs) because of differences in coverage,
1. Per capita personal income was computed using midyear population estimates of the Bureau of the Census.
in the methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it
2. Percent change was calculated from unrounded data.
differs from the NIFA estimate because, by definition, it omits the earnings of Federal civilian and military personnel
Note . The personal income level shown for the United States is derived as the sum of the state estimates. It differs from
stationed abroad and of U.S. residents employed abroad temporarily by private US. firms.
68
State Personal Income
August 2003
Table 2. Disposable Personal Income and Per Capita Disposable Personal Income by State and Region, 1997-2002
Per capita disposable personal income1
Disposable personal income
Millions of dollars
Area name
Connecticut.............................
Maine.......................................
Massachusetts........................
New Hampshire.......................
Rhode Island...........................
Vermont...................................
Delaware.................................
Maryland.................................
New Jersey..............................
New York.................................
Pennsylvania...........................
Illinois......................................
Indiana.....................................
Michigan..................................
Ohio.........................................
Wisconsin................................
Iowa.........................................
Kansas....................................
Minnesota................................
Missouri...................................
Nebraska.................................
North Dakota...........................
South Dakota...........................
Alabama..................................
Arkansas.................................
Florida
Georgia
Kentucky..................................
Louisiana.................................
Mississippi
North Carolina.........................
South Carolina.........................
Tennessee
Virginia....................................
West Virginia...........................
Southwest
Arizona
New Mexico.............................
Oklahoma................................
Texas .......................................
Rocky Mountain.........................
Colorado
Idaho.
Montana
Utah...
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon....................................
Washington..............................
1997
1998
1999
2000
5,960,749
342,605
95,724
24,200
159,674
28,200
22,851
11,955
1,114,511
16,987
16,120
125,597
220,964
464,468
270,375
975,464
291,507
119,826
214,500
239,900
109,732
399,625
59,294
55,113
109,183
114,001
35,531
11,853
14,650
1,336,061
80,342
45,063
329,682
158,350
71,915
81,431
46,245
155,311
70,880
111,632
154,028
31,182
596,546
90,217
30,758
61,222
414,349
178,194
92,927
22,044
15,621
37,715
9,886
1,017,744
14,497
735,173
27,371
41,126
68,539
131,039
6,349,151
364,015
101,699
25,480
169,596
30,578
23,898
12,764
1,178,249
18,470
16,921
133,060
234,080
491,784
283,933
1,029,255
307,987
128,475
225,186
250,838
116,768
425,703
62,181
58,652
118,006
120,352
37,620
13,143
15,748
1,423,978
84,855
47,302
351,912
171,711
76,215
86,139
49,256
165,760
75,481
119,346
163,510
32,491
645,743
97,615
32,496
65,310
450,321
191,724
100,489
23,639
16,670
40,460
10,466
1,090,483
15,003
789,557
27,846
44,903
72,660
140,515
6,621,490
379,850
105,647
26,439
177,512
31,985
24,800
13,467
1,218,066
19,169
17,080
140,240
240,074
508,124
293,380
1,066,709
316,698
132,864
235,134
260,394
121,619
442,180
63,446
60,312
124,969
124,434
39,267
13,247
16,506
1,489,666
88,267
49,179
368,621
182,801
78,682
87,749
50,744
173,925
79,283
125,546
171,743
33,128
679,260
103,783
33,169
67,783
474,525
203,763
108,384
25,119
17,023
42,113
11,123
1,141,995
15,430
827,718
28,431
47,692
75,394
147,329
7,113,634
410,995
113,079
28,184
193,936
35,151
26,249
14,397
1,313,155
20,624
18,715
150,839
263,055
547,203
312,719
1,135,687
340,103
142,187
250,086
273,184
130,127
471,590
67,875
63,535
133,951
133,323
41,133
14,297
17,476
1,591,256
92,749
51,684
392,530
197,747
84,974
91,613
53,307
186,877
85,040
133,732
186,170
34,834
732,944
113,010
34,702
72,358
512,874
221,953
120,009
26,884
18,150
45,154
11,757
1,236,055
16,444
898,615
29,862
51,533
80,343
159,258
2002 r
7,386,598
429,722
117,445
29,700
202,977
36,797
27,568
15,235
1,363,967
21,737
19,085
159,164
274,376
565,168
324,435
1,165,051
350,333
146,053
253,620
279,754
135,291
488,749
69,689
66,162
139,411
137,821
43,021
14,623
18,021
1,657,731
96,291
53,882
411,117
205,629
87,582
96,752
55,538
193,094
88,247
137,460
195,722
36,416
765,749
119,024
37,079
75,646
533,999
232,166
125,325
28,078
19,096
47,182
12,484
1,283,464
17,189
934,447
31,046
54,304
83,130
163,348
7,778,520
453,483
124,516
31,718
213,268
38,615
29,293
16,072
1,432,002
22,624
21,059
169,147
293,008
583,205
342,959
1,222,381
366,070
153,875
266,749
292,386
143,300
513,542
73,662
68,965
147,061
144,944
45,195
15,249
18,466
1,749,719
100,962
56,831
438,003
215,896
92,703
102,500
58,607
201,761
93,249
144,299
206,667
38,241
800,718
126,808
39,751
78,176
555,983
242,485
129,666
29,941
20,236
49,310
13,332
1,364,190
18,271
993,302
33,258
57,893
87,270
174,196
1. Per capita disposable personal income was computed using midyear population estimates of the Bureau of the
Census.
2. Percent change was calculated from unrounded data.
Percent
change2
2001
5.3
5.5
6.0
6.8
5.1
4.9
6.3
5.5
5.0
4.1
10.3
6.3
6.8
3.2
5.7
4.9
4.5
5.4
5.2
4.5
5.9
5.1
5.7
4.2
5.5
5.2
5.1
4.3
2.5
5.5
4.9
5.5
6.5
5.0
5.8
5.9
5.5
4.5
5.7
5.0
5.6
5.0
4.6
6.5
7.2
3.3
4.1
4.4
3.5
6.6
6.0
4.5
6.8
6.3
6.3
6.3
7.1
6.6
5.0
6.6
Dollars
1997
21,863
25,114
28,580
19,286
25,646
23,709
22,286
20,018
24,452
22,605
28,393
24,353
26,885
24,896
22,111
21,924
23,922
20,121
21,868
21,273
20,837
21,199
20,509
20,913
22,921
20,799
21,069
18,244
19,684
20,044
18,394
17,325
21,709
20,605
18,194
18,419
16,653
20,284
18,364
20,300
22,554
17,141
20,137
19,045
17,330
18,151
20,990
20,375
23,126
17,944
17,554
17,792
20,199
22,590
23,650
22,630
22,590
23,313
20,742
23,092
1998
23,016
26,505
30,219
20,236
27,041
25,356
23,176
21,258
25,714
24,196
29,937
25,566
28,245
26,220
23,186
23,011
25,097
21,417
22,866
22,175
22,041
22,420
21,421
22,045
24,516
21,796
22,184
20,297
21,109
21,056
19,265
18,011
22,724
21,836
19,124
19,399
17,561
21,226
19,259
21,426
23,694
17,895
21,354
19,989
18,119
19,179
22,340
21,498
24,410
18,876
18,679
18,680
21,324
23,811
24,201
23,935
22,914
24,230
21,674
24,354
1999
23,730
27,450
31,198
20,871
28,099
26,174
23,836
22,272
26,419
24,734
29,953
26,690
28,718
26,909
23,922
23,721
25,625
21,979
23,758
22,972
22,806
23,113
21,746
22,518
25,643
22,372
23,033
20,561
21,996
21,725
19,924
18,545
23,390
22,720
19,582
19,671
17,941
21,879
19,947
22,265
24,534
18,285
22,034
20,658
18,345
19,721
23,082
22,405
25,647
19,691
18,967
19,112
22,619
24,556
24,697
24,709
23,491
24,651
22,214
25,217
2000
25,206
29,458
33,142
22,065
30,485
28,337
24,983
23,603
28,307
26,222
32,739
28,393
31,192
28,801
25,453
25,111
27,338
23,340
25,119
24,040
24,213
24,472
23,175
23,596
27,147
23,786
24,007
22,299
23,124
22,894
20,833
19,295
24,455
24,015
20,987
20,496
18,712
23,122
21,135
23,448
26,199
19,274
23,343
21,871
19,048
20,947
24,475
23,950
27,736
20,684
20,090
20,127
23,796
26,181
26,197
26,422
24,625
25,526
23,416
26,939
2001
25,889
30,580
34,195
23,122
31,709
29,218
26,016
24,853
29,235
27,288
33,260
29,551
32,237
29,614
26,370
25,634
27,981
23,839
25,346
24,562
25,026
25,231
23,769
24,485
27,969
24,448
25,012
22,973
23,764
23,562
21,547
19,996
25,109
24,463
21,525
21,643
19,421
23,531
21,724
23,909
27,196
20,220
23,946
22,428
20,252
21,803
24,987
24,621
28,284
21,262
21,092
20,706
25,283
26,725
27,128
27,007
25,302
25,887
23,933
27,255
2002 f
26,974
32,062
35,982
24,503
33,179
30,285
27,384
26,066
30,521
28,021
36,888
30,990
34,109
30,443
27,804
26,764
29,052
24,983
26,541
25,600
26,336
26,377
25,083
25,393
29,297
25,552
26,137
24,048
24,263
24,562
22,504
20,970
26,207
25,221
22,650
22,866
20,408
24,250
22,704
24,891
28,336
21,223
24,573
23,240
21,429
22,376
25,527
25,333
28,773
22,325
22,251
21,289
26,734
27,973
28,381
28,286
26,716
26,636
24,782
28,703
Rank
in U.S.
1
34
3
6
16
24
14
4
2
5
15
8
31
20
25
21
30
28
7
26
23
37
35
42
49
22
29
41
39
50
36
40
32
12
48
38
46
43
27
9
44
45
47
17
11
13
18
19
33
10
N ote. The personal income level shown for the United States is derived as the sum of the state estimates. It differs from
the estimate of personal income in the national income and product accounts (NIPAs) becauseof differences in coverage,
in the methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it
differs from the NIPA estimate because, by definition, it omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms.
August 2003
S urvey
of
C
urrent
69
B u s in e s s
Table 3. Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
1999
2000
2002
2001
2003
Percent
change1
I"
2002:IV
-2003:1
Area name
United States..
New England
Connecticut
Maine...............
Massachusetts
New Hampshire
Rhode Island....
Vermont...........
Mideast...............
Delaware.........
District of
Columbia
Maryland..........
New Jersey......
New York.........
Pennsylvania....
Great Lakes........
Illinois..............
Indiana.............
Michigan..........
Ohio.................
Wisconsin
Plains..................
Iowa.................
Kansas............
Minnesota
Missouri...........
Nebraska.........
North Dakota....
South Dakota....
Southeast...........
Alabama..........
Arkansas .........
Florida.............
Georgia............
Kentucky..........
Louisiana.........
Mississippi.......
North Carolina
South Carolina
Tennessee.......
Virginia............
West Virginia....
Southwest..........
Arizona............
New Mexico.....
Oklahoma........
Texas...............
Rocky Mountain
Colorado..........
Idaho...............
Montana..........
Utah.................
Wyoming..........
Far West..............
Alaska..............
California.........
Hawaii..............
Nevada............
Oregon............
Washington......
II
III
IV
I
II
III
IV
I
7,715,362
454,477
129,279
30,410
214,186
36,668
28,473
15,460
1,445,966
22,436
7,801,469
463,492
131,512
31,316
218,631
37,407
28,935
15,690
1,465,040
22,795
7,953,561
472,228
133,597
31,228
223,830
38,300
29,334
15,939
1,478,613
23,229
8,203,951
492,587
137,801
32,059
235,826
40,481
30,101
16,318
1,533,630
23,706
8,340,516
499,629
140,406
32,757
238,462
40,773
30,489
16,743
1,567,335
24,231
8,481,243
510,551
142,688
33,121
245,457
41,521
30,977
16,788
1,589,291
24,672
8,569,774
517,235
144,758
33,529
248,107
42,285
31,396
17,160
1,621,161
25,209
8,651,750 8,669,238 8,697,083 8,691,889 8,772,204 8,881,691 8,927,635 8,982,839 9,066,660
533,241
537,516
523,494
520,807
519,362
524,249
531,524
532,245
521,469
149,514
145,327
144,542
147,269
148,249
148,840
148,486
146,423
145,899
34,394
36,141
36,483
36,908
34,234
34,585
34,753
35,481
35,858
251,714
252,127
253,786
247,332
247,765
252,257
250,661
248,883
248,235
44,447
43,847
44,047
42,752
42,722
43,055
43,865
42,913
42,729
33,467
34,129
31,817
32,779
33,202
33,659
31,919
32,245
32,261
18,733
17,447
17,622
17,752
17,900
18,093
18,238
18,439
17,685
1,631,068 1,628,112 1,632,447 1,631,164 1,644,672 1,662,445 1,668,240 1,674,725 1,688,282
26,418
25,929
26,090
26,175
26,143
25,256
25,609
25,850
25,780
0.9
0.8
0.7
1.2
0.7
0.9
1.4
1.6
0.8
1.1
20,628
166,021
285,982
610,420
340,480
1,244,692
371,869
153,133
274,467
302,789
142,434
508,065
71,919
69,151
146,293
142,885
44,681
14,797
18,339
1,708,435
99,931
55,606
423,538
211,752
90,524
98,796
56,351
202,023
90,518
140,299
201,865
37,233
769,438
119,696
37,618
77,118
535,007
236,297
126,958
28,580
19,361
48,577
12,820
1,347,992
17,513
984,690
32,356
54,981
88,401
170,052
20,828
168,178
288,208
621,989
343,042
1,253,889
373,875
154,431
276,777
304,584
144,222
513,281
73,326
69,928
147,261
143,982
45,499
14,756
18,529
1,721,818
100,724
56,053
426,687
213,907
91,411
99,022
57,129
200,989
91,509
141,801
204,973
37,611
777,451
121,062
37,832
77,540
541,017
238,957
128,454
28,980
19,239
49,292
12,991
1,367,542
17,537
997,381
32,934
55,377
89,317
174,996
21,181
170,617
295,035
619,371
349,180
1,276,384
381,355
157,602
280,785
309,656
146,985
525,456
74,855
72,199
150,723
146,660
46,741
15,307
18,971
1,753,053
102,191
57,013
431,669
218,724
93,383
100,586
57,916
206,935
93,051
144,055
209,459
38,070
795,211
123,358
38,396
79,144
554,313
246,228
133,367
29,778
19,925
49,960
13,199
1,406,387
17,974
1,026,338
33,113
56,986
91,234
180,741
22,333
176,498
306,809
647,339
356,945
1,312,492
392,581
162,336
291,251
316,931
149,392
534,339
76,108
71,753
154,381
150,470
46,642
15,726
19,260
1,798,309
103,738
57,854
444,157
226,268
96,542
101,827
58,563
212,844
95,124
147,282
215,466
38,644
819,754
129,117
38,764
80,479
571,394
252,336
136,641
30,544
20,249
51,426
13,477
1,460,503
18,489
1,069,569
33,642
58,401
93,634
186,768
22,689
179,203
316,979
661,036
363,197
1,325,439
398,686
164,309
292,004
318,569
151,869
546,218
77,676
73,639
158,125
153,761
47,414
16,097
19,505
1,828,832
105,257
58,562
452,177
229,859
97,668
103,306
59,561
216,603
97,267
149,179
220,039
39,354
833,799
129,404
39,593
82,367
582,434
259,527
141,846
31,075
20,593
52,319
13,693
1,479,739
18,694
1,085,862
34,291
59,989
95,150
185,753
22,938
182,368
321,275
669,618
368,419
1,339,837
405,376
166,165
293,583
321,035
153,677
553,792
78,421
75,309
160,570
155,682
48,088
16,153
19,569
1,854,115
105,904
59,672
459,035
233,463
98,868
104,252
60,068
219,838
98,213
151,095
224,073
39,634
849,525
131,811
39,945
83,896
593,873
265,102
146,085
31,333
20,967
52,885
13,832
1,519,030
18,942
1,122,375
34,504
60,602
96,589
186,018
23,434
185,696
327,824
685,055
373,942
1,347,657
410,567
165,361
294,304
322,078
155,348
557,165
78,715
74,825
163,070
156,483
48,252
16,111
19,709
1,874,225
107,041
59,633
465,884
236,058
99,780
105,135
60,195
221,626
99,036
152,187
227,532
40,118
857,947
133,853
40,467
84,982
598,645
268,181
147,601
31,754
21,166
53,442
14,219
1,526,203
19,099
1,124,911
35,099
61,604
96,659
188,832
23,144
188,357
326,632
691,345
376,335
1,358,650
413,332
168,181
295,843
324,581
156,713
562,952
79,391
76,291
164,055
157,920
49,123
16,304
19,868
1,895,842
108,598
60,661
470,309
238,069
100,459
107,373
61,420
223,903
100,603
152,906
230,869
40,671
871,240
135,545
41,451
85,713
608,532
270,900
148,921
32,064
21,523
54,120
14,271
1,537,604
19,332
1,133,205
35,467
62,527
98,003
189,070
24,204
194,304
337,578
676,590
386,067
1,373,198
415,157
171,072
295,932
330,130
160,906
576,036
81,814
77,875
167,189
161,919
50,408
16,787
20,043
1,944,902
111,057
62,408
485,611
243,028
103,365
112,155
63,376
227,740
102,912
156,391
234,661
42,198
882,369
140,528
43,677
86,961
611,202
273,963
147,880
33,294
22,270
55,522
14,996
1,552,816
20,091
1,138,401
36,757
64,384
98,842
194,342
0.3
1.3
0.8
0.6
0.9
0.9
1.0
1.1
0.7
0.7
1.0
1.3
1.3
1.8
0.9
0.5
2.6
4.8
4.2
1.1
1.1
1.7
0.9
1.3
1.1
1.0
1.8
1.0
0.6
0.8
1.3
1.3
0.9
0.9
1.1
0.9
1.0
1.0
0.7
1.5
1.5
1.0
1.4
0.8
1.1
0.8
2.0
0.8
0.8
0.6
v Preliminary.
' Revised.
1. Percent change was calculated from unrounded data.
Note. The personal income level shown for the United States is derived as the sum of the state estimates. It differs from the
II
23,324
189,786
327,969
683,685
377,739
1,360,352
411,904
168,290
296,181
326,608
157,369
565,546
79,654
76,556
164,632
158,745
49,476
16,398
20,086
1,909,663
109,319
61,067
475,131
239,184
100,953
108,618
61,739
224,212
100,513
153,934
233,930
41,063
871,512
136,991
41,979
86,339
606,204
271,833
148,426
32,365
21,740
54,787
14,516
1,540,750
19,673
1,130,001
35,462
63,415
97,966
194,232
III
23,276
190,747
329,812
682,727
380,035
1,367,434
414,358
169,060
297,092
328,330
158,594
569,173
80,152
77,327
165,126
159,866
49,887
16,533
20,282
1,918,954
109,808
61,559
478,106
240,715
101,830
110,287
62,092
224,210
101,332
154,928
232,735
41,353
877,630
138,663
42,630
86,925
609,412
272,434
148,132
32,515
22,015
55,027
14,744
1,538,203
19,793
1,128,191
35,805
63,839
98,167
192,407
IV
23,305
191,170
330,559
681,059
379,292
1,364,979
412,582
168,955
296,806
327,985
158,651
569,280
80,093
77,138
165,325
159,843
50,084
16,452
20,347
1,921,712
109,825
61,927
478,882
241,046
101,649
110,991
62,437
224,050
101,158
154,751
233,388
41,608
878,046
138,125
42,982
87,221
609,717
271,806
147,475
32,507
21,799
55,122
14,904
1,535,539
19,842
1,128,075
35,766
63,020
97,967
190,868
lr
II'
24,677
196,862
338,845
686,279
389,692
1,396,144
420,863
173,169
304,930
334,343
162,839
580,552
82,375
77,967
169,755
162,979
50,774
16,608
20,095
1,968,792
112,093
63,291
493,048
245,628
104,583
113,505
63,990
228,855
104,156
158,810
238,366
42,467
892,577
142,215
44,098
87,622
618,643
275,997
149,421
33,221
22,490
55,771
15,095
1,573,659
20,273
1,152,672
37,244
65,121
100,211
198,138
III'
24,768
198,005
341,099
685,909
392,285
1,402,919
420,922
174,777
306,682
336,601
163,937
585,711
82,803
78,418
171,656
164,041
51,397
16,931
20,466
1,979,094
113,036
63,686
495,859
246,123
105,556
113,982
64,523
229,994
104,718
159,256
239,670
42,689
896,253
143,274
44,438
88,168
620,373
277,739
149,961
33,695
22,862
55,952
15,271
1,585,435
20,607
1,160,385
37,570
65,891
100,896
200,086
IV''
25,393
199,454
342,035
687,503
394,198
1,409,904
422,491
176,538
307,437
338,255
165,182
589,532
83,577
79,028
171,969
165,471
51,767
17,059
20,660
1,995,385
114,183
64,464
501,588
248,050
106,548
115,257
65,077
230,836
105,420
160,411
240,605
42,944
902,617
144,881
45,193
88,522
624,021
279,810
150,665
34,129
22,979
56,568
15,469
1,597,627
20,898
1,169,530
38,016
66,889
101,974
200,319
25,475
202,136
344,653
691,855
397,745
1,422,627
426,906
178,427
309,724
340,769
166,801
597,455
84,623
80,467
173,557
166,322
53,094
17,875
21,518
2,016,722
115,455
65,545
506,154
251,170
107,703
116,381
66,274
233,200
106,015
161,695
243,637
43,492
911,058
146,119
45,676
89,302
629,962
282,541
151,774
34,638
23,333
57,108
15,688
1,610,458
21,136
1,178,715
38,773
67,429
102,835
201,570
estimate of personal income in the national income and product accounts (NiFfts) because of differences in coverage, in the
methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from the
NIRA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of
U.S. residents employed abroad temporarily by private U.S. firms.
70
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
United States
Line
2001
4
5
6
7
8
9
10
11
12
13
14
15
16
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4 .......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
Earnings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors' income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
2003
2002 r
I I'
III'
IV '
8,677,490 8,891,093 8,772,204 8,881,691 8,927,635 8,982,839 9,066,660
8,637,420 8,853,730 8,726,965 8,851,276 8,892,120 8,944,559 9,023,076
40,070
37,363
45,239
30,415
38,281
35,516
43,583
2003
2002'
I"
I I'
I'
III'
IV '
I"
109,388
108,109
1,279
112,592
111,837
756
111,057
110,013
1,045
112,093
111,544
549
113,036
112,349
688
114,183
113,441
743
115,455
114,585
870
6,241,977
371,690
-1,093
5,869,194
1,637,213
1,171,083
31,532
6,333,541
383,415
-1,368
5,948,758
1,653,541
1,288,794
62,464
6,466,033
392,313
-1,394
6,072,326
1,652,749
1,341,585
61,578
74,545
4,735
928
70,738
19,686
18,964
309
76,177
4,961
1,049
72,266
19,775
20,552
500
75,274
4,890
1,045
71,429
19,569
20,060
446
75,620
4,938
1,053
71,734
19,914
20,444
563
76,471
4,986
1,047
72,532
19,853
20,651
502
77,344
5,029
1,052
73,368
19,764
21,052
488
78,368
5,115
1,067
74,320
19,727
21,408
433
1,139,551
1,226,330 1,200,853 1,216,417 1,231,965 1,256,084 1,280,007
18,655
20,052
19,614
19,882
20,149
20,564
20,975
4,947,350 4,968,353 4,930,075 4,969,358 4,979,106 4,994,874 5,040,209
598,887
605,390
585,691
612,222
624,760
565,535
633,688
759,797
750,987
776,624
729,092
749,386
762,192
792,136
20,271
16,147
9,371
24,328
14,176
16,713
21,911
708,821
743,650
726,659
740,015
748,016
759,911
770,225
59,032
7,388
8,124
1,111
7,013
60,231
8,000
7,947
576
7,371
59,459
7,720
8,094
868
7,227
60,039
7,894
7,687
370
7,317
60,472
8,095
7,904
506
7,398
60,952
8,289
8,103
560
7,543
61,574
8,424
8,370
686
7,684
1,279
73,266
58,444
756
75,421
59,810
(D)
680
1,121
5,243
12,976
7,771
5,205
3,721
5,837
2,174
1,851
3,608
987
5,552
556
2,214
522
7,462
339
1,045
74,229
58,882
549
75,071
59,563
(D)
659
1,117
5,187
12,964
7,781
5,183
3,741
5,796
2,180
1,842
3,585
981
5,538
569
2,222
512
7,388
338
(D)
2,429
15,509
3,598
1,379
10,531
688
75,784
60,138
(D)
688
1,116
5,206
12,992
7,805
5,187
3,758
5,857
2,185
1,836
3,542
996
5,578
538
2,217
540
7,762
341
(D)
2,429
15,645
3,638
1,394
10,614
743
76,602
60,657
870
77,498
61,230
(D)
694
1,152
5,417
13,123
7,878
5,246
3,657
5,985
2,151
1,931
3,854
1,013
5,736
573
2,228
560
7,731
335
(D)
2,491
16,268
3,776
1,496
10,996
6,266,753
379,868
-1,352
5,885,533
1,633,896
1,252,775
51,922
6,317,631
382,955
-1,368
5,933,307
1,665,010
1,283,374
66,957
6,353,520
384,677
-1,372
5,967,471
1,661,022
1,299,142
67,177
6,396,258
386,158
-1,381
6,008,719
1,654,236
1,319,884
63,800
Eamings by industry
17 Farm earnings.........................................................
37,363
30,415
38,281
40,070
45,239
35,516
43,583
18 Nonfarm eamings.................................................... 6,201,907 6,296,178 6,221,514 6,287,216 6,318,005 6,357,977 6,422,450
19
Private earnings.................................................. 5,207,266 5,237,834 5,183,449 5,236,524 5,252,668 5,278,694 5,322,430
20
Forestry, fishing, related activities, and other6
19,607
18,888
20,248
19,878
20,989
20,516
21,483
21
Mining...............................................................
52,407
51,864
51,552
51,850
51,540
52,515
52,649
22
Utilities.............................................................
66,861
68,851
68,580
68,690
69,044
69,089
69,684
23
Construction....................................................
398,624
400,587
392,150
397,637
397,393
398,878
406,271
24
Manufacturing.................................................
830,084
798,785
794,521
796,991
804,435
799,191
795,107
25
527,264
Durable goods.............................................
522,032
520,372
521,622
518,871
539,355
517,681
26
Nondurable goods.......................................
276,752
277,171
290,728
276,619
275,651
277,569
277,426
27
326,664
Wholesale trade..............................................
327,810
327,465
328,177
325,482
325,977
325,531
28
Retail trade......................................................
422,807
431,462
430,260
434,915
426,653
434,020
437,079
29
Transportation and warehousing....................
205,994
206,877
206,226
208,107
208,077
202,725
209,758
30
267,487
Information......................................................
268,612
268,026
267,302
266,006
266,535
282,848
31
468,411
Finance and insurance....................................
464,118
465,261
457,018
465,161
470,453
479,521
32
Real estate and rental and leasing.................
109,614
113,709
110,497
113,609
116,412
114,319
116,585
33
569,467
Professional and technical services...............
577,232
566,534
569,811
569,283
572,239
578,771
34
134,394
Management of companies and enterprises...
136,249
133,687
134,702
134,499
134,687
135,114
3b
Administrative and waste services.................
240,111
245,348
246,036
245,769
244,962
244,624
246,255
36
Educational services.......................................
83,179
80,257
81,938
77,348
83,980
86,540
88,279
37
Health care and social assistance..................
551,333
592,005
585,875
609,952
573,288
598,905
620,330
38
75,837
Arts, entertainment, and recreation................
72,612
74,594
75,520
77,192
76,042
76,819
39
Accomodation and food services...................
208,529
207,717
201,106
205,169
209,655
211,576
212,954
Other services, except public administration...
40
176,811
179,898
178,184
179,481
180,195
181,731
183,261
41
994,641 1,058,344 1,038,065 1,050,691 1,065,337 1,079,283 1,100,019
Government and government enterprises..........
42
Federal, civilian...............................................
190,134
200,949
196,814
198,991
201,877
206,114
212,275
43
Military..............................................................
79,585
90,049
90,015
90,502
88,526
91,151
99,457
44
State and local................................................
724,922
767,347
782,667
752,726
761,686
772,309
788,288
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
Alabama
2002
Item
(D)
660
1,131
5,283
12,939
7,344
5,595
3,696
5,637
2,174
1,860
3,411
920
5,519
521
2,065
488
6,942
331
(D)
2,426
14,821
3,467
1,242
10,112
(D)
2,434
15,611
3,617
1,381
10,613
(D)
682
1,102
5,263
12,859
7,610
5,249
3,735
5,772
2,163
1,813
3,520
961
5,374
562
2,197
503
7,119
336
(D)
2,424
15,346
3,579
1,371
10,397
(D)
689
1,149
5,314
13,087
7,887
5,199
3,649
5,926
2,169
1,915
3,785
1,009
5,720
556
2,221
532
7,579
342
(D)
2,456
15,945
3,653
1,379
10,912
August 2003
71
S u r v e y o f C u r r e n t B u s in e s s
and Earnings by Industry, 2001-2003:11
seasonally adjusted at annual rates]
Alaska
Arizona
2002
2001
2003
2002r
2001
lr
II'
III'
IV r
Ip
Arkansas
2002
2003
2002'
2002
2001
I'
IIr
III'
IV r
I"
2003
Line
2002 r
\'
I I'
III'
IV '
I"
19,660
19,648
12
20,467
20,457
10
20,091
20,079
11
20,273
20,264
9
20,607
20,596
10
20,898
20,887
11
21,136
21,124
12
137,331
136,619
712
142,725
141,767
957
140,528
139,163
1,365
142,215
141,558
656
143,274
142,453
821
144,881
143,895
986
146,119
145,232
887
61,304
60,211
1,092
63,463
62,524
939
62,408
61,412
996
63,291
62,412
879
63,686
62,773
913
64,464
63,499
966
65,545
64,159
1,386
1
2
3
14,953
778
-939
13,236
3,271
3,152
106
15,763
834
-1,180
13,749
3,291
3,428
184
15,432
819
-1,156
13,456
3,264
3,371
192
15,555
823
-1,165
13,567
3,302
3,403
185
15,890
841
-1,189
13,860
3,300
3,446
189
16,174
854
-1,210
14,111
3,298
3,490
171
16,333
866
-1,220
14,247
3,296
3,594
215
97,001
5,969
449
91,481
26,859
18,991
291
99,953
6,246
592
94,299
27,233
21,192
571
98,543
6,140
586
92,989
26,875
20,663
559
99,360
6,228
585
93,717
27,466
21,032
612
100,277
6,276
593
94,594
27,372
21,309
574
101,631
6,338
603
95,896
27,221
21,764
540
102,569
6,440
609
96,738
27,181
22,200
491
41,727
2,718
-327
38,682
11,148
11,473
303
43,040
2,860
-502
39,677
11,225
12,560
471
42,351
2,814
-485
39,052
11,102
12,254
429
42,861
2,852
-498
39,511
11,283
12,497
511
43,167
2,871
-504
39,792
11,269
12,626
478
43,780
2,904
-521
40,355
11,246
12,864
467
44,676
2,953
-527
41,196
11,236
13,113
467
4
5
6
7
8
9
10
3,046
3,243
3,179
3,218
3,258
3,319
3,379
18,700
20,621
20,105
20,420
20,735
21,224
21,709
11,170
12,089
11,825
11,986
12,147
12,398
12,646
11
11,328
1,800
1,825
5
1,820
11,827
2,002
1,934
4
1,930
11,631
1,924
1,877
5
1,872
11,684
1,960
1,911
2
1,908
11,906
2,035
1,949
3
1,946
12,088
2,088
1,999
4
1,995
12,177
2,130
2,027
5
2,021
78,679
8,347
9,975
363
9,612
80,167
9,086
10,699
584
10,115
78,937
8,721
10,885
997
9,888
80,047
8,973
10,339
286
10,053
80,470
9,198
10,609
446
10,163
81,215
9,453
10,964
607
10,357
81,961
9,585
11,023
506
10,518
32,526
4,004
5,197
813
4,384
33,327
4,363
5,349
640
4,710
32,843
4,202
5,307
701
4,606
33,272
4,318
5,271
583
4,688
33,412
4,402
5,353
612
4,741
33,782
4,531
5,467
662
4,805
34,118
4,602
5,956
1,081
4,875
12
13
14
15
16
12
14,942
10,212
(D)
10
15,753
10,682
(D)
(D)
143
1,276
492
(D)
(D)
297
1,027
1,068
457
427
190
809
162
404
91
1,266
174
660
(D)
5,071
1,215
1,192
2,664
11
15,421
10,483
(D)
(D)
139
1,194
506
(D)
(D)
298
1,006
1,046
456
418
186
798
158
405
87
1,203
172
649
(D)
4,937
1,198
1,170
2,569
9
15,546
10,534
(D)
(D)
144
1,241
477
(D)
(D)
294
1,015
1,050
456
424
186
804
158
403
89
1,237
173
656
(D)
5,012
1,196
1,187
2,629
10
15,880
10,715
(D)
(D)
144
1,297
484
(D)
(D)
295
1,039
1,096
457
423
190
807
160
406
90
1,291
175
663
(D)
5,165
1,219
1,206
2,740
11
16,164
10,996
(D)
(D)
148
1,373
502
(D)
(D)
300
1,048
1,081
457
444
196
826
172
402
95
1,332
177
672
(D)
5,168
1,249
1,203
2,716
12
16,321
11,021
(D)
(D)
153
1,368
507
(0)
(D)
298
1,066
1,088
444
458
191
843
164
387
98
1,345
174
668
(D)
5,300
1,260
1,309
2,730
712
96,289
80,301
288
621
832
8,296
11,021
9,507
1,514
5,353
7,885
2,982
2,938
6,412
2,491
7,235
1,282
5,637
823
8,348
1,221
4,015
2,622
15,988
3,101
1,319
11,568
957
98,996
81,565
314
584
880
8,455
10,358
8,950
1,408
5,302
8,123
3,015
2,847
6,657
2,609
7,244
1,276
5,739
939
9,135
1,270
4,162
2,656
17,431
3,378
1,484
12,569
1,365
97,178
80,267
295
586
862
8,544
10,356
8,944
1,412
5,238
7,972
2,950
2,819
6,401
2,509
7,116
1,313
5,682
882
8,789
1,241
4,084
2,628
16,912
3,270
1,452
12,190
656
98,704
81,346
309
595
876
8,354
10,408
9,005
1,403
5,349
8,114
2,975
2,848
6,633
2,593
7,244
1,283
5,739
922
9,040
1,275
4,132
2,658
17,358
3,337
1,475
12,545
887
821
986
99,456 100,646 101,682
81,832 82,816 83,673
328
336
325
573
580
566
904
880
908
8,728
8,406
8,516
10,272
10,372
10,295
8,841
8,972
8,878
1,417
1,431
1,400
5,294
5,286
5,325
8,263
8,201
8,207
3,191
3,033
3,103
2,917
2,803
2,917
6,599
6,997
7,118
2,747
2,605
2,729
7,234
7,383
7,235
1,242
1,280
1,263
5,764
5,833
5,773
947
1,031
1,003
9,254
9,679
9,459
1,286
1,276
1,288
4,284
4,186
4,246
2,714
2,655
2,683
17,624
18,009
17,830
3,389
3,580
3,515
1,671
1,503
1,506
12,758
12,731
12,809
1,092
40,635
33,461
367
268
424
2,526
7,764
4,319
3,444
1,974
2,983
2,296
1,271
1,603
517
1,821
1,461
1,087
232
4,226
211
1,181
1,251
7,174
1,289
939
42,101
34,460
389
265
436
2,719
7,654
4,287
3,367
2,039
3,068
2,446
1,285
1,660
541
1,832
1,542
1,119
246
4,502
217
1,231
1,270
7,641
1,370
554
5,717
996
41,355
33,853
377
261
426
2,695
7,618
4,273
3,344
2,008
3,014
2,396
1,272
1,572
523
1,774
1,520
1,098
240
4,366
215
1,217
1,261
7,502
1,343
549
5,610
879
41,981
34,312
380
265
442
2,728
7,678
4,319
3,359
2,032
3,056
2,414
1,299
1,656
533
1,821
1,492
1,112
244
4,456
216
1,220
1,268
7,670
1,358
557
5,755
913
42,254
34,649
396
265
438
2,734
7,669
4,283
3,386
2,057
3,095
2,486
1,276
1,676
544
1,858
1,508
1,128
245
4,544
219
1,239
1,270
7,605
1,375
560
5,670
966
42,814
35,027
401
267
439
2,717
7,653
4,273
3,380
2,059
3,105
2,487
1,293
1,735
565
1,876
1,648
1,137
254
4,643
217
1,248
1,281
7,787
1,404
550
5,834
1,386
43,290
35,363
411
269
444
2,731
7,720
4,289
3,431
2,057
3,111
2,537
1,303
1,769
557
1,877
1,674
1,134
262
4,743
215
1,262
1,287
7,927
1,452
600
5,875
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
(D)
125
1,144
503
(D)
(D)
289
970
1,032
452
418
180
781
153
387
77
1,145
165
623
(D)
4,730
1,167
1,054
2,509
484
5,400
42
43
44
72
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
California
Line
Item
2002
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4........................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
IIr
2002
2003
2002'
\’
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
Colorado
III'
IV '
Ip
1,129,868 1,155,247 1,138,401 1,152,672 1,160,385 1,169,530 1,178,715
1,123,382 1,147,594 1,129,969 1,145,865 1,152,746 1,161,795 1,170,107
8,432
6,807
6,486
7,653
7,639
7,735
8,608
2001
2003
2002r
\'
II'
III'
IV r
I"
148,239
147,529
709
149,481
148,816
665
147,880
147,198
682
149,421
148,786
635
149,961
149,303
658
150,665
149,979
686
151,774
150,927
847
830,829
48,353
200
782,675
213,091
134,103
3,427
837,419
49,354
347
788,412
216,024
150,811
8,841
828,653
48,932
329
780,050
213,170
145,181
6,223
834,180
49,216
337
785,301
218,621
148,750
7,952
838,729
49,407
358
789,680
217,255
153,449
10,813
848,114
49,862
364
798,616
215,050
155,864
10,377
858,715
50,721
365
808,359
214,662
155,695
7,379
114,685
6,232
113
108,566
26,718
12,954
305
114,201
6,278
113
108,036
27,085
14,360
786
113,386
6,257
108
107,236
26,699
13,944
642
113,957
6,266
112
107,803
27,276
14,342
873
114,415
6,286
114
108,244
27,230
14,487
852
115,046
6,301
117
108,862
27,133
14,670
777
116,076
6,384
120
109,812
27,134
14,827
679
130,676
141,970
138,958
140,798
142,636
145,487
148,316
12,649
13,574
13,302
13,468
13,635
13,893
14,149
Earnings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
647,035
69,363
114,430
1,450
112,980
643,093
73,387
120,939
2,253
118,686
638,577
70,972
119,104
3,111
115,993
642,158
72,475
119,547
1,451
118,096
643,080
74,153
121,497
2,206
119,291
648,558
75,949
123,607
2,243
121,364
655,276
77,119
126,319
3,089
123,230
88,436
10,504
15,745
333
15,412
86,749
11,068
16,384
261
16,122
86,601
10,746
16,038
284
15,754
86,706
10,935
16,315
234
16,081
86,767
11,177
16,472
252
16,220
86,922
11,415
16,710
275
16,434
87,462
11,560
17,054
435
16,620
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
Forestry, fishing, related activities, and other6
20
21
Mining..............................................................
22
Utilities..............................................................
Construction....................................................
23
Manufacturing.................................................
24
Durable goods.............................................
25
Nondurable goods.......................................
26
27
Wholesale trade..............................................
Retail trade......................................................
28
Transportation and warehousing.....................
29
Information......................................................
30
31
Finance and insurance....................................
Real estate and rental and leasing.................
32
Professional and technical services................
33
34
Management of companies and enterprises...
35
Administrative and waste services.................
Educational services.......................................
36
37
Health care and social assistance...................
Arts, entertainment, and recreation................
38
Accomodation and food services....................
39
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
6,486
824,343
696,359
4,041
2,109
7,557
51,924
105,672
77,552
28,120
38,822
55,582
22,445
51,052
53,867
17,174
97,246
21,644
35,045
8,371
58,823
13,169
28,014
23,802
127,984
17,482
9,384
101,117
7,653
829,766
693,319
4,364
1,983
7,829
52,994
97,501
70,811
26,690
38,887
56,769
22,439
48,412
55,145
17,919
92,599
19,636
35,352
9,173
64,409
13,913
29,336
24,658
136,446
18,449
10,700
107,297
8,432
820,221
687,719
4,233
2,073
7,634
52,837
99,290
72,446
26,843
38,601
56,077
21,991
48,821
53,417
17,187
93,019
19,424
35,459
8,833
62,137
13,607
28,709
24,368
132,502
17,978
10,420
104,104
6,807
827,373
692,257
4,305
1,961
7,784
52,831
98,135
71,241
26,894
38,807
56,738
22,378
48,302
54,780
17,983
92,745
19,740
35,257
9,099
63,654
13,790
29,376
24,592
135,116
18,197
10,653
106,265
7,639
831,091
692,861
4,429
1,966
7,992
52,685
96,629
70,112
26,516
39,038
57,120
22,665
47,693
55,663
18,067
91,689
19,640
35,197
9,234
65,082
13,890
29,496
24,685
138,229
18,589
10,835
108,805
7,735
840,378
700,440
4,489
1,931
7,908
53,623
95,952
69,445
26,507
39,102
57,140
22,723
48,833
56,719
18,439
92,943
19,741
35,496
9,526
66,761
14,367
29,762
24,986
139,938
19,032
10,892
110,014
8,608
850,107
707,192
4,654
1,951
8,056
55,149
96,201
69,379
26,822
39,228
57,404
22,752
48,635
57,885
18,442
94,325
19,710
35,900
9,649
67,555
14,405
30,128
25,162
142,915
19,668
12,075
111,172
709
113,975
96,976
133
1,800
1,126
9,927
9,976
7,329
2,647
6,022
7,253
3,341
10,351
7,571
2,852
12,500
1,580
4,931
829
7,808
1,817
4,051
3,105
17,000
3,626
1,813
11,560
665
113,536
95,061
139
1,686
1,156
9,714
9,455
6,941
2,515
5,768
7,317
3,305
9,247
7,556
2,925
11,856
1,559
4,889
837
8,479
1,854
4,156
3,163
18,475
3,801
2,053
12,621
682
112,704
94,700
140
1,747
1,157
9,713
9,548
7,021
2,527
5,789
7,278
3,249
9,315
7,459
2,837
12,022
1,468
4,941
816
8,140
1,858
4,098
3,124
18,004
3,760
2,004
12,239
635
113,322
95,029
137
1,673
1,158
9,830
9,573
7,027
2,545
5,836
7,323
3,290
9,220
7,367
2,928
11,857
1,526
4,927
821
8,395
1,833
4,166
3,170
18,293
3,743
2,059
12,491
658
113,758
95,150
140
1,679
1,146
9,752
9,466
6,949
2,517
5,799
7,349
3,335
9,138
7,552
2,942
11,777
1,520
4,883
844
8,604
1,860
4,182
3,183
18,608
3,791
2,085
12,731
686
114,360
95,365
140
1,644
1,165
9,558
9,234
6,765
2,469
5,648
7,319
3,346
9,314
7,847
2,994
11,766
1,721
4,806
868
8,775
1,864
4,178
3,177
18,995
3,910
2,064
13,021
847
115,229
95,847
147
1,680
1,181
9,569
9,124
6,639
2,485
5,595
7,336
3,349
9,329
8,177
2,983
11,867
1,693
4,785
879
8,859
1,888
4,254
3,151
19,381
4,051
2,271
13,060
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
C
urrent
73
B u sin e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Connecticut
2001
2002
2003
2002'
2001
I'
II'
III'
IV '
Ip
147,269
147,105
164
148,249
148,097
152
148,840
148,682
158
148,486
148,324
162
149,514
149,339
175
25,624
25,457
167
101,631 102,288 101,707
5,991
6,032
5,975
7,560
7,492
7,513
103,200 103,748 103,245
27,900 27,837 27,739
17,149
17,255 17,502
1,034
1,088
1,035
102,491
6,058
7,572
104,006
27,701
17,807
1,095
145,548
145,358
190
148,211
148,052
159
101,700
5,913
6,389
102,176
27,525
15,847
489
101,855 101,794
6,024
6,005
7,498
7,425
103,347 103,195
27,712 27,372
16,702
17,152
989
800
District of Columbia
Delaware
2002
2002
2003
2002'
2001
2003
Line
2002'
I'
I I'
III'
IV '
|p
24,204
24,204
0
24,677
24,677
0
24,768
24,768
0
25,393
25,393
0
25,475
25,475
0
1
2
3
50,390 51,382 51,513 52,757 53,863
20,418 49,161
51,511
2,647
2,697
2,700
2,768
2,838
1,265
2,536
2,703
-1,572 -30,843 -31,737 -31,150 -31,723 -31,765 -32,309 -33,273
15,782
17,071
16,593
16,963 17,048
17,680 17,752
17,581
4,627
4,597
5,147
4,619
4,561
4,641
4,608
4,609
3,105
2,860
3,051
3,073
3,093
3,126
3,690
3,080
67
164
127
154
168
157
108
218
4
5
6
7
8
9
10
I'
I I'
III'
IV '
I"
26,084
26,027
57
25,929
25,872
57
26,090
26,033
57
26,175
26,118
57
26,143
26,085
59
26,418
26,264
153
19,959
1,209
-1,412
17,338
5,133
3,152
89
20,323
1,262
-1,610
17,451
5,165
3,468
160
20,373
1,270
-1,634
17,469
5,103
3,357
127
20,305
1,261
-1,615
17,430
5,211
3,449
171
20,372
1,265
-1,612
17,495
5,190
3,490
165
20,242
1,253
-1,578
17,412
5,157
3,574
175
23,262
23,262
0
24,760
24,760
0
15,358
16,163
15,902
16,062
16,221
16,468
16,712
3,063
3,308
3,230
3,277
3,325
3,399
3,472
2,793
2,927
2,883
2,910
2,936
2,977
3,018
11
81,161
8,646
11,893
58
11,835
80,268
9,104
12,483
18
12,465
80,636
8,905
12,252
25
12,227
80,185
9,003
12,443
12
12,431
80,534
9,211
12,543
16
12,527
79,716
9,295
12,695
19
12,676
80,278
9,377
12,837
31
12,807
16,475
1,891
1,593
127
1,466
16,745
2,053
1,525
15
1,510
16,875
2,006
1,493
15
1,478
16,749
2,036
1,519
14
1,505
16,765
2,074
1,533
14
1,519
16,591
2,097
1,554
15
1,539
16,643
2,111
1,664
110
1,554
39,098
7,190
2,874
0
2,874
40,585
7,904
3,022
0
3,022
39,802
7,637
2,951
0
2,951
40,553
7,825
3,005
0
3,005
40,495
7,977
3,041
0
3,041
41,493
8,174
3,090
0
3,090
42,248
8,497
3,118
0
3,118
12
13
14
15
16
164
190
159
152
158
162
175
101,510 101,696 101,629 101,478 102,130 101,544 102,317
88,854 88,217 88,458 88,029 88,586 87,794 88,413
37
38
38
39
39
38
40
114
111
114
109
113
116
116
1,093
995
1,072
1,073
1,080
1,087
1,055
5,112
5,193
5,147
5,303
5,201
4,969
4,953
14,287
13,791
14,748 14,100
14,212
14,110
13,751
10,242
10,277
10,156 10,000
9,944
10,435 10,169
3,954
4,045
3,934
3,791
3,807
4,313
3,931
5,122
4,953
5,196
5,035
4,988
4,595
4,553
6,491
6,485
6,585
6,579
6,416
6,413
6,480
1,838
1,869
1,865
1,832
1,867
1,828
1,851
3,697
3,474
3,467
3,400
3,496
3,487
3,459
14,600
14,573 14,822
14,763
14,943 14,982
15,206
1,667
1,652
1,669
1,633
1,668
1,709
1,694
9,767
10,147
9,773
9,725
9,628
9,723
9,685
3,494
3,298
2,877
3,018
3,076
3,113
3,152
3,512
3,430
3,410
3,415
3,393
3,325
3,378
1,992
2,099
2,144
2,185
2,237
2,294
2,166
10,063 10,260 10,452
9,715 10,364
10,680
10,798
914
899
874
908
903
925
873
2,354
2,446
2,461
2,473
2,500
2,470
2,499
2,367
2,409
2,397
2,400
2,420
2,376
2,400
13,171
13,545 13,750
13,904
12,656 13,479
13,449
1,424
1,452
1,457
1,480
1,532
1,480
1,554
542
624
640
624
630
631
691
11,095 11,362 11,425
11,594
10,691
11,369
11,658
167
19,793
17,119
(D)
(D)
206
1,155
2,099
960
1,140
795
1,267
439
569
2,126
287
2,449
1,872
668
172
1,784
195
522
486
2,673
351
278
2,044
57
20,266
17,283
(D)
(D)
226
1,189
2,313
977
1,337
829
1,323
433
566
2,221
281
2,392
1,497
630
194
1,909
214
545
490
2,983
380
325
2,279
57
20,316
17,505
(0)
(D
203
1,228
2,324
939
1,386
820
1,302
433
569
2,320
282
2,446
1,672
640
182
1,833
205
538
481
2,811
368
314
2,130
57
20,248
17,214
(D)
(D)
203
1,198
2,286
1,015
1,271
813
1,319
433
580
2,225
276
2,338
1,541
638
182
1,908
214
541
490
3,034
374
323
2,337
57
20,315
17,399
(D)
(D)
285
1,187
2,328
1,003
1,325
839
1,337
437
562
2,251
281
2,333
1,511
625
209
1,923
217
548
497
2,916
387
331
2,198
59
20,184
17,013
(0)
(D)
213
1,145
2,315
951
1,364
844
1,335
428
556
2,089
285
2,451
1,265
617
204
1,972
222
553
490
3,171
391
330
2,450
153
20,265
17,080
(D)
(D)
217
1,147
2,220
869
1,351
855
1,350
439
558
2,128
290
2,480
1,292
603
205
2,005
218
549
495
3,185
405
362
2,417
0
49,161
29,467
(0)
(D)
(D)
649
257
114
143
316
510
(D)
(D)
2,051
632
10,614
359
1,385
1,494
2,477
343
(D)
3,100
19,694
16,435
1,276
1,983
0
51,511
30,744
(D)
(D)
(D)
739
221
101
120
316
524
(°)
(D)
2,016
643
11,097
342
1,426
1,595
2,683
336
(D)
3,231
20,767
17,158
1,430
2,179
0
50,390
29,951
(D)
(D)
(D)
686
232
113
119
304
525
(D)
(D)
2,047
642
10,841
266
1,411
1,582
2,572
330
(D)
3,165
20,439
16,921
1,406
2,112
0
51,382
30,532
(D)
(D)
(D)
711
221
101
120
305
522
(0)
(D)
2,113
646
11,009
303
1,427
1,561
2,670
336
(D)
3,212
20,851
17,070
1,420
2,361
0
51,513
30,860
(D)
(D)
(D)
757
221
97
125
316
521
(D)
(D)
1,933
635
11,115
477
1,449
1,597
2,737
324
(D)
3,251
20,653
17,241
1,448
1,964
0
52,757
31,633
(D)
(D)
(D)
804
210
94
116
338
527
(D)
(D)
1,970
650
11,422
321
1,419
1,640
2,754
354
(D)
3,297
21,124
17,398
1,445
2,281
0
53,863
31,727
(D)
(D)
(D)
772
206
92
113
327
537
(D)
(D)
1,990
640
11,726
323
1,445
1,646
2,762
327
(D)
3,266
22,136
18,187
1,577
2,373
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
74
August 2003
State Personal Income
Table 4. Personal Income by Major Source
[Millions of dollars,
Florida
Line
2002
Item
2001
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
Farm income (line 17).........................................
3
Georgia
2003
2002'
2002
2001
I'
I I'
III'
IV '
2003
2002'
I"
I'
I I'
III'
IV '
Ip
475,607
473,783
1,824
494,027
491,982
2,045
485,611
483,188
2,423
493,048
491,289
1,759
495,859
493,992
1,867
501,588
499,456
2,132
506,154
503,980
2,174
239,754
237,837
1,917
245,707
244,411
1,296
243,028
241,328
1,700
245,628
244,659
969
246,123
244,886
1,237
248,050
246,770
1,280
251,170
249,627
1,543
296,484
18,526
1,024
278,983
123,220
73,404
1,020
307,535
19,554
1,063
289,045
125,033
79,949
2,022
302,066
19,215
1,065
283,916
123,572
78,123
1,859
306,239
19,489
1,068
287,818
125,664
79,566
2,287
308,569
19,633
1,064
290,000
125,574
80,285
1,990
313,267
19,878
1,057
294,445
125,321
81,822
1,954
316,985
20,233
1,066
297,818
125,366
82,970
1,541
183,091
10,515
-494
172,081
39,748
27,924
609
185,814
10,878
-313
174,623
40,336
30,748
1,196
184,467
10,804
-321
173,342
39,752
29,934
1,064
185,512
10,884
-319
174,308
40,712
30,608
1,321
185,824
10,876
-302
174,646
40,570
30,908
1,204
187,453
10,946
-309
176,197
40,310
31,543
1,193
190,484
11,174
-334
178,976
40,292
31,901
911
72,385
77,927
76,264
77,280
78,294
79,868
81,429
27,315
29,552
28,870
29,287
29,703
30,350
30,991
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
239,274
27,936
29,274
641
28,632
245,933
30,430
31,172
776
30,396
242,050
29,227
30,789
1,173
29,616
245,452
30,030
30,757
501
30,257
246,662
30,753
31,154
590
30,563
249,569
31,708
31,990
842
31,148
252,311
32,257
32,417
878
31,539
144,204
17,423
21,463
1,568
19,895
145,266
18,776
21,772
923
20,849
144,504
18,204
21,759
1,332
20,428
145,552
18,606
21,354
599
20,755
145,086
18,924
21,814
862
20,952
145,924
19,369
22,161
901
21,259
147,948
19,736
22,800
1,162
21,638
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
Forestry, fishing, related activities, and other6
20
21
Mining...............................................................
22
Utilities........
Construction
23
24
Manufacturing
25
Durable goods
26
Nondurable goods.......................................
27
Wholesale trade
28
Retail trade..
Transportation and warehousing.....................
29
Information......................................................
30
31
Finance and insurance....................................
32
Real estate and rental and leasing..................
33
Professional and technical services................
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance...................
38
Arts, entertainment, and recreation................
39
Accomodation and food services...................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military..............................................................
44
State and local................................................
1,824
294,661
247,078
1,195
424
2,982
20,252
19,451
13,308
6,143
16,595
25,026
9,385
11,212
19,440
7,717
25,282
4,212
21,123
2,797
30,782
6,345
13,285
9,574
47,583
8,030
4,670
34,883
2,045
305,490
254,514
1,246
400
3,088
21,042
19,348
13,509
5,840
16,772
25,521
9,480
10,720
20,353
8,174
25,717
4,625
22,238
3,023
32,829
6,416
13,772
9,750
50,976
8,523
5,402
37,052
2,423
299,644
249,897
1,223
390
3,115
20,704
19,246
13,515
5,731
16,594
25,069
9,284
10,718
19,787
7,860
25,153
4,381
22,278
2,887
31,811
6,309
13,481
9,606
49,747
8,331
5,314
36,102
1,759
304,481
253,889
1,230
407
3,101
21,023
19,512
13,640
5,872
16,856
25,389
9,498
10,645
20,162
8,059
25,568
4,682
22,639
2,957
32,343
6,391
13,715
9,713
50,591
8,390
5,387
36,815
1,867
306,703
255,686
1,273
396
3,098
21,010
19,374
13,493
5,880
16,826
25,753
9,609
10,594
20,484
8,257
25,955
4,607
22,034
3,082
33,273
6,402
13,858
9,804
51,017
8,494
5,457
37,065
2,132
311,135
258,584
1,257
407
3,040
21,432
19,261
13,385
5,875
16,815
25,873
9,530
10,922
20,977
8,522
26,194
4,830
21,999
3,164
33,889
6,560
14,034
9,879
52,551
8,875
5,451
38,225
2,174
314,811
260,798
1,330
411
3,043
21,598
19,262
13,424
5,838
16,948
25,882
9,536
10,867
21,479
8,537
26,866
4,855
22,025
3,294
34,223
6,463
14,159
10,020
54,014
9,247
5,960
38,806
1,917
181,174
152,214
544
455
2,256
11,279
21,449
10,023
11,426
12,769
12,420
8,623
12,628
10,313
3,419
15,901
5,281
7,528
1,969
13,454
1,421
5,677
4,828
28,960
6,192
3,984
18,784
1,296
184,518
153,200
562
446
2,380
11,155
20,820
9,725
11,095
12,525
12,491
8,615
12,177
10,736
3,549
15,879
5,067
7,800
2,141
14,557
1,483
5,867
4,951
31,318
6,639
4,442
20,236
1,700
182,768
152,114
553
460
2,395
11,295
20,938
9,808
11,130
12,381
12,416
8,560
12,132
10,525
3,455
15,756
5,204
7,752
2,041
14,048
1,583
5,749
4,869
30,654
6,503
4,393
19,757
969
184,543
153,411
558
440
2,414
11,170
20,972
9,860
11,112
12,665
12,492
8,638
12,210
10,703
3,559
15,995
5,042
7,809
2,079
14,412
1,425
5,876
4,951
31,132
6,600
4,450
20,081
1,237
184,587
153,113
581
441
2,312
11,103
20,690
9,618
11,072
12,570
12,526
8,593
12,106
10,734
3,571
15,829
5,018
7,846
2,167
14,793
1,409
5,860
4,963
31,474
6,639
4,478
20,357
1,280
186,173
154,161
557
442
2,397
11,053
20,680
9,614
11,066
12,484
12,528
8,669
12,260
10,981
3,611
15,935
5,004
7,794
2,278
14,974
1,514
5,984
5,019
32,011
6,815
4,446
20,750
1,543
188,941
156,128
598
446
2,414
11,490
20,593
9,672
10,921
12,512
12,680
8,811
12,290
11,246
3,529
16,394
5,005
7,900
2,345
15,248
1,532
6,039
5,057
32,813
6,976
4,852
20,985
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4........................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
Earnings by place of work
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
C
urrent
75
B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Hawaii
Idaho
2002
2001
2003
2002'
2001
I'
I I'
III'
IV '
I"
Illinois
2002
2003
2002'
2002
2001
I'
I I'
III'
IV '
2003
Line
2002'
\”
I'
I I'
III'
IV '
I"
35,625
35,440
186
37,397
37,195
202
36,757
36,557
199
37,244
37,045
200
37,570
37,367
203
38,016
37,811
205
38,773
38,569
204
32,363
31,400
963
33,585
32,572
1,013
33,294
31,969
1,325
33,221
32,456
765
33,695
32,774
920
34,129
33,089
1,040
34,638 413,044 419,858 415,157 420,863 420,922 422,491 426,906
33,467 411,953 419,090 413,859 420,450 420,434 421,617 425,656
874
1,171
1,091
768
1,298
413
488
1,251
1
2
3
25,698
1,438
0
24,260
6,993
4,372
142
27,166
1,547
0
25,619
7,072
4,705
232
26,605
1,519
0
25,086
7,003
4,667
269
26,948
1,534
0
25,414
7,120
4,710
266
27,318
1,555
0
25,763
7,100
4,707
218
27,795
1,580
0
26,215
7,064
4,737
177
28,539
1,632
0
26,908
7,059
4,806
176
22,773
1,320
425
21,878
6,102
4,383
161
23,396
1,375
476
22,497
6,198
4,890
271
23,304
1,354
469
22,418
6,127
4,749
251
23,022
1,367
476
22,132
6,227
4,863
291
23,454
1,385
478
22,547
6,224
4,923
278
23,805
1,395
479
22,889
6,215
5,024
265
24,116 300,146 301,858 299,445 302,435 302,286 303,265 307,156
1,412
17,267 17,629
17,697
17,647 17,964
17,505
17,666
483 -1,271
-899
-910
-955
-890
-840
-893
23,187 281,609 283,330 281,030 283,783 283,729 284,778 288,298
6,218 84,051
85,048 84,014 85,462 85,425 85,293 85,321
5,233 47,384 51,479 50,113 51,617 51,767 52,420 53,287
360
1,884
3,516
2,913
3,951
3,635
3,565
3,716
4
5
6
7
8
9
10
4,230
4,473
4,398
4,444
4,490
4,560
4,631
4,222
4,619
4,498
4,572
4,645
4,759
19,897
3,014
2,788
-1
2,789
20,841
3,380
2,945
2
2,944
20,490
3,253
2,861
2
2,859
20,696
3,324
2,928
1
2,927
20,926
3,420
2,973
1
2,971
21,251
3,524
3,020
2
3,018
21,794
3,678
3,067
0
3,067
16,855
1,996
3,922
588
3,334
17,099
2,149
4,148
610
3,537
16,867
2,077
4,359
928
3,431
17,020
2,119
3,883
366
3,517
17,197
2,180
4,076
516
3,561
186
25,513
17,905
47
49
204
1,593
646
(D)
(D)
737
1,918
1,148
862
937
647
1,615
382
1,010
377
2,257
319
2,369
788
7,608
1,970
2,571
3,068
202
26,965
18,614
49
50
209
1,754
617
(D)
(D)
753
1,940
1,091
868
1,013
664
1,731
454
1,118
392
2,357
327
2,430
797
8,351
2,083
2,889
3,379
199
26,405
18,197
48
49
203
1,636
615
(D)
(D)
746
1,883
1,060
873
1,123
637
1,692
444
1,060
382
2,297
317
2,347
785
8,208
2,018
2,854
3,336
200
26,748
18,415
48
50
211
1,736
622
(D)
(D)
743
1,921
1,078
857
946
662
1,707
458
1,106
388
2,362
323
2,401
795
8,333
2,047
2,882
3,405
203
27,115
18,759
50
51
212
1,812
616
(D)
(D)
764
1,947
1,107
859
980
665
1,749
437
1,140
393
2,372
328
2,480
799
8,356
2,092
2,918
3,347
205
27,590
19,084
51
51
211
1,832
615
(D)
(D)
757
2,009
1,117
884
1,003
691
1,775
477
1,168
406
2,397
339
2,494
808
8,506
2,174
2,903
3,429
204
28,335
19,385
52
51
214
1,904
626
(D)
(D)
754
2,029
1,131
888
1,024
690
1,812
491
1,161
419
2,471
330
2,523
814
8,949
2,244
3,195
3,511
963
21,810
17,695
277
147
212
2,115
3,075
2,130
945
1,057
1,915
657
391
837
331
1,749
581
712
150
1,929
232
720
608
4,115
794
309
3,012
1,013
22,383
18,052
303
143
267
2,071
3,053
2,167
886
1,048
1,957
664
382
890
342
1,761
547
775
166
2,081
249
745
606
4,331
858
347
3,126
1,325
21,979
17,685
290
140
355
1,983
2,953
2,064
890
1,014
1,928
658
384
856
329
1,768
542
752
163
2,019
220
734
598
4,294
834
348
3,111
765
22,257
17,960
296
144
235
2,064
3,120
2,240
880
1,035
1,954
663
381
880
340
1,739
543
764
159
2,049
251
739
605
4,296
851
353
3,092
920
22,534
18,158
310
145
245
2,084
3,061
2,175
886
1,077
1,969
666
373
899
346
1,766
539
791
164
2,123
243
750
607
4,376
871
349
3,156
48,855
49,571
11
240,564 239,556 239,141
28,190 28,540 28,971
33,682 34,190 35,154
-22
47
429
33,703 34,143 34,725
241,796
29,311
36,049
804
35,246
12
13
14
15
16
1,171
1,091
768
413
488
874
1,251
1,298
22,945 299,056 301,090 298,147 302,023 301,798 302,391 305,905
18,508 258,598 258,890 256,424 259,602 259,783 259,753 262,993
322
271
246
256
251
251
260
263
147
1,597
1,490
1,533
1,515
1,518
1,536
1,563
238
2,814
2,764
2,824
2,866
2,729
2,635
2,623
18,641
19,284
2,197
19,102
18,874
18,792
19,456 20,115
39,987
3,008 41,563 40,238 40,276 40,495 40,481
39,701
25,064 25,013 24,688 24,922
2,133 25,977 24,929 24,951
875
15,586
15,309
15,325
15,430 15,468
15,013 15,065
1,055 19,525
19,168
19,056
19,190 19,348
19,078 19,099
1,975 17,524
17,765
17,753
17,626 17,783 17,898 18,086
667
11,794
11,885
11,518
11,803 11,958
11,898 11,946
390
10,521
10,427
10,543 10,602
10,905
10,600 10,513
946 26,717 26,986 26,592 27,232 27,014 27,107 27,562
5,864
5,434
5,537
360
5,253
5,490
5,208
5,455
1,792 34,340 33,504 33,403 33,668 33,311
33,633 34,393
569
7,397
7,418
7,260
7,657
7,451
7,306
7,358
818
12,042 11,899
11,891
12,045
11,902
11,757
12,038
184
3,939
4,179
4,043
4,164
4,205
4,303
4,448
2,178 24,608 26,032 25,288 25,794 26,309 26,738 27,155
3,137
298
2,929
3,324
3,041
3,088
3,097
3,069
8,124
8,407
758
8,101
8,251
8,179
8,295
8,291
607
8,794
8,817
8,884
8,818
8,678
8,853
8,915
4,437 40,458 42,199 41,723 42,421
42,015 42,638 42,912
876
6,255
6,404
6,356
6,341
6,367
6,550
6,728
362
2,033
2,102
2,208
2,175
2,062
1,960
2,149
3,198 32,170 33,694 33,159 33,904 33,585 34,128 34,035
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
4,872
45,500
47,963
47,200
17,313
2,220
4,272
632
3,640
17,410 240,715 239,317
2,240 26,883 28,301
4,466 32,548 34,239
760
682
330
3,706 31,866 33,909
238,009
27,504
33,932
867
33,065
1,040
22,764
18,405
316
144
232
2,154
3,077
2,189
888
1,066
1,976
670
392
925
355
1,773
563
794
179
2,134
284
757
613
4,360
876
337
3,146
47,666
48,132
76
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
Indiana
Line
Item
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
2003
2002'
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
Farm income (line 17).........................................
3
Iowa
2002
II'
III'
IV '
2003
2002'
I"
I'
I I'
III'
IV '
I"
168,622
167,960
661
173,889
173,677
212
171,072
170,452
620
173,169
173,250
-80
174,777
174,722
55
176,538
176,284
254
178,427
177,925
501
79,822
78,401
1,421
82,642
80,448
2,194
81,814
79,405
2,409
82,375
80,471
1,904
82,803
80,679
2,124
83,577
81,237
2,340
84,623
82,145
2,479
117,623
7,345
3,357
113,636
31,374
23,612
586
119,990
7,642
4,011
116,359
31,677
25,852
995
118,186
7,511
3,984
114,660
31,292
25,121
835
119,196
7,610
4,028
115,614
31,792
25,763
1,128
120,663
7,697
4,014
116,980
31,815
25,981
997
121,914
7,749
4,019
118,184
31,810
26,545
1,019
122,852
7,834
4,085
119,103
31,850
27,474
1,412
54,994
3,530
543
52,008
16,585
11,230
310
57,079
3,680
395
53,794
16,750
12,098
495
56,721
3,651
382
53,452
16,568
11,793
408
56,789
3,679
386
53,496
16,806
12,074
555
57,090
3,685
409
53,814
16,814
12,175
524
57,715
3,703
402
54,415
16,814
12,348
492
58,375
3,759
411
55,027
16,821
12,775
715
23,027
24,858
24,286
24,635
24,984
25,525
26,062
10,919
11,603
11,386
11,518
11,651
11,856
12,060
Eamings by place of work
Components of earnings:
Wage and salary disbursements........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
95,207
11,713
10,703
376
10,327
96,459
12,609
10,922
-94
11,016
94,952
12,095
11,139
319
10,820
96,189
12,449
10,557
-384
10,941
97,051
12,800
10,812
-252
11,065
97,642
13,092
11,180
-57
11,237
98,042
13,210
11,600
189
11,411
43,264
5,007
6,723
1,050
5,673
43,916
5,386
7,776
1,797
5,979
43,644
5,230
7,847
2,017
5,830
43,974
5,339
7,477
1,510
5,966
43,935
5,428
7,728
1,724
6,003
44,113
5,547
8,054
1,936
6,118
44,485
5,602
8,288
2,073
6,215
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
Private earnings..................................................
19
Forestry, fishing, related activities, and other6
20
21
Mining..............................................................
Utilities.............................................................
22
Construction
23
24
Manufacturing
Durable goods
25
Nondurable goods.......................................
26
27
Wholesale trade
28
Retail trade.
Transportation and warehousing....................
29
Information......................................................
30
Finance and insurance....................................
31
32
Real estate and rental and leasing.................
Professional and technical services...............
33
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance...................
38
Arts, entertainment, and recreation................
Accomodation and food services...................
39
Other services, except public administration...
40
41
Government and government enterprises..........
42
Federal, civilian...............................................
Military.............................................................
43
State and local................................................
44
661
116,961
100,680
115
571
1,507
8,018
30,066
22,257
7,809
6,003
8,190
4,583
2,228
5,676
1,556
5,486
1,970
3,544
1,191
11,483
1,820
3,204
3,468
16,281
2,434
381
13,466
212
119,777
102,532
121
591
1,535
8,210
30,398
22,699
7,699
6,049
8,318
4,619
2,200
5,566
1,602
5,576
1,888
3,742
1,286
12,197
1,883
3,298
3,450
17,245
2,547
442
14,257
620
117,566
100,743
119
589
1,511
8,401
29,552
22,070
7,482
5,941
8,270
4,497
2,189
5,428
1,562
5,520
1,840
3,682
1,245
11,859
1,836
3,280
3,424
16,823
2,505
438
13,879
-80
119,276
102,148
119
596
1,555
8,115
30,479
22,734
7,744
6,031
8,275
4,606
2,199
5,454
1,593
5,565
1,901
3,729
1,269
12,071
1,872
3,282
3,436
17,128
2,550
446
14,132
55
120,608
103,188
122
586
1,536
8,158
30,766
22,964
7,802
6,106
8,344
4,655
2,198
5,661
1,610
5,587
1,806
3,778
1,288
12,313
1,904
3,313
3,453
17,420
2,541
450
14,429
254
121,660
104,049
122
593
1,538
8,165
30,797
23,028
7,769
6,118
8,383
4,718
2,215
5,722
1,645
5,631
2,004
3,781
1,343
12,547
1,921
3,318
3,488
17,611
2,590
434
14,587
501
122,350
104,495
127
605
1,560
8,238
30,935
23,086
7,849
5,988
8,503
4,811
2,223
5,840
1,676
5,565
1,899
3,740
1,375
12,740
1,886
3,279
3,507
17,855
2,716
495
14,645
1,421
53,573
44,477
142
125
622
3,535
10,258
6,479
3,779
3,068
4,352
1,984
1,566
4,066
598
2,330
351
1,549
640
5,343
733
1,562
1,653
9,096
1,139
227
7,730
2,194
54,884
45,437
152
130
677
3,678
10,010
6,300
3,711
3,140
4,442
2,041
1,474
4,297
633
2,383
437
1,566
677
5,655
759
1,614
1,672
9,447
1,213
270
7,964
2,409
54,312
44,893
150
131
654
3,615
9,942
6,271
3,671
3,188
4,429
1,994
1,492
4,253
616
2,348
396
1,560
655
5,462
749
1,602
1,659
9,419
1,190
269
7,959
1,904
54,884
45,420
150
129
665
3,732
10,102
6,367
3,735
3,126
4,434
2,025
1,498
4,252
626
2,374
423
1,564
671
5,618
764
1,605
1,660
9,465
1,199
275
7,990
2,124
54,966
45,585
155
128
697
3,643
10,017
6,301
3,716
3,136
4,468
2,061
1,456
4,327
640
2,391
447
1,571
680
5,716
761
1,612
1,679
9,381
1,217
276
7,888
2,340
55,374
45,851
154
130
689
3,722
9,979
6,260
3,720
3,112
4,438
2,086
1,451
4,355
649
2,418
481
1,571
702
5,823
763
1,638
1,690
9,523
1,244
260
8,019
2,479
55,896
46,244
160
126
707
3,772
10,031
6,299
3,732
3,108
4,500
2,078
1,459
4,416
656
2,432
450
1,596
732
5,902
768
1,640
1,711
9,652
1,290
272
8,090
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
C
urrent
77
B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Kansas
2001
Louisiana
Kentucky
2002
2002
2003
2002'
2001
I'
II'
III'
IV '
I"
2002
2003
2001
2002'
I'
I I'
III'
IV '
|p
2003
Line
2002'
I'
II'
III'
IV '
I"
76,828
76,164
664
78,322
77,891
430
77,875
77,104
771
77,967
77,823
144
78,418
78,026
392
79,028
78,613
415
80,467
79,533
933
101,223
100,249
973
105,013
104,144
869
103,365
102,325
1,041
104,583
103,910
673
105,556
104,680
875
106,548
105,659
889
107,703
107,025
678
109,317
108,988
330
113,725
113,247
478
112,155
111,675
481
113,505
113,030
475
113,982
113,511
471
115,257
114,770
486
116,381
115,832
548
1
2
3
53,852
3,354
775
51,273
15,473
10,082
240
54,522
3,475
581
51,628
15,652
11,042
501
54,580
3,467
555
51,668
15,470
10,737
413
54,246
3,477
552
51,321
15,709
10,937
481
54,424
3,468
606
51,562
15,716
11,140
551
54,837
3,487
612
51,963
15,712
11,353
558
56,116
3,555
555
53,116
15,722
11,629
631
70,491
4,304
-1,032
65,154
18,185
17,883
433
72,376
4,499
-662
67,216
18,342
19,455
727
71,379
4,433
-642
66,304
18,127
18,935
622
71,865
4,481
-651
66,733
18,442
19,408
841
72,724
4,520
-657
67,547
18,422
19,587
767
73,538
4,562
-697
68,280
18,379
19,890
676
74,329
4,650
-737
68,942
18,375
20,386
782
74,527
4,064
-115
70,348
18,515
20,455
231
77,010
4,263
-195
72,552
18,665
22,508
446
76,071
4,223
-192
71,657
18,471
22,028
381
76,794
4,252
-193
72,349
18,757
22,399
498
77,087
4,265
-192
72,629
18,736
22,617
464
78,087
4,313
-202
73,572
18,697
22,987
442
78,865
4,376
-202
74,287
18,687
23,407
473
4
5
6
7
8
9
10
9,842
10,541
10,324
10,456
10,589
10,795
10,999
17,450
18,728
18,313
18,567
18,820
19,214
19,604
20,224
22,062
21,648
21,901
22,153
22,545
22,934
11
42,643
5,218
5,992
270
5,721
43,023
5,595
5,903
9
5,894
42,997
5,459
6,124
355
5,770
43,106
5,543
5,596
-274
5,870
42,894
5,632
5,897
-32
5,929
43,096
5,746
5,995
-13
6,008
43,647
5,860
6,609
503
6,106
55,853
7,508
7,131
748
6,383
56,847
8,072
7,457
628
6,829
56,104
7,785
7,489
802
6,687
56,695
7,955
7,215
433
6,782
57,052
8,172
7,500
632
6,867
57,536
8,377
7,625
643
6,981
58,258
8,521
7,550
431
7,119
58,073
7,650
8,804
132
8,672
59,332
8,324
9,354
266
9,088
58,862
8,030
9,179
271
8,908
59,259
8,228
9,308
264
9,044
59,294
8,404
9,388
257
9,131
59,914
8,633
9,540
270
9,270
60,388
8,759
9,718
331
9,387
12
13
14
15
16
664
53,188
43,610
121
554
558
3,280
9,090
5,973
3,117
3,026
3,829
2,004
3,030
2,827
648
3,184
711
1,787
384
4,906
279
1,795
1,599
9,577
1,618
1,126
6,834
430
54,091
44,023
128
539
567
3,299
8,731
5,757
2,974
3,084
3,852
2,041
3,100
2,999
669
3,168
667
1,853
394
5,184
287
1,837
1,625
10,068
1,677
1,253
7,139
771
53,809
43,844
126
539
626
3,314
8,783
5,806
2,977
3,050
3,825
2,014
3,229
2,915
655
3,130
653
1,866
390
5,023
283
1,823
1,602
9,965
1,666
1,228
7,071
144
54,101
44,059
126
540
596
3,313
8,783
5,787
2,996
3,104
3,850
2,049
3,000
3,019
664
3,161
686
1,886
394
5,140
286
1,831
1,629
10,042
1,679
1,231
7,132
392
54,032
43,931
130
536
533
3,299
8,653
5,666
2,987
3,099
3,876
2,047
3,066
2,978
668
3,172
653
1,829
397
5,240
287
1,836
1,629
10,101
1,684
1,278
7,139
415
54,422
44,257
128
543
512
3,271
8,704
5,769
2,935
3,082
3,857
2,054
3,107
3,084
688
3,209
673
1,829
397
5,332
291
1,857
1,637
10,165
1,676
1,277
7,212
933
55,183
44,723
135
551
538
3,357
8,714
5,748
2,966
3,093
3,911
2,071
3,118
3,158
691
3,245
665
1,844
418
5,426
294
1,854
1,639
10,460
1,741
1,390
7,328
973
69,518
56,299
259
1,187
519
4,337
13,050
8,685
4,365
3,452
5,090
3,940
1,571
3,016
749
3,639
993
1,897
530
7,330
461
2,347
1,931
13,219
2,138
2,017
9,064
869
71,507
57,508
263
1,209
462
4,245
13,067
8,731
4,336
3,514
5,213
3,903
1,539
3,224
777
3,682
1,042
2,025
555
7,869
490
2,459
1,969
13,999
2,252
2,160
9,586
1,041
70,338
56,516
256
1,253
486
4,249
12,710
8,445
4,264
3,493
5,156
3,865
1,501
3,135
758
3,648
989
1,990
549
7,644
481
2,419
1,934
13,823
2,178
2,154
9,490
673
71,192
57,384
254
1,217
462
4,189
13,213
8,882
4,331
3,509
5,171
3,823
1,520
3,170
768
3,684
1,160
1,996
541
7,775
488
2,480
1,963
13,808
2,176
2,162
9,469
875
71,849
57,770
271
1,183
446
4,244
13,129
8,761
4,367
3,527
5,236
3,970
1,537
3,244
788
3,688
996
2,042
555
7,991
492
2,454
1,980
14,078
2,281
2,171
9,626
889
72,649
58,363
272
1,185
454
4,297
13,216
8,835
4,381
3,526
5,291
3,955
1,598
3,346
795
3,708
1,023
2,075
576
8,066
499
2,482
2,001
14,286
2,372
2,154
9,760
678
73,651
59,081
280
1,195
455
4,442
13,353
8,962
4,392
3,559
5,264
4,027
1,602
3,433
810
3,659
1,030
2,128
576
8,220
532
2,534
1,984
14,571
2,343
2,373
9,855
330
74,197
59,719
368
3,549
773
5,540
8,338
3,665
4,674
3,366
5,248
3,553
1,848
3,052
1,427
4,728
1,254
2,305
894
7,141
1,371
2,654
2,308
14,478
2,243
1,345
10,889
478
76,532
60,942
386
3,367
811
5,478
8,267
3,667
4,600
3,449
5,401
3,599
1,866
3,170
1,412
4,850
1,279
2,456
996
7,639
1,421
2,758
2,336
15,590
2,330
1,535
11,724
481
75,591
60,451
376
3,420
782
5,550
8,255
3,655
4,600
3,422
5,336
3,592
1,838
3,087
1,399
4,825
1,245
2,541
960
7,419
1,379
2,726
2,301
15,140
2,291
1,508
11,341
475
76,320
60,769
385
3,349
818
5,493
8,257
3,664
4,593
3,442
5,394
3,594
1,855
3,162
1,399
4,861
1,268
2,485
975
7,567
1,394
2,751
2,319
15,551
2,295
1,535
11,721
471
76,616
60,886
392
3,348
809
5,423
8,204
3,614
4,590
3,475
5,419
3,600
1,847
3,147
1,418
4,862
1,268
2,415
1,007
7,738
1,426
2,774
2,313
15,730
2,328
1,553
11,848
486
77,600
61,661
388
3,351
836
5,449
8,352
3,735
4,618
3,457
5,455
3,612
1,927
3,282
1,432
4,850
1,333
2,385
1,041
7,833
1,485
2,780
2,412
15,940
2,407
1,545
11,988
548
78,317
62,114
407
3,256
845
5,466
8,357
3,729
4,628
3,542
5,528
3,647
1,961
3,319
1,426
4,905
1,340
2,348
1,100
7,966
1,474
2,797
2,430
16,202
2,497
1,712
11,993
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
78
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
Maine
Line
Item
2001
2003
2002'
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
Maryland
2002
II'
III'
IV '
2003
2002 r
Ip
I'
I I'
III'
IV '
Ip
34,491
34,379
112
35,991
35,893
98
35,481
35,384
98
35,858
35,762
96
36,141
36,042
98
36,483
36,383
100
36,908
36,802
106
190,015
189,589
426
197,156
196,771
385
194,304
193,812
491
196,862
196,569
292
198,005
197,640
365
199,454
199,062
391
202,136
201,709
427
22,967
1,420
345
21,892
6,724
5,875
108
23,810
1,501
482
22,791
6,812
6,387
179
23,531
1,486
475
22,520
6,729
6,233
159
23,669
1,492
487
22,664
6,845
6,349
193
23,905
1,507
483
22,881
6,842
6,417
179
24,135
1,517
483
23,101
6,834
6,549
185
24,355
1,539
488
23,304
6,835
6,769
279
122,248
7,402
20,534
135,381
35,377
19,257
433
127,108
7,836
20,931
140,203
35,900
21,053
791
125,549
7,752
20,589
138,386
35,444
20,474
652
126,529
7,807
20,938
139,660
36,227
20,975
884
127,599
7,865
20,981
140,715
36,086
21,204
844
128,753
7,920
21,217
142,050
35,844
21,560
784
130,622
8,085
21,776
144,313
35,812
22,010
822
5,767
6,208
6,074
6,156
6,238
6,364
6,490
18,824
20,262
19,822
20,091
20,359
20,776
21,189
Components of earnings:
Wage and salary disbursements........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income..........................
17,975
2,393
2,599
23
2,575
18,501
2,623
2,686
3
2,683
18,351
2,543
2,638
4
2,633
18,420
2,586
2,662
2
2,660
18,560
2,647
2,698
3
2,695
18,673
2,717
2,745
3
2,742
18,805
2,757
2,793
8
2,784
98,804
12,833
10,611
287
10,324
101,863
14,111
11,134
237
10,897
100,931
13,630
10,988
345
10,643
101,623
13,911
10,996
145
10,850
102,124
14,296
11,178
216
10,963
102,772
14,607
11,373
241
11,133
104,199
14,875
11,548
276
11,272
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings
19
Private earnings
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities.............................................................
Construction....................................................
23
24
Manufacturing.................................................
25
Durable goods.............................................
26
Nondurable goods.......................................
27
Wholesale trade..............................................
28
Retail trade......................................................
29
Transportation and warehousing....................
Information......................................................
30
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance..................
38
Arts, entertainment, and recreation................
39
Accomodation and food services...................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
112
22,855
18,651
282
24
197
1,550
3,212
1,632
1,580
934
2,108
580
542
1,369
232
1,460
352
692
318
3,096
195
875
633
4,204
903
314
2,987
98
23,712
19,185
292
25
206
1,564
3,083
1,611
1,472
960
2,195
591
540
1,425
251
1,516
374
705
349
3,334
202
923
650
4,527
963
355
3,209
98
23,433
18,962
289
24
199
1,575
3,081
1,619
1,462
950
2,166
582
550
1,416
241
1,492
369
701
338
3,238
200
909
642
4,472
955
352
3,165
96
23,573
19,065
287
25
205
1,542
3,086
1,606
1,480
959
2,175
590
535
1,425
244
1,493
385
709
344
3,296
199
916
648
4,508
954
351
3,203
98
23,807
19,301
290
25
207
1,556
3,092
1,616
1,475
962
2,206
596
544
1,441
255
1,545
368
707
354
3,372
201
928
651
4,506
966
359
3,181
100
24,035
19,411
301
26
214
1,584
3,072
1,604
1,469
970
2,232
596
529
1,417
263
1,535
372
703
359
3,431
209
939
661
4,624
977
360
3,287
106
24,249
19,507
306
26
211
1,600
3,021
1,595
1,426
973
2,232
598
530
1,430
264
1,561
355
717
377
3,486
204
947
668
4,743
1,012
402
3,329
426
121,822
93,885
79
118
1,969
9,048
9,098
5,423
3,674
5,594
8,343
3,096
4,183
7,470
2,239
15,160
581
4,661
1,916
11,401
1,138
4,049
3,741
27,937
11,845
2,226
13,867
385
126,723
96,583
85
107
1,990
9,381
8,816
5,296
3,520
5,660
8,571
3,113
3,935
7,913
2,371
15,717
579
4,874
2,070
12,217
1,175
4,184
3,824
30,140
12,707
2,471
14,961
491
125,058
95,645
83
111
1,984
9,312
8,941
5,391
3,549
5,628
8,467
3,114
4,083
7,537
2,303
15,600
583
4,918
1,989
11,878
1,233
4,112
3,769
29,413
12,449
2,451
14,512
292
126,237
96,431
84
107
1,992
9,424
8,820
5,265
3,555
5,665
8,540
3,121
3,984
7,912
2,341
15,765
577
4,877
2,046
12,051
1,160
4,159
3,805
29,806
12,580
2,452
14,774
365
127,234
96,768
87
102
2,004
9,403
8,748
5,254
3,495
5,656
8,632
3,120
3,851
7,948
2,387
15,667
579
4,844
2,081
12,399
1,188
4,224
3,848
30,466
12,845
2,499
15,123
391
128,361
97,488
86
108
1,981
9,385
8,756
5,276
3,480
5,691
8,643
3,099
3,820
8,255
2,453
15,837
578
4,857
2,164
12,541
1,119
4,242
3,873
30,873
12,955
2,484
15,434
427
130,194
98,757
90
109
2,000
9,387
8,857
5,286
3,571
5,676
8,801
3,110
3,854
8,488
2,414
16,059
594
4,951
2,258
12,760
1,094
4,265
3,991
31,437
13,282
2,681
15,473
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
Earnings by place of work
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
C
urrent
79
B u s in e s s
and Earnings by Industry, 2001-2003:11 —Continued
seasonally adjusted at annual rates]
2002
2001
2002
2003
2001
2002 '
I'
II'
Minnesota
Michigan
Massachusetts
III'
IV '
2002'
2001
I'
I"
I I'
III'
IV '
2003
2002
2003
Line
2002'
\p
I'
I I'
III'
IV '
I”
248,778 250,966 247,765 252,257 251,714 252,127 253,786 296,480 303,745 295,932 304,930 306,682 307,437 309,724
248,680 250,865 247,654 252,173 251,613 252,022 253,691 296,092 303,287 295,263 304,629 306,294 306,963 309,467
301
388
474
256
98
100
111
84
100
106
95
389
458
669
164,784
164,037
748
170,142
168,931
1,211
167,189
165,913
1,276
169,755
168,591
1,164
171,656 171,969
170,487 170,732
1,169
1,237
173,557
172,637
920
1
2
3
187,878 211,955 214,561 208,621 215,684 216,934 217,004 217,861
13,647
13,378
12,998 13,467
13,539
13,508
10,863 13,010
1,144
1,157
1,169
939
1,148
1,158
1,133
-4,805
172,210 199,884 202,331 196,780 203,350 204,538 204,653 205,382
54,640
46,225 54,116 54,384 53,759 54,545 54,593 54,639
48,145 49,701
42,481
47,031
45,393 47,035 47,551
35,351
3,452
2,776
1,597
2,747
2,042
3,114
3,061
2,772
120,934
7,739
-1,135
112,061
33,974
18,749
658
124,118
8,060
-1,150
114,908
34,509
20,726
1,167
122,229
7,946
-1,134
113,150
34,004
20,036
890
123,503
8,023
-1,146
114,334
34,703
20,717
1,319
125,351 125,388
8,124
8,148
-1,170 -1,151
116,033 116,113
34,700 34,629
20,923 21,227
1,188
1,273
126,352
8,257
-1,158
116,936
34,692
21,929
1,503
4
5
6
7
8
9
10
187,754
10,686
-4,773
172,295
45,705
30,778
1,348
186,014
10,722
-4,818
170,474
46,225
34,267
2,903
184,487
10,662
-4,801
169,025
45,576
33,164
2,375
187,004 186,074
10,791
10,723
-4,891
-4,793
171,323 170,559
46,590 46,472
34,344 34,683
3,204
3,192
186,492
10,714
-4,788
170,989
46,263
34,875
2,840
29,430
31,364
30,789
31,140
31,491
32,035
153,638
16,094
18,022
-13
18,035
150,121
16,707
19,187
-18
19,205
149,500
16,240
18,747
-6
18,753
151,282
16,659
19,064
-33
19,097
32,575
40,884
44,284
43,351
43,921
44,490
45,374
46,250
18,091
19,558
19,146
19,398
19,649
20,039
20,426
11
149,959 149,742 150,796
16,849 17,080 17,228
19,267 19,669 19,854
-19
-15
-26
19,286 19,684
19,880
173,299
20,860
17,796
-175
17,971
173,529
22,104
18,928
-146
19,074
168,866
20,948
18,806
74
18,732
174,925
22,055
18,705
-298
19,003
175,423
22,557
18,954
-220
19,174
174,901
22,855
19,248
-140
19,387
175,515
22,978
19,368
-360
19,729
99,770
10,382
10,782
239
10,543
101,190
11,174
11,754
667
11,087
99,909
10,762
11,559
739
10,819
100,858
11,020
11,625
624
11,001
102,183
11,383
11,785
622
11,164
101,810
11,531
12,046
684
11,363
102,781
11,675
11,895
364
11,530
12
13
14
15
16
1,237
920
1,211
1,276
1,164
1,169
301
388
474
256
748
100
111
84
100
106
95
389
458
669
98
187,656 185,914 184,376 186,920 185,974 186,386 187,783 211,566 214,103 207,951 215,383 216,546 216,530 217,605 120,186 122,906 120,953 122,339 124,182 124,151 125,431
165,662 163,084 161,859 164,072 162,940 163,466 164,677 182,610 183,656 178,050 185,221 185,633 185,719 186,602 103,972 105,586 104,134 105,170 106,620 106,418 107,595
256
262
245
253
274
282
233
250
246
254
254
273
278
254
266
261
261
270
240
265
281
421
371
382
402
403
649
592
403
389
272
274
277
281
631
590
640
646
258
273
270
655
1,327
1,287
1,315
1,288
1,321
1,171
2,943
2,947
2,969
3,010
1,273
1,303
1,221
1,171
1,120
1,188
1,205
1,173
2,891
2,961
2,986
8,354
7,934
8,137
8,250
8,024
13,151
7,792
8,086
10,914 11,540 11,583
11,452
11,701
11,669
13,295
13,185 13,474 13,260 13,165 12,840
11,423
18,392
17,991
18,176
18,387 18,222
18,367
18,139
24,117 22,181
22,626 22,643 21,717 21,740 21,764 48,493 47,689 45,100 48,809 48,439 48,408 48,082
12,102
12,076
12,211
12,236 11,886 11,974
12,181
16,593 16,510
15,738 15,708 15,656 40,069 39,565 36,999 40,679 40,352 40,228 39,791
17,765 16,138
6,202
6,104
6,120
6,063
6,156
6,156
8,424
8,124
8,101
8,129
8,087
8,180
8,291
6,206
6,352
6,044
6,033
6,133
5,978
6,031
6,108
7,974
8,307
7,910
7,861
8,038
7,961
9,684
10,343 10,567 10,518 10,481
10,509
7,953
10,003
9,565
9,646
9,465
9,463
9,451
10,623 10,477
8,260
8,046
8,013
7,929
8,103
7,958
8,149
10,812 14,090
14,243
14,143 14,201
14,339
14,290
14,261
10,418
10,595
10,460 10,593
10,663 10,665
4,202
4,292
4,334
4,370
4,388
6,004
4,490
4,300
3,557
3,557
3,591
5,817
5,878
5,661
5,869
6,008
5,975
3,601
3,546
3,518
3,551
3,912
3,867
3,799
3,890
5,192
5,342
3,962
3,875
3,945
7,621
5,232
5,219
5,206
5,216
5,263
8,631
7,797
8,045
7,885
7,638
7,606
9,922 10,324
10,393
9,594
9,497
9,783
9,928
9,669
9,798
20,366 20,790
9,199
9,263
9,625
9,990
10,139
20,592 20,249 19,165 20,745 20,721
1,904
1,964
1,984
1,854
2,602
2,694
2,741
2,747
2,726
1,800
1,891
1,843
3,041
3,037
3,106
3,051
3,053
2,600
2,696
2,988
3,059
9,632
9,682
9,706
9,786
9,795
9,659
9,615
20,916 21,110 20,742 20,946
25,157 23,609 23,877 23,781
23,548 23,228 23,314 21,022 20,667 19,901
5,687
5,294
5,542
5,473
5,173
6,471
5,350
6,505
6,408
6,348
6,412
5,643
5,469
5,424
5,473
5,102
5,199
5,191
6,153
5,248
5,219
3,734
3,749
3,697
3,703
3,768
8,912
9,043
9,137
9,281
9,189
3,710
3,729
6,277
6,048
6,033
6,046
5,918
5,846
8,696
9,093
6,011
1,324
1,360
1,431
1,734
1,322
1,291
1,313
6,649
1,542
1,593
1,593
1,683
1,236
5,857
6,346
6,146
6,224
6,365
6,860
1,478
1,603
13,049
12,771
13,485 13,971
19,052 20,343
19,857 20,217 20,502 20,798 21,179
11,766 12,923 12,388
19,859 20,275 20,872 21,165
18,823 20,137 19,540
1,280
1,275
1,239
1,266
1,864
2,064
2,131
2,073
2,155
1,146
1,235
1,161
1,794
1,831
1,872
1,882
1,973
2,096
2,116
1,733
1,840
3,165
5,314
3,109
3,112
3,131
5,092
5,304
5,342
3,016
3,110
3,090
5,135
5,186
5,244
5,335
5,394
5,291
5,240
5,276
5,075
5,225
3,844
3,832
5,567
5,574
3,654
3,752
3,674
3,741
3,761
4,497
4,557
5,570
5,555
5,598
5,558
4,426
4,372
4,401
4,436
5,676
4,335
17,733
17,836
16,819
17,169 17,562
30,162 30,913 30,812 31,003
16,215 17,321
21,995 22,830 22,518 22,848 23,035 22,920 23,106 28,956 30,447 29,901
2,270
2,318
2,356
2,376
4,114
4,107
3,781
3,867
3,977
2,176
2,301
2,259
3,792
4,067
3,998
4,050
4,220
3,588
3,743
3,630
3,693
452
402
412
411
385
497
502
499
594
338
401
646
656
643
711
418
488
499
539
645
633
14,992
14,487
14,833
15,008
25,784
13,701
14,618
14,159
17,664 18,118 17,886 18,152
18,265 18,170
18,174 24,949 26,208
25,970 26,630 26,446 26,431
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
80
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
Mississippi
Line
Item
2001
2003
2002 '
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
Missouri
2002
II'
III'
IV '
2003
2002'
I"
I'
II'
III'
IV '
I"
61,922
61,062
860
64,242
63,865
377
63,376
62,909
467
63,990
63,689
301
64,523
64,164
359
65,077
64,698
379
66,274
65,397
878
159,093
158,525
568
163,603
163,294
309
161,919
161,314
605
162,979
162,903
76
164,041
163,783
259
165,471
165,176
295
166,322
166,097
225
40,188
2,537
1,625
39,276
9,999
12,647
186
41,048
2,663
1,886
40,271
10,086
13,884
304
40,665
2,639
1,864
39,890
9,962
13,524
262
40,800
2,652
1,890
40,038
10,147
13,805
349
41,230
2,675
1,887
40,442
10,133
13,948
296
41,497
2,685
1,903
40,715
10,102
14,261
306
42,424
2,727
1,921
41,618
10,103
14,554
300
113,595
6,848
-3,369
103,379
31,318
24,396
463
116,184
7,127
-3,587
105,470
31,410
26,722
814
115,432
7,083
-3,544
104,805
31,106
26,008
691
115,415
7,093
-3,536
104,786
31,592
26,601
922
116,468
7,146
-3,617
105,705
31,522
26,815
776
117,420
7,187
-3,651
106,583
31,422
27,466
868
117,788
7,249
-3,588
106,951
31,368
28,004
850
12,461
13,581
13,261
13,456
13,652
13,954
14,254
23,933
25,908
25,317
25,678
26,039
26,598
27,154
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
31,002
4,303
4,882
661
4,221
31,684
4,669
4,695
164
4,531
31,446
4,517
4,703
257
4,445
31,600
4,598
4,602
90
4,512
31,795
4,731
4,704
145
4,559
31,894
4,831
4,772
163
4,609
32,167
4,911
5,346
660
4,685
90,814
10,880
11,901
279
11,622
92,041
11,709
12,434
-1
12,435
91,610
11,379
12,443
300
12,143
91,721
11,559
12,134
-231
12,366
92,184
11,809
12,475
-53
12,528
92,648
12,087
12,685
-19
12,705
92,817
12,161
12,810
-91
12,901
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities.............................................................
Construction....................................................
23
24
Manufacturing.................................................
25
Durable goods.............................................
26
Nondurable goods
27
Wholesale trade....
28
Retail trade............
29
Transportation and warehousing....................
30
Information............
31
Finance and insurance
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance..................
38
Arts, entertainment, and recreation................
39
Accomodation and food services...................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
860
39,328
30,236
399
379
433
2,441
6,820
4,296
2,524
1,534
3,240
1,485
816
1,514
389
1,768
561
838
303
3,631
644
1,771
1,271
9,092
1,565
1,173
6,354
377
40,672
31,118
411
367
465
2,706
6,680
4,292
2,388
1,577
3,315
1,527
771
1,561
420
1,830
596
899
320
3,897
501
1,982
1,294
9,554
1,632
1,295
6,626
467
40,198
30,863
405
374
457
2,723
6,790
4,349
2,441
1,556
3,284
1,511
776
1,528
396
1,771
569
894
311
3,784
499
1,932
1,301
9,335
1,602
1,288
6,445
301
40,499
31,068
405
358
455
2,721
6,724
4,338
2,387
1,582
3,301
1,519
777
1,558
447
1,800
566
898
313
3,865
505
1,975
1,297
9,431
1,610
1,294
6,527
359
40,871
31,210
417
371
472
2,714
6,615
4,243
2,371
1,595
3,335
1,536
761
1,569
424
1,835
573
906
322
3,950
497
2,031
1,286
9,662
1,652
1,308
6,702
379
41,118
31,329
417
364
475
2,665
6,591
4,240
2,351
1,576
3,339
1,542
770
1,588
413
1,914
677
897
332
3,988
501
1,989
1,291
9,789
1,665
1,292
6,831
878
41,546
31,536
434
367
481
2,699
6,606
4,232
2,374
1,584
3,380
1,580
776
1,616
417
1,903
625
923
338
4,033
514
1,952
1,308
10,009
1,688
1,418
6,903
568
113,027
95,404
196
354
1,012
7,811
15,442
9,746
5,696
6,222
7,830
4,365
6,166
6,451
1,596
8,183
5,137
3,439
1,856
10,827
1,573
3,503
3,443
17,622
3,704
1,123
12,795
309
115,875
97,351
208
351
1,110
7,868
15,517
9,979
5,538
6,267
8,085
4,573
6,080
6,630
1,606
8,241
5,032
3,512
1,971
11,477
1,708
3,650
3,464
18,524
3,883
1,270
13,372
605
114,827
96,492
206
373
1,288
7,757
15,375
9,788
5,587
6,243
7,964
4,470
6,153
6,506
1,591
8,310
5,131
3,479
1,890
11,092
1,630
3,597
3,439
18,335
3,830
1,246
13,260
76
115,339
96,894
202
320
970
7,822
15,550
9,969
5,581
6,283
8,043
4,597
6,163
6,565
1,594
8,141
4,988
3,474
1,946
11,400
1,733
3,646
3,457
18,445
3,851
1,289
13,305
259
116,209
97,751
213
350
1,116
7,973
15,622
10,102
5,520
6,302
8,149
4,638
6,016
6,584
1,611
8,190
4,937
3,520
1,999
11,624
1,769
3,667
3,471
18,458
3,874
1,278
13,306
295
117,125
98,266
212
363
1,067
7,920
15,523
10,056
5,467
6,241
8,182
4,589
5,990
6,865
1,627
8,321
5,074
3,575
2,048
11,790
1,700
3,691
3,488
18,859
3,974
1,267
13,618
225
117,563
98,503
219
364
1,086
8,038
15,519
10,017
5,502
6,214
8,226
4,565
5,993
7,023
1,643
8,195
5,116
3,495
1,918
11,876
1,758
3,714
3,543
19,059
4,068
1,381
13,610
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
Earnings by place of work
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
C
urrent
81
B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Montana
2001
Nevada
Nebraska
2002
2002
2003
2002'
2001
I'
II'
III'
IV '
I"
2002
2003
2002'
2001
I'
II'
III'
IV '
I"
2003
Line
2002'
I'
I I'
III'
IV '
I"
21,769
21,526
243
22,650
22,395
256
22,270
21,903
367
22,490
22,301
189
22,862
22,583
279
22,979
22,792
187
23,333
22,965
368
49,642
48,478
1,165
51,086
50,069
1,018
50,408
49,262
1,147
50,774
49,843
930
51,397
50,431
966
51,767
50,740
1,027
53,094
51,331
1,763
63,200
63,105
96
65,571
65,453
118
64,384
64,245
139
65,121
65,029
93
65,891
65,773
118
66,889
66,767
122
67,429
67,343
86
1
2
3
14,070
926
4
13,147
5,095
3,526
78
14,749
990
-18
13,741
5,147
3,762
109
14,476
965
-17
13,494
5,090
3,686
101
14,564
982
-18
13,564
5,170
3,755
129
14,942
1,002
-19
13,921
5,168
3,773
104
15,013
1,010
-19
13,983
5,161
3,835
102
15,252
1,019
-19
14,213
5,159
3,960
162
35,240
2,185
-639
32,416
10,803
6,423
83
36,194
2,303
-817
33,073
10,979
7,034
163
35,816
2,276
-805
32,735
10,836
6,837
122
35,881
2,288
-809
32,785
11,003
6,986
175
36,435
2,323
-828
33,284
11,028
7,085
179
36,642
2,326
-828
33,489
11,049
7,230
175
37,816
2,366
-838
34,612
11,071
7,410
209
46,555
2,526
-863
43,166
13,458
6,577
294
48,286
2,665
-996
44,626
13,525
7,421
495
47,393
2,622
-975
43,797
13,336
7,251
506
47,671
2,630
-978
44,063
13,641
7,418
562
48,530
2,678
-1,003
44,849
13,595
7,448
482
49,552
2,729
-1,029
45,794
13,528
7,567
429
50,064
2,776
-1,039
46,249
13,495
7,685
378
4
5
6
7
8
9
10
3,449
3,653
3,585
3,627
3,669
3,733
3,798
6,340
6,872
6,715
6,811
6,906
7,054
7,201
6,282
6,926
6,745
6,856
6,966
7,137
7,307
11
10,466
1,434
2,170
90
2,080
10,895
1,578
2,275
92
2,184
10,636
1,505
2,335
206
2,130
10,825
1,549
2,190
26
2,164
11,019
1,608
2,316
114
2,201
11,102
1,650
2,260
20
2,240
11,127
1,650
2,475
200
2,275
27,329
3,222
4,689
778
3,912
28,047
3,511
4,635
604
4,032
27,763
3,390
4,663
738
3,925
27,897
3,459
4,526
519
4,006
28,259
3,568
4,609
550
4,059
28,271
3,627
4,744
607
4,137
28,564
3,691
5,560
1,341
4,220
37,026
4,359
5,170
35
5,135
38,036
4,757
5,493
53
5,440
37,479
4,569
5,345
75
5,270
37,589
4,645
5,437
29
5,408
38,188
4,812
5,530
53
5,476
38,889
5,002
5,660
56
5,604
39,280
5,070
5,713
20
5,693
12
13
14
15
16
243
13,826
10,661
137
389
307
1,081
869
539
329
591
1,274
561
346
617
152
875
51
353
80
1,630
201
680
469
3,165
803
260
2,102
256
14,493
11,151
152
389
310
1,120
841
530
311
616
1,341
581
362
653
158
928
53
369
88
1,781
214
713
484
3,342
848
291
2,203
367
14,108
10,852
147
379
298
1,085
830
523
307
597
1,298
572
347
636
153
907
52
363
85
1,715
209
702
476
3,257
816
286
2,154
189
14,375
11,069
148
394
315
1,097
832
530
303
605
1,329
578
364
650
156
922
54
368
86
1,769
211
709
481
3,306
826
291
2,189
279
14,663
11,277
156
388
314
1,138
861
542
319
634
1,358
590
370
642
159
934
53
371
88
1,800
218
718
485
3,387
853
294
2,239
187
14,825
11,408
158
396
313
1,161
840
526
314
627
1,378
584
369
684
163
948
54
373
91
1,840
216
723
492
3,417
896
292
2,229
368
14,884
11,482
160
413
311
1,175
845
529
315
623
1,371
586
378
691
161
964
55
362
94
1,862
218
723
492
3,402
849
321
2,232
1,165
34,076
28,035
99
168
599
2,362
4,334
2,096
2,238
1,960
2,516
2,172
1,259
2,388
336
2,028
661
1,236
400
3,335
251
951
981
6,041
955
584
4,502
1,018
35,176
28,742
104
175
649
2,519
4,183
2,039
2,145
1,991
2,571
2,264
1,244
2,456
347
2,059
747
1,250
391
3,572
257
971
994
6,434
1,006
650
4,778
1,147
34,669
28,365
102
173
620
2,445
4,130
2,029
2,101
1,966
2,565
2,232
1,287
2,424
341
2,014
807
1,255
342
3,468
251
953
990
6,305
988
639
4,678
930
34,951
28,537
103
173
639
2,506
4,200
2,062
2,138
2,008
2,548
2,248
1,212
2,401
344
2,052
674
1,247
407
3,556
257
969
995
6,414
994
650
4,770
966
35,469
28,986
106
176
678
2,530
4,214
2,053
2,161
2,014
2,586
2,263
1,231
2,470
350
2,090
770
1,245
399
3,630
258
977
997
6,483
1,010
658
4,815
1,027
35,615
29,081
106
178
660
2,593
4,190
2,012
2,178
1,976
2,582
2,312
1,244
2,528
353
2,081
737
1,253
414
3,635
262
985
993
6,534
1,032
653
4,849
1,763
36,053
29,381
110
183
668
2,668
4,197
2,001
2,196
1,979
2,604
2,300
1,240
2,626
365
2,094
739
1,272
410
3,709
256
969
992
6,672
1,086
705
4,881
96
46,459
39,632
20
695
317
5,259
2,100
1,474
626
1,860
3,477
1,462
1,144
2,259
1,110
2,896
1,042
2,212
119
3,138
1,254
8,243
1,027
6,827
1,006
511
5,311
118
48,168
40,817
22
683
444
5,501
2,082
1,497
586
1,893
3,600
1,497
1,065
2,333
1,188
3,124
903
2,241
138
3,414
1,286
8,356
1,047
7,351
1,090
611
5,650
139
47,254
40,078
22
698
442
5,289
2,058
1,477
581
1,868
3,536
1,466
1,067
2,234
1,143
3,024
1,046
2,209
132
3,295
1,264
8,225
1,060
7,176
1,029
584
5,562
93
47,578
40,365
21
681
426
5,459
2,049
1,475
574
1,903
3,582
1,494
1,061
2,312
1,167
3,063
817
2,211
134
3,387
1,285
8,269
1,045
7,213
1,052
606
5,555
118
48,411
41,031
22
667
441
5,550
2,111
1,517
594
1,922
3,610
1,512
1,069
2,356
1,215
3,178
769
2,253
137
3,462
1,284
8,428
1,046
7,380
1,093
624
5,662
122
49,431
41,795
22
686
469
5,706
2,111
1,517
594
1,878
3,673
1,516
1,063
2,430
1,228
3,233
980
2,290
148
3,510
1,310
8,503
1,038
7,635
1,185
629
5,821
86
49,978
42,192
23
680
483
5,809
2,135
1,544
591
1,895
3,690
1,527
1,044
2,480
1,235
3,330
860
2,270
151
3,595
1,303
8,631
1,052
7,786
1,203
694
5,889
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
82
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
New Hampshire
Line
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Eamings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
2003
2002r
2002
2001
\'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
Farm income (line 17).........................................
3
New Jersey
2002
Item
IIr
lllr
IV r
2003
2002 r
|p
lr
II'
lllr
IV r
I"
42,779
42,743
36
43,703
43,664
39
43,055
43,012
42
43,865
43,830
35
43,847
43,808
39
44,047
44,006
41
44,447
44,409
38
328,743
328,503
240
339,889
339,629
260
337,578
337,298
280
338,845
338,610
236
341,099
340,840
259
342,035
341,770
265
344,653
344,361
291
28,315
1,761
3,864
30,418
7,848
4,513
64
28,843
1,826
3,917
30,934
7,877
4,892
149
28,370
1,798
3,915
30,488
7,778
4,788
132
28,943
1,834
3,943
31,052
7,943
4,870
160
28,948
1,834
3,907
31,021
7,914
4,911
149
29,112
1,839
3,902
31,175
7,873
4,998
154
29,425
1,868
3,924
31,481
7,851
5,115
190
222,368
13,700
22,009
230,677
60,933
37,133
1,562
227,919
14,298
23,095
236,717
61,680
41,493
3,395
228,546
14,398
22,707
236,854
60,878
39,846
2,490
226,041
14,169
23,450
235,322
62,048
41,475
3,666
227,914
14,287
23,190
236,816
61,973
42,310
4,049
229,177
14,337
23,034
237,873
61,823
42,339
3,377
231,220
14,553
23,176
239,844
61,796
43,013
3,354
4,449
4,743
4,657
4,709
4,762
4,844
4,925
35,572
38,097
37,356
37,809
38,261
38,962
39,658
Eamings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income..........................
22,531
2,349
3,435
-5
3,440
22,751
2,519
3,573
-5
3,578
22,432
2,422
3,517
-1
3,518
22,882
2,502
3,560
-9
3,569
22,824
2,545
3,579
-6
3,585
22,868
2,606
3,638
-4
3,642
23,076
2,648
3,702
-7
3,709
178,455
17,527
26,387
47
26,340
181,367
18,854
27,698
53
27,645
182,920
18,559
27,066
76
26,990
179,971
18,536
27,534
30
27,504
181,032
18,996
27,886
51
27,835
181,545
19,326
28,306
55
28,251
183,023
19,536
28,661
80
28,582
Earnings by industry
17 Farm eamings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities.............................................................
Construction....................................................
23
24
Manufacturing.................................................
25
Durable goods.............................................
26
Nondurable goods.......................................
27
Wholesale trade..............................................
28
Retail trade......................................................
29
Transportation and warehousing....................
Information......................................................
30
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance...................
38
Arts, entertainment, and recreation................
Accomodation and food services...................
39
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
36
28,279
25,076
86
35
260
1,948
5,160
3,882
1,278
1,822
2,836
532
899
1,725
417
2,249
561
897
628
2,820
284
1,076
841
3,203
536
74
2,593
39
28,804
25,319
89
37
281
2,133
4,621
3,505
1,116
1,823
2,968
542
848
1,869
457
2,187
495
904
707
3,067
293
1,128
867
3,485
562
91
2,832
42
28,328
24,959
87
36
264
2,175
4,679
3,543
1,136
1,792
2,922
533
832
1,757
429
2,183
502
890
660
2,958
291
1,111
857
3,369
553
88
2,728
35
28,909
25,474
88
37
303
2,158
4,668
3,554
1,115
1,849
2,941
546
897
1,910
431
2,195
534
920
690
3,030
289
1,121
868
3,435
550
91
2,794
39
28,909
25,429
91
37
289
2,090
4,622
3,500
1,122
1,850
2,988
552
834
1,874
520
2,187
472
903
728
3,095
294
1,133
871
3,480
560
91
2,829
41
29,071
25,415
91
40
269
2,110
4,515
3,423
1,092
1,802
3,023
539
828
1,935
449
2,184
473
902
750
3,186
298
1,147
873
3,656
586
92
2,979
38
29,387
25,592
93
39
273
2,162
4,427
3,335
1,092
1,781
3,029
542
821
1,974
448
2,227
483
917
793
3,233
297
1,162
890
3,795
603
112
3,080
240
222,128
191,870
91
210
2,009
11,419
24,989
10,364
14,624
16,543
15,440
7,987
13,145
20,263
3,820
25,916
5,965
8,716
2,312
19,418
2,234
6,188
5,204
30,258
4,503
802
24,953
260
227,659
195,809
98
196
2,057
12,067
23,893
10,213
13,680
16,904
16,094
7,965
12,782
21,135
4,117
25,494
6,006
9,244
2,474
20,985
2,380
6,444
5,476
31,850
4,707
895
26,248
280
228,265
196,342
99
194
2,086
12,134
24,546
10,412
14,134
17,283
15,853
7,787
12,983
21,793
3,932
25,648
5,880
9,356
2,405
20,320
2,302
6,363
5,379
31,923
4,628
892
26,403
236
225,805
194,651
95
194
2,037
11,931
23,924
10,225
13,699
16,868
15,993
7,991
12,945
20,925
4,105
25,154
5,899
9,164
2,422
20,861
2,322
6,417
5,404
31,154
4,644
908
25,602
259
227,654
195,214
99
194
2,073
12,138
23,714
10,177
13,536
16,806
16,183
8,001
12,650
20,698
4,165
25,364
5,974
9,230
2,517
21,104
2,354
6,471
5,480
32,440
4,723
900
26,817
265
228,912
197,030
98
201
2,033
12,065
23,387
10,038
13,349
16,658
16,347
8,079
12,548
21,123
4,266
25,810
6,271
9,228
2,552
21,654
2,542
6,525
5,642
31,881
4,831
880
26,171
291
230,929
198,565
103
206
2,041
12,294
23,580
10,108
13,472
16,558
16,435
8,150
12,573
21,445
4,270
25,922
6,416
9,362
2,631
21,946
2,381
6,515
5,736
32,364
4,963
957
26,444
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
83
C u r r e n t B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
2002
2001
North Carolina
New York
New Mexico
2002
2003
2002'
2001
I'
II'
III'
IV '
2002'
I"
2001
I'
III'
IV '
I'
II'
III'
IV '
I"
686,279 685,909 687,503 691,855 224,094 229,356 227,740 228,855 229,994 230,836 233,200
685,685 685,284 686,860 691,358 221,487 227,405 225,145 227,540 228,089 228,847 230,728
2,472
1,905
1,988
498
2,607
1,951
2,595
1,315
594
642
625
1
2
3
163,038 163,959 164,294 166,711
10,341
10,322
10,328 10,511
-1,456 -1,450 -1,444 -1,467
151,261 152,168 152,522 154,734
41,485 41,390
41,913 41,741
36,085 36,828 37,076
35,681
1,154
1,780
1,712
1,898
4
5
6
7
8
9
10
35,922
11
44,352
43,675
677
43,677
42,735
943
44,098
43,647
451
44,438
43,824
614
45,193
44,493
700
45,676 684,704 684,070
45,013 683,908 683,440
662
630
796
29,405
1,730
114
27,788
7,506
6,966
102
30,822
1,850
61
29,033
7,612
7,707
196
30,386
1,810
66
28,642
7,549
7,486
165
30,588
1,851
60
28,797
7,658
7,643
205
30,835
1,854
61
29,042
7,637
7,759
206
31,480
1,887
56
29,649
7,604
7,939
206
31,818 514,033 506,089 501,883 508,163 507,143 507,169 510,939
1,920 30,786 30,682 30,533 30,843 30,729 30,623 31,064
56 -29,960 -32,151 -31,794 -32,546 -32,216 -32,049 -32,264
29,954 453,286 443,256 439,557 444,774 444,198 444,497 447,611
7,595 124,783 125,868 124,532 126,427 126,346 126,165 126,133
8,126 106,635 114,946 112,501 115,079 115,364 116,841 118,110
4,704
4,247
214
2,632
4,956
5,804
4,967
4,348
6,864
7,511
7,321
7,437
7,553
7,734
23,038
3,185
3,182
493
2,688
23,996
3,550
3,277
474
2,803
23,509
3,385
3,493
742
2,751
24,037
3,514
3,037
249
2,788
24,019
3,597
3,219
410
2,809
683
28,722
20,429
83
938
276
2,075
1,861
1,429
432
968
2,260
806
831
1,009
372
2,615
271
1,173
227
2,510
239
1,095
821
8,293
1,935
725
5,633
677
30,146
21,053
92
879
263
2,028
1,747
1,349
398
1,001
2,328
837
818
1,070
446
2,739
268
1,224
236
2,819
250
1,155
852
9,093
2,154
817
6,122
943
29,444
20,634
90
894
254
2,063
1,708
1,311
397
986
2,293
831
808
1,031
378
2,669
272
1,236
231
2,666
244
1,137
843
8,810
2,064
797
5,949
451
30,137
21,090
90
867
262
2,023
1,751
1,357
394
997
2,315
829
822
1,071
585
2,711
267
1,228
236
2,780
251
1,151
854
9,047
2,155
811
6,081
614
30,221
21,058
94
863
262
1,984
1,773
1,370
403
1,011
2,347
834
815
1,066
398
2,758
255
1,216
234
2,886
249
1,163
850
9,162
2,211
830
6,121
Line
2002'
If
42,260
41,577
683
7,912
676,590
675,929
661
I I'
2003
2002
2003
33,258
33,782
34,305
130,796 130,750
16,683
16,241
16,245 16,617
1,400
2,052
14,845 14,565
130,946
16,525
15,567
769
14,798
130,868
16,816
16,275
1,352
14,923
24,420
3,703
3,357
493
2,864
24,684 411,175 399,010 397,683 401,643 399,176 397,537 400,535
3,764 39,209 40,725 39,597 40,453 41,158 41,694 42,109
3,371
63,650 66,354 64,604 66,067 66,809 67,938 68,294
-2
141
109
145
455
340
179
133
2,916 63,310 66,213 64,425 65,958 66,676 67,793 68,296
129,862
15,488
16,245
2,092
14,153
130,621 132,033
17,498
17,151
17,181
16,523
1,429
1,910
15,094 15,271
12
13
14
15
16
700
30,781
21,428
94
893
275
2,042
1,756
1,359
398
1,008
2,359
855
827
1,111
421
2,818
276
1,215
244
2,946
254
1,170
862
9,352
2,185
830
6,337
2,472
1,905
1,315
1,988
662
594
642
498
2,607
1,951
2,595
796
630
661
625
31,156 513,237 505,459 501,222 507,569 506,519 506,526 510,441 158,989 161,774 161,014 161,723 162,054 162,306 164,239
21,632 443,173 432,450 429,184 435,594 432,589 432,435 435,457 129,777 130,563 130,232 130,515 131,111 130,394 131,479
467
468
469
495
1,297
1,373
467
98
1,285
1,264
1,284
438
466
1,213
1,295
267
266
267
546
268
269
269
888
502
512
507
528
266
498
515
5,194
5,229
264
4,744
5,158
5,086
5,145
5,205
(D)
(D)
(D)
(D)
(D)
(D)
(D)
10,525
10,863
10,630
11,185 10,876
11,043 10,970
2,098 21,080 21,176 21,038 21,048 21,346 21,274 21,614
28,455 28,482 27,922 27,811
35,774 35,725 35,803 35,537 29,731
28,358 28,571
1,761
36,813 35,698 35,491
14,914
15,012
15,007
14,563 14,478
1,365 21,525 21,573 21,577 21,682 21,407 21,627 21,337 16,119 14,874
13,333
13,448 13,568 13,359
397
14,092
14,176
14,200
13,612 13,484
13,559
15,288
14,125 13,914
14,318
8,532
8,377
8,471
8,396
8,355
23,730
8,051
8,383
1,018 24,400 23,548 23,421
23,683 23,578 23,511
11,784 11,737
11,746
11,709
11,639
11,675
2,393 24,940 25,473 25,070 25,209 25,624 25,990 26,123 11,657
4,960
4,882
4,870
4,823
12,093
4,918
4,916
849
11,594
11,646
11,740
11,869
5,166
11,983 11,712
835 33,495 31,689 31,810 31,472 31,528 31,946 31,301
(D)
(D)
(D)
(D)
(D)
(D)
(D)
9,267
8,988
9,080
9,013
8,923
1,147 100,221
90,443 90,060 94,889 89,505 87,317 88,760
7,888
9,061
2,249
2,266
2,285
2,325
10,342 10,371
10,754
10,797
2,187
2,250
2,200
421
10,470
10,412
10,448
10,077
10,032 10,422
10,022
10,109
2,775 52,655 51,112 51,023 51,468 51,057 50,898 51,060 10,160 10,060
4,807
4,771
4,843
13,480
4,769
4,701
258
14,041
13,551
5,089
4,796
14,389
14,603 13,963
14,048
5,764
5,658
5,657
15,984
15,804
15,880
5,661
5,681
5,646
1,240 16,255
16,006
16,214 16,023
5,360
1,793
1,772
1,795
1,850
247 10,441
11,027 11,375
11,703 11,599
1,690
1,788
1,735
11,199
10,690
14,301
14,465 14,712
52,027
13,254 14,138
13,737
14,049
3,025 47,047 49,554 48,275 48,905 50,124 50,911
1,548
1,500
8,284
1,441
1,531
1,523
8,230
7,862
8,279
8,362
8,416
1,490
1,511
258
7,991
4,927
4,961
4,879
4,874
4,931
13,219
4,692
4,786
1,180
12,750
12,804
13,018
12,429
12,519 12,657
4,360
12,804
4,422
4,381
4,350
12,404
12,650
4,396
4,386
4,390
878
12,128
12,395
12,253
12,273
74,984 29,212 31,211
30,782 31,209 30,942 31,912 32,760
9,524 70,064 73,009 72,038 71,975 73,930 74,091
3,996
4,116
4,198
9,507
10,081
3,707
3,988
3,882
3,959
9,556
9,758
2,226
8,939
9,346
9,613
6,666
5,931
6,011
2,025
5,120
5,878
5,738
5,831
905
1,588
1,806
1,781
1,803
1,806
1,833
60,666 62,484 62,527 62,878 20,385 21,346 21,162 21,419 21,016 21,785 21,896
6,393 59,536 61,647 60,911
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
108,152
109,275
34,116
35,117
31,246
109,991
112,137
163,609
10,304
-1,463
151,842
41,038
34,860
1,602
113,863
104,003
110,397
161,595 163,725
10,324
9,981
-1,453
-1,061
150,553 151,948
41,356 41,544
32,185 35,864
1,748
940
84
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
North Dakota
Line
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Ftersonal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
2003
2002'
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
Ohio
2002
Item
I I'
III'
IV '
2003
2002r
I"
I'
I I'
III'
IV '
I"
16,422
16,134
288
16,846
16,578
268
16,787
16,278
509
16,608
16,503
105
16,931
16,691
240
17,059
16,840
219
17,875
17,093
781
326,876
326,142
734
334,832
334,532
300
330,130
329,535
594
334,343
334,285
59
336,601
336,455
146
338,255
337,855
400
340,769
340,257
512
11,426
757
-405
10,264
3,503
2,654
34
11,853
804
-579
10,471
3,546
2,830
58
11,880
791
-568
10,522
3,508
2,758
42
11,602
797
-574
10,231
3,559
2,819
69
11,917
810
-583
10,524
3,560
2,848
64
12,015
817
-592
10,606
3,559
2,895
58
12,740
833
-601
11,306
3,560
3,009
120
230,607
12,923
-1,285
216,399
61,331
49,147
1,203
234,847
13,393
-1,397
220,057
61,657
53,118
2,095
231,698
13,220
-1,372
217,105
61,103
51,922
1,813
234,032
13,363
-1,394
219,275
62,010
53,058
2,391
236,320
13,491
-1,418
221,412
61,861
53,328
2,103
237,338
13,499
-1,403
222,436
61,654
54,165
2,075
238,999
13,666
-1,389
223,944
61,539
55,287
2,339
2,620
2,771
2,715
2,750
2,784
2,837
2,889
47,943
51,023
50,109
50,667
51,225
52,090
52,948
Earnings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
8,851
1,142
1,434
130
1,303
9,157
1,264
1,433
100
1,333
9,020
1,210
1,650
343
1,307
9,096
1,242
1,264
-62
1,326
9,222
1,285
1,410
70
1,340
9,289
1,318
1,407
48
1,359
9,407
1,346
1,987
610
1,378
188,238
21,538
20,830
371
20,459
189,974
23,178
21,694
-89
21,783
187,811
22,383
21,503
212
21,292
189,809
22,890
21,333
-326
21,659
191,145
23,488
21,687
-245
21,931
191,132
23,952
22,254
5
22,249
192,196
24,142
22,661
116
22,545
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
Forestry, fishing, related activities, and other6
20
21
Mining..............................................................
22
Utilities.............................................................
23
Construction
24
Manufacturing
25
Durable goods
26
Nondurable goods.......................................
27
Wholesale trade
28
Retail trade.
29
Transportation and warehousing....................
30
Information......................................................
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance...................
38
Arts, entertainment, and recreation................
39
Accomodation and food services....................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
288
11,138
8,578
58
221
245
736
958
596
362
757
915
435
320
564
88
465
172
285
56
1,510
44
384
365
2,561
523
457
1,580
268
11,585
8,825
64
210
253
722
950
626
323
773
947
455
321
617
93
494
147
295
58
1,606
50
402
369
2,760
560
525
1,675
509
11,371
8,697
62
202
251
729
926
611
315
765
936
450
309
608
89
481
147
293
59
1,579
48
395
367
2,673
543
508
1,622
105
11,497
8,766
61
214
255
723
947
629
317
757
936
450
320
607
93
492
151
296
66
1,578
50
399
370
2,731
558
520
1,653
240
11,678
8,881
65
211
251
717
958
630
328
787
953
459
328
609
94
496
143
297
54
1,633
51
407
369
2,796
567
533
1,696
219
11,796
8,957
68
213
256
721
968
636
332
782
962
460
326
643
95
508
148
295
51
1,633
50
408
368
2,839
573
537
1,729
781
11,958
9,056
67
209
254
719
979
647
332
782
967
463
337
668
94
516
151
293
54
1,672
51
410
372
2,902
583
580
1,740
734
229,873
195,045
183
964
1,804
13,482
47,183
33,782
13,400
12,858
16,874
7,109
6,327
12,619
3,135
16,712
5,863
8,336
2,358
23,504
2,465
6,599
6,669
34,828
5,651
976
28,201
300
234,547
197,251
193
921
1,886
13,666
45,757
32,818
12,939
12,785
17,116
7,128
6,089
13,078
3,244
16,601
6,759
8,523
2,491
24,965
2,534
6,829
6,685
37,296
5,826
1,146
30,323
594
231,103
194,310
191
936
1,882
13,591
45,040
32,337
12,703
12,679
16,889
7,059
6,095
12,804
3,187
16,446
6,493
8,432
2,407
24,284
2,526
6,737
6,633
36,793
5,763
1,124
29,906
59
233,973
197,194
189
950
1,878
13,581
46,118
33,171
12,947
12,763
17,089
7,130
6,161
13,039
3,213
16,634
6,818
8,461
2,457
24,738
2,480
6,793
6,701
36,780
5,794
1,154
29,832
146
236,174
198,833
195
895
1,886
13,772
46,024
32,944
13,080
12,937
17,264
7,169
6,094
13,125
3,264
16,663
7,152
8,565
2,515
25,201
2,536
6,875
6,701
37,341
5,821
1,174
30,346
400
236,938
198,669
196
904
1,899
13,720
45,844
32,820
13,024
12,759
17,222
7,154
6,006
13,346
3,313
16,661
6,571
8,633
2,586
25,639
2,595
6,913
6,707
38,269
5,927
1,133
31,210
512
238,487
199,787
202
878
1,920
13,701
45,822
32,602
13,219
12,699
17,235
7,227
6,015
13,629
3,298
16,686
6,694
8,825
2,605
26,127
2,610
6,911
6,705
38,699
6,021
1,254
31,424
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
S urvey
of
C
urrent
85
B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
2002
2001
Pennsylvania
Oregon
Oklahoma
2002
2003
2002'
2001
I'
I I'
III'
IV '
I"
2002
2003
2001
2002'
I'
I I'
III'
IV '
2003
Line
2002'
I'
I'
I I'
III'
IV '
I»
86,550
85,846
704
87,818
87,189
629
86,961
86,257
704
87,622
87,073
549
88,168
87,558
610
88,522
87,868
655
89,302
88,767
535
98,026
97,384
642
100,481
99,783
698
98,842
98,093
749
100,211
99,580
631
100,896
100,198
698
101,974
101,260
715
102,835 378,350 390,560 386,067 389,692 392,285 394,198 397,745
101,924 377,510 390,004 385,495 389,160 391,730 393,629 397,239
507
557
555
569
911
571
533
840
1
2
3
59,937
3,542
934
57,330
15,351
13,869
194
59,778
3,658
1,083
57,204
15,471
15,143
381
59,467
3,649
1,066
56,884
15,304
14,773
322
59,570
3,651
1,082
57,001
15,574
15,046
405
59,995
3,670
1,085
57,410
15,537
15,221
390
60,079
3,660
1,101
57,519
15,469
15,534
408
60,636
3,721
1,111
58,026
15,461
15,814
397
69,035
4,309
-1,948
62,778
21,010
14,238
654
69,847
4,419
-2,291
63,137
21,051
16,292
1,419
68,889
4,364
-2,269
62,255
20,863
15,724
1,235
69,651
4,412
-2,290
62,950
21,156
16,105
1,381
70,010
4,428
-2,281
63,301
21,119
16,475
1,517
70,840
4,473
-2,324
64,043
21,067
16,864
1,543
71,659 258,915 265,071 263,071 263,997 265,951 267,267 269,402
16,718 16,944
16,558 16,678
4,540 15,959
16,626 16,551
2,954
2,992
2,960
-2,345
2,979
3,044
2,956
2,475
64,774 245,430 251,424 249,563 250,396 252,233 253,503 255,451
21,036 70,783 71,191
70,502 71,568 71,438 71,256 71,140
67,728 68,614 69,439 71,155
17,026 62,137 67,945 66,001
4,129
4,685
4,344
4,475
1,345
2,187
4,080
3,372
4
5
6
7
8
9
10
13,675
14,762
14,451
14,641
14,831
15,126
15,418
13,584
14,873
14,490
14,724
14,958
15,321
15,681
66,470
11
43,766
6,169
10,002
488
9,514
44,016
6,596
9,165
398
8,768
43,977
6,414
9,076
475
8,601
43,998
6,528
9,044
319
8,725
44,123
6,671
9,202
376
8,825
43,967
6,771
9,340
419
8,921
44,398
6,888
9,350
298
9,052
55,142
6,302
7,591
-51
7,642
55,070
6,741
8,037
-45
8,082
54,469
6,511
7,908
16
7,892
55,051
6,660
7,940
-106
8,046
55,118
6,804
8,088
-50
8,138
55,640
6,987
8,212
-41
8,253
56,098 203,342 206,280 205,667 205,710 206,692 207,051 208,434
7,069 22,241
23,948 23,288 23,654 24,204 24,647 24,926
8,492 33,332 34,843 34,115 34,633 35,054 35,570 36,042
21
-36
6
29
152
345
26
48
36,078
8,340 32,987 34,817 34,067 34,627 35,033 35,541
12
13
14
15
16
704
59,233
46,539
115
2,960
1,038
3,106
9,322
4,542
4,781
2,501
4,447
2,280
1,863
2,360
870
3,149
710
2,325
406
5,179
315
1,799
1,794
12,694
2,966
1,535
8,193
629
59,149
45,824
120
2,952
1,079
3,049
7,907
4,272
3,635
2,594
4,526
2,205
1,855
2,446
894
3,221
684
2,343
432
5,528
331
1,863
1,795
13,325
3,115
1,717
8,492
704
58,763
45,618
118
2,972
1,046
3,068
7,921
4,301
3,620
2,729
4,522
2,134
1,879
2,379
862
3,208
679
2,374
415
5,334
329
1,856
1,792
13,145
3,061
1,689
8,396
549
59,021
45,730
119
2,929
1,067
3,037
7,998
4,380
3,618
2,533
4,512
2,224
1,869
2,435
891
3,204
680
2,341
427
5,467
327
1,851
1,821
13,291
3,091
1,725
8,475
610
59,386
46,006
122
2,954
1,098
3,041
7,913
4,273
3,641
2,561
4,524
2,264
1,822
2,453
919
3,222
703
2,334
444
5,638
332
1,871
1,790
13,380
3,130
1,736
8,513
655
59,424
45,941
123
2,952
1,105
3,049
7,796
4,135
3,662
2,552
4,548
2,198
1,851
2,517
904
3,247
675
2,324
441
5,672
337
1,873
1,776
13,483
3,178
1,719
8,586
535
60,101
46,341
127
2,972
1,123
3,132
7,814
4,113
3,701
2,532
4,556
2,279
1,821
2,564
899
3,293
727
2,338
462
5,687
337
1,866
1,812
13,760
3,269
1,877
8,614
642
68,393
56,860
966
100
629
4,886
10,890
8,699
2,191
4,137
5,211
2,182
2,217
3,380
1,171
4,778
1,811
2,353
607
6,582
631
2,347
1,984
11,533
1,980
248
9,306
698
69,149
57,049
1,037
105
660
4,816
10,244
8,125
2,119
4,225
5,300
2,225
2,027
3,545
1,160
4,671
1,714
2,499
640
7,121
657
2,432
1,971
12,100
2,095
295
9,711
749
68,140
56,204
993
102
635
4,739
10,279
8,178
2,101
4,164
5,234
2,196
2,062
3,475
1,134
4,655
1,708
2,414
620
6,839
618
2,385
1,951
11,936
2,024
291
9,621
631
69,020
56,992
1,007
104
666
4,853
10,285
8,162
2,123
4,237
5,284
2,226
2,017
3,528
1,145
4,666
1,743
2,523
633
7,050
635
2,420
1,971
12,028
2,042
295
9,691
698
69,312
57,172
1,076
107
659
4,850
10,139
8,010
2,129
4,268
5,343
2,238
1,988
3,533
1,168
4,669
1,660
2,533
645
7,226
654
2,443
1,973
12,139
2,121
300
9,719
715
70,125
57,827
1,071
107
681
4,821
10,274
8,150
2,124
4,231
5,338
2,238
2,040
3,643
1,194
4,696
1,746
2,527
662
7,368
722
2,479
1,989
12,298
2,191
294
9,813
507
555
569
557
571
533
911
840
70,748 258,075 264,515 262,499 263,465 265,396 266,698 268,896
58,305 224,776 229,133 227,831 228,259 229,788 230,654 232,083
405
386
378
393
391
1,095
365
381
1,382
1,356
1,417
1,414
1,408
106
1,408
1,465
3,187
3,107
3,180
3,195
3,282
668
3,171
3,213
17,346
17,108
17,103
4,750 16,505
17,049 17,025 16,958
10,266 40,486 39,245 39,640 39,278 39,283 38,782 38,600
8,162 24,009 23,339 23,411
23,421
23,380 23,145 22,980
2,104 16,477 15,906 16,228 15,857 15,903 15,637 15,620
12,755
12,744 12,767
4,226 12,453 12,713 12,679 12,662
18,906
18,946 18,934
5,401
18,308 18,754 18,549 18,615
9,121
9,151
9,014
9,009
9,089
2,270
8,928
9,068
9,477
9,310
9,340
2,041
9,390
9,446
9,328
9,611
17,647 17,732 17,895 18,276
17,695
17,507
3,755 17,471
4,367
4,356
4,067
4,151
4,267
1,198
4,032
4,213
4,783 24,072 24,453 24,347 24,460 24,462 24,544 24,605
4,392
4,443
4,254
4,381
1,730
4,124
4,368
4,444
9,157
9,045
9,214
9,164
9,212
2,550
9,047
9,325
7,717
7,504
719
7,160
7,026
7,198
6,613
6,911
7,499 30,854 32,866 32,063 32,546 33,098 33,757 34,395
2,644
2,641
2,614
2,658
691
2,541
2,615
2,455
7,585
7,414
7,444
7,518
2,527
7,317
7,376
7,086
7,987
8,083
7,897
2,032
7,787
7,842
7,835
7,925
36,812
12,442 33,299 35,381
34,668 35,205 35,608 36,044
8,088
7,627
7,668
7,819
2,259
7,166
7,650
7,486
1,147
1,054
1,026
336
1,046
1,034
1,070
891
9,847 25,242 26,685 26,148 26,524 26,870 27,199 27,577
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
59,951
63,865
62,629
63,384
64,139
65,309
86
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
Rhode Island
Line
Item
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
2003
2002'
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
South Carolina
2002
II'
III'
IV '
2003
2002'
\f
\r
I I'
III'
IV '
Ip
32,061
32,046
15
33,276
33,260
16
32,779
32,762
17
33,202
33,186
16
33,467
33,450
16
33,659
33,642
17
34,129
34,113
15
100,902
100,337
564
104,302
103,869
433
102,912
102,377
535
104,156
103,808
348
104,718
104,297
421
105,420
104,993
427
106,015
105,621
394
20,567
1,409
1,289
20,447
6,046
5,567
181
21,381
1,493
1,127
21,016
6,103
6,158
293
21,103
1,476
1,133
20,759
6,039
5,981
247
21,232
1,482
1,155
20,905
6,152
6,144
330
21,531
1,504
1,116
21,143
6,128
6,196
301
21,659
1,509
1,105
21,255
6,092
6,312
293
21,960
1,540
1,101
21,522
6,078
6,529
386
69,306
4,206
1,373
66,472
18,225
16,204
391
70,783
4,380
1,581
67,983
18,382
17,936
659
70,075
4,341
1,582
67,317
18,147
17,448
612
70,544
4,370
1,585
67,759
18,533
17,864
758
71,026
4,396
1,578
68,208
18,473
18,037
662
71,485
4,415
1,578
68,648
18,375
18,396
602
71,681
4,449
1,617
68,849
18,352
18,813
604
5,386
5,866
5,734
5,815
5,895
6,019
6,142
15,813
17,278
16,836
17,106
17,376
17,794
18,209
Earnings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
16,592
1,998
1,976
1
1,975
17,115
2,178
2,088
1
2,087
16,952
2,110
2,041
2
2,039
17,012
2,139
2,080
1
2,079
17,223
2,210
2,098
1
2,097
17,272
2,255
2,133
1
2,132
17,501
2,298
2,162
0
2,162
55,820
6,990
6,496
406
6,090
56,603
7,546
6,634
264
6,370
56,177
7,325
6,573
368
6,205
56,542
7,484
6,519
180
6,339
56,744
7,613
6,669
251
6,418
56,950
7,760
6,775
255
6,520
57,001
7,852
6,829
221
6,608
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities..............................................................
23
Construction....................................................
24
Manufacturing.................................................
25
Durable goods.............................................
26
Nondurable goods.......................................
27
Wholesale trade..............................................
28
Retail trade......................................................
29
Transportation and warehousing....................
30
Information......................................................
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance..................
38
Arts, entertainment, and recreation................
39
Accomodation and food services....................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
15
20,552
16,820
(D)
(D)
(D)
1,130
2,886
1,954
932
898
1,332
(D)
715
1,627
271
1,437
464
670
652
2,600
199
662
550
3,732
751
373
2,608
16
21,365
17,439
(D)
(D)
(D)
1,214
2,773
1,861
912
929
1,423
(D)
691
1,733
279
1,488
469
652
698
2,861
210
705
570
3,926
792
396
2,737
17
21,086
17,196
16
21,216
17,332
(D)
(D)
17
21,643
17,651
(D)
(D)
(D)
1,223
2,739
1,855
885
925
1,386
(D)
698
1,687
275
1,493
499
655
678
2,745
203
696
565
3,889
777
399
2,714
1,222
2,769
1,873
896
936
1,421
(D)
662
1,715
274
1,510
448
653
684
2,817
206
699
569
3,884
779
388
2,716
16
21,514
17,576
(D)
(D)
(D)
1,203
2,817
1,850
967
937
1,436
15
21,945
17,887
(D)
(D)
(D)
1,240
2,772
1,867
905
935
1,454
(D)
718
1,826
282
1,455
491
648
743
3,026
215
724
587
4,058
837
443
2,778
564
68,742
54,672
269
110
872
5,117
12,986
6,264
6,723
2,958
5,776
1,949
1,379
2,977
1,240
4,075
525
3,242
498
5,223
656
2,656
2,164
14,070
1,735
2,091
10,244
433
70,350
55,538
281
112
877
5,202
12,657
6,232
6,425
3,076
5,827
1,968
1,352
3,193
1,276
4,130
523
3,345
541
5,533
672
2,781
2,192
14,812
1,805
2,357
10,649
535
69,541
54,786
278
112
848
5,101
12,590
6,209
6,381
3,083
5,748
1,925
1,316
3,092
1,247
4,169
537
3,290
523
5,395
665
2,707
2,160
14,754
1,772
2,331
10,651
348
70,196
55,367
283
112
888
5,193
12,728
6,249
6,479
3,064
5,831
1,956
1,333
3,141
1,278
4,036
505
3,346
537
5,492
672
2,785
2,188
14,830
1,798
2,417
10,615
421
70,605
55,854
282
111
899
5,254
12,718
6,235
6,483
3,111
5,856
1,982
1,351
3,159
1,302
4,140
516
3,347
544
5,605
673
2,805
2,199
14,751
1,809
2,357
10,585
427
71,059
56,147
281
113
875
5,260
12,591
6,235
6,356
3,048
5,875
2,007
1,410
3,380
1,277
4,174
534
3,399
561
5,640
677
2,825
2,221
14,912
1,844
2,323
10,745
394
71,287
55,974
299
114
882
5,269
12,413
6,065
6,348
2,940
5,942
2,099
1,423
3,354
1,304
4,143
526
3,341
522
5,704
660
2,806
2,231
15,313
1,906
2,524
10,883
12
13
14
15
16
See the footnotes at the end of the table.
(D)
(D)
(D)
693
1,742
282
1,477
468
653
712
2,912
213
707
572
3,938
797
400
2,741
(D)
(D)
1,208
2,768
1,868
899
918
1,450
(D)
708
1,786
285
1,472
461
647
719
2,970
217
719
576
3,992
817
399
2,776
August 2003
Survey
of
C
urrent
87
B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Tennessee
South Dakota
2002
2001
2002'
2001
I'
I I'
III'
IV '
I"
Texas
2002
2003
2002
2003
2002'
2001
I'
II'
III'
IV '
2003
Line
2002'
I'
I"
I I'
III'
IV '
I?
20,146
19,305
841
20,316
19,975
342
20,043
19,570
473
20,095
19,871
225
20,466
20,142
324
20,660
20,315
344
21,518
20,521
997
154,130
153,838
292
158,717
158,385
332
156,391
156,057
334
158,810
158,482
328
159,256
158,930
327
160,411
160,071
340
161,695 608,466 618,560 611,202 618,643 620,373 624,021 629,962
161,636 605,742 615,891 608,227 616,280 617,798 621,257 626,945
2,764
3,017
2,724
2,669
2,975
2,363
2,575
59
1
2
3
13,750
879
-220
12,650
4,675
2,820
21
13,720
928
-289
12,504
4,784
3,028
38
13,552
909
-280
12,362
4,717
2,964
32
13,490
920
-285
12,285
4,803
3,007
40
13,843
938
-293
12,612
4,808
3,046
43
13,994
944
-296
12,754
4,809
3,097
38
14,780
959
-298
13,523
4,818
3,177
63
112,771
6,826
-1,321
104,624
24,156
25,349
577
116,266
7,159
-2,311
106,797
24,206
27,714
917
114,828
7,086
-2,289
105,453
23,966
26,972
830
116,225
7,160
-2,320
106,746
24,449
27,615
1,072
116,615
7,178
-2,313
107,123
24,299
27,834
891
117,397
7,210
-2,321
107,865
24,110
28,437
873
118,311 474,958 477,903 473,387 477,676 478,929 481,618 487,375
7,327 26,692 27,314 27,139 27,339 27,362 27,417 27,892
-2,337 -1,086 -1,152 -1,152 -1,159 -1,152
-1,145 -1,159
108,647 447,181 449,436 445,095 449,179 450,415 453,056 458,324
23,988 90,523 90,985 89,942 91,686 91,384 90,929 90,756
29,060 70,763 78,139 76,166 77,778 78,574 80,037 80,882
3,120
3,729
3,522
3,428
2,731
880
1,597
3,450
4
5
6
7
8
9
10
2,799
2,990
2,931
2,967
3,003
3,059
3,114
24,773
26,798
26,142
26,542
26,943
27,564
28,180
10,048
1,305
2,396
699
1,697
10,321
1,436
1,962
190
1,772
10,130
1,371
2,051
323
1,727
10,245
1,408
1,836
74
1,762
10,423
1,464
1,956
172
1,784
10,487
1,500
2,007
191
1,816
10,578
1,518
2,683
842
1,841
86,655
9,919
16,198
121
16,077
88,496
10,736
17,035
149
16,886
87,737
10,404
16,687
153
16,534
88,630
10,646
16,949
146
16,803
88,640
10,847
17,128
142
16,986
88,976
11,046
17,375
154
17,222
89,803 355,118 353,866 352,139
40,793
11,209 39,575 42,121
17,298 80,265 81,915 80,454
1,995
-128
1,796
1,675
17,427 78,469 80,240 78,459
841
12,909
10,303
63
71
133
872
1,457
970
487
706
1,100
409
283
981
139
506
264
367
144
1,687
161
531
429
2,606
643
247
1,716
342
13,378
10,613
69
63
146
918
1,406
952
454
730
1,140
417
291
1,011
141
516
251
346
150
1,844
165
568
440
2,765
702
292
1,771
473
13,079
10,411
67
66
149
893
1,399
954
445
718
1,125
411
292
991
138
509
237
341
144
1,788
164
552
427
2,669
676
283
1,709
225
13,265
10,529
68
63
138
915
1,397
948
449
726
1,132
417
290
999
140
510
252
345
149
1,813
165
563
447
2,736
693
289
1,754
324
13,518
10,707
70
62
146
921
1,412
949
462
746
1,154
421
288
1,020
142
520
252
347
156
1,867
166
574
445
2,811
714
298
1,799
344
13,650
10,804
70
62
153
944
1,416
957
460
732
1,148
418
293
1,035
145
527
261
350
149
1,908
164
586
441
2,846
727
298
1,822
78,151
11
354,666 354,092 354,569 358,267
43,403 44,118
41,736 42,551
81,274 82,287 83,646 84,989
1,754
2,002
1,377
1,576
79,897 80,711
81,893 82,988
12
13
14
15
16
2,764
3,017
334
2,724
2,975
997
292
332
328
327
340
59
2,669
2,363
2,575
13,783 112,479 115,934 114,494 115,898 116,288 117,057 118,252 472,234 475,233 470,412 475,314 476,354 478,854 484,358
10,906 96,830 99,346 98,136 99,368 99,532 100,346 101,108 403,961 401,402 398,177 401,996 402,027 403,406 407,141
1,084
221
234
1,025
1,006
1,047
72
223
220
227
225
968
1,008
1,038
216
21,771
241
228
222
227
223
219 20,963 21,038 20,622 20,835 20,964 21,731
61
243
279
282 10,473
10,673
10,580
10,427
10,783 10,902
10,999
157
265
276
268
278
281
6,184
6,207
6,180
32,493 32,622 32,432 32,575 33,265
947
6,348
6,172
6,178
6,126 32,300 32,531
19,783 19,634
19,865
19,773
19,860 19,907 61,616 56,893 56,307 57,882 56,727 56,654 57,016
1,428 19,807
12,147 12,045
11,874
11,992
12,126
12,134 36,277 34,808 34,357 35,730 34,640 34,507 34,565
958
12,078
7,641
7,718
7,734
470
7,933
7,705
7,728
7,773 25,339 22,084 21,950 22,153 22,087 22,148 22,451
6,372
6,437
734
6,260
6,448
6,510
6,473
6,458 30,058 28,850 28,860 29,059 28,855 28,625 28,678
33,412
9,237
9,211
1,144
9,116
9,235
9,128
9,363
9,370 32,890 33,442 33,363 33,527 33,486 33,392
6,419
6,411
6,358 21,728 20,679 20,045 20,558 21,075 21,037 21,046
424
6,310
6,395
6,315
6,433
18,406
2,874
2,878
2,851
2,842
2,917 20,177
18,880
19,630
18,995
18,519 18,378
297
2,861
2,925
29,134 29,858 29,735 30,317 30,867
6,192
6,276
6,290
6,497
6,646 29,239 29,761
1,061
6,366
6,400
10,621
10,642
10,441
10,461
1,567
1,570
1,643
1,609
1,622
1,633 10,076
10,298 10,382
143
1,611
7,267
542
7,047
7,244
7,116
7,366
7,226
7,375 40,973 40,230 40,214 40,335 40,386 39,985 40,389
2,985
1,324
2,996
3,037
2,944
2,996
3,006
1,297
1,329
1,267
1,266
1,267
2,700
259
1,225
18,424
18,649
18,909
5,957
5,916
5,971
5,960
6,047 18,761
19,435
19,003 18,775
346
5,687
5,980
3,812
3,998
1,634
3,746
1,527
1,496
1,496
1,571
3,476
3,695
3,573
3,648
153
1,396
1,545
37,874 38,960 39,878 40,533 41,437
13,457 13,750 14,005
36,288 39,311
1,935 12,926
13,879
14,303 14,661
3,597
3,551
1,677
1,582
1,614
3,214
3,491
3,357
3,451
3,559
166
1,486
1,620
1,620
1,600
15,877
15,484 15,573
15,679 15,787
4,517
4,671
4,711
15,176
15,631
587
4,378
4,603
4,588
4,638
13,068
3,627
3,651
12,886
12,926
12,863
12,927
12,933 12,983
3,499
3,596
3,545
3,583
3,629
451
16,711
17,143 68,273 73,832 72,235 73,318 74,327 75,448 77,217
2,877
15,649
16,588 16,358
16,529
16,756
13,043
12,218
12,222
12,589
3,681
3,719
3,914 11,536
11,957 12,104
728
3,507
3,693
3,661
3,710
7,924
8,632
7,877
7,960
564
571
571
540
593
6,980
7,748
7,875
322
496
561
12,334
12,112 12,240
12,524
12,460
12,636 49,757 53,737 52,530 53,338 54,145 54,935 55,543
1,826 11,646
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
69,166
74,689
73,045
74,049
75,052
76,608
88
State Personal Income
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
Utah
Line
Item
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits.....
Transfers excluding State unemployment
insurance benefits.......................................
2003
2002'
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
Farm income (line 17).........................................
3
Vermont
2002
II'
III'
IV '
2003
2002'
l<>
I'
II'
III'
IV '
\»
54,764
54,467
.297
55,953
55,715
238
55,522
55,229
293
55,771
55,581
190
55,952
55,725
227
56,568
56,325
243
57,108
56,866
243
17,627
17,493
133
18,167
18,085
83
17,900
17,809
91
18,093
18,018
76
18,238
18,156
81
18,439
18,355
83
18,733
18,669
64
42,234
2,406
27
39,856
9,062
5,845
178
42,772
2,483
2
40,291
9,172
6,490
356
42,631
2,482
-2
40,148
9,068
6,306
313
42,532
2,473
1
40,060
9,249
6,462
383
42,669
2,475
4
40,198
9,213
6,541
375
43,256
2,502
4
40,758
9,159
6,651
352
43,717
2,545
4
41,176
9,140
6,792
360
12,019
762
139
11,396
3,687
2,544
64
12,255
794
130
11,591
3,754
2,822
135
12,135
787
126
11,473
3,704
2,722
100
12,190
790
136
11,536
3,770
2,787
125
12,274
795
132
11,610
3,772
2,856
153
12,420
803
128
11,745
3,769
2,924
160
12,601
820
126
11,907
3,773
3,054
229
5,667
6,134
5,993
6,079
6,166
6,299
6,432
2,479
2,688
2,622
2,662
2,702
2,764
2,825
Earnings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income..........................
33,796
4,203
4,236
188
4,048
33,972
4,529
4,271
121
4,150
34,007
4,399
4,225
178
4,048
33,880
4,456
4,196
74
4,122
33,827
4,564
4,278
109
4,169
34,173
4,697
4,386
124
4,262
34,521
4,768
4,427
123
4,304
9,409
1,093
1,516
74
1,442
9,549
1,176
1,530
19
1,511
9,485
1,138
1,512
28
1,484
9,517
1,158
1,515
12
1,503
9,552
1,188
1,533
17
1,516
9,641
1,220
1,559
19
1,541
9,783
1,245
1,573
-1
1,574
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities............................................................
23
Construction
24
Manufacturing
25
Durable goods
26
Nondurable goods.......................................
27
Wholesale trade
28
Retail trade..
29
Transportation and warehousing....................
30
Information
31
Finance and insurance
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance..................
38
Arts, entertainment, and recreation................
39
Accomodation and food services...................
Other services, except public administration...
40
41
Government and government enterprises..........
42
Federal, civilian...............................................
Military.............................................................
43
44
State and local................................................
297
41,937
34,008
38
476
363
3,034
5,148
3,634
1,514
2,022
3,248
1,925
1,603
2,416
575
3,278
1,122
1,602
623
3,050
475
1,352
1,659
7,929
2,068
458
5,403
238
42,534
34,054
40
450
386
2,935
4,852
3,396
1,456
2,020
3,337
1,937
1,490
2,527
613
3,220
1,015
1,604
662
3,279
590
1,425
1,671
8,480
2,185
561
5,734
293
42,338
33,988
39
448
462
2,886
4,858
3,413
1,445
1,993
3,322
1,934
1,517
2,393
608
3,180
998
1,623
710
3,192
699
1,451
1,672
8,350
2,093
542
5,715
190
42,342
33,942
39
457
364
2,890
4,861
3,425
1,435
2,018
3,342
1,932
1,516
2,489
601
3,241
1,027
1,629
605
3,263
582
1,407
1,680
8,400
2,115
561
5,724
227
42,442
33,927
40
440
346
2,900
4,879
3,408
1,472
2,045
3,331
1,940
1,481
2,568
606
3,195
1,014
1,581
670
3,266
543
1,416
1,664
8,516
2,209
576
5,731
243
43,013
34,359
40
454
370
3,066
4,808
3,337
1,471
2,024
3,354
1,941
1,444
2,660
636
3,262
1,019
1,584
664
3,397
538
1,427
1,670
8,655
2,323
564
5,767
243
43,474
34,639
42
477
370
3,005
4,791
3,297
1,494
2,019
3,361
1,964
1,511
2,740
639
3,305
1,031
1,609
678
3,435
534
1,430
1,697
8,835
2,349
620
5,866
133
11,885
9,947
57
42
170
828
2,187
1,697
490
484
1,034
275
302
587
126
887
17
289
331
1,321
93
556
359
1,939
356
70
1,512
83
12,172
10,110
59
42
189
825
2,044
1,588
455
503
1,078
284
304
609
133
902
18
293
344
1,454
97
579
352
2,062
364
81
1,617
91
12,043
10,020
59
44
180
840
2,078
1,607
471
507
1,063
274
299
596
131
897
19
283
335
1,396
97
570
351
2,024
348
81
1,595
76
12,115
10,066
58
43
185
825
2,051
1,598
453
510
1,068
281
307
603
131
892
19
285
350
1,434
100
573
353
2,048
355
81
1,612
81
12,192
10,133
60
42
193
815
2,052
1,603
449
499
1,084
292
305
603
133
906
17
297
336
1,470
100
579
351
2,060
369
85
1,606
83
12,337
10,221
60
41
197
822
1,995
1,546
449
498
1,098
288
307
636
137
912
17
309
356
1,516
90
592
352
2,116
384
78
1,654
64
12,537
10,350
62
40
200
862
1,992
1,536
456
505
1,108
301
310
643
138
914
16
310
363
1,545
88
593
361
2,186
398
86
1,702
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
C
urrent
89
B u sin e s s
and Eamings by Industry, 2001-2003:11 —Continued
seasonally adjusted at annual rates]
Washington
Virginia
2002
2001
2002
2003
2002'
2001
I'
II'
III'
IV '
West Virginia
2001
I'
I I'
III'
IV '
2003
2002
2003
2002'
\p
Line
2002'
If
I'
I I'
III'
IV '
I"
191,645
190,535
1,109
198,221
196,851
1,370
194,342
192,984
1,358
198,138 200,086
196,779 198,715
1,372
1,359
200,319 201,570
198,927 199,959
1,392
1,610
41,174
41,162
12
42,575
42,557
17
42,198
42,172
26
42,467
42,459
9
42,689
42,673
16
42,944
42,925
19
43,492
43,543
-51
1
2
3
176,264
10,806
8,618
174,076
42,510
27,051
990
137,200
8,446
2,148
130,901
36,503
24,240
1,381
139,603
8,701
2,692
133,594
36,921
27,706
2,825
136,888
8,546
2,665
131,007
36,451
26,885
2,580
139,451
8,696
2,681
133,436
37,231
27,470
2,813
141,060
8,799
2,682
134,943
37,103
28,040
3,031
141,014
8,764
2,739
134,989
36,900
28,430
2,875
142,166
8,867
2,773
136,073
36,840
28,657
2,560
25,619
1,664
485
24,440
7,122
9,612
139
26,329
1,739
524
25,114
7,160
10,300
247
26,269
1,740
493
25,022
7,100
10,076
198
26,218
1,733
527
25,012
7,213
10,243
258
26,355
1,740
538
25,153
7,184
10,352
260
26,474
1,744
539
25,269
7,145
10,530
272
26,828
1,783
542
25,587
7,125
10,780
357
4
5
6
7
8
9
10
26,062
22,860
24,882
24,305
24,657
25,009
25,555
26,097
9,473
10,053
9,878
9,985
10,092
10,258
10,423
11
141,126 110,761 111,116 109,303
12,590
21,422
13,122
12,165
14,995
13,716 14,273 15,365
200
12
-30
196
14,795
13,745 14,261
15,169
111,200
12,971
15,280
194
15,086
112,238
13,357
15,464
191
15,273
111,723
13,569
15,722
199
15,523
112,267
13,736
16,164
412
15,752
20,130
2,769
2,720
-14
2,734
20,495
2,998
2,836
-11
2,846
20,533
2,924
2,811
-1
2,813
20,444
2,958
2,815
-19
2,835
20,485
3,022
2,849
-12
2,861
20,519
3,088
2,866
-9
2,876
20,828
3,133
2,868
-79
2,947
12
13
14
15
16
1,372
1,392
307
1,359
1,610
452
311
319
300
316
193
1,109
1,370
1,358
168,781 171,903 169,552 171,649 172,961 173,451 176,071 136,090 138,233 135,530 138,092 139,688 139,621 140,556
129,482 129,869 128,310 129,895 130,560 130,711 131,778 111,132 111,210 109,196 111,270 112,443 111,930 112,386
1,277
1,347
1,350
1,389
218
224
222
222
228
224
236
1,231
1,313
1,276
228
220
221
215
994
234
224
998
1,000
995
980
1,000
1,011
226
477
563
480
485
1,592
1,569
1,512
1,521
499
476
1,479
1,548
1,540
508
9,556
9,660
9,701
9,820
10,662
10,877
10,878 10,847
10,910 10,875 10,744
9,482
9,576
9,385
16,924
17,107
16,945 16,853
15,180 14,974 14,862
15,195 15,012
14,826 14,945 17,456
17,161
17,670
12,750
12,521
12,619 12,500
8,905
8,784
8,627
8,754
8,839
8,756
8,706
13,323 12,816 13,375
4,173
4,586
4,326
4,353
6,341
6,218
6,156
6,290
6,227
6,199
6,191
4,133
4,345
4,295
6,764
6,564
6,901
6,861
6,843
6,820
6,747
6,618
6,652
6,647
6,609
6,686
6,906
6,842
9,730
9,819
9,796
10,297
10,421
10,564
10,552
9,747
9,858
10,091
10,453
10,528
9,508
9,583
4,328
4,299
4,774
4,932
4,977
4,254
4,268
4,252
4,903
4,899
4,978
4,910
4,236
4,170
11,738 12,494
11,283
10,861
8,835
13,282
11,484 10,422
11,131
8,716
8,825
8,703
8,500
8,556
7,137
8,434
6,462
6,754
6,504
6,765
6,755
6,990
8,165
8,531
8,425
8,496
8,769
8,950
2,492
2,554
2,550
2,465
2,628
2,725
2,674
2,697
2,763
2,764
2,763
2,419
2,483
2,423
11,140
11,176
11,164
11,401
11,000
22,505 22,878 22,446 22,750 22,930 23,383 23,702 11,075
11,120
2,321
2,359
2,413
2,455
5,243
5,326
5,196
5,416
5,547
5,143
2,209
2,356
2,333
5,251
4,791
4,906
4,605
4,875
4,851
5,596
5,707
5,867
5,665
5,706
5,591
5,587
4,563
4,780
1,077
1,044
1,014
1,035
1,050
1,161
1,577
1,684
1,613
1,647
1,705
1,774
1,751
1,016
12,527
12,121
11,737
12,003
12,219
12,718
11,586
12,628 12,141
12,477 12,835 13,060
13,291
11,295
1,372
1,334
1,214
1,331
1,386
1,410
1,156
1,242
1,213
1,310
1,231
1,215
1,360
1,375
4,415
4,432
4,464
4,582
4,311
4,224
4,301
4,343
4,376
4,355
4,502
4,531
4,540
4,190
3,765
3,827
5,364
3,752
3,765
3,738
5,345
5,291
5,322
5,402
5,480
3,699
3,740
5,261
41,754 42,401
39,299 42,034 41,241
42,739 44,292 24,959 27,023 26,334 26,822 27,246 27,692 28,170
4,994
5,184
4,855
5,096
11,952 12,547
12,294
12,641
4,538
4,925
4,758
12,448
12,806 13,209
3,619
3,690
3,718
4,048
9,883 10,080
10,359
10,235 11,245
3,154
3,633
3,506
9,031
10,139
18,562
18,877
18,348
18,939
19,064
19,227
19,401
19,698
19,839
17,266 18,464 18,071
18,315 19,347
12
25,607
19,987
82
1,400
466
1,698
3,306
1,792
1,514
1,004
1,994
876
549
864
243
1,325
151
702
178
3,295
258
851
745
5,620
1,397
175
4,048
17
26,312
20,345
85
1,411
457
1,628
3,225
1,797
1,428
1,018
2,047
869
554
902
260
1,422
144
693
175
3,519
286
890
759
5,967
1,482
212
4,273
26
26,243
20,375
85
1,487
457
1,729
3,237
1,798
1,439
1,016
2,031
867
556
888
249
1,384
141
702
174
3,459
284
878
750
5,868
1,457
212
4,199
9
26,209
20,294
84
1,387
472
1,640
3,235
1,815
1,420
1,017
2,033
873
546
905
255
1,410
146
695
173
3,501
281
883
757
5,915
1,470
218
4,226
16
26,339
20,342
87
1,370
439
1,623
3,215
1,792
1,423
1,025
2,060
873
551
906
265
1,437
145
691
174
3,538
286
897
762
5,997
1,489
217
4,291
19
26,455
20,368
85
1,400
458
1,522
3,213
1,782
1,430
1,016
2,065
861
564
909
270
1,458
144
683
178
3,578
293
903
768
6,087
1,513
201
4,374
-51
26,879
20,728
89
1,444
459
1,644
3,176
1,753
1,423
1,023
2,097
881
556
920
276
1,491
150
702
188
3,636
295
919
781
6,151
1,558
218
4,375
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
232,730 238,325 234,661 238,366 239,670 240,605 243,637
232,278 238,015 234,341 238,066 239,363 240,289 243,444
452
307
311
319
300
316
193
169,233
10,189
8,218
167,262
42,325
23,144
355
172,214
10,521
8,065
169,758
42,776
25,791
949
169,871
10,402
7,896
167,366
42,281
25,014
750
171,949 173,268 173,766
10,584 10,589
10,510
8,054
8,022
8,288
169,493 170,706 171,465
43,220 42,981
42,623
25,652 25,983 26,516
1,035
1,013
998
22,789
24,842
24,263
24,617
24,970
25,518
137,824 138,591
18,717 20,223
12,692 13,400
249
93
12,444 13,307
137,232
19,517
13,123
105
13,018
138,627
20,001
13,320
84
13,237
139,267
20,529
13,472
88
13,384
139,237
20,846
13,683
94
13,588
State Personal Income
90
August 2003
Table 4. Personal Income by Major Source
[Millions of dollars,
Wisconsin
Line
2001
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
Farm income (line 17).........................................
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
Earnings by place of work
Components of earnings:
Wage and salary disbursements........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors' income................................
Nonfarm proprietors’ income..........................
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities.............................................................
Construction....................................................
23
24
Manufacturing.................................................
Durable goods.............................................
25
26
Nondurable goods.......................................
27
Wholesale trade..............................................
Retail trade......................................................
28
29
Transportation and warehousing....................
30
Information......................................................
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
35
Administrative and waste services.................
Educational services.......................................
36
37
Health care and social assistance..................
Arts, entertainment, and recreation................
38
Accomodation and food services...................
39
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
Military.............................................................
43
44
State and local........................................
See the footnotes at the end of the table.
Wyoming
2002
Item
2003
2002
2001
2002r
lr
IIf
III'
IV f
I>
2003
2002'
\'
IIr
lllr
IV r
I”
157,832
157,286
546
163,216
162,758
458
160,906
160,210
696
162,839
162,645
193
163,937
163,482
455
165,182
164,695
487
166,801
166,619
182
14,609
14,475
134
15,208
15,160
48
14,996
14,914
83
15,095
15,085
10
15,271
15,243
27
15,469
15,397
72
15,688
15,580
108
109,312
6,799
2,721
105,233
31,743
20,855
802
112,427
7,110
2,956
108,273
31,970
22,973
1,333
111,061
7,022
2,923
106,963
31,584
22,359
1,176
111,953
7,099
2,959
107,814
32,114
22,911
1,449
112,862
7,137
2,979
108,705
32,106
23,127
1,386
113,830
7,183
2,964
109,611
32,077
23,494
1,321
114,692
7,307
2,993
110,377
32,070
24,354
1,752
9,625
582
-40
9,004
3,876
1,729
26
10,034
624
-46
9,364
3,957
1,887
57
9,935
617
-47
9,272
3,890
1,834
43
9,928
619
-46
9,263
3,965
1,867
52
10,066
627
-46
9,393
3,980
1,899
60
10,207
632
-47
9,529
3,992
1,948
73
10,373
643
-48
9,682
4,006
2,000
89
20,053
21,640
21,183
21,462
21,741
22,173
22,602
1,703
1,830
1,792
1,815
1,839
1,875
1,911
89,685
10,521
9,106
-86
9,192
91,324
11,349
9,754
-219
9,973
90,328
10,974
9,759
29
9,730
91,303
11,213
9,437
-478
9,915
91,565
11,475
9,823
-226
10,049
92,099
11,732
9,998
-201
10,200
93,058
11,848
9,785
-509
10,295
7,233
890
1,502
55
1,447
7,554
987
1,493
-37
1,530
7,485
952
1,498
-1
1,499
7,510
969
1,449
-74
1,522
7,584
1,002
1,480
-58
1,538
7,637
1,025
1,546
-14
1,560
7,723
1,043
1,607
22
1,586
546
108,766
92,564
240
193
988
7,126
25,352
16,004
9,349
5,700
7,885
3,789
2,699
6,264
1,142
458
111,969
94,989
260
201
889
7,234
25,226
15,966
9,260
5,879
7,786
3,857
2,673
6,579
1,169
6,061
2,485
3,558
1,268
12,522
950
3,344
3,046
16,980
1,946
400
14,634
696
110,365
93,519
254
194
902
7,105
25,002
15,857
9,144
5,741
7,644
3,839
2,672
6,433
1,135
6,003
193
111,760
94,952
256
200
895
7,187
25,288
16,032
9,255
5,993
7,956
3,820
2,722
6,550
1,164
6,025
2,390
3,574
1,247
12,364
952
3,326
3,042
16,808
1,937
408
14,463
455
112,407
95,375
265
204
884
7,331
25,313
15,998
9,316
5,895
7,800
3,868
2,649
6,568
1,179
6,064
2,435
3,572
1,290
12,718
942
3,363
3,037
17,032
1,958
409
14,665
487
113,343
96,108
266
208
873
7,312
25,303
15,977
9,325
5,885
7,746
3,903
2,648
6,766
1,199
6,153
2,618
3,580
1,305
12,980
949
3,381
3,033
17,235
1,988
385
14,862
182
114,509
97,299
274
213
871
7,088
25,580
16,043
9,536
5,954
7,900
4,020
2,672
6,894
1,210
134
9,491
7,223
48
1,309
(D)
889
471
192
279
316
709
(D)
(D)
292
154
487
37
48
9,986
7,518
50
1,339
83
9,853
7,441
48
1,366
10
9,918
7,485
50
1,339
(D)
938
456
215
241
335
726
(D)
(D)
302
108
10,265
7,686
52
1,353
(D)
956
447
214
232
334
747
(D)
(D)
312
171
239
5,955
1,915
3,422
1,180
11,534
911
3,224
3,044
16,202
1,817
332
14,053
2,499
3,507
1 ,2 2 9
12,024
956
3,306
3,073
16,846
1,901
400
14,545
6,219
2,656
3,674
1,351
13,235
959
3,408
3,121
17,210
2,014
427
14,770
(D)
(D)
33
231
233
72
10,135
7,604
50
1,321
(D)
932
450
212
238
328
743
(D)
(D)
302
174
550
54
231
32
54
706
106
484
(D)
2,495
473
247
1,775
730
106
493
(D)
2,531
477
245
1,809
231
38
699
104
484
(D)
2,468
463
684
108
476
(D)
2,433
453
222
244
938
456
211
246
327
719
(D)
(D)
292
164
506
38
230
31
677
97
484
(D)
2,411
451
1,613
1,760
1,719
1,736
31
648
115
439
(D)
2,268
433
936
456
213
243
330
732
(D)
(D)
299
170
519
27
10,038
7,543
51
1,331
(D)
936
461
215
246
332
741
(D)
(D)
298
174
516
31
39
242
169
505
244
33
559
36
229
32
738
102
500
(D)
2,578
490
267
1,822
August 2003
S urvey
of
C
urrent
91
B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Mideast
New England
2002
2002'
2001
2002
2003
2001
I'
IIr
lllf
IV '
Ip
2003
Line
2002r
lr
II'
III'
I»
IV '
521,283
520,699
584
530,315
529,819
496
524,249
523,725
523
531,524
531,066
459
532,245
531,752
493
533,241
532,732
509
537,516
537,024
493
1,630,698
1,628,230
2,468
1,662,520
1,660,631
1,890
1,644,672
1,642,610
2,061
1,662,445
1,660,734
1,711
1,668,240
1,666,379
1,860
1,674,725
1,672,799
1,927
1,688,282
1,686,406
1,876
1
2
3
373,322
21,950
7,253
358,625
97,534
65,124
2,255
374,158
22,341
8,336
360,153
98,483
71,679
4,647
371,419
22,233
8,273
357,460
97,198
69,591
3,812
374,669
22,380
8,390
360,679
99,201
71,644
5,100
375,020
22,395
8,337
360,962
98,965
72,318
5,010
375,524
22,357
8,343
361,510
98,569
73,161
4,667
378,710
22,687
8,406
364,429
98,463
74,625
4,955
1,186,684
71,592
-17,198
1,097,894
301,629
231,175
6,970
1,198,021
73,407
-18,493
1,106,122
304,413
251,985
13,536
1,189,812
73,151
-18,238
1,098,423
301,019
245,230
11,156
1,196,417
73,334
-18,539
1,104,544
306,122
251,779
15,032
1,200,492
73,523
-18,463
1,108,506
305,659
254,074
14,657
1,205,365
73,619
-18,731
1,113,015
304,853
256,858
13,297
1,216,464
74,748
-19,164
1,122,553
304,625
261,104
13,434
4
5
6
7
8
9
10
62,869
67,031
65,779
66,544
67,308
68,494
69,670
224,205
238,450
234,073
236,747
239,418
243,561
247,671
11
301,307
32,574
39,442
138
39,303
298,304
34,307
41,547
18
41,529
297,355
33,358
40,707
52
40,654
299,297
34,047
41,325
-15
41,340
298,653
34,649
41,718
12
41,706
297,912
35,173
42,440
23
42,417
300,239
35,552
42,919
4
42,915
947,348
100,889
138,447
1,145
137,302
945,850
107,596
144,576
472
144,104
943,877
104,718
141,217
664
140,553
946,249
106,414
143,754
305
143,449
946,285
108,705
145,501
434
145,067
946,988
110,546
147,831
485
147,346
955,082
112,055
149,327
427
148,900
12
13
14
15
16
584
372,738
325,009
496
373,662
323,353
(D)
(D)
(D)
22,423
48,802
34,872
13,930
18,734
24,751
(D)
13,639
40,707
5,848
39,425
9,681
11,981
10,610
41,217
3,545
11,030
9,267
50,309
8,229
2,198
39,882
523
370,896
321,453
(D)
(D)
(D)
22,700
49,490
35,459
14,031
19,016
24,482
(D)
13,900
39,221
5,750
39,714
9,907
12,089
10,255
39,941
3,483
10,868
9,196
49,443
8,083
2,177
39,183
459
374,210
324,039
(D)
(D)
(D)
22,371
49,429
35,419
14,011
18,973
24,611
(D)
13,686
41,161
5,786
39,639
9,737
11,993
10,436
40,696
3,550
10,957
9,259
50,172
8,144
2,189
39,839
493
374,527
323,964
(D)
509
375,015
323,958
(D)
(D)
(D)
22,395
47,881
34,149
13,732
18,245
24,949
(D)
13,477
41,122
5,894
38,959
9,635
11,805
11,070
42,655
3,551
11,233
9,334
51,058
8,403
2,196
40,459
493
378,218
326,426
(D)
(D)
(D)
22,486
47,726
33,933
13,793
18,198
25,214
(D)
13,473
41,870
5,879
39,156
9,687
11,816
11,430
43,254
3,560
11,319
9,463
51,791
8,625
2,445
40,721
2,468
1,184,216
1,000,291
2,845
2,261
(D)
59,858
113,742
62,396
51,346
60,102
68,808
(D)
(D)
149,602
21,458
130,867
27,290
40,732
22,948
112,981
14,355
(D)
32,446
183,925
49,239
7,061
127,625
1,890
1,196,131
1,002,002
3,211
2,255
(D)
61,601
110,187
61,500
48,687
59,970
70,739
(D)
(D)
141,422
22,095
130,265
26,834
41,395
24,692
120,214
14,950
(D)
33,313
194,129
52,157
7,972
133,999
2,061
1,187,750
996,458
2,979
2,291
(D)
61,423
111,173
61,843
49,331
60,134
69,766
(D)
(D)
141,264
21,639
129,906
27,447
41,863
23,759
116,941
14,474
1,711
1,194,706
1,002,680
3,125
2,247
(D)
61,270
110,302
61,708
48,594
59,996
70,198
(°)
(D)
145,710
21,861
130,194
26,538
41,292
24,264
118,941
14,926
(D)
33,019
192,025
51,802
7,959
132,264
1,860
1,198,631
1,002,618
3,157
2,240
(D)
61,938
110,019
61,317
48,702
59,940
71,203
(D)
(D)
140,067
22,106
129,998
26,971
41,344
24,977
121,385
15,087
(D)
33,405
196,013
52,478
8,080
135,455
1,927
1,203,438
1,006,254
3,584
2,242
(D)
61,776
109,253
61,130
48,122
59,808
71,789
1,876
1,214,588
1,013,669
3,427
2,240
(D)
62,560
109,000
60,672
48,327
59,900
72,181
(D)
(D)
141,088
22,768
131,851
26,548
41,285
26,056
125,895
14,949
(D)
34,376
200,919
55,007
8,750
137,163
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
(D)
(D)
(D)
21,563
52,311
37,365
14,946
19,263
24,144
(D)
14,786
40,473
5,686
41,336
10,313
12,235
9,778
38,376
3,412
10,597
9,084
47,729
7,762
1,911
38,055
(D)
22,228
48,409
34,463
13,946
18,701
24,961
(D)
13,493
41,323
5,964
39,389
9,445
12,036
10,680
41,576
3,594
11,063
9,277
50,563
8,285
2,231
40,047
(D)
(D)
32,889
191,292
51,198
7,878
132,216
IS!
(D)
138,649
22,775
130,961
26,378
41,082
25,767
123,588
15,312
(D)
33,940
197,185
53,152
7,971
136,062
43
44
92
August 2003
State Personal Income
Table 4. Personal Income by Major Source
[Millions of dollars,
Great Lakes
Line
2001
4
5
6
7
8
9
10
11
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
1,362,854
1,359,433
3,421
2003
2002'
2002
2001
I'
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
3
Farm income (line 17).........................................
Plains
2002
Item
II'
III'
IV '
1,395,541 1,373,198 1,396,144 1,402,919 1,409,904 1,422,627
1,393,345 1,369,319 1,395,258 1,401,387 1,407,415 1,419,924
1,532
2,196
3,879
2,489
2,704
886
2003
2002'
I"
I'
I I'
III'
IV '
I"
566,738
561,043
5,695
582,958
577,185
5,772
576,036
568,847
7,189
580,552
576,004
4,548
585,711
580,238
5,474
589,532
583,653
5,878
597,455
589,356
8,099
969,643
57,344
4,461
916,760
262,615
183,479
6,072
983,682
59,152
5,820
930,350
264,737
200,454
10,686
969,011
58,256
5,782
916,537
261,753
194,908
8,778
983,301
59,236
5,772
929,836
265,924
200,383
12,031
989,065
59,529
5,829
935,365
265,800
201,754
11,182
993,351 1,001,559
59,586
60,419
5,897
5,964
939,662
947,104
265,472
265,420
204,769
210,103
12,671
10,753
403,792
25,291
-4,449
374,051
116,332
76,354
1,810
413,669
26,376
-5,446
381,847
117,631
83,480
3,237
410,210
26,122
-5,393
378,695
116,208
81,133
2,598
410,925
26,276
-5,411
379,238
118,174
83,140
3,561
415,528
26,518
-5,476
383,533
118,147
84,031
3,410
418,011
26,586
-5,503
385,922
117,994
85,616
3,377
423,966
26,978
-5,517
391,471
118,050
87,934
4,092
177,407
189,768
186,130
188,352
190,572
194,016
197,432
74,544
80,243
78,535
79,578
80,621
82,238
83,843
Earnings by place of work
Components of earnings:
Wage and salary disbursements.........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
787,144
91,515
90,984
1,169
89,815
790,603
97,541
95,538
-217
95,755
779,966
93,905
95,139
1,500
93,639
792,789
96,797
93,714
-1,508
95,222
794,739
98,860
95,466
-895
96,361
794,916
100,601
97,834
36
97,797
800,607
101,488
99,464
239
99,225
322,719
37,156
43,917
3,446
40,471
327,696
40,074
45,899
3,365
42,533
325,073
38,801
46,337
4,816
41,521
326,896
39,570
44,458
2,160
42,298
329,100
40,568
45,860
3,053
42,807
329,715
41,357
46,939
3,433
43,507
332,280
41,854
49,832
5,641
44,191
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities.............................................................
23
Construction.
24
Manufacturing
25
Durable goods
Nondurable goods
26
27
Wholesale trade..............................................
28
Retail trade......................................................
29
Transportation and warehousing....................
30
Information......................................................
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
Professional and technical services...............
33
34
Management of companies and enterprises...
35
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance...................
Arts, entertainment, and recreation................
38
39
Accomodation and food services...................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local................................................
3,421
966,222
829,497
1,038
3,873
10,004
60,563
192,657
138,089
54,568
54,710
64,562
33,183
27,392
60,476
13,686
83,516
23,615
36,040
10,145
90,182
10,098
26,221
27,536
136,725
19,746
4,139
112,839
2,196
981,485
837,318
1,096
3,878
10,035
61,396
189,308
135,977
53,331
54,357
65,229
33,277
26,702
61,804
14,202
82,409
24,703
36,816
10,827
96,060
10,600
27,014
27,604
144,168
20,465
4,587
119,115
3,879
965,132
823,046
1,076
3,824
10,105
61,445
184,969
132,214
52,755
53,761
64,699
32,575
26,590
60,519
13,695
81,273
23,442
36,424
10,466
93,311
10,706
26,687
27,480
142,087
20,156
4,658
117,272
886
982,415
839,117
1,077
3,904
10,137
60,936
191,188
137,681
53,507
54,543
65,148
33,228
26,898
61,772
14,528
82,809
25,272
36,852
10,730
95,184
10,460
26,856
27,594
143,298
20,314
4,682
118,302
1,532
987,533
842,813
1,112
3,868
9,983
61,710
191,023
137,271
53,752
54,804
65,530
33,658
26,646
61,993
14,228
82,735
25,251
36,955
10,892
97,043
10,599
27,151
27,633
144,720
20,467
4,598
119,655
2,489
990,862
844,297
1,120
3,916
9,915
61,493
190,053
136,741
53,312
54,321
65,538
33,648
26,676
62,931
14,358
82,820
24,847
37,033
11,220
98,702
10,636
27,360
27,711
146,565
20,922
4,411
121,232
2,704
998,856
851,177
1,155
3,884
9,985
62,293
190,405
136,445
53,960
54,249
65,986
34,008
26,854
64,064
14,446
83,809
25,020
37,466
11,512
100,436
10,678
27,203
27,725
147,679
21,456
4,919
121,304
5,695
398,097
334,378
912
1,897
4,442
26,389
59,926
38,040
21,886
23,691
28,471
15,859
16,585
27,059
5,205
26,490
12,938
12,373
4,715
39,375
4,189
11,741
12,123
63,719
10,758
4,103
48,858
5,772
407,896
340,577
975
1,858
4,706
27,091
59,019
37,755
21,264
24,023
29,139
16,090
16,386
27,938
5,380
26,520
12,749
12,551
4,962
42,261
4,461
12,153
12,315
67,319
11,341
4,662
51,316
7,189
403,021
336,837
959
1,854
4,876
26,777
58,693
37,534
21,159
23,902
28,801
15,773
16,708
27,365
5,274
26,425
12,914
12,491
4,770
40,800
4,286
12,012
12,158
66,184
11,152
4,574
50,458
4,548
406,377
339,375
955
1,822
4,585
26,945
59,344
37,972
21,372
23,966
29,093
16,078
16,350
27,642
5,314
26,346
12,647
12,514
4,945
41,878
4,530
12,121
12,300
67,002
11,245
4,666
51,091
5,474
410,054
342,462
991
1,865
4,709
27,221
59,268
37,937
21,331
24,391
29,446
16,224
16,185
27,909
5,410
26,540
12,890
12,577
5,010
42,760
4,531
12,184
12,351
67,593
11,385
4,732
51,475
5,878
412,133
343,634
995
1,891
4,653
27,422
58,771
37,576
21,195
23,835
29,215
16,288
16,301
28,834
5,520
26,770
12,547
12,622
5,122
43,607
4,496
12,296
12,450
68,499
11,582
4,677
52,240
8,099
415,867
346,409
1,025
1,916
4,736
27,855
59,044
37,644
21,400
23,771
29,364
16,288
16,356
29,345
5,575
26,810
12,674
12,579
5,116
44,491
4,574
12,337
12,552
69,458
11,873
5,102
52,483
12
13
14
15
16
See the footnotes at the end of the table.
August 2003
Survey
of
93
C u r r e n t B u s in e s s
and Earnings by Industry, 2001-2003:11—Continued
seasonally adjusted at annual rates]
Southeast
Southwest
2002
2001
2002
2003
2001
2002'
lr
I I'
III'
IV '
2003
Line
2002'
I"
I'
II'
III'
IV '
Ip
1,911,543
1,899,341
12,202
1,972,043
1,962,240
9,804
1,944,902
1,932,942
11,960
1,968,792
1,960,888
7,903
1,979,094
1,969,709
9,385
1,995,385
1,985,419
9,965
2,016,722
2,005,578
11,143
874,607
869,784
4,823
893,454
888,522
4,932
882,369
876,382
5,986
892,577
888,558
4,019
896,253
891,633
4,621
902,617
897,513
5,104
911,058
905,958
5,100
1
2
3
1,319,578
80,265
9,302
1,248,615
373,684
289,244
5,491
1,352,318
83,801
8,733
1,277,250
377,532
317,262
10,184
1,336,926
82,891
8,554
1,262,590
373,086
309,226
9,056
1,347,666
83,642
8,740
1,272,763
380,247
315,782
11,392
1,356,296
84,066
8,716
1,280,946
379,235
318,913
10,308
1,368,382
84,604
8,923
1,292,701
377,558
325,126
9,983
1,385,926
86,103
9,226
1,309,048
377,153
330,520
8,891
661,301
37,932
411
623,780
140,239
110,588
2,183
668,456
39,068
583
629,971
141,302
122,181
4,598
661,783
38,738
566
623,611
139,670
119,088
4,166
667,194
39,069
568
628,694
142,384
121,499
4,952
670,037
39,163
586
631,461
141,929
122,863
4,691
674,808
39,302
614
636,120
141,222
125,274
4,583
682,397
39,972
617
643,042
140,993
127,023
3,833
4
5
6
7
8
9
10
283,753
307,077
300,171
304,390
308,605
315,143
321,629
108,405
117,583
114,922
116,548
118,172
120,691
123,190
11
1,050,255
130,095
139,227
8,529
130,698
1,067,602
140,820
143,896
5,867
138,029
1,057,696
136,098
143,132
8,081
135,051
1,067,060
139,242
141,364
3,999
137,365
1,069,777
142,310
144,209
5,426
138,783
1,075,874
145,629
146,880
5,964
140,916
1,087,556
148,322
150,049
7,122
142,926
500,602
57,276
103,424
3,140
100,283
502,046
61,353
105,057
3,131
101,926
498,563
59,312
103,908
4,210
99,698
502,748
60,752
103,695
2,232
101,463
502,704
62,017
105,316
2,808
102,508
504,171
63,330
107,307
3,273
104,035
509,310
64,354
108,733
3,260
105,473
12
13
14
15
16
12,202
1,307,376
1,068,199
(D)
9,940
(D)
86,669
170,820
96,527
74,293
68,406
98,275
50,661
(D)
68,434
23,005
103,772
26,516
57,429
12,551
119,791
15,831
(D)
39,655
239,177
47,223
31,828
160,126
9,804
1,342,514
1,087,213
(D)
9,746
(D)
87,356
167,808
95,718
72,090
69,155
100,117
50,755
(D)
72,315
23,983
105,075
26,765
60,115
13,517
128,453
16,196
(D)
40,282
255,301
49,879
35,917
169,504
11,960
1,324,966
1,074,416
(D)
9,930
(D)
87,437
167,309
95,372
71,937
68,606
98,890
50,169
(D)
70,896
23,292
103,438
26,466
60,208
13,032
124,380
16,082
(D)
39,833
250,550
48,915
35,306
166,329
7,903
1,339,762
1,085,835
(D)
9,699
(D)
87,340
168,798
96,608
72,190
69,374
99,797
50,807
(D)
71,690
23,868
104,939
26,877
60,483
13,247
127,076
16,172
(D)
40,211
253,928
49,421
35,882
168,625
9,385
1,346,910
1,090,852
(D)
9,646
(0)
87,255
167,872
95,589
72,284
69,572
100,659
51,047
(D)
72,347
24,204
105,415
26,789
59,969
13,679
130,335
16,106
(D)
40,380
256,059
50,003
36,355
169,700
9,965
1,358,417
1,097,748
(D)
9,709
(D)
87,392
167,253
95,304
71,949
69,067
101,120
50,998
(D)
74,328
24,566
106,509
26,929
59,799
14,111
132,019
16,425
(D)
40,706
260,669
51,179
36,128
173,363
11,143
1,374,783
1,107,318
(D)
9,692
(D)
88,151
167,267
95,371
71,897
69,498
101,536
51,565
(D)
75,852
24,588
108,471
27,139
60,127
14,362
134,169
16,349
(D)
41,079
267,465
52,765
39,658
175,042
4,823
656,478
551,230
1,454
25,481
12,619
45,777
83,820
51,754
32,066
38,880
47,481
27,795
25,808
39,019
13,810
53,972
4,964
27,896
4,932
52,325
4,989
22,085
18,123
105,248
19,539
10,558
75,151
4,932
663,523
549,843
1,552
25,453
12,896
46,062
76,905
49,380
27,525
37,746
48,420
26,736
24,400
39,934
14,389
53,434
5,223
28,215
5,302
56,794
5,342
22,811
18,230
113,680
20,865
11,895
80,921
5,986
655,797
544,696
1,509
25,074
12,742
46,169
76,293
48,914
27,379
37,813
48,149
25,960
25,135
38,946
14,047
53,208
5,302
28,726
5,102
54,663
5,170
22,561
18,127
111,101
20,351
11,685
79,065
4,019
663,175
550,162
1,526
25,226
12,632
46,037
78,039
50,471
27,568
37,938
48,468
26,586
24,533
39,996
14,451
53,495
5,174
28,310
5,233
56,247
5,304
22,707
18,260
113,014
20,688
11,886
80,440
4,621
665,417
550,924
1,582
25,355
13,023
45,862
76,785
49,255
27,530
37,752
48,557
27,205
23,959
39,853
14,383
53,750
5,196
28,089
5,372
57,656
5,416
22,899
18,228
114,493
20,953
12,029
81,510
5,104
669,704
553,591
1,589
26,157
13,186
46,182
76,502
48,878
27,624
37,479
48,506
27,193
23,974
40,943
14,675
53,284
5,221
27,736
5,501
58,610
5,476
23,075
18,304
116,113
21,467
11,979
82,667
5,100
677,297
558,787
1,645
26,198
13,294
47,223
76,863
48,883
27,979
37,514
48,623
27,365
23,978
41,696
14,708
53,692
5,250
28,059
5,739
59,829
5,431
23,207
18,472
118,510
22,118
13,084
83,308
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
State Personal Income
94
A u gu st 2 0 0 3
Table 4. Personal Income by Major Source and Earnings by Industry, 2001-2003:11—Continued
[Millions of dollars, seasonally adjusted at annual rates]
Rocky Mountain
Line
Item
2002
2001
Income by place of residence
1 Personal income (lines 4-11)..................................
2
Nonfarm personal income...................................
Farm income (line 17).........................................
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Derivation of personal income
Earnings by place of work (lines 12-16 or 17-44)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3.............................
Equals: Net earnings by place of residence...........
Plus: Dividends, interest, and rent4.......................
Plus: Transfer payments..........................................
State unemployment insurance benefits........
Transfers excluding State unemployment
insurance benefits.......................................
Earnings by place of work
Components of earnings:
Wage and salary disbursements........................
Other labor income..............................................
Proprietors’ income5...........................................
Farm proprietors’ income................................
Nonfarm proprietors’ income...........................
Earnings by industry
17 Farm earnings.........................................................
18 Nonfarm earnings....................................................
19
Private earnings..................................................
20
Forestry, fishing, related activities, and other6
21
Mining..............................................................
22
Utilities..........
23
Construction..
24
Manufacturing
25
Durable goods
26
Nondurable goods.......................................
27
Wholesale trade
28
Retail trade....
29
Transportation and warehousing....................
30
Information......................................................
31
Finance and insurance....................................
32
Real estate and rental and leasing.................
33
Professional and technical services...............
34
Management of companies and enterprises...
3b
Administrative and waste services.................
36
Educational services.......................................
37
Health care and social assistance..................
38
Arts, entertainment, and recreation................
39
Accomodation and food services....................
40
Other services, except public administration...
41
Government and government enterprises..........
42
Federal, civilian...............................................
43
Military.............................................................
44
State and local........................................
Far West
2001
I'
II'
III'
IV '
2003
2002'
I"
I'
II'
III'
IV '
If
271,743
269,396
2,347
276,877
274,657
2,220
273,963
271,213
2,750
275,997
274,207
1,790
277,739
275,628
2,112
279,810
277,581
2,229
282,541 1,538,024 1,577,384 1,552,816 1,573,659 1,585,435 1,597,627 1,610,458
279,805 1,529,494 1,567,333 1,541,927 1,564,561 1,575,395 1,587,447 1,599,026
2,736
8,531
10,052
10,889
9,099
10,040
11,432
10,180
203,388
11,465
530
192,452
50,853
28,438
748
205,152
11,750
526
193,928
51,559
31,390
1,579
203,732
11,675
512
192,568
50,875
30,520
1,350
204,003
11,708
526
192,822
51,886
31,289
1,728
205,546
11,775
531
194,303
51,815
31,622
1,670
207,327
11,841
535
196,021
51,660
32,128
1,569
209,533 1,124,270 1,138,085 1,123,859 1,133,456 1,141,537 1,153,489 1,167,476
12,004
65,851
67,521
66,802
67,311
67,708
69,402
68,263
541
-1,403
-1,428
-1,407
-1,414
-1,432
-1,467
-1,459
198,071 1,057,017 1,069,136 1,055,650 1,064,731 1,072,397 1,083,767 1,096,608
294,326
294,087
301,072
51,658
297,885
299,472
296,907
296,387
32,812
210,363
203,079
207,856
186,681
213,566
216,952
217,463
6,004
1,650
13,997
13,160
12,052
11,005
16,250
15,572
27,690
29,811
29,170
29,561
29,953
30,560
31,162
180,677
196,367
192,074
194,697
197,316
201,380
205,411
156,786
19,027
27,575
1,254
26,321
156,269
20,311
28,571
1,048
27,523
155,596
19,679
28,457
1,595
26,862
155,941
20,029
28,033
627
27,406
156,393
20,531
28,622
933
27,689
157,148
21,006
29,173
1,037
28,136
158,243
21,261
30,030
1,539
28,491
881,190
97,003
146,077
1,450
144,627
879,983
103,389
154,713
2,462
152,251
871,950
99,820
152,090
3,410
148,680
878,378
102,035
153,043
1,571
151,471
881,455
104,581
155,500
2,406
153,095
888,150
107,119
158,220
2,463
155,757
896,892
108,802
161,782
3,678
158,105
2,347
201,040
166,563
633
4,120
(D)
17,046
19,539
13,825
5,714
10,009
14,399
(D)
(D)
11,733
4,064
18,889
3,371
7,837
1,713
15,064
2,841
7,243
(D)
34,477
7,724
3,062
23,691
2,220
202,932
165,837
684
4,007
(D)
16,777
18,657
13,247
5,410
9,782
14,684
(D)
(D)
11,925
4,209
18,284
3,212
7,869
1,791
16,320
3,011
7,523
(D)
37,095
8,155
3,496
2,750
200,982
164,666
665
4,079
(D)
16,606
18,646
13,231
5,414
9,720
14,545
(D)
(D)
11,636
4,092
18,383
3,098
7,909
1,805
15,744
3,083
7,468
(D)
36,315
7,954
3,423
24,938
1,790
202,213
165,485
669
4,007
(D)
16,819
18,842
13,437
5,405
9,828
14,674
(D)
(D)
11,687
4,195
18,265
3,181
7,919
1,704
16,160
2,985
7,497
(D)
36,728
7,988
3,509
2,112
203,435
166,054
697
3,982
(D)
16,810
18,729
13,290
5,439
9,887
14,748
(D)
2,229
205,098
167,141
705
3,959
(D)
16,871
18,410
13,029
5,381
9,693
14,770
(D)
(D)
12,417
4,322
18,299
3,411
7,788
1,836
16,875
3,008
25,232
25,632
2,736
8,531
10,052
10,889
9,099
10,040
11,432
10,180
206,797 1,115,740 1,128,034 1,112,971 1,124,357 1,131,497 1,143,309 1,156,045
931,691
168,163
932,099
921,878
929,833
932,982
942,072
950,482
723
(D)
(D)
(D)
(D)
(D)
(D)
(D)
4,069
(D)
(D)
(D)
(D)
(D)
(D)
(D)
9,341
9,529
9,794
9,786
9,924
10,058
9,896
(D)
16,901
75,917
75,676
75,854
74,288
75,081
77,057
78,801
18,215
137,267
128,099
130,419
128,493
126,587
127,085
126,399
93,584
12,813
101,358
93,968
95,806
92,500
92,062
91,921
5,402
35,910
34,515
34,613
34,525
34,667
34,586
34,337
52,897
9,626
52,751
52,845
52,578
53,130
53,033
53,221
14,789
76,667
78,384
77,319
78,271
78,918
79,027
79,386
32,574
32,506
31,929
32,496
32,946
32,926
33,066
(D)
64,313
69,008
63,700
64,560
64,431
64,561
63,913
(D)
12,866
67,322
69,216
68,754
67,172
69,710
71,229
72,739
4,314
23,604
23,607
22,701
22,710
23,797
24,302
24,306
18,487
114,054
118,390
114,187
114,125
113,268
114,638
116,493
3,385
27,241
25,226
25,112
25,275
24,987
25,529
25,411
7,803
45,570
46,406
46,327
46,406
46,133
47,119
46,759
1,867
10,566
11,478
11,069
11,378
11,551
12,197
11,913
17,072
90,687
83,239
87,508
89,692
91,651
95,183
93,896
3,040
16,899
17,732
17,741
18,237
17,309
17,592
18,286
7,665
47,526
45,785
46,540
47,423
47,854
48,892
48,286
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
38,634
194,524
183,640
196,342
198,515
201,237
191,093
205,563
8,614
28,142
29,857
30,107
31,817
29,005
29,389
30,927
3,842
16,922
19,320
18,825
19,243
19,573
21,657
19,639
26,178
138,576
147,165
143,263
145,893
148,835
150,670
152,089
25,444
(D)
11,958
4,227
18,188
3,158
7,859
1,820
16,499
2,969
7,550
(D)
37,381
8,197
3,552
p Preliminary.
Revised.
D Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the total.
1. The estimates of earnings for 2 0 0 1 -2 0 0 3 are based on the 2002 North American Industry Classification System
(NAICS).
2. Personal contributions for social insurance are included in earnings by type and industry, but they are excluded from
personal income.
3. The adjustment for residence is the net inflow of the earnings of interarea commuters. For the United States, it consists
of adjustments for border workers: W age and salary disbursements to U.S. residents commuting to Canada less wage and
'
2002
2003
2002'
7,577
(D)
37,957
8,482
3,502
25,973
salary disbursements to Canadian and Mexican residents commuting into the United States.
4. Rental income of persons includes the capital consumption adjustment.
5. Proprietors’ income includes the inventory valuation adjustment and the capital consumption adjustment.
6. “Other" consists of the wage and salary disbursements of U.S. residents employed by international organizations and
foreign embassies and consulates in the United States.
N ote. The personal income level shown for the United States is derived as the sum of the state estimates. It differs from the
estimate of personal income in the national income and product accounts (NIRAs) because of differences in coverage, in the
methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from
the NIRA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and
of U.S. residents employed abroad temporarily by private U.S. firms.
D-1
August 2003
BEA Current and Historical Data
National, International, and Regional Data
This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis (BEA) and
a brief selection of collateral statistics prepared by other Government agencies and private organizations. Series that origi
nate in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided
through the courtesy of the compilers and are subject to their copyrights.
BEA’s economic statistics are available on BEA’s Web site at <www.bea.gov>. The site contains data, articles, news re
leases, and other information from BEA’s national, industry, international, and regional programs.
The tables present annual [A], quarterly [Q], and monthly [M] data
N a tio n a l D a ta
A. Selected NIPA tables [A, Q]
S. Summary tables....................................................D-2
1. National product and income..............................D-3
2. Personal income and outlays................................D-7
3. Government current receipts and expenditures....D-8
4. Foreign transactions........................................... D-12
5. Saving and investment....................................... D-14
6. Income and employment by industry................ D-17
7. Quantity and price indexes.................................D-18
8. Supplemental tables........................................... D-2 5
B. Other NIPA and NIPA-related tables
B.l Personal income [A, M ]...................................D-30
B.2 Disposition of personal income [A, M ]............D-30
B.3 Gross domestic product by industry [A]..........D-31
B.4 Personal consumption expenditures by
type [A]...........................................................D-32
B.5 Private fixed investment in structures by
type [A]...........................................................D-3 3
B.6 Private fixed investment in equipment and
software by type [A]....................................... D-33
B.7 Compensation and wage and salary accruals by
industry [A].................................................... D-34
B.8 Employment by industry [A]........................... D-35
B.9 Wage and salary accruals by employee and by
industry [A].................................................... D-36
B.10 Farm sector output, gross product, and
national income [A]....................................... D-3 7
B. 11 Housing sector output, gross product, and
national income [A]....................................... D-37
B.l 2 Net stock of private fixed assets by
type [A]...........................................................D-38
C. Historical measures
C.l GDP and other major NIPA aggregates...........D-39
D. Domestic perspectives [A, Q, M ]............................D-42
E. Charts
Selected NIPA series................................................ D-44
Other indicators of the domestic economy.............D-50
In te rn a tio n a l D ata
F. Transactions tables
F.l U.S. international transactions in goods
and services [A, M ]........................................ D-52
F.2 U.S. international transactions [A, Q ] ............. D-53
F.3 U.S. international transactions by area [Q ]......D-54
F.4 Private services transactions [A]....................... D-57
G. Investment tables [A]
G.l U.S. international investment position........... D-58
G.2 USDIA: Selected items ....................................D-59
G.3 Selected financial and operating data of foreign
affiliates of U.S. companies.............................D-60
G.4 FDIUS: Selected items......................................D-61
G.5 Selected financial and operating data of U.S.
affiliates of foreign companies........................ D-62
H. International perspectives [A, Q, M] .................... D-63
I. Charts
The United States in the international economy.....D-64
R egional D a ta
J. State and regional tables
J.l Personal income [Q].......................................... D-65
J.2 Personal income and per capita
personal income [A]...................................... D-66
J.3 Disposable personal income and per capita
disposable personal income [A]..................... D-67
J.4 Gross state product [A]................ .....................D-68
K. Local area table
K.l Personal income and per capita personal income
by metropolitan area [A]................................D-69
L. Charts
Selected regional estimates......................................D-71
A ppendixes
A: Additional information about the NIPA estimates
Statistical conventions............................................. D-73
Reconciliation tables [A, Q ]................................... D-74
B: Suggested reading....................................................D-75
D -2
August 2003
National Data
A . S e le c te d N IPA T ab le s
The tables in this section include the most recent estimates of gross domestic product and its components; these
estimates were released on July 31, 2003, and include the “advance” estimates for the second quarter of 2003.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly.
In most of these tables, annual estimates are also shown.
The news release on gross domestic product is available within minutes of the time of release, and the “Selected
NIPA Tables” are available later that day, on BEA’s Web site <www.bea.gov>.
The “Selected NIPA Tables” are also available on printouts or diskettes from BEA. To order, call the BEA Order
Desk at 1-800-704-0415 (outside the United States, 202-606-9666).
S. Summary Tables______________________________
Table S.1. Summary of Percent Change From Preceding Period in Real
Gross Domestic Product and Related Measures
Table S.2. Summary of Contributions to Percent Change in Real Gross
Domestic Product
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2002
2001
2002
II
Gross domestic product..
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.............................
Im p orts..................................
Goods................................
Services.............................
Government consumption
expenditures and gross
investment............................
Federal...................................
National defense...............
Nondefense......................
State and local......................
Addenda:
Final sales of domestic
product..............................
Gross domestic purchases..
Final sales to domestic
purchasers.........................
Gross national product........
Disposable personal income
III
2001
IV
I
2002
II
II
.3
2.4
1.3
4.0
1.4
1.4
2.4
2.5
6.0
2.0
2.0
3.1
7.3
3.2
2.2
1.8
2.0
-.1
2.7
4.2
22.8
1.0
2.3
1.7
-8 .2
5.1
2.2
2.0
-2 .0
6.1
.9
3.3
22.6
.1
1.5
-1 0 .7
-3 .8
-5.2
-1.7
-6 .4
.3
1.0
-3.1
-5 .7
-16.4
-1 .7
3.9
7.9
-1 .0
-2 .4
-17.6
3.3
2.7
3.6
-.3
-.8
-21.4
6.7
1.1
6.3
4.4
2.3
-9 .9
6.2
9.4
-5 .3
-.1
-4 .4
-2 .9
-4 .8
10.1
1.3
6.6
6.9
4.8
7.5
6.0
-5.4
-5 .9
-4 .0
-2 .9
-3 .3
-.5
-1 .6
-3 .6
3.2
3.7
3.9
2.1
14.3
15.9
10.7
22.2
27.9
-2.1
4.6
4.1
5.9
3.3
3.4
3.1
-5 .8
-11.5
8.0
7.4
6.2
13.0
-1.3
1.9
-8 .0
-6.2
-6 .7
-4 .0
-3.1
-2 .6
-4 .2
9.2
15.7
-17.6
3.7
4.8
5.0
4.5
3.1
4.4
7.5
9.3
4.3
2.8
1.4
7.5
7.8
6.9
-1 .7
2.9
4.3
6.9
-.3
2.2
4.6
11.0
11.0
11.1
1.2
.4
.7
-3 .3
8.4
.2
7.5
25.1
44.1
-4.1
-1 .5
1.5
.4
1.8
3.0
-.1
2.6
3.4
3.9
1.1
2.9
2.3
.6
3.2
3.8
1.6
.2
1.8
2.4
2.1
4.2
1.3
.4
3.9
3.3
4.4
1.8
2.6
1.4
1.4
1.4
1.4
2.1
4.6
2.4
N o te . Percent changes from preceding period in the current-dollar and price measures for these series are
shown in table 8.1.
2002
2003
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..................
III
2003
IV
I
II
.3
2.4
1.3
4.0
1.4
1.4
2.4
1.67
.48
.39
.80
2.15
.59
.64
.92
1.22
.16
-.02
1.08
2.93
1.74
.22
.97
1.19
-.7 2
1.01
.90
1.40
-.17
1.21
.36
2.34
1.68
.02
.64
-1 .9 0
-.65
-.6 6
-.0 5
.15
-.5 0
-.6 8
-.52
1.16
-.1 5
-.27
-.5 3
.55
-.03
-.08
-.62
.93
.65
.24
-.25
-.8 3
-.02
-.47
-.07
.20
.97
.69
.11
-.61
.01
-.15
.18
.26
.12
.53
.05
.49
.41
-.40
.45
.58
.28
-1.24
.65
1.31
.58
.28
-.82
-.7 7
-.1 8
-.59
-.4 7
-.13
.42
.40
.01
-.6 7
-.17
-.26
.09
-.5 0
-.43
-.07
-1 .4 0
1.29
.99
.30
-2.69
-2.74
.05
-.01
.45
.28
.17
-.47
-.4 0
-.07
-1 .5 9
-.5 9
-.8 2
.23
-1 .0 0
-.71
-.3 0
.78
-.13
.13
-.25
.91
.81
.10
-1 .5 6
-.3 0
-.17
-.13
-1.26
-1.73
.47
.65
.29
.19
.10
.36
.81
.47
.37
.10
.34
.27
.47
.32
.16
-.21
.56
.29
.29
-.01
.27
.85
.70
.46
.25
.15
.08
.05
-.15
.20
.03
1.40
1.58
1.69
-.1 0
-.18
N o te . 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.
August 2003
S urvey
of
C
urrent
B
D -3
u s in e s s
1. National Product and Income
Table 1.1. Gross Domestic Product
Table 1.2. Real Gross Domestic Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
2002
II
Gross domestic
product.............
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.................
Im p orts.....................
Goods....................
Services.................
Government
consumption
expenditures and
gross investment....
Federal........................
National defense...
Nondefense..........
State and local
III
2003
IV
I
2001
II
10,082.2 10,446.2 10,376.9 10,506.2 10,588.8 10,688.4 10,777.3
6,987.0
835.9
2,041.3
4,109.9
7,303.7
871.9
2,115.0
4,316.8
7,254.7
856.9
2,108.2
4,289.5
7,360.7
897.8
2,116.9
4,346.0
7,425.4
873.9
2,150.0
4,401.5
7,512.5
861.2
2,206.8
4,444.6
7,591.2
897.5
2,196.4
4,497.3
1,586.0
1,646.3
1,201.6
324.5
1,593.2
1,589.3
1,117.4
269.3
1,588.0
1,584.6
1,115.8
275.2
1,597.3
1,579.7
1,109.8
259.4
1,628.1
1,603.6
1,117.1
254.2
1,611.2
1,610.7
1,103.4
254.9
1,611.5
1,630.7
1,117.3
257.0
877.1
444.8
848.1
471.9
840.7
468.7
850.4
469.9
863.0
486.5
848.6
507.3
860.3
513.3
-60.3
3.9
3.4
17.6
24.5
.4
-19.2
-3 48.9
1,034.1
733.5
300.6
1,383.0
1,167.2
215.8
-423.6
1,014.9
703.6
311.3
1,438.5
1,192.1
246.4
-425.6
1,018.1
709.4
308.8
1,443.7
1,202.9
240.8
-4 32.9
1,038.6
722.6
316.0
1,471.5
1,220.9
250.6
-4 76.0
1,025.4
702.6
322.8
1,501.4
1,242.5
258.9
-4 87.2
1,031.8
711.9
319.9
1,519.0
1,256.1
262.9
-5 11.0
1,026.7
710.0
316.6
1,537.6
1,279.9
257.8
1,858.0
628.1
399.9
228.2
1,229.9
1,972.9
693.7
447.4
246.3
1,279.2
1,959.8
688.2
442.1
246.1
1,271.6
1,981.1
697.7
451.2
246.5
1,283.3
2,011.3
716.9
464.7
252.2
1,294.4
2,052.0
735.2
471.1
264.1
1,316.8
2,085.6
778.7
516.7
261.9
1,306.9
N o te . Percent changes fro m preceding period fo r selected item s in this table are show n in table 8 .1.
2002
2002
II
Gross domestic product.. 9,214.5 9,439.9 9,392.4
Personal consumption
expenditures......................... 6,377.2 6,576.0 6,542.4
980.7
Durable goods......................
931.9
999.9
Nondurable goods................
1.869.8 1.929.5 1,920.9
3.594.9 3.675.6 3,666.2
Services................................
Gross private domestic
1,574.6 1,589.6 1,583.9
investment............................
1,627.4 1.577.3 1,572.6
Fixed investment..................
Nonresidential..................
1,255.1 1.183.4 1,181.1
231.7
Structures.....................
270.9
226.4
961.4
Equipment and software
988.2
971.1
Residential.........................
373.5
388.2
386.1
-61.4
4.9
Change in private inventories
5.2
Net exports of goods and
services................................
-4 15.9 -4 88.5 -4 87.4
Exports...................................
1,076.1 1,058.8 1,065.5
765.8
Goods................................
785.2
756.9
299.7
Services.............................
292.0
301.5
1,492.0 1,547.4 1,552.9
Im p orts..................................
Goods................................
1,270.5 1,320.1 1,329.2
222.4
224.3
Services.............................
227.2
Government consumption
expenditures and gross
investment............................ 1.640.4 1,712.8 1,703.3
608.7
Federal...................................
570.6
613.3
395.8
National defense...............
366.0
400.0
212.9
Nondefense......................
204.4
213.3
1.069.4 1,099.7 1,094.7
State and local......................
22.6
19.9
25.1
Residual.....................................
III
2003
IV
9,485.6 9,518.2
I
II
9,552.0 9,608.1
6,609.9 6,637.9 6.670.9 6.726.0
1,032.4 1,010.6 1,005.4 1,057.9
1,925.8 1.950.0 1.978.9 1,979.2
3,687.0 3.707.0 3.714.9 3.729.0
1,598.0 1.622.4 1,600.4 1,605.5
1.571.6 1.588.5 1,587.9 1,613.4
1.178.7 1,185.3 1,172.1 1,191.7
218.2
213.5
212.6
211.0
979.9
997.6
977.2
992.1
411.5
387.1
395.9
405.5
18.8
25.8
-17.9
4.8
-488.0
1.077.7
773.5
304.0
1.565.7
1,340.3
226.0
-532.2
1,061.6
750.3
310.0
1.593.8
1.360.8
233.0
-510.3
1,058.1
753.9
303.5
1.568.4
1.337.4
230.7
-5 53.6
1,049.7
748.9
300.3
1,603.3
1,387.1
219.8
1.715.6 1.735.0 1,736.7 1.768.4
668.9
615.1
631.4
632.5
448.9
402.5
413.2
409.7
220.4
212.7
218.3
222.8
1.100.6 1.104.0 1,104.6 1.100.5
22.2
25.2
25.2
12.1
N o te . Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of tne corresponding series, divided by 100. Because the formula for the chain-type quantify
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
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.
D -4
August 2003
National Data
Table 1.3. Gross Domestic Product by Major Type of Product
Table 1.4. Real Gross Domestic Product by Major Type of Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
Gross domestic
product..............
Final sales of
domestic produ ct.
Change in private
inventories............
Goods............................
Final sales..............
Change in private
inventories........
Durable goods..........
Final sales..............
Change in private
inventories 1.....
Nondurable goods....
Final sales..............
Change in private
inventories1.....
Services........................
Structures.....................
Addenda:
Motor vehicle output
Gross domestic
product less motor
vehicle output
2003
2002
II
III
2001
I
IV
2002
10,082.2 10,446.2 10,376.9 10,506.2 10,588.8 10,688.4 10,777.3
10,142.5
10,442.4
10,373.5
10,488.7
10,564.3
10,688.0
10,796.5
-60.3
3,593.7
3,654.0
3.9
3,694.1
3,690.2
3.4
3,659.1
3,655.7
17.6
3,732.7
3,715.2
24.5
3,720.4
3,695.9
.4
3,735.5
3,735.0
-19.2
3,729.9
3,749.1
-60.3
1,611.4
1,676.4
3.9
1,644.8
1,643.7
3.4
1,612.0
1,616.8
17.6
1,683.1
1,678.3
24.5
1,662.7
1,638.2
.4
1,639.4
1,627.8
-19.2
1,651.5
1,665.1
-65.0
1,982.3
1,977.6
1.1
2,049.3
2,046.5
-4.8
2,047.1
2,038.9
4.8
2,049.6
2,036.9
24.5
2,057.7
2,057.8
11.6
2,096.0
2,107.3
-13.6
2,078.3
2,083.9
4.7
5,535.1
953.3
2.8
5,814.7
937.5
8.2
5,781.5
936.3
12.7
5,849.7
923.8
-.1
5,930.9
937.5
-11.2
5,993.0
960.0
-5 .6
6,083.2
964.2
312.0
344.2
334.7
360.7
349.7
347.4
343.3
9,770.2
10,102.0
10,042.1
10,145.5
10,239.1
10,341.1
10,434.0
1.
E stim ates to r durable goods and nondurable goods fo r 1 9 9 7 and earlier periods are based on the 1 9 8 7 S tan
dard Industrial C lassification (S IC ); later estim ates fo r these industries are based on the North A m erican Industry
C lassification System (N A IC S ).
N o te . Percent changes fro m preceding period fo r gross dom estic p roduct and fo r final sales of dom estic
product are show n in table 8.1 .
2002
II
II
Gross domestic product..
Final sales of domestic
product..............................
Change in private inventories
Residual................................
Goods........................................
Final sales..........................
Change in private
inventories....................
Durable goods......................
Final sales..........................
Change in private
inventories 1..................
Nondurable goods................
Final sales..........................
Change in private
inventories 1..................
Services....................................
Structures..................................
Residual.....................................
Addenda:
Motor vehicle output...........
Gross domestic product less
motor vehicle output
9,214.5
9,439.9 9,392.4
III
2003
IV
9,485.6 9,518.2
I
II
9,552.0 9,608.1
9,258.4
-61.4
9,424.4 9,377.9 9,457.2 9,483.1 9,536.2 9,610.6
18.8
-17.9
5.2
4.9
25.8
4.8
9.6
15.4
17.5
10.3
9.6
9.3
11.0
3,589.9 3,710.1 3,674.4 3,754.8 3,740.1 3,760.9 3,762.0
3,643.3 3,697.6 3,663.0 3,728.1 3,705.9 3,748.3 3,770.2
-61.4
1,754.9
1,823.9
5.2
1,822.8
1,819.3
4.9
1,784.6
1,787.6
18.8
1,872.5
1,864.6
25.8
1,852.8
1,823.2
4.8
1,839.7
1,824.3
-17.9
1,866.1
1,879.0
-67.9
1,834.2
1,825.6
1.4
1,888.2
1,879.9
-4 .4
1,887.2
1,874.5
5.0
1,888.0
1,870.2
25.1
1,890.8
1,884.2
12.2
1,920.5
1,921.9
-13.9
1,900.1
1,897.4
4.8
3.8
13.6
1.4
-6 .7
-4.4
9.0
4,826.4 4,959.9 4,945.5 4,976.4 5,014.6 5,021.8 5,068.4
797.1
774.9
764.0
768.8
775.7
775.0
780.5
4.6
.6
-8 .2
.9
2.8
1.1
5.3
315.9
356.5
347.2
375.7
362.4
360.8
360.2
8,896.6
9,085.0
9,045.9
9,113.8
9,157.8
9,192.8
9,249.1
1. Estim ates fo r durable goods and nondurable goods fo r 1 9 9 7 and earlier periods are based on the 1 9 8 7 S tan
dard Industrial C lassification (S IC ); later estim ates fo r these industries are based on the North A m erican Industry
Classification System (N A IC S ).
N o te . Chained (1 9 9 6 ) dollar series are calculated as the p roduct of the chain-type quantity index and the 1 99 6
curre n t-d o llar value of the corresponding series, divided by 100 . Because the fo rm u la fo r the chain-typ e quantity
indexes uses w eights o f m ore than one period, the c orresponding chained-dollar estim ates are usually not addi
tive. The residual line follow ing change in private inventories is the difference betw een gross dom estic product
and the sum of final sales of dom estic product and of change in private inventories; the residual line follow ing
structures is the difference betw een gross dom estic p roduct and the sum of the detailed lines of goods, of
services, and of structures.
Percent changes fro m preceding period fo r gross dom estic product and fo r final sales of dom estic product are
show n in table 8 .1 .
Chain-type quantity indexes fo r the series in this table are show n in table 7 .1 7 .
Table 1.5. Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6. Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of dollars]
[Billions of chained (1996) dollars]
Gross domestic product 10,082.2 10,446.2 10,376.9 10,506.2 10,588.8 10,688.4 10,777.3
Less: Exports of goods
1,025.4
and services.............
1,034.1
1,014.9
1,018.1
1,038.6
1,031.8
1,026.7
Plus: Imports of goods
1,438.5
1,443.7
1,501.4
and services.............
1,383.0
1,471.5
1,519.0
1,537.6
Equals: Gross domestic
purchases................. 10,431.0 10,869.9 10,802.4 10,939.1 11,064.8 11,175.6 11,288.2
Less: Change in private
inventories.................
3.9
3.4
-60.3
17.6
24.5
.4
-19.2
Equals: Final sales to
domestic purchasers 10,491.4 10,866.0 10,799.0 10,921.5 11,040.3 11,175.2 11,307.4
N ote . Percent changes fro m preceding period fo r selected item s in this table are show n in table 8.1.
Gross domestic product.........
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services..................................
Equals: Gross domestic
purchases.............................
Less: Change in private
inventories............................
Equals: Final sales to
domestic purchasers
9,214.5 9,439.9 9,392.4 9,485.6
9,518.2
9,552.0
9,608.1
1,076.1
1,058.8
1,065.5
1,077.7
1,061.6
1,058.1
1,049.7
1,492.0
1,547.4
1,552.9
1,565.7
1,593.8
1,568.4
1,603.3
9,600.7 9,889.8 9,840.8 9,934.7 10,005.5 10,020.7 10,114.6
-61.4
5.2
4.9
18.8
9,644.9 9,874.1 9,826.0 9,906.1
25.8
N o te . Chained (1 9 9 6 ) dollar series are calculated as the product of the chain-typ e quantity index and the 1996
curren t-d o llar value of the corresponding series, divided by 1 00 . Because the form ula fo r the chain-type quantity
indexes uses w eights of m ore than one period, the corresponding chained-dollar estim ates are usually not addi
tive.
Percent changes from preceding period fo r selected series in this table are show n in table 8.1.
C hain-type quantity indexes fo r selected series in this table are show n in table 7 .2 .
Table 1.8. Real Gross Domestic Product by Sector
[Billions of dollars]
[Billions of chained (1996) dollars]
10,082.2 10,446.2 10,376.9 10,506.2 10,588.8 10,688.4 10,777.3
8,482.7 8,759.1 8,700.1 8,808.6 8,871.4 8,938.0 9,015.4
8,402.1
8,680.2
8,631.5
8,790.3
8,852.2
8,731.3
8,929.2
7,571.1
831.1
80.6
7,814.4
865.8
78.9
7,757.5
874.1
68.6
7,862.0
869.2
77.4
7,925.2
865.1
81.1
7,980.7
871.5
85.8
8,066.9
862.3
86.2
459.6
11.9
447.7
1,139.8
332.8
807.0
486.1
10.8
475.3
1,201.1
355.6
845.5
481.4
10.7
470.8
1,195.3
354.1
841.3
490.5
10.8
479.7
1,207.1
357.7
849.3
499.9
11.0
488.9
1,217.4
360.5
857.0
508.7
11.2
497.5
1,241.7
378.6
863.1
510.7
11.4
499.3
1,251.1
384.0
867.2
1. Equals gross dom estic product less gross product of households and institutions and o f general govern
m ent.
2. Equals gross dom estic business pro d u c t less gross fa rm product.
3. Equals com pensation of general g o v ern m e n t em ployees plus general g overnm ent consu m p tion of fixed
capital as show n in table 3 .7 .
-17.9
9,970.1 10,004.7 10,116.9
Table 1.7. Gross Domestic Product by Sector
Gross domestic
product.............
Business 1.....................
N onfarm 2.................
Nonfarm less
housing..............
Housing.................
Farm...........................
Households and
institutions................
Private households...
Nonprofit institutions
General government3.
Federal.......................
State and local..........
4.8
Gross domestic product..
Business1.................................
Nonfarm 1..............................
Nonfarm less housing....
Housing.............................
Farm.......................................
Households and institutions ..
Private households...............
Nonprofit institutions..........
General government3.............
Federal...................................
State and local......................
Residual.....................................
9,214.5 9,439.9 9,392.4 9,485.6 9,518.2 9,552.0 9,608.1
7,838.3 8,032.8 7,989.2 8,075.1 8,099.8 8,127.2 8,179.5
7,724.7 7,917.7 7,876.8 7,961.0 7,983.9 8,010.7 8,064.6
7,012.9 7,208.9 7,157.0 7,252.6 7,285.5 7,311.9 7,376.8
712.6
711.7
703.2
721.0
711.7
703.8
694.8
114.3
114.7
115.5
116.2
110.8
112.9
113.4
398.7
407.7
406.4
409.0
411.8
414.0
415.5
10.1
8.8
8.8
8.9
9.0
9.1
9.2
388.7
398.9
397.7
400.3
402.9
405.0
406.4
978.5 1,000.9
998.1 1,003.2 1,008.1 1,012.2 1,015.0
291.3
297.5
296.0
298.5
301.3
304.7
308.4
687.0
703.1
701.7
704.4
706.5
707.1
706.3
-2 .4
-3 .7
-5 .7
-.6
-3 .7
-5 .8
-7 .2
1. Equals gross dom estic product less gross product of households and institutions and of general g overn
m ent.
2. Equals gross dom estic business product less gross fa rm product.
3 . Equals com pensation of general govern m e n t e m plo yees plus general govern m e n t c onsu m p tion of fixed
capital as show n in table 3 .8.
N o te . Chained (1 9 9 6 ) dollar series are calculated as the product of the chain-typ e quantity index and the 1 9 9 6
curre n t-d o llar value of the corresponding series, divided by 1 0 0 . Because the fo rm u la fo r the chain-typ e quantity
indexes uses w eights of m ore than one period, the c orresponding chained-dollar estim ates are usually not addi
tive. The residual line is the difference betw een the first line and the sum of the m ost detailed lines.
C hain-type quantity indexes fo r the series in this table are s how n in table 7 .1 4 .
August 2003
S urvey
of
C
urrent
B
D -5
u s in e s s
Table 1.9. Relation of Gross Domestic Product, Gross National Product,
Net National Product, National Income, and Personal Income
Table 1.10. Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
S e a s o n a lly a d ju s te d a t a n n u a l rates
2001
2002
2002
2001
2003
2002
2002
II
Gross domestic product 10,082.2 10,446.2 10,376.9 10.506.2 10,588.8 10,688.4 10,777.3
Plus: Income receipts
from the rest of the
276.0
287.3
278.0
w orld..........................
284.2
281.3
316.9
Less: Income payments
to the rest of the
296.1
298.2
293.4
291.5
w orld ..........................
295.0
287.6
Equals: Gross national
product......................
10,104.1 10,436.7 10,356.8 10.495.3 10,579.7 10,678.2
Less: Consumption of
fixed capital...............
1,415.4
1.421.4
1,416.9
1,405.3
1,393.5
1,389.8
1.329.3
1,179.6
1,182.7
1,161.2
1.174.8
Private.......................
1,185.9
1,163.9
1,106.8
Capital
consumption
1,419.2
1.317.9
1.315.9
1.323.5
1.322.0
1.168.4
1.320.0
allowances........
Less: Capital
consumption
239.6
143.1
133.3
137.6
156.1
160.8
61.6
adjustment........
237.4
Government..............
235.5
228.6
230.5
232.7
229.6
222.4
General
194.1
195.7
200.0
201.6
197.6
195.0
government.......
187.7
Government
35.8
34.8
34.4
35.5
35.1
34.6
34.8
enterprises........
Equals: Net national
product......................
8,774.8 9,043.2 8.967.0 9,090.0 9,164.3 9,256.8
Less: Indirect business
830.7
813.3
821.7
806.9
795.1
800.4
774.8
tax and nontax liability
Business transfer
44.8
44.4
44.9
44.3
44.1
43.9
42.5
payments...............
-91.4
-82.1
-78.2
-108.8
-165.0
-117.3
Statistical discrepancy
Plus: Subsidies less
current surplus of
government
30.7
46.5
29.1
29.0
35.1
32.5
47.3
enterprises................
Equals: National
8 , 122.0 8.340.1 8.328.0 8.349.9 8.413.9 8,512.3
incom e......................
Less: Corporate profits
with inventory
valuation and capital
consumption
816.5
771.0
785.0
787.4
796.1
731.6
adjustm ents..............
700.0
698.3
703.3
687.6
678.1
684.2
Net interest................
649.8
Contributions for
764.1
767.6
750.9
748.8
746.1
746.5
726.1
social insurance....
Wage accruals less
-1 .4
1.4
.0
.0
.0
.0
.0
disbursements......
Plus: Personal interest
1,080.7
1,081.6
1.075.8
1,080.9
1,082.3
1,078.5
1.091.3
incom e......................
Personal dividend
459.0
451.2
437.3
430.3
443.8
433.8
409.2
income...................
Government transfer
payments to
1,328.5
1,247.7
1.304.9
1,263.1
1.283.5
1,252.9
1,137.0
persons.................
Business transfer
payments to
36.3
35.3
35.9
35.6
34.9
35.1
33.4
persons .................
Equals: Personal
incom e......................
8.685.3 8,922.2 8,914.0 8,958.9 9.012.5 9,094.8 9,169.2
Addenda:
Gross domestic
10.199.4 10,555.1 10.541.8 10.588.3 10,667.0 10,779.8
income...................
Gross national income 10.221.4 10,545.5 10.521.8 10.577.4 10,657.9 10,769.5
9,360.4
9,173.4
9,267.0
9,101.0
9,052.8
8,987.0
8,752.9
Net domestic product
III
2003
IV
I
II
Gross domestic product......... 9,214.5 9,439.9 9,392.4 9,485.6 9,518.2 9,552.0 9,608.1
Plus: Income receipts from the
rest of the w orld...................
292.0
253.3
251.8
261.3
257.5
252.5
Less: Income payments to the
268.2
269.5
264.2
260.4
269.2
260.3
rest of the w orld...................
Equals: Gross national product 9,237.3 9,433.5 9,376.7 9,477.9 9,512.1 9,544.7
Less: Consumption of fixed
capital.....................................
1,320.8 1,399.9 1,390.9 1,417.0 1,433.7 1,448.7 1,464.6
Private....................................
1,110.7 1,184.5 1,176.2 1,200.9 1,216.0 1,229.4 1,243.7
Government..........................
217.5
219.1
222.5
210.9
216.6
215.8
220.8
General government........
179.2
185.4
184.7
186.1
187.5
189.1
190.6
31.6
31.7
Government enterprises..
31.7
31.2
31.1
31.3
31.9
8,078.2
8,097.2
Equals: Net national product. 7,928.1 8,049.7 8,001.6
8,116.2
Addenda:
Gross domestic income 1....
9,321.7 9,538.3 9,541.7 9,559.7 9,588.5 9,633.7
Gross national incom e2......
9,344.5 9,532.0 9.526.0 9,552.1 9,582.4 9,626.4
Net domestic product
7,905.4 8,055.8 8.017.0 8,085.5 8,103.0 8,123.2 8,164.6
..........
1. Gross dom estic incom e deflated by the im plicit price deflator fo r gross dom estic product.
2. Gross national incom e deflated by the im plicit price deflator fo r gross national product.
N o te . Except as noted in footnotes 1 and 2, chained (1 9 9 6 ) dollar series a re calculated as the product of the
chain-type quantity index and the 1 9 9 6 c urre nt-dollar value of the corresponding series, divided by 1 0 0 . Because
the fo rm u la fo r the chain-typ e quantity indexes uses w eig h ts of m ore than one period, the corresponding c haineddollar estim ates are usually not additive.
The chain-typ e quantity index fo r gross national p roduct is s how n in table 7 .3.
Table 1.11. Command-Basis Real Gross National Product
[Billions of chained (1996) dollars]
Gross national product...........
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 1................
Equals: Command-basis gross
national product..................
Addendum:
Terms of trad e2....................
9,237.3
9,433.5 9,376.7
9,477.9 9,512.1
9,544.7
1,366.5
1,307.1
1,311.9
1,334.2
1,314.4
1,305.5
1,410.0
1,344.4
1,345.6
1,365.6
1,345.4
1,316.2
9,280.9 9,470.8 9,410.3 9,509.3 9,543.1
9,555.4
103.2
102.8
102.6
102.4
102.4
100.8
1. Exports of goods and services and incom e receipts deflated by the im plicit price deflator fo r im ports of
goods and services and incom e paym ents.
2. Ratio of the im plicit price deflator fo r exports of goods and services and incom e receipts to the corre
sponding im plicit price deflator fo r im ports divided by 1 00 .
N o te . Chained (1 9 9 6 ) dollar series are calculated as the p roduct of the c hain-typ e quantity index and the 1 9 9 6
c urre nt-dollar value o f the corresponding series, divided by 1 0 0 . Because the fo rm u la fo r the chain-typ e quantity
indexes uses w eights o f m ore than one period, the corresponding c hained-dollar estim ates are usually not a ddi
tive.
P ercent changes fro m preceding period fo r gross national product are show n in table 8 .1.
C hain-type quantity indexes fo r the series in this table are show n in table 7 .3.
National Data
D -6
Table 1.16. Gross Product of Corporate Business in Current Dollars and
Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars
Table 1.14. National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
2001
II
III
Seasonally adjusted at annual rates
2003
2002
2002
August 2003
2001
IV
2002
2002
II
5,874.9
4,950.6
810.8
4,139.8
8,340.1 8,328.0 8,349.9 8,413.9 8.512.3
5.969.5 5.963.9 5.988.4 6,017.4 6,081.2 6 , 110.2
4,996.4 4,997.3 5.007.4 5,023.1 5,070.8 5.092.5
857.1
848.4
865.4
882.4
888.9
852.8
4.143.6 4.148.9 4,150.3 4,157.7 4,188.5 4.203.6
924.3
973.1
966.6
981.0
994.3
1.010.4
1.017.7
353.9
570.4
362.5
610.6
362.5
604.1
363.5
617.5
364.1
630.2
371.2
639.2
372.7
645.0
727.9
19.0
756.5
12.9
747.5
7.5
758.7
10.7
771.6
11.7
784.4
14.2
803.5
15.2
26.7
21.6
16.1
19.6
20.8
23.5
24.3
-7 .7
708.8
621.6
-8 .7
743.7
630.1
-8 .7
740.0
626.9
-8 .9
748.0
635.0
-9.1
759.9
646.1
-9 .3
770.2
657.7
-9.1
788.3
655.4
.9
86.3
-
1.0
114.5
1.1
-1 .7
-.9
-3 .8
.5
114.2
114.6
114.7
116.2
132.4
-
137.9
204.4
142.4
212.0
153.5
221.9
144.1
214.5
130.6
202.6
126.9
201.8
116.4
190.4
-66.5
-69.6
-68.4
-70.3
-72.1
-74.9
-74.0
731.6
787.4
785.0
771.0
796.1
816.5
675.1
670.2
199.3
470.9
409.6
61.2
658.3
665.2
213.3
451.9
434.3
17.6
652.2
657.9
213.7
444.3
430.8
13.5
653.4
668.5
214.7
453.8
437.7
16.1
686.4
694.9
222.4
472.5
444.3
28.2
701.2
728.1
237.8
490.2
451.6
38.6
5.0
-6 .9
-5 .7
-15.1
-8 .5
-26.9
56.5
649.8
129.1
684.2
132.8
678.1
117.6
687.6
109.7
698.3
115.3
703.3
532.3
574.1
571.3
556.3
573.7
578.6
911.8
967.3
966.7
954.7
968.7
964.7
122.7
139.9
140.5
118.6
129.4
127.0
789.1
827.5
826.1
836.1
839.3
837.6
5.0
906.8
-6 .9
974.2
-5 .7
972.4
-15.1
969.8
-8 .5
977.2
-26.9
991.5
459.5
199.4
700.0
831.
III
IV
I
II
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 incom e.................
Compensation of
employees....................
Wage and salary
accruals.....................
Supplements to wages
and salaries..............
Corporate profits with
inventory valuation and
capital consumption
adjustments..................
Profits before ta x .........
Profits tax lia b ility....
Profits after ta x ........
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 incom e.................
Compensation of
employees....................
Wage and salary
accruals.....................
Supplements to wages
and salaries...............
Corporate profits with
inventory valuation and
capital consumption
adjustments..................
Profits before ta x .........
Profits tax lia bility....
Profits after ta x ........
Dividends.............
Undistributed
profits................
Inventory valuation
adjustment................
Capital consumption
adjustment................
Net interest.......................
6,117.5 6,323.4 6,320.3
6,335.7 6,388.4 6,455.0
789.1
827.5
826.1
5,328.4 5,495.9 5,494.1
836.1
839.3
5,499.6 5,549.1
837.6
5,617.4
831.8
565.7
592.6
601.2
588.8
598.0
606.0
4,762.7 4,903.4 4,905.3 4,901.6 4,947.8 5,011.4
609.9
3,945.6 3,980.2 3,979.5
4,044.4 4,061.1
3,418.8 3,431.1
3,387.3
3,393.7
567.0
598.1
593.1
603.9
614.6
625.6
580.9
519.4
199.3
320.1
383.1
668.1
545.9
213.3
332.6
392.9
669.9
542.9
213.7
329.2
385.1
654.9
552.4
214.7
337.7
379.2
682.0
580.8
222.4
358.4
404.4
710.0
621.6
237.8
383.7
412.5
-63.0
-60.3
-56.0
-41.5
-46.0
-28.7
5.0
-6.9
-5.7
-15.1
-8.5
-26.9
56.5
236.3
129.1
255.1
132.8
255.8
117.6
255.4
109.7
257.6
115.3
257.0
763.3
830.3
831.3
830.9
833.6
852.2
5,354.2
5,493.1
5,489.0
5,504.8 5,554.7
5,602.8
3,378.6
3,382.0 3,386.5
3,991.2 4,008.2
630.0
199.4
652.8
686.6 685.1 693.7 696.7 696.2
4,701.4 4,806.5 4,803.8 4,811.1 4,858.0 4,906.6
691.9
523.7
4,177.7
564.9
549.1
545.6
4,257.5 4,258.2
557.2
554.2
561.3
4,256.9 4,300.8 4,345.3
3,573.5
3,605.0 3,604.4
3,615.0 3,630.5
3,663.3 3,678.4
3,056.4
3,059.5 3,063.5
3,064.3 3,070.1
3,092.8 3,104.0
517.1
545.5
540.8
550.7
560.4
570.5
407.4
328.8
123.5
205.3
278.5
458.4
328.6
131.5
197.0
285.8
459.3
324.4
130.8
193.6
280.2
447.6
336.3
133.4
202.9
275.9
474.4
364.4
142.2
294.2
486.5
391.3
153.4
237.9
300.1
-73.2
-73.0
-72.1
-62.2
222.1
bo
8 , 122.0
0CIO0
National in co m e .............
Compensation of em ployees.
Wage and salary accruals....
Government.......................
O ther..................................
Supplements to wages and
salaries..............................
Employer contributions for
social insurance...........
Other labor income..........
Proprietors' income with
inventory valuation and
capital consumption
adjustm ents..........................
Farm.......................................
Proprietors' income with
inventory valuation
adjustment....................
Capital consumption
adjustment....................
Nonfarm ................................
Proprietors' income.........
Inventory valuation
adjustment....................
Capital consumption
adjustment....................
Rental income of persons with
capital consumption
adjustment............................
Rental income of persons....
Capital consumption
adjustment.........................
Corporate profits w ith
inventory valuation and
capital consumption
adjustm ents..........................
Corporate profits with
inventory valuation
adjustment.........................
Profits before ta x .............
Profits tax lia bility........
Profits after ta x ............
Dividends..................
Undistributed profits
Inventory valuation
adjustment....................
Capital consumption
adjustment.........................
Net interest...............................
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments.......................
Net cash flow with inventory
valuation and capital
consumption adjustments
Undistributed profits with
inventory valuation and
capital consumption
adjustments..................
Consumption of fixed
capital............................
Less: Inventory valuation
adjustment.........................
Equals: Net cash flo w ..........
2003
-86.6
5.0
-6.9
-5.7
-15.1
-8.5
-26.9
73.6
196.8
136.7
194.1
140.6
194.6
126.4
194.3
118.6
195.9
195.5
574.5
122.1
194.0
5.141.8 5,301.9 5,298.7 5,320.7 5,357.1 5.394.0
671.9
720.8
715.4
731.4
741.1
749.9
4.469.9 4,581.2 4,583.3 4,589.4 4,615.9 4.644.1
759.6
Eillions of hained (1 396) dollar S
Gross product of
nonfinancial corporate
business1.....................
Consumption of fixed capital2
Net product3.............................
1. Effective November 26, 2002, the estimates of chained-dollar gross product of nonfinancial corporate busi
ness beginning with 1999 have been revised to reflect the 2002 annual revision to the gross product price index
for nonfinancial industries.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product
of 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.
August 2003
S urvey
of
C urrent B
D -7
u s in e s s
2. Personal Incom e and O u tla y s _____________
Table 2.1. Personal Income and Its Disposition
Table 2.2. Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
8,685.3
Personal income.....................
Wage and salary
disbursements................. 4,950.6
Private industries..............
4,139.8
Goods-producing
1,142.4
industries..................
Manufacturing..........
789.4
Distributive industries..
1,109.2
Service industries........
1,888.2
810.8
Government......................
Other labor incom e............
570.4
Proprietors' income with
inventory valuation and
capital consumption
adjustments.....................
727.9
Farm...................................
19.0
Nonfarm ............................
708.8
Rental income of persons
with capital consumption
adjustment........................
137.9
Personal dividend incom e.
409.2
Personal interest income... 1,091.3
Transfer payments to
persons.............................
1,170.4
Old-age, survivors,
disability, and health
insurance benefits........
664.3
Government
unemployment
insurance benefits........
31.9
26.7
Veterans benefits.............
Other transfer payments..
447.6
19.2
Family assistance1.....
Other..............................
428.3
Less: Personal
contributions for social
insurance..........................
372.3
Less: Personal tax and nontax
payments.............................. 1,292.1
Equals: Disposable personal
income................................... 7,393.2
Less: Personal outlays........... 7,223.5
Personal consumption
expenditures.....................
6,987.0
205.4
Interest paid by persons.....
Personal transfer payments
to the rest of the world
31.1
(net)....................................
Equals: Personal saving........
169.7
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars2............
6,748.0
Per capita:
Current dollars.............
25,957
Chained (1996) dollars
23,692
Population (mid-period,
284.8
m illions)........................
Personal saving as a
percentage of disposable
personal income.............
2.3
III
8,922.2 8,914.0
Seasonally adjusted at annual rates
2001
2003
IV
I
4,996.4 4,997.3 5,007.4 5,023.1 5,069.5 5,093.9
4,143.6 4,148.9 4,150.3 4,157.7 4,188.5 4,203.6
1,115.7
758.7
1,114.4
1,913.5
852.8
610.6
1,121.3
765.3
1,115.3
1,912.4
848.4
604.1
1,115.2
757.9
1,117.8
1,917.3
857.1
617.5
1,109.3
752.0
1,114.6
1,933.9
865.4
630.2
1,111.3
752.3
1,116.9
1,960.2
881.0
639.2
1,114.2
749.2
1,119.5
1,969.9
890.3
645.0
756.5
12.9
743.7
747.5
7.5
740.0
758.7
10.7
748.0
771.6
11.7
759.9
784.4
14.2
770.2
803.5
15.2
788.3
142.4
153.5
144.1
130.6
126.9
116.4
430.3
451.2
433.8
437.3
443.8
459.0
1,078.5 1,082.3 1,080.7 1,080.9 1,075.8 1,081.6
1,340.8 1,364.8
699.8
696.3
701.9
710.8
722.6
735.1
62.9
29.6
495.8
19.3
476.5
67.3
29.3
489.8
19.3
470.4
67.6
30.0
498.9
19.3
479.6
64.2
30.5
513.6
19.4
494.2
62.0
31.2
525.0
19.4
505.6
66.1
31.9
531.7
19.5
512.2
384.0
383.6
385.3
386.8
392.9
394.9
1,111.9 1,121.8 1,099.0 1,090.1
1,077.2 1,085.5
7,810.3 7,792.2 7,859.9 7,922.5
7,524.5 7,477.9 7,583.0 7,640.7
8,017.6 8,083.7
7,727.6 7,813.1
7,303.7
188.4
7,254.7
191.3
7,360.7
189.3
7,425.4
182.5
7,512.5
181.7
7,591.2
188.3
32.3
285.8
31.9
314.3
32.9
276.9
32.8
281.8
33.4
290.0
33.6
270.6
7,032.2
7,027.2
7,058.1
7,082.3
7,119.4
7,162.4
27,170
24,463
27,144
24,479
27,313
24,527
27,463
24,551
27,732
24,625
27,891
24,712
287.5
287.1
287.8
288.5
289.1
289.8
3.7
4.0
3.5
3.6
3.6
3.3
1 . Consists of aid to families with dependent children and, beginning with 1 9 9 6 , assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1 9 9 6 .
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expendi
tures.
N o te . Percent changes from preceding period for disposable personal income are shown in table 8.1 .
2002
II
II
8,958.9 9,012.5 9,094.8 9,169.2
1,288.0 1,282.6 1,298.4 1,319.1
2002
III
2003
IV
I
II
Personal consumption
expenditures................ 6,987.0 7,303.7 7,254.7 7,360.7 7,425.4 7,512.5 7,591.2
Durable goods..........................
835.9
871.9
856.9
897.8
873.9
861.2
897.5
M otor vehicles and parts.....
361.3
376.1
362.1
400.7
375.9
366.5
392.0
Furniture and household
equipm ent.........................
306.1
318.7
319.1
319.2
319.4
314.9
320.4
Other......................................
168.4
177.1
175.8
177.9
178.6
179.8
185.2
Nondurable goods................... 2,041.3 2,115.0 2,108.2 2,116.9 2,150.0 2,206.8 2,196.4
Food.......................................
992.4 1,029.4 1,023.9 1,024.8 1,043.9 1,070.1 1,075.5
Clothing and shoes...............
315.3
324.3
323.9
321.0
326.6
324.5
325.5
Gasoline, fuel oil, and other
energy goods....................
178.6
173.5
174.7
178.2
184.7
211.1
191.4
162.1
160.7
167.4
191.4
174.7
Gasoline and o il................
158.5
163.5
14.7
17.3
19.7
16.7
Fuel oil and coal................
16.5
15.0
14.0
Other......................................
604.0
555.0
587.8
585.6
592.9
594.8
601.1
Services.................................... 4,109.9 4,316.8 4,289.5 4,346.0 4,401.5 4,444.6 4,497.3
Housing..................................
1,014.5 1,071.5 1,066.0 1,078.0 1,090.1 1,101.9 1,111.0
422.4
406.3
405.2
400.9
406.3
414.2
Household operation...........
428.1
147.4
162.1
167.6
Electricity and g a s ...........
154.5
148.2
144.9
156.5
Other household operation
257.7
260.4
260.6
251.8
257.0
256.1
258.9
Transportation......................
271.4
275.8
275.6
276.1
278.3
278.0
278.0
Medical care..........................
1,072.2 1,148.5 1,139.3 1,158.8 1,176.9 1,192.0 1,213.3
271.9
285.9
291.8
292.7
296.2
Recreation.............................
285.1
283.8
Other......................................
1,073.6 1,130.7 1,123.8 1,140.9 1,150.2 1,157.5 1,170.7
Addenda:
Energy goods and services1
319.6
325.6
341.1
373.1
358.9
333.0
321.6
Personal consumption
expenditures less food and
energy...............................
5,661.6 5,952.7 5,911.1 6,010.3 6,040.3 6,069.3 6,156.8
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]
Personal consumption
expenditures................ 6,377.2 6,576.0 6,542.4 6,609.9
980.7 1,032.4
Durable goods..........................
931.9
999.9
Motor vehicles and parts....
361.9
382.4
369.1
407.6
Furniture and household
435.2
441.4
equipm ent.........................
398.0
438.1
184.1
Other......................................
175.3
185.8
187.0
Nondurable goods................... 1,869.8 1,929.5 1,920.9 1,925.8
899.2
897.9
Food.......................................
887.0
902.3
337.7
355.1
355.3
Clothing and shoes...............
357.0
Gasoline, fuel oil, and other
157.5
151.2
157.5
156.5
energy goods....................
145.1
144.7
145.4
Gasoline and o il................
138.8
12.7
12.1
12.4
Fuel oil and coal................
12.6
Other......................................
495.5
515.8
513.1
518.0
Services.................................... 3,594.9 3,675.6 3,666.2 3,687.0
Housing..................................
866.0
880.1
878.5
882.1
384.7
382.9
384.7
Household operation...........
382.6
136.4
135.7
Electricity and g a s...........
134.5
133.6
248.2
248.4
249.5
249.1
Other household operation
249.8
Transportation......................
251.1
250.3
250.3
974.7
984.4
Medical care..........................
938.3
978.6
Recreation.............................
233.2
237.5
237.1
237.1
922.7
942.7
941.0
947.0
Other......................................
-23.6
-37.2
-34.9
-40.3
Residual.....................................
Addenda:
Energy goods and services 1
285.6
293.9
290.1
293.3
Personal consumption
expenditures less food and
5,204.5 5,380.3 5,353.5 5,419.6
energy...............................
6,637.9 6,670.9 6,726.0
1,010.6 1,005.4 1,057.9
374.9
402.8
382.8
464.4
447.5
447.8
188.1
191.3
197.8
1,950.0 1,978.9 1,979.2
910.7
929.7
928.9
361.8
364.0
368.6
158.9
159.2
154.9
146.2
143.4
145.1
14.0
13.3
11.9
521.9
528.9
531.3
3,707.0 3,714.9 3,729.0
889.9
893.8
885.8
389.3
389.9
388.5
140.7
142.8
139.6
249.9
247.0
247.8
250.1
250.1
248.1
992.0 1,002.1 1,010.2
240.3
238.8
240.2
947.5
943.8
945.6
-39.5
-38.4
-50.5
301.6
299.9
294.4
5,426.1
5,441.5
5,504.1
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
N o te . 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 addi
tive. 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 7.4.
Contributions to the percent change in real personal consumption expenditures are shown in table 8.3.
D -8
National Data
August 2003
3. Governm ent Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
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
Transfer payments (net)...,
To persons.....................
To the rest of the world (net)
Net interest paid.................
Interest paid...................
To persons and business................................................................................
To the rest of the w orld....................................................................................
Less: Interest received by government.............................................................
Less: Dividends received by government.............................................................
Subsidies less current surplus of government enterprises...............................
Subsidies................................................................................................................
Less: Current surplus of government enterprises..........................................
iess;W age 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...............................................
III
2003
IV
I
2,992.3
1,292.1
199.3
774.8
726.1
2,951.6
1,522.2
1,146.6
1,137.0
9.6
236.0
341.1
260.4
80.7
105.1
.4
47.3
55.3
8.0
.0
40.7
93.2
-52.5
2,872.1
1,111.9
213.3
800.4
746.5
3,126.2
1,621.0
1,267.3
1,252.9
14.4
205.8
314.1
241.0
73.0
108.2
.5
32.5
46.2
13.7
.0
-254.1
51.9
-306.0
2,876.7
1,121.8
213.7
795.1
746.1
3,117.4
1,611.6
1,258.3
1,247.7
10.6
212.8
319.5
244.9
74.7
106.7
.5
35.1
46.0
11.0
.0
-2 40.7
49.6
-290.3
2,869.4
1,099.0
214.7
806.9
748.8
3,134.6
1,629.4
1,272.8
1,263.1
9.7
203.8
312.2
239.4
72.8
108.4
.5
29.1
46.6
17.5
.0
-265.2
48.0
-313.2
2,876.7
1,090.1
222.4
813.3
750.9
3,185.6
1,659.0
1,298.0
1,283.5
14.5
200.1
311.8
241.2
70.7
111.7
.5
29.0
45.9
17.0
.0
-3 09.0
45.9
-354.9
2,900.8
1,077.2
237.8
821.7
764.1
3,243.0
1,698.4
1,324.9
1,304.9
20.1
190.8
303.9
236.0
67.9
113.1
.5
30.7
49.6
18.8
1.4
-3 42.2
51.4
-393.6
-46.9
40.7
222.4
35.4
335.8
9.6
-354.5
-254.1
229.6
32.9
351.9
11.0
-341.3
-240.7
228.6
29.7
348.2
10.6
-362.1
-265.2
230.5
35.7
351.7
11.4
-409.2
-309.0
232.7
30.3
352.2
11.0
-437.9
-342.2
235.5
30.6
353.6
8.3
II
1,085.5
830.7
767.6
3,315.2
1,730.3
1,344.3
1,328.5
15.8
193.3
307.0
113.7
.5
46.5
64.5
18.1
-1 .4
39.9
237.4
26.1
355.3
10.1
August 2003
S urvey
D -9
C u r r e n t B u sin e s s
of
Table 3.3. State and Local Government Current Receipts and
Expenditures
Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
2002
2001
2002
II
Seasonally adjusted at annual rates
2003
III
IV
I
2001
II
2002
2002
II
Current receipts...............
Personal tax and nontax
receipts..................................
Income taxes.........................
Nontaxes...............................
Corporate profits tax accruals.
Federal Reserve banks........
Other......................................
Indirect business tax and
nontax accruals....................
Excise taxes...........................
Customs duties....................
Nontaxes...............................
Contributions for social
insurance...............................
Current expenditures......
Consumption expenditures.....
Transfer payments (net)..........
To persons............................
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...
2,008.4 1,873.3 1,883.7 1,864.1
1,860.8
1,869.8
1,010.9
1,000.3
10.6
170.2
27.1
143.2
845.8
836.4
9.4
179.8
22.2
157.6
856.6
847.0
9.6
180.2
23.2
157.0
831.3
822.3
9.1
181.1
22.2
158.8
820.5
811.4
9.0
187.5
20.6
166.9
803.3
794.1
9.2
200.7
20.4
180.3
808.7
799.5
9.3
110.3
66.3
20.6
23.4
110.6
69.6
20.3
20.7
110.2
69.9
19.4
20.9
112.4
69.8
22.4
20.2
111.5
70.3
20.6
20.5
111.2
69.5
20.9
20.8
111.6
68.7
21.0
21.9
737.1
736.7
741.4
716.9
739.3
754.6
758.1
1,936.4 2,075.5 2,079.3 2,074.6 2,117.4 2,145.1 2,240.8
528.4
586.5
581.0
589.8
608.9
626.6
662.9
842.2
931.7
927.6
934.1
948.5
970.7
985.9
917.4
832.6
917.0
924.4
934.0
950.7
970.1
14.4
9.6
10.6
9.7
14.5
20.1
15.8
277.4
238.1
257.8
177.2
80.7
305.7
207.8
228.9
155.9
73.0
309.6
214.9
234.6
159.9
74.7
305.0
205.8
226.8
154.0
72.8
315.8
202.1
225.9
155.3
70.7
313.0
192.7
217.5
149.7
67.9
336.6
195.0
220.1
19.7
21.1
19.7
21.0
23.9
24.9
25.1
50.3
47.5
43.7
45.4
46.3
45.5
39.9
45.0
42.1
46.3
43.5
49.4
59.0
63.8
-2 .8
1.7
-.7
5.0
4.2
6.0
4.8
.0
.0
.0
.0
.0
1.4
-1 .4
72.0
93.3
-21.3
58.9
72.0
-202.1
52.0
-254.1
-226.7
-202.1
-1 95.6
49.7
-245.3
-223.2
-195.6
-2 10.5
48.1
-258.6
-233.5
-210.5
-256.6
46.0
-302.6
-280.6
-256.6
-275.3
51.5
-326.8
40.0
-290.4
-275.3
98.7
101.9
101.3
102.2
103.6
104.7
105.8
-12.9
99.7
-19.1
107.2
-21.8
107.1
-16.8
107.9
-19.5
108.0
-13.9
108.6
-28.2
115.8
-.7
.2
-.1
.6
.1
-2 .7
-1 .0
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......................................
Contributions for social
insurance..............................
Federal grants-in-aid................
Current expenditures......
Consumption expenditures.....
Transfer payments to persons.
Net interest paid.......................
Interest paid..........................
Less: Interest received by
government......................
Less: Dividends received by
government...........................
Subsidies less current surplus
of government enterprises..
Subsidies..............................
Less: Current surplus of
government enterprises...
Less: Wage accruals less
disbursem ents.....................
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....
1,261.3 1,304.5 1,302.5
2003
III
IV
I
II
1,310.3
1,331.6
1,344.0
281.2
218.7
41.9
20.6
29.1
266.1
200.3
45.1
20.7
33.5
265.3
199.9
44.7
20.7
33.5
267.7
201.4
45.5
20.7
33.7
269.6
202.4
46.4
20.8
34.9
273.9
205.2
47.7
20.9
37.2
276.8
206.6
49.1
21.0
664.4
321.2
257.4
85.8
689.8
333.5
267.8
88.5
684.9
330.6
265.9
88.3
694.5
337.2
268.6
88.7
701.8
338.6
273.2
90.0
710.4
342.3
278.0
90.1
719.0
344.4
282.8
91.8
9.4
9.4
9.4
9.5
9.6
9.2
9.5
277.4
305.7
309.6
305.0
315.8
313.0
336.6
1,292.6 1,356.4 1,347.6 1,365.0 1,384.0 1,410.9 1,411.1
993.7 1,034.5 1,030.6 1,039.6 1,050.1 1,071.8 1,067.4
354.2
358.4
304.4
335.6
330.7
338.7
349.5
-1 .8
-1 .8
-2.1
-2 .0
-2 .0
-2 .0
-1 .9
85.4
85.9
86.4
86.9
83.3
85.2
84.9
85.4
87.1
87.0
87.4
87.8
88.2
.4
.5
.5
.5
.5
.5
88.6
.5
-3.1
7.8
-11.2
.8
-11.2
.5
-10.8
1.7
-13.2
-.4
-12.7
.2
-12.5
.7
10.9
12.0
11.7
12.5
12.8
12.9
13.2
.0
.0
.0
.0
.0
.0
.0
-3 1 .3
-.1
-31.2
-5 2 .0
-.1
-51.9
-45.1
-.1
-44.9
-5 4 .7
-.1
-54.6
-5 2 .4
-.1
-52.3
-6 6 .9
-.1
-66.8
-.1
-105.8
-127.8
-118.1
-128.5
-128.6
-147.6
-31.3
-52.0
-45.1
-54.7
-52.4
-66.9
123.7
127.7
127.3
128.3
129.1
130.8
131.6
48.3
236.2
52.0
244.7
51.5
241.1
52.5
243.8
49.8
244.2
44.5
245.0
54.3
239.5
10.3
10.8
10.7
10.9
10.9
11.0
11.1
National Data
D -1 0
A u gu st 2 0 0 3
Table 3.7. Government Consumption Expenditures and Gross Investment
by Type
Table 3.8. Real Government Consumption Expenditures and Gross
Investment by Type
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
Government consumption
expenditures and gross
investment1................
Federal......................................
National defense.................
Consumption
expenditures.................
Durable goods2...........
Nondurable go ods.......
Services.........................
Compensation of
general
government
employees, except
own-account
investment3.........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investment............
Structures.....................
Equipment and software
Nondefense..........................
Consumption
expenditures.................
Durable goods2...........
Nondurable go ods.......
Commodity Credit
Corporation
inventory change..
Other nondurables....
Services.........................
Compensation of
general
government
employees, except
own-account
investment3.........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investm ent............
Structures.....................
Equipment and software
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..
Addenda:
Compensation of general
government employees3
Federal...............................
State and loca l5...............
III
Seasonally adjusted at annual rates
2001
2003
IV
I
II
1,858.0 1,972.9 1,959.8 1,981.1 2,011.3 2,052.0 2,085.6
697.7
778.7
628.1
693.7
688.2
716.9
735.2
447.4
451.2
464.7
516.7
399.9
442.1
471.1
344.5
24.2
10.5
309.8
386.6
25.3
11.5
349.9
382.5
24.9
11.7
345.9
388.9
26.3
12.0
350.6
403.2
25.2
11.4
366.6
408.7
24.7
12.2
371.8
449.8
27.8
12.1
409.9
143.7
154.4
155.0
155.8
153.9
165.1
169.9
63.5
102.5
55.5
5.4
50.0
228.2
64.2
131.3
60.8
5.3
55.5
246.3
64.0
127.0
59.6
5.4
54.2
246.1
64.3
130.5
62.4
5.4
57.0
246.5
64.9
147.7
61.5
5.3
56.3
252.2
65.2
141.5
62.4
5.5
56.9
264.1
65.5
174.4
66.9
5.9
61.0
261.9
184.0
1.3
8.7
199.9
1.4
9.4
198.6
1.4
10.1
200.9
1.4
9.4
205.8
1.6
9.4
217.9
1.5
8.9
213.0
1.3
10.0
.8
7.9
174.0
-.2
9.6
189.1
.3
9.8
187.1
-.2
9.6
190.1
-.6
10.1
194.7
-.4
9.3
207.5
-.5
10.5
201.7
95.2
104.3
102.7
104.6
108.0
113.8
113.3
28.7
30.8
31.0
30.5
31.6
32.3
33.0
50.1
54.0
53.9
54.5
55.1
55.4
61.3
46.4
44.2
47.5
45.5
46.5
48.9
46.2
10.4
12.3
12.1
11.3
12.6
12.0
13.0
34.1
33.8
35.4
34.3
33.8
34.1
35.9
1,229.9 1,279.2 1,271.6 1,283.3 1,294.4 1,316.8 1,306.9
993.7 1,034.5 1,030.6 1,039.6 1,050.1 1,071.8 1,067.4
19.4
18.3
19.3
19.5
19.7
20.2
20.0
118.7
121.1
120.2
122.6
131.7
126.3
139.7
894.0
897.5
904.1
856.7
891.1
912.1
915.4
700.4
733.8
730.1
737.1
744.0
748.6
752.2
95.4
60.9
236.2
177.6
58.6
100.0
60.3
244.7
188.2
56.5
99.6
61.3
241.1
184.4
56.6
100.4
59.9
243.8
187.4
56.4
101.1
59.0
244.2
188.6
55.6
102.5
61.0
245.0
189.8
55.2
103.1
60.1
239.5
184.7
54.8
952.1
240.5
711.6
1,006.1
260.5
745.5
1,001.2
259.6
741.6
1,011.3
262.5
748.9
1,019.8
263.9
755.8
1,041.7
281.1
760.6
1,049.5
285.5
764.1
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. 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.
5. Beginning with 2001, in accordance with the Consolidated Appropriations Act of 2001, includes compensa
tion of employees of Indian tribal governments reclassified from the private sector.
2002
2002
II
Government consumption
expenditures and gross
investment1.................
Federal......................................
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
Nondefense..........................
Consumption
expenditures.................
Durable goods2............
Nondurable goods.......
Commodity Credit
Corporation
inventory change..
Other nondurables...
Services.........................
Compensation of
general
government
employees, except
own-account
investment3..........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investment............
Structures.....................
Equipment and software
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..
Residual.....................................
Addenda:
Compensation of general
government employees3.
Federal................................
State and loca l5...............
1,640.4
570.6
366.0
1,712.8 1,703.3
608.7
613.3
395.8
400.0
III
2003
IV
I
II
1,715.6 1,735.0 1,736.7 1,768.4
631.4
615.1
632.5
668.9
413.2
409.7
402.5
448.9
308.9
24.3
9.9
275.1
337.0
25.3
11.4
300.6
333.9
24.9
11.7
297.6
338.0
26.4
11.6
300.5
349.4
25.2
10.8
313.4
345.4
24.6
10.7
310.0
379.7
27.8
11.2
340.7
121.2
123.4
123.8
124.3
123.0
125.5
129.0
62.4
91.7
57.3
4.6
53.0
204.4
62.6
114.9
63.3
4.4
59.5
213.3
62.5
111.6
62.2
4.5
58.2
212.9
62.6
113.8
65.0
4.4
61.1
212.7
62.8
128.2
63.9
4.3
60.1
218.3
63.1
121.8
64.7
4.5
60.7
222.8
63.4
149.1
69.3
4.8
65.0
220.4
161.1
1.5
8.9
167.8
1.7
8.5
166.5
1.7
9.6
167.9
1.7
8.3
172.5
1.9
8.4
177.1
1.9
7.8
172.7
1.6
8.6
1.7
7.2
151.6
-.1
8.6
157.7
.8
8.8
155.8
-.1
8.4
157.9
-.6
9.0
162.2
-.1
8.0
167.5
-.6
9.2
162.2
79.0
80.7
79.2
80.4
83.6
83.7
82.9
28.0
30.1
29.8
30.3
30.9
31.5
32.1
45.4
47.9
48.7
48.0
48.3
53.8
48.4
43.6
45.9
47.0
45.1
46.0
45.7
48.4
8.9
10.4
10.2
9.5
10.6
10.0
10.7
35.4
37.3
36.0
36.3
35.9
36.3
38.2
1,069.4 1,099.7 1,094.7 1,100.6 1,104.0 1,104.6 1,100.5
879.4
856.8
881.1
883.0
886.3
887.9
888.5
18.3
19.3
19.2
19.4
19.6
19.8
20.0
108.7
113.0
112.6
113.3
114.1
114.9
115.8
731.1
750.5
749.2
751.9
754.2
754.9
754.5
589.6
601.7
600.8
602.6
604.1
604.1
602.9
88.7
53.2
212.8
148.6
65.9
-6 .8
92.6
56.8
218.6
154.9
64.6
-7 .0
92.2
56.8
215.3
151.9
64.6
-7 .7
93.0
57.0
217.6
153.9
64.7
-7 .3
93.7
57.1
217.7
154.5
64.0
-6 .5
94.4
57.3
216.6
153.8
63.6
-7 .2
95.0
57.6
211.7
149.3
63.5
-8 .5
800.5
201.6
598.9
817.0
205.7
611.3
814.8
204.5
610.3
818.6
206.4
612.2
822.2
208.4
613.8
824.8
210.9
613.7
826.3
213.6
612.4
N ote. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of tne 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 addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda.
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 2003
S urvey
D -1 1
C u r r e n t B u sin e s s
of
Table 3.10. National Defense Consumption Expenditures and Gross
Investment
Table 3.11. Real National Defense Consumption Expenditures and Gross
Investment
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
2002
II
National defense
consumption
expenditures and gross
investment1................
Consumption expenditures....
Durable goods2..................
Aircraft...............................
M issiles.............................
S hips..................................
Vehicles.............................
Electronics.........................
Other durable goods........
Nondurable goods...............
Petroleum products.........
Am m unition......................
Other nondurable goods..
Services................................
Compensation of general
government employees,
except own-account
investment3.................
M ilitary...........................
Civilian...........................
Consumption of general
government fixed
capital4.........................
Other services...................
Research and
development.............
Installation support......
Weapons support.........
Personnel su pport.......
Transportation of
m aterial.....................
Travel of persons.........
Other..............................
Gross investment....................
Structures.............................
Equipment and software....
Aircraft...............................
M issiles.............................
S hips..................................
Vehicles.............................
Electronics and softw are.
Other equipment...............
Addendum:
Compensation of general
government employees3
III
2003
IV
I
2001
II
399.9
344.5
24.2
11.2
2.5
1.2
1.0
3.0
5.3
10.5
4.0
2.1
4.4
309.8
447.4
386.6
25.3
11.3
2.8
1.3
1.1
3.1
5.6
11.5
4.2
2.5
4.8
349.9
442.1
382.5
24.9
11.3
2.5
1.3
1.1
3.2
5.5
11.7
4.3
2.6
4.8
345.9
451.2
388.9
26.3
11.6
3.0
1.5
1.0
3.3
5.8
12.0
4.7
2.7
4.6
350.6
464.7
403.2
25.2
11.4
3.1
1.2
1.2
2.8
5.5
11.4
4.0
2.4
5.0
366.6
471.1
408.7
24.7
10.8
2.7
1.2
1.1
3.4
5.5
12.2
5.0
2.1
5.1
371.8
516.7
449.8
27.8
11.9
2.9
1.3
1.2
3.6
6.9
12.1
3.5
2.7
5.9
409.9
143.7
94.1
49.6
154.4
102.1
52.3
155.0
102.4
52.5
155.8
103.0
52.8
153.9
101.5
52.4
165.1
110.4
54.7
169.9
115.0
55.0
63.5
102.5
64.2
131.3
64.0
127.0
64.3
130.5
64.9
147.7
65.2
141.5
65.5
174.4
29.6
25.5
12.2
28.0
42.0
28.5
18.3
35.5
40.9
27.1
17.2
34.2
40.0
29.6
19.2
36.6
49.5
30.2
20.7
39.0
44.7
26.9
17.2
39.1
53.9
35.8
25.6
45.9
4.9
4.2
-2 .0
55.5
5.4
50.0
8.3
3.3
7.2
1.8
13.7
15.7
5.0
4.0
-1 .9
60.8
5.3
55.5
9.3
3.1
8.7
2.6
15.0
16.8
4.9
4.0
-1 .3
59.6
5.4
54.2
9.0
3.1
8.5
2.8
14.7
16.2
5.0
4.0
-3 .9
62.4
5.4
57.0
9.9
2.6
8.9
3.0
15.3
17.1
5.2
4.1
-.9
61.5
5.3
56.3
9.9
3.1
9.0
2.7
14.9
16.7
10.0
4.7
-1.1
62.4
5.5
56.9
9.5
2.8
8.8
3.6
15.7
16.5
10.2
4.8
-1 .9
66.9
5.9
61.0
9.5
2.9
10.0
3.5
14.4
20.8
144.3
155.3
155.9
156.8
154.9
166.1
170.9
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
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.
2002
2002
II
National defense
consumption
expenditures and gross
investment1.................
Consumption expenditures....
Durable goods2...................
Aircraft...............................
M issiles.............................
Ships..................................
Vehicles.............................
Electronics.........................
Other durable goods........
Nondurable goods...............
Petroleum products.........
Am munition......................
Other nondurable goods..
Services................................
Compensation of general
government employees,
except own-account
investment3..................
M ilita ry..........................
Civilian...........................
Consumption of general
government fixed
capital4..........................
Other services..................
Research and
development............
Installation support......
Weapons support.........
Personnel support.......
Transportation of
material.....................
Travel of persons.........
Other..............................
Gross investment....................
Structures.............................
Equipment and software....
Aircraft...............................
M issiles.............................
S hips..................................
Vehicles.............................
Electronics and softw are.
Other equipment...............
Residual.....................................
Addendum:
Compensation of general
government employees3.
2003
III
IV
I
II
366.0
308.9
24.3
11.2
2.5
1.2
.8
3.4
5.2
9.9
3.4
2.1
4.2
275.1
400.0
337.0
25.3
11.3
2.8
1.3
.8
3.6
5.6
11.4
4.3
2.6
4.5
300.6
395.8
333.9
24.9
11.2
2.6
1.3
.8
3.7
5.5
11.7
4.4
2.7
4.5
297.6
402.5
338.0
26.4
11.6
3.0
1.5
.8
3.9
5.8
11.6
4.5
2.8
4.3
300.5
413.2
349.4
25.2
11.3
3.1
1.2
.9
3.3
5.5
10.8
3.6
2.5
4.6
313.4
409.7
345.4
24.6
10.7
2.7
1.2
.8
4.0
5.4
10.7
3.7
2.2
4.7
310.0
448.9
379.7
27.8
11.7
2.9
1.3
1.0
4.3
6.8
11.2
3.0
2.8
5.5
340.7
121.2
80.7
40.7
123.4
83.7
39.9
123.8
84.0
40.0
124.3
84.5
40.1
123.0
83.3
39.9
125.5
86.3
39.5
129.0
89.9
39.5
62.4
91.7
62.6
114.9
62.5
111.6
62.6
113.8
62.8
128.2
63.1
121.8
63.4
149.1
26.9
23.4
10.7
23.4
37.5
25.6
15.8
28.6
36.7
24.5
14.9
27.6
35.6
26.4
16.6
29.4
43.9
26.7
17.9
31.2
39.4
23.5
14.8
30.9
47.3
30.9
21.9
36.2
4.6
4.1
-1 .7
57.3
4.6
53.0
9.6
3.5
7.1
1.9
15.3
15.5
-.7
4.6
3.9
-1 .6
63.3
4.4
59.5
11.2
3.4
8.5
2.8
17.1
16.5
-1 .3
4.5
3.8
-1.1
62.2
4.5
58.2
10.8
3.4
8.4
2.9
16.7
15.9
-.9
4.5
3.9
-3 .2
65.0
4.4
61.1
11.9
2.9
8.7
3.2
17.5
16.8
-1 .5
4.7
4.0
-.7
63.9
4.3
60.1
11.7
3.4
8.8
2.7
17.2
16.4
-1 .0
9.0
4.6
-.9
64.7
4.5
60.7
11.4
3.0
8.6
3.6
18.2
16.1
-1 .3
9.0
4.6
-1 .5
69.3
4.8
65.0
11.4
3.1
9.7
3.4
16.7
20.2
-.9
121.7
124.1
124.5
125.1
123.8
126.2
129.8
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 addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
line in the addendum.
Chain-type indexes for the series in this table are shown in table 7.12.
See footnotes to table 3.10.
D -1 2
National Data
August 2003
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product
Accounts
Table 4.2. Real Exports and Imports of Goods and Services and Receipts
and Payments of Income
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
Receipts from the rest of
the world.......................
Exports of goods and services
Goods 1.................................
Durable..............................
Nondurable........................
Services1..............................
Income receipts.......................
Payments to the rest of
the w orld......................
Imports of goods and services
G oods1.................................
Durable..............................
Nondurable........................
Services1..............................
Income paym ents....................
Transfer payments (net)..........
From persons (n e t)..............
From government (n et).......
From business......................
Net foreign investment............
III
Seasonally adjusted at annual rates
2003
IV
I
1.351.1 1.292.9 1.294.1 1,325.9 1,309.6 1,313.1
1.034.1 1.014.9 1.018.1 1,038.6 1,025.4 1,031.8
709.4
722.6
733.5
703.6
702.6
711.9
522.4
493.0
499.3
509.5
486.0
485.7
213.1
211.2
210.6
210.0
216.5
226.1
311.3
316.0
322.8
300.6
308.8
319.9
278.0
276.0
287.3
284.2
316.9
281.3
1,351.1 1,292.9 1,294.1 1,325.9 1,309.6 1,313.1
1,383.0 1,438.5 1,443.7 1,471.5 1,501.4 1,519.0
1,167.2 1,192.1 1,202.9 1,220.9 1,242.5 1,256.1
771.1
754.4
781.6
783.8
786.6
769.7
437.2
421.0
421.3
455.9
486.4
412.8
246.4
240.8
250.6
258.9
262.9
215.8
298.2
287.6
296.1
293.4
295.0
291.5
55.7
51.8
55.9
49.8
51.5
62.5
32.3
32.9
32.8
33.4
31.1
31.9
9.7
14.4
14.5
20.1
9.6
10.6
9.2
9.0
9.0
8.7
9.0
9.1
-376.7 -488.9 -497.2 -495.6 -541.0 -559.9
2001
II
1,026.7
710.0
486.5
223.5
316.6
1,537.6
1,279.9
790.1
489.8
257.8
58.0
33.6
15.8
8.5
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.
2002
2002
II
Exports of goods and services
Goods1..................................
Durable..............................
Nondurable........................
Services 1..............................
Income receipts......................
Imports of goods and services
Goods1..................................
Durable..............................
Nondurable.......................
Services 1..............................
Income payments....................
III
2003
IV
I
II
1,076.1 1,058.8 1,065.5 1,077.7 1,061.6 1,058.1 1,049.7
785.2
756.9
765.8
750.3
773.5
753.9
748.9
558.3
529.2
536.3
546.6
521.5
520.3
520.2
226.7
229.3
226.7
228.5
227.5
233.2
228.4
292.0
299.7
301.5
304.0
310.0
303.5
300.3
292.0
253.3
251.8
261.3
257.5
252.5
1,492.0 1,547.4 1,552.9 1,565.7 1,593.8 1,568.4 1,603.3
1,270.5 1,320.1 1,329.2 1,340.3 1,360.8 1,337.4 1,387.1
912.5
865.6
901.4
915.5
921.6
901.9
926.3
402.3
415.5
414.3
421.7
434.5
430.1
453.1
222.4
227.2
224.3
226.0
233.0
230.7
219.8
269.2
260.3
268.2
269.5
264.2
260.4
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified
from goods to services.
Note. Chained (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 addi
tive.
Chain-type quantity indexes for the series in this table are shown in table 7.9.
August 2003
S urvey
of
Table 4.3. Exports and Imports of Goods and Services by Type of Product
[Billions of dollars]
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
2001
2002
2002
II
III
D -1 3
C u r r e n t B u sin e s s
Seasonally adjusted at annual rates
2003
IV
I
2001
II
2002
2002
III
II
Exports of goods and
services......................... 1,034.1 1,014.9 1,018.1 1,038.6 1,025.4 1,031.8 1,026.7
709.4
Exports of goods1..................
733.5
703.6
722.6
702.6
711.9
710.0
49.4
49.5
48.6
49.5
50.3
52.3
51.8
Foods, feeds, and beverages
Industrial supplies and
153.7
155.6
156.3
166.5
166.9
materials............................
155.3
158.0
60.0
Durable goods..................
57.1
56.0
57.2
56.9
56.4
58.8
98.2
97.7
98.4
99.4
101.6
107.7
106.8
Nondurable goods...........
Capital goods, except
294.1
301.7
282.7
281.1
automotive.........................
321.7
291.3
285.0
Civilian aircraft, engines,
56.4
44.1
51.0
50.2
45.8
and parts.......................
52.6
48.1
Computers, peripherals,
38.6
37.8
38.5
36.9
47.6
38.6
38.9
and parts.......................
201.7
205.4
207.5
198.4
200.0
O ther..................................
221.6
198.0
Automotive vehicles,
80.4
82.5
78.7
79.6
75.4
78.5
77.4
engines, and parts...........
Consumer goods, except
84.2
86.0
86.9
automotive.........................
88.3
84.5
85.6
86.9
44.1
45.1
44.1
43.2
44.0
Durable goods..................
46.5
44.3
40.9
40.4
39.9
41.5
43.7
43.0
Nondurable goods...........
41.9
46.7
Other......................................
46.0
46.4
44.7
43.8
43.3
46.1
308.8
316.0
316.6
Exports of services1..............
300.6
311.3
322.8
319.9
Transfers under U.S. military
11.4
11.6
11.1
11.7
12.6
agency sales contracts....
11.2
11.6
71.1
69.3
70.9
75.7
69.3
62.9
Travel......................................
73.1
18.2
16.0
Passenger fares....................
18.0
17.6
16.8
18.6
16.5
27.7
28.4
29.0
28.3
28.1
29.3
29.7
Other transportation............
43.5
38.7
41.6
42.6
42.3
41.1
42.9
Royalties and license fe e s...
119.6
123.2
126.4
Other private services..........
116.6
115.9
120.3
108.1
24.7
26.3
Other......................................
23.2
25.0
25.6
26.3
26.6
Imports of goods and
services......................... 1,383.0 1,438.5 1,443.7 1,471.5 1,501.4 1,519.0 1,537.6
1,167.2 1,192.1 1,202.9 1,220.9 1,242.5 1,256.1 1,279.9
Imports of goods'..................
49.4
50.4
54.4
55.3
Foods, feeds, and beverages
46.6
49.8
52.0
Industrial supplies and
materials, except
160.2
159.0
163.5
168.7
177.2
177.8
petroleum and products..
164.8
82.2
81.2
81.0
79.5
84.9
82.8
Durable goods..................
80.0
79.1
79.5
81.3
83.9
94.4
96.6
84.8
Nondurable goods...........
110.7
129.4
103.4
108.1
117.9
136.3
Petroleum and products
103.6
Capital goods, except
288.4
285.3
282.8
291.9
298.0
284.0
284.9
automotive.........................
Civilian aircraft, engines,
22.2
23.7
23.9
31.4
25.7
24.9
26.6
and parts........................
Computers, peripherals,
75.4
74.7
74.4
73.1
74.0
75.3
76.6
and parts........................
188.4
192.6
O ther..................................
183.0
186.9
183.9
186.0
192.6
Automotive vehicles,
206.5
204.0
207.5
210.0
208.1
203.2
engines, and parts...........
189.8
Consumer goods, except
333.8
307.6
307.2
315.0
322.9
327.5
284.5
automotive.........................
163.2
167.9
146.7
160.5
164.5
164.8
163.5
Durable goods..................
165.9
147.1
142.7
151.8
158.1
164.0
137.8
Nondurable goods...........
83.2
86.0
74.7
85.2
Other......................................
83.2
88.0
79.9
246.4
250.6
262.9
257.8
215.8
240.8
258.9
Imports of services1..............
19.4
18.4
22.0
22.8
Direct defense expenditures
15.2
18.8
19.9
59.2
61.4
63.0
57.0
60.1
61.3
65.8
Travel......................................
20.6
21.9
22.0
20.5
22.4
21.6
23.3
Passenger fares....................
43.7
39.6
39.5
41.4
43.6
Other transportation............
38.8
39.1
16.4
18.0
19.2
17.2
18.5
18.8
Royalties and license fees...
18.3
76.4
80.4
84.8
86.0
Other private services..........
54.6
78.5
82.5
8.7
8.7
8.6
9.0
9.0
Other......................................
8.3
8.8
Addenda:
Exports of agricultural
54.1
53.4
57.3
57.3
54.5
55.3
go ods2..............................
54.9
Exports of nonagricultural
652.8
649.1
655.3
669.1
647.3
654.6
678.6
goods ................................
Imports of nonpetroleum
go ods................................ I 1,063.6 1,088.8 1,094.7 1,110.2 1,124.5 1,119.8 1,150.5
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.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondu
rable nonautomotive consumer goods.
Exports of goods and
services.........................
Exports of goods1...................
Foods, feeds, and beverages
Industrial supplies and
materials............................
Durable goods..................
Nondurable goods...........
Capital goods, except
autom otive.......................
Civilian aircraft, engines,
and parts.......................
Computers, peripherals,
and parts * ....................
O ther..................................
Automotive vehicles,
engines, and parts...........
Consumer goods, except
autom otive.......................
Durable goods..................
Nondurable goods...........
Other......................................
Exports of services 1...............
Transfers under U.S. military
agency sales contracts....
Travel.....................................
Passenger fares....................
Other transportation............
Royalties and license fees...
Other private services
Other......................................
Residual.....................................
Imports of goods and
services.........................
Imports of goods'...................
Foods, feeds, and beverages
Industrial supplies and
materials, except
petroleum and products..
Durable goods..................
Nondurable goods...........
Petroleum and products
Capital goods, except
autom otive.......................
Civilian aircraft, engines,
and parts.......................
Computers, peripherals,
and parts * ....................
O ther..................................
Automotive vehicles,
engines, and parts...........
Consumer goods, except
autom otive.......................
Durable goods..................
Nondurable goods...........
Other......................................
Imports of services 1...............
Direct defense expenditures
Travel.....................................
Passenger fares....................
Other transportation............
Royalties and license fees...
Other private services
Other......................................
Residual.....................................
Addenda:
Exports of agricultural
goods2..............................
Exports of nonagricultural
goods................................
Imports of nonpetroleum
goods................................
2003
IV
I
II
1,076.1 1,058.8 1,065.5 1,077.7 1,061.6 1,058.1 1,049.7
750.3
748.9
785.2
756.9
765.8
773.5
753.9
59.4
59.6
61.7
59.6
61.3
62.3
60.9
162.2
61.7
100.4
162.8
60.5
102.2
165.8
62.0
103.6
163.1
60.9
101.9
163.9
60.4
103.3
167.0
61.9
104.9
165.9
62.4
103.4
355.8
324.8
327.7
336.8
318.6
316.7
315.1
44.8
42.2
41.7
46.6
39.3
37.1
35.4
66.3
215.7
65.1
217.6
62.5
220.1
75.4
238.6
64.4
219.1
63.8
222.9
63.6
225.5
73.4
76.1
78.1
79.9
74.7
75.8
76.6
87.9
46.0
41.9
44.5
292.0
84.6
43.9
40.7
47.3
301.5
84.5
44.2
40.3
47.9
299.7
86.0
44.8
41.2
47.7
304.0
85.6
43.9
41.7
47.0
310.0
86.7
42.9
43.8
45.1
303.5
86.6
43.5
43.1
43.9
300.3
11.5
65.5
17.0
26.6
35.6
119.1
19.3
-7 .5
11.8
64.4
16.1
26.4
37.8
126.8
21.2
-3 .0
12.1
62.7
15.8
26.2
38.8
126.4
20.9
-3.2
11.6
64.2
15.8
26.3
38.4
129.3
21.7
-1.1
12.0
68.1
16.9
26.8
37.2
129.6
22.4
-3 .3
12.0
62,2
14.3
26.0
38.4
131.9
22.5
-5.1
12.9
56.6
13.5
26.4
38.7
134.1
22.4
-5 .4
1,492.0 1,547.4 1,552.9 1,565.7 1,593.8 1,568.4 1,603.3
1,270.5 1,320.1 1,329.2 1,340.3 1,360.8 1,337.4 1,387.1
55.7
57.4
58.1
54.6
55.0
51.7
54.6
160.9
81.0
79.7
89.2
166.7
85.2
81.3
86.7
165.1
83.3
81.6
88.6
169.1
85.9
83.0
85.5
171.9
89.0
82.7
90.2
168.8
86.7
81.9
87.3
171.9
84.9
86.2
96.3
400.0
393.2
398.2
394.9
397.6
394.9
408.7
27.3
21.9
21.4
18.9
22.6
20.1
20.0
138.4
236.6
152.3
229.5
153.0
234.5
151.3
236.2
154.3
231.3
153.5
233.2
161.5
240.8
186.7
200.1
203.8
205.9
203.4
198.8
201.6
298.9
159.6
139.4
79.8
222.4
17.5
63.5
17.7
33.6
15.0
69.8
8.0
-2 .5
326.6
177.5
149.4
83.8
227.2
20.9
61.9
16.2
35.1
16.7
70.4
8.3
-4 .4
326.4
181.7
145.4
84.0
224.3
21.0
60.9
15.7
35.9
16.4
68.4
8.2
-5.5
334.4
180.6
154.0
86.6
226.0
20.6
60.0
15.5
35.1
17.5
71.2
8.2
-5 .3
343.2
183.1
160.2
88.1
233.0
20.8
63.6
17.6
36.1
15.5
73.0
8.2
-1.6
348.6
182.1
166.3
73.8
230.7
21.5
58.5
16.6
36.6
16.6
74.5
8.2
-5 .2
355.1
187.2
167.8
84.1
219.8
21.5
50.2
15.1
34.9
16.8
75.2
8.0
-6 .9
70.5
68.8
70.3
65.8
66.9
68.8
67.6
714.9
688.5
696.0
707.4
683.5
685.4
681.5
1,177.1
1,229.8
1,236.5
1,252.3
1,266.4
1,246.9
1,283.9
* The chained-dollar estimates for computers can be used to accurately measure the real growth rate of this
component. However, for computers, or for other components that exhibit rapid changes in prices relative to
other prices in the economy, the chained-dollar estimates should not be used to measure the component's rela
tive importance or its contribution to the growth rate of more aggregate series.
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 addi
tive. For exports and for imports, the residual line is the difference between the aggregate line and the sum of the
most detailed lines.
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.
D -14
National Data
August 2003
5. Saving and Investment.
Table 5.1. Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Gross saving......................................................................................................................................
Gross private saving.................................................................................................................................
Personal saving......................................................................................................................................
Undistributed corporate profits with inventory valuation and capital consumption adjustments
Undistributed profits..........................................................................................................................
Inventory valuation adjustm ent.......................................................................................................
Capital consumption adjustment.....................................................................................................
Corporate consumption of fixed capital..............................................................................................
Noncorporate consumption of fixed capital.......................................................................................
Wage accruals less disbursements.....................................................................................................
Gross government saving........................................................................................................................
Federal......................................................................................................................................................
Consumption of fixed capital...........................................................................................................
Current surplus or deficit (-), national income and product accounts......................................
State and local........................................................................................................................................
Consumption of fixed capital...........................................................................................................
Current surplus or deficit (-), national income and product accounts......................................
Gross investment..............................................................................................................................
Gross private domestic investment.........................................................................................................
Gross government investment.................................................................................................................
Net foreign investment..............................................................................................................................
Statistical discrepancy....................................................................................................................
Addendum:
Gross saving as a percentage of gross national product.................................................................
2001
2002
1,662.4
1,399.3
169.7
122.7
61.2
5.0
56.5
789.1
317.7
.0
263.1
170.7
98.7
72.0
92.4
123.7
-31.3
1,545.1
1,586.0
335.8
-376.7
-117.3
1.565.1
1,589.6
285.8
139.9
17.6
-6 .9
129.1
827.5
336.4
.0
-2 4.5
1.604.0
1.616.1
314.3
140.5
13.5
-5 .7
132.8
826.1
335.1
.0
100.2
16.5
2003
2002
75.7
127.7
-52.0
1.456.2
1.593.2
351.9
-488.9
-108.8
-94.3
101.3
-195.6
82.2
127.3
-45.1
1.439.0
1.588.0
348.2
-497.2
-165.0
1,535.5
1.570.2
276.9
118.6
16.1
-15.1
117.6
836.1
338.7
.0
-3 4 .7
-108.3
102.2
-210.5
73.6
128.3
-54.7
1,453.4
1.597.3
351.7
-495.6
-82.1
1,517.5
1,593.8
281.8
129.4
28.2
-8.5
109.7
839.3
343.3
.0
-7 6 .2
-153.0
103.6
-256.6
76.7
129.1
-52.4
1,439.3
1,628.1
352.2
-541.0
-7 8 .2
1.496.2
1,602.9
290.0
127.0
38.6
-26.9
115.3
837.6
348.3
.0
-106.7
-170.6
104.7
-275.3
63.9
130.8
-66.9
1,404.8
1.611.2
353.6
-559.9
-9 1 .4
15.0
15.5
14.6
14.3
14.0
-
101.9
-
202.1
-
12.1
270.6
199.4
831.8
347.7
.0
105.8
"131.6
1,611.5
355.3
Table 5.4. Private Fixed Investment by Type
Table 5.5. Real Private Fixed Investment by Type
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
Private fixed investment.
Nonresidential..........................
Structures.............................
Nonresidential buildings,
including farm ...............
U tilities..............................
Mining exploration, shafts,
and wells.......................
Other structures...............
Equipment and software....
Information processing
equipment and software
Computers and
peripheral
equipm ent1..............
Software2.....................
Other..............................
Industrial equipment........
Transportation equipment
O ther..................................
Residential...............................
Structures.............................
Single fam ily.....................
Multifamily.........................
Other structures...............
Equipment............................
1,646.3 1,589.3 1,584.6
1,201.6 1,117.4 1,115.8
324.5
275.2
269.3
III
Seasonally adjusted at annual rates
2003
IV
I
2001
II
1,579.7 1,603.6 1,610.7 1,630.7
1,109.8 1,117.1 1,103.4 1,117.3
259.4
254.9
254.2
257.0
216.3
55.0
179.2
53.1
182.3
53.9
171.1
51.5
170.9
50.6
171.3
49.4
171.7
48.3
42.7
10.5
877.1
30.6
6.4
848.1
31.7
7.3
840.7
31.0
5.8
850.4
27.3
5.4
863.0
29.2
4.9
848.6
31.8
5.2
860.3
404.3
399.7
397.1
406.9
406.3
411.8
424.6
74.2
180.4
149.8
159.0
165.8
148.0
444.8
435.4
232.1
30.7
172.7
9.3
74.2
182.8
142.7
152.2
148.9
147.4
471.9
462.4
247.0
33.6
181.8
9.6
72.8
181.0
143.3
150.5
145.2
148.0
468.7
459.2
244.3
34.2
180.7
9.6
76.8
186.3
143.8
153.3
141.7
148.5
469.9
460.4
245.3
33.4
181.7
9.5
75.4
186.7
144.2
151.5
154.5
150.8
486.5
476.9
257.4
32.4
187.1
9.6
76.3
187.0
148.5
149.8
138.5
148.4
507.3
497.7
273.8
35.7
188.2
9.6
82.6
188.7
153.4
150.3
134.8
150.6
513.3
503.5
272.1
36.0
195.5
9.8
2002
2002
II
Private fixed investment
Nonresidential........................
Structures.............................
Nonresidential buildings,
including farm ...............
U tilities..............................
Mining exploration, shafts,
and wells.......................
Other structures..............
Equipment and software....
Information processing
equipment and software
Computers and
peripheral
equipm ent1..............
Software2......................
Other..............................
Industrial equipm ent.......
Transportation equipment
O ther..................................
Residential...............................
Structures.............................
Single fam ily.....................
M ultifam ily.......................
Other structures...............
Equipment............................
Residual.....................................
III
2003
IV
I
II
1,627.4 1,577.3 1,572.6 1,571.6 1,588.5 1,587.9 1,613.4
1,255.1 1,183.4 1,181.1 1,178.7 1,185.3 1,172.1 1,191.7
226.4
270.9
231.7
218.2
212.6
211.0
213.5
178.7
50.3
145.6
47.3
148.2
48.4
139.1
45.6
137.8
44.6
136.5
43.2
137.2
41.8
34.0
9.3
988.2
29.2
5.5
971.1
30.3
6.3
961.4
29.9
5.0
977.2
26.5
4.6
992.1
28.4
4.2
979.9
31.7
4.4
997.6
548.5
563.1
557.0
575.2
579.7
594.5
617.1
239.9
182.0
163.9
153.8
163.6
140.7
373.5
364.0
192.6
24.4
146.9
9.5
-62.2
283.7
185.7
158.2
146.9
147.0
139.3
388.2
378.5
200.5
26.3
151.6
9.7
-99.2
271.6
184.3
158.5
145.6
143.4
140.1
386.1
376.4
198.4
26.8
151.0
9.7
-90.0
297.6
189.4
159.7
147.9
141.7
140.3
387.1
377.4
199.8
26.2
151.3
9.7
303.2
190.3
160.7
145.9
151.4
142.3
395.9
386.1
206.5
25.1
154.4
9.8
-114.6
319.1
192.5
165.3
143.9
135.8
139.6
405.5
395.6
214.7
27.0
153.5
9.9
-125.7
355.5
194.5
171.1
144.1
133.6
141.2
411.5
401.2
214.7
27.4
158.9
10.3
-153.0
-111.6
1. Includes new computers and eripheral equipmento nly.
1. Includes new computers and peripheral equipment only. The chained-dollar estimates for computers can be
used to accurately measure the real growth rate of this component. However, for computers, or for other compo
nents that exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates
should not be used to measure the component's relative importance or its contribution to the growth rate of more
aggregate series; accurate estimates of these contributions are shown in table 8.4.
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 addi
tive. 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.
August 2003
S urvey
D-15
C u r r e n t B u sin e s s
of
Table 5.1 OB. Change in Private Inventories by Industry
Table 5.11B. Real Change in Private Inventories by Industry
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2002
2002
II
Change in private
inventories...................
Farm............................................
Construction, mining, and
u tilitie s...................................
Manufacturing...........................
Durable goods industries....
Nondurable goods industries
Wholesale trad e........................
Durable goods industries....
Nondurable goods industries
Retail trade................................
Motor vehicle dealers
Food and beverage stores...
General merchandise stores
Other retail stores.................
Other industries.......................
Addenda:
Change in private inventories
Durable goods industries.
Nondurable goods
industries......................
Nonfarm industries...............
Nonfarm change in book
va lu e1...........................
Nonfarm inventory
valuation adjustm ent2.
Wholesale trade....................
Merchant wholesale trade
Durable goods
industries..................
Nondurable goods
industries..................
Nonmerchant wholesale
tra d e ..............................
2001
2003
III
IV
I
II
II
-6 0 .3
1.6
3.9
.5
3.4
.4
17.6
-2 .3
24.5
-1.5
.4
.5
-1 9.2
-1.1
7.6
-35.9
-29.3
-6 .5
-15.6
-19.7
4.0
-20.7
-15.5
.6
-.5
-5 .3
2.7
-.9
-11.3
-11.3
.0
-3.7
-3 .4
-.3
16.8
10.4
-.1
1.3
5.3
2.5
-1.1
-14.2
-14.9
.6
-9 .0
-7 .4
-1 .6
22.2
15.4
.1
.0
6.8
5.1
-2 .5
-2 .7
-10.2
7.6
7.1
6.1
.9
15.6
4.6
1.7
2.6
6.6
2.3
-1 .7
2.8
5.4
-2 .6
6.6
3.7
2.9
15.7
7.8
-.1
7.1
1.0
2.5
-14.2
-6.1
-9 .6
3.5
-3.1
1.7
-4 .7
21.9
15.6
.5
1.1
4.7
1.4
-9 .3
-10.9
-13.2
2.2
-7.2
-5 .6
-1 .6
6.9
6.4
.2
.3
.0
2.6
-60.3
-65.0
3.9
1.1
3.4
-4 .8
17.6
4.8
24.5
24.5
.4
11.6
-19.2
-13.6
4.7
-61.9
2.8
3.4
8.2
3.0
12.7
19.8
-.1
26.0
-11.2
-.1
-5.6
-18.1
-75.5
14.1
13.4
38.1
41.9
45.4
-21.1
13.6
-15.6
-12.6
-10.7
-3.7
-4 .2
-10.4
-9 .0
-8 .4
-18.2
7.1
3.9
-15.9
6.6
4.0
-45.5
-3.1
.7
3.0
-7.2
-6.7
-16.8
-3 .9
-7.1
3.8
1.9
4.8
-4 .6
4.2
-.3
-1.3
.1
2.0
-4 .0
-2.1
-3.1
.5
-.6
3.2
2.7
-3 .8
-.6
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) under
lying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
2002
2002
Change in private
inventories...................
Farm ..........................................
Construction, mining, and
u tilitie s...................................
Manufacturing...........................
Durable goods industries....
Nondurable goods industries
Wholesale trad e .......................
Durable goods industries....
Nondurable goods industries
Retail trade................................
Motor vehicle dealers
Food and beverage stores...
General merchandise stores
Other retail stores.................
Other industries.......................
Residual.....................................
Addenda:
Change in private inventories
Durable goods industries
Nondurable goods
industries......................
Nonfarm industries.............
Wholesale trade....................
Merchant wholesale trade
Durable goods
industries..................
Nondurable goods
industries..................
Nonmerchant wholesale
trade..............................
2003
III
IV
I
II
-6 1 .4
2.0
5.2
1.1
4.9
.8
18.8
-2 .2
25.8
-.8
4.8
1.0
-1 7 .9
-.8
6.4
-36.2
-30.1
-6 .3
-16.5
-21.8
4.3
-20.3
-15.5
.5
-.4
-5 .2
2.6
2.1
-.7
-11.5
-11.4
-.1
-3 .4
-3 .6
.0
16.6
10.5
-.1
1.3
5.2
2.5
.5
-1 .0
-14.1
-15.0
.8
-8 .7
-7.7
-1.3
22.0
15.6
.1
.0
6.7
5.0
.9
-2 .3
-2 .6
-10.3
7.4
7.9
6.5
1.6
15.5
4.7
1.6
2.6
6.6
2.3
.3
-1.1
2.8
5.5
-2.5
7.0
3.8
3.1
15.2
7.8
-.1
6.8
1.0
2.5
-.2
-9 .9
-6.1
-9.8
3.4
-2 .2
2.1
-3 .8
21.8
16.0
.4
1.1
4.9
1.4
-2 .0
-7.3
-10.8
-13.4
2.1
-7 .0
-5 .9
-1 .3
6.7
6.5
.2
.3
.0
2.5
-.8
-61.4
-67.9
5.2
1.4
4.9
-4 .4
18.8
5.0
25.8
25.1
4.8
12.2
-17.9
-13.9
4.8
-63.2
-16.5
-13.3
3.8
4.1
-3 .4
-3 .9
9.0
4.2
-8.7
-8.2
13.6
20.8
7.9
4.6
1.4
26.5
7.0
4.2
-6 .7
3.8
-2 .2
1.8
-4 .4
-17.0
-7 .0
-6 .4
-18.7
-4.1
-7 .5
4.0
1.9
5.5
-4 .7
4.5
.0
-.9
.8
2.3
-3.2
-1 .8
-3 .2
.5
-.6
3.2
2.7
GIO
2001
-.6
Note. Estimates in this table are based on the North American Industry Classification System (NAICS). 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 annual
rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corre
sponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line
and the sum of the most detailed lines.
D -1 6
National Data
Table 5.12B. Private Inventories and Domestic Final Sales by Industry
[Billions of dollars]
II
III
Table 5.13B. Real Private Inventories and Real Domestic Final Sales by
Industry
[Billions of chained (1996) dollars]
Seasonally adjusted quarterly totals
2002
August 2003
Seasonally adjusted quarterly totals
2003
IV
I
2002
II
II
Private inventories1.............................
Farm.................................................................
Construction, mining, and u tilitie s.............
Manufacturing................................................
Durable goods industries.........................
Nondurable goods industries..................
Wholesale tra d e .............................................
Durable goods industries.........................
Nondurable goods industries..................
Retail trade......................................................
Motor vehicle dealers...............................
Food and beverage stores........................
General merchandise stores....................
Other retail stores......................................
Other industries.............................................
Addenda:
Private inventories.....................................
Durable goods industries.....................
Nondurable goods industries...............
Nonfarm industries....................................
Wholesale trade.........................................
Merchant wholesale trade....................
Durable goods industries.................
Nondurable goods industries..........
Nonmerchant wholesale tra d e ............
Final sales of domestic business2....
Final sales of goods and structures of
domestic business2.........................
Ratios 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............................
1,438.1
104.0
41.9
445.7
273.2
172.5
335.1
193.6
141.6
398.0
124.5
32.9
62.7
177.9
113.4
1,446.9
100.1
41.3
447.9
270.2
177.7
341.2
195.1
146.1
402.3
125.1
33.4
63.3
180.4
114.1
1,462.9
106.6
43.6
449.1
271.1
178.0
342.4
196.0
146.4
406.3
126.0
33.5
65.4
181.4
115.1
1,488.9
108.5
45.6
455.0
270.2
184.8
347.3
197.4
149.9
414.9
131.0
33.9
65.8
184.2
117.6
1,480.7
110.7
42.6
451.7
267.5
184.2
343.1
195.6
147.5
414.9
131.5
34.2
66.0
183.2
117.7
1,438.1
672.3
765.8
1,334.1
335.1
287.5
166.6
120.9
47.6
724.7
1,446.9
672.9
774.0
1,346.8
341.2
292.1
167.6
124.5
49.1
732.6
1,462.9
677.2
785.7
1,356.4
342.4
292.6
168.0
124.6
49.8
737.2
1,488.9
683.9
805.1
1,380.4
347.3
296.4
170.0
126.3
51.0
744.8
1,480.7
679.9
800.8
1,370.0
343.1
293.8
168.6
125.2
49.3
752.9
382.7
386.6
386.1
391.2
392.8
1.98
1.84
1.98
1.84
1.98
1.84
2.00
1.85
1.97
1.82
3.49
3.48
3.51
3.53
3.49
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. 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.
N ote. Estimates in this table are based on the North American Industry Classification System (NAICS).
Private inventories1............................
Farm ................................................................
Construction, mining, and utilities.............
Manufacturing................................................
Durable goods industries.........................
Nondurable goods industries..................
Wholesale trade.............................................
Durable goods industries.........................
Nondurable goods industries..................
Retail trade......................................................
Motor vehicle dealers...............................
Food and beverage stores........................
General merchandise stores....................
Other retail stores......................................
Other industries.............................................
Residual..........................................................
Addenda:
Private inventories.....................................
Durable goods industries....................
Nondurable goods industries.............
Nonfarm industries...................................
Wholesale trade.........................................
Merchant wholesale trade....................
Durable goods industries.................
Nondurable goods industries..........
Nonmerchant wholesale trad e ............
Final sales of domestic business2....
Final sales of goods and structures of
domestic business2.........................
Ratios 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...........................
III
2003
IV
I
II
1,452.7
107.8
40.2
448.1
276.5
171.5
350.4
211.2
138.1
390.2
126.3
30.1
61.1
172.8
113.7
3.4
1,457.4
107.2
39.6
447.5
273.9
173.3
352.4
212.8
138.5
394.1
127.5
30.5
61.7
174.4
114.3
3.7
1,463.9
107.1
39.3
448.2
275.3
172.7
354.2
213.8
139.3
397.9
129.4
30.4
63.4
174.7
114.9
3.6
1,465.1
107.3
36.8
446.7
272.9
173.6
353.6
214.3
138.3
403.4
133.4
30.5
63.7
175.9
115.2
3.2
1,460.6
107.1
35.0
444.0
269.5
174.1
351.9
212.8
138.0
405.0
135.1
30.6
63.7
175.9
115.9
2.9
1,452.7
695.4
754.6
1,344.1
350.4
302.3
182.1
119.2
48.2
664.6
1,457.4
696.6
758.0
1,349.3
352.4
303.5
183.1
119.4
49.0
670.6
1,463.9
702.9
758.3
1,355.9
354.2
304.5
183.6
120.0
49.6
672.0
1,465.1
706.0
756.7
1,356.9
353.6
305.0
184.9
119.2
48.7
676.0
1,460.6
702.5
755.6
1,352.6
351.9
303.4
183.8
118.7
48.6
681.9
369.2
373.3
372.0
376.1
378.3
2.19
2.02
2.17
2.01
2.18
2.02
2.17
2.01
2.14
1.98
3.64
3.61
3.64
3.61
3.58
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. 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. Estimates in this table are based on the North American Industry Classification System (NAICS). 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-ofyear 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 corre
sponding 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 2003
S urvey
of
D -1 7
C u r r e n t B u sin e s s
6. Income and Employment by Industry
Table 6.1C. National Income Without Capital Consumption Adjustment by
Industry Group
Table 6.16C. Corporate Profits by Industry Group
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
National income without
capital consumption
adjustm ent...................
Domestic industries................
Private industries................
Agriculture, forestry, and
fishing............................
M in in g ...............................
Construction.....................
Manufacturing..................
Durable go o d s.............
Nondurable go ods.......
Transportation and public
utilities...........................
Transportation...............
Communications..........
Electric, gas, and
sanitary services......
Wholesale trade................
Retail trade........................
Finance, insurance, and
real estate.....................
Services.............................
Government..........................
Rest of the w o rld .....................
2002
8.053.5 8.174.8 8.158.0 8,196.8 8.270.6 8,364.9
8.031.5 8.184.4 8.178.1 8.207.7 8.279.8 8.375.1
6,969.4 7.068.4 7.067.0 7,086.4 7.149.6 7.225.0
628.4
493.8
102.8
57.5
440.6
1,126.8
634.2
492.6
108.0
57.5
442.5
1.131.3
634.5
496.8
110.6
63.2
445.6
1.137.8
634.6
503.2
449.4
1.154.3
638.1
516.3
529.9
236.6
148.4
514.3
236.2
136.8
514.3
233.8
135.9
512.2
237.7
134.7
522.3
242.2
136.9
523.0
239.2
136.7
144.9
458.4
686.1
141.3
465.8
702.8
144.6
463.9
705.5
139.8
464.9
707.7
143.2
477.1
702.9
147.1
471.2
706.6
111.1
109.5
59.1
442.0
69.5
438.9
1,132.2
640.5
491.8
1 , 122.2
114.5
66.6
1,571.1 1.635.8 1.649.0 1.639.7 1.641.2 1.662.4
1.972.0 2.016.8 2,006.6 2 , 022.6 2.048.9 2.077.0
1.062.1 1,116.0 1 111.1 1.121.3 1.130.2 1.150.2
-9 .6
- 20.0
-1 0 .9
-9 .2
- 10.2
21.9
.
Note. Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
2001
2003
2002
2002
2003
2002
Corporate profits with
inventory valuation and
capital consumption
adjustm ents.................
Domestic industries................
Financial................................
Nonfinancial..........................
Rest of the w o rld .....................
Receipts from the rest of the
w o rld ..................................
Less: Payments to the rest of
the w o rld ...........................
Corporate profits with
inventory valuation
adjustm ent...................
Domestic industries................
Financial................................
Federal Reserve banks.....
O ther..................................
Nonfinancial..........................
Manufacturing..................
Durable goods.............
Primary metal
industries.............
Fabricated metal
products................
Industrial machinery
and equipm ent....
Electronic and other
electric equipment
Motor vehicles and
equipm ent............
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.......................
O ther..................................
Rest of the w o rld .....................
209.7
458.4
119.3
785.0
669.9
210.7
459.3
115.1
771.0
654.9
207.3
447.6
116.1
796.1
682.0
207.6
474.4
114.1
816.5
710.0
223.5
486.5
106.5
172.4
177.0
173.4
185.9
187.3
193.0
21.6
57.7
58.3
69.7
73.3
86.6
675.1
524.4
190.6
27.9
162.8
333.7
83.4
9.9
658.3
539.0
217.3
22.8
194.5
321.7
92.6
17.0
652.2
537.1
218.5
23.9
194.6
318.6
91.9
17.8
653.4
537.3
216.1
22.9
193.2
321.2
100.5
22.8
686.4
572.3
216.5
21.2
195.2
355.8
108.9
24.6
701.2
594.7
230.3
20.9
209.4
364.4
122.0
28.0
2.6
731.6
580.9
173.5
407.4
150.8
787.4
668.1
-1 .6
1.2
1.3
2.6
9.0
5.8
5.8
4.7
7.3
6.0
-.6
-2 .5
-2 .9
-.1
-2 .2
-.6
-3 .2
.7
-.9
4.0
6.1
-9 .4
15.7
73.5
-7 .6
19.4
75.6
-4 .4
20.0
74.1
-6 .6
19.5
77.6
-7 .7
18.5
84.3
3.3
7.8
94.0
16.6
20.1
19.2
21.0
21.1
22.8
15.2
16.9
16.7
17.0
18.9
20.9
25.7
16.0
16.9
21.8
15.4
22.8
17.4
22.3
20.7
23.7
36.5
13.9
27.7
1.2
-5 .8
16.7
.3
-11.7
17.1
-1 .7
-12.7
13.2
-.3
-13.1
21.5
3.6
-
11.8
20.1
-1 .5
-11.3
32.2
44.8
79.1
98.8
150.8
28.1
47.3
81.2
83.9
119.3
31.4
44.8
86.0
78.9
115.1
26.5
44.5
82.5
80.6
116.1
29.6
58.9
75.1
91.5
114.1
33.0
51.4
74.8
96.1
106.5
N ote. Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 2003
National Data
D-18
7. Quantity and Price Indexes
Table 7.1. Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
Gross domestic product:
Current dollars.................................
Chain-type quantity index.............
Chain-type price inde x...................
Implicit price deflator.....................
Personal consumption expenditures:
Current dollars........................................
Chain-type quantity index......................
Chain-type price index............................
Implicit price deflator.............................
Durable goods:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index........................
Implicit price deflator..........................
Nondurable goods:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index........................
Implicit price deflator..........................
Services:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index........................
Implicit price deflator..........................
Gross private domestic investment:
Current dollars........................................
Chain-type quantity index......................
Chain-type price index............................
Implicit price deflator.............................
Fixed investment:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index........................
Implicit price deflator..........................
Nonresidential:
Current dollars................................
Chain-type quantity index.............
Chain-type price index...................
Implicit price deflator.....................
Structures:
Current dollars............................
Chain-type quantity index..........
Chain-type price index................
Implicit price deflator.................
Equipment and software:
Current dollars............................
Chain-type quantity index.
Chain-type price index................
Implicit price deflator.................
Residential:
Current dollars.................................
Chain-type quantity inde x.............
Chain-type price index...................
Implicit price deflator.....................
2002
2002
2003
2001
II
III
IV
I
II
129.04
117.94
109.42
109.42
133.70
120.82
110.66
110.66
132.81
120.21
110.48
110.48
134.47
121.41
110.76
110.76
135.53
121.82
111.25
111.25
136.80
122.26
111.90
111.90
137.94
122.97
112.17
112.17
133.40
121.76
109.56
109.56
139.45
125.56
111.06
111.07
138.51
124.92
110.89
110.89
140.54
126.20
111.36
111.36
141.77
126.74
111.87
111.86
143.44
127.37
112.62
112.62
144.94
128.42
112.86
112.86
135.60 141.43 139.01 145.63 141.76 139.70 145.59
151.16 162.19 159.08 167.47 163.92 163.08 171.61
89.70 87.19 87.36 86.94 86.46 85.64 84.82
89.70 87.20 87.38 86.96 86.48 85.66 84.84
129.68
118.79
109.17
109.17
134.37
122.58
109.61
109.62
133.93
122.03
109.75
109.75
134.49
122.35
109.92
109.92
136.59
123.88
110.25
110.26
140.20
125.72
111.51
111.51
139.54
125.74
110.97
110.97
134.88
117.98
114.32
114.32
141.68
120.63
117.44
117.45
140.78
120.32
117.00
117.00
142.63
121.01
117.88
117.88
144.46
121.66
118.74
118.74
145.87
121.92
119.64
119.64
147.60
122.38
120.61
120.60
127.62
126.71
100.76
100.73
128.21
127.92
100.23
100.23
127.78 128.54 131.02 129.65 129.68
127.46 128.59 130.56 128.78 129.20
100.24 99.96 100.37 100.69 100.37
100.25 99.96 100.35 100.67 100.37
135.76
134.20
101.16
101.16
131.06
130.06
100.76
100.76
130.66
129.68
100.76
100.76
130.27
129.60
100.52
100.52
132.24
130.99
100.95
100.96
132.82
130.94
101.44
101.44
134.47
133.04
101.07
101.07
133.59 124.23 124.06 123.39 124.20 122.68 124.23
139.55 131.57 131.32 131.05 131.79 130.32 132.49
95.73 94.43 94.48 94.17 94.25 94.15 93.77
95.73 94.42 94.47 94.16 94.25 94.14 93.76
144.22
120.43
119.76
119.76
119.68
100.62
118.95
118.94
122.30 115.29 112.97 113.29 114.24
102.97 96.97 94.47 93.79 94.90
118.77 118.89 119.57 120.79 120.37
118.78 118.90 119.57 120.79 120.38
130.05 125.75 124.65 126.09 127.95 125.81 127.56
146.51 143.98 142.55 144.88 147.09 145.28 147.92
88.76 87.36 87.46 87.04 87.00 86.61 86.25
88.76 87.34 87.44 87.03 86.99 86.60 86.24
141.98
119.22
119.09
119.09
150.65
123.92
121.57
121.58
149.63
123.25
121.40
121.40
150.01
123.59
121.38
121.38
155.30
126.39
122.88
122.88
161.94
129.45
125.10
125.10
163.87
131.35
124.76
124.76
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-
2002
2002
II
Exports of goods and services:
Current d o lla rs .......................................
Chain-type quantity inde x.....................
Chain-type price in d e x ..........................
Implicit price d e fla to r............................
Exports of goods:
Current dollars ...................................
Chain-type quantity in d e x.................
Chain-type price inde x.......................
Implicit price d e fla to r........................
Exports of services:
Current d o lla rs ...................................
Chain-type quantity in d e x .................
Chain-type price in d e x.......................
Implicit price d e fla to r........................
Imports of goods and services:
Current d o lla rs .......................................
Chain-type quantity inde x.....................
Chain-type price in d e x ..........................
Implicit price d e fla to r............................
Imports of goods:
Current dollars ...................................
Chain-type quantity in d e x.................
Chain-type price in d e x.......................
Implicit price d e fla to r........................
Imports of services:
Current d o lla rs ...................................
Chain-type quantity in d e x.................
Chain-type price inde x.......................
Implicit price d e fla to r.......................
Government consumption expenditures
and gross investment:
Current d o lla rs .......................................
Chain-type quantity inde x.....................
Chain-type price in d e x ..........................
Implicit price d e fla to r............................
Federal:
Current d o lla rs ...................................
Chain-type quantity in d e x .................
Chain-type price inde x......................
Implicit price d e fla to r.......................
National defense:
Current d o lla rs ...............................
Chain-type quantity in d e x ............
Chain-type price in d e x ..................
Implicit price deflator....................
Nondefense:
Current d o lla rs ...............................
Chain-type quantity in d e x ............
Chain-type price in d e x ..................
Implicit price de flator....................
State and local:
Current dollars ...................................
Chain-type quantity in d e x.................
Chain-type price in d e x......................
Implicit price d e fla to r........................
III
2003
IV
I
II
118.30 116.10 116.47 118.81 117.30 118.03 117.45
123.10 121.13 121.89 123.28 121.44 121.04 120.09
96.10 95.87 95.58 96.41 96.62 97.55 97.83
96.10 95.85 95.55 96.38 96.59 97.52 97.80
118.62 113.77 114.71 116.85 113.61 115.11 114.82
126.97 122.40 123.84 125.08 121.34 121.91 121.10
93.42 92.98 92.67 93.45 93.67 94.46 94.85
93.42 92.95 92.63 93.41 93.63 94.43 94.81
117.53
114.18
102.94
102.94
121.72
117.87
103.27
103.27
120.72
117.18
103.04
103.02
123.56
118.87
103.97
103.95
126.22
121.19
104.18
104.15
125.09
118.67
105.43
105.41
123.80
117.40
105.47
105.45
143.60 149.36 149.90 152.78 155.88 157.72 159.65
154.91 160.66 161.24 162.56 165.48 162.84 166.47
92.70 92.99 93.03 94.05 94.27 96.92 95.97
92.70 92.97 92.97 93.98 94.20 96.85 95.90
144.39 147.48 148.81 151.04 153.71 155.40 158.33
157.18 163.31 164.44 165.81 168.34 165.45 171.60
91.87 90.32 90.55 91.15 91.36 93.98 92.32
91.87 90.31 90.49 91.09 91.31 93.92 92.27
139.44
143.71
97.03
97.03
159.17
146.79
108.47
108.43
155.59
144.92
107.43
107.37
161.87
146.02
110.92
110.86
167.25
150.54
111.16
111.10
169.84
149.03
114.03
113.97
166.53
142.01
117.34
117.27
130.67
115.36
113.27
113.27
138.75
120.46
115.18
115.19
137.83
119.79
115.06
115.06
139.32
120.65
115.47
115.47
141.45
122.02
115.92
115.92
144.31
122.14
118.15
118.15
146.67
124.37
117.94
117.93
118.16
107.33
110.09
110.09
130.50
115.37
113.11
113.12
129.46
114.50
113.07
113.06
131.25
115.71
113.44
113.43
134.86
118.79
113.53
113.54
138.30
118.99
116.23
116.23
146.48
125.83
116.42
116.41
112.02
102.51
109.27
109.27
125.33
112.04
111.86
111.86
123.84
110.87
111.71
111.70
126.40
112.74
112.12
112.11
130.16
115.74
112.46
112.47
131.96
114.76
114.98
114.98
144.74
125.74
115.12
115.11
130.72
117.10
111.64
111.63
141.06
122.18
115.46
115.45
140.95
121.93
115.61
115.60
141.18
121.83
115.89
115.89
144.48
125.07
115.53
115.52
151.27
127.62
118.54
118.54
150.03
126.27
118.83
118.82
138.13
120.11
115.01
115.01
143.67
123.51
116.33
116.33
142.82
122.95
116.17
116.16
144.14
123.62
116.60
116.60
145.37
123.99
117.24
117.24
147.89
124.06
119.21
119.21
146.78
123.60
118.76
118.76
to chained-dollar output multiplied by 100.
Percent changes from preceding period for items in this table are shown in table 8.1. Contributions to the
percent change in real gross domestic product are shown in table 8.2.
August 2003
S urvey
of
D -1 9
C u r r e n t B u sin e s s
Table 7.2. Quantity and Price Indexes for Gross Domestic Product, Final
Sales, and Purchases
Table 7.4. Chain-Type Quantity and Price Indexes for Personal
Consumption Expenditures by Major Type of Product
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
2001
2002
II
Gross domestic product:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator
Final sales of domestic
product:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator
Gross domestic purchases:
Current do llars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator
Final sales to domestic
purchasers:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator
Addenda:
Final sales of com puters:1
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 product:
Food...................................
Energy goods and services
Gross domestic product
less food and energy....
Chain-type price indexes for
gross domestic
purchases:
Food...................................
Energy goods and services
Gross domestic purchases
less food and energy....
Seasonally adjusted
2002
III
2003
IV
I
2001
II
133.70
120.82
110.66
110.66
132.81
120.21
110.48
110.48
134.47
121.41
110.76
110.76
135.53
121.82
111.25
111.25
136.80
122.26
111.90
111.90
137.94
122.97
112.17
112.17
130.31
118.95
109.55
109.55
134.17
121.09
110.80
110.80
133.28
120.49
110.62
110.62
134.76
121.51
110.91
110.91
135.73
121.84
111.40
111.40
137.32
122.52
112.08
112.08
138.72
123.48
112.34
112.34
132.00
121.50
108.65
108.65
137.56
125.15
109.90
109.91
136.70
124.53
109.77
109.77
138.43
125.72
110.11
110.11
140.02
126.62
110.59
110.59
141.43
126.81
111.53
111.53
142.85
128.00
111.60
111.60
133.27
122.52
108.78
108.78
138.03
125.43
110.04
110.04
137.18
124.82
109.90
109.90
138.74
125.84
110.25
110.25
140.25
126.65
110.73
110.73
141.96
127.09
111.70
111.70
143.64
128.52
111.77
111.77
101.79
420.15
24.23
24.23
90.86
474.70
19.27
19.14
86.34
436.31
19.81
19.79
94.26
504.33
18.71
18.69
94.94
535.03
17.76
17.74
96.44
569.35
16.96
16.94
97.45
594.19
16.42
16.40
129.32
116.43
111.08
111.07
134.13
119.20
112.53
112.53
133.28
118.66
112.32
112.32
134.87
119.73
112.65
112.65
135.94
120.09
113.19
113.19
137.21
120.47
113.90
113.90
138.35
121.14
114.20
114.20
132.27
119.61
110.59
110.58
137.87
122.99
112.09
112.09
137.03
122.43
111.92
111.92
138.72
123.51
112.32
112.32
140.34
124.35
112.86
112.86
141.75
124.48
113.88
113.88
143.14
125.56
114.00
114.00
110.45
114.15
112.60
104.54
112.31
104.09
112.71
103.44
113.16
105.46
113.60
111.04
114.40
113.52
109.17
110.67
110.51
110.81
111.25
111.76
111.90
111.48
116.41
113.59
108.90
113.40
109.54
113.58
110.56
114.08
112.91
114.58
125.50
115.26
121.10
108.05
109.58
109.42
109.75
110.15
110.65
110.84
Table 7.3. Quantity and Price Indexes for Gross National Product and
Command-Basis Gross National Product
[index numbers, 1996=100]
II
III
2003
IV
Personal consumption
expenditures............
Durable goods..........................
Motor vehicles and parts....
Furniture and household
equipm ent.........................
Other......................................
Nondurable goods...................
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods....................
Gasoline and o il................
Fuel oil and coal................
Other......................................
Services....................................
Housing..................................
Household operation...........
Electricity and g a s...........
Other household operation
Transportation......................
Medical care..........................
Recreation.............................
Other......................................
Addenda:
Energy goods and services 1
Personal consumption
expenditures less food and
energy ...............................
I
II
121.76
151.16
141.21
125.56
162.19
149.18
124.92
159.08
144.00
126.20
167.47
159.04
126.74
163.92
149.35
127.37
163.08
146.27
128.42
171.61
157.14
168.03
142.19
118.79
112.85
130.61
184.95
150.73
122.58
114.80
138.07
183.72
149.34
122.03
114.42
137.32
186.34
151.66
122.35
114.24
137.41
188.94
152.53
123.88
115.87
139.92
189.03
155.19
125.72
118.29
140.78
196.06
160.42
125.74
118.19
142.57
108.21
111.75
81.16
127.12
117.98
112.09
120.60
104.46
131.68
117.24
115.21
122.07
125.12
112.75
116.83
81.82
132.32
120.63
113.92
121.25
105.95
131.76
116.86
120.16
124.31
127.83
111.98
116.51
77.75
131.64
120.32
113.71
120.68
103.79
132.34
116.88
119.67
124.09
127.59
112.74
117.08
79.91
132.89
121.01
114.19
121.24
105.40
132.14
116.63
120.87
124.10
128.42
113.74
116.89
89.85
133.90
121.66
114.66
122.89
110.94
130.99
116.76
121.80
125.75
128.48
113.94
117.76
85.20
135.67
121.92
115.19
122.47
109.31
131.46
116.78
123.04
124.96
127.99
110.86
115.51
76.37
136.29
122.38
115.70
122.70
108.44
132.54
115.84
124.03
125.69
128.22
106.37
109.48
108.07
109.23
112.35
111.71
109.64
124.42
128.62
127.98
129.56
129.72
130.08
131.58
Chain-type price indexes
Personal consumption
expenditures............
Durable goods..........................
M otor vehicles and parts....
Furniture and household
equipm ent.........................
Other......................................
Nondurable goods...................
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods....................
Gasoline and o il................
Fuel oil and coal................
Other......................................
Services....................................
Housing..................................
Household operation...........
Electricity and g a s...........
Other household operation
Transportation......................
Medical care..........................
Recreation.............................
Other......................................
Addenda:
Energy goods and services 1
Personal consumption
expenditures less food and
energy ...............................
109.56
89.70
99.84
111.06
87.19
98.36
110.89
87.36
98.10
111.36
86.94
98.30
111.87
86.46
98.20
112.62
85.64
97.75
112.86
84.82
97.32
76.92
96.08
109.17
111.89
93.35
72.73
95.30
109.61
114.09
90.84
73.29
95.48
109.75
113.87
91.22
72.29
95.13
109.92
114.13
90.34
71.33
94.99
110.25
114.63
90.25
70.31
93.97
111.51
115.10
89.13
68.95
93.65
110.97
115.78
88.28
118.11
116.80
130.74
112.01
114.32
117.15
106.18
114.84
101.45
108.08
114.27
116.58
116.35
109.96
109.10
117.70
113.97
117.44
121.74
105.32
108.62
103.47
110.20
117.36
120.04
119.94
111.53
110.95
115.93
114.14
117.00
121.35
104.71
108.42
102.65
110.10
116.90
119.71
119.44
113.02
112.32
118.83
114.46
117.88
122.21
105.63
108.64
103.94
110.52
117.73
120.57
120.47
116.06
115.18
123.78
113.97
118.74
123.07
106.23
109.57
104.36
111.28
118.66
121.45
121.40
132.43
130.69
149.18
113.67
119.64
123.83
108.71
115.17
105.05
111.17
118.96
122.58
122.64
123.40
121.64
140.57
113.71
120.61
124.30
109.98
120.04
104.29
112.05
120.12
123.34
123.81
116.62
109.37
110.14
111.04
113.10
124.41
121.92
108.78
110.64
110.42
110.91
111.33
111.54
111.86
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
129.02
117.96
109.39
109.38
133.27
120.46
110.63
110.63
132.25
119.73
110.45
110.45
134.02
121.03
110.73
110.73
135.10
121.46
111.22
111.22
136.35
121.88
111.88
111.88
122.04
116.74
117.17
119.16
117.39
116.59
125.93
120.07
120.18
121.96
120.16
117.56
118.51
120.94
120.16
121.43
121.86
122.02
Note . Percent changes from preceding period for selected items in this table are shown in table 8.1.
2002
Chain-type quantity indexes
129.04
117.94
109.42
109.42
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.
Gross national product:
Current do llars.....................
Chain-type quantity index....
Chain-type price index.........
Implicit price deflator..........
Less: Exports of goods and
services and income
receipts from the rest of the
world:
Chain-type quantity index....
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world:
Chain-type quantity index....
Equals: Command-basis gross
national product:
Chain-type quantity index....
2002
D-20
National Data
August 2003
Table 7.6. Chain-Type Quantity and Price Indexes for Private Fixed
Investment by Type
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]
[Index numbers, 1996=100]
Seasonally adjusted
2001
2002
Seasonally adjusted
2002
II
2001
2003
III
IV
I
2002
II
II
Chain-type quantity indexes
Private fixed
investment................
Nonresidential..........................
Structures.............................
Nonresidential buildings,
including farm ...............
U tilities..............................
Mining exploration, shafts,
and wells.......................
Other structures..............
Equipment and software....
Information processing
equipment and software
Computers and
peripheral
equipm ent1..............
Software2.....................
Other..............................
Industrial equipment........
Transportation equipment
O ther..................................
Residential...............................
Structures.............................
Single fam ily.....................
Multifamily.........................
Other structures...............
Equipment............................
130.06
131.57
100.62
129.68
131.32
102.97
129.60
131.05
96.97
130.99
131.79
94.47
130.94
130.32
93.79
133.04
132.49
94.90
110.52
139.52
90.04
131.34
91.65
134.15
86.07
126.53
85.27
123.65
84.43
119.78
84.87
116.09
161.41
149.20
146.51
138.63
89.29
143.98
143.55
100.97
142.55
141.96
80.03
144.88
125.83
74.39
147.09
134.57
67.94
145.28
150.42
71.50
147.92
190.92
196.02
193.91
200.24
201.81
206.94
214.83
400.31
195.21
130.48
107.67
105.81
124.61
123.92
123.84
125.99
129.37
120.15
127.27
383.36
193.67
130.74
106.71
103.23
125.33
123.25
123.17
124.70
131.98
119.71
127.32
420.05
199.09
131.65
108.38
102.02
125.47
123.59
123.51
125.53
129.14
119.95
127.23
427.94
199.97
132.51
106.89
108.97
127.28
126.39
126.34
129.80
123.51
122.38
128.19
450.31
202.37
136.35
105.43
97.73
124.85
129.45
129.43
134.96
132.88
121.70
129.85
501.67
204.40
141.13
105.63
96.15
126.25
131.35
131.28
134.95
134.73
125.96
134.56
Chain-type price indexes
Private fixed
investment................
Nonresidential..........................
Structures.............................
Nonresidential buildings,
including farm ...............
U tilities..............................
Mining exploration, shafts,
and wells........................
Other structures...............
Equipment and software....
Information processing
equipment and software
Computers and
peripheral
equipm ent1..............
Software2.....................
Other..............................
Industrial equipment........
Transportation equipment
O ther..................................
Residential...............................
Structures.............................
Single fam ily.....................
Multifamily.........................
Other structures...............
Equipment............................
101.16
95.73
119.76
100.76
94.43
118.95
100.76
94.48
118.77
100.52
94.17
118.89
100.95
94.25
119.57
101.44
94.15
120.79
101.07
93.77
120.37
121.05
109.45
123.06
112.12
122.97
111.50
122.92
112.82
123.91
113.50
125.41
114.45
125.06
115.34
125.45
113.16
88.76
104.34
116.00
87.36
104.41
115.93
87.46
103.41
116.35
87.04
102.63
116.36
87.00
102.86
117.13
86.61
100.15
118.14
86.25
73.72
71.04
71.31
70.76
70.12
69.30
68.84
30.91
99.10
91.37
103.40
101.32
105.16
119.09
119.61
120.50
125.60
117.49
98.50
26.26
98.43
90.23
103.56
101.26
105.76
121.57
122.16
123.20
127.74
119.90
98.17
26.84
98.24
90.39
103.33
101.25
105.58
121.40
121.98
123.10
127.64
119.62
98.14
25.84
98.34
90.10
103.67
100.03
105.84
121.38
121.98
122.80
127.33
120.04
97.91
24.91
98.13
89.75
103.83
102.05
105.91
122.88
123.51
124.60
129.19
121.18
97.97
23.94
97.13
89.82
104.14
102.05
106.31
125.10
125.82
127.48
132.18
122.57
96.96
23.26
97.04
89.64
104.26
100.92
106.67
124.76
125.50
126.69
131.36
122.99
95.53
1. Includes new computers and peripheral equipment only.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
II!
2003
IV
I
II
121.04
121.91
123.37
118.54
118.67
102.83
162.84
165.45
169.12
156.38
149.03
114.45
120.09
121.10
123.37
116.10
117.40
97.55
94.46
93.39
96.98
105.43
111.40
96.92
93.98
85.38
113.13
114.03
111.95
97.83
94.85
93.55
97.87
105.47
Chain-type quantity indexes
134.20
139.55
120.43
338.61
191.35
135.16
112.69
117.80
125.83
119.22
119.12
121.05
120.21
116.48
123.67
2002
Exports of goods and services
Goods 1..................................
Durable..............................
Nondurable.......................
Services 1..............................
Income receipts......................
Imports of goods and services
G oods' ...................................
Durable..............................
Nondurable.......................
Services 1..............................
Income payments....................
123.10
126.97
132.39
115.23
114.18
118.90
154.91
157.18
162.31
146.27
143.71
118.35
121.13
122.40
125.49
115.67
117.87
103.17
160.66
163.31
169.03
151.05
146.79
114.41
Exports of goods and services
G oods1..................................
Durable..............................
Nondurable.......................
Services 1..............................
Income receipts......................
Imports of goods and services
Goods 1..................................
Durable..............................
Nondurable.......................
Services 1..............................
Income payments....................
96.10
93.42
93.56
93.17
102.94
108.55
92.70
91.87
87.16
102.59
97.03
109.57
95.87
92.98
93.19
92.54
103.27
109.74
92.99
90.32
85.57
101.23
108.47
110.47
121.89
123.84
127.18
116.56
117.18
102.55
161.24
164.44
171.12
150.62
144.92
117.90
123.28
125.08
129.63
115.23
118.87
106.41
162.56
165.81
171.66
153.30
146.02
118.46
121.44
121.34
123.66
116.17
121.19
104.85
165.48
168.34
172.82
157.97
150.54
116.13
166.47
171.60
173.70
164.73
142.01
Chain-type price indexes
95.58
92.67
93.13
91.61
103.04
109.61
93.03
90.55
85.67
101.73
107.43
110.36
96.41
93.45
93.23
94.02
103.97
109.95
94.05
91.15
85.65
103.71
110.92
110.64
96.62
93.67
93.22
94.76
104.18
110.39
94.27
91.36
85.38
104.96
111.16
111.03
95.97
92.32
85.32
108.13
117.34
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.
August 2003
S urvey
of
D-21
C u r r e n t B u sin e s s
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
2001
2002
2002
II
III
Seasonally adjusted
2001
2003
IV
I
II
123.10
126.97
112.18
114.96
121.06
111.41
140.47
145.39
172.40
133.48
112.92
125.52
128.91
121.99
132.94
114.18
121.13
122.40
109.72
115.43
118.63
113.41
128.25
137.15
147.29
122.57
117.01
120.78
122.91
118.56
141.24
117.87
121.89
123.84
110.45
117.52
121.59
115.02
129.40
135.55
145.85
124.73
120.04
120.66
123.76
117.42
143.00
117.18
123.28
125.08
106.97
115.60
119.61
113.14
132.98
151.37
145.57
126.15
122.83
122.79
125.50
119.96
142.46
118.87
121.44
121.34
107.39
116.21
118.49
114.68
125.82
127.77
151.70
120.68
114.90
122.17
122.79
121.55
140.33
121.19
121.04
121.91
111.03
118.37
121.41
116.43
125.03
120.38
148.88
121.75
116.56
123.81
120.15
127.69
134.71
118.67
120.09
121.10
107.40
117.58
122.37
114.73
124.43
114.99
142.86
123.14
117.78
123.59
121.89
125.40
131.17
117.40
79.09
93.87
83.16
102.07
109.54
164.44
96.08
154.91
157.18
144.74
81.06
92.39
78.81
101.23
116.55
175.07
105.76
160.66
163.31
152.98
83.08
89.85
77.54
100.43
119.51
174.52
104.34
161.24
164.44
152.82
79.19
91.99
77.54
101.06
118.41
178.52
108.19
162.56
165.81
154.14
82.30
97.59
82.70
102.92
114.44
179.02
111.54
165.48
168.34
155.91
82.42
89.15
69.96
99.68
118.36
182.16
112.15
162.84
165.45
160.64
88.38
81.20
66.17
101.41
119.28
185.15
111.86
166.47
171.60
162.76
128.51
128.33
128.38
122.65
175.36
215.81
224.98
153.73
144.79
173.70
176.62
170.62
175.02
143.71
158.92
132.22
111.68
122.45
191.99
183.69
119.89
133.19
135.00
131.04
119.13
172.40
173.19
247.65
149.12
155.17
189.78
196.43
182.85
183.67
146.79
189.18
128.88
102.49
127.89
212.78
185.49
123.91
131.91
131.98
131.50
121.82
174.57
168.58
248.65
152.35
158.09
189.68
201.09
177.92
184.22
144.92
190.62
126.80
99.25
131.09
208.87
180.22
123.63
135.07
136.08
133.72
117.54
173.17
149.01
245.89
153.52
159.66
194.30
199.89
188.44
189.78
146.02
187.00
124.92
98.26
128.09
222.74
187.59
122.51
137.29
140.98
133.32
124.05
174.33
178.14
250.78
150.33
157.72
199.42
202.58
196.02
193.17
150.54
188.87
132.40
111.06
131.76
198.21
192.35
123.18
134.86
137.38
131.96
119.96
173.16
158.33
249.47
151.51
154.16
202.56
201.48
203.44
161.90
149.03
194.93
121.67
104.91
133.70
212.16
196.24
122.23
137.30
134.60
138.83
132.39
179.20
158.06
262.60
156.46
156.33
206.35
207.15
205.33
184.40
142.01
195.00
104.52
95.24
127.27
213.92
198.07
119.41
114.66 111.95 114.27 107.00 108.88 111.86 109.86
128.37 123.62 124.98 127.02 122.72 123.07 122.38
160.02 167.19 168.10 170.24 172.15 169.51 174.53
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 reciassitied from goods to services.
2002
"
III
2003
IV
I
II
Chain-type price indexes
Chain-type quantity indexes
Exports of goods and services....
Exports of goods 1.......................................
Foods, feeds, and beverages.................
Industrial supplies and materials..........
Durable goods.....................................
Nondurable goods..............................
Capital goods, except automotive.........
Civilian aircraft, engines, and parts...
Computers, peripherals, and parts ...
O ther.....................................................
Automotive vehicles, engines, and parts
Consumer goods, except automotive...
Durable goods.....................................
Nondurable goods..............................
Other.........................................................
Exports of services 1..................................
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 goods1.......................................
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 ...
O ther.....................................................
Automotive vehicles, engines, and parts
Consumer goods, except automotive...
Durable goods.....................................
Nondurable goods..............................
Other.........................................................
Imports of services1..................................
Direct defense expenditures..................
Travel.........................................................
Passenger fares.......................................
Other transportation...............................
Royalties and license fees.....................
Other private services.............................
Other.........................................................
Addenda:
Exports of agricultural go ods2..........
Exports of nonagricultural goods....
Imports of nonpetroleum goods
2002
Exports of goods and services ....
96.10 95.87 95.58 96.41 96.62 97.55 97.83
Exports of goods1.......................................
93.42 92.98 92.67 93.45 93.67 94.46 94.85
Foods, feeds, and beverages................
79.31 81.30 79.17 83.24 84.37 84.81 86.89
Industrial supplies and materials ........
95.78 94.41 93.92 95.87 96.45 99.79 100.65
Durable g o o d s ....................................
92.53 92.68 92.42 93.37 93.44 95.07 96.34
97.85 95.56 94.92 97.48 98.35 102.71 103.32
Nondurable g o o d s .............................
Capital goods, except a u to m o tive.......
90.44 89.73 89.79 89.62 89.48 89.31 89.23
Civilian aircraft, engines, and parts . 117.54 120.71 120.08 120.94 122.19 123.56 124.48
63.09 60.02 60.61 59.48 58.79 59.18 59.22
Computers, peripherals, and parts ..
O th e r...................................................
92.86 92.12 92.17 92.08 91.83 91.21 90.93
Automotive vehicles, engines, and parts 102.74 103.25 103.07 103.28 103.64 103.86 103.91
Consumer goods, except automotive .. 100.46 99.89 99.66 99.96 100.05 100.16 100.39
Durable g o o d s ....................................
100.88 100.54 100.27 100.49 100.58 100.59 100.96
Nondurable g o o d s .............................
99.99 99.19 99.01 99.39 99.47 99.68 99.78
Other ........................................................
97.34 97.27 96.86 97.87 98.22 99.20 99.68
Exports of services1.................................. 102.94 103.27 103.04 103.97 104.18 105.43 105.47
Transfers under U.S. military agency
sales co n tra c ts...................................
96.95 95.92 95.68 95.91 96.78 97.00 97.37
Travel .......................................................
111.68 110.37 110.60 110.44 111.17 111.52 111.00
Passenger fares .....................................
106.08 109.13 106.36 114.72 109.90 115.88 118.69
Other transportation..............................
106.37 106.42 106.01 107.98 109.13 114.41 109.62
108.72 109.90 109.77 110.11 110.55 111.56 112.36
Royalties and license fe e s ....................
90.79 91.92 91.72 92.47 92.79 93.41 94.24
Other private se rvice s...........................
Other ........................................................
120.46 118.10 118.21 117.98 117.73 118.08 117.37
Imports of goods and services ...
92.70 92.99 93.03 94.05 94.27 96.92 95.97
91.87 90.32 90.55 91.15 91.36 93.98 92.32
Imports of goods1.......................................
Foods, feeds, and beverages................
90.23 91.14 90.50 91.45 93.41 94.77 95.06
Industrial supplies and materials, except
petroleum and p ro d u cts...................
102.44 96.15 96.41 96.83 98.32 105.10 103.58
Durable g o o d s ....................................
98.78 95.12 95.49 95.75 95.41 95.55 95.57
106.41 97.45 97.59 98.16 101.58 115.48 112.38
Nondurable g o o d s .............................
116.10 118.84 122.01 129.50 130.69 156.22 134.38
Petroleum and products.......................
Capital goods, except a u to m o tive.......
74.51 72.30 72.51 72.32 71.72 71.68 71.49
Civilian aircraft, engines, and parts . 114.68 116.99 116.45 117.68 117.77 118.35 119.26
Computers, peripherals, and parts ..
53.47 49.55 50.17 49.48 48.32 47.73 46.76
81.43 79.78 79.77 79.79 79.52 79.79 80.03
Other ...................................................
Automotive vehicles, engines, and parts 101.66 101.96 101.81 102.02 102.31 102.25 102.45
Consumer goods, except automotive ..
95.17 94.21 94.12 94.22 94.09 93.96 94.01
Durable g o o d s ....................................
91.93 90.43 90.54 90.37 90.04 89.83 89.73
Nondurable g o o d s .............................
98.80 98.46 98.14 98.56 98.66 98.63 98.84
100.11 99.20 99.00 99.31 99.82 101.09 101.25
Other ........................................................
Imports of services1..................................
97.03 108.47 107.43 110.92 111.16 114.03 117.34
Direct defense expenditures.................
86.72 90.13 87.74 94.07 95.75 102.21 105.89
Travel .......................................................
94.63 99.01 97.20 102.27 103.40 107.76 113.52
Passenger fa re s .....................................
126.91 132.82 130.81 140.45 132.27 132.48 135.98
Other transportation..............................
115.69 111.74 110.40 112.64 114.71 119.10 125.27
Royalties and license fe e s ....................
108.70 109.89 109.75 110.09 110.53 111.54 112.34
Other private se rvice s...........................
78.26 110.91 111.03 112.37 112.37 113.19 113.74
Other ........................................................
104.05 105.41 104.86 106.87 107.56 110.26 113.00
Addenda:
Exports of agricultural goods2..........
77.86 79.21 76.96 81.19 82.51 83.22 84.75
Exports of nonagricultural goods ....
94.93 94.32 94.19 94.64 94.75 95.55 95.82
Imports of nonpetroleum goods
90.36 88.56 88.57 88.69 88.84 89.84 89.64
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of
nondurable nonautomotive consumer goods,
D -22
National Data
August 2003
Table 7.11. Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1996=100]
Seasonally adjusted
2001
2002
2002
II
III
Seasonally adjusted
2001
2003
IV
I
2002
II
II
Chain-type quantity indexes
Government consumption
expenditures and gross
investment1.....................................
Federal.........................................................
National defense....................................
Consumption expenditures................
Durable goods2...............................
Nondurable go ods..........................
Services............................................
Compensation of general
government employees,
except own-account
investment3.............................
Consumption of general
government fixed capital4.....
Other services.............................
Gross investment...............................
Structures........................................
Equipment and softw are................
Nondefense.............................................
Consumption expenditures................
Durable goods2...............................
Nondurable g o ods..........................
Commodity Credit Corporation
inventory change....................
Other nondurables.......................
Services............................................
Compensation of general
government employees,
except own-account
investment3.............................
Consumption of general
government fixed capital4......
Other services.............................
Gross investm ent...............................
Structures........................................
Equipment and software................
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....................
Addenda:
Compensation of general government
employees3..........................................
Federal..................................................
State and loca l5...................................
120.46
115.37
112.04
111,46
120,85
148.45
109.80
119.79
114.50
110.87
110.42
118.91
152.03
108.71
120.65
115.71
112.74
111.80
125.79
151.30
109.77
122.02
118.79
115.74
115.56
120.40
140.58
114.49
122.14
118.99
114.76
114.22
117.54
139.60
113.24
91.09
92.73
93.03
93.44
92.44
94.28
99.03
118.09
104.87
68.01
110.58
117.10
112.76
99.35
148.01
115.94
65.07
124.05
122.18
117.42
99.22
143.65
113.83
66.47
121.32
121.93
116.48
99.42
146.55
119.04
66.30
127.46
121.83
117.48
99.70
165.10
116.96
64.31
125.39
125.07
120.74
100.13
156.80
118.42
66.62
126.68
127.62
123.94
111.07 132.68 135.70 129.39 138.43 122.80
111.72 116.17 114.83 116.35 119.54 123.46
103.40 105.63 103.75 105.28 109.52 109.58
167.02
116.07
144.80
93.17
175.17
123.51
121.28
147.53
141.40
118.45
165.47
115.97
148.22
91.85
181.69
122.95
121.04
146.72
140.90
118.25
168.46
116.86
142.28
84.94
176.60
123.62
121.54
148.34
141.89
118.68
171.61
117.80
145.28
94.81
174.79
123.99
121.99
149.97
142.89
119.04
175.06
130.10
144.26
89.36
176.88
124.06
122.21
151.62
143.89
119.15
108.72 110.96 110.79 111.13 111.40 111.40
129.92
231.02
129.86
121.33
159.28
135.67
246.72
133.43
126.48
156.24
135.17
246.56
131.41
123.97
156.32
136.31
247.35
132.83
125.67
156.51
137.31
247.89
132.90
126.16
154.83
138.32
248.47
132.20
125.53
153.91
105.41 107.58 107.30 107.79 108.26 108.61
95.56 97.47 96.94 97.80 98.75 99.94
109.21 111.47 111.29 111.63 111.92 111.91
Government consumption
expenditures and gross
124.37
investment1.....................................
125.83 Federal........................................................
125.74
National defense...................................
125.57
Consumption expenditures .............
132.65
Durable goods2...............................
146.34
Nondurable g o o d s .........................
124.46
Services...........................................
Compensation of general
government employees,
except own-account
96.97
investment3.............................
Consumption of general
100.58
government fixed capital4.....
192.01
Other services............................
126.88
Gross investm ent..............................
71.54
S tructures.......................................
135.70
Equipment and so ftw are...............
126.27
Nondefense............................................
120.82
Consumption expenditures .............
Durable go ods2...............................
Nondurable g o o d s .........................
Commodity Credit Corporation
inventory change...................
142.16
Other nondurables....................
119.48
Services...........................................
Compensation of general
government employees,
except own-account
108.49
investment3.............................
Consumption of general
178.56
government fixed capital4......
116.98
Other services............................
152.75
Gross investm ent..............................
96.14
S tructures.......................................
186.22
Equipment and softw are...............
123.60 State and lo c a l...........................................
122.29
Consumption expenditures..................
153.30
Durable goods2...................................
144.90
Nondurable g o o d s .............................
119.08
Services ..............................................
Compensation of general
government employees, except
111.18
own-account investment3.........
Consumption of general
139.20
government fixed capital4.........
249.82
Other services.................................
129.20
Gross investm ent...................................
121.92
S tru ctu re s...........................................
153.61
Equipment and softw are...................
Addenda:
Compensation of general government
108.80
employees3..........................................
101.21
Federal ................................................
111.67
State and loca l5..................................
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 expendi
tures for goods and services are classified as investment in structures and in software. The compensation of all
III
2003
IV
I
II
118.15
116.23
114.98
118.33
100.23
113.37
119.94
117.94
116.42
115.12
118,48
100.09
107.49
120.32
Chain-type price indexes
115.36
107.33
102.51
102.17
116.02
129.00
100.50
155.81
109.87
137.77
80.33
172.20
120.11
117.93
139.80
136.09
115.40
2002
113.27
110.09
109.27
111.50
99.37
106.08
112.61
115.18
113.11
111.86
114.71
99.68
100.68
116.41
115.06
113.07
111.71
114.56
99.72
99.84
116.26
115.47
113.44
112.12
115.04
99.65
103.19
116.67
115.92
113.53
112.46
115.37
99.81
105.40
116.95
118.58 125.09 125.19 125.33 125.13 131.58 131.69
101.84
111.79
96.77
118.80
94.40
111.64
114.18
102.63
114.20
96.01
121.72
93.34
115.46
119.12
102.37
113.84
95.89
121.56
93.23
115.61
119.31
102.60
114.66
95.95
121.89
93.27
115.89
119.70
103.25
115.25
96.31
122.47
93.61
115.53
119.25
103.35
116.24
96.48
123.96
93.68
118.54
123.05
103.44
117.00
96.53
123.94
93.73
118.83
123.40
108.99 110.76 111.34 113.42 111.69 116.29 113.30
114.75 119.92 120.07 120.42 120.05 123.84 124.40
120.51 129.23 129.63 130.11
129.14 136.01
136.77
102.45
110.27
101.39
116.73
95.58
115.01
115.99
100,11
109,20
117.18
102.46
113.14
101.00
119.60
94.30
117.24
118.49
100.54
110.62
119.88
102.58
114.60
101.06
121.58
93.82
118.76
120.13
100.78
113.74
121.34
102.48
112.56
101.15
118.72
94.74
116.33
117.40
100.58
107.15
119.12
102.44
112.39
101.18
118.42
94.85
116.17
117.19
100.67
106.74
118.94
102.34
112.79
101.04
118.91
94.54
116.60
117.72
100.55
108.10
119.36
102.52
114.08
101.02
120.84
93.97
119.21
120.70
100.66
121.47
120.83
118.80 121.95 121.53 122.33 123.16 123.94 124.78
107.64
114.44
111.00
119.49
88.96
107.98
105.86
111.95
121.51
87.43
108.04
107.86
111.97
121.47
87.62
107.99
104.98
112.02
121.74
87.14
107.94
103.16
112.17
122.04
86.93
108.59
106.42
113.13
123.48
86.68
108.53
104.35
113.16
123.71
86.24
118.94 123.15 122.88 123.56 124.05 126.31 127.03
119.30 126.69 126.91 127.19 126.68 133.29 133.67
118.80 121.96 121.53 122.34 123.16 123.94 124.78
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.
5. Beginning with 2001, in accordance with the Consolidated Appropriations Act of 2001, includes compen
sation of employees of Indian tribal governments reclassified from the private sector.
August 2003
S urvey
of
C
urrent
Table 7.14. Chain-Type Quantity and Price Indexes for Gross Domestic
Product by Sector
B
D -23
u sin e s s
Table 7.16B. Implicit Price Deflators for Private Inventories by Industry
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
2002
Seasonally adjusted
2001
2002
2002
II
III
2003
IV
I
II
117.94
119.56
119.51
120.48
Gross domestic product
Business1................................
Nonfarm2.............................
Nonfarm less housing
Housing.............................
Farm.......................................
Households and institutions..
Private households...............
Nonprofit institutions..........
General government3............
Federal....................................
State and local......................
109.42
108.23
108.78
107.97
116.62
70.50
115.28
117.43
115.20
116.48
114.23
117.47
110.86
124.00
114.39
84.25
115.49
107.69
99.77
111.40
120.82
122.53
122.49
123.84
110.72
124.46
116.95
73.59
118.53
110.15
101.90
114.01
120.21
121.86
110.66
109.04
109.63
108.40
121.65
110.48
108.89
109.59
108.39
121.86
122.95
112.17
120.17
116.59
73.19
118.17
109.84
101.39
113.79
121.41
123.17
123.16
124.60
110.72
122.49
117.35
73.92
118.93
110.41
102.24
114.22
121.82
123.55
123.52
125.16
109.39
125.29
118.14
74.82
119.71
110.95
103.18
114.57
122.26
123.97
123.93
125.61
109.49
126.02
118.78
75.75
120.34
111.39
104.36
114.67
122.97
124.76
124.77
126.73
108.08
122.98
119.20
76.59
120.75
111.70
105.60
114.54
111.90
109.98
110.51
109.15
123.82
73.27
122.89
123.45
122.85
122.68
124.23
122.07
112.17
110.22
110.73
109.36
124.11
75.22
122.92
124.30
122.87
123.27
124.52
122.79
Chain-type price indexes
68.00
119.24
121.68
119.16
120.00
119.51
120.26
121.22
61.18
118.47
121.29
118.38
119.77
119.60
119.90
110.76
109.08
109.68
108.41
122.13
67.77
119.93
122.18
119.85
120.33
119.83
120.59
111.25
109.53
110.10
108.79
123.02
69.86
121.42
122.75
121.36
120.77
119.63
121.31
1. Equals gross domestic product less gross product of households and institutions and of general govern
ment.
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]
Price per unit of real gross
product of nonfinancial
corporate business1..........
Compensation of employees
(unit labor cost)...................
Unit nonlabor cost...................
Consumption of fixed capital
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......................
1.041
1.036
1.036
1.035
1.037
1.039
.695
.267
.127
.680
.270
.129
.680
.269
.129
.679
.271
.130
.678
.271
.130
.679
.269
.129
.102
.038
.104
.037
.103
.037
.104
.037
.104
.037
.104
.036
.079
.024
.086
.025
.087
.025
.084
.025
.089
.027
.090
.028
.055
.062
.062
.059
.062
.062
1. The implicit price deflator for gross product of nonfinancial corporate business divided by 100.
Note. Effective November 26, 2002, the estimates beginning with 1999 have been revised to reflect the 2002
annual revision to the industry-based price index for the gross product of nonfinancial corporate business.
2003
IV
I
II
Chain-type quantity indexes
Gross domestic product
Business1................................
Nonfarm2.............................
Nonfarm less housing
Housing.............................
Farm.......................................
Households and institutions..
Private households...............
Nonprofit institutions..........
General government3............
Federal....................................
State and local.......................
III
Private inventories1............................
Farm................................................................
Construction, mining, and utilities.............
Manufacturing................................................
Durable goods industries.........................
Nondurable goods industries..................
Wholesale trade.............................................
Durable goods industries.........................
Nondurable goods industries..................
Retail trade......................................................
Motor vehicle dealers...............................
Food and beverage stores........................
General merchandise stores....................
Other retail stores......................................
Other industries.............................................
Addenda:
Private inventories.....................................
Durable goods industries....................
Nondurable goods industries.............
Nonfarm industries...................................
Wholesale trade.........................................
Merchant wholesale trade....................
Durable goods industries.................
Nondurable goods industries..........
Nonmerchant wholesale trade............
98.99
96.53
104.47
99.45
98.81
100.57
95.62
91.66
102.50
101.98
98.59
109.41
102.62
102.96
99.71
98.99
96.68
101.49
99.25
95.62
95.10
91.49
101.44
98.80
99.28
93.35
104.34
100.10
98.65
102.52
96.80
91.68
105.46
102.08
98.17
109.59
102.67
103.44
99.86
99.28
96.58
102.12
99.81
96.80
96.23
91.51
104.27
100.30
II
97.33
110.19
103.13
103.84
100.19
102.02
101.37
103.34
121.53
101.73
99.24
105.80
97.52
91.91
106.93
102.44
97.40
111.80
103.52
104.16
101.59
99.94
96.34
103.61
100.03
96.67
96.08
91.53
103.88
100.26
101.63
96.87
106.39
101.74
98.22
97.17
91.94
106.01
104.67
101.37
96.78
105.98
101.29
97.52
96.84
91.74
105.48
101.64
99.94
99.54
110.78
101.63
101.13
123.80
98.46
103.07
96.67
91.69
105.11
99.04
106.47
98.22
92.11
108.41
100.20
102.10
101.88
102.86
98.17
111.12
103.32
104.71
1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown in
tables 5.12B and 5.13B.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
D-24
National Data
Table 7.17. Chain-Type Quantity Indexes for Gross Domestic Product by
Major Type of Product
August 2003
Table 7.18B. Chain-Type Quantity indexes for Motor Vehicle Output
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
Gross domestic product..
Final sales of domestic
product..............................
Change in private inventories
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..................................
Addenda:
Motor vehicle ou tp ut...........
Gross domestic product less
motor vehicle output
2002
2001
2002
2003
II
III
IV
I
II
122.26
122.97
117.94
120.82
120.21
121.41
121.82
118.95
121.09
120.49
121.51
121.84
122.52
123.48
121.64
124.71
125.71
126.57
124.50
125.39
127.23
127.62
126.73
126.86
127.43
128.31
127.47
129.06
129.90
136.94
134.92
136.59
132.10
134.22
138.60
140.00
137.15
136.89
136.17
136.97
138.13
141.08
114.62
114.86
117.99
118.28
117.93
117.94
117.98
117.67
118.15
118.55
120.01
120.92
118.73
119.38
115.16
118.80
118.35
115.51
118.01
115.51
118.74
113.88
119.65
114.60
119.83
115.62
120.94
116.34
114.63
129.33
125.97
136.32
131.50
130.90
130.69
118.03
120.53
120.01
120.91
121.50
121.96
122.71
2002
Motor vehicle output...
Auto output...............
Truck o u tp u t1...........
Final sales of domestic
product...................................
Personal consumption
expenditures....................
New motor vehicles.........
A utos.............................
Light trucks...................
Net purchases of used
autos..............................
Private fixed investment....
New motor vehicles.........
A utos.............................
Trucks............................
Light trucks...............
Other..........................
Net purchases of used
autos..............................
Gross government
investment.......................
Autos..................................
New tru c ks .......................
Net exports...........................
Exports..............................
A utos.............................
Trucks............................
Imports..............................
A utos.............................
Trucks............................
Change in private inventories
Autos......................................
New....................................
Dom estic......................
Foreign...........................
Used...................................
New trucks............................
Domestic...........................
Foreign..............................
Addenda:
Final sales of motor vehicles
to domestic purchasers...
Private fixed investment in
new autos and new light
tru c ks................................
Domestic output of new
au to s2...............................
Sales of imported new
autos3...............................
2002
2003
II
III
IV
I
II
125.97
93.02
153.18
136.32
97.86
168.04
131.50
90.01
165.62
130.90
83.13
170.00
130.69
86.41
167.06
114.63
89.86
135.17
129.33
93.97
158.50
119.40
122.56
115.98
131.99
124.74
120.02
127.01
143.85
152.65
131.93
177.01
152.48
164.29
130.12
204.40
146.73
156.46
129.18
188.48
164.00
179.76
138.70
227.97
152.39
161.70
122.19
208.09
148.50
160.30
126.84
199.61
160.62
179.55
131.39
236.07
117.43
106.83
106.87
95.08
118.27
137.74
82.30
117.37
103.02
104.24
92.02
116.04
135.69
79.69
117.67
100.72
102.26
90.77
113.36
132.07
78.64
117.26
106.73
107.74
95.56
119.50
136.71
87.11
124.68
108.75
110.57
96.97
123.67
147.17
80.78
113.40
97.22
98.47
87.42
109.15
132.33
67.26
104.56
98.63
96.38
78.43
113.44
135.38
73.44
106.65
108.39
107.53
111.10
116.85
102.65
87.67
126.36
97.37
142.63
122.90
97.51
137.12
117.17
92.55
130.97
115.74
87.91
131.45
132.75
108.40
146.29
129.05
100.75
144.89
96.69
85.43
102.81
92.55
101.19
77.15
153.19
157.44
132.92
104.06
115.49
83.66
161.37
167.33
132.99
102.26
116.09
77.57
164.52
171.40
131.82
109.72
121.85
88.05
164.33
171.52
130.20
110.21
119.06
94.36
165.64
171.41
138.17
110.20
119.00
94.45
154.66
161.05
124.32
117.94
127.29
101.22
161.02
166.43
135.17
129.80
133.53
129.04
141.60
135.90
129.20
135.92
112.41
109.78
107.57
112.31
117.36
105.66
101.54
92.85
98.82
101.17
104.43
93.11
90.09
94.35
152.80
157.39
153.87
166.84
157.56
153.19
149.09
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 invest
ment.
August 2003
S urvey
of
D -25
C u r r e n t B u sin e s s
8. Supplemental Tables
Table 8.1. Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
2001
2002
2002
II
Gross domestic product:
Current dollars....................
Chain-type quantity index....
Chain-type price index........
Implicit price deflator.........
IV
III
Seasonally adjusted at annual rates
2003
I
2001
II
Imports of services:
Current dollars.....................................
Chain-type quantity index.....................
Chain-type price index..........................
Implicit price deflator...........................
Government consumption expenditures and
gross investment:
Current dollars.........................................
Chain-type quantity index.........................
Chain-type price index..............................
Implicit price deflator...............................
Federal:
Current dollars.....................................
Chain-type quantity index.....................
Chain-type price index..........................
Implicit price deflator...........................
National defense:
Current do llars.................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator.......................
Nondefense:
Current do llars.................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator.......................
State and local:
Current do llars.....................................
Chain-type quantity index.....................
Chain-type price index..........................
Implicit price deflator...........................
Addenda:
Final sales of domestic product:
Current dollars .........................................
Chain-type quantity index.........................
Chain-type price index..............................
Implicit price deflator...............................
Gross domestic purchases:
Current do llars.........................................
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...............................
Gross national product:
2.6
.3
2.4
2.4
3.6
2.4
1.1
1.1
2.5
1.3
1.2
1.2
5.1
4.0
1.0
1.0
3.2
1.4
1.8
1.8
3.8
1.4
2.4
2.4
3.4
2.4
1.0
1.0
4.5
2.5
2.0
2.0
4.5
3.1
1.4
1.4
4.6
1.8
2.7
2.7
6.0
4.2
1.7
1.7
3.6
1.7
1.8
1.8
4.8
2.0
2.7
2.7
4.3
3.3
.9
.9
4.0
6.0
-1.9
-1.9
4.3
7.3
-2.8
-2.8
-.9
2.0
-2.9
-2.9
20.5
22.8
-1.9
-1.9
-10.2
-8.2
-2.2
-2.2
-5.7
-2.0
-3.7
-3.7
18.0
22.6
-3.8
-3.8
3.5
2.0
1.5
1.5
3.6
3.2
.4
.4
4.5
-.1
4.6
4.6
1.7
1.0
.6
.6
6.4
5.1
1.2
1.2
11.0
6.1
4.6
4.6
-1.9
.1
-1.9
-1.9
5.2
2.0
3.1
3.1
5.0
2.2
2.7
2.7
5.7
2.7
3.0
3.0
5.4
2.3
3.0
3.0
5.2
2.2
3.0
3.0
4.0
.9
3.1
3.1
4.8
1.5
3.3
3.2
-9.7
-10.7
1.2
1.2
.5
1.0
-.5
-.5
7.5
7.9
-.4
-.4
2.4
3.6
-1.1
-1.2
7.9
6.3
1.7
1.6
-4.1
-5.3
1.3
1.3
.1
1.3
-1.3
-1.2
-2.7
-3.8
1.2
1.2
-3.5
-3.1
-.4
-.4
-1.2
-1.0
-.2
-.3
-1.2
-.3
-.9
-.9
6.2
4.4
1.8
1.8
1.8
-.1
1.9
1.9
5.0
6.6
-1.4
-1.4
-5.1
-5.2
.2
.2
-7.0
-5.7
-1.4
-1.4
-3.8
-2.4
-1.4
-1.4
-2.1
-.8
-1.3
-1.3
2.7
2.3
.4
.4
-4.8
-4.4
-.4
-.4
5.1
6.9
-1.6
-1.6
3.3
-1.7
5.0
5.0
-17.0
-16.4
-.7
-.7
-17.1
-17.6
.7
.7
-21.0
-21.4
.4
.4
-7.8
-9.9
2.3
2.3
1.1
-2.9
4.1
4.1
3.4
4.8
-1.4
-1.4
-7.8
-6.4
-1.5
-1.5
-3.3
-1.7
-1.6
-1.6
1.1
3.3
-2 1
-2.1
4.7
6.7
-1.9
-1.9
6.0
6.2
-.2
-.2
-6.5
-4.8
-1.8
-1.8
5.7
7.5
-1.7
-1.7
4.4
.3
4.1
4.1
6.1
3.9
2.1
2.1
5.4
2.7
2.6
2.6
1.0
1.1
.0
.0
14.9
9.4
5.0
5.0
18.2
10.1
7.4
7.4
-6.1
-5.4
-.8
-.8
-1.9
-1.6
-.2
-.3
17.7
14.3
3.0
3.0
8.3
4.6
3.5
3.5
-5.0
-5.8
.9
.9
2.5
-1.3
3.9
3.9
Exports of goods:
Current dollars............................
Chain-type quantity index...........
Chain-type price index................
Implicit price deflator.................
-6.6
-5.9
-.7
-.7
-4.1
-3.6
-.5
-.5
18.6
15.9
2.3
2.3
7.7
4.1
3.4
3.4
-10.6
-11.5
.9
.9
5.4
1.9
3.4
3.4
Exports of services'.
Current dollars...........................
Chain-type quantity index..........
Chain-type price index................
Implicit price deflator.................
-4.9
-4.0
-1.0
-1.0
3.6
3.2
.3
.3
15.8
10.7
4.6
4.6
9.8
5.9
3.7
3.7
8.9
8.0
.8
.8
-3.5
-8.0
4.9
4.9
Imi
Current dollars
Chain-type quantity index....
Chain-type price index.........
Implicit price deflator..........
-5.7
-2.9
-2.9
-2.9
4.0
3.7
.3
.3
35.7
22.2
11.1
11.1
7.9
3.3
4.4
4.4
8.4
7.4
.9
.9
4.8
-6.2
11.7
11.7
Imports of goods:
Current dollars.................
Chain-type quantity index.
Chain-type price index.....
Implicit price deflator......
-6.1
-3.3
-2.9
-2.9
2.1
3.9
-1.7
-1.7
41.8
27.9
10.9
10.9
6.1
3.4
2.7
2.7
7.2
6.2
.9
.9
4.5
-6.7
12.0
12.0
4.8 Command-basis gross national product:
6.0
-1.1 Disposable personal income:
-1.1
Current dollars.........................................
Chained (1996) dollars.............................
-2.0 Final sales of computers:1
-3.1
Current d ollars.........................................
1.2
Chain-type quantity index.........................
1.2
Chain-type price index..............................
Implicit price deflator...............................
Gross domestic product less final sales of
-1.0
computers:
-2.6
Current dollars.........................................
1.6
Chain-type quantity index.........................
1.6
Chain-type price index..............................
Implicit price deflator...............................
Gross domestic purchases less final sales of
-4.1
computers:
-4.2
Current dollars.........................................
.1
Chain-type quantity index.........................
.1
Chain-type price index..............................
Implicit price deflator...............................
Chain-type price indexes for gross domestic
product:
5.0
9.2
Food..........................................................
-3.9
Energy goods and services......................
Gross
domestic product less food and
-3.9
energy ...................................................
Chain-type price indexes for gross domestic
7.8
purchases:
15.7
Food..........................................................
-6.9
Energy goods and services......................
Gross domestic purchases less food and
-6.9
energy ...................................................
Personal consumption expenditures:
Current dollars................................
Chain-type quantity index................
Chain-type price index.....................
Implicit price deflator......................
Durable goods:
Current dollars............................
Chain-type quantity index...........
Chain-type price index.................
Implicit price deflator.................
Nondurable goods:
Current dollars............................
Chain-type quantity index...........
Chain-type price index.................
Implicit price deflator.................
Services:
Current dollars............................
Chain-type quantity index...........
Chain-type price index.................
Implicit price deflator..................
Gross private domestic investment:
Current dollars................................
Chain-type quantity index................
Chain-type price index.....................
Implicit price deflator......................
Fixed investment:
Current dollars............................
Chain-type quantity index...........
Chain-type price index.................
Implicit price deflator..................
Nonresidential:
Current dollars........................
Chain-type quantity index.......
Chain-type price index............
Implicit price deflator.............
Structures:
Current dollars....................
Chain-type quantity index....
Chain-type price index........
Implicit price deflator.........
Equipment and software:
Current dollars....................
Chain-type quantity index....
Chain-type price index........
Implicit price deflator.........
Residential:
Current dollars........................
Chain-type quantity index.......
Chain-type price index............
Implicit price deflator.............
Exports of goods and services:
Current dollars................................
Chain-type quantity index...............
Chain-type price index....................
Implicit price deflator.....................
1. For s om e com ponents of final sales o f c om puters, includes c om puter parts.
N o te . C ontributions to the percent change in real gross dom estic product are show n in table 8.2 .
2002
2002
2003
II
III
IV
I
II
-3.4
-.5
-2.9
-2.9
14.2
2.1
11.8
11.8
9.9
-2.1
12.2
12.2
17.1
3.1
13.6
13.6
14.0
13.0
.9
.9
6.3
-4.0
10.7
10.7
-7.6
-17.6
12.1
12.1
6.1
3.7
2.4
2.4
6.2
4.4
1.7
1.7
4.3
1.4
2.8
2.8
4.4
2.9
1.4
1.4
6.2
4.6
1.6
1.6
8.3
.4
7.9
7.9
6.7
7.5
-.7
-.7
6.6
4.8
1.7
1.7
10.4
7.5
2.7
2.7
10.0
7.5
2.3
2.3
5.7
4.3
1.3
1.3
11.5
11.0
.3
.4
10.6
.7
9.8
9.8
25.8
25.1
.6
.6
6.7
5.0
1.6
1.6
11.9
9.3
2.4
2.4
9.9
7.8
2.0
2.0
8.5
6.9
1.5
1.5
12.5
11.0
1.2
1.3
5.6
-3.3
9.3
9.3
44.8
44.1
.5
.5
6.5
4.5
1.9
1.9
7.9
4.3
3.4
3.4
10.0
6.9
2.9
2.8
.7
-.3
1.0
1.0
9.7
11.1
-1.2
-1.2
20.2
8.4
10.9
10.9
-3.2
-4.1
1.0
1.0
5.9
3.1
2.7
2.7
4.0
2.8
1.1
1.1
1.3
-1.7
3.1
3.0
3.7
2.2
1.5
1.5
3.5
1.2
2.2
2.2
7.1
.2
6.9
6.9
-3.0
-1.5
-1.5
-1.5
3.9
1.5
2.4
2.4
3.0
1.8
1.1
1.1
1.2
-.1
1.2
1.2
4.5
3.4
1.1
1.1
2.9
1.1
1.8
1.8
4.8
2.3
2.5
2.4
4.1
3.2
.9
.9
2.4
.4
1.9
1.9
4.2
3.0
1.2
1.2
4.9
2.6
2.3
2.3
5.2
3.9
1.2
1.2
4.7
2.9
1.8
1.7
4.1
.6
3.4
3.4
4.1
3.8
.3
.3
3.6
1.6
1.9
1.9
3.6
2.4
1.2
1.2
3.6
1.3
2.3
2.3
4.6
3.3
1.3
1.3
4.4
2.6
1.8
1.8
5.0
1.4
3.5
3.5
4.8
4.6
.2
.2
2.6
.2
2.4
2.4
3.3
2.1
1.1
1.1
1.6
.4
1.2
1.2
5.5
4.4
1.0
1.0
3.3
1.4
1.8
1.8
3.8
1.4
2.4
2.4
.5
2.0
-.4
4.3
1.4
.5
3.8
1.8
5.6
4.2
6.7
3.9
3.5
1.8
3.2
1.4
4.9
2.1
3.3
2.4
-14.4
9.1
-21.6
-21.6
-10.7
13.0
-20.5
-21.0
-6.9
13.1
-17.7
-17.7
42.0
78.5
-20.4
-20.4
2.9
26.7
-18.7
-18.7
6.5
28.2
-17.0
-17.0
4.2
18.6
-12.1
-12.1
2.8
.2
2.6
2.6
3.7
2.4
1.3
1.3
2.6
1.2
1.4
1.4
4.9
3.6
1.2
1.2
3.2
1.2
1.9
1.9
3.8
1.3
2.5
2.5
3.4
2.3
1.1
1.1
2.6
.4
2.2
2.2
4.2
2.8
1.4
1.4
5.0
2.5
2.4
2.4
5.0
3.5
1.4
1.4
4.8
2.8
2.0
2.0
4.1
.4
3.6
3.7
4.0
3.5
.4
.4
3.1
10.1
1.9
-8.4
.3
-4.0
1.4
-2.5
1.6
8.0
1.6
22.9
2.8
9.3
2.0
1.4
1.5
1.1
1.6
1.8
.5
3.0
2.3
1.9
-6.4
.4
29.9
.7
3.8
1.8
8.8
1.8
52.6
2.4
-13.3
1.8
1.4
1.5
1.2
1.5
1.8
.7
D -26
National Data
Table 8.2. Contributions to Percent Change in Real Gross Domestic
Product
August 2003
Table 8.3. Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
Seasonally adjusted at annual rates
2001
2002
2002
II
Percent change at annual rate:
Gross domestic product............
Percentage points at annual rates:
Personal consumption
expenditures...............................
Durable goods.............................
M otor vehicles and p a rts.......
Furniture and household
equipment............................
Other.........................................
Nondurable goods.......................
Food...........................................
Clothing and shoes.................
Gasoline, fuel oil, and other
energy goods......................
Other.........................................
Services........................................
Housing....................................
Household operation...............
Electricity and gas...............
Other household operation.
Transportation..........................
Medical care.............................
Recreation.................................
Other..........................................
Gross private domestic investment
Fixed Investment........................
Nonresidential..........................
Structures............................
Equipment and software
Information processing
equipment and software
Computers and
peripheral
equipm ent...............
Softw are1....................
Other.............................
Industrial equipm ent......
Transportation equipment
O ther.................................
Residential................................
Change in private inventories..
Farm .........................................
Nonfarm....................................
Net exports of goods and services
Exports.........................................
Goods.......................................
Services....................................
Imports.........................................
Goods.......................................
Services....................................
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 o u tp u t..................
Final sales of com puters2
.3
2.4
III
1.3
4.0
Seasonally adjusted at annual rates
2001
2003
IV
1.4
I
II
1.4
2002
II
2.4
1.67
.48
.24
2.15
.59
.20
1.22
.16
-.03
2.93
1.74
1.46
1.19
-.72
-.93
1.40
-.1 7
-.2 9
2.34
1.68
1.02
.19
.06
.39
.09
.08
.30
.10
.64
.17
.17
.20
.00
-.02
-.0 9
-.0 3
.18
.11
.22
-.05
.01
.17
.04
1.01
.56
.22
.01
.12
1.21
.83
.08
.43
.23
.02
-.03
.15
.02
.21
.80
.17
.05
-.03
.08
-.02
.43
.08
.09
-1 .9 0
-.6 5
-.6 6
-.05
-.61
.07
.23
.92
.17
.02
.02
.00
-.01
.46
.05
.23
.15
-.5 0
-.6 8
-.52
-.15
-.0 3
.13
1.08
.21
.06
.01
.06
-.03
.51
.07
.26
1.16
-.1 5
-.27
-.53
.26
.05
.22
.97
.18
.07
.09
-.01
-.02
.45
.00
.29
.55
-.0 3
-.0 8
-.62
.53
.06
.17
.90
.17
.21
.30
-.0 9
.01
.34
.14
.02
.93
.65
.24
-.25
.49
.01
.30
.36
.19
-.0 5
-.0 9
.04
.00
.45
-.0 7
-.1 6
-.8 3
-.0 2
-.47
-.0 7
-.4 0
-.21
.10
.64
.18
.03
-.05
.08
-.08
.36
.06
.08
.20
.97
.69
.11
.58
-.26
.10
.46
.50
.12
.39
.59
-.02
-.02
-.22
-.07
-.23
-.04
.01
-1 .2 4
.04
-1.28
-.1 8
-.5 9
-.47
-.13
.42
.40
.01
.12
.03
-.05
-.07
-.17
-.01
.18
.65
-.01
.66
-.6 7
-.1 7
-.2 6
.09
-.5 0
-.43
-.07
.10
.20
.16
-.11
-.32
.23
.12
1.31
-.2 0
1.51
-1 .4 0
1.29
.99
.30
-2 .6 9
-2.74
.05
.26
.20
.04
.09
-.06
.01
.05
.58
-.1 0
.68
-.01
.45
.28
.17
-.4 7
-.40
-.07
.05
.03
.04
-.08
.37
.08
.41
.28
.05
.24
-1 .5 9
-.5 9
-.82
.23
-1 .0 0
-.71
-.3 0
.15
.08
.16
-.0 8
-.6 0
-.11
.45
-.8 2
.07
-.8 8
.78
-.1 3
.13
-.25
.91
.81
.10
.32
.07
.19
.01
-.08
.06
.28
-.7 7
-.07
-.70
-1 .5 6
-.3 0
-.17
-.13
-1 .2 6
-1.73
.47
.65
.29
.19
.16
.02
.10
.08
.01
.36
.30
.07
.81
.47
.37
.31
.06
.10
.08
.02
.34
.28
.06
.27
.47
.32
.32
.00
.16
.10
.06
-.21
.16
-.3 7
.56
.29
.29
.19
.11
-.01
.07
-.07
.27
.17
.10
.85
.70
.46
.50
-.04
.25
.21
.04
.15
.14
.00
.08
.05
-.1 5
-.1 8
.03
.20
.21
-.01
.03
.08
-.05
1.40
1.58
1.69
1.52
.17
-.10
-.21
.10
-.1 8
.03
-.21
-.85
1.11
-.01
-.21
.08
1.19
1.52
-.26
.39
.08
.14
1.91
-.8 0
.25
.08
3.10
1.43
-.50
1.06
.39
-.55
1.71
.22
-.49
.17
.78
.33
.32
-.0 6
.18
.05
2.10
.23
-.02
.12
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
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.
2002
Percent change at annual rate:
Personal consumption
expenditures...........................
Percentage points at annual rates:
Durable goods................................
M otor vehicles and parts...........
Furniture and household
equipment................................
O ther.............................................
Nondurable goods..........................
Food..............................................
Clothing and shoes.....................
Gasoline, fuel oil, and other
energy goods...........................
Gasoline and o il......................
Fuel oil and coal.......................
O ther.............................................
Services............................................
Housing........................................
Household operation..................
Electricity and gas...................
Other household operation....
Transportation.............................
Medical care................................
Recreation....................................
O ther.............................................
Addenda:
Energy goods and services1..........
Personal consumption
expenditures less food and
energy............................................
III
2003
IV
I
II
2.5
3.1
1.8
4.2
1.7
2.0
3.3
.71
.35
.86
.29
.23
-.0 5
2.49
2.09
-1 .0 3
-1.32
-.2 4
-.41
2.39
1.45
.28
.08
.58
.13
.12
.43
.14
.93
.25
.25
.29
.00
-.0 3
-.1 3
-.0 4
.25
.15
.32
-.08
.01
.24
.06
1.45
.80
.32
.01
.17
1.73
1.18
.11
.62
.32
.03
-.05
.22
.03
.05
-.03
.30
1.17
.25
.07
-.04
.12
-.03
.64
.11
.13
.10
.10
.00
.33
1.33
.24
.03
.02
.00
-.01
.66
.07
.34
-.0 4
-.0 2
-.02
.19
1.56
.30
.09
.01
.08
-.04
.73
.10
.37
.07
.05
.02
.31
1.38
.25
.11
.12
-.02
-.03
.64
.00
.41
.09
-.01
.10
.25
1.29
.25
.30
.42
-.12
.02
.49
.21
.03
.02
.07
-.0 5
.42
.51
.27
-.08
-.1 3
.05
.00
.65
-.1 0
-.23
-.29
-.19
-.11
.15
.92
.27
.05
-.07
.11
-.12
.52
.09
.12
-.01
.12
-.03
.19
.51
-.11
-.36
2.35
2.75
1.94
4.07
.41
.93
3.75
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
expenditures, whereas table 8.2 shows contributions to real gross domestic product.
August 2003
S urvey
D-27
C u r r e n t B u sin e s s
of
Table 8.6. Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment by Type
Table 8.4. Contributions to Percent Change in Real Private Fixed
Investment by Type
Seasonally adjusted at annual rates
2001
2002
2002
II
Percent change at annual rate:
Private fixed investment...........
Percentage points at annual rates:
Nonresidentiai.................................
Structures ....................................
Nonresidentiai buildings,
including farm .....................
Utilities......................................
Mining exploration, shafts, and
wells......................................
Other structures......................
Equipment and software...........
Information processing
equipment and software.....
Computers and peripheral
equipm ent1......................
Software2 ............................
Other.....................................
Industrial equipment...............
Transportation equipment......
Other.........................................
Residential......................................
Structures....................................
Single fam ily............................
Multifam ily...............................
Other structures......................
Equipment....................................
III
Seasonally adjusted at annual rates
2003
IV
2001
I
-3.1
-1 .0
-.3
4.4
-.1
6.6
-3 .8 8
-.31
-4 .1 8
-3 .2 3
-1 .7 4
-3 .4 4
-.5 8
-4 .0 5
1.63
-1 .6 8
-3 .1 0
-.4 6
4.70
.78
-.95
-.01
-2.46
-.20
-2.75
-.6 9
-2.81
-.78
-.40
-.29
-.42
-.40
.24
-.38
.48
.16
-3 .5 7
-.31
-.26
-.9 4
.02
-.01
1.70
-.09
-.38
3.47
-.89
-.10
3.31
.47
-.12
-2 .6 4
.85
.07
3.92
-1.54
.61
2.99
3.26
.82
2.56
3.94
-.13
-.13
-1.27
-.43
-1.37
-.23
.07
.07
.11
.11
-.15
.00
.71
.22
-.32
-.43
-1.03
-.09
1.10
1.08
.60
.14
.34
.02
.65
1.31
1.02
-.7 0
-2.06
1.48
.78
.76
.38
-.06
.43
.02
1.73
1.28
.25
.60
-.43
.04
.32
.32
.41
-.19
.09
.00
.36
.22
.24
-.53
2.47
.55
2.73
2.71
2.13
-.37
.94
.02
.96
.56
1.04
-.52
-3.96
-.72
2.96
2.93
2.57
.62
-.26
.03
2.14
.49
1.31
.09
-.54
.43
1.88
1.79
.00
.13
1.67
.09
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.
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
2002
2002
II
Percent change at annual rate:
Exports of goods and services..
Percentage points at annual rates:
Exports of goods1...........................
Foods, feeds, and beverages.....
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines,
and parts...................................
Consumer goods, except
automotive...............................
O ther.............................................
Exports of services' .......................
Percent change at annual rate:
Imports of goods and services.
Percentage points at annual rates:
Imports of goods1..........................
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...............................
O ther.............................................
Imports of services1.....................
III
2003
IV
I
II
-5 .4
-1 .6
14.3
4.6
-5 .8
-1 .3
-3.1
-4 .2 3
.13
-.58
-3.21
-2 .5 5
-.10
.05
-2.71
10.92
-.61
2.84
4.48
2.86
-.61
-.99
3.21
-8 .2 5
.08
.34
-6.21
1.29
.66
1.16
-.6 9
-1 .8 0
-.67
-.42
-.52
-.47
.27
2.73
.74
-2.04
.43
.32
-.07
-.03
-1 .1 4
-.32
.26
.95
.96
.54
3.36
.59
-.07
1.77
-.15
-.26
2.42
.45
-.72
-2 .6 2
-.06
-.45
-1.31
-2 .9
3.7
22.2
3.3
7.4
-6 .2
9.2
-2 .7 8
.14
3.19
.19
22.25
.41
2.81
.12
5.23
.17
-5 .5 5
.42
12.49
.20
-.45
.27
-2.73
.39
-.16
-.38
1.38
2.13
3.77
1.06
-1.07
-.63
.76
1.69
.56
-.79
-1.11
-.4 7
.88
3.50
2.66
-.41
.98
5.21
.57
-.67
-1.21
.80
.33
.07
-.0 8
1.89
.28
.52
7.03
2.32
-.1 0
2.07
.69
.52
2.30
.43
2.14
1.37
-3.76
-.6 7
1.69
2.77
-3 .2 8
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 reclassi
fied from goods to services.
Note.The quantity indexes on which the estimates in this table are based are shown in table 7.10. The esti
mates in this table differ from those in table 8.2 because this table shows contributions to real exports and to 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.
2002
II
-3 .8
2001
2002
II
Percent change at annual rate:
Government consumption
expenditures and gross
investment1.............................
Percentage points at annual rates:
Federal.............................................
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 softw are....
Nondefense..................................
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 softw are....
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
2003
IV
III
I
II
3.7
4.4
1.4
2.9
4.6
.4
7.5
1.61
1.06
.92
.09
.03
.80
2.54
2.01
1.70
.05
.08
1.56
2.52
1.68
1.69
.03
.03
1.63
1.50
1.53
.98
.29
-.01
.70
3.76
2.44
2.65
-.23
-.1 7
3.05
.25
-.7 8
-.93
-.12
-.02
-.80
8.33
8.85
7.97
.62
.11
7.24
.05
.14
.36
.14
-.3 3
.62
.94
-.01
.76
.14
-.01
.14
.55
.47
.01
.13
.34
.01
1.40
.31
-.01
.32
.54
.42
.01
.03
.38
.02
1.25
-.01
.05
-.07
.84
.52
.00
.22
.29
.03
.53
.56
.00
.56
-.0 4
.35
.01
-.1 7
.51
.04
3.34
-.2 2
-.03
-.1 8
1.33
1.13
.03
.04
1.06
.06
-1.47
.15
.04
.11
1.03
1.09
.00
-.19
1.27
.06
6.24
.88
.08
.80
-.5 2
-1.05
-.04
.28
-1.29
-.03
.12
-.0 4
.31
.85
.01
-.21
.11
.26
.08
-.04
.11
2.05
1.66
.06
.36
1.24
.11
.15
.12
.09
.03
1.87
1.52
.05
.24
1.22
.11
.22
.32
-.25
.57
-1 .1 0
.84
.04
.17
.63
.11
.09
-.39
-.19
-.20
1.42
.89
.04
.17
.67
.12
.09
.20
.26
-.0 7
.85
.81
.04
.18
.59
.13
1.14
-.06
-.14
.08
.13
.39
.04
.18
.16
.13
-1.20
.53
.18
.36
-.8 2
.24
.05
.20
.00
.79
.78
.36
.46
.40
-.01
-.21
.24
.21
.39
.23
.16
.23
.21
.35
.41
-.06
.20
.08
-1.94
-1.87
-.07
.17
.04
.53
.52
.02
.15
.03
.04
.15
-.12
.15
.03
-.25
-.1 9
-.0 7
.14
.07
-1.06
-1.05
-.02
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 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 esti
mates 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.
D-28
National Data
August 2003
Table 8.7. Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
2003
IV
III
I
II
Current dollars:
35,398
36,147
36,706
37,184
Gross domestic product........................................................................................................................
36,340
36,509
36,970
36,077
Gross national product..........................................................................................................................
35,475
36,307
36,471
36,674
36,935
30,494
31,052
31,242
Personal income.....................................................................................................................................
31,458
31,039
31,132
25,957
27,144
27,463
Disposable personal incom e................................................................................................................
27,170
27,313
27,732
27,891
25,271
Personal consumption expenditures..................................................................................................
24,531
25,408
25,579
25,740
26,191
25,985
Durable goods....................................................................................................................................
2,935
3,033
2,985
3,120
3,029
2,979
3,097
7,167
7,344
Nondurable goods.............................................................................................................................
7,358
7,356
7,453
7,633
7,578
15,517
Services...............................................................................................................................................
14,430
15,017
14,942
15,102
15,258
15,373
Chained (1996) dollars:
32,352
Gross domestic product........................................................................................................................
32,839
32,718
32,962
32,995
33,039
33,150
32,432
32,817
32,663
32,974
33,014
Gross national product..........................................................................................................................
32,936
23,692
24,479
Disposable personal incom e................................................................................................................
24,463
24,527
24,551
24,625
24,712
23,010
23,074
23,206
Personal consumption expenditures..................................................................................................
22,390
22,877
22,790
22,969
3,272
Durable goods....................................................................................................................................
3,478
3,416
3,588
3,503
3,477
3,650
6,565
6,712
6,691
6,829
Nondurable goods.............................................................................................................................
6,692
6,760
6,845
Services...............................................................................................................................................
12,622
12,787
12,771
12,812
12,850
12,849
12,866
Population (mid-period, thousands).......................................................................................................
284,822 287,456 287,072 287,770 288,475 289,109 289,836
Table 8.8B. Motor Vehicle Output
Table 8.9B. Real Motor Vehicle Output
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
2002
II
Motor vehicle output..............
Auto ou tp ut..........................
Truck o u tp u t! ......................
Final sales of domestic product......
Personal consumption
expenditures...............................
New motor vehicles....................
A utos........................................
Light trucks..............................
Net purchases of used au to s.....
Private fixed investment...............
New motor vehicles....................
A utos........................................
Trucks.......................................
Light trucks..........................
Other.....................................
Net purchases of used au to s....
Gross government investment....
Autos.............................................
New tru c k s ...................................
Net exports......................................
Exports.........................................
A utos........................................
Trucks.......................................
Imports..........................................
A utos.........................................
Trucks.......................................
Change in private inventories..........
Autos.................................................
New...............................................
Domestic...................................
Foreign......................................
Used..............................................
New trucks.......................................
Dom estic......................................
Foreign.........................................
Addenda:
Final sales of motor vehicles to
domestic purchasers..................
Private fixed investment in new
autos and new light trucks.........
Domestic output of new au to s2....
Sales of imported new au to s3
312.0
109.6
202.4
329.3
344.2
111.6
232.7
330.8
334.7
110.3
224.4
312.6
III
360.7
115.8
244.9
353.8
Seasonally adjusted at annual rates
2003
2001
IV
I
II
349.7
106.0
243.7
336.6
347.4
96.0
251.4
321.9
343.3
98.7
244.6
336.8
288.4 299.7 287.5 321.8 298.7
227.8
241.0
228.8
262.9 237.4
103.2
102.2
109.6
96.9
105.9
121.8
137.8
153.3
140.5
126.6
60.6
59.0
61.4
58.6
58.7
127.7 122.5 119.9 125.0 130.2
164.2
158.0
155.1
161.5
167.7
70.6
67.4
66.4
69.8
71.1
93.6
90.5
88.7
91.8
96.7
70.2
67.1
65.7
66.0
72.6
23.4
25.7
24.1
23.5
23.0
-36.5
-35.5
-35.2
-36.6
-37.5
13.7
12.4
13.3
12.7
14.3
3.8
3.7
3.6
3.9
4.3
9.4
8.9
9.9
9.0
10.0
-1 00.5 -1 04.6 -1 07.5 -1 05.4 -106.7
25.4
28.9
30.5
30.9
28.3
17.8
20.5
21.6
21.4
20.6
7.6
8.4
8.8
7.7
9.5
125.9
133.5
135.8
135.9
137.5
106.7
114.1
116.6
116.9
117.4
19.4
19.2
19.2
19.0
20.2
-1 7 .3
13.4
22.1
6.9
13.1
7.4
5.7
5.9
-6 .1
10.5
-6 .7
7.0
10.4
4.4
5.9
-7 .4
5.7
7.9
9.1
-.9
.7
-3 .4
1.2
6.8
1.3
.6
.5
.1
1.3
.0
-1 1 .3
6.0
1.2
7.2
11.6
-10.7
4.3
2.2
1.0
11.6
-.5
1.7
.1
-1 .0
6.2
289.2 311.3
259.7
233.1
99.4
102.4
133.7
157.3
51.7
56.1
116.3 116.0
144.1
149.3
56.5
63.3
87.7
86.0
65.7
65.8
20.2
22.0
-28.1
-33.0
13.9
10.3
3.4
4.0
10.0
6.9
-9 7 .5 -1 00.8
33.2
30.9
22.9
21.4
9.6
10.3
128.4
134.0
114.1
110.2
18.2
19.9
25.4
6.5
4.1
-5 .0
3.7
-5 .6
2.2
-3 .9
-1 .7
1.5
.7
.4
2.4
30.4
1.2
28.1
1.1
2.3
429.8
435.5
420.1
459.2
443.3
419.4
437.7
140.8
107.3
82.9
134.5
113.2
84.4
132.1
115.8
82.3
135.8
119.3
89.1
143.6
106.5
84.5
129.1
101.7
81.2
122.2
106.1
78.5
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 invest
ment.
2002
2002
II
Motor vehicle output.............
Auto output..........................
Truck o u tp u t1......................
Final sales of domestic product......
Personal consumption
expenditures...............................
New motor vehicles....................
A utos........................................
Light trucks..............................
Net purchases of used au to s.....
Private fixed investment...............
New motor vehicles....................
A utos........................................
Trucks.......................................
Light trucks..........................
Other.....................................
Net purchases of used autos.....
Gross government investment....
A utos.............................................
New tru c ks...................................
Net exports......................................
Exports.........................................
A utos........................................
Trucks.......................................
Imports.........................................
A utos........................................
Trucks.......................................
Change in private inventories..........
Autos.................................................
New...............................................
Dom estic..................................
Foreign......................................
Used..............................................
New trucks.......................................
Domestic......................................
Foreign.........................................
Residual................................................
Addenda:
Final sales of motor vehicles to
domestic purchasers..................
Private fixed investment in new
autos and new light tru c k s ........
Domestic output of new autos2....
Sales of imported new autos3
2003
IV
I
II
362.4
113.5
247.5
348.8
360.8
104.9
254.1
335.6
360.2
109.0
249.7
355.2
290.0 307.4 295.8 330.6 307.2
229.2
246.7
234.9
269.9
242.8
108.0
106.5
105.8
100.0
113.6
128.7
120.9
139.6
155.6
142.1
60.4
60.4
60.5
64.1
60.3
129.1
124.4 121.7 128.9 131.4
158.7
165.8
161.8
167.2
171.6
71.9
68.7
73.4
69.6
72.3
94.0
92.3
90.1
95.0
98.3
72.0
69.1
77.0
71.0
71.5
22.4
21.7
21.4
22.0
23.7
-36.7
-37.3
-37.0
-38.2
-40.2
13.7
12.7
14.4
13.3
12.5
3.7
3.7
3.5
3.4
4.2
10.0
9.2
10.2
9.6
9.2
-9 7 .8 -1 01.3 -104.3 -102.2 -103.1
24.0
27.0
26.6
28.6
28.5
17.2
19.7
20.2
19.6
20.7
7.0
7.0
7.9
7.5
8.5
121.8
128.4
130.9
130.7
131.7
103.7
110.2
112.9
113.0
112.9
18.9
18.2
18.2
18.0
17.8
-1 5 .9
20.1
11.7
12.1
6.3
-6 .2
7.7
10.8
6.0
6.0
-6.8
7.1
10.7
4.6
5.9
-7 .6
6.0
9.5
8.3
-1 .0
.7
1.2
1.2
-3 .3
6.5
.1
-.1
.6
.5
1.4
-8 .8
8.7
4.4
.9
5.3
-8.3
3.2
8.6
1.6
.9
-.5
1.4
.1
-.9
5.3
-3 .9
.7
2.0
1.1
-.6
299.3
240.7
103.8
136.3
58.3
117.4
152.8
66.1
86.8
69.2
18.3
-35.3
14.0
3.9
10.1
-9 4 .4
28.6
20.2
8.5
123.0
106.1
17.0
22.7
-5 .2
-5 .8
-4.1
-1 .6
.7
21.6
19.7
1.9
7.9
323.8
269.6
107.6
161.2
53.8
119.1
149.5
59.3
90.2
70.8
20.0
-30.1
10.5
3.3
7.2
-9 7 .4
30.6
21.6
9.1
128.1
109.6
18.5
5.7
4.3
3.8
2.3
1.4
.4
1.6
.9
.9
-1 .4
432.5
445.0
430.0
471.8
452.8
430.5
452.9
143.8
108.4
84.6
140.5
115.3
87.1
137.6
118.1
85.1
143.7
121.9
92.3
150.2
108.7
87.2
135.2
105.1
84.8
129.9
110.1
82.5
315.9
113.4
202.0
333.9
356.5
118.5
236.9
342.7
347.2
117.3
229.0
324.3
III
375.7
123.4
251.2
369.1
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 invest
ment.
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 addi
tive. 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.
August 2003
S urvey
of
D -29
C u r r e n t B u sin e s s
Table 8.30. Contributions to Percent Change in the Gross Domestic Purchases Price Index
Seasonally adjusted at annual rates
2001
2002
Percent change at annual rate:
Gross domestic purchases..............................................................................................................
Percentage points at annual rates:
Personal consumption expenditures................................................................................................
Durable goods....................................................................................................................................
Motor vehicles and p a rts..............................................................................................................
Furniture and household equipm ent...........................................................................................
Other................................................................................................................................................
Nondurable goods.............................................................................................................................
Food.................................................................................................................................................
Clothing and shoes........................................................................................................................
Gasoline, fuel oil, and other energy goods.................................................................................
Other................................................................................................................................................
Services...............................................................................................................................................
Housing...........................................................................................................................................
Household operation.....................................................................................................................
Electricity and gas.....................................................................................................................
Other household operation.......................................................................................................
Transportation.................................................................................................................................
Medical care....................................................................................................................................
Recreation.......................................................................................................................................
Other................................................................................................................................................
Gross private domestic investment..................................................................................................
Fixed investment..............................................................................................................................
Nonresidential.................................................................................................................................
Structures...................................................................................................................................
Equipment and software...........................................................................................................
Information processing equipment and software............................................................
Computers and peripheral equipment............................................................................
Softw are1...........................................................................................................................
Other....................................................................................................................................
Industrial equipm ent............................................................................................................
Transportation equipment.....................................................................................................
Other equipment....................................................................................................................
Residential......................................................................................................................................
Change in private inventories........................................................................................................
Farm ................................................................................................................................................
Nonfarm...........................................................................................................................................
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:
Final sales of com puters2.................................................................................................................
Gross domestic purchases less final sales of com puters...........................................................
Food.....................................................................................................................................................
Energy goods and services...............................................................................................................
Gross domestic purchases less food and energy.........................................................................
IV
III
I
II
1.9
1.2
2.3
1.2
1.8
3.4
.3
1.34
-.1 6
.01
-.17
.01
.29
.28
-.0 6
-.0 6
.12
1.21
.37
.15
.15
.00
.05
.37
.08
.19
.19
.19
.02
.15
-.14
-.1 6
-.1 7
.03
-.0 3
.01
-.01
.02
.17
.00
.00
.00
.41
.10
.06
.07
.00
.04
.04
.00
.31
.26
.05
.92
-.23
-.0 5
-.17
-.01
.08
.19
-.0 8
-.12
.09
1.07
.38
-.03
-.0 8
.05
.05
.28
.08
.32
-.0 8
-.0 6
-.15
-.02
-.13
-.14
-.11
-.01
-.02
.00
.00
.01
.09
-.0 2
.00
-.02
.31
.17
.09
.10
.00
.08
.08
.00
.14
.12
.02
1.83
-.23
-.1 0
-.12
-.01
.89
.05
-.04
.72
.16
1.18
.33
.00
.03
-.03
.11
.27
.11
.35
-.0 6
-.0 3
-.1 5
.02
-.17
-.13
-.06
-.05
-.02
-.01
-.03
-.01
.11
-.0 3
.00
-.03
.51
.15
.08
.08
.00
.06
.07
.00
.36
.33
.03
1.15
-.16
.03
-.16
-.02
.12
.09
-.11
.09
.06
1.19
.28
.13
.01
.12
.04
.30
.08
.36
-.1 6
-.1 4
-.14
.01
-.15
-.11
-.1 0
.01
-.02
.02
-.06
.01
.00
-.0 3
.00
-.02
.26
.08
.06
.06
.00
.02
.02
.00
.18
.17
.00
1.22
-.18
-.01
-.16
-.01
.24
.17
-.01
.18
-.09
1.17
.28
.09
.05
.04
.07
.33
.08
.32
.24
.25
.04
.05
-.01
-.14
-.10
-.01
-.02
.01
.11
.00
.21
-.01
.00
-.01
.28
.02
.05
.04
.01
-.03
-.03
.00
.26
.25
.01
1.84
-.2 9
-.06
-.16
-.07
.90
.16
-.15
.94
-.05
1.23
.25
.35
.29
.06
-.01
.12
.10
.43
.19
.28
-.04
.09
-.14
-.1 7
-.11
-.07
.00
.02
.00
.02
.32
-.0 9
.00
-.09
1.41
.62
.38
.37
.00
.24
.24
.00
.79
.71
.08
.59
-.30
-.06
-.22
-.02
-.38
.23
-.11
-.51
.01
1.27
.15
.18
.24
-.07
.08
.41
.07
.40
-.1 8
-.21
-.16
-.03
-.13
-.10
-.08
-.01
-.01
.01
-.05
.02
-.05
.03
.00
.03
-.1 3
.04
.02
.02
.00
.02
.02
.00
-.1 8
-.18
.00
-.2 7
2.21
.28
.09
1.57
-.1 9
1.34
.18
-.26
1.23
-.11
2.39
.04
.93
1.31
-.16
1.41
.06
.14
1.05
-.19
1.94
.17
.31
1.27
-.17
3.61
.17
1.64
1.63
-.14
.41
.23
-.56
.60
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
NOTE.The price indexes on which the estimates in this table are based are shown in tables 7 .1 ,7 .2 , 7 .4 ,7 .6 , and 7.11.
2003
2002
II
D-30
August 2003
B. O th er NIPA and NIPA -R elated Tables
Monthly Estimates
Tables B. 1 and B.2 include the most recent estimates of personal income and its components; these estimates were
released on August 1, 2003, and they include “preliminary” estimates for June 2003 and “revised” estimates for
April-May 2003.
Table B.1. Personal Income
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
2002
2001
May
Personal Income....................................................................
Wage and salary disbursements.........................................
Private industries..
Goods-producing industries.......................................
Manufacturing
Distributive industries
Service industries
Government.........
Other labor income..
Proprietors' income with IVA and CCAdj.............................
Farm.................................................................................
Nonfarm............................................................................
Rental income of persons with CCAdj.................................
Personal dividend income...................................................
Personal interest income.....................................................
Transfer payments to persons.............................................
Old-age, survivors, disability, and health insurance.......
benefits.........................................................................
Government unemployment insurance benefits.............
Other................................................................................
Less: Personal contributions for social insurance...................
8,685.3
4,950.6
4,139.8
1,142.4
789.4
1,109.2
1,888.2
810.8
570.4
727.9
19.0
708.8
137.9
409.2
1,091.3
1,170.4
664.3
31.9
474.2
372.3
2003
2002
8,922.2 8,904.9
4,996.4 4,989.0
4,143.6 4,140.7
1,115.7 1,119.3
758.7
764.3
1,114.4 1,113.2
1,913.5 1,908.2
852.8
848.3
610.6
603.9
746.0
756.5
12.9
5.1
743.7
740.9
142.4
153.5
433.8
430.3
1,078.5 1,082.3
1,288.0 1,282.9
699.8
62.9
525.4
384.0
Preliminary.
' Revised.
696.3
67.7
518.9
383.0
June
July
Aug.
Sep.
8,971.7
5,034.0
4,183.1
1,128.2
771.2
1,124.7
1,930.2
851.0
608.5
745.1
3.3
741.7
158.7
432.7
1,088.9
1,289.9
8,934.8
4,985.0
4,131.4
1,111.4
756.8
1,111.3
1,908.7
853.6
613.0
755.0
7.7
747.4
152.4
435.0
1,084.8
1,293.2
8,958.7
5,009.8
4,152.1
1,117.0
759.1
1,118.4
1,916.7
857.7
617.5
757.4
10.7
746.7
144.1
437.3
1,080.7
1,297.3
697.4
70.8
521.7
386.1
699.2
68.1
525.9
383.7
701.9
66.9
528.5
385.4
Oct.
8,983.1 8,983.1
5,027.4 5,009.7
4,167.4 4,146.4
1,117.3 1,110.7
757.8
753.8
1,123.7 1,112.5
1,926.4 1,923.3
860.0
863.3
622.1
625.9
769.7
763.8
13.8
13.0
756.7
750.0
133.2
135.9
439.4
441.6
1,076.7 1,078.8
1,304.6 1,309.9
704.6
67.8
532.3
386.7
704.5
66.0
539.4
385.7
Nov.
9,007.1
5,020.1
4,154.5
1,107.1
750.4
1,114.6
1,932.8
865.6
630.1
770.4
11.8
758.6
130.6
443.8
1,080.9
1,317.6
Dec.
Jan.
Feb.
Mar.
9,047.4 9,069.1 9,096.0 9,119.2
5,039.5 5,050.9 5,074.1 5,083.4
4,172.2 4,175.1 4,191.9 4,198.4
1,110.0 1,109.5 1,111.0 1,113.5
751.8
751.3
752.7
752.9
1,116.7 1,114.5 1,117.8 1,118.5
1,945.5 1,951.1 1,963.1 1,966.4
867.3
875.8
882.2
885.0
634.4
641.1
637.0
639.4
774.6
783.3
787.7
782.3
10.2
12.3
14.4
15.9
764.4
771.0
767.9
771.7
127.9
127.5
126.2
126.9
453.7
446.0
448.6
451.2
1,083.1 1,079.4 1,075.8 1,072.2
1,329.8 1,333.9 1,339.6 1,348.9
710.3
63.3
544.0
386.6
717.6
63.3
548.9
388.0
718.2
60.9
554.8
391.6
722.4
61.5
555.7
393.2
727.1
63.6
558.1
394.0
Dec.
Jan.
Feb.
Mar.
Apr.'
M ay'
June'’
9,139.5
5,082.5
4,195.6
1,111.6
748.8
1,118.3
1,965.6
886.9
642.8
797.1
15.8
781.3
121.8
456.4
1,076.9
1,356.0
9,169.4
5,092.1
4,202.7
1,114.7
749.3
1,119.2
1,968.8
889.4
645.2
803.5
15.0
788.5
116.2
459.1
1,081.6
1,366.5
9,198.7
5,107.0
4,212.6
1,116.3
749.4
1,121.1
1,975.2
894.4
646.9
809.9
14.8
795.2
111.0
461.5
1,086.3
1,371.9
729.6
64.8
561.6
394.1
737.3
65.7
563.4
394.8
738.5
67.8
565.5
395.9
M ay'
June'’
CCAdj Capital consumption adjustment.
IVA Inventory valuation adjustment.
Source: U.S. Bureau of Economic Analysis.
"
Table B.2. The Disposition of Personal Income
[Monthly estimates seasonally adjusted at annual rates]
2002
2001
2003
2002
May
June
July
Aug.
Sep.
Oct.
Nov.
Apr.r
Billions of dollars, unless otherwise indicated
Personal income...............................................................
8,685.3 8,922.2 8,904.9 8,971.7 8,934.8 8,958.7 8,983.1 8,983.1 9,007.1 9,047.4 9,069.1 9,096.0 9,119.2 9,139.5 9,169.4 9,198.7
Less: Personal tax and nontax payments........................... 1,292.1 1,111.9 1,119.6 1,122.0 1,101.4 1,098.8 1,096.8 1,089.6 1,088.5 1,092.2 1,070.1 1,078.3 1,083.1 1,083.1 1,085.1 1,088.3
Equals: Disposable personal income............................. 7,393.2 7,810.3 7,785.3 7,849.7 7,833.4 7,859.9 7,886.4 7,893.6 7,918.6 7,955.2 7,998.9 8,017.7 8,036.1 8,056.4 8,084.3 8,110.5
Less: Personal outlays........................................................
7,223.5 7,524.5 7,467.9 7,501.8 7,579.9 7,601.6 7,567.5 7,592.0 7,626.0 7,704.1 7,707.7 7,705.4 7,769.8 7,782.3 7,815.8 7,841.3
Personal consumption expenditures............................... 6,987.0 7,303.7 7,244.6 7,276.7 7,355.7 7,379.3 7,347.2 7,374.3 7,410.7 7,491.2 7,493.4 7,490.3 7,553.9 7,563.2 7,593.9 7,616.5
845.2
Durable goods............................................................
835.9
871.9
857.4
901.6
919.0
872.8
848.1
857.7
871.7
894.1
915.9
866.3
845.7
901.2
897.3
Nondurable goods......................................................
2,041.3 2,115.0 2,101.9 2,111.7 2,117.8 2,117.3 2,115.6 2,137.5 2,150.2 2,162.1 2,193.3 2,203.7 2,223.3 2,193.5 2,193.2 2,202.4
Services.....................................................................
4,109.9 4,316.8 4,297.4 4,307.6 4,336.3 4,343.0 4,358.8 4,388.6 4,402.7 4,413.2 4,433.8 4,441.0 4,458.9 4,475.6 4,503.3 4,512.9
Interest paid by persons.................................................
188.4
205.4
191.3
193.2
191.3
189.3
187.4
185.0
182.5
180.1
180.9
181.7
185.4
182.5
188.3
191.2
Personal transfer payments to the rest of the world (net)
31.1
32.3
32.9
32.9
32.8
31.9
31.9
32.9
32.8
32.8
33.4
33.4
33.4
33.6
33.6
33.6
Equals: Personal saving..................................................
169.7
285.8
317.5
253.5
258.3
347.9
318.8
301.5
292.7
251.1
291.2
266.4
274.1
312.3
269.2
268.5
Addenda:
Disposable personal income:
Billions of chained (1996) dollars’ .............................
6,748.0 7,032.2 7,024.4 7,073.9 7,049.5 7,057.4 7,067.2 7,061.5 7,079.4 7,105.9 7,131.0 7,118.2 7,109.1 7,140.0 7,170.3 7,177.0
Per capita:
Current dollars............................................................
25,957 27,170 27,120 27,324 27,245 27,313 27,381
27,383 27,450 27,557 27,688 27,733 27,774 27,821 27,893 27,958
Chained (1996 dollars)...............................................
23,692 24,463 24,470 24,623 24,518 24,525 24,537 24,497 24,540 24,615 24,684 24,622 24,571 24,656 24,740 24,740
Population (thousands)2................................................. 284,822 287,456 287,067 287,284 287,519 287,768 288,024 288,263 288,480 288,682 288,893 289,098 289,335 289,579 289,830 290,100
Personal consumption expenditures:
Billions of chained (1996) dollars............................... 6,377.2 6,576.0 6,536.6 6,557.5 6,619.7 6,625.9 6,584.0 6,596.9 6,625.3 6,691.4 6,680.3 6,649.9 6,682.5 6,702.9 6,735.3 6,739.9
Durable goods........................................................
931.9
999.9
966.3
983.2 1,036.4 1,057.3 1,003.5
977.0
991.7 1,062.9 1,008.7
987.6 1,019.8 1,048.6 1,058.6 1,066.6
Nondurable goods..................................................
1,869.8 1,929.5 1,919.7 1,926.9 1,931.0 1,926.2 1,920.2 1,937.9 1,950.0 1,962.0 1,984.4 1,972.0 1,980.4 1,970.8 1,982.6 1,984.2
Services.................................................................
3,594.9 3,675.6 3,672.4 3,672.9 3,688.5 3,683.4 3,689.0 3,704.0 3,708.7 3,708.1 3,716.2 3,714.2 3,714.2 3,721.6 3,734.0 3,731.3
Implicit price deflator, 1996=100................................
109.56 111.06 110.83 110.97 111.12 111.37 111.59 111.79 111.86 111.95 112.17 112.64 113.04 112.83 112.75 113.01
Personal saving as percentage of disposable personal
income.........................................................................
3.7
2.3
4.1
4.4
3.2
3.8
3.3
4.0
3.7
3.2
3.6
3.4
3.9
3.3
3.3
3.3
Percent change from preceding period, monthly changes at monthly rates
Personal income, current dollars....................................
Disposable personal income:
Current dollars.................................................................
Chained (1996) dollars...................................................
Personal consumption expenditures:
Current dollars.................................................................
Chained (1996) dollars...................................................
3.3
2.7
0.4
0.7
-0.4
0.3
0.3
0.0
0.3
0.4
0.2
0.3
0.3
0.2
0.3
0.3
3.8
1.8
5.6
4.2
0.6
0.6
0.8
0.7
-0.2
-0.3
0.3
0.1
0.3
0.1
0.1
-0.1
0.3
0.3
0.5
0.4
0.5
0.4
0.2
-0.2
0.2
-0.1
0.3
0.4
0.3
0.4
0.3
0.1
4.5
2.5
4.5
3.1
0.0
0.1
0.4
0.3
1.1
0.9
0.3
0.1
-0.4
-0.6
0.4
0.2
0.5
0.4
1.1
1.0
0.0
-0.2
0.0
-0.5
0.8
0.5
0.1
0.3
0.4
0.5
0.3
0.1
Preliminary.
2. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized
' Revised
population. The monthly estimate is the average of estimates for the first of the month and the first of the following month;
, _
,' .
„
.....................................................
,
the annual estimate is the average of the monthly estimates.
1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
Source: U.S. Bureau of Economic Analysis.
"
August 2003
S urvey
of
D-31
C u r r e n t B u s in e s s
Annual Estimates
Except as noted for table B.3 below, these tables are derived from the NIPA tables that were published in the
August and September 2002 issues of the Survey o f C urrent B usiness, and the estimates reflect the most recent
comprehensive and annual NIPA revisions.
Table B.3. Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1999-2001
Billions of dollars
1999
2000
Gross domestic product.......
9,274.3
9,824.6
Private industries..............................
8,123.0
Agriculture, forestry, and fishing
Farms.........................................
Agricultural services, forestry,
and fishing.............................
Billions of chained (1996) dollars
2001
1999
2000
2001
10,082.2
8,859.0
9,191.4
9,214.5
8,606.9
8,800.8
7,851.0
8,157.8
8,189.4
127.7
75.2
134.3
77.8
140.6
80.6
154.6
108.1
166.7
120.5
163.9
114.3
52.5
56.5
60.1
46.2
47.6
49.1
Mining............................................
Metal mining..............................
Coal m ining...............................
Oil and gas extraction.................
Nonmetallic minerals, except
fuels.......................................
104.1
5.6
10.8
76.4
133.1
5.2
9.2
106.5
139.0
5.7
10.5
110.3
114.7
9.0
13.5
82.0
101.9
8.0
11.9
70.5
106.8
9.6
13.9
72.9
11.4
12.2
12.6
10.7
12.2
12.4
Construction..................................
425.4
461.3
480.0
367.8
378.0
371.9
1,481.3
853.8
44.1
25.8
1,520.3
886.4
42.1
26.1
1,423.0
812.8
39.2
25.0
1,513.9
949.3
40.9
23.7
1,585.4
1,044.3
41.8
24.1
1,490.3
990.1
39.0
22.4
41.4
50.5
106.9
40.6
50.2
109.6
36.7
45.1
100.8
37.4
57.0
97.7
37.2
56.1
102.7
33.9
53.5
92.3
152.3
173.1
148.2
206.7
249.2
222.5
161.2
119.4
162.0
120.4
143.1
111.4
249.2
115.0
311.8
117.3
335.2
108.5
65.1
66.3
71.4
61.7
60.5
62.0
58.2
63.5
61.7
47.6
51.0
46.1
28.9
627.5
136.6
19.4
24.9
32.5
633.9
127.0
21.2
23.8
30.2
610.2
123.7
21.1
22.1
27.4
570.8
120.5
6.8
23.0
31.3
558.0
111.2
6.2
23.2
28.5
518.3
106.5
5.0
20.7
24.7
56.8
105.4
167.3
30.4
24.7
60.2
106.5
169.0
38.5
23.3
55.9
100.2
163.5
40.6
22.9
56.1
90.4
160.6
35.3
23.3
53.1
90.1
162.8
29.9
22.3
49.7
80.8
157.8
24.6
58.7
3.4
59.3
3.7
56.6
3.3
57.6
3.2
61.3
3.6
770.1
301.9
23.1
809.3
313.7
24.8
819.5
306.1
25.8
732.2
268.6
22.4
781.9
282.5
25.0
17.9
121.4
13.4
90.0
6.2
18.3
123.3
15.0
91.9
6.3
19.1
126.0
15.7
80.2
6.5
16.8
100.2
12.0
80.7
6.6
17.2
103.4
13.4
84.8
6.4
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...................
Apparel and other textile
products.............................
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous
Leather and leather products
Transportation and public utilities ...
Transportation................................
Railroad transportation..............
Local and interurban passenger
Water transportation..................
Pipelines, except natural gas.....
2000
2001
1999
2000
2001
Transportation services..........
Communications.........................
Telephone and telegraph........
Radio and television................
Electric, gas, and sanitary
services..................................
29.9
257.2
193.7
63.6
34.1
279.1
208.0
71.1
32.9
291.5
218.5
72.9
29.8
255.3
205.3
51.5
32.4
286.7
236.7
53.4
31.2
321.9
265.7
60.0
211.0
216.5
221.9
208.8
213.9
194.3
Wholesale trade.............................
645.3
696.8
680.7
708.6
750.2
748.7
Retail trade....................................
831.7
887.3
931.8
846.2
909.2
951.2
1,798.8
330.3
57.7
128.2
153.8
1,976.7
361.1
69.5
150.8
182.4
2,076.9
359.8
88.8
175.0
170.1
1,688.3
274.9
65.4
174.8
133.0
1,793.5
287.4
79.0
216.8
146.0
1,843.5
290.4
91.9
245.1
141.2
61.5
1,050.5
766.9
283.5
61.6
1,123.7
811.4
312.3
66.5
1,171.7
845.1
326.6
54.6
982.1
704.1
279.3
51.9
1,016.7
722.9
295.5
53.5
1,022.0
725.6
298.2
Finance, insurance, and real
estate .........................................
Depository institutions...............
Nondepository institutions.........
Security and commodity brokers
Insurance carriers.......................
Insurance agents, brokers, and
service....................................
Real estate ..................................
Nonfarm housing services.....
Other 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
Health services...........................
Legal services.............................
Educational services...................
Social services............................
Membership organizations........
Other services.............................
Private households.....................
16.8
27.7
45.0
10.0
13.7
22.7
1,977.2
80.0
58.5
501.0
2,116.4
87.4
59.3
534.4
2,226.6
88.4
62.7
544.1
1,768.4
64.5
53.6
449.6
1,826.0
68.4
52.9
460.1
1,843.3
65.6
53.3
459.4
89.2
24.9
31.2
94.9
27.7
32.5
99.5
27.0
35.5
81.8
19.9
28.5
84.8
20.9
27.9
87.5
17.7
29.5
72.6
515.4
123.6
72.3
61.9
58.0
276.0
12.7
76.6
548.5
134.4
77.9
67.7
61.4
300.3
13.6
79.3
589.8
145.6
84.4
74.7
63.0
320.7
11.9
63.6
470.7
111.0
62.4
53.9
48.1
250.2
11.7
63.6
487.9
116.8
64.1
56.0
47.8
263.9
12.0
62.6
501.2
120.2
66.5
58.4
46.6
267.1
10.1
Statistical discrepancy1................
-38.8
-128.5
-117.3
-37.3
-121.3
-108.3
57.0 Government........................................
3.1
Federal...........................................
General government...................
780.5
Government enterprises............
270.3
25.0
State and local...............................
17.2
Government enterprises............
99.3
13.3
78.3 Not allocated by industry2.................
6.0
1,151.3
1,217.7
1,281.3
1,061.1
1,088.8
1,107.5
369.8
307.6
62.2
389.5
323.4
66.1
396.2
332.8
63.4
346.5
285.2
61.4
355.0
289.4
66.0
350.9
291.3
59.4
781.5
715.9
65.6
828.2
758.7
69.4
885.1
807.0
78.1
714.4
653.7
60.7
733.6
669.0
64.7
756.1
687.0
69.4
-97.1
-159.1
-204.4
1. The current-dollar statistical discrepancy equals gross domestic product (GDP) measured as the sum of
expenditures less gross domestic income— that is, GDP measured as the costs incurred and profits earned in
domestic production. The chained (1996) dollar statistical discrepancy equals the current-dollar statistical
discrepancy deflated by the implicit price deflator for gross domestic business product.
2. Equals GDP in chained (1996) dollars less the statistical discrepancy and the sum of GDP by industry of the
Billions of chained (1996) dollars
Billions of dollars
1999
detailed industries. The value of not allocated by industry reflects the nonadditivity of chained-dollar estimates
and the differences in source data used to estimate real GDP by industry and the expenditures measure of real
GDP.
Note. Estimates are based on the 1987 Standard Industrial Classification. The table is derived from tables 1
and 6 in “Gross Domestic Product by Industry for 1999-2001” in the November 2002 Survey.
D-32
National Data
August 2003
Table B.4. Personal Consumption Expenditures by Type of Expenditure
Billions of chained (1996)
dollars
Billions of dollars
1999
2000
2001
1999
2000
2001
Personal consumption expenditures..................
6 ,2 4 6 .5
6 ,6 8 3 .7
6 ,9 8 7 .0
5 ,9 6 4 .5
6 ,2 2 3 .9
6 ,3 7 7 .2
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 offpremise consumption (n.d.)..........
Other alcoholic beverages (n.d.)........
9 64.7
1 ,0 2 7 .2
1 ,0 6 8 .7
8 88 .9
9 19 .4
9 26.0
537.7
351.5
568.6
376.5
589.0
393.2
512.4
325.4
530.0
339.8
533.6
344.0
9.1
.5
65.9
9.4
.5
72.2
9.7
.5
76.3
8.5
.5
43.4
8.7
.5
42.8
8.8
.5
42.1
786.2
834.2
866.2
741.0
768.8
775.2
65.2
47.4
70.3
50.5
73.1
53.1
62.5
43.3
65.4
44.8
Clothing, accessories, and jewelry.............................
Shoes (n.d.).................................................................
Clothing and accessories except shoes2..................
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
3 91 .2
4 09 .8
6 34 .3
514 .2
550 .0
88.4
74.2
80.0
98.9
258.1
259.5
96.2
62.4
16.5
31.0
102.8
65.2
16.4
33.2
103.9
70.4
17.5
35.3
82.3
54.7
14.6
28.1
82.0
54.4
14.1
28.9
80.3
55.7
14.6
29.4
Transportation................................................................
User-operated transportation....................................
New autos (d.)........................................................
Net purchases of used autos (d.).........................
Other motor vehicles (d .).....................................
4 35 .9
Tires, tubes, accessories, and other parts (d.)...
49.9
Repair, greasing, washing, parking, storage,
287.5
rental, and leasing (s.).....................................
187.1
Gasoline and oil (n.d.)...........................................
100.5
Bridge,
tunnel, ferry, and road tolls (s.)..............
.3
Insurance19 (s.)......................................................
Purchased local transportation.................................
13.7
Mass transit systems (s.).....................................
58.0
Taxicab (s.)..............................................................
27.0
Purchased intercity transportation...........................
Railway (s.).............................................................
81.5
Bus (s.)....................................................................
53.6
Airline (s.)................................................................
27.8
Other20 (s.).............................................................
7 0 7 .8
7 68 .9
7 94 .8
7 04 .8
7 26 .8
750.4
654.7
98.4
57.7
118.7
44.4
711.9
105.5
59.4
125.9
45.9
742.0
105
60.6
149.0
45.8
653.1
99.9
59.
116.8
45.3
673.9
107.0
60.4
123.9
46.7
699.8
108.0
60.4
147.3
45.4
165.1
129.3
4.4
36.8
12.4
175.5
164.4
4.6
30.7
12.7
9.1
3.6
44.3
156.7
136.4
3.8
34.1
12.5
8.7
3.8
39.3
.7
162.1
135.7
3.9
34.3
9.0
3.5
40.3
162.2
138.8
3.9
34.3
12.7
9.1
3.5
38.0
32.7
5.3
1.5
36.7
5.2
181.6
162.1
4.9
32.1
13.2
9.5
3.7
39.7
.9
1.5
32.4
4.8
31.7
5.0
1.3
33.4
4.7
1.3
31.6
4.3
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 sports21 (s.)..........................................
Clubs and fraternal organizations22 (s .)..................
Commercial participant amusements23 (s .)...........
Pari-mutuel net receipts (s.)........
Other24 (s .)...................................
5 26 .5
564 .7
593 .9
5 58.3
6 04 .9
644.6
30
32.5
60.4
33.2
34.2
62.7
35.1
35.2
66.7
30.2
30.8
67.8
32.5
31.8
74.5
34.1
32.1
82.6
50.4
55.3
60.8
Education and research...................
Higher education25 (s.)..............................................
Nursery, elementary, and secondary schools26 (s.)
Other27 (s.)..................................................................
66.5
45.3
4 04 .9
4 28.4
46.4
265.4
172.6
92.9
.3
48.8
280.3
183.1
97.3
.3
14.6
48.5
27.0
15.5
51.1
29.5
15.6
51.0
30.8
13.8
53.7
25.6
14.3
58.1
27.1
Personal care.................................................................
Toilet articles and preparations (n .d .).....................
Barbershops, beauty parlors, and health clubs (s.)
84.0
8 7.8
89.1
80.0
8 1.7
55.1
28.9
56.5
31.2
56.5
32.6
53.4
26.6
54.1
27.6
Housing.........................................................................
Owner-occupied nonfarm dwellings-space rent *
9 12.6
9 60.0
1 ,0 1 4 .5
8 35.0
8 51.3
8 66.0
(s.).............................................................
666.4
202.8
7.2
36.1
704.9
207.8
7.6
39.6
751.0
217.1
8.0
38.5
610.7
185.8
6.1
32.5
627.3
184.0
6.0
34.1
643.5
184.3
5.9
32.5
Household operation....................................................
Furniture, including mattresses and bedsprings
6 77.7
7 23 .9
7 47 .3
6 77.7
7 12.2
7 21.8
60.3
34.1
31.4
61.6
36.8
64.4
35.7
33.3
65.1
38.3
64.0
36.1
34.1
66.4
38.7
60.6
35.5
31.8
61.9
38.9
65.0
37.5
34.2
65.9
41.6
65.7
38.3
35.9
68.0
43.0
56.9
22.6
190.1
96.7
33.3
46.6
13.6
122.3
14.9
46.6
59.3
23.4
209.2
101.5
40.8
48.8
18.1
130.6
16.0
48.5
61.7
23.5
221.7
105.3
49.1
50.7
16.5
136.5
14.6
50.0
54.4
21.2
190.1
101.0
31.6
43.0
14.7
127.1
13.7
43.0
54.4
22.3
195.0
104.4
32.9
43.9
14.0
141.1
14.1
42.9
54.6
22.4
191.3
101.2
33.3
44.4
12.6
151.2
12.4
42.9
Medical care..................................................................
Drug preparations and sundries 11 (n.d.)..............
Ophthalmic products and orthopedic appliances
1 ,0 9 7 .9
1,171.1
1 ,2 7 0 .2
1 ,0 2 5 .5
1 ,0 6 2 .0
1 ,1 1 0 .2
139.2
156.3
176.4
129.4
140.6
152.3
(d-)..............................................................
21.6
230.3
58.3
137.0
445.8
370.7
245.9
42.4
82.5
75.1
65.7
57.7
1.5
6.5
22.9
244.3
62.7
142.8
471.5
392.3
259.7
44.8
87.8
79.2
70.6
63.0
1.7
5.9
21.6
266.7
67.5
153.5
509.6
425.9
281.0
50.8
94.1
83.6
75.0
66.8
1.8
6.4
20.6
218.7
51.1
126.5
418.1
350.7
229.8
41.0
79.9
67.5
61.3
49.5
.9
10.8
21.3
228.0
52.5
128.5
427.4
359.8
234.8
42.2
82.8
67.7
63.8
51.4
1.0
11.4
19.4
242.1
54.4
133.9
443.9
376.8
244.1
46.6
86.2
67.5
64.5
51.6
1.0
12.1
(d.)..............................................................
Physicians (s.)..........................................................
Dentists (s.)...............................................................
Other professional services 12 (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’ compensation 16 (s.)............................
* Because of rapid changes in relative prices, the chained-dollar estimates for computers are especially misleading as a
measure of the contribution or relative importance of this component.
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 miscella
neous 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 dismem
berment 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 bene
fits 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 agen
cies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks,
credit agencies, and investment companies.
1999
632 .5
47.0
267.9
172.6
95.3
.3
Kitchen and other household appliances7 (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 .)..............................................
Other10 (s .).................
2001
72.2
412 .6
Tenant-occupied nonfarm dwellings—rent5 (s.)...
Rental value of farm dwellings (s.).......................
Other6 (s.)................................................................
2000
575 .2
46.3
267.1
171.9
95.2
.3
(s.)......................................................
1999
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 .)...............................
Other18 (s.)..................................................................
44.7
256.1
164.1
92.0
.3
Jewelry and watches (d .)...........................................
Other3 (s.)....................................................................
Billions of chained (1996)
dollars
Billions of dollars
550.1
86.2
60.7
8.6
3.8
40.7
.7
2.0
.8
227.4
1.8
12.6
.8
.8
52.3
58.1
64.5
152.7
185.5
211.5
78.3
91.0
3.9
17.4
90.7
122.0
4.0
17.5
23.1
99.0
152.6
4.1
17.9
23.9
7.1
66.7
31.4
4.1
16.7
25.0
7.6
71
34.5
4.1
17.5
27.1
7.8
72.7
32.9
4.2
18.5
29.4
8.7
8.9
8.5
15.9
63.0
4.5
125.1
9.9
9.5
16.7
68.4
4.7
134.4
10.6
10.1
8.4
8.7
17.3
73.3
4.8
142.9
7.7
14.7
58.8
4.2
114.2
14.9
61.6
4.3
118.7
14.9
63.9
4.3
122.2
152.1
1 64 .0
1 74.9
1 36.8
1 41 .3
144.9
79.3
32.0
40
83.1
34.0
46.9
87.6
35.5
51.7
71.5
29.2
36.1
72.2
29.8
39.2
73.6
29.9
41.3
22.6
6.9
8.1
6.6
8.1
8.1
Religious and welfare activities28 (s.)..
1 72 .9
190.1
1 99.6
1 57 .5
1 64 .9
1 66.4
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.).........................................................................
-1 6 .0
-1 6 .1
-1 2 .9
-1 1 .7
-7 .5
72.3
3.2
80.9
3.3
76.3
3.6
70.9
3.6
78.7
4.0
- 5 .0
89.6
98.3
90.6
84.2
88.2
1.9
2.0
2.2
1.9
1.9
2.1
-41.6
-72.6
-100.5
Residual
73.3
4.4
80.6
18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associa
tions, employment agency fees, money order fees, spending for classified advertisements, tax return preparation services,
and other personal business services.
19. Consists of premiums, less benefits and dividends, for motor vehicle insurance.
20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares.
21. Consists of admissions to professional and amateur athletic events and to racetracks.
22. Consists of dues and fees excluding insurance premiums.
23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other
commercial participant amusements.
24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable TV, film
processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational services, not else
where classified.
25. For private institutions, equals current expenditures (including consumption of fixed capital) less receipts— such as
those from meals, rooms, and entertainments— accounted tor 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 institu
tions, equals student payments of tuition. Excludes child day care services, which are included in religious and welfare activ
ities.
27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational services,
not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research organizations
and foundations for education and research.
28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social
welfare, foreign relief, and political organizations, museums, libraries, and foundations. The expenditures are net of
receipts— such as those from meals, rooms, and entertainments— accounted for separately in consumer expenditures, and
excludes relief payments within the United States and expenditures by foundations for education and research. For propri
etary and government institutions, equals receipts from users.
29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in 1981.
30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student
expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981.
Note. Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
Chained (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.
August 2003
Survey
of
Table B.5. Private Fixed Investment in Structures by Type
1999
2000
Table B.6. Private Fixed Investment in Equipment and Software by Type
Billions of chained (1996)
dollars
Billions of dollars
2001
1999
2000
Private fixed investment in structures.........
678.5
731.0
759.9
617.9
638.5
634.9
283.7
314.2
324.5
258.6
275.5
270.9
New................................................................
283.1
313.5
320.8
258.0
274.7
267.7
Nonresidential buildings, excluding farm
Industrial..............................................
Commercial.........................................
Office buildings1...........................
Other2.............................................
Religious..............................................
Educational...........................................
Hospital and institutional.....................
Other3..................................................
201.8
28.7
110.1
55.4
54.7
7.2
10.3
15.1
30.4
217.9
28.0
122.8
64.7
58.1
7.8
12.4
16.1
30.8
210.1
25.6
118.5
60.5
58.0
8.1
13.7
16.8
27.4
181.0
25.8
98.7
49.6
49.1
6.4
9.3
13.5
27.2
187.1
24.0
105.5
55.6
49.9
6.7
10.6
13.8
26.5
173.6
21.1
97.9
50.0
48.0
6.7
11.3
13.9
22.6
Utilities......................................................
Railroads...............................................
Telecommunications............................
Electric light and power........................
Gas........................................................
Petroleum pipelines..............................
47.3
4.7
18.3
14.7
8.1
1.5
53.7
4.3
18.7
21.3
8.5
1.0
55.0
4.1
18.4
22.7
8.9
.9
45.7
4.7
18.2
14.0
7.6
1.4
50.4
4.2
18.2
19.5
7.6
.9
50.3
4.2
17.3
20.1
7.8
.8
Farm.........................................................
Mining exploration, shafts, and wells......
Petroleum and natural gas...................
Other.....................................................
Other4.......................................................
5.1
22.8
21.6
1.2
6.2
6.0
29.2
28.0
1.1
6.7
6.1
42.7
41.3
1.4
6.8
4.5
21.6
20.4
1.1
5.7
5.1
27.0
26.0
1.0
6.0
5.1
34.0
32.8
1.2
5.9
2.2
2.4
2.5
2.5
2.3
2.4
Net purchases of used structures.................
-1.8
-1.9
1.2
-1.6
-1.6
1.0
Residential.........................................................
394.8
416.8
435.4
359.4
363.0
364.0
New................................................................
344.4
363.6
377.8
311.7
315.1
315.2
New housing units....................................
Permanent site.....................................
Single-family structures...................
Multifamily structures......................
Manufactured homes...........................
Improvements..........................................
Other5.......................................................
250.1
236.1
208.6
27.4
14.0
93.0
1.3
259.7
248.9
220.7
28.3
10.8
102.4
1.4
271.6
262.8
232.1
30.7
8.8
104.6
1.6
225.6
212.2
189.0
23.4
13.2
84.9
1.2
224.2
213.9
191.0
23.0
10.0
89.7
1.2
225.5
217.0
192.6
24.4
8.1
88.4
1.4
Brokers’ commissions on sale of structures
Net purchases of used structures.................
53.9
-3.5
56.2
-2.9
60.0
-2.3
51.0
-3.1
50.6
-2.5
50.9
-1.9
Residual..............................................................
-.9
-.9
-1.0
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 build
ings 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.
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 addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
Billions of chained (1996)
dollars
Billions of dollars
2001
Nonresidential....................................................
Brokers’ commissions on sale of structures
D -33
C u r r e n t B u s in e s s
1999
2000
2001
1999
2000
2001
Private fixed investment in equipment
and software........................................
898.7
960.8
886.4
984.8 1,065.4
997.6
Nonresidential equipment and software...........
889.8
951.6
877.1
975.9 1,056.0
988.2
Information processing equipment and
software........................................................
Computers and peripheral equipment1
Software2.....................................................
Communication equipment.........................
Instruments..................................................
Photocopy and related equipment..............
Office and accounting equipment...............
402.3
90.4
162.5
93.7
38.2
10.5
7.0
446.9
93.3
179.4
116.6
40.6
9.5
7.5
404.3
74.2
180.4
90.6
43.6
8.0
7.6
508.1
207.4
169.3
102.5
37.9
10.7
7.1
583.3
246.4
184.4
132.1
40.1
9.5
7.5
548.5
239.9
182.0
105.8
42.6
8.0
7.8
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..................................
150.4
13.4
5.7
34.2
38.3
164.9
13.8
7.0
35.3
44.4
159.0
13.7
9.3
31.3
41.0
147.5
13.5
5.4
33.6
37.2
160.8
13.9
6.6
34.6
43.0
153.8
13.4
8.8
30.5
39.4
34.0
36.6
34.4
24.8
27.8
29.3
33.0
24.8
35.3
27.3
32.9
28.7
Transportation equipment...............................
Trucks, buses, and truck trailers................
Autos..................
Aircraft.................
Ships and boats...
Railroad equipment
194.7
112.3
43.1
29.1
2.7
7.6
189.7
107.4
40.5
31.5
3.2
7.1
165.8
90.1
34.1
33.7
3.2
4.7
193.2
112.4
42.5
28.3
2.6
7.7
186.6
106.5
40.8
29.3
2.9
7.2
163.6
90.5
35.4
29.8
2.9
4.8
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............................................................
145.6
38.1
12.8
9.9
21.6
5.6
16.5
14.4
26.8
153.4
40.6
13.7
10.8
21.7
5.2
16.4
16.4
28.4
150.8
35.7
14.5
12.0
19.9
6.5
16.1
17.9
28.2
141.8
37.1
12.5
9.5
20.4
5.3
15.9
14.9
26.2
148.5
39.2
13.4
10.3
20.4
5.0
15.7
17.3
27.4
144.5
34.0
14.1
11.3
18.5
5.9
15.3
19.0
26.8
Less: Sale of equipment scrap, excluding
autos...........................................................
3.2
3.3
2.8
4.1
3.8
3.5
Residential equipment........................................
8.8
9.3
9.3
9.0
9.4
9.5
-37.8
-56.3
-56.5
Addenda:
Private fixed investment in equipment and
Net purchases of used equipment from
Equals: Private fixed investment in new
898.7
8.1
960.8
8.8
886.4
8.6
1.0
39.3
.4
3.3
1.0
38.5
-.2
3.4
.9
32.5
.0
2.9
932.6
992.7
912.4
N ote.
1. Includes new computers and peripheral equipment only. Because of rapid changes in relative prices, the
chained-dollar estimates for computers are especially misleading as a measure of the contribution or relative
importance of this component.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
N ote. 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 addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
n.e.c. Not elsewhere classified.
D -34
National Data
August 2003
Table B.7. Compensation and Wage and Salary Accruals by Industry
[Millions of dollars]
Compensation
1999
2000
Wage and salary accruals
2001
1999
2000
Total..................................................... 5,308,801 5,723,399 5,874,879 4,475,588 4,836,329 4,950,605
Domestic industries................................
5,314,546 5,729,274 5,881,042 4,481,333 4,842,204 4,956,768
Private industries1............................. 4,361,287 4,721,994 4,818,943 3,757,166 4,073,263 4,145,921
Agriculture, forestry, and fishing...
Farms..........................................
Agricultural services, forestry, and
fishing......................................
49,786
19,341
52,656
19,314
57,497
21,544
43,643
16,478
46,253
16,563
50,496
18,394
30,445
33,342
35,953
27,165
29,690
32,102
Mining..............................................
Metal mining................................
Coal mining.................................
Oil and gas extraction..................
Nonmetallic minerals, except fuels
34,234
2,917
5,129
20,749
5,439
36,534
2,600
4,869
23,512
5,553
39,627
2,421
5,258
26,240
5,708
29,256
2,446
4,328
17,827
4,655
31,204
2,161
4,091
20,205
4,747
33,844
1,996
4,422
22,555
4,871
Construction.....................................
272,904
298,999
313,027
233,740
256,839
268,645
Manufacturing.................................
926,201
939,155
590,814
28,559
18,929
782,635
493,369
24,464
15,955
829,413
789,402
527,421
24,814
16,759
495,186
24,256
16,047
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
585,734
28,712
18,727
981,781
626,444
29,146
19,707
25,799
37,240
66,605
27,661
38,213
69,559
27,313
35,730
67,318
21,702
30,851
56,015
23,250
31,572
58,339
22,904
29,317
56,259
121,216
132,198
118,992
104,321
113,783
102,037
97,771
68,743
114,454
70,613
103,720
65,296
82,973
54,741
97,365
56,015
87,785
51,167
51,965
51,649
52,500
43,375
42,954
43,615
53,491
57,079
56,364
45,974
48,993
48,311
15,465
340,467
66,468
2,758
18,269
16,165
355,337
70,102
2,946
18,054
16,093
348,341
71,808
3,130
16,411
12,998
289,266
56,619
2,168
15,709
13,577
301,992
59,780
2,321
15,520
13,488
294,216
60,977
2,464
13,990
18,462
34,474
69,716
77,224
10,040
17,721
35,062
73,248
83,713
9,810
16,594
34,378
71,895
80,990
10,149
15,757
29,663
60,196
64,397
8,288
15,085
30,154
63,280
69,950
8,070
14,010
29,399
61,773
67,159
8,317
40,582
2,474
42,232
2,449
40,731
2,255
34,345
2,124
35,730
2,102
34,208
1,919
Transportation and public utilities
Transportation..............................
Railroad transportation..............
Local and interurban passenger
transit....................................
Trucking and warehousing2.....
Water transportation..................
Transportation by a ir2...............
Pipelines, except natural gas....
Transportation services............
350,019
187,764
17,023
375,096
198,545
16,749
382,099
203,768
16,759
291,871
155,015
12,656
312,956
163,976
12,415
11,952
70,671
9,068
59,591
1,000
18,459
12,684
74,287
9,667
64,005
1,018
20,135
13,272
75,765
10,043
66,426
1,092
20,411
10,185
58,645
7,588
49,281
850
15,810
10,814
61,625
8,100
52,887
865
17,270
1999
2000
2001
Communications......................
Telephone and telegraph......
Radio and television.............
Electric, gas, and sanitary
services .................................
103,714
78,733
24,981
114,010
86,828
27,182
113,175
84,956
28,219
58,541
62,541
65,156
49,212
52,574
54,610
Wholesale trade...........................
359,519
385,755
379,752
309,254
332,293
325,688
Retail trade...................................
478,563
511,114
531,075
420,523
449,515
465,818
458,091
98,577
40,714
107,093
91,260
501,923
100,040
41,510
135,094
94,360
531,995
106,840
49,161
138,866
98,832
395,757
83,358
34,787
95,771
77,637
434,720
84,543
35,473
120,994
80,274
459,937
90,230
42,046
124,161
83,936
38,697
57,599
41,075
61,891
44,766
66,628
33,701
49,811
35,800
53,588
38,956
57,620
24,151
27,953
26,902
20,692
24,048
22,988
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....................................
1999
87,644
66,277
21,367
2000
96,406
73,142
23,264
2001
95,286
71,216
24,070
Services........................................ 1,431,970 1,578,136 1,644,716 1,250,487 1,380,070 1,434,418
46,437
Hotels and other lodging places
49,802
50,191
43,495
43,722
40,453
Personal services......................
28,441
30,078
32,128
25,313
26,784
28,563
Business services......................
351,919 412,930 405.062 309,610 363,879 355,624
Auto repair, services, and
parking..................................
39,809
41,571
32,594
35,172
36,637
36,996
Miscellaneous repair services...
13,947
14,652
12,844
13,499
11,856
12,256
Motion pictures.........................
21,052
21,435
22,480
23,933
24,443
19,779
Amusement and recreation
services................................
47,274
51,547
52,647
45,082
45,929
41,316
Health services..........................
408,567 430,446 464.063 349,595 368,492 396,845
Legal services...........................
75,067
72,180
79,170
85,255
69,846
63,581
Educational services..................
68,314
66,841
57,978
72,643
78,808
63,057
Social services and membership
organizations.........................
114,376 123,692 131,746 101,619 109,876 116,749
Social services.......................
59,270
65,086
56,420
62,197
51,339
71,803
Membership organizations....
55,106
58,606
54,552
50,280
59,943
53,456
Other services3.........................
210,248 236.574 252,269 184,404 207.845 221,113
Private households....................
13,234
12,712
13,565
11,881
11,576
12,389
Government.......................................
Federal...........................................
General government...................
Civilian...................................
Military4................................
Government enterprises............
State and local...............................
General government...................
Education...............................
Other1...................................
Government enterprises1..........
953,259 1,007,280 1,062,099
277,699 293,678 300,286
221,496 233,437 240,534
134,369 142,052 144,305
87,127
91,385
96,229
60,241
56,203
59,752
675,560 713,602 761,813
633,337 669,207 711,554
340,095 360.574 382,057
293,242 308,633 329,497
42,223
44,395
50,259
317,673
167,777
-5,745
-5,875
-6,163
12,383 Rest of the w orld...................................
Receipts from the rest of the world....
2,210
2,341
2,382
Less:
Payments
to
the
rest
of
the
11,291
w orld5...........................................
7,955
8,216
8,545
62,623
8,392
54,721 Addenda:
Households and institutions...............
403,143 431,088 459,628
925
Nonfarm business.............................. 4,037,229 4,376,228 4,447,782
17,442
1. Beginning with 2001, reflects the reclassification of employees of Indian tribal governments from the
private sector in accordance with the Consolidated Appropriations Act of 2001.
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.
Wage and salary accruals
Compensation
2001
724,167
184,222
146,475
90,174
56,301
37,747
539,945
505,640
269,529
236,111
34,305
768,941
195,598
154.845
96,000
58,845
40,753
573,343
537,090
287,229
249,861
36,253
810,847
197,378
157,914
95,609
62,305
39,464
613,469
572,373
305,171
267,202
41,096
-5,745
2,210
-5,875
2,341
-6,163
2,382
7,955
8,216
8,545
4. Includes Coast Guard.
5. Includes estimates of foreign professional workers and undocumented Mexican migratory workers
employed temporarily in the United States.
N ote.
Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 2003
S urvey
of
D-35
C u r r e n t B u s in e s s
Table B.8. Employment by Industry
[Thousands]
Full-time and part-time
employees
1999
2000
Persons engaged in
production 1
2001
1999
2000
Full-time and part-time
employees
2001
136,294 139,207 138,840 132,149 134,723 134,288
1999
2000
Persons engaged in
production1
2001
1999
2000
2001
Agriculture, forestry, and fishing...........
Farms....................................................
Agricultural services, forestry, and
fishing..............................................
2,294
923
2,319
890
2,341
870
3,393
1,693
3,341
1,635
3,342
1,608
Water transportation...........................
Transportation by a ir3........................
Pipelines, except natural gas.............
Transportation services......................
Communications....................................
Telephone and telegraph.....................
Radio and television...........................
Electric, gas, and sanitary services.......
1,371
1,429
1,471
1,700
1,706
1,734
Wholesale trade........................................
6,992
7,104
6,832
7,015
7,098
6,794
M ining......................................................
Metal mining........................................
Coal mining.........................................
Oil and gas extraction..........................
Nonmetallic minerals, except fuels.....
539
44
86
296
113
541
40
79
308
114
568
35
82
338
113
544
45
85
304
110
546
42
77
315
112
581
36
81
354
110
Retail trade.................................................
23,542
24,049
24,147
20,954
21,423
21,485
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.....
7,705
2,049
709
727
1,608
795
1,567
250
7,743
2,036
686
797
1,585
800
1,581
258
7,856
2,047
716
820
1,583
820
1,615
255
7,809
1,928
691
796
1,526
873
1,759
236
7,840
1,904
667
873
1,497
893
1,764
242
7,861
1,904
690
855
1,488
909
1,777
238
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 services4......................................
Private households.................................
40,975
1,935
1,363
9,438
1,326
390
612
1,783
10,359
1,142
2,350
42,337
1,981
1,387
10,048
1,366
381
609
1,856
10,483
1,163
2,442
42,412
1,942
1,414
9,622
1,388
384
589
1,811
10,775
1,188
2,536
40,637
1,759
1,831
9,567
1,557
552
659
1,547
9,647
1,219
2,164
42,040
1,818
1,879
10,197
1,589
538
652
1,636
9,770
1,222
2,265
42,217
1,792
1,878
9,850
1,601
564
634
1,601
10,040
1,261
2,371
5,387
2,859
2,528
3,639
1,251
5,581
2,992
2,589
3,832
1,208
5,671
3,143
2,528
3,971
1,121
5,188
3,086
2,102
4,085
862
5,354
3,201
2,153
4,287
833
5,432
3,330
2,102
4,420
773
Government..................................................
Federal......................................................
General government..............................
Civilian...............................................
Military 5............................................
Government enterprises........................
State and local..........................................
General government..............................
Education...........................................
Other2................................................
Government enterprises2......................
22,541
5,141
4,146
1,855
2,291
995
17.40C
16,546
9,149
7,397
854
23,009
5,237
4,260
1,976
2,284
977
17,772
16,903
9,383
7,520
869
23,434
5,076
4,114
1,825
2,289
962
18,358
17,382
9,623
7,759
976
18,747
4,167
3,370
1,821
1,549
797
14,580
13,705
7,367
6,338
875
19,043
4,198
3,416
1,869
1,547
782
14,845
13,964
7,567
6,397
881
19,445
4,119
3,338
1,790
1,548
781
15,326
14,334
7,784
6,550
992
-567
-580
-608
-486
-497
-521
Total ..........................................................
Domestic industries..........................................
Private industries2......................................
136,861
139,787 139,448 132,635 135,220 134,809
114,320 116,778 116,014 113,888 116,177 115,364
Construction............................................
6,704
7,007
7,038
8,023
8,368
8,350
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.........
18,673
11,178
858
550
572
698
1,529
2,141
18,567
11,179
849
558
582
700
1,544
2,119
17,702
10,632
804
524
572
646
1,470
2,006
18,663
11,223
916
562
573
697
1,517
2,135
18,507
11,214
899
569
580
696
1,537
2,106
17,682
10,671
854
530
573
642
1,452
2,002
1,671
1,023
874
854
1,719
1,020
836
843
1,627
941
812
840
1,657
1,018
872
841
1,705
1,018
834
836
1,610
943
811
835
408
7,495
1,697
37
560
697
669
1,576
1,037
131
409
7,388
1,700
35
534
640
657
1,569
1,038
126
390
7,070
1,702
34
475
564
629
1,508
1,017
124
435
7,440
1,680
36
556
708
664
1,557
1,026
131
434
7,293
1,675
34
536
616
651
1,544
1,029
125
419
7,011
1,681
33
471
560
623
1,498
1,011
124
1,012
79
1,017
72
954
63
1,002
80
1,007
76
945
65
Transportation and public utilities.........
Transportation.......................................
Railroad transportation......................
Local and interurban passenger
transit.............................................
Trucking and warehousing3...............
6,896
4,480
221
7,111
4,589
212
7,118
4,558
203
6,850
4,567
209
7,014
4,641
201
7,052
4,641
192
489
1,848
500
1,885
506
1,877
503
2,020
503
2,041
521
2,045 Rest of the world6..........................................
1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid
family workers are not included.
2 Beginning with 2001, reflects the reclassification of employees of Indian tribal governments from the
private sector in accordance with the Consolidated Appropriations Act of 2001.
3. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
4. Consists of museums, botanical and zoological gardens; engineering and management services; and
188
1,245
13
476
1,553
1,107
446
863
194
1,297
13
488
1,665
1,195
470
857
192
1,286
14
480
1,700
1,220
480
860
185
1,163
13
474
1,423
1,011
412
860
191
1,216
13
476
1,522
1,088
434
851
197
1,205
14
467
1,554
1,107
447
857
services, not elsewhere classified.
5. Includes Coast Guard.
6. Includes estimates of foreign professional workers and undocumented Mexican migratory workers
employed temporarily in the United States.
N ote.
Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 2003
National Data
D -36
Table B.9. Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry
Wage and salary accruals per
full-time equivalent employee
Thousands
Dollars
1999
Wage and salary accruals per
full-time equivalent employee
Full-time
equivalent employees1
2000
2001
1999
2000
Full-time
equivalent employees1
Dollars
2001
Thousands
1999
2000
2001
43,114
42,520
65,385
36,178
62,336
66,079
53,020
57,965
44,751
43,817
66,538
38,549
64,057
67,661
54,868
62,365
46,883
45,715
66,071
39,641
62,157
64,683
55,718
64,399
1999
2000
2001
Total ..........................................................
36,677
38,759
39,784 122,028 124,779 124,438
Domestic industries..........................................
36,578
38,652
39,667 122,514 125,276 124,959
Private industries2......................................
36,208
38,343
39,293 103,767 106,233 105,514
Agriculture, forestry, and fishing...........
Farms....................................................
Agricultural services, forestry, and
fishing...............................................
21,124
20,832
22,258
21,708
24,219
24,657
2,066
791
2,078
763
2,085
746
Transportation by a ir3.........................
Pipelines, except natural gas..............
Transportation services.......................
Communications....................................
Telephone and telegraph.....................
Radio and television............................
Electric, gas, and sanitary services.......
21,306
22,578
23,975
1,275
1,315
1,339
Wholesale trade.........................................
45,986
48,738
49,701
6,725
6,818
6,553
Mining......................................................
Metal mining
Coal mining
Oil and gas extraction..........................
Nonmetallic minerals, except fuels.....
55,409
55,591
51,524
61,472
42,318
58,875
54,025
53,130
66,904
42,766
60,871
57,029
55,275
68,142
44,282
528
44
84
290
110
530
40
77
302
111
556
35
80
331
110
Retail trade.................................................
21,445
22,264
23,009
19,609
20,190
20,245
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.....
55,374
43,370
51,999
139,608
50,876
45,358
36,492
87,678
60,817
44,473
54,997
161,541
53,623
48,118
39,115
99,372
63,738
47,440
62,849
161,879
56,409
51,325
41,364
96,588
7,147
1,922
669
686
1,526
743
1,365
236
7,148
1,901
645
749
1,497
744
1,370
242
7,216
1,902
669
767
1,488
759
1,393
238
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
34,236
23,657
21,024
35,235
25,685
32,482
40,781
28,513
37,765
62,580
28,104
36,396
24,727
21,811
38,706
26,788
34,235
43,406
29,446
39,256
67,484
29,356
37,647
25,229
22,759
39,444
27,321
35,383
45,413
30,763
41,022
71,019
30,538
36,525
1,710
1,204
8,787
1,269
365
485
1,449
9,257
1,016
2,063
37,918
1,759
1,228
9,401
1,313
358
485
1,531
9,387
1,035
2,148
38,102
1,733
1,255
9,016
1,341
363
472
1,493
9,674
1,057
2,237
Social services....................................
Membership organizations.................
Other services4.......................................
Private households.................................
21,901
20,228
23,920
53,951
14,372
22,786
21,139
24,829
57,447
15,887
23,729
22,071
25,952
58,682
14,975
4,640
2,538
2,102
3,418
862
4,822
2,669
2,153
3,618
833
4,920
2,818
2,102
3,768
773
38,628
44,210
43,464
49,519
36,347
47,361
37,033
36,895
36,586
37,253
39,206
40,379
46,593
45,329
51,364
38,038
52,114
38,622
38,462
37,958
39,059
41,150
41,700
47,919
47,308
53,413
40,249
50,530
40,028
39,931
39,205
40,794
41,427
18,747
4,167
3,370
1,821
1,549
797
14,580
13,705
7,367
6,338
875
19,043
4,198
3,416
1,869
1,547
782
14,845
13,964
7,567
6,397
881
19,445
4,119
3,338
1,790
1,548
781
15,326
14,334
7,784
6,550
992
-486
-497
-521
Construction............................................
36,138
37,899
39,385
6,468
6,777
6,821
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.....................................
42,821
44,835
28,986
29,601
38,616
44,582
37,145
49,629
45,675
47,930
30,005
30,694
40,718
45,493
38,305
54,703
45,580
47,409
30,978
31,465
40,900
45,808
39,096
51,717
18,277
11,004
844
539
562
692
1,508
2,102
18,159
11,004
827
546
571
694
1,523
2,080
17,319
10,445
783
510
560
640
1,439
1,973
50,348
53,879
50,087
54,993
57,307
55,296
51,877
58,957
54,729
54,783
54,315
58,347
1,648
1,016
866
836
1,699
1,013
828
831
1,604
934
803
828
33,243
39,773
34,149
60,222
28,458
23,344
44,876
41,061
62,949
63,754
34,635
42,207
35,990
68,265
29,394
25,268
46,462
43,254
68,311
64,560
36,356
42,801
36,755
74,667
29,957
25,944
47,265
43,533
66,825
67,618
391
7,273
1,658
36
552
675
661
1,466
1,023
130
392
7,155
1,661
34
528
597
649
1,463
1,024
125
371
6,874
1,659
33
467
540
622
1,419
1,005
123
34,483
27,947
35,623
29,606
36,199
31,459
996
76
1,003
71
945
61
45,449
37,201
60,555
47,310
38,429
61,766
48,009
39,607
64,495
6,422
4,167
209
6,615
4,267
201
6,617
4,236
192
22,785
33,977
23,663
35,014
24,439
35,744
447
1,726
457
1,760
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 warehousing3...............
Government enterprises2......................
462
1,752 Rest of the world • ..........................................
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. Beginning with 2001, reflects the reclassification of employees of Indian tribal governments from the
private sector in accordance with the Consolidated Appropriations Act of 2001.
3. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
Government...................................................
Federal.......................................................
General government..............................
Civilian................................................
Military5 ............................................
Government enterprises........................
State and local..........................................
General government..............................
176
1,159
13
437
1,406
1,003
403
849
181
1,207
13
448
1,505
1,081
424
843
179
1,197
14
440
1,533
1,101
432
848
4. Consists of museums, botanical and zoological gardens; engineering and management services; and
services, not elsewhere classified.
5. Includes Coast Guard.
6. Includes estimates of foreign professional workers and undocumented Mexican migratory workers
employed temporarily in the United States.
N ote.
Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
August 2003
D-37
S u r v e y o f C u r r e n t B u s in e s s
Table B.10. Farm Sector Output, Gross Product, and National Income
Billions of chained (1996)
dollars
Billions of dollars
1999
2000
Table B.11. Housing Sector Output, Gross Product, and National Income
2001
1999
2000
Billions of chained (1996)
dollars
Billions of dollars
2001
1999
2000
2001
1999
2000
2001
Farm output......................................................
207.5
214.3
221.3
244.1
249.2
246.1
Housing output1..............................................
876.4
920.3
976.0
802.5
817.2
833.6
Cash receipts from farm marketings...........
Crops ....................................................
Livestock..
Farm housing
Farm products consumed on farm s.............
Other farm income
Change in farm inventories...........................
Crops
Livestock...................................................
191.4
95.7
95.7
7.2
.5
9.9
-1.5
-.9
-.6
199.4
99.8
99.7
7.6
.6
8.9
-2.2
-1.6
-.6
200.9
94.3
106.6
8.0
.6
10.3
1.6
2.1
-.5
226.2
125.2
101.1
6.1
.5
11.8
-2.0
-1.4
-.6
233.4
130.9
102.9
6.0
.5
10.6
-2.5
-2.2
-.6
224.4
122.9
101.3
5.9
.5
12.2
2.0
3.6
-.4
Nonfarm housing.........................................
Owner-occupied......................................
Tenant-occupied......................................
Farm housing................................................
869.2
666.4
202.8
7.2
912.7
704.9
207.8
7.6
968.1
751.0
217.1
8.0
796.4
610.7
185.8
6.1
811.2
627.3
184.0
6.0
827.8
643.5
184.3
5.9
132.3
136.5
140.7
137.2
133.3
134.6
118.6
13.8
122.2
14.2
126.1
14.7
123.1
14.1
119.5
13.8
120.8
13.8
75.2
77.8
80.6
108.1
120.5
114.3
Less: Intermediate goods and services
purchased.....................................................
Intermediate goods and services, other
than rent.................................................
Rent paid to nonoperator landlords.........
Equals: Gross farm product.............................
Less: Intermediate goods and services
consumed.....................................................
116.9
116.3
138.4
105.5
101.3
115.9
Equals: Gross housing product.......................
Nonfarm housing............................
Owner-occupied.........................
Tenant-occupied.........................
Farm housing..................................
759.5
753.6
576.3
177.4
5.9
804.0
797.8
615.5
182.2
6.3
837.6
831.1
642.3
188.8
6.5
697.0
691.9
529.1
162.8
5.1
716.1
711.0
549.9
161.1
5.1
717.5
712.6
552.1
160.5
4.9
Less: Consumption of fixed capital..................
145.4
77.8
-67.6
152.5
81.8
-70.7
166.1
88.4
-77.7
132.2
132.7
140.0
Less: Capital consumption adjustment
614.1
651.5
671.4
478.7
494.5
489.4
135.7
140.7
146.0
Less: Consumption of fixed capital..................
28.9
28.7
29.4
27.7
27.0
27.3
Equals: Net housing product...........................
Equals: Net farm product................................
46.3
49.2
51.2
80.9
97.9
89.5
Less: Indirect business tax and nontax liability
Less: Indirect business tax and nontax liability
5.3
18.4
5.4
19.5
5.6
17.7
59.3
19.3
16.5
2.9
63.3
19.3
16.6
2.7
63.2
21.5
18.4
3.1
Proprietors’ income and corporate profits
with inventory valuation and capital
consumption adjustments........................
Proprietors’ income..................................
Corporate profits......................................
29.6
27.7
1.9
10.3
33.2
22.6
10.6
10.9
30.9
19.0
11.8
10.8
N ote . 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 addi
tive.
Plus: Subsidies less current surplus of
Proprietors’ income with inventory
valuation and capital
Rental income of persons with
capital consumption adjustment
Corporate profits with inventory
valuation and capital
23.7
23.8
24.3
502.2
534.6
549.8
10.0
10.9
11.3
19.7
18.5
18.1
130 7
1281
118.9
4.1
337.6
4.1
373.1
4.0
397.5
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in
table B.4.
N ote. 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 addi
tive.
D -38
National Data
August 2003
Table B.12. Net Stock of Private Fixed Assets; Equipment, Software, and Structures; by Type
[Vearend estimates]
Current-cost valuation (Billions of dollars)
1996
1997
1998
1999
2000
Chain-type quantity indexes (1996=100)
2001
1996
1997
1998
1999
2000
2001
100.00
102.96
106.36
109.89
113.63
116.62
4,411.0
4,335.1
1,287.8
138.6
345.5
498.6
226.6
58.5
19.8
1,328.7
106.1
67.1
57.3
9.8
254.4
303.4
276.9
320.7
898.1
397.4
156.9
210.8
49.1
83.8
820.6
236.0
10.3
225.6
74.0
58.9
15.1
82.2
107.5
25.3
84.5
63.8
3.0
60.8
147.2
75.9
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
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
100.00
100.00
100.00
100.00
100.00
100.00
105.94
105.98
111.57
142.35
116.25
108.02
104.07
99.34
105.39
102.97
100.28
100.11
99.28
106.25
103.54
103.09
102.69
104.29
104.95
111.12
101.49
101.56
99.16
101.34
104.58
104.92
100.37
105.16
106.36
105.88
108.56
102.00
104.53
106.90
103.57
106.49
99.49
106.97
104.39
103.62
113.09
113.19
126.01
201.39
137.85
118.26
109.35
99.11
106.55
106.11
101.26
100.99
99.44
112.51
107.42
106.33
105.84
108.04
111.35
125.02
100.75
106.89
98.31
103.91
110.18
111.13
102.37
111.59
112.79
111.71
117.67
104.37
110.53
113.17
107.69
116.43
100.73
117.51
109.56
107.61
120.44
120.59
142.40
279.41
160.73
131.85
114.95
94.93
102.73
108.90
104.08
99.32
95.90
124.76
110.15
109.32
108.36
111.94
118.15
140.52
103.40
107.49
96.27
107.32
114.97
117.33
105.65
117.95
114.59
112.75
122.83
102.87
115.85
123.07
112.25
125.56
102.27
127.17
115.27
112.38
128.62
128.83
160.15
355.94
180.67
151.45
120.96
90.04
101.21
112.88
106.94
103.46
99.38
133.79
113.35
114.44
111.46
116.67
125.16
151.11
105.31
117.85
96.47
109.74
120.23
124.23
109.33
125.02
117.87
115.42
128.80
102.54
120.61
129.52
115.99
137.79
104.57
140.10
121.30
117.44
133.36
133.57
169.75
398.10
191.64
161.64
127.52
83.07
97.60
115.95
109.33
110.97
107.53
136.56
114.39
117.72
113.23
121.65
128.15
153.83
104.55
127.34
96.48
109.07
123.93
127.24
111.57
128.07
121.70
119.51
131.55
103.31
122.74
139.95
117.65
151.19
107.97
154.19
125.87
122.13
Structures............................................................................................. 13,306.3 14,067.9 14,870.4 15,867.2 16,926.9 17,779.4
Nonresidential structures................................................................ 5,175.0 5,487.0 5,746.2 6,069.9 6,480.0 6,767.2
Nonresidential buildings, excluding farm ....................................
3,285.6 3,498.9 3,740.8 4,012.5 4,296.2 4,506.6
Industrial buildings .................................................................
729.2
765.4
806.4
878.1
843.0
898.2
Office buildings2.
756.3
804.9
865.5
936.1
1,015.8 1,075.1
Commercial buildings
843.8
902.7
965.3 1,035.8 1,109.2 1,165.8
Mobile structures
8.5
8.9
9.3
9.9
10.4
10.9
835.2
Other commercial3
893.7
956.0 1,025.9 1,098.9 1,154.9
Religious buildings...................................................................
145.7
163.5
189.1
153.9
176.0
199.2
Educational buildings...............................................................
137.9
163.7
149.7
179.1
197.0
212.8
327.7
348.7
371.1
Hospital and institutional buildings.........................................
397.9
426.0
448.8
Other.........................................................................................
345.1
373.6
405.3
481.0
444.5
506.7
Hotels and motels ...............................................................
177.5
194.8
215.3
238.7
261.8
278.3
92.7
Amusement and recreational buildings...............................
101.0
109.8
119.9
129.3
135.8
Other nonfarm buildings4....................................................
75.0
77.7
80.3
85.9
90.0
92.5
Utilities...........................
1,229.0 1,264.7 1,283.0 1,321.6 1,383.6 1,420.3
Railroad......................
299.2
301.2
295.4
286.2
287.1
278.8
Telecommunications..
235.3
239.5
243.0
258.7
280.5
301.9
512.7
560.4
483.4
Electric light and power........................................................
503.9
532.3
580.0
Gas........................................................................................
168.9
176.7
187.6
198.1
207.9
212.0
42.1
Petroleum pipelines..............................................................
43.4
44.3
46.3
47.7
47.5
Farm related buildings and structures......... ...........................
204.4
210.7
218.1
226.8
236.8
243.3
Mining exploration, shafts, and wells......................................
311.2
347.4
360.8
344.3
389.8
415.2
Petroleum and natural gas...................................................
277.4
311.2
325.5
307.0
351.6
376.3
Other m ining..............
33.8
35.2
36.2
38.2
37.2
38.8
Other nonfarm structures5
144.8
152.1
156.9
164.6
173.6
181.8
Residential structures..........
8,131.2 8,580.8 9,124.2 9,797.4 10,447.0 11,012.3
Housing units.....................
6,624.6 6,995.2 7,449.5 8,016.1
8,545.6 9,017.7
Permanent site...............
6,483.0 6,845.0 7,289.1
7,845.4 8,369.8 8,837.3
1-to-4-unit..................
5,663.1
5,959.4 6,334.9 6,844.5 7,309.2 7,733.3
Farm..................................................................................
126.9
130.4
135.0
143.1
149.4
154.5
Nonfarm.....
5,536.2 5,829.0 6,199.9 6,701.4 7,159.8 7,578.8
5-or-more-unit
819.9
954.2 1,000.9 1,060.6 1,104.0
885.6
Manufactured homes
141.6
150.2
160.4
170.7
175.8
180.4
Farm...............
13.6
15.1
16.7
18.7
17.8
19.9
Nonfarm................................................................................
128.0
135.1
143.6
152.9
157.1
160.6
Improvements...............................................................................
1,477.1
1,555.1
1,642.9 1,747.2 1,865.4 1,956.6
Other residential6..........................................................................
29.6
31.9
30.5
34.1
36.0
37.9
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
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
100.00
100.00
100.00
100.00
102.21
102.04
102.71
101.24
102.63
103.19
102.63
103.20
101.88
104.61
102.61
104.49
105.90
105.11
100.35
100.87
99.54
102.15
101.01
101.34
99.85
99.42
101.65
101.82
100.25
101.40
102.31
102.25
102.19
102.38
99.96
102.44
100.94
104.68
109.38
104.18
102.65
100.33
104.70
104.33
105.66
102.57
106.13
106.22
106.13
106.22
104.09
110.04
105.08
109.23
112.59
109.88
100.42
102.20
99.33
104.16
101.85
105.96
100.34
99.00
102.77
103.17
99.25
102.97
104.95
104.85
104.75
105.18
100.05
105.29
101.92
109.71
118.90
108.73
105.40
101.11
107.35
106.70
108.59
102.83
109.99
109.20
109.33
109.20
107.31
115.52
108.00
114.53
119.38
114.96
102.44
104.18
98.82
110.96
103.18
107.89
101.25
98.72
102.63
103.18
97.95
104.62
107.77
107.64
107.50
108.17
100.92
108.34
103.08
113.94
123.24
112.95
108.42
102.94
110.10
109.30
111.63
102.85
114.58
112.27
112.96
112.27
110.68
121.93
110.98
119.02
125.77
118.95
103.04
106.33
98.16
117.70
105.12
109.81
100.98
98.88
104.21
105.15
96.41
106.43
110.61
110.39
110.27
111.20
101.42
111.43
104.19
115.74
127.90
114.44
111.69
104.79
112.70
111.56
114.11
102.52
118.15
115.01
116.05
115.01
113.67
128.34
113.94
122.19
130.34
121.84
103.24
108.39
97.55
123.44
107.20
111.82
100.55
99.01
106.58
107.90
95.49
108.06
113.44
113.14
113.08
114.26
101.85
114.54
105.33
116.09
132.81
114.31
114.84
107.03
Private fixed assets..
Equipment and software.....................................................................
Nonresidential equipment and software.......................................
Information processing equipment and software........................
Computers and peripheral equipment.....................................
Software1..................................................................................
Communication equipment......................................................
Instruments...............................................................................
Photocopy and related equipment...........................................
Office and accounting equipment............................................
Industrial equipment....................................................................
Fabricated metal products........................................................
Engines and turbines................................................................
Steam engines......................................................................
Internal combustion engines................................................
Metalworking machinery..........................................................
Special industry machinery, n.e.c.............................................
General industrial, including materials handling, equipment
Electrical transmission, distribution, and industrial apparatus
Transportation equipment............................................................
Trucks, buses, and truck trailers..............................................
Autos......
Aircraft....
Ships and boats
Railroad equipment..................................................................
Other equipment...........................................................................
Furniture and fixtures
Household furniture.............................................................
Other furniture.
Tractors ..............
Farm tractors........................................................................
Construction tractors...........................................................
Agricultural machinery, except tractors...................................
Construction machinery, except tractors.................................
Mining and oilfield machinery..................................................
Service industry machinery......................................................
Electrical equipment, n.e.c
Household appliances
Other..........................
Other nonresidential equipment
Residential equipment....................................................................
16,722.5 17,653.1 18,649.6 19,880.4 21,215.2 22,190.4
3,416.3
3,352.2
906.0
101.5
173.7
363.8
175.0
71.5
20.5
1,119.1
98.7
57.3
50.4
6.9
219.2
253.1
234.9
255.9
690.4
260.7
159.0
147.1
46.5
77.1
636.8
178.2
9.0
169.2
59.3
48.6
10.6
74.9
82.1
16.6
68.8
44.7
2.9
41.9
112.2
64.1
3,585.3
3,519.8
974.8
112.2
200.7
388.2
181.9
70.2
21.6
1,156.9
98.6
58.5
51.2
7.3
227.8
262.1
243.0
266.8
716.5
283.0
159.9
149.6
46.9
77.1
671.6
189.3
9.1
180.2
63.4
51.7
11.7
77.2
87.2
18.1
72.1
46.9
2.8
44.1
117.4
65.5
3,779.2
3,711.6
1,035.9
117.5
236.4
399.9
191.3
69.2
21.5
1,199.5
99.3
59.3
51.5
7.8
237.8
274.3
253.1
275.6
764.2
321.8
157.8
158.5
46.9
79.1
712.0
200.4
9.3
191.1
67.8
54.9
13.0
79.9
94.0
19.3
75.6
50.9
2.9
48.0
124.2
67.6
1. Excludes software “embedded” or bundled in computers and other equipment.
2. Consists of office buildings except those occupied by electric and gas utility companies.
3. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes.
4. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and
4,013.2
3,943.9
1,137.4
137.9
280.3
430.2
201.3
66.4
21.3
1,240.7
101.3
59.4
50.5
8.8
244.1
282.9
260.4
292.6
816.4
366.5
157.3
163.4
46.9
82.3
749.4
213.5
9.6
203.9
69.3
55.6
13.8
79.6
100.3
21.2
79.5
53.9
2.9
51.0
132.2
69.3
4,288.3
4,215.5
1,259.0
153.4
324.5
482.9
213.7
63.7
20.8
1,292.7
104.0
62.3
52.8
9.5
252.9
296.6
269.9
306.9
873.7
395.8
155.4
189.6
48.3
84.6
790.1
228.5
10.0
218.5
71.4
56.9
14.5
80.2
105.1
22.8
82.7
58.5
2.9
55.6
140.9
72.8
animal hospitals.
5. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.
6. Consists primarily of dormitories and of fraternity and sorority houses,
n.e.c. Not elsewhere classified
D -39
August 2003
C. H istorical M easu res
This table is derived from the “GDP and Other Major NIPA Series” tables that were published in the August 2002 issue
o f the Survey o f Current Business and from the “Selected NIPA Tables” that are published in this issue. (Changes in
prices are calculated from indexes expressed to three decimal places.)
Table C.1. GDP and Other Major NIPA Aggregates
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from
preceding period
Billions of chained (1996) dollars
Year and
quarter
Chain-type price indexes
Percent change from preceding period
Implicit price deflators
Chain-type price indexes
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Gross
domestic
product
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
product
Implicit price deflators
Gross
domestic
purchases
Gross
national
product
Gross
domestic
product
1959..............
2,319.0
2,317.4
2,332.8
7.2
6.3
21.88
21.41
21.88
21.88
1.1
1.1
1.1
1.1
1960..............
1961..............
1962..............
1963..............
1964..............
2,376.7
2,432.0
2,578.9
2,690.4
2,846.5
2,378.5
2,435.5
2,569.5
2,683.6
2,844.1
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
22.19
22.43
22.74
22.99
23.34
21.71
21.94
22.23
22.50
22.85
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
1.4
1.1
1.4
1.1
1.5
1965..............
1966..............
1967..............
1968..............
1969..............
3,028.5
3,227.5
3,308.3
3,466.1
3,571.4
3,008.5
3,191.1
3,288.2
3,450.0
3,555.9
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
23.77
24.45
25.21
26.29
27.59
23.26
23.91
24.61
25.66
26.92
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
1.9
2.9
3.1
4.3
4.9
1970..............
1971..............
1972..............
1973..............
1974..............
3,578.0
3,697.7
3,898.4
4,123.4
4,099.0
3,588.6
3,688.1
3,887.7
4,094.3
4,080.7
3,600.6
3,722.9
3,925.7
4,161.0
4,142.3
.9
2.8
5.4
5.3
-.3
29.05
30.52
31.81
33.60
36.60
28.37
29.84
31.17
32.99
36.35
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
5.0
4.3
5.6
9.0
5.3
5.1
4.2
5.6
9.0
1975..............
1976..............
1977..............
1978..............
1979..............
4,084.4
4,311.7
4,511.8
4,760.6
4,912.1
4,118.5
4,288.8
4,478.8
4,722.9
4,894.4
4,117.7
4,351.4
4,556.6
4,805.3
4,973.9
.2
3.3
5.4
5.8
-.6
-.4
5.6
4.6
5.5
3.2
.9
4.1
4.4
5.5
3.6
40.03
42.29
45.02
48.22
52.24
39.69
41.93
44.80
48.02
52.26
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
9.3
5.7
6.4
7.1
8.3
9.3
5.7
6.4
7.1
8.3
1980..............
1981..............
1982..............
1983..............
1984..............
4,900.9
5,021.0
4,919.3
5,132.3
5,505.2
4,928.1
4,989.5
4,954.9
5,154.5
5,427.9
4,962.3
5,075.4
4,973.6
5,184.9
5,553.8
-.2
2.5
-2.0
4.3
7.3
.7
1.2
-.7
4.0
5.3
57.05
62.37
66.26
68.87
71.44
57.79
63.05
66.71
69.05
71.46
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
9.2
9.3
6.2
4.0
3.7
1985..............
1986..............
1987..............
1988..............
1989..............
5,717.1
5,912.4
6,113.3
6,368.4
6,591.8
5,698.8
5,912.6
6,088.8
6,352.6
6,565.4
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
73.69
75.32
77.58
80.22
83.27
73.56
75.22
77.70
80.36
83.45
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
3.2
2.2
3.0
3.4
3.8
1990..............
1991..............
1992..............
1993..............
1994..............
6,707.9
6,676.4
6,880.0
7,062.6
7,347.7
6,695.6
6,681.5
6,867.7
7,043.8
7,285.8
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
86.53
89.66
91.85
94.05
96.01
86.85
89.81
92.03
94.14
96.06
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
2.3
2.0
3.9
3.6
2.4
2.4
2.1
3.9
3.6
2.4
2.4
2.1
1995..............
1996..............
1997..............
1998..............
1999..............
7,543.8
7,813.2
8,159.5
8,508.9
8,859.0
9,191.4
9,214.5
9,439.9
7,512.2
7,783.2
8,095.2
8,431.8
8,793.9
9,121.1
9,258.4
9,424.4
7,564.0
7,831.2
8,168.1
8,508.4
8,883.7
2.7
3.6
4.4
4.3
4.1
3.1
3.6
4.0
4.2
4.3
98.10
100.00
101.95
103.20
104.69
98.20
100.00
101.64
102.43
103.97
98.10
100.00
101.95
103.20
104.69
98.11
100.00
101.93
103.17
104.65
2.2
1.9
1.9
1.2
1.4
2.2
1.8
1.6
.8
1.5
2.2
1.9
1.9
1.2
1.4
2.2
1.9
1.9
1.2
1.4
9,216.2
9,237.3
9,433.5
3.8
.3
2.4
3.7
1.5
1.8
106.58
108.65
109.90
106.89
109.42
110.66
106.86
109.38
110.63
2.1
2.4
1.1
2.1
2.4
1.1
9.1
7.2
5.2
-1.5
21.33
21.37
21.43
21.52
21.83
21.83
21.88
21.98
4.3
3.8
-.5
1.9
21.57
21.66
21.76
21.86
22.08
22.15
22.23
22.30
21.82
21.83
21.88
21.98
22.07
22.15
22.23
22.29
.9
.9
1.2
1.7
2,405.4
2,393.9
2,398.9
2,369.3
8.6
10.9
-.2
1.3
9.2
-2.0
.7
-5.0
2.5
1.9
1.2
1.2
.9
1.1
1.7
2.1
2.4
1.1
2,286.2
2,345.5
2,345.5
2,354.1
106.89
109.42
110.66
21.79
21.84
21.90
21.99
22.04
22.14
22.23
22.33
.9
1.7
1.8
1.8
.8
1.8
1.8
1.9
.1
.1
.9
1.8
1.7
1.4
1.5
1.2
.1
.1
.9
1.8
1.8
1.3
1.5
1.1
2000..............
2001 ..............
2002..............
1959:
I ........
II.......
Ill......
IV......
2,273.0
2,332.4
2,331.4
2,339.1
1960:
I ........
II.......
Ill......
IV......
2,391.0
2,379.2
2,383.6
2,352.9
2,275.1
2,314.9
2,344.3
2,335.5
2,360.4
2,382.7
2,380.0
2,391.1
1961:
I ........
II.......
Ill......
IV......
2,366.5
2,410.8
2,450.4
2,500.4
2,392.9
2,418.3
2,437.7
2,493.2
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
22.36
22.40
22.45
22.51
21.88
21.91
21.96
22.01
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
1.0
.8
1.1
1.4
1.0
.8
1.1
1.4
1962:
I ........
II.......
i ll......
IV......
2,544.0
2,571.5
2,596.8
2,603.3
2,522.5
2,564.6
2,586.2
2,604.6
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
22.64
22.71
22.77
22.84
22.13
22.20
22.26
22.34
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
2.5
.6
1.0
1.3
2.5
.6
1.0
1.3
1963:
I ........
II.......
Ill......
IV......
2,634.1
2,668.4
2,719.6
2,739.4
2,619.3
2,663.9
2,712.0
2,739.6
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
22.93
22.95
22.98
23.12
22.42
22.45
22.49
22.63
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
1.3
.6
.6
3.2
1.3
.6
.6
3.2
1964:
I ........
II.......
Ill......
IV......
2,800.5
2,833.8
2,872.0
2,879.5
2,799.3
2,833.5
2,868.3
2,875.5
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
23.20
23.27
23.39
23.49
22.72
22.79
22.90
22.99
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
1.2
.9
1.6
2.0
1.2
.9
1.6
2.0
D-40
National Data
August 2003
Table C.1. GDP and Other Major NIPA Aggregates
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from
preceding period
Billions of chained (1996) dollars
Year and
quarter
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
Chain-type rice indexes
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Gross
domestic
product
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
product
Implicit prk;e deflators
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
1965:
I ........
II.......
Ill......
IV......
2,950.1
2,989.9
3,050.7
3,123.6
2,920.2
2,973.2
3,029.4
3,111.4
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
23.60
23.71
23.81
23.97
23.08
23.19
23.30
23.46
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
2.1
1.8
1.5
2.8
2.1
1.8
1.5
2.8
1966:
I ........
II.......
Ill......
IV......
3,201.1
3,213.2
3,233.6
3,261.8
3,165.1
3,180.0
3,205.0
3,214.5
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
24.11
24.33
24.57
24.79
23.59
23.81
24.03
24.22
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
2.6
3.3
4.3
3.5
2.6
3.3
4.3
3.5
1967:
I ........
II.......
Ill......
IV......
3,291.8
3,289.7
3,313.5
3,338.3
3,246.9
3,281.5
3,297.4
3,326.9
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
24.90
25.06
25.29
25.57
24.32
24.47
24.70
24.96
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
1.6
2.5
4.3
4.5
1.6
2.5
4.3
4.5
1968:
I ........
II.......
Ill......
IV......
3,406.2
3,464.8
3,489.2
3,504.1
3,394.2
3,428.5
3,478.1
3,499.5
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
25.86
26.15
26.39
26.76
25.24
25.51
25.77
26.13
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
4.5
4.1
3.9
5.7
4.5
4.1
3.9
5.7
1969:
I ........
II.......
Ill......
IV......
3,558.3
3,567.6
3,588.3
3,571.4
3,535.0
3,551.3
3,569.0
3,568.3
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
27.02
27.39
27.79
28.15
26.37
26.73
27.11
27.46
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
4.1
5.3
6.0
5.3
4.1
5.3
6.0
5.3
1970:
I ........
II.......
Ill......
IV......
3,566.5
3,573.9
3,605.2
3,566.5
3,578.9
3,573.2
3,605.0
3,597.4
3,589.1
3,597.4
3,628.3
3,587.6
-.6
.8
3.6
-4.2
1.2
-.6
3.6
-.8
28.54
28.94
29.17
29.55
27.85
28.24
28.51
28.89
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
5.8
5.7
3.3
5.3
5.8
5.7
3.3
5.3
1971:
I ........
II.......
Ill......
IV......
3,666.1
3,686.2
3,714.5
3,723.8
3,643.1
3,667.8
3,698.9
3,742.5
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
30.00
30.40
30.71
30.96
29.31
29.71
30.04
30.30
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
5.4
4.2
3.3
6.1
5.4
4.2
3.3
1972:
I ........
II.......
Ill......
IV......
3,796.9
3,883.8
3,922.3
3,990.5
3,802.2
3,862.7
3,897.2
3,988.5
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
31.42
31.61
31.92
32.30
30.76
30.98
31.30
31.67
31.41
31.61
31.92
32.32
31.41
31.61
31.92
32.32
6.1
2.9
4.2
4.8
5.8
2.6
4.0
5.1
5.8
2.6
4.0
5.1
1973:
I ........
II.......
I ll......
IV......
4,092.3
4,133.3
4,117.0
4,151.1
4,075.5
4,094.4
4,100.7
4,106.3
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
32.73
33.27
33.90
34.48
32.09
32.69
33.29
33.91
32.71
33.25
33.86
34.58
32.71
33.25
33.86
34.58
5.4
7.7
7.6
7.6
4.9
6.9
7.5
8.7
4.9
6.9
7.5
8.7
1974:
I ........
II.......
Ill......
IV......
4,119.3
4,130.4
4,084.5
4,062.0
4,101.8
4,105.6
4,089.8
4,025.8
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
35.18
35.97
37.07
38.20
34.80
35.79
36.87
37.93
35.20
36.02
37.09
38.20
35.20
36.02
37.08
38.19
6.1
2.5
4.0
4.8
5.4
6.8
7.9
7.0
8.4
9.2
12.8
12.7
10.9
11.9
12.7
12.0
7.4
9.6
12.4
12.5
7.4
9.6
12.4
12.5
1975:
I ........
II.......
Ill......
IV......
4,010.0
4,045.2
4,115.4
4,167.2
4,054.7
4,099.2
4,135.9
4,184.3
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
39.08
39.63
40.35
41.05
38.76
39.33
39.99
40.67
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
5.7
7.3
7.3
9.6
5.7
7.3
7.3
1976:
1........
II.......
Ill......
IV......
4,266.1
4,301.5
4,321.9
4,357.4
4,248.8
4,264.1
4,289.7
4,352.4
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
41.49
41.93
42.51
43.25
41.11
41.56
42.18
42.88
39.08
39.63
40.33
41.05
41.50
41.92
42.50
43.27
41.50
41.92
42.51
43.28
4.3
4.3
5.6
7.1
4.5
4.1
5.7
7.4
4.5
4.1
5.7
7.4
1977:
1........
II.......
Ill......
IV......
4,410.5
4,489.8
4,570.6
4,576.1
4,393.8
4,464.0
4,509.7
4,547.5
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
43.97
44.69
45.32
46.08
43.68
44.45
45.14
45.92
43.97
44.69
45.23
46.16
43.97
44.71
45.25
46.17
6.9
6.7
5.8
6.9
4.4
4.5
6.1
6.8
7.7
7.2
6.4
7.0
6.6
6.8
4.9
8.5
6.6
6.8
4.9
8.4
1978:
1........
II.......
Ill......
IV......
4,588.9
4,765.7
4,811.7
4,876.0
4,552.0
4,730.8
4,774.7
4,834.2
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
46.86
47.79
48.64
49.62
46.67
47.60
48.45
49.37
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
6.2
8.0
7.1
8.4
6.2
8.0
7.1
8.4
1979:
1........
II.......
Ill......
IV......
4,888.3
4,891.4
4,926.2
4,942.6
4,855.1
4,852.9
4,921.9
4,947.7
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
50.58
51.73
52.79
53.86
50.38
51.58
52.89
54.20
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
7.9
9.5
8.8
8.5
7.9
9.5
8.8
8.5
1980:
1........
II.......
I ll......
IV......
4,958.9
4,857.8
4,850.3
4,936.6
4,961.4
4,861.6
4,923.9
4,965.2
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
55.08
56.35
57.62
59.16
55.73
57.14
58.43
59.89
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
9.3
9.2
9.2
11.0
9.3
9.2
9.2
11.1
1981:
1........
II.......
Ill......
IV......
5,032.5
4,997.3
5,056.8
4,997.1
4,985.6
4,995.9
5,003.5
4,972.9
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
60.67
61.75
62.95
64.10
61.42
62.53
63.56
64.70
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
10.8
7.5
8.0
7.5
10.8
7.5
8.0
7.5
1982:
1........
II.......
Ill......
IV......
4,914.3
4,935.5
4,912.1
4,915.6
4,959.7
4,954.2
4,916.8
4,989.1
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
65.00
65.84
66.75
67.44
65.56
66.29
67.16
67.83
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
5.7
5.3
5.7
4.3
5.7
5.2
5.7
4.3
1983:
1........
II.......
Ill......
IV
4,972.4
5,089.8
5,180.4
5,286.8
5,036.1
5,113.1
5,200.3
5,268.5
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
67.98
68.59
69.17
69.75
68.22
68.80
69.35
69.83
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
3.0
3.7
3.6
3.6
3.0
3.7
3.6
3.6
August 2003
S urvey
of
D-41
C u r r e n t B u sin e s s
Table C.1. GDP and Other Major NIPA Aggregates
[ Q u a r te r ly e s t im a te s a r e s e a s o n a lly a d ju s t e d a t a n n u a l r a t e s ]
Percent change from
preceding period
Billions of chained (1996) dollars
Year and
quarter
Chain-type price indexes
Percent change from preceding period
Implicit price deflators
Chain-type price indexes
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Gross
domestic
product
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
product
Implicit price deflators
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
1984:
I ........
II.......
Ill......
IV......
5,402.3
5,493.8
5,541.3
5,583.1
5,313.9
5,410.8
5,456.0
5,531.0
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
70.59
71.18
71.74
72.24
70.67
71.25
71.72
72.18
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
4.8
3.3
3.2
2.9
4.7
3.3
3.2
2.9
1985:
I ........
II.......
I ll......
IV......
5,629.7
5,673.8
5,758.6
5,806.0
5,619.8
5,657.0
5,746.0
5,772.5
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
73.01
73.49
73.88
74.40
72.80
73.32
73.73
74.38
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
2.0
3.0
4.2
2.8
1.9
3.0
1986:
I ........
II.......
Ill......
IV......
5,858.9
5,883.3
5,937.9
5,969.5
5,828.7
5,872.6
5,956.0
5,993.1
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
74.69
75.04
75.51
76.05
74.71
74.85
75.37
75.94
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
2.0
2.5
2.7
1.5
2.0
2.5
2.7
1987:
I ........
II.......
Ill......
IV......
6,013.3
6,077.2
6,128.1
6,234.4
5,985.4
6,066.8
6,138.7
6,164.1
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
76.73
77.27
77.83
78.46
76.76
77.40
78.01
78.64
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
3.7
3.0
3.0
3.2
3.7
3.0
3.0
3.2
1988:
I ........
II.......
Ill......
IV......
6,275.9
6,349.8
6,382.3
6,465.2
6,263.0
6,334.0
6,365.9
6,447.5
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
78.99
79.79
80.73
81.36
79.21
80.01
80.75
81.46
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
4.7
3.1
2.7
4.1
4.7
3.1
1989:
I ........
II.......
Ill......
IV......
6,543.8
6,579.4
6,610.6
6,633.5
6,492.7
6,542.8
6,605.8
6,620.4
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
82.20
83.02
83.62
84.24
82.36
83.26
83.74
84.43
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
4.3
4.0
2.9
3.0
4.3
4.0
3.0
3.0
1990:
I ........
II.......
Ill......
IV......
6,716.3
6,731.7
6,719.4
6,664.2
6,705.8
6,697.6
6,699.2
6,680.0
6,743.6
6,760.8
6,742.6
6,713.3
5.1
.9
-.7
-3.2
5.3
-.5
.1
-1.1
85.19
86.17
87.00
87.76
85.48
86.27
87.26
88.41
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
4.5
4.7
3.9
3.5
4.6
4.6
3.9
3.5
1991:
I ........
II.......
I ll......
IV......
6,631.4
6,668.5
6,684.9
6,720.9
6,652.5
6,692.5
6,689.2
6,692.0
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
88.78
89.41
89.99
90.47
89.09
89.51
90.04
90.60
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
4.8
2.9
2.7
2.2
4.7
2.9
2.6
2.2
1992:
I ........
II.......
Ill......
IV......
6,783.3
6,846.8
6,899.7
6,990.6
6,788.9
6,827.1
6,882.7
6,972.4
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
91.16
91.68
91.98
92.56
91.25
91.81
92.26
92.81
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
3.0
2.3
1.3
2.5
1993:
I ........
II.......
I ll......
IV......
6,988.7
7,031.2
7,062.0
7,168.7
6,953.6
7,008.8
7,057.9
7,154.8
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
93.33
93.83
94.26
94.79
93.42
93.98
94.32
94.83
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
2.4
3.4
2.2
1.8
2.4
1994:
I ........
II.......
Ill......
IV......
7,229.4
7,330.2
7,370.2
7,461.1
7,187.1
7,250.2
7,318.5
7,387.2
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
95.28
95.72
96.29
96.74
95.22
95.74
96.43
96.86
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
2.0
1.8
2.4
1.9
2.1
1.8
2.4
1.9
1995:
I ........
II.......
Ill......
IV......
I ........
II.......
Ill......
IV......
7,488.7
7,503.3
7,561.4
7,621.9
7,676.4
7,802.9
7,841.9
7,931.3
7,427.3
7,469.6
7,549.7
7,602.5
7,669.6
7,773.4
7,792.1
7,897.6
7,510.2
7,528.6
7,572.3
7,645.2
7,703.1
7,820.4
7,853.5
7,947.9
1.5
.8
3.1
3.2
2.9
6.8
2.0
4.6
2.2
2.3
4.4
2.8
3.6
5.5
1.0
5.5
97.45
97.86
98.31
98.79
99.40
99.74
100.23
100.63
97.51
98.04
98.42
98.85
99.42
99.74
100.16
100.68
97.45
97.87
98.31
98.79
99.39
99.74
100.22
100.63
3.0
1.7
1.8
2.0
2.5
1.4
2.0
1.6
2.7
2.2
1.6
1.8
2.3
1.3
1.7
2.1
3.0
1.7
1.8
2.0
2.5
1.4
1.9
1.7
1997:
I ........
II.......
Ill......
IV......
7,966.4
8,043.2
8,164.9
8,206.3
8,025.1
8,145.6
8,225.1
8,276.9
3.5
3.9
6.2
2.0
101.36
101.82
102.12
102.49
101.28
101.49
101.74
102.07
101.33
101.80
102.10
102.46
8,286.6
8,397.2
8,454.9
8,588.5
8,405.4
8,448.7
8,517.6
8,662.0
4.0
5.4
2.8
6.5
102.76
103.02
103.38
103.66
102.09
102.26
102.54
102.84
102.76
103.01
103.38
103.65
102.73
102.98
103.34
103.62
2.9
1.9
1.2
1.4
1.1
1.0
1.4
1.1
2.4
.8
1.0
1.3
.1
.7
1.1
1.2
2.9
1.9
1.2
1.4
I ........
II.......
Ill......
IV......
4.4
5.9
4.2
2.8
6.1
2.2
4.1
6.7
3.0
1.7
1.8
2.0
2.5
1.4
1.9
1.6
2.8
1.8
1.2
1.4
1998:
8,016.4
8,131.9
8,216.6
8,272.9
8,396.3
8,442.9
8,528.5
8,667.9
97.45
97.86
98.30
98.78
99.39
99.74
100.22
100.63
101.34
101.82
102.12
102.49
1.1
1.0
1.4
1.1
1.1
1.0
1.4
1.1
1999:
I ........
II.......
Ill......
IV......
8,733.2
8,775.5
8,886.9
9,040.1
8,654.3
8,741.0
8,833.6
8,946.6
8,755.5
8,801.8
8,906.4
9,071.1
3.0
2.0
5.2
7.1
3.1
4.1
4.3
5.2
104.12
104.52
104.84
105.28
103.19
103.72
104.21
104.77
104.12
104.51
104.83
105.27
104.08
104.48
104.80
105.24
1.8
1.5
1.2
1.7
1.4
2.1
1.9
2.2
1.8
1.5
1.2
1.7
1.8
1.5
1.2
1.7
2000:
I ........
II.......
Ill......
IV......
9,097.4
9,205.7
9,218.7
9,243.8
9,042.9
9,111.1
9,150.4
9,179.8
9,119.7
9,233.0
9,238.2
9,274.0
2.6
4.8
.6
1.1
4.4
3.1
1.7
1.3
106.08
106.69
107.13
107.68
105.72
106.30
106.87
107.43
106.07
106.68
107.12
107.68
106.04
106.64
107.08
107.64
3.1
2.3
1.6
2.1
3.7
2.2
2.2
2.1
3.1
2.3
1.6
2.1
3.1
2.3
1.7
2.1
2001:
I ........
II.......
Ill......
IV......
9,229.9
9,193.1
9,186.4
9,248.8
9,243.8
9,234.3
9,230.5
9,324.9
9,241.7
9,224.3
9,199.8
9,283.5
-.6
-1.6
-.3
2.7
2.8
-.4
-.2
4.2
108.66
109.32
109.92
109.78
108.30
108.76
108.72
108.84
108.65
109.32
109.92
109.78
108.62
109.29
109.89
109.74
3.7
2.5
2.2
-.5
3.3
1.7
-.2
.4
3.7
2.5
2.2
-.5
3.7
2.5
2.2
-.5
2002:
I ........
II.......
Ill......
IV......
9,363.2
9,392.4
9,485.6
9,518.2
9,379.4
9,377.9
9,457.2
9,483.1
9,367.5
9,376.7
9,477.9
9,512.1
5.0
1.3
4.0
1.4
2.4
-.1
3.4
1.1
110.14
110.48
110.76
111.25
109.15
109.77
110.11
110.59
110.14
110.48
110.76
111.25
110.11
110.45
110.73
111.22
1.3
1.2
1.0
1.8
1.2
2.3
1.2
1.8
1.3
1.2
1.0
1.8
1.4
1.2
1.0
1.8
2003:
I ........
II
9,552.0
9,608.1
9,536.2
9,610.6
9,544.7
1.4
2.4
2.3
3.2
111.90
112.17
111.53
111.60
111.90
112.17
111.88
2.4
1.0
3.4
.3
2.4
1.0
2.4
1996:
D -42
August 2003
D. D om estic P erspectives
This table presents data collected from other government agencies and private organizations, as noted.
Quarterly data are shown in the middle month of the quarter.
Table D.1. Domestic Perspectives
2002
2001
2003
2002
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Consumer and producer prices, (monthly data seasonally adjusted)1
Consumer price index for all urban consumers,
1982-84=100:
All items.........................................................
Commodities.............................................
Services.....................................................
All items less food and energy......................
Food..........................................................
Energy.......................................................
Producer price index, 1982=100:......................
Finished goods..............................................
Consumer goods.......................................
Capital equipment.....................................
Less food and energy................................
Intermediate materials...................................
Less food and energy................................
Crude materials.............................................
Less energy...............................................
177.1
150.7
203.4
186.1
173.1
129.3
179.9
149.7
209.8
190.5
176.2
121.7
179.8
149.9
209.5
190.2
175.9
122.9
180.1
150.0
210.0
190.5
176.1
123.7
180.5
150.2
210.7
191.1
176.0
123.9
180.9
150.3
211.2
191.4
176.4
124.4
181.2
150.4
211.8
191.6
176.6
126.2
181.4
150.3
212.3
191.8
177.0
125.6
181.6
150.0
212.9
192.1
177.3
125.1
182.2
150.5
213.6
192.3
177.0
130.1
183.3
152.2
214.1
192.5
178.2
137.8
183.9
152.8
214.9
192.5
178.5
144.2
183.3
151.3
215.1
192.5
178.3
137.5
183.3
150.2
216.1
193.0
178.9
133.3
183.6
150.5
216.4
193.0
179.7
134.4
140.7
141.5
139.7
150.0
129.7
136.4
121.0
130.7
138.9
139.4
139.1
150.2
127.8
135.8
108.1
135.7
138.6
139.0
139.2
150.4
127.4
135.6
105.1
137.7
138.6
139.1
138.8
150.0
127.7
135.9
105.9
140.0
138.6
139.2
138.6
149.8
128.2
136.2
107.8
139.5
139.0
139.6
139.0
150.2
128.9
136.4
110.2
139.2
140.1
141.0
139.3
150.7
129.8
136.7
112.6
139.6
139.7
140.5
139.1
150.5
129.7
136.8
116.8
141.5
139.3
140.1
138.8
149.6
129.6
136.7
119.1
141.8
141.2
142.5
139.2
150.1
131.2
137.2
128.2
143.6
142.8
144.8
139.0
149.9
133.8
138.2
134.9
148.5
145.1
147.5
140.0
151.4
136.6
138.5
153.0
148.3
142.3
144.0
139.3
150.0
133.6
138.5
128.0
146.4
141.9
143.3
139.4
150.2
132.5
138.4
130.2
143.6
142.6
144.4
139.2
150.0
133.1
138.4
136.1
144.5
1 10
0.77
Money, interest rates, and stock prices
Money stock (monthly and quarterly data
seasonally adjusted):
Percent change:
M 1.............................................................
M 2.............................................................
Ratio:.............................................................
Gross domestic product to M 1.................
8.9
1.7
Personal income to M2..............................
Interest rates (percent, not seasonally
adjusted):2 .....................................................
Prime rate charged by banks........................
6.92
3-month Treasury bills, secondary market
3.39
3-Year U.S. Treasury bonds.....................
4.08
10-Year U.S. Treasury bonds...................
5.02
Federal funds rate.....................................
3.89
New home mortgages...............................
6.97
Index of stock prices (not seasonally adjusted):3
500 common stocks, 1941-43=10................ 1,194.18
0.47
0.54
0.58
0.86
-0.94
0.67
0.57
0.45
0.95
0.67
-0.04
0.69
0 68
0 26
0.21
0.51
1 66
0 94
0 35
0 25
0 03
0.39
1 69
1 47
8.769
1.589
1.606
1.585
8.819
1.579
1.576
1.571
8.782
1.565
1.566
1.564
8.713
1.552
1.555
1.55
8.58
1.52
4.68
1.60
3.10
4.61
1.67
6.54
4.75
1.70
3.49
4.93
1.75
6.65
4.75
1.68
3.01
4.65
1.73
6.49
4.75
1.62
2.52
4.26
1.74
6.29
4.75
1.63
2.32
3.87
1.75
6.09
4.75
1.58
2.25
3.94
1.75
6.11
4.35
1.23
2.32
4.05
1.34
6.07
4.25
1.19
2.23
4.03
1.24
6.05
4.25
1.17
2.18
4.05
1.24
5.92
4.25
1.17
2.05
3.90
1.26
5.84
4.25
1.13
1.98
3.81
1.25
5.75
4.25
1.13
2.06
3.96
1.26
5.81
4.25
1.07
1.75
3.57
1.26
5.48
4.22
0.92
1.51
3.33
1.22
5.23
993.94
1,014.05
903.59
912.55
867.81
854.63
909.93
899.18
895.84
841.15
848.18
916.92
963.59
974.5
Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)1
Civilian labor force.............................................
Labor force participation rates (percent):
Total...............................................................
Males, age 20 and over.............................
Females, age 20 and over........................
Both sexes, age 1 6 -1 9 ...........................
Civilian employment...........................................
Ratio, civilian employment to working-age
population (percent).......................................
Employees on nonagricultural payrolls.............
Goods-producing industries..........................
Services-producing industries.....................
Hours of production workers:.............................
Average weekly hours, total private sector....
Average weekly hours, manufacturing..........
Average weekly overtime hours,
manufacturing............................................
Number of persons unemployed........................
Unemployment rates (percent):........................
Total...............................................................
Males, age 20 and over.............................
Females, age 20 and over........................
Both sexes, age 16-19..............................
15 weeks and over.........................................
Average weeks unemployed..............................
Median weeks unemployed...............................
Productivity and costs, nonfarm business
sector, 1992=100:
Indexes:
Output per hour of all persons..................
Unit labor costs..........................................
Hourly compensation.................................
Percent change from preceding period,
annual rate:................................................
Output per hour.........................................
Unit labor costs..........................................
Real hourly compensation.........................
See footnotes at end of table.
143,734
144,863
144,852
144,786
145,123
145,634
145,393
145,180
145,150
145,838
145,857
145,793
146,473
146,485
147,096
66.8
76.5
60.6
49.6
136,933
66.6
76.3
60.5
47.4
136,485
66.6
76.5
60.5
47.7
136,383
66.5
76.4
60.4
47.5
136,343
66.6
76.4
60.5
47.3
136,757
66.8
76.6
60.6
48.1
137,312
66.6
76.3
60.6
47.2
136,988
66.4
76.0
60.5
47.0
136,542
66.4
75.9
60.6
46.3
136,439
66.3
75.8
60.7
46.0
137,536
66.3
76
60.5
45.5
137,408
66.2
75.9
60.6
44.1
137,348
66.4
76.1
60.7
45
137,687
66.4
76
60.7
45.1
137,487
66.6
76.1
61
45.1
137,738
63.7
131,922
24,944
106,978
62.7
130,791
23,836
106,955
62.7
130,736
23,861
106,875
62.6
130,790
23,812
106,978
62.8
130,913
23,801
107,112
63.0
130,829
23,748
107,081
62.7
130,898
23,688
107,210
62.5
130,817
23,631
107,186
62.4
130,670
23,551
107,119
62.5
130,873
23,563
107,310
62.4
130,520
23,463
107,057
62.3
130,396
23,439
106,957
62.4
130,348
23 366
106,982
62.3
62.3
34.2
40.7
34.2
40.9
34.3
41.1
34.0
40.7
34.1
40.9
34.2
40.8
34.2
40.7
34.2
40.6
34.1
40.9
34.3
40.9
34.1
40.8
34.3
40.8
34
40.5
3.9
6,801
4.1
8,378
4.3
8,469
4.0
8,443
4.2
8,366
4.1
8,321
4.1
8,405
4.0
8,637
4.2
8,711
4.1
8,302
41
8,450
4
8,445
39
8,786
8,998
9,358
4.7
4.2
4.1
14.7
1.2
13.1
6.8
5.8
5.3
5.1
16.5
2.0
16.6
9.1
5.8
5.4
5.1
16.9
2.1
17.1
11.6
5.8
5.3
5.1
17.0
2.0
16.6
8.9
5.8
5.3
5.0
16.9
2.0
16.3
8.7
5.7
5.3
5.0
16.2
2.1
17.8
9.5
5.8
5.4
5.2
15.1
2.1
17.6
9.6
5.9
5.6
5.0
16.8
2.2
17.9
9.4
6.0
5.6
5.2
16.4
2.3
18.4
9.6
5.7
5.4
4.7
16.8
2.2
18.4
9.8
5.8
5.3
5
17.1
2.2
18.6
9.4
5.8
5.3
5
17.7
2.1
18
9.6
6
5.6
5.1
18
2.2
19.6
10.2
6.1
5.9
5.1
18.5
2.2
19.2
10.1
6.4
6.1
5.2
19.3
2.4
19.8
12.3
117.5
116.3
136.6
123.1
113.6
139.8
123.9
113.1
140.1
124.2
113.9
141.5
124 8
1144
142 7
1.1
1.6
-0.1
4.8
-2 .3
0.8
5.5
-3 .4
-0 .3
0.7
3.2
1.9
19
15
-0 .4
August 2003
Survey
of
D-43
C u r r e n t B u s in e s s
Table D.1. Domestic Perspectives— Continued
2001
2002
2003
2002
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Construction (monthly data seasonally adjusted at annual rates) ‘
New construction put in place (billions
of dollars).........................................
Private construction.........................
Residential buildings....................
Nonresidential buildings.............
Public construction.........................
Housing starts (thousands of units):
Total.................................................
1-unit structures..............................
New 1-family houses sold (thousands
of units)............................................
842.5
650.0
388.7
201.1
192.5
846.1
642.2
415.5
167.9
203.9
851.4
645.7
418.0
167.0
205.6
856.7
649.0
426.4
162.2
207.6
842.7
634.9
422.2
159.6
207.8
843.2
631.8
417.6
159.1
211.4
849.5
640.2
421.4
161.1
209.3
869.1
653.9
432.6
161.7
215.3
879.4
663.3
446.6
154.1
216.1
899.3
678.1
456.3
159.8
221.2
899.5
680.3
461.2
158.4
219.2
890.8
680.8
454.0
159.5
210.0
885.0
673.9
449.5
157.6
211.1
869.8
662.6
445.4
157.0
207.2
1,603
1,273
1,705
1,359
1,709
1,359
1,666
1,329
1,630
1,249
1,810
1,449
1,653
1,366
1,760
1,403
1,815
1,462
1,828
1,509
1,640
1,312
1,742
1,393
1,627
1,357
1,738
1,388
908
973
959
961
1025
1057
1005
1022
1052
1009
935
1018
1028
1157
1,156,115 1,159,136 1,166,786
430,951
431,311
433,227
436,317
439,120
443,879
288,847
288,705
289,680
1,170,601
432,500
447,163
290,938
1.803
1,462
Manufacturing and trade, inventories and sales (millions of dollars, monthly data seasonally adjusted)4
Inventories:
Total manufacturing and trade........
Manufacturing..............................
Retail trade..................................
Merchant wholesalers................
Sales:
Total manufacturing and trade........
Manufacturing..............................
Retail trade..................................
Merchant wholesalers................
Inventory-sales ratio:
Total manufacturing and trade........
Manufacturing..............................
Retail trade..................................
Merchant wholesalers................
1,124,639 1,127,436
430,153
428,592
411,707
416,352
282,779
282,492
9,759,711
3,897,730
3,153,315
2,708,666
9,852,280
3,855,872
3,245,407
2,751,001
1,130,357 1,136,896
428,230
427,996
418,394
423,139
283,733
285,761
1,137,189 1,144,210
428,574
429,385
422,377
427,879
286,238
286,946
1,145;753 1,149,332
429,074
428,220
430,960
434,693
285,719
286,419
820,157
322,962
270,022
227,173
816,987
323,736
266,146
227,105
819,513
320,810
269,762
228,941
830,802
326,101
274,476
230,225
832,553
323,729
276,318
232,506
826,227
322,608
271,307
232,312
830,507
326,339
271,703
232,465
831,696
322,863
273,570
235,263
831,848
321,016
277,100
233,732
842,599
327,265
278,356
236,978
834,860
322,601
274,066
238,193
848,661
327,745
280,369
240,547
1.37
1.33
1.52
1.24
1.38
1.32
1.56
1.24
1.38
1.33
1.55
1.24
1.37
1.31
1.54
1.24
1.37
1.32
1.53
1.23
1.38
1.33
1.58
1.24
1.38
1.31
1.59
1.23
1.38
1.33
1.59
1.22
1.39
1.34
1.57
1.24
1.38
1.32
1.58
1.22
1.40
1.34
1.62
1.22
1.38
1.32
1.59
1.21
110.1
106.8
107.3
105.5
113.8
112.0
109.4
106.2
106.6
104.9
112.8
111.5
109.6
106.2
106.5
104.9
113.1
111.7
109.7
106.6
107.0
105.5
112.9
111.5
74.8
73.1
74.3
72.5
74.3
72.6
74.3
72.8
Industrial production indexes and capacity utilization rates (monthly data seasonally adjusted):
Industrial production indexes,
1997=100:
Total...........................................
Final products.......................
Consumer goods..............
Business equipment.........
Nonindustrial supplies..........
Materials................................
Capacity utilization rates (percent):
Total industry............................
Manufacturing............................
All sectors, by instrument:
Total...........................................
Open market paper..........
U.S. government securities....
Municipal securities..............
Corporate and foreign bonds.
Bank loans, n.e.c..................
Other loans and advances....
Mortgages.............................
Consumer credit...................
Sources:
1. Bureau of Labor Statistics
2. Federal Reserve Board
111.2
109.0
106.5
117.3
115.3
111.8
110.8
108.1
107.0
112.3
114.9
112.0
110.8
107.5
107.8
108.0
114.8
112.6
111.6
107.9
108.5
107.3
115.5
113.8
77.3
75.6
75.6
73.7
75.9
74.1
76.4
74.3
2,055.5
-164.4
623.8
122.8
669.9
-76.2
60.4
710.5
108.7
2,327.4
-98.2
811.5
167.0
527.9
-76.0
49.9
885.2
60.1
111.3
107.6
107.8
108.1
115.4
113.6
111.2
107.4
107.9
106.9
115.8
113.4
110.6
106.6
107.0
106.0
115.4
112.8
110.8
107.1
107.8
106.1
114.9
113.1
109.9
106.0
106.6
104.6
113.9
112.4
110.7
107.1
107.7
105.6
114.4
113.0
110.7
107.2
107.8
105.9
114.7
112.8
76.1
76.0
75.5
74.9
75.4
75.6
75.3
74.1
73.7
73.7
74.3
73.0
73.3
73.3
Credit market borrowing (billions of dollars, quarterly data seasonally adjusted at annual rates):
2,137.3
70.8
686.5
156.8
140.5
-54.4
148.5
919.5
69.1
2,719.1
-53.3
814.8
238.2
773.0
-107.5
-16.0
1,072.8
-2 .9
3. Standard and Poor’s, Inc.
4. Bureau of the Census
n.e.c. Not elsewhere classified
2,362.7
-16.1
532.3
162.2
742.2
-
101.6
52.4
915.6
75.7
D-44
August 2003
E. C harts
Percent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally
adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate.
SELECTED NIPA SERIES
Chained (1996) dollars
Apr Feb
Dec Nov
36000
Nov
Mar
Jan Jly Jly
Jly Mar
Nov
34000-
-34000
32000-
-32000
30000-
-30000
Mar Nov
36000
-2 8 0 0 0
26000-
-2 6 0 0 0
24000-
-2 4 0 0 0
22000 -
-22000
20000 -
-20000
18000-
-1 8 0 0 0
16000-
-1 6 0 0 0
14000-
-1 4 0 0 0
12000
I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I '"I
59
61
63
65
67
69
71
73
75
77
79
81
83
85
87
89
91
^
93
95
I I I I I I.‘ I I
97
99
01
12000
03
20
REAL GROSS DOMESTIC PRODUCT (PERCENT CHANGE)
M
59
I I
61
I
63
U.S. Bureau of Economic Analysis
I
I
65
I
I
67
II
I
69
I
71
I
M
73
I
75
I
I I
77
I I
79
l l
81
I
83
I
I
85
I
l 'l
87
I I I I I I I I
M
89
91
93
95
97
99
I
I
I
01
I
03
-1 0
August 2003
S urvey
D-45
C u r r e n t B u s in e s s
of
SELECTED NIPA SERIES
Percent
Dec Nov
Apr Feb
Nov
Mar
Jan JlyJly
Nov
Jly Mar
Mar Nov
60
50
- 40
- 30
20
-
I
59
P e rc e n t
61
63
65
67
6
71
73
I
I
75
Apr Feb_________________________ Dec Nov_______ Nov
I
77
I
I
I
79
Mar
I
I
I
81
83
Jan JlyJly
Nov
I
I
I
85
I
I
87
I
89
I
I
I
91
I
93
I
I
I
95
I
97
I I
99
Jly Mar
I
I
01
10
I
03
Mar Nov
70
70
I OF FEDERAL GOVERNMENT C
60 -
-6 0
*s * ' —' ( V ' v — A .
50 -
-5 0
40
-4 0
30 -
-3 0
20 -
-2 0
10 -
-1 0
I
61
63
I
I
65
I
I
67
I
I
69
I
I
71
I
I
73
I
I
75
I
I
77
I
I
79
I
I
81
I
Jan Jly Jly
I
83
Nov
I
I
85
I
I
87
I
I
89
I
I
91
I
Jly Mar
I
93
I
I
95
I
I
97
I
I
99
I
I
01
I
I
03
Mar Nov
-
4
-
2
b- 0
- -2
--4
--6
I
59
61
I
I
63
U.S. Bureau of Economic Analysis
I I
65
I
I
67
I
-8
National Data
D-46
August 2003
SELECTED NIPA SERIES
P e rc e n t Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
Mar Nov
August 2003
Survey
of
D-47
C u r r e n t B u s in e s s
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
1959
Wage and salary
accruals, 63.1%
2002
Wage and salary
accruals, 59.9%
Net interest, 2.4%
Net interest, 8.2%
Corporate profits
with IVA and CCAdj, 13.0%
n
Supplements to
wages and salaries, 5.2%
. ,.
,
Corporate profits
with IVA and CCAdj, 9.4%
Supplements to
Rental income of persons
Proprietors' income
with CCAdj, 1.7%
^ ith J V A ^ a n d C C A d j^ J T j^
Proprietors' income
with IVA and CCAdj, 12.6%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
SHARES OF GROSS DOMESTIC PURCHASES
Personal
consumption
expenditures, 62.5%
1959
2002
Personal
consumption
expenditures, 67.2%
Government consumption
expenditures and gross
investment, 18.2%
Government consumption
expenditures and gross
investment, 22.1%
Nonresidential
investment, 9.9%
U.S. Bureau of Economic Analysis
Residential investment, 5.5%
Nonresidential
investment, 10.3%
Residential investment, 4.3%
National Data
D-48
August 2003
SELECTED NIPA SERIES
P e rc e n t
60
Dec Nov
Apr Feb
Nov
Mar
Jan Jly Jly
Nov
Mar Nov
Jly Mar
SHARES OF GROSS DOMESTIC PRODUCT SY TYPE OF PRODUCT
Output of services
Output of goods
4 0 -
2 0 Output of structures
59
61
63
65
67
69
71
73
75
77
79
81
83
85
87
89
91
P e rc e n t Apr Feb
Dec Nov
Nov Mar
Jan Jly Jly
Nov
Jly Mar
16
------ ------------------------------------------------------ ---------------------------------------------------------------------------------------------------------------------------------------S AS SHARE OF GROSS DOME
RODUCT
3 AS SHARE OF GROSS DOME:
URCHASI
14
93
95
97
99
01
Mar Nov
*
12 -
10 -
Exports
P e rc e n t Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
OF PERSONAL CONSUMPTION EXPENDITURES BY TYPE OF PRODUCT
60
Services
50 -
Nondurable goods
30 -
20 Durable goods
10 -
U.S. Bureau of Economic Analysis
Mar Nov
03
August 2003
Survey
of
D-49
C u r r e n t B u s in e s s
SELECTED NIPA SERIES
P e rce n t
20
Apr Feb
1 6-
12-
R a jj°
Apr Feb
R a ti°
Apr Feb
5
U.S. Bureau of Economic Analysis
Dec Nov
Nov
Mar
Jan JlyJly
Nov
Jly Mar
Mar Nov
National Data
D-50
OTHER INDICATORS OF THE DOMESTIC ECONOMY
P e rc e n t
P e rce n t
P e rc e n t
H o u rs
U.S. Bureau of Economic Analysis
August 2003
August
2003
S urvey
of
D-51
C u r r e n t B u s in e s s
OTHER INDICATORS OF THE DOMESTIC ECONOMY
P e rce n t
Jan Jly Jly Nov
Mar Nov
July Mar
25
gg
Jan Jly Jly Nov
July Mar
MONEY SU fI Ly
(PERCENT CJ ANGE)
20-
15II
I 'i
10-
5 -
l1\ 1/ l
,'u'SA
1 >! i
I I I
M
'!
" i
m
V N 'i
i i
|
*
M1
-5 -
M2
A
L
/
U
1
w
y
sar
i i
] n* 11J ■
T
''i
i
-1 0
I I
79
I I
81
I I
83
I I
85
M illio n s
U.S. Bureau of Economic Analysis
I I
87
I I I
I I
I I
I I I
8 9 91
93 95 97
I I
99
I I I
2001 0 3
I
79
Thousands
81
83
85
I
I
87
I I
89
I I
91
I
I
93
I I
95
I I
97
I I I
9 9 20 01 0 3
D-52
August 2003
International Data
F. Transaction s Tables
Table F.1 contains estimates of U.S. international trade in goods and services that were released on July 11, 2003,
including “revised” estimates for April 2003 and “preliminary” estimates for May 2003. The sources for the other
tables in this section are as noted.
Table F.1. U.S. International Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
2002
2001
2003
2002
April
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
March
Aprilf
May"
Exports of goods and services...............
1,007,580
974,107
80,674
81,050
81,974
82,954
82,566
82,294
82,159
82,917
81,075
82,191
82,913
82,839
81,331
82,050
Goods.....................................................
Foods, feeds, and beverages.............
Industrial supplies and materials........
Capital goods, except automotive......
Automotive vehicles, engines, and
parts................................................
Consumer goods (nonfood), except
automotive.......................................
Other goods.........................................
Adjustments1......................................
718,712
49,407
160,104
321,714
681,874
49,616
156,837
290,496
56,871
3,950
13,042
24,172
56,848
3,993
13,245
24,223
57,702
4,265
13,258
24,707
58,638
4,307
13,209
25,149
57,870
4,114
13,360
24,727
57,807
4,064
13,306
24,809
57,301
3,888
13,234
24,511
57,765
4,309
13,549
24,369
55,774
4,355
13,625
22,461
57,143
4,355
14,095
22,966
57,907
4,358
13,995
24,138
58,296
4,333
14,432
23,656
57,230
4,294
14,230
23,027
57,583
4,285
14,283
23,315
75,435
78,942
6,665
6,727
6,669
6,887
6,768
6,689
6,653
6,497
6,483
6,642
6,651
6,661
6,640
6,757
88,331
34,110
-10,339
84,359
32,854
-11,229
7,088
2,772
-818
6,931
2,983
-1,253
7,090
2,589
-877
7,216
2,793
-923
7,049
2,859
-1,007
7,070
2,725
-856
7,149
2,854
-989
7,185
2,783
-927
6,973
2,784
-907
7,323
2,508
-747
6,994
2,629
-857
7,303
2,882
-973
7,171
2,894
-1,026
7,192
2,638
-887
Services..................................................
Travel...................................................
Passenger fares..................................
Other transportation............................
Royalties and license fees...................
Other private services.........................
Transfers under U.S. military agency
sales contracts2..............................
U.S. Government miscellaneous
services...........................................
288,868
71,893
17,926
28,442
41,098
116,139
292,233
66,547
17,046
29,166
44,142
122,594
23,803
5,261
1,349
2,361
3,680
10,206
24,202
5,369
1,476
2,353
3,749
10,282
24,272
5,400
1,454
2,361
3,793
10,233
24,316
5,328
1,387
2,404
3,797
10,248
24,696
5,460
1,527
2,491
3,801
10,220
24,487
5,429
1,374
2,412
3,790
10,213
24,858
5,855
1,421
2,474
3,698
10,300
25,152
6,059
1,420
2,575
3,707
10,383
25,301
6,091
1,414
2,633
3,752
10,339
25,048
5,743
1,363
2,590
3,833
10,465
25,006
5,620
1,254
2,619
3,872
10,566
24,543
5,061
1,137
2,585
3,901
10,723
24,101
4,603
1,073
2,567
3,907
10,797
24,467
4,864
1,207
2,490
3,924
10,826
12,539
11,943
880
907
964
1,085
1,130
1,203
1,042
941
1,006
986
1,008
1,069
1,088
1,090
831
795
66
66
67
67
67
66
68
67
66
68
67
67
66
66
Imports of goods and services...............
1,365,399
1,392,145
114,899
116,147
117,537
117,023
118,815
118,957
117,314
121,545
123,406
122,324
121,496
125,713
122,977
123,887
Goods.....................................................
Foods, feeds, and beverages.............
Industrial supplies and materials........
Capital goods, except automotive......
Automotive vehicles, engines, and
parts................................................
Consumer goods (nonfood), except
automotive.......................................
Other goods.........................................
Adjustments1
1,145,927
46,641
273,870
297,993
1,164,746
49,687
267,681
283,323
96,644
4,042
22,596
23,729
97,678
4,093
22,917
23,797
98,385
4,125
22,344
23,993
97,942
4,215
22,668
23,848
99,940
4,216
23,557
23,742
99,745
4,152
23,504
23,783
97,949
4,094
24,528
22,342
101,911
4,395
23,836
24,393
103,220
4,503
24,262
24,694
102,001
4,534
25,030
24,463
101,560
4,417
25,983
23,230
105,803
4,630
28,421
23,222
103,589
4,671
26,101
24,070
104,360
4,598
25,678
24,501
189,782
203,743
16,899
17,021
17,120
17,170
17,416
17,658
17,074
17,591
17,682
16,974
16,831
17,337
16,877
17,666
284,293
48,421
4,928
307,854
49,078
3,380
25,074
3,987
317
25,499
4,048
302
26,074
4,433
296
25,723
4,034
284
26,671
4,041
297
26,198
4,137
313
25,508
4,080
322
27,460
3,950
286
27,694
4,158
228
26,929
3,877
195
26,896
3,997
207
28,010
3,934
249
27,683
3,922
266
27,723
3,837
357
Services.........
Travel..........
Passenger fares
Other transportation............................
Royalties and license fees..................
Other private services.........................
Direct defense expenditures2 ............
U.S. Government miscellaneous
services...........................................
219,472
60,200
22,633
38,682
16,713
63,387
14,975
227,399
58,044
19,969
38,527
19,258
69,436
19,245
18,255
4,599
1,574
3,203
1,504
5,608
1,524
18,469
4,694
1,595
3,204
1,553
5,627
1,555
19,152
4,959
1,705
3,173
1,845
5,640
1,589
19,081
4,806
1,652
3,296
1,678
5,774
1,633
18,875
4,567
1,597
3,287
1,689
5,828
1,665
19,212
4,941
1,580
3,204
1,669
5,885
1,692
19,365
4,823
1,889
3,242
1,539
5,927
1,701
19,634
4,979
1,698
3,456
1,520
6,009
1,729
20,186
5,223
1,805
3,573
1,533
6,047
1,763
20,323
5,066
1,825
3,600
1,621
6,130
1,833
19,936
4,798
1,683
3,487
1,648
6,185
1,886
19,910
4,466
1,570
3,737
1,667
6,241
1,981
19,388
4,071
1,449
3,664
1,663
6,248
2,051
19,527
4,226
1,565
3,583
1,670
6,285
1,957
2,882
2,920
243
241
241
242
242
241
244
243
242
248
249
248
242
241
Memoranda:
Balance on goods....................................
Balance on services................................
Balance on goods and services.............
-427,215
69,396
-357,819
-482,872 -39,773
64,834
5,548
-418,038 -34,225
-40,830 -40,683 -39,304 -42,070 -41,938 -40,647 -44,147
5,733
5,120
5,235
5,821
5,275
5,493
5,518
-35,097 -35,563 -34,069 -36,249 -36,663 -35,154 -38,629
-47,447 -44,859 -43,654 -47,507 -46,359 -46,777
5,115
4,725
5,070
4,633
4,713
4,940
-42,332 -40,134 -38,584 -42,874 -41,646 -41,837
'’ Preliminary.
'Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and definitions used to prepare BEA's international and national accounts.
2. Contains goods that cannot be separately identified.
Source: U.S. Bureau of Economic Analysis and U.S. Bureau of the Census.
August 2003
Survey
of
D-53
C u r r e n t B u s in e s s
Table F.2. U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits - ) 1
2001
2002
2002
II
Current account
1 Exports of goods and services and income receipts........................................
2
Exports of goods and services............................................................................
3
Goods, balance of payments basis2...............................................................
4
Services3.........................................................................................................
5
Transfers under U.S. military agency sales contracts4...............................
6
Travel............................................................................................................
7
Passenger fares...........................................................................................
8
Other transportation.....................................................................................
9
Royalties and license fees5........................................................................
10
Other private services5...............................................................................
11
U.S. Government miscellaneous services...................................................
12
Income receipts....................................................................................................
13
Income receipts on U.S.-owned assets abroad...............................................
14
Direct investment receipts...........................................................................
15
Other private receipts...................................................................................
16
U.S. Government receipts...........................................................................
17
Compensation of employees...........................................................................
18 Imports of goods and services and Income payments.....................................
Imports of goods and services............................................................................
19
20
Goods, balance of payments basis2
21
Services3.....................................
22
Direct defense expenditures....
Travel........................................
23
24
Passenger fares...........................................................................................
Other transportation.....................................................................................
25
Royalties and license fees5........................................................................
26
27
Other private services5...............................................................................
28
U.S. Government miscellaneous services
29
Income payments........................................
Income payments on foreign-owned assets in the United States...................
30
Direct investment payments...............
31
32
Other private payments......................
U.S. Government payments...............
33
34
Compensation of employees..................
35 Unilateral current transfers, net...........................................................................
36
U.S. Government grants4....................................................................................
37
U.S. Government pensions and other transfers..................................................
38
Private remittances and other transfers6............................................................
Capital and financial account
Capital account
39 Capital account transactions, net........................................................................
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-)).......................
41
U.S. official reserve assets, net...........................................................................
42
Gold7...............................................................................................................
43
Special drawing rights......................................................................................
Reserve position in the International Monetary Fund.....................................
44
Foreign currencies............................................................................................
45
U.S. Government assets, other than official reserve assets, net........................
46
47
U.S. credits and other long-term assets..........................................................
Repayments on U.S. credits and other long-term assets8..............................
48
U.S. foreign currency holdings and U.S. short-term assets, net.....................
49
U.S. private assets, net........................................................................................
50
Direct investment..
51
52
Foreign securities.
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
53
54
U.S. claims reported by U.S. banks, not included elsewhere.........................
55 Foreign-owned assets in the United States, net (increase/financial inflow (+))
56
Foreign official assets in the United States, net..................................................
57
U.S. Government securities............................................................................
U.S. Treasury securities9.......
58
Other,0...................................
59
60
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere......................
61
Other foreign official assets12.........................................................................
62
63
Other foreign assets in the United States, net
64
Direct investment.....................................
U.S. Treasury securities.........................
65
U.S. securities other than U.S. Treasury securities
66
67
U.S. currency....................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
68
concerns.......................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.......................
69
70 Statistical discrepancy (sum of above items with sign reversed)....................
70a
Memoranda:
71 Balance on goods (lines 3 and 20)..........................................................................
72 Balance on services (lines 4 and 21).......................................................................
73 Balance on goods and services (lines 2 and 19)....................................................
74 Balance on income (lines 12 and 29).......................................................................
75 Unilateral current transfers, net (line 35).................................................................
76 Balance on current account (lines 1,18, and 35 or lines 73,74, and 7 5 )13..........
IV
2003
2002
III
II
\"
IV
\»
1,284,942
1,007,580
718,712
288,868
12,539
71,893
17,926
28,442
41,098
116,139
831
277,362
274,272
124,333
146,378
3,561
3,090
-1,632,072
-1,365,399
-1,145,927
-219,472
-14,975
-60,200
-22,633
-38,682
-16,713
-63,387
-2,882
-266,673
-258,571
-17,848
-160,042
-80,681
-8,102
1,229,649
974,107
681,874
292,233
11,943
66,547
17,046
29,166
44,142
122,594
795
255,542
252,379
142,933
106,143
3,303
3,163
-1,651,657
-1,392,145
-1,164,746
-227,399
-19,245
-58,044
-19,969
-38,527
-19,258
-69,436
-2,920
-259,512
-251,108
-49,458
-127,735
-73,915
-8,404
310,189
245,704
175,002
70,702
2,751
16,732
4,281
7,104
11,012
28,623
199
64,485
63,705
35,538
27,560
607
780
-418,753
-349,628
-291,870
-57,758
-4,668
-15,806
-5,475
-9,577
-4,765
-16,742
-725
-69,125
-67,085
-14,303
-33,773
-19,009
-2,040
312,767
245,866
169,014
76,852
3,418
18,829
4,831
7,646
11,168
30,760
200
66,901
66,116
37,986
27,225
905
785
-431,963
-363,766
-303,073
-60,693
-4,990
-16,930
-5,430
-10,138
-4,941
-17,539
-725
-68,197
-66,107
-15,637
-31,802
-18,668
-2,090
311,746
248,924
174,073
74,851
2,989
16,507
4,062
7,632
11,823
31,637
201
62,822
62,035
36,735
24,408
892
787
-427,504
-366,524
-309,071
-57,453
-5,193
-12,878
-4,642
-10,392
-4,945
-18,674
-729
-60,980
-58,705
-11,444
-29,648
-17,613
-2,275
309,178
244,390
171,086
73,304
3,063
14,578
3,487
7,439
11,270
33,265
202
64,788
63,981
39,196
23,715
1,070
807
-415,673
-354,354
-298,047
-56,307
-5,700
-12,316
-4,584
-10,257
-4,798
-17,907
-745
-61,319
-59,243
-14,062
-28,264
-16,917
-2,076
307,616
243,696
171,421
72,275
2,751
16,030
4,279
7,075
11,221
30,720
199
63,920
63,140
34,874
27,560
706
780
-416,962
-348,584
-292,707
-55,877
-4,668
-14,252
-4,874
-9,580
-4,902
-16,876
-725
-68,378
-66,246
-13,464
-33,773
-19,009
-2,132
313,939
247,815
174,315
73,500
3,418
16,217
4,288
7,307
11,389
30,681
200
66,124
65,339
37,264
27,225
850
785
-422,666
-354,795
-297,627
-57,168
-4,990
-14,314
-4,829
-9,787
-5,036
-17,487
-725
-67,871
-65,820
-15,350
-31,802
-18,668
-2,051
311,015
246,151
170,840
75,311
2,989
18,005
4,255
7,682
11,157
31,022
201
64,864
64,077
38,735
24,408
934
787
-424,165
-362,267
-303,081
-59,186
-5,193
-15,025
-5,392
-10,271
-4,592
-17,984
-729
-61,898
-59,771
-12,510
-29,648
-17,613
-2,127
311,914
247,848
173,251
74,597
3,063
16,424
3,754
7,794
11,606
31,754
202
64,066
63,259
38,613
23,715
931
807
-430,910
-369,415
-309,248
-60,167
-5,700
-14,330
-5,078
-10,824
-4,936
-18,554
-745
-61,495
-59,317
-14,136
-28,264
-16,917
-2,178
-46,615
-11,517
-5,798
-29,300
-58,853
-17,097
-5,125
-36,631
-12,834
-3,287
-1,005
-8,542
-13,772
-3,075
-923
-9,774
-15,797
-4,338
-1,867
-9,592
-17,401
-5,865
-1,083
-10,453
-13,481
-3,287
-1,279
-8,915
-13,997
-3,075
-1,282
-9,640
-15,436
-4,338
-1,292
-9,806
-17,116
-5,865
-1,366
-9,885
-1,062
-1,285
-286
-364
-358
-340
-286
-364
-358
-340
-349,939
-4,911
-178,985
-3,681
-130,751
-1,843
26,896
-1,416
-37,432
-812
-78,590
83
-128,567
-1,843
29,712
-1,416
-44,902
-812
-75,897
83
-630
-3,600
-681
-486
-4,431
3,873
72
-344,542
-119,963
-84,637
-4,997
-134,945
765,531
5,104
31,665
10,745
20,920
-2,309
-29,978
5,726
760,427
151,581
-7,438
406,633
23,783
-475
-2,632
-574
-32
-5,611
5,684
-105
-175,272
-137,836
15,801
-31,880
-21,357
706,983
94,860
73,521
43,144
30,377
137
17,594
3,608
612,123
39,633
96,217
291,492
21,513
-107
-1,607
-129
42
-565
566
41
-128,950
-37,643
-5,843
-16,210
-69,254
224,088
47,552
21,706
15,138
6,568
365
24,575
906
176,536
2,390
14,218
104,187
7,183
-132
-1,136
-148
-27
-1,375
1,452
-104
28,339
-34,439
21,641
-11,862
52,999
142,129
8,992
12,300
1,415
10,885
464
-4,607
835
133,137
14,850
57,505
45,880
2,556
-127
-541
-144
-180
-2,818
2,672
-34
-36,440
-24,200
-5,364
-1,922
-4,954
194,691
32,210
33,258
27,630
5,628
-95
-2,094
1,141
162,481
12,524
12,705
66,964
7,249
897
-644
-170
37
-1,420
1,505
-48
-78,710
-31,667
-25,785
3,134
-24,392
188,045
35,870
27,479
18,099
9,380
-694
7,759
1,326
152,175
25,178
13,487
50,944
4,927
-107
-1,607
-129
42
-565
566
41
-126,766
-35,459
-5,843
-16,210
-69,254
221,242
47,552
21,706
15,138
6,568
365
24,575
906
173,690
-456
14,218
104,187
7,183
-132
-1,136
-148
-27
-1,375
1,452
-104
31,155
-31,623
21,641
-11,862
52,999
141,478
8,992
12,300
1,415
10,885
464
-4,607
835
132,486
14,199
57,505
45,880
2,556
-127
-541
-144
-180
-2,818
2,672
-34
-43,910
-31,670
-5,364
-1,922
-4,954
197,448
32,210
33,258
27,630
5,628
-95
-2,094
1,141
165,238
15,281
12,705
66,964
7,249
897
-644
-170
37
-1,420
1,505
-48
-76,017
-28,974
-25,785
3,134
-24,392
188,652
35,870
27,479
18,099
9,380
-694
7,759
1,326
152,782
25,785
13,487
50,944
4,927
67,489
118,379
-20,785
72,142
91,126
-45,852
24,610
23,948
28,347
-8,102
20,448
-35,693
8,863
54,176
-25,346
32,636
25,003
14,781
24,610
23,948
30,438
2,091
-8,102
20,448
-48,102
-12,409
8,863
54,176
-23,602
1,744
32,636
25,003
23,697
8,916
-427,215
69,396
-357,819
10,689
-46,615
-393,745
-482,872
64,834
-418,038
-3,970
-58,853
-480,861
-116,868
12,944
-103,924
-4,640
-12,834
-121,398
-134,059
16,159
-117,900
-1,296
-13,772
-132,968
-134,998
17,398
-117,600
1,842
-15,797
-131,555
-126,961
16,997
-109,964
3,469
-17,401
-123,896
-121,286
16,398
-104,888
-4,458
-13,481
-122,827
-123,312
16,332
-106,980
-1,747
-13,997
-122,724
-132,241
16,125
-116,116
2,966
-15,436
-128,586
-135,997
14,430
-121,567
2,571
-17,116
-136,112
'’Preliminary.
' Revised.
See footnotes on page D-57.
Source: Table 1 in “US. International Transactions, First Quarter 2003" in the July 2003 issue of the Survey o f C u rre n t Business.
III
Seasonally adjusted
2003
D-54
International Data
August 2003
Table F.3. U.S. International Transactions, by Area
[Millions of dollars]
Western Europe
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1b
16
17
18
19
20
21
22
23
24
2b
26
2/
28
29
30
31
32
33
34
35
36
37
38
39
40
41
4?
43
44
45
46
47
48
49
50
b1
52
53
54
55
56
b/
58
59
60
61
62
63
64
65
66
6/
68
69
70
71
12
/3
/4
75
/6
2002
(Credits +; debits - ) 1
Current account
Exports of goods and services and income receipts.........................................
Exports of goods and services..............................................................................
Goods, balance of payments basis2................................................................
Services3.........................................................................................................
Transfers under U.S. military agency sales contracts4...............................
Travel.............................................................................................................
Passenger fares....
Other transportation
Royalties and license fees5
Other private services5 ...............................................................................
U.S. Government miscellaneous services
Income receipts................................................
Income receipts on U.S.-owned assets abroad
Direct investment receipts.......................
Other private receipts....................................................................................
U.S. Government receipts............................................................................
Compensation of employees............................................................................
Imports of goods and services and income payments......................................
Imports of goods and services..............................................................................
Goods, balance of payments basis2................................................................
Services3.........................................................................................................
Direct defense expenditures
Travel....................
Passenger fares....
Other transportation
Royalties and license fees5
Other private services5
U.S. Government miscellaneous services....................................................
Income payments..................................................................................................
Income payments on foreign-owned assets in the United States....................
Direct investment payments..........................................................................
Other private payments.................................................................................
U.S. Government payments.........................................................................
Compensation of employees............................................................................
Unilateral current transfers, net............................................................................
U.S. Government grants4.....................................................................................
U.S. Government pensions and other transfers...................................................
Private remittances and other transfers6............................................................
Capital and financial account
Capital account
Capital account transactions, net.........................................................................
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-)).........................
U.S. official reserve assets, net.............................................................................
Gold7................................................................................................................
Special drawing rights.......................................................................................
Reserve position in the International Monetary Fund......................................
Foreign currencies.............................................................................................
U.S. Government assets, other than official reserve assets, net..........................
U.S. credits and other long-term assets...........................................................
Repayments on U.S. credits and other long-term assets8 .............................
U.S. foreign currency holdings and U.S. short-term assets, net......................
U.S. private assets, net.........................................................................................
Direct investment...............................................................................................
Foreign securities..............................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. claims reported by U.S. banks, not included elsewhere...........................
Foreign owned assets in the United States, net (increase/financial inflow (+))
Foreign official assets in the United States, net...................................................
U.S. Government securities..............................................................................
U.S. Treasury securities9.............................................................................
Other10.........................................................................................................
Other U.S. Government liabilities11.................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.......................
Other foreign official assets12..........................................................................
Other foreign assets in the United States, net
Direct investment..............................
U.S. Treasury securities..................
U.S. securities other than U.S. Treasury securities..........................................
U.S. currency.....................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns........................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere........................
Statistical discrepancy (sum of above items with sign reversed)....................
Memoranda:
Balance on goods (lines 3 and 20)...........................................................................
Balance on services (lines 4 and 21)........................................................................
Balance on goods and services (lines 2 and 19).....................................................
Balance on income (lines 12 and 29).......................................................................
Unilateral current transfers, net (line 35)..................................................................
Balance on current account (lines 1,18, and 35 or lines 73,74, and 75 )13...........
See footnotes on page D-57.
European Union14
2002
2003
United Kingdom
2003
III
IV
I"
III
IV
If
93,629
64,674
35,907
28,767
824
5,914
1,854
2,556
5,177
12,407
35
28,955
28,878
15,132
13,483
263
77
-121,964
-88,289
-62,043
-26,246
-2,288
-5,987
-2,759
-3,616
-2,482
-8,809
-305
-33,675
-33,593
-9,797
-18,668
-5,128
-82
239
-176
-364
779
97,315
69,110
39,433
29,677
891
5,521
1,586
2,500
5,790
13,354
35
28,205
28,128
15,732
12,148
248
77
-120,531
-91,086
-66,594
-24,492
-2,331
-3,954
-2,024
-3,680
-2,771
-9,426
-306
-29,445
-29,345
-6,878
-17,695
-4,772
-100
15
-142
-438
595
95,901
67,040
40,198
26,842
907
4,088
1,082
2,472
5,516
12,742
35
28,861
28,784
16,664
11,730
390
77
-117,463
-86,009
-62,086
-23,923
-2,515
-3,514
-2,063
-3,752
-2,654
-9,136
-289
-31,454
-31,354
-10,157
-16,600
-4,597
-100
-2
-153
-402
553
84,007
58,732
32,946
25,786
566
5,444
1,780
2,322
4,550
11,093
31
25,275
25,210
12,711
12,291
208
65
-109,680
-80,081
-56,730
-23,351
-1,985
-5,546
-2,554
-3,132
-1,962
-7,910
-262
-29,599
-29,526
-7,822
-17,108
-4,596
-73
373
-2
-333
708
86,964
62,482
36,151
26,331
597
5,084
1,534
2,240
5,166
11,679
31
24,482
24,417
13,246
10,932
239
65
-109,517
-82,692
-61,153
-21,539
-1,990
-3,679
-1,894
-3,120
-2,227
-6,366
-263
-26,825
-26,742
-6,378
-16,083
-4,281
-83
225
-7
-340
572
86,158
60,516
36,891
23,625
605
3,714
1,043
2,203
4,854
11,175
31
25,642
25,577
14,513
10,724
340
65
-105,696
-78,093
-57,252
-20,841
-2,185
-3,218
-1,889
-3,176
-2,157
-7,970
-246
-27,603
-27,520
-8,188
-15,232
-4,100
-83
189
-1
-360
550
-86
-136
-81
-65
-62
10,701
-148
3,482
-144
-29,080
-170
-2,782
-97
-148
-62
-297
281
-46
10,911
-18,821
11,397
-16,053
34,388
29,800
1,925
C7)
n
n
443
n
n
27,875
4,186
(17)
10,996
-144
177
-7
214
-30
3,449
-13,278
-2,750
16,415
3,062
106,277
9,645
(,7)
(,7)
(")
-191
n
n
96,632
3,757
(,7)
39,445
-170
311
-276
621
-34
-29,221
-14,431
-18,576
3,786
32,363
-5,955
(,7)
(17)
(17)
-325
(,7)
e7)
38,318
24,301
(’7)
43,832
-97
19
-122
154
-13
-2,704
-16,466
11,524
-22,488
24,726
22,309
n
n
(18)
(18)
406
(18)
n
(,e)
7,171
(’8)
9,447
-29,812
13,468
-12,319
-86,422
(,7)
18,362
-26,136
2,521
-23,615
-4,720
239
-28,096
-27,161
5,185
-21,976
-1,240
15
-23,201
-21,888
2,919
-18,969
-2,593
-2
-21,564
2002
III
IV
I»
21
-34,307
-17,472
-10,328
-7,144
-176
-1,520
-903
-711
-366
-3,447
-21
-16,835
-16,817
-2,701
-11,711
-2,405
-18
336
24,879
16,384
7,777
8,607
68
2,305
756
519
1,103
3,852
4
8,495
8,474
3,150
5,240
84
21
-34,605
-17,553
-10,498
-7,055
-169
-1,450
-743
-724
-374
-3,574
-21
-17,052
-17,032
-3,639
-11,115
-2,278
-20
148
-59
395
-60
24,747
-86
-47,584
-120
-86
72
-120
420
106
-34
24,761
-11,093
-2,192
15,693
22,353
69,972
n
(,8)
n
(18)
182
(18)
(18)
454
-34
-47,884
-12,654
-17,346
25,038
16,245
7,758
8,487
130
2,248
782
520
1,245
3,558
4
8,793
8,772
2,987
5,785
European Union (6)15
2002
2003
IV
III
24,039
15,874
8,454
7,420
69
1,682
501
504
991
3,669
4
8,165
8,144
3,217
4,927
2003
I*
21
-34,968
-16,730
-10,095
-6,635
-170
-1,109
-735
-735
-413
-3,455
-18
-18,238
-18,218
-5,454
-10,490
-2,274
-20
255
44,946
32,320
20,458
11,862
208
2,315
879
1,240
1,988
5,210
22
12,626
12,591
7,472
4,975
144
35
-55,928
-46,050
-33,983
-12,067
-1,642
-2,761
-1,038
-1,634
-1,395
-3,386
-211
-9,878
-9,829
-4,093
-4,346
-1,390
-49
37
46,514
34,440
22,533
11,907
228
1,920
678
1,223
2,571
5,265
22
12,074
12,039
7,542
4,353
144
35
-56,307
-48,229
-37,030
-11,199
-1,703
-1,676
-759
-1,603
-1,605
-3,641
-212
-8,078
-8,023
-2,771
-3,998
-1,254
-55
85
46,709
33,708
22,795
10,913
231
1,386
496
1,166
2,423
5,190
21
13,001
12,966
8,436
4,361
169
35
-52,402
-45,045
-34,062
-10,983
-1,885
-1,562
-741
-1,590
-1,543
-3,464
-198
-7,357
-7,302
-2,416
-3,738
-1,148
-55
-27
-59
207
-58
313
-179
216
-186
271
-203
176
-10
-10
-8
-12
-11
-11
-22,283
21,525
-28,807
17,006
-2
590
-20,181
-15
58
-8
-26
-26
-26
616
-6,730
1,540
-3,159
8,965
21,253
(18)
(18)
(18)
(18)
-21
(18)
(18)
(18)
411
(18)
9,019
26
-20,155
-6,229
-5,430
-11,415
44,402
n
(18)
(18)
(18)
-21
(18)
(18)
(18)
18,493
(18)
30,974
17,008
-6,338
1,829
-4,851
26,368
-7,734
(18)
(18)
(18)
(18)
33
(18)
n
(18)
-2,298
(18)
458
-2
n
7,972
(18)
8,927
66
-8
21,467
-1,093
-3,063
17,352
8,271
41,592
(18)
(18)
(18)
(18)
31
(18)
(18)
(18)
5,291
(18)
26,659
18-4,776
11,000
-11 828
1819,481
6,705
6 700
'82,911
-53,529
'»-5,044
-4,913
12 984
187,057
1,685
1 712
1810,132
-12,124
16-1,178
17,112
-20,361
2,784
-17,577
-1,961
189
-19,349
-2,570
1,343
-1,227
-8,042
336
-8,933
-2,721
1,552
-1,169
-8,557
148
-9,578
-1,641
785
-856
-10,073
255
-10,674
-13,525
-205
-13,730
2,748
37
-10,945
-14,497
708
-13,789
3,996
85
-9,708
-11,267
-70
-11,337
5,644
-27
-5,720
n
3,633
(18)
35,907
-17,884
55,993
(18)
(18)
(18)
(18)
-142
(18)
(18)
(18)
20,917
(18)
39,994
-24,819
18 30,104
5,838
10 336
1819,914
-72,329
-23,784
2,435
-21,349
-4,324
373
-25,300
-25,002
4,792
-20,210
-2,343
225
-22,328
-15
-22,268
-6,473
8,210
-19,325
-4,680
24,521
H
(’8)
(18)
(18)
-31
(18)
(18)
-8
-28,799
-4,515
-12,869
-8,496
8,800
<18)
(18)
(18)
(18)
-16
(18)
(18)
(18)
2,233
(18)
7,761
August 2003
Survey
of
D -55
C u r r e n t B u s in e s s
Table F.3. U.S. International Transactions, by Area—Continued
[Millions of dollars]
Eastern Europe
Line
(Credits +; debits - ) 1
2002
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1b
16
17
18
19
20
21
22
23
24
2b
26
21
28
29
30
31
32
33
34
35
3fi
37
38
39
40
41
4?
43
44
45
4fi
47
48
49
50
51
52
S3
54
55
56
57
58
b9
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
Current account
Exports of goods and services and income receipts.........................................
Exports of goods and services.............................................................................
Goods, balance of payments basis2................................................................
Services3.........................................................................................................
Transfers under U.S. military agency sales contracts4...............................
Travel.............................................................................................................
Passenger fares............................................................................................
Other transportation......................................................................................
Royalties and license fees5 .........................................................................
Other private services5...............................................................................
U.S. Government miscellaneous services....................................................
Income receipts.....................................................................................................
Income receipts on U.S.-owned assets abroad
Direct investment receipts..................
Other private receipts..........................
U.S. Government receipts..................
Compensation of employees..................
Imports of goods and services and income payments......................................
Imports of goods and services.............................................................................
Goods, balance of payments basis2................................................................
Services3.........................................................................................................
Direct defense expenditures.........................................................................
Travel.............................................................................................................
Passenger fares............................................................................................
Other transportation....
Royalties and license fees5
Other private services5
U.S. Government miscellaneous services....................................................
Income payments................
Income payments on foreign-owned assets in the United States....................
Direct investment payments
Other private payments................................................................................
U.S. Government payments.........................................................................
Compensation of employees
Unilateral current transfers, net
U.S. Government grants4....
U.S. Government pensions and other transfers...................................................
Private remittances and other transfers6 ............................................................
Capital and financial account
Capital account
Capital account transactions, net.........................................................................
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-))........................
U.S. official reserve assets, net............................................................................
Gold7................................................................................................................
Special drawing rights.........................................
Reserve position in the International Monetary Fund......................................
Foreign currencies...............................................
U.S. Government assets, other than official reserve assets, net..........................
U.S. credits and other long-term assets.............
Repayments on U.S. credits and other long-term assets8 .............................
U.S. foreign currency holdings and U.S. short-term assets, net......................
U.S. private assets, net.........................................................................................
Direct investment...............................................................................................
Foreign securities..............................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. claims reported by U.S. banks, not included elsewhere..........................
Foreign owned assets in the United States, net (increase/financial inflow (+))
Foreign official assets in the United States, net...................................................
U.S. Government securities.............................................................................
U.S. Treasury securities9.............................................................................
Other10.........................................................................................................
Other U.S. Government liabilities11.................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.......................
Other foreign official assets12..........................................................................
Other foreign assets in the United States, net......................................................
Direct investment...............................................................................................
U.S. Treasury securities...................................................................................
U.S. securities other than U.S. Treasury securities..........................................
U.S. currency.....................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns........................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.......................
Statistical discrepancy (sum of above items with sign reversed)....................
Memoranda:
Balance on goods (lines 3 and 20)...........................................................................
Balance on services (lines 4 and 21).......................................................................
Balance on goods and services (lines 2 and 19).....................................................
Balance on income (lines 12 and 29).......................................................................
Unilateral current transfers, net (line 35)..................................................................
Balance on current account (lines 1,18, and 35 or lines 73,74, and 75 )13...........
See footnotes on page D-57.
2003
IV
Latin America and Other
Western Hemisphere
Canada
Ip
3,577
2,764
1,573
1,191
121
345
12
56
95
551
11
813
799
507
148
144
14
-5,765
-4,747
-3,927
-820
-43
-386
-123
-46
-18
-190
-14
-1,018
-1,005
-427
-186
-392
-13
-1,186
-507
-14
-665
3,140
2,763
1,627
1,136
108
282
14
65
115
541
11
377
363
190
138
35
14
-6,144
-5,187
-4,578
-609
-49
-195
-76
-51
-22
-202
-14
-957
-938
-391
-166
-381
-19
-1,062
-417
-15
-630
3,278
2,763
1,511
1,252
135
240
11
62
101
695
8
515
501
247
131
123
14
-6,038
-5,174
-4,597
-577
-35
-213
-78
-38
-19
-179
-15
-864
-845
-374
-119
-352
-19
-1,227
-540
-12
-675
-52
-49
-790
2002
III
2003
IV
2002
\»
III
49,827
44,833
38,834
5,999
29
1,447
443
674
767
2,617
22
4,994
4,973
2,978
1,995
51,907
46,834
40,843
5,991
13
1,323
405
710
803
2,715
22
5,073
5,052
3,243
1,809
52,807
47,727
41,120
6,607
13
1,837
546
667
795
2,728
21
5,080
5,057
3,261
1,796
21
-59,273
-58,412
-52,403
-6,009
-19
-2,788
-172
-939
-332
-1,715
-44
-861
-788
490
-997
-281
-73
-154
21
-59,055
-57,936
-53,646
-4,290
-28
-1,108
-119
-903
-232
-1,856
-44
-1,119
-1,039
70
-886
-223
-80
-127
23
-61,443
-60,470
-56,429
-4,041
-18
-970
-95
-907
-226
-1,780
-45
-973
-889
201
-915
-175
-84
-161
-135
-19
-135
8
-52
41
-10
-180
-4,202
15
-237
252
63
-8
71
49
-12
61
-805
-515
-550
-47
307
6,992
(18)
(,8)
n
n
38
n
H
(18)
2,075
(,8)
-599
-73
-214
851
2
-712
1,157
n
n
n
H
14
(18)
H
H
-619
H
-1,157
-229
40
137
-328
18 5,806
-2,776
-2,354
371
-1,983
-205
-1,186
-3,374
Japan
2002
2003
IV
III
\»
-158
-3
62,312
51,241
37,544
13,697
94
5,029
1,257
832
1,021
5,422
42
11,071
11,019
5,092
5,843
84
52
-75,507
-64,026
-53,840
-10,186
-87
-4,350
-€96
-842
-397
-3,688
-126
-11,481
-9,711
26
-7,344
-2,393
-1,770
-6,014
-489
-175
-5,350
60,981
51,769
38,341
13,428
90
4,628
1,165
852
927
5,723
43
9,212
9,161
3,920
5,133
108
51
-73,146
-63,887
-53,510
-10,377
-104
-4,443
-697
-844
-345
-3,816
-128
-9,259
-7,437
1,486
-6,621
-2,302
-1,822
-6,189
-469
-248
-5,472
57,415
47,765
35,022
12,743
114
4,098
1,042
820
875
5,750
44
9,650
9,597
4,664
4,845
88
53
-71,845
-61,652
-51,380
-10,272
-90
-4,428
-643
-886
-329
-3,762
-134
-10,193
-8,575
230
-6,653
-2,152
-1,618
-6,254
-475
-190
-5,589
38
28
-13
2
5,006
3,020
33,746
2003
IV
\p
24,621
21,261
12,965
8,296
170
2,503
889
724
1,604
2,384
22
3,360
3,342
1,852
1,490
22,486
19,877
12,177
7,700
202
2,161
615
776
1,620
2,304
22
2,609
2,591
1,228
1,363
18
-44,711
-35,295
-30,387
-4,908
-379
-695
-270
-1,114
-1,393
-1,027
-30
-9,416
-9,401
-3,067
-1,698
-4,636
-15
128
18
-46,549
-37,463
-32,519
-4,944
-376
-730
-263
-1,140
-1,224
-1,181
-30
-9,086
-9,062
-3,008
-1,587
-4,467
-24
172
22,498
19,545
12,179
7,366
205
1,879
510
751
1,573
2,422
26
2,953
2,935
1,501
1,433
1
18
-40,380
-33,547
-28,884
-4,663
-365
-617
-250
-1,142
-1,233
-1,007
-49
-6,833
-6,809
-1,056
-1,311
-4,442
-24
146
-33
161
-33
205
-26
172
-7
5
5
6
-37,817
-33,580
-2,126
-13,901
-8,544
-21
-172
141
10
-37,796
-608
739
-16,335
-21,592
39,886
(18)
(18)
(18)
<18)
27
n
(18)
(18)
4,058
(18)
8,882
99
-91
191
-1
-33,679
-3,623
-12,636
10,624
-28,044
60,443
(18)
(18)
(18)
(18)
-2
n
n
(18)
-971
(18)
-1,701
6
-6
-6
6
-2,132
-399
3,000
3,298
-8,031
39,993
(18)
n
(18)
(18)
80
(18)
(18)
(18)
3,953
(18)
16,608
-6
-13,895
-772
-8,613
-1,424
-3,086
6,101
(18)
H
(18)
(18)
-189
(18)
(18)
(18)
4,222
(18)
13,756
-6
-8,538
-539
-496
3,123
6,044
-1,246
(17)
(17)
(")
20
(,7)
(,7)
7,290
100
(,7)
827
107
-168
305
-30
33,639
-3,225
-314
2,974
34,204
31,357
(18)
(18)
(18)
(18)
-7
(18)
n
n
-639
(18)
4,261
n
-983
(18)
-1,254
-4,202
-2,726
1,378
-4,543
1,689
-400
-995
(,7)
(,7)
(,7)
3
(17)
C7)
595
773
(17)
933
5,006
1,484
-766
1,362
2,926
-1,297
993
(,7)
(")
(17)
11
(17)
(17)
-2,290
101
C7)
-1,981
16
18 2,903
2,968
188,713
-2,275
816
(,7)
14,161
-175
(,7)
3,528
(17)
-295
18,503
18 9,239
-45,881
-1,699
1828,618
16,283
-1,139
'8 64,256
-6,172
1,582
1817,770
-17,910
-1,914
'“ -9,774
31,686
18 23,370
-1,438
-2,951
527
-2,424
-580
-1,062
-4,066
-3,086
675
-2,411
-349
-1,227
-3,987
-13,569
-10
-13,579
4,133
-154
-9,600
-12,803
1,701
-11,102
3,954
-127
-7,275
-15,309
2,566
-12,743
4,107
-161
-8,797
-16,296
3,511
-12,785
-410
-6,014
-19,209
-15,169
3,051
-12,118
-47
-6,189
-18,354
-16,358
2,471
-13,887
-543
-6,254
-20,684
-17,422
3,388
-14,034
-6,056
128
-19,962
-20,342
2,756
-17,586
-6,477
172
-23,891
-16,705
2,703
-14,002
-3,880
146
-17,736
-406
6,494
(18)
(18)
(18)
(18)
18
(18)
(18)
3,020
-4,478
4,375
-7,503
27,712
(18)
(18)
(18)
(18)
-228
n
(18)
(18)
-809
(18)
5,379
D-56
International Data
August 2003
Table F.3. U.S. International Transactions, by Area—Continued
[Millions of dollars]
Australia
Line
(Credits +; debits - ) 1
2002
III
1
2
3
4
5
fi
7
8
9
10
11
12
13
14
1b
16
17
18
19
?n
21
??
?3
?4
25
26
2/
f>8
29
30
31
32
33
34
35
3fi
37
38
39
40
41
4?
43
44
45
4fi
47
48
49
50
b1
b2
53
54
55
56
57
58
59
60
61
fi?
63
64
bb
m
fi t
68
69
70
71
72
/3
/4
/b
/6
Current account
Exports of goods and services and income receipts.............................................................
Exports of goods and services..................................................................................................
Goods, balance of payments basis2....................................................................................
Services3.............................................................................................................................
Transfers under U.S. military agency sales contracts4...................................................
Travel.................................................................................................................................
Passenger fares..............
Other transportation.........
Royalties and license fees5 .............................................................................................
Other private services5...
U.S. Government miscellaneous services........................................................................
Income receipts.........................................................................................................................
Income receipts on U.S.-owned assets abroad....................................................................
Direct investment receipts.................................................................................................
Other private receipts........................................................................................................
U.S. Government receipts.................................................................................................
Compensation of employees.................................................................................................
Imports of goods and services and income payments..........................................................
Imports of goods and services.
Goods, balance of payments basis2....................................................................................
Services3............................
Direct defense expenditures..............................................................................................
Travel................................
Passenger fares................................................................................................................
Other transportation..........................................................................................................
Royalties and license fees5 .............................................................................................
Other private services5....................................................................................................
U.S. Government miscellaneous services........................................................................
Income payments......................................................................................................................
Income payments on foreign-owned assets in the United States.........................................
Direct investment payments..............................................................................................
Other private payments.....................................................................................................
U.S. Government payments..............................................................................................
Compensation of employees.................................................................................................
Unilateral current transfers, net.................................................................................................
U.S. Government grants4.........................................................................................................
U.S. Government pensions and other transfers.......................................................................
Private remittances and other transfers6 ................................................................................
Capital and financial account
Capital account
Capital account transactions, net..............................................................................................
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-)).............................................
U.S. official reserve assets, net.................................................................................................
Gold7....................................................................................................................................
Special drawing rights...........................................................................................................
Reserve position in the International Monetary Fund..........................................................
Foreign currencies...............................................................
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets..............................
Repayments on U.S. credits and other long-term assets8 .
U.S. foreign currency holdings and U.S. short-term assets, net...........................................
U.S. private assets, net...........................................................
Direct investment.................................................................
Foreign securities..................................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.....................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
Foreign owned assets in the United States, net (increase/financial inflow (+))..................
Foreign official assets in the United States, net.......................................................................
U.S. Government securities..................................................................................................
U.S. Treasury securities9...................... ...........................................................................
Other10.............................................................................................................................
Other U.S. Government liabilities11.....................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere............................................
Other foreign official assets12..............................................................................................
Other foreign assets in the United States, net..........................................................................
Direct investment...................................................................................................................
U.S. Treasury securities........................................................................................................
U.S. securities other than U.S. Treasury securities..............................................................
U.S. currency.........................................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns.................
U.S. liabilities reported by U.S. banks, not included elsewhere............................................
Statistical discrepancy (sum of above items with sign reversed).........................................
Memoranda:
Balance on goods (lines 3 and 20)................................................................................................
Balance on services (lines 4 and 21)............................................................................................
Balance on goods and services (lines 2 and 19).........................................................................
Balance on income (lines 12 and 29)............................................................................................
Unilateral current transfers, net (line 35).......................................................................................
Balance on current account (lines 1,18, and 35 or lines 73,74, and 7 5 )13...............................
Preliminary.
'Revised.
See footnotes on page D-57.
Source: Table 11 in “U.S. International Transactions, First Quarter 2003’’ in the July 2003 issue of the S u r v e y
If
III
6,096
4,802
3,368
1,434
42
420
77
74
235
583
3
1,294
1,288
809
479
5,880
4,709
3,331
1,378
48
370
67
80
217
593
3
1,171
1,165
733
432
5,447
4,070
2,765
1,305
49
298
87
72
193
604
2
1,377
1,370
946
424
6
-3,014
-2,508
-1,753
-755
-34
-244
-142
-45
-16
-264
-10
-506
-503
-227
-160
-116
-3
-59
6
-3,038
-2,455
-1,640
-815
-32
-246
-164
-45
-29
-289
-10
-583
-580
-302
-162
-116
-3
-55
7
-2,831
-2,287
-1,415
-872
-24
-296
-196
-45
-27
-275
-9
-544
-540
-280
-155
-105
-4
-55
-13
-46
-13
-42
-6
2,358
2003
IV
2002
\»
III
-12
-43
63,756
54,796
38,823
15,973
2,138
3,171
299
2,581
1,669
6,050
65
8,960
8,860
7,043
1,535
282
100
-117,339
-109,780
-98,720
-11,060
-2,140
-2,480
-1,268
-3,109
-44
-1,823
-196
-7,559
-7,425
-185
-1,879
-5,361
-134
-5,198
-1,671
-131
-3,396
61,206
52,306
38,321
13,985
1,637
2,222
210
2,475
1,718
5,658
65
8,900
8,799
7,059
1,366
374
101
-114,618
-107,727
-96,584
-11,143
-2,273
-2,202
-1,299
-3,228
-63
-1,881
-197
-6,891
-6,664
72
-1,724
-5,012
-227
-6,492
-3 227
-133
-3,132
62,887
53,932
38 291
15,641
1,640
2,138
209
2,420
1,612
7,556
66
8,955
8,852
7,247
1,254
351
103
-111,194
-104,415
-93,256
-11,159
-2,653
-2 278
-1,259
-2,964
-57
-1,745
-203
-6,779
-6,552
-116
-1,673
-4,763
-227
-8,432
-4 627
-141
-3,664
-6
-6
-253
-212
-228
-2,279
-133
-8,782
14,547
2,266
2,358
106
904
993
355
5,380
-2,279
-883
126
-2,306
784
2,020
122
-4,261
158
-422
614
-34
-8,940
-4,286
5,470
1,516
-11,640
24,695
(IS)
(18)
(18)
(18)
(18)
(!8)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18\
(18)
(!8)
(!8)
-127
227
-346
-133
-634
379
6
(18)
(16)
8,949
1,495
8,831
1,556
8,945
1,548
1,495
1,556
1,548
149
600
746
174
633
749
175
605
768
7,454
6,957
4,573
2,252
132
497
-4,390
-709
7,275
6,776
4,630
2,019
127
499
-4,423
-783
7,397
6,885
4,666
2,102
117
512
-4,479
-800
-709
-783
-800
-427
-259
-23
-501
-259
-23
-3,681
-3,681
-2,450
-870
-361
-3,640
-3,640
-2,493
-807
-340
-523
-253
-23
1
-3,679
-3,679
-2,510
-838
-331
-1,528
232
-58
-1,238
-2,059
-83
-852
-1,124
-1,416
70
-142
-1,204
-4,009
-1,268
-6,460
-668
-12,359
253
132
-1,136
127
-541
897
-644
-251
-251
-261
-261
-261
-261
-2,490
-4,573
356
4,749
20,750
1,727
4,312
-5,531
-4,630
244
-2
-1,143
14,473
-12,351
-4,666
24
-7 490
-219
38,500
169
(18)
(’8)
n
1,114
n
-520
(18)
(,8)
(18)
(18)
585
938
445
6,280
(18)
(18)
169
(18)
(18)
4,307
2,450
14,473
2,493
38,331
2,510
336
7,249
-110
184,395
-10,362
33 775
18-2771
-29,191
773
773
3,635
-2,059
2,349
748
748
3,718
-1,416
3,050
4,124
495
-2,309
9,895
-968
n
7,188
-794
18907
-10,755
270
181,769
-2,522
18-2,537
1,839
1,930
1812,059
43,121
-1,103
1820,730
19,495
1814,371
33,951
-338
2,556
1
18-362
-3,334
1,615
679
2,294
788
-59
3,023
1,691
563
2,254
588
-55
2,787
1,350
433
1,783
833
-55
2,561
-59,897
4,913
-54,984
1,401
-5,198
-58,781
-58 263
2,842
-55,421
2,009
-6,492
-59,904
-54 965
4,482
-50,483
2,176
-8,432
-56,739
786
786
3,773
-1,528
3,031
C u r r e n t B u s in e s s .
(18)
(18)
(18)
I'
-155
780
632
-7
2,421
-3,336
1,008
(18)
(18)
(18)
2003
IV
-132
-2 370
2,246
-8
14,679
-5,299
4,805
366
14,807
26,074
(18)
f
2002
2003
IV
29
(1S)
of
International organizations and
unallocated16
Other countries in Asia and Africa
(18)
(18)
(18)
(18)
August 2003
Survey
of
D -57
C u r r e n t B u s in e s s
Table F.4. Private Services Transactions
[Millions of dollars]
Not seasonally adjusted
Line
2001
2002
I
1 Exports of private services.......................................................................
2
Travel (table F.2, line 6).............................................................................
Passenger fares (table F.2, line 7)
3
4
Other transportation (table F.2, line 8)
5
Freight......................................
6
Port services.........................................................................................
7
Royalties and license fees (table F.2, line 9).............................................
8
Affiliated.......................
9
U.S. parents' receipts
10
U.S. affiliates' receipts
11
Unaffiliated...................
12
Industrial processes1
13
Other2......................
14
Other private services (table F.2, line 10).................................................
15
Affiliated services.................................................................................
U.S. parents’ receipts
16
17
U.S. affiliates’ receipts
18
Unaffiliated services
Education.....
19
20
Financial services
21
Insurance services
22
Telecommunications
23
Business, professional, and technical services................................
24
Other unaffiliated services3.............................................................
25 Imports of private services.......................................................................
26
Travel (table F.2, line 23)...........................................................................
27
Passenger fares (table F.2, line 24)
28
Other transportation (table F.2, line 25)
29
Freight......................................
30
Port services............................
31
Royalties and license fees (table F.2, line 26)...........................................
32
Affiliated................................................................................................
33
U.S. parents’ payments
34
U.S. affiliates’ payments
35
Unaffiliated...................
Industrial processes1
36
37
Other2......................
38
Other private services (table F.2, line 27).................................................
39
Affiliated services.................................................................................
40
U.S. parents’ payments....................................................................
41
U.S. affiliates’ payments...................................................................
42
Unaffiliated services
43
Education
44
Financial services
45
Insurance services
46
Telecommunications.........................................................................
47
Business, professional, and technical services................................
48
Other unaffiliated services3.............................................................
Supplemental detail on Insurance transactions:
49 Premiums received........................................................................................
50
For insurance services4 (line 21).............................................................
For loss settlement5 ................................................................................
51
52 Actual losses paid5......................................................................................
53 Premiums paid..............................................................................................
54
For insurance services4 (line 45).............................................................
For loss settlement5 ................................................................................
55
56 Actual losses recovered5.............................................................................
Memoranda:
57 Balance on goods (table F.2, line 71)...........................................................
58 Balance on private services (line 1 minus line 25).......................................
59 Balance on goods and private services (lines 57 and 58)...........................
Seasonally adjusted
2002
II
2003
III
IV
\p
2002
I
II
2003
III
IV
\p
275,498
71,893
17,926
28,442
11,731
16,711
41,098
29,023
27,030
1,993
12,075
4,226
7,849
116,139
39,760
24,759
15,001
76,379
11,478
15,228
2,399
4,504
28,611
14,160
201,615
60,200
22,633
38,682
25,736
12,946
16,713
13,310
2,541
10,769
3,403
1,796
1,607
63,387
30,053
16,774
13,279
33,334
2,269
4,049
11,613
4,756
10,034
613
279,495
66,547
17,046
29,166
12,330
16,836
44,142
32,218
29,066
3,152
11,924
3,900
8,024
122,594
43,500
25,194
18,306
79,094
12,759
15,859
2,839
4,137
28,799
14,700
205,234
58,044
19,969
38,527
25,973
12,554
19,258
15,132
2,958
12,174
4,126
1,935
2,192
69,436
32,367
17,529
14,838
37,069
2,466
3,665
15,348
4,180
10,732
679
66,848
14,479
3,872
6,784
2,879
3,905
10,139
7,200
6,881
319
2,939
981
1,958
31,574
9,465
5,793
3,672
22,109
5,095
4,083
663
1,092
7,599
3,578
46,360
12,430
4,422
8,420
5,594
2,826
4,607
3,242
598
2,644
1,365
474
891
16,481
7,616
3,749
3,867
8,865
471
975
3,533
1,112
2,613
161
67,752
16,732
4,281
7,104
2,926
4,178
11,012
8,050
7,236
814
2,962
974
1,988
28,623
10,389
6,167
4,222
18,234
1,584
4,126
701
1,045
7,146
3,632
52,365
15,806
5,475
9,577
6,428
3,149
4,765
3,691
718
2,973
1,074
480
594
16,742
7,496
4,181
3,315
9,246
615
999
3,756
1,050
2,658
169
73,234
18,829
4,831
7,646
3,134
4,512
11,168
8,173
7,199
974
2,995
972
2,023
30,760
10,988
6,207
4,781
19,772
3,471
3,842
735
1,009
6,993
3,723
54,978
16,930
5,430
10,138
6,806
3,332
4,941
4,106
843
3,263
835
487
349
17,539
8,053
4,607
3,446
9,486
807
834
3,948
1,023
2,702
173
71,661
16,507
4,062
7,632
3,391
4,241
11,823
8,795
7,750
1,045
3,028
973
2,055
31,637
12,658
7,027
5,631
18,979
2,610
3,808
740
992
7,062
3,767
51,531
12,878
4,642
10,392
7,145
3,247
4,945
4,093
799
3,294
852
494
358
18,674
9,202
4,992
4,210
9,472
573
857
4,111
996
2,759
176
70,039
14,578
3,487
7,439
3,196
4,243
11,270
8,210
7,227
983
3,060
976
2,084
33,265
11,212
6,566
4,646
22,053
5,607
3,871
742
1,043
7,082
3,709
49,862
12,316
4,584
10,257
6,910
3,347
4,798
3,933
772
3,161
865
504
362
17,907
8,231
4,122
4,109
9,676
510
911
4,250
985
2,841
180
68,164
16,295
4,224
7,102
2,934
4,168
10,373
7,434
7,066
368
2,939
981
1,958
30,170
9,992
6,035
3,957
20,178
3,082
4,083
663
1,092
7,599
3,660
50,033
14,453
4,874
8,891
5,924
2,967
4,728
3,363
598
2,765
1,365
474
891
17,087
8,094
4,062
4,032
8,993
597
975
3,533
1,112
2,613
161
69,325
16,030
4,279
7,075
2,918
4,157
11,221
8,259
7,313
946
2,962
974
1,988
30,720
10,897
6,262
4,635
19,823
3,150
4,126
701
1,045
7,146
3,655
50,484
14,252
4,874
9,580
6,456
3,124
4,902
3,828
718
3,110
1,074
480
594
16,876
7,631
4,287
3,344
9,245
612
999
3,756
1,050
2,658
169
69,882
16,217
4,288
7,307
3,140
4,167
11,389
8,394
7,357
1,037
2,995
972
2,023
30,681
11,195
6,380
4,815
19,486
3,253
3,842
735
1,009
6,993
3,654
51,453
14,314
4,829
9,787
6,579
3,208
5,036
4,201
843
3,358
835
487
349
17,487
8,183
4,657
3,526
9,304
624
834
3,948
1,023
2,702
173
72,121
18,005
4,255
7,682
3,338
4,344
11,157
8,129
7,329
800
3,028
973
2,055
31,022
11,415
6,517
4,898
19,607
3,274
3,808
740
992
7,062
3,731
53,264
15,025
5,392
10,271
7,016
3,255
4,592
3,740
799
2,941
852
494
358
17,984
8,457
4,522
3,935
9,527
627
857
4,111
996
2,759
176
71,332
16,424
3,754
7,794
3,257
4,537
11,606
8,546
7,427
1,119
3,060
976
2,084
31,754
11,855
6,836
5,019
19,899
3,364
3,871
742
1,043
7,082
3,797
53,722
14,330
5,078
10,824
7,305
3,519
4,936
4,071
772
3,299
865
504
362
18,554
8,750
4,480
4,270
9,804
639
911
4,250
985
2,841
180
8,531
2,399
6,133
8,594
40,382
11,613
28,769
35,965
11,937
2,839
9,098
8,619
47,156
15,348
31,808
30,914
2,649
663
1,986
2,199
11,416
3,533
7,882
7,123
2,916
701
2,215
2,158
11,663
3,756
7,907
7,658
3,124
735
2,389
2,131
11,902
3,948
7,954
8,003
3,248
740
2,508
2,131
12,175
4,111
8,064
8,130
3,265
742
2,523
2,176
12,472
4,250
8,222
8,026
2,649
663
1,986
2,199
11,416
3,533
7,882
7,123
2,916
701
2,215
2,158
11,663
3,756
7,907
7,658
3,124
735
2,389
2,131
11,902
3,948
7,954
8,003
3,248
740
2,508
2,131
12,175
4,111
8,064
8,130
3,265
742
2,523
2,176
12,472
4,250
8,222
8,026
-427,215 -482,872
73,883
74,261
-353,332 -408,611
-96,947
20,488
-76,459
-126,961 -106,033
20,177
18,131
-106,784 -87,902
-121,286
18,841
-102,445
-123,312
18,429
-104,883
-132,241
18,857
-113,384
-135,997
17,610
-118,387
f Preliminary.
' Revised.
1. Includes royalties, license fees, and other fees associated with the use of intangible assets, including patents, trade secrets, and
other proprietary rights, that are used in connection with the production of goods.
2. Includes royalties, license fees, and other fees associated with the use of copyrights, trademarks, franchises, rights to broadcast
live events, software licensing fees, and other intangible property rights.
-116,868 -134,059 -134,998
15,387
18,256
20,130
-101,481 -115,803 -114,868
3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international organiza
tions in the United States and film and television tape rentals. Payments (imports) include mainly expenditures of U.S. residents
temporarily working abroad and film and television tape rentals.
4. Includes charges for auxiliary insurance services.
5. Beginning in 1992, the net result of (line 51 - line 52) - (line 55 - line 56) is recorded in "private remittances and other transfers”
(table F.2, line 38).
Source: Table 3 in “U.S. International Transactions, First Quarter 2 0 0 3 " in the July 2 0 0 3 issue of the S u rv e y o f C u r re n t Business.
Footnotes to Tables F.2. and F.3.
Footnotes to Tables F.2 and F.3:
1. Credits, +: Exports of goods and services and income receipts: unilateral current transfers to the United States; capital account
transactions receipts; financial inflows—increase in foreign-owned assets (U.S. liabilities) or decrease in U.S.-owned assets (U.S.
claims).
Debits,-: Imports of goods and services and income payments; unilateral current transfers to foreigners; capital accounts transac
tions payments; financial outflows—decrease in foreign-owned assets (U.S. liabilities) or increase in U.S.-owned assets (U.S. claims).
2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents, excludes imports
of goods under direct defense expenditures identified in Census import documents, and reflects various other adjustments (for valua
tion, coverage, and timing) of Census statistics to balance of payments basis; see table 2 in ‘U.S. International Transactions, First
Quarter 2003* in the July 2003 issue of the Survey of C urrent Business.
3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum products
purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship operators in lines 8 and 25.
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude U.S. parents'
payments to foreign affiliates and to include U.S. affiliates’ receipts from foreign parents. The definition of imports is revised to include
U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from foreign parents.
6. Beginning in 1982, the “other transfers’ component includes taxes paid by U.S. private residents to foreign governments and
taxes paid by private nonresidents to the U.S. Government.
7. At the present time, all U.S. Treasury-owned gold is held in the United States.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible bonds and notes.
10. Consists of U.S. Treasury and Export-lmport Bank obligations, not included elsewhere, and of debt securities of U.S. Govern
ment corporations and agencies.
11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged
with or through foreign official agencies; see table 4 in “U.S. International Transactions, First Quarter 2003’ in the July 2003 issue of
the Survey.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and local governments.
13. Conceptually, line 76 is equal to “net foreign investment” in the national income and product accounts (NIPA’s). However, the
foreign transactions account in the NIPA's (a) includes adjustments to the international transactions accounts for the treatment of gold,
(b) includes adjustments for the different geographical treatment of transactions with U.S. territories and Puerto Rico, and (c) includes
services furnished without payment by financial pension plans except life insurance carriers and private noninsured pension plans. A
reconciliation of the balance on goods and services from the international accounts and the NIRA net exports appears in reconciliation
table 2 in appendix A in this issue of the Survey. A reconciliation of the other foreign transactions in the two sets of accounts appears in
table 4.5 of the full set of NIPA tables.
Additional footnotes to Table F.3:
14. The “European Union" includes the “European Union (6),” United Kingdom, Denmark, Ireland, Greece, Spain, and Portugal.
Beginning with the first quarter of 1995, the “European Union’ also includes Austria, Finland, and Sweden.
15. Tne “European Union (6)” includes Belgium, France, Germany (includes the former German Democratic Republic (East
Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic Energy Community, European
Coal and Steel Community, and European Investment Bank.
16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in international
shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also includes taxes withheld; current-cost
adjustments associated with U.S. and foreign direct investment; before 1996, small transactions in business services that are not
reported by country; and net U.S. currency flows, for which geographic source data are not available.
17. Details are not shown separately; see totals in lines 56 and 63.
18. Details not shown separately are included in line 69.
D -58
August 2003
G. Investm ent Tables
Table G.1. International Investment Position of the United States at Yearend, 2001 and 2002
[Millions of dollars]
Changes in position in 2001 (decrease (-))
Attributable to:
Valuation adjustments
Line
Type of investment
Position,
2001
Financial
flows
'
(a)
Position,
Total
Price
changes
Exchange
rate
changes1
Other
changes2
(b)
(c)
(d)
2002 '
(a+b+c+d)
Net international investment position of the United States:
With direct investment positions at current cost (line 3 less line 24)..
With direct investment positions at market value (line 4 less line 25).
-1,979,906
-2,314,271
-527,998
-527,998
-83,284
-42,105
147,129
230,053
56,848
49,166
-407,305
-290,884
-2,387,211
-2,605,155
U.S.-owned assets abroad:
With direct investment positions at current cost (lines 5+10+15)....
With direct investment positions at market value (lines 5+10+16)...
6,187,410
6,891,251
178.985
178.985
-365,107
-847,812
182,335
264,680
5,568
-13,542
1,781
-417,689
6,189,191
6,473,562
129,961
72,328
10,783
17,869
28,981
3,681
18,492
3 18,492
6,482
-14
4-14
28,641
18,478
1,383
4,110
4,670
158,602
90,806
12,166
21,979
33,651
U.S. Government assets, other than official reserve assets...........
U.S. credits and other long-term assets 5
Repayable in dollars.........................
Other 6..............................................
U.S. foreign currency holdings and U.S. short-term assets........
85,654
83,132
82,854
278
2,522
32
-73
-69
-4
105
32
-73
-69
-A
105
85,686
83,059
82,785
274
2,627
U.S. private assets:
With direct investment at current cost (lines 17+19+22+23)...
With direct investment at market value (lines 18+19+22+23)..
85,654
83,132
32
-73
32
-73
85,686
83,059
1,598,072
2,301,913
2,114,734
502,061
1,612,673
835,780
1,423,209
137.836
137.836
-15,801
-33,478
17,677
31,880
21,357
-5,215
-487,920
-378,384
21,274
-399,658
153,780
-265,690
-267,758
-277
-267,481
55,181
31,905
1,751,852
2,036,223
1,846,976
501,784
1,345,192
890,961
1,455,114
Foreign-owned assets in the United States:
With direct investment at current cost (lines 26+33)...........
With direct investment at market value (lines 26+34)..........
8,167,316
9,205,522
706.983
706.983
-281,823
-805,707
409,086
-126,805
8,576,402
9,078,717
Foreign official assets in the United States
U.S. Government securities..................
U.S. Treasury securities...................
Other.................................................
Other U.S. Government liabilities7.............................................
U.S. liabilities reported by U.S. banks, not included elsewhere..
Other foreign official assets........................................................
1,027,194
798,844
650,703
148,141
17,007
123,425
87,918
94,860
73,521
43,144
30,377
137
17,594
3,608
10,476
25,640
16,761
8,879
-15,164
105,336
99,161
59,905
39,256
137
17,594
-11,556
1,132,530
898,005
710,608
187,397
17,144
141,019
76,362
Other foreign assets:
With direct investment at current cost (lines 35+37+38+41+42+43)...
With direct investment at market value (lines 36+37+38+41+42+43).
7,140,122
8,178,328
612.123
612.123
-292,299
-816,183
35,206
34,627
-51,280
-62,708
303,750
-232,141
7,443,872
7,946,187
1,514,374
2,552,580
389,000
2,855,705
1,391,616
1,464,089
275,569
799,120
1,306,354
39.633
39.633
96,217
291,492
236,309
55,183
21,513
72,142
91,126
-6,060
-529,944
18,413
-304,652
43,801
-348,453
579
-44,098
-55,526
-9,946
-545,837
114,630
5,410
298,680
-293,270
21,513
71,139
101,004
1,504,428
2,006,743
503,630
2,861,115
1,690,296
1,170,819
297,082
870,259
1,407,358
U.S. official reserve assets..............................................
Gold..............................................................................
Special drawing rights.................................................
Reserve position in the International Monetary Fund..
Foreign currencies.......................................................
Direct investment abroad:
At current cost
At market value
Foreign securities
Bonds...........
Corporate stocks
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns..
U.S. claims reported by U.S. banks, not included elsewhere...........................
Direct investment in the United States:
At current cost..................................................................................................
At market value............................................
U.S. Treasury securities....................................
U.S. securities other than U.S. Treasury securities
Corporate and other bonds.........................
Corporate stocks..........................................
U.S. currency....................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns.
U.S. liabilities reported by U.S. banks, not included elsewhere..........................
p Preliminary.
r Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation at current exchange
rates.
2. Includes changes in coverage, capital gains and losses of direct investment affiliates, and other statistical adjust
ments to the value of assets.
3. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold.
4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins;
also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in
international transactions financial flows.
475
2,632
574
908
1,478
4,096
25,577
107,922
126,427
11,927
114,500
13,301
10,548
-4,418
-23,528
35,206
34,627
-51,280
-62,708
10,000
18.570
18.570
6,179
9,878
-7,182
5. Also includes paid-in capital subscriptions to international financial institutions and resources provided to foreigners
under foreign assistance programs requiring repayment over several years. Excludes World War I debts that are not being
serviced.
6. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a third
country's currency, or by delivery of materials or transfer of services.
7. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or
through foreign official agencies.
Source: Table 1 in The International Investment Position of the United States at Yearend 2002” in the July 2003 issue of
the Survey o f C u rre n t Business.
August 2003
S urvey
of
D -59
C u r r e n t B u s in e s s
Table G.2. U.S. Direct Investment Abroad: Selected Items, by Country of Foreign Affiliate
and by Industry of Foreign Affiliate, 1999-2002
[Millions of dollars]
Direct investment position
on a historical-cost basis
All countries, all industries...............................................
Capital outflows (inflows (-))
1999
2000
2001
2002
1,215,960
1,316,247
1,383,225
1,520,965
Income
1999
2000
2001
2002
1999
2000
2001
2002
209,392
142,627
103,767
119,742
114,348
133,692
107,060
123,889
By country of foreign affiliate
Canada......................................................................................
119,590
132,472
141,789
152,522
22,824
16,899
15,510
12,893
13,529
16,181
11,881
11,098
Europe.......................................................................................
O f which:
France..............................................................................
Germany
Ireland...
Netherlands
Switzerland
United Kingdom
627,754
687,320
716,901
796,913
109,484
77,976
44,720
66,761
58,289
65,574
51,133
59,487
43,120
53,399
25,157
121,315
40,532
216,638
42,628
55,508
35,903
115,429
55,377
230,762
40,839
65,800
35,712
126,076
60,675
238,773
43,978
64,739
41,636
145,474
70,051
255,391
2,111
5,658
4,741
13,320
6,929
47,265
1,967
3,811
9,823
961
8,687
28,317
-118
11,046
196
12,828
4,029
15,720
2,132
-4654
4,870
18,325
7,673
18,871
1,781
5,086
4,167
13,646
6,686
13,629
2,370
4,736
5,773
13,402
5,027
19,099
1,722
3,879
4,375
12,096
4,974
9,665
1,884
2,991
4,652
14,401
7,861
11,250
Latin America and Other Western Hemisphere.......................
O f which:
Bermuda...........................................................................
Brazil.................................................................................
Mexico..............................................................................
United Kingdom Islands, Caribbean.................................
253,928
266,576
282,328
272,363
44,658
23,212
26,152
8,610
19,686
19,796
18,860
16,809
50,847
37,184
37,151
29,762
60,114
36,717
39,352
33,451
66,144
35,523
56,554
30,242
68,856
31,715
58,074
29,252
6,871
5,672
8,164
11,264
9,363
3,350
4,203
989
6,704
769
15,305
-20
4,238
181
3,627
-719
4,655
1,180
4,350
2,466
6,446
1,621
4,431
1,606
6,137
1,294
4,251
2,813
4,758
766
4,532
3,132
Africa.........................................................................................
13,118
11,891
13,411
15,066
596
716
1,120
861
1,803
2,010
1,537
1,938
Middle East...............................................................................
10,950
10,863
12,351
14,154
1,000
1,375
1,585
1,837
1,334
2,272
1,375
1,864
Asia and Pacific........................................................................
O f which:
Australia............................................................................
Hong Kong
Japan....
Singapore
190,621
207,125
216,445
269,947
30,831
22,449
14,680
28,779
19,707
27,861
22,274
32,694
35,386
22,759
55,120
20,665
34,838
27,447
57,091
24,133
32,574
32,089
58,233
26,749
36,337
35,764
65,676
61,361
4,868
4,447
10,602
3,863
890
4,922
4,295
3,688
-396
4,407
2,322
3,820
3,726
2,035
4,482
11,407
2,397
3,170
4,146
2,604
3,415
5,163
5,988
4,045
1,702
4,785
4,767
2,600
2,596
4,962
6,807
10,060
10,165
By industry of foreign affiliate
Mining........................................................................................
72,526
72,111
78,319
80,976
9,298
2,174
12,823
9,011
8,451
13,164
10,011
Utilities.......................................................................................
22,472
21,964
23,214
20,932
1,296
2,466
2,436
-3301
1,503
1,610
1,574
1,552
Manufacturing...........................................................................
O f which:
Food.................................................................................
Chemicals.........................................................................
Primary and fabricated metals.........................................
Machinery.........................................................................
Computers and electronic products..................................
Electrical equipment, appliances, and components........
Transportation equipment.................................................
327,282
343,899
365,924
392,553
39,672
43,002
29,899
29,510
35,637
42,230
32,234
31,279
23,268
81,727
21,569
21,501
46,783
8,212
43,322
23,497
75,807
21,644
22,229
59,909
10,005
49,887
24,681
93,779
22,699
21,292
65,559
10,118
44,210
28,240
99,371
24,359
22,025
69,208
10,166
48,378
1,111
9,007
2,068
2,785
9,631
1,136
4,482
2,014
3,812
1,233
2,659
17,303
2,100
7,814
2,274
8,270
1,251
-845
8,659
1,115
2,809
3,893
10,116
1,814
161
922
100
3,238
3,020
9,026
1,552
2,048
6,430
998
4,770
2,681
11,552
1,536
2,257
8,860
1,079
4,107
2,626
10,313
1,379
1,261
5,868
478
1,921
3,440
12,065
973
1,412
3,764
397
1,477
Wholesale trade.......................................................................
86,313
93,936
102,322
114,895
11,029
11,938
9,096
7,182
12,414
14,198
13,002
13,229
Information...............................................................................
50,062
52,345
50,492
53,841
14,180
16,531
3,519
1,533
752
-964
-3491
237
Depository institutions (banking)..............................................
40,879
40,152
52,681
52,935
903
-1274
9,715
-1185
968
2,191
2,662
2,270
Finance (except depository institutions) and insurance...........
198,749
217,086
225,556
244,480
27,833
21,659
5,807
25,775
13,097
15,210
8,430
14,005
Professional, scientific, and technical services........................
29,968
32,868
34,704
38,307
7,238
5,441
3,442
2,448
2,985
3,548
2,084
2,968
Other industries........................................................................
387,709
441,886
450,013
522,047
97,944
40,690
27,030
48,769
38,542
42,504
40,555
48,184
N ote. In this table, unlike in the international transactions accounts, income and capital outflows are shown without a
current-cost adjustment, and income is shown net of withholding taxes. In addition, unlike in the international investment
position, the direct investment position is valued at historical cost.
D-60
International Data
August 2003
Table G.3. Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 2000
All nonbank affiliates
Majority-owned nonbank foreign affiliates (MOFA’s)
Millions of dollars
Millions of dollars
All countries, all industries
Total
assets
Sales
5,260,182
2,891,497
Net
income
Thou
U.S.
U.S.
exports of imports of sands of
employees
poods
goods
shipped to shipped by
affiliates
affiliates
209,605
203,007
215,300
Total
assets
Sales
9,606.9 4,647,439 2,486,855
Net
income
Gross
product
191,115
605,888
U.S.
U.S.
exports of imports of
poods
poods
shipped to
MOFA’s SMOFA'sy
Thousands
of
employees
195,951
201,374
8,064.7
By country
428,185
366,701
18,897
61,511
82,226
1,145.4
376,574
328,026
16,712
72,398
59,508
77,827
1,038.7
Europe..................................................................................
O f which:
France .........................................................................
Germany..
Netherlands.
United Kingdom
3,046,124
1,438,611
113,288
51,783
38,244
4,095.8 2,840,082
1,302,959
105,202
333,375
50,816
36,594
3,687.9
186,053
300,512
361,574
1,315,404
137,511
236,095
145,337
413,467
3,307
9,806
17,345
29,948
(D)
8,590
7,611
(D)
3,391
4,488
(D)
10,848
586.3
657.8
197.0
1,266.6
163,929
258,561
343,897
1,272,450
124,751
200,192
126,261
397,179
3,445
8,347
15,735
29,590
35,754
54,819
23,371
110,643
5,005
8,535
7,572
13,340
3,124
4,467
1,770
10,842
544.0
605.2
169.0
1,185.7
Latin America and Other Western Hemisphere
@FedFRASER