Full text of Survey of Current Business : August 2008
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AUGUST 2008
BEA’s MONTHLY JOURNAL
S urvey o f C u r r en tB u sin e ss
In This Issue . . .
Annual NIPA Revision for 2005-2008:1
Operations of U.S. Affiliates of Foreign Companies in 2006
EBEA
B U R E A U O F E C O N O M IC A N A L Y S IS
U .S . D E P A R T M E N T O F C O M M E R C E
ECONOMICS AND STATISTICS ADMINISTRATION
U.S. D ep artm en t of C om m erce
Carlos M. Gutierrez, Secretary
E conom ics and S tatistics A d m in istratio n
Cynthia A. Glassman, Under Secretary for Economic Affairs
B ureau of E co n o m ic A n alysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director
Ana M. Aizcorbe, Chief Economist
Brian M. Callahan, Chief Information Officer
Dennis J. Fixler, Chief Statistician
Brent R. M oulton, Associate Director for National Economic Accounts
Brian C. Moyer, Associate Director for Industry Accounts
Joel D. Platt, Associate Director for Regional Economics
Obie G. W hichard, Associate Director for International Economics
B EA A d v is o ry C o m m ittee
The BEA Advisory C om m ittee advises the D irector o f BEA on m atters related to the developm ent and im provem ent of BEA’s national,
regional, industry, and international econom ic accounts, especially in areas o f new and rapidly growing econom ic activities arising from
innovative and advancing technologies, and it provides recom m endations from the perspective o f business econom ists, academicians,
researchers, and experts in governm ent and international affairs.
Dale W. Jorgenson, Chair, Harvard University
Alan J. Auerbach, University of California, Berkeley
Richard B. Berner, Morgan Stanley
Michael J. Boskin, Stanford University
Barry P. Bosworth, The Brookings Institution
Susan M. Collins, University of Michigan
Robert J. Gordon, Northwestern University
Maurine A. Haver, Haver Analytics, Inc.
Charles R. Hulten, University of Maryland
Therese J. McGuire, Northwestern University
William D. Nordhaus, Yale University
Joel L. Prakken, Chairman, Macroeconomic Advisers, LLC
Andrew D. Reamer, The Brookings Institution
James Kim, Editor-in-Chief
M. Gretchen Gibson, M anaging Editor
Kristina L. Maze, Production Manager
Wm. Ronnie Foster, Graphic Designer
Colby Johnson, Graphic Designer
Robert E. W ehausen, Production Editor
Danielle M . W ittenberg, Editor
Anastassia Bogosian-Scissors, Intern
Elizabeth M. Terroni, Intern
Joshua M. Thom as, Intern
T h e Survey of C urrent B usiness (ISSN 003 9 -6 2 2 2 ) is p u b
lished m onthly by the Bureau o f Econom ic Analysis o f the U.S.
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< customerservice@ bea.gov>.
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The Secretary o f Com m erce has determ ined that the publication of
this periodical is necessary in the transaction o f the public business
required by law o f the D epartm ent.
Survey of Current Business
A u g u st 2008
1
Volum e 88 • N u m b er 8
G D P and th e Econom y: A dvance E stim ates for th e S econ d Q u arter of 2008
Real GDP increased 1.9 percent after increasing 0.9 percent in the first quarter. Prices o f goods and
services purchased by U.S. residents rose 4.2 percent after rising 3.5 percent, reflecting accelerating
energy and food prices.
6
A nn ual R evision of th e N ational Incom e and P roduct A ccoun ts: A nnual
E stim ates for 2 0 0 5 -2 0 0 7 and Q u arterly E stim ates for the First Q u a rter of 2005 to
th e First Q u a rter of 2008
A nnual revisions update the accounts by incorporating new data and various m ethodological
im provem ents. From 2004 to 2007, real GDP grow th was revised to 2.6 percent from 2.7 percent.
This annual revision did n o t change the general picture o f the econom y over the past few years.
24
N ational Inco m e and Product A ccoun ts Tables
The revised annual, quarterly, and m onthly statistics from the annual NIPA revision, including
advance estim ates for the second q uarter o f 2008 and June 2008.
161
G D P and O ther M ajor NIPA S eries fo r 1 9 2 9 -th e S econ d Q u arter of 2008
H istorical statistics o f GDP and its com ponents in current dollars, chained dollars, and chain-type
q uantity and price indexes, including statistics on national incom e and personal incom e.
186
U.S. A ffiliates of Foreign C om panies: O peration s in 2006
G row th in current-dollar value added o f U.S. affiliates picked up in 2006, as existing affiliate
operations expanded. Em ploym ent by affiliates also picked up.
www.bea.gov
August 2008
/■
/
D -1
B EA C urren t and H istorical Data
iii
D ire cto r’s M essage
iv
Taking A cco u n t
B E A ’s W eb S ite and C on tacts (in sid e back cover)
S ch ed u le of U pcom ing N ew s R eleases (b ack cover)
Looking A head . . .
Fixed Assets and Consumer Durable Goods. U pdated statistics th at incorporate the
results o f the NIPA annual revision.
Metropolitan Area Personal Income. Advance estim ates for 2007, including per cap
ita personal incom e.
//■
/
A u gu st 2 0 0 8
Director’s Message_______________
Every August, the Survey of C urrent Business provides an article
discussing the annual revision o f the gross dom estic pro d u ct
(GDP) accounts, w hich is released in July. W ere pleased to p u b
lish this year’s article in a new, easier-to-read form at.
A nnual revisions allow for a wide range o f m ore com plete,
previously unavailable inform ation to be incorporated into the
accounts. Several m ethodological im provem ents were also
adopted this year, including new m ethods to value sales and in
ventory change o f new autos, the use o f new price indexes to de
flate airline services and m anufacturing structures, the use o f
scanner data to help estim ate spending on goods at grocery
stores, and a new m ethod o f estim ating quarterly depreciation.
This year’s annual revision resulted in a n um ber o f significant
revisions b u t didn’t m eaningfully change the overall picture o f
the economy. From 2004 to 2007, real GDP grow th was revised to
2.6 percent from 2.7 percent.
A rem inder: in 2009, we’ll be publishing a com prehensive revi
sion o f the GDP accounts, w hich will incorporate source data
from the every-5-year Econom ic Census. In 2010, we’ll begin
“flexible annual revisions,” a new approach th at will expand the
current 3-year period o f annual revisions, m aking it easier to roll
o u t m ajor im provem ents. Previously, m ajor im provem ents were
reserved for com prehensive revisions, w hich occurred every 5
years. M ore inform ation about the benefits o f this approach is
available in a BEA Briefing accessible at <www.bea.gov/scb/pdf/
2008/06% 20June/0608_flexible.pdf>.
Also in this issue, recent statistics detailing the dom estic o p er
ations o f U.S. affiliates o f foreign com panies are presented. The
value added o f m ajority-ow ned n o n bank U.S. affiliates o f foreign
com panies grew 12 percent in 2006— the fastest rate o f increase
since 2000.
August 2008
iv
Taking Account...
Metro Area Disposable Per
sonal Income, 2001-2004
W hile the Bureau o f Econom ic
Analysis (BEA) provides annual
statistics on disposable personal
incom e (DPI) for states, it does
n o t provide DPI statistics for
m etropolitan areas on a regular
basis because o f the absence o f
regular estim ates o f personal
taxes for m etropolitan areas.
(DPI is calculated as personal in
com e less personal current
taxes.)
Over the years, users o f BEA
regional data have voiced a need
for m etropolitan area DPI statis
tics. To th at end, the BEA re
gional program developed a
m ethodology to calculate DPI
for m etropolitan areas. In a re
cent w orking paper, BEA econo
m ist A nn E. D unbar used this
m ethodology to revise DPI sta
tistics for the 363 m etropolitan
statistical areas for 2001-2004.
The basic m ethodology is as
follows: because the basic units
o f m etro areas are counties,
county-level taxes by type o f tax
are estim ated, allocated to state
personal tax totals, and then
sum m ed to derive estim ates for
specific m etro areas. Federal in
dividual incom e taxes account
for the m ajority o f personal
taxes (76 percent). O ther p e r
sonal tax types include state and
local personal incom e taxes, m o
to r vehicle taxes paid by persons,
m o to r vehicle operator licenses,
and o ther m iscellaneous taxes.
Personal cu rrent taxes do n o t in
clude the real property taxes
paid on ow ner-occupied hom es.
According to the study, per
capita personal taxes in the
U nited States were $3,559 in
2004. (Per capita disposable p er
sonal incom e was $29,530.)
Per capita taxes in 2004
ranged from a high o f $13,104 in
Bridgeport, Stam ford, and N o r
walk, CT (Fairfield C ounty) to a
low o f $897 in McAllen, E din
burg, and M ission, TX (Hidalgo
C ounty).
BEA plans to update these
statistics as critical source data,
notably estim ates on taxes by zip
code, becom e available. Also,
BEA plans to explore techniques
to produce current estim ates o f
m etro area taxes. The lag on the
Internal Revenue Service data is
2 years.
The w orking paper is avail
able on the BEA Web site at
<www.bea.gov/papers/
w orking_papers.htm >.
BEA NIPA Handbook Now
Available on Web site
BEA has released a new h an d
book, Concepts and Methods o f
the U.S. National Income and
Product Accounts, on its Web
site. The initial release includes
the first four introductory chap
ters. Subsequent chapters will be
released in the near future.
The in tro d u cto ry chapters
describe the m ain concepts, def
initions, classifications, and ac
counting issues th at underlie the
national incom e and pro d u ct ac
counts (NIPAs). These chapters
also describe the general sources
and m ethods th at are used to
prepare the NIPA estimates.
Subsequent chapters will de
scribe the sources and m ethods
th at are used to prepare the ex
penditure and incom e com po
nents o f the accounts.
This han d b o o k is intended to
be a living docum ent th at will be
updated to reflect changes as
they are introduced into the
NIPAs. It is available on the BEA
Web site at <www.bea.gov/
national/pdf/
N IPA handbookch 1-4.pdf> .
The NIPA h andbook is one o f
several BEA m ethodological ref
erences th at explain key con
cepts and m ethods of BEA’s
national, regional, industry, and
international accounts.
These references can be ac
cessed at <www.bea.gov/
m ethodologies/index.htm X
Budget Impact on Regional
Statistical Programs
The recently passed C onsoli
dated A ppropriations Act did
n o t provide full funding for
BEA’s base program s for fiscal
year 2008. In order to align base
program s w ith the budget, BEA
will reduce various statistical
program s.
Some regional program s will
be affected. W hile BEA does n o t
foresee any im pact on its GDPby-state or state personal in
com e program s, other p ro
gram s will be affected, including
BEA’s local area personal in
com e,
G D P-by-m etropolitanarea, and RIMS econom ic m u lti
plier statistics.
For m ore inform ation, please
see <w w w .bea.gov/regional/pdf/
08_budget_im pact_w eb.pdf> .
For m ore about BEA p ro
gram s in general, please visit
<www.bea.gov/agency/avail
ability_and_quality_of_
d ata.h tm X
August 2008
1
GDP and the Economy
A d v a n c e E s tim a te s fo r th e S e c o n d Q u a r te r o f 2 0 0 8
E
C O N O M IC grow th accelerated in the second
qu arter o f 2008, according to the “advance” esti
m ates o f the national incom e and pro d u ct accounts
(NIPAs).1 Real gross dom estic product (GDP) in
creased 1.9 percent after increasing 0.9 percent in the
first q u arter (chart 1 and table l) .2
The acceleration prim arily reflected a larger de
crease in im ports, an acceleration in exports, a smaller
decrease in residential fixed investm ent, and an accel
eration in consum er spending. In contrast, inventory
investm ent decreased m ore than in the first quarter.3
• Prices o f goods and services purchased by U.S. resi
dents increased 4.2 percent in the second quarter
after increasing 3.5 percent in the first quarter (page
3). Energy and food prices accelerated in the second
quarter. Excluding food and energy, gross dom estic
purchases prices increased 2.2 percent in the second
quarter, the same as in the first quarter.
• Real disposable personal incom e (DPI) increased
11.3 percent in the second quarter, following a
decrease o f 0.1 percent in the first quarter. A sharp
acceleration in current-dollar DPI reflected a sharp
acceleration in personal incom e and a sharp dow n
tu rn in personal current taxes; b o th prim arily
reflected the rebates to individuals provided by the
Econom ic Stim ulus Act o f 2008.4
• The personal saving rate was 2.6 percent in the sec
o n d quarter; in the first quarter, it was 0.3 percent.
The NIPA estim ates for the second quarter o f 2008
and for 2005-2007 have been revised as p art o f the reg
ular annual NIPA revision. See “A nnual Revision o f the
N ational Incom e and Product Accounts” in this issue.
1. Each GDP estimate for a quarter (advance, prelim inary, and final)
incorporates increasingly comprehensive and im proved source data. M ore
inform ation can be found at <www.bea.gov/bea/about/infoqual.htm > and
<www.bea.gov/bea/faq/national/gdp_accuracy.htm > . Q uarterly estimates
are expressed at seasonally adjusted annual rates, which assumes that a rate
o f activity for a quarter is m aintained for a year.
2. “Real” estimates are in chained (2000) dollars, and price indexes are
chain-type measures.
3. In this article, “consum er spending” refers to the NIPA series “personal
consum ption expenditures,” “inventory investm ent” refers to “change in
private inventories,” and “governm ent spending” refers to “governm ent
consum ption expenditures and gross investment.”
4. See the FAQ “How Will the Rebates for Individuals in the 2008 Eco
nom ic Stimulus Act Be Recorded in the NIPAs?” at <www.bea.gov> by
clicking on “FAQs.”
Chart 1. GDP, Prices, Disposable Personal Income (DPI)
Real GDP: Percent change from the preceding quarter
S e a s o n a lly a d ju s te d
a n n u a l ra te s
4
3
1
1
0
1 1 _
-1
2004
2005
2006
2007
2008
C ontributions to the increase in real GDP in 2008:ll
C o n s u m e r sp e n d in g
■
N o n re s id e n tia l fixed in v e s tm e n t
R e s id e n tia l fixed in v e s tm e n t
E x p o rts
Im p o rts
jG o v e rn m e n t s p e n d in g
-2
-1
0
1
Percentage points at an annual rate
Prices: Percent change from the preceding quarter
2004
2005
2006
2007
2008
Real DPI: Percent change from the preceding quarter
12
10
l i t Ill- i l l I ,
I
2004
C hristopher Swann prepared this article.
■
I
2
2005
U.S. Bureau of Economic Analysis
2006
2007
2008
GDP and the Economy
2
A u gu st 2 0 0 8
Real G D P O verview
Table 1. Real Gross Domestic Product and Components
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
2008
Contribution to percent
change in real GDP
(percentage points)
Change from
preceding period
(percent)
2007
2008
I
I
II
I
IV
2007
I
I
I
0.9
1.9
II
I
2008
IV
I
I
I
4.8
-0.2
0.9
1.9
0.61
1.08
Gross dom estic prod uct1 .....
100.0
4.8
-0.2
Personal consumption
exp enditures..................................
71.2
2.0
1.0
0.9
1.5
1.44
0.67
Durable goods............................
Nondurable goods......................
Services.....................................
7.4
21.2
42.5
2.3
1.2
2.4
0.4
0.3
1.4
-4.3
-0.4
2.4
-3.0
4.0
1.1
0.19
0.25
1.00
0.03 -0.33 -0.23
0.05 -0.08 0.83
0.59 1.02 0.47
Gross private dom estic
investm ent......................................
13.9
Fixed investment........................
14.6
Nonresidential........................
Structures...........................
Equipment and software.....
Residential.............................
11.0
Change in private inventories.....
-0.7
Net exports of goods and
s e rv ic e s ........................................
3.5 -11.9
-0.9
-6.2
-5.8 -14.8
-5.6
2.4
8.7
3.4
3.8 20.5
8.5
8.6
7.2
3.6
1.0 -0.6
3.5 -20.6 -27.0 -25.1
13.4
9.3
4.1
Imports.......................................
Goods.....................................
Services.................................
15.6
2.9
18.6
-0.89
-2.28
0.69 -0.96 -0.02 -1.92'
2.03
-5.2
Exports.......................................
Goods.....................................
Services.................................
0.54 -1.93
-2.4 -0.15 -0.97 -0.86 -0.36
2.3 0.91 0.36 0.26 0.25
14.4 0.65 0.29 0.30 0.51
-3.4 0.26 0.07 -0.04 -0.25
-15.6 -1.06 -1.33 -1.12 -0.62
21.8
25.9
4.4
5.1
2.7
5.1
4.5
6.4
3.0
2.4
6.3
-2.3
-2.6
-0.9
-0.8
-2.0
5.5
23.0
9.2
11.9
3.5
0.94
0.77
0.53
0.43
0.10
0.63
0.39
0.24
1.16
1.02
0.14
0.40 0.14
0.38 0.29
0.02 -0.15
1.26
1.00
0.26
Growth in nonresidential fixed investment increased
about the same as in the first quarter. A larger decrease
in equipm ent and software was offset by an accelera
tion in structures.
Residential fixed investment decreased 15.6 percent
after decreasing 25.1 percent; it subtracted 0.62 per
centage point from real GDP growth after subtracting
1.12 percentage points.
Inventory investment decreased much more than in
the first quarter, subtracting 1.92 percentage points
from real GDP growth after subtracting 0.02 percent
age point.
2.42
2.54
1.66
0.88
Consumer spending in the second quarter picked up
and contributed 1.08 percentage points to real GDP
growth; the pickup was primarily due to an upturn in
spending for nondurable goods. Spending for durable
goods decreased less than in the first quarter, and
spending for services slowed.
-6.6 -6.51
-6.3 -0.34
-8.4 -0.17
Governm ent consumption
expenditures and gross
investm ent......................................
20.1
3.8
0.8
1.9
3.4
0.75
Federal.......................................
National defense....................
Nondefense............................
State and local...........................
7.4
5.1
2.3
12.7
7.2
10.2
1.2
1.9
-0.5
-0.9
0.4
1.6
5.8
7.3
2.9
-0.3
6.7
7.3
5.3
1.6
0.51 -0.04 0.41
0.48 -0.04 0.34
0.03 0.01 0.06
0.24 0.19 -0.03
0.16
0.67,
0.38
0.48
0.36
0.12
0.20
1. The estim ates of GDP under the contribution colum ns are also percent changes.
Percent changes are from NIPA table 1.1.1, contributions are from NIPA table 1.1.2, and shares
are from NIPA table 1.1.10.
N o te.
Exports accelerated, reflecting a sharp pickup in ex
ports of goods. An upturn in nonautom otive capital
goods was the largest contributor to the acceleration.
Exports of services slowed.
Imports decreased much more in the second quarter
than in the first quarter. The second-quarter decrease
was the largest decrease since the third quarter of 2001
and mainly reflected a sharp dow nturn in im ports of
petroleum and products. Im ports of services turned
down.
Government spending stepped up, primarily reflect
ing an upturn in state and local investment in struc
tures.
Table 2. Real Gross Domestic Product (GDP) by Type of Product
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
2008
I
I
Gross dom estic prod uct1 ...............
Final sales of domestic product
Change in private inventories....
Goods..........................................
Services.......................................
Structures.....................................
Contribution to percent
change in real GDP
(percentage points)
Change from
preceding period
(percent)
2007
II
I
2007
2008
IV
I
100.0 4.8 -0.2
0.9
100.7 4.0 0.8
0.9
-0.7
30.2
9.0
0.0
0.9
2.7
60.3 4.0
1.3
9.5 -2.9 -9.3 -10.1
I
I
1.9
3.9
II
I
4.8
4.07
0.69
2.3 2.71
2.0 2.35
-0.3 -0.30
2008
IV
I
I
I
-0.2
0.9
1.9
0.79 0.89 3.81
-0.96 -0.02 -1.92
0.01 0.29 0.71
0.79 1.62 1.21
-0.97 -1.03 -0.02
Addenda:
Motor vehicle output........................
GDP excluding motor vehicle output
Final sales of computers..................
GDP excluding final sales of
computers....................................
2.3 1/.3 - 2 b ./ -14.2 -3b.2 0.4/ -0.86 -0.41 -1 .0 /'
97.7 4.4 0.7
1.3
3.1 4.29 0.69 1.28 2.96
0.7 62.6 2 3 ./
8.2 19.3 0.28 0.14 0.0b 0.12
99.3
4.5 -0.3
0.8
1.8 4.48 -0.31
0.82
178
1. The estimates of GDP under the contribution columns are also percent changes.
Note. Percent changes are from NIPA table 1.2.1, contributions are from NIPA table 1.2.2, and shares
are calculated from NIPA table 1.2.5.
Real final sales of domestic product, real GDP less in
ventory investment, increased 3.9 percent after in
creasing 0.9 percent.
M otor vehicle output decreased 35.2 percent after de
creasing 14.2 percent.
Final sales of computers accelerated, increasing 19.3
percent after increasing 8.2 percent.
Su r v e y
August 2008
of
C u r r e n t B u s in e s s
3
Prices
Table 3. Prices for Gross Domestic Purchases
Prices paid by domestic purchasers accelerated in the
second quarter, increasing 4.2 percent after increasing
3.5 percent. Excluding food and energy, prices in
creased 2.2 percent in the second quarter, the same in
crease as in the first quarter. About 0.2 percentage
point of the first-quarter increase in the gross domes
tic purchases price index was accounted for by a pay
raise for federal civilian and military personnel, which
is treated as an increase in the price of employee ser
vices purchased by the federal government.
[Percent change at annual rates; based on seasonally adjusted index numbers (2000=100)]
Contribution to percent
change in gross
domestic purchases prices
(percentage points)
Change from
preceding period
(percent)
2007
Gross dom estic purchases1 ............
2007
2008
2.2
3.5
2.2
Personal consum ption e xp end itures.
2.5
1.66
Durable goods...................................
Nondurable goods.............................
Services............................................
-1.9
3.6
-0.1
2008
6.7
Fixed investment.....................................
Nonresidential.....................................
Structures........................................
Equipment and software..................
Residential...........................................
Change in private inventories..................
Governm ent consum ption expenditures
and gross in vestm en t................................
Federal....................................................
National defense..................................
Nondefense.........................................
State and local........................................
0.56
1.24
2.8
Gross private dom estic in vestm en t.........
4.0
3.5
2.88 2.43
-0.15 -0.11 -0.01
1.60
1.39
1.30
1.13
-0.04
-0.5
-0.2
Consumer prices accelerated, mainly reflecting a
pickup in prices paid for services. An acceleration in
prices paid for electricity and gas was the largest con
tributor to the acceleration in consumer prices.
0.20 -0.07
-0.6
0.6
-0.05
-0.06
0.5
2.7
-0.4
-0.08
0.18 -0.03
0.18 0.06
0.15 0.09
0.03 -0.03
0.01
0.01
0.00 -0.10
0.02 -0.03
3.4
0.62
0.94
1.15
0.9
0.06
0.07
0.15
0.14
-0.01
0.01
0.56
0.79
0.38
0.24
0.15
0.77
Prices paid by government accelerated, mainly reflect
ing an acceleration in prices paid by state and local
governments for spending for goods and services.
0.44
0.13
0.41
1.58
2.03
0.44
Consumer prices excluding food and energy, the
“core” rate of inflation, decelerated slightly. Consumer
prices for both food and energy accelerated.
0.02
-2.6
1.6
-0.5
4.9
Prices of private fixed investment turned up, primarily
reflecting an upturn in prices paid for nonresidential
investment in equipment and software.
Addenda:
Gross domestic purchases:
Food........................................................
Energy goods and services.....................
Excluding food and energy......................
Personal consumption expenditures (PCE):
Food........................................................
Energy goods and services.....................
Excluding food and energy......................
“Market-based” PCE...............................
Excluding food and energy..................
Gross domestic product..............................
4.3
35.1
2.4
4.7
24.2
3.7
32.2
2.5
4.9
19.0
2.3
4.4
3.7
2.2
2.8
2.1
2.6
2.2
6.5
34.
1.66
1.21
1.85
The “market-based” PCE price index accelerated.
The GDP price index, which includes export prices,
increased 1.1 percent, 3.1 percentage points less than
the increase in the price index for gross domestic pur
chases, which includes import prices and excludes ex
port prices. This divergence between the two measures
was the largest since 1947, and it primarily reflected
the much larger increase in import prices (28.6 per
cent) than the increase in export prices (10.3 percent).
1. The estimates under the contribution columns are also percent changes.
Note. Most percent changes are from NIPA table 1.6.7; percent changes for PCE for food and energy
goods and services and for PCE excluding food and energy are calculated from index numbers in NIPA
table 2.3.4. Contributions are from NIPA table 1.6.8.
Note on Prices
BEA’s gross domestic purchases price index is the most
comprehensive index of prices paid by U.S. residents for all
goods and services. It is derived from the prices of personal
consumption expenditures (PCE), private investment, and
government consumption and investment.
BEA also produces price indexes for all components of
GDP. The PCE price index is a measure of the total cost of
consumer goods and services, including durable goods,
nondurable goods, and services. PCE prices for food,
energy goods and services, and for all items except food
and energy are also estimated and reported. However,
because prices for food and energy can be volatile, the
price measure that excludes food and energy is often used
as a measure of underlying, or “core,” inflation.
BEA also prepares a supplemental PCE price index, the
“market-based” PCE price index, which is based on market
transactions for which there are corresponding price mea
sures. This index excludes many imputed expenditures,
such as services furnished without charge by financial
intermediaries, that are included in PCE and the PCE price
index. BEA also prepares a market-based measure that
excludes food and energy.
M o re
in fo r m a tio n
a v a ila b le
on
B E A ’s
on
th e s e
W eb
s ite
n a tio n a l/m a r k b s d P C E .h tm > .
C onsum er
P r ic e
In d e x
and
m a rk e t-b a s e d
at
See
th e
m e a s u re s
a ls o
“ C o m p a r in g
P e rs o n a l
th e
C o n s u m p tio n
E x p e n d itu r e s P r ic e I n d e x ” in th e N o v e m b e r 2 0 0 7 Su r v e y
C
urrent
B
u s in e s s .
is
< w w w .b e a .g o v /b e a /fa q /
of
4
GDP and the Economy
August 2008
Personal Incom e
Table 4. Personal Income and Its Disposition
[Billions of dollars; quarterly estim ates are seasonally adjusted at annual rates]
Level
Change from preceding period
2007
2008
II
Personal income.........................................................
Com pensation of employees, received ...........................
W age and salary disbursem ents..................................
Private industries..........................................................
Goods-producing industries..................................
M anufacturing ......................................................
Services-producing in du strie s.............................
Trade, transportation, and u tilitie s...................
O ther services-producing in du strie s..............
G overnm ent...................................................................
Supplem ents to wages and s a la rie s ...........................
Proprietors’ incom e with IVA and C C A dj.........................
Farm .....................................................................................
N o n fa rm ..............................................................................
Rental incom e of persons with C C A d j............................
Personal income receipts on a s s e ts ................................
Personal interest in co m e................................................
Personal dividend in co m e ..............................................
Personal current transfer rec eip ts.....................................
Less: Contributions for government social insurance
Less: Personal current taxes...................................................
Equals: Disposable personal incom e...................................
Less: Personal o u tla y s.............................................................
Equals: Personal s a v in g ..........................................................
Addenda: Special factors in personal income
In governm ent wages and salaries:
Federal pay raise...............................................................
Reservists’ p ay..................................................................
In supplem ents to wages and salaries:
Employer contributions for social insurance ..............
In personal current transfer receipts:
Social security retroactive paym ents...........................
Cost-of-living adjustm ents under federal transfer
p ro g ra m s........................................................................
Economic Stimulus Act of 2008 Tax Transfers................
In contributions for governm ent social insurance:
Increase in taxable wage b ase ......................................
Changes in premium for supplem entary medical
insurance........................................................................
In personal current taxes:
Federal tax law ch a n g e s................................................
Refunds, settlements, and o th e r..................................
Economic Stimulus Act of 2008 Tax Rebates.................
Dollar levels are from NIPA tables 2.1 and 2.2B.
IVA Inventory valuation adjustm ent
N o te.
2008
III
IV
6.592.2
5,469.3
1,222.6
754.8
4,246.7
1,057.9
3,188.8
1,122.9
1,502.1
1,077.3
41.0
1,036.2
54.3
2,043.0
1,199.4
843.6
1,923.4
152.9
79.2
67.0
54.5
3.6
-0.6
50.7
-1.2
52.0
12.7
12.2
13.6
5.1
8.5
-2.8
48.4
30.1
18.2
21.4
141.7
101.7
87,8
76.4
13.9
6.8
62.7
13.0
49.5
11.3
13.9
10.0
-0.3
10.3
-3.2
25.3
6.5
18.8
17.2
996.6
1,362.3
10,833.4
10,548.5
284.9
6.9
12.2
140.8
125.1
15.7
8.1
6.8
12,195.7
8,094.4
I
II
109.1
88.6
2 1 4 .5 '
64.8
9.3
18.9
122.7
127.2
-4.4
72.7
55.1
6.0
3.9
49.0
9.6
39.5
17.6
15.9
-2.1
-5.5
3.4
0.5
-2.1
-18.1
16.0
40.3
16.0
20.7
88.5
95.7
-7.3
54.0
40.8
-1.6
0.7
42.4
0.0
42.4
13.2
10.7
5.6
-0.6
6.1
15.2
-11.1
-25.2
14.1
145.3
5.3
-178.9
393.4
143.6
249.8
0.0
0.0
0.0
0.0
7.8
6.2
0.3
0.6
2.7
0.0
0.0
2.7
0.0
0.3
0.0
0.0
0.3
0.0
15.5
112.3
0.0
0.0
0.0
0.0
15.5
0.0
0.0
112.3
5.7
0.0
0.0
5.7
0.0
2.5
0.0
0.0
2.5
0.0
-4.1
6.7
-199.3
0.0
0.0
0.0
0.0
0.0
0.0
-4.1
6.7
0.0
0.0
0.0
-199.3
Wages and salaries increased $54.0 billion after in
creasing $72.7 billion. The deceleration reflected
changes in employment, hours, and earnings.
Rental income of persons increased $15.2 billion after
increasing $0.5 billion. The acceleration primarily re
flected a downturn in expenses, which are subtracted
in the calculation of rental income, that was associated
with a downturn in mortgage originations.
Personal current transfer receipts increased $145.3 bil
lion after increasing $40.3 billion. The acceleration re
flected the payments to individuals who pay no
income taxes or to individuals whose tax liabilities
were less than the amount of the payments provided
by the Economic Stimulus Act of 2008.
Personal current taxes decreased $178.9 billion after
increasing $20.7 billion. The sharp downturn prima
rily reflected the payments to individuals with tax lia
bilities that exceeded the amounts of the rebates; these
payments are treated as an offset to personal current
taxes.
Personal saving increased $249.8 billion after decreas
ing $7.3 billion. Disposable personal income acceler
ated much more than personal outlays.
CCAdj Capital consum ption adjustm ent
Saving
In the NIPAs, personal saving is defined as a current mea
sure: the difference between disposable personal income and
personal outlays. Personal saving was $284.9 billion in the
second quarter; in the first quarter, it was $35.1 billion. Sec
ond-quarter saving reflected the larger increase in dispos
able personal income relative to personal outlays. For other
approaches to measuring saving, see “Alternative Measures
of Personal Saving” in the February 2007 Survey of Current
Business.
Personal income, which is only measured in current
dollars, increased $214.5 billion in the second quarter
after increasing $109.1 billion in the first quarter. The
sharp acceleration primarily reflected accelerations in
personal current transfer receipts and in rental income
of persons. In contrast, wages and salaries decelerated.
Chart 2. Personal Saving Rate
S easonally adjusted annual rates
U . B o E n m A alysis
.S ureau f co o ic n
August 2008
Su r v e y
of
C u r r e n t B u s in e s s
5
S ource Data for the A dvance Estim ates
Table 5. Monthly Advance Estimates of Key NIPA Components Based on Partial Data, 2008:11
[Billions of dollars, seasonally adjusted at annual rates]
2008
Jan.
Private fixed investment:
Nonresidential structures:
Value of new nonresidential construction put in place.........................................................
Feb.
March
April
May
June1
389.7
391.6
398.0
404.3
405.3
404.8
52.2
37.3
39.0
41.6
46.2
42.6
233.8
43.3
214.9
43.9
212.3
44.0
204.1
44.1
197.2
44.2
190.7
44.2
62.5
20.7
22.7
-2 4.0
17.4
22.8
77.7
32.8
-4 .5
80.0
38.0
67.0
Net exports:2
Exports of goods:
U.S. exports of goods, international-transactions-accounts basis.....................................
Excluding gold........................................................................................................................
Imports of goods:
1256.2
1297.2
1270.7
1260.4
1320.7
1230.9
1296.1
1330.0
1310.8
1334.2
1238.3
U.S. imports of goods, international-transactions-accounts basis.....................................
Excluding gold........................................................................................................................
Net exports of goods.....................................................................................................................
Excluding gold............................................................................................................................
2098.0
2087.4
-841.8
-849.0
2167.0
2145.4
-869.8
-874.7
2081.2
2196.1
2177.3
-875.4
-881.2
2199.7
2059.8
-820.8
-828.9
2190.0
-8 69 .7
-8 79 .2
2245.3
2234.7
-911.1
-9 18 .2
State and local government structures:
Value of new construction put in place.......................................................................................
268.5
269.4
278.6
276.9
278.4
277.7
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............................................................................................................
1. Assumption.
2. Nonmonetary gold is included in balance-of-payments exports and im-
1316.5
ports, but it is not used directly in estimating exports and imports in the
national income and product accounts.
Summary of the Source Data for the Advance Estimates of GDP
The advance estimates of many components of GDP are
based on 3 months of source data, but the estimates of
some components are based on only 2 months of data. For
the following items, the number of months for which data
are 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’ ship
ments of machinery and equipment other than aircraft (3),
shipments of civilian aircraft (2), and exports and imports
of machinery and equipment (2);
Residential investment: Construction put in place (2), sin
gle-family housing starts (3), sales of new homes (3), and
sales of existing houses (3);
Change in private inventories: Trade and nondurablegoods manufacturing inventories (2), durable-goods man
ufacturing inventories (3), and unit auto and truck invento
ries (3);
Net exports of goods and services: Exports and imports of
goods and services (2);
Government consumption expenditures and gross invest-
ment: Federal outlays (3), state and local government con
struction put in place (2), and state and local government
employment (3);
Compensation: Employment, average hourly earnings, and
average weekly hours (3);
GDP prices: Consumer price indexes (3), producer price
indexes (3), and values and quantities of petroleum imports
(2 ).
U n a v a ila b le s o u r c e d a t a
When source data were unavailable, BEA made various
assumptions for June, including the following:
• Decreases in nonresidential structures, in aircraft ship
ments, and in single-family residential structures and no
change in multifamily residential structures,
• Increases in nondurable-goods manufacturing inventories
and in nonmotor vehicle merchant wholesale and retail
inventories, and
• A smaller increase in exports of goods excluding gold than
in imports of goods excluding gold.
Table 5 shows the assumptions for key series; a more com
prehensive list is available on BEA’s Web site at
<www.bea.gov/ national/index.htm#supp>.
6
August 2008
A n n u a l R e v is io n
o f th e
N a tio n a l In c o m e a n d
P ro d u c t A c c o u n ts
A n n u a l E s tim a te s fo r 2 0 0 5 -2 0 0 7
Q u a r te r ly E s t i m a t e s f o r 2 0 0 5 :1 -2 0 0 8 :1
B y
E u g e n e
P . S e s k in
a n d
S h e lly
S m it h
R
EVISED estim ates o f the national incom e and
p ro d u ct accounts (NIPAs) for 2005-2007 and for
the first qu arter o f 2008 have been released.1As is usual
in annual NIPA revisions, the Bureau o f Econom ic
Analysis (BEA) incorporated newly available source
data th at are m ore com plete, m ore detailed, and m ore
reliable th an previously incorporated data (see pages
12 and 19).
The estim ates also reflect m ethodological im prove
m ents, including new m ethods used to value sales and
inventory change o f new autos, incorporation o f new
price indexes for deflating airline services and m a n u
facturing structures, use o f scanner data to estim ate
the com position o f goods purchased at grocery stores,
and a new procedure to estim ate quarterly deprecia
tion at a m ore detailed level (see page 18).
This annual revision has n o t changed the general
picture o f the econom y for the past several years. The
revised estim ates o f the grow th in real gross dom estic
p ro d u ct (GDP) show a slightly slower rate o f increase
th an the previously published estimates. By historical
standards, the revisions to year-to-year grow th rates o f
real GDP are small. In the annual NIPA revisions since
1982, the revisions (w ithout regard to sign) to the a n
nual estim ates have averaged 0.3 percentage point. The
revised estim ates o f prices are little changed from p re
viously published estimates.
GDP growth highlights
• From 2004 to 2007, real GDP grew at an average
annual rate o f 2.6 percent, 0.1 percentage po in t less
th an in the previously published estim ates.2 From
the fo u rth quarter o f 2004 to the first quarter o f
2008, real GDP grew at an average annual rate o f 2.4
percent, 0.1 percentage point less th an in the previ
ously published estimates (table 1).
1. Inform ation about the NIPA m ethodologies is available at
<www.bea.gov> by clicking on “M ethodology Papers.”
2. The annual revisions to real GDP reflect revised current-dollar esti
mates, revised prices used for deflation, and revised quantities used to esti
m ate com ponents o f real GDP by extrapolation or direct valuation. For
estim ates prepared by extrapolation or direct valuation, the current-dollar
and chained-dollar estimates are based on independent source data; conse
quently, the corresponding revisions are unrelated. For a list of these com
ponents, see table 2 in “U pdated Sum m ary NIPA M ethodologies,” Survey of
C urrent Business 87 (November 2007): 21-25.
• From the fourth quarter o f 2004 to the first q uarter
o f 2008, the revised estim ates o f residential fixed
investm ent, state and local governm ent spending,
and personal consum ption expenditures (PCE)
for services were weaker than previously published
estimates; nonresidential structures, exports of
goods and services, PCE for durable goods, equip
m ent and software, and private inventory invest
m ent were stronger; and federal governm ent
spending and PCE for nondurable goods were little
revised.3 Im ports o f goods and services (subtracted
in the calculation o f GDP) were little revised.
• For 2005, 2006, and 2007, the percent change in real
GDP from the preceding year was revised down:
from 3.1 percent to 2.9 percent for 2005, from 2.9
3. In this article, “governm ent spending” is shorthand for “governm ent
consum ption expenditures and gross investm ent,” and “inventory invest
m ent” is shorthand for “change in private inventories.”
Table 1. Real GDP and Its Major Components
Change From 2004:IV to 2008:1
[Percent change at annual rates]
Previously
published
Gross dom estic p ro d u ct...........................................
Personal consum ption exp end itures ................................
Durable goods.........................................................................
Nondurable g oods..................................................................
S ervice s....................................................................................
Gross private dom estic investm ent..................................
Fixed investm ent....................................................................
N onresidential....................................................................
S tructures........................................................................
Equipm ent and softw are..............................................
Residential............................................................................
Change in private inventories..............................................
Net exports of goods and servic es ...................................
E xp orts......................................................................................
G oods....................................................................................
S e rv ic e s ...............................................................................
Im p o rts......................................................................................
G oods....................................................................................
S e rv ic e s ...............................................................................
G overnm ent consum ption expenditures and gross
investm ent..............................................................................
Federal......................................................................................
National d e fe n se ................................................................
N ondefense.........................................................................
State and lo c a l........................................................................
Addenda:
Final sales of dom estic p ro d u c t.........................................
G ross dom estic p u rch a se s..................................................
G ross national p ro d u ct..........................................................
G ross dom estic in c o m e ........................................................
Revised
Revision
in change
(percentage
points)
2.5
2.8
3.2
2.6
2.7
-1 .2
0.1
5.4
8.2
4.1
-1 0 .3
2.4
2.5
3.4
2.6
2.4
-1 .3
-0.1
5.7
8.7
4.2
-11 .6
-0.1
-0 .3
0.2
0.0
-0 .3
-0.1
-0 .2
0.3
0.5
0.1
-1 .3
8.0
8.6
6.6
2.9
2.9
3.3
8.4
8.5
8.1
2.9
2.8
3.4
0.4
-0.1
1.5
0.0
-0.1
0.1
1.9
2.4
3.0
1.2
1.7
1.7
2.4
2.9
1.3
1.3
-0 .2
0.0
-0.1
0.1
-0 .4
2.7
2.0
2.6
2.2
2.6
1.8
2.5
2.2
-0.1
-0 .2
-0.1
0.0
Su r v e y
A u gu st 2 0 0 8
of
C u r r e n t B u s in e s s
percent to 2.8 percent for 2006, and from 2.2 p e r
cent to 2.0 percent for 2007 (chart 1 and pages 8 and
9).
• From fo u rth quarter to fourth quarter, the percent
change in real GDP was revised dow n for all 3 years:
from 2.9 percent to 2.7 percent for 2005, from 2.6
percent to 2.4 percent for 2006, and from 2.5 p er
cent to 2.3 percent for 2007.
• The relatively small revisions to the annual esti
m ates o f real GDP grow th reflect partly offsetting
revisions to the quarters w ithin a year. For example,
for 2007, the annual rate o f grow th o f real GDP for
the second quarter was revised up 1.0 percentage
p oint, from 3.8 percent to 4.8 percent, while the
grow th rate for the fourth quarter was revised dow n
0.8 percentage point, from a small increase (0.6 p er
cent) to a small decrease (0.2 percent) (see page 10).
Price highlights
• The percent change from the preceding year in the
price index for gross dom estic purchases was u n re
vised at 3.7 percent for 2005, was revised up 0.1 p er
centage p o in t to 3.4 percent for 2006, and was
revised up 0.1 percentage p oint to 2.8 percent for
2007 (chart 1 and table 6 on page 11).
• From the fourth quarter o f 2004 to the first quarter
o f 2008, the average annual rate o f increase in the
price index for gross dom estic purchases was
revised up 0.1 percentage p o in t to 3.3 percent, and
C h a r t 1 . R e v is io n s to
D o m e s tic
the average annual rate o f increase in the GDP price
index was unrevised at 2.9 percent. The average
annual rates o f increase in the price indexes for PCE
and for the “core” PCE price index (which excludes
food and energy) were also unrevised at 2.9 percent
and 2.2 percent, respectively (table 2).
Income highlights
• From 2004-2007, real disposable personal incom e
grew at an average annual rate o f 2.6 percent, the
sam e as in the previously published estimates.
• For 2005-2007, national incom e was revised up for
all 3 years: $86.4 billion, or 0.8 percent, for 2005;
$140.1 billion, or 1.2 percent, for 2006; and $42.9
billion, or 0.4 percent, for 2007 (see table 8 on page
17).
• For 2005-2007, corporate profits was revised up for
all 3 years: $75.1 billion, or 5.5 percent, for 2005;
$114.8 billion, or 7.4 percent, for 2006; and $47.2
billion, or 3.0 percent, for 2007 (table 8).
This article discusses the im pact o f the revisions on
key NIPA measures, sum m arizes the revisions to the
m ajor aggregates, lists the m ajor source data in co rp o
rated, and describes the changes in m ethodology. Ap
pendix A presents the revised annual estim ates and the
revisions for the seven sum m ary accounts o f the NIPAs
in current dollars (see page 21). In addition, tables p re
senting revised m onthly, quarterly, and annual NIPA
estim ates and the “advance” estim ates for the second
q uarter o f 2008 are available on page 24.
A n n u a l P e r c e n t C h a n g e s in
R e al G D P
7
a n d
G ro s s
P u rc h a s e s
P r ic e
In d e x
Table 2. Chain-Type Price Index: Change From 2004:1V to 2008:1
[Percent change at annual rates]
Real gross domestic product: Revisions to percent changes
6
Previously
published
Revised
5
4
Gross dom estic product (G D P )............................................
Less: Exports of goods and s e rv ic e s ................................
Plus: Im ports of goods and se rvice s.................................
Gross dom estic p u rc h a s e s ..................................
Personal consum ption expenditures (P C E )...............
Durable goods......................................................................
Nondurable goods..............................................................
S ervices................................................................................
Gross private dom estic investm ent...............................
Fixed investm ent.................................................................
N onresidential.................................................................
S tructures....................................................................
Equipment and software..........................................
R esidential.......................................................................
Change in private inventories.........................................
Government consumption expenditures and gross
investm ent..........................................................................
Federal..................................................................................
National d efe nse ............................................................
Nondefense......................................................................
State and lo ca l....................................................................
Addenda:
GDP excluding food and energy.........................................
G ross dom estic purchases excluding food and e ne rg y.
PCE excluding food and e n e rg y .........................................
M arket-based P C E .................................................................
M arket-based PCE excluding food and e n e rg y..............
Final sales of dom estic p ro d u ct..........................................
Gross national p ro d u c t..........................................................
Euls:
qa
3
2
1
0
Gross domestic purchases price index: Revisions to percent changes
4
3
2
1
0
2002
2003
U . B o E n m A alysis
.S ureau f co o ic n
2004
2005
2006
2007
Revision
in change
(percentage
points)
2.9
4.1
5.7
3.2
2.9
-1 .3
3.7
3.3
2.2
2.2
2.0
7.2
0.1
2.6
2.9
4.2
5.9
3.3
2.9
-1 .3
3.8
3.4
2.6
2.7
2.2
7.8
0.1
3.4
0.0
0.1
0.2
0.1
0.0
0.0
0.1
0.1
0.4
0.5
0.2
0.6
0.0
0.8
5.1
4.0
4.1
3.6
5.8
5.0
4.1
4.4
3.6
5.6
-0.1
0.1
0.3
0.0
-0 .2
2.7
2.7
2.2
2.8
1.9
2.9
2.9
2.8
2.7
2.2
2.8
1.9
2.9
2.9
0.1
0.0
0.0
0.0
0.0
0.0
0.0
8
Annual NIPA Revision
August 2008
Annual Real GDP
Table 3. Revisions to Contributions to Percent Change in Real GDP
Real GDP growth was revised down for 2005, 2006,
and 2007. (See table 4 for detail about revisions to
GDP components for all 3 years).
[Percentage points at annual rates]
2005
2004
Gross dom estic product1.................................................
Personal consum ption e xp e n d itu re s..........................
Durable goods.................................................................
Nondurable goods..........................................................
Services..........................................................................
Gross private dom estic investm ent..............................
Fixed investment............................................................
Nonresidential............................................................
Structures................................................................
Equipment and software......................................
Residential..................................................................
Change in private inventories........................................
Net exports of goods and s e rv ic e s ..............................
Exports.............................................................................
Goods...........................................................................
Services......................................................................
Im ports.............................................................................
Goods..........................................................................
Services......................................................................
Government consum ption expenditures and gross
in ve stm e n t.....................................................................
Federa-'.............................................................................
National defense........................................................
Nondefense.................................................................
State and local................................................................
Previously
published
R evised
3.6
2.56
3.1
2.24
2.9
2.13
0.53
0.71
1.32
0.40
0.72
0.38
0.69
1.06
1.48
1.10
1.12
0.91
0.56
0.03
0.53
0.53
0.39
0.69
0.39
-0 .1 8
1.08
0.71
0.03
0.67
0.37
- 0 .1 3
-0.68
-0.23
-0.21
0.93
0.60
0.33
-1.6 1
-1 .3 3
-0 .2 7
0.70
0.53
0.17
- 0 .9 2
0.71
0.54
0.17
- 0 .9 3
-0 .8 9
-0 .0 4
0.27
0.14
0.11
0.29
0.27
0.03
-0.02
1.09
0.70
0.95
0.01
-0.86
- 0 .0 6
0.07
0.03
0.04
0.07
0.09
0.07
0.01
-0.01
Revision
-0.2 s
-0.11
-0.02
-0 .0 3
-0 .0 6
0.04
-0.01
0.01
0.02
-0.02
-0.02
0.05
For 2005, the largest contributors to the downward re
vision to real GDP growth were PCE for services and
state and local government spending; the contribu
tions of these components were partly offset by an up
ward revision to private inventory investment.
0.02
0.01
0.01
0.00
-0.01
-0 .0 3
0.02
-0.07
-0.02
0.00
-0.02
-0 .0 5
2006
2005
Gross dom estic p ro d u c t'...............................................
Personal consum ption e xp en d itu res.........................
Durable goods................................................................
Nondurable goods.........................................................
Services.........................................................................
Gross private dom estic investm ent............................
Fixed investment...........................................................
Nonresidentiai...........................................................
Structures..............................................................
Equipment and software.....................................
Residential.................................................................
Change in private inventories......................................
Net exports o f goods and s e rv ic e s ............................
Exports............................................................................
Goods.........................................................................
Services.....................................................................
Im ports............................................................................
Goods.........................................................................
Services.....................................................................
G overnment consum ption expenditures and gross
in vestm ent....................................................................
Federal............................................................................
National defense.......................................................
Nondefense................................................................
State and local..............................................................
Previously
published
R evised
2.9
2.13
2.9
2.15
2.8
2.13
-0 .1 ,
-0.02
0.38
0.69
1.06
0.31
0.74
0.36
0.74
0.05
1.11
0.45
1.02
0.35
-0 .0 9
0.39
0.32
0.77
0.23
0.54
-0 .4 5
0.03
- 0 .0 7
0.09
-0 .1 6
- 0 .0 3
-0.02
0.06
0.08
0.73
0.16
-0 .9 6
-0 .8 3
-0 .1 3
0.96
0.73
0.23
-0 .9 8
-0 .8 2
-0 .1 6
0.07
0.35
0.32
0.09
0.07
0.15
0.09
0.06
0.19
0.16
0.08
0.08
0.16
0.95
1.08
0.71
0.03
0.67
0.37
-0 .1 3
-0.21
0.71
0.54
0.17
-0 .9 3
-0 .8 9
-0 .0 4
0.01
-0.01
0.68
0.24
0.44
- 0 .2 9
0.06
-0.08
0.88
Revision
0.00
-0.10
-0.01
0.10
For 2006, the largest contributors to the downward re
vision to real GDP growth were residential fixed in
vestment and PCE for services; the contributions of
these components were partly offset by upward revi
sions to fixed investment in equipment and software,
to exports, and to PCE for durable goods.
0.00
0.07
-0.02
0.01
- 0 .0 3
-0.03
0.01
-0.01
0.02
- 0 .0 3
2007
2006
Gross dom estic product1...............................................
Personal consum ption e xp en d itu res.........................
Durable goods................................................................
Nondurable goods.........................................................
Services..........................................................................
Gross private dom estic investm ent............................
Fixed investment...........................................................
Nonresidential...........................................................
S trjctures...............................................................
Equipment and software.....................................
Residential.................................................................
Change in private inventories......................................
Net exports of goods and services
Exports............................................................................
Goods..........................................................................
S ervc e s.....................................................................
Im ports............................................................................
Goods..........................................................................
Services.....................................................................
G overnment consum ption expenditures and gross
in ve stm e n t....................................................................
Federal............................................................................
National defense.......................................................
Nondefense................................................................
State and local...............................................................
1. Percent change from the preceding period at annual rates.
Previously
published
Revised
2.8
2.13
2.2
2.02
2.0
1.95
0.36
0.74
0.36
0.48
1.18
0.38
0.50
1.07
-0.82
-0.90
-0 .4 8
0.49
0.40
-0 .5 0
0.52
0.40
0.13
1.02
0.35
Revision
-0 .2 ,
-0.07
0.02
0.02
-0.11
-0.08
-0.02
0.32
0.77
0.23
0.54
-0 .4 5
0.03
-0 .9 8
- 0 .3 3
-1.02
-0 .4 0
0.03
- 0 .0 4
-0 .0 7
-0.02
0.59
0.58
-0.01
0.96
0.73
0.23
-0 .9 8
-0 .8 2
- 0 .1 6
0.91
0.62
0.28
-0 .3 2
-0.22
0.95
0.59
0.36
-0 .3 7
-0 .2 5
-0 .0 9
-0.12
0.04
- 0 .0 3
0.08
- 0 .0 5
- 0 .0 3
- 0 .0 3
0.32
0.39
0.12
-0.01
0.40
0.11
0.12
0.00
0.27
0.28
0.16
0.08
0.08
0.16
0.10
0.13
0.03
0.00
0.01
-0.01
-0.01
0.01
0.01
For 2007, the largest contributors to the downward re
vision to real GDP growth were PCE for services, pri
vate inventory investment, and an upward revision to
imports; the contributions of these components were
partly offset by upward revisions to exports and to
fixed investment in equipment and software.
Su r v e y
August 2008
of
C u r r e n t B u s in e s s
9
Annual Real GDP
Table 4. Revisions to Percent Change in Real GDP
2005
2004
G ross dom estic p ro d u ct..........................................................................
Personal consum ption e xp en d itu res...............................................
Durable goods.....................................................................................
Nondurable goods...............................................................................
Services...............................................................................................
Gross private dom estic investm ent..................................................
Nonresidential.................................................................................
Structures....................................................................................
Residential......................................................................................
Change in private inventories............................................................
Exports..................................................................................................
Goods...............................................................................................
Services...........................................................................................
Services...........................................................................................
Government consum ption expenditures and gross investment
Federal..................................................................................................
National defense.............................................................................
Nondefense.....................................................................................
State and local....................................................................................
Previously
Revised Revision
published
For 2005, PCE for services accounted for most of the
downward revision to PCE; “other” services was re
vised down.
The upward revision to nonresidential
(mainly mining, exploration, shafts, and
partly offset by a downward revision to
and software (mainly computers and
equipment).
structures
wells) was
equipment
peripheral
3.6
3.6
6.3
3.5
3.2
9.7
7.3
5.8
1.3
7.4
10.0
3.1
3.2
4.9
3.6
2.7
5.6
6.9
7.1
0.5
9.6
6.6
2.9
3.0
4.6
3.4
2.6
5.8
6.8
7.2
1.3
9.3
6.3
-0.2
-0.2
-0.3
-0.2
-0.1 '
0.2
-0.1
0.1
0 .8 /
-0.3
-0 .3 -
9.7
9.0
11.5
11.3
11.3
11.5
1.4
4.2
5.8
1.1
-0.2
6.9
7.5
5.4
5.9
6.6
2.3
0.7
1.5
1.5
1.3
0.3
7.0
7.7
5.6
5.9
6.8
1.4
0.4
1.2
1.5
0.6
-0.1
0.1
0.2
0.2
0.0
0.2
-0.9
-0.3
-0.3
0.0
-0.7
-0.4
Nonfarm inventories accounted for the upward revi
sion to private inventory investment (see page 8).
Previously
Revised Revision
published
For 2006, PCE for services more than accounted for
the downward revision to PCE; the largest contribu
tors were “other” services and medical care services.
Single-family structures more than accounted for the
revision to residential investment.
The revision to state and local government spending
primarily reflected a downward revision to consump
tion expenditures.
2006
2005
Personal consum ption e xp en d itu res...............................................
Durable goods.....................................................................................
Nondurable goods...............................................................................
Services...............................................................................................
Gross private dom estic investm ent..................................................
Fixed investment.................................................................................
Nonresidential.................................................................................
Structures....................................................................................
Equipment and software...........................................................
Residential......................................................................................
Change in private inventories............................................................
Net exports of goods and s e rv ic e s ..................................................
Exports.................................................................................................
Goods...............................................................................................
Services...........................................................................................
Im ports.................................................................................................
Goods...............................................................................................
Services...........................................................................................
Governm ent consum ption expenditures and gross investment
Federal..................................................................................................
National defense.............................................................................
Nondefense.....................................................................................
State and local....................................................................................
2.9
3.0
4.6
3.4
2.6
5.8
6.8
7.2
1.3
9.3
6.3
2.9
3.1
3.8
3.6
2.7
2.7
2.4
6.6
8.4
5.9
-4.6
2.8
3.0
4.5
3.7
2.5
2.1
1.9
7.5
8.2
7.2
-7.1
-0.1
-0.1
0.7
0.1
-0.2
-0.6
-0.5
0.9
-0.2
1.3
-2.5
7.0
7.7
5.6
5.9
6.8
1.4
0.4
1.2
1.5
0.6
-0.1
8.4
9.9
4.8
5.9
6.0
5.2
1.8
2.2
1.9
2.8
1.6
9.1
9.9
7.2
6.0
6.0
6.0
1.7
2.3
1.6
3.6
1.3
0.7
0.0
24
0.1
0.0
0.8
-0.1
0.1
-0.3
0.8
-0 .3 '
The revision to nonresidential fixed investment was
more than accounted for by an upward revision to
equipment and software (mainly information process
ing equipment).
The revision to residential investment primarily re
flected downward revisions to “other” structures and
to single-family structures.
Exports of services was revised up.
The revision to state and local government spending
reflected a downward revision to gross investment.
2007
2006
Gross dom estic p ro d u ct..........................................................................
Personal consum ption exp en d itu res...............................................
Durable goods.....................................................................................
Nondurable goods...............................................................................
Services...............................................................................................
Gross private dom estic investm ent..................................................
Nonresidential.................................................................................
Equipment and software...........................................................
Residential......................................................................................
Change in private inventories............................................................
Exports.................................................................................................
Goods...............................................................................................
Services...........................................................................................
Imports..................................................................................................
Goods...............................................................................................
Services...........................................................................................
G overnment consum ption expenditures and gross investment
National defense.............................................................................
Nondefense.....................................................................................
Previously
Revised Revision
published
2.8
3.0
4.5
3.7
2.5
2.1
1.9
7.5
8.2
7.2
-7.1
2.2
2.9
4.7
2.4
2.8
-4.9
-2.9
4.7
12.9
1.3
-17.0
2.0
2.8
4.8
2.5
2.6
-5.4
-3.1
4.9
12.7
1.7
-17.9
-0.2
-0.1
0.1
0.1
-0 .2 '
-0.5
-0.2
0.2
-0.2
0.4
-0.9
9.1
9.9
7.2
6.0
6.0
6.0
1.7
2.3
1.6
3.6
1.3
8.1
7.9
8.5
1.9
1.6
3.5
2.0
1.7
2.8
-0.4
2.2
8.4
7.5
10.5
2.2
1.7
4.4
2.1
1.6
2.5
-0.2
2.3
0.3
-0.4
2.0
0.3
0.1
0.9
0.1
-0.1
-0.3
0.2
0.1
For 2007, PCE for services more than accounted for
the downward revision to PCE; the largest contributor
was housing services.
The upward revision to equipment and software
(mainly software) was offset slightly by a downward
revision to nonresidential structures (mainly mining,
exploration, shafts, and wells).
Nonfarm inventories accounted for the downward re
vision to private inventory investment (see page 8).
An upward revision to exports of services was partly
offset by a downward revision to exports of goods.
Imports of goods and services were revised up.
Annual NIPA Revision
10
August 2008
Quarterly Estimates
Table 5. GDP, Real GDP, the GDP Price Index, and the Gross Domestic Purchases Price Index
Revisions to Percent Change From the Preceding Quarter
[Percent change at annual rates; based on seasonally adjusted annual rates]
GDP
Previously
published
Real GDP
Revised
Revision
Previously
published
Revised
Gross domestic purchases
price index
GDP price index
Revision
2.5
Previously
published
Revised
Revision
3.2
Previously
published
Revised
Revision
3.6
2004: IV ........................................
5.9
2005:1
............................................
7.1
7.1
0.0
3.1
3.0
-0.1
3.9
4.0
0.1
3.6
3.7
0.1
II............................................
5.5
4.8
-0.7
2.8
2.6
-0.2
2.6
2.1
-0.5
3.5
3.1
-0.4
Ill..........................................
8.1
8.1
0.0
4.5
3.8
-0.7
3.5
4.1
0.6
4.6
5.2
0.6
IV .........................................
4.8
5.1
0.3
1.2
1.3
0.1
3.5
3.7
0.2
3.7
3.9
0.2
2006:1
............................................
8.4
8.6
0.2
4.8
4.8
0.0
3.4
3.5
0.1
2.7
2.9
0.2
II............................................
6.0
5.5
-0.5
2.4
2.7
0.3
3.5
2.7
-0.8
4.2
3.6
-0.6
0.4
Ill..........................................
3.4
3.6
0.2
1.1
0.8
-0.3
2.4
2.8
0.4
2.5
2.9
IV ..........................................
3.8
3.7
-0.1
2.1
1.5
-0.6
1.7
2.2
0.5
0.1
0.6
0.5
2 007:1
............................................
4.9
4.3
-0.6
0.6
0.1
-0.5
4.2
4.1
-0.1
3.8
3.6
-0.2
II............................................
6.6
6.9
0.3
3.8
4.8
1.0
2.6
2.0
-0.6
3.8
3.3
-0.5
Ill..........................................
6.0
6.3
0.3
4.9
4.8
-0.1
1.0
1.5
0.5
1.8
2.2
0.4
IV ..........................................
3.0
2.3
-0.7
0.6
-0.2
-0.8
2.4
2.8
0.4
3.7
4.0
0.3
2008:1
............................................
3.7
3.5
-0.2
1.0
0.9
-0.1
2.7
2.6
-0.1
3.6
3.5
-0.1
Quarterly Estimates
Revisions to quarterly (and monthly) NIPA estimates
reflect (1) revisions to annual estimates that in turn reflect
newly available annual data, (2) new and revised monthly
and quarterly source data (including updated seasonal
factors that are used to indicate quarterly patterns), and
(3) methodology improvements (see page 18).
For real GDP, the revisions to the 13 quarterly percent
changes (at annual rates) averaged 0.4 percentage point
(without regard to sign). (Since 1979, annual revisions to
quarterly estimates have averaged 0.7 percentage point.)
The quarterly real GDP growth rate was revised down
for 9 of the 13 quarters and revised up for 3 of the 13
quarters. It was unrevised for one quarter. The largest
downward revision to the percent change in real GDP was
0.8 percentage point (to -0.2 percent) for the fourth quar
ter of 2007. The largest contributors to that revision were
downward revisions to PCE (mainly services) and to
exports of services; the contributions of these components
were partly offset by an upward revision to private inven
tory investment. The largest upward revision was 1.0 per
centage point, to 4.8 percent, for the second quarter of
2007, reflecting upward revisions to PCE (durable and
nondurable goods), to net exports (mainly an upward
revision to services exports and a downward revision to
goods imports), and to private inventory investment;
these were partly offset by downward revisions to PCE for
services and to nonresidential structures.
In general, the percent changes for the gross domestic
purchases price index were similar to previously pub
lished estimates; the revisions to the 13 quarterly percent
changes (at annual rates) averaged 0.3 percentage point
(without regard to sign). The price index was revised up
for eight quarters and revised down for five quarters. The
largest upward revision was 0.6 percentage point, to 5.2
percent, for the third quarter of 2005; the largest contrib
utor to the revision was prices of PCE for nondurable
goods (mainly gasoline, fuel oil, and other energy goods).
The largest downward revision was 0.6 percentage point,
to 3.6 percent, for the second quarter of 2006; prices of
PCE for nondurable goods (mainly gasoline, fuel oil, and
other energy goods) more than accounted for the revi
sion.
Chart 2. Revisions to Quarterly Percent Changes in Real GDP and the Gross Domestic Purchases Price Index
Real GDP: Percent changes
Gross domestic purchases price index: Percent changes
6
6
5
5
4
4
3
3
2
2
1
1
0
0
-1
-1
2005
2006
2007
2008
2005
2006
2007
2008
August 2008
11
S u r v e y o f C u r r e n t B u siness
Price Indexes
Table 6. Revisions to Contributions to Percent Change in Gross Domestic Purchases Prices
[Percentage points at annual rates]
2005
2004
Previously
published
2007
2006
Revised
Revision
Previously
published
Revised
Revision
Previously
Revised
published
Revision
Gross domestic purchases1...........................................................
3.1
3.7
3.7
0.0
3.3
3.4
0.1
2.7
2.8
0.1
Personal consumption expenditures...............................................
Durable goods....................................................................................
Nondurable goods..............................................................................
Services.............................................................................................
1.78
-0.15
0.64
1.29
1.97
-0.06
0.70
1.33
1.96
-0.06
0.71
1.32
-0.01
0.00
0.01
-0.01
1.83
-0.10
0.59
1.35
1.84
-0.11
0.58
1.36
0.01
-0.01
-0.01
0.01
1.70
-0.14
0.58
1.26
1.73
-0.14
0.58
1.29
0.03
0.00
0.00
0.03
Gross private domestic investment.................................................
Fixed investment................................................................................
Nonresidential.................................................................................
Structures....................................................................................
Equipment and software............................................................
Residential......................................................................................
Change in private inventories............................................................
0.51
0.50
0.12
0.15
-0.02
0.38
0.01
0.65
0.65
0.27
0.28
-0.01
0.37
0.00
0.68
0.68
0.28
0.28
-0.01
0.40
0.01
0.03
0.03
0.01
0.00
0.00
0.03
0.01
0.56
0.55
0.30
0.31
0.00
0.25
0.01
0.67
0.66
0.33
0.32
0.00
0.33
0.01
0.11
0.11
0.03
0.01
0.00
0.08
0.00
0.18
0.17
0.12
0.10
0.03
0.05
0.01
0.22
0.21
0.14
0.12
0.02
0.07
0.01
0.04
0.04
0.02
0.02
-0.01
0.02
0.00
Government consumption expenditures and gross investment
Federal...............................................................................................
National defense............................................................................
Nondefense....................................................................................
State and local...................................................................................
0.80
0.31
0.20
0.11
0.49
1.04
0.32
0.23
0.09
0.71
1.04
0.32
0.23
0.09
0.72
0.00
0.00
0.00
0.00
0.01
0.87
0.26
0.18
0.08
0.61
0.85
0.27
0.20
0.08
0.57
-0.02
0.01
0.02
0.00
-0.04
0.81
0.19
0.13
0.06
0.62
0.81
0.23
0.16
0.07
0.58
0.00
0.04
0.03
0.01
-0.04
Addendum:
Gross domestic product price index1....................................................
2.9
3.2
3.3
0.1
3.2
3.2
0.0
2.7
2.7
0.0
1. Percent change from the preceding period at annual rates.
Annual Price Estimates
Revisions to the chain-type price indexes reflect the incor
poration of newly available and revised source data and the
regularly scheduled incorporation of annual weights for the
most recent year (2007). In this annual revision, the source
data for price indexes used for deflation and the source data
that affect implicit prices were revised.1The prices used for
deflation also reflect updated seasonal factors. Also, new
BLS producer price indexes were used to deflate consumer
purchases of domestic airline services and international air
line services, and a newly available BLS price index for new
industrial building construction was incorporated (see
“Methodology Changes” on page 18).
The change from the preceding year in the price index for
gross domestic purchases was unrevised at 3.7 percent for
2005, was revised up 0.1 percentage point to 3.4 percent for
2006, and was revised up 0.1 percentage point to 2.8 per
cent for 2007 (chart 1 and table 6). The annual percent
change in the GDP price index was revised up 0.1 percent
age point to 3.3 percent for 2005, was unrevised at 3.2 per
cent for 2006, and was unrevised at 2.7 percent for 2007.
For 2005, the price index for gross domestic purchases
was unrevised. Small revisions among the components of
the price index were offsetting.
For 2006, the revision to the price index for gross domes
tic purchases primarily reflects an upward revision to the
price index for residential fixed investment that was partly
1. The implicit prices are com puted by dividing the current-dollar esti
mates by the chained-dollar estimates that are derived from the quantity
data used in quantity extrapolation and direct valuation. Thus, differences
between the current-dollar revisions and the chained-dollar revisions to
these com ponents are reflected as revisions to their im plicit prices.
offset by a downward revision to the price index for state
and local government spending. The revision to the price
index for residential fixed investment reflects an upward
revision to the Census Bureau’s price index for single-fam
ily structures. The revision to the price index for state and
local government spending reflects a downward revision to
the implicit price for compensation—specifically, a down
ward revision to current-dollar compensation.
For 2007, the revision to the gross domestic purchases
index primarily reflects upward revisions to the price
indexes for PCE for services and for federal national defense
spending that were partly offset by a downward revision to
the price index for state and local government spending.
The largest contributor to the upward revision to the price
index for PCE for services was the price of transportation
services, primarily reflecting a revision to the price associ
ated with motor vehicle insurance. The revision to the price
index, which is implicitly derived, reflects a larger down
ward revision to the annual estimates of current-dollar ben
efits than to the annual estimates of current-dollar
premiums. By convention, the estimates for chained-dollar
premiums and for chained-dollar benefits grow at the same
rate. The revision to the price index for national defense
spending primarily reflects an upward revision to the
implicit price for military compensation. Current-dollar
compensation was revised up because of upward revisions
to wages and salaries and to supplements to wages and sala
ries, while chained-dollar estimates, which are based on
employment, were essentially unrevised. The revision to the
price index for state and local government spending was
also attributable to a downward revision to the implicit
price for compensation.
Annual NIPA Revision
August 2008
Current-Dollar NIPA Measures
rhi; table shows NIPA components with revisions of $5.0
billi >n or m ore (in absolute value) for 2005-2007. The
table also notes the major source data that were incorporated as part of the 2008 annual revision.
Table 7. NIPA R e v is io n s: S ele cte d C o m p o n e n ts D etail and M a jo r S o u rc e D ata— C ontinues
Billions of dollars
NIPA Component
Line
Revised
2007
level
Revision in level
2005
2006
Major source data incorporated1
2007
1 Gross domestic product.................................................................
-12.0
-16.3
-33.8 13,807.5
2 Personal consumption expenditures.............................................
3 Goods...........................................................................................
-13.7
-5.1
-17.3
0.4
-24.0
4.4
Of which:
9,710.2
3,915.8
227.0 Revised Census Bureau Annual Retail Trade Survey (ARTS) sales data for
2005; new ARTS data for 2006; revised Census Bureau monthly sales data
for 2007.
1,329.1
4
Other durable goods...............................................................
-0.4
4.0
6.0
5
Food......................................................................................
-2.6
-1.9
-7.3
6
Food purchased for off-premise consumption..................
-1.5
0.1
-2.4
809.8 New retail scanner data from trade sources on grocery store sales of food
and beverage items for 2005-2007.
7
Purchased meals and beverages.....................................
-1.0
-2.1
-5.7
8
Services........................................................................................
-8.6
-17.7
-28.4
504.0 Revised Census Bureau ARTS sales data for 2005; new ARTS data for
2006; revised Census Bureau monthly sales data for 2007.
5,794.4
9
Housing.................................................................................
0.0
7.4
-5.0
10
Owner-occupied nonfarm dwellings—space rent............
-1.2
5.7
-12.5
11
Household operation..............................................................
-1.3
0.8
-5.4
12
Electricity.......................................................................
0.0
-0.2
-5.5
13
Medical care..........................................................................
-1.3
-11.9
-8.2
14
Physicians......................................................................
-0.6
^ .0
-6.4
15
Other services.......................................................................
-5.0
-13.7
-9.5
1,366.3
16
Personal care..................................................................
0.7
-3.1
-6.1
124.4
Of which:
Of which:
Of which:
Of which:
Of which:
Of w
hich:
Of which:
1,460.9
1,063.3 Revised Bureau of Economic Analysis (BEA) constant-dollar stock data for
2005 and 2006; new Census Bureau Current Population Survey/Housing
Vacancy Survey unit-stock data for 2007.
525.7
153.8 New Energy Information Administration (EIA) annual survey data on
residential electricity consumption for 2007.
1,681.1
387.5 Revised Census Bureau Service Annual Survey (SAS) data for 2005 and
2006; new SAS data for 2007.
17
Barbershops, beauty parlors, and health clubs
0.2
-0.9
-2.3
52.0 Revised Census Bureau SAS data for 2005 and 2006; new SAS data for
2007.
18
Other personal care services...................................
0.6
-2.3
-4.0
19
Personal business...........................................................
-5.5
-11.0
-3.3
55.2 Revised Census Bureau SAS data for 2005 and 2006; new SAS data for
2007.
741.0
20
Brokerage charges and investment counseling
-1.0
-1.9
-4.1
114.5 For investment counseling services, revised Census Bureau SAS data for
2005 and 2006; new SAS data for 2007.
21
Services furnished without payment by financial
intermediaries except life insurance carriers
-2.3
-3.3
3.1
227.6 Revised Internal Revenue Service (IRS) tabulations on corporate tax return
data for 2005; new IRS tabulations for regulated investment companies for
2006; revised Federal Reserve Board (FRB) flow of funds accounts sector
data for 2005 and 2006; new FRB data for 2007; new trade source data for
2007; new Federal Deposit Insurance Corporation data, Credit Union
National Association data, Office of Thrift Supervision data and trade
source data for savings institutions and credit unions for 2007.
Expense of handling life insurance and pension plans
-2.1
-4.2
-2.0
117.7 Revised Census Bureau annual survey of government finances data on
state and local governments pension plan fund administrative expenses for
2005 and 2006; new trade source data on life insurance expenses for 2005
and 2006; projected state and local government pension plan fund
administrative expenses data for 2007 based on companies’ annual
financial reports; new Bureau of Labor Statistics (BLS) Quarterly Census
of Employment and Wages data on total annual wages for direct life
insurance carriers for 2007.
23 Gross private domestic investment...............................................
24
Fixed investment...........................................................................
25
Nonresidential...........................................................................
26
Structures..............................................................................
8.9
2.5
1.0
3.0
11.2
8.6
16.4
5.3
5.0
11.6
22.0
8.2
27
Manufacturing.................................................................
0.0
0.6
3.6
33.0 Revised Census Bureau construction spending (value put in place) data for
2006 and 2007.
28
Power.............................................................................
0.0
0.6
3.1
39.8 Revised Census Bureau construction spending (value put in place) data for
2006 and 2007.
29
Other structures..............................................................
0.1
2.4
3.2
92.6 Revised Census Bureau construction spending (value put in place) data for
2006 and 2007.
Of which:
22
Of which:
footnotes and abbreviations at the end of the table 7.
2,130.4
2,134.0
1,503.8
480.3
Su r v e y
August 2008
of
C u r r e n t B u s in e s s
13
Current-Dollar NIPA Measures
Table 7. NIPA R e v is io n s: S ele cte d C o m p o n e n ts D etail a nd M a jo r S o u rc e D ata— Continues
Billions of dollars
Line
NIPA Com ponent
Revised
2007
level
Revision in level
2005
2006
M ajor source data incorporated1
2007
30
Equipment and so ftw are ......................................................................
-2 .0
11.1
13.8
1,023.5
31
Information processing equipm ent and s o ftw a re ................
-6 .0
1.4
6.0
517.7
32
Com puters and peripheral e q u ip m en t...........................
-7 .3
-2 .5
-3 .6
93.7 Revised Census Bureau Annual Survey of M anufactures (ASM) product
shipm ents data for 2005; new ASM data for 2006; revised Census Bureau
m onthly industry shipm ents data for 2007; revised FRB industrial
production index for 2007.
33
S o ftw a re ................................................................................
1.3
2.4
9.6
227.3 Revised Census Bureau Service Annual Survey (SAS) detailed product
receipts data for 2005 and 2006; new SAS data for 2007; new BLS
em ploym ent data for 2007.
34
Industrial equipm ent....................................................................
1.0
4.5
5.5
35
Transportation equipm ent...........................................................
4.9
5.1
3.2
180.6 Revised C ensus Bureau Annual Survey of Manufactures (ASM) product
shipm ents data for 2005; new ASM data for 2006; revised Census Bureau
monthly industry shipm ents data for 2007.
157.2
36
A irc ra ft....................................................................................
3.9
4.5
4.1
37
Residential...................................................................................................
1.4
-7 .8
-1 0 .5
22.3 New BEA valuation of aircraft based on reconciliation of shipm ents and
exports.
630.2
38
S truc tu res...........................................................................................
1.4
-7 .8
-1 0 .3
620.7
39
Other s tru c tu re s .......................................................................
1.4
-7 .5
-1 1 .9
267.3
40
Im provem ents..................................................................
0.0
-9 .0
-1 3 .0
41
Change in private inventories......................................................................
6.4
2.6
-6 .5
174.9 Revised Census Bureau construction spending (value put in place) data for
2006 and 2007.
-3 .6
42
43
N onfarm ...................................................................................................
Change in book va lu e ......................................................................
5.6
7.9
5.5
10.2
-4 .7
2.4
44
M anufacturing............................................................................
2.9
7.7
0.2
18.3 Revised Census Bureau Annual Survey of M anufactures (ASM) inventory
book value data for 2005; new ASM data for 2006; revised Census Bureau
m onthly inventory data for 2007.
45
Retail tra d e ................................................................................
-2 .5
5.4
-1 .5
1.0 Revised Census Bureau Annual Retail Trade Survey (ARTS) inventory
book value data for 2005; new ARTS data for 2006; revised BEA estim ates
based on m otor vehicle inventory data from trade sources and revised
Census Bureau m onthly inventory data for 2007.
46
Inventory valuation adjustm ent (IV A )..........................................
-2 .3
-4 .7
-7.1
47 Net exports of goods and s erv ic e s ...........................................................
48
E xp orts..............................................................................................................
49
G oo d s...........................................................................................................
50
S e rv ic e s .......................................................................................................
Im p o rts..............................................................................................................
51
52
G oo d s...........................................................................................................
53
S e rv ic e s .......................................................................................................
1.0
2.1
1.4
0.7
1.2
3.3
-2 .2
4.7
13.2
1.6
11.6
8.5
2.3
6.2
0.2
19.4
-3 .7
23.1
19.2
5.8
13.5
54 Governm ent consum ption expenditures and gross investm ent. ..
55
F e d era l..............................................................................................................
56
National defense........................................................................................
57
N ondefense.................................................................................................
58
State and lo c a l................................................................................................
59
Consum ption expenditures......................................................................
-8.1
-2 .9
-0 .6
-2 .4
-5 .2
-6 .0
-1 4 .9
-0 .3
-0 .2
-0 .2
-14 .6
-6 .9
-1 5 .0
3.3
2.1
1.2
-1 8 .3
-1 0 .0
2,674.8
979.3
662.2
317.1
1,695.5
1,355.9
60
Com pensation of general governm ent em ployees...................
-0 .3
-5 .7
-8 .5
963.1
New D epartm ent of Health and Human S ervices (DHHS) Medical
Expenditure Panel Survey data for 2006.
61
S ervice s..............................................................................................
-3 .5
-3 .8
-5 .5
367.9
Revised C ensus Bureau governm ent finances FY 2005 tabulations for
2005; new governm ent finances FY 2006 tabulations for 2005 and 2006.
62
Less: Sales to other s e c to rs ..........................................................
-0.1
-4 .4
-6 .8
63
Gross investm ent.......................................................................................
0.8
-7 .7
-8 .3
333.0 Revised Census Bureau governm ent finances FY 2005 tabulations for
2005; new governm ent finances FY 2006 tabulations for 2005 and 2006.
339.6
64
S truc tu res...........................................................................................
-0 .8
-1 0 .3
-10.1
65 Gross dom estic product................................................................................
-1 2 .0
-1 6 .3
Less: Statistical d iscrepancy2.........................................................................
-7 6 .6
-1 4 4 .9
67 E qu a ls: Gross dom estic in c o m e ................................................................
64.4
128.6
Of which:
Of which:
Of which:
Of which:
Of which:
Of which:
Of which:
Of which:
Of which:
66
Of w
hich:
Sec the footnotes and abbreviations at the end of the table 7.
-5 .2
54.4
-5 9 .6
Revised C ensus Bureau Annual W holesale Trade Survey (AWTS), ARTS,
and ASM inform ation on accounting m ethods used for inventory reporting
for 2005; new AWTS, ARTS, and ASM inform ation for 2006. Revised BEA
unit labor cost indexes for 2005-2007.
-7 0 7 .8 Revised BEA international transactions accounts estim ates for 2005-2007.
1,662.4
1,149.2
513.2
2,370.2
1,985.2
385.1
281.0 Revised C ensus Bureau governm ent finances FY 2005 tabulations for
2005; new governm ent finances FY 2006 tabulations for 2005 and 2006;
revised C ensus Bureau construction spending (value put in place) data for
2006 and 2007.
-3 3 .8 13,807.5
-1 0 3 .8
-8 1 .4
70.1 13,889.0
14
Annual NIPA Revision
August 2008
Current-Dollar NIPA Measures
Table 7. NIPA R e v is io n s : S ele cte d C o m p o n e n ts D etail and M a jo r S o u rce D ata— C ontinues
Billions of dollars
Line
NIPA Com ponent
2005
68 Com pensation of employees, paid.................................................................
W age and salary a ccruals............................................................................
69
70
D isbursem ents...........................................................................................
71
W age accruals less disbursem ents......................................................
72
Revised
2007
level
Revision in level
2006
Major source data incorporated1
2007
1.2
3.8
3.8
0.0
-1 4 .4
2.9
9.2
-6 .2
-6 8 .8
-3 2 .9
-4 .2
-2 8 .8
7,819.4
6,362.8
6,369.0 See entries under “National income.”
-6 .3 State governm ents data and trade source data on bonus paym ents for
2006 and 2007.
Supplem ents to wages and s a la rie s.........................................................
-2 .7
-1 7 .3
-3 5 .9
1,456.6 See entries under “National income.’’
73 Taxes on production and im p orts...................................................................
6.6
8.9
7.0
1,015.5 See entries under “National income.”
Less: S u b s id ie s ..................................................................................................
0.8
0.0
5.2
52.3 See entries under “National income.”
75 Net operating s u rp lu s ........................................................................................
76 Consum ption of fixed capital............................................................................
54.9
2.5
125.3
8.7
103.3
33.9
3,386.0 See entries under “National income.”
1,720.5
2.7
8.5
32.4
1,431.1
74
Of which:
77
P rivate...........................................................................................................
78
Domestic business............................................................................
1.9
4.1
27.9
1,147.0 Revised BEA fixed investment and price estim ates for 2005-2007.
79
Capital consum ption allowances...............................................
37.8
60.9
83.4
1,055.5 Revised IRS tabulations of corporate tax return data for 2005; new IRS
tabulations of corporate and of sole proprietorship and partnership tax
return data for 2006; revised BEA fixed investment estimates for
2005-2007.
80
Less: Capital consum ption adjustm ent (C C A d j)...................
35.9
56.7
55.5
Plus: Income receipts from the rest of the w orld........................................
Less: Income payments to the rest of the w o rld ........................................
29.4
34.0
44.2
861.7 Revised BEA international transactions accounts estim ates for 2005-2007.
4.9
13.7
37.5
759.3 Revised BEA international transactions accounts estim ates for 2005-2007.
83 E q u a ls : Gross national in co m e..................................................................
88.9
148.9
Less: Consum ption of fixed c a p ita l................................................................
2.5
8.7
85 E q u a ls : National in co m e...............................................................................
86.4
140.1
86 Com pensation of em ployees.......................................................................
87
W age and salary accruals............................................................................
88
G ov ern m en t................................................................................................
1.2
3.8
-0 .2
-1 4 .5
2.8
2.4
-6 8 .8
-32 .9
7.4
7,812.3
6,355.7
1,075.2 New BLS Q uarterly Census of Em ployment and W ages (QCEW) data for
2007.
81
82
84
Of which:
-9 1 .5
CCAdj is calculated as capital consum ption allowances less consumption
of fixed capital.
76.8 13,991.4
33.9
1,720.5
42.9 12,270.9
89
O th e r.............................................................................................................
4.0
0.4
-4 0 .3
5,280.5
90
91
Supplem ents to wages and s a la rie s.........................................................
Employer contributions for employee pension and insurance
funds.........................................................................................................
-2 .7
-17 .3
-35 .9
1,456.6
-1 .7
-13 .9
-24 .9
Employer contributions for governm ent social insurance...............
-1 .0
-3 .3
-11.1
93 Proprietors’ incom e with IVA and C C A dj.................................................
94
Farm ...................................................................................................................
-10.1
3.3
8.0
-3 .2
13.6
7.8
1,056.2
44.0
92
Of which:
Revised BLS QCEW data for 2005-2007; state governm ents data and
trade
bonus paym ents
2006 and 2007.
sourcedata on
for
991.9 New D epartm ent of Labor pension data for 2005; revised Pension Benefit
G uaranty Corporation (PBGC) data for 2005; new PBGC data for 2006;
new corporate financial data for 2007; new DHHS Medical Expenditure
Panel Survey data for 2006.
464.7 See entries under “Personal income.”
95
P roprietors’ income with IVA...............................................................
3.4
-3.1
8.8
51.5
96
N o nfa rm ............................................................................................................
-1 3 .4
11.2
5.8
1,012.2
97
Proprietors’ in c o m e ..............................................................................
-1 3 .9
3.7
-8 .3
893.5 New IRS tabulations of sole proprietorship and partnership tax return data
for 2006.
98
C C A d j.......................................................................................................
0.3
7.3
14.6
125.5 Capital consum ption allowances: New IRS tabulations of sole pro
prietorship and partnership tax return data for 2006. Consum ption of fixed
capital: Revised BEA fixed investm ent and price estim ates for 2005-2007.
99 Rental incom e of persons with C C A dj.....................................................
-2 .0
-1 0 .2
-2 5 .4
40.0
-1 .9
-9 .7
-2 4 .7
56.8
Of which:
Of which:
100
Rental income of p e rso n s.......................................................................
See the footnotes and abbreviations at the end of the table 7.
Revised U.S. D epartm ent of Agriculture (USDA) data for 2005 and 2006;
new USDA data for 2007; revised BEA depreciation estim ates for
2005-2007.
Revised FRB flow of funds accounts residential m ortgage loans liabilities
data for 2005-2007; new C urrent Population Survey/Housing Vacancy
Survey data on owner- and tenant-occupied units for 2007; revised IRS
tabulations of individual tax return data for 2005; revised IRS tabulations of
corporate tax return data for 2005; new IRS corporate tax return data for
2006; new Federal National Mortgage Corporation m ortgage originations
data for 2006; new Departm ent of Housing and Urban Developm ent (HUD)
data on average closing costs for 2007; new Census data on expenditures
for residential improvements and repairs for 2007; revised and new farm
housing output and expenses based on Economic Research Service 2008
Farm Income Forecast; new 2006 and revised 2005 A.M. Best data on
insurance premiums, losses, and net investment gains and losses and
A.M. Best 2007 forecast of net prem ium s written for homeowners
insurance and investment gains for personal lines of insurance; new
Louisiana “Road Home” expenditures for 2007; new Mississippi
“Homeowner Assistance Program” expenditures for 2007.
Su r v e y
August 2008
of
C u r r e n t B u s in e s s
15
Current-Dollar NIPA Measures
Table 7. NIPA R e v is io n s : S ele cte d C o m p o n e n ts D etail and M a jo r S o u rce D ata— Continues
Billions of dollars
Line
NIPA Com ponent
2005
101 C orporate profits w ith IVA and C C A d j.....................................................
102
Profits before tax without IVA and C C A dj................................................
Revised
2007
level
Revision in level
2006
Major source data incorporated1
2007
75.1
41.0
114.8
67.9
47.2
9.6
Domestic industries..................................................................................
F inancial..................................................................................................
N onfinancial............................................................................................
Rest of the w o rld .......................................................................................
Taxes on corporate incom e..............................................................
Profits after ta x ................................................................................
Dom estic industries..................................................................................
Rest of the w o rld .......................................................................................
Net corporate dividend payments, N IP A s.....................................
Dom estic industries..................................................................................
Rest of the w o rld .......................................................................................
Undistributed corporate p rofits....................................................
Dom estic industries..................................................................................
Rest of the w o rld .......................................................................................
IVA......................................................................................................................
C C A dj................................................................................................................
19.7
1.7
18.1
21.2
20.8
20.2
-1.1
21.2
-2 4 .0
-2 9 .0
5.1
44.2
27.9
16.3
-1 .6
35.8
57.7
-2 6 .5
84.2
10.2
15.0
52.9
42.7
10.2
3.2
5.7
-2 .5
49.7
37.0
12.7
-3 .2
50.1
2.5
-4 8 .6
51.1
7.1
-16 .2
25.8
18.7
7.1
-6 .5
11.6
-1 8 .0
32.4
7.2
25.2
-5 .0
42.6
119 Net interest and m iscellaneous paym en ts.............................................
11.1
32.7
61.8
664.4
60.0
644.4
4,237.2
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
Less:
Equals:
Less:
Equals:
Of which:
1,642.4
1,886.3
Revised IRS tabulations of corporate tax return data for 2005; new IRS
tabulations for 2006; regulatory agency and public financial reports profits
data for 2007.
1,541.6
449.9
1,091.7
344.7
450.4
1,435.9
1,091.2
344.7 Revised BEA international transactions accounts estim ates for 2005-2007.
788.7
671.1
117.6
647.3
420.2
227.1
-5 1 .2
-1 9 2 .7 Capital consum ption allowances: Revised IRS tabulations of corporate tax
return data for 2005; new IRS tabulations for 2006. Consum ption of fixed
capital: Revised BEA fixed investment and price estim ates for 2005-2007.
120
121
Net in te re s t3 ..............................................................................................
Monetary interest p a id .........................................................................
10.7
117.7
31.9
298.7
1??
Domestic business.......................................................................
118.3
280.2
2.605.1
180.2 ...............
48.8
51.4
-3 .2
1.523.1
612.9
384.5
288.2 Revised FRB consum er credit data for 2007; revised FRB interest rate data
for 2 005-2007; new regulatory data for 2007.
344.9
4,237.2 Revised IRS tabulations of corporate tax return data for 2005; new IRS
tabulations for 2006; new IRS tabulations for sole proprietorship and
partnership tax return data for 2006; revised FRB flow of funds nonfinancial
corporate assets data for 2005 and 2006; new FRB data for 2007; new
Federal Deposit Insurance Corporation data, Credit Union National
Association data, Office of Thrift Supervision data, and trade source data
on investment com panies for 2007.
2,815.8
Of which:
Of which:
Revised IRS tabulations of corporate tax return data for 2005; new IRS
tabulations for 2006; new IRS tabulations of sole proprietorship and
partnership tax return data for 2006; revised FRB flow of funds residential
mortgage liabilities data and nonfinancial corporate liabilities data for 2005
and 2006; new FRB data for 2007; revised USDA data on interest paid by
farm ers for 2005 and 2006; new USDA data for 2007; new Federal Deposit
Insurance Corporation data, Credit Union National Association data, Office
of Thrift Supervision data, and trade source data on investment companies
for 2007.
123
124
125
126
Financial co rporations.......................................................
Nonfinancial corporations..................................................
Sole proprietorships and partnerships...........................
P ersons...........................................................................................
61.1
43.5
14.1
-3.1
127
128
Less: M onetary interest received......................................................
Rest of the w o rld ..........................................................................
4.1
117.7
13.1
298.7
129
Domestic business...........................................................................
107.8
284.9
130
131
132
133
134
Financial corporations............................................................
Nonfinancial corporations......................................................
Financial sole proprietorships and partnerships..............
Persons...............................................................................................
G overn m en t.......................................................................................
83.9
24.0
0.0
5.1
3.9
234.1
15.5
35.3
2.0
7.7
135
S tate and local..........................................................................
4.4
6.6
Rest of the w o rld ...............................................................................
1.0
-2 .0
4.2
24.0 ...............
78.4 Revised Census Bureau governm ent finances FY 2005 tabulations for
2005; new government finances FY 2006 tabulations for 2005 and 2006.
572.8
373.9
-2.1
24.6
536.5
0.1
25.3
248.0 New trade source data on investm ent income of life insurance carriers for
2006; revised FRB flow of funds asset data on life insurance com panies for
2005 and 2006; new FRB data for 2007.
136
137
138
Of which:
Of which:
Plus: Imputed interest p a id .................................................................
Of which:
D epositor and insurance services (paid by dom estic
financial corporate business)................................................
Of which:
139
Life insurance c a rrie rs ........................................................
See the footnotes and abbreviations at the end of the table 7.
...............
...............
...............
...............
2,293.2
366.1
156.5
748.9
99.6
Call Report
Revised FRB
data on com m ercial banks for 2005-2007;
new trade source data on property insurance com panies for 2006; new
trade source data on other financial interm ediaries for 2007.
Annual NIPA Revision
16
August 2008
Current-Dollar NIPA Measures
Table 7. NIPA R e v is io n s: S ele cte d C o m p o n e n ts D etail and M a jo r S o u rc e D ata— Table Ends
Billions of dollars
NIPA Com ponent
Line
2005
140
Less: Imputed interest received.........................................................
Of which:
Revised
2007
level
Revision in level
2006
Major source data incorporated1
2007
-2 .0
24.0
373.9
-2.1
26.4
543.2
P e rso n s.................................................................................
-1 .9
23.2
464.3
141
0.1
25.3
144 Taxes on production and im p o rts .............................................................
6.6
8.9
7.0
State and lo c a l...........................................................................................
6.4
9.4
9.2
146 L e s s : S u b sid ies................................................................................................
0.8
0.0
5.2
52.3
147
State and lo c a l...........................................................................................
0.0
0.0
6.7
7.1
148 Business current transfer payments (n e t).............................................
3.5
-4 .8
6.0
100.2
141
Of which:
14?
Of w
hich:
Of which:
145
Of which:
Of which:
Revised FRB flow of funds asset data for 2005 and 2006; new FRB data for
2007.
248.0
1,015.5
917.8 Revised Census Bureau governm ent finances FY 2005 tabulations for
2005; new governm ent finances FY 2006 tabulations for 2005 and 2006.
To the rest of the world (n e t)..................................................................
1.2
0.0
6.7
6.9
150 Current surplus of governm ent en terp ris e s .........................................
1.7
5.3
6.6
-7 .9
State and lo c a l...........................................................................................
2.0
5.7
6.5
-5 .7
New Louisiana “Road Home” expenditures for 2007; new Mississippi
“Hom eowner Assistance Program” expenditures for 2007.
149
Of which:
151
Revised BEA international transactions accounts estim ates for 2005-2007.
Revised Census Bureau governm ent finances FY 2005 tabulations for
2005; new governm ent finances FY 2006 tabulations for 2005 and 2006.
Addenda:
152 Gross national p ro d u ct.................................................................................
12.5
3.9
153 Gross s avin g ......................................................................................................
109.6
171.6
154 Personal in c o m e ..............................................................................................
Com pensation of employees, received....................................................
155
156
Proprietors’ income with IVA and C C A dj..................................................
157
Rental income of persons with C C A d j.....................................................
Personal income receipts on a s s e ts .........................................................
158
Personal interest incom e.................................................................. •......
159
-31 .3
1.2
-10.1
-2 .0
-2 0 .9
3.1
10.5
-8 .2
8.0
-10 .2
28.3
25.2
160
Personal dividend in co m e .......................................................................
-2 4 .0
3.1
-6 .7
785.8
161
0.0
-9 .5
-1 8 .4
1,713.3
162
Personal current transfer re c e ip ts.............................................................
Of
G overnm ent social benefits................................................................
-1 .2
-7 .2
-22 .4
1,681.4
163
Federal............................................................................................
-0 .8
-7 .5
-20.1
164
Less: Contributions for governm ent social in su ra n ce ..........................
Of w
hich:
-0 .5
-2.1
-14 .8
1,250.6 Revised allocations of FY 2006 Federal budget data for 2005 and 2006;
revised FY 2007 Federal budget data for 2006 and 2007; prelim inary FY
2008 Federal budget data for 2007; new Centers for Medicare and
Medicaid Services tabulations of Medicare payments for 2005-2007; new
Treasury D epartm ent data for 2007; new Departm ent of Labor data on
unemployment benefits for 2007.
965.1
165
Fe d era l.....................................................................................................
0.7
0.8
-11 .6
166
Less: Personal current ta x e s ..........................................................................
Of which:
-1 .3
-1.1
9.1
167
State and lo c a l...........................................................................................
0.4
2.1
5.0
168
169
Equals: Disposable personal incom e............................................................
Less: Personal outlays......................................................................................
Of which:
-3 0 .0
-17 .9
11.6
-2 0 .3
-1 1 .4 10,170.5
-2 1 .0 10,113.1
170
171
Equals: Personal s a v in g ...................................................................................
-1 3 .7
-12.1
-17 .3
31.9
-24 .0
9.6
which:
Of w
hich:
Personal consum ption e xpenditures....................................................
1. In these descriptions, “new” indicates this is the first time that data from the specific source are
being incorporated into the component estimate for the given year, and “revised” indicates that data
from the specific source were incorporated previously and now revised data from that source are being
incorporated.
2. The statistical discrepancy is gross domestic product (GDP) less gross domestic income (GDI); it
is also the difference between gross national product (GNP) and gross national income (GNI), which is
GDI plus net income receipts from the rest of the world. The statistical discrepancy arises because the
product-side measures of GDP and GNP are estimated independently from the income-side measures
of GDI and GNI.
3. Net interest is the sum of monetary interest paid by domestic business and by the rest of the world
and imputed interest paid by domestic financial corporate business, less monetary interest received by
domestic business and by the rest of the world and imputed interest received by domestic business
and by the rest of the world.
-27.1 13,910.0
96.0
1,956.0
-2 .4 11,663.2 See entries under “National Income” and additional sources below.
-4 0 .0 7,818.6
13.6 1,056.2
-2 5 .4
40.0
52.9 2,000.1
59.6 1,214.3 See entries under “ Net interest.”
BEA
BLS
CCAdj
DHHS
EIA
FRB
FY
IRS
IVA
USDA
Revised IRS tabulations of corporate tax return data for 2005; new IRS
tabulations for 2006; regulatory agency and public financial statements
data on dividends for 2007; revised BEA international transactions
accounts estim ates for 2005-2007.
942.3 Revised Social Security Adm inistration (SSA) data on taxable wages for
2005 and 2006; new SSA data for 2007.
1,492.8
325.4
Revised Census Bureau governm ent finances FY 2005 tabulations for
2005; new governm ent finances FY 2006 tabulations for 2005 and 2006.
9,710.2 See entries under “ Personal consum ption expenditures.”
57.4
Bureau of Economic Analysis
Bureau of Labor Statistics
Capital consumption adjustment
Department of Health and Human Services
Energy Information Administration
Federal Reserve Board
Fiscal year
Internal Revenue Service
Inventory valuation adjustment
U.S. Department of Agriculture
August 2008
S u r v e y o f C u r r e n t B usiness
17
Income Measures
Table 8. Revisions to National Income and Gross National Domestic Product
[Billions of dollars]
2005
2004
National incom e........................................................................
Wage and salary accruals................................................
Supplements to wages and salaries..............................
Proprietors' income with IVA and CCAdj............................
Farm....................................................................................
N onfarm ..............................................................................
Rental income of persons with CCAdj.................................
Corporate profits with IVA and CC A dj.................................
Net interest and miscellaneous payments..........................
Taxes on production and imports
..................................
Business current transfer payments (net)...........................
Current surplus of government enterprises........................
Plus: Consumption of fixed capital
..................................
Equals: G ross national p ro d u ct............................................
Less: Income receipts from the rest of the world....................
Plus: Income payments to the rest of the w orld.....................
Equals: Gross dom estic p ro d u ct.........................................
Addendum :
Gross domestic income.........................................................
Previously
published
Revised
For 2005-2007, two broad income measures, gross
domestic income (GDI) and national income, were
revised up.
Revision
10,306.8
6.656.4
5.379.5
1,276.9
911.6
37.3
874.3
118.4
1,231.2
491.2
863.8
44.6
83.0
-4.2
1,436.1
19.1
11,762.1
437.5
361.3
11,685.9
10,887.6
7,029.6
5,672.9
1,356.8
969.9
30.8
939.1
42.9
1,372.8
558.0
921.6
58.5
66.5
-15.1
1,609.5
5.4
12,502.4
544.1
475.6
12,433.9
10,974.0
7,030.8
5,676.7
1,354.1
959.8
34.1
925.7
40.9
1,447.9
569.1
928.2
59.3
70.0
-13.4
1,612.0
-71.2
12.514.9
573.5
480.5
12.421.9
86.4
1.2
3.8
-2.7
-10.1
3.3
-13.4
-2.0
75.1
11.1
6.6
0.8
3.5
1.7
2.5
-76.6
12.5
29.4
4.9
-12.0
11,666.8
12,428.6
12,493.0
64.4
For 2005, the revision to national income reflects a
large upward revision to corporate profits with inven
tory valuation adjustment (IVA) and capital con
sumption adjustment (CCAdj) and a smaller upward
revision to net interest and miscellaneous payments
(that is, net interest paid by domestic private enter
prises and rents and royalties paid by private enter
prises to government) that were partly offset by a
downward revision to nonfarm proprietors’ income.
The statistical discrepancy, the difference between
GDI and GDP, was revised down from less than 0.1
percent of GDP to -0.6 percent of GDP.
2006
2005
National incom e........................................................................
Compensation of employees................................................
Wage and salary accruals................................................
Supplements to wages and salaries...............................
Proprietors’ income with IVA and CCAdj............................
Farm....................................................................................
Nonfarm ..............................................................................
Rental income of persons with CCAdj.................................
Corporate profits with IVA and CCAdj.................................
Net interest and miscellaneous payments..........................
Taxes on production and im ports.........................................
Less: Subsidies......................................................................
Business current transfer payments (net)...........................
Current surplus of government enterprises........................
Plus: Consumption of fixed capital...........................................
Plus: Statistical discrepancy1.....................................................
E quals: G ross national p ro d u ct............................................
Less: Income receipts from the rest of the world....................
Plus: Income payments to the rest of the w o rld .....................
Equals: G ross dom estic p ro d u c t..........................................
Addendum:
Previously
published
Revised
Revision
10,974.0
7,030.8
5,676.7
1.354.1
959.8
34.1
925.7
40.9
1,447.9
569.1
928.2
59.3
70.0
-13.4
1,612.0
-71.2
12.514.9
573.5
480.5
12.421.9
11,655.6
7,448.3
6,025.7
1.422.6
1.006.7
19.4
987.4
54.5
1,553.7
598.5
967.3
49.7
90.2
-13.9
1,615.2
-18.1
13.252.7
691.4
633.4
13.194.7
11,795.7
7,433.8
6,028.5
1,405.3
1,014.7
16.2
998.6
44.3
1,668.5
631.2
976.2
49.7
85.4
-8.6
1,623.9
-163.0
13,256.6
725.4
647.1
13.178.4
140.1
-14.5
2.8
-17.3
8.0
-3.2
11.2
-10.2
114.8
32.7
8.9
0.0
-4.8
5.3
8.7
-144.9
3.9
34.0
13.7
-16.3
12,493.0
13.212.8
13.341.4
For 2006, the revision to national income reflects large
upward revisions to corporate profits with IVA and
CCAdj and to net interest and miscellaneous pay
ments that were partly offset by downward revisions
to supplements to wages and salaries and to rental in
come of persons with CCAdj.
128.6
The statistical discrepancy was revised down from
-0.1 percent of GDP to -1.2 percent of GDP.
2007
2006
Previously
published
11,795.7
12,228.0
Compensation of employees................................................
7,433.8
7,881.1
Wage and salary accruals................................................
6,388.6
6,028.5
Supplements to wages and salaries...............................
1,405.3
1.492.5
Proprietors' income with IVA and CCAdj............................
1,014.7
1.042.6
16.2
36.2
Nonfarm ..............................................................................
998.6
1,006.4
Rental income of persons with CCAdj.................................
65.4
44.3
1,595.2
Corporate profits with IVA and CCAdj.................................
1,668.5
631.2
602.6
Net interest and miscellaneous payments..........................
Taxes on production and im ports.........................................
976.2
1.008.5
49.7
47.1
85.4
94.2
Business current transfer payments (net)............................
Current surplus of government enterprises........................
-8.6
-14.5
Plus: Consumption of fixed capital...........................................
1,623.9
1.686.6
Plus: Statistical discrepancy’ .....................................................
-163.0
22.4
13,937.1
Equals: Gross national product
...................................
13,256.6
Less: Income receipts from the rest of the world....................
725.4
817.5
647.1
721.8
Plus: Income payments to the rest of the w o rld .....................
Equals: Gross dom estic p ro d u c t.........................................
13.178.4
13,841.3
Addendum :
13.341.4
Gross domestic income.........................................................
13,818.9
Revised
Revision
12,270.9
7,812.3
6,355.7
1,456.6
1.056.2
44.0
1.012.2
40.0
1,642.4
664.4
1.015.5
52.3
100.2
-7.9
1.720.5
-81.4
13.910.0
861.7
759.3
13,807.5
42.9
-68.8
-32.9
-35.9
13.6
7.8
5.8
-25.4
47.2
61.8
7.0
5.2
6.0
6.6
33.9
-103.8
-27.1
44.2
37.5
-33.8
13.889.0
70.1
1. See the box “The Statistical Discrepancy” in Robert P. Parker and Eugene P. Seskin, “Annual Revision of the
National Income and Product Accounts,” S urvey 77 (August 1997): 19.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
For 2007, the revision to national income reflects large
upward revisions to net interest and miscellaneous
payments and to corporate profits with IVA and
CCAdj that were partly offset by large downward revi
sions to compensation of employees and to rental in
come of persons with CCAdj.
The statistical discrepancy was revised down from 0.2
percent of GDP to -0.6 percent of GDP.
18
Annual NIPA Revision
August 2008
Methodology Changes
Changes in m ethodology this year include the following.1
Motor vehicle valuation. Beginning with estimates for
the first quarter of 2005, the values of unit sales and inven
tory change for new domestic and foreign autos now incor
porates more detailed and comprehensive model-year data
on transactions prices from J.D. Power. During a calendar
year, the new autos and trucks sold usually include vehicles
for the preceding, current, and next model year. The
improved estimates now incorporate average price data for
all three model years. Previously, the price data for valuing
new domestic autos were based on a two-model-year split
from a large auto m anufacturer that was then applied to
other manufacturers.2 The price data for valuing new for
eign autos were based only on the one-model year corre
sponding to the calendar year. The improved procedure is
now consistent with the m ethodology used to value new
domestic and foreign light trucks.
Airline prices. The price index used for deflating con
sumer purchases of domestic airline services has been
changed to an improved BLS producer price index (PPI) for
domestic scheduled passenger air transportation. Similarly,
the price index used for deflating international airline ser
vices purchased by U.S. residents from U.S. carriers is now
an improved PPI for international scheduled passenger air
transportation. Previously, domestic airline services expen
ditures were deflated using data on cents per revenue pas
senger mile for domestic carriers from the Air Transport
Association of America, and the expenditures for interna
tional airline services on U.S. carriers were deflated using
the BLS im port air passenger fares index. The improved
PPIs reflect a m ethodology that captures average revenue
per passenger for all passengers and fare codes from an ori
gin to a destination; previously, the price indexes reflected
only a single fare code from an origin to a destination. The
improved PPIs also capture all Internet pricing, include fre
quent flyer mile tickets, and include pricing from all distri
bution channels, making them m ore consistent with the
current-dollar expenditures series that are being deflated.
Scanner data. W ithin personal consum ption expendi
tures (PCE) for goods, estimates of the composition of
goods bought at grocery stores are now based on point-ofsale retail scanner data from trade sources. This m ethod
captures the variation in the composition of goods sold by
grocery stores (mainly food and beverage items) and alters
the composition of commodities in PCE goods. Previously,
the composition of PCE for food and beverage items was
1. These changes update the inform ation that was published in “U pdated
Sum m ary NIPA M ethodologies” in the N ovem ber 2007 S u r v e y and that will be
updated in the N ovem ber 2008 S u r v e y .
2. Specifically, for January-July, the current and preceding m odel years were
used; for August-D ecem ber, the current and next m odel years were used.
adjusted annually using BLS consumer expenditure survey
(CES) data. However, the CES data are not available by
industry (only by commodity) and are only available d u r
ing annual revisions with a 1-year lag. The value of total
sales of grocery stores continues to be based on the Census
Bureaus m onthly and annual surveys of retail trade by
industry.
Quarterly consumption of fixed capital. The estimates
of quarterly private consum ption of fixed capital (CFC) are
now calculated using the perpetual inventory m ethod
(PIM) at a much more detailed level than previously calcu
lated.3 Detailed quarterly real private fixed investment by
type of asset is now apportioned to detailed industries and
legal form of ownership (LFO) using implied ratios from
the most recent year’s fixed assets accounts. After applying
the PIM at the detailed level by industry, by LFO, and by
type of asset, the resulting real depreciation estimates are
reflated to current-cost CFC estimates using detailed NIPA
price indexes for private fixed investment by type of asset.
These detailed private CFC estimates are then aggregated to
total private CFC by LFO. Previously, private CFC was cal
culated by apportioning real private fixed investment for all
asset types combined to LFO using implied ratios from the
m ost recent year’s fixed assets accounts, and the PIM was
applied at the LFO level using implied depreciation rates
also calculated from the m ost recent years fixed assets
accounts. The resulting estimates were then reflated to current-cost estimates using an aggregate price index for total
private fixed investment. Because the new m ethod makes
full use of detailed NIPA quarterly private fixed investment
by type of asset, the current quarterly estimates of CFC will
m ore accurately reflect each LFO’s asset-type composition.
For example, CFC for “households and institutions” will
more accurately reflect the composition of assets owned by
households and institutions (that is, prim arily residential
structures) as opposed to reflecting investment in not only
residential structures, but also in nonresidential structures
and in equipm ent and software. This will reduce the size of
revisions for the m ost recent year and for the quarterly esti
mates of private CFC during annual revisions.
New nonresidential building prices. As part of the 2006
annual revision, BEA began incorporating price data from
BLS’s nonresidential building construction initiative into its
estimates of nonresidential structures. With the estimates
for the first quarter of 2008, BEA is now incorporating the
newly available price index for new industrial building con
struction into its estimates of m anufacturing structures.
3. For inform ation on the perpetual inventory m ethod, see Bureau o f Eco
nom ic Analysis, Fixed Assets and Consumer Durable Goods in the United States,
1925-99 (W ashington, DC: U.S. G overnm ent Printing Office, Septem ber
2003) at <www.bea.gov/national/pdf/Fixed_Assets_1925_97.pdf>.
A u gu st 2 0 0 8
S u r v e y o f C u r r e n t B usiness
19
Source Data
Source Data Incorporated in the 2008 Annual Revision
The annual revision incorporated data from a variety of
sources: Census Bureau annual surveys of manufactures, of
merchant wholesale trade, and of retail trade for 2005
(revised) and 2006 (preliminary) and revised monthly indi
cators of manufactures, of merchant wholesale trade, and of
retail trade for 2005-2007; Census Bureau annual survey of
services for 2005 and 2006 (revised) and 2007 (prelimi
nary); Census Bureau annual surveys of state and local gov
ernment finances for 2004 and 2005 (revised) and 2006
(preliminary); Census Bureau monthly survey of construc
tion spending (value put in place) for 2006 and 2007
(revised); Census Bureau quarterly survey of services for
2005-2007 (revised); Census Bureau current population
survey/housing vacancy survey for 2007; federal govern
ment budget data for fiscal years 2007 and 2008; Internal
Revenue Service tabulations of tax returns for corporations
for 2005 (revised) and 2006 (preliminary) and for sole pro
prietorships and partnerships for 2006; Bureau of Labor
Statistics quarterly census of employment and wages for
2005-2007 (revised); Department of Agriculture farm sta
tistics for 2005-2007 (revised); and BEA’s international
transactions accounts for 2005-2007 (revised).
Discontinuities in NIPA Foreign Transactions
The revisions to net exports of goods and services reflect
the annual revision to Bureau of Economic Analysis inter
national transactions accounts, which incorporated new
and updated source data.1
The revisions to the international transactions accounts
for 2005-2007 were incorporated into the accounts at their
1. See C hristopher L. Bach, “A nnual Revision o f the U.S. International
Accounts, 1974-2007,” S u r v e y 88 (July 2008): 36-52.
“best level.” As a result, there are small discontinuities
between the estimates for 2004 and those for 2005 in the
national income and product accounts (NIPAs) (table A).
For current-dollar net exports of goods and services (and
for current-dollar gross domestic product), the change
from 2004-2005 was overstated by $4.4 billion. (The revi
sions to the international transactions accounts for years
before 2005 will be incorporated in the next comprehensive
NIPA revision.)
Table A. D iscontinuities in NIPA Foreign Transactions, 2004-2005
[Billions of dollars]
2004
Published
Change from
2004 to 2005
2005
Dis
continuity1
Adjusted
Revised
Published
Adjusted
Net exports of goods and s ervices.....................................................
Exports.....................................................................................................
Goods....................................................................................................
Services................................................................................................
Imports......................................................................................................
Goods....................................................................................................
Services................................................................................................
-6 15 .4
1,182.4
818.3
364.1
1,797.8
1,499.5
298.3
4.4
3.3
0.0
3.3
-1 .0
0.0
-1 .0
-611.0
1,185.7
818.3
367.4
1,796.8
1,499.5
297.3
-713.6
1,311.5
908.4
403.1
2,025.1
1,705.3
319.8
-9 8.2
129.1
90.1
39.0
227.3
205.8
21.5
-1 02 .6
125.8
90.1
35.7
228.3
205.8
22.5
Net receipts of in c o m e ...........................................................................
Income receipts.......................................................................................
Wage and salary receipts...................................................................
Income receipts on assets.................................................................
Interest...........................................................................................
Dividends......................................................................................
Reinvested earnings of U.S. direct investment abroad..........
Income payments....................................................................................
Wage and salary payments...............................................................
Income payments on assets..............................................................
Interest...........................................................................................
Dividends......................................................................................
Reinvested earnings of foreign direct investment in the
United States............................................................................
76.2
437.5
2.8
434.7
118.3
121.1
195.3
361.3
9.0
352.3
229.4
73.3
10.9
11.5
0.0
11.5
-0 .3
14.5
-2 .8
0.7
0.0
0.7
0.5
0.0
87.1
449.0
2.8
446.2
118.0
135.6
192.5
362.0
9.0
353.0
229.9
73.3
93.0
573.5
2.9
570.6
186.5
363.3
20.7
480.5
9.3
471.2
326.6
102.5
16.8
136.0
0.1
135.9
68.2
242.2
-174.6
119.2
0.3
118.9
97.2
29.2
5.9
124.5
0.1
124.4
68.5
227.7
-171.8
118.5
0.3
118.2
96.7
29.2
49.7
0.2
49.9
42.1
-7 .6
-7 .8
Current taxes and transfer payments to the rest of the world
(n e t)..........................................................................................................
84.9
0.1
85.0
90.3
5.4
5.3
Addenda:
Gross domestic product.........................................................................
Gross national product...........................................................................
11,685.9
11,762.1
4.4
15.2
11,690.3
11,777.3
12,421.9
12,514.9
736.0
752.8
731.6
737.6
1. Equals the revisions to the U.S. international transactions accounts that have not been carried back in the NIPAs at this time.
Annual NIPA Revision
20
August 2008
Data Availability and Acknowledgments
Data Availability
An extensive set of estimates is presented in “National
Income and Product Accounts” in this issue. These esti
mates and annual estimates for 1929 forward and quarterly
estimates for 1947 forward are available at <www.bea.gov>.
Selected revised NIPA estimates and related estimates will
be published in upcoming issues of the Survey. The Sep
tember Survey will present the following NIPA tables:
tables 3.15-3.17 (government spending by function),
table 5.9 (which shows the changes in the net stock of pro
duced assets), table 7.15 (which shows the relationship
between net farm income in the NIPAs and net farm
income from the USDA). It will also present new estimates
of fixed assets and consumer durable goods for 2007 and
revised estimates for 2005 and 2006.
The October Survey will present NIPA tables 3.18 and
3.19 (government-sector reconciliation tables), tables 3.20
and 3.21 (state government and local government current
receipts and expenditures), and tables 8.3 and 8.4 (season
ally unadjusted estimates of federal and state and local cur
rent receipts and expenditures). It will also present revised
real inventories, sales, and inventory-sales ratios for manu
facturing and trade for the first quarter of 2005 to the first
quarter of 2008. Also, revised estimates of state personal
income that incorporate this annual revision will be pre
sented.
The November Survey will feature the “Updated Sum
mary NIPA Methodologies,” which lists the principal source
data and estimating methods that are used in preparing the
current-dollar and real estimates of GDP. In addition, NIPA
table 2.9 (personal income by households and by nonprofit
institutions serving households) and table 7.20 (nonprofits
reconciliation table) will be presented.
The December Survey will include updated estimates
from the annual industry accounts. As previously
announced, due to the fiscal year 2008 federal budget, BEA
will not provide updated estimates for seasonally unad
justed tables 8.1, 8.2, 8.5, and 8.6 or for the comparison of
personal income with adjusted gross income in table 7.19.
Acknowledgments
Carol E. Moylan, Chief of the National Income and Wealth
Division, supervised the preparation of this year’s annual
revision of the national income and product accounts.
Brian C. Moyer, former Chief of the Government Division,
directed major parts of the revision. Brent R. Moulton,
Associate Director for National Economic Accounts, pro
vided overall supervision. David F. Sullivan—together
with Charles Ian Mead, Robert J. Kornfeld, and Virginia H.
Mannering—coordinated and conducted the estimation
and review process.
Eugene P. Seskin and Shelly Smith wrote the article.
Robert D. Carlson, Duane G. Hackmann, Aya Hamano,
Alyssa E. Holdren, and Erin M. Ludlow prepared analyses
and other review materials for both the article and the
news release.
Other BEA staff who made significant contributions to
the revision are listed below by area of expertise.
Personal consumption expenditures: Michael Armah,
Clinton P. McCully, Teresita D. Teensma. Goods: Tony
Choi, Harvey L. Davis, lr., Yukun Fung, Everette P.
lohnson, Richard E. Kane, Matthew D. Tschetter. Ser
vices: Brendan J. Leary, Kyle J. Brown, Robert D. Carlson,
Robert N. Ganz III.
Investment and foreign transactions: Paul R. Lally. Inven
tories, foreign transactions, and prices: lennifer A. Ribarsky,
John W. Drewry, Harry Johnson, Jr., Kate L. Shoemaker,
Enrico Tan. Structures, equipment, and software: Jeffrey W.
Crawford, Aya Hamano, Velma P. Henry, Todd P. Siebeneck, Linden L. Webber.
Federal government: Pamela A. Kelly, Peter G. Beall,
Monica D. Carpio, Andrea L. Cook, April L. Downs, Raymen G. Labella, Mark S. Ludwick, Benjamin A. Mandel,
Farah Naz, Michael D. Randall, Michelle D. Robinson,
Mary L. Roy, Benyam Tsehaye, Andrew E. Vargo, Bryan A.
Williams.
State and local government: Bruce E. Baker, Karla Allen,
Steven J. Andrews, Benjamin D. Cowan, Michelle Grier,
Erin M. Ludlow, Sean M. Puckett.
Computer systems and operations: Michael J. Boehm,
Scott G. He, Douglas J. Klear, Sung H. Lee, Ethan C. Lin
coln, Ross F. Metzger, Michael J. Ocasio, Andrew J. Pinard,
James J. Raley III, Michael D. Randall, Karl V. Rohrer,
Andrew G. Schmidt.
Personal income: Kurt Kunze, Dennis R. Weikel.
Employee compensation: Janet H. Kmitch, Jennifer R.
Mykijewycz, James E. Rankin, Martin L. Simmons, Eli
jah Slack, Brian J. Smith. Business income: Howard I.
Krakower, Andrew W. Hodge, M. Greg Key, Charles S.
Robinson, Jerry L. Stone, Garth K. Trinkl. Property income:
Michael N. Hayes, Denise A. McBride, Clark F. Schier,
Andrew G. Schmidt, Gregory J. Shotwell.
Consumption of fixed capital: Private: David B.
Wasshausen, Michael T. Cusick, Michael D. Glenn, Bon
nie A. Retus, Nadia F.P. Sadee. Government: Charles Ian
Mead, Charlotte Anne Bond, Debasis Chaudhuri, Christo
pher B. Mbu.
NIPA information: Virginia H. Mannering, Lisa S. Mataloni.
Secretarial and program assistance: Esther M. Carter,
Katherine Dent, Angela P. Pointer.
August 2008
Su r v e y
of
C u r r e n t B u s in e s s
21
Appendix A
Revisions to the National Income and Product Accounts—Continues
[Billions of dollars]
2005
Revised
2006
Revision
Revised
2007
Revision
Revised
Revision
Account 1. Domestic Income and Product Account
Compensation of employees, paid................................................................................................
Wage and salary accruals..........................................................................................................
Disbursements............................
Wage accruals less disbursements......................................................................................
Supplements to wages and salaries.........................................................................................
Taxes on production and im ports......
Less: Subsidies................................................................................................................................
Net operating surplus.........................
Private enterprises.........................
Current surplus of government enterprises..............................................................................
Consumption of fixed capital..........................................................................................................
Gross domestic income................................................................................................................
Statistical discrepancy............
GROSS DOMESTIC PRODUCT
Personal consumption expenditures.............................................................................................
Durable goods.....................
Nondurable goods........................................................................................................................
S ervices..............................
Gross private domestic investment...............................................................................................
Fixed investment................
Nonresidential................
Structures....................
Equipment and software....................................................................................................
Residential......................
Change in private inventories.....................................................................................................
Net exports of goods and services................................................................................................
Exports...................................................................................
Im ports...................................................................................
Government consumption expenditures and gross investment.................................................
Federal...................................................................................
National defense..............................................................
Nondefense.......................................................................
State and local.............................................................................................................................
GROSS DOMESTIC PRODUCT....................................................................................................
7,037.2
5,683.1
5,678.1
5.0
1,354.1
928.2
59.3
2,974.9
2,988.3
-13.4
1,612.0
12,493.0
-71.2
12,421.9
8,694.1
1,020.8
2,514.1
5,159.2
2,086.1
2,042.8
1,273.1
337.6
935.5
769.6
43.3
-713.6
1,311.5
2,025.1
2,355.3
875.5
588.1
287.4
1,479.8
12,421.9
1.2
3.8
3.8
0.0
-2.7
6.6
0.8
54.9
53.2
1.7
2.5
64.4
-76.6
-12.0
-13.7
-3.1
-2.1
-8.6
8.9
2.5
1.0
3.0
-2.0
1.4
6.4
1.0
2.1
1.2
-8.1
-2.9
-0.6
-2.4
-5.2
-12.0
Income payments on assets...........................................................................................................
Interest and miscellaneous payments.......................................................................................
Dividend payments to the rest of the w orld....................................
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 w orld...........................................................................................................
Profits after tax with inventory valuation and capital consumption adjustments.................
Net dividends...........................................................................................................................
Undistributed corporate profits with inventory valuation and capital consumption
adjustments..........................................................................................................................
USES OF PRIVATE ENTERPRISE INCOM E..............................................................................
Net operating surplus......................................................................................................................
Income receipts on assets..............................
Interest..........................................................
Dividend receipts from the rest of the world.............................................................................
Reinvested earnings on U.S. direct investment abroad..........................................................
SOURCES OF PRIVATE ENTERPRISE INCOME.....................................................................
2,755.0
2,610.4
102.5
42.1
70.0
38.8
31.8
-0.6
959.8
40.9
1,447.9
413.7
397.2
16.5
1,034.2
577.4
119.7
115.7
10.0
-6.0
3.5
1.2
1.1
1.2
-10.1
-2.0
75.1
20.8
20.7
0.1
54.3
-24.0
3 425.8
3 254 4
102.2
69.2
85.4
24.9
57.9
2.5
1,014.7
44.3
1,668.5
468.9
449.7
19.3
1,199.6
702.1
456.9
5,273.6
2,988.3
2,285.3
1,901 2
363.3
20.7
5,273.6
78.3
186.3
53.2
133.1
107 7
15.0
10.3
186.3
497.5
6,238.7
3,359.2
2 879.5
2 440 6
175.4
263.5
6,238.7
Personal current taxes.....................................................................................................................
Personal outlays...............................................................................................................................
Personal consumption expenditures.........................................................................................
Personal interest payments........................................................................................................
Personal current transfer payments...........................................................................................
To government............................
To the rest of the world (net)....
Personal saving...................................
PERSONAL TAXES, OUTLAYS, AND SAVING
Compensation of employees, received.........................................................................................
Wage and salary disbursements...
Domestic.....................................
Rest of the world........................
Supplements to wages and salaries.........................................................................................
Employer contributions for employee pension and insurance fu n d s................................
Employer contributions for government social insurance..................................................
Proprietors’ income with inventory valuation and capital consumption adjustments..............
Rental income of persons with capital consumption adjustment...............................................
Personal income receipts on assets..............................................................................................
Personal interest income.............................................................................................................
Personal dividend incom e.
Personal current transfer receipts..................................................................................................
Government social benefits........................................................................................................
From business (n e t)..........
Less: Contributions for government social insurance..................................................................
PERSONAL INCOME...........
1,207.8
9,029.5
8,694.1
215.0
120.4
72.5
47.9
32.5
10,269.8
7,025.8
5,671.7
5,668.8
2.9
1,354.1
926.0
428.1
959.8
40.9
1,596.9
1,022.0
574.9
1,520.7
1,481.9
38.8
874.3
10,269.8
7,440.4
6,035.1
6,033.9
1.3
1,405.3
976.2
49.7
3,350.6
3,359.2
-8.6
1,623.9
13,341.4
-163.0
13,178.4
9,207.2
1,052.1
2,685.2
5,469.9
2,220.4
2,171.1
1,414.1
410.4
1,003.7
757.0
49.3
-757.3
1,480.8
2,238.1
2,508.1
932.2
624.1
308.0
1,575.9
13,178.4
-14.4
2.9
9.2
-6.2
-17.3
8.9
0.0
125.3
120.0
5.3
8.7
128.6
-144.9
-16.3
-17.3
3.2
-2.8
-17.7
11.2
8.6
16.4
5.3
11.1
-7.8
2.6
4.7
13.2
8.5
-14.9
-0.3
-0.2
-0.2
-14.6
-16.3
7,819.4
6,362.8
6,369.0
-6.3
1,456.6
1,015.5
52.3
3,386.0
3,393.9
-7.9
1,720.5
13,889.0
-81.4
13,807.5
9,710.2
1,082.8
2,833.0
5,794.4
2,130.4
2,134.0
1,503.8
480.3
1,023.5
630.2
-3.6
-707.8
1,662.4
2,370.2
2,674.8
979.3
662.2
317.1
1,695.5
13,807.5
-68.8
-32.9
-4.2
-28.8
-35.9
7.0
5.2
103.3
96.7
6.6
33.9
70.1
-103.8
-33.8
-24.0
4.6
-0.2
-28.4
5.0
11.6
22.0
8.2
13.8
-10.5
-6.5
0.2
19.4
19.2
-15.0
3.3
2.1
1.2
-18.3
-33.8
316 5
307 6
10.8
-1.9
-4.8
-2.3
-2.7
0.0
8.0
-10.2
114.8
15.0
14.2
0.9
99.8
3.2
3 769 6
3 605 0
95.6
68.9
100.2
31.9
61.4
6.9
1,056.2
40.0
1,642.4
450.4
426.3
24.1
1,192.0
788.7
33.2
-22.1
6.0
4.0
-4.8
6.7
13.6
-25.4
47.2
-16.2
-18.2
2.0
63.4
-6.5
96.6
424.2
120.0
304 2
285 1
8.2
10.9
424.2
403.4
6,608.5
3,393.9
32146
2 705 4
213.2
296.0
6,608.5
Account 2. Private Enterprise Income Account
69.9
96.7
15.2
3.0
Account 3. Personal Income and Outlay Account
-1.3
-17.9
-13.7
-2.7
-1.4
-2.0
0.6
-12.1
-31.3
1.2
3.8
3.8
0.0
-2.7
-1.7
-1.0
-10.1
-2.0
-20.9
3.1
-24.0
0.0
-1.2
1.2
-0.5
-31.3
1,353.2
9,570.0
9,207.2
235.4
127.4
76.2
51.1
70.7
10,993.9
7,432.6
6,027.2
6,024.4
2.9
1,405.3
956.8
448.5
1,014.7
44.3
1,824.8
1,125.4
699.4
1,603.0
1,578.1
24.9
925.5
10,993.9
-1.1
-20.3
-17.3
-2.6
-0.4
-2.7
2.2
31.9
10.5
-8.2
9.0
9.0
0.0
-17.3
-13.9
-3.3
8.0
-10.2
28.3
25.2
3.1
-9.5
-7.2
-2.3
-2.1
10.5
1,492.8
10,113.1
9,710.2
265.4
137.5
81.2
56.3
57.4
11,663.2
7,818.6
6,362.0
6,359.0
3.0
1,456.6
991.9
464.7
1,056.2
40.0
2,000.1
1,214.3
785.8
1,713.3
1,681.4
31.9
965.1
11,663.2
9.1
-21.0
-24.0
2.6
0.4
-4.9
5.2
9.6
-2.4
^ to .o
-4.1
-4.1
0.0
-35.9
-24.9
-11.1
13.6
-25.4
52.9
59.6
-6.7
-18.4
-22.4
4.0
-14.8
-2.4
22
August 2008
Annual NIPA Revision
Appendix A
Revisions to the National Income and Product Accounts—Table Ends
[Billions of dollars]
2005
Revised
2007
2006
Revision
Revised
Revision
Revised
Revision
Account 4. Government Receipts and Expenditures Account
-8.2
-1.2
-1.2
-1.2
0.0
0.0
-0.9
0.8
0.0
40.9
26.6
14.3
31.3
26.6
-1.3
6.6
20.7
0.6
-0.5
4.2
4.3
0.1
-0.9
1.1
-2.0
1.7
31.3
Consumption expenditures..............................................................................................................
Current transfer payments...
Government social benefits........................................................................................................
To persons....................
To the rest of the world
........................................................
Other current transfer payments to the rest of the world (net)...............................................
Interest payments....................................................................
Subsidies...........................................................................................................................................
Less: Wage accruals less disbursements....................................................................................
Net government saving...................................................................................................................
Federal..........................................................................................................................................
State and local....
GOVERNMENT CURRENT EXPENDITURES AND NET SAVING..........................................
Current tax receipts..........................................................................................................................
Personal current taxes....
Taxes on production and im ports..............................................................................................
Taxes on corporate income........................................................................................................
Taxes from the rest of the w o rld .................................................................................................
Contributions for government social insurance............................................................................
Income receipts on assets ..
Interest and miscellaneous receipts..........................................................................................
Dividends......................................................................................................................................
Current transfer receipts..................................................................................................................
From business (net)......................................................................................................................
From persons................................................................................................................................
Current surplus of government enterprises..................................................................................
GOVERNMENT CURRENT RECEIPTS.......................................................................................
1,957.5
1,520.5
1,485.0
1,481.9
3.1
35.5
345.3
59.3
0.0
-262.2
-291.7
29.5
3,620.4
2,545.3
1,207.8
928.2
397.2
12.1
874.3
109.8
107.4
2.5
104.3
31.8
72.5
-13.4
3,620.4
Exports of goods and services.......................................................................................................
Income receipts from the rest of the w orld...................................................................................
Wage and salary receipts............
Income receipts on assets..........
Interest......................................
Dividends..................................................................................................................................
Reinvested earnings on U.S. direct investment abroad......................................................
CURRENT RECEIPTS FROM THE REST OF THE WORLD....................................................
Imports of goods and services.......................................................................................................
Income payments to the rest of the w o rld ....................................................................................
Wage and salary payments........................................................................................................
Income payments on assets.......................................................................................................
Interest.........................
Dividends.................................................................................................................................
Reinvested earnings on foreign direct investment in the United States..........................
Current taxes and transfer payments to the rest of the world (net)...........................................
From persons (net)......................................................................................................................
From government (net)................................................................................................................
From business (net)......................................................................................................................
Balance on current account, national income and product accounts........................................
CURRENT PAYMENTS TO THE REST OF THE WORLD AND BALANCE ON CURRENT
ACCOUNT....................................................................................................................................
1,311.5
573.5
2.9
570.6
186.5
363.3
20.7
1,885.0
2,025.1
480.5
9.3
471.2
326.6
102.5
42.1
90.3
47.9
26.5
15.9
-710.9
2.1
29.4
0.0
29.4
4.0
15.0
10.3
31.5
1.2
4.9
0.0
4.9
0.9
10.0
-6.0
1.3
0.6
-0.6
1.3
24.2
1,885.0
31.5
2,081.5
1,611.0
1,581.4
1,578.1
3.3
29.6
376.5
49.7
0.0
-155.0
-201.1
46.2
3,963.8
2,792.4
1,353.2
976.2
449.7
13.4
925.5
120.4
117.7
2.7
134.2
57.9
76.2
-8.6
3,963.8
-7.8
-7.3
-7.3
-7.2
0.0
0.0
3.6
0.0
0.0
40.4
18.9
21.6
29.0
22.6
-1.1
8.9
14.2
0.8
-2.1
8.5
8.4
0.1
-5.3
-2.7
-2.7
5.3
29.0
2,212.0
1,721.3
1,685.0
1,681.4
3.6
36.3
411.1
52.3
0.0
-218.9
-229.3
10.4
4,177.8
2,948.5
1,492.8
1,015.5
426.3
14.0
965.1
129.5
126.6
2.8
142.6
61.4
81.2
-7.9
4,177.8
-9.9
-21.1
-22.4
-22.4
0.0
1.3
9.8
5.2
0.0
11.4
-10.8
22.2
-4.6
-1.6
9.1
7.0
-18.2
0.6
-14.8
14.9
14.7
0.1
-9.7
-4.8
-4.9
6.6
-4.6
Account 5. Foreign Transactions Current Account
1,480.8
725.4
2.9
722.5
283.6
175.4
263.5
2,206.1
2,238.1
647.1
9.5
637.6
466.2
102.2
69.2
92.5
51.1
19.6
21.8
-771.6
13.2
34.0
0.0
33.9
14.8
8.2
10.9
47.1
8.5
13.7
0.1
13.6
4.7
10.8
-1.9
2.4
2.2
-0.7
0.9
22.5
1,662.4
861.7
3.0
858.8
349.6
213.2
296.0
2,524.1
2,370.2
759.3
10.0
749.3
584.8
95.6
68.9
113.2
56.3
25.9
31.0
-718.6
19.4
44.2
0.0
44.3
26.1
15.2
3.0
63.6
19.2
37.5
0.0
37.6
26.5
33.2
-22.1
14.7
5.2
0.7
8.8
-7.8
2,206.1
47.1
2,524.1
63.6
Account 6. Domestic Capital Account
Gross domestic investment.............................................................................................................
Private fixed investment..
Government fixed investment.....................................................................................................
Change in private inventories.....................................................................................................
Capital account transactions (net)..................................................................................................
Net lending or net borrowing (-), national income and product accounts................................
GROSS DOMESTIC INVESTMENT, CAPITAL ACCOUNT TRANSACTIONS, AND NET
LENDING......................................................................................................................................
Net saving.........................................................................................................................................
Personal saving............................................................................................................................
Undistributed corporate profits with inventory valuation and capital consumption
adjustments..............................................................................................................................
Wage accruals less disbursements (private)............................................................................
Net government saving...............................................................................................................
Plus: Consumption of fixed capital.................................................................................................
Private............................................................................................................................................
G overnm ent.....................
General government...
Government enterprises........................................................................................................
Equals: Gross saving.......................................................................................................................
Statistical discrepancy......................................................................................................................
GROSS SAVING AND STATISTICAL DISCREPANCY.............................................................
2,483.9
2,042.8
397.8
43.3
4.0
-714.9
8.9
2.5
0.0
6.4
-0.1
24.2
2,647.0
2,171.1
426.7
49.3
3.9
-775.5
4.1
8.6
-7.1
2.6
0.0
22.5
2,593.2
2,134.0
462.8
-3.6
1.8
-720.4
-0.1
11.6
-5.1
-6.5
0.2
-8.0
1,773.0
232.2
32.5
33.1
107.1
-12.1
1,875.5
414.5
70.7
26.7
162.8
31.9
1,874.6
235.6
57.4
-7.9
62.2
9.6
456.9
5.0
-262.2
1,612.0
1,359.7
252.3
207.5
44.9
1,844.2
-71.2
1,773.0
78.3
0.0
40.9
2.5
2.7
-0.1
0.0
0.0
109.6
-76.6
33.1
497.5
1.3
-155.0
1,623.9
1,356.0
268.0
223.7
44.3
2,038.5
-163.0
1,875.5
96.6
-6.2
40.4
8.7
8.5
0.3
0.1
0.2
171.6
-144.9
26.7
403.4
-6.3
-218.9
1,720.5
1,431.1
289.4
241.4
48.0
1,956.0
-81.4
1,874.6
69.9
-28.8
11.4
33.9
32.4
1.5
0.8
0.7
96.0
-103.8
-7.9
Account 7. Foreign Transactions Capital Account
BALANCE ON CURRENT ACCOUNT, NATIONAL INCOME AND PRODUCT
ACCOUNTS.................................................................................................................................
Capital account transactions (net)..................................................................................................
Net lending or net borrowing (-), national income and product accounts................................
CAPITAL ACCOUNT TRANSACTIONS (NET) AND NET LENDING, NATIONAL INCOME
AND PRODUCT ACCOUNTS....................................................................................................
-710.9
4.0
-714.9
24.2
-0.1
24.2
-771.6
3.9
-775.5
22.5
0.0
22.5
-718.6
1.8
-720.4
-7.8
0.2
-8.0
-710.9
24.2
-771.6
22.5
-718.6
-7.8
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August 2008
National Income and Product Accounts Tables
This set of tables presents the results of the annual revision
of the national income and product accounts (NIPAs)
released beginning July 31, 2008. The tables present revised
annual estimates for 2005-2007, revised quarterly estimates
for the first quarter of 2005 through the first quarter of
2008, revised m onthly estimates for January 2005 through
May 2008, and “advance” estimates for the second quarter of
2008 and for June 2008. For additional inform ation, see the
article “Annual Revision o f the National Income and
Product Accounts” in this issue. The estimates for all
currently released NIPA series for 1929 forward are available
on BEA’s Web site at <www.bea.gov>.
A few tables from the annual revision will be pub
lished in upcom ing issues of the Survey of Current
Business. Tables 3.15-3.17, 5.9, and 7.15 are scheduled
for publication in the September 2008 issue. Tables
3.18B-3.21, 8.3, and 8.4 are scheduled for the October 2008
issue. Tables 2.9 and 7.20 will be published in the November
2008 issue.
As was announced in the May 2008 issue of the Survey,
the revision and the publication of the estimates in tables
7.19, 8.1, 8.2, 8.5, and 8.6 have been suspended because of
budget constraints. Estimates through 2004 for these tables
will continue to be available on BEA’s Web site at
<www.bea.gov>.
The historical estimates of gross domestic product (GDP)
are presented in “GDP and O ther Major NIPA Series,
1929-2008:11” in this issue.
Summary Tables
A.
Summary National Income and Product Accounts, 2007 ....................................................................................... ... 30
1. Dom estic Product and Income
1.1.1.
1.1.2.
1.1.3.
1.1.4.
1.1.5.
1.1.6.
1.1.7.
1.1.8.
1.1.9.
1.1.10.
1.2.1.
1.2.2.
1.2.3.
1.2.4.
1.2.5.
1.2.6.
1.3.1.
1.3.3.
1.3.4.
1.3.5.
1.3.6.
Percent Change From Preceding Period in Real Gross Domestic Product................................................................ 32
Contributions to Percent Change in Real Gross Domestic P roduct.......................................................................... 32
Real Gross Domestic Product, Quantity Indexes..................................................................................................... ... 33
Price Indexes for Gross Domestic Product................................................................................................................... 33
Gross Domestic Product............................................................................................................................................. ... 34
Real Gross Domestic Product, Chained Dollars....................................................................................................... ... 34
Percent Change From Preceding Period in Prices for Gross Domestic Product.................................................... ... 35
Contributions to Percent Change in the Gross Domestic Product Price Index..................................................... ... 35
Implicit Price Deflators for Gross Domestic Product.............................................................................................. ... 36
Percentage Shares of Gross Domestic Product............................................................................................................. 36
Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product............... ... 37
Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product.............................. 37
Real Gross Domestic Product by Major Type of Product, Quantity Indexes........................................................ ... 38
Price Indexes for Gross Domestic Product by Major Type of Product...................................................................... 38
Gross Domestic Product by Major Type of Product................................................................................................ ... 39
Real Gross Domestic Product by Major Type of Product, Chained Dollars.............................................................. 39
Percent Change From Preceding Period in Real Gross Value Added by Sector..................................................... ... 40
Real Gross Value Added by Sector, Quantity Indexes.............................................................................................. ... 40
Price Indexes for Gross Value Added by Sector........................................................................................................ ... 40
Gross Value Added by Sector...................................................................................................................................... ... 41
Real Gross Value Added by Sector, Chained Dollars................................................................................................ ... 41
A u gu st 2 0 0 8
1.4.1.
1.4.3.
1.4.4.
1.4.5.
1.4.6.
1.5.1.
1.5.2.
1.5.3.
1.5.4.
1.5.5.
1.5.6.
1.6.4.
1.6.7.
1.6.8.
1.7.1.
1.7.3.
1.7.4.
1.7.5.
1.7.6.
1.8.3.
1.8.6.
1.9.3.
1.9.4.
1.9.5.
1.9.6.
1.10.
1.11.
1.12.
1.13.
1.14.
1.15.
1.16.
Survey
of
C u r r e n t B u s in e s s
25
Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases, and
Real Final Sales to Domestic Purchasers
...41
Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers,
Quantity Indexes
.. 42
Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers 42
Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers
...42
Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic
Purchasers, Chained Dollars
...42
Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail
.. 43
Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail
.. 44
Real Gross Domestic Product, Expanded Detail, Quantity Indexes
.. 45
Price Indexes for Gross Domestic Product, Expanded Detail
..46
..47
Gross Domestic Product, Expanded Detail
Real Gross Domestic Product, Expanded Detail, Chained Dollars
..48
Price Indexes for Gross Domestic Purchases............................................................................................................. ..49
Percent Change From Preceding Period in Prices for Gross Domestic Purchases
..50
Contributions to Percent Change in the Gross Domestic Purchases Price Index
..51
Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross National Product, and
Real Net National Product.............................................................................................................................................52
Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes 52
Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product
..52
Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and
Personal Income
..53
Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product,
Chained Dollars........................................................................................................................................................... ..54
Command-Basis Real Gross National Product, Quantity Indexes
..54
Command-Basis Real Gross National Product, Chained Dollars
..54
Real Net Value Added by Sector, Quantity Indexes
..55
Price Indexes for Net Value Added by Sector
..55
Net Value Added by Sector
..55
Real Net Value Added by Sector, Chained Dollars
..55
Gross Domestic Income by Type of Incom e
..56
..56
Percentage Shares of Gross Domestic Income
National Income by Type of Incom e
..57
National Income by Sector, Legal Form of Organization, and Type of Income
..58
Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of
Nonfinancial Domestic Corporate Business in Current and Chained Dollars
..59
Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business......60
Sources and Uses of Private Enterprise Income
..60
2. Personal Income and Outlays
2.1.
2.2B.
2.3.1.
2.3.2.
2.3.3.
2.3.4.
2.3.5.
Personal Income and Its Disposition
Wage and Salary Disbursements by Industry
Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of
Product
Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product
Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes
Price Indexes for Personal Consumption Expenditures by Major Type of Product
Personal Consumption Expenditures by Major Type of Product
..61
..62
..62
..63
..63
..64
..64
26
2.3.6.
2.4.3.
2.4.4.
2.4.5.
2.4.6.
2.5.3.
2.5.4.
2.5.5.
2.5.6.
2.6.
2.7B.
2.8.1.
2.8.3.
2.8.4.
2.8.5.
2.8.6.
2.9.
National Income and Product Accounts Tables
August 2008
Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars
...65
Real Personal Consumption Expenditures by Type of Product, Quantity Indexes
...66
Price Indexes for Personal Consumption Expenditures by Type of Product
...67
Personal Consumption Expenditures by Type of Product
...68
Real Personal Consumption Expenditures by Type of Product, Chained Dollars
...69
Real Personal Consumption Expenditures by Type of Expenditure, Quantity Indexes
...70
Price Indexes for Personal Consumption Expenditures by Type of Expenditure
...71
Personal Consumption Expenditures by Type of Expenditure
...72
Real Personal Consumption Expenditures by Type of Expenditure, Chained Dollars
...73
Personal Income and Its Disposition, Monthly
...74
Wage and Salary Disbursements by Industry, Monthly
...77
Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of
Product, Monthly
...78
Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes
...79
Price Indexes for Personal Consumption Expenditures by Major Type of Product, M onthly
...80
Personal Consumption Expenditures by Major Type of Product, Monthly
...81
Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars
...82
Personal Income and Its Disposition by Households and by Nonprofit Institutions Serving Households......... ...*
3. Government Current Receipts and Expenditures
3.1.
3.2.
3.3.
3.4.
3.5.
3.6.
3.7.
3.8.
3.9.1.
3.9.2.
3.9.3.
3.9.4.
3.9.5.
3.9.6.
3.10.1.
3.10.3.
3.10.4.
3.10.5.
3.10.6.
3.11.1.
3.11.3.
3.11.4.
3.11.5.
3.11.6.
Government Current Receipts and Expenditures
Federal Government Current Receipts and Expenditures
State and Local Government Current Receipts and Expenditures
Personal Current Tax Receipts
Taxes on Production and Im ports
Contributions for Government Social Insurance
Government Current Transfer Receipts
Current Surplus of Government Enterprises
Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross
Investment
Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment
Real Government Consumption Expenditures and Gross Investment, Quantity Indexes
Price Indexes for Government Consumption Expenditures and Gross Investment
Government Consumption Expenditures and Gross Investment
Real Government Consumption Expenditures and Gross Investment, Chained Dollars
Percent Change From Preceding Period in Real Government Consumption Expenditures and General
Government Gross O u tp u t
Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes
Price Indexes for Government Consumption Expenditures and General Government Gross O utput
Government Consumption Expenditures and General Government Gross Output
Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars
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
Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type
National Defense Consumption Expenditures and Gross Investment by Type
Real National Defense Consumption Expenditures and Gross Investment by Type, Chained Dollars
* This table is scheduled to be published in an upcom ing issue. Please see the introduction.
.. 83
.. 84
...85
.. 86
.. 86
.. 86
...87
...87
...87
...88
...88
...89
...89
...90
...91
...92
...93
...94
...95
...96
...97
...98
...99
100
August 2008
3.12.
3.13.
3.14.
3.15.1.
3.15.2.
3.15.3.
3.15.4.
3.15.5.
3.15.6.
3.16.
3.17.
Su r v e y
of
C u r r e n t B u s in e s s
Government Social Benefits..........................................................................
Subsidies..........................................................................................................
Government Social Insurance Funds Current Receipts and Expenditures.
Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross
Investment by Function...............................................................................................................................................
Contributions to Percent Change From Preceding Period in Real Government Consumption Expenditures
and Gross Investment by Function............................................................................................................................
Real Government Consumption Expenditures and Gross Investment by Function, Quantity Indexes..............
Price Indexes for Government Consumption Expenditures and Gross Investment by Function........................
Government Consumption Expenditures and Gross Investment by Function......................................................
Real Government Consumption Expenditures and Gross Investment by Function, Chained Dollars...............
Government Current Expenditures by Function......................................................................................................
Selected Government Current and Capital Expenditures by Function..................................................................
3.18B. Relation of Federal Government Current Receipts and Expenditures in the National Income and Product
Accounts to the Budget, Fiscal Years and Quarters...................................................................................................
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..................................................
3.20. State Government Current Receipts and Expenditures............................................................................................
3.21. Local Government Current Receipts and Expenditures...........................................................................................
27
101
101
101
*
*
*
*
*
*
*
*
*
*
*
*
4. Foreign Transactions
4.1.
4.2.1.
4.2.2.
4.2.3.
4.2.4.
4.2.5.
4.2.6.
4.3B.
Foreign Transactions in the National Income and Product Accounts....................................................................
Percent Change From Preceding Period in Real Exports and in Real Imports of Goods and Services by Type of
Product..........................................................................................................................................................................
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.....................................
Price Indexes for Exports and Imports of Goods and Services by Type of Product...............................................
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......................................
Relation of Foreign Transactions in the National Income and Product Accounts to the Corresponding Items
in the International Transactions Accounts..............................................................................................................
102
103
104
105
106
107
108
109
5. Saving and Investment
5.1.
5.2.3.
5.2.5.
5.2.6.
5.3.1.
5.3.2.
5.3.3.
5.3.4.
5.3.5.
5.3.6.
5.4.IB.
5.4.2B.
5.4.3B.
5.4.4B.
Saving and Investment........................................................................................................................
Real Gross and Net Domestic Investment by Major Type, Quantity Indexes................................
Gross and Net Domestic Investment by Major Type........................................................................
Real Gross and Net Domestic Investment by Major Type, Chained Dollars..................................
Percent Change From Preceding Period in Real Private Fixed Investment by Type.....................
Contributions to Percent Change in Real Private Fixed Investment by Type.................................
Real Private Fixed Investment by Type, Quantity Indexes...............................................................
Price Indexes for Private Fixed Investment by Type.........................................................................
Private Fixed Investment by Type......................................................................................................
Real Private Fixed Investment by Type, Chained Dollars.................................................................
Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type
Contributions to Percent Change in Real Private Fixed Investment in Structures by Type.........
Real Private Fixed Investment in Structures by Type, Quantity Indexes........................................
Price Indexes for Private Fixed Investment in Structures by Type..................................................
* This table is scheduled to be published in an upcom ing issue. Please see the introduction.
110
111
111
112
113
114
115
116
117
118
119
119
120
120
28
5.4.5B.
5.4.6B.
5.5.1.
5.5.2.
5.5.3.
National Income and Product Accounts Tables
August 2008
Private Fixed Investment in Structures by Type.........................................................................................................
Real Private Fixed Investment in Structures by Type, Chained Dollars...................................................................
Percent Change From Preceding Period in Real Private Fixed Investment in Equipment and Software by Type
Contributions to Percent Change in Real Private Fixed Investment in Equipment and Software by Type.........
Real Private Fixed Investment in Equipment and Software by Type, Quantity Indexes........................................
5.5.4. Price Indexes for Private Fixed Investment in Equipment and Software by Type..................................................
5.5.5. Private Fixed Investment in Equipment and Software by Type...............................................................................
5.5.6. Real Private Fixed Investment in Equipment and Software by Type, Chained Dollars.........................................
5.6.5B. Change in Private Inventories by Industry.................................................................................................................
5.6.6B. Real Change in Private Inventories by Industry, Chained Dollars...........................................................................
5.7.5B. Private Inventories and Domestic Final Sales by Industry.......................................................................................
5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars..........................................
5.7.9B. Implicit Price Deflators for Private Inventories by Industry.....................................................................................
5.8.3B. Real Gross Government Fixed Investment by Type, Quantity Indexes....................................................................
5.8.4B. Price Indexes for Gross Government Fixed Investment by Type.............................................................................
5.8.5B. Gross Government Fixed Investment by Type...........................................................................................................
5.8.6B. Real Gross Government Fixed Investment by Type, Chained Dollars.....................................................................
5.9.
Changes in Net Stock of Produced Assets (Fixed Assets and Inventories).............................................................
5.10. Capital Transfers (Net)................................................................................................................................................
121
121
122
122
122
122
123
123
124
124
125
126
126
127
127
128
128
*
129
6. In c o m e a n d E m p lo y m e n t b y I n d u s tr y
6.ID.
6.2D.
6.3D.
6.4D.
6.5D.
6.6D.
6.7D.
6.8D.
6.9D.
6.10D.
6.1 ID.
6.12D.
6.13D.
6.14D.
6.15D.
6.16D.
6.17D.
6.18D.
6.19D.
6.20D.
6.21D.
6.22D.
National Income Without Capital Consumption Adjustment by Industry............................................................
Compensation of Employees by Industry..................................................................................................................
Wage and Salary Accruals by Industry........................................................................................................................
Full-Time and Part-Time Employees by Industry.....................................................................................................
Full-Time Equivalent Employees by Industry............................................................................................................
Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry..........................................................
Self-Employed Persons by Industry.............................................................................................................................
Persons Engaged in Production 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..........................
Nonfarm Proprietors’ Income by Industry................................................................................................................
Noncorporate Capital Consumption Allowances by Industry..................................................................................
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry...........
Net Interest by Industry................................................................................................................................................
Corporate Profits by Industry......................................................................................................................................
Corporate Profits Before Tax by Industry...................................................................................................................
Taxes on Corporate Income by Industry.....................................................................................................................
Corporate Profits After Tax by Industry......................................................................................................................
Net Corporate Dividend Payments by Industry........................................................................................................
Undistributed Corporate Profits by Industry..............................................................................................................
Corporate Capital Consumption Allowances by Industry........................................................................................
* This table is scheduled to be published in an upcom ing issue. Please see the introduction.
130
131
132
133
134
135
136
137
138
138
139
139
139
140
140
140
141
142
143
144
145
146
August 2008
Su r v e y
of
C u r r e n t B u s in e s s
29
7. S u p p le m e n ta l T ables
7.1.
Selected Per Capita Product and Income Series in Current and Chained Dollars................................................. .147
7.2. IB. Percent Change From Preceding Period in Real Motor Vehicle O utput................................................................. .147
7.2.3B. Real Motor Vehicle Output, Quantity Indexes.......................................................................................................... .148
7.2.4B.
7.2.5B.
7.2.6B.
7.3.5.
7.3.6.
7.4.5.
7.4.6.
7.5.
7.6.
7.7.
7.8.
7.9.
7.10.
7.11.
7.12.
7.13.
7.14.
7.15.
7.16.
7.17.
7.18.
7.19.
7.20.
Price Indexes for Motor Vehicle Output................................................................................................................... .. 149
Motor Vehicle Output.................................................................................................................................................. .150
Real Motor Vehicle Output, Chained Dollars........................................................................................................... .151
Farm Sector Output, Gross Value Added, and Net Value Added..............................................................................152
Real Farm Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars........................152
Housing Sector Output, Gross Value Added, and Net Value Added.........................................................................152
Real Housing Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars................ .152
Consumption of Fixed Capital by Legal Form of Organization and Type of Incom e............................................153
Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment...............................153
Business Current Transfer Payments by Type........................................................................................................... .153
Supplements to Wages and Salaries by Type............................................................................................................. .153
Rental Income of Persons by Legal Form of Organization and by Type of Income................................................154
Dividends Paid and Received by Sector..................................................................................................................... .154
Interest Paid and Received by Sector and Legal Form of Organization.................................................................. .155
Imputations in the National Income and Product Accounts....................................................................................156
Relation of Consumption of Fixed Capital in the National Income and Product Accounts to Depreciation and
Amortization as Published by the Internal Revenue Service
.158
Relation of Nonfarm Proprietors’ Income in the National Income and Product Accounts to Corresponding
.158
Measures as Published by the Internal Revenue Service
Relation of Net Farm Income in the National Income and Product Accounts to Net Farm Income as
Published by the U.S. Department of Agriculture
.*
Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to
.159
Corresponding Measures as Published by the Internal Revenue Service
Relation of Monetary Interest Paid and Received in the National Income and Product Accounts to
Corresponding Measures as Published by the Internal Revenue Service
.160
Relation of Wages and Salaries in the National Income and Product Accounts to Wages and Salaries as
Published by the Bureau of Labor Statistics
.160
Comparison of Personal Income in the National Income and Product Accounts with Adjusted Gross Income
as Published by the Internal Revenue Service............................................................................................................f
Comparison of Income and Outlays of Nonprofit Institutions Serving Households with Revenue and
Expenses as Published by the Internal Revenue Service
..*
8. S e a so n a lly U n a d ju s te d E stim a te s
8.1.
8.2.
8.3.
8.4.
8.5.
8.6.
Gross Domestic Product, Not Seasonally Adjusted.................................................................................................. .f
Personal Consumption Expenditures by Major Type of Product, Not Seasonally Adjusted.................................."f
Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted............................................. .*
State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted.................................*
Foreign Transactions in the National Income and Product Accounts, Not Seasonally Adjusted...........................f
Corporate Profits with Inventory Valuation Adjustment, Not Seasonally Adjusted.............................................. .f
* This table is scheduled to be published in an upcoming issue. Please see the introduction.
f The revision and the publication of the estimates in these tables have been suspended because of budget constraints,
but estimates through 2004 will continue to be available on BEA’s Web site.
30
August 2008
Table A. Summary National Income and Product Accounts, 2007
[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 (4-1 6 ).....................................................................
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).............................................................................
7,819.4
6,362.8
6,369.0
-6.3
1,456.6
1,015.5
52.3
3,386.0
3,393.9
-7.9
1,720.5
12 Gross domestic incom e..............................................................................................
13,889.0
13 Statistical discrepancy (6 -1 9 ).......................................................................................
-81.4
14 GROSS DOMESTIC PRODUCT..................................................................................
13,807.5
Personal consumption expenditures (3 - 3 ) .................................................................
Durable g oods............................................................................................................
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 and 6 -3 )......
Federal.........................................................................................................................
National defense....................................................................................................
Nondefense............................................................................................................
State and local............................................................................................................
9,710.2
1,082.8
2,833.0
5,794.4
2,130.4
2,134.0
1,503.8
480.3
1,023.5
630.2
-3.6
-707.8
1,662.4
2,370.2
2,674.8
979.3
662.2
317.1
1,695.5
34 GROSS DOMESTIC PRODUCT.................................................................................
13,807.5
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Account 2. Private Enterprise Income Account
Line
Line
1 Income payments on assets..........................................................................................
2
Interest and miscellaneous payments (3-20 and 4 -2 1 )......................................
Dividend payments to the rest of the world (5-14)................................................
3
4
Reinvested earnings on foreign direct investment in the United States (5-15)
5 Business current transfer payments (net)...................................................................
6 To persons (net) (3-2 4 )..............................................................................................
7 To government (net) (4-24).......................................................................................
8 To the rest of the world (net) (5-1 9 )........................................................................
9 Proprietors’ income with inventory valuation and capital consumption
adjustments (3 -1 7 )....................................................................................................
10 Rental income of persons with capital consumption adjustment (3 -1 8 )................
11 Corporate profits with inventory valuation and capital consumption adjustments
12
Taxes on corporate income.......................................................................................
To government (4 -1 7 )...........................................................................................
13
14
To the rest of the world (5 -1 9 ).............................................................................
15
Profits after tax with inventory valuation and capital consumption adjustments
Net dividends (3-21 and 4 -2 2 )............................................................................
16
17
Undistributed corporate profits with inventory valuation and capital
consumption adjustments (6-1 0 )....................................................................
3,769.6
3,605.0
95.6
68.9
100.2
31.9
61.4
6.9
18 USES OF PRIVATE ENTERPRISE INCOM E............................................................
6,608.5
19 Net operating surplus (1 -9 )..........................................................................................
20 Income receipts on assets............................................................................................
21
Interest (3 -2 0 )............................................................................................................
22
Dividend receipts from the rest of the world (5 -6 )................................................
23
Reinvested earnings on U.S. direct investment abroad (5-7)..............................
3,393.9
3,214.6
2,705.4
213.2
296.0
24 SOURCES OF PRIVATE ENTERPRISE INCOME...................................................
6,608.5
1,056.2
40.0
1,642.4
450.4
426.3
24.1
1,192.0
788.7
403.4
Account 3. Personal Income and Outlay Account
Line
Line
1 Personal current taxes (4 -1 5 ).......................................................................................
2 Personal outlays....................................
3
Personal consumption expenditures (1-1 5 )...........................................................
4
Personal interest payments (3 -2 0 )..........................................................................
5
Personal current transfer payments
6
To government (4-2 5 ).................
/
To the rest of the world (net) (5-1 7 )....................................................................
1,492.8
10,113.1
9,710.2
265.4
137.5
81.2
56.3
8 Personal saving (6 -9 )....................................................................................................
57.4
9 PERSONAL TAXES, OUTLAYS, AND SAVING........................................................
11,663.2
10 Compensation of employees, received.......................................................................
11
Wage and salary disbursements.............................................................................
12
Domestic (1-3 less 5—
11).
Rest of the world (5 -3 ).........................................................................................
13
14
Supplements to wages and salaries (1 -5 )............................................................
15
Employer contributions for employee pension and insurance funds..............
16
Employer contributions for government social insurance.................................
17 Proprietors’ income with inventory valuation and capital consumption
adjustments (2 -9 )......................................................................................................
18 Rental income of persons with capital consumption adjustment (2-10)................
Personal income receipts on assets............................................................................
19
20
Personal interest income (2-2 and 3-4 and 4 -7 and 5-5 less 2-21 less 4-21
less 5 -1 3 )...............................................................................................................
21
Personal dividend income (2-16 less 4 -2 2 )..........................................................
22 Personal current transfer receipts................................................................................
23
Government social benefits (4-4 )............................................................................
24
From business (net) (2-6 ).........................................................................................
25 Less: Contributions for government social insurance (4-19)...................................
7,818.6
6,362.0
6,359.0
3.0
1,456.6
991.9
464.7
26 PERSONAL INCO M E...................................................................................................
11,663.2
1,056.2
40.0
2,000.1
1,214.3
785.8
1,713.3
1,681.4
31.9
965.1
August 2008
S u r v e y o f C u r r e n t B u s in e s s
31
Account 4. Government Receipts and Expenditures Account
Line
1
2
3
4
b
6
/
8
9
10
11
12
Line
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...............
2,212.0
1,721.3
1,685.0
1,681.4
3.6
36.3
411.1
52.3
0.0
-218.9
-229.3
10.4
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 -2 0 )............................................
Dividends (3 -2 1 )......................................................
Current transfer receipts..............................................
From business (net) (2 -7 )......................................
From persons (3 -6 ).................................................
Current surplus of government enterprises (1-10)...
2,948.5
1,492.8
1,015.5
426.3
14.0
965.1
129.5
126.6
2.8
142.6
61.4
81.2
-7.9
13 GOVERNMENT CURRENT EXPENDITURES AND NET SAVING........................
4,177.8
27 GOVERNMENT CURRENT RECEIPTS....................................................................
4,177.8
Account 5. Foreign Transactions Current Account
Line
Line
1 Exports of goods and services (1 -2 7 )........................................................................
2 Income receipts from the rest of the world..................................................................
3
Wage and salary receipts (3-13)
4
Income receipts on assets.........
Interest (3-20).........................
5
6
Dividends (2-2 2 )...................................................................................................
7
Reinvested earnings on U.S. direct investment abroad (2-2 3 ).......................
1,662.4
861.7
3.0
858.8
349.6
213.2
296.0
8 CURRENT RECEIPTS FROM THE REST OF THE WORLD..................................
2,524.1
9
2,370.2
10 Income payments to the rest of the world...................................................................
759.3
11
Wage and salary payments (1 -3 )............................................................................
10.0
12
Income payments on assets.....................................................................................
749.3
13
Interest (3 -2 0 )...............
584.8
14
Dividends (2 -3 ).....................................................................................................
95.6
Reinvested earnings on foreign direct investment in the United States (2-4)
68.9
15
16 Current taxes and transfer payments to the rest of the world (net).........................
113.2
17
From persons (net) (3-7 )..........................................................................................
56.3
From government (net) (4-5 and 4 -6 less 4 -1 8 )..................................................
25.9
18
31.0
From business (net) (2-8 and 2 -1 4 )......................................................................
19
20 Balance on current account, national income and product accounts (7 -1 )...........
-718.6
21 CURRENT PAYMENTS TO THE REST OF THE WORLD AND BALANCE ON
CURRENT ACCOUNT.............................................................................................
2,524.1
Account 6. Domestic Capital Account
Line
Line
1 Gross domestic investment...........................................................................................
2
Private fixed investment (1-20)..
3
Government fixed investment (1 -2 9 )......................................................................
4
Change in private inventories (1-2 5 )......................................................................
b Capital account transactions (net) (7 -2 ).....................................................................
6 Net lending or net borrowing (-), national income and product accounts (7-3)....
2,593.2
2,134.0
462.8
-3.6
1.8
-720.4
7 GROSS DOMESTIC INVESTMENT, CAPITAL ACCOUNT TRANSACTIONS,
AND NET LENDING.................................................................................................
8 Net saving........................................................................................................................
9
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 -1 0 )................................................................................
13 Plus: Consumption of fixed capital (1 -1 1 )..................................................................
14
Private..........................................................................................................................
15
Government........................
16
General government.....
17
Government enterprises
18 Equals: Gross saving.............
19 Statistical discrepancy (1-13)
403.4
-6.3
-218.9
1,720.5
1,431.1
289.4
241.4
48.0
1,956.0
-81.4
1,874.6
20 GROSS SAVING AND STATISTICAL DISCREPANCY...........................................
1,874.6
235.6
57.4
Account 7. Foreign Transactions Capital Account
Line
Line
2 Capital account transactions (net) (6 -5 ).....................................................................
3 Net lending or net borrowing (-), national income and product accounts (6-6)....
1 BALANCE ON CURRENT ACCOUNT, NATIONAL INCOME AND PRODUCT
ACCOUNTS (5 -2 0 )..................................................................................................
-718.6
1.8
-720.4
4 CAPITAL ACCOUNT TRANSACTIONS (NET) AND NET LENDING, NATIONAL
INCOME AND PRODUCT ACCOUNTS................................................................
-718.6
N o te . 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 account 3,
line 14.
August 2008
32
1. D o m e s tic P r o d u c t a n d In c o m e
Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods...........................
Nondurable goods.....................
S ervices.....................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
Exports.......................................
Goods.....................................
Services.................................
Im ports........................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local............................
2006
2005
I
IV
III
II
IV
I
II
2007
III
IV
I
II
2008
III
IV
II
I
1
3.6
2.9
2.8
2.0
2.5
3.0
2.6
3.8
1.3
4.8
2.7
0.8
1.5
0.1
4.8
4.8
-0.2
0.9
1.9
2
3
4
5
3.6
6.3
3.5
3.2
3.0
4.6
3.4
2.6
3.0
4.5
3.7
2.5
2.8
4.8
2.5
2.6
4.2
7.0
4.9
3.4
1.7
0.6
2.4
1.7
3.6
12.1
4.2
1.7
3.7
5.4
3.0
3.8
1.4
-11.7
4.7
2.5
4.3
18.9
4.4
1.6
2.8
1.8
3.1
2.8
2.2
3.5
2.3
2.0
3.7
4.2
3.1
3.9
3.9
9.2
3.5
3.1
2.0
5.0
1.9
1.4
2.0
2.3
1.2
2.4
1.0
0.4
0.3
1.4
0.9
-4.3
-0.4
2.4
1.5
-3.0
4.0
1.1
6
7
8
9
10
11
12
9.7
7.3
5.8
1.3
7.4
10.0
5.8
6.8
7.2
1.3
9.3
6.3
2.1
1.9
7.5
8.2
7.2
-7.1
-5.4
-3.1
4.9
12.7
1.7
-17.9
6.4
7.3
10.3
-0.2
14.3
2.4
9.1
5.3
3.7
7.5
2.3
8.1
-5.1
7.6
6.3
-1.3
9.2
9.7
4.0
5.3
6.1
-9.2
12.2
4.0
12.2
2.3
3.7
1.9
4.4
0.2
6.2
8.3
15.9
15.6
16.3
-3.6
-0.4
-2.5
6.4
19.7
1.7
-16.6
-5.3
-4.8
5.3
14.3
2.0
-21.4
-15.0
-7.6
-1.0
2.5
-2.4
-19.5
-9.6
-3.4
3.4
11.2
0.0
-16.2
6.2
3.0
10.3
18.3
6.9
-11.5
3.5
-0.9
8.7
20.5
3.6
-20.6
-11.9
-6.2
3.4
8.5
1.0
-27.0
-5.8
-5.6
2.4
8.6
-0.6
-25.1
-14.8
-2.4
2.3
14.4
-3.4
-15.6
13
14
15
16
17
18
19
9.7
9.0
11.5
11.3
11.3
11.5
7.0
7.7
5.6
5.9
6.8
1.4
9.1
9.9
7.2
6.0
6.0
6.0
8.4
7.5
10.5
2.2
1.7
4.4
i 0.0
7.2
16.8
13.8
14.5
10.5
8.1
7.1
10.2
3.2
5.0
-5.7
8.8
14.5
-2.8
0.6
0.7
0.0
0.4
-0.8
3.2
0.8
1.1
-1.0
10.9
13.2
5.7
15.3
17.0
6.8
16.7
18.1
13.4
10.3
9.0
17.7
5.5
6.7
2.7
0.1
0.5
-2.0
3.5
3.6
3.2
3.1
3.8
-0.3
15.6
10.4
28.6
2.0
-0.8
18.4
0.6
2.1
-2.7
7.7
8.4
4.2
8.8
6.9
13.3
-3.7
-4.0
-2.0
23.0
21.8
25.9
3.0
2.4
6.3
4.4
5.1
2.7
-2.3
-2.6
-0.9
5.1
4.5
6.4
-0.8
-2.0
5.5
9.2
11.9
3.5
-6.6
-6.3
-8.4
20
21
22
23
24
1.4
4.2
5.8
1.1
-0.2
0.4
1.2
1.5
0.6
-0.1
1.7
2.3
1.6
3.6
1.3
2.1
1.6
2.5
-0.2
2.3
-1.8
-4.6
-9.7
6.5
-0.1
-0.2
1.1
3.1
-2.7
-1.0
0.9
1.1
4.0
-4.5
0.8
3.4
9.7
12.3
4.4
-0.1
-1.7
-7.2
-14.2
8.9
1.6
3.9
10.0
8.8
12.4
0.5
1.2
-1.5
1.9
-8.1
2.9
1.7
1.9
-0.9
7.7
1.6
1.6
1.8
7.0
-8.1
1.5
0.9
-3.6
-5.9
1.2
3.6
3.9
6.7
8.5
3.1
2.4
3.8
7.2
10.2
1.2
1.9
0.8
-0.5
-0.9
0.4
1.6
1.9
5.8
7.3
2.9
-0.3
3.4
6.7
7.3
5.3
1.6
III
IV
I
Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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.....................................
S ervices.................................
Im ports........................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal.......................................
National defense....................
Nondefense...........................
State and local............................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
II
1
3.6
2.9
2.8
2.0
2.5
3.0
2.6
3.8
1.3
4.8
2.7
0.8
1.5
0.1
4.8
4.8
-0.2
0.9
1.9
2
3
4
5
2.56
0.53
0.71
1.32
2.13
0.38
0.69
1.06
2.13
0.36
0.74
1.02
1.95
0.38
0.50
1.07
2.93
0.57
0.97
1.39
1.25
0.04
0.49
0.72
2.50
0.95
0.83
0.72
2.59
0.44
0.59
1.55
0.94
-1.02
0.93
1.02
2.86
1.37
0.85
0.64
1.88
0.14
0.62
1.12
1.52
0.27
0.46
0.79
2.55
0.33
0.62
1.61
2.71
0.71
0.71
1.29
1.42
0.40
0.40
0.62
1.44
0.19
0.25
1.00
0.67
0.03
0.05
0.59
0.61
-0.33
-0.08
1.02
1.08
-0.23
0.83
0.47
6
7
8
9
10
11
12
1.48
1.10
0.56
0.03
0.53
0.53
0.39
0.95
1.08
0.71
0.03
0.67
0.37
-0.13
0.35
0.32
0.77
0.23
0.54
-0.45
0.03
-0.90
-0.50
0.52
0.40
0.13
-1.02
-0.40
1.04
1.14
1.00
0.00
1.01
0.14
-0.11
1.48
0.85
0.37
0.19
0.18
0.48
0.63
-0.86
1.21
0.64
-0.04
0.68
0.57
-2.07
0.69
0.88
0.64
-0.26
0.90
0.25
-0.19
1.98
0.41
0.40
0.05
0.35
0.01
1.56
1.15
1.39
1.62
0.42
1.20
-0.23
-0.24
-0.02
-0.40
0.71
0.54
0.16
-1.11
0.38
-0.92
-0.81
0.59
0.42
0.17
-1.40
-0.11
-2.68
-1.27
-0.09
0.08
-0.18
-1.18
-1.41
-1.63
-0.57
0.33
0.35
-0.02
-0.91
-1.06
0.94
0.47
1.07
0.57
0.50
-0.60
0.47
0.54
-0.15
0.91
0.65
0.26
-1.06
0.69
-1.93
-0.97
0.36
0.29
0.07
-1.33
-0.96
-0.89
-0.86
0.26
0.30
-0.04
-1.12
-0.02
-2.28
-0.36
0.25
0.51
-0.25
-0.62
-1.92
13
14
15
16
17
18
19
-0.68
0.93
0.60
0.33
-1.61
-1.33
-0.27
-0.21
0.71
0.54
0.17
-0.93
-0.89
-0.04
-0.02
0.96
0.73
0.23
-0.98
-0.82
-0.16
0.58
0.95
0.59
0.36
-0.37
-0.25
-0.12
-1.07
0.97
0.49
0.49
-2.04
-1.78
-0.26
0.28
0.80
0.49
0.31
-0.52
-0.67
0.15
0.79
0.89
0.98
-0.09
-0.10
-0.10
0.00
-0.07
0.04
-0.06
0.10
-0.11
-0.14
0.03
-1.26
1.09
0.91
0.18
-2.35
-2.18
-0.17
0.09
1.70
1.27
0.42
-1.61
-1.18
-0.43
0.59
0.58
0.49
0.09
0.01
-0.04
0.05
-0.12
0.39
0.28
0.11
-0.51
-0.51
0.01
1.33
1.66
0.78
0.87
-0.33
0.13
-0.46
-1.20
0.06
0.15
-0.09
-1.25
-1.14
-0.11
1.66
1.01
0.55
0.46
0.65
0.59
0.06
2.03
2.54
1.66
0.88
-0.51
-0.34
-0.17
0.94
0.53
0.43
0.10
0.40
0.38
0.02
0.77
0.63
0.39
0.24
0.14
0.29
-0.15
2.42
1.16
1.02
0.14
1.26
1.00
0.26
20
21
22
23
24
0.27
0.29
0.27
0.03
-0.02
0.07
0.09
0.07
0.01
-0.01
0.32
0.16
0.08
0.08
0.16
0.40
0.11
0.12
0.00
0.28
-0.35
-0.33
-0.48
0.15
-0.01
-0.04
0.08
0.14
-0.07
-0.12
0.17
0.08
0.18
-0.11
0.10
0.65
0.66
0.56
0.10
-0.01
-0.34
-0.53
-0.73
0.20
0.19
0.72
0.66
0.39
0.27
0.06
0.23
-0.11
0.09
-0.20
0.34
0.32
0.13
-0.04
0.17
0.19
0.30
0.12
0.32
-0.20
0.18
0.17
-0.26
-0.29
0.03
0.43
0.77
0.47
0.40
0.07
0.30
0.75
0.51
0.48
0.03
0.24
0.16
-0.04
-0.04
0.01
0.19
0.38
0.41
0.34
0.06
-0.03
0.67
0.48
0.36
0.12
0.20
Su r v e y
August 2008
of
C u r r e n t B u s in e s s
33
Table 1.1.3. Real Gross Domestic Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
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.....................................
S ervices.................................
Im ports.......................................
Goods.....................................
Services.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense...................
Nondefense............................
State and local...........................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 108.748 111.944 115.054 117.388 109.977 110.786 111.502 112.560 112.928 114.264 115.022 115.250 115.681 115.696 117.056 118.425 118.374 118.631 119.188
2
3
4
5
112.197
125.652
111.833
109.726
115.615
131.397
115.687
112.525
113.724
128.580
113.369
111.003
114.217
128.761
114.043
111.465
115.239
132.478
115.225
111.946
116.303
134.236
116.068
112.995
116.701
130.112
117.412
113.696
117.925
135.877
118.670
114.149
118.737
136.485
119.590
114.938
119.393
137.652
120.275
115.495
120.485
139.081
121.187
116.612
121.631
142.162
122.232
117.494
122.226
143.894
122.815
117.916
122.838
144.720
123.182
118.605
123.130
144.856
123.261
119,020
123.395
143.284
123.147
119.739
123.862
142.204
124.369
120.071
6 102.003 107.953 110.200 104.278 105.377
7 102.012 108.984 111.109 107.717 105.287
8 92.873 99.520 106.987 112.244 96.558
9 78.760 79.747 86.318 97.264 79.371
10 98.505 107.695 115.467 117.412 103.519
11 125.343 133.226 123.728 101.534 127.747
1?
107.702
106.643
97.429
80.813
104.100
130.259
106.298
108.608
98.935
80.545
106.425
133.311
107.337
110.022
100.407
78.627
109.536
134.634
110.477
110.661
101.311
79.001
110.717
134.700
112.150
112.880
105.125
81.910
114.985
133.477
112.032
112.156
106.766
85.668
115.484
127.572
110.504
110.779
108.164
88.574
116.049
120.102
106.115
108.621
107.893
89.121
115.349
113.763
103.483
107.674
108.794
91.526
115.360
108.831
105.040
108.475
111.502
95.447
117.302
105.552
105.950
108.218
113.863
100.005
118.348
99.644
102.639
106.503
114.819
102.076
118.636
92.110
101.110
104.969
115.504
104.206
118.470
85.698
97.148
104.323
116.172
107.773
117.442
82.144
119.135
137.274
119.930
115.298
122.456
143.908
122.872
118.259
VA
14
15
16
17
18
19
102.723
100.011
109.451
116.546
117.173
113.589
109.942
107.698
115.535
123.455
125.164
115.216
119.937
118.407
123.826
130.815
132.613
122.153
130.068
127.335
136.868
133.654
134.921
127.581
105.385
102.503
112.529
121.135
122.089
116.597
107.447
104.279
115.288
122.083
123.580
114.891
109.747
107.860
114.468
122.271
123.807
114.888
109.853
107.632
115.385
122.509
124.154
114.586
112.721
111.023
117.001
126.955
129.114
116.499
117.147
115.734
120.750
130.118
131.940
121.337
118.712
117.614
121.557
130.161
132.115
120.740
119.734
118.658
122.526
131.164
133.338
120.663
124.153
121.621
130.470
131.818
133.057
125.872
124.343
122.251
129.591
134.289
135.772
127.166
126.992
124.300
133.690
133.041
134.401
126.515
133.747
130.571
141.620
134.033
135.197
128.460
135.189
132.219
142.570
133.254
134.315
128.185
136.880
133.690
144.792
132.991
133.654
129.913
139.934
137.486
146.046
130.728
131.501
127.088
20
21
22
23
24
112.210
123.693
128.282
115.441
106.384
112.626
125.181
130.227
116.104
106.256
114.497
128.019
132.315
120.318
107.642
116.871
130.078
135.596
120.127
110.167
112.138
123.710
127.647
116.644
106.265
112.079
124.058
128.624
115.848
106.001
112.337
124.408
129.887
114.535
106.214
113.291
127.310
133.707
115.770
106.189
112.797
124.950
128.689
118.262
106.621
113.877
127.952
131.428
121.759
106.746
114.228
127.459
132.053
119.209
107.520
114.714
128.048
131.759
121.429
107.954
115.167
128.616
134.019
118.877
108.348
115.421
127.426
131.986
119.235
109.314
116.541
129.507
134.701
120.154
109.957
117.642
131.772
138.002
120.506
110.484
117.879
131.610
137.694
120.614
110.914
118.443
133.488
140.125
121.469
110.844
119.443
135.671
142.628
123.061
111.273
I
II
IV
I
Table 1.1.4. Price Indexes for Gross Domestic Product
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
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 ports.......................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal.......................................
National defense...................
Nondefense...........................
State and local...........................
2005
I
II
2006
III
IV
I
II
2007
III
IV
2008
III
II
1 109.462 113.039 116.676 119.819 110.677 111.778 112.357 113.487 114.536 115.536 116.317 117.109 117.742 118.935 119.531 119.984 120.826 121.613 121.933
2 108.392 111.581 114.675 117.659 109.521 110.187 110.881 112.168 113.089 113.581 114.499 115.381 115.239 116.202 117.246 117.969 119.221 120.283 121.530
3 90.696 89.984 88.772 87.154 90.454 90.547 90.343 89.629 89.417 89.208 89.027 88.726 88.126 87.717 87.365 86.938 86.598 86.581 86.237
4 107.626 111.606 114.984 118.407 109.153 109.554 110.100 113.057 113.712 113.794 115.155 116.412 114.578 116.025 117.830 118.682 121.092 123.059 125.034
5 112.929 116.700 120.752 124.712 114.198 115.140 116.139 117.088 118.433 119.313 120.285 121.279 122.130 123.200 124.218 125.179 126.253 127.133 128.418
6
7
8
9
10
11
1?
106.686
106.845
100.896
120.912
94.600
120.587
111.381
111.638
103.829
135.177
94.534
129.268
116.102
116.380
107.277
151.822
94.594
136.897
117.735
117.995
108.739
157.662
94.870
138.884
108.271
108.429
101.686
125.544
94.344
123.826
109.513
109.683
102.778
129.122
94.777
125.407
110.603
110.816
103.459
132.274
94.800
127.492
111.961
112.249
103.972
136.911
94.260
130.852
113.446
113.803
105.107
142.400
94.299
133.320
114.891
115.208
106.217
147.181
94.471
135.418
115.877
116.172
107.070
151.404
94.457
136.670
116.348
116.610
107.530
153.108
94.578
137.089
117.293
117.528
108.291
155.595
94.870
138.412
117.756
118.008
108.654
156.912
94.976
139.181
117.659
117.945
108.730
157.195
94.992
138.733
117.566
117.836
108.558
157.402
94.712
138.820
117.960
118.189
109.015
159.138
94.798
138.803
117.815
118.117
109.177
160.182
94.700
137.900
117.989
118.459
109.799
161.601
95.084
137.140
13
14
15
16
17
18
19
104.997
104.323
106.632
104.526
102.915
113.049
108.814
107.536
111.855
111.154
109.568
119.496
112.618
111.131
116.156
115.932
114.171
125.257
116.586
115.062
120.211
120.168
118.326
129.928
106.362
105.489
108.455
106.973
105.356
115.523
107.557
106.606
109.828
107.582
105.895
116.534
108.489
107.409
111.058
110.096
108.452
118.782
109.169
107.764
112.507
112.840
111.280
121.027
110.042
108.364
114.026
114.098
112.646
121.639
110.834
109.174
114.783
113.796
112.084
122.860
112.418
110.840
116.171
116.619
114.884
125.795
113.722
112.250
117.223
118.055
116.391
126.793
113.499
112.260
116.448
115.258
113.323
125.579
114.520
113.188
117.690
115.514
113.560
125.938
116.011
114.591
119.392
119.050
117.091
129.478
117.018
115.382
120.905
121.200
119.274
131.423
118.794
117.085
122.855
124.907
123.378
132.874
121.397
119.916
124.932
128.722
127.427
135.377
124.406
123.286
127.094
137.080
136.352
140.570
20
21
22
23
24
114.754
115.322
115.932
114.218
114.431
121.470
120.834
121.944
118.744
121.862
127.239
125.806
127.381
122.803
128.109
132.941
130.076
131.874
126.636
134.671
116.971
116.621
117.417
115.147
117.191
119.162
119.921
120.965
117.965
118.722
120.378
120.433
121.503
118.423
120.355
122.443
121.364
122.454
119.313
123.099
123.897
121.618
122.854
119.273
125.273
125.399
124.614
126.069
121.844
125.880
126.911
125.866
127.426
122.891
127.548
127.955
126.233
127.897
123.054
128.999
128.690
126.513
128.131
123.423
130.008
130.705
128.856
130.326
126.067
131.828
132.386
130.037
131.701
126.869
133.806
133.497
130.342
132.232
126.721
135.400
135.174
131.070
133.237
126.886
137.649
137.237
132.879
134.905
128.986
139.866
139.562
134.494
136.872
129.881
142.626
34
Domestic Product and Income
August 2008
Table 1.1.5. Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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.................................
S ervices............................
Im ports...................................
Goods.................................
S ervices............................
Government consumption
expenditures and gross
investment............................
Federal...................................
National defense...............
Nondefense.......................
State and local.......................
2005
II
I
2007
2006
III
I
IV
II
III
IV
I
II
2008
III
IV
I
II
1 11,685.9 12,421.9 13,178.4 13,807.5 11,948.5 12,155.4 12,297.5 12,538.2 12,696.4 12,959.6 13,134.1 13,249.6 13,370.1 13,510.9 13,737.5 13,950.6 14,031.2 14,150.8 14,256.5
2
3
4
5
8,195.9
983.9
2,343.7
4,868.3
8,694.1
1,020.8
2,514.1
5,159.2
9,207.2
1,052.1
2,685.2
5,469.9
9,710.2
1,082.8
2,833.0
5,794.4
8,393.3
1,004.1
2,409.3
4,979.9
8,480.9
1,006.6
2,432.4
5,041.9
8,610.8
1,033.3
2,469.9
5,107.6
8,791.1
1,038.7
2,554.8
5,197.6
8,893.7
1,004.4
2,599.4
5,289.9
9,026.3
1,046.5
2,629.3
5,350.5
9,161.9
1,049.1
2,681.5
5,431.3
9,283.7
1,054.4
2,726.3
5,502.9
9,357.0
1,058.2
2,703.8
5,595.0
9,524.9
1,076.6
2,761.5
5,686.8
9,657.5
1,085.3
2,817.7
5,754.4
9,765.6
1,086.2
2,846.6
5,832.8
9,892.7 10,002.3 10,144.3
1,083.0 1,071.0 1,058.7
2,906.2 2,950.7 3,027.8
5,903.5 5,980.6 6,057.7
6
7
8
9
10
11
12
1,888.6
1,830.0
1,154.5
298.2
856.3
675.5
58.6
2,086.1
2,042.8
1,273.1
337.6
935.5
769.6
43.3
2,220.4
2,171.1
1,414.1
410.4
1,003.7
757.0
49.3
2,130.4
2,134.0
1,503.8
480.3
1,023.5
630.2
-3.6
1,979.5
1,916.1
1,209.5
312.0
897.4
706.6
63.4
2,046.0
1,963.3
1,233.6
326.9
906.7
729.7
82.6
2,039.7
2,020.3
1,261.0
333.8
927.2
759.3
19.4
2,084.2
2,073.2
1,286.1
337.3
948.8
787.1
11.0
2,174.6
2,114.3
1,311.8
352.4
959.3
802.5
60.3
2,236.7
2,183.6
1,375.5
377.4
998.1
808.1
53.1
2,253.7
2,187.9
1,408.3
406.0
1,002.3
779.6
65.9
2,231.7
2,169.2
1,433.0
424.4
1,008.6
736.2
62.5
2,159.5
2,143.6
1,439.6
433.9
1,005.6
704.0
15.8
2,117.8
2,133.4
1,456.4
449.6
1,006.8
677.0
-15.6
2,147.2
2,148.1
1,493.7
469.8
1,023.9
654.4
-0.9
2,164.0
2,141.0
1,522.9
492.9
1,030.0
618.1
23.0
2,092.3
2,113.4
1,542.1
508.7
1,033.4
571.3
-21.1
2,056.1
2,081.7
1,553.6
522.7
1,030.9
528.1
-25.6
1,979.9
2,074.9
1,571.5
545.4
1,026.1
503.4
-95.0
13
14
15
16
17
18
19
-615.4
1,182.4
818.3
364.1
1,797.8
1,499.5
298.3
-713.6
1,311.5
908.4
403.1
2,025.1
1,705.3
319.8
-757.3
1,480.8
1,032.1
448.7
2,238.1
1,882.7
355.4
-707.8
1,662.4
1,149.2
513.2
2,370.2
1,985.2
385.1
-682.6
1,228.6
848.0
380.7
1,911.2
1,598.4
312.8
-670.7
1,266.8
871.8
394.9
1,937.5
1,626.5
311.0
-680.9
1,305.1
908.6
396.5
1,986.0
1,669.0
317.0
-725.1
1,314.5
909.6
404.9
2,039.6
1,717.5
322.1
-777.7
1,359.6
943.5
416.1
2,137.4
1,808.2
329.2
-761.7
1,423.2
990.9
432.4
2,184.9
1,838.7
346.3
-777.2
1,462.8
1,022.3
440.5
2,240.0
1,887.2
352.8
-792.7
1,492.5
1,044.5
448.0
2,285.2
1,929.8
355.4
-697.7
1,544.5
1,070.7
473.8
2,242.2
1,875.1
367.2
-728.8
1,560.5
1,085.0
475.5
2,289.4
1,917.4
372.0
-723.1
1,614.4
1,116.8
497.6
2,337.5
1,957.1
380.5
-682.6
1,714.9
1,181.2
533.8
2,397.5
2,005.4
392.1
-696.7
1,759.7
1,213.7
546.0
2,456.5
2,060.9
395.6
-705.7
1,820.8
1,256.9
563.9
2,526.5
2,118.0
408.5
-737.3
1,907.5
1,328.9
578.6
2,644.8
2,229.8
414.9
20
21
22
23
24
2,216.8
825.6
550.7
274.9
1,391.2
2,355.3
875.5
588.1
287.4
1,479.8
2,508.1
932.2
624.1
308.0
1,575.9
2,674.8
979.3
662.2
317.1
1,695.5
2,258.2
835.0
555.0
280.0
1,423.2
2,299.2
861.0
576.1
284.9
1,438.2
2,328.0
867.1
584.4
282.8
1,460.9
2,388.0
894.2
606.3
288.0
1,493.8
2,405.9
879.5
585.4
294.1
1,526.4
2,458.4
922.8
613.6
309.3
1,535.5
2,495.7
928.5
623.1
305.4
1,567.2
2,526.9
935.5
624.0
311.5
1,591.4
2,551.4
941.7
635.9
305.9
1,609.7
2,597.0
950.3
636.9
313.4
1,646.8
2,655.9
974.6
656.8
317.8
1,681.3
2,703.5
994.0
675.6
318.3
1,709.5
2,742.9
998.3
679.3
319.0
1,744.6
2,798.1
1,026.5
699.9
326.6
1,771.6
2,869.6
1,056.0
722.8
333.2
1,813.6
IV
I
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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.................................
S ervices............................
Im ports...................................
Goods.................................
S ervices............................
Government consumption
expenditures and gross
investment............................
Federal...................................
National defense...............
Nondefense.......................
State and local.......................
Residual......................................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
II
1 10,675.8 10,989.5 11,294.8 11,523.9 10,796.4 10,875.8 10,946.1 11,050.0 11,086.1 11,217.3 11,291.7 11,314.1 11,356.4 11,357.8 11,491.4 11,625.7 11,620.7 11,646.0 11,700.6
2
3
4
5
7,561.4
1,084.8
2,177.6
4,311.0
7,791.7
1,134.4
2,252.7
4,420.9
8,029.0
1,185.1
2,335.3
4,529.9
8,252.8
1,242.4
2,392.6
4,646.2
7,664.3
1,110.1
2,207.5
4,361.1
7,697.5
1,111.6
2,220.7
4,379.3
7,766.4
1,143.7
2,243.7
4,398.2
7,838.1
1,158.9
2,260.1
4,439.4
7,864.9
1,123.3
2,286.3
4,466.9
7,947.4
1,173.1
2,310.8
4,484.7
8,002.1
1,178.3
2,328.7
4,515.7
8,046.3
1,188.4
2,342.0
4,537.6
8,119.9
1,200.7
2,359.8
4,581.5
8,197.2
1,227.3
2,380.1
4,616.1
8,237.3
1,242.3
2,391.5
4,632.7
8,278.5
1,249.4
2,398.6
4,659.8
8,298.2
1,250.6
2,400.2
4,676.1
8,316.1
1,237.0
2,397.9
4,704.3
8,347.5
1,227.7
2,421.7
4,717.4
6
7
8
9
10
11
12
1,770.2
1,712.8
1,144.3
246.7
905.1
560.2
54.3
1,873.5
1,829.8
1,226.2
249.8
989.6
595.4
38.9
1,912.5
1,865.5
1,318.2
270.3
1,061.0
552.9
42.3
1,809.7
1,808.5
1,382.9
304.6
1,078.9
453.8
-2.5
1,828.8
1,767.7
1,189.7
248.6
951.2
570.9
57.2
1,869.1
1,790.5
1,200.4
253.1
956.6
582.1
74.6
1,844.8
1,823.5
1,219.0
252.3
977.9
595.8
16.7
1,862.8
1,847.2
1,237.1
246.2
1,006.5
601.7
11.0
1,917.3
1,858.0
1,248.2
247.4
1,017.4
602.0
53.5
1,946.3
1,895.2
1,295.2
256.5
1,056.6
596.5
45.9
1,944.3
1,883.1
1,315.4
268.3
1,061.2
570.1
56.9
1,917.8
1,860.0
1,332.7
277.4
1,066.4
536.7
53.3
1,841.6
1,823.7
1,329.3
279.1
1,059.9
508.4
13.1
1,795.9
1,807.8
1,340.4
286.6
1,060.0
486.4
-15.0
1,822.9
1,821.3
1,373.8
298.9
1,077.9
471.7
-2.8
1,838.7
1,817.0
1,402.9
313.2
1,087.5
445.3
16.0
1,781.3
1,788.2
1,414.7
319.7
1,090.1
411.6
-8.1
1,754.7
1,762.4
1,423.1
326.4
1,088.6
383.0
-10.2
1,686.0
1,751.6
1,431.3
337.5
1,079.2
367.1
-62.2
13
14
15
16
17
18
19
-593.8
1,126.1
784.4
341.4
1,719.9
1,457.0
263.9
-616.6
1,205.3
844.7
360.4
1,821.9
1,556.4
267.6
-615.7
1,314.8
928.7
386.3
1,930.5
1,649.0
283.7
-546.5
1,425.9
998.7
426.9
1,972.4
1,677.7
296.4
-632.3
1,155.3
804.0
351.0
1,787.7
1,518.1
270.8
-623.7
1,177.9
817.9
359.6
1,801.7
1,536.7
266.9
-601.3
1,203.1
846.0
357.1
1,804.4
1,539.5
266.9
-603.6
1,204.3
844.2
359.9
1,807.9
1,543.8
266.2
-637.8
1,235.7
870.8
365.0
1,873.6
1,605.5
270.6
-636.0
1,284.3
907.8
376.7
1,920.2
1,640.6
281.9
-619.4
1,301.4
922.5
379.2
1,920.9
1,642.8
280.5
-623.0
1,312.6
930.7
382.2
1,935.7
1,658.0
280.3
-584.3
1,361.1
953.9
407.0
1,945.3
1,654.5
292.4
-618.6
1,363.2
958.9
404.2
1,981.8
1,688.3
295.4
-571.2
1,392.2
974.9
417.0
1,963.4
1,671.2
293.9
-511.8
1,466.2
1,024.1
441.8
1,978.0
1,681.1
298.4
-484.5
1,482.1
1,037.0
444.7
1,966.5
1,670.2
297.8
-462.0
1,500.6
1,048.6
451.7
1,962.6
1,662.0
301.8
-395.2
1,534.1
1,078.4
455.6
1,929.2
1,635.2
295.2
20
21
22
23
24
25
1,931.8
715.9
475.0
240.7
1,215.8
-0.3
1,939.0
724.5
482.2
242.0
1,214.3
-11.8
1,971.2
741.0
490.0
250.8
1,230.2
-35.3
2,012.1
752.9
502.1
250.4
1,259.0
-55.1
1,930.6
716.0
472.7
243.2
1,214.4
-6.6
1,929.6
718.0
476.3
241.5
1,211.4
-5.3
1,934.0
720.1
481.0
238.8
1,213.8
-12.5
1,950.4
736.8
495.1
241.4
1,213.6
-18.0
1,941.9
723.2
476.5
246.5
1,218.5
-11.9
1,960.5
740.6
486.7
253.8
1,219.9
-29.2
1,966.6
737.7
489.0
248.5
1,228.8
-32.2
1,974.9
741.1
487.9
253.1
1,233.7
-37.0
1,982.7
744.4
496.3
247.8
1,238.2
-42.4
1,987.1
737.5
488.8
248.6
1,249.3
-49.8
2,006.4
749.6
498.8
250.5
1,256.6
-53.5
2,025.3
762.7
511.0
251.2
1,262.6
-55.3
2,029.4
761.7
509.9
251.5
1,267.5
-62.1
2,039.1
772.6
518.9
253.2
1,266.7
-56.3
2,056.3
785.2
528.2
256.6
1,271.7
-47.9
N o te . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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.
Su r v e y
August 2008
of
C u r r e n t B u s in e s s
35
Table 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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
Imports....
Goods..
Services
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local...........................
Addendum:
Gross national product.............
2005
I
II
2006
III
IV
I
II
2007
III
IV
II
I
2008
III
IV
I
II
1
2.9
3.3
3.2
2.7
3.2
4.0
2.1
4.1
3.7
3.5
2.7
2.8
2.2
4.1
2.0
1.5
2.8
2.6
1.1
2
3
4
5
2.6
-1.8
3.3
3.2
2.9
-0.8
3.7
3.3
2.8
-1.3
3.0
3.5
2.6
-1.8
3.0
3.3
3.0
0.2
4.7
2.8
2.5
0.4
1.5
3.3
2.5
-0.9
2.0
3.5
4.7
-3.1
11.2
3.3
3.3
-0.9
2.3
4.7
1.8
-0.9
0.3
3.0
3.3
-0.8
4.9
3.3
3.1
-1.3
4.4
3.3
-0.5
-2.7
-6.2
2.8
3.4
-1.8
5.1
3.6
3.6
-1.6
6.4
3.3
2.5
-1.9
2.9
3.1
4.3
-1.6
8.4
3.5
3.6
-0.1
6.7
2.8
4.2
-1.6
6.6
4.1
6
7
8
9
10
11
1?
3.4
3.4
1.3
6.2
-0.3
7.3
4.4
4.5
2.9
11.8
-0.1
7.2
4.2
4.2
3.3
12.3
0.1
5.9
1.4
1.4
1.4
3.8
0.3
1.5
3.9
3.9
2.5
12.0
-0.6
6.2
4.7
4.7
4.4
11.9
1.8
5.2
4.0
4.2
2.7
10.1
0.1
6.8
5.0
5.3
2.0
14.8
-2.3
11.0
5.4
5.7
4.4
17.0
0.2
7.8
5.2
5.0
4.3
14.1
0.7
6.4
3.5
3.4
3.3
12.0
-0.1
3.7
1.6
1.5
1.7
4.6
0.5
1.2
3.3
3.2
2.9
6.7
1.2
3.9
1.6
1.6
1.3
3.4
0.4
2.2
-0.3
-0.2
0.3
0.7
0.1
-1.3
-0.3
-0.4
-0.6
0.5
-1.2
0.3
1.3
1.2
1.7
4.5
0.4
0.0
-0.5
-0.2
0.6
2.7
-0.4
-2.6
0.6
1.2
2.3
3.6
1.6
-2.2
1U
14
15
16
17
18
19
3.5
3.7
3.2
4.9
4.9
4.4
3.6
3.1
4.9
6.3
6.5
5.7
3.5
3.3
3.8
4.3
4.2
4.8
3.5
3.5
3.5
3.7
3.6
3.7
4.2
3.6
5.5
6.9
7.0
6.0
4.6
4.3
5.2
2.3
2.1
3.5
3.5
3.0
4.6
9.7
10.0
7.9
2.5
1.3
5.3
10.3
10.8
7.8
3.2
2.2
5.5
4.5
5.0
2.0
2.9
3.0
2.7
-1.1
-2.0
4.1
5.8
6.2
4.9
10.3
10.4
9.9
4.7
5.2
3.7
5.0
5.4
3.2
-0.8
0.0
-2.6
-9.1
-10.1
-3.8
3.6
3.3
4.3
0.9
0.8
1.1
5.3
5.1
5.9
12.8
13.0
11.7
3.5
2.8
5.2
7.4
7.7
6.1
6.2
6.0
6.6
12.8
14.5
4.5
9.1
10.0
6.9
12.8
13.8
7.8
10.3
11.7
7.1
28.6
31.1
16.2
20
21
22
23
24
4.5
4.7
4.7
4.9
4.3
5.9
4.8
5.2
4.0
6.5
4.7
4.1
4.5
3.4
5.1
4.5
3.4
3.5
3.1
5.1
5.7
2.6
3.1
1.7
7.6
7.7
11.8
12.6
10.2
5.3
4.1
1.7
1.8
1.6
5.6
7.0
3.1
3.2
3.0
9.4
4.8
0.8
1.3
-0.1
7.3
4.9
10.2
10.9
8.9
2.0
4.9
4.1
4.4
3.5
5.4
3.3
1.2
1.5
0.5
4.6
2.3
0.9
0.7
1.2
3.2
6.4
7.6
7.0
8.8
5.7
5.2
3.7
4.3
2.6
6.1
3.4
0.9
1.6
-0.5
4.9
5.1
2.3
3.1
0.5
6.8
6.2
5.6
5.1
6.8
6.6
7.0
5.0
6.0
2.8
8.1
25
2.9
3.3
3.2
2.7
3.2
4.0
2.1
4.1
3.7
3.5
2.7
2.8
2.2
4.1
2.0
1.5
2.8
2.6
Table 1.1.8. Contributions to Percent Change in the Gross Domestic Product Price Index
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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.....................................
S ervices.................................
Im ports........................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal.......................................
National defense....................
Nondefense...........................
State and local...........................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
IV
III
I
II
1
2.9
3.3
3.2
2.7
3.2
4.0
2.1
4.1
3.7
3.5
2.7
2.8
2.2
4.1
2.0
1.5
2.8
2.6
1.1
2
3
4
5
1.86
-0.16
0.67
1.35
2.06
-0.07
0.74
1.39
1.94
-0.11
0.62
1.44
1.83
-0.15
0.61
1.36
2.12
0.02
0.93
1.17
1.70
0.04
0.29
1.37
1.77
-0.07
0.40
1.45
3.30
-0.26
2.18
1.38
2.37
-0.08
0.49
1.96
1.31
-0.07
0.08
1.31
2.31
-0.06
1.00
1.38
2.21
-0.11
0.91
1.40
-0.34
-0.22
-1.30
1.17
2.35
-0.15
1.02
1.48
2.53
-0.13
1.27
1.39
1.73
-0.15
0.59
1.29
2.99
-0.12
1.66
1.44
2.53
-0.01
1.35
1.18
2.93
-0.12
1.34
1.71
6
7
8
9
10
11
12
0.53
0.52
0.13
0.15
-0.02
0.39
0.01
0.72
0.72
0.29
0.30
-0.01
0.42
0.01
0.71
0.70
0.35
0.34
0.00
0.35
0.01
0.23
0.22
0.15
0.13
0.02
0.08
0.01
0.63
0.61
0.25
0.30
-0.05
0.36
0.03
0.79
0.75
0.45
0.31
0.14
0.30
0.04
0.66
0.66
0.26
0.27
-0.01
0.41
0.00
0.80
0.84
0.18
0.38
-0.20
0.66
-0.04
0.87
0.91
0.42
0.44
-0.02
0.49
-0.03
0.82
0.81
0.38
0.38
0.00
0.43
0.02
0.55
0.54
0.31
0.34
-0.03
0.23
0.01
0.25
0.23
0.16
0.14
0.02
0.07
0.01
0.52
0.51
0.30
0.21
0.09
0.21
0.02
0.27
0.28
0.17
0.12
0.05
0.11
-0.01
-0.05
-0.03
0.04
0.03
0.01
-0.07
-0.02
-0.05
-0.05
-0.06
0.02
-0.08
0.01
0.01
0.21
0.19
0.19
0.16
0.03
0.00
0.02
-0.07
-0.04
0.07
0.10
-0.03
-0.10
-0.04
0.09
0.17
0.25
0.13
0.12
-0.08
-0.08
13
14
15
16
17
18
19
-0.36
0.34
0.25
0.10
-0.71
-0.60
-0.11
-0.61
0.38
0.22
0.15
-0.99
-0.85
-0.14
-0.33
0.38
0.25
0.13
-0.71
-0.59
-0.13
-0.21
0.41
0.28
0.12
-0.62
-0.52
-0.10
-0.61
0.43
0.26
0.17
-1.04
-0.89
-0.15
0.12
0.48
0.31
0.17
-0.36
-0.26
-0.09
-1.12
0.37
0.22
0.15
-1.49
-1.29
-0.20
-1.34
0,27
0.10
0.17
-1.61
-1.42
-0.19
-0.42
0.34
0.16
0.18
-0.76
-0.71
-0.05
0.44
0.31
0.22
0.09
0.12
0.22
-0.10
-1.06
0.63
0.47
0.16
-1.69
-1.44
-0.25
-0.34
0.52
0.40
0.12
-0.86
-0.78
-0.08
1.55
-0.09
0.01
-0.09
1.64
1.53
0.11
0.29
0.43
0.28
0.15
-0.13
-0.10
-0.03
-1.44
0.61
0.40
0.20
-2.05
-1.75
-0.31
-0.81
0.42
0.23
0.19
-1.23
-1.06
-0.17
-1.34
0.75
0.51
0.25
-2.09
-1.97
-0.12
-1.02
1.11
0.84
0.27
-2.13
-1.92
-0.21
-3.30
1.29
1.01
0.28
-4.59
-4.15
-0.44
20
21
22
23
24
0.84
0.33
0.21
0.11
0.51
1.10
0.33
0.24
0.09
0.76
0.90
0.29
0.21
0.08
0.61
0.85
0.24
0.17
0.07
0.61
1.06
0.19
0.15
0.04
0.87
1.42
0.80
0.57
0.23
0.62
0.78
0.12
0.09
0.04
0.65
1.32
0.23
0.15
0.07
1.09
0.92
0.06
0.06
0.00
0.86
0.97
0.72
0.51
0.21
0.24
0.93
0.29
0.21
0.08
0.64
0.64
0.08
0.07
0.01
0.55
0.44
0.06
0.04
0.03
0.38
1.20
0.52
0.32
0.20
0.68
0.99
0.26
0.20
0.06
0.73
0.65
0.07
0.08
-0.01
0.58
0.98
0.16
0.15
0.01
0.82
1.20
0.40
0.25
0.15
0.80
1.34
0.35
0.29
0.06
0.99
Domestic Product and Income
36
August 2008
Table 1.1.9. Im plicit Price Deflators for Gross Domestic Product
[Index numbers, 2000=100]
Seasonally adjusted
2004
Line
2006
2005
2004
2007
IV
Gross domestic product........
Personal consumption
expenditures.................................
Durable goods................................
Nondurable goods.........................
Services...........................................
Gross private domestic
investment
Fixed investment............................
Nonresidential...........................
Structures...............................
Equipment and software......
Residential..................................
Net exports of goods and services
Exports............................................
Goods..........................................
Services.....................................
Im ports.
Goods..........................................
Services.....................................
Government consumption
expenditures and gross
investment.....................................
Federal............................................
National defense........................
Nondefense................................
State and local................................
Addendum:
2006
2005
I
III
II
I
IV
II
2007
IV
III
II
I
2008
III
IV
I
II
1 109.462 113.034 116.676 119.816 110.671 111.765 112.346 113.468 114.525 115.533 116.317 117.107 117.732 118.956 119.547 119.997 120.743 121.508 121.843
2 108.391 111.581 114.675 117.659 109.512 110.177 110.872 112.158 113.081 113.575 114.493 115.377 115.235 116.197 117.241 117.964 119.215 120.277 121.525
3 90.695 89.984 88.771 87.154 90.452 90.549 90.345 89.631 89.420 89.211 89.031 88.729 88.129 87.720 87.367 86.941 86.600 86.584 86.240
4 107.626 111.606 114.985 118.408 109.141 109.536 110.081 113.038 113.697 113.786 115.151 116.410 114.578 116.021 117.825 118.675 121.085 123.053 125.027
5 112.929 116.700 120.752 124.712 114.189 115.131 116.130 117.079 118.423 119.304 120.276 121.272 122.122 123.194 124.212 125.173 126.248 127.128 128.413
6
7
8
9
10
11
P
11
14
15
16
17
18
19
106.686
106.845
100.896
120.912
94.601
120.587
111.348
111.638
103.829
135.176
94.534
129.268
116.100
116.380
107.277
151.823
94.594
136.898
117.718
117.995
108.740
157.661
94.870
138.885
108.244
108.393
101.666
125.530
94.346
123.773
109.460
109.652
102.769
129.159
94.792
125.349
110.565
110.790
103.448
132.332
94.810
127.444
111.883
112.231
103.959
136.973
94.263
130.819
113.419
113.795
105.091
142.446
94.296
133.311
114.919
115.215
106.199
147.128
94.463
135.466
115.916
116.185
107.058
151.309
94.455
136.737
116.371
116.625
107.527
152.986
94.582
137.163
117.260
117.540
108.294
155.472
94.878
138.477
117.924
118.012
108.654
156.853
94.980
139.197
117.791
117.946
108.729
157.160
94.994
138.730
117.691
117.835
108.556
157.384
94.712
138.803
117.462
118.188
109.010
159.129
94.797
138.780
117.174
118.116
109.173
160.172
94.699
137.878
117.432
118.459
109.794
161.592
95.083
137.117
104.997
104.323
106.633
104.526
102.916
113.048
108.814
107.536
111.855
111.153
109.568
119.496
112.618
111.131
116.156
115.932
114.170
125.257
116.585
115.062
120.210
120.168
118.326
129.929
106.346
105.473
108.441
106.913
105.289
115.491
107.542
106.594
109.815
107.538
105.845
116.518
108.474
107.397
111.047
110.061
108.411
118.773
109.154
107.749
112.499
112.814
111.248
121.025
110.026
108.347
114.019
114.082
112.626
121.641
110.819
109.155
114.784
113.785
112.070
122.861
112.402
110.822
116.168
116.615
114.876
125.796
113.704
112.230
117.211
118.056
116.391
126.793
113.476
112.236
116.424
115.262
113.329
125.576
114.480
113.154
117.636
115.520
113.569
125.930
115.963
114.551
119.323
119.058
117.102
129.468
116.962
115.336
120.825
121.208
119.287
131.412
118.735
117.035
122.771
124.915
123.392
132.861
121.337
119.864
124.847
128.730
127.441
135.364
124.343
123.233
127.007
137.089
136.366
140.555
20
21
22
23
24
114.754
115.322
115.932
114.218
114.431
121.470
120.835
121.944
118.743
121.863
127.239
125.806
127.381
122.803
128.110
132.940
130.077
131.874
126.636
134.671
116.969
116.616
117.412
115.141
117.192
119.157
119.915
120.959
117.959
118.720
120.372
120.428
121.499
118.418
120.350
122.438
121.361
122.451
119.310
123.094
123.891
121.614
122.851
119.273
125.266
125.396
124.614
126.067
121.847
125.873
126.907
125.866
127.424
122.895
127.541
127.950
126.232
127.893
123.060
128.991
128.683
126.510
128.124
123.427
129.999
130.695
128.848
130.312
126.067
131.818
132.374
130.027
131.683
126.868
133.794
133.482
130.331
132.213
126.718
135.388
135.159
131.057
133.217
126.883
137.638
137.223
132.867
134.885
128.984
139.854
139.547
134.481
136.851
129.878
142.614
25 109.455 113.031 116.672 119.813 110.666 111.757 112.344 113.469 114.523 115.529 116.315 117.107 117.726 118.952 119.542 119.990 120.737 121.495
Table 1.1.10. Percentage Shares of Gross Domestic Product
[Percent]
2004
Line
2004
2005
2006
IV
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..............................................
S ervices..........................................
Im ports................................................
Goods..............................................
S ervices..........................................
Government consumption
expenditures and gross
investment..........................................
Federal................................................
National defense............................
Nondefense....................................
State and local....................................
2005
2007
2006
2008
2007
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
100.0
70.1
8.4
20.1
41.7
16.2
15.7
9.9
2.6
7.3
5.8
0.5
-5.3
10.1
7.0
3.1
15.4
12.8
2.6
100.0
70.0
8.2
20.2
41.5
16.8
16.4
10.2
2.7
7.5
6.2
0.3
-5.7
10.6
7.3
3.2
16.3
13.7
2.6
100.0
69.9
8.0
20.4
41.5
16.8
16.5
10.7
3.1
7.6
5.7
0.4
-5.7
11.2
7.8
3.4
17.0
14.3
2.7
100.0
70.3
7.8
20.5
42.0
15.4
15.5
10.9
3.5
7.4
4.6
0.0
-5.1
12.0
8.3
3.7
17.2
14.4
2.8
100.0
70.2
8.4
20.2
41.7
16.6
16.0
10.1
2.6
7.5
5.9
0.5
-5.7
10.3
7.1
3.2
16.0
13.4
2.6
100.0
69.8
8.3
20.0
41.5
16.8
16.2
10.1
2.7
7.5
6.0
0.7
-5.5
10.4
7.2
3.2
15.9
13.4
2.6
100.0
70.0
8.4
20.1
41.5
16.6
16.4
10.3
2.7
7.5
6.2
0.2
-5.5
10.6
7.4
3.2
16.1
13.6
2.6
100.0
70.1
8.3
20.4
41.5
16.6
16.5
10.3
2.7
7.6
6.3
0.1
-5.8
10.5
7.3
3.2
16.3
13.7
2.6
100.0
70.0
7.9
20.5
41.7
17.1
16.7
10.3
2.8
7.6
6.3
0.5
-6.1
10.7
7.4
3.3
16.8
14.2
2.6
100.0
69.6
8.1
20.3
41.3
17.3
16.8
10.6
2.9
7.7
6.2
0.4
-5.9
11.0
7.6
3.3
16.9
14.2
2.7
100.0
69.8
8.0
20.4
41.4
17.2
16.7
10.7
3.1
7.6
5.9
0.5
-5.9
11.1
7.8
3.4
17.1
14.4
2.7
100.0
70.1
8.0
20.6
41.5
16.8
16.4
10.8
3.2
7.6
5.6
0.5
-6.0
11.3
7.9
3.4
17.2
14.6
2.7
100.0
70.0
7.9
20.2
41.8
16.2
16.0
10.8
3.2
7.5
5.3
0.1
-5.2
11.6
8.0
3.5
16.8
14.0
2.7
100.0
70.5
8.0
20.4
42.1
15.7
15.8
10.8
3.3
7.5
5.0
-0.1
-5.4
11.6
8.0
3.5
16.9
14.2
2.8
100.0
70.3
7.9
20.5
41.9
15.6
15.6
10.9
3.4
7.5
4.8
0.0
-5.3
11.8
8.1
3.6
17.0
14.2
2.8
100.0
70.0
7.8
20.4
41.8
15.5
15.3
10.9
3.5
7.4
4.4
0.2
-4.9
12.3
8.5
3.8
17.2
14.4
2.8
100.0
70.5
7.7
20.7
42.1
14.9
15.1
11.0
3.6
7.4
4.1
-0.2
-5.0
12.5
8.7
3.9
17.5
14.7
2.8
100.0
70.7
7.6
20.9
42.3
14.5
14.7
11.0
3.7
7.3
3.7
-0.2
-5.0
12.9
8.9
4.0
17.9
15.0
2.9
100.0
71.2
7.4
21.2
42.5
13.9
14.6
11.0
3.8
7.2
3.5
-0.7
-5.2
13.4
9.3
4.1
18.6
15.6
2.9
20
21
22
23
24
19.0
7.1
4.7
2.4
11.9
19.0
7.0
4.7
2.3
11.9
19.0
7.1
4.7
2.3
12.0
19.4
7.1
4.8
2.3
12.3
18.9
7.0
4.6
2.3
11.9
18.9
7.1
4.7
2.3
11.8
18.9
7.1
4.8
2.3
11.9
19.0
7.1
4.8
2.3
11.9
18.9
6.9
4.6
2.3
12.0
19.0
7.1
4.7
2.4
11.8
19.0
7.1
4.7
2.3
11.9
19.1
7.1
4.7
2.4
12.0
19.1
7.0
4.8
2.3
12.0
19.2
7.0
4.7
2.3
12.2
19.3
7.1
4.8
2.3
12.2
19.4
7.1
4.8
2.3
12.3
19.5
7.1
4.8
2.3
12.4
19.8
7.3
4.9
2.3
12.5
20.1
7.4
5.1
2.3
12.7
August 2008
37
Survey of Current Business
Table 1.2.1. Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic product....
Final sales of domestic
product..........................
Change in private
inventories.....................
G oods.............................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private
inventories1 .......................
Nondurable goods.....................
Final sales..............................
Change in private
inventories1.......................
Services 2......................................
Structures.......................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
o utp ut.....................................
Final sales of computers 3........
Gross domestic product
excluding final sales of
computers...............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
1
3.6
2.9
2.8
2
3.3
3.1
2.8
4.7
3.5
4.3
4.8
6.0
4.5
M
10
11
2005
I
2.0
2.5
2.4
2.7
5.4
5.4
3.1
4.5
6.5
6.8
5.3
6.2
3.7
2.7
2.6
3.2
X?
13
14
2.8
5.2
15
II
3.0
2.6
3.8
2.3
4.8
4.1
3.7
4.1
3.6
1.5
4.7
12.0
4.2
5.9
2.6
6.2
8.9
2.7
5.5
4.7
2.3
3.4
4.7
2.5
2.2
3.2
2.3
-2.2
2.8
-5.0
4.0
3.8
-0.9
16
17
3.6
5.4
2.9
23.4
18
3.6
19
4.0
H
4
5
fi
7
8
2007
2006
IV
III
I
II
III
IV
II
I
2008
IV
III
1.3
4.8
2.7
0.8
1.5
0.1
4.8
-0.3
5.1
2.3
0.9
2.9
1.1
4.3
5.3
6.0
2.0
-3.0
11.1
12.4
5.9
4.7
1.5
2.0
1.3
6.0
-2.5
0.8
3.5
15.1
12.0
9.9
4.2
-4.4
6.8
16.8
5.1
1.8
4.1
2.4
-5.2
5.8
-0.6
0.6
5.8
9.6
0.1
3.0
0.2
-1.8
14.9
8.9
6.5
7.2
-0.5
1.6
2.4
-0.3
2.1
6.0
1.0
5.1
3.9
-0.6
0.9
1.3
2.6
-0.8
2.3
-3.8
-1.1
-9.6
4.6
7.1
24.6
-31.0
20.2
2.9
25.0
2.1
21.3
3.0
50.1
2.9
8.5
2.5
38.5
3.2
11.5
2.6
37.2
2.8
2.6
1.9
2.3
2.9
2.4
3.8
2.8
2.4
1.2
3.1
2.5
1.5
3.6
II
I
4.8
-0.2
0.9
1.9
4.0
0.8
0.9
3.9
10.3
8.6
9.0
6.6
0.0
3.2
0.9
1.0
2.3
8.9
4.1
3.4
6.4
11.7
14.8
7.6
5.8
7.3
0.7
0.9
-8.1
-0.7
6.8
6.2
-7.5
-1.2
13.4
6.2
4.6
5.8
-4,4
0.0
1.1
1.1
11.3
17.0
2.3
-8.8
3.8
-9.8
2.1
-3.9
2.7
0.8
4.0
-2.9
1.3
-9.3
2.7
-10.1
2.0
-0.3
-10.1
13.7
-19.0
3.8
4.6
17.3
-25.7
-14.2
-35.2
4.3
27.8
3.1
25.2
0.4
7.0
2.2
34.2
-0.1
-5.0
4.8
37.2
4.4
52.6
0.7
23.7
1.3
8.2
3.1
19.3
1.1
4.7
2.5
0.8
1.3
0.1
4.6
4.5
-0.3
0.8
1.8
2.2
4.3
1.8
0.7
0.1
1.0
2.8
2.4
-1.3
0.0
-0.7
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
Table 1.2.2. Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
I
IV
Percent change at annual rate:
Gross domestic product....
Percentage points at annual
rates:
Final sales of domestic
product..........................
Change in private
inventories.....................
G oods.............................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final s a le s..............................
Change in private
inventories1.......................
Nondurable goods.....................
Final sales..............................
Change in private
inventories1.......................
S ervices2.......................................
Structures.......................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
o utp ut.....................................
Final sales of computers 3........
Gross domestic product
excluding final sales of
computers...............................
1
3.6
2
3
4
5
6
7
8
2.0
2005
2.9
2.8
2.5
3.25
3.07
2.75
2.43
2.65
2.34
0.39
1.50
1.11
0.39
0.85
0.63
-0.13
1.35
1.47
-0.13
0.90
0.92
0.03
1.67
1.64
0.03
0.73
0.85
-0.40
0.97
1.37
-0.40
0.57
0.80
-0.11
1.18
1.28
-0.11
0.38
0.86
0.63
1.12
0.48
0.63
1.23
0.39
9
10
11
0.21
0.65
0.48
-0.02
0.45
0.55
-0.12
0.94
0.79
-0.23
0.40
0.57
-0.47
0.79
0.43
0.85
-0.12
0.09
12
13
14
0.17
1.62
0.51
-0.11
1.25
0.34
0.14
1.35
-0.24
-0.17
1.61
-0.55
0.37
1.41
-0.03
15
0.14
0.13
-0.03
-0.03
16
17
3.50
0.04
2.81
0.15
2.81
0.15
18
3.60
2.79
2.63
I
IV
III
II
1.3
4.68
4.04
-0.25
5.06
2.30
0.91
-2.07
1.49
3.55
-2.07
0.52
1.99
-0.19
1.68
1.87
-0.19
1.65
1.36
1.56
0.65
-0.91
1.56
0.60
-0.60
-0.24
3.40
3.64
-0.24
0.98
2.19
0.38
1.84
1.46
0.38
0.74
0.27
-0.11
0.51
0.62
-0.11
0.59
0.34
-1.47
0.97
1.57
0.29
0.03
0.51
1.21
0.05
-0.31
-1.21
2.42
1.46
0.47
1.10
1.19
0.25
-0.08
0.28
-0.21
1.24
0.62
-0.60
0.59
0.54
-0.48
2.23
-0.06
0.36
0.52
0.15
0.97
1.48
-0.07
-0.09
1.26
-0.42
-0.34
0.15
0.24
0.76
-1.22
0.59
2.06
0.13
2.89
0.29
2.82
0.06
2.38
0.22
3.09
0.07
2.53
0.21
1.90
2.26
2.92
2.39
3.78
1.11
2008
III
II
IV
4.8
4.8
2.91
1.11
4.32
4.07
0.79
0.89
3.81
-1.41
0.42
1.82
-1.41
-0.72
0.78
-1.06
-0.80
0.26
-1.06
0.55
0.45
0.47
3.08
2.61
0.47
0.87
1.55
0.69
2.71
2.02
0.69
1.92
1.03
-0.96
0.01
0.97
-0.96
0.78
0.97
-0.02
0.29
0.31
-0.02
0.10
0.12
-1.92
0.71
2.63
-1.92
-1.13
-0.10
-1.51
1.14
1.04
0.10
-1.35
-0.19
-0.68
2.21
1.06
0.88
0.80
0.99
-0.19
-0.77
0.00
-0.02
0.19
0.19
-1.03
1.84
2.73
-0.36
1.29
-1.00
0.10
2.19
-1.10
-1.16
1.26
-0.41
1.15
1.61
0.09
-0.20
2.35
-0.30
-0.77
0.79
-0.97
0.00
1.62
-1.03
-0.89
1.21
-0.02
-0.34
0.40
-0.65
0.10
0.13
0.47
-0.86
-0.41
-1.07
4.22
0.16
3.02
0.15
0.40
0.04
2.16
0.20
-0.05
-0.03
4.66
0.21
4.29
0.28
0.69
0.14
1.28
0.05
2.96
0.12
4.65
2.53
0.75
1.31
0.08
4.58
4.48
-0.31
0.82
1.78
0.8
1.5
-0.2
II
I
0.1
4.8
2.7
I
IV
3.8
3.0
2.6
2007
2006
III
II
0.9
1.9
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
August 2008
Domestic Product and Income
38
Table 1.2.3. Real Gross Domestic Product by Major Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2006
2005
2007
2004
IV
I
II
2007
2006
2005
III
IV
I
II
III
I
IV
II
2008
III
IV
I
II
1 108.748 111.944 115.054 117.388 109.977 110.786 111.502 112.560 112.928 114.264 115.022 115.250 115.681 115.696 117.056 118.425 118.374 118.631
Gross domestic product
Final sales of domestic
product......................
Change in private
2 108.804 112.159 115.254 118.062 110.005 110.643 111.940 113.063 112.990 114.417 115.077 115.341
119.188
116.180 116.495 117.725 118.898 119.133 119.397 120.531
3
4 107.424 112.047 118.120 121.819 109.255 110.215 111.498 112.950 113.523 116.549 118.219 118.667 119.047 118.300 121.232 123.866 123.877 124.165 124.876
5 107.449 112.597 118.665 123.980 109.202 109.613 112.771 114.435 113.568 116.923 118.281 118.854 120.601 120.851 123.368 125.357 126.345 126.661 129.378
G oods.........................................
Final sales.........................
Change in private
fi
7 105.505 112.342 118.271 123.215 107.425 109.742 110.690 113.873 115.063 116.966 118.440 119.631 118.048 119.250 121.104 125.357' 127.148 127.375 124.708
8 105.530 112.676 119.702 126.764 108.019 108.729 112.631 115.316 114.026 118.543 119.063 119.757 121.445 122.456 125.886 128.215 130.498 130.779 130.540
Durable goods.......................
Final sales.........................
Change in private
Nondurable goods................
Final sales.........................
Change in private
Services 2..................................
Structures..................................
Addenda:
Motor vehicle output.............
Gross domestic product
excluding motor vehicle
output.................................
Final sales of computers 3....
Gross domestic product
excluding final sales of
computers..........................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers.........................
q
10 '109.346 112.149 118.359 121.079 111.113 i i 0.946 112.510 112.536 112.605 116.571 118.407 118.254 120.204 117.897 121.675 123.053 121.691 122.025 125.323
11 109.274 112.797 118.106 122.064 110.431 110.594 113.151 113.985 113.460 115.892 117.928 118.405 120.197 119.842 121.653 123.381 123.382 123.725 128.680
1’
13 110.085 112.457 115.073 118.248 111.056 111.639 111.924 113.001 113.262 113.999 114.636 115.285 116.372 116.988 117.769 118.918 119.317 120.128 120.731
14 106.298 109.726 107.317 101.904 107.125 108.696 110.057 109.901 110.249 110.039 108.972 106.490 103.768 102.747 102.952 102.193 99.726 97.097 97.032
15 111.931
116.227 115.156 113.904 112.904 114.183 116.156 122.726 111.843 117.111
114.050 117.761
111.701
112.751
95.122
114.036 118.665 110.163 106.030
16 108.637 111.796 115.042 117.488 109.874 110.668 111.343 112.219 112.955 114.163 115.045 115.162 115.799 115.781 117.143 118.410 118.620 119.009 119.908
17 149.115 183.960 229.878 278.889 163.614 166.991 181.164 186.175 201.510 214.254 226.629 230.510 248.121 244.958 265.127 294.677 310.796 317.000 331.267
18 108.436 111.483 114.427 116.612 109.598 110.393 111.050 112.090 112.399 113.690 114.405 114.620 114.994 115.017 116.317 117.603 117.510 117.751
19 109.885 112.994 115.743 117.129 111.330 112.026 112.449 113.442 114.057 115.262 115.767 115.965 115.980 116.273 117.083 117.771
118.273
117.389 117.388 117.182
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
Table 1.2.4. Price Indexes for Gross Domestic Product by Major Type of Product
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
IV
I
II
III
IV
I
II
2008
III
IV
I
II
2 109.487 113.074 116.710 119.853 110.699 111.801
99.973 100.262 100.152 100.639 100.637 101.031 101.137 101.997 101.814 101.431 101.528 101.688 100.153
99.975 100.292 100.199 100.651 100.625 101.005 101.093 101.962 101.795 101.406 101.485 101.675 100.224
6
7
8
Durable goods.......................
Final sales.........................
Change in private
112.385 113.526 114.585 115.576 116.353 117.141 117.769 118.967 119.569 120.020 120.856 121.653 121.996
3
4 100.046 100.239 100.861 101.692 100.138 100.570
5 100.081 100.260 100.843 101.662 100.149 100.574
G oods.........................................
Final sales.........................
Change in private
Services 2..................................
Structures..................................
Addenda:
Motor vehicle o utput.............
Gross domestic product
excluding motor vehicle
o utp ut.................................
Final sales of computers 3....
Gross domestic product
excluding final sales of
computers..........................
III
1 109.462 113.039 116.676 119.819 110.677 111.778 112.357 113.487 114.536 115.536 116.317 117.109 117.742 118.935 119.531 119.984 120.826 121.613 121.933
Gross domestic product
Final sales of domestic
product......................
Change in private
Nondurable goods................
Final sales.........................
Change in private
II
2007
2006
2005
I
92.533
92.470
92.615
92.606
92.335
92.262
91.905
91.759
90.584
90.447
92.435
92.378
92.632
92.558
92.113
92.042
92.064
91.979
92.188
92.074
92.029
91.899
91.801
91.635
91.600
91.429
91.390
91.225
90.958
90.820
90.161
90.032
89.828
89.712
89.625
89.522
88.657
88.633
q
10 106.855 107.494 109.125 112.039 107.200 107.853 106.787 107.753 107.583 108.416 108.565 109.559 109.961 111.851 111.913 111.935 112.458 112.983 110.900
11 106.941 107.608 109.229 112.124 107.281 107.934 106.855 107.883 107.759 108.550 108.667 109.664 110.036 111.947 112.019 112.027 112.504 113.075 111.078
P
13 113.484 118.006 122.444 126.792 114.926 116.288 117.283 118.514 119.938 120.995 122.014 123.006 123.760 125.127 126.261 127.240 128.542 129.814 131.322
14 119.900 130.443 140.886 145.862 123.905 125.920 128.422 132.111 135.321 137.975 140.408 141.558 143.602 145.035 145.401 145.998 147.015 147.227 147.745
15
96.503
97.512
97.526
96.738
96.814
98.297
98.107
96.390
97.256
97.951
97.690
97.383
97.081
96.887
96.940
96.803
96.322
95.413
94.701
16 109.966 113.645 117.425 120.718 111.216 112.301 112.911 114.157 115.213 116.224 117.046 117.880 118.549 119.795 120.411 120.887 121.778 122.625 122.979
17 49.635 41.351 34.667 29.500 46.981 44.527 42.255 40.342 38.279 37.100 35.261 33.766 32.541 31.810 30.511 28.537 27.141 26.310 25.334
18 110.247 114.020 117.855 121.184 111.521
112.680 113.309 114.492 115.599 116.641
117.476 118.316 118.989 120.222 120.861 121.376 122.275 123.102 123.458
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
August 2008
39
Survey of Current Business
Table 1.2.5. Gross Domestic Product by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic product
Final sales of domestic
product......................
Change in private
inventories................
G oods.........................................
Final sales.........................
Change in private
inventories.....................
Durable goods.......................
Final sales.........................
Change in private
inventories1...................
Nondurable goods................
Final sales.........................
Change in private
inventories'...................
Services 2..................................
Structures.................................
Addenda:
Motor vehicle output.............
Gross domestic product
excluding motor vehicle
output.................................
Final sales of computers 3....
Gross domestic product
excluding final sales of
computers..........................
2006
2005
I
II
III
IV
2008
2007
II
I
III
IV
II
I
III
IV
I
II
1 11,685.9 12,421.9 13,178.4 13,807.5 11,948.5 12,155.4 12,297.5 12,538.2 12,696.4 12,959.6 13,134.1 13,249.6 13,370.1 13,510.9 13,737.5 13,950.6 14,031.2 14,150.8 14,256.5
2 11,627.3 12,378.6 13,129.0 13,811.2 11,885.0 12,072.7 12,278.1 12,527.2 12,636.1 12,906.5 13,068.3 13,187.1 13,354.3 13,526.5 13,738.4 13,927.6 14,052.3 14,176.4 14,351.5
3
4
5
58.6
3,707.1
3,648.5
43.3
3,873.5
3,830.2
49.3
4,109.4
4,060.1
-3.6
4,272.7
4,276.4
63.4
3,774.0
3,710.6
82.6
3,823.2
3,740.5
19.4
3,844.7
3,825.3
11.0
3,905.0
3,894.0
60.3
3,921.1
3,860.8
53.1
4,045.7
3,992.6
65.9
4,103.9
4,038.0
62.5
4,135.6
4,073.0
15.8
4,152.5
4,136.6
-15.6
4,165.3
4,180.9
-0.9
4,260.2
4,261.0
23.0
4,336.2
4,313.1
-21.1
4,329.4
4,350.5
-25.6
4,343.9
4,369.5
-95.0
4,304.6
4,399.6
6
7
8
58.6
1,650.9
1,615.7
43.3
1,752.3
1,718.7
49.3
1,836.3
1,816.0
-3.6
1,885.4
1,895.6
63.4
1,677.5
1,649.7
82.6
1,717.4
1,664.0
19.4
1,730.4
1,722.1
11.0
1,771.8
1,754.9
60.3
1,789.5
1,734.0
53.1
1,821.5
1,804.4
65.9
1,841.4
1,809.0
62.5
1,855.4
1,814.4
15.8
1,826.9
1,836.0
-15.6
1,841.3
1,847.2
-0.9
1,861.1
1,890.5
23.0
1,909.6
1,908.8
-21.1
1,929.7
1,935.8
-25.6
1,928.7
1,935.9
-95.0
1,867.7
1,913.2
9
10
11
35.2
2,056.2
2,032.8
33.5
2,121.2
2,111.4
20.3
2,273.1
2,244.1
-10.2
2,387.3
2,380.8
27.8
2,096.5
2,060.9
53.4
2,105.7
2,076.5
8.3
2,114.3
2,103.3
16.9
2,133.2
2,139.1
55.5
2,131.5
2,126.8
17.1
2,224.2
2,188.2
32.4
2,262.5
2,229.0
41.0
2,280.2
2,258.6
-9.1
2,325.5
2,300.6
-5.9
2,323.9
2,333.7
-29.4
2,399.1
2,370.5
0.8
2,426.6
2,404.4
-6.1
2,399.7
2,414.6
-7.2
2,415.2
2,433.6
-45.4
2,436.8
2,486.4
12
13
14
23.4
6,778.1
1,200.7
9.8
7,200.0
1,348.4
29.0
7,644.6
1,424.3
6.5
8,134.5
1,400.3
35.6
6,924.3
1,250.1
29.2
7,043.2
1,289.0
11.1
7,121.6
1,331.2
-5.9
7,265.5
1,367.7
4.8
7,369.8
1,405.5
36.0
7,483.2
1,430.7
33.5
7,588.4
1,441.9
21.6
7,693.5
1,420.6
24.9
7,813.5
1,404.2
-9.7
7,941.6
1,404.0
28.6
8,067.1
1,410.3
22.2
8,208.8
1,405.6
-14.9
8,320.7
1,381.2
-18.4
8,460.2
1,346.7
-49.6
8,601.4
1,350.5
15
394.2
413.7
409.9
402.2
399.1
409.5
415.7
431.7
397.7
418.8
407.2
418.3
395.1
398.4
403.9
419.4
387.1
368.5
328.5
16 11,291.7 12,008.2 12,768.5 13,405.3 11,549.4 11,745.8 11,881.9 12,106.5 12,298.7 12,540.9 12,726.9 12,831.3 12,975.0 13,112.5 13,333.6 13,531.1 13,644.1 13,782.3 13,928.0
17
84.7
89.4
92.3
92.9
81.4
83.6
87.6
90.4
82.1
84.5
85.1
88.0
85.8
89.0
86.1
93.0
93.3
82.9
87.6
18 11,604.5 12,338.3 13,090.8 13,717.1 11,863.7 12,073.3 12,213.0 12,455.3 12,611.3 12,872.1 13,046.1 13,163.8 13,281.1 13,424.8 13,648.1 13,857.6 13,937.9 14,058.6 14,163.6
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
Table 1.2.6. Real Gross Domestic Product by Major Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic product
Final sales of domestic
product......................
Change in private
inventories................
Residual........................
G oods.........................................
Final sales.........................
Change in private
inventories.....................
Durable goods.......................
Final sales.........................
Change in private
inventories1...................
Nondurable goods................
Final sales.........................
Change in private
inventories1...................
Services 2..................................
Structures.................................
Residual.....................................
Addenda:
Motor vehicle output.............
Gross domestic product
excluding motor vehicle
output.................................
Final sales of computers 3....
Gross domestic product
excluding final sales of
computers..........................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 10,675.8 10,989.5 11,294.8 11,523.9 10,796.4 10,875.8 10,946.1 11,050.0 11,086.1 11,217.3 11,291.7 11,314.1 11,356.4 11,357.8 11,491.4 11,625.7 11,620.7 11,646.0 11,700.6
2 10,619.8 10,947.3 11,249.3 11,523.4 10,737.0 10,799.3 10,925.9 11,035.5 11,028.4 11,167.6 11,232.1 11,257.8 11,339.7 11,370.5 11,490.5 11,605.0 11,628.0 11,653.7 11,764.4
3
4
5
6
54.3
1.7
3,705.4
3,645.6
38.9
3.3
3,864.9
3,820.2
42.3
3.2
4,074.4
4,026.1
-2.5
3.0
4,201.9
4,206.5
57.2
2.2
3,768.6
3,705.1
74.6
1.9
3,801.7
3,719.0
16.7
3.5
3,845.9
3,826.1
11.0
3.5
3,896.0
3,882.6
53.5
4.2
3,915.8
3,853.2
45.9
3.8
4,020.2
3,967.0
56.9
2.7
4,077.8
4,013.1
53.3
3.0
4,093.2
4,032.5
13.1
3.6
4,106.3
4,091.8
-15.0
2.3
4,080.6
4,100.3
-2.8
3.7
4,181.7
4,185.7
16.0
4.7
4,272.6
4,253.2
-8.1
0.8
4,272.9
4,286.7
-10.2
2.5
4,282.9
4,297.4
-62.2
-1.6
4,307.4
4,389.6
7
8
9
54.3
1,782.4
1,744.7
38.9
1,897.9
1,862.9
42.3
1,998.0
1,979.1
-2.5
2,081.6
2,095.8
57.2
1,814.8
1,785.9
74.6
1,853.9
1,797.6
16.7
1,870.0
1,862.1
11.0
1,923.7
1,906.5
53.5
1,943.8
1,885.2
45.9
1,976.0
1,959.9
56.9
2,000.9
1,968.5
53.3
2,021.0
1,980.0
13.1
1,994.3
2,007.9
-15.0
2,014.6
2,024.6
-2.8
2,045.9
2,081.3
16.0
2,117.7
2,119.8
-8.1
2,148.0
2,157.5
-10.2
2,151.8
2,162.2
-62.2
2,106.8
2,158.2
10
11
12
34.1
1,924.5
1,900.9
31.7
1,973.8
1,962.1
18.3
2,083.1
2,054.5
-8.7
2,131.0
2,123.3
26.3
1,955.6
1,921.0
50.6
1,952.6
1,923.8
8.0
1,980.1
1,968.3
16.3
1,980.6
1,982.8
52.0
1,981.8
1,973.7
15.7
2,051.6
2,016.0
29.3
2,083.9
2,051.4
36.5
2,081.2
2,059.7
-8.2
2,115.6
2,090.9
-5.0
2,075.0
2,084.7
-25.7
2,141.4
2,116.2
0.9
2,165.7
2,146.3
-5.2
2,141.7
2,146.3
-6.1
2,147.6
2,152.2
-37.2
2,205.6
2,238.4
13
14
15
16
20.8
5,972.7
1,001.4
1.2
8.5
6,101.4
1,033.7
-10.8
23.8
6,243.4
1,011.0
-35.3
5.3
6,415.6
960.0
-67.4
30.8
6,025.4
1,009.2
-2.2
25.1
6,057.1
1,024.0
-2.4
8.7
6,072.5
1,036.8
-10.3
-4.2
6,131.0
1,035.3
-17.7
4.5
6,145.1
1,038.6
-13.0
29.6
6,185.1
1,036.6
-25.6
27.9
6,219.7
1,026.6
-31.7
17.8
6,254.9
1,003.2
-38.0
20.0
6,313.9
977.5
-45.6
-9.9
6,347.3
967.9
-51.8
20.0
6,389.7
969.9
-60.0
14.2
6,452.0
962.7
-70.2
-3.2
6,473.6
939.5
-87.8
-4.3
6,517.6
914.7
-90.3
-26.6
6,550.4
914.1
-96.7
17
408.5
424.2
420.3
415.7
412.1
416.7
423.9
447.9
408.2
427.4
416.2
429.8
407.7
411.5
416.2
433.1
402.1
387.0
347.2
18 10,268.4 10,567.0 10,873.8 11,105.0 10,385.3 10,460.3 10,524.1 10,606.9 10,676.5 10,790.7 10,874.1 10,885.1 10,945.3 10,943.6 11,072.4 11,192.1 11,212.0 11,248.7 11,333.7
364.2
19
202.2
252.7
204.7
221.5
249.1
253.4
324.0
341.7
348.5
163.9
306.6
183.6
199.2
235.5
272.8
269.3
291.5
179.9
20 10,525.9 10,821.7 11,107.5 11,319.6 10,638.7 10,715.9 10,779.7 10,880.6 10,910.6 11,035.9 11,105.3 11,126.2 11,162.5 11,164.7 11,290.9 11,415.8 11,406.7 11,430.1 11,480.8
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
N o te . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of
more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product and of
change in private inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and of structures.
40
Domestic Product and Income
August 2008
Table 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2007
2006
2004
2005
IV
I
II
2007
2006
III
IV
I
r
II
IV
hi
I
II
2008
III
IV
I
II
1
2
3
4
5
6
3.6
4.2
4.1
8.1
3.2
5.2
2.9
3.5
3.4
9.1
1.4
1.8
2.8
3.0
3.2
-6.9
3.2
5.2
2.0
2.0
2.0
9.7
2.7
3.0
2.5
3.0
2.6
40.8
0.2
-0.3
3.0
3.7
3.7
-1.9
0.8
0.9
2.6
3.2
2.9
27.7
1.2
1.3
3.8
4.8
4.8
3.1
1.3
1.1
1.3
1.0
1.3
-26.8
4.2
8.0
4.8
5.6
6.0
-22.3
4.7
8.3
2.7
2.9
2.9
3.1
3.4
5.1
0.8
0.3
0.3
6.9
2.5
4.0
1.5
1.7
1.4
30.4
0.6
-0.1
0.1
-0.7
-0.9
12.5
4.2
5.7
4.8
5.6
5.8
-6.1
3.1
2.8
4.8
5.5
5.5
8.6
2.5
2.2
-0.2
-0.6
-0.7
8.2
1.1
0.6
0.9
0.7
0.9
-15.5
0.8
-1.2
1.9
1.5
1.7
-9.2
4.2
5.1
7
8
9
10
0.9
0.5
1.0
0.3
0.9
0.7
0.7
0.8
0.8
0.6
-0.1
0.9
2.2
1.3
0.7
1.6
0.8
1.7
2.6
1.3
0.7
0.6
0.6
0.6
1.2
0.2
-1.0
0.8
1.6
0.4
-0.2
0.6
-0.3
0.9
1.6
0.6
0.4
-0.5
-3.2
0.7
1.4
0.6
0.1
0.8
0.7
2.3
3.6
1.7
1.6
1.2
0.2
1.7
2.4
1.0
-0.8
1.8
3.5
0.8
-0.5
1.4
3.0
2.1
3.8
1.3
1,8
1.6
1.4
1.7
3.5
2.2
3.7
1.6
3.1
2.1
3.9
1.3
11
Gross domestic product
Business 1.................................
Nonfarm 2...............................
Farm .......................................
Households and institutions
Households...........................
Nonprofit institutions serving
households 3 .....................
General governm ent4............
Federal...................................
State and local.......................
Addendum:
Gross housing value added
4.5
1.7
4.9
3.7
-0.3
1.1
1.1
0.8
7.3
7.6
4.8
4.3
1.0
6.1
3.7
2.8
1.0
-1.0
5.5
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit
institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
Table 1.3.3. Real Gross Value Added by Sector, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
2004
2005
2006
2007
2004
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1
2
3
4
5
6
108.748
109.396
109.337
114.835
107.853
107.518
111.944
113.229
113.097
125.338
109.353
109.431
115.054
116.682
116.664
116.668
112.824
115.089
117.388
119.063
118.951
127.943
115.821
118.550
109.977
110.843
110.723
122.130
108.429
108.265
110.786
111.842
111.736
121.537
108.647
108.501
111.502
112.722
112.547
129.206
108.975
108.840
112.560
114.039
113.867
130.193
109.333
109.136
112.928
114.314
114.239
120.416
110.457
111.249
114.264
115.893
115.902
113.068
111.725
113.478
115.022
116.719
116.727
113.939
112.666
114.890
115.250
116.815
116.806
115.862
113.365
116.013
115.681
117.301
117.221
123.802
113.540
115.975
115.696
117.096
116.970
127.500
114.723
117.586
117.056
118.715
118.628
125.493
115.594
118.387
118.425
120.313
120.213
128.120
116.319
119.024
118.374
120.127
119.992
130.659
116.647
119.201
118.631
120.328
120.265
125.276
116.894
118.834
119.188
120.780
120.762
122.277
118.108
120.331
7
8
9
10
108.393
105.592
106.285
105.282
109.387
106.376
106.992
106.100
110.212
106.991
106.857
107.046
112.654
108.403
107.655
108.732
108.761
106.068
106.979
105.661
108.956
106.232
107.127
105.832
109.268
106.283
106.845
106.030
109.700
106.378
106.780
106.195
109.623
106.613
107.217
106.342
109.731
106.482
106.346
106.539
110.105
106.649
106.383
106.764
110.290
107.255
107.324
107.220
110.723
107.577
107.375
107.662
111.395
107.848
107.162
108.148
112.350
108.073
107.026
108.535
113.181
108.634
108.030
108.898
113.691
109.058
108.402
109.346
114.675
109.661
109.403
109.773
115.549
110.230
110.443
110.133
Line
Gross domestic product
Business 1.................................
Nonfarm 2...............................
Farm .......................................
Households and institutions
Households...........................
Nonprofit institutions serving
households 3.....................
General governm ent4............
Federal...................................
State and local.......................
Addendum:
Gross housing value added
11 103.943 105.761
2005
2006
2007
2008
110.964 115.030 104.686 104.973 105.260 105.466 107.346 109.338 110.635 111.795 112.087 113.767 114.816 115.622 115.914 115.635 117.198
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit
institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
Table 1.3.4. Price Indexes for Gross Value Added by Sector
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
2005
2006
2007
2008
IV
Gross domestic product
Business 1.................................
Nonfarm 2...............................
Farm .......................................
Households and institutions
Households...........................
Nonprofit institutions serving
households3 .....................
General governm ent4............
Federal...................................
State and local.......................
Addendum:
Gross housing value added
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1
2
3
4
5
6
109.462
107.196
106.883
139.613
115.540
112.531
113.039
110.538
110.497
116.145
118.616
114.636
116.676
113.880
113.942
109.192
122.503
117.778
119.819
116.631
116.321
149.982
126.083
120.862
110.677
108.347
108.152
128.255
116.961
113.220
111.778
109.305
109.197
121.109
117.563
114.075
112.357
109.840
109.776
117.547
118.210
114.297
113.487
110.954
110.944
113.783
118.966
114.835
114.536
112.052
112.071
112.142
119.726
115.340
115.536
112.860
112.928
107.606
121.014
116.237
116.317
113.581
113.737
98.907
122.062
117.401
117.109
114.264
114.333
108.917
123.219
118.918
117.742
114.815
114.769
121.339
123.717
118.557
118.935
115.915
115.724
137.023
124.698
119.319
119.531
116.425
116.149
146.243
125.391
120.247
119.984
116.748
116.403
153.727
126.246
121.111
120.826
117.437
117.008
162.934
127.999
122.770
121.613
118.051
117.637
162.072
129.363
124.126
121.933
118.207
117.754
166.208
130.140
125.039
7
8
9
10
119.363
119.394
123.094
117.855
123.708
125.233
129.882
123.295
128.587
130.843
136.545
128.464
132.840
136.547
142.629
134.010
121.738
120.853
123.838
119.619
122.008
123.542
129.449
121.073
123.214
124.390
129.466
122.273
124.256
126.018
130.323
124.226
125.355
126.981
130.290
125.608
127.172
129.154
135.762
126.397
128.059
130.107
136.743
127.338
128.717
131.350
136.410
129.239
130.400
132.761
137.265
130.882
131.679
134.899
141.734
132.050
132.041
136.058
143.041
133.147
132.880
137.091
142.719
134.741
134.758
138.142
143.022
136.102
136.128
139.658
145.621
137.167
136.715
140.766
146.544
138.353
11 112.534 114.702 117.808 121.146 113.223 114.098 114.365 114.911
115.433 116.280 117.374 118.823 118.755 119.615 120.514 121.401
123.054 124.357 125.270
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit
institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
August 2008
Survey of Current Business
41
Table 1.3.5. Gross Value Added by Sector
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2007
2006
2004
2005
IV
Gross domestic product
Business 1.................................
Nonfarm 2...............................
Farm .......................................
Households and institutions
Households...........................
Nonprofit institutions serving
households 3 .....................
General governm ent4............
Federal...................................
State and local.......................
Addendum:
Gross housing value added
I
II
2007
2006
III
I
IV
II
III
IV
I
II
2008
III
IV
I
II
1 11,685.9 12,421.9 13,178.4 13,807.5 11,948.5 12,155.4 12,297.5 12,538.2 12,696.4 12,959.6 13,134.1 13,249.6 13,370.1 13,510.9 13,737.5 13,950.6 14,031.2 14,150.8 14,256.5
2 8,987.5 9,591.8 10,183.8 10,642.3 9,203.6 9,368.0 9,488.0 9,695.4 9,815.9 10,024.1 10,160.3 10,229.7 10,321.0 10,405.2 10,594.7 10,767.0 10,802.5 10,874.7 10,931.9
3 8,872.8 9,487.7 10,092.6 10,505.1 9,091.4 9,262.0 9,379.4 9,589.6 9,719.7 9,937.4 10,080.0 10,139.6 10,213.5 10,277.1 10,460.4 10,623.7 10,659.1 10,739.2 10,795.9
4
114.7
104.1
108.7
86.7
80.3
107.4
143.2
143.4
135.5
91.1
137.3
112.2
106.0
105.7
96.1
90.1
128.1
134.3
135.9
5 1,350.0 1,405.2 1,497.3 1,582.0 1,373.8 1,383.7 1,395.5 1,409.0 1,432.6 1,464.6 1,489.7 1,513.2 1,521.7 1,549.7 1,570.1 1,590.8 1,617.4 1,638.1 1,665.0
6
744.9
772.3
834.5
882.1
762.0
765.8
771.5
789.9
830.3
846.4
863.7
876.4
887.4
754.6
812.0
849.3
900.9
908.1
926.3
7
8
9
10
605.1
1,348.4
412.6
935.8
632.9
1,424.9
438.2
986.6
662.8
1,497.3
460.1
1,037.2
699.9
1,583.2
484.2
1,099.0
619.2
1,371.0
417.8
953.2
621.7
1,403.7
437.3
966.4
629.6
1,414.0
436.2
977.8
637.5
1,433.8
438.9
995.0
642.7
1,448.0
440.5
1,007.4
652.6
1,470.9
455.3
1,015.6
659.4
1,484.1
458.8
1,025.3
663.9
1,506.8
461.7
1,045.1
675.2
1,527.5
464.8
1,062.7
686.0
1,556.0
479.0
1,077.1
693.8
1,572.7
482.8
1,089.9
703.3
1,592.8
486.2
1,106.6
716.5
1,611.3
488.9
1,122.4
730.0
1,638.0
502.4
1,135.6
738.8
1,659.6
510.4
1,149.2
11
929.1
963.5
1,038.3
1,106.9
941.4
951.3
956.1
962.6
984.2
1,009.8
1,031.3
1,055.0
1,057.2
1,080.8
1,099.0
1,114.8
1,132.9
1,142.1
1,166.1
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit
institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
2004
Line
2005
2007
2006
2004
2005
IV
Gross domestic product
Business 1.................................
Nonfarm 2...............................
Farm .......................................
Households and institutions
Households...........................
Nonprofit institutions serving
households 3 .....................
General governm ent4............
Federal...................................
State and local.......................
Residual......................................
Addendum:
Gross housing value added
I
II
2006
III
IV
I
II
2007
III
I
IV
II
2008
IV
III
II
I
1 10,675.8 10,989.5 11,294.8 11,523.9 10,796.4 10,875.8 10,946.1 11,050.0 11,086.1 11,217.3 11,291.7 11,314.1 11,356.4 11,357.8 11,491.4 11,625.7 11,620.7 11,646.0 11,700.6
2 8,387.0 8,680.9 8,945.6 9,128.2 8,498.0 8,574.6 8,642.0 8,743.0 8,764.1 8,885.1 8,948.5 8,955.8 8,993.1 8,977.4 9,101.5 9,224.0 9,209.7 9,225.2 9,259.8
3 8,304.3 8,589.9 8,860.8 9,034.5 8,409.6 8,486.5 8,548.1 8,648.4 8,676.6 8,802.9 8,865.6 8,871.6 8,903.1 8,884.0 9,010.0 9,130.4 9,113.6 9,134.3 9,172.0
4
82.1
89.6
83.4
91.5
87.4
86.9
92.4
93.1
86.1
80.9
81.5
82.9
88.6
91.2
89.8
89.6
91.6
93.5
87.5
5 1,165.6 1,181.8 1,219.3 1,251.7 1,171.8 1,174.2 1,177.7 1,181.6 1,193.7 1,207.4 1,217.6 1,225.1 1,227.0 1,239.8 1,249.2 1,257.1 1,260.6 1,263.3 1,276.4
673.7
6
661.9
708.5
729.9
666.5
668.0
670.1
671.9
684.9
698.6
707.3
714.2
714.0
723.9
728.8
732.8
733.9
731.6
740.8
7
8
9
10
11
504.1
1,129.4
335.2
794.1
-5.9
508.7
1,137.8
337.4
800.2
-10.0
512.6
1,144.4
337.0
807.4
-14.9
523.9
1,159.5
339.5
820.1
-15.5
505.8
1,134.5
337.4
796.9
-7.2
506.7
1,136.2
337.8
798.2
-8.3
508.2
1,136.8
336.9
799.7
-9.3
510.2
1,137.8
336.7
801.0
-11.3
509.8
1,140.3
338.1
802.1
-11.5
510.3
1,138.9
335.4
803.5
-14.3
512.1
1,140.7
335.5
805.2
-15.5
512.9
1,147.2
338.5
808.7
-14.7
514.9
1,150.6
338.6
812.0
-14.8
518.1
1,153.5
337.9
815.7
-13.0
522.5
1,155.9
337.5
818.6
-15.8
526.4
1,161.9
340.7
821.3
-17.5
528.7
1,166.5
341.9
824.7
-15.6
533.3
1,172.9
345.0
827.9
-15.7
537.4
1,179.0
348.3
830.7
-16.1
12
825.6
840.0
881.4
913.7
831.5
833.8
836.1
837.7
852.6
868.5
878.8
888.0
890.3
903.6
912.0
918.4
920.7
918.5
930.9
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2 . Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit
institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
N o te . Chained ( 2 0 0 0 ) dollar series are calculated as th e product o f the chain-type quantity index and the 2 3 0 0 current-dollar value o f the corresponding series, divided by 1 00. Because the formula for the chain-type quantity indexes uses weights of
more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases,
and Real Final Sales to Domestic Purchasers
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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....................................
Addendum:
Final sales of domestic product....
1
2
3
3.6
9.7
11.3
2.9
7.0
5.9
2.8
9.1
6.0
2.0
8.4
2.2
2005
I
2.5
10.0
13.8
3.0
8.1
3.2
2006
III
II
2.6
8.8
0.6
IV
3.8
0.4
0.8
I
1.3
10.9
15.3
4.8
16.7
10.3
II
2007
III
2.7
5.5
0.1
IV
0.8
3.5
3.1
2008
II
1.5
15.6
2.0
0.1
0.6
7.7
III
IV
I
II
4.8
8.8
-3.7
4.8
23.0
3.0
-0.2
4.4
-2.3
0.9
5.1
-0.8
1.9
9.2
-6.6
4
4.1
1.7
3.7
2.9
3.0
2.6
1.4
3.4
2.5
2.5
4.5
2.0
0.2
1.2
2.6
-1.0
0.1
-0.5
0.9
5 ............. ............. ............. ............ ............. ............. ............ ............. ............. ............. ............ ............. ............. ..... .... ............. ............. ............ ............ .............
6
3.8
3.1
2.6
1.8
3.6
1.9
3.7
3.9
1.0
4.8
1.6
1.0
1.5
2.2
2.5
1.9
-0.1
0.1
1.3
7
3.3
3.1
2.8
2.4
2.7
2.3
4.8
4.1
-0.3
5.1
2.3
0.9
2.9
1.1
4.3
4.0
0.8
0.9
3.9
42
Domestic Product and Income
August 2008
Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
2005
I
II
2006
III
IV
I
II
2007
III
IV
1 108.748 111.944 115.054 117.388 109.977 110.786 111.502 112.560 112.928 114.264 115.022 115.250 115.681
Gross domestic product............
Less: Exports of goods and
services......................................
Plus: Imports of goods and
services......................................
Equals: Gross domestic
purchases..................................
Less: Change in private
2 102.723 109.942 119.937 130.068 105.385 107.447 109.747 109.853 112.721
I
II
2008
III
IV
II
I
115.696 117.056 118.425 118.374 118.631 119.188
117.147 118.712 119.734 124.153 124.343 126.992 133.747 135.189 136.880 139.934
3 116.546 123.455 130.815 133.654 121.135 122.083 122.271
4 110.444 113.744 116.748 118.343 111.992 112.692 113.171
Equals: Final sales to domestic
purchasers................................
Addendum:
Final sales of domestic product
122.509 126.955 130.118 130.161
114.210 114.905 116.180 116.750 117.007 117.056 117.403 118.259 119.013 118.700 118.726 118.574
131.164 131.818 134.289 133.041
6 110.505 113.959 116.948 118.995 112.029 112.563 113.599 114.700 114.975 116.337 116.811 117.102 117.541
7 108.804 112.159 115.254 118.062 110.005 110.643 111.940 113.063 112.990 114.417 115.077 115.341
134.033 133.254 132.991
130.728
118.178 116.906 119.469 119.427 119.461 119.853
116.180 116.495 117.725 118.898 119.133 119.397 120.531
Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
2005
I
2006
III
II
IV
II
I
2007
III
IV
I
II
2008
III
IV
I
II
1 109.462 113.039 116.676 119.819 110.677 111.778 112.357 113.487 114.536 115.536 116.317 117.109 117.742 118.935 119.531 119.984 120.826 121.613 121.933
Gross domestic product............
Less: Exports of goods and
services......................................
Plus: Imports of goods and
services......................................
Equals: Gross domestic
purchases..................................
Less: Change in private
2 104.997 108.814 112.618 116.586 106.362 107.557 108.489 109.169 110.042 110.834 112.418 113.722 113.499 114.520 116.011
117.018 118.794 121.397 124.406
3 104.526 111.154 115.932 120.168 106.973 107.582 110.096 112.840 114.098 113.796 116.619 118.055 115.258 115.514 119.050 121.200 124.907 128.722 137.080
4 109.235 113.263 117.066 120.294 110.622 111.638 112.484 113.913 115.016 115.832 116.859 117.700 117.873 118.931 119.908 120.571 121.766 122.821 124.098
5
Equals: Final sales to domestic
purchasers................................
Addendum:
Final sales of domestic product
6 109.259 113.299 117.101
120.329 110.646 111.662 112.513 113.954 115.066 115.872 116.896 117.735 117.902 118.964 119.946 120.609 121.798 122.863 124.161
7 109.487 113.074 116.710 119.853 110.699 111.801
112.385 113.526 114.585 115.576 116.353 117.141
117.769 118.967 119.569 120.020 120.856 121.653 121.996
Table 1.4.5. Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
2005
I
II
2006
III
I
IV
II
2007
III
I
IV
II
2008
III
IV
I
II
1 11,685.9 12,421.9 13,178.4 13,807.5 11,948.5 12,155.4 12,297.5 12,538.2 12,696.4 12,959.6 13,134.1 13,249.6 13,370.1 13,510.9 13,737.5 13,950.6 14,031.2 14,150.8 14,256.5
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................................
Addendum:
Final sales of domestic product
2
3
1,182.4
1,797.8
1,311.5
1,480.8
1,662.4
1,228.6
1,266.8
2,025.1
2,238.1
2,370.2
1,911.2
1,937.5
1,305.1
1,986.0
1,314.5
1,359.6
1,423.2
2,039.6
2,137.4
2,184.9
1,462.8
1,492.5
1,544.5
1,560.5
1,614.4
1,714.9
1,759.7
1,820.8
1,907.5
2,240.0
2,285.2
2,242.2
2,289.4
2,337.5
2,397.5
2,456.5
2,526.5
2,644.8
4 12,301.3 13,135.5 13,935.7 14,515.3 12,631.1 12,826.1 12,978.4 13,263.3 13,474.1 13,721.4 13,911.3 14,042.3 14,067.9 14,239.7 14,460.6 14,633.1 14,728.0 14,856.6 14,993.7
5
58.6
43.3
49.3
-3.6
63.4
82.6
19.4
11.0
60.3
53.1
65.9
62.5
15.8
-15.6
-0.9
23.0
-21.1
-25.6
-95.0
6 12,242.7 13,092.1 13,886.4 14,519.0 12,567.6 12,743.4 12,959.0 13,252.3 13,413.8 13,668.3 13,845.5 13,979.7 14,052.0 14,255.3 14,461.5 14,610.1 14,749.0 14,882.2 15,088.7
7 11,627.3 12,378.6 13,129.0 13,811.2 11,885.0 12,072.7 12,278.1 12,527.2 12,636.1 12,906.5 13,068.3 13,187.1 13,354.3 13,526.5 13,738.4 13,927.6 14,052.3 14,176.4 14,351.5
Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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................................
Addendum:
Final sales of domestic product
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 10,675.8 10,989.5 11,294.8 11,523.9 10,796.4 10,875.8 10,946.1 11,050.0 11,086.1 11,217,3 11,291.7 11,314.1 11,356.4 11,357.8 11,491.4 11,625.7 11,620.7 11,646.0 11,700.6
2
1,126.1
1,205.3
1,314.8
1,425.9
1,155.3
1,177.9
1,203.1
1,204.3
1,235.7
1,284.3
1,301.4
1,312.6
1,361.1
1,363.2
1,392.2
1,466.2
1,482.1
1,500.6
1,534.1
3
1,719.9
1,821.9
1,930.5
1,972.4
1,787.7
1,801.7
1,804.4
1,807.9
1,873.6
1,920.2
1,920.9
1,935.7
1,945.3
1,981.8
1,963.4
1,978.0
1,966.5
1,962.6
1,929.2
4 11,261.4 11,597.8 11,904.1 12,066.8 11,419.2 11,490.6 11,539.4 11,645.4 11,716.2 11,846.2 11,904.4 11,930.6 11,935.6 11,970.9 12,058.2 12,135.1 12,103.2 12,105.8 12,090.3
b
54.3
38.9
42.3
-2.5
57.2
74.6
16.7
11.0
53.5
45.9
56.9
53.3
13.1
-15.0
-2.8
16.0
-8.1
-10.2
-62.2
6 11,205.2 11,555.4 11,858.5 12,066.0 11,359.7 11,413.8 11,518.9 11,630.5 11,658.4 11,796.5 11,844.6 11,874.1 11,918.6 11,983.2 12,057.0 12,114.1 12,109.8 12,113.3 12,153.0
7 10,619.8 10,947.3 11,249.3 11,523.4 10,737.0 10,799.3 10,925.9 11,035.5 11,028.4 11,167.6 11,232.1 11,257.8 11,339.7 11,370.5 11,490.5 11,605.0 11,628.0 11,653.7 11,764.4
N o te . Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 0 current-dollar value of the corresponding series, divided by 1 0 0 . Because the formula for the chain-type quantity indexes uses weights of more
than one period, the corresponding chained-dollar estimates are usually not additive.
August 2008
43
S u r v e y o f C u r r e n t B u s in e s s
Table 1.5.1. Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic product..........................
Personal consumption expenditures.............
Durable goods...............................................
Motor vehicles and parts..........................
Furniture and household equipment.........
Other.........................................................
Nondurable goods
Food.................
Clothing and shoes....................................
Gasoline, fuel oil, and other energy goods
Other.........................................................
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.................................
Software 1.....................................
Other.............................................
Industrial equipment.........................
Transportation equipment.................
Other equipment................................
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.......................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
II
I
2007
2006
III
IV
I
III
II
IV
I
II
2008
III
IV
II
I
3.6
3.6
2.9
3.0
2.8
3.0
2.0
2.8
2.5
4.2
3.0
1.7
2.6
3.6
3.8
3.7
1.3
1.4
4.8
4.3
2.7
2.8
0.8
2.2
1.5
3.7
0.1
3.9
4.8
2.0
4.8
2.0
-0.2
1.0
0.9
0.9
1.9
1.5
6.3
2.0
11.9
6.5
3.5
3.2
4.9
1.3
4.2
3.2
3.0
2.4
1.1
3.3
1.4
3.0
4.9
3.7
4.6
-0.2
10.3
5.1
3.4
3.8
6.2
-0.3
3.1
2.6
3.2
1.6
2.5
1.1
1.2
3.4
1.9
1.8
4.5
-2.6
12.1
6.3
3.7
4.0
5.9
-2.0
4.5
2.5
3.2
-0.4
-3.0
1.5
2.0
2.6
3.2
2.5
4.8
2.0
8.0
4.8
2.5
1.9
4.7
0.8
3.2
2.6
1.5
1.8
1.9
1.8
1.9
2.9
4.5
3.2
7.0
6.3
8.4
5.9
4.9
6.4
8.7
-0.2
2.5
3.4
2.9
4.0
10.2
0.3
2.3
3.4
0.9
4.5
0.6
-8.3
8.9
6.7
2.4
3.3
5.6
^1.1
2.1
1.7
3.2
0.1
1.9
-1.1
0.6
2.5
2.8
-0.3
12.1
15.5
9.9
8.4
4.2
3.1
10.4
4.3
3.1
1.7
3.5
0.4
0.1
0.6
0.9
3.2
0.8
-0.8
5.4
4.1
13.0
-4.9
3.0
4.9
0.2
0.9
2.0
3.8
3.8
4.1
7.7
1.6
0.9
4.1
1.5
4.8
-11.7
-36.9
14.3
11.2
4.7
4.0
13.7
-1.3
4.6
2.5
3.4
-0.3
-2.4
1.2
0.4
3.3
1.5
2.5
18.9
17.6
19.9
20.0
4.4
5.4
6.9
-6.1
6.2
1.6
3.6
-9.8
-22.1
0.3
3.1
3.2
2.9
1.6
1.8
1.7
5.1
-3.8
3.1
4.7
0.8
-4.0
5.0
2.8
3.0
7.1
13.5
2.7
3.3
1.3
1.6
2.9
3.5
1.9
6.9
0.3
2.3
1.1
5.3
1.0
3.5
2.0
2.5
2.8
3.5
2.2
1.2
0.6
6.6
1.6
4.2
0.2
7.9
5.7
3.1
2.1
4.5
1.2
4.9
3.9
2.1
0.8
-0.9
1.9
4.0
3.0
12.9
5.8
9.2
9.3
11.7
4.2
3.5
1.2
9.3
5.4
3.9
3.1
1.2
1.9
4.7
0.1
1.0
5.3
1.9
3.8
5.0
1.6
5.6
10.6
1.9
2.8
2.7
-2.6
2.1
1.4
0.8
0.5
-2.4
2.6
1.5
1.0
2.5
2.7
2.3
-6.7
8.8
9.4
1.2
0.3
4.4
-0.4
2.0
2.4
0.7
1.6
1.1
1.9
2.3
3.7
2.4
2.8
0.4
-0.8
3.9
-3.6
0.3
2.8
-3.2
-1.7
-1.5
1.4
1.2
2.5
0.5
3.9
-0.8
4.0
-0.4
-0.8
-4.3
-10.7
1.8
-2.3
-0.4
1.3
3.0
-6.0
-1.8
2.4
0.5
1.8
7.4
-2.1
1.7
4.9
-4.7
4.1
-3.0
-18.5
13.4
0.0
4.0
2.9
10.3
-1.3
6.2
1.1
1.7
1.7
2.9
0.9
-1.8
3.4
0.9
-1.6
9.7
5.8
2.1
-5.4
6.4
9.1
-5.1
4.0
12.2
6.2
-0.4
-5.3
-15.0
-9.6
6.2
3.5
-11.9
-5.8
-14.8
7.3
5.8
1.3
7.4
6.8
7.2
1.3
9.3
1.9
7.5
8.2
7.2
-3.1
4.9
12.7
1.7
7.3
10.3
-0.2
14.3
5.3
3.7
7.5
2.3
7.6
6.3
-1.3
9.2
5.3
6.1
-9.2
12.2
2.3
3.7
1.9
4.4
8.3
15.9
15.6
16.3
-2.5
6.4
19.7
1.7
-4.8
5.3
14.3
2.0
-7.6
-1.0
2.5
-2.4
-3.4
3.4
11.2
0.0
3.0
10.3
18.3
6.9
-0.9
8.7
20.5
3.6
-6.2
3.4
8.5
1.0
-5.6
2.4
8.6
-0.6
-2.4
2.3
14.4
-3.4
9.3
8.1
9.1
9.6
11.7
6.1
8.4
9.5
8.6
16.4
3.2
9.1
0.9
17.3
11.5
8.7
10.5
7.2
9.4
24.7
40.4
27.7
11.3
16.0
17.9
-8.3
19.3
14.1
39.2
3.2
28.3
19.5
19.3
27.5
20.8
13.9
9.2
4.1
10.0
4.6
1.4
4.9
14.4
6.4
6.9
11.6
10.9
2.7
6.3
2.2
9.1
14.0
9.9
5.4
8.4
5.8
7.9
-0.4
16.0
1.2
-0.8
-4.8
-8.4
15.9
7.1
6.5
15.5
28.6
8.6
7.3
8.4
5.7
1.4
16.4
-7.2
-3.1
5.2
10.0
-3.2
20.9
-1.5
29.2
-2.8 -14.3
16.5
-5.3
-8.5
14.5
6.7 -12.6
19.4
14.8
35.6 -14.7
25.4 -16.6
46.5 -16.6
4.5 -10.8 -15.0 -23.4
-5.6 -15.2
-3.7 -20.3
8.7
4.1
-5.2
11.1
2.9
14.2
5.4
6.1
3.3
12.2
1.3
6.2
4.6
6.3
-8.5
6.3
-7.1
-17.9
2.4
9.7
0.2
10.0
8.1
4.0
-3.6 -16.6 -21.4 -19.5 -16.2 -11.5 -20.6 -27.0
........... .......... ........... ........... ........... ........... ............ ............ ........... ........... ........... ........... ........... ........... ........... ........... ............
16.1
9.9
0.2
0.8
-14.0
-12.5
-25.1
12.9
4.5
13.8
6.1
-48.0
-6.0
-15.6
............ ........... ............ ............ ............ ............ ............ ............ ............ ........... ............ ............ ............ ............ ............ ............
............ ........... ............ ............ ............ ............ ............ ............ ............ ........... ............ ............ ............ ............ ............ ............
............
............ ........... ............
............ ........... ............
......97
9.0
11.5
11.3
11.3
11.5
7.0
7.7
5.6
5.9
6.8
1.4
1.4
0.4
1.7
2.1
-1.8
-0.2
0.9
3.4
-1.7
3.9
1.2
1.7
1.6
0.9
3.9
3.8
0.8
1.9
3.4
4.2
5.8
5.2
10.3
1.1
1.1
1.3
-0.2
0.1
-1.2
1.2
1.5
1.0
5.5
0.6
0.0
4.4
-0.1
0.1
-1.1
2.3
1.6
0.8
7.0
3.6
2.6
10.7
1.3
1.7
-0.2
1.6
2.5
2.6
1.6
-0.2
-0.2
0.2
2.3
2.0
3.7
-4.6
-9.7
-10.2
-5.7
6.5
6.0
9.9
-0.1
1.2
-5.1
1.1
3.1
5.5
-12.6
-2.7
-1.5
-11.1
-1.0
-1.3
0.5
1.1
4.0
1.6
23.4
-4.5
-5.4
2.9
0.8
0.2
3.4
9.7
12.3
11.3
19.4
4.4
1.6
25.8
-0.1
0.6
-3.0
-7.2
-14.2
-15.6
^t.O
8.9
5.1
37.3
1.6
1.0
4.4
10.0
8.8
10.4
-1.8
12.4
11.6
17.8
0.5
2.4
-7.2
-1.5
1.9
-0.6
21.1
-8.1
-6.3
-18.9
2.9
1.7
8.1
1.9
-0.9
0.1
-7.5
7.7
7.5
8.7
1.6
2.5
-2.1
1.8
7.0
3.4
34.6
-8.1
-9.6
2.0
1.5
2.4
-2.4
-3.6
-5.9
-1.9
-29.3
1.2
3.3
-11.6
3.6
2.0
10.3
6.7
8.5
6.7
21.7
3.1
1.2
17.2
2.4
1.7
5.1
7.2
10.2
10.9
5.4
1.2
1.7
-2.2
1.9
1.5
3.5
-0.5
-0.9
-1.4
3.0
0.4
-0.8
8.1
1.6
1.6
1.5
5.8
7.3
7.4
6.0
2.9
2.9
2.8
-0.3
1.4
-6.8
6.7
7.3
3.6
36.7
5.3
4.1
14.0
1.6
1.0
3.9
9.1
9.9
7.2
6.0
6.0
6.0
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2005
8.4 .....io.o ...... 8.1 ......8.8 ...... 0.4 ....io ’9 ....16.7 ....... 5.5 ......3.5 .....15.6 ......0.6 ......8.8 ....23.0 ......44 ...... s'i ....... 9.2
7.5
7.2
7.1
13.2
6.7
10.4
2.1
11.9
14.5
-0.8
18.1
3.6
21.8
5.1
4.5
6.9
10.5
5.7
2.7
6.4
16.8
10.2
-2.8
3.2
13.4
3.2
28.6
-2.7
25.9
2.7
3.5
13.3
2.2
13.8
3.2
0.6
0.8
15.3
10.3
3.1
2.0
7.7
-3.7
3.0
-2.3
-0.8
-6.6
0.1
1.7
14.5
0.7
1.1
17.0
0.5
8.4
2.4
-2.0
-6.3
5.0
9.0
3.8
-0.8
-4.0
-2.6
4.4
-8.4
10.5
-5.7
0.0
-1.0
6.8
17.7
-2.0
18.4
4.2
6.3
-0.9
5.5
-0.3
-2.0
August 2008
Dom estic Product and Income
44
Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Percent change at annual rate:
Gross domestic product........
Percentage points at annual rates:
Personal consumption
expenditures.................................
Durable goods..............................
Motor vehicles and parts.........
Furniture and household
equipment.............................
Other........................................
Nondurable goods.......................
Food.........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Other........................................
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
Software 1...................
Other...........................
Industrial equipment........
Transportation equipment
Other equipment..............
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......................
1
3.6
2
3
4
2.56
2.13
2.13
1.95
2.93
0,53
0.08
0.38
-0.01
0.36
-0.09
0.38
0.07
0.57
0.23
5
6
7
8
9
0.35
0.10
0.71
0.31
0.14
0.30
0.08
0.69
0.36
0.17
0.35
0.10
0.74
0.38
0.16
0.24
0.08
0.50
0.18
0.13
0.25
0.09
0.97
0.60
0.23
10
11
12
13
14
15
16
17
18
19
20
0.03
0.24
1.32
0.32
0.10
0.02
0.08
0.04
0.36
0.14
0.36
-0.01
0.17
1.06
0.33
0.06
0.04
0.03
0.03
0.40
0.06
0.18
-0.05
0.25
1.02
0.34
-0.02
-0.05
0.03
0.05
0.31
0.09
0.24
0.02
0.17
1.07
0.16
0.07
0.03
0.04
0.05
0.35
0.13
0.31
0.00
0.14
1.39
0.31
0.15
0.15
0.01
0.06
0.40
0.03
0.44
21
22
23
24
25
1.48
0.95
0.35
-0.90
1.10
0.56
0.03
0.53
1.08
0.71
0.03
0.67
0.32
0.77
0.23
0.54
-0.50
0.52
0.40
0.13
26
0.33
0.29
0.32
0.34
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
0.08
0.14
0.12
-0.04
0.16
0.07
0.53
0.39
0.06
0.32
0.10
0.11
0.08
0.10
0.17
0.11
0.37
-0.13
-0.06
-0.07
0.15
0.06
0.11
0.07
0.09
0.05
-0.45
0.03
-0.03
0.06
-0.68
-0.21
0.93
0.60
0.33
-1.61
-1.33
-0.27
0.71
0.54
0.17
-0.93
-0.89
-0.04
0.27
0.29
0.27
0.21
0.06
0.03
0.02
0.00
-0.02
0.01
-0.03
44
45
46
47
48
49
50
51
52
53
54
2.9
2.8
2.0
II
3.0
IV
III
1.3
I
II
4.8
III
2.7
IV
0.8
1.5
I
II
0.1
2008
III
4.8
IV
4.8
-0.2
I
II
0.9
1.9
2.6
3.8
1.25
2.50
2.59
0.94
2.86
1.88
1.52
2.55
2.71
1.42
1.44
0.67
0.61
1.08
0.04
-0.32
0.95
0.53
0.44
0.15
-1.02
-1.59
1.37
0.53
0.14
0.06
0.27
0.06
0.33
0.01
0.71
0.30
0.40
0.05
0.19
-0.22
0.03
-0.03
-0.33
-0.35
-0.23
-0.60
0.26
0.11
0.49
0.32
0.15
0.29
0.13
0.83
0.29
0.27
0.37
-0.08
0.59
0.45
0.00
0.41
0.17
0.93
0.37
0.35
0.55
0.29
0.85
0.50
0.18
0.15
-0.06
0.62
0.43
0.02
0.20
0.00
0.46
0.10
0.14
0.23
0.09
0.62
0.20
0.12
0.34
0.07
0.71
0.12
0.25
0.17
0.17
0.40
0.27
0.08
0.26
0.15
0.25
0.03
0.12
0.11
-0.06
0.05
0.27
-0.09
0.05
-0.04
-0.08
0.13
0.08
0.37
0.00
0.83
0.28
0.26
-0.09
0.12
0.72
0.34
0.01
0.03
-0.02
0.02
0.31
0.08
-0.03
0.09
0.17
0.72
0.36
0.02
0.00
0.01
0.02
0.37
0.02
-0.08
0.02
0.11
1.55
0.39
0.15
0.12
0.04
0.02
0.48
0.04
0.46
-0.04
0.25
1.02
0.35
-0.01
-0.04
0.03
0.01
0.39
0.04
0.24
-0.17
0.33
0.64
0.37
-0.42
-0.42
0.01
0.08
0.37
0.08
0.16
-0.11
0.27
1.12
0.31
0.26
0.20
0.06
0.08
0.15
0.04
0.27
0.03
0.19
0.79
0.25
0.10
0.05
0.05
0.03
0.07
0.18
0.15
0.03
0.26
1.61
0.22
0.03
-0.01
0.04
0.10
0.35
0.36
0.55
0.13
0.22
1.29
0.12
0.08
0.07
0.00
0.03
0.63
0.06
0.37
-0.07
0.12
0.62
0.09
0.02
-0.04
0.06
0.04
0.13
0.08
0.27
-0.01
0.11
1.00
0.08
0.06
0.02
0.04
0.06
0.45
0.07
0.28
-0.05
-0.08
0.59
0.12
0.09
0.01
0.08
-0.02
0.48
-0.01
-0.08
-0.18
-0.10
1.02
0.05
0.07
0.11
-0.05
0.04
0.59
-0.14
0.40
-0.04
0.33
0.47
0.18
0.07
0.05
0.02
-0.05
0.41
0.03
-0.16
1.04
1.48
-0.86
0.69
1.98
1.15
-0.02
-0.92
-2.68
-1.63
0.94
0.54
-1.93
-0.89
-2.28
1.14
1.00
0.00
1.01
0.85
0.37
0.19
0.18
1.21
0.64
-0.04
0.68
0.88
0.64
-0.26
0.90
0.41
0.40
0.05
0.35
1.39
1.62
0.42
1.20
-0.40
0.71
0.54
0.16
-0.81
0.59
0.42
0.17
-1.27
-0.09
0.08
-0.18
-0.57
0.33
0.35
-0.02
0.47
1.07
0.57
0.50
-0.15
0.91
0.65
0.26
-0.97
0.36
0.29
0.07
-0.86
0.26
0.30
-0.04
-0.36
0.25
0.51
-0.25
0.41
0.23
0.31
0.36
0.33
0.61
0.15
0.34
0.04
0.57
0.41
0.31
0.37
0.27
0.35
0.11
0.15
0.08
0.02
-0.17
-0.07
-1.02
-0.40
0.04
-0.44
0.24
0.17
0.00
0.06
0.40
0.13
0.14
-0.11
-0.14
0.03
-0.06
0.07
0.22
0.12
-0.20
0.04
0.48
0.63
-0.22
0.85
0.12
0.16
0.03
-0.04
0.24
0.17
0.57
-2.07
0.14
-2.20
0.09
0.04
0.23
0.19
0.31
0.04
0.25
-0.19
0.19
-0.39
0.22
0.10
0.02
0.19
-0.24
0.07
0.01
1.56
-0.15
1.71
0.16
0.03
0.41
-0.07
0.52
0.15
-0.23
-0.24
0.02
-0.26
0.17
0.02
-0.04
0.25
-0.25
0.02
-1.11
0.38
-0.24
0.62
0.13
0.07
0.14
-0.12
0.06
-0.12
-1.40
-0.11
0.00
-0.12
0.02
0.14
-0.11
-0.02
-0.15
-0.05
-1.18
-1.41
0.12
-1.52
0.17
0.21
0.19
-0.10
-0.21
-0.28
-0.91
-1.06
-0.07
-0.99
0.09
0.22
0.09
0.34
-0.32
0.07
-0.60
0.47
0.14
0.33
0.12
0.10
0.09
-0.04
-0.07
0.06
-1.06
0.69
-0.08
0.77
0.12
0.16
0.10
-0.20
-0.18
0.08
-1.33
-0.96
0.47
-1.43
0.10
0.16
0.00
0.01
-0.16
-0.16
-1.12
-0.02
-0.17
0.15
0.08
0.08
0.19
0.08
-0.60
-0.07
-0.62
-1.92
-0.18
-1.74
-0.02
0.58
-1.07
0.28
0.79
-0.07
-1.26
0.09
0.59
-0.12
1.33
-1.20
1.66
2.03
0.94
0.77
2.42
0.96
0.73
0.23
-0.98
-0.82
-0.16
0.95
0.59
0.36
-0.37
-0.25
-0.12
0.97
0.49
0.49
-2.04
-1.78
-0.26
0.80
0.49
0.31
-0.52
-0.67
0.15
0.89
0.98
-0.09
-0.10
-0.10
0.00
0.04
-0.06
0.10
-0.11
-0.14
0.03
1.09
0.91
0.18
-2.35
-2.18
-0.17
1.70
1.27
0.42
-1.61
-1.18
-0.43
0.58
0.49
0.09
0.01
-0.04
0.05
0.39
0.28
0.11
-0.51
-0.51
0.01
1.66
0.78
0.87
-0.33
0.13
-0.46
0.06
0.15
-0.09
-1.25
-1.14
-0.11
1.01
0.55
0.46
0.65
0.59
0.06
2.54
1.66
0.88
-0.51
-0.34
-0.17
0.53
0.43
0.10
0.40
0.38
0.02
0.63
0.39
0.24
0.14
0.29
-0.15
1.16
1.02
0.14
1.26
1.00
0.26
0.07
0.32
0.40
-0.35
-0.04
0.17
0.65
-0.34
0.72
0.23
0.32
0.30
0.17
0.77
0.75
0.16
0.38
0.67
0.09
0.07
0.04
0.03
0.01
0.00
0.01
-0.01
0.01
-0.03
0.16
0.08
0.04
0.04
0.08
0.05
0.03
0.16
0.16
0.00
0.11
0.12
0.11
0.01
0.00
0.00
0.00
0.28
0.20
0.09
-0.33
-0.48
-0.45
-0.04
0.15
0.12
0.03
-0.01
0.11
-0.12
0.08
0.14
0.22
-0.08
-0.07
-0.03
-0.03
-0.12
-0.13
0.01
0.08
0.18
0.06
0.12
-0.11
-0.12
0.01
0.10
0.02
0.08
0.66
0.56
0.45
0.11
0.10
0.03
0.07
-0.01
0.06
-0.07
-0.53
-0.73
-0.70
-0.02
0.20
0.10
0.10
0.19
0.09
0.10
0.66
0.39
0.40
-0.01
0.27
0.22
0.05
0.06
0.23
-0.18
-0.11
0.09
-0.02
0.11
-0.20
-0.14
-0.07
0.34
0.16
0.18
0.13
-0.04
0.00
-0.05
0.17
0.15
0.03
0.19
0.24
-0.05
0.12
0.32
0.14
0.18
-0.20
-0.20
0.01
0.18
0.23
-0.06
-0.26
-0.29
-0.08
-0.21
0.03
0.06
-0.04
0.43
0.20
0.24
0.47
0.40
0.28
0.12
0.07
0.02
0.05
0.30
0.17
0.13
0.51
0.48
0.45
0.03
0.03
0.03
-0.01
0.24
0.15
0.09
-0.04
-0.04
-0.06
0.02
0.01
-0.02
0.02
0.19
0.15
0.04
0.41
0.34
0.31
0.04
0.06
0.06
0.01
-0.03
0.14
-0.18
0.48
0.36
0.16
0.20
0.12
0.08
0.04
0.20
0.10
0.09
1. Excludes software “embedded," or bundled, in computers and other equipment.
2.5
I
2007
2006
2005
August 2008
45
S u r v e y o f C u r r e n t B u s in e s s
Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Gross domestic product........
Personal consumption
expenditures.................................
Durable goods..............................
Motor vehicles and parts.........
Furniture and household
equipment.............................
Other........................................
Nondurable goods.......................
Food.........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Other........................................
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
Software 1...................
Other...........................
Industrial equipment........
Transportation equipment
Other equipment..............
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.....................
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 108.748 111.944 115.054 117.388 109.977 110.786 111.502 112.560 112.928 114.264 115.022 115.250 115.681 115.696 117.056 118.425 118.374 118.631 119.188
2 112.197 115.615 119.135 122.456 113.724 114.217 115.239 116.303 116.701 117.925 118.737 119.393 120.485 121.631 122.226 122.838 123.130 123.395 123.862
3 125.652 131.397 137.274 143.908 128.580 128.761 132.478 134.236 130.112 135.877 136.485 137.652 139.081 142.162 143.894 144.720 144.856 143.284 142.204
4 116.638 116.387 113.304 115.582 118.444 115.892 120.132 121.350 108.176 112.658 113.137 113.684 113.738 116.303 116.767 114.746 114.513 111.313 105.750
5
6
7
8
9
142.244
119.046
111.833
109.109
117.798
156.895
125.149
115.687
113.248
125.054
175.831
132.979
119.930
117.831
132.484
189.830
139.314
122.872
120.038
138.677
147.272
121.237
113.369
110.759
120.093
150.441
123.216
114.043
111.655
121.735
154.051
125.726
115.225
112.509
124.771
158.837
124.158
116.068
113.851
124.821
164.252
127.497
117.412
114.976
128.889
171.893
133.447
118.670
116.503
131.064
174.044
132.148
119.590
117.850
131.326
176.989
132.236
120.275
118.173
133.044
180.397
134.083
121.187
118.798
134.502
185.449
135.461
122.232
119.163
137.518
188.009
138.918
122.815
119.987
138.442
192.006
142.080
123.182
120.080
139.942
193.857
140.796
123.261
120.924
138.806
194.714
139.967
123.147
121.315
139.821
200.914
139.969
124.369
122.184
143.283
10
11
12
13
14
15
16
17
18
19
20
105.053
115.981
109.726
107.683
104.725
104.072
105.140
97.702
118.476
113.695
106.949
104.703
119.592
112.525
111.126
106.438
106.633
106.283
98.847
122.448
115.868
108.887
102.633
125.011
115.298
114.718
106.000
103.457
107.826
100.853
125.648
119.546
111.625
103.438
128.976
118.259
116.420
107.959
105.447
109.760
102.731
129.317
124.880
115.218
104.942
117.647
111.003
108.803
105.822
105.278
106.164
98.406
120.127
114.591
108.334
103.842
118.273
111.465
109.657
105.838
105.786
105.874
98.552
120.877
115.376
108.250
104.942
119.189
111.946
110.608
105.950
105.820
106.029
98.768
121.819
115.596
108.028
105.184
119.778
112.995
111.652
107.020
107.795
106.454
98.987
123.045
116.030
109.294
104.843
121.128
113.696
112.588
106.944
107.131
106.775
99.080
124.053
116.469
109.978
103.215
122.971
114.149
113.584
104.218
100.643
106.865
99.838
125.019
117.317
110.417
102.167
124.472
114.938
114.434
106.031
103.869
107.574
100.662
125.430
117.788
111.202
102.423
125.551
115.495
115.134
106.772
104.774
108.172
100.956
125.612
119.696
111.644
102.729
127.049
116.612
115.720
106.980
104.543
108.693
101.955
126.529
123.383
113.235
104.098
128.270
117.494
116.052
107.487
105.741
108.713
102.201
128.166
123.954
114.305
103.422
128.953
117.916
116.289
107.617
105.109
109.415
102.582
128.499
124.723
115.063
103.330
129.588
118.605
116.501
108.035
105.399
109.932
103.172
129.659
125.479
115.866
102.901
129.094
119.020
116.839
108.696
105.540
110.980
102.969
130.943
125.365
115.638
101.329
128.514
119.739
116.978
109.183
107.453
110.404
103.408
132.522
123.860
116.814
101.005
130.457
120.071
117.469
109.645
108.211
110.639
102.938
133.619
124.128
116.350
21 102.003 107.953 110.200 104.278 105.377 107.702 106.298
22 102.012 108.984 111.109 107.717 105.287 106.643 108.608
23 92.873 99.520 106.987 112.244 96.558 97.429 98.935
24 78.760 79.747 86.318 97.264 79.371 80.813 80.545
25 98.505 107.695 115.467 117.412 103.519 104.100 106.425
107.337 110.477 112.150 112.032 110.504 106.115 103.483 105.040 105.950 102.639 101.110
97.148
110.022 110.661 112.880 112.156 110.779 108.621 107.674 108.475 108.218 106.503 104.969
100.407 101.311 105.125 106.766 108.164 107.893 108.794 111.502 113.863 114.819 115.504
78.627 79.001 81.910 85.668 88.574 89.121 91.526 95.447 100.005 102.076 104.206
109.536 110.717 114.985 115.484 116.049 115.349 115.360 117.302 118.348 118.636 118.470
104.323
116.172
107.773
117.442
26 108.139 116.913 127.574 139.842 111.567 113.231 115.548 118.200 120.673 125.351 126.355 129.148 129.444 134.701 138.415 141.339 144.914 147.465 150.807
27
28
29
30
31
32
33
34
35
38
37
38
39
40
41
42
43
135.056
109.874
95.318
84.186
81.200
105.418
125.343
156.675
117.497
100.847
91.255
92.964
114.596
133.226
195.433
122.340
108.784
96.414
99.186
119.265
123.728
230.472
134.548
114.710
97.805
86.683
113.095
101.534
149.001
113.139
95.267
87.093
91.931
110.141
127.747
145.794
114.413
98.867
89.187
88.352
110.936
130.259
152.368
117.399
99.157
88.471
92.353
114.681
133.311
157.486
118.179
102.785
91.907
97.738
115.614
134.634
171.051
119.996
102.578
95.454
93.414
117.151
134.700
181.768
120.636
109.244
94.159
102.772
120.573
133.477
193.210
121.048
107.922
98.730
98.199
120.974
127.572
202.576
122.494
110.174
96.572
99.291
118.313
120.102
204.179
125.184
107.797
96.196
96.484
117.199
113.763
217.304
129.365
111.848
94.421
92.645
110.753
108.831
224.513
133.795
113.782
100.669
86.678
112.438
105.552
234.740
135.899
115.585
99.953
85.427
113.716
99.644
245.331
139.131
117.627
96.179
81.981
115.475
92.110
254.682
142.463
117.698
96.369
78.949
111.679
85.698
262.543
144.032
121.557
97.817
67.055
109.965
82.144
102.723
100.011
109.451
116.546
117.173
113.589
109.942
107.698
115.535
123.455
125.164
115.216
119.937
118.407
123.826
130.815
132.613
122.153
130.068
127.335
136.868
133.654
134.921
127.581
105.385
102.503
112.529
121.135
122.089
116.597
107.447
104.279
115.288
122.083
123.580
114.891
109.747
107.860
114.468
122.271
123.807
114.888
109.853
107.632
115.385
122.509
124.154
114.586
112.721
111.023
117.001
126.955
129.114
116.499
117.147
115.734
120.750
130.118
131.940
121.337
118.712
117.614
121.557
130.161
132.115
120.740
119.734
118.658
122.526
131.164
133.338
120.663
124.153
121.621
130.470
131.818
133.057
125.872
124.343
122.251
129.591
134.289
135.772
127.166
126.992
124.300
133.690
133.041
134.401
126.515
133.747
130.571
141.620
134.033
135.197
128.460
135.189
132.219
142.570
133.254
134.315
128.185
136.880
133.690
144.792
132.991
133.654
129.913
139.934
137.486
146.046
130.728
131.501
127.088
44
45
46
47
48
49
50
51
52
53
54
112.210 112.626 114.497 116.871 112.138 112.079 112.337 113.291 112.797 113.877 114.228 114.714 115.167 115.421 116.541 117.642 117.879 118.443 119.443
123.693
128.282
126.782
139.305
115.441
116.217
110.827
106.384
105.773
108.859
125.181
130.227
128.012
146.905
116.104
116.264
115.683
106.256
105.899
107.662
128.019
132.315
129.097
157.208
120.318
119.305
128.081
107.642
107.669
107.447
130.078
135.596
132.457
159.765
120.127
119.048
128.357
110.167
109.828
111.471
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2005
123.710
127.647
125.573
143.159
116.644
117.319
112.706
106.265
106.071
106.980
124.058
128.624
127.267
138.401
115.848
116.880
109.428
106.001
105.713
107.112
124.408
129.887
127.758
145.856
114.535
115.258
110.221
106.214
105.763
108.008
127.310
133.707
131.231
152.456
115.770
115.729
116.728
106.189
105.929
107.190
124.950
128.689
125.792
150.908
118.262
117.191
126.354
106.621
106.190
108.338
127.952
131.428
128.942
150.228
121.759
120.442
131.636
106.746
106.825
106.323
127.459
132.053
128.760
157.587
119.209
118.486
124.923
107.520
107.283
108.418
128.048
131.759
128.796
154.543
121.429
120.650
127.561
107.954
107.958
107.856
128.616
134.019
129.892
166.474
118.877
117.642
128.204
108.348
108.611
107.191
127.426
131.986
129.267
152.645
119.235
118.595
124.299
109.314
109.163
109.850
129.507
134.701
131.394
160.322
120.154
118.943
129.334
109.957
109.624
111.232
131.772
138.002
134.826
162.446
120.506
119.441
128.627
110.484
110.046
112.188
131.610
137.694
134.343
163.647
120.614
119.214
131.166
110.914
110.478
112.612
133.488
140.125
136.773
166.030
121.469
120.061
132.081
110.844
110.874
110.632
135.671
142.628
138.004
179.511
123.061
121.272
136.481
111.273
111.151
111.696
46
Dom estic Product and Income
August 2008
Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Gross domestic product........
Personal consumption
expenditures.................................
Durable goods..............................
Motor vehicles and parts.........
Furniture and household
equipment.............................
Other........................................
Nondurable goods.......................
Food.........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Other........................................
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
Software 1...................
Other............................
Industrial equipment........
Transportation equipment
Other equipment..............
Residential................................
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.....................
I
II
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 109.462 113.039 116.676 119.819 110.677 111.778 112.357 113.487 114.536 115.536 116.317 117.109 117.742 118.935 119.531 119.984 120.826 121.613 121.933
? 108.392 111.581 114.675 117.659 109.521 110.187 110.881 112.168 113.089 113.581 114.499 115.381 115.239 116.202 117.246 117.969 119.221 120.283 121.530
3 90.696 89.984 88.772 87.154 90.454 90.547 90.343 89.629 89.417 89.208 89.027 88.726 88.126 87.717 87.365 86.938 86.598 86.581 86.237
4 96.898 98.508 99.099 98.589 97.589 98.671 98.742 98.076 98.541 99.090 99.222 99.356 98.728 98.331 98.367 98.737 98.919 98.698 98.386
5 79.919 76.848 73.331 69.924 78.900 78.118 77.609 76.244 75.419 74.614 73.790 72.879 72.043 71.270 70.554 69.426 68.445 68.115 67.161
6 98.044 97.670 98.460 99.421 97.456 97.389 97.301 98.072 97.919 97.643 98.442 98.819 98.935 99.494 99.348 99.232 99.608 100.809 102.107
7 107.626 111.606 114.984 118.407 109.153 109.554 110.100 113.057 113.712 113.794 115.155 116.412 114.578 116.025 117.830 118.682 121.092 123.059 125.034
8 110.269 112.743 115.344 119.682 111.340 111.643 112.572 113.024 113.733 114.418 114.852 115.750 116.356 117.714 119.023 120.440 121.553 123.007 124.942
9 92.663 91.724 91.332 90.595 92.454 92.416 91.903 91.420 91.156 90.827 91.541 91.532 91.429 91.486 90.468 90.114 90.311 90.203 89.519
185.237
111.013
124.712
124.679
124.813
144.797
113.275
119.318
126.601
120.418
125.365
133.902
106.694
114.198
114.262
110.899
119.862
105.710
109.375
116.068
113.253
114.949
135.361
107.139
115.140
115.106
112.027
121.574
106.487
110.606
117.230
113.866
115.669
136.727
107.410
116.139
115.772
113.690
125.163
107.042
112.104
118.128
114.396
116.883
166.814
107.919
117.088
116.365
115.709
130.106
107.375
113.324
118.997
115.494
117.770
168.807
108.631
118.433
117.240
120.663
142.333
108.111
114.546
120.096
116.647
118.574
164.672
109.322
119.313
118.260
121.880
144.240
108.996
115.155
120.630
117.330
119.746
175.443
109.791
120.285
119.647
120.817
140.418
109.497
116.034
121.626
118.439
121.022
184.651
110.039
121.279
120.985
121.491
140.895
110.301
116.655
122.738
119.397
121.745
159.571
110.033
122.130
122.232
121.825
139.926
111.375
116.845
123.552
118.961
122.989
166.759
110.716
123.200
123.302
123.412
143.067
112.068
117.775
125.315
119.103
123.338
183.081
110.752
124.218
124.217
124.814
145.416
112.933
118.559
126.049
120.141
124.720
185.479
110.946
125.179
125.110
125.018
144.522
113.745
119.935
126.962
120.595
126.145
205.630
111.638
126.253
126.086
126.005
146.182
114.354
121.004
128.078
121.833
127.259
218.289
112.598
127.133
126.994
127.183
148.139
115.093
122.455
128.364
122.851
128.529
231.593
113.018
128.418
127.623
131.623
157.962
116.475
124.736
129.125
123.708
129.803
124.127
106.136
112.929
113.195
109.892
117.625
105.409
108.307
114.709
112.067
113.388
21
22
23
24
25
106.686 111.381 116.102 117.735 108.271 109.513 110.603 111.961 113.446 114.891 115.877 116.348 117.293 117.756 117.659 117.566 117.960 117.815 117.989
26
151.927
107.775
116.700
116.121
115.522
129.794
107.254
112.645
118.613
115.101
117.224
171.084
109.796
120.752
120.281
121.503
141.370
110.042
116.172
122.136
118.532
121.376
10
11
1?
13
14
15
16
17
18
19
20
106.845 111.638 116.380 117.995 108.429 109.683 110.816 112.249 113.803 115.208 116.172 116.610 117.528 118.008 117.945 117.836 118.189 118.117 118.459
100.896 103.829 107.277 108.739 101.686 102.778 103.459 103.972 105.107 106.217 107.070 107.530 108.291 108.654 108.730 108.558 109.015 109.177 109.799
120.912 135.177 151.822 157.662 125.544 129.122 132.274 136.911 142.400 147.181 151.404 153.108 155.595 156.912 157.195 157.402 159.138 160.182 161.601
94.600 94.534 94.594 94.870 94.344 94.777 94.800 94.260 94.299 94.471 94.457 94.578 94.870 94.976 94.992 94.712 94.798 94.700 95.084
84.965
82.559
80.851
79.170
83.928
83.472
82.887
82.240
81.637
81.337
81.028
80.699
80.341
79.851
79.412
78.830
78.586
78.245
78.393
56.402
93.824
91.403
105.652
109.086
105.059
123.826
54.329
94.216
91.350
106.904
110.719
106.786
125.407
52.333
94.310
91.184
108.076
110.543
108.153
127.492
50.387
94.185
91.076
108.428
108.487
108.736
130.852
48.501
94.231
90.920
109.122
110.144
108.885
133.320
47.053
94.723
90.848
109.896
110.857
109.645
135.418
45.369
95.484
90.750
110.835
110.683
109.963
136.670
43.874
95.841
90.893
112.259
110.386
110.928
137.089
42.818
95.807
90.948
113.215
111.737
112.031
138.412
41.879
95.738
90.545
114.515
112.827
112.461
139.181
40.668
95.817
90.424
115.490
113.210
113.117
138.733
39.308
95.850
90.097
116.383
112.494
113.376
138.820
38.391
96.147
90.047
117.484
112.519
113.933
138.803
37.024
96.339
90.345
118.620
111.871
114.175
137.900
36.347
97.042
90.802
120.343
111.827
114.533
137.140
106.362
105.489
108.455
106.973
105.356
115.523
107.557
106.606
109.828
107.582
105.895
116.534
108.489
107.409
111.058
110.096
108.452
118.782
109.169
107.764
112.507
112.840
111.280
121.027
110.042
108.364
114.026
114.098
112.646
121.639
110.834
109.174
114.783
113.796
112.084
122.860
112.418
110.840
116.171
116.619
114.884
125.795
113.722
112.250
117.223
118.055
116.391
126.793
113.499
112.260
116.448
115.258
113.323
125.579
114.520
113.188
117.690
115.514
113.560
125.938
116.011
114.591
119.392
119.050
117.091
129.478
117.018
115.382
120.905
121.200
119.274
131.423
118.794
117.085
122.855
124.907
123.378
132.874
121.397
119.916
124.932
128.722
127.427
135.377
124.406
123.286
127.094
137.080
136.352
140.570
27
28
29
30
31
32
33
14
15
36
37
38
39
40
41
4?
43
58.619
94.525
91.864
104.253
109.421
104.087
120.587
51.388
94.236
91.132
108.132
109.973
108.140
129.268
44.779
95.464
90.860
111.551
110.916
110.642
136.897
40.062
95.888
90.278
115.968
112.762
113.222
138.884
104.997
104.323
106.632
104.526
102.915
113.049
108.814
107.536
111.855
111.154
109.568
119.496
112.618
111.131
116.156
115.932
114.171
125.257
116.586
115.062
120.211
120.168
118.326
129.928
44
45
46
47
48
4.9
50
51
52
53
54
114.754 121.470 127.239 132.941 116.971 119.162 120.378 122.443 123.897 125.399 126.911 127.955 128.690 130.705 132.386 133.497 135.174 137.237 139.562
115.322
115.932
118.480
99.711
114.218
116.530
100.268
114.431
115.403
110.597
120.834
121.944
125.176
101.656
118.744
121.462
102.368
121.862
122.562
119.114
125.806
127.381
131.213
103.657
122.803
125.964
103.916
128.109
128.485
126.675
130.076
131.874
136.220
105.255
126.636
130.378
104.556
134.671
134.517
135.383
1. Excludes software “embedded," or bundled, in computers and other equipment.
2006
2005
116.621
117.417
120.016
100.876
115.147
117.462
101.192
117.191
117.827
114.689
119.921
120.965
124.033
101.622
117.965
120.610
102.035
118.722
119.477
115.748
120.433
121.503
124.682
101.519
118.423
121.107
102.261
120.355
120.965
117.964
121.364
122.454
125.815
101.428
119.313
122.123
102.406
123.099
123.752
120.541
121.618
122.854
126.174
102.057
119.273
122.009
102.770
125.273
126.054
122.204
124.614
126.069
129.855
102.630
121.844
124.948
103.296
125.880
126.565
123.193
125.866
127.426
131.307
103.437
122.891
126.067
103.921
127.548
127.994
125.829
126.233
127.897
131.702
104.304
123.054
126.233
104.062
128.999
129.380
127.540
126.513
128.131
131.988
104.259
123.423
126.608
104.385
130.008
130.000
130.138
128.856
130.326
134.516
104.603
126.067
129.716
104.499
131.828
131.634
132.708
130.037
131.701
136.085
104.874
126.869
130.659
104.529
133.806
133.634
134.590
130.342
132.232
136.573
105.625
126.721
130.499
104.446
135.400
135.190
136.337
131.070
133.237
137.704
105.920
126.886
130.637
104.753
137.649
137.612
137.896
132.879
134.905
139.603
106.296
128.986
133.128
104.758
139.866
140.173
138.722
134.494
136.872
141.746
107.284
129.881
134.144
105.005
142.626
143.319
139.913
August 2008
47
S u r v e y o f C u r r e n t B u s in e s s
Table 1.5.5. Gross Domestic Product, Expanded Detail
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic product....
Personal consumption
expenditures............................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other....................................
Nondurable goods...................
Food.....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other....................................
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...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment................
Other equipment..........
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.................
I
II
2007
2006
2005
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 11,685.9 12,421.9 13,178.4 13,807.5 11,948.5 12,155.4 12,297.5 12,538.2 12,696.4 12,959.6 13,134.1 13,249.6 13,370.1 13,510.9 13,737.5 13,950.6 14,031.2 14,150.8 14,256.5
2 8,195.9 8,694.1 9,207.2 9,710.2 8,393.3 8,480.9 8,610.8 8,791.1 8,893.7 9,026.3 9,161.9 9,283.7 9,357.0 9,524.9 9,657.5 9,765.6 9,892.7 10,002.3 10,144.3
3
983.9 1,020.8 1,052.1 1,082.8 1,004.1 1,006.6 1,033.3 1,038.7 1,004.4 1,046.5 1,049.1 1,054.4 1,058.2 1,076.6 1,085.3 1,086.2 1,083.0 1,071.0 1,058.7
4
436.8
434.0
440.4
446.7
442.0
436.6
444.0
437.9
437.8
424.7
402.2
443.1
458.5
460.0
412.0
431.5
433.9
434.0
442.0
5
355.7
401.4
403.7
406.7
413.7
415.2
417.2
422.3
377.3
403.5
415.3
363.7
367.9
374.3
379.1
387.8
402.0
415.3
415.1
234.2
6
196.7
214.2
217.4
226.2
231.3
191.3
200.3
214.6
227.0
193.7
200.5
199.6
204.6
213.6
213.2
220.9
231.1
229.9
7 2,343.7 2,514.1 2,685.2 2,833.0 2,409.3 2,432.4 2,469.9 2,554.8 2,599.4 2,629.3 2,681.5 2,726.3 2,703.8 2,761.5 2,817.7 2,846.6 2,906.2 2,950.7 3,027.8
8 1,113.1 1,181.2 1,257.4 1,329.1 1,140.8 1,153.2 1,171.7 1,190.4 1,209.7 1,233.2 1,252.2 1,265.4 1,278.8 1,297.7 1,321.2 1,337.9 1,359.8 1,380.5 1,412.3
375.4
9
325.0
360.2
335.0
341.4
349.8
354.4
357.9
362.5
366.1
372.9
373.2
375.5
341.5
374.0
330.6
339.8
374.6
381.9
336.2
10
249.7
366.9
269.1
304.6
11
731.4
762.9
655.9
686.8
668.8
12 4,868.3 5,159.2 5,469.9 5,794.4 4,979.9
13 1,226.8 1,298.7 1,388.7 1,460.9 1,251.2
14
449.0
479.7
502.4
525.7
457.8
175.4
15
198.3
209.6
218.8
180.8
16
273.5
281.3
292.9
306.9
277.0
17
308.2
341.2
324.3
357.0
313.5
18 1,395.5 1,491.3 1,575.8 1,681.1 1,431.5
19
341.8
357.8
403.4
348.1
380.1
20 1,147.1 1,207.4 1,281.6 1,366.3 1,177.9
362.2
362.7
367.1
423.7
448.1
314.0
405.3
269.1
274.7
335.8
338.8
325.4
343.3
332.5
675.2
716.3
728.2
736.2
744.9
756.7
761.0
766.1
767.9
771.1
785.6
682.1
688.8
701.1
5,041.9 5,107.6 5,197.6 5,289.9 5,350.5 5,431.3 5,502.9 5,595.0 5,686.8 5,754.4 5,832.8 5,903.5 5,980.6 6,057.7
1,270.3 1,288.7 1,307.5 1,328.4 1,351.8 1,377.9 1,401.8 1,423.5 1,440.1 1,453.8 1,466.9 1,482.7 1,495.1 1,508.8
541.7
563.0
462.5
495.5
499.7
508.4
524.0
526.9
534.3
469.8
483.0
503.3
506.1
517.5
244.9
184.2
189.7
218.4
209.7
219.0
221.1
200.9
208.0
211.6
216.8
218.3
228.1
209.0
278.3
284.9
290.7
294.5
300.7
305.0
308.6
313.2
313.6
318.0
280.1
282.1
287.5
298.8
317.5
326.7
330.5
340.2
343.0
347.0
354.2
360.4
362.9
368.8
374.0
322.5
334.8
350.6
1,454.9 1,477.5 1,503.3 1,529.7 1,548.5 1,566.4 1,583.0 1,605.1 1,649.1 1,663.0 1,690.2 1,721.9 1,746.6 1,771.5
364.4
383.4
409.7
411.9
352.4
354.7
369.2
374.2
393.7
396.0
402.0
405.9
408.2
359.5
1,184.3 1,194.3 1,217.5 1,233.5 1,250.6 1,272.9 1,285.6 1,317.3 1,333.5 1,357.4 1,382.5 1,392.0 1,420.2 1,428.5
21 1,888.6 2,086.1 2,220.4 2,130.4 1,979.5 2,046.0 2,039.7 2,084.2 2,174.6 2,236.7 2,253.7 2,231.7 2,159.5 2,117.8 2,147.2 2,164.0 2,092.3 2,056.1 1,979.9
22 1,830.0 2,042.8 2,171.1 2,134.0 1,916.1 1,963.3 2,020.3 2,073.2 2,114.3 2,183.6 2,187.9 2,169.2 2,143.6 2,133.4 2,148.1 2,141.0 2,113.4 2,081.7 2,074.9
23 1,154.5 1,273.1 1,414.1 1,503.8 1,209.5 1,233.6 1,261.0 1,286.1 1,311.8 1,375.5 1,408.3 1,433.0 1,439.6 1,456.4 1,493.7 1,522.9 1,542.1 1,553.6 1,571.5
24
298.2
410.4
352.4
377.4
424.4
469.8
492.9
508.7
522.7
545.4
337.6
480.3
312.0
333.8
337.3
406.0
433.9
449.6
326.9
25
897.4
906.7
927.2
959.3
998.1 1,002.3 1,008.6 1,005.6 1,006.8 1,023.9 1,030.0 1,033.4 1,030.9 1,026.1
856.3
935.5 1,003.7 1,023.5
948.8
26
429.6
451.4
482.3
517.7
437.9
442.2
448.0
454.6
460.6
476.6
478.7
487.5
486.5
503.1
514.1
521.1
532.5
539.6
552.8
27
28
29
30
80.3
183.0
166.4
139.7
81.7
195.1
174.6
157.1
88.8
205.7
187.8
171.2
93.7
227.3
196.8
180.6
85.5
187.0
165.4
146.5
80.6
189.9
171.7
151.8
81.1
195.0
171.9
152.2
80.7
196.1
177.8
158.6
84.3
199.2
177.1
165.8
86.9
201.3
188.4
164.7
89.1
203.6
186.0
174.2
90.3
206.8
190.4
172.6
88.8
211.3
186.5
173.4
92.5
218.2
192.5
172.1
92.8
225.8
195.5
185.1
93.7
229.5
197.9
185.2
95.7
235.6
201.2
179.9
95.8
241.8
202.0
182.0
97.0
246.2
209.7
187.4
31
32
33
34
35
36
142.9
144.0
675.5
58.6
8.0
50.5
164.4
162.6
769.6
43.3
0.3
43.0
177.0
173.1
757.0
49.3
-3.9
53.3
157.2
168.0
630.2
-3.6
1.6
-5.2
161.3
151.8
706.6
63.4
2.4
61.0
157.4
155.4
729.7
82.6
-3.8
86.5
164.2
162.7
759.3
19.4
-0.4
19.8
170.6
164.9
787.1
11.0
5.2
5.8
165.5
167.4
802.5
60.3
0.3
60.0
183.3
173.5
808.1
53.1
1.0
52.1
174.8
174.6
779.6
65.9
-6.9
72.8
176.3
172.2
736.2
62.5
-6.7
69.3
173.4
172.3
704.0
15.8
-3.0
18.8
168.1
163.4
677.0
-15.6
-2.1
-13.5
157.8
166.9
654.4
-0.9
2.9
-3.8
154.6
169.2
618.1
23.0
-0.2
23.2
148.4
172.6
571.3
-21.1
5.7
-26.7
142.1
167.3
528.1
-25.6
0.2
-25.8
120.6
165.2
503.4
-95.0
-5.1
-89.9
-615.4
-713.6
-757.3
-707.8
-682.6
-670.7
-680.9
-725.1
-777.7
-761.7
-777.2
-792.7
-697.7
-728.8
-723.1
-682.6
-696.7
-705.7
-737.3
37
38
39
40
41
42
43
1,182.4 1,311.5 1,480.8 1,662.4 1,228.6 1,266.8 1,305.1 1,314.5 1,359.6 1,423.2 1,462.8 1,492.5 1,544.5 1,560.5 1,614.4 1,714.9 1,759.7 1,820.8 1,907.5
818.3
908.4 1,032.1 1,149.2
848.0
871.8
908.6
990.9 1,022.3 1,044.5 1,070.7 1,085.0 1,116.8 1,181.2 1,213.7 1,256.9 1,328.9
909.6
943.5
364.1
448.7
578.6
403.1
513.2
380.7
394.9
396.5
404.9
432.4
473.8
475.5
533.8
546.0
563.9
416.1
440.5
448.0
497.6
1,797.8 2,025.1 2,238.1 2,370.2 1,911.2 1,937.5 1,986.0 2,039.6 2,137.4 2,184.9 2,240.0 2,285.2 2,242.2 2,289.4 2,337.5 2,397.5 2,456.5 2,526.5 2,644.8
1,499.5 1,705.3 1,882.7 1,985.2 1,598.4 1,626.5 1,669.0 1,717.5 1,808.2 1,838.7 1,887.2 1,929.8 1,875.1 1,917.4 1,957.1 2,005.4 2,060.9 2,118.0 2,229.8
355.4
355.4
298.3
385.1
311.0
317.0
322.1
346.3
367.2
392.1
414.9
319.8
312.8
329.2
352.8
372.0
380.5
395.6
408.5
44 2,216.8 2,355.3 2,508.1 2,674.8 2,258.2 2,299.2 2,328.0 2,388.0 2,405.9 2,458.4 2,495.7 2,526.9 2,551.4 2,597.0 2,655.9 2,703.5 2,742.9 2,798.1 2,869.6
45
825.6
867.1
941.7
950.3
994.0
998.3 1,026.5 1,056.0
875.5
932.2
979.3
835.0
861.0
894.2
922.8
928.5
935.5
974.6
879.5
46
550.7
662.2
584.4
585.4
613.6
635.9
675.6
722.8
588.1
624.1
555.0
576.1
606.3
623.1
624.0
636.9
656.8
679.3
699.9
512.1
594.7
628.8
47
482.9
515.2
544.6
580.1
484.5
507.5
538.3
543.6
545.3
551.2
559.0
574.8
591.9
613.8
530.8
510.3
72.9
82.1
84.7
82.1
83.7
94.0
48
67.8
79.5
72.3
75.5
75.2
75.2
79.6
78.7
77.9
84.6
86.1
70.5
68.6
333.2
317.1
305.9
313.4
318.3
49
274.9
287.4
308.0
280.0
284.9
282.8
288.0
294.1
309.3
305.4
311.5
317.8
319.0
326.6
248.2
264.9
284.2
289.3
50
240.8
251.1
267.2
276.0
245.0
250.7
251.3
267.6
265.6
273.6
276.4
277.2
276.9
254.3
270.8
34.1
41.2
42.1
41.1
34.2
34.5
41.7
40.7
41.0
39.8
41.4
42.4
43.9
51
36.3
40.8
35.0
36.6
39.8
39.8
52 1,391.2 1,479.8 1,575.9 1,695.5 1,423.2 1,438.2 1,460.9 1,493.8 1,526.4 1,535.5 1,567.2 1,591.4 1,609.7 1,646.8 1,681.3 1,709.5 1,744.6 1,771.6 1,813.6
53 1,120.3 1,191.2 1,269.6 1,355.9 1,147.0 1,159.1 1,174.1 1,203.1 1,228.4 1,240.8 1,260.2 1,281.8 1,295.8 1,318.7 1,344.4 1,365.3 1,395.2 1,426.3 1,461.9
54
286.7
313.9
344.2
349.4
351.6
270.9
288.6
339.6
276.2
290.8
297.9
294.8
307.0
309.6
328.0
336.9
345.3
306.3
279.0
1. Excludes software “embedded,” or bundled, in computers and other equipment.
August 2008
D om estic Product and Income
48
Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other....................................
Nondurable goods...................
Food.....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other....................................
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
2006
2005
I
II
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 10,675.8 10,989.5 11,294.8 11,523.9 10,796.4 10,875.8 10,946.1 11,050.0 11,086.1 11,217.3 11,291.7 11,314.1 11,356.4 11,357.8 11,491.4 11,625.7 11,620.7 11,646.0 11,700.6
2 7,561.4 7,791.7 8,029.0 8,252.8 7,664.3 7,697.5 7,766.4 7,838.1 7,864.9 7,947.4
3 1,084.8 1,134.4 1,185.1 1,242.4 1,110.1 1,111.6 1,143.7 1,158.9 1,123.3 1,173.1
435.4
450.8
449.9
437.9
446.7
457.8
447.9
469.0
418.1
4
464.3
8,002.1
8,046.3
8,119.9
8,197.2
8,237.3
8,278.5
8,298.2
8,316.1
8,347.5
1,178.3
437.3
1,188.4
439.4
1,200.7
439.6
1,227.3
449.5
1,242.3
451.3
1,249.4
443.5
1,250.6
442.6
1,237.0
430.2
1,227.7
408.7
470.7
482.0
497.0
514.0
537.9
544.6
553.8
564.5
580.3
588.3
600.8
606.6
609.3
628.7
445.1
490.9
550.2
594.0
460.8
5
198.7
206.1
209.0
218.7
216.6
216.7
219.8
227.7
232.9
230.8
229.4
229.4
195.1
205.1
218.0
228.3
202.0
203.5
222.0
6
2,252.7 2,335.3 2,392.6 2,207.5 2,220.7 2,243.7 2,260.1 2,286.3 2,310.8 2,328.7 2,342.0 2,359.8 2,380.1 2,391.5 2,398.6 2,400.2 2,397.9 2,421.7
7 2,177.6
8 1,009.4 1,047.7 1,090.1 1,110.5 1,024.7 1,033.0 1,040.9 1,053.3 1,063.7 1,077.8 1,090.3 1,093.3 1,099.1 1,102.5 1,110.1 1,110.9 1,118.7 1,122.4 1,130.4
350.7
372.3
394.4
412.9
357.5
362.4
371.5
371.6
383.7
390.2
391.0
396.1
400.4
409.4
412.2
416.6
413.2
416.3
426.6
9
10
11
12
13
14
15
16
17
18
19
20
196.7
199.3
198.0
197.9
197.0
196.5
200.9
201.4
200.8
197.6
195.6
196.1
201.2
200.5
198.1
200.9
198.8
645.4
687.1
690.5
637.3
666.1
687.3
630.2
635.1
638.2
655.3
663.3
669.0
677.0
683.5
687.9
618.0
626.9
4,311.0 4,420.9 4,529.9 4,646.2 4,361.1 4,379.3 4,398.2 4,439.4 4,466.9 4,484.7 4,515.7 4,537.6 4,581.5 4,616.1 4,632.7 4,659.8 4,676.1
1,083.8 1,118.4 1,154.6 1,171.7 1,095.1 1,103.6 1,113.2 1,123.7 1,133.1 1,143.2 1,151.7 1,158.8 1,164.7 1,168.0 1,170.4 1,172.5 1,175.9
417.2
406.6
421.5
424.0
415.2
413.5
421.2
412.8
412.9
413.3
417.5
413.6
416.5
417.3
419.3
419.8
408.5
153.5
144.2
148.8
151.0
151.2
149.1
152.8
148.3
151.1
150.9
151.6
151.6
154.5
150.1
149.8
151.5
150.6
271.3
261.7
262.7
263.5
263.8
265.5
267.0
268.3
268.3
270.0
273.9
259.5
262.3
266.1
270.9
262.0
261.3
293.2
294.0
296.9
297.7
298.8
300.5
299.9
287.9
293.7
299.2
286.6
287.0
287.7
288.3
288.6
290.8
284.6
1,216.5 1,257.3 1,290.2 1,327.8 1,233.5 1,241.2 1,250.9 1,263.4 1,273.8 1,283.7 1,287.9 1,289.8 1,299.2 1,316.0 1,319.4 1,331.4 1,344.5
312.4
314.7
316.0
321.1
331.0
332.5
334.6
336.6
336.3
320.7
307.4
310.8
335.0
309.5
310.1
311.3
305.0
1,011.7 1,030.0 1,055.9 1,089.9 1,024.8 1,024.0 1,021.9 1,033.9 1,040.3 1,044.5 1,051.9 1,056.1 1,071.1 1,081.3 1,088.4 1,096.0 1,093.9
21 1,770.2 1,873.5 1,912.5 1,809.7 1,828.8 1,869.1 1,844.8
22 1,712.8 1,829.8 1,865.5 1,808.5 1,767.7 1,790.5 1,823.5
23 1,144.3 1,226.2 1,318.2 1,382.9 1,189.7 1,200.4 1,219.0
24
246.7
249.8
270.3
304.6
248.6
253.1
252.3
951.2
977.9
905.1
989.6 1,061.0 1,078.9
956.6
25
194.0
193.4
695.2
684.8
4,704.3 4,717.4
1,177.3 1,182.3
427.7
425.9
154.0
155.1
272.5
273.1
301.2
299.8
1,360.8 1,372.0
332.3
333.0
1,105.0 1,100.6
1,862.8
1,917.3
1,946.3
1,944.3
1,917.8
1,841.6
1,795.9
1,822.9
1,838.7
1,781.3
1,754.7
1,686.0
1,847.2
1,237.1
246.2
1,006.5
1,858.0
1,248.2
247.4
1,017.4
1,895.2
1,295.2
256.5
1,056.6
1,883.1 1,860.0
1,315.4 1,332.7
268.3
277.4
1,061.2 1,066.4
1,823.7
1,329.3
279.1
1,059.9
1,807.8
1,340.4
286.6
1,060.0
1,821.3
1,373.8
298.9
1,077.9
1,817.0
1,402.9
313.2
1,087.5
1,788.2 1,762.4
1,414.7 1,423.1
319.7
326.4
1,090.1 1,088.6
1,751.6
1,431.3
337.5
1,079.2
505.7
546.7
596.6
653.9
521.7
529.5
540.3
552.7
564.3
586.2
590.9
603.9
605.3
629.9
647.3
660.9
677.6
689.6
705.2
28
29
30
193.6
181.1
134.0
207.0
191.6
145.3
215.5
206.7
153.5
237.0
218.0
155.7
199.3
181.0
138.7
201.5
187.9
142.0
206.8
188.4
140.9
208.2
195.3
146.3
211.4
194.9
152.0
212.5
207.6
149.9
213.2
205.1
157.2
215.8
209.4
153.8
220.5
204.8
153.2
227.9
212.5
150.3
235.7
216.2
160.3
239.4
219.6
159.1
245.1
223.5
153.1
251.0
223.6
153.4
253.7
231.0
155.7
31
32
33
34
35
36
130.6
138.3
560.2
54.3
5.9
48.2
149.5
150.4
595.4
38.9
0.2
39.1
159.5
156.5
552.9
42.3
-3.2
46.3
139.4
148.4
453.8
-2.5
1.0
-3.7
147.9
144.5
570.9
57.2
1.3
56.4
142.1
145.6
582.1
74.6
-3.8
79.5
148.5
150.5
595.8
16.7
-0.5
17.4
157.2
151.7
601.7
11.0
4.5
6.2
150.3
153.7
602.0
53.5
0.7
53.2
165.3
158.2
596.5
45.9
1.0
45.4
157.9
158.7
570.1
56.9
-5.6
63.3
159.7
155.2
536.7
53.3
-5.6
59.9
155.2
153.8
508.4
13.1
-2.7
16.4
149.0
145.3
486.4
-15.0
-3.9
-10.7
139.4
147.5
471.7
-2.8
-0.1
-2.6
137.4
149.2
445.3
16.0
-2.5
19.2
131.9
151.5
411.6
-8.1
10.5
-20.6
127.0
146.5
383.0
-10.2
6.0
-17.9
107.9
144.3
367.1
-62.2
2.0
-66.6
-593.8
-616.6
-615.7
-546.5
-632.3
-623.7
-601.3
-603.6
-637.8
-636.0
-619.4
-623.0
-584.3
-618.6
-571.2
-511.8
-484.5
-462.0
-395.2
1,126.1 1,205.3
844.7
784.4
341.4
360.4
1,719.9 1,821.9
1,457.0 1,556.4
263.9
267.6
1,314.8
928.7
386.3
1,930.5
1,649.0
283.7
1,425.9
998.7
426.9
1,972.4
1,677.7
296.4
1,155.3 1,177.9
817.9
804.0
351.0
359.6
1,787.7 1,801.7
1,518.1 1,536.7
270.8
266.9
1,203.1
846.0
357.1
1,804.4
1,539.5
266.9
1,204.3
844.2
359.9
1,807.9
1,543.8
266.2
1,235.7
870.8
365.0
1,873.6
1,605.5
270.6
1,284.3
907.8
1,301.4
922.5
1,312.6
930.7
3 7 9 .2
382.2
1,920.9 1,935.7
1,642.8 1,658.0
280.5
280.3
1,361.1
953.9
407.0
1,945.3
1,654.5
292.4
1,363.2
958.9
404.2
1,981.8
1,688.3
295.4
1,392.2
974.9
417.0
1,963.4
1,671.2
293.9
1,466.2 1,482.1 1,500.6 1,534.1
1,024.1 1,037.0 1,048.6 1,078.4
441.8
444.7
451.7
455.6
1,978.0 1,966.5 1,962.6 1,929.2
1,681.1 1,670.2 1,662.0 1,635.2
298.4
297.8
301.8
295.2
26
‘>(
Software 2...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment..........
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.................
Residual........................................
37
38
39
40
41
42
43
3 7 6 .7
1,920.2
1,640.6
281.9
44 1,931.8 1,939.0 1,971.2 2,012.1 1,930.6 1,929.6 1,934.0 1,950.4 1,941.9 1,960.5 1,966.6 1,974.9 1,982.7 1,987.1 2,006.4 2,025.3 2,029.4 2,039.1 2,056.3
762.7
761.7
723.2
741.0
752.9
740.6
737.7
741.1
744.4
737.5
749.6
772.6
785.2
45
715.9
724.5
716.0
718.0
720.1
736.8
482.2
472.7
495.1
476.5
486.7
489.0
487.9
511.0
509.9
528.2
46
490.0
502.1
476.3
481.0
496.3
488.8
498.8
518.9
475.0
421.9
404.4
414.0
414.1
433.5
439.7
443.7
411.6
415.0
425.8
403.7
409.2
410.7
414.5
417.6
415.6
422.4
431.9
47
407.6
73.7
75.4
71.7
76.7
71.2
74.4
73.3
76.9
81.3
74.5
79.3
79.9
81.0
87.6
48
78.0
69.9
67.6
78.3
68.0
253.2
240.7
242.0
250.8
250.4
243.2
241.5
241.4
246.5
253.8
248.5
253.1
247.8
248.6
251.2
251.5
256.6
49
238.8
250.5
208.4
214.2
206.7
212.2
211.7
210.7
214.5
209.2
212.4
212.0
213.5
50
206.7
208.6
207.8
205.0
205.8
210.9
211.5
215.6
40.4
38.7
38.3
39.4
40.2
51
35.5
39.3
39.3
34.5
33.5
33.8
35.8
39.1
39.3
38.1
39.6
40.5
41.8
34.0
52 1,215.8 1,214.3 1,230.2 1,259.0 1,214.4 1,211.4 1,213.8 1,213.6 1,218.5 1,219.9 1,228.8 1,233.7 1,238.2 1,249.3 1,256.6 1,262.6 1,267.5 1,266.7 1,271.7
971.9
988.2 1,008.0
973.5
970.2
970.7
972.2
974.6
980.4
984.6
990.8
996.8 1,001.9 1,006.1 1,010.0 1,013.9 1,017.6 1,020.1
53
970.8
243.8
239.3
242.7
241.2
253.4
251.4
242.3
241.8
250.9
240.8
241.1
243.1
241.2
244.0
247.2
250.3
252.5
249.0
54
245.0
-41.7
-99.7 -152.7
-37.7
-56.2
-81.9
-28.1
-28.6
-44.3
-93.1 -106.2 -116.9 -135.4 -145.3 -158.2 -171.9 -178.7 -190.4
55
-17.3
1. The quantity index for co m puters can be used to accurately m easure the real growth of this com ponent. However, because co m puters exhibit rapid changes in prices relative to oth e r prices in the econom y, the chained-dollar estim ates should not be
used to m easure th e co m p on en t’s relative im portance o r its contribution to the growth rate of m ore aggregate series; accurate e stim ates of these contributions are shown in table 1.5.2 and real growth rates are shown in table 1.5.1.
2. E xcludes softw are “em bedded," o r bundled, in com puters and oth e r equipm ent.
N o te . The residual line is the difference betw een the first line and the sum of the m ost detailed lines.
August 2008
49
S u r v e y o f C u r r e n t B u s in e s s
Table 1.6.4. Price Indexes for Gross Domestic Purchases
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Gross domestic purchases........
Personal consumption
expenditures.................................
Durable goods..............................
Motor vehicles and parts.........
Furniture and household
equipment............................
Other........................................
Nondurable goods.......................
Food.........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Other........................................
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
Software 1...................
Other............................
Industrial equipment........
Transportation equipment
Other equipment..............
Residential................................
Chanqe 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.................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 109.235 113.263 117.066 120.294 110.622 111.638 112.484 113.913 115.016 115.832 116.859 117.700 117.873 118.931 119.908 120.571 121.766 122.821 124.098
2 108.392 111.581 114.675 117.659 109.521 110.187 110.881 112.168 113.089 113.581 114.499 115.381 115.239 116.202 117.246 117.969 119.221 120.283 121.530
3 90.696 89.984 88.772 87.154 90.454 90.547 90.343 89.629 89.417 89.208 89.027 88.726 88.126 87.717 87.365 86.938 86.598 86.581 86.237
4 96.898 98.508 99.099 98.589 97.589 98.671 98.742 98.076 98.541 99.090 99.222 99.356 98.728 98.331 98.367 98.737 98.919 98.698 98.386
5 79.919 76.848 73.331 69.924 78.900 78.118 77.609 76.244 75.419 74.614 73.790 72.879 72.043 71.270 70.554 69.426 68.445 68.115 67.161
6 98.044 97.670 98.460 99.421 97.456 97.389 97.301 98.072 97.919 97.643 98.442 98.819 98.935 99.494 99.348 99.232 99.608 100.809 102.107
7 107.626 111.606 114.984 118.407 109.153 109.554 110.100 113.057 113.712 113.794 115.155 116.412 114.578 116.025 117.830 118.682 121.092 123.059 125.034
8 110.269 112.743 115.344 119.682 111.340 111.643 112.572 113.024 113.733 114.418 114.852 115.750 116.356 117.714 119.023 120.440 121.553 123.007 124.942
9 92.663 91.724 91.332 90.595 92.454 92.416 91.903 91.420 91.156 90.827 91.541 91.532 91.429 91.486 90.468 90.114 90.311 90.203 89.519
10
11
12
13
14
15
16
17
18
19
20
124.127
106.136
112.929
113.195
109.892
117.625
105.409
108.307
114.709
112.067
113.388
151.927
107.775
116.700
116.121
115.522
129.794
107.254
112.645
118.613
115.101
117.224
21
22
23
24
25
106.686 111.381 116.102 117.735 108.271 109.513 110.603 111.961 113.446 114.891 115.877 116.348 117.293 117.756 117.659 117.566 117.960 117.815 117.989
171.084
109.796
120.752
120.281
121.503
141.370
110.042
116.172
122.136
118.532
121.376
185.237
111.013
124.712
124.679
124.813
144.797
113.275
119.318
126.601
120.418
125.365
133.902
106.694
114.198
114.262
110.899
119.862
105.710
109.375
116.068
113.253
114.949
135.361
107.139
115.140
115.106
112.027
121.574
106.487
110.606
117.230
113.866
115.669
136.727
107.410
116.139
115.772
113.690
125.163
107.042
112.104
118.128
114.396
116.883
166.814
107.919
117.088
116.365
115.709
130.106
107.375
113.324
118.997
115.494
117.770
168.807
108.631
118.433
117.240
120.663
142.333
108.111
114.546
120.096
116.647
118.574
164.672
109.322
119.313
118.260
121.880
144.240
108.996
115.155
120.630
117.330
119.746
175.443
109.791
120.285
119.647
120.817
140.418
109.497
116.034
121.626
118.439
121.022
184.651
110.039
121.279
120.985
121.491
140.895
110.301
116.655
122.738
119.397
121.745
159.571
110.033
122.130
122.232
121.825
139.926
111.375
116.845
123.552
118.961
122.989
166.759
110.716
123.200
123.302
123.412
143.067
112.068
117.775
125.315
119.103
123.338
183.081
110.752
124.218
124.217
124.814
145.416
112.933
118.559
126.049
120.141
124.720
185.479
110.946
125.179
125.110
125.018
144.522
113.745
119.935
126.962
120.595
126.145
205.630
111.638
126.253
126.086
126.005
146.182
114.354
121.004
128.078
121.833
127.259
218.289
112.598
127.133
126.994
127.183
148.139
115.093
122.455
128.364
122.851
128.529
231.593
113.018
128.418
127.623
131.623
157.962
116.475
124.736
129.125
123.708
129.803
106.845 111.638 116.380 117.995 108.429 109.683 110.816 112.249 113.803 115.208 116.172 116.610 117.528 118.008 117.945 117.836 118.189 118.117 118.459
100.896 103.829 107.277 108.739 101.686 102.778 103.459 103.972 105.107 106.217 107.070 107.530 108.291 108.654 108.730 108.558 109.015 109.177 109.799
120.912 135.177 151.822 157.662 125.544 129.122 132.274 136.911 142.400 147.181 151.404 153.108 155.595 156.912 157.195 157.402 159.138 160.182 161.601
94.600 94.534 94.594 94.870 94.344 94.777 94.800 94.260 94.299 94.471 94.457 94.578 94.870 94.976 94.992 94.712 94.798 94.700 95.084
26
84.965
82.559
80.851
79.170
83.928
83.472
82.887
82.240
81.637
81.337
81.028
80.699
80.341
79.851
79.412
78.830
78.586
78.245
78.393
2/
28
29
30
31
32
33
34
35
36
58.619
94.525
91.864
104.253
109.421
104.087
120.587
51.388
94.236
91.132
108.132
109.973
108.140
129.268
44.779
95.464
90.860
111.551
110.916
110.642
136.897
40.062
95.888
90.278
115.968
112.762
113.222
138.884
56.402
93.824
91.403
105.652
109.086
105.059
123.826
54.329
94.216
91.350
106.904
110.719
106.786
125.407
52.333
94.310
91.184
108.076
110.543
108.153
127.492
50.387
94.185
91.076
108.428
108.487
108.736
130.852
48.501
94.231
90.920
109.122
110.144
108.885
133.320
47.053
94.723
90.848
109.896
110.857
109.645
135.418
45.369
95.484
90.750
110.835
110.683
109.963
136.670
43.874
95.841
90.893
112.259
110.386
110.928
137.089
42.818
95.807
90.948
113.215
111.737
112.031
138.412
41.879
95.738
90.545
114.515
112.827
112.461
139.181
40.668
95.817
90.424
115.490
113.210
113.117
138.733
39.308
95.850
90.097
116.383
112.494
113.376
138.820
38.391
96.147
90.047
117.484
112.519
113.933
138.803
37.024
96.339
90.345
118.620
111.871
114.175
137.900
36.347
97.042
90.802
120.343
111.827
114.533
137.140
3/
38
39
40
41
42
43
44
45
46
47
114.754 121.470 127.239 132.941 116.971 119.162 120.378 122.443 123.897 125.399 126.911 127.955 128.690 130.705 132.386 133.497 135.174 137.237 139.562
115.322
115.932
118.480
99.711
114.218
116.530
100.268
114.431
115.403
110.597
120.834
121.944
125.176
101.656
118.744
121.462
102.368
121.862
122.562
119.114
125.806
127.381
131.213
103.657
122.803
125.964
103.916
128.109
128.485
126.675
130.076
131.874
136.220
105.255
126.636
130.378
104.556
134.671
134.517
135.383
116.621
117.417
120.016
100.876
115.147
117.462
101.192
117.191
117.827
114.689
119.921
120.965
124.033
101.622
117.965
120.610
102.035
118.722
119.477
115.748
120.433
121.503
124.682
101.519
118.423
121.107
102.261
120.355
120.965
117.964
121.364
122.454
125.815
101.428
119.313
122.123
102.406
123.099
123.752
120.541
121.618
122.854
126.174
102.057
119.273
122.009
102.770
125.273
126.054
122.204
124.614
126.069
129.855
102.630
121.844
124.948
103.296
125.880
126.565
123.193
125.866
127.426
131.307
103.437
122.891
126.067
103.921
127.548
127.994
125.829
126.233
127.897
131.702
104.304
123.054
126.233
104.062
128.999
129.380
127.540
126.513
128.131
131.988
104.259
123.423
126.608
104.385
130.008
130.000
130.138
128.856
130.326
134.516
104.603
126.067
129.716
104.499
131.828
131.634
132.708
130.037
131.701
136.085
104.874
126.869
130.659
104.529
133.806
133.634
134.590
130.342
132.232
136.573
105.625
126.721
130.499
104.446
135.400
135.190
136.337
131.070
133.237
137.704
105.920
126.886
130.637
104.753
137.649
137.612
137.896
132.879
134.905
139.603
106.296
128.986
133.128
104.758
139.866
140.173
138.722
134.494
136.872
141.746
107.284
129.881
134.144
105.005
142.626
143.319
139.913
48
51.421
44.387
38.206
34.096
48.950
47.068
45.352
43.430
41.698
40.327
38.637
37.374
36.485
35.774
34.758
33.465
32.388
31.478
30.717
Addenda:
Final sales of computers to
domestic purchasers 2 ............
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers................................
Food.............................................
Energy goods and services.........
Gross domestic purchases
excluding food and energy.......
Gross domestic product..............
Gross domestic product
excluding final sales of
computers........................
Food.....................................
Energy goods and services
Gross domestic product
excluding food and energy
Final sales of domestic product....
Final sales to domestic
purchasers................................
49 110.212 114.494 118.561 122.010 111.683 112.765 113.672 115.181 116.356 117.231 118.333 119.236 119.443 120.551 121.588 122.316 123.584 124.703 126.046
50 110.211 112.606 115.149 119.572 111.268 111.553 112.452 112.850 113.567 114.222 114.647 115.552 116.177 117.557 118.879 120.284 121.569 122.979 124.935
51 121.596 145.056 161.394 171.369 129.409 131.394 134.629 153.362 160.839 159.032 164.415 168.263 153.866 159.250 170.218 171.305 184.703 194.992 210.101
52 108.587 111.955 115.371 118.194 109.728 110.775 111.514 112.326 113.204 114.150 115.065 115.778 116.492 117.339 117.872 118.437 119.129 119.770 120.416
53 109.462 113.039 116.676 119.819 110.677 111.778 112.357 113.487 114.536 115.536 116.317 117.109 117.742 118.935 119.531 119.984 120.826 121.613 121.933
54 110.247 114.020 117.855 121.184 111.521 112.680 113.309 114.492 115.599 116.641 117.476 118.316 118.989 120.222 120.861 121.376 122.275 123.102 123.458
55 110.928 112.926 115.457 120.469 111.536 111.812 112.799 113.269 113.822 114.415 114.894 115.889 116.630 118.232 119.582 121.143 122.921 125.086 127.395
56 116.171 126.679 135.401 139.410 119.347 124.430 117.712 129.542 135.033 137.586 134.623 136.428 132.969 141.829 142.349 135.717 137.744 140.086 129.462
57 109.089 112.631 116.243 119.152 110.310 111.383 112.132 113.016 113.994 114.998 115.919 116.659 117.396 118.325 118.839 119.371 120.074 120.661 121.089
58 109.487 113.074 116.710 119.853 110.699 111.801 112.385 113.526 114.585 115.576 116.353 117.141 117.769 118.967 119.569 120.020 120.856 121.653 121.996
59 109.259 113.299 117.101 120.329 110.646 111.662 112.513 113.954 115.066 115.872 116.896 117.735 117.902 118.964 119.946 120.609 121.798 122.863 124.161
1. Excludes softw are “em bedded,” or bundled, in co m puters and oth e r equipm ent.
2. S om e com ponents of final sales of com puters include co m p ute r parts.
Dom estic Product and Income
50
August 2008
Table 1.6.7. Percent Change From Preceding Period in Prices for Gross Domestic Purchases
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross domestic purchases..........................
Personal consumption expenditures.............
Durable goods...............................................
Motor vehicles and parts..........................
Furniture and household equipment.........
Other.........................................................
Nondurable goods.........................................
Food..........................................................
Clothing and shoes....................................
Gasoline, fuel oil, and other energy goods
Other.........................................................
Services.....................
Housing.................
Household operation.................................
Electricity and gas.................................
Other household operation...................
Transportation............................................
Medical care..............................................
Recreation.................................................
O th e r .........................................................
Gross private domestic investment...............
Fixed investment............................................
Nonresidential...........................................
Structures..............................................
Equipment and software.......................
Information processing equipment
and software..................................
Computers and peripheral
equipment.................................
Software 1.....................................
Other.............................................
Industrial equipment.........................
Transportation equipment.................
Other equipment................................
Residential..............
Change in private inventories.......................
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...................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
3.1
2.6
3.7
2.9
3.4
2.8
2005
I
II
2007
2006
III
2.8
2.6
3.6
3.0
3.7
2.5
3.1
2.5
0.2
3.2
-2.4
-1.8
4.7
2.2
-1.0
32.5
2.2
2.8
2.2
2.1
4.9
0.3
2.9
3.0
3.0
3.4
0.4
4.5
-3.9
-0.3
1.5
1.1
-0.2
4.4
1.7
3.3
3.0
4.1
5.8
3.0
4.6
4.1
2.2
2.5
-0.9
0.3
-2.6
-0.4
2.0
3.4
-2.2
4.1
1.0
3.5
2.3
6.1
12.3
2.1
5.5
3.1
1.9
4.3
5.2
4.7
-3.1
-2.7
-6.9
3.2
11.2
1.6
-2.1
121.6
1.9
3.3
2.1
7.3
16.8
1.3
4.4
3.0
3.9
3.1
IV
I
II
III
IV
I
II
2.9
1.8
3.6
3.3
2.9
3.1
0.6
-0.5
-0.9
1.9
-4.3
-0.6
2.3
2.5
-1.2
4.9
2.7
4.7
3.0
18.3
43.2
2.8
4.4
3.7
4.1
2.8
-0.9
2.2
-4.2
-1.1
0.3
2.4
-1.4
-9.4
2.6
3.0
3.5
4.1
5.5
3.3
2.1
1.8
2.4
4.0
-0.8
0.5
-4.3
3.3
4.9
1.5
3.2
28.8
1.7
3.3
4.8
-3.4
-10.2
1.9
3.1
3.3
3.8
4.3
-1.3
0.5
-4.8
1.5
4.4
3.2
0.0
22.7
0.9
3.3
4.5
2.3
1.4
3.0
2.2
3.7
3.3
2.4
-2.7
-2.5
-4.5
0.5
-6.2
2.1
-0.4
-44.2
0.0
2.8
4.2
1.1
-2.7
4.0
0.7
2.7
-1.5
4.2
-1.8
-1.6
-4.2
2.3
5.1
4.8
0.2
19.3
2.5
3.6
3.5
5.3
9.3
2.5
3.2
5.8
0.5
1.1
3.9
3.3
3.6
3.4
2008
III
IV
I
II
3.3
3.6
2.2
2.5
4.0
4.3
3.5
3.6
4.2
4.2
-1.6
0.1
-4.0
-0.6
6.4
4.5
-4.4
45.3
0.1
3.3
3.0
4.6
6.7
3.1
2.7
2.4
3.5
4.6
-1.9
1.5
-6.2
-0.5
2.9
4.8
-1.6
5.3
0.7
3.1
2.9
0.7
-2.4
2.9
4.7
2.9
1.5
4.6
-1.6
0.7
-5.5
1.5
8.4
3.7
0.9
51.1
2.5
3.5
3.2
3.2
4.7
2.2
3.6
3.6
4.2
3.6
-0.1
-0.9
-1.9
4.9
6.7
4.9
-0.5
27.0
3.5
2.8
2.9
3.8
5.5
2.6
4.9
0.9
3.4
4.1
-1.6
-1.3
-5.5
5.3
6.6
6.4
-3.0
26.7
1.5
4.1
2.0
14.7
29.3
4.9
7.7
2.4
2.8
4.0
-1.8
-0.8
-4.1
0.1
3.3
3.1
-0.4
17.6
0.9
3.2
2.5
2.1
3.7
1.0
2.2
4.1
2.6
3.9
-0.8
1.7
-3.8
-0.4
3.7
2.2
-1.0
22.4
1.5
3.3
2.6
5.1
10.3
1.8
4.0
3.4
2.7
3.4
-1.3
0.6
-4.6
0.8
3.0
2.3
-0.4
12.6
1.9
3.5
3.6
5.2
8.9
2.6
3.1
3.0
3.0
3.5
-1.8
-0.5
-4.6
1.0
3.0
3.8
-0.8
8.3
1.1
3.3
3.7
2.7
2.4
2.9
2.7
3.7
1.6
3.3
3.4
4.4
4.2
1.4
3.9
4.7
4.0
5.0
5.4
5.2
3.5
1.6
3.3
1.6
-0.3
-0.3
1.3
-0.5
0.6
3.4
1.3
6.2
-0.3
4.5
2.9
11.8
-0.1
4.2
3.3
12.3
0.1
1.4
1.4
3.8
0.3
3.9
2.5
12.0
-0.6
4.7
4.4
11.9
1.8
4.2
2.7
10.1
0.1
5.3
2.0
14.8
-2.3
5.7
4.4
17.0
0.2
5.0
4.3
14.1
0.7
3.4
3.3
12.0
-0.1
1.5
1.7
4.6
0.5
3.2
2.9
6.7
1.2
1.6
1.3
3.4
0.4
-0.2
0.3
0.7
0.1
-0.4
-0.6
0.5
-1.2
1.2
1.7
4.5
0.4
-0.2
0.6
2.7
-0.4
1.2
2.3
3.6
1.6
26
-3.3
-2.8
-2.1
-2.1
-3.9
-2.2
-2.8
-3.1
-2.9
-1.5
-1.5
-1.6
-1.8
-2.4
-2.2
-2.9
-1.2
-1.7
0.8
21
-7.3
-2.3
-2.5
2.6
5.2
0.9
7.3
-12.3
-0.3
-0.8
3.7
0.5
3.9
7.2
-12.9
1.3
-0.3
3.2
0.9
2.3
5.9
-10.5
0.4
-0.6
4.0
1.7
2.3
1.5
-10.3
-3.7
-0.9
4.1
1.7
2.7
6.2
-13.9
1.7
-0.2
4.8
6.1
6.7
5.2
-13.9
0.4
-0.7
4.5
-0.6
5.2
6.8
-14.1
-0.5
-0.5
1.3
-7.2
2.2
11.0
-14.2
0.2
-0.7
2.6
6.3
0.5
7.8
-11.4
2.1
-0.3
2.9
2.6
2.8
6.4
-13.6
3.3
-0.4
3.5
-0.6
1.2
3.7
-12.5
1.5
0.6
5.2
-1.1
3.6
1.2
-9.3
-0.1
0.2
3.5
5.0
4.0
3.9
-8.5
-0.3
-1.8
4.7
4.0
1.5
2.2
-11.1
0.3
-0.5
3.4
1.4
2.4
-1.3
-12.7
0.1
-1.4
3.1
-2.5
0.9
0.3
-9.0
1.2
-0.2
3.8
0.1
2.0
0.0
-13.5
0.8
1.3
3.9
-2.3
0.9
-2.6
-7.1
3.0
2.0
5.9
-0.2
1.3
-2.2
28
29
30
31
32
33
T4
3/
38
39
40
41
42
43
44
45
46
47
4.5
5.9
4.7
4.5
5.7
7.7
4.1
7.0
4.8
4.9
4.9
3.3
2.3
6.4
5.2
3.4
5.1
6.2
7.0
4.7
4.7
5.1
1.7
4.9
5.4
1.1
4.3
4.2
4.6
4.8
5.2
5.7
2.0
4.0
4.2
2.1
6.5
6.2
7.7
4.1
4.5
4.8
2.0
3.4
3.7
1.5
5.1
4.8
6.3
3.4
3.5
3.8
1.5
3.1
3.5
0.6
5.1
4.7
6.9
2.6
3.1
3.0
3.8
1.7
1.5
3.0
7.6
6.9
10.3
11.8
12.6
14.1
3.0
10.2
11.2
3.4
5.3
5.7
3.7
1.7
1.8
2.1
-0.4
1.6
1.7
0.9
5.6
5.1
7.9
3.1
3.2
3.7
-0.4
3.0
3.4
0.6
9.4
9.5
9.0
0.8
1.3
1.1
2.5
-0.1
-0.4
1.4
7.3
7.7
5.6
10.2
10.9
12.2
2.3
8.9
10.0
2.1
2.0
1.6
3.3
4.1
4.4
4.5
3.2
3.5
3.6
2.4
5.4
4.6
8.8
1.2
1.5
1.2
3.4
0.5
0.5
0.5
4.6
4.4
5.6
0.9
0.7
0.9
-0.2
1.2
1.2
1.2
3.2
1.9
8.4
7.6
7.0
7.9
1.3
8.8
10.2
0.4
5.7
5.1
8.1
3.7
4.3
4.7
1.0
2.6
2.9
0.1
6.1
6.2
5.8
0.9
1.6
1.4
2.9
-0.5
-0.5
-0.3
4.9
4.7
5.3
2.3
3.1
3.4
1.1
0.5
0.4
1.2
6.8
7.4
4.7
5.6
5.1
5.6
1.4
6.8
7.8
0.0
6.6
7.7
2.4
5.0
6.0
6.3
3.8
2.8
3.1
0.9
8.1
9.3
3.5
48
-9.1
-13.7
-13.9
-10.8
-14.4
-14.5
-13.8
-15.9
-15.0
-12.5
-15.7
-12.4
-9.2
-7.6
-10.9
-14.1
-12.3
-10.8
-9.3
49
50
51
3.2
3.1
11.8
3.9
2.2
19.3
3.6
2.3
11.3
2.9
3.8
6.2
3.9
2.2
25.4
3.9
1.0
6.3
3.3
3.3
10.2
5.4
1.4
68.4
4.1
2.6
21.0
3.0
2.3
-4.4
3.8
1.5
14.2
3.1
3.2
9.7
* 0.7
2.2
-30.1
3.8
4.8
14.7
3.5
4.6
30.5
2.4
4.8
2.6
4.2
4.3
35.1
3.7
4.7
24.2
4.4
6.5
34.8
52
53
2.7
2.9
3.1
3.3
3.1
3.2
2.4
2.7
2.8
3.2
3.9
4.0
2.7
2.1
2.9
4.1
3.2
3.7
3.4
3.5
3.2
2.7
2.5
2.8
2.5
2.2
2.9
4.1
1.8
2.0
1.9
1.5
2.4
2.8
2.2
2.6
2.2
1.1
54
55
56
3.0
3.3
5.8
3.4
1.8
9.0
3.4
2.2
6.9
2.8
4.3
3.0
3.4
1.0
15.7
4.2
1.0
18.2
2.3
3.6
-19.9
4.2
1.7
46.7
3.9
2.0
18.1
3.7
2.1
7.8
2.9
1.7
-8.3
2.9
3.5
5.5
2.3
2.6
-9.8
4.2
5.6
29.4
2.1
4.6
1.5
1.7
5.3
-17.4
3.0
6.0
6.1
2.7
7.2
7.0
1.2
7.6
-27.1
5/
58
59
2.7
2.9
3.1
3.2
3.3
3.7
3.2
3.2
3.4
2.5
2.7
2.8
3.1
3.2
3.6
3.9
4.0
3.7
2.7
2.1
3.1
3.2
4.1
5.2
3.5
3.8
4.0
3.6
3.5
2.8
3.2
2.7
3.6
2.6
2.7
2.9
2.6
2.2
0.6
3.2
4.1
3.7
1.7
2.0
3.3
1.8
1.5
2.2
2.4
2.8
4.0
2.0
2.7
3.5
1.4
1.1
4.3
Addenda:
Final sales of computers to domestic
purchasers 2..............................................
Gross domestic purchases excluding final
sales of computers to domestic
purchasers.................................................
Food..............................................................
Energy goods and services..........................
Gross domestic purchases excluding food
and energy.................................................
Gross domestic product................................
Gross domestic product excluding final
sales of computers...........................
Food......................................................
Energy goods and services..................
Gross domestic product excluding food
and energy........................................
Final sales of domestic product....................
Final sales to domestic purchasers..............
1. Excludes softw are “em bedded,” o r bundled, in com puters and oth e r equipm ent.
2. S om e com ponents of final sales of co m puters include com puter parts.
August 2008
51
S u r v e y o f C u r r e n t B u s in e s s
Table 1.6.8. Contributions to Percent Change in the Gross Domestic Purchases Price Index
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Percent change at annual rate:
Gross domestic purchases..........................
Percentage points at annual rates:
Personal consumption expenditures.............
Durable goods .............................................
Motor vehicles and parts..........................
Furniture and household equipment.........
Other.........................................................
Nondurable goods.........................................
Food...............
Clothing and shoes....................................
Gasoline, fuel oil, and other energy goods
Other.........................................................
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.................................
Software' .....................................
Other.............................................
Industrial equipment.........................
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...................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
3.1
3.7
3.4
2.8
3.6
2005
I
II
3.7
2006
III
3.1
5.2
IV
3.9
I
II
2.9
2007
III
3.6
IV
2.9
0.6
I
II
3.6
2008
III
3.3
2.2
IV
4.0
I
II
3.5
4.2
1.78
1.96
1.84
1.73
2.02
1.62
1.69
3.15
2.23
1.21
2.19
2.08
-0.32
2.24
2.42
1.66
-0.06
0.06
-0.12
-0.01
0.71
0.20
-0.03
0.45
0.08
1.32
0.26
0.19
0.15
0.04
0.10
0.39
0.07
0.31
-0.11
0.02
-0.14
0.01
0.58
0.21
-0.01
0.29
0.10
1.36
0.36
0.19
0.13
0.06
0.08
0.34
0.08
0.33
-0.14
-0.02
-0.14
0.02
0.58
0.34
-0.02
0.20
0.06
1.29
0.36
0.10
0.04
0.06
0.07
0.42
0.04
0.31
2.88
2.43
2.84
-0.15
-0.03
-0.12
0.00
0.64
0.28
-0.01
0.32
0.05
1.29
0.25
0.08
0.05
0.02
0.06
0.47
0.07
0.36
0.01
0.11
-0.07
-0.03
0.89
0.20
-0.03
0.60
0.12
1.12
0.23
0.08
0.07
0.01
0.07
0.34
0.08
0.32
0.04
0.15
-0.11
0.00
0.27
0.10
0.00
0.09
0.09
1.31
0.30
0.14
0.08
0.06
0.11
0.46
0.06
0.23
-0.07
0.01
-0.07
-0.01
0.38
0.30
-0.06
0.08
0.05
1.38
0.23
0.22
0.17
0.05
0.14
0.35
0.05
0.39
-0.25
-0.09
-0.20
0.05
2.09
0.15
-0.05
1.89
0.10
1.31
0.21
0.26
0.24
0.03
0.11
0.34
0.11
0.28
-0.07
0.06
-0.12
-0.01
0.46
0.23
-0.03
0.12
0.14
1.84
0.30
0.64
0.58
0.06
0.11
0.43
0.11
0.26
-0.07
0.07
-0.12
-0.02
0.07
0.22
-0.04
-0.24
0.13
1.21
0.35
0.16
0.09
0.07
0.05
0.21
0.07
0.37
-0.06
0.02
-0.13
0.05
0.94
0.14
0.08
0.63
0.09
1.30
0.47
-0.12
-0.16
0.04
0.08
0.38
0.10
0.40
-0.10
0.02
-0.14
0.02
0.86
0.29
0.00
0.53
0.05
1.32
0.45
0.08
0.02
0.06
0.05
0.42
0.09
0.22
-0.20
-0.08
-0.13
0.01
-1.23
0.19
-0.01
-1.40
0.00
1.11
0.41
0.04
-0.04
0.08
0.02
0.30
-0.04
0.38
-0.14
-0.05
-0.13
0.03
0.97
0.43
0.01
0.41
0.13
1.41
0.36
0.19
0.13
0.05
0.08
0.66
0.01
0.11
-0.12
0.00
-0.12
-0.01
1.21
0.41
-0.12
0.91
0.01
1.33
0.30
0.17
0.10
0.07
0.07
0.27
0.10
0.43
-0.15
0.05
-0.18
-0.01
0.56
0.44
-0.04
0.13
0.04
1.24
0.29
0.02
-0.04
0.06
0.11
0.33
0.04
0.43
-0.11
0.02
-0.16
0.02
1.60
0.34
0.02
1.10
0.13
1.39
0.32
0.12
0.07
0.05
0.09
0.41
0.12
0.34
-0.01
-0.03
-0.05
0.08
1.30
0.45
-0.01
0.68
0.18
1.13
0.29
0.14
0.08
0.06
0.12
0.11
0.09
0.38
-0.11
-0.04
-0.16
0.08
1.30
0.59
-0.08
0.70
0.08
1.65
0.20
0.52
0.41
0.10
0.19
0.28
0.08
0.38
0.51
0.68
0.67
0.22
0.61
0.75
0.63
0.77
0.82
0.76
0.52
0.23
0.49
0.26
-0.05
-0.04
0.20
-0.07
0.68
0.28
0.28
-0.01
0.66
0.33
0.32
0.00
0.21
0.14
0.12
0.02
0.08
0.50
0.12
0.15
-0.02
0.58
0.24
0.28
-0.05
0.72
0.43
0.30
0.13
0.63
0.25
0.25
-0.01
0.80
0.17
0.36
-0.19
0.85
0.39
0.41
-0.02
0.75
0.35
0.35
0.00
0.51
0.29
0.32
-0.03
0.22
0.15
0.13
0.02
0.48
0.28
0.20
0.08
0.27
0.16
0.11
0.05
-0.03
0.03
0.03
0.01
-0.05
-0.06
0.02
-0.08
0.18
0.18
0.15
0.03
-0.03
0.06
0.09
-0.03
0.16
0.24
0.13
0.11
26
-0.12
-0.10
-0.07
-0.08
-0.15
-0.08
-0.12
-0.13
-0.13
-0.10
-0.08
-0.07
-0.07
-0.07
-0.08
-0.10
-0.04
-0.06
0.03
27
28
29
30
31
32
33
34
35
36
-0.05
-0.03
-0.04
0.03
0.06
0.01
0.38
0.01
0.00
0.00
-0.09
0.00
-0.01
0.04
0.01
0.05
0.40
0.01
-0.01
0.01
-0.09
0.02
0.00
0.04
0.01
0.03
0.33
0.01
0.00
0.02
-0.07
0.01
-0.01
0.05
0.02
0.03
0.07
0.01
0.00
0.01
-0.07
-0.06
-0.02
0.05
0.02
0.03
0.34
0.03
0.00
0.03
-0.10
0.02
0.00
0.06
0.07
0.08
0.29
0.04
0.01
0.03
-0.09
0.01
-0.03
0.05
-0.01
0.06
0.39
0.00
0.00
-0.01
-0.09
-0.01
-0.03
0.02
-0.10
0.03
0.63
-0.04
0.00
-0.04
-0.10
0.00
-0.04
0.03
0.07
0.01
0.46
-0.03
0.00
-0.03
-0.08
0.03
-0.06
0.03
0.03
0.04
0.39
0.02
0.00
0.02
-0.09
0.05
-0.03
0.04
-0.01
0.02
0.22
0.01
0.00
0.01
-0.09
0.02
-0.01
0.06
-0.01
0.04
0.07
0.01
-0.01
0.02
-0.06
0.00
0.00
0.04
0.06
0.05
0.20
0.01
-0.01
0.02
-0.06
0.00
-0.01
0.06
0.05
0.02
0.10
-0.01
-0.01
0.00
-0.08
0.00
0.00
0.04
0.02
0.03
-0.06
-0.02
0.00
-0.02
-0.09
0.00
-0.02
0.04
-0.03
0.01
0.01
0.01
0.00
0.01
-0.06
0.02
0.00
0.05
0.00
0.02
0.00
0.02
0.01
0.01
-0.09
0.01
0.02
0.05
-0.02
0.01
-0.10
-0.03
0.04
-0.08
-0.05
0.05
0.03
0.07
0.00
0.01
-0.08
-0.08
0.02
-0.10
37
38
39
40
41
42
43
44
45
46
47
0.80
1.04
0.85
0.81
1.02
1.35
0.74
1.26
0.87
0.89
0.88
0.60
0.42
1.14
0.95
0.62
0.94
0.31
0.20
0.20
0.01
0.11
0.11
0.00
0.49
0.39
0.10
0.32
0.23
0.22
0.01
0.09
0.08
0.01
0.72
0.56
0.17
0.27
0.20
0.19
0.01
0.08
0.07
0.00
0.57
0.44
0.14
0.23
0.16
0.15
0.01
0.07
0.07
0.00
0.58
0.43
0.15
0.18
0.14
0.12
0.02
0.04
0.03
0.01
0.84
0.62
0.22
0.76
0.54
0.52
0.02
0.22
0.21
0.01
0.59
0.51
0.08
0.12
0.08
0.09
0.00
0.04
0.03
0.00
0.62
0.46
0.17
0.22
0.15
0.15
0.00
0.07
0.07
0.00
1.04
0.85
0.20
0.67
0.47
0.46
0.01
0.20
0.19
0.01
0.23
0.15
0.07
1.15
1.30
0.06
0.06
0.05
0.01
0.00
-0.01
0.00
0.81
0.69
0.12
0.28
0.20
0.18
0.02
0.08
0.07
0.01
0.61
0.42
0.19
0.08
0.07
0.05
0.02
0.01
0.01
0.00
0.52
0.40
0.12
0.06
0.03
0.04
0.00
0.03
0.02
0.00
0.36
0.18
0.18
0.50
0.31
0.30
0.01
0.19
0.19
0.00
0.65
0.47
0.18
0.25
0.19
0.19
0.01
0.06
0.06
0.00
0.70
0.57
0.13
0.06
0.07
0.06
0.02
-0.01
-0.01
0.00
0.56
0.44
0.12
0.15
0.14
0.14
0.01
0.01
0.01
0.00
0.79
0.68
0.11
0.38
0.24
0.23
0.01
0.15
0.15
0.00
0.77
0.72
0.06
0.34
0.28
0.26
0.02
0.06
0.06
0.00
0.96
0.88
0.08
48
-0.10
-0.15
-0.16
-0.12
-0.16
-0.16
-0.15
-0.17
-0.16
-0.14
-0.17
-0.14
-0.10
-0.08
-0.12
-0.16
-0.14
-0.12
-0.10
49
50
51
3.19
0.29
0.47
3.84
0.20
0.80
3.51
0.21
0.52
2.88
0.35
0.30
3.81
0.21
0.99
3.88
0.11
0.27
3.22
0.31
0.43
5.35
0.14
2.48
4.09
0.24
0.97
3.01
0.21
-0.22
3.77
0.14
0.68
3.05
0.29
0.48
0.69
0.20
-1.72
3.72
0.44
0.65
3.44
0.42
1.32
2.39
0.44
0.13
4.16
0.41
1.58
3.63
0.44
1.21
4.33
0.61
1.75
52
2.33
2.69
2.63
2.10
2.44
3.35
2.33
2.56
2.71
2.88
2.77
2.14
2.11
2.55
1.59
1.66
2.03
1.85
1.86
Addenda:
Final sales of computers to domestic
purchasers 2..............................................
Gross domestic purchases excluding final
sales of computers to domestic
purchasers.................................................
Food..............................................................
Energy goods and services...........................
Gross domestic purchases excluding food
and energy.................................................
1. E xcludes softw are “em bedded,” or bundled, in com puters and other e quipm ent.
2. Som e com ponents of final sales of com puters include com puter parts.
52
Dom estic Product and Income
August 2008
Table 1.7.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross National Product, and Real Net National Product
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2004
2007
IV
Gross domestic product................
Plus: Income receipts from the rest
of the world...................................
Less: Income payments to the rest of
the world.......................................
Equals: Gross national product....
Less: Consumption of fixed capital...
Private..............................
Government.....................
General government....
Government
enterprises..............
Equals: Net national product.........
Addenda:
Gross domestic income 1............
Gross national income 2..............
Net domestic product..................
Net domestic income 3................
2005
I
II
2006
III
IV
I
II
2007
IV
III
I
II
2008
III
IV
II
I
1
3.6
2.9
2.8
2.0
2.5
3.0
2.6
3.8
1.3
4.8
2.7
0.8
1.5
0.1
4.8
4.8
-0.2
0.9
2
26.1
26.5
22.5
15.7
19.1
62.5
8.5
19.0
26.2
23.8
34.4
12.3
15.7
3.8
32.1
21.1
0.4
-28.0
3
4
5
6
7
8
25.3
28.3
30.5
14.3
68.8
11.4
22.5
13.7
65.0
23.2
35.5
28.2
7.2
10.6
45.1
-5.3
-23.5
-21.8
3.8
3.0
2.6
2.2
1.5
4.7
2.2
4.1
0.4
4.9
2.8
0.2
2.0
-0.3
4.4
6.3
1.3
0.1
4.9
5.3
2.5
2.3
7.8
8.5
4.3
2.7
-3.1
1.5
3.1
3.7
3.9
3.0
3.1
-25.7
-30.1
2.6
2.5
3.9
4.1
2.8
2.8
3.2
3.2
2.9
2.9
153.7
186.2
29.2
2.9
-54.7
-59.2
-18.1
3.1
-3.8
-5.0
3.1
3.2
3.7
3.9
3.0
3.0
3.4
3.4
3.1
3.2
3.2
3.2
3.1
3.1
3.2
3.2
3.1
3.2
3.9
4.1
3.0
3.0
4.7
5.1
2.8
2.8
5.5
6.1
2.7
2.7
8.0
9.1
2.6
2.6
6.2
6.9
3.0
3.1
2.8
- 4 .0
9
10
3.6
11.9
-5.7
2.9
3.0
2.8
2.9
244.4
-69.6
2.6
2.9
2.9
2.9
2.9
3.0
2.9
2.6
2.6
3.6
2.4
3.5
2.0
6.1
4.8
2.1
-9.4
13.8
6.2
2.7
-0.2
1.8
-0.7
4.4
6.6
0.7
-1.0
11
12
13
14
3.9
4.1
3.5
3.8
3.7
3.8
2.2
3.1
3.5
3.3
3.7
4.4
1.4
1.5
1.8
1.1
3.3
2.2
7.4
8.3
3.8
5.4
2.9
3.8
3.5
3.1
2.6
3.6
3.2
3.5
-9.8
-10.4
4.4
3.4
15.2
19.1
5.2
5.3
6.1
6.5
1.9
2.0
2.6
1.7
1.9
1.3
0.4
1.8
2.2
2.6
1.3
2.0
-0.2
-0.5
-0.4
-0.7
3.3
2.9
4.9
3.3
0.7
2.2
4.8
0.2
-0.8
0.7
-1.0
-1.6
1.9
0.0
-0.7
-0.1
-1.1
1.3
1. G ross dom estic incom e deflated by the im plicit price deflator for gross dom estic product.
2. G ross national in com e deflated by the im plicit price defla tor for gross national product.
3. Net dom estic incom e deflated by the im plicit price defla tor for net dom estic product.
Table 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Gross domestic product................
Plus: Income receipts from the rest
Less: Income payments to the rest of
Equals: Gross national product....
Less: Consumption of fixed capital...
Private.............................
Government.....................
General government....
Government
enterprises..............
Equals: Net national product.........
Addendum:
Net domestic product..................
2005
I
2006
III
II
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 108.748 111.944 115.054 117.388 109.977 110.786 111.502 112.560 112.928 114.264 115.022 115.250 115.681 115.696 117.056 118.425 118.374 118.631 119.188
? 104.866 132.660 162.549 188.098 111.471 125.861 128.441 134.156 142.182 149.985 161.501 166.269 172.442 174.066 186.613 195.771 195.944 180.516
a
4
5
6
7
8
96.258 123.539 161.192 184.231 110.078 113.083 118.975 122.854 139.244 146.696 158.281 168.419 171.373 175.756 192.907 190.305 177.954 167.341
109.031 112.340 115.284 117.795 110.030 111.288 111.896 113.036 113.142 114.515 115.313 115.371 115.936 115.861 117.104 118.913 119.302 119.329
116.569
117.771
110.576
110.134
125.719
127.829
115.279
113.147
121.791
122.731
117.032
116.639
126.321
127.463
120.585
120.211
115.227
115.931
111.641
111.165
116.322
117.093
112.401
111.924
117.230
118.030
113.200
112.722
147.949
153.520
120.688
113.541
121.374
122.672
114.826
114.400
120.215
121.096
115.714
115.310
121.319
122.255
116.575
116.177
122.333
123.296
117.472
117.084
123.298
124.275
118.368
117.985
124.267
125.251
119.287
118.915
125.466
126.513
120.182
119.808
126.919
128.093
121.028
120.651
128.631
129.996
121.844
121.472
131.133
132.871
122.626
122.253
133.130
135.104
123.550
123.188
9 112.953 126.450 119.224 122.684 114.213 115.000 115.823 157.783 117.194 117.962 118.794 119.634 120.506 121.376 122.282 123.145 123.935 124.726 125.592
10 108.013 110.565 114.406 116.652 109.316 110.597 111.173 108.461 112.030 113.737 114.501 114.436 114.949 114.736 115.982 117.838 118.054 117.763
11 107.688 110.110 114.143 116.187 109.253 110.027 110.725 107.903 111.784 113.450 114.169 114.296 114.657 114.545 115.924 117.280 117.000 116.966 117.339
Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
Gross domestic product................
1 109.462 113.039 116.676 119.819 110.677 111.778 112.357 113.487 114.536 115.536 116.317 117.109 117.742 118.935 119.531 119.984 120.826 121.613 121.933
Plus: Income receipts from the rest
of the world...................................
Less: Income payments to the rest of
2 109.022 112.972 116.618 119.722 110.377 111.348 112.323 113.599 114.619 115.365 116.552 117.274 117.283 118.379 119.472 119.975 121.060 122.117
Equals: Gross national product....
Less: Consumption of fixed capital...
Private..............................
Government.....................
General government....
Government
enterprises..............
Equals: Net national product.........
Addendum:
Net domestic product..................
:■
!
4
5
6
7
8
109.203 113.153 116.794 119.907 110.561 111.595 112.485 113.726 114.807 115.559 116.738 117.407 117.473 118.502 119.626 120.197 121 302 122 572
109.456 113.036 116.673 119.815 110.671 111.769 112.355 113.487 114.533 115.531 116.315 117.109 117.736 118.932 119.529 119.978 120.822 121.601
103.717
103.343
105.667
105.014
107.948
107.351
111.113
110.194
112.252
111.504
116.233
115.252
114.661
113.313
121.816
120.682
105.368
104.803
108.332
107.537
106.221
105.637
109.272
108.411
107.365
106.789
110.378
109.449
108.585
107.971
111.851
110.898
109.619
109.005
112.951
112.020
110.851
110.287
113.882
112.990
111.915
111.194
115.758
114.777
112.755
111.967
116.932
115.940
113.489
112.568
118.359
117.299
114.120
112.995
120.114
119.037
114.548
113.285
121.257
120.137
114.879
113.456
122.423
121.268
115.095
113.515
123.471
122.286
114.142
112.213
124.403
123.312
114.087
111.948
125.500
124.420
9 109.155 115.953 121.399 127.796 112.564 113.828 115.280 116.855 117.851 118.572 120.922 122.158 123.943 125.788 127.159 128.517 129.721 130.151 131.189
10 110.289 113.769 117.304 120.554 111.437 112.568 113.071 114.191 115.247 116.205 116.944 117.728 118.338 119.621 120.242 120.708 121.644 122.685
11 110.301 113.776 117.310 120.561 111.446 112.581 113.077 114.194 115.253 116.213 116.949 117.730 118.347 119.627 120.247 120.717 121.653 122.706 123.083
August 2008
53
S u r v e y o f C u r r e n t B u s in e s s
Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income
[Billions of dollars]
S e a s o n a lly a d ju s te d a t a n n u a l ra tes
2004
L ine
Gross domestic product...........
Plus: Income receipts from the
rest of the world.......................
Less: Income payments to the rest
of the world...............................
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Domestic business...
Capital
consumption
allowances.......
Less: Capital
consumption
adjustment.......
Households and
institutions...........
Government.................
General government
Government
enterprises..........
Equals: Net national product....
Less: Statistical discrepancy....
Equals: National income...........
Less: Corporate profits with
inventory valuation and capital
consumption adjustments........
Taxes on production and
imports less subsidies
Contributions for
government social
insurance.....................
Net interest and
miscellaneous
payments on assets.....
Business current transfer
payments (net).............
Current surplus of
government enterprises
Wage accruals less
disbursements.............
Plus: Personal income receipts on
assets.......................................
Personal current transfer
receipts........................
Equals: Personal income..........
Addenda:
Gross domestic income...........
Gross national income.............
Gross national factor income 1
Net domestic product...............
Net domestic income...............
Net national factor income 2....
2005
2006
2007
2004
2005
2007
2006
2008
11,685.9 12.421.9 13,178.4 13,807.5 11,948.5 12,155.4 12,297.5 12.538.2 12,696.4 12,959.6 13,134.1 13,249.6 13,370.1 13,510.9 13,737.5 13,950.6 14,031.2 14,150.8 14,256.5
437.5
573.5
725.4
861.7
470.6
536.0
551.8
582.9
623.3
661.9
720.0
745.9
773.7
361.3
480.5
647.1
759.3
417.9
433.4
459.6
479.9
549.1
582.4
634.8
679.4
691.8
907.4
852.8
715.8
793.2
786.3
843.2
742.0
705.1
11,762.1 12.514.9 13,256.6 13,910.0 12,001.1 12,258.0 12,389.7 12.641.2 12,770.6 13,039.2 13,219.4 13,316.1 13,452.0 13,583.3 13,797.2 14.062.8 14,196.6 14,289.0
1,436.1
1,206.0
970.2
1,612.0
1,359.7
1,062.3
1,623.9
1,356.0
1,085.5
1,720.5
1,431.1
1,147.0
1,442.0
1,203.8
971.3
1.467.2
1.225.3
987.3
1.494.1
1,248.0
1.004.2
1.907.0
1.641.1
1,201.9
1,579.8
1,324.4
1,055.6
1.582.7
1,323.1
1.059.8
1,612.5
1.346.8
1.077.8
1,638.3
1,367.8
1,094.5
1,662.2
1,386.2
1,109.7
1,684.3
1,402.1
1,123.6
1.707.0
1.420.0
1,138.5
1.731.9
I,440.1
1.154.4
1,758.6
1.462.3
1.171.4
1.778.0
1,477.5
1.186.1
1.804.2
1,498.8
1.206.3
1.148.2
987.8
1,006.1
1,055.5
I,137.5
947.5
960.0
1.059.2
984.5
997.9
1,002.7
1,008.5
1,015.2
1.043.8
I,051.6
1.059.4
1.067.2
1,286.0
1,295.2
-94.5
-79.8
-86.9
-95.1
-104.2
100.0
221.8
273.3
270.5
225.8
276.5
275.9
230.2
278.4
282.2
235.5
281.5
287.0
239.5
285.7
291.8
243.4
290.9
296.3
247.1
291.4
300.5
250.8
292.5
305.4
255.0
43.9
44.7
45.7
46.7
47.6
48.4
49.2
49.7
50.4
178.0
-74.5
-79.4
-91.5
166.2
-39.8
-44.2
-142.7
-71.1
-61.9
-75.1
235.8
230.2
192.4
297.4
252.3
207.5
270.5
268.0
223.7
284.1
289.4
241.4
232.5
238.2
198.9
238.0
241.9
201.9
243.8
246.1
205.3
439.2
265.9
209.5
268.7
255.4
213.2
263.3
259.5
216.8
268.9
265.8
37.7
44.9
44.3
48.0
39.3
40.0
40.8
56.4
42.2
42.8
10,326.0 10,902.9 11.632.7 12,189.5 10,559.1 10.790.8 10,895.6 10,734.3 11,190.8 11.456.5 11,606.8 11,677.7 11,789.8 11.899.0 12,090.1 12.330.8 12.438.0 12.511.1
-81.4
188.4 -143.4
-71.2 -163.0
13.9
-45.3
-7.8
-12.2
43.6
19.1
-63.3
194.9
-35.6
140.5 -154.6 -131.7 -170.8
10,306.8 10.974.0 11.795.7 12.270.9 10.571.3 10,826.3 10,958.9 10.779.5 11,331.3 11,611.1 11,738.5 11.848.6 11,984.7 12,087.4 12,233.6 12.338.6 12.424.1 12,467.5
1.231.2
1.447.9
1,668.5
1.642.4
1,294.8
1,438.2
1,472.4
1.342.6
1,538.6
1,634.2
1,681.6
1.713.8
1,644.5
1.617.8
1.672.5
1,668.3
1,611.1
1,593.5
819.2
868.9
926.4
963.2
837.9
850.0
865.5
876.6
883.5
908.5
923.8
932.0
941.5
955.2
956.4
965.7
975.3
975.1
983.3
874.3
925.5
965.1
845.5
859.6
917.1
918.9
925.5
940.4
959.8
959.1
966.0
975.3
991.3
996.6
569.1
631.2
664.4
491.8
537.0
600.8
615.5
629.7
630.1
649.3
645.8
660.8
663.0
688.1
662.3
665.2
491.2
881.1
554.8
583.9
83.0
70.0
85.4
100.2
93.6
97.4
97.9
8.5
76.1
85.1
83.5
86.0
98.3
97.4
102.2
103.1
103.2
103.0
-4.2
-1 3.4
-8.6
-7.9
-6 .5
-7.1
-9.3
-25.8
-11.4
-7.8
-8.3
-9.1
-9.2
-10.8
-8.5
-5 .5
-6 .7
-7.1
-7.6
-15.0
5.0
1.3
-6 .3
-10.0
0.0
0.0
0.0
20.0
-20.0
0.0
0.0
25.0
-25.0
0.0
0.0
0.0
0.0
0.0
1.432.1
1.596.9
1,824.8
2,000.1
1.564.1
1.513.6
1.564.7
1,616.9
1,692.3
1,735.4
1,809.5
1.865.8
1,888.6
1.930.9
1.982.5
2.030.9
2.056.2
2.054.1
2,043.0
1,422.5
1,520.7
1,603.0
1,713.3
1.437.1
1.479.7
1.508.8
1.559.6
1,534.7
1,567.6
1,594.5
1,620.1
1,629.8
1,695.7
1,699.2
1,720.6
1,737.8
1.778.1
1,923.4
9.727.2 10.269.8 10,993.9 11,663.2 10.025.5 10.044.5 10.184.4 10.289.1 10.561.0 10.781.6 10.913.2 11,056.1 11.224.7 11.473.0 11.577.5 II,7 3 0.4 11.872.1 11.981.2 12,195.7
11,666.8
11,742.9
10,845.0
10,249.8
10,230.6
9,408.9
12.493.0
12.586.0
11.660.5
10.809.9
10.881.0
10.048.5
13.341.4
13.419.7
12.416.5
11.554.4
11.717.5
10.792.5
13.889.0
13.991.4
12.935.9
12.087.1
12.168.5
11.215.5
II,9 6 0 .6
12.013.3
11.088.3
10.506.5
10.518.6
9,646.3
12.190.9 12.360.9 12.583.5 12,836.9
12.293.5 12.453.0 12.686.5 12.911.1
11.353.2 11.499.0 11.827.2 11,962.8
10.688.2 10.803.5 10.631.3 11,116.6
10,723.7 10,866.8 10.676.5 11.257.0
9,886.0 10.004.9 9.920.2 10.383.0
13.114.3
13,193.8
12,208.0
11,377.0
11.531.6
10.625.3
13,265.8
13.351.0
12.352.0
11,521.6
11.653.3
10.739.4
13,420.4
13,486.9
12.478.0
11,611.3
11.782.1
10.839.7
13.565.0
13,646.9
12.627.8
11.708.0
11.902.9
10,965.6
13,699.3
13.771.7
12.729.1
11,826.6
12,015.0
11.044.8
13,881.0
13.940.6
12,895.3
12,030.5
12,173.9
II,1 8 8 .3
13.958.4
14.070.6
13.008.2
12.218.6
12.226.4
11.276.3
14.017.4
14.182.7
13.111.1
12,272.6
12.258.8
11.352.5
14.107.3
14.245.4
13.174.2
12,372.9 12,452.3
12.329.3
11,396.2
1. Consists of compensation of employees, proprietors’ income with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj), rental income of persons with CCAdj, corporate profits with IVA and CCAdj, net interest and miscella
neous payments, and consumption of fixed capital.
2. Consists of gross national factor income less consumption of fixed capital.
54
August 2008
Dom estic Product and Income
Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Plus: Income receipts from the
rest of the w orld.....................
Less: Income payments to the
rest of the w orld.....................
Gross domestic income 1....
Gross national income 2.......
Net domestic p roduct...........
Net domestic income 3 .........
III
IV
I
III
II
IV
I
II
III
IV
II
I
2
401.3
507.8
622.2
719.9
426.6
481.8
491.6
513.5
544.2
574.1
618.2
636.5
660.1
666.3
714.3
749.3
749.9
690.9
3
Equals: Gross national
product..................................
Equals: Net national product
Addenda:
II
2008
1 10,675.8 10,989.5 11,294.8 11,523.9 10,796.4 10,875.8 10,946.1 11,050.0 11,086.1 11,217.3 11,291.7 11,314.1 11,356.4 11,357.8 11,491.4 11,625.7 11,620.7 11,646.0 11,700.6
Gross domestic product........
Less: Consumption of fixed
capital.....................................
Private.......................
Government..............
General
government.....
Government
enterprises.......
I
2007
2006
2005
330.9
424.6
554.1
633.3
378.4
388.7
409.0
422.3
478.6
504.2
544.1
578.9
589.1
604.1
663.1
654.1
611.7
575.2
4 10,746.0 11,072.1 11,362.3 11,609.8 10,844.4 10,968.4 11,028.4 11,140.7 11,151.2 11,286.5 11,365.1 11,370.8 11,426.5 11,419.1 11,541.7 11,719.9 11,758.3 11,760.9
1,428.0 1,441.1
1,199.9 1,211.4
227.9
229.6
1,453.1
1,221.7
231.4
191.9
193.3
194.8
35.4
9
38.7
36.5
37.5
34.9
35.2
48.3
35.9
36.1
34.6
10 9,362.6 9,583.8 9,916.8 10,111.5 9,475.6 9,586.6 9,636.6 9,401.5 9,710.8 9,858.8
36.3
36.6
9,925.0
9,919.4
9,963.9
11,404.9
11,478.4
9,851.8
9,964.4
11,460.0
11,516.7
9,862.8
10,007.9
11,522.0
11,592.1
9,893.9
10,058.6
5 1,384.6
6 1,166.9
7
217.8
8
11
12
13
14
183.2
10,658.3
10,728.5
9,292.5
9,275.2
1,493.3
1,266.6
227.1
1,446.7
1,216.1
230.5
1,500.5
1,263.0
237.5
1,368.7
1,148.7
219.9
188.3
194.1
200.0
185.0
11,052.5
11,135.0
9,501.5
9,564.1
11,434.6
11,502.0
9,849.6
9,988.5
11,591.9
11,677.7
10,025.9
10,093.5
10,807.4
10,855.5
9,427.6
9,438.5
1,381.7 1,392.5
1,160.2 1,169.5
221.4
223.0
1,757.4
1,521.2
237.7
1,441.7
1,215.5
226.2
187.6
188.9
190.3
186.2
10,907.6
11,000.2
9,494.4
9,525.9
11,002.5
11,084.7
9,554.6
9,610.6
11,089.9
11,180.6
9,311.1
9,350.8
11,208.8
11,273.8
9,646.0
9,767.8
11,351.1
11,420.3
9,789.8
9,922.8
1,464.6 1,476.1
1,231.4 1,241.1
235.0
233.2
1,490.3
1,253.6
236.7
1,507.6
1,269.2
238.4
1,527.9
1,288.1
240.0
1,557.6
1,316.6
241.6
1,581.4
1,338.7
243.4
196.3
197.9
199.3
200.7
202.1
203.4
205.0
36.9
37.1
37.4
37.7
37.9
38.2
38.4
9,945.4 10,053.4 10,214.3 10,233.0 10,207.8
11,516.3
11,577.5
9,884.2
10,041.7
11,611.3
11,661.7
10,003.2
10,122.5
11,632.3
11,726.4
10,120.3
10,126.7
11,609.3
11,746.8
10,096.1
10,084.7
11,610.2
11,725.1
10,093.2 10,125.3
10,057.6
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
3. Net domestic income deflated by the implicit price deflator for net domestic product.
Note. Except as noted in footnotes 1,2 and 3, chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chaintype quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Table 1.8.3. Command-Basis Real Gross National Product, Quantity Indexes
[Index num bers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
2006
2005
IV
2007
IV
IV
109.031 112.340 115.284 117.795 110.030 111.288 111.896 113.036 113.142 114.515 115.313 115.371 115.936 115.861
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.........................
2008
III
IV
117.104 118.913 119.302 119.329
103.375 116.075 131.369 145.597 107.088 112.430 114.808 116.408 120.654 125.981 130.193 132.207 137.093 137.663 142.938 150.337 151.448 148.662
103.958 114.288 128.521 142.179 106.822 112.598 113.638 113.579 117.419 123.563 126.614 128.441 135.459 136.703 140.031 146.163 145.463 141.612
Equals: Command-basis
gross national product.......
Addendum:
109.119 112.072 114.857 117.282 109.990 111.313 111.720 112.611
Percent change from
preceding period in
command-basis real gross
national product................
3.6
3.2
4.9
2.5
112.656 114.152 114.776 114.806 115.691
115.717 116.668 118.287 118.404 118.271
3.1
0.1
0.1
5.7
3.3
0.4
-0.4
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments.
Table 1.8.6. Command-Basis Real Gross National Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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 ' .........................
Equals: Command-basis
gross national product.......
Addendum:
Terms of trade 2.....................
2005
I
II
2006
III
IV
I
II
2007
I
II
III
IV
I
II
1 10,746.0 11,072.1 11,362.3 11,609.8 10,844.4 10,968.4 11,028.4 11,140.7 11,151.2 11,286.5 11,365.1 11,370.8 11,426.5 11,419.1 11,541.7 11,719.9 11,758.3 11,760.9
1,528.9
1,716.7
1,942.9 2,153.3
1,583.8
1,662.8
1,697.9
1,721.6
1,784.4
1,863.2
1,925.5
1,955.3 2,027.5 2,036.0 2,114.0 2,223.4 2,239.8 2,198.6
1,537.5
?
1,690.3
1,900.8 2,102.7
1,579.9
1,665.3
1,680.7
1,679.8
1,736.6
1,827.5
1,872.6
1,899.6 2,003.4 2,021.8 2,071.0 2,161.7 2,151.4 2,094.4
4 10,754.6 11,045.7 11,320.2 11,559.2 10,840.6 10,971.0 11,011.1 11,098.9 11,103.4 11,250.8 11,312.3 11,315.2 11,402.4 11,405.0 11,498.7 11,658.3 11,669.8 11,656.8
5 100.565
98.460
97.832
97.652
99.755 100.153
98.984
97.573
97.322
98.084
97.254
97.154
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit price deflator for imports divided by 100.
N o te . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by
more than one period, the corresponding chained-dollar estimates are usually not additive.
IV
III
2008
98.811
99.305
97.969
97.226
96.051
95.261
100. Because the formula for the chain-type quantity indexes uses weights of
2008
S u r v e y o f C u r r e n t B u s in e s s
Table 1.9.3. Real Net Value Added by Sector, Quantity Indexes
[Index numbers, 2000=100]
Line
Net domestic product..........................................................................................................
Business 1.......................................................................................................................................
Nonfarm 2...............
Farm........................
Households and institutions
Households.........................................................................................................................
Nonprofit institutions serving households 3.......................................................................
General governm ent4
Federal........
State and local....................................................................................................................
1.
2.
3.
4.
2004
1
2
3
4
5
6
7
8
9
10
2005
2007
2006
107.688
108.566
110.110
111.993
114.143
116.064
116.187
118.159
108.553
109.121
111.893
122.209
116.093
108.709
118.079
123.563
104.660
102.189
110.129
112.881
104.061
105.503
98.884
105.862
114.504
106.049
118.004
108.060
104.827
105.257
105.415
106.483
106.813
104.083
106.948
104.627
105.769
105.306
105.768
106.797
Equals net domestic product excluding net value added of households and institutions and of general government.
Equals net domestic business value added excluding net farm value added.
Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households.
Equals compensation of general government employees.
Table 1.9.4. Price Indexes for Net Value Added by Sector
[Index numbers, 2000=100]
Line
Net domestic product..........................................................................................................
Business 1
Nonfarm 2...........................................................................................................................
Farm.
Households and institutions.......................................................................................................
Households.........................................................................................................................
Nonprofit institutions serving households3
General governm ent4....................................
Federal........................................................
State and local...........................................
1. Equals
2. Equals
3. Equals
4. Equals
2004
2005
2007
2006
1
2
110.301
108.029
113.776
111.360
117.310
114.656
120.561
117.520
3
107.684
155.320
111.329
118.216
114.743
105.893
117.188
165.324
115.156
117.256
120.493
124.367
110.184
120.774
110.135
125.286
111.769
130.375
115.088
134.913
122.096
128.058
133.771
139.519
129.784
119.400
138.008
124.556
145.848
129.517
153.196
134.707
4
5
6
7
8
9
10
net domestic product excluding net value added of households and institutions and of general government.
net domestic business value added excluding net farm value added.
gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households.
compensation of general government employees.
Table 1.9.5. Net Value Added by Sector
[Billions of dollars]
Line
Net domestic product..........................................................................................................
Business 1.......................................................................................................................................
Nonfarm 2...........................................................................................................................
Farm....................................................................................................................................
Households and institutions.......................................................................................................
Households................................................
Nonprofit institutions serving households 3
General governm ent4...................................
Federal.......................................................
State and local....................................................................................................................
1
2
3
4
5
6
7
8
g
10
2004
2005
2007
2006
10,249.8
7,979.6
10,809.9
8,484.7
11,554.4
9,054.0
12,087.1
9,447.4
7,894.5
85.1
8,412.1
72.5
8,996.2
57.8
9,344.8
102.6
1,114.2
1,107.8
1,226.8
1,297.9
571.3
543.0
542.6
565.2
637.6
589.2
676.6
621.2
1,156.0
1,217.4
1,273.7
1,341.8
324.1
831.9
345.0
872.4
360.6
913.0
378.8
963.1
1. Equals net domestic product excluding net value added of households and institutions and of general government.
2. Equals net domestic business value added excluding net farm value added.
3. Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households.
4. Equals compensation of general government employees.
Table 1.9.6. Real Net Value Added by Sector, Chained Dollars
[Billions of chained (2000) dollars]
Line
Net domestic product..........................................................................................................
Business 1......................................................................................................................................
Nonfarm 2..............
Farm.......................
Households and institutions
Households.........................................................................................................................
Nonprofit institutions serving households 3.......................................................................
General governm ent4
Federal...................
State and local.......
Residual...................................................................................................................................
1
2
3
4
5
6
7
8
9
10
11
2004
2005
2007
2006
9,292.5
7,379.6
9,501.5
7,612.6
9,849.6
7,889.3
10,025.9
8,031.7
7,324.2
54.8
7,549.6
61.4
7,833.0
54.6
7,967.0
62.0
971.8
948.9
1,022.6
1,048.2
518.5
454.0
492.7
455.6
570.5
456.4
587.9
465.0
946.8
950.7
952.1
961.8
249.7
696.8
-5.5
250.0
700.4
-8.2
247.2
705.0
-17.1
247.2
714.9
-18.1
1. Equals net domestic product excluding net value added of households and institutions and of general government.
2. Equals net domestic business value added excluding net farm value added.
3. Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households,
4. Equals compensation of general government employees.
N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 2008
D om estic Product and Income
56
Table 1.10. Gross Domestic Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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.................................
Taxes on production and
imports....................................
Less: Subsidies.........................
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...........................
Consumption of fixed capital....
Private......................................
Government.............................
Addendum:
Statistical discrepancy.............
2006
2005
I
II
III
IV
I
2007
II
IV
III
I
II
2008
III
IV
I
2
3
4
5
6
6,662.5
7
-15.0
5.0
1.3
8 1,276.9
1,354.1
1,405.3
7,037.2
7,440.4
7,819.4
6,820.0
6,890.7
6,963.8
7,096.8
7,197.5
7,324.6
7,370.7
7,448.5
7,618.0
7,715.6
7,767.2
7,846.4
7,948.3
8,036.8
8,101.6
5,385.7 5,683.1 6,035.1 6,362.8 5,514.5 5,559.4 5,617.8 5,732.1 5,823.0 5,933.0 5,972.7 6,040.7 6,194.1 6,275.6 6,317.7 6,384.8 6,472.8 6,545.4 6,599.5
5,400.7 5,678.1 6,033.9 6,369.0 5,524.5 5,559.4 5,617.8 5,732.1 5,803.0 5,953.0 5,972.7 6,040.7 6,169.1 6,300.6 6,317.7 6,384.8 6,472.8 6,545.4 6,599.5
5,391.7 5,668.8 6,024.4 6,359.0 5,515.2 5,550.2 5,608.6 5,722.7 5,793.6 5,943.5 5,963.3 6,031.3 6,159.3 6,291.0 6,307.7 6,374.8 6,462.5 6,535.2
9.4
9.4
9.4
10.2
9.5
9.4
9.7
9.6
10.0
10.1
10.3
9.4
9.1
9.2
9.0
9.3
9.5
10.0
-10.0
0.0
0.0
0.0
20.0
0.0
25.0
-25.0
0.0
0.0
0.0
0.0
1,456.6 1,305.5
1,331.4
1,346.0
1,364.7
1,374.5
1,391.6 1,398.0 1,407.8
1,423.9
1,440.0
1,449.4 1,461.6
1,475.5
1,491.4
1,502.1
928.2
976.2 1,015.5
885.5
904.5
924.0
863.8
9
49.7
44.6
59.3
52.3
47.6
54.5
58.6
10
11 2,748.9 2,974.9 3,350.6 3,386.0 2,860.7 2,983.0 3,037.6
12 2,753.1 2,988.3 3,359.2 3,393.9 2,867.2 2,990.1 3,046.8
937.4
60.7
2,703.2
946.8
63.3
3,176.0
962.7
54.2
3,298.5
988.3
46.8
3,343.4
1,002.7
47.5
3,344.2
1,012.3
55.9
3,450.3
1,019.2
53.5
3,414.4
1,027.7
52.3
3,335.2
1,025.8
50.6
3,317.4
1,034.1
50.8
-6.3
2,729.0 3,187.4
-20.0
0.0
973.6
49.8
3,358.8
3,306.4 3,367.1
980.1
48.2
3,401.6
3,410.8 3,352.6 3,355.1
0.0
3,458.8 3,419.9 3,341.9 3,324.5
13
602.3
709.1
813.8
899.6
611.7
662.2
689.6
727.3
757.5
780.0
807.7
817.6
850.0
864.8
897.0
900.1
936.7
915.4
14
83.0
70.0
85.4
100.2
93.6
97.4
97.9
8.5
76.1
85.1
83.5
86.0
86.8
98.3
97.4
102.2
103.1
103.2
15
911.6
959.8
1,014.7
1,056.2
944.4
936.3
948.1
960.4
994.5
1,004.7 1,018.3
1,013.4
16
118.4
40.9
44.3
40.0
101.7
90.1
72.2
-56.9
58.0
52.8
45.6
40.4
38.2
35.1
17 1,037.8
1,204.0 1,239.1
1,022.4 1,037.2
1,050.2 1,063.8 1,073.8
41.8
38.6
39.1
1,369.7 1,311.9
44.6
103.0
1,071.7 1,077.3
54.3
1,208.5
1,401.0
1,089.7
1,301.3
1,383.7
1,412.0
1,453.3
1,355.1
1,319.7
1,189.7
1,195.1
18
307.4
413.7
468.9
450.4
337.3
407.2
412.0
386.4
449.2
453.8
474.8
487.2
459.8
448.5
468.5
451.1
433.5
402.9
19
20
730.5
491.7
794.8
316.5
932.1
628.8
847.4
671.1
778.5
630.7
796.8
453.4
827.1
396.4
703.3
254.5
852.1
161.6
929.9
548.2
937.1
583.1
966.0
642.9
895.4
740.9
871.2
653.8
901.1
661.7
860.8
662.2
756.3
706.6
792.1
654.9
21
238.8
478.3
303.3
176.3
147.8
343.4
430.7
448.8
690.4
381.6
354.0
323.1
154.5
217.5
239.4
198.6
49.7
137.2
-13.4
-7.9
-7.1
22
-8.6
-6.5
-9.3
-4.2
23 1,436.1 1,612.0 1,623.9 1,720.5 1,442.0 1,467.2 1,494.1
24 1,206.0 1,359.7 1,356.0 1,431.1 1,203.8 1,225.3 1,248.0
289.4
238.2
241.9
230.2
252.3
268.0
246.1
25
-25.8
-11.4
-7.8
-8.3
-9.1
-9.2
-10.8
-8.5
-5.5
-6.7
-7.1
-7.6
1,907.0
1,579.8
1,582.7
1,612.5
1,638.3
1,662.2
1,684.3
1,707.0
1,731.9
1,758.6
1,778.0
1,804.2
1,641.1
265.9
1,324.4
255.4
1,323.1 1,346.8
259.5
265.8
1,367.8
270.5
1,386.2 1,402.1
275.9
282.2
1,420.0 1,440.1
291.8
287.0
1,462.3 1,477.5
296.3
300.5
1,498.8
305.4
-45.3
-140.5
-154.6
-131.7
-170.8
-194.9
-143.4
26
19.1
-71.2
-163.0
1,297.8 1,115.8
-81.4
-12.2
-35.6
-63.3
-188.4
-7.8
13.9
43.6
Table 1.11. Percentage Shares of Gross Domestic Income
[Percent]
Line
Gross domestic incom e....................................................................................................................................................................
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.............................................................................................................................................
Taxes on production and imports.............................................................................................................................................................
Less: Subsidies.............................................................................................................................................................................................
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.................................................................................
Consumption of fixed capital....................................................................................................................................................................
II
1 11,666.8 12,493.0 13,341.4 13,889.0 11,960.6 12,190.9 12,360.9 12,583.5 12,836.9 13,114.3 13,265.8 13,420.4 13,565.0 13,699.3 13,881.0 13,958.4 14,017.4 14,107.3
2004
2005
2007
2006
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1/
18
19
20
21
22
23
100.0
57.1
100.0
56.3
100.0
55.8
100.0
56.3
46.2
46.3
46.2
0.1
-0.1
10.9
45.5
45.4
45.4
0.1
0.0
10.8
45.2
45.2
45.2
0.1
0.0
10.5
45.8
45.9
45.8
0.1
0.0
10.5
7.4
0.4
23.6
7.4
0.5
23.8
7.3
0.4
25.1
7.3
0.4
24.4
23.6
5.2
0.7
7.8
1.0
8.9
2.6
6.3
4.2
2.0
0.0
23.9
5.7
0.6
7.7
0.3
9.7
3.3
6.4
2.5
3.8
-0.1
25.2
6.1
0.6
7.6
0.3
10.5
3.5
7.0
4.7
2.3
-0.1
24.4
6.5
0.7
7.6
0.3
9.3
3.2
6.1
4.8
1.3
-0.1
12.3
12.9
12.2
12.4
V4
10.3
2.0
10.9
2.0
10.2
2.0
10.3
2.1
25
August 2008
57
S u r v e y o f C u r r e n t B u s in e s s
Table 1.12. National Income by Type of Income
[B illio n s of d olla rs]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
1
2
3
4
5
National income...................
Compensation of employees....
Wage and salary accruals.......
Government.........................
Other....................................
Supplements to wages and
salaries.................................
Employer contributions for
employee pension and
insurance funds...............
Employer contributions for
government social
insurance.........................
Proprietors’ income with IVA
and CC Adj.................................
Farm.........................................
Nonfarm....................................
Rental income of persons with
CCAdj..........................................
Corporate profits with IVA and
CCAdj..........................................
Taxes on corporate income......
Profits after tax with IVA and
CCAdj...................................
Net dividends........................
Undistributed profits with IVA
and CCAdj.......................
Net interest and miscellaneous
payments...................................
Taxes on production and
im ports......................................
Less: Subsidies...........................
Business current transfer
payments (net).........................
To persons (net).......................
To government (net).................
To the rest of the world (net)....
Current surplus of government
enterprises................................
Cash flow:
Net cash flow with IVA and
CCAdj...................................
Undistributed profits with IVA
and CCAdj.......................
Consumption of fixed capital
Less: Inventory valuation
adjustment...........................
Equals: Net cash flow..............
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
10,306.8 10,974.0 11,795.7 12,270.9 10,571.3 10,826.3 10,958.9 10,779.5 11,331.3 11,611.1 11,738.5 11,848.6 11,984.7 12,087.4 12,233.6 12,338.6 12,424.1 12,467.5
6,656.4 7,030.8 7,433.8 7,812.3 6,813.6 6,884.4 6,957.4 7,090.2 7,191.0 7,318.0 7,364.2 7,441.9 7,611.1 7,709.0 7,760.1 7,839.3 7,941.0 8,029.6 8,094.4
5,379.5 5,676.7 6,028.5 6,355.7 5,508.1 5,553.1 5,611.5 5,725.6 5,816.5 5,926.4 5,966.2 6,034.2 6,187.2 6,269.0 6,310.7 6,377.7 6,465.5
943.1
980.7 1,023.0 1,075.2
952.2
970.6
974.0
984.8
993.6 1,007.7 1,013.2 1,029.4 1,041.9 1,059.9 1,068.1 1,080.8 1,092.1
4,436.4 4,695.9 5,005.5 5,280.5 4,555.9 4,582.5 4,637.5 4,740.8 4,822.9 4,918.7 4,953.0 5,004.8 5,145.3 5,209.0 5,242.5 5,297.0 5,373.4
6 1,276.9
6,538.2 6,592.2
1,109.7 1,122.9
5,428.5 5,469.3
1,354.1
1,405.3
1,456.6
1,305.5
1,331.4
1,346.0
1,364.7
1,374.5
1,391.6
1,398.0
1,407.8
1,423.9
1,440.0
1,449.4
1,461.6
1,475.5
1,491.4 1,502.1
1,015.3 1,023.5
/
868.5
926.0
956.8
991.9
889.1
909.8
921.4
933.4
939.5
946.6
952.9
959.5
968.1
977.6
987.7
996.5
1,005.9
8
408.3
428.1
448.5
464.7
416.4
421.6
424.5
431.3
434.9
445.0
445.1
448.2
455.8
462.3
461.7
465.1
469.6
9
10
11
911.6
959.8
1,014.7
1,056.2
944.4
936.3
948.1
960.4
1,018.3
1,013.4
1,022.4
1,037.2
34.1
925.7
994.5
1,004.7
37.3
874.3
1,050.2
1,063.8
1,073.8
1,071.7 1,077.3
16.2
998.6
44.0
1,012.2
36.5
908.0
33.2
903.0
38.3
909.8
37.1
923.3
27.7
966.7
17.3
9.8
987.5 1,008.4
13.8
999.6
23.7
998.7
39.3
997.9
42.3
1,007.9
47.4
1,016.4
47.1
1,026.7
41.0
41.6
1,030.1 1,036.2
12
118.4
476.1
478.6
40.9
44.3
40.0
101.7
90.1
72.2
-56.9
58.0
52.8
45.6
40.4
38.2
35.1
44.6
41.8
38.6
39.1
1M 1,231.2 1,447.9
14
307.4
413.7
1,668.5
1,642.4
1,294.8
1,438.2
1,472.4
1,342.6
1,634.2
1,681.6
1,713.8
1,644.5
1,617.8
1,672.5
1,668.3
1,611.1
1,593.5
468.9
450.4
1,538.6
337.3
407.2
412.0
386.4
449 2
453.8
474.8
487 2
459.8
448 5
468 5
451 1
433 5
402 9
1«>
16
923.9
539.5
1,034.2
577.4
1,199.6
702.1
1,192.0
788.7
957.4
654.8
1,031 0
553.0
1,060.4
561.6
956 2
581.4
1 089 4
613.4
1 180 3
652.8
1 206 8
688.8
1,226.6
720.9
1,184.8
745.8
1,169.3 1,204.0
761.5
779.2
1 217 3
797.6
1,177.6
816.4
1,190.6
832.5
17
384.4
456.9
497.5
403.4
302.6
478.0
498.8
374.8
476 0
527.5
518 0
505 6
439 0
407 8
424 8
419 7
361 2
358 1
18
491.2
569.1
631.2
664.4
491.8
537.0
554.8
583.9
600.8
615.5
629.7
630.1
649.3
645.8
660.8
663.0
688.1
662.3
19
20
863.8
44.6
928.2
59.3
976.2
49.7
1,015.5
52.3
885.5
47.6
904.5
54.5
924.0
58.6
937.4
60.7
946.8
63.3
962.7
54.2
973.6
49.8
980.1
48.2
988.3
46.8
1,002.7
47.5
1,012.3
55.9
1,019.2
53.5
1,027.7
52.3
21
22
23
24
83.0
70.0
85.4
100.2
93.6
97.4
97.9
8.5
76.1
85.1
83.5
86.0
86.8
98.3
97.4
102.2
103.1
103.2
103.0
26.4
48.1
8.5
38.8
31.8
-0.6
24.9
57.9
2.5
31.9
61.4
6.9
21.4
53.6
18.6
26.4
52.2
18.9
28.1
51.9
17.9
69.0
-11.3
-49.1
31.8
34.3
10.0
24.6
55.6
4.9
23.8
57.5
2.3
24.7
58.8
2.5
26.7
59.8
0.3
30.4
60.8
7.1
31.7
61.1
4.6
32.5
61.5
8.1
33.1
62.1
8.0
32.2
63.0
8.0
32.4
63.6
7.0
2b
-4.2
-13.4
-8.6
-7.9
-6.5
-7.1
-9.3
-25.8
-11.4
-7.8
-8.3
-9.1
-9.2
-10.8
-8.5
-5.5
-6.7
-7.1
-7.6
?fi
1,181.5
1,315.8 1,390.3
1,348.7
1,103.1
1,291.5
1,325.9
1,305.0
1,340 7
1,399.1
1 404 2
1,405.7
1,352.2
1,333.3
1 363 2
1,371.4
1,326.9
1 337 0
77
28
384.4
797.1
456.9
858.9
497.5
892.8
403.4
945.3
302.6
800.4
478.0
813.5
498.8
827.1
374.8
930.2
476 0
864.7
527.5
871.6
518 0
886.2
505 6
900.1
439 0
913.2
407 8
925.5
424 8
938.4
419 7
951.8
361 2
965.7
358 1
978.8
29
30
-43.1
1,224.6
-37.8
1,353.6
-39.5
1,429.8
-51.2
1,399.9
-47.2
1,150.2
-45.4
1,336.8
-18.0
1,343.9
-39.1
1,344.1
-48 7
1,389.4
-35.0
1,434.2
-58 5
1,462.7
-42 7
1,448.4
-21 8
-44 2
1,374.0 1,377.6
-55 3
1,418.5
-31 0
1,402.5
-74 1
1,401.0
-109 4
1,446.3
31
32
911.6
37.3
959.8
34.1
1,014.7
16.2
1,056.2
44.0
944.4
36.5
936.3
33.2
948.1
38.3
960.4
37.1
994.5
27.7
1,004.7
17.3
1,018.3
9.8
1,013.4
13.8
1,022.4
23.7
1,050.2
42.3
1,063.8
47.4
1,073.8
47.1
1,071.7 1,077.3
41.0
41.6
33
43.2
40.7
23.3
51.5
42.6
39.6
44.8
43.8
34.6
24.3
17.0
21.1
31.0
46.7
49.7
54.9
54.8
34
35
-5.8
874.3
-6.6
925.7
-7.2
998.6
-7.5
1,012.2
-6.1
908.0
-6.3
903.0
-6.5
909.8
-6.7
923.3
-6.9
966.7
-7.0
987.5
-7.2
1.008.4
-7.3
999.6
-7.3
998.7
-7.4
997.9
-7.4
1,007.9
-7.5
1,016.4
-7.7
1,026.7
36
750.0
839.7
892.5
893.5
777.8
810.4
813.0
862.0
873.4
885.6
906.5
892.2
885.7
882.6
891.0
893.3
907.0
871.0
879.0
3/
-5.5
-4.9
-3.8
-6.8
-5.8
-5.5
-2.0
-5.8
-6.2
-3.8
-6.4
-3.8
-1.2
-5.8
-7.3
-3.9
-10.0
-13.5
-19.4
38
129.9
90.9
109.9
125.5
136.0
98.2
98.8
67.1
99.5
105.7
108.4
111.3
114.3
121.1
124.1
127.0
129.7
172.6
176.6
39
118.4
40.9
44.3
40.0
101.7
90.1
72.2
-56.9
58.0
52.8
45.6
40.4
38.2
35.1
44.6
41.8
38.6
39.1
54.3
40
134.1
64.8
60.7
56.8
115.8
104.6
87.0
-8.3
75.9
68.9
62.1
57.0
54.9
51.7
61.2
58.6
55.7
55.9
70.9
41
-15.7
-23.9
-16.4
-16.8
-14.1
-14.5
-14.8
-48.6
-17.8
-16.1
-16.4
-16.6
-16.7
-16.6
-16.6
-16.8
-17.0
-16.8
-16.6
1,447.9 1,668.5
1,582.8 1,834.2
1,642.4
1,835.1
1,294.8
1,244.3
1,438 2
1,555.3
1 472.4 1,342.6
1.594.0 1,497.1
1.538.6
1.684.6
1 634 2 1 681 6 1 713 8
1,778.7 1,841.6 1,887.2
1,644.5 1 6178
1,829.3 1,794.7
1 672 5
1,859.5
1,668.3
1,866.1
1,611.1
1,820.2
1 593 5
1,641.5
54.3
846.5
665.2
1,025.8 1,034.1
50.8
50.6
997.0
Addenda:
Proprietors’ income with IVA
and CCAdj............................
Farm.....................................
Proprietors’ income with
IVA................................
Capital consumption
adjustment...................
Nonfarm................................
Proprietors’ income
(without IVA and CCAdj)
Inventory valuation
adjustment...................
Capital consumption
adjustment...................
Rental income of persons with
CCAdj...................................
Rental income of persons
(without CCAdj)...............
Capital consumption
adjustment.......................
Corporate profits with IVA and
CCAdj...................................
Corporate profits with IVA....
Profits before tax (without
IVA and CCAdj)...........
Taxes on corporate
1,231.2
43 1,161.6
47
1,037.2
39.3
49.4
44
1,204.7
1,620.6
1,873.7
1,886.3
1,291.5
1,600.7
1.612.0
1,536.3
1,733.3
1,813.8
1,900.1
1,929.9
1,851.1
1,838.9
1,914.8
1,897.1
1,894.3
1,750.9
45
Profits after tax (without
IVA and CCAdj).......
Net dividends...........
Undistributed profits
(without IVA and
CCAdj).................
Inventory valuation
adjustment...................
Capital consumption
adjustment.......................
48.9
-7.9
-7.8
1,030.1 1,036.2
307.4
413.7
468.9
450.4
337.3
407 2
412.0
386.4
449 2
453.8
474.8
487 2
459 8
448.5
468 5
451 1
433 5
402 9
46
47
897.3
539.5
1,206.9
577.4
1,404.8
702.1
1,435.9
788.7
954.2
654.8
1,193.5
553.0
1,200.1
561.6
1,149.9
581.4
1,284.1
613.4
1,359.9
652.8
1,425.2
688.8
1,442.6
720.9
1,391.4
745.8
1,390.4
761.5
1,446.3
779.2
1,446.1
797.6
1,460.9
816.4
1,348.0
832.5
48
357.8
629.5
702.7
647.3
299.3
640 6
638.5
568 4
670 6
707 1
736 4
721 7
645 6
629 0
667 1
648 5
644 5
515 5
49
-43.1
-37.8
-39.5
-51.2
-47.2
-45.4
-18.0
-39.1
-48.7
-35.0
-58.5
-42.7
-21.8
-44.2
-55.3
-31 0
-74.1
-109.4
50
69.7
-134.8
-165.7
-192.7
50.5
-117.2
-121.7
-154.5
-146.0
-144.5
-160.0
-173.4
-184.8
-176.9
-187.0
-197.8
-209.2
-48.0
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
846.5
-63.2
58
Dom estic Product and Income
August 2008
Table 1.13. National Income by Sector, Legal Form of Organization, and Type of Income
[Billions of dollars]
Line
National income...........................................................................................................................
Domestic business...................................................................................................................................
Corporate business........
Compensation of employees....................................................................................................
Wage and salary accruals....................................................................................................
Supplements to wages and salaries.....................................................................................
Corporate profits with IVA and CCAdj.......................................................................................
Net interest and miscellaneous payments................................................................................
Taxes on production and imports less subsidies plus business current transfer payments....
Noncorporate business......................................................................................................................
Compensation of employees....................................................................................................
Wage and salary accruals....................................................................................................
Supplements to wages and salaries
Proprietors’ income with IVA and CCAdj..................................................................................
Rental income of persons with CCAdj......................................................................................
Net interest..........................................
Taxes on production and imports less subsidies plus business current transfer payments....
Current surplus of government enterprises..............................................................................
Sole proprietorships and partnerships......................................................................................
Compensation of employees................................................................................................
Wage and salary accruals...........
Supplements to wages and salaries.................................................................................
Proprietors’ income with IVA and CCAdj.............................................................................
Farm..................................................................................................................................
Nonfarm.............................................................................................................................
Net interest...........................................................................................................................
Taxes on production and imports less subsidies plus business current transfer payments
Other private business...................................................................................................................
Compensation of employees................................................................................................
Wage and salary accruals................................................................................................
Supplements to wages and salaries.................................................................................
Proprietors’ income with IVA and CCAdj..............................................................................
Rental income of persons with CCAdj..................................................................................
Net interest............................................................................................................................
Taxes on production and imports less subsidies plus business current transfer payments
Government enterprises................................................................................................................
Compensation of employees................................................................................................
Wage and salary accruals................................................................................................
Supplements to wages and salaries.................................................................................
Current surplus of government enterprises..........................................................................
Households and institutions.................................................................................................................
Households....................................................................................................................................
Compensation of employees....................................................................................................
Wage and salary accruals....................................................................................................
Supplements to wages and salaries.....................................................................................
Rental income of persons with CCAdj......................................................................................
Net interest................................................................................................................................
Taxes on production and imports less subsidies plus business current transfer payments....
Nonprofit institutions serving households.....................................................................................
Compensation of employees....................................................................................................
Wage and salary accruals....................................................................................................
Supplements to wages and salaries.....................................................................................
Rental income of persons.........................................................................................................
Net interest................................................................................................................................
Taxes on production and imports..............................................................................................
General government................................................................................................................................
Compensation of employees........................................................................................................
Wage and salary accruals........................................................................................................
Supplements to wages and salaries.........................................................................................
Rest of the world.......................................................................................................................................
Compensation of employees........................................................................................................
Corporate profits...........................................................................................................................
Net interest....................................................................................................................................
1
2
3
4
b
6
7
a
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
3U
31
32
33
34
35
36
3/
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
b3
54
55
56
57
58
59
60
61
62
63
2004
2005
2006
2007
10,306.8
7,960.4
6,097.9
10,974.0
8,555.8
6,572.2
11,795.7
9,217.0
7,069.7
12,270.9
9,528.8
7,249.9
4,352.7
3,560.1
792.6
1,037.8
70.4
637.0
4,601.3
3,769.7
831.6
1,208.5
83.0
679.4
4,876.2
4,013.0
863.3
1,401.0
95.2
697.3
5,110.1
4,223.6
886.5
1,297.8
100.5
741.6
1,862.5
1,983.6
2,147.3
2,278.9
618.3
514.3
103.9
911.6
49.2
158.8
128.9
-4.2
659.6
548.4
111.2
959.8
44.2
204.8
128.6
-13.4
706.2
589.2
117.0
1,014.7
48.6
234.9
151.5
-8.6
750.4
627.6
122.7
1,056.2
59.2
268.1
152.9
-7.9
1,577.9
1,701.7
1,836.5
1,945.8
463.6
397.2
66.4
909.3
37.3
872.0
101.0
104.0
500.4
428.5
71.9
957.4
34.1
923.3
141.2
102.7
540.9
464.4
76.4
1,011.8
16.2
995.6
163.4
120.4
578.6
497.6
80.9
1,052.7
44.0
1,008.7
189.2
125.3
164.5
167.9
188.0
205.5
30.3
26.3
4.1
2.3
49.2
57.8
24.9
31.9
27.6
4.3
2.4
44.2
63.6
25.8
33.9
29.8
4.1
2.9
48.6
71.5
31.1
36.3
31.9
4.4
3.5
59.2
78.9
27.6
120.1
113.9
122.8
127.6
124.3
90.9
33.4
-4.2
127.3
92.3
35.0
-13.4
131.4
95.0
36.4
-8.6
135.5
98.1
37.4
-7.9
1,114.2
1,107.8
1,226.8
1,297.9
571.3
14.9
14.5
0.3
67.0
359.5
129.9
543.0
520.7
444.5
76.2
2.2
13.7
6.4
542.6
15.0
14.7
0.3
-5.3
408.7
124.2
565.2
543.8
461.9
82.0
2.0
12.6
6.7
637.6
16.1
15.7
0.4
-6.5
472.2
155.8
589.2
568.3
489.2
79.1
2.1
11.5
7.2
676.6
17.7
17.3
0.4
-21.6
519.6
161.0
621.2
599.4
517.2
82.2
2.4
11.6
7.8
1,156.0
1,217.4
1,273.7
1,341,8
1,156.0
852.2
303.8
1,217.4
888.4
329.0
1,273.7
928.0
345.6
1,341,8
977.1
364.7
76.2
93.0
78.3
102.4
-6.1
193.4
-111.1
-6.4
239.4
-140.0
-6.6
267.5
-182.6
-7.0
344.7
-235.2
64
65
66
67
1,037.8
1,011.3
-43.1
69.7
1,208.5
1,381.1
-37.8
-134.8
1,401.0
1,606.2
-39.5
-165.7
1,297.8
1,541.6
-51.2
-192.7
68
69
70
71
72
73
74
75
909.3
37.3
43.2
-5.8
872.0
747.1
-5.5
130.5
957.4
34.1
40.7
-6.6
923.3
836.6
-4.9
91.6
1,011.8
16.2
23.3
-7.2
995.6
888.8
-3.8
110.6
1,052.7
44.0
51.5
-7.5
1,008.7
889.2
-6.8
126.3
76
77
78
2.3
2.9
-0.6
49.2
64.9
-15.7
2.4
3.1
-0.7
44.2
68.1
-23.9
2.9
3.6
-0.7
48.6
65.0
-16.4
3.5
4.3
-0.8
59.2
76.0
-16.8
Addenda:
Corporate business:
Corporate profits with IVA and CCAdj.......................................................................................
Profits before tax (without IVA and CCAdj)..
Inventory valuation adjustment...................
Corporate capital consumption adjustment.
Sole proprietors and partnerships:
Proprietors' income with IVA and CCAdj..................................................................................
Farm proprietors’ income with IVA and CCAdj....................................................................
Proprietors’ income with IVA.............................................................................................
Capital consumption adjustment............
Nonfarm proprietors’ income with IVA and CCAdj...............................................................
Proprietor’s income (without IVA and CCAdj)..................................................................
Inventory valuation adjustment.....................................................................................
Capital consumption adjustment........
Other private business:
Proprietors’ income with IVA and CCAdj..................................................................................
Proprietors' income with IVA.................................................................................................
Capital consumption adjustment.....
Rental income of persons with CCAdj
Rental income of persons (without CCAdj)...........................................................................
Capital consumption adjustment..........................................................................................
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
/y
80
81
August 2008
Survey of C urrent Business
59
Table 1.14. Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in
Current and Chained Dollars
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross value added of
corporate business 1..........
Consumption of fixed capital.............
Net value added.................................
Compensation of employees.........
Wage and salary accruals.........
Supplements to wages and
salaries...................................
Taxes on production and imports
less subsidies.............................
Net operating surplus....................
Net interest and miscellaneous
payments................................
Business current transfer
payments................................
Corporate profits with IVA and
CCAdj.....................................
Taxes on corporate income....
Profits after tax with IVA and
CCAdj.................................
Net dividends......................
Undistributed profits with
IVA and CCAdj..............
Gross value added of financial
corporate business 1..........
Gross value added of
nonfinancial corporate
business 1.............................
Consumption of fixed capital.............
Net value added.................................
Compensation of employees.........
Wage and salary accruals.........
Supplements to wages and
salaries...................................
Taxes on production and imports
less subsidies............................
Net operating surplus....................
Net interest and miscellaneous
payments................................
Business current transfer
payments................................
Corporate profits with IVA and
CCAdj.....................................
Taxes on corporate income
Profits after tax with IVA and
CCAdj.................................
Net dividends.....................
Undistributed profits with
IVA and CCAdj..............
Addenda:
Corporate business:
Profits before tax (without IVA
and CCAdj).............................
Profits after tax (without IVA and
CCAdj)....................................
Inventory valuation adjustment
Capital consumption adjustment
Nonfinancial corporate
business:
Profits before tax (without IVA
and CCAdj).............................
Profits after tax (without IVA and
CCAdj)....................................
Inventory valuation adjustment
Capital consumption adjustment
1
2
3
4
5
6
6,895.0 7,431.1
2005
I
II
2006
III
IV
I
II
7,962.5 8,195.3 7,096.5 7,245.8 7,362.5 7,470.9 7,645.2 7,830.4 7,915.6
2007
III
IV
I
II
2008
III
IV
8,028.0 8,076.0 8,118.2 8,219.9 8,235.9 8,207.1
1
II
8,251.7
797.1
858.9
800.4
827.1
864.7
938.4
892.8
945.3
813.5
930.2
871.6
886.2
913.2
925.5
951.8
965.7
997.0
900.1
978.8
6,097.9 6,572.2 7,069.7 7,249.9 6,296.0 6,432.3 6,535.4 6,540.7 6,780.5 6,958.8 7,029.3 7,127.9 7,162.8 7,192.6 7,281.6 7,284.2 7,241.4 7,272.9
4,352.7 4,601.3 4,876.2 5,110.1 4,465.1 4,496.5 4,549.9 4,643.4 4,715.4 4,800.2 4,829.8 4,876.3 4,998.4 5,045.1 5,075.5 5,125.4 5,194.4 5,240.7 5,275.3
3,560.1 3,769.7 4,013.0 4,223.6 3,656.0 3,678.7 3,722.8 3,805.8 3,871.6 3,943.4 3,970.8 4,012.4 4,125.2 4,166.2 4,193.3 4,236.8 4,298.0 4,335.3 4,365.0
792.6
831.6
863.3
886.5
809.1
817.9
827.1
905.4
910.3
7
568.3
611.0
640.8
663.9
582.5
608.2
643.5
655.4
666.4
672.1
595.5
616.9
623.3
631.7
639.1
649.0
661.7
670.4
8 1,176.9 1,359.9 1,552.7 1,476.0 1,248.5 1,340.3 1,377.3 1,280.4 1,441.8 1,526.9 1,560.4 1,608.1 1,515.4 1,492.2 1,544.4 1,492.4 1,374.9 1,361.8
837.6
843.9
856.8
675.4
859.0
863.9
873.3
878.9
882.3
888.6
896.4
9
70.4
83.0
95.2
100.5
72.6
77.9
81.4
84.8
88.0
91.5
94.9
95.9
98.3
98.1
100.0
100.1
103.6
100.6
10
68.7
68.4
56.5
77.8
60.0
58.4
56.8
106.0
52.6
51.7
53.5
58.9
61.9
74.4
74.7
80.4
81.6
66.1
65.6
11 1,037.8 1,208.5 1,401.0 1,297.8 1,115.8 1,204.0 1,239.1 1,089.7 1,301.3 1,383.7 1,412.0 1,453.3 1,355.1 1,319.7 1,369.7 1,311.9 1,189.7 1,195.1
413.7
12 307.4
468.9
450.4
337.3
407.2
386.4
412.0
449.2
453.8
474.8
487.2
459.8
433.5
448.5
468.5
451.1
402.9
13
14
730.5
491.7
794.8
316.5
932.1
628.8
847.4
671.1
778.5
630.7
796.8
453.4
827.1
396.4
703.3
254.5
852.1
161.6
929.9
548.2
937.1
583.1
966.0
642.9
895.4
740.9
871.2
653.8
901.1
661.7
860.8
662.2
756.3
706.6
792.1
654.9
15
238.8
478.3
303.3
176.3
147.8
343.4
430.7
448.8
690.4
381.6
354.0
323.1
154.5
217.5
239.4
198.6
49.7
137.2
16
938.6 1,034.9
1,099.1
1,120.2
995.0
1,035.5
1,004.4
1,052.0
1,047.9 1,059.2
1,098.0
1,096.3
1,142.7
1,118.5
1,153.2
1,137.3
1,071.6
1,110.0
6,418.9 6,597.3 6,771.2 6,817.5 6,931.7 6,933.3 6,999.6 7,066.7 7,098.6 7,135.5
7,141.7
17
18
19
20
21
5,956.4 6,396.1
6,863.4 7,075.1
6,101.4 6,210.3 6,358.1
687.4 743.9
775.2
690.3
822.3
702.0
714.4
810.4
749.0
755.7
793.7
840.7
868.7
769.3
781.9
804.6
816.0
852.6
828.1
5,269.0 5,652.2 6,088.3 6,252.8 5,411.1 5,508.4 5,643.7 5,608.5 5,848.3 6,015.5 6,048.3 6,149.7 6,139.6 6,195.0 6,250.7 6,270.6 6,294.8 6,289.1
3,865.2 4,075.6 4,316.8 4,525.3 3,965.1 3,991.9 4,038.9 4,115.4 4,156.1 4,264.7 4,282.3 4,318.3 4,401.9 4,464.1 4,497.4 4,537.2 4,602.7 4,645.4 4,673.4
3,159.7 3,337.9 3,548.2 3,734.2 3,244.9 3,266.5 3,305.2 3,372.5 3,407.6 3,501.9 3,517.5 3,549.2 3,624.4 3,679.8 3,710.0 3,744.2 3,802.8 3,837.5 3,861.0
22
705.5
791.1
720.2
725.4
807.9
812.4
23
24
563.2
523.9
611.9
591.1
879.9 1,013.5 1,180.3 1,115.5
537.0
909.1
548.9
560.6
967.5 1,044.3
582.7
568.6
574.5
593.6
598.7
604.1
614.2
619.5
617.9
589.5
609.9
924.4 1,117.7 1,168.1 1,176.4 1,237.8 1,139.0 1,126.9 1,143.5 1,119.1 1,072.6 1,025.8
622.5
25
138.9
153.6
169.6
179.4
135.0
145.2
150.7
156.9
161.6
165.1
169.4
169.8
174.1
174.6
178.9
178.8
185.4
26
59.3
58.5
71.8
68.1
68.1
72.1
73.9
20.5
67.4
73.0
72.0
71.3
70.7
68.8
68.0
67.7
67.7
57.9
27
28
681.6
191.0
801.4
274.5
939.0
309.3
868.1
321.1
706.0
199.6
750.2
256.9
819.7
268.0
747.0
267.6
888.7
305.6
930.0
302.6
935.0
312.3
996.7
323.3
894.2
299.1
883.6
319.8
896.6
330.9
872.6
318.9
819.5
314.7
787.4
279.8
29
30
490.7
367.0
526.9
184.2
629.7
474.4
547.0
503.4
506.4
496.1
493.3
326.7
551.7
267.7
479.4
121.3
583.1
21.0
627.4
404.7
622.7
431.7
673.4
484.3
595.1
576.9
563.8
491.9
565.7
496.1
553.7
492.7
504.7
533.0
507.6
494.0
31
123.7
342.7
155.3
43.5
10.3
166.7
284.0
358.1
562.1
222.7
191.0
189.1
18.2
71.9
69.5
61.0
-28.3
13.6
737.6
32 1,011.3 1,381.1
768.6
733.6
743.0
762.8
764.8
769.2
777.5
784.3
787.3
793.0
799.9
180.5
58.2
1,606.2 1,541.6 1,112.5 1,366.6 1,378.8 1,283.3 1,495.9 1,563.3 1,630.4 1,669.3 1,561.7 1,540.9 1,612.0 1,540.7 1,473.0 1,352.4
33
34
35
703.9
-43.1
69.7
967.4 1,137.3 1,091.2
-37.8
-39.5
-51.2
-134.8 -165.7 -192.7
775.2
-47.2
50.5
959.3
-45.4
-117.2
966.8
-18.0
-121.7
36
662.4
955.9 1,127.4 1,091.7
706.8
896.5
941.5
921.1
37
38
39
471.4
-43.1
62.4
507.2
-47.2
46.4
639.6
-45.4
-100.9
673.5
-18.0
-103.8
653.4
-39.1
-134.9
681.3
-37.8
-116.7
748.5
818.1
-39.5
-149.0
770.7
-51.2
-172.5
896.9 1,046.7 1,109.4 1,155.6 1,182.1 1,102.0 1,092.4 1,143.4 1,089.6 1,039.6
-48.7
-39.1
-35.0
-58.5
-42.7
-21.8
-44.2
-31.0
-74.1
-55.3
-154.5 -146.0 -144.5 -160.0 -173.4 -184.8 -176.9 -187.0 -197.8 -209.2
1,064.5 1,093.3 1,137.3 1,196.1
758.9
-48.7
-127.1
790.7
-35.0
-128.3
825.0
-58.5
-143.9
872.8
-42.7
-156.7
1,083.0 1,086.8 1,119.2 1,080.4 1,080.6
783.8
-21.8
-166.9
767.0
-44.2
-159.0
788.3
-55.3
-167.4
761.5
-31.0
-176.8
765.8
-74.1
-187.0
949.5
-109.4
-48.0
-63.2
939.6
659.8
-109.4
-42.8
-56.4
Value added, in billions of chained (2000) dollars
Gross value added of
nonfinancial corporate
business 2..............................
Consumption of fixed capital:
Net value added 4.................
40 5,662.1 5,907.8 6,167.8 6,264.5 5,744.4 5,789.5 5,911.1 5,903.2 6,027.3 6,129.6 6,141.6 6,212.5 6,187.3 6,188.0 6,253.1 6,293.3 6,323.5 6,321.8
41
651.4
682.6
686.7
653.7
676.7
716.9
648.4
658.9
740.3
677.6
721.0
683.3
689.9
696.8
703.3
711.6
731.6
744.8
42 5,010.7 5,225.2 5,481.1 5,547.6 5,096.0 5,135.8 5,252.2 5,162.9 5,349.7 5,452.9 5,458.3 5,522.5 5,490.5 5,484.7 5,541.5 5,572.3 5,591.9 5,577.0
757.3
1. Estimates for financial corporate business and nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry
Classification System (NAICS).
2. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not available, the chain-type price index for GDP
goods and structures is used.
3. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100.
4. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
August 2008
Dom estic Product and Income
60
Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business
[D lla ]
o rs
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Price per unit of real gross value
added of nonfinancial corporate
Compensation of employees (unit
Taxes on production and imports
less subsidies plus business
2006
2005
I
II
III
IV
I
II
2008
2007
III
IV
I
II
III
IV
I
1
1.052
1.083
1.113
1.129
1.062
1.073
1.076
1.087
1.095
1.105
1.110
1.116
1.121
1.131
1.130
1.128
1.128
1.130
?
3
4
0.683
0.249
0.690
0.257
0.700
0.260
0.722
0.269
0.690
0.248
0.690
0.253
0.683
0.254
0.697
0.264
0.690
0.258
0.696
0.257
0.697
0.261
0.695
0.260
0.711
0.264
0.721
0.267
0.719
0.267
0.721
0.268
0.728
0.271
0.735
0.271
0 121
0.126
0.126
0.131
0.120
0.121
0.121
0.137
0.124
0.123
0.125
0.126
0.128
0.130
0.130
0.132
0.133
0.135
5
0 103
0 105
0 107
0.109
0.105
0.107
0.107
0.100
0.107
0.107
0.108
0.107
0.108
0.109
0.108
0.108
0.109
0.107
fi
0.025
0.026
0.027
0.029
0.023
0.025
0.026
0.027
0.027
0.027
0.028
0.027
0.028
0.028
0.029
0.028
0.029
0.029
7
8
Net interest and miscellaneous
II
0.120
0.136
0.152
0.139
0.123
0.130
0.139
0.127
0.147
0.152
0.152
0.160
0.145
0.143
0.143
0.139
0.130
0.125
0 034
0 046
0.050
0.051
0.035
0.044
0.045
0.045
0.051
0.049
0.051
0.052
0.048
0.052
0.053
0.051
0.050
0.044
q
0.087
0.089
0.102
0.087
0.088
0.085
0.093
0.081
0.097
0.102
0.101
0.108
0.096
0.091
0.090
0.088
0.080
0.080
Corporate profits with IVA and
CCAdj (unit profits from current
Profits after tax with IVA and
CCAdj.......................................
1. The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later esti
mates for these industries are based on the North American Industry Classification System (NAICS).
N o te . The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not available, the chain-type price index for
GDP goods and structures is used.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Table 1.16. Sources and Uses of Private Enterprise Income
[Billions of dollars]
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 1.................................................................................................................................................................................
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.......................................................................................
1. Includes rent paid by private enterprises to government.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
16
16
1/
18
19
20
21
22
23
24
2004
2005
2006
2007
4,564.1
5,273.6
6,238.7
6,608.5
2,753.1
1,810.9
1,494.6
121.1
195.3
2,988.3
2,285.3
1,901.2
363.3
20.7
3,359.2
2,879.5
2,440.6
175.4
263.5
3,393.9
3,214.6
2,705.4
213.2
296.0
4,564.1
5,273.6
6,238.7
6,608.5
2,219.8
2,096.8
73.3
49.7
83.0
26.4
48.1
8.5
911.6
118.4
1,231.2
307.4
293.3
14.1
923.9
539.5
384.4
2,755.0
2,610.4
102.5
42.1
70.0
38.8
31.8
-0.6
959.8
40.9
1,447.9
413.7
397.2
16.5
1,034.2
577.4
456.9
3,425.8
3,254.4
102.2
69.2
85.4
24.9
57.9
2.5
1,014.7
44.3
1,668.5
468.9
449.7
19.3
1,199.6
702.1
497.5
3,769.6
3,605.0
95.6
68.9
100.2
31.9
61.4
6.9
1,056.2
40.0
1,642.4
450.4
426.3
24.1
1,192.0
788.7
403.4
August 2008
61
2. Personal Income and Outlays
Table 2.1. Personal Income and Its Disposition
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Personal income............................
Compensation of employees,
received..................................
Wage and salary
disbursements...................
Private industries...............
Government.......................
Supplements to wages and
salaries...............................
Employer contributions for
employee pension and
insurance funds.............
Employer contributions for
government social
insurance.......................
Proprietors' income with
inventory valuation and capital
consumption adjustments......
Farm.......................................
Nonfarm..................................
Rental income of persons with
capital consumption
adjustment..............................
Personal income receipts on
assets.....................................
Personal interest income.......
Personal dividend income.....
Personal current transfer receipts
Government social benefits to
persons...............................
Old-age, survivors,
disability, and health
insurance benefits.........
Government unemployment
insurance benefits.........
Veterans benefits...............
Family assistance 1...........
Other..................................
Other current transfer receipts,
from business (net)............
Less: Contributions for
government social insurance
Less: Personal current taxes.......
Equals: Disposable personal
income..........................................
Less: Personal outlays.................
Personal consumption
expenditures..........................
Personal interest payments 2 ....
Personal current transfer
payments................................
To government.......................
To the rest of the world (net)
Equals: Personal saving..............
Personal saving as a
percentage of disposable
personal income....................
Addenda:
Disposable personal income:
Total, billions of chained
(2000) dollars 3..................
Per capita:
Current dollars...................
Chained (2000) dollars......
Population (midperiod,
thousands).............................
Percent change from preceding
period:
Disposable personal
income, current dollars. ..
Disposable personal
income, chained (2000)
dollars..................................
2005
I
II
2006
III
IV
I
II
2007
IV
III
I
II
2008
III
IV
I
II
1 9,727.2 10,269.8 10,993.9 11,663.2 10,025.5 10,044.5 10,184.4 10,289.1 10,561.0 10,781.6 10,913.2 11,056.1 11,224.7 11,473.0 11,577.5 11,730.4 11,872.1 11,981.2 12,195.7
2 6,671.4
7,025.8 7,432.6 7,818.6 6,823.6 6,884.4 6,957.4 7,090.2 7,171.0
7,338.0 7,364.2
7,441.9 7,586.1
7,734.0
7,760.1
7,839.3
7,941.0 8,029.6
8,094.4
3 5,394.5 5,671.7 6,027.2 6,362.0 5,518.1 5,553.1 5,611.5 5,725.6 5,796.5 5,946.4 5,966.2 6,034.2 6,162.2 6,294.0 6,310.7 6,377.7 6,465.5 6,538.2 6,592.2
4 4,451.4 4,690.9 5,004.2 5,286.7 4,565.9 4,582.5 4,637.5 4,740.8 4,802.9 4,938.7 4,953.0 5,004.8 5,120.3 5,234.0 5,242.5 5,297.0 5,373.4 5,428.5 5,469.3
5
943.1
980.7 1,023.0 1,075.2
952.2
970.6
974.0
984.8
993.6 1,007.7 1,013.2 1,029.4 1,041.9 1,059.9 1,068.1 1,080.8 1,092.1 1,109.7 1,122.9
6 1,276.9
1,354.1
1,405.3
1,456.6
1,305.5 1,331.4
1,346.0 1,364.7
1,374.5
1,391.6
1,398.0
1,407.8
1,423.9
1,440.0
1,449.4
1,461.6
1,475.5
1,491.4
1,502.1
7
868.5
926.0
956.8
991.9
889.1
909.8
921.4
933.4
939.5
946.6
952.9
959.5
968.1
977.6
987.7
996.5
1,005.9
1,015.3
1,023.5
8
408.3
428.1
448.5
464.7
416.4
421.6
424.5
431.3
434.9
445.0
445.1
448.2
455.8
462.3
461.7
465.1
469.6
476.1
478.6
9
10
11
911.6
37.3
874.3
959.8
34.1
925.7
1,014.7
16.2
998.6
1,056.2
44.0
1,012.2
944.4
36.5
908.0
936.3
33.2
903.0
948.1
38.3
909.8
960.4
37.1
923.3
994.5
27.7
966.7
1,037.2 1,050.2 1,063.8
42.3
47.4
39.3
997.9 1,007.9 1,016.4
1,073.8
47.1
1,026.7
1,071.7
41.6
1,030.1
1,077.3
41.0
1,036.2
12
118.4
40.9
44.3
40.0
101.7
90.1
72.2
-56.9
58.0
38.6
39.1
54.3
1,004.7 1,018.3
17.3
9.8
987.5 1,008.4
38.2
35.1
13 1,432.1
14
895.1
15
537.0
16 1,422.5
1,596.9 1,824.8 2,000.1 1,564.1 1,513.6 1,564.7 1,616.9 1,692.3 1,735.4 1,809.5
1,022.0 1,125.4 1,214.3
912.3
963.0 1,005.6 1,038.0 1,081.4 1,085.3 1,123.4
699.4
574.9
785.8
651.8
559.1
650.2
550.6
578.9
610.9
686.1
1,520.7 1,603.0 1,713.3 1,437.1 1,479.7 1,508.8 1,559.6 1,534.7 1,567.6 1,594.5
1,865.8 1,888.6
1,147.6 1,145.6
718.2
743.0
1,620.1 1,629.8
1,930.9
1,172.2
758.7
1,695.7
1,982.5 2,030.9 2,056.2 2,054.1 2,043.0
1,206.1 1,236.2 1,242.7 1,224.6 1,199.4
794.7
776.5
813.5
829.5
843.6
1,699.2 1,720.6 1,737.8 1,778.1 1,923.4
17 1,396.1
1,481.9
1,578.1
1,681.4
1,595.4 1,603.1
1,665.3
1,667.5
1,688.0
1,704.7
1,745.8
1,891.0
1,415.7 1,453.4
52.8
1,013.4 1,022.4
13.8
23.7
998.7
999.6
45.6
1,480.8
1,490.6
1,502.9
1,543.0
1,570.7
40.4
44.6
41.8
18
788.0
844.5
938.9
999.4
802.8
827.6
841.8
849.7
858.8
914.0
934.9
947.4
959.2
981.9
997.5
1,008.8
1,009.6
1,032.4
1,047.1
19
20
21
22
36.0
34.5
18.4
519.2
31.3
36.8
18.2
551.1
29.9
39.2
18.3
551.7
32.3
41.9
18.8
588.9
32.2
35.2
18.3
527.3
31.8
36.6
18.2
539.1
31.2
36.7
18.2
552.9
30.7
36.9
18.2
555.0
31.6
37.0
18.2
557.3
29.7
38.8
18.2
542.3
29.6
39.2
18.2
548.8
30.1
39.3
18.3
560.2
30.4
39.6
18.4
555.6
31.3
41.0
18.6
592.6
31.2
41.9
18.7
578.2
32.5
42.1
18.9
585.7
34.3
42.7
19.0
599.2
38.2
44.6
19.2
611.5
41.4
44.9
19.3
738.3
23
26.4
38.8
24.9
31.9
21.4
26.4
28.1
69.0
31.8
24.6
23.8
24.7
26.7
30.4
31.7
32.5
33.1
32.2
32.4
24
828.8
874.3
925.5
965.1
25 1,046.3 1,207.8 1,353.2 1,492.8
845.5
859.6
866.9
881.1
889.5
917.1
918.9
925.5
940.4
959.8
959.1
966.0
975.3
991.3
996.6
1,090.7
1,163.8
1,192.7
1,222.3
1,252.5
1,316.0
1,341.1
1,356.2
1,399.6
1,459.5
1,489.4
1,501.6
1,520.5
1,541.2
1,362.3
26 8,680.9
27 8,499.2
8,934.8
8,710.6
8,880.7
8,808.1
8,991.7
8,945.9
9,066.9
9,129.8
9,308.6
9,234.2
9,465.6
9,371.2
9,572.1
9,518.0
9,699.9
9,651.8
9,825.1 10,013.5 10,088.0 10,228.8 10,351.5 10,440.0 10,833.4
9,739.0 9,904.2 10,056.9 10,182.0 10,309.2 10,404.9 10,548.5
9,062.0
9,029.5
9,640.7 10,170.5
9,570.0 10,113.1
28 8,195.9 8,694.1 9,207.2 9,710.2 8,393.3 8,480.9 8,610.8 8,791.1 8,893.7 9,026.3 9,161.9 9,283.7 9,357.0 9,524.9 9,657.5 9,765.6 9,892.7 10,002.3 10,144.3
29
191.3
235.4
215.0
265.4
203.5
206.8
215.3
219.0
223.8
228.5
250.1
244.0
278.2
276.7
261.7
218.9
239.1
262.6
262.3
30
31
32
33
112.1
68.9
43.1
120.4
72.5
47.9
127.4
76.2
51.1
137.5
81.2
56.3
113.8
71.5
42.2
120.5
72.0
48.5
119.9
72.2
47.7
119.7
72.6
47.1
121.5
73.4
48.2
121.1
74.4
46.7
127.6
75.6
52.0
129.0
76.8
52.2
131.9
78.2
53.8
135.3
79.6
55.7
136.9
80.8
56.0
138.1
81.8
56.3
139.8
82.5
57.3
140.8
82.9
57.9
141.9
83.7
58.2
181.7
32.5
70.7
57.4
224.2
72.5
45.8
-62.9
74.4
94.4
54.2
48.1
86.1
109.3
31.1
46.8
42.4
35.1
284.9
34
2.1
0.4
0.7
0.6
2.5
0.8
0.5
-0.7
0.8
1.0
0.6
0.5
0.9
1.1
0.3
0.5
0.4
0.3
2.6
35 8,008.9 8,121.4 8,407.0 8,644.0 8,158.8 8,060.4 8,110.0 8,084.0 8,231.8 8,334.2 8,360.4 8,407.1
8,526.2
8,617.7
8,604.5 8,671.1
8,683.1
8,680.0 8,914.6
36
37
32,712
28,387
33,267
28,630
33,441
28,523
34,138
28,636
34,357
28,565
29,563
27,274
30,576
27,403
32,222
28,098
33,667
28,614
30,316
27,683
30,069
27,292
30,381
27,401
30,557
27,245
31,293
27,673
31,753
27,958
32,038
27,983
32,380
28,064
33,820
28,669
35,574
29,273
38 293,644 296,373 299,199 302,087 294,722 295,342 295,969 296,719 297,462 298,101 298,774 299,568 300,351 301,004 301,667 302,452 303,225 303,868 304,528
39
6.4
4.4
6.4
5.5
10.8
-2.4
5.1
3.4
11.1
6.9
4.6
5.4
5.3
7.9
3.0
5.7
4.9
3.5
15.9
40
3.6
1.4
3.5
2.8
7.5
-4.7
2.5
-1.3
7.5
5.1
1.3
2.3
5.8
4.4
-0.6
3.1
0.6
-0.1
11.3
1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
2. Consists of nonmortgage interest paid by households.
3. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
62
Personal Income and Outlays
August 2008
Table 2.2B. Wage and Salary Disbursements by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
2004
Line
2005
2007
2006
2004
2006
2005
2007
2008
IV
Wage and salary
disbursements....
Private industries...........
Goods-producing
industries.................
Manufacturing..........
Services-producing
industries.................
Trade, transportation,
and utilities..........
Other servicesproducing
industries 1..........
Government.....................
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1 5,394.5
2 4,451.4
5,671.7
4,690.9
6,027.2
5,004.2
6,362.0
5,286.7
5,518.1
4,565.9
5,553.1
4,582.5
5,611.5
4,637.5
5,725.6
4,740.8
5,796.5
4,802.9
5,946.4
4,938.7
5,966.2
4,953.0
6,034.2
5,004.8
6,162.2
5,120.3
6,294.0
5,234.0
6,310.7
5,242.5
6,377.7
5,297.0
6,465.5
5,373.4
6,538.2
5,428.5
6,592.2
5,469.3
3
4
1,049.2
686.9
1,099.2
704.0
1,167.2
731.2
1,205.4
746.0
1,073.6
699.3
1,078.3
696.8
1,087.6
699.3
1,112.9
709.3
1,117.9
710.7
1,165.2
733.0
1,159.6
727.1
1,160.9
726.6
1,182.9
738.2
1,198.4
746.4
1,200.7
744.0
1,204.3
743.4
1,218.2
750.2
1,224.2
754.1
1,222.6
754.8
5
3,402.2
3,591.7
3,837.1
4,081.3
3,492.3
3,504.2
3,549.9
3,627.8
3,685.0
3,773.5
3,793.4
3,843.9
3,937.5
4,035.6
4,041.9
4,092.6
4,155.3
4,204.3
4,246.7
6
898.6
938.2
986.7
1,035.2
918.1
920.9
930.7
946.3
954.9
975.1
979.1
988.1
1,004.5
1,020.8
1,036.5
1,035.3
1,048.3
1,057.9
1,057.9
7
8
2,503.6
2,653.5
2,850.4
3,046.1
2,574.2
2,583.3
2,619.2
2,681.5
2,730.1
2,798.4
2,814.3
2,855.8
2,932.9
3,014.8
3,005.4
3,057.4
3,106.9
3,146.4
3,188.8
943.1
980.7
1,023.0
1,075.2
952.2
970.6
974.0
984.8
993.6
1,007.7
1,013.2
1,029.4
1,041.9
1,059.9
1,068.1
1,080.8
1,092.1
1,109.7
1,122.9
1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises, administrative and support and waste
management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services.
N o te . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Table 2.3.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Personal consumption
expenditures...............
Durable goods.........................
1
2
3
Housing................................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation............................
Other....................................
3.6
6.3
3.0
4.6
3.0
4.5
2.8
4.8
4.2
7.0
1.7
0.6
3.6
12.1
I
II
3.7
5.4
1.4
-11.7
4.3
18.9
2007
IV
III
2.8
1.8
I
2.2
3.5
3.7
4.2
II
3.9
9.2
2008
III
I
IV
II
2.0
5.0
2.0
2.3
1.0
0.4
0.9
-4.3
1.5
-3.0
2.0
-0.2
-2.6
2.0
6.3
-8.3
15.5
4.1
-36.9
17.6
1.7
1.9
0.2
9.3
1.6
-6.7
-0.8
-10.7
-18.5
11.9
6.5
10.3
5.1
12.1
6.3
8.0
4.8
8.4
5.9
8.9
6.7
9.9
8.4
13.0
-4.9
14.3
11.2
19.9
20.0
5.1
-3.8
6.9
0.3
7.9
5.7
11.7
4.2
5.6
10.6
8.8
9.4
3.9
-3.6
1.8
-2.3
13.4
0.0
4.4
3.1
2.3
3.1
3.5
1.9
1.2
0.3
-0.4
4.0
3.5
3.4
3.7
2.5
4.9
2.4
4.2
3.0
3.2
4.9
3.8
6.2
4.0
5.9
1.9
4.7
6.4
8.7
3.3
5.6
3.1
10.4
4.9
0.2
4.0
13.7
5.4
6.9
4.7
0.8
1.1
5.3
2.1
4.5
1.2
9.3
2.8
2.7
0.3
4.4
2.8
-3.2
1.3
3.0
2.9
10.3
9
10
11
12
13
14
15
16
17
18
19
20
21
1.3
1.9
-5.6
4.2
-0.3
0.4
-9.5
3.1
-2.0
-1.7
-5.5
4.5
0.8
0.1
10.0
3.2
-0.2
1.2
-16.2
2.5
-4.1
-4.7
3.0
2.1
4.3
6.6
-20.6
3.1
0.9
1.8
-9.9
2.0
-1.3
0.0
-18.8
4.6
-6.1
-4.8
-22.8
6.2
-4.0
-6.5
40.9
5.0
1.0
0.9
3.3
3.5
1.2
0.6
10.5
4.9
5.4
2.7
47.0
3.9
-2.6
-1.7
-12.9
2.1
-0.4
0.9
-15.5
2.0
-1.7
-2.0
3.2
-1.5
-6.0
-5.2
-16.1
-1.8
-1.3
0.5
-21.3
6.2
3.2
2.6
2.5
2.6
3.4
1.7
1.7
3.8
2.5
1.6
2.8
2.0
3.9
3.1
1.4
2.4
1.4
2.4
1.1
3.0
2.4
1.1
3.3
1.4
3.0
4.9
3.7
3.2
1.6
2.5
1.1
1.2
3.4
1.9
1.8
3.2
-0.4
-3.0
1.5
2.0
2.6
3.2
2.5
1.5
1.8
1.9
1.8
1.9
2.9
4.5
3.2
2.9
4.0
10.2
0.3
2.3
3.4
0.9
4.5
3.2
0.1
1.9
-1.1
0.6
2.5
2.8
-0.3
3.5
0.4
0.1
0.6
0.9
3.2
0.8
-0.8
3.8
4.1
7.7
1.6
0.9
4.1
1.5
4.8
3.4
-0.3
-2.4
1.2
0.4
3.3
1.5
2.5
3.6
-9.8
-22.1
0.3
3.1
3.2
2.9
1.6
3.0
7.1
13.5
2.7
3.3
1.3
1.6
2.9
2.5
2.8
3.5
2.2
1.2
0.6
6.6
1.6
2.1
0.8
-0.9
1.9
4.0
3.0
12.9
5.8
1.2
1.9
4.7
0.1
1.0
5.3
1.9
3.8
0.8
0.5
-2.4
2.6
1.5
1.0
2.5
2.7
0.7
1.6
1.1
1.9
2.3
3.7
2.4
2.8
1.2
2.5
0.5
3.9
-0.8
4.0
-0.4
-0.8
0.5
1.8
7.4
-2.1
1.7
4.9
-4.7
4.1
1.7
1.7
2.9
0.9
-1.8
3.4
0.9
-1.6
22
1.2
0.8
-2.4
1.2
3.9
-1.7
2.6
3.5
-1.7
-12.6
2.4
2.0
0.4
5.1
-2.5
0.2
-0.9
-1.5
0.2
23
3.9
3.1
3.3
3.1
3.9
1.7
3.8
3.6
1.2
5.4
2.5
2.4
4.2
4.2
2.2
2.4
0.8
1.0
1.4
Addenda:
Energy goods and services 1
Personal consumption
expenditures excluding
food and energy...............
IV
III
4.7
Nondurable goods...................
Services.....................................
II
4
5
6
7
8
Motor vehicles and parts.....
Furniture and household
equipment........................
Other....................................
Food.....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Gasoline and oil...............
Fuel oil and coal..............
Other....................................
2006
2005
I
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
August 2008
Survey of C urrent B usiness
63
Table 2.3.2. Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Percent change at annual rate:
Personal consumption
expenditures........................
Percentage points at annual rates:
Durable goods..................................
Motor vehicles and parts.............
Furniture and household
equipment................................
Other............................................
Nondurable goods...........................
Food.............................................
Clothing and shoes......................
Gasoline, fuel oil, and other
energy goods...........................
Gasoline and oil.......................
Fuel oil and coal.......................
Other............................................
Services..............................................
Housing........................................
Household operation...................
Electricity and gas...................
Other household operation......
Transportation...............................
Medical care.................................
Recreation....................................
Other............................................
2005
I
II
2006
III
IV
I
II
1
3.6
2
3
0.75
0.54
0.52
0.54
0.11
-0.01
-0.13
0.09
4
5
6
7
8
0.50
0.15
0.43
0.12
0.51
0.14
0.34
0.11
0.36
0.13
1.01
0.99
1.06
0.72
1.39
0.69
1.20
0.86
1.35
0.44
0.20
0.51
0.24
0.55
0.23
0.26
0.18
0.86
0.33
0.44
0.21
0.42
0.40
0.66
0.01
0.54
0.50
9
10
11
12
13
14
15
16
17
18
19
20
21
0.04
0.05
-0.01
0.34
-0.01
0.01
-0.02
0.25
-0.07
-0.06
-0.01
0.36
0.03
0.00
0.02
0.25
-0.01
0.03
-0.04
0.20
-0.14
-0.14
0.01
0.17
0.14
0.19
-0.05
0.25
0.03
0.06
-0.03
0.16
-0.05
0.00
-0.05
0.35
-0.23
-0.17
-0.06
0.49
1.88
1.52
1.47
1.53
2.01
1.00
1.04
2.25
1.47
0.95
1.66
0.46
0.14
0.02
0.11
0.05
0.51
0.20
0.52
0.48
0.09
0.05
0.04
0.04
0.57
0.08
0.25
0.48
-0.02
-0.07
0.05
0.08
0.45
0.13
0.35
0.22
0.10
0.04
0.06
0.07
0.50
0.18
0.45
0.44
0.22
0.21
0.01
0.09
0.58
0.04
0.64
0.47
0.01
0.04
-0.03
0.02
0.43
0.11
-0.04
0.52
0.02
0.00
0.02
0.03
0.54
0.03
-0.11
0.57
0.22
0.17
0.05
0.03
0.70
0.06
0.66
0.50
-0.02
-0.06
0.04
0.01
0.56
0.06
0.35
0.53
-0.58
-0.59
0.01
0.12
0.54
0.12
0.23
0.46
0.38
0.29
0.09
0.12
0.23
0.07
0.40
22
0.06
0.04
-0.14
0.07
0.21
-0.09
0.14
0.20
-0.11
-0.82
0.15
23
3.14
2.49
2.64
2.46
3.15
1.40
3.06
2.88
0.95
4.35
2.00
3.0
3.0
2.8
2007
III
IV
I
II
2008
III
IV
I
II
1.7
3.6
3.7
1.4
4.3
2.8
2.2
3.7
3.9
2.0
0.82
0.06
1.38
0.64
-1.44
2.05
0.21
0.40
0.48
1.01
0.55
0.33
-0.46
0.77
0.22
-2.26
0.79
0.08
0.09
0.01
0.42
0.07
0.37
0.15
0.42
0.19
0.54
-0.11
0.58
0.24
0.82
0.44
0.22
-0.09
0.30
0.01
0.34
0.13
0.49
0.10
0.24
0.24
0.36
0.21
1.26
0.91
0.68
0.90
1.02
0.56
0.73
0.27
0.64
0.03
0.15
0.21
0.29
0.17
0.17
0.35
0.38
0.11
-0.15
-0.23
0.08
0.39
0.04
0.03
0.01
0.28
0.04
0.02
0.03
0.38
0.19
0.09
0.10
0.31
-0.09
-0.06
-0.04
0.17
-0.01
0.03
-0.04
0.16
1.16
2.33
1.83
0.86
1.40
0.84
1.44
0.66
0.37
0.15
0.08
0.07
0.04
0.10
0.27
0.22
0.31
0.04
-0.02
0.06
0.15
0.51
0.52
0.80
0.18
0.11
0.11
0.00
0.04
0.90
0.08
0.53
0.12
0.03
-0.05
0.08
0.06
0.18
0.10
0.37
0.11
0.09
0.03
0.06
0.09
0.63
0.10
0.39
0.17
0.13
0.01
0.12
-0.03
0.69
-0.01
-0.11
0.07
0.10
0.16
-0.07
0.06
0.84
-0.20
0.57
0.25
0.09
0.07
0.03
-0.07
0.58
0.04
-0.23
0.12
0.02
0.29
-0.15
0.01
-0.05
-0.09
0.01
1.96
3.39
3.40
1.74
1.96
0.62
0.78
1.12
III
IV
I
4.2
2.0
1.0
0.9
1.5
0.26
0.04
-0.47
-0.32
-0.32
-0.04
-0.49
-0.84
0.16
-0.09
0.07
-0.05
0.52
0.00
0.35
0.08
-0.11
1.18
0.04
0.17
0.38
-0.12
0.18
0.11
0.40
0.37
-0.07
-0.07
0.01
-0.12
-0.26
-0.20
-0.05
-0.14
-0.06
0.02
-0.08
0.47
Addenda:
Energy goods and services 1......
Personal consumption
expenditures excluding food
and energy................................
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Table 2.3.3. Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Personal consumption
expenditures........................
Durable goods..................................
Motor vehicles and parts.............
Furniture and household
equipment.................................
Other............................................
Nondurable goods...........................
Food.............................................
Clothing and shoes......................
Gasoline, fuel oil, and other
energy goods...........................
Gasoline and oil.......................
Fuel oil and coal......................
Other............................................
Services..............................................
Housing........................................
Household operation...................
Electricity and gas...................
Other household operation......
Transportation...............................
Medical care.................................
Recreation....................................
Other............................................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
II
1 112.197 115.615 119.135 122.456 113.724 114.217 115.239 116.303 116.701 117.925 118.737 119.393 120.485 121.631 122.226 122.838 123.130 123.395 123.862
2 125.652 131.397 137.274 143.908 128.580 128.761 132.478 134.236 130.112 135.877 136.485 137.652 139.081 142.162 143.894 144.720 144.856 143.284 142.204
3 116.638 116.387 113.304 115.582 118.444 115.892 120.132 121.350 108.176 112.658 113.137 113.684 113.738 116.303 116.767 114.746 114.513 111.313 105.750
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
142.244 156.895 175.831 189.830 147.272 150.441 154.051 158.837 164.252 171.893 174.044 176.989 180.397 185.449 188.009 192.006 193.857 194.714 200.914
119.046 125.149 132.979 139.314 121.237 123.216 125.726 124.158 127.497 133.447 132.148 132.236 134.083 135.461 138.918 142.080 140.796 139.967 139.969
111.833 115.687 119.930 122.872 113.369 114.043 115.225 116.068 117.412 118.670 119.590 120.275 121.187 122.232 122.815 123.182 123.261 123.147 124.369
109.109 113.248 117.831 120.038 110.759 111.655 112.509 113.851 114.976 116.503 117.850 118.173 118.798 119.163 119.987 120.080 120.924 121.315 122.184
117.798 125.054 132.484 138.677 120.093 121.735 124.771 124.821 128.889 131.064 131.326 133.044 134.502 137.518 138.442 139.942 138.806 139.821 143.283
105.053 104.703 102.633 103.438 104.942 103.842 104.942 105.184 104.843 103.215 102.167 102.423 102.729 104.098 103.422 103.330 102.901 101.329 101.005
106.264 106.697 104.870 105.007 106.471 105.191 106.882 107.352 107.363 106.045 104.279 104.503 104.651 105.354 104.909 105.146 104.617 103.243 103.369
91.972 83.205 78.606 86.464 88.420 89.078 84.080 81.908 77.754 72.883 79.403 80.054 82.085 90.388 87.329 83.740 84.398 80.774 76.072
115.981 119.592 125.011 128.976 117.647 118.273 119.189 119.778 121.128 122.971 124.472 125.551 127.049 128.270 128.953 129.588 129.094 128.514 130.457
109.726 112.525 115.298 118.259 111.003 111.465 111.946 112.995 113.696 114.149 114.938 115.495 116.612 117.494 117.916 118.605 119.020 119.739 120.071
107.683
104.725
104.072
105.140
97.702
118.476
113.695
106.949
111.126
106.438
106.633
106.283
98.847
122.448
115.868
108.887
114.718
106.000
103.457
107.826
100.853
125.648
119.546
111.625
116.420
107.959
105.447
109.760
102.731
129.317
124.880
115.218
108.803
105.822
105.278
106.164
98.406
120.127
114.591
108.334
109.657
105.838
105.786
105.874
98.552
120.877
115.376
108.250
110.608
105.950
105.820
106.029
98.768
121.819
115.596
108.028
111.652
107.020
107.795
106.454
98.987
123.045
116.030
109.294
112.588
106.944
107.131
106.775
99.080
124.053
116.469
109.978
113.584
104.218
100.643
106.865
99.838
125.019
117.317
110.417
114.434
106.031
103.869
107.574
100.662
125.430
117.788
111.202
115.134
106.772
104.774
108.172
100.956
125.612
119.696
111.644
115.720
106.980
104.543
108.693
101.955
126.529
123.383
113.235
116.052
107.487
105.741
108.713
102.201
128.166
123.954
114.305
116.289
107.617
105.109
109.415
102.582
128.499
124.723
115.063
116.501
108.035
105.399
109.932
103.172
129.659
125.479
115.866
116.839
108.696
105.540
110.980
102.969
130.943
125.365
115.638
116.978
109.183
107.453
110.404
103.408
132.522
123.860
116.814
117.469
109.645
108.211
110.639
102.938
133.619
124.128
116.350
Addenda:
Energy goods and services 1......
Personal consumption
expenditures excluding food
and energy...............................
22 104.647 105.470 102.973 104.223 105.075 104.618 105.290 106.212 105.758 102.242 102.847 103.349 103.453 104.750 104.090 104.139 103.913 103.532 103.573
23 113.196 116.680 120.507 124.197 114.779 115.275 116.352 117.376 117.716 119.285 120.014 120.738 121.992 123.263 123.927 124.679 124.921 125.225 125.661
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
64
August 2008
Personal Income and Outlays
Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Personal consumption
expenditures........................
Durable goods..................................
Motor vehicles and parts.............
Furniture and household
equipment.................................
Other............................................
Nondurable goods...........................
Food.............................................
Clothing and shoes......................
Gasoline, fuel oil, and other
energy goods...........................
Gasoline and oil.......................
Fuel oil and coal......................
Other............................................
Services..............................................
Housing........................................
Household operation...................
Electricity and gas...................
Other household operation......
Transportation...............................
Medical care.................................
Recreation....................................
Other............................................
Addenda:
Energy goods and services 1......
Personal consumption
expenditures excluding food
and energy................................
2006
2005
I
III
II
I
IV
II
2007
III
IV
II
I
2008
III
IV
I
II
1 108.392 111.581 114.675 117.659 109.521 110.187 110.881 112.168 113.089 113.581 114.499 115.381 115.239 116.202 117.246 117.969 119.221 120.283 121.530
90.696 89.984 88.772 87.154 90.454 90.547 90.343 89.629 89.417 89.208 89.027 88.726 88.126 87.717 87.365 86.938 86.598 86.581 86.237
2
3
96.898
99.099
98.589
97.589
98.671
98.742
98.076
98.541
99.090
99.222
99.356
98.728
98.331
98.367
98.737
98.919
73.331
98.460
98.508
79.919
98.044
69.924
99.421
78.900
97.456
78.118
97.389
77.609
97.301
76.244
98.072
75.419
97.919
74.614
97.643
73.790
98.442
72.879
98.819
72.043
98.935
71.270
99.494
70.554
99.348
69.426
99.232
68.445 68.115 67.161
99.608 100.809 102.107
98.698
98.386
171.084
170.343
180.338
109.796
185.237
184.642
192.322
111.013
133.902
133.288
141.337
106.694
135.361
134.800
142.359
107.139
136.727
135.596
151.577
107.410
166.814
166.701
167.012
107.919
168.807
168.160
176.992
108.631
164.672
163.923
174.381
109.322
175.443
174.775
183.696
109.791
184.651
184.315
187.861
110.039
159.571
158.358
175.412
110.033
166.759
165.921
177.225
110.716
183.081
182.798
186.051
110.752
185.479
184.912
192.164
110.946
4
76.848
97.670
5
6 107.626 111.606 114.984 118.407 109.153 109.554 110.100 113.057 113.712 113.794 115.155 116.412 114.578 116.025 117.830 118.682 121.092 123.059 125.034
7 110.269 112.743 115.344 119.682 111.340 111.643 112.572 113.024 113.733 114.418 114.852 115.750 116.356 117.714 119.023 120.440 121.553 123.007 124.942
8 92.663 91.724 91.332 90.595 92.454 92.416 91.903 91.420 91.156 90.827 91.541 91.532 91.429 91.486 90.468 90.114 90.311 90.203 89.519
9
10
11
12
13
14
15
16
17
18
19
20
21
124.127
123.990
125.389
106.136
151.927
151.314
159.485
107.775
205.630
204.938
213.849
111.638
218.289
216.917
235.889
112.598
231.593
228.767
270.219
113.018
112.929 116.700 120.752 124.712 114.198 115.140 116.139 117.088 118.433 119.313 120.285 121.279 122.130 123.200 124.218 125.179 126.253 127.133 128.418
113.195
109.892
117.625
105.409
108.307
114.709
112.067
113.388
116.121
115.522
129.794
107.254
112.645
118.613
115.101
117.224
120.281
121.503
141.370
110.042
116.172
122.136
118.532
121.376
124.679
124.813
144.797
113.275
119.318
126.601
120.418
125.365
114.262
110.899
119.862
105.710
109.375
116.068
113.253
114.949
115.106
112.027
121.574
106.487
110.606
117.230
113.866
115.669
115.772
113.690
125.163
107.042
112.104
118.128
114.396
116.883
116.365
115.709
130.106
107.375
113.324
118.997
115.494
117.770
117.240
120.663
142.333
108.111
114.546
120.096
116.647
118.574
118.260
121.880
144.240
108.996
115.155
120.630
117.330
119.746
119.647
120.817
140.418
109.497
116.034
121.626
118.439
121.022
120.985
121.491
140.895
110.301
116.655
122.738
119.397
121.745
122.232
121.825
139.926
111.375
116.845
123.552
118.961
122.989
123.302
123.412
143.067
112.068
117.775
125.315
119.103
123.338
124.217
124.814
145.416
112.933
118.559
126.049
120.141
124.720
125.110
125.018
144.522
113.745
119.935
126.962
120.595
126.145
126.086
126.005
146.182
114.354
121.004
128.078
121.833
127.259
126.994
127.183
148.139
115.093
122.455
128.364
122.851
128.529
127.623
131.623
157.962
116.475
124.736
129.125
123.708
129.803
22 121.342 142.434 158.328 167.857 127.904 129.472 131.795 151.021 157.449 155.884 160.413 165.836 151.177 156.617 166.907 167.880 180.026 188.015 199.828
23 107.338 109.644 112.129 114.548 108.169 108.838 109.405 109.838 110.495 111.076 111.887 112.531 113.022 113.682 114.201 114.797 115.512 116.158 116.756
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Table 2.3.5. Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Personal consumption
expenditures........................
Durable g oods..................................
Motor vehicles and parts.............
Furniture and household
equipment.................................
Other............................................
Nondurable goods...........................
Food.............................................
Clothing and shoes......................
Gasoline, fuel oil, and other
energy goods............................
Gasoline and oil.......................
Fuel oil and coal......................
Other............................................
Services..............................................
Housing........................................
Household operation...................
Electricity and gas...................
Other household operation......
Transportation...............................
Medical care.................................
Recreation....................................
Other...
2006
2005
I
II
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 8,195.9 8,694.1 9,207.2 9,710.2 8,393.3 8,480.9 8,610.8 8,791.1 8,893.7 9,026.3 9,161.9 9,283.7 9,357.0 9,524.9 9,657.5 9,765.6 9,892.7 10,002.3 10,144.3
983.9 1,020.8 1,052.1 1,082.8 1,004.1 1,006.6 1,033.3 1,038.7 1,004.4 1,046.5 1,049.1 1,054.4 1,058.2 1,076.6 1,085.3 1,086.2 1,083.0 1,071.0 1,058.7
2
3
437.8
424.7
406.7
413.7
417.2
379.1
401.4
402.0
403.7
415.2
415.3
4 355.7 377.3 403.5
415.3
363.7
367.9
374.3
387.8
213.2
217.4
196.7 200.5
199.6
204.6
214.2
220.9
226.2
231.1
229.9
214.6
227.0
193.7
213.6
5 191.3 200.3
6 2,343.7 2,514.1 2,685.2 2,833.0 2,409.3 2,432.4 2,469.9 2,554.8 2,599.4 2,629.3 2,681.5 2,726.3 2,703.8 2,761.5 2,817.7 2,846.6 2,906.2
7 1,113.1 1,181.2 1.257.4 1,329.1 1,140.8 1,153.2 1,171.7 1,190.4 1,209.7 1,233.2 1,252.2 1,265.4 1,278.8 1,297.7 1,321.2 1,337.9 1,359.8
375.4
335.0 341.4
339.8
349.8
354.4
357.9
362.5
366.1
374.6
372.9
373.2
330.6
8 325.0 341.5 360.2 374.0
415.1
231.3
422.3
234.2
2,950.7
3,027.8
1,380.5
375.5
1,412.3
381.9
405.3
376.7
28.6
767.9
423.7
393.4
30.2
771.1
448.1
415.4
32.6
785.6
4,868.3 5,159.2 5,469.9 5,794.4 4,979.9 5,041.9 5,107.6 5,197.6 5,289.9 5,350.5 5,431.3 5,502.9 5,595.0 5,686.8 5,754.4 5,832.8 5,903.5
5,980.6
6,057.7
1,226.8 1,298.7 1,388.7 1,460.9 1,251.2 1,270.3 1,288.7 1,307.5 1,328.4 1,351.8 1,377.9 1,401.8 1,423.5 1,440.1 1,453.8 1,466.9 1,482.7
499.7
508.4
525.7
483.0
503.3
517.5
526.9
449.0
479.7 502.4
457.8
462.5
469.8
495.5
506.1
524.0
534.3
209.7
184.2
189.7
200.9
218.4
209.0
211.6
216.8
218.3
221.1
175.4
218.8
180.8
208.0
219.0
198.3 209.6
282.1
290.7
300.7
278.3 280.1
284.9
287.5
294.5
298.8
305.0
308.6
313.2
273.5
281.3 292.9
306.9
277.0
326.7
340.2
347.0
360.4
308.2
317.5
322.5
330.5
334.8
343.0
350.6
354.2
362.9
324.3 341.2
357.0
313.5
1,395.5 1,491.3 1,575.8 1,681.1 1,431.5 1,454.9 1,477.5 1,503.3 1,529.7 1,548.5 1,566.4 1,583.0 1,605.1 1,649.1 1,663,0 1,690.2 1,721.9
352.4
364.4
374.2
383.4
393.7
354.7
359.5
369.2
396.0
402.0
405.9
409.7
341.8
357.8
380.1
403.4
348.1
1,147.1 1,207.4 1,281.6 1,366.3 1,177.9 1,184.3 1,194.3 1,217.5 1,233.5 1,250.6 1,272.9 1,285.6 1,317.3 1,333.5 1,357.4 1,382.5 1,392.0
1,495.1
541.7
228.1
313.6
368.8
1,746.6
408.2
1,420.2
1,508.8
563.0
244.9
318.0
374.0
1,771.5
411.9
1,428.5
626.4
651.8
693.0
23 6,657.7 7,009.9 7,404.0 7,795.3 6,802.6 6,874.4 6,974.7 7,063.9 7,126.8 7,259.6 7,357.4 7,444.4 7,554.5 7,677.9 7,754.6 7,842.3 7,906.6
7,970.1
8,039.1
9
10
11
12
13
14
15
16
17
18
19
20
21
436.8
249.7
231.4
18.3
655.9
443.1
304.6
283.6
21.0
686.8
434.0
336.2
313.8
22.4
731.4
440.4
366.9
340.6
26.3
762.9
446.7
269.1
249.3
19.8
668.8
442.0
269.1
249.0
20.2
675.2
458.5
274.7
254.4
20.3
682.1
460.0
335.8
314.1
21.7
688.8
412.0
338.8
316.9
21.9
701.1
431.5
325.4
305.3
20.1
716.3
433.9
343.3
320.2
23.1
728.2
436.6
362.2
338.4
23.8
736.2
434.0
314.0
291.2
22.8
744.9
442.0
332.5
307.1
25.4
756.7
444.0
362.7
336.9
25.8
761.0
437.9
367.1
341.6
25.5
766.1
402.2
Addenda:
Energy goods and services 1......
Personal consumption
expenditures excluding food
and energy................................
22
425.1
502.9
545.8
585.7
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
449.9
453.4
464.4
536.7
557.2
533.5
552.3
573.8
523.7
549.3
581.7
585.4
August 2008
Survey of C urrent Business
65
Table 2.3.6. Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Personal consumption
expenditures........................
Durable goods..................................
Motor vehicles and parts.............
Furniture and household
equipment.................................
Other............................................
Nondurable goods...........................
Food.............................................
Clothing and shoes......................
Gasoline, fuel oil, and other
energy goods............................
Gasoline and oil.......................
Fuel oil and coal......................
Other............................................
Services..............................................
Housing........................................
Household operation...................
Electricity and gas...................
Other household operation......
Transportation...............................
Medical care.................................
Recreation....................................
Other............................................
Residual............................................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 7,561.4 7,791.7 8,029.0 8,252.8 7,664.3 7,697.5 7,766.4 7,838.1 7,864.9 7,947.4 8,002.1 8,046.3 8,119.9 8,197.2 8,237.3 8,278.5 8,298.2 8,316.1 8,347.5
2 1,084.8 1,134.4 1,185.1 1,242.4 1,110.1 1,111.6 1,143.7 1,158.9 1,123.3 1,173.1 1,178.3 1,188.4 1,200.7 1,227.3 1,242.3 1,249.4 1,250.6 1,237.0 1,227.7
408.7
437.9
457.8
447.9
469.0
418.1
435.4
439.4
439.6
451.3
443.5
442.6
430.2
3
450.8
449.9
446.7
464.3
437.3
449.5
628.7
537.9
588.3
4
490.9
550.2
460.8
470.7
497.0
514.0
553.8
564.5
580.3
600.8
606.6
609.3
445.1
594.0
482.0
544.6
216.7
227.7
232.9
229.4
198.7
218.7
219.8
230.8
229.4
5
195.1
205.1
218.0
228.3
202.0
206.1
203.5
209.0
216.6
222.0
6 2,177.6 2,252.7 2,335.3 2,392.6 2,207.5 2,220.7 2,243.7 2,260.1 2,286.3 2,310.8 2,328.7 2,342.0 2,359.8 2,380.1 2,391.5 2,398.6 2,400.2 2,397.9 2,421.7
7 1,009.4 1,047.7 1,090.1 1,110.5 1,024.7 1,033.0 1,040.9 1,053.3 1,063.7 1,077.8 1,090.3 1,093.3 1,099.1 1,102.5 1,110.1 1,110.9 1,118.7 1,122.4 1,130.4
383.7
400.4
412.2
416.6
413.2
426.6
8
350.7
372.3
394.4
412.9
357.5
362.4
371.5
371.6
390.2
391.0
409.4
416.3
396.1
9
10
11
12
13
14
15
16
17
18
19
20
21
22
201.2
186.7
14.6
618.0
200.5
187.4
13.2
637.3
196.5
184.2
12.4
666.1
4,311.0 4,420.9 4,529.9
198.1
184.5
13.7
687.3
200.9
187.0
14.0
626.9
4,646.2 4,361.1
198.8
184.8
14.1
630.2
200.9
187.7
13.3
635.1
201.4
188.6
13.0
638.2
200.8
188.6
12.3
645.4
197.6
186.3
11.5
655.3
4,379.3 4,398.2 4,439.4 4,466.9 4,484.7
196.7
183.8
13.0
677.0
199.3
185.1
14.3
683.5
198.0
184.3
13.8
687.1
4,515.7 4,537.6 4,581.5
4,616.1
4,632.7
195.6
183.2
12.6
663.3
196.1
183.6
12.7
669.0
197.0
183.8
13.4
687.9
194.0
181.4
12.8
684.8
193.4
181.6
12.0
695.2
4,659.8 4,676.1
4,704.3
4,717.4
197.9
184.7
13.3
690.5
1,083.8 1,118.4 1,154.6 1,171.7 1,095.1 1,103.6 1,113.2 1,123.7 1,133.1 1,143.2 1,151.7 1,158.8 1,164.7 1,168.0 1,170.4 1,172.5 1,175.9 1,177.3 1,182.3
427.7
415.2
417.2
416.5
417.3
419.8
421.5
424.0
425.9
408.5
413.5
421.2
412.8
412.9
413.3
417.5
406.6
413.6
419.3
149.1
144.2
150.6
151.0
151.2
154.0
155.1
152.8
148.3
151.1
150.9
151.6
151.6
154.5
153.5
148.8
150.1
149.8
151.5
267.0
270.0
271.3
273.9
262.3
266.1
270.9
262.0
261.3
261.7
262.7
263.5
263.8
265.5
268.3
268.3
272.5
273.1
259.5
294.0
296.9
297.7
298.8
300.5
299.9
301.2
299.8
287.9
293.7
299.2
286.6
287.0
287.7
288.3
288.6
290.8
293.2
284.6
1,216.5 1,257.3 1,290.2 1,327.8 1,233.5 1,241.2 1,250.9 1,263.4 1,273.8 1,283.7 1,287.9 1,289.8 1,299.2 1,316.0 1,319.4 1,331.4 1,344.5 1,360.8 1,372.0
333.0
320.7
307.4
312.4
314.7
321.1
331.0
334.6
336.6
336.3
332.3
305.0
310.8
335.0
309.5
310.1
311.3
316.0
332.5
1,011.7 1,030.0 1,055.9 1,089.9 1,024.8 1,024.0 1,021.9 1,033.9 1,040.3 1,044.5 1,051.9 1,056.1 1,071.1 1,081.3 1,088.4 1,096.0 1,093.9 1,105.0 1,100.6
-69.7
-81.0
-23.4
-55.2
-64.7
-74.0
-74.4
-73.6
-19.2
-31.6
-53.8
-70.7
-25.8
-31.6
-33.9
-35.1
-50.6
-51.8
-58.3
Addenda:
Energy goods and services 1......
Personal consumption
expenditures excluding food
and energy................................
23
350.3
353.1
344.7
24 6,202.5 6,393.4 6,603.1
348.9
351.8
350.2
352.5
355.6
354.1
342.3
344.3
346.0
346.3
350.7
348.5
348.6
347.9
346.6
346.7
6,805.3 6,289.2 6,316.4 6,375.4 6,431.5 6,450.2 6,536.1 6,576.1 6,615.8 6,684.5 6,754.1 6,790.5 6,831.7 6,845.0 6,861.6 6,885.5
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
N o te . Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 0 current-dollar value of the corresponding series, divided by 1 00. Because the formula for the chain-type quantity indexes uses weights o f
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.
66
Personal Income and Outlays
August 2008
Table 2.4.3. Real Personal Consumption Expenditures by Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Line
Personal consumption expenditures.................................
Durable goods.......................................................................................
Motor vehicles and parts..............................................................
New autos (70)................
Net purchases of used autos (71)............................................
Other motor vehicles (72).
Tires, tubes, accessories, and other parts (73).......................
Furniture and household eguipment.............................................
Furniture, including mattresses and bedsprings (29)..............
Kitchen and other household appliances (30).........................
China, glassware, tableware, and utensils (31).......................
Video and audio goods, including musical instruments, and
computer goods (91)............................................................
Video and audio goods, including musical instruments (92)
Computers, peripherals, and software (93).........................
Other durable house furnishings (32).......................................
Other.............................................................................................
Ophthalmic products and orthopedic appliances (46).............
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90)............................................................
Jewelry and watches (18).
Books and maps (87)
Nondurable goods...................
2004
2005
2007
112.197 115.615 119.135 122.456
125.652 131.397 137.274 143.908
116.638
98.365
92.421
139.554
104.880
142.244
117.541
124.849
125.223
116.387
102.896
93.655
134.573
108.832
156.895
125.365
128.920
131.599
113.304
105.304
93.658
125.736
109.826
175.831
130.353
132.147
147.185
115.582
101.340
92.577
133.737
110.115
189.830
134.230
130.192
155.384
1?
13
14
15
1fi
17
181.737
143.561
270.225
126.530
119.046
99.259
214.906
164.121
337.011
134.530
125.149
101.218
258.861
195.353
413.689
148.695
132.979
103.068
300.210
224.077
488.156
155.447
139.314
111.548
18
19
?n
21
22
23
130.208 139.006 151.297 163.632
117.723 124.053 130.241 129.402
115.961 120.314 127.521 133.101
111.833 115.687 119.930 122.872
109.109
Food..............................................................................................
109.124
Food purchased for off-premise consumption (3)....................
24 109.155
Purchased meals and beverages (4)........................................
Food furnished to employees (including military) and food
25 106.206
produced and consumed on farms (5+6).............................
2t> 109.142
Addenda: Food excluding alcoholic beverages(8)...................
Alcoholic beverages purchased for off-premise
27 111.280
consumption (9)...................................................
Other alcoholic beverages (10)................................
28 104.429
2b 117.798
Clothing and shoes.......................................................................
Shoes (12)................................................................................
3U 114.671
Women’s and children’s clothing and accessories except
shoes (14)............................................................................
31 117.712
Men’s and boys’ clothing and accessories except shoes
32 119.593
(15+16).................................................................................
Gasoline, fuel oil, and other energy goods...................................
33 105.053
Gasoline and oil (75)................................................................
34 106.264
Fuel oil and coal (40)................................................................
35 91.972
Other.............................................................................................
3b 115.981
Tobacco products (7)................................................................
3/
92.061
Toilet articles and preparations (21).........................................
38 106.037
Semidurable house furnishings (33).........................................
3y 134.575
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34)......................
40 114.539
41 128.853
Drug preparations and sundries (45)........................................
42 135.654
Nondurable toys and sport supplies (89)..................................
Stationery and writing supplies (35).........................................
43 104.039
44
Net foreign remittances (111 less 113).....................................
Magazines, newspapers, and sheet music (88).......................
4b 103.042
46 96.115
Flowers, seeds, and potted plants (95)....................................
Services..................................................
47 109.726
Housing............................................
48 107.683
49 111.462
Owner-occupied nonfarm dwellings—space rent (24).............
113.248 117.831 120.038
114.040 118.771 121.459
112.013 116.095 117.522
112.131 126.431 129.898
113.052 117.139 118.981
119.599
105.878
125.054
117.823
130.343
109.940
132.484
123.783
136.419
112.980
138.677
127.242
126.132 133.460 139.880
127.093
104.703
106.697
83.205
119.592
88.283
110.575
145.259
135.512
102.633
104.870
78.606
125.011
86.877
116.784
164.239
142.856
103.438
105.007
86.464
128.976
84.720
121.347
181.253
118.605
132.143
149.689
107.934
120.934
137.607
165.746
113.105
122.759
141.141
181.140
117.407
107.502 114.135 120.779
101.310 105.557 105.859
112.525 115.298 118.259
111.126 114.718 116.420
115.401 119.583 120.560
Note. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5.
2006
1
?
3
4
5
6
7
8
9
10
11
Line
Tenant-occupied nonfarm dwellings—rent (25)............................
Rental value of farm dwellings (26)..............................................
Other(27)......................................................................................
Household operation........................................................................
Electricity (37)...............................................................................
Gas (38)........................................................................................
Water and other sanitary services (39)........................................
Telephone and telegraph (41)......................................................
Domestic service (42)..................................................................
Other (43).................
Transportation.............
User-operated transportation.......................................................
Repair, greasing, washing, parking, storage, rental, and
leasing (74)..........................................................................
Other user-operated transportation (76+77)............................
Purchased local transportation....................................................
Mass transit systems (79)
Taxicab (80).....................
Purchased intercity transportation...............................................
Railway (82)....................
Bus (83)...........................
Airline (84).................................................................................
Other (85)..
Medical care.....
Physicians (47)..............................................................................
Other professional services (49)..................................................
Hospitals and nursing homes (50)...............................................
Recreation.........................................................................................
Admissions to specified spectator amusements (96)..................
Other (94+100+101+102+103)....................................................
Personal care................................................................................
Cleaning, storage, and repair of clothing and shoes (17).......
Barbershops, beauty parlors, and health clubs (22)...............
Other (19)..................................................................................
Personal business.........................................................................
Brokerage charges and investment counseling (61)...............
Bank service charges, trust services, and safe deposit box
rental (62)..............................................................................
Services furnished without payment by financial
intermediaries except life insurance carriers (63)...............
Expense of handling life insurance and pension plans (64)
Legal services (65)...................................................................
Funeral and burial expenses (66).............................................
Other (67)..................................................................................
Education and research...............................................................
Higher education (105).............................................................
Nursery, elementary, and secondary schools (106)................
Other (107)................................................................................
Religious and welfare activities (108)...........................................
Foreign travel by U.S. residents (110)......................................
Less: Expenditures in the United States by nonresidents (112)
50
51
52
53
54
55
56
57
58
59
60
61
2004
2005
2006
2007
96.959
102.898
104.597
104.725
105.542
100.750
101.987
111.660
99.893
95.767
97.702
96.174
98.256
102.669
111.394
106.438
110.623
98.398
102.562
112.611
98.566
98.547
98.847
97.257
100.071
102.507
115.599
106.000
108.053
94.083
105.091
114.123
101.143
98.843
100.853
99.858
103.572
102.353
119.457
107.959
109.454
97.281
105.928
116.763
103.217
100.521
102.731
101.860
62 94.333 95.938 99.295 101.853
63 103.118 102.445 102.526 102.649
64 94.582 95.723 99.643 101.767
65 93.648 94.037 97.465 99.097
6b 97.287 100.604 105.947 109.492
67 108.686 110.224 107.837 108.866
68 111.364 112.493 114.489 130.716
b9 82.647 77.004 71.650 65.831
/O 108.758 110.897 108.486 109.646
/1 117.489 119.234 117.710 119.687
7? 118.476 122.448 125.648 129.317
73 127.590 134.047 139.916 143.868
74 109.208 109.626 111.765 111 721
75 121.695 126.442 130.200 137.157
76 113.930 116.875 119.398 123.083
77 121.293 126 066 126 578 126 845
78 113.695 115.868 119.546 124.880
79 106.024 103.438 107.192 108.814
80 114.709 117.525 121.191 127.039
81 106.949 108.887 111.625 115.218
8? 111.291 113.975 114.801 114.316
83 87.599 87.499 89.683 87.341
84 113.763 116.144 113.044 111.493
85 119.727 124.069 128.637 130.194
86 103.516 106.980 109.667 116.334
87 93.318 97.985 106.145 115.631
88 123.276 137.315 144.396 154.302
89
90
91
9?
q?
94
95
96
97
108.834
89.001
105.039
94.517
111.735
106.199
110.302
106.318
97.839
112.827
109.108
92.327
106.065
95.021
114 448
107.090
111.325
108.069
97.824
112.092
109.717
92.101
109.430
89.380
116 604
108.542
111.975
109.554
100.881
115.358
120.480
93.370
111.782
86.054
121 556
111.231
113.818
112.118
105.384
117.281
99
100
101
92.177
88.338
93.345
91.739
97.029
91.971
95.624
98.551
August 2008
Survey of C urrent Business
67
Table 2.4.4. Price Indexes for Personal Consumption Expenditures by Type of Product
[Index numbers, 2000=100]
Line
Personal consumption expenditures.............................
Durable goods...............................................................................
Motor vehicles and parts.............................................................
New autos (70)........................................................................
Net purchases of used autos (71)...........................................
Other motor vehicles (72)........................................................
Tires, tubes, accessories, and other parts (73)......................
Furniture and household equipment............................................
Furniture, including mattresses and bedsprings (29).............
Kitchen and other household appliances (30)........................
China, glassware, tableware, and utensils (31)......................
Video and audio goods, including musical instruments, and
computer goods (91)...........................................................
Video and audio goods, including musical instruments (92)
Computers, peripherals, and software (93)........................
Other durable house furnishings (32).....................................
Other............................................................................................
Ophthalmic products and orthopedic appliances (46)............
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90)...........................................................
Jewelry and watches (18)........................................................
Books and maps (87)..............................................................
Nondurable goods.........................................................................
Food.............................................................................................
Food purchased for off-premise consumption (3)...................
Purchased meals and beverages (4).......................................
Food furnished to employees (including military) and food
produced and consumed on farms (5+6)...........................
Addenda: Food excluding alcoholic beverages(8)..................
Alcoholic beverages purchased for off-premise
consumption (9 )..................................................
Other alcoholic beverages (10)..............................
Clothing and shoes......................................................................
Shoes (12)...............................................................................
Women’s and children’s clothing and accessories except
shoes (14)...........................................................................
Men’s and boys’ clothing and accessories except shoes
(15+16)................................................................................
Gasoline, fuel oil, and other energy goods..................................
Gasoline and oil (75)...............................................................
Fuel oil and coal (40).............
Other..........................................
Tobacco products (7)...............................................................
Toilet articles and preparations (21)........................................
Semidurable house furnishings (33).......................................
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).....................
Drug preparations and sundries (45)......................................
Nondurable toys and sport supplies (89)................................
Stationery and writing supplies (35).......................................
Net foreign remittances (111 less 113)...................................
Magazines, newspapers, and sheet music (88).....................
Flowers, seeds, and potted plants (95)...................................
Services...........................................................................................
Housing........................................................................................
Owner-occupied nonfarm dwellings—space rent (24)............
2004
2005
2007
108.392 111.581 114.675 117.659
90.696 89.984 88.772 87.154
96.898 98.508 99.099 98.589
95.842 96.752 97.619 97.214
96.870 100.683 101.852 100.575
95.348 96.546 95.963 94.557
105.704 108.194 112.558 116.372
79.919 76.848 73.331 69.924
94.723 93.699 94.486 93.641
91.515 93.890 96.085 99.047
89.744 89.157 85.882 84.472
62.892 56.823 51.054 45.943
78.188 72.719 66.800 59.788
43.556 37.600 32.614 29.599
91.122 90.899 88.243 85.698
98.044 97.670 98.460 99.421
106.366 109.012 112.261 114.593
95.108 94.664 94.379 92.314
94.490 93.137 95.391 100.089
103.563 103.152 102.493 103.356
107.626 111.606 114.984 118.407
110.269 112.743 115.344 119.682
109.509 111.358 113.323 117.656
111.493 114.976 118.604 122.956
111.064 114.072 117.628 121.781
110.229 112.756 115.370 119.795
108.677 109.898 111.318 114.269
114.245 118.088 122.975 128.444
92.663 91.724 91.332 90.595
96.316 99.051 99.791 98.852
92.824
90.965
90.901
90.521
90.578
124.127
123.990
125.389
106.136
121.031
99.892
83.850
89.422
151.927
151.314
159.485
107.775
127.298
100.075
81.695
87.971
171.084
170.343
180.338
109.796
131.638
100.949
76.122
86.741
185.237
184.642
192.322
111.013
140.325
102.425
70.862
103.230 105.266 109.680 111.469
115.149 118.498 123.145 124.902
82.449 78.176 75.286 72.493
94.944 95.312 96.523 98.234
109.003 111.785 113.562 114.756
106.181 105.939 106.825 108.078
112.929 116.700 120.752 124.712
113.195 116.121 120.281 124.679
113.116 115.750 119.783 123.831
Note. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5.
2006
Line
2004
Tenant-occupied nonfarm dwellings—rent ( 2 5 ) ..................................
50 114.139
Rental value of farm dwellings ( 2 6 ) .............................................................
51 118.386
Other ( 2 7 ) ......................................................................................................................
52 109.206
Household operation....................................................................
53 109.892
54 111.176
Electricity ( 3 7 ) .......................
Gas ( 3 8 ) .........................................................................................................................
55 134.098
Water and other sanitary services ( 3 9 ) ....................................................
56 116.923
Telephone and telegraph ( 4 1 ) .........................................................................
57 95.217
Domestic service ( 4 2 ) ......
58 112.769
Other ( 4 3 ) ..................................
59 117.763
Transportation.....................
60 108.307
User-operated transportation...................................................
61 111.866
Repair, greasing, washing, parking, storage, rental, and
leasing ( 7 4 ) ......................................................................................................
62 109.470
Other user-operated transportation ( 7 6 + 7 7 ) ..................................
63 120.309
Purchased local transportation.................................................
64 119.456
Mass transit systems ( 7 9 ) ...........................................................................
65 119.456
Taxicab ( 8 0 ) ............................................................................................................
66 119.456
Purchased intercity transportation............................................
67 87.718
Railway ( 8 2 ) ...........................................................................................................
68 98.440
Bus ( 8 3 ) .....................................................................................................................
69 114.801
Airline ( 8 4 ) ...............................................................................................................
70 83.262
71 99.605
Other ( 8 5 ) ................................................................................................................
Medical care.................................................................................
72 114.709
Physicians ( 4 7 ) ...........................................................................................................
73 106.550
74 118.722
Dentists ( 4 8 ) ................................................................................................................
Other professional services ( 4 9 ) ...................................................................
75 110.408
Hospitals and nursing homes ( 5 0 ) ................................................................
76 117.633
Health insurance ( 5 6 ) ............................................................................................
77 127.093
Recreation.....................................................................................
78 112.067
79 116.791
Admissions to specified spectator amusements ( 9 6 ) .....................
Other ( 9 4 + 1 0 0 + 1 0 1 + 1 0 2 + 1 0 3 ) ......................................................................
80 111.477
Other.............................................................................................
81 113.388
Personal care................
82 112.189
Cleaning, storage, and repair of clothing and shoes ( 1 7 ) ....
83 112.780
84 110.940
Barbershops, beauty parlors, and health clubs ( 2 2 ) ................
Other ( 1 9 ) .............................................................................
85 113.370
Personal business....................................................................
86 109.477
87 92.050
Brokerage charges and investment counseling ( 6 1 ) ................
Bank service charges, trust services, and safe deposit box
rental ( 6 2 ) ..........................................................................................................
88 111.786
Services furnished without payment by financial
intermediaries except life insurance carriers ( 6 3 ) ................
89 107.915
Expense of handling life insurance and pension plans ( 6 4 ) .
90 116.288
Legal services ( 6 5 ) ...........................................................................................
91 122.182
Funeral and burial expenses ( 6 6 ) ...........................................................
92 117.855
Other ( 6 7 ) ................................................................................................................
93 115.176
94 122.347
Education and research............
Higher education ( 1 0 5 ) ...................................................................................
95 124.859
Nursery, elementary, and secondary schools ( 1 0 6 ) ..................
96 114.977
Other ( 1 0 7 ) .............................................................................................................
97 123.090
Religious and welfare activities ( 1 0 8 ) ........................................................
98 112.640
99
Net foreign travel......................................................................
Foreign travel by U.S. residents ( 1 1 0 ) .................................................
100 118.924
Less: Expenditures in the United States by nonresidents ( 1 1 2 ) 101 108.829
2005
2006
2007
117.567
125.459
113.430
115.522
117.831
161.113
122.816
94.411
116.630
122.018
112.645
116.715
121.745
133.733
118.452
121.503
132.087
164.841
128.871
95.109
120.803
126.670
116.172
119.702
126.911
139.518
124.429
124.813
137.301
163.121
135.403
97.007
125.353
129.727
119.318
123.329
112.796
130.535
124.972
124.966
124.991
89.477
99.229
118.882
84.392
103.670
118.613
108.360
125.361
112.994
122.376
133.439
115.101
122.025
114.255
117.224
116.471
116.650
114.432
118.661
112.013
93.043
116.746
130.012
129.200
129.198
129.206
95.154
107.814
127.473
90.153
108.130
122.136
109.331
131.894
115.187
127.261
138.023
118.532
126.409
117.577
121.376
120.650
120.909
117.677
123.803
115.169
95.806
119.952
135.190
131.874
131.871
131.882
96.176
105.652
128.491
91.080
109.757
126.601
113.716
138.675
118.012
131.832
143.828
120.418
131.940
119.057
125.365
124.990
125.155
121.565
128.638
118.147
98.484
112.253 115.482 116.933
110.224
120.415
127.160
121.781
118.817
129.048
132.058
118.289
131.656
116.253
111.828
125.137
131.538
128.047
123.353
135.529
139.275
122.740
138.263
121.062
112.989
131.171
136.884
134.441
127.395
141.230
145.470
127.414
143.757
125.072
126.803 132.669 140.788
113.572 118.839 123.582
Personal Income and Outlays
68
August 2008
Table 2.4.5. Personal Consumption Expenditures by Type of Product
[B n o d lla ]
illio s f o rs
Line
Personal consumption expenditures.............................
Durable goods...............................................................................
Motor vehicles and parts.............................................................
New autos (70)........................................................................
Net purchases of used autos (71)...........................................
Other motor vehicles (72)........................................................
Tires, tubes, accessories, and other parts (73)......................
Furniture and household equipment............................................
Furniture, including mattresses and bedsprings (29).............
Kitchen and other household appliances (30)........................
China, glassware, tableware, and utensils (31)......................
Video and audio goods, including musical instruments, and
computer goods (91)...........................................................
Video and audio goods, including musical instruments (92)
Computers, peripherals, and software (93)........................
Other durable house furnishings (32)......................................
Other............................................................................................
Ophthalmic products and orthopedic appliances (46)............
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90)...........................................................
Jewelry and watches (18)........................................................
Books and maps (87)..............................................................
Nondurable goods...........................................
Food.............................................................................................
Food purchased for off-premise consumption (3)...................
Purchased meals and beverages (4).......................................
Food furnished to employees (including military) and food
produced and consumed on farms (5+6)............................
Addenda: Food excluding alcoholic beverages(8)..................
Alcoholic beverages purchased for off-premise
consumption (9)..................................................
Other alcoholic beverages (10)...............................
Clothing and shoes......................................................................
Shoes (12)................................................................................
Women's and children’s clothing and accessories except
shoes (14)...........................................................................
Men's and boys' clothing and accessories except shoes
(15+16).................................................................................
Gasoline, fuel oil, and other energy goods..................................
Gasoline and oil (75)....................
Fuel oil and coal (40)....................
Other.................................................
Tobacco products (7)....................
Toilet articles and preparations (21)........................................
Semidurable house furnishings (33)........................................
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).....................
Drug preparations and sundries (45).......................................
Nondurable toys and sport supplies (89).................................
Stationery and writing supplies (35)........................................
Net foreign remittances (111 less 113)....................................
Magazines, newspapers, and sheet music (88)......................
Flowers, seeds, and potted plants (95)...................................
Services...........................................................................................
Housing........................................................................................
Owner-occupied nonfarm dwellings—space rent (24)............
2004
2005
2006
2007
8,195.9
983.9
8.694.1
9,207.2
1.052.1
9.710.2
1,082.8
434.0
106.5
57.9
209.0
60.6
403.5
83.3
38.6
39.2
440.4
102.0
56.5
219.1
62.8
415.3
85.0
39.2
40.7
436.8
97.7
54.3
230.5
54.4
355.7
75.3
34.7
34.8
1,020.8
443.1
103.1
57.2
225.1
57.7
377.3
79.4
36.8
36.4
133.3
81.7
51.6
77.6
191.3
23.4
142.4
86.8
55.5
82.3
200.3
24.4
154.1
95.0
59.1
88.3
214.6
25.6
160.8
97.5
63.3
89.7
227.0
28.3
71.3
56.3
40.4
75.7
58.4
41.8
82.2
62.8
44.0
87.0
65.5
46.3
2.343.7
2.514.1
2.685.2
2.833.0
1,113.1
677.2
424.5
1.181.2
719.7
449.2
1.257.4
762.7
480.3
1.329.1
809.8
504.0
11.4
982.3
12.4
1,040.8
14.4
1.103.4
15.3
1.163.8
86.1
44.7
325.0
51.9
93.6
46.9
341.5
54.9
103.3
50.7
360.2
58.1
111.0
54.4
374.0
59.2
171.2
179.8
190.1
198.4
101.8
249.7
231.4
18.3
655.9
87.5
58.3
41.1
106.8
304.6
283.6
21.0
686.8
88.3
60.9
43.3
112.1
336.2
313.8
22.4
731.4
89.8
64.9
45.6
116.5
366.9
340.6
26.3
762.9
93.4
68.4
46.8
72.8
251.4
63.3
18.8
5.0
39.4
18.3
76.9
265.3
66.2
19.5
5.0
42.1
19.3
81.7
287.1
70.6
20.7
5.3
45.4
20.3
84.3
298.7
74.3
21.9
6.1
48.6
20.6
4,868.3
5,159.2
5,469.9
5,794.4
1.226.8
1,298.7
1.460.9
8 9 8 .0
9 5 1 .4
1,388.7
1.020.2
Note. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5.
1 .0 6 3 .3
Line
Tenant-occupied nonfarm dwellings—rent (25)...........................
Rental value of farm dwellings (26)..............................................
Other (27)......................................................................................
Household operation.................
Electricity (37).......................
Gas (38)........................................................................................
Water and other sanitary services (39)........................................
Telephone and telegraph (41)
Domestic service (42)..................................................................
Other (43)..................
Transportation................
User-operated transportation.......................................................
Repair, greasing, washing, parking, storage, rental, and
leasing (74)...........................................................................
Other user-operated transportation (76+77)............................
Purchased local transportation.....................................................
Mass transit systems (79)........................................................
Taxicab (80)...............................................................................
Purchased intercity transportation................................................
Railway (82)..............................................................................
Bus (83).................
Airline (84).............
Other (85)..............
Medical care..................
Physicians (47)..........
Dentists (48)..................................................................................
Other professional services (49)..................................................
Hospitals and nursing homes (50)................................................
Health insurance (56)...................................................................
Recreation.........................................................................................
Admissions to specified spectator amusements (96)..................
Other (94+100+101+102+103)....................................................
Other.................................................................
Personal care................................................................................
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)...............
Other (19)..................................................................................
Personal business........................................................................
Brokerage charges and investment counseling (61)...............
Bank service charges, trust services, and safe deposit box
rental (62)..............................................................................
Services furnished without payment by financial
intermediaries except life insurance carriers (63)...............
Expense of handling life insurance and pension plans (64)
Legal services (65)....................................................................
Funeral and burial expenses (66).............................................
Other (67)..................................................................................
Education and research...............................................................
Higher education (105).............................................................
Nursery, elementary, and secondary schools (106)................
Other (107)................................................................................
Religious and welfare activities (108)...........................................
Net foreign travel...........................................................................
Foreign travel by U.S. residents (110)......................................
Less: Expenditures in the United States by nonresidents (112)
2004
251.8
13.0
64.0
449.0
120.1
55.3
60.6
133.0
19.5
60.4
308.2
249.2
2005
262.9
13.7
70.8
479.7
133.4
64.9
64.0
133.0
19.9
64.4
324.3
262.9
2006
277.2
14.6
76.7
502.4
146.1
63.5
68.8
135.8
21.2
67.1
341.2
276.8
2007
299.1
15.2
83.3
525.7
153.8
65.0
72.9
141.7
22.4
69.9
357.0
290.9
212.7
189.5
198.6
224.2
59.7
64.3
64.1
66.8
13.8
14.6
15.7
16.4
10.2
10.7
11.4
11.9
3.6
3.9
4.3
4.5
48.7
49.7
45.2
46.8
0.6
0.7
0.6
0.6
2.2
2.2
2.3
2.0
33.3
34.4
36.7
35.9
9.1
9.7
9.9
10.3
1,395.5 1.491.3 1,575.8 1,681.1
322.0
344.0
362.3
387.5
80.2
85.0
91.1
95.8
217.1
230.8
242.3
261.5
646.8
690.2
733.3
783.1
146.7
153.2
129.5
141.3
341.8
403.4
357.8
380.1
38.4
41.2
37.6
43.6
304.2
319.4
359.8
338.9
1,147.1 1.207.4 1,281.6 1,366.3
108.7
115.5
124.4
120.5
15.5
16.1
17.1
17.2
48.4
51.0
51.0
52.0
44.7
48.5
52.5
55.2
610.9
646.0
680.9
741.0
86.4
87
91.7
102.3
114.5
99.0
196.4
99.4
82.0
15.6
42.6
212.8
118.9
42.3
51.5
219.0
-4.2
92.5
96.8
107.1
115.9
201.1
106.8
86.1
16.2
45.1
226.3
127.0
44.3
55.1
224.5
-5.0
99.9
104.9
205.2
110.7
91.9
16.0
47.7
240.9
134.7
46.5
59.7
240.6
-1.4
108.7
110.0
227.6
117.7
97.7
16.2
51.3
257.3
143.0
49.5
64.8
252.7
-8.9
113.6
122.6
August 2008
69
S u r v e y o f C u r r e n t B u s in e s s
Table 2.4.6. Real Personal Consumption Expenditures by Type of Product, Chained Dollars
[B n o ch in d(2 0 ) d lla ]
illio s f a e 0 0 o rs
Line
Personal consumption expenditures..............................
Durable goods................................................................................
Motor vehicles and parts.................. ...........................................
New autos (70).........................................................................
Net purchases of used autos (71)............................................
Other motor vehicles (72).........................................................
Tires, tubes, accessories, and other parts (73)........................
Furniture and household equipment.............................................
Furniture, including mattresses and bedsprings (29)..............
Kitchen and other household appliances (30).........................
China, glassware, tableware, and utensils (31).......................
Video and audio goods, including musical instruments, and
computer goods (91)............................................................
Video and audio goods, including musical instruments (92)
Computers, peripherals, and software (93)1.......................
Other durable house furnishings (32).......................................
Other.............................................................................................
Ophthalmic products and orthopedic appliances (46).............
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90)............................................................
Jewelry and watches (18).........................................................
Books and maps (87)...............................................................
Nondurable goods..........................................................................
Food..............................................................................................
Food purchased for off-premise consumption (3)....................
Purchased meals and beverages (4)........................................
Food furnished to employees (including military) and food
produced and consumed on farms (5+6)............................
Addenda: Food excluding alcoholic beverages(8)...................
Alcoholic beverages purchased for off-premise
consumption (9)...................................................
Other alcoholic beverages (10)...............................
Clothing and shoes.......................................................................
Shoes (12).................................................................................
Women’s and children’s clothing and accessories except
shoes (14)............................................................................
Men’s and boys’ clothing and accessories except shoes
(15+16).................................................................................
Gasoline, fuel oil, and other energy goods..................................
Gasoline and oil (75)................................................................
Fuel oil and coal (40)..........
Other.......................................
Tobacco products (7)................................................................
Toilet articles and preparations (21).........................................
Semidurable house furnishings (33)........................................
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34)......................
Drug preparations and sundries (45).......................................
Nondurable toys and sport supplies (89).................................
Stationery and writing supplies (35).........................................
Net foreign remittances (111 less 113)....................................
Magazines, newspapers, and sheet music (88)......................
Flowers, seeds, and potted plants (95)...................................
Services............................................................................................
Housing........................................................................................
Owner-occupied nonfarm dwellings—space rent (24)............
2004
2005
2006
7,791.7
1,134.4
8.029.0
1.185.1
8,252.8
1,242.4
450.8
101.9
56.1
241.8
51.4
445.1
79.5
38.0
38.8
449.9
106.6
56.8
233.1
53.4
490.9
84.7
39.2
40.8
437.9
109.1
56.8
217.8
53.9
550.2
88.1
40.2
45.6
446.7
105.0
56.1
231.7
54.0
594.0
90.7
39.6
48.2
211.9
104.5
250.6
119.4
301.8
142.1
350.0
163.0
85.2
195.1
22.0
90.6
205.1
22.4
100.1
218.0
22.8
104.6
228.3
24.7
75.0
59.5
39.0
80.0
62.7
40.5
87.1
65.9
42.9
94.2
65.4
44.8
2,177.6
2.252.7
2,335.3
2.392.6
1,009.4
618.4
380.7
1.047.7
646.3
390.7
1,090.1
673.1
405.0
1,110.5
688.3
409.9
10.3
891.1
10.8
923.1
12.2
956.4
12.5
971.5
79.2
39.2
350.7
53.9
85.1
39.7
372.3
55.4
92.8
41.2
394.4
58.2
97.1
42.4
412.9
59.8
184.4
197.6
209.1
219.2
112.4
201.2
186.7
14.6
618.0
72.3
58.3
49.1
119.5
200.5
187.4
13.2
637.3
69.3
60.8
53.0
127.4
196.5
184.2
12.4
666.1
68.2
64.3
59.9
134.3
198.1
184.5
13.7
687.3
66.5
66.8
66.1
70.5
218.3
76.8
19.7
3.2
36.1
17.3
73.0
223.9
84.7
20.5
2.9
37.7
18.2
74.5
233.1
93.8
21.5
2.7
40.0
19.0
75.6
239.1
102.5
22.3
2.6
42.3
19.0
4,311.0
4,420.9
4,529.9
4,646.2
1,083.8
793.9
1,118.4
821.9
1,154.6
851.7
1.171.7
858.7
Line
2007
7,561.4
1,084.8
Tenant-occupied nonfarm dwellings—rent (25)....................
Rental value of farm dwellings (26).......................................
Other(27)..............................................................................
Household operation.................................................................
Electricity (37).............
Gas (38)................................................................................
Water and other sanitary services (39).................................
Telephone and telegraph (41)...............................................
Domestic service (42)...........................................................
Other (43)....................
Transportation.................
User-operated transportation................................................
Repair, greasing, washing, parking, storage, rental, and
leasing (74)...................................................................
Other user-operated transportation (76+77)....................
Purchased local transportation
Mass transit systems (79)....
Taxicab (80)........................
Purchased intercity transportation.......................................
Railway (82).....................................................................
Bus (83)...........................................................................
Airline (84)........................................................................
Other(85)........................................................................
Medical care
Physicians (47)....................................................................
Dentists (48)..........................................................................
Other professional services (49)..........................................
Hospitals and nursing homes (50).......................................
Health insurance (56)............................................................
Recreation................................................................................
Admissions to specified spectator amusements (96)...........
Other (94+100+101+102+103)............................................
Other.........................................................................................
Personal care...............................................................................
Cleaning, storage, and repair of clothing and shoes (17).......
Barbershops, beauty parlors, and health clubs (22)...............
Other (19)................................................................................
Personal business........................................................................
Brokerage charges and investment counseling (61)...............
Bank service charges, trust services, and safe deposit box
rental (62)............................................................................
Services furnished without payment by financial
intermediaries except life insurance carriers (63)...............
Expense of handling life insurance and pension plans (64)....
Legal services (65)..................................................................
Funeral and burial expenses (66)............................................
Other (67)................................................................................
Education and research...............................................................
Higher education (105)............................................................
Nursery, elementary, and secondary schools (106)................
Other (107)..............................................................................
Religious and welfare activities (108)...........................................
Net foreign travel..........................................................................
Foreign travel by U.S. residents (110)......................................
Less: Expenditures in the United States by nonresidents (112)
Residual...........................................................................................
2004
220.6
11.0
58.6
408.5
108.0
41.3
51.8
139.7
17.3
51.3
284.6
222.7
2005
223.6
10.9
62.4
415.2
113.2
40.3
52.1
140.8
17.1
52.8
287.9
225.2
2006
227.7
10.9
64.8
413.5
110.6
38.5
53.4
142.7
17.5
53.0
293.7
231.3
2007
235.7
10.9
66.9
421.2
112.0
39.8
53.8
146.0
17.9
53.9
299.2
235.9
173.1
176.0
182.2
186.9
49.4
49.3
49.6
49.3
11.7
12.4
12.2
11.6
9.0
8.5
8.5
8.9
3.4
3.2
3.1
3.3
51.6
51.5
52.3
51.1
0.7
0.6
0.6
0.6
1.8
1.7
1.6
2.0
40.7
40.3
39.9
39.8
9.3
9.2
9.3
9.2
1,216.5 1,257.3 1,290.2 1.327.8
331.4
340.7
302.2
317.5
67.8
67.5
69.1
69.1
210.4
221.6
204.3
196.6
564.0
576.2
594.0
549.8
106.5
101.9
105.9
106.3
320.7
335.0
305.0
310.8
31.4
32.2
32.6
33.1
302.2
272.9
279.6
288.3
1,011.7 1,030.0 1,055.9 1.089.9
99.2
99.5
96.9
99.9
13.7
13.8
14.1
13.8
44.5
43.4
42.8
43.6
39.4
40.9
42.4
42.9
576.7
627.2
591.2
558.1
116.3
93.9
98.6
106.8
79.2
182.0
85.5
67.1
13.2
37.0
173.9
95.3
36.8
41.9
194.4
-11.1
77.8
88.9
-47.4
92.8
182.5
88.7
67.7
13.3
37.9
175.4
96.1
37.4
41.9
193.1
-13.5
78.8
92.3
-77.2
99.1
183.5
88.5
69.9
12.5
38.6
177.8
96.7
37.9
43.2
198.7
-10.7
81.9
92.6
-121.7
201.5
89.7
71.4
12.0
40.3
182.2
98.3
38.8
45.1
202.1
-18.5
80.7
99.2
-167.1
1. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers 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.
Note. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5.
Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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.
Personal Income and Outlays
70
August 2008
Table 2.5.3. Real Personal Consumption Expenditures by Type of Expenditure, Quantity Indexes
[Index numbers, 2000=100]
Line
2004
2005
2006
2007
Line
1
?
3
4
5
6
7
a
112.197 115.615 119.135 122.456 Personal business........................................................................................
Brokerage charges and investment counseling (s.)............................
107.666 111.122 115.181 117.000
Bank service charges, trust services, and safe deposit box rental (s.)
109.124 114.040 118.771 121.459
Toilet articles and preparations (n.d.)..........................................
Barbershops, beauty parlors, and health clubs (s.)....................
9
10
11
1?
13
14
15
16
17
18
19
20
21
22
Housing.................................................................................................
23
Owner-occupied nonfarm dwellings—space rent (s.)4...............
Tenant-occupied nonfarm dwellings—rent (s.)5..........................
Rental value of farm dwellings (s.)...............................................
Other (s.)6.....................................................................................
24
2b
111.280 119.599 130.343 136.419 Transportation.................
104.429 105.878 109.940 112.980
User-operated transportation...............................................................
New autos (d.)...........
Net purchases of used autos (d.).....................................................
114.671 117.823 123.783 127.242
Other motor vehicles (d.).................................................................
118.423 126.511 134.238 140.988
Tires, tubes, accessories, and other parts (d.)................................
117.712 126.132 133.460 139.880
Repair, greasing, washing, parking, storage, rental, and leasing (s.)
119.626 127.145 135.558 142.879
Gasoline and oil (n.d.)......................................................................
111.948 114.220 124.676 138.110
Bridge, tunnel, ferry, and road tolls (s.)............................................
87.599 87.499 89.683 87.341
Insurance (s.)20.................................................................................
117.723 124.053 130.241 129.402
Purchased local transportation.............
119.727 124.069 128.637 130.194
Mass transit systems (s.).................................................................
109.283 112.866 114.921 116.726
Taxicab (s.)............................
106.037 110.575 116.784 121.347
Purchased intercity transportation.......................................................
113.763 116.144 113.044 111.493
Railway (s.)...........................
107.683 111.126 114.718 116.420
Bus (s.)..................................
111.462 115.401 119.583 120.560
Airline (s.)...............................
96.959 98.256 100.071 103.572
Other (s.)21............................
102.898 102.669 102.507 102.353
104.597 111.394 115.599 119.457 Recreation......................................................................................................
Books and maps (d.)............................................................................
111.258 114.571 117.354 120.684
Magazines, newspapers, and sheet music (n.d.).................................
117.541 125.365 130.353 134.230
Nondurable toys and sport supplies (n.d.)...........................................
124.849 128.920 132.147 130.192
Wheel goods, sports and photographic equipment, boats, and
125.223 131.599 147.185 155.384
pleasure aircraft (d.)..........................................................................
126.530 134.530 148.695 155.447
Video and audio goods, including musical instruments, and computer
134.575 145.259 164.239 181.253
goods (d.)..........................................................................................
Video and audio goods, including musical instruments (d.)............
114.539 118.605 120.934 122.759
Computers, peripherals, and software (d.).......................................
104.039 107.934 113.105 117.407
Radio and television repair (s.)............................................................
102.667 103.788 101.753 104.068
Flowers, seeds, and potted plants (n.d.)..............................................
105.542 110.623 108.053 109.454
Admissions to specified spectator amusements..................................
100.750 98.398 94.083 97.281
Motion picture theaters (s.)..............................................................
101.987 102.562 105.091 105.928
Legitimate theaters and opera, and entertainments of nonprofit
91.972 83.205 78.606 86.464
institutions (except athletics) (s.)..................................................
111.660 112.611 114.123 116.763
Spectator sports (s.)22.....................................................................
99.893 98.566 101.143 103.217
Clubs and fraternal organizations (s.)23...............................................
95.767 98.547 98.843 100.521
Commercial participant amusements (s.)24.........................................
119.589 123.432 126.925 130.655
Pari-mutuel net receipts (s.)......
128.853 132.143 137.607 141.141
Other (s.)25.................................
99.259 101.218 103.068 111.548
127.590 134.047 139.916 143.868 Education and research..............
Higher education (s.)26.........................................................................
109.208 109.626 111.765 111.721
Nursery, elementary, and secondary schools (s.)27.............................
121.695 126.442 130.200 137.157
Other (s.)28............................................................................................
113.930 116.875 119.398 123.083
116.437 119.615 122.365 126.561 Religious and welfare activities (s.)29.....................................................
114.448 117.919 121.267 125.681
132.058 138.460 145.047 150.457
114.897 115.550 114.522 117.438 Foreign travel and other, n et.....................................................................
102.588 104.467 105.950 107.276
Foreign travel by U.S. residents (s.)30..................................................
121.293 126.066 126.578 126.845
Expenditures abroad by U.S. residents (n.d.)......................................
119.538 123.798 123.816 125.071
Less: Expenditures in the United States by nonresidents (s.)31.........
126.304 133.815 142.288 148.130
Less: Personal remittances in kind to nonresidents (n.d.)..................
129.578 137.245 139.782 133.471
Personal consumption expenditures................................
Food and tobacco................................................................................
Food purchased for off-premise consumption (n.d.)...................
Purchased meals and beverages (n.d.)1.....................................
Food furnished to employees (including military) (n.d.)..............
Food produced and consumed on farms (n.d.)..........................
Tobacco products (n.d.)...............................................................
Addenda: Food excluding alcoholic beverages (n.d.).................
Alcoholic beverages purchased for off-premise
consumption (n.d.)..................................................
Other alcoholic beverages (n.d.).................................
Clothing, accessories, and jewelry.................................................
Shoes (n.d.)..................................................................................
Clothing and accessories except 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 (s.)............
Jewelry and watches (d.).............................................................
Other (s.)3.....................................................................................
Personal c are........................................................................................
Household operation...........................................................................
Kitchen and other household appliances (d.)7............................
China, glassware, tableware, and utensils (d.)............................
Other durable house furnishings (d.)8.........................................
Semidurable house furnishings (n.d.)9........................................
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (n.d).........................
Stationery and writing supplies (n.d.)..........................................
Household utilities.................
Electricity (s.).....................
Gas (s.).....................................................................................
Water and other sanitary services (s.).....................................
Fuel oil and coal (n.d.).............................................................
Telephone and telegraph (s.)..
Domestic service (s.)...................................................................
Other (s.)10...................................................................................
Medical care......
Drug preparations and sundries (n.d.)11......................................
Ophthalmic products and orthopedic appliances (d.).................
Physicians (s.)12...........................................................................
Dentists (s.) .............................................................................
Other professional services (s.)13................................................
Hospitals and nursing homes14...................................................
Hospitals ...
Nonprofit (s.)........................................................................
Proprietary (s.)....................................................................
Government (s.)...................................................................
Nursing homes (s.)..................................................................
Health insurance...........................................................................
Medical care and hospitalization (s.)15....................................
Income loss (s.)16....................................................................
Workers’ compensation (s.)17..................................................
7K
77
28
29
30
31
32
33
34
35
3b
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
bb
56
57
58
59
109.155 112.013 116.095 117.522
108.235 114.296 128.612 132.862
72.373 76.062 89.720 81.070
92.061 88.283 86.877 84.720
109.142 113.052 117.139 118.981
116.690 123.192 129.918 134.270
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, lino
leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks,
blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse
expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends
paid to policyholders for insurance on personal property (except motor vehicles), and miscellaneous household operation
services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency
centers.
13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and
speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney
dialysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care
centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip
ment rental, medical and diagnostic laboratories, and home health care.
14. 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.
15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance.
16. Consists of premiums less benefits for income loss insurance.
17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately
administered workers’ compensation.
18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2)
administrative expenses of private noninsured pension plans and publicly administered government employee retirement
plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of
stock companies and services furnished without payment by banks, credit agencies, and investment companies. For
Services furnished without payment by financial intermediaries
except life insurance carriers (s.).....................................................
Expense of handling life insurance and pension plans (s.)18..............
Legal services (s.).................................................................................
Funeral and burial expenses (s.)..........................................................
Other (s.)19............................................................................................
2004
2005
2006
2007
60 103.516 106.980 109.667 116.334
61 93.318 97.985 106.145 115.631
62 123.276 137.315 144.396 154.302
63
64
65
bb
b/
68
69
70
n
12
108.834
89.001
105.039
94.517
111.735
109.108
92.327
106.065
95.021
114.448
109.717
92.101
109.430
89.380
116.604
120.480
93.370
111.782
86.054
121.556
107.972 108.375 107.342 108.854
108.218
98.365
92.421
139.554
104.880
94.333
106.264
101.071
103.383
94.582
93.648
97.287
108.686
111.364
82.647
108.758
117.489
108.555
102.896
93.655
134.573
108.832
95.938
106.697
102.888
102.430
95.723
94.037
100.604
110.224
112.493
77.004
110.897
119.234
107.502
105.304
93.658
125.736
109.826
99.295
104.870
106.603
102.094
99.643
97.465
105.947
107.837
114.489
71.650
108.486
117.710
/3
/4
/b
/6
//
/8
79
80
81
8?
83
84
85
8b 126.977 135.126 145.827
8/ 115.961 120.314 127.521
88 103.042 107.502 114.135
135.654 149.689 165.746
109.028
101.340
92.577
133.737
110.115
101.853
105.007
108.898
101.964
101.767
99.097
109.492
108.866
130.716
65.831
109.646
119.687
156.567
133.101
120.779
181.140
90 130.208 139.006 151.297 163.632
91
9?
93
94
95
96
97
181.737
143.561
270.225
106.556
96.115
106.024
98.884
214.906
164.121
337.011
106.082
101.310
103.438
88.185
258.861
195.353
413.689
111.014
105.557
107.192
88.340
300.210
224.077
488.156
117.023
105.859
108.814
87.780
98
99
mo
101
102
103
104
105
106
107
104.329
112.786
110.416
120.054
103.547
112.961
106.882
111.594
112.610
123.926
109.397
115.254
111.769
116.953
120.149
128.280
102.966
118.353
116.013
117.885
120.132
130.565
104.512
127.180
106.199 107.090 108.542 111.231
110.302 111.325 111.975 113.818
106.318 108.069 109.554 112.118
97.839 97.824 100.881 105.384
108 112.827 112.092 115.358 117.281
109
110
111
11?
113
92.177
111.218
88.338
138.395
93.345
108.722
91.739
153.509
97.029
112.224
91.971
177.936
95.624
115.551
98.551
200.751
pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment
companies.
19. 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.
2 0 . Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor
vehicle insurance.
2 1 . Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, airport bus fares, and limousine
services.
22. Consists of admissions to professional and amateur athletic events and to racetracks.
2 3 . Consists of current expenditures (including consumption of fixed capital) of nonprofit clubs and fraternal organizations
and dues and fees paid to proprietary clubs.
2 4 . Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recre
ational equipment rental, and other commercial participant amusements.
2 5 . Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre
ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified.
2 6 . For private institutions, equals current expenditures (including consumption of fixed capital) less receipts—such as
those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and less expenditures
for research and development financed under contracts or grants. For government institutions, equals student payments of
tuition.
2 7 . 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.
2 8 . Consists of ( 1 ) fees paid to business schools and computer and management training, technical and trade schools,
other schools and instruction, and educational support services, and (2) current expenditures (including consumption of
fixed capital) by nonprofit research organizations and by grantmaking foundations for education and research.
2 9 . For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organiza
tions, child day care services (excluding educational programs), social advocacy organizations, human rights organizations,
civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residen
tial care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving
services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for
separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users.
3 0 . Beginning with 1 9 8 1 , includes U.S. students’ expenditures abroad.
3 1 . Beginning with 1 9 8 1 , includes nonresidents' student and medical care expenditures in the United States. Beginning
with 1 9 8 6 , includes migratory worker and foreign professional expenditures in the United States.
Note. Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
August 2008
71
S u r v e y o f C u r r e n t B u s in e s s
Table 2.5.4. Price Indexes for Personal Consumption Expenditures by Type of Expenditure
[In e n me , 2 0 = 0 ]
d x u b rs 0 0 1 0
ine
Personal consumption expenditures....................
Food and tobacco.................................................................
Food purchased for off-premise consumption (n.d.)..........
Purchased meals and beverages (n.d.)1...........................
Food furnished to employees (including military) (n.d.).....
Food produced and consumed on farms (n.d.).................
Tobacco products (n.d.)......................................................
Addenda: Food excluding alcoholic beverages (n.d.)........
Alcoholic beverages purchased for off-premise
consumption (n.d.).........................................
Other alcoholic beverages (n.d.).......................
Clothing, accessories, and jewelry....................................
Shoes (n.d.)........................................................................
Clothing and accessories except 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 (s.)....
Jewelry and watches (d.)....................................................
Other (s.)3...........................................................................
Personal care........................................................................
Toilet articles and preparations (n.d.)................................
Barbershops, beauty parlors, and health clubs (s.)...........
Housing.................................................................................
Owner-occupied nonfarm dwellings—space rent (s.)4......
Tenant-occupied nonfarm dwellings—rent (s.)5.................
Rental value of farm dwellings (s.).....................................
Other (s.)6...........................................................................
Household operation............................................................
Furniture, including mattresses and bedsprings (d.).........
Kitchen and other household appliances (d.)7..................
China, glassware, tableware, and utensils (d.)..................
Other durable house furnishings (d.)8...............................
Semidurable house furnishings (n.d.)9..............................
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (n.d.)..............
Stationery and writing supplies (n.d.)................................
Household utilities..............................................................
Electricity (s.)..................................................................
Gas (s.)...........................................................................
Water and other sanitary services (s.)...........................
Fuel oil and coal (n.d.)....................................................
Telephone and telegraph (s.).............................................
Domestic service (s.)..........................................................
Other (s.)10.........................................................................
Medical care..........................................................................
Drug preparations and sundries (n.d.)11...........................
Ophthalmic products and orthopedic appliances (d.)........
Physicians (s.)12..................................................................
Dentists (s.)........................................................................
Other professional services (s.)13......................................
Hospitals and nursing homes14.........................................
Hospitals.........................................................................
Nonprofit (s.)...............................................................
Proprietary (s.)...........................................................
Government (s.)........................................................
Nursing homes (s.).........................................................
Health insurance................................................................
Medical care and hospitalization (s.)15..........................
Income loss (s.)16.....’.................. ..............................
Workers’ compensation (s.)17........................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
2004
2005
2006
2007
109.509
111.493
110.577
123.770
121.031
110.229
111.358
114.976
113.558
127.482
127.298
112.756
113.323
118.604
117.467
122.539
131.638
115.370
117.656
122.956
121.373
132.946
140.325
119.795
108.677 109.898 111.318 114.269
114.245 118.088 122.975 128.444
95.308
94.980
95.514
96.040
96.316 99.051 99.791 98.852
91.968 90.372 89.784 89.079
92.824 90.965 90.901 90.521
90.547 89.388 87.932 86.696
98.518 98.529 98.777 99.646
112.780 116.650 120.909 125.155
94.490 93.137 95.391 100.089
113.370 118.661 123.803 128.638
104.551 106.141 107.995 110.438
99.892 100.075 100.949 102.425
110.940 114.432 117.677 121.565
113.195 116.121 120.281
124.679
113.116
114.139
118.386
109.206
123.831
126.911
139.518
124.429
115.750
117.567
125.459
113.430
119.783
121.745
133.733
118.452
102.762 106.210 109.257 110.535
94.723
91.515
89.744
91.122
83.850
93.699
93.890
89.157
90.899
81.695
94.486
96.085
85.882
88.243
76.122
93.641
99.047
84.472
85.698
70.862
103.230
94.944
117.968
111.176
134.098
116.923
125.389
95.217
112.769
117.763
105.266
95.312
130.036
117.831
161.113
122.816
159.485
94.411
116.630
122.018
109.680
96.523
140.829
132.087
164.841
128.871
180.338
95.109
120.803
126.670
111.469
98.234
145.548
137.301
163.121
135.403
192.322
97.007
125.353
129.727
114.631 118.433 122.120 126.144
115.149
106.366
106.550
118.722
110.408
117.633
117.582
117.161
118.328
118.329
117.762
127.093
134.377
109.651
95.747
118.498
109.012
108.360
125.361
112.994
122.376
122.453
122.186
122.913
122.880
121.831
133.439
138.874
113.144
110.743
123.145
112.261
109.331
131.894
115.187
127.261
127.555
127.158
128.255
128.253
125.565
138.023
143.017
116.774
117.348
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 (s.)18...............
Legal services (s.).................................................................................
Funeral and burial expenses (s.)...........................................................
Other (s.)19.............................................................................................
Transportation.........................................................................................
User-operated transportation................................................................
New autos (d.)..............
Net purchases of used autos (d.)......................................................
Other motor vehicles (d.)..................................................................
Tires, tubes, accessories, and other parts (d.).................................
Repair, greasing, washing, parking, storage, rental, and leasing (s.)
Gasoline and oil (n.d.).......................................................................
Bridge, tunnel, ferry, and road tolls (s.).............................................
Insurance (s.)20.................................................................................
Purchased local transportation.....
Mass transit systems (s.)..........
Taxicab (s.)................................
Purchased intercity transportation........................................................
Railway (s.).......................................................................................
Bus (s.)..............................................................................................
Airline (s.)...........................................................................................
Other (s.)21........................................................................................
Recreation....
Books and maps (d.).............................................................................
Magazines, newspapers, and sheet music (n.d.).................................
Nondurable toys and sport supplies (n.d.)............................................
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (d.)..........................................................................
Video and audio goods, including musical instruments, and computer
goods (d.)..........................................................................................
Video and audio goods, including musical instruments (d.).............
Computers, peripherals, and software (d.)........................................
Radio and television repair (s.)................
........
Flowers, seeds, and potted plants (n.d.)...
........
Admissions to specified spectator amusements..................................
Motion picture theaters (s.)..................
........
Legitimate theaters and opera, and entertainments of nonprofit
institutions (except athletics) (s.)...................................................
Spectator sports (s.)22.........................
Clubs and fraternal organizations (s.)23................................................
Commercial participant amusements (s.)24..........................................
Pari-mutuel net receipts (s.).....................
Other (s.)25................................................
Education and research...........................
Higher education (s.)26.........................................................................
Nursery, elementary, and secondary schools (s.)27.............................
Other (s.)28.............................................................................................
124.902
114.593
113.716
138.675
118.012
131.832
131.999 Religious and welfare activities (s.)2
131.579
132.750
132.732 Foreign travel and other, net........................................................
130.812
Foreign travel by U.S. residents (s.)30......................................
143.828
Expenditures abroad by U.S. residents (n.d.).........................
148.738
Less: Expenditures in the United States by nonresidents (s.)3
120.114
Less: Personal remittances in kind to nonresidents (n.d.)......
123.814
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, lino
leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks,
blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse
expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends
paid to policyholders for insurance on personal property (except motor vehicles), and miscellaneous household operation
services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency
centers.
13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and
speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney
dialysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care
centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip
ment rental, medical and diagnostic laboratories, and home health care.
14. 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.
15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance.
16. Consists of premiums less benefits for income loss insurance.
17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders tor privately
administered workers’ compensation.
18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2)
administrative expenses of private noninsured pension plans and publicly administered government employee retirement
plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of
stock companies and services furnished without payment by banks, credit agencies, and investment companies. For
Line
108.392 111.581 114.675 117.659 Personal business..................................................................................
Brokerage charges and investment counseling (s.).............................
111.101 113.822 116.533 121.133
2004
2005
2006
2007
60 109.477 112.013 115.169 118.147
61 92.050 93.043 95.806 98.484
62 111.786 112.253 115.482 116.933
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
107.915
116.288
122.182
117.855
115.176
110.224
120.415
127.160
121.781
118.817
111.828
125.137
131.538
128.047
123.353
112.989
131.171
136.884
134.441
127.395
105.971 113.637 118.878 122.501
106.803
95.842
96.870
95.348
105.704
109.470
123.990
116.816
120.697
119.456
119.456
119.456
87.718
98.440
114.801
83.262
99.605
114.849
96.752
100.683
96.546
108.194
112.796
151.314
125.067
131.153
124.972
124.966
124.991
89.477
99.229
118.882
84.392
103.670
120.074
97.619
101.852
95.963
112.558
116.746
170.343
128.735
130.124
129.200
129.198
129.206
95.154
107.814
127.473
90.153
108.130
123.864
97.214
100.575
94.557
116.372
119.952
184.642
133.006
135.413
131.874
131.871
131.882
96.176
105.652
128.491
91.080
109.757
95.171
94.172
93.282
91.704
103.563 103.152 102.493 103.356
109.003 111.785 113.562 114.756
82.449 78.176 75.286 72.493
94.379 92.314
90 95.108
94.664
91
92
93
94
95
96
97
62.892
78.188
43.556
103.134
106.181
116.791
116.092
56.823
72.719
37.600
103.090
105.939
122.025
119.831
51.054
66.800
32.614
103.487
106.825
126.409
124.025
45.943
59.788
29.599
101.889
108.078
131.940
128.901
98
99
100
101
102
103
104
105
106
107
116.136
117.907
105.984
110.846
109.555
112.932
119.880
125.341
108.429
114.024
113.012
115.573
124.110
129.974
111.870
117.807
116.644
118.670
128.957
136.480
114.927
121.207
120.006
118.821
122.347 129.048 135.529 141.230
124.859 132.058 139.275 145.470
114.977 118.289 122.740 127.414
123.090 131.656 138.263 143.757
108 112.640 116.253 121.062 125.072
109
110
111
112
113
118.924
137.351
108.829
103.736
126.803
145.957
113.572
107.425
132.669
154.563
118.839
109.885
140.788
172.320
123.582
112.069
pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment
companies.
19. 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.
20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor
vehicle insurance.
21. Consists of baggage charges, coastal and inland waterway fares, travel agents’ fees, airport bus fares, and limousine
services.
22. Consists of admissions to professional and amateur athletic events and to racetracks.
23. Consists of current expenditures (including consumption of fixed capital) of nonprofit clubs and fraternal organizations
and dues and fees paid to proprietary clubs.
24. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recre
ational equipment rental, and other commercial participant amusements.
25. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre
ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified.
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, and less expenditures
for research and development financed under contracts or grants. For government institutions, equals student payments of
tuition.
27. 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.
28. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools,
other schools and instruction, and educational support services, and (2) current expenditures (including consumption of
fixed capital) by nonprofit research organizations and by grantmaking foundations for education and research.
29. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organiza
tions, child day care services (excluding educational programs), social advocacy organizations, human rights organizations,
civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residen
tial care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving
services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for
separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users.
30. Beginning with 1981, includes U.S. students' expenditures abroad.
31. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States. Beginning
with 1986, includes migratory worker and foreign professional expenditures in the United States.
Note. Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
August 2008
Personal Income and Outlays
72
Table 2.5.5. Personal Consumption Expenditures by Type of Expenditure
[Billions of dollars]
Line
Personal consumption expenditures.................................
Food purchased for off-premise consumption (n.d.)....................
Purchased meals and beverages (n.d.)1......................................
Food furnished to employees (including military) (n.d.)...............
Food produced and consumed on farms (n.d.)...........................
Tobacco products (n.d.)................................................................
Addenda: Food excluding alcoholic beverages (n.d.)..................
Alcoholic beverages purchased for off-premise
consumption (n.d.)...................................................
Other alcoholic beverages (n.d.)..................................
Clothing, accessories, and jewelry..................................................
Shoes (n.d.)...................................................................................
Clothing and accessories except 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 (s.).............
Jewelry and watches (d.)..............................................................
Other (s.)3......................................................................................
Personal care.........................................................................................
Toilet articles and preparations (n.d.)...........................................
Barbershops, beauty parlors, and health clubs (s.).....................
Housing...................................................................................................
Owner-occupied nonfarm dwellings—space rent (s.)4................
Tenant-occupied nonfarm dwellings—rent (s.)5............................
Rental value of farm dwellings (s.)................................................
Other (s.)6......................................................................................
Household operation............................................................................
Furniture, including mattresses and bedsprings (d.)...................
Kitchen and other household appliances (d.)7 ............................
China, glassware, tableware, and utensils (d.).............................
Other durable house furnishings (d.)8..........................................
Semidurable house furnishings (n.d.)9.........................................
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (n.d).........................
Stationery and writing supplies (n.d.)...........................................
Household utilities.........................................................................
Electricity (s.)............................................................................
Gas (s.)......................................................................................
Water and other sanitary services (s.) ......................................
Fuel oil and coal (n.d.)..............................................................
Telephone and telegraph (s.)........................................................
Domestic service (s.)....................................................................
Other (s.)10....................................................................................
Medical care...........................................................................................
Drug preparations and sundries (n.d.)11.......................................
Ophthalmic products and orthopedic appliances (d.)..................
Physicians (s.)12...........................................................................
Dentists (s.)...................................................................................
Other professional services (s.)13.................................................
Hospitals and nursing homes14....................................................
Hospitals....................................................................................
Nonprofit (s.).........................................................................
Proprietary (s.).....................................................................
Government (s.)....................................................................
Nursing homes (s.)...................................................................
Health insurance...........................................................................
Medical care and hospitalization (s.)15.....................................
Income loss (s.)16......................................................................
Workers’ compensation (s.)17...................................................
2004
2005
2006
1 8,195.9 8,694.1 9,207.2 9,710.2 Personal business........................................................................................
Brokerage charges and investment counseling (s.)..............................
? 1,200.6 1,269.5 1,347.2 1,422.5
3
719.7
762.7
809.8 Bank service charges, trust services, and safe deposit box rental (s.)
677.2
449.2
480.3
504.0 Services furnished without payment by financial intermediaries except
4
424.5
life insurance carriers (s.).................................................................
14.7
5
10.9
11.8
13.8
0.6
0.6 Expense of handling life insurance and pension plans (s.)18..............
0.5
0.5
fi
Legal services (s.).................................................................................
7
93.4
87.5
88.3
89.8
982.3 1,040.8 1,103.4 1,163.8 Funeral and burial expenses (s.)..........................................................
8
Other (s.)19............................................................................................
86.1
93.6
103.3
111.0 Transportation.................
y
50.7
54.4 User-operated transportation...............................................................
44.7
46.9
10
New autos (d.).........
11
464.5
492.6
511.9
441.5
Net purchases of used autos (d.).....................................................
1?
59.2
51.9
54.9
58.1
Other motor vehicles (d.)..................................................................
314.4
13
272.7
286.3
301.8
Tires, tubes, accessories, and other parts (d.).................................
198.4
14
171.2
179.8
190.1
Repair, greasing, washing, parking, storage, rental, and leasing (s.)
111.7
116.0
101.5
106.5
15
Gasoline and oil (n.d.)......................................................................
0.4
0.4
0.4
16
0.3
Bridge, tunnel, ferry, and road tolls (s.).............................................
17.2
17
17.1
15.5
16.1
Insurance (s.)20.................................................................................
18
58.4
62.8
65.5
56.3
55.2 Purchased local transportation.
19
44.7
52.5
48.5
Mass transit systems (s.)...
120.4
106.7
111.9
115.9
20
Taxicab (s.)..........................
68.4
21
64.9
58.3
60.9
Purchased intercity transportation........................................................
48.4
51.0
51.0
52.0
22
Railway (s.)..........................
23 1,226.8 1,298.7 1,388.7 1,460.9
Bus (s.)..............................................................................................
24
951.4 1,020.2 1,063.3
898.0
Airline (s.)..........................................................................................
299.1
262.9
277.2
2b
251.8
Other (s.)21........................................................................................
15.2
13.7
14.6
26
13.0
76.7
27
64.0
70.8
83.3 Recreation
Books and maps (d.).............................................................................
28
922.2
822.4
875.3
959.5
Magazines, newspapers, and sheet music (n.d.).................................
2y
79.4
85.0 Nondurable toys and sport supplies (n.d.)............................................
75.3
83.3
39.2 Wheel goods, sports and photographic equipment, boats, and
34.7
36.8
38.6
30
36.4
39.2
40.7
31
34.8
pleasure aircraft (d.).........................................................................
89.7 Video and audio goods, including musical instruments, and computer
32
88.3
77.6
82.3
41.1
33
43.3
45.6
46.8
goods (d.)..........................................................................................
Video and audio goods, including musical instruments (d.)............
81.7
34
84.3
72.8
76.9
Computers, peripherals, and software (d.).......................................
20.7
21.9 Radio and television repair (s.).............................................................
35
18.8
19.5
300.8
318.0 Flowers, seeds, and potted plants (n.d.)..............................................
3b
254.3
283.3
120.1
37
133.4
146.1
153.8 Admissions to specified spectator amusements..................................
38
55.3
64.9
63.5
65.0
Motion picture theaters (s.)...............................................................
68.8
72.9
3y
60.6
64.0
Legitimate theaters and opera, and entertainments of nonprofit
22.4
21.0
26.3
40
18.3
institutions (except athletics) (s.)..................................................
141.7
41
133.0
133.0
135.8
Spectator sports (s.)22......................................................................
22.4 Clubs and fraternal organizations (s.)23...............................................
21.2
42
19.5
19.9
43
60.4
64.4
67.1
69.9 Commercial participant amusements (s.)24..........................................
44 1,670.2 1,781.0 1,888.4 2,008.0
Pari-mutuel net receipts (s.).................................................................
251.4
287.1
298.7 Other (s.)25............................................................................................
45
265.3
23.4
24.4
25.6
28.3
46
362.3
387.5 Education and research
47
322.0
344.0
80.2
91.1
95.8 Higher education (s.)26..........................................................................
48
85.0
49
217.1
230.8
242.3
261.5 Nursery, elementary, and secondary schools (s.)27..............................
Other (s.)28............................................................................................
50
646.8
690.2
733.3
783.1
542.2
580.0
618.1
661.5 Religious and welfare activities (s.)29......................................................
51
411.9
358.2
384.9
441.7
b2
86.2
67.4
73.4
80.3
53
121.7
54
116.6
125.9
133.6 Foreign travel and other, net......................................................................
110.2
115.2
121.5 Foreign travel by U.S. residents (s.)30...................................................
5b
104.6
146.7
153.2 Expenditures abroad by U.S. residents (n.d.).......................................
56
129.5
141.3
121.2
127.3 Less: Expenditures in the United States by nonresidents (s.)31..........
5/
109.9
117.6
2.4
2.8
3.0 Less: Personal remittances in kind to nonresidents (n.d.)...................
58
2.6
17.2
22.7
22.9
5y
21.0
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, lino
leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks,
blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse
expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends
paid to policyholders for insurance on personal property (except motor vehicles), and miscellaneous household operation
services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency
centers.
13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and
speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney
dialysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care
centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip
ment rental, medical and diagnostic laboratories, and home health care.
14. 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.
15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance.
16. Consists of premiums less benefits for income loss insurance.
17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately
administered workers’ compensation.
18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2)
administrative expenses of private noninsured pension plans and publicly administered government employee retirement
plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of
stock companies and services furnished without payment by banks, credit agencies, and investment companies. For
pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment
Line
2007
2004
2005
2006
2007
60
61
62
610.9
646.0
680.9
741.0
86.4
88.5
91.7
99.0
102.3
107.1
114.5
115.9
63
64
65
bb
b/
68
69
/O
/1
196.4
99.4
82.0
15.6
42.6
201.1
106.8
86.1
16.2
45.1
205.2
110.7
91.9
16.0
47.7
227.6
117.7
97.7
16.2
51.3
12
/3
14
!b
/6
//
/H
/y
80
81
8?
83
84
85
86
H/
RR
89
976.5 1,051.0 1,089.0 1,138.0
917.5
97.7
54.3
230.5
54.4
189.5
231.4
6.0
53.7
13.8
10.2
3.6
45.2
0.6
2.3
33.3
9.1
989.6 1,024.6 1,072.0
103.1
106.5 102.0
57.2
57.9
56.5
225.1 209.0 219.1
57.7
60.6
62.8
198.6 212.7 224.2
283.6 313.8 340.6
6.5
7.4
7.0
57.8
57.2
59.4
15.7
14.6
16.4
10.7
11.9
11.4
3.9
4.3
4.5
48.7
49.7
46.8
0.7
0.6
0.6
2.2
2.2
2.0
34.4
35.9
36.7
9.7
9.9
10.3
707.8
745.3
796.7
841.0
40.4
39.4
63.3
41.8
42.1
66.2
44.0
45.4
70.6
46.3
48.6
74.3
90
71.3
75.7
82.2
87.0
91
9?
93
94
95
96
97
133.3
81.7
51.6
4.6
18.3
37.6
9.9
142.4
86.8
55.5
4.6
19.3
38.4
9.1
154.1
95.0
59.1
4.8
20.3
41.2
9.4
160.8
97.5
63.3
5.0
20.6
43.6
9.7
9R
99
100
101
102
103
104
105
106
107
12.5
15.3
22.3
100.9
5.7
170.8
13.2
16.1
23.2
107.1
6.2
178.3
14.3
17.4
25.6
114.6
6.0
188.0
15.5
18.5
26.3
120.0
6.3
202.3
212.8
226.3
240.9
257.3
118.9
42.3
51.5
127.0
44.3
55.1
134.7
46.5
59.7
143.0
49.5
64.8
10R
219.0
224.5
240.6
252.7
109
110
111
112
113
0.8
0.1
3.9
-2.9
92.5
7.0
96.8
2.0
99.9
7.3
104.9
2.3
108.7
8.0
110.0
2.7
113.6
9.1
122.6
3.1
companies.
19. 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.
20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor
vehicle insurance.
21. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, airport bus fares, and limousine
services.
22. Consists of admissions to professional and amateur athletic events and to racetracks.
23. Consists of current expenditures (including consumption of fixed capital) of nonprofit clubs and fraternal organizations
and dues and fees paid to proprietary clubs.
24. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recre
ational equipment rental, and other commercial participant amusements.
25. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre
ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified.
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, and less expenditures
for research and development financed under contracts or grants. For government institutions, equals student payments of
tuition.
27. 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.
28. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools,
other schools and instruction, and educational support services, and (2) current expenditures (including consumption of
fixed capital) by nonprofit research organizations and by grantmaking foundations for education and research.
29. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organiza
tions, child day care services (excluding educational programs), social advocacy organizations, human rights organizations,
civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residen
tial care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving
services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for
separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users.
30. Beginning with 1981, includes U.S. students’ expenditures abroad; these expenditures were $0.3 billion in 1981.
31. 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. Beginning with 1986, includes migratory
worker and foreign professional expenditures in the United States; migratory worker expenditures were $1.0 billion and
foreign professional expenditures were $0.1 billion in 1986.
Note. Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
August 2008
73
S u r v e y o f C u r r e n t B u s in e s s
Table 2.5.6. Real Personal Consumption Expenditures by Type of Expenditure, Chained Dollars
[B n o ch in d(2 0 ) d lla ]
illio s f a e 0 0 o rs
Line
Personal consumption expenditures......................................
Food and tobacco......................................................................................
Food purchased for off-premise consumption (n.d.).........................
Purchased meals and beverages (n.d.)1...........................................
Food furnished to employees (including military) (n.d.)....................
Food produced and consumed on farms (n.d.)................................
Tobacco products (n.d.).....................................................................
Addenda: Food excluding alcoholic beverages (n.d.).......................
Alcoholic beverages purchased for off-premise
consumption (n.d.)........................................................
Other alcoholic beverages (n.d.).......................................
Clothing, accessories, and jewelry........................................................
Shoes (n.d.)........................................................................................
Clothing and accessories except 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 (s.)..................
Jewelry and watches (d.)...................................................................
Other (s.)3............................................................
Personal care.............................................................
Toilet articles and preparations (n.d.).................
Barbershops, beauty parlors, and health clubs (s.)..........................
H ousing.......................................................................
Owner-occupied nonfarm dwellings—space rent (s.)4.....................
Tenant-occupied nonfarm dwellings—rent (s.)5................................
Rental value of farm dwellings (s.).......................
Other (s.)6...........................................................................................
Household operation.................................................................................
Furniture, including mattresses and bedsprings (d.)........................
Kitchen and other household appliances (d.)7.................................
China, glassware, tableware, and utensils (d.).................................
Other durable house furnishings (d.)8...............................................
Semidurable house furnishings (n.d.)9..............................................
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.).........................................................................
Medical care.........................
Drug preparations and sundries (n.d.)"...........................................
Ophthalmic products and orthopedic appliances (d.).......................
Physicians (s.)12................................................................................
Dentists (s.).......................................................................................
......
Other professional services (s.)13
Hospitals and nursing homes14...
......
Hospitals..................................
......
Nonprofit (s.).......................
......
Proprietary (s.)..........................................................................
Government (s.).........................................................................
Nursing homes (s.)........................................................................
Health insurance................................................................................
Medical care and hospitalization (s.)15.........................................
Income loss (s.)16..........................................................................
Workers’ compensation (s.)17........................................................
2004
2005
2006
2007
1 7,561.4 7,791.7 8,029.0 8,252.8 Personal business........................................................................................
Brokerage charges and investment counseling (s.).............................
? 1,080.7 1,115.3 1,156.1 1,174.3
3
618.4
646.3
673.1
688.3 Bank service charges, trust services, and safe deposit box rental (s.)
Services furnished without payment by financial intermediaries except
4
380.7
390.7
405.0
409.9
life insurance carriers (s.).................................................................
5
10.4
9.9
11.7
12.1
0.4 Expense of handling life insurance and pension plans (s.)18..............
6
0.4
0.4
0.5
Legal services (s.)................................................................................
7
72.3
69.3
68.2
66.5
8
891.1
956.4
971.5 Funeral and burial expenses (s.)..........................................................
923.1
Other (s.)19............................................................................................
9
79.2
85.1
92.8
97.1 Transportation...............................................................................................
10
39.2
39.7
41.2
42.4 User-operated transportation...............................................................
New autos (d.).........................
11
463.2
515.7
489.0
533.0
Net purchases of used autos (d.).....................................................
12
55.4
58.2
53.9
59.8
Other motor vehicles (d.).........
13
316.8
353.0
296.5
336.1
Tires, tubes, accessories, and other parts (d.).................................
14
184.4
197.6
209.1
219.2
Repair, greasing, washing, parking, storage, rental, and leasing (s.)
112.1
15
127.0
119.1
133.9
Gasoline and oil (n.d.)......................................................................
16
0.4
0.4
0.3
0.4
Bridge, tunnel, ferry, and road tolls (s.).............................................
17
14.1
13.7
13.8
13.8
Insurance (s.)20................................................................................
18
59.5
62.7
65.9
65.4
19
39.4
40.9
42.4
42.9 Purchased local transportation.............................................................
Mass transit systems (s.)..................................................................
105.4
20
102.0
109.0
107.3
Taxicab (s.)..................
60.8
21
58.3
64.3
66.8
Purchased intercity transportation........................................................
22
43.6
44.5
43.4
42.8
Railway (s.)..................
23 1,083.8 1,118.4 1,154.6 1,171.7
Bus (s.)........................
24
851.7
858.7
793.9
821.9
Airline (s.)....................
2b
223.6
227.7
235.7
220.6
Other (s.)21.......................................................................................
W 11.0 10.9 10.9 10.9 Recreation......................................................................................................
27
62.4
58.6
64.8
66.9
Books and maps (d.)............................................................................
28
800.3
824.1
844.1
868.1
Magazines, newspapers, and sheet music (n.d.)................................
84.7
90.7 Nondurable toys and sport supplies (n.d.)............................................
29
79.5
88.1
30
39.2
38.0
40.2
39.6 Wheel goods, sports and photographic equipment, boats, and
48.2
40.8
31
38.8
45.6
pleasure aircraft (d.).........................................................................
85.2
32
90.6
100.1
104.6 Video and audio goods, including musical instruments, and computer
33
49.1
53.0
59.9
66.1
goods (d.)..........................................................................................
Video and audio goods, including musical instruments (d.)............
34
70.5
73.0
75.6
74.5
35
19.7
20.5
22.3 Radio and television repair (s.).............................................................
21.5
36
215.5
217.9
213.6
218.5 Flowers, seeds, and potted plants (n.d.)...............................................
113.2
3/
108.0
110.6
112.0 Admissions to specified spectator amusements...................................
38
41.3
40.3
38.5
39.8
Motion picture theaters (s.)...............................................................
39
51.8
52.1
53.4
53.8
Legitimate theaters and opera, and entertainments of nonprofit
12.4
13.7
40
14.6
13.2
institutions (except athletics) (s.)..................................................
41
139.7
140.8
142.7
146.0
Spectator sports (s.)23......................................................................
42
17.3
17.1
17.5
17.9 Clubs and fraternal organizations (s.)24...............................................
52.8
43
51.3
53.0
53.9 Commercial participant amusements (s.)25..........................................
44 1,457.0 1,503.8 1,546.4 1,591.8 Pari-mutuel net receipts (s.)..................................................................
45
218.3
223.9
233.1
239.1 Other (s.)26...........................................................................................
22.4
22.0
24.7
46
22.8
47
302.2
331.4
340.7 Education and research..............................................................................
317.5
69 1
48
67 5
67 8
69 1 Higher education (s.)27.........................................................................
49
210.4
196.6
204.3
221.6 Nursery, elementary, and secondary schools (s.)28.............................
50
549.8
564.0
576.2
594.0 Other (s.)29...........................................................................................
51
473.7
461.1
484.6
501.2 Religious and welfare activities (s.)30......................................................
52
305.7
335.7
315.0
323.9
53
57.0
59.7
62.6
64.9 Foreign travel and other, net......................................................................
b4
98.5
99.1
98.2
100.7 Foreign travel by U.S. residents (s.)31...................................................
bb
88.8
90.5
91.8
92.9 Expenditures abroad by U.S. residents (n.d.)......................................
56
101.9
105.9
106.3
106.5 Less: Expenditures in the United States by nonresidents (s.)32..........
84.7
b/
81.8
84.7
85.6 Less: Personal remittances in kind to nonresidents (n.d.)...................
2.1
2.4
58
2.3
2.5 Residual....................................................................................................
17.9
19.4
59
19.0
18.5
1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments,
hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and
beverages consumed both on- and off-premise.
2. Includes luggage.
3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services.
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, lino
leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks, blinds,
shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse expenses,
postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends paid to policy
holders for insurance on personal property (except motor vehicles), and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency centers.
13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and
speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney dial
ysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care
centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip
ment rental, medical and diagnostic laboratories, and home health care.
14. 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.
15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance.
16. Consists of premiums less benefits for income loss insurance.
17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately
administered workers’ compensation.
18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2)
administrative expenses of private noninsured pension plans and publicly administered government employee retirement
plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of
stock companies and services furnished without payment by banks, credit agencies, and investment companies. For pension
and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment companies.
19. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations,
employment agency fees, money order fees, spending for classified advertisements, tax return preparation services, and
Line
2004
2005
2006
2007
60
61
62
558.1
576.7
591.2
627.2
93.9
79.2
98.6
88.2
106.8
92.8
116.3
99.1
63
64
65
bb
b/
68
69
70
/1
72
/3
/4
/b
/6
182.0
85.5
67.1
13.2
37.0
182.5
88.7
67.7
13.3
37.9
183.5
88.5
69.9
12.5
38.6
201.5
89.7
71.4
12.0
40.3
921.5
924.9
916.1
929.0
859.0
101.9
56.1
241.8
51.4
173.1
186.7
5.1
44.5
11.6
8.5
3.1
51.5
0.6
2.0
39.9
9.2
861.7
106.6
56.8
233.1
53.4
176.0
187.4
5.2
44.1
11.7
8.5
3.2
52.3
0.6
1.8
40.7
9.3
853.3
109.1
56.8
217.8
53.9
182.2
184.2
5.4
43.9
12.2
8.9
3.3
51.1
0.6
1.7
39.8
9.2
865.4
105.0
56.1
231.7
54.0
186.9
184.5
5.5
43.9
12.4
9.0
3.4
51.6
0.7
1.6
40.3
9.3
743.7
791.4
854.1
917.0
39.0
36.1
76.8
40.5
37.7
84.7
42.9
40.0
93.8
44.8
42.3
102.5
a
/8
/9
80
81
8?
83
84
85
86
8/
88
89
90
75.0
80.0
87.1
94.2
91
92
93
94
95
96
97
211.9
104.5
250.6
119.4
301.8
142.1
350.0
163.0
4.4
17.3
32.2
8.5
4.4
18.2
31.4
7.6
4.6
19.0
32.6
7.6
4.9
19.0
33.1
7.5
98
99
100
101
10?
103
104
105
106
107
108
10.8
12.9
21.0
91.0
5.2
151.2
11.0
12.8
21.4
94.0
5.5
154.3
11.6
13.4
22.9
97.3
5.1
158.4
12.0
13.5
22.9
99.0
5.2
170.3
173.9
175.4
177.8
182.2
95.3
36.8
41.9
96.1
37.4
41.9
96.7
37.9
43.2
98.3
38.8
45.1
194.4
193.1
198.7
202.1
109
-7.9
-10.7
-8.0
-15.9
111
11?
113
114
77.8
5.1
88.9
1.9
-47.4
nn
80.7
78.8
81.9
5.0
5.3
5.1
92.3
99.2
92.6
2.7
2.1
2.4
-77.6 -122.2 -167.4
oth e r personal business services.
20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor
vehicle insurance.
21. Consists of baggage charges, coastal and inland waterway fares, travel agents’ fees, airport bus fares, and limousine
services.
22. The quantity index for computers can be used to accurately measure the real growth rate of this component. However,
because computers 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.
23. Consists of admissions to professional and amateur athletic events and to racetracks.
24. Consists of current expenditures (including consumption of fixed capital) of nonprofit clubs and fraternal organizations
and dues and fees paid to proprietary clubs.
25. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recreational
equipment rental, and other commercial participant amusements.
26. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre
ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified.
27. For private institutions, equals current expenditures (including consumption of fixed capital) less receipts—such as
those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and less expenditures
for research and development financed under contracts or grants. For government institutions, equals student payments of
tuition.
28. 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 activi
ties.
29. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools,
other schools and instruction, and educational support services, and (2) current expenditures (including consumption of fixed
capital) by nonprofit research organizations and by grantmaking foundations for education and research.
30. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organiza
tions, child day care services (excluding educational programs), social advocacy organizations, human rights organizations,
civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residential
care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving services.
The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in
consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations
for education and research. For proprietary and government institutions, equals receipts from users.
31. Beginning with 1981, includes U.S. students’ expenditures abroad.
32. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States. Beginning
with 1986, includes migratory worker and foreign professional expenditures in the United States.
Note. Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
74
August 2008
Personal Income and Outlays
Table 2.6. Personal Income and Its Disposition, Monthly— Continues
[Billions of dollars; months seasonally adjusted at annual rates]
2004
Line
January
Personal income.................................................................................................
Compensation of employees, received......................................................
Wage and salary disbursements...........................................................
Private industries......
Government........................................................................................
Supplements to wages and salaries......................................................
Proprietors’ income with inventory valuation and capital consumption
adjustments............................................................................................
Farm.......................................................................................................
Nonfarm..................................................................................................
Rental income of persons with capital consumption adjustment..............
Personal income receipts on assets..........................................................
Personal interest income........................................................................
Personal dividend income........
Personal current transfer receipts..
Government social benefits to persons.................................................
Old-age, survivors, disability, and health insurance benefits............
Government unemployment insurance benefits................................
Other..................................................................................................
Other current transfer receipts, from business (net)..............................
Less: Contributions for government social insurance................................
Less: Personal current taxes............................................................................
Equals: Disposable personal income............................................................
Less: Personal outlays.....................
Personal consumption expenditures..........................................................
Personal interest payments 1.......
Personal current transfer payments
Equals: Personal saving..................
Personal saving as a percentage of disposable personal incom e....
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2...............................................
Per capita:
Current dollars....................................................................................
Chained (2000) dollars......................................................................
Population (midperiod, thousands)3.........................................................
February
March
April
May
June
July
August
September October
November December
1
2
3
4
5
6
9,434.4
9,486.6
9,527.3
9,575.8
9,641.1
9,671.9
9,720.2
9,789.2
9,803.5
9,886.7
9,917.8
10,272.0
6,484.3
5,240.9
4,313.5
927.4
1,243.4
6,512.4
5,263.9
4,332.9
930.9
1,248.5
6,530.6
5,277.8
4,341.4
936.4
1,252.7
6,579.6
5,319.4
4,375.2
944.2
1,260.2
6,629.9
5,362.2
4,421.4
940.8
1,267.8
6,644.9
5,372.0
4,430.2
941.8
1,272.9
6,698.0
5,417.7
4,473.5
944.2
1,280.3
6,733.5
5,446.3
4,499.7
946.7
1,287.2
6,772.7
5,479.5
4,531.2
948.2
1,293.2
6,810.7
5,510.3
4,559.5
950.9
1,300.3
6,815.2
5,509.8
4,557.1
952.6
1,305.4
6,845.1
5,534.3
4,581.1
953.2
1,310.8
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
858.9
38.8
820.1
145.7
1,356.0
894.1
461.9
1,397.2
1,370.9
769.9
44.9
556.2
26.3
807.8
876.9
40.6
836.3
140.7
1,359.5
887.6
471.9
1,408.5
1,383.6
778.4
43.3
562.0
24.9
811.4
902.2
41.4
860.8
134.8
1,363.9
882.4
481.5
1,408.9
1,384.8
779.2
39.6
566.1
24.1
813.2
900.1
40.4
859.7
129.7
1,372.7
883.4
489.3
1,411.8
1,388.5
781.3
34.9
572.3
23.3
818.2
909.8
39.7
870.1
125.7
1,383.8
885.5
498.4
1,416.4
1,393.7
783.2
36.7
573.9
22.7
824.6
916.2
38.7
877.5
122.6
1,396.5
888.7
507.8
1,417.7
1,395.6
785.2
35.4
574.9
22.1
826.0
916.5
35.0
881.5
124.0
1,408.9
891.8
517.1
1,404.8
1,383.3
781.2
33.0
569.0
21.6
832.0
915.2
32.6
882.6
116.0
1,420.1
894.0
526.1
1,440.4
1,404.2
796.8
35.7
571.8
36.2
836.0
910.5
31.4
879.1
76.4
1,431.5
896.4
535.1
1,452.8
1,401.1
793.1
32.0
576.0
51.7
840.3
937.1
37.1
899.9
107.4
1,446.0
900.7
545.3
1,430.0
1,409.0
797.8
32.4
578.8
21.0
844.4
943.8
36.8
907.0
101.5
1,463.9
911.1
552.8
1,437.8
1,416.7
802.5
33.3
580.8
21.2
844.5
952.5
35.5
917.0
96.1
1,782.4
925.2
857.3
1,443.6
1,421.6
808.1
30.8
582.7
22.0
847.6
1,005.6
8,428.8
8,265.1
1,008.5
8,478.1
8,287.8
1,010.2
8,517.1
8,345.7
1,016.4
8,559.3
8,373.8
1,025.6
8,615.5
8,478.3
1,031.3
8,640.6
8,446.6
1,050.3
8,669.8
8,518.1
1,061.7
8,727.4
8,535.6
1,074.2
8,729.4
8,607.4
1,082.6
8,804.1
8,667.7
1,089.3
8,828.6
8,706.4
1,100.1
9,171.9
8,757.7
7,975.3
181.6
108.3
7,998.3
180.5
109.1
8,056.7
179.1
109.8
8,079.9
182.8
111.2
8,180.2
186.2
111.8
8,144.7
189.4
112.5
8,213.0
192.1
113.0
8,227.0
195.0
113.6
8,295.3
198.0
114.1
8,353.3
201.0
113.3
8,389.0
203.6
113.8
8,437.7
205.8
114.2
163.7
1.9
190.2
2.2
171.4
2.0
185.5
2.2
137.2
1.6
193.9
2.2
151.8
1.8
191.8
2.2
122.0
1.4
136.4
1.5
122.1
1.4
414.1
4.5
29
7,892.6
7,910.1
7,923.3
7,945.7
7,959.3
7,960.3
7,982.6
8,030.5
8,023.4
8,051.5
8,055.4
8,369.1
30
31
32
28,825
26,991
292,414
28,975
27,034
292,596
29,088
27,060
292,804
29,210
27,116
293,029
29,379
27,141
293,253
29,441
27,123
293,488
29,516
27,176
293,737
29,686
27,316
293,990
29,667
27,268
294,246
29,896
27,340
294,493
29,955
27,332
294,725
31,096
28,375
294,949
July
August
See the footnotes at the end of the table.
2005
Line
January
Personal income..................................................................................................
Compensation of employees, received......................................................
Wage and salary disbursements...........................................................
Private industries..................
Government..........................
Supplements to wages and salaries......................................................
Proprietors’ income with inventory valuation and capital consumption
adjustments............................................................................................
Farm.......................................................................................................
Nonfarm..................................................................................................
Rental income of persons with capital consumption adjustment..............
Personal income receipts on assets..........................................................
Personal interest income..........
Personal dividend income.
Personal current transfer receipts..
.....................................
Government social benefits to persons.................................................
Old-age, survivors, disability, and health insurance benefits............
Government unemployment insurance benefits................................
Other..................................................................................................
Other current transfer receipts, from business (net)..............................
Less: Contributions for government social insurance................................
Less: Personal current taxes...................................
Equals: Disposable personal income............................................................
Less: Personal outlays.......................................................................................
Personal consumption expenditures..........................................................
Personal interest payments 1 .....
Personal current transfer payments...........................................................
Equals: Personal saving...................................................................................
Personal saving as a percentage of disposable personal incom e....
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2...............................................
Per capita:
Current dollars....................................................................................
Chained (2000) dollars......................................................................
Population (midperiod, thousands)3.........................................................
See the footnotes at the end of the table.
February
March
April
May
June
September October
November December
1
2
3
4
5
6
10,008.4
10,048.2
10,076.8
10,136.9
10,177.9
10,238.3
10,326.4
10,092.7
10,448.2
10,500.5
10,555.7
10,626.9
6,874.8
5,548.3
4,579.6
968.7
1,326.5
6,886.4
5,554.7
4,583.7
971.0
1,331.7
6,892.1
5,556.2
4,584.1
972.1
1,335.9
6,931.9
5,590.7
4,617.2
973.5
1,341.2
6,951.6
5,605.8
4,631.5
974.4
1,345.8
6,988.8
5,637.9
4,663.7
974.2
1,351.0
7,062.4
5,702.4
4,721.7
980.7
1,360.0
7,088.6
5,724.0
4,739.5
984.5
1,364.6
7,119.6
5,750.3
4,761.1
989.2
1,369.3
7,139.9
5,768.5
4,778.2
990.4
1,371.3
7,163.5
5,789.4
4,795.7
993,7
1,374.1
7,209.7
5,831.7
4,834.9
996.8
1,378.0
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
932.1
33.1
899.0
94.4
1,500.2
948.1
552.1
1,466.2
1,440.9
819.0
32.0
589.9
25.2
859.2
935.0
32.9
902.1
90.5
1,513.3
963.8
549.6
1,482.6
1,456.1
831.4
31.7
593.1
26.5
859.7
941.7
33.7
907.9
85.4
1,527.2
977.1
550.1
1,490.4
1,463.0
832.5
31.8
598.7
27.3
859.9
941.0
37.6
903.5
78.2
1,544.9
990.1
554.8
1,505.0
1,477.3
839.5
30.5
607.3
27.7
864.2
945.6
38.5
907.0
72.1
1,564.3
1,005.6
558.7
1,510.5
1,482.4
840.8
32.0
609.6
28.1
866.1
957.7
38.8
918.9
66.3
1,584.8
1,021.0
563.7
1,511.0
1,482.6
845.0
30.9
606.7
28.4
870.3
977.1
39.7
937.5
61.1
1,600.5
1,029.9
570.6
1,503.7
1,474.9
846.6
30.4
597.9
28.7
878.4
912.4
35.9
876.5
-280.5
1,616.7
1,038.2
578.5
1,636.6
1,495.5
850.8
31.7
613.0
141.1
881.0
991.7
35.8
955.9
48.6
1,633.6
1,046.0
587.6
1,538.5
1,501.5
851.8
30.0
619.7
37.1
883.9
989.4
31.0
958.4
52.8
1,663.9
1,065.5
598.4
1,540.9
1,501.2
855.0
33.6
612.5
39.7
886.4
994.0
27.8
966.2
60.7
1,692.4
1,082.0
610.4
1,533.5
1,505.2
855.7
31.2
618.3
28.3
888.5
1,000.0
24.4
975.6
60.5
1,720.6
1,096.8
623.9
1,529.6
1,502.2
865.5
30.0
606.6
27.4
893.5
1,157.0
8,851.4
8,771.5
1,163.8
8,884.4
8,816.6
1,170.6
8,906.3
8,836.3
1,183.8
8,953.0
8,924.2
1,192.0
8,985.9
8,905.0
1,202.2
9,036.2
9,008.4
1,213.5
9,112.9
9,101.9
1,221.6
8,871.1
9,113.1
1,231.7
9,216.5
9,174.4
1,242.1
9,258.4
9,217.8
1,251.4
9,304.3
9,219.3
1,264.0
9,363.0
9,265.5
8,444.6
206.2
120.7
8,489.5
206.7
120.4
8,508.6
207.4
120.3
8,592.9
211.6
119.7
8,569.8
215.4
119.9
8,669.6
218.8
120.0
8,763.5
218.8
119.5
8,774.5
218.9
119.7
8,835.2
219.3
119.9
8,877.6
219.0
121.2
8,878.9
218.9
121.5
8,924.6
219.0
121.8
79.9
0.9
67.7
0.8
70.0
0.8
28.8
0.3
80.8
0.9
27.8
0.3
11.0
0.1
-242.0
-2.7
42.1
0.5
40.6
0.4
85.0
0.9
97.5
1.0
29
8,053.9
8,064.9
8,062.5
8,077.2
8,107.0
8,145.9
8,177.2
7,923.6
8,150.5
8,173.1
8,235.0
8,287.3
30
31
32
29,989
27,287
295,154
30,082
27,307
295,340
30,136
27,281
295,532
30,273
27,312
295,741
30,362
27,392
295,963
30,507
27,501
296,204
30,739
27,583
296,456
29,897
26,704
296,717
31,034
27,444
296,984
31,148
27,497
297,235
31,279
27,684
297,465
31,453
27,839
297,686
August 2008
75
S u r v e y o f C u r r e n t B u s in e s s
Table 2.6. Personal Income and Its Disposition, Monthly—Continues
[Billions of dollars; months seasonally adjusted at annual rates]
2006
Line
January
Personal income.................................................................................................
Compensation of employees, received......................................................
Wage and salary disbursements...........................................................
Private industries...............................................................................
Government.......................................................................................
Supplements to wages and salaries......................................................
Proprietors’ income with inventory valuation and capital consumption
adjustments............................................................................................
Farm.......................................................................................................
Nonfarm..................................................................................................
Rental income of persons with capital consumption adjustment..............
Personal income receipts on assets..........................................................
Personal interest income.......................................................................
Personal dividend income.....................................................................
Personal current transfer receipts..............................................................
Government social benefits to persons.................................................
Old-age, survivors, disability, and health insurance benefits............
Government unemployment insurance benefits................................
Other..................................................................................................
Other current transfer receipts, from business (net)..............................
Less: Contributions for government social insurance................................
Less: Personal current taxes...........................................................................
Equals: Disposable personal income............................................................
Less: Personal outlays...............
Personal consumption expenditures..........................................................
Personal interest payments '...
Personal current transfer payments...........................................................
Equals: Personal saving...................................................................................
Personal saving as a percentage of disposable personal incom e....
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2...............................................
Per capita:
Current dollars...................................................................................
Chained (2000) dollars......................................................................
Population (midperiod, thousands)3.........................................................
February
March
April
May
June
July
August
September October
November December
1
2
3
4
5
6
10,740.1
10,784.8
10,819.8
10,882.0
10,899.0
10,958.5
11,002.3
11,054.9
11,111.2
11,156.9
11,208.9
11,308.3
7,305.8
5,917.7
4,912.4
1,005.2
1,388.2
7,347.8
5,955.5
4,947.4
1,008.1
1,392.3
7,360.4
5,966.1
4,956.3
1,009.9
1,394.3
7,381.1
5,983.2
4,971.6
1,011.7
1,397.8
7,344.0
5,947.4
4,934.1
1,013.4
1,396.6
7,367.5
5,967.8
4,953.3
1,014.5
1,399.7
7,408.3
6,004.9
4,982.7
1,022.2
1,403.4
7,433.9
6,026.8
4,998.0
1,028.7
1,407.1
7,483.7
6,070.9
5,033.8
1,037.1
1,412.7
7,536.1
6,117.9
5,078.5
1,039.3
1,418.3
7,577.5
6,154.3
5,112.4
1,041.8
1,423.2
7,644.8
6,214.6
5,170.1
1,044.5
1,430.2
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1,002.0
20.3
981.7
56.1
1,726.2
1,088.5
637.7
1,562.9
1,537.5
904.5
30.3
602.7
25.4
913.0
1,003.7
17.1
986.5
52.1
1,735.1
1,084.9
650.2
1,564.7
1,540.2
914.0
29.4
596.8
24.6
918.6
1,008.5
14.3
994.1
50.3
1,745.0
1,082.3
662.7
1,575.3
1,551.4
923.4
29.3
598.7
23.9
919.7
1,015.5
10.6
1,004.8
48.6
1,778.0
1,103.4
674.5
1,580.7
1,557.0
926.8
30.1
600.1
23.7
921.8
1,019.5
9.4
1,010.1
46.1
1,809.4
1,123.3
686.0
1,596.5
1,572.7
935.4
29.6
607.7
23.7
916.4
1,019.8
9.5
1,010.3
42.3
1,841.1
1,143.4
697.7
1,606.2
1,582.4
942.6
29.0
610.8
23.8
918.4
1,009.5
11.6
997.9
40.7
1,852.9
1,144.5
708.4
1,613.8
1,589.6
941.6
30.7
617.3
24.2
923.0
1,016.1
13.6
1,002.5
40.0
1,865.8
1,147.3
718.5
1,624.0
1,599.3
948.3
29.9
621.1
24.7
924.8
1,014.6
16.2
998.4
40.5
1,878.6
1,150.8
727.8
1,622.5
1,597.3
952.3
29.7
615.3
25.2
928.7
1,013.6
19.6
994.0
39.2
1,886.3
1,150.3
736.0
1,617.0
1,591.2
951.6
30.8
608.7
25.8
935.4
1,021.1
23.5
997.6
38.6
1,889.4
1,146.0
743.5
1,621.4
1,594.9
955.0
29.3
610.6
26.6
939.1
1,032.6
28.1
1,004.6
36.8
1,890.0
1,140.5
749.5
1,651.0
1,623.4
971.0
31.0
621.4
27.6
946.9
1,304.0
9,436.0
9,332.6
1,317.0
9,467.8
9,380.3
1,326.9
9,493.0
9,400.6
1,339.4
9,542.6
9,477.9
1,339.1
9,559.9
9,521.5
1,344.6
9,613.9
9,554.5
1,348.3
9,653.9
9,639.1
1,353.8
9,701.1
9,658.6
1,366.6
9,744.6
9,657.6
1,381.2
9,775.7
9,696.3
1,397.9
9,811.1
9,712.7
1,419.6
9,888.7
9,808.0
8,990.5
221.5
120.7
9,035.3
223.9
121.1
9,053.1
226.1
121.4
9,123.0
227.7
127.2
9,165.3
228.7
127.6
9,197.4
229.2
128.0
9,276.9
233.6
128.5
9,290.8
238.9
129.0
9,283.3
244.9
129.4
9,317.2
247.6
131.4
9,330.6
250.2
131.9
9,423.1
252.5
132.4
103.4
1.1
87.5
0.9
92.3
1.0
64.7
0.7
38.4
0.4
59.3
0.6
14.9
0.2
42.6
0.4
87.0
0.9
79.4
0.8
98.4
1.0
80.7
0.8
29
8,313.7
8,340.0
8,348.9
8,357.3
8,348.9
8,375.1
8,379.5
8,392.7
8,449.1
8,499.7
8,522.7
8,556.1
30
31
32
31,675
27,908
297,897
31,761
27,977
298,098
31,823
27,988
298,306
31,965
27,995
298,530
31,998
27,944
298,768
32,151
28,008
299,025
32,256
27,998
299,292
32,384
28,016
299,566
32,499
28,178
299,847
32,573
28,322
300,111
32,665
28,376
300,354
32,898
28,465
300,588
March
April
See the footnotes at the end ot the table.
2007
Line
January
Personal income.................................................................................................
Compensation of employees, received......................................................
Wage and salary disbursements...........................................................
Private industries............
Government....................
Supplements to wages and salaries......................................................
Proprietors’ income with inventory valuation and capital consumption
adjustments............................................................................................
Farm.......................................................................................................
Nonfarm..................................................................................................
Rental income of persons with capital consumption adjustment..............
Personal income receipts on assets..........................................................
Personal interest income.......................................................................
Personal dividend income.....................................................................
Personal current transfer receipts..............................................................
Government social benefits to persons.................................................
Old-age, survivors, disability, and health insurance benefits............
Government unemployment insurance benefits................................
Other..................................................................................................
Other current transfer receipts, from business (net)..............................
Less: Contributions for government social insurance................................
Less: Personal current taxes...........................................................................
Equals: Disposable personal income............................................................
Less: Personal outlays......................................................................................
Personal consumption expenditures..........................................................
Personal interest payments 1..
Personal current transfer payments...........................................................
Equals: Personal saving...........
Personal saving as a percentage of disposable personal incom e....
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2...............................................
Per capita:
Current dollars....................................................................................
Chained (2000) dollars......................................................................
Population (midperiod, thousands)3.........................................................
See the footnotes at the end of the table.
February
May
June
July
August
September October
November December
1
2
3
4
5
6
11,396.0
11,477.2
11,545.9
11,546.3
11,572.6
11,613.5
11,675.2
11,726.7
11,789.2
11,821.0
11,871.3
11,924.0
7,698.5
6,263.2
5,206.5
1,056.7
1,435.3
7,733.9
6,293.8
5,233.6
1,060.3
1,440.0
7,769.4
6,324.8
5,262.0
1,062.8
1,444.6
7,749.7
6,303.7
5,238.0
1,065.7
1,446.0
7,752.0
6,303.1
5,235.0
1,068.1
1,449.0
7,778.6
6,325.3
5,254.6
1,070.6
1,453.3
7,801.4
6,344.1
5,269.6
1,074.5
1,457.3
7,829.9
6,369.1
5,287.8
1,081.2
1,460.8
7,886.7
6,420.0
5,333.5
1,086.6
1,466.7
7,903.9
6,434.0
5,344.5
1,089.4
1,469.9
7,945.2
6,469.4
5,377.8
1,091.6
1,475.7
7,973.9
6,493.1
5,398.0
1,095.1
1,480.8
/
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1,028.4
36.0
992.4
33.9
1,907.7
1,154.2
753.5
1,684.1
1,654.6
975.2
31.9
647.4
29.5
956.6
1,040.3
39.8
1,000.6
34.1
1,930.1
1,171.9
758.3
1,698.6
1,668.1
981.9
32.0
654.2
30.5
959.9
1,042.9
42.2
1,000.7
37.2
1,954.9
1,190.5
764.3
1,704.4
1,673.2
988.6
29.9
654.7
31.2
962.9
1,047.4
41.0
1,006.4
42.3
1,969.9
1,199.6
770.3
1,696.3
1,665.0
989.8
32.4
642.8
31.3
959.3
1,051.6
42.2
1,009.4
45.1
1,982.7
1,206.2
776.5
1,699.2
1,667.6
999.2
31.3
637.1
31.7
958.1
1,051.5
43.7
1,007.9
46.4
1,994.9
1,212.4
782.5
1,701.9
1,669.9
1,003.5
30.0
636.4
32.0
959.9
1,067.4
46.5
1,020.9
43.3
2,012.8
1,224.2
788.6
1,712.8
1,680.5
1,003.5
33.5
643.5
32.3
962.5
1,068.7
47.6
1,021.2
41.6
2,031.0
1,236.2
794.7
1,720.0
1,687.4
1,011.2
29.7
646.5
32.6
964.4
1,055.2
48.1
1,007.1
40.6
2,049.0
1,248.1
800.8
1,729.0
1,696.2
1,011.7
34.5
650.1
32.8
971.3
1,068.0
47.0
1,021.0
39.9
2,052.9
1,246.0
807.0
1,728.1
1,695.1
1,006.6
33.1
655.5
32.9
971.8
1,079.0
47.1
1,032.0
38.8
2,056.3
1,242.9
813.4
1,727.9
1,694.9
1,002.8
32.8
659.2
33.1
975.9
1,074.3
47.3
1,027.0
37.2
2,059.4
1,239.4
820.0
1,757.3
1,724.2
1,019.3
36.9
667.9
33.2
978.1
1,442.4
9,953.6
9,861.7
1,459.5
10,017.7
9,914.6
1,476.6
10,069.3
9,936.3
1,483.4
10,062.9
10,002.1
1,489.7
10,082.9
10,064.8
1,495.2
10,118.3
10,103.9
1,495.9
10,179.3
10,144.2
1,499.2
10,227.5
10,182.4
1,509.6
10,279.5
10,219.3
1,514.0
10,306.9
10,236.0
1,521.9
10,349.4
10,336.2
1,525.7
10,398.3
10,355.4
9,478.7
248.2
134.8
9,535.2
244.0
135.4
9,560.6
239.9
135.8
9,614.0
251.6
136.5
9,665.1
262.8
136.9
9,693.3
273.4
137.2
9,731.0
275.4
137.8
9,766.3
278.0
138.1
9,799.7
281.3
138.4
9,817.1
279.2
139.6
9,919.6
276.8
139.8
9,941.4
274.0
139.9
91.8
0.9
103.1
1.0
133.0
1.3
60.8
0.6
18.0
0.2
14.4
0.1
35.1
0.3
45.1
0.4
60.2
0.6
71.0
0.7
13.2
0.1
42.9
0.4
29
8,590.7
8,624.7
8,637.5
8,609.0
8,597.0
8,607.8
8,644.8
8,678.2
8,690.3
8,688.4
8,672.0
8,689.0
30
31
32
33,090
28,559
300,804
33,281
28,653
301,001
33,430
28,677
301,205
33,384
28,561
301,426
33,425
28,499
301,660
33,514
28,511
301,914
33,686
28,608
302,178
33,816
28,693
302,450
33,956
28,706
302,728
34,018
28,676
302,989
34,131
28,599
303,228
34,266
28,633
303,457
76
Personal Income and Outlays
August 2008
Table 2.6. Personal Income and Its Disposition, Monthly—Table Ends
[Billions of dollars; months seasonally adjusted at annual rates]
2008
Line
January
Personal income..................................................................................................
Compensation of employees, received......................................................
Wage and salary disbursements...........................................................
Private industries................................................................................
Government........................................................................................
Supplements to wages and salaries......................................................
Proprietors' income with inventory valuation and capital consumption
adjustments............................................................................................
Farm.......................................................................................................
Nonfarm..................................................................................................
Rental income of persons with capital consumption adjustment..............
Personal income receipts on assets..........................................................
Personal interest income........................................................................
Personal dividend income........
Personal current transfer receipts..
Government social benefits to persons.................................................
Old-age, survivors, disability, and health insurance benefits............
Government unemployment insurance benefits................................
Other..................................................................................................
Other current transfer receipts, from business (net)..............................
Less: Contributions for government social insurance................................
Less: Personal current taxes............................................................................
Equals: Disposable personal income............................................................
Less: Personal outlays.....................
Personal consumption expenditures..........................................................
Personal interest payments 1.......
Personal current transfer payments...........................................................
Equals: Personal saving...................................................................................
Personal saving as a percentage of disposable personal incom e....
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 2...............................................
Per capita:
Current dollars....................................................................................
Chained (2000) dollars......................................................................
Population (midperiod, thousands)3.........................................................
February
March
April
June
May
1
2
3
4
5
6
11,948.2
11,975.7
12,019.7
12,047.2
12,266.5
12,273.3
8,001.5
6,512.8
5,407.1
1,105.7
1,488.7
8,028.1
6,536.0
5,425.9
1,110.1
1,492.1
8,059.1
6,565.8
5,452.4
1,113.4
1,493.3
8,070.6
6,571.9
5,453.8
1,118.1
1,498.7
8,096.5
6,594.3
5,471.5
1,122.7
1,502.3
8,116.0
6,610.6
5,482.6
1,127.9
1,505.4
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1,074.5
41.7
1,032.8
38.1
2,056.4
1,232.0
824.4
1,766.3
1,734.2
1,024.1
37.0
673.1
32.1
988.5
1,069.1
42.1
1,027.0
38.8
2,054.2
1,224.6
829.6
1,776.6
1,744.3
1,030.6
38.2
675.5
32.3
991.0
1,071.4
41.0
1,030.4
40.5
2,051.7
1,217.2
834.5
1,791.3
1,758.9
1,042.5
39.3
677.1
32.4
994.4
1,071.7
40.6
1,031.1
46.9
2,047.1
1,208.3
838.8
1,805.5
1,773.1
1,039.1
40.6
693.5
32.4
994.6
1,076.6
41.0
1,035.6
54.1
2,043.0
1,199.4
843.6
1,993.0
1,960.6
1,049.7
41.5
869.5
32.4
996.8
1,083.5
41.5
1,042.0
61.8
2,038.8
1,190.5
848.3
1,971.6
1,939.2
1,052.7
42.1
844.4
32.4
998.4
1,535.1
10,413.1
10,393.1
1,540.8
10,434.9
10,385.2
1,547.7
10,472.0
10,436.3
1,540.7
10,506.6
10,474.8
1,164.5
11,102.0
10,555.0
1,381.6
10,891.7
10,615.8
9,984.6
267.9
140.6
9,982.7
261.7
140.8
10,039.7
255.6
141.0
10,074.3
258.9
141.6
10,150.8
262.3
141.9
10,207.9
265.6
142.2
20.0
0.2
49.7
0.5
35.7
0.3
31.8
0.3
547.0
4.9
275.9
2.5
29
8,674.2
8,680.8
8,684.7
8,693.6
9,145.0
8,904.3
30
31
32
34,291
28,565
303,670
34,340
28,568
303,866
34,440
28,562
304,068
34,528
28,570
304,287
36,457
30,031
304,521
35,737
29,216
304,776
1. Consists of nonmortgage interest paid by households.
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of the estimates for the first of the month and the first of the following month; the
annual estimate is the average of the monthly estimates.
August 2008
77
S u r v e y o f C u r r e n t B u s in e s s
Table 2.7B. Wage and Salary Disbursements by Industry, Monthly
[Billions of dollars; months seasonally adjusted at annual rates]
2004
Line
January
Wage and salary disbursements................
Private industries...................................................
Goods-producing industries..............................
Manufacturing................................................
Services-producing industries..........................
Trade, transportation, and utilities................
Other services-producing industries 1..........
Government.............................................................
1
2
3
4
5
6
7
8
February
March
April
May
June
July
August
September
October
November
December
5,240.9
4,313.5
5,263.9
4,332.9
5,277.8
4,341.4
5,319.4
4,375.2
5,362.2
4,421.4
5,372.0
4,430.2
5,417.7
4,473.5
5,446.3
4,499.7
5,479.5
4,531.2
5,510.3
4,559.5
5,509.8
4,557.1
5,534.3
4,581.1
1,017.7
670.3
3,295.8
874.6
2,421.1
1,017.1
668.5
3,315.9
878.6
2,437.3
1,019.0
667.0
3,322.4
879.3
2,443.2
1,031.3
676.2
3,343.9
887.9
2,456.1
1,044.4
684.6
3,377.0
893.4
2,483.6
1,045.5
683.4
3,384.6
895.8
2,488.8
1,058.0
694.2
3,415.5
902.2
2,513.3
1,066.3
699.6
3,433.4
905.1
2,528.3
1,070.7
701.3
3,460.5
912.1
2,548.5
1,072.6
700.3
3,486.9
918.3
2,568.6
1,071.5
697.3
3,485.6
916.6
2,569.1
1,076.8
700.5
3,504.3
919.3
2,585.0
927.4
930.9
936.4
944.2
940.8
941.8
944.2
946.7
948.2
950.9
952.6
953.2
2005
Line
January
Wage and salary disbursements.................
Private industries....................................................
Goods-producing industries..............................
Manufacturing................................................
Services-producing industries...........................
Trade, transportation, and utilities................
Other services-producing industries 1..........
Government..............................................................
1
2
3
4
5
6
7
8
February
March
April
May
June
July
August
September
October
November
December
5,548.3
4,579.6
5,554.7
4,583.7
5,556.2
4,584.1
5,590.7
4,617.2
5,605.8
4,631.5
5,637.9
4,663.7
5,702.4
4,721.7
5,724.0
4,739.5
5,750.3
4,761.1
5,768.5
4,778.2
5,789.4
4,795.7
5,831.7
4,834.9
1,076.9
699.5
3,502.7
921.3
2,581.4
1,079.5
696.9
3,504.1
921.1
2,583.0
1,078.3
694.0
3,505.9
920.3
2,585.6
1,083.0
697.3
3,534.2
928.2
2,606.0
1,086.8
699.7
3,544.7
929.2
2,615.5
1,093.0
700.8
3,570.7
934.7
2,636.0
1,108.1
707.9
3,613.6
945.4
2,668.1
1,116.0
711.6
3,623.5
946.4
2,677.1
1,114.7
708.6
3,646.4
947.1
2,699.3
1,115.4
711.9
3,662.8
949.6
2,713.2
1,112.9
707.7
3,682.8
954.3
2,728.5
1,125.5
712.5
3,709.4
960.8
2,748.6
968.7
971.0
972.1
973.5
974.4
974.2
980.7
984.5
989.2
990.4
993.7
996.8
2006
Line
January
Wage and salary disbursements................
Private industries...................................................
Goods-producing industries.............................
Manufacturing................................................
Services-producing industries..........................
Trade, transportation, and utilities................
Other services-producing industries 1..........
G overnment.............................................................
1
2
3
4
5
6
7
8
February
March
April
May
June
July
August
September
October
November
December
5,917.7
4,912.4
5,955.5
4,947.4
5,966.1
4,956.3
5,983.2
4,971.6
5,947.4
4,934.1
5,967.8
4,953.3
6,004.9
4,982.7
6,026.8
4,998.0
6,070.9
5,033.8
6,117.9
5,078.5
6,154.3
5,112.4
6,214.6
5,170.1
1,154.8
728.2
3,757.6
971.0
2,786.7
1,170.5
736.1
3,776.9
976.5
2,800.4
1,170.4
734.7
3,785.9
977.7
2,808.2
1,166.1
732.4
3,805.4
984.0
2,821.4
1,156.2
724.8
3,777.9
974.4
2,803.4
1,156.5
724.0
3,796.8
978.8
2,818.0
1,158.3
726.0
3,824.4
986.2
2,838.2
1,160.8
726.8
3,837.2
986.9
2,850.3
1,163.6
726.9
3,870.2
991.3
2,878.9
1,176.2
734.7
3,902.4
998.6
2,903.7
1,180.4
735.9
3,932.0
1,004.5
2,927.5
1,192.1
744.0
3,978.0
1,010.5
2,967.5
1,005.2
1,008.1
1,009.9
1,011.7
1,013.4
1,014.5
1,022.2
1,028.7
1,037.1
1,039.3
1,041.8
1,044.5
2007
Line
January
Wage and salary disbursements................
Private industries....................................................
Goods-producing industries..............................
Manufacturing................................................
Services-producing industries..........................
Trade, transportation, and utilities................
Other services-producing industries 1..........
G overnment..............................................................
1
2
3
4
5
6
7
8
February
March
April
May
June
Government.............................................................
November
December
6,324.8
5,262.0
6,303.7
5,238.0
6,303.1
5,235.0
6,325.3
5,254.6
6,344.1
5,269.6
6,369.1
5,287.8
6,420.0
5,333.5
6,434.0
5,344.5
6,469.4
5,377.8
6,493.1
5,398.0
1,196.5
745.3
4,010.0
1,014.4
2,995.7
1,203.4
748.1
4,058.7
1,029.3
3,029.4
1,200.4
745.5
4,037.6
1,032.0
3,005.6
1,198.7
742.0
4,036.3
1,036.2
3,000.1
1,202.9
744.4
4,051.7
1,041.2
3,010.5
1,201.0
742.9
4,068.6
1,033.6
3,034.9
1,201.7
741.6
4,086.1
1,032.3
3,053.9
1,210.2
745.6
4,123.2
1,039.9
3,083.3
1,211.7
745.6
4,132.8
1,042.8
3,090.0
1,222.6
754.0
4,155.2
1,047.2
3,108.0
1,220.2
751.0
4,177.7
1,054.9
3,122.8
1,056.7
1,060.3
1,062.8
1,065.7
1,068.1
1,070.6
1,074.5
1,081.2
1,086.6
1,089.4
1,091.6
1,095.1
February
March
April
May
June
6,512.8
5,407.1
6,536.0
5,425.9
6,565.8
5,452.4
6,571.9
5,453.8
6,594.3
5,471.5
6,610.6
5,482.6
1,221.5
752.4
4,185.7
1,056.4
3,129.3
1,223.0
753.5
4,203.0
1,056.5
3,146.5
1,228.3
756.4
4,224.1
1,060.8
3,163.4
1,221.1
753.6
4,232.6
1,057.0
3,175.7
1,222.8
754.9
4,248.8
1,057.6
3,191.1
1,224.0
755.7
4,258.7
1,059.2
3,199.5
1,105.7
1,110.1
1,113.4
1,118.1
1,122.7
1,127.9
1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and tech
nical services; management of companies and enterprises; administrative and support and waste management and remediation services; educational
services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services.
N o te . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
October
1,195.4
745.9
4,038.1
1,018.8
3,019.3
2008
Goods-producing industries..............................
Manufacturing................................................
Services-producing industries..........................
Trade, transportation, and utilities................
Other services-producing industries 1..........
September
6,293.8
5,233.6
January
1
2
3
4
5
6
7
8
August
6,263.2
5,206.5
Line
Wage and salary disbursements................
Private industries....................................................
July
Personal Income and Outlays
78
August 2008
Table 2.8.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product, Monthly
[P rc n c a g a mn lyra s
e e t h n e t o th te ]
2004
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
April
March
June
May
July
August
September
October
November
December
0.8
-0.1
0.4
0.1
0.8
-0.7
0.8
0.1
0.7
0.2
0.2
0.6
0.3
1.2
0.6
0.9
-0.8
0.1
1.2
1.5
-0.2
-0.9
-0.6
0.6
2.7
0.7
0.4
-4.3
-0.4
-0.1
3.5
0.5
0.4
-0.8
0.1
0.3
3.0
0.8
0.2
-0.7
0.4
0.3
0.0
0.1
0.3
2.1
0.4
0.4
2005
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
June
May
July
August
September
October
November
December
-0.2
0.3
-0.1
0.6
-0.3
1.1
0.6
-0.3
-0.3
0.3
0.3
0.5
-1.9
0.0
0.0
0.5
0.8
0.0
0.8
-0.9
0.2
3.2
1.3
-0.2
-4.1
-0.1
0.5
5.4
0.6
0.5
4.2
-0.1
0.2
-5.7
0.8
0.2
-3.0
-0.3
0.2
-1.2
1.3
0.1
2.3
-0.4
0.2
1.8
0.0
0.5
2006
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
June
May
July
August
September
October
November
December
0.3
0.5
0.0
0.3
0.2
0.1
0.5
-0.2
0.1
0.6
0.1
0.6
2.8
1.2
-0.7
-1.0
0.1
1.0
1.0
-0.3
0.0
0.5
1.0
0.0
-1.0
0.1
0.5
1.0
-0.2
0.1
1.0
0.6
0.3
-1.2
0.1
-0.1
1.0
-0.2
0.1
-0.2
0.5
0.9
0.6
-0.1
0.0
1.9
1.2
0.1
2007
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
June
July
November
December
0.3
0.2
0.1
0.2
0.3
0.0
-0.1
0.4
-0.1
0.5
-0.1
0.5
0.1
0.0
0.6
0.6
0.6
-0.6
-0.1
-0.3
0.7
2.1
0.5
-0.3
-1.7
0.2
0.3
-0.3
0.4
0.2
1.8
-0.7
0.5
0.4
0.3
-0.3
-0.3
-0.1
-0.1
-0.3
0.4
0.6
-0.8
-0.2
January
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
October
-0.1
2008
1
2
3
4
September
0.3
Line
Personal consumption expenditures........
August
0.3
February
March
April
May
June
0.1
-0.2
0.3
0.1
0.3
-0.2
-0.3
-0.2
0.4
0.2
-0.3
-0.1
-1.0
0.9
0.2
0.1
0.4
0.0
0.5
0.4
0.3
-1.6
-0.4
0.2
0.1
August 2008
79
S u r v e y o f C u r r e n t B u s in e s s
Table 2.8.3. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes
[In e n me , 2 0 = 0 ; se so a a ju te ]
d x u b rs 0 0 1 0 a n lly d s d
2004
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
August
September
October
November
December
April
May
June
July
110.810
110.729
111.212
111.295
112.135
111.339
112.206
112.325
113.133
113.353
113.577
114.242
122.289
110.822
108.512
123.341
109.929
108.611
124.876
111.527
108.382
123.696
110.823
109.062
127.007
111.600
109.492
121.581
111.111
109.374
125.868
111.657
109.786
124.845
111.778
110.105
128.582
112.642
110.373
127.666
113.146
110.657
127.701
113.229
110.980
130.372
113.734
111.371
2005
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
September
November
December
May
June
July
114.350
114.290
115.029
114.722
115.967
116.683
116.291
115.935
116.286
116.606
117.211
127.928
113.784
111.394
128.631
114.696
111.397
129.723
113.649
111.604
133.810
115.089
111.434
128.341
114.946
111.937
135.284
115.640
112.468
140.910
115.562
112.730
132.907
116.506
112.993
128.890
116.135
113.261
127.376
117.698
113.334
130.317
117.253
113.582
132.643
117.285
114.170
March
August
October
April
114.012
2006
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
June
July
118.142
118.554
118.769
118.887
119.481
119.264
119.434
120.206
120.269
120.979
136.328
118.730
113.409
134.989
118.828
114.503
136.315
118.452
114.534
137.001
119.586
114.557
135.563
119.705
115.085
136.892
119.479
115.171
138.308
120.250
115.546
136.644
120.382
115.396
138.004
120.193
115.545
137.660
120.818
116.559
138.492
120.665
116.599
141.091
122.078
116.679
April
May
June
July
August
October
December
May
118.098
March
September
November
April
117.536
2007
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
September
October
November
December
121.389
121.812
121.690
122.043
122.278
122.359
122.623
122.961
122.928
122.794
123.332
123.264
141.772
121.987
117.279
141.905
121.997
117.938
142.809
122.713
117.264
142.693
122.334
118.031
145.744
122.936
117.656
143.243
123.175
118.060
142.827
123.631
118.337
145.403
122.747
118.904
145.930
123.166
118.574
145.516
122.989
118.505
145.073
123.520
119.192
143.979
123.273
119.364
April
May
June
2008
Line
August
January
February
March
123.413
123.225
123.546
123.689
124.069
123.829
143.593
123.016
119.786
143.840
122.652
119.619
142.418
123.774
119.814
142.508
124.253
119.801
143.183
124.688
120.108
140.921
124.167
120.304
80
Personal Income and Outlays
August 2008
Table 2.8.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product, Monthly
[In e n me , 2 0 = 0 ; se so a a ju te ]
d x u b rs 0 0 1 0 a n lly d s d
2004
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
June
July
August
September
October
November
December
106.801
107.187
107.502
107.731
108.252
108.553
108.617
108.686
108.807
109.355
109.606
109.601
90,880
105.317
111.264
90.927
105.953
111.607
90.973
106.485
111.876
91.019
106.517
112.249
90.977
107.821
112.516
90.962
108.251
112.830
90.685
107.970
113.153
90.263
107.870
113.430
90.298
107.868
113.634
90.453
109.304
113.831
90.443
109.344
114.255
90.465
108.810
114.509
2005
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
August
September
October
November
April
May
June
July
109.912
110.171
110.477
110.854
110.852
110.938
111.451
111.965
113.086
113.286
112.993
December
112.988
90.674
109.203
114.804
90.515
109.590
115.103
90.452
109.869
115.514
90.363
110.601
115.831
90.479
109.845
116.182
90.185
109.854
116.403
89.807
111.174
116.737
89.487
112.596
117.006
89.592
115.403
117.521
89.537
114.962
118.110
89.405
113.192
118.533
89.309
112.983
118.655
April
May
June
July
2006
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
August
September
October
November
December
113.506
113.529
113.708
114.189
114.510
114.796
115.213
115.594
115.337
115.016
115.121
115.580
89.294
114.037
119.033
89.228
113.638
119.296
89.101
113.706
119.611
89.152
114.699
119,939
89.096
115.177
120.276
88.834
115.588
120.639
88.874
116.446
120.924
88.882
117.093
121.265
88.421
115.696
121.650
88.413
114.213
121.847
88.129
114.198
122.115
87.835
115.323
122.426
April
May
June
July
2007
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
November
December
116.894
117.289
117.554
117.756
117.859
118.293
118.635
119.349
119.678
87,682
115.517
122.881
87.795
115.812
123.207
87.673
116.747
123.513
87.473
117.201
123.887
87.288
118.062
124.196
87.333
118.227
124.570
87.186
118.586
124.782
86.906
118.399
125.136
86.722
119.061
125.618
86.785
119.466
125.998
86.611
121.582
126.226
86.398
122.229
126.534
2008
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
October
116.581
January
1
2
3
4
September
116.155
Line
Personal consumption expenditures........
August
115.869
February
March
April
May
June
120.052
120.212
120.585
120.860
121.405
122.325
86.508
123.030
126.760
86.598
122.903
127.083
86.636
123.245
127.557
86.382
123.625
127.918
86.123
124.650
128.423
86.205
126.827
128.912
August 2008
Survey of C urrent B usiness
81
Table 2.8.5. Personal Consumption Expenditures by Major Type of Product, Monthly
[B n o d lla ; se so a a ju da a n a ra s
illio s f o rs a n lly d ste t n u l te ]
2004
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
July
June
August
September
October
November
December
7,975.3
7,998.3
8,056.7
8,079.9
8,180.2
8,144.7
8,213.0
8,227.0
8,295.3
8,353.3
8,389.0
8,437.7
959.6
2,272.5
4,743.1
968.3
2,267.8
4,762.1
980.8
2,312.3
4,763.5
972.1
2,298.4
4,809.4
997.6
2,342.8
4,839.8
954.8
2,341.9
4,848.1
985.5
2,347.3
4,880.3
972.9
2,347.6
4,906.4
1,002.4
2,365.7
4,927.2
996.9
2,407.9
4,948.4
997.1
2,410.6
4,981.4
1,018.2
2,409.5
5,010.0
2005
Line
January
Personal consumption expenditures.......
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
July
June
August
September
October
November
December
8,444.6
8,489.5
8,508.6
8,592.9
8,569.8
8,669.6
8,763.5
8,774.5
8,835.2
8,877.6
8,878.9
8,924.6
1,001.5
2,419.2
5,024.0
1,005.2
2,447.2
5,037.2
1,013.0
2,431.0
5,064.6
1,044.0
2,478.2
5,070.7
1,002.6
2,458.2
5,109.0
1,053.4
2,473.2
5,143.0
1,092.5
2,501.2
5,169.8
1,026.8
2,553.9
5,193.8
996.9
2,609.2
5,229.0
984.7
2,634.3
5,258.7
1,005.9
2,584.0
5,289.0
1,022.8
2,580.0
5,321.9
2006
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
June
July
August
September
October
November
December
8,990.5
9,035.3
9,053.1
9,123.0
9,165.3
9,197.4
9,276.9
9,290.8
9,283.3
9,317.2
9,330.6
9,423.1
1,051.0
2,636.2
5,303.3
1,039.9
2,629.2
5,366.2
1,048.6
2,622.5
5,381.9
1,054.5
2,670.8
5,397.7
1,042.8
2,684.6
5,437.9
1,049.9
2,689.1
5,458.4
1,061.2
2,726.6
5,489.1
1,048.6
2,744.7
5,497.4
1,053.5
2,707.7
5,522.0
1,050.8
2,686.9
5,579.5
1,053.8
2,683.1
5,593.7
1,070.0
2,741.3
5,611.8
2007
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
June
October
November
December
9,614.0
9,665.1
9,693.3
9,731.0
9,766.3
9,799.7
9,817.1
9,919.6
9,941.4
1,073.2
2,743.8
5,661.7
1,075.6
2,751.0
5,708.6
1,081.0
2,789.5
5,690.1
1,077.6
2,791.7
5,744.6
1,098.3
2,826.0
5,740.8
1,080.1
2,835.5
5,777.8
1,075.1
2,854.6
5,801.2
1,091.0
2,829.8
5,845.5
1,092.6
2,855.3
5,851.8
1,090.3
2,860.8
5,866.0
1,084.8
2,924.1
5,910.7
1,074.0
2,933.8
5,933.7
2008
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
September
9,560.6
January
1
2
3
4
August
9,535.2
Line
Personal consumption expenditures........
July
9,478.7
February
March
April
May
June
9,984.6
9,982.7
10,039.7
10,074.3
10,150.8
10,207.9
1,072.5
2,946.9
5,965.3
1,075.4
2,935.1
5,972.2
1,065.3
2,970.2
6,004.2
1,062.8
2,990.9
6,020.5
1,064.6
3,026.3
6,059.8
1,048.8
3,066.3
6,092.8
82
August 2008
Personal Income and Outlays
Table 2.8.6. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars
[B n o c a e (2 0 ) d lla ; se so a a ju da a n a ra s
illio s f h in d 0 0 o rs a n lly d ste t n u l te ]
2004
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
July
June
August
September
October
November
December
7,467.9
7,462.4
7,495.0
7,500.6
7,557.2
7,503.6
7,562.0
7,570.0
7,624.5
7,639.3
7,654.4
7,699.2
1,055.8
2,157.9
4,263.3
1,064.8
2,140.6
4,267.1
1,078.1
2,171.7
4,258.2
1,067.9
2,158.0
4,284.9
1,096.5
2,173.1
4,301.8
1,049.6
2,163.6
4,297.1
1,086.7
2,174.2
4,313.3
1,077.8
2,176.6
4,325.8
1,110.1
2,193.4
4,336.4
1,102.2
2,203.2
4,347.5
1,102.5
2,204.8
4,360.2
1,125.5
2,214.6
4,375.6
2005
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
7,683.7
1,104.4
2,215.6
4,376.5
February
March
April
May
July
June
August
September
October
November
December
7,706.5
7,702.4
7,752.2
7,731.5
7,815.5
7,863.7
7,837.3
7,813.3
7,837.0
7,858.5
7,899.3
1,110.5
2,233.4
4,376.6
1,119.9
2,213.0
4,384.7
1,155.2
2,241.0
4,378.1
1,108.0
2,238.2
4,397.8
1,167.9
2,251.8
4,418.7
1,216.5
2,250.2
4,429.0
1,147.4
2,268.6
4,439.3
1,112.7
2,261.4
4,449.8
1,099.7
2,291.8
4,452.7
1,125.1
2,283.2
4,462.5
1,145.1
2,283.8
4,485.6
2006
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
June
July
August
September
October
November
December
7,921.2
7,959.1
7,962.0
7,989.8
8,004.3
8,012.2
8,052.3
8,037.7
8,049.1
8,101.1
8,105.4
8,153.2
1,177.0
2,311.9
4,455.7
1,165.4
2,313.8
4,498.6
1,176.8
2,306.5
4,499.9
1,182.8
2,328.6
4,500.8
1,170.4
2,330.9
4,521.5
1,181.8
2,326.5
4,524.9
1,194.0
2,341.5
4,539.6
1,179.7
2,344.1
4,533.7
1,191.4
2,340.4
4,539.6
1,188.5
2,352.6
4,579.4
1,195.6
2,349.6
4,581.0
1,218.1
2,377.1
4,584.1
2007
Line
January
Personal consumption expenditures........
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
1
2
3
4
February
March
April
May
June
November
December
8,201.1
8,224.9
8,240.8
8,246.2
8,264.0
8,286.8
8,284.6
8,275.6
8,311.8
8,307.2
1,225.1
2,375.5
4,633.6
1,232.9
2,389.5
4,607.1
1,231.9
2,382.1
4,637.2
1,258.2
2,393.8
4,622.5
1,236.7
2,398.5
4,638.4
1,233.1
2,407.4
4,649.3
1,255.3
2,390.1
4,671.5
1,259.9
2,398.3
4,658.6
1,256.3
2,394.9
4,655.9
1,252.5
2,405.2
4,682.9
1,243.0
2,400.4
4,689.6
February
March
8,317.3
8,304.6
8,326.2
1,239.7
2,395.4
4,706.2
1,241.8
2,388.3
4,699.6
1,229.5
2,410.1
4,707.3
April
May
June
8,335.9
8,361.5
8,345.3
1,230.3
2,419.5
4,706.8
1,236.1
2,427.9
4,718.8
1,216.6
2,417.8
4,726.5
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 esti
mates are usually not additive.
October
8,209.4
2008
Personal consumption expenditures.......
September
1,224.0
2,375.4
4,607.7
January
Durable goods.......................................................
Nondurable goods.................................................
Services.................................................................
August
8,180.9
Line
1
2
3
4
July
August 2008
83
3. Government Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Current receipts.......................
Personal current taxes.................
Taxes on production and imports
Taxes from the rest of the world...
Contributions for government social
insurance......................................
Income receipts on assets...............
Interest and miscellaneous
receipts.....................................
Dividends......................................
Current transfer receipts..................
From business (net).....................
From persons...............................
Current surplus of government
enterprises...................................
Current expenditures.............
Consumption expenditures..............
Current transfer payments...............
Government social benefits.........
To persons................................
To the rest of the world............
Other current transfer payments
to the rest of the world (net)....
Interest payments............................
Subsidies..........................................
Less: Wage accruals less
disbursements.............................
Social insurance funds....................
2005
I
II
2007
2006
III
IV
I
II
III
I
IV
2008
III
II
1 3,254.1 3,620.4 3,963.8 4,177.8 3,377.8 3,553.0 3,614.3 3.571.3 3.742.8 3,881.1 3,944.1 3,989.3 4,040.8 4.117.4 4,181.1
? 2,213.4 2,545.3 2,792.4 2,948.5 2,311.5 2,470.9 2,523.1 2.543.4 2.643.9 2.726.0 2,781.7 2,815.7 2,846.4 2,901.1 2,959.7
3 1,046.3 1,207.8 1,353.2 1,492.8 1,090.7 1,163.8 1,192.7 1,222.3 1,252.5 1.316.0 1,341.1 1,356.2 1,399.6 1.459.5 1,489.4
4
928.2
962.7
988.3 1,002.7 1,012.3
863.8
976.2 1,015.5
885.5
904.5
937.4
973.6
980.1
924.0
946.8
5
445.2
397.2
449.7
391.2
370.2
467.7
438.4
426.4
293.3
426.3
322.6
396.0
431.4
436.5
456.0
11.7
12.4
12.8
6
12.1
13.4
14.0
12.7
10.4
13.6
13.2
10.8
20.1
10.0
11.4
11.0
IV
I
II
4,194.4
4,218.1
4,220.9
2,959.7 2,973.7 2,958.0
1,501.6 1,520.5 1,541.2 1,362.3
1,019.2 1,027.7 1,025.8 1,034.1
426.0
407.7
375.8
17.9
15.2
13.0
15.3
7
8
828.8
99.1
874.3
109.8
925.5
120.4
965.1
129.5
845.5
102.2
859.6
105.2
866.9
109.5
881.1
111.4
889.5
113.2
917.1
115.9
918.9
118.9
925.5
121.6
940.4
125.1
959.8
126.9
959.1
128.8
966.0
130.9
975.3
131.3
991.3
132.7
996.6
135.1
9
10
11
12
13
96.7
2.4
117.0
48.1
68.9
107.4
2.5
104.3
31.8
72.5
117.7
2.7
134.2
57.9
76.2
126.6
2.8
142.6
61.4
81.2
99.1
3.0
125.1
53.6
71.5
102.8
2.4
124.3
52.2
72.0
107.0
2.5
124.0
51.9
72.2
108.9
2.5
61.3
-11.3
72.6
110.7
2.6
107.7
34.3
73.4
113.3
2.6
130.0
55.6
74.4
116.2
2.7
133.0
57.5
75.6
118.9
2.7
135.6
58.8
76.8
122.4
2.8
138.0
59.8
78.2
124.1
2.8
140.4
60.8
79.6
126.1
2.7
142.0
61.1
80.8
128.0
2.9
143.3
61.5
81.8
128.4
2.9
144.5
62.1
82.5
129.7
3.0
145.9
63.0
82.9
132.2
2.9
147.4
63.6
83.7
-8.6
-7.1
-9.3
-25.8
-11.4
-7.8
-8.3
-6.7
-4.2
-13.4
-7.9
-6.5
-9.1
-9.2
-10.8
-8.5
-5.5
-7.1
-7.6
3,623.2
3,882.6
4,118.8 4,396.7
3,684.9
3,790.4 3,845.5
3,916.8 3,977.5 4,031.5 4,106.0 4,175.5
4,162.2
4,319.3
4,356.8
4,434.0
4,476.7 4,598.7
4,761.2
1,844.0
1,425.3
1,399.1
1,396.1
3.0
1,957.5
1,520.5
1,485.0
1,481.9
3.1
2,081.5
1,611.0
1,581.4
1,578.1
3.3
2,212.0
1,721.3
1,685.0
1,681.4
3.6
1,876.5
1,444.6
1,418.9
1,415.7
3.2
1,917.3
1,496.5
1,456.4
1,453.4
3.0
1,934.4
1,509.9
1,483.8
1,480.8
3.1
1,985.2
1,526.9
1,493.8
1,490.6
3.1
1,993.0
1,548.9
1,506.0
1,502.9
3.2
2,046.7
1,571.5
1,546.3
1,543.0
3.3
2,069.3
1,605.5
1,574.1
1,570.7
3.4
2,098.0
1,632.2
1,598.7
1,595.4
3.3
2,111.8
1,635.1
1,606.6
1,603.1
3.4
2,151.2
1,714.1
1,668.8
1,665.3
3.5
2,195.5
1,696.6
1,671.1
1,667.5
3.6
2,234.4
1,723.1
1,691.7
1,688.0
3.6
2,266.8
1,751.2
1,708.4
1,704.7
3.6
2,324.3
1,793.5
1,749.5
1,745.8
3.7
2,380.0
1,926.3
1,894.7
1,891.0
3.7
21
22
?3
?4
25
26.2
309.3
226.8
82.5
44.6
35.5
345.3
241.4
103.9
59.3
29.6
376.5
241.6
135.0
49.7
36.3
411.1
246.0
165.1
52.3
25.7
316.2
227.1
89.0
47.6
40.1
322.1
226.6
95.5
54.5
26.1
342.6
242.1
100.4
58.6
33.1
344.0
238.3
105.7
60.7
42.9
372.4
258.5
113.9
63.3
25.2
359.1
237.2
121.9
54.2
31.4
381.3
249.7
131.7
49.8
33.5
397.2
258.6
138.5
48.2
28.5
368.5
220.7
147.8
46.8
45.3
406.5
250.3
156.2
47.5
25.5
408.7
243.1
165.6
55.9
31.5
422.9
255.3
167.6
53.5
42.8
406.4
235.5
170.9
52.3
44.0
430.3
259.2
171.1
50.6
31.6
404.1
26
97
28
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-369.1
-262.2
-155.0
-218.9
-307.1
-237.5
-231.2
-345.4
-234.7
-150.4
-161.8
-186.2
-121.4
-202.0
-175.7
-239.5
-258.6
-377.8
63.9
-433.0
61.7
-323.9
29.4
-184.4
11.9
-230.8
70.6
-377.7
60.6
-298.1
55.8
-287.1
64.6
-410.1
65.7
-300.3
42.5
-192.9
26.2
-188.0
22.2
-208.4
26.8
-148.2
23.4
-225.3
8.4
-184.0
4.0
-243.5
11.7
-270.3
1.3
-379.1
3,284.5
3,650.7
3.996.7
4,209.3
3.407.8
3,582.1
3,644.0
3,602.0 3,774.5
3,915.2
3,976.9
4,021.4
4,073.3
4.147.4
4,212.9
4.226.4
4,250.6
4,255.2
14
15
16
17
18
19
20
50.8
0.0
-10.2
Addenda:
Capital transfer receipts...........
Total expenditures.......................
Current expenditures...............
Gross government investment
Capital transfer payments........
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital...................................
Net lending or net borrowing (-)
30
31
32
33
34
35
36
3,254.1 3,620.4 3.963.8 4,177.8 3.377.8 3,553.0 3,614.3 3,571.3 3,742.8 3,881.1 3,944.1 3,989.3 4,040.8 4.117.4 4,181.1 4.194.4 4,218.1 4,220.9
29.2
34.1
30.4
30.7
32.1
30.3
32.9
31.6
30.0
29.7
31.7
30.1
32.0
32.5
34.3
32.8
32.5
31.8
3,793.2
4,055.3
4,291.8
4,608.7
3,854.4
3,965.1
4,018.1
4,077.3
4,160.9
4,214.6
4,292.2
4,361.0
4,299.5
4,518.9
4,563.7
4,651.6
4,700.5
4,810.0
34.9
4,898.3
3,623.2 3,882.6 4,118.8 4,396.7 3,684.9 3,790.4 3,845.5 3,916.8 3,977.5 4,031.5 4,106.0 4,175.5 4,162.2 4,319.3 4,356.8 4,434.0 4,476.7 4,598.7 4,761.2
489.6
397.8
426.7
462.8
381.9
411.7
460.4
469.1
473.9
372.8
381.6
393.5
402.9
412.9
426.3
428.9
439.6
445.8
476.1
34.6
16.8
18.3
18.1
28.8
16.6
24.5
16.2
15.9
16.7
21.5
16.6
26.8
27.0
34.6
34.6
18.6
15.6
27.0
37
10.6
9.0
-3.7
9.7
9.5
10.2
8.9
7.6
9.2
9.4
7.1
10.5
-42.0
9.3
6.6
13.3
9.4
3.3
-81.6
38
39
230.2
252.3
268.0
289.4
238.2
241.9
246.1
265.9
255.4
259.5
265.8
270.5
275.9
282.2
287.0
291.8
296.3
300.5
305.4
-508.7
-404.7
-295.1
-399.4
-446.6
-383.0
-374.0
-475.3
-386.4
-299.4
-315.3
-339.6
-226.3
-371.5
-350.8
-425.2
-450.0
-554.8
84
G overnm ent Current Receipts and Expenditures
August 2008
Table 3.2. Federal Government Current Receipts and Expenditures
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Personal current taxes.................
Taxes on production and imports
Excise taxes.............................
Customs duties........................
Taxes from the rest of the world....
Contributions for government social
insurance......................................
Income receipts on assets...............
Interest receipts............................
Rents and royalties......................
Current transfer receipts..................
From business
From persons..
Current surplus of government
enterprises...................................
Current expenditures.............
Consumption expenditures..............
Current transfer payments...............
Government social benefits.........
To persons................................
To the rest of the world............
Other current transfer payments
Grants-in-aid to state and local
governments........................
To the rest of the world (net)....
Interest payments.............................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 2,008.9 2,266.9 2,510.4 2,651.2 2,082.8 2.225.7 2.264.1 2,214.5 2,363.3 2.453.6 2,487.6 2.531.9 2,568.6 2,612.8 2,648.1 2,664.9 2,679.2 2,677.9
? 1,152.3 1,383.0 1,550.2 1,644.5 1,209.9 1.338.8 1.369.2 1,375.8 1,448.0 1.504.7 1,535.1 1.570.9 1.590.2 1,648.2
1,615.2
1,654.4 1,660.0 1,641.1
3
797.4
930.7 1,049.9 1,167.3
826.6
894.9
917.8
944.2
965.8 1.018.8 1,031.6 1,056.0 1.093.2 1,139.5 1,157.1 1,178.1 1,194.7 1,207.5 1,018.0
97.7
97.1
4
94.6
99.2
98.0
95.3
101.2
100.0
98.5
97.8
98.2
98.6
97.4
97.7
96.9
98.2
98.0
95.8
97.6
71.4
73.9
71.3
68.9
71.0
72.1
75.9
74.6
72.9
72.1
71.2
71.1
71.0
69.4
68.8
69.4
68.1
66.8
68.2
5
26.7
25.4
26.4
29.9
29.4
6
23.3
25.3
28.8
24.4
25.0
25.3
25.6
25.8
27.0
27.5
28.3
28.0
28.8
29.0
7 250.3
388.9
365.4
275.3
335.4
394.4
404.6
379.5
365.6
341.0
339.8
318.0
370.6
377.3
381.5
365.1
349.5
322.5
ft
21.5
34.6
19.8
26.6
28.9
30.7
30.0
35.4
34.4
33.5
32.9
18.1
29.1
18.5
20.6
21.6
25.1
35.1
q 232.2
319.5
359.9
330.8
255.5
319.2
296.4
345.5
350.7
365.5
373.9
349.5
330.5
346.1
330.7
316.0
289.6
316.9
12.7
12.1
13.4
14.0
11.4
10.4
13.2
11.7
12.4
17.9
15.2
10
10.0
13.6
10.8
11.0
20.1
12.8
13.0
15.3
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
805.2
23.8
17.2
6.6
28.8
15.9
12.9
-1.2
2,379.5
850.0
24.0
16.9
7.1
15.0
0.1
14.9
902.4
25.7
18.0
7.7
35.7
19.6
16.0
942.3
29.2
21.9
7.2
37.5
20.5
17.1
820.9
24.2
17.6
6.6
29.9
16.4
13.5
-5.0
-3.6
-2.2
-2.1
2,558.6 2,711.6 2,880.5
2,418.2
857.0
23.8
16.8
7.0
-35.8
-50.8
15.0
865.7
23.1
16.4
6.7
32.8
17.4
15.3
835.0
24.1
17.2
6.9
31.0
16.6
14.5
842.5
25.0
17.2
7.7
31.8
17.0
14.8
-3.2
-4.4
-6.4
-6.2
2,504.4 2,533.6
2,579.2
2,617.1
893.6
23.7
16.4
7.3
34.7
19.0
15.6
895.7
24.9
17.1
7.8
35.5
19.6
15.9
902.6
26.0
18.1
7.9
36.0
19.9
16.2
-3.1
-3.5
-3.6
2,661.5 2,712.5
2,750.4
917.7
28.2
20.5
7.7
36.5
20.1
16.4
937.1
28.4
21.4
7.1
37.0
20.4
16.7
936.4
29.0
22.3
6.8
37.2
20.3
16.9
-4.0
-5.1
-2.8
-0.2
2,721.8 2,837.9
2,859.5
2,909.2
943.3
29.8
22.5
7.3
37.6
20.4
17.2
952.3
29.5
21.6
7.9
38.2
20.7
17.5
968.0
29.9
21.7
8.2
39.4
21.7
17.7
973.0
31.5
21.7
9.8
40.0
22.0
18.0
-0.8
-0.5
-0.5
2,915.6 3,003.2 3,124.5
723.7
766.3
811.8
856.1
758.2
760.3
782.1
764.5
805.9
809.2
816.2
816.0
832.5
729.6
851.1
869.1
871.6
898.0
918.1
1,390.6 1,478.0 1,568.1 1,666.7 1,413.7 1,458.7 1,461.7 1,483.0 1,508.7 1,535.4 1,566.5 1,584.6 1,586.0 1,650.2 1,652.6 1,671.4 1,692.5 1,729.2 1,856.3
1,015.3 1,081.6 1,180.4 1,254.2 1,028.2 1,060.1 1,074.5 1,090.1 1,101.5 1,156.0 1,176.4 1,188.1 1,201.3 1,232.0 1,250.4 1,264.1 1,270.1 1,305.3 1,440.3
1,012.3 1,078.5 1,177.1 1,250.6 1,025.0 1,057.1 1,071.4 1,087.0 1,098.3 1,152.7 1,173.0 1,184.8 1,197.9 1,228.5 1,246.8 1,260.5 1,266.5 1,301.7 1,436.6
3.2
3.4
3.4
3.7
3.0
3.1
3.3
3.6
3.2
3.0
3.1
3.1
3.3
3.3
3.5
3.6
3.6
3.6
3.7
387.7
387.2
407.2
379.4
384.7
418.2
422.4
375.2
396.5
412.5
385.5
398.6
392.8
390.1
396.5
402.3
407.3
423.9
416.0
349.1
26.2
221.0
138.4
82.5
44.2
360.9
35.5
255.4
151.5
103.9
58.9
358.0
29.6
282.3
147.3
135.0
49.4
376.3
36.3
312.6
147.5
165.1
45.2
359.8
25.7
227.8
138.7
89.0
47.2
358.5
40.1
233.4
137.8
95.5
54.2
361.1
26.1
253.4
152.9
100.4
58.2
359.7
33.1
253.8
148.1
105.7
60.4
364.3
42.9
281.0
167.2
113.9
62.9
354.2
25.2
266.4
144.5
121.9
53.8
358.7
31.4
287.4
155.8
131.7
49.4
363.0
33.5
301.9
163.3
138.5
47.8
356.2
28.5
273.3
125.6
147.8
46.5
372.9
45.3
309.6
153.3
156.2
45.6
376.8
25.5
310.5
144.9
165.6
45.2
375.9
31.5
323.9
156.3
167.6
44.8
379.6
42.8
306.4
135.5
170.9
45.1
379.9
44.0
329.4
158.3
171.1
46.6
384.4
31.6
302.3
32
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-370.6
-291.7
-201.1
-229.3
-335.4
-278.7
-269.5
-364.7
-253.8
-207.9
-225.0
-218.4
-153.2
-225.2
-211.4
-244.3
-236.3
-325.4
56.8
-427.4
54.1
-345.7
22.9
-224.1
6.4
-235.7
62.6
-398.0
52.7
-331.3
48.1
-317.6
57.1
-421.8
58.4
-312.2
35.5
-243.4
19.6
-244.5
15.9
-234.3
20.7
-173.9
17.6
-242.8
2.9
-214.3
-1.4
-242.9
6.4
-242.7
-4.1
-321.3
2,033.5
Subsidies..........................................
Less: Wage accruals less
disbursements.............................
26
27
28
?9
30
31
2.291.9 2.538.3 2,677.7 2,107.1
2,249.3
2,288.5
2,240.0
2,389.8
2.482.6 2,515.3
2,559.0
2,596.0
2.637.7
2,674.8
2,691.7
2,706.6 2,707.0
47.9
Net federal government
Social insurance funds....................
34
35
-15.7
Addenda:
Capital transfer receipts...........
Total expenditures.......................
Current expenditures...............
Gross government investment
Capital transfer payments........
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital...................................
Net lending or net borrowing (-)
37 2,008.9 2.266.9 2.510.4 2,651.2 2,082.8 2,225.7 2,264.1 2,214.5 2,363.3 2.453.6 2,487.6 2,531.9 2,568.6 2.612.8 2,648.1 2,664.9 2,679.2 2,677.9
27.4
26.7
27.4
38
24.6
25.0
27.8
24.2
24.4
25.4
26.5
29.0
27.8
27.1
25.0
26.9
29.2
26.5
23.6
29.8
39 2,450.4 2,635.4 2,783.2 2,973.1 2,487.8 2,581.9 2,607.6 2,655.8 2,696.4 2,748.6 2,794.1 2,835.2 2,754.8 2,918.6 2,947.7 3,009.7 3,016.3 3,095.5 3,140.4
40 2,379.5 2,558.6 2,711.6 2,880.5 2,418.2 2,504.4 2,533.6 2,579.2 2,617.1 2,661.5 2,712.5 2,750.4 2,721.8 2,837.9 2,859.5 2,909.2 2,915.6 3,003.2 3,124.5
41
109.2
120.3
105.4
102.9
119.3
119.4
125.7
117.7
123.5
126.7
137.9
101.9
123.2
106.8
112.1
115.0
116.9
124.9
128.5
42
67.2
82.4
71.7
65.3
72.9
69.5
71.3
67.3
74.1
80.1
86.0
89.6
86.4
63.1
70.2
61.3
66.0
65.9
87.5
43
0.0
-0.5
-13.3
-1.3
-1.0
0.3
-0.6
-1.6
0.0
0.2
-2.3
0.8
-52.1
-1.3
-4.3
2.2
-1.7
-7.7
-92.6
44
45
94.0
99.1
105.6
111.8
96.1
97.3
98.2
99.8
101.0
103.0
105.0
106.7
107.8
109.8
111.0
112.5
113.9
115.0
116.9
-416.9
-343.5
-244.9
-295.4
-380.8
-332.6
-319.1
-415.9
-306.6
-266.0
-278.7
-276.1
-158.8
-280.9
-273.0
-318.0
-309.6
-388.5
August 2008
Survey of C urrent B usiness
85
Table 3.3. State and Local Government Current Receipts and Expenditures
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Current receipts.......................
Current tax receipts..........................
Personal current taxes.................
Income taxes............................
Other........................................
Taxes on production and imports
Sales taxes...............................
Property taxes.........................
Other........................................
Taxes on corporate income.........
Contributions for government social
insurance......................................
Income receipts on assets...............
Interest receipts............................
Dividends......................................
Rents and royalties......................
Current transfer receipts...................
Federal grants-in-aid....................
From business (net)......................
From persons...............................
Current surplus of government
enterprises...................................
Current expenditures.............
Consumption expenditures..............
Government social benefit payments
to persons.....................................
Interest payments.............................
Subsidies..........................................
Less: Wage accruals less
disbursements..............................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 1,594.3 1,714.4 1,811.4 1,902.8 1,654.8 1,685.7 1,711.3 1,716.5 1,743.8 1,781.7 ' 1,815.3 1,820.4 1,828.4 1,877.5 1,909.8 1,905.5 1,918.4 1,922.9
1,061.2 1,162.3 1,242.2 1,304.1 1,101.6 1,132.1 1,153.9 1,167.6 1,195 8 1 221.2 1,246.6 1 244.8 1,256.2 1 285.9 1,311.5 1 305 3 1,313.7 1 317.0
277.1
249.0
325.4
264.1
268.9
274.9
286.7
297.2
309.5
306.4
325.8
333.7
303.3
278.0
300.2
320.0
332.3
323.5
252.1
244.2
298.4
225.0
277.0
298.3
239.5
250.1
252.9
261.0
271.2
283.2
279.8
293.2
305.4
296.3
306.7
273.8
25.1
27.1
24.7
24.8
23.9
26.3
24.6
25.1
25.6
26.0
26.3
26.4
26.6
26.9
27.0
27.2
27.5
27.0
769.2
829.0
878.2
917.8
790.1
807.4
822.8
837.4
848.3
864.9
875.5
915.4
929.7
881.5
890.9
905.0
921.0
929.9
405.4
370.0
399.1
421.5
436.5
379.8
389.4
397.1
404.4
420.5
432.2
435.7
438.4
439.8
416.5
423.0
426.1
438.5
327.5
347.5
369.6
390.9
334.7
339.6
344.8
350.1
355.6
361.2
366.8
372.4
377.9
388.6
398.3
383.3
393.6
401.5
71.7
82.4
87.1
75.7
78.4
81.0
88.2
90.3
82.9
87.3
87.2
86.1
86.9
91.2
89.1
91.5
89.9
89.5
43.0
56.3
60.7
60.9
55.8
56.2
52.2
60.8
59.2
61.7
63.1
59.0
63.7
60.9
58.2
47.3
60.8
53.3
7
3
4
5
6
7
8
9
m
11
12
13
14
15
16
17
18
19
23.6
75.4
64.3
2.4
8.7
437.2
349.1
32.2
56.0
24.2
85.9
73.4
2.5
10.0
450.3
360.9
31.7
57.6
23.1
94.7
80.6
2.7
11.4
456.5
358.0
38.3
60.2
22.8
100.3
84.6
2.8
12.8
481.3
376.3
40.9
64.1
24.6
78.0
66.0
3.0
8.9
455.1
359.8
37.2
58.0
24.6
81.1
69.3
2.4
9.4
451.7
358.5
35.6
57.6
24.4
84.6
72.2
2.5
9.8
453.4
361.1
34.8
57.4
24.1
87.6
74.8
2.5
10.2
456.7
359.7
39.5
57.6
23.8
90.2
77.1
2.6
10.5
439.2
364.3
16.9
58.0
23.5
92.2
78.7
2.6
10.8
449.6
354.2
36.6
58.8
23.2
94.0
80.1
2.7
11.1
456.3
358.7
37.9
59.6
22.9
95.5
81.3
2.7
11.5
462.6
363.0
38.9
60.6
22.8
96.9
82.2
2.8
12.0
457.6
356.2
39.7
61.7
22.7
98.5
83.2
2.8
12.5
476.3
372.9
40.4
63.0
22.7
99.8
84.3
2.7
12.8
481.5
376.8
40.8
63.9
22.8
101.1
85.2
2.9
13.0
481.6
375.9
41.1
64.6
22.9
101.8
85.9
2.9
13.0
485.9
379.6
41.3
65.0
23.3
102.9
87.0
3.0
12.8
486.4
379.9
41.4
65.2
344.2
317.2
27.0
936.5
442.5
403.9
90.1
23.6
103.7
87.9
2.9
12.9
491.8
384.4
41.6
65.8
20
-3.0
-8.3
-5.7
-5.0
-4.4
-3.9
-4.9
-19.5
-5.2
-4.7
-4.8
-5.2
-5.7
-5.9
-7.1
-5.5
-5.8
-5.3
-6.6
21 1,592.8 1,684.9 1,765.3 1,892.4 1,626.5 1,644.5 1,673.1 1,697.3 1,724.7 1,724.2 1,752.2 1,788.1 1,796.6 1,854.3 1,874.0 1,900.7 1,940.7 1,975.3 2,021.1
22 1,120.3 1,191.2 1,269.6 1,355.9 1,147.0 1,159.1 1,174.1 1,203.1 1,228.4 1,240.8 1,260.2 1,281.8 1,295.8 1,318.7 1,344.4 1,365.3 1,395.2 1,426.3 1,461.9
23
24
25
383.8
88.4
0.4
403.5
89.9
0.4
401.0
94.3
0.4
430.8
98.5
7.1
390.8
88.4
0.4
396.3
88.7
0.4
409.4
89.2
0.4
403.7
90.2
0.4
404.5
91.3
0.4
390.3
92.7
0.4
397.7
93.9
0.4
410.6
95.3
0.4
405.3
95.2
0.4
436.8
96.9
1.9
420.7
98.2
10.7
427.6
99.1
8.8
438.3
100.0
7.3
444.2
100.9
4.0
454.4
101.8
3.0
26
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net state and local
government saving............
71
1.5
29.5
46.2
10.4
28.3
41.2
38.3
19.3
19.1
57.5
63.1
32.2
31.8
23.2
35.8
4.7
-22.3
-52.4
Social insurance funds....................
Other................................................
28
?9
7.1
-5.6
7.6
21.9
6.5
39.7
5.5
4.9
7.9
20.3
7.9
33.3
7.8
30 5
7.5
11.8
7.2
11 9
6.9
50.6
6.6
56 5
6.3
25 9
6.0
25 8
5.7
17 5
5.5
30 3
5.4
-0 6
5.3
-27 6
5.4
-57 8
3n
31
32
33
34
35
3fi
1,646.4
1,768.6
1,838.2 1,871.2
1,880.1
1,885.1
1,929.9
1,968.0
1,969.6
1,978.6
1,979.8
Addenda:
Total receipts................................
Current receipts.......................
Capital transfer receipts...........
Total expenditures.......................
Current expenditures...............
Gross government investment
Capital transfer payments........
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital...................................
Net lending or net borrowing (-)
1,868.6 1,961.5 1,705.2 1,738.5 1,766.5 1,771.8 1,797.5
1,594.3 1,714.4 1,811.4 1,902.8 1,654.8 1,685.7 1,711.3 1,716.5 1,743 8 1 781.7 1,8153 1 820.4 1,828 4 1 877 5 1 909 8 1 905 5 1 918 4 1 922 9
52.1
54.2
57.2
58.7
52.7
50.4
55.2
55.3
53.7
56.5
59.7
56.7
52.4
58.2
64.1
56.9
55.9
60.1
1,738.1
1,829.7
1,918.8
2,065.5
1,771.1
1,788.9 1,821.4
1,831.2
1,877.3
1,871.7 1,907.7
1,943.5
1,952.5
2,020.5 2,045.8
2,076.7 2,118.9 2,146.2
5.5
58.0
2,195.3
1,592.8 1,684.9 1,765.3 1,892.4 1,626.5 1,644.5 1,673.1 1,697.3 1,724.7 1,724.2 1,752.2 1,788.1 1,796.6 1,854.3 1,874.0 1,900.7 1,940.7 1,975.3 2,021.1
270.9
288.6
306.3
339.6
276.2
279.0
286.7
344.2
349.4
351.6
290.8
297.9
294.8
307.0
309.6
313.9
328.0
336.9
345.3
3/
10.5
9.4
9.6
11.0
10.4
9.9
9.5
9.2
9.1
9.2
9.4
9.7
10.1
10.6
10.9
11.1
11.2
11.1
11.0
38
39
136.1
153.2
162.3
177.6
142.1
144.6
147.9
166.0
154.4
156.5
160.8
163.9
168.1
172.5
176.0
179.3
182.4
185.5
188.5
-91.7
-61.1
-50.2
-104.0
-65.9
-50.4
-54.9
-59.4
-79.8
-33.4
-36.5
-63.4
-67.4
-90.6
-77.8
-107.2
-140.3
-166.3
Government Current Receipts and Expenditures
86
August 2008
Table 3.4. Personal Current Tax Receipts
[Billions of dollars]
Line
Personal current taxes 1...............................
Federal.....
Income taxes.....................................................
Withheld........................................................
Declarations and settlements.......................
Less: Refunds...............................................
Other taxes 2.....................................................
State and local.........................................................
Income taxes.....................................................
Motor vehicle licenses.......................................
Property taxes...................................................
Other taxes3.....................................................
2004
1
2
3
4
5
6
7
8
9
10
11
12
2005
2006
2007
1,046.3
797.4
1,207.8
930.7
1,353.2
1,049.9
1,492.8
1,167.3
797.4
746.5
237.8
186.9
0.0
930.7
802.0
309.1
180.4
0.0
1,049.9
864.9
381.4
196.4
0.0
1,167.3
951.0
423.1
206.8
0.0
249.0
277.1
303.3
325.4
225.0
13.6
5.8
4.5
252.1
14.0
6.2
4.9
277.0
14.6
6.5
5.2
298.3
14.9
6.8
5.4
1. Excludes estate and gift taxes, which are classified in the NIPAs as capital transfers.
2. Consists of the dividends tax in 1933-34 and of the automobile use tax in 1942-46.
3. Consists largely of hunting, fishing, and other personal licenses.
Table 3.5. Taxes on Production and Imports
Table 3.6. Contributions for Government Social Insurance
[Billions of dollars]
[Billions of dollars]
Line
Taxes on production and imports.......................
Federal................................................................................
Excise taxes..............................................................
Gasoline...........
Alcoholic beverages..............................................
Tobacco.................................................................
Diesel fuel........
Air transport..........................................................
Crude oil windfall profits tax..................................
Other1..............
Customs duties.........................................................
Other2 .......................................................................
State and local
Sales taxes
State.......................................................................
General.............................................................
Gasoline............................................................
Alcoholic beverages..........................................
Tobacco.............................................................
Public utilities....................................................
Insurance receipts.............................................
Other.................................................................
Local.................
General........
Public utilities
Other............
Property taxes......
Motor vehicle licenses...............................................
Severance taxes....
Special assessments................................................
Other taxes3..............................................................
1
2
3
4
5
6
7
8
q
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
2004
2005
2006
2007
863.8
94.6
928.2
99.2
976.2
98.0
1,015.5
97.7
71.4
24.2
8.4
7.1
9.2
12.1
73.9
25.8
8.6
8.3
9.8
12.6
71.3
25.8
8.9
7.9
9.5
12.9
68.9
26.1
8.7
7.8
9.5
13.9
10.4
23.3
0.0
8.9
25.3
0.0
6.3
26.7
0.0
3.0
28.8
0.0
769.2
829.0
878.2
917.8
370.0
300.1
204.8
33.8
4.6
12.6
10.5
14.4
19.2
69.9
49.0
11.3
9.6
327.5
7.6
6.9
6.2
50.9
399.1
322.7
220.0
35.0
4.9
13.6
10.9
15.0
23.3
76.4
53.9
12.1
10.4
347.5
7.9
9.0
6.7
58.8
421.5
339.7
232.3
36.2
5.1
14.6
11.5
15.1
24.9
81.8
58.1
12.7
11.0
369.6
8.2
10.4
7.3
61.1
436.5
351.1
239.4
36.8
5.3
15.9
11.7
15.3
26.7
85.4
60.7
13.3
11.4
390.9
8.4
11.5
8.0
62.5
1. Consists largely of taxes on telephone services, tires, coal, nuclear fuel, and trucks, and of refunds other
than those for alcoholic beverages and tobacco.
2. Consists of the capital stock tax in 1933-45.
3. Consists largely of business licenses and of documentary and stamp taxes.
Line
Contributions for government social
insurance.............................................................
Employer contributions.................................................
Federal social insurance funds.................................
Old-age, survivors, disability, and hospital
insurance..........................................................
Old-age, survivors, and disability insurance....
Hospital insurance............................................
Unemployment insurance.....................................
State unemployment insurance.......................
Federal unemployment tax...............................
Railroad employees unemployment insurance
Federal employees unemployment insurance
Railroad retirement...............................................
Pension benefit guaranty......................................
Veterans life insurance..........................................
Workers' compensation........................................
Military medical insurance’...................................
State and local social insurance funds....................
Temporary disability insurance.............................
Workers' compensation........................................
Employee and self-employed contributions.............
Federal social insurance funds.................................
Old-age, survivors, disability, and hospital
insurance ..........................................................
Employees........................................................
Old-age, survivors, and disability insurance
Hospital insurance........................................
Self-employed...................................................
Supplementary medical insurance......................
State unemployment insurance............................
Railroad retirement...............................................
Veterans life insurance..........................................
State and local social insurance funds2...................
2004
2005
2006
2007
1
2
3
828.8
408.3
874.3
428.1
389.6
409.5
430.6
446.2
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
341.1
266.1
75.0
40.3
32.5
7.0
0.1
0.7
2.5
1.3
0.0
2.5
2.0
18.7
0.0
18.7
356.9
277.9
78.9
43.8
35.8
7.2
0.1
0.7
2.6
1.7
0.0
2.5
2.1
18.6
0.0
18.6
378.2
294.3
84.0
43.1
34.9
7.5
0.1
0.7
2.7
1.7
0.0
2.4
2.5
17.9
0.0
17.9
396.0
307.5
88.5
40.8
32.5
7.6
0.1
0.6
2.7
1.6
0.0
2.6
2.5
18.5
0.0
18.4
420.5
446.2
477.0
500.4
415.6
440.6
471.8
496.1
382.0
341.6
264.7
76.9
40.4
31.3
0.4
1.5
0.5
4.9
400.8
357.1
275.8
81.3
43.7
37.4
0.5
1.5
0.4
5.6
425.5
378.7
292.1
86.6
46.9
43.8
0.5
1.5
0.4
5.2
445.4
396.6
305.2
91.4
48.8
48.2
0.5
1.5
0.4
4.3
22
23
24
25
26
27
28
29
30
31
925.5
448.5
965.1
464.7
1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary
facilities.
2. Consists of contributions for temporary disability insurance.
87
Survey of C urrent B usiness
August 2008
Table 3.7. Government Current Transfer Receipts
[B n o d lla ]
illio s f o rs
Line
Current transfer receipts......................................
From business (net)........................................................
Federal......................................................................
Deposit insurance premiums.................................
Other1...................................................................
State and local (net)..................................................
Fines...............
Net insurance settlements.....................................
Other2 .............
From persons.........
Federal3 ....................................................................
State and local..........................................................
Fines.....................................................................
Other4...................................................................
Table 3.8. Current Surplus of Government Enterprises
[B n o d lla ]
illio s f o rs
2004
1
2
3
4
5
6
7
8
9
10
11
12
13
14
2005
2006
2007
Line
117.0
48.1
15.9
2.6
13.3
32.2
12.0
-4.6
24.7
68.9
12.9
56.0
18.1
37.9
104.3
31.8
0.1
2.4
-2.3
31.7
12.0
-6.3
25.9
72.5
14.9
57.6
18.0
39.6
134.2
57.9
19.6
2.5
17.1
38.3
12.3
-0.5
26.5
76.2
16.0
60.2
18.4
41.8
142.6
61.4
20.5
3.2
17.3
40.9
12.8
-0.3
28.4
81.2
17.1
64.1
19.2
44.9
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Current surplus of government enterprises
Federal...............................................................................
Postal Service...........................................................
Federal Housing Administration................................
Tennessee Valley Authority.......................................
Other’ .......................................................................
State and local.............
Water and sewerage.
Gas and electricity....
Toll facilities..............
Liquor stores.............................................................
Air and water terminals.............................................
Housing and urban renewal......................................
Public transit.............................................................
Other2.......................................................................
1. Consists of fines and fees, less net insurance settlements from the National Flood Insurance Program
(NFIP).
2. Consists largely of donations. Beginning with 1997, includes settlements of lawsuits with tobacco compa
nies.
3. Consists of fines, immigration fees, certain penalty taxes, and excise taxes paid by nonprofit institutions
serving households.
4. Consists largely of donations and other miscellaneous transfers, including unclaimed bank deposits.
2004
2005
2006
2007
-4.2
-1.2
-3.4
2.6
1.9
-2.2
-3.0
6.2
5.2
2.3
1.1
2.6
-14.6
-22.7
16.9
-13.4
-5.0
-5.2
1.9
1.9
-3.7
-8.3
4.9
5.4
2.1
1.1
2.4
-17.0
-25.1
17.8
-8.6
-3.6
-5.6
2.1
2.2
-2.3
-5.0
7.2
6.0
2.4
1.2
2.9
-17.9
-26.6
19.9
-7.9
-2.2
-4.3
2.6
2.2
-2.7
-5.7
7.7
5.9
2.1
1.3
2.8
-19.0
-28.9
22.5
1. Consists largely of the Bonneville Power Administration, other electric power agencies, and insurance
agencies other than those insuring deposits in financial institutions.
2. Consists of lotteries, gaming administered by Indian tribal governments, off-track betting, local parking,
and miscellaneous activities.
Table 3.9.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures and gross investment
Consumption expenditures 1................
Gross investment2...............................
Structures..........................................
Equipment and software...................
Federal...............................
Consumption expenditures.......................
Gross investment.....
Structures............
Equipment and sotiware.......................
National defense.............................................
Consumption expenditures.......................
Gross investment.......................................
Structures..............................................
Equipment and software.......................
Nondefense......................................................
Consumption expenditures.......................
Gross investment.....
Structures............
Equipment and software.......................
State and local................
Consumption expenditures...........................
Gross investment.........
Structures................
Equipment and software...........................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1.4
1.5
0.9
-2.2
6.6
4.2
3.8
7.1
-7.6
10.1
5.8
5.2
10.3
0.3
11.3
1.1
1.1
1.3
-11.8
7.2
-0.2
0.1
-1.2
-1.8
1.2
0.4
0.3
0.6
-2.9
6.8
1.2
0.7
5.1
-13.0
8.4
1.5
1.0
5.5
-2.1
6.2
0.6
0.0
4.4
-19.5
14.0
-0.1
0.1
-1.1
-2.2
4.1
1.7
1.6
2.1
-1.3
8.1
2.3
1.4
8.2
6.2
8.6
1.6
0.8
7.0
-1.5
7.8
3.6
2.6
10.7
11.8
10.4
1.3
1.7
-0.2
-1.8
7.2
2.1
1.9
3.0
3.8
1.7
1.6
1.7
1.2
7.4
0.2
2.5
2.6
1.6
12.8
0.6
-0.2
-0.2
0.2
4.0
-1.0
2.3
2.0
3.7
3.6
4.6
-1.8
-1.4
^t.O
-7.7
2.8
-4.6
-5.1
-0.9
-22.9
3.4
-9.7
-10.2
-5.7
-7.5
-5.6
6.5
6.0
9.9
-31.0
30.7
-0.1
1.2
-5.1
-6.6
1.9
2005
I
-0.2
0.4
-3.1
-2.5
-4.1
1.1
3.1
-12.1
-35.1
-7.8
3.1
5.5
-12.6
-9.1
-12.9
-2.7
-1.5
-11.1
-48.3
6.0
-1.0
-1.3
0.5
-0.1
2.8
II
0.9
-0.2
6.7
0.5
18.2
1.1
-0.8
16.2
-24.9
23.8
4.0
1.6
23.4
-18.9
27.9
-4.5
-5.4
2.9
-29.0
14.4
0.8
0.2
3.4
2.2
8.9
2007
2006
III
3.4
3.5
3.2
-2.1
12.7
9.7
8.1
21.4
64.3
16.3
12.3
11.3
19.4
72.4
15.6
4.4
1.6
25.8
58.4
18.0
-0.1
0.6
-3.0
-5.0
6.5
IV
-1.7
-3.1
5.4
4.6
6.9
-7.2
-9.3
8.3
27.4
5.6
-14.2
-15.6
-4.0
-12.4
-3.2
8.9
5.1
37.3
66.3
29.5
1.6
1.0
4.4
3.3
9.4
I
3.9
5.6
^(.0
-11.5
9.8
10.0
10.8
4.7
-26.9
10.6
8.8
10.4
-1.8
-49.7
4.0
12.4
11.6
17.8
-8.3
27.3
0.5
2.4
-7.2
-10.4
8.3
II
1.2
0.0
7.3
7.3
7.5
-1.5
-2.5
5.5
-11.9
8.2
1.9
-0.6
21.1
-15.4
24.4
-8.1
-6.3
-18.9
-10.0
-21.4
2.9
1.7
8.1
8.6
6.1
III
1.7
2.5
-2.1
-1.5
-3.1
1.9
2.5
-2.3
39.8
-7.4
-0.9
0.1
-7.5
144.3
-14.6
7.7
7.5
8.7
-1.2
12.0
1.6
2.5
-2.1
-3.6
5.5
IV
1.6
1.1
4.1
-0.4
12.2
1.8
-1.0
22.7
63.1
17.0
7.0
3.4
34.6
80.4
30.8
-8.1
-9.6
2.0
51.8
-10.7
1.5
2.4
-2.4
-3.7
3.7
I
0.9
1.2
-0.4
7.3
-12.5
-3.6
-0.2
-23.9
-39.5
-20.8
-5.9
-1.9
-29.3
-57.8
-25.7
1.2
3.3
-11.6
-23.0
-7.2
3.6
2.0
10.3
11.5
4.9
2008
II
III
IV
3.9
2.9
8.9
5.3
15.7
6.7
4.9
20.2
7.3
22.4
8.5
6.7
21.7
6.9
23.1
3.1
1.2
17.2
7.5
20.7
2.4
1.7
5.1
5.2
4.7
3.8
3.9
3.3
5.1
0.0
7.2
7.8
2.8
34.6
-1.8
10.2
10.9
5.4
78.1
0.3
1.2
1.7
-2.2
11.7
-6.7
1.9
1.5
3.5
3.5
3.4
0.8
0.5
2.3
3.1
1.0
-0.5
-1.2
4.7
42.0
-1.1
-0.9
-1.4
3.0
94.8
-4.1
0.4
-0.8
8.1
12.1
6.7
1.6
1.6
1.5
0.9
4.7
I
1.9
3.2
-3.8
-9.4
7.3
5.8
6.0
4.9
-13.8
8.9
7.3
7.4
6.0
-45.1
14.0
2.9
2.9
2.8
19.6
-3.0
-0.3
1.4
-6.8
-9.1
4.5
II
3.4
2.1
10.3
4.1
22.1
6.7
3.8
28.9
4.8
33.7
7.3
3.6
36.7
23.2
38.1
5.3
4.1
14.0
-6.1
22.9
1.6
1.0
3.9
4.1
3.0
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sates to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
88
G overnm ent C urrent Receipts and Expenditures
August 2008
Table 3.9.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment
Seasonally adjusted at annual rates
Line
2004
2005
2007
2006
2004
2005
IV
Percent change at annual rate:
Government consumption
expenditures and gross
investm ent.........................................
Percentage points at annual rates:
Consumption expenditures 1............
Gross investment2...........................
Structures......................................
Equipment and software...............
Federal..............................................................
Consumption expenditures...................
Gross investment...................................
Structures..........................................
Equipment and software...................
National defense........................................
Consumption expenditures...................
Gross investment...................................
Structures..........................................
Equipment and software...................
Nondefense.................................................
Consumption expenditures...................
Gross investment...................................
Structures..........................................
Equipment and software...................
State and local................................................
Consumption expenditures.......................
Gross investment.......................................
Structures..............................................
Equipment and software.......................
II
I
2006
IV
III
I
2007
II
III
IV
I
II
2008
III
IV
I
II
1
1.4
0.4
1.7
2.1
-1.8
-0.2
0.9
3.4
-1.7
3.9
1.2
1.7
1.6
0.9
3.9
3.8
0.8
1.9
3.4
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1.26
0.16
-0.24
0.40
0.28
0.09
-0.32
0.41
1.31
0.35
-0.14
0.50
1.56
0.52
0.41
0.11
-1.12
-0.68
-0.85
0.17
0.31
-0.52
-0.27
-0.25
-0.18
1.10
0.06
1.04
2.90
0.55
-0.22
0.77
-2.64
0.90
0.48
0.42
4.58
-0.70
-1.30
0.60
0.03
1.21
0.74
0.47
2.07
-0.36
-0.17
-0.20
0.89
0.69
-0.04
0.74
0.94
-0.05
0.78
-0.83
2.43
1.51
0.59
0.92
3.25
0.58
0.57
0.01
0.40
0.41
0.35
0.06
2.60
-0.67
-1.10
0.43
1.73
1.69
0.45
1.24
1.52
0.45
0.84
0.59
-1.74
0.40
0.41
3.50
-2.76
3.59
-0.58
0.69
0.66
-1.37
2.42
2.60
-0.18
2.09
2.42
1.21
0.31
-0.06
0.37
0.22
0.23
-0.09
0.32
0.46
0.38
0.04
0.34
0.54
0.05
0.05
0.01
-1.70
-0.05
-0.17
0.13
0.98
-0.58
-0.27
-0.32
-0.28
0.69
-0.16
0.85
2.58
0.92
0.30
0.63
-3.14
0.38
0.16
0.22
3.36
0.23
-0.20
0.42
-0.84
0.26
-0.08
0.33
0.80
-0.11
0.21
-0.32
-0.34
1.00
0.34
0.66
-0.09
-1.28
-0.35
-0.93
1.56
0.86
0.05
0.82
2.46
0.13
0.20
-0.07
-0.39
0.21
0.25
-0.04
1.87
0.22
-0.11
0.33
1.21
1.21
0.03
1.18
1.38
0.38
0.40
0.61
-2.52
0.75
0.97
2.97
-3.79
2.11
0.47
-0.23
1.69
-1.51
2.04
2.45
-0.22
1.76
1.81
1.09
0.29
0.00
0.29
0.21
0.16
-0.01
0.17
0.19
0.21
0.00
0.22
0.56
0.05
0.03
0.02
-2.33
-0.19
-0.02
-0.17
1.16
-0.41
-0.02
-0.38
0.33
0.64
-0.05
0.69
2.41
0.57
0.14
0.43
-3.67
-0.13
-0.04
-0.09
2.16
-0.05
-0.17
0.11
-0.13
0.60
-0.04
0.64
0.02
-0.24
0.21
-0.46
0.73
0.96
0.17
0.80
-0.43
-1.09
-0.24
-0.85
1.43
0.61
0.02
0.60
2.29
0.17
0.16
0.01
-0.31
0.09
0.21
-0.11
1.58
0.18
-0.19
0.36
0.80
1.01
0.06
0.95
0.14
0.07
0.44
-0.02
0.78
-0.35
-0.56
0.53
1.03
1.48
-1.05
0.91
-1.03
0.15
0.38
0.14
0.04
0.33
0.62
0.12
0.02
-0.06
0.08
0.00
0.07
-0.08
0.15
0.28
0.16
0.04
0.12
-0.02
0.00
0.02
-0.01
0.64
0.15
-0.15
0.30
-0.17
-0.17
-0.24
0.07
-0.61
0.05
-0.11
0.16
0.17
0.35
0.16
0.20
0.53
0.51
0.19
0.31
1.20
0.28
-0.03
0.31
-0.71
-0.34
-0.04
-0.30
0.78
0.14
0.00
0.14
-1.07
0.03
0.17
-0.14
0.34
-0.19
-0.11
-0.09
0.13
0.25
0.03
0.22
0.18
-0.03
0.04
-0.08
-0.08
0.12
0.05
0.07
0.29
0.04
0.08
-0.03
0.41
0.20
-0.03
0.23
-0.10
-0.08
0.82
1.48
-0.06
-0.61
0.51
-0.06
1.03
0.30
1.82
1.02
0.93
2.26
1.52
1.24
0.99
-0.16
1.00
0.05
-0.16
-0.19
0.03
0.06
-0.14
-0.23
0.09
0.85
-0.02
-0.18
0.16
1.02
0.46
0.36
0.10
0.58
-0.64
-0.68
0.04
-0.68
0.06
0.00
0.06
0.10
0.41
0.22
0.19
0.32
-0.37
-0.52
0.14
0.50
0.52
0.32
0.20
1.22
-0.92
-1.10
0.18
0.87
0.95
0.82
0.13
1.28
-0.26
-0.37
0.12
1.23
-0.30
-0.38
0.08
1.03
1.23
1.12
0.11
0.87
0.65
0.54
0.10
0.79
0.44
0.37
0.07
0.80
0.19
0.09
0.10
0.73
-0.89
-0.99
0.10
0.52
0.48
0.42
0.06
1. G overnm ent consum ption expenditures are services (such as education and national defense) produced by governm ent that are valued at the ir cost of production. Excludes governm ent sales to oth e r sectors and governm ent ow n-account in vest
ment (construction and software).
2. G ross governm ent investm ent consists of general governm ent and governm ent enterprise expenditures for fixed assets; inventory investm ent is included in governm ent consum ption expenditures.
Table 3.9.3. Real Government Consumption Expenditures and Gross Investment, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures and gross
investm ent................................
Consumption expenditures 1....
Gross investment2..................
Structures............................
Equipment and software......
Federal....................................................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
National defense...............................
Consumption expenditures..........
Gross investment..........................
Structures.................................
Equipment and software..........
Nondefense.......................................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
State and local......................................
Consumption expenditures..............
Gross investment..............................
Structures.....................................
Equipment and software..............
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
112.210 112.626 114.497 116.871 112.138 112.079 112.337 113.291 112.797 113.877 114.228 114.714 115.167 115.421 116.541 117.642 117.879 118.443 119.443
111.896
113.642
107.864
124.496
112.267
114.282
104.699
132.956
114.036
116.662
103.300
143.703
116.177
120.192
107.222
146.140
111.947
112.963
105.264
127.651
112.052
112.075
104.587
126.329
111.994
113.912
104.715
131.731
112.960
114.807
104.160
135.739
112.062
116.334
105.335
138.025
113.595
115.141
102.168
141.295
113.607
117.200
103.981
143.872
114.317
116.568
103.580
142.743
114.624
117.738
103.470
146.901
114.955
117.620
105.307
142.081
115.787
120.162
106.686
147.366
116.911
121.141
108.033
147.381
117.054
121.846
108.862
147.731
117.969
120.662
106.217
150.355
118.574
123.649
107.302
158.041
123.693 125.181 128.019 130.078 123.710 124.058 124.408 127.310 124.950 127.952 127.459 128.048 128.616 127.426 129.507 131.772 131.610 133.488 135.671
123.057
128.247
98.308
134.864
123.873 125.637 127.744 122.659 123.605 123.357 125.779
134.783 145.892 147.570 131.333 127.151 132.025 138.587
85.497 90.833 97.565 92.810 83.315 77.566 87.817
146.141 158.638 158.877 140.007 137.195 144.723 150.295
122.749 125.931 125.133 125.906
141.369 142.993 144.903 144.051
93.291 86.251 83.551 90.856
152.352 156.253 159.378 156.323
125.580 125.504 127.012 129.427 129.032
151.623 141.632 148.287 149.324 151.035
102.674 90.534 92.144 99.244 108.340
162.598 153.381 161.332 160.618 160.179
130.915
152.854
104.397
163.622
132.138
162.856
105.619
175.950
128.282 130.227 132.315 135.596 127.647 128.624 129.887 133.707 128.689 131.428 132.053 131.759 134.019 131.986 134.701 138.002 137.694 140.125 142.628
126.782 128.012 129.097 132.457 125.573 127.267 127.758 131.231 125.792 128.942 128.760 128.796
139.305 146.905 157.208 159.765 143.159 138.401 145.856 152.456 150.908 150.228 157.587 154.543
96.933 94.873 93.490 105.467 95.070 92.828 88.089 100.934 97.641 82.230 78.862 98.598
144.428 153.330 165.275 166.336 149.029 143.962 153.103 158.763 157.493 159.026 167.935 161.457
129.892
166.474
114.268
172.680
129.267 131.394 134.826 134.343 136.773
152.645 160.322 162.446 163.647 166.030
92.121 93.676 108.220 127.851 110.037
160.303 168.845 168.967 167.228 172.794
138.004
179.511
115.922
187.309
115.441 116.104 120.318 120.127 116.644 115.848 114.535 115.770 118.262 121.759 119.209 121.429 118.877 119.235 120.154 120.506 120.614 121.469 123.061
116.217
110.827
99.033
116.032
116.264 119.305 119.048 117.319 116.880 115.258 115.729 117.191 120.442 118.486 120.650
115.683 128.081 128.357 112.706 109.428 110.221 116.728 126.354 131.636 124.923 127.561
79.703 89.113 92.648 91.315 77.428 71.079 79.744 90.560 88.608 86.300 86.037
132.236 145.967 144.470 122.325 124.106 128.351 133.775 142.714 151.590 142.723 146.825
117.642 118.595 118.943 119.441
128.204 124.299 129.334 128.627
95.505 89.459 91.097 93.662
142.729 140.071 146.829 144.310
119.214
131.166
96.374
146.668
120.061 121.272
132.081 136.481
100.780 99.202
145.551 153.252
106.384 106.256 107.642 110.167 106.265 106.001 106.214 106.189 106.621 106.746 107.520 107.954 108.348 109.314 109.957 110.484 110.914 110.844 111.273
105.773
108.859
108.588
110.200
105.899
107.662
106.150
114.716
107.669
107.447
104.247
123.013
109.828
111.471
107.965
128.636
106.071
106.980
106.205
110.586
105.713
107.112
106.191
111.351
105.763
108.008
106.761
113.761
105.929
107.190
105.397
115.570
106.190
108.338
106.249
118.182
106.825
106.323
103.370
120.563
107.283
108.418
105.519
122.364
107.958
107.856
104.544
124.003
108.611
107.191
103.553
125.121
109.163
109.850
106.417
126.620
109.624
111.232
107.780
128.091
110.046
112.188
108.713
129.163
110.478
112.612
108.950
130.667
110.874
110.632
106.396
132.115
111.151
111.696
107.471
133.081
1. G overnm ent consum ption expenditures are services (such a s education and national defense) produced by governm ent that are valued at the ir cost of production. E xcludes governm ent sales to other sectors and governm ent ow n-account in vest
m ent (construction and software).
2. G ross governm ent in vestm ent consists of general governm ent and governm ent enterprise expenditures for fixed assets; inventory investm ent is included in governm ent consum ption expenditures.
August 2008
89
Survey of Current B usiness
Table 3.9.4. Price Indexes for Government Consumption Expenditures and Gross Investment
[In e n me , 2 0 = 0 ]
d x u b rs 0 0 1 0
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures and gross
investm ent................................
Consumption expenditures 1....
Gross investment2..................
Structures............................
Equipment and software......
Federal....................................................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
National defense...............................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
Nondefense.......................................
Consumption expenditures..........
Gross investment..........................
Structures.................................
Equipment and software..........
State and local......................................
Consumption expenditures..............
Gross investment..............................
Structures.....................................
Equipment and software..............
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
I
II
2007
2006
2005
III
IV
II
I
III
IV
I
II
2008
III
IV
I
II
114.754 121.470 127.239 132.941 116.971 119.162 120.378 122.443 123.897 125.399 126.911 127.955 128.690 130.705 132.386 133.497 135.174 137.237 139.562
116.293 123.040 128.804 134.359 118.293 120.748 121.891 124.018
107.732 114.309 120.099 126.461 110.944 111.918 113.477 115.262
115.258 126.176 136.245 147.467 120.398 121.796 124.637 127.941
95.840 96.435 96.777 97.122 96.287 96.682 96.507 96.309
125.502 127.146 128.541 129.512 130.015 132.068 133.820
116.578 117.434 119.476 120.848 122.637 124.479 125.834
130.330 131.701 135.076 137.457 140.747 143.981 146.415
96.243 96.440 96.824 96.943 96.899 97.019 97.027
134.878
127.183
148.712
97.193
136.669 139.047 141.654
128.346 128.990 130.043
150.761 151.825 153.236
97.247 97.371 97.969
115.322 120.834 125.806 130.076 116.621 119.921 120.433 121.364 121.618 124.614 125.866 126.233 126.513 128.856 130.037 130.342 131.070 132.879 134.494
117.788 123.890 129.409 134.215
99.954 101.951 103.802 105.078
115.288 125.348 134.408 141.487
97.261 98.185 99.179 99.751
119.122 122.844 123.443 124.536 124.738
101.041 101.819 101.824 101.810 102.352
119.547 121.982 124.029 126.479 128.902
97.882 98.433 98.196 97.900 98.209
128.167
102.911
131.177
98.560
129.506 129.824 130.139 132.859 134.217 134.490 135.294 137.386
103.657 104.281 104.358 104.625 104.814 105.287 105.586 105.838
133.536 135.387 137.533 139.548 140.852 142.143 143.406 144.468
99.122 99.603 99.429 99.480 99.538 99.908 100.079 100.223
139.159
106.583
145.276
100.955
115.932 121.944 127.381 131.874 117.417 120.965 121.503 122.454 122.854 126.069 127.426 127.897 128.131 130.326 131.701 132.232 133.237 134.905 136.872
118.480
99.711
116.890
98.182
125.176
101.656
126.854
99.539
131.213
103.657
136.094
101.047
136.220 120.016 124.033 124.682 125.815 126.174 129.855 131.307 131.702
105.255 100.876 101.622 101.519 101.428 102.057 102.630 103.437 104.304
143.122 121.438 123.162 125.195 128.245 130.814 132.947 135.383 137.014
102.270 99.093 99.761 99.508 99.199 99.687 100.155 100.865 101.682
131.988
104.259
139.034
101.488
134.516
104.603
141.523
101.682
136.085
104.874
142.737
101.892
136.573
105.625
143.852
102.616
137.704
105.920
144.374
102.891
139.603
106.296
145.342
103.220
141.746
107.284
145.818
104.242
114.218 118.744 122.803 126.636 115.147 117.965 118.423 119.313 119.273 121.844 122.891 123.054 123.423 126.067 126.869 126.721 126.886 128.986 129.881
116.530
100.268
114.465
95.053
121.462 125.964 130.378 117.462 120.610 121.107 122.123 122.009 124.948 126.067 126.233 126.608 129.716 130.659 130.499 130.637 133.128 134.144
102.368 103.916 104.556 101.192 102.035 102.261 102.406 102.770 103.296 103.921 104.062 104.385 104.499 104.529 104.446 104.753 104.758 105.005
124.592 133.556 140.686 118.565 121.464 123.519 125.525 127.860 130.247 132.579 134.578 136.819 138.509 139.870 141.275 143.087 144.225 145.258
94.944 94.779 93.892 94.957 95.250 95.055 94.786 94.685 94.773 95.005 94.734 94.605 94.336 94.055 93.622 93.557 93.278 93.325
114.431 121.862 128.109 134.671 117.191 118.722 120.355 123.099 125.273 125.880 127.548 128.999 130.008 131.828 133.806 135.400 137.649 139.866 142.626
115.403
110.597
115.253
93.753
122.562
119.114
126.226
93.795
128.485 134.517 117.827 119.477 120.965 123.752 126.054 126.565 127.994 129.380 130.000
126.675 135.383 114.689 115.748 117.964 120.541 122.204 123.193 125.829 127.540 130.138
136.359 147.857 120.455 121.787 124.674 128.028 130.416 131.731 135.169 137.584 140.953
93.009 92.969 93.906 94.040 93.970 93.945 93.226 93.158 93.234 92.730 92.912
131.634 133.634 135.190 137.612 140.173 143.319
132.708 134.590 136.337 137.896 138.722 139.913
144.270 146.776 149.139 151.244 152.308 153.763
93.148 93.075 92.896 92.756 92.846 93.216
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
Table 3.9.5. Government Consumption Expenditures and Gross Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures and gross
investm ent................................
Consumption expenditures 1....
Gross investment2..................
Structures.............................
Equipment and software......
Federal.....................................................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
National defense...............................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
Nondefense.......................................
Consumption expenditures..........
Gross investment..........................
Structures.................................
Equipment and software..........
State and local......................................
Consumption expenditures..............
Gross investment..............................
Structures.....................................
Equipment and software..............
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2,216.8 2,355.3 2,508.1
2005
1
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
2,674.8 2,258.2 2,299.2 2,328.0 2,388.0 2,405.9 2,458.4 2,495.7 2,526.9 2,551.4 2,597.0 2,655.9 2,703.5 2,742.9 2,798.1 2,869.6
1,844.0 1,957.5 2,081.5 2,212.0 1,876.5 1,917.3 1,934.4 1,985.2 1,993.0 2,046.7 2,069.3 2,098.0 2,111.8 2,151.2 2,195.5 2,234.4 2,266.8 2,324.3 2,380.0
372.8 397.8 426.7 462.8 381.6 381.9 393.5 402.9 412.9 411.7 426.3 428.9 439.6 445.8 460.4 469.1
476.1
473.9 489.6
235.4 250.1
266.5 299.4 240.1
241.2 247.1
310.7 305.2 311.2
252.3 259.9 254.7 265.9 269.5 275.7 287.0 295.7 304.1
178.3
140.7 146.4 150.6 153.0
164.7
168.6
137.4
147.7 160.2
163.5
141.6
159.4
164.0
158.8
165.0 165.5
157.0 160.5
825.6
875.5
932.2
979.3
835.0
861.0
867.1
894.2
879.5
922.8
928.5
935.5
941.7
950.3
974.6
994.0
998.3 1,026.5 1,056.0
723.7
101.9
15.1
86.8
766.3
109.2
14.2
94.9
811.8
120.3
16.2
104.1
856.1
123.2
18.4
104.9
729.6
105.4
14.8
90.7
758.2
102.9
13.5
89.4
760.3
106.8
12.8
94.0
782.1
112.1
14.7
97.4
764.5
115.0
16.0
99.0
805.9
116.9
15.0
101.9
809.2
119.3
14.8
104.5
816.2
119.4
16.3
103.0
816.0
125.7
18.8
107.0
832.5
117.7
16.8
101.0
851.1
123.5
17.2
106.3
869.1
124.9
18.7
106.2
871.6
126.7
20.6
106.1
898.0
128.5
20.0
108.5
918.1
137.9
20.4
117.5
550.7
588.1
624.1
662.2
555.0
576.1
584.4
606.3
585.4
613.6
623.1
624.0
635.9
636.9
656.8
675.6
679.3
699.9
722.8
482.9
67.8
5.6
62.2
515.2
72.9
6.0
66.9
544.6
79.5
6.3
73.2
580.1
82.1
7.5
74.6
484.5
70.5
5.7
64.7
507.5
68.6
5.7
63.0
512.1
72.3
5.5
66.8
530.8
75.5
6.4
69.1
510.3
75.2
6.3
68.8
538.3
75.2
5.4
69.8
543.6
79.6
5.3
74.3
545.3
78.7
6.7
72.0
551.2
84.7
7.9
76.8
559.0
77.9
6.5
71.5
574.8
82.1
6.6
75.4
591.9
83.7
7.7
76.0
594.7
84.6
9.2
75.4
613.8
86.1
7.9
78.2
628.8
94.0
8.4
85.6
274.9
287.4
308.0
317.1
280.0
284.9
282.8
288.0
294.1
309.3
305.4
311.5
305.9
313.4
317.8
318.3
319.0
326.6
333.2
240.8
34.1
9.4
24.6
251.1
36.3
8.3
28.0
267.2
40.8
9.9
30.9
276.0
41.1
10.9
30.3
245.0
35.0
9.0
25.9
250.7
34.2
7.8
26.4
248.2
34.5
7.3
27.2
251.3
36.6
8.3
28.3
254.3
39.8
9.6
30.2
267.6
41.7
9.6
32.1
265.6
39.8
9.5
30.3
270.8
40.7
9.6
31.1
264.9
41.0
10.9
30.1
273.6
39.8
10.3
29.5
276.4
41.4
10.6
30.8
277.2
41.2
11.0
30.2
276.9
42.1
11.5
30.6
284.2
42.4
12.1
30.3
289.3
43.9
12.0
31.9
1,391.2 1,479.8 1,575.9 1,695.5 1,423.2 1,438.2 1,460.9 1,493.8 1,526.4 1,535.5 1,567.2 1,591,4 1,609.7 1,646.8 1,681.3 1,709.5 1,744.6 1,771.6 1,813.6
1,120.3 1,191.2 1,269.6 1,355.9 1,147.0 1,159.1 1,174.1 1,203.1 1,228.4 1,240.8 1,260.2 1,281.8 1,295.8 1,318.7 1,344.4 1,365.3 1,395.2 1,426.3 1,461.9
270.9 288.6 306.3 339.6 276.2 279.0 286.7 290.8 297.9 294.8 307.0 309.6 313.9 328.0 336.9 344.2 349.4 345.3 351.6
253.2 256.9 270.2 278.4 285.4 290.0 285.2 290.8
220.3 235.9 250.2 281.0 225.3 227.7 234.3 237.5 243.9 239.7 251.1
56.4
50.6
52.7
56.1
50.9
51.3
52.4
53.2
54.0
57.0
57.8
58.4
58.8
59.4
60.1
60.8
58.6
55.1
55.9
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
G overnm ent Current Receipts and Expenditures
90
August 2008
Table 3.9.6. Real Government Consumption Expenditures and Gross Investment, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures and gross
investment.................................
Consumption expenditures 1....
Gross investment2..................
Structures.............................
Equipment and software......
Federal.....................................................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
National defense...............................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
Nondefense.......................................
Consumption expenditures..........
Gross investment.........................
Structures.................................
Equipment and software..........
State and local......................................
Consumption expenditures..............
Gross investment.............................
Structures.....................................
Equipment and software..............
Residual................................................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
1 1,931.8 1,939.0 1,971.2 2,012.1 1,930.6 1,929.6 1,934.0 1,950.4 1,941.9 1,960.5 1,966.6 1,974.9 1,982.7 1,987.1
2 1,585.7 1,590.9 1,616.0 1,646.3 1,586.4 1,587.9 1,587.1 1,600.7 1,588.0 1,609.7 1,609.9 1,620.0 1,624.3 1,629.0
3 346.1
348.0 355.3 366.0 344.0 341.3 346.9 349.6 354.3 350.6 356.9 355.0
358.5 358.2
4 204.2
198.2
196.9
195.6 203.0
199.3
198.0
198.3
197.2
199.4 193.4
196.1
195.9 199.4
156.4 159.0
165.7 164.4
5 143.4
153.1
165.5 168.3
147.0
145.5 151.7
162.8
169.2 163.7
741.0
737.7
6 715.9
724.5
752.9
716.0
718.0
720.1
736.8
723.2
740.6
741.1
744.4
737.5
7 614.4 618.5 627.3 637.8 612.5 617.2 615.9 628.0 612.9 628.8 624.8 628.7 627.0 626.7
107.1
115.9 117.3
104.4
101.0
115.1
114.5
120.5 112.5
8
101.9
104.9
110.1
112.3 113.6
13.1
11.4
12.1
11.1
11.7
12.4
11.5
11.1
12.1
13.6
12.0
9
13.0
12.3
10.3
96.7
10
89.2
105.0 105.1
92.6
90.8
95.8
99.5
100.8 103.4
105.5 103.4
107.6 101.5
11
482.2
502.1
472.7
476.3
486.7
489.0
487.9
475.0
490.0
481.0
495.1
476.5
496.3
488.8
12 407.6 411.6 415.0 425.8 403.7 409.2 410.7 421.9 404.4 414.5 414.0 414.1
417.6 415.6
71.7
76.7
78.0
69.9
71.2
74.4
73.7
73.3
76.9
75.4
13
68.0
67.6
81.3
74.5
4.9
5.7
14
4.8
4.7
4.6
5.2
4.7
4.6
4.4
5.0
4.1
3.9
4.9
4.6
67.1
69.7
75.7
15
67.2
72.9
63.1
69.6
69.1
70.8
70.3
63.3
72.5
65.3
73.6
250.4
16 240.7 242.0
243.2
241.5
250.8
238.8
241.4
246.5
253.8
248.5
253.1
247.8
248.6
17 206.7 206.7 212.2 211.7 208.6 207.8 205.0 205.8 208.4 214.2 210.7 214.5 209.2 210.9
40.4
18
34.0
35.5
39.3
39.3
34.5
33.5
33.8
35.8
38.7
38.3
39.1
39.3
38.1
7.4
7.7
6.4
7.4
19
8.2
6.6
7.4
7.6
5.9
6.6
7.5
7.2
7.2
8.0
27.7
20
25.9
29.5
32.6
32.3
27.3
28.7
29.9
31.9
33.8
31.9
32.8
31.3
31.9
21 1,215.8 1,214.3 1,230.2 1,259.0 1,214.4 1,211.4 1,213.8 1,213.6 1,218.5 1,219.9 1,228.8 1,233.7 1,238.2 1,249.3
22 970.8 971.9 988.2 1,008.0 973.5 970.2 970.7 972.2 974.6 980.4 984.6 990.8 996.8 1,001.9
23 245.0 242.3 241.8 250.9 240.8 241.1
243.1
241.2 243.8 239.3 244.0 242.7 241.2 247.2
24
191.2 186.9
183.5 190.1
186.9
187.9
185.5 187.0
182.0
185.7 184.0
187.3
187.0
182.3
56.2
54.6
56.6
57.9
25
54.0
60.3
63.1
54.2
55.8
59.1
60.0
60.8
61.3
62.1
-0.7
-2.3
-4.7
-2.2
-2.7
-4.7
-5.0
-4.3
26
-5.1
-1.3
-0.9
-3.8
-5.0
-5.8
II
2008
III
IV
I
II
2,006.4 2,025.3 2,029.4 2,039.1 2,056.3
1,640.8 1,656.7 1,658.8 1,671.7 1,680.3
365.9
368.9
371.0 367.4 376.5
202.0 204.5 206.1
201.1
203.2
169.7
169.8 170.2
173.2
182.0
749.6
762.7
761.7
772.6
785.2
634.2
117.8
12.2
106.8
646.3
118.7
13.2
106.3
644.3
120.0
14.4
106.0
653.7
121.5
13.9
108.3
659.8
129.4
14.0
116.4
498.8
511.0
509.9
518.9
528.2
422.4
78.3
4.7
74.0
433.5
79.3
5.4
74.1
431.9
79.9
6.4
73.3
439.7
81.0
5.5
75.8
443.7
87.6
5.8
82.1
250.5
251.2
251.5
253.2
256.6
211.5
39.6
7.6
32.8
212.4
39.4
7.8
32.2
212.0
40.2
8.0
32.7
213.5
40.5
8.4
32.5
215.6
41.8
8.3
34.2
1,256.6 1,262.6 1,267.5 1,266.7 1,271.7
1,006.1 1,010.0 1,013.9 1,017.6 1,020.1
250.3 252.5 253.4 249.0 251.4
189.7
191.4
189.2
191.8
187.3
62.8
63.3
64.8
65.2
64.0
-7.9
-5.2
-4.8
-4.6
-6.0
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
N o te . Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 0 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 2008
Survey of C urrent B usiness
91
Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and General Government Gross Output
[P rc n
e e t]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures 1...............................
Gross output of general
government..............................
Value added..............................
Compensation of general
government employees....
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3...........
Durable goods......................
Nondurable goods................
Services................................
Less: Own-account investment4
Sales to other sectors......
Federal consumption expenditures 1........
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3...............................
Durable goods...........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Defense consumption expenditures1
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Nondefense consumption
expenditures 1...................................
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3...............................
Durable goods...........................
Commodity Credit
Corporation inventory
change..............................
Other nondurable goods......
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
State and local consumption
expenditures 1 ............................................
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Tuition and related
educational charges.....
Health and hospital
charges........................
Other sales.......................
2005
I
II
2006
III
IV
II
I
2007
III
IV
I
II
2008
III
IV
I
II
1
1.5
0.3
1.6
1.9
-1.4
0.4
-0.2
3.5
-3.1
5.6
0.0
2.5
1.1
1.2
2.9
3.9
0.5
3.2
2.1
2
3
1.4
0.5
0.5
0.7
1.3
0.6
1.9
1.3
-1.3
1.7
1.0
0.6
-0.4
0.2
3.3
0.4
-2.8
0.9
4.2
-0.5
0.3
0.6
2.1
2.3
0.8
1.2
1.7
1.0
2.8
0.8
3.9
2.1
0.3
1.6
2.9
2.2
2.0
2.1
4
0.2
0.4
0.2
1.0
1.6
0.3
-0.3
-0.1
0.5
-1.1
0.2
2.1
0.9
0.6
0.4
2.0
1.4
2.2
1.9
b
2.3
2.7
3.1
3.1
2.5
2.8
2.9
2.9
3.1
3.2
3.0
3.2
3.1
3.2
3.0
2.8
2.7
2.6
3.1
b
7
8
9
10
11
12
13
14
2.8
6.4
2.1
2.7
0.9
0.4
0.1
1.5
-0.1
0.0
2.0
1.5
2.4
5.9
1.6
2.4
-1.5
-0.5
2.8
6.2
2.8
2.5
3.5
1.8
-6.0
-5.3
-4.9
-6.5
-2.5
-0.7
1.7
-6.9
6.5
0.9
0.2
5.3
-1.3
7.6
-5.1
-0.6
10.1
-2.1
8.4
10.4
3.0
10.2
-1.0
2.5
-8.5
5.8
-0.6
-12.5
-2.6
-0.7
12.4
1.1
3.8
17.1
-9.8
-2.9
-0.3
1.3
-1.0
-0.1
6.0
1.4
1.9
13.5
8.7
-1.6
-1.0
0.0
0.1
14.2
-2.4
-0.2
2.4
-1.2
2.8
-13.2
5,4
3.4
3.5
5.0
6.1
16.3
2.7
6.5
7.9
1.8
6.7
20.0
5.3
6.1
3.8
3.3
-1.6
4.0
-4.1
-1.1
0.7
-0.8
3.9
6.8
2.1
4.4
-10.2
2.1
1.8
8.1
2.0
1.2
0.8
1.6
3.8
0.7
1.4
1.7
-5.1
3.1
-0.8
8.1
-2.5
2.5
-1.0
-0.2
4.9
7.8
-1.2
6.0
3.8
1.0
0.7
1.3
-0.1
1.6
0.7
-5.7
2.6
-9.3
10.8
3.8
1.0
4.4
0.6
-1.8
-1.0
9.0
-0.2
-9.4
1.6
9.9
-3.2
-2.0
0.1
2.3
3.6
-2.0
0.2
0.4
-0.8
4.7
-0.5
8.3
3.8
-2.1
1.4
5.7
3.7
3.8
3.9
1b
0.8
0.1
-1.1
0.0
2.6
0.0
-2.1
-1.1
1.1
-5.1
-0.7
3.6
-0.7
-2.0
-1.6
4.0
0.9
4.0
3.9
16
1.8
2.7
3.5
3.5
2.3
2.7
3.0
3.1
3.5
3.9
3.5
3.7
3.6
3.7
3.5
3.1
3.0
2.7
3.6
1/
18
19
20
21
22
23
24
25
7.5
10.7
12.1
6.6
-4.0
6.6
1.4
2.6
4.2
0.9
-0.5
39.1
3.1
8.6
-1.3
3.1
-1.7
-10.0
2.7
7.8
0.9
2.3
-4.1
-1.4
-15.2
-8.8
-26.5
-14.4
-9.6
-45.5
9.7
-10.8
73.2
6.0
-9.4
283.3
-2.7
12.8
-23.5
-1.2
6.8
-61.4
22.0
18.2
19.0
22.9
6.6
149.5
-21.6
9.6
-7.3
-26.5
29.4
0.2
5.8
37.4
-13.1
-37.5
-4.6
0.4
-19.0
-3.0
2.8
60.9
0.6
21.1
40.4
-6.2
8.1
-20.4
-4.8
20.9
-28.3
^ .0
0.0
-68.1
1.8
-22.9
17.2
3.6
-15.6
124.0
11.8
25.3
1.5
11.7
-4.7
-6.3
14.2
32.0
19.6
11.3
4.3
73.5
-6.2
5.1
-30.6
-3.6
-11.2
-58.4
8.1
10.8
9.3
7.6
-10.4
-14.4
3.6
12.1
6.9
2.1
-6.8
6.3
-4 .5
-17.4
5.2
1.0
0.8
2.6
-10.2
5.5
1.6
11.3
-15.6
10.4
-0.6
0.1
3.4
-1.9
6.7
10.9
-1.4
1.1
0.9
0.9
-0.5
2.6
0.5
-11.2
2.2
6.4
0.7
7.4
3.6
5.1
1.8
1.5
-1.1
11.5
0.5
-16.2
0.9
11.0
-4.5
0.2
-0.6
-0.4
4.0
2.4
0.9
-0.7
-2.5
5.9
-0.7
11.8
4.2
-2.5
1.2
7.0
3.1
3.6
3.0
2b
1.8
0.3
-1.6
-0.4
2.1
0.1
-2.2
-0.2
0.3
-6.8
-1.6
4.2
0.2
-4.3
-1.8
4.7
0.7
3.3
2.8
2!
1.8
2.5
3.0
3.1
2.3
2.7
2.8
2.8
2.9
3.2
2.9
3.1
3.1
3.3
3.1
2.9
2.8
2.6
3.5
28
29
30
31
32
33
9.3
10.4
13.9
8.7
-7.9
0.9
1.3
1.6
-0.3
1.5
-5.4
25.1
2.6
8.4
-3.6
2.4
-2.0
6.7
5.2
8.5
2.8
4.9
-4.5
7.4
-24.7
-10.5
-65.8
-20.9
4.4
-88.6
13.7
-12.6
62.5
14.8
-30.0
596.5
4.7
12.5
44.9
0.0
3.9
-5.2
25.8
18.3
6.9
29.4
2.2
51.3
-32.9
9.4
-30.5
-38.3
4.0
-80.4
33.1
-2.4
2.1
44.6
-17.3
235.3
1.1
2.1
-21.8
3.7
3.2
180.3
-5.3
21.0
74.7
-15.4
3.4
-46.6
4.2
23.4
-37.2
7.2
7.9
-81.5
1.5
-23.8
34.6
3.5
-15.8
746.0
14.2
26.5
-4.9
14.6
-7.5
-62.6
21.0
34.4
34.8
17.4
-5.0
264.4
-6.5
4.6
-49.1
-1.8
-4.8
-80.4
11.6
11.5
12.3
11.6
-12.7
-39.2
4.3
12.6
10.0
2.2
-10.2
0.3
34
35
36
1.1
0.0
2.6
-0.2
6.0
-1.5
-5.4
1.6
5.1
11.6
-6.3
7.5
-9.6
3.3
1.2
1.7
-0.8
2.9
4.1
1.2
-0.5
0.8
0.3
2.1
0.6
-0.4
1.3
6.3
3.3
0.7
0.3
-8.0
-1.0
4.1
-1.6
6.2
3.0
8.0
-0.8
-6.2
1.4
7.7
2.9
-10.4
-1.2
2.4
2.4
2.4
-0.2
1.5
3.0
-1.1
1.7
2.9
4.9
4.1
5.6
3/
-1.0
-0.2
-0.2
0.6
3.5
-0.2
-1.9
-2.7
2.6
-2.1
0.8
2.4
-2.4
1.9
-1.1
2.9
1.4
5.4
5.9
38
1.9
3.0
5.0
4.6
2.4
2.6
3.4
4.2
5.0
5.7
4.9
5.2
4.9
4.9
4.3
3.6
3.5
2.8
3.9
39
40
41
3.7
14.7
1.4
14.3
4.3
11.7
-2.8
0.9
10.9
13.7
1.4
12.0
-17.4
16.3
13.4
17.5
11.1
11.9
21.8
33.3
-16.0
-16.4
14.9
22.1
-22.3
^t.1
2.4
-12.2
6.4
12.2
-0.7
6.1
-5.3
10.7
-0.2
1.9
2.0
5.1
4?
43
44
45
46
16.6
2.4
-0.4
11.0
6.4
-0.4
3.7
49.1
-0.8
4.5
-1.4
-20.3
-1.8
-3.1
-3.8
-8.9
25.4
1.3
-20.2
49.9
22.0
-10.5
12.7
180.8
0.8
-3.8
9.2
-79.7
-17.3
9.3
10.2
270.5
9.1
7.0
-10.8
72.9
21.0
23.8
-9.6
-75.3
-22.0
-16.0
2.5
-2.2
6.6
16.6
12.0
15.2
-15.8
-24.2
-5.9
-52.0
-0.3
3.7
-15.4
-34.3
12.1
5.5
-2.4
138.4
-1.5
-1.4
12.2
-15.5
6.3
-7.7
-15.9
-13.7
5.1
-1.4
-8.6
10.5
7.6
1.7
-4.0
10.7
4/
48
49
0.1
0.1
1.7
2.0
1.2
-1.3
0.2
0.6
1.0
2.4
1.7
2.5
2.4
2.0
1.7
1.5
1.6
1.4
1.0
0.2
0.3
0.3
0.8
1.3
0.9
2.0
1.6
1.0
1.3
-0.7
0.6
0.4
0.8
0.5
0.6
0.7
0.6
1.4
0.7
1.5
0.8
2.1
1.7
2.3
1.7
2.4
1.8
1.9
1.4
1.7
1.3
1.6
1.7
1.5
1.6
1.1
1.3
50
0.0
0.5
0.6
1.4
1.1
0.4
0.5
0.3
0.3
0.5
0.6
1.6
1.5
1.7
1.3
1.2
1.5
1.4
1.1
51
2.8
2.8
2.7
2.7
2.7
2.8
2.8
2.8
2.7
2.7
2.7
2.8
2.8
2.8
2.7
2.6
2.6
2.5
2.7
52
53
54
55
56
57
-0.1
0.8
0.3
-0.3
2.1
0.2
-0.7
0.0
-0.9
-0.6
2.6
0.7
1.9
1.9
2.2
1.8
-1.5
-0.2
2.8
3.6
3.2
2.6
5.4
1.9
0.5
-0.1
0.0
0.8
-0.6
0.7
-3.2
-1.1
-3.4
-3.2
2.6
1.7
-0.3
0.7
-0.7
-0.2
10.9
0.5
0.2
0.1
0.0
0.3
-2.8
0.1
1.1
0.4
0.9
1.2
-2.2
-0.1
2.8
2.5
3.4
2.4
-9.0
-1.6
2.6
2.8
3.0
2.4
6.7
0.1
2.8
3.0
3.3
2.5
-3.0
0.6
3.3
4.3
3.9
3.0
3.0
1.4
3.3
4.0
3.3
3.3
8.5
3.2
2.7
3.9
2.9
2.5
10.9
2.1
2.2
3.2
2.8
1.8
3.7
2.0
1.4
2.4
1.9
1.0
3.4
1.3
1.4
0.6
0.9
1.7
-10.1
2.5
0.7
1.7
1.1
0.4
2.5
1.5
58
-3.5
0.1
0.7
1.1
-1.9
3.1
0.6
1.4
2.9
-0.7
-0.2
0.6
0.8
2.6
0.7
0.4
0.5
2.0
2.0
59
60
-0.4
4.0
-1.6
4.7
-2.4
2.4
1.5
3.0
-1.1
5.4
-1.2
5.5
-2.0
4.3
-3.2
4.1
-3.0
2.2
-3.6
0.5
-2.1
3.5
-0.6
2.3
0.7
3.0
2.9
4.0
2.3
2.7
2.2
2.7
1.8
1.3
2.0
3.6
2.0
0.3
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5.
92
G overnm ent Current Receipts and Expenditures
August 2008
Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes
[In e n me , 2 0 = 0 ]
d x u b rs 0 0 1 0
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures 1 ..............................
Gross output of general
government..............................
Value added.............................
Compensation of general
government employees....
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
Durable goods.....................
Nondurable goods...............
Services...............................
Less: Own-account investment4
Sales to other sectors .....
Federal consumption expenditures 1......
Gross output of general government
Value added.................................
Compensation of general
government employees.......
Consumption of general
government fixed capital 2..„
Intermediate goods and services
purchased 3.............................
Durable goods.........................
Nondurable goods...................
Services...................................
Less: Own-account investment4.....
Sales to other sectors.........
Defense consumption expenditures1
Gross output of general government
Value added.................................
Compensation of general
government employees.......
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3.............................
Durable goods.........................
Nondurable goods...................
Services...................................
Less: Own-account investment4.....
Sales to other sectors.........
Nondefense consumption
expenditures 1 ..................................
Gross output of general government
Value added.................................
Compensation of general
government employees.......
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods.........................
2006
2005
I
II
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 111.896 112.267 114.036 116.177 111.947 112.052 111.994 112.960 112.062 113.595 113.607 114.317 114.624 114.955 115.787 116.911 117.054 117.969 118.574
2 111.525 112.084 113.501 115.637 111.617 111.902 111.801 112.716 111.917 113.087 113.164 113.765 113.988 114.464 115.266 116.363 116.456 117.287 117.866
3 105.592 106.376 106.991 108.403 106.068 106.232 106.283 106.378 106.613 106.482 106.649 107.255 107.577 107.848 108.073 108.634 109.058 109.661 110.230
4 104.827 105.257 105.415 106.483 105.214 105.284 105.217 105.197 105.332 105.037 105.093 105.650 105.881 106.047 106.165 106.680 107.042 107.616 108.126
fa 110.134 113.147 116.639 120.211 111.165 111.924 112.722 113.541 114.400 115.310 116.177 117.084 117.985 118.915 119.808 120.651 121.472 122.253 123.188
6
7
8
9
10
11
12
13
14
122.606
118.527
115.444
125.507
109.064
109.431
122.734
120.323
115.354
125.554
111.255
111.028
125.668
127.388
117.172
128.535
109.591
110.483
129.172
135.247
120.430
131.716
113.472
112.458
121.967
118.875
114.287
124.955
109.539
109.750
122.477
116.773
116.101
125.227
109.582
111.165
122.085
118.936
114.593
125.024
112.257
110.579
124.558
121.928
115.452
128.091
111.964
111.275
121.815
123.654
115.272
123.874
111.219
111.092
125.432
123.993
116.351
128.849
108.375
110.291
125.341
124.403
116.049
128.801
109.959
110.667
125.934
128.417
118.496
128.284
109.689
110.657
125.965
132.738
117.793
128.206
110.343
110.317
126.826
128.116
119.366
129.292
111.290
111.668
128.724
133.033
120.161
131.353
113.418
112.179
130.834
139.226
121.735
133.300
114.494
113.105
130.303
140.611
120.457
132.919
114.684
112.880
131.557
142.939
121.092
134.350
111.647
113.481
132.157
145.736
121.694
134.744
111.877
113.919
123.057 123.873 125.637 127.744 122.659 123.605 123.357 125.779 122.749 125.931 125.133 125.906 125.580 125.504 127.012 129.427 129.032 130.915 132.138
122.461 123.649 125.231 127.251 122.140 123.475 122.931 125.619 122.570 125.510 124.887 125.585 124.942 125.055 126.507 129.057 128.384 130.172 131.377
106.285 106.992 106.857 107.655 106.979 107.127 106.845 106.780 107.217 106.346 106.383 107.324 107.375 107.162 107.026 108.030 108.402 109.403 110.443
15 106.813 106.948 105.769 105.768 107.456 107.452 106.883 106.576 106.880 105.502 105.305 106.231 106.037 105.500 105.082 106.119 106.369 107.428 108.470
16 104.633 107.428 111.216 115.096 105.503 106.197 106.975 107.806 108.733 109.771 110.706 111.704 112.685 113.718 114.687 115.565 116.413 117.186 118.221
17
18
19
20
21
22
23
24
25
150.036
128.791
151.941
153.088
115.272
81.073
152.081
132.081
158.328
154.405
114.685
112.759
156.793
143.477
156.342
159.115
112.762
101.447
161.051
154.736
157.686
162.834
108.130
99.992
147.904
129.306
142.629
151.459
115.497
86.591
151.357
125.647
163.616
153.683
112.692
121.160
150.330
129.491
153.025
153.233
114.564
95.482
157.982
135.028
159.837
161.334
116.415
120.006
148.656
138.159
156.835
149.370
115.070
114.389
158.547
138.229
159.070
161.723
111.091
101.709
156.700
138.351
150.896
160.486
111.852
114.552
156.925
145.136
164.260
157.935
114.059
108.190
155.002
152.191
151.144
156.313
114.048
81.336
155.696
142.594
157.245
157.689
109.322
99.508
160.112
150.876
157.815
162.113
108.027
97.894
165.505
161.735
165.041
166.528
109.183
112.356
162.891
163.740
150.643
165.006
105.986
90.211
166.109
167.994
154.043
168.068
103.115
86.760
167.596
172.860
156.627
168.937
101.325
88.094
126.782 128.012 129.097 132.457 125.573 127.267 127.758 131.231 125.792 128.942 128.760 128.796 129.892 129.267 131.394 134.826 134.343 136.773 138.004
126.772 128.126 129.245 132.615 125.461 127.423 127.903 131.437 125.742 129.057 129.125 129.009 129.787 129.575 131.446 135.148 134.289 136.595 137.803
107.152 108.067 107.490 107.989 107.960 108.153 107.862 108.002 108.252 107.018 106.868 107.912 108.161 107.481 107.304 108.426 108.747 109.583 110.383
26 109.061 109.413 107.634 107.247 109.858 109.884 109.261 109.212 109.294 107.389 106.948 108.066 108.133 106.959 106.465 107.690 107.873 108.743 109.494
27 102.270 104.872 108.009 111.333 103.108 103.788 104.504 105.218 105.979 106.817 107.587 108.406 109.225 110.107 110.956 111.751 112.518 113.253 114.223
28
29
30
31
32
33
159.592
127.242
147.040
168.366
151.545
110.827
161.706
129.261
146.595
170.819
143.326
138.676
165.878
140.057
141.326
174.871
140.455
147.916
174.466
151.923
145.268
183.437
134.069
158.862
154.577
127.259
122.741
164.522
154.762
89.653
159.620
123.031
138.582
170.297
141.570
145.646
161.455
126.709
152.036
170.318
142.920
143.696
170.983
132.150
154.591
181.669
143.694
159.379
154.766
135.154
141.171
160.994
145.120
105.983
166.243
134.320
141.909
176.551
138.389
143.417
166.686
135.024
133.433
178.174
139.470
185.562
164.440
141.621
153.400
170.872
140.639
158.621
166.143
149.261
136.563
173.886
143.323
104.064
166.781
139.457
147.088
175.387
137.298
177.480
172.429
147.906
145.260
181.464
134.666
138.761
180.841
159.259
156.506
188.880
132.967
191.719
177.813
161.068
132.219
188.019
131.345
127.489
182.777
165.524
136.110
193.245
126.970
112.586
184.705
170.525
139.403
194.309
123.613
112.659
34 116.217 116.264 119.305 119.048 117.319 116.880 115.258 115.729 117.191 120.442 118.486 120.650 117.642 118.595 118.943 119.441 119.214 120.061 121.272
35 114.771 115.661 118.091 117.634 116.233 116.440 114.043 115.204 116.956 119.222 117.335 119.529 116.278 116.983 117.671 118.107 117.776 118.612 119.815
36 104.757 105.096 105.759 107.103 105.250 105.320 105.051 104.620 105.391 105.176 105.553 106.309 105.999 106.639 106.576 107.366 107.832 109.139 110.623
3/ 103.387 103.184 102.963 103.588 103.793 103.742 103.256 102.541 103.197 102.661 102.855 103.476 102.859 103.354 103.058 103.790 104.149 105.523 107.044
38 111.294 114.645 120.338 125.857 112.254 112.989 113.946 115.119 116.526 118.146 119.568 121.090 122.549 124.029 125.356 126.477 127.566 128.451 129.675
39 132.377 134.296 140.031 136.156 135.641 136.108 129.738 133.878 137.459 144.399 138.236 143.124 134.364 135.158 137.270 137.018 135.177 135.112 135.771
40 148.632 169.926 189.785 191.432 156.140 160.639 166.812 173.657 178.595 191.905 183.489 192.889 190.858 184.750 190.135 192.949 197.895 198.811 201.318
41
Commodity Credit
Corporation inventory
Other nondurable goods......
Services...................................
Less: Own-account investment4.....
Sales to other sectors.........
State and local consumption
expenditures 1 ...........................................
Gross output of general government
Value added.................................
Compensation of general
government employees.......
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods...................
Services...................................
Less: Own-account investment4.....
Sales to other sectors.........
Tuition and related
educational charges....
Health and hospital
charges.......................
Other sales......................
42
43
44
45
46
184.959
128.298
95.737
68.406
196.781
127.763
99.324
102.026
195.178
133.542
97.917
81.276
191.742
129.393
94.236
74.060
190.374
130.288
94.328
85.914
200.079
126.721
97.198
111.213
200.457
125.503
99.361
74.628
191.182
128.322
101.808
103.535
195.406 204.927 192.607 195.715 187.463
130.506 137.662 131.772 136.943 127.793
98.929 96.457 97.043 99.840 98.330
118.729 83.740 83.270 86.269 71.825
187.304
128.961
94.304
64.654
192.717
130.703
93.744
80.335
191.994
130.254
96.490
77.019
194.955
127.656
92.406
74.232
197.377
127.203
90.355
76.115
201.028
127.755
89.429
78.070
47 105.773 105.899 107.669 109.828 106.071 105.713 105.763 105.929 106.190 106.825 107.283 107.958 108.611 109.163 109.624 110.046 110.478 110.874 111.151
48 106.661 106.939 108.282 110.470 106.937 106.752 106.853 106.977 107.172 107.558 107.949 108.508 109.114 109.751 110.263 110.718 111.146 111.560 111.867
49 105.282 106.100 107.046 108.732 105.661 105.832 106.030 106.195 106.342 106.539 106.764 107.220 107.662 108.148 108.535 108.898 109.346 109.773 110.133
50 104.083 104.627 105.306 106.797 104.371 104.468 104.595 104.686 104.757 104.883 105.040 105.452 105.848 106.291 106.624 106.933 107.338 107.722 108.021
51 115.363 118.581 121.820 125.143 116.544 117.364 118.180 118.990 119.791 120.589 121.398 122.228 123.063 123.908 124.741 125.559 126.363 127.154 128.012
52
53
54
55
56
57
109.278
106.447
110.152
109.056
107.773
110.284
108.500
106.499
109.131
108.348
110.607
111.018
110.600
108.543
111.491
110.307
109.000
110.778
113.735
112.493
115.011
113.163
114.845
112.849
109.351
106.594
110.178
109.147
108.305
110.452
108.471
106.307
109.224
108.263
109.003
110.921
108.381
106.505
109.027
108.211
111.868
111.049
108.430
106.539
109.021
108.291
111.083
111.066
108.719
106.643
109.253
108.627
110.473
111.037
109.467
107.299
110.174
109.285
107.888
110.578
110.171
108.038
110.980
109.929
109.663
110.602
110.924
108.841
111.872
110.598
108.822
110.769
111.840
109.992
112.936
111.415
109.628
111.163
112.763
111.075
113.864
112.324
111.882
112.050
113.511
112.140
114.685
113.009
114.805
112.621
114.137
113.039
115.471
113.523
115.864
113.173
114.528
113.720
116.024
113.797
116.828
113.553
114.918
113.888
116.279
114.288
113.749
114.265
115.132
114.374
116.609
114.408
114.440
114.678
58 104.111 104.168 104.864 105.994 102.892 103.686 103.845 104.199 104.943 104.766 104.722 104.884 105.084 105.773 105.945 106.058 106.200 106.732 107.264
59 111.943 110.187 107.533 109.117 111.612 111.268 110.695 109.810 108.976 107.990 107.427 107.264 107.450 108.233 108.852 109.451 109.932 110.481 111.033
60 112.266 117.498 120.372 123.990 114.286 115.816 117.047 118.242 118.888 119.039 120.058 120.753 121.638 122.851 123.671 124.511 124.927 126.045 126.138
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment
(construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5.
August 2008
Survey of Current B usiness
93
Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output
[In e n me , 2 0 = 0 ]
d x u b rs 0 0 1 0
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures 1...............................
Gross output of general
government...............................
Value added.............................
Compensation of general
government employees....
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3...........
Durable goods.......................
Nondurable goods................
Services................................
Less; Own-account investment4
Sales to other sectors......
Federal consumption expenditures 1........
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3...............................
Durable goods...........................
Nondurable goods....................
Services......
Less: Own-account investment4......
Sales to other sectors..........
Defense consumption expenditures1
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods....................
Services.....
Less: Own-account investment4......
Sales to other sectors..........
Nondefense consumption
expenditures 1...................................
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3...............................
Durable goods..........................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 116.293 123.040 128.804 134.359 118.293 120.748 121.891 124.018 125.502 127.146 128.541 129.512 130.015 132.068 133.820 134.878 136.669 139.047 141.654
2 116.486 122.980 128.665 134.197 118.465 120.759 121.897 123.868 125.396 126.962 128.332 129.382 129.985 131.952 133.628 134.699 136.510 138.733 141.145
3 119.394 125.233 130.843 136.547 120.853 123.542 124.390 126.018 126.981 129.154 130.107 131.350 132.761 134.899 136.058 137.091 138.142 139.658 140.766
4 122.096 128.058 133.771 139.519 123.349 126.388 127.198 128.858 129.788 132.201 132.984 134.241 135.659 137.874 139.042 140.053 141.108 142.722 143.828
b 105.014 110.194 115.252 120.682 107.537 108.411 109.449 110.898 112.020 112.990 114.777 115.940 117.299 119.037 120.137 121.268 122.286 123.312 124.420
6
7
8
9
10
11
12
13
14
111.610
102.205
113.608
112.031
114.488
117.853
119.105
104.166
130.337
117.049
119.793
122.835
124.888
106.594
140.070
121.891
124.494
128.096
130.138
107.355
148.731
126.514
129.105
133.553
114.390
102.997
120.794
113.559
116.152
119.718
116.062
103.668
123.182
115.096
118.012
121.032
117.652
104.063
126.545
116.219
118.977
122.148
120.151
104.351
133.333
117.543
120.491
123.169
122.556
104.583
138.288
119.336
121.693
124.992
123.170
105.279
137.366
120.445
122.970
126.087
125.173
106.384
143.066
121.339
124.007
127.321
125.926
107.117
142.723
122.451
125.134
128.872
125.285
107.598
137.124
123.327
125.864
130.106
126.991
107.406
140.378
124.729
127.417
131.556
129.454
107.273
147.176
126.041
128.559
132.784
130.581
107.271
148.662
127.175
129.653
133.942
133.528
107.470
158.706
128.109
130.793
135.929
136.809
107.837
169.221
129.367
132.347
137.206
141.172
108.509
182.735
131.180
133.835
138.421
117.788 123.890 129.409 134.215 119.122 122.844 123.443 124.536 124.738 128.167 129.506 129.824 130.139 132.859 134.217 134.490 135.294 137.386 139.159
117.759 123.856 129.318 134.117 119.084 122.786 123.382 124.473 124.784 128.085 129.407 129.731 130.047 132.765 134.116 134.391 135.197 137.278 139.035
123.094 129.882 136.545 142.629 123.838 129.449 129.466 130.323 130.290 135.762 136.743 136.410 137.265 141.734 143.041 142.719 143.022 145.621 146.544
1b 129.784 138.008 145.848 153.196 130.297 137.625 137.586 138.580 138.242 145.264 146.186 145.426 146.518 152.254 153.915 153.209 153.405 156.846 157.736
16 103.699 106.336 109.674 112.290 105.123 105.755 105.938 106.408 107.242 108.356 109.491 110.326 110.523 111.538 111.886 112.580 113.157 113.502 114.495
17
18
19
20
21
22
23
24
25
110.623
101.270
109.200
112.120
120.078
112.689
115.876
102.696
126.046
116.423
125.223
118.621
119.930
104.845
133.758
120.285
130.184
119.313
123.265
104.642
139.217
123.877
135.161
123.360
112.607
101.895
118.141
113.428
121.072
113.354
114.074
102.456
118.071
115.201
124.294
115.530
115.341
102.758
123.543
116.050
124.635
116.027
116.692
102.789
130.742
116.845
125.839
116.808
117.397
102.780
131.829
117.597
126.125
126.120
118.205
103.353
129.986
118.776
128.977
118.840
119.893
104.685
136.298
119.951
130.202
118.777
120.949
105.490
137.131
121.065
130.719
119.544
120.673
105.853
131.617
121.346
130.839
120.092
121.421
105.240
131.082
122.447
134.224
122.162
122.820
104.691
136.892
123.581
135.372
122.960
123.740
104.293
139.896
124.439
135.524
123.434
125.078
104.345
148.996
125.043
135.524
124.884
126.576
104.337
154.817
126.276
137.738
125.743
129.204
104.905
170.125
127.756
138.585
126.171
118.480 125.176 131.213 136.220 120.016 124.033 124.682 125.815 126.174 129.855 131.307 131.702 131.988 134.516 136.085 136.573 137.704 139.603 141.746
118.483 125.166 131.190 136.200 120.015 124.025 124.673 125.803 126.162 129.834 131.280 131.680 131.966 134.499 136.065 136.552 137.682 139.582 141.715
124.094 131.950 139.545 146.218 125.012 131.583 131.603 132.297 132.318 138.732 139.626 139.361 140.463 144.868 146.514 146.472 147.018 149.545 150.751
26 132.270 142.192 151.433 159.639 132.879 141.897 141.887 142.675 142.310 150.900 151.646 150.807 152.381 158.139 160.298 159.797 160.322 163.763 164.937
27 104.557 107.412 111.114 114.249 106.251 106.865 106.964 107.437 108.383 109.661 110.890 111.945 111.958 113.255 113.736 114.709 115.297 115.762 117.018
28
29
30
31
32
33
111.269
102.120
111.593
113.165
120.452
117.375
116.632
103.746
137.124
117.254
126.437
122.307
120.944
106.255
149.576
121.147
132.160
126.570
124.212
106.301
156.573
124.706
137.008
132.067
113.443
102.810
125.050
114.489
121.743
118.238
114.653
103.414
124.032
116.026
125.343
121.384
115.990
103.788
132.492
116.869
125.633
122.149
117.578
103.871
144.557
117.726
127.161
122.734
118.308
103.911
147.416
118.397
127.610
122.960
119.027
104.582
142.758
119.612
130.766
125.486
121.035
106.050
154.395
120.872
132.281
126.181
122.132
106.957
156.014
121.946
132.936
127.043
121.583
107.431
145.135
122.156
132.658
127.572
122.183
106.869
143.333
123.194
135.901
130.509
123.662
106.313
153.172
124.286
137.244
131.732
124.664
105.956
156.904
125.300
137.669
132.150
126.338
106.067
172.884
126.045
137.219
133.879
127.603
106.142
180.365
127.053
139.726
135.565
130.578
106.800
209.229
128.418
141.237
136.024
34 116.530 121.462 125.964 130.378 117.462 120.610 121.107 122.123 122.009 124.948 126.067 126.233 126.608 129.716 130.659 130.499 130.637 133.128 134.144
35 116.464 121.430 125.805 130.200 117.386 120.502 120.992 122.004 122.220 124.812 125.894 126.068 126.446 129.533 130.468 130.321 130.479 132.929 133.930
36 121.392 126.304 131.334 136.397 121.829 125.755 125.765 126.911 126.784 130.605 131.738 131.287 131.708 136.289 137.008 136.205 136.086 138.809 139.246
3/ 126.103 131.708 137.396 143.439 126.470 131.188 131.103 132.420 132.123 136.735 137.924 137.284 137.640 143.344 144.250 143.232 142.928 146.369 146.831
38 101.475 103.545 105.956 107.265 102.200 102.878 103.278 103.739 104.286 104.981 105.877 106.153 106.812 107.118 107.133 107.129 107.681 107.725 108.065
39 109.314 114.328 117.819 121.314 110.883 112.911 114.037 114.854 115.510 116.500 117.503 118.475 118.798 119.894 121.122 121.853 122.386 124.457 126.231
40 91.895 91.261 89.990 87.379 91.816 91.931 91.517 91.041 90.556 90.196 90.262 90.104 89.400 88.288 87.810 86.995 86.423 85.568 85.178
41
Commodity Credit
Corporation inventory
4'?
Other nondurable goods......
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
State and local consumption
expenditures 1 ............................................
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Tuition and related
educational charges.....
Health and hospital
charges........................
Other sales.......................
43
44
45
46
107.470
110.310
119.680
109.960
114.554
115.080
124.136
116.451
117.215
118.890
128.498
114.981
121.338
122.569
133.568
117.891
110.404
111.587
120.419
110.532
111.895
113.862
123.330
112.443
114.464
114.733
123.714
112.761
116.201
115.397
124.670
113.599
115.655
116.326
124.829
126.999
116.275
117.430
127.437
115.142
117.489
118.430
128.436
114.335
117.503
119.631
128.845
114.957
117.593
120.066
129.272
115.488
118.469
121.317
132.766
116.988
120.050
122.552
133.760
117.423
122.336
123.063
133.703
117.964
124.497
123.343
134.044
119.188
128.643
125.119
136.032
119.503
130.866
126.888
136.376
119.910
47 115.403 122.562 128.485 134.517 117.827 119.477 120.965 123.752 126.054 126.565 127.994 129.380 130.000 131.634 133.634 135.190 137.612 140.173 143.319
48 115.880 122.578 128.379 134.287 118.192 119.770 121.182 123.605 125.754 126.436 127.830 129.252 129.999 131.586 133.426 134.904 137.230 139.527 142.277
49 117.855 123.295 128.464 134.010 119.619 121.073 122.273 124.226 125.608 126.397 127.338 129.239 130.882 132.050 133.147 134.741 136.102 137.167 138.353
50 119.400 124.556 129.517 134.707 120.922 122.425 123.540 125.440 126.821 127.602 128.336 130.300 131.832 132.820 133.817 135.419 136.771 137.751 138.931
b1 106.221 113.624 120.189 128.103 109.705 110.791 112.575 114.879 116.253 117.098 119.457 120.908 123.292 125.669 127.434 128.950 130.359 131.989 133.198
52
53
54
55
56
57
112.273
103.356
114.343
111.928
113.125
117.964
121.279
106.098
131.020
117.549
118.463
122.916
128.245
108.948
141.168
123.229
123.101
128.311
134.810
111.263
150.480
128.737
127.627
133.804
115.581
104.391
121.158
113.640
114.946
119.860
117.389
105.216
124.058
114.973
116.493
121.152
119.194
105.744
126.958
116.325
117.596
122.288
122.483
106.415
133.643
118.107
119.177
123.317
126.050
107.016
139.423
120.789
120.586
124.909
126.528
107.905
138.694
121.840
121.505
126.255
128.749
108.659
144.255
122.489
122.500
127.529
129.294
109.278
143.663
123.602
123.764
129.104
128.408
109.949
138.061
124.985
124.634
130.355
130.766
110.428
142.093
126.644
125.787
131.787
133.955
110.953
149.091
128.111
126.927
133.025
135.226
111.609
150.258
129.486
128.215
134.202
139.295
112.062
160.480
130.707
129.581
136.203
143.815
113.079
171.909
131.986
131.002
137.490
149.395
113.931
185.050
134.090
132.612
138.723
58 133.166 143.168 152.756 162.313 137.259 139.599 142.281 144.380 146.369 148.870 151.482 154.134 156.524 158.815 161.181 163.240 166.002 168.651 171.447
59 117.113 121.196 125.955 130.111 118.552 119.647 120.502 121.529 123.104 124.123 125.391 126.697 127.610 128.592 129.434 130.276 '132.143 132.719 133.681
60 109.778 113.083 116.990 122.004 111.088 112.039 112.690 113.111 114.494 115.649 116.189 117.526 118.598 120.145 121.286 122.418 124.167 125.647 126.391
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5.
94
G overnm ent Current Receipts and Expenditures
August 2008
Table 3.10.5. Government Consumption Expenditures and General Government Gross Output
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures 1..............................
Gross output of general
government..............................
Value added............................
Compensation of general
government employees....
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
Durable goods.....................
Nondurable goods...............
Services...............................
Less: Own-account investment4
Sales to other sectors
Federal consumption expenditures 1
Gross output of general government
Value added.................................
Compensation of general
government employees
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods.........................
Nondurable goods...................
Services...................................
Less: Own-account investment4.....
Sales to other sectors
Defense consumption expenditures1
Gross output of general government
Value added.................................
Compensation of general
government employees
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods.........................
Nondurable goods...................
Services...................................
Less: Own-account investment4
Sales to other sectors.
Nondefense consumption
expenditures 1 ..................................
Gross output of general government
Value added.................................
Compensation of general
government employees
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods.........................
Nondurable goods...................
Commodity Credit
Corporation inventory
change .............................
Other nondurable goods
Services...................................
Less: Own-account investment4
Sales to other sectors.........
State and local consumption
expenditures 1 ...........................................
Gross output of general government
Value added.................................
Compensation of general
government employees
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods.........................
Nondurable goods...................
Services...................................
Less: Own-account investment4
Sales to other sectors .......
Tuition and related
educational charges ...
Health and hospital
charges.......................
Other sales......................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 1,844.0 1,957.5 2,081.5 2,212.0 1,876.5 1,917.3 1,934.4 1,985.2 1,993.0 2,046.7 2,069.3 2,098.0 2,111.8 2,151.2 2,195.5 2,234.4 2,266.8 2,324.3 2,380.0
2 2,159.6 2,291.4 2,427.7 2,579.7 2,198.1 2,246.4 2,265.5 2,321.0 2,332.9 2,386.8 2,414.1 2,446.8 2,463.0 2,510.6 2,560.3 2,605.4 2,642.5 2,704.7 2,765.3
3 1,348.4 1,424.9 1,497.3 1,583.2 1,371.0 1,403.7 1,414.0 1,433.8 1,448.0 1,470.9 1,484.1 1,506.8 1,527.5 1,556.0 1,572.7 1,592.8 1,611.3 1,638.0 1,659.6
4 1,156.0 1,217.4 1,273.7 1,341.8 1,172.2 1,201.9 1,208.8 1,224.3 1,234.8 1,254.2 1,262.2 1,280.9 1,297.3 1,320.5 1,333.2 1,349.4 1,364.2 1,387.2 1,404.6
5
192.4
207.5
223.7
241.4
198.9
201.9
205.3
209.5
213.2
216.8
221.8
225.8
230.2
235.5
239.5
6
7
8
9
10
11
12
13
14
811.2
53.4
190.6
567.2
22.6
293.0
866.5
55.3
218.5
592.8
24.1
309.8
930.3
59.9
238.5
632.0
24.7
321.5
996.5
64.0
260.3
672.2
26.5
341.2
827.0
54.0
200.6
572.4
23.0
298.5
842.6
53.4
207.8
581.4
23.4
305.7
851.4
54.6
210.7
586.1
24.2
306.9
887.1
56.1
223.7
607.4
24.4
311.4
885.0
57.0
231.6
596.3
24.5
315.5
915.8
57.5
232.2
626.1
24.1
315.9
930.0
58.3
241.2
630.5
24.7
320.1
940.0
60.6
245.7
633.7
24.8
324.0
935.5
63.0
234.7
637.8
25.1
326.1
954.6
60.7
243.5
650.5
25.7
333.7
987.6 1,012.5 1,031.2 1,066.7 1,105.7
62.9
65.9
66.6
68.0
69.7
256.9 262.9 277.7 297.7 323.1
667.8 683.8 686.8 701.0 712.9
26.4
27.1
26.9
27.1
26.7
338.4 344.2 348.6 353.7 358.2
243.4
723.7
766.3
811.8
856.1
729.6
758.2
760.3
782.1
764.5
805.9
809.2
816.2
816.0
832.5
851.1
869.1
871.6
898.0
918.1
734.3
412.6
779.8
438.2
824.6
460.1
869.0
484.2
740.6
417.8
771.9
437.3
772.3
436.2
796.1
438.9
778.8
440.5
818.6
455.3
822.9
458.8
829.6
461.7
827.3
464.8
845.3
479.0
863.8
482.8
883.0
486.2
883.7
488.9
909.8
502.4
930.0
510.4
15
324.1
345.0
360.6
378.8
327.3
345.7
343.8
345.3
345.4
358.3
359.9
361.1
363.2
375.5
378.1
380.1
381.4
393.9
400.0
16
88.5
93.2
99.5
105.5
90.5
91.6
92.5
93.6
95.1
97.1
98.9
100.6
101.6
103.5
104.7
106.2
107.5
108.5
110.4
17
18
19
20
21
22
23
24
25
321.7
31.3
31.4
259.0
4.5
6.0
341.5
32.6
37.7
271.2
4.6
8.9
364.4
36.1
39.6
288.7
4.7
8.0
384.7
38.9
41.5
304.3
4.7
8.2
322.8
31.7
31.9
259.2
4.5
6.5
334.6
30.9
36.6
267.1
4.5
9.3
336.0
32.0
35.8
268.3
4.6
7.3
357.3
33.3
39.5
284.4
4.7
9.3
338.2
34.1
39.1
265.0
4.7
9.6
363.2
34.3
39.1
289.8
4.6
8.0
364.1
34.8
38.9
290.5
4.7
9.0
367.9
36.8
42.6
288.5
4.8
8.6
362.5
38.7
37.6
286.2
4.8
6.5
366.3
36.1
39.0
291.3
4.7
8.1
381.1
38.0
40.9
302.2
4.7
8.0
396.8
40.5
43.7
312.6
4.8
9.2
394.8
41.1
42.5
311.2
4.6
7.5
407.4
42.1
45.1
320.1
4.6
7.2
419.6
43.6
50.4
325.5
4.5
7.4
247.1
250.8
255.0
482.9
515.2
544.6
580.1
484.5
507.5
512.1
530.8
510.3
538.3
543.6
545.3
551.2
559.0
574.8
591.9
594.7
613.8
628.8
487.5
264.8
520.5
284.0
550.3
298.8
586.3
314.5
488.7
268.8
512.9
283.4
517.6
282.7
536.7
284.6
514.9
285.3
543.9
295.7
550.2
297.2
551.4
299.5
555.9
302.6
565.6
310.1
580.4
313.1
598.9
316.3
600.0
318.4
618.8
326.4
633.8
331.4
26
200.4
216.2
226.5
237.9
202.8
216.6
215.4
216.5
216.1
225.2
225.3
226.4
228.9
235.0
237.1
239.1
240.3
247.4
250.9
27
64.4
67.8
72.3
76.6
66.0
66.8
67.3
68.1
69.2
70.5
71.8
73.1
73.6
75.1
76.0
77.2
78.1
79.0
80.5
28
29
30
31
32
33
222.7
28.9
17.1
176.7
2.1
2.5
236.5
29.9
21.0
185.7
2.1
3.3
251.6
33.1
22.0
196.4
2.1
3.6
271.8
36.0
23.7
212.1
2.1
4.1
219.9
29.1
16.1
174.7
2.1
2.1
229.5
28.3
18.0
183.2
2.0
3.4
234.8
29.3
21.0
184.6
2.0
3.4
252.1
30.6
23.2
198.3
2.1
3.8
229.6
31.3
21.6
176.7
2.1
2.5
248.2
31.3
21.1
195.8
2.1
3.5
253.0
31.9
21.4
199.7
2.1
4.6
251.9
33.7
24.9
193.2
2.1
3.9
253.3
35.7
20.7
196.9
2.2
2.6
255.5
33.2
22.0
200.3
2.1
4.5
267.3
35.0
23.2
209.1
2.1
3.6
282.6
37.6
25.7
219.4
2.1
4.9
281.6
38.0
23.9
219.7
2.0
3.3
292.4
39.1
25.7
227.6
2.0
3.0
302.3
40.6
30.5
231.3
2.0
3.0
34
35
36
240.8
251.1
267.2
276.0
245.0
250.7
248.2
251.3
254.3
267.6
265.6
270.8
264.9
273.6
276.4
277.2
276.9
284.2
289.3
246.7
147.8
259.3
154.2
274.2
161.4
282.7
169.7
251.8
149.0
259.0
153.9
254.7
153.5
259.5
154.3
263.9
155.3
274.7
159.6
272.7
161.6
278.2
162.2
271.4
162.2
279.7
168.9
283.4
169.7
284.1
169.9
283.7
170.5
291.0
176.0
296.2
179.0
37
123.6
128.9
134.1
140.9
124.5
129.0
128.4
128.7
129.3
133.1
134.5
134.7
134.2
140.5
141.0
141.0
141.1
146.4
149.0
38
24.1
25.4
27.3
28.9
24.5
24.8
25.2
25.5
26.0
26.5
27.1
27.5
28.0
28.4
28.7
29.0
29.4
29.6
30.0
39
40
41
99.0
2.4
14.3
105.0
2.7
16.8
112.9
3.0
17.5
113.0
2.9
17.8
102.9
2.5
15.8
105.1
2.6
18.6
101.2
2.7
14.8
105.2
2.8
16.3
108.6
2.9
17.5
115.1
3.1
18.0
111.1
2.9
17.4
116.0
3.1
17.7
109.2
3.0
17.0
110.9
2.9
17.0
113.7
2.9
17.6
114.2
3.0
18.0
113.2
3.0
18.6
115.0
3.0
19.5
117.2
3.0
19.9
42
43
44
45
46
-1.0
15.3
82.3
2.4
3.5
-0.5
17.3
85.5
2.6
5.6
-0.1
17.6
92.3
2.6
4.4
-0.1
17.9
92.2
2.6
4.1
-0.3
16.1
84.5
2.4
4.4
1.4
17.2
83.9
2.5
5.8
-2.8
17.6
83.7
2.6
3.9
-0.8
17.1
86.1
2.7
5.5
0.1
17.4
88.3
2.6
7.0
-0.3
18.3
94.0
2.6
4.5
0.1
17.4
90.8
2.6
4.4
0.0
17.7
95.3
2.7
4.6
0.0
16.9
89.2
2.7
3.9
-0.1
17.0
91.0
2.6
3.5
-0.1
17.8
93.1
2.6
4.4
0.0
18.0
93.2
2.7
4.2
-0.1
18.6
91.6
2.6
4.1
0.0
19.5
92.5
2.6
4.2
-0.3
20.2
94.3
2.6
4.4
47 1.120.3 1,191.2 1,269.6 1,355.9 1,147.0 1,159.1 1,174.1 1,203.1 1,228.4 1,240.8 1,260.2 1,281.8 1,295.8 1,318.7 1,344.4 1,365.3 1,395.2 1,426.3 1,461.9
48 1.425.3 1,511.7 1,603.1 1,710.7 1,457.5 1,474.4 1,493.2 1,524.8 1,554.2 1,568.2 1,591.2 1,617.3 1,635.7 1,665.3 1,696.5 1,722.3 1,758.8 1,794.9 1,835.3
49 935.8 986.6 1,037.2 1,099.0 953.2 966.4 977.8 995.0 1,007.4 1,015.6 1,025.3 1,045.1 1,062.7 1,077.1 1,089.9 1,106.6 1,122.4 1,135.6 1,149.2
50
831.9
872.4
913.0
963.1
844.9
856.2
865.0
879.1
889.4
895.9
902.4
919.8
934.1
945.0
955.1
969.4
982.8
51
103.9
114.2
124.1
135.9
108.4
110.2
112.8
115.9
118.1
119.7
122.9
125.3
128.6
132.0
134.8
137.3
139.6
142.3
144.6
52
53
54
55
56
57
489.5
22.1
159.2
308.2
18.1
286.9
525.0
22.7
180.7
321.6
19.5
301.0
565.9
23.7
198.9
343.3
19.9
313.5
611.7
25.1
218.7
367.9
21.8
333.0
504.3
22.3
168.7
313.2
18.5
292.0
508.0
22.4
171.3
314.3
18.9
296.4
515.4
22.6
174.9
317.9
19.6
299.5
529.9
22.7
184.1
323.0
19.7
302.1
546.7
22.9
192.5
331.3
19.8
305.9
552.6
23.2
193.1
336.2
19.5
307.9
565.9
23.6
202.4
340.0
20.0
311.1
572.2
23.9
203.1
345.2
20.0
315.4
572.9
24.3
197.1
351.6
20.3
319.6
588.3
24.6
204.5
359.2
20.9
325.7
606.6
25.0
216.0
365.6
21.7
330.4
615.7
25.3
219.2
371.2
22.1
335.0
636.4
25.6
235.3
375.6
22.5
341.1
659.3
25.8
252.6
380.9
22.1
346.5
686.2
26.1
272.6
387.4
22.6
350.9
58
61.4
66.1
71.0
76.2
62.6
64.1
65.5
66.7
68.1
69.1
70.3
71.6
72.9
74.4
75.7
76.7
78.1
79.8
81.5
59
60
138.3
87.2
140.9
94.0
142.9
99.6
149.8
107.0
139.6
89.8
140.5
91.8
140.8
93.3
140.8
94.6
141.6
96.3
141.4
97.4
142.1
98.7
143.4
100.4
144.7
102.0
146.8
104.4
148.7
106.1
150.4
107.8
153.3
109.7
154.7
112.0
156.6
112.8
993.3 1,004.6
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5.
95
Survey of C urrent B usiness
August 2008
Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars
[B n o ch in d(2 0 ) d lla ]
illio s f a e 0 0 o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Government consumption
expenditures 1...............................
Gross output of general
government..............................
Value added.............................
Compensation of general
government employees....
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3...........
Durable goods......................
Nondurable goods................
Services................................
Less: Own-account investment4
Sales to other sectors......
Federal consumption expenditures 1........
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3...............................
Durable goods..........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Defense consumption expenditures1
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Nondefense consumption
expenditures 1...................................
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3...............................
Durable goods..........................
Nondurable goods....................
Commodity Credit
Corporation inventory
change.............................
Other nondurable goods......
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
State and local consumption
expenditures 1 ............................................
Gross output of general government
Value added..................................
Compensation of general
government employees........
Consumption of general
government fixed capital2....
Intermediate goods and services
purchased 3..............................
Durable goods..........................
Nondurable goods....................
Services....................................
Less: Own-account investment4......
Sales to other sectors..........
Tuition and related
educational charges.....
Health and hospital
charges........................
Other sales.......................
Residual........................................................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 1,585.7 1,590.9 1,616.0 1,646.3 1,586.4 1,587.9 1,587.1 1,600.7 1,588.0 1,609.7 1,609.9 1,620.0 1,624.3 1,629.0 1,640.8 1,656.7 1,658.8 1,671.7 1,680.3
2 1,854.0 1,863.3 1,886.8 1,922.3 1,855.5 1,860.2 1,858.5 1,873.8 1,860.5 1,879.9 1,881.2 1,891.2 1,894.9 1,902.8 1,916.1 1,934.4 1,935.9 1,949.7 1,959.4
3 1,129.4 1,137.8 1,144.4 1,159.5 1,134.5 1,136.2 1,136.8 1,137.8 1,140.3 1,138.9 1,140.7 1,147.2 1,150.6 1,153.5 1,155.9 1,161.9 1,166.5 1,172.9 1,179.0
4
946.8
950.7
952.1
961.8
950.3
950.9
950.3
950.1
951.4
948.7
949.2
954.2
956.3
957.8
958.9
963.5
966.8
972.0
5
183.2
188.3
194.1
200.0
185.0
186.2
187.6
188.9
190.3
191.9
193.3
194.8
196.3
197.9
199.3
200.7
202.1
203.4
976.6
205.0
6
7
8
9
10
11
12
13
14
726.8
52.3
167.7
506.3
19.7
248.6
727.5
53.1
167.6
506.5
20.1
252.2
744.9
56.2
170.3
518.5
19.8
251.0
765.7
59.6
175.0
531.3
20.5
255.5
723.0
52.4
166.1
504.1
19.8
249.3
726.0
51.5
168.7
505.2
19.8
252.5
723.7
52.4
166.5
504.3
20.3
251.2
738.4
53.8
167.8
516.7
20.3
252.8
722.1
54.5
167.5
499.7
20.1
252.4
743.5
54.7
169.1
519.8
19.6
250.6
743.0
54.9
168.6
519.6
19.9
251.4
746.5
56.6
172.2
517.5
19.9
251.4
746.7
58.5
171.2
517.2
20.0
250.6
751.8
56.5
173.4
521.6
20.1
253.7
763.1
58.7
174.6
529.9
20.5
254.9
775.6
61.4
176.9
537.7
20.7
257.0
772.4
62.0
175.0
536.2
20.8
256.4
779.8
63.0
176.0
542.0
20.2
257.8
783.4
64.3
176.8
543.5
20.2
258.8
614.4
618.5
627.3
637.8
612.5
617.2
615.9
628.0
612.9
628.8
624.8
628.7
627.0
626.7
634.2
646.3
644.3
653.7
659.8
623.5
335.2
629.6
337.4
637.6
337.0
647.9
339.5
621.9
337.4
628.7
337.8
625.9
336.9
639.6
336.7
624.1
338.1
639.1
335.4
635.9
335.5
639.4
338.5
636.2
338.6
636.7
337.9
644.1
337.5
657.1
340.7
653.7
341.9
662.8
345.0
668.9
348.3
15
249.7
250.0
247.2
247.2
251.2
251.2
249.9
249.1
249.8
246.6
246.2
248.3
247.9
246.6
245.6
248.1
248.6
251.1
253.6
16
85.4
87.7
90.8
93.9
86.1
86.7
87.3
88.0
88.7
89.6
90.3
91.2
92.0
92.8
93.6
94.3
95.0
95.6
96.5
17
18
19
20
21
22
23
24
25
290.8
30.9
28.7
231.0
3.7
5.4
294.7
31.7
29.9
232.9
3.7
7.5
303.9
34.5
29.6
240.1
3.6
6.7
312.1
37.2
29.8
245.7
3.5
6.6
286.7
31.1
27.0
228.5
3.7
5.7
293.3
30.2
30.9
231.9
3.6
8.0
291.4
31.1
28.9
231.2
3.7
6.3
306.2
32.4
30.2
243.4
3.8
7.9
288.1
33.2
29.7
225.3
3.7
7.6
307.3
33.2
30.1
244.0
3.6
6.7
303.7
33.2
28.5
242.1
3.6
7.6
304.1
34.9
31.1
238.3
3.7
7.2
300.4
36.6
28.6
235.8
3.7
5.4
301.8
34.3
29.7
237.9
3.5
6.6
310.3
36.3
29.8
244.6
3.5
6.5
320.8
38.9
31.2
251.2
3.5
7.4
315.7
39.3
28.5
248.9
3.4
6.0
321.9
40.4
29.1
253.6
3.3
5.7
324.8
41.5
29.6
254.9
3.3
5.8
407.6
411.6
415.0
425.8
403.7
409.2
410.7
421.9
404.4
414.5
414.0
414.1
417.6
415.6
422.4
433.5
431.9
439.7
443.7
411.5
213.4
415.9
215.2
419.5
214.1
430.4
215.1
407.2
215.0
413.6
215.4
415.1
214.8
426.6
215.1
408.1
215.6
418.9
213.2
419.1
212.9
418.7
214.9
421.3
215.4
420.6
214.1
426.6
213.7
438.7
216.0
435.9
216.6
443.4
218.3
447.3
219.9
152.1
26
151.5
152.0
149.6
149.0
152.6
152.7
151.8
151.7
151.9
149.2
148.6
150.2
150.2
148.6
147.9
149.6
149.9
151.1
27
61.6
63.2
65.1
67.1
62.1
62.5
62.9
63.4
63.8
64.3
64.8
65.3
65.8
66.3
66.8
67.3
67.8
68.2
68.8
28
29
30
31
32
33
200.1
28.3
15.3
156.1
1.7
2.2
202.8
28.8
15.3
158.4
1.6
2.7
208.0
31.2
14.7
162.1
1.6
2.9
218.8
33.8
15.1
170.1
1.5
3.1
193.8
28.3
12.8
152.5
1.8
1.7
200.2
27.4
14.4
157.9
1.6
2.8
202.5
28.2
15.8
157.9
1.6
2.8
214.4
29.4
16.1
168.4
1.6
3.1
194.1
30.1
14.7
149.3
1.6
2.1
208.5
29.9
14.8
163.7
1.6
2.8
209.0
30.1
13.9
165.2
1.6
3.6
206.2
31.5
16.0
158.4
1.6
3.1
208.4
33.2
14.2
161.2
1.6
2.0
209.2
31.1
15.3
162.6
1.6
3.5
216.2
32.9
15.1
168.2
1.5
2.7
226.8
35.5
16.3
175.1
1.5
3.7
223.0
35.9
13.8
174.3
1.5
2.5
229.2
36.9
14.2
179.2
1.4
2.2
231.6
38.0
14.5
180.2
1.4
2.2
34
35
36
206.7
206.7
212.2
211.7
208.6
207.8
205.0
205.8
208.4
214.2
210.7
214.5
209.2
210.9
211.5
212.4
212.0
213.5
215.6
211.9
121.7
213.5
122.1
218.0
122.9
217.1
124.4
214.6
122.3
214.9
122.4
210.5
122.1
212.7
121.6
215.9
122.5
220.1
122.2
216.6
122.6
220.6
123.5
214.6
123.2
215.9
123.9
217.2
123.8
218.0
124.7
217.4
125.3
219.0
126.8
221.2
128.5
37
98.0
97.8
97.6
98.2
98.4
98.4
97.9
97.2
97.8
97.3
97.5
98.1
97.5
98.0
97.7
98.4
98.8
100.1
101.5
38
23.8
24.5
25.7
26.9
24.0
24.2
24.4
24.6
24.9
25.3
25.6
25.9
26.2
26.5
26.8
27.0
27.3
27.5
27.7
39
40
41
90.6
2.6
13.2
91.9
3.0
14.5
95.8
3.3
14.9
93.1
3.4
14.7
92.8
2.8
14.1
93.1
2.8
16.7
88.7
2.9
12.5
91.6
3.1
13.9
94.0
3.1
15.1
98.8
3.4
15.4
94.6
3.2
14.8
97.9
3.4
15.0
91.9
3.4
14.4
92.5
3.3
14.3
93.9
3.4
14.6
93.7
3.4
14.7
92.5
3.5
14.9
92.4
3.5
15.1
92.9
3.5
15.3
42
43
44
45
46
-1.0
14.2
74.6
2.0
3.2
-0.6
15.1
74.3
2.1
4.8
-0.1
15.0
77.7
2.1
3.8
-0.1
14.7
75.2
2.0
3.5
-0.5
14.6
75.8
2.0
4.0
1.3
15.4
73.7
2.0
5.2
-2.9
15.4
73.0
2.1
3.5
-0.8
14.7
74.6
2.1
4.8
0.1
15.0
75.9
2.1
5.5
-0.3
15.7
80.0
2.0
3.9
0.0
14.8
76.6
2.0
3.9
0.0
15.0
79.6
2.1
4.0
0.0
14.4
74.3
2.1
3.4
-0.1
14.4
75.0
2.0
3.0
-0.2
14.8
76.0
2.0
3.8
0.0
14.8
75.7
2.0
3.6
0.0
15.0
74.2
1.9
3.5
0.0
15.2
74.0
1.9
3.6
-0.2
15.4
74.3
1.9
3.6
47 970.8 971.9 988.2 1,008.0 973.5 970.2 970.7 972.2 974.6 980.4 984.6 990.8 996.8 1,001.9 1,006.1 1,010.0 1,013.9 1,017.6 1,020.1
48 1,230.0 1,233.2 1,248.7 1,273.9 1,233.2 1,231.1 1,232.2 1,233.7 1,235.9 1,240.4 1,244.9 1,251.3 1,258.3 1,265.7 1,271.6 1,276.8 1,281.7 1,286.5 1,290.1
49 794.1 800.2 807.4 820.1 796.9 798.2 799.7 801.0 802.1 803.5 805.2 808.7 812.0 815.7 818.6 821.3 824.7 827.9 830.7
50
696.8
700.4
705.0
714.9
698.7
699.4
700.2
700.8
701.3
702.1
703.2
705.9
708.6
711.6
713.8
715.9
718.6
721.1
723.1
51
97.8
100.5
103.3
106.1
98.8
99.5
100.2
100.9
101.6
102.2
102.9
103.6
104.3
105.1
105.8
106.5
107.1
107.8
108.5
52
53
54
55
56
57
436.0
21.4
139.2
275.4
16.0
243.2
432.9
21.4
137.9
273.6
16.4
244.9
441.3
21.8
140.9
278.6
16.2
244.3
453.8
22.6
145.4
285.8
17.1
248.9
436.3
21.4
139.3
275.6
16.1
243.6
432.8
21.3
138.0
273.4
16.2
244.7
432.4
21.4
137.8
273.3
16.6
244.9
432.6
21.4
137.8
273.5
16.5
245.0
433.8
21.4
138.1
274.3
16.4
244.9
436.7
21.5
139.2
276.0
16.0
243.9
439.6
21.7
140.3
277.6
16.3
243.9
442.6
21.8
141.4
279.3
16.2
244.3
446.2
22.1
142.7
281.3
16.3
245.2
449.9
22.3
143.9
283.6
16.6
247.1
452.9
22.5
144.9
285.4
17.1
248.4
455.4
22.7
145.9
286.7
17.2
249.6
456.9
22.8
146.6
287.4
17.4
250.5
458.5
22.8
147.0
288.6
16.9
252.0
459.3
22.9
147.4
288.9
17.0
252.9
58
46.1
46.2
46.5
47.0
45.6
45.9
46.0
46.2
46.5
46.4
46.4
46.5
46.6
46.9
46.9
47.0
47.1
47.3
47.5
59
60
61
118.1
79.4
-1.2
116.3
83.1
-1.5
113.5
85.1
-3.8
115.1
87.7
-4.9
117.8
80.8
-1.0
117.4
81.9
-1.4
116.8
82.8
-0.9
115.9
83.6
-2.3
115.0
84.1
-2.0
113.9
84.2
-3.8
113.4
84.9
^1.0
113.2
85.4
-3.3
113.4
86.0
-3.7
114.2
86.9
-3.8
114.9
87.5
-4.6
115.5
88.1
-5.5
116.0
88.4
-5.9
116.6
89.2
-6.4
117.2
89.2
-6.3
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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.
G overnm ent Current Receipts and Expenditures
96
August 2008
Table 3.11.1. Percent Change From Preceding Period in Real National Defense Consumption Expenditures and Gross Investment by Type
[P rc n
e e t]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
National defense consumption
expenditures and gross investment
Consumption expenditures 1 .........................
Gross output of general government...........
Value added..............................................
Compensation of general government
employees........................................
Military..............................................
Civilian..............................................
Consumption of general government
fixed capital2....................................
Intermediate goods and services
purchased 3..........................................
Durable goods......................................
Aircraft..............................................
Missiles.............................................
Ships
Vehicles............................................
Electronics........................................
Other durable goods........................
Nondurable goods................................
Petroleum products.........................
Ammunition.........
Other nondurable goods..................
Services...............................................
Research and development.............
Installation support..........................
Weapons support.
Personnel support
Transportation of material................
Travel of persons..
Less; Own-account investment4.................
Sales to other sectors......................
Gross investm ent5............................................
Structures.....................................................
Equipment and software...............................
Aircraft.............
Missiles............
Ships...............
Vehicles...........
Electronics and software.........................
Other equipment.......................................
2005
I
2006
III
II
IV
2007
I
II
III
IV
I
II
2008
III
IV
I
II
1
2
3
4
5.8
5.2
1.5
1.0
1.6
0.8
2.5
2.6
-9.7
-10.2
3.1
5.5
4.0
1.6
12.3
11.3
-14.2
-15.6
8.8
10.4
1.9
-0.6
-0.9
0.1
7.0
3.4
-5.9
-1.9
8.5
6.7
10.2
10.9
-0.9
-1.4
7.3
7.4
7.3
3.6
5.1
1.8
1.1
0.9
0.9
-0.5
2.6
0.5
-11.2
2.2
6.4
0.7
1.5
-1.1
11.5
0.5
-16.2
0.9
11.0
-4.5
0.2
-0.6
-0.4
4.0
2.4
0.9
-0.7
-2.5
5.9
-0.7
11.8
4.2
-2.5
1.2
7.0
3.1
3.6
3.0
5
6
7
1.8
1.1
3.3
0.3
-0.6
2.3
-1.6
-2.4
0.0
-0.4
-0.8
0.6
2.1
3.8
-1.4
0.1
0.1
0.1
-2.2
-4.7
3.2
-0.2
-1.7
3.2
0.3
1.3
-1.8
-6.8
-8.3
-3.4
-1.6
-2.3
-0.1
4.2
5.0
2.7
0.2
-1.6
4.3
-4.3
-4.6
-3.7
-1.8
-2.4
-0.6
4.7
6.0
1.9
0.7
-1.0
4.5
3.3
5.7
-1.9
2.8
2.8
2.8
8
1.8
2.5
3.0
3.1
2.3
2.7
2.8
2.8
2.9
3.2
2.9
3.1
3.1
3.3
3.1
2.9
2.8
2.6
3.5
2.6
8.4
0.0
20.5
4.9
43.4
16.0
4.3
-3.6
-2.6
-4.8
-4.4
2.4
8.6
-2.5
-4.2
5.9
-2.2
-16.1
-2.0
6.7
5.2
8.5
4.4
7.4
2.1
34.4
22.0
-0.9
2.8
2.3
-3.7
7.6
4.9
-3.0
-0.2
11.8
6.5
50.5
9.6
-4.5
7.4
-24.7
-10.5
-14.7
13.9
-56.9
40.2
12.9
-15.4
-65.8
-92.5
-1.5
-1.1
-20.9
-0.1
-32.9
-37.5
-23.1
-32.2
15.5
4.4
-88.6
13.7
-12.6
-39.3
69.5
-2.4
2.6
0.5
4.7
62.5
187.7
-15.9
44.5
14.8
7.9
-16.7
28.2
10.1
120.3
169.5
-30.0
596.5
4.7
12.5
-1.2
60.9
22.7
42.1
50.2
-7.7
44.9
203.6
23.3
-35.0
0.0
7.6
13.5
15.2
2.2
-30.2
-62.7
3.9
-5.2
25.8
18.3
-3.6
-17.6
52.4
122.1
101.3
6.7
6.9
-2.7
29.6
12.3
29.4
3.8
37.6
101.6
58.9
-62.4
-23.7
2.2
51.3
-32.9
9.4
14.1
82.0
-66.8
3.9
7.5
4.4
-30.5
1.1
-5.3
2.1
21.0
-16.9
19.4
39.3 -39.9
4.0
87.5
40.4
71.5
-0.2
62.2
7.9
18.7
-21.8
74.7
-7.8 141.5
40.4
-41.6
-28.8
7.0
3.7 -15.4
-3.5 -18.2
13.9 -28.5
51.0 -54.4
37.5 -27.2
-87.2 1,272.2
-84.2 444.4
3.2
3.4
180.3 -46.6
4.2
23.4
76.4
28.2
-54.7
30.3
20.3
-10.5
-37.2
-60.3
18.6
-6.3
7.2
37.6
4.2
30.5
0.5
-65,8
-40.7
7.9
-81.5
1.5
-23.8
-55.0
0.9
13.0
-7.0
4.4
-8.2
34.6
36.5
-11.2
70.6
3.5
-9.5
-2.4
3.6
3.1
170.6
45.5
-15.8
746.0
14.2
26.5
42.4
21.8
1.7
115.0
42.2
-11.5
-4.9
14.6
-40.5
-7.3
14.6
-10.1
10.3
60.4
23.0
63.3
0.8
-7.5
-62.6
21.0
34.4
40.9
12.5
108.8
17.8
36.3
31.0
34.8
43.7
96.6
-1.5
17.4
-19.6
16.4
45.8
30.7
106.1
44.5
-5.0
264.4
-6.5
4.6
27.8
24.6
-45.1
22.3
-15.6
-5.6
-49.1
-59.5
-44.3
-26.2
-1.8
16.1
-10.4
-15.9
2.0
-1.2
-41.8
-4.8
-80.4
11.6
11.5
-30.3
-13.4
12.6
3.6
103.6
35.1
12.3
-8.7
68.4
29.6
11.6
-5.8
28.4
25.4
21.5
-18.0
-6.4
-12.7
-39.2
4.3
12.6
40.0
-16.0
-2.0
80.4
43.7
-36.0
10.0
28.8
-41.4
12.8
2.2
19.8
-8.9
-4.4
6.8
-27.8
-18.6
-10.2
0.3
9
10
11
12
13
■14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
9.3
10.4
4.9
8.1
8.4
-4.2
17.9
19.1
13.9
5.6
31.2
14.3
8.7
0.0
-3.4
31.8
23.3
-10.9
17.0
-7.9
0.9
1.3
1.6
-10.7
20.4
-5.8
33.3
25.4
-1.9
-0.3
-5.4
5.7
3.1
1.5
2.1
-6.1
8.9
6.1
-17.9
3.0
-5.4
25.1
-4 4 .2
-2.9
-17.9
-38.3
-0.3
-32.0
-68.4
-32.7
-92.6
-72.8
4.0
-80.4
33.1
-2.4
-16.3
25.7
85.4
41.0
-16.6
0.6
2.1
-7.0
-15.2
29.0
44.6
40.8
5.9
40.3
23.4
2,100.7
290.3
-17.3
235.3
10.3
5.5
7.0
1.6
-5.7
-12.6
23.4
19.4
-4.0
-1.8
21.1
-7.5
34.6
-29.3
21.7
5.4
3.0
6.0
36.7
0.3
11.3
23.1
17.8
-3.8
-9.9
10.8
15.8
-2.1
6.2
25.5
-2.3
-7.8
43.5
13.4
-3.2
-1.5
7.8
1.5
14.5
0.5
30.8
12.4
7.1
12.8
0.6
-5.8
-6.7
-6.2
20.5
17.4
-5.0
-7.5
-5.6
76.7
-11.7
-55.7
19.8
11.1
-14.5
-9.1
-12.9
-30.3
-69.9
6.2
37.8
-2.2
-3.6
-18.9
27.9
44.8
279.1
-12.5
445.9
32.6
-8.0
72.4
15.6
21.0
-65.8
57.2
40.4
39.9
4.4
-12.4
-3.2
2.2
301.0
-50.1
-61.7
8.0
7.4
-49.7
4.0
-26.2
-7.6
15.2
149.6
-7.8
14.3
-15.4
24.4
82.9
3.0
59.1
23.8
-1.8
6.3
144.3
-14.6
-64.4
-74.2
-24.4
59.8
53.5
10.7
80.4
30.8
132.0
490.6
1.2
-16.5
24.2
-3.8
-57.8
-25.7
-47.4
-2.6
-30.3
-14.0
-12.9
-24.0
6.9
23.1
84.8
-59.3
5.5
197.7
40.7
-4.1
78.1
0.3
-30.2
-27.4
-0.8
7.9
28.0
7.4
94.8
-4.1
-42.6
-23.8
40.8
-40.5
12.3
10.4
-45.1
14.0
-36.7
-3.7
-45.0
276.2
35.9
27.7
23.2
38.1
326.1
168.9
32.1
-5.9
29.6
-12.5
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
August 2008
Survey of C urrent Business
97
Table 3.11.3. Real National Defense Consumption Expenditures and Gross Investment by Type, Quantity Indexes
[In e n me , 2 0 = 0 ]
d x u b rs 0 0 1 0
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
National defense
consumption expenditures
and gross investment.........
Consumption expenditures 1 .........
Gross output of general
government..............................
Value added..............................
Compensation of general
government employees....
Military...............................
Civilian...............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3...........
Durable goods.......................
Aircraft...............................
Missiles.............................
Ships.................................
Vehicles.............................
Electronics........................
Other durable goods.........
Nondurable goods................
Petroleum products..........
Ammunition......................
Other nondurable goods
Services................................
Research and
development.................
Installation support...........
Weapons support.............
Personnel support............
Transportation of material
Travel of persons..............
Less: Own-account investment4
Sales to other sectors......
Gross investm ent5...........................
Structures......................................
Equipment and software...............
Aircraft.......................................
Missiles......................................
Ships.........................................
Vehicles.....................................
Electronics and software..........
Other equipment.......................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 128.282 130.227 132.315 135.596 127.647 128.624 129.887 133.707 128.689 131.428 132.053 131.759 134.019 131.986 134.701 138.002 137.694 140.125 142.628
2 126.782 128.012 129.097 132.457 125.573 127.267 127.758 131.231 125.792 128.942 128.760 128.796 129.892 129.267 131.394 134.826 134.343 136.773 138.004
3 126.772 128.126 129.245 132.615 125.461 127.423 127.903 131.437 125.742 129.057 129.125 129.009 129.787 129.575 131.446 135.148 134.289 136.595 137.803
4 107.152 108.067 107.490 107.989 107.960 108.153 107.862 108.002 108.252 107.018 106.868 107.912 108.161 107.481 107.304 108.426 108.747 109.583 110.383
b 109.061 109.413 107.634 107.247 109.858 109.884 109.261 109.212 109.294 107.389 106.948 108.066 108.133 106.959 106.465 107.690 107.873 108.743 109.494
6 112.829 112.153 109.510 108.650 113.298 113.317 111.971 111.480 111.843 109.433 108.793 110.125 109.690 108.420 107.762 109.347 109.072 110.596 111.364
7 102.094 104.458 104.423 105.015 103.512 103.545 104.368 105.199 104.721 103.828 103.796 104.481 105.586 104.603 104.448 104.929 106.078 105.574 106.293
8 102.270 104.872 108.009 111.333 103.108 103.788 104.504 105.218 105.979 106.817 107.587 108.406 109.225 110.107 110.956 111.751 112.518 113.253 114.223
9
10
11
12
13
14
15
16
17
18
19
20
21
159.592
127.242
116.693
104.448
103.933
104.373
159.582
151.807
147.040
142.758
188.553
134.449
168.366
161.706
129.261
104.205
125.743
97.910
139.107
200.087
148.981
146.595
135.011
199.250
138.572
170.819
165.878
140.057
104.230
151.557
102.704
199.485
232.006
155.322
141.326
131.513
189.747
132.409
174.871
174.466
151.923
108.826
162.779
104.894
268.205
283.075
153.997
145.268
134.493
182.816
142.512
183.437
154.577
127.259
117.898
99.150
95.865
115.883
167.619
147.898
122.741
87.040
193.855
136.555
164.522
159.620
123.031
104.052
113.135
95.287
116.637
167.835
149.612
138.582
113.359
185.616
149.708
170.297
161.455
126.709
103.738
127.413
100.296
127.351
185.807
146.632
152.036
149.631
195.583
134.436
170.318
170.983
132.150
102.786
121.404
111.443
155.467
221.324
149.040
154.591
148.609
208.665
138.394
181.669
154.766
135.154
106.242
141.019
84.613
156.975
225.384
150.641
141.171
128.446
207.138
131.751
160.994
166.243
134.320
101.611
149.311
98.731
171.041
215.362
150.864
141.909
126.122
198.778
140.399
176.551
166.686
135.024
97.025
162.198
99.697
186.186
215.281
153.771
133.433
123.586
173.735
128.983
178.174
164.440
141.621
101.412
142.783
116.659
213.065
242.949
160.518
153.400
154.069
189.111
131.179
170.872
166.143
149.261
116.872
151.934
95.728
227.649
254.434
156.136
136.563
122.274
197.363
129.074
173.886
166.781
139.457
95.708
152.280
98.708
223.545
257.168
152.819
147.088
132.161
191.592
147.504
175.387
172.429
147.906
104.552
159.975
99.123
270.687
280.853
148.233
145.260
136.727
168.270
144.735
181.464
180.841
159.259
113.916
164.769
119.156
282.012
303.451
158.594
156.506
149.686
199.261
144.179
188.880
177.813
161.068
121.127
174.092
102.590
296.576
290.827
156.342
132.219
119.399
172.141
133.630
188.019
182.777
165.524
110.668
167.922
105.680
299.234
347.384
168.557
136.110
116.718
196.088
142.592
193.245
184.705
170.525
120.371
160.779
105.153
346.777
380.364
150.740
139.403
124.341
171.595
146.937
194.309
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
168.122
127.494
212.201
199.574
173.866
139.334
151.545
110.827
171.678
119.718
231.000
211.722
142.739
143.523
143.326
138.676
186.497
116.703
221.396
224.191
139.546
120.418
140.455
147.916
180.920
116.496
247.616
238.770
209.966
131.967
134.069
158.862
165.385
120.323
206.962
198.925
156.058
147.369
154.762
89.653
168.573
114.965
220.203
203.747
190.118
188.825
141.570
145.646
171.683
118.669
228.156
204.865
173.749
147.614
142.920
143.696
173.291
128.533
271.859
229.995
136.100
137.983
143.694
159.379
173.166
116.704
203.782
208.281
70.987
99.670
145.120
105.983
188.646
118.393
221.772
219.536
153.752
140.096
138.389
143.417
186.977
122.307
245.851
237.743
91.983
88.305
139.470
185.562
177.798
112.475
202.027
219.604
177.036
134.887
140.639
158.621
192.568
113.635
215.933
219.882
135.415
118.385
143.323
104.064
187.800
112.956
217.873
221.548
173.683
130.025
137.298
177.480
182.889
115.767
245.172
233.326
196.342
130.274
134.666
138.761
173.200
120.253
269.408
249.484
235.262
142.822
132.967
191.719
179.790
117.007
258.013
250.721
234.577
124.748
131.345
127.489
177.127
124.562
273.010
263.232
223.197
122.697
126.970
112.586
185.306
121.688
269.976
267.602
205.719
116.540
123.613
112.659
139.305 146.905 157.208 159.765 143.159 138.401 145.856 152.456 150.908 150.228 157.587 154.543 166.474 152.645 160.322 162.446 163.647 166.030 179.511
96.933
144.428
163.812
144.666
136.541
149.447
125.481
150.590
94.873
153.330
205.649
141.338
125.880
214.480
142.287
145.839
93.490
165.275
208.769
161.777
126.521
280.616
159.991
156.208
105.467
166.336
196.590
150.912
118.700
338.161
187.839
148.332
95.070
149.029
204.436
153.550
125.249
143.941
129.182
148.045
92.828
143.962
186.779
113.701
127.137
155.948
128.479
146.679
88.089
153.103
204.882
158.657
122.955
238.379
137.877
143.661
100.934
158.763
214.870
121.317
137.683
259.469
149.947
145.200
97.641
157.493
216.064
171.679
115.745
204.124
152.846
147.816
82.230
159.026
200.271
168.315
119.917
256.581
149.755
152.829
78.862
167.935
232.895
169.550
134.676
270.658
149.084
155.170
98.598
161.457
179.892
120.848
125.560
304.304
165.945
159.179
114.268
172.680
222.017
188.396
125.934
290.922
175.180
157.655
92.121
160.303
189.048
187.165
115.060
280.152
169.214
147.224
93.676
168.845
220.408
149.518
116.607
367.980
184.302
145.703
108.220
168.967
201.495
138.019
116.372
375.050
196.043
148.340
127.851
167.228
175.408
128.943
126.762
329.460
201.794
152.060
110.037
172.794
156.436
127.727
109.180
458.841
217.863
161.658
115.922
187.309
224.755
163.567
117.051
451.858
232.448
156.363
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
August 2008
G overnm ent Current Receipts and Expenditures
98
Table 3.11.4. Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
National defense
consumption expenditures
and gross investment.........
Consumption expenditures 1........
Gross output of general
government...............................
Value added..............................
Compensation of general
government employees....
Military..............................
Civilian..............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3...........
Durable goods.....................
Aircraft..............................
Missiles.............................
Ships................................
Vehicles............................
Electronics.......................
Other durable goods .....
Nondurable goods...............
Petroleum products .......
Ammunition.....................
Other nondurable goods
Services...............................
Research and
development
Installation support..........
Weapons support............
Personnel support...........
Transportation of material
Travel of persons.............
Less: Own-account investment4
Sales to other sectors
Gross investm ent5..........................
Structures.....................................
Equipment and software..............
Aircraft......................................
Missiles.....................................
Ships........................................
Vehicles....................................
Electronics and software .......
Other equipment.......................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 115.932 121.944 127.381 131.874 117.417 120.965 121.503 122.454 122.854 126.069 127.426 127.897 128.131 130.326 131.701 132.232 133.237 134.905 136.872
2 118.480 125.176 131.213 136.220 120.016 124.033 124.682 125.815 126.174 129.855 131.307 131.702 131.988 134.516 136.085 136.573 137.704 139.603 141.746
3 118.483 125.166 131.190 136.200 120.015 124.025 124.673 125.803 126.162 129.834 131.280 131.680 131.966 134.499 136.065 136.552 137.682 139.582 141.715
4 124.094 131.950 139.545 146.218 125.012 131.583 131.603 132.297 132.318 138.732 139.626 139.361 140.463 144.868 146.514 146.472 147.018 149.545 150.751
5 132.270 142.192 151.433 159.639 132.879 141.897 141.887 142.675 142.310 150.900 151.646 150.807 152.381 158.139 160.298 159.797 160.322 163.763 164.937
6 134.940 147.016 158.102 167.465 135.678 146.829 146.869 147.380 146.987 157.654 158.142 157.191 159.423 165.206 168.033 167.824 168.796 172.162 173.766
7 127.155 132.849 138.549 144.559 127.515 132.338 132.238 133.564 133.254 137.856 139.089 138.463 138.787 144.483 145.385 144.342 144.027 147.599 147.960
8 104.557 107.412 111.114 114.249 106.251 106.865 106.964 107.437 108.383 109.661 110.890 111.945 111.958 113.255 113.736 114.709 115.297 115.762 117.018
9
10
11
12
13
14
15
16
17
18
19
20
21
111.269
102.120
103.818
103.703
104.465
114.848
93.770
101.208
111.593
121.513
106.422
105.014
113.165
116.632
103.746
104.892
106.015
106.940
117.987
93.917
104.045
137.124
184.402
111.615
108.160
117.254
120.944
106.255
107.707
110.015
109.852
118.628
95.427
106.505
149.576
210.625
119.182
111.156
121.147
124.212
106.301
106.086
111.246
108.860
120.803
95.252
108.127
156.573
224.381
122.886
114.008
124.706
113.443
102.810
104.419
104.595
105.758
118.142
93.869
101.932
125.050
152.420
108.956
106.518
114.489
114.653
103.414
104.839
105.502
106.353
118.162
94.136
102.972
124.032
148.102
111.166
106.920
116.026
115.990
103.788
104.806
106.619
106.774
118.313
94.015
103.970
132.492
171.399
111.583
108.089
116.869
117.578
103.871
105.112
105.997
106.707
116.815
93.837
104.506
144.557
205.018
111.450
108.413
117.726
118.308
103.911
104.810
105.943
107.924
118.659
93.678
104.733
147.416
213.087
112.262
109.216
118.397
119.027
104.582
105.743
106.689
108.206
118.296
94.081
105.490
142.758
195.678
114.978
109.753
119.612
121.035
106.050
107.722
108.336
109.909
118.950
95.341
106.480
154.395
224.367
118.971
111.103
120.872
122.132
106.957
108.430
112.200
110.322
117.284
96.052
106.968
156.014
226.369
121.188
111.721
121.946
121.583
107.431
108.935
112.834
110.971
119.983
96.235
107.084
145.135
196.088
121.592
112.047
122.156
122.183
106.869
107.805
111.762
109.431
120.997
95.797
107.247
143.333
190.490
121.449
112.556
123.194
123.662
106.313
106.435
110.685
108.959
120.511
95.404
107.850
153.172
215.966
122.287
113.677
124.286
124.664
105.956
105.339
111.048
107.944
120.059
95.009
108.362
156.904
225.013
122.636
114.297
125.300
126.338
106.067
104.766
111.487
109.107
121.644
94.797
109.049
172.884
266.054
125.172
115.504
126.045
127.603
106.142
104.673
111.892
109.075
121.599
94.889
109.213
180.365
286.283
126.868
115.813
127.053
130.578
106.800
105.086
112.603
110.199
121.746
95.083
110.859
209.229
366.222
130.325
117.465
128.418
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
110.797
114.860
110.585
113.746
120.049
117.240
120.452
117.375
116.000
119.823
113.510
116.588
123.718
122.775
126.437
122.307
120.515
124.112
116.087
119.931
127.499
129.071
132.160
126.570
123.754
128.472
118.471
124.281
128.907
131.264
137.008
132.067
112.600
117.298
111.613
114.610
120.542
115.382
121.743
118.238
114.566
119.247
112.474
115.865
120.210
118.661
125.343
121.384
115.519
118.900
113.378
116.295
124.188
122.731
125.633
122.149
116.423
120.016
113.984
116.879
125.686
124.669
127.161
122.734
117.493
121.130
114.204
117.315
124.789
125.038
127.610
122.960
118.793
122.847
115.028
118.404
125.004
126.188
130.766
125.486
120.213
123.528
115.981
119.369
128.756
130.875
132.281
126.181
121.233
124.814
116.253
120.606
130.028
132.643
132.936
127.043
121.819
125.259
117.086
121.344
126.207
126.579
132.658
127.572
122.500
126.437
117.871
122.886
126.109
127.682
135.901
130.509
123.331
127.997
117.835
123.968
128.208
131.448
137.244
131.732
124.173
129.345
118.881
124.727
130.243
132.745
137.669
132.150
125.013
130.111
119.296
125.543
131.067
133.180
137.219
133.879
126.567
131.279
120.145
125.671
132.695
137.492
139.726
135.565
127.699
133.087
120.320
125.742
141.112
146.292
141.237
136.024
99.711 101.656 103.657 105.255 100.876 101.622 101.519 101.428 102.057 102.630 103.437 104.304 104.259 104.603 104.874 105.625 105.920 106.296 107.284
116.890
98.182
87.023
101.118
111.442
98.505
90.752
102.486
126.854
99.539
84.753
103.393
118.407
98.574
89.256
105.774
136.094
101.047
83.937
103.750
128.660
97.210
88.665
107.877
143.122
102.270
83.714
105.554
134.873
101.514
87.256
109.422
121.438
99.093
87.207
101.733
115.663
99.849
90.111
103.327
123.162
99.761
86.641
102.383
117.909
99.577
90.037
104.768
125.195
99.508
84.746
103.304
117.779
98.914
89.511
105.660
128.245
99.199
83.827
103.430
117.192
97.469
89.052
106.190
130.814
99.687
83.799
104.454
120.749
98.335
88.425
106.477
132.947
100.155
83.516
104.371
123.992
97.313
88.560
107.088
135.383
100.865
83.818
103.059
127.577
96.927
88.939
107.831
137.014
101.682
85.215
103.829
131.534
95.164
88.774
108.293
139.034
101.488
83.201
103.742
131.538
99.435
88.385
108.298
141.523
101.682
82.203
105.118
132.060
101.938
88.192
108.681
142.737
101.892
82.542
104.338
135.567
99.591
87.743
109.096
143.852
102.616
84.300
105.491
135.993
102.265
86.862
109.840
144.374
102.891
85.813
107.270
135.870
102.260
86.228
110.071
145.342
103.220
86.308
106.547
138.880
103.023
85.567
110.308
145.818
104.242
86.317
106.635
145.689
102.689
85.488
111.755
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption ot fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
August 2008
Survey of C urrent B usiness
99
Table 3.11.5. National Defense Consumption Expenditures and Gross Investment by Type
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
National defense
consumption expenditures
and gross investment
Consumption expenditures 1
Gross output of general
government.............................
Value added............................
Compensation of general
government employees ....
Military.............................
Civilian.............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
Durable goods.....................
Aircraft.............................
Missiles...........................
Ships................................
Vehicles...........................
Electronics.......................
Other durable goods........
Nondurable goods...............
Petroleum products.........
Ammunition.....................
Other nondurable goods
Services...............................
Research and
development
Installation support..........
Weapons support............
Personnel support...........
Transportation of material
Travel of persons.............
Less: Own-account investment4
Sales to other sectors
Gross investm ent5..........................
Structures.....................................
Equipment and software..............
Aircraft......................................
Missiles.....................................
Ships........................................
Vehicles....................................
Electronics and software.........
Other equipment......................
1
2005
I
il
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
2
550.7
482.9
588.1
515.2
624.1
544.6
662.2
580.1
555.0
484.5
576.1
507.5
584.4
512.1
606.3
530.8
585.4
510.3
613.6
538.3
623.1
543.6
624.0
545.3
635.9
551.2
636.9
559.0
656.8
574.8
675.6
591.9
679.3
594.7
699.9
613.8
722.8
628.8
3
4
487.5
264.8
520.5
284.0
550.3
298.8
586.3
314.5
488.7
268.8
512.9
283.4
517.6
282.7
536.7
284.6
514.9
285.3
543.9
295.7
550.2
297.2
551.4
299.5
555.9
302.6
565.6
310.1
580.4
313.1
598.9
316.3
600.0
318.4
618.8
326.4
633.8
331.4
5
6
7
200.4
136.1
64.3
216.2
147.4
68.7
226.5
154.8
71.6
237.9
162.7
75.2
202.8
137.5
65.4
216.6
148.8
67.9
215.4
147.1
68.3
216.5
146.9
69.6
216.1
147.0
69.1
225.2
154.3
70.9
225.3
153.9
71.5
226.4
154.8
71.6
228.9
156.4
72.6
235.0
160.2
74.8
237.1
161.9
75.2
239.1
164.1
75.0
240.3
164.6
75.7
247.4
170.3
77.2
250.9
173.0
77.9
8
64.4
67.8
72.3
76.6
66.0
66.8
67.3
68.1
69.2
70.5
71.8
73.1
73.6
75.1
76.0
77.2
78.1
79.0
80.5
9
10
11
12
13
14
15
16
17
18
19
20
21
222.7
28.9
11.9
2.7
1.4
0.9
4.4
7.6
17.1
7.0
3.6
6.4
176.7
236.5
29.9
10.7
3.3
1.4
1.3
5.5
7.7
21.0
10.1
4.0
6.8
185.7
251.6
33.1
11.0
4.1
1.5
1.8
6.5
8.2
22.0
11.2
4.1
6.7
196.4
271.8
36.0
11.3
4.4
1.5
2.5
7.9
8.3
23.7
12.2
4.1
7.4
212.1
219.9
29.1
12.1
2.5
1.3
1.1
4.6
7.5
16.1
5.7
3.8
6.6
174.7
229.5
28.3
10.7
2.9
1.3
1.1
4.6
7.7
18.0
6.9
3.7
7.3
183.2
234.8
29.3
10.7
3.3
1.4
1.2
5.1
7.6
21.0
10.4
4.0
6.6
184.6
252.1
30.6
10.6
3.2
1.6
1.4
6.1
7.7
23.2
12.2
4.2
6.8
198.3
229.6
31.3
10.9
3.7
1.2
1.4
6.2
7.8
21.6
10.8
4.2
6.6
176.7
248.2
31.3
10.6
3.9
1.4
1.6
5.9
7.9
21.1
9.9
4.1
7.0
195.8
253.0
31.9
10.3
4.3
1.4
1.7
6.0
8.1
21.4
11.2
3.7
6.5
199.7
251.9
33.7
10.8
3.9
1.7
1.9
6.8
8.5
24.9
14.1
4.2
6.7
193.2
253.3
35.7
12.5
4.2
1.4
2.1
7.1
8.3
20.7
9.7
4.4
6.6
196.9
255.5
33,2
10.1
4.2
1.4
2.1
7.2
8.1
22.0
10.2
4.2
7.6
200.3
267.3
35.0
10.9
4.3
1.4
2.5
7.8
7.9
23.2
12.0
3.7
7.5
209.1
282.6
37.6
11.8
4.5
1.7
2.6
8.4
8.5
25.7
13.7
4.4
7.5
219.4
281.6
38.0
12.5
4.8
1.5
2.8
8.1
8.5
23.9
13.0
3.9
7.0
219.7
292.4
39.1
11.4
4.6
1.5
2.8
9.6
9.2
25.7
13.6
4.5
7.5
227.6
302.3
40.6
12.4
4.4
1.5
3.3
10.6
8.3
30.5
18.6
4.1
7.9
231.3
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
48.9
36.5
22.5
52.1
9.0
7.7
2.1
2.5
52.3
35.8
25.1
56.6
7.6
8.3
2.1
3.3
59.0
36.1
24.6
61.7
7.6
7.3
2.1
3.6
58.8
37.3
28.1
68.1
11.6
8.1
2.1
4.1
48.9
35.2
22.1
52.3
8.1
8.0
2.1
2.1
50.7
34.2
23.7
54.2
9.9
10.5
2.0
3.4
52.1
35.2
24.8
54.7
9.3
8.5
2.0
3.4
53.0
38.4
29.7
61.7
7.4
8.1
2.1
3.8
53.4
35.2
22.3
56.1
3.8
5.9
2.1
2.5
58.9
36.3
24.5
59.7
8.3
8.3
2.1
3.5
59.1
37.7
27.3
65.1
5.1
5.4
2.1
4.6
56.6
35.0
22.5
60.8
9.9
8.4
2.1
3.9
61.6
35.5
24.2
61.2
7.3
7.0
2.2
2.6
60.4
35.6
24.6
62.5
9.4
7.8
2.1
4.5
59.3
36.9
27.7
66.4
10.8
8.0
2.1
3.6
56.5
38.8
30.7
71.4
13.1
8.9
2.1
4.9
59.1
37.9
29.5
72.2
13.2
7.8
2.0
3.3
58.9
40.7
31.4
75.9
12.7
7.9
2.0
3.0
62.2
40.4
31.1
77.2
12.5
8.0
2.0
3.0
67.8
72.9
79.5
82.1
70.5
68.6
72.3
75.5
75.2
75.2
79.6
78.7
84.7
77.9
82.1
83.7
84.6
86.1
94.0
5.6
62.2
11.1
3.9
10.0
2.7
11.5
23.0
6.0
66.9
13.5
3.9
9.8
3.9
12.8
22.9
6.3
73.2
13.6
4.5
10.7
5.0
14.3
25.1
7.5
74.6
12.8
4.3
10.5
6.3
16.6
24.1
5.7
64.7
13.8
4.2
9.5
2.6
11.8
22.8
5.7
63.0
12.6
3.1
9.9
2.8
11.7
22.9
5.5
66.8
13.5
4.4
9.5
4.3
12.5
22.6
6.4
69.1
14.0
3.4
10.6
4.6
13.5
22.9
6.3
68.8
14.1
4.8
9.2
3.7
13.7
23.4
5.4
69.8
13.0
4.7
9.8
4.6
13.4
24.3
5.3
74.3
15.2
4.7
11.3
4.8
13.4
24.9
6.7
72.0
11.9
3.4
10.9
5.3
14.9
25.6
7.9
76.8
14.3
5.3
10.9
5.3
15.7
25.4
6.5
71.5
12.1
5.3
10.0
5.2
15.1
23.8
6.6
75.4
14.1
4.2
10.4
6.7
16.4
23.6
7.7
76.0
13.2
3.9
10.4
7.0
17.2
24.2
9.2
75.4
11.7
3.7
11.3
6.2
17.6
24.9
7.9
78.2
10.5
3.7
10.0
8.7
18.9
26.5
8.4
85.6
15.1
4.7
11.2
8.5
20.1
26.0
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
G overnm ent Current Receipts and Expenditures
100
August 2008
Table 3.11.6. Real National Defense Consumption Expenditures and Gross Investment by Type, Chained Dollars
[B n o c a e (2 0 ) d lla ]
illio s f h in d 0 0 o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
National defense
consumption expenditures
and gross investment ......
Consumption expenditures 1 .......
Gross output of general
government..............................
Value added..............................
Compensation of general
government employees....
Military..............................
Civilian..............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3...........
Durable goods.....................
Aircraft..............................
Missiles............................
Ships
Vehicles............................
Electronics.......................
Other durable goods.......
Nondurable goods...............
Petroleum products ........
Ammunition.....................
Other nondurable goods
Services...............................
Research and
development
Installation support..........
Weapons support............
Personnel support...........
Transportation of material
Travel of persons.............
Less: Own-account investment4
Sales to other sectors
Gross investm ent5..........................
Structures.....................................
Equipment and software..............
Aircraft......................................
Missiles.....................................
Ships........................................
Vehicles....................................
Electronics and software ......
Other equipment......................
Residual............................................
2006
2005
I
II
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1
2
475.0
407.6
482.2
411.6
490.0
415.0
502.1
425.8
472.7
403.7
476.3
409.2
481.0
410.7
495.1
421.9
476.5
404.4
486.7
414.5
489.0
414.0
487.9
414.1
496.3
417.6
488.8
415.6
498.8
422.4
511.0
433.5
509.9
431.9
518.9
439.7
528.2
443.7
3
4
411.5
213.4
415.9
215.2
419.5
214.1
430.4
215.1
407.2
215.0
413.6
215.4
415.1
214.8
426.6
215.1
408.1
215.6
418.9
213.2
419.1
212.9
418.7
214.9
421.3
215.4
420.6
214.1
426.6
213.7
438.7
216.0
435.9
216.6
443.4
218.3
447.3
219.9
5
6
7
151.5
100.9
50.6
152.0
100.3
51.7
149.6
97.9
51.7
149.0
97.2
52.0
152.6
101.3
51.3
152.7
101.3
51.3
151.8
100.1
51.7
151.7
99.7
52.1
151.9
100.0
51.9
149.2
97.9
51.4
148.6
97.3
51.4
150.2
98.5
51.7
150.2
98.1
52.3
148.6
97.0
51.8
147.9
96.4
51.7
149.6
97.8
52.0
149.9
97.5
52.5
151.1
98.9
52.3
152.1
99.6
52.6
8
61.6
63.2
65.1
67.1
62.1
62.5
62.9
63.4
63.8
64.3
64.8
65.3
65.8
66.3
66.8
67.3
67.8
68.2
68.8
9
10
11
12
13
14
15
16
17
18
19
20
21
200.1
28.3
11.5
2.6
1.4
0.8
4.7
7.5
15.3
5.8
3.4
6.1
156.1
202.8
28.8
10.2
3.1
1.3
1.1
5.8
7.4
15.3
5.5
3.6
6.3
158.4
208.0
31.2
10.2
3.7
1.4
1.5
6.8
7.7
14.7
5.3
3.4
6.0
162.1
218.8
33.8
10.7
4.0
1.4
2.1
8.3
7.7
15.1
5.5
3.3
6.5
170.1
193.8
28.3
11.6
2.4
1.3
0.9
4.9
7.4
12.8
3.5
3.5
6.2
152.5
200.2
27.4
10.2
2.8
1.3
0.9
4.9
7.4
14.4
4.6
3.4
6.8
157.9
202.5
28.2
10.2
3.1
1.3
1.0
5.4
7.3
15.8
6.1
3.5
6.1
157.9
214.4
29.4
10.1
3.0
1.5
1.2
6.5
7.4
16.1
6.0
3.8
6.3
168.4
194.1
30.1
10.4
3.5
1.1
1.2
6.6
7.5
14.7
5.2
3.8
6.0
149.3
208.5
29.9
10.0
3.7
1.3
1.3
6.3
7.5
14.8
5.1
3.6
6.4
163.7
209.0
30.1
9.5
4.0
1.3
1.4
6.3
7.6
13.9
5.0
3.2
5.9
165.2
206.2
31.5
10.0
3.5
1.5
1.7
7.1
8.0
16.0
6.2
3.4
6.0
158.4
208.4
33.2
11.5
3.7
1.3
1.8
7.4
7.8
14.2
5.0
3.6
5.9
161.2
209.2
31.1
9.4
3.7
1.3
1.7
7.5
7.6
15.3
5.4
3.5
6.7
162.6
216.2
32.9
10.3
3.9
1.3
2.1
8.2
7.4
15.1
5.5
3.1
6.6
168.2
226.8
35.5
11.2
4.0
1.6
2.2
8.9
7.9
16.3
6.1
3.6
6.6
175.1
223.0
35.9
11.9
4.3
1.4
2.3
8.5
7.8
13.8
4.8
3.1
6.1
174.3
229.2
36.9
10.9
4.1
1.4
2.3
10.1
8.4
14.2
4.7
3.6
6.5
179.2
231.6
38.0
11.8
3.9
1.4
2.7
11.1
7.5
14.5
5.0
3.1
6.7
180.2
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
44.2
31.8
20.3
45.8
7.5
6.5
1.7
2.2
45.1
29.8
22.1
48.6
6.1
6.7
1.6
2.7
49.0
29.1
21.2
51.5
6.0
5.6
1.6
2.9
47.5
29.0
23.7
54.8
9.0
6.2
1.5
3.1
43.5
30.0
19.8
45.7
6.7
6.9
1.8
1.7
44.3
28.7
21.1
46.8
8.2
8.9
1.6
2.8
45.1
29.6
21.9
47.0
7.5
6.9
1.6
2.8
45.5
32.0
26.1
52.8
5.9
6.5
1.6
3.1
45.5
29.1
19.5
47.8
3.1
4.7
1.6
2.1
49.6
29.5
21.3
50.4
6.6
6.6
1.6
2.8
49.1
30.5
23.6
54.6
4.0
4.1
1.6
3.6
46.7
28.0
19.4
50.4
7.6
6.3
1.6
3.1
50.6
28.3
20.7
50.5
5.8
5.6
1.6
2.0
49.3
28.2
20.9
50.8
7.5
6.1
1.6
3.5
48.0
28.9
23.5
53.5
8.4
6.1
1.5
2.7
45.5
30.0
25.8
57.3
10.1
6.7
1.5
3.7
47.2
29.2
24.7
57.5
10.1
5.9
1.5
2.5
46.5
31.0
26.2
60.4
9.6
5.8
1.4
2.2
48.7
30.3
25.9
61.4
8.8
5.5
1.4
2.2
68.0
71.7
76.7
78.0
69.9
67.6
71.2
74.4
73.7
73.3
76.9
75.4
81.3
74.5
78.3
79.3
79.9
61.0
87.6
4.8
63.3
12.7
3.9
9.0
2.7
12.7
22.4
-2.3
4.7
67.2
16.0
3.8
8.3
3.9
14.4
21.7
-4.2
4.6
72.5
16.2
4.4
8.3
5.1
16.2
23.2
-6.6
5.2
72.9
15.2
4.1
7.8
6.2
19.0
22.1
-8.9
4.7
65.3
15.9
4.1
8.2
2.6
13.1
22.0
-3.4
4.6
63.1
14.5
3.1
8.4
2.9
13.0
21.8
-3.0
4.4
67.1
15.9
4.3
8.1
4.4
13.9
21.4
-3.7
5.0
69.6
16.7
3.3
9.1
4.7
15.2
21.6
-5.6
4.9
69.1
16.8
4.6
7.6
3.7
15.5
22.0
-5.6
4.1
69.7
15.5
4.5
7.9
4.7
15.1
22.7
-6.2
3.9
73.6
18.1
4.6
8.9
5.0
15.1
23.1
-8.1
4.9
70.8
14.0
3.3
8.3
5.6
16.8
23.7
-5.3
5.7
75.7
17.2
5.1
8.3
5.3
17.7
23.4
-8.5
4.6
70.3
14.7
5.0
7.6
5.1
17.1
21.9
-6.8
4.7
74.0
17.1
4.0
7.7
6.7
18.6
21.7
-9.2
5.4
74.1
15.6
3.7
7.7
6.9
19.8
22.1
-9.6
6.4
73.3
13.6
3.5
8.3
6.0
20.4
22.6
-9.5
5.5
75.8
12.1
3.4
7.2
8.4
22.0
24.0
-11.0
5.8
82.1
17.4
4.4
7.7
8.3
23.5
23.3
-13.4
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software).
or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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.
2. Consumption of fixed capital,
August 2008
Survey of C urrent Business
Table 3.12. Government Social Benefits
[B n o d lla ]
illio s f o rs
Line
Government social benefits............................
To persons........................................................................
Federal..........................................................................
Benefits from social insurance funds...................
Old-age, survivors, and disability insurance.....
Hospital and supplementary medical insurance
Unemployment insurance.................................
State..............................................................
Railroad employees......................................
Federal employees
Special unemployment benefits...................
Railroad retirement
Pension benefit guaranty..................................
Veterans life insurance.....................................
Workers’ compensation....................................
Military medical insurance 1.............................
Veterans benefits......
Pension and disability.......................................
Readjustment.......
Other2..................
Food stamp benefits...
Black lung benefits....
Supplemental security income.............................
Direct relief................
Earned income credit.
Other 3 ..................................................................
State and local.............................................................
Benefits from social insurance funds...................
Temporary disability insurance.........................
Workers’ compensation
Public assistance......
Medical care..........
Medicaid........................................................
Other medical care 4....................................
Family assistance 5
Supplemental security income.........................
General assistance...........................................
Energy assistance..
Other6..................
Education..................
Employment and training.....................................
Other7..................................................................
To the rest of the world 8...............................................
2004
2005
Table 3.13. Subsidies
[B n o d lla ]
illio s f o rs
2006
1 1,399.1 1,485.0 1,581.4
2 1,396.1 1,481.9 1,578.1
3 1,012.3 1,078.5 1,177.1
4
842.0
894.2
987.7
5
485.2
512.6
544.1
6
302.8
394.8
331.9
/
36.4
30.4
31.8
8
34.3
31.0
29.6
9
0.1
0.1
0.1
10
0.7
0.7
0.7
1.4
11
0.0
0.0
12
9.0
9.2
9.5
13
2.4
2.6
2.5
14
1.7
1.6
1.6
15
2.4
2.5
2.5
16
2.0
2.1
2.5
17
32.4
34.8
37.2
18
30.2
32.5
34.9
2.2
19
2.3
2.3
?n
29.4
21
25.6
29.5
22
0.7
0.7
0.6
23
32.1
33.1
34.7
?4
25
41.9
49.2
51.6
26
37.5
37.1
35.9
27
383.8
403.5
401.0
28
16.2
16.4
16.4
4.1
29
3.8
4.4
30
12.4
12.3
12.0
31
347.6
365.3
360.5
32
300.1
315.3
311.4
33
289.7
304.4
299.1
34
10.4
12.3
11.0
18.4
35
18.2
18.3
36
5.2
5.2
5.2
37
7.3
9.5
8.0
2.1
38
2.4
3.0
39
14.5
14.6
14.6
17.2
40
18.9
20.9
41
1.3
1.2
1.3
42
1.5
1.6
1.9
3.0
43
3.1
3.3
2007
1,685.0
1,681.4
1,250.6
1,051.2
575.7
423.7
32.7
32.0
0.1
0.6
0.0
9.8
2.6
1.5
2.6
2.5
40.0
37.6
2.4
Line
Subsidies..................................................................
Federal...............................................................................
Agricultural................................................................
Housing.....................................................................
Maritime....................................................................
Air carriers................................................................
Other1......................................................................
State and local................................................................
54.7
36.5
430.8
16.7
4.6
12.1
387.8
336.6
323.7
12.9
18.8
5.4
9.0
2.7
15.2
23.1
1.0
2.2
3.6
2004
1
2
3
4
5
6
7
8
2005
2006
2007
44.6
44.2
59.3
58.9
49.7
49.4
52.3
45.2
13.3
27.2
0.9
0.0
2.8
25.1
27.7
0.5
0.1
5.6
16.5
28.6
0.6
0.1
3.6
12.7
29.5
0.5
0.1
2.4
0.4
0.4
0.4
7.1
1. Consists largely of subsidies to railroads and mass transit systems.
Table 3.14. Government Social Insurance Funds Current Receipts
and Expenditures
[Billions of dollars]
30.9
0.6
36.7
1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary
facilities.
2. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits.
3. Consists largely of payments to nonprofit institutions, aid to students, and payments for medical services
for retired military personnel and their dependents at nonmilitary facilities.
4. Consists of general medical assistance and state child health care programs.
5. Consists of aid to families with dependent children and, beginning with 1996, assistance programs oper
ating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
6. Consists of expenditures for food under the supplement^ program for women, infants, and children; foster
care; adoption assistance; and payments to nonprofit welfare institutions.
7. Consists largely of veterans benefits, Alaska dividends, and crime-victim payments.
8. Consists of federal government social benefits to the rest of the world.
101
Line
Federal
Current receipts......................................................
Contributions for government social insurance............
Employee and self-employed contributions.............
Employer contributions.............................................
Government..........................................................
Other.....................................................................
Interest received...........................................................
Current expenditures............................................
Administrative expenses (consumption expenditures)
Government social benefits..........................................
To persons................................................................
To the rest of the world.............................................
Net saving................................................................
State and local
Current receipts......................................................
Contributions for government social insurance............
Employee and self-employed contributions.............
Employer contributions.............................................
Government..........................................................
Other.....................................................................
Interest received...........................................................
Current expenditures............................................
Administrative expenses (consumption expenditures)
Government social benefit payments to persons.........
Net saving.................................................................
2004
2005
2006
2007
1
915.0
965.8
1,028.6
1,075.7
2
3
4
b
6
7
8
9
10
11
12
13
805.2
415.6
389.6
58.6
331.0
109.8
850.0
440.6
409.5
60.6
348.9
115.8
902.4
471.8
430.6
63.5
367.1
126.2
942.3
496.1
446.2
66.5
379.7
133.5
858.2
911.7
1,005.7
1,069.4
13.2
845.0
842.0
3.0
14.4
897.3
894.2
3.1
56.8
54.1
22.9
6.4
14
15
16
17
18
19
20
21
22
23
24
27.9
28.7
27.8
27.7
23.6
4.9
18.7
3.2
15.5
4.3
24.2
5.6
18.6
3.9
14.8
4.5
23.1
5.2
17.9
4.2
13.8
4.7
22.8
4.3
18.5
4.3
14.1
4.9
20.8
21.1
21.3
22.2
4.6
16.2
4.7
16.4
5.0
16.4
5.5
16.7
7.1
7.6
6.5
5.5
14.7
14.5
991.0 1,054.8
987.7 1,051.2
3.6
3.3
August 2008
102
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product Accounts
[B n o d lla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Current receipts from the rest of the
world
Exports of goods and services...................
Goods 1......................................................
Durable...................................................
Nondurable............................................
Services 1..................................................
Income receipts...............................................
Wage and salary receipts..........................
Income receipts on assets........................
Interest..................
Dividends...............
Reinvested earnings on U.S. direct
investment abroad.............................
Current payments to the rest of the
w orld...................................................
Imports of goods and services.....................
Goods1.......................................................
Durable....................................................
Nondurable..............................................
Services 1....................................................
Income payments.............................................
Wage and salary payments........................
Income payments on assets.......................
Interest....................................................
Dividends.................................................
Reinvested earnings on foreign direct
investment in the United States..........
Current taxes and transfer payments to the
rest of the world (net)..................................
From persons (net)......................................
From government (net)................................
From business (net).....................................
Balance on current account, NIPAs....
Addenda:
Net lending or net borrowing (-), NIPAs.....
Balance on current account, NIPAs........
Less: Capital account transactions (net)2
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 1,619.9 1,885.0 2,206.1 2,524.1 1,699.2 1,802.8 1,856.9 1,897.4 1,982.9 2,085.1 2,182.9 2,238.4 2,318.2 2,348.8 2,467.3 2,613.4 2,667.1 2,664.0
2 1,182.4 1,311.5 1,480.8 1,662.4 1,228.6 1,266.8 1,305.1 1,314.5 1,359.6 1,423.2 1,462.8 1,492.5 1,544.5 1,560.5 1,614.4 1,714.9 1,759.7 1,820.8 1,907.5
3 818.3 908.4 1,032.1 1,149.2 848.0 871.8 908.6 909.6 943.5 990.9 1,022.3 1,044.5 1,070.7 1,085.0 1,116.8 1,181.2 1,213.7 1,256.9 1,328.9
4 563.8 628.5 718.2 788.7 581.2 597.5 622.0 630.9 663.4 692.3 710.0 723.1 747.3 752.8 768.1 807.6 826.4 829.2 860.9
5 254.5 279.9 313.9 360.5 266.8 274.3 286.5 278.8 280.1 298.6 312.3 321.5 323.4 332.2 348.7 373.6 387.3 427.7 468.0
6 364.1 403.1 448.7 513.2 380.7 394.9 396.5 404.9 416.1 432.4 440.5 448.0 473.8 475.5 497.6 533.8 546.0 563.9 578.6
7 437.5 573.5 725.4 861.7 470.6 536.0 551.8 582.9 623.3 661.9 720.0 745.9 773.7 788.2 852.8 898.5 907.4 843.2
2.9
2.9
2.9
2.9
2.9
2.8
2.9
3.0
3.0
3.0
2.9
2.8
2.9
2.9
2.8
2.9
3.0
3.0
8
9 434.7 570.6 722.5 858.8 467.6 533.2 548.9 580.0 620.4 659.0 717.1 743.1 770.8 785.3 849.9 895.5 904.3 840.2
355.2 367.0 351.3 283.4
10 118.3 186.5 283.6 349.6 141.1 159.9 174.3 195.7 216.2 245.7 277.5 297.3 313.8 324.8
175.8 181.3 170.7 173.9 193.2 200.8 227.5 231.3 292.0
11 121.1 363.3 175.4 213.2 124.4 195.0 233.6 452.7 572.1
12
195.3
20.7
263.5
296.0
202.2
178.3
141.0
-68.5 -167.9
13 2,244.0 2,595.9 2,977.7 3,242.7 2,420.9 2,485.9 2,545.9 2,556.3
14 1,797.8 2,025.1 2,238.1 2,370.2 1,911.2 1,937.5 1,986.0 2,039.6
15 1,499.5 1,705.3 1,882.7 1,985.2 1,598.4 1,626.5 1,669.0 1,717.5
16 934.1 1,022.7 1,127.6 1,172.5 983.2 996.3 1,015.9 1,023.1
17 565.4 682.6 755.1 812.7 615.2 630.2 653.1 694.4
18 298.3 319.8 355.4 385.1 312.8 311.0 317.0 322.1
19 361.3 480.5 647.1 759.3 417.9 433.4 459.6 479.9
9.2
9.5
9.4
9.1
9.5
20
9.0
9.3
10.0
21 352.3 471.2 637.6 749.3 408.5 424.3 450.4 470.4
22 229.4 326.6 466.2 584.8 260.9 285.2 309.1 339.1
95.4
68.4 125.8
73.3 102.5 102.2
95.6 100.3
23
24
49.7
42.1
69.2
68.9
47.3
43.7
72.9
5.5
237.5
258.3
275.0
283.1
267.4
293.9
301.0
321.8
264.8
2,795.3 2,853.9 2,971.8 3,064.0 3,021.3 3,126.4 3,231.0 3,295.4 3,318.1 3,357.0
2,137.4 2,184.9 2,240.0 2,285.2 2,242.2 2,289.4 2,337.5 2,397.5 2,456.5 2,526.5 2,644.8
1,808.2 1,838.7 1,887.2 1,929.8 1,875.1 1,917.4 1,957.1 2,005.4 2,060.9 2,118.0 2,229.8
1,055.5 1,098.9 1,122.4 1,140.6 1,148.5 1,157.4 1,161.1 1,189.5 1,181.9 1,173.2 1,220.4
752.7 739.7 764.8 789.2 726.6 759.9 796.0 815.8 878.9 944.8 1,009.4
329.2 346.3 352.8 355.4 367.2 372.0 380.5 392.1 395.6 408.5 414.9
549.1
582.4
634.8
679.4
691.8
715.8
793.2
786.3
742.0
705.1
9.4
539.7
373.0
120.3
9.4
572.9
410.1
71.2
9.4
625.4
455.5
75.7
9.4
670.1
484.9
92.7
9.7
682.1
514.4
169.1
9.6
706.2
543.8
85.5
10.0
783.2
591.3
83.4
10.1
776.2
604.2
92.1
10.3
731.7
599.9
121.5
10.2
694.8
536.5
114.4
46.5
91.6
94.3
92.5
-1.4
77.0
108.5
79.9
10.3
43.9
99.4
100.3
111.7
125.4
100.4
86.6
97.0
87.2
121.2
119.6
113.2
91.7
115.1
36.9
108.8
84.9
90.3
92.5
25
46.7
52.0
52.2
55.7
56.0
56.3
57.3
57.9
48.5
47.7
47.1
48.2
53.8
43.1
47.9
56.3
42.2
26
51.1
17.7
16.3
22.1
28.6
32.4
22.7
23.8
25.1
11.8
36.4
19.2
16.1
31.8
18.8
32.9
26.5
19.6
25.9
?7
27.9
29.1
33.2
33.8
35.1
22.2
21.1
22.1
21.6
33.4
34.8
33.9 -32.9
27.8
22.6
15.9
21.8
31.0
28
29 -624.1 -710.9 -771.6 -718.6 -721.6 -683.2 -689.1 -658.9 -812.4 -768.8 -788.9 -825.6 -703.1 -777.6 -763.8 -682.0 -651.0 -693.0
113.4
30 -626.5 -714.9 -775.5 -720.4 -723.6 -693.5 -691.1 -660.8 -814.2 -775.6 -793.0 -827.7 -705.6 -779.8 -764.2 -684.5 -653.3 -695.4
31 -624.1 -710.9 -771.6 -718.6 -721.6 -683.2 -689.1 -658.9 -812.4 -768.8 -788.9 -825.6 -703.1 -777.6 -763.8 -682.0 -651.0 -693.0
0.4
2.4
2.5
2.3
10.4
2.0
1.9
6.9
4.0
2.1
2.5
2.2
2.4
1.9
32
4.0
3.9
1.8
2.0
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
58.2
20.1
35.1
August 2008
Survey of C urrent B usiness
103
Table 4.2.1. Percent Change From Preceding Period in Real Exports and in Real Imports of Goods and Services by Type of Product
[P rc n
e e t]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Exports of goods and services............
Exports of goods 1...........................................
Foods, feeds, and beverages......................
Industrial supplies and materials................
Durable goods.........................................
Nondurable goods...................................
Capital goods, except automotive...............
Civilian aircraft, engines, and parts........
Computers, peripherals, and parts.........
Other.......................................................
Automotive vehicles, engines, and parts....
Consumer goods, except automotive.........
Durable goods.........................................
Nondurable goods...................................
Other...........................................................
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 goods 1...........................................
Foods, feeds, and beverages......................
Industrial supplies and materials, except
petroleum and products..........................
Durable goods.........................................
Nondurable goods...................................
Petroleum and products.............................
Capital goods, except automotive...............
Civilian aircraft, engines, and parts........
Computers, peripherals, and parts.........
Other.......................................................
Automotive vehicles, engines, and parts....
Consumer goods, except automotive.........
Durable goods.........................................
Nondurable goods...................................
Other...........................................................
Imports of services 1.......................................
Direct defense expenditures.......................
Travel............................
Passenger fares...........
Other transportation....
Royalties and license fees..........................
Other private services..
Other............................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
2005
I
2007
2006
II
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
9.7
9.0
7.0
7.7
9.1
9.9
8.4
7.5
10.0
7.2
8.1
7.1
8.8
14.5
0.4
-0.8
10.9
13.2
16.7
18.1
5.5
6.7
3.5
3.6
15.6
10.4
0.6
2.1
8.8
6.9
23.0
21.8
4.4
5.1
5.1
4.5
9.2
11.9
-6.3
6.4
8.2
5.4
13.1
3.6
8.8
16.1
9.8
13.8
16.6
10.7
-0.3
5.6
2.7
7.7
0.1
9.4
16.7
15.3
6.8
9.1
10.4
14.0
6.6
12.4
8.0
7.5
9.6
6.3
13.3
18.8
9.4
12.7
7.4
10.5
13.2
7.4
2.4
8.8
5.5
5.6
5.4
8.0
11.4
3.5
7.9
11.9
10.9
15.4
5.4
-5.4
42.0
7.6
6.8
8.0
3.1
1.4
13.4
1.7
3.3
16.5
14.9
18.3
-16.9
-12.6
3.8
4.2
3.5
7.6
14.7
16.8
4.6
6.4
9.5
14.6
3.9
56.8
9.7
11.1
14.8
9.0
22.9
96.2
27.9
9.1
1.4
9.1
8.7
9.7
17.0
-16.3
-9.5
17.9
-21.9
0.0
-34.7
8.3
9.3
13.4
6.9
16.6
-3.5
14.1
17.6
-6.8
13.5
-17.2
26.6
47.1
5.2
26.2
23.1
11.3
7.7
15.9
0.1
15.6
28.2
8.7
41.7
18.1
43.6
12.0
13.6
3.3
13.1
16.7
9.0
21.0
14.4
13.1
2.9
19.6
8.9
-3.4
17.5
10.9
-4.8
9.1
17.6
-0.4
-28.2
7.2
-2.1
0.2
-3.5
2.2
1.3
-7.9
4.2
13.3
8.8
7.1
11.0
9.9
-11.3
14.4
22.0
9.9
13.8
53.1
12.7
5.5
2.6
14.7
14.5
15.0
0.1
8.2
-5.1
-8.0
-3.2
0.2
-11.3
3.9
3.0
14.7
14.5
20.3
7.7
-7.5
18.6
7.1
3.8
9.2
5.4
-6.5
-4.0
10.4
17.7
4.4
12.3
-4.8
-14.3
43.7
16.3
19.6
14.3
25.3
61.6
14.4
18.5
27.8
16.8
20.1
12.7
-7.1
-12.0
7.4
11.1
5.3
10.0
17.3
-9.2
11.0
-2.8
0.3
13.4
-15.1
18.9
14.3
11.2
-5.4
21.7
-3.6
-24.1
0.4
2.7
-11.5
14.9
14.6
15.4
37.1
4.9
14.6
32.3
6.0
6.7
-7.7
52.0
5.8
-1.6
7.7
6.5
9.4
125.2
11.5
5.6
7.2
10.5
16.8
10.2
-2.8
3.2
5.7
13.4
2.7
3.2
28.6
-2.7
13.3
25.9
2.7
6.4
3.5
19.1
12.2
8.8
12.2
12.6
10.6
8.4
18.5
5.5
3.1
-2.0
14.1
4.4
-3.4
-12.9
0.5
4.6
5.3
8.5
13.9
-0.5
-12.3
8.9
7.6
7.4
11.4
14.5
4.9
-34.3
8.2
-22.1
8.4
42.7
29.4
3.0
201.8
10.8
-9.6
5.4
27.2
-0.2
-13.1
-5.9
18.6
35.2
-7.8
-3.5
-14.4
-2.5
48.3
-16.6
17.9
-17.6
4.7
14.9
1.1
-49.6
-3.3
7.8
2.4
2.8
24.0
-9.8
2.8
4.4
-0.4
17.1
6.4
24.4
1.5
-27.2
1.3
-2.9
12.6
12.5
1.6
0.9
1.1
0.2
2.0
3.9
13.8
1.0
3.4
-4.3
17.1
-4.9
17.6
33.8
45.2
8.9
28.0
-8,8
13,8
5.9
-15.0
-1.5
6.5
-46.4
17.7
-0.9
4.3
15.4
22.1
3.1
-22.3
34.6
32.4
1.4
46.2
26.7
4.0
-31.2
14.1
27.0
8.4
-5.7
-0.1
1.8
77.3
-0.4
-10.5
8.2
4.7
10.0
-6.4
^10.0
7.0
19.3
-12.7
11.9
5.6
-5.0
11.3
11.3
5.9
6.8
6.0
6.0
2.2
1.7
13.8
14.5
3.2
5.0
0.6
0.7
0.8
1.1
15.3
17.0
10.3
9.0
0.1
0.5
3.1
3.8
2.0
-0.8
7.7
8.4
-3.7
-4.0
3.0
2.4
-2.3
-2.6
-0.8
-2.0
-6.6
-6.3
5.7
3.6
6.1
1.3
5.5
-2.9
8.6
12.1
4.3
9.2
0.3
5.2
4.5
0.5
-2.2
4.7
-7.7
-5.2
2.8
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
15.7
20.7
10.8
6.5
17.4
-2.0
23.8
17.5
6.8
12.2
18.1
6.1
-0.5
6.8
7.3
6.2
2.2
11.1
2.4
14.3
10.9
3.8
8.2
10.9
5.1
5.3
4.3
9.7
-1.5
-1.9
11.2
6.1
17.3
9.6
6.8
8.0
8.2
7.8
1.9
-3.8
-9.7
3.7
-2.0
5.9
15.3
9.8
3.6
-0.1
5.8
7.0
4.4
-0.4
4.2
18.8
-10.6
58.3
12.6
70.8
17.0
6.1
0.2
17.7
24.8
9.9
2.7
2.8
-5.2
13.8
5.1
2.4
-29.4
3.2
6.3
-0.4
12.9
10.4
15.9
10.1
-2.0
-1.8
-2.3
-27.1
21.1
40.2
11.6
22.8
4.5
4.1
1.9
6.8
-15.5
-1.6
-13.5
12.2
-11.6
4.0
-48.3
20.4
5.8
9.4
-3.2
11.9
-18.6
30.3
23.6
35.8
12.3
53.6
13.1
17.3
15.4
11.9
19.5
6.2
2.5
11.1
-21.0
0.4
30.2
-24.8
-2.8
13.9
50.6
20.7
8.5
11.7
12.9
11.6
14.4
34.4
3.0
-5.1
12.4
-27.1
12.1
-12.6
21.1
11.8
-0.8
9.9
4.1
17.4
12.3
9.4
9.6
8.2
7.5
10.0
-8.9
19.7
8.7
-10.8
10.4
13.5
6.8
-33.3
-17.1
-18.8
-15.3
-10.6
0.9
52.1
-t.3
-1.2
11.3
10.8
13.0
8.1
-9.5
-9.2
-16.3
1.2
30.9
8.1
29.1
34.9
-1.9
-3.7
10.7
7.0
15.3
44.1
8.0
-5.0
25.7
-22.3
4.8
17.3
-6.5
7.8
-4.8
-3.0
-1.3
-5.1
-16.7
5.6
-5.5
19.9
-13.5
6.1
-5.3
-0.2
9.8
17.0
-3.1
7.0
-14.2
24.5
-20.3
-15.0
-25.9
16.5
1.6
-3.3
9.7
-0.5
-11.0
6.4
6.5
6.2
-34.3
-17.3
-10.4
-24.2
17.6
1.1
17.0
6.3
-2.2
-7.9
-6.5
-15.2
5.3
-0.1
1.7
-11.0
16.9
-40.2
12.0
-3.2
32.6
7.6
-12.7
6.4
22.5
-10.7
56.2
48
49
50
51
52
53
54
11.5
1.4
6.0
4.4
10.5
-5.7
0.0
-1.0
6.8
17.7
-2.0
-0.3
18.4
4.2
-2.0
6.3
-0.9
5.5
-8.4
5.3
6.7
19.9
10.9
18.7
14.1
7.8
-6.4
-1.8
1.5
5.3
2.1
4.1
-1.1
-3.2
0.6
-0.3
5.3
-6.4
18.5
-0.8
-4.1
-1.7
-2.7
4.4
2.6
12.4
1.6
-26.5
-2.4
-9.4
15.8
-2.8
47.9
-3.5
-6.4
4.8
-4.9
25.7
-24.8
-23.5
3.3
8.8
-8.3
9.6
-14.4
18.3
9.1
-14.2
-4.9
-10.5
19.1
-16.6
21.5
7.4
3.6
-0.2
11.6
-6.3
17.2
-25.6
14.1
-0.8
4.6
11.8
-4.6
1.3
5.1
49.4
0.6
-18.6
-12.7
1.9
13.7
-30.1
8.1
-4.2
6.3
-9.0
-4.4
19.1
-18.3
-1.4
0.9
-17.6
24.1
-7.1
8.0
69.5
31.4
7.0
12.5
0.9
-16.0
-8.2
20.3
12.4
7.4
-10.1
-20.7
12.7
11.9
-24.0
8.0
-9.4
-7.7
-2.2
14.8
4.1
-8.1
17.2
3.5
1.0
11.9
-8.4
-7.4
-13.4
-0.8
1.8
-12.3
8.5
32.9
4.2
11.4
3.9
-3.6
-22.6
-13.0
-29.9
-17.5
5.7
6.1
-7.8
11.8
3.1
-5.4
10.3
14.3
6.5
11.9
9.7
3.4
5.2
7.9
8.5
4.2
7.5
11.5
6.5
8.5
10.1
8.9
1.7
7.5
8.5
5.4
7.1
7.6
2.2
1.1
2.5
3.9
14.6
42.8
4.7
12.3
18.1
9.3
9.0
2.9
-11.2
8.8
2.7
8.7
5.1
16.6
9.9
4.3
15.3
7.9
-9.4
6.1
6.3
-15.0
-10.0
-0.1
5.5
-5.1
3.6
21.2
-3.4
15.1
13.1
13.1
22.9
11.1
14.4
27.3
24.6
17.5
15.8
0.0
11.5
5.2
10.1
11.3
6.3
4.8
-5.4
7.0
4.3
2.1
-2.8
4.1
3.4
4.2
3.0
12.8
5.1
-9.6
12.1
2.0
-5.1
1.1
2.6
0.8
0.9
2.2
2.7
17.8
5.0
7.0
6.6
26.9
5.4
-1.0
-8.3
-0.2
23.2
18.6
47.2
19.8
7.6
-4.8
5.8
8.7
-2.1
-18.6
7.7
-4.3
-0.1
-6.3
-2.2
19.7
11.8
3.8
-6.3
4.0
-6.4
11.9
11.8
5.6
12.6
6.6
-19.9
6.1
Addenda:
Exports of durable goods............................
Exports of nondurable goods.....................
Exports of agricultural goods 2...................
Exports of nonagricultural goods................
Imports of durable goods.............................
Imports of nondurable goods......................
Imports of nonpetroleum goods.................
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods.
Foreign Transactions
104
August 2008
Table 4.2.2. Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Percent change at annual rate:
Exports of goods and services...........
Percentage points at annual rates:
Exports of goods 1..........................................
1
9.7
7.0
9.1
6.26
5.31
-0.34
1.07
0.47
0.60
3.62
0.16
0.33
3.13
0.75
1.17
0.72
0.45
0.26
0.48
0.47
0.01
2.59
0.71
0.52
1.36
0.68
0.90
0.63
0.27
0.40
2005
I
III
II
8.1
8.8
2007
2006
0.4
IV
I
10.9
16.7
II
III
5.5
3.5
IV
8.4
10.0
15.6
6.88
5.26
5.01
4.90
9.71
-0.59
9.06
12.51
4.62
2.51
7.37
0.36
1.33
0.62
0.71
3.64
0.87
0.31
2.46
0.55
0.92
0.62
0.30
0.08
0.42
1.01
0.39
0.62
2.21
0.58
0.11
1.53
0.85
0.94
0.73
0.21
-0.18
1.73
1.28
0.43
0.86
0.89
0.06
0.47
0.35
0.26
1.41
0.68
0.73
-0.57
-0.54
0.55
0.28
0.28
2.06
0.62
0.57
0.88
0.49
0.83
0.67
0.17
1.50
0.47
1.87
0.90
0.97
5.91
3.25
0.90
1.75
0.11
0.80
0.41
0.39
0.55
-0.79
-1.77
1.05
-2.82
-0.01
-2.01
0.28
1.72
0.94
0.58
0.73
-0.14
0.46
0.75
-1.18
0.85
-2.03
6.86
1.86
0.18
4.82
1.64
0.98
0.37
0.62
0.00
0.65
4.66
0.62
4.04
5.08
1.91
0.40
2.77
0.26
1.15
0.78
0.37
0.70
0.58
2.26
0.21
2.05
2.46
-0.17
0.54
2.09
-0.35
0.77
0.78
-0.02
-1.10
0.29
-0.36
0.03
-0.39
0.63
0.06
-0.27
0.83
0.91
0.74
0.33
0.41
0.30
-0.56
2.62
1.48
1.14
3.83
2.33
0.40
1.10
0.20
1.29
0.70
0.59
0.00
I
II
0.6
2008
III
IV
I
II
4.4
5.1
9.2
15.08
3.53
3.13
8.12
2.01
3.05
1.36
1.69
6.69
2.75
0.41
3.54
2.00
1.52
1.01
0.51
-0.20
-0.69
1.33
0.72
0.61
2.59
0.88
-0.25
1.96
-0.21
0.02
0.63
-0.60
0.48
0.77
2.02
-0.37
2.39
-0.95
-1.45
0.01
0.49
-0.84
1.21
0.69
0.52
0.92
0.29
2.78
2.02
0.77
1.71
-0.38
1.05
1.04
-0.10
0.66
0.33
0.34
2.78
8.8
23.0
1.38
4.78
0.32
-0.94
-0.59
-0.36
0.00
-0.63
0.11
0.52
1.01
1.23
0.93
0.30
-0.23
0.82
1.29
0.26
1.03
1.47
-0.34
-0.12
1.93
1.25
0.40
0.59
-0.19
-0.45
Exports of services 1......................................
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
3.49
1.72
2.21
3.19
5.02
3.15
-0.87
0.98
1.80
4.15
0.83
0.98
8.23
-0.77
4.02
7.96
0.86
1.97
1.10
Transfers under U.S. military agency sales
contracts.................................................
Travel..........................................................
Passenger fares..........................................
Other transportation...................................
Royalties and license fees.........................
Other private services................................
Other...........................................................
1/
18
19
20
21
22
23
0.22
0.75
0.14
0.37
0.57
1.33
0.12
0.23
0.35
0.05
-0.06
0.65
0.56
-0.05
-0.18
0.03
0.07
0.17
0.42
1.70
-0.01
-0.13
0.52
0.12
0.23
0.56
1.85
0.06
-0.49
0.52
-0.39
0.26
1.73
3.35
0.04
1.44
0.67
-0.15
0.16
1.24
-0.03
-0.18
-0.09
1.10
0.48
-0.26
-0.18
-1.90
-0.03
0.56
-1.15
0.27
-0.60
0.23
1.65
0.01
-0.94
-0.20
0.13
0.08
0.14
2.72
-0.13
0.03
0.27
-0.01
0.55
0.32
2.96
0.02
-0.36
0.08
-0.04
0.39
0.57
0.20
0.01
0.01
0.01
0.03
0.13
0.63
0.12
0.04
-0.04
0.98
-0.07
0.54
1.56
5.16
0.10
0.27
-0.51
0.19
0.17
-0.79
-0.18
0.07
-0.61
0.96
-0.01
0.14
0.73
2.78
0.04
-0.21
1.92
0.47
0.05
2.11
3.57
0.05
-0.29
0.79
0.38
0.25
-0.29
-0.01
0.02
0.45
-0.03
-0.18
0.26
0.23
1.31
-0.07
-0.38
0.40
0.29
-0.44
0.56
0.74
-0.06
24
11.3
5.9
6.0
2.2
13.8
3.2
0.6
0.8
15.3
10.3
0.1
3.1
2.0
7.7
-3.7
3.0
-2.3
-0.8
-6.6
25
26
9.41
5.69
5.01
1.46
12.06
4.14
0.62
0.93
14.19
7.56
0.35
3.15
-0.76
7.02
-3.34
2.01
-2.17
-1.65
-5.28
0.21
0.13
0.20
0.04
0.20
-0.10
0.28
0.39
0.15
0.32
0.01
0.17
0.15
0.01
-0.08
0.16
-0.27
-0.18
0.09
11
1.83
1.20
0.64
0.62
3.26
-0.03
1.12
2.17
0.91
2.60
1.96
0.64
-0.02
0.86
0.48
0.38
0.26
2.06
0.03
0.66
1.37
0.47
1.67
1.19
0.49
0.24
0.57
0.66
-0.10
-0.26
2.04
0.08
0.75
1.21
0.78
1.60
0.89
0.71
0.08
-0.50
-0.71
0.21
-0.28
1.08
0.20
0.42
0.46
-0.01
1.15
0.76
0.39
-0.02
0.61
1.27
-0.66
5.09
2.41
0.79
0.82
0.80
0.03
3.58
2.63
0.95
0.14
0.39
-0.40
0.79
0.55
0.41
-0.49
0.15
0.75
-0.06
2.50
1.10
1.40
0.44
-0.32
-0.15
-0.17
-3.59
3.63
0.46
0.52
2.65
0.52
0.85
0.21
0.64
-0.76
0.00
0.13
-0.31
0.12
-0.49
0.20
0.42
-0.08
-0.31
-0.96
0.65
-1.51
0.74
-0.85
0.87
0.73
1.07
-0.66
1.25
-1.91
1.20
2.82
2.09
0.73
6.22
2.45
0.20
0.70
1.55
2.26
1.28
0.28
1.00
-1.00
-0.26
1.80
-2.06
-0.39
2.59
0.55
0.91
1.13
1.40
2.53
1.26
1.27
1.38
0.23
-0.39
0.62
-4.31
2.14
-0.17
0.87
1.43
-0.09
1.87
0.42
1.44
0.50
1.09
0.68
0.41
1.06
1.81
-0.11
0.83
1.10
-1.27
1.98
1.38
0.60
-1.70
-2.46
-1.52
-0.95
-1.49
0.17
0.54
-0.20
-0.16
1.21
2.08
1.36
0.72
-0.42
-1.09
-1.22
0.13
3.34
1.53
0.37
1.41
-0.25
-0.43
2.18
0.80
1.38
1.49
1.01
-0.33
1.34
-3.22
0.90
0.23
-0.31
0.97
-0.54
-0.62
-0.14
-0.49
-0.78
0.72
-0.38
1.10
-1.98
1.12
-0.08
-0.01
1.21
1.73
-0.64
0.75
-1.39
0.89
-2.76
-1.04
-1.72
2.28
0.29
-0.05
0.40
-0.06
-1.26
1.22
0.70
0.52
-1.66
-2.25
-0.67
-1.58
2.74
0.21
0.23
0.26
-0.28
-0.85
-1.30
-1.75
0.45
0.00
0.21
-0.70
0.92
-9.20
2.03
-0.05
1.17
0.91
-1.31
1.16
2.11
-0.94
1.72
-0.15
1.13
2.78
-0.22
-0.03
2.77
0.69
-0.33
1.01
-0.14
0.86
-1.35
-0.07
-0.38
0.23
-0.55
0.25
0.35
0.02
0.00
0.38
-0.08
0.50
-0.35
0.68
0.00
0.08
0.39
-0.06
0.04
0.06
2.26
0.00
-0.27
-0.42
0.02
0.39
-0.37
0.45
-0.02
0.09
-0.30
-0.06
0.51
-0.20
-0.08
0.00
-0.26
0.71
-0.09
0.23
0.56
1.59
0.03
0.16
0.03
-0.21
-0.25
0.21
0.71
0.03
-0.15
-0.75
0.14
0.32
-0.30
0.46
-0.05
-0.11
-0.07
0.17
0.12
-0.09
0.98
0.02
0.01
0.36
-0.11
-0.22
-0.14
-0.05
0.01
-0.18
0.26
0.35
0.12
0.11
0.23
-0.02
-0.34
-0.43
-0.43
-0.52
0.05
0.35
-0.04
Foods, feeds, and beverages.....................
Industrial supplies and materials...............
Durable goods........................................
Nondurable goods..................................
Capital goods, except automotive..............
Civilian aircraft, engines, and parts.......
Computers, peripherals, and parts........
Other......................................................
Automotive vehicles, engines, and parts....
Consumer goods, except automotive........
Durable goods........................................
Nondurable goods..................................
Other...........................................................
Percent change at annual rate:
Imports of goods and services...........
Percentage points at annual rates:
Imports of goods 1 .........................................
Foods, feeds, and beverages.....................
Industrial supplies and materials, except
petroleum and products.........................
Durable goods........................................
Nondurable goods..................................
Petroleum and products..............................
Capital goods, except automotive..............
Civilian aircraft, engines, and parts.......
Computers, peripherals, and parts........
Other......................................................
Automotive vehicles, engines, and parts....
Consumer goods, except automotive........
Durable goods........................................
Nondurable goods..................................
Other...........................................................
Imports of services 1......................................
Direct defense expenditures......................
Travel..........................................................
Passenger fares..........................................
Other transportation...................................
Royalties and license fees.........................
Other private services................................
Other...........................................................
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
-0.01
1.91
0.24
0.95
0.71
1.76
-0.97
0.09
0.25
0.26
0.32
0.23
-0.11
-0.06
0.02
0.16
0.03
0.21
-0.01
-0.05
0.02
0.00
0.16
-0.08
0.91
0.00
-0.06
-0.05
-0.03
0.13
0.03
0.69
0.01
-0.49
-0.09
-0.13
0.46
-0.04
2.06
-0.02
-0.10
0.17
-0.07
0.71
-0.36
-1.33
0.02
0.71
0.04
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 2008
105
Survey of Current Business
Table 4.2.3. Real Exports and Imports of Goods and Services by Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Exports of goods and services
Exports of goods 1...............................
Foods, feeds, and beverages..........
Industrial supplies and materials.....
Durable goods..............................
Nondurable goods.......................
Capital goods, except automotive....
Civilian aircraft, engines, and
parts.........................................
Computers, peripherals, and parts
Other............................................
Automotive vehicles, engines, and
parts.............................................
Consumer goods, except automotive
Durable goods..............................
Nondurable goods.......................
Other................................................
Exports of services 1 ..........................
Transfers under U.S. military agency
sales contracts.............................
Travel................................................
Passenger fares...............................
Other transportation.........................
Royalties and license tees...............
Other private services.....................
Other................................................
Imports of goods and services
Imports of goods 1...............................
Foods, feeds, and beverages..........
Industrial supplies and materials,
except petroleum and products....
Durable goods..............................
Nondurable goods.......................
Petroleum and products..................
Capital goods, except automotive....
Civilian aircraft, engines, and
parts.........................................
Computers, peripherals, and parts
Other............................................
Automotive vehicles, engines, and
parts.............................................
Consumer goods, except automotive
Durable goods..............................
Nondurable goods........................
Other................................................
Imports of services 1............................
Direct defense expenditures............
Travel................................................
Passenger fares...............................
Other transportation........................
Royalties and license fees...............
Other private services......................
Other................................................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 102.723 109.942 119.937 130.068 105.385 107.447 109.747 109.853 112.721 117.147 118.712 119.734 124.153 124.343 126.992 133.747 135.189 136.880 139.934
2
3
4
5
6
7
100.011 107.698 118.407 127.335 102.503 104.279 107.860 107.632 111.023 115.734 117.614 118.658 121.621 122.251 124.300 130.571 132.219 133.690 137.486
96.088
105.164
94.846
111.693
95.207
101.489
108.033
102.136
111.786
104.149
109.575
116.095
111.896
118.774
118.027
119.271
122.476
118.170
125.223
127.527
104.400
106.718
95.646
113.720
96.870
100.937
107.713
96.646
114.690
98.662
103.306
110.577
100.046
117.190
103.881
98.813
107.856
104.253
110.168
103.874
102.899
105.985
107.599
105.096
110.181
106.690
112.770
109.866
114.657
114.870
110.346
116.293
110.650
119.909
117.356
112.291
115.683
110.715
118.847
118.009
108.975
119.636
116.353
121.682
121.872
111.139
118.081
113.943
120.703
121.936
115.974
120.120
115.012
123.380
123.551
126.977
124.728
120.266
127.573
130.727
122.992
126.975
123.461
129.234
133.894
127.180
130.383
121.763
135.750
132.678
128.713
134.906
130.593
137.739
134.850
8 89.347 104.262 123.828 137.935 91.188 94.377 111.692 100.406 110.575 121.035 119.995 120.383 133.898 129.949 127.782 144.072 149.937 139.942 137.179
9 88.321 101.824 111.415 115.369 92.251 95.908 101.991 104.038 105.358 108.374 112.832 110.548 113.908 114.996 113.824 117.726 114.931 115.052 127.757
10 98.298 105.005 118.331 127.650 99.480 100.610 102.832 105.137 111.443 115.047 118.069 119.303 120.903 121.804 124.846 130.258 133.690 134.568 136.473
11
12
13
14
15
16
108.456
114.776
114.758
114.818
83.458
17
18
19
20
21
22
23
24
25
26
114.365
86.373
71.324
113.289
115.655
130.640
106.667
27
28
29
30
31
118.296
126.759
130.824
122.344
93.793
127.051
140.127
148.146
131.414
96.059
142.112
155.341
170.904
138.535
90.843
112.799
120.060
121.494
118.517
80.005
114.571
122.804
125.709
119.656
89.534
114.974
125.520
128.354
122.450
93.121
118.659
127.619
133.376
121.357
96.245
124.982
131.091
135.858
125.912
96.274
126.009
135.183
141.202
128.644
100.982
124.483
138.168
147.056
128.517
92.941
128.444
141.113
149.592
131.900
95.151
129.267
146.046
154.737
136.595
95.163
133.789
151.066
162.044
139.137
93.336
139.367
152.700
166.795
137.441
89.811
148.178
158.748
174.598
141.611
88.163
147.116
158.849
180.181
135.949
92.062
142.695
164.473
186.423
140.907
99.614
142.129
167.567
189.393
144.118
122.025
109.451 115.535 123.826 136.868 112.529 115.288 114.468 115.385 117.001 120.750 121.557 122.526 130.470 129.591 133.690 141.620 142.570 144.792 146.046
135.501
91.126
73.558
111.077
131.914
136.444
103.092
118.002
91.579
76.961
116.982
143.172
155.451
102.595
103.511
99.730
82.805
125.616
159.545
178.017
107.650
103.117
88.171
69.413
113.816
124.123
136.220
107.814
135.911
90.455
67.683
115.316
131.809
136.163
104.093
133.870
94.396
72.987
112.999
130.638
130.958
103.448
147.734
90.198
76.061
107.671
132.147
135.576
103.735
124.488
89.454
77.503
108.324
133.063
143.077
101.091
125.342
90.417
77.433
112.676
135.136
151.118
101.456
115.773
90.712
76.864
116.064
139.183
151.701
101.671
116.084
90.764
77.250
117.170
143.763
152.061
102.523
114.808
94.424
76.295
122.016
154.605
166.924
104.732
122.127
92.277
78.795
123.773
148.447
166.312
106.388
104.490
96.114
78.609
125.088
153.846
174.827
107.200
98.096
103.534
84.315
125.524
169.177
185.491
108.263
89.332
106.994
89.499
128.079
166.709
185.436
108.749
103.088
106.880
87.045
130.621
168.639
189.916
106.953
90.738
108.695
90.975
126.273
173.429
192.538
105.594
116.546 123.455 130.815 133.654 121.135 122.083 122.271 122.509 126.955 130.118 130.161 131.164 131.818 134.289 133.041 134.033 133.254 132.991 130.728
117.173 125.164 132.613 134.921 122.089 123.580 123.807 124.154 129.114 131.940 132.115 133.338 133.057 135.772 134.401 135.197 134.315 133.654 131.501
125.485 130.056 137.943 139.687 126.803 125.877 128.495 132.227 133.625 136.608 136.703 138.460 140.002 140.170 139.386 140.990 138.203 136.368 137.312
116.639
120.626
112.674
114.665
108.486
124.518
129.383
119.672
117.239
120.575
129.889
141.936
117.849
114.958
134.054
124.901
128.155
122.231
112.670
141.960
122.710
131.408
113.847
121.343
114.146
123.564
129.656
117.595
122.848
114.811
122.952
129.062
116.912
113.501
120.441
122.447
124.456
120.315
110.071
121.620
129.106
134.358
123.866
122.536
125.427
129.226
143.533
115.334
121.665
129.566
130.178
141.658
118.757
112.408
133.307
133.130
144.950
121.108
114.458
136.519
127.020
137.604
116.197
111.303
136.822
124.003
131.603
116.549
119.061
139.524
126.414
129.926
123.414
111.790
141.177
128.136
128.092
129.144
107.819
143.292
121.051
122.999
119.819
112.011
143.846
115.429
119.673
111.806
116.638
144.252
115.917
116.243
116.248
102.561
148.405
32 84.694 86.694 91.980 106.094 95.270 87.332 95.024 80.570 83.849 92.888 89.819 87.760 97.454 103.887 108.106 106.631 105.750 109.995 109.118
33 135.887 155.367 182.230 200.083 146.101 147.247 151.355 158.536 164.331 172.258 180.710 189.004 186.947 201.493 198.137 198.043 202.660 205.800 220.824
34 102.487 113.661 124.561 129.089 106.148 107.776 113.457 115.062 118.350 120.799 124.202 126.819 126.424 125.820 128.210 131.241 131.086 130.354 132.778
118.027
146.809
155.361
137.688
105.366
126.012
158.553
168.057
148.420
107.322
125.864
167.794
179.857
154.939
106.881
114.555
141.394
148.682
133.598
104.186
115.684
147.222
153.126
140.902
102.326
123.693
148.254
158.445
137.400
103.083
123.932
167.489
177.496
156.807
105.461
125.174
168.747
183.369
153.183
100.285
122.624
165.927
175.981
155.176
100.254
118.537
168.501
185.122
150.842
112.086
35
36
37
38
39
40
41
42
43
44
45
46
47
113.661
135.697
140.088
131.017
100.076
158.020
86.964
88.343
111.043
129.698
139.531
110.659
147.873
85.425
89.685
116.983
132.396
145.257
109.420
143.086
85.902
89.388
123,176
123.900
172.108
108.544
137.224
84.472
86.966
128.657
127.134
193.484
110.284
148.947
86.402
87.670
115.155
136.888
150.125
111.243
146.496
87.424
86.572
121.936
127.471
140.411
112.149
149.603
85.553
88.584
117.287
132.929
143.506
107.939
147.737
83.205
92.537
112.089
139.563
146.099
108.908
147.653
85.516
91.047
116.619
129.621
151.013
108.684
149.335
87.944
89.982
117.006
131.251
166.958
108.846
141.829
85.006
90.414
120.818
120.016
170.231
107.674
143.999
83.023
89.394
126.220
114.118
169.624
107.913
137.183
87.634
87.761
128.658
130.213
181.620
109.744
141.289
87.828
84.019
125.923
136.365
187.018
111.727
137.576
82.880
86.565
129.525
127.311
190.631
109.015
134.841
82.413
89.609
130.838
124.638
198.350
109.949
135.192
84.766
87.672
128.341
120.221
197.937
110.443
130.835
86.503
94.132
129.672
123.500
199.847
109.441
122.723
83.533
86.119
123.586
125.213
202.815
107.228
48
49
50
51
52
53
54
98.133
105.582
96.420
100.445
116.290
119.490
117.506
107.617
109.183
101.425
108.370
126.218
124.479
126.372
119.980
116.304
110.008
119.268
137.423
126.624
135.800
130.213
122.542
117.787
128.309
140.459
127.961
139.177
100.272
108.917
104.084
102.496
121.819
123.371
122.066
102.462
109.692
101.047
104.686
122.636
125.981
123.605
106.469
112.306
102.128
108.484
124.976
122.905
125.435
108.103
107.828
99.477
108.462
126.656
121.312
126.536
113.432
106.907
103.046
111.847
130.604
127.717
129.913
117.312
113.564
108.876
116.460
135.485
127.716
133.487
118.818
116.316
111.832
118.256
137.069
125.944
135.774
120.065
116.935
111.038
119.453
138.221
127.245
136.783
123.724
118.401
108.284
122.904
138.915
125.590
137.155
124.528
118.641
108.533
123.579
139.831
130.849
138.824
126.649
120.553
115.193
125.219
139.466
128.061
138.744
133.434
125.813
126.889
130.994
142.050
126.487
140.707
136.241
125.159
120.532
133.444
140.490
126.448
138.434
135.479
130.919
123.936
134.709
138.219
127.688
136.179
139.355
134.613
125.629
138.763
140.450
120.779
138.198
114.426
145.736
152.394
138.615
106.725
118.303
146.025
157.481
133.835
109.330
127.154
152.812
162.870
142.097
110.998
126.900
156.474
164.506
147.908
114.265
123.331
160.388
169.797
150.353
103.278
126.663
164.540
175.055
153.323
100.746
125.463
168.778
178.060
158.868
110.376
128.889
166.163
180.504
150.899
111.402
113.589 115.216 122.153 127.581 116.597 114.891 114.888 114.586 116.499 121.337 120.740 120.663 125.872 127.166 126.515 128.460 128.185 129.913 127.088
Addenda:
Exports of durable goods................
Exports of nondurable goods..........
Exports of agricultural goods 2........
Exports of nonagricultural goods.....
Imports of durable goods.................
Imports of nondurable goods...........
Imports of nonpetroleum goods. .
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 . I n c lu d e s p a r t s o f fo o d s , fe e d s , a n d b e v e r a g e s , o f n o n d u r a b le in d u s t r ia l s u p p lie s a n d m a te r ia ls , a n d o f n o n d u r a b le n o n a u t o m o t iv e c o n s u m e r g o o d s .
August 2008
Foreign Transactions
106
Table 4.2.4. Price Indexes for Exports and Imports of Goods and Services by Type of Product
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Exports of goods and services
Exports of goods 1...............................
Foods, feeds, and beverages...........
Industrial supplies and materials...
Durable goods.............................
Nondurable goods.......................
Capital goods, except automotive..
Civilian aircraft, engines, and
parts.........................................
Computers, peripherals, and parts
Other............................................
Automotive vehicles, engines, and
parts.............................................
Consumer goods, except automotive
Durable goods..............................
Nondurable goods.......................
Other................................................
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 goods 1 ...............................
Foods, feeds, and beverages...........
Industrial supplies and materials,
except petroleum and products....
Durable goods.............................
Nondurable goods.......................
Petroleum and products...................
Capital goods, except automotive....
Civilian aircraft, engines, and
parts.........................................
Computers, peripherals, and parts
Other............................................
Automotive vehicles, engines, and
parts.............................................
Consumer goods, except automotive
Durable goods..............................
Nondurable goods.......................
Other................................................
Imports of services 1
Direct defense expenditures............
Travel................................................
Passenger fares................................
Other transportation........................
Royalties and license fees...............
Other private services.....................
Other..............
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
r
II
2008
III
IV
I
II
1 104.997 108.814 112.618 116.586 106.362 107.557 108.489 109.169 110.042 110.834 112.418 113.722 113.499 114.520 116.011 117.018 118.794 121.397 124.406
2
3
4
5
6
7
104.323 107.536 111.131 115.062 105.489 106.606 107.409 107.764 108.364 109.174 110.840 112.250 112.260 113.188 114.591 115.382 117.085 119.916 123.286
122.983
113.835
116.119
112.477
97.515
121.348
126.389
126.493
126.204
97.716
125.753
138.182
142.356
135.654
98.488
147.582
148.503
151.498
146.653
98.278
116.408
119.550
121.267
118.478
97.803
118.542
123.004
125.244
121.639
97.889
122.343
125.293
126.355
124.550
97.883
122.805
126.916
125.521
127.553
97.726
121.702
130.342
128.852
131.073
97.367
121.761
132.748
134.637
131.496
97.800
122.779
138.235
142.277
135.777
98.332
126.940
141.939
145.984
139.510
98.729
131.533
139.805
146.526
135.834
99.093
139.103
141.997
148.330
138.223
98.753
141.966
148.172
153.413
145.019
98.219
148.198
150.077
151.688
149.020
98.065
161.062
153.764
152.563
154.350
98.076
180.050
160.153
157.844
161.369
98.410
192.662
170.256
162.962
174.305
98.819
8 116.309 121.229 126.231 131.606 118.459 120.157 120.840 121.478 122.439 124.592 126.006 126.560 127.764 129.946 130.789 132.100 133.591 135.724 136.473
9 87.261 80.518 76.890 71.080 84.858 83.098 81.534 79.670 77.771 77.974 77.198 76.538 75.850 73.256 71.049 70.270 69.745 67.654 66.719
10 95.827 96.599 97.473 97.268 96.325 96.498 96.688 96.745 96.465 96.611 97.238 97.818 98.227 97.832 97.363 97.037 96.840 97.263 97.870
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
102.366
100.638
100.584
100.676
106.734
103.523
101.757
101.610
101.900
111.039
104.786
103.060
102.557
103.630
115.375
105.999
105.231
103.620
107.233
120.698
102.834
101.000
100.990
100.985
108.243
103.177
101.671
101.417
101.937
109.761
103.375
101.758
101.539
101.985
110.809
103.603
101.708
101.714
101.672
111.336
103.937
101.892
101.771
102.007
112.251
104.208
102.185
101.688
102.748
113.155
104.628
102.855
102.382
103.389
115.021
105.039
103.607
103.152
104.120
116.622
105.268
103.590
103.005
104.265
116.700
105.667
104.325
103.169
105.721
118.188
105.892
105.114
103.668
106.889
120.108
106.045
105.456
103.649
107.716
121.210
106.390
106.028
103.992
108.607
123.286
106.744
106.761
104.782
109.256
126.673
107.229
107.644
105.144
110.885
130.503
106.632 111.855 116.156 120.211 108.455 109.828 111.058 112.507 114.026 114.783 116.171 117.223 116.448 117.690 119.392 120.905 122.855 124.932 127.094
100.630
104.742
127.754
109.459
108.980
103.736
111.853
104.098
108.938
137.800
124.699
112.914
107.302
117.341
107.432
113.595
138.404
132.867
116.633
111.248
121.798
109.910
117.687
149.360
137.793
119.775
114.840
126.772
102.208
106.330
133.209
114.047
110.300
104.875
113.328
103.005
106.956
138.527
115.226
111.281
106.303
116.443
103.558
107.614
138.475
121.323
112.250
107.189
115.715
104.469
109.850
140.988
127.048
113.531
107.333
116.572
105.361
111.421
133.400
135.201
114.571
108.382
120.634
106.097
112.242
134.244
132.279
115.333
109.892
121.172
107.156
113.899
137.478
134.379
116.534
110.959
122.138
108.318
114.856
141.345
135.026
117.255
112.153
120.882
108.159
113.386
140.581
129.785
117.279
111.990
123.000
108.759
114.777
142.328
130.985
118.367
113.366
121.821
109.186
116.943
147.487
135.668
119.476
114.159
124.655
110.418
118.347
149.751
139.936
119.991
115.246
129.132
111.277
120.227
156.826
144.582
121.085
116.587
131.480
111.868
121.940
159.669
153.404
122.169
117.291
142.119
112.544
123.579
161.190
166.597
123.139
117.891
148.729
104.526 111.154 115.932 120.168 106.973 107.582 110.096 112.840 114.098 113.796 116.619 118.055 115.258 115.514 119.050 121.200 124.907 128.722 137.080
102.915 109.568 114.171 118.326 105.356 105.895 108.452 111.280 112.646 112.084 114.884 116.391 113.323 113.560 117.091 119.274 123.378 127.427 136.352
107.707 113.872 118.150 127.179 110.520 112.494 114.194 113.346 115.456 116.675 116.634 118.690 120.603 123.223 125.380 128.386 131.729 136.193 142.263
111.690
111.704
111.460
130.948
91.263
123.047
117.752
128.786
178.743
90.657
129.252
128.882
129.072
218.894
89.910
136.387
138.711
133.004
244.422
90.226
115.934
115.475
116.251
148.518
90.794
118.533
118.327
118.396
145.062
91.151
120.223
118.484
121.902
168.684
91.206
121.794
116.357
127.767
201.642
90.398
131.638
117.840
147.081
201.259
89.875
127.832
121.378
134.912
200.513
89.825
128.108
128.620
126.686
232.187
89.797
130.398
132.657
127.086
242.205
89.982
130.670
132.871
127.604
201.590
90.036
132.887
133.805
131.169
197.905
89.949
137.275
139.776
133.703
232.612
89.755
135.648
140.979
129.028
256.269
90.435
139.737
140.283
138.118
294.251
90.766
149.143
144.953
152.649
320.072
90.777
163.107
160.633
164.658
396.727
91.765
32 108.776 112.617 117.001 122.958 110.360 111.456 112.164 113.163 113.686 115.422 116.664 117.447 118.471 120.342 121.097 124.449 125.945 127.586 129.667
33 72.666 66.907 61.958 58.552 70.225 69.024 68.045 66.001 64.560 63.404 62.148 61.333 60.947 59.501 58.385 58.342 57.979 56.434 55.954
34 97.473 99.178 100.325 102.305 97.844 98.950 99.484 99.188 99.090 99.503 100.057 100.758 100.981 101.523 101.807 102.635 103.256 104.058 105.813
35
36
37
38
39
40
41
42
43
44
45
46
47
102.483
98.554
96.302
101.064
104.055
103.574
99.400
96.421
102.810
107.638
103.970
99.779
97.030
102.892
110.238
105.022
101.130
98.070
104.641
113.066
103.291 103.392 103.506 103.639 103.761 103.519 103.808 104.194
98.619 99.496 99.512 99.329 99.265 99.431 99.466 99.974
96.336 96.755 96.606 96.159 96.164 96.403 96.733 97.306
101.164 102.607 102.827 102.981 102.827 102.900 102.560 102.985
105.288 106.553 107.140 107.486 109.372 109.427 109.676 110.537
104.360
100.244
97.678
103.125
111.311
104.479
100.697
97.719
104.104
111.965
104.635
100.753
97.721
104.229
112.714
104.945
101.301
98.171
104.904
113.147
106.030
101.768
98.668
105.327
114.437
107.118
102.875
99.344
106.995
116.944
107.684
104.247
100.961
108.034
119.107
113.049 119.496 125.257 129.928 115.523 116.534 118.782 121.027 121.639 122.860 125.795 126.793 125.579 125.938 129.478 131.423 132.874 135.377 140.570
137.622
116.847
115.265
117.737
108.963
102.174
111.939
150.962
124.778
120.114
127.801
112.883
105.192
118.229
160.975
129.724
126.745
127.892
116.537
113.652
122.246
177.523
139.353
134.939
125.798
119.644
116.559
127.079
146.603
120.465
117.577
121.490
110.262
102.103
114.312
152.837
121.539
119.125
121.909
111.243
102.155
115.586
148.419
126.510
119.466
125.421
112.212
104.223
118.085
151.559
127.464
120.126
130.379
113.491
106.272
119.866
151.031
123.745
121.738
133.495
114.532
108.116
119.378
153.436
123.886
123.556
130.875
115.293
111.507
119.962
161.778
130.581
126.240
130.732
116.493
113.200
123.027
164.501
134.185
126.982
127.038
117.215
114.841
124.148
164.187
130.525
130.200
122.921
117.239
115.063
121.849
166.209
130.482
131.842
122.833
118.326
115.099
122.632
174.350
140.592
132.895
124.998
119.434
116.173
127.036
178.906
144.374
136.544
126.360
119.949
117.035
129.132
190.629
142.452
138.476
129.000
121.043
117.929
129.518
199.134
145.244
141.005
133.055
122.127
118.934
131.890
212.716
150.792
153.358
142.872
123.097
120.294
135.641
100.936
112.060
123.633
102.803
97.876
111.916
99.932
102.590
119.188
121.163
106.398
98.728
129.706
102.389
105.152
125.484
125.453
109.939
99.983
141.041
103.594
106.408
136.746
148.110
112.617
101.715
150.215
105.809
101.829
113.883
116.136
104.581
98.353
118.033
100.801
102.447
116.244
118.229
105.613
98.987
118.329
101.741
102.638
118.581
122.388
106.181
99.040
125.690
102.137
102.524
120.150
122.254
106.565
98.419
135.390
102.076
102.749
121.777
121.780
107.234
98.466
139.413
103.603
103.685
122.231
121.703
108.106
98.837
137.031
103.071
104.998
124.833
122.439
109.832
99.787
143.647
103.176
105.812
127.834
126.238
111.076
100.558
146.691
103.920
106.113
127.040
131.430
110.743
100.748
136.795
104.208
106.210
130.235
139.347
111.220
100.865
137.279
104.797
106.540
134.583
141.786
112.548
101.444
146.899
105.520
106.322
138.173
149.362
112.871
102.039
152.422
105.867
106.560
143.992
161.946
113.828
102.510
164.257
107.053
107.529
151.990
180.483
115.619
103.430
174.843
109.126
108.532
161.760
193.712
118.316
105.879
197.498
112.137
Addenda:
Exports of durable goods................
Exports of nondurable goods..........
Exports of agricultural goods 2.......
Exports of nonagricultural goods
Imports of durable goods.................
Imports of nondurable goods...........
Imports o f nonpetroleum goods..
48
49
50
51
52
53
54
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 . In c lu d e s p a r t s o f fo o d s , fe e d s , a n d b e v e r a g e s , o f n o n d u r a b le i n d u s tr ia l s u p p lie s a n d m a te r ia ls , a n d o f n o n d u r a b le n o n a u t o m o t iv e c o n s u m e r g o o d s .
August 2008
107
Survey of Current Business
Table 4.2.5. Exports and Imports of Goods and Services by Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
2004
Exports of goods and services
Exports of goods 1...............................
Foods, feeds, and beverages..........
Industrial supplies and materials.....
Durable goods..............................
Nondurable goods.......................
Capital goods, except automotive....
Civilian aircraft, engines, and
parts.........................................
Computers, peripherals, and parts
Other............................................
Automotive vehicles, engines, and
parts.............................................
Consumer goods, except automotive
Durable goods..............................
Nondurable goods.......................
Other................................................
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 goods 1...............................
Foods, feeds, and beverages..........
Industrial supplies and materials,
except petroleum and products....
Durable goods..............................
Nondurable goods.......................
Petroleum and products..................
Capital goods, except automotive....
Civilian aircraft, engines, and
parts.........................................
Computers, peripherals, and parts
Other............................................
Automotive vehicles, engines, and
parts.............................................
Consumer goods, except automotive
Durable goods..............................
Nondurable goods.......................
Other................................................
Imports of services 1...........................
Direct defense expenditures............
Travel................................................
Passenger fares...............................
Other transportation........................
Royalties and license fees...............
Other private services......................
Other................................................
1 1,182.4
2005
2006
2007
2004
IV
Line
2005
2007
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1,311.5
1,480.8
1,662.4
1,228.6
1,266.8
1,305.1
1,314.5
1,359.6
1,423.2
1,462.8
1,492.5
1,544.5
1,560.5
1,614.4
1,714.9
1,759.7
1,820.8
1,907.5
2006
2008
2
3
4
5
6
7
818.3
908.4
1,032.1
1,149.2
848.0
871.8
908.6
909.6
943.5
990.9
1,022.3
1,044.5
1,070.7
1,085.0
1,116.8
1,181.2
1,213.7
1,256.9
1,328.9
56.6
199.5
70.1
129.4
331.4
59.0
227.5
82.2
145.3
363.3
66.0
267.3
101.3
166.0
415.0
84.3
303.1
113.9
189.2
447.4
58.3
212.5
73.8
138.7
338.2
57.3
220.8
77.0
143.8
344.8
60.5
230.9
80.4
150.5
363.0
58.1
228.2
83.2
144.9
362.4
59.9
230.2
88.2
142.1
383.0
62.2
249.4
94.1
155.4
401.0
64.9
267.8
100.1
167.7
411.9
68.2
273.5
102.8
170.7
415.9
68.6
278.5
108.4
170.1
431.1
73.9
279.2
107.5
171.7
429.9
78.7
296.3
112.2
184.1
433.3
89.9
311.6
116.0
195.6
457.7
94.6
325.0
119.8
205.2
468.8
109.4
347.6
122.3
225.4
466.2
118.4
382.4
135.4
247.0
475.8
8
9
10
50.0
42.8
238.7
60.8
45.5
257.0
75.2
47.6
292.2
87.3
45.5
314.6
51.9
43.5
242.8
54.5
44.3
246.0
64.9
46.2
251.9
58.6
46.1
257.7
65.1
45.5
272.4
72.5
46.9
281.6
72.7
48.4
290.8
73.2
47.0
295.7
82.2
48.0
300.9
81.2
46.8
302.0
80.3
44.9
308.0
91.5
45.9
320.3
96.3
44.5
328.1
91.3
43.2
331.7
90.0
47.3
338.5
11
12
13
14
15
16
89.2
103.2
53.9
49.3
38.4
98.4
115.3
62.1
53.2
44.9
107.0
129.1
71.0
58.1
47.8
121.0
146.1
82.7
63.4
47.3
93.2
108.4
57.3
51.1
37.3
95.0
111.6
59.5
52.1
42.4
95.5
114.2
60.9
53.3
44.5
98.8
116.0
63.4
52.7
46.2
104.4
119.4
64.6
54.8
46.6
105.5
123.5
67.1
56.4
49.3
104.7
127.0
70.3
56.7
46.1
108.4
130.7
72.1
58.6
47.9
109.3
135.2
74.4
60.8
47.9
113.6
140.8
78.1
62.8
47.6
118.6
143.4
80.7
62.7
46.5
126.3
149.6
84.5
65.1
46.1
125.8
150.5
87.5
63.0
48.9
122.4
156.9
91.2
65.7
54.4
122.5
161.2
93.0
68.2
68.7
364.1
403.1
448.7
513.2
380.7
394.9
396.5
404.9
416.1
432.4
440.5
448.0
473.8
475.5
497.6
533.8
546.0
563.9
578.6
14.8
74.5
18.9
37.0
54.5
148.1
16.3
18.1
81.8
21.0
41.3
64.4
160.0
16.5
16.3
85.7
22.0
46.3
72.2
189.1
17.1
14.6
96.7
25.6
51.6
82.6
223.5
18.7
13.5
77.3
19.1
38.7
59.2
156.2
16.7
18.0
79.7
19.4
39.6
63.4
158.2
16.6
17.8
83.7
20.9
40.9
63.4
153.4
16.4
19.8
81.6
22.2
40.8
64.9
159.1
16.5
16.8
82.1
21.4
43.7
65.9
169.5
16.7
17.1
83.6
21.5
44.5
67.4
181.5
16.8
15.9
85.1
21.9
46.5
70.1
184.0
17.0
16.1
85.9
22.6
47.2
72.9
186.4
16.9
15.9
88.2
22.2
47.2
78.4
204.3
17.6
17.1
87.3
23.2
48.3
76.0
206.0
17.7
14.6
92.6
24.0
50.6
79.5
218.1
18.3
13.9
101.0
26.1
52.3
87.8
233.6
19.1
12.8
106.0
29.0
55.2
87.3
236.2
19.5
14.8
107.4
28.8
59.7
89.1
243.4
20.8
13.1
110.7
30.3
62.7
92.3
248.0
21.5
17
18
19
20
21
22
23
24
25
26
1,797.8
2,025.1
2,238.1
2,370.2
1,911.2
1,937.5
1,986.0
2,039.6
2,137.4
2,184.9
2,240.0
2,285.2
2,242.2
2,289.4
2,337.5
2,397.5
2,456.5
2,526.5
2,644.8
1,499.5
1,705.3
1,882.7
1,985.2
1,598.4
1,626.5
1,669.0
1,717.5
1,808.2
1,838.7
1,887.2
1,929.8
1,875.1
1,917.4
1,957.1
2,005.4
2,060.9
2,118.0
2,229.8
62.1
68.1
74.9
81.7
64.4
65.1
67.5
68.9
70.9
73.3
73.3
75.6
77.6
79.4
80.4
83.2
83.7
85.4
89.8
294.4
157.2
137.1
331.0
444.5
245.4
133.8
111.5
216.6
359.7
252.8
135.5
117.3
214.2
363.3
255.2
135.2
120.0
230.1
381.3
257.5
128.1
129.4
266.7
381.6
293.5
140.1
153.4
296.4
391.2
285.3
154.1
131.2
293.2
403.9
288.1
161.2
126.9
313.7
415.4
300.0
170.1
129.9
333.2
426.3
287.0
161.8
125.2
269.7
427.5
284.8
155.8
129.0
283.2
435.5
299.9
160.7
139.3
312.5
439.7
300.4
159.8
140.6
332.1
449.7
292.3
152.6
139.7
396.1
453.1
297.5
153.4
144.0
448.7
454.4
326.7
165.2
161.5
489.0
472.6
27
28
29
30
31
225.1
119.2
105.9
180.5
343.6
264.8
134.7
130.0
251.9
379.3
290.1
161.8
128.3
302.4
418.3
32
33
34
24.3
88.6
230.6
25.8
93.3
260.3
28.4
101.3
288.5
34.4
105.2
304.9
27.7
92.2
239.8
25.7
91.4
246.2
28.1
92.6
260.6
24.1
94.0
263.5
25.2
95.3
270.7
28.3
98.1
277.5
27.6
100.9
286.9
27.2
104.1
295.0
30.4
102.3
294.7
33.0
107.6
294.9
34.5
103.8
301.3
35.0
103.7
311.0
35.1
105.5
312.5
37.0
104.2
313.1
37.3
110.9
324.4
35
36
37
38
39
40
41
42
43
44
45
46
47
228.2
377.1
201.7
175.4
82.9
239.4
411.5
224.0
187.5
90.3
256.6
446.1
243.9
202.3
94.2
258.9
478.5
263.8
214.8
96.2
231.8
393.2
214.2
179.0
87.3
231.7
408.9
220.5
188.4
90.5
234.5
413.2
221.2
191.9
87.3
240.2
409.0
226.5
182.6
93.6
251.4
415.0
227.9
187.2
89.8
257.8
428.5
234.8
193.7
96.7
258.0
438.9
237.9
200.9
99.8
251.7
452.1
247.0
205.1
90.9
258.9
465.1
255.7
209.5
89.3
256.8
479.3
260.2
219.1
98.4
254.0
475.9
259.4
216.5
94.6
264.9
474.7
265.0
209.7
100.4
260.0
484.3
270.6
213.8
91.4
257.3
481.4
261.4
220.0
93.4
250.0
495.4
279.5
215.9
106.3
298.3
319.8
355.4
385.1
312.8
311.0
317.0
322.1
329.2
346.3
352.8
355.4
367.2
372.0
380.5
392.1
395.6
408.5
414.9
29.3
65.8
24.7
54.2
23.3
91.3
9.8
30.1
69.0
26.1
61.9
24.6
97.8
10.2
31.0
72.1
27.5
65.3
23.8
125.2
10.5
32.8
76.2
28.5
67.1
25.0
144.4
11.1
29.5
67.3
25.0
57.9
24.9
98.1
10.1
30.2
68.8
25.0
61.6
23.4
91.8
10.3
29.9
70.0
25.7
61.0
24.6
95.7
10.1
30.2
68.6
27.0
60.6
26.1
99.3
10.3
30.0
68.5
26.9
64.6
24.4
104.5
10.3
30.9
70.5
27.0
63.5
24.9
119.1
10.3
30.9
71.8
27.7
65.5
23.0
123.3
10.5
31.9
72.1
27.6
66.5
22.0
124.7
10.6
30.4
74.0
27.7
65.6
25.1
133.8
10.6
31.7
74.2
26.9
64.1
26.6
137.8
10.9
32.3
75.4
27.9
67.1
25.0
141.7
11.0
32.5
77.0
29.7
68.5
24.6
148.6
11.2
34.8
78.1
29.5
68.6
24.0
149.4
11.3
35.1
81.3
32.2
71.5
24.8
152.1
11.4
35.2
81.5
32.0
73.1
25.4
156.2
11.5
Addenda:
Exports of durable goods................
Exports of nondurable goods..........
Exports of agricultural goods 2........
Exports of nonagricultural goods.....
Imports of durable goods.................
Imports of nondurable goods...........
Imports of nonpetroleum goods......
807.6 826.4 829.2 860.9
747.3 752.8 768.1
48 563.8 628.5 718.2 788.7 581.2 597.5 622.0 630.9 663.4 692.3 710.0 723.1
49 254.5 279.9 313.9 360.5 266.8 274.3 286.5 278.8 280.1
298.6 312.3 321.5 323.4 332.2 348.7 373.6 387.3 427.7 468.0
128.2
79.7
102.8
64.9
66.0
64.2
66.2
70.0
74.0
75.1
86.1
99.8
117.8
50
62.9
72.9
92.1
64.0
63.1
72.3
51
755.4 843.5 959.2 1,057.1
784.0 808.7 842.6 845.4 877.2 920.9 950.0 970.5 995.5 1,005.3 1,030.7 1,081.3 1,110.9 1,139.1 1,200.7
52 934.1 1,022.7 1,127.6 1,172.5 983.2 996.3 1,015.9 1,023.1 1,055.5 1,098.9 1,122.4 1,140.6 1,148.5 1,157.4 1,161.1 1,189.5 1,181.9 1,173.2 1,220.4
812.7 615.2 630.2 653.1
694.4 752.7 739.7 764.8 789.2 726.6 759.9 796.0 815.8 878.9 944.8 1,009.4
53 565.4 682.6 755.1
54 1,319.0 1,453.4 1,580.2 1,654.2 1,381.8 1,412.3 1,438.9 1,450.7 1,511.8 1,545.5 1,573.5 1,596.6 1,605.4 1,634.2 1,644.5 1,673.3 1,664.7 1,669.3 1,740.8
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 are reclassified from goods to services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods.
108
Foreign Transactions
August 2008
Table 4.2.6. Real Exports and Imports of Goods and Services by Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
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 2....
Other....................................................
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........................................................
Residual........................................................
Imports of goods and services........
Imports of goods 1.....................................
Foods, feeds, and beverages...................
Industrial supplies and materials, except
petroleum and products.......................
Durable goods......
Nondurable goods
Petroleum and products............................
Capital goods, except automotive............
Civilian aircraft, engines, and parts.....
Computers, peripherals, and parts 2....
Other....................................................
Automotive vehicles, engines, and parts
Consumer goods, except automotive......
Durable goods
Nondurable
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 durable goods...........
Exports of nondurable goods.....
Exports of agricultural goods 3...,
Exports of nonagricultural goods.
Imports of durable goods............
Imports of nondurable goods......
Imports of nonpetroleum goods...
1
2
3
4
5
6
7
8
q
10
11
12
13
14
15
16
1,126.1
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
1,205.3 1,314.8 1,425.9 1,155.3
2006
2005
I
II
1,177.9 1,203.1
III
IV
1
1,204.3 1,235.7 1,284.3
2007
II
III
IV
I
II
2008
III
1,363.2 1,392.2 1,466.2
IV
I
II
1,482.1
1,500.6
1,534.1
1,301.4
1,312.6
1,361.1
784.4
844.7
928.7
998.7
804.0
817.9
846.0
844.2
870.8
907.8
922.5
930.7
953.9
958.9
974.9 1,024.1
46.0
175.2
60.3
115.1
339.9
43.0
48.6
180.0
65.0
115.1
371.8
50.1
52.5
193.4
71.2
122.3
421.4
59.6
57.1
204.1
75.2
129.0
455.3
66.3
50.0
177.8
60.8
117.1
345.8
43.9
48.3
179.5
61.5
118.1
352.2
45.4
49.5
184.2
63.6
120.7
370.9
53.7
47.3
179.7
66.3
113.5
370.8
48.3
49.3
176.6
68.5
108.3
393.3
53.2
51.1
187.9
69.9
118.1
410.1
58.2
52.8
193.8
70.4
123.5
419.0
57.7
53.8
192.8
70.4
122.4
421.3
57.9
52.2
199.3
74.0
125.3
435.1
64.4
53.2
196.7
72.5
124.3
435.3
62.5
55.5
200.1
73.2
127.1
441.1
61.5
60.8
207.8
76.5
131.4
466.7
69.3
58.9
211.6
78.5
133.1
478.0
72.1
60.9
217.2
77.5
139.8
473.7
67.3
61.6
224.8
83.1
141.9
481.4
66.0
249.1
87.2
102.6
53.6
49.0
36.0
266.0
95.1
113.3
61.1
52.2
40.4
299.8
102.1
125.2
69.2
56.1
41.4
323.4
114.2
138.8
79.8
59.1
39.2
252.1
90.6
107.3
56.7
50.6
34.5
254.9
92.1
109.8
58.7
51.1
38.6
260.5
92.4
112.2
59.9
52.3
40.2
266.4
95.4
114.1
62.3
51.8
41.5
282.4
100.4
117.2
63.5
53.7
41.5
291.5
101.3
120.8
65.9
54.9
43.5
299.1
100.0
123.5
68.7
54.8
40.1
302.3
103.2
126.1
69.9
56.3
41.0
306.3
103.9
130.5
72.3
58.3
41.0
308.6
107.5
135.0
75.7
59.4
40.2
316.3
112.0
136.5
77.9
58.7
38.7
330.0
119.1
141.9
81.5
60.4
38.0
338.7
118.2
142.0
84.2
58.0
39.7
341.0
114.7
147.0
87.1
60.1
43.0
345.8
114.2
149.8
88.5
61.5
52.6
341.4
360.4
386.3
426.9
351.0
359.6
357.1
359.9
365.0
376.7
379.2
382.2
407.0
404.2
417.0
441.8
444.7
451.7
455.6
14.7
71.2
14.8
33.8
50.0
142.8
14.6
-4.2
17.4
75.1
15.2
33.1
57.0
149.2
14.1
-6.0
15.1
75.5
15.9
34.9
61.9
169.9
14.0
-8.5
13.3
82.2
17.1
37.4
69.0
194.6
14.7
-9.8
13.2
72.7
14.4
33.9
53.7
148.9
14.7
-3.7
17.4
74.5
14.0
34.4
57.0
148.9
14.2
-4.5
17.2
77.8
15.1
33.7
56.5
143.2
14.1
-3.9
19.0
74.3
15.7
32.1
57.1
148.2
14.2
-6.9
16.0
73.7
16.0
32.3
57.5
156.4
13.8
-9.3
16.1
74.5
16.0
33.6
58.4
165.2
13.9
-8.0
14.9
74.7
15.9
34.6
60.2
165.8
13.9
-6.4
14.9
74.8
16.0
34.9
62.2
166.2
14.0
-9.0
14.7
77.8
15.8
36.4
66.8
182.5
14.3
-8.2
15.7
76.0
16.3
36.9
64.2
181.8
14.5
-10.0
13.4
79.2
16.3
37.3
66.5
191.1
14.7
-10.4
12.6
85.3
17.4
37.4
73.1
202.8
14.8
-9.6
11.5
88.2
18.5
38.2
72.1
202.7
14.9
-9.2
13.2
88.1
18.0
38.9
72.9
207.6
14.6
-8.0
11.6
89.6
18.8
37.6
75.0
210.5
14.4
-9.6
1,037.0 1,048.6 1,078.4
1,719.9 1,821.9 1,930.5 1,972.4 1,787.7 1,801.7 1,804.4 1,807.9 1,873.6 1,920.2 1,920.9 1,935.7 1,945.3 1,981.8 1,963.4 1,978.0 1,966.5 1,962.6 1,929.2
1,457.0 1,556.4 1,649.0 1,677.7 1,518.1
1,536.7 1,539.5 1,543.8 1,605.5
1,640.6 1,642.8 1,658.0 1,654.5 1,688.3
1,671.2 1,681.1
1,670.2
1,662.0 1,635.2
57.7
59.8
63.4
64.2
58.3
57.9
59.1
60.8
61.4
62.8
62.9
63.7
64.4
64.4
64.1
64.8
63.5
62.7
63.1
201.6
106.7
95.1
137.8
376.5
22.3
215.2
114.4
101.0
140.9
418.4
22.9
224.4
125.5
99.4
138.2
465.2
24.3
215.8
113.3
103.1
135.4
492.6
28.0
212.0
116.2
96.0
145.8
396.1
25.1
213.5
114.7
99.2
147.6
398.4
23.0
212.5
114.1
98.6
136.4
418.0
25.1
211.6
110.1
101.5
132.3
422.1
21.3
223.1
118.8
104.5
147.3
435.3
22.1
223.3
126.9
97.3
146.2
449.6
24.5
224.9
125.3
100.2
135.1
462.6
23.7
230.0
128.2
102.2
137.6
473.8
23.1
219.5
121.7
98.0
133.8
474.8
25.7
214.3
116.4
98.3
143.1
484.2
27.4
218.4
114.9
104.1
134.4
489.9
28.5
221.4
113.3
108.9
129.6
497.3
28.1
209.2
108.8
101.1
134.6
499.2
27.9
199.5
105.8
94.3
140.2
500.6
29.0
200.3
102.8
98.1
123.3
515.0
28.8
236.6
222.6
382.7
209.5
173.6
79.7
262.4
231.2
414.0
232.3
182.4
83.9
287.6
246.8
447.1
251.3
196.6
85.4
298.0
246.5
473.2
269.0
205.2
85.1
245.1
224.4
398.7
222.3
177.0
82.9
248.8
224.1
411.0
227.9
183.6
85.0
262.0
226.6
415.2
229.0
186.7
81.5
265.7
231.7
411.8
235.5
177.3
87.0
273.3
242.3
418.1
236.9
182.0
82.1
278.9
249.1
430.9
243.6
188.2
88.4
286.8
248.6
441.3
246.0
195.9
91.0
292.8
241.6
452.3
253.9
199.2
82.2
291.9
248.1
464.0
261.8
203.1
80.2
290.5
245.8
476.0
266.3
210.5
87.9
296.0
242.8
472.3
265.4
207.7
83.9
303.0
252.5
468.6
269.9
199.9
88.7
302.7
245.2
475.9
274.2
202.9
79.8
301.0
240.2
467.9
263.2
205.6
79.8
306.6
232.2
475.2
276.8
199.8
89.2
263.9
267.6
283.7
296.4
270.8
266.9
266.9
266.2
270.6
281.9
280.5
280.3
292.4
295.4
293.9
298.4
297.8
301.8
295.2
21.3
56.3
21.4
46.0
21.4
89.3
8.8
-8.2
19.9
55.3
21.8
48.5
21.8
93.0
8.7
-17.8
19.3
55.6
21.7
51.0
20.4
110.2
8.6
-38.4
18.5
54.7
21.1
53.3
20.9
123.9
8.7
-56.1
20.1
55.9
21.3
47.7
22.5
96.1
8.8
-8.9
19.7
56.6
21.0
50.5
21.0
89.9
8.9
-9.9
20.2
55.4
21.5
48.6
21.9
91.9
8.6
-18.7
19.9
53.8
22.5
46.4
23.0
93.5
8.6
-25.3
19.9
55.3
22.1
48.3
21.3
96.7
8.6
-16.8
20.1
56.9
21.8
48.5
21.6
106.9
8.6
-24.7
19.1
55.0
21.9
50.1
19.8
109.0
8.5
-40.2
19.4
53.7
21.7
52.3
18.8
108.6
8.5
-41.5
18.5
56.7
21.3
53.3
21.4
116.3
8.7
-47.4
19.0
56.8
20.4
52.2
22.5
119.7
8.9
-49.2
18.5
53.6
21.0
53.7
21.0
122.0
8.6
-54.7
18.2
53.3
21.8
54.2
20.5
127.0
8.7
-62.2
18.2
54.8
21.3
53.2
19.8
126.7
8.7
-58.8
17.6
56.0
22.9
53.7
20.3
127.9
8.7
-51.0
16.5
54.1
20.9
51.2
20.6
129.8
8.5
-91.3
50 558.6 612.6 683.0 741.2 570.8 583.2 606.1 615.4 645.7 667.8 676.4 683.5 704.3 708.9 720.9 759.6 775.5 771.2 793.3
51 227.1 234.9 250.2 263.6 234.3 236.0 241.6 231.9 230.0 244.3 250.2 251.5 254.7 255.2 259.3 270.6 269.2 281.6 289.6
52
53.6
62.2
53.4
53.9
54.4
58.6
50.9
58.1
55.0
52.5
57.5
59.1
57.2
57.3
60.8
67.0
65.4
66.3
63.6
53 734.8 792.8 872.5 938.6 749.8 765.8 793.6 793.4 818.2 852.0 865.1 873.8 899.1 904.0 916.0 958.3 976.2 985.5 1,015.1
54 954.4 1,035.8 1,127.8 1,152.7 999.7 1,006.4 1,025.7 1,039.4 1,071.8 1,111.9 1,124.9 1,134.4 1,140.0 1,147.6 1,144.6 1,165.8 1,153.0 1,134.3 1,152.6
55 505.2 526.3 535.4 541.0 521.6 532.6 519.6 512.9 540.0 540.0 532.5 538.0 531.0 553.2 541.4 534.8 534.6 539.9 510.6
56 1,319.9 1,419.5 1,525.4 1,563.4 1,371.2 1,388.4 1,409.0 1,421.4 1,459.3 1,499.4 1,525.1 1,536.5 1,540.6 1,559.4 1,558.5 1,580.5 1,555.0 1,529.7 1,552.4
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.
2. The quantity index for computers can be used to accurately measure the real growth of this component. However, because computers 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 4.2.2. and real growth rates are shown in table 4.2.1.
3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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. For exports and for imports, the residual line is the difference between the aggregate line and the sum of the most detailed lines.
August 2008
Survey of Current Business
109
Table 4.3B. Relation of Foreign Transactions in the National Income and Product Accounts to the Corresponding Items
in the International Transactions Accounts
[Billions of dollars]
Line
Exports of goods, ITAs.................................................................................................................................................
Less: Gold, ITAs 1.................................................................................................................................................
Statistical differences2.............................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico 3.......................................................................................
Equals: Exports of goods, NIPAs..............................................................................................................................
Exports of services, ITAs............................................................................................................................................
Less: Statistical differences2................................................................................................................................
Other items 4............................................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico 3.......................................................................................
Services furnished without payment by financial intermediaries except life insurance carriers.............
Equals: Exports of services, NIPAs..........................................................................................................................
Income receipts, ITAs...................................................................................................................................................
Less: Statistical differences 2................................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico 3.......................................................................................
Imputed interest received from the rest of the world................................................................................
Adjustment tor grossing of parent/affiliate transactions 5 .......................................................................
Equals: Income receipts, NIPAs................................................................................................................................
Imports of goods, ITAs.................................................................................................................................................
Less: Gold, ITAs 1.................................................................................................................................................
Statistical differences 2.............................................................................................................................
Plus: Gold, NIPAs 1...............................................................................................................................................
Adjustment for U.S. territories and Puerto Rico 3....................................................................................
Equals: Imports of goods, NIPAs............................................................................................................................
Imports of services, ITAs............................................................................................................................................
Less: Statistical differences 2...............................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico 3.......................................................................................
Equals: Imports of services, NIPAs...........................................................................................................................
Income payments, ITAs...............................................................................................................................................
Less: Statistical differences2................................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico 3.......................................................................................
Imputed interest paid to the rest of the world...........................................................................................
Adjustment for grossing of parent/affiliate transactions 5 .......................................................................
Equals: Income payments, NIPAs.............................................................................................................................
Balance on goods and services and income, ITAs (1+6+12-18-24-28)..........................................................
Less: Gold (2-19+21)....................................
Statistical differences (3+7+13-20-25-29).............................................................................................
Other items (8)..................................
Plus: Adjustment for U.S. territories and Puerto Rico (4+9+14-22-26-30).......................................................
Equals: Net exports of goods and services and net receipts of income, NIPAs (5 +11+17-23-27-33)....
Unilateral current transfers, net, ITAs......................................................................................................................
Less: Statistical differences 2...............................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico 3.......................................................................................
Equals: Current taxes and transfer payments to the rest of the world, net, NIPAs......................................
Balance on current account, ITAs (34 -40 )...............................................................................................................
Less: Gold (35).....................................................................................................................................................
Statistical differences (36-41).................................................................................................................
Other items (37)........................................................
Plus: Adjustment for U.S. territories and Puerto Rico (38-42).............................................................................
Equals: Balance on current account, NIPAs (3 9 -4 3 ).......
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
2004
2005
2007
2006
807.5
894.6
1,023.1
1,148.5
4.4
0.0
15.3
5.5
0.0
19.3
8.8
0.0
17.8
13.3
0.0
14.0
818.3
908.4
1,032.1
1,149.2
349.7
389.1
433.9
497.2
0.0
1.0
5.0
10.3
0.0
1.4
5.1
10.4
0.0
1.2
5.1
10.9
0.0
1.5
5.2
12.2
364.1
403.1
448.7
513.2
401.9
535.3
685.2
817.8
0.0
31.9
-1.4
5.1
0.0
33.4
-1.8
6.6
0.0
34.3
-2.6
8.5
0.0
35.2
-2.1
10.9
437.5
573.5
725.4
861.7
1,477.1
1,681.8
1,861.4
1,967.9
4.1
0.0
-3.3
29.8
4.4
0.0
-3.5
31.4
5.6
0.0
-4.4
31.3
8.8
0.0
-5.2
31.3
1,499.5
1,705.3
1,882.7
1,985.2
292.2
313.5
348.9
378.1
0.0
6.0
0.0
6.3
0.0
6.5
0.0
6.9
298.3
319.8
355.4
385.1
345.6
462.9
628.0
736.0
0.0
1.7
9.0
5.1
0.0
2.4
8.6
6.6
0.0
2.4
8.3
8.5
0.0
2.3
10.1
10.9
361.3
480.5
647.1
759.3
-555.7
-639.2
-696.1
-618.5
-2.9
0.0
1.0
14.6
-2.4
0.0
1.4
17.7
-1.2
0.0
1.2
17.0
-0.7
0.0
1.5
13.9
-539.2
-620.6
-679.1
-605.4
84.4
89.8
92.0
112.7
0.0
0.5
0.0
0.5
0.0
0.5
0.0
0.5
84.9
90.3
92.5
113.2
-640.2
-729.0
-788.1
-731.2
-2.9
0.0
1.0
14.1
-2.4
0.0
1.4
17.2
-1.2
0.0
1.2
16.5
-0.7
0.0
1.5
13.4
-624.1
-710.9
-771.6
-718.6
1. Exports and imports of gold in the NIPAs differ from those in the ITAs. ITA gold exports (line 2) and imports (line 19) are excluded from the NIPAs; imports of gold in the NIPAs (line 21) is the excess
of the value of gold in gross domestic purchases over the value of U.S. production of gold.
2. Consists of statistical revisions to the ITAs that have not yet been incorporated into the NIPAs and statistical revisions to the NIPAs that have not yet been incorporated into the ITAs.
3. Consists of transactions between the United States and its territories, Puerto Rico, and the Northern Mariana Islands. The treatment of U.S. territories, Puerto Rico, and the Northern Mariana
Islands in the NIPAs differs from that in the ITAs. In the NIPAs, they are included in the rest of the world; in the ITAs, they are treated as part of the United States. The adjustment to unilateral current
transfers, net (line 42) consists only of transfer payments from persons, because transfer payments, subsidies, and grants-in-aid from the federal government to residents of U.S. territories, Puerto Rico,
and the Northern Mariana Islands are excluded from NIPA transfer payments to the rest of the world.
4. Beginning with 1988, the ITAs classify certain military grants as services that the NIPAs do not. In the NIPAs, these transactions are excluded from exports and included in transfer payments from
government.
5. In the ITAs, income transactions between parents and affiliates are recorded on a net basis. In ITA exports, U.S. parents’ receipts from foreign affiliates for interest are net of such payments by U.S.
parents to foreign affiliates. In ITA imports, U.S. affiliates' payments to foreign parents for interest are net of such receipts by U.S. affiliates from foreign parents. In the NIFfts, these transactions are
recorded on a gross basis. The amount of the adjustment is identical in income payments and in income receipts and, thus, does not affect NIPA net income receipts or balance on current account.
ITAs International transactions accounts
August 2008
110
5.
S a v in g a n d
In v e s tm e n t
Table 5.1. Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Gross saving.......................................
Net saving...................................................
Net private saving.....................................
Personal saving....................................
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments................
Undistributed profits........................
Inventory valuation adjustment........
Capital consumption adjustment.....
Wage accruals less disbursements.....
Net government saving............................
Federal.................................................
State and local......................................
Consumption of fixed capital...................
Private......................................................
Domestic business...............................
Households and institutions................
Government..............................................
Federal.................................................
State and local......................................
Gross domestic investment, capital
account transactions, and net
lending, NIPAs................................
Gross domestic investment.........................
Gross private domestic investment..........
Gross government investment.................
Capital account transactions (net)1............
Net lending or net borrowing (-), NIPAs......
Statistical discrepancy.....................
Addenda:
Gross private saving.................................
Gross government saving........................
Federal.................................................
State and local......................................
Net domestic investment.........................
Gross saving as a percentage of gross
national income..................................
Net saving as a percentage of gross
national income..................................
1 1,618.1
2
3
4
I
II
2006
III
IV
I
II
2007
III
IV
I
2008
III
II
1,844.2 2,038.5 1,956.0 1,651.7 1,780.3 1,807.5 1,873.4 1,915.5 2,034.2 2,022.8 2,005.9 2,090.9 1,974.4
1,987.3
IV
I
II
1,958.9 1,903.6 1,793.4
182.0
232.2
414.5
235.6
209.7
313.1
313.4
-33.6
335.7
451.6
410.3
367.6
428.7
290.2
280.3
226.9
145.0
15.5
551.1
181.7
494.4
32.5
569.5
70.7
454.5
57.4
516.9
224.2
550.5
72.5
544.6
45.8
311.9
-62.9
570.4
74.4
601.9
94.4
572.1
54.2
553.8
48.1
550.1
86.1
492.1
109.3
455.9
31.1
466.5
46.8
403.6
42.4
393.2
35.1
284.9
374.8 476.0 527.5 518.0 505.6 439.0 407.8 424.8 419.7 361.2 358.1
568.4 670.6 707.1 736.4 721.7 645.6 629.0 667.1 648.5 644.5 515.5
-39.1 -48.7 -35.0 -58.5 -42.7 -21.8 -44.2 -55.3 -31.0 -74.1 -109.4
-154.5 -146.0 -144.5 -160.0 -173.4 -184.8 -176.9 -187.0 -197.8 -209.2 -48.0
0.0
0.0
0.0
0.0
20.0 -20.0
0.0
25.0 -25.0
0.0
0.0
-345.4 -234.7 -150.4 -161.8 -186.2 -121.4 -202.0 -175.7 -239.5 -258.6 -377.8
-364.7 -253.8 -207.9 -225.0 -218.4 -153.2 -225.2 -211.4 -244.3 -236.3 -325.4
57.5
32.2
4.7 -22.3 -52.4
19.3
19.1
63.1
31.8
23.2
35.8
-63.2
0.0
5 384.4 456.9 497.5 403.4 302.6 478.0 498.8
6 357.8 629.5 702.7 647.3 299.3 640.6 638.5
7 -43.1 -37.8 -39.5 -51.2 -47.2 -45.4 -18.0
69.7 -134.8 -165.7 -192.7
50.5 -117.2 -121.7
8
5.0
1.3
-6.3 -10.0
0.0
0.0
9 -15.0
10 -369.1 -262.2 -155.0 -218.9 -307.1 -237.5 -231.2
11 -370.6 -291.7 -201.1 -229.3 -335.4 -278.7 -269.5
41.2
46.2
10.4
28.3
38.3
12
1.5
29.5
13 1,436.1 1,612.0 1,623.9 1,720.5 1,442.0 1,467.2 1,494.1
14 1,206.0 1,359.7 1,356.0 1,431.1 1,203.8 1,225.3 1,248.0
15 970.2 1,062.3 1,085.5 1,147.0 971.3 987.3 1,004.2
16 235.8 297.4 270.5 284.1 232.5 238.0 243.8
17 230.2 252.3 268.0 289.4 238.2 241.9 246.1
97.3
98.2
94.0
99.1
105.6 111.8
96.1
18
144.6 147.9
19 136.1 153.2 162.3 177.6 142.1
1,907.0 1,579.8 1,582.7 1,612.5 1,638.3 1,662.2 1,684.3 1,707.0 1,731.9 1,758.6 1,778.0 1,804.2
1,641.1 1,324.4 1,323.1 1,346.8 1,367.8 1,386.2 1,402.1 1,420.0 1,440.1 1,462.3 1,477.5 1,498.8
1,201.9 1,055.6 1,059.8 1,077.8 1,094.5 1,109.7 1,123.6 1,138.5 1,154.4 1,171.4 1,186.1 1,206.3
439.2 268.7 263.3 268.9 273.3 276.5 278.4 281.5 285.7 290.9 291.4 292.5
265.9 255.4 259.5 265.8 270.5 275.9 282.2 287.0 291.8 296.3 300.5 305.4
99.8 101.0 103.0 105.0 106.7 107.8 109.8 111.0 112.5 113.9 115.0 116.9
166.0 154.4 156.5 160.8 163.9 168.1
172.5 176.0 179.3 182.4 185.5 188.5
20 1,637.3 1,773.0 1,875.5 1,874.6 1,639.5 1,744.7 1,744.1 1,828.1 1,775.1 1,879.6 1,891.2 1,835.1 1,896.0 1,786.0 1,843.9 1,951.1 1,917.4 1,837.0
21 2,261.4 2,483.9 2,647.0 2,593.2 2,361.2 2,427.9 2,433.2 2,487.0 2,587.5 2,648.4 2,680.1 2,660.6 2,599.1 2,563.6 2,607.6 2,633.1 2,568.4 2,530.0 2,469.4
22 1,888.6 2,086.1 2,220.4 2,130.4 1,979.5 2,046.0 2,039.7 2,084.2 2,174.6 2,236.7 2,253.7 2,231.7 2,159.5 2,117.8 2,147.2 2,164.0 2,092.3 2,056.1 1,979.9
23 372.8 397.8 426.7 462.8 381.6 381.9 393.5 402.9 412.9 411.7 426.3 428.9 439.6 445.8 460.4 469.1 476.1 473.9 489.6
0.4
2.4
10.4
6.9
4.0
2.1
2.2
2.5
2.3
2.4
24
4.0
3.9
1.8
2.0
2.0
1.9
1.9
2.5
25 -626.5 -714.9 -775.5 -720.4 -723.6 -693.5 -691.1 -660.8 -814.2 -775.6 -793.0 -827.7 -705.6 -779.8 -764.2 -684.5 -653.3 -695.4
-7 .8
19.1
-71.2 -163.0
-81 .4
-12.2
-35 .6
-63.3
-45.3 -140.5 -154.6 -131.7 -170.8 -194.9 -188.4 -143.4
13.9
43.6
26
27 1,757.0 1,854.1 1,925.5 1,885.6 1,720.7 1,775.8 1,792.6 1,953.0 1,894.8 1,925.1 1,918.9 1,921.6 1,936.4 1,894.2 1,875.9 1,906.6 1,865.9 1,870.7
84.4 154.5
37.7 -77.3
4.4
80.2 111.4
52.3
-9.9 113.0
70.4 -68.9
14.8 -79.6
20.8 109.1 103.9
28 -138.9
29 -276.6 -192.6 -95.5 -117.5 -239.3 -181.4 -171.3 -264.9 -152.8 -104.9 -120.0 -111.7 -45.4 -115.4 -100.4 -131.8 -122.4 -210.4
199.9 195.6 211.8 184.0 160.1
133.1
30 137.7 182.7 208.5 187.9 170.4 185.8 186.1 185.3 173.5 214.1 224.0 196.1
31 825.3 871.9 1,023.1 872.7 919.2 960.7 939.1 580.1 1,007.6 1,065.7 1,067.5 1,022.3 936.9 879.3 900.6 901.2 809.8 752.0
32
13.8
14.7
15.2
14.0
13.7
14.5
14.5
14.8
14.8
15.4
15.2
14.9
15.3
14.3
14.3
13.9
13.4
12.6
33
1.5
1.8
3.1
1.7
1.7
2.5
2.5
-0 .3
2.6
3.4
3.1
2.7
3.1
2.1
2.0
1.6
1.0
0.1
1 . C o n s is t s o f c a p it a l tr a n s f e r s a n d t h e a c q u is it io n a n d d is p o s a l o f n o n p r o d u c e d n o n f in a n c ia l a s s e ts .
2005
665.3
111
Survey of Current Business
August 2008
Table 5.2.3. Real Gross and Net Domestic Investment by Major Type,
Quantity Indexes
Table 5.2.5. Gross and Net Domestic Investment by Major Type
[Billions of dollars]
[Index numbers, 2000=100]
Line
Gross domestic investment....................
Less: Consumption of fixed capital..........
Equals: Net domestic investment.............
Gross private domestic investment....................
Less: Consumption of fixed capital.......................
Equals: Net private domestic investment.............
Fixed investment................................................
Less: Consumption of fixed capital..................
Equals: Net fixed investment............................
Nonresidential................................................
Less: Consumption of fixed capital..............
Equals: Net nonresidential...........................
Structures...................................................
Less: Consumption of fixed capital..........
Equals: Net structures..............................
Equipment and softw are.........................
Less: Consumption of fixed capital..........
Equals: Net equipment and software.......
Residential.......................................................
Less: Consumption of fixed capital..............
Equals: Net residential.........
Change in private inventories
Gross government investm ent1
Less: Consumption of fixed capital
Equals: Net government investment....................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
?fi
2004
2006
2007
103.741
108.884
111.150
106.706
116.569
85.846
125.719
85.410
121.791
96.359
126.321
79.237
102.003
107.953
110.200
104.278
117.771
81.021
127.829
81.504
122.731
93.525
127.463
73.426
102.012
108.984
111.109
107.717
117.771
79.320
127.829
81.849
122.731
94.374
127.463
79.284
92.873
99.520
106.987
112.244
117.188
43.179
122.785
51.972
124.168
71.873
129.382
77.218
78.760
79.747
86.318
97.264
112.124
40.227
117.747
35.859
111.849
56.831
114.261
77.633
98.505
107.695
115.467
117.412
118.625
47.363
124.197
65.752
128.289
82.878
134.590
73.751
125.343
133.226
123.728
101.534
119.730
128.583
148.239
124.560
117.190
127.502
120.028
90.858
State and local.................................
Structures............................................................
Less: Consumption of fixed capital..................
Equals: Net structures.......................................
State and local.................................
Equipment and softw are..................................
Less: Consumption of fixed capital..................
Equals: Net equipment and software...............
Less: Consumption of fixed capital..........
Equals: Net domestic investment............
Gross private domestic investment..................
Less: Consumption of fixed capital......................
Equals: Net private domestic investment.............
Fixed investment................................................
Less: Consumption of fixed capital..................
Equals: Net fixed investment...........................
Nonresidential................................................
Less: Consumption of fixed capital..............
Equals: Net nonresidential...........................
Structures...................................................
Less: Consumption of fixed capital..........
Equals: Net structures.............................
Equipment and software.........................
Less: Consumption of fixed capital..........
Equals: Net equipment and software.......
Residential......................................................
Less: Consumption of fixed capital..............
Equals: Net residential..................................
Change in private inventories.........................
113.642
114.282
116.662
120.192
110.576
119.259
115.279
112.456
117.032
115.984
120.585
119.472
Less: Consumption of fixed capital......................
Equals: Net government investment....................
Federal.............................................
National defense..........................
Nondefense..................................
State and local..................................
Structures............................................................
102.594
94.475
93.668
98.315
107.864
104.699
103.300
107.222
108.563
107.239
113.828
96.532
112.408
95.152
114.251
100.934
106.621
97.914
95.716
100.374
124.496
132.956
143.703
146.140
112.385
295.917
116.513
365.693
121.688
455.307
127.199
414.235
47
State and local.................................
43
66.354
69.725
87.016
90.852
Gross domestic fixed investment.....................
Less: Consumption of fixed capital..................
Equals: Net domestic fixed investment............
44
45
46
103.803
116.569
84.718
109.788
125.719
85.985
111.952
121.791
97.295
109.671
126.321
84.715
Addenda:
1. Gross government investment consists of general government and government enterprise expenditures
for fixed assets; change in inventories is included in government consumption expenditures.
Note. Chain-type quantity indexes for net investment are computed from chained (2000) dollar estimates of
net investment by scaling the chained-dollar estimates to 100 in the reference year (2000). Chained (2000)
dollar estimates of net investment appear in table 5.2.6.
Gross domestic investment....................
Gross government investm ent1 ........................
71
?R
29
30
31
32
33
34
35
36
37
38
39
40
41
2004
2005
2006
2007
1
2
3
4
2,261.4
2,483.9
2,647.0
2,593.2
1,436.1
825.3
1,612.0
871.9
1,623.9
1,023.1
1,720.5
872.7
1,888.6
2,086.1
2,220.4
2,130.4
b
1,206.0
682.6
1,359.7
726.4
1,356.0
864.4
1,431.1
699.2
1,830.0
2,042.8
2,171.1
2,134.0
1,206.0
624.0
1,359.7
683.1
1,356.0
815.1
1,431.1
702.9
1,154.5
1,273.1
1,414.1
1,503.8
971.3
183.2
1,048.1
225.0
1,094.0
320.1
1,158.2
345.6
298.2
337.6
410.4
480.3
225.0
73.2
263.6
74.1
279.4
131.0
296.7
183.5
856.3
935.5
1,003.7
1,023.5
746.2
110.0
784.6
150.9
814.5
189.1
861.5
162.1
Line
2005
Less: Consumption of fixed capital..................
Equals: Net structures......................................
Federal.............................................
National defense..........................
Nondefense..................................
State and local..................................
Equipment and software..................................
Less: Consumption of fixed capital..................
Equals: Net equipment and software...............
Federal.............................................
National defense..........................
Nondefense..................................
State and local..................................
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
675.5
769.6
757.0
630.2
234.7
440.8
311.6
458.1
262.0
495.0
272.9
357.3
58.6
43.3
49.3
-3.6
372.8
397.8
426.7
462.8
230.2
142.7
7.8
3.4
4.4
134.8
252.3
145.5
10.1
5.0
5.1
135.4
268.0
158.7
14.7
7.3
7.5
144.0
289.4
173.5
11.4
5.5
5.9
162.1
235.4
250.1
266.5
299.4
111.0
124.3
-3.5
-4.3
0.9
127.8
127.5
122.6
-5.5
-4.5
-1.0
128.2
136.2
130.3
-4.8
-4.9
0.0
135.1
150.2
149.2
-3.8
-4.2
0.4
153.0
137.4
147.7
160.2
163.5
119.1
18.3
11.3
7.7
3.6
7.0
124.8
22.9
15.6
9.6
6.1
7.2
131.8
28.4
19.5
12.1
7.4
8.9
139.2
24.3
15.2
9.7
5.5
9.1
2,202.8
1,436.1
766.7
2,440.6
1,612.0
828.6
2,597.7
1,623.9
973.8
2,596.8
1,720.5
876.4
Addenda:
Gross domestic fixed investment.....................
Less: Consumption of fixed capital..................
Equals: Net domestic fixed investment............
44
45
46
1. Gross government investment consists of general government and government enterprise expenditures
for fixed assets; change in inventories is included in government consumption expenditures.
112
Saving and Investment
August 2008
Table 5.2.6. Real Gross and Net Domestic Investment by Major Type,
Chained Dollars
[Billions of chained (2000) dollars]
Line
Gross domestic investment....................
Less: Consumption of fixed capital..........
Equals: Net domestic investment.............
Gross private domestic investm ent...................
Less: Consumption of fixed capital......................
Equals: Net private domestic investment.............
Fixed investment................................................
Less: Consumption of fixed capital..................
Equals: Net fixed investment.............................
Nonresidential................................................
Less: Consumption of fixed capital..............
Equals: Net nonresidential............................
Structures....................................................
Less: Consumption of fixed capital..........
Equals: Net structures.............................
Equipment and software.........................
Less: Consumption of fixed capital..........
Equals: Net equipment and software.......
Residential.......................................................
Less: Consumption of fixed capital..............
Equals: Net residential..................................
Change in private inventories.........................
Gross government investm ent1.........................
Less: Consumption of fixed capital......................
Equals: Net government investment....................
Federal..............................................
National defense..........................
Nondefense..................................
State and local..................................
Structures............................................................
Less: Consumption of fixed capital..................
Equals: Net structures.......................................
Federal..............................................
National defense..........................
Nondefense..................................
State and local..................................
Equipment and softw are..................................
Less: Consumption of fixed capital..................
Equals: Net equipment and software...............
Federal..............................................
National defense..........................
Nondefense..................................
State and local..................................
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
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
2004
2005
2006
2007
2,116.3
2,221.2
2,267.4
2,176.8
1,384.6
731.5
1,493.3
727.8
1,446.7
821.1
1,500.5
675.2
1,770.2
1,873.5
1,912.5
1,809.7
1,166.9
603.3
1,266.6
606.9
1,216.1
696.4
1,263.0
546.7
1,712.8
1,829.8
1,865.5
1,808.5
1,166.9
545.8
1,266.6
563.2
1,216.1
649.4
1,263.0
545.6
1,144.3
1,226.2
1,318.2
1,382.9
969.5
174.8
1,015.8
210.4
1,027.2
290.9
1,070.4
312.6
246.7
249.8
270.3
304.6
188.2
58.5
197.6
52.1
187.7
82.6
191.8
112.8
905.1
989.6
1,061.0
1,078.9
782.3
122.9
819.0
170.6
846.0
215.0
887.5
191.3
560.2
595.4
552.9
453.8
195.8
364.3
242.5
352.9
191.7
361.3
196.3
257.4
54.3
38.9
42.3
-2 .5
346.1
348.0
355.3
366.0
217.8
128.2
10.9
6.4
4.6
118.2
227.1
120.9
13.6
8.5
5.1
108.9
230.5
124.7
19.3
11.7
7.6
108.0
237.5
128.5
17.3
10.9
6.4
113.3
204.2
198.2
195.6
203.0
97.1
107.2
-3.2
-4.0
0.7
110.4
101.8
96.5
-4.9
-4.0
-1.0
101.4
100.5
95.1
-4.0
-3.9
-0.1
99.1
102.1
100.9
-3.0
-3.3
0.2
103.9
143.4
153.1
165.5
168.3
120.9
22.5
14.5
10.4
4.0
7.8
125.4
27.8
19.3
12.7
6.7
8.2
130.9
34.6
24.1
15.9
8.2
10.2
136.8
31.5
20.6
14.2
6.4
10.6
2,058.9
1,384.6
674.1
2,177.6
1,493.3
684.1
2,220.6
1,446.7
774.1
2,175.3
1,500.5
674.0
Addenda:
Gross domestic fixed investment.....................
Less: Consumption of fixed capital..................
Equals: Net domestic fixed investment............
44
45
46
1. Gross government investment consists of general government and government enterprise expenditures
for fixed assets; change in inventories is included in government consumption expenditures.
Note. Most chained (2000) dollar series are calculated as the product of the chain-type quantity index and
the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chaintype quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are
usually not additive. Chained (2000) dollar estimates of net investment are calculated by subtracting consump
tion of fixed capital from gross investment.
August 2008
Survey of Current Business
113
Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed Investment by Type
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
2005
I
II
Private fixed investment...............................
1
7.3
Nonresidential.........................................................
2
3
4
5
6
7
8
9
5.8
7.2
7.5
4.9
10.3
3.7
1.3
1.3
8.2
12.7
-0.2
7.5
2.4
4.9
-17.8
14.8
2.2
-0.8
17.3
-3.1
9.7
-4.9
6.1
10.2
8.1
11.6
7.7
8.3
14.1
23.1
9.3
19.3
-13.2
81.9
24.2
-0.7
-4.6
7.5
16.7
-6.5
34.1
-9.4
7.4
9.3
7.2
1.7
14.3
9.3
11.3
9.2
8.4
-3.1
14.8
6.1
8.1
16.0
6.9
5.8
8.4
14.5
8.7
9.1
24.7
4.1
7.9
5.7
6.7
4.1
9.6
17.9
10.0
5.4
1.4
-12.6
-5.2
11.7
40.4
11.6
-0.4
5.2
35.6
11.1
Structures............................................................
Commercial and health care........................
Manufacturing................................................
Power and communication...........................
Mining exploration, shafts, and wells............
Other structures 1..........................................
Equipment and software...................................
Information processing equipment and
software.....................................................
Computers and peripheral equipment......
Software 2.................................................
Other3 ......................................................
Industrial equipment......................................
Transportation equipment..............................
Other equipment4.........................................
Residential................................................................
Structures...
Permanent site..............................................
Single family..............................................
Multifamily.................................................
Other structures 5..........................................
Equipment............................................................
10
11
12
13
14
15
16
17
18
19
20
21
22
23
6.8
1.9
-3.1
7.3
5.3
2006
III
7.6
IV
I
2007
II
8.3
III
IV
I
II
-2.5
-4 .8
-7 .6
-3 .4
3.0
2008
III
IV
I
II
-0 .9
-6 .2
-5 .6
-2.4
5.3
2.3
6.3
6.1
3.7
15.9
6.4
5.3
-1 .0
3.4
10.3
8.7
3.4
2.4
2.3
-1.3
-9.2
1.9
15.6
19.7
14.3
2.5
11.2
18.3
20.5
8.5
8.6
14.4
-2.0
-12.3
-11.3
25.6
-15.6
-5.4
7.6
-8.3
-25.1
-1.6
4.2
8.6
7.2
-7.4
4.0
8.6
7.1
41.2
25.3
7.8
13.4
34.5
-13.3
39.2
28.5
13.4
20.4
15.3
20.8
4.7
-1.2
-22.2
10.2
5.3
12.6
14.6
19.7
28.8
-2.2
11.1
1.5
25.6
54.2
8.7
46.2
13.5
19.8
21.4
28.7
23.5
8.8
49.5
16.2
-8.4
13.2
-3.6
13.0
23.2
15.5
12.8
1.8
31,2
7.0
30.6
18.3
2.3
9.2
12.2
4.4
16.3
1.7
2.0
-2.4
0.0
6.9
3.6
1.0
-0 .6
-3.4
6.1
-8.3
4.6
16.0
10.0
-14.7
2.9
8.4
19.3
10.9
1.2
-3.2
19.4
14.2
9.5
14.1
2.7
15.5
16.5
25.4
3.3
8.6
39.2
6.3
-0.8
16.4
-16.6
5.4
16.4
27.5
2.2
28.6
-5.3
46.5
12.2
3.2
27.7
1.4
-4.8
20.9
-16.6
1.3
9.1
20.8
4.9
8.6
-8.5
4.5
-8.5
0.9
3.2
9.1
-8.4
-1.5
-10.8
-3.7
17.3
28.3
14.0
15.9
-7.2
-15.0
-20.3
11.5
13.9
14.4
7.1
29.2
-23.4
6.2
8.7
19.5
6.4
6.5
-2.8
-5.6
4.6
10.5
19.3
9.9
7.3
-14.3
-15.2
6.3
7.2
16.1
9.9
0.2
0.8
-14.0
-12.5
9.4
12.9
4.5
13.8
6.1
-48.0
-6.0
10.0
6.3
-7.1
-17.9
2.4
8.1
9.7
4.0
0.2
-3.6
-16.6
-21.4
-19.5
-16.2
-20.6
-27.0
-25.1
-15.6
10.0
6.3
-7.2
-18.1
2.3
8.3
9.8
4.1
0.1
-3.7
-16.7
-21.7
-19.7
-16.5
-11.6
-20.9
-27.3
-25.4
-16.0
11.6
12.0
7.8
7.4
7.1
6.7
10.0
5.1
-8.5
-9.5
0.7
-5.1
-25.8
-27.4
-12.8
-5.3
0.4
0.0
3.4
5.7
11.6
11.7
10.4
2.9
6.7
6.0
13.7
15.2
5.3
5.2
6.5
2.0
6.8
7.6
-0.5
-10.7
-0.5
-0.7
1.7
-9.4
-24.2
-26.3
-3.3
-1.7
-27.5
-29.6
-8.3
-10.8
-29.5
-33.7
8.8
-1.3
-26.0
-27.3
-17.1
-0.4
-15.1
-13.4
-25.5
-6.6
-25.9
-26.7
-20.1
-13.6
-39.8
-42.8
-17.7
-8.2
-40.8
-46.2
-1.1
-3.6
-26.8
-32.7
8.6
-3.6
10.4
3.8
3.2
-1.4
8.2
-3.8
5.1
-0.6
12.4
7.3
-1.2
-2.5
-6 .9
4.6
-3.3
0.2
-2 .5
-4.9
7.3
-11.5
Addenda:
Private fixed investment in structures...............
Private fixed investment in equipment and
software.........................................................
Private fixed investment in new structures 6.....
Nonresidential structures..............................
Residential structures....................................
24
7.1
4.7
-2.4
-7.1
1.6
8.1
6.2
-0.2
0.5
1.8
-6.1
-10.4
-12.0
-6.5
-0.4
-5.0
-12.5
-10.4
-1.5
2b
26
27
28
7.4
6.0
1.0
8.9
9.3
4.3
1.1
5.9
7.2
-1.4
8.4
-6.6
1.7
-6.3
12.7
-18.4
14.2
1.1
-0.5
2.0
2.2
9.2
7.3
10.1
9.2
2.8
-1.7
5.2
12.1
-0.9
-9.3
3.8
4.5
4.4
2.6
5.5
16.2
3.8
15.9
-1.7
1.7
-6.6
19.9
-19.0
1.9
-8.6
14.4
-20.7
-2.4
-12.9
2.4
-22.1
0.1
-6.8
11.2
-18.5
6.8
1.8
18.2
-9.8
3.6
-1.4
20.5
-17.4
0.9
-11.5
8.5
-27.5
-0.6
-10.1
8.5
-26.9
-3.3
-1.3
14.3
-17.5
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers' commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Saving and Investment
114
August 2008
Table 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
-2.5
-4.8
-7 .6
-3 .4
II
2008
III
IV
I
II
-0 .9
-6.2
-5.6
-2 .4
Percent change at annual rate:
Private fixed investm ent...............................
1
7.3
6.8
1.9
-3.1
7.3
5.3
7.6
5.3
2.3
8.3
3.0
Percentage points at annual rates:
Nonresidential..........................................................
Structures............................................................
Commercial and health care........................
Manufacturing................................................
Power and communication............................
Mining exploration, shafts, and wells............
Other structures 1..........................................
Equipment and software...................................
Information processing equipment and
software.....................................................
Computers and peripheral equipment......
Software 2 .................................................
Other3.......................................................
Industrial equipment......................................
Transportation equipment..............................
Other equipment4.........................................
Residential................................................................
S tructures............................................................
Permanent site..............................................
Single family..............................................
Multifamily..................................................
Other structures 5..........................................
Equipment............................................................
2
3
4
5
6
7
8
9
3.73
4.48
4.66
3.20
6.44
2.28
4.03
3.82
2.27
9.67
4.13
3.55
-0.56
2.12
6.81
5.87
2.40
1.77
1.74
0.22
0.21
1.41
2.43
-0.03
1.18
-0.23
-1.60
0.30
2.49
3.18
2.54
0.50
2.23
3.64
4.19
1.94
2.04
3.45
0.17
0.05
-0.49
0.41
0.08
-0.05
0.18
-0.07
0.33
-0.17
0.40
0.12
0.17
0.48
0.25
0.59
0.18
0.52
0.46
0.67
-0.94
0.64
0.46
-0.02
-0.16
0.48
0.18
-0.14
0.99
-0.33
-0.13
-0.15
-0.25
0.84
-0.54
-0.36
0.08
-0.17
-1.10
-0.05
0.26
0.09
0.13
-0.30
0.12
0.54
0.08
0.71
0.93
0.24
0.83
0.35
-0.31
1.50
0.80
0.88
0.24
0.31
0.95
0.16
-0.09
-0.33
0.22
0.27
0.42
1.06
0.25
0.64
-0.12
0.40
0.12
0.33
1.19
0.46
1.55
1.02
0.27
0.57
1.40
0.93
0.72
0.67
0.47
-0.49
0.58
-0.32
0.22
0.70
0.84
0.59
0.16
0.53
0.24
1.67
0.86
3.51
4.27
3.24
0.78
6.47
1.10
4.26
5.43
1.97
7.18
0.95
1.01
-1.06
-0.11
3.17
1.67
0.46
-0.27
-1.72
2.21
0.51
0.93
0.78
-0.27
1.07
0.49
1.84
0.65
0.68
0.51
0.64
1.11
0.68
1.96
0.91
0.39
0.66
0.43
0.53
0.32
2.10
0.70
0.94
0.47
0.12
-1.03
-0.41
2.66
1.55
1.11
0.00
0.39
2.56
0.86
1.40
-0.38
0.44
1.34
0.74
-1.28
0.24
1.96
0.73
1.02
0.21
-0.25
1.47
1.08
2.15
0.52
0.25
1.37
1.15
1.87
0.25
1.93
1.27
0.56
0.11
1.14
-1.49
0.40
3.63
0.97
0.20
2.46
-0.43
3.10
0.89
0.88
0.98
0.13
-0.23
1.46
-1.49
0.10
2.06
0.78
0.44
0.84
-0.70
0.36
-0.71
0.28
0.13
0.84
-0.69
-0.12
-0.92
-0.30
3.55
1.05
1.32
1.18
-0.60
-1.30
-1.76
2.57
0.57
1.41
0.60
2.15
-2.03
0.47
1.99
0.78
0.66
0.55
-0.25
-0.42
0.36
2.44
0.78
1.02
0.63
-1.31
-1.16
0.49
1.77
0.68
1.07
0.02
0.07
-1.04
-1.07
2.35
0.56
0.51
1.27
0.53
-4.10
-0.49
3.52
2.35
-2.71
-6.25
0.90
2.97
3.55
1.49
0.07
-1.40
-6 .67
-8 .37
-7.01
-5.56
-3.80
-6.81
-8.59
-7.40
-4.17
3.48
2.33
-2.72
-6.25
0.86
2.99
3.53
1.49
0.02
-1.43
-6.66
-8.36
-6.97
-5.58
-3.78
-6.81
-8.58
-7.38
-4.21
2.48
2.31
0.17
0.99
1.63
1.41
0.22
0.70
-2.02
-2.03
0.02
-0.70
-5.56
-5.24
-0.32
-0.69
0.09
0.01
0.08
0.78
2.59
2.36
0.23
0.40
1.54
1.24
0.30
1.99
1.57
1.58
-0.01
-1.55
-0.10
-0.14
0.04
-1.33
-6.44
-6.36
-0.08
-0.22
-6.91
-6.70
-0.21
-1.45
-6.81
-7.02
0.21
-0.16
-5.54
-5.08
-0.46
-0.04
-2.91
-2.21
-0.70
-0.87
-6.94
-6.92
-0.02
-0.44
-3.76
-3.94
0.17
-0.44
0.02
0.01
-0.01
0.04
-0.02
0.02
0.05
0.03
-0.01
-0.01
-0.03
0.02
-0.02
-4.99
-4.49
-0.50
-1.82
0.00
-7.56
-7.16
-0.41
-1.02
0.05
1.21
1.06
0.15
0.28
0.00
-0.01
-0.02
0.03
24
3.70
2.55
-1.31
-3.82
0.84
4.17
3.30
-0.11
0.32
1.05
-3.48
-5.82
-6.47
-3.36
-0.14
-2.62
-6.64
-5.34
-0.75
25
26
27
28
3.56
2.86
0.18
2.68
4.29
2.07
0.18
1.89
3.26
-0.69
1.44
-2.14
0.77
-3.09
2.42
-5.51
6.50
0.55
-0.08
0.63
1.09
4.24
1.15
3.09
4.28
1.36
-0.29
1.66
5.42
-0.42
-1.61
1.18
2.02
2.14
0.41
1.73
7.21
1.96
2.53
-0.56
0.95
-3.44
3.21
-6.65
1.00
-4.34
2.55
-6.89
-1.09
-6.42
0.48
-6.89
-0.09
-3.23
2.22
-5.45
3.15
0.92
3.63
-2.72
1.67
-0.65
4.18
-4.84
0.45
-5.61
1.94
-7.54
-0.29
-4.85
2.02
-6.86
-1.69
-0.59
3.43
-4.02
1U
11
12
13
14
15
16
17
18
19
20
21
22
23
Addenda:
Private fixed investment in structures...............
Private fixed investment in equipment and
software.........................................................
Private fixed investment in new structures 6.....
Nonresidential structures...............................
Residential structures....................................
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers' commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
\
August 2008
Survey of Current Business
115
Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Private fixed investment............
Nonresidential......................................
S tructures..........................................
Commercial and health care.......
Manufacturing...............................
Power and communication..........
Mining exploration, shafts, and
wells.........................................
Other structures 1........................
Equipment and software................
Information processing equipment
and software............................
Computers and peripheral
equipment...........................
Software 2................................
Other3.....................................
Industrial equipment....................
Transportation equipment............
Other equipment4.......................
Residential.............................................
Structures..........................................
Permanent site.............................
Single family............................
Multifamily................................
Other structures 5........................
Equipment..........................................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1 102.012 108.984 111.109 107.717 105.287 106.643 108.608 110.022 110.661 112.880 112.156 110.779 108.621 107.674 108.475 108.218 106.503 104.969 104.323
2 92.873 99.520 106.987 112.244 96.558 97.429 98.935 100.407 101.311 105.125 106.766 108.164 107.893 108.794
3 78.760 79.747 86.318 97.264 79.371 80.813 80.545 78.627 79.001 81.910 85.668 88.574 89.121 91.526
4 76.376 75.794 80.413 87.048 75.047 76.411 76.027 74.982 75.757 77.338 79.816 82.374 82.125 84.970
5 50.906 59.698 65.806 75.083 58.027 60.307 58.366 59.439 60.682 61.728 66.473 69.630 65.392 68.399
6 72.073 69.819 75.480 92.881 73.062 71.851 69.735 68.247 69.444 75.694 73.032 75.671 77.524 82.586
111.502 113.863 114.819 115.504 116.172
95.447 100.005 102.076 104.206 107.773
85.287 88.025 89.911 89.086 89.489
72.416 75.756 83.763 86.364 92.434
92.037 96.608 100.294 105.666 107.461
7 122.434 134.342 149.933 163.896 124.532 134.017 141.873 131.994 129.484 136.984 148.787 155.973 157.990 157.114 160.431 170.885 167.155 173.291 185.243
8 78.129 74.300 80.025 95.505 78.565 76.652 73.478 73.176 73.895 75.303 80.169 81.096 83.531 85.757 94.304 99.416 102.543 105.677 110.215
9 98.505 107.695 115.467 117.412 103.519 104.100 106.425 109.536 110.717 114.985 115.484 116.049 115.349 115.360 117.302 118.348 118.636 118.470 117.442
10 108.139 116.913 127.574 139.842 111.567 113.231 115.548 118.200 120.673 125.351 126.355 129.148 129.444 134.701 138.415 141.339 144.914 147.465 150.807
11
12
13
14
15
16
17
18
19
20
21
22
23
135.056
109.874
95.318
84.186
81.200
105.418
224.513
133.795
113.782
100.669
86.678
112.438
234.740
135.899
115.585
99.953
85.427
113.716
245.331
139.131
117.627
96.179
81.981
115.475
254.682
142.463
117.698
96.369
78.949
111.679
262.543
144.032
121.557
97.817
67.055
109.965
125.343 133.226 123.728 101.534 127.747 130.259 133.311 134.634 134.700 133.477 127.572 120.102 113.763 108.831 105.552
99.644
92.110
85.698
82.144
125.399 133.325 123.659 101.216 127.785 130.345 133.417 134.758 134.778 133.511 127.538 119.988 113.599 108.590 105.284
99.303
91.686
85.216
81.591
102.597 98.490 91.392
99.506 96.004 88.829
128.779 119.627 113.089
118.445 116.431 112.243
80.509
77.259
107.728
109.882
70.609
66.172
107.427
108.883
65.302
59.934
109.666
107.894
128.170
128.929
121.486
121.076
156.675
117.497
100.847
91.255
92.964
114.596
137.217
137.631
133.603
127.227
195.433
122.340
108.784
96.414
99.186
119.265
230.472
134.548
114.710
97.805
86.683
113.095
149.001
113.139
95.267
87.093
91.931
110.141
145.794
114.413
98.867
89.187
88.352
110.936
125.587 93.247 130.486 134.121
124.554 90.399 130.965 134.649
134.561 117.306 126.253 129.409
120.705 114.250 123.569 124.445
152.368
117.399
99.157
88.471
92.353
114.681
136.308
136.611
133.641
128.922
157.486
118.179
102.785
91.907
97.738
115.614
138.080
138.348
135.772
129.573
171.051
119.996
102.578
95.454
93.414
117.151
140.360
140.916
135.591
125.970
181.768
120.636
109.244
94.159
102.772
120.573
140.192
140.685
136.151
122.912
193.210
121.048
107.922
98.730
98.199
120.974
130.826
130.367
135.014
122.393
202.576
122.494
110.174
96.572
99.291
118.313
120.713
119.402
132.130
118.955
204.179
125.184
107.797
96.196
96.484
117.199
110.617
107.762
134.948
118.559
217.304
129.365
111.848
94.421
92.645
110.753
121.710 126.282 130.379 128.580 125.481 124.277 125.839 125.641 129.371 131.662 131.278 130.447 128.130 129.569 128.470 128.541 127.738 126.133 128.364
Addenda:
Private fixed investment in structures
Private fixed investment in
equipment and software..............
Private fixed investment in new
structures 6...................................
Nonresidential structures............
Residential structures..................
24 105.837 110.847 108.196 100.474 107.487 109.596 111.253 111.194 111.343 111.840 110.088 107.107 103.751 102.020 101.929 100.632
94.324
26 102.796 107.170 105.658 98.988 104.130 106.448 107.182 106.945 108.107 109.125 107.272 104.894 101.342 99.570 100.027 99.675 96.681 94.142 93.834
27 78.753 79.588 86.311 97.241 79.267 80.682 80.340 78.413 78.915 81.872 85.668 88.593 89.112 91.512 95.427 99.979 102.046 104.159 107.704
28 122.585 129.874 121.254 98.884 124.575 127.603 129.239 130.448 132.206 131.625 124.871 117.829 110.692 105.181 102.501 97.706 90.146 83.356 79.450
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded," or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
97.315 94.690
25 98.693 107.846 115.588 117.501 103.698 104.265 106.584 109.668 110.869 115.121 115.612 116.166 115.453 115.476 117.392 118.430 118.708 118.530 117.530
116
August 2008
Saving and Investment
Table 5.3.4. Price Indexes for Private Fixed Investment by Type
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Private fixed investment............
Nonresidential.......................................
S tructures..........................................
Commercial and health care.......
Manufacturing..............................
Power and communication..........
Mining exploration, shafts, and
wells.........................................
Other structures ' ........................
Equipment and software................
Information processing equipment
and software............................
Computers and peripheral
equipment............................
Software 2 ................................
Other3......................................
Industrial equipment....................
Transportation equipment............
Other equipment4.......................
Residential.............................................
S tructures..........................................
Permanent site............................
Single family............................
Multifamily................................
Other structures 5........................
Equipment..........................................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 106.845 111.638 116.380 117.995 108.429 109.683 110.816 112.249 113.803 115.208 116.172 116.610 117.528 118.008 117.945 117.836 118.189 118.117 118.459
2 100.896 103.829 107.277 108.739 101.686 102.778 103.459 103.972 105.107 106.217 107.070 107.530 108.291 108.654 108.730 108.558 109.015 109.177 109.799
3 120.912 135.177 151.822 157.662 125.544 129.122 132.274 136.911 142.400 147.181 151.404 153.108 155.595 156.912 157.195 157.402 159.138 160.182 161.601
4 116.234 127.162 138.099 145.646 120.304 122.740 125.425 128.814 131.668 134.599 137.033 138.948 141.813 143.768 144.787 146.318 147.712 148.729 149.251
5 114.166 122.935 130.934 138.106 117.444 119.491 121.637 124.236 126.334 128.308 130.012 131.369 133.886 136.013 137.232 138.727 140.011 141.573 142.078
6 115.864 125.224 136.877 143.206 120.530 121.938 123.989 125.868 129.100 132.609 135.652 138.315 140.932 141.260 142.368 143.898 145.296 146.941 149.793
7 167.300 209.917 264.801 265.158 177.118 190.762 198.900 213.915 236.092 252.575 267.657 268.516 270.457 270.397 266.584 259.684 263.966 265.221 269.485
8 115.278 123.604 132.465 138.742 118.476 120.187 122.204 124.837 127.189 129.570 131.622 133.175 135.494 137.113 138.000 139.323 140.532 140.978 141.542
9 94.600 94.534 94.594 94.870 94.344 94.777 94.800 94.260 94.299 94.471 94.457 94.578 94.870 94.976 94.992 94.712 94.798 94.700 95.084
10 84.965
11
12
13
14
15
16
17
18
19
20
21
22
23
58.619
94.525
91.864
104.253
109.421
104.087
82.559
80.851
79.170
83.928
83.472
82.887
82.240
81.637
51.388
94.236
91.132
108.132
109.973
108.140
44.779
95.464
90.860
111.551
110.916
110.642
40.062
95.888
90.278
115.968
112.762
113.222
56.402
93.824
91.403
105.652
109.086
105.059
54.329
94.216
91.350
106.904
110.719
106.786
52.333
94.310
91.184
108.076
110.543
108.153
50.387
94.185
91.076
108.428
108.487
108.736
48.501
94.231
90.920
109.122
110.144
108.885
81.337
80.699 80.341
79.851
79.412
78.830
78.586
78.245
78.393
47.053 45.369 43.874 42.818
94.723 95.484 95.841 95.807
90.848 90.750 90.893 90.948
109.896 110.835 112.259 113.215
110.857 110.683 110.386 111.737
109.645 109.963 110.928 112.031
41.879
95.738
90.545
114.515
112.827
112.461
40.668
95.817
90.424
115.490
113.210
113.117
39.308
95.850
90.097
116.383
112.494
113.376
38.391
96.147
90.047
117.484
112.519
113.933
37.024
96.339
90.345
118.620
111.871
114.175
36.347
97.042
90.802
120.343
111.827
114.533
81.028
120.587 129.268 136.897 138.884 123.826 125.407 127.492 130.852 133.320 135.418 136.670 137.089 138.412 139.181 138.733 138.820 138.803 137.900 137.140
121.020 129.799 137.516 139.508 124.324 125.893 127.994 131.400 133.908 136.024 137.295 137.709 139.037 139.815 139.345 139.441 139.431 138.512 137.740
122.899
123.673
116.350
118.113
132.203
133.022
125.276
126.049
94.226
96.842
142.989
142.573
145.435
134.056
126.406
127.198
119.172
121.097
127.934
128.740
120.377
122.725
130.340
131.144
122.866
124.336
133.948
134.717
126.952
127.419
136.588
137.270
130.651
129.717
139.142
139.725
134.870
131.090
140.541
140.965
137.878
132.161
99.210 100.892
93.484
95.818
96.858
97.354
97.339
98.475
98.638
140.838
141.050
138.857
132.297
140.807
141.044
139.669
132.830
142.860
142.888
143.063
133.106
143.737
143.489
145.124
133.777
142.818
142.390
145.133
133.911
142.795
142.246
145.726
134.167
142.608
141.997
145.839
134.368
140.827
140.224
144.018
134.364
139.224
138.628
142.379
134.392
99.354 100.374 100.669 101.321 100.942 100.635 100.461 100.247
Addenda:
Private fixed investment in structures
Private fixed investment in
equipment and software..............
Private fixed investment in new
structures s...................................
Nonresidential structures.............
Residential structures..................
24 121.166 131.627 142.171 145.566 124.884 127.058 129.486 133.275 136.686 139.643 141.862 142.719 144.460 145.439 145.267 145.412 146.147 146.120 146.384
25
94.593 94.552
94.633
94.921
94.331
94.783
94.816
94.286
94.324 94.505
94.493
94.619
94.917 95.025
95.046
94.765
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
94.848
94.750
95.128
26 121.545 132.302 143.600 147.387 125.355 127.576 130.128 133.968 137.536 140.795 143.268 144.158 146.180 147.237 147.043 147.187 148.083 148.062 148.609
27 121.017 135.381 152.151 158.055 125.681 129.283 132.459 137.125 142.656 147.474 151.726 153.446 155.959 157.291 157.581 157.799 159.549 160.603 162.033
28 121.527 130.425 138.771 141.150 124.887 126.413 128.636 132.039 134.612 137.030 138.524 138.911 140.619 141.488 140.929 141.009 141.173 140.117 139.751
August 2008
117
Survey of Current Business
Table 5.3.5. Private Fixed Investment by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Private fixed investm ent...............................
Nonresidential.........................................................
Structures............................................................
Commercial and health care........................
Manufacturing................................................
Power and communication............................
Mining exploration, shafts, and wells............
Other structures1..........................................
Equipment and software...................................
Information processing equipment and
software.....................................................
Computers and peripheral equipment......
Software 2.................................................
Other3 ......................................................
Industrial equipment......................................
Transportation equipment..............................
Other equipment4.........................................
Residential................................................................
Structures............................................................
Permanent site..............................................
Single family..............................................
Multifamily.................................................
Other structures 6..........................................
Equipment............................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1,830.0 2,042.8 2,171.1 2,134.0 1,916.1 1,963.3 2,020.3 2,073.2 2,114.3 2,183.6 2,187.9 2,169.2 2,143.6 2,133.4 2,148.1 2,141.0 2,113.4 2,081.7 2,074.9
1,154.5 1,273.1 1,414.1 1,503.8 1,209.5 1,233.6 1,261.0 1,286.1 1,311.8 1,375.5 1,408.3 1,433.0 1,439.6 1,456.4 1,493.7 1,522.9 1,542.1 1,553.6 1,571.5
298.2
337.6
410.4
480.3
312.0
326.9
333.8
337.3
352.4
377.4
406.0
424.4
433.9
449.6
469.8
492.9
508.7
522.7
545.4
122.1
18.5
39.1
55.7
62.9
132.6
23.3
40.9
76.6
64.2
152.8
27.4
48.4
107.9
74.1
174.4
33.0
62.3
118.1
92.6
124.2
21.7
41.3
59.9
65.0
129.0
22.9
41.0
69.5
64.4
131.2
22.6
40.5
76.8
62.7
132.9
23.5
40.2
76.9
63.8
137.2
24.4
42.0
83.2
65.7
143.1
25.2
47.0
94.0
68.1
150.4
27.5
46.4
108.1
73.7
157.4
29.1
49.0
113.6
75.4
160.1
27.8
51.1
115.9
79.0
168.0
29.6
54.6
115.4
82.1
169.8
31.6
61.3
116.2
90.9
177.1
33.4
65.0
120.7
96.7
182.6
37.3
68.2
120.0
100.6
182.2
38.9
72.6
125.0
104.0
183.7
41.8
75.3
135.8
108.9
856.3
935.5 1,003.7 1,023.5
897.4
906.7
927.2
948.8
959.3
998.1 1,002.3 1,008.6 1,005.6 1,006.8 1,023.9 1,030.0 1,033.4 1,030.9 1,026.1
429.6
80.3
183.0
166.4
139.7
142.9
144.0
451.4
81.7
195.1
174.6
157.1
164.4
162.6
437.9
85.5
187.0
165.4
146.5
161.3
151.8
442.2
80.6
189.9
171.7
151.8
157.4
155.4
448.0
81.1
195.0
171.9
152.2
164.2
162.7
454.6
80.7
196.1
177.8
158.6
170.6
164.9
460.6
84.3
199.2
177.1
165.8
165.5
167.4
476.6
86.9
201.3
188.4
164.7
183.3
173.5
482.3
88.8
205.7
187.8
171.2
177.0
173.1
517.7
93.7
227.3
196.8
180.6
157.2
168.0
478.7
89.1
203.6
186.0
174.2
174.8
174.6
487.5
90.3
206.8
190.4
172.6
176.3
172.2
486.5
88.8
211.3
186.5
173.4
173.4
172.3
503.1
92.5
218.2
192.5
172.1
168.1
163.4
514.1
92.8
225.8
195.5
185.1
157.8
166.9
521.1
93.7
229.5
197.9
185.2
154.6
169.2
532.5
95.7
235.6
201.2
179.9
148.4
172.6
539.6
95.8
241.8
202.0
182.0
142.1
167.3
552.8
97.0
246.2
209.7
187.4
120.6
165.2
503.4
675.5
769.6
757.0
630.2
706.6
729.7
759.3
787.1
802.5
808.1
779.6
736.2
704.0
677.0
654.4
618.1
571.3
528.1
667.0
760.6
747.4
620.7
698.0
720.9
750.3
778.1
793.2
798.5
770.0
726.7
694.6
667.4
644.8
608.6
561.8
518.7
493.9
417.5
377.6
39.9
249.5
480.8
433.5
47.3
279.8
468.8
416.0
52.8
278.7
353.4
305.2
48.2
267.3
437.0
394.5
42.5
261.0
454.5
410.5
44.0
266.4
470.6
424.2
46.4
279.7
490.0
441.3
48.7
288.1
508.1
458.0
50.1
285.1
517.4
465.5
51.9
281.2
487.8
435.2
52.6
282.3
450.9
398.8
52.2
275.7
419.2
364.6
54.6
275.4
390.9
338.1
52.8
276.5
372.8
323.7
49.1
272.1
345.8
299.2
46.6
262.8
304.2
259.8
44.4
257.6
263.4
219.7
43.7
255.3
240.9
196.7
44.1
253.0
8.4
9.0
9.5
9.5
8.6
8.8
9.0
9.0
9.3
9.5
9.5
9.5
9.5
9.6
9.6
9.5
9.5
9.3
9.5
Addenda:
Private fixed investment in structures...............
Private fixed investment in equipment and
software.........................................................
Private fixed investment in new structures6.....
Nonresidential structures.............................
Residential structures....................................
24
965.3 1,098.3 1,157.9 1,100.9 1,010.0 1,047.8 1,084.1 1,115.4 1,145.7 1,176.0 1,176.0 1,151.1 1,128.5 1,117.0 1,114.6 1,101.5 1,070.5 1,041.5 1,039.3
25
26
27
28
864.7
871.0
297.5
573.6
944.5 1,013.2 1,033.1
988.5 1,057.7 1,017.1
336.3 409.9 479.7
652.1 647.8 537.4
906.1
909.7
310.9
598.8
915.5
946.4
325.7
620.7
936.1
972.1
332.3
639.8
957.8 968.6 1,007.6 1,011.9 1,018.1 1,015.1 1,016.4 1,033.5 1,039.5 1,042.9 1,040.2 1,035.6
998.7 1,036.6 1,071.5 1,071.8 1,054.6 1,033.1 1,022.2 1,025.4 1,022.8 998.1 971.7 972.1
335.8 351.5 376.7 405.5 424.0 433.5 449.1 469.3 492.4 508.2 522.1 544.7
662.9 685.1 694.7 666.4 630.6 599.6 573.0 556.2 530.4 489.9 449.6 427.4
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software "embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Saving and Investment
118
August 2008
Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Private fixed investm ent...............................
Nonresidential..........................................................
Structures............................................................
Commercial and health care........................
Manufacturing................................................
Power and communication............................
Mining exploration, shafts, and wells............
Other structures 1..........................................
Equipment and software...................................
Information processing equipment and
software.....................................................
Computers and peripheral equipment2....
Software 3 .................................................
Other4.......................................................
Industrial equipment......................................
Transportation equipment..............................
Other equipment5.........................................
Residential................................................................
S tructures............................................................
Permanent site..............................................
Single family..............................................
Multifamily..................................................
Other structures 6..........................................
Equipment............................................................
Residual.................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1,712.8 1,829.8 1,865.5 1,808.5 1,767.7 1,790.5 1,823.5 1,847.2 1,858.0 1,895.2 1,883.1 1,860.0 1,823.7 1,807.8 1,821.3 1,817.0 1,788.2 1,762.4 1,751.6
1,144.3 1,226.2 1,318.2 1,382.9 1,189.7 1,200.4 1,219.0 1,237.1 1,248.2 1,295.2 1,315.4 1,332.7 1,329.3 1,340.4 1,373.8 1,402.9 1,414.7 1,423.1 1,431.3
246.7
249.8
270.3
304.6
248.6
253.1
252.3
246.2
247.4
256.5
268.3
277.4
279.1
286.6
298.9
313.2
319.7
326.4
337.5
105.1
16.2
33.7
33.3
54.6
104.3
19.0
32.7
36.5
51.9
110.6
20.9
35.3
40.7
55.9
119.7
23.9
43.5
44.5
66.7
103.2
18.5
34.2
33.8
54.9
105.1
19.2
33.6
36.4
53.5
104.6
18.6
32.6
38.5
51.3
103.1
18.9
31.9
35.9
51.1
104.2
19.3
32.5
35.2
51.6
106.4
19.6
35.4
37.2
52.6
109.8
21.1
34.2
40.4
56.0
113.3
22.1
35.4
42.4
56.7
113.0
20.8
36.3
42.9
58.4
116.9
21.8
38.7
42.7
59.9
117.3
23.0
43.1
43.6
65.9
121.1
24.1
45.2
46.4
69.4
123.7
26.6
46.9
45.4
71.6
122.5
27.5
49.5
47.1
73.8
123.1
29.4
50.3
50.3
77.0
905.1
989.6 1,061.0 1,078.9
951.2
956.6
977.9 1,006.5 1,017.4 1,056.6 1,061.2 1,066.4 1,059.9 1,060.0 1,077.9 1,087.5 1,090.1 1,088.6 1,079.2
505.7
546.7
596.6
653.9
521.7
529.5
540.3
552.7
564.3
586.2
590.9
603.9
605.3
629.9
647.3
660.9
677.6
689.6
705.2
193.6
181.1
134.0
130.6
138.3
207.0
191.6
145.3
149.5
150.4
215.5
206.7
153.5
159.5
156.5
237.0
218.0
155.7
139.4
148.4
199.3
181.0
138.7
147.9
144.5
201.5
187.9
142.0
142.1
145.6
206.8
188.4
140.9
148.5
150.5
208.2
195.3
146.3
157.2
151.7
211.4
194.9
152.0
150.3
153.7
212.5
207.6
149.9
165.3
158.2
213.2
205.1
157.2
157.9
158.7
215.8
209.4
153.8
159.7
155.2
220.5
204.8
153.2
155.2
153.8
227.9
212.5
150.3
149.0
145.3
235.7
216.2
160.3
139.4
147.5
239.4
219.6
159.1
137.4
149.2
245.1
223.5
153.1
131.9
151.5
251.0
223.6
153.4
127.0
146.5
253.7
231.0
155.7
107.9
144.3
560.2
595.4
552.9
453.8
570.9
582.1
595.8
601.7
602.0
596.5
570.1
536.7
508.4
486.4
471.7
445.3
411.6
383.0
367.1
551.2
586.0
543.5
444.9
561.7
572.9
586.4
592.3
592.4
586.8
560.6
527.4
499.3
477.3
462.8
436.5
403.0
374.6
358.6
339.7
305.3
34.3
211.3
363.7
325.9
37.8
222.0
332.9
294.9
38.0
210.6
247.1
214.1
33.1
199.4
345.8
310.1
35.7
215.6
355.5
318.8
36.6
217.2
361.3
323.5
37.8
225.0
366.0
327.6
38.4
226.1
372.0
333.7
38.3
219.8
371.6
333.1
38.5
214.5
346.8
308.7
38.2
213.6
319.9
282.7
37.3
207.6
293.2
255.2
38.1
206.9
271.9
235.6
36.4
206.7
261.0
227.3
33.8
203.2
242.2
210.3
32.0
195.9
213.4
182.9
30.4
191.7
187.1
156.7
30.4
190.0
173.1
141.9
31.0
188.3
9.4
9.3
9.4
9.0
9.3
9.6
9.5
9.2
9.1
9.3
9.2
9.5
9.7
9.7
9.6
9.4
9.5
9.5
9.5
-4.6
-12.3
-41.0
-78.2
-10.1
-6.0
-7.4
-13.5
-21.9
-29.7
-36.7
-46.5
-51.9
-65.8
-72.3
-79.7
-94.4 -104.3 -108.0
25
796.7
834.4
814.4
756.3
809.1
825.0
837.4
837.0
838.1
841.9
828.7
806.2
781.0
767.9
767.2
757.5
732.5
26
27
28
29
914.1
716.6
245.8
472.0
998.9 1,070.6 1,088.4
747.1 736.6 690.1
248.4 269.4 303.5
500.0 466.8 380.7
960.5
725.9
247.4
479.6
965.8
742.1
251.8
491.3
987.2 1,015.8 1,026.9 1,066.3 1,070.9 1,076.0 1,069.4 1,069.6 1,087.3 1,097.0 1,099.5 1,097.9 1,088.6
747.2 745.6 753.7 760.8 747.8 731.3 706.5 694.1 697.3 694.9 674.0 656.3 654.2
250.8 244.8 246.3 255.6 267.4 276.5 278.2 285.6 297.9 312.1 318.5 325.1 336.2
497.6 502.2 509.0 506.8 480.8 453.6 426.2 404.9 394.6 376.2 347.1 320.9 305.9
Addenda:
Private fixed investment in structures...............
Private fixed investment in equipment and
software.........................................................
Private fixed investment in new structures 7.....
Nonresidential structures...............................
Residential structures....................................
712.8
710.0
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers' commissions on the sale of structures.
2. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers 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 5.3.2 and real growth rates are shown in table 5.3.1.
3. Excludes software “embedded,” or bundled, in computers and other equipment.
4. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment.
5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
6. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures.
7. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 2008
Survey of Current Business
Table 5.4.1B. Percent Change From Preceding Period in Real Private
Fixed Investment in Structures by Type
[Prc n
e e t]
119
Table 5.4.2B. Contributions to Percent Change in Real Private Fixed
Investment in Structures by Type
Line
Line
Private fixed investment in structures.....
Nonresidential.........................................................
Commercial and health care............................
Office 1..........................................................
Healthcare....................................................
Hospitals and special care.......................
Hospitals...............................................
Special care..........................................
Medical buildings.......................................
Multimerchandise shopping.........................
Food and beverage establishments.............
Warehouses..................................................
Other commercial2.......................................
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 3.......................................................
Farm..............................................................
Other4..........................................................
Brokers’ commissions on sale of structures
Residential...............................................................
Permanent site....
Single-family structures................................
Multifamily structures...................................
Other structures...
Manufactured homes...................................
Dormitories......
Improvements..
Brokers' commissions on sale ot structures
1
2
3
4
5
6
I
8
9
10
11
12
13
14
1b
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
14
35
36
37
38
39
40
41
42
43
44
2004
2005
2006
2007
7.1
4.7
-2 .4
-7.1
1.3
1.3
8.2
12.7
2.4
1.3
2.3
-3.1
-0.1
-18.7
18.3
14.8
-7.4
-8.1
6.9
4.9
-17.8
-24.9
-24.5
-26.0
1.4
14.8
13.7
44.6
2.2
-10.2
-10.3
13.6
2.1
5.7
-11.3
9.4
1.5
23.0
3.6
-0.8
2.7
0.1
1.2
4.3
-18.6
-2.6
10.1
-13.7
-1.8
-14.4
17.3
-3.1
-12.0
-11.8
-12.8
15.2
9.7
9.4
16.3
-4.9
-12.5
-5.4
-2.2
-17.6
1.6
-19.1
5.5
-1.7
5.5
7.3
6.1
11.3
3.6
12.0
10.7
22.1
-17.7
19.5
-11.3
5.0
-11.8
10.2
8.1
11.7
11.2
12.9
2.6
11.6
10.7
34.7
7.7
-7.6
-1.9
28.1
14.3
17.9
-9.7
22.1
-8.2
-2.0
16.7
8.3
10.0
3.9
4.8
6.1
-5.1
1.1
11.3
1.1
6.7
11.2
14.1
23.1
27.0
20.0
45.8
16.7
9.3
9.4
7.3
19.3
-8.2
12.1
49.4
6.2
6.0
-3.4
7.1
19.4
-2.4
19.8
10.0
6.3
-7 .2
-18.1
11.6
12.0
7.8
7.4
-2.9
-12.5
2.7
14.9
7.1
6.7
10.0
5.1
11.1
-14.7
2.7
7.0
-8.5
-9.5
0.7
-5.1
-20.8
26.8
-0.7
-10.5
-25.8
-27.4
-12.8
-5.3
-18.5
41.8
0.9
-14.7
6.0
1.0
8.9
4.3
1.1
5.9
-1.4
8.4
-6.6
-6.3
12.7
-18.4
Addenda:
Private fixed investment in new structures 5, ..
Nonresidential structures.............................
Residential structures..................................
45
46
47
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by
power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of
auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures
used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads.
4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development.
5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
2004
2005
2006
2007
Percent change at annual rate:
Private fixed investment in structures
1
7.1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
4.7
-2.4
-7.1
0.43
0.39
2.59
4.53
0.32
0.05
0.07
-0.07
0.00
-0.07
0.15
0.26
-0.07
-0.11
0.13
0.10
-0.94
-0.96
-0.70
-0.26
0.02
0.80
0.72
0.08
0.15
-0.10
-0.18
0.20
0.02
0.04
-0.01
0.06
0.01
0.07
0.01
0.08
-0.10
0.11
0.00
0.03
0.08
-0.05
-0.02
0.19
-0.11
-0.02
-0.26
0.33
-0.13
-0.33
-0.23
-0.10
0.20
0.60
0.56
0.04
-0.32
-0.10
-0.08
-0.03
-0.18
0.01
-0.02
0.03
-0.01
0.02
0.02
0.05
0.74
0.45
0.11
0.25
0.20
0.05
-0.15
0.38
-0.08
0.06
-0.18
0.22
0.30
0.27
0.18
0.08
0.04
0.88
0.78
0.10
0.45
-0.05
-0.02
0.40
0.12
0.11
-0.01
0.12
-0.04
-0.01
0.03
-0.09
1.11
0.46
0.12
0.12
0.13
-0.01
0.01
0.28
0.01
0.08
0.15
0.34
0.97
0.70
0.38
0.32
0.27
0.86
0.83
0.03
1.25
-0.05
0.16
0.94
0.06
0.04
0.00
0.05
0.10
-0.01
0.05
-0.03
Percentage points at annual rates:
Nonresidential.........................................................
Commercial and health care............................
Office 1.................
Health care...................................................
Hospitals and special care.......................
Hospitals......
Special care..
Medical buildings......................................
Multimerchandise shopping.........................
Food and beverage establishments.............
Warehouses.......
Other commercial2
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 3...................................................
Farm...........................................................
Other4..........................................................
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................
6.70
4.34
-4.98
-11.67
4.78
4.46
0.32
1.92
-0.02
-0.03
0.43
1.41
0.13
3.04
2.63
0.41
1.30
0.09
-0.03
0.41
0.69
0.14
-3.69
-3.72
0.03
-1.29
-0.17
0.04
-0.10
-1.03
-0.03
-10.39
-9.79
-0.59
-1.28
-0.12
0.07
0.14
-1.27
-0.11
5.50
0.34
5.16
3.84
0.33
3.51
-1.27
2.64
-3.91
-5.77
4.52
-10.29
Addenda:
Private fixed investment in new structures 5
Nonresidential structures.............................
Residential structures...................................
45
46
47
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by
power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of
auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures
used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads.
4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development.
5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Saving and Investment
120
August 2008
Table 5.4.3B. Real Private Fixed Investment in Structures by Type,
Quantity Indexes
Table 5.4.4B. Price Indexes for Private Fixed Investment in Structures
by Type
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Line
Private fixed investment in structures......
Nonresidential.........................................................
Commercial and health care.............................
Office 1..........................................................
Health care....................................................
Hospitals and special care.......................
Hospitals...............................................
Special care..........................................
Medical buildings.......................................
Multimerchandise shopping..........................
Food and beverage establishments..............
Warehouses..................................................
Other commercial2.......................................
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 3.....................
Farm.............................
Other4 ..........................................................
Brokers’ commissions on sale of structures
Residential................................................................
Permanent site.....
Single-family structures.................................
Multifamily structures....................................
Other structures...
Manufactured homes.....................................
Dormitories......
Improvements...
Brokers' commissions on sale of structures
2004
2005
2006
2007
105.837
110.847
108.196
100 474
Private fixed investment in structures......
78.760
79.747
86.318
97 264
Nonresidential.........................................................
76.376
54.432
116.129
111.528
136.359
51.404
129.302
107.610
80.068
69.528
79.583
50.906
72.073
79.785
76.367
92.699
60.658
122.434
121.219
154.989
78.129
87.304
92.742
63.087
82.675
89.262
45.388
107.446
78.921
59.800
83.526
75.794
55.922
116.296
112.909
142.260
41.826
125.990
118.508
69.114
68.251
68.090
59.698
69.819
70.187
67.393
80.864
69.898
134.342
132.674
180.304
74.300
76.426
87.736
61.703
68.094
90.710
36.712
113.342
77.545
63.060
89.636
80.413
62.252
120.535
126.418
157.534
51.058
103.663
141.643
61.273
71.693
60.041
65.806
75.480
78.371
74.921
91.316
71.743
149.933
146.910
242.836
80.025
70.623
86.054
79.034
77.832
106.978
33.135
138.418
71.220
61.776
104.621
87 048
68 503
125 296
132 428
16/ 093
48 476
104 845
157 667
61 951
76 504
66 793
75 083
92 881
99 502
89 887
133 119
83 739
163 896
160 720
260 577
95 505
64 848
96 440
118 088
82 684
113 352
31 992
148 180
85 070
60 276
125 323
Commercial and health care.............................
Office 1..........................................................
Health care...................................................
Hospitals and special care........................
Hospitals...............................................
Special care...
Medical buildings......................................
Multimerchandise shopping..........................
Food and beverage establishments.............
Warehouses..........
Other commercial2
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 3...............
Farm.....................
Other4..........................................................
Brokers’ commissions on sale of structures
125.399
133.325
123.659
101 216
128.170
128.929
121.486
121.076
57.092
99.780
115.542
144.947
137.217
137.631
133.603
127.227
63.444
85.080
118.705
155.092
125.587
124.554
134.561
120.705
50.276
107.878
117.921
138.810
93 247
90 399
117 306
114 250
40 990
152 920
119 035
118 464
45
46
47
102.796
78.753
122.585
107.170
79.588
129.874
105.658
86.311
121.254
98.988
97.241
98.884
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by
power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists
of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures
used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads.
4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development.
5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Residential....................
Permanent site..........
Single-family structures................................
Multifamily structures....................................
Other structures.......
Manufactured homes....................................
Dormitories...........
Improvements...............................................
Brokers’ commissions on sale of structures
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
2004
2005
2006
2007
121.166
131.627
142.171
145.566
120.912
135.177
151.822
157.662
116.234
115.260
116.257
116.259
116.288
116.094
116.252
117.339
117.018
117.245
117.296
114.166
115.864
117.133
114.350
125.222
113.230
167.300
170.001
116.557
115.278
116.296
115.187
116.492
116.320
113.011
116.305
112.388
116.066
114.309
106.929
127.162
127.187
125.921
125.953
125.981
125.796
125.841
128.744
128.368
126.889
128.409
122.935
125.224
128.151
121.719
147.361
119.720
209.917
214.673
126.048
123.604
125.713
124.165
125.903
125.752
115.881
125.696
114.251
126.071
124.591
107.379
138.099
140.014
136.567
136.617
136.607
136.764
136.435
138.341
138.239
136.457
138.165
130.934
136.877
135.940
130.096
153.332
137.315
264.801
272.527
136.642
132.465
136.483
132.489
136.772
136.659
119.701
136.207
117.279
136.400
133.575
106.883
145.646
148.681
142.710
142.712
142.726
142.674
142.748
145.680
145.673
144.449
145.332
138.106
143.206
142.695
140.383
150.468
142.873
265.158
272.401
142.704
138.742
142.665
141.735
142.849
142.792
122.915
142.814
120.150
142.737
143.661
106.883
121.020
129.799
137.516
139.508
122.899
123.673
116.350
118.113
114.697
123.354
118.651
118.259
132.203
133.022
125.276
126.049
124.547
133.226
126.394
126.374
140.838
141.050
138.857
132.297
129.274
141.165
134.175
130.421
142.989
142.573
145.435
134.056
130.833
142.458
137.115
130.121
121.545
121.017
121.527
132.302
135.381
130.425
143.600
152.151
138.771
147.387
158.055
141.150
Addenda:
Addenda:
Private fixed investment in new structures 5
Nonresidential structures..............................
Residential structures....................................
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
Private fixed investment in new structures 5
Nonresidential structures..............................
Residential structures...................................
45
46
47
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by
power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of
auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures
used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads.
4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development.
5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
August 2008
Survey of Current Business
Table 5.4.5B. Private Fixed Investment in Structures by Type
[Billions of dollars]
Line
Private fixed investment in structures.....
Nonresidential.........................................................
Commercial and health care.............................
Office 1..................................
Health care............................
Hospitals and special care
Hospitals.......................
Special care..................
Medical buildings...............
Multimerchandise shopping...
Food and beverage establishments.............
Warehouses..........................
Other commercial2...............
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 3...................
Farm..........................
Other4 ......................
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................
2004
2005
2006
965.3
1,098.3
1,157.9
337.6
410.4
480.3
122.1
37.8
29.6
21.0
18.2
2.8
8.5
17.9
7.8
11.5
17.6
18.5
39.1
26.2
19.2
6.9
12.9
55.7
53.3
2.4
62.9
7.9
13.9
14.8
10.1
6.7
1.0
5.7
5.5
3.2
2.2
-1.4
132.6
42.8
32.1
23.1
20.6
2.5
9.0
21.6
7.4
12.2
16.5
23.3
40.9
25.2
18.1
7.1
15.7
76.6
73.6
3.0
64.2
7.5
14.2
15.7
9.0
7.0
0.9
6.1
5.9
3.6
2.3
-1.0
152.8
52.5
36.0
28.0
24.7
3.3
8.0
27.7
7.1
13.8
15.6
27.4
48.4
29.8
21.5
8.4
18.5
107.9
103.5
4.4
74.1
7.5
14.9
21.8
11.2
8.5
0.9
7.6
5.8
3.8
2.7
-2.2
174.4
61.3
39.1
30.7
27.4
3.3
8.5
32.5
7.5
15.6
18.3
33.0
62.3
39.8
27.8
12.0
22.5
118.1
113.1
4.9
92.6
7.2
17.8
34.0
12.4
9.2
0.9
8.3
7.3
4.0
3.2
-2.7
667.0
760.6
747.4
620.7
417.5
377.6
39.9
249.5
7.5
1.7
146.9
96.1
-2.6
480.8
433.5
47.3
279.8
9.1
1.5
160.7
109.9
-1.4
468.8
416.0
52.8
278.7
7.4
2.1
169.5
101.5
-1.8
353.4
305.2
48.2
267.3
6.1
3.0
174.9
86.4
-3.1
45
46
47
871.0
297.5
573.6
988.5
336.3
652.1
1,057.7
409.9
647.8
1,017.1
479.7
537.4
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by
power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of
auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures
used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads.
4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development.
5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
[Billions of chained (2000) dollars]
Line
1,100.9
298.2
Addenda:
Private fixed investment in new structures5....
Nonresidential structures.............................
Residential structures...................................
Table 5.4.6B. Real Private Fixed Investment in Structures by Type,
Chained Dollars
2007
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
121
Private fixed investment in structures
Nonresidential.........................................................
Commercial and health care............................
Office 1..........................
Health care....................
Hospitals and special care.......................
Hospitals................
Special care..........................................
Medical buildings......................................
Multimerchandise shopping.........................
Food and beverage establishments.............
Warehouses ...............................................
Other commercial2 ......................................
Manufacturing
Power and communication................................
Power.................
Electric............
Other power....
CommunicationMining exploration, shafts, and wells...............
Petroleum and natural gas...........................
Mining...........................................................
Other structures................................................
Religious.......................................................
Educational and vocational..........................
Lodging....
Amusement and recreation..........................
Transportation...............................................
Air
Land 3„
Farm
Other4..........................................................
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................
Residual................................................................
2004
2005
2006
2007
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
796.7
834.4
814.4
756.3
246.7
249.8
270.3
304.6
105.1
32.8
25.4
18.1
15.7
2.4
7.3
15.2
6.7
9.8
15.0
16.2
33.7
22.3
16.8
5.5
11.4
33.3
31.3
2.1
54.6
6.8
12.1
12.7
8.7
5.9
0.9
5.0
4.7
2.8
2.0
-1.2
104.3
33.7
25.5
18.3
16.3
2.0
7.1
16.8
5.8
9.6
12.8
19.0
32.7
19.7
14.9
4.8
13.1
36.5
34.3
2.4
51.9
6.0
11.4
12.5
7.2
6.0
0.7
5.3
4.6
2.9
2.2
-0.8
110.6
37.5
26.4
20.5
18.1
2.4
5.9
20.1
5.1
10.1
11.3
20.9
35.3
22.0
16.5
5.5
13.5
40.7
38.0
3.2
55.9
5.5
11.2
16.0
8.2
7.1
0.6
6.5
4.3
2.9
2.5
-1.6
119.7
41.3
27.4
21.5
19.2
2.3
5.9
22.3
5.2
10.8
12.6
23.9
43.5
27.9
19.8
7.9
15.7
44.5
41.5
3.5
66.7
5.1
12.6
23.8
8.7
7.5
0.6
6.9
5.1
2.8
3.0
-1.9
551.2
586.0
543.5
444.9
339.7
305.3
34.3
211.3
6.5
1.4
123.8
81.2
-2.1
3.6
363.7
325.9
37.8
222.0
7.3
1.2
127.2
86.9
-1.0
4.5
332.9
294.9
38.0
210.6
5.8
1.5
126.3
77.8
-1.3
7.2
247.1
214.1
33.1
199.4
4.7
2.1
127.5
66.4
-2.2
12.0
46
47
48
716.6
245.8
472.0
747.1
248.4
500.0
736.6
269.4
466.8
690.1
303.5
380.7
Addenda:
Private fixed investment in new structures 5
Nonresidential structures.............................
Residential structures...................................
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by
power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of
auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures
used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads.
4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development.
5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 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.
122
Saving and Investment
Table 5.5.1. Percent Change From Preceding Period in Real Private
Fixed Investment in Equipment and Software by Type
August 2008
Table 5.5.2. Contributions to Percent Change in Real Private Fixed
Investment in Equipment and Software by Type
[Percent]
Line
Line
Private fixed investment in equipment and
softw are...........................................................
Nonresidential equipment and software....................
Information processing equipment and software
Computers, software, and communication...........
Computers and peripheral equipment..............
Software 1.........................................................
Communication equipment...............................
Medical equipment and instruments....................
Nonmedical instruments
Photocopy and related equipment........................
Office and accounting equipment.........................
Industrial equipment
........................................
Fabricated metal products.....................................
Engines and turbines....
Metalworking machinery
Special industry machinery, n.e.c..........................
General industrial, including materials handling,
equipment.........................................................
Electrical transmission, distribution, and industrial
apparatus..........................................................
Transportation equipment..........................................
Trucks, buses, and truck trailers...........................
Light trucks (including utility vehicles)..............
Other trucks, buses, and truck trailers..............
Autos.....................................................................
Aircraft...................................................................
Ships and boats....................................................
Railroad equipment...............................................
Other equipment....
Furniture and fixtures............................................
Agricultural machinery...........................................
Construction machinery........................................
Mining and oilfield machinery................................
Service industry machinery...................................
Electrical equipment, n.e.c....................................
Other......................................................................
Less: Sale of equipment scrap, excluding autos......
Residential equipment....................................................
2004
2005
2006
2007
7.4
9.3
7.2
1.7
Percent change at annual rate:
Private fixed investment in equipment and
software...........................................................
7.4
9.3
7.2
1.7
8.1
7.9
16.0
6.9
2.6
12.4
5.8
-2.6
-0.1
8.4
4.9
17.9
7.8
5.3
9.1
10.4
24.7
4.1
11.7
3.7
8.3
-16.0
5.2
5.7
9.4
19.6
4.5
4.1
9.6
11.0
17.9
10.0
6.9
1.9
0.1
-8.8
43.8
1.4
-1.2
13.3
-3.0
4.2
17
2.9
12.2
5.4
0.0
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
6.7
14.8
28.4
23.9
37.3
-0.5
-3.1
10.3
8.3
6.3
3.7
7.9
13.9
16.0
1.4
20.3
2.7
12.6
3.6
14.5
21.0
20.0
22.6
11.8
-7.2
-1.2
33.9
8.3
6.1
4.3
22.6
31.3
7.0
-4.5
3.7
-2.4
3.8
6.7
11.4
13.1
8.8
8.1
-15.7
-12.9
11.3
4.2
4.0
-6.1
13.3
43.7
-1.1
1.4
-0.8
9.1
5.4
-12.6
-20.0
-9.7
-36.7
-2.3
23.1
-5.8
-47.6
-4.9
-1.1
9.3
-35.7
6.9
5.7
5.0
-0.8
0.4
10.4
3.8
3.2
-1 .4
2005
2006
2007
Percentage points at annual rates:
9.3
9.8
11.3
9.2
9.5
10.2
8.9
-21.1
0.6
-3.1
-1.9
-54.3
1.1
-5.5
2004
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Nonresidential equipment and software....................
Information processing equipment and software
Computers, software, and communication...........
Computers and peripheral equipment.............
Software 1.........................................................
Communication equipment...............................
Medical equipment and instruments....................
Nonmedical instruments.......................................
Photocopy and related equipment.......................
Office and accounting equipment........................
Industrial equipment.................................................
Fabricated metal products....................................
Engines and turbines............................................
Metalworking machinery.......................................
Special industry machinery, n.e.c.........................
General industrial, including materials handling,
equipment.........................................................
Electrical transmission, distribution, and industrial
apparatus..........................................................
Transportation equipment.........................................
Trucks, buses, and truck trailers............................
Light trucks (including utility vehicles)..............
Other trucks, buses, and truck trailers.............
Autos......................
Aircraft...................
Ships and boats ,
Railroad equipment.
Other equipment....
Furniture and fixtures............................................
Agricultural machinery..........................................
Construction machinery........................................
Mining and oilfield machinery...............................
Service industry machinery..................................
Electrical equipment, n.e.c....................................
Other.....................................................................
Less: Sale of equipment scrap, excluding autos
Residential equipm ent..................................................
1. Excludes software “embedded,” or bundled, in computers and other equipment,
n.e.c. Not elsewhere classified
1
7.4
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
0.10
9.3
7.2
1.7
7.29
9.24
7.15
1.67
4.60
3.92
1.05
1.93
0.94
0.58
0.21
-0.12
0.00
-0.56
-0.03
-0.69
0.03
-0.20
3.98
3.12
1.40
1.47
0.25
0.73
0.14
-0.01
0.00
1.38
0.07
0.10
0.21
0.17
4.32
3.92
2.01
0.86
1.06
0.22
0.20
-0.06
0.03
0.95
0.15
0.12
0.12
0.13
4.53
4.16
1.50
2.03
0.64
0.11
0.00
-0.03
0.28
0.25
-0.02
0.09
-0.08
0.14
0.18
0.74
0.35
0.00
0.15
2.22
2.24
1.25
0.99
-0.02
-0.08
0.05
0.03
1.09
0.15
0.18
0.35
0.09
0.03
0.15
0.14
0.06
0.08
2.40
2.02
1.23
0.79
0.42
-0.17
-0.01
0.14
1.46
0.24
0.10
0.62
0.21
0.14
-0.04
0.18
-0.02
0.09
1.17
1.22
0.86
0.36
0.29
-0.34
-0.07
0.06
0.77
0.16
-0.15
0.42
0.38
-0.02
0.01
-0.04
0.06
0.12
-2.21
-2.22
-0.66
-1.56
-0.09
0.41
-0.02
-0.29
-0.89
-0.04
0.20
-1.24
0.08
0.11
0.04
-0.04
0.00
0.04
0.03
-0.01
1. Excludes software “embedded,” or bundled, in computers and other equipment,
n.e.c. Not elsewhere classified
Table 5.5.3. Real Private Fixed Investment in Equipment and Software
by Type, Quantity Indexes
Table 5.5.4. Price Indexes for Private Fixed Investment in Equipment
and Software by Type
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Line
Private fixed investment in equipment and
softw are...........................................................
Nonresidential equipment and software....................
Information processing equipment and software......
Computers, software, and communication...........
Computers and peripheral equipment..............
Software 1.........................................................
Communication equipment...
Medical equipment and instruments....................
Nonmedical instruments...........
Photocopy and related equipment........................
Office and accounting equipment..........................
Industrial equipment.....................
Fabricated metal products........
Engines and turbines...............
Metalworking machinery.......................................
Special industry machinery, n.e.c..........................
General industrial, including materials handling,
equipment.........................................................
Electrical transmission, distribution, and industrial
apparatus..........................................................
Transportation equipment..........................................
Trucks, buses, and truck trailers...........................
Light trucks (including utility vehicles)..............
Other trucks, buses, and truck trailers..............
Autos......................................................................
Aircraft...................................................................
Ships and boats....................................................
Railroad equipment...............................................
Other equipment.......................................................
Furniture and fixtures............................................
Agricultural machinery...........................................
Construction machinery........................................
Mining and oilfield machinery................................
Service industry machinery...................................
Electrical equipment, n.e.c....................................
Other.....................................................................
Less: Sale of equipment scrap, excluding autos......
Residential equipment....................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
2004
2005
2007
Line
107.846 115.588 117.501
Private fixed investment in equipment and
software...........................................................
98.505 107.695 115.467 117.412
Nonresidential equipment and software....................
98.693
108.139
105.804
135.056
109.874
80.659
143.895
112.691
41.707
151.161
84.186
89.865
64.084
75.998
74.857
116.913
114.133
156.675
117.497
82.742
161.788
119.260
40.623
151.068
91.255
94.281
75.543
81.896
78.799
127.574
125.947
195.433
122.340
92.460
167.719
129.126
34.129
158.999
96.414
103.123
90.345
85.594
82.051
139.842
139.790
230.472
134.548
98.865
170.945
129.314
31.131
228.636
97.805
101.902
102.337
83.047
85.490
99.706 111.904 117.930 117.926
79.768
81.200
96.138
99.031
91.537
78.309
53.052
119.881
48.657
105.087
87.903
139.198
93.289
94.209
92.654
151.746
119.614
89.476
82.637
92.964
116.290
118.867
112.227
87.568
49.221
118.460
65.155
113.813
93.272
145.170
114.338
123.718
99.153
144.871
124.051
87.338
121.710 126.282
1. Excludes software “embedded,” or bundled, in computers and other equipment,
n.e.c. Not elsewhere classified
2006
85.786
99.186
129.588
134.404
122.081
94.680
41.497
103.120
72.520
118.648
96.985
136.337
129.509
177.726
98.025
146.920
123.056
95.329
90.383
86.683
103.638
121.402
77.322
92.467
51.087
97.156
37.986
112.786
95.923
149.083
83.242
189.984
103.600
154.210
122.034
95.701
130.379 128.580
Information processing equipment and software.....
Computers, software, and communication...........
Computers and peripheral equipment.............
Software 1.........................................................
Communication equipment...............................
Medical equipment and instruments....................
Nonmedical instruments.......................................
Photocopy and related equipment.......................
Office and accounting equipment........................
Industrial equipment.................................................
Fabricated metal products....................................
Engines and turbines............................................
Metalworking machinery.......................................
Special industry machinery, n.e.c.........................
General industrial, including materials handling,
equipment.........................................................
Electrical transmission, distribution, and industrial
apparatus..........................................................
Transportation equipment.........................................
Trucks, buses, and truck trailers............................
Light trucks (including utility vehicles)..............
Other trucks, buses, and truck trailers.............
Autos......................
Aircraft...................
Ships and boats.....
Railroad equipment.
Other equipment........
Furniture and fixtures............................................
Agricultural machinery..........................................
Construction machinery........................................
Mining and oilfield machinery...............................
Service industry machinery..................................
Electrical equipment, n.e.c....................................
Other.....................................................................
Less: Sale of equipment scrap, excluding autos......
Residential equipm ent..................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
2004
2005
2006
2007
94.593
94.552
94.633
94.600
94.534
94.594
94.870
84.965
81.954
58.619
94.525
84.963
102.325
104.378
90.259
98.799
104.253
112.516
102.661
101.882
103.626
82.559
79.017
51.388
94.236
83.306
102.384
105.975
89.712
98.446
108.132
120.875
103.110
105.661
106.158
80.851
76.924
44.779
95.464
82.499
102.303
107.801
89.826
98.104
111.551
130.189
105.753
107.050
108.732
79.170
74.814
40.062
95.888
80.824
102.335
110.472
92.440
98.562
115.968
143.498
109.574
108.525
112.404
94.921
17 106.007 110.407 113.484 117.251
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
99.957
109.421
105.998
106.705
104.582
109.025
117.591
113.867
107.329
105.807
106.622
107.389
106.638
111.941
104.528
101.376
104.437
187.934
102.825
109.973
105.780
104.261
108.265
106.260
124.379
117.258
121.326
109.582
110.899
111.849
111.222
120.897
107.993
102.750
106.823
178.229
107.599
110.916
105.416
101.729
111.737
107.798
129.873
121.430
128.834
112.827
113.204
114.777
115.559
128.950
110.778
104.521
109.787
218.500
113.227
112.762
106.468
101.257
116.021
110.078
133.769
126.599
134.541
116.132
116.478
118.259
118.211
135.185
115.370
108.005
112.194
256.168
94.226
96.842
99.210
100.892
1. Excludes software “embedded,” or bundled, in computers and other equipment,
n.e.c. Not elsewhere classified
August 2008
Survey of Current Business
Table 5.5.5. Private Fixed Investment in Equipment and Software by
123
Type
Table 5.5.6. Real Private Fixed Investment in Equipment and Software
by Type, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Line
Private fixed investment in equipment and
softw are...........................................................
Nonresidential equipment and software....................
Information processing equipment and software.....
Computers, software, and communication...........
Computers and peripheral equipment..............
Software 1.........................................................
Communication equipment...............................
Medical equipment and instruments....................
Nonmedical instruments........
Photocopy and related equipment.......................
Office and accounting equipment........................
Industrial equipment...................
Fabricated metal products......
Engines and turbines.............
Metalworking machinery.......................................
Special industry machinery, n.e.c..........................
General industrial, including materials handling,
equipment.........................................................
Electrical transmission, distribution, and industrial
apparatus..........................................................
Transportation equipment..........................................
Trucks, buses, and truck trailers...........................
Light trucks (including utility vehicles)..............
Other trucks, buses, and truck trailers..............
Autos.....................................................................
Aircraft...................................................................
Ships and boats....................................................
Railroad equipment...............................................
Other equipment.......................................................
Furniture and fixtures............................................
Agricultural machinery..........................................
Construction machinery........................................
Mining and oilfield machinery................................
Service industry machinery...................................
Electrical equipment, n.e.c....................................
Other.....................................................................
Less: Sale of equipment scrap, excluding autos......
Residential equipment.....
2004
2005
2006
2007
944.5
1,013.2
1,033.1
856.3
935.5
1,003.7
1,023.5
Nonresidential equipment and softw are...................
429.6
348.3
80.3
183.0
85.0
50.7
20.9
3.6
6.1
139.7
12.5
4.7
23.3
28.2
451.4
362.2
81.7
195.1
85.5
57.0
22.5
3.5
6.1
157.1
14.1
5.5
26.0
30.4
482.3
389.1
88.8
205.7
94.6
59.1
24.8
3.0
6.4
171.2
16.6
6.8
27.5
32.5
517.7
420.1
93.7
227.3
99.1
60.2
25.4
2.8
9.2
180.6
18.1
8.0
27.1
35.0
Information processing equipment and software.....
Computers, software, and communication...........
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
864.7
17
51.3
60.0
65.0
67.2
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
19.7
142.9
83.4
53.7
29.7
31.2
20.3
4.6
3.4
149.6
34.0
20.5
23.1
5.6
17.0
7.1
42.4
5.7
21.0
164.4
100.7
63.0
37.7
34.0
19.9
4.7
5.2
167.8
37.5
22.3
29.5
8.0
18.8
6.9
45.0
5.2
22.8
177.0
111.8
69.5
42.3
37.3
17.6
4.2
6.1
180.2
39.8
21.4
34.8
12.2
19.0
7.1
45.8
7.0
25.3
157.2
90.3
62.5
27.8
37.2
22.3
4.1
3.3
176.3
40.5
24.2
22.9
13.7
21.0
7.7
46.5
8.3
Software 2.........................................................
Communication equipment..............................
Medical equipment and instruments....................
Nonmedical instruments
Photocopy and related equipment.......................
Office and accounting equipment........................
Industrial equipment.................................................
Fabricated metal products
Engines and turbines......
Metalworking machinery.......................................
Special industry machinery, n.e.c.........................
General industrial, including materials handling,
equipment.........................................................
Electrical transmission, distribution, and industrial
apparatus..........................................................
Transportation equipment.........................................
Trucks, buses, and truck trailers............................
Light trucks (including utility vehicles)..............
Other trucks, buses, and truck trailers.............
Autos.....................................................................
Aircraft.................
Ships and boats....
Railroad equipment..............................................
Other equipment......
Furniture and fixtures............................................
Agricultural machinery..........................................
Construction machinery........................................
Mining and oilfield machinery...............................
Service industry machinery..................................
Electrical equipment, n.e.c....................................
Other.....................................................................
Less: Sale of equipment scrap, excluding autos......
8.4
9.0
9.5
9.5
Residential equipm ent..................................................
Residual........................................................................
Addenda:
Private fixed investment in equipment and software
Less: Dealers' margin on used equipment...............
Net purchases of used equipment from
government...............................................
Plus: Net sales of used equipment...........................
Net exports of used equipment....................
Sale of equipment scrap...............................
Equals: Private fixed investment in new equipment
and software..........................................................
37
38
864.7
10.7
39
40
41
42
0.6
69.2
1.3
5.4
43
944.5 1,013.2 1,033.1
11.7
12.2
12.7
0.6
71.2
3.2
5.4
0.7
73.6
2.5
7.2
0.7
80.4
1.9
8.4
929.3 1,011.9 1,083.6 1,110.3
1. Excludes software “embedded,” or bundled, in computers and other equipment,
n.e.c. Not elsewhere classified
Line
Private fixed investment in equipment and
software...........................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
2004
2005
2006
2007
914.1
998.9
1,070.6
1,088.4
905.1
989.6
1,061.0
1,078.9
505.7
425.0
546.7
458.4
596.6
505.9
653.9
561.5
193.6
100.1
49.6
20.0
4.0
6.2
134.0
11.1
4.6
22.8
27.2
207.0
102.7
55.7
21.2
3.9
6.2
145.3
11.7
5.4
24.6
28.7
215.5
114.7
57.8
23.0
3.3
6.5
153.5
12.8
6.4
25.7
29.9
237.0
122.7
58.9
23.0
3.0
9.4
155.7
12.6
7.3
25.0
31.1
17
48.4
54.4
57.3
57.3
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
19.7
130.6
78.7
50.3
28.4
28.6
17.3
4.0
3.2
141.4
31.9
19.1
21.7
5.0
16.3
7.0
40.6
3.0
20.4
149.5
95.2
60.4
34.8
32.0
16.0
4.0
4.3
153.2
33.8
19.9
26.6
6.6
17.4
6.7
42.1
2.9
21.2
159.5
106.0
68.3
37.9
34.6
13.5
3.5
4.7
159.7
35.2
18.7
30.1
9.5
17.2
6.8
41.8
3.2
22.3
139.4
84.8
61.7
24.0
33.8
16.6
3.3
2.5
151.8
34.8
20.4
19.3
10.1
18.2
7.1
41.4
3.2
9.0
9.3
9.6
9.5
-9.6
-12.9
-30.0
-54.5
1. The quantity index for computers can be used to accurately measure the real growth rate of this compo
nent. However, because computers 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 5.5.2
and real growth rates are shown in table 5.5.1.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type
quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually
not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
n.e.c. Not elsewhere classified
124
Saving and Investment
August 2008
Table 5.6.5B. Change in Private Inventories by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
2005
2006
2007
2008
IV
Change in private inventories.....................
Farm.......................................................................
Mining, utilities, and construction...........................
Manufacturing........................................................
Durable goods industries...................................
Nondurable goods industries.............................
Wholesale trade............
Durable goods industries...................................
Nondurable goods industries.............................
Retail trade...................
Motor vehicle and parts dealers.......................
Food and beverage stores.................................
General merchandise stores.............................
Other retail stores..............................................
Other industries.....................................................
I
II
III
IV
I
II
III
IV
II
III
IV
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
58.6
43.3
49.3
-3 .6
63.4
82.6
19.4
11.0
60.3
53.1
65.9
62.5
15.8
-15 .6
-0 .9
23.0
-21.1
-25.6
-95.0
8.0
0.7
2.7
2.0
0.7
19.0
17.8
1.1
22.4
7.4
0.4
4.4
10.2
5.8
0.3
3.4
17.4
15.3
2.1
17.4
13.2
4.2
3.7
-2.7
-0.2
2.1
4.4
1.2
-3.9
6.5
15.0
8.0
7.0
17.0
11.2
5.8
10.5
-0.4
0.9
1.9
8.0
4.2
1.6
-1.1
-4.9
-0.2
-4.7
3.6
-1.7
5.4
-6.2
-8.6
0.9
-0.5
2.0
3.3
2.4
4.5
7.0
6.7
0.3
24.7
14.7
10.0
18.9
-6.6
-0.2
7.3
18.3
5.9
-3.8
4.2
41.8
29.5
12.2
29.6
20.7
8.9
9.3
-1.5
-0.1
6.8
4.1
1.7
-0.4
10.1
5.2
8.7
-3.5
16.5
11.1
5.4
-13.8
-20.6
-0.1
0.2
6.7
1.9
5.2
0.5
5.7
11.9
-6.3
2.3
0.3
2.0
-1.6
-2.8
-2.1
2.1
1.3
-1.1
0.3
-1.1
16.9
10.9
6.0
21.2
20.7
0.5
20.7
14.1
1.6
-0.6
5.6
2.4
1.0
-2.9
17.9
2.2
15.7
13.5
3.0
10.5
20.0
7.6
2.1
-3.6
13.9
3.6
-6.9
11.6
20.9
8.4
12.5
22.5
17.6
4.8
11.1
3.6
1.3
-2.0
8.1
6.7
-6.7
8.4
16.3
13.2
3.1
31.9
28.4
3.5
8.2
-4.6
0.4
7.2
5.2
4.5
-3.0
9.0
5.0
8.1
-3.1
0.2
-4.1
4.3
2.5
-8.0
-0.4
6.1
4.8
2.0
-2.1
5.7
-9.8
-0.8
-8.9
-2.0
4.2
-6.2
-13.2
-14.5
-1.0
2.0
0.3
5.8
2.9
1.2
-10.2
-14.1
3.9
1.4
-13.1
14.5
0.3
-3.8
1.4
-0.1
2.8
3.5
-0.2
-3.5
-2.5
-2.9
0.4
17.1
-2.0
19.0
10.4
10.6
2.0
-2.6
0.4
1.7
5.7
-7.7
3.0
16.9
-14.0
-2.0
3.9
-5.9
-22.4
-26.6
1.0
-1.1
4.3
2.3
0.2
-15.4
18.1
3.9
14.2
-8.0
6.4
-14.4
-20.8
-10.4
0.4
-3.1
-7.7
0.3
-5.1
-18.3
-48.2
-22.8
-25.4
-7.8
3.6
-11.4
-11.7
-14.0
0.9
3.1
-1.7
-3.9
16
17
18
19
20
21
22
23
24
25
26
58.6
35.2
23.4
50.5
107.5
-57.0
19.0
18.0
17.1
0.9
1.0
43.3
33.5
9.8
43.0
100.1
-57.1
17.4
14.6
11.2
3.4
2.8
49.3
20.3
29.0
53.3
91.0
-37.7
17.0
14.5
10.1
4.4
2.5
-3.6
-10.2
6.5
-5.2
54.4
-59.6
3.6
5.9
-1.2
7.1
-2.3
63.4
27.8
35.6
61.0
124.7
-63.7
24.7
26.9
16.7
10.2
-2.2
82.6
53.4
29.2
86.5
138.9
-52.5
29.6
17.9
12.5
5.4
11.7
19.4
8.3
11.1
19.8
49.9
-30.1
16.5
14.6
10.4
4.3
1.8
11.0
16.9
-5.9
5.8
66.3
-60.5
2.3
5.1
1.0
4.1
-2.9
60.3
55.5
4.8
60.0
145.2
-85.2
21.2
20.6
20.9
-0.3
0.5
53.1
17.1
36.0
52.1
74.8
-22.7
13.5
8.7
3.7
5.0
4.8
65.9
32.4
33.5
72.8
127.1
-54.3
22.5
23.2
18.3
4.9
-0.8
62.5
41.0
21.6
69.3
118.2
-49.0
31.9
25.6
21.1
4.5
6.3
15.8
-9.1
24.9
18.8
43.8
-25.0
0.2
0.4
-2.7
3.1
-0.2
-15.6
-5.9
-9.7
-13.5
42.8
-56.4
-2.0
-2.6
-0.8
-1.9
0.6
-0.9
-29.4
28.6
-3.8
65.8
-69.5
1.4
5.2
-8.0
13.2
-3.8
23.0
0.8
22.2
23.2
48.5
-25.3
17.1
18.9
0.6
18.3
-1.8
I
II
Addenda:
Change in private inventories............................
Durable goods industries...............................
Nondurable goods industries.........................
Nonfarm industries............................................
Nonfarm change in book value 1..................
Nonfarm inventory valuation adjustment2 ....
Wholesale trade.................................................
Merchant wholesale trade.............................
Durable goods industries...........................
Nondurable goods industries....................
Nonmerchant wholesale trade......................
-21.1 -25.6 -95.0
-6.1
-7.2 -45.4
-14.9 -18.4 -49.6
-26.7 -25.8 -89.9
60.6 111.0 106.7
-87.3 -136.8 -196.7
-2.0
-8.0
-7.8
2.2
-2.1
12.5
3.2
14.6
14.6
-2.1
-1.0 -16.7
-4.2
-5.9 -20.3
1. This series is derived from the Census Bureau series "current cost inventories.”
2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories 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).
Table 5.6.6B. Real Change in Private Inventories by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Change in private inventories.....................
Farm.......................................................................
Mining, utilities, and construction...........................
Manufacturing........................................................
Durable goods industries...................................
Nondurable goods industries.............................
Wholesale trade............
Durable goods industries...................................
Nondurable goods industries.............................
Retail trade...................
Motor vehicle and parts dealers.......................
Food and beverage stores.................................
General merchandise stores............................
Other retail stores..............................................
Other industries.....................................................
Residual.................................................................
2005
I
2006
II
III
IV
I
2007
II
III
IV
I
II
2008
III
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
54.3
38.9
42.3
-2.5
57.2
74.6
16.7
11.0
53.5
45.9
56.9
53.3
13.1
-15.0
-2 .8
16.0
-8.1
-10.2
-62.2
5.9
0.5
2.6
1.6
0.9
18.0
17.3
1.2
22.1
7.7
0.4
4.2
9.9
5.7
-1.0
0.2
2.3
15.2
13.9
1.8
15.9
12.5
3.7
3.6
-2.7
-0.2
2.0
4.2
1.1
0.1
-3.2
4.6
11.8
6.7
5.1
14.9
10.3
4.8
9.9
-0.4
0.7
1.8
7.3
3.8
0.8
1.0
-0.6
-3.5
0.0
-3.2
3.2
-1.5
4.0
-5.6
-8.6
0.7
-0.4
1.8
3.0
1.3
1.3
3.5
6.0
6.0
0.1
23.0
14.1
8.9
18.5
-6.7
-0.1
7.1
17.5
5.7
-0.2
-3.8
2.7
37.1
26.8
10.6
27.4
19.7
7.9
9.1
-1.5
0.0
6.5
3.9
1.5
0.3
-0.5
7.2
4.1
7.9
-3.3
15.0
10.5
4.6
-13.1
-20.8
-0.1
0.2
6.4
1.7
2.9
4.5
0.2
5.3
11.1
-4.9
2.3
0.2
1.9
-1.4
-2.9
-1.9
2.0
1.3
-0.9
0.4
0.7
-1.0
14.3
9.8
4.7
18.9
19.5
0.4
19.8
14.3
1.4
-0.6
5.2
2.2
-3.1
1.0
-1.9
14.4
1.9
11.7
11.9
2.8
8.5
18.9
7.6
1.8
-3.4
12.7
3.3
-0.1
-5.6
8.2
16.6
7.1
9.2
19.5
16.2
3.9
10.5
3.6
1.2
-1.9
7.4
6.1
1.5
-5.6
5.8
12.9
11.0
2.3
27.6
25.9
3.0
7.8
-4.6
0.3
6.8
4.8
4.0
-0.4
-2.7
6.4
3.5
6.7
-2.7
0.5
-3.7
3.6
2.4
-8.1
-0.4
5.8
4.4
1.9
1.9
-3.9
4.0
-7.2
-0.5
-6.4
-1.6
3.8
-4.8
-12.2
-14.7
-0.8
1.8
0.4
5.2
0.9
-0.1
0.8
-7.7
-11.2
2.8
1.4
-11.6
10.8
0.3
-3.8
1.1
-0.1
2.5
3.2
2.8
-2.5
-2.3
-2.2
-2.2
-0.2
14.3
-1.7
14.1
9.6
10.7
1.7
-2.4
0.4
1.5
-1.1
10.5
-5.0
2.9
13.8
-9.1
-1.5
3.5
-4.2
-20.2
-26.6
0.8
-1.0
3.9
2.1
3.2
6.0
-9.4
13.7
3.0
9.7
-5.1
5.6
-8.4
-18.5
-10.3
0.3
-2.8
-6.5
0.3
2.3
2.0
-10.1
-32.4
-16.7
-15.1
-5.5
3.2
-6.8
-10.3
-13.9
0.7
2.7
-1.3
-3.2
-3.7
17
18
19
20
21
22
23
24
25
54.3
34.1
20.8
48.2
18.0
17.1
16.6
0.9
0.9
38.9
31.7
8.5
39.1
15.9
13.4
10.6
3.1
2.4
42.3
18.3
23.8
46.3
14.9
12.9
9.2
3.8
2.0
-2.5
-8.7
5.3
-3.7
3.2
5.2
-1.0
5.5
-1.8
57.2
26.3
30.8
56.4
23.0
25.2
16.0
9.2
-2.0
74.6
50.6
25.1
79.5
27.4
16.6
11.8
4.9
10.3
16.7
8.0
8.7
17.4
15.0
13.5
9.8
3.8
1.5
11.0
16.3
-4.2
6.2
2.3
4.9
0.9
3.8
-2.4
53.5
52.0
4.5
53.2
18.9
18.8
19.7
-0.1
0.3
45.9
15.7
29.6
45.4
11.9
7.7
3.5
4.2
3.9
56.9
29.3
27.9
63.3
19.5
20.5
16.8
4.1
-0.6
53.3
36.5
17.8
59.9
27.6
22.6
19.1
4.0
4.9
13.1
-8.2
20.0
16.4
0.5
0.7
-2.4
2.8
-0.2
-15.0
-5.0
-9.9
-10.7
-1.6
-2.0
-0.6
-1.4
0.3
-2.8
-25.7
20.0
-2.6
1.4
4.7
-7.0
10.2
-3.0
16.0
0.9
14.2
19.2
14.3
16.1
0.6
14.0
-1.5
-8.1
-5.2
-3.2
-20.6
-1.5
2.0
2.9
-0.7
-3.2
-10.2
-6.1
-4.3
-17.9
-5.1
-0.5
12.8
-10.3
-4.1
-62.2
-37.2
-26.6
-66.6
-5.5
9.8
12.5
-1.1
-13.4
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......................
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
Chained (2000) 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 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 2008
Survey of Current Business
125
Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry
[Billions of dollars]
Seasonally adjusted quarterly totals
Line
2004
2005
IV
Private inventories 1 .......................................................
Farm.......................................................................................
Mining, utilities, and construction..........................................
Manufacturing.....................
Durable goods industries
Nondurable goods industries............................................
Wholesale trade.................
Durable goods industries
Nondurable goods industries............................................
Retail trade............................................................................
Motor vehicle and parts dealers........................................
Food and beverage stores
General merchandise stores.............................................
Other retail stores...........
Other industries.....................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
I
1,715.0
1,761.2
156.7
69.4
495.1
290.9
204.2
397.2
234.4
162.8
472.8
161.1
35.9
72.3
203.5
123.7
159.1
71.2
516.2
302.7
213.5
410.4
240.8
169.6
478.9
161.0
36.3
74.5
207.0
125.5
II
2006
III
2007
I
II
III
1,765.5 1,807.4 1,851.5
1,864.3
1,913.5
1,943.6
164.9
91.7
545.8
316.5
229.3
432.0
251.6
180.4
487.0
159.3
36.7
75.5
215.5
130.2
157.8
83.7
558.7
324.9
233.8
438.8
254.9
183.9
493.9
161.7
36.7
74.8
220.7
131.4
157.6
83.0
581.4
338.4
243.0
455.2
263.9
191.3
501.5
163.3
37.3
74.7
226.1
134.9
165.2
84.7
588.5
346.0
242.5
462.9
272.9
190.0
505.2
162.3
38.3
76.8
227.8
137.1
156.0
75.9
515.5
301.7
213.8
414.4
242.4
172.0
476.8
156.8
36.3
74.7
209.0
126.9
160.9
81.8
531.8
308.6
223.2
423.2
243.9
179.2
481.0
157.0
35.7
75.4
212.9
128.7
IV
IV
I
II
2008
III
IV
I
1,951.6 1,982.9 2,009.3 2,030.7 2,088.0 2,178.2
164.6
86.1
588.4
348.2
240.2
469.3
273.2
196.1
506.0
159.5
38.3
78.8
229.4
137.3
175.0
90.2
593.7
351.9
241.9
477.4
276.5
200.8
506.8
155.1
39.5
80.3
231.8
139.8
175.5
93.5
603.4
353.9
249.5
483.9
275.0
208.9
510.4
155.0
39.8
80.8
234.8
142.6
182.1
90.3
606.0
350.4
255.6
492.0
275.5
216.4
516.2
158.6
40.7
80.7
236.2
144.1
191.2
91.5
628.7
356.9
271.8
511.9
278.8
233.1
517.0
152.6
42.1
81.0
241.2
147.8
220.2
95.2
661.9
373.4
288.5
531.2
286.6
244.5
518.4
150.8
43.2
81.6
242.9
151.4
II
2,268.1
242.4
103.1
694.2
389.3
304.9
550.5
295.6
254.9
523.9
147.5
44.7
83.5
248.3
154.0
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......................................
Final sales of domestic business 2.............................
16 1,715.0 1,761.2 1,765.5 1,807.4 1,851.5 1,864.3 1,913.5 1,943.6 1,951.6 1,982.9 2,009.3 2,030.7 2,088.0 2,178.2 2,268.1
17 785.2 805.9 804.2 814.7 837.0 853.6 879.3 897.0 894.9 899.6 901.2 900.7 904.4 927.0 949.3
18 929.8 955.3 961.2 992.7 1,014.5 1,010.7 1,034.2 1,046.7 1,056.7 1,083.3 1,108.1 1,130.0 1,183.6 1,251.2 1,318.8
19 1,558.2 1,602.1 1,609.5 1,646.6 1,686.6 1,706.5 1,755.9 1,778.4 1,787.0 1,807.9 1,833.8 1,848.5 1,896.8 1,958.0 2,025.7
20 397.2 410.4 414.4 423.2 432.0 438.8 455.2 462.9 469.3 477.4 483.9 492.0 511.9 531.2 550.5
21 342.4 351.2 354.6 360.5 369.2 374.3 388.2 396.0 402.5 409.0 414.5 422.7 439.1 456.9 476.1
22 205.8 210.0 211.5 213.0 220.5 223.7 232.4 239.4 239.9 241.7 241.3 242.3 245.2 254.4 265.3
23 136.6 141.2 143.2 147.4 148.6 150.6 155.9 156.6 162.6 167.2 173.2 180.3 193.9 202.5 210.9
24
59.2
62.7
68.4
54.8
59.8
62.8
64.5
66.9
67.0
69.4
74.3
66.8
69.3
72.8
74.3
25 678.6 688.9 702.6 716.9 723.2 738.9 747.7 753.1
772.4
763.6
784.8
795.4
800.9
804.1
812.3
Final sales of goods and structures of domestic
business2.....................................................................
26
413.4
419.1
429.7
438.5
438.9
451.9
456.7
457.8
461.7
465.4
472.6
476.6
477.6
476.4
479.2
27
28
29
2.53
2.30
3.77
2.56
2.33
3.82
2.51
2.29
3.75
2.52
2.30
3.76
2.56
2.33
3.84
2.52
2.31
3.78
2.56
2.35
3.85
2.58
2.36
3.88
2.56
2.34
3.87
2.57
2.34
3.88
2.56
2.34
3.88
2.55
2.32
3.88
2.61
2.37
3.97
2.71
2.44
4.11
2.79
2.49
4.23
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. 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 private inventories component of GDR 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 output of general government, gross value added of nonprofit institutions, compensation paid to domestic
workers, and space rent for owner-occupied housing. 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).
Saving and Investment
126
August 2008
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted quarterly totals
Line
2004
IV
Private inventories 1 .......................................................
Farm.......................................
Mining, utilities, and construction..........................................
Manufacturing........................
Durable goods Industries....
Nondurable goods industries.............................................
Wholesale trade....................
Durable goods industries....
Nondurable goods industries.............................................
Retail trade............................
Motor vehicle and parts dealers........................................
Food and beverage stores..
General merchandise stores.............................................
Other retail stores..............................................................
Other industries.....................................................................
Residual.................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1,570.0
130.3
53.9
440.1
265.9
174.2
367.6
224.5
143.4
458.6
164.2
32.1
69.8
193.2
119.5
-1.0
2005
I
II
1,595.5
1,588.6 1,592.8
129.3
54.6
449.4
272.6
176.8
374.4
229.5
145.4
460.9
163.8
32.0
71.5
194.2
119.9
-1.0
2006
III
129.2
56.4
450.4
274.5
176.0
378.2
232.1
146.6
457.6
158.6
32.0
71.5
195.8
120.4
-0.3
130.3
56.4
451.7
277.3
174.8
378.8
232.2
147.0
457.2
157.9
31.6
72.0
196.1
120.1
-0.2
IV
I
1,608.9 1,620.4
130.5
56.2
455.3
279.7
175.9
383.5
237.0
147.2
462.2
161.5
31.9
71.9
197.4
120.7
-1.0
130.7
55.7
458.9
280.2
178.9
386.5
237.7
149.3
466.9
163.4
32.4
71.0
200.6
121.5
-1.0
2007
2008
II
III
IV
I
II
III
IV
I
II
1,634.6
1,647.9
1,651.2
1,647.5
1,646.7
1,650.7
1,648.7
1,646.2
1,630.6
129.3
57.8
463.0
282.0
181.2
391.4
241.8
150.3
469.5
164.3
32.6
70.5
202.4
123.0
-0.6
127.9
59.2
466.2
284.7
181.7
398.3
248.3
151.0
471.5
163.1
32.7
72.2
203.6
124.1
-0.6
127.3
60.8
467.1
286.4
181.0
398.4
247.3
151.9
472.1
161.1
32.6
73.7
204.7
124.5
-0.1
126.3
61.8
465.3
286.3
179.5
398.0
248.3
150.7
469.0
157.4
32.4
74.1
204.8
125.8
0.1
126.3
62.0
463.4
283.5
180.2
398.3
245.4
153.4
469.1
156.5
32.7
74.1
205.4
126.6
0.6
125.6
61.4
462.8
282.9
180.1
401.9
245.0
157.0
471.5
159.2
33.1
73.5
205.5
127.0
0.4
128.3
60.2
463.6
286.4
177.8
401.5
245.8
155.9
466.4
152.5
33.3
73.3
206.5
127.5
1.2
129.8
57.8
467.0
287.1
180.3
400.3
247.2
153.8
461.8
149.9
33.4
72.6
204.8
127.6
1.9
130.3
55.3
458.9
283.0
176.5
398.9
248.0
152.1
459.2
146.4
33.6
73.3
204.5
126.8
0.8
Addenda:
Final sales of domestic business 2 ............................
17 1,570.0 1,588.6 1,592.8 1,595.5 1,608.9 1,620.4 1,634.6 1,647.9 1,651.2 1,647.5 1,646.7 1,650.7 1,648.7 1,646.2 1,630.6
18 747.7 760.4 762.4 766.4 779.4 783.4 790.7 799.8 797.8 796.5 790.1 790.3 789.0 787.5 778.2
19 823.1 829.3 831.5 830.5 831.6 839.0 845.9 850.4 855.4 852.9 857.9 861.5 860.7 859.6 852.9
20 1,439.8 1,459.6 1,464.0 1,465.5 1,478.8 1,490.2 1,506.0 1,521.0 1,525.1 1,522.4 1,521.8 1,526.6 1,521.4 1,516.9 1,500.3
21 367.6 374.4 378.2 378.8 383.5 386.5 391.4 398.3 398.4 398.0 398.3 401.9 401.5 400.3 398.9
22 318.9 323.0 326.4 327.6 332.3 334.2 339.4 345.0 345.2 344.7 345.8 349.9 350.4 350.2 352.7
216.5 216.4 214.6 214.7 215.5 218.7 221.8
23 196.7 199.7 202.1 202.3 207.3 208.1 212.3 217.1
24 122.4 123.6 124.6 125.5 125.5 126.5 127.6 128.6 129.3 128.9 131.5 135.0 134.8 132.2 131.9
48.7
51.3
51.7
51.1
51.2
52.2
52.0
53.2
53.2
53.3
52.5
52.2
51.4
50.4
25
47.0
26 630.9 635.1
645.4
652.5
652.4
661.8
666.4
667.2
673.5
693.4
675.1
683.8
691.6
693.1
701.6
Final sales of goods and structures of domestic
business 2.....................................................................
27
391.2
393.7
403.4
407.7
405.8
414.5
417.0
416.0
417.8
417.3
424.1
428.4
428.4
426.5
433.5
28
29
30
2.49
2.28
3.68
2.50
2.30
3.71
2.47
2.27
3.63
2.45
2.25
3.59
2.47
2.27
3.64
2.45
2.25
3.60
2.45
2.26
3.61
2.47
2.28
3.66
2.45
2.26
3.65
2.44
2.26
3.65
2.41
2.23
3.59
2.39
2.21
3.56
2.38
2.20
3.55
2.37
2.19
3.56
2.32
2.14
3.46
Private inventories.............................................................
Durable goods industries..............................................
Nondurable goods industries........................................
Nonfarm industries............
Wholesale trade................
Merchant wholesale trade.............................................
Durable goods industries..........................................
Nondurable goods industries....................................
Nonmerchant wholesale trade......................................
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. 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 output of general government, gross value added of nonprofit institutions, compensation paid to domestic
workers, and space rent for owner-occupied housing. 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 (2000) dollar inventory series are calculated to ensure that the chained (2000) dollar change in inventories for 2000 equals the current-dollar change in inventories for 2000 and that the average of the 1999 and 2000
end-of-year chain-weighted and fixed-weighted inventories are equal.
Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
IV
Private inventories 1 .......................................................
Farm.......................................................................................
Mining, utilities, and construction..........................................
Manufacturing.........................................................................
Durable goods industries...................................................
Nondurable goods industries.............................................
Wholesale trade....................................................................
Durable goods industries....
Nondurable goods industries.............................................
Retail trade.............................
Motor vehicle and parts dealers........................................
Food and beverage stores..
General merchandise stores.............................................
Other retail stores..............................................................
Other industries.....................................................................
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
120.319
128.890
112.497
109.410
117.246
108.057
104.403
113.492
103.094
98.073
112.099
103.556
105.313
103.473
123.003
130.487
114.879
111.056
120.754
109.598
104.932
116.625
103.907
98.299
113.333
104.278
106.589
104.618
120.706
134.675
114.461
109.915
121.457
109.580
104.437
117.371
104.203
98.849
113.354
104.534
106.738
105.401
123.426
145.071
117.741
111.284
127.735
111.720
105.073
121.887
105.194
99.406
113.121
104.709
108.577
107.167
126.342
163.214
119.891
113.152
130.326
112.642
106.135
122.590
105.371
98.665
115.083
105.021
109.165
107.855
120.695
150.294
121.755
115.934
130.726
113.534
107.202
123.199
105.790
98.958
113.293
105.396
110.059
108.098
121.885
143.629
125.570
120.019
134.106
116.305
109.124
127.317
106.806
99.394
114.396
105.940
111.695
109.611
129.165
142.981
126.221
121.513
133.430
116.234
109.917
125.842
107.154
99.458
116.908
106.347
111.902
110.555
129.305
141.596
125.964
121.566
132.672
117.797
110.448
129.084
107.180
98.975
117.289
106.994
112.054
110.258
138.530
145.945
127.599
122.913
134.779
119.947
111.376
133.239
108.057
98.538
121.874
108.319
113.197
111.123
138.997
150.851
130.218
124.845
138.498
121.480
112.077
136.135
108.808
99.045
121.470
109.066
114.317
112.585
144.969
146.912
130.930
123.840
141.926
122.403
112.486
137.890
109.491
99.634
122.791
109.775
114.959
113.478
149.068
152.031
135.620
124.625
152.835
127.474
113.402
149.499
110.842
100.057
126.304
110.609
116.847
115.881
169.647
164.593
141.740
130.063
160.029
132.696
115.925
158.996
112.258
100.562
129.248
112.391
118.560
118.630
186.069
186.466
151.269
137.577
172.752
138.001
119.174
167.596
114.094
100.748
132.896
113.982
121.393
121.419
16
17
18
19
20
21
22
23
24
109.235
105.012
112.964
108.227
108.057
107.383
104.624
111.594
112.465
110.863
105.983
115.191
109.760
109.598
108.726
105.151
114.255
115.308
110.840
105.489
115.603
109.939
109.580
108.656
104.636
114.911
115.657
113.278
106.298
119.537
112.352
111.720
110.027
105.289
117.448
122.722
115.078
107.384
121.999
114.053
112.642
111.090
106.383
118.463
122.777
115.051
108.966
120.466
114.515
113.534
111.985
107.466
119.041
123.657
117.059
111.212
122.249
116.589
116.305
114.402
109.434
122.190
128.713
117.943
112.147
123.083
116.924
116.234
114.777
110.241
121.834
125.751
118.191
112.179
123.532
117.175
117.797
116.596
110.778
125.798
125.654
120.360
112.941
127.013
118.754
119.947
118.658
111.732
129.732
128.369
122.017
114.060
129.170
120.506
121.480
119.857
112.438
131.768
132.082
123.016
113.968
131.173
121.091
122.403
120.809
112.849
133.617
132.806
126.644
114.630
137.519
124.674
127.474
125.316
113.778
143.859
141.673
132.316
117.709
145.562
129.077
132.696
130.449
116.338
153.162
147.483
139.093
121.983
154.622
135.022
138.001
135.005
119.615
159.821
158.146
109.235 110.863 110.840 113.278 115.078 115.051 117.059 117.943 118.191 120.360 122.017 123.016 126.644 132.316 139.093
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......................................
1. Implicit price deflators are as of the end of the quarter and are consistent with inventory stocks.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
August 2008
Survey of Current Business
127
Table 5.8.3B. Real Gross Government Fixed Investment by Type,
Quantity Indexes
Table 5.8.4B. Price Indexes for Gross Government Fixed Investment
by Type
[Index numbers, 2000=100]
[Index numbers, 2000=100]
2004
2005
2006
2007
113.642
114.282
116.662
120.192
Gross government fixed
investm ent1..................................
128.247
134.783
145.892
147.570
Federal............................................
139.305
110.827
146.905
115.683
157.208
128.081
159.765
128.357
National defense......................
Nondefense..............................
108.859
107.662
107.447
111.471
State and local..............................
107.864
104.699
103.300
107.222
Structures 2.....................................................
98.308
85.497
90.833
97.565
Federal.........................................................
96.933
96.925
103.150
192.796
87.265
94.873
94.861
98.478
178.966
87.167
93.490
93.474
89.847
156.938
90.178
105.467
105.438
100.073
97.410
108.647
National defense...................................
New..................................................
Residential....................................
Industrial.......................................
Military facilities 3.........................
14
99.033
15 102.102
1fi
17 136.688
18 156.261
19
73.565
20 178.411
21
23.962
22
36.455
92.077
23
24 1,121.023
25 111.925
26 103.702
27
89.460
?fl
29 108.588
30 108.421
31
114.667
32 115.910
33 113.980
34 127.113
35 113.191
75.212
36
37
90.265
38 106.504
39 124.204
40
99.779
41
133.353
42 124.058
43
78.030
44 120.507
45 114.279
46 124.496
47 134.864
48 144.428
49 163.812
50 144.666
51
136.541
52 149.447
53 125.481
54 150.590
55 116.032
56 110.200
79.703
89.831
89.113
84.911
92.648
80.842
100.687
127.634
78.433
56.941
14.394
27.152
37.825
930.172
78.434
107.601
193.878
81.459
116.944
71.648
59.408
11.071
17.429
32.915
842.705
60.468
119.552
199.802
86.308
109.624
90.198
72.336
14.177
22.092
47.393
449.314
71.931
110.920
141.322
Nondefense..........................................
New..................................................
Residential....................................
Office............................................
Commercial..................................
Health care...................................
Educational...................................
Public safety.................................
Amusement and recreation.........
Transportation...............................
Power............................................
Highways and streets..................
Conservation and development....
Other4..........................................
106.150
104.247
107.965
State and local...........................................
106.556
110.828
108.887
130.000
133.429
113.812
71.295
92.178
94.834
131.258
97.444
138.243
124.335
78.986
80.031
88.730
104.691
75.218
79.384
101.429
109.128
118.367
56.102
83.936
74.818
152.858
96.594
183.488
149.832
65.783
120.699
85.310
108.199
87.147
86.993
100.102
130.378
123.090
69.435
102.369
80.260
209.736
89.631
190.460
144.200
74.594
300.140
97.869
New.......................................................
Residential........................................
Office................................................
Commercial......................................
Health care.......................................
Educational.......................................
Public safety.....................................
Amusement and recreation.............
Transportation...................................
Power................................................
Highways and streets......................
Sewer systems.................................
Water systems..................................
Conservation and development.......
Other5..............................................
Net purchases of used structures........
Line
Gross government fixed
investm ent1 ..................................
Federal............................................
National defense......................
Nondefense..............................
State and local..............................
Structures 2 .....................................................
Federal.........................................................
National defense...................................
New...................................................
Residential....................................
Industrial.......................................
Military facilities 3.........................
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....
Other4..........................................
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.......
Other5..............................................
Net purchases of used structures........
Equipment and software 2...........................
F ederal.........................................................
National defense..................................
Aircraft...............................................
Missiles.............................................
Ships.................................................
Vehicles.............................................
Electronics and software..................
Other equipment..............................
Nondefense...........................................
State and local............................................
1
2
3
4
5
6
7
8
9
10
11
12
n
132.956
143.703
146.140
Equipment and software 2 ..........................
146.141
158.638
158.877
Federal.........................................................
153.330
205.649
141.338
125.880
214.480
142.287
145.839
132.236
165.275
208.769
161.777
126.521
280.616
159.991
156.208
145.967
166.336
196.590
150.912
118.700
338.161
187.839
148.332
144.470
National defense...................................
Aircraft
Missiles
Ships...
Vehicles............................................
Electronics and software.................
Other equipment..............................
Nondefense..........................................
114.716
123.013
128.636
Addenda:
Government enterprise gross fixed
investment..............................................
Federal....................................................
Structures..........................................
Equipment and software..................
State and local.......................................
Structures..........................................
Equipment and software..................
State and lo c a l...........................................
1
2
3
4
5
6
7
8
9
10
11
12
1H
14
15
1fi
17
18
19
20
21
22
23
24
25
26
27
?R
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
2004
2005
2006
2007
107.732
114.309
120.099
126.461
99.954
101.951
103.802
105.078
99.711
100.268
101.656
102.368
103.657
103.916
105.255
104.556
110.597
119.114
126.675
135.383
115.258
126.176
136.245
147.467
115.288
125.348
134.408
141.487
116.890
116.889
123.161
116.192
113.827
126.854
126.853
131.441
125.572
124.552
136.094
136.094
136.944
135.889
135.015
143.122
143.123
137.180
144.238
144.224
114.465
114.375
124.592
124.201
133.556
133.108
140.686
140.251
115.812
115.753
115.736
115.317
115.576
115.569
113.425
113.578
112.653
111.983
114.702
127.262
124.651
125.026
124.277
125.065
124.979
128.392
120.378
129.048
121.099
122.247
140.499
134.569
134.522
132.914
134.323
134.507
143.576
128.861
141.506
128.453
126.540
148.171
140.041
140.374
143.533
140.568
140.249
161.971
134.164
162.233
134.130
132.175
115.253
126.226
136.359
147.857
115.128
123.668
115.324
116.312
116.375
115.169
116.342
116.240
115.962
114.580
113.483
115.914
115.918
112.390
121.273
121.663
126.133
132.930
127.160
125.984
126.126
124.296
126.020
126.088
126.789
121.658
128.660
123.229
123.190
121.535
131.054
131.258
136.280
141.180
139.940
136.393
136.502
132.457
136.510
136.581
138.712
130.041
142.538
128.338
128.342
128.691
141.197
140.675
147.931
142.507
148.683
142.574
142.611
141.702
142.612
142.623
155.032
140.088
161.751
135.508
135.370
134.436
142.520
144.704
97.122
95.840
96.435
96.777
97.261
98.185
99.179
99.751
98.182
87.023
101.118
111.442
98.505
90.752
102.486
95.053
99.539
84.753
103.393
118.407
98.574
89.256
105.774
94.944
101.047
83.937
103.750
128.660
97.210
88.665
107.877
94.779
102.270
83.714
105.554
134.873
101.514
87.256
109.422
93.892
93.753
93.795
93.009
92.969
111.572
133.471
Addenda:
6/
58
59
60
61
62
63
122.479
Government enterprise gross fixed
investment..............................................
103.657
96.503
Federal....................................................
74.137
123.930
62.575
120.760
Structures.........................................
Equipment and software..................
115.506
117.378
125.762
State and loca l......................................
111.921
139.954
112.211
154.582
120.828
160.452
Structures.........................................
Equipment and software..................
118.794
113.865
115.589
96.130
103.231
82.926
104.709
70.215
126.270
121.813
118.111
146.995
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing.
5. Consists of lodging, communication, and manufacturing.
Line
5/
58
59
60
61
62
63
119.662
126.012
99.172
101.613
104.029
105.176
112.759
92.054
121.346
92.074
130.321
92.236
136.160
91.836
112.827
121.536
128.332
136.473
115.384
98.434
125.483
100.031
133.583
100.443
143.224
101.404
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing.
5. Consists of lodging, communication, and manufacturing.
August 2008
Saving and Investment
128
Table 5.8.6B. Real Gross Government Fixed Investment by Type,
Chained Dollars
Table 5.8.5B. Gross Government Fixed Investment by Type
[Billions of dollars]
Line
Gross government fixed investm ent1 ..........
Federal..............................................................
National defense.......................................
Nondefense...............................................
State a n d local................................................
Structures 2.......................................................................
Federal...........................................................................
National defense...................................................
New....................................................................
Residential....................................................
Industrial.......................................................
Military facilities 3..........................................
Net purchases of used structures....................
Nondefense...........................................................
New...................................................................
Office.............................................................
Commercial...................................................
Health care....................................................
Educational...................................................
Public safety..................................................
Amusement and recreation..........................
Transportation...............................................
Power............................................................
Highways and streets....................................
Conservation and development....................
Other4..........................................................
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........................
Other5..............................................................
Net purchases of used structures........................
Equipment and software 2.............................................
Federal...........................................................................
National defense...................................................
Aircraft...............................................................
Missiles.............................................................
Ships.................................................................
Vehicles.............................................................
Electronics and software...................................
Other equipment...............................................
Nondefense...........................................................
State and local..............................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1fi
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
2004
2005
2006
Federal......................................................................
Structures.....................
Equipment and software...................................
State and local................
Structures.....................
Equipment and software...................................
397.8
426.7
462.8
101.9
109.2
120.3
123.2
67.8
34.1
72.9
36.3
79.5
40.8
82.1
41.1
270.9
288.6
306.3
339.6
National defense.........................................
Nondefense................................................
235.4
250.1
266.5
299.4
State and loca l.................................................
15.1
14.2
16.2
18.4
5.6
5.6
1.6
0.6
3.4
0.0
9.4
11.1
6.0
6.0
1.6
0.6
3.7
0.0
8.3
10.6
6.3
6.3
1.5
0.6
4.2
0.0
9.9
10.7
7.5
7.5
1.7
0.4
5.4
0.0
10.9
10.8
Structures 2........................................................................
2.5
1.4
0.7
0.8
0.5
0.3
0.4
0.9
0.7
2.4
0.7
-1.7
2.0
1.2
0.8
0.3
0.3
0.2
0.2
0.8
0.6
2.7
1.6
-2.3
1.8
1.2
0.7
0.3
0.2
0.1
0.2
0.8
0.5
3.1
1.7
-0.8
2.0
1.2
1.0
0.4
0.3
0.2
0.3
0.4
0.7
3.0
1.3
0.1
220.3
235.9
250.2
281.0
214.7
6.0
20.6
0.3
4.5
59.6
4.0
6.5
18.7
5.5
60.1
13.7
12.2
2.4
0.4
5.6
231.1
6.3
21.3
0.4
5.1
64.7
4.1
7.2
18.2
6.2
66.5
15.1
13.0
2.7
0.3
4.7
245.4
4.5
17.1
0.3
4.5
71.7
3.5
7.1
15.7
7.7
73.1
20.9
16.3
2.3
0.5
4.9
275.3
5.3
19.9
0.3
5.7
79.7
4.6
9.0
18.8
11.4
76.9
22.9
16.6
2.8
1.3
5.8
137.4
147.7
160.2
163.5
86.8
94.9
104.1
104.9
bb
62.2
11.1
3.9
10.0
2.7
11.5
23.0
24.6
66.9
13.5
3.9
9.8
3.9
12.8
22.9
28.0
73.2
13.6
4.5
10.7
5.0
14.3
25.1
30.9
74.6
12.8
4.3
10.5
6.3
16.6
24.1
30.3
56
50.6
52.7
56.1
58.6
57
58
59
60
61
62
63
79.1
82.4
88.1
7.0
Residual...........................................................................
6.6
7.3
7.5
7.0
2.4
4.2
2.2
5.1
2.5
5.0
2.2
4.9
72.5
75.1
80.6
0.0
62.0
10.5
65.7
9.4
70.7
9.9
0.0
0.0
2004
2005
2006
2007
Addenda:
3/
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
Gross government fixed investm ent1............
Federal................................................................
Federal.............................................................................
National defense.....................................................
New...........
Residential......................................................
Industrial.........................................................
Military facilities 3............................................
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......................
Other4............................................................
Net purchases of used structures......................
State and lo c a l...............................................................
New.........................................................................
Residential.
Office
Commercial
Health care
Educational
Public safety........................................................
Amusement and recreation.................................
Transportation.....................................................
Power
Highways and streets..........................................
Sewer systems...................................................
Water systems....................................................
Conservation and development.........................
Other5................................................................
Net purchases of used structures...........................
Equipment and software 2 ..............................................
Federal.............................................................................
National defense.....................................................
Aircraft................................................................
Missiles...............................................................
Ships...................................................................
Vehicles..............................................................
Electronics and software.....................................
Other equipment.................................................
Nondefense............................................................
State and lo c a l...............................................................
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing.
5. Consists of lodging, communication, and manufacturing.
Line
372.8
Addenda:
Government enterprise gross fixed investment ...
[Billions of chained (2000) dollars]
2007
Government enterprise gross fixed investment....
Federal........................................................................
Structures...........................................................
Equipment and software.....................................
State and lo ca l..........................................................
Structures...........................................................
Equipment and software.....................................
1 346.1
2 101.9
3
68.0
4
34.0
5 245.0
6 204.2
7
13.1
8
4.8
4.8
9
10
1.3
11
0.5
12
3.0
13
0.0
14
8.2
9.7
15
16 ...........
17
2.2
1.2
18
19
0.6
0.7
20
21
0.4
22
0.2
23
0.4
24
0.8
25
0.6
2.1
26
27
0.6
28
-1.4
191.2
29
30
186.5
31
4.9
32
17.9
33
0.3
34
3.9
51.7
35
3.5
36
37
5.6
38
16.1
39
4.8
40
52.9
41
11.8
42
10.5
2.2
43
0.4
44
45
4.6
143.4
46
47
89.2
48
63.3
49
12.7
50
3.9
9.0
51
52
2.7
12.7
53
54
22.4
55
25.9
56
54.0
57
-1.5
58
59
60
61
62
63
64
348.0
355.3
366.0
107.1
115.9
117.3
71.7
35.5
76.7
39.3
78.0
39.3
242.3
241.8
250.9
198.2
195.6
203.0
11.4
12.1
13.0
4.7
4.7
1.2
0.5
3.0
0.0
6.6
8.5
4.6
4.6
8’l
5.2
5.2
1.3
0.3
3.7
0.0
7.7
7.7
1.6 ....... i.3
1.0
0.9
0.6
0.6
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.7
0.6
0.5
0.3
2.2
2.4
1.3
1.4
-1.9
-0.6
1.4
0.8
0.7
0.3
0.2
0.1
0.2
0.3
0.4
2.3
1.0
0.1
186.9
183.5
190.1
183.2
4.7
16.8
0.3
4.1
52.0
3.3
5.7
14.3
5.1
51.7
12.3
10.6
2.2
0.2
3.6
180.0
3.2
12.2
0.2
3.3
54.1
2.6
5.2
11.3
5.9
51.3
16.3
12.7
1.8
0.4
3.5
186.1
3.7
13.4
0.2
4.0
56.3
3.2
6.3
12.1
8.2
47.6
16.9
12.2
2.1
0.9
4.0
153.1
165.5
168.3
96.7
105.0
105.1
67.2
16.0
3.8
8.3
3.9
14.4
21.7
29.5
72.5
16.2
4.4
8.3
5.1
16.2
23.2
32.6
72.9
15.2
4.1
7.8
6.2
19.0
22.1
32.3
0.4
3.1
0.0
56.2
60.3
63.1
-4.1
-7.1
-8.0
70.9
68.0
69.0
73.1
6.7
7.2
7.2
6.7
2.1
4.6
1.8
5.6
1.9
5.5
1.6
5.3
64.3
60.9
61.9
66.4
53.7
10.7
50.9
10.2
51.1
11.2
55.0
11.6
1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing.
5. Consists of lodging, communication, and manufacturing.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type
quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually
not additive. The residual line is the difference between the first line and the sum of the most detailed lines,
excluding the lines in the addenda.
August 2008
Survey of Current Business
129
Table 5.10. Capital Transfers (Net)
[Billions of dollars]
Line
Capital transfers received by government (net)......................................................................................
Federal..........................................................................................................................................................
Estate and gift taxes paid by persons...........................
Less: Capital transfers paid to persons 1........................................................................................
Less: Capital transfers paid to the rest of the world (net)2............................................................
Less: Federal investment grants to State and local governments 3...............................................
Less: Investment grants to business 4............................................................................................
State and lo c a l......................................................................
Estate and gift taxes paid by persons.............................................................................................
Federal investment grants to State and local governments3........................................................
Capital transfers received by the rest of the world (net) ..
Capital transfers received from U.S. government (net)......................................................................
Less: Migrants’ transfers received by persons (net)5........................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
2004
2005
2006
2007
13.6
12.0
14.8
2.7
-38 .4
-42.2
-42 .4
-56.0
24.6
16.1
0.7
46.3
0.0
25.0
15.9
2.3
48.9
0.1
27.8
16.4
1.7
52.1
0.0
26.5
28.7
0.1
53.6
0.0
52.1
54.2
57.2
58.7
5.8
46.3
5.3
48.9
5.1
52.1
5.1
53.6
2.4
4.1
3.8
2.3
0.7
-1.7
2.3
-1.8
1.7
-2.1
0.1
-2.2
1. Beginning with October 2002, consists of payments to the Uniformed Services Retiree Health Care Fund to amortize the unfunded liability.
2. Consists of forgiveness of debts owed by foreign governments to the U.S. Government, and the December 1999 transfer to the Republic of Panama of the U.S. Government’s assets in the Panama
Canal Commission.
3. Consists of federal government investment grants for highways, transit, air and water transportation, and water treatment plants.
4. Consists of maritime construction subsidies paid by the federal government.
5. Consists of immigrants’ transfers from the rest of the world, net of emigrants’ transfers to the rest of the world.
August 2008
130
6.
In c o m e a n d
E m p lo y m e n t b y In d u s tr y
Table 6.1D National Income Without Capital Consumption Adjustment by Industry
.
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
National income
without capital
consumption
adjustment..............
Domestic industries...............
Private industries...............
Agriculture, forestry,
fishing, and hunting......
Mining................................
Utilities...............................
Construction.....................
Manufacturing...................
Durable goods..............
Nondurable goods........
Wholesale trade................
Retail trade.......................
Transportation and
warehousing
Information........................
Finance, insurance, real
estate, rental, and
leasing..........................
Professional and business
services1.....................
Educational services,
health care, and social
assistance....................
Arts, entertainment,
recreation,
accommodation, and
food services................
Other services, except
government..................
Government........................
Rest of the world.....................
1
2
3
II
III
IV
I
II
III
IV
I
II
2008
III
IV
I
10,128.8 11,048.5 11,875.1 12,362.4 10,405.1 10,866.1 11,003.2 10,922.2 11,402.4 11,673.0 11,813.6 11,934.6 12,079.2 12,167.2 12,320.5 12,433.7 12,528.4 12,367.5
10,052.6 10,955.5 11,796.9 12,260.0 10,352.4 10,763.5 10,911.0 10,819.2 11,328.1 11,593.5 11,728.4 11,868.1 11,997.4 12,094.8 12,260.8 12,321.5 12,363.0 12,229.3
8,791.1
9,639.0 10,415.7 10,806.5
9,075.1
9,457.3
9,599.9
9,507.7
9,991.0 10,232.7 10,359.0 10,479.6 10,591.5 10,666.8 10,817.0 10,857.6 10,884.5 10,728.6
82.2
94.9
93.8
89.3
91.3
89.8
84.2
79.5
74.8
134.2
151.2
151.2
192.3
192.7
202.7
199.2
144.8
185.9
191.2
201.7
212.3
213.2
168.2
162.4
165.9
169.9
183.3
665.7
572.2
633.4
661.3
639.3
614.0
556.0
593.6
608.1
1,254.4 1,315.4 1,324.0 1,338.0 1,368.5 1,434.6 1,460.1 1,487.0 1,465.6
825.0
699.0
755.1
764.9
775.7
813.3
801.2
835.6
739.0
555.4
621.4
662.0
630.0
576.4
568.9
573.1
592.8
658.9
722.7
762.3
750.4
694.7
679.8
710.1
721.5
645.0
668.0
879.1
886.2
898.4
776.6
804.9
832.9
867.2
875.8
841.5
95.7
4
124.1
5
6
161.6
7
523.6
B 1,214.2
678.6
9
535.7
10
11
631.9
12
764.3
88.7
158.3
171.0
601.8
1,336.5
758.7
577.8
688.1
836.6
82.9
196.7
204.6
645.1
1,461.8
818.8
643.1
739.2
884.9
117.4
204.9
216.3
563.5
1,489.6
839.8
649.8
765.2
908.0
290.7
361.8
319.9
417.5
346.4
438.0
361.5
463.4
293.8
375.0
13
14
I
2007
2006
2005
311.3
400.8
317.8
419.3
319.5
419.9
330.8
429.9
339.0
436.2
346.0
433.3
347.0
442.6
111.2
187.0
211.9
592.1
1,485.7
837.0
648.7
760.4
901.7
115.5
207.4
211.8
564.7
1,520.9
834.5
686.4
772.2
920.2
121.4
212.8
217.2
555.7
1,476.3
842.7
633.6
773.5
902.4
121.4
212.5
224.3
541.5
1,475.4
845.1
630.3
754.6
907.9
112.4
217.7
207.1
528.0
1,425.4
804.2
621.2
728.6
894.4
353.4
440.0
354.1
454.7
368.3
441.5
364.2
472.4
359.2
485.1
344.8
473.3
15
1,780.4
1,926.5 2,092.3 2,193.0
1,852.2
1,957.9
1,932.7
1,792.2 2,023.3 2,040.0
2,089.0 2,077.2 2,163.1
2,151.7
2,212.1
2,208.1
2,200.2 2,160.7
16
1,336.4
1,482.5
1,611.2
1,717.3
1,395.1
1,449.5
1,453.0
1,501.1
1,526.5
1,571.3
1,590.0
1,625.1
1,658.2
1,695.0
1,694.0
1,736.8
1,743.4
1,789.5
17
880.1
941.4
1,001.5
1,060.1
900.0
922.4
940.6
942.4
960.0
980.0
1,003.1
1,003.4 1,019.3
1,025.8
1,046.2
1,067.5
1,101.1
1,098.4
449.1
18
369.4
398.8
428.3
449.9
372.0
385.6
398.8
398.4
412.6
422.9
427.6
428.6
434.1
443.1
448.5
452.3
455.6
19
20
21
256.8
271.4
282.9
296.4
261.2
267.0
271.5
271.8
275.2
278.0
282.3
283.6
287.8
292.4
293.8
297.0
302.5
299.4
1,261.5
1,316.5
1,381.2
1,453.6
1,277.3
1,306.2
1,311.1
1,311.6
1,337.1
1,360.8
1,369.4
1,388.5
1,405.9
1,428.0
1,443.9
1,463.9
1,478.5
1,500.7
76.2
93.0
78.3
102.4
52.7
102.6
92.2
103.0
74.2
79.5
85.2
66.5
81.8
72.4
59.7
112.2
165.4
138.2
1. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
Survey of Current Business
131
Table 6.2D. Compensation of Employees by Industry
[Millions of dollars]
Line
Compensation of employees...............
Domestic industries.............................................
Private industries.............................................
Agriculture, forestry, fishing, and
hunting.......................................................
Farms 1...................................................
Forestry, fishing, and related activities....
M ining............................................................
Oil and gas extraction............................
Mining, except oil and gas......................
Support activities for mining...................
Utilities...........................................................
Construction.................................................
Manufacturing..............................................
Durable goods........................................
Wood products....................................
Nonmetallic mineral products.............
Primary metals....................................
Fabricated metal products..................
Machinery...........................................
Computer and electronic products,
Electrical equipment, appliances, and
components....................................
Motor vehicles, bodies and trailers,
and parts.........................................
Other transportation equipment.........
Furniture and related products...........
Miscellaneous manufacturing............
Nondurable goods...................................
Food and beverage and tobacco
products..........................................
Textile mills and textile product mills...
Apparel and leather and allied
products..........................................
Paper products....................................
Printing and related support activities
Petroleum and coal products.............
Chemical products.............................
Plastics and rubber products.............
Wholesale tra d e ..........................................
Durable goods........................................
Nondurable goods..................................
Retail tra d e ...................................................
Motor vehicle and parts dealers.............
Food and beverage stores.....................
General merchandise stores..................
Other retail2...........................................
Transportation and w arehousing............
Air transportation....................................
Rail transportation...................................
Water transportation..............................
Truck transportation...............................
Transit and ground passenger
transportation......................................
Pipeline transportation...........................
Other transportation and support
activities3...........................................
Warehousing and storage......................
Information...................................................
Publishing industries (includes software)
1
2
3
4
b
6
7
8
9
10
11
12
13
14
1b
1fi
17
18
19
20
2004
2005
2006
2007
6,656,396
7,030,778
7,433,819
6,662,544
7,037,185
7,440,435
7,812,340
7,819,371
5,382,199
5,692,444
6,035,337
6,342,033
38,723
39,968
40,767
42,842
21,981
16,742
22,323
17,645
22,504
18,263
23,821
19,022
43,982
49,425
57,635
64,168
16,954
14,360
12,668
18,353
15,194
15,878
21,404
16,234
19,996
23,176
16,930
24,062
Line
Motion picture and sound recording
industries.............................................
Broadcasting and telecommunications....
Information and data processing
services...............................................
Finance and insurance..............................
57,449
55,701
56,071
59,774
Federal Reserve banks, credit
intermediation, and related activities
Securities, commodity contracts, and
investments.........................................
Insurance carriers and related activities
Funds, trusts, and other financial
vehicles...............................................
356,256
390,651
424,242
442,817
Real estate and rental and leasing..........
902,691
908,453
953,123
968,925
588,392
23,177
27,191
31,873
77,221
74,876
119,938
598,038
24,759
28,100
31,520
81,552
77,176
127,021
628,529
24,859
29,055
32,965
86,174
80,417
137,100
641,166
23,727
29,408
33,770
90,054
84,021
139,114
21
27,868
28,687
30,033
30,835
22
23
24
26
2b
83,689
57,383
22,729
42,446
314,299
75,970
57,381
23,399
42,474
310,415
80,570
61,226
23,985
42,143
324,594
79,393
63,501
23,808
43,533
327,759
Real estate..............................................
Rental and leasing services and lessors
of intangible assets 4..........................
Professional, scientific, and technical
services......................................................
Legal services.........................................
Computer systems design and related
services...............................................
Miscellaneous professional, scientific,
and technical services 5.....................
Management of companies and
enterprises 6.............................................
Administrative and waste management
services......................................................
Administrative and support services......
Waste management and remediation
services...............................................
2/
28
82,532
16,231
81,171
15,784
85,281
15,138
86,148
14,716
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
4b
46
4/
12,167
31,438
32,619
14,077
85,273
39,963
11,921
31,417
32,969
14,018
82,832
40,303
11,738
32,979
33,530
18,038
86,551
41,340
11,397
32,185
33,979
17,939
90,332
41,063
363,194
387,132
413,342
438,197
218,268
144,926
233,999
153,133
250,842
162,500
265,806
172,390
Performing arts, spectator sports,
museums, and related activities.........
Amusements, gambling, and recreation
industries.............................................
446,369
466,009
481,377
496,019
Accommodation and food services.........
88,601
70,534
66,048
221,187
92,350
71,269
69,697
232,692
94,498
72,256
73,045
241,578
95,973
74,760
76,837
248,449
222,182
229,008
237,276
249,106
38,057
17,121
4,259
68,171
36,231
18,038
4,742
70,782
35,484
18,916
4,974
72,038
38,940
19,414
5,528
74,598
11,936
3,864
12,418
3,927
13,046
4,456
13,812
4,907
Educational services ..................................
Health care and social assistance...........
48
49
bU
61
b2
b3
54,887
23,888
56,957
25,914
60,636
27,726
62,058
29,850
231,617
236,924
247,092
258,365
70,625
73,502
77,504
85,884
Ambulatory health care services............
Hospitals.................................................
Nursing and residential care facilities.....
Social assistance....................................
Arts, entertainment, and recreation........
Accommodation......................................
Food services and drinking places.........
Other services, except governm ent........
Governm ent.......................................................
Federal...................
General government...............................
Civilian............
Military 7.........
Government enterprises.........................
State and local............................................
General government................................
Education............................................
Other8................................................
Government enterprises 8......................
Rest of the w orld.................................................
Receipts from the rest of the world.................
Less: Payments to the rest of the world 9
2004
2005
2006
2007
54
55
23,680
103,950
56
57
33,363
35,033
37,362
30,179
508,107
546,401
587,603
617,085
24,165
104,222
24,288
107,939
24,973
117,328
58
185,394
197,520
208,099
210,330
59
60
141,943
166,526
162,714
172,366
186,523
181,022
206,443
187,633
61
62
63
14,244
13,801
11,959
12,679
94,402
102,385
109,982
113,666
68,261
74,874
80,594
83,036
64
26,141
27,511
29,389
30,630
65
66
526,376
579,115
629,896
679,459
102,598
110,368
115,988
122,369
67
104,016
115,405
128,444
141,449
68
319,762
353,342
385,464
415,641
69
162,630
180,734
188,597
206,561
70
71
242,235
265,566
284,146
301,783
224,666
246,831
264,405
281,253
7?
73
/4
75
/6
//
/8
79
17,569
18,735
19,741
20,530
96,864
101,923
108,060
115,822
628,033
672,238
709,463
753,579
276,330
216,707
76,901
58,095
301,889
227,398
79,874
63,077
320,902
237,506
83,912
67,144
341,441
251,704
88,660
71,774
67,053
69,051
73,533
77,300
80
32,547
32,918
36,098
38,341
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
34,506
36,133
37,435
38,959
199,638
211,324
224,633
236,891
53,128
146,510
55,922
155,401
58,839
165,794
62,100
174,791
194,398
200,438
208,499
219,674
1,280,345
1,344,741
1,405,098
1,477,338
386,543
324,052
184,907
139,145
62,491
893,802
831,949
448,363
383,586
61,853
407,855
345,023
194,483
150,540
62,832
936,886
872,410
468,799
403,611
64,476
425,550
360,605
202,650
157,955
64,945
979,548
913,046
492,215
420,831
66,502
444,408
378,767
212,755
166,012
65,641
1,032,930
963,074
519,014
444,060
69,856
-6,148
-6,407
-6,616
-7,031
2,822
8,970
2,890
9,297
2,880
9,496
2,972
10,003
1. NAICS crop and animal production.
2. Consists of furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; health and personal care stores; gasoline stations; clothing and clothing accessories stores;
sporting goods, hobby, book, and music stores; miscellaneous store retailers; and nonstore retailers.
3. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
4. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
5. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
6. Consists of offices of bank and other holding companies and of corporate, subsidiary, and regional managing offices.
7. Includes Coast Guard.
8. Employees of Indian tribal governments are classified in state and local government.
9. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Income and Employment by Industry
132
August 2008
Table 6.3D. Wage and Salary Accruals by Industry
[Millions of dollars]
Line
Wage and salary accruals.....................
Domestic industries.............................................
Private industries.............................................
Agriculture, forestry, fishing, and
hunting.......................................................
Farms 1...................................................
Forestry, fishing, and related activities....
Mining.............................................................
Oil and gas extraction.............................
Mining, except oil and gas......................
Support activities for mining...................
Utilities...........................................................
Construction.................................................
Manufacturing..............................................
Durable goods...................... ..................
Wood products....................................
Nonmetallic mineral products.............
Primary metals....................................
Fabricated metal products..................
Machinery...........................................
Computer and electronic products...
Electrical equipment, appliance, and
components....................................
Motor vehicles, bodies and trailers,
and parts.........................................
Other transportation equipment.........
Furniture and related products...........
Miscellaneous manufacturing.............
Nondurable goods...................................
Food and beverage and tobacco
products..........................................
Textile mills and textile product mills...
Apparel and leather and allied
products..........................................
Paper products....................................
Printing and related support activities
Petroleum and coal products.............
Chemical products..............................
Plastics and rubber products.............
2004
1
2
3
5,379,508
4
b
6
7
8
9
10
11
12
13
14
1b
16
17
18
19
20
2005
2006
2007
5,676,657
6,028,499
6,355,721
5,385,656
5,683,064
6,035,115
6,362,752
4,442,540
4,702,316
5,012,079
5,287,528
33,952
35,514
36,179
37,952
18,876
15,076
19,677
15,837
19,704
16,475
20,779
17,173
34,883
40,336
47,980
53,875
13,187
10,995
10,701
14,694
12,054
13,588
17,514
13,084
17,383
19,179
13,586
21,110
40,703
41,422
43,019
45,470
290,476
319,297
351,794
367,585
686,924
704,029
731,204
745,987
450,081
18,827
21,267
23,693
61,580
58,041
96,759
464,614
19,864
22,212
24,283
64,668
60,761
101,109
487,979
20,010
23,296
25,384
68,727
64,268
107,153
496,807
18,900
23,460
25,836
71,839
67,085
109,020
Line
Motion picture and sound recording
industries.............................................
Broadcasting and telecommunications...
Information and data processing
services...............................................
Finance and insurance...............................
Federal Reserve banks, credit
intermediation, and related activities...
Securities, commodity contracts, and
investments.........................................
Insurance carriers and related activities
Funds, trusts, and other financial
vehicles...............................................
Real estate and rental and leasing..........
Real estate..............................................
Rental and leasing services and lessors
o f intangible assets 4..........................
Professional, scientific, and technical
services......................................................
Legal services.........................................
Computer systems design and related
services...............................................
Miscellaneous professional, scientific,
and technical services 5.....................
21
20,656
20,674
21,633
22,214
22
23
24
60,436
40,577
18,537
29,706
236,843
59,142
43,055
18,846
30,001
239,415
59,673
47,221
19,290
31,324
243,225
57,069
49,714
19,019
32,651
249,180
Administrative and waste management
services......................................................
62,024
13,236
62,964
12,545
64,689
11,944
67,016
11,464
Educational services..................................
9,816
24,874
26,895
8,211
60,247
31,540
9,373
24,852
26,857
9,003
62,083
31,738
9,130
24,874
27,313
9,639
63,137
32,499
8,789
24,921
27,568
10,627
66,780
32,014
305,504
2b
26
21
?8
Management of companies and
enterprises 6.............................................
Administrative and support services......
Waste management and remediation
services...............................................
Health care and social assistance...........
Ambulatory health care services............
Hospitals.................................................
Nursing and residential care facilities.....
Social assistance....................................
?9
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
4b
46
4/
323,572
347,223
369,145
184,117
121,387
195,815
127,757
210,975
136,249
224,125
145,020
Performing arts, spectator sports,
museums, and related activities.........
Amusements, gambling, and recreation
industries.............................................
379,854
393,100
406,364
419,294
Accommodation and food services.........
76,103
58,580
55,540
189,631
78,580
58,994
58,257
197,268
80,166
60,381
60,708
205,109
81,343
62,624
64,060
211,268
172,527
180,103
190,097
201,312
28,258
12,762
3,248
51,779
26,669
13,545
3,617
55,348
26,774
14,199
3,934
58,669
29,797
14,443
4,406
60,567
4b
49
9,666
3,171
10,209
3,169
10,824
3,573
11,491
4,012
50
61
43,739
19,903
45,951
21,594
48,873
23,252
51,433
25,163
Inform ation....................................................
b2
190,230
193,417
202,326
211,681
Publishing industries (includes software)
53
57,469
59,538
63,512
70,972
Wholesale trade............................................
Durable goods.........................................
Nondurable goods...................................
Retail trade.....................................................
Motor vehicle and parts dealers.............
Food and beverage stores......................
General merchandise stores..................
Other retail2............................................
Transportation and warehousing............
Air transportation.....................................
Rail transportation...................................
Water transportation...............................
Truck transportation.................................
Transit and ground passenger
transportation......................................
Pipeline transportation............................
Other transportation and support
activities 3 ...........................................
Warehousing and storage......................
Arts, entertainment, and recreation........
Accommodation......................................
Food services and drinking places.........
Other services, except governm ent........
Government.......................................................
Federal............
General government................................
Civilian.....
Military 7...
Government enterprises........................
State and local............................................
General government................................
Education.
Other8................................................
Government enterprises 8......................
Rest of the w orld.................................................
Receipts from the rest of the world................
Less: Payments to the rest of the world 9
2004
2005
20,050
83,941
2006
20,744
86,063
2007
b4
55
19,743
84,234
21,299
94,262
56
57
28,784
29,888
32,007
25,149
419,122
453,634
491,000
519,321
58
153,419
164,586
170,761
174,681
59
60
122,361
136,073
139,955
141,291
161,468
150,514
179,178
156,814
61
62
63
7,269
7,803
8,258
8,649
80,859
87,110
93,992
97,196
58,636
63,830
69,100
71,146
64
22,223
23,280
24,892
26,050
65
66
451,092
488,762
534,442
579,227
88,653
92,754
97,302
102,477
67
89,320
96,434
107,474
120,447
68
273,120
299,574
329,665
356,303
69
135,173
150,269
159,173
176,151
70
71
207,472
227,829
245,111
261,043
192,518
211,990
228,276
243,530
7?
73
/4
7b
14,955
15,839
16,835
17,513
84,038
88,029
93,871
100,883
531,223
561,604
598,564
637,078
234,929
180,332
65,505
50,457
250,758
190,218
67,756
52,872
267,090
203,290
71,515
56,669
284,562
215,894
75,798
60,823
56,955
58,578
63,041
66,350
80
27,031
27,472
30,784
32,776
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
29,925
31,106
32,257
33,574
171,575
181,361
193,870
205,128
/b
//
/8
79
45,227
126,349
47,328
134,033
50,117
143,753
53,041
152,087
169,976
174,351
182,829
192,849
943,116
980,748
1,023,036
1,075,224
251,124
208,932
123,228
85,704
42,192
691,992
643,284
341,220
302,064
48,708
264,204
221,916
130,272
91,644
42,288
716,544
666,516
353,352
313,164
50,028
272,496
229,236
134,088
95,148
43,260
750,540
698,796
371,364
327,432
51,744
282,540
238,884
140,940
97,944
43,656
792,684
738,216
391,992
346,224
54,468
-6,148
-6,407
-6,616
-7,031
2,822
8,970
2,890
9,297
2,880
9,496
2,972
10,003
1. NAICS crop and animal production.
2. Consists ot furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; health and personal care stores; gasoline stations; clothing and clothing accessories stores;
sporting goods, hobby, book, and music stores; miscellaneous store retailers; and nonstore retailers.
3. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
4. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
5. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
6. Consists of offices of bank and other holding companies and of corporate, subsidiary, and regional managing offices.
7. Includes Coast Guard.
8. Employees of Indian tribal governments are classified in state and local government.
9. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
Survey of Current Business
133
Table 6.4D. Full-Time and Part-Time Employees by Industry
[To s n s
h u a d]
Line
Full-time and part-time employees.....
Domestic industries..........................................
Private industries..........................................
Agriculture, forestry, fishing, and
hunting...................................................
Farms"'...................................................
Forestry, fishing, and related activities....
Mining........................................................
Oil and gas extraction............................
Mining, except oil and gas......................
Support activities for mining...................
Utilities.......................................................
Construction..............................................
Manufacturing...........................................
Durable goods.........................................
Wood products....................................
Nonmetallic mineral products.............
Primary metals....................................
Fabricated metal products..................
Machinery...........................................
Computer and electronic products.....
Electrical equipment, appliances, and
components....................................
Motor vehicles, bodies and trailers,
and parts.........................................
Other transportation equipment.........
Furniture and related products...........
Miscellaneous manufacturing............
Nondurable goods...................................
Food and beverage and tobacco
products..........................................
Textile mills and textile product mills...
Apparel and leather and allied
products..........................................
Paper products....................................
Printing and related support activities
Petroleum and coal products.............
Chemical products.............................
Plastics and rubber products.............
Wholesale trade.......................................
Durable goods........................................
Nondurable goods..................................
Retail trade................................................
Motor vehicle and parts dealers.............
Food and beverage stores.....................
General merchandise stores..................
Other retail2 ..........................................
Transportation and warehousing...........
Air transportation...................................
Rail transportation..................................
Water transportation..............................
Truck transportation...............................
Transit and ground passenger
transportation......................................
Pipeline transportation...........................
Other transportation and support
activities 3...........................................
Warehousing and storage......................
2004
2005
2007
2006
Line
1
?
3
138,403
140,438
142,777
144,196
139,136
141,214
143,566
145,034
115,102
117,094
119,286
120,524
4
b
6
7
8
9
1,508
1,476
1,443
1,438
825
683
780
696
752
692
747
691
526
562
618
662
123
208
195
127
215
219
136
223
259
147
224
291
565
552
550
553
10
11
12
13
14
15
16
17
18
19
?0
?1
7,241
7,579
7,900
7,851
14,401
14,325
14,248
13,968
8,961
568
502
467
1,497
1,146
1,318
9,009
581
506
467
1,524
1,166
1,311
9,028
576
514
466
1,554
1,186
1,306
8,858
535
502
457
1,562
1,192
1,273
446
436
434
430
Inform ation...................................................
Publishing industries (includes software)
Motion picture and sound recording
industries.............................................
Broadcasting and telecommunications...
Information and data processing
services...............................................
Finance and insurance...............................
Federal Reserve banks, credit
intermediation, and related activities
Securities, commodity contracts, and
investments.........................................
Insurance carriers and related activities
Funds, trusts, and other financial
vehicles...............................................
Real estate and rental and leasing
Real estate..............................................
Rental and leasing services and lessors
of intangible assets 4..........................
Professional, scientific, and technical
services......................................................
Legal services.........................................
Computer systems design and related
services...............................................
Miscellaneous professional, scientific,
and technical services 5.....................
22
23
24
2b
26
1,116
654
573
674
5,440
1,102
676
568
671
5,316
1,068
695
561
670
5,220
994
717
533
661
5,111
27
28
1,703
417
1,688
387
1,684
357
1,691
331
29
30
31
32
33
34
35
36
3/
38
39
40
41
42
43
44
45
46
47
342
495
678
111
888
806
311
484
661
112
875
798
289
469
650
113
865
793
261
456
639
115
862
755
Educational services..................................
5,742
5,856
5,982
6,082
Arts, entertainment, and recreation........
3,348
2,394
3,425
2,431
3,517
2,465
3,576
2,506
15,556
15,752
15,876
16,019
1,965
2,910
2,946
7,734
1,979
2,903
3,024
7,846
1,971
2,908
3,046
7,950
1,969
2,940
3,115
7,994
Performing arts, spectator sports,
museums, and related activities.........
Amusements, gambling, and recreation
industries.............................................
4,289
4,395
4,489
4,571
514
190
56
1,385
500
198
61
1,423
482
202
63
1,457
491
202
65
1,470
48
411
418
38
425
436
40
50
51
1,133
562
1,159
599
1,187
633
1,207
660
Management of companies and
enterprises6.............................................
Administrative and waste management
services.....................................................
Administrative and support services ....
Waste management and remediation
services...............................................
Health care and social assistance...........
Ambulatory health care services............
Hospitals.................................................
Nursing and residential care facilities.....
Social assistance....................................
Accommodation and food services........
Accommodation......................................
Food services and drinking places.........
Other services, except governm ent........
Government.......................................................
Federal........................................................
General government..............................
Civilian................................................
Military 7..............................................
Government enterprises........................
State and local............................................
General government..............................
Education............................................
Other8................................................
Government enterprises 8......................
Rest of the world 9...............................................
2004
2005
2007
2006
52
53
3,115
3,070
3,060
936
951
952
971
54
55
390
1,355
382
1,320
381
1,302
385
1,361
56
57
433
417
426
331
6,013
6,105
6,236
6,194
58
2,842
2,905
2,952
2,894
59
60
792
2,293
820
2,290
847
2,345
880
2,331
R1
62
63
86
90
92
89
2,163
2,208
2,237
2,233
1,492
1,536
1,570
1,571
64
671
672
668
662
6b
66
7,223
7,508
7,828
8,059
1,323
1,334
1,335
1,333
6/
1,149
1,202
1,277
1,369
68
4,751
4,972
5,216
5,357
69
1,722
1,758
1,790
1,843
70
71
7,816
8,095
8,341
8,441
7,489
7,756
7,994
8,087
3,047
328
340
347
354
2,854
2,888
2,961
3,047
14,681
15,046
15,444
15,873
5,075
4,277
2,819
2,511
5,248
4,333
2,850
2,615
5,424
4,412
2,888
2,720
5,606
4,494
2,949
2,823
1,966
1,983
2,014
2,068
80
500
500
515
535
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
1,466
1,483
1,499
1,533
10,781
11,031
11,280
11,526
1,814
8,967
1,836
9,196
1,851
9,429
1,879
9,647
72
73
74
75
76
77
78
79
6,940
6,903
6,987
7,050
24,034
24,120
24,280
24,510
5,164
4,270
1,953
2,317
894
18,870
17,808
9,817
7,991
1,062
5,089
4,206
1,956
2,250
883
19,031
17,975
9,910
8,065
1,056
5,084
4,211
1,960
2,251
873
19,196
18,144
10,005
8,139
1,052
5,078
4,214
1,966
2,248
864
19,432
18,350
10,128
8,222
1,082
-733
-776
-789
-838
1. NAICS crop and animal production.
2. Consists of furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; health and personal care stores; gasoline stations; clothing and clothing accessories stores;
sporting goods, hobby, book, and music stores; miscellaneous store retailers; and nonstore retailers.
3. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
4. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
5. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
6. Consists of offices of bank and other holding companies and of corporate, subsidiary, and regional managing offices.
7. Includes Coast Guard.
8. Employees of Indian tribal governments are classified in state and local government.
9. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
134
Income and Employment by Industry
August 2008
Table 6.5D. Full-Time Equivalent Employees by Industry
[Thousands]
Line
Full-time equivalent employees 1 .......
Domestic industries.........................................
Private industries..........................................
Agriculture, forestry, fishing, and
hunting...................................................
Farms *....................................................
Forestry, fishing, and related activities....
Mining.........................................................
Oil and gas extraction.............................
Mining, except oil and gas......................
Support activities for mining...................
Utilities.......................................................
Construction..............................................
Manufacturing............................................
Durable goods.........................................
Wood products....................................
Nonmetallic mineral products.............
Primary metals....................................
Fabricated metal products..................
Machinery............................................
Computer and electronic products.....
Electrical equipment, appliances, and
components.....................................
Motor vehicles, bodies and trailers,
and parts.........................................
Other transportation equipment.........
Furniture and related products...........
Miscellaneous manufacturing.............
Nondurable goods...................................
Food and beverage and tobacco
products..........................................
Textile mills and textile product mills....
Apparel and leather and allied
products..........................................
Paper products....................................
Printing and related support activities
Petroleum and coal products..............
Chemical products..............................
Plastics and rubber products..............
Wholesale trade.........................................
Durable goods.........................................
Nondurable goods...................................
Retail trade.................................................
Motor vehicle and parts dealers.............
Food and beverage stores......................
General merchandise stores..................
Other retail3............................................
Transportation and warehousing............
Air transportation.....................................
Rail transportation...................................
Water transportation................................
Truck transportation.................................
Transit and ground passenger
transportation......................................
Pipeline transportation...........................
Other transportation and support
activities 4............................................
Warehousing and storage......................
2004
2005
2007
2006
Line
1
?
3
123,810
126,152
128,315
129,569
124,438
126,817
128,991
130,288
104,518
106,880
108,976
110,077
4
b
6
/
8
9
10
11
12
13
14
15
16
17
18
19
?n
1,305
1,278
1,249
1,248
707
597
668
609
644
605
640
608
516
554
609
652
121
204
191
125
212
216
134
220
255
145
220
287
560
543
544
546
7,001
7,327
7,602
7,590
14,117
14,041
13,977
13,692
8,809
556
495
458
1,469
1,125
1,300
8,870
566
495
461
1,503
1,147
1,296
8,880
566
505
457
1,525
1,164
1,288
8,703
523
498
447
1,530
1,173
1,256
Information.....................................................
Publishing industries (includes software)
Motion picture and sound recording
industries.............................................
Broadcasting and telecommunications....
Information and data processing
services...............................................
Finance and insurance................................
Federal Reserve banks, credit
intermediation, and related activities
Securities, commodity contracts, and
investments.........................................
Insurance carriers and related activities
Funds, trusts, and other financial
vehicles................................................
Real estate and rental and leasing...........
Real estate..............................................
Rental and leasing services and lessors
of intangible assets 5..........................
Professional, scientific, and technical
services......................................................
2004
2005
2006
2007
52
53
2,894
2,865
2,861
841
855
870
891
54
55
327
1,325
323
1,289
315
1,272
318
1,335
56
57
402
397
404
310
5,781
5,865
6,005
5,976
2,854
58
2,728
2,789
2,841
2,785
59
60
761
2,210
787
2,202
815
2,260
846
2,258
61
62
63
83
86
89
86
1,966
2,011
2,040
2,032
1,366
1,411
1,431
1,432
64
600
600
609
600
6b
66
6,779
7,079
7,380
7,616
1,242
1,258
1,259
1,260
Legal services.........................................
Computer systems design and related
services...............................................
Miscellaneous professional, scientific,
and technical services 6.....................
6/
1,079
1,133
1,204
1,294
68
4,459
4,687
4,917
5,063
69
1,670
1,734
1,748
1,793
70
71
7,171
7,425
7,673
7,807
6,855
7,100
7,342
7,465
72
73
74
75
76
77
78
79
315
325
331
342
2,525
2,562
2,640
2,716
13,204
13,588
14,002
14,326
4,545
3,970
2,524
2,165
4,724
4,042
2,565
2,256
4,907
4,126
2,612
2,358
5,031
4,214
2,647
2,434
1,614
1,657
1,689
1,747
410
418
432
452
?1
440
429
429
423
22
23
24
2b
26
1,106
648
561
650
5,309
1,094
671
555
652
5,172
1,058
688
549
651
5,097
983
709
520
641
4,989
Management of companies and
enterprises 7 .............................................
27
28
1,648
405
1,628
374
1,632
345
1,636
321
Administrative and support services.......
Waste management and remediation
services...............................................
29
30
31
32
33
34
35
36
3/
38
39
40
41
42
43
44
45
46
47
333
485
663
109
872
793
301
469
641
111
861
787
280
458
635
110
853
784
253
447
625
113
848
744
5,533
5,657
5,779
5,861
Arts, entertainment, and recreation.........
3,227
2,307
3,309
2,348
3,398
2,382
3,446
2,415
13,479
13,714
13,826
13,946
1,703
2,522
2,553
6,702
1,723
2,527
2,633
6,831
1,717
2,533
2,652
6,924
1,715
2,559
2,712
6,960
Performing arts, spectator sports,
museums, and related activities.........
Amusements, gambling, and recreation
industries.............................................
4,057
4,179
4,258
4,324
486
180
53
1,310
476
188
58
1,353
457
192
60
1,382
465
191
61
1,391
48
49
389
36
397
36
403
37
412
38
50
51
1,072
531
1,102
570
1,126
601
1,141
624
Administrative and waste management
services......................................................
Educational services...................................
Health care and social assistance...........
Ambulatory health care services............
Hospitals..................................................
Nursing and residential care facilities.....
Social assistance.....................................
Accommodation and food services.........
Accommodation.......................................
Food services and drinking places.........
Other services, except government.........
Government........................................................
Federal.........................................................
General governmenl
Civilian...............
Military 8............
Government enterprises.........................
State and local...........
General governmenl
Education..........
Other9.................................................
Government enterprises9.......................
Rest of the world 10..............................................
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
1,204
1,239
1,257
1,295
8,498
8,961
9,206
9,378
1,460
7,038
1,683
7,278
1,694
7,512
1,720
7,658
5,849
5,841
5,886
5,974
19,920
19,937
20,015
20,211
4,145
3,409
1,817
1,592
736
15,775
14,740
7,857
6,883
1,035
4,098
3,372
1,822
1,550
726
15,839
14,810
7,902
6,908
1,029
4,092
3,374
1,827
1,547
718
15,923
14,898
7,944
6,954
1,025
4,071
3,369
1,827
1,542
702
16,140
15,086
8,042
7,044
1,054
-628
-665
-676
-719
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. NAICS crop and animal production.
3. Consists of furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; health and personal care stores; gasoline stations; clothing and clothing accessories stores;
sporting goods, hobby, book, and music stores; miscellaneous store retailers; and nonstore retailers.
4. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
5. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
6. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
7. Consists of offices of bank and other holding companies and of corporate, subsidiary, and regional managing offices.
8. Includes Coast Guard.
9. Employees of Indian tribal governments are classified in state and local government.
10. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
Survey of Current Business
135
Table 6.6D. Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
[Dollars]
Line
Wage and salary accruals per full-time
equivalent employee..........................
Domestic industries.............................................
Private industries.............................................
Agriculture, forestry, fishing, and
hunting.......................................................
Farms 1...................................................
Forestry, fishing, and related activities....
Mining.............................................................
Oil and gas extraction.............................
Mining, except oil and gas......................
Support activities for mining...................
Utilities...........................................................
Construction.................................................
Manufacturing...............................................
Durable goods.........................................
Wood products....................................
Nonmetallic mineral products.............
Primary metals....................................
Fabricated metal products..................
Machinery............................................
Computer and electronic products.....
Electrical equipment, appliances, and
components.....................................
Motor vehicles, bodies and trailers,
and parts.........................................
Other transportation equipment.........
Furniture and related products...........
Miscellaneous manufacturing.............
Nondurable goods...................................
Food and beverage and tobacco
products..........................................
Textile mills and textile product mills....
Apparel and leather and allied
products..........................................
Paper products....................................
Printing and related support activities
Petroleum and coal products..............
Chemical products.............................
Plastics and rubber products..............
Wholesale trade............................................
Durable goods.........................................
Retail trade....................................................
Motor vehicle and parts dealers.............
Food and beverage stores......................
General merchandise stores..................
Other retail2............................................
Air transportation.....................................
Rail transportation...................................
Water transportation................................
Truck transportation.................................
Transit and ground passenger
transportation......................................
Pipeline transportation...........................
Other transportation and support
activities 3............................................
Warehousing and storage......................
2004
2005
2006
2007
Line
Information
1
?
3
4
5
b
7
8
9
10
11
1?
13
14
15
43,450
44,999
46,982
49,053
43,280
44,813
46,787
48,836
42,505
43,996
45,992
48,035
26,022
27,790
28,969
30,409
26,690
25,232
29,437
25,983
30,585
27,248
32,447
28,260
67,649
72,829
78,841
82,687
109,235
53,923
56,020
117,147
56,736
62,919
130,924
59,572
68,121
132,401
61,768
73,619
72,718
76,267
79,021
83,237
....................................................
Publishing industries (includes software)
Motion picture and sound recording
industries.............................................
Broadcasting and telecommunications....
Information and data processing
services...............................................
Finance and insurance................................
Federal Reserve banks, credit
intermediation, and related activities
Securities, commodity contracts, and
investments.........................................
Insurance carriers and related activities
Funds, trusts, and other financial
vehicles................................................
41,493
43,579
46,275
48,430
48,659
50,140
52,315
54,482
19
20
51,096
33,866
42,935
51,715
41,918
51,593
74,417
52,383
35,094
44,899
52,666
43,020
52,965
78,032
54,953
35,381
46,101
55,528
45,063
55,203
83,186
57,083
36.120
47.121
57,736
46,948
57,176
86,792
?1
46,935
48,159
50,439
52,555
22
23
24
2b
26
54,649
62,606
33,062
45,696
44,615
54,042
64,162
33,976
45,998
46,293
56,405
68,597
35,162
48,144
47,719
58,061
70,115
36,607
50,952
49,945
27
2b
37,622
32,673
38,659
33,545
39,647
34,621
40,955
35,716
29
30
'11
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
4/
29,516
51,338
40,537
75,222
69,092
39,764
31,161
52,983
41,887
81,403
72,126
40,341
32,654
54,255
43,034
87,360
73,993
41,451
34,714
55,758
44,078
93,651
78,717
43,008
Health care and social assistance...........
55,212
57,194
60,079
62,988
57,060
52,627
59,175
54,403
62,089
57,211
65,045
60,052
Performing arts, spectator sports,
museums, and related activities.........
Amusements, gambling, and recreation
industries.............................................
48
49
50
51
1fi
17
1R
Real estate and rental and leasing...........
Real estate..............................................
Rental and leasing services and lessors
of intangible assets 4..........................
Professional, scientific, and technical
services......................................................
Legal services.........................................
Computer systems design and related
services...............................................
Miscellaneous professional, scientific,
and technical services 5.....................
Management of companies and
enterprises 6 .............................................
2004
2005
2006
2007
52
53
65,733
67,508
70,714
74,180
68,330
69,603
73,033
79,634
54
55
60,424
63,589
62,051
65,101
65,764
67,670
67,055
70,599
56
57
71,686
75,248
79,167
81,227
72,500
77,347
81,759
86,898
58
56,235
59,018
60,096
62,716
59
60
160,876
61,580
177,775
64,153
198,168
66,589
211,701
69,446
61
62
63
88,047
90,218
92,923
41,128
43,313
46,075
47,831
42,911
45,245
48,281
49,687
99,987
64
37,063
38,771
40,888
43,401
65
66
66,539
69,047
72,417
76,053
71,396
73,728
77,295
81,363
67
82,816
85,095
89,270
93,076
68
61,250
63,911
67,042
70,380
69
80,935
86,656
91,035
98,262
70
71
28,933
30,685
31,943
33,437
28,082
29,858
31,092
32,625
72
/3
74
75
78
77
78
79
47,426
48,748
50,798
51,163
33,288
34,362
35,558
37,140
40,232
41,332
42,747
44,470
51,695
45,425
25,949
23,302
53,078
47,055
26,412
23,441
54,435
49,270
27,380
24,034
56,563
51,232
28,641
24,984
37,982
Administrative and waste management
Administrative and support services.......
Waste management and remediation
services...............................................
Educational services...................................
Ambulatory health care services............
Nursing and residential care facilities.....
Social assistance.....................................
28,181
28,664
29,391
30,066
44,688
23,228
21,759
28,296
45,607
23,345
22,127
28,879
46,691
23,839
22,889
29,624
47,443
24,468
23,623
30,355
Accommodation and food services.........
42,526
43,097
44,641
46,559
58,134
71,007
60,869
39,531
56,073
71,950
62,334
40,918
58,539
74,105
65,861
42,440
64,124
75,586
72,097
43,545
25,713
88,452
26,828
97,236
27,882
105,186
40,794
37,467
41,707
37,897
43,394
38,701
45,058
40,308
35,357
37,327
65,863
65,791
71,263
72,557
81
82
83
84
85
24,857
25,102
25,664
25,923
21,873
Governm ent.......................................................
24,868
88,573
35,282
80
87
Arts, entertainment, and recreation.........
Accommodation.......................................
Food services and drinking places.........
Other services, except government.........
Civilian.................................................
Military 7...
Government enterprises.........................
State and local.............................................
General government................................
Education.
Other8.................................................
20,240
21,060
28,128
18,416
29,591
19,136
30,842
19,859
29,063
29,852
31,063
32,280
47,345
89
90
91
9?
93
94
95
96
97
20,189
30,967
17,952
49,192
51,113
53,200
60,585
61,288
67,819
53,834
57,326
43,866
43,642
43,429
43,886
47,061
64,471
65,811
71,499
59,125
58,248
45,239
45,004
44,717
45,334
48,618
66,592
67,942
73,392
61,505
60,251
47,136
46,905
46,748
47,085
50,482
69,403
70,907
77,143
63,518
62,188
49,113
48,934
48,743
49,152
51,677
1. NAICS crop and animal production.
2. Consists of furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; health and personal care stores; gasoline stations; clothing and clothing accessories stores;
sporting goods, hobby, book, and music stores; miscellaneous store retailers; and nonstore retailers.
3. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
4. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
5. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
6. Consists of offices of bank and other holding companies and of corporate, subsidiary, and regional managing offices.
7. Includes Coast Guard.
8. Employees of Indian tribal governments are classified in state and local government.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Income and Employment by Industry
136
August 2008
Table 6.7D. Self-Employed Persons by Industry
[Thousands]
Line
2004
2005
2007
2006
Self-employed persons 1..................................................................................................................
1
10,429
10,453
10,589
10,419
Agriculture, forestry, fishing, and hunting................................................................................................
Farms 2................................................................................................................................................
Forestry, fishing and related activities.................................................................................................
Mining......................
Utilities......................
Construction............
Manufacturing.........
Durable goods.....
Nondurable goods
Wholesale trade......
Retail trade..............
Transportation and warehousing.............................................................................................................
Information...............................................................................................................................................
Finance and insurance, real estate, rental, and leasing.........................................................................
Professional and business services 3.....................................................................................................
Educational services, health care, and social assistance......................................................................
Arts, entertainment, recreation, accommodation, and food services.....................................................
Other services, except government........................................................................................................
2
964
847
117
13
0
1,848
316
207
109
189
963
410
146
792
1,993
1,105
660
1,030
955
856
99
10
0
1,830
321
207
114
213
1,038
442
126
786
1,954
1,069
674
1,035
901
806
95
10
0
1,910
331
210
121
201
939
428
119
841
1,991
1,159
684
1,075
856
760
96
20
0
1,890
343
210
133
193
935
405
135
827
2,009
1,102
678
1,026
3
4
b
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1. Consists of active proprietors or partners who devote a majority of their working hours to their unincorporated businesses.
2. NAICS crop and animal production.
3. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
137
Survey of Current Business
Table 6.8D. Persons Engaged in Production by Industry
[Thousands]
Line
Persons engaged in production 1.......
Domestic industries..........................................
Private industries..........................................
Agriculture, forestry, fishing, and
hunting...................................................
Farms 2...................................................
Forestry, fishing, and related activities....
Mining.........................................................
Oil and gas extraction..............................
Mining, except oil and gas......................
Support activities for mining...................
Utilities.......................................................
Construction..............................................
Manufacturing.....
Durable goods...
Wood products...................................
Nonmetallic mineral products.............
Primary metals....................................
Fabricated metal products..................
Machinery...........................................
Computer and electronic products.....
Electrical equipment, appliances, and
components.....................................
Motor vehicles, bodies and trailers,
and parts.........................................
Other transportation equipment.........
Furniture and related products...........
Miscellaneous manufacturing.............
Nondurable goods...................................
Food and beverage and tobacco
products..........................................
Textile mills and textile product mills....
Apparel and leather and allied
products..........................................
Paper products...................................
Printing and related support activities
Petroleum and coal products..............
Chemical products.............................
Plastics and rubber products..............
Wholesale trade.........................................
Durable goods.........................................
Nondurable goods...................................
Retail trade.................................................
Motor vehicle and parts dealers.............
Food and beverage stores......................
General merchandise stores..................
Other retail3............................................
2004
2005
2006
Line
2007
134,239
136,605
138,904
139,988
134,867
137,270
139,580
140,707
114,947
117,333
119,565
120,496
2,269
2,233
2,150
2,104
1,554
714
1,524
708
1,450
700
1,400
704
529
564
619
672
124
207
198
128
212
223
135
221
263
147
224
301
560
543
544
546
9,157
9,512
9,480
14,433
14,362
14,308
14,035
9,016
576
507
478
1,481
1,138
1,310
9,077
591
511
465
1,533
1,160
1,299
9,090
582
522
461
1,562
1,178
1,296
8,913
549
512
449
1,561
1,189
1,264
441
432
429
426
1,110
650
601
723
5,418
1,098
675
594
718
5,286
1,068
693
582
717
5,218
991
713
554
705
5,122
1,684
420
1,659
1,662
364
1,662
351
348
486
695
109
878
797
324
471
673
111
870
790
307
461
661
111
865
787
282
447
659
114
856
749
5,722
5,870
5,980
6,054
3,327
2,395
3,424
2,446
3,504
2,476
3,549
2,505
14,442
14,752
14,765
14,881
1,797
2,603
2,575
7,468
1,822
2,622
2,662
7,646
1,808
2,619
2,679
7,659
1,799
2,646
2,733
7,703
Transportation and warehousing..
4,467
4,621
4,686
4,729
Air transportation..........................
Rail transportation........................
Water transportation.....................
Truck transportation......................
Transit and ground passenger
transportation...........................
Pipeline transportation.................
Other transportation and support
activities4.................................
Warehousing and storage............
488
180
54
1,587
479
188
59
1,636
459
192
60
1,666
467
191
62
1,669
442
36
465
36
473
38
476
40
1,145
535
1,181
578
1,192
606
1,196
627
Information................................................
Publishing industries (includes software)
Motion picture and sound recording
industries.............................................
Broadcasting and telecommunications...
Information and data processing
services..............................................
Finance and insurance.............................
Federal Reserve banks, credit
intermediation, and related activities
Securities, commodity contracts, and
investments........................................
Insurance carriers and related activities
Funds, trusts, and other financial
vehicles..............................................
Real estate and rental and leasing.........
Real estate.............................................
Rental and leasing services and lessors
of intangible assets 5.........................
Professional, scientific, and technical
services.................................................
Legal services........................................
Computer systems design and related
services..............................................
Miscellaneous professional, scientific,
and technical services 6....................
Management of companies and
enterprises 7.........................................
Administrative and waste management
services.................................................
Administrative and support services......
Waste management and remediation
services..............................................
Educational services...............................
Heath care and social assistance..........
Ambulatory health care services...........
Hospitals.................................................
Nursing and residential care facilities....
Social assistance....................................
Arts, entertainment, and recreation.......
Performing arts, spectator sports,
museums, and related activities........
Amusements, gambling, and recreation
industries............................................
Accommodation and food services.......
Accommodation......................................
Food services and drinking places........
Other services, except government.......
Government..................................................
Federal.......................................................
General government..............................
Civilian................................................
Military 8.............................................
Government enterprises........................
State and local............................................
General government..............................
Education...........................................
Other9................................................
Government enterprises 9.....................
Rest of the world 10..........................................
2004
2007
2006
2005
52
53
3,040
2,991
2,980
2,989
884
894
903
926
54
55
382
1,354
370
1,317
368
1,297
374
1,363
56
57
421
409
412
325
6,086
6,175
6,334
6,315
58
2,769
2,845
2,891
2,846
59
60
874
2,356
898
2,345
935
2,419
977
2,405
61
62
63
88
86
89
86
2,453
2,487
2,552
2,520
1,838
1,871
1,920
1,905
64
615
616
632
615
65
66
7,963
8,232
8,543
8,769
1,460
1,474
1,484
1,451
67
1,210
1,273
1,338
1,424
68
5,294
5,484
5,721
5,895
69
1,670
1,734
1,748
1,793
70
71
7,980
8,226
8,501
8,663
7,650
7,887
8,152
8,300
72
73
74
75
76
77
78
79
329
339
349
363
2,723
2,759
2,834
2,903
14,111
14,460
14,967
15,241
4,925
3,979
2,539
2,668
5,074
4,055
2,581
2,749
5,300
4,135
2,640
2,893
5,419
4,229
2,664
2,929
2,154
1,999
2,073
2,086
80
732
770
769
790
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
1,267
1,303
1,317
1,364
8,773
9,219
9,493
9,649
1,493
7,280
1,728
7,491
1,733
7,760
1,748
7,901
6,879
6,876
6,961
7,000
19,920
19,937
20,015
20,211
4,145
3,409
1,817
1,592
736
15,775
14,740
7,857
6,883
1,035
4,098
3,372
1,822
1,550
726
15,839
14,810
7,902
6,908
1,029
4,092
3,374
1,827
1,547
718
15,923
14,898
7,944
6,954
1,025
4,071
3,369
1,827
1,542
702
16,140
15,086
8,042
7,044
1,054
-628
-665
-676
-719
1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid family workers are not included.
2. NAICS crop and animal production.
3. Consists of furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; health and personal care stores; gasoline stations; clothing and clothing accessories stores;
sporting goods, hobby, book, and music stores; miscellaneous store retailers; and nonstore retailers.
4. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
5. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
6. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
7. Consists of offices of bank and other holding companies and of corporate, subsidiary, and regional managing offices.
8. Includes Coast Guard.
9. Employees of Indian tribal governments are classified in state and local government.
10. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
138
Income and Employment by Industry
August 2008
Table 6.9D. Hours Worked by Full-Time and Part-Time Employees by Industry
[Millions of hours]
Line
Hours worked by full-time and part-time employees................................................................
Domestic industries........................................................................................................................................
Private industries........................................................................................................................................
Agriculture, forestry, fishing, and hunting........................................................................................
Farms 1........................................................................................................................................
Forestry, fishing, and related activities........................................................................................
Mining..............................................................................................................................................
Utilities...
Construction.....................................................................................................................................
Manufacturing..................................................................................................................................
Durable goods..............................................................................................................................
Nondurable goods........................................................................................................................
Wholesale trade............
Retail trade....................
Transportation and warehousing.....................................................................................................
Information.......................................................................................................................................
Finance and insurance, real estate, rental, and leasing.................................................................
Professional and business services2.............................................................................................
Educational services, health care and social assistance...............................................................
Arts, entertainment, recreation, accommodation, and food services.............................................
Other services, except government................................................................................................
Government...................................
General government................
Government enterprises..........
Rest of the world 3..........................................................................................................................................
1
2
3
4
b
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2004
2005
2006
2007
227,340
230,535
234,742
237,016
228,833
232,117
236,349
238,726
193,071
196,351
200,454
202,391
2,570
1,468
1,102
1,105
1,041
14,272
27,534
17,189
10,345
10,914
22,324
7,543
5,618
13,846
29,336
28,874
18,157
9,937
2,488
1,376
1,112
1,233
1,021
14,995
27,193
17,147
10,046
11,096
22,436
7,683
5,606
14,188
30,381
29,680
18,492
9,859
2,487
1,357
1,130
1,374
1,026
15,845
27,383
17,328
10,055
11,379
22,497
7,792
5,533
14,325
31,823
30,273
18,752
9,965
2,691
1,466
1,225
1,462
1,056
15,712
26,880
16,983
9,897
11,591
22,500
7,922
5,519
14,273
32,620
31,182
18,926
10,057
35,762
35,766
35,895
36,335
32,210
3,552
32,245
3,521
32,400
3,495
32,800
3,535
-1,493
-1,582
-1,607
-1,710
1. NAICS crop and animal production.
2. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services.
3. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Table 6.1O . Employer Contributions for Government Social Insurance by Industry
D
[Millions of dollars]
Line
Employer contributions for government social insurance......................................................
Domestic industries........................................................................................................................................
Private industries........................................................................................................................................
Agriculture, forestry, fishing, and hunting........................................................................................
Mining..............................................................................................................................................
Utilities.............................................................................................................................................
Construction.....................................................................................................................................
Manufacturing..................................................................................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Wholesale trade..............................................................................................................................
Retail trade.......................................................................................................................................
Transportation and warehousing.....................................................................................................
Information.......................................................................................................................................
Finance and insurance, real estate, rental, and leasing.................................................................
Professional, and business services 1............................................................................................
Educational services, health care, and social assistance..............................................................
Arts, entertainment, recreation, accommodation, and food services.............................................
Other services, except government................................................................................................
Government..................................................................................................................................................
Rest of the w orld..............................................................................................................................................
1
2
3
4
b
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
2004
2005
2007
408,342
428,077
448,514
464,690
408,342
428,077
448,514
464,690
346,512
363,635
380,818
393,817
2,479
2,818
3,034
26,622
56,767
37,244
19,524
23,525
30,836
16,120
14,637
36,363
61,365
45,415
18,068
8,461
2,428
3,224
3,078
28,593
58,033
38,322
19,711
24,757
31,808
16,699
14,879
38,700
66,279
47,546
18,880
8,733
2,495
3,712
3,152
30,647
59,028
39,375
19,653
26,117
32,325
17,206
15,335
41,484
70,660
49,891
19,738
9,027
2,624
4,052
3,279
31,409
58,979
39,205
19,774
27,242
32,737
17,808
15,746
43,593
74,057
52,381
20,578
9,333
61,830
64,442
67,696
70,873
1. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
2006
August 2008
Survey of Current Business
Table 6.11D. Employer Contributions for Employee Pension and
Insurance Funds by Industry and by Type
139
Table 6.12D. Nonfarm Proprietors’ Income by Industry
[Millions of dollars]
[Millions of dollars]
Line
Employer contributions for
employee pension and insurance
fund s....................................................
2004
Line
2005
2006
2007
M ining..........................................................................
1
868,546
926,044
956,806
991,929
By industry
Domestic industries..........................................
Private industries...........................................
Agriculture, forestry, fishing, and hunting
Mining.......................................................
Utilities..
Construction..............................................
Manufacturing...........................................
Durable goods.......................................
Nondurable goods.................................
Wholesale trade........................................
Retail trade................................................
Transportation and warehousing..............
Information................................................
Finance, insurance, real estate, rental,
and leasing............................................
Professional and business services 1
Educational services, health care, and
social assistance...................................
Arts, entertainment, recreation,
accommodation, and food services
Other services, except government
Governm ent....................................................
Rest of the w o rld ................................................
Pension and profit-sharing...........................
Private pension and profit-sharing...........
Defined benefit pension and profitsharing ..............................................
Defined contribution pension and profitsharing ..............................................
Publicly administered government
employee retirement plans...................
Federal civilian 2 ..................................
Federal military 3...................................
State and local.....................................
Private insurance funds................................
Group insurance.......................................
Group health insurance........................
Group life insurance.............................
Workers’ compensation............................
Supplemental unemployment...................
2
3
4
5
6
7
8
9
10
11
12
13
14
868,546
926,044
956,806
991,929
Manufacturing...........................................................
593,147
626,493
642,440
660,688
2,293
6,281
13,712
39,158
158,999
101,067
57,932
34,165
35,679
33,535
26,750
2,026
5,865
11,201
42,762
146,392
95,102
51,290
38,804
41,101
32,205
28,628
2,093
5,943
9,901
41,801
162,891
101,175
61,716
40,001
42,688
29,972
29,431
2,266
6,241
11,025
43,823
163,959
105,153
58,805
41,810
43,988
29,986
30,938
Durable goods....................................................
Nondurable goods..............................................
15
16
66,165
76,137
69,342
92,274
71,108
93,253
70,640
97,324
17
64,220
76,983
75,198
79,060
18
19
20
21
20,091
15,961
21,556
17,354
21,517
16,642
22,135
17,493
275,399
299,551
314,366
331,241
Pension and profit-sharing.......................
Private pension and profit-sharing
Publicly administered government
employee retirement plans...............
Federal civilian 2..............................
Federal military 3..
State and local
Private insurance funds
Group insurance
Group health insurance....................
Group life insurance.........................
Workers’ compensation........................
Supplemental unemployment...............
Employee contributions for publicly
administered government employee
retirement plans........................................
Federal civilian..........................................
State and local..........................................
Wholesale tra d e ........................................................
Retail trad e.................................................................
Transportation and warehousing.........................
Information.................................................................
Finance, insurance, real estate, rental, and
leasing....................................................................
Finance and insurance.......................................
Real estate and rental and leasing....................
Professional and business services....................
Professional, scientific, and technical services...
Legal services.................................................
Computer systems design and related
services......................................................
Miscellaneous professional, scientific, and
technical services 1....................................
Management of companies and enterprises;
administrative and waste management
services..........................................................
Educational services, health care, and social
assistance..............................................................
2006
2007
1
2
3
4
5
6
7
8
9
10
11
12
749,980
839,701
892,474
893,498
5,847
6,698
6,807
7,113
24,730
32,644
41,008
45,271
26,127
13
14
15
16
17
18
18,367
19,732
24,883
97,885
109,826
113,247
91,601
63,786
71,038
83,088
83,973
27,905
35,881
30,821
40,217
34,628
48,460
34,584
49,389
24,164
26,826
29,492
31,314
44,788
50,267
51,264
52,065
26,265
30,124
32,038
33,554
15,467
25,826
27,343
28,094
116,677
134,046
126,147
119,808
53,930
62,747
56,018
78,028
63,251
62,896
67,128
52,680
184,475
198,158
216,302
228,208
158,258
53,077
172,406
54,878
183,723
59,009
193,533
62,691
19
11,340
11,683
12,719
14,234
20
93,841
105,845
111,995
116,608
21
26,217
25,752
32,579
34,675
22
23
24
81,138
82,416
87,994
92,040
3,338
77,800
3,225
79,191
3,730
84,264
3,980
88,060
17,473
20,098
20,457
21,245
10,866
6,607
12,099
7,999
12,533
7,924
13,192
8,053
28,918
32,002
32,404
33,085
868,546
926,044
956,806
991,929
Educational services...........................................
Health care and social assistance.....................
334,972
185,239
353,058
190,732
371,800
199,239
383,679
199,938
Arts, entertainment, recreation,
accommodation, and food services................
25
92,780
89,718
93,307
88,641
Arts, entertainment, and recreation...................
Accommodation and food services....................
26
92,459
101,014
105,932
111,297
Other services, except government.....................
183,741
54,338
60,173
69,230
608,250
549,342
532,064
17,278
57,221
1,687
1. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering,
and related services; specialized design services; management, scientific, and technical consulting services;
scientific research and development services; advertising and related services; and other professional, scien
tific, and technical services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
27
28
29
30
31
32
33
34
35
36
149,733
47,534
46,762
55,437
533,574
475,678
463,083
12,595
56,129
1,767
37
38
39
1,161,785
573,766
331,773
610,182
352,207
638,274
360,849
668,029
368,837
40
41
42
43
44
45
46
47
48
49
241,993
58,283
43,129
140,581
588,019
544,856
527,085
17,771
41,413
1,750
257,975
62,187
46,138
149,650
628,698
586,027
566,528
19,499
41,000
1,671
277,425
67,270
48,527
161,628
646,327
603,781
583,755
20,026
40,906
1,640
299,192
71,893
52,104
175,195
676,554
635,113
614,347
20,766
39,826
1,615
162,326
48,589
51,887
61,850
572,986
510,877
497,699
13,178
60,386
1,723
172,561
52,268
54,955
65,338
585,006
522,392
506,940
15,452
60,917
1,697
25
26
27
28
Table 6.13D. Noncorporate Capital Consumption Allowances by
Industry
[Millions of dollars]
1,238,880 1,284,601 1,344,583
Line
Noncorporate capital consumption
allow ances......................................................
Agriculture, forestry, fishing, and hunting...............
Farms 1.....................................................................
Forestry, fishing, and related activities.....................
M ining................................................................................
Utilities...............................................................................
Construction....................................................................
Manufacturing..................................................................
Durable goods
Nondurable goods....................................................
50
51
52
47,773
50,012
53,024
55,631
16,625
31,148
17,748
32,264
19,073
33,951
19,911
35,720
Wholesale trade
Retail tra d e ......
Transportation and warehousing................................
1. Consists of professional, scientific, and technical services; management of companies and enterprises;
and administrative and waste management services.
2. Consists of civil service, foreign service, Public Health Service officers, Tennessee Valley Authority, Thrift
Savings Fund, and several small retirement programs.
3. Includes the Coast Guard. Beginning with October 2002, includes the Uniformed Services Retiree Health
Care Fund.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
2005
22
23
24
Addenda:
Benefits paid by pension and insurance
fu n d s............................................................
Utilities........................................................................
Construction.............................................................
By type
Employer contributions for employee
pension and insurance fund s.....................
Nonfarm proprietors’ incom e...................
Forestry, fishing, and related activities..............
2004
Inform ation......
Finance, insurance, real estate, rental, and leasing
Finance and insurance.............................................
Real estate and rental and leasing 2.......................
Professional and business services..........................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
2004
2005
2006
281,473 263,795 278,961
2007
302,852
21,440
22,353
23,426
24,442
18,955
2,485
19,902
2,451
20,989
2,437
21,732
13,059
12,809
15,872
18,531
6,599
6,453
7,015
8,131
13,841
13,757
14,197
16,181
20,428
18,184
19,308
21,024
6,692
13,736
5,412
12,772
6,068
13,240
6,276
14,748
4,519
4,387
4,763
5,367
8,797
8,223
7,885
8,403
12,622
12,549
13,251
15,794
36,105
29,457
31,308
32,955
95,911
91,131
95,054
99,535
7,667
88,244
6,426
84,705
7,045
88,009
7,200
92,335
19,169
18,053
19,046
20,873
12,183
10,718
11,506
Professional, scientific, and technical services........
Management of companies and enterprises;
administrative and waste management services
20
6,986
7,335
7,540
Educational services, health care, and social
assistance....................................................................
21
11,000
10,075
9,982
??
?3
884
10,116
817
9,258
1,068
8,914
24
15,743
14,085
15,458
4,735
11,008
4,022
10,063
4,369
11,089
2,240
2,280
2,395
Health care and social assistance............................
Arts, entertainment, recreation, accommodation,
and food services.......................................................
Accommodation and food services..........................
Other services, except government...........................
?fi
27
10,730
17,621
3,266
1. Consists of NAICS crop and animal production.
2. Excludes owner-occupied housing and nonprofit institutions serving households.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
140
Income and Employment by Industry
Table 6.14D. Inventory Valuation Adjustment to Nonfarm Incomes by
Legal Form of Organization and by Industry
August 2008
Table 6.15D. Net Interest by Industry
[Millions of dollars]
[Millions of dollars]
Line
2004
Line
Inventory valuation adjustment to nonfarm
incom es...........................................................
Corporate business.........................................................
Mining.........................................................................
Utilities........................................................................
Construction..............................................................
Manufacturing............................................................
Durable goods.......................................................
Nondurable goods.................................................
Wholesale trade........................................................
Retail trade................................................................
Transportation and warehousing...............................
Information................................................................
Other1.................
Noncorporate business
Mining...................
Construction.........
Manufacturing............................................................
Durable goods.......................................................
Nondurable goods.................................................
Wholesale trade....
Retail trade...........
Other2 .......................................................................
2005
2006
2007
1
2
Net interest....................................................
Domestic industries................................................
1
2
Agriculture, forestry, fishing, and hunting...........
Mining.................................................................
Utilities..........
Construction...
Manufacturing
Durable goods................................................
Nondurable goods..........................................
Wholesale trade..................................................
Retail trade....
Transportation and warehousing.........................
Information..........................................................
Finance, insurance, real estate, rental, and
leasing............................................................
Finance and insurance...................................
Real estate and rental and leasing................
Professional and business services...................
Professional, scientific, and technical services
Management of companies and enterprises
Administrative and waste management
services......................................................
Educational services, health care, and social
assistance.......................................................
Arts, entertainment, recreation, accommodation,
and food services............................................
Other services, except government...................
-48,639 -42,685 -43,323 -57,917
-43,092 -37,805 -39,494 -51,159
3
-828 -1,950
146
4
824
-444
-933
-787
5 -1,498
-708
6 -22,509 -18,390 -22,082
7 -14,390 -7,128 -16,671
8 -8,119 -11,262 -5,411
9 -10,097 -7,674 -11,593
10 -6,894 -6,167 -4,429
11
-380
-588
8
379
12
-120
-415
13
-821 -1,196 -1,245
14 -5,547 -4,880 -3,829
15
-624
256
-435
-374
-381
16
-689
17 -1,877 -1,500 -1,627
18 -1,028
-451 -1,023
-604
19
-849 -1,049
20
-891
-766 -1,173
21 -1,065
-961
-646
22
-401
-844
-258
-1,170
-208
-378
-22,424
-10,167
-12,257
-16,748
-7,527
-906
-276
-1,522
-6,758
-435
-202
-2,242
-761
-1,481
-1,824
-1,091
-964
1. Consists of forestry, fishing, and related activities; finance and insurance; real estate and rental and
leasing; professional, scientific, and technical services; management of companies and enterprises; adminis
trative and waste management services; educational services; health care and social assistance; arts, enter
tainment, and recreation; accommodation and food services; and other services, except government.
2. Consists of forestry, fishing, and related activities; utilities; transportation and warehousing; information;
finance and insurance; real estate and rental and leasing; professional, scientific, and technical services;
management of companies and enterprises; administrative and waste management services; educational
services; health care and social assistance; arts, entertainment, and recreation; accommodation and food
services; and other services, except government.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
3
4
5
6
7
8
9
10
11
12
13
2004
2005
2006
2007
475,936
552,041
612,146
644,370
587,019
692,082
794,780
879,592
10,178
5,488
24,761
6,006
29,616
2,009
27,607
7,298
12,931
8,469
26,251
11,397
5,588
21,654
7,891
39,018
10,064
28,954
9,323
17,867
10,410
27,119
12,898
5,561
19,083
11,156
44,359
12,540
31,819
14,389
24,766
10,749
25,190
13,786
5,621
21,357
12,490
42,639
9,131
33,508
14,867
26,379
11,921
27,829
14 437,468 520,138 588,907 657,437
15 -83,561 -68,189 -86,770 -84,263
16 521,029 588,327 675,677 741,700
17 -3,719
8,364
-3,654
12,672
1,494
1,703
2,041
1,252
18
6,694
19 -8,585 -9,487
3,085
20
3,163
3,792
4,027
4,484
21
5,392
5,968
7,368
8,382
17,151
2,212
19,592
2,398
21,549
2,663
14,804
22
23
2,076
24 -111,083
25 118,274
26 229,356
Rest of the w orld.......................................................
Receipts from the rest of the world....................
Less: Payments to the rest of the world.............
-140,041 -182,634 -235,222
186,542
326,582
283,575 349,573
466,209 584,795
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Table 6.16D. Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Corporate profits with inventory valuation
and capital consumption adjustments
Domestic industries............................................
Financial1.........................................................
Nonfinancial.......................................................
Rest of the world.................................................
Receipts from the rest of the world...................
Less: Payments to the rest of the world............
Corporate profits with inventory valuation
adjustment...............................................
Domestic industries
Financial........
Federal Reserve banks.................................
Other financial2 ............................................
Nonfinancial...,
Utilities.......
Manufacturing................................................
Durable goods...........................................
Fabricated metal products....................
Machinery..............................................
Computer and electronic products.......
Electrical equipment, appliances, and
components.......................................
Motor vehicles, bodies and trailers, and
parts..................................................
Other durable goods 3...........................
Nondurable goods.....................................
Food and beverage and tobacco
products............................................
Petroleum and coal products................
Chemical products.................................
Other nondurable goods 4....................
Wholesale trade............................................
Retail trade....................................................
Transportation and warehousing..................
Information....................................................
Other nonfinancial5 ......................................
Rest of the world.................................................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
1,231.2 1,447.9 1,668.5 1.642.4 1,294.8 1,438.2 1,472.4 1,342.6 1,538.6 1,634.2 1,681.6 1,713.8 1,644.5 1,617.8 1,672.5 1,668.3 1,611.1 1.593.5
1,037.8 1,208.5 1,401.0 1,297.8 1,115.8 1,204.0 1,239.1 1,089.7 1,301.3 1,383.7 1,412.0 1,453.3 1,355.1 1,319.7 1,369.7 1,311.9 1,189.7 1.195.1
356.2
681.6
407.1
801.4
462.1
939.0
429.7
868.1
409.8
706.0
453.8
750.2
419.4
819.7
342.7
747.0
412.6
888.7
453.8
930.0
477.0
935.0
456.6
996.7
460.9
894.2
436.1
883.6
473.1
896.6
439.3
872.6
370.3
819.5
407.6
787.4
421.3
398.5
553.1
131.8
556.8
158.3
193.4
239.4
267.5
344.7
179.0
234.2
233.3
252.9
237.4
250.5
269.7
260.5
289.4
298.1
302.9
356.4
316.4
123.0
384.1
144.6
438.9
171.4
509.2
164.5
326.6
147.6
373.3
139.1
374.6
141.3
384.3
131.3
404.1
166.8
413.3
162.9
439.6
169.9
445.7
185.2
457.0
167.6
460.5
162.5
494.7
191.8
528.4
172.0
1,161.6 1,582.8 1,834.2 1,835.1 1,244.3 1,555.3 1,594.0 1,497.1 1,684.6 1,778.7 1,841.6 1,887.2 1,829.3 1,794.7 1,859.5 1,866.1 1,820.2 1.641.5
968.2 1,343.3 1,566.7 1.490.5 1,065.4 1,321.2 1,360.8 1,244.2 1,447.2 1,528.3 1,571.9 1,626.7 1,540.0 1,496.6 1,556.7 1,509.7 1,398.9 1.243.1
348.9
20.0
328.9
619.3
18.6
152.7
38.3
11.9
7.2
-4.9
425.3 478.8 449.9
37.7
26.6
33.8
398.7 445.0 412.2
918.1 1,087.9 1.040.6
28.9
55.6
58.5
243.8 304.3 316.6
93.3 115.9 127.4
19.2
21.7
17.8
20.0
22.3
14.9
7.9
14.1
13.5
405.7
21.9
383.8
659.6
22.8
170.0
45.6
14.4
7.9
-2.9
470.0
22.9
447.1
851.1
27.1
242.7
87.0
16.9
11.5
4.8
437.3
25.5
411.8
923.4
28.4
239.3
96.6
18.1
13.9
8.0
362.3 431.4 470.0 493.1 473.3 478.8 454.1 492.7 460.3 392.4
26.8
31.0
33.6
34.9
38.2
37.5
31.0
35.8
38.5
36.5
335.5 400.4 439.0 459.5 437.5 443.8 415.9 454.2 422.8 355.9
881.9 1,015.8 1,058.3 1,078.8 1,153.4 1,061.2 1,042.5 1,064.0 1,049.3 1,006.5
21.7
38.2
54.7
58.7
44.9
53.5
62.5
61.4
57.2
63.2
241.6 251.6 279.2 305.8 333.5 298.9 317.0 350.8 306.6 292.1
94.4
95.3 110.8
99.8 127.0 126.1 127.2 123.1 130.9 128.3
16.8
20.8
20.7
19.5
17.8
17.6
21.5
20.0
22.5
22.8
18.5
19.6
19.7
20.8
22.7
22.4
15.8
19.8
22.2
22.0
8.2
10.5
10.5
15.1
16.4
9.0
17.6
13.3
13.2
15.4
412.8
35.8
377.1
830.2
46.2
240.5
85.5
18.9
19.2
14.4
10.9
-2.3
-3.3
-3.2
-0.5
0.7
4.1
7.6
10.2
11.8
11.6
9.6
10.7
11.5
6.9
0.1
54.2
150.5
-8.4
62.6
188.4
-5.9
64.9
189.3
-9.9
38.4
124.4
3.7
53.5
155.7
4.0
55.8
142.7
-1.0
52.5
147.1
-6.1
54.9
156.3
-5.9
61.7
168.4
-9.1
48.5
206.0
-9.8
71.7
206.4
-9.0
68.5
172.9
-8.7
63.7
189.8
-2.7
64.8
227.8
-4.4
66.8
175.7
-7.7
64.3
163.8
-19.9
46.1
155.0
24.2
48.9
25.4
16.0
79.2
91.1
14.1
43.9
219.7
26.2
78.9
25.8
19.6
97.3
120.4
29.1
79.7
318.9
33.8
77.5
53.8
23.4
107.5
132.3
42.5
91.1
354.7
38.5
66.9
66.4
17.5
102.6
132.3
42.7
103.0
284.9
22.6
66.9
21.8
13.1
76.8
89.2
9.6
52.3
239.0
26.7
71.9
38.5
18.7
90.4
102.3
26.2
74.9
287.4
24.7
75.1
21.9
21.0
109.5
126.7
29.1
84.4
306.0
26.1
80.6
20.1
20.3
85.5
114.8
28.0
76.9
313.5
27.3
88.0
22.7
18.3
103.8
137.8
33.1
82.5
368.8
28.1
75.4
46.3
18.6
102.3
133.5
39.3
87.2
371.8
31.5
91.5
59.0
24.1
94.5
126.0
44.2
91.3
363.7
36.9
88.1
61.4
20.0
128.3
132.1
42.2
95.8
359.1
38.7
54.8
48.4
30.9
104.9
137.5
44.4
89.9
324.2
33.5
71.7
62.1
22.5
108.2
132.8
40.7
100.8
285.8
42.7
106.7
64.6
13.8
112.7
145.9
45.4
85.0
269.4
39.2
55.6
65.1
15.9
109.1
126.0
47.0
108.4
293.5
38.7
33.6
73.8
17.8
80.2
124.5
37.7
117.9
290.9
34.8
48.8
60.2
11.1
49.2
112.0
24.4
106.0
252.0
193.4
239.4
267.5
344.7
179.0
234.2
233.3
252.9
237.4
250.5
269.7
260.5
289.4
298.1
302.9
356.4
421.3
398.5
0.3
-7.6
31.3
114.5
-1.6
1. Consists of finance and insurance and bank and other holding companies.
2. Consists of credit intermediation and related activities; securities, commodity contracts, and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other financial vehicles; and bank and other
holding companies.
3. Consists of wood products; nonmetallic mineral products; primary metals; other transportation equipment; furniture and related products; and miscellaneous manufacturing.
4. Consists of textile mills and textile product mills; apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products.
5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educational services; health care and
social assistance; arts, entertainment, and recreation; accommodation and food services; and other services, except government.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
Survey of Current Business
141
Table 6.17D. Corporate Profits Before Tax by Industry
[Millions of dollars]
Line
Corporate profits before ta x ..................
Domestic industries.............................................
Agriculture, forestry, fishing, and hunting
Farms 1.......................................................
Forestry, fishing, and related activities.......
Mining..................................................................
Oil and gas extraction..................................
Mining, except oil and gas...........................
Support activities for mining.......................
Utilities................................................................
Construction......................................................
Manufacturing....................................................
Durable goods.............................................
Computer and electronic products.........
Electrical equipment, appliances, and
components.........................................
Motor vehicles, bodies and trailers, and
parts....................................................
2004
2005
2006
2007
1
2
3
4
5
6
7
8
q
10
11
1k!
13
14
15
16
17
18
19
1,204,666
1,620,576
1,873,708
1,886,297
Information.........................................................
1,011,273
1,381,134
1,606,200
1,541,635
4,071
4,152
Publishing industries (includes software)....
Motion picture and sound recording
57,201
55,366
3,348
4,720
2,260
1,088
3,147
1,573
23,897
43,701
21,400
1,998
499
33,024
7,616
3,061
Information and data processing services
Petroleum and coal products..................
Plastics and rubber products..................
Durable goods.............................................
Transportation and warehousing..................
19,048
29,795
54,745
58,675
55,960
83,884
85,949
6,045
175,224
262,186
326,410
339,070
52,649
5,474
5,426
11,070
15,509
9,618
-5,190
100,470
5,658
9,180
13,634
19,027
16,030
7,909
132,577
137,532
?n
1,161
-1,032
?1
99
?3
?4
?5
-6,311
4,663
2,415
8,812
122,575
1,080
13,887
4,154
10,942
161,716
26
?7
28
?9
30
31
3?
33
34
35
36
37
38
39
40
41
4?
25,653
580
3,258
5,624
3,794
50,207
28,520
4,939
27,576
655
3,619
6,920
5,321
81,911
30,245
5,469
89,308
104,973
45,100
44,208
59,370
45,602
97,947
43
44
45
46
698
1,025
9,313
696
815
1,184
12,682
1,329
Real estate and rental and leasing...............
Real estate..................................................
Rental and leasing services and lessors of
intangible assets 3...................................
2004
2006
2005
47
48
43,494
79,795
18,504
26,508
49
50
51
52
53
54
7,098
10,308
7,584
-443
47,777
5,953
209,914
264,487
20,032
83,165
26,558
94,733
26,721
55,503
24,493
34 372
61,167
47,658
13,236
28,299
14,200
2007
20,085
55
56
57
58
59
60
-963
35,377
41,235
9,450
103,302
306,748
285,650
27,122
27,171
49,135
58,140
8,214
fi1
6?
91,465
12,097
Professional, scientific, and technical
Computer systems design and related
63
2,504
128
64
23,422
29,010
65
138,992
160,772
172,037
164,238
66
67
15,369
23,292
22,320
24,473
12,446
18,878
68
69
70
71
2,923
4,414
Miscellaneous professional, scientific, and
Management of companies and
enterprises 5 .................................................
193,832
201,538
Administrative and waste management
services..........................................................
Administrative and support services...........
Waste management and remediation
services...................................................
Health care and social assistance...............
4,205
5,172
5,656
5,724
42,791
52,796
59,013
60,542
7,272
6,043
25,147
26,695
30,052
36,325
72
73
74
7,593
5,147
9,622
6,848
4,847
6,418
75
2,983
3,641
7fi
77
1,864
2,777
15,795
21,813
3,805
11,989
5,859
15,955
Hospitals and nursing and residential care
119,127
119,302
126,570
136,681
139,818
14,477
29,692
42,518
43,592
-6,716
2,610
538
6,313
-4,289
7,134
1,270
9,568
Transit and ground passenger
Other transportation and support activities2
Warehousing and storage...........................
Finance and insurance....................................
Credit intermediation and related activities
Securities, commodity contracts, and
Food and beverage and tobacco
Apparel and leather and allied products
Line
Arts, entertainment, and recreation.............
Performing arts, spectator sports,
Amusements, gambling, and recreation
industries.................................................
78
Other services, except government.............
Rest of the world 6...............................................
Receipts from the rest of the world.................
Less; Payments to the rest of the world..........
79
80
81
82
83
8,045
11,534
13,583
193,394
239,442
267,509
344,664
316,386
122,992
384,055
144,614
438,920
171,411
509,180
164,517
13,639
1. NAICS crop and animal production.
2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
5. Consists of bank and other holding companies.
6. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from foreign corporations, and, for U.S. corporations, their share of reinvested earnings of their incorporated foreign affiliates, and earnings of unin
corporated foreign affiliates (line 82), net of corresponding payments (line 83).
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Income and Employment by Industry
142
A u gu st
2008
Table 6.18D. Taxes on Corporate Income by Industry
[Millions of dollars]
Line
Taxes on corporate incom e.
2004
2005
2007
2006
307.352
413.695
468.921
307.352
413.695
468.921
989
Farms1........................................................
Forestry, fishing, and related activities........
1,112
856
257
858
765
224
M ining.................................................................
4,674
11,139
14,050
Oil and gas extraction.................................
Mining, except oil and gas.........................
Support activities for mining......................
3,711
649
314
8,188
1,666
1,285
Domestic industries..........................
Agriculture, forestry, fishing, and hunting
Utilities................................................................
5,326
9,733
13,024
Construction....................................................
8,026
11,666
10,187
79,593
119,180
130,197
27,122
787
1,472
2,600
3,576
2,521
6,457
45,636
888
2,590
3,560
4,250
5,752
12,062
50,200
2,342
2,144
1,878
2,090
496
2,903
52,471
5,235
3,860
1,011
4,284
73.543
10,361
362
734
1,730
686
22,188
15,659
751
14,625
303
791
2,878
785
29.543
23,700
920
21,626
24,509
8,728
12,898
10,666
13,843
26,814
33,933
35,799
5,871
8,513
10,166
150
544
425
1,087
298
1,857
304
1.704
65
326
3,170
72
390
3.704
Manufacturing................................................
Durable goods.............................................
Wood products........................................
Nonmetallic mineral products.................
Primary metals........................................
Fabricated metal products......................
Machinery................................................
Computer and electronic products.........
Electrical equipment, appliances, and
components.........................................
Motor vehicles, bodies and trailers, and
parts....................................................
Other transportation equipment..............
Furniture and related products...............
Miscellaneous manufacturing.................
Nondurable goods.......................................
Food and beverage and tobacco
products...............................................
Textile mills and textile product mills.......
Apparel and leather and allied products
Paper products........................................
Printing and related support activities....
Petroleum and coal products..................
Chemical products...................................
Plastics and rubber products..................
Wholesale trade.......................
Durable goods.......................
Nondurable goods.................
Retail trade................................
Transportation and warehousing
Air transportation...................
Rail transportation.................
Water transportation..............
Truck transportation.....................................
Transit and ground passenger
transportation..........................................
Pipeline transportation.................................
Other transportation and support activities:
79,997
30,461
Warehousing and storage...........................
450.384
Information....................................................
450.384
Publishing industries (includes software)....
949
Motion picture and sound recording
industries................................................
Broadcasting and telecommunications......
14,322
Information and data processing services
Finance and insurance.................................
Federal Reserve banks...............................
Credit intermediation and related activities
15,894
Securities, commodity contracts, and
investments.............................................
3,077
Insurance carriers and related activities....
129,858
Funds, trusts, and other financial vehicles
47,495
Real estate and rental and leasing.............
Real estate..................................................
Rental and leasing services and lessors of
intangible assets3...................................
Professional, scientific, and technical
services.....................................................
Legal services.............................................
Computer systems design and related
services..................................................
Miscellaneous professional, scientific, and
technical services4 .................................
Management of companies and
enterprises5...............................................
82,363
Administrative and waste management
services.....................................................
Administrative and support services..........
Waste management and remediation
services..................................................
Educational services....................................
Heath care and social assistance..............
Ambulatory health care services...............
Hospitals and nursing and residential care
31,706
facilities...................................................
Social assistance........................................
Arts, entertainment, and recreation...........
40,100
Performing arts, spectator sports,
museums, and related activities............
9,429
Amusements, gambling, and recreation
industries................................................
Accommodation and food services...........
Accommodation..........................................
Food services and drinking places............
Other services, except government...........
Rest of the world..............................................
Line
2004
2005
2007
2006
104
184
17,645
26,182
7,788
10,054
1,473
6,732
1.653
494
13,551
2,083
77,577
88,163
18,078
18,874
21,468
18,158
7,890
30,811
1,924
13,137
33,414
1,986
3,852
5,656
3,098
5,906
375
107,593
84,673
7,128
8,767
7,736
9,424
1,607
5,174
38,657
4,048
754
32,278
487
1,210
1,167
3,589
4,252
38,825
50,992
52,022
44,635
1,961
3,902
3,176
3,802
1,628
3,371
332
530
653
799
736
772
4,047
4,914
5,519
4,081
1.653
2,163
1,511
884
1,761
990
570
847
1,357
1,371
303
458
5,425
7,547
266
389
3,236
5,463
1,421
1,815
2,250
3,213
894
1,087
1,209
1,323
0
0
0
0
1. NAICS crop and animal production.
2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and development
services; advertising and related services; and other professional, scientific, and technical services.
5. Consists of bank and other holding companies.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
143
Survey of Current Business
Table 6.19D. Corporate Profits After Tax by Industry
[Millions of dollars]
Line
Corporate profits after ta x .....................
Domestic industries.............................................
Agriculture, forestry, fishing, and hunting
Farms1.........................................................
Forestry, fishing, and related activities.......
Mining.................................................................
Oil and gas extraction..................................
Mining, except oil and gas..........................
Support activities for mining.......................
Utilities...............................................................
Construction......................................................
Manufacturing...................................................
Durable goods.............................................
Nonmetallic mineral products.................
Fabricated metal products......................
Machinery................................................
Computer and electronic products.........
Electrical equipment, appliances, and
components.........................................
Motor vehicles, bodies and trailers, and
parts....................................................
Other transportation equipment.............
Furniture and related products...............
Miscellaneous manufacturing.................
Nondurable goods.......................................
Food and beverage and tobacco
Textile mills and textile product mills.......
Apparel and leather and allied products
Printing and related support activities....
Petroleum and coal products..................
Chemical products...................................
Plastics and rubber products..................
Wholesale trade................................................
Retail trade.........................................................
Transportation and warehousing.................
Rail transportation.......................................
Water transportation....................................
2004
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
2005
2007
Line
1,435,913
Inform ation........................................................
1,137,278
1,091,249
2,358
3,608
3,213
3,203
Publishing industries (includes software)....
Motion picture and sound recording
1,495
864
2,292
1,316
19,223
32,562
17,688
1,350
184
24,836
5,950
1,776
Broadcasting and telecommunications......
Information and data processing services
43,151
41,044
Finance and insurance...................................
Credit intermediation and related activities
Securities, commodity contracts, and
13,722
20,062
41,721
42,782
47,935
72,218
75,762
2,968
95,632
143,006
196,213
209,211
25,527
4,688
3,954
8,470
11,933
7,097
-11,647
54,833
4,770
6,590
10,075
14,777
10,278
-4,153
82,377
90,037
-4,155
10,027
3,143
6,658
88,173
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
15,292
218
2,524
3,894
3,107
28,019
12,861
4,188
80,464
36,372
31,310
43
44
45
46
633
699
6,143
592
743
794
8,977
1,145
16,454
49
50
51
52
53
54
5,625
3,577
5,931
-937
34,226
3,871
132,338
176,323
1,954
64,292
5,090
76,574
55
56
57
58
59
18,831
24,692
22,569
21 235
27,751
45,672
9,385
22,643
11,101
16,037
60
-1,717
6,606
30,203
35,328
9 076
11 611
1 295
-1 040
19,833
24,757
65
100,167
66
67
13,408
10,817
15,507
68
69
70
71
2,591
3,884
59,187
64,644
199,155
200,977
19,994
18,404
41,399
48,716
109,780
120,015
119,603
19,391
19,144
20,671
Miscellaneous professional, scientific, and
48 704
31 760
71,133
53,613
10,715
2007
Computer systems design and related
12,951
352
2,828
4,042
4,537
52,368
6,546
4,549
67,682
Real estate..................................................
Rental and leasing services and lessors of
intangible assets3....................................
25,848
2006
Professional, scientific, and technical
-3,176
-8,189
2,574
1,919
5,909
70,104
Real estate and rental and leasing..............
47
48
64
1,404,787
967,439
21
22
23
24
25
2005
63
1,206,881
-1,181
2004
61
62
897,314
703,921
Management of companies and
enterprises5..................................................
113,835
119,175
Administrative and waste management
services..........................................................
Administrative and support services..........
Waste management and remediation
services...................................................
Heath care and social assistance................
3,551
4,374
4,920
4,952
38,744
47,882
53,494
56,460
5,915
4,673
19,722
19,148
28,399
34,162
72
73
74
6,082
4,263
7,861
5 858
4,277
5,571
75
2,679
3,183
76
77
1,598
2,388
12,559
16,351
2 384
10 175
3,609
12 742
Hospitals and nursing and residential care
88,666
87,596
92,637
100,882
99,718
8,607
21,179
32,352
34,163
-6,866
2,066
113
5,226
-4,587
5,277
966
7 864
Transit and ground passenger
Pipeline transportation................................
Other transportation and support activities2
2006
Arts, entertainment, and recreation............
Performing arts, spectator sports,
Amusements, gambling, and recreation
industries.................................................
78
Other services, except governm ent............
Rest of the world6................................................
Receipts from the rest of the world................
Less: Payments to the rest of the world.........
79
80
81
82
83
7,150
10,447
12,374
12,316
193,394
239,442
267,509
344,664
316,386
122,992
384,055
144,614
438,920
171,411
509,180
164,517
1. NAICS crop and animal production.
2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
5. Consists of bank and other holding companies.
6. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from foreign corporations, and, for U.S. corporations, their share of reinvested earnings of their incorporated foreign affiliates, and earnings of unin
corporated foreign affiliates (line 82), net of corresponding payments (line 83).
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
144
Income and Employment by Industry
August 2008
Table 6.20D. Net Corporate Dividend Payments by Industry
[Millions of dollars]
Line
Net corporate dividends........................
Domestic industries.............................................
Agriculture, forestry, fishing, and hunting
Farms1.........................................................
Forestry, fishing, and related activities.......
Mining..................................................................
Oil and gas extraction..................................
Mining, except oil and gas..........................
1
2
3
4
5
6
7
R
q
m
11
12
13
14
15
16
17
1R
1C
)
2004
2005
2006
539,471
577,353
702,081
788,660
491,694
316,492
628,805
671,085
3,843
4,351
6,396
6,875
2,761
1,082
2,984
1,367
6,397
4,160
4,696
1,445
256
1,296
1,553
1,311
Construction......................................................
Manufacturing...................................................
Computer and electronic products.........
Electrical equipment, appliances, and
17,092
17,624
10,618
13,291
17,589
36,364
43,310
33,369
113,675
-68,638
147,190
140,547
36,383
1,785
1,345
2,167
5,596
3,237
501
-29,918
1,610
811
2,607
3,624
925
-45,053
48,105
45,556
?n
10,612
6,794
?1
??
23
?4
25
832
3,709
1,033
5,563
77,293
-1,127
2,066
1,235
-3,409
-38,721
21,283
422
1,642
3,297
1,945
22,879
23,857
1,968
-3,288
432
1,515
-1,861
2,177
26,967
-68,647
3,984
Plastics and rubber products..................
Durable goods.............................................
31,934
38,090
16,142
15,792
16,946
21,145
27,666
Funds, trusts, and other financial vehicles
Real estate and rental and leasing...............
Real estate...................................................
Rental and leasing services and lessors of
intangible assets3....................................
49,345
12,490
37,527
3,479
49
50
51
52
53
54
2,095
9,549
174
-546
8,383
1,173
59,862
84,656
582
15,855
781
15,187
9,770
8,299
25,355
9,800
12,766
46,121
22,987
30,701
20,984
2007
28,731
23,289
27,285
93,416
109,884
55
56
57
58
59
30,356
31,586
36,248
49,324
BO
2,004
1,970
61
fi?
25,652
29,233
5,021
6,321
63
3,230
3,374
64
17,401
19,537
65
64,848
47,666
60,983
57,766
fifi
67
8,472
9,959
11,739
16,937
6,987
8,643
HH
fi9
70
71
1,485
1,316
Computer systems design and related
Management of companies and
99.085
94,991
28
?9
30
31
3?
33
34
35
3fi
37
3R
39
40
41
42
Administrative and waste management
Administrative and support services...........
Waste management and remediation
services...................................................
Educational services.......................................
Hospitals and nursing and residential care
48,944
36,353
38,726
7,114
8,557
11,439
13,226
574
850
355
1,546
324
1,036
249
2,769
43
44
45
46
205
593
2,499
492
280
656
2,645
599
1,163
1,171
289
14,612
16,946
20,532
31,994
12,097
13,461
1,017
1,498
1,454
2,032
4,707
4,768
12,845
17,733
4,802
5,525
75
51,882
27,355
1,164
72
73
74
2,363
3,438
/ts
77
7ft
79
80
81
82
83
2,439
2,087
7,865
9,996
2,212
5,653
2,752
7,244
Performing arts, spectator sports,
Amusements, gambling, and recreation
industries.................................................
Transit and ground passenger
Other transportation and support activities2
47
4R
2006
Miscellaneous professional, scientific, and
71
Printing and related support activities....
Petroleum and coal products..................
2005
Professional, scientific, and technical
Food and beverage and tobacco
Apparel and leather and allied products
Finance and insurance....................................
15,628
27,016
2004
Motion picture and sound recording
Credit intermediation and related activities
Securities, commodity contracts, and
Motor vehicles, bodies and trailers, and
Furniture and related products...............
Information.........................................................
Information and data processing services
26
U tilities................................................................
Line
2007
Rest of the w orld..................................................
Receipts from the rest of the world6...............
Less: Payments to the rest of the world7........
3,819
4,629
5,206
5,641
47,777
260,861
73,276
117,575
121,102
73,325
363,340
102,479
175,437
102,161
213,175
95,600
1. NAICS crop and animal production.
2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and development
services; advertising and related services; and other professional, scientific, and technical services.
5. Consists of bank and other holding companies.
6. Consists of (1) receipts by U.S. residents of dividends from foreign corporations, plus (2) earnings distributed by unincorporated foreign affiliates to their U.S. parents.
7. Consists of (1) payments by U.S. corporations of dividends to foreign residents, plus (2) earnings distributed by unincorporated U.S. affiliates to their foreign parents.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
August 2008
Survey of Current Business
145
Table 6.21D Undistributed Corporate Profits by Industry
.
[Millions of dollars]
Line
Undistributed corporate profits...........
Domestic industries.............................................
Agriculture, forestry, fishing, and hunting
Farms1.........................................................
Forestry, fishing, and related activities.......
Mining..................................................................
Oil and gas extraction..................................
Mining, except oil and gas..........................
U tilities ...............................................................
Construction......................................................
Manufacturing...................................................
Durable goods.............................................
Fabricated metai products......................
Machinery................................................
Computer and electronic products.........
Electrical equipment, appliances, and
components.........................................
Motor vehicles, bodies and trailers, and
parts....................................................
Nondurable goods.......................................
Food and beverage and tobacco
Textile mills and textile product mills.......
Apparel and leather and allied products
Petroleum and coal products..................
Chemical products...................................
Plastics and rubber products..................
Wholesale trade................................................
Nondurable goods.......................................
Transportation and warehousing.................
1
2
3
4
5
6
7
8
q
m
11
12
13
14
15
16
17
18
19
?n
2004
2005
Line
2007
357,843
629,528
702,706
647,253
Information........................................................
212,227
650,948
508,473
420,165
-3,183
-3,672
Publishing industries (includes software)....
Motion picture and sound recording
-1,484
-743
-1,266
-218
-692
-51
12,825
28,403
12,992
-95
-72
23,541
4,397
464
Information and data processing services
26,059
23,420
Finance and insurance...................................
Credit intermediation and related activities
Securities, commodity contracts, and
3,103
6,771
24,132
27,154
20,918
35,854
32,452
-30,401
-18,044
211,644
49,023
68,664
-10,856
2,903
2,609
6,303
6,337
3,859
-12,148
84,751
3,160
5,779
7,468
11,153
9,352
40,900
34,272
44,481
-11,793
-9,970
Funds, trusts, and other financial vehicles
Real estate and rental and leasing..............
Real estate..................................................
Rental and leasing services and lessors of
intangible assets3...................................
2004
2006
2005
47
48
-23,497
41,124
-26,811
12,975
49
50
51
52
53
54
3,530
-5,973
5,757
-391
25,843
2,697
72,476
91,667
1,372
48,436
4,309
61,387
55
56
57
58
59
9,061
16,393
-2,786
2007
11,435
14,985
-449
-13,603
-8,058
-9,882
35,898
37,359
105,739
91,093
-10,362
-13,182
5,151
-6 0 8
-12,694
60
-3,721
4,636
61
R9
4,551
6,096
4,054
5,289
63
-1 936
-4,414
Professional, scientific, and technical
Computer systems design and related
?1
??
?3
?4
25
-9,021
-1,135
886
346
-7,188
-3,028
7,962
1,908
10,067
126,894
26
?7
28
?9
30
31
3?
33
34
35
36
37
38
39
40
41
4?
-5,991
-204
882
597
1,163
5,140
-10,996
2,220
35,748
42,373
20,230
15,518
31,758
10,615
43,466
43
44
45
46
428
106
3,644
101
464
138
6,332
546
Miscellaneous professional, scientific, and
16,239
-79
1,313
5,902
2,360
25,401
75,193
565
64
Management of companies and
enterprises5..................................................
14,750
24,184
Administrative and waste management
services.........................................................
Administrative and support services..........
Waste management and remediation
services...................................................
Heath care and social assistance................
2,432
5,220
65
35,319
62,114
59,032
61,837
66
67
4,936
9,431
7,405
3,734
3,830
6,864
1,105
2,568
HH
69
70
71
2,387
3,210
3,749
4,663
24,131
30,935
32,962
24,466
1,208
-9 5
6,877
1,415
16,302
20,702
72
73
74
5,064
2,765
6,407
3,827
-525
46
75
316
-255
Hospitals and nursing and residential care
39,722
35,714
65,283
64,529
60,992
1,493
12,622
20,913
20,937
-7,440
1,216
-242
3,680
-4,910
4,241
717
5,095
Transit and ground passenger
Other transportation and support activities2
Warehousing and storage..........................
2006
Arts, entertainment, and recreation............
Performing arts, spectator sports,
Amusements, gambling, and recreation
industries................................................
Other services, except government............
Rest of the w orld.................................................
Receipts from the rest of the world6..............
Less: Payments to the rest of the world7.......
76
77
78
79
80
81
82
83
-841
301
4,693
6,355
172
4,522
857
5,498
3,332
5,819
7,168
6,675
145,616
-21,419
194,233
227,088
195,284
49,667
20,715
42,135
263,482
69,249
296,005
68,917
1. NAICS crop and animal production.
2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
5. Consists of bank ana other holding companies.
6. Consists of receipts by all U.S. residents of their share of the reinvested earnings of their incorporated foreign affiliates and reinvested earnings of their unincorporated foreign affiliates.
7. Consists of payments to foreign residents of their share of the reinvested earnings of their incorporated U.S. affiliates and reinvested earnings of their unincorporated U.S. affiliates.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Income and Employment by Industry
146
August 2008
Table 6.22D. Corporate Capital Consumption Allowances by Industry
[M n o d lla ]
illio s f o rs
Line
Corporate capital consumption
allowances.......................................
Agriculture, forestry, fishing, and hunting....
Farms1...........................................................
Forestry, fishing, and related activities..........
Mining...............................................................
Oil and gas extraction....................................
Mining, except oil and gas.............................
Support activities for mining.........................
Utilities..............................................................
Construction....................................................
Manufacturing..................................................
Durable goods...............................................
Wood products..........................................
Nonmetallic mineral products...................
Primary metals..........................................
Fabricated metal products........................
Machinery..................................................
Computer and electronic products............
Electrical equipment, appliances, and
components...........................................
Motor vehicles, bodies and trailers, and
parts......................................................
Other transportation equipment................
Furniture and related products.................
Miscellaneous manufacturing...................
Nondurable goods.........................................
Food and beverage and tobacco products
Textile mills and textile product mills.........
Apparel and leather and allied products....
Paper products..........................................
Printing and related support activities......
Petroleum and coal products....................
Chemical products.....................................
Plastics and rubber products....................
Wholesale trade...............................................
Durable goods...............................................
Nondurable goods.........................................
Retail trade.......................................................
Transportation and warehousing..................
Air transportation...........................................
Rail transportation.........................................
Water transportation......................................
Truck transportation.......................................
Transit and ground passenger transportation
Pipeline transportation...................................
2004
2005
2006
2007
Other transportation and support activities2...
Warehousing and storage................................
Information........................................................
Publishing industries (includes software)........
Motion picture and sound recording industries
22,854
Broadcasting and telecommunications...........
Information and data processing services......
Finance and insurance.....................................
Federal Reserve banks....................................
37,997
Credit intermediation and related activities.....
Securities, commodity contracts, and
24,081
investments..................................................
227,488
Insurance carriers and related activities.........
140,379
Funds, trusts, and other financial vehicles......
Real estate and rental and leasing.................
Real estate......................................................
Rental and leasing services and lessors of
intangible assets3........................................
Professional, scientific, and technical
services..........................................................
Legal services..................................................
Computer systems design and related
services.......................................................
Miscellaneous professional, scientific, and
technical services4......................................
Management of companies and enterprises5
87,109
Administrative and waste management
services..........................................................
Administrative and support services...............
Waste management and remediation services
Educational services........................................
Heath care and social assistance...................
Ambulatory health care services....................
Hospitals and nursing and residential care
68,286
facilities........................................................
Social assistance.............................................
Arts, entertainment, and recreation...............
48,124
Performing arts, spectator sports, museums,
and related activities....................................
53,017
Amusements, gambling, and recreation
industries.....................................................
Accommodation and food services...............
Accommodation...............................................
Food services and drinking places.................
Other services, except government...............
866,769
724,029
727,119
752,629
8,183
7,148
7,237
8,001
6,046
2,137
5,171
1,977
18,614
17,261
8.721
5,754
4,139
8,466
5.057
3,738
52.272
40,090
20,049
37,029
24,444
21,514
22,482
265,358
223,011
221,939
164,310
4,000
9,556
8,432
11,547
14,507
21.978
134,523
3,163
8,448
7,285
9,109
11,945
18,225
136,547
19.978
18,428
54,434
10,293
1,986
7,598
101,048
21,056
1,984
1,952
9.722
5.723
26,867
26,617
7,128
40,666
9,271
1,730
6,253
88,489
16,155
1,500
1,723
7,915
4,678
26,084
24,427
6,007
70,926
64,318
48,129
22,796
42,905
21,413
58,080
45,815
46,913
51,061
45,352
48,438
18.272
7,410
2,053
12,550
2,063
392
16,325
5,682
2.058
11,057
1,700
358
85,392
65,616
Line
2004
2005
2007
2006
7,381
941
7,145
1,027
89,693
66,245
3,859
3,378
73,468
8,988
1,648
3,530
52,755
8,312
60,018
52,662
312
17,892
311
12,040
7,300
28,025
6,489
6,301
27,130
6,880
37,221
31,348
11,043
10,537
26,178
20,811
21,241
18,945
1,263
1,195
59,657
56,778
56,110
59,566
32,991
35,867
19,271
20,120
5,509
4,861
14,470
12,889
56,998
44,095
44,803
43,253
14,102
12,739
11,841
12,167
9,626
4,476
8,534
4,205
1,062
578
447
367
11,604
10,223
8,473
8,818
6,280
5,429
3,402
1,923
3,328
1,466
2,249
1,743
1,879
2,467
1,162
967
16,946
18,033
4,998
5,346
1,087
775
18,426
16,326
6,796
11,630
6,041
10,285
5,217
4,614
1. NAICS crop and animal production.
2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers.
3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights.
4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and develop
ment services; advertising and related services; and other professional, scientific, and technical services.
5. Consists of bank and other holding companies.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
147
August 2008
7.
S u p p le m e n t a l T a b le s
Table 7.1. Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dlla ]
o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
39,796
40,056
33,126
29,563
27,911
3,350
7,981
16,579
41,913
42,227
34,651
30,576
29,335
3,444
8,483
17,408
44,046
44,307
36,744
32,222
30,773
3,516
8,975
18,282
45,707
46,046
38,609
33,667
32,144
3,584
9,378
19,181
40,541
40,720
34,017
30,316
28,479
3,407
8,175
16,897
41,157
41,504
34,010
30,069
28,716
3,408
8,236
17,071
41,550
41,861
34,410
30,381
29,093
3,491
8,345
17,257
42,256
42,603
34,676
30,557
29,628
3,501
8,610
17,517
42,682
42,932
35,504
31,293
29,899
3,377
8,739
17,783
36,356
36,595
27,274
25,750
3,694
7,416
14,681
293,644
37,080
37,359
27,403
26,290
3,828
7,601
14,917
296,373
37,750
37,976
28,098
26,835
3,961
7,805
15,140
299,199
38,148
38,432
28,614
27,319
4,113
7,920
15,380
302,087
36,633
36.796
27,683
26,005
3,766
7,490
14.797
294,722
36,825
37,138
27,292
26,063
3,764
7,519
14,828
295,342
36,984
37,262
27,401
26,241
3,864
7,581
14,860
295,969
37,241
37,546
27,245
26,416
3,906
7,617
14,962
296,719
37,269
37,488
27,673
26,440
3,776
7,686
15,017
297,462
2005
2006
2007
2008
Current dollars:
Gross domestic product..................
Gross national product....................
Personal income..............................
Disposable personal income...........
Personal consumption expenditures
Durable goods.............................
Nondurable goods.......................
Services.......................................
43,474 43,960 44,229
43,741 44,245 44,451
36,168 36,527 36,907
31,753 32.038 32,380
30,279 30,665 30,990
3,511
3,511
3,520
8,820 8,975 9,101
17,948 18,179 18,369
44,515 44,886
44,788 45,127
37,372 38,116
32,712 33,267
31,154 31,644
3,523 3,577
9,002 9,174
18,628 18,893
37,810 37,733
38,044 37,937
28,387 28,630
27,035 27,233
3,998 4,077
7,857 7,907
15,254 15,336
300,351 301,004
38,093
38,260
28,523
27,306
4,118
7,928
15,357
301,667
46,125 46,273 46,569 46,815
46,496 46,819 47,024
38,784 39,153 39,429 40,048
33,820 34,138 34,357 35,574
32,288 32,625 32,917 33,312
3,572 3,525 3,477
3,591
9,412 9,584 9,711
9,943
19,285 19,469 19,681 19,892
45,539
45,736
38,378
33,441
32,014
3,598
9,341
19,075
Chained (2000) dollars:
Gross domestic product..................
Gross national product....................
Disposable personal income...........
Personal consumption expenditures
Durable goods.............................
Nondurable goods.......................
Services.......................................
Population (midperiod, thousands)......
37,629
37,861
27,958
26,660
3,935
7,752
15,044
298,101
37,793
38.039
27,983
26,783
3,944
7,794
15,114
298,774
37,768
37,957
28,064
26,860
3,967
7,818
15,147
299,568
38,438 38,324
38,750 38,777
28,669 28,636
27,371 27,366
4,124
4,131
7,915
7,931
15,407 15,421
302,452 303,225
38,326
38,704
28,565
27,367
4,071
7,891
15,482
303,868
38,422
29,273
27,411
4,031
7,952
15,491
304,528
Table 7.2.1B. Percent Change from Preceding Period in Real Motor Vehicle Output
[Percent]
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Motor vehicle output.................................
Auto output............................................
Truck output...........................................
Final sales of domestic product..........................
Personal consumption expenditures.............
New motor vehicles.......................................
Autos.........................................................
Light trucks (including utility vehicles)......
Net purchases of used autos and used light
trucks.........................................................
Used autos................................................
Used light trucks (including utility vehicles)
Private fixed investment...................................
New motor vehicles.......................................
Autos.........................................................
Trucks........................................................
Light trucks (including utility vehicles)...
Other.....................................................
Net purchases of used autos and used light
trucks.........................................................
Used autos................................................
Used light trucks (including utility vehicles)
Gross government investment........................
Autos.............................................................
Trucks............................................................
Net exports...........................................................
Exports..........................................................
Autos.........................................................
Trucks........................................................
Imports..........................................................
Autos.........................................................
Trucks........................................................
Change in private inventories..............................
Autos.................................................................
New...............................................................
Foreign......................................................
Used..............................................................
Trucks ................................................................
New...............................................................
Foreign......................................................
1
2
3
4
5
6
7
8
2005
I
II
2006
III
IV
1
4.0
3.8
-0.9
-1.1
-9 .6
4.6
7.1
24.6
-31.0
20.2
-0.2
6.2
11.2
0.2
3.6
-3.5
-1.8
-0.7
12.4
-18.6
45.8
-12.3
-13.3
20.1
10.9
32.3
8.0
-46.2
25.9
16.8
5.4
6.0
1.5
II
2007
III
-10.1
13.7
-17.1
-5.5
-4.7
26.0
IV
II
I
2008
III
IV
I
-14.2
-35.2
-8.6
-49.3
II
-19.0
3.8
4.6
17.3
-25.7
0.9
-29.0
-3.3
8.4
-3.3
9.6
16.4
17.8
-9.1
-34.3
-3.9
-20.2
-1 .0
0.0
16.4
-5 .9
17.4
17.6
-45.1
30.5
-3 .7
17.6
-9 .9
2.6
0.1
-5.8
4.5
-18.8
-36.9
-0 .9
-3.1
2.1
5.0
-9 .5
17.9
4.8
-42.2
19.3
4.4
3.9
-1.1
10.2
1.1
-8.2
0.0
-11.9
-21.2
1.4
1.2
1.4
-1.8
4.6
-5.7
-5.4
2.3
-10.7
0.9
-3.8
4.7
2.0
28.0
-11.0
-18.4
-9.3
-23.8
41.8
25.7
53.2
9.7
12.1
8.1
-55.0
-25.8
-68.5
23.0
18.4
26.7
5.9
10.6
2.2
4.5
0.4
7.8
-6.8
-15.8
1.0
15.4
-1.7
30.0
-2.7
5.1
-8.0
-15.7
-22.9
-9.9
6.1
25.5
-6.3
-20.9
-10.4
-28.4
-19.8
28.4
-48.0
9
10
11
12
13
14
15
16
17
1.7
-0.4
3.8
1.2
1.3
1.1
1.9
0.0
3.9
4.6
-1.2
10.2
12.3
11.8
12.7
13.1
11.8
14.3
-22.1
-19.6
-24.5
-6.3
-8.3
^1.1
1.1
1.6
0.6
12.1
6.6
18.0
1.3
3.3
-0.6
2.7
-1.2
6.6
11.6
2.3
21.1
0.4
-3.5
4.1
9.3
-1.8
20.3
8.1
2.5
13.1
-10.8
-11.2
-10.4
8.1
9.3
7.2
-23.8
-24.3
-23.4
19.0
18.5
10.6
-15.6
30.4
-8.4
13.7
43.3
-9.9
54.3
-18.8
3.7
-8.1
-27.5
-28.5
2.8
-8.6
-23.3
-60.4
13.1
1.9
20.3
15.5
37.0
11.2
5.8
14.2
11.2
22.7
8.2
4.7
9.9
10.3
8.9
-6.7
2.4
-11.1
-0.3
-36.7
13.9
14.8
13.4
4.2
44.1
-11.4
-10.8
-11.7
-24.5
31.3
13.7
-1.7
22.4
32.6
0.6
32.4
29.6
33.7
48.7
1.5
-7.3
7.2
-13.8
-19.3
2.6
39.9
20.2
51.0
59.3
32.2
-20.9
-25.8
-18.5
-27.2
8.0
6.3
3.7
7.5
13.1
-5.0
4.6
12.2
1.1
0.8
1.2
-12.5
4.0
-19.8
-0.7
-54.5
-21.0
-3.7
-29.0
-10.9
-65.6
12.3
15.8
10.3
31.1
-44.3
-11.4
-6.8
-14.0
-16.2
-3.8
-17.0
-17.1
-17.0
-15.4
-23.5
-41.8
-20.8
-51.9
-60.7
3.2
18
19
20
21
22
23
?4
25
26
27
28
29
30
31
3?
33
34
35
UK
37
38
39
40
41
4.3
4.3
4.3
-1.6
0.0
-3.3
3.1
1.2
5.0
13.5
7.9
19.0
-11.5
-3.7
-18.6
-17.9
-6.9
-28.0
13.7
-5.9
37.8
12.2
9.2
15.1
-1.7
27.6
-24.6
13.4
-21.3
63.1
-25.6
-11.3
-37.1
12.1
19.8
4.9
37.9
33.2
42.9
26.7
11.1
44.0
-5.4
-12.8
2.1
30.1
19.1
40.8
-15.8
-21.5
-10.6
-5.9
13.6
-20.3
-1.2
6.1
-7.5
0.6
3.7
8.5
2.3
-23.3
27.1
-12.8
85.7
-45.9
-4.1
38.4
64.7
20.8
-53.1
-17.3
200.2
-15.0
-17.8
-26.4
-1.6
1.3
8.9
2.2
8.3
8.5
0.5
2.8
96.4
-41.6
44.6
21.6
-47.7
2.8
46.6
98.6
-22.6
-51.3
5.3
-3.9
53.1
33.9
29.0
78.1
-6.4
30.3
-27.6
-58.8
22.7
-27.8
-26.7
354.6
91.5
-31.5
-31.0
-13.5
-36.4
-23.3
10.8
2.9
18.3
5.0
0.2
10.3
18.6
23.0
15.0
1.0
-3.6
5.6
10.9
16.4
6.1
9.0
10.7
7.5
22.7
32.0
14.0
-2.6
-1.6
-3.6
6.0
38.7
-13.9
-8.1
-20.9
7.4
34.7
54.5
19.8
-4.9
-15.6
6.7
-3.8
-8.7
0.6
5.5
-3.1
14.0
7.7
6.4
8.7
6.5
10.0
3.4
27.4
46.3
12.9
26.9
24.1
29.4
18.5
23.6
14.0
18.4
7.3
29.1
-11.9
-12.2
-11.5
-1.1
0.9
-2.7
40.8
50.5
32.3
-13.6
20.0
-36.4
-15.1
-2.1
-26.2
15.2
14.6
15.9
38.9
42.5
35.3
-9.9
-31.5
16.5
40.2
40.5
39.8
-14.3
-1.2
-24.8
37.5
66.5
11.8
25.2
41.3
11.3
22.6
31.9
12.7
-11.1
-16.4
-5.5
-10.9
6.4
-28.3
-2.8
7.4
-12.1
-4.5
11.3
-22.4
-9.2
-0.1
-18.0
42
4.9
3.6
0.8
-3.0
9.7
-8.3
15.9
15.3
-34.9
27.7
-2.1
5.4
-2.4
-4.3
-8.0
-1.7
-2.8
-15.0
-32.6
43
44
45
9.3
-2.5
3.9
8.9
11.0
1.5
8.0
1.8
9.7
0.8
-3.3
3.2
8.4
14.3
26.9
-19.1
24.5
-22.0
17.1
-5.2
7.7
40.7
13.2
25.2
-9.4
19.8
-2.4
41.8
7.7
18.7
-26.6
-21.0
4.8
9.2
1.6
9.1
5.3
-7.6
4.2
1.2
-8.1
3.2
-8.0
-6.7
6.5
24.5
22.9
-6.7
-12.4
4.3
-1.3
-16.1
-0.8
-20.2
-46.6
-21.7
40.8
Addenda:
Final sales of motor vehicles to domestic
purchasers.....................................................
Private fixed investment in new autos and new
light trucks.....................................................
Domestic output of new autos 2.......................
Sales of imported new autos3.........................
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
148
Supplemental Tables
August 2008
Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
IV
Motor vehicle o utput..............
Auto output..........................
Truck output.........................
Final sales of domestic product........
Personal consumption
expenditures.................................
New motor vehicles.....................
Autos........................................
Light trucks (including utility
vehicles)...............................
Net purchases of used autos and
used light trucks......................
Used autos...............................
Used light trucks (including
utility vehicles).....................
Private fixed investm ent................
New motor vehicles.....................
Autos........................................
Trucks.......................................
Light trucks (including utility
vehicles)..........................
Other....................................
Net purchases of used autos and
used light trucks......................
Used autos...............................
Used light trucks (including
utility vehicles).....................
Gross government investment.....
Autos............................................
Trucks...........................................
Exports.........................................
Autos........................................
Trucks.......................................
Imports.........................................
Autos........................................
Trucks.......................................
2005
I
II
2006
III
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
1 111.931 116.227 115.156 113.904 112.904 114.183 116.156 122.726 111.843 117.111 114.050 117.761 111.701 112.751 114.036 118.665 110.163 106.030 95.122
2 89.096 99.075 102.678 100.871 90.958 99.950 96.454 98.988 100.910 106.899 102.006 100.787 101.020 100.185 99.356 103.191 100.751 99.746 97.519
3 128.280 128.549 124.114 123.268 128.626 124.462 130.304 139.736 119.695 124.433 122.699 129.986 119.338 121.768 124.605 129.810 116.888 110.483 93.206
4 114.000 120.854 119.588 119.594 120.970 119.138 124.006 129.132 111.138 118.785 117.661 122.533 119.370 120.145 120.165 118.378 119.686 113.613 101.259
b 118.188 117.093 113.422 115.840 119.612 116.648 121.542 122.962 107.220 112.054 113.263 114.342 114.031 116.844 117.169 114.674 114.675 111.109 104.675
6 126.515 124.191 117.461 118.554 126.785 120.499 131.492 134.557 110.216 116.073 117.752 119.042 116.976 121.240 120.427 115.410 117.140 110.459 104.531
7 98.365 102.896 105.304 101.340 101.380 98.946 104.777 107.811 100.052 104.369 107.042 107.152 102.652 102.218 103.504 96.989 102.650 99.882 106.332
8 152.958 144.175 128.713 134.736 150.654 140.775 156.618 159.707 119.602 126.896 127.601 130.019 130.336 139.182 136.312 132.796 130.655 120.174 102.060
9 102.504 103.748 105.765 110.623 106.158 109.467 102.851 101.201 101.474 104.425 104.772 105.468 108.393 108.499 110.942 113.115 109.937 112.107 104.750
10 92.421 93.655 93.658 92.577 95.768 98.485 93.263 91.254 91.618 93.094 93.854 93.572 94.112 93.280 92.869 93.442 90.717 92.747 86.525
11
12
13
14
15
114.749 116.001 120.518 132.777 118.781 122.815 114.480 113.275 113.434 118.219 118.049 119.958 125.845 127.123 133.127 137.295 133.561 135.897 127.154
90.526 107.281 118.694 100.189 102.882 100.657 103.942 113.731 110.793 123.491 117.213 118.276 115.796 106.833
98.253
98.934
96.734
90.513
16 104.079 115.689 127.616 127.170 113.318 105.626 113.352 125.163 118.617 133.251 123.081 126.935 127.197 126.986 123.375 132.008 126.311 121.135
17 91.679 112.449 122.500 77.587 104.567 111.937 112.109 112.515 113.235 121.431 123.777 122.212 122.578 100.663 77.110 66.613 65.964 61.695
18 100.171
19 92.733
20
21
22
23
?4
2b
26
27
28
29
30
31
71.813
94.849 105.482 114.097 106.460 102.871 99.810 103.077 110.559 108.484 117.979 111.246 112.946 114.217 110.463 104.156 107.210 104.012 99.266 86.701
85.477 90.429 94.689 96.977 89.914 87.384 87.013 92.849 94.470 98.922 91.821 92.649 95.364 96.303 95.397 98.967 97.240 92.789 87.532
100.917 115.199 126.619 112.570 111.246 107.846 113.440 121.981 117.527 130.272 123.778 126.044 126.383 119.596 109.797 112.517 108.369 103.433 86.143
98.536 101.551 115.249
92.754 93.832 101.215
99.697
92.983
108.598 105.057 110.302 131.278 107.297
94.890
91.335
97.987 100.846 100.422 103.619
89.962 91.968 97.750 92.065
96.236
89.347
95.882
62.186
99.030 107.321 113.865 112.306 119.944 114.881 113.153 112.818
93.481 100.433 103.122 99.650 104.106 97.983 101.164 102.681
98.845 107.094 110.930 103.360 116.799 104.035 105.277 115.097 126.088 126.746 138.054 134.225 126.830 124.367
111.673 115.855 125.659 128.541 107.441 114.087 110.251 128.696 110.385 109.232 118.473 134.214 140.717 116.479 111.085 146.217 140.382 133.665 123.819
94.446 102.841 111.390 111.978 102.395 112.280 95.484 105.062 98.537 99.819 111.029 118.321 116.392 107.363 113.006 104.551 122.991 112.084 100.093
118.204 120.862 131.145 134.864 109.583 115.069 115.876 137.564 114.938 112.907 121.461 140.309 149.903 120.075 110.701 161.646 147.035 141.795 132.702
96.778
213.573
244.559
187.144
115.740
105.268
128.049
143.120
140.631
145.007
106.810
98.844
116.171
155.533
155.637
155.156
108.586
96.260
123.030
172.400
180.508
165.255
120.221
103.412
139.866
167.036
174.718
160.263
119.902
103.648
138.903
174.631
192.503
159.277
119.773
112.233
128.696
189.587
210.316
171.796
116.678
102.110
133.708
42 111.160 115.214 116.103 112.677 115.488 113.005 117.247 121.492 109.113 115.993 115.367 116.881 116.170 114.896 112.526 112.038 111.247 106.813
174.003
185.315
164.165
118.874
106.944
132.872
152.689
153.244
151.949
106.895
93.995
122.007
181.947
193.531
171.865
115.600
108.485
124.025
225.780
290.813
170.911
111.733
108.030
116.181
156.911
159.213
154.689
109.052
96.650
123.584
154.177
156.790
151.719
105.480
94.737
118.082
165.244
171.181
159.931
115.245
101.608
131.216
228.382
283.120
182.075
114.477
108.056
122.092
132.285
129.433
134.472
107.932
100.221
116.993
206.291
228.992
186.808
112.254
101.812
124.520
223.368
260.135
192.078
118.738
111.007
127.889
235.045
278.792
197.894
115.292
106.143
126.080
V
Foreign.....................................
33
34
3S
3H
37
38
39
40
41
Addenda:
Final sales of motor vehicles to
domestic purchasers...................
Private fixed investment in new autos
and new light trucks.....................
Domestic output of new autos 2 ......
Sales of imported new autos 3
43 95.267 103.732 112.014 112.884 102.239 96.976 100.886 109.868 107.198 116.987 108.271 110.678 112.122 112.464 110.150 116.357 112.564 107.726 92.100
44 82.827 91.919 93.528 90.459 85.533 90.354 89.155 91.960 96.209 98.001 92.393 92.764 90.952 89.042 87.519 92.148 93.127 92.936 87.433
45 108.578 110.208 120.915 124.797 112.572 105.782 107.762 113.994 113.292 118.247 119.638 122.259 123.517 124.503 126.476 124.306 123.901 117.123 127.591
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
149
Survey of Current Business
August 2008
Table 7.2.4B. Price Indexes for Motor Vehicle Output
[Index numbers, 2000=100]
Seasonally adjusted
Line
2004
2005
2006
2007
2004
Auto output..........................
Truck output.........................
Final sales of domestic product........
Personal consumption
expenditures.................................
New motor vehicles.....................
Autos........................................
Light trucks (including utility
vehicles)...............................
Net purchases of used autos and
used light trucks......................
Used autos...............................
Used light trucks (including
utility vehicles)......................
Private fixed investm ent................
New motor vehicles......................
Autos........................................
Trucks.......................................
Light trucks (including utility
vehicles)...........................
Other....................................
Net purchases of used autos and
used light trucks......................
Used autos...............................
Used light trucks (including
utility vehicles)......................
Gross government investment......
Autos............................................
Trucks...........................................
Net exports.........................................
Exports....
Autos...
Trucks.,
Imports...
Autos..
Trucks.
Change in private inventories...........
Autos................................................
New..............................................
Domestic..................................
Foreign.....................................
Used.............................................
Trucks...............................................
New..............................................
Domestic..................................
Foreign.....................................
Used ' ..........................................
2007
2008
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
1 96.503 97.512 97.526 96.738 96.814 98.297
2 96.451 97.857 99.319 98.795 96.578 98.284
3 96.365 97.168 96.366 95.425 96.767 98.138
4 96.449 97.450 97.409 96.659 96.749 98.235
98.107
96.390
97.256
97.951
97.690
97.383
97.081
96.887
96.940
96.803
96.322
95.413
94.701
98.131
97.932
96.643 98.371 99.588 99.023 99.358
96.104 96.498 96.876 96.793 96.121
99.306
95.673
99.146
95.459
99.047
95.598
98.907
95.460
98.079
95.185
97.100 97.545
94.318 92.811
98.046
96.335
97.185
97.844
96.941
96.777
96.858
96.731
96.268
95.406
94.758
b 95.605 97.087
6 95.682 96.175
7 95.842 96.752
97.395
95.725
96.034
95.957
95.456
94.911
IV
Motor vehicle o utput..............
2006
2005
8 95.526
I
97.451
97.573
97.277
97.261
97.020
95.863
96.343
97.497
96.502
96.898
97.140
96.284
95.736
95.596
97.619
94.607
97.214
95.815 96.849 96.697
96.028 96.803 96.893
95.304
96.203
95.849 96.039
97.110 97.643
95.729 95.578
97.453 97.785
95.036
97.594
94.707 94.675
97.290 97.267
94.571 94.475
97.237 97.061
94.021 93.632
96.668 96.806
95.754 94.140
92.723
95.623
94.672
94.967
94.907
94.510 93.988
93.184
92.836
92.644 92.604
92.103
96.814
96.506
9 95.093 98.885 99.957 98.447 97.256 98.507 98.996 98.999 99.039 100.181 100.423 100.372 98.854
10 96.870 100.683 101.852 100.575 98.986 100.699 100.671 100.246 101.114 102.233 102.025 102.189 100.962
11
93.246
97.014
97.992
96.282
95.447 96.253
97.242
97.662
96.900
98.061
98.729
98.478
96.698
92.798
91.255
97.853 97.893 99.040 99.003 98.408 97.565
99.964 100.035 101.192 101.109 101.066 101.415
95.703
95.718
96.852
96.855
95.812
93.997
12 106.981 106.101 106.211 107.595 105.898 107.391 106.866 104.182 105.965 106.462 105.999 105.514 106.869 107.884 108.345 107.167 106.983 106.086 105.744
13 96.933 97.934 98.062 97.801
14 95.841 96.762 97.619 97.214
15 97.587 98.631 98.395 98.205
97.345 98.292 98.265 97.265
96.023 96.809 96.904 96.215
98.117 99.148 99.057 97.901
97.913 98.142 98.159 98.074
97.120 97.645 97.453 97.788
98.420 98.503 98.621 98.331
97.872
97.590
98.124
97.699 97.917
97.289 97.268
98.008 98.353
97.839
97.237
98.248
97.751 97.452 97.093
97.061 96.667 96.795
98.210 97.967 97.304
16 95.518 95.686 94.161 92.726 95.607 96.757 96.453 94.598 94.934 94.903 94.523 93.999 93.219 92.846 92.805 92.648 92.605 92.103 91.260
17 104.593 108.280 111.753 116.038 106.550 107.235 107.702 108.570 109.615 109.970 111.556 111.977 113.508 114.418 116.388 116.651 116.693 117.870 118.132
18 84.072 88.022 88.190
19 84.927 88.854 89.108
85.319
86.343
86.478
87.300
86.772
87.629
87.618
88.513
89.503 88.196
90.286 88.987
87.862 88.804 89.511
88.814 89.761 90.346
86.582
87.512
84.645
85.690
84.573
85.625
86.002
87.001
86.054
87.056
86.526
87.321
86.158
86.717
20
84.324
85.670
85.935
86.743
88.735
86.927
85.673
83.630
83.555
85.030
85.079
85.730
85.578
83.234
87.208
87.290
87.421
87.865
88.696
21 101.883 103.614 105.433 107.837 102.433 103.373 103.412 103.262 104.408 104.682 105.227 105.312 106.510 107.126 107.878 108.386 107.959 108.444 109.005
22
23
?4
25
26
27
28
29
30
31
3?
33
,34
35
38
37
38
39
40
41
99.141 99.691 101.915 103.554 97.778 99.120 99.236 99.312 101.095 101.510 101.336 101.523 103.289 103.452 102.719 104.957 103.091 103.354 106.212
102.726 104.827 106.514 109.162 103.852 104.675 104.701 104.491 105.441 105.656 106.437 106.476 107.488 108.231 109.510 109.468 109.439 109.993 109.880
105.723
103.988
107.449
103.817
103.080
104.657
107.262
104.803
109.626
104.770
103.680
105.954
107.970
105.471
110.373
105.214
103.823
106.683
42 97.902
98.852
98.883
43 95.718
44 97.214
45 95.844
96.200
98.014
96.759
95.635
98.809
97.620
107.048
104.598
109.347
104.411
103.508
105.397
107.084
104.564
109.480
104.651
103.542
105.830
98.471
98.266 99.421
99.326
94.612
98.814
97.215
95.853 96.854 96.717
97.404 98.062 98.098
96.022 96.810 96.902
108.926
106.099
111.676
106.226
104.763
107.765
106.781
104.434
108.913
104.538
103.808
105.363
107.275
104.736
109.713
104.834
103.709
106.031
107.641
105.266
109.945
105.185
103.942
106.499
107.712
105.298
110.040
105.053
103.642
106.531
107.804
105.298
110.215
105.081
103.742
106.501
107.904
105.430
110.277
105.178
103.742
106.696
97.952
98.710
99.202
98.993
98.777
95.330 95.898 96.092
97.528 98.369 98.820
96.210 97.116 97.645
95.788
98.663
97.455
95.605
98.964
97.787
108.783
105.998
111.448
105.850
104.276
107.497
109.007
106.031
111.882
106.200
104.742
107.730
98.561
98.429 98.543
95.056
98.789
97.593
94.713 94.681
98.658 98.953
97.291 97.270
108.461
105.831
110.983
105.545
104.142
107.032
108.567
105.898
111.115
105.600
104.009
107.264
109.345
106.398
112.179
107.253
105.978
108.596
109.530
106.493
112.478
107.879
106.905
108.914
109.833
106.630
113.017
108.220
107.040
109.478
98.513
98.398
97.845
97.381
94.574
98.814
97.238
94.478
98.831
97.063
94.020
98.497
96.669
93.591
98.636
96.805
Addenda:
Final sales of motor vehicles to
domestic purchasers...................
Private fixed investment in new autos
and new light trucks.....................
Domestic output of new autos 2......
Sales of imported new autos 3
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
150
Supplemental Tables
August 2008
Table 7.2.5B. Motor Vehicle Output
[B n o dlla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
2005
I
II
2007
2006
III
IV
I
II
III
IV
I
II
2008
III
IV
I
II
Motor vehicle o utput.......................
1
394.2
413.7
409.9
402.2
399.1
409.5
415.7
431.7
397.7
418.8
407.2
418.3
395.1
398.4
403.9
419.4
387.1
368.5
328.5
Auto output...................................
Truck output..................................
2
3
4
5
6
7
8
129.8
264.4
146.5
267.2
154.1
255.8
150.6
251.6
132.7
266.4
148.4
261.1
143.0
272.7
144.5
287.2
150.0
247.8
160.8
257.9
152.6
254.6
151.3
267.0
151.6
243.6
150.1
248.2
148.7
255.2
154.3
265.1
149.3
237.8
146.4
222.1
143.8
184.6
389.7
417.4
412.9
409.7
414.8
414.9
431.0
441.0
382.9
412.0
406.9
422.5
410.1
412.1
405.8
408.4
384.2
340.1
367.8
370.0
358.2
361.5
375.1
370.0
385.7
386.2
338.2
355.2
358.6
361.5
357.4
364.1
365.1
358.5
358.2
345.2
323.4
259.3
97.7
161.7
255.9
103.1
152.8
240.6
106.5
134.1
240.3
102.0
138.3
260.3
100.8
159.4
250.0
99.2
150.8
272.4
105.2
167.3
274.8
107.4
167.3
226.3
100.7
125.7
238.8
105.6
133.3
241.5
108.1
133.5
243.8
108.5
135.2
238.2
103.8
134.4
246.0
103.0
143.0
244.3
104.3
140.0
233.8
97.7
136.1
237.1
103.2
133.9
222.5
100.0
122.5
209.7
106.6
103.1
9
10
108.4
54.3
114.1
57.2
117.6
57.9
121.2
56.5
114.8
57.5
120.0
60.1
113.3
56.9
111.5
55.5
111.8
56.2
116.4
57.7
117.1
58.1
117.8
58.0
119.2
57.6
118.1
56.6
120.8
56.3
124.6
57.4
121.1
55.6
122.7
56.9
113.7
53.2
Final sales of domestic product................
Personal consumption expenditures ...
New motor vehicles..............................
Autos................................................
Light trucks (including utility vehicles)
Net purchases of used autos and used
light trucks........................................
Used autos.......................................
Used light trucks (including utility
vehicles).......................................
Private fixed investment.........................
New motor vehicles..............................
Autos................................................
Trucks...............................................
Light trucks (including utility
vehicles)...................................
Other............................................
Net purchases of used autos and used
light trucks........................................
Used autos.......................................
Used light trucks (including utility
vehicles).......................................
Gross government investment..............
Autos....................................................
Trucks...................................................
Net exports
Exports.................................................
Autos................................................
Trucks...............................................
Imports.................................................
Autos................................................
Trucks...............................................
Change in private inventories....................
Autos........................................................
New..
Domestic..........................................
Foreign.............................................
Used.....................................................
Trucks...
New..
Domestic..........................................
Foreign.............................................
Used 1.'................................................
412.5
54.1
56.9
59.8
64.7
57.3
59.8
56.3
56.0
55.6
58.7
59.0
59.8
61.6
61.6
64.5
67.3
65.4
65.9
60.5
114.5
134.6
149.1
127.5
128.9
127.9
131.4
140.2
138.9
155.5
146.9
147.6
146.3
136.3
125.9
125.4
122.4
113.6
89.8
177.8
62.6
115.2
199.8
66.8
132.9
216.4
70.6
145.7
201.3
72.0
129.3
193.6
66.0
127.7
189.7
64.6
125.1
195.9
64.4
131.5
208.0
68.2
139.7
205.4
70.1
135.3
223.9
73.8
150.1
211.2
68.4
142.8
214.2
69.2
145.0
216.2
71.1
145.1
208.7
71.6
137.1
197.2
70.9
126.3
202.8
73.5
129.3
196.6
72.1
124.5
187.1
68.5
118.6
162.8
64.7
98.1
16
17
85.6
29.6
95.3
37.6
103.4
42.3
101.5
27.8
93.3
34.4
88.0
37.1
94.2
37.3
102.0
37.8
97.0
38.4
108.8
41.3
100.1
42.7
102.7
42.3
102.0
43.0
101.5
35.6
98.5
27.8
105.3
24.1
100.7
23.8
96.0
22.5
75.3
22.8
18
19
-63.3
-31.4
-65.1
-32.9
-67.3
-33.3
-73.9
-34.8
-64.7
-32.3
-61.8
-31.9
-64.5
-31.7
-67.8
-33.1
-66.5
-34.7
-68.4
-32.6
-64.2
-32.0
-66.6
-33.7
-£9.8
-35.0
-72.4
-35.2
-71.3
-34.0
-77.5
-36.1
-74.2
-34.0
-73.5
-35.2
-73.0
-35.5
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
-31.9
-32.3
-33.9
-39.0
-32.4
-29.9
-32.7
-34.7
-31.8
-35.8
-32.2
-32.9
-34.8
-37.2
-37.3
-41.4
-40.2
-38.3
-37.5
14.1
14.9
16.4
17.2
13.6
14.6
14.1
16.5
14.3
14.2
15.4
17.5
18.6
15.4
14.8
19.6
18.8
17.9
16.7
3.5
10.7
3.8
11.6
4.1
13.4
4.1
14.5
3.8
11.7
4.0
10.9
3.7
15.9
4.3
14.4
4.0
14.0
3.6
13.1
11
12
13
14
15
3.2
10.9
3.5
11.4
3.9
12.5
4.0
13.2
3.4
10.2
3.8
10.8
3.2
10.9
3.6
12.9
3.4
10.9
-106.7
-102.1
-110.8
-96.4
-102.8
-97.7
-100.3
-101.9
-108.5
-112.9
-114.0
-104.1
-112.1
-103.7
-93.3
-97.6
-90.9
-92.5
-89.8
36.5
16.5
20.1
143.2
71.7
71.5
44.0
20.4
23.6
146.1
69.6
76.5
49.1
23.9
25.2
159.9
77.1
82.8
60.8
31.7
29.0
157.2
76.6
80.6
39.9
18.0
21.9
142.7
71.2
71.5
43.1
20.1
23.0
140.8
68.1
72.7
42.7
19.6
23.1
143.0
67.6
75.4
43.6
19.9
23.6
145.5
69.3
76.2
46.5
22.0
24.4
155.0
73.3
81.6
48.5
23.3
25.3
161.5
74.4
87.1
47.0
22.5
24.5
161.1
74.6
86.4
51.3
25.0
26.3
155.4
78.1
77.3
49.5
24.9
24.6
161.6
81.1
80.5
53.8
27.3
26.5
157.5
73.7
83.8
58.6
29.7
28.9
151.9
73.7
78.2
63.6
33.7
29.9
161.2
80.7
80.5
67.1
36.3
30.8
158.1
78.1
80.0
65.3
36.9
28.4
157.9
80.2
77.7
64.8
37.9
26.8
154.6
80.3
74.3
4.5
-3.8
-3.0
-7.5
-15.7
-5.3
-15.3
-9.3
14.9
6.8
0.3
-4.1
-15.0
-13.7
-8.6
13.6
-21.2
-15.7
-11.6
-1.3
-1.8
-0.8
-1.0
0.5
5.8
5.3
5.4
-0.1
0.5
-2.2
-1.1
-0.6
-0.5
-1.0
-1.6
-0.1
-0.8
0.6
-1.5
1.7
3.4
2.1
1.3
-1.7
-4.7
-2.8
-3.5
0.8
-2.0
-4.2
-3.2
-2.3
-0.8
-1.1
-3.3
-3.0
-2.3
-0.8
-0.3
-9.4
-8.2
-2.4
-5.8
-1.2
-6.3
-5.0
-1.1
-3.9
-1.3
0.5
1.9
-0.1
2.0
-1.3
-5.9
-1.7
-2.8
1.2
-4.2
-7.1
-5.3
-4.6
-0.7
-1.8
-8.3
-8.1
-8.1
0.0
-0.2
-7.7
-6.3
-4.8
-1.5
-1.5
-1.5
-1.7
-2.5
0.7
0.2
5.6
5.1
7.0
-1.8
0.4
9.3
11.0
10.3
0.7
-1.7
4.0
5.7
3.4
2.3
-1.7
2.8
2.1
-0.4
2.5
0.7
-1.6
2.0
1.1
0.9
-3.6
1.9
5.5
6.4
-0.9
-3.6
-1.7
-0.5
0.2
-0.7
-1.2
-2.4
0.5
-2.8
3.4
-3.0
6.2
6.3
3.6
2.7
-0.1
-21.2
-19.1
-17.3
-1.8
-2.1
-3.1
-2.6
-1.1
-1.6
-0.5
-10.6
-10.1
-10.0
-0.1
-0.5
-8.7
-6.9
-3.4
-3.5
-1.9
0.1
2.1
4.3
-2.2
-2.0
5.0
4.6
1.5
3.1
0.4
8.5
7.4
4.6
2.8
1.1
-10.1
-7.7
-6.3
-1.4
-2.4
-11.1
-11.5
-7.9
-3.5
0.3
-4.4
-2.1
-5.1
3.0
-2.4
-11.3
-9.1
-11.3
2.2
-2.1
-6.5
-3.0
-2.5
-0.5
-3.5
-5.1
-3.5
-5.4
1.8
-1.6
42
496.4
519.5
523.7
506.1
517.6
512.5
531.3
542.9
491.4
524.9
520.9
526.6
522.3
515.9
505.8
503.5
499.3
476.7
429.9
43
44
45
148.1
89.0
87.3
162.1
99.6
89.4
174.0
102.1
99.0
173.5
98.8
101.7
159.2
92.0
90.7
152.6
97.9
85.9
158.6
96.7
87.6
170.2
99.1
92.0
167.0
104.6
92.3
182.6
107.0
96.8
168.5
100.7
97.8
171.9
101.5
100.3
173.1
99.3
101.1
173.0
97.1
101.6
169.4
95.7
103.2
178.8
100.7
101.4
172.8
101.8
100.9
164.5
101.2
95.0
140.0
95.4
103.6
Addenda:
Final sales of motor vehicles to domestic
purchasers............................................
Private fixed investment in new autos and
new light trucks.....................................
Domestic output of new autos 2 ..............
Sales of imported new autos 3................
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
151
Survey of Current Business
August 2008
Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars
[B n oc a e (2 0 )d lla ]
illio s f h in d 0 0 o rs
Seasonally adjusted at annual rates
Line
2004
2005
2006
2007
2004
IV
Motor vehicle output........................
Auto output....................................
Truck output...................................
Final sales of domestic product.................
Personal consumption expenditures ...
New motor vehicles..............................
Autos.................................................
Light trucks (including utility vehicles)
Net purchases of used autos and used
light trucks.........................................
Used autos........................................
Used light trucks (including utility
vehicles)........................................
Private fixed investment..........................
New motor vehicles...............................
Autos.................................................
Trucks................................................
Light trucks (including utility
vehicles)....................................
Other.............................................
Net purchases of used autos and used
light trucks.........................................
Used autos........................................
Used light trucks (including utility
vehicles)........................................
Gross government investment...............
Autos.....................................................
Trucks....................................................
Net exports
Exports..................................................
Autos.................................................
Trucks................................................
Imports..................................................
Autos.................................................
Trucks................................................
Change in private inventories.....................
Autos,,
New...
Domestic...........................................
Foreign..............................................
Used..
Trucks....
New...
Domestic...........................................
Foreign..............................................
Used 1...................................................
Residual...........................................................
Addenda:
Final sales of motor vehicles to domestic
purchasers.............................................
Private fixed investment in new autos and
new light trucks......................................
Domestic output of new autos 2...............
Sales of imported new autos 3.................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
I
II
III
IV
I
II
2008
2007
2006
2005
III
IV
I
III
II
IV
I
II
408.5
424.2
420.3
415.7
412.1
416.7
423.9
447.9
408.2
427.4
416.2
429.8
407.7
411.5
416.2
433.1
402.1
387.0
347.2
134.6
274.4
149.7
274.9
155.1
265.5
152.4
263.6
137.4
275.1
151.0
266.2
145.7
278.7
149.6
298.9
152.5
256.0
161.5
266.1
154.1
262.4
152.3
278.0
152.6
255.2
151.4
260.4
150.1
266.5
155.9
277.6
152.2
250.0
150.7
236.3
147.3
199.4
404.0
428.3
423.9
423.9
428.8
422.3
439.5
457.7
393.9
421.0
417.0
434.3
423.1
425.8
425.9
419.6
424.2
402.7
358.9
384.7
381.1
369.2
377.1
389.3
379.7
395.6
400.2
349.0
364.7
368.7
372.2
371.2
380.3
381.4
373.3
373.3
361.7
340.7
271.1
101.9
169.3
266.1
106.6
159.6
251.7
109.1
142.4
254.0
105.0
149.1
271.6
105.0
166.7
258.2
102.5
155.8
281.7
108.5
173.3
288.3
111.7
176.7
236.1
103.6
132.4
248.7
108.1
140.4
252.3
110.9
141.2
255.0
111.0
143.9
250.6
106.3
144.2
259.8
105.9
154.0
258.0
107.2
150.8
247.3
100.5
147.0
251.0
106.3
144.6
236.7
103.5
133.0
224.0
110.1
112.9
114.0
56.1
115.4
56.8
117.7
56.8
123.1
56.1
118.1
58.1
121.8
59.7
114.4
56.6
112.6
55.3
112.9
55.6
116.2
56.5
116.6
56.9
117.3
56.8
120.6
57.1
120.7
56.6
123.4
56.3
125.8
56.7
122.3
55.0
124.7
56.3
116.5
52.5
57.4
59.8
60.7
63.7
64.3
67.4
69.5
67.6
68.8
64.3
62.1
140.4
118.5
121.7
119.0
122.9
134.5
131.0
146.0
138.6
139.9
136.9
126.3
116.2
117.0
114.4
107.0
84.9
204.0
69.1
134.8
220.6
72.3
148.1
205.9
74.1
131.7
198.9
68.7
130.1
193.0
66.8
126.2
199.3
66.5
132.7
213.8
70.9
142.7
209.8
72.2
137.5
228.1
75.6
152.4
215.1
70.1
144.8
218.4
70.8
147.5
220.9
72.8
147.8
213.6
73.6
139.9
201.4
72.9
128.4
207.3
75.6
131.6
201.1
74.3
126.8
192.0
70.9
121.0
167.7
66.9
100.8
16
17
89.6
28.3
99.6
34.8
109.8
37.9
109.5
24.0
97.5
32.3
90.9
34.6
97.6
34.7
107.7
34.8
102.1
35.0
114.7
37.5
105.9
38.3
109.2
37.8
109.5
37.9
109.3
31.1
106.2
23.8
113.6
20.6
108.7
20.4
104.3
19.1
82.5
19.2
18
19
-75.2
-37.0
-74.0
-37.0
-76.3
-37.4
-86.6
-40.3
-74.9
-37.1
-71.3
-36.4
-73.6
-35.9
-75.7
-36.7
-75.4
-39.0
-77.8
-36.7
-72.3
-35.6
-74.4
-37.3
-80.6
-40.0
-85.5
-41.1
-84.4
-39.7
-90.1
-41.5
-86.3
-39.1
-85.0
—
40.3
-84.7
-40.9
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
-38.3
-37.0
-38.9
-46.3
-37.8
-34.8
-37.7
-39.1
-36.4
-41.2
-36.7
-37.1
-40.6
-44.4
-44.7
-48.7
-47.3
-44.7
-43.8
13.8
14.3
15.6
15.9
13.3
14.1
13.7
15.9
13.7
13.5
14.7
16.6
17.4
14.4
13.8
18.1
17.4
16.6
15.3
3.2
10.6
3.5
10.8
3.8
11.8
3.8
12.1
3.5
9.8
3.8
10.3
3.3
10.4
3.6
12.3
3.4
10.3
3.4
10.1
3.8
10.9
4.0
12.6
4.0
13.5
3.7
10.8
3.9
9.9
3.6
14.5
4.2
13.2
3.8
12.7
3.4
11.9
-103.4
-98 .4
-106.5
-92.2
-99.2
-94.6
-96.8
-98.2
-104.2
-108.7
-109.6
-100.2
-107.5
-99.6
-89.6
-93 .4
-86.0
-86.7
-83.9
34.6
15.8
18.7
138.0
69.6
68.4
41.0
19.5
21.5
139.4
67.1
72.2
45.5
22.7
22.8
152.0
74.2
77.6
55.8
29.9
26.0
148.0
73.1
74.8
37.4
17.2
20.1
136.5
68.6
67.9
40.3
19.2
21.1
134.8
65.8
69.0
39.9
18.7
21.1
136.7
65.2
71.3
40.6
19.0
21.6
138.8
66.8
71.9
43.2
20.9
22.2
147.3
70.5
76.7
45.0
22.1
23.0
153.7
71.8
81.7
43.6
21.4
22.3
153.3
71.9
81.2
47.5
23.7
23.9
147.8
75.3
72.5
45.6
23.6
22.1
153.1
77.9
75.2
49.5
25.7
23.9
149.2
70.9
78.1
53.9
28.0
25.9
143.5
70.7
72.8
58.4
31.8
26.7
151.8
77.1
74.7
61.4
34.1
27.5
147.4
73.7
73.7
59.7
34.6
25.3
146.3
75.0
71.3
59.0
35.6
23.7
142.8
75.0
67.9
61.0
57.3
59.7
60.1
126.9
183.4
65.3
118.1
58.1
58.7
57.9
67.2
107.1
4.5
-3 .6
-2 .9
-7 .5
-15.9
-5.2
-14.9
-8.9
14.6
6.9
0.2
-3.8
-14.9
-13.7
-8 .7
13.6
-21.3
-15.3
-11.3
-1.3
-1.8
-0.8
-1.0
0.6
5.3
4.5
4.6
-0.1
0.5
1.1
-2.3
-1.1
-0.7
-0.5
-1.2
-1.4
0.0
-0.6
0.6
-1.6
1.0
1.9
3.4
2.1
1.3
-1.8
-4.3
-2.3
-3.0
0.7
-2.2
0.9
-4.5
-3.2
-2.4
-0.8
-1.2
-3.1
-2.7
-2.0
-0.7
-0.3
0.8
-10.0
-8.3
-2.5
-5.5
-1.4
-6.1
-4.5
-0.9
-3.8
-1.5
0.1
0.6
1.9
-0.1
1.9
-1.5
-5.3
-1.3
-2.4
1.1
-4.7
1.6
-7.4
-5.3
-4.7
-0.6
-2.0
-7.5
-6.8
-6.8
0.0
-0.2
-0.3
-8.1
-6.3
-5.0
-1.4
-1.6
-1.2
-1.3
-2.0
0.7
0.2
0.6
5.8
5.2
7.1
-1.7
0.5
8.5
9.5
8.7
0.7
-1.9
2.3
4.3
5.7
3.4
2.2
-1.9
2.8
1.9
-0.4
2.4
0.8
1.1
-1.7
2.0
1.2
0.8
^t.O
1.7
4.7
5.5
-0.9
-3.9
1.5
-1.7
-0.5
0.2
-0.6
-1.3
-2.0
0.7
-2.4
3.2
-3.3
1.8
6.6
6.3
3.7
2.6
-0.1
-19.7
-16.6
-14.9
-1.8
-2.4
-0.4
-3.3
-2.7
-1.1
-1.5
-0.5
-9.9
-8.8
-8.6
-0.1
-0.6
-0.5
-9.3
-6.9
-3.5
-3.3
-2.2
0.0
1.7
3.8
-2.1
-2.3
1.4
5.3
4.6
1.5
3.0
0.5
8.1
6.6
3.9
2.7
1.2
2.2
-10.6
-7.7
-6.5
-1.3
-2.7
-10.6
-10.2
-6.9
-3.3
0.4
0.3
-4.6
-2.1
-5.2
2.8
-2.7
-10.3
-7.8
-9.8
2.1
-2.4
1.2
-6.9
-3.0
-2.6
-0.5
-4.0
-4.6
-2.9
-4.6
1.7
-1.8
3.6
43
507.0
525.5
529.6
514.0
526.8
515.5
534.8
554.2
497.7
529.1
526.2
533.1
529.9
524.1
513.3
511.1
507.4
487.2
441.4
44
45
46
154.8
91.5
91.1
168.5
101.6
92.4
182.0
103.4
101.4
183.4
100.0
104.7
166.1
94.5
94.4
157.5
99.8
88.7
163.9
98.5
90.4
178.5
101.6
95.6
174.2
106.3
95.0
190.1
108.3
99.2
175.9
102.1
100.3
179.8
102.5
102.5
182.1
100.5
103.6
182.7
98.4
104.4
178.9
96.7
106.1
189.0
101.8
104.2
182.9
102.9
103.9
175.0
102.7
98.2
149.6
96.6
107.0
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of
more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda.
August 2008
Supplemental Tables
152
Table 7.3.6. Real Farm Sector Output, Real Gross Value Added, and
Real Net Value Added, Chained Dollars
Table 7.3.5. Farm Sector Output, Gross Value Added,
and Net Value Added
[B n o c a e (2 0 )d lla ]
illio s f h in d 0 0 o rs
[B n o d lla ]
illio s f o rs
Cash receipts from farm marketings.................................
Crops.............................................................................
Livestock.......................................................................
Farm products consumed on farms...................................
Other farm income............................................................
Change in farm finished goods inventories......................
Crops.............................................................................
Livestock.......................................................................
Less: Intermediate goods and services consumed..............
Other than rent..........................................................
Intermediate goods and services purchased,
other than rent...................................................
Less: Change in farm materials and supplies
inventories.........................................................
Rent paid to nonoperator landlords..........................
Equals: Gross farm value added...........................................
2005
2006
2007
260.5
255.8
253.8
307.0
Farm output...............................................................................
238.0
114.4
123.5
0.5
13.8
8.2
7.7
0.6
145.8
135.7
239.9
115.1
124.8
0.5
15.3
0.0
-1.3
1.3
151.6
141.9
240.6
122.5
118.1
0.6
16.3
-3.6
-4.1
0.5
162.7
153.8
284.7
146.9
137.8
0.6
19.8
1.9
2.0
-0.1
169.8
160.1
12
135.5
142.2
153.5
159.8
Cash receipts from farm marketings.................................
Crops.............................................................................
Livestock........................................................................
Farm products consumed on farms..................................
Other farm income................
Change in farm finished goods inventories......................
Crops................................
Livestock........................................................................
Less: Intermediate goods and services consumed.............
Other than rent..........................................................
Intermediate goods and services purchased,
other than rent..................................................
Less: Change in farm materials and supplies
inventories........................................................
Rent paid to nonoperator landlords..........................
Less: Consumption of fixed capital........................................
Equals: Net farm value added...............................................
Compensation of employees............................
Wage and salary accruals.............................
Supplements to wages and salaries............
Taxes on production and imports.....................
Less: Subsidies to operators.............................
Net operating surplus........................................
Net interest....................................................
Current transfer payments...........................
Proprietors’ income and corporate profits
with inventory valuation and capital
consumption adjustments........................
Proprietors’ income...................................
Corporate profits.......................................
13
14
15
16
17
18
19
20
21
22
23
24
25
-0.2
10.1
0.3
9.8
-0.3
8.9
-0.4
9.6
114.7
104.1
91.1
137.3
29.6
31.6
33.3
34.7
2004
2005
2006
1
2
3
4
5
6
7
8
9
10
11
211.5
217.4
214.8
218.4
191.9
93.2
98.5
0.4
11.8
6.0
5.8
0.5
128.4
119.2
202.2
101.6
100.5
0.4
13.7
-0.1
-1.2
1.0
126.3
117.6
202.2
100.1
102.0
0.5
13.7
-3.0
-3.3
0.4
129.5
121.6
200.6
99.3
101.3
0.5
14.4
1.3
1.1
-0.1
125.1
116.9
12
119.0
117.9
121.3
116.7
-0.3
8.2
Line
2004
1
2
3
4
5
6
7
8
9
10
11
Line
Farm outp ut...............................................................................
Equals: Gross farm value added
Less: Consumption of fixed capital.......................................
85.1
72.5
57.8
102.6
Equals: Net farm value added
22.0
18.9
3.1
5.0
11.8
69.9
9.1
0.0
21.9
18.9
3.0
5.4
21.6
66.8
10.3
0.0
22.0
19.0
3.1
5.9
13.4
43.3
11.6
0.0
23.3
20.0
3.3
6.5
10.2
82.9
12.4
0.0
Change in farm inventories1
26
2/
28
60.8
37.3
23.4
56.5
34.1
22.4
31.7
16.2
15.5
8.0
0.3
-3.9
-0.2
9.2
0.3
8.6
-0.2
7.9
82.1
89.6
83.4
91.5
27.3
27.9
28.5
28.8
54.8
61.4
54.6
62.0
5.9
0.2
-3.2
1.0
70.5
44.0
26.5
29
13
14
15
16
17
18
2007
1.6
1. Beginning with 1991, includes change in farm materials and supplies inventories.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 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.
Addendum:
Change in farm inventories1.............................................
1. Beginning with 1991, includes change in farm materials and supplies inventories.
Table 7.4.5. Housing Sector Output, Gross Value Added,
and Net Value Added
Table 7.4.6. Real Housing Sector Output, Real Gross Value Added,
and Real Net Value Added, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Line
Housing o u tp u t1.............................................................
Nonfarm housing.......................................................
Owner-occupied
Tenant-occupied
Farm housing
Less: Intermediate goods and services consumed......
Equals: Gross housing vaiue a a a e a ..........................
Nonfarm housing.......................................
Owner-occupied....................................
Tenant-occupied....................................
Farm housing...
Less: Consumption of fixed capital................................
Equals: Net housing value added 2.............................
Compensation of employees....................
Taxes on production and imports.............
Less: Subsidies...................................
Net operating surplus................................
Net interestCurrent transfer payments...................
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.......................................
Current surplus of government
enterprises........................................
2004
2005
2006
1 1,162.8 1,228.0 1,312.0 1,377.6
2 1,149.8 1,214.2 1,297.4 1,362.4
951.4 1,020.2 1,063.3
3
898.0
4
277.2
251.8
262.9
299.1
5
13.0
13.7
14.6
15.2
233.7
264.4
273.7
270.8
6
7
929.1
963.5 1,038.3 1,106.9
8
917.9
951.7 1,025.7 1,093.6
9
723.5
750.5
811.3
857.8
214.4
194.3
201.2
235.8
10
11
11.2
11.8
12.6
13.2
12
309.1
259.4
270.2
232.3
696.7
654.4
778.9
836.6
13
14
12.2
12.7
13.3
14.0
215.2
15
189.1
203.3
226.1
30.4
16
28.6
31.8
37.3
17
580.9
633.8
524.0
470.3
487.9
18
562.5
431.9
619.9
11.7
19
1.3
7.6
-15.0
20
6.4
-2.4
5.3
8.8
21
94.5
10.8
14.1
10.8
22
1.4
1.9
1.8
2.2
23
-11.5
-13.0
-14.5
-15.5
1. Equals personal consumption expenditures for housing excluding expenditures for other housing as
shown in table 2.5.5.
2. Equals housing national income.
Line
2007
Housing o u tp u t1.............................................................
Nonfarm housing......................................................
Owner-occupied....................................................
Tenant-occupied...................................................
Farm housing.
Less: Intermediate goods and services consumed.....
Equals: Gross housing value added..........................
Nonfarm housing......................................
Owner-occupied...................................
Tenant-occupied...................................
Farm housing............................................
Less: Consumption of fixed capital...............................
Equals: Net housing value ad d ed ...............................
2004
2005
2006
2007
1 1,025.3 1,056.2 1,090.1 1,105.0
2 1,014.4 1,045.3 1,079.2 1,094.2
793.9
851.7
858.7
3
821.9
235.7
4
223.6
227.7
220.6
5
10.9
10.9
10.9
11.0
6
200.5
216.5
210.2
195.1
913.7
7
840.0
881.4
825.6
904.3
8
816.2
830.6
872.0
655.4
711.2
9
643.3
690.0
10
175.2
182.0
193.1
172.8
11
9.4
9.4
9.5
9.5
194.4
189.7
12
193.9
240.5
726.4
593.8
13 631.3
698.0
1. Equals personal consumption expenditures for housing excluding expenditures for other housing as
shown in table 2.5.6.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type
quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually
not additive.
August 2008
Survey of Current Business
153
Table 7.5. Consumption of Fixed Capital by Legal Form of Organiza
tion and Type of Income
Table 7.6. Capital Consumption Adjustment by Legal Form of Organi
zation and Type of Adjustment
[Billions of dollars]
[Billions of dollars]
Line
Line
2004
2005
2006
2007
Consumption of fixed capital..........................
1
1,436.1
1,612.0
1,623.9
1,720.5
Capital consumption adjustm ent1...............
P rivate................................................................................
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
1,206.0
1,359.7
1,356.0
1,431.1
970.2
1,062.3
1,085.5
1,147.0
For consistent accounting at historical cost.........
For current-cost valuation....................................
797.1
109.7
687.4
173.1
141.9
24.8
117.1
31.2
28.7
26.7
0.3
0.2
1.5
2.5
858.9
114.9
743.9
203.4
161.8
26.5
135.3
41.6
38.9
36.8
0.3
0.2
1.6
2.7
892.8
117.6
775.2
192.7
159.7
28.2
131.5
33.0
30.3
28.0
0.3
0.2
1.7
2.7
945.3
123.0
822.3
201.6
167.6
29.2
138.3
34.1
31.2
28.8
0.3
0.2
1.8
2.9
235.8
297.4
270.5
284.1
173.6
62.1
229.7
67.7
196.9
73.6
205.5
78.7
230.2
252.3
268.0
289.4
192.4
88.5
103.9
37.7
5.5
32.2
207.5
93.2
114.2
44.9
5.9
39.0
223.7
99.5
124.1
44.3
6.1
38.2
241.4
105.5
135.9
48.0
6.3
41.6
Domestic business
Corporate business...............................................
Financial
Nonfinancial
Noncorporate business.........................................
Sole proprietorships and partnerships.............
Farm..............................................................
Nonfarm.............
Other private business......................................
Rental income of persons............................
Nonfarm tenant-occupied housing...........
Farm tenant-occupied housing................
Farms owned by lionoperatorlandlords....
Nonfarm nonresidential properties...........
Proprietors’ income.......................................
Households and institutions....................................
Owner-occupied housing......................................
Nonprofit institutions serving households............
Government......................................................................
General government.................................................
Federal...........
State and local
Government enterprises...........................................
Federal..................................................................
State and local
Addendum:
Nonfarm business.....................................................
28
978.4 1,075.6 1,096.4 1,160.3
Domestic corporate business.....................................
For consistent accounting at historical cost.........
For current-cost valuation.....................................
Financial...................................................................
For consistent accounting at historical cost.........
For current-cost valuation.....................................
Nonfinancial..............................................................
For consistent accounting at historical cost.........
For current-cost valuation.....................................
Domestic noncorporate business..............................
Sole proprietorships and partnerships.....................
Farm 1...................................................................
Nonfarm................................................................
For consistent accounting at historical cost.....
For current-cost valuation.................................
Other private business 1...........................................
Rental income of persons.....................................
Nonfarm tenant-occupied housing...................
Farm tenant-occupied housing........................
Farms owned by nonoperator landlords..........
Nonfarm nonresidential properties..................
Proprietors’ income...............................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2004
2005
2006
2007
178.0
-74.5
-79.4
-91.5
336.1
-158.1
136.7
-211.2
142.4
-221.8
146.4
-237.9
69.7
-134.8
-165.7
-192.7
144.7
-75.1
7.3
11.4
-4.1
62.4
133.3
-71.0
-28.2
-106.6
-18.2
-11.3
-6.9
-116.7
-16.9
-99.7
-38.9
-126.8
-16.7
-7.7
-9.0
-149.0
-31.2
-117.7
-54.6
-138.1
-20.2
-9.3
-10.9
-172.5
-45.3
-127.2
108.4
60.4
86.3
101.2
124.6
-5.8
130.5
191,4
-60.9
-16.2
-15.7
-14.9
-0.2
-0.2
-0.4
-0.6
85.0
-6.6
91.6
164.9
-73.4
-24.6
-23.9
-23.0
-0.2
-0.2
-0.5
-0.7
103.4
-7.2
110.6
181.3
-70.6
-17.2
-16.4
-15.4
-0.2
-0.2
-0.5
-0.7
118.8
-7.5
126.3
201.0
-74.7
-17.6
-16.8
-15.7
-0.2
-0.2
-0.6
-0.8
1. Except for farm proprietorships and partnerships (line 15) and other private business (line 19), the capital
consumption adjustment is calculated in two parts. The adjustment for consistent accounting at historical cost
converts depreciation, based on the service lives and depreciation schedules employed by firms when filing
their income tax returns, to consistent service lives and empirically based depreciation schedules. The adjust
ment for current-cost valuation converts the historical-cost series with consistent accounting to a series valued
at current cost. For farm proprietorships and partnerships and for other private business, the historical-cost
series is based on consistent service lives and empirically based depreciation schedules, so the adjustment
reflects only a conversion to current-cost valuation.
Table 7.7. Business Current Transfer Payments by Type
Table 7.8. Supplements to Wages and Salaries by Type
[Billions of dollars]
[Billions of dollars]
Line
Business current transfer payments (net)............
Payments to persons (n e t).....................................................
Insurance payments to persons by business...................
Automobile insurance....................................................
Medical malpractice insurance......................................
Net insurance settlements.............................................
Donations by corporate business to nonprofit institutions
serving households.......................................................
Other1..............................................................................
Payments to government (n e t)2...........................................
Payments to the rest of the world (n e t)3 ...........................
1
2
3
4
5
6
7
8
9
10
2004
2005
2006
2007
83.0
70.0
85.4
100.2
26.4
38.8
24.9
31.9
8.9
14.1
5.2
-10.4
15.6
14.2
4.8
-3.4
3.3
14.0
4.1
-14.7
10.3
14.1
3.6
-7.4
11.6
6.0
16.6
6.6
14.7
6.9
14.3
7.3
48.1
31.8
57.9
61.4
8.5
-0.6
2.5
6.9
1. Consists largely of losses by business due to fraud and unrecovered thefts, corporate cash prizes, and
payments from personal injury trust funds.
2. For detail, see table 3.7.
3. Consists of net insurance settlements paid to the rest of the world less net insurance settlements received
from the rest of the world.
2004
2005
2006
2007
1
1,276.9
1,354.1
1,405.3
1,456.6
2
408.3
428.1
448.5
464.7
3
868.5
926.0
956.8
991.9
4
5
604.8
635.2
670.4
695.4
266.1
277.9
294.3
307.5
6
47.5
48.6
52.3
54.3
7
8
9
46.8
2.5
1.3
51,9
2.6
1.7
55.0
2.7
1.7
60.2
2.7
1.6
Line
Supplements to wages and salaries.............
Employer contributions for government social
insurance (3.6:2).......................................................
Employer contributions for employee pension and
insurance funds (6.11A-D: 1)....................................
By type
Pension, profit-sharing, and other retirement
benefit plans 1.............................................................
Old-age, survivors, and disability insurance (3.6:5)
Federal civilian employee retirement (6.11 A—
C:26;
6.11 D:28)..............................................................
Federal military employee retirement (6.11 A—
C:27;
6.11D-.29)..............................................................
Railroad retirement (3.6:12)......................................
Pension benefit guaranty (3.6:13)............................
State and local employee retirement (6.11 A-C:28;
6.11 D:30)..............................................................
Private pension and profit-sharing (6.11 A—
C:22;
6.11D:24)..............................................................
Health insurance.............................................................
Federal hospital insurance (3.6:6)...........................
Military medical insurance (3.6:16)...........................
Temporary disability insurance (3.6:18)...................
Private group health insurance (6.11 B,C:31;
6.11D:33) 2...........................................................
Life insurance..................................................................
Veterans life insurance (3.6:14)...............................
Private group life insurance (6.11B,C:32; 6.11 D:34)2
Workers’ com pensation................................................
Federal (3.6:15)........................................................
State and local (3.6:19).............................................
Private insurance (6.11 B,C:33; 6.11D:35)2............
Unemployment insurance.............................................
State unemployment insurance (3.6:8).....................
Federal unemployment tax (3.6:9)...........................
Railroad employees unemployment insurance
(3.6:10).................................................................
Federal employees unemployment insurance
(3.6:11).................................................................
Private supplemental unemployment (6.11 B,C:34;
6.11D:36)..............................................................
10
55.4
61.9
65.3
69.2
11
12
13
14
15
185.2
190.7
199.2
199.9
540.0
578.8
593.4
623.1
75.0
2.0
0.0
78.9
2.1
0.0
84.0
2.5
0.0
88.5
2.5
0.0
463.1
497.7
506.9
532.1
12.6
13.2
15.5
17.3
0.0
12.6
0.0
13.2
0.0
15.5
0.0
17.3
77.4
81.4
81.2
78.2
2.5
18.7
56.1
2.5
18.6
60.4
2.4
17.9
60.9
2.6
18.4
57.2
16
17
18
19
20
21
22
23
24
25
26
42.0
45.5
44.8
42.5
32.5
7.0
35.8
7.2
34.9
7.5
32.5
7.6
27
0.1
0.1
0.1
0.1
28
0.7
0.7
0.7
0.6
29
1.8
1.7
1.7
1.7
1. Employer contributions to privately administered programs and to publicly administered government
employee retirement plans are classified as employer contributions for employee pension and insurance funds.
Employer contributions to other publicly administered programs are classified as employer contributions for
government social insurance.
2. Government contributions to privately administered health, life, and workers’ compensation insurance for
government employees are classified as employer contributions for employee pension and insurance funds.
Note. The numbers in parentheses indicate the tables and line numbers from which the entries in this table
are derived.
August 2008
Supplemental Tables
154
Table 7.10. Dividends Paid and Received by Sector
Table 7.9. Rental Income of Persons by Legal Form of Organization
and by Type of Income
[B n o d lla ]
illio s f o rs
[B n o d lla ]
illio s f o rs
Rental income of persons with capital
consumption adjustm ent.....................................
Other private business...........................................................
Tenant-occupied housing..................................................
Nonfarm tenant-occupied permanent site housing......
Farm tenant-occupied housing owned by farm operator
landlords....................................................................
Farms owned by nonoperator landlords1........................
Nonfarm nonresidential properties 2.................................
Royalties........................................
Households and nonprofit institutions
Nonfarm owner-occupied housing.
Permanent site.........................
Manufactured homes................
Farm owner-occupied housing owned by farm operators
Tenant-occupied housing owned by nonprofit institutions
2004
2005
2006
2007
1
2
3
4
118.4
40.9
44.3
49.2
44.2
11.5
48.6
15.5
10.6
14.6
25.7
25.0
b
6
7
8
9
10
11
12
13
0.8
0.9
1.0
4.7
0.3
28.0
0.7
5.2
0.2
28.0
22.7
21.9
5.1
5.4
0.6
20.8
0.3
27.0
40.0
59.2
69.2
-3 .3
-4 .3
-19.2
64.2
49.4
-8.1
-9.3
-23.8
-15.4
-25.1
15.8
-41.8
14
2.8
2.2
7.3
2.8
2.0
15
97.6
13.8
14.8
2.9
2.1
17.9
2.3
2.4
16.2
12.0
Addendum:
Rental income with capital consumption adjustment (1-8)
1. Includes housing, service structures, and land.
2. Includes rental income of private noninsured pension plans.
Dividends p a id ....................................................
Domestic corporate business 1.....................................
Financial...................................................................
Nonfinancial..............................................................
Rest of the world 2........................................................
Dividends received............................................
Domestic corporate business 2.....................................
Financial.........
Nonfinancial..............................................................
Rest of the world 1........................................................
Government........
Persons 3.......................................................................
Publicly administered government employee
retirement plans....................................................
Other.........................................................................
2004
2005
2006
2007
1
2
3
4
5
6
7
8
9
10
11
12
777.4
1,118.4
1,062.8
1,221.7
656.3
226.3
430.1
121.1
755.0
270.6
484.4
363.3
777.4
1,118.4
1,062.8
1,221.7
164.6
101.5
63.1
73.3
2.4
537.0
438.6
138.3
300.3
102.5
2.5
574.9
258.6
166.7
91.9
102.2
2.7
699.4
337.4
210.3
127.1
95.6
2.8
785.8
13
14
20.9
516.1
25.1
549.8
27.3
672.1
28.7
757.1
15
16
17
18
539.5
491.7
47.8
537.0
577.4
316.5
260.9
574.9
702.1
628.8
73.3
699.4
788.7
671.1
117.6
785.8
Line
Line
887.4 1,008.5
321.1
378.0
630.6
566.3
175.4
213.2
Addenda:
Net corporate dividend payments (16+17)...............
Domestic corporate business (2-7).....................
Rest of the world (5-10).......................................
Personal dividend income (15-11)...........................
1. Remitted earnings to foreign residents from their unincorporated U.S. affiliates are treated as dividends
paid by domestic corporate business (line 2) and as dividends received by the rest of the world (line 10).
2. Earnings of U.S. residents remitted by their unincorporated foreign affiliates are treated as dividends paid
by the rest of the world (line 5) and as dividends received by domestic corporate business (line 7).
3. Dividends received by insured private pension plans are included in dividends received by financial corpo
rate business (line 8), and in imputed interest received by persons, table 7.11 (line 61).
August 2008
155
S u r v e y o f C u r r e n t B u s in e s s
Table 7.11. Interest Paid and Received by Sector and Legal Form of Organization
[Billions of dollars]
Line
2004
2005
2006
2007
Monetary interest
Monetary interest paid..............................................................................
Domestic business1....
Corporate business
Financial............
On deposits2..
On other liabilities..................................................................
Nonfinancial..............................................................................
Sole proprietorships and partnersnips..........................................
Farm..........................................................................................
Nonfarm.............
Other private business..................................................................
Rental income of persons.........................................................
Proprietors’ income...................................................................
Households and nonprofit institutions...............................................
Households...........
Owner-occupied housing..........................................................
Persons3....................................................................................
Nonprofit institutions......................................................................
Government....
Federal......
State and local...............................................................................
Rest of the world...............................................................................
To business and persons...............................................................
To federal government...................................................................
Monetary interest received......................................................................
Domestic business1...........................................................................
Corporate business.......................................................................
Financial.
Nonfinancial..............................................................................
Financial sole proprietorships and partnerships4.........................
Other private business..................................................................
Persons4.............................................................................................
Publicly administered government employee retirement plans5....
Other6............................................................................................
Government....
Federal......
State and local...............................................................................
Rest of the world...............................................................................
From business...............................................................................
1 2,349.7 3,013.8 3,819.6 4,237.2
2 1,308.0 1,779.4 2,360.2 2,605.1
3 1,047.4 1,433.4 1,928.3 2,135.9
4 630.6 952.7 1,363.4 1,523.1
5
77.7 124.1 194.5 239.7
6 552.9 828.6 1,168.9 1,283.4
7 416.8 480.7 564.9 612.9
8 198.3 277.3 354.5 384.5
9.3
9
9.1
10.3
11.0
10 189.0 268.2 344.2 373.5
11
62.2
68.7
77.4
84.6
12
61.1
67.6
76.2
83.5
1.1
1.1
1.1
13
1.1
14 615.9 700.3 799.0 872.4
15 599.8 684.7 783.6 857.1
1fi 391.0 449.8 524.2 568.9
17 208.9 234.9 259.4 288.2
18
16.1
15.6
15.4
15.3
19 313.2 350.2 381.1 414.8
?()
221.0 255.4 282.3 312.6
?1
92.2
94.8
98.9 102.2
22 112.7 183.9 279.2 344.9
?3 110.0 181.5 277.1 343.2
24
2.7
2.4
1.7
2.0
2b 2,349.7 3,013.8 3,819.6 4,237.2
2ti 1,542.9 1,993.7 2,579.3 2,815.8
27 1,473.3 1,888.8 2,425.7 2,659.2
28 1,252.2 1,624.4 2,100.7 2,293.2
29 221.1 264.4 325.0 366.1
30
69.5 104.9 153.5 156.5
31
0.0
0.0
0.0
0.0
32 513.1 618.9 691.8 748.9
33 113.1 117.3 120.5 130.9
34 400.0 501.5 571.3 618.0
75.4
3b
84.6
92.9
99.6
36
16.5
17.6
21.2
16.8
3/
68.1
78.4
58.6
75.2
38 218.4 316.6 455.6 572.8
39 135.8 212.7 320.7 407.7
40
82.5 103.9 135.0 165.1
Imputed interest
Total imputed interest paid (43+70)......................................................
Total imputed interest received (49+89)...............................................
41
42
350.7
326.3
311.3
373.9
350.7
326.3
311.3
373.9
Depositor and insurance services:
Imputed interest paid...........................................................................
Domestic corporate business, financial.........................................
Banks, credit agencies, and investment companies.................
Life insurance carriers...............................................................
Property and casualty insurance companies...........................
Rest of the world...........................................................................
Imputed interest received....................................................................
Domestic business1......................................................................
43
44
4b
46
47
48
49
50
466.3
470.3
491.3
543.2
459.3
236.4
189.7
33.2
7.0
465.9
226.8
208.5
30.6
4.4
484.3
212.7
239.1
32.5
7.0
536.5
257.4
248.0
31.1
6.7
466.3
470.3
491.3
543.2
66.0
50.2
40.0
57.6
1. Excludes interest paid or received by government enterprises, which is included in the government sector.
2. Consists of interest paid on the deposit liabilities of commercial and mutual savings banks, savings and loan associa
tions, and credit unions.
3. Consists of nonmortgage interest paid by households.
4. Interest received by nonfinancial sole proprietorships and partnerships is considered interest received by persons
and is included in line 32.
5. Beginning with October 2002, includes the Uniformed Services Retiree Health Care Fund.
6. Includes nonprofit institutions primarily serving households.
Line
Corporate business....................................................................
Financial...........
Nonfinancial...........................................................................
Sole proprietorships and partnerships.......................................
Farm.......................................................................................
Nonfarm............
Other private business...............................................................
Households and nonprofit institutions............................................
Owner-occupied housing.......................................................
Persons..................................................................................
From banks credit agencies, and investment companies
From life insurance carriers................................................
From property and casualty insurance companies...........
Nonprofit institutions..................................................................
Government...................................................................................
State and local...........................................................................
Rest of the world............................................................................
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
2004
2005
2006
2007
49.0
13.4
35.6
16.5
0.6
15.9
0.5
383.3
382.0
1.3
380.8
178.8
189.7
12.2
1.2
6.0
0.4
5.6
11.0
34.0
-1.6
35.5
15.7
0.6
15.2
0.5
404.5
403.3
1.3
402.0
181.2
208.5
12.3
1.2
5.7
0.4
5.3
10.0
23.3
-12.0
35.3
16.2
0.6
15.7
0.5
435.0
433.9
1.4
432.5
181.1
239.1
12.3
1.2
5.7
0.4
5.3
10.6
38.9
2.8
36.1
18.2
0.7
17.5
0.5
466.7
465.6
1.3
464.3
204.8
248.0
11.5
1.1
7.0
0.8
6.2
12.0
Borrower services:
Imputed interest paid............................................................................
Domestic business1.......................................................................
Corporate business....................................................................
Financial
Nonfinancial...........................................................................
Sole proprietorships and partnerships......................................
Nonfarm..................................................................................
Other private business...............................................................
Rental income of persons and proprietors’ income..............
Households and nonprofit institutions............................................
Households................................................................................
Owner-occupied housing.......................................................
Persons..................................................................................
Nonprofit institutions..................................................................
Government...
Federal......
State and local...........................................................................
Rest of the world............................................................................
Imputed interest received....................................................................
Domestic corporate business, financial.........................................
Banks, credit agencies, and investment companies.................
70 -115.6 -144.0 -180.0 -169.3
/1 —
60.1 -74.6 -94.3 -89.0
72 -44.9 -54.6 -67.6 -63.2
/3
-8.5 -10.3 -13.5 -11.9
74 -36.4 -44.3 -54.1 -51.3
75 -11.3 -15.4 -21.3 -20.6
-1.4
76
-1.2
-1.1
-1.5
77 -10.3 -14.2 -19.8 -19.2
78
-4.6
-5.4
-5.2
-3.9
-5.4
79
-3.9
-4.6
-5.2
80 -50.2 -62.6 -78.5 -74.6
R1 -47.8 -59.6 -74.6 -70.9
82 -30.2 -39.7 -50.6 -48.1
83 -17.6 -19.9 -24.1 -22.8
-3.7
84
-2.4
-3.9
-3.0
85
-5.0
-3.6
-3.9
-4.6
86
0.0
0.0
0.0
0.0
87
-3.6
-3.9
-5.0
-4.6
88
-2.1
-1.4
-1.8
-2.6
89 -115.6 -144.0 -180.0 -169.3
yu -115.6 -144.0 -180.0 -169.3
91 -115.6 -144.0 -180.0 -169.3
Addenda:
Net interest (93+97+98+99)...............................................................
Domestic business (2+44+71-26-50-90).....................................
Corporate (3+44+72-27-51-90)...............................................
Sole proprietorships and partnerships (8+75-30-54)..............
Other private business (11 +78-31-57)......................................
Owner-occupied housing (16+82-60)............................................
Nonprofit institutions (18+84)...........
Rest of the world (22+48+88-38-69)............................................
Net interest paid by government (19+85-35-66)..............................
Personal interest payments (17+83)..................................................
475.9 552.0 612.1 644.4
m
213.9 270.8 311.1 348.5
80.4
94
76.1
55.1
65.9
95 101.0 141.2 163.4 189.2
63.6
96
57.8
71.5
78.9
97 359.5 408.7 472.2 519.6
98
13.7
12.6
11.5
11.6
99 -111.1 -140.0 -182.6 -235.2
100 227.9 255.0 277.9 304.5
101 191.3 215.0 235.4 265.4
102 895.1 1,022.0 1,125.4 1,214.3
92
Note. In this table, imputed interest paid (line 41) is the sum of (1) premium supplements paid to property and casualty
insurance carriers by households and institutions, governments, domestic business, and the rest of the world as a measure
of imputed services provided to these sectors by the property and casualty insurance providers, (2) the difference between
the property income received by financial intermediaries from the investment of depositors’ or beneficiaries' funds and the
interest paid by them to business, households and institutions, governments, and the rest of the world, and (3) the imputed
services provided to these sectors in the role of borrowers of financial services; these services are included as negative
amounts paid by the borrowers and received by the financial intermediaries.
Supplemental Tables
156
August 2008
Table 7.12. Imputations in the National Income and Product Accounts—Continues
[B n o d lla ]
illio s f o rs
2004
2005
2006
2007
1
11,685.9
12,421.9
13,178.4
13,807.5
2
3
4
1,724.4
9,961.5
1,815.5
10,606.3
1,913.9
11,264.5
2,034.0
11,773.6
8,195.9
8,694.1
9,207.2
9,710.2
5
6
/
8
9
10
11
12
13
14
15
1b
17
18
790.5
7,405.4
770.7
7,923.4
862.6
8,344.7
1,081.4
8,628.7
1,888.6
2,086.1
2,220.4
2,130.4
721.6
1,167.0
814.8
1,271.3
806.2
1,414.2
688.1
1,442.2
-615.4
-713.6
-757.3
-707.8
5.4
-620.8
1,182.4
12.4
1,170.0
1.797.8
7.0
1.790.8
7.3
-720.9
1,311.5
11.8
1,299.7
2,025.1
4.4
2,020.7
6.2
-763.5
1,480.8
13.1
1,467.6
2.238.1
7.0
2.231.1
7.3
-715.1
1,662.4
14.0
1,648.4
2,370.2
6.7
2,363.5
19
?0
?1
22
23
24
PS
?fi
2.216.8
2,355.3
2.508.1
2,674.8
71
206.9
2,009.9
1,844.0
-165.9
2,009.9
372.8
372.8
0.0
222.7
2,132.5
1,957.5
-175.1
2,132.5
397.8
397.8
0.0
239.0
2,269.1
2,081.5
-187.7
2,269.1
426.7
426.7
0.0
257.1
2,417.7
2,212.0
-205.8
2,417.7
462.8
462.8
0.0
28
11,666.8
12,493.0
13,341.4
13,889.0
29
30
31
32
33
34
3b
36
37
38
39
40
41
42
43
44
45
46
4/
48
1,724.4
9,942.3
1,815.5
10,677.5
1,913.9
11,427.5
2,034.0
11,855.0
6,662.5
7,037.2
7,440.4
7,819.4
493.9
6,168.6
530.2
6,507.0
544.1
6,896.3
572.4
7,247.0
863.8
928.2
976.2
1,015.5
137.0
726.8
146.0
782.2
155.1
821.1
163.9
851.6
44.6
59.3
49.7
52.3
1.4
43.2
4.0
55.2
2.1
47.7
1.2
51.1
2,748.9
2,974.9
3,350.6
3,386.0
669.8
2,079.1
602.3
598.4
3.9
83.0
0.7
82.3
641.9
2,333.0
709.1
653.9
55.3
70.0
-11.0
81.0
726.1
2,624.4
813.8
718.8
95.0
85.4
10.1
75.3
777.1
2,608.9
899.6
789.3
110.3
100.2
6.2
94.1
49
50
b1
911.6
3.8
907.9
959.8
4.4
955.5
1,014.7
3.7
1,011.0
1,056.2
3.2
1,053.0
5?
53
54
55
56
57
118.4
67.0
51.4
40.9
-5.3
46.2
44.3
-6.5
50.7
40.0
-21.6
61.6
1,436.1
1,612.0
1,623.9
1,720.5
425.1
1,011.0
501.5
1,110.5
490.6
1,133.3
521.8
1,198.6
Line
Line
2004
2005
2006
2007
Gross domestic product
Gross domestic product................................................................
Imputations (133-134+141 +147+148+150+152+153
+158+160+161+165-166+167+170+179+181).............
Excluding imputations (1-2)................................................
Personal consumption expenditures.....................................
Imputations (133-134+141 +147+152+160+167+171
+172+173+174-177-178)...............................................
Excluding imputations (4-5)................................................
Gross private domestic investment.......................................
Imputations (177+178+179)................................................
Excluding imputations (7-8)................................................
Net exports of goods and services.........................................
Imputations (14-17)............................................................
Excluding imputations (10-11)............................................
Exports of goods and services............................................
Imputations (150+158+165)............................................
Excluding imputations (13-14)........................................
Imports of goods and services............................................
Imputations (166)..
Excluding imputations (16-17)........................................
Government consumption expenditures and gross
investment................................................................................
Imputations (148+153+161 +175+181)................................
Excluding imputations (19-20).....
Government consumption expenditures..............................
Imputations (148+153+161+175+181-182)...................
Excluding imputations (22-23)........................................
Gross government investment.............................................
Imputations (182)............................................................
Excluding imputations (25-26)........................................
Gross domestic income
Gross domestic income.................................................................
Imputations (133-134+141+147+148+150+152+153
+158+160+161+165-166+167+170+179+181).............
Excluding imputations (28-29)............................................
Compensation of employees, p a id .........................................
Imputations (170)................................................................
Excluding imputations (31-32)............................................
Taxes on production and imports
Imputations (135+142).....
Excluding imputations (34-35)............................................
Less: Subsidies....................
Imputations (136)................................................................
Excluding imputations (37-38)............................................
Net operating surplus
Imputations (138+139+167+179+183)................................
Excluding imputations (40-41)............................................
Net interest and miscellaneous payments...........................
Imputations (183)............................................................
Excluding imputations (43-44)........................................
Business current transfer payments (net)............................
lmputations(138 ).............................................................
Excluding imputations (46-47)........................................
Proprietors' income with inventory valuation and capital
consumption adjustments................................................
lmputations(167+179).....................................................
Excluding imputations (49-50)........................................
Rental income of persons with capital consumption
adjustment........................................................................
Imputations (139)............................................................
Excluding imputations (52-53)........................................
Consumption of fixed capital...................................................
Imputations (140+144+181)................................................
Excluding imputations (55-56)............................................
Imputations (139-136+147+160
-164+167+171+172+173+174+179)
Excluding imputations (58-59)................................................
Compensation of employees, received....................................
Excluding imputations (61-62)............................................
Proprietors’ income with inventory valuation and capital
Excluding imputations (64-65)............................................
Imputations (147+160-164)................................................
Excluding imputations (70-71)............................................
Personal current transfer receipts............................................
Imputations (-136)..............................................................
Excluding imputations (73-74)............................................
Less: Contributions for government social insurance.............
Excluding imputations (76-77)............................................
Personal current taxes..................................................................
Imputations (-135-142)..........................................................
Excluding imputations (79-80)................................................
Disposable personal income.......................................................
Imputations (59-80)................................................................
Excluding imputations (82-83)................................................
Personal outlays.............................................................................
Imputations (5-138+198)........................................................
Excluding imputations (85-86)................................................
Personal saving..............................................................................
Imputations (177+178+179-140-144)....................................
Excluding imputations (88-89)................................................
58
9,727.2
10,269.8
10,993.9
11,663.2
59
60
61
6?
63
749.8
8.977.4
6.671.4
493.9
6,177.5
713.9
9,555.9
7,025.8
530.2
6,495.6
727.5
10,266.4
7,432.6
544.1
6,888.4
763.9
10,899.4
7,818.6
572.4
7,246.2
64
6b
66
911.6
3.8
907.9
959.8
4.4
955.5
1,014.7
3.7
1,011.0
1,056.2
3.2
1,053.0
67
68
b9
70
71
72
73
74
75
76
77
78
79
80
81
8?
83
84
85
86
87
88
89
yu
118.4
40.9
44.3
51.4
895.1
191.0
704.1
1,422.5
-1.4
1,423.9
828.8
4.6
824.3
46.2
1,022.0
193.3
828.7
1,520.7
-4.0
1,524.8
874.3
4.6
869.6
50.7
1,125.4
193.2
932.2
1,603.0
-2.1
1,605.1
925.5
5.0
920.5
40.0
-21.6
61.6
1,214.3
216.1
998.2
1,713.3
-1.2
1,714.5
965.1
5.1
960.0
1,046.3
1,207.8
1,353.2
1,492.8
-137.0
1,183.3
-146.0
1,353.8
-155.1
1,508.3
-163.9
1,656.6
8,680.9
9,062.0
9,640.7
10,170.5
886.8
7.794.1
859.8
8,202.1
882.6
8,758.1
927.7
9,242.7
8.499.2
9,029.5
9,570.0
10,113.1
397.8
8,101.4
339.1
8,690.4
343.4
9,226.6
520.1
9,593.0
181.7
32.5
70.7
57.4
489.0
-307.3
520.7
-488.3
539.3
-468.5
407.7
-350.3
3,254.1
3,620.4
3,963.8
4,177.8
10.6
3,243.5
10.3
3,610.0
10.7
3,953.1
12.1
4,165.7
Government current receipts,
expenditures, and net saving
Government current receipts......................................................
Imputations (148+161+175)....................................................
Excluding imputations (91-92)................................................
Government current expenditures.............................................
Imputations (148+161+175+181-182)....................................
Excluding imputations (94-95)................................................
Net government saving.................................................................
Imputations (182-181)............................................................
91
92
93
94
95
96
9/
98
99
3,623.2
3.882.6
4,118.8
4,396.7
-169.8
3,793.0
-180.0
4.062.6
-192.3
4,311.1
-209.4
4,606.1
-369.1
-262.2
-155.0
-218.9
180.4
-549.5
190.3
-452.6
203.0
-357.9
221.5
-440.4
1,619.9
1,885.0
2,206.1
2,524.1
18.0
1,601.9
1,182.4
12.4
1,170.0
437.5
5.6
431.9
14.4
1,870.6
1,311.5
11.8
1,299.7
573.5
2.6
570.8
17.6
2,188.6
1,480.8
13.1
1,467.6
725.4
4.4
721.0
18.7
2,505.5
1,662.4
14.0
1,648.4
861.7
4.6
857.1
2,244.0
2,595.9
2,977.7
3,242.7
18.0
2,226.1
1,797.8
7.0
1,790.8
361.3
11.0
350.3
14.4
2,581.5
2,025.1
4.4
2,020.7
480.5
10.0
470.5
17.6
2,960.2
2,238.1
7.0
2,231.1
647.1
10.6
636.5
18.7
3,224.1
2,370.2
6.7
2,363.5
759.3
12.0
747.4
1,637.3
1,773.0
1,875.5
1,874.6
1,094.4
542.8
1,212.6
560.4
1,232.8
642.6
1,151.0
723.6
182.0
232.2
414.5
235.6
669.4
-487.3
181.7
489.0
-307.3
-369.1
180.4
-549.5
711.1
-478.9
32.5
520.7
-488.3
-262.2
190.3
-452.6
742.2
-327.7
70.7
539.3
-468.5
-155.0
203.0
-357.9
629.1
-393.6
57.4
407.7
-350.3
-218.9
221.5
-440.4
1,436.1
1,612.0
1,623.9
1,720.5
425.1
1,011.0
501.5
1,110.5
490.6
1,133.3
521.8
1,198.6
Current receipts from and
payments to the rest of the world
Current receipts from the rest of the w o rld .............................
Imputations (150+165+166)....................................................
Excluding imputations (100-101)............................................
Exports of goods and services................................................
Imputations (150+158+165)................................................
Excluding imputations (103-104)........................................
Income receipts from the rest of the world..............................
Imputations (-158+166)......................................................
Excluding imputations (106-107)..
Current payments to the rest of the w orld...............................
Imputations (150+165+166)............
Excluding imputations (109-110).....
lmputations(166)..........................
Excluding imputations (112-113).
Income payments to the rest of the world................................
Imputations(150+165).................
Excluding imputations (115-116)........................................
100
101
102
103
104
10b
106
107
108
109
110
111
11V
113
114
115
116
117
Gross saving or
gross domestic investment
Gross domestic investment, or gross saving and statistical
discrepancy..................................................................................
Imputations (176+182-140-144-181)....................................
Excluding imputations (121-122)............................................
Personal saving.......................................................................
Imputations (176-140-144)................................................
Excluding imputations (124-125)........................................
Net government saving.........
Imputations (182-181)........................................................
Excluding imputations (127-128)........................................
118
119
120
121
122
123
124
125
126
127
128
129
Excluding imputations (130-131)............................................
130
131
132
Imputations (176+182)............................................................
Excluding imputations (118-119)............................................
Net saving........................................................................................
Personal income, outlays, and saving
Personal income..............................................................................
Rental income of persons with capital consumption
adjustment............................................................................
Imputations (139)................................................................
Excluding imputations (67-68)............................................
August 2008
157
S u r v e y o f C u r r e n t B u s in e s s
Table 7 .1 2 . Imputations in the National Income and Product Accounts—
Table
Ends
[B n o d lla ]
illio s f o rs
Line
Specific imputations
Owner-occupied housing:
Space rent...............................................................................
Intermediate inputs.....
Taxes on production and imports.............................................
Subsidies.................................................................................
Net interest (186-156-164).....................................................
Current transfer payments.......................................................
Rental income of persons with capital consumption
adjustment (133-134-135+136-137-138-140)................
Consumption of fixed capital...................................................
Rental value of nonresidential fixed assets owned and used
by nonprofit institutions serving households1.................
Taxes on production and imports.............................................
Net interest (187+190).............................................................
Consumption of fixed capital...................................................
Services furnished without payment by financial
intermediaries except life insurance carriers (146+151)....
Depositor services...................................................................
Persons2..............................................................................
Government.
Private enterprises..............................................................
Rest of the world3................................................................
Borrower services....................................................................
Persons......
Government.
Private enterprises..............................................................
Domestic business..........................................................
Owner-occupied housing................................................
Nonprofit institutions serving households.......................
Rest of the world4................................................................
Premium supplements for property and casualty insurance
(160+161+162+165-166)........................................................
Persons and nonprofit institutions serving households..........
Government.............................................................................
Private enterprises..................................................................
Domestic business..............................................................
Owner-occupied housing.....................................................
To the rest of the world (exports).............................................
From the rest of the world (imports)........................................
Farm products consumed on farms........................................
Output.......................................................................................
Less: Intermediate inputs........................................................
Employment-related imputations.............................................
Food furnished to employees, including military and domestic
service5...............................................................................
Standard clothing issued to military personnel6.....................
Employees' lodging5................................................................
Employer contributions for health and life insurance6............
Contributions for government social insurance for federal
government employees for certain programs7...................
Private investment-related imputations..................................
Owner-occupied residential structures8..................................
Nonresidential fixed investment by nonprofit institutions
serving households9...........................................................
Margins on owner-built housing...............................................
Government investment-related imputations........................
General government consumption of fixed capital10..............
Gross government investment11..............................................
2004
2005
2006
2007
133
134
135
13b
13/
133
905.7
175.7
130.7
1.4
359.5
0.7
959.5
202.1
139.2
4.0
408.7
-11.0
1,028.7
210.3
147.8
2.1
472.2
10.1
1,071.2
206.7
156.0
1.2
519.6
6.2
139
140
67.0
173.6
-5.3
229.7
-6.5
196.9
-21.6
205.5
141
142
143
144
79.1
83.7
88.8
94.4
6.4
13.7
59.0
6.7
12.6
64.4
7.2
11.5
70.1
7.8
11.6
75.0
145
146
147
148
149
150
151
152
163
154
155
156
15/
158
351.9
370.8
392.7
426.7
236.4
178.8
5.8
42.8
9.0
115.6
17.6
3.9
92.7
60.1
30.2
2.4
1.4
226.8
181.2
5.5
31.6
8.6
144.0
19.9
5.0
117.4
74.6
39.7
3.0
1.8
212.7
181.1
5.5
17.8
8.3
180.0
24.1
4.6
148.8
94.3
50.6
3.9
2.6
257.4
204.8
6.8
35.7
10.1
169.3
22.8
3.6
140.8
89.0
48.1
3.7
2.1
Net interest, domestic (184-191+192-195)..........................
Interest paid by persons......................................................
Monetary interest paid by persons..................................
Owner-occupied housing.............................................
Interest paid by nonprofit institutions serving
households..............................................................
Imputed interest paid by persons....................................
Owner-occupied housing (-156).................................
Nonprofit institutions serving households (-157).......
Less: Imputed interest received by persons (164)..............
Imputed interest paid by private enterprises......................
By banks, credit agencies, and investment companies
for depositor services and by property and casualty
insurance carriers (146+159)......................................
By private enterprises for borrower services (-154).......
Less: Imputed interest received...........................................
By banks for borrower services (-151)...........................
By other private enterprises (149+162)..........................
Personal interest payments......................................................
Owner-occupied housing (-186+156).................................
Interest paid by nonprofit institutions serving households
(-143)..............................................................................
Borrower services paid by persons (-152).........................
Personal interest income (147+160-164)..............................
Net interest, domestic (183)................................................
Net interest, rest of the world (-150-158-165+166)..........
Net imputed interest paid by government (-148-153-161)
Personal interest payments (198)........................................
2004
2005
2006
2007
159
160
161
162
163
33.2
30.6
32.5
31.1
13.5
0.2
13.5
0.2
13.5
0.2
12.6
0.2
23.2
1.3
2.0
7.0
18.6
1.3
1.4
4.4
22.2
2.3
7.0
22.0
1.3
1.8
6.7
0.2
0.2
0.2
0.3
165
166
lb/
1b8
169
170
0.5
0.3
0.5
0.3
0.6
0.4
0.6
0.3
493.9
530.2
544.1
572.4
171
172
1/3
174
12.7
0.3
0.6
475.7
13.7
0.4
0.6
510.9
15.7
0.4
0.7
522.4
16.9
0.4
0.7
549.3
175
176
177
4.6
4.6
721.6
814.8
806.2
688.1
619.8
709.0
693.6
568.3
178
179
180
181
18?
5.0
5.1
98.3
3.6
101.7
4.1
109.1
3.5
116.9
3.0
565.2
605.3
650.3
704.2
192.4
372.8
207.5
397.8
223.7
426.7
241.4
462.8
183
184
185
186
598.4
653.9
718.8
789.3
374.4
407.0
391.0
422.7
465.4
449.8
485.1
539.6
524.2
532.4
584.2
568.9
187
188
189
190
191
192
16.1
-32.6
-30.2
-2.4
1.3
176.9
15.6
-42.7
-39.7
-3.0
1.3
140.0
15.4
-54.5
-50.6
-3.9
1.4
96.5
15.3
-51.8
-48.1
-3.7
1.3
147.7
193
194
195
196
197
198
199
269.6
-92.7
-48.3
-115.6
67.2
257.4
-117.4
-92.5
-144.0
51.5
245.2
-148.8
-138.6
-180.0
41.3
288.5
-140.8
-110.5
-169.3
58.9
-392.0
-442.6
-509.1
-555.2
-360.7
—
410.1
-473.6
-520.8
200
201
202
203
204
205
206
-13.7
-17.6
-12.6
-19.9
-11.5
-24.1
-11.6
-22.8
191.0
193.3
193.2
216.1
598.4
-5.4
-9.9
-392.0
653.9
-7.3
-10.6
-442.6
718.8
-6.2
-10.3
-509.1
789.3
-7.3
-10.6
-555.2
207
208
209
11,685.9
12,421.9
13,178.4
13,807.5
1,724.4
730.0
1,815.5
757.3
1,913.9
818.5
2,034.0
864.4
210
79.1
83.7
88.8
94.4
211
216.4
221.9
226.1
250.3
Selected aggregates
Gross domestic product..............................................................
1. Residential dwellings owned and used by nonprofit institutions serving households are included in owner-occupied
housing categories.
2. Includes services furnished without payment by financial intermediaries except life insurance carriers to government
employee retirement plans.
3. Classified as a service in exports, and as an income payment to the rest of the world.
4. Classified as a service in exports, and as an income receipt from the rest of the world.
5. For general government employees, recorded as compensation of employees (wages and salaries) and as a sale; does
not affect government consumption expenditures. Similar payments for employees of government enterprises are not
included in government consumption expenditures; they are deducted in the calculation of the surplus of government enter
prises.
6. Health insurance premiums paid by employers are included in the calculation of the “health insurance” category of
personal consumption expenditures (PCE); life insurance premiums paid by employers are included in the calculation of the
“expenses of handling life insurance and pension plans” category of PCE.
7. Consists of the programs for which a social insurance fund is imputed, and for which contributions are set equal to bene
fits paid. These payments are funded directly out of the current budget. The specific programs consist of workers’ compensa
tion, unemployment insurance, and medical services for the dependents of active duty military personnel at nonmilitary
facilities. Source data are not available for the corresponding treatment for similar state and local government programs.
Similar payments for employees of government enterprises are not included in government consumption expenditures; they
are deducted in the calculation of the surplus of government enterprises.
Line
Interest-related imputations:
Imputations..............................................................................
Owner-occupied housing (133-134)...................................
Rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households
(142+143+144)................................................................
Services furnished without payment by financial
intermediaries except life insurance carriers
(147+148+150+152+153+158).......................................
Premium supplements for property and casualty insurance
(160+161+165-166)........................................................
Employment-related imputations (170)................................
Farm products consumed on farms (167)..........................
Margins on owner-built housing (179).................................
Consumption of general government fixed capital (181)....
Excluding imputations (207-208)............................................
7.9
212
8.8
10.7
9.0
544.1
572.4
213
493.9
530.2
214
0.2
0.2
0.2
0.3
4.1
215
3.6
3.5
3.0
192.4
223.7
241.4
216
207.5
V17 9,961.5 10,606.3 11,264.5 11,773.6
Personal income.............................................................................
218 9,727.2 10,269.8 10,993.9 11,663.2
Imputations.............................................................................. 219
749.8
713.9
727.5
763.9
Food furnished to employees, including military and
domestic service (171).................................................... 220
12.7
13.7
15.7
16.9
Standard clothing issued to military personnel (172)......... 221
0.4
0.4
0.4
0.3
Employees’ lodging (173).................................................... 222
0.7
0.7
0.6
0.6
475.7
522.4
Employer contributions for health and life insurance (174)
223
510.9
549.3
Farm products consumed on farms (167).......................... 224
0.2
0.2
0.2
0.3
4.1
Margins on owner-built housing (179)................................. 225
3.5
3.0
3.6
Owner-occupied housing (139-136)................................... 226
-9.4
65.6
-8.5
-22.8
Depositor services furnished without payment by financial
intermediaries except life insurance carriers and
premium supplements (147+160-164)........................... 227
193.2
191.0
193.3
216.1
228 8,977.4 9,555.9 10,266.4 10,899.4
8. Consists of owner-occupant purchases of new single-family dwellings, including manufactured homes, expenditures on
improvements, and payments of commissions on new and existing residential dwellings, less sales of dwellings to govern
ment. The series is calculated from the investment data prepared as part of BEA’s capital stock estimates. It differs from the
investment data shown in table 5.4.5 because the series shown in that table reflect total purchases by private business.
9. Excludes investment by nonprofit institutions serving households in residential properties, which is included in owneroccupant investment (see footnote 1) and in sales of existing structures to governments. The series is calculated from the
investment data prepared as part of BEA’s capital stock estimates. It differs from the investment data shown in table 5.4.5
because the series shown in that table reflect total purchases by private business.
10. The consumption of fixed capital (CFC) of government enterprises is not included in government consumption expen
ditures; it is deducted in the calculation of the current surplus of government enterprises and is recorded as part of total
government CFC.
11. Includes gross investment of government enterprises.
Note. “Imputations" are transactions recorded in the national income and product accounts that are not transactions of the
market economy. In this table, the imputations shown in the “specific imputations” section are those that affect gross domestic
product (GDP). In table 7.11, imputed interest paid by life insurance carriers (line 46) consists of the property incomes earned
on life insurance and pension reserves. These incomes are considered to be incomes received by persons and not by the
insurance carriers; this reclassification is not considered an imputation for purposes of table 7.12, because it does not affect
GDP
Supplemental Tables
158
August 2008
Table 7.13. Relation of Consumption of Fixed Capital in the National Income and Product Accounts to Depreciation and
Amortization as Published by the Internal Revenue Service
[Billions of dollars]
Line
2004
2005
2006
2007
Corporations
Less: Depreciation of assets of foreign branches.............................................................................................................................
Depreciation or amortization of intangible assets 1................
1
2
3
825.7
675.2
2.9
96.1
30.0
14.3
135.6
15.7
2.7
3.3
104.1
28.5
23.4
139.3
17.3
2.8
Plus: Accidental damage to fixed capital other than repairable damage..........................................................................................
Depreciation of computer software not in IRS depreciation.................................................................................................
Depreciation of mining exploration, shafts, and wells charged to current expense.............................................................
Depreciation of motor vehicles not in IRS depreciation 3....................................................................................................
Depreciation of railroad track charged to current expense 4....
4
5
6
/
8
y
10
1.8
1.9
Equals: Capital consumption allowances, NIPAs................................................................................................................................
1
1
866.8
724.0
727.1
752.6
Less: Capital consumption adjustment.............................................................................................................................................
12
13
69.7
-134.8
-165.7
-192.7
797.1
858.9
892.8
945.3
263.7
236.3
257.6
10.6
20.5
1.0
2.5
7.6
5.1
0.7
9.4
18.9
1.0
5.5
7.8
6.1
0.5
10.3
20.6
1.0
0.6
8.0
7.4
0.5
247.6
226.9
242.1
Equals: Consumption of fixed capital, NIPAs........................................................................................................................................
Nonfarm sole proprietorships and partnerships
Adjustment for misreporting on incom e tax returns
Plus: Accidental damage to fixed capital other than repairable damage..........................................................................................
Depreciation of computer software not in IRS depreciation.................................................................................................
Depreciation of mining exploration, shafts, and wells charged to current expense.............................................................
Depreciation of motor vehicles not in IRS depreciation 3....................................................................................................
Equals: Capital consumption allowances, NIPAs
Less: Capital consumption adjustment............
Equals: Consumption of fixed capital, NIPAs
14
15
16
17
18
19
20
21
22
23
24
264.6
130.5
91.6
110.6
126.3
117.1
135.3
131.5
138.3
1. Consists of intangible assets that the IRS allows to be amortized.
2. Consists of depreciation or amortization of the following items: Breeding, dairy, and work animals; motion picture films; rental videocassettes; and rental clothing.
3. Consists of depreciation of employees' motor vehicles reimbursed by business and depreciation of business motor vehicles charged to current expense.
4. Beginning with 1981, included in IRS depreciation (line 1).
5. Consists of depreciation of assets owned by Federal Reserve banks, Federally sponsored credit agencies, credit unions, and nonprofit institutions serving business; depreciation of interest paid by
public utilities for own-account investment prior to 1987 (beginning with 1987, included in line 1).
6. Consists of depreciation or amortization of rental videocassettes and rental clothing.
IRS Internal Revenue Service
Table 7.14. Relation of Nonfarm Proprietors’ Income in the National Income and Product Accounts to Corresponding Mea
sures as Published by the Internal Revenue Service
[Billions of dollars]
Line
Adjustment to depreciate expenditures for mining exploration, shafts, and wells...............................................................
Equals: Nonfarm proprietors’ income, NIPAs.......................................................................................................................................
1
?
3
4
5
6
7
8
9
2004
2005
2006
512.9
634.7
356.7
-144.9
1.5
5.5
14.0
1.4
2.9
389.5
-217.1
1.9
10.8
15.3
1.5
3.1
407.4
-238.2
1.9
11.2
12.3
1.6
3.6
750.0
839.7
892.5
2007
692.7
893.5
1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written off, of adjustments for corporate partners and statutory employees, of interest income,
and of margins on owner-built housing.
IRS Internal Revenue Service
August 2008
159
Survey of Current Business
Table 7.16. Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Correspond
ing Measures as Published by the Internal Revenue Service
[Billions of dollars]
Line
Total receipts less total deductions, IRS..............................................................................................................................
Plus: Adjustment for misreporting on income tax returns.........................................................................................................
Posttabulation amendments and revisions 1.................................................................................................................
Income of organizations not filing corporation income tax returns...............................................................................
Federal Reserve banks...................................................
Federally sponsored credit agencies 2..........................
Other3............................................................................
Depletion on domestic minerals....................................................................................................................................
Adjustment to depreciate expenditures for mining exploration, shafts, and wells........................................................
State and local taxes on corporate income........................
Interest payments of regulated investment companies.................................................................................................
Bad debt expense..........................................................................................................................................................
Less: Tax-return measures of:
Gains, net of losses, from sale of property...............................................................................................................
Dividends received from domestic corporations.......................................................................................................
Income on equities in foreign corporations and branches (to U.S. corporations)....................................................
Costs of trading or issuing corporate securities 4.........................................................................................................
Plus: Income received from equities in foreign corporations and branches by all U.S. residents, net of corresponding payments
Equals: Profits before taxes, NIPAs..............................................................................................................................................
Federal income and excess profits taxes, IRS............................................................................................................................
Plus: Posttabulation amendments and revisions, including results of audit and renegotiation and carryback refunds..................
Amounts paid to U.S. Treasury by Federal Reserve banks.................................................................................................
State and local taxes on corporate income............................................................
Taxes paid by domestic corporations to foreign governments on income earned abroad..................................................
Less: U.S. tax credits claimed for foreign taxes paid..........................................................
Investment tax credit5............................................................................................
Other tax credits 5...................................................................................................
Equals: Taxes on corporate income, NIPAs................................................................................................................................
Profits after tax, NIPAs (1 8 -27 ).................................................................................................................................................................
Dividends paid in cash or assets, IRS.........................................................................................................................................
Plus: Posttabulation amendments and revisions 6...........................................................................................................................
Dividends paid by Federal Reserve banks and certain federally sponsored credit agencies 2..........................................
U.S. receipts of dividends from abroad, net of payments to abroad....................................................................................
Earnings remitted to foreign residents from their unincorporated U.S. affiliates.................................................................
Interest payments of regulated investment companies........................................................................................................
Less: Dividends received by U.S. corporations................................................................................................................................
Earnings of U.S. residents remitted by their unincorporated foreign affiliates....................................................................
Equals: Net corporate dividend payments, NIPAs......................................................................................................................
2004
2005
1.075.7
264.9
-0.7
36.5
26.6
4.7
5.2
12.3
13.9
56.3
-106.2
119.0
170.8
98.7
167.9
22.3
193.4
246.1
122.3
514.1
24.4
239.4
1.204.7
1,620.6
299.6
419.2
7.8
18.1
43.0
14.1
57.8
2007
1,892.0
217.1
18.6
32.9
20.0
4.0
8.9
9.2
9.9
43.0
-75.3
139.7
2006
7.4
21.5
56.3
16.5
82.9
1,873.7
17.3
24.2
307.4
413.7
468.9
450.4
897.3
1,206.9
1,404.8
1,435.9
702.1
788.7
785.0
976.0
-59.4
1.2
47.8
3.8
-75.3
157.1
6.5
-67.9
1.9
260.9
4.2
-106.2
485.2
6.3
539.5
577.4
1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written off, of adjustments for insurance carriers and savings and loan associations, of amor
tization of intangible assets, and of tax-exempt interest income.
2. Consists of the Farm Credit System and the Federal home loan banks.
3. Consists of nonprofit organizations serving business and of credit unions.
4. Includes the imputed financial service charge paid by corporations to domestic securities dealers who do not charge an explicit commission.
5. Beginning with 1984, the investment tax credit is included in other tax credits (line 26).
6. Consists largely of an adjustment to remove capital gains distributions of regulated investment companies.
IRS Internal Revenue Service
August 2008
Supplemental Tables
160
Table 7.17. Relation of Monetary Interest Paid and Received in the National Income and Product Accounts to Corresponding
Measures as Published by the Internal Revenue Service
[Billions of dollars]
Line
Corporations
Interest paid, IRS...............................................................................................................................
Less: Interest paid by foreign branches of commercial banks...........................................................
Plus: Interest paid by organizations not filing corporation income tax returns...................................
Federally sponsored credit agencies.................................................................................
Other1................................................................................................................................
Interest paid by regulated investment companies reported as distributions to stockholders.
Adjustment for mutual savings banks and savings and loan associations............................
Other2....................................................................................................................................
Equals: Monetary interest paid by corporations, NIPAs..............................................................
Nonfarm proprietorships and partnerships
Interest paid, IRS...............................................................................................................................
Plus: Interest reported on rental expense schedule...........................................................................
Interest passed through to partners.......
Interest capitalized on tax returns..........
Less: Adjustment for misreporting on income tax returns..................................................................
Equals: Monetary interest paid, NIPAs...........................................................................................
Corporations
Interest received, IRS.......................................................................................................................
Less: interest received by foreign branches of commercial banks.....................................................
Plus: Interest received by organizations not filing corporation income tax returns...........................
Federal Reserve banks.......................................................................................................
Federally sponsored credit agencies.................................................................................
Other3................................................................................................................................
Adjustment for mutual savings banks and savings and loan associations.............................
Other4....................................................................................................................................
20
04
20
05
20
06
20
07
938.8
15.2
47.6
35.1
12.5
106.2
-0.8
8.5
1,047.4
1.433.4
1,928.3
75.2
115.3
150.0
87.4
41.6
0.6
15.8
101.5
71.9
1.8
22.2
112.7
108.2
2.0
28.5
189.0
268.2
344.2
373.5
1,384.8
1.773.4
9.6
78.6
23.5
24.5
30.6
7.8
11.6
Equals: Monetary interest received by corporations, NIPAs.
1,287.1
3.5
30.1
20.2
9.9
75.3
1.1
5.7
11.2
104.2
30.7
39.5
33.9
6.6
15.7
1,888.8
2,425.7
2,659.2
1,473.3
2,135.9
1. Consists of interest paid by nonprofit organizations serving business and by credit unions.
2. Consists of construction interest capitalized on tax returns, interest reported on tax returns in cost of goods sold, and interest passed through to shareholders by small business corporations.
3. Consists of nonprofit organizations serving business, of credit unions, and of other tax-exempt interest received by commercial banks and nonlife insurance carriers.
4. Consists of interest received by credit agencies and finance companies reported as business receipts on tax returns and of interest passed through to shareholders by small business corporations.
Note. Total interest received by financial proprietorships and partnerships is not separately identified by the IRS.
IRS Internal Revenue Service
Table 7.18. Relation of Wages and Salaries in the National Income and Product Accounts to Wages and Salaries
as Published by the Bureau of Labor Statistics
[Billions of dollars]
Line
2004
2006
2005
2007
Total wages and salaries, BLS 1....................................................................................................................................
1
5,087.6
5,351.9
5,692.6
6,017.3
Plus: Adjustment for misreporting on employment tax returns 2.............................................................................
Adjustment for thrift savings plans 3............................................................................................................
Adjustment for selected industries 4............................................................................................................
Other5..........................................................................................................................................................
2
3
4
5
6
7
8
117.6
0.0
166.7
22.7
122.2
0.0
174.3
23.2
127.5
0.0
182.3
24.8
130.8
0.0
188.7
25.2
5,394.5
5,671.7
6,027.2
6,362.0
Equals: Wage and salary disbursements, NIPAs
Plus: Wage accruals less disbursements, NIPAs
Equals: Wage and salary accruals, NIPAs
-15.0
5.0
1.3
-6.3
5,379.5
5,676.7
6,028.5
6,355.7
1. Total annual wages of workers covered by State unemployment insurance (Ul) laws and by the Unemployment Compensation for Federal Employees program. Data for the most recent year are
preliminary.
2. Consists of unreported wages and salaries paid by employers and of unreported tips.
3. Consists of voluntary contributions by employees. Prior to 1985, employers were not required to report these contributions. In 1985, reporting requirements were enacted by over one half of the
States; by 1990, the requirement had been enacted by almost all States.
4. Consists of the difference between estimates from more comprehensive source data (excluding the adjustments in lines 2 and 3) and BLS wages and salaries.
5. Consists of wages and salaries for insurance agents classified as statutory employees, for students and their spouses employed by public colleges or universities, for nonprofit organizations not
participating in the Ul program, for judicial fees paid to jurors and witnesses, for compensation of prison inmates, for marriage and license fees paid to justices of the peace, and of other coverage
adjustments.
BLS Bureau of Labor Statistics
August 2008
161
GDP and Other Major NIPA Series, 1929-2008:11
The historical series from the national income and
product accounts (NIPAs) have been updated to
present revised estimates from the 2008 annual revi
sion and the “advance” estimates for the second
quarter of 2008.
Table 1 presents current-dollar estimates of gross
domestic product (GDP) and its components. Table
2A presents estimates of real GDP and its components
in chained dollars, and table 2B presents estimates of
real GDP and its components in chain-type quantity
indexes. Table 3 presents price indexes. Table 4 presents
national income and personal income.
The estimates are available on BEA’s Web site at
< www.bea.gov>.
Table 1. Gross Domestic Product—Continues
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
Government consumption
expenditures and gross
investment
Net exports of goods
and services
Gross private domestic investment
Fixed investment
Gross
domestic
product
Total
Non
Durable durable
Services
goods
goods
Change
in
private
Equip Resi inven
Struc ment dential tories
tures
and
software
Nonresidential
Total
Total
Total
Net
Exports Imports
Total
Federal
Percent change
from preceding
period
Final
Gross
sales of national
domestic product
Final
State product
Gross sales of
domestic
and
domestic
product
local
product
1929...............
103.6
77.4
9.2
37.7
30.5
16.5
14.9
11.0
5.5
5.5
4.0
1.5
0.4
5.9
5.6
9.4
1.7
7.6
102.1
104.4
1930...............
1931...............
1932...............
1933...............
1934...............
91.2
76.5
58.7
56.4
66.0
70.1
60.7
48.7
45.9
51.5
7.2
5.5
3.6
3.5
4.2
34.0
29.0
22.7
22.3
26.7
29.0
26.2
22.3
20.2
20.5
10.8
5.9
1.3
1.7
3.7
11.0
7.0
3.6
3.1
4.3
8.6
5.3
2.9
2.5
3.3
4.4
2.6
1.4
1.1
1.2
4.2
2.6
1.5
1.4
2.1
2.4
1.8
0.8
0.6
0.9
-0.2
-1.1
-2.4
-1.4
-0.6
0.3
0.0
0.0
0.1
0.3
4.4
2.9
2.0
2.0
2.6
4.1
2.9
1.9
1.9
2.2
10.0
9.9
8.7
8.7
10.5
1.8
1.9
1.8
2.3
3.3
8.2
8.0
6.9
6.4
7.2
91.4
77.6
61.1
57.8
66.6
91.9
77.0
59.1
56.7
66.3
-12.0
-16.1
-23.2
17.0
-10.4
-15.1
-21.3
-5.4
15.1
1935...............
1936...............
1937...............
1938...............
1939...............
73.3
83.8
91.9
86.1
92.2
55.9
62.2
66.8
64.3
67.2
5.1
6.3
6.9
5.7
6.7
29.3
32.9
35.2
34.0
35.1
21.5
23.0
24.7
24.6
25.4
6.7
8.6
12.2
7.1
9.3
5.6
7.5
9.5
7.7
9.1
4.3
5.8
7.5
5.5
6.1
1.4
1.9
2.7
2.1
2.2
2.8
3.9
4.8
3.4
3.9
1.3
1.7
2.1
2.1
3.0
1.1
1.2
2.6
-0.6
0.2
-0.2
-0.1
0.1
1.0
0.8
2.8
3.0
4.0
3.8
4.0
3.0
3.2
4.0
2.8
3.1
10.9
13.1
12.8
13.8
14.8
3.4
5.6
5.1
5.7
6.0
7.5
7.5
7.7
8.1
8.8
72.2
82.6
89.2
86.7
92.0
73.6
84.0
92.2
86.5
92.5
11.1
14.3
9.7
-6.2
7.0
8.4
14.5
8.0
-2.8
6.1
1940...............
1941...............
1942...............
1943...............
1944...............
101.4
126.7
161.9
198.6
219.8
71.3
81.1
89.0
99.9
108.7
7.8
9.7
6.9
6.5
6.7
37.0
42.9
50.8
58.6
64.3
26.5
28.5
31.4
34.8
37.6
13.6
18.1
10.4
6.1
7.8
11.2
13.8
8.5
6.9
8.7
7.7
9.7
6.3
5.4
7.4
2.6
3.3
2.2
1.8
2.4
5.2
6.4
4.1
3.7
5.0
3.5
4.1
2.2
1.4
1.4
2.4
4.3
1.9
-0.7
-0.9
1.5
1.0
-0.3
-2.2
-2.0
4.9
5.5
4.4
4.0
4.9
3.4
4.4
4.6
6.3
6.9
15.0
26.5
62.7
94.8
105.3
6.5
18.0
54.1
86.5
97.0
8.6
8.6
8.6
8.4
8.4
99.0
122.4
160.0
199.4
220.7
101.7
127.2
162.3
198.9
220.1
10.0
25.0
27.7
22.7
10.7
7.7
23.6
30.7
24.6
10.7
1945...............
1946...............
1947...............
1948...............
1949...............
223.1
222.3
244.2
269.2
267.3
120.0
144.3
162.0
175.0
178.5
71.9
82.7
90.9
96.6
94.9
40.1
45.8
50.7
55.6
58.6
10.8
31.1
35.0
48.1
36.9
12.3
25.1
35.5
42.4
39.6
10.6
17.3
23.5
26.8
24.9
3.3
7.4
8.1
9.5
9.2
7.3
9.9
15.3
17.3
15.7
1.7
7.8
12.1
15.6
14.6
-1.5
6.0
-0.6
5.7
-2.7
-0.8
7.2
10.8
5.5
5.2
6.8
14.2
18.7
15.5
14.5
7.5
7.0
7.9
10.1
9.2
93.0
39.6
36.4
40.6
46.7
84.1
28.9
22.7
24.2
27.7
9.0
10.8
13.7
16.3
19.0
224.6
216.3
244.7
263.5
270.0
223.4
222.9
245.3
270.6
268.6
1.5
-0.4
9.8
10.2
-0.7
1.8
-3.7
13.1
7.7
2.5
1950...............
1951...............
1952...............
1953...............
1954...............
293.8
339.3
358.3
379.4
380.4
192.2
208.5
219.5
233.1
240.0
8.0
15.8
20.4
22.9
25.1
30.7
29.9
29.3
32.7
31.9
98.2
109.2
114.7
117.8
119.7
63.3
69.5
75.4
82.5
88.4
54.1
60.2
54.0
56.4
53.8
48.3
50.3
50.5
54.5
55.8
27.8
31.8
31.9
35.1
34.7
10.0
12.0
12.2
13.6
13.9
17.8
19.9
19.7
21.5
20.8
20.5
18.4
18.6
19.4
21.1
5.8
9.9
3.5
1.9
-1.9
0.7
2.5
1.2
-0.7
0.4
12.4
17.1
16.5
15.3
15.8
11.6
14.6
15.3
16.0
15.4
46.8
68.1
83.6
90.6
86.2
26.0
45.1
59.2
64.4
57.3
20.7
23.0
24.4
26.1
28.9
288.0
329.4
354.8
377.4
382.3
295.2
341.2
360.3
381.3
382.5
9.9
15.5
5.6
5.9
0.3
6.7
14.4
7.7
6.4
1.3
1955...............
1956...............
1957...............
1958...............
1959...............
414.8
437.5
461.1
467.2
506.6
258.8
271.7
286.9
296.2
317.6
38.8
38.1
40.0
37.4
42.7
124.7
130.8
137.1
141.7
148.5
95.2
102.8
109.8
117.0
126.5
69.0
72.0
70.5
64.5
78.5
64.0
68.1
69.7
64.9
74.6
39.0
44.5
47.5
42.5
46.5
15.2
18.2
19.0
17.6
18.1
23.9
26.3
28.6
24.9
28.4
25.0
23.6
22.2
22.3
28.1
5.0
4.0
0.8
-0.4
3.9
0.5
2.4
4.1
0.5
0.4
17.7
21.3
24.0
20.6
22.7
17.2
18.9
19.9
20.0
22.3
86.5
91.4
99.7
106.0
110.0
54.9
56.7
61.3
63.8
65.4
31.6
34.7
38.3
42.2
44.7
409.8
433.5
460.3
467.6
502.7
417.2
440.3
464.1
469.8
509.3
9.0
5.5
5.4
1.3
8.4
7.2
5.8
6.2
1.6
7.5
1960...............
1961...............
1962...............
1963...............
1964...............
526.4
544.7
585.6
617.7
663.6
331.7
342.1
363.3
382.7
411.4
43.3
41.8
46.9
51.6
56.7
152.8
156.6
162.8
168.2
178.6
135.6
143.8
153.6
162.9
176.1
78.9
78.2
88.1
93.8
102.1
75.7
75.2
82.0
88.1
97.2
49.4
48.8
53.1
56.0
63.0
19.6
19.7
20.8
21.2
23.7
29.8
29.1
32.3
34.8
39.2
26.3
26.4
29.0
32.1
34.3
3.2
3.0
6.1
5.6
4.8
4.2
4.9
4.1
4.9
6.9
27.0
27.6
29.1
31.1
35.0
22.8
22.7
25.0
26.1
28.1
111.6
119.5
130.1
136.4
143.2
64.1
67.9
75.3
76.9
78.5
47.5
51.6
54.9
59.5
64.8
523.2
541.7
579.5
612.1
658.8
529.5
548.2
589.7
622.2
668.5
3.9
3.5
7.5
5.5
7.4
4.1
3.6
7.0
5.6
7.6
1965...............
1966...............
1967...............
1968...............
1969...............
719.1
787.8
832.6
910.0
984.6
443.8
480.9
507.8
558.0
605.2
63.3
68.3
70.4
80.8
85.9
191.5
208.7
217.1
235.7
253.1
189.0
203.8
220.3
241.6
266.1
118.2
131.3
128.6
141.2
156.4
109.0
117.7
118.7
132.1
147.3
74.8
85.4
86.4
93.4
104.7
28.3
31.3
31.5
33.6
37.7
46.5
54.0
54.9
59.9
67.0
34.2
32.3
32.4
38.7
42.6
9.2
13.6
9.9
9.1
9.2
5.6
3.9
3.6
1.4
1.4
37.1
40.9
43.5
47.9
51.9
31.5
37.1
39.9
46.6
50.5
151.5
171.8
192.7
209.4
221.5
80.4
92.5
104.8
111.4
113.4
71.0
79.2
87.9
98.0
108.2
709.9
774.2
822.7
900.9
975.4
724.4
792.9
838.0
916.1
990.7
8.4
9.5
5.7
9.3
8.2
7.8
9.1
6.3
9.5
8.3
1970...............
1971...............
1972...............
1973...............
1974...............
1,038.5
1,127.1
1,238.3
1,382.7
1,500.0
648.5
701.9
770.6
852.4
933.4
85.0
96.9
110.4
123.5
122.3
272.0
285.5
308.0
343.1
384.5
291.5
319.5
352.2
385.8
426.6
152.4
178.2
207.6
244.5
249.4
150.4
169.9
198.5
228.6
235.4
109.0
114.1
128.8
153.3
169.5
40.3
42.7
47.2
55.0
61.2
68.7
71.5
81.7
98.3
108.2
41.4
55.8
69.7
75.3
66.0
2.0
8.3
9.1
15.9
14.0
4.0
0.6
-3.4
4.1
-0.8
59.7
63.0
70.8
95.3
126.7
55.8
62.3
74.2
91.2
127.5
233.8
246.5
263.5
281.7
317.9
113.5
113.7
119.7
122.5
134.6
120.3
132.8
143.8
159.2
183.4
1,036.5
1,118.9
1,229.2
1,366.8
1,486.0
1,044.9
1,134.7
1,246.8
1,395.3
1,515.5
5.5
8.5
9.9
11.7
8.5
6.3
7.9
9.9
11.2
8.7
1975...............
1976...............
1977...............
1978...............
1979...............
1,638.3
1,825.3
2,030.9
2,294.7
2,563.3
1,034.4
1,151.9
1,278.6
1,428.5
1,592.2
133.5
158.9
181.2
201.7
214.4
420.7
458.3
497.1
550.2
624.5
480.2
534.7
600.2
676.6
753.3
230.2
292.0
361.3
438.0
492.9
236.5
274.8
339.0
412.2
474.9
173.7
192.4
228.7
280.6
333.9
61.4
65.9
74.6
93.6
117.7
112.4 62.7
126.4 82.5
154.1 110.3
187.0 131.6
216.2 141.0
-6.3
17.1
22.3
25.8
18.0
16.0
-1.6
-23.1
-25.4
-22.5
138.7
149.5
159.4
186.9
230.1
122.7
151.1
182.4
212.3
252.7
357.7
383.0
414.1
453.6
500.8
149.1
159.7
175.4
190.9
210.6
208.7
223.3
238.7
262.6
290.2
1,644.6
1,808.2
2,008.6
2,268.9
2,545.3
1,651.3
1,842.1
2,051.2
2,316.3
2,595.3
9.2
11.4
11.3
13.0
11.7
10.7
9.9
11.1
13.0
12.2
-4 .0
162
GDP and Other Major NIPA Series
August 2008
Table 1. Gross Domestic Product—Continues
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Year and
quarter
Net exports of goods
and services
Gross private domestic investment
Personal consumption expenditures
Government consumption
expenditures and gross
investment
Fixed investment
Gross
domestic
product
Total
Non
Durable durable
goods goods Services
Nonresidential
Total
Total
Total
Equip
Struc ment
tures
and
software
Change
in
private
Resi inven
dential tories
1980...............
1981...............
1982...............
1983...............
1984...............
2,789.5
3,128.4
3,255.0
3,536.7
3,933.2
1,757.1
1,941.1
2,077.3
2,290.6
2,503.3
214.2
231.3
240.2
280.8
326.5
846.9
950.8
1,049.4
1,178.6
1,292.2
479.3
572.4
517.2
564.3
735.6
485.6
542.6
532.1
570.1
670.2
362.4
420.0
426.5
417.2
489.6
136.2
167.3
177.6
154.3
177.4
226.2
252.7
248.9
262.9
312.2
123.2
122.6
105.7
152.9
180.6
1985...............
1986...............
1987...............
1988...............
1989...............
4,220.3
4,462.8
4,739.5
5,103.8
5,484.4
2,720.3
2,899.7
3,100.2
3,353.6
3,598.5
363.5 928.7 1,428.1
403.0 958.4 1,538.3
421.7 1,015.3 1,663.3
453.6 1,083.5 1,816.5
471.8 1,166.7 1,960.0
736.2
746.5
785.0
821.6
874.9
714.4
739.9
757.8
803.1
847.3
526.2
519.8
524.1
563.8
607.7
194.5
176.5
174.2
182.8
193.7
331.7
343.3
349.9
381.0
414.0
188.2
220.1
233.7
239.3
239.5
1990...............
1991...............
1992...............
1993...............
1994...............
5,803.1
5,995.9
6,337.7
6,657.4
7,072.2
3,839.9
3,986.1
4,235.3
4,477.9
4,743.3
474.2
453.9
483.6
526.7
582.2
1,249.9
1,284.8
1,330.5
1,379.4
1,437.2
2,115.9 861.0 846.4
2,247.4 802.9 803.3
2,421.2 864.8 848.5
2,571.8 953.4 932.5
2,723.9 1,097.1 1,033.3
622.4
598.2
612.1
666.6
731.4
202.9
183.6
172.6
177.2
186.8
419.5
414.6
439.6
489.4
544.6
1995...............
1996...............
1997...............
1998...............
1999...............
7,397.7
7,816.9
8,304.3
8,747.0
9,268.4
4,975.8
5,256.8
5,547.4
5,879.5
6,282.5
611.6
652.6
692.7
750.2
817.6
1,485.1
1,555.5
1,619.0
1,683.6
1,804.8
2,879.1
3,048.7
3,235.8
3,445.7
3,660.0
1,144.0
1,240.3
1,389.8
1,509.1
1,625.7
1,112.9 810.0
1,209.5 875.4
1,317.8 968.7
1,438.4 1,052.6
1,558.8 1,133.9
207.3
224.6
250.3
275.2
282.2
602.8
650.8
718.3
777.3
851.7
2000...............
2001...............
2002...............
2003...............
2004...............
9,817.0
10,128.0
10,469.6
10,960.8
11,685.9
6,739.4
7,055.0
7,350.7
7,703.6
8,195.9
863.3
883.7
923.9
942.7
983.9
1,947.2
2,017.1
2,079.6
2,190.2
2,343.7
3,928.8
4,154.3
4,347.2
4,570.8
4,868.3
1,735.5
1,614.3
1,582.1
1,664.1
1,888.6
1,679.0
1,646.1
1,570.2
1,649.8
1,830.0
1,232.1
1,176.8
1,066.3
1,077.4
1,154.5
313.2
322.6
279.2
277.2
298.2
918.9 446.9
854.2 469.3
787.1 503.9
800.2 572.4
856.3 675.5
2005............... 12,421.9 8,694.1 1,020.8 2,514.1 5,159.2 2,086.1 2,042.8 1,273.1
2006............... 13,178.4 9,207.2 1,052.1 2,685.2 5,469.9 2,220.4 2,171.1 1,414.1
2007............... 13,807.5 9,710.2 1,082.8 2,833.0 5,794.4 2,130.4 2,134.0 1,503.8
337.6
410.4
480.3
935.5
1,003.7
1,023.5
769.6
757.0
630.2
696.1
758.9
787.6
831.2
884.6
Net
Exports Imports
Total
Federal
State
and
local
Percent change
from preceding
period
Final
sales of Gross
domestic national
product product
Final
Gross
sales of
domestic domestic
product product
-6.3 -13.1
29.8 -12.5
-14.9 -20.0
-5.8 -51.7
65.4 -102.7
280.8
305.2
283.2
277.0
302.4
293.8
317.8
303.2
328.6
405.1
566.2
627.5
680.5
733.5
797.0
243.8
280.2
310.8
342.9
374.4
322.4
347.3
369.7
390.5
422.6
2,795.8
3,098.6
3,269.9
3,542.4
3,867.8
2,823.7
3,161.4
3,291.5
3,573.8
3,969.5
8.8
12.2
4.0
8.7
11.2
9.8
10.8
5.5
8.3
9.2
21.8
6.6
27.1
18.5
27.7
-115.2
-132.7
-145.2
-110.4
-88.2
302.0
320.5
363.9
444.1
503.3
417.2 879.0
453.3 949.3
509.1
999.5
554.5 1,039.0
591.5 1,099.1
412.8
438.6
460.1
462.3
482.2
466.2
510.7
539.4
576.7
616.9
4,198.4
4,456.3
4,712.3
5,085.3
5,456.7
4,246.8
4,480.6
4,757.4
5,127.4
5,510.6
7.3
5.7
6.2
7.7
7.5
8.5
6.1
5.7
7.9
7.3
224.0
205.1
236.3
266.0
301.9
14.5
-0.4
16.3
20.8
63.8
-78.0
-27.5
-33.2
-65.0
-93.6
552.4
596.8
635.3
655.8
720.9
630.3
624.3
668.6
720.9
814.5
1,180.2
1,234.4
1,271.0
1,291.2
1,325.5
508.3
527.7
533.9
525.2
519.1
671.9
706.7
737.0
766.0
806.3
5,788.5
5,996.3
6,321.4
6,636.6
7,008.4
5,837.9
6,026.3
6,367.4
6,689.3
7,098.4
5.8
3.3
5.7
5.0
6.2
6.1
3.6
5.4
5.0
5.6
302.8
334.1
349.1
385.8
424.9
31.1 -91.4
30.8 -96.2
72.0 -101.6
70.8 -159.9
66.9 -260.5
519.2 850.0
527.4 888.6
530.9 937.8
530.4 987.9
555.8 1,065.0
7,366.5
7,786.1
8,232.3
8,676.2
9,201.5
7,433.4
7,851.9
8,337.3
8,768.3
9,302.2
4.6
5.7
6.2
5.3
6.0
5.1
5.7
5.7
5.4
6.1
1,142.8
1,212.8
1,281.5
1,336.0
1,391.2
9,760.5
10,159.7
10,457.7
10,946.5
11,627.3
9,855.9
10,171.6
10,500.2
11,017.6
11,762.1
5.9
3.2
3.4
4.7
6.6
6.1
4.1
2.9
4.7
6.2
875.5 1,479.8 12,378.6 12,514.9
932.2 1,575.9 13,129.0 13,256.6
979.3 1,695.5 13,811.2 13,910.0
6.3
6.1
4.8
6.5
6.1
5.2
56.5
-31.7
11.9
14.3
58.6
-379.5
-367.0
-424.4
-499.4
-615.4
812.2 903.6 1,369.2
868.6 964.8 1,416.0
955.3 1,056.9 1,468.7
955.9 1,115.9 1,518.3
991.2 1,251.7 1,620.8
1,096.3
1,032.8
1,005.9
1,040.8
1,182.4
1,475.8
1,399.8
1,430.3
1,540.2
1,797.8
1,721.6
1,825.6
1,961.1
2,092.5
2,216.8
43.3 -713.6 1,311.5 2,025.1 2,355.3
49.3 -757.3 1,480.8 2,238.1 2,508.1
-3.6 -707.8 1,662.4 2,370.2 2,674.8
578.8
612.9
679.7
756.4
825.6
1947:1
............
II ..........
Ill.........
IV.........
237.2
240.5
244.6
254.4
156.3
160.2
163.7
167.8
19.4
20.0
20.3
22.0
87.7
90.1
92.1
93.6
49.2
50.1
51.3
52.1
33.7
32.4
32.7
41.0
33.2
33.6
35.6
39.6
22.8
23.2
23.3
24.5
7.9
7.9
8.3
8.4
14.9
15.2
15.0
16.1
10.4
10.4
12.3
15.1
0.5
-1.2
-2.9
1.5
10.9
11.3
11.8
9.3
18.4
19.5
19.4
17.6
7.5
8.2
7.7
8.3
36.3
36.6
36.4
36.3
23.4
23.3
22.4
21.6
13.0
13.4
14.0
14.7
236.7
241.7
247.5
252.9
238.2
241.6
245.7
255.6
5.6
7.0
17.1
8.7
9.9
9.1
1948:1............
II..........
Ill.........
IV.........
260.4
267.3
273.9
275.2
170.5
174.3
177.2
178.1
22.0
22.5
23.7
23.4
95.1
97.0
97.0
97.3
53.4
54.8
56.5
57.5
45.0
48.1
50.2
49.1
41.3
42.2
43.1
43.1
26.2
26.0
27.0
28.1
8.8
9.3
9.9
10.1
17.3
16.7
17.1
18.0
15.2
16.3
16.1
15.0
3.6
5.9
7.2
6.0
7.3
5.2
4.9
4.5
16.9
15.2
15.4
14.6
9.6
10.0
10.5
10.1
37.6
39.7
41.4
43.5
22.4
23.8
24.6
26.0
15.2
15.9
16.8
17.5
256.7
261.5
266.7
269.2
261.8
268.8
275.3
276.6
9.7
11.1
10.1
1.9
6.2
7.6
8.3
3.8
1949:1
............
II..........
Ill.........
IV.........
270.0
266.2
267.7
265.2
177.0
178.6
178.0
180.4
22.8
24.8
25.8
26.8
96.3
95.3
93.5
94.3
57.9
58.5
58.6
59.4
40.9
34.0
37.3
35.2
40.5
39.2
38.6
39.9
26.6
25.5
24.1
23.5
9.7
9.4
8.9
8.7
16.8
16.1
15.2
14.8
14.0
13.7
14.5
16.3
0.4
-5.1
-1.3
-4.7
6.5
6.3
5.2
3.0
16.1
15.6
14.1
12.1
9.6
9.4
8.9
9.1
45.6
47.3
47.2
46.6
27.6
28.6
27.7
26.9
18.0
18.7
19.5
19.7
269.6
271.4
269.0
269.9
271.4
267.6
269.0
266.4
-7.3
-5.4
2.2
-3.6
0.6
2.7
-3.5
1.4
1950:1
............
I I ..........
Ill.........
IV.........
275.2
284.6
302.0
313.4
183.1
187.0
200.7
198.1
27.7
28.1
35.6
31.5
94.8
96.3
100.9
100.9
60.6
62.5
64.2
65.7
44.4
49.9
56.1
65.9
42.3
47.0
52.0
51.9
24.2
26.6
29.6
30.6
9.1
9.5
10.3
11.0
15.1
17.1
19.3
19.6
18.1
20.4
22.3
21.3
2.0
2.8
4.2
14.0
2.2
1.6
-0.7
-0.2
11.7
11.9
12.3
13.5
9.5
10.2
13.0
13.7
45.6
46.1
45.9
49.5
25.5
25.7
24.9
27.9
20.0
20.4
21.0
21.6
273.2
281.7
297.8
299.3
276.5
285.9
303.6
315.0
16.0
14.2
26.8
16.0
5.0
13.1
24.8
2.1
1951:1............
I I ..........
Ill.........
IV.........
329.0
336.7
343.6
348.0
209.4
205.1
207.8
211.8
33.8
28.9
28.3
28.4
107.8
107.4
109.4
112.0
67.8
68.8
70.0
71.3
62.1
64.8
59.4
54.4
51.7
50.1
49.6
49.6
30.9
31.8
32.5
32.2
11.5
12.2
12.3
11.9
19.4
19.7
20.2
20.2
20.8
18.2
17.2
17.5
10.4
14.8
9.7
4.7
0.2
1.9
3.7
4.2
15.0
17.1
18.1
18.2
14.9
15.2
14.3
14.0
57.4
64.7
72.6
77.6
35.2
41.8
49.2
53.9
22.1
22.9
23.4
23.7
318.6
321.9
333.8
343.3
330.5
338.5
345.6
350.1
21.5
9.6
8.5
5.2
28.4
4.1
15.7
11.8
1952:1
............
I I ..........
Ill.........
IV.........
351.3
352.2
358.5
371.4
213.1
217.3
219.8
227.9
28.9
29.1
27.6
31.7
111.4
113.7
115.9
117.9
72.8
74.4
76.3
78.3
55.2
49.9
53.9
57.1
50.5
51.4
48.3
51.9
32.4
32.9
29.8
32.5
12.0
12.1
12.2
12.6
20.4
20.8
17.7
19.9
18.0
18.5
18.5
19.4
4.7
-1.5
5.6
5.3
3.7
2.0
0.0
-1.0
18.7
16.6
15.2
15.3
15.0
14.6
15.3
16.3
79.2
83.1
84.9
87.4
55.4
58.5
60.5
62.4
23.8
24.6
24.4
25.0
346.5
353.7
353.0
366.1
353.3
354.2
360.5
373.3
3.8
1.0
7.4
15.1
3.9
8.5
-0.8
15.8
1953:1
............
II ..........
Ill.........
IV.........
378.4
382.0
381.1
375.9
231.5
233.3
234.0
233.5
33.3
33.1
32.7
31.8
118.1
118.1
117.6
117.5
80.1
82.1
83.8
84.2
57.9
58.1
57.4
52.3
54.0
54.6
55.1
54.4
34.3
34.8
35.9
35.4
13.1
13.5
13.7
14.0
21.2
21.3
22.1
21.4
19.7
19.8
19.2
18.9
3.9
3.6
2.3
-2.0
-0.7
-1.3
-0.6
-0.3
15.1
15.2
15.8
15.2
15.8
16.4
16.3
15.5
89.7
91.8
90.3
90.5
63.9
66.2
64.0
63.6
25.8
25.6
26.3
26.9
374.5
378.4
378.8
377.9
380.3
384.0
382.9
377.8
7.8
3.9
-0.9
-5.3
9.5
4.2
0.4
-0.9
1954:1
............
I I..........
Ill.........
IV.........
375.3
376.0
380.8
389.5
235.5
238.3
240.7
245.5
31.1
31.8
31.4
33.2
118.7
118.8
119.9
121.3
85.7
87.6
89.4
91.0
51.5
51.2
54.7
57.8
53.5
54.6
56.8
58.1
34.5
34.3
35.0
34.9
13.9
13.9
13.9
13.8
20.6
20.4
21.1
21.1
19.0
20.3
21.8
23.2
-2.0
-3.4
-2.1
-0.3
-0.4
0.3
0.6
1.1
14.4
16.4
15.9
16.6
14.8
16.2
15.3
15.5
88.6
86.2
84.8
85.0
60.8
57.7
55.4
55.2
27.8
28.5
29.5
29.8
377.3
379.4
382.9
389.8
377.3
378.0
382.9
391.8
-0.7
0.7
5.2
9.4
-0.7
2.3
3.8
7.4
1955:1
............
II..........
Ill.........
IV.........
402.6
410.9
419.5
426.0
251.8
256.9
261.1
265.1
36.5
38.8
40.5
39.4
122.3
124.0
125.0
127.5
93.0
94.1
95.6
98.2
64.2
68.1
70.0
73.9
60.4
63.5
65.7
66.6
35.4
37.9
40.4
42.5
14.3
14.7
15.4
16.2
21.1
23.1
25.0
26.3
25.0
25.6
25.2
24.2
3.8
4.6
4.3
7.2
1.1
-0.2
0.7
0.2
17.3
16.9
18.1
18.3
16.2
17.1
17.4
18.1
85.4
86.0
87.7
86.8
54.6
54.7
55.8
54.4
30.8
31.3
31.8
32.4
398.8
406.3
415.2
418.8
405.0
413.3
421.9
428.5
14.2
8.5
8.6
6.4
9.6
7.7
9.1
3.5
1956:1............
I I..........
Ill.........
IV.........
428.3
434.2
439.3
448.1
266.7
269.4
272.6
278.0
37.7
37.8
37.6
39.4
129.1
130.0
131.3
132.7
99.9
101.6
103.7
105.8
73.0
71.4
72.5
71.2
66.6
67.8
68.9
69.0
42.9
43.9
45.4
45.9
17.4
18.0
18.6
18.7
25.4
25.9
26.8
27.2
23.7
23.9
23.5
23.0
6.4
3.6
3.6
2.2
0.4
1.9
2.6
4.5
19.4
20.9
21.8
23.1
18.9
19.0
19.3
18.5
88.2
91.5
91.6
94.4
54.7
57.1
56.4
58.5
33.5
34.4
35.1
35.8
421.9
430.6
435.7
445.9
431.2
437.0
442.2
450.7
2.2
5.6
4.7
8.3
3.0
8.5
4.8
9.7
1957:1............
I I..........
Ill.........
IV.........
457.2
459.2
466.4
461.5
282.4
284.7
289.3
291.0
40.6
40.1
39.8
39.4
134.5
135.8
139.2
138.9
107.4
108.8
110.4
112.7
71.8
71.9
73.2
64.9
69.6
69.3
70.4
69.4
47.0
47.1
48.4
47.5
18.8
19.0
19.1
18.9
28.2
28.1
29.3
28.6
22.6
22.2
22.0
21.9
2.2
2.7
2.8
-4.5
4.8
4.1
4.0
3.4
24.9
24.4
23.8
23.0
20.1
20.3
19.8
19.6
98.2
98.4
99.9
102.3
61.1
60.5
61.2
62.7
37.1
38.0
38.7
39.6
455.1
456.5
463.6
466.1
460.3
462.6
469.7
464.1
8.4
1.7
6.5
-4.1
8.5
1.3
6.4
2.1
August 2008
163
S u r v e y o f C u r r e n t B u s in e s s
Table 1. Gross Domestic Product—Continues
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Year and
quarter
Net exports of goods
and services
Gross private domestic investment
Personal consumption expenditures
Fixed investment
Gross
domestic
product
Total
Non
Durable durable Services
goods goods
Total
Total
Change
Nonresidential
in
private
Equip Resi inven
Struc ment dential tories
Total
tures
and
software
Net
Exports Imports
Percent change
from preceding
period
Government consumption
expenditures and gross
investment
Total
Federal
Final
Gross
sales of national
domestic product
Final
Gross
State product
sales of
and
domestic domestic
product
local
product
1958:1...........
II..........
Ill.........
IV ........
454.0
458.1
471.7
485.0
290.5
293.4
298.5
302.3
37.4
36.6
37.3
38.5
139.5
140.8
142.8
143.9
113.6
116.0
118.4
119.9
60.5
58.7
65.5
73.2
64.5
63.0
63.9
68.0
43.6
42.0
41.4
43.1
18.1
17.6
17.3
17.6
25.5
24.4
24.1
25.5
20.9
21.0
22.5
24.9
-4.0
-4.2
1.5
5.2
1.1
0.5
0.9
-0.3
20.5
20.5
20.6
20.6
19.5
20.1
19.7
20.8
101.8
105.4
106.9
109.7
61.2
63.9
64.2
66.0
40.6
41.6
42.7
43.7
458.0
462.3
470.2
479.8
456.6
460.8
474.3
487.6
-6.4
3.7
12.5
11.7
-6.8
3.8
7.0
8.4
1959:1...........
II..........
Ill.........
IV ........
495.4
508.4
509.3
513.2
310.0
316.0
321.2
323.3
41.5
43.2
44.1
41.8
146.1
147.6
149.3
150.9
122.4
125.1
127.8
130.6
76.2
82.2
76.4
79.3
72.3
74.9
76.1
75.2
44.5
46.1
47.8
47.7
17.4
18.0
18.6
18.5
27.1
28.1
29.1
29.2
27.8
28.8
28.3
27.5
3.9
7.3
0.4
4.1
0.4
0.0
0.6
0.6
21.8
22.6
23.5
23.1
21.4
22.5
22.9
22.5
108.9
110.2
111.0
110.0
64.3
65.5
66.2
65.4
44.5
44.7
44.8
44.6
491.5
501.2
508.9
509.1
498.0
511.0
512.1
516.2
8.9
10.9
0.7
3.1
10.2
8.1
6.3
0.2
1960:1...........
II..........
Ill.........
IV ........
526.9
526.1
528.9
523.6
326.9
332.7
332.7
334.6
43.2
44.1
43.6
42.4
150.8
153.6
153.0
153.9
132.8
135.0
136.1
138.3
89.1
79.7
78.7
68.1
77.9
76.5
74.4
73.9
49.5
50.3
49.0
48.6
19.4
19.5
19.4
20.0
30.2
30.9
29.6
28.6
28.4
26.1
25.3
25.3
11.2
3.2
4.3
-5.8
2.7
4.2
4.2
5.8
26.0
27.6
27.0
27.5
23.3
23.5
22.9
21.7
108.3
109.5
113.4
115.1
62.4
62.4
65.3
66.3
45.8
47.2
48.1
48.8
515.7
522.9
524.6
529.4
529.8
529.1
532.1
527.0
11.1
-0.6
2.2
-4.0
5.3
5.7
1.3
3.7
1961:1...........
II..........
Ill.........
IV ........
527.9
539.0
549.4
562.5
335.1
340.1
343.0
350.3
39.9
40.9
42.1
44.2
155.2
156.0
156.5
158.6
140.1
143.2
144.4
147.5
70.3
75.8
82.4
84.2
72.8
74.0
75.7
78.2
47.5
48.4
48.8
50.4
19.9
19.6
19.7
19.6
27.6
28.8
29.1
30.8
25.3
25.5
26.9
27.8
-2.5
1.8
6.7
6.0
5.8
5.5
3.9
4.4
27.5
27.4
27.2
28.3
21.7
21.9
23.3
23.9
116.7
117.6
120.2
123.6
66.0
66.8
68.6
70.2
50.7
50.8
51.6
53.4
530.5
537.2
542.8
556.6
531.5
542.4
552.9
566.1
3.3
8.7
8.0
9.9
0.8
5.2
4.2
10.6
1962:1...........
II..........
Ill.........
IV ........
576.0
583.2
590.0
593.3
355.6
361.2
365.1
371.3
45.2
46.4
46.9
48.9
160.6
161.9
163.4
165.2
149.8
152.8
154.7
157.2
89.4
87.9
89.3
86.0
80.0
82.5
83.1
82.6
51.6
53.2
53.9
53.5
20.0
20.8
21.4
20.9
31.6
32.4
32.5
32.6
28.4
29.2
29.2
29.1
9.4
5.4
6.2
3.4
4.0
5.8
3.8
2.8
28.3
30.7
29.0
28.4
24.3
24.9
25.1
25.6
127.2
128.3
131.8
133.2
73.4
73.9
76.6
77.1
53.8
54.4
55.2
56.1
566.6
577.8
583.8
589.9
579.6
587.2
594.0
598.0
9.9
5.1
4.7
2.3
7.4
8.1
4.2
4.3
1963:1...........
II..........
Ill.........
IV ........
602.4
611.2
623.9
633.5
374.9
379.0
386.0
390.7
50.0
51.3
52.0
53.1
166.3
167.0
169.4
169.9
158.6
160.8
164.6
167.7
90.5
92.2
95.0
97.4
83.6
87.3
89.3
92.3
53.4
55.1
56.8
58.7
20.2
21.2
21.4
21.9
33.2
33.9
35.4
36.8
30.2
32.2
32.5
33.7
6.9
4.8
5.7
5.1
3.9
6.5
3.9
5.4
29.1
32.4
30.6
32.2
25.2
25.9
26.7
26.8
133.2
133.4
139.0
139.9
75.5
74.9
78.8
78.4
57.6
58.5
60.2
61.5
595.6
606.3
618.2
628.4
606.9
615.5
628.4
638.1
6.3
5.9
8.6
6.3
3.9
7.4
8.1
6.8
1964:1...........
II..........
Ill.........
IV ........
649.6
658.8
670.5
675.6
400.3
408.3
417.2
419.8
55.2
56.6
58.4
56.4
174.0
177.3
181.0
182.2
171.1
174.4
177.8
181.2
100.7
100.6
102.5
104.6
95.5
96.1
97.8
99.6
60.1
61.9
64.1
65.7
22.4
23.4
24.3
24.8
37.7
38.5
39.8
40.9
35.4
34.2
33.7
33.8
5.1
4.5
4.7
5.0
7.3
7.1
6.4
6.9
34.2
34.8
34.8
36.2
27.0
27.7
28.4
29.3
141.3
142.9
144.4
144.3
78.6
78.4
78.9
77.8
62.7
64.5
65.5
66.5
644.5
654.4
665.8
670.6
654.6
663.7
675.5
680.3
10.6
5.8
7.2
3.1
10.6
6.3
7.1
2.9
1965:1...........
II..........
Ill.........
IV ........
695.7
708.1
725.2
747.5
430.5
437.4
446.6
460.6
61.9
61.7
63.6
65.9
185.0
188.7
192.6
199.9
183.6
187.0
190.5
194.8
115.7
115.8
119.7
121.8
104.1
107.3
110.4
114.2
70.3
73.1
76.1
79.7
26.1
28.2
28.5
30.4
44.1
44.9
47.5
49.3
33.9
34.2
34.3
34.5
11.5
8.6
9.3
7.6
4.6
7.5
4.9
5.5
33.1
39.1
36.9
39.5
28.5
31.7
32.0
33.9
144.9
147.4
154.0
159.6
77.1
77.5
81.6
85.5
67.8
69.9
72.5
74.1
684.1
699.6
715.9
739.9
701.1
713.8
730.4
752.3
12.4
7.4
10.0
12.9
8.3
9.3
9.7
14.1
1966:1...........
II..........
Ill.........
IV ........
770.8
779.9
793.4
807.1
471.0
476.1
485.3
491.1
68.9
66.3
68.8
69.1
204.3
207.9
211.0
211.7
197.8
201.9
205.4
210.2
131.7
130.7
130.2
132.7
117.9
118.4
118.3
116.1
83.0
85.2
86.4
87.0
31.1
31.2
31.9
31.2
51.9
54.0
54.5
55.7
34.8
33.2
31.9
29.2
13.9
12.3
11.9
16.5
4.4
5.2
2.2
3.6
39.4
41.5
40.4
42.4
35.0
36.2
38.2
38.8
163.6
167.9
175.7
179.8
87.6
90.0
95.8
96.8
76.0
77.9
79.9
83.0
756.9
767.6
781.5
790.6
775.8
785.0
798.3
812.4
13.1
4.8
7.1
7.1
9.5
5.8
7.4
4.7
1967:1...........
II..........
Ill.........
IV ........
817.9
822.5
837.1
852.8
495.4
504.5
511.8
519.3
67.6
71.0
71.1
72.0
213.8
215.6
218.0
220.8
213.9
217.9
222.7
226.5
129.3
123.7
128.5
132.9
113.9
117.3
119.2
124.5
85.6
85.7
85.8
88.4
31.7
30.9
31.5
32.0
53.9
54.8
54.3
56.5
28.3
31.6
33.4
36.0
15.4
6.3
9.3
8.4
4.6
4.5
2.9
2.2
44.0
43.5
42.4
43.9
39.4
39.0
39.5
41.7
188.7
189.7
194.0
198.4
103.2
102.9
105.6
107.4
85.4
86.8
88.3
90.9
802.5
816.1
827.9
844.4
823.2
827.6
842.8
858.4
5.5
2.2
7.3
7.7
6.2
7.0
5.9
8.2
1968:1...........
II..........
Ill.........
IV ........
879.9
904.2
919.4
936.3
537.3
551.2
567.4
576.3
77.1
79.1
83.3
83.6
228.1
233.3
239.4
242.0
232.1
238.8
244.6
250.7
137.2
143.4
139.7
144.4
128.8
129.3
132.0
138.3
91.9
91.2
93.2
97.4
33.1
33.2
33.2
34.8
58.8
58.0
59.9
62.6
36.9
38.2
38.9
40.9
8.4
14.1
7.7
6.0
1.1
1.9
1.3
1.1
45.5
47.4
49.5
49.2
44.4
45.4
48.2
48.2
204.3
207.7
211.1
214.6
110.3
110.7
111.8
112.7
94.0
97.0
99.2
102.0
871.5
890.2
911.7
930.3
885.7
910.2
925.7
942.6
13.3
11.5
6.9
7.6
13.5
8.8
10.1
8.4
1969:1...........
II..........
Ill.........
IV ........
961.0
976.3
996.5
1,004.6
588.5
599.9
610.2
622.2
85.5
85.9
86.1
86.2
246.4
251.1
255.2
259.9
256.6
262.9
268.9
276.1
155.7
155.7
160.3
154.1
144.2
146.4
150.1
148.3
101.0
103.0
106.9
107.6
35.8
36.7
38.9
39.4
65.2
66.4
68.0
68.2
43.2
43.4
43.2
40.7
11.5
9.2
10.2
5.8
0.2
1.2
1.0
3.3
44.0
53.9
53.3
56.5
43.8
52.7
52.4
53.1
216.6
219.5
224.9
225.0
112.2
112.1
115.4
113.7
104.4
107.4
109.5
111.3
949.5
967.0
986.3
998.9
967.3
982.4
1,002.4
1,010.7
11.0
6.5
8.5
3.3
8.5
7.6
8.2
5.2
1970:1...........
II..........
Ill.........
IV ........
1,017.3
1,033.2
1,050.7
1,052.9
633.3
643.3
655.3
662.0
84.9
86.0
86.9
82.1
266.1
269.8
273.6
278.4
282.3
287.5
294.7
301.5
150.7
153.9
156.1
148.9
148.8
148.8
151.0
152.9
108.1
109.4
110.6
107.9
39.5
40.3
40.6
40.8
68.7
69.1
70.0
67.1
40.7
39.4
40.4
45.0
1.8
5.1
5.1
-4.0
3.4
5.4
3.8
3.2
56.9
60.6
60.3
61.1
53.5
55.2
56.4
57.9
229.9
230.7
235.6
238.9
115.0
112.7
112.8
113.3
114.9
118.0
122.7
125.6
1,015.5
1,028.2
1,045.6
1,056.9
1,023.6
1,039.9
1,057.3
1,059.0
5.1
6.4
6.9
0.8
6.8
5.1
7.0
4.4
1971:1...........
II..........
Ill.........
IV ........
1,098.3
1,119.1
1,139.3
1,151.7
681.0
695.1
707.5
723.8
92.7
95.5
97.8
101.5
280.3
284.1
286.7
290.9
308.0
315.5
323.1
331.3
171.3
178.8
183.4
179.2
159.0
167.9
173.2
179.5
110.4
113.4
114.8
118.0
41.5
42.3
43.1
43.8
68.9
71.0
71.7
74.2
48.6
54.6
58.3
61.5
12.3
10.9
10.2
-0.3
4.4
-0.2
-0.1
-1.7
63.1
63.1
65.4
60.3
58.7
63.3
65.5
61.9
241.6
245.3
248.5
250.3
112.9
113.5
114.7
113.6
128.7
131.8
133.8
136.8
1,086.1
1,108.2
1,129.1
1,152.0
1,105.8
1,127.0
1,146.6
1,159.4
18.4
7.8
7.4
4.4
11.5
8.4
7.8
8.4
1972:1...........
II..........
Ill.........
IV ........
1,190.6
1,225.9
1,249.7
1,287.0
741.2
759.8
778.3
803.1
104.9
108.1
111.4
117.0
295.9
304.4
311.4
320.5
340.4
347.3
355.4
365.6
193.2
206.5
212.4
218.4
189.9
194.5
198.6
210.9
123.3
126.3
129.1
136.6
45.8
46.6
47.3
49.0
77.6
79.7
81.8
87.6
66.6
68.2
69.6
74.3
3.2
12.0
13.7
7.5
-3.5
-4.3
-2.6
-3.1
68.6
67.2
71.5
76.1
72.2
71.4
74.1
79.2
259.7
263.9
261.6
268.6
119.8
122.6
116.9
119.4
139.9
141.3
144.8
149.2
1,187.3
1,213.9
1,236.0
1,279.5
1,198.7
1,234.1
1,258.6
1,296.0
14.2
12.4
8.0
12.5
12.8
9.3
7.5
14.9
1973:1...........
II..........
Ill.........
IV ........
1,335.5
1,371.9
1,391.2
1,432.3
827.7
843.3
861.8
876.9
125.1
124.4
123.7
121.0
330.3
337.0
347.6
357.4
372.3
381.9
390.4
398.5
232.5
246.0
241.8
257.6
222.0
227.8
232.0
232.6
144.1
152.1
157.0
159.9
51.3
54.1
56.8
57.7
92.8
98.0
100.1
102.2
77.9
75.8
75.0
72.7
10.6
18.2
9.8
25.0
-1.4
2.5
6.4
9.0
84.0
91.9
97.6
107.6
85.4
89.5
91.1
98.7
276.7
280.1
281.2
288.8
123.4
123.3
120.4
122.9
153.3
156.8
160.8
165.9
1,325.0
1,353.7
1,381.4
1,407.3
1,346.2
1,383.5
1,405.0
1,446.6
16.0
11.3
5.7
12.3
15.0
8.9
8.4
7.7
1974:1...........
II..........
Ill.........
IV ........
1,447.0
1,485.3
1,514.2
1,553.4
895.1
923.7
952.5
962.4
119.1
122.7
128.3
119.1
369.1
380.4
391.7
396.8
406.9
420.6
432.5
446.4
244.1
252.3
245.4
255.8
231.5
234.9
239.9
235.4
162.6
167.4
172.5
175.4
59.0
61.3
61.4
63.2
103.6
106.1
111.1
112.1
69.0
67.5
67.4
60.0
12.5
17.4
5.6
20.4
6.4
-2.7
-7.0
0.0
116.7
126.7
126.6
136.6
110.3
129.4
133.6
136.6
301.4
312.1
323.2
335.1
128.6
131.1
136.1
142.5
172.8
180.9
187.1
192.6
1,434.5
1,467.9
1,508.6
1,532.9
1,464.0
1,501.7
1,529.5
1,566.7
4.2
11.0
8.0
10.8
8.0
9.7
11.6
6.6
1975:1...........
II..........
Ill.........
IV ........
1,570.0 988.6
1,605.6 1,017.4
1,663.1 1,051.3
1,714.6 1,080.2
123.5
128.2
137.9
144.3
404.4
415.6
427.8
435.1
460.7
473.7
485.5
500.8
218.7
216.8
237.8
247.6
228.7
230.7
239.2
247.3
171.0
170.8
174.6
178.6
61.7
60.4
61.3
62.0
109.3
110.4
113.3
116.6
57.7
59.9
64.6
68.7
-10.0
-14.0
-1.4
0.3
16.5
21.6
12.0
13.8
141.4
136.8
134.1
142.5
124.9
115.2
122.1
128.7
346.3
349.8
362.0
372.9
144.0
144.9
151.4
156.0
202.2
204.9
210.6
216.9
1,580.0
1,619.6
1,664.5
1,714.2
1,581.4
1,617.3
1,676.1
1,730.5
4.4
9.4
15.1
13.0
12.9
10.4
11.6
12.5
164
GDP and Other Major NIPA Series
August 2008
Table 1. Gross Domestic Product—Continues
[B n o d lla ; q a rlyetimte a s ao a a jute a a n a ra s
illio s f o rs u rte s a s re e s n lly d s d t n u l te]
Personal consumption expenditures
Year and
quarter
Net exports o f goods
and services
Gross private domestic investment
Government consumption
expenditures and gross
investment
Fixed investment
Gross
domestic
product
Total
Durable Non
goods durable Services
goods
Nonresidential
Total
Total
Total
Struc
tures
Equip
ment
and
software
Change
in
private
Resi inven
dential tories
Net
Exports Imports
Total
Federal
Percent change
from preceding
period
Final
sales of Gross
national
domestic product
Final
State product
Gross
sales of
and
domestic domestic
local
product product
V
1.772.6
1.804.9
1.838.3
1.885.3
1,114.0
1,133.7
1,163.1
1,196.9
153.8
156.3
160.0
165.3
445.4
452.7
462.6
472.6
514.8
524.7
540.5
559.0
274.8
291.6
296.5
304.9
260.1
269.1
275.7
294.4
183.9
188.5
195.1
201.9
64.1
65.1
66.7
67.8
119.8
123.4
128.4
134.1
76.2
80.7
80.6
92.5
14.7
22.4
20.8
10.5
4.7
-0.5
-4.1
-6.6
143.6
146.6
151.8
156.1
138.9
147.1
155.8
162.7
379.1
380.1
382.8
390.0
156.3
157.8
159.9
164.9
222.8
222.3
223.0
225.2
1,757.9
1,782.4
1,817.5
1,874.8
1,788.3
1,821.5
1,855.5
1,903.1
14.2
7.5
7.6
10.6
10.6
5.7
8.1
13.2
ll'
V
1.939.3
2,006.0
2,066.8
2.111.6
1,232.5
1,260.4
1,291.7
1,329.8
173.9
178.8
183.0
189.2
483.9
492.2
498.7
513.8
574.7
589.4
609.9
626.9
326.6
354.9
378.4
385.5
311.8
335.4
347.5
361.4
214.2
223.8
232.5
244.5
69.7
73.6
76.4
78.5
144.5
150.1
156.1
165.9
97.6
111.7
115.0
116.9
14.8
19.5
30.9
24.1
-21.1
-21.1
-20.6
-29.6
155.4
161.9
162.3
157.8
176.4
183.0
182.9
187.4
401.4
411.8
417.3
425.8
169.8
174.8
176.5
180.6
231.5
237.0
240.8
245.3
1,924.5
1,986.6
2,035.9
2,087.5
1,960.1
2,026.8
2,087.7
2,130.4
12.0
14.5
12.7
9.0
11.0
13.5
10.3
10.5
if
V
2.150.0
2.275.6
2.336.2
2.417.0
1,359.9
1,417.6
1,448.7
1,487.9
187.0
204.7
205.0
210.2
524.3
542.9
558.5
575.3
648.7
670.0
685.1
702.4
396.8
430.9
451.4
472.8
371.3
406.6
426.4
444.3
250.4
276.0
290.6
305.3
80.0
90.3
98.6
105.5
170.3
185.8
192.0
199.8
121.0
130.6
135.8
139.0
25.5
24.3
25.0
28.5
-38.7
-22.6
-23.8
-16.4
164.6
186.2
191.3
205.4
203.3
208.8
215.1
221.8
431.9
449.8
459.9
472.7
183.0
189.2
192.4
199.1
249.0
260.6
267.4
273.6
2,124.5
2,251.4
2,311.2
2,388.5
2,172.1
2,294.4
2,357.0
2,441.6
7.5
25.5
11.1
14.6
7.3
26.1
11.1
14.1
if
V
2.464.4
2.527.6
2.600.7
2.660.5
1,523.6
1,564.3
1,618.6
1,662.2
211.5
210.3
218.9
216.9
593.8
610.5
635.8
657.7
718.3
743.4
763.9
787.7
481.1
493.0
497.9
499.5
457.3
465.6
485.7
491.0
318.8
324.9
342.3
349.6
107.9
112.8
121.8
128.3
210.9
212.1
220.5
221.3
138.5
140.6
143.5
141.4
23.9
27.4
12.1
8.6
-18.2
-22.2
-23.0
-26.8
211.7
220.9
234.3
253.7
229.8
243.1
257.3
280.5
477.8
492.5
507.3
525.5
202.3
207.9
211.8
220.5
275.5
284.6
295.5
305.0
2,440.5
2,500.2
2,588.6
2,651.9
2,490.1
2,557.1
2,636.8
2,697.0
8.1
10.7
12.1
9.5
9.0
10.1
14.9
10.2
if
V
2.725.3
2.729.3
2.786.6
2.916.9
1,709.1
1,711.2
1,770.1
1,838.1
220.0
199.8
213.1
223.8
679.6
686.6
699.6
718.6
809.4
824.9
857.5
895.8
505.2
470.4
443.5
497.9
495.3
462.7
477.3
507.0
361.3
350.9
361.1
376.2
132.6
132.3
135.8
144.1
228.8
218.6
225.3
232.2
134.0
111.7
116.3
130.8
9.9
7.8
-33.9
-9.1
-35.8
-15.2
5.5
-6.7
268.5
277.4
284,7
292.5
304.3
292.6
279.2
299.2
546.8
562.8
567.6
587.5
231.7
243.0
243.6
256.8
315.1
319.8
324.0
330.8
2,715.4
2,721.5
2,820.5
2,926.0
2,763.2
2,765.1
2,821.0
2,945.4
10.1
0.6
8.7
20.1
9.9
0.9
15.4
15.8
if
V
3.052.7
3.085.9
3.178.7
3.196.4
1,893.7
1,925.5
1,965.1
1,979.9
233.5
228.3
239.2
224.3
745.8
756.2
763.2
770.4
914.5
941.0
962.6
985.2
563.1
551.4
592.8
582.2
524.4
539.7
548.8
557.4
393.1
410.8
428.4
447.8
150.0
161.0
169.7
188.5
243.0
249.8
258.6
259.3
131.3
128.9
120.4
109.6
38.8
11.7
44.0
24.8
-14.3
-13.5
-7.6
-14.8
305.5
308.4
302.3
304.7
319.7
322.0
309.9
319.4
610.1
622.5
628.4
649.0
266.5
278.7
281.4
294.2
343.6
343.8
347.0
354.8
3,014.0
3,074.2
3,134.8
3,171.6
3,084.1
3,115.9
3,211.4
3,234.0
20.0
4.4
12.6
2.2
12.6
8.2
8.1
4.8
if
V
3.186.8
3.242.7
3.276.2
3.314.4
2,018.0
2,044.4
2,092.4
2,154.2
234.0
236.6
239.1
251.2
776.1 1,008.0
778.6 1,029.3
793.0 1,060.3
802.7 1,100.3
526.4
530.8
528.7
483.0
547.9
535.0
522.9
522.8
443.1
432.0
419.5
411.3
186.6
182.5
172.9
168.3
256.5
249.6
246.5
243.0
104.8
102.9
103.5
111.5
-21.5
-4.2
5.8
-39.8
-16.3
-4.4
-29.7
-29.6
293.2
294.7
279.6
265.3
309.5
299.1
309.3
294.9
658.6
671.9
684.7
706.8
298.7
305.1
312.3
327.1
359.9
366.8
372.4
379.7
3,208.2
3,246.9
3,270.4
3,354.2
3,222.8
3,283.7
3,311.2
3,348.5
-1.2
7.2
4.2
4.7
4.7
4.9
2.9
10.7
if
V
3.382.9
3.484.1
3.589.3
3.690.4
2,194.1
2,258.2
2,328.6
2,381.3
255.3
275.5
287.9
304.5
806.3 1,132.5
824.0 1,158.7
842.3 1,198.4
852.1 1,224.8
496.6
542.2
577.7
640.7
531.7
549.9
581.9
616.8
400.5
402.9
419.5
446.0
158.6
149.5
152.6
156.6
241.9
253.4
266.8
289.3
131.2
147.0
162.4
170.8
-35.1
-7.7
-4.2
23.9
-24.6
-45.4
-65.2
-71.4
270.7
272.5
278.2
286.6
295.3
318.0
343.4
358.0
716.7
729.1
748.2
739.8
332.9
342.1
354.2
342.5
383.8
387.0
394.0
397.3
3,417.9
3,491.8
3,593.5
3,666.5
3,416.9
3,520.9
3,627.1
3,730.1
8.5
12.5
12.6
11.8
7.8
8.9
12.2
8.4
II
V
3.809.6
3.908.6
3.978.2
4.036.3
2,427.6
2,486.3
2,524.9
2,574.3
316.3
325.7
326.3
337.7
866.4
883.8
889.7
898.7
1,244.9
1,276.9
1,308.9
1,338.0
709.7
735.1
753.5
744.3
636.7
665.8
682.1
696.3
460.1
484.4
500.7
513.3
165.7
175.8
182.5
185.5
294.3
308.6
318.2
327.8
176.6
181.4
181.4
183.0
73.0 -95.0
69.3 -104.3
71.3 -103.9
48.0 -107.8
293.0
302.2
305.7
308.6
388.0
406.5
409.6
416.4
767.4
791.5
803.6
825.5
359.3
374.0
375.3
388.8
408.0
417.4
428.4
436.7
3,736.6
3,839.3
3,906.8
3,988.3
3,846.6
3,946.1
4,015.5
4,069.6
13.6
10.8
7.3
6.0
7.9
11.5
7.2
8.6
if
V
4.119.5
4.178.4
4.261.3
4.321.8
2,645.7
2,690.1
2,758.7
2,786.7
351.7
356.6
379.5
366.2
910.5
924.1
932.7
947.4
1,383.6
1,409.3
1,446.5
1,473.0
720.0
735.3
727.2
762.2
703.8
713.7
710.9
729.1
520.5
528.5
522.2
533.6
194.9
195.2
192.2
195.8
325.6
333.3
329.9
337.8
183.3
185.1
188.8
195.5
16.2 -91.9
21.6 -115.4
16.3 -118.6
33.1 -134.9
305.4
303.1
295.6
304.0
397.3
418.6
414.2
438.9
845.7
868.5
894.0
907.8
398.1
407.7
420.8
424.7
447.6
460.8
473.2
483.1
4,103.3
4,156.8
4,245.0
4,288.7
4,145.8
4,207.1
4,285.5
4,348.8
8.5
5.8
8.2
5.8
12.0
5.3
8.8
4.2
if
V
4.385.6
4.425.7
4.493.9
4,546.1
2,830.3
2,862.0
2,933.5
2,973.2
373.8
388.8
426.8
422.5
957.2
950.6
956.9
969.1
1,499.2
1,522.5
1,549.8
1,581.6
763.8
753.0
732.5
736.7
733.5
737.3
739.5
749.5
527.2
517.5
513.5
521.2
191.7
174.5
169.0
170.9
335.5 206.3
343.0 219.8
344.4 226.1
350.3 228.3
30.3
15.7
-7.0
-12.7
-127.6
-130.0
-139.5
-133.8
312.2
314.4
320.4
335.2
439.8
444.4
459.8
469.0
919.2
940.7
967.4
970.0
421.5
434.8
452.1
446.2
497.7
505.9
515.3
523.9
4,355.3
4,410.0
4,500.9
4,558.8
4,409.4
4,442.3
4,512.6
4,558.3
6.0
3.7
6.3
4.7
6.4
5.1
8.5
5.2
L
II
V
4.613.8
4.690.0
4.767.8
4.886.3
3,008.0
3,075.3
3,141.6
3,176.0
398.9 992.3
419.1 1,011.3
439.9 1,022.7
428.7 1,034.8
1,616.8
1,645.0
1,679.0
1,712.5
765.0
767.6
769.5
837.8
737.0
751.1
768.5
774.7
506.8
518.2
534.2
537.2
166.9
169.6
177.6
182.7
339.9 230.1
348.6 232.9
356.7 234.2
354.5 237.5
28.0
16.5
1.0
63.1
-141.3
-147.6
-146.0
-145.9
336.8
355.1
371.7
392.0
982.1
478.1
502.7 994.6
517.7 1,002.7
537.9 1,018.4
451.9
459.1
461.0
468.2
530.2
535.5
541.7
550.2
4,585.8
4,673.5
4,766.8
4,823.2
4,628.2
4,708.7
4,786.1
4,906.5
6.1
6.8
6.8
10.3
2.4
7.9
8.2
4.8
if
V
4.951.9
5.062.8
5.146.6
5.253.7
3,256.8
3,316.4
3,384.0
3,457.2
449.3
451.8
448.9
464.4
1,048.9
1,071.0
1,096.3
1.117.7
1,758.6
1,793.6
1,838.9
1,875.1
797.6
820.4
825.7
842.6
780.6
800.7
807.5
823.5
546.2
562.3
567.5
579.1
178.6
184.2
183.5
184.9
367.6 234.4
378.2 238.4
384.0 240.0
394.2 244.4
17.0
19.7
18.2
19.1
-124.7
-107.4
-100.5
-109.0
418.5
439.1
452.9
465.8
543.2
546.6
553.3
574.8
1,022.2
1,033.5
1,037.4
1,062.9
460.9
459.7
456.8
471.8
561.3
573.8
580.5
591.1
4,934.9
5,043.2
5,128.5
5,234.7
4,977.6
5,086.4
5,168.0
5,277.7
5.5
9.3
6.8
8.6
9.6
9.1
6.9
8.5
f.'
II
V
5.367.1
5.454.1
5.531.9
5.584.3
3,511.3
3,573.9
3,630.9
3,677.8
464.0
471.1
483.0
468.9
1,135.1 1,912.2
1,162.2 1,940.7
1,175.6 1,972.3
1,194.0 2,014.9
884.1
878.2
870.3
867.3
835.9
842.1
860.4
850.6
591.3
601.9
621.9
615.8
189.5
189.6
197.7
198.1
401.8 244.6
412.3 240.2
424.2 238.4
417.8 234.8
48.2
36.0
10.0
16.6
-98.2
-91.6
-79.3
-83.5
484.0
505.7
508.4
515.2
582.3
597.3
587.7
598.7
1,070.0
1,093.6
1,109.9
1,122.7
470.1
482.2
489.7
486.9
599.9
611.5
620.2
635.8
5,318.9
5,418.1
5,521.9
5,567.7
5,390.9
5,477.4
5,557.7
5,616.2
8.9
6.6
5.8
3.8
6.6
7.7
7.9
3.4
if
V
5.716.4
5.797.7
5.849.4
5.848.8
3,762.6
3,815.9
3,879.6
3,901.7
492.4
475.6
470.6
458.2
1,224.4
1,236.0
1,262.6
1,276.5
2,045.8
2,104.3
2,146.4
2,167.0
880.0
882.5
866.8
814.6
866.1
848.8
844.9
825.9
626.9
617.9
626.1
618.9
204.1
204.6
205.5
197.4
422.7 239.2
413.3 230.9
420.6 218.8
421.5 207.0
13.9
33.7
21.9
-11.3
-83.6
-70.9
-78.5
-79.0
537.6
546.3
555.9
569.7
621.1
617.2
634.3
648.7
1,157.4
1,170.2
1,181.5
1,211.5
501.4
506.7
505.8
519.2
655.9
663.5
675.7
692.3
5,702.4
5,764.0
5,827.6
5,860.1
5,746.9
5,829.2
5,876.4
5,899.0
9.8
5.8
3.6
0.0
10.0
4.4
4.5
2.3
if
V
5.888.0
5.964.3
6.035.6
6.095.8
3,914.2
3,970.3
4,015.7
4,044.1
448.8
452.0
460.8
454.1
1,273.3
1,287.1
1,290.9
1,287.8
2,192.1
2,231.2
2,263.9
2,302.2
787.9
784.0
805.2
834.4
803.4
802.1
804.4
803.2
608.2
601.4
594.1
589.0
194.9
189.9
177.5
172.2
413.3 195.2
411.5 200.7
416.6 210.3
416.9 214.2
-15.6
-18.1
0.8
31.2
-41.5
-24.3
-22.7
-21.4
574.6
592.3
602.6
617.8
616.1
616.6
625.3
639.2
1,227.4
1,234.3
1,237.5
1,238.6
530.4
532.9
527.3
520.5
697.0
701.4
710.2
718.1
5,903.5
5,982.4
6,034.8
6,064.5
5,926.3
5,991.7
6,059.6
6,127.5
2.7
5.3
4.9
4.0
3.0
5.5
3.5
2.0
if
V
6.196.1
6.290.1
6.380.5
6.484.3
4,142.5
4,193.1
4,264.3
4,341.1
471.9
476.8
487.4
498.3
1,312.5
1,316.8
1,333.8
1,359.0
2,358.2
2,399.5
2,443.1
2,483.9
810.2
865.4
876.8
906.6
810.0
842.2
856.3
885.3
585.6
607.1
619.0
636.7
169.9
170.6
173.0
176.7
415.7
436.5
446.0
460.0
224.4
235.1
237.3
248.6
0.2
23.2
20.5
21.3
-14.2
-33.7
-39.6
-45.5
627.4
628.0
641.8
644.1
641.6
661.7
681.4
689.6
1,257.6
1,265.3
1,278.9
1,282.1
526.8
530.0
539.6
539.3
730.7
735.3
739.3
742.8
6,195.9
6,266.9
6,360.0
6,463.0
6,227.2
6,320.9
6,408.2
6,513.3
6.7
6.2
5.9
6.7
8.9
4.7
6.1
6.6
6.542.7
6.612.1
6.674.6
6,800.2
4,379.3
4,446.7
4,510.7
4,574.9
503.1
523.0
531.9
549.0
1,362.1
1,374.3
1,384.3
1,396.9
2,514.2
2,549.4
2,594.5
2,629.0
931.3
942.3
943.4
996.5
895.4
918.2
936.8
979.8
642.8
660.3
667.5
695.7
173.7
175.1
177.5
182.4
469.1 252.6
485.2 257.9
490.0 269.3
513.3 284.1
35.9
24.1
6.6
16.7
-50.0
-65.2
-70.9
-74.0
645.1
654.3
651.6
672.3
695.1
719.6
722.5
746.3
1,282.1
1,288.3
1,291.5
1,302.8
528.9
524.7
521.7
525.7
753.2
763.6
769.8
777.2
6,506.8
6,588.0
6,668.0
6,783.5
6,580.0
6,643.1
6,711.9
6,822.4
3.7
4.3
3.8
7.7
2.7
5.1
4.9
7.1
1976:
1977:
1978:
1979:
1980:
1981:
1982:
1983:
1984:
i"
1985:
1986:
1987:
1990:
1992:
1993:
r.
II
V
August 2008
165
S u r v e y o f C u r r e n t B u s in e s s
Table 1. Gross Domestic Product—Table Ends
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
Net exports of goods
and services
Gross private domestic investment
Government consumption
expenditures and gross
investment
Fixed investment
Gross
domestic
product
Total
Non
Durable durable
Services
goods
goods
Total
Total
Change
Nonresidential
in
private
Equip Resi inven
dential tories
Total Struc ment
and
tures
software
Net
Exports Imports
Total
Federal
State
and
local
Percent change
from preceding
period
Final
Gross
sales of
national
domestic product
product
Final
Gross sales of
domestic domestic
product product
1994:1...........
II ..........
Ill.........
IV.........
6,911.0
7,030.6
7,115.1
7,232.2
4,643.9
4,702.8
4,778.6
4,847.9
564.0
574.0
584.4
606.5
1,408.1
1,425.0
1,449.8
1,465.8
2,671.8
2,703.8
2,744.4
2,775.6
1,043.2 997.9
1,106.7 1,025.2
1,092.9 1,039.5
1,145.5 1,070.4
704.8
720.5
734.7
765.6
176.2
187.4
189.4
194.0
528.6
533.1
545.3
571.6
293.1
304.7
304.8
304.8
45.3 -77.6
81.5 -94.6
53.4 -99.7
75.1 -102.4
681.2
706.3
737.2
758.8
758.8
801.0
836.9
861.2
1,301.5
1,315.7
1,343.4
1,341.3
513.3
516.2
528.6
518.5
788.2
799.5
814.8
822.8
6,865.7
6,949.1
7,061.7
7,157.1
6,940.2
7,056.4
7,139.7
7,257.4
6.7
7.1
4.9
6.7
4.9
5.0
6.6
5.5
1995:1...........
II..........
Ill.........
IV.........
7,298.3
7,337.7
7,432.1
7,522.5
4,879.0
4,946.7
5,011.0
5,066.4
596.7
602.7
618.5
628.5
1,468.6
1,481.8
1,490.8
1,499.0
2,813.8
2,862.2
2,901.7
2,938.8
1,160.6
1,132.6
1,126.2
1,156.6
1,099.4
1,098.9
1,115.0
1,138.2
797.7
805.5
811.2
825.8
201.4
206.8
210.5
210.5
596.3
598.7
600.6
615.4
301.7
293.4
303.8
312.4
61.2 -102.7
33.7 -114.3
11.2 -78.2
18.3 -70.3
780.7
797.7
830.9
839.6
883.4
912.0
909.1
909.8
1,361.4
1,372.7
1,373.0
1,369.8
523.5
523.3
520.3
509.7
837.9
849.3
852.7
860.1
7,237.1
7,304.0
7,420.8
7,504.2
7,335.8
7,378.8
7,458.7
7,560.4
3.7
2.2
5.2
5.0
4.5
3.7
6.6
4.6
1996:1...........
II..........
Ill.........
IV.........
7,624.1
7,776.6
7,866.2
8,000.4
5,142.8
5,232.0
5,286.4
5,366.1
636.1
652.3
655.5
666.3
1,520.2
1,552.3
1,561.3
1,588.4
2,986.5
3,027.4
3,069.7
3,111.4
1,170.0
1,227.9
1,279.9
1,283.3
1,163.2
1,197.4
1,228.8
1,248.6
841.4
860.5
889.0
910.7
214.4
220.0
225.5
238.6
627.0
640.6
663.5
672.0
321.8
336.9
339.7
337.9
6.8 -84.2
30.5 -97.0
51.1 -116.7
34.7 -87.1
848.2
859.6
860.8
905.6
932.4
956.6
977.5
992.7
1,395.6
1,413.7
1,416.6
1,438.1
527.8
533.6
522.8
525.3
867.8
880.0
893.8
912.8
7,617.3
7,746.2
7,815.1
7,965.8
7,666.2
7,809.9
7,895.4
8,036.1
5.5
8.2
4.7
7.0
6.2
6.9
3.6
7.9
1997:1...........
II ..........
Ill.........
IV.........
8,113.8
8,250.4
8,381.9
8,471.2
5,448.8
5,484.6
5,589.8
5,666.4
682.8
673.8
700.1
714.0
1,605.3
1,603.2
1,628.5
1,638.8
3,160.7
3,207.6
3,261.2
3,313.6
1,315.4
1,385.2
1,419.5
1,439.1
1,271.0
1,296.8
1,347.0
1,356.4
930.1
950.0
995.7
998.9
243.1
243.2
255.2
260.0
687.1
706.9
740.5
738.9
340.8
346.8
351.3
357.5
44.4 -103.0
88.5 -88.3
72.5 -99.6
82.7 -115.3
919.7
955.5
975.6
970.6
1,022.7
1,043.8
1,075.2
1,085.9
1,452.7
1,468.9
1,472.2
1,481.1
523.5
535.6
532.8
531.7
929.2
933.3
939.4
949.4
8,069.4
8,162.0
8,309.4
8,388.6
8,142.6
8,290.1
8,416.1
8,500.2
5.8
6.9
6.5
4.3
5.3
4.7
7.4
3.9
1998:1...........
II..........
Ill.........
IV.........
8,586.7
8,657.9
8,789.5
8,953.8
5,733.4
5,834.2
5,924.2
6,026.2
711.9
739.8
754.9
794.2
1,652.0
1,671.3
1,691.2
1,719.7
3,369.4
3,423.1
3,478.1
3,512.3
1,505.5
1,474.6
1,507.8
1,548.6
1,390.0
1,427.7
1,447.1
1,488.7
1,024.0
1,049.1
1,054.3
1,082.7
264.2
277.5
277.5
281.8
759.9
771.6
776.8
800.9
365.9
378.6
392.8
406.0
115.5
46.9
60.7
59.9
-129.2
-162.4
-174.2
-174.0
965.2
949.6
938.3
970.6
1,094.4
1,112.0
1,112.5
1,144.6
1,477.0
1,511.5
1,531.7
1,553.1
520.3 956.7
534.4 977.1
530.5 1,001.2
536.6 1,016.4
8,471.2
8,611.0
8,728.8
8,893.9
8,615.1
8,684.3
8,802.7
8,971.2
5.6
3.4
6.2
7.7
4.0
6.8
5.6
7.8
1999:1...........
II..........
Ill.........
IV.........
9,066.6
9,174.1
9,313.5
9,519.5
6,101.7
6,237.2
6,337.2
6,453.7
785.2
818.5
832.8
834.1
1,748.5
1,789.2
1,812.5
1,869.0
3,568.0
3,629.6
3,691.9
3,750.7
1,596.7
1,589.9
1,628.3
1,687.7
1,514.6
1,551.7
1,579.2
1,589.5
1,101.0
1,130.1
1,151.5
1,153.0
278.3
282.0
281.6
286.9
822.7
848.1
869.8
866.1
413.5
421.7
427.8
436.5
82.2
38.1
49.1
98.2
-207.5
960.1 1,167.6
-252.1
972.8 1,224.9
-285.2 1,000.5 1,285.7
-297.2 1,031.6 1,328.8
1,575.6
1,599.1
1,633.2
1,675.3
540.6
545.9
560.0
576.8
1,035.0
1,053.2
1,073.2
1,098.5
8,984.4
9,136.0
9,264.4
9,421.3
9,097.2
9,209.9
9,343.4
9,558.3
5.1
4.8
6.2
9.1
4.1
6.9
5.7
6.9
2000:1...........
I I ..........
Ill.........
IV.........
9,629.4
9,822.8
9,862.1
9,953.6
6,613.9
6,688.1
6,783.9
6,871.6
876.9
854.2
861.3
860.9
1,894.2
1,938.3
1,965.8
1,990.5
3,842.8
3,895.6
3,956.7
4,020.3
1,672.3
1,781.7
1,749.0
1,738.9
1,642.4
1,685.4
1,690.6
1,697.5
1,193.9
1,236.5
1,247.5
1,250.3
295.2
310.4
321.1
326.0
898.7
926.1
926.5
924.2
448.5
448.8
443.1
447.2
29.9
96.3
58.4
41.4
-346.4
-366.9
-400.7
-403.9
1,689.6
1,720.0
1,729.9
1,746.9
565.3
586.6
581.2
582.0
1,124.3
1,133.4
1,148.6
1,164.9
9,599.6 9,661.9
9,726.5 9,859.6
9,803.7 9,893.6
9,912.2 10,008.4
4.7
8.3
1.6
3.8
7.8
5.4
3.2
4.5
2001:1...........
II..........
Ill.........
IV.........
10,021.5
10,128.9
10,135.1
10,226.3
6,955.8
7,017.5
7,058.5
7,188.4
872.1
864.7
865.1
932.8
2,000.0
2,016.6
2,024.2
2,027.5
4,083.7
4,136.2
4,169.1
4,228.0
1,675.3
1,647.7
1,613.0
1,521.4
1,685.2
1,654.7
1,644.8
1,599.6
1,229.6
1,187.1
1,167.2
1,123.2
323.9
325.7
335.8
305.2
905.7
861.4
831.4
818.1
455.6
467.6
477.6
476.3
-9.9
-7.0
-31.8
-78.2
-392.9 1,100.7 1,493.7 1,783.3
-361.7 1,060.5 1,422.2 1,825.4
-361.9 1,003.5 1,365.3 1,825.6
-351.6
966.6 1,318.2 1,868.2
596.2
610.9
614.3
630.1
1,187.2
1,214.5
1,211.2
1,238.1
10,031.4
10,136.0
10,166.9
10,304.5
10,060.2
10,173.5
10,151.8
10,300.9
2.8
4.4
0.2
3.6
4.9
4.2
1.2
5.5
2002:1...........
II..........
Ill.........
IV.........
10,333.3
10,426.6
10,527.4
10,591.1
7,230.3
7,323.0
7,396.6
7,453.1
915.2
918.9
940.1
921.5
2,044.9
2,078.9
2,085.1
2,109.7
4,270.2
4,325.2
4,371.4
4,421.8
1,564.1
1,571.4
1,592.9
1,600.1
1,572.4
1,568.8
1,566.8
1,572.8
1,085.2
1,067.8
1,061.4
1,050.7
292.2
280.9
272.1
271.7
793.0
787.0
789.3
779.0
487.2
501.0
505.4
522.1
-8.3
2.6
26.0
27.3
976.4 1,349.5 1,912.0
-373.1
-416.1 1,008.2 1,424.3 1,948.3
-433.8 1,022.9 1,456.7 1,971.8
-474.6 1,016.2 1,490.8 2,012.5
654.9
675.2
682.0
706.6
1,257.2
1,273.1
1,289.8
1,305.9
10,341.6
10,424.0
10,501.4
10,563.9
10,359.5
10,443.3
10,557.0
10,641.1
4.3
3.7
3.9
2.4
1.4
3.2
3.0
2.4
2003:1...........
II..........
Ill.........
IV.........
10,705.6
10,831.8
11,086.1
11,219.5
7,548.1
7,628.4
7,782.6
7,855.3
911.5
937.3
964.4
957.4
2,159.0
2,155.4
2,216.8
2,229.5
4,477.7
4,535.6
4,601.4
4,668.4
1,606.4
1,617.1
1,690.5
1,742.3
1,583.3
1,620.6
1,678.7
1,716.4
1,044.0
1,067.4
1,093.3
1,104.8
269.9
279.2
280.2
279.6
774.1
788.2
813.2
825.2
539.3
553.2
585.4
611.6
23.0
-3.5
11.8
25.9
-499.3
-501.3
-495.2
-501.8
1,012.4
1,010.8
1,040.7
1,099.1
1,511.7
1,512.1
1,535.9
1,600.9
2,050.3
2,087.7
2,108.2
2,123.7
725.9
762.2
764.8
772.8
1,324.4
1,325.5
1,343.3
1,350.9
10,682.6
10,835.4
11,074.3
11,193.6
10,744.9
10,888.4
11,139.8
11,297.3
4.4
4.8
9.7
4.9
4.6
5.8
9.1
4.4
2004:1...........
II..........
Ill.........
IV.........
11,405.5
11,610.3
11,779.4
11,948.5
8,010.1 969.6
8,135.0 974.8
8,245.1 986.9
8,393.3 1,004.1
2,284.2
2,327.7
2,353.5
2,409.3
4,756.3
4,832.4
4,904.6
4,979.9
1,769.6
1,875.6
1,929.7
1,979.5
1,732.6
1,806.6
1,864.7
1,916.1
1,100.4
1,135.5
1,172.7
1,209.5
284.0
293.5
303.4
312.0
816.4
842.0
869.3
897.4
632.2
671.1
692.0
706.6
37.0
69.0
65.0
63.4
-543.2
-603.1
-632.6
-682.6
1,140.9
1,172.8
1,187.3
1,228.6
1,684.1
1,775.8
1,820.0
1,911.2
2,169.1
2,202.8
2,237.3
2,258.2
806.2
821.9
839.4
835.0
1,362.9
1,381.0
1,397.9
1,423.2
11,368.6
11,541.3
11,714.4
11,885.0
11,501.7
11,683.1
11,862.3
12,001.1
6.8
7.4
6.0
5.9
6.4
6.2
6.1
6.0
2005:1...........
II..........
Ill.........
IV.........
12,155.4
12,297.5
12,538.2
12,696.4
8,480.9
8,610.8
8,791.1
8,893.7
1,006.6
1,033.3
1,038.7
1,004.4
2,432.4
2,469.9
2,554.8
2,599.4
5,041.9
5,107.6
5,197.6
5,289.9
2,046.0
2,039.7
2,084.2
2,174.6
1,963.3
2,020.3
2,073.2
2,114.3
1,233.6
1,261.0
1,286.1
1,311.8
326.9
333.8
337.3
352.4
906.7
927.2
948.8
959.3
729.7
759.3
787.1
802.5
82.6
19.4
11.0
60.3
-670.7
-680.9
-725.1
-777.7
1,266.8
1,305.1
1,314.5
1,359.6
1,937.5
1,986.0
2,039.6
2,137.4
2,299.2
2,328.0
2,388.0
2,405.9
861.0
867.1
894.2
879.5
1,438.2
1,460.9
1,493.8
1,526.4
12,072.7
12,278.1
12,527.2
12,636.1
12,258.0
12,389.7
12,641.2
12,770.6
7.1
4.8
8.1
5.1
6.5
7.0
8.4
3.5
2006:1...........
II..........
Ill.........
IV.........
12,959.6
13,134.1
13,249.6
13,370.1
9,026.3
9,161.9
9,283.7
9,357.0
1,046.5
1,049.1
1,054.4
1,058.2
2,629.3
2,681.5
2,726.3
2,703.8
5,350.5
5,431.3
5,502.9
5,595.0
2,236.7
2,253.7
2,231.7
2,159.5
2,183.6
2,187.9
2,169.2
2,143.6
1,375.5
1,408.3
1,433.0
1,439.6
377.4
406.0
424.4
433.9
998.1
1,002.3
1,008.6
1,005.6
808.1
779.6
736.2
704.0
53.1
65.9
62.5
15.8
-761.7
-777.2
-792.7
-697.7
1,423.2
1,462.8
1,492.5
1,544.5
2,184.9
2,240.0
2,285.2
2,242.2
2,458.4
2,495.7
2,526.9
2,551.4
922.8
928.5
935.5
941.7
1,535.5
1,567.2
1,591.4
1,609.7
12,906.5
13,068.3
13,187.1
13,354.3
13,039.2
13,219.4
13,316.1
13,452.0
8.6
5.5
3.6
3.7
8.8
5.1
3.7
5.2
2007:1...........
II..........
Ill.........
IV.........
13,510.9
13,737.5
13,950.6
14,031.2
9,524.9
9,657.5
9,765.6
9,892.7
1,076.6
1,085.3
1,086.2
1,083.0
2,761.5
2,817.7
2,846.6
2,906.2
5,686.8
5,754.4
5,832.8
5,903.5
2,117.8
2,147.2
2,164.0
2,092.3
2,133.4
2,148.1
2,141.0
2,113.4
1,456.4
1,493.7
1,522.9
1,542.1
449.6
469.8
492.9
508.7
1,006.8
1,023.9
1,030.0
1,033.4
677.0
654.4
618.1
571.3
-15.6
-0.9
23.0
-21.1
-728.8
-723.1
-682.6
-696.7
1,560.5
1,614.4
1,714.9
1,759.7
2,289.4
2,337.5
2,397.5
2,456.5
2,597.0
2,655.9
2,703.5
2,742.9
950.3
974.6
994.0
998.3
1,646.8
1,681.3
1,709.5
1,744.6
13,526.5
13,738.4
13,927.6
14,052.3
13,583.3
13,797.2
14,062.8
14,196.6
4.3
6.9
6.3
2.3
5.3
6.4
5.6
3.6
14,176.4 14,289.0
14,351.5
3.5
3.0
3.6
5.0
2008:1........... 14,150.8 10,002.3 1,071.0 2,950.7 5,980.6 2,056.1 2,081.7 1,553.6 522.7
II
14,256.5 10,144.3 1,058.7 3,027.8 6,057.7 1,979.9 2,074.9 1,571.5 545.4
1,030.9 528.1
1,026.1 503.4
1,055.1
1,091.8
1,122.4
1,115.8
1,401.5
1,458.7
1,523.1
1,519.7
-25.6 -705.7 1,820.8 2,526.5 2,798.1 1,026.5 1,771.6
-95.0 -737.3 1,907.5 2,644.8 2,869.6 1,056.0 1,813.6
166
GDP and Other Major NIPA Series
August 2008
Table 2A. Real Gross Domestic Product—Continues
[Billions of chained (2000) dollars; quarterly estimates are seasonally adjusted at annual rates]
Year and
quarter
Gross
domestic
product
Gross
Personal
consumption private
domestic
expenditures
investment
Exports and imports of
Government
goods and services consumption
expenditures Residual
and gross
Exports
Imports
investment
Percent change from preceding period
Final sales of
Gross
Final sales
domestic
domestic to domestic
product
purchases purchasers
Gross
national
product
Gross
Final sales
Gross
Final sales
domestic of domestic domestic to domestic
product
product purchases purchasers
Gross
national
product
1929 .
865 2
661 4
91.3
34.9
44.3
120.6
1.3
874.5
879.5
889.3
872.6
1930................
1931................
1932................
1933................
1934................
790.7
739.9
643.7
635.5
704.2
626.1
606.9
553.0
541.0
579.3
60.9
38.3
11.5
17.0
30.7
28.9
24.0
18.8
18.9
21.0
38.5
33.6
27.9
29.1
29.7
132.9
138.5
133.8
129.2
145.7
-19.6
-34.2
-45.5
-41.5
-42.8
814.8
767.4
680.4
659.8
722.2
806.1
756.1
659.1
651.5
719.8
831.0
784.3
696.9
676.5
738.3
797.8
745.7
648.4
639.5
707.8
-8.6
-6.4
-13.0
-1.3
10.8
-6.8
-5.8
-11.3
-3.0
9.5
-8.3
-6.2
-12.8
-1.2
10.5
-6.6
-5.6
-11.1
-2.9
9.1
-8.6
-6.5
-13.0
-1.4
10.7
1935................
1936................
1937................
1938................
1939................
766.9
866.6
911.1
879.7
950.7
614.8
677.0
702.0
690.7
729.1
56.9
72.9
91.1
60.2
77.4
22.2
23.3
29.3
29.0
30.6
38.9
38.4
43.3
33.6
35.3
149.7
174.7
167.3
180.2
196.0
-37.8
-42.9
-35.3
-46.8
-47.1
767.2
868.3
904.6
891.6
957.4
790.3
890.9
932.4
891.9
963.8
790.8
892.6
925.8
904.1
970.7
771.1
870.3
915.9
884.7
955.9
8.9
13.0
5.1
-3.4
8.1
6.2
13.2
4.2
-1.4
7.4
9.8
12.7
4.7
-4.3
8.1
7.1
12.9
3.7
-2.3
7.4
9.0
12.9
5.2
-3.4
8.1
1940................
1941................
1942................
1943................
1944................
1,034.1
1,211.1
1,435.4
1,670.9
1,806.5
767.1
821.9
803.1
826.1
850.2
107.9
131.7
69.6
41.1
50.8
34.8
35.7
23.6
19.9
21.4
36.2
44.5
40.4
50.9
53.3
201.5
335.1
788.6
1,173.3
1,320.5
-41.0
-68.8
-209.1
-338.6
-383.1
1,022.5
1,187.1
1,435.3
1,693.6
1,831.5
1,044.1
1,232.5
1,478.0
1,737.7
1,877.0
1,032.1
1,207.9
1,478.2
1,761.5
1,903.2
1,038.5
1,217.0
1,441.3
1,676.7
1,812.6
8.8
17.1
18.5
16.4
8.1
6.8
16.1
20.9
18.0
8.1
8.3
18.0
19.9
17.6
8.0
6.3
17.0
22.4
19.2
8.0
8.6
17.2
18.4
16.3
8.1
1945................
1946................
1947................
1948................
1949................
1,786.3
1,589.4
1,574.5
1,643.2
1,634.6
902.7
1,012.9
1,031.6
1,054.4
1,083.5
67.0
172.1
165.3
211.2
161.2
29.9
64.6
73.7
58.0
57.5
56.7
47.0
44.6
52.0
50.2
1,152.9
396.8
337.2
361.7
404.9
-309.5
-10.0
11.3
9.9
-22.3
1,816.5
1,566.4
1,598.5
1,628.1
1,666.7
1,843.6
1,571.6
1,538.8
1,644.1
1,634.0
1,875.1
1,547.7
1,562.8
1,628.6
1,666.6
1,791.6
1,596.1
1,583.5
1,654.0
1,644.5
-1.1
-11.0
-0.9
4.4
-0.5
-0.8
-13.8
2.1
1.9
2.4
-1.8
-14.8
-2.1
6.8
-0.6
-1.5
-17.5
1.0
4.2
2.3
-1.2
-10.9
-0.8
4.5
-0.6
1950................
1951................
1952................
1953................
1954................
1,777.3
1,915.0
1,988.3
2,079.5
2,065.4
1,152.8
1,171.2
1,208.2
1,265.7
1,291.4
227.7
228.3
206.5
216.2
206.1
50.3
61.7
59.0
55.1
57.7
59.3
61.7
67.1
73.4
69.8
405.3
553.5
666.3
713.9
665.1
0.5
-38.0
-84.6
-98.0
-85.1
1,763.8
1,889.4
1,990.0
2,087.7
2,092.5
1,801.0
1,926.0
2,011.9
2,118.6
2,095.7
1,787.4
1,900.0
2,013.6
2,127.1
2,123.4
1,788.2
1,928.4
2,002.1
2,092.8
2,079.4
8.7
7.7
3.8
4.6
-0.7
5.8
7.1
5.3
4.9
0.2
10.2
6.9
4.5
5.3
-1.1
7.2
6.3
6.0
5.6
-0.2
8.7
7.8
3.8
4.5
-0.6
1955................
1956................
1957................
1958................
1959................
2,212.8
2,255.8
2,301.1
2,279.2
2,441.3
1,385.5
1,425.4
1,460.7
1,472.3
1,554.6
256.2
252.7
241.7
221.7
266.7
63.9
74.4
80.9
70.0
77.2
78.2
84.5
88.1
92.3
101.9
640.7
641.0
669.5
690.9
714.3
-55.3
-53.2
-63.6
-83.4
-69.6
2,209.2
2,259.0
2,316.9
2,299.0
2,442.7
2,246.3
2,281.8
2,322.1
2,320.7
2,485.9
2,242.8
2,285.0
2,338.3
2,341.1
2,487.4
2,228.5
2,273.1
2,319.2
2,294.7
2,457.4
7.1
1.9
2.0
-1.0
7.1
5.6
2.3
2.6
-0.8
6.2
7.2
1.6
1.8
-0.1
7.1
5.6
1.9
2.3
0.1
6.3
7.2
2.0
2.0
-1.1
7.1
1960................
1961................
1962................
1963................
1964................
2,501.8
2,560.0
2,715.2
2,834.0
2,998.6
1,597.4
1,630.3
1,711.1
1,781.6
1,888.4
266.6
264.9
298.4
318.5
344.7
90.6
91.1
95.7
102.5
114.6
103.3
102.6
114.3
117.3
123.6
715.4
751.3
797.6
818.1
836.1
-64.9
-75.0
-73.3
-69.4
-61.6
2,506.8
2,566.8
2,708.5
2,830.3
2,999.9
2,529.6
2,587.6
2,751.4
2,866.0
3,023.2
2,534.8
2,594.6
2,744.8
2,862.4
3,024.5
2,519.4
2,579.3
2,736.9
2,857.2
3,023.6
2.5
2.3
6.1
4.4
5.8
2.6
2.4
5.5
4.5
6.0
1.8
2.3
6.3
4.2
5.5
1.9
2.4
5.8
4.3
5.7
2.5
2.4
6.1
4.4
5.8
1965................
1966................
1967................
1968................
1969................
3,191.1
3,399.1
3,484.6
3,652.7
3,765.4
2,007.7
2,121.8
2,185.0
2,310.5
2,396.4
393.1
427.7
408.1
431.9
457.1
117.8
126.0
128.9
139.0
145.7
136.7
157.1
168.5
193.6
204.6
861.3
937.1
1,008.9
1,040.5
1,038.0
-52.1
-56.4
-77.8
-75.6
-67.2
3,173.8
3,364.8
3,467.6
3,640.3
3,753.7
3,228.6
3,450.3
3,545.1
3,727.5
3,844.1
3,211.2
3,415.5
3,528.1
3,715.3
3,832.6
3,217.3
3,423.7
3,510.1
3,680.0
3,792.0
6.4
6.5
2.5
4.8
3.1
5.8
6.0
3.1
5.0
3.1
6.8
6.9
2.7
5.1
3.1
6.2
6.4
3.3
5.3
3.2
6.4
6.4
2.5
4.8
3.0
1970................
1971................
1972................
1973................
1974................
3,771.9
3,898.6
4,105.0
4,341.5
4,319.6
2,451.9
2,545.5
2,701.3
2,833.8
2,812.3
427.1
475.7
532.1
594.4
550.6
161.4
164.1
176.5
209.7
226.3
213.4
224.7
250.0
261.6
255.7
1,012.9
990.8
983.5
980.0
1,004.7
-68.0
-52.8
-38.4
-14.8
-18.6
3,787.7
3,893.4
4,098.6
4,315.9
4,305.5
3,837.4
3,974.2
4,192.8
4,399.1
4,343.8
3,854.0
3,969.3
4,186.9
4,373.4
4,329.7
3,798.2
3,927.8
4,136.2
4,383.6
4,367.5
0.2
3.4
5.3
5.8
-0.5
0.9
2.8
5.3
5.3
-0.2
-0.2
3.6
5.5
4.9
-1.3
0.6
3.0
5.5
4.5
-1.0
0.2
3.4
5.3
6.0
-0.4
1975................
1976................
1977................
1978................
1979................
4,311.2
4,540.9
4,750.5
5,015.0
5,173.4
2,876.9
3,035.5
3,164.1
3,303.1
3,383.4
453.1
544.7
627.0
702.6
725.0
224.9
234.7
240.3
265.7
292.0
227.3
271.7
301.4
327.6
333.0
1,027.4
1,031.9
1,043.3
1,074.0
1,094.1
-43.8
-34.2
-22.8
-2.8
11.9
4,352.5
4,522.3
4,721.6
4,981.6
5,161.2
4,297.0
4,575.0
4,818.5
5,081.5
5,206.8
4,338.2
4,556.2
4,789.5
5,047.9
5,194.2
4,348.4
4,585.3
4,800.3
5,064.4
5,240.1
-0.2
5.3
4.6
5.6
3.2
1.1
3.9
4.4
5.5
3.6
-1.1
6.5
5.3
5.5
2.5
0.2
5.0
5.1
5.4
2.9
-0.4
5.4
4.7
5.5
3.5
See the note at the end of the table.
N o t e . C h a i n - t y p e e s tim a te s p r o v i d e t h e b e s t a v a ila b le m e t h o d f o r
c o m p a r i n g t h e le v e l o f a g iv e n s e rie s a t t w o p o in t s i n t i m e . C h a i n e d d o l l a r e s tim a te s a r e o b t a i n e d b y m u l t i p l y i n g t h e c h a in - t y p e q u a n t i t y
in d e x f o r a n a g g re g a te b y its v a lu e i n c u r r e n t d o lla r s i n t h e r e f e r
e n c e y e a r ( c u r r e n t l y 2 0 0 0 ) a n d d i v i d in g b y 1 0 0 . F o r a n a n a ly s is o f
c h a n g e s o v e r t i m e i n a n a g g re g a te o r i n a c o m p o n e n t , t h e p e r c e n t
a g e c h a n g e s c a lc u la te d f r o m t h e c h a in e d - d o ll a r e s tim a te s a n d th e
c h a in - t y p e q u a n t i t y in d e x e s a r e t h e s a m e . T h u s , c h a in e d - d o ll a r e s ti
m a te s c a n b e u s e d t o c o m p u t e “ r e a l” ( t h a t is , i n f l a t io n - a d j u s t e d ) ra te s
o f g r o w t h . H o w e v e r , c o m p a r is o n s o f t w o o r m o r e d i f f e r e n t c h a in e d d o l l a r s e rie s m u s t b e m a d e w i t h c a u t i o n , b e c a u s e t h e p r ic e s u s e d as
w e ig h t s i n t h e c h a in e d - d o ll a r c a lc u la tio n s u s u a lly d i f f e r f r o m t h e
p r ic e s i n t h e r e fe r e n c e p e r i o d , a n d t h e r e s u lt in g c h a in e d - d o ll a r v a lu e s
f o r d e t a ile d G D P c o m p o n e n t s u s u a lly d o n o t s u m t o t h e c h a in e d - d o lla r e s tim a te o f G D P o r t o a n y i n t e r m e d i a t e a g g re g a te . A m e a s u r e o f
th e e x t e n t o f s u c h d iff e r e n c e s is p r o v i d e d i n m o s t c h a in e d - d o ll a r
ta b le s b y a “ r e s id u a l” l in e , w h i c h in d ic a t e s t h e d if f e r e n c e b e t w e e n G D P
( o r a n o t h e r m a j o r a g g r e g a te ) a n d t h e s u m o f t h e m o s t d e t a ile d
c o m p o n e n t s i n t h e ta b le .
I t is u s u a lly b e s t t o m a k e c o m p a r is o n s o f a g g re g a te s e rie s i n
c u r r e n t d o lla r s o r t o u s e B E A ’s e s tim a te s o f c o n t r i b u t io n s t o p e r c e n t
c h a n g e . M e a s u r e s o f t h e c o n t r i b u t io n s o f c o m p o n e n t s to t h e p e r
c e n ta g e c h a n g e i n r e a l G D P a n d t o t h e p e r c e n ta g e c h a n g e i n o t h e r
m a j o r a g g re g a te s a r e p r o v i d e d i n N I P A ta b le s 1 .1 .2 , 1 .2 .2 , 1 .5 .2 ,
2 .3 .2 , 3 . 9 . 2 , 4 . 2 . 2 , 5 .3 .2 , 5 . 4 . 2 A , 5 .4 .2 B , a n d 5 .5 .2 . I n g e n e r a l, t h e u s e
o f c h a in e d - d o ll a r e s tim a te s t o c a lc u la te c o m p o n e n t s h a re s o r c o m p o
n e n t c o n t r i b u t io n s m a y b e m is le a d in g f o r p e r io d s a w a y f r o m t h e r e f
e r e n c e y e a r ; c o m p o n e n t s h a re s o f G D P a r e p r o v i d e d i n t a b le
1 .1 .1 0 . I n t h e N o v e m b e r 2 0 0 3 S u r v e y , t h e a r t ic le “ C h a i n e d - D o l l a r In d e x e s : Is s u e s , T i p s o n T h e i r U s e , a n d U p c o m i n g C h a n g e s ”
d is c u s s e d t h e a d v a n ta g e s o f u s in g c h a in - w e i g h t e d in d e x e s a n d
t h e c h a lle n g e s o f u s in g c h a in e d d o lla r s . T o a s s is t u s e rs i n u n d e r
t a k i n g h is t o r ic a l a n a ly s is , B E A p r o v id e s s u p p le m e n t a l ta b le s t h a t
p r e s e n t e s tim a te s f o r s e le c te d t im e s p a n s i n c h a in e d 1 9 3 7 , 1 9 5 2 ,
1 9 7 2 , a n d 1 9 8 2 d o lla r s (s e e ta b le s 1 .1 .6 A , 1 .1 .6 B , 1 . 1 .6 C , a n d
1 .1 .6 D ).
August 2008
167
S u r v e y o f C u r r e n t B u s in e s s
T a b le 2 A . R e a l G r o s s D o m e s t ic P r o d u c t — C o n tin u e s
[Billions of chained (2 0 0 0 ) dollars; q u arterly estim ates are seaso n ally adjusted at annual rates]
Year and
quarter
Gross
domestic
product
Personal
consumption
expenditures
Gross
private
domestic
investment
Exports and imports of
goods and services
Exports
Imports
Government
consumption
expenditures
and gross
investment
Percent change from preceding period
Final sales of
domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
14.3
30.7
-1 9 .8
-3 4 .4
-1 2 .0
5 ,196.7
5,265.1
5 ,233.4
5,454.0
5 ,739.2
5 ,108.9
5,244.7
5,175.1
5,477.6
5,951.6
5,142.8
5,217.9
5,218.2
5,507.3
5,877.3
5,227.6
5,349.7
5,249.7
5,482.5
5,869.3
- 3 1 .0
- 4 5 .4
-4 3 .0
- 3 3 .0
-2 3 .1
6,042.1
6,271.8
6,457.2
6,734.5
6,962.2
6,215.8
6,443.6
6,644.1
6,857.9
7,060.8
6,204.2
6,452.0
6,626.5
6,849.7
7,041.6
-2 8 .3
-3 2 .7
-2 6 .6
-2 4 .4
-1 6 .7
7,108.5
7,115.0
7,331.1
7,522.3
7,777.8
7,161.6
7,101.2
7,338.9
7,577.2
7,911.3
7,157.4
7,115.2
7,333.0
7,56 6 .4
8,098.4
8,405.7
8,807.6
9,272.5
9,767.7
Residual
Gross
national
product
Final sales
of domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
- 0 .2
2.5
- 1 .9
4.5
7.2
0.7
1.3
- 0 .6
4.2
5.2
- 1 .9
2.7
-1 .3
5.8
8.7
- 1 .0
1.5
0.0
5.5
6.7
-0 .2
2.3
- 1 .9
4.4
7.1
6,093.4
6,290.6
6,500.9
6,775.2
7,015.4
4.1
3.5
3.4
4.1
3.5
5.3
3.8
3.0
4.3
3.4
4.4
3.7
5.6
4.0
2.7
3.4
2.8
3.8
3.2
3.3
4.2
3.5
1.9
- 0 .2
3.3
2.7
4.0
2.1
0.1
3.0
2.6
3.4
- 0 .8
3.3
3.2
4.4
1.6
- 0 .6
3.1
3.2
3.8
- 0 .3
3.3
2.7
7,853,6
7,155.2
7,136.8
7,371.8
7,568.6
7,864.2
8,076.8
8,383,1
8,740.4
9,203.2
9,701.3
8,069.8
8,365.3
8,737.5
9,088.7
9,504.7
2.5
3.7
4.5
4.2
4.5
3.0
3.7
4.0
4.2
4.5
2.4
3.8
4.8
5.3
5.3
2.8
3.8
4.3
5.3
5.4
2.6
3.7
4.4
4.0
4.6
Gross
domestic
product
Gross
national
product
1 9 8 0 ...................
1 9 8 1 ...................
1 9 8 2 ...................
1 9 8 3 ...................
1 9 8 4 ...................
5,161.7
5,291.7
5,189.3
5 ,423.8
5,813.6
3,374.1
3,422.2
3,470.3
3,668.6
3,863.3
645.3
704.9
606.0
662.5
857.7
323.5
327.4
302.4
294.6
318.7
310.9
319.1
315.0
354.8
441.1
1,115.4
1 9 8 5 ...................
1 9 8 6 ...................
1 9 8 7 ...................
1 9 8 8 ...................
1 9 8 9 ...................
6,053.7
6 ,263.6
6,475.1
6,742.7
6 ,981.4
4,064.0
4,228.9
4,369.8
4,546.9
4,675.0
849.7
843.9
870.0
890.5
926.2
328.3
353.7
391.8
454.6
506.8
469.8
510.0
540.2
561.4
586.0
1,312.5
1,392.5
1,426.7
1,445.1
1,482.5
1 9 9 0 ...................
1 9 9 1 ...................
1 9 9 2 ...................
1 9 9 3 ...................
1 9 9 4 ...................
7,112.5
7,100.5
7,336.6
7 ,532.7
7 ,835.5
4,770.3
4,778.4
4,934.8
5,099.8
5,290.7
895.1
822.2
889.0
968.3
1,099.6
552.5
589.1
629.7
650.0
706.5
607.1
603.7
645.6
702.1
1,530.0
1,547.2
1,555.3
1,541.1
785.9
1,541.3
1 9 9 5 ...................
1 9 9 6 ...................
1 9 9 7 ...................
1 9 9 8 ...................
1 9 9 9 ...................
8,031.7
8 ,328.9
8,703.5
9,066.9
9,470.3
5,433.5
5,619.4
5,831.8
6,125.8
6,438.6
1,134.0
1,234.3
1,387.7
1,524.1
1,642.6
778.2
843.4
943.7
1,549.7
1,564.9
1,594.0
1,624.4
1,686.9
-1 4 .6
-1 0 .1
-5 .4
966.5
1,008.2
849.1
923.0
1,048.3
1,170.3
1,304.4
- 3 .6
- 1 .6
8,010.2
8,306.5
8,636.6
8,997.6
9,404.0
2 0 0 0 ...................
2 0 0 1 ...................
2 0 0 2 ...................
2 0 0 3 ...................
2 0 0 4 ...................
9,817.0
9 ,890.7
10,048.8
10,301.0
10,675.8
6,739.4
6,910.4
7,099.3
7,295.3
7,561.4
1,735.5
1,598.4
1,557.1
1,613.1
1,770.2
1,096.3
1,036.7
1,013.3
1,026.1
1,126.1
1,475.8
1,435.8
1,484.6
1,545.0
1,719.9
1,721.6
1,780.3
1,858.8
1,904.8
1,931.8
0.0
0.7
4.9
6.7
6.2
9,760.5
9,920.9
10,036.5
10,285.1
10,619.8
10,196.4
10,290.1
10,517.7
10,815.5
11,261.4
10,140.0
10,320.5
10,505.3
10,799.5
11,205.2
9,855.9
9,933.6
10,079.0
10,355.3
10,746.0
3.7
0.8
1.6
2.5
3.6
3.8
1.6
1.2
2.5
3.3
4.4
0.9
2.2
2.8
4.1
4.5
1.8
1.8
2.8
3.8
3.7
0.8
1.5
2.7
3.8
2 0 0 5 ...................
2 0 0 6 ...................
2 0 0 7 ...................
10,989.5
11,294.8
11,523.9
7,791.7
8,029.0
8,252.8
1,873.5
1,912.5
1,809.7
1,205.3
1,314.8
1,425.9
1,821.9
1,930.5
1,972.4
1,939.0
1,971.2
2,012.1
1.9
- 2 .2
- 4 .2
10,947.3
11,249.3
11,523.4
11,597.8
11,904.1
12,066.8
11,555.4
11,858.5
12,066.0
11,072.1
11,362.3
11,609.8
2.9
2.8
2.0
3.1
2.8
2.4
3.0
2.6
1.4
3.1
2.6
1.8
3.0
2.6
2.2
1 9 4 7 'l ...............
I I..............
Ill.............
I V ............
1 570.5
1,568.7
1,568.0
1,590.9
1 0172
1,034.0
1,037.5
1,037.7
170 2
156.7
151.6
182.6
78 3
77.5
73.7
65.3
46 0
46.9
41.6
43.9
335 4
337.4
340.5
335.4
154
10.0
6.3
13.8
1,584 0
1,594.5
1,607.6
1,607.8
1,528 8
1,529.2
1,528.4
1,568.8
1,541 9
1,554.9
1,568.6
1,585.9
1,579 1
1,577.7
1,576.9
1,600.4
- 0 .5
- 0 .2
6.0
2.7
3.3
0.0
0.1
- 0 .2
11.0
3.4
3.6
4.5
- 0 .3
- 0 .2
6.1
1 9 4 8 :1 ...............
II ..............
I l l.............
I V ............
1,616.1
1,644.6
1,654.1
1,658.0
1,042.6
1,054.3
1,056.1
1,064.8
202.6
215.8
218.3
207.9
62.3
56.4
57.7
55.7
49.5
51.4
54.1
53.2
342.0
358.4
365.5
381.0
16.1
11.1
10.6
1.8
1,614.6
1,625.6
1,628.8
1,643.4
1,606.1
1,647.6
1,658.2
1,664.4
1,604.5
1,628.2
1,632.2
1,649.3
1,626.4
1,655.5
1,665.1
1,669.0
6.5
7.3
2.3
1.0
1.7
2.8
0.8
3.6
9.9
10.7
2.6
1.5
4.8
6.0
1.0
4.2
6.7
7.3
2.3
1.0
1 9 4 9 :1 ...............
I I ..............
Ill .............
I V ............
1,633.2
1,628.4
1,646.7
1,629.9
1,066.1
1,082.6
1,085.0
1,100.2
174.8
150.9
164.3
154.9
62.3
61.8
56.7
49.1
51.6
50.9
48.8
49.5
391.7
409.5
413.7
404.7
-1 0 .1
-2 5 .5
- 2 4 .2
-2 9 .5
1,649.4
1,671.2
1,670.4
1,675.7
1,626.8
1,621.8
1,646.0
1,641.4
1,643.1
1,665.2
1,670.1
1,688.0
1,643.8
1,638.6
1,656.7
1,638.9
-5 .8
- 1 .2
4.6
- 4 .0
1.5
5.4
- 0 .2
1.3
- 8 .7
-1 .2
6.1
-1 .1
- 1 .5
5.5
1.2
4.4
- 5 .9
- 1 .2
4.5
- 4 .2
1 9 5 0 :1 ...............
II..............
I ll.............
I V ............
1,696.8
1,747.3
1,815.8
1,848.9
1,118.9
1,136.8
1,195.3
1,160.1
194.2
215.5
234.8
266.2
48.3
48.9
50.1
54.1
50.9
53.7
66.3
66.4
397.9
404.3
396.7
422.3
-1 1 .6
-4 .5
5.2
12.6
1,703.0
1,748.1
1,811.4
1,792.7
1,712.2
1,766.0
1,848.8
1,876.8
1,718.5
1,766.9
1,844.5
1,819.7
1,706.4
1,757.5
1,827.9
1,860.9
17.4
12.5
16.6
7.5
6.7
11.0
15.3
-4 .1
18.4
13.2
20.1
6.2
7.4
11.7
18.8
- 5 .3
17.5
12.5
17.0
7.4
1 9 5 1 :1 ...............
II ..............
Ill .............
I V ............
1,871.3
1,903.1
1,941.1
1,944.4
1,187.4
1,154.5
1,167.9
1,174.9
237.9
244.0
225.3
206.1
56.9
62.5
64.0
63.4
66.4
64.2
58.8
57.2
467.2
531.4
591.5
623.9
-1 1 .7
-2 5 .1
-4 8 .8
-6 6 .7
1,844.6
1,854.0
1,915.3
1,943.7
1,895.4
1,916.3
1,945.1
1,947.3
1,868.5
1,866.6
1,918.8
1,946.5
1,882.8
1,916.5
1,955.0
1,959.2
4.9
7.0
8.2
0.7
12.1
2.0
13.9
6.1
4.0
4.5
6.1
0.5
11.2
- 0 .4
4.8
7.4
11.7
5.9
8.3
0.8
1 9 5 2 :1 ...............
II ..............
Ill .............
I V ............
1,964.7
1,966.0
1,978.8
2 ,043.8
1,178.1
1,200.7
1,206.0
1,248.3
210.9
193.3
203.5
218.1
66.8
59.4
54.7
55.2
63.9
63.6
67.4
73.4
643.7
665.3
672.0
684.1
-7 0 .9
-8 9 .1
-9 0 .0
-8 8 .5
1,960.4
1,991.3
1,971.5
2,036.6
1,971.5
1,984.0
2,009.3
2,082.4
1,967.1
2,009.8
2,002.1
2,075.3
1,978.6
1,980.1
1,992.6
2,057.4
4.2
0.3
2.6
13.8
3.5
6.5
-3 .9
13.9
5.1
2.6
5.2
15.4
4.3
9.0
- 1 .5
15.4
4.0
0.3
2.6
13.7
1 9 5 3 :1 ...............
I I..............
Ill.............
I V ............
2,082.3
2,098.1
2,085.4
2,052.5
1,263.4
1,271.2
1,268.2
1,259.7
222.5
223.3
218.0
201.0
54.2
54.5
56.7
54.8
71.7
75.4
75.1
71.4
707.1
722.6
713.9
711.9
-9 3 .2
-9 8 .1
-9 6 .3
-1 0 3 .5
2,080.8
2,097.4
2,092.3
2,080.4
2,120.7
2,140.7
2,123.9
2,088.9
2,119.4
2,140.2
2,131.2
2,117.5
2,095.7
2,112.2
2,098.1
2,065.2
7.7
3.1
- 2 .4
-6 .2
9.0
3.2
-1 .0
- 2 .2
7.5
3.8
-3 .1
-6 .4
8.8
4.0
- 1 .7
-2 .5
7.6
3.2
- 2 .6
-6 .1
1 9 5 4 :1 ...............
II..............
I ll.............
I V ............
2,042.4
2,044.3
2,066.9
2,107.8
1,264.3
1,280.1
1,297.1
1,324.0
199.1
198.5
208.7
218.2
52.4
59.9
58.0
60.6
67.3
73.3
68.9
69.6
692.6
668.0
651.9
647.8
-9 8 .7
-8 8 .9
-7 9 .9
-7 3 .2
2,068.1
2 ,075.7
2,095.9
2,130.4
2,077.4
2,075.3
2,095.8
2,134.1
2,103.7
2,107.4
2,125.3
2,157.2
2,056.0
2,057.8
2,080.7
2,123.2
- 2 .0
0.4
4.5
8.2
-2 .3
1.5
4.0
6.8
- 2 .2
-0 .4
4.0
7.5
- 2 .6
0.7
3.5
6.1
- 1 .8
0.3
4.5
8.4
1 9 5 5 :1...............
II..............
Ill.............
I V ............
2,168.5
2,204.0
2,233.4
2,245.3
1,353.5
1,379.1
1,396.1
1,413.3
241.6
256.8
260.4
266.0
62.9
61.4
65.5
65.8
73.7
77.9
79.1
82.0
647.1
640.5
644.5
630.5
-6 2 .9
-5 5 .9
-5 4 .0
-4 8 .3
2,170.9
2,199.1
2,231.1
2,235.5
2,197.3
2,240.7
2,266.1
2,281.1
2,200.0
2,235.9
2,263.9
2,271.4
2,184.2
2,219.5
2,249.0
2,261.3
12.0
6.7
5.4
2.2
7.8
5.3
6.0
0.8
12.4
8.1
4.6
2.7
8.2
6.7
5.1
1.3
12.0
6.6
5.4
2.2
1 9 5 6 :1 ...............
II..............
Ill.............
I V ............
2,234.8
2,252.5
2 ,249.8
2,286.5
1,415.5
1,420.2
1,423.4
1,442.8
257.1
254.1
251.2
248.4
68.9
73.5
76.0
79.4
85.4
85.0
85.8
81.9
630.0
643.3
637.3
653.6
- 5 1 .3
-5 3 .6
- 5 2 .3
-5 5 .8
2,230.3
2,255.1
2,255.9
2 ,294.6
2,269.8
2,280.2
2,274.6
2,302.3
2,265.4
2,283.0
2,281.1
2,310.6
2,252.5
2,269.9
2,267.5
2,302.3
- 1 .9
3.2
- 0 .5
6.7
-0 .9
4.5
0.2
7.0
- 2 .0
1.8
-1 .0
4.9
- 1 .0
3.2
- 0 .3
5.3
- 1 .6
3.1
- 0 .4
6.3
1 95 7 :1 ................
I I ..............
Ill.............
I V ............
2 ,300.3
2,294.6
2 ,317.0
2,292.5
1,452.7
1,455.1
1,467.0
1,467.8
244.3
244.1
249.9
228.7
84.6
82.1
79.8
77.3
88.4
89.1
87.3
87.5
667.2
662.8
668.0
680.2
-6 0 .1
- 6 0 .4
-6 0 .4
-7 4 .0
2,314.8
2 ,305.9
2,323.6
2,323.4
2,316.2
2,315.0
2,339.3
2,318.1
2,331.0
2,326.6
2,346.1
2,349.7
2,318.8
2,314.4
2,335.9
2,307.9
2.4
- 1 .0
4.0
-4 .2
3.6
-1 .5
3.1
0.0
2.4
-0 .2
4.3
-3 .6
3.6
- 0 .7
3.4
0.6
2.9
- 0 .8
3.8
- 4 .7
See the note at the end of the table.
1,1 25.6
1,1 45.4
1,187.3
1,227.0
3.1
3.2
3.0
1.4
2.0
3.9
GDP and Other Major NIPA Series
168
August 2008
T a b le 2 A . R e a l G r o s s D o m e s t ic P r o d u c t — C o n tin u e s
[Billions of chain ed (2 0 0 0 ) dollars; q u arterly estim ates a re seaso n ally ad justed a t an n u al rates]
Exports and imports of
goods and services
Government
consumption
expenditures
and gross
investment
Personal
consumption
expenditures
Gross
private
domestic
investment
2 .230.2
2,24 3.4
2 .295.2
2,34 8.0
1,447.3
1.458.9
1,482.2
1.500.9
211.9
206.7
223.8
244.5
69.7
70.0
70.2
70.1
88.8
92.5
91.3
96.4
672.5
689.4
693.6
708.3
2 ,392.9
2 .455.8
2 .453.9
2 ,46 2 .6
1,525.9
1,551.7
1,569.2
1,571.4
258.0
279.8
260.1
268.8
74.7
77.2
79.6
77.4
98.3
103.3
104.5
101.8
2,51 7.4
2,504.8
2 ,508.7
2,476.2
1,585.6
1,605.1
1,598.5
1,600.3
298.5
268.0
266.4
233.6
87.2
92.7
90.4
92.2
2 ,491.2
2 .538.0
2.579.1
2 ,631.8
1,600.2
1,624.2
1,632.1
1,664.9
239.4
257.3
2 79.0
283.7
2,679.1
2 ,70 8 .4
2 ,733.3
2 ,740.0
1,682.7
1,703.1
1,717.0
1,741.5
2,775.9
2,810.6
2 ,863.5
2 ,885.8
Percent change from preceding period
Final sales of
domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
-8 2 .4
-8 9 .1
-8 3 .3
-7 9 .4
2.263.4
2,274.9
2,307.2
2.350.4
2.267.5
2.284.5
2.335.6
2,395.2
2,301.4
2,316.9
2,348.1
2,398.0
2,246.0
2,259.3
2,310.6
2,363.3
703.7
714.4
723.4
715.6
-7 1 .1
-6 4 .0
-7 3 .9
-6 8 .8
2,396.9
2.440.3
2,471.1
2.462.3
2.436.2
2.502.3
2,498.0
2,507.1
2.440.6
2 .486.6
2,515.7
2,507.0
105.6
106.3
103.1
98.3
701.3
707.0
724.1
729.1
-4 9 .6
-6 1 .7
-6 7 .6
-8 0 .7
2,488.1
2,511.5
2,507.9
2,519.8
2,553.0
2.532.8
2.536.8
2.495.9
91.6
90.3
89.8
92.6
97.8
99.0
105.6
108.1
738.6
740.3
754.9
771.4
-8 0 .8
-7 5 .1
-7 1 .1
-7 2 .7
2.522.0
2.549.1
2,568.9
2,627.3
300.6
2 97.7
302.9
292.6
92.4
101.3
95.6
93.5
111.4
113.8
115.2
116.6
785.2
789.4
807.3
808.5
-7 0 .4
-6 9 .3
-7 4 .3
-7 9 .5
1,753.1
1.770.0
1.794.0
1,809.3
308.9
313.4
323.7
327.8
95.7
106.9
101.2
106.3
113.9
116.6
119.6
119.2
803.6
802.6
837.0
829.4
2.950.5
2 ,984.8
3 .025.5
3 .033.6
1,845.2
1,877.9
1,912.6
1,918.0
341.2
3 39.7
347.7
350.3
112.8
114.7
113.8
117.2
119.1
121.8
125.0
128.4
3.108.2
3.150.2
3,214.1
3,291.8
1,960.3
1.982.0
2.016.0
2 ,072.7
385.8
385.7
399.5
401.4
104.5
124.2
117.1
125.5
3.372.3
3,384.0
3.406.3
3,433.7
2,103.2
2,109.0
2,133.1
2,142.0
435.2
427.3
423.1
425.2
123.3
128.7
I V .............
3.464.1
3 ,464.3
3 ,491.8
3 .518.2
2,154.6
2,183.4
2,194.5
2 ,207.8
1968:1................
I I ..............
I l l .............
I V .............
3,590.7
3 ,651.6
3,676.5
3 ,692.0
................
1 9 6 9 :1
I I ..............
I l l .............
Year and
quarter
Gross
domestic
product
Residual
Gross
national
product
Final sales
of domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
-1 0 .4
2.4
9.6
9.5
-9 .9
2.1
5.8
7.7
- 8 .4
3.0
9.2
10.6
- 8 .0
27
55
8.8
- 1 0 .3
2.4
94
9.4
2.408.1
2.471.1
2 ,470.3
2 ,479.8
7.9
10.9
- 0 .3
1.4
8.1
7.4
5.1
- 1 .4
7.0
11.3
- 0 .7
1.5
7.3
78
4.8
- 1 .4
7.8
10.9
-0 .1
1.6
2.523.3
2,539.8
2,536.0
2.540.3
2,534.1
2,521.8
2 ,526,5
2,494.9
9.2
- 2 .0
0.6
-5 .1
4.3
3.8
- 0 .6
1.9
7.5
-3 .1
0.6
- 6 .3
2.6
2.6
- 0 .6
0.7
9.0
- 1 .9
0.7
- 4 .9
2,511.5
2.562.4
2,612.0
2.664.4
2,543.0
2,573.8
2,601.6
2,659.9
2,510.8
2,556.7
2.598.3
2.651.4
2.4
7.7
6.6
8.4
0.4
4.4
3.1
9.4
2.5
8.4
8.0
8.3
0.4
49
4.4
9.3
2.6
7.5
6.7
8.4
2.659.5
2.704.5
2.725.6
2,744.5
2,716.4
2,736.0
2.771.1
2.782.2
2 ,696.6
2,732.1
2 ,763.3
2,787.1
2 .698.6
2 .729.7
2 ,754.8
2,764.5
7.4
4.4
3.7
1.0
5.0
6.9
3.2
2.8
8.0
2.9
5.2
1.6
5.6
5 .4
4.7
3.5
7.3
4.7
3.7
1.4
-7 1 .5
-6 5 .7
-7 2 .8
-6 7 .8
2,762.8
2,809.7
2.859.4
2.889.5
2,813.0
2,835.2
2,900.4
2,915.5
2,799.7
2.834.2
2.896.3
2,919.2
2,799.4
2,833.3
2,886.6
2,909.6
5.3
5.1
7.7
3.1
2.7
7.0
7.3
4.3
4.5
3.2
9.5
2.1
1.8
5.0
9.1
3.2
5.1
4.9
7.7
3.2
832.3
837.8
838.3
835.9
-6 1 .9
-6 3 .5
-6 1 .9
-5 9 .4
2,952.7
2.988.1
3,025.4
3.033.2
2.972.1
3.007.1
3,053.3
3,060.5
2,974.4
3,010.6
3,053.2
3 ,060.0
2,976.3
3,009.6
3,051.1
3,057.5
9.3
4.7
5.6
1.1
9.0
4.9
5.1
1.0
8.0
4.8
6.3
0.9
7.8
5.0
5.8
0.9
9.5
4.6
5.6
0.8
123.8
138.4
139,0
145.8
834.0
844.6
873.8
892.7
-5 2 .6
-4 7 .9
-5 3 .3
-5 4 .7
3,081.0
3,136.6
3,195.5
3,282.4
3,149.7
3,179.6
3,255.5
3,329.9
3,122.1
3 ,165.8
3 ,236.7
3,320.2
3 ,135.2
3 .178.0
3 .240.0
3,315.7
10.2
5.5
8.4
10.0
6.5
7.4
7.7
11.3
12.2
3.8
9.9
9.5
8.4
5.7
9.3
10.7
10.6
5.6
8.0
9.7
123.9
128.0
149.5
153.2
161.8
163.7
908.7
924.8
949.7
965.1
-4 8 .6
-5 2 .6
-6 1 .7
-6 2 .9
3,337.0
3,352.4
3,380.2
3,389.6
3,418.9
3,427.0
3,465.6
3,489.6
3.383.0
3.395.0
3,439.3
3 ,444.8
3 ,396.9
3,408.7
3,430.4
3,458.9
10.1
1.4
2.7
3.3
6.8
1.9
3.4
1.1
11.1
1.0
4.6
2.8
7.8
1.4
5.3
0.7
10.2
1.4
2.6
3.4
4 13.4
395.8
407.2
416.0
130.4
129.3
126.1
129.7
166.1
164.8
167.1
175.9
1,006.1
1,000.6
1,011.0
1,018.0
-7 4 .3
-8 0 .0
-7 9 .9
-7 7 .4
3.424.2
3.460.2
3,477.8
3,508.2
3,519.6
3,520.1
3,555.1
3,585.7
3.479.1
3.516.2
3,541.0
3 ,576.0
3,489.0
3,488.5
3 ,518.5
3,544.1
3.6
0.0
3.2
3.1
4.1
4.3
2.0
3.5
3.5
0.1
4.0
3.5
4.0
4.3
2.8
4.0
3.5
-0.1
3.5
2.9
2 ,260.3
2.295.1
2 .338.2
2,348.6
425.2
442.3
4 27.9
4 32.3
133.5
136.1
144.1
142.3
186.2
189.1
200.4
198.7
1,035.6
1,040.3
1,042.6
1,043.3
-7 7 .7
-73 .1
-7 5 .9
-7 5 .8
3.581.7
3.617.7
3,669.4
3,692.2
3,664.7
3,726.0
3,751.4
3,768.0
3 ,656.0
3 ,691.8
3 ,744.5
3 ,768.7
3 ,617.2
3,678.7
3,704.4
3,719.6
8.5
7.0
2.7
1.7
8.6
4.1
5.8
2.5
9.1
6.9
2.8
1.8
9.3
4.0
5.8
2.6
8.5
7.0
2.8
1.6
I V .............
3,750.2
3 ,760.9
3 .784.2
3 .766.3
2.375.0
2.390.0
2.401.0
2,419.8
460.8
457.1
467.8
442.7
125.2
153.3
149.6
154.8
180.0
215.5
212.7
210.3
1.044.4
1,040.0
1.041.4
1,026.0
-7 5 .2
-6 4 .0
-6 2 .9
-6 6 .7
3.730.5
3.748.6
3,767.6
3,768.1
3,833.3
3,839.5
3.865.8
3.837.9
3,813.5
3,827.3
3.849.2
3.840.2
3,778.0
3,787.7
3.810.0
3.792.1
6.5
1.1
2.5
-1 .9
4.2
2.0
2.0
0.1
7.1
0.7
2.8
- 2 .8
4.8
1.5
2.3
- 0 .9
6.4
1.0
2.4
-1 .9
................
1 9 7 0 :1
I I ..............
I l l .............
I V .............
3.760.0
3.767.1
3 ,800.5
3 ,759.8
2 ,434.4
2,445.7
2.467.1
2.460.1
428.7
430.2
437.5
4 11.9
156.1
163.0
162.5
164.0
209.7
213.8
213.3
216.7
1,020.5
1,007.3
1,011.8
1,011.8
-7 0 .0
-6 5 .3
-65 .1
-7 1 .3
3.778.0
3.771.0
3,804.6
3,797.2
3,829.0
3.830.8
3,865.2
3.824.8
3.847.8
3 ,835.0
3.869.8
3 ,863.4
3 .786.3
3.794.3
3,827.4
3,784.5
- 0 .7
0.8
3.6
- 4 .2
1.1
- 0 .7
3.6
- 0 .8
-0 .9
0.2
3.6
-4 .1
0.8
- 1 .3
3.7
-0 .7
- 0 .6
0.8
3.5
- 4 .4
1971:1................
I I ..............
I l l .............
3,864.1
3 .88 5 .9
3 ,916.7
3 .927.9
2 .507.4
2 .530.5
2,550.7
2,593.2
465.6
479.9
486.3
471.3
164.6
164.3
171.0
156.7
214.1
230 2
235.3
219.3
995.4
992.3
991.5
984.1
-5 4 .8
-5 0 9
-4 7 5
-58 .1
3,844.7
3,871.3
3,905.2
3,952.5
3,927.8
3 ,966.4
3,993.7
4,008.7
3 .908.4
3 ,951.9
3 .982.4
4 ,034.3
3,893.1
3.916.4
3.944.4
3,957.1
11.6
2 3
3.2
1.1
5.1
2.8
3.5
4.9
11.2
4.0
2.8
1.5
4.7
45
3 1
5.3
12.0
24
2.9
1.3
3,99 7.7
4.092.1
4.131.1
4,19 8 .7
2,627.6
2 ,677.3
2 ,718.4
2 ,781.7
504.4
535.4
542.9
545.5
173.3
168.2
178.4
185.9
251.4
242.5
247.5
258.7
987.7
993.8
973.3
979.4
-4 3 .9
-40 .1
-3 4 .4
-35 .1
4,006.9
4,073.0
4,109.6
4,204.8
4,089.1
4,183.4
4 ,214.4
4 ,284.4
4 .099.0
4 ,164.5
4 .193.0
4.291.1
4.028.1
4.122.1
4,163.5
4,231.0
7.3
9.8
3.9
6.7
5.6
6.8
3.6
9.6
8.3
9.6
3.0
6.8
6.6
6.5
2.8
9.7
7.4
9.7
4.1
6.6
4,305.3
4,355.1
4 ,331.9
4 ,373.3
2 ,832.0
2 .830.5
2 .840.6
2,832.2
580.4
607.4
583.6
606.2
199.6
209.2
209.9
220.2
270.6
262.8
255.6
257.5
988.9
983.1
970.5
977.6
-2 5 .0
-1 2 .3
-1 7 .1
- 5 .4
4.296.4
4.317.4
4,322.6
4,327.3
4,386.9
4 .415.7
4.382.7
4,411.0
4 ,378.2
4 ,377.5
4,373.5
4,364.4
4 .342.5
4.394.6
4,377.8
4,419.5
10.6
4.7
-2 .1
3.9
9.0
2.0
0.5
0.4
9.9
2.6
-3 .0
2.6
8.4
-0 .1
- 0 .4
- 0 .8
11.0
4.9
- 1 .5
3.9
4,33 5.4
4 ,347.9
4 ,30 5 .8
4 ,288.9
2,807.8
2,819.0
2,831.6
2 ,790.8
5 66.9
564.7
533.0
537.9
223.0
233.9
221.3
227.0
2 48.7
261 9
257.4
254.8
998.1
1,004.7
1,006.2
1,009.8
-1 1 .7
-1 2 5
-2 8 .9
-2 1 .8
4,322.7
4 328.7
4,316.3
4,254.5
4 ,355.5
4,369.1
4 ,340.3
4,310.4
4 ,342.6
4 ,349.5
4,350.9
4,275.7
4,389.4
4,399.1
4,352.4
4,329.3
-3 .4
12
- 3 .8
- 1 .6
- 0 .4
0.6
-1 .1
- 5 .6
- 4 .9
13
- 2 .6
- 2 .7
- 2 .0
06
0.1
- 6 .7
- 2 .7
09
-4 .2
-2 .1
4.237.6
4 .268.6
4 ,34 0 .9
4 ,397.8
2 ,814.6
2 ,860.5
2 ,901.2
2,931.4
443.8
427.7
463.9
477.2
228.7
???n
229.3
210.9
228.4
240.6
1,022.1
1,014.2
1,032.2
1,040.9
-4 2 .3
-4 4 .9
-4 6 .2
-4 1 .7
4,287.8
4.331.0
4.370.1
4.421.1
4,219.3
4,235.1
4,339.3
4,394.2
4 .269.3
4.297.4
218.2
230.6
4.368.5
4,417.4
4,271.5
4,302.8
4.377.7
4.441.7
- 4 .7
3.0
6.9
5.4
3.2
4.1
3.7
4.8
- 8 .2
1.5
102
5.2
- 0 .6
2.7
6.8
4.6
-5 .2
3.0
7.1
6.0
4 ,496.8
4 ,53 0 .3
4 ,55 2 .0
4 ,584.6
2 ,989.7
3 ,016.3
3,047.9
3 ,088.0
526.4
549.3
550.0
553.1
229.0
231.3
238.0
240.4
255.7
266.8
277.6
286.8
1,043.4
1,032.0
1,026.6
1,025.8
-3 6 .0
-3 1 .8
-3 2 9
-3 5 .9
4.482.1
4,496.3
4,523.7
4.587.1
4,517.1
4 ,502.2
4 ,528.4
4.560.5
4.633.6
4,539.3
4,574.6
4 596.7
4,630.4
9.3
3.0
19
2.9
5.6
1.3
25
5.7
11.7
4 1
23
3.7
7.9
2.3
29
6.6
9.1
3.1
19
3.0
1 9 5 8 :1
................
I I ..............
I l l .............
I V .............
1959:1................
I I ..............
I l l .............
I V .............
1960:1................
I I ..............
I l l .............
I V .............
1 961:1................
I I ..............
I l l .............
I V .............
1962:1................
I I ..............
I l l .............
I V .............
1 963:1................
II
II I
I V .............
1 9 6 4 :1
................
I I ..............
I l l .............
I V .............
1 9 6 5 :1
.................
I I ..............
I l l .............
I V .............
1966 :1................
I I ..............
I l l .............
I V .............
1 9 6 7 :1
................
I I ..............
I l l .............
I V .............
1972:1................
I I ..............
I l l .............
I V .............
1973:1................
I I ..............
I l l .............
I V .............
1 9 7 4 :I................
I I ..............
I l l .............
I V .............
1975:1................
I I ..............
I l l .............
I V ...........'..
1976:1.................
I I ..............
I l l .............
I V .............
See the note at the end of the table.
Exports
Imports
4 ,562.8
4 ,589 1
4,631.0
Gross
domestic
product
Gross
national
product
August 2008
Su r v e y o f C u r r e n t
169
B u s in e s s
T a b le 2 A . R e a l G r o s s D o m e s t ic P r o d u c t — C o n tin u e s
[Billions of chained (2 0 0 0 ) dollars; q u arterly estim ates a re seaso n ally ad justed a t annu al rates]
Year and
quarter
Gross
domestic
product
Personal
consumption
expenditures
Gross
private
domestic
investment
Exports and imports of
goods and services
Exports
Imports
Government
consumption
expenditures
and gross
investment
Percent change from preceding period
Residual
Final sales of
domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
Gross
national
product
Gross
domestic
product
Final sales
of domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
Gross
national
product
1 9 7 7 :1 ...............
II
III
IV
4 ,640.0
4,731.1
4,815.8
4 ,815.3
3,124.6
3,141.5
3,171.4
3,219.1
580.9
625.5
659.8
641.9
236.6
243.0
244.8
237.0
300.4
303.2
299.0
303.2
1,035.1
1,045.8
1,047.7
1,044.4
-3 6 .8
-2 1 .5
-8 .9
-2 3 .9
4,631.5
4,705.5
4,755.2
4,794.1
4,712.0
4,797.5
4,873.5
4,891.1
4,703.6
4,771.9
4,812.6
4,869.8
4,692.2
4,782.3
4,866.4
4,860.4
4.9
8.1
7.4
0.0
3.9
6.5
4.3
3.3
7.2
7.5
6.5
1.5
6.2
5.9
3.5
4.8
5.4
7.9
7.2
- 0 .5
1 9 7 8 : 1...............
I I ..............
Ill
IV
4 ,83 0.8
5,021.2
5 ,070.7
5,137.4
3,237.3
3,306.4
3,320.8
3,347.8
654.0
699.3
720.6
736.6
242.6
267.8
270.8
281.6
323.5
324.5
328.8
333.4
1,046.1
1,074.3
1,082.9
1,092.7
-2 5 .7
-2 .1
4.4
12.1
4,799.5
4,989.9
5,036.0
5,100.6
4,926.8
5,080.2
5,131.2
5,187.9
4,895.5
5,048.8
5,096.3
5,150.9
4,882.9
5,064.7
5,118.2
5,191.9
1.3
16.7
4.0
5.4
0.5
16.8
3.7
5.2
3.0
13.0
4.1
4.5
2.1
13.1
3.8
4.4
1.9
15.7
4.3
5.9
1 9 7 9 :1 ...............
II
III
IV
5,147.4
5,152.3
5,189.4
5 ,204.7
3,365.3
3,364.0
3,397.3
3,407.1
737.1
735.1
720.6
707.2
281.8
282.5
292.7
311.0
332.4
334.2
329.1
336.3
1,082.9
1,094.4
1,095.9
1,103.1
12.7
10.5
12.0
12,6
5,117.8
5,117.9
5,192.3
5,216.9
5,195.8
5,202.3
5,215.6
5,213.2
5,166.0
5,167.7
5,218.1
5,225.0
5,203.1
5,214.9
5,263.8
5,278.6
0.8
0.4
2.9
1.2
1.4
0.0
5.9
1.9
0.6
0.5
1.0
- 0 .2
1.2
0.1
4.0
0.5
0.9
0.9
3.8
1.1
1 9 8 0 :1 ...............
I I ..............
Ill
IV
5,221.3
5 ,115.9
5,107.4
5,202.1
3,401.7
3,325.8
3,362.0
3,406.8
701.6
638.7
590.3
650.6
319.8
325.8
325.1
323.2
336.6
312.1
289.6
305.2
1,120.8
1,124.3
1,108.8
1,107.7
14.0
13.4
10.8
19.0
5,227.3
5,126.2
5,193.5
5,239.7
5,217.1
5,062.3
5,016.3
5,139.7
5,222.8
5,071.8
5,100.3
5,176.2
5,296.5
5,185.5
5,173.0
5,255.6
1.3
- 7 .8
- 0 .7
7.6
0.8
- 7 .5
5.4
3.6
0.3
-1 1 .3
- 3 .6
10.2
- 0 .2
-1 1 .1
2.3
6.1
1.4
-8 .1
- 1 .0
6.5
1 9 8 1 :1 ...............
II
III
IV
5 ,307.5
5,266.1
5,329.8
5,263.4
3,421.3
3,422.1
3,435.7
3,409.7
716.0
682.2
724.7
696.4
329.2
331.1
324.0
325.5
318.2
318.7
315.1
324.2
1,122.5
1,124.9
1,122.3
1,132.7
36.7
24.5
38.2
23.3
5 ,261.7
5,272.8
5,278.5
5,247.4
5,256.3
5,213.4
5,281.4
5,228.0
5,210.4
5,219.3
5,230.0
5,211.7
5,364.5
5,319.8
5,386.8
5,327.3
8.4
-3 .1
4.9
- 4 .9
1.7
0.8
0.4
- 2 .3
9.4
- 3 .2
5.3
- 4 .0
2.7
0.7
0.8
- 1 .4
8.6
- 3 .3
5.1
- 4 .3
1 9 8 2 :1...............
II
III
IV
5,177.1
5,204.9
5,185.2
5,189.8
3,432.2
3,444.3
3,470.8
3,533.9
623.7
622.9
615.8
561.5
311.4
313.3
299.4
285.7
314.9
309.8
324.1
311.4
1,131.5
1,138.2
1,146.0
1,165.8
- 6 .8
-4 .0
- 2 2 .7
- 4 5 .7
5,232.9
5,230.5
5 ,196.6
5,273.3
5,149.4
5,166.2
5,189.4
5,195.2
5,204.0
5,191.2
5,200.2
5,277.6
5,237.7
5,272.8
5,242.9
5 ,245.3
- 6 .4
2.2
- 1 .5
0.4
-1 .1
- 0 .2
- 2 .6
6.0
-5 .9
1.3
1.8
0.4
- 0 .6
- 1 .0
0.7
6.1
- 6 .6
2.7
- 2 .2
0.2
1 9 8 3 :1 ................
II
III
IV
5,253.8
5 ,372.3
5,4 7 8.4
5 ,590.5
3,568.5
3 ,639.5
3,704.1
3,762.5
581.3
637.7
680.1
750.7
290.3
291.2
295.6
301.5
318.5
343.0
369.7
387.9
1,174.6
1,184.6
1,205.2
1,184.8
- 4 2 .4
- 3 7 .7
-3 6 .9
-2 1 .1
5,329.2
5,404.6
5,505.1
5,577.0
5,263.2
5,414.9
5,552.1
5,680.4
5,337.5
5,446.6
5,578.4
5,666.9
5,308.8
5,430.9
5,538.0
5,652.4
5.0
9.3
8.1
8.4
4.3
5.8
7.7
5.3
5.3
12.0
10.5
9.6
4.6
8.4
10.0
6.5
4.9
9.5
8.1
8.5
1 9 8 4 :1 ...............
II
III
IV
5 ,699.8
5 ,797.9
5,854.3
5 ,902.4
3,794.9
3,849.3
3,879.1
3,930.2
830.1
858.0
878.3
864.3
307.8
315.5
322.4
329.0
419.0
436.6
447.9
461.1
1,196.6
1,222.4
1,231.4
1,257.9
-1 0 .6
-1 0 .7
-9 .0
-1 7 .9
5,614.4
5,717.5
5,770.2
5,854.6
5,823.3
5,934.3
5,996.0
6,052.6
5,738.1
5,854.0
5,912.2
6,004.9
5,757.1
5,855.5
5,911.3
5,953.2
8.1
7.1
3.9
3.3
2.7
7.5
3.7
6.0
10.4
7.8
4.2
3.8
5.1
8.3
4.0
6.4
7.6
7.0
3.9
2.9
1 9 8 5 :1 ...............
II
I I I .............
I V .............
5 ,956.9
6,007.8
6,101.7
6 ,14 8.6
3,996.2
4,032.6
4,109.1
4,118.4
835.2
849.8
840.5
873.5
329.2
328.0
323.2
332.9
450.9
473.1
468.5
486.7
1,272.2
1,300.8
1,334.6
1,342.6
-2 5 .0
-3 0 .3
-3 7 .2
-3 2 .1
5,953.0
5,998.5
6,095.8
6,121.2
6,093.7
6,174.5
6,268.9
6,326.2
6,089.8
6,165.3
6,263.1
6,298.9
5,997.4
6,050.8
6,137.4
6,188.2
3.8
3.5
6.4
3.1
6.9
3.1
6.6
1.7
2.7
5.4
6.3
3.7
5.8
5.1
6.5
2.3
3.0
3.6
5.8
3.4
1 9 8 6 :1 ................
I I ..............
I l l .............
IV .............
6 ,207.4
6 ,232.0
6 ,291.7
6 ,323.4
4,152.7
4,196.7
4,269.5
4,296.7
871.6
852.2
825.4
826.6
343.6
347.3
355.2
368.5
486.5
507.1
521.2
525.4
1,357.1
1,385.9
1,417.5
1,409.6
-3 1 .1
-4 3 .0
-5 4 .7
-5 2 .6
6,184.1
6,230.5
6,317.8
6,355.0
6,370.7
6,416.6
6,483.5
6,503.5
6,347.6
6,415.1
6,509.6
6,535.1
6,242.5
6,257.3
6,320.1
6,342.8
3.9
1.6
3.9
2.0
4.2
3.0
5.7
2.4
2.8
2.9
4.2
1.2
3.1
4.3
6.0
1.6
3.6
1.0
4.1
1.4
1 9 8 7 :1 ................
I I ..............
I l l .............
IV .............
6 ,365.0
6 ,435.0
6 ,49 3.4
6,606.8
4,298.6
4,357.3
4,406.3
4,417.1
852.0
853.2
854.1
920.6
368.7
383.6
400.1
414.9
522.0
535.1
545.5
558.0
1,413.2
1,423.1
1,425.6
1,445.1
-4 5 .5
-4 7 .1
-4 7 .2
-3 2 .9
6,344.4
6,431.4
6,510.8
6,542.5
6,540.5
6,608.1
6,658.8
6,769.1
6,520.1
6,604.6
6,676.1
6,705.1
6,386.8
6,461.8
6,519.5
6,635.4
2.7
4.5
3.7
7.2
- 0 .7
5.6
5.0
2.0
2.3
4.2
3.1
6.8
- 0 .9
5.3
4.4
1.7
2.8
4.8
3.6
7.3
1 9 8 8 :1 ...............
II
I I I .............
I V .............
6,639.1
6 ,723.5
6,759.4
6 ,848.6
4,490.6
4,522.7
4,560.5
4,614.0
868.8
889.9
895.6
907.5
437.8
450.0
458.3
472.4
555.6
549.1
561.9
578.8
1,436.7
1,439.9
1,438.0
1,465.9
-3 9 .2
- 2 9 .9
-3 1 .1
-3 2 .4
6,637.2
6,716.4
6,749.5
6,835.1
6,768.9
6,828.9
6,870.6
6,963.3
6,767.0
6,821.7
6,860.6
6,949.6
6,675.0
6,756.2
6,788.9
6,880.9
2.0
5.2
2.1
5.4
5.9
4.9
2.0
5.2
0.0
3.6
2.5
5.5
3.7
3.3
2.3
5.3
2.4
5.0
2.0
5.5
1 9 8 9 :1 ...............
I I ..............
I l l .............
I V .............
6,918.1
6 ,963.5
7,013.1
7,030.9
4,631.2
4,653.0
4,697.3
4,718.8
942.3
931.3
920.4
910.8
485.9
507.1
513.0
521.4
577.2
585.8
586.5
594.2
1,456.7
1,479.2
1,493.0
1,501.0
-2 0 .8
-2 1 .3
-2 4 .1
-2 6 .9
6,873.3
6,933.6
7,015.3
7,026.8
7,013.1
7,042.4
7,085.4
7,102.4
6,968.4
7,012.5
7,087.4
7,098.1
6,950.1
6,993.9
7,046.2
7,071.4
4.1
2.6
2.9
1.0
2.3
3.6
4.8
0.7
2.9
1.7
2.5
1.0
1.1
2.6
4.3
0.6
4.1
2.5
3.0
1.4
1 9 9 0 :1 ...............
I I ..............
I l l .............
I V .............
7,112.1
7,130.3
7 ,130.8
7,076.9
4,757.1
4,773.0
4,792.6
4,758.3
920.0
920.1
898.4
841.8
543.6
550.5
555.1
560.7
607.3
614.1
613.2
593.8
1,524.2
1,526.8
1,526.7
1,542.2
-2 5 .5
-2 6 .0
-2 8 .8
-3 2 .3
7,110.6
7,103.8
7,118.3
7,101.3
7,172.2
7,190.4
7,184.3
7,099.4
7,170.5
7,163.8
7,171.7
7,123.4
7,150.0
7,169.9
7,163.9
7,137.1
4.7
1.0
0.0
- 3 .0
4.9
- 0 .4
0.8
- 1 .0
4.0
1.0
- 0 .3
- 4 .6
4.1
- 0 .4
0.4
- 2 .7
4.5
1.1
- 0 .3
- 1 .5
1 9 9 1 :1 ................
I I ..............
I l l .............
I V .............
7,04 0.8
7 ,086.5
7 ,120.7
7,154.1
4,738.1
4,779.4
4,800.1
4,795.9
807.3
803.5
823.5
854.7
563.2
583.8
597.8
611.6
581.5
598.1
613.9
621.2
1,548.4
1,553.7
1,546.6
1,540.4
-3 4 .7
-3 5 .8
-3 3 .4
-2 7 .3
7,071.5
7,120.2
7,134.6
7,133.8
7,045.3
7,086.6
7 ,123.4
7,149.3
7,075.5
7,119.9
7,136.8
7,128.7
7,087.0
7,119.1
7,149.3
7,191.8
- 2 .0
2.6
1.9
1.9
- 1 .7
2.8
0.8
0.0
- 3 .0
2.4
2.1
1.5
- 2 .7
2.5
1.0
- 0 .5
- 2 .8
1.8
1.7
2.4
1 9 9 2 :1 ...............
I I ..............
I l l .............
IV
7,228.2
7 ,297.9
7,369.5
7,450.7
4,875.0
4,903.0
4,951.8
5,009.4
835.8
890.7
900.2
929.1
621.9
622.2
6 35.6
639.1
626.6
642.4
651.4
662.1
1,552.3
1,550.7
1,559.0
1,559.3
-3 0 .2
- 2 6 .3
-2 5 .7
-2 4 .1
7,239.3
7,284.3
7,360.5
7,440.3
7,217.2
7,305.2
7,371.7
7,461.3
7,228.1
7,291.3
7,362.3
7,450.4
7,265.5
7,334.5
7,402.6
7,485.0
4.2
3.9
4.0
4.5
6.0
2.5
4.2
4.4
3.9
5.0
3.7
4.9
5.7
3.5
4.0
4.9
4.2
3.9
3.8
4.5
1 9 9 3 :1 ...............
II
I I I .............
I V .............
7 ,459.7
7,497.5
7 ,536.0
7 ,637.4
5,027.3
5,071.9
5,127.3
5,172.9
950.3
957.8
957.8
1,007.3
639.9
647.4
645.7
667.0
677.2
696.0
705.1
730.1
1,543.0
1,541.4
1,537.0
1,542.7
-2 3 .6
-2 5 .0
- 2 6 .7
- 2 2 .4
7,431.2
7,483.7
7,540.6
7,633.7
7,487.0
7,538.1
7,588.9
7,694.4
7,458.4
7,523.9
7,593.0
7,690.4
7,502.4
7,532.8
7,577.7
7,661.5
0.5
2.0
2.1
-0 .5
2.9
3.1
1.4
2.8
2.7
5.5
5.0
5.7
0.4
3.6
3.7
5.2
0.9
1.6
2.4
4.5
See the note at the end of the table.
GDP and Other Major NIPA Series
170
August 2008
T a b le 2 A . R e a l G r o s s D o m e s t i c P r o d u c t — T a b le E n d s
[Billions of chained (2 0 0 0 ) dollars; q u arterly estim ates a re seaso n ally adjusted at annual rates]
Exports and imports of
goods and services
Government
consumption
expenditures
and gross
investment
Personal
consumption
expenditures
Gross
private
domestic
investment
7,715.1
7,815.7
7 ,859.5
7 ,951.6
5 ,230.3
5 ,268.0
5 .305.7
5.358.7
1,050.6
1,112.0
1,092.4
1,143.2
672.8
695.0
721.0
737.3
746.5
778.1
800.0
819.2
1,527.1
1,533.7
1,558.8
1,545.5
7 ,973.7
7,988.0
8,053.1
8,112.0
5,367.2
5 ,411.7
5,458.8
5,496.1
1,154.6
1,123.8
1,113.1
1,144.4
750.5
761.0
794.5
806.6
836.5
848.7
851.7
859.7
8 ,169.2
8,303.1
8,372.7
8,470.6
5 ,544.6
5,604.9
5,640.7
5,687.6
1,160.2
1,220.0
1,280.8
1,276.1
816.4
830.3
837.3
889.5
8,536.1
8,665.8
8,773.7
8,838.4
5,749.1
5,775.8
5,870.7
5,931.4
1,302.9
1,389.6
1,417.5
1,440.7
8 .936.2
8.99 5.3
9 ,098.9
9,237.1
5 ,996.8
6,092.1
6.165.7
6.248.8
9 .315.5
9.392.6
9 ,502.2
9,671.1
Percent change from preceding period
Final sales of
domestic
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
-1 9 .2
-1 4 .9
-1 8 .4
-1 3 .9
7,677.5
7,737.2
7,814.3
7,882.3
7 .784.3
7.895.4
7,935.0
8,030.5
7,746.6
7,817.0
7,889.7
7,961.1
7,747.2
7,843.7
7,886.8
7,979.2
1,551.9
1,558.2
1,553.2
1,535.5
-1 4 .0
- 1 8 .0
-1 4 .8
-1 0 .9
7,918.7
7,962.3
8,055.0
8,104.8
8 ,057.4
8 ,073.8
8,104.1
8,158.6
8,002.3
8,047.9
8,105.8
8,151.0
884.6
911.4
941.6
954.4
1,544.9
1,570.3
1,565.1
1,579.2
-1 2 .3
-1 1 .0
- 9 .6
- 7 .4
8,175.4
8,285.8
8,319.9
8,444.7
8,233.0
8 ,381.4
8,476.7
8,532.0
905.7
941.8
964.2
963.2
994.7
1.034.8
1,073.0
1.090.9
1,581.6
1,598.1
1,598.5
1,597.9
-8 .5
- 4 .7
-4 .2
-3 .9
8,507.3
8,574.6
8,705.7
8,758.6
1,515.8
1,491.7
1,525.8
1,563.0
967.4
957.0
952.9
988.7
1.131.1
1.162.1
1,176.9
1,211.0
1,589.1
1,621.4
1,636.0
1,651.1
-1 .8
-4 .8
- 4 .6
-3 .5
6,311.3
6,409.7
6 .476.7
6 .556.8
1,606.6
1,607.8
1.647.4
1.708.4
980.1
991.2
1,017.4
1,044.1
1,242.2
1,286.4
1,331.3
1,357.9
1,662.2
1,672.3
1.693.1
1.720.2
9 ,695.6
9,847.9
9,836.6
9,887.7
6 .661.3
6 .703.3
6,768.0
6 ,825.0
1,678.0
1,788.6
1,742.6
1,732.7
1,060.9
1,092.0
1,120.0
1,112.3
1.411.5
1.466.5
1.515.6
1,509.5
9 ,875.6
9,905.9
9,871.1
9,910.0
6,853.1
6,870.3
6.900.5
7 .017.6
1.670.3
1.637.4
1,592.6
1.493.4
1,097.2
1,060.6
1,008.7
980.3
9,977.3
10,031.6
10,090.7
10,095.8
7.042.2
7,083.5
7.123.2
7.148.2
1,541.7
1,549.0
1,570.9
1,567.0
992.8
1,018.0
1.025.2
1.017.2
7 .184.9
7,249.3
7 .352.9
7 ,394.3
1,561.8
1,574.4
1,639.7
1,676.5
1,003.3
I V .............
10,126.0
1 0,212.7
10,398.7
10,467.0
2 00 4:1................
I I ..............
I l l .............
I V .............
10.543.6
10,634.2
10.728.7
10,796.4
7,475.1
7 ,520.5
7 ,585.5
7 ,664.3
1.685.3
1.766.3
1,800.5
1,828.8
1,101.8
1,119.4
2 00 5:1 .................
I I ..............
I l l .............
I V .............
10,875.8
10,946.1
11.050.0
11.086.1
7,697.5
7 ,766.4
7,838.1
7,864.9
2 00 6:1 ................
I I ..............
I l l .............
I V .............
11.217.3
11,291.7
11,314.1
11.356.4
2 00 7:1 ................
I I ..............
I l l .............
Year and
quarter
Gross
domestic
product
Residual
Gross
national
product
Gross
domestic
purchases
Final sales
to domestic
purchasers
4.1
5.3
2.3
4.8
2.3
3.1
4.0
3.5
4.8
5.8
2.0
4.9
3.0
3.7
3.8
3.7
4.6
5.1
2.2
4.8
8,014.3
8,032.0
8,081.0
8,152.0
1.1
0.7
3.3
3.0
1.9
2.2
4.7
2.5
1.3
0.8
1.5
2.7
2.1
2.3
2.9
2.3
1.8
0.9
2.5
3.6
8,238.9
8,363.8
8,423.9
8,505.9
8,213.3
8,337.6
8,402.7
8,507.6
2.9
6.7
3.4
4.8
3.5
5.5
1.7
6.1
3.7
7.4
4.6
2.6
4.4
6.2
2.9
4.0
3.0
6.2
3.2
5.1
8.623.8
8 .757.9
8,882.1
8,966.5
8,595.0
8,666.5
8,814.0
8,886.4
8.566.0
8.707.0
8,808.7
8,868.1
3.1
6.2
5.1
3.0
3.0
3.2
6.3
2.5
4.4
6.4
5.8
3.9
4.3
3.4
7.0
3.3
2.8
6.8
4.8
2.7
8,821.1
8,948.7
9,038.4
9,182.2
9,101.1
9,202.5
9,325.3
9,461.4
8.985.9
9.155.9
9,264.9
9,406.4
8,965.5
9,022.2
9,112.2
9,255.2
4.5
2.7
4.7
6.2
2.9
5.9
4.1
6.5
6.1
4.5
5.4
6.0
4.6
7.8
4.8
6.3
4.5
2.6
4.0
6.4
-2 .5
-2 .0
-1 .1
- 0 .5
9.239.7
9.353.7
9,453.5
9 ,569.3
9,579.6
9,689.1
9 ,816.7
9,985.4
9,503.6
9,650.1
9,768.1
9,883.5
9,346.7
9,429.1
9,532.7
9,710.4
3.4
3.4
4.8
7.3
2.5
5.0
4.3
5.0
5.1
4.7
5.4
7.1
4.2
6.3
5.0
4.8
4.0
3.6
4.5
7.7
1,707.3
1,730.5
1,721.5
1,727.1
- 0 .4
0.0
0.1
0.1
9,668.8
9 ,748.4
9,780.4
9,844.3
10,046.5
10,222.4
10,232.1
10,284.7
10,019.6
10,122.9
10,176.0
10,241.4
9,729.0
9,885.3
9,867.8
9,941.6
1.0
6.4
- 0 .5
2.1
4.2
3.3
1.3
2.6
2.5
7.2
0.4
2.1
5.6
4.2
2.1
2.6
0.8
6.6
- 0 .7
3.0
1,495.4
1,445.8
1,407.1
1,394.9
1,749.6
1,783.0
1,776.1
1,8 12.7
0.8
0.4
0.3
0.9
9,883.2
9 ,908.7
9 ,899.9
9 ,992.3
10.273.2
10.291.3
10,270.1
10,325.6
10,280.8
10,294.2
10,299.1
10,408.4
9,913.6
9,949.8
9,887.7
9,983.1
- 0 .5
1.2
- 1 .4
1.6
1.6
1.0
- 0 .4
3.8
- 0 .4
0.7
- 0 .8
2.2
1.5
0.5
0.2
4.3
-1 .1
1.5
- 2 .5
3.9
1,434.0
1,476.9
1,497.4
1,530.2
1,8 32.0
1,853.4
1,863.9
1,885.8
2.6
4.6
4.9
7.8
9 ,986.8
10,028.4
10,063.5
10,067.3
10,418.0
10,488.5
10,560.4
10,604.1
10,427.5
10,485.3
10,533.1
10,575.4
10,004.1
10,048.6
10,119.7
10,143.8
2.7
2.2
2.4
0.2
-0 .2
1.7
1.4
0.1
3.6
2.7
2.8
1.7
0.7
2.2
1.8
1.6
0.8
1.8
2.9
1.0
1,510.5
1,525.9
1,540.0
1,603.6
1,879.3
1.907.5
1.914.5
1,918.0
7.2
8.4
5.3
6.0
10,100.9
10,213.7
10,385.9
10,440.0
10,629.0
10,734.6
10,908.7
10,989.5
10,603.9
10,735.6
10,895.9
10,962.4
10.163.8
10.266.9
10,449.9
10,540.5
1.2
3.5
7.5
2.7
1.3
4.5
6.9
2.1
0.9
4.0
6.6
3.0
1.1
5.1
6.1
2.5
0.8
4.1
7.3
3.5
1,650.9
1,710.5
1,730.8
1,787.7
1,925.4
1,931.8
1,939.4
1,930.6
6.9
6.7
6.1
5.1
10,507.1
10,568.5
10,666.6
10,737.0
11,086.3
11,216.9
11,322.8
11,419.2
11,049.6
11,150.9
11,260.5
11,359.7
10,633.0
10,701.4
10,804.9
10,844.4
3.0
3.5
3.6
2.5
2.6
2.4
3.8
2.7
3.6
4.8
3.8
3.4
3.2
3.7
1,128.0
1,155.3
4.0
3.6
3.6
2.6
3.9
1.5
1,869.1
1.844.8
1.862.8
1,917.3
1,177.9
1,203.1
1,204.3
1,235.7
1,801.7
1,804.4
1,807.9
1,873.6
1,929.6
1,934.0
1,950.4
1,941.9
3.4
2.2
2.3
-0 .1
10,799.3
10,925.9
11,035.5
11,028.4
11,490.6
11,539.4
11,645.4
11,716.2
11.413.8
11.518.9
11,630.5
11,658.4
10.968.4
11.028.4
11,140.7
11,151.2
3.0
2.6
3.8
1.3
2.3
4.8
4.1
- 0 .3
2.5
1.7
3.7
2.5
1.9
3.7
3.9
1.0
4.7
2.2
4.1
0.4
7,947.4
8,002.1
8,046.3
8,119.9
1.946.3
1.944.3
1,917.8
1,841.6
1.284.3
1.301.4
1,312.6
1,361.1
1,920.2
1,920.9
1,935.7
1,945.3
1.960.5
1.966.6
1,974.9
1,982.7
- 1 .0
-1 .8
-1 .8
-3 .6
11,167.6
11,232.1
11,257.8
11,339.7
11,846.2
11,904.4
11,930.6
11,935.6
11.796.5
11.844.6
11,874.1
11,918.6
11,286.5
11,365.1
11,370.8
11,426.5
4.8
2.7
0.8
1.5
5.1
2.3
0.9
2.9
4.5
2.0
0.9
0.2
4.8
1.6
1.0
1.5
4.9
2.8
0.2
2.0
I V .............
11,357.8
11,491.4
11,625.7
11,620.7
8.197.2
8.237.3
8,278.5
8 ,298.2
1.795.9
1.822.9
1,838.7
1,781.3
1.363.2
1.392.2
1.466.2
1,482.1
1,981.8
1.963.4
1,978.0
1.966.5
1,987.1
2 ,006.4
2,025.3
2 ,029.4
-3 .8
-4 .0
- 5 .0
- 3 .8
11.370.5
11.490.5
11,605.0
11,628.0
11,970.9
12,058.2
12,135.1
12,103.2
11,983.2
12,057.0
12,114.1
12,109.8
11,419.1
11,541.7
11,719.9
11,758.3
0.1
4.8
4.8
- 0 .2
1.1
4.3
4.0
0.8
1.2
2.9
2.6
- 1 .0
2.2
2.5
1.9
-0 .1
- 0 .3
4.4
6.3
1.3
2 00 8 :1 ................
||
11,646.0
11,700.6
8,316.1
8,347.5
1,754.7
1,686.0
1,500.6
1,534.1
1,962.6
1,929.2
2,039.1
2,056.3
- 1 .9
5.9
11,653.7
11,764.4
12,105.8
12,090.3
12,113.3
12,153.0
11,760.9
0.9
1.9
0.9
3.9
0.1
- 0 .5
0.1
1.3
0.1
1 994:1................
I I ..............
I l l .............
I V .............
1 995:1................
I I ..............
I l l .............
I V .............
1 996:1................
I I ..............
I l l .............
I V .............
1 9 9 7 :1................
I I ..............
I l l .............
I V .............
................
1 9 9 8 :1
I I ..............
I l l .............
I V .............
1 9 9 9 :1
................
I I ..............
III
I V
2 0 0 0 :1
................
I I ..............
I l l .............
I V .............
2 00 1:1 ................
I I ..............
I l l .............
I V .............
2 00 2:1 ................
I I ..............
I l l .............
I V .............
2 00 3:1 ................
I I ..............
I l l .............
990
9.
1,026.3
1,075.8
Imports
Note. The residual is the difference between gross domestic product and the sum of the detailed components shown in this table.
Gross
domestic
product
Gross
national
product
Final sales
of domestic
product
Exports
August 2008
171
S u r v e y o f C u r r e n t B u s in e s s
T a b le 2 B . R e a l G r o s s D o m e s t ic P r o d u c t , Q u a n t i t y In d e x e s — C o n tin u e s
[Index num bers, 2 0 0 0 = 1 0 0 ; quarterly e stim ates a re seaso n ally adjusted]
Personal consumption expenditures
Year and
quarter
Gross
domestic
product
Government consumption
Exports and imports
of goods and services expenditures and gross investment
Gross private domestic investment
Fixed investment
Total
Durable
goods
Nondurable
goods
Nonresidential
Services
Total
Exports
Total
Total
Imports
Total
Federal
Equipment Residential
Structures
and
software
State and
local
Final sales
of
domestic
product
Gross
national
product
1 9 2 9 ...................
8 .813
9.814
4.153
15.102
8.399
5.259
7.120
5.742
27.415
2.597
13.092
3.185
3.002
7.005
3.562
11.386
8.960
8.854
1 9 3 0 ...................
1 9 3 1 ...................
1 9 3 2 ...................
1 9 3 3 ...................
1 9 3 4 ...................
8.054
7.537
6 .557
6.473
7.173
9 .290
9.005
8.206
8.028
8.595
3.423
2.926
2.193
2.151
2.485
14.394
14.323
13.153
12.956
14.066
8.190
7.930
7.431
7.213
7.488
3.508
2.204
0.665
0.981
1.771
5.456
3.784
2.202
1.946
2.516
4.732
3.100
1.857
1.676
2.134
23.456
15.098
9.257
7.193
8.101
2.059
1.374
0.805
0.824
1.139
7.958
6.656
3.515
2.871
3.931
2.632
2.188
1.714
1.725
1.917
2.611
2.278
1.890
1.969
2.012
7.719
8.042
7.774
7.503
8.463
3.945
4.084
4.174
5 .162
6.925
12.534
13.077
12.466
11.142
11.714
8 .348
7.862
6.971
6.760
7.399
8.095
7.566
6.579
6.488
7.181
1 9 3 5 ...................
1 9 3 6 ...................
1 9 3 7 ...................
1 9 3 8 ...................
1 9 3 9 ...................
7.812
8.828
9.281
8.961
9.684
9.123
10.046
10.417
10.249
10.819
3.034
3.723
3.923
3.204
3.807
14.907
16.655
17,251
17.492
18.397
7.721
8.104
8.380
8.289
8.541
3.279
4.203
5.249
3.469
4.461
3.260
4.340
5.088
4.031
4.838
2.703
3.654
4 .377
3.209
3.581
8.978
11.773
14.932
11.942
12.599
1.552
2.129
2.475
1.723
1.989
5.499
6.964
7.573
7.614
10.786
2.021
2.123
2.675
2.646
2.793
2.636
2.605
2.932
2.279
2.393
8.694
10.147
9 .718
10.465
11.387
7.046
10.638
9.579
10.580
11.345
12.088
12.158
12.157
12.868
14.145
7.860
8.896
9.268
9.135
9.809
7.824
8.830
9 .293
8.976
9.699
1 9 4 0 ...................
1 9 4 1 ...................
1 9 4 2 ...................
1 9 4 3 ...................
1 9 4 4 ...................
10.534
12.337
14.622
17.021
18.402
11.382
12.195
11.917
12.258
12.615
4.387
5.090
3.101
2.713
2.480
19.218
20.512
20.867
21.559
22.413
8.848
9.296
9.716
10.252
10.598
6.215
7.590
4.011
2.368
2.926
5.812
6.632
3.743
2.889
3.547
4.433
5.219
3.072
2.568
3.410
14.312
16.994
10.506
7.635
9.998
2.577
3.022
1.733
1.557
2.082
12.164
12.925
6.538
3.884
3.345
3.177
3.258
2.152
1.814
1.948
2.451
3.014
2.736
3.450
3.611
11.707
12.701
33.520
102.955
162.866
185.910
13.679
19.465
45.806
68.151
76.701
12.810
11.618
10.557
10.183
10.476
12.162
14.705
17.352
18.764
10.537
12.348
14.624
17.012
18.391
1 9 4 5 ...................
1 9 4 6 ...................
1 9 4 7 ...................
1 9 4 8 ...................
1 9 4 9 ...................
18.196
16.190
16.039
16.738
16.651
13.395
15.030
15.307
15.646
16.077
2.798
5.319
6.355
6.774
7.327
24.020
25.331
24.643
24.726
25.108
10.947
11.947
12.451
12.927
13.260
3 .863
9.914
9.525
12.168
9.290
4.856
8.971
10.792
11.885
10.865
4.791
7.065
8.222
8.652
7.858
13.480
26.624
2 4.223
25.483
24.638
2.982
3.718
5.055
5.320
4.663
3.933
16.564
21.348
25.543
23.613
2.729
5.895
6.721
5.294
5.244
3.839
3.182
3.021
3.525
3.401
66.969
23.046
19.584
21.010
23.518
159.700
42.998
31.776
34.286
37.627
10.534
11.584
13.197
14.036
16.173
18.611
16.048
16.377
16.681
17.076
18.178
16.194
16.067
16.782
16.685
1 9 5 0 ...................
1 9 5 1 ...................
1 9 5 2 ...................
1 9 5 3 ...................
1 9 5 4 ...................
18.104
19.507
20 .2 54
21.183
2 1.039
17.105
17.378
17.928
18.780
19.162
8.942
8.147
7.929
8.910
8.876
25.892
26.572
27.627
28.494
28.853
13.925
14.639
15.283
15.933
16.578
13.118
13.156
11.896
12.457
11.878
12.976
12.429
12.195
13.048
13.251
8.581
8.977
8.803
9.595
9.389
26.406
28.421
28.313
30.831
31.886
5.147
5.297
5.144
5.611
5.296
32.308
27.046
26.562
27.502
29.782
4.592
5.627
5.384
5.023
5.266
4.020
4.178
4.545
4.972
4.727
23.542
32.150
38.700
4 1.466
38.631
35.565
59.001
76.755
82.937
72.040
17.499
17.635
17.927
18.816
20.461
18.071
19.358
2 0.3 88
21.389
21 .439
18.143
19.566
20 .314
2 1.2 3 4
21.098
1 9 5 5 ...................
1 9 5 6 ...................
1 9 5 7 ...................
1 9 5 8 ...................
1 9 5 9 ...................
22.541
22.979
2 3.440
2 3.217
2 4.868
20 .558
21.151
21.674
21.846
2 3.067
10.845
10.407
10.501
9.656
10.822
30.250
31.281
31.857
32.164
33.491
17.448
18.323
19.030
19.752
20.794
14.764
14.562
13.929
12.776
15.367
14.977
15.034
14.872
13.806
15.736
10.430
11.025
11.193
9.964
10.760
34.176
37.760
37.743
35.680
36.530
6.022
6.182
6.343
5.418
6.065
34.607
31.790
29.846
30.159
37.820
5.829
6.791
7.383
6.385
7.043
5.297
5.727
5.967
6.251
6.908
37.213
37.235
3 8.890
40.133
4 1.489
65.507
64.343
6 6.624
66.579
68.666
21.936
22.645
23.986
26.022
26.999
22 .634
23 .1 44
23 .738
23 .554
2 5.026
22.611
2 3.063
23.531
23 .2 83
2 4.933
1 9 6 0 ...................
1 9 6 1 ...................
1 9 6 2 ...................
1 9 6 3 ...................
1 9 6 4 ...................
2 5.4 84
2 6.0 77
2 7.658
2 8.8 68
30.545
23.702
24.191
25.389
2 6.436
28.020
11.041
10.622
11.865
13.017
14.222
33.994
34.621
35.710
36.463
38.248
21.720
22.626
23.747
24.830
26.345
15.362
15.261
17.197
18.351
19.863
15.870
15.820
17.248
18.584
20.378
11.371
11.299
12.284
12.966
14.504
39.433
39.966
41.775
42.239
46.626
6.322
6.200
6.917
7.500
8.457
35.129
35.227
38.604
43.154
45.662
8.266
8.309
8.729
9.353
10.454
7.000
6.953
7.742
7.951
8.374
41.553
43.639
46.329
47.522
48.563
66.779
69.564
75.492
75.540
74.530
28.182
29.918
30.839
32.696
34.913
25 .683
26 .298
2 7.750
28 .998
30.735
25.562
26 .170
27.769
28 .9 90
30 .678
1 9 6 5 ...................
1 9 6 6 ...................
1 9 6 7 ...................
1 9 6 8 ...................
1 9 6 9 ...................
3 2.506
34.625
35.496
3 7.2 08
38.356
29.791
3 1.484
3 2.422
3 4.284
35.558
16.025
17.377
17.648
19.594
20.289
40.277
42.487
43.157
45.126
46.326
27.749
29.129
30.552
32.148
33.691
22.650
2 4.644
23.517
2 4.887
26.338
22.459
23.745
23.306
24.935
26.486
17.031
19.160
18.900
19.746
2 1.246
54.058
57.751
56.284
57.102
60.189
10.007
11.609
11.532
12.250
13.334
44.329
40.362
39.092
44.421
45.733
10.747
11.492
11.757
12.681
13.294
9.265
10.642
11.417
13.118
13.866
50.028
54.430
58.604
60.436
60.290
74.508
8 2.737
90.960
91.681
88.525
37.252
39.590
41.589
44.048
4 5.534
32 .517
3 4.474
3 5.527
37 .296
38 .458
3 2.6 4 3
34.738
3 5.614
3 7.338
3 8.474
1 9 7 0 ...................
1 9 7 1 ...................
1 9 7 2 ...................
1 9 7 3 ...................
1 9 7 4 ...................
3 8.422
3 9.713
4 1.815
4 4.224
44.001
36.381
3 7.770
40.082
4 2.048
4 1.729
19.631
21.593
24.336
26.849
25.001
47.436
48.294
50.422
52.068
5 1.020
35.038
36.400
38.469
40.274
41.216
24.608
2 7.413
3 0.658
34.249
3 1.729
25.931
27.894
31.246
34.101
31.971
2 1.134
21.135
23.072
26.429
26.653
60.364
59.370
61.201
66.200
64.785
13.201
13.332
15.052
17.812
18.268
42.998
54.789
64.526
64.112
5 0.877
14.723
14.973
16.096
19.131
20.643
14.457
15.229
16.943
17.729
17.327
58.833
57.553
57.128
56.926
58.360
81.997
75.686
72.574
69.519
70.134
46.797
48.232
49.291
50.694
52.603
38 .806
39 .889
41 .992
4 4.218
4 4.112
3 8.537
3 9.852
41 .9 67
4 4.47 7
4 4.3 1 4
1975 ...................
1 9 7 6 ...................
1 9 7 7 ...................
1 9 7 8 ...................
1 9 7 9 ...................
4 3.916
4 6.256
48.391
51.085
5 2.699
4 2.688
45.041
4 6.950
49.012
5 0.204
24.996
28.187
30.809
32.435
32.325
51.771
54.301
5 5.609
57.687
59.226
42.743
44.475
46.392
48.558
50.044
26.111
3 1.387
36.130
40.486
41.776
28.541
31.356
35.863
40.205
42.473
24.022
2 5.200
28.045
32.243
35.489
57.984
59.390
61.841
70.769
79.731
16.529
17.562
20.208
23.284
25.318
44.271
54.698
66.440
70.623
68.032
20.512
21.408
21.923
24.234
26.637
15.402
18.413
20.426
22.196
22.565
59.675
59.940
60.598
62.383
63.549
70.360
70.388
71.880
73.681
75.465
54.536
54.937
5 5.137
56.938
57.775
4 4.593
46 .3 33
48 .375
5 1.038
5 2.879
44.120
4 6.5 2 3
4 8.705
51.384
53.167
1 9 8 0 ...................
1 9 8 1 ...................
1982 ...................
1 9 8 3 ...................
1 9 8 4 ...................
52.579
53.904
5 2.860
5 5.249
5 9.220
5 0.065
5 0.779
51 .493
54.436
5 7.325
29.788
30.149
30.128
34.535
39.577
5 9.137
59.839
60.409
62.417
6 4.898
50.921
51.773
52.865
55.760
58.026
37.182
40.615
34.918
38.172
49.420
39.708
40.591
37.737
40.491
47.331
35.388
37.398
35.981
35.518
41.788
84.350
91.074
89.528
79.865
91.016
24.407
25.445
24.122
25.420
30.462
53.636
49.336
40.378
57.093
65.566
29.506
29.868
27.586
26.875
29.068
21.066
21.620
21.348
24.041
29.893
64.790
65.381
66.530
68.964
71.273
79.043
82.818
8 6.018
91.726
94.550
5 7.736
56.577
56.607
57.268
59.322
53 .242
53 .943
5 3.618
5 5.878
5 8.800
5 3.0 4 0
5 4.279
5 3 .265
55 .627
59.551
1985 ...................
1 9 8 6 ...................
1 9 8 7 ...................
1988 ...................
1 9 8 9 ...................
6 1.666
6 3.804
6 5.958
6 8.684
71.116
6 0.303
62.749
6 4.840
6 7.468
69.369
43.577
47.785
48.616
51.549
52.686
6 6.665
69.060
70.715
7 3.016
75.044
61.303
63.111
65.843
68.506
70.555
48.963
48.629
50.130
51.309
53.369
4 9.823
50.403
50.682
52.352
53.928
44.561
43.287
97.502
86.817
84.340
84.885
86.583
32.397
33.011
33.463
35.987
38.624
66.604
74.776
76.269
75.496
73.204
29.951
32.259
3 5.742
41.469
46.233
31.833
34.561
36.602
38.039
39.706
76.240
80.885
82.873
83.940
86.110
101.957
107.754
111.674
109.898
111.594
6 3.003
67.064
68.041
70.582
7 2.994
61.904
64.257
6 6.157
6 8.998
71.331
61 .825
6 3.826
6 5.9 5 9
6 8 .743
7 1 .180
1 9 9 0 ...................
1 9 9 1 ...................
1992 ...................
1 9 9 3 ...................
1 9 9 4 ...................
72.451
7 2.329
74.734
76.731
7 9.816
70.782
7 0.903
7 3.224
75.672
7 8.504
52.532
49.564
52.470
56.577
61.321
76.209
7 6.033
77.553
79.619
82.369
72.583
73.812
76.379
78.540
80.854
51.574
47.378
51.223
55.795
63.358
52.803
4 9.379
52.312
56.788
62.079
48.302
45.712
47.179
51.287
87.867
78.091
73.423
72.891
74.180
38.636
37.643
40.387
45.428
50.846
66.887
60.460
68.825
74.446
81.621
5 0.394
53.736
57.439
59.291
64.447
4 1.139
40.905
43.748
47.576
5 3.256
88.869
89.872
90.342
89.513
89.525
113.873
113.679
111.713
107.056
103.050
75.991
77.600
7 9.318
80.459
8 2.543
7 2.829
72.896
75.110
77.069
7 9 .687
7 2 .598
72.411
7 4.796
7 6.793
79.792
1 9 9 5 ...................
1 9 9 6 ...................
1 9 9 7 ...................
1 9 9 8 ...................
1 9 9 9 ...................
8 1.814
84.842
8 8.658
92.359
96.469
8 0.623
83.382
8 6.533
9 0.896
95.537
64.011
69.025
74.935
83.432
93.192
84.152
86.300
88.605
92.154
96.374
82.973
85.420
88.270
92.011
95.652
65.340
71.123
79.961
87.821
94.647
66.090
72.018
78.657
86.657
9 3.884
78.903
83.354
89.432
94.019
93.619
56.930
62.981
71.641
81.137
91.437
79.005
85.331
86.947
93.597
99.254
70.982
57.539
62.544
71.037
79.299
88,391
90.015
90.896
92.588
94.354
97.987
100.254
76.930
86.082
88.164
91.969
84.728
86.668
89.770
93.014
97.409
8 2.068
85.103
88.485
92.184
96.348
81.878
84.876
88.652
92.216
96.437
43.259
45.520
48.063
55.999
61.885
67.661
75.820
84.232
91.980
99.091
98.066
96.970
99.122
172
GDP and Other Major NIPA Series
August 2008
T a b le 2 B . R e a l G r o s s D o m e s t ic P r o d u c t , Q u a n t i t y In d e x e s — C o n tin u e s
[Index num bers, 2 0 0 0 = 1 0 0 ; q u arterly estim ates are seaso n ally adjusted]
Personal consumption expenditures
Year and
quarter
Gross
domestic
product
Exports and imports
Government consumption
of goods and services expenditures and gross investment
Gross private domestic investment
Fixed investment
Total
Durable
goods
Nondurable
goods
Nonresidential
Services
Total
Exports
Total
Total
Imports
Total
Federal
Equipment Residential
Structures
and
software
State and
local
Final sales
of
domestic
product
Gross
national
product
2 0 0 0 ....................
2 0 0 1 ....................
2 0 0 2 ....................
200 3
200 4
100.000
100.751
102.362
104.931
108.748
100.000
102.537
105.340
108.249
112.197
100.000
104.327
111.752
118.214
125.652
100.000
102.027
104.614
108.002
111.833
100.000
102.403
104.366
106.363
109.726
100.000
92.103
89.724
92.949
102.003
100.000
97.047
91.997
95.110
102.012
100.000
95.817
86.969
87.804
92.873
100.000
97.737
81.029
77.735
78.760
100.000
95.136
8 9.265
91.747
98.505
100.000
100.357
105.149
113.977
125.343
100.000
94.565
92.430
93.599
102.723
100.000
97.291
100.601
104.693
116.546
100.000
103.412
107.969
110.644
112.210
100.000
103.908
111.169
118.712
123.693
100.000
103.162
106.354
106.557
106.384
100.000
101.644
102.828
105.375
108.804
100.000
100.788
102.264
105.067
109.031
20 0 5
20 0 6
2 0 0 7 ....................
111.944
115.054
117.388
115.615
119.135
122.456
131.397
137.274
143.908
115.687
119.930
122.872
112.525
115.298
118.259
107.953
110.200
104.278
108.984
111.109
107.717
99.520
106.987
112.244
79.747
86.318
97.264
107.695
115.467
117.412
133.226
123.728
101.534
109.942
119.937
130.068
123.455
130.815
133.654
112.626
114.497
116.871
125.181
128.019
130.078
106.256
107.642
110.167
112.159
115.254
118.062
112.340
115.284
117.795
1 9 4 7 :1
.................
I ! ..............
I l l .............
15.998
15.979
15.972
16.206
15.094
15.343
15.395
15.397
6.115
6.233
6.317
6.756
24.353
24.788
24.881
24.551
12.349
12.509
12.494
12.453
9.808
9.032
8.738
10.521
10.594
10.314
10.663
11.599
8.337
8.206
8.044
8.301
24.330
24.202
24.361
23.999
5.150
5.041
4.872
5.156
19.615
18.639
21.495
25.644
7.140
7.065
6.719
5.960
3.119
3.177
2.818
2.972
19.479
19.596
19.777
19.482
32.008
32.060
32.079
30.958
12.860
13.035
13.339
16.229
16.336
16.471
13.555
16.473
16.022
16.008
16.000
16.238
16.462
16.753
16.849
16.889
15.471
15.644
15.671
15.799
6.702
6.753
6 .874
6.765
24.553
24.804
24.597
24.950
12.682
12.864
13.030
13.131
11.675
12.436
12.581
11.982
11.991
11.979
11.851
11.717
8.818
8.509
8.530
8.750
24.501
25.177
25.934
26.322
5.590
5.218
5.152
5.318
25.339
26.816
25.966
24.053
5.686
5.147
5.264
5.078
3.351
3.484
3.664
3.602
19.865
20.819
21.229
22.130
32.003
33.947
34.650
36.543
13.534
13.923
14.170
14.515
16.542
16.655
16.688
16.837
16.502
16.797
16.894
16.934
16.637
16.588
16.774
16.603
15.819
16.064
16.099
16.325
6.609
7.226
7.594
7.880
25.076
25.133
24.936
25.289
13.200
13.287
13.254
13.298
10.072
8.696
9.466
8.925
11.044
10.696
10.670
11.048
8.334
8.008
7.611
7.479
25.807
25.216
24.101
23.428
4.982
4.740
4.490
4.440
22.236
21.858
23.728
26.629
5.687
5.641
5.171
4.479
3.498
3.446
3.305
3 .354
22.750
23.784
24.030
23.506
37.258
38.666
38.257
36.329
15.114
15.976
16.642
16.959
16.899
17.122
17.114
17.168
16.678
16.626
16.809
16.629
17.284
17.799
18.497
18.834
16.602
16.868
17.736
17.214
8.195
8.245
10.318
9.011
25.593
25.869
26.332
25.775
13.493
13.884
14.081
14.243
11.188
12.417
13.530
15.336
11.753
12.841
13.800
13.513
7.693
8.380
9.132
9.118
24.564
25.794
27.285
27.983
4.517
5.026
5.566
5.477
29.663
32.533
34.324
32.714
4.403
4.457
4.571
4.937
3.448
3.639
4.492
4.499
23.110
23.486
23.041
24.531
34.586
35.354
34.122
38.200
17.380
17.527
17.541
17.550
17.448
17.910
18.558
18.367
17.313
17.832
18.546
18.881
19.062
19.386
19.773
19.807
17.619
17.130
17.330
17.434
9.285
7.901
7.732
7.671
26.429
26.129
26.716
27.014
14.484
14.584
14.717
14.771
13.708
14.058
12.980
11.877
13.008
12.412
12.212
12.086
8.881
9.004
9.106
8.918
28.068
29.022
28.849
27.746
5.245
5.255
5.370
5.316
30.965
26.802
25.094
25.323
5.191
5.698
5.836
5.784
4.499
4.350
3 .982
3.879
27.136
30.867
34.355
36.241
45.637
55.391
64.871
70.103
17.378
17.674
17.759
17.730
18.899
18.995
19.623
19.914
19.103
19.445
19.836
19.878
2 0.013
2 0.027
20 .157
20 .819
17.481
17.816
17.895
18.522
7.749
7.883
7.369
8.714
2 6.838
27.471
27.914
28.284
14.972
15.166
15.374
15.618
12.152
11.139
11.728
12.567
12.228
12.397
11.636
12.521
8.952
9.052
8.234
8.975
27.774
27.980
28.213
29.285
5.346
5.418
4.617
5.197
25.989
26.463
26.196
27.602
6.089
5.421
4.994
5.031
4.329
4.307
4.569
4.976
37.388
38.642
39.035
39.737
73.279
76.155
78.162
79.423
17.785
18.164
17.673
18.088
20.085
20.402
20.199
20.866
20.075
2 0.090
20 .217
20.875
21.211
2 1.372
2 1.243
20.908
18.747
18.863
18.818
18.692
9.045
8.991
8.939
8.667
28.504
28.631
28.428
28.412
15.749
15.965
16.058
15.959
12.822
12.864
12.563
11.579
13.026
13.096
13.106
12.965
9.469
9.533
9.749
9.631
30.177
30.749
30.921
31.475
5.564
5.560
5.747
5.572
28.031
28.113
27.048
26.818
4.942
4.975
5.174
5.001
4.857
5.107
5.088
4.838
41.070
41.973
41.469
41.351
82.438
85.031
82.723
81.556
18.477
18.446
18.940
19.400
21.319
21 .4 89
21.436
21.315
2 1.263
21.431
21.288
2 0.954
20 .805
20 .824
21.054
21.471
18.760
18.994
19.246
19.646
8 .393
8.820
8.859
9.432
28.622
28.523
28.890
29.376
16.144
16.480
16.756
16.933
11.475
11.439
12.024
12.573
12.759
12.969
13.487
13.789
9.343
9.245
9.498
9.470
3 1.783
32.012
31.944
31.805
5.264
5.147
5.392
5.382
27.098
28.862
30.621
32.547
4 .780
5.464
I l l .............
IV .............
5.289
5.532
4.557
4 .968
4.669
4.715
4 0.230
38.800
37.866
37.628
77.171
73.018
69.400
68.572
20.096
20.177
20.737
20.833
21.189
21.266
21 .473
21 .827
20.861
20.879
21.111
21.542
1 9 5 5 :1
.................
I I ..............
I l l .............
I V .............
22 .089
22.451
22 .750
22 .872
2 0.083
2 0.464
20 .716
20.971
10.307
10.888
11.257
10.928
29.596
30.105
30.337
30.962
17.200
17.311
17.474
17.806
13.921
14.799
15.007
15.328
14.347
14.963
15.293
15.306
9.640
10.247
10.770
11.065
32.801
33.610
34.720
35.572
5.430
5.912
6.282
6.465
34.965
35.482
34.728
33.254
5 .737
5.604
5.973
6.001
4 .993
5.276
5.363
5.556
37.585
37.206
37.437
36.623
66.931
65.391
66.093
63.614
21.7 08
21.993
21.957
22.087
22 .242
22.531
22.859
2 2.904
22.161
22.519
22.819
22.944
1956:1.................
I I ..............
I l l .............
22 .765
22 .945
22 .917
23.291
2 1.003
2 1.073
21.120
21.409
10.413
10.429
10.224
10.562
31.273
31.189
31.215
31.447
17.988
18.198
18.420
18.687
14.813
14.644
14.477
14.316
14.981
15.101
15.078
14.976
10.859
11.029
11.119
11.093
36.676
37.985
38.232
38.146
6.146
6.160
6.217
6.203
32.377
32.181
31.548
31.055
6.283
6.706
6.931
7.243
5.790
5.760
5.811
5.547
36.594
37.369
37.015
37.962
63.112
64.791
63.617
65.854
22.3 27
22.601
22.710
22.942
22 .850
23 .104
23.113
23.509
22.854
23.031
23.007
23.360
23.432
2 3.374
23.602
23 .352
21.556
21.591
21.768
21 .780
10.781
10.507
10.420
10.296
3 1.550
3 1.703
32.166
32.008
18.804
18.952
19.068
19.296
14.075
14.064
14.398
13.179
14.974
14.830
14.979
14.704
11.172
11.143
11.377
11.081
37.815
37.788
37.792
37.578
6.315
6.289
6.511
6.255
30.610
29.872
29.471
29.429
7.715
7.486
7.275
7 .055
5.989
6.035
5.916
5.930
38.752
38.499
38.800
39.511
67.051
65.997
66.250
67.197
23.519
23.720
24.054
24.64 9
23.716
2 3.625
23.806
2 3.8 04
23.527
23.482
23.701
23.416
2 2.718
2 2.852
2 3.3 8 0
23 .918
21.475
21.647
21.993
22 .270
9 .596
9.432
9.619
9.977
31.625
3 1.855
32.393
32.782
19.342
19.673
19.941
20.052
12.210
11.909
12.897
14.089
13.795
13.404
13.595
14.432
10.280
9.837
9.689
10.050
3 6.868
35.650
3 4.833
35.370
5.585
5.303
5.253
5.531
28.263
28.334
30.400
33.638
6 .356
6 .386
6 .407
6.390
6.014
6.271
6.186
6.532
39.060
40.045
40.286
41.142
64.759
66.859
66.576
68.121
25.347
25.712
26.275
26.756
23.189
23.307
23.638
24.081
22.788
22.923
23.444
23 .979
2 4.375
2 5.016
24 .9 97
25 .085
22.641
23.025
23 .284
23.317
10.544
10.954
11.178
10.610
3 3.126
33.413
33.598
33.827
20.276
20.671
20.978
21.252
14.865
16.121
14.989
15.491
15.320
15.817
16.010
15.796
10.365
10.682
11.020
10.976
35.247
36.332
37.410
37.132
5.836
6.014
6.211
6.200
37.467
38.796
38.063
36.954
6.811
7.038
7.260
7.062
6.658
7.002
7.078
6.896
40.874
41.499
42.020
41.564
67.009
68.614
70.027
69.013
26.968
27.042
27.0 66
26.920
24.557
25.002
25.317
25.227
24.433
25.072
25.064
25.161
25.643
25 .5 15
25 .555
25 .2 24
2 3.527
2 3.8 17
2 3.719
2 3.746
10.971
11.224
11.135
10.836
3 3.810
34.205
33.966
33.997
21.505
21.711
21.720
21.944
17.198
15.443
15.348
13.458
16.347
16.017
15.589
15.527
11.398
11.574
11.286
11.226
38.677
3 9.133
39.214
40.708
6.426
6.540
6.266
6.054
38.014
34.888
33.830
33.784
7.951
8 .455
8.242
8.414
7.155
7.201
6.987
6.658
40.737
41.067
42.061
42.349
6 5.886
65.633
67.682
67.915
27.389
28.0 58
28.476
28.803
25.492
25.731
25.694
25.816
25.711
2 5.587
25.634
25 .3 14
2 5.376
25 .8 53
26 .272
2 6.809
2 3.744
2 4.100
2 4.217
2 4.704
10.198
10.414
10.670
11.204
34.220
3 4.579
34.598
35.086
22.177
22.581
22.669
23.077
13.792
14.828
16.075
16.349
15.331
15.557
15.929
16.464
10.988
11.216
11.307
11.686
40.524
39.843
39.853
39.645
5.855
6.135
6.218
6.590
33.915
34.037
35.876
37.079
8.355
8.239
8.195
8.449
6.625
6 .709
7.154
7.325
42.902
42.999
43.848
44.806
67.827
68.443
70.382
71.606
29.736
29.5 37
29.787
30.61 3
25.839
26 .1 17
25.475
25.941
26.363
26.902
I V .............
1948 :1................
II
II I
I V .............
1949:1.................
II
II I
I V .............
1950 :1.................
I I ..............
I l l .............
I V .............
1951 :1.................
I I ..............
I l l .............
I V .............
1952:1.................
I I ..............
I l l .............
I V .............
1 9 5 3 :1.................
I I ..............
I l l .............
I V .............
1 9 5 4 :1
.................
I I ..............
I V .............
1 9 5 7 :1.................
I I ..............
I l l .............
I V .............
1958:1.................
II
II I
I V .............
1959:1.................
I I ..............
I l l .............
I V .............
1960:1.................
I I ..............
I l l .............
I V .............
1961:1.................
I I ..............
I l l .............
I V .............
26 .319
26.918
August 2008
173
S u r v e y o f C u r r e n t B u s in e s s
Table 2B. Real Gross Domestic Product, Quantity Indexes—Continues
[In d e x n u m b e rs, 2 0 0 0 = 1 0 0 ; q u a rte rly e s tim a te s are s e a s o n a lly a d ju ste d ]
Personal consumption expenditures
Year and
quarter
Gross
domestic
product
Exports and imports
Government consumption
of goods and services expenditures and gross investment
Gross private domestic investment
Fixed investment
Total
Durable
goods
Nondurable
goods
Nonresidential
Services
Total
Exports
Total
Total
Structures
Imports
Total
Federal
State and
local
Final sales
of
domestic
product
Gross
national
product
Equipment
and
software
Residential
8.428
9.236
8.720
8.531
7.547
7.711
7.808
7.904
45.608
45.853
46.891
46.963
74.255
74.553
76.781
76.378
30.395
30.614
31 .004
31.343
27.248
27 .709
27.925
28.119
27.381
2 7.696
27.951
28.049
1 9 6 2 : 1...
11..
III.
IV.
27.291
27 .589
2 7.8 43
27.911
2 4.968
25.271
2 5.477
25.840
11.455
11.751
11.853
12.402
35.399
35.566
35.829
36.045
23.285
23.656
23.866
24.180
17.322
17.152
17.454
16.861
16.817
17.326
17.466
17.381
11.959
12.315
12.474
12.389
40.383
41.850
42.956
41.912
6.764
6.937
6.968
7.000
37.747
38.929
38.896
38.845
1 96 3:1 ...
11..
III.
IV.
28 .277
28.630
29.169
29 .396
2 6.013
2 6.263
2 6.620
2 6.846
12.674
12.958
13.106
13.330
36.196
36.349
36.641
36.665
24.293
24.564
25.058
25.405
17.802
18.059
18.652
18.889
17.583
18.398
18.875
19.478
12.369
12.764
13.150
13.581
40.446
42.351
42.648
43.510
7.138
7.300
7.627
7.935
40.249
43.144
43.942
45.280
8.731
9.753
9.232
9.695
7.721
7.903
8.104
8.077
46.680
46.619
48.615
48.174
74.532
73.839
77.930
75.857
31.932
32 .222
33 .083
33.545
28.306
28.786
29.296
29.604
2 8.403
28 .747
29 .288
29.521
1 9 6 4 : 1...
11..
III.
IV.
30.055
30.404
30.819
30.902
2 7.379
2 7.864
28.380
2 8.459
13.833
14.195
14.674
14.186
37.355
38.044
38.731
38.861
25.792
26.160
26.527
26.900
19.659
19.573
20.034
20.187
20.219
20.165
20.488
20.638
13.918
14.273
14.758
15.066
44.633
46.150
47.673
48.049
8.127
8.294
8.580
8.828
48.054
45.635
44.889
44.071
10.289
10.460
10.379
10.688
8.070
8.251
8.472
8.702
48.347
48.662
48.694
48.551
75.458
74.959
74.379
73.324
34 .044
34.825
35 .205
35 .578
30.252
30.614
30 .9 96
31.076
30 .198
30 .536
30 .957
31 .022
1 9 6 5 :1...
11..
III.
IV.
31.661
32.089
32.740
33.532
2 9.087
2 9.409
2 9.914
3 0.755
15.553
15.584
16.137
16.825
39.308
39.748
40.326
41.727
27.158
27.538
27.919
28.382
22.229
22.222
23.017
23.131
21.579
22.182
22.781
23.292
16.079
16.684
17.313
18.048
50.514
54.030
54.587
57.103
9.507
9.684
10.214
10.625
44.224
4 4.570
4 4.745
4 3.776
9.535
11.325
10.677
11.451
8.388
9 .378
9.417
9.877
48.442
49.061
50.755
51.854
7 2.424
7 2.548
75.473
77.588
35.915
36.825
37.861
3 8.408
31.566
3 2.136
3 2.739
33.629
31 .810
32.245
32.874
33.642
1 9 6 6 :1 ...
11..
III.
IV.
3 4.352
34.471
3 4.698
3 4.977
3 1.208
31.294
3 1.652
3 1.783
17.640
16.901
17.483
17.484
42.106
42.476
42.765
42.601
2 8.644
2 8.990
29.242
29.641
25.075
24.622
24.381
24.501
24.166
23.851
23.843
23.121
18.837
19.128
19.361
19.312
58.472
57.333
58.594
56.605
11.218
11.627
11.702
11.889
44.770
41.179
39.840
35.660
11.249
11.742
11.301
11.674
10.130
10.382
10.965
11.090
52.780
53.716
55.166
56.058
79.344
81.447
84.734
85.424
38.884
39.184
39 .636
40.655
34.189
3 4.347
3 4.632
34.728
34.466
34.585
34.806
35.095
1 96 7:1 ...
11..
Ill
IV,
3 5.287
3 5.289
3 5.569
35.838
31 .970
32.398
32.563
32.759
17.152
17.915
17.748
17.779
42.928
43.134
43.163
43.403
30.003
30.367
30.799
31.039
23.822
22.808
23.465
23.971
22.576
23.155
23.383
24.112
18.901
18.835
18.741
19.125
57.185
55.563
56.152
56.237
11.426
11.554
11.394
11.754
34.588
38.520
40.451
42.808
11.899
11.791
11.504
11.832
11.257
11.170
11.320
11.921
58.440
58.123
58.725
59.129
91.281
89.964
91.385
91.210
41 .1 58
41 .3 8 3
4 1.545
4 2.269
35.082
35.451
35.631
3 5.943
35.400
35.395
35.699
35.959
1 9 6 8 : 1...
II.
Ill
IV.
3 6.576
3 7.197
3 7.450
37.608
33 .539
34.055
34.695
34.849
18.920
19.280
20.155
20.021
44.356
44.921
45.619
45.610
31.438
31.966
32.387
32.800
24.498
25.486
24.656
24.909
24.699
24.571
24.930
25.539
19.732
19.388
19.644
2 0.222
57.370
56.875
56.503
57.659
12.204
11.931
12.223
12.644
4 3.069
4 4.157
4 4.950
45.510
12.176
12.418
13.148
12.981
12.618
12.811
13.580
13.465
60.156
60.429
60.560
60.600
92.783
92.027
91.249
90.665
4 3.010
43 .8 46
44.477
44 .8 59
36.696
3 7.065
3 7.594
3 7.8 28
36.701
37.325
37.586
37.740
1 96 9 :1 ..
II.
III
IV
38.201
3 8.310
3 8.548
3 8.365
3 5.240
3 5.463
3 5.626
3 5.906
20.392
20.326
20.270
20.169
4 6.047
46.275
46.351
46.631
33.140
3 3.500
33.831
34.292
2 6.550
26.340
2 6.953
2 5.509
26.345
26.462
26.907
26.232
20.820
2 1.048
21.620
21.496
58.542
59.024
61.817
61.373
13.121
13.284
13.498
13.432
4 7.149
4 6.642
46.262
4 2.879
11.423
13.983
13.648
14.121
12.197
14.602
14.412
14.253
60.666
60.407
60.491
59.597
90.179
88.729
88.790
86.401
4 5.226
4 5.604
4 5.700
4 5.605
38.220
3 8.406
38.601
38.606
38.332
38.431
3 8.657
38.475
1 97 0 :1 ..
II.
III
IV
38.301
3 8.373
3 8.714
3 8.299
3 6.122
36.290
3 6.607
3 6.503
19.814
20.016
20.071
18.624
4 7.113
47.210
4 7.523
4 7.897
34.611
34.800
35.234
35.508
2 4.704
2 4.787
2 5.207
2 3.735
26.134
25.555
26.007
26.026
21.366
21.252
60.889
60.265
60.494
59.806
13.365
13.332
13.407
12.700
4 2.964
21.359
20.558
40.101
4 2.237
4 6.689
14.243
14.870
14.821
14.958
14.207
14.487
14.455
14.681
59.278
58.511
58.769
58.773
84.701
82.037
80.841
80.409
4 6.0 2 6
46.278
4 7.323
47.561
3 8.707
38.635
3 8.980
3 8.904
38.417
3 8.498
38.834
38.398
1 97 1 :1 ..
11..
III
IV
39.361
3 9.583
3 9.897
40.011
37.205
3 7.548
3 7.847
3 8.479
20.720
21.189
21.748
22.716
4 8.060
4 8.236
4 8.240
48.639
35.808
36.175
36.520
37.098
2 6.827
2 7.650
2 8.020
2 7.156
26.614
27.708
28.236
29.018
20.752
21.051
21.138
21.599
5 9.647
59.479
59.260
59.094
12.910
13.230
13.348
13.840
49.182
54.145
56.813
59.015
15.014
14.984
15.600
14.293
14.506
15.601
15.946
14.863
57.821
57.639
5 7.592
57.161
77.278
76.170
75.824
73.473
4 7.7 7 7
4 8.098
4 8.217
4 8.835
3 9.390
3 9.663
4 0.010
4 0.495
39.500
39.737
40.021
40.150
1 9 7 2 :1..
II.
III
IV
40.722
4 1.6 8 4
42.081
4 2.770
38.989
3 9.726
4 0.336
4 1.276
23.268
23.835
24.456
25.783
4 8.948
5 0.150
5 0.858
51.732
37.685
38.150
38.651
39.389
29.065
3 0.850
31.282
3 1.434
30.312
30.852
31.187
32.631
22.316
22.692
23.042
24.239
60.644
6 0.985
6 1.104
62.071
14.355
14.691
15.032
16.129
62.951
64.185
64.335
66.634
15.807
15.347
16.272
16.960
17.038
16.432
16.773
17.529
57.370
5 7.723
5 6.533
5 6.887
73.778
74.945
70.904
70.670
4 8.996
48.892
49.291
4 9.985
41.052
4 1.730
4 2.104
4 3.080
40 .8 70
41 .8 24
42.244
42.929
1 9 7 3 :1 ..
II.
III
IV
43.856
4 4.363
4 4.127
4 4.548
42.021
4 1.999
4 2.149
4 2.024
27.426
27.070
26.794
26.106
52.300
51.852
5 2.157
51.964
39.779
40.212
40.454
40.652
33.441
3 4.997
33.628
34.931
34.018
34.310
34.209
33.865
25.381
26.413
26.855
27.067
64.098
66.105
6 7.607
66.992
17.026
17.809
18.049
18.367
68.871
65.370
62.599
59.607
18.204
19.082
19.147
20.089
18.339
17.810
17.318
17.450
57.442
57.105
5 6.374
56.783
71.829
70.731
67.737
67.777
50.2 10
50.296
50.824
5 1.447
4 4.018
4 4.233
4 4.2 87
4 4.335
4 4.060
4 4.589
44.418
44.841
1 9 7 4 :1..
II.
III
IV
44.162
44.290
43.861
4 3.689
41.662
4 1.829
4 2.016
4 1.410
25.442
25.593
25.758
23.209
5 1.284
5 1.104
51.208
5 0.486
40.671
41.088
41.337
41.769
3 2.668
3 2.538
30.715
3 0.994
3 3.067
32.592
3 2.019
3 0.207
27.038
26.979
26.666
25.926
66.614
66.348
63.465
62.714
18.391
18.368
18.494
17.819
55.238
52.826
51.083
44.361
20.344
21.334
20.184
20.710
16.855
17.750
17.440
17.265
57.976
58.361
58.448
58.655
69.921
69.796
70.144
70.676
52.123
52.791
5 2.734
52.763
4 4.288
4 4.349
4 4.222
4 3.589
4 4.536
4 4.6 34
4 4.160
4 3.926
1 9 7 5 :1 ..
II.
III
IV
4 3.166
43.482
4 4.218
44.798
41.764
42.445
4 3.048
4 3.496
23.698
24.136
25.699
26.450
5 0.696
5 1.793
5 2.220
5 2.377
42.146
42.612
42.860
43.355
25.571
24.645
2 6.730
2 7.499
2 8.354
2 7.958
28.659
29.192
24.331
23.698
23.919
24.139
59.487
5 7.244
57.585
57.618
16.624
16.300
16.482
16.710
41.621
42.516
45.479
47.471
20.857
20.249
19.908
21.034
15.535
14.290
15.478
16.304
59.367
5 8.913
59.955
6 0.463
69.865
69.304
71.047
71.224
5 4.328
5 3.927
5 4.595
5 5.293
4 3.930
4 4.373
4 4.773
4 5.296
4 3.3 40
4 3.6 57
4 4.417
4 5.066
1 9 7 6 : 1..
II.
III
IV
4 5.806
4 6.148
4 6.369
46.701
44.362
4 4.757
4 5.225
4 5.820
27.823
27.937
28.258
28.730
5 3.415
5 4.130
5 4.592
5 5.064
43.823
44.108
44.628
45.341
30.334
31.650
31.694
31.871
30.407
3 0.923
31.244
32.849
24.583
24.877
25.418
25.921
59.191
5 9.003
59.592
59.776
16.938
17.279
17.762
18.268
52.323
53.827
52.947
59.693
20.887
21.099
21.712
21.933
17.325
18.076
18.814
19.437
6 0.607
59.943
59.628
59.583
70.555
70.406
70.206
70.385
55.890
54.933
5 4.549
5 4.376
45.921
4 6.066
4 6.347
4 6.997
4 6.057
4 6.415
4 6.639
46.981
1 97 7:1 ..
II.
III
IV
47.265
4 8.193
49.056
49.051
46.363
4 6.614
4 7.058
4 7.765
29.943
30.623
31.031
31.641
5 5.388
5 5.285
55.377
5 6.388
45.702
45.992
46.680
47.193
33.474
36.040
38.019
36.988
34.037
35.935
36.406
37.075
26.928
27.705
28.293
29.254
59.588
61.801
62.754
63.223
19.368
19.849
20.328
21.286
61.496
68.532
68.316
67.416
21.581
22.162
22.333
21.615
20.358
20.545
20.258
20.544
6 0.124
60.747
60.858
60.663
70.971
72.140
72.558
7 1.849
54.902
55.225
55.165
55.256
4 7.4 52
4 8.210
4 8.719
4 9.117
4 7 .6 0 8
48.522
4 9.376
4 9.315
1 9 7 8 : 1..
II.
III
IV
49.209
5 1.148
51.652
52.332
48 .036
49.061
4 9.275
49 .675
30.808
33.214
32.737
32.982
56.738
57.360
57.974
58.676
47.895
48.538
48.775
49.023
37.687
40.293
41.524
42.442
37.377
4 0.094
41.240
42.111
29.534
32.030
33.165
34.244
63.082
69.265
73.823
76.908
21.610
23.300
23.782
24.444
67.751
71.007
71.994
71.741
22.125
24.431
24.700
25.683
21.922
21.992
22.280
22.590
60.762
62.402
62.898
63.468
7 2.103
73.822
7 4.075
74.723
55.270
5 6.890
5 7.529
5 8.065
4 9.173
5 1.124
51 .596
52.258
49 .543
51.388
51 .930
52.678
174
GDP and Other Major NIPA Series
August 2008
Table 2B. Real Gross Domestic Product, Quantity Indexes—Continues
[Inde x num b e rs, 2 0 0 0 = 1 0 0 ; q u a rte rly e s tim a te s are s e a s o n a lly a d ju ste d ]
Personal consumption expenditures
Year and
quarter
Gross
domestic
product
Exports and imports
Government consumption
of goods and services expenditures and gross investment
Gross private domestic investment
Fixed investment
Total
Durable
goods
Nondurable
goods
Nonresidential
Services
Exports
Total
Total
Total
Structures
Imports
Total
Federal
Equipment Residential
and
software
State and
local
Final sales
of
domestic
product
Gross
national
product
50.169
50.509
42.474
42.356
41.521
40.752
42.443
42.108
42.870
42.471
35.005
34.895
35.980
36.074
76.484
77.588
81.192
83.661
25.347
25.036
25.608
25.280
70.063
68.756
67.938
65.370
25.704
25.772
26.698
28.373
22.523
22.648
22.302
22.785
62.901
63.566
63.656
64.072
74.835
75.759
75.637
75.628
57.108
57.638
57.8 48
58.505
5 2.434
5 2.435
5 3.197
53.449
5 3.408
5 3.558
59.690
58.918
58.812
59.128
50.637
50.338
50.969
51.738
40.430
36.800
34.011
37.487
41.870
38.227
38.601
40.133
36.464
34.614
34.872
35.603
84.947
83.064
83.466
85.924
25.487
23.775
23.992
24.374
60.372
49.200
50.040
54.931
29.169
29.716
29.655
29.482
22.809
21.148
19.626
20.682
65.104
65.307
64.405
64.342
78.045
80.010
78.926
79.189
58.783
58.013
57.197
56.952
5 3.556
5 2.520
53.209
53.683
53.739
5 2.613
5 2.486
5 3.324
31.185
29.919
30.889
28.602
59.679
59.861
59.862
59.953
51.422
51.852
51.863
51.954
41.259
39.312
41.759
40.130
40.425
40.692
40.696
40.550
36.176
36.903
37.800
38.712
85.843
89.087
91.335
98.029
25.033
25.259
25.855
25.633
53.946
52.122
48.102
43.174
30.030
30.198
29.556
29.689
21.561
21.599
21.354
21.965
65.199
65.340
65.192
65.794
80.837
83.239
83.149
84.046
57.381
56.281
56.100
56.547
53.908
54.022
54.080
53.762
54.429
5 3.9 76
5 4.656
5 4.052
5 0.9 27
5 1.107
51.501
5 2.436
29.588
29.674
29.912
31.339
60.024
60.118
60.454
61.041
52.186
52.455
52.940
53.879
35.936
35.895
35.484
32.357
39.307
37.940
36.883
36.820
37.780
36.437
35.209
34.498
94.904
91.778
86.699
84.732
25.158
24.214
23.778
23.338
40.686
39.400
39.275
42.152
28.408
28.574
27.306
26.057
21.340
20.990
21.962
21.099
65.725
66.112
66.565
67.716
84.162
84.934
86.213
88.764
56.374
56.552
56.555
56.948
5 3.613
53.589
53.241
54.027
5 3.143
53.499
5 3.196
5 3.220
5 3.518
54.725
55.805
5 6.947
5 2.950
5 4.003
5 4.962
55.829
31.630
34.013
35.351
37.144
61.344
61.954
62.872
63.499
54.599
55.388
56.204
56.849
33.497
36.746
39.191
43.254
37.632
39.081
41.414
43.836
33.860
34.269
35.813
38.127
81.298
77.448
79.258
81.456
23.267
24.453
25.871
28.092
49.335
55.180
60.647
63.208
26.477
26.559
26.960
27.503
21.583
23.243
25.054
26.284
68.228
68.808
70.003
68.817
89.837
91.744
94.318
91.004
57.1 57
57.014
57.468
57.433
54 .6 00
55.372
56.402
57.139
5 3.864
5 5.103
5 6.190
5 7.350
1984:
58.061
5 9.060
5 9.634
6 0.124
56.310
5 7.117
5 7.558
5 8.317
38.596
39.477
39.472
40.764
63.845
64.984
65.196
65.566
57.042
57.601
58.338
59.124
47.832
49.437
50.607
49.805
45.210
47.074
48.085
48.955
39.371
41.334
42.704
43.742
86.085
90.427
93.292
94.260
28.636
30.055
31.076
32.081
64.966
66.168
65.532
65.600
28.077
28.775
29.411
30.009
28.394
29.584
30.351
31.244
69.505
71.001
71.525
7 3.063
91.788
94.662
94.301
97.447
58.080
58.830
59.856
60.524
57.522
58.578
59.118
5 9.983
5 8.413
59.411
5 9.977
6 0.402
1 9 8 5 :1
.
60.680
6 1.198
6 2.155
62.632
59.297
5 9.836
60.971
61.109
42.236
42.719
45.526
43.828
65.936
66.464
66.867
67.392
60.272
60.828
61.779
62.333
48.123
48.966
48.431
50.332
49.324
49.946
4 9.543
50.481
44.240
44.872
44.185
44.945
98.263
98.202
96.163
97.380
31.882
32.621
32.224
32.862
65.396
65.918
66.756
68.345
30.030
29.923
29.483
30.367
30.555
32.057
31.744
32.978
73.895
75.560
77.522
77.983
98.470
100.882
104.266
104.212
61.259
62.532
63.738
64.4 82
60.991
61.457
6 2.454
6 2.7 14
60.851
6 1.393
62.271
6 2.787
1986:1,
63.231
63.482
64.090
64.413
61 .619
62.272
63.352
63.755
44.746
46.312
50.432
49.650
68.263
69.010
69.154
69.812
62.477
62.744
63.281
63.941
50.221
49.104
47.562
47.631
50.555
50.433
50.147
50.476
44.331
43.218
42.584
43.017
94.944
85.984
82.919
83.419
32.626
33.094
32.960
33.363
71.265
75.221
76.379
76.241
31.341
31.679
3 2.403
33.611
32.964
34.362
35.317
35.600
78.827
80.500
82.334
81.877
103.672
106.967
111.034
109.343
66.081
66.894
67.544
67.738
63.359
6 3.834
6 4.728
6 5.109
63.338
63.488
64.125
64.355
1987:1.
64 .837
65.550
66 .145
67.300
63 .783
64.655
65.381
65.541
46.485
48.465
50.486
49.029
70.088
70.715
70.842
71.216
64.930
65.544
66.153
66.743
49.096
49.164
49.212
53.049
49.483
50.368
51.440
51.438
41.842
42.844
44.224
44.125
81.487
82.458
85.891
87.525
32.387
33.355
34.276
33.836
76.041
76.374
76.143
76.517
33.629
34.993
36.499
37.847
35.372
36.259
36.964
37.811
82.089
82.660
82.805
83.938
110.005
111.574
111.721
113.397
67.717
67.768
67.913
68.765
65.001
65.892
6 6.706
67.031
64.802
6 5.563
6 6.148
6 7.324
1 9 8 8 :1
.
67.629
68.489
68.854
69.763
66.632
67.109
67.669
68.463
51.511
51.532
50.865
5 2.289
71.857
72.603
73.386
74.218
67.599
68.069
68.901
69.453
50.059
51.277
51.607
52.293
51.365
52.373
52.574
53.098
44.460
45.556
45.793
46.272
84.200
85.957
84.797
74.860
75.456
75.502
76.164
39.939
41.044
41.805
43.087
37.648
37.209
38.077
39.223
83.449
83.638
83.527
85.147
110.331
109.213
108.400
111.646
69.611
70.476
70.727
84.583
34.887
35.809
36.323
36.928
71.513
68.001
68.812
69.151
70.028
6 7.726
6 8.550
68.882
69.815
1 9 8 9 :1
.
70.471
70.933
71.439
71.620
68 .718
69.042
69.699
70.018
51.966
52.710
53.901
52.168
74.439
74.510
75.255
75.971
69.909
70.236
70.662
71.414
54.295
53.664
53.034
52.484
53.628
53.702
54.639
53.741
47.056
47.726
49.097
48.375
85.952
84.977
87.966
87.438
37.569
38.560
39.554
38.813
75.667
73.424
72.624
71.099
44.323
46.257
46.793
47.560
39.113
39.698
39.745
40.267
84.613
85.922
86.722
87.184
109.359
111.818
112.879
112.322
71.878
72.595
73.261
74.241
70.420
71.037
71.875
71.992
70.517
70.962
71.492
71.748
1990:
72 .447
72.632
72.637
72.088
70.587
70.822
71.113
70.604
54.545
52.737
52.178
50.666
76.171
76.334
76.571
75.762
71.612
72.528
73.110
73.082
53.009
53.015
51.766
48.505
54.408
53.150
52.575
51.078
49.016
48.169
48.475
47.549
89.359
88.917
88.593
84.601
39.166
38.255
38.687
38.437
71.822
69.060
65.137
61.529
49.582
50.214
50.634
51.144
41.153
41.613
41.552
40.240
88.534
88.684
88.680
89.578
114.019
114.159
113.152
114.162
75.415
75.569
76.071
76.909
72.851
72.781
72.930
72.756
7 2.545
72.747
72.686
7 2.415
1991:
71.721
72.186
72.535
72.875
7 0.304
70.918
71.225
7 1.163
49.187
49.444
50.226
49.398
75.700
76.296
76.341
75.796
73.007
73.732
74.038
74.470
46.516
46.298
47.450
49.248
49.330
49.256
49.419
49.510
46.323
45.879
45.444
45.203
82.771
80.525
75.300
73.767
37.368
37.319
37.921
37.962
57.870
59.235
61.690
63.044
51.371
53.255
54.532
55.787
39.402
40.527
41.596
42.094
89.937
90.247
89.832
89.472
115.033
115.365
113.255
111.062
77.006
77.305
77.755
78.332
7 2.450
72.949
7 3.097
7 3.089
7 1.906
72.232
7 2.538
72.969
1992:1.
73 .630
7 4.340
7 5.069
7 5.896
72.336
72.752
7 3.476
7 4.330
51.330
51.735
52.861
53.953
77.065
76.968
77.475
78.706
75.355
76.050
76.768
77.343
48.161
51.324
51.869
53.538
50.026
51.994
52.790
54.439
45.003
46.790
47.742
49.182
72.870
72.876
73.524
74.423
37.918
40.039
41.033
42.556
66.259
68.794
68.953
71.295
56.729
56.753
57.976
58.299
42.457
43.527
44.142
44.868
90.168
90.074
90.553
90.574
111.121
111.035
112.314
112.380
79.356
7 9.260
7 9.327
7 9.327
74.170
74.631
75.411
76.229
73.717
7 4.417
75.108
75.944
1993:
7 5.988
7 6.373
7 6.765
77.798
7 4.596
7 5.257
76.079
7 6.757
5 4.483
56.316
56.998
58.509
7 8.599
79.315
80.095
80.465
77.730
78.024
78.902
79.501
54.760
5 5.189
5 5.190
5 8.042
54.742
55.968
56.958
59.483
49.480
50.797
5 1.360
5 3.512
72.463
72.356
72.699
74.044
4 3.346
44.954
45.558
47.855
71.620
72.462
74.964
78.739
58.368
59.053
58.900
60.845
45.891
47.164
47.777
49.471
89.626
89.535
89.280
89.610
108.934
107.371
105.824
106.094
7 9.663
8 0.330
8 0.740
81.1 02
76.136
7 6.673
7 7.256
7 8.210
76.121
7 6.429
76.885
7 7.735
5 2.434
5 2.484
5 2.862
5 3.017
4 9.935
4 9.916
5 0.410
50.555
32.642
31.888
32.813
31.956
58.967
58.729
59.363
59.845
5 3.186
5 2.113
5 2.026
52.991
5 0.475
4 9.349
4 9.886
50.550
31.528
28.003
29.339
30.282
1981:
5 4.065
5 3.643
5 4.292
5 3.615
50.766
5 0.778
50.979
50.594
1982:
5 2.7 36
5 3.019
5 2.819
5 2.866
1983:
1979:1
1980:
IV
49.519
49.979
52.792
52.911
August 2008
Survey of Current Business
175
Table 2B. Real Gross Domestic Product, Quantity Indexes—Table E
nds
[In d e x n u m b e rs, 2 0 0 0 = 1 0 0 ; q u a rte rly e s tim a te s are s e a s o n a lly ad ju ste d ]
Personal consumption expenditures
Year and
quarter
Gross
domestic
product
Fixed investment
Total
Durable
goods
Nondurable
goods
Nonresidential
Services
Total
Exports
Total
Total
1 9 9 4 :1.
Exports and imports
Government consumption
of goods and services expenditures and gross investment
Gross private domestic investment
Equipment
Structures
and
software
Imports
Total
Federal
Residential
State and
local
Final sales
of
domestic
product
Gross
national
product
80.060
80.999
7 7.608
7 8.167
78.727
7 9.514
59.917
6 0.617
61.281
63.469
81.245
82.014
82.712
83.505
80.226
80.631
81.088
81.472
60.538
64.074
62.946
65.873
60.252
61.704
62.324
64.036
54.047
55.132
56.165
58.651
71.008
75.041
74.954
75.715
4 9.204
4 9.588
5 0.865
5 3.725
80.294
82.995
82.122
81.071
61.368
63.400
65.764
67.258
50.586
52.722
54.206
55.510
88.700
89.084
90.543
89.773
102.948
102.387
104.845
102.019
81 .344
82 .217
83 .160
83 .450
78.659
79.271
80.061
8 0.757
78.605
79.584
80.021
8 0.959
1995:
81.224
8 1.369
82.032
82.632
7 9.640
8 0.299
8 0.999
8 1.552
62.233
6 2.956
6 4.830
66.026
8 3.606
8 4.027
84.338
8 4.636
81.992
82.752
83.323
83.827
66.528
64.752
64.137
65.944
6 5.493
65.249
66.117
67.499
61.045
61.470
61.888
63.136
77.613
79.167
79.752
79.079
56.208
56.351
56.723
58.438
79.263
76.728
79.113
80.917
68.459
69.417
72.475
73.577
56.681
57.507
57.710
58.257
90.142
90.510
90.216
8 9.192
101.830
101.644
100.681
96.859
84.106
84 .760
84.811
8 5.237
81.130
8 1.577
8 2.527
83.037
81.315
8 1.494
8 1.992
8 2.712
1996:
8 3.215
84.579
85.288
8 6.285
82.271
8 3.167
8 3.697
84.394
6 6.736
6 8.938
69.508
7 0.919
85.122
86.125
8 6.613
87.339
84.662
85.149
85.688
86.180
66.855
70.298
73.804
73.533
69.199
7 1.452
73.104
74.317
64.697
66.558
68.770
70.618
80.486
82.249
83.242
87.439
6 0.024
6 1.892
64.400
65.608
83.035
86.547
86.314
85.426
74.469
75.734
76.377
81.138
59.942
61.760
63.805
64.670
8 9.735
9 1.212
90.908
91.729
98.881
100.839
98.412
98.231
85.014
8 6.243
8 7.038
88.378
83.760
84.891
85.241
8 6.519
8 3.334
84.595
85.256
86.320
1997:
86.952
88.274
89.373
90.032
8 5.306
8 5.703
8 7.110
88.011
7 2.965
72.731
76.065
7 7.980
87.861
8 7.890
89.161
89.510
86.992
87.733
88.717
89.635
75.077
80.073
81.679
83.017
75.763
7 7.395
80.383
81.086
72.413
74.211
78.005
78.650
88.175
87.399
90.735
91.418
67.669
70.157
74.055
74.685
85.718
86.798
87.192
88.081
82.612
85.905
87.948
87.864
67.401
70.123
72.707
73.918
91.866
92.829
92.847
9 2.812
96.968
99.097
98.463
97.735
89.239
8 9.600
89 .957
90 .282
87.161
8 7.850
8 9.193
89.735
86.912
8 8.343
89.375
8 9.978
1998:
9 1.028
9 1.630
92.685
94.093
88.982
90.395
9 1.487
92.721
7 8.327
81.947
84.228
8 9.226
9 0.664
91.780
9 2.426
9 3.747
90.663
91.680
92.701
92.998
87.345
85.955
87.919
90.065
8 3.530
86.035
87.262
89.800
81.295
83.804
84.605
87.224
91.556
95.138
94.345
95.037
7 8.055
80.236
81.522
8 4.736
89.902
92.391
94.907
97.186
88.243
87.296
86.925
90.191
76.644
78.747
79.746
82.061
92.305
94.177
95.029
95.906
95.359
97.770
96.938
97.814
90.741
9 2.333
9 4.053
94.929
9 0.376
91.683
92.602
94.075
9 0.9 66
91.541
92.454
9 3.905
1999:
9 4.8 9 2
9 5.677
96.794
9 8.514
9 3.648
95.108
9 6.103
97.291
88.891
93.085
95.066
9 5.725
94.967
95.925
9 6.223
98.383
9 4.083
95.155
96.269
97.103
92.577
92.646
94.923
98.442
91.189
93.426
95.212
95.707
88.792
91.499
93.697
93.931
93.238
93.915
93.179
94.144
87.352
90.702
93.848
93.846
98.024
98.869
99.452
100.672
89.406
90.419
92.807
95.243
84.174
87.170
90.210
92.011
96.550
97.136
98.343
99.920
97.248
97.670
99.642
101.926
96.195
96.865
97.679
98.896
9 4.664
95.832
96.855
98.041
94.834
9 5.670
96.721
9 8.524
2000:
9 8.764
100.315
100.200
100.721
98.841
99.465
100.424
101.270
101.097
98.609
100.056
100.238
98.458
99.835
100.398
101.309
98.530
99.474
100.521
101.475
96.691
103.060
100.411
99.838
98.339
100.600
100.443
100.619
97.126
100.526
101.066
101.282
95.744
99.785
102.088
102.383
97.587
100.778
100.723
100.912
101.689
100.786
98.718
98.807
96.770
99.608
102.163
101.458
95.643
99.371
102.700
102.286
99.169
100.517
99.995
100.318
98.169
102.139
99.970
99.722
99.679
99.696
100.007
100.618
99.061
9 9.876
100.204
100.859
98.712
100.298
100.121
100.870
2001:
100.597
100.906
100.551
100.948
101.687
101.942
102.391
104.128
101.877
101.802
102.576
111.051
101.438
101.409
102.018
103.242
101.758
102.218
102.519
103.114
96.245
94.350
91.768
86.051
99.953
97.709
96.603
93.924
100.192
96.600
94.908
91.569
100.191
99.168
100.621
90.968
100.210
95.683
92.820
91.831
99.342
100.714
101.166
100.206
100.083
96.748
92.009
89.422
101.330
97.972
95.345
94.518
101.628
103.567
103.164
105.289
101.679
103.910
103.920
106.124
101.601
103.394
102.784
104.869
101.257
101.519
101.428
102.375
100.585
100.953
100.323
101.291
2002:
101.633
102.186
102.788
102.840
104.494
105.106
105.695
106.066
109.858
110.840
113.908
112.404
104.085
104.426
104.507
105.439
103.579
104.247
104.585
105.055
88.835
89.255
90.517
90.290
92.405
92.076
91.914
91.593
88.489
87.116
86.687
85.584
86.299
81.879
78.500
77.438
89.335
89.130
89.855
88.739
102.707
105.066
105.582
107.242
90.557
92.858
93.520
92.784
97.172
100.078
101.467
103.688
106.411
107.658
108.266
109.539
107.667
110.873
111.700
114.438
105.782
106.033
106,532
107.067
102.319
102.745
103.105
103.143
101.504
101.955
102.677
102.921
2003:
103.148
104.031
1 05.926
106.621
106.611
107.566
109.103
109.718
112.521
116.971
121.579
121.783
106.435
107.033
109.027
109.513
105.458
105.917
106.664
107.415
89.993
90.718
94.483
96.604
91.502
93.842
96.889
98.206
85.023
87.208
89.179
89.806
76.061
78.719
78.552
77.607
88.514
90.506
93.348
94.622
108.329
111.060
116.766
119.753
91.518
91.128
93.612
98.136
102.355
103.398
104.354
108.666
109.160
110.799
111.206
111.410
114.471
119.742
119.858
120.778
106.478
106.266
106.820
106.663
103.488
104.643
106.408
106.962
103.124
104.170
106.027
106.946
2004:
107.402
108.325
109.287
109.977
110.917
111.590
112.555
113.724
123.502
124.094
126.432
128.580
110.759
111.178
112.026
113.369
108.502
109.309
110.088
111,003
97.109
101.776
103.748
105.377
98.148
101.175
103.439
105.287
89.210
91.512
94.211
96.558
77.550
78.708
79.410
79.371
93.800
96.575
100.124
103.519
120.936
125.696
126.994
127.747
100.502
102.108
102.897
105.385
111.867
115.903
117.279
121.135
111.839
112.212
112.649
112.138
122.580
123.306
125.175
123.710
106.393
106.586
106.291
106.265
107.649
108.278
109.284
110.005
107.885
108.579
109.629
110.030
2005:
110.786
111.502
112.560
112.928
114.217
115.239
116.303
116.701
128.761
132.478
134.236
130.112
114.043
115.225
116.068
117.412
111.465
111.946
112.995
113.696
107.702
106.298
107.337
110.477
106.643
108.608
110.022
110.661
97.429
98.935
100.407
101.311
80.813
80.545
78.627
79.001
104.100
106.425
109.536
110.717
130.259
133.311
134.634
134.700
107.447
109.747
109.853
112.721
122.083
122.271
122.509
126.955
112.079
112.337
113.291
112.797
124.058
124.408
127.310
124.950
106.001
106.214
106.189
106.621
110.643
111.940
113.063
112.990
111.288
111.896
113.036
113.142
2006:
114.264
115.022
115.250
115.681
117.925
118.737
119.393
120.485
135.877
136.485
137.652
139.081
118.670
119.590
120.275
121.187
114.149
114.938
115.495
116.612
112.150
112.032
110.504
106.115
112.880
112.156
110.779
108.621
105.125
106.766
108.164
107.893
81.910
85.668
88.574
89.121
114.985
115.484
116.049
115.349
133.477
127.572
120.102
113.763
117.147
118.712
119.734
124.153
130.118
130.161
131.164
131.818
113.877
114.228
114.714
115.167
127.952
127.459
128.048
128.616
106.746
107.520
107.954
108.348
114.417
115.077
115.341
116.180
114.515
115.313
115.371
115.936
2007:
115.696
117.056
118.425
118.374
121.631
122.226
122.838
123.130
142.162
143.894
144.720
144.856
122.232
122.815
123.182
123.261
117.494
117.916
118.605
119.020
103.483
105.040
105.950
102.639
107.674
108.475
108.218
106.503
108.794
111.502
113.863
114.819
91.526
95.447
100.005
102.076
115.360
117.302
118.348
118.636
108.831
105.552
99.644
92.110
124.343
126.992
133.747
135.189
134.289
133.041
134.033
133.254
115.421
116.541
117.642
117.879
127.426
129.507
131.772
131.610
109.314
109.957
110.484
110.914
116.495
117.725
118.898
119.133
115.861
117.104
118.913
119.302
2 0 0 8 :1,
118.631
119.188
123.395
123.862
143.284
142.204
123.147
124.369
119.739
120.071
101.110
97.148
104.969
104.323
115.504
116.172
104.206
107.773
118.470
117.442
85.698
82.144
136.880
139.934
132.991
130.728
118.443
119.443
133.488
135.671
110.844
111.273
119.397
120.531
119.329
78.589
79.614
176
GDP and Other Major NIPA Series
August 2008
T a b le 3 . P r ic e I n d e x e s f o r G r o s s D o m e s t ic P r o d u c t a n d G r o s s D o m e s t ic P u r c h a s e s — C o n tin u e s
[Index num bers, 2 0 0 0 = 1 0 0 ; q u arterly estim ates are season ally adjusted]
Implicit price
deflators
Chain-type price indexes
Gross
domestic
product
Exports and
imports of goods
and services
Private fixed investment
Personal consumption expenditures
Year and
quarter
Government consumption
expenditures and gross
investment
Nonresidential
Total
Durable
goods
Non
durable
goods
Services
Total
Total
Struc
tures
Equip
ment
and
software
Resi
dential
Exports
Imports
Percent change from
preceding period for
chain-type price indexes
Total
Federal
State
and
local
Gross
Gross
Gross
Gross
domestic
national domestic national
pur
product product product
chases
Gross
Gross
Gross
domestic
domestic
national
pur
product
product
chases
1929 .. .
11 943
11.700
25 781
12815
9.230
12 507
15.539
6.419
2 3.012
6.765
17.011
12.541
7.754
8.388
5.857
11.703
11.927
11.975
11.960
1930 ......
1931......
1932 ......
1 93 3 ......
1 93 4 ......
11.480
10.334
9.150
8.910
9.351
11.203
9.997
8.808
8.492
8.884
24.249
21.706
19.232
18.656
19.668
12.139
10.382
8.879
8.822
9.745
8.997
8.421
7.650
7.136
6.985
11.997
11.095
9.798
9.631
10.117
14.812
13.789
12.475
12.253
12.686
6.078
5.560
4.819
4.861
4.882
22.090
20.938
19.748
18.973
2 0.043
6.619
5.991
4.883
4.816
5.346
15.401
12.118
10.510
10.509
12.186
10.693
8.642
6.927
6.639
7.542
7.515
7.137
6.497
6.703
7.212
8.016
7.952
7.572
7.654
8.180
5.694
5.354
4.819
5.003
5.399
11.219
10.112
8.929
8.682
9.103
11.466
10.322
9.140
8.901
9.343
11.536
10.338
9.122
8.876
9.370
11.521
10.326
9.112
8.867
9.362
- 3 .9
- 1 0 .0
- 1 1 .5
- 2 .6
4.9
^ .1
- 9 .9
- 1 1 .7
- 2 .8
4.8
- 3 .9
- 1 0 .0
-1 1 .5
- 2 .6
5.0
1935 ......
1 93 6 ......
1 93 7 ......
1 93 8 ......
1 93 9 ......
9.534
9.644
9.998
9.810
9.688
9.097
9.185
9.520
9.305
9 .217
19.557
19.680
2 0.484
2 0.547
2 0.338
10.101
10.131
10.486
9.969
9.803
7.082
7.224
7.493
7.564
7.571
10.168
10.271
11.161
11.315
11.255
12.822
12.806
13.878
13.989
13.841
5.115
5.112
5.808
5.701
5.640
19.866
19.835
20.970
2 1.475
21.249
5.270
5.527
6.064
6.254
6.297
12.496
12.917
13.775
13.139
12.962
7.667
8.203
9.155
8.460
8.880
7.273
7.492
7.650
7.667
7.544
8.275
9.040
9.187
9.342
9.168
5.437
5.413
5.547
5.504
5.425
9.278
9.398
9.762
9.568
9.469
9.527
9.634
9.986
9.798
9.674
9.558
9.665
10.083
9.790
9.695
9.550
9.655
10.070
9.778
9.681
2.0
1.2
3.7
- 1 .9
- 1 .2
1.9
1.3
3.9
- 2 .0
- 1 .0
2.0
1.1
3.7
- 1 .9
- 1 .3
1940 ......
1941......
1 94 2 ......
1 94 3 ......
1 94 4 ......
9.771
10.405
11.255
11.885
12.165
9.293
9.864
11.082
12.094
12.780
2 0.527
22.002
2 5.646
2 7.907
31.267
9.892
10.729
12.491
13.958
14.744
7.621
7.817
8.221
8.632
9.032
11.537
12.390
13.584
14.177
14.655
14.156
15.088
16.677
17.215
17.562
5.726
6.129
6.836
7.430
7.594
21.818
2 3.205
25.521
25.655
2 6.148
6.485
7.084
7.612
8.238
9.038
14.059
15.350
18.547
20.288
22.851
9.472
10.004
11.458
12.334
12.956
7.457
7.916
7.954
8.083
7.978
8.806
9.267
9.090
9.175
9.014
5.474
5.842
6.456
6.935
7.203
9.537
10.140
10.948
11.557
11.816
9.757
10.390
11.238
11.864
12.143
9.808
10.465
11.279
11.886
12.166
9.793
10.449
11.262
11.865
12.143
0.9
6.5
8.2
5.6
2.4
0.7
6.3
8.0
5.6
2.2
0.9
6.5
8.2
5.6
2.4
1945......
1 94 6 ......
1 94 7 ......
1 94 8 ......
1949......
12.478
13.934
15.488
16.372
16.364
13.291
14.247
15.702
16.599
16.474
3 2.954
34.312
37.244
39.134
39.608
15.373
16.772
18.939
20.060
19.401
9.328
9.763
10.359
10.939
11.246
15.118
16.700
19.611
21.286
21.701
18.011
19.924
23.175
25.172
25.755
7.932
8.885
10.766
11.981
11.939
26.589
29.107
32.974
35.350
3 6.714
9.648
10.552
12.638
13.699
13.881
2 2.663
2 1.904
2 5.434
26.790
25.192
13.320
14.851
17.792
19.336
18.429
8.071
9.993
10.796
11.215
11.532
9.100
11.608
12.319
12.206
12.719
7.442
8.132
9.115
10.191
10.277
12.131
13.635
15.145
16.029
16.050
12.457
13.916
15.470
16.353
16.344
12.490
13.986
15.506
16.382
16.352
12.468
13.968
15.488
16.362
16.332
2.6
11.7
11.2
5.7
0.0
2.7
12.4
11.1
5.8
0.1
2.6
11.7
11.2
5.7
-0 .1
1 95 0 ......
1 95 1 ......
1 95 2 ......
1 95 3 ......
1 95 4 ......
16.493
17.626
18.009
18.240
18.434
16.675
17.805
18.169
18.416
18.585
39.828
42.471
4 2.874
42.531
4 1.596
19.482
21.099
21.331
21.235
21.303
11.561
12.082
12.563
13.186
13.578
22.182
24.097
24.686
24.890
25.079
26.281
28.805
29.457
29.720
30.007
12.085
13.480
13.838
14.107
13.936
37.635
40.834
41.662
41.760
42.765
14.224
15.243
15.662
15.774
15.837
24.532
27.718
27.886
27.808
27.430
19.575
23.659
2 2.802
21.823
22.121
11.539
12.304
12.552
12.685
12.956
12.645
13.196
13.326
13.420
13.736
10.371
11.435
11.927
12.159
12.360
16.235
17.394
17.741
17.938
18.148
16.473
17.602
17.985
18.216
18.409
16.531
17.718
18.022
18.243
18.417
16.511
17.693
17.997
18.218
18.394
0.8
6.9
2.2
1.3
1.1
1.2
7.1
2.0
1.1
1.2
0.8
6.9
2.2
1.3
1.1
1 95 5 ......
19 5 6......
1 95 7 ......
1 95 8 ......
1959 ......
18.709
19.360
20.039
20.512
2 0.754
18.676
19.059
19.639
20.117
20.432
4 1.439
4 2.453
44.082
44.921
45.662
21.174
21.468
22.100
22.633
22.765
13.894
14.275
14.687
15.076
15.485
25.488
26.989
27.926
27.997
28.262
30.413
32.810
34.485
34.659
35.114
14.214
15.431
16.092
15.835
15.923
43.166
46.376
49.005
49.968
50.882
16.166
16.578
16.622
16.580
16.630
27.665
28.590
29.674
29.373
29.433
22.002
22.390
22.645
2 1.704
21.901
13.498
14.260
14.890
15.340
15.404
14.480
15.230
15.914
16.569
16.450
12.601
13.408
13.987
14.174
14.475
18.409
19.037
19.682
20.121
20.365
18.687
19.337
20.015
20.487
20.730
18.743
19.393
20.038
20.498
20.751
18.721
19.369
20.013
20.474
20.727
1.5
3.5
3.5
2.4
1.2
1.4
3.4
3.4
2.2
1.2
1.5
3.5
3.5
2.4
1.2
1960 ......
1 96 1 ......
1962......
1 96 3 ......
1964 ......
2 1.044
21.281
21.572
21.801
22.134
20.767
20.985
21.232
21.479
2 1.786
4 5.444
45.551
4 5.755
45.915
46.142
23.089
23.227
23.412
23.683
23.986
15.887
16.173
16.466
16.701
17.016
28.414
28.325
28.346
28.267
28.440
35.275
35.076
35.087
35.088
35.268
15.904
15.810
15.941
16.085
16.316
51.305
51.025
50.774
50.495
50.474
16.743
16.769
16.795
16.663
16.796
29.846
30.300
30.375
30.307
30.556
22.110
22.110
21.849
22.273
22.743
15.597
15.909
16.314
16.669
17.132
16.590
16.871
17.228
17.597
18.191
14.738
15.093
15.564
15.911
16.234
2 0.646
20.865
21.139
21.385
21.725
21.021
21.258
21.550
21.780
22.114
21.041
2 1.278
21.569
21.798
22.131
21.018
21.255
21.547
21.777
22.111
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
1965 ......
19 6 6......
1 96 7 ......
1968 ......
1969 ......
2 2.538
23.180
23.897
24.916
2 6.153
22.103
22.662
2 3.237
24.151
25.255
45.721
4 5.517
46.228
4 7.749
49.067
24.423
25.232
25.830
26.820
28.062
17.334
17.810
18.349
19.128
20.106
28.926
29.536
30.364
31.582
33.140
35.672
36.206
37.129
38.431
40.018
16.791
17.398
17.943
18.835
20.074
5 0.520
50.654
51.776
53.167
54.645
17.272
17.899
18.521
19.504
20.853
31.529
32.481
33.725
34.461
35.627
23.059
23.596
23.688
24.048
24.675
17.588
18.330
19.099
20.128
21.341
18.658
19.330
19.913
20.995
22.130
16.685
17.507
18.488
19.475
20.780
22.102
22.724
23.389
24.380
25.580
22.519
23.161
23.878
24.896
26.131
22.535
2 3.176
23.893
24.913
26.149
22.516
23.158
23.874
24.893
26.127
1.8
2.8
3.1
4.3
5.0
1.7
2.8
2.9
4.2
4.9
1.8
2.9
3.1
4.3
5.0
1970 ......
19 7 1......
1 97 2 ......
1973 ......
1 97 4 ......
27.538
28.916
30.171
31.854
34.721
2 6.448
27.574
28.528
30.081
33.191
5 0.148
51.975
52.531
53.301
56.676
29.446
30.359
31.373
33.838
38.702
21.175
22.340
23.304
24.381
26.345
34.565
36.306
37.865
39.958
43.890
41.908
43.880
45.367
47.115
51.658
21.390
23.040
24.704
26.619
30.295
56.657
58.340
59.044
6 0.047
64.474
21.526
22.775
24.158
2 6.297
29.011
36.993
38.358
40.146
45.425
55.965
26.135
27.739
29.682
34.841
49.847
23.079
24.875
26.788
28.743
31.646
23.915
25.957
28.495
30.449
33.162
22.488
24.087
25.524
27.477
30.500
2 6.964
28.351
29.619
31.343
34.546
2 7.516
28.895
30.150
31.835
34.695
2 7.534
28.911
30.166
31.849
34.725
27.512
28.889
30.145
31.830
34.699
5.3
5.0
4.3
5.6
9.0
5.4
5.1
4.5
5.8
10.2
5.3
5.0
4.3
5.6
9.0
1 97 5......
1 97 6......
1977 ......
19 7 8......
19 7 9......
38.007
40.202
42.758
45.762
4 9.553
35.955
37.948
40.410
43.248
47.059
6 1.844
65.278
68.129
72.038
76.830
41.735
43.346
45.911
48.985
54.148
28.595
30.603
32.933
35.464
38.316
49.384
52.244
56.342
61.101
66.642
58.763
62.018
66.258
70.695
76.440
33.911
35.571
38.651
42.382
47.313
74.001
78.355
83.011
87.391
92.932
31.706
33.743
37.147
41.696
46.374
61.682
63.707
66.302
70.342
78.808
53.997
55.622
60.523
64.798
75.879
34.824
37.118
39.694
42.235
45.775
36.615
39.217
42.180
44.785
48.231
33.481
35.563
37.872
40.359
43.944
37.761
39.938
42.634
45.663
49.669
37.981
40.181
42.737
45.742
49.532
38.002
40.196
42.752
45.757
49.548
37.976
40.175
42.731
45.737
49.527
9.5
5.8
6.4
7.0
8.3
9.3
5.8
6.8
7.1
8.8
9.5
5.8
6.4
7.0
8.3
1 98 0......
1 98 1......
19 8 2......
1 98 3......
1 98 4......
54.062
59.128
62.738
65.214
67.664
52.078
5 6.720
59.859
6 2.436
64.795
8 3.277
88.879
9 2.358
94.181
9 5.550
60.449
65.130
66.955
68.386
70.004
42.332
46.746
50.528
53.799
56.680
72.887
79.670
84.047
83.912
84.399
83.198
91.245
96.295
95.432
95.195
5 1.740
58.880
63.566
61.939
62.468
100.868
108.077
51.394
55.587
58.564
59.908
6 1.630
86.801
93.217
94.513
99.594
50.761
55.752
53.299
58.476
93.645
94.015
94.887
96.235
92.629
91.829
59.414
61.778
64.955
62.446
64.612
68.426
48.858
53.709
57.140
59.666
62.336
5 4.876
59.896
112.293
112.530
111.547
63.296
65.515
67.822
54.034
59.104
62.711
65.192
67.641
54.043
59.119
6 2.726
65.207
6 7.655
54.015
59.095
62.699
65.184
67.631
9.1
9.4
6.1
3.9
3.8
10.5
9.1
5.7
3.5
3.5
9.1
9.4
6.1
4.0
3.8
1 98 5......
1986......
19 8 7......
1988......
1 98 9......
69.724
71.269
73.204
75.706
78.569
6 6.936
68.569
70.947
73.755
7 6.972
96.620
97.685
100.465
101.921
59.295
62.040
64.299
67.493
70.708
85.457
87.501
89.118
91.431
93.641
95.936
97.566
98.435
100.625
102.731
6 3.940
65.168
66.199
69.016
7 1.707
111.413
113.178
113.796
115.216
116.657
63.219
65.868
68.561
70.928
73.211
91.983
90.639
92.874
97.687
99.310
88.813
88.871
94.251
98.774
100.944
66.970
68.175
70.056
71.899
74.139
69.974
70.352
71.200
72.704
74.677
64.739
66.624
69.361
71.485
7 3.940
69.760
71.338
73.527
76.043
78.934
69.706
71.246
73.189
75.691
78.562
69.713
71.250
73.196
75.694
78.556
69.695
71.227
73.181
75.679
78.549
3.0
2.2
2.7
3.4
3.8
2.9
2.3
3.1
3.4
3.8
3.1
2.2
2.7
3.4
103.717
71.543
71.273
73.731
76.206
79.842
1990......
1991......
1992......
1 99 3......
1 99 4......
81.614
84.457
86.402
88.390
90.265
80.498
83.419
85.824
87.804
89.654
104.561
106.080
106.756
107.840
109.978
84.226
86.779
88.105
88.973
89.605
74.197
77.497
80.684
83.345
85.748
95.542
96.960
96.670
97.805
99.133
104.695
106.314
105.411
105.487
106.008
7 4.015
75.355
75.330
7 7.602
80.388
118.168
119.854
118.444
117.243
116.572
74.930
75.912
76.836
79.941
82.754
99.982
101.313
100.892
100.898
102.033
103.826
103.420
103.552
102.671
103.634
77.139
79.787
81.719
83.789
86.002
77.142
80.232
82.602
84.788
87.061
77.357
79.681
81.300
83.294
85.472
82.144
84.836
86.828
88.730
90.583
81.613
84.454
86.391
88.393
90.269
81.590
84.444
86.385
88.381
90.259
81.589
84.440
86.375
88.382
90.262
3.9
3.5
2.3
2.3
2.1
4.1
3.3
2.3
2.2
2.1
3.9
3.5
2.3
2.3
2.1
3.8
August 2008
Survey of Current B usiness
177
Table 3. Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continues
[In d e x nu m b e rs, 2 0 0 0 = 1 0 0 ; q u a rte rly e s tim a te s a re s e a s o n a lly a d ju ste d ]
Implicit price
deflators
Chain-type price indexes
Year and
quarter
Personal consumption expenditures
Gross
domestic
product
Exports and
imports of goods
and services
Government consumption
expenditures and gross
investment
Resi
dential
Exports
Imports
Total
Private fixed investment
Nonresidential
Durable
goods
Non
durable
goods
91.577 110.672
93.547 109.507
95.124 107.068
95.978 104.152
97.575 101.626
90.629
92.567
93.835
93.821
96.173
Total
1995
1996
1997
1998
1999
92.115
93.859
95.415
96.475
97.868
2000
2001
2002
2003
2004
100.000
102.402
104.193
106.409
109.462
2005
2 00 6
2 00 7
113.039 111.581
116.676 114.675
119.819 117.659
100.000 100.000 100.000
102.094
98.114 101.531
103.542
95.766 102.089
105.597
92.366 104.145
108.392
90.696 107.626
8 9.984 111.606
88.772 114.984
87.154 118.407
Services
Total
Federal
State
and
local
Gross
Gross
Gross
Gross
domestic
national domestic national
pur
product product product
chases
Percent change from
preceding period for
chain-type price indexes
Gross
Gross
Gross
domestic
domestic
national
pur
product
product
chases
Struc
tures
Equip
ment and
software
83.879
86.045
89.381
93.474
96.257
115.224
112.451
109.120
104.259
101.366
85.769
87.610
89.843
92.239
95.780
104.376
102.988
101.232
98.905
98.313
106.412
104.529
100.816
95.353
95.960
88.358
90.491
92.139
93.469
96.079
89.503
91.982
93.533
94.511
96.884
87.778
89.709
91.414
92.934
95.667
92.483
94.145
95.440
96.060
97.556
92.123
93.869
95.421
96.477
97.869
92.106
93.852
95.414
96.472
97.868
92.114
93.863
95.420
96.475
97.869
2.0
1.9
1.7
1.1
1.4
2.1
1.8
1.4
0.6
1.6
2.1
1.9
1.7
1.1
1.4
100.000 100.000 100.000
101.023
99.683 105.403
101.660
99.513 110.030
103.313
99.591 113.872
106.845 100.896 120.912
100.000
97.708
95.956
94.912
94.600
100.000
104.633
107.240
112.372
120.587
100.000
99.624
99.273
101.429
104.997
100.000
97.497
96.341
9 9.685
104.526
100.000
102.544
105.507
109.849
114.754
100.000
101.907
105.631
110.094
115.322
100.000
102.868
105.435
109.712
114.431
100.000
101.994
103.583
105.966
109.235
100.000
102.399
104.184
106.401
109.456
100.000
102.399
104.187
106.404
109.462
100.000
102.396
104.179
106.396
109.455
2.2
2.4
1.7
2.1
2.9
2.5
2.0
1.6
2.3
3.1
2.2
2.4
1.7
2.1
2.9
116.700 111.638 103.829 135.177
120.752 116.380 107.277 151.822
124.712 117.995 108.739 157.662
94.534
94.594
94.870
129.268
136.897
138.884
108.814
112.618
116.586
111.154
115.932
120.168
121.470
127.239
132.941
120.834 121.862
125.806 128.109
130.076 134.671
113.263 113.036
117.066 116.673
120.294 119.815
113.034
116.676
119.816
113.031
116.672
119.813
3.3
3.2
2.7
3.7
3.4
2.8
3.3
3.2
2.7
Total
88.320 100.292 106.239
90.844 100.028 105.011
93.305
99.785 103.696
95.319
98.861 101.421
97.393
98.888 100.057
100.000
103.257
106.018
109.379
112.929
1 9 4 7 :1 ......
I I .....
III....
IV ....
15.115
15.335
15.590
15.912
15.366
15.491
15.777
16.174
3 6.774
3 7.110
3 7.307
3 7.785
18.501
18.666
19.002
19.586
10.131
10.195
10.448
10.660
18.714
19.446
19.937
20.347
22.229
22.939
23.555
23.975
10.388
10.522
10.893
11.262
31.539
32.864
33.594
33.900
11.925
12.584
12.859
13.182
23.353
25.068
26.331
2 6.984
16.298
17.455
18.396
19.018
10.832
10.855
10.687
10.812
12.614
12.536
12.072
12.056
8.831
8.981
9.176
9 .472
14.819
14.994
15.223
15.543
15.094
15.316
15.573
15.895
15.105
15.329
15.597
15.989
15.084
15.310
15.580
15.972
6.0
6.8
8.5
4.8
6.3
8.7
6.0
6.9
8.5
1 9 4 8 :1 ......
I I .....
III....
IV ....
16.093
16.276
16.563
16.555
16.356
16.533
16.781
16.725
38.032
3 8.553
39.942
4 0.008
19.886
20.078
20.256
20.018
10.726
10.852
11.039
11.140
20.556
21.014
21.666
21.909
24.110
24.808
25.697
26.074
11.560
11.881
12.187
12.295
33.723
34.715
36.156
36.806
13.417
13.564
13.874
13.941
27.154
27.021
26.702
26.281
19.461
19.519
19.331
19.033
10.995
11.092
11.345
11.426
12.107
12.120
12.288
12.308
9.814
10.020
10.384
10.546
15.737
15.931
16.225
16.223
16.076
16.259
16.543
16.534
16.111
16.254
16.556
16.597
16.094
16.237
16.536
16.576
4.6
4.6
7.2
- 0 .2
5.1
5.0
7.6
0.0
4.6
4.6
7.2
- 0 .2
1 9 4 9 :1 ......
I I .....
III....
IV ....
16.514
16.405
16.267
16.272
16.600
16.496
16.403
16.399
39.995
39.768
39.306
39.365
19.724
11.157
11.201
11.262
11.362
21.874
21.836
21.587
21.509
25.887
25.839
25.727
25.569
12.095
11.920
11.858
11.884
36.736
36.937
36.795
36.389
14.059
14.038
13.709
13.718
2 5.834
25.344
24.935
24.656
18.588
18.404
18.328
18.395
11.641
19.476
19.264
19.141
11.555
11.408
11.523
12.792
12.771
12.518
12.797
10.427
10.261
10.243
10.177
16.181
16.084
15.959
15.974
16.493
16.384
16.247
16.251
16.531
16.350
16.256
16.272
16.509
16.329
16.235
16.251
- 1 .0
- 2 .6
- 3 .3
0.1
- 1 .0
- 2 .4
-3 .1
0.4
- 1 .0
- 2 .6
- 3 .3
0.1
1 9 5 0 :1 ......
I I .....
III....
IV....
16.206
16.279
16.608
16.881
16.368
16.454
16.796
17.083
39 .174
39.550
40.019
4 0 .568
19.025
19.128
19.681
20.095
11.429
11.462
11.604
11.751
21.500
21.855
22.472
22.899
25.597
25.844
26.386
27.295
11.852
11.820
12.077
12.591
36.508
37.123
37.887
39.023
13.696
14.051
14.587
14.561
24.264
24.310
24.543
25.011
18.739
19.129
19.750
20.683
11.453
11.398
11.573
11.732
12.751
12.570
12.622
12.639
10.087
10.162
10.463
10.772
15.933
16.015
16.353
16.641
16.187
16.259
16.587
16.859
16.222
16.286
16.630
16.950
16.203
16.266
16.608
16.927
- 1 .6
1.8
8.3
6.7
- 1 .0
2.1
8.7
7.2
- 1 .6
1.8
8.3
6.7
1 9 5 1 :1 ......
I I .....
III....
IV ....
17.470
17.564
17.621
17.848
17.636
17.768
17.792
18.024
4 2.153
4 2.375
42 .423
4 2.933
20.953
21.106
21.038
21.301
11.909
12.013
12.115
12.289
23.677
24.031
24.216
24.466
2 8.238
2 8.717
28.975
29.291
13.099
13.420
13.640
13.762
40.242
40.745
40.926
41.422
15.038
15.211
15.292
15.432
26.463
27.443
2 8.254
28.711
22.386
23.594
24.284
24.374
12.295
12.193
12.285
12.443
13.366
13.062
13.092
13.265
11.147
11.342
11.550
11.700
17.238
17.341
17.392
17.606
17.445
17.540
17.598
17.825
17.582
17.690
17.700
17.896
17.556
17.665
17.676
17.871
14.7
2.2
1.3
5.3
15.1
2.4
1.2
5.0
14.6
2.2
1.3
5.3
1 9 5 2 :1......
I I .....
III....
IV ....
17.862
17.944
18.083
18.149
18.094
18.098
18.225
18.259
43.253
4 2.792
43.291
42.161
21.324
21.263
21.328
21.408
12.373
12.490
12.632
12.757
24.593
24.711
24.746
24.693
29.447
29.524
29.426
29.432
13.880
13.831
13.803
13.836
41.564
41.824
41.654
41.605
15.510
15.645
15.794
15.698
27.998
27.905
2 7.848
27.794
23.389
22.994
22.594
22.233
12.305
12.489
12.638
12.774
13.055
13.270
13.385
13.596
11.708
11.848
12.085
12.068
17.611
17.682
17.809
17.863
17.837
17.919
18.058
18.124
17.879
17.913
18.119
18.172
17.854
17.888
18.094
18.146
0.3
1.8
3.1
1.5
0.1
1.6
2.9
1.2
0.3
1.9
3.1
1.5
1 9 5 3 :1 ......
I I .....
III....
IV....
18.163
18.204
18.266
18.327
18.325
18.351
18.452
18.534
4 2.610
4 2.647
4 2.364
42 .504
21.282
21.190
21.238
21.231
12.951
13.083
13.278
13.432
2 4.703
24.835
25.036
24.987
29.439
29.666
29.899
29.877
13.872
14.072
14.254
14.230
41.556
41.705
41.896
41.885
15.708
15.727
15.864
15.798
27.928
27.863
27.772
27.668
22.028
21.819
21.721
21.724
12.683
12.706
12.646
12.705
13.401
13.452
13.365
13.463
12.195
12.154
12.153
12.132
17.866
17.901
17.960
18.023
18.138
18.180
18.242
18.303
18.172
18.206
18.276
18.316
18.147
18.182
18.252
18.292
0.3
0.9
1.4
1.3
0.1
0.8
1.3
1.4
0.3
0.9
1.4
1.3
1 9 5 4 :1......
I I .....
III....
IV ....
18.405
18.440
18.432
18.457
18.627
18.612
18.557
18.543
42.855
41 .750
41 .017
4 0.760
21.298
21.394
21.307
21.213
13.518
13.534
13.587
13.674
24.998
25.101
25.098
25.119
29.988
30.140
29.926
29.976
14.038
13.893
13.897
13.917
42.512
43.171
42.649
42.727
15.715
15.757
15.941
15.936
27.522
27.435
27.384
27.379
21.976
22.074
22.210
22.222
12.787
12.906
13.012
13.119
13.609
13.649
13.779
13.908
12.099
12.376
12.446
12.518
18.113
18.153
18.150
18.176
18.381
18.415
18.408
18.434
18.375
18.392
18.425
18.477
18.350
18.368
18.401
18.454
1.7
0.8
- 0 .2
0.5
2.0
0.9
-0 .1
0.6
1.7
0.7
- 0 .2
0.6
1 9 5 5 :1......
I I .....
III....
IV....
18.531
18.636
18.771
18.898
18.608
18.630
18.706
18.762
41.055
4 1 .265
41.658
41.776
21.221
21.156
21.168
21.152
13.765
13.840
13.929
14.041
25.112
25.286
25.604
25.950
2 9.870
30.046
30.539
31.195
13.952
14.067
14.259
14.579
42.414
42.601
43.373
44.277
16.007
16.143
16.253
16.262
27.460
27.578
27.717
27.904
21.949
21.965
22.011
22.084
13.200
13.432
13.600
13.763
14.097
14.455
14.597
14.770
12.421
12.468
12.679
12.834
18.237
18.338
18.469
18.591
18.508
18.614
18.749
18.876
18.566
18.644
18.783
18.973
18.544
18.622
18.761
18.951
1.6
2.3
2.9
2.7
1.3
2.2
2.9
2.7
1.6
2.3
2.9
2.7
1 9 5 6 :1 ......
I I .....
III....
IV....
19.086
19.265
19.485
19.604
18.841
18.969
19.155
19.269
41.912
42.002
42.652
4 3.247
21.195
21.399
21.605
21.674
14.144
14.213
14.326
14.418
26.492
2 6.777
27.242
2 7.443
32.078
32.346
33.184
33.630
15.223
15.175
15.586
15.740
45.068
45.800
46.946
47.691
16.395
16.646
16.673
16.598
28.131
28.421
28.739
29.068
22.144
22.317
22.448
22.652
14.002
14.221
14.371
14.444
14.982
15.235
15.336
15.368
13.125
13.305
13.533
13.669
18.772
18.946
19.158
19.272
19.063
19.242
19.461
19.580
19.165
19.276
19.524
19.599
19.141
19.253
19.501
19.575
4.0
3.8
4.6
2.5
4.0
3.8
4.6
2.4
4.0
3.8
4.6
2.5
1 9 5 7 :1 ......
I I .....
III....
IV....
19.832
19.971
2 0.124
20.230
19.443
19.569
19.723
19.822
43.602
4 4 .233
44 .210
44.282
21.886
22.003
22.224
22.285
14.540
14.611
14.732
14.867
27.708
27.833
28.024
2 8.139
34.160
34.346
34.583
34.852
15.909
16.108
16.194
16.155
48.604
16.551
16.592
16.704
16.640
29.468
29.692
29.783
29.754
22.747
22.762
22.637
22.433
14.717
14.854
14.952
15.039
15.739
15.834
15.962
16.121
13.808
14.011
14.071
14.059
19.488
19.618
19.762
19.861
19.807
48.641
49.030
49.746
19.946
20.099
20.205
19.876
20.012
20.131
20.133
19.851
19.986
20.106
20.108
4.7
2.8
3.1
2.1
4.6
2.7
3.0
2.0
4.7
2.8
3.1
2.1
1 9 5 8 :1 ......
I I .....
III....
IV....
20.407
20.497
20.554
2 0.588
20.074
2 0.114
2 0.137
20.144
4 5.117
44.928
44.890
44 .750
22.653
22.702
22.631
22.544
14.956
15.014
15.118
15.216
27.881
2 7.995
28.025
28.087
34.461
34.652
34.710
34.811
15.718
15.816
15.879
15.930
49.739
49.996
49.999
50.137
16.563
29.459
29.345
29.325
29.364
21.910
21.684
21.619
21.604
15.147
16.581
16.581
16.595
15.298
15.423
15.492
16.338
16.513
16.671
16.753
14.026
14.149
14.232
14.288
20.024
20.107
20.162
20.193
20.381
20.472
20.530
20.564
20.355
20.419
20.553
20.656
20.329
20.394
20.529
20.632
3.5
1.8
1.1
0.7
3.3
1.7
1.1
0.6
3.5
1.8
1.1
0.7
1 9 5 9 :1 ......
I I .....
III....
IV ....
2 0.680
20.711
2 0.770
2 0.853
2 0.315
20.365
2 0.470
2 0.576
4 5.544
45.721
45 .704
45.679
22.646
22.694
22.815
22.904
15.372
15.408
15.514
15.647
28.133
28.240
28.316
28.359
34.870
35.068
35.226
35.294
15.820
15.913
15.974
15.985
50.510
50.794
51.042
51.184
16.620
16.632
16.628
16.640
29.211
29.239
29.481
29.798
21.786
21.820
21.891
2 2.107
15.469
15.425
15.347
15.377
16.584
16.488
16.348
16.380
14.452
14.473
14.474
14.501
20.296
20.326
20.379
20.657
20.688
20.747
20.460
20.830
20.704
20.704
20.753
20.840
20.680
20.681
20.730
20.817
1.8
0.6
1.1
1.6
2.1
0.6
1.0
1.6
1.8
0.6
1.1
1.6
1 9 6 0 :1 ......
I I .....
III....
IV....
20.903
2 0.995
2 1.093
21.186
2 0.616
20.730
2 0.812
2 0.909
45.600
45 .525
45.371
45.282
22.911
23.061
23.132
23.251
15.725
15.831
15.947
28.394
28.451
28.434
16.046
28.375
35.300
35.335
35.299
35.165
16.042
15.945
15.869
15.761
51.079
51.361
51.433
51.347
16.689
16.752
16.755
16.775
29.829
29.789
29.931
29.834
22.052
22.069
2 2.190
22.129
15.440
15.497
15.662
15.792
16.380
16.427
16.679
16.873
14.640
14.709
14.774
14.830
20.505
20.598
20.694
20.787
20.881
20.972
21.070
21.162
20.931
21.004
21.084
21.146
20.909
20.982
21.061
21.122
1.0
1.8
1.9
1.8
0.9
1.8
1.9
1.8
1.0
1.8
1.9
1.8
178
GDP and Other Major NIPA Series
August 2008
T a b le 3 . P r ic e I n d e x e s f o r G r o s s D o m e s t ic P r o d u c t a n d G r o s s D o m e s t ic P u r c h a s e s — C o n tin u e s
[Index num bers, 2 0 0 0 = 1 0 0 ; q u arterly estim ates a re seaso n ally adjusted]
Implicit price
deflators
Chain-type price indexes
Year and
quarter
Personal consumption expenditures
Gross
domestic
product
Exports and
imports of goods
and services
Private fixed investment
Government consumption
expenditures and gross
investment
Nonresidential
Total
Durable
goods
Non
durable
goods
Services
Total
Total
Struc
tures
Equip
ment and
software
Resi
dential
Exports
Imports
Total
Federal
State
and
local
Gross
Gross
Gross
Gross
domestic
national domestic national
pur
product product product
chases
Percent change from
preceding period for
chain-type price indexes
Gross
Gross
Gross
domestic
national
domestic
pur
product
product
chases
1961 :1.......
I I .....
III....
IV ....
21.210
21.249
21.305
2 1.360
20.944
20.940
2 1.016
21.039
4 5.282
4 5.517
4 5.737
45.671
23.294
23.171
23.228
23.214
16.076
16.137
16.211
16.269
28.318
28.338
28.321
28.323
35.116
35.080
35.043
35.063
15.761
15.793
15.814
15.871
51.229
51.069
50.936
50.864
16.722
16.787
16.792
16.777
29.976
30.370
30.314
30.539
22.150
22.119
22.092
22.081
15.801
15.888
15.920
16.028
16.828
16.872
16.844
16.941
14.906
15.045
15.148
15.272
20.807
20.831
20.887
20.933
21.186
21.226
21.283
21.338
21.192
21.237
21.303
21.375
21.169
21.214
21.280
21.352
0.5
0.7
1.1
1.0
0.4
0.5
1.1
0.9
0.5
0.8
1.1
1.0
1 96 2:1.......
I I .....
III....
IV ....
21.482
21.538
21.596
21.671
21.131
21.209
21.262
21.325
45.661
4 5.779
4 5.880
45.699
23.304
23.380
23.422
23.542
16.372
16.445
16.500
16.546
28.340
28.365
28.356
28.323
35.064
35.113
35.104
35.066
15.896
15.951
15.934
15.983
50.811
50.816
50.830
50.639
16.806
16.804
16.797
16.774
30.590
30.302
30.283
30.325
21.832
21.868
21.792
21.906
16.196
16.255
16.329
16.474
17.086
17.138
17.249
17.439
15.473
15.544
15.572
15.667
21.041
21.109
21.163
21.241
21.460
21.517
21.574
21.650
21.501
21.533
21.585
21.653
21.479
21.511
21.564
21.632
2.3
1.0
1.1
1.4
2.1
1.3
1.0
1.5
2.3
1.1
1.1
1.4
1963:1.......
I I .....
III....
IV ....
21.732
21.754
21.794
21.923
21.386
21.416
2 1.518
21.596
45.700
4 5.843
4 5 .983
46.136
23.595
23.590
23.745
23.802
16.619
16.662
16.720
16.802
28.339
28.289
2 8.187
2 8.253
35.091
35.072
35.098
35.092
16.034
16.070
16.110
16.128
50.600
50.488
50.470
50.424
16.778
16.713
16.526
16.636
30.367
30.324
30.253
30.283
22.105
22.201
22.332
22.456
16.572
16.625
16.608
16.873
17.513
17.537
17.475
17.863
15.796
15.883
15.921
16.046
21.308
21.335
21.382
21.514
21.712
21.734
21.774
21.903
21.702
21.745
21.788
21.951
21.681
21.724
21.768
21.930
1.1
0.4
0.7
2.4
1.3
0.5
0.9
2.5
1.2
0.4
0.7
2.4
1 9 6 4 :1
.......
I I .....
Ill ....
IV....
22.001
2 2.073
22.180
22.282
21.697
2 1.744
21.815
21.889
4 6.237
4 6 .177
4 6.127
4 6.0 27
23.926
23.936
23.996
24.085
16.885
16.970
17.063
17.146
28.159
28.409
28.441
28.753
35.094
35.258
35.265
35.457
16.106
16.288
16.308
16.564
50.467
50.502
50.483
50.444
16.480
16.747
16.794
17.160
30.359
30.350
30.592
30.925
22.655
22.771
22.739
22.808
16.981
17.056
17.226
17.263
18.005
18.078
18.339
18.343
16.119
16.199
16.273
16.345
21.596
21.674
21.769
21.860
21.980
22.053
22.160
22.262
22.016
22.073
22.160
22.270
21.995
22.053
22.140
22.250
1.4
1.3
2.0
1.9
1.5
1.5
1.8
1.7
1.4
1.3
2.0
1.9
1 96 5:1.......
I I .....
III....
IV ....
22.380
22.479
22.578
2 2.717
2 1.963
22.072
22.155
22.223
4 6.065
4 5.875
4 5.615
45.329
24.172
24.381
24.528
24.611
17.213
17.288
17.366
17.468
28.771
28.831
2 8.877
2 9.224
35.509
35.600
35.701
35.878
16.595
16.716
16.761
17.092
50.506
50.491
50.639
50.443
17.145
17.164
17.148
17.631
31.620
31.516
31.547
31.431
22.993
22.895
23.054
23.296
17.378
17.458
17.632
17.885
18.412
18.476
18.685
19.058
16.508
16.605
16.746
16.881
21.940
22.037
22.140
22.292
22.361
22.460
22.559
22.698
22.383
22.480
22.563
22.707
22.363
22.460
22.544
2 2.688
1.8
1.8
1.8
2.5
1.5
1.8
1.9
2.8
1.8
1.8
1.8
2.5
1 966:1.......
I I .....
III....
IV ....
2 2.857
23.071
2 3.293
23.498
2 2.396
22.576
22.750
22.927
45.256
45.421
45 .603
45.788
24.920
25.141
25.341
25.526
17.577
17.729
17.882
18.054
29.064
29.574
29.569
29.938
35.817
36.174
36.250
36.582
17.045
17.424
17.450
17.672
50.391
50.536
50.664
51.025
17.378
18.014
17.905
18.299
31.955
32.219
32.595
33.155
23.414
23.658
23.590
23.724
18.012
18.164
18.511
18.634
19.085
19.105
19.552
19.579
17.110
17.401
17.645
17.874
22.416
22.629
22.831
23.018
22.838
23.052
23.274
23.479
22.855
23,048
23.291
23.505
22.837
23.029
23.272
23.486
2.5
3.8
3.9
3.6
2.2
3.9
3.6
3.3
2.5
3.8
3.9
3.6
1 9 6 7 :1
.......
I I .....
Ill ....
IV ....
23.611
23.759
23.977
24.242
22.993
23.108
23.322
23.525
45.664
45.893
46.430
4 6.923
25.582
25.673
25.935
26.130
18.151
18.267
18.405
18.575
30.071
30.210
30.400
30.775
36.776
36.964
37.208
37.569
17.748
17.843
17.965
18.218
51.325
51.579
51.912
52.288
18.335
18.396
18.500
18.853
33.728
33.685
33.651
33.838
23.734
23.669
23.670
23.680
18.756
18.964
19.187
19.488
19.547
19.775
19.973
20.356
18.166
18.356
18.608
18.824
23.109
23.254
23.469
23.723
23.592
23.740
23.957
24.222
23.612
23.741
23.975
24.241
23.593
23.722
23.955
24.221
1.9
2.5
3.7
4.5
1.6
2.5
3.7
4.4
1.9
2.5
3.7
4.5
1 9 6 8 :1
.......
I I .....
III....
IV....
24.503
24.777
25.017
2 5.367
23.776
24.019
24.269
2 4.542
47.221
4 7.514
47.910
48 .352
26.409
26.670
26.951
27.250
18.799
19.021
19.230
19.462
31.081
31.383
31.574
32.291
37.835
38.209
38.536
39.145
18.463
18.699
18.851
19.326
52.471
52.902
53.367
53.930
19.175
19.354
19.361
20.125
34.084
34.786
34.365
34.609
23.846
24.026
24.074
24.246
19.727
19.967
20.244
20.574
20.542
20.793
21.173
21.472
19.124
19.355
19.527
19.893
23.979
24.230
24.483
24.826
24.484
24.758
24.997
25.347
24.506
24.763
25.008
25.362
24.487
24.743
24.988
25.342
4.4
4.5
3.9
5.7
4.4
4.3
4.2
5.7
4.4
4.6
3.9
5.7
1969 :1.......
I I .....
III....
IV....
25.622
25.966
26.345
26.678
24.783
25.103
25.418
25.716
4 8.596
4 8.964
49.202
4 9.505
27.479
27.869
28.278
28.624
19.711
19.977
20.235
20.500
32.633
32.983
33.258
33.688
39.422
39.782
40.190
40.679
19.603
19.920
20.192
20.580
54.094
54.378
54.833
55.277
20.511
20.812
20.888
21.202
35.137
35.196
35.678
36.497
24.346
24.453
24.631
25.269
20.740
21.101
21.596
21.926
21.502
21.822
22.461
22.735
20.198
20.605
20.965
21.353
25.062
25.402
25.764
26.0 9 3
25.601
25.944
26.323
26.656
25.626
25.958
26.332
26.675
25.605
2 5.937
26.310
26.652
4.1
5.5
6.0
5.2
3.9
5.5
5.8
5.2
5.5
6.0
5.2
.......
1 9 7 0 :1
I I .....
III....
IV ....
27.051
27.437
2 7.655
28.009
26.018
26.304
2 6.562
26.910
49.599
49.779
50 .156
51.058
29.012
29.350
29.572
29.847
20.766
21.028
21.291
21.614
33.942
34.707
34.599
3 5.010
41.114
41.822
42.062
42.632
20.788
21.437
21.494
21.842
55.891
56.403
56.826
57.506
21.183
21.974
21.388
21.562
36.463
37.177
37.098
37.234
25.533
25.827
26.458
26.721
22.526
22.898
23.281
23.609
23.465
23.736
24.110
24.351
21.839
22.307
22.701
23.104
26.474
26.841
27.093
27.449
27.028
27.415
27.633
27.986
27.056
27.428
27.647
28.004
27.034
2 7.406
2 7.624
27.982
5.7
5.8
3.2
5.2
6.0
5.7
3.8
5.4
5.7
5.9
3.2
5.2
.......
1 9 7 1 :1
I I .....
III....
IV ....
28.429
28.809
2 9.097
29.329
27.164
27.472
27.743
27.915
51.834
5 2.223
52.076
51.768
29.949
30.245
30.521
30.722
2 1.900
2 2.202
22.521
2 2.737
35.616
36.139
36.571
36.897
4 3.219
4 3.757
44.144
44.399
22.298
22.810
2 3.319
23.732
58.052
58.418
58.477
58.412
22.137
22.586
23.011
23.364
38.317
38.411
38.234
38.471
27.398
2 7.490
27.827
28.241
24.272
24.722
25.067
25.439
25.237
25.747
2 6.133
26.710
23.578
23.980
24.290
24.503
27.854
28.230
28.539
28.779
28.407
28.788
29.076
29.308
28.425
28.798
29.089
29.322
28.403
28.777
29.069
29.300
6.1
5.5
4.1
3.2
6.0
5.5
4.5
3.4
6.2
5.5
4.1
3.2
1972:1 .......
I I .....
III....
IV ....
29.814
2 9.989
30.264
30.620
28.214
28.384
28.637
28.876
52.227
5 2.524
52.786
52.588
31.046
31.172
31.455
31.817
22.998
23.178
23.410
23.630
37.365
37.597
3 7.973
38.525
44.917
45.234
45.524
45.792
24.195
24.496
24.821
25.303
58.830
59.058
59.197
59.090
23.695
23.802
24.197
24.939
39.611
39.922
40.073
40.979
28.715
29.460
29.940
30.613
26.296
26.556
26.880
27.419
28.055
28.270
28.474
29.181
24.992
25.287
25.700
26.117
29.234
29.437
29.728
30.078
29.791
29.967
30.242
30.600
29.781
29.959
30.250
30.652
29.759
29.937
30.229
30.631
6.8
2.4
3.7
4.8
6.5
2.8
4.0
4.8
6.8
2.4
3.7
4.8
1973:1.......
I I .....
III....
IV ....
31.025
31.542
32.147
32.703
29.230
29.795
30.337
30.961
52.833
53.231
53.488
53.653
32.438
33.377
34.222
35.317
2 3.825
24.176
24.568
24.956
38.899
3 9.584
40.420
4 0.927
46.151
46.801
47.506
48.001
25.680
26.226
26.954
27.616
59.317
59.917
60.400
60.553
25.271
25.894
26.776
27.249
42.137
44.027
46.581
48.956
31.517
3 3.998
35.602
38.248
27.976
28.486
28.970
29.542
29.659
30.112
30.700
31.324
26.727
27.276
27.686
28.221
30.478
31.052
31.625
32.218
31.006
31.523
32.127
32.685
31.020
31.500
32.114
32.750
31.000
31.481
32.095
32.731
5.4
6.8
7.9
7.1
5.4
7.7
7.6
7.7
5.4
6.8
7.9
7.1
1 9 7 4 :1
.......
I I .....
III....
IV ....
33.371
34.110
35.164
36.240
31.877
32.764
33.638
34.485
54.167
55.487
57 .637
59.414
36.958
38.215
39.276
40.360
25.468
26.060
26.638
27.211
41.692
48.839
50.379
52.512
54.901
28.357
29.592
30.971
32.259
61.299
62.818
65.331
68.449
27.862
42.899
44.584
46.384
28.515
29.436
30.232
5 2.366
54.164
57.210
60.119
4 4.327
49.412
51.975
53.674
30.201
31.062
32.127
33.193
31.782
32.467
33.539
34.859
29.015
29.993
31.049
31.941
33.068
34.007
35.045
36.062
33.348
34.085
35.137
36.210
33.376
34.162
35.166
36.218
33.354
34.137
35.141
36.188
8.4
9.2
12.9
12.8
11.0
11.9
12.8
12.1
8.4
9.1
12.9
1 9 7 5 :1
.......
I I .....
III....
IV ....
3 7.077
37.622
38.324
39.005
35.132
35.578
36.247
36.862
60.365
61.544
62.233
6 3.235
40.974
41.214
42.078
42.674
27.830
28.302
28.841
29.409
48.051
49.191
49.769
50.525
57.071
58.553
59.294
60.134
33.212
33.813
34.105
34.514
71.539
73.710
74.805
75.949
31.006
31.548
31.847
32.422
61.819
61.636
61.451
61.824
5 4.477
54.628
53.407
53.475
33.886
34.499
35.080
35.829
35.637
36.140
36.826
37.854
32.574
33.255
33.764
34.329
36.849
37.412
38.060
38.724
37.049
37.595
38.299
38.981
37.050
37.614
38.313
38.987
37.022
37.586
38.288
38.961
9.6
6.0
7.7
7.3
9.0
6.3
7.1
7.2
9.6
6.0
7.7
7.3
1976 :1.......
I I .....
III....
IV ....
39.443
3 9.866
40.405
4 1.096
37.270
37.592
38.166
38.765
6 4.073
64.802
6 5.572
66.664
42.831
42.955
43.522
44.076
29.905
30.287
30.834
31.388
51.006
51.894
52.624
53.450
60.807
61.566
62.385
63.313
34.709
35.341
35.867
36.368
77.025
77.752
78.719
79.926
32.603
33.562
34.101
34.705
62.721
5 4.366
5 5.188
5 6.177
56.758
36.332
36.832
37.289
38.020
38.297
38.741
39.349
40.483
34.869
35.402
35.758
36.222
39.163
39.595
40.168
40.828
39.420
39.844
40.384
41.076
39.418
39.840
40.385
41.122
39.396
39.818
40.365
41.101
4.6
4.4
5.5
7.0
4.6
4.5
5.9
6.7
4.6
4.4
5.5
7.0
63.405
63.779
64.923
4.1
12.8
August 2008
Survey of Current Business
179
Table 3. Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continues
[In d e x n u m b e rs, 2 0 0 0 = 1 0 0 ; q u a rte rly e s tim a te s are se a s o n a lly ad ju ste d ]
Implicit price
deflators
Chain-type price indexes
Year and
quarter
Personal consumption expenditures
Gross
domestic
product
Exports and
imports of goods
and services
Private fixed investment
Government consumption
expenditures and gross
investment
Nonresidential
Total
Durable
goods
Non
durable
goods
Services
Total
Total
Struc
tures
Equip
ment and
software
Resi
dential
Exports
Imports
Total
Federal
State
and
local
Gross
Gross
Gross
Gross
domestic
national domestic national
pur
product product product
chases
Percent change from
preceding period for
chain-type price indexes
Gross
Gross
Gross
domestic
domestic
national
pur
product
product
chases
1 9 7 7 :1 ......
I I .....
III....
41.781
42.452
43.036
43.762
39.452
40.130
40.736
41.321
67.271
67.635
6 8.340
6 9.270
44.868
45.727
46.253
46.798
32.016
32.630
33.265
33.820
54.622
55.671
56.931
58.145
64.642
65.646
66.799
67.947
37.510
38.196
39.045
39.852
81.194
82.346
83.603
84.900
35.537
36.501
37.708
38.842
65.657
66.632
66.302
66.616
58.742
60.374
61.176
61.801
38.776
39.381
39.837
40.782
41.352
41.878
42.053
43.435
36.898
37.553
38.193
38.844
41.591
42.306
42.950
43.688
41.759
42.431
43.017
43.741
41.796
42.401
42.917
43.852
41.773
42.381
42.899
43.831
6.8
6.6
5.6
6.9
7.7
7.1
6.2
7.1
6.8
6.6
5.6
6.9
1 9 7 8 :1 ......
I I .....
III....
4 4.493
45.350
46.133
47.074
4 2.018
42.885
43.635
4 4.456
70.320
71.409
7 2 .578
7 3 .844
47.462
48.618
49.489
50.371
34.482
35.143
35.758
36.474
59.273
60.511
61.684
62.936
68.947
70.096
71.246
72.489
40.726
41.852
42.887
44.063
85.859
86.837
87.896
88.970
39.988
41.182
42.246
43.367
67.926
69.616
70.754
73.072
62.845
64.364
65.425
66.555
41.301
41.878
42.484
43.276
43.863
44.308
44.909
46.058
39.422
40.082
40.688
41.243
44.410
45.266
46.048
46.928
44.471
45.331
46.113
47.055
44.505
45.321
46.072
47.047
44.483
45.301
46.052
47.027
6.9
7.9
7.1
8.4
6.8
7.9
7.1
7.9
6.8
8.0
7.1
8.4
1 9 7 9 : 1 ......
I I .....
III....
47.929
49.092
50.102
51.088
4 5.28 4
4 6.509
4 7.650
48.793
7 5.068
7 6.403
77 .258
7 8 .590
51.733
53.402
55.011
56.443
36.926
37.867
38.766
39.704
64.241
65.911
67.529
68.884
74.027
75.688
77.307
78.738
45.281
46.675
48.130
49.167
90.565
92.205
93.693
95.263
44.216
4 5.734
47.203
48.343
75.218
78.281
80.122
81.610
6 9.149
72.745
78.196
83.425
44.135
45.019
46.297
47.648
46.718
47.435
48.391
50.382
42.228
43.219
44.704
45.626
47.828
49.044
50.289
51.515
47.910
49.071
50.080
51.065
47.876
49.058
50.115
51.117
47.857
49.034
50.093
51.093
7.5
10.1
8.5
8.1
7.9
10.6
10.5
10.1
7.5
10.1
8.5
8.1
1 9 8 0 :1 ......
I I .....
III....
52.209
53.362
54.572
56.105
50.246
5 1.457
52.652
53.955
80 .817
8 2.623
84.102
8 5.564
58.472
59.840
61.081
62.405
40.699
41.721
42.831
44.077
70.486
72.117
73.673
75.272
80.492
82.353
84.101
85.846
50.024
51.050
52.137
53.749
97.644
100.042
102.152
103.635
49.617
50.784
51.948
53.227
84.003
85.161
87.557
90.483
90.352
93.632
9 6.225
97.844
48.782
50.050
51.179
53.034
51.307
52.492
53.346
56.052
46.894
48.216
49.535
50.789
52.930
54.220
55.446
56.907
52.183
53.334
54.543
56.074
52.195
53.349
54.560
56.071
52.172
53.324
54.534
56.043
9.1
9.1
9.4
11.7
11.4
10.1
9.4
11.0
9.0
9.1
9.4
11.7
1 9 8 1 :1 ......
I I .....
III....
57.566
58.582
59.661
60.704
55.349
5 6.265
5 7 .197
58.068
86 .676
88.350
89.667
90.821
64.172
64.874
65.479
65.993
45.270
46.195
47.247
48.270
77.307
79.051
80.383
81.939
88.316
90.502
92.137
94.027
56.084
58.025
59.677
61.734
105.677
107.648
108.887
110.096
54.388
55.245
55.946
56.770
92.769
93.162
93.310
93.628
100.422
101.000
9 8.365
98.587
54.359
55.341
56.001
57.309
56.999
57.879
58.513
60.513
52.380
53.437
54.117
54.904
58.397
59.434
60.355
61.400
57.540
58.555
59.638
60.682
57.517
58.598
59.641
60.729
57.492
58.571
59.616
60.706
10.8
7.2
7.6
7.2
10.9
7.3
6.3
7.1
10.9
7.2
7.6
7.2
1 9 8 2 :1 ......
I I .....
III....
6 1.563
62.330
63.193
63.866
58.803
59.365
60.294
60.972
91.599
92.343
92.618
92.871
66.400
66.512
67.368
67.541
49.172
49.957
50.990
51.992
83.066
84.027
84.485
84.609
95.287
96.310
96.762
96.824
63.054
63.709
63.896
6 3.603
110.931
112.143
112.808
113.289
57.608
58.461
58.955
59.232
94.162
94.107
93.431
92.882
98.272
9 6.563
95.420
94.687
58.213
59.044
59.761
60.638
61.355
62.108
62.629
63.691
55.854
56.746
57.613
58.347
62.213
62.883
63.717
64.372
61.538
62.302
63.165
63.839
61.555
62.302
63.182
63.863
61.530
62.276
63.155
63.837
5.8
5.1
5.7
4.3
5.4
4.4
5.4
4.2
5.8
5.1
5.7
4.3
1 9 8 3 :1 ......
I I .....
III....
6 4.413
64.881
65.542
66.020
61.498
62.063
62.880
63.303
93.535
93.862
9 4.353
94.975
67.504
68.313
68.810
6 8.917
52.807
53.259
54.284
54.847
84.194
83.855
83.739
83.858
96.079
95.489
95.143
95.015
62.508
61.866
6 1.733
61.648
113.135
112.725
112.209
112.050
59.518
59.664
59.958
60.490
93.277
93.607
94.127
95.049
92.688
92.687
92.864
92.277
61.026
61.555
62.085
62.449
64.046
64.449
64.904
65.049
58.761
59.392
59.984
60.526
64.768
65.213
65.849
66.231
64.388
64.859
65.520
66.000
64.388
64.853
65.517
66.012
64.363
64.831
65.495
65.991
3.5
2.9
4.1
2.9
2.5
2.8
4.0
2.3
3.5
3.0
4.1
3.0
1 9 8 4 :1 ......
I I .....
III....
66.838
67.439
67.989
68.392
63.978
6 4.599
65.098
65.506
94.938
95.565
9 5.756
95 .943
69.693
69.848
70.085
70.390
55.560
56.433
57.118
57.610
83.937
84.306
84.564
84.787
94.924
95.216
95.279
95.362
61.721
62.330
62.726
6 3.095
111.811
111.724
111.438
111.218
60.851
61.338
61.929
62.401
95.170
95.781
94.808
9 3.788
92.555
93.071
91.413
90.278
64.138
64.761
65.277
6 5.644
67.660
68.291
68.786
68.966
61.478
62.094
62.628
63.145
67.052
67.647
68.114
68.476
66.816
67.417
67.965
68.366
66.837
67.414
67.953
68.385
66.815
67.392
67.930
68.359
5.0
3.6
3.3
2.4
5.1
3.6
2.8
2.1
5.0
3.6
3.3
2.4
1 9 8 5 :1 ......
I I .....
III....
6 9.180
6 9.542
69.876
70.299
66.212
66.714
67.144
67.672
96 .443
96.699
9 6.545
96.794
70.919
71.411
71.640
72.201
58.438
58.979
59.605
60.157
85.054
85.169
85.527
86.077
95.595
95.697
96.008
96.445
63.570
63.720
64.056
64.414
111.156
111.193
111.428
111.874
62.721
62.856
63.283
64.015
92.770
92.409
91.445
91.310
88.135
88.502
88.430
90.185
66.489
66.774
66.994
67.624
69.876
69.846
69.743
70.432
63.942
64.484
64.972
65.557
69.137
69.537
69.907
70.459
69.152
69.520
69.864
70.286
69.155
69.550
69.838
70.289
69.127
69.529
69.827
70.276
4.7
2.1
1.9
2.4
3.9
2.3
2.1
3.2
4.7
2.1
2.0
2.4
1 9 8 6 :1 ......
I I .....
III....
7 0.660
71.001
71.455
71.960
68.159
68.200
6 8.713
69.203
96.797
97 .278
98 .068
98.596
72.012
70.738
71.056
71.287
61.084
61.770
62.341
62.966
86.471
87.136
87.896
88.501
96.611
97.278
97.953
98.423
64.679
65.024
65.314
65.656
111.929
112.804
113.729
114.250
64.785
65.407
66.250
67.028
90.852
90.525
90.190
9 0.989
90.383
87.610
88.213
89.278
6 7.739
67.885
68.254
68.822
70.262
70.253
70.372
70.520
65.903
66.174
66.752
67.668
70.851
70.985
71.493
72.025
70.642
70.979
71.430
71.932
70.652
71.015
71.426
71.893
70.635
70.993
71.401
71.866
2.1
1.9
2.6
2.9
2.2
0.8
2.9
3.0
2.0
1.9
2.6
2.8
1 9 8 7 :1 ......
I I .....
III....
7 2.514
72.904
7 3.450
73.948
69.984
70.586
71.306
71.911
99 .429
100.190
100.939
101.301
72.709
73.444
74.144
74.628
63.386
63.886
64.608
65.314
88.772
88.884
89.046
89.772
98.410
98.258
98.150
98.921
65.662
114.211
113.723
113.234
114.017
67.728
68.245
68.828
69.440
91.399
92.620
92.953
94.524
91.616
93.994
94.952
96.441
69.500
69.899
70.344
70.480
71.004
71.116
71.321
71.360
68.505
72.487
72.892
73.437
73.935
72.882
73.425
73.958
72.465
72.870
73.412
73.944
3.1
2.2
3.0
2.7
4.0
69.143
69.789
70.007
72.728
73.229
73.819
74.332
72.492
65.925
66.281
66.926
2.8
3.3
2.8
3.2
2.2
3.0
2.7
1 9 8 8 : 1......
I I .....
III....
74.564
75.296
76.178
76.786
72.534
73.337
74.213
74.938
101.040
101.552
102.220
102.873
74.977
75.770
76.730
77.348
66.224
67.077
67.940
68.729
90.584
99.815
91.134 100.296
91.556 100.694
92.449 101.694
67.991
68.662
69.335
70.076
114.667
114.942
115.076
116.179
70.069
70.700
71.139
71.805
95.640
97.635
98.844
98.630
97.787
99.544
98.468
99.296
71.158
71.778
72.146
72.515
72.198
72.744
72.836
73.038
70.557
71.237
71.822
72.324
74.975
75.706
76.406
77.086
74.548
75.280
76.161
76.773
74.587
75.300
76.141
76.712
74.571
75.285
76.124
76.700
3.4
4.0
4.8
3.2
3.5
4.0
3.8
3.6
3.4
4.0
4.8
3.3
1 9 8 9 : 1......
I I .....
III....
77.588
78.342
78.913
79.433
75.827
76.815
77.304
77.943
103.427
103.521
103.802
104.119
78.317
80.109
80.228
80.714
69.628
70.335
71.050
71.820
92.907
93.469
93.851
94.338
102.103
102.472
102.923
103.427
70.671
71.504
72.053
72.600
116.399
116.378
116.714
117.137
72.321
73.197
73.442
73.886
99.610
99.718
99.104
98.806
100.878
101.964
100.203
100.732
73.459
73.940
74.351
74.808
74.286
74.524
74.983
74.916
73.033
73.704
74.081
74.942
77.937
78.764
79.227
79.807
77.575
78.334
78.909
79.430
77.580
78.324
78.879
79.425
77.566
78.316
78.875
79.422
4.2
3.9
2.9
2.7
4.5
4.3
2.4
3.0
4.2
4.0
3.0
2.7
1 9 9 0 :1 ......
I I .....
III....
8 0.389
8 1.326
82.053
82.689
79.096
79.947
8 0.950
81.998
104.572
104.455
104.464
104.753
82.547
83.153
84.679
86.525
72.721
73.854
74.734
75.478
94.862
95.168
95.772
96.365
103.899
104.204
104.930
105.745
73.208
73.726
74.336
74.789
117.459
117.568
118.314
119.331
74.497
74.799
75.149
75.275
98.904
99.245
100.155
101.624
102.244
100.461
103.404
109.194
75.941
76.655
77.395
78.563
76.009
76.713
77.251
78.597
76.108
76.831
77.726
78.764
80.878
81.629
82.531
83.536
80.390
81.317
82.051
82.694
80.375
81.311
82.031
82.646
80.376
81.301
82.028
82.652
4.9
4.7
3.6
3.1
5.5
3.8
4.5
5.0
4.9
4.7
3.7
3.2
1 9 9 1 :1 ......
I I .....
III....
83.662
84.194
84.772
85.200
82.614
83.072
83.660
84.328
105.693
105.879
106.274
106.477
86.377
86.635
86.844
87.260
76.432
77.030
77.834
78.691
9 7.069
97.056
97.018
9 6.698
106.671
106.495
106.215
105.874
75.461
75.581
75.559
74.820
120.370
119.992
119.555
119.499
75.488
75.829
76.298
76.033
102.017
101.445
100.783
101.006
105.904
103.057
101.839
102.881
79.274
79.445
80.015
80.412
79.675
79.818
80.450
80.985
79.200
79.393
79.918
80.214
84.197
84.533
85.058
85.556
83.659
84.193
84.769
85.195
83.626
84.165
84.762
85.206
83.623
84.164
84.758
85.202
4.8
2.6
2.8
2.0
3.2
1.6
2.5
2.4
4.8
2.6
2.8
2.0
1 9 9 2 :1 ......
I I .....
III....
85.766
86.212
86.587
87.042
84.982
8 5.526
86.123
86.667
106.497
106.748
87.464
87.862
79.659
80.316
106.798
106.980
88.418
88.677
81.011
81.749
96.517
96.555
96.687
96.920
105.736
105.421
105.335
105.153
74.800
75.084
75.427
76.009
119.285
118.606
118.259
117.625
75.784
76.486
77.029
78.042
100.870
100.939
100.983
100.776
102.407
103.031
104.616
104.156
81.015
81.598
82.039
82.224
81.939
82.498
83.033
82.939
80.567
81.167
81.541
81.924
86.093
86.588
87.098
87.531
85.754
86.203
86.574
87.032
85.721
86.190
86.580
87.029
85.710
86.181
86.567
87.019
2.7
2.1
1.8
2.1
2.5
2.3
2.4
2.0
2.7
2.1
1.7
2.1
1 9 9 3 :1 ......
I I .....
III....
IV....
87.729
88.204
88.599
89.030
8 7.116
87.678
87.979
88.443
106.962
107.584
108.113
108.703
88.996
88.981
88.758
89.157
82.334
83.173
83.700
84.172
9 7.446
97.727
97.953
9 8.096
105.472
105.508
105.470
105.497
76.610
77.278
77.916
78.605
117.768
117.450
117.042
116.714
78.938
79.675
80.397
80.753
100.815
101.067
100.917
100.794
102.621
103.369
102.470
102.226
83.092
83.583
84.028
84.454
83.899
84.448
85.186
85.620
82.726
83.177
83.426
83.848
88.076
88.595
88.916
89.331
87.726
88.202
88.603
89.039
87.707
88.190
88.570
89.038
87.705
88.189
88.574
89.048
3.2
2.2
1.8
2.0
2.5
2.4
1.5
1.9
3.2
2.2
1.8
2.0
180
GDP and Other Major NIPA Series
August 2008
T a b le 3 . P r i c e I n d e x e s t o r G r o s s D o m e s t i c P r o d u c t a n d G r o s s D o m e s t i c P u r c h a s e s — T a b le E n d s
[Index num bers, 2 0 0 0 = 1 0 0 ; q u arterly estim ates are seaso nally adjusted]
Implicit price
deflators
Chain-type price indexes
Year and
quarter
Personal consumption expenditures
Gross
domestic
product
Exports and
imports of goods
and services
Private fixed investment
Government consumption
expenditures and gross
investment
Nonresidential
Total
Durable
goods
durable
goods
Services
Total
Total
Struc
tures
Equip
ment and
software
Resi
dential
Exports
Imports
Total
Federal
State
and
local
Percent change from
preceding period for
chain-type price indexes
Gross
Gross
Gross
Gross
Gross
Gross
Gross
domestic
domestic
national domestic national domestic
national
pur
pur
Non product product product product
product
chases
chases
1994:1.......
I I .....
III....
IV ....
89.598
8 9.980
9 0.525
90.958
88.794
89.278
90.070
90.472
109.055
109.697
110.475
110.683
89.009
89.235
90.022
90.153
84.771
85.356
86.148
86.716
105.837
106.066
106.174
105.954
79.245
79.735
80.712
81.861
116.892
116.985
116.648
115.761
81.684
82.155
83.043
84.135
101.274
101.649
102.281
102.930
101.694
102.996
104.675
105.171
85.237
85.794
86.188
86.788
86.165
87.126
87.126
87.824
84.789
85.091
85.735
86.274
89.800
90.271
90.921
91.340
8 9.604
89.989
90.524
90.959
89.578
89.954
90.530
90.952
89.583
89.963
90.527
90.953
2.6
1.7
2.4
1.9
2.1
2.1
2.9
1.9
2.6
1.7
2.4
1.9
1 9 9 5 :1.......
I I .....
III....
IV ....
91.554
91.891
92.281
92.734
90.909
91.412
91.801
92.185
111.054
110.890
110.490
110.253
90.213
90.564
90.782
90.958
87.353
99.981 106.056
88.041 100.310 106.353
88.646 100.439 106.383
89.240 100.437 106.165
82.844
83.392
84.293
8 4.987
115.446
115.621
115.235
114.593
85.175
85.577
85.928
86.398
104.030
104.825
104.571
104.077
105.618
107.465
106.736
105.828
87.730
88.094
88.401
89.205
88.832
8 8.963
89.293
90.924
87.173
87.678
87.971
88.288
91.877
92.329
92.662
93.065
91.557
91.900
92.290
92.744
91.530
91.859
92.289
92.733
91.534
91.868
92.299
92.743
2.6
1.5
1.7
2.0
2.4
2.0
1.5
1.8
2.7
1.5
1.7
2.0
1996:1.......
I I .....
III....
IV ....
93.302
93.615
94.064
94.455
92.758
93.352
93.725
94.352
110.394
109.587
109.228
108.817
91.718
92.568
92.577
93.403
89.792 100.117 105.552
90.501
99.816 104.926
91.186 100.114
91.898 100.064 104.651
85.069
85.410
86.535
87.165
113.667
112.609
112.094
111.435
86.718
87.118
88.083
88.520
103.875
103.514
102.777
101.785
105.411
104.950
103.787
103.968
90.321
9 0.016
9 0.523
91.102
92.245
91.451
9 1.812
92.419
89.285
89.268
8 9.860
90.422
93.602
93.897
94.286
94.796
93.312
93.626
94.073
94.463
93.328
93.659
93.951
94.450
93.338
93.671
93.962
94.458
2.5
1.3
1.9
1.7
2.3
1.3
1.7
2.2
2.5
1.4
1.9
1.7
1997 :1.......
I I .....
III....
IV ....
94.963
95.291
95.541
95.864
94.781
94.961
95.218
95 .536
108.369
107.290
106.581
106.031
93.833
93.678
93.801
94.026
92.485
93.065
93.570
94.099
99.914 104.245
99.793 103.890
99.807 103.589
99.626 103.061
88.047
88.854
89.813
90.810
110.463
109.611
108.783
107.624
88.969
89.396
90.167
90.839
101.534
101.452
101.183
100.760
102.763
100.819
100.165
99.516
91.819
91.908
92.115
92.715
9 3.284
93.386
93.481
93.982
91.055
91.136
91.405
92.060
95.189
95.296
95.494
95.781
94.968
95.297
95.549
95.869
95.054
95.206
95.534
95.846
95.058
95.212
95.542
95.851
2.2
1.4
1.1
1.4
1.7
0.5
0.8
1.2
2.2
1.4
1.1
1.3
1 9 9 8 :1
.......
I I .....
III....
IV ....
9 6.096
9 6.284
9 6.620
96.901
95 .610
95.771
96 .088
96.443
105.245
104.524
103.773
103.067
93.578
93.521
93.973
94.213
94.598
95.040
95.503
96.133
99.105
98.834
98.769
98.736
102.220
101.591
101.133
100.739
92.138
9 3.157
93.926
9 4.674
105.898
104.615
103.676
102.845
91.102
91.723
92.635
93.499
99.768
99.225
98.461
98.165
96.720
95.664
94.515
94.513
92.953
93.231
93.628
94.066
94.266
94.431
94.555
94.794
92.274
92.612
9 3.154
93.697
95.773
95.881
96.141
96.444
96.099
96.288
96.623
96.899
96.089
96.249
96.600
96.934
96.091
96.254
96.604
96.932
1.0
0.8
1.4
1.2
0.0
0.5
1.1
1.3
1.0
0.8
1.4
1.1
1 9 9 9 :1
.......
I I .....
III....
IV ....
9 7.274
97.701
98.022
98.475
96.687
97.319
97.855
98.438
102.292
101.833
101.455
100.923
94.566
95.801
96.751
97.575
96.535
97.094
97.620
98.322
98.922 100.632
98.925 100.235
98.790
99.737
98.916
99.625
95.302
95.880
9 6.513
97.331
102.476
101.732
100.844
100.413
94.415
95.442
96.253
97.010
97.956
98.145
98.345
98.807
94.023
95.268
96.634
97.914
9 4.803
95.639
96.475
97.397
96.055
96.583
97.120
97.777
94.162
9 5.157
96.146
97.205
96.761
97.317
97.790
98.356
97.276
97.702
98.022
98.476
97.328
97.674
98.013
98.432
97.330
97.675
98.014
98.433
1.5
1.8
1.3
1.9
1.3
2.3
2.0
2.3
1.6
1.8
1.3
1.9
2 0 0 0 : 1.......
I I .....
III....
IV ....
99.292
99.780
100.241
100.687
99.296
99.777
100.239
100.687
100.471
100.337
99.715
99.477
98.816
99.717
100.562
100.905
99.276
99.481
99.772
9 8.482
99.685
99.788
99.841
99.366
100.194 100.252 100.191 100.455
100.845 100.479 100.195 101.697
100.212
100.005
100.102
99.681
98.683
99.635
100.418
101.263
99.461
99.989
100.223
100.327
99.321
99.487
100.506
100.686
9 8.970
99.489
98.707
99.395
99.223
99.483
100.486 100.449 100.504
101.149 100.838 101.306
99.287
99.275
99.714 99.775
100.283 100.245
100.727 100.693
99.317
99.745
100.259
100.666
99.311
99.741
100.262
100.672
3.4
2.0
1.9
1.8
3.8
1.8
2.3
1.8
3.3
2.0
1.9
1.8
2 0 0 1 : I.......
I I .....
III....
IV ....
101.507
102.290
102.690
103.122
101.502
102.146
102.291
102.437
9 9.137
9 8.369
97.669
97.279
101.256
102.121
101.895
100.852
102.149
102.997
103.512
104.368
100.410
100.856
101.399
101.427
99.605
99.743
99.818
99.564
103.196
104.835
106.512
107.069
98.376
97.996
97.497
96.964
102.628
103.889
105.639
106.377
100.345
100.017
99.512
98.623
99.926
98.416
97.089
94.556
101.929
102.384
102.792
103.072
101.309
101.587
102.143
102.589
102.245
102.789
103.121
103,315
101.403
101.974
102.223
102.378
101.510
102.286
102.685
103.114
101.478
102.252
102.675
103.191
101.480
102.248
102.671
103.183
3.3
3.1
1.6
1.7
2.7
2.3
1.0
0.6
3.3
3.1
1.6
1.7
2 0 0 2 :1
.......
I I .....
III....
IV ....
103.553
103.944
104.347
104.926
102.673
103.385
103.841
104.268
96.496
96.029
95.594
94.946
100.895
102.238
102.464
102.760
104.937
105.608
106.390
107.137
101.348
101.480
101.532
102.279
99.542 108.065
99.485 109.455
99.380 110.612
99.645 111.988
96.607
96.087
95.598
95.534
106.151
106.720
107.130
108.960
98.360
99.048
99.772
99.911
94.146
96.474
9 7.304
97.441
104.378
105.126
105.795
106.728
105.098
105.231
105.502
106.696
103.997
105.064
105.943
106.734
102.755
103.385
103.816
104.374
103.543
103.935
104.339
104.919
103.568
103.938
104.328
104.907
103.552
103.928
104.321
104.903
1.7
1.5
1.6
2.2
1.5
2.5
1.7
2.2
1.7
1.5
1.6
2.2
2 0 0 3 :1
.......
I I .....
III....
IV ....
105.742
106.076
106.616
107.204
105.059
105.235
105.851
106.242
93.795
92.785
91 .848
91.037
104.175
103.423
104.424
104.558
108.076
109.002
109.808
110.629
103.067
102.865
103.207
104.111
99.664 113.295
99.341 113.239
99.509 113.894
99.849 115.058
95.173
94.774
94.799
94.902
111.434
111.496
112.225
114.331
100.920
101.192
101.423
102.181
100.078
9 9.093
99.734
99.836
109.107
109.449
110.118
110.724
109.578
109.987
110.257
110.556
108.840
109.144
110.041
110.822
105.435
105.587
106.170
106.671
105.736
106.067
106.607
107.194
105.724
106.062
106.611
107.190
105.718
106.053
106.602
107.180
3.1
1.3
2.1
2.2
4.1
0.6
2.2
1.9
3.2
1.3
2.1
2.2
.......
2 0 0 4 :1
I I .....
III....
IV ....
108.180
109.185
109.807
110.677
107.163
108.179
108.703
109.521
9 0.927
9 0.986
90.415
90.454
105.918
107.530
107.903
109.153
111.582 105.165
112.532 106.382
113.406 107.404
114.198 108.429
100.123 116.960
100.729 119.118
101.048 122.026
101.686 125.544
94.708
94.872
94.477
94.344
117.027
119.511
121.984
123.826
103.567
104.785
105.273
106.362
102.047
103.872
105.212
106.973
112.657
114.028
115.361
116.971
113.641
115.164
115.863
116.621
112.088
113.369
115.077
117.191
107.787
108.893
109.637
110.622
108.175
109.178
109.799
110.671
108.175
109.178
109.793
110.671
108.170
109.173
109.786
110.666
3.7
3.8
2.3
3.2
4.3
4.2
2.8
3.6
3.7
3.8
2.3
3.2
2 0 0 5 :1
.......
I I .....
Ill ....
IV ....
111.778
112.357
113.487
114.536
110.187
110.881
112.168
113.089
9 0.547
9 0.343
89.629
89.417
109.554
110.100
113.057
113.712
115.140
116.139
117.088
118.433
102.778 129.122
103.459 132.274
103.972 136.911
105.107 142.400
94.777
94.800
94.260
94.299
125.407
127.492
130.852
133.320
107.557
108.489
109.169
110.042
107.582
110.096
112.840
114.098
119.162
120.378
122.443
123.897
119.921
120.433
121.364
121.618
118.722
120.355
123.099
125.273
111.638
112.484
113.913
115.016
111.769
112.355
113.487
114.533
111.765
112.346
113.468
114.525
111.757
112.344
113.469
114.523
4.0
2.1
4.1
3.7
3.7
3.1
5.2
3.9
4.0
2.1
4.1
3.7
2 0 0 6 :1
.......
I I .....
III....
IV ....
115.536
116.317
117.109
117.742
113.581
114.499
115.381
115.239
89.208
89 .0 27
88.726
8 8.126
113.794
115.155
116.412
114.578
119.313 115.208 106.217 147.181
120.285 116.172 107.070 151.404
121.279 116.610 107.530 153.108
122.130 117.528 108.291 155.595
94.471
94.457
94.578
94.870
135.418
136.670
137.089
138.412
110.834
112.418
113.722
113.499
113.796
116.619
118.055
115.258
125.399
126.911
127.955
128.690
124.614
125.866
126.233
126.513
125.880
127.548
128.999
130.008
115.832
116.859
117.700
117.873
115.531
116.315
117.109
117.736
115.533
116.317
117.107
117.732
115.529
116.315
117.107
117.726
3.5
2.7
2.8
2.2
2.9
3.6
2.9
0.6
3.5
2.7
2.8
2.2
2 0 0 7 :1
.......
I I .....
III....
IV ....
118.935
119.531
119.984
120.826
116.202
117.246
117.969
119.221
87.717
87.365
8 6.938
86.598
116.025
117.830
118.682
121.092
123.200
124.218
125.179
126.253
156.912
157.195
157.402
159.138
94.976
94.992
94.712
94.798
139.181
138.733
138.820
138.803
114.520
116.011
117.018
118.794
115.514
119.050
121.200
124.907
130.705
132.386
133.497
135.174
128.856
130.037
130.342
131.070
131.828
133.806
135.400
137.649
118.931
119.908
120.571
121.766
118.932
119.529
119.978
120.822
118.956
119.547
119.997
120.743
118.952
119.542
119.990
120.737
4.1
2.0
1.5
2.8
3.6
3.3
2.2
4.0
4.1
2.0
1.5
2.8
2 0 0 8 : 1.......
I I .....
121.613
121.933
120.283
121.530
86.581
86.237
123.059
125.034
127.133 118.117 109.177 160.182
128.418 118.459 109.799 161.601
94.700
95.084
137.900
137.140
121.397
124.406
128.722
137.080
137.237 132.879 139.866
139.562 134.494 142.626
122.821 121.601
124.098
121.508
121.843
121.495
2.6
1.1
3.5
4.2
2.6
98.648
98.965
99.348
99.573
1495
0. 1
109.683
110.816
112.249
113.803
118.008
117.945
117.836
118.189
108.654
108.730
108.558
109.015
August 2008
Survey of Current Business
181
Table 4. National Income and Disposition of Personal Income—Continues
[B n o d lla ; q a rlye timte a s a o a a ju te a a n a ra s
illio s f o rs u rte s a s re e s n lly d s d t n u l te]
National income
Compensation of employees
Year and
quarter
National
income
Total
W age
and
salary
accruals
Supple
ments to
wages
and
salaries
Proprietors'
income with IVA
and CCAdj
Farm
Nonfarm
Disposition of personal income
Rental
Corporate
profits
income of
persons
with IVA
with
and
CCAdj
CCAdj
Net
Taxes on
interest production Business
and
and
current
miscel
imports
transfer
less
payments
laneous
payments subsidies1
Adden
Current
dum:
Equals:
surplus
Corporate
Less:
of
Dispos
Personal Personal
profits
govern
able
after tax
income
current
ment
personal
without
taxes
enter
income
IVA and
prises 1
CCAdj
Saving as
a percent
Real
Equals:
Less:
age of
disposable
Personal Personal
disposable personal
saving
outlays
personal
in co m e2
income
1 9 2 9 ..............
94.2
51.1
50.5
0.7
5.8
8.4
6.2
10.8
4.6
6.8
0.5
9.2
85.1
1.7
83.4
79.6
3.8
4.5
712.7
1 9 3 0 ..............
1 9 3 1 ..............
1 9 3 2 ..............
1 9 3 3 ..............
1 9 3 4 ..............
83.1
67.6
51.3
48 .9
58.3
46.9
39.8
31.1
29.6
34.3
46.2
39.2
30.5
29.0
33.7
0.7
0.6
0.6
0.5
0.6
4.0
3.1
1.8
2.3
2.7
7.0
5.3
3.3
3.1
4.4
5.5
4.5
3.6
2.9
2.6
7.5
2.9
- 0 .2
-0 .1
2.5
4.8
4.8
4.5
4.0
4.0
7.0
6.6
6.5
6.8
7.2
0.5
0.5
0.6
0.5
0.5
3.4
-0 .1
- 1 .9
1.2
2.3
76.3
65.3
49.9
46.9
53.7
1.6
1.0
0.7
0.8
0.9
74.7
64.3
49.2
46.1
52.8
71.6
61.8
49.7
46.8
52.3
3.1
2.5
- 0 .5
- 0 .7
0.5
4.1
3.9
- 0 .9
- 1 .5
1.0
666.8
643.5
558.4
5 42.3
594.5
1 9 3 5 ..............
1 9 3 6 ..............
1 9 3 7 ..............
1 9 3 8 ..............
1 9 3 9 ..............
66.3
75.0
83.6
76.8
82.2
3 7.4
42.9
48.0
45.0
48.1
36.7
42.0
46.1
43.0
46.0
0.7
1.0
1.8
2.0
2.2
5.0
4.0
5.7
4.1
4.1
5.2
6.4
6.9
6.6
7.1
2.6
2.8
3,0
3.6
3,8
4.0
6.2
7.1
5.0
6.6
4.1
3.8
3.7
3.6
3.6
7.5
8.3
8.7
8.6
8.5
0.5
0.5
0.5
0.4
0.4
3.3
5.5
5.9
3.4
6.2
60.4
68.7
74.1
68.4
72.9
1.1
1.3
1.9
1.9
1.5
59.3
67.4
72.2
66.6
71.4
56.7
63.1
67.9
65.3
68.2
2.6
4.3
4.3
1.3
3.2
4.3
6.3
6.0
2.0
4.5
652.2
733.6
7 58.6
715.5
774.9
1 9 4 0 ..............
1 9 4 1 ..............
1 9 4 2 ..............
1 9 4 3 ..............
1 9 4 4 ..............
91 .2
116.0
149.8
184.5
198.2
52.2
64.8
85.3
109.6
121.3
49.9
62.1
82.1
105.8
116.7
2.3
2.7
3.2
3.8
4.5
4.1
6.1
9.7
11.6
11.5
8.2
10.6
13.7
16.7
18.0
3,9
4.5
5.5
6.1
6.5
9.8
15.5
20.6
24.9
24.9
3.3
3.3
3.2
2.9
2.4
9.2
10.7
11.2
12.0
12.8
0.5
0.5
0.5
0.6
0.8
7.6
10.7
10.6
11.5
11.5
78.5
96.1
123.5
152.2
166.0
1.7
2.3
4.9
16.7
17.7
76.8
93.8
118.6
135.4
148.3
72.4
82.3
90.0
100.8
109.7
4.4
11.5
28.6
34.6
38.7
5.7
12.2
24.1
25.6
26.1
826.5
950.7
1,069.9
1,119.9
1,160.7
1 9 4 5 ..............
1 9 4 6 ..............
1 9 4 7 ..............
1 9 4 8 ..............
1 9 4 9 ..............
198.4
198.5
216.6
243.0
2 38.0
123.3
119.6
130.1
142.0
141.9
117.5
112.0
123.1
135.6
134.7
5.8
7.6
7.0
6.4
7.1
11.8
14.2
14.4
16.7
12.0
19.0
21.4
20.2
22.6
22.7
6.7
7.1
7.2
7.9
8.2
20.3
17.8
23.7
31.2
29.1
2.3
1.9
2.5
2.6
2.9
14.1
15.7
17.9
19.4
20.6
0.9
0.7
0.7
0.7
0.7
9.3
15.8
20.7
23.5
19.4
171.7
178.6
191.0
209.8
207.1
19.4
17.2
19.8
19.2
16.7
152.2
161.4
171.2
190.6
190.4
121.2
145.9
163.8
177.3
180.9
31.1
15.5
7.4
13.4
9.5
20.4
9.6
4.3
7.0
5.0
1,145.3
1,132.7
1,090.3
1,148.4
1,155.8
1 9 5 0 ..............
1 9 5 1 ..............
1 9 5 2 ..............
1 9 5 3 ..............
1 9 5 4 ..............
26 4.4
30 4.3
321.8
339.5
339.4
155.3
181.4
196.2
210.2
209.2
147.3
171.6
185.6
199.0
197.3
8.0
9.8
10.5
11.2
11.9
12.9
15.3
14.3
12.1
11.7
24.7
27.4
28.8
30.0
30.6
9.2
10.1
11.2
12.5
13.5
36.0
41.2
39.3
39.7
38.8
3.2
3.7
4.1
4.7
5.6
22.4
24.0
26.7
29.0
29.0
0.9
1.2
1.3
1.2
1.0
25.3
22.2
20.8
21.4
21.7
229.0
258.0
275.4
291.9
294.5
18.9
27.1
32.0
33.2
30.2
210.1
231.0
243.4
258.6
264.3
195.0
211.5
222.9
237.1
244.3
15.1
19.5
20.5
21.5
20.0
7.2
8.4
8.4
8.3
7.6
1,260.0
1,297.3
1,339.4
1,404.5
1,422.1
1 9 5 5 ..............
1 9 5 6 ..............
1 9 5 7 ..............
1 9 5 8 ..............
1 9 5 9 ..............
372.7
395.6
41 4.3
416.8
455.8
2 25.7
244.5
2 57.5
2 59.5
2 81.0
212.2
229.0
240.0
241.3
259.8
13.5
15.5
17.6
18.2
21.1
10.6
10.5
10.4
12.3
10.0
33.7
35.4
37.4
37.8
40.6
13.9
14.2
14.6
15.4
16.2
49.5
48.5
48.4
43.5
55.7
6.2
6.9
8.0
9.5
9.6
31.7
33.9
36.0
36.8
40.0
1.4
1.7
1.9
1.8
1.8
316.1
339.6
358.7
369.0
392.8
32.9
36.6
38.9
38.5
42.3
283.3
303.0
319.8
330.5
350.5
263.6
277.2
292.8
302.2
1.0
27.8
28.5
27.7
24.0
30.0
323.9
19.7
25.8
27.0
28.3
26.7
6.9
8.5
8.5
8.6
7.6
1,516.7
1,589.7
1,628.5
1,642.6
1,715.5
1 9 6 0 ..............
1 9 6 1 ..............
1 9 6 2 ..............
1 9 6 3 ..............
1 9 6 4 ..............
474.9
49 1.6
530.1
560.6
60 2.7
296.4
305.3
327.1
345.2
370.7
272.9
280.5
299.4
314.9
10.5
11.0
11.0
10.8
9.6
40.3
42.2
44.4
45.7
49.8
17.1
17.9
18.8
19.5
19.6
53.8
54.9
43.4
45.0
48.2
51.2
54.6
1.9
2.0
2.2
2.7
3.1
0.9
0.8
0.9
1.4
1.3
28.8
28.7
32.9
35.7
40.9
411.5
429.0
456.7
479.6
514.6
46.1
47.3
51.6
54.6
52.1
365.4
381.8
405.1
425.1
462.5
26.7
32.2
7.3
8.4
63.3
69.0
76.5
10.6
12.5
14.2
15.2
17.4
338.8
349.6
337.8
23.6
24.8
27.8
30.4
32.9
371.3
391.8
421.7
33.8
33.3
40.8
8.3
7.8
8.8
1,759.7
1,819.2
1,908.2
1,979.1
2 ,1 22 .8
1 9 6 5 ..............
1 9 6 6 ..............
1 9 6 7 ..............
1 9 6 8 ..............
1 9 6 9 ..............
653.4
71 1.0
751.9
823.2
889.7
399.5
4 42.7
475.1
52 4.3
577.6
363.8
400.3
429.0
472.0
518.3
35.7
42.3
46.1
52.3
59.3
11.8
12.8
11.5
11.5
12.6
52.1
55.4
58.4
62.8
64.7
20.2
20.8
21.2
20.9
21.2
87.5
93.2
91.3
98.8
95.4
19.6
22.4
25.5
27.1
32.7
57.8
59.3
64.2
72.3
79.4
3.6
3.5
3.8
4.3
4.9
1.3
1.0
0.9
1.2
1.0
49.1
52.8
50.6
52.8
51.4
555.7
603.9
648.3
712.0
778.5
57.7
66.4
73.0
87.0
104.5
498.1
537.5
575.3
625.0
674.0
455.1
493.1
520.9
572.2
621.4
43.0
4 4.4
54.4
52.8
52.5
8.6
8.3
9.5
8.4
7.8
1 9 7 0 ..............
1 9 7 1 ..............
1 9 7 2 ..............
617.2
658.9
725.1
811.2
890.2
551.6
584.5
638.8
708.8
772.3
65.7
74.4
86.4
102.5
118.0
12.7
13.2
16.8
28.9
23.2
65.7
71.6
79.1
84.6
89.9
21.4
22.4
23.4
1 9 7 3 ..............
1 9 7 4 ..............
930.9
1,008.1
1,111.2
1,247.4
1,342.1
24.3
24.3
83.6
98.0
112.1
125.5
115.8
39.1
43.9
47.9
55.2
70.8
86.7
95.9
101.4
112.1
121.7
4.5
4.3
4.9
6.0
7.1
0.0
- 0 .2
0.5
-0 .4
- 0 .9
46.2
54.7
65.5
84.9
95.0
838.8
903.5
992.7
1,110.7
1,222.6
103.1
101.7
123.6
132.4
151.0
735.7
801.8
869.1
978.3
1,071.6
666.2
721.2
791.9
875.6
958.0
69.5
80.6
77.2
102.7
113.6
10.1
8.9
10.5
10.6
3,046.5
3 ,252.3
3,228.5
1 9 7 5 ..............
1 9 7 6 ..............
1 9 7 7 ..............
1 9 7 8 ..............
1 9 7 9 ..............
1,445.9
1,611.8
1,798.9
2,027.4
2,249.1
949.1
1,059.3
1,180.5
1,336.1
1,500.8
814.8
899.7
994.2
1,121.2
1,255.8
134.3
159.6
186.4
214.9
245.0
21.7
17.0
15.7
19.6
21.8
97.8
115.2
130.0
147.1
158.3
23.7
22.3
20.7
22.1
23.8
134.8
163.3
192.4
216.6
223.2
81.6
85.5
101.1
115.0
138.9
131.0
141.5
152.8
162.2
171.9
9.4
9.5
8.4
10.6
13.0
- 3 .2
- 1 .8
- 2 .6
- 1 .9
- 2 .6
93.9
114.4
136.0
161.3
181.9
1,335.0
1,474.8
1,633.2
1,837.7
2,062.2
147.6
172.3
197.5
229.4
268.7
1,187.4
1,302.5
1,435.7
1,608.3
1,793.5
1,061.9
1,180.2
1,310.4
1,465.8
1,634.4
125.6
122.3
125.3
142.5
159.1
10.6
9.4
8.7
8.9
8.9
3,302.6
3,432.2
3 ,552.9
3 ,718.8
3,811.2
1 9 8 0 ..............
1 9 8 1 ..............
1982 ..............
1 9 8 3 ..............
1 9 8 4 ..............
2,439.3
2,742.4
2 ,864.3
3,084.2
3,48 2.3
1,651.8
1,825.8
1,925.8
2,042.6
2 ,255.6
1,377.6
1,517.5
1,593.7
1,684.6
1,855.1
274.2
308.3
332.1
358.0
400.5
11.3
18.7
13.1
6.0
20.6
162.8
164.3
163.3
186.5
222.7
30.0
38.0
38.8
37.8
40.2
201.1
226.1
209.7
264.2
318.6
181.8
232.3
271.1
285.3
327.1
190.9
224.5
226.4
242.5
269.3
14.4
17.6
20.1
22.5
30.1
- 4 .8
-4 .9
- 4 .0
-3 .1
- 1 .9
166.3
159.4
132.0
153.3
171.1
2,307.9
2 ,591.3
2,775.3
2,960.7
3,289.5
298.9
345.2
354.1
352.3
377.4
2,009.0
2,246.1
2,421.2
2,608.4
2,912.0
1,807.5
2,001.8
2 ,150.4
2,374.8
2,597.3
201.4
244.3
270.8
233.6
314.8
10.0
10.9
11.2
9.0
10.8
3 ,857.7
3 ,960.0
4 ,044.9
4 ,177.7
4,494.1
1 9 8 5 ..............
1 9 8 6 ..............
1 9 8 7 ..............
1 9 8 8 ..............
1 9 8 9 ..............
3,723.4
3,902.3
4 ,173.7
4,549.4
4,826.6
2 ,4 24 .7
2,570.1
2 ,750.2
2,967.2
3,145.2
1,995.5
2,114.8
2,270.7
2,452.9
2,596.3
429.2
455.3
479.5
514.2
548.9
20.8
22.6
28.7
26.8
33.0
241.5
253.1
273.5
314.7
330.3
41.9
33.5
33.5
341.3
366.8
366.4
287.3
298.9
317.7
385.3
432.1
345.5
372.1
34.8
36.6
33.8
34.0
39.2
0.8
1.3
1.2
2.5
4.9
158.0
136.3
187.2
244.4
237.7
3,526.7
3 ,722.4
3,947.4
40.6
43.1
330.3
319.5
368.8
432.6
4 26.6
4 ,253.7
4 ,587.8
417.4
437.3
489.1
505.0
566.1
3,109.3
3,285.1
3,458.3
3,748.7
4,021.7
2 ,829.3
3,016.7
3,216.9
3,475.8
3,734.5
280.0
268.4
24 1.4
272.9
287.1
9.0
8.2
7.0
7.3
7.1
4,645.2
4,791.0
4 ,874.5
5,082.6
5,224.8
1 9 9 0 ..............
1 9 9 1 ..............
1 9 9 2 ..............
1 9 9 3 ..............
1 9 9 4 ..............
5,089.1
5,227.9
5,512.8
5,773.4
6 ,122.3
3,338.2
3 ,445.2
3 ,635.4
3,801.4
3 ,997.2
2,754.0
2,823.0
2,964.5
3,089.2
3,249.8
584.2
622.3
670.9
712.2
747.5
31.9
26.7
348.7
350.4
34.5
31.2
33.9
393.0
4 22.6
439.4
50.7
60.3
78.0
95.6
119.7
437.8
451.2
479.3
541.9
600.3
442.2
418.2
388.5
365.7
366.4
398.7
430.2
453.9
467.0
513.5
39.4
39.9
42.4
40.7
43.3
1.6
5.7
7.6
7.2
8.6
264.1
284.4
312.4
346.1
383.3
4 ,878.6
5 ,051.0
5 ,362.0
5 ,558.5
5,842.5
592.8
586.7
610.6
646.6
690.7
4,285.8
4,464.3
4,751.4
4,911.9
5,151.8
3,986.4
4,140.1
4,385.4
4,627.9
4,902.4
29 9.4
324.2
366.0
2 84.0
249.5
7.0
7.3
7.7
5.8
4.8
5,324.2
5,351.7
5,536.3
5,594.2
5,746.4
1 9 9 5 ..............
1 9 9 6 ..............
1 9 9 7 ..............
1 9 9 8 ..............
6,453.9
6,840.1
7,292.2
7,752.8
8 ,236.7
4 ,193.3
4,390.5
4 ,661.7
5 ,019.4
5,357.1
3,435.7
3,623.2
3,874.7
4,182.7
4,471.4
757.7
767.3
787.0
836.7
885.7
22.7
37.3
34.2
29.4
28.6
469.5
505.9
541.8
598.4
649.7
122.1
131.5
128.8
137.5
147.3
696.7
786.2
868.5
801.6
851.3
367.1
376.2
415.6
487.1
495.4
524.2
546.8
579.1
604.4
629.8
46.9
53.1
49.9
64.7
67.4
11.4
12.7
12.6
10.3
10.1
455.6
501.4
552.1
470.0
517.2
6,152.3
6,520.6
6,915.1
7,423.0
7,802.4
744.1
832.1
926.3
1,027.0
1,107.5
5,408.2
5,688.5
5,988.8
6,395.9
6,695.0
5,157.3
5,460.0
5,770.5
6,119.1
6,536.4
250.9
228.4
218.3
276.8
158.6
4.6
4.0
3.6
4.3
2.4
5,905.7
6,080.9
6,295.8
6,663.9
6,861.3
1 9 9 9 ..............
See the footnotes at the end of the table.
9.4
2 ,253.3
2,37 1.9
2 ,475.9
2,588.0
2,668.7
2 ,781.7
2 ,907.9
182
GDP and Other Major NIPA Series
August 2008
Table 4. National Income and Disposition of Personal Income—Continues
[B illio n s o f do lla rs; q u a rte rly e s tim a te s a re s e a s o n a lly a d ju ste d a t a n n u a l rates]
Disposition of personal income
National income
Compensation of employees
Year and
quarter
National
income
Total
W age
and
salary
accruals
Supple
ments to
wages
and
salaries
Proprietors’
income with IVA
and CCAdj
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj
Corporate
profits
with IVA
and
CCAdj
Taxes on
Net
interest production Business
current
and
and
transfer
imports
miscel
payments
less
laneous
payments subsidies1
Adden
Current
dum:
surplus
Corporate
Less:
of
profits
Personal Personal
govern
after tax
income
current
ment
without
taxes
enter
IVA and
prises 1
CCAdj
508.2
503.8
575.8
664.8
897.3
Equals:
Dispos
able
personal
income
Saving as a
percent
Real
Equals:
Less:
disposable
age of
Personal Personal
disposable personal
outlays
saving
personal
in co m e2
income
8,429.7
8,724.1
8,881.9
9,163.6
9 ,727.2
1,235.7
1,237.3
1,051.8
1,001.1
1,046.3
7,194.0
7,486.8
7,830.1
8,162.5
8 ,680.9
7,025.6
7,354.5
7,645.3
7,987.7
8,499.2
168.5
132.3
184.7
174.9
181.7
2.3
1.8
2.4
2.1
2.1
7 ,194.0
7,333.3
7,562.2
7,729.9
8,008.9
1,206.9 10,269.8
1,404.8 10,993.9
1,435.9 11,663.2
1,207.8
1,353.2
1,492.8
9,062.0
9,640.7
10,170.5
9,029.5
9,570.0
10,113.1
32.5
70.7
57.4
0.4
0.7
0.6
8 ,121.4
8 ,407.0
8,644.0
187.6
185.7
193.7
197.0
19.2
19.5
19.7
20.8
168.4
166.2
174.0
176.2
158.1
161.9
165.6
169.7
10.3
4.3
8.4
6.5
6.1
2.6
4.8
3.7
1,096.0
1,072.8
1,102.8
1,089.7
22.9
24.1
23.8
23.0
202.3
2 08.3
214.3
214.4
21.2
18.9
18.2
18.4
181.1
189.3
196.1
196.0
172.7
176.5
179.5
180.4
8.4
12.8
16.6
15.6
4.6
6.8
8.5
8.0
1,107.3
1,145.3
1,168.4
1,171.9
0.7
0.7
0.7
0.8
21.0
18.6
19.2
18.8
208.3
207.0
2 06.3
207.0
17.8
17.0
16.3
15.8
190.5
190.0
190.0
191.2
179.2
181.0
180.4
183.0
11.3
9.0
9.6
8.2
5.9
4 .7
5.0
4.3
1,147.6
1,151.4
1,158.1
1,165.7
21.1
21.9
23.9
22.6
0.7
0.8
0.9
1.0
19.3
23.1
28.0
30.8
221.6
222.4
231.3
2 40.7
16.6
17.6
18.9
22.5
205.0
204.8
212.4
218.2
185.7
189.7
203.6
201.1
19.3
15.1
8.8
17.1
9.4
7.4
4.1
7.8
1,252.8
1,245.4
1,264.8
1,277.4
24.2
23.2
23.9
24.6
1.1
1.2
1.2
1.3
25.6
21.8
19.9
21.6
249.6
256.9
260.1
265.5
24.4
26.4
27.8
29.6
225.2
230.6
2 32.4
42.5
3.4
3.6
3.8
3.8
235.8
212.4
208.1
210.8
214.8
12.8
22.5
21.6
21.1
5.7
9.8
9.3
8.9
1,276.9
1,297.5
1,305.9
1,308.5
39.8
37.8
37.6
41.9
3.9
4.0
4.1
4.2
25.6
26.5
26.9
27.8
1.3
1.3
1.2
1.2
20.9
20.0
20.2
22.2
267.5
2 71.4
278.2
2 84.3
30.9
31.8
32.3
33.1
2 36.7
239.6
246.0
251.2
216.2
220.5
223.2
231.5
20.4
19.1
22.8
19.7
8.6
8.0
9.3
7.8
1,308.1
1,323.9
1,349.7
1,3 76.0
12.0
12.3
12.6
12.9
42.6
41.8
40.7
33.8
4.5
4.6
4.8
5.0
28.4
29.1
29.1
29.4
1.3
1.3
1.2
1.1
22.9
22.8
22.3
17.5
289.0
293.0
293.1
2 92.4
33.4
33.4
33.2
32.9
255.6
259.6
259.9
259.4
235.3
2 37.3
238.2
237.7
20.3
22.2
21.8
21.7
7.9
8.6
8.4
8.4
1,395.0
1,414.5
1,408.7
1,399.8
29.9
30.4
30.6
31.6
13.2
13.4
13.6
13.7
36.1
37.3
39.2
42.8
5.2
5.5
5.7
6.0
29.0
28.6
28.9
29.6
1.0
1.0
1.0
1.0
20.1
20.8
22.1
23.8
2 92.4
291.9
294.0
2 99.4
30.2
30.0
30.0
30.5
262.2
262.0
264.0
269.0
239.7
242.5
245.2
249.9
22.5
19.5
18.8
19.1
8.6
7.4
7.1
7.1
1,407.5
1,407.4
1,422.7
1,450.6
10.9
11.2
10.6
9.9
32.6
33.3
34.1
34.7
13.8
13.8
13.9
14.0
48.0
49.3
49.9
51.0
6.1
6.3
6.2
6.3
30.4
31.3
32.3
32.7
1.2
1.3
1.5
1.6
27.0
27.4
28.0
29.1
305.3
313.2
320.5
325.5
31.4
32.4
33.4
34.2
273.9
280.7
287.2
291.3
256.3
261.6
266.1
270.3
17.5
19.1
21.1
21.0
6.4
6.8
7.3
7.2
1,471.9
1,506.9
1,535.3
1,552.7
14.8
15.1
15.8
16.2
10.1
10.3
10.8
10.8
34.8
35.2
35.4
36.1
14.1
14.1
14.2
14.3
48.9
48.8
47.9
48.6
6.6
6.8
7.1
7.0
33.1
33.4
34.1
34.9
1.7
1.7
1.8
1.8
28.2
28.9
27.6
29.2
330.9
3 36.7
341.6
349.2
35.4
36.2
36.9
37.9
295.5
300.4
304.7
311.3
272.1
274.9
278.2
283.7
23.4
25 .5
26.5
27.7
7.9
8.5
8.7
8.9
1,568.4
1,583.9
1,590.6
1,615.9
238.3
239.6
241.8
240.1
17.1
17.4
17.8
18.1
9.8
10.4
10.9
10.6
37.1
37.4
37.8
37.3
14.4
14.5
14.6
14.9
50.4
49.4
48.8
44.8
7.7
8.0
8.2
8.2
35.3
35.8
36.4
36.3
1.9
1.9
1.9
1.9
29.5
28.2
27.6
25.3
353.3
357.8
362.1
361.5
38.6
39.0
39.2
38.8
314.7
318.9
322.9
3 22.7
288.3
290.6
295.3
297.0
26.5
28.2
27.7
25.8
8.4
8.9
8.6
8.0
1,618.9
1,629.5
1,637.5
1,628.2
255.2
2 54.8
260.9
267.2
237.4
236.9
242.6
248.4
17.9
17.9
18.3
18.8
13.2
12.9
12.0
11.2
37.0
37.4
38.0
38.9
15.2
15.3
15.5
15.6
39.5
40.0
44.2
50.4
9.0
9.5
9.8
9.9
36.2
36.5
36.8
37.8
1.9
1.8
1.8
1.7
21.6
22.0
24.5
27.9
362.0
364.3
372.6
377.2
38.2
37.7
38.9
39.4
323.8
326.6
333.6
337.8
296.6
299.4
304.4
308.3
27.3
27.2
29.2
29.5
8.4
8.3
8.8
8.7
1,613.2
1,623.7
1,656.8
1,677.1
4 45.0
4 59.8
4 56.6
4 61.9
274.5
281.6
282.3
285.5
254.0
260.6
260.9
263.9
20.5
21.1
21.4
21.6
10.8
9.8
9.3
10.0
39.6
40.9
41.2
40.9
15.6
16.0
16.4
16.7
54.5
59.6
54.2
54.4
8.8
9.8
9.8
10.1
38.6
39.4
40.7
41.4
1.7
1.8
1.8
1.8
0.9
0.9
1.0
1.1
29.8
32.5
29.2
28.6
383.8
392.4
394.6
400.3
40.8
42.0
42.7
43.7
3 43.0
350.5
352.0
356.6
315.9
322.1
327.6
329.9
27.1
28.4
24.4
26 .7
7.9
8.1
6.9
7.5
1,6 88.6
1,721.0
1,719.5
1,7 33.2
1960:1...
II.
III
IV
4 74.8
474.8
4 75.8
474.0
294.1
296.9
297.6
297.1
270.8
273.4
274.0
273.3
23.3
23.5
23.7
23.8
9.5
10.4
10.8
11.1
40.6
40.5
40.1
40.0
16.9
17.0
17.2
17.4
58.0
53.9
52.8
50.4
10.2
10.1
10.7
11.2
42.7
43.1
43.8
44.1
1.8
1.8
1.9
1.9
1.0
1.0
0.9
0.9
31.5
29.2
27.9
26.8
406.7
411.2
413.4
414.7
45.3
46.0
46.5
46.4
361.4
365.2
366.9
368.3
333.6
339.7
339.8
342.0
27.8
25.5
27.0
26.3
7.7
7.0
7.4
7.1
1,753.2
1,761.8
1,762.8
1,761.2
1961:1...
II.
III
IV
476.1
4 85.8
495.2
509.2
2 98.0
302.2
307.2
313.8
2 73.8
277.6
282.3
2 88.4
24.2
24.6
24.9
25.4
11.3
10.7
10.8
11.3
41.0
41.9
42.5
43.3
17.6
17.8
18.0
18.2
49.5
53.8
56.1
60.0
11.6
12.2
12.6
13.4
44.2
44.5
45.1
46.1
2.0
2.0
2.0
2.1
0.8
0.8
0.8
1.0
26.2
27.6
29.3
31.6
418.8
424.8
431.8
440.6
46.5
46.9
47.4
372.3
377.9
384.4
48.1
392.5
342.6
347.5
350.5
357.9
29.8
30.4
33.9
34.5
8.0
8.0
8.8
8.8
1,777.6
1,804.6
1,829.2
1,865.4
1962:1...
I I.
III
IV
520.2
526.9
5 32.9
5 40.3
320.4
326.4
32 9.2
332.6
293.3
298.7
301.2
304.2
27.2
27.6
28.0
28.4
11.7
10.9
10.5
11.0
43.7
44.3
44.8
44.7
18.5
18.7
18.9
19.1
62.6
61.9
63.2
65.4
13.1
14.1
14.6
15.0
47.1
47.6
48.7
49.2
2.2
2.2
2.3
2.3
0.9
0.9
0.9
0.9
32.2
32.2
33.2
34.0
447.4
454.8
459.4
465.2
49.4
50.9
52.3
53.6
398.0
403.8
407.1
363.3
369.1
373.2
379.7
34.7
34.7
33.9
31.9
8.7
8.6
8.3
7.8
1,883.4
1,904.1
1,914.7
1,930.4
2 0 0 0 ......
2 0 0 1 ......
2 0 0 2 ......
20 0 3
2 00 4
8 ,79 5.2
8 ,979.8
9 ,229.3
9 ,632.3
10,306.8
5 ,782.7
5,942.1
6 ,091.2
6 ,325.4
6,656.4
4,829.2
4,942.8
4,980.9
5,127.7
5,379.5
953.4
999.3
1,110.3
1,197.7
1,276.9
22.7
19.7
10.6
29.2
37.3
705.7
752.2
757.8
782.1
874.3
150.3
167.4
152.9
133.0
118.4
817.9
767.3
886.3
993.1
1,231.2
559.0
566.3
520.9
524.7
491.2
664.6
673.3
724.4
759.3
819.2
87.1
92.8
84.3
83.8
83.0
5.3
- 1 .4
0.9
1.7
- 4 .2
200 5
2 00 6
2 0 0 7 ......
10,974.0
11,795.7
7 ,030.8
7 ,433,8
7 ,812.3
5,676.7
6,028.5
6 ,355.7
1,354.1
12,270.9
1,405.3
1,456.6
34.1
16.2
44.0
9 25.7
998.6
1,012.2
40.9
44.3
40.0
1,447.9
1,668.5
1,642.4
569.1
631.2
664.4
868.9
926.4
963.2
70.0
85.4
100.2
- 1 3 .4
-8 .6
- 7 .9
1 9 4 7 :1...
II.
III
IV
2 11.7
2 13.0
216.6
2 25.2
127.2
128.7
130.1
134.3
119.7
121.5
123.4
127.8
7.5
7.2
6.6
6.5
16.0
12.4
14.1
14.9
20.6
20.0
19.8
20.3
7.0
7.1
7.3
7.5
20.6
24.1
24.2
25.9
2.3
2.4
2.6
2.6
17.4
17.5
17.9
18.9
0.7
0.7
0.7
0.7
21.2
20.0
19.8
21.7
1 9 4 8 :1...
II.
III
IV
233.7
242.3
2 47.2
248.9
137.9
139.6
144.5
145.9
131.4
133.2
138.1
139.5
6.5
6.4
6.4
6.4
14.5
18.0
17.9
16.4
21.6
22.5
23.1
23.2
7.7
7.9
7.9
8.0
29.9
31.6
30.8
32.3
2.5
2.6
2.6
2.6
18.8
19.6
19.6
19.6
0.7
0.7
0.7
0.7
1949:1...
II.
III
IV
2 41.9
237.6
238.1
234.5
144.1
141.9
141.0
140.5
137.0
134.6
133.9
133.4
7.1
7.2
7.1
7.0
12.7
12.1
11.6
11.5
22.8
22.7
22.6
22.7
7.9
8.0
8.3
8.5
31.0
28.7
29.9
26.7
2.7
2.8
2.9
3.0
20.0
20.7
21.0
20.9
1950:1...
II.
III
IV
244.2
255.7
2 73.4
2 84.3
144.6
150.6
159.0
166.9
137.1
142.9
150.8
158.3
7.5
7.8
8.2
8.6
12.2
12.2
13.1
13.9
23.4
24.1
25.7
25.6
8.8
9.0
9.2
9.5
30.2
33.8
38.5
41.6
3.1
3.2
3.2
3.2
1951:1...
II.
III
IV
295.9
3 01.7
306.9
312.9
175.0
180.6
183.7
186.5
165.5
170.8
173.8
176.2
9.4
9.7
9.9
10.2
15.0
15.4
15.1
15.6
27.1
27.1
27.6
27.9
9.7
10.0
10.3
10.5
40.4
40.6
41.2
1952:1...
II.
III
IV
314.8
316.5
322.4
333.6
191.5
192.8
196.3
204.1
181.2
182.4
185.7
193.3
10.3
10.4
10.6
10.8
13.7
14.5
15.9
13.0
28.2
28.6
28.9
29.6
10.8
11.1
11.4
11.7
1 9 5 3 :1...
II.
III
IV
339.9
342.9
341.5
333.7
208.0
21 1.3
211.5
210.0
196.9
200.1
200.3
198.7
11.1
11.3
11.2
11.3
13.0
12.4
11.7
11.5
30.1
30.0
30.0
29.9
1 9 5 4 :1...
II.
III
IV
335.4
335.5
338.9
3 47.9
208.1
207.7
20 8.3
2 12.6
196.4
196.0
196.3
200.4
11.7
11.7
11.9
12.2
12.8
11.6
11.7
10.6
1 9 5 5 :1...
II.
III
IV
3 60.0
370.1
3 77.0
383.6
217.1
223.6
228.6
233.6
204.2
210.3
214.7
2 19.5
12.9
13.3
13.9
14.1
1 9 5 6 :1...
II.
III
IV
387.2
392.9
397.0
405.2
238.0
242.6
245.7
251.6
223.3
227.5
2 30.0
235.4
1957:1...
II.
III
IV
412.1
4 14.4
4 18.4
412.1
2 55.3
257.0
25 9.7
258.1
1958:1...
II.
III
IV
407.2
4 08.4
418.9
432.5
1959:1...
II.
III
IV
See the footnotes at the end of the table.
411.6
183
Survey of Current Business
August 2008
Table 4. National Income and Disposition of Personal Income—Continues
[B n o d lla ; q a rlye timte a s a o a a ju te a a n a ra s
illio s f o rs u rte s a s re e s n lly d s d t n u l te]
Disposition of personal income
National income
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supple
ments to
wages
and
salaries
Proprietors’
income with IVA
and CCAdj
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj
Corporate
profits
with IVA
and
CCAdj
Net
Taxes on
interest production Business
current
and
and
transfer
miscel
imports
less
payments
laneous
payments subsidies'
Adden
Current
dum:
surplus
Less:
Corporate
of
profits
Personal Personal
govern
after tax
income
current
ment
without
taxes
enter
IVA and
prises 1
CCAdj
Equals:
Dispos
able
personal
income
Saving as a
Real
percent
Less:
Equals:
disposable
age of
Personal Personal
disposable personal
saving
outlays
personal
in c o m e2
income
1 9 6 3 :1 ...........
I I .........
I l l ........
IV ........
546.7
556.1
5 64.6
574.9
337.5
342.4
3 47.4
353.6
308.0
312.4
316.8
322.2
29.5
30.0
30.6
31.3
11.2
10.6
10.4
10.9
44.8
45.3
45.9
46.8
19.3
19.5
19.6
19.6
65.4
68.7
70.1
71.7
14.6
14.8
15.3
15.8
50.0
50.8
51.7
52.3
2.6
2.6
2.7
2.8
1.3
1.3
1.4
1.5
33.6
35.5
36.4
37.4
470.2
475.0
482.0
491.3
54.1
54.3
54.6
55.2
416.1
420.7
4 27.4
436.1
383.6
387.9
395.3
400.3
32.6
32.7
32.1
35.8
7.8
7.8
7.5
8.2
1,946.0
1,964.3
1,986.4
2 ,019.6
1 9 6 4 :1 ...........
I I .........
I l l ........
I V ........
587.7
5 97.4
608.9
616.7
360.0
367.4
374.7
380.7
328.2
334.8
341.4
346.7
31.8
32.5
33.3
34.0
9.6
9.3
9.1
10.2
48.5
49.7
50.5
50.6
19.6
19.6
19.7
19.6
76.1
76.1
77.3
76.4
16.6
17.1
17.9
18.1
53.0
53.9
55.3
56.2
2.9
2.9
3.3
3.4
1.4
1.4
1.1
1.5
40.6
40.5
41.6
41.0
500.8
510.0
519.4
528.1
53.8
49.7
51.6
53.2
447.1
460.3
467.8
4 74.8
410.1
418.4
427.7
430.5
37.0
41.9
40.1
44.4
8.3
9.1
8.6
9.3
2 ,060.6
2,116.8
2,144.6
2 ,169.4
1 9 6 5 :1 ...........
I I .........
I l l ........
IV ........
635.1
646.1
657.0
675.6
387.3
394.1
402.3
4 14.3
352.8
358.9
366.2
377.1
34.5
35.2
36.1
37.2
11.2
11.8
12.0
12.3
51.0
51.6
52.2
53.6
19.9
20.1
20.3
20.3
84.3
86.4
87.6
91.6
19.0
19.5
20.0
20.0
57.3
57.4
57.6
58.7
3.6
3.6
3.6
3.6
1.4
1.5
1.3
1.2
46.8
48.5
49.1
51.9
538.6
547.8
561.7
574.8
57.0
58.4
57.0
58.3
481.7
489.4
504.7
516.5
441.3
448.7
458.1
472.2
40.4
40.7
46.6
44.3
8.4
8.3
9.2
8.6
2,193.3
2,217.4
2 ,278.4
2,324.3
1 9 6 6 :1...........
I I .........
I l l ........
IV ........
695.1
704.6
7 15.9
728.3
426.7
4 37.8
44 9.0
457.1
385.8
395.9
406.1
413.5
40.9
41.9
42.8
43.7
14.6
12.4
12.1
12.0
54.7
55.0
55.5
56.3
20.7
20.6
20.9
20.9
94.7
93.4
91.7
93.0
21.1
21.9
22.7
23.8
57.9
59.0
59.8
60.7
3.6
3.5
3.5
3.5
1.1
1.1
0.8
1.0
53.1
53.3
52.9
51.9
586.9
596.5
609.6
622.8
61.5
65.6
67.9
70.6
525.3
530.9
541.7
552.2
482.8
488.3
497.6
503.6
42.5
42.6
44.1
48.5
8.1
8.0
8.1
8.8
2,345.9
2,351.7
2,381.3
2 ,408.6
1 9 6 7 :1...........
I I .........
I l l ........
I V ........
734.7
741.8
757.6
7 73.4
4 63.3
469.0
4 78.7
489.7
418.8
423.6
432.0
441.6
44.4
45.4
46.6
48.1
11.7
10.9
11.8
11.4
57.3
57.9
59.2
59.1
21.1
21.2
21.2
21.1
90.5
89.5
91.0
94.3
24.7
25.5
25.8
26.2
61.6
63.0
65.1
67.0
3.6
3.7
3.8
3.9
0.9
1.1
1.0
0.7
49.6
49.6
50.6
52.9
633.3
640.4
654.1
665.4
71.2
70.9
73.8
75.9
562.2
569.5
580.3
589.5
508.2
517.9
524.9
532.6
53.9
51.6
55.3
57.0
9.6
9.1
9.5
9.7
2,44 5.0
2,464.5
2,488.1
2,506.1
1 9 6 8 :1 ...........
I I .........
I l l ........
I V ........
794.3
815.1
833.6
849.6
504.5
517.6
531.4
543.8
454.2
465.9
478.3
489.4
50.3
51.7
53.1
54.4
11.5
11.1
11.6
11.8
60.7
62.5
63.7
64.2
20.9
20.9
21.0
20.8
95.5
99.4
99.6
100.7
26.6
27.0
27.1
27.7
69.4
71.3
73.6
75.0
4.1
4.3
4.4
4.6
1.2
1.2
1.2
1.1
51.5
52.6
52.8
54.3
684.7
704.2
722.0
737.2
78.6
81.7
91.9
95.9
606.2
622.5
630.2
641.3
550.9
565.1
581.9
591.2
55.3
57.4
48.3
50.2
9.1
9.2
7.7
7.8
2,549.8
2 ,592.3
2,597.1
2,613.7
1 9 6 9 :1 ...........
I I .........
I l l ........
I V ........
866.2
882.1
900.7
909.7
555.9
569.8
586.6
598.2
499.1
511.4
526.4
536.5
56.8
58.4
60.1
61.8
11.4
12.4
12.9
13.9
64.8
65.1
65.1
64.0
21.1
21.1
21.3
21.2
100.4
97.2
94.5
89.5
30.5
32.1
33.7
34.6
76.3
78.5
80.6
82.1
4.9
5.0
5.0
5.0
0.9
1.0
1.0
1.2
53.8
52.1
50.4
49.4
751.2
769.2
789.5
804.0
102.6
105.7
104.1
105.6
648.6
663.5
685.4
698.4
603.9
616.0
626.7
639.2
44.7
4 7.5
58.7
59.2
6.9
7.2
8.6
8.5
2,617.5
2 ,643.5
2,696.6
2,716.1
1 9 7 0 :1 ...........
I I .........
I l l ........
I V ........
914.5
926.1
941.3
941.8
608.6
614.2
622.2
623.9
545.1
549.1
555.7
556.3
63.5
65.1
66.4
67.6
13.4
12.2
13.0
12.3
64.3
64.9
66.2
67.4
21.2
20.9
21.5
21.8
82.0
85.7
85.8
80.9
36.0
38.1
40.5
41.9
83.8
85.8
87.9
89.4
4.8
4.6
4.4
4.3
0.5
- 0 .3
-0 .1
- 0 .2
46.9
46.6
47.3
44.3
814.7
836.1
848.2
856.1
104.6
105.5
100.7
101.5
710.1
730.5
747.5
754.6
650.7
660.9
673.2
680.2
59.4
69.6
74 .4
74.5
8.4
9.5
10.0
9.9
2,729.4
2,777.4
2 ,814.6
2 ,804.4
1 9 7 1 :1 ...........
I I .........
I l l ........
IV ........
979.3
999.0
1,016.3
1,037.6
641.6
653.7
664.1
676.3
570.2
580.3
588.8
599.0
71.4
73.4
75.3
77.3
13.2
13.1
12.7
21.7
22.3
22.7
23.1
94.4
96.6
98.9
102.2
43.1
44.0
44.1
44.3
93.0
94.2
97.3
99.2
4.3
4.3
4.3
4.4
- 0 .6
0.0
- 0 .3
- 0 .2
51.0
53.0
56.5
58.2
876.1
898.6
911.3
928.0
98.3
100.7
102.3
105.5
777.8
797.9
809.0
822.5
6 99.6
714.1
727.1
743.9
78.2
83.7
13.9
68.6
70.8
72.5
74.4
81.9
78.5
10.1
10.5
10.1
9.5
2 ,863.6
2 ,904.6
2 ,916.4
2 ,946.8
1 9 7 2 :1...........
I I .........
I l l ........
IV ........
1,069.0
1,088.7
1,120.0
1,167.2
701.1
715.8
7 29.7
753.9
618.0
630.5
642.4
664.3
83.2
85.3
87.3
89.7
12.9
15.1
17.0
22.2
75.7
76.6
79.5
84.5
23.7
20.7
24.6
24.6
107.2
108.0
113.0
120.2
45.2
46.5
48.9
51.1
98.6
100.7
101.8
104.6
4.7
4 .8
5.0
5.2
0.0
0.4
0.5
1.0
62.1
62.9
65.7
71.2
956.1
972.3
998.6
1,043.8
119.8
123.4
124.3
127.1
836.4
848.9
874.3
916.7
761.8
780.9
799.8
825.0
74.6
68.0
74.5
91.6
8.9
8.0
8.5
10.0
2 ,965.0
2 ,991.5
3,053.6
3 ,175.0
1 9 7 3 :1 ...........
I I .........
I l l ........
I V ........
1,205.3
1,229.4
1,257.8
1,297.0
781.7
800.8
819.9
842.5
683.4
700.1
716.2
735.4
98.3
100.7
103.7
107.1
21.7
27.1
29.4
37.4
84.3
84.0
85.0
85.0
24.5
24.5
23.5
24.5
127.2
123.8
124.0
127.0
51.3
52.8
56.8
60.0
108.8
110.6
113.8
115.3
5.7
6.1
5.9
6.1
0.1
- 0 .3
-0 .5
- 0 .8
82.2
84.5
84.7
88.1
1,064.8
1,094.6
1,122.6
1,161.0
126.4
129.2
134.1
849.9
866.0
884.9
140.0
938.4
965.4
988.5
1,021.0
901.6
88.5
99.4
103.6
119.4
9.4
10.3
10.5
11.7
3,210.5
3 ,24 0 .3
3 ,258.3
3,297.6
1 9 7 4 :1...........
I I .........
I l l ........
I V ........
1,308.9
1,329.6
1,357.6
1,372.5
860.7
881.4
903.1
915.8
748.2
765.3
783.1
792.5
112.5
116.1
120.0
123.3
28.4
19.8
21.2
23.4
87.5
89.0
91.7
91.4
24.7
24.0
24.4
24.2
120.0
118.3
114.5
110.4
64.4
69.1
72.4
77.3
117.4
121.3
124.0
124.2
6.6
6.9
7.3
7.7
-0 .7
-0 .2
-1 .1
- 1 .8
92.8
95.3
101.4
90.3
1,177.8
1,203.9
1,241.8
1,267.1
142.8
148.9
154.9
157.6
1,035.0
1,055.0
1,086.9
1,109.5
918.7
947.8
977.4
987.9
116.3
107.2
109.4
121.5
11.2
10.2
10.1
11.0
3 ,246.6
3,219.9
3,231.1
3 ,217.3
1 9 7 5 : 1...........
I I .........
I l l ........
I V ........
1,380.6
1,412.3
1,473.2
1,517.4
919.5
931.7
957.7
987.6
791.9
800.4
821.3
845.8
127.6
131.4
136.4
141.9
19.4
19.9
23.5
24.1
93.8
95.5
98.9
102.8
24.1
23.8
23.7
23.2
112.4
125.3
147.3
154.3
80.7
80.8
82.2
82.8
124.7
128.9
133.8
136.4
8.7
9.5
9.7
9.8
- 2 .8
- 3 .0
- 3 .6
- 3 .6
80.0
85.4
102.3
107.9
1,284.0
1,314.2
1,351.9
1,390.1
158.0
121.1
152.8
158.5
1,126.0
1,193.2
1,199.1
1,231.5
1,015.5
1,044.5
1,079.1
1,108.3
110.5
148.6
120.0
123.2
9.8
12.5
10.0
10.0
3 ,205.7
3 ,354.6
3,309.1
3 ,342.0
1 9 7 6 :1...........
I I .........
I l l ........
I V ........
1,567.4
1,593.2
1,626.0
1,660.7
1,022.4
1,046.1
1,070.8
1,098.1
871.2
889.4
908.4
929.9
151.1
156.8
162.4
168.1
19.2
16.7
15.9
16.1
108.4
113.2
117.8
121.3
22.9
21.9
22.1
22.2
167.1
161.8
162.4
162.1
82.5
85.2
86.6
87.9
136.7
140.2
142.8
146.1
9.8
9.8
9.5
9.0
-1 .5
-1 .8
- 1 .9
- 2 .0
113.2
114.3
115.1
115.1
1,425.6
1,453.5
1,491.5
1,528.5
162.1
169.0
175.8
182.4
1,263.5
1,284.5
1,315.8
1,346.1
1,141.8
1,161.6
1,191.4
1,225.9
121.7
122.9
124.4
120.2
9.6
9.6
9.5
8.9
3 ,390.9
3 ,417.5
3 ,448.0
3 ,473.0
1 9 7 7 :1 ...........
I I .........
I l l ........
IV ........
1,706.2
1,775.3
1,833.1
1,881.1
1,127.0
1,164.4
1,196.9
1,233.7
950.0
980.9
1,007.5
1,038.2
177.0
183.5
189.4
195.6
15.7
13.9
11.5
21.7
124.6
127.8
131.8
135.8
22.2
20.6
20.0
19.8
170.7
191.9
207.1
200.1
90.5
98.6
105.1
110.1
149.2
152.4
155.3
154.2
8.6
8.2
8.3
8.6
- 2 .3
- 2 .5
- 2 .9
-2 .9
126.6
135.4
141.1
140.7
1,561.0
1,606.6
1,652.4
1,712.8
188.4
195.3
198.2
208.1
1,372.5
1,411.3
1,454.3
1,504.6
1,262.7
1,291.8
1,323.9
1,363.2
109.8
119.5
130.3
141.4
8.0
8.5
9.0
9.4
3 ,479.7
3,517.4
3 ,570.6
3,642.1
1 9 7 8 :1 ...........
I I ..........
I l l ........
IV ........
1,917.3
2,012.2
2 ,058.2
2 ,121.9
1,269.7
1,318.4
1,355.7
1,400.6
1,064.2
1,106.4
205.5
212.0
217.7
224.3
18.3
20.6
20.4
19.1
139.5
146.7
191.7
218.7
222.8
233.3
144.0
160.7
165.2
175.1
1,866.5
1,921.7
211.7
222.8
236.0
247.0
1,538.9
1,589.0
10.9
11.5
- 2 .7
-2 .1
-1 .2
- 1 .4
1,750.7
1,811.9
115.3
119.6
158.5
165.0
161.7
163.8
9.6
10.2
150.0
152.1
21.4
20.9
22.7
23.3
111.3
113.9
1,138.0
1,176.2
1,630.5
1,674.8
1,394.9
1,454.2
1,486.7
1,527.3
144.0
134.8
143.8
147.5
9.4
8.5
8.8
8.8
3 ,663.5
3,706.3
3 ,737.6
3,768.3
1 9 7 9 :1 ...........
I I .........
I l l ........
IV ........
2,177.9
2 ,216.0
2 ,269.9
2,332.4
1,445.3
1,477.5
1,210.2
1,236.3
1,270.9
1,305.8
235.1
241.2
248.1
255.5
23.3
21.4
21.9
20.5
154.8
156.8
159.4
162.2
25.0
22.1
21.8
26.3
223.8
224.8
223.7
220.7
126.6
132.8
140.8
155.4
168.4
170.0
173.1
176.0
12.5
12.9
13.3
13.4
- 1 .8
- 2 .3
- 3 .0
- 3 .5
176.2
182.5
186.5
182.3
1,979.1
2 ,021.9
2,088.5
2,159.2
253.4
261.8
274.6
285.0
1,725.8
1,760.2
1,813.9
1,874.2
1,563.8
1,605.5
1,661.3
1,706.8
162.0
154.6
152.6
167.4
9.4
8.8
8.4
8.9
3,811.7
3 ,785.2
3,807.2
3,841.5
1,518.9
1,561.4
See the footnotes at the end of the table.
August 2008
GDP and Other Major NIPA Series
184
T a b le 4 . N a tio n a l In c o m e a n d
D i s p o s it io n o f P e r s o n a l In c o m e — C o n tin u e s
[Billions of dollars; q u arterly estim ates a re seaso n ally ad ju sted at annual rates]
Disposition of personal income
National income
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supple
ments to
wages
and
salaries
Proprietors’
income with IVA
and CCAdj
Farm
Nonfarm
Rental
income
of
persons
with
CCAdj
Corporate
profits
with IVA
and
CCAdj
Net
Taxes on
interest production Business
current
and
and
transfer
miscel
imports
payments
laneous
less
payments subsidies1
Adden
Current
dum:
surplus
Corporate
Less:
of
profits
Personal Personal
govern
after tax
income
current
ment
without
taxes
enter
IVA and
prises 1
CCAdj
Equals:
Dispos
able
personal
income
Saving as a
percent
Real
Less:
Equals:
age of
disposabi
Personal Personal
e personal
disposable
saving
outlays
personal
in c o m e2
income
1 9 8 0 :1
............
I I .........
I l l ........
I V ........
2 ,386.8
2,37 1.2
2 ,434.0
2,56 5.3
1,602.5
1,625.1
1,657.9
1,721.6
1,338.4
1,354.9
1,381.0
1,436.3
264.1
270.3
276.9
285.3
12.9
2.7
11.5
18.3
163.2
158.3
162.0
167.6
29.8
25.4
26.6
38.2
216.7
185.8
192.3
209.7
171.3
176.9
180.1
199.0
180.7
187.6
194.6
200.7
13.5
13.8
14.1
16.1
-3 .9
- 4 .4
-5 .2
- 5 .8
183.9
153.8
161.8
165.7
2,228.2
2,246.8
2,322.8
2,433.7
284.2
291.6
301.6
318.2
1,944.0
1,955.2
2,021.2
2,115.5
1,759.2
1,761.2
1,819.7
1,890.1
184.9
194.0
201.6
225.4
9.5
9.9
10.0
10.7
3,869.4
3 ,800.0
3,839.0
3 ,920.8
1 981:1............
I I .........
I l l ........
I V ........
2 ,656.9
2 ,702.3
2 ,798.7
2 ,811.5
1,774.5
1,808.0
1,846.4
1,874.2
1,474.7
1,502.4
1,535.1
1,557.8
299.8
305.7
311.3
316.4
17.3
17.8
23.0
16.7
171.2
161.8
163.3
160.7
36.7
36.5
37.8
41.0
223.7
218.8
238.6
223.3
201.9
221.4
251.0
255.1
220.6
225.2
226.7
225.7
16.9
17.1
17.8
18.4
-6 .0
- 4 .3
- 5 .9
- 3 .6
169.8
154.9
158.7
154.3
2,492.2
2 ,544.9
2 ,645.9
2,682.1
330.3
342.1
356.3
352.1
2,161.9
2,202.8
2,289.6
2,330.1
1,950.2
1,984.6
2,027.5
2,044.9
2 11.6
218.3
262.2
285.1
9.8
9.9
11.5
12.2
3,905.7
3,9 15 .0
4,003.1
4 ,012.8
1 9 8 2 :1
............
I I .........
I l l ........
I V ........
2 ,815.6
2 ,864.2
2 ,883.8
2 ,893.7
1,897.9
1,917.3
1,937.1
1,951.1
1,573.2
1,587.1
1,602.3
1,612.2
324.6
330.2
334.8
338.9
14.1
12.6
11.8
13.8
156.1
162.5
164.3
170.1
40.1
37.6
39.6
38.0
201.1
214.4
214.8
208.4
266.4
278.3
271.4
268.4
223.8
225.1
229.2
227.3
19.5
20.1
20.4
20.6
-3 .5
- 3 .7
- 4 .8
-4 .0
133.0
134.1
132.3
128.7
2,711.6
2,758.2
2 ,796.7
2,834.7
351.9
359.1
349.5
356.0
2 ,359.7
2,399.1
2,447.2
2,478.7
2 ,086.6
2,116.4
2,167.1
2,231.5
273.1
282.7
280.1
247.2
11.6
11.8
11.4
10.0
4 ,013.3
4 ,041.9
4,05 9.3
4,066.2
1983:1............
I I .........
I l l ........
I V ........
2,959.1
3,040.0
3 ,117.8
3 ,219.9
1,979.2
2,017.2
2,059.5
2,114.5
1,629.5
1,661.8
1,699.0
1,748.1
349.7
355.4
360.6
366.4
12.8
7.6
-0 .1
3.5
175.2
181.8
190.2
198.9
38.0
38.3
35.8
39.0
230.4
260.9
277.3
288.3
274.8
275.6
290.0
300.8
231.2
240.1
245.8
252.7
21.0
21.6
22.7
24.6
-3 .5
-3 .1
- 3 .5
- 2 .4
131.1
150.9
163.0
167.9
2,871.5
2,923.3
2,980.0
3,068.0
350.3
359.0
344.9
355.1
2,521.2
2,564.3
2,635.1
2 ,712.9
2,274.0
2,341.0
2,414.5
2,469.6
247.2
223.3
220.6
243.3
9.8
8.7
8.4
9.0
4 ,100.4
4,132.7
4,19 1 .6
4,286.5
1984:1............
I I .........
I l l ........
I V ........
3,358.1
3 ,458.5
3,526.4
3 ,586.2
2,184.8
2,235.4
2,281.5
2,32 0.9
1,794.0
1,837.9
1,877.3
1,911.1
390.8
397.5
404.1
409.7
19.2
20.9
20.1
22.2
212.4
225,0
228.6
225.0
37.8
36.3
40.8
45.8
314.3
324.2
314.5
321.4
303.3
321.7
340.0
343.2
261.0
267.3
271.8
276.9
27.6
29.6
31.1
32.1
- 2 .2
- 2 .0
-2 .1
-1 .3
176.6
177.3
164.9
165.5
3,166.0
3,255.3
3,338.6
3,397.9
360.7
370.0
383.6
395.5
2,805.3
2,885.4
2,955.0
3,002.4
2,517.2
2 ,578.9
2,620.5
2,672.5
288.2
3 06.5
334.5
330.0
10.3
10.6
11.3
11.0
4 ,385.5
4,4 6 7.0
4,5 3 9.8
4,58 3.9
1 98 5:1 ............
I I .........
I l l ........
I V ........
3,652.6
3,700.1
3,746.8
3,794.1
2,366.2
2 ,402.2
2,441.1
2,489.2
1,946.2
1,976.3
2 ,009.3
2,050.1
419.9
426.0
431.8
439.1
22.6
20.3
19.1
21.2
2 40.7
240.9
242.0
242.4
44.1
43.3
41.0
39.3
322.7
326.7
343.3
328.5
343.2
341.3
334.5
346.3
280.4
285.2
291.0
292.4
33.1
39.0
33.5
33.8
-0 .3
1.2
1.3
1.0
153.5
156.3
159.5
162.8
3,464.0
3,505.6
3,536.5
3,600.6
431.8
388.1
421.1
428.5
3,032.2
3,117.5
3,115.4
3,172.2
2,748.5
2,798.6
2,869.7
2,900.4
283.7
318.9
245.7
271.8
9.4
10.2
7.9
8.6
4 ,580.0
4 ,673.4
4,64 0.4
4,68 8.0
1 986:1............
I I .........
I l l ........
I V ........
3,8 5 6.3
3,874.1
3,916.8
3,962.1
2,522.7
2,545.3
2,581.4
2,631.1
2,076.3
2,093.8
2 ,124.0
2 ,165.2
446.4
451.5
457.4
466.0
19.4
19.8
25.6
25.6
245.2
251.5
258.3
257.3
38.3
36.2
31.7
27.9
327.1
320.6
313.7
316.6
365.1
368.6
369.9
363.4
294.8
295.7
301.1
303.9
42.8
35.1
33.8
34.6
1.1
1.2
1.2
1.7
131.6
133.4
135.9
144.3
3,659.1
3,698.0
3,746.2
3,786.2
425.8
428.9
438.9
455.5
3,233.4
3,269.1
3,307,2
3,330.7
2 ,945.6
2,978.6
3,050.8
3,091.8
287.7
290.5
256.4
238.9
8.9
8.9
7.8
7.2
4,744.2
4 ,793.8
4,813.6
4 ,813.4
1987:1............
I I ..........
I l l ........
I V ........
4,035.8
4 ,124.5
4,218.3
4,316.4
2,678.6
2,721.1
2 ,767.6
2,833.7
2 ,207.7
2,244.9
2 ,285.4
2,344.9
470.8
476.2
482.2
488.7
26.5
28.6
28.8
30.7
265.1
269.9
275.9
283.3
31.7
29.3
34.7
38.1
327.9
363.6
387.5
396.3
361.9
361.5
368.2
373.8
308.1
314.3
321.5
326.8
34.3
34.8
33.1
33.1
1.6
1.3
1.0
0.7
162.8
186.5
195.4
204.0
3,847.3
3,900.6
3,973.0
4,068.6
450.3
511.2
488.5
506.5
3,397.1
3,389.4
3,484.5
3,562.1
3,124.0
3,191.3
3,258.9
3,293.4
273.0
198.1
225.6
268.7
8.0
5.8
6.5
7.5
4,854.6
4 ,802.3
4 ,8 87 .3
4,954.1
1988:1............
I I .........
I l l ........
I V ........
4,410.8
4,503.2
4,591.3
4,692.2
2,883.1
2 ,945.5
2 ,994.2
3,045.9
2 ,381.5
2 ,435.5
2 ,476.0
2,518.8
501.6
510.0
518.3
527.1
33.3
27.5
28.9
17.6
300.1
312.0
321.3
325.5
39.1
37.2
38.4
47.6
408.2
427.5
436.0
458.8
379.8
373.9
385.6
402.1
335.2
343.3
349.0
354.6
32.3
33.0
34.5
36.2
-0 .4
3.3
3.4
3.8
2 25.3
243.4
248.9
260.2
4,139.6
4,208.2
4,292.6
4,374.5
501.1
496.9
505.7
516.3
3,638.5
3,711.3
3,786.9
3,858.2
3,376.1
3,437.6
3,506.8
3,582.7
262.4
273.7
280.0
275.5
7.2
7.4
7.4
7.1
5,016.9
5,061.3
5 ,10 3 .3
5 ,149.2
1 9 8 9 :1
............
I I .........
I l l ........
I V ........
4 ,775.4
4,803.9
4,840.7
4,886.6
3 ,092.8
3,122.1
3,158.3
3,207.7
2,555.5
2 ,576.9
2 ,605.0
2,648.1
537.3
545.2
553.3
559.7
36.7
32.4
30.0
32.9
330.3
327.7
329.0
334.1
46.1
46.5
41.5
38.3
437.1
428.1
425.8
433.0
437.1
432.5
363.8
370.7
377.4
376.6
38.1
38.3
40.9
39.7
4.7
5.2
5.3
4.5
251.4
238.0
225.8
235.6
4,506.2
4,558.5
4,608.8
4,677.8
551.3
565.1
570.0
578.2
3,954.9
3,993.4
4,038.8
4,099.5
3,640.9
3,708.1
3,769.0
3,820.1
314.0
285.3
269.7
279.5
7.9
7.1
421.0
420.3
6.7
6.8
5 ,216.3
5,199.1
5 ,224.9
5 ,259.9
1 9 9 0 :1............
I I .........
I l l ........
I V ........
4,99 9.4
5,090.7
5,121.3
5,145.2
3,272.8
3,330.5
3,370.2
3,379.4
2 ,701.2
2,749.8
2,781.3
2,783.7
571.6
580.7
588.9
595.6
34.7
32.5
31.3
29.0
341.8
347.3
353.8
352.0
44.5
47.7
54.0
56.4
433.6
457.8
430.4
429.4
436.6
441.1
440.7
450.3
393.0
393.3
400.7
407.9
39.4
39.1
39.1
40.0
3.0
1.5
1.1
0.7
253.8
265.2
267.4
269.9
4,778.8
4,860.8
4,924.5
4,950.2
580.6
592.7
598.8
598.9
4,198.2
4,268.1
4,325.7
4,351.3
3,905.6
3,960.9
4,027.8
4,051.3
2 92 .6
307.2
297.8
300.0
7.0
7.2
6.9
6.9
5,307.9
5,338.7
5,343.6
5 ,306.6
1991:1............
I I .........
I l l ........
I V ........
5 ,165.9
5,199.7
5 ,246.9
5 ,298.9
3 ,394.5
3,426.5
3,461.5
3,498.5
2 ,786.7
2,809.6
2,834.3
2,861.4
607.9
616.9
627.2
637.2
26.0
27.7
24.5
28.8
341.9
346.5
352.7
360.4
55.9
58.3
61.6
65.3
456.0
449.4
447.8
451.6
429.8
420.6
418.8
403.8
417.8
425.0
434.2
443.8
40.6
39.7
39.6
39.6
3.4
6.0
6.2
7.1
283.8
280.0
283.3
290.5
4,965.7
5,025.5
5,071.7
5,140.9
578.5
583.7
588.0
596.4
4,387.1
4,441.8
4,483.7
4,544.5
4,066.7
4,124.1
4 ,170.0
4,199.8
320.4
317.7
3 13.7
344.7
7.3
7.2
7.0
7.6
5 ,310.5
5,347.1
5,359.6
5 ,389.4
1 9 9 2 :1
............
I I .........
I l l ........
I V ........
5,432.6
5 ,506.4
5 ,486.7
5,625.3
3,566.8
3,617.0
3 ,659.9
3,6 9 8.0
2,911.7
2,950.1
2,982.3
3,014.0
655.0
666.9
677.6
684.0
33.0
35.5
35.2
34.3
376.5
389.8
397.2
408.8
71.6
79.8
70.8
89.9
492.4
494.8
428.5
501.6
397.5
390.4
382.7
383.3
448.3
452.5
456.2
458.8
39.3
38.9
48.0
43.5
7.4
7.7
8.2
7.2
317.4
325.7
285.6
320.8
5,238.0
5,321.0
5,382.5
5,506.5
586.6
604.9
613.9
636.9
4,651.4
4,716.1
4,768.6
4,869.6
4,292.0
4,342.3
4,418.5
4,488.7
359.4
373.8
350.1
380.9
7.7
7.9
7.3
7.8
5,473.9
5 ,514.6
5 ,537.4
5,619.2
1993:1............
I I .........
I l l ........
I V ........
5,663.8
5,750.9
5 ,779.8
5,898.9
3,738.7
3,782.5
3,823.2
3,861.2
3,042.7
3,074.2
3,105.5
3,134.3
696.0
708.3
717.6
727.0
28.8
35.1
25.5
35.5
415.9
421.2
423.4
429.9
90.9
95.3
94.3
101.7
505.1
536.2
539.3
587.0
381.0
371.6
359.2
351.1
454.9
461.0
467.9
484.4
42.3
40.2
39.8
40.3
6.2
7.8
7.3
7.6
328.8
342.9
343.5
369.0
5,419.5
5,542.3
5,579.6
5,692.8
617.9
641.2
655.3
672.1
4,801.6
4,901.1
4,924.3
5,020.8
4,529.2
4,596.9
4,659.8
4,725.7
272.4
304.3
264.5
295.1
5.7
6.2
5.4
5.9
5,512.1
5,590.2
5 ,597.4
5,677.2
1 9 9 4 :1
............
I I .........
I l l ........
I V ........
5 ,931.9
6,091.1
6,181.8
6 ,284.2
3 ,929.6
3,978.1
4 ,0 13 .7
4,067.5
3,190.9
3 ,231.5
3,262.9
3,313.7
738.7
746.6
750.8
753.8
40.9
35.9
31.4
27.6
420.0
439.3
444.5
453.7
105.7
120.9
126.2
125.9
526.7
597.1
625.2
652.2
353.9
357.9
370.9
382.9
499.0
512.5
519.0
523.4
48.5
40.3
42.0
42.3
7.6
9.2
8.9
8.6
346.2
376.9
397.5
412.6
5,668.9
5,813.7
5,891.0
5,996.5
670.2
695.6
693.5
703.4
4,998.7
5,118.1
5,197.5
5,293.1
4,795.4
4,859.3
4,941.2
5,013.7
203.3
258.8
256.3
279.4
4.1
5.1
4.9
5.3
5 ,629.9
5,733.1
5 ,770.8
5,850.9
See the footnotes at the end of the table.
Survey of Current Business
August 2008
185
Table 4. National Income and Disposition of Personal Income—Table E
nds
[B illio n s o f do lla rs; q u a rte rly e s tim a te s are s e a s o n a lly a d ju s te d a t a n n u a l rates]
National income
Compensation of employees
Year and
quarter
National
income
Total
Wage
and
salary
accruals
Supple
ments to
wages
and
salaries
Proprietors’
income with IVA
and CCAdj
Farm
Nonfarm
Disposition of personal income
Rental
Net
Taxes on
Corporate
income
interest production Business
profits
and
and
current
of
with IVA
transfer
persons
miscel
imports
and
with
less
payments
laneous
CCAdj
CCAdj
payments subsidies1
Adden
Current
dum:
surplus
Corporate
of
profits
Personal
govern
income
after tax
ment
without
enter
IVA and
prises '
CCAdj
Less:
Personal
current
taxes
Equals:
Dispos
able
personal
income
Saving as a
percent
Real
Less:
Equals:
disposable
age of
Personal Personal
disposable personal
saving
outlays
personal
in c o m e2
income
1995; I ...........
I I .........
I l l ........
I V ........
6 ,356.3
6 ,408.0
6,492.1
6,559.3
4 ,134.9
4,169.5
4 ,213.8
4,255.1
3,379.2
3,412.6
3,455.1
3 ,495.7
755.7
757.0
758.7
759.4
20.9
19.0
22.0
28.8
462.2
465.9
471.8
477.9
122.6
122.3
119.6
124.1
657.4
683.9
720.6
724.9
379.1
369.2
360.1
359.8
521.9
520.2
525.2
529.6
45.4
46.7
47.6
47.8
11.8
11.3
11.3
11.3
437.7
455.4
462.8
466.5
6,072.3
6,119.2
6,174.6
6,243.0
721.4
742.9
7 47.5
764.4
5,350.9
5,376.3
5,427.1
5,478.6
5,048.1
5,123.3
5,196.8
5,260.9
302.9
25 3.0
230.3
21 7.6
5.7
4.7
4.2
4.0
5 ,886.4
5 ,88 1.7
5,912.1
5 ,943.3
1 9 9 6 :1 ...........
I I .........
I l l ........
I V ........
6,677.0
6 ,796.6
6 ,876.8
7,01 0.0
4,295.3
4,362.7
4 ,422.7
4,481.5
3,532.7
3,596.8
3 ,653.9
3,709.5
762.6
765.9
768.8
772.0
36.7
43.9
33.4
35.2
4 89.3
504.0
512.1
518.2
131.1
130.7
132.1
132.0
768.1
780.9
787.1
808.5
359.9
370.2
379.8
394.9
536.6
543.6
547.8
559.4
48.0
48.4
48.8
67.0
12.1
12.3
12.9
13.3
492.8
499.9
498.9
513.8
6,371.1
6,490.5
6,566.0
6 ,654.6
796.6
833.9
838.5
859.4
5,574.5
5,656.6
5,727.5
5,795.3
5,338.0
5,433.6
5,492.6
5,576.0
236.5
223.0
234.9
219.2
4.2
3.9
4.1
3.8
6,010.0
6 ,059.8
6 ,11 1.3
6 ,142.5
1 9 9 7 :1 ...........
I I .........
I l l ........
I V ........
7,114.6
7,220.0
7,361.1
7,473.0
4 ,553.5
4,615.0
4 ,690.5
4,787.8
3,777.7
3,833.7
3,900.5
3,986.8
775.8
781.3
790.0
801.0
39.1
29.8
34.5
33.4
530.5
537.0
545.3
554.5
130.0
129.5
128.2
127.4
835.2
861.2
895.5
881.9
404.3
409.0
416.9
432.3
562.5
577.9
584.4
591.5
46.8
47.3
53.3
52.1
12.6
13.3
12.5
12.0
529.4
548.2
5 70.4
560.4
6,773.1
6,847.0
6 ,956.7
7,083.7
895.7
910.4
935.9
963.3
5,877.4
5,936.7
6,020.8
6,120.5
5,663.7
5,706.0
5,816.1
5,896.2
213.7
230.6
204.7
224.3
3.6
3.9
3.4
3.7
6,2 01 .3
6 ,251.9
6,32 3.3
6,4 06 .6
1 9 9 8 :1 ...........
I I .........
I l l ........
I V ........
7,573.3
7,687.5
7,823.1
7,927.3
4,893.4
4 ,976.9
5,061.5
5,145.7
4,075.7
4,146.4
4,218.3
4,290.4
817.6
830.5
843.2
855.3
29.6
27.7
27.4
32.8
576.6
591.5
605.1
620.4
131.0
135.7
141.6
141.6
811.9
794.0
807.1
793.5
464.7
488.5
498.8
496.2
595.6
601.6
607.7
612.8
59.8
60.8
63.3
75.1
10.7
10.8
10.6
9.2
478.9
471.0
4 69.2
460.8
7,247.1
7,376.0
7,485.8
7,583.0
991.2
1,018.3
1,037.7
1,061.0
6,255.9
6,357.7
6,448.1
6,522.1
5,964.2
6,072.3
6,167.6
6,272.5
291.7
285.4
280.5
249.6
4.7
4.5
4.3
3.8
6 ,543.4
6,6 38 .6
6,71 0.9
6,76 3.0
1 9 9 9 :1 ...........
I I .........
I l l ........
I V ........
8,074.2
8,161.3
8,254.7
8,456.4
5 ,248.0
5,302.5
5 ,376.3
5,501.7
4,380.9
4,425.4
4,486.1
4,593.2
867.0
877.1
890.2
908.5
34.9
29.3
25.6
24.6
629.4
642.7
655.1
671.5
145.2
147.6
144.5
152.1
844.2
849.3
842.3
869.3
480.6
490.6
498.8
511.5
6 16.6
623.5
634.0
645.3
64.2
65.4
68.1
71.8
11.2
10.5
10.0
8.6
499.3
510.0
515.1
544.5
7,658.4
7,728.8
7,823.7
7,998.8
1,071.7
1,090.2
1,115.5
1,152.5
6,586.7
6,638.6
6,708.2
6,846.2
6,346.3
6,489.5
6,593.2
6,716.6
240.4
149.1
115.0
129.7
3.6
2.2
1.7
1.9
6 ,812.9
6,822.1
6 ,8 5 6.0
6 ,9 55 .6
2 0 0 0 :1 ...........
I I .........
I l l ........
I V ........
8,680.5
8 ,750.4
8 ,858.3
8,891.7
5,694.1
5,727.2
5,837.4
5 ,871.9
4,760.0
4,783.2
4,874.9
4,898.8
934.1
944.0
962.5
973.1
23.2
23.8
23.0
20.7
686.1
702.7
712.6
721.4
153.8
148.5
148.2
150.5
832.6
833.0
811.8
794.3
548.3
560.6
564.3
563.0
653.2
662.6
667.9
674.6
81.3
85.0
88.9
93.1
7.9
7.1
4.2
2.2
514.6
512.2
502.3
503.7
8,266.2
8,372.3
8,514.4
8,565.8
1,207.0
1,231.1
1,248.0
1,256.6
7 ,059.2
7,141.2
7,266.4
7,309.3
6,888.0
6 ,970.0
7,076.3
7,168.1
171.2
171.3
190.1
141.2
2.4
2.4
2.6
1.9
7 ,109.7
7 ,157.5
7 ,2 4 9 .3
7,259.6
2 0 0 1 : 1 ...........
I I .........
I l l ........
I V ........
8,987.6
9,001.5
8 ,890.3
9,039.9
5,946.2
5,944.6
5 ,939.3
5,938.3
4,961.1
4,951.4
4,935.2
4,923.4
985.1
993.2
1,004.1
1,014.8
21.9
19.2
17.7
20.0
747.5
751.5
755.7
754.1
155.3
161.7
176.4
176.2
778.7
783.1
714.5
793.0
565.2
569.9
565.5
564.8
672.8
667.9
658.2
694.5
98.3
104.8
65.7
102.5
1.7
-1 .1
-2 .9
- 3 .4
532.1
537.1
473.6
472.4
8,688.7
8,719.9
8,733.1
8,754.8
1,296.6
1,312.3
1,110.3
1,230.0
7,392.1
7,407.6
7,622.8
7,524.8
7,253.5
7,318.8
7,361.2
7 ,484.4
138.6
8 8.7
26 1.6
40.5
1.9
1.2
3.4
0.5
7,2 8 3.0
7,252.1
7 ,452.2
7 ,346.0
2 0 0 2 : 1 ...........
I I .........
I l l ........
I V ........
9,131.1
9,211.7
9 ,247.5
9 ,326.7
6,025.3
6,091.5
6,114.5
6,133.4
4,961.2
4,989.4
4,988.5
4,984.5
1,064.2
1,102.1
1,126.0
1,148.9
8.9
4.0
11.0
18.4
754.1
759.4
758.1
759.7
172.1
167.7
142.9
129.2
829.4
864.3
895.4
956.1
545.8
519.3
507.0
511.5
706.1
720.8
733.3
737.2
91.1
85.8
81.4
78.8
- 1 .6
- 1 .2
4.0
2.3
518.9
553.6
589.5
641.3
8,814.7
8,892.0
8,895.4
8,925.5
1,063.2
1,050.3
1,050.0
1,043.8
7,751.5
7,841.7
7,845.4
7,881.7
7,526.1
7,620.5
7,692.4
7,742.4
22 5 .4
221.2
153.0
139.3
2.9
2.8
2.0
1.8
7 ,549.9
7 ,585.2
7,555.5
7 ,559.3
2 0 0 3 : 1 ...........
I I .........
I l l ........
IV ........
9 ,406.7
9 ,537.9
9 ,699.3
9 ,885.4
6,202.4
6,28 9.0
6,365.8
6,444.3
5,032.4
5,098.7
5,159.3
5,220.4
1,170.0
1,190.3
1,206.6
1,223.9
21.8
30.5
32.1
32.5
757.4
771.2
791.5
808.3
137.4
130.5
116.3
147.6
923.6
956.2
1,016.2
1,076.5
529.1
529.6
526.4
513.7
745.5
744.6
766.4
780.7
84.1
83.8
84.1
83.3
5.4
2.5
0.5
-1 .5
625.3
622.2
672.7
738.9
8,998.2
9,111.3
9,203.6
9,341.3
1,022.7
1,023.7
942.6
1,015.4
7,975.5
8,087.6
8,261.0
8,326.0
7,826.4
7,913.7
8,067.0
8,143.5
149.1
173.9
194.0
182.5
1.9
2.2
2.3
2.2
7 ,591.7
7,685.7
7,804.8
7,837.3
2 0 0 4 :1 ...........
I I .........
I l l ........
IV ........
10,090.0
1 0,248.0
10,317.8
10,571.3
6,505.6
6 ,596.7
6,709.7
6,813.6
5,257.4
5,329.7
5,422.8
5,508.1
1,248.2
1,266.9
1,286.9
1,305.5
40.3
39.6
33.0
36.5
839.1
869.1
881.1
908.0
140.4
126.0
105.5
101.7
1,184.0
1,227.4
1,218.7
1,294.8
497.3
491.8
483.9
491.8
801.1
814.2
823.6
837.9
84.8
86.6
67.0
93.6
- 2 .5
- 3 .3
- 4 .7
- 6 .5
845.8
892.5
896.7
954.2
9,482.8
9 ,629.6
9,770.9
10,025.5
1,008.1
1,024.5
1,062.1
1,090.7
8,474.7
8,605.1
8,708.9
8,934.8
8,299.5
8,432.9
8,553.7
8,710.6
175.1
172.2
155.2
224.2
2.1
2.0
1.8
2.5
7,908.7
7,955.1
8 ,012.2
8 ,158.8
2 0 0 5 : 1 ...........
I I .........
I l l ........
IV ........
10,826.3
10,958.9
10,779.5
11,331.3
6,884.4
6,95 7.4
7,090.2
7,191.0
5,553.1
5,611.5
5,725.6
5,816.5
1,331.4
1,346.0
1,364.7
1,374.5
33.2
38.3
37.1
27.7
903.0
909.8
923.3
966.7
90.1
72.2
-5 6 .9
58.0
1,438.2
1,472.4
1,342.6
1,538.6
537.0
554.8
583.9
600.8
850.0
865.5
876.6
883.5
97.4
97.9
8.5
76.1
-7 .1
- 9 .3
-2 5 .8
-1 1 .4
1,193.5
1,200.1
1,149.9
1,284.1
10,044.5
10,184.4
10,289.1
10,561.0
1,163.8
1,192.7
1,222.3
1,252.5
8,880.7
8,991.7
9,066.9
9,308.6
8,808.1
8,945.9
9,129.8
9,234.2
72.5
45.8
-6 2 .9
74 .4
0.8
0.5
- 0 .7
0.8
8 ,06 0.4
8,1 10 .0
8 ,08 4.0
8 ,231.8
2 0 0 6 :1 ...........
I I ..........
I l l ........
IV ........
11,611.1
11,738.5
11,848.6
11,984.7
7 ,318.0
7,364.2
7 ,441.9
7,611.1
5,926.4
5,966.2
6,034.2
6,187.2
1,391.6
1,398.0
1,407.8
1,423.9
17.3
9.8
13.8
23.7
987.5
1,008.4
999.6
998.7
52.8
45.6
40.4
38.2
1,634.2
1,681.6
1,713.8
1,644.5
615.5
629.7
630.1
649.3
908.5
923.8
932.0
941.5
85.1
83.5
86.0
86.8
- 7 .8
- 8 .3
-9 .1
- 9 .2
1,359.9 10,781.6
1,425.2 10,913.2
1,442.6 11,056.1
1,391.4 11,224.7
1,316.0
1,341.1
1,356.2
1,399.6
9,465.6
9,572.1
9,699.9
9,825.1
9,371.2
9,518.0
9,651.8
9,739.0
94.4
54.2
48.1
86.1
1.0
0.6
0.5
0.9
8 ,334.2
8 ,36 0.4
8,407.1
8 ,526.2
2 0 0 7 : 1 ...........
I I .........
I l l ........
IV ........
12,087.4
12,233.6
12,338.6
12,424.1
7,709.0
7,760.1
7,839.3
7,941.0
6,269.0
6,310.7
6,377.7
6,465.5
1,440.0
1,449.4
1,461.6
1,475.5
39.3
42.3
47.4
47.1
997.9
1,007.9
1,016.4
1,026.7
35.1
44.6
41.8
38.6
1,617.8
1,672.5
1,668.3
1,611.1
645.8
660.8
663.0
688.1
955.2
956.4
965.7
975.3
98.3
97.4
102.2
103.1
-1 0 .8
- 8 .5
- 5 .5
- 6 .7
1,390.4 11,473.0
1,446.3 11,577.5
1,446.1 11,730.4
1,460.9 11,872.1
1,459.5
1,489.4
1,501.6
1,520.5
10,013.5
9,904.2
10,088.0 10,056.9
10,228.8 10,182.0
10,351.5 10,309.2
109.3
31.1
46.8
42.4
1.1
0.3
0.5
0.4
8 ,617.7
8 ,6 04 .5
8,671.1
8,683.1
2008:1
II
12,467.5
8,029.6
8,094.4
6.538.2
6.592.2
1,491.4
1,502.1
41.6
41.0
1.030.1
1.036.2
39.1
54.3
1,593.5
662.3
665.2
975.1
983.3
103.2
103.0
-7 .1
- 7 .6
1,348.0
1.541.2
1.362.3
10,440.0 10,404.9
10,833.4 10,548.5
35.1
284.9
0.3
2.6
8 ,68 0.0
8,91 4.6
11,981.2
12,195.7
1. Prior to 1959, the current surplus of government enterprises is not available separately; the current surplus of government enterprises is included in taxes on production and imports less subsidies.
2. Real disposable personal income in billions of chained (2000) dollars. Derived by deflation using the implicit price deflator for personal consumption expenditures.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
August 2008
186
U.S. Affiliates of Foreign Companies
Operations in 2006
By Thomas Anderson
T
HE current-dollar value added of majority-owned
U.S. affiliates of foreign companies grew 12 percent
in 2006—the fastest rate of increase since 2000, when
affiliate value added was boosted by record levels of
new foreign direct investment, according to prelimi
nary statistics derived from the Bureau of Economic
Analysis’ most recent annual survey of foreign direct
investment in the United States. The 2006 increase,
which was driven mostly by expansion of existing affil
iate operations, was roughly double the growth rate of
current-dollar value added for the U.S. economy as a
whole; as a result, the affiliate share of total U.S. private
industry value added rose from 5.8 percent in 2005 to
6.1 percent in 2006.
The 12 percent increase in value added by majorityowned nonbank U.S. affiliates (“U.S. affiliates”) in
2006—from $550 billion to $615 billion—was sub
stantially higher than the 7 percent increase in 2005
(table l).1 In comparison, total U.S. current-dollar
value added in nonbank private industries increased 6
percent in 2006, following an increase of 7 percent in
2005. As a result of the faster growth by affiliates in
2006, the share of U.S. nonbank private industry value
added accounted for by U.S. affiliates rose from 5.8
percent in 2005 to 6.1 percent in 2006, the highest affil
iate share since 1988 (the earliest year for which esti
mates of the value added of majority-owned affiliates
are available) (chart 1).
Much of the 2006 increase in affiliate value added
reflected expanded production by existing affiliates,
particularly in pharmaceuticals manufacturing, secu
rities brokerage services, insurance services, and sup
port activities for oil and gas extraction. New
1. This article focuses on the operations of nonbank U.S. affiliates that are
m ajority-ow ned by foreign direct investors. The Bureau o f Economic Anal
ysis (BEA) also collects annual data on the operations of nonbank U.S. affil
iates th at are ow ned 50 percent or less by foreign direct investors; however,
beginning w ith the 2002 benchm ark survey, the data for these affiliates are
less extensive th an those for m ajority-ow ned affiliates. (Data on the opera
tions o f b ank affiliates have been collected only in benchm ark survey years.
BEA has proposed to collect these data annually, beginning with 2008 data.)
Selected data on the operations o f all (m ajority-ow ned and m inorityowned) non b an k U.S. affiliates are presented in tables that can be accessed
on BEA’s Web site at <w w w .bea.gov/international/dilfdiop.htm >. M ajor
ity-ow ned com panies account for m uch o f the foreign direct investm ent in
the U nited States. In 2006, m ajority-ow ned nonbank U.S. affiliates
accounted for 92 percent of the em ploym ent of all nonbank U.S. affiliates.
investments by foreign multinational companies—in
cluding acquisitions of U.S. companies by existing U.S.
affiliates—were an important but secondary factor in
the increase in affiliate value added and were partly
offset by the effect of foreign sales or liquidations of
T a b le 1 . V a lu e A d d e d a n d E m p lo y m e n t o f M a jo r it y - O w n e d N o n b a n k
U .S . A f f ilia t e s o f F o r e ig n C o m p a n ie s , 1 9 8 8 - 2 0 0 6
Employment
Value added
Millions
of dollars
As a percentage
of U.S. private
industry
value added
Thousands
of workers
As a percentage
of U.S. private
industry
employment
1 9 8 8 .......................................
146,424
3.8
3,119.0
3.5
1 9 8 9 .......................................
168,547
4.0
3,573.4
3.9
1 9 9 0 .......................................
190,477
4.3
3,841.7
4.2
1 9 9 1 .......................................
207,126
4.6
3,991.3
4.4
1 9 9 2 .......................................
214,781
4.5
3,903.9
4.3
1 9 9 3 .......................................
223,008
4.4
3,851.7
4.1
1 9 9 4 .......................................
244,690
4.5
3,954.0
4.1
1 9 9 5 .......................................
254,938
4.5
4,022.6
4.0
1 9 9 6 .......................................
283,422
4.7
4,155.6
4.1
1 9 9 7 .......................................
313,655
4.9
4,269.1
4.1
1 9 9 8 .......................................
353,860
5.2
4,669.5
4.3
1 9 9 9 .......................................
397,295
5.6
5,064.3
4.6
2 0 0 0 .......................................
447,287
5.9
5,656.5
5.0
2 0 0 1 .......................................
417,122
5.4
5,594.3
4.9
2 0 0 2 .......................................
460,609
5.8
5,425.4
4.9
2 0 0 3 .......................................
475,062
5.7
5,244.4
4.7
2 0 0 4 .......................................
2 0'
05
511,474
5.7
5,131.5
4.5
.....................................
549,569
5.8
5,201.6
4.5
2 0 0 6 » .....................................
614,685
6.1
5,330.5
4.6
Percent change from preceding year
p Preliminary
r Revised
N o te s. For improved comparability with U.S.-affiliate value added, U.S. private industry value added was
adjusted to exclude value added in depository institutions and private households, imputed rental income from
owner-occupied housing, and business transfer payments.
For the latest estimates of U.S. private industry value added, see Brian M. Lindberg and Justin M. Monaldo,
“Annual Industry Accounts: Advance Statistics on GDP by Industry for 2007” S u rv e y o f C u r r e n t Business 88
(May 2008): 38-50.
For improved comparability with U.S.-affiliate employment, U.S. private industry employment was adjusted to
exclude employment in depository institutions and private households.
For consistency with the coverage of the data on U.S. private industry employment, U.S.-affiliate employment
in Puerto Rico, in “other U.S. areas," and in “foreign” was excluded from the U.S.-affiliate totals when the
employment shares were computed.
August 2008
affiliates or of their subsidiary units.2
Employment by majority-owned U.S. affiliates rose
2.5 percent in 2006, following an increase of 1.4 per
cent in 2005, the first increases in affiliate employment
since 2000. Total U.S. employment in private indus
tries rose 1.8 percent in 2006; as a consequence, the
share of U.S. employment in private industries ticked
up from 4.5 percent to 4.6 percent.3The increase in af
filiate employment was largely due to acquisitions by
existing affiliates, especially in manufacturing and
food services and drinking places (restaurants). Entry
into the United States by new affiliates also contributed
to the growth in employment. Despite these increases,
the share of employment accounted for by affiliates re
mained below the 5.0 percent peak recorded in 2000.
The following are additional highlights of the oper
ations of U.S. affiliates in 2006:
• The United Kingdom continued to be the largest
investing country in terms of value added, followed
by Japan and Germany.
• Affiliates’ shares of U.S. employment by industry
were highest in mining and manufacturing.
•Affiliates’ shares of employment by state were high2. According to data from BEA’s survey of new foreign investm ents, o u t
lays by foreign direct investors to acquire or establish businesses in the
U nited States increased substantially, from $91 billion in 2005 to $165 bil
lion in 2006, b u t they were still below the levels reached in each of the years
in 1998-2000 (when outlays for new investm ent ranged from $215 billion
in 1998 to $336 billion in 2000); see Louise Ku-Graf, “Foreign Direct Invest
m ent in the U nited States: New Investm ent in 2007,” S u r v e y o f C u r r e n t
B u s i n e s s 88 (June 2008): 32-39.
3. Because U.S. affiliates tend to be concentrated in industrial sectors with
relatively high value added per employee (such as m anufacturing, m ining,
and wholesale trade) their share of U.S. em ploym ent has consistently been
lower th an their share o f U.S. value added.
Chart 1. Majority-Owned Nonbank U.S.-Affiliate Share
of U.S. Value Added and Employment in Private
ndustries, 1988-2006______________________
Percent
U.S. Bureau of Economic Analysis
187
Survey of Current Business
est in South Carolina and Connecticut.
•Affiliates continued to account for a large share of
both U.S. imports and U.S. exports of goods—26
percent of imports and 19 percent of exports.
• Research and development (R&D) spending by U.S.
affiliates rose 10 percent to $34.3 billion.
This article examines changes in value added, em
ployment, exports and imports of goods, and R&D ac
tivity of U.S. affiliates of foreign companies in 2006.
For each of these measures, changes are examined both
in the aggregate and for each major investing country.
For value added, changes are also examined by indus
try of affiliate and industry of the foreign owner. For
employment, changes are examined by industry of af
filiate and by state. Several additional measures of U.S.affiliate operations are presented in tables at the end of
this article.
V
a l u e
A
d d e d
In 2006, the current-dollar value added of majorityowned nonbank U.S. affiliates increased 12 percent, to
$615 billion, while total U.S. current-dollar value
added rose 6 percent. As a consequence, the share of
value added in private industry accounted for by U.S.
affiliates rose to 6.1 percent.
Reduction in Data Available for U.S. Affiliates
In order to align its programs with the available
resources, BEA is reducing the detail and modifying
the reporting criteria on the annual survey of the
operations of U.S. affiliates of foreign multinational
companies. Effective with the data year 2008, some
data items will be dropped from the survey, reporting
thresholds will be raised, and statistical sampling will
be expanded. In conjunction with these changes, the
level of detail published by country and by industry
will be reduced to ensure that the published statistics
continue to meet standards for statistical quality.
Although statistics on U.S. affiliates will become less
comprehensive, key data series will be maintained,
including those on employment, value added, trade in
goods, R&D expenditures, and sales of services.
These changes are part of a larger group of pro
grammatic changes that BEA is making in order to
align its work with current funding levels. In the inter
national area, BEA also plans cutbacks in its annual
survey of U.S. multinational companies, and it will
eliminate its survey of new foreign direct investments,
following the collection of data on transactions in
2008. Information on the Bureauwide program re
ductions is available at <www.bea.gov/agency/
availability_and_quality_of_data.htm>.
U.S. Affiliates of Foreign Companies
188
By country of ow nership
In 2006, seven major investing countries—Canada,
France, Germany, Japan, the Netherlands, Switzerland,
and the United Kingdom— accounted for more than
three-fourths of the value added of majority-owned
nonbank affiliates (table 2 and chart 2). In 2006, as has
been the case for many years, affiliates with ultimate
beneficial owners (UBOs) in the United Kingdom ac
counted for the largest share of affiliate value added
(see the box “Key Terms”). British-owned affiliates ac
counted for slightly less than 20 percent of affiliate
value added and for about 1 percent of total U.S. value
added in private industries. Japanese-owned affiliates
accounted for the second-largest share of affiliate value
added (12 percent), and German-owned affiliates ac
counted for the third-largest share (11 percent).
Among the seven largest investing countries, Swissowned affiliates recorded the largest increases in affili
ate value added in both dollar and percentage terms.
Their value added rose by $13.4 billion, or 37 percent.
The increase was due largely to new investment and
expansions in existing affiliate operations in “finance
(except depository institutions) and insurance” and in
pharmaceuticals manufacturing.4 In finance (except
4. In the remainder of this article “banks” refers to “depository institu
tions,” which is the industry title that appears in the tables.
August 2008
banks) and insurance, the increase reflected both ex
pansions in business activity (particularly by affiliates
in the securities brokerage industry) and affiliate ac
quisitions of U.S. firms. In pharmaceuticals, Swissowned affiliates increased production significantly. As
a result of these increases, Switzerland moved from
seventh- to sixth-largest investing country in terms of
value added, exchanging places with the Netherlands.
Value added by French-owned affiliates rose a substan
tial 18 percent, driven by acquisitions and expansion of
existing affiliates in manufacturing and food services.
Value added by Canadian-owned affiliates also rose 18
percent, driven by increased productivity among mining
affiliates and the entry of new affiliates in finance.
For German- and Netherlands-owned affiliates,
growth in value added was more modest. Value added
by German-owned affiliates rose 4 percent, as increases
in finance (except banks) and insurance were largely
offset by decreases in manufacturing. Value added by
Netherlands-owned affiliates rose 3 percent, as in
creases in wholesale and retail trade were largely offset
by declines in insurance.
Among other investing countries, value added in
creased substantially for affiliates with UBOs in Den
mark (52 percent), the United Kingdom Islands,
Caribbean (48 percent), and Ireland (46 percent).
Value-added growth by Danish-owned affiliates was
T a b le 2 . V a lu e A d d e d o f M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y C o u n t r y o f U lt im a t e B e n e f ic ia l O w n e r , 2 0 0 1 - 2 0 0 6
Percentage of all-countries total
Millions of dollars
2001
2002
2003
2004
2005
2006
2001
2002
2003
2004
2005
2006
Addendum:
Percent
change in
affiliate
value added,
2006
All c o u n tr ie s ...................................................................
417,122
460,609
475,062
511,474
549,569
614,685
100.0
100.0
100.0
100.0
100.0
100.0
11.8
C a n a d a ...........................................................................................
31,702
35,496
35,486
40,231
48,103
56,738
7.6
7.7
7.5
7.9
8.8
9.2
18.0
E u r o p e ............................................................................................
Belgium ..........................................................................................
Denm ark.........................................................................................
Fin lan d ...........................................................................................
Fra n c e .............................................................................................
G e rm a n y ........................................................................................
Irelan d .............................................................................................
Italy..................................................................................................
Netherlands...................................................................................
S w e d e n ..........................................................................................
Switzerland....................................................................................
United Kingdom............................................................................
O th e r...............................................................................................
270,144
5,925
1,188
313,054
6,927
3,019
3,709
41,186
63,242
3,226
5,380
43,327
12,088
31,217
355,682
7,110
2,114
3,758
49,867
65,379
4,122
7,487
44,546
12,681
36,680
113,929
8,011
392,437
7,169
3,215
4,155
58,937
67,918
5,996
9,321
45,784
11,206
50,113
120,265
8,358
(D)
65.1
1.5
0.6
0.8
8.9
12.9
0.7
1.3
8.5
2.6
6.7
19.6
1.1
65.9
1.5
0.6
0.8
8.7
13.3
0.7
1.1
9.1
2.5
6.6
19.8
1.2
65.0
1.6
0.6
0.7
8.6
12.7
0.7
1.2
8.2
2.4
6.6
20.5
1.2
64.7
1.3
0.4
0.7
9.1
11.9
0.7
1.4
94,230
5,501
332,450
8,080
3,117
3,731
44,026
64,977
3,525
6,354
4 1,686
12,086
33,646
105,032
6,189
64.8
1.4
0.3
(D)
299,965
6,997
2,738
3 ,877
40,947
59,434
3,291
5 ,824
39,102
11,972
30,809
90,124
4 ,850
8.1
2.3
6.7
20.7
1.5
63.8
1.2
0.5
0.7
9.6
11.0
1.0
1.5
7.4
1.8
8.2
19.6
1.4
10.3
0.8
52.1
10.6
18.2
3.9
45.5
24.5
2.8
-1 1 .6
36.6
5.6
4.3
Latin A m erica a n d O ther W estern H e m is p h e re .................
B erm uda.........................................................................................
M exico .............................................................................................
United Kingdom Islands, C aribbean.......................................
V enezuela.......................................................................................
O th e r...............................................................................................
30,075
14,949
2,660
2,022
36,737
21,745
3,299
1,995
34,453
18,541
2,964
2,487
38,832
21,449
3,195
2,230
41,112
21,313
4,835
3,035
50,030
25,438
5 ,914
4 ,484
7.2
3.6
0.6
0.5
8.0
4.7
0.7
0.4
7.3
3.9
0.6
0.5
7.6
4.2
0.6
0.4
7.5
3.9
0.9
0.6
8.1
4.1
1.0
0.7
(D)
(D )
(D)
(D)
(D)
(D )
(D )
(D)
(D )
(D)
(D)
(D)
(D )
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
21.7
19.4
22.3
47.7
n.a.
n.a.
(D)
35,444
46,882
3,109
4,665
36,188
10,803
29,097
89,151
(D)
(D)
(D)
8.5
11.2
0.7
1.1
8.7
2.6
7.0
21.4
A fr ic a ...............................................................................................
(D)
981
916
1,135
953
1,086
(D)
0.2
0.2
0.2
0.2
0.2
13.9
M iddle E ast ..
Saudi A rabia..................................................................................
O th e r...........
8,308
6 ,307
2 ,000
7,439
5 ,105
2,334
8,391
5 ,615
2,776
9,511
6,415
3,096
10,169
6,821
3,348
12,729
7 ,064
5,665
2.0
1.5
0.5
1.6
1.1
0.5
1.8
1.2
0.6
1.9
1.3
0.6
1.9
1.2
0.6
2.1
1.1
0.9
25.2
3.6
69.2
A s ia a n d P a c ific ...........................................................................
Australia.........................................................................................
Japan...............................................................................................
Korea, Republic o f.......................................................................
O th e r...............................................................................................
69,960
6 ,224
57,735
1,303
4,698
74,947
6,565
61,099
2,094
5,188
77,155
8,121
6 2,168
1,993
4,873
82,082
9,315
65,032
2,342
5,394
85,694
6,995
7 0,064
2,238
6,398
93,625
7,992
75,800
2 ,785
7,047
16.8
1.5
13.8
0.3
1.1
16.3
1.4
13.3
0.5
1.1
16.2
1.7
13.1
0.4
1.0
16.0
1.8
12.7
0.5
1.1
15.6
1.3
12.7
0.4
1.2
15.2
1.3
12.3
0.5
1.1
9.3
14.3
8.2
24.5
10.1
United S t a t e s ................................................................................
(D)
5,044
5,608
7,233
7,855
8,041
(D)
1.1
1.2
1.4
1.4
1.3
2.4
D suppressed to avoid disclosure of data of individual companies,
n.a. Not available.
Survey of Current Business
August 2008
189
added (table 3). The remaining 3 percent was ac
counted for by affiliates owned by government or government-related enterprises. Of the affiliates owned by
private entities, those whose UBOs were businesses ac
counted for 88 percent of total affiliate value added,
and those whose UBOs were individuals, estates, or
trusts accounted for 9 percent.
Chart 2. Investing-Country Shares of Value
Added of U.S. Affiliates, 2006__________
P e rc e n t
B y in d u s try o f affilia te
In 2006, manufacturing continued to account for the
largest share of affiliate value added (43 percent); how
ever, the share was down slightly from 2005 (45 per
cent) and continued a downward trend that began in
the late 1990s (table 4). Wholesale trade, which in
cludes several affiliates that also have substantial sec
ondary operations in manufacturing, accounted for
the second-largest share of affiliate value added (17
percent) and was also down slightly from 2005 (from
18 percent).5Among other sectors, the share of affiliate
U.S. Bureau of Economic Analysis
driven largely by increases in transportation and ware
housing and in wholesale trade. The increase by affili
ates with UBOs in the United Kingdom Islands,
Caribbean was mainly due to increases in finance and
in support services for oil and gas extraction. The
growth in value added by Irish-owned affiliates re
flected acquisitions, including acquisitions of U.S. affil
iates from foreign investors in other UBO countries.
Value added also rose substantially for affiliates with
UBOs in Israel, Bahrain, Kuwait, and the United Arab
Emirates (included in “Other” under Middle East in
table 2), partly as a result of new investments. Value
added of affiliates with UBOs in Sweden fell 12 percent
in 2006 because of selioffs of subsidiaries by several af
filiates.
B y in d u s try o f U B O
In 2006, affiliates whose UBOs were private entities ac
counted for over 97 percent of total U.S. affiliate value
T a b le 3 . V a lu e A d d e d o f M a jo r ity -O w n e d
5. Each U.S. affiliate is classified in the industry that accounts for the larg
est portion o f its sales; however, m any large affiliates are involved in a vari
ety o f business activities. Changes in the m ix of these activities m ay result in
changes in an affiliate’s industry classification.
Data Availability
This article summarizes the preliminary statistics
from the 2006 annual survey of foreign direct invest
ment in the United States. More detailed statistics will
be posted this fall in files that can be downloaded at
no charge from BEA’s Web site at <www.bea.gov>.
Revised estimates will be released in 2009.
Detailed statistics on U.S. affiliate operations for
1977-2006 are also available on BEA’s Web site.
For more information on these products and how
to access them, see the guide to BEA information on
direct investment at <www.bea.gov>.
N o n b a n k U .S . A f f ilia t e s b y In d u s t r y o f U lt im a t e B e n e f ic ia l O w n e r , 2 0 0 2 - 2 0 0 6
Percentage of all-industries total
Millions of dollars
2002
2003
2004
2005
2006
2002
2004
2003
2005
2006
All industries........................................................................
460,609
475,062
511,474
549,569
614,685
100.0
100.0
100.0
100.0
100.0
Government and government-related entities..........................
13,626
15,755
17,356
16,437
17,332
3.0
3.3
3.4
3.0
2.8
Individuals, estates, and trusts.....................................................
39,619
42,400
45,173
50,091
56,944
8.6
8.9
c
o
C
O
9.1
9.3
Mining..................................................................................................
16,121
19,597
22,467
23,615
26,954
3.5
4.1
4.4
4.3
4.4
48.0
Manufacturing....................................................................................
252,240
248,078
260,507
276,912
294,783
54.8
52.2
50.9
50.4
W holesale and retail tr a d e ............................................................
31,483
32,433
35,418
37,176
42,245
6.8
6.8
6.9
6.8
6.9
Inform ation.........................................................................................
19,144
19,548
22,282
19,489
27,899
4.2
4.1
4.4
3.5
4.5
Depository institutions and bank holding co m panies.............
8,631
6,788
9,259
11,065
11,864
1.9
1.4
1.8
2.0
1.9
Finance (except depository institutions) and insurance........
8,712
18,489
18,718
22,123
31,929
1.9
3.9
3.7
4.0
5.2
Professional, scientific, and technical services........................
13,076
13,726
16,170
19,825
23,109
2.8
2.9
3.2
3.6
3.8
O th e r...................................................................................................
44,331
42,494
64,124
72,836
81,625
9.6
8.9
12.5
13.3
13.3
190
U.S. Affiliates of Foreign Companies
value added accounted for by affiliates in finance (ex
cept banks) and insurance increased the most, from 5
percent in 2005 to 7 percent in 2006.
Value added by manufacturing affiliates rose 8 per
cent in 2006, from $246.2 billion to $266.9 billion.
More than half of the increase was in computers and
electronic products and in chemicals. In computers
and electronic products, value added grew 26 percent,
driven largely by acquisitions. In chemicals, value
added grew 19 percent, driven largely by expanded
production by existing affiliates.
Outside of manufacturing, value added growth was
August 2008
strong in finance (except banks) and insurance (41 per
cent), real estate and rental and leasing (27 percent), and
information (16 percent). In finance (except banks) and
insurance, the increase was largely attributable to securi
ties and insurance affiliates. In real estate and rental and
leasing, the increase was mostly accounted for by affili
ates in commercial real estate. In information, the in
crease was accounted for by existing affiliates and the
reclassification of some affiliates from other industries
into information due to changes in the industry compo
sition of their sales.
E
Acknowledgments
The 2006 annual survey of foreign direct investment
in the United States was conducted under the direc
tion of Patricia E. Abaroa. Charles R. Gravitz super
vised the processing of the survey. The following staff
contributed to the processing and editing of the sur
vey reports: George M. Bogachevsky, Chester C. Braham, Polly Y Cheung, Karen M. Dennison, Constance
.
T. Deve, Lonnie Hunter, Nazre lamil, lulie A. Lampe,
Marites R. Lucero, Emelia A. Marfo-Sarbeng, Demetria A. McCormick, Gregory L. McCormick, Sreedhar
Pidathala, Makia M. Riley, Ronald L. Ross, Clarence
D. Smith, John R. Starnes, and Christopher ]. Stein.
Computer programming for data estimation and
for the generation of tables was provided by Tara L.
O’Brien, Neeta B. Kapoor, and Karen E. Poffel.
T a b le 4 . V a lu e A d d e d o f M a jo r ity -O w n e d
All
industries...........................................
2002
2003
p l o y m
e n t
In 2006, employment by affiliates rose 2.5 percent, to
5,331,000 employees, following an increase of 1.4 percent
in 2005. The increase in 2005 was the first since 2000. De
spite these increases, employment by affiliates in 2006 was
still 326,000 employees below the peak level of 5,657,000
reached in 2000. Total U.S. employment by nonbank pri
vate enterprises also rose in 2006 but at a slightly slower
pace, 1.9 percent. As a consequence, the share of U.S. pri
vate industry employment accounted for by affiliates
edged up from 4.5 percent in 2005 to 4.6 percent in 2006.
Like the level of employment, the share of U.S. employ
ment accounted for by affiliates remained below the 5.0
percent peak recorded in 2000.
By industry
As has been the case for many years, the U.S. affiliate
share of employment at the sector level in 2006 was
N o n b a n k U .S . A f f ilia t e s b y In d u s t r y o f A f f ilia t e , 2 0 0 1 - 2 0 0 6
Millions of dollars
2001
m
2004
Percentage of all-industries total
2005
2006
2001
2002
2003
2004
2005
2006
Addendum:
Percent
change in
affiliate
value added,
2006
417,122
460,609
475,062
511,474
549,569
614,685
100.0
100.0
100.0
100.0
100.0
100.0
11.8
M an u fa c tu rin g ........................................................................
F o o d ......................................................................................
Beverages and tobacco products..................................
Petroleum and coal products...........................................
C h em ic als ............................................................................
Plastics and rubber products...........................................
Nonmetallic mineral products.........................................
P '.m ary m eta ls ....................................................................
Fabricated metal products...............................................
Machinery.............................................................................
Computers and electronic products..............................
Electrical equipment, appliances, and com ponents..
Transportation equipm ent.................................................
O th e r.....................................................................................
200,506
10,832
229,245
14,303
5,678
246,159
15,037
7,425
22,161
49,753
10,687
19,188
12,986
7,017
19,845
16,082
7,874
34,251
23,854
48.1
2.6
49.8
3.1
1.2
44.8
2.7
1.4
4.0
9.1
(D)
1.9
3.2
1.9
1.2
4.3
2.5
1.0
7.0
4.7
1.9
3.5
2.4
1.3
3.6
2.9
1.4
6.2
4.3
43.4
2.5
1.4
3.7
9.6
1.7
3.5
2.0
1.1
2.2
3.3
2.2
6.1
4.1
8.4
2.9
15.2
1.5
18.5
- 0 .9
13.3
- 5 .7
0.5
-3 1 .1
25.6
72.3
9.4
(D)
46.4
2.0
1.5
3.9
10.0
2.0
3.1
0.8
1.6
4.1
4.0
1.1
7.3
5.0
44.4
2.5
1.2
4.2
8.9
(D)
226,992
12,897
6,287
21,397
45,290
9,596
16,351
9,584
5,897
21,744
12,938
5,150
35,623
24,237
266,893
15,466
8,555
2 2,483
58,953
10,586
2 1,739
12,244
7,054
13,667
(D)
220,637
9,268
7,142
18,373
47,307
9,553
14,913
4,029
7,767
19,712
18,782
5,235
34,800
23,755
W h o les ale tr a d e .....................................................................
Petroleum and petroleum products...............................
O th e r.....................................................................................
81,462
75,657
27,138
48,519
86,568
30,290
56,278
9 7,947
33,305
64,642
99,689
31,707
6 7,982
106,868
32,962
7 3,907
19.5
16.4
5.9
10.5
18.2
6.4
11.8
19.2
6.5
12.6
18.1
5.8
12.4
17.4
5.4
12.0
7.2
4.0
8.7
(D)
(D)
39,512
7,636
14,367
8,254
6,382
19,077
21,004
12,536
29,048
(D)
(D)
(D)
45,034
9,460
15,144
5,590
7,390
21,055
23,082
4,481
36,848
2 0,198
13,563
37,461
2 4,923
(D)
(D)
9.5
1.8
3.4
2.0
1.5
4.6
5.0
3.0
7.0
(D)
(D)
(D)
9.8
2.1
3.3
1.2
1.6
4.6
5.0
1.0
8.0
4.5
Retail tra d e ...............................................................................
24,800
26,486
27,843
29,362
30,862
31,822
5.9
5.8
5.9
5.7
5.6
5.2
3.1
Inform ation...............................................................................
8,247
24,297
26,049
30,326
28,814
33,360
2.0
5.3
5.5
5.9
5.2
5.4
15.8
Finance (except depository institutions) and insurance
17,305
15,216
22,961
25,280
29,053
40,914
4.1
3.3
4.8
4.9
5.3
6.7
40.8
Real estate and rental and leasing.....................................
9,502
9,647
9,928
12,192
12,582
15,955
2.3
2.1
2.1
2.4
2.3
2.6
26.8
Professional, scientific, and technical serv ic e s..............
14,923
16,426
16,694
19,075
20,186
22,531
3.6
3.6
3.5
3.7
3.7
3.7
11.6
O ther industries.......................................................................
60,377
63,634
64,383
70,298
82,224
96,342
14.5
13.8
13.6
13.7
15.0
15.7
17.2
D Suppressed to avoid disclosure of data of individual companies.
August 2008
Survey of Current Business
highest in mining (13.9 percent) (table 5).6 Affiliates
also accounted for a relatively high share of employ
ment in manufacturing (12.0 percent) and wholesale
trade (7.9 percent). In contrast, affiliates accounted for
very small shares of employment in service-oriented
industries such as educational services (0.3 percent)
and health care and social assistance (0.7 percent).
In manufacturing, the U.S. affiliate share edged up
for a second consecutive year, from 11.9 percent to
12.0 percent, as affiliate employment in manufacturing
rose in the face of a decrease in total U.S. manufactur
ing employment. The share of employment accounted
for by affiliates rose in several manufacturing indus
tries, notably nonmetallic mineral products, primary
metals, and other transportation equipment. In non
metallic mineral products, the share rose from 25.2
percent in 2005 to 26.9 percent in 2006, partially as a
6. The estimates of U.S.-affiliate em ploym ent shares are derived from data
on affiliate em ploym ent broken down by industry of sales, a basis which
approxim ates the establishm ent-based disaggregation o f the corresponding
data for all U.S. businesses. See the box “Using Em ploym ent Data to Esti
m ate Affiliate Shares of the U.S. Econom y by Industry.” Because em ploy
m ent by industry o f sales m ore precisely reflects the industrial com position
o f affiliate business activities than data by industry of affiliate, the industry
presentation in this section is m ore detailed than that presented in the sec
tion on value added by industry o f affiliate.
191
result of expansion by existing affiliates in the cement
industry. In primary metals, the share rose from 16.7
percent to 17.6 percent, because of both the expansion
of existing affiliates and the entry of new affiliates into
the iron and steel industry. In other transportation
equipment, the share rose from 9.4 percent to 10.3 per
cent, largely because of expansions by existing affiliates
in aerospace product and parts manufacturing.
Outside of manufacturing, affiliate shares of em
ployment also increased in several sectors. In whole
sale trade, the share rose from 7.3 percent to 7.9
percent because of the entry of new affiliates and the
acquisitions of U.S. companies by existing affiliates. In
transportation and warehousing, the share grew from
4.8 percent to 5.1 percent, because of expansions by
existing affiliates and the entry of several new affiliates
in the transit and ground passenger transportation in
dustries. In accommodation and food services, the
share rose from 2.8 percent to 3.2 percent as a result of
acquisitions by existing affiliates in food services. In
professional, scientific and technical services, the
share rose from 3.7 percent to 3.8 percent, continuing
a several years long trend. The largest increases in this
industry were among affiliates in computer system de
sign and related services.
Using Employment Data to Estimate Affiliate Shares of the U.S. Economy by Industry
The data on employment are used to estimate affiliate
shares of the U.S. economy by industry on the basis of the
North American Industry Classification System (NAICS)
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, using the data on affiliate employment, the affiliate
shares of the US. economy can be calculated at a greater
level of industry detail than is possible using the valueadded 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 com pute the affiliate shares
of em ploym ent by NAICS industry are from the national incom e and
product accounts (see table 5, footnote 1).
2. Establishment-level data from a joint project o f BEA and the C en
sus Bureau can be used to calculate affiliate shares at an even greater
level o f detail. For affiliate shares based on establishm ent data for six
digit m anufacturing and five-digit nonm anufacturing NAICS indus
tries for 2002, see Foreign Direct Investment in the United States: Estab
lishment Data for 2002. Similar data on a NAICS basis are available for
1997, and data on a Standard Industrial Classification basis are available
for 1987 an d 1992. Data for m anufacturing industries only are available
for 1988-91. These publications and S urvey articles that analyze these
data are available on the BEA’s Web site at <www.bea.gov>, under
“O perations o f M ultinational C om panies” and then under “Product
Guide for Foreign Direct Investm ent in the United States.”
In the classification by industry of sales, the data on
affiliate employment and sales are distributed among all
of the industries in which the affiliate reports sales. As a
result, employment classified by industry of sales should
approximate that classified by industry of establishment
(or plant), because an affiliate that has an establishment
in an industry usually also has sales in that industry.3
In contrast, in the classification by industry of affiliate,
all of the operations data (including the employment
data) for an affiliate are assigned to that affiliate’s “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. An exception is the case where one establishm ent o f an affiliate p ro
vides all o f its o u tput to another establishm ent o f that affiliate. For
example, if an affiliate operates both a m etal m ine and a m etal-m anufacturing plant and if the entire o u tput of the m ine is used by the m an
ufacturing plant, all of the affiliate’s sales would be in metal
m anufacturing, and none, in metal m ining. Thus, when the affiliate’s
em ploym ent is distributed by industry o f sales, all o f it would be classi
fied in m anufacturing, even though some o f the employees w ork in an
establishm ent in m ining.
4. An affiliate’s prim ary industry is based on a breakdow n o f the affil
iates sales by BEA’s NAICS-based International Surveys Industry classi
fication.
192
U.S. Affiliates of Foreign Companies
August 2008
filiates in 2006 were Connecticut and South Carolina.
In both states the share was 7.1 percent (table 6). Other
states with a relatively high affiliate shares of employ
ment include Delaware, New Hampshire, and New Jer
sey; each state had a 6.6 percent share. Among regions,
New England’s 6.0 percent share was the highest.
In Connecticut and South Carolina, about four-fifths
of affiliate employment was accounted for by Europeanowned affiliates. Affiliates with UBOs in the Nether
lands accounted for the largest share of affiliate employ
ment in Connecticut. German-owned affiliates
accounted for the largest share in South Carolina. Man
ufacturing employees accounted for about one-half of
In mining, the affiliate share of employment fell
from 15.0 percent to 13.9 percent, continuing a down
ward trend. In 2005 and 2006, affiliate employment in
mining increased; however, total U.S. employment in
this industry rose at an even faster pace. The share of
employment accounted for by U.S. affiliates also fell in
utilities and in administration, support, and waste
management, in both cases largely because of selloffs
by affiliates of subsidiary units.
By state
The states with the largest shares of private industry
employment accounted for by majority-owned U.S. af
T a b le 5 . E m p lo y m e n t b y M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y In d u s t r y o f S a le s , 2 0 0 1 - 2 0 0 6
Thousands of employees
Percentage of total U.S. employment in nonbank private in dustries1
2001
2002
2003
2004
2005
2006
All in d u s tr ie s 2 ................................................................
5,594.3
5,425.4
5,244.4
5,131.5
5,201.6
5,330.5
4.9
4.9
4.7
4.5
4.5
4.6
Agriculture, forestry, fishing, and hun ting..................................
Mining, excluding oil and gas extraction.....................................
Utilities.................................................................................................
Construction.....
.....................................................
12.1
60.4
19.7
79.8
10.3
79.8
31.6
81.5
8.9
62.2
33.7
82.2
8.7
61.7
32.1
69.5
9.2
65.5
35.1
78.6
7.7
67.1
27.3
67.4
0.8
14.6
3.3
1.1
0.7
20.6
5.3
1.2
0.6
16.2
5.9
1.2
0.6
15.3
5.7
1.0
0.6
15.0
6.3
1.0
0.5
13.9
5.0
0.9
M a n u fa c tu r in g 3
Food and beverage and tobacco products...........................
Textile mills and textile product mills.......................................
Apparel and leather and allied products................................
W ood products.............................................................................
P ap er........................................
Printing and related support activities....................................
Petroleum and coal products4 .................................................
C h em ic als...............................
Plastics and rubber products....................................................
Nonmetallic mineral products...................................................
Primary m etals......................
Fabricated metal products..,
M achinery.......................................................................................
Computers and electronic products.......................................
Electrical equipment, appliances, and com ponents...........
Motor vehicles, bodies and trailers, and parts.....................
Other transportation eq u ip m ent..............................................
Furniture and related products.................................................
Miscellaneous manufacturing...................................................
1,956.7
M
J
J
19.9
K
53.8
22.8
247.7
126.1
122.4
78.4
112.5
184.1
240.6
103.7
275.9
48.1
15.1
80.3
1,844.1
135.9
18.3
7.0
17.9
41.7
50.6
21.7
264.9
121.6
117.2
61.8
103.4
172.0
198.1
101.0
268.5
47.2
11.5
83.9
1,769.4
156.8
15.3
5.5
12.0
46.0
54.4
37.2
254.1
118.4
119.7
56.0
90.0
161.1
154.1
83.6
277.7
45.0
11.2
71.4
1,703.0
140.3
15.7
5.4
13.1
46.0
45.0
33.5
249.2
111.6
117.4
63.5
85.3
149.0
148.9
81.0
273.2
48.2
11.3
65.5
1,723.6
133.2
14.9
5.5
9.7
40.6
43.0
32.2
219.4
112.0
128.0
77.4
88.8
147.3
155.2
92.5
277.6
63.1
13.5
69.7
1,727.1
133.4
13.8
6.8
10.5
35.0
36.7
33.0
221.2
110.4
138.5
81.7
85.6
145.6
151.6
88.3
278.3
71.6
12.9
72.3
11.7
6.9
9.3
25.8
14.1
22.4
13.7
6.7
13.4
13.7
18.7
22.8
6.7
2.3
10.9
11.9
7.7
3.7
1.7
3.1
7.7
7.0
9.0
28.6
14.3
22.5
12.2
6.7
14.0
13.2
20.3
23.3
7.0
1.9
11.8
12.0
9.1
3.4
1.5
2.2
8.9
7.8
15.7
28.0
14.5
23.9
11.8
6.1
14.0
11.4
18.2
24.9
6.9
1.9
10.4
11.7
8.2
3.8
1.6
2.3
9.3
6.6
14.3
28.1
13.8
23.4
13.6
5.7
13.0
11.3
18.2
24.5
7.4
2.0
9.7
11.9
7.9
3.8
1.8
1.7
8.4
6.5
13.5
25.1
14.0
25.2
16.7
5.8
12.6
11.8
21.2
25.2
9.4
2.4
10.4
12.0
7.9
3.9
2.3
1.8
7.4
5.7
13.3
2 5.6
13.9
26.9
17.6
5.5
12.3
11.6
20.3
26.1
10.3
2.3
10.8
W holesale tra d e ...............................................................................
Retail tra d e .........................................................................................
Transportation and w arehousing..................................................
Inform ation.........................................................................................
440.3
643.1
228.7
196.1
438.6
605.4
247.3
206.4
411.1
576.1
199.3
215.0
430.0
597.2
193.2
196.3
428.9
566.6
209.5
195.7
469.5
552.1
227.3
193.1
7.6
4.1
5.2
5.4
7.7
3.9
5.8
6.1
7.2
3.7
4.7
6.7
7.5
3.8
4.5
6.3
7.3
3.6
4.8
6.4
7.9
3.5
5.1
6.3
F inance (except d e pository in stitu tio n s) a n d in su ran ce.
Finance, except depository institutions.................................
Insurance carriers and related activities................................
274.0
142.6
131.4
230.7
100.9
129.8
227.0
109.4
117.6
185.2
85.7
99.5
188.2
88.9
99.2
202.3
97.0
105.2
6.6
7.7
5.8
5.6
5.4
5.7
5.4
5.7
5.1
4.4
4.4
4.3
4.4
4.4
4.3
4.6
4.7
4.5
Real estate and rental and leasing..............................................
Professional, scientific, and technical s e rvices........................
Management of nonbank companies and enterprises...........
Administration, support, and waste m anagem ent...................
42.9
225.4
2.2
546.7
38.8
215.7
3.1
547.9
37.6
233.7
3.0
508.8
48.3
247.9
2.2
474.7
44.6
275.4
1.5
478.9
41.4
299.8
1.8
460.3
2.0
3.1
0.1
7.0
1.8
3.0
0.2
7.2
1.8
3.3
0.2
6.8
2.2
3.4
0.1
6.1
2.0
3.7
0.1
5.9
1.9
3.8
0.1
5.5
Educational se rvices.......................................................................
Health care and social assistance...............................................
Arts, entertainment, and recreation.............................................
Accommodation and food s e rvices.............................................
Other services, except government.............................................
7.6
L
36.0
324.8
K
5.0
103.5
33.6
326.1
27.8
5.9
77.6
33.9
333.3
53.9
6.9
79.4
33.0
317.9
69.3
5.9
101.6
15.9
311.2
75.6
8.1
105.9
18.4
363.9
85.0
0.3
0.2
0.7
1.8
3.2
0.4
0.2
0.5
1.8
3.2
0.8
0.2
0.5
1.7
2.9
1.0
0.2
0.7
0.8
2.8
1.1
0.3
0.7
0.9
3.2
1.2
Auxiliaries...........................................................................................
326.6
313.6
3 31.4
328.7
360.3
375.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Unspecified5 .....................................................................................
28.3
34.6
40.4
46.5
29.8
29.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
D Suppressed to avoid disclosure of data of individual companies.
n.a. Not applicable
1. The data on U.S. employment in private industries that were used in calculating these percentages are
classified by industry of establishment. They are from table 6.4D of the “National Income and Product Account
(NIPA) Tables.” 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, include employment in depository
institutions. In addition, the estimates for table 6, unlike those used for this table, exclude U.S. residents tempo
rarily 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. Data needed to make this adjustment are
not available for individual industries.
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
2001
2002
(D)
(D)
(D)
3.4
(D)
(D)
1.9
3.2
(D)
2003
2004
2005
2006
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 manufacturing shown in this table. In
addition, the total for manufacturing in this table includes oil and gas extraction, which is excluded from the total
in table 7.
4. For both U.S. affiliates and all U.S. businesses, includes oil and gas extraction. (See note below.)
5. This line includes employment for which U.S. affiliates did not specify an 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 in 2001 and greater than $125 million in 2002-2006) had to specify only their
10 largest sales categories, and affiliates that filed the short form had to specify only their 4 largest sales cate
gories.
N o te s. 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
gas extraction without refining” industry and employees of all U.S. businesses in oil and gas extraction
are also included in petroleum and coal products manufacturing rather than in mining.
The following ranges are given in employment cells that are suppressed: 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.
ad
n
August 2008
Survey of Current Business
the employment by affiliates in South Carolina but ac
counted for only about one-fourth of the employment
by affiliates in Connecticut (table 7).
About four-fifths of the states recorded gains in em
ployment by affiliates in 2006, notably Florida, Illinois,
and New Jersey. In Florida, affiliate employment rose by
17,300, or 8 percent, mainly as a result of acquisitions by
existing U.S. affiliates in cement manufacturing and
wholesale trade. In New Jersey, employment rose by
193
16,100, or 8 percent, largely as a result of acquisitions by
affiliates in manufacturing and finance. In Illinois, em
ployment rose by 14,500, or 6 percent, mainly as a result
of acquisitions made by existing affiliates in manufac
turing.
Employment by affiliates declined in a few states.
The largest declines were in Oregon and Rhode Island.
In Oregon, employment by affiliates fell 6,700, or 13
percent, largely as a result of cutbacks in employment
T a b le 6 . E m p lo y m e n t b y M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y S t a t e , 2 0 0 1 - 2 0 0 6
Thousands of employees
2001
2002
2004
2003
Percentage of total private industry employment in the state or a r e a 1
2005
2006
2002
2001
2004
2003
2006
2005
T o ta l2..........................................................
5,594.3
5,425.4
5,244.4
5,131.5
5,201.6
5,330.5
4.9
4.8
4.7
4.5
4.5
4.5
New E n g la n d ..............................................................
Connecticut................................................................
M a in e ..........................................................................
M assachusetts..........................................................
New Hampshire.........................................................
Rhode Island.............................................................
Verm ont.......................................................................
435.3
117.4
32.8
209.9
41.0
23.5
10.7
419.2
111.0
31.7
196.9
41.1
27.5
11.1
401.4
105.5
29.4
188.4
41.7
26.1
10.3
390.5
102.1
28.4
182.0
40.8
26.3
11.0
363.5
102.0
24.4
167.2
35.7
24.3
9.9
368.8
104.9
24.4
173.0
37.1
19.5
9.8
7.0
7.9
6.4
7.0
7.4
5.6
4.1
6.8
7.6
6.2
6.7
7.5
6.5
4.3
6.6
7.3
5.7
6.5
7.7
6.1
4.0
6.4
7.0
5.5
6.3
7.4
6.1
4.2
5.9
7.0
4.7
5.8
6.4
5.6
3.8
6.0
7.1
4.7
5.9
6.6
4.5
3.7
M ide a s t.........................................................................
D elaw are....................................................................
District of C olum bia.................................................
M arylan d .....................................................................
New Jersey.................................................................
New York....................................................................
Pennsylvania.............................................................
1,042.2
24.4
17.7
106.4
239.4
415.5
238.7
996.1
22.4
17.4
105.4
228.3
386.8
235.8
988.1
28.1
15.8
102.9
224.0
384.2
233.1
968.7
27.5
15.1
100.6
218.4
380.5
226.5
993.1
25.4
16.9
105.2
214.4
388.6
242.6
1,015.5
25.2
17.3
104.1
230.5
389.3
249.0
5.6
6.6
3.9
5.1
6.9
5.7
4.7
5.4
6.1
3.8
5.1
6.7
5.4
4.7
5.4
7.7
3.5
5.0
6.6
5.4
4.7
5.2
7.3
3.3
4.8
6.4
5.3
4.5
5.3
6.7
3.6
4.9
6.2
5.4
4.8
5.4
6.6
3.6
4.8
6.6
5.3
4.8
G reat L ak e s.................................................................
Illinois..........................................................................
In d ia n a ........................................................................
M ichigan......................................................................
Ohio..............................................................................
Wisconsin...................................................................
941.0
274.2
142.0
204.7
220.8
99.3
920.3
262.9
133.2
202.9
214.2
107.1
895.5
252.5
134.7
204.6
208.0
95.6
864.2
232.4
133.7
2 02.4
207.8
87.9
871.5
228.6
143.1
202.4
211.3
86.2
886.9
243.1
148.0
195.5
213.3
87.2
4.9
5.2
5.5
5.2
4.5
4.1
4.9
5.1
5.2
5.2
4.5
4.4
4.8
4.9
5.3
5.4
4.4
4.0
4.6
4.5
5.2
5.3
4.4
3.6
4.7
4.4
5.5
5.3
4.5
3.5
4.7
4.7
5.7
5.2
4.5
3.5
P la in s ............................................................................
Iowa..............................................................................
Kansas........................................................................
Minnesota...................................................................
Missouri.......................................................................
N ebraska.....................................................................
North D akota.............................................................
South D a k o ta ............................................................
300.1
38.8
36.0
87.8
102.7
20.1
8.2
6.6
284.8
36.6
34.9
88.1
91.5
18.7
7.4
7.6
276.1
38.7
31.4
85.5
87.2
19.0
7.8
6.5
270.2
37.4
31.9
85.2
84.0
19.8
6.3
5.6
282.2
39.5
41.9
84.8
82.7
18.0
7.2
8.0
292.6
40.2
46.5
86.5
85.7
18.7
8.3
6.7
3.8
3.1
3.2
3.7
4.4
2.6
3.1
2.1
3.4
3.0
3.1
3.8
3.9
2.4
3.3
3.1
2.9
3.7
3.8
2.5
2.9
2.1
3.2
3.0
2.9
3.6
3.6
2.6
2.3
1.8
3.3
3.1
3.7
3.6
3.5
2.3
2.6
2.5
3.4
3.1
4.1
3.6
3.6
2.4
2.9
2.0
S o u th e a s t....................................................................
A lab am a......................................................................
A rkansas.....................................................................
Florida.........................................................................
G e o rg ia .......................................................................
Kentucky......................................................................
Louisiana.....................................................................
Mississippi..................................................................
North Carolina...........................................................
South C aro lin a..........................................................
Tennessee..................................................................
Virginia........................................................................
West Virginia.............................................................
1,393.8
75.5
35.8
257.7
195.0
90.9
51.1
21.5
223.0
129.1
134.2
154.5
25.7
1,361.3
75.1
35.7
252.1
191.2
88.4
50.5
25.8
214.8
133.0
130.1
141.9
22.7
1,314.5
72.6
32.2
247.8
183.9
87.9
49.2
21.7
203.8
126.8
128.5
138.9
21.4
1,284.7
72.4
31.5
237.6
177.5
86.1
50.4
25.4
199.2
121.9
129.5
134.8
18.4
1,278.7
69.6
33.8
230.7
167.7
86.7
53.3
25.4
200.1
110.6
134.2
145.7
20.9
1,329.8
73.6
33.7
248.0
173.6
91.0
49.7
25.7
209.4
114.3
140.3
150.8
19.9
5.1
4.7
3.6
4.0
5.7
6.0
3.2
2.3
6.7
8.4
5.7
5.3
4.4
5.1
4.8
3.6
3.9
5.7
5.9
3.2
2.8
6.6
8.7
5.6
4.9
3.9
4.9
4.6
3.3
3.8
5.6
5.9
3.1
2.4
6.3
8.3
5.5
4.8
3.8
4.7
4.5
3.2
3.6
5.3
5.7
3.2
2.8
6.1
7.9
5.5
4.5
3.2
4.6
4.3
3.4
3.3
4.9
5.6
3.4
2.8
6.0
7.0
5.6
4.8
3.6
4.6
4.4
3.3
3.5
4.9
5.8
3.2
2.7
6.1
7.1
5.7
4.9
3.4
S o u th w e s t...................................................................
Arizona........................................................................
New Mexico................................................................
Oklahom a...................................................................
Texas............................................................................
484.7
57.0
13.5
40.0
374.2
457.0
57.5
12.8
33.9
352.8
444.4
58.0
11.6
34.5
340.3
448.0
64.2
12.7
32.9
338.2
476.7
68.5
13.3
36.0
358.9
489.4
71.1
14.2
35.9
368.2
4.1
2.9
2.3
3.3
4.6
3.9
3.0
2.2
2.8
4.4
3.8
3.0
2.0
2.9
4.3
3.8
3.1
2.1
2.8
4.2
3.9
3.2
2.1
3.0
4.3
3.8
3.1
2.2
2.9
4.3
Rocky M o u n t a in .......................................................
Colorado......................................................................
Id a h o ............................................................................
M o n tan a......................................................................
Utah..............................................................................
W yom ing.....................................................................
136.2
81.3
11.3
5.7
30.4
7.5
136.8
77.7
12.5
5.9
32.3
8.5
131.8
72.3
11.6
5.5
34.0
8.4
131.1
71.7
13.2
6.5
30.6
9.0
134.4
73.8
13.0
6.5
32.1
9.0
138.3
75.9
13.0
6.8
34.6
8.0
3.5
4.2
2.3
1.8
3.3
4.0
3.6
4.1
2.6
1.8
3.5
4.5
3.5
3.9
2.4
1.9
3.7
4.4
3.4
3.8
2.7
1.9
3.3
4.6
3.4
3.8
2.5
1.9
3.3
4.4
3.3
3.8
2.4
1.9
3.3
3.7
Far W e s t ......................................................................
A la s k a .........................................................................
California....................................................................
H a w a ii.........................................................................
Nevada........................................................................
O reg o n ........................................................................
W ashington................................................................
832.4
10.5
615.2
38.9
28,2
51.5
88.1
823.1
12.6
612.6
36.7
25.8
50.9
84.5
762.7
11.7
558.0
35.2
26.1
47.9
83.7
744.9
12.2
541.8
31.1
26.7
47.1
85.9
772.4
12.0
565.2
28.6
31.9
50.7
84.1
781.2
12.2
572.5
28.5
35.9
44.0
88.2
4.6
4.8
4.8
8.5
3.0
3.8
3.8
4.6
5.7
4.9
8.1
2.7
3.8
3.8
4.3
5.2
4.4
7.6
2.7
3.5
3.7
4.1
5.3
4.3
6.5
2.6
3.4
3.8
4.2
5.1
4.4
5.7
2.9
3.5
3.6
4.1
5.1
4.3
5.6
3.1
3.0
3.6
2.8
2.4
Puerto R ic o .....................................................................
16.4
16.6
16.6
16.6
16.6
16.8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Other U.S. a re a s 3 .........................................................
11.9
9.9
12.9
10.5
10.7
9.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Foreign4...........................................................................
0.4
0.3
0.4
2.2
1.6
1.3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
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 tables 1 and 5, which are from tables 6.4D of the “National Income and Product
Accounts (NIPA) Tables.” They differ from the NIPA estimates of employment because they include depository
institutions, and, by definition, they exclude U.S. residents temporarily employed abroad by U.S. businesses.
They also may differ from the NIPA estimates because of different definitions and revision schedules.
2. For consistency with the coverage of the private-industry employment data, U.S.-affiliate employment in
Puerto Rico, in “other U.S. areas,” and in “foreign” was excluded from the U.S.-affiliate employment total when
the percentage shares on this line were computed.
3. Consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S. areas.
4. Consists of employees of U.S. affiliates working abroad.
U.S. Affiliates of Foreign Companies
194
by manufacturing affiliates and the selloff of subsidiar
ies by affiliates in utilities. In Rhode Island, employ
ment by affiliates fell 4,700, or 19 percent, due to the
selloff of subsidiaries by affiliates.
In manufacturing, affiliate shares of employment
were highest in the District of Columbia (33.4 per
cent), South Carolina (21.8 percent), and New Hamp
August 2008
shire (21.7 percent) (table 7). The high affiliate share
in the District of Columbia reflects the District’s lack
of total manufacturing.7 In South Carolina, most
7. Em ploym ent data from the BEA’s Regional Economics Inform ation
System indicate that there were only 1,800 m anufacturing employees in the
D istrict of C olum bia in 2006; about half o f these employees were in the
printing and food m anufacturing industries.
T a b le 7 . M a n u f a c t u r in g E m p lo y m e n t b y M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y S t a t e , 2 0 0 1 - 2 0 0 6
Percentage of total manufacturing employment in the state or a r e a 1
Thousands of employees
2002
2001
2003
2004
2005
2006
2002
2001
2004
2003
2005
2006
T o ta l2..........................................................
1,934.9
1,811.9
1,667.4
1,552.4
1,565.5
1,579.9
11.6
11.8
11.3
10.7
10.9
11.0
New E n g la n d ...............................................................
C onnecticut................................................................
M ain e............................................................................
M assachusetts..........................................................
New H am pshire.........................................................
Rhode Islan d ..............................................................
V erm ont.......................................................................
125.6
35.7
11.4
51.2
18.2
5.2
3.9
105.7
29.4
9.6
42.5
17.6
4.1
2.5
99.8
28.8
7.3
40.2
18.2
3.4
1.9
89.2
6.4
7.5
32.9
17.0
3.5
1.9
87.8
25.4
6.7
32.3
16.6
4.0
2.8
88.3
26.3
6.6
33.0
17.1
3.0
2.4
13.8
15.7
15.1
13.1
18.6
7.6
8.5
12.8
13.8
13.9
12.1
20.6
6.5
6.2
13.0
14.3
11.3
12.3
22.5
5.8
5.0
11.9
13.3
11.8
10.5
21.1
6.1
5.0
11.9
12.9
10.8
10.5
20.6
7.2
7.6
12.2
13.5
10.8
10.9
2 1.7
5.6
6.5
M id e a s t.........................................................................
D elaw a re .....................................................................
District of C olum bia..................................................
M ary la n d .....................................................................
N ew Jersey.................................................................
New Y o rk.....................................................................
P ennsylvania..............................................................
261.3
9.4
0.4
20.1
64.9
74.7
91.9
248.6
8.1
0.7
16.2
67.2
67.2
89.3
229.8
9.9
0.4
15.5
56.5
59.9
87.5
204.7
6.8
0.6
14.1
51.5
53.0
78.6
200.9
5.9
0.5
16.9
47.9
52.2
77.4
205.9
5.2
0.6
18.4
50.4
53.5
77.8
12.1
23.7
11.0
11.8
16.1
10.5
11.1
(D)
21.9
(D)
10.2
18.2
10.2
11.7
12.3
27.8
13.8
10.5
16.1
9.7
12.3
11.3
19.6
24.2
9.8
15.2
8.8
11.4
11.3
17.5
24.5
12.0
14.5
8.9
11.4
11.8
15.6
33.4
13.4
15.4
9.3
11.5
G reat L a k e s .................................................................
Illinois...........................................................................
Indiana.........................................................................
Michigan......................................................................
O h io ..............................................................................
Wisconsin....................................................................
455.8
97.4
96.0
102.2
111.4
48.7
433.7
88.8
87.1
93.6
109.2
55.0
396.7
79.8
82.2
89.3
99.0
46.4
364.3
67.1
80.8
81.6
95.8
38.9
355.2
62.3
85.6
79.0
90.0
38.4
358.7
67.0
86.7
76.3
91.7
37.1
12.0
11.9
15.5
12.3
11.6
8.7
12.3
11.7
14.7
12.3
12.3
10.4
11.7
11.1
14.3
12.3
11.7
9.1
11.0
9.6
14.1
11.6
11.6
7.7
10.8
9.0
14.9
11.6
11.0
7.5
11.1
9.7
15.3
11.6
11.5
7.2
P la in s ............................................................................
Iow a..............................................................................
K a n s a s ........................................................................
Minnesota...................................................................
Missouri.......................................................................
N ebraska.....................................................................
North D ako ta..............................................................
South Dakota..............................................................
135.8
22.1
14.0
31.2
51.8
8.2
4.5
4.0
120.4
20.2
15.1
26.2
42.4
7.8
4.0
4.7
112.9
21.1
13.7
22.4
39.8
8.9
3.7
3.2
108.0
18.6
13.2
23.8
38.7
8.0
2.5
3.3
114.3
17.9
19.6
25.9
36.8
7.8
2.3
4.0
115.3
17.4
23.2
24.6
35.8
8.7
2.8
2.8
10.1
9.1
7.1
8.2
15.1
7.4
18.4
9.2
9.5
7.8
6.4
12.7
8.7
15.7
8.5
8.8
8.3
7.4
6.9
12.3
7.8
10.1
8.4
9.2
7.7
10.8
7.4
11.8
7.7
8.7
9.6
9.5
8.8
8.3
7.3
13.0
7.3
16.5
12.1
10.0
9.3
7.5
12.6
7.1
11.6
8.5
10.8
6.6
S o u th e a s t....................................................................
A lab am a......................................................................
Arkansas .....................................................................
Flo rid a.........................................................................
Georgia........................................................................
Kentucky......................................................................
Louisiana.....................................................................
Mississippi..................................................................
North C arolina...........................................................
South Carolina...........................................................
Tennessee ..................................................................
Virginia ........................................................................
West V irg in ia.............................................................
543.9
36.7
22.8
46.0
70.4
55.8
19.5
9.9
96.6
65.9
70.0
38.2
12.1
533.7
37.0
20.3
41.5
68.8
53.9
16.9
12.7
93.4
70.8
67.6
37.9
12.9
490.6
34.4
19.1
35.2
65.3
51.1
15.8
9.4
82.2
63.9
67.6
35.8
10.7
469.0
32.6
17.7
36.1
58.6
47.7
15.6
12.8
78.1
58.1
67.3
35.8
8.5
482.8
41.2
20.0
34.7
56.8
45.7
18.2
12.6
78.8
54.7
71.7
37.7
10.8
476.3
42.1
18.9
38.6
52.7
48.4
14.7
11.7
77.2
55.8
71.7
35.2
9.3
13.3
11.1
10.0
10.5
13.8
18.9
11.2
4.9
13.6
20.8
15.3
11.0
16.6
14.0
11.9
9.4
10.1
14.4
19.4
10.4
6.7
14.4
24.2
15.7
11.7
18.6
13.5
11.6
9.2
8.9
14.3
19.1
10.1
5.2
13.5
22.6
16.2
11.6
16.4
13.1
11.1
8.6
9.1
12.9
18.0
10.2
7.1
13.3
21.6
16.2
11.9
13.4
13.5
13.7
9.8
8.6
12.5
17.3
11.9
7.0
13.7
20.9
17.4
12.7
17.2
13.5
13.8
9.4
9.5
11.6
18.4
9.6
6.6
13.8
21.8
17.8
12.1
15.1
S o u th w e s t...................................................................
A rizo n a........................................................................
New M exico................................................................
O klahom a...................................................................
Texas ............................................................................
160.8
15.1
2.7
15.5
127.5
136.9
13.0
1.8
14.5
107.6
125.0
13.7
1.3
12.2
97.7
114.8
13.8
1.7
11.2
88.0
119.6
13.2
1.3
14.5
90.6
118.5
13.0
1.2
11.8
92.5
11.1
7.5
6.6
9.1
12.3
10.3
7.0
4.7
9.5
11.3
9.9
7.7
3.6
8.5
10.8
9.2
7.7
4.9
7.8
9.8
9.4
7.2
3.6
10.0
10.0
9.0
6.9
3.2
7.9
9.9
Rocky M o u n ta in .........................................................
Colorado......................................................................
Id a h o ............................................................................
M o n ta n a ......................................................................
U tah ..............................................................................
Wyoming......................................................................
35.9
19.0
3.8
2.1
10.0
0.9
36.7
19.9
3.7
2.0
9.7
1.4
29.8
15.5
3.2
0.6
9.4
1.1
29.5
14.7
4.5
0.6
7.9
30.6
14.5
3.7
1.2
9.7
1.6
8.8
10.4
5.5
9.9
8.2
9.2
(D)
11.9
5.7
9.7
8.5
1.8
28.2
15.1
3.5
1.1
6.9
1.7
(D
)
8.4
10.0
5.1
5.5
8.2
11.9
8.1
9.6
7.2
3.0
6.8
18.9
7.7
10.0
5.4
5.4
5.7
17.4
8.3
9.6
5.6
5.6
7.9
15.7
Far W e st........................................................................
Alaska...........................................................................
California.....................................................................
Haw aii...........................................................................
N e v a d a ........................................................................
O re g o n ........................................................................
Washington.................................................................
206.7
1.7
161.3
0.9
4.8
15.6
22.3
187.2
2.1
146.2
1.0
4.7
12.7
171.4
1.9
133.5
0.6
4.0
11.1
20.5
20.3
161.3
2.0
123.4
0.8
4.3
10.9
19.9
165.2
1.9
125.4
0.5
4.5
11.8
21.0
175.6
2.4
133.7
1.1
5.5
11.6
21.4
8.6
13.6
9.0
5.5
10.9
7.2
7.0
8.5
18.6
8.9
6.4
10.9
6.2
7.1
8.2
15.9
8.6
4.3
8.9
5.6
7.6
7.8
16.4
8.0
5.0
9.2
5.4
7.5
8.0
15.4
8.3
3.5
9.3
5.7
7.7
8.4
17.7
8.9
7.4
10.8
5.5
7.4
Puerto Rico......................................................................
8.1
8.5
8.5
7.8
7.9
7.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Other U.S. a re a s 3..........................................................
1.0
0.5
2.8
H
H
G
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Foreign4 ...........................................................................
0.0
(*)
0.3
F
F
A
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
D Suppressed to avoid disclosure of data of individual companies.
* More than zero and fewer than 50 employees,
n.a. Not available
1. The data on employment in manufacturing used to calculate the shares shown in this table are from BEA’s
Regional Economic Information System. The U.S. manufacturing employment totals used to calculate shares in
this table differ from the NIPA data for manufacturing used for table 5 (see footnote 1 to table 5).
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
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 o te . The following ranges are given in employment cells that are suppressed: A— 1 to 499; F— 500 to
999; G— 1,000 to 2,499; H -2 ,5 0 0 to 4,999; 1 -5 ,0 0 0 to 9,999; J— 10,000 to 24,999; K -2 5 ,0 0 0 to 49,999;
L— 50,000 to 99,999; M— 100,000 or more.
August 2008
Survey of Current Business
manufacturing employment was by European-owned
affiliates, especially German- and French-owned affili
ates, with Japanese-owned affiliates also contributing.
In New Hampshire, most employment was also by Eu
ropean-owned affiliates: British-owned affiliates ac
counted for the largest share.
Manufacturing employment by affiliates rose in
slightly more than half of the states. The largest increases
195
were in California and Illinois. In California, manufac
turing employment by affiliates rose 8,200, or 7 percent.
The increase was driven by the expansion of existing af
filiates in pharmaceuticals and the entry of new affiliates
in machinery manufacturing. In Illinois, manufacturing
employment rose 4,800, or 8 percent, largely as a result
of acquisitions by existing affiliates in food processing
and machinery manufacturing.
Data on Foreign Direct Investment in the United States
BEA collects three broad sets of data on foreign direct both coverage of companies and subject matter, and they
investment in the United States: (1) financial and operat are conducted every 5 years. The data cover U.S. affiliates’
ing data of U.S. affiliates, (2) data on U.S. businesses balance sheets and income statements, employment and
newly acquired or established by foreign direct investors compensation of employees, trade in goods, research and
(new investment data), and (3) international transactions development expenditures, sources of finance, and selected
(balance of payments) and direct investment position data by state. In addition, the value added of affiliates is
data. This article presents the financial and operating estimated from data reported in these surveys.
data. The new investment data were published in “For
Except in benchmark survey years, these data, unlike
eign Direct Investment in the United States: New Invest the new investment data, cover only nonbank affiliates.2
ment in 2007” in the June 2008 issue of the S u rv e y o f The financial and operating data for affiliates are on a fis
C u r r e n t B u sin e ss. The international transactions and
cal year basis. They cover the entire operations of the U.S.
direct investment position data were published in the affiliate regardless of the percentage of foreign owner
articles “The International Investment Position of the ship.
United States at Yearend 2007,” “U.S. International
New investment data. The data on outlays by foreign
Transactions: First Quarter of 2008,” and “Direct Invest direct investors to acquire or establish affiliates in the
ment Positions for 2007: Country and Industry Detail” in United States are collected on a calendar year basis in
the luly 2008 S u rv e y .
BEA’s annual survey of new foreign direct investment.
Each of the three data sets focuses on a distinct aspect In addition, the surveys of new investment collect
of foreign direct investment. The financial and operat selected data on the operations of the newly acquired or
ing data provide a picture of the overall activities of the established affiliates. For newly acquired affiliates, these
U.S. affiliates; the new investment data provide infor data are for (or as of the end of) the most recent fiscal
mation about U.S. businesses that are newly acquired or year preceding the acquisition, and for newly estab
established by foreign direct investors, regardless of lished businesses, they are projected for (or as of the
whether the invested funds were raised in the United end of) the first year of operation. The data cover the
States or abroad; and the international transactions and entire operations of the business irrespective of the per
direct investment position data cover foreign investors’ centage of foreign ownership.
transactions with, and positions in, both new and exist
International transactions and direct investment
ing U.S. affiliates.1
position data. These data are collected in the quarterly
Financial and operating data of U.S. affiliates. The data surveys of foreign direct investment. The data cover the
on the overall operations of U.S. affiliates are collected in U.S. affiliate’s transactions and positions with its foreign
BEA’s annual and benchmark surveys of foreign direct parent and with other members of its foreign parent
investment. Benchmark surveys are BEA’s most compre group, so these data focus on the foreign parent’s share,
hensive surveys of foreign direct investment in terms of or interest, in the affiliate rather than on the affiliate’s
overall size or level of operations. The major items
1. For a m ore detailed discussion of the differences between these included in the U.S. international transactions (balance
three sets o f data, see Alicia M. Q uijano, “A Guide to BEA Statistics on
of payments) accounts are direct investment financial
Foreign D irect Investm ent in the U nited States,” S u r v e y 70 (February
flows, and direct investment income.
1990): 29-37; <w w w .bea.gov/bea/m p_international.htm >.
For a com parison of the data on affiliate operations with the data on
new investm ent, see the appendix “Sources o f Data” in M ahnaz FahimNader an d W illiam J. Zeile, “Foreign Direct Investm ent in the United
States: New Investm ent in 1994 and Affiliate O perations in 1993,” S u r
v e y 75 (May 1995): 68-70; < www.bea.gov/scb/index.htm >.
2. Beginning with survey year 2008, the BEA plans to extend the cov
erage o f the annual survey to include U.S. affiliates that are banks in
order to close a gap in its data on m ultinational com panies.
U.S. Affiliates of Foreign Companies
196
T r a d e
in
G
o o d s
Majority-owned U.S. affiliates of foreign-owned com
panies continued to account for large shares of total
U.S. exports and imports of goods— 19 percent of ex
ports and 26 percent of imports in 2006 (table 8).
These shares are much larger than the affiliate shares of
either value added or employment, reflecting both the
general international orientation of foreign-owned
companies and their production and distribution ties
to their foreign parents. Much of the trade in goods by
affiliates—nearly 50 percent of exports and about 80
percent of imports—was accounted for by intrafirm
transactions between the affiliates and their foreign
parents or other member companies of their foreign
parent groups (see the box “Key Terms”). The intrafirm trade of majority-owned U.S. affiliates has gen
erally accounted for 8-10 percent of U.S. exports and
for 20-25 percent of U.S. imports.8
August 2008
Since the early 1990s, imports by U.S. affiliates have
usually been at least twice as high as their exports, and
the gap in earlier years was even larger. This trade gap
for affiliates is substantially more pronounced than the
gap between total U.S. imports and exports. The gap
for affiliates is largely accounted for by wholesale trade
affiliates, many of which were established to facilitate
importing of goods manufactured abroad by their for
eign parents. Since the late 1980s, the imports of
wholesale trade affiliates have been two to four times as
large as their exports, and these affiliates have consis
tently accounted for more than two-thirds of the total
import-export gap of U.S. affiliates.9 Most of the re
maining gap is accounted for by manufacturing affili
ates, some of which have secondary activities in
wholesale trade and some of which import parts and
components produced by their foreign parents.
Exports
8. A p o rtio n o f the rem aining trade, trade between U.S. parent com panies
and their m ajority-ow ned foreign affiliates, is also intrafirm trade.
For further inform ation and analysis on intrafirm trade see W illiam J.
Zeile, “Trade in Goods W ithin M ultinational Companies: Survey-Based
D ata an d Findings for the U nited States of America” (paper prepared for
the O rganisation for Econom ic C o-O peration and Developm ent C om m it
tee on Industry and Business E nvironm ent W orking Party on Statistics, Ses
sion on Globalisation, Paris, November 3 and 4, 2003); < www.bea.gov/
papers>.
T a b le 8 . U .S . T r a d e in G o o d s b y M a j o r i t y - O w n e d
N o n b a n k U .S . A f f ilia t e s , 1 9 8 7 - 2 0 0 6
Millions of dollars
U.S. exports of
goods shipped by
affiliates
Total
Of which:
To the
foreign
parent
group
U.S. imports of
goods shipped to
affiliates
Total
Of which:
From the
foreign
parent
group
U.S. exports of
goods shipped by
affiliates as a
percentage of
total U.S. exports
of goods
Total
Of which:
To the
foreign
parent
group
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
1 9 8 7 ........................
39,497
18,677
133,620
102,167
15.5
7.3
32.9
25.1
1 9 8 8 ........................
57,209
26,001
144,896
112,012
17.7
8.1
32.9
25.4
26.0
1 9 8 9 ........................
72,413
33,778
158,792
122,899
19.9
9.3
33.6
1 9 9 0 ........................
79,368
37,177
170,677
131,665
20.2
9.4
34.5
26.6
1 9 9 1 ........................
85,254
41,373
169,362
128,143
20.2
9.8
34.7
26.2
1 9 9 2 ........................
91,686
47,567
172,260
132,217
20.5
10.6
32.3
24.8
1 9 9 3 ........................
94,329
46,241
186,369
144,698
20.3
9.9
32.1
24.9
1 9 9 4 ........................
107,057
49,864
214,485
166,085
20.9
9.7
32.3
25.0
1 9 9 5 ........................
121,277
55,842
232,250
182,148
20.7
9.5
31.2
24.5
1 9 9 6 ........................
125,897
59,544
248,562
187,889
20.1
9.5
31.3
23.6
1 9 9 7 ........................
128,394
61,288
249,310
193,969
18.6
8.9
28.6
22.3
1 9 9 8 ........................
136,949
56,115
277,909
199,524
20.1
8.2
30.5
21.9
1 9 9 9 ........................
140,808
58,385
312,895
225,132
20.2
8.4
30.5
22.0
2 0 0 0 ........................
150,911
64,785
354,613
267,187
19.3
8.3
29.1
21.9
2001 ........................
145,525
64,442
333,855
260,633
20.0
8.8
29.3
22.8
2 0 0 2 ........................
140,510
64,572
335,021
267,291
20.3
9.3
28.8
23.0
2 0 0 3 ........................
147,643
71,188
356,756
290,492
20.4
9.8
28.4
23.1
Exports of goods by U.S. affiliates rose 12 percent in
2006, to $195.3 billion, following a 12 percent increase
in 2005. Growth in total U.S. exports of goods in 2006
was 14 percent. As a result, the share of U.S. goods ex
ports accounted for by affiliates fell slightly, from 19.2
percent in 2005 to 18.8 percent in 2006.
Most of the increase in exports by affiliates was ac
counted for by affiliates in manufacturing and whole
sale trade. Within manufacturing, there were
substantial increases in exports by affiliates in electrical
equipment and transportation equipment. There was
also a substantial increase in exports by affiliates in
mining, especially metal ore mining.
In 2006, as has been the case for several years, the
largest share of affiliate exports was accounted for by
Japanese-owned affiliates (26 percent), followed by
German-owned affiliates (22 percent) (table 9).
More than two-thirds of the increase in exports by
affiliates was accounted for by German-, Japanese-,
and Netherlands-owned affiliates. Among Germanowned affiliates, most of the increase was by affiliates
in electrical equipment and transportation equip
ment manufacturing. Among Japanese-owned affili
ates, much of the increase was in affiliates in the
various durable-goods wholesaling industries.
2 0 0 4 ........................
155,507
74,784
394,463
320,268
19.0
9.1
26.8
2005 r.......................
174,318
80,815
448,911
359,059
19.2
8.9
26.8
21.5
2006 e .....................
195,292
88,621
482,363
380,974
18.8
8.5
26.0
20.5
21.8
p Preliminary
r Revised
N o te . The data on U.S. exports and imports of goods used to compute the affiliate shares in this table are
from the U.S. Census Bureau, and are on a Census Bureau basis.
9. Although wholesale trade affiliates have consistently accounted for a
d om inant share of the affiliate im port-export gap, their shares o f b o th affil
iate exports and im ports have declined since the late 1980s. Their share o f
affiliate exports declined to 40 percent in 2006 from 66 percent in 1987, and
their share of affiliate im ports declined to 61 percent in 2006 from 78 p er
cent in 1987. One reason for this change is the reorientation o f some w hole
sale trade affiliates from im porting m anufactured goods for sale in the
U nited States to m anufacturing goods at U.S. facilities.
August 2008
Survey of Current Business
19 7
Key Terms
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.
Value added. The contribution to U.S. gross domestic
product, which is the market value of the goods and ser
vices produced by labor and property located in the
United States. Value added can be measured as gross out
put (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 valueadded estimates for U.S. affiliates were prepared by sum
ming cost and profit data collected in the annual and
benchmark surveys of foreign direct investment in the
United States. The estimates are measures of gross value
added rather than measures of net value added because
they are calculated without the deduction for the con
sumption of fixed capital used in production.
The estimates of value added of U.S. affiliates are con
ceptually consistent with BEA’s estimates of U.S. value
added by industry.
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 (if the U.S. business enterprise
is incorporated) or an equivalent interest (if the U.S. busi
ness enterprise is unincorporated). Person is broadly
defined to include any individual, corporation, branch,
partnership, associated group, association, estate, trust, or
other organization, and any government (including any cor
poration, 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 determine the person that ultimately owns or controls
T a b le 9 . U .S . T r a d e in G o o d s b y M a j o r i t y - O w n e d N o n b a n k U .S . A f f i l i a t e s b y S e l e c t e d C o u n t r y o f U l t i m a t e B e n e f i c i a l O w n e r , 2 0 0 1 - 2 0 0 6
Millions of dollars
Percentage of all-countries total
2001
2002
2003
2004
2005
2006
2002
2001
2003
2004
2005
2006
Addendum:
Percentage
change in
affiliate
exports or
imports, 2006
US e xp o rts shipped by affiliates:
A ll c o u n trie s ...................................................
145,525
140,510
147,643
155,507
174,318
195,292
100.0
100.0
100.0
100.0
100.0
100.0
12.0
C an ad a .............................................................................
F ran c e..............................................................................
G e rm a n y .........................................................................
N etherlands....................................................................
Switzerland......................................................................
8,191
9,817
29,298
6,401
10,043
30,351
5,022
5,998
6,405
9,744
32,326
5,068
4,941
6,583
9,475
31,603
9,041
5,430
8,171
11,355
37,619
11,259
6,205
9,052
12,439
42,869
14,586
6,949
5.6
6.7
20,1
4.6
7,1
21.6
3.6
4.3
4.3
6.6
21.9
3.4
3.3
4.2
6.1
20.3
5.8
3.5
4.7
6.5
21.6
6.5
3.6
4.6
6.4
22.0
7.5
3.6
10.8
9.5
14.0
29.6
12.0
United Kingdom.............................................................
Japan ...............................................................................
Korea, Republic o f.........................................................
O th e r................................................................................
15,586
40,766
14,241
38,531
4,368
25,556
13,608
41,010
5,205
29,336
14,766
42,506
7,256
28,848
17,294
43,889
7,367
31,165
16,395
49,789
8,791
34,429
10.7
28.0
(D)
25,111
(D)
17.3
10.1
27.4
3.1
18.2
9.2
27.8
3.5
19.9
9.5
27.3
4.7
18.6
9.9
25.2
4.2
17.9
8.4
25.5
4.5
17.6
-5 .2
13.4
19.3
10.5
All c o u n trie s ...................................................
333,855
335,021
356,756
394,463
448,911
482,363
100.0
100.0
100.0
100.0
100.0
100.0
7.5
C anada.............................................................................
Fran ce..............................................................................
G e rm a n y .........................................................................
Netherlands....................................................................
Switzerland......................................................................
19,070
18,634
14,608
57.386
14,817
8,438
23,012
14,489
62,062
14,893
9 ,173
26,102
13,953
61,701
18,692
10,205
26,095
19,094
61,704
30,779
13,325
19,242
18,736
6 8,306
33,440
16,575
5.7
5.6
4.4
17.1
4.4
2.5
6.5
4.1
17.4
4.2
2.6
6.6
3.5
15.6
4.7
2.6
5.8
4.3
13.7
6.9
3.0
4.0
3.9
14.2
6.9
3.4
-2 6 .3
-1 .8
10.7
8.6
24.4
21,344
127,923
19,966
51,905
25,568
133,170
22,081
52,307
27,574
141,337
28,968
65,931
31,140
150,576
31,220
84,979
34,344
159,412
34,810
97,498
6.4
38.2
6.0
15,5
7.2
37.3
6.2
14.7
7.0
35.8
7.3
16.7
6.9
33.5
7.0
18.9
7.1
33.0
7.2
20.2
10.3
5.9
11.5
14.7
(D)
5,947
(D)
4,1
US im ports shipped to affiliates:
United Kingdom.............................................................
Japan ...............................................................................
Korea, Republic o f.........................................................
O th e r................................................................................
(D)
56,477
16,227
8,010
22,675
133,612
(D)
47,507
D Suppressed to avoid disclosure of data of individual companies.
N o te . Affiliates of the eight countries listed in this table accounted for the largest shares of affiliate trade in 2 0 0 1 - 2 0 0 6 .
(D)
16.9
4.9
2.4
6.8
40.0
(D)
14.2
U.S. Affiliates of Foreign Companies
198
Among Netherlands-owned affiliates, petroleum
wholesalers accounted for much of the increase.
Im ports
Imports of goods by U.S. affiliates rose 7 percent in
2006, to $482.4 billion, following an increase of 14 per
cent in 2005. Total U.S. imports grew 11 percent in
2006. As a consequence, the share of U.S. imports ac
counted for by affiliates fell to 26.0 percent in 2006
from 26.8 percent in 2005, continuing a long-term
downward trend. Much of the increase in imports by
affiliates in 2006 was accounted for by wholesale trade
affiliates, especially those in motor vehicles, electrical
goods, and machinery. Imports by manufacturing af
filiates, especially transportation equipment manufac
turers, also rose substantially.
Japanese-owned affiliates continued to account for
the largest share of affiliate imports (33 percent). How
ever, Japanese-owned affiliates’ share declined in 2006,
continuing a trend from the late 1990s, when Japaneseowned affiliates accounted for more than 40 percent of
affiliate imports. As in previous years, the majority of
imports by Japanese-owned affiliates were by whole
sale trade affiliates, including affiliates that have signif
icant secondary operations in transportation
equipment manufacturing.
The largest increases in affiliate imports in dollar
terms were by Japanese- and German-owned affiliates.
The increase by Japanese-owned affiliates—from
$150.6 billion to $159.4 billion—was largely in motor
vehicle and motor vehicle parts and supplies wholesal
ers. The increase in imports by German-owned affili
ates—from $61.7 billion to $68.3 billion—was mostly
in electrical equipment and transportation equipment
manufacturing. Imports by affiliates from smaller
trading countries (those included in “Other” in table
9) increased substantially in 2006 and represented 20
percent of affiliate imports, up from 14 percent in
2001. Among these smaller countries, Venezuelan- and
Saudi Arabian-owned affiliates accounted for about
half of the increase in imports by affiliates in 2006. Im
ports by Canadian-owned affiliates fell 26 percent,
largely as a result of decreased imports by affiliates in
wholesale trade.
R
e s e a r c h
a n d
D
e v e l o p m
e n t
In 2006, expenditures for research and development
(R&D) performed by U.S. affiliates totaled $34.3 bil
lion, up 10 percent from 2005 (table 10). In 2005, the
August 2008
most recent year for which data for R&D spending by
all U.S. businesses are available, U.S affiliates ac
counted for 14 percent of the total R&D performed by
all U.S. businesses, a share notably higher than the af
filiate shares of U.S. private industry value added or
employment.
T a b le 1 0 . R e s e a r c h a n d D e v e lo p m e n t P e r fo r m e d b y M a jo r it y - O w n e d
N o n b a n k U .S . A f f ilia t e s a n d A ll U .S . B u s in e s s e s , 1 9 9 7 - 2 0 0 6
R&D performed
by affiliates
R&D performed by
all U.S. businesses ’
Millions of dollars
R&D by affiliates
as a percentage
of R&D by all
U.S. businesses
1 9 9 7 .....................................................
17,216
157,739
10.9
1 9 9 8 .....................................................
22,375
169,180
13.2
1999
24,027
182,711
13.2
2000
26,180
199,539
13.1
2001
26,463
198,505
13.3
2002
27,507
193,868
14.2
2003
29,803
200,724
14.8
2004
30,083
208,301
14.4
2 0 0 5 .....................................................
31,099
226,159
13.8
2 0 0 6 .....................................................
34,257
n.a.
n.a.
n.a. Not available
1. Data are from the National Science Foundation’s Web site at <www.nsf.gov/statistics/infbrief/nsf07335>.
Affiliates of the seven largest investing countries in
terms of value added accounted for more than 80 per
cent of the R&D performed by affiliates (table 11). The
largest shares of affiliate R&D spending were by Britishand German-owned affiliates, each of which accounted
for just under 20 percent. R&D spending by Britishowned affiliates was predominantly by manufacturing
affiliates, notably those in chemicals and computers and
electronic products. R&D spending by German-owned
affiliates was also concentrated in manufacturing affili
ates, especially affiliates in chemicals and transportation
equipment.
In 2006 as in previous years, manufacturing affili
ates accounted for a dominant share of R&D per
formed by affiliates
(73 percent). Within
manufacturing, affiliates in chemicals and transporta
tion equipment accounted for the largest shares of
R&D spending.
By country of ownership, the largest increases in
R&D expenditures by affiliates were among Britishand Swiss-owned affiliates. Among affiliates of both
countries the increases were mostly by existing affili
ates in pharmaceuticals.
U.S. affiliate R&D intensity— defined as R&D ex
penditures divided by value added—was highest in
three manufacturing industries: chemicals (22 per
cent), computers and electronic products (15 per
cent), and transportation equipment (11 percent). By
August 2008
Survey of Current Business
country, R&D intensity was highest among Swissand German-owned affiliates (10 percent each), re
flecting the prominence of affiliates of these countries
T a b le 1 1 . R e s e a r c h a n d D e v e lo p m e n t P e r fo r m e d b y
M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s , b y C o u n t r y o f U B O
a n d b y In d u s tr y o f A ffilia te , 2 0 0 5 a n d 2 0 0 6
R&D performed
by affiliates
(millions of dollars)
Share of the total
2005
All co u n trie s a n d in d u s tr ie s .......
2005
R&D intensity1
2006
31,099
34,257
100.0
100.0
5.7
5.6
1,553
3,099
6,519
1,470
4,289
5,994
3,576
4,600
1,586
3,335
6,742
1,562
5,039
6,801
3,995
5,197
5.0
10.0
21.0
4.7
13.8
19.3
11.5
14.8
4.6
9.7
19.7
4.6
14.7
19.9
11.7
15.2
3.2
6.2
10.0
3.3
11.7
5.3
5.1
3.8
2.8
5.7
9.9
3.4
10.1
5.7
5.3
3.7
2006
2005
2006
Bcuty
yon .
r
C a n a d a ..........................................................
France
G erm any........................................................
N etherlands..................................................
Sw itzerland...................................................
United Kingdom..........................................
Japan .............................................................
O th e r .............................................................
Binuty
y dsr.
Manufacturing..............................................
Fo o d ..........................................................
Beverages and tobacco products......
Petroleum and coal products..............
Chemicals................................................
Plastics and rubber products..............
Nonmetallic mineral products.............
Primary m eta ls.......................................
Fabricated metal products...................
M achinery................................................
Computers and electronic products...
Electrical equipment, appliances,
and components................................
Transportation equipm ent....................
O th e r.........................................................
21,506
498
43
25,035
466
50
69.2
1.6
0.1
73.1
1.4
0.1
8.7
3.3
0.6
9.4
3.0
0.6
(D)
9,888
342
219
90
181
1,552
2,847
(D)
12,750
371
216
57
205
789
3,072
(D)
31.8
1.1
0.7
0.3
0.6
5.0
9.2
(D)
37.2
1.1
0.6
0.2
0.6
2.3
9.0
(D)
19.9
3.2
1.1
0.7
2.6
7.8
17.7
(D)
21.6
3.5
1.0
0.5
2.9
5.8
15.2
(D )
(D )
13.6
3.1
3.9
12.3
3.2
(D )
958
1,329
4,198
1,087
12.4
4.0
9.8
11.2
4.4
W holesale tr a d e .........................................
Inform ation...................................................
Professional, scientific, and technical
services....................................................
Other industries...........................................
6,529
1,009
5,935
967
21.0
3.2
17.3
2.8
6.5
3.5
5.6
2.9
1,590
464
1,879
441
5.1
1.5
5.5
1.3
7.9
0.3
8.3
0.2
4,244
D Suppressed to avoid disclosure of data of individual companies.
1. R&D intensity is equal to R&D expenditures divided by value added.
T a b le 1 2 . R e s e a r c h a n d D e v e lo p m e n t P e r fo r m e d b y M a jo r ity -O w n e d
N o n b a n k U .S . A f f ilia t e s a n d a ll U .S . B u s in e s s e s , in S e le c t e d I n d u s t r ie s , 2 0 0 5
R&D performed
by affiliates
(millions of dollars)
R&D performed R&D by affiliates
by all U.S.
as a percentage
businesses1
of R&D by all
(millions of dollars) U.S. businesses
All in d u s tr ie s ......................................................
31,099
226,159
13.8
M an u fa c tu rin g ...................................................................
21,506
158,190
13.6
F o o d ....................................................................................
Petroleum and coal products........................................
Chem icals..........................................................................
498
2,716
(D)
9,888
(D)
42,995
18.3
n.a.
23.0
513
2,277
22.5
78
8,710
342
1,552
2,847
2,294
34,839
1,760
8,531
3.4
25.0
19.4
18.2
n.a.
n.a.
n.a.
0.9
0wc:
1 hh
i
O hh
fwc:
i
Basic ch em icals................................................
Resins and synthetic rubber, fibers, and
filam ents..........................................................
Pharmaceuticals and m edicines...................
Plastics and rubber products........................................
Machinery..........................................................................
Computers and electronic products............................
Electrical equipment, appliances, and components
Transportation equipm ent..............................................
Miscellaneous manufacturing.......................................
(D)
4,244
47
(D)
2,424
(D)
5,143
In fo rm atio n .........................................................................
1,009
23,836
4.2
P rofessional, scientific, a n d te ch n ical services
1,590
32,021
5.0
166
153
4,687
13,592
3.5
1.1
6,994
12,112
199
in R&D-intensive industries such as pharmaceuticals.
In 2005, the latest year for which data are available
for all U.S. R&D performing companies, affiliates ac
counted for more than 20 percent of U.S. R&D spend
ing in such manufacturing industries as basic
chemicals and pharmaceuticals (table 12). The high
shares are due both to the strong presence of U.S. affil
iates in these industries and to the use of the United
States by many foreign multinational companies as a
center for conducting R&D. In contrast, in profes
sional, technical, and scientific services, the U.S. affili
ate share of private R&D spending was just 5 percent,
reflecting the relative lack of foreign direct investment
in that industry.
R
10. The revision to the estimates for capital expenditures was large
because in their initial reports to BEA, some U.S. affiliates excluded their
spending for equipm ent that they leased or rented to others. Consequently,
these expenditures were om itted from the April 2008 advance estimates.
BEA worked w ith respondents to obtain these data, and they are now
included in the estimates in this report.
11. See Thomas Anderson, “U.S. Affiliates o f Foreign Companies: O pera
tions in 2005,” S u r v e y 87 (August 2007): 194-211.
(2)
O hh
fwc:
i
Architectural, engineering, and related services
Computer systems design and related services
Other industries.....................................................................
n.a. Not available.
D Suppressed to avoid disclosure of data of individual companies.
1. Source: National Science Foundation.
2. Because of differences in industry classification, BEA data for U.S. affiliate R&D and NSF data for R&D by all U.S.
businesses may not be compatible for all individual industries. Because this lack of compatibility may be particularly great
for “other industries,” the affiliate share of all R&D by U.S. businesses has not been computed for this industry category.
e v i s i o n s
The estimates of U.S. affiliate operations in 2006 are
preliminary. The estimates for employment, sales, and
expenditures for property, plant, and equipment su
persede the advance summary estimates for majorityowned affiliates that were released on April 17, 2008
(BEA news release 08-15). From the advance estimates
to the preliminary estimates, the estimates of employ
ment and sales were each revised up 1.1 percent, and
the estimate of capital expenditures was revised up
13.5 percent.1
0
The final estimates of U.S.-affiliate operations in 2005
are also presented. The final estimates for employment,
sales, and expenditures for property, plant, and equip
ment supersede the advance summary estimates for majority-owned affiliates from the April release and the
preliminary estimates that were released in August
2007.1 From the estimates released in April to these fi
1
nal estimates, the estimate of employment was revised
up 0.4 percent, the estimate of sales was revised up 0.6
percent, and the estimate of capital expenditures was re
vised up 11.9 percent. From the preliminary estimates to
the final estimates, the estimate of employment was re
vised up 2.3 percent, the estimate of sales was revised up
0.6 percent, and the estimate of capital expenditures was
revised up 8.5 percent.
Tables 13.1-14.2 follow.
200
U.S. Affiliates of Foreign Companies
August 2008
T a b le 1 3 .1 . S e le c t e d D a t a o f M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y I n d u s t r y o f A f f ilia t e , 2 0 0 5
Millions of dollars
Total
assets
Gross
Expenditures
property,
for property,
plant, and
plant, and
equipment
equipment
(1)
Sales
Net
income
Value
added
(4)
(3)
(2)
Millions of dollars
(5)
(6)
Thousands
of
Compensation
employees
of employees
(7)
U.S.
exports of
goods
shipped by
affiliates
(9)
(8)
U.S.
Research
imports of
and
goods
development
shipped to performed by
affiliates
affiliates
(10)
(11)
All in d u s tr ie s .......................................................................
5,952,052
1,103,766
131,378
2,509,575
98,708
549,569
336,125
5,201.6
174,318
448,911
31,099
M a n u fa c tu rin g ...................................................................................
1,116,355
492,117
49,901
999,418
35,908
246,159
143,933
2,000.9
99,353
156,599
21,506
F o o d .....................................................................................................
Beverages and tobacco products.................................................
Textiles, apparel, and leather products.......................................
P aper...................................................................................................
Printing and related support activities........................................
Petroleum and coal products.........................................................
91,106
25,933
8,262
2,668
17,903
4,379
66,536
20,485
4,131
18,980
6,952
626
2,000
97
-5 6 7
92
8,568
2,551
887
3,263
2,057
4,298
130.3
34.8
18.3
43.9
36.4
30.1
6,884
1,004
355
1,301
163
2,648
1,053
396
3,049
232
498
43
37
64
2
(D)
(D)
2,329
628
320
648
458
3,245
(D)
(D)
15,037
7,425
1,403
4,651
2,873
22,161
(D)
(D)
(D)
C h em icals..........................................................................................
Basic chem icals...........................................................................
Resins and synthetic rubber, fibers, and filam ents.............
Pharmaceuticals and m edicines.............................................
Soap, cleaning compounds, and toilet preparations.........
O th e r...............................................................................................
234,829
39,571
8,829
131,992
21,570
3 2,867
89,507
34,765
5,565
33,093
3,071
13,013
6,371
1,665
404
3,304
253
745
180,688
4 4,613
11,592
88,640
9,768
26,075
13,542
1,439
312
10,163
744
885
49,753
9,670
1,735
29,288
2,803
6,258
27,842
4 ,836
916
16,188
1,450
4,452
269.7
51.4
10.2
135.4
18.0
54.7
18,062
6,620
978
6,477
532
3,454
27,628
6,399
1,319
15,274
710
3,927
9,888
513
78
8,710
99
489
Plastics and rubber products.........................................................
Nonmetallic mineral products........................................................
Primary and fabricated m e ta ls .....................................................
Prim ary m etals.............................................................................
Fabricated metal products.........................................................
28,675
74,487
63,949
43,231
20,717
19,250
53,448
36,230
24,416
11,814
1,400
3,327
3,900
3,216
684
35,482
55,495
71,795
49,259
22,536
773
2,898
3,191
1,930
1,262
10,687
19,188
20,004
12,986
7,017
7,238
10,764
11,604
7,066
4,538
118.0
167.5
179.6
99.8
79.8
3,053
1,619
5,393
3,840
1,552
5,690
2,118
7,658
5,084
2,574
342
219
270
90
181
M achinery...........................................................................................
Agriculture, construction, and mining m achinery...............
Industrial m achinery....................................................................
O th e r...............................................................................................
93,179
(D)
19,735
3,484
1,832
14,419
2,065
308
110
1,647
68,872
16,105
5,333
47,434
2,206
1,119
-1 9
1,106
19,845
3,537
1,476
14,832
16,146
2,335
1,262
12,549
199.1
30.3
17.2
151.6
8,176
3,270
795
4,110
8,499
1,602
1,036
5,861
1,552
243
114
1,195
Computers and electronic products............................................
Computers and peripheral equipm ent....................................
Communications equipment......
Semiconductors and other electronic com ponents............
Navigational, measuring, and other instruments................
O th e r...............................................
57,217
3,789
4,514
16,253
20,630
12,030
21,386
1,779
1,803
10,190
4,204
3,411
1,624
248
130
583
337
326
54,038
5,807
5,539
18,027
14,306
10,359
-1 ,6 9 2
128
-2 ,0 7 3
729
-4 2 0
-5 6
16,082
1,265
1,657
4,646
6,024
2,491
11,144
850
1,242
2,616
4,850
1,586
154.8
11.8
13.2
33.6
60.1
36.2
(D)
(D)
2 ,847
852
899
4,629
2,286
717
6,154
Electrical equipment, appliances, and com ponents...............
Transportation equipm ent...............................................................
Motor vehicles, bodies and trailers, and parts.....................
O th e r...............................................................................................
O th e r...................................................................................................
27,331
2 58,194
2 39,989
18,205
57,637
8,730
122,212
117,676
4,537
26,023
227,208
210,047
17,161
544
2,725
2,165
560
7,874
34,251
29,704
(D)
641
21,433
21,089
345
1,512
(D)
(D)
4,547
14,927
5,934
21,638
18,173
3,465
10,001
W h o les a le tr a d e ................................................................................
Motor vehicles and motor vehicle parts and supplies.............
Electrical goods.................................................................................
Petroleum and petroleum products.............................................
O th e r...................................................................................................
526,441
127,529
63,688
153,859
181,365
216,155
65,945
15,782
(D)
13,928
1,405
(D)
(D)
4,306
795,170
161,008
107,759
239,682
286,721
27,751
4,952
1,563
13,208
8,028
99,689
15,541
12,533
31,707
39,908
Retail tr a d e .........................................................................................
Food and beverage stores..............................................................
O th e r...................................................................................................
68,229
39,576
26,722
12,854
4,533
2,581
1,953
138,583
85,642
52,941
1,238
604
634
30,862
37,746
30,483
In form ation .........................................................................................
Publishing industries.......................................................................
Motion picture and sound recording in dustries........................
Telecommunications........................................................................
O th e r...................................................................................................
184,270
60,945
22,200
68,074
33,052
39,281
5,947
955
25,930
6,449
6,963
769
72,525
28,338
7,885
23,433
12,869
F inance (except depo sitory in stitu tio n s) a n d insuran ce
Finance, except depository institutions......................................
Insurance carriers and related activities.....................................
3,275,591
2,029,087
1,246,504
30,694
19,001
11,693
7,378
6,254
1,124
Real e state a n d rental a n d le a s in g ............................................
Real e s ta te .........................................................................................
Rental and leasing (except real estate)......................................
99,706
78,486
21,220
81,251
68,893
12,358
P rofessional, scien tific, a n d te ch nical s e rv ic e s ....................
Architectural, engineering, and related services.....................
Computer systems design and related services.....................
M anagement, scientific, and technical consulting...................
O th e r....................................................................................................
93,717
12,933
12,033
12,604
56,148
O the r in d u s tr ie s ................................................................................
Agriculture, forestry, fishing, and hunting..................................
Mining..................................................................................................
Utilities.................................................................................................
Construction......................................................................................
Transportation and w arehousing..................................................
M anagem ent of nonbank companies and enterprises...........
Administration, support, and waste m anagem ent...................
Health care and social assistance...............................................
Accommodation and food services.............................................
Miscellaneous services..................................................................
587,742
4,300
74,093
93,144
23,309
49,598
249,431
36,983
17,910
33,224
5,751
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
Estimates for 2005 are revised.
(D)
3,038
21,858
6,675
(D)
4,487
(D)
570
547
1,453
(D)
(D)
799
3,107
87.1
375.5
325.9
49.5
156.1
3,189
32,414
29,968
2,446
4,452
2,690
55,796
52,923
2 ,873
3,495
47,409
6,796
10,037
5,473
25,103
578.5
75.7
101.5
48.0
353.4
68,617
7,493
13,127
14,819
33,178
279,298
79,061
51,736
52,270
96,231
17,949
11,384
6,565
573.0
356.8
216.3
188
4,744
19,118
11,743
(*
)
3,070
-2 8 9
711
2,926
-2 7 8
28,814
12,456
1,689
7,056
7,613
18,615
9,321
1,205
2,897
5,193
212.0
103.6
8.2
41.6
58.6
1,190
797
140
(D)
(D)
(D
)
212
(D)
(D)
10
3
(D)
(D)
192,652
81,525
111,126
10,170
5,478
4,692
29,053
15,628
13,425
34,947
21,460
13,487
199.1
83.8
115.3
0
0
0
1
1
0
(*)
14,474
7,318
7,156
24,661
16,477
8,184
2,526
1,971
555
12,582
8,362
4,220
2,921
1,491
1,430
47.0
22.6
24.4
(D
)
518
1
516
11
10,287
2,682
2,031
295
5,279
1,563
279
333
64
887
54,910
9,307
13,417
20,186
3,593
6,614
197.5
46.5
58.1
12.5
80.5
(D
)
1,469
8,511
16,362
3,254
5,318
1,218
6,572
1,590
166
153
2,890
29,296
440
-3 3
-2 0 0
-5 2 4
1,198
194,406
2,550
47,792
66,212
8,638
33,538
(D )
240
4 ,400
3,179
3,564
3,293
(D)
6,978
(D)
763
957
951
363
231,657
2,058
28,574
49,646
35,664
45,857
1,057
17,605
68
4,427
-1 ,1 8 6
1,043
12
10,507
82,224
602
15,214
9,185
7,266
11,823
470
53,988
340
5,518
2,605
5,226
10,131
376
26,719
13,573
24,040
4,468
1,511
1,048
185
-1 0
17,531
6,070
12,027
2,036
14,665
4,861
8,906
1,360
1,393.4
6.8
68.7
35.3
67.1
206.4
3.3
504.7
121.7
328.9
50.4
(D)
17,896
2,703
(D)
(D)
48
(D)
188
0
(D)
(D
)
(D)
(D)
(D)
4,244
3,663
581
855
6,529
347
2,128
(D)
(D)
(D
)
(*)
(D)
1,009
645
(*)
6
6
0
11
351
5
0
70
4
4
(D)
(D)
1,271
4,269
312
3,514
2
7,282
91
1,471
5,225
62
62
208
0
5
(D)
(D)
0
(D)
(D)
(*)
47
(D)
0
6
O
(D
)
(D)
1
(D)
2
(*)
51
0
(D)
(D)
August 2008
201
Survey of Current Business
T a b le 1 3 .2 . S e le c t e d D a t a o f M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y In d u s t r y o f A f f ilia t e , 2 0 0 6
Millions of dollars
Millions of dollars
Total
assets
Gross
property,
plant, and
equipment
Expenditures
for property,
plant, and
equipment
Sales
Net
income
Value
added
(1)
(2)
(3)
(4)
(5)
Thousands
of
Compensation
employees
of employees
(6)
(7)
(8)
U.S.
exports of
goods
shipped by
affiliates
Research
U.S.
and
imports of
goods
development
performed
shipped to
affiliates
by affiliates
(10)
(9)
(11)
All in d u s tr ie s ......................................................................
6,807,654
1,188,641
160,245
2,795,143
134,257
614,685
364,162
5,330.5
195,292
482,363
34,257
M a n u fa c tu r in g ..................................................................................
1,224,595
518,462
58,310
1,100,669
44,217
266,893
155,422
2,057.8
108,554
173,867
25,035
Food....................................................................................................
Beverages and tobacco products................................................
Textiles, apparel, and leather products.......................................
Paper...................................................................................................
Printing and related support activities........................................
Petroleum and coal products.........................................................
85,474
32,122
3,239
18,158
6,378
2 5,643
9,609
2,892
16,094
4,451
4,854
2,149
93
109
39
8,206
15,466
8,555
1,447
4,392
2,777
22,483
8,450
3,214
939
2,968
2,003
4,510
128.7
38.2
18.6
37.3
33.3
33.2
3,068
484
463
2,808
154
466
50
38
52
3
(D)
64,589
24,111
4,365
17,604
6,855
136,657
6,634
967
400
1,391
111
(D)
2,176
949
308
560
336
4,576
(D)
(D)
(D)
C h em icals..........................................................................................
Basic chem icals..........................................................................
Resins and synthetic rubber, fibers, and filaments.............
Pharmaceuticals and m edicines.............................................
Soap, cleaning compounds, and toilet preparations.........
O th e r...............................................................................................
266,995
5 3,595
8,250
154,751
18,889
31,510
95,785
38,317
5,801
36,448
3,096
12,123
8,317
2,358
350
4,491
309
808
2 12,418
51,231
12,116
113,987
10,998
24,086
11,028
3,036
-7 9
6,500
872
700
58,953
9,207
1,354
39,551
3,159
5,682
32,178
4,892
802
2 0,800
1,593
4,091
287.8
53.1
8.1
159.8
18.7
48.2
19,481
6,694
1,195
7,717
614
3,261
33,617
6,138
1,495
2 2,016
730
3,238
12,750
603
66
11,513
108
460
Plastics and rubber products.........................................................
Nonmetallic mineral products........................................................
Primary and fabricated m etals .....................................................
Primary m etals.............
Fabricated metal products.........................................................
28,924
82,128
68,842
46,731
22,111
19,817
56,646
35,482
2 3,803
11,679
1,567
4,454
3,079
2,330
749
36,200
62,983
77,981
54,350
23,632
589
3,242
5,050
3,710
1,340
10,586
21,739
19,298
12,244
7,054
7,294
11,535
10,464
5,653
4,812
110.9
180.4
157.4
81.2
76.2
3,031
1,495
5,469
3,632
1,837
6,062
3,095
7,216
4,957
2,258
216
262
57
205
M ach in ery..........................
Agriculture, construction, and mining m achinery...............
Industrial m achinery...................................................................
O th e r..............................................................................................
79,033
13,994
3,344
2,089
8,561
1,293
396
185
712
53,512
16,838
7,364
2 9,310
2,123
908
255
960
13,667
3,194
2,063
8,410
10,544
2,372
1,654
6,519
138.8
30.3
21.3
87.1
7,932
3,393
8,018
1,718
1,620
4,680
789
326
128
336
21,471
2,107
2,918
8,613
4,638
3,196
1,732
319
149
575
425
265
63,940
6,058
12,814
17,682
17,171
10,215
1,062
-2 0 3
-1 0 8
708
568
96
20,198
14,467
168.7
I
31.7
33.4
(D)
(D)
3,072
659
1,514
4,460
2,450
971
5,782
1,327
26,300
25,594
706
1,336
49,111
246,663
222,153
24,510
43,681
34,155
16,657
(D)
5,743
(D)
(D)
Computers and electronic products............................................
Computers and peripheral equipment...................................
Communications equipment.....................................................
Semiconductors and other electronic com ponents............
Navigational, measuring, and other instruments.................
O th e r.............................................
16,884
21,887
12,883
Electrical equipment, appliances, and components...............
Transportation equipm ent..............................................................
Motor vehicles, bodies and trailers, and parts.....................
O th e r...............................................................................................
O th e r...................................................................................................
51,361
274,463
244,856
29,607
62,585
14,701
135,242
128,952
6,291
W h o le s a le tra d e ...............................................................................
Motor vehicles and motor vehicle parts and supplies............
Electrical goods................................................................................
Petroleum and petroleum products.............................................
O th e r...................................................................................................
562,140
141,373
77,191
152,823
190,753
237,907
79,992
19,779
(D)
(D)
R etail tr a d e .........................................................................................
Food and beverage stores.............................................................
O th e r...................................................................................................
69,449
38,048
31,401
In fo r m a tio n ........................................................................................
Publishing industries.......................................................................
Motion picture and sound recording industries........................
Telecommunications........................................................................
O th e r...................................................................................................
1,181
3,358
371
(D)
(D)
4,007
4,219
8,399
3,695
2,595
5,670
(D)
(D)
61.3
K
(D)
(D)
1,083
3,013
(D)
1,104
2,173
1,371
802
2,396
13,563
37,461
29,261
8,200
16,306
10,776
25,551
18,660
6,890
10,529
146.5
420.3
325.1
95.2
157.7
6,339
36,033
33,551
2,482
4,790
6,148
59,277
55,621
3,657
4,67 6
1,329
4,198
3,539
659
28,790
4,544
786
14,755
8,704
106,868
16,637
2,405
10,686
4,406
863,364
170,523
117,379
262,477
312,986
13,018
32,962
44,252
50,126
6,933
10,473
5,341
2 7,380
618.7
77.7
108.4
44.7
387.9
78,029
8,668
14,513
15,915
3 8,934
295,190
85,679
5 5,338
53,942
100,231
5,935
381
2,220
42,253
29,041
13,213
4,633
2,728
1,906
146,128
88,187
57,941
1,301
1,208
93
31,822
19,489
12,333
18,280
11,372
6,909
564.0
345.5
218.5
578
0
578
5,711
(D)
(D)
16
0
16
207,114
67,757
19,370
82,003
37,983
44,794
6,177
957
30,860
6,800
4,363
624
97
2,887
755
81,894
31,239
8,058
26,966
15,631
3,888
1,884
165
1,359
480
33,360
14,657
1,572
8,300
8,830
20,998
10,445
1,239
3,196
6,119
223.5
106.6
8.6
47.2
61.2
972
455
235
185
967
616
(D)
(D)
4
5
(D)
(D)
0
(D)
(D)
Finance (except depo sitory institutio ns) a n d insuran ce
Finance, except depository institutions......................................
Insurance carriers and related activities.....................................
3,957,790
2,479,912
1,477,878
36,417
23,168
13,249
10,450
257,764
123,150
134,614
18,155
8,268
9,887
40,914
23,893
17,021
38,922
2 4,000
14,922
215.1
93.1
122.0
(D)
(D)
(D)
(D)
(D)
(D)
0
0
Real estate a n d rental a n d le a s in g ............................................
Real esta te .........................................................................................
Rental and leasing (except real estate)......................................
115,945
94,012
21,933
89,562
76,655
12,907
18,091
9,522
8,569
34,883
24,364
10,519
6,459
5,697
763
15,955
11,652
4,304
3,254
1,744
1,510
46.0
25.4
20.5
(D)
0
541
0
541
(D)
(*)
Pro fessional, scien tific, a n d te c h n ic a l s e rv ic e s ....................
Architectural, engineering, and related services.....................
Com puter systems design and related services.....................
Managem ent, scientific, and technical consulting...................
O th e r...................................................................................................
101,387
13,606
17,631
13,470
56,681
11,371
2,834
2 ,390
309
5 ,838
1,623
310
420
58
835
61,360
11,345
16,435
2,683
30,897
722
358
-3 0 3
-5 4 3
1,210
22,531
4,545
7,645
1,376
8,966
18,159
3,792
6,319
1,160
6,889
202.4
48.6
63.2
10.7
80.0
(D)
322
7
0
(D)
1,879
204
220
(D)
(D)
(*)
1,455
O the r i n d u s tr ie s ..............................................................................
Agriculture, forestry, fishing, and hunting..................................
Mining..................................................................................................
Utilities.................................
Construction......................
Transportation and warehousing..................................................
Management of nonbank companies and enterprises...........
Administration, support, and waste m anagem ent...................
Health care and social assistance...............................................
Accommodation and food services.............................................
Miscellaneous services..................................................................
569,234
3,950
87,742
83,354
207,873
2,317
61,599
52,987
10,147
41,341
28,620
222
249,082
1,817
37,294
48,580
30,724
94
5,717
1,511
477
-8 2 5
20,597
1,571
588
775
218
96,342
554
21,298
9,293
6,255
14,938
4,037
59,001
304
7,372
2,848
4,711
12,307
422
1,402.9
5.9
74.8
27.1
64.3
218.8
3.6
M
L
384.5
57.9
6,382
362
5,516
2
130
238
3
6,547
66
1,755
(D)
41
246
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
Estimates for 2006 are preliminary.
4,064
(D)
25,101
61,160
207,197
36,400
17,400
36,998
9,934
(D)
(D)
4,356
4,616
5,247
(D)
(D)
6,984
695
558
1,472
458
(D)
19,400
4,067
33,830
55,949
1,079
27,691
9,857
26,998
5,988
(D)
(D)
(D)
13,999
2,837
(D)
10,193
1,738
(D)
(D)
3
4
(D)
(D)
23
255
0
6
(D)
(D)
(*)
40
1
98
(D)
602
407
1,759
(D)
(D)
(D)
8
8
0
(D)
(*)
7
(D)
1
(*)
21
0
(D)
202
U.S. Affiliates of Foreign Companies
August 2008
T a b le 1 4 .1 . S e le c t e d D a t a o f M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y C o u n t r y o f U lt im a t e B e n e f ic ia l O w n e r , 2 0 0 5
Millions of dollars
Millions of dollars
Gross
property,
plant, and
equipment
Expenditures
for property,
plant, and
equipment
Sales
Net
income
Value
added
Compensation
of employees
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Thousands
of
employees
U.S.
exports of
goods
shipped by
affiliates
(8)
Total
assets
0)
Research
U.S.
imports of
and
goods
development
shipped to
performed
affiliates
by affiliates
(10)
(11)
All c o u n tr ie s ........................................................................
5,952,052
1,103,766
131,378
2,509,575
98,708
549,569
336,125
5,201.6
174,318
448,911
C a n a d a ................................................................................................
443,048
105,947
9,651
180,911
8,000
48,103
28,609
466.5
8,171
26,095
1,553
E u r o p e .................................................................................................
Austria
Belg iu m ...............................................................................................
Denm ark..............................................................................................
Finland
France
4,450,235
2,610
51,615
22,989
14,669
666,583
685,212
1,403
13,208
4,052
7,463
63,832
75,468
211
991
620
66,090
121
1,123
173
96
15,632
355,682
907
7,110
2,114
31.9
476.8
96,272
320
1,098
795
2,315
11,355
183,796
981
1,031
3,225
6,340
19,094
23,389
7
136
319
3,758
49,867
225,784
569
4,355
1,430
2,771
32,700
3,530.0
9.8
128.8
19.4
(D)
4,825
1,502,064
3,603
29,638
10,833
20,341
178,703
G e rm a n y ............................................................................................
Ire lan d .................................................................................................
Italy.......................................................................................................
Luxembourg
Netherlands.
621,965
19,004
4 8,237
8,411
6 32,466
219,824
7,522
14,190
4,048
71,219
35,180
543
885
158
5,756
341,880
13,931
28,160
4,831
260,769
6,429
296
1,473
436
9,473
65,379
4,122
7,487
897
44,546
44,238
2,796
4,572
497
26,046
645.8
42.6
101.7
25.0
437.7
37,619
188
2,265
282
11,259
61,704
518
4,028
(D)
30,779
6 ,519
247
262
6
1,470
N o rw a y ........
S p a in ............
S w e d e n ...............................................................................................
Switzerland..
United Kingdom.................................................................................
O th e r............
15,204
4 2,277
36,190
1,198,584
1,060,912
8,520
6 ,994
4 ,328
14,627
43,473
205,180
3,847
308
670
1,377
4,477
18,306
11,244
7,877
48,662
150,945
376,997
1,559
413
7,352
13,325
31,140
(D)
272
4 ,289
5 ,994
1,178
8.3
31.9
199.3
403.3
951.7
16.1
431
582
4,121
6,205
17,294
13,650
1,026
2,138
12,681
36,680
113,929
3,043
713
1,345
9,179
32,297
61,097
(D)
79
220
1,853
4,588
23,749
350
143
(D)
(D)
Latin A m e ric a a n d O the r W estern H e m is p h e re ......................
299,152
58,997
5,283
167,542
5,306
41,112
24,212
324.4
12,231
(D)
(D)
South and Central A m erica...........................................................
B ra zil...............................................................................................
M exico............................................................................................
Panam a...
Venezuela
O th e r.......
38,084
7,405
17,508
1,381
19,776
2,310
8,408
1,896
561
763
76
80,445
11,849
21,579
1,104
1,774
206
406
90
13,663
851
4,835
4,760
508
2,809
2,339
773
879
(D)
0
18
(D)
(D)
(D)
(D)
(D)
6,865
3,583
35
(D)
(D)
315
79.8
7.0
57.4
H
H
6.2
184
(D)
1,755
0
3
9,892
4,978
1,121
(D)
(D)
(D)
(D)
1,014
(D)
(D)
(D)
(D)
450
Other Western H em is p h e re ..........................................................
B aham as........................................................................................
Bermuda.........................................................................................
Netherlands Antilles....................................................................
United Kingdom Islands, C aribbean.......................................
O th e r...............................................................................................
261,068
946
181,775
5,543
72,702
102
39,221
204
28,581
33
3,387
23
2,511
441
408
4
8 7,097
213
67,462
5,242
14,037
143
3,532
126
2,149
540
764
-4 7
27,449
98
21,313
2,948
3,035
55
19,452
93
15,606
1,766
1,974
13
244.6
1.7
194.5
22.2
26.1
0.1
A fr ic a ...................................................................................................
South Africa........................................................................................
O th e r....................................................................................................
4,055
3,548
507
3,883
3,421
462
218
188
30
6,515
6,139
375
-227
-2 6 8
41
953
894
716
679
37
M iddle E a s t ........................................................................................
Is ra e l....................................................................................................
Kuwait..................................................................................................
L ebanon..............................................................................................
Saudi Arabia......................................................................................
United Arab Em irates......................................................................
O th e r....................................................................................................
39,042
11,238
2,664
22,787
2,397
2,214
2,319
99
139
25
2,608
819
(D)
(D)
911
11,071
4,929
1,264
58,118
8,211
2,256
828
10,169
1,403
995
13,493
6,953
3,699
3,068
224
197
80
1,062
1,243
262
A sia a n d P a c ific ................................................................................
A ustralia..............................................................................................
C h in a....................................................................................................
Hong Kong .........................................................................................
In d ia .....................................................................................................
Japan...................................................................................................
Korea, Republic o f ............................................................................
M alaysia..............................................................................................
New Z e a la n d .....................................................................................
Singapore...........................................................................................
Taiw an.................................................................................................
O th e r...................................................................................................
685,180
92,710
1,136
7,768
1,307
545,773
18,492
1,504
674
6,997
7,366
1,453
213,075
26,951
343
4,369
340
161,613
9,065
967
77
2,794
5,579
976
United S t a t e s ....................................................................................
31,339
A d d e nd a:
European Union ( 2 5 ) 1 ...................................................................
O P E C 2 ...............................................................................................
3,231,590
(D)
(D)
(D)
(D)
68
(D)
(*)
909
(D)
104
5
(D)
14
(D)
(D)
(D)
8.6
8.0
0.6
502
501
458
456
2
35
35
0
578
284
1
8
(D)
1,013
(D)
135
0
54,075
859
(D)
(D)
915
-2 9
220
6,821
299
135
526
132
(D)
(D)
(D)
(D)
31,104
4,262
44
450
35
24,233
1,547
70
9
164
239
50
570,208
23,173
2,040
6,558
2,781
465,563
45,725
884
1,605
7,597
13,005
1,277
15,851
3,113
-9 1
472
46
11,918
-6 7
28
26
145
230
29
85,694
6,995
102
1,785
885
70,064
2,238
317
126
1,318
1,602
262
50,335
3,240
144
989
730
41,808
1,268
238
73
863
857
126
760.4
51.6
1.7
19.9
12.4
614.5
18.1
4.3
1.4
17.5
14.1
4.7
13,865
6,586
24,218
1,369
7,855
3,861
632,680
25,490
70,462
1,330,001
87,872
61,354
3,348
315,933
14,468
191,991
1,400
(D)
(D)
8,994
(D)
3,099
3,503
104
56.3
14.6
G
2.6
4.6
7.5
J
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
1. The European Union (25) comprises Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Nether
lands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
2. OPEC is the Organization of Petroleum Exporting Countries. In 2005, its members were Algeria, Indo
5
9
(D)
(D)
31,099
(*)
(D)
(D)
(*)
(*)
(D)
(*)
(D)
74
293
0
42
4,067
90
(D)
(D)
(D)
888
29
190,729
1,355
239
1,447
27
150,576
31,220
16
1,204
786
3,353
505
55.3
2,489
4,120
692
3,108.1
19.0
89,503
496
168,279
18,991
(D)
(D)
98
(D)
366
15
43,889
7,367
(D)
62
0
3,576
(D)
(D)
0
25
122
(*)
nesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
Notes. Size ranges are given in employment cells that are suppressed. The size ranges are: A— 1 to 499;
F— 500 to 999; G - 1 ,000 to 2,499; H -2 ,5 0 0 to 4,999; 1-5,0 0 0 to 9,999; J— 10,000 to 24,999; K -2 5 ,0 0 0 to
49,999; L— 50,000 to 99,999; M— 100,000 or more.
Estimates for 2005 are revised.
August 2008
Survey of Current Business
203
T a b le 1 4 .2 . S e le c t e d D a t a o f M a jo r it y - O w n e d N o n b a n k U .S . A f f ilia t e s b y C o u n t r y o f U lt im a t e B e n e f ic ia l O w n e r , 2 0 0 6
Millions of dollars
Millions of dollars
Total
assets
Gross
property,
plant, and
equipment
Expenditures
for property,
plant, and
equipment
Sales
Net
income
Value
added
(1)
(2)
(3)
(4)
(5)
(6)
Thousands
of
Compensation
employees
of employees
(7)
U.S.
imports of
goods
shipped to
affiliates
Research
and
development
performed
by affiliates
(9)
(8)
U.S.
exports of
goods
shipped by
affiliates
(10)
(11)
All c o u n tr ie s ........................................................................
6,807,654
1,188,641
160,245
2,795,143
134,257
614,685
364,162
5,330.5
195,292
482,363
C a n a d a ...............................................................................................
610,167
113,259
(D)
196,051
13,844
56,738
31,733
457.4
9,052
19,242
1,586
E u r o p e .................................................................................................
Austria.................................................................................................
Belgium ..............................................................................................
D e n m a rk .
F inland....
France
5,053,338
3,105
58,418
24,200
15,263
7 76,525
722,187
1,669
12,599
4,721
7,957
67,318
87,417
238
1,005
978
87,276
120
1,481
201
1,211
18,772
392,437
993
7,169
3,215
4,155
58,937
242,944
628
4,479
2,527
2,885
37,045
3,590.6
10.5
132.0
23.4
33.5
496.6
107,843
281
1,071
935
2,460
12,439
201,406
992
1,117
3,275
6,350
18,736
25,803
8
285
392
(D)
5,693
1,686,212
4,017
36,248
12,556
2 1,804
206,940
G e rm a n y .
Irelan d .....
Italy
Luxem bourg......................................................................................
Netherlands.......................................................................................
667,703
26,654
53,105
13,687
724,446
243,327
9,461
18,558
4,490
82,109
37,804
708
1,701
271
7,269
371,499
19,363
32,519
6,969
314,751
8,529
701
1,858
495
14,568
67,918
5,996
9,321
1,757
45,784
44,604
3,766
5,488
760
28,577
664.4
59.0
130.4
30.1
445.2
4 2,869
189
2,406
516
14,586
68,306
459
4,965
1,798
33,440
6,742
209
350
8
1,562
N orway....
S p a in .......
S w e d e n ...............................................................................................
Switzerland.........................................................................................
United Kingdom................................................................................
O th e r...................................................................................................
13,380
56,541
31,486
1,404,231
1,174,039
10,554
8,164
5,636
11,419
48,432
191,449
4,879
1,867
1,238
1,118
5,366
20,455
-6 2 2
463
1,220
7,715
30,443
122
228
2,285
11,206
50,113
120,265
3,094
590
1,623
8,343
36,046
64,255
1,329
7.8
36.4
179.4
416.1
908.8
17.0
518
839
5,110
6,949
16,395
279
2,174
478
7,582
16,575
34,344
(D)
11,755
10,432
43,329
176,844
403,060
14,125
815
303
5,039
6,801
32
Latin A m e ric a a n d O the r W estern H e m is p h e re ......................
319,028
67,050
8,022
189,396
8,972
50,030
27,349
358.3
13,265
(D)
(D)
South and Central A m erica...........................................................
B razil...
Mexico.
Pan am a..........................................................................................
V en e z u e la .....................................................................................
O th e r...............................................................................................
41,325
8,307
18,657
1,473
21,737
2,783
9,173
(D)
15,709
814
5,914
5,832
591
3,016
(D)
(D)
(D)
6,439
4,575
30
(D)
(D)
(D)
(D)
(D)
1,265
(D)
289
(D)
(D)
(D)
(D)
(D)
1,310
(D)
1,049
113.1
8.2
58.8
I
H
36.5
2,853
647
970
(D )
2,878
219
390
147
(D)
1,156
91
92,511
12,351
24,881
1,160
(D)
215
2,016
Other W estern H em isp here..........................................................
B ah am as........................................................................................
B e rm u d a........
Netherlands A ntilles...................................................................
United Kingdom Islands, Caribbean.......................................
O th e r.................
277,702
984
195,986
7,368
73,248
116
45,312
218
32,499
3,801
8,760
34
(D)
16
3,150
6,094
53
3,968
1,056
1,059
^11
34,321
84
25,438
4,297
4,484
19
21,517
97
16,804
2,234
2,368
14
245.2
1.7
193.8
20.8
28.8
0.1
10,412
1
1,344
7
96,885
180
73,219
7,272
16,062
152
A fr ic a ........................
South A fric a ........
O th e r...................................................................................................
4,494
3,812
682
4,093
3,525
567
269
158
112
7,488
6,933
555
153
-1 1
164
1,086
971
114
719
676
43
8.5
7.9
0.7
501
501
M iddle E a s t .......................................................................................
Is ra e l...................................................................................................
Kuwait..................................................................................................
Lebanon...............
Saudi Arabia
United Arab Em irates......................................................................
O th e r.....................
62,058
22,798
3,839
1,288
15,643
13,080
5,409
29,125
3,098
66,124
11,938
1,879
787
2,893
-8 8 1
254
15
12,729
2,050
3,617
1,137
72.7
(D)
(D)
(D)
3,702
936
277
7,064
1,150
(D)
176
571
469
(D)
4,998
336
231
146
1,552
2,352
381
(D)
(D)
(D)
(D)
17.9
H
3.3
4.9
14.3
K
A s ia a n d P a c ific ................................................................................
Australia..............................................................................................
C h in a.......
Hong Kong .........................................................................................
India
.............................................................................................
Japan
Korea, Republic o f............................................................................
M ala ys ia ..............................................................................................
New Z e a la n d .....................................................................................
Singapore
Taiwan ..
O th er,
..
726,656
9 4,484
892
7,612
2,032
580,259
22,052
1,553
722
7,976
7,614
1,459
240,744
38,316
329
4,635
496
176,511
10,171
989
91
3,096
5,157
954
38,986
5,370
11
509
178
30,191
2,006
67
11
191
399
52
625,274
28,259
1,408
9,662
3,782
504,876
50,961
1,007
1,883
8,861
13,339
1,237
19,708
5,310
-2 1
210
-2 1
13,261
471
58
24
10
385
21
93,625
7,992
105
1,969
1,171
75,800
2,785
370
170
1,632
1,397
233
53,755
3,828
101
1,136
1,015
43,798
1,407
262
89
1,142
857
120
U nited S t a t e s ....................................................................................
31,914
12,184
(D )
24,597
1,411
8,041
A d d e nd a :
European Union (25) 1....................................................................
O P EC 2 ...............................................................................................
3,629,524
662,728
79,343
(D)
(D)
(D)
1,487,612
9 7,442
79,954
6,104
339,774
16,094
(D )
1,060
11,752
8,455
(D )
(D )
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
1. The European Union (25) comprises Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Nether
lands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
2. OPEC is the Organization of Petroleum Exporting Countries. In 2006, its members were Algeria, Indo
(D)
(D)
(D)
34,257
(D)
3,335
15
(D)
(*)
18
0
3
6,581
2
4,542
1,273
(D)
(D)
(*)
959
14
(D)
(D)
(D)
681
679
2
35
35
0
744
360
1
9
(D)
1,351
(D)
193
0
(D)
(D)
(D)
(D)
69
0
29
163
6
(*)
(*)
2
(*)
118
(D)
788.1
59.1
1.2
19.9
16.2
631.0
18.7
4.8
1.6
18.6
13.4
3.7
61,292
994
55
133
69
49,789
8,791
4,589
127
9
75
0
3,995
314
886
16
203,783
1,755
127
1,676
210
159,412
34,810
18
1,304
780
3,097
594
4,045
54.9
2,595
4,477
683
205,420
1,801
3,155.2
26.7
100,188
1,194
182,027
2 0,7 1 7
(D)
(D)
(D)
(D )
(D)
(D)
0
42
111
(D)
nesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
Notes. Size ranges are given in employment cells that are suppressed. The size ranges are: A— 1 to 499;
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 -5 0 ,0 0 0 to 99,999; M— 100,000 or more.
Estimates for 2006 are preliminary.
www.bea.gov
V i s i t B E A ’s i m p r o v e d W e b s it e
F e a tu rin g :
• M a in
p a g e s fo r th e n a tio n a l,
in d u s try , re g io n a l, a n d
in te rn a tio n a l a c c o u n ts
• In te ra c tiv e d a ta fe a tu r e s
• Im p ro v e d
• A -Z
n a v ig a tio n
in d e x
• G lo s s a ry
mmrnmm
m i
..... ;
■ e P *"**""'
SijmHt
mjuBEA
m ta T
xnQ
S
U . S . O c p a r tJ iic n i r i f C o m m e r c e
« C u rre n t r e le a s e s
a R e le a s e d a te s fo r
b
%
B u r e a u o f E c o n o m ic A n a ly s is
dconomkam
a&sxu
U .S . E c o n o m ic A c c o u n ts
20
05
Sre oCret
uvy f urn
« P a g e r s . a n d W ot k in g
Paper?
s in te r a c tiv e D a ta
M etho dologies
N a t io n a l
S ig n Up fo r
E -m a il U p da tes
In t e r n a t io n a l
» G ro s s D o m e s tic P r o d u c t
^ ervjgw _Pi-tfr £ -U ,S-Econom y:
Summary of most popular
indicators
« P e rso n al In co m e a n d
O u tla y s
® C o r p o r a te P r o f its
» F ix e d A s s e ts
» M o re ...
S e rv ic e s
® In te rn a tio n a l In v e s tm e n t
P-Qsitian
® D ir e c t I n v e s t m e n t
Real GDP:
38
120
05
62 0
95
+ . % in Q
( fin a l)
[R e le a s e d : /
/
]
*> M o r e . . .
+ 0.2% in May 2005
[ R e le a s e d :
R e g io n a l
In d u s try
» Annual .In d u stry
h^J/ijea.QO'/Zbeah^ie.html
W.
i
D e n r e ^ s e in
*
—
63 0
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]
I n t ‘1 T ra d e in G oods and
S ervices:
th,
e
f t,—
d e fic it
a
f
U P
August 2008
D-1
BEA Current and Historical Data
A selection of estimates from the national, industry, international, and regional accounts of the Bureau of Economic
Analysis (BEA) are presented in this section. BEA’s estimates are not copyrighted and may be reprinted without BEA’s
permission. Citing the S u r v e y o f C u r r e n t B u s i n e s s and BEA as the source is appreciated.
More detailed estimates from BEA’s accounts are available on BEA’s Web site at <www.bea.gov>. These estimates are
available in a variety of formats. In addition, news releases, articles, and other information, including methodologies
and working papers, are available.
The tables present annual [A], quarterly [Q], and monthly [M] data.
i n t e r n a t i o n a l
D
a t a
R
F. Transactions tables
E1 U.S. international transactions in goods
and services [A, M ].........................................D-2
E2 U.S. international transactions [A, Q].................D-3
E3 U.S. international transactions by area [Q]......... D-4
E4 Private services transactions [A]......................... D-7
G. Investment tables
D
a t a
1.1 Personal income [Q].........................................D-14
1.2 Personal income and per capita
personal income [A]......................................D-15
1.3 Disposable personal income and per capita
disposable personal income [A].................... D-16
1.4 Gross domestic product by state [A]..................D-17
[A ]
G.l U.S. international investment position...............D-8
G.2 USDIA: Selected items.......................................D-9
G.3 Selected financial and operating data of foreign
affiliates of U.S. companies.........................D-10
G.4 FDIUS: Selected items..................................... D-11
G.5 Selected financial and operating data of U.S.
affiliates of foreign companies.................... D-12
J. Local area table
J 1 Personal income and per capita personal income
.
by metropolitan area [A]...............................D-18
K. Charts
Selected regional estimates.
A
H. Charts
The United States in the international economy.....D-13
e g i o n a l
I. State and regional tables
p p
e n
d
. D-23
i x e s
A. Additional information about the NIPA estimates
Statistical conventions........................................... D-2 5
Reconciliation table [A, Q].................................... D-26
B. Suggested reading .......................................... D-27
As a result of the annual revision of the national income and product accounts
(NIPAs), the tables in sections A, B, C, and E and the NIPA charts in section D are
not included in this issue. See “National Income and Product Accounts Tables” and
“GDP and Other Major NIPA Series” in this issue.
August 2008
D-2
International Data
F .
T
r a n
s a c t i o
n
s
T
a b
l e s
Selected U.S. international transactions tables are presented in this section. For BEA’s full set of detailed estimates of U.S.
international transactions, visit BEA’s Web site at <www.bea.gov>.
T a b le F .1 . U .S . I n t e r n a t i o n a l T r a n s a c t i o n s in G o o d s a n d S e r v i c e s
[Millions of dollars, m onthly estim ates seaso n ally adjusted]
2007
2008
2006
2007
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
March
April
May r
June p
E x ports o f g o o d s a n d s e r v ic e s ...........................................
1,457,014
1,645,726
133,687
135,744
139,982
142,113
142,778
144,108
145,214
146,144
150,213
153,478
150,579
156,155
158,033
164,415
G o o d s ......................................................................................
Foods, feeds, and beverages............................................
Industrial supplies and m aterials.....................................
Capital goods, except automotive....................................
Automotive vehicles, parts, and engines........................
Consumer goods (nonfood), except automotive , ,,
Other goods...........................................................................
Adjustments 1 ................................
1,023,109
65,962
276,045
414,986
106,977
129,074
43,589
-1 3 ,5 2 5
1,148,481
84,264
316,335
447,433
121,045
146,102
47,300
-1 3 ,9 9 9
93,411
6,475
25,874
36,655
9,861
12,087
3,707
-1 ,2 4 8
94,867
6,677
26,979
36,711
9,945
11,837
3,815
-1 ,0 9 7
97,502
6,912
26,466
38,225
10,853
12,349
3,864
-1 ,1 6 7
98,524
7,505
27,365
38,108
10,282
12,440
3,901
-1 ,0 7 6
99,468
8,054
27,636
38,095
10,428
12,614
3,542
-9 0 0
100,371
7,700
27,555
38,991
10,502
12,480
4,186
-1 ,0 4 3
100,968
7,967
27,994
38,815
10,836
12,346
4,443
-1 ,4 3 3
101,842
7,986
28,704
39,404
10,101
12,802
3,909
-1 ,0 6 5
104,686
8,629
29,729
39,377
10,328
13,281
4,137
-7 9 6
108,098
9,113
31,775
39,331
10,826
13,364
4,594
-9 0 6
105,029
9,599
31,549
37,831
9,442
12,586
4,533
-5 1 2
110,059
9,864
32,724
40,111
10,032
13,426
4,678
-7 7 6
110,998
9,663
34,178
39,439
10,218
13,422
4,624
116,701
10,516
36,940
40,627
10,794
14,144
4,437
-7 5 8
433,905
85,720
22,036
46,323
72,191
189,050
17,430
1,155
497,245
96,712
25,586
51,586
82,614
2 23,483
16,052
1,212
40,276
7,740
2,007
4,231
6,607
18,182
1,414
96
40,877
7,828
2,025
4,230
6,793
18,626
1,281
95
42,480
8,292
43,310
8,481
2,210
4,366
7,408
19,472
1,268
105
43,737
8,753
2,379
4,483
7,258
19,568
1,190
106
44,246
8,866
2,399
4,695
7,265
19,725
1,188
107
44,302
8,880
2,481
4,611
7,294
19,765
1,163
107
45,527
8,843
2,376
4,995
7,353
20,202
1,653
105
45,381
9,002
2,375
4,970
7,418
20,189
1,322
105
45,550
9,003
2,437
4,956
7,497
20,460
1,093
104
46,096
9,082
2,506
5,181
7,575
2 0,437
1,211
104
47,035
9,487
2,155
4,326
7,191
19,090
1,324
101
43,589
8,468
2,165
4,389
7,341
19,834
1,289
103
2,586
5,276
7,691
20 ,689
1,202
104
47,714
9,546
2,701
5,377
7,815
20 ,9 68
1,204
104
Im p o rts of g o o d s a nd s e rv ic e s ............................................
2,210,298
2,345,983
193,122
194,869
197,299
197,446
198,243
200,441
205,084
203,722
208,069
214,052
207,070
216,653
217,237
221,187
G o o d s ......................................................................................
Foods, feeds, and beverages............................................
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, parts, and engines........................
Consumer goods (nonfood), except autom otive.........
Other g oods......................................'....................................
Adjustments 1 .......................................................................
1,861,380
74,938
601,988
418,259
256,627
442,639
59,487
7,441
1,967,853
81,683
634,746
444,486
258,920
474,892
62,234
10,892
161,883
6,720
52,042
36,672
20,732
39,429
5,167
1,122
163,528
6,755
52,826
37,186
21,425
39,490
5,205
641
165,296
6,883
53,548
37,228
22,233
39,056
5,268
1,081
165,196
6,963
53,483
37,283
21,928
39,231
5,272
1,035
166,207
6,963
53,505
37,907
22,075
39,377
5,284
1,094
168,084
6,922
55,139
37,704
22,170
39,975
5,299
876
172,664
7,102
59,198
37,851
22,099
40,314
5,468
632
171,350
6,907
60,310
37,712
20,722
39,727
5,168
804
174,833
7,081
63,954
37,446
21,229
39,059
5,272
794
180,580
7,183
64,510
38,272
22,794
40,963
5,201
1,657
173,432
7,088
61,521
37,882
20,299
39,531
5,526
1,584
183,009
7,379
67,502
39,112
2 1,474
4 0,194
5,757
183,109 186,730
7,640
7,496
67,067
72,663
39,782
38,412
20,472
20,532
41,840
41,263
5,554
5,653
754
711
S e r v ic e s ..................................................................................
Travel.....................
Passenger fares..
Other transportation.............................................................
Royalties and license f e e s .................................................
Other private services.........................................................
Direct defense expen d itu res2...........................................
U.S. Government miscellaneous services....................
348,918
72,104
27,501
65,262
23,777
125,221
31,032
4,021
378,130
76,167
28,486
67,050
25,048
144,375
32,820
4,184
31,239
6,286
2,309
5,706
2,083
11,818
2,697
339
31,341
6,315
2,374
5,565
2,061
11,981
2,706
339
32,003
6,345
2,435
5,848
2,066
12,274
2,681
353
32,250
6,450
2,501
5,746
2,052
12,439
2,704
357
32,036
6,452
2,486
5,524
2,036
12,431
2,747
359
32,357
32,420
6,547
6,519
2,447
2,440
5,752
5,718
1,996
1,992
12,447
12,438
2,857 '
2,902
360
360
32,372
6,467
2,477
5,671
2,002
12,465
2,929
361
33,236
6,702
2,664
5,935
2,049
12,604
2,921
360
33,471
6,738
2,678
6,040
2,071
12,654
2,929
361
33,638
6,884
2,709
5,888
2,089
12,774
2,933
361
33,644
6 ,706
2 ,657
6,001
2,097
12,888
2,936
360
M em oranda:
Balance on g o o d s .....................................................................
Balance on services.................................................................
Balance on goods and services............................................
-8 3 8 ,2 7 0
84,987
-7 5 3 ,2 8 3
-8 1 9 ,3 7 3
119,115
-7 0 0 ,2 5 8
-6 8 ,4 7 2
9,037
-5 9 ,4 3 5
-6 8 ,6 6 1
9,536
-5 9 ,1 2 5
-6 7 ,7 9 4
10,477
-5 7 ,3 1 7
-6 6 ,6 7 2
11,339
-5 5 ,3 3 3
-6 6 ,7 3 8
11,274
-5 5 ,4 6 4
-7 1 ,6 9 7
11,826
-59,8 7 1
-6 9 ,5 0 9
11,930
-5 7 ,5 7 9
-7 0 ,1 4 7
12,291
-5 7 ,8 5 6
-7 2 ,4 8 3
11,909
-6 0 ,5 7 3
-6 8 ,4 0 3
11,911
-56 ,4 9 1
-7 2 ,9 5 0
12,452
-6 0 ,4 9 8
S e r v ic e s .......................................................................
Travel.....................
Passenger fares..
Other transportation............................................................
Royalties and license f e e s .................................................
Other private services.........................................................
Transfers under U.S. military agency sales contracts 2
U.S. Government miscellaneous services....................
-6 7 ,7 1 3
11,380
-5 6 ,3 3 3
p Preliminary
tions used to prepare BEA’s international and national accounts,
r Revised
2. Contains goods that cannot be separately identified.
1. Reflects adjustments necessary to bring the Census Bureau’s component data in line with the concepts and definiSource: U.S. Bureau of Economic Analysis and U.S. Census Bureau.
1,590
-5 4 6
34,128
6,915
2,688
6,106
2,114
13,012
2,934
359
34,457
6,911
2,806
6,119
2,135
13,147
2,980
360
-7 2,1 1 1 -7 0 ,0 2 9
12,907
13,257
-5 9 ,2 0 4 -5 6 ,7 7 2
August 2008
Survey of Current Business
D-3
T a b l e F .2 . U .S . I n t e r n a t i o n a l T r a n s a c t i o n s
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits - )
2006
2007
2007
I
II
Seasonally adjusted
2008
III
IV
I p
2007
I
II
2008
III
IV
I p
C u rrent a c c o u n t
1 Exports o f g o o d s a n d se rv ice s a n d in c o m e re c e ip ts .................................................
2,142,164
2,463,505
566,539
608,364
634,480
654,122
646,345
572,182
602,122
638,393
650,808
2
Exports of goods and services.............................................................................................
1,457,015
1,645,726
381,201
404,467
420,832
439,225
448,709
385,436
399,951
424,87 3
435,46 5
454,271
3
Goods, balance of payments b a s is ...............................................................................
1,023,109
1,148,481
267,716
285,008
287,925
307,832
315,351
270,318
279,488
295,49 4
3 03,180
31 7 ,81 3
4
5
Services ................................................................................................................................
Transfers under U.S. military agency sales contracts ..........................................
433,905
17,430
497,245
16,052
113,485
4,629
119,459
4,000
132,908
3,881
131,393
3,542
133,358
4,068
115,118
4,629
120,463
4,000
129,378
3,881
132,285
3,542
136,458
4,068
6
/
8
9
10
11
Travel..................................................................................................................................
Passenger fa re s ..............................................................................................................
Other transportation.......................................................................................................
Royalties and license fees .........
Other private s e rv ic e s ..................
U.S. government miscellaneous services................................................................
85,720
22,036
46,323
72,191
189,050
1,155
96,712
25,586
51,586
82,614
223,483
1,212
19,658
5,529
11,873
18,490
53,010
296
24,387
5,848
12,575
19,683
5 2,679
288
29,159
6,868
13,018
21,588
5 8,084
309
23,508
7,340
14,120
22,853
59,710
320
23,958
6,680
14,531
21,607
62,200
314
21,818
5,800
12,076
18,991
5 1,508
296
23,154
5,996
12,639
19,866
54,521
288
25,241
6,530
13,081
21,9 40
58,396
309
26,499
7,259
13,790
21,817
59,058
320
2 6,848
7,188
14,922
2 2 ,267
6 0,850
314
12
13
14
1b
16
1/
Income receipts........................................
Income receipts on U.S.-owned assets abroad...........................................................
Direct investment receipts
Other private receipts......
U.S. government receipts
Compensation of em ployees............................................................................................
685,150
682,270
328,543
3 51,327
2,400
2,880
817,779
814,807
368,275
444,299
2,233
2,972
185,339
184,606
8 1,973
102,063
570
733
203,897
203,160
9 1,434
111,187
539
737
213,647
212,901
95,105
117,275
521
746
214,897
214,141
99,764
113,774
603
756
197,636
196,879
95,276
100,831
772
757
186,746
186,013
83,391
102,063
559
733
202,171
201,434
89,673
111,187
574
737
213,520
212,774
94,953
117,275
546
746
215,343
2 14,587
100,259
113,774
554
756
199,457
198,700
97,094
100,831
775
757
18 Im p o rts o f g o o d s a n d se rv ice s a n d inc o m e p a y m e n ts .............................................
-2,838,254
-3,082,014
-713,978 -777,437 -793,312 -797,288
-770,618
-738,938
-771,262 -783,548
-788,264
-798,877
Imports of goods and services.............................................................................................. -2 ,2 1 0 ,2 9 8
-2 ,3 4 5 ,9 8 4
-5 4 1 ,0 5 0 -5 8 3 ,7 0 5
-6 0 3 ,2 4 6
-6 1 7 ,9 8 3
-6 0 2 ,1 8 2
-5 6 4 ,9 7 9
-5 7 8 ,7 7 0
-5 9 2 ,9 8 6
-6 0 9 ,2 4 8
-6 2 9 ,1 9 1
-4 5 4 ,4 2 4 -4 8 7 ,3 0 4 -5 0 3 ,5 1 3
-5 2 2 ,6 1 2
-5 0 7 ,0 1 7
-4 7 3 ,6 8 1
-4 8 5 ,3 7 5
-4 9 6 ,6 9 8
-5 1 2 ,0 9 9
-5 2 8 ,8 4 5
19
653,728
20
Goods, balance of payments b a s is ...............................................................................
-1 ,8 6 1 ,3 8 0
-1 ,9 6 7 ,8 5 3
21
22
S e r v ic e s ................................................................................................................................
Direct defense expenditures.........................................................................................
-3 4 8 ,9 1 8
-3 1 ,0 3 2
-3 7 8 ,1 3 0
-3 2 ,8 2 0
-8 6 ,6 2 6
-7 ,9 1 5
-9 6 ,4 0 1
-8 ,0 8 5
-9 9 ,7 3 3
-8 ,1 3 2
-95 ,3 7 1
-8 ,6 8 8
-9 5 ,1 6 5
-8 ,7 8 3
-9 1 ,2 9 8
-7 ,9 1 5
-9 3 ,3 9 5
-8 ,0 8 5
-9 6 ,2 8 8
-8 ,1 3 2
-9 7 ,1 4 9
-8 ,6 8 8
-1 0 0 ,3 4 6
- 8 ,7 8 3
-7 2 ,1 0 4
-27 ,5 0 1
-6 5 ,2 6 2
-7 6 ,1 6 7
-2 8 ,4 8 6
-6 7 ,0 5 0
-1 5 ,8 3 7
-6 ,1 5 8
-1 5 ,5 7 0
-2 1 ,3 9 0
-7 ,5 8 8
-1 6 ,9 0 3
-2 1 ,9 1 6
-7 ,8 4 1
-1 7 ,4 7 6
-1 7 ,0 2 4
-6 ,8 9 9
-1 7 ,1 0 1
-1 7 ,4 3 4
-7 ,3 7 2
-1 7 ,2 1 2
-1 8 ,5 3 8
-6 ,7 2 1
-1 6 ,0 2 2
-1 8 ,8 4 9
-6 ,9 7 9
-1 6 ,7 6 7
-1 9 ,2 4 7
-7 ,4 2 2
-1 7 ,1 1 9
-1 9 ,5 3 3
-7 ,3 6 4
-1 7 ,1 4 2
- 2 0 ,3 2 4
-8 ,0 5 1
-1 7 ,8 6 4
-6 ,3 8 6
-3 3 ,7 4 4
-1 ,0 1 6
-6 ,0 1 1
-3 5 ,4 0 6
-1 ,0 1 8
-6 ,0 0 4
-3 7 ,2 9 4
-1 ,0 6 9
-6 ,6 4 6
-3 7 ,9 3 1
-1,081
-6 ,0 0 2
-3 7 ,2 7 9
-1 ,0 8 2
-6 ,6 4 3
-3 4 ,4 4 4
-1 ,0 1 6
-6 ,2 6 0
-3 5 ,4 3 7
-1 ,0 1 8
-6 ,1 5 5
-3 7 ,1 4 5
-1 ,0 6 9
-5 ,9 9 1
-3 7 ,3 5 0
-1 ,0 8 1
-6 ,2 0 9
-3 8 ,0 3 2
-1 ,0 8 2
-1 7 2 ,9 2 8 -1 9 3 ,7 3 2 -1 9 0 ,0 6 6
-1 7 0 ,5 2 9 -1 9 1 ,3 5 3 -1 8 7 ,6 0 2
-3 2 ,0 9 7
-4 1 ,9 8 2
-3 4 ,8 0 0
-9 9 ,3 7 3 -1 0 7 ,9 6 3 -1 1 0 ,8 9 8
-3 9 ,0 5 9
-4 1 ,4 0 8
-4 1 ,9 0 4
-2 ,3 9 9
-2 ,3 7 9
-2 ,4 6 4
-1 7 9 ,3 0 5
-1 7 6 ,5 4 8
-2 5 ,5 3 6
-1 0 8 ,2 8 1
-4 2 ,7 3 1
-2 ,7 5 7
-1 6 8 ,4 3 6
-1 6 5 ,9 2 2
-29 ,0 4 1
-9 4 ,1 0 3
-4 2 ,7 7 8
-2 ,5 1 4
-1 7 3 ,9 5 9
-1 7 1 ,5 6 0
-3 3 ,1 2 8
-9 9 ,3 7 3
-3 9 ,0 5 9
-2 ,3 9 9
-1 9 2 ,4 9 2 -1 9 0 ,5 6 2
-1 8 9 ,9 9 1 -1 8 8 ,0 4 5
-4 0 ,6 2 0
-3 5 ,2 4 3
-1 0 7 ,9 6 3 -1 1 0 ,8 9 8
-4 1 ,4 0 8
-4 1 ,9 0 4
-2 ,5 0 1
-2 ,5 1 7
-1 7 9 ,0 1 6
-1 7 6 ,4 3 6
-2 5 ,4 2 4
-1 0 8 ,2 8 1
-4 2 ,7 3 1
-2 ,5 8 0
-1 6 9 ,6 8 6
- 1 6 7 ,1 2 5
- 3 0 ,2 4 4
-9 4 ,1 0 3
-4 2 ,7 7 8
-2 ,5 6 1
-30,171
-9 ,9 5 0
-2 ,7 4 6
-1 7 ,4 7 5
-31,872
-1 0 ,1 5 8
-1 ,6 8 4
-2 0 ,0 3 0
-30,174
-1 0 ,5 6 7
-1 ,8 0 5
-1 7 ,8 0 2
-24,953
-5 ,6 1 1
-1 ,8 3 4
-1 7 ,5 0 8
-27,796
-7 ,1 0 9
-1 ,8 3 7
-1 8 ,8 5 0
-29,784
-9 ,9 5 0
-1 ,8 4 9
-1 7 ,9 8 5
-31,227
-1 0 ,1 5 8
-1 ,9 5 4
- 1 9 ,1 1 6
-571
-597
-543
-112
-617
-571
-597
-523,556 -170,476
26
-5 4
0
0
-3 7
-3 9
294
230
-2 2 9
-2 4 7
-153,757
-2 2
0
-3 5
285
-2 7 2
-286,627
-2 7 6
0
-2 9
112
-3 5 9
623
-1 8 2
780
25
-2 2 ,7 4 4
-2 7 9
1,546
-2 4 ,0 1 1
3,346
-2 2 8
601
2,973
-1 7 1 ,0 4 5
-6 2 ,0 4 3
-1 0 0 ,3 1 7
-1 3 4 ,7 1 3
80,012
-2 0 9 ,9 8 5
-8 8 ,6 9 7
-1 3 0 ,9 9 0
-1 1 0 ,9 0 5
-4 ,2 0 2
100,043
-1 1 5 ,9 2 6
-2 8 9 ,6 9 7
-8 5 ,6 0 8
-3 8 ,8 2 6
53,644
-2 1 8 ,9 0 7
23
24
26
Travel....................................
Passenger fa re s ...............
Other transportation........
26
2/
28
Royalties and license fees ..........................................................................................
Other private services ....
U.S. government miscellaneous services................................................................
-2 3 ,7 7 7
-1 2 5 ,2 2 1
-4 ,0 2 1
-2 5 ,0 4 8
-1 4 4 ,3 7 5
-4 ,1 8 4
29
30
31
32
33
34
Income paym ents.....................................................................................................................
Income payments on foreign-owned assets in the United States...........................
Direct investment p aym ents.........................................................................................
O ther private payments...
U.S. government paym ents..........................................................................................
Compensation of em ployees............................................................................................
-6 2 7 ,9 5 6
-6 1 8 ,4 6 6
-1 4 4 ,3 9 7
-3 3 9 ,0 8 8
-134,981
-9 ,4 8 9
-7 3 6 ,0 3 0
-726,031
-1 3 4 ,4 1 4
-4 2 6 ,5 1 5
-1 6 5 ,1 0 2
-9 ,9 9 9
35 U nilateral c urrent transfers, n e t .........................................................................................
36
U.S. government grants ........................................................................................................
3/
U.S. government pensions and other transfers................................................................
38
Private remittances and other transfers ............................................................................
-92,027
-2 7 ,1 4 2
-6 ,5 0 8
-5 8 ,3 7 7
-112,705
-3 3 ,2 3 7
-7 ,3 2 3
-7 2 ,1 4 5
-30,543
-1 0 ,5 6 7
-1 ,5 4 0
-1 8 ,4 3 6
-1 6 ,9 1 0
-27,693
-7 ,1 0 9
-1 ,2 6 0
-1 9 ,3 2 4
-3,880
-1,843
-543
-112
-617
40 U.S.-owned a s s e ts a b ro ad , exc lud in g fina nc ia l derivatives (increase/financial
o u tflow (- ))........................................................................................................................... -1,251,749
U.S. official reserve assets...............................................
2,374
Gold ..................................................................................
0
Special drawing rights...................................................
-2 2 3
R eserve position in the International Monetary F u n d ...............................................
3,331
Foreign currencies..........................................................
-7 3 4
-1,289,854
-1 2 2
0
-1 5 4
1,021
-9 8 9
-24,299
-5 ,6 1 1
-1 ,7 7 7
C apital a c c o u n t
39 C a pital a c c o u n t tra n s a c tio n s , n e t.....................................................................................
F inancial a c c o u n t
41
42
43
44
4b
46
4/
48
49
U.S. government assets, other than official reserve a s s e ts .........................................
U.S. credits and other long-term assets...................
Repayments on U.S. credits and other long-term assets .......................................
U.S. foreign currency holdings and U.S. short-term assets......................................
5,346
-2 ,9 9 2
8,329
9
-2 2 ,2 7 3
-2 ,4 7 5
4,104
-2 3 ,9 0 2
50
b1
b2
b3
64
U.S. private a s s e ts ................................................................................................................... -1 ,2 5 9 ,4 6 9
Direct investment..................................................................................................................
-2 4 1 ,2 4 4
Foreign securities................................................................................................................
-3 6 5 ,2 0 4
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
-1 6 4 ,5 9 7
U.S. claims reported by U.S. banks, not included elsew here..................................
-4 8 8 ,4 2 4
-1 ,2 6 7 ,4 5 9
-333,271
-288,731
-7 0 6
-644,751
55 Foreign-ow ned a s s e ts in th e U nited S tates, e xc lud in g fin a n c ia l derivatives
(increase /fin ancial inflow (+)).........................................................................................
-448,713 -526,163 -179,448 -135,529
-7 2
26
-5 4
-2 2
0
0
0
0
-3 9
-3 7
-4 3
-3 5
294
212
230
285
-2 4 1
-2 2 9
-2 4 7
-2 7 2
-2 2 ,7 4 4
-2 7 9
1,546
-24 ,0 1 1
3,346
-2 2 8
601
2,973
445
-6 0 8
1,091
-3 8
-5 9 6
-1 ,4 0 5
687
122
-4 4 9 ,0 8 6 -5 2 5 ,5 9 3 -1 8 0 ,0 1 7 -1 1 2 ,7 6 3
-9 6 ,2 2 4
-7 3 ,3 5 4
-9 2 ,6 7 8
-7 1 ,0 1 5
-8 4 ,6 7 1 -1 0 0 ,3 1 7
-99 ,5 4 1
-4 ,2 0 2
-1 3 4 ,7 1 3
80,012
-4 6 ,0 4 8
100,043
-2 3 0 ,1 4 3 -2 0 9 ,9 8 5
-8 8 ,6 9 7 -1 1 5 ,9 2 6
-3 0 0 ,5 7 9
-9 6 ,4 9 0
-3 8 ,8 2 6
53,644
-2 1 8 ,9 0 7
-4 4 2 ,4 3 8
-6 6 ,7 0 6
-99 ,5 4 1
-4 6 ,0 4 8
-2 3 0 ,1 4 3
-5 2 2 ,9 8 5
-9 3 ,6 1 6
-8 4 ,6 7 1
445
-6 0 8
1,091
-3 8
-5 9 6
-1 ,4 0 5
687
122
-297,509 -442,065
-7 2
-2 7 6
0
0
-2 9
-4 3
212
112
-2 4 1
-3 5 9
623
-1 8 2
780
25
2,061,113
2,057,703
692,604
720,720
267,216
377,162
411,125
692,713
718,112
266,476
380,402
410,962
56
6/
58
69
60
61
62
Foreign official assets in the United S ta te s .......................................................................
U.S. government securities..............................................................................................
U.S. Treasury securities .
O t h e r ..................................
O ther U.S. government liabilities....................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere...............................
Other foreign official assets ............................................................................................
487,939
428,401
208,564
219,837
2,816
22,365
34,357
411,058
230,330
58,865
171,465
5,342
108,695
66,691
163,270
121,640
40,337
81,303
366
30,329
10,935
88,822
61,641
1,610
60,031
-6 9
15,956
11,294
13,469
-7 ,7 8 8
-2 5 ,8 1 0
18,022
913
9,873
10,471
145,497
54,837
42,728
12,109
4,132
52,537
163,270
121,640
40,337
81,303
366
30,329
10,935
88,822
61,641
1,610
60,031
-6 9
15,956
11,294
13,469
-7 ,7 8 8
-2 5 ,8 1 0
18,022
913
9,873
10,471
145,497
54,837
42 ,728
12,109
4,132
52,537
33,991
173,501
167,682
88,647
79,035
1,792
-2 6 ,9 0 6
30,933
33,991
173,501
167,682
8 8,6 47
7 9,0 35
1,792
-2 6 ,9 0 6
30,933
63
64
65
66
6/
68
69
Other foreign assets in the United S tates..........................................................................
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...............................
1,573,174
1,646,645
2 37,542
156,825
573,850
-1 0 ,6 7 5
156,290
532,813
529,334
13,917
42,882
183,507
-6 ,1 6 5
90,061
205,132
631,898
64,470
-1 3 ,5 2 2
310,340
-1 ,6 3 5
122,476
149,769
253,747
231,665
52,506
106,648
67,406
60,059
110,489
-3 0 ,4 8 6
-3 ,5 3 0
655
55,599 -1 1 1 ,8 4 6
123,987
53,925
237,624
46,790
68,932
-2 0 ,1 1 5
-9 1 4
57,185
85,746
529,443
14,026
42,882
183,507
-6 ,1 6 5
90,061
205,132
629,290
61,862
-1 3 ,5 2 2
310,340
-1 ,6 3 5
122,476
149,769
253,007
105,908
67,406
-3 0 ,4 8 6
655
55,599
53,925
2 34,905
55,746
60,059
110,489
-3 ,5 3 0
-1 1 1 ,8 4 6
123,987
237,461
4 6,627
6 8,932
-2 0 ,1 1 5
-9 1 4
57,185
85,746
241,961
-5 8 ,2 0 4
683,363
2,227
242,727
461,100
70 F inancial derivatives, n e t.....................................................................................................
29,710
6,496
14,795
-1,007
5,942
-13,234
n.a.
14,795
-1,007
5,942
-13,234
n.a.
71 Statistical discre pan cy (s u m o f above item s w ith s ig n rev e rse d )..........................
/1 a
Seasonal adjustment discrepancy.....................................................................
-47,078
-41,287
-80,161
-66
93,431
-54,491
43,126
-67,970
12,192
656
722
71,627
-2 1 ,8 0 5
-45,600
8,892
52,638
9,512
-8 3 8 ,2 7 0
84,987
-7 5 3 ,2 8 3
57,194
-9 2 ,0 2 7
-7 8 8 ,1 1 6
-8 1 9 ,3 7 3
119,115
-7 0 0 ,2 5 8
81,749
-1 1 2 ,7 0 5
-7 3 1 ,2 1 4
-1 8 6 ,7 0 8 -2 0 2 ,2 9 6 -2 1 5 ,5 8 8 -2 1 4 ,7 8 0
26,859
23,058
36,023
3 3,175
-1 5 9 ,8 4 9 -1 7 9 ,2 3 8 -1 8 2 ,4 1 4 -1 7 8 ,7 5 7
10,165
35,592
12,410
23,582
-3 0 ,5 4 3 -2 4 ,2 9 9
-3 0 ,1 7 1
-2 7 ,6 9 3
-1 7 7 ,9 8 2 -1 9 3 ,3 7 2 -1 8 6 ,5 2 5 -1 7 3 ,3 3 6
-1 9 1 ,6 6 6
38,193
-1 5 3 ,4 7 3
29,201
-3 1 ,8 7 2
-1 5 6 ,1 4 4
-2 0 3 ,3 6 3
23,820
-1 7 9 ,5 4 3
12,787
-3 0 ,1 7 4
-1 9 6 ,9 3 0
-2 0 5 ,8 8 7 -2 0 1 ,2 0 4
27,068
33,090
-1 7 8 ,8 1 9 -1 6 8 ,1 1 4
9,679
22,958
-2 4 ,9 5 3
-2 7 ,7 9 6
-1 9 4 ,0 9 3 -1 7 2 ,9 5 2
-2 0 8 ,9 1 9
35 ,136
-1 7 3 ,7 8 3
36,327
-2 9 ,7 8 4
-1 67 ,2 41
-2 1 1 ,0 3 2
36 ,112
-1 7 4 ,9 2 0
29,771
- 3 1 ,2 2 7
-1 7 6 ,3 7 6
O hh
fwc:
i
72
/3
/4
/5
/6
//
M em oranda:
Balance on goods (lines 3 and 2 0 )...........................................................................................
Balance on services (lines 4 and 2 1 ) .......................................................................................
Balance on goods and services (lines 2 and 1 9 ) .................................................................
Balance on income (lines 12 and 2 9 ) .......................................................................................
Unilateral current transfers, net (line 3 5 ) .................................................................................
Balance on current account (lines 1 ,1 8 , and 35 or lines 74, 75, and 7 6 )......................
p Preliminary
D-4
August 2008
International Data
Table F.3. U.S. International Transactions, by Area—Continues
[M illio n s o f do lla rs]
European Union
Europe
Line
Euro area
United Kingdom
(Credits +; debits - )
2007:IV
2007: IV
2008:1 p
2007:IV
2008:1 o
2007: IV
2008:1 p
2008:1 p
C u rrent a c c o u n t
1 E x p orts of g o o d s a n d s ervices a n d in c o m e r e c e ip ts ......................................................................
234,701
231,153
204,460
198,112
129,448
128,149
63,905
59,101
2
Exports of goods and services....................................................................................................................
127,537
135,350
110,545
114,705
75,084
78,028
27,935
29,302
3
Goods, balance of payments b a s is .......................................................................................................
71,813
81,372
62,065
6 8,047
46,200
50,291
11,871
13,965
4
5
S e rvices........................................................................................................................................................
Transfers under U.S. military agency sales contracts..................................................................
55,724
844
53,979
1,004
48,479
585
46,658
681
28,883
265
27,736
302
16,064
97
15,337
95
6
7
8
Travel...................
Passenger fares
Other transportation..............................................................................................................................
7,797
2,545
5,247
7,092
1,781
5,414
7,171
2,349
4,675
6,498
1,617
4,740
3,510
1,156
2,613
3,000
826
2,670
3,059
1,093
1,189
2,862
631
1,273
9
10
11
Royalties and license fe e s ...................................................................................................................
O ther private services..........................................................................................................................
U.S. government miscellaneous services.......................................................................................
13,120
26,093
77
12,411
26,206
71
10,722
22,919
57
10,120
22,946
56
8,238
13,064
37
7,836
13,066
37
2,311
8,299
16
2,212
8,251
14
12
13
14
Income receipts...............................................................................................................................................
Income receipts on U.S.-owned assets abroad..................................................................................
Direct investment receipts.......................
Other private receipts...........................................................................................................................
U.S. government receipts......................................
Compensation of em ployees....................................
107,164
107,051
47,622
59,143
286
113
95,803
95,691
43,958
51,200
533
112
93,915
93,823
40,317
54,365
54,313
30,325
23,736
252
52
50,122
50,071
27,552
53,253
253
92
83,407
83,316
36,655
46,190
471
91
35,970
35,944
8,506
27,438
0
26
29,799
2 9,774
7,638
22,136
0
25
15
16
17
22,186
333
51
18 Im p o rts of g o o d s a n d se rv ice s a n d inc o m e p ay m e n ts
-235,631
-232,123
-202,954
-195,916
-132,614
-126,469
-55,713
-55,660
19
-1 5 0 ,2 2 5
-1 4 7 ,5 4 6
-1 2 9 ,4 5 1
-1 2 5 ,2 0 2
-9 1 ,8 2 7
-89 ,6 0 1
-2 5 ,9 2 0
-2 4 ,6 0 7
Imports of goods and services......................................
20
Goods, balance of payments b a s is .......................................................................................................
-1 0 8 ,5 1 7
-106,381
-9 3 ,3 8 2
-8 9 ,6 1 4
-7 0 ,2 8 7
-6 8 ,1 9 5
-1 5 ,0 5 8
-1 3 ,7 3 9
21
22
S e rvice s........................................................................................................................................................
Direct defense expenditures...............................................................................................................
-4 1 ,7 0 8
-3 ,5 1 0
-4 1 ,1 6 5
-3 ,4 5 0
-3 6 ,0 6 9
-3 ,1 0 3
-3 5 ,5 8 8
-3 ,0 7 0
-2 1 ,5 4 0
-2 ,6 2 8
-2 1 ,4 0 6
-2 ,6 4 0
-1 0 ,8 6 2
-4 2 6
-1 0 ,8 6 8
-3 8 0
23
24
25
Travel.........................................................................................................................................................
Passenger fa re s .....................................................................................................................................
O ther transportation......
-4 ,4 1 9
-2 ,9 2 9
-6 ,7 0 1
-4 ,3 3 3
-3 ,3 3 7
-6 ,6 5 4
-4 ,0 6 9
-2 ,7 7 9
-5 ,8 7 2
-3 ,9 4 8
-3 ,1 1 5
-5 ,8 5 5
-2,691
-1 ,6 9 9
-3 ,5 1 5
-2 ,5 9 9
-1 ,8 8 8
-3 ,5 1 9
-1 ,0 9 2
-9 5 2
-1 ,2 1 2
-1 ,1 6 0
-1 ,0 9 9
-1 ,2 0 9
26
27
28
Royalties and license fe e s ...................................................................................................................
O ther private services..........................................................................................................................
U.S. government miscellaneous services......................................................................................
-4 ,1 2 5
-1 9 ,4 8 3
-5 4 1
-3 ,7 8 0
-1 9 ,0 8 4
-5 2 8
-3 ,2 8 9
-16,5 5 1
-4 0 5
-3 ,0 5 5
-1 6 ,1 3 7
-4 0 7
-1 ,2 1 2
-9 ,4 5 2
-3 4 3
-1 ,1 9 5
-9 ,2 3 5
-3 3 0
-6 1 3
-6 ,5 1 6
-5 1
-6 0 9
-6 ,3 4 6
-6 5
29
30
31
32
33
34
Income paym ents............................................................................................................................................
Income payments on foreign-owned assets in the United S tates..................................................
Direct investment paym ents...............................................................................................................
Other private paym ents........................................................................................................................
U.S. government paym ents................................................................................................................
Compensation of em ployees...................................................................................................................
-8 5 ,4 0 6
-85 ,2 3 1
-1 4 ,9 6 6
-6 0 ,2 3 9
-1 0 ,0 2 6
-1 7 4
-8 4 ,5 7 7
-8 4 ,3 9 8
-2 0 ,9 9 2
-5 2 ,7 9 7
-1 0 ,6 0 9
-1 7 9
-7 3 ,5 0 3
-7 3 ,3 7 0
-1 1 ,2 0 0
-5 4 ,8 9 8
-7 ,2 7 2
-1 3 3
-7 0 ,7 1 5
-7 0 ,5 7 8
-1 4 ,6 8 2
-4 8 ,2 7 6
-7 ,6 2 0
-1 3 7
-4 0 ,7 8 7
-4 0 ,6 9 6
-1 0 ,3 8 0
-2 6 ,2 4 0
-4 ,0 7 6
-9 1
-3 6 ,8 6 9
-3 6 ,7 7 6
-8 ,2 8 3
-2 4 ,4 6 9
-4 ,0 2 4
-9 3
-2 9 ,7 9 3
-2 9 ,7 6 4
470
-2 7 ,6 5 3
-2,581
-2 8
-3 1 ,0 5 2
-3 1 ,0 2 3
-5 ,2 1 3
-2 2 ,7 9 0
-3 ,0 2 0
-2 9
35 U nilateral current transfers, n e t ......................
36
U.S. government grants.....................................
37
U.S. government pensions and other transfers......................................................................................
Private remittances and other transfers........
38
-2,216
-4 3 0
-4 5 7
-1 ,3 2 9
-3,513
-5 0 9
-4 6 2
-2 ,5 4 2
-525
-4 3
-4 2 5
-5 7
-1,688
-2 2
-4 2 9
-1 ,2 3 7
-2,245
-3
-3 2 3
-1 ,9 1 9
-2,328
-3
-3 0 0
-2 ,0 2 5
1,863
0
-7 0
1,933
847
0
-7 0
917
-223
-224
-120
-121
-65
-67
-15
-15
-113,742
-169,085
-96,072
-181,541
-94,634
-132,546
-1,320
-34,593
-2 4 9
0
-3 1 6
0
-1 8 5
0
-2 4 9
0
-1 8 5
0
-2 4 9
0
0
0
0
0
C a pital a c c o u n t
39 C a p ital a c c o u n t tra n s a ctio n s , n e t...........................................................................................................
Fina nc ia l a c c o u n t
40 U.S.-owned a s s e ts a b ro ad , e x c lud in g fin a n c ia l derivatives (increase/financial outflow (-))
41
42
43
44
45
U.S. official reserve asse ts...........................................................................................................................
Gold.................................................................................
-2 4 9
-3 1 6
-1 8 5
-2 4 9
-1 8 5
-2 4 9
46
47
48
49
U.S. government assets, other than official reserve a s s e ts ................................................................
U.S. credits and other long-term a ssets...............................................................................................
Repayments on U.S. credits and other long-term assets................................................................
U.S. foreign currency holdings and U.S. short-term assets............................................................
-2 3 ,5 4 8
-1 0 7
549
-2 3 ,9 9 0
3,111
-1 2
125
2,998
-1 9 ,9 8 4
-7 4
82
-1 9 ,9 9 2
5,030
0
31
4,999
-1 9 ,9 8 8
0
7
-1 9 ,9 9 5
3,027
0
27
3,000
-1
0
0
-1
-1
0
0
-1
50
51
52
53
54
U.S. private a s s e ts ..........................................................................................................................................
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 elsew here.........................................................
-8 9 ,9 4 5
-5 4 ,9 3 3
-1 0 ,0 4 7
9,888
-3 4 ,8 5 3
-1 7 1 ,8 8 0
-4 8 ,0 7 3
-3 2 ,7 4 4
45,698
-136,761
-7 5 ,9 0 3
-5 1 ,2 4 9
-1 0 ,3 8 8
11,163
-2 5 ,4 2 9
-1 8 6 ,3 2 2
-4 5 ,3 1 1
-3 2 ,2 3 6
45,249
-1 5 4 ,0 2 4
-74 ,4 6 1
-4 8 ,0 3 6
-3 4 3
9,379
-35,4 6 1
-1 3 5 ,3 2 4
-2 9 ,2 9 3
-11,5 6 1
10,641
-1 0 5 ,1 1 1
-1 ,3 1 9
-9 ,15 1
-1 3 ,0 8 3
-1 9 1
21,106
-3 4 ,5 9 2
-8 ,5 3 2
-2 1 ,5 0 7
43,124
-4 7 ,6 7 7
55 Foreign-ow ned a s s e ts in th e U nited S tates, e x c lud in g fin a n c ia l d e rivatives (increase/
fin a n c ia l inflow (+)).......................................................................................................................................
88,972
219,758
41,421
196,547
32,482
126,234
-948
46,421
46,401
42,988
( 1)
n
o
272
( 1)
( 1)
( 1)
-8
( 2)
( 2)
( 2)
( 2)
67
( 2)
( 2)
( 2)
( 2)
-1 2
( 2)
( 2)
( 2)
( 2)
237
(2)
( 2)
( 2)
( 2)
100
( 2)
( 2)
( 2)
( 2)
-8
( 2)
( 2)
( 2)
( 2)
24
56
57
58
59
60
61
62
Reserve position in the International Monetary F u n d ......................................................................
Foreign official assets in the United S ta te s ..............................................................................................
U.S. government securities...........
U.S. Treasury securities............
O th e r..............................................
Other U.S. government liabilities............................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere......................................................
Other foreign official assets.....................................................................................................................
( ’)
( 1)
( 1)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
176,770
30,257
30,946
-3 ,9 0 0
n.a.
59,091
60,376
( 2)
21,491
( 2)
26,797
( 2)
38,264
( 2)
11,720
( 2)
-1 6 ,7 9 9
( 2)
8,872
( 2)
44,161
n.a.
-9 8 ,6 5 2
2 74,354
( 2)
-8 ,7 5 7
n.a.
58,921
2 119,598
( 2)
-1 6 ,7 8 3
n.a.
-5 5 ,6 0 7
2 66,371
( 2)
-3 ,3 0 5
n.a.
11,813
2 105,906
( 2)
61,990
n.a.
-4 2 ,4 1 3
2-3 ,7 1 8
( 2)
-9 ,2 5 0
n.a.
48,041
2-1 ,2 6 6
Other foreign assets in the United S tates.................................................................................................
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.....................................................
n
42,571
26,409
29,884
51,849
n.a.
-9 7 ,9 9 3
32,422
70 F inancial derivatives, n e t...........................................................................................................................
-9,386
n.a.
-8,317
n.a.
-2,324
n.a.
-5,566
n.a.
71 Statistical d iscre pa n cy (su m of above item s w ith s ig n rev e rse d )................................................
37,525
-45,964
62,108
-15,392
69,952
7,028
-2,207
-16,101
M em oran da:
Balance on goods (lines 3 and 2 0 )..................................................................................................................
Balance on services (lines 4 and 2 1 ) .............................................................................................................
Balance on goods and services (lines 2 and 1 9 ) ........................................................................................
Balance on income (lines 12 and 2 9 ) .............................................................................................................
Unilateral current transfers, net (line 3 5 ) .......................................................................................................
Balance on current account (lines 1 ,1 8 , and 35 or lines 7 4 ,7 5 , and 7 6 ) ............................................
-3 6 ,7 0 3
14,015
-2 2 ,6 8 8
21,759
-2 ,2 1 6
-3 ,1 4 6
-2 5 ,0 0 9
12,814
-1 2 ,1 9 6
11,225
-3 ,5 1 3
-4 ,4 8 4
-3 1 ,3 1 7
12,411
-1 8 ,9 0 6
20,412
-5 2 5
981
-2 1 ,5 6 7
11,070
-1 0 ,4 9 7
12,693
-1 ,6 8 8
508
-2 4 ,0 8 6
7,343
-1 6 ,7 4 3
13,577
-2 ,2 4 5
-5 ,4 1 1
-1 7 ,9 0 3
6,330
-1 1 ,5 7 3
13,253
-2 ,3 2 8
-6 4 8
-3 ,1 8 7
5,202
2,015
6,177
1,863
10,056
226
4,469
4,695
-1 ,2 5 3
847
4,289
63
64
65
66
67
68
69
72
73
74
75
76
77
p Preliminary
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
August 2008
Survey of Current Business
D-5
T a b l e F .3 . U . S . I n t e r n a t i o n a l T r a n s a c t i o n s , b y A r e a — C o n t in u e s
[Millions of dollars]
Latin America and Other
Western Hemisphere
Canada
Line
(Credits +; debits - )
2007:IV
2008:1 p
2007: IV
Mexico
2007: IV
2008:1 p
Asia and Pacific
2008:1 p
2007: IV
Australia
2008:1 p
2007: IV
2008:1 p
C urrent a c c o u n t
1 Ex ports o f g o o d s a n d se rv ice s a n d in c o m e r e c e ip ts ......................................................................
89,971
89,098
135,609
131,220
45,435
46,074
146,892
149,345
12,925
2
77,228
76,910
89,301
89,844
41,132
42,124
115,518
118,995
7,897
8,622
Exports of goods and services....................................................................................................................
13,235
3
Goods, balance of payments b asis ............................
66,159
64,624
65,250
66,919
34,494
35,871
83,613
83,794
5,024
5,491
4
5
S e rv ic es .............................................................................
Transfers under U.S. military agency sales contracts..................................................................
11,069
86
12,286
52
24,051
197
22,925
224
6,638
4
6,253
4
31,906
991
35,201
1,386
2,872
135
3,131
472
Travel..............................................................................
Passenger fa re s ..........................................................
Other transportation...................................................
3,419
748
857
4,391
961
885
6,088
2,152
1,640
5,185
1,985
1,726
2,052
552
391
1,656
689
386
5,408
1,728
4,931
6,459
1,800
4,958
638
184
102
608
163
101
9
10
11
Royalties and license fe e s ...................................................................................................................
Other private services...................
U.S. government miscellaneous services......................................................................................
1,681
4,254
23
1,581
4,403
14
2,219
11,706
49
2,077
11,680
48
655
2,974
9
614
2,896
8
5,309
13,408
130
5,041
15,419
139
565
1,243
6
532
1,252
3
12
13
14
15
1b
1/
Income receipts...............................................................................................................................................
Income receipts on U.S.-owned assets abroad..................................................................................
Direct investment receipts...................................................................................................................
Other private receipts.......
U.S. government receipts.
Compensation of employees
12,743
12,701
6,385
6,316
0
42
12,188
12,148
5,969
6,179
0
40
46,308
46,252
17,555
28,616
81
56
41,376
41,320
18,042
23,253
25
56
4,303
4,294
3,172
1,121
1
9
3,950
3,941
2,874
1,066
1
9
31,373
31,273
19,405
11,719
149
100
30,350
30,247
18,458
11,691
98
103
5,029
5,022
2,657
2,365
0
7
4,613
4,606
2,268
2,338
0
7
18 Im p o rts o f g o o d s a n d se rv ice s a n d in c o m e p a y m e n ts ...................................................................
-94,829
-95,479
-148,857
-140,036
-64,428
-61,137
-255,581
-235,055
-6,710
-6,311
19
Imports of goods and services....................................................................................................................
-8 8 ,9 4 4
-8 9 ,4 6 4
-1 1 0 ,0 0 4
-1 0 7 ,8 2 8
-6 0 ,7 1 9
-5 7 ,8 3 7
-2 1 3 ,3 8 4
-1 9 6 ,4 8 5
-3 ,8 5 0
-3 ,8 7 5
20
Goods, balance of payments b a s is .......................................................................................................
-8 3 ,1 0 8
-8 3 ,9 9 5
-9 3 ,6 4 5
-9 0 ,3 9 8
-5 6 ,7 0 8
-5 3 ,1 4 6
-1 8 9 ,3 1 8
-1 7 2 ,6 9 3
-2 ,2 4 7
-2 ,1 9 0
21
22
S e rv ic es .......................................................................................................................................................
Direct defense expenditures...............................................................................................................
-5 ,8 3 6
-6 5
-5 ,4 6 9
-5 6
-1 6 ,3 5 9
-7 5
-1 7 ,4 3 0
-1 1 0
-4 ,0 1 1
-2
-4 ,6 9 1
-4
-2 4 ,0 6 7
-1 ,7 3 1
-2 3 ,7 9 2
-1 ,7 3 3
-1 ,6 0 4
-3 9
-1 ,6 8 6
-4 0
23
24
2b
Travel.........................................................................................................................................................
Passenger fa re s .................
Other transportation.........
-1 ,1 4 7
-1 1 6
-1 ,2 5 9
-8 9 8
-1 1 1
-1 ,2 4 2
-6 ,0 0 5
-1 ,0 3 0
-1 ,6 2 2
-6 ,9 4 9
-2 ,6 0 9
-1 8 8
-2 7 2
-3 ,1 7 8
-2 3 4
-3 5 3
-4 ,5 4 1
-2 ,5 4 9
-5 ,9 8 7
-4 ,3 9 9
-2 ,8 2 9
-6 ,0 2 4
-3 5 4
-8 4 9
-1 ,8 4 9
-2 3 9
-9 1
-3 9 9
-3 0 4
-9 7
26
2/
28
Royalties and license fees
O ther private services......
U.S. government miscellaneous services......................................................................................
-2 0 9
-2 ,9 4 2
-9 8
-1 9 4
-2 ,8 6 8
-1 0 0
-1 0 1
-7 ,3 8 3
-1 4 3
-1 0 2
-7 ,4 1 7
-1 5 3
-3 2
-8 6 0
-4 8
-3 3
-8 4 2
-4 7
-2 ,1 0 9
-6 ,9 7 6
-1 7 4
-1 ,8 1 7
-6 ,8 2 0
-1 6 9
-1 0 9
-7 4 7
-2 5
-1 0 2
-7 2 9
-1 5
29
30
31
3?
33
34
Income paym ents...........................................................................................................................................
Income payments on foreign-owned assets in the United States..................................................
Direct investment p aym ents................................................................................................
Other private paym ents.........................................................................................................
U.S. government paym ents................................................................................................................
Compensation of employees
-5 ,8 8 4
-5 ,7 3 7
-1 ,9 9 4
-3 ,4 8 3
-2 6 0
-1 4 7
-6 ,0 1 5
-5 ,8 6 9
-2 ,1 9 0
- 3 405
-2 7 4
-1 4 6
-3 8 ,8 5 3
-3 6 ,8 3 4
-8 4 3
-3 0 ,8 6 3
-5 ,1 2 8
-2 ,0 1 9
-3 2 ,2 0 8
-3 0 ,4 4 2
-8 5 3
-2 4 ,5 6 6
-5 ,0 2 3
-1 ,7 6 6
-3 ,7 0 9
-1 ,7 7 1
-1 9 8
-8 1 4
-7 5 9
-1 ,9 3 9
-3 ,3 0 0
-1 ,5 9 0
-1 6 5
-6 5 1
-7 7 4
-1 ,7 1 0
-4 2 ,1 9 6
-4 1 ,8 2 8
-6 ,8 1 6
-9 ,8 3 9
-2 5 ,1 7 3
-3 6 8
-3 8 ,5 7 0
-3 8 ,1 9 6
-3 ,8 9 6
-9 ,4 9 7
-2 4 ,8 0 3
-3 7 4
-2 ,8 6 0
-2 ,8 5 4
-1 ,6 2 0
-9 0 9
-3 2 5
-5
-2 ,4 3 6
-2 ,4 3 1
-1 ,2 5 0
-9 1 2
-2 6 9
-5
35 U nilateral c urrent transfers, net
36
U.S. government grants............
3/
U.S. government pensions and other transfers......................................................................................
38
Private remittances and other transfers....................................................................................................
-497
0
-1 6 1
-3 3 6
-456
0
-1 6 2
-2 9 4
-7,445
-5 1 1
-1 9 9
-6 ,7 3 5
-7,726
-6 2 3
-2 0 1
-6 ,9 0 2
-3,122
-2 0
-7 3
-3 ,0 2 9
-3,174
-2 8
-7 4
-3 ,0 7 2
-6,921
-4 ,2 2 3
-2 3 1
-2 ,4 6 7
-6,700
- 3 ,2 4 4
-2 3 3
-3 ,2 2 3
89
0
-1 9
108
82
0
-1 9
101
47
34
-41
-43
-26
-25
-257
-263
-7
-8
6
/
8
C apital a c c o u n t
39 C a p ital a c c o u n t tr a n s a c tio n s , n e t...........................................................................................................
F inancial a c c o u n t
40 U.S.-owned a s s e ts a b ro ad , exc lu d in g fin a n c ia l derivatives (increase /fin ancial ou tflow (-))
-12,931
-31,468
15,856
-78,792
-3,641
1,540
-7,312
-12,757
-5,539
-8,866
41
42
43
44
45
U.S. official reserve assets...........................................................................................................................
G old................................................................................................................................................................
Special drawing rights
Reserve position in the International Monetary F u n d ......................................................................
Foreign currencies......................................................................................................................................
0
0
0
0
0
0
0
0
0
0
0
0
-2 3
0
-4 3
0
0
0
0
0
-2 3
-4 3
46
47
48
49
U.S. government assets, other than official reserve a s s e ts ................................................................
U.S. credits and other long-term assets....................
Repayments on U.S. credits and other long-term assets................................................................
U.S. foreign currency holdings and U.S. short-term assets............................................................
1
0
0
1
0
0
0
0
574
-6 1
628
7
35
^1
86
-1 0
16
-1
11
6
2
-8
11
-1
253
-1 6
279
-1 0
158
-4 6
204
0
-1
0
0
-1
0
0
0
0
50
b1
U.S. private a s s e ts .........................................................................................................................................
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 elsew here.........................................................
-1 2 ,9 3 2
-7 ,4 4 5
-5 ,1 5 3
-2 ,0 4 0
1,706
-3 1 ,4 6 8
-9 ,3 4 5
-1 ,4 3 8
1,265
-2 1 ,9 5 0
15,282
-19,5 8 1
-6 ,5 5 7
92,564
-5 1 ,1 4 4
-7 8 ,8 2 7
-17 ,7 4 1
-2 ,4 3 0
-5 ,0 8 9
-5 3 ,5 6 7
-3 ,6 5 7
-1 ,6 1 8
-2 8 4
-2 0 4
-1 ,5 5 1
1,538
-2 ,0 6 9
5,847
21
-2 ,2 6 1
-7 ,5 4 2
-5 ,8 3 1
15,552
101
-1 7 ,3 6 4
-1 2 ,8 7 2
-1 2 ,7 7 9
-3 ,7 4 0
11,641
-7 ,9 9 4
-5 ,5 3 8
-2 ,8 9 9
-2 8 7
1,865
-4 ,2 1 7
-8 ,8 6 6
-1 ,6 2 9
-1 2 ,0 2 1
3,188
1,596
55 Foreign-ow ned a s s e ts in th e U nited S tates, exc lud in g fin a n c ia l derivatives (increase/
fin a n c ia l inflow (+))..................................................................................................................................
-16,591
16,384
W
53
54
5,426
20,552
134,279
-22,569
3,286
6,750
124,136
160,617
56
5/
58
59
60
61
62
Foreign official assets in the United S ta te s ..............................................................................................
U.S. government securities..
U.S. Treasury securities..
O th e r....................................
Other U.S. government liabilities............................................................................................................
U.S. liabilities reported by U.S. banks, not included elsew here.....................................................
O ther foreign official assets..
847
-1 8
8,810
8,729
98,396
0
n
(2
)
(2)
(2)
(2
)
(2
)
73,923
V)
V)
(')
(2)
56
(1)
(1)
63
64
65
66
6/
68
69
Other foreign assets in the United S tates.................................................................................................
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.....................................................
4,579
5,468
20,570
242
(1)
n
(1)
(1)
(1)
78
13
168
3
-1
(')
(1)
n
n
(')
(1)
(2
)
(2
)
(2
)
(2
)
(2
)
(2
)
o
n
125,469
3,482
(1)
(1)
(1)
7,451
n.a.
6,802
n.a.
26,214
n.a.
(1)
-7 ,6 1 0
(1)
12,041
-3 1 ,2 9 8
5,444
n
( 2)
( 2)
-1 ,0 7 3
449
( ’)
(1)
( ’)
3,512
n
n
n
1,087
n
(’)
(')
(1)
50,213
15,013
62,221
9,143
(1)
(1)
78,423
14,758
(2
)
(2
)
(1)
-1 8 8
n.a.
-1 2 3
2 4,667
2,659
n.a.
280
2 3,363
22,326
n.a.
13,320
-4 ,7 6 9
(3)
-4 0 ,3 1 5
n.a.
n.a.
-1,453
n.a.
n
0
18,186
n.a.
(’ )
(2
)
(2
)
(2)
(2
)
41
(2)
( 2)
(2)
(2)
-2 2 4
(2
)
(2)
(2)
(2
)
(2)
(2)
1,068
6,408
(2
)
(2
)
2,248
n.a.
86
2 -2 0 ,0 3 4
1,704
n.a.
133
2 8 ,363
70 F inancial derivatives, n e t..........................................................................................................................
-1,093
1,080
n.a.
71 S tatistical d is cre pa n cy (s u m o f a b ov e item s w ith s ig n rev e rs e d )................................................
13,904
17,719
-128,638
117,947
22,497
9,974
496
-55,187
14,753
-14,516
M em o ran da:
72 Balance on goods (lines 3 and 2 0 )..................................................................................................................
/3 Balance on services (lines 4 and 2 1 ) .............................................................................................................
Balance on goods and services (lines 2 and 1 9 ) ........................................................................................
/5 Balance on income (lines 12 and 2 9 ) ......
/6 Unilateral current transfers, net (line 3 5 ).
77 Balance on current account (lines 1 ,1 8 , and 35 or lines 7 4 ,7 5 , and 7 6 ) ............................................
-1 6 ,9 4 9
5,233
-1 1 ,7 1 7
6,859
-4 9 7
-19 ,3 7 1
6,817
-1 2 ,5 5 4
6,173
-4 5 6
-6 ,8 3 7
-2 8 ,3 9 4
7,691
-2 0 ,7 0 3
7,455
- 7 ,4 4 5
-2 0 ,6 9 3
-2 3 ,4 7 9
5,495
-1 7 ,9 8 4
9,168
- 7 ,7 2 6
-1 6 ,5 4 2
-2 2 ,2 1 4
2,627
-1 9 ,5 8 7
594
-3 ,1 2 2
-2 2 ,1 1 6
-1 7 ,2 7 5
1,563
-1 5 ,7 1 2
649
- 3 ,1 7 4
-1 8 ,2 3 8
-1 0 5 ,7 0 5
7,839
-9 7 ,8 6 6
-1 0 ,8 2 3
-6 ,9 2 1
-1 1 5 ,6 1 0
-8 8 ,8 9 9
11,409
-7 7 ,4 9 0
-8 ,2 2 0
-6 ,7 0 0
-9 2 ,4 1 0
2,778
1,269
4,046
2,169
89
6,304
3,301
1,445
4,747
2,178
82
7,007
1
4
p Preliminary
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
-5 ,3 5 5
-763
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
August 2008
International Data
D-6
Table F.3. U.S. International Transactions, by Area—Table Ends
[M illio n s o f do lla rs]
India
China
Japan
Middle East
Africa
(Credits +; debits - )
Line
2007:1V
2007:IV
2008:1 p
2007:IV
2008:1 p
2008:1 p
2007:IV
2007:IV
2008:1 p
2008:1 p
C u rrent a c c o u n t
11,722
1 E x ports of g o o d s a n d services a n d in c o m e re c e ip ts .......................................................................
24,740
24,460
8,711
8,070
33,194
34,730
22,292
19,908
11,335
2
Exports of goods and services....................................................................................................................
22,190
22,093
7,594
6,939
2 6,322
27,671
19,271
17,030
9,223
9,343
3
Goods, balance of payments b asis.......................................................................................................
18,359
17,954
5,494
4,223
15,599
16,127
14,488
12,110
6,509
6,533
4
5
S e rv ic es .......................................................................................................................................................
Transfers under U.S. military agency sales contracts..................................................................
3,831
4,139
(*)
(*)
2,101
10
2,717
9
10,724
233
11,544
112
4,783
1,142
4,920
1,090
2 ,714
248
2,810
262
6
7
8
Travel.........................................................................................................................................................
Passenger fares
Other transportation.............................................................................................................................
448
199
720
498
155
710
450
235
136
548
226
156
2,469
975
1,112
3,109
1,128
1,116
488
85
662
549
95
740
308
82
348
282
58
299
9
10
11
Royalties and license fees...................................................................................................................
Other private services..........................................................................................................................
U.S. government miscellaneous services......................................................................................
540
1,917
7
508
2,261
7
255
999
15
241
1,521
15
2,013
3,873
50
1,923
4,097
60
226
2,162
18
217
2,211
19
296
1,409
23
280
1,605
23
12
13
14
15
16
17
Income receipts..................................................
Income receipts on U.S.-owned assets abroad..................................................................................
Direct investment receipts.....................
O ther private receipts...........................................................................................................................
U.S. government receipts.....................................
Compensation of em ployees....................................
2,549
2,540
1,766
765
9
9
2,368
2,358
1,607
735
16
10
1,116
1,112
674
434
4
4
1,130
1,125
672
447
6
5
6,871
6,850
2,201
4,626
23
21
7,059
7,038
2,552
4,442
44
21
3,021
2,996
2,252
722
22
25
2,878
2,852
2,216
619
17
26
2,112
2,093
1,683
382
28
19
2,378
2,358
1,810
478
70
20
-101,479
-87,240
-9,860
-9,827
-62,182
-59,104
-30,649
-34,317
-27,314
-29,272
-8 9 ,3 7 0
-7 5 ,0 2 9
-9 ,2 4 1
-9 ,3 1 4
-4 4 ,6 7 9
-4 3 ,7 9 9
-2 7 ,4 7 7
-3 1 ,0 6 3
-2 6 ,8 1 4
-2 8 ,7 6 5
18 Im p o rts of g o o d s a n d se rv ice s a n d in c o m e p ay m e n ts
19
Imports of goods and services.....................................
20
Goods, balance of payments b a s is .......................................................................................................
-8 7 ,0 6 9
-7 2 ,7 6 7
-6 ,4 9 0
-6 ,6 3 9
-3 7 ,8 5 5
-3 7 ,4 9 2
-2 2 ,6 4 6
-2 6 ,2 3 2
-2 5 ,3 7 9
-2 7 ,3 1 9
21
22
S e rv ic e s .......................................................................................................................................................
Direct defense expenditures...............................................................................................................
-2 ,3 0 2
-1
-2 ,2 6 2
-1
-2 ,7 5 1
-6
-2 ,6 7 4
-1 5
-6 ,8 2 4
-4 1 4
-6 ,3 0 7
-4 1 0
-4 ,8 3 1
-3 ,2 1 3
-4 ,8 3 1
-3 ,3 4 0
-1 ,4 3 5
-9 4
-1 ,4 4 6
-9 4
-6 2 1
-1 7 8
-8 7 0
-5 9 4
-1 6 5
-8 9 5
-6 5 8
-4 4
25
Travel..........................................................................
Passenger fa re s ................................................................................
Other transportation.....
-1 1 0
-5 9 4
-5 3
-1 0 3
-9 1 5
-3 8 7
-1 ,7 0 4
-8 0 1
-3 2 8
- 1 ,6 9 4
-4 0 4
-1 9 2
-3 2 2
-3 2 5
-1 7 0
-3 2 7
-5 0 8
-8 3
-1 1 1
-5 3 0
-7 6
-1 2 5
26
27
28
Royalties and license fe e s ...................................................................................................................
O ther private services..
U.S. government miscellaneous s e rvices......................................................................................
-3 7
-5 8 7
-8
-4 0
-5 5 8
-8
-3 2
-1 ,8 9 4
-6
-3 5
-1 ,8 6 8
-6
-1 ,8 9 0
-1 ,4 8 6
-2 8
-1 ,5 9 8
-1 ,4 4 5
-3 1
-5 7 7
-5 6
-7 2
-5 3 9
-5 8
-8
-5 6 6
-6 5
-8
-5 4 7
-6 7
29
30
31
32
33
34
Income paym ents............................................................................................................................................
Income payments on foreign-owned assets in the United States..................................................
Direct investment p aym ents...............................................................................................................
Other private paym ents.......................................................................................................................
U.S. government paym ents................................................................................................................
Compensation of em ployees...................................................................................................................
-1 2 ,1 0 8
-1 1 ,9 9 0
-1 6
-1 ,4 7 9
-1 0 ,4 9 5
-1 1 8
-1 2 ,2 1 1
-1 2 ,0 9 0
-2 0
-1 ,3 5 8
-1 0 ,7 1 2
-1 2 1
-6 1 9
-5 4 2
-2 3 6
-1 6 3
-1 4 3
-7 6
-5 1 3
-4 3 6
-1 9 3
-1 0 8
-1 3 5
-7 7
-1 7 ,5 0 3
-1 7 ,4 6 4
-4 ,3 2 0
-3 ,6 9 7
-9 ,4 4 7
-4 0
-1 5 ,3 0 5
-1 5 ,2 6 5
-2 ,3 6 0
-3 ,6 8 9
-9 ,2 1 6
-4 0
-3 ,1 7 2
-3 ,1 5 4
206
-1 ,6 0 0
-1 ,7 6 0
-1 8
-3 ,2 5 4
-3 ,2 3 6
-1 8
-1 ,5 3 5
-1 ,6 8 3
-1 8
-5 0 0
-4 7 0
22
-2 5 8
-2 3 4
-3 1
-5 0 6
-4 7 5
8
-2 4 3
-2 4 0
-3 1
35 U nilateral current transfers, n e t....................
36
U.S. government grants....................................
37
U.S. government pensions and other transfers......................................................................................
38
Private remittances and other transfers.......
-564
-3
-2
-5 5 9
-720
-2
-2
-7 1 6
-590
-3 5
-6
-5 4 9
-782
-2 6
-6
-7 5 0
284
0
-6 8
352
233
0
-6 9
302
-2,883
-2 ,2 6 3
-3 7
-5 8 3
-4,048
-3 ,4 0 7
-1,867
-8 2 5
-8
-1 ,0 3 4
-1,879
-7 7 7
-3 8
-6 0 3
-43
-44
-48
-49
1
1
-88
-89
-11
-12
-494
5,079
282
2,031
16,739
-9,277
-7,855
9,292
-3,736
-9,962
0
0
0
0
0
0
0
0
-2 3
0
-4 3
0
0
0
0
0
0
0
0
0
?3
24
S7
-8
-1 ,0 9 4
C apital a c c o u n t
39 C apital a c c o u n t tra n s a ctio n s , n e t...........................................................................................................
Fina nc ia l a c c o u n t
40 U.S.-owned a s s e ts a b ro ad , e xc lu d in g fin a n c ia l derivatives (increase/financial outflow (-))
41
42
43
44
45
U.S. official reserve assets...........................................................................................................................
G old.................................................................................
-2 3
-4 3
46
47
48
49
U.S. government assets, other than official reserve a s s e ts ................................................................
U.S. credits and other long-term assets...............................................................................................
Repayments on U.S. credits and other long-term assets................................................................
U.S. foreign currency holdings and U.S. short-term assets............................................................
25
0
22
3
38
0
37
1
34
0
29
5
23
0
23
0
(*)
0
0
(*)
0
0
0
0
24
-1 4
41
-3
12
-1 0
39
-1 7
-2 5
-5 8
49
-1 6
57
-9 1
147
1
50
51
52
53
54
U.S. private a s s e ts ..........................................................................................................................................
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 elsew here.........................................................
-5 1 9
-4 5 5
1,230
-4 0
-1 ,2 5 4
5,041
-1 ,8 4 6
4,101
63
2,723
248
-9 1 3
1,421
-2 9
-2 3 1
2,008
-5 6 0
2,639
123
-1 9 4
16,761
-8 4 3
10,513
-1 ,1 5 8
8,249
-9 ,2 3 4
-1 ,0 5 9
3,048
281
-1 1 ,5 0 4
-7 ,8 7 9
-9 9 2
292
-3 0 2
-6 ,8 7 7
9,280
-1 ,7 8 9
1,131
516
9,422
-3 ,7 1 1
965
1,644
-3 5
-6 ,2 8 5
-1 0 ,0 1 9
-1 ,9 4 0
256
-3 2 9
-8 ,0 0 6
55 Foreign-ow ned a s s e ts in th e U nited S tates, e x c lud in g fin a n c ia l derivatives (increase/
fin a n c ia l inflow (+))..................................................................................................................................
50,173
76,658
1,760
-1,371
31,271
47,354
16,045
24,279
10,061
8,130
( 2)
( 2)
( 2)
( 2)
0
( 2)
( 2)
( 2)
( 2)
0
( 2)
( 2)
( 2)
( 2)
-2
( 2)
( 2)
( 2)
( 2)
126
( 2)
( 2)
( 2)
( 2)
105
( 2)
( 2)
( 2)
( 2)
101
13,849
21,71 0
1,666
1,692
( 1)
( 1)
( 1)
251
( 1)
( 1)
( 1)
319
( 1)
0
0
27
( ')
n
( 1)
144
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 1)
( 1)
( 1)
( 1)
( ')
( ')
(’)
( ’)
2,569
-1 4
8,395
110
6,438
621
Reserve position in the International M onetary F u n d ......................................................................
56
57
58
59
60
61
62
Foreign official assets in the United S ta te s ..............................................................................................
U.S. government securities.........
U.S. Treasury secu rities...........
O th e r.............................................
Other U.S. government liabilities............................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.....................................................
Other foreign official assets...................................................
63
64
65
66
67
68
69
Other foreign assets in the United States...............................
Direct investment......................................................................
U.S. Treasury securities...........................................................................................................................
U.S. securities other than U.S. Treasury securities...........................................................................
( 2)
89
( 2)
161
( 2)
264
( 2)
187
( 2)
6,359
( 2)
2,408
2,196
880
( 2)
-7 ,5 7 3
n.a.
-2 ,8 0 1
2 60,458
( 2)
-9 ,3 3 4
n.a.
3,183
2 82,648
( 2)
-7 6
n.a.
202
2 1,372
( 2)
1,593
n.a.
-1 0 3
2—
3,173
( 2)
16,183
n.a.
-7 3
2 8,697
( 2)
18,728
n.a.
1,329
2 24,788
( 1)
2,866
n.a.
( 1)
2,068
n.a.
( 1)
-2 9 8
n.a.
( 1)
-2 ,6 6 3
n.a.
( 1)
-7 3 3
( 1)
-2 ,8 4 7
0
7,637
0
5,806
70 F inancial derivatives, n e t...........................................................................................................................
( 3)
n.a.
( 3)
n.a.
-2,051
n.a.
( 3)
n.a.
-121
n.a.
71 S tatistical discre pan cy (su m of ab ov e item s w ith s ig n rev ersed)................................................
27,667
-18,193
-255
1,928
-17,255
-13,937
3,139
-15,025
11,653
21,273
M em oran da:
Balance on goods (lines 3 and 2 0 )..................................................................................................................
Balance on services (lines 4 and 2 1 ) .............................................................................................................
Balance on goods and services (lines 2 and 1 9 ) ........................................................................................
Balance on income (lines 12 and 2 9 ) .............................................................................................................
Unilateral current transfers, net (line 3 5 ) .......................................................................................................
Balance on current account (lines 1 ,1 8 , and 35 or lines 7 4 ,7 5 , and 7 6 ) ............................................
-6 8 ,7 1 0
1,530
-6 7 ,1 8 0
-9 ,5 5 9
-5 6 4
-7 7 ,3 0 2
-5 4 ,8 1 3
1,877
-5 2 ,9 3 6
-9 ,8 4 3
-7 2 0
-6 3 ,4 9 9
-9 9 7
-6 5 0
-1 ,6 4 7
498
-5 9 0
-1 ,7 3 9
-2 ,4 1 6
42
-2 ,3 7 4
617
-7 8 2
-2 ,5 3 9
-2 2 ,2 5 6
3,900
-1 8 ,3 5 6
-1 0 ,6 3 2
284
-2 8 ,7 0 4
-2 1 ,3 6 5
5 ,237
-1 6 ,1 2 8
-8 ,2 4 6
233
-2 4 ,1 4 1
-8 ,1 5 8
-4 8
-8 ,2 0 6
-1 5 1
-2 ,8 8 3
-11 ,2 4 1
-1 4 ,1 2 2
89
-1 4 ,0 3 3
-3 7 6
-4 ,0 4 8
-1 8 ,4 5 7
-1 8 ,8 7 0
1,279
-1 7 ,5 9 0
1,611
-1 ,8 6 7
-1 7 ,8 4 6
-2 0 ,7 8 6
1,364
-1 9 ,4 2 2
1,872
-1 ,8 7 9
-1 9 ,4 2 9
72
73
74
75
76
77
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
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
August 2008
Survey of Current Business
D-7
T a b l e F .4 . P r i v a t e S e r v i c e s T r a n s a c t i o n s
[Millions of dollars]
Not seasonally adjusted
Line
2006
2007
II
I
1 Ex ports o f private s e rv ice s
Seasonally adjusted
2007
2008
III
I p
IV
2007
I
II
2008
IV
III
I p
....................................................................................
415,321
479,980
108,560
115,171
128,718
127,532
128,975
110,193
116,176
125,188
128,423
132,075
2
3
4
5
6
Travel (table F.2, line 6 ) .......................................................................................................
Passenger fares (table F.2, line 7 ) ...................................................................................
Other transportation (table F.2, line 8 ) ............................................................................
Freight................................................................................................................................
Port s e rv ic es ....................................................................................................................
85,720
22,036
46,323
17,408
28,915
96,712
25,586
51,586
19,596
31,990
19,658
5,529
11,873
4,412
7,461
24,387
5,848
12,575
4,895
7,680
29,159
6,868
13,018
4,951
8,067
23,508
7,340
14,120
5,338
8,782
23,958
6,680
14,531
5,330
9,202
21,818
5,800
12,076
4,520
7,556
23,154
5,996
12,639
4,848
7,791
25,241
6,530
13,081
4,964
8,117
2 6,499
7,259
13,790
5,264
8,526
26,848
7,188
14,922
5,458
9,463
7
Royalties and license fees (table F.2, line 9 ).................................................................
By type: 1
Industrial processes 2 ..............................................................................................
O t h e r 3 ..........................................................................................................................
By affiliation:
U.S. parents’ receipts from their foreign affiliates..............................................
U.S. affiliates’ receipts from their foreign parents and foreign affiliates of
their foreign parents.............................................................................................
U.S. receipts from unaffiliated foreigners............................................................
72,191
82,614
18,490
19,683
21,588
22,853
21,607
18,991
19,866
2 1,940
2 1,817
22,267
33,650
38,541
37,441
45,172
8,611
9,879
8,789
10,894
10,177
11,411
9,864
12,989
9,584
12,023
8,611
10,380
8,789
11,077
10,177
11,763
9,864
11,953
9,584
12,683
48,852
54,726
12,157
12,993
14,354
15,223
14,055
12,506
13,080
14,537
14,603
14,515
3,617
19,723
4,154
23,733
1,062
5,271
918
5,772
1,123
6,111
1,052
6,578
1,141
6,410
1,062
5,423
918
5,868
1,123
6,280
1,052
6,162
1,141
6,611
Other private services (table F.2, line 1 0 )......................................................................
By type: 1
Education..................................................................................................................
Financial serv ic e s ......................................................................................................
Insurance services.......................................
Telecommunications.....................................
Business, professional, and technical services..................................................
Other services 4 ............................................
By affiliation:
U.S. parents’ receipts from their foreign affiliates..............................................
U.S. affiliates’ receipts from their foreign parents and foreign affiliates of
their foreign parents.............................................................................................
189,050
223,483
53,010
52,679
58,084
59,710
62,200
51,508
54,521
58,396
59,058
60,850
14,645
47,439
10,095
7,278
89,692
19,901
15,732
58,266
10,286
8,283
107,675
23,241
6,453
12,870
2,351
1,967
24,129
5,241
1,923
13,996
2,554
2,079
26,647
5,479
4,386
15,567
2,676
2,128
27,260
6,067
2,970
15,833
2,706
2,109
29,639
6,453
6,865
15,559
2,842
2,180
28,154
6,600
3,848
12,870
2,351
1,967
25,231
5,241
3,897
13,996
2,554
2,079
26,515
5,479
3,962
15,567
2,676
2,128
27,996
6,067
4,025
15,833
2,706
2,109
27,932
6,453
4,090
15,559
2,842
2,180
29,579
6,600
37,410
4 9,238
10,843
12,453
12,515
13,428
13,076
11,226
12,232
12,804
12,976
13,556
5,802
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
20,254
24,052
U.S. receipts from unaffiliated foreigners............................................................
131,386
150,193
36,365
6,112
3 4,113
5,626
39,944
3 9,770
6,364
42,760
5,985
34,297
6,140
36,149
6,031
39,561
5,897
40,185
6,657
40,637
23 Im po rts of private s e rv ice s.............................................................................................
313,865
341,126
77,695
87,298
90,532
85,602
6,512
85,300
82,367
84,292
87,087
87,380
90,480
15,837
6,158
15,570
10,798
4,772
21,390
7,588
16,903
11,626
5,277
21,916
7,841
17,476
11,848
5,628
17,024
6,899
17,101
11,304
5,797
17,434
7,372
17,212
11,081
6,131
18,538
6,721
16,022
11,059
4,963
18,849
6,979
16,767
11,547
5,220
19,247
7,422
17,119
11,656
5,463
19,533
7,364
17,142
11,314
5,828
20,324
8,051
17,864
11,479
6,385
24
25
26
27
28
Travel (table F.2, line 2 3 )..........................
Passenger fares (table F.2, line 24)
Other transportation (table F.2, line 25)
Freight.....................................................
Port services....................................................................................................................
72,104
27,501
65,262
45,700
19,562
7 6,167
28,486
67,050
45,576
21,474
29
Royalties and license fees (table F.2, line 2 6 )...............................................................
By type: 1
Industrial processes 2 ...............................................................................................
O th e r 3 .........................................................................................................................
By affiliation:
23,777
25,048
6,386
6,011
6,004
6,646
6,002
6,643
6,260
6,155
5,991
6,209
16,983
6,794
18,093
6,955
4,694
1,691
4,405
1,607
4,348
1,656
4,646
2,001
4,145
1,856
4,887
1,756
4,590
1,669
4,460
1,694
4,156
1,836
4,291
1,918
528
636
515
562
30
31
32
33
34
35
36
37
38
39
40
41
42
43
U.S. parents’ payments to their foreign affiliates...............................................
U.S. affiliates’ payments to their foreign parents and foreign affiliates of
their foreign p a re n ts .............................................................................................
U.S. payments to unaffiliated foreigners...............................................................
Other private services (table F.2, line 2 7 ) ......................................................................
By type: 1 ..........................................................................................................................
E ducation.........................................
Financial s e rv ic es ......................................................................................................
Insurance services.......................................
Telecommunications.....................................
Business, professional, and technical services..................................................
Other services 4 ............................................
By affiliation:
U.S. parents’ payments to their foreign affiliates...............................................
U.S. affiliates' payments to their foreign parents and foreign affiliates of
their foreign parents.............................................................................................
U.S. payments to unaffiliated foreigners...............................................................
2,049
2,233
553
528
636
515
562
553
16,112
5,617
17,420
5,396
4,499
1,334
4,168
1,315
4,017
1,351
4,736
1,396
3,942
1,497
4,756
1,334
4,416
1,315
4,167
1,351
4,081
1,396
4,150
1,497
125,221
144,375
33,744
3 5,406
37,294
37,931
37,279
34,444
35,437
37,145
3 7,350
38,032
4,465
14,242
37,373
6,367
61,068
1,706
4,523
18,928
42,761
7,334
68,763
2,065
866
4,430
10,426
1,667
15,895
459
1,156
4,798
10,172
1,912
16,855
514
1,523
4,727
11,113
1,908
17,460
562
978
4,973
11,050
1,847
18,553
530
883
4,813
11,292
1,901
17,837
553
1,119
4,430
10,426
1,667
16,342
459
1,135
4,798
10,172
1,912
16,907
514
1,140
4,727
11,113
1,908
17,694
562
1,129
4,973
11,050
1,847
17,820
530
1,145
4 ,813
11,292
1,901
18,328
553
32,360
36,545
8,273
8,804
9,302
10,166
9,037
8,720
8,856
9,536
9,434
9,528
17,271
75,590
20,518
87,312
4,927
20,544
5,327
21,275
5,046
22,945
5,218
22,547
5,361
22,882
4,927
20,797
5,327
2 1,254
5,046
22,562
5,218
22,698
5,361
23,143
45 Premiums received 5...............................................................................................................
46 Actual losses paid
23,336
10,910
20,951
11,619
4,879
2,706
5,226
2,856
5,532
2,988
5,314
3,069
5,366
3,097
4,879
2,706
5,226
2,856
5,532
2,988
5,314
3,069
5,366
3,097
47 Premiums paid 5...
48 Actual losses recovered.........................................................................................................
67,625
29,755
74,848
30,430
18,596
7,642
17,704
7,595
19,454
7,577
19,093
7,616
19,304
7,713
18,596
7,642
17,704
7,595
19,454
7,577
19,093
7,616
19,304
7,713
M em oran da:
49 Balance on goods (table F.2, line 7 2 ) .................................................................................
50 Balance on private services (line 1 minus line 2 5 ) ..........................................................
51 Balance on goods and private services (lines 53 and 5 4 ).............................................
-8 3 8 ,2 7 0
101,455
-7 3 6 ,8 1 5
-8 1 9 ,3 7 3
138,854
-6 8 0 ,5 1 9
-1 8 6 ,7 0 8
30,865
-1 5 5 ,8 4 3
-2 0 2 ,2 9 6
27,873
-1 7 4 ,4 2 3
-2 1 5 ,5 8 8
3 8,186
-1 7 7 ,4 0 2
-2 1 4 ,7 8 0
41,930
-1 7 2 ,8 5 0
-1 9 1 ,6 6 6
43,676
-1 4 7 ,9 9 0
-2 0 3 ,3 6 3
27,825
-1 7 5 ,5 3 8
-2 0 5 ,8 8 7
31,884
-1 7 4 ,0 0 4
-2 0 1 ,2 0 4
38,101
-1 6 3 ,1 0 3
-2 0 8 ,9 1 9
41,043
-1 6 7 ,8 7 6
-2 1 1 ,0 3 2
41,595
-1 6 9 ,4 3 7
44
S u p p le m e n ta l detail o n insu ran ce tra n sa ction s:
p Preliminary
1. Royalties and license fees and “other private services” by detailed type of service include both affiliated and unaffil
iated transactions.
2. Includes royalties, license fees, and other fees associated with intangible assets, including patents, trade secrets,
and other proprietary rights, that are used in connection with the production of goods.
3. Includes royalties, license fees, and other fees associated with copyrights, trademarks, franchises, rights to broad
cast live events, software licensing fees, and other intellectual property rights.
4. Other services receipts (exports) include mainly film and television tape rentals and expenditures of foreign resi
dents temporarily working in the United States. Payments (imports) include mainly expenditures of U.S. residents tempo
rarily working abroad and film and television tape rentals.
5. These reflect the amount of premiums explicitly charged by, or paid to, insurers and reinsurers.
D-8
August 2008
G. Investment Tables
Table G.1. International Investment Position of the United States at Yearend, 2006 and 2007
[M illio n s o f d o lla rs]
Changes in position in 2007
Attributable to
Line
Type of investment
Position, 2 0 0 6 r
Position, 2007 p
Valuation adjustments
Financial flows
Price changes
Exchange-rate
changes1
(a)
(b)
(c )
Other changes2
(d)
Total
(a+b+c+d)
N e t in tern atio n al in vestm en t position o f th e U n ited States (lines 2 + 3 )...............................
Financial derivatives, net (line 5 less line 2 5 ) 3 ..............................................................................
Net international investment position, excluding financial derivatives (line 6 less line 26)..
-2,225,804
59,836
-2 ,2 8 5 ,6 4 0
-774,345
-6 ,4 9 6
-7 6 7 ,8 4 9
197.683
438.711
(4)
197.683
(4)
438.711
-78,074
4 30,189
-1 0 8 ,2 6 3
-216,025
2 3,693
-2 3 9 ,7 1 8
-2,441,829
83,529
-2 ,5 2 5 ,3 5 8
U .S .-ow ned asse ts abroad (lin es 5+6)......................................................................................
Financial derivatives (gross positive fair v a lu e )........................................................................
U.S.-owned assets abroad, excluding financial derivatives (lines 7 + 1 2 + 1 7 ).....................
14,381,297
1,238,995
13,142,302
(3)
(3)
1,289,854
(3)
(3)
420,581
(3)
(3)
516,968
(3)
(3)
-1 4 ,3 3 2
3,258,657
1,045,586
2,213,071
17,639,954
2,284,581
15,355,373
U.S. official reserve assets.............................................................................................................
G old..................................
Special drawing rights................................................................................................................
Reserve position in the International Monetary F u n d ........................................................
Foreign currencies........................................................................................................................
219,853
165,267
8,870
5,040
4 0,676
122
0
154
-1,021
989
52,758
5 52,758
4 ,478
0
60
0
0
0
5 7,358
5 2,758
606
-7 9 6
4,790
277,211
218,025
9,476
4 ,244
45,466
U.S. government assets, other than official reserve a s s e ts ..................................................
U.S. credits and other long-term a s s e ts 7 ....................
Repayable in dollars.......................................................
O t h e r 8 ..............................................................................
U.S. foreign currency holdings and U.S. short-term assets..............................................
7 2,189
7 1,635
7 1,362
273
554
2 2,273
-1 ,6 2 9
-1 ,6 2 9
0
23,902
9
9
9
2 2,282
-1 ,6 2 0
-1 ,6 2 0
0
23,902
94,471
70,015
69,742
273
24,456
U.S. private a s s e ts ...........................................................................................................................
Direct investment at current cost.............................................................................................
Foreign securities.......................
B onds........................................
Corporate stocks......................................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.............
U.S. claims reported by U.S. banks, not included elsew here...........................................
12,850,260
2,935,977
5,604,475
1,275,515
4,328,960
1,163,102
3,146,706
1,267,459
333.271
288,731
170,708
118,023
706
644,751
367,823
25,579
342,244
3,918
338,326
512,490
69,631
413,236
2 7,946
385,290
12,329
17,294
-1 4 ,3 4 1
-3 1 ,6 3 0
0
0
0
-1 1 0
17,399
2,133,431
396,851
1,044,211
20 2 ,57 2
841,639
12,925
6 79,444
14,983,691
3 ,33 2,8 28
6 ,64 8,6 86
1 ,478,087
5 ,17 0,5 99
1,176,027
3 ,826,150
F oreign-ow ned a ssets in th e United S tates (lines 25+26)..............................................
Financial derivatives (gross negative fair valu e).............................................................................
Foreign-owned assets in the Unites States, excluding financial derivatives (lines 27+34)..
16,607,101
1,179,159
15,427,942
(3)
(3)
2,057,703
(3)
(3)
222,898
(3)
(3)
7 8,257
(3)
(3)
93,931
3,474,682
1,021,893
2,452,789
20,081,783
2 ,201,052
Foreign official assets in the United S ta te s .....................................................................................
U.S. government securities.............................................................................................................
U.S. Treasury securities......
O th e r................................................................................................................................................
Other U.S. government liabilities9 ................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
O ther foreign official assets.............................................................................................................
2,825,628
2,167,112
1,558,317
608,795
18,682
297,012
342,822
411,058
230,330
58,865
171,465
5,342
108,695
66,691
84,554
73,387
54,397
18,990
15,790
32,002
25,786
6,216
0
0
-1 6 ,2 1 2
511,402
335,719
139.048
196,671
3 ,337,030
2,502,831
1,697,365
805,466
24,024
405,707
404,468
Other foreign ass e ts ...............................................................................................................................
Direct investment at current cost...................................................................................................
U.S. Treasury securities...................................................................................................................
U.S. securities other than U.S. Treasury securities..................................................................
Corporate and other b onds........................................................................................................
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.............................................
12,602,314
2,151,616
567,885
5,372,361
2,824,879
2,547,482
282,627
797,495
3,430,330
1,646,645
2 37.542
156,825
573,850
3 91,440
182,410
-1 0 ,6 7 5
156,290
5 32,813
138,344
18,628
22,362
97,354
-5 ,8 6 7
103,221
78,141
11,075
-1 2 ,2 9 6
35.899
35.899
0
0
-1 ,1 3 6
44,599
1,941,387
2 71,180
166,891
760,077
4 74,446
285,631
591,865
14,543,701
2 ,42 2,7 96
7 34,776
6 ,132,438
3 ,299,325
2,83 3,1 13
271,952
959,544
4,022,195
M em o ran d a:
Direct investment abroad at market v a lu e .................................................................................................
Direct investment in the United States at market v alu e.........................................................................
4,454,635
3,293,739
333.271
237.542
108,353
6,264
-1 5 ,5 0 5
-1 3 ,9 4 5
69 3 ,31 7
229,861
5,147,952
3 ,523,600
p Preliminary
r Revised
* Less than $500,000 (+/-)
.... Not applicable
1. Represents gains or losses on foreign-currency-denominated assets and liabilities due to their revaluation at current
exchange rates.
2. Includes changes in coverage due to year-to-year changes in the composition of reporting panels, primarily for bank
and nonbank estimates, and to the incorporation of survey results. Also includes capital gains and losses of direct invest
ment affiliates and changes in positions that cannot be allocated to financial flows, price changes, or exchange-rate
changes.
3. Financial flows and valuation adjustments for financial derivatives are available only on a net basis, which is shown
on line 2; they are not separately available for gross positive fair values and gross negative fair values of financial deriva
tives. Consequently, columns (a) through (d) on lines 4, 5, and 2 4 ,2 5 are not available.
4. Data are not separately available for the three types of valuation adjustments; therefore, the sum of all three types is
shown in column (d). Price changes result from changes in the value of derivatives contracts due to changes in the value
452
225
3,801
(*)
(*)
11,167
7 8,257
3,935
52.974
5 2.974
6,895
14,453
267,198
5,342
108,695
6 1,646
-1 0 ,6 7 5
162.049
17,880,731
of their underlying assets or reference rates, which may arise from movements in interest rates, stock prices, commodity
prices, or other variables. Exchange-rate changes result from the revaluation of foreign-currency-denominated derivatives
contracts at current exchange rates. “Other changes” can result when data on investment positions that had accumulated
in prior periods are covered by a new or more complete survey.
5. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold.
6. 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.
7. Also includes paid-in capital subscriptions to international financial institutions and outstanding amounts of miscella
neous claims that have been settled through international agreements to be payable to the U.S. government over periods
in excess of 1 year. Excludes World War I debts that are not being serviced.
8. 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.
9. Primarily U.S. government liabilities associated with military sales contracts and other transactions arranged with or
through foreign official agencies.
August 2008
Survey of Current Business
D-9
T a b le G .2 . U .S . D ir e c t In v e s t m e n t A b r o a d : S e le c t e d It e m s , b y C o u n t r y a n d b y In d u s t r y o f F o r e ig n A f f ilia t e , 2 0 0 4 - 2 0 0 7
[Millions of dollars]
Direct investment position
on a historical-cost basis
2005
2004
All cou n trie s , all in d u s tr ie s ..................................................
2,160,844
2,241,656
2006
2,454,674
Capital outflows without current-cost
adjustment (inflows(-))
2007
2,791,269
2004
2006
2005
294,905
Income without current-cost
ad ju stm en t1
15,369
2007
2004
2005
2006
2007
221,664
313,787
228,165
271,877
308,963
348,791
By c ou n try of foreign affiliate
C a n a d a ......................................................................................................
214,931
2 31,836
230,045
257,058
2 4,005
13,556
8,135
22,772
22,835
20,712
23,226
21,685
Europe.......................................................................................................
1,180,130
1,210,679
1,341,116
1,551,165
137,319
-2 9 ,0 3 5
131,430
197,254
114,349
136,038
156,299
176,881
France ..............................................................................................
Germ any..........................................................................................
Irelan d ..............................................................................................
Netherlands....................................................................................
Switzerland.....................................................................................
United Kingdom.............................................................................
63,359
79,467
72,907
219,384
121,790
330,416
60,526
100,473
55,173
240,205
100,692
351,513
62,003
96,243
71,065
280,514
115,216
375,348
68,454
107,351
87,023
3 70,160
127,709
398,836
6,988
9,073
8,781
31,455
12,235
42,359
-1 ,1 5 6
7,978
-1 5 ,0 4 1
-1 9 ,2 8 4
-8 ,5 4 5
6,269
5,249
5,361
17,587
40,832
11,234
15,252
4,730
8,291
14,572
7 3,324
11,916
31,181
5,172
6,488
14,227
30,132
14,494
6,577
8,405
17,757
38,360
13,435
27,176
6,414
9,944
19,386
4 1,770
16,950
16,258
4,475
6,875
17,082
33,888
15,341
22,836
Latin America and Other W estern Hem isphere.............................
351,709
379,582
427,397
471,953
32,418
74
40,638
33,718
38,419
48,049
57,752
6 6,689
Berm uda..........................................................................................
B ra z il.
M exico ..............................................................................................
United Kingdom Islands, C arib b ean ........................................
100,856
29,485
63,384
82,159
113,222
30,882
73,687
83,164
134,613
33,090
83,219
90,060
148,633
41,552
91,663
90,803
4,365
2,644
8,435
10,131
-1 ,0 0 0
1,400
9,596
-1 2 ,5 8 6
18,899
61
8,777
236
6,961
4,114
8,815
-9 6 1
10,086
2,624
7,102
7,322
11,547
3,554
8,634
9,239
14,482
5,666
9,363
10,264
16,785
8,324
11,370
11,439
A frica .........................................................................................................
20,356
22,756
25,074
27,764
1,611
2,564
2,873
2,003
4,256
5,282
6,040
6,030
Middle E a st...............................................................................................
18,963
21,115
25,540
29,370
2,538
3,785
6,184
3,683
4,253
5,110
6,213
7,437
Asia and Pacific.......................................................................................
374,754
375,689
405,502
453,959
97,013
24,426
32,405
54,357
44,053
56,688
5 9,433
70,071
Australia...........................................................................................
Hong Kong.......................................................................................
Japan................................................................................................
Singapore........................................................................................
(D)
75,669
36,415
81,175
76,390
68,484
41,019
92,383
78,436
79,027
47,431
101,607
(D)
(D)
(D)
32,735
71,005
61,076
12,787
(D)
9,296
5,392
15,586
6,141
5,227
4,822
9,527
82,623
-7 9
4,133
10,115
2,772
6,269
5,056
10,803
15,809
7,355
6,049
8,715
14,738
7,905
8,502
8,313
18,315
O hh
fwc:
i
O hh
fwc:
i
O hh
fwc:
i
4,688
5,940
3,206
8,619
29,635
By ind u s try o f fore ign affiliate
...............................................................................................
102,495
109,280
129,625
147,319
18,185
12,015
19,547
16,335
17,789
24,559
31,073
31,585
Manufacturing..........................................................................................
Food
C hem icals............................................................................................
Prim ary and fabricated metals.......................................................
M achinery............................................................................................
Computers and electronic products..............................................
Electrical equipment, appliances, and com ponents.................
Transportation equipm ent................................................................
Other manufacturing.........................................................................
Mining
416,643
28,220
101,794
24,917
21,613
53,084
13,905
53,156
119,955
430,737
27,638
106,975
23,013
2 6,433
50,773
15,449
50,739
129,716
466,688
30,202
108,567
25,372
32,248
58,800
17,172
52,888
141,438
531,315
33,766
117,963
28,685
37,063
69,912
18,429
65,053
160,444
63,429
867
13,397
3,240
3,771
10,890
664
2,269
28,332
28,121
1,171
3,911
-7 0 3
2,077
3,607
1,662
-2 5 0
16,645
46,719
2,623
9,846
4,235
3,644
46,486
3,906
12,083
2,351
2,214
6,791
1,231
4,230
13,679
46,896
3,558
13,056
1,815
2,253
7,714
1,703
1,936
14,862
55,465
4,024
14,561
2,481
3,182
65 ,127
4 ,210
16,580
3,203
5,334
13,256
1,709
1,201
10,204
55,249
1,142
10,527
2,668
4,260
7,415
1,836
11,768
15,634
10,003
1,791
3,911
15,514
9,926
1,516
5,370
18,989
Wholesale trade......................................................................................
122,719
132,915
158,090
183,038
19,002
12,517
20,124
26,385
23,389
24,494
28,108
30,238
Information................................................................................................
56,698
102,848
93,355
111,866
-3 5 7
2,831
-4 ,7 7 3
19,120
9,261
10,832
10,728
13,376
Depository institutions (banking)........................................................
61,948
66,707
70,205
91,768
-2 ,3 2 9
-4 ,7 5 1
-3 ,3 9 5
17,755
1,301
164
-5 0 9
420
Finance (except depository institutions) and insurance...............
435,256
463,981
497,266
531,933
51,201
13,079
2 3,295
35,324
27,477
27,911
3 2,520
40,137
Professional, scientific, and technical services...............................
53,964
57,164
6 9,118
63,791
12,380
-2 ,0 5 5
10,167
10,256
6,805
9,272
10,191
8,367
Holding companies (nonbank)............................................................
760,656
710,386
794,586
927,578
117,214
-6 6 ,3 5 1
96,794
115,260
79,844
109,566
122,785
136,875
Other industries......................................................................................
150,466
167,640
175,741
202,661
16,180
19,964
13,187
18,103
15,813
18,184
18,601
22,666
D Suppressed to avoid disclosure of data of individual companies.
1. For 200 4 and 2005, income without current-cost adjustment is presented net, or after the deduction, of U.S.
and foreign withholding taxes. For 2006 and 2007, it is presented gross, or before the deduction, of U.S. and
foreign withholding taxes.
D-10
International Data
August 2008
T a b le G .3 . S e le c t e d F in a n c ia l a n d O p e r a t in g D a t a o f N o n b a n k F o r e ig n A f f ilia t e s o f U .S . C o m p a n ie s b y C o u n t r y a n d b y In d u s t r y o f A f f ilia t e , 2 0 0 5
All nonbank foreign affiliates
Majority-owned nonbank foreign affiliates
Millions of dollars
Millions of dollars
Total
assets
All cou n trie s , all in d u s tr ie s .....................................
9,951,716
Sales
4,224,685
Net
income
549,750
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
218,208
289,190
10,333.3
Total
assets
9,265,024
Sales
3,693,759
Net
income
506,166
Value
added
882,099
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
210,240
261,522
8,955.8
By c o u n try o f affiliate
695,945
497,863
4 5,743
66,382
(D)
1,106.8
682,844
478,595
44,712
106,248
65,088
92,936
1,079.1
E urope...............................................................................................
6,227,425
2,109,816
3 00,533
5 2,608
61,545
4,305.8
5,916,726
1,920,132
285,731
483,156
51,195
60,753
3 ,909.9
F ra n c e .....................................................................................
G erm any..................................................................................
Netherlands............................................................................
United Kingdom .....................................................................
274,502
441,677
868,391
2,377,908
193,469
308,038
195,484
530,928
9,520
11,217
74,058
3 7,013
(D)
6,179
6,284
4,052
12,676
(D)
619.9
631.5
214.6
1,251.9
256,046
403,218
823,560
2,336,426
183,275
272,321
157,784
503,123
9,056
9,607
71,118
35,134
49,280
75,662
26,588
136,274
4,383
6,308
8,115
12,618
5,979
6,182
3,891
12,397
584.1
590.0
184.3
1,160.6
Latin America and Other W estern H em isphere.....................
1,336,285
480,545
95,678
48,153
61,479
2 ,035.9
1,197,494
408,627
85,200
86,556
45,898
57,637
1,689.7
B ra z il........................................................................................
M exico.....................................................................................
104,391
154,440
93,238
162,495
4,111
10,985
3,789
38,114
(D)
46,560
429.8
1,036.5
91,314
121,312
82,824
129,560
3,335
7,920
18,950
24,969
3,485
36,418
2,648
44,026
393.3
838.4
A fric a.................................................................................................
110,290
65,887
10,226
1,662
100,187
60,079
9,252
26,009
1,541
3,136
154.0
82,371
58,350
11,365
1,671
(D)
(D)
179.0
Middle East.......................................................................................
102.3
41,662
24,627
4,785
9,061
1,577
1,774
59.8
Asia and Pacific..............................................................................
1,499,401
1,012,225
86,206
47,732
60,423
2,603.6
1,326,110
801,699
76,487
171,068
44,941
45,288
2,063.4
Australia...................................................................................
C h in a ........................................................................................
India..........................................................................................
Japan........................................................................................
208,775
71,161
24,750
574,655
108,780
86,457
17,725
322,380
12,957
7,905
1,071
14,932
4,332
3,859
571
12,995
1,960
4,116
14,754
321.1
546.9
196.7
554.8
199,560
6 2,110
20,718
478,435
92,076
72,043
15,295
204,392
12,403
6,816
905
11,070
31,743
14,608
4,220
47,855
4 ,262
3,095
544
11,910
1,957
3,641
457
2,308
283.9
489.6
179.1
242.0
M ining................................................................................................
445,660
196,925
50,198
167,151
43,514
109,525
1,739
16,059
171.1
69,937
3,773
(D)
(D)
387,186
103,991
(D)
(D)
188.2
Utilities...............................................................................................
64.7
77,665
40,453
2,648
10,764
(D)
(D)
49.7
Manufacturing..................................................................................
1,673,898
1,985,797
110,964
145,071
227,223
5,071.9
1,437,570
1,708,791
93,878
429,254
138,787
200,844
4,397.3
F o o d .........................................................................................
Chem icals...............................................................................
Primary and fabricated m e ta ls ..........................................
Machinery...............................................................................
Computers and electronic products.................................
Electrical equipment, appliances, and com ponents....
Transportation equipm ent...................................................
106,885
436,841
71,434
92,316
188,274
45,909
287,231
129,848
357,259
59,218
106,980
265,093
45,268
459,185
7,123
36,193
3,394
5,704
14,210
1,470
4,997
3,675
21,630
3,098
7,971
27,923
3,257
59,791
(D)
99,722
389,063
68,652
79,145
174,865
42,430
224,673
118,689
320,325
5 5,593
90,696
259,674
41,370
362,240
6,552
31,141
106,571
412.4
628.7
234.2
418.5
691.7
282.7
1,091.0
3,246
4 ,912
14,650
1,331
1,740
26,030
84,382
15,904
23,166
40,937
10,973
57,071
3,291
20,878
3,002
7,430
27,827
3,237
57,135
4,267
16,493
4,100
10,382
43,965
4,412
86,753
378.4
573.8
226.8
357.3
655.2
251.0
936.9
W holesale trade..............................................................................
571,167
978,989
37,764
57,026
39,298
781.7
548,245
941,586
36,438
119,251
56,020
39,247
730.5
Information.......................................................................................
282,795
185,123
16,486
(D)
(D)
443.2
174,755
117,128
8,581
37,626
729
140
322.9
C a n a d a .............................................................................................
O hh
fwc:
i
O hh
fwc:
i
O hh
fwc:
i
6,409
(D)
(D)
By industry of affiliate
O hh
fwc:
i
17,992
4,153
11,798
44,039
(D)
Finance (except depository institutions) and insurance.......
3,690,898
278,923
46,386
20
16
303.2
3,619,707
2 62,219
44,784
32,434
20
16
270.7
Professional, scientific, and technical services.......................
197,015
123,992
11,643
3,051
2,048
561.7
193,807
120,521
11,513
52,959
3,051
2,048
543.8
Other industries..............................................................................
2,986,292
404,999
272,536
10,254
(D)
2,918.5
2,826,089
335,909
264,810
90,286
(D)
(D)
2 ,469.9
D Suppressed to avoid disclosure of data of individual companies.
N ote . The data in this table are from "Operations of U.S. Multinational Companies in 2005” in the November 2007 S urvey of C urrent B usiness .
August 2008
Survey of Current Business
D-11
T a b le G .4 . F o r e i g n D i r e c t I n v e s t m e n t in t h e U n i t e d S t a t e s : S e l e c t e d It e m s , b y C o u n t r y o f F o r e i g n
P a r e n t a n d b y In d u s t r y o f U .S . A f f ilia t e , 2 0 0 4 - 2 0 0 7
[Millions of dollars]
Direct investment position
on a historical-cost basis
Capital inflows without current-cost
adjustment (outflows (-))
2004
All cou n trie s , all in d u s tr ie s .........................................................................
2005
2006
2007
1,520,316
1,634,121
1,843,885
Income without current-cost
adjustm ent1
2004
2005
2006
2007
2,093,049
135,826
104,773
236,701
232,839
2004
2005
87,890
2006
2007
110,324
139,137
129,711
By co u n try o f foreign pare nt
C a n a d a .............................................................................................................................
125,276
165,667
175,198
213,224
33,164
14,868
18,079
3 6,927
6,607
6,075
15,211
13,506
E urope..............................................................................................................................
1,078,782
1,154,048
1,324,355
1,482,978
80,730
77,896
181,384
144,853
61,377
80,684
91,278
82,019
F ran ce .....................................................................................................................
G erm any.................................................................................................................
Luxembourg...........................................................................................................
Netherlands...........................................................................................................
Sw itzerland.............................................................................................................
United K ingdom....................................................................................................
137,927
164,921
116,479
159,601
122,165
267,209
114,260
177,176
79,680
156,602
133,387
371,350
147,046
204,708
103,944
10,706
7,079
7,301
8,191
12,571
28,137
10,053
12,101
4,235
-1 ,8 7 1
6,551
36,132
26,951
40,419
23,558
23,102
1,453
33,194
21,764
-5 ,3 1 6
42,091
24,659
-2 ,2 7 9
13,034
8,401
7,557
1,188
12,553
7,023
18,641
11,218
6,053
2,462
15,743
4,462
33,274
11,925
11,058
3,318
21 ,467
3,689
2 7,764
11,559
5,779
4,587
173,265
134,193
406,337
168,576
202,648
134,310
209,449
155,696
410,787
Latin America and Other W estern H em isphere.....................................................
7 6,268
5 7,175
62,685
62,955
-2 ,9 4 5
-3 ,1 6 9
9,844
-5 7 5
2,988
4,359
6,470
6,672
Berm uda.................................................................................................................
M exico.....................................................................................................................
Pa n a m a ....................................
United Kingdom Islands, C arib b ean................................................................
V enezuela.................................
6,626
7,592
10,408
21,702
8,367
5,332
12,182
24,790
5,391
-5 1 9
5,954
12,903
32,807
6,059
-5 9 7
-6 2 9
1,403
-3 ,9 3 6
624
-5 ,3 8 0
-1 9
895
-4 2
308
6,517
1,886
1,659
2,355
-1 ,3 5 0
-1 0 ,0 7 7
63
1,281
7,559
-4 0
-3 7 3
17
(D)
197
-4 1
(D)
(D)
409
730
1,815
1,404
818
547
833
1,274
1,589
5,009
2,147
3,595
10,983
23,063
5,292
A frica.................................................................................................................................
1,859
2,341
1,814
1,124
-6 0 5
323
250
-6 7 5
177
204
207
25
Middle East......................................................................................................................
7,899
8,306
9,342
12,937
713
1,799
2,308
3,149
488
592
1,232
563
Asia and Pacific..............................................................................................................
230,231
246,585
270,490
319,832
24,769
13,056
24,837
49,161
16,253
18,410
24,739
26,926
Australia...................................................................................................................
Japan.......................................................................................................................
40,107
174,490
36,392
189,851
39,730
204,833
49,100
233,148
3,099
17,489
-5 ,2 5 3
14,200
2,825
15,668
9,274
28,775
2,446
12,774
3,919
12,715
5,900
17,351
7,447
17,175
Manufacturing.................................................................................................................
F o o d .............................................................................................................................
Chem icals....................................................................................................................
Primary and fabricated metals...............................................................................
Machinery....................................................................................................................
Computers and electronic products.....................................................................
Electrical equipment, appliances, and com ponents........................................
Transportation equipm ent.......................................................................................
Other manufacturing................................
475,214
17,774
140,338
20,351
44,802
29,186
10,668
67,975
144,121
499,851
45,217
123,784
27,164
46,433
31,298
11,037
74,485
140,434
581,101
49,159
148,595
34,543
40,472
44,430
26,428
69,289
168,184
709,545
25,891
217,662
48,475
76,439
69,476
21,530
65,325
184,747
21,005
2,193
11,874
1,976
492
-2 ,6 8 9
22
2,904
4,233
55,530
2,953
16,678
7,809
7,325
8,009
819
6,271
5,665
93,911
5,300
31,200
8,599
9,579
15,735
4,029
-3 ,4 6 2
22,931
108,113
1,605
38,939
12,348
18,658
12,994
7,045
-6 5
16,588
34,375
677
9,067
2,780
1,110
160
610
4,786
15,184
46,215
3,370
13,798
3,532
2,162
2,260
956
4 ,209
15,928
54,349
4,008
15,366
5,260
1,815
2,443
1,959
3,594
19,905
60,890
2,658
25,879
4,539
2,398
2,901
1,363
1,775
19,377
Wholesale trade.............................................
2 18,443
235,508
256,873
278,353
26,613
19,905
20,443
28,314
24,517
26,188
26,214
23,773
Retail tra d e .....................................................
26,554
30,934
32,421
41,591
579
53
3,017
-3 0
2,043
1,381
2,534
2,889
Information......................................................
144,982
102,584
135,119
146,428
15,487
-1 1 ,9 2 9
2 7,930
12,224
4,608
2,781
6,103
7,664
Depository institutions (banking)...............................................................................
122,674
130,184
147,992
141,033
17,902
9,355
15,295
-9 ,9 1 3
4,698
4 ,374
8,243
-6 ,3 5 1
Finance (except depository institutions) and insurance.......................................
199,417
214,623
258,657
263,993
31,602
3,925
37,761
5,197
6,249
4,281
7,464
12,762
Real estate and rental and leasing...........................................................................
36,987
37,341
44,122
55,277
2,580
1,119
3,204
11,165
1,879
2,444
3,024
2,134
Professional, scientific, and technical services......................................................
44,207
51,546
54,432
62,956
5,850
7,757
6,469
7,650
1,223
1,291
2,600
2,731
Other industries..............................................................................................................
251,836
331,549
333,168
393,873
14,208
19,057
28,672
70,118
8,298
21,369
28,607
23,220
O hh
fwc:
i
O hh
fwc:
i
O hh
fwc:
i
(D)
1,173
958
19,763
8,409
18,848
(D)
By industry of U.S. affiliate
D Suppressed to avoid disclosure of data of individual companies.
1. For 2 004 and 2005, income without current-cost adjustment is presented net, or after the deduction, of U.S.
and foreign withholding taxes. For 2006 and 2007, income is presented gross, or before the deduction, of U.S.
and foreign withholding taxes.
August 2008
International Data
D-12
T a b le G .5 . S e le c t e d F in a n c ia l a n d O p e r a t in g D a t a o f N o n b a n k U .S . A f f ilia t e s o f F o r e ig n C o m p a n ie s
b y C o u n t r y o f U ltim a te B e n e fic ia l O w n e r a n d b y In d u s tr y o f A ff ilia t e , 2 0 0 6
All nonbank affiliates
Millions of dollars
Total
assets
All cou n trie s, all in d u s tr ie s ......................................................................
Sales
7,908,487
3,083,440
Majority-owned nonbank affiliates
Millions of dollars
Millions of dollars
Net
income
Thousands
U.S.
U.S.
of
exports of imports of
employees
goods
goods
shipped by shipped to
affiliates
affiliates
176,329
5,800.6
204,880
493,835
Total
assets
Sales
6,807,654
2,795,143
Millions of dollars
Net
income
134,257
Value
added
614,685
Thousands
U.S.
U.S.
of
exports of imports of
goods
employees
goods
shipped by shipped to
affiliates
affiliates
5,330.5
195,292
482,363
By c oun try of ultim ate beneficial ow ner
654,057
209,462
15,925
519.4
9,249
19,398
610,167
196,051
13,844
56,738
457.4
9,052
19,242
Europe............................................................................................................................
5,281,330
1,809,158
107,395
3,787.3
112,565
203,944
5,053,338
1,686,212
87,276
392,437
3,590.6
107,843
201,406
F ra n c e ...................................................................................................................
Germany..
N etherlands.........................................................................................................
S w e d e n ................................................................................................................
Switzerland...........................................................................................................
United Kingdom..................................................................................................
815,169
675,495
767,542
31,687
1,427,268
1,282,694
235,721
380,546
335,107
23,886
9,139
18,631
13,166
(D)
184,227
455,815
(D)
7,765
40,552
527.2
684.0
472.3
180.1
438.7
995.5
19,487
68,587
33,500
7,582
16,719
(D)
776,525
667,703
724,446
31,486
1,404,231
1,174,039
206,940
371,499
314,751
43,329
176,844
403,060
18,772
8,529
14,568
1,220
7,715
30,443
58,937
67,918
45,784
11,206
50,113
120,265
496.6
664.4
445.2
179.4
416.1
908.8
12,439
42,869
14,586
5,110
6,949
16,395
18,736
68,306
33,440
7,582
16,575
34,344
Latin America and Other Western Hem isphere...................................................
(D)
207,073
9,750
418.6
(D)
(D)
319,028
189,396
8,972
50,030
358.3
13,265
(D)
Berm uda...............................................................................................................
M exico...................................................................................................................
United Kingdom Islands-C aribbean..............................................................
Venezuela.............................................................................................................
(D)
(D)
74,798
33,046
4,056
438
(D)
(D)
(D)
163
(D)
4,679
1,762
195,986
18,657
73,248
73,219
24,881
16,062
3,968
390
1,059
25,438
5,914
4,484
(D)
970
163
(D)
(D)
(D)
(D)
(D)
(D)
193.8
58.8
28.8
H
4,542
4,575
(D)
(D)
M
M
29.4
5.1
C a n a d a ...........................................................................................................................
O hh
fwc:
i
O hh
fwc:
i
(D)
(D)
(D)
(D)
5,112
(D)
(D)
(D)
(D)
(D)
(D)
A frica...............................................................................................................................
(D)
(D)
(D)
8.5
501
681
4,494
7,488
153
1,086
8.5
501
Middle East....................................................................................................................
65,992
68,611
3,282
80.1
747
(D)
62,058
66,124
2,893
12,729
72,7
744
(D)
Asia and Pacific............................................................................................................
775,996
678,747
23,345
863.7
6 5,693
210,568
726,656
625,274
19,708
93,625
788.1
61,292
203,783
Australia................................................................................................................
Japan.....................................................................................................................
Korea, Republic o f..............................................................................................
101,296
612,110
22,652
32,634
544,994
5,526
16,329
(D)
164,881
(D)
62.0
691.4
19.7
1,088
53,115
(D)
(D)
(D)
94,484
580,259
22,052
28,259
504,876
50,961
5,310
13,261
471
7,992
75,800
2,785
59.1
631.0
18.7
994
49,789
8,791
1,755
159,412
34,810
United States................................................................................................................
768,528
(D)
(D)
122.9
(D)
4,489
31,914
24,597
1,411
8,041
54.9
2,595
4,477
Manufacturing...............................................................................................................
1,312,819
1,183,649
50,798
2,166.0
116,512
182,721
1,224,595
1,100,669
44,217
266,893
2,057.8
108,554
173,867
F o o d ......................................................................................................................
Chem icals.............................................................................................................
Primary and fabricated m e ta ls .......................................................................
Machinery.............................................................................................................
Computers and electronic products...............................................................
Electrical equipment, appliances, and com ponents.................................
Transportation equipm ent................................................................................
86,668
292,115
75,879
80,439
94,651
51,490
278,926
66,931
230,049
90,080
56,597
68,781
49,245
258,875
4,968
13,439
5,954
2,217
1,048
1,095
2,418
131.9
312.6
166.7
142.8
176.5
147.0
4 34.7
6,687
22,829
5,939
8,039
11,316
6,352
36,412
3,076
34,577
8,008
9,044
14,242
6,169
61,919
85,474
266,995
68,842
79,033
4,854
11,028
5,050
2,123
1,062
1,104
2 ,173
15,466
58,953
19,298
13,667
20,198
13,563
37,461
128.7
287.8
157.4
138.8
168.7
146.5
420.3
6,634
19,481
5,469
7,932
3,068
3 3,617
7,216
8,018
(D)
(D)
51,361
274,463
64,589
212,418
77,981
53,512
63,940
49,111
2 46,663
6,339
36,033
6,148
59,277
Wholesale trade............................................................................................................
570,518
884,850
31,282
632.3
79,080
2 97,638
562,140
863,364
28,790
106,868
618.7
78,029
295,190
Retail tra d e ....................................................................................................................
75,062
157,497
1,566
632.5
578
(D)
69,449
146,128
1,301
31,822
564.0
578
5,711
Information.....................................................................................................................
380,311
145,393
14,572
333.7
1,307
(D)
207,114
81,894
3,888
33,360
223.5
972
235
Publishing industries.........................................................................................
Telecommunications..........................................................................................
(D)
(D)
35,861
2,628
(D)
122.5
M
(D)
(D)
185
(D)
(D)
67,757
82,003
31,239
26,966
1,884
1,359
14,657
8,300
106.6
47.2
455
4
185
5
Finance (except depository institutions) and insurance.....................................
4,716,284
O hh
fwc:
i
681
By industry of U.S. affiliate
O hh
fwc:
i
O hh
fwc:
i
()
D
(D)
(D)
2 85.6
(D)
(D)
3,957,790
2 57,764
18,155
40,914
215.1
(D)
(D)
7,582
47.6
115,945
34,883
6,459
15,955
46.0
(D)
541
Real estate and rental and leasing.........................................................................
134,536
38,108
(D)
541
Professional, scientific, and technical services....................................................
108,739
65,803
708
219.2
(D)
(D)
101,387
61,360
722
22,531
202.4
(D)
(D)
Other industries............................................................................................................
610,218
(D)
(D)
1,483.8
6,626
6,554
569,234
249,082
30,724
96,342
1,402.9
6,382
6,547
D Suppressed to avoid disclosure of data of individual companies.
N otes. The data in this table are from BEA’s annual survey of the operations of U.S. affiliates of foreign
companies; see “U.S. Affiliates of Foreign Companies: Operations in 2006” in the August 2008 S urvey of C urrent
B usiness.
The following ranges are given in employment cells that are suppressed: 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.
D-13
August 2008
H .
C
h a r t s
THE U.S. IN THE INTERNATIONAL ECONOMY
C O M P O N E N T S O F C U R R E N T A C C O U N T BALANCE
BALANCE ON C U R R E N T A C C O U N T
S e r v i c e s //
Incom e
Unilateral transfers
G oods
E X P O R T S A N D IM P O R T S O F G O O D S A N D S E R V IC E S
C A P ITA L F L O W S O N U .S. D IR E C T
IN V E S T M E N T A B R O A D (O U T W A R D )
A N D F O R E IG N D IR E C T IN V E S T M E N T
IN T H E U N IT E D STA TES (IN W A R D )
Inward
O utw ard ! i
Exports
N E T IN T E R N A T IO N A L IN V E S T M E N T P O S IT IO N
S E C U R IT IE S T R A N S A C T IO N S
V A L U E D AT C U R R E N T C O S T
N et foreign p u rchases of U .S. securities
Foreign assets in the United S tates
U .S . assets abroad
N e t investm ent position
N e t U .S. purchases of foreign securities
-4,000
-5 0
86
88
90
U.S. Bureau of Economic Analysis
92
94
96
98
00
02
04
06
08
I
86
I
I
88
I
I
90
I
I
92
I
I
94
I
I
96
I
98
I
I
I
00
I
I
02
I
I
04
I
I
06
08
August 2008
D-14
R egional Data
I.
S
t a t e
a n d
R
e g i o n a l
T
a b
l e s
The tables in this section include the most recent estimates of state personal income and gross domestic product by
state. The sources of these estimates are noted.
The quarterly and annual estimates of state personal income and the estimates of gross domestic product by state
are available online at <www.bea.gov>. For information on state personal income, e-mail <reis.remd@bea.gov>;
write to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Com
merce, Washington, DC 20230; or call 202-606-5360. For information on gross domestic product by state, e-mail
<gspread@bea.gov>; write to the Regional Economic Analysis Division, BE-61, Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230; or call 202-606-5340.
T a b l e 1 .1 . P e r s o n a l I n c o m e b y S t a t e a n d R e g i o n
[Millions of dollars, seaso n ally adjusted at annual rates]
2004
2005
2006
2007
2008
Area
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
I
IV
Percent
change1
2007: IV 2008:1
9,756,260 10,013,509 10,059,863 10,216,830 10,310 902 10,549,829 10,769,078 10,903,623 11,018 219 11,182,652 11,451,855 11,568,700 11,722 750 11,867,043 12,002,122
1.1
United S ta te s ....
9,608,547
New E ngland ...........................
Connecticut...........................
M aine.....................................
Massachusetts......................
New Hampshire....................
Rhode Island.........................
Vermont..................................
564,470
157,266
39,127
265,143
46,736
36,484
19,714
573,241
160,638
39,594
268,301
47,675
37,115
19,919
583,516
164,622
40,582
272,128
48,353
37,558
20,273
582,905
163,062
40,054
274,146
48,008
37,652
19,983
590,694
165,683
40,448
277,473
48,685
38,184
20,222
601
168
40
283
49
38
20
366
655
752
290
443
684
543
608,365
171,207
41,212
286,643
49,626
39,033
20,644
621,816
175,422
41,504
293,224
51,286
38,875
21,505
627,416
176,299
42,132
296,319
51,517
39,677
21,472
631
177
42
297
52
40
21
969
524
453
890
115
274
713
643,568
180,567
42,720
304,189
53,677
40,515
21,899
660,886
187,112
43,658
312,386
53,739
41,603
22,387
665,294
188,252
44,093
314,323
54,582
41,434
22,611
673
190
44
318
54
41
22
574
783
622
937
610
699
923
681,995
191,876
45,000
324,588
55,207
42,156
23,168
688,512
194,170
45,370
327,460
55,667
42,569
23,276
1.0
1.2
0.8
0.9
0.8
1.0
0.5
M ideast.....................................
Delaware................................
District of Columbia..............
Maryland................................
New Jersey...........................
New York................................
Pennsylvania.........................
1,773,927
29,081
28,910
218,775
357,892
729,477
409,793
1,805,991
29,303
29,294
220,439
364,130
746,352
416,473
1,847,325
30,436
30,135
225,630
371,430
764,467
425,227
1,850,292
30,445
30,914
227,220
370,532
766,926
424,256
1,876,471
30,697
31,441
230,547
374,441
779,948
429,397
1,910
31
32
233
380
798
434
510
215
005
978
630
073
610
1,940,528
32,324
32,227
236,897
384,190
815,349
439,540
1,989,199
33,209
33,241
241,188
399,349
833,686
448,526
2,012,425
33,328
33,591
243,817
404,186
843,177
454,325
2,028
33
34
246
405
849
458
033
669
039
447
387
832
658
2,063,958
33,270
34,360
249,761
412,096
869,051
465,420
2,132,987
34,358
35,121
254,401
423,670
909,702
475,734
2,133,180
34,682
35,418
257,477
425,074
900,982
479,547
2,162
34
36
259
427
918
485
396
993
239
417
945
125
677
2,186,236
35,245
36,534
262,866
433,076
927,418
491,097
2,224,363
35,381
37,012
266,116
438,955
950,839
496,061
1.7
0.4
1.3
1.2
1.4
2.5
1.0
Great Lakes.............................
Illinois.....................................
Indiana...................................
Michigan................................
Ohio........................................
Wisconsin.............................
1,464,502
440,980
185,086
316,016
349,447
172,973
1,483,848
446,759
187,256
320,052
353,853
175,927
1,513,450
456,790
190,708
325,666
361,190
179,097
1,513,117
456,834
190,012
326,321
360,753
179,198
1,529,030
461,217
192,693
329,913
364,213
180,994
1,544
467
194
332
367
183
803
057
517
153
684
392
1,556,463
471,391
196,170
333,509
371,419
183,973
1,586,149
482,690
200,768
337,701
375,872
189,117
1,604,262
488,713
202,612
341,408
381,000
190,529
1,616
492
204
342
384
192
321
239
383
979
323
397
1,630,394
499,377
206,244
343,258
386,654
194,860
1,666,085
510,402
210,843
349,141
396,483
199,217
1,676,957
516,244
212,365
350,201
397,709
200,438
1,692
521
214
353
400
202
929
414
324
597
844
750
1,710,988
530,239
216,693
354,554
403,779
205,723
1,728,084
535,537
219,393
357,935
408,293
206,925
1.0
1.0
1.2
1.0
1.1
0.6
Plains........................................
Iowa........................................
Kansas...................................
Minnesota.............................
Missouri.................................
Nebraska................................
North Dakota.........................
South Dakota........................
623,292
89,214
83,696
181,718
171,926
54,750
18,343
23,646
632,605
90,466
85,380
184,260
174,556
55,508
18,579
23,855
649,038
93,261
86,772
189,495
178,742
56,979
19,292
24,498
645,678
91,318
87,775
187,971
178,115
56,453
19,871
24,175
653,704
92,831
89,077
188,932
180,799
57,344
20,188
24,533
663
93
90
192
183
58
20
24
046
999
605
042
122
086
367
825
668,974
94,669
91,247
193,139
185,518
58,826
20,645
24,929
681,546
96,837
93,673
197,559
188,470
59,717
20,427
24,863
690,367
97,820
95,142
199,915
190,830
60,696
20,882
25,082
694
98
96
201
191
60
20
25
402
336
248
029
867
659
916
347
704,511
99,839
98,539
202,699
194,486
61,905
21,317
25,726
720,987
102,349
100,422
208,683
198,381
62,974
21,792
26,386
732,648
104,099
101,711
212,730
200,742
64,229
22,314
26,824
742 208
105 944
102 551
214 489
203 883
65 492
22 555
27 294
754,051
107,709
104,787
217,247
206,792
66,659
23,062
27,794
764,131
108,491
105,766
219,787
209,292
67,140
24,817
28,839
1.3
0.7
0.9
1.2
1.2
0.7
7.6
3.8
Southeast.................................
Alabama.................................
Arkansas................................
Florida....................................
Georgia..................................
Kentucky ................................
Louisiana...............................
Mississippi............................
North Carolina......................
South Carolina......................
Tennessee.............................
Virginia...................................
West Virginia.........................
2,161,701
125,119
69,719
559,727
262,313
110,696
121,173
69,077
248,049
112,557
173,148
264,687
45,438
2,194,449
126,811
71,034
567,477
266,229
112,275
122,565
70,160
252,676
114,332
175,949
269,054
45,887
2,252,177
130,174
73,277
588,191
272,528
114,697
125,500
71,335
258,794
116,927
178,717
275,290
46,746
2,279,576
130,078
73,050
597,127
276,389
115,916
127,024
72,908
260,672
118,207
180,667
280,479
47,059
2,320,568
132,386
74,356
610,817
281,488
117,893
128,601
74,114
264,679
120,304
183,253
284,985
47,691
2,276
132
75
625
286
119
52
69
268
122
186
289
48
489
837
191
167
605
305
863
651
748
095
057
842
127
2,405,562
136,857
76,675
635,606
291,915
120,492
139,301
79,059
272,151
123,780
188,564
292,480
48,683
2,438,372
138,829
78,295
648,621
294,490
122,749
132,427
77,170
279,808
126,600
191,280
297,970
50,134
2,471,600
141,164
79,569
658,666
297,841
124,392
133,927
78,001
283,547
128,074
194,913
300,697
50,811
2,500
142
80
668
301
125
135
78
287
129
195
303
51
514
824
493
443
330
599
653
605
644
503
820
345
256
2,535,666
144,427
81,574
676,580
305,677
127,234
138,098
79,647
293,041
131,396
199,751
306,381
51,861
2,588,404
147,338
83,304
689,362
313,414
129,852
142,065
81,220
299,444
134,115
202,124
313,407
52,759
2,623,747
148,795
84,723
694,556
318,240
131,561
150,219
84,072
302,411
135,862
204,536
315,668
53,105
2,657
151
86
705
319
132
151
85
306
137
206
320
53
179
213
251
625
102
608
471
585
482
950
819
243
830
2,683,834
152,958
89,413
708,927
321,375
134,445
152,976
85,666
310,860
139,616
210,621
322,565
54,411
2,704,972
154,237
87,725
716,746
325,238
135,549
152,065
85,386
313,606
140,935
211,977
326,635
54,874
0.8
0.8
-1 .9
1.1
1.2
0.8
-0 .6
-0 .3
0.9
0.9
0.6
1.3
0.9
Southwest
Arizona...................................
New Mexico..........................
Oklahoma.............................
Texas......................................
998,328
163,073
49,335
99,138
686,781
1,015,457
165,946
49,944
100,623
698,944
1,043,117
170,893
51,298
103,173
717,753
1,066,635
174,157
52,444
103,828
736,205
1,087,259
178,994
53,594
105,367
749,304
1,114
184
54
107
768
222
108
540
291
283
1,135,626
186,191
55,393
109,345
784,697
1,163,580
192,573
56,698
113,717
800,592
1,184,137
195,056
57,714
115,059
816,307
1,203
198
58
116
829
553
562
668
569
754
1,225,055
201,447
59,444
118,180
845,985
1,254,213
206,048
60,813
120,400
866,952
1,273,233
207,111
61,449
122,374
882,299
1,296
210
63
125
897
192
206
006
329
650
1,314,631
211,541
63,686
127,364
912,040
1,331,778
213,883
64,182
128,522
925,191
1.3
1.1
0.8
0.9
1.4
Rocky Mountain......................
Colorado................................
Idaho......................................
Montana.................................
Utah
Wyoming................................
306,577
162,662
37,702
25,572
63,047
17,595
309,681
163,764
38,292
25,872
63,937
17,817
318,608
168,584
39,362
26,656
65,634
18,372
323,368
171,580
39,206
26,641
67,638
18,303
329,446
174,447
39,998
27,064
69,266
18,670
335
177
40
27
71
19
964
422
792
603
006
141
340,904
179,487
41,422
27,927
72,575
19,494
349,827
185,314
42,522
28,554
73,506
19,931
354,594
186,302
43,662
28,898
75,108
20,624
360
189
43
29
76
21
794
800
947
413
416
217
366,276
191,471
45,067
29,743
78,382
21,613
374,406
195,669
45,940
30,358
80,372
22,066
380,314
198,257
46,536
30,757
82,262
22,503
386
201
47
31
83
22
563
971
270
263
208
851
394,013
206,036
48,085
31,753
84,668
23,470
397,633
208,473
47,906
31,914
85,677
23,663
0.9
1.2
-0 .4
0.5
1.2
0.8
Far West
Alaska....................................
California................................
Hawaii....................................
Nevada...................................
Oregon...................................
Washington...........................
1,715,750
22,189
1,254,107
40,536
78,813
109,195
210,911
1,740,987
22,555
1,272,152
41,344
80,954
110,226
213,756
1,806,279
23,015
1,302,488
42,346
84,313
112,080
242,037
1,798,292
23,682
1,312,089
43,334
86,870
112,456
219,862
1,829,657
24,043
1,335,194
43,959
89,989
113,910
222,562
1,864
24
1,363
44
91
115
225
502
519
071
494
171
777
471
1,893,407
24,850
1,382,667
45,344
92,826
116,671
231,049
1,938,590
25,170
1,413,588
46,232
94,352
120,569
238,679
1,958,822
25,780
1,426,103
47,016
96,756
121,846
241,322
1,982
25
1,443
47
97
123
244
633
975
049
819
755
577
459
2,013,222
26,420
1,463,044
48,291
99,893
125,647
249,928
2,053,886
27,214
1,492,278
49,393
101,899
127,892
255,211
2,083,326
27,572
1,514,048
49,803
102,840
129,687
259,377
2,111
27
1,530
50
105
131
265
709
776
834
678
112
602
708
2,141,296
28,126
1,551,196
51,233
107,778
133,312
269,651
2,162,648
28,535
1,567,165
52,035
108,348
134,816
271,749
1.0
1.5
1.0
1.6
0.5
1.1
0.8
1. Percent change was calculated from unrounded data.
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 because of differences in coverage, in the
methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 1 in “State Personal Income: First Quarter of 2008” in the July 2008 S urvey of C urrent
B usiness .
August 2008
S urvey
of
D-15
C u r r e n t B u s in e s s
T a b l e 1 .2 . A n n u a l P e r s o n a l I n c o m e a n d P e r C a p i t a P e r s o n a l I n c o m e b y S t a t e a n d R e g i o n
Personal income
Area
Per capita personal incom e1
Percent
change2
Millions of dollars
2002
2003
2004
2005
2007
2006
2 0 0 6 -2 0 0 7
Rank in
United
States
Dollars
2002
2003
2004
2005
2006
2007
United S t a t e s ..................................
8,872,871
9,150,320
9,711,363
10,284,356
10,968,393
11,645,882
6.2
30,821
31,504
33,123
34,757
36,714
38,611
New E n g la n d ...............................................................
C onnecticut................................................................
Maine...
M assachusetts..........................................................
New Ham pshire.........................................................
Rhode Islan d ..............................................................
Vermont
528,030
146,997
35,998
249,954
43,393
33,635
18,051
538,413
148,777
37,533
253,993
44,327
35,072
18,711
569,244
159,337
39,488
266,635
47,190
36,818
19,776
595,833
167,152
40,616
280,388
48,941
38,388
20,348
631,192
177,453
42,202
297,905
52,149
39,835
21,647
669,670
189,535
44,418
316,568
5 4,622
41,745
22,782
6.1
6.8
5.3
6.3
4.7
4.8
5.2
37,364
42,585
27,816
38,862
34,109
31,527
29,339
37,950
42,839
28,795
39,449
34,554
32,697
30,321
40,058
45,762
30,169
41,444
36,460
34,318
31,959
41,909
47,943
30,952
43,612
37,557
35,987
32,833
44,327
50,762
32,095
46,299
39,753
37,523
34,871
46,948
54,117
33,722
49,082
4 1,512
39,463
36,670
M ideast...
Delaware ...................................................................
District of C o lum bia..................................................
Maryland .......
New Jersey,
New York
Pennsylvania..............................................................
1,648,005
26,530
25,786
198,824
337,009
677,604
382,251
1,690,345
27,395
26,914
205,737
342,858
693,533
393,908
1,794,306
29,331
29,203
220,127
361,822
739,969
413,855
1,894,450
31,170
31,647
232,160
377,448
790,074
431,951
2,023,404
33,369
33,808
245,303
405,254
848,937
456,732
2,153,591
35,116
35,940
258,561
427,297
914,432
482,245
6.4
5.2
6.3
5.4
5.4
7.7
5.6
35,203
32,962
44,521
36,590
39,378
35,416
31,063
35,944
33,581
46,607
37,447
39,844
36,107
31,954
38,020
35,438
50,383
39,751
41,872
38,423
33,514
40,066
37,083
54,371
4 1,657
43,598
41,016
34,927
42,696
39,131
57,746
43,788
46,763
44,027
36,825
45,350
40,608
61,092
46,021
49 ,194
47,385
38,788
Great Lakes
Illinois..
Indiana.
M ichigan......................................................................
Ohio
........................................................................
W isconsin...................................................................
1,386,117
413,711
172,474
303,465
333,158
163,309
1,428,321
426,877
178,675
313,503
341,146
168,120
1,476,856
445,151
186,210
318,736
352,103
174,655
1,535,853
464,125
193,348
330,474
366,017
181,889
1,609,282
490,755
203,502
341,337
381,963
191,726
1,686,741
518,245
213,302
353,376
399,897
4.8
5.6
4.8
3.5
4.7
5.3
30,375
32,891
28,040
30,214
29,186
29,992
31,189
33,811
28,891
31,116
29,831
30,705
32,130
35,106
29,943
31,550
30,744
31,697
33,327
36,489
30,900
3 2,694
31,939
32,829
34,819
38,409
32,288
3 3,788
33,320
34,405
36,401
4 0,322
3 3,616
3 5,086
34,874
36,047
P lains
Iowa
Kansas
M innesota...................................................................
Missouri.......................................................................
Nebraska
North D ako ta..............................................................
South Dakota.............................................................
576,806
82,398
78,606
166,968
161,104
50,390
16,743
20,596
598,619
83,920
81,116
173,498
166,129
53,391
18,179
22,386
630,728
90,436
84,642
183,821
173,906
55,424
18,645
23,853
657,850
93,204
89,676
190,521
181,888
57,677
20,268
24,616
692,706
98,208
95,901
200,300
191,413
60,744
20,885
25,255
736,163
6.3
6.6
6.4
6.5
5.6
6.5
6.7
6.9
29,638
28,112
28,980
33,256
28,382
29,203
26,415
27,029
30,618
28,583
29,802
34,339
29,115
30,778
28,712
29,191
32,078
30,698
30,995
36,145
30,272
31,781
29,279
30,813
33,277
31,535
32,709
37,256
31,426
32,882
31,871
31,557
34,791
33,038
34,799
38,859
32,789
34,440
32,763
32,030
36,715
35,023
36,768
4 1,034
34,389
36,471
34,846
33,905
S o u th e a s t....................................................................
A la b a m a ......................................................................
A rkan sas.....................................................................
F lo rid a.
Georgia
Kentucky......................................................................
Louisiana.....................................................................
Mississippi..................................................................
North C arolina...........................................................
South Carolina...........................................................
Tennessee..................................................................
Virginia
W est V irginia..............................................................
1,973,853
113,835
63,234
495,489
244,957
103,866
112,744
2,183,763
126,270
70,701
565,681
264,854
111,847
122,346
69,700
250,921
113,603
174,636
267,521
45,686
2,320,549
133,040
74,818
6 17,179
284,100
118,401
111,948
73,933
266,562
121,097
184,635
286,947
47,890
2,486,538
141,811
79,983
663,077
299,834
124,993
135,026
78,356
286,010
128,893
195,441
302,098
51,016
2,640,290
149,959
85,214
701,647
84,193
304,781
136,696
204,896
318,873
53,522
6.2
5.7
6.5
5.8
6.5
5.6
10.5
7.4
6.6
6.1
4.8
5.6
4.9
27,740
25,461
23,391
29,727
28,513
25,401
25,248
22,377
27,488
25,348
27,435
33,033
24,061
28,355
26,371
24,440
30,330
28,696
25,843
25,861
23,116
27,904
25,852
28,257
34,001
24,313
29,935
28,007
25,776
32,618
29,688
27,017
27,261
24,144
29,387
27,039
29,539
35,841
25,316
31,355
2 9,306
26,989
34,798
31,193
28,387
24,901
25,490
30,713
28,460
30,827
3 7,968
26,523
33,212
30,894
28,473
36,720
32,095
29,729
31,821
27,028
32,247
29,767
32,172
39,540
28,206
34,804
32,404
30,060
38,444
33,457
63,979
228,684
104,046
159,173
240,534
43,312
2,040,368
118,356
66,476
514,378
250,806
106,319
115,695
66,305
2 34,983
107,203
165,402
250,605
43,841
S o u th w e s t...................................................................
A rizona........................................................................
New M exico................................................................
O klahom a....................................................................
Texas...
905,918
144,150
44,987
90,178
626,604
939,250
150,582
46,650
92,599
649,419
1,009,685
164,923
49,813
100,024
694,925
1,100,935
180,862
53,993
106,458
759,622
1,194,081
196,909
58,131
115,881
823,159
1,283,830
209,361
62,002
123,541
888,926
7.5
6.3
6.7
6.6
8.0
27,865
26,474
24,310
25,872
28,835
28,432
26,989
24,945
26,457
29,404
30,043
28,710
26,326
28,444
30,948
32,146
30,386
28,175
30,107
33,253
34,026
31,936
R ocky M ountain
Colorado......................................................................
Id a h o ...
Montana
Utah.,
W yoming......................................................................
283,369
153,066
33,849
22,819
58,172
15,463
289,654
154,829
34,816
24,177
59,412
332,420
175,734
40,355
27,309
70,121
18,902
357,873
188,222
43,800
29,152
75,853
20,846
382,498
199,525
4 6,776
31,090
8 2,506
22,600
6.9
6.0
6.8
6.6
8.8
8.4
29,535
33,956
25,221
25,068
24,893
29,833
33,989
25,524
26,353
25,034
31,328
35,523
27,361
27,854
26,149
33,087
37,600
28,301
2 9,183
27,992
16,420
308,950
163,736
38,079
25,813
63,565
17,756
31,101
32,882
35,283
Far West..
Alaska..
California.....................................................................
Hawaii..
Nevada
O re g o n ........................................................................
Washington.................................................................
1,570,773
20,722
1,147,716
3 6,370
6 6,632
101,882
197,452
1,625,348
21,184
1,187,040
37,837
71,183
105,161
202,942
1,737,831
22,434
1,265,970
41,027
80,250
109,718
218,432
1,846,465
24,273
1,348,255
44,283
90,214
114,703
224,736
1,973,317
25,836
1,436,446
47,340
97,189
122,909
243,597
2,093,100
27,580
1,519,547
50,359
103,847
130,353
261,415
6.1
6.7
5.8
6.4
6.9
6.1
7.3
32,330
32,243
32,826
29,599
30,739
28,931
32,573
33,047
32,543
33,554
30,506
31,802
29,565
33,166
34,938
33,906
35,440
32,713
34,442
30,621
35,289
2007
1. Per capita personal income was computed using midyear population estimates of the Census Bureau.
2. 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 estimate of personal income in the national income and product accounts because of differences in coverage, in the
201,921
104,651
102,069
213,282
202,153
64,721
22,291
26,996
319,339
131,956
149,214
29,929
32,391
35,166
1
35
3
8
17
23
12
5
2
4
19
16
37
26
28
25
27
22
11
32
24
29
34
42
48
20
38
46
31
50
36
47
31,111
34,756
28,845
33,636
31,013
33,280
41,347
29,537
39
9
49
35,831
33,029
3 1,474
34,153
37,187
40
43
33
21
36,474
41,042
31,197
32,458
31,189
10
44
41
45
37,316
34,849
39,491
29,920
30,790
29,406
40,655
43,226
6
36,755
36,261
3 7,462
34,935
3 7,450
3 1,599
3 5,838
38,872
38,138
39,626
37,023
38,994
33,299
38,212
40,800
40,352
41,571
39,239
40,480
34,784
40,414
15
7
18
13
30
14
methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 2 in “State Personal Income: Fourth Quarter of 2007 and Annual Estimates for 2007” in the April 2008
S urvey of C urrent Business.
August 2008
Regional Data
D-16
Table I.3. Disposable Personal Income and Per Capita Disposable Personal Income by State and Region
Per capita disposable personal incom e1
Disposable personal income
Percent
change2
Millions of dollars
Area
2002
2003
2004
2006
2005
2007
2 0 0 6 -2 0 0 7
Rank in
United
States
Dollars
2002
2003
2004
2005
2006
2007
9,076,542
9,615,432
10,163,821
5.7
27,171
28,061
29,558
30,675
32,185
34,872
38,990
27,170
35,874
33,041
30,572
28,861
36,040
40,092
27,625
37,369
33,706
31,905
29,302
37,799
4 1,967
28,499
39,357
35,465
33,013
30,995
39,768
4 4,354
2 9,830
41,446
36,838
34,630
32,524
34,569
32,329
47,070
35,922
37,705
3 4,844
30,901
36,583
33,913
49,739
37,493
40,248
37,095
32,377
38,606
35,179
52,450
39,153
42,070
39,621
33,948
200 7
33,697
7,822,136
8,150,333
8,666,164
454,473
123,813
31,984
214,288
38,709
2 9,644
16,036
468,091
126,684
33,713
219,666
39,979
31,192
16,857
495,549
135,760
3 5,562
230,805
42,764
3 2,799
17,859
512,400
139,779
36,251
240,253
43,923
34,034
18,160
538,235
146,708
37,474
253,241
46,524
35,048
19,241
567,261
155,342
3 9,293
267,316
48,472
36,632
20,206
5.4
5.9
4.9
5.6
4.2
4.5
5.0
32,159
35,868
2 4,713
33,317
30,427
27,786
26,064
32,993
36,477
25,864
M ary la n d .....................................................................
New Jersey.................................................................
New Y o rk .....................................................................
Pennsylvania..............................................................
1,422,594
2 3,183
2 2,308
171,570
291,335
576,527
337,670
1,474,695
24,183
23,436
178,801
299,674
597,414
351,187
1,565,954
25,898
25,459
191,478
317,360
635,806
369,952
1,634,548
27,174
27,397
200,197
1,733,708
28,919
29,120
210,038
348,796
715,269
401,567
1,833,329
30,421
30,856
219,976
365,417
764,591
422,068
5.7
5.2
6.0
4.7
30,388
28,803
38,516
31,575
34,041
30,133
27,440
31,358
29,644
40,583
3 2,544
34,826
31,103
28,489
33,182
31,291
43,924
34,577
36,726
33,014
29,959
Illinois...........................................................................
Indiana..........................................................................
M ichigan......................................................................
O h io ..............................................................................
W isconsin....................................................................
1,221,717
362,767
153,422
269,198
292,555
143,775
1,273,948
3 79,815
160,676
281,273
302,840
149,343
1,321,238
397,414
168,139
287,282
312,785
155,619
1,364,088
409,982
173,269
296,635
323,448
160,753
1,422,535
430,444
1,485,177
452,364
189,805
315,185
351,069
176,753
4.4
5.1
4.5
3.2
4.4
26,773
28,841
24,942
26,803
25,629
26,404
27,818
3 0,084
25,980
2 7,917
26,481
2 7,276
28,745
31,342
27,037
28,436
27,311
28,242
29,599
32,232
27,692
29,347
28,225
29,014
30,779
33,689
28,816
30,239
29,342
30,261
32,051
35,196
29,913
3 1,294
30,616
3 1,554
537,211
76,099
73,094
152,623
149,429
48,403
16,745
20,819
568,066
82,341
76,496
162,522
157,119
50,242
17,170
22,177
586,852
84,140
80,279
166,545
162,818
51,834
18,572
22,664
613,945
88,160
85,154
174,055
170,310
54,236
18,965
23,065
650,254
Io w a..............................................................................
K a n s a s ........................................................................
M innesota....................................................................
Missouri.......................................................................
Neb raska.....................................................................
North D ako ta..............................................................
South Dakota..............................................................
512,013
74,161
7 0,049
145,240
143,294
45,123
15,266
18,879
93,759
90,206
184,662
179,203
57,687
20,163
24,573
5.9
6.4
5.9
6.1
5.2
6.4
6.3
6.5
26,309
25,302
25,826
28,929
25,245
26,150
24,084
27,477
25,919
26,855
30,208
26,188
27,902
26,446
27,148
28,891
27,950
28,012
31,957
27,350
28,809
26,962
28,647
29,685
28,468
29,281
3 2,568
28,131
29,551
29,204
29,054
30,836
29,658
30,900
33,767
29,174
30,750
29,751
29,253
32,431
31,378
32,495
35,528
30,485
3 2,507
31,519
3 0,863
S o u th e a s t....................................................................
A la b a m a ......................................................................
A rkan sas.....................................................................
Flo rid a ..........................................................................
G eorgia........................................................................
Kentucky......................................................................
Louisiana.....................................................................
Mississippi..................................................................
North C arolina...........................................................
South Carolina...........................................................
Tennessee ..................................................................
V irg in ia........................................................................
West V irg in ia..............................................................
1,762,224
102,725
56,919
443,369
216,481
92,299
102,141
58,542
202,246
93,514
145,548
209,201
39,240
1,840,485
107,741
60,504
466,917
223,843
95,199
105,959
61,165
209,846
97,135
152,470
219,705
40,001
1,971,328
115,175
64,474
510,652
236,929
100,610
112,259
64,519
224,854
103,253
161,480
235,246
41,877
2,072,509
120,405
67,697
548,383
252,296
105,921
101,638
68,506
236,222
108,635
169,674
249,645
43,488
2,208,916
127,659
72,111
584,901
264,422
111,753
123,336
72,305
251,961
115,187
178,613
260,525
46,143
2,336,590
134,564
76,652
616,926
280,131
117,553
136,215
77,535
267,022
121,522
186,546
273,704
48,220
5.8
5.4
6.3
5.5
5.9
5.2
10.4
7.2
6.0
5.5
4.4
5.1
4.5
24,766
22,976
21,055
26,600
25,198
22,572
22,873
20,475
24,310
22,782
25,087
28,730
21,799
25,577
24,006
2 2,244
2 7,532
25,611
23,140
2 3,685
21,324
24,919
23,424
26,048
2 9,808
22,183
27,023
25,546
23,506
29,445
26,557
24,303
25,013
22,349
26,335
24,576
27,314
31,517
23,205
28,003
26,523
24,420
30,919
27,701
25,395
22,608
23,619
27,217
25,531
28,330
33,032
24,085
29,504
27,811
25,670
32,391
28,304
26,580
29,066
24,940
28,408
26,601
29,402
34,099
25,511
30,801
29,077
27,040
33,802
29,349
27,715
31,728
26,564
29,469
27,570
30,299
35,490
26,611
40
48
20
39
44
25
50
38
45
34
13
49
A rizona........................................................................
New M exico................................................................
O klahom a...................................................................
Texas ............................................................................
818,959
129,279
40,631
81,087
567,962
857,087
136,028
42,493
83,929
594,637
925,182
149,109
45,555
90,998
639,520
996,504
160,910
49,044
95,721
690,828
1,073,579
173,813
52,501
103,729
7 43,536
1,149,367
184,178
55,895
110,317
798,976
7.1
6.0
6.5
6.4
7.5
25,190
23,743
21,956
23,264
26,137
25,945
24,381
22,722
23,980
26,924
27,529
25,957
24,076
25,877
28,480
29,096
27,034
25,593
27,071
30,241
30,592
28,190
27,031
28,995
31,765
32,078
29,056
28,374
30,497
33,424
41
43
32
21
Colorado......................................................................
Id a h o ............................................................................
M o n ta n a ......................................................................
U tah..............................................................................
Wyoming......................................................................
251,784
134,727
30,512
20,572
52,123
13,850
259,930
137,882
31,603
21,981
53,574
14,890
277,937
146,185
34,662
23,486
57,451
16,153
295,113
155,218
36,073
24,542
62,445
16,836
315,346
165,042
38,829
26,062
66,969
18,444
335,126
173,846
41,253
27,719
72,455
19,851
6.3
5.3
6.2
6.4
8.2
7.6
26,243
29,888
22,735
22,600
22,304
27,856
26,771
30,269
2 3,169
23,959
2 2,574
29,817
28,183
31,716
24,906
25,343
23,634
32,096
29,373
33,211
25,299
26,226
24,928
33,237
30,708
34,627
26,525
27,526
25,961
35,970
31,956
35,760
27,513
28,939
27,390
37,969
10
46
42
47
6
Alaska...........................................................................
California.....................................................................
Haw aii...........................................................................
N e v a d a ........................................................................
O re g o n ........................................................................
Washington.................................................................
1,378,371
18,684
1,001,232
32,308
59,195
89,801
177,151
1,438,886
19,269
1,044,737
33,841
63,811
93,365
183,863
1,540,910
20,561
1,115,556
36,712
71,698
97,346
199,037
1,614,527
22,130
1,170,521
39,161
79,675
100,418
202,623
1,709,167
23,424
1,233,854
41,621
85,118
106,950
2 18,200
1,806,719
24,935
1,300,846
44,205
90,559
113,260
232,914
5.7
6.5
5.4
6.2
6.4
5.9
6.7
28,370
29,071
28,636
26,293
27,308
25,501
29,224
29,256
29,601
29,532
27,284
28,508
26,249
30,048
30,979
31,075
31,229
29,272
30,772
27,169
32,155
32,138
33,060
32,523
30,894
33,074
27,664
32,312
33,669
34,576
34,037
32,551
34,151
28,975
34,228
35,218
36,483
35,588
34,444
35,300
30,223
36,008
8
11
18
14
35
9
C o nnecticut................................................................
M ain e............................................................................
M assachusetts..........................................................
New Ham pshire.........................................................
Rhode Islan d ..............................................................
Verm ont.......................................................................
D elaw are.....................................................................
326,431
671,192
382,156
181,615
305,480
336,363
168,633
1. Per capita disposable personal income was computed using midyear population estimates of the Census Bureau.
2. 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 estimate of personal income in the national income and product accounts because of differences in coverage, in the
4.8
6.9
5.1
4.8
24,776
34,118
3 1,164
29,080
27,317
1
37
3
7
17
22
16
5
2
4
19
15
36
29
31
26
28
24
12
33
23
27
30
methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 3 in “State Personal Income: Fourth Quarter of 2007 and Annual Estimates for 2007” in the April 2008
Survey of C urrent Business.
August 2008
Survey of Current Business
D-17
T a b le I.4 . G r o s s D o m e s t ic P r o d u c t ( G D P ) b y S t a t e f o r In d u s t r ie s , 2 0 0 7
[Millions o1 dollars]
State and region
Rank of
total
G D P by
state
Total
Natural
resources Construction
and mining
Durable-goods
manufacturing
Nondurablegoods
manufacturing
U nited S t a t e s ...............
13,743,021
437,149
562,625
926,689
.........................
Connecticut.........................
M a in e ...................................
M assachusetts...................
New Ham pshire..................
Rhode Islan d ......................
Verm ont................................
744,672
216,266
48,108
3 5 1,514
57,341
46,900
24,543
3,437
500
763
1,232
313
130
499
26,311
6,137
2,120
12,758
2,217
1,969
1,111
54,641
17,405
2,858
24,569
4,734
2,975
2,099
26,435
9,968
2,454
14,321
648
7
1,413
1,129
3,729
7,395
84,100
1,951
1,026
13,990
16,126
30,458
20,550
93,687
1,256
68
6,787
23
43
13
41
44
50
M id e a s t...................................
Trade
689,087 1,685,590
Transportation
Information
and utilities
Financial
activities
2,860,733
Professional
and
business
services
1,684,211
Education
and health
services
Leisure
and
hospitality
Other
services
Government
1,090,737
505,676
316,573
1,639,241
80,855
19,352
5,836
41,025
6,229
5,444
15,859
4,250
1,077
7,480
1,431
1,023
599
71,869
19,424
6,889
3 0,947
5,414
5,822
3,373
699,401
645,310
10,173
1,610
1,504
726
84,775
23,018
6,844
38,018
8,338
5,358
3,199
27,621
7,888
2,286
11,311
3,236
1,646
1,254
33,593
8,989
1,377
18,222
2,199
1,809
997
2,969
25,139
5,771
1,957
12,086
2,268
1,759
1,298
13,689
29,998
41,890
107,727
3,112
130
7,708
27,119
36,390
33,269
275,188
4,609
2,032
29,650
65,812
108,073
65,012
112,613
1,846
1,265
13,473
23,360
40,137
3 2,533
146,216
1,280
5,900
10,546
24,103
83,276
2 1,112
671,997
26,850
14,486
60,451
115,986
355,343
98,881
354,997
7,177
22,885
38,898
67,304
150,610
68,123
227,687
3,682
6,433
23,325
37,624
95,745
60,878
81,922
1,383
3,299
8,782
15,921
36,646
15,891
59,290
1,058
5,820
6,801
9,530
22 ,564
13,517
292,494
5,265
3 0,469
4 6,863
47 ,782
110,056
52,060
E n g la n
189,898 New 104,240 d
64,621
28,943
9,567
4,079
85,993
57,699
12,481
6,872
4,694
12,770
4,465
1,954
D elaw a re.............................
39
M ary lan d ..............................
New Jersey..........................
New Y o rk .............................
Pennsylvania......................
15
8
3
6
2,522,240
60,118
93,819
268,685
465,484
1,103,024
531,110
G reat L a k e s ...........................
Illinois...................................
In d ia n a.................................
M ichigan...............................
O h io .......................................
Wisconsin............................
5
18
12
7
21
1,936,573
609,570
246,439
381,963
466,309
2 32,293
27,225
7,142
4,805
4,654
6,107
4,517
71,242
23,560
9,790
13,124
15,712
9,055
221,695
45,697
40,180
49,385
57,210
29,223
114,907
30,932
22,517
15,076
27,858
18,523
242,724
77,644
29,832
48,691
58,768
27,789
109,965
3 5,949
15,713
20,040
26,457
11,806
62,612
24,112
6,018
11,654
13,210
7,618
370,140
134,098
37,190
68,054
87,221
4 3,577
238,375
89,423
19,975
52,629
5 5,383
20,965
165,285
4 7,380
20,857
33,713
4 1,774
21,560
62,953
20,143
9,176
12,543
14,096
6,996
46,155
14,793
6,042
9,080
10,863
5 ,378
203,296
5 8,697
2 4,3 43
4 3 ,32 0
51,651
25 ,286
Iow a.......................................
K an s a s .................................
M innesota............................
Missouri................................
N eb raska.............................
North D a ko ta ......................
South D akota......................
30
32
16
22
36
49
47
872,523
129,026
117,305
254,970
229,470
80,093
27,725
33,934
36,782
8,008
6,252
7,156
4,330
5,621
3,234
2,180
32,728
4,291
3,938
9,602
9,497
3,082
1,122
1,196
73,270
15,419
11,213
21,228
16,516
4,544
1,858
2,492
49,956
10,653
6,511
12,627
14,071
4,492
775
825
110,707
15,025
14,988
32,469
30,779
9,186
3,976
4,283
51,516
7,842
7,021
11,600
12,939
8,361
2,045
1,708
37,797
3,991
7,831
9,733
11,376
2,694
1,099
1,072
158,891
2 4,556
16,623
54,546
36,558
13,749
3,843
9,016
91,854
7,841
11,310
32,593
2 9,374
7,223
1,692
1,820
75,083
9,743
8,804
23,618
20,810
6,430
2,488
3,190
28,584
3,933
3,222
7,850
9,521
2,039
808
1,210
20,402
2,777
2,811
5,689
6,023
1,706
624
771
104,954
14,946
16,780
26 ,2 58
27 ,6 74
10,967
4,159
4,170
S o u th e a s t...............................
A la b am a ...............................
A rka n s as.............................
F lo rid a..................................
G e o rg ia ................................
Kentucky...............................
Louisiana.............................
Mississippi...........................
North C aro lin a....................
South Carolina....................
Tennessee...........................
V irg in ia.................................
W est V irg in ia ......................
25
34
4
10
27
24
35
9
28
19
11
40
3,087,889
165,796
95,371
734,519
396,504
154,184
216,146
88,546
399,446
152,830
243,869
382,964
57,711
89,010
5,924
5,244
7,746
5,653
7,350
32,894
4,971
6,767
1,745
2,314
3,836
4,567
142,957
7 ,236
3,571
45,004
17,572
5,522
8,147
3,606
16,748
7,884
9,214
16,258
2,194
196,961
18,179
9,566
25,383
19,139
17,421
9,121
8,265
30,981
14,842
24,309
16,138
3,616
199,770
10,463
7,376
11,207
24,420
11,657
40,545
5,556
4 3,297
9,644
15,061
17,731
2,814
402,035
22,887
13,224
103,996
56,874
19,827
22,103
12,050
46,273
21,458
3 7,277
38,822
7,244
164,955
9,864
6,834
32,971
26,055
10,497
12,967
5,869
16,400
8 ,035
14,090
16,455
4 ,918
123,528
4,935
3,892
30,914
25,893
4,391
4,665
2,212
12,664
4,450
8,469
19,457
1,587
574,598
2 4,253
12,316
177,746
72,520
20,751
22,613
11,271
88,420
24,242
37,837
75,124
7,506
347,507
14,994
7,869
93,748
47,413
12,024
15,721
6,022
38,302
14,817
27,234
65,366
3,996
232,321
12,599
7,716
59,838
27,377
13,207
13,009
6,884
27,881
9,997
24,259
23,834
5,719
120,818
4,489
2,696
40,588
13,257
4 ,914
8,036
4,480
12,119
6 ,508
10,384
11,278
2,070
73,675
4,284
2,204
19,819
8,250
3,408
4,012
2,091
8,105
3,779
6,489
9,884
1,349
419,753
2 5,688
12,863
8 5,559
S o u th w e s t..............................
A rizo n a.................................
New M exico.........................
O klahom a............................
Te xa s.....................................
1,604,494
160,487
17
37
29
2
247,028
76,178
139,323
1,141,965
6,749
12,064
21,685
119,988
74,567
14,754
3,161
4,450
52,203
107,773
16,647
4,543
9,554
77,030
86,101
2,965
1,030
5,954
76,151
200,574
34,196
7,694
15,940
142,744
103,220
11,343
3,943
8,415
79,520
61,956
7,166
2,016
4,705
48,069
253,852
58,545
10,345
17,742
167,220
178,710
29,612
8,752
11,928
128,417
106,033
19,671
5,452
9,970
70,940
51,377
10,596
2,649
4 ,120
34,012
33,288
4,846
1,587
3,050
2 3,805
186,557
2 9,938
12,942
21,811
121,867
R o c ky M o u n ta in ...................
Colorado...............................
Id a h o .....................................
M o n tan a ...............................
U tah.......................................
W yo m in g .............................
20
42
46
33
48
458,897
236,324
51,149
34,253
105,658
31,514
33,993
12,905
3,193
3,665
4,205
10,025
25,145
12,447
2,927
2,047
5,922
1,801
23,071
9,490
3,697
890
8,621
374
11,847
5,693
1,557
609
3,331
657
55,306
27,573
7,163
4,223
13,394
2,953
23,263
8,988
2,510
2,915
5,464
3,385
28,124
21,350
1,268
1,012
3,985
509
83,309
44,121
8,798
5,314
21,956
3,120
55,916
34,257
6,340
2,603
11,305
1,411
30,756
15,377
3,968
3,170
6,907
1,334
18,527
10,368
1,780
1,614
3,594
1,172
11,338
5,708
1,027
844
3,181
577
58,302
2 8,0 47
6,919
5,346
13,793
4,196
A la s k a ..................................
C alifornia.............................
H aw aii...................................
N e v a d a .................................
O re g o n .................................
W ashington.........................
45
1
38
31
26
14
2,515,732
4 4,517
1,812,968
61,532
127,213
158,233
311,270
71,893
14,108
42,581
478
2,686
4,767
7,272
105,575
1,666
69,743
3,419
10,262
6,496
13,990
155,592
154
102,707
419
4,087
25,697
22,529
92,345
808
76,315
660
1,485
4,530
8,548
314,282
2,800
229,840
6,410
14,948
19,290
40,992
106,247
4,719
73,797
3,413
5,647
6,813
11,858
151,482
1,065
112,554
1,556
2,607
5,696
28,004
558,047
4 ,483
421,755
13,343
28,778
28,717
60,971
312,613
2 ,439
242,131
5,531
13,369
14,975
34,168
172,718
2,443
123,489
4,681
6,633
13,147
22,325
116,356
1,354
71,758
5,970
21,632
5,078
10,564
56,567
684
4 1,135
1,532
2,267
3,677
7,272
302,015
7,794
2 05,163
14,119
12,813
19,351
42 ,775
Note. Totals shown for the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GDP by state excludes and national GDP includes the compensation of Federal civilian
and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad
52,081
2 3,215
2 2,313
15,269
51,488
25,431
26 ,9 33
68,781
10,132
and for military equipment, except office equipment. Also, GDP by state and national GDP have different revision schedules.
Source: This table reflects the GDP-by-state estimates for 2007 that were released on June 5,2008.
August 2008
D-18
J. Local Area Table
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2004-2006—Continues
Per capita personal incom e1
Personal income
Area
Percent change from
preceding period 2
Millions of dollars
2004
2004
2005
2006
9,711,363
10,284,356
10,968,393
5.9
6.7
33,123
34,757
36,714
4.9
5.6
M etropolitan p o r tio n .......................................................................
8,478,159
8,998,025
9,611,205
6.1
6.8
34,733
36,483
38,564
5.0
5.7
N on m e tro p olitan p o r tio n ...............................................................
1,233,204
1,286,331
1,357,188
4.3
5.5
25,119
26,115
27,403
4.0
4.9
M etropolitan S tatistical A r e a s 4 ................................
Abilene, T X .............................................................................................
Akron, OH
Albany, G A ...............................................................................................
Albany-Schenectady-Troy, N Y ...........................................................
Albuquerque, N M ..................................................................................
Alexandria, L A ........................................................................................
Allentown-Bethlehem-Easton, P A -N J..............................................
Altoona, PA..............................................................................................
Amarillo, T X ............................................................................................
Ames, IA
Anchorage, A K .......................................................................................
Anderson, I N ..........................................................................................
Anderson, S C .........................................................................................
Ann Arbor, M l .........................................................................................
Anniston-Oxford, A L .............................................................................
Appleton, W l...........................................................................................
Asheville, N C ................................
Athens-Clarke County, GA
Atlanta-Sandy Springs-Marietta, G A ................................................
Atlantic City-Hammonton, N J ...
Auburn-Opelika, A L ....................
Augusta-Richmond County, G A -S C ..................................................
Austin-Round Rock, T X .............
Bakersfield, C A ......................................................................................
Baltimore-Towson, M D ........................................................................
Bangor, M E ,
Barnstable Town, M A ...........................................................................
Baton Rouge, L A ...................................................................................
Battle Creek, Ml
Bay City, M l ....
Beaumont-Port Arthur, T X ..................................................................
Bellingham, W A ......................................................................................
Bend, O R .................................................................................................
Billings, M T ...................................
Binghamton, N Y ..........................
Birmingham-Hoover, A L ............
Bismarck, N D ...............................
Blacksburg-Christiansburg-Radford, V A ..........................................
Bloomington, IN ...........................
Bloomington-Normal, I L ...........
Boise City-Nam pa, ID ...........................................................................
Boston-Cambridge-Quincy, M A -N H ..................................................
Boulder, C O ..................................
Bowling Green, K Y .....................
Bradenton-Sarasota-Venice, FL
Bremerton-Silverdale, W A ..................................................................
Bridgeport-Stamford-Norwalk, C T ....................................................
Brownsville-Harlingen, T X ...................................................................
Brunswick, G A ........................................................................................
Buffalo-Niagara Falls, N Y ....................................................................
Burlington, N C ..
Burlington-South Burlington, V T ........................................................
Canton-Massillon, O H ..........................................................................
Cape Coral-Fort Myers, F L .................................................................
Carson City, N V .....................................................................................
Casper, W Y ....
C edar Rapids, IA ...................................................................................
Champaign-Urbana, IL ........................................................................
Charleston, W V .....................................................................................
Charleston-North Charleston-Summerville, S C ...........................
Charlotte-Gastonia-Concord, N C -S C ..............................................
Charlottesville, V A .................................................................................
Chattanooga, T N -G A ............................................................................
Cheyenne, W Y ......................................................................................
Chicago-Naperville-Joliet, IL -IN -W I..................................................
Chico, C A ........................
Cincinnati-Middletown, O H -K Y-IN .....................................................
Clarksville, TN -K Y
Cleveland, T N .........................................................................................
Cleveland-Elyria-Mentor, O H ..............................................................
Coeur d’Alene, ID
College Station-Bryan, T X ..................................................................
Colorado Springs, C O ..........................................................................
Columbia, M O ..
Columbia, S C ...
Columbus, G A -A L .................................................................................
Columbus, IN ....
Columbus, O H ........................................................................................
Corpus Christi, T X .................................................................................
Corvallis, O R ....
Cumberland, M D -W V ...........................................................................
4,167
22,472
3,846
29,107
22,993
4,064
25,233
3,349
6,319
2,436
12,861
3,602
4,477
13,058
2,951
6,835
10,797
4,406
161,948
8,696
2,856
13,964
46,135
17,585
103,319
4,032
9,443
20,301
3,801
2,986
10,202
5,100
4,081
4,567
6,777
36,618
3 ,078
3,484
4 ,565
5 ,113
16,385
200,371
12,038
2,871
26,398
8,285
58,119
6,236
2,897
35,581
3,668
7,024
11,343
18,442
2,032
2,614
7,872
6,381
9 ,033
16,988
51,625
6,384
14,456
2,997
352,359
5,496
70,676
6,525
2,832
72,537
3,177
4,384
18,221
4,520
20,152
7,997
2,368
56,746
11,129
2,719
2,386
4,414
23,649
4,021
30,582
24,804
4,386
26,461
3,488
6,843
2,558
13,898
3 ,644
4 ,704
13,354
3 ,075
7 ,165
11,358
4 ,702
174,810
9,027
3,029
14,678
50,988
18,804
108,479
4,196
9,591
22,016
3,951
3,041
10,860
5,421
4 ,502
4,848
6,884
38,575
3,299
3 ,734
4,730
5,145
17,394
211,565
13,311
3,106
29,233
8,706
61,623
6,619
3,051
36,323
3,764
7,236
11,781
20,939
2,168
2,770
8,228
6,256
9,433
18,671
55,683
6,868
15,241
3,153
371,160
5,744
74,295
7,458
2,956
75,337
3,482
4,721
19,528
4,731
21,441
8,740
2,427
59,651
12,065
2,693
2,468
4,740
24,635
4,149
32,527
26,764
4,611
28,129
3,627
7,335
2,728
14,775
3,805
4,950
13,874
3,264
7,521
5.9
5.2
4.6
5.1
7.9
7.9
4.9
4.1
8.3
5.0
8.1
1.2
5.1
2.3
4.2
4.8
5.2
6.7
7.9
3.8
6.1
5.1
10.5
6.9
5.0
4.1
1.6
8.4
3.9
1.8
6.5
6.3
10.3
6.2
1.6
5.3
7.2
7.2
3.6
0.6
6.2
5.6
10.6
8.2
10.7
5.1
6.0
6.1
5.3
2.1
2.6
3.0
3.9
13.5
6.7
6.0
4.5
- 2 .0
4.4
9.9
7.9
7.6
5.4
5.2
5.3
4.5
5.1
14.3
4.4
7.4
4.2
3.2
6.4
7.9
5.1
6.3
4.0
7.2
6.7
6.3
4.4
5.2
3.9
6.1
5.0
26,259
32,065
23,810
3 4,477
29,443
2 7,835
3 2,520
2 6,457
26,853
2 9,644
37,178
27,429
25,919
38,211
26,442
3 2,214
7.8
5.0
5.8
6.1
7.4
4.4
9.2
6.6
5.6
3.5
5.9
9.2
4.0
4.2
7.2
6.9
11.0
6.5
6.8
6.5
5.4
5.7
5.1
6.2
10.2
6.7
6.7
6.2
8.2
8.0
7.8
6.5
7.8
5.5
6.6
6.4
2.9
9.2
5.5
12.0
5.6
5.5
6.3
6.6
8.6
6.5
6.0
7.9
6.0
6.2
4.6
8.1
3.1
4.5
9.4
8.3
5.7
5.8
7.1
6.0
6.7
5.0
7.8
6.6
4.8
2 7,913
24,695
33,662
32,643
2 3,474
27,138
3 2,417
24,133
3 9,154
2 7,488
41,609
27,970
27,370
27,395
2 6,794
28,036
30,421
31,655
27,262
3 3,900
31,472
22,713
25,345
32,238
31,246
44,988
42,713
26,244
40,632
34,746
64,880
17,047
29,940
30,935
26,568
34,311
27,767
35,949
36,441
38,050
32,111
29,519
29,508
28,762
35,038
34,526
29,074
35,140
37,620
25,747
33,901
26,638
26,473
34,062
26,108
22,570
31,389
29,469
29,423
28,308
32,638
33,433
27,313
34,373
23,757
27,790
33,739
24,811
36,107
31,061
29,908
33,677
27,693
28,750
31,158
39,525
27,871
26,975
38,682
27,445
33,455
29,022
26,223
35,262
33,589
24,181
28,356
34,701
25,050
40,933
28,537
42,618
30,154
28,588
28,000
28,519
29,214
31,909
33,142
27,856
35,448
33,172
24,136
26,153
32,195
31,925
47,491
47,032
27,838
43,700
36,308
68,840
17,760
31,234
31,825
26,913
35,211
28,895
38,598
38,938
39,865
33,269
28,800
30,959
31,026
36,580
36,546
30,316
36,922
39,454
26,691
35,326
29,618
27,357
35,555
27,449
23,963
33,131
30,257
31,001
30,771
33,156
34,777
29,353
33,814
24,775
29,847
35,188
25,432
38,213
32,727
30,800
35,369
28,865
30,515
32,556
41,104
29,000
27,955
39,892
28,959
34,786
30,767
26,924
36,060
35,480
25,399
29,328
36,328
25,938
43,026
29,324
45,445
31,443
29,862
29,317
31,104
30,688
33,522
34,923
29,787
37,331
34,357
25,257
27,240
33,704
33,774
50,542
49,628
28,904
46,486
39,353
74,281
18,559
32,889
33,803
28,265
37,280
2 9,769
40,113
41,478
44,152
34,826
30,128
33,010
32,246
38,164
38,383
31,685
39,647
41,591
28,034
36,650
31,910
27,833
37,406
29,134
25,454
34,255
31,325
32,614
31,922
35,004
36,110
31,464
35,722
26,038
5.8
5.2
4.2
4.7
5.5
7.4
3.6
4.7
7.1
5.1
6.3
1.6
4.1
1.2
3.8
3.9
4.0
6.2
4.8
2.9
3.0
4.5
7.0
3.8
4.5
3.8
2.4
7.8
4.5
2.2
6.4
4.2
4.9
4.7
2.2
4.6
5.4
6.3
3.2
-0 .1
2.2
5.6
10.1
6.1
7.6
4.5
6.1
4.2
4.3
2.9
1.3
2.6
4.1
7.4
6.9
4.8
3.6
- 2 .4
4.9
7.9
4.4
5.9
4.3
5.1
4.9
3.7
4.2
11.2
3.3
4.4
5.1
6.2
5.5
2.7
5.4
8.7
1.6
4.0
7.5
- 1 .6
4.3
7.4
4.3
2.5
5.8
5.4
3.0
5.0
4.2
6.1
4.5
4.0
4.1
3.6
3.1
5.5
4.0
6.0
2.7
2.3
5.6
5.0
3.4
4.7
3.5
5.1
2.8
6.6
4.3
4.5
4.7
9.1
5.0
5.1
5.4
See the footnotes at the end of the table.
7,353
41,067
3,479
3,945
4,973
5,462
19,175
225,705
14,200
3,299
31,634
9,399
6 6,407
7,047
3,288
38,311
4,013
7,696
12,127
22,868
2,286
3,102
8,693
6,598
10,030
19,901
6 0,483
7,316
16,148
3,401
393,382
6,100
77,740
8,060
3,047
78,752
3,808
5,113
20,639
5,004
22,953
9,268
2,590
62,635
13,006
2,870
2,586
2006
3.9
9.6
7.7
7.2
4.7
6.4
9.3
2.5
5.1
8.4
- 1 .0
3.5
2005
2006
Percent change from
preceding period
U nited S t a t e s 3......................................................
12,239
4,936
184,911
9,577
3,252
15,327
55,665
20,042
114,592
4,342
10,157
24,038
4,107
3,168
11,646
5,793
4,997
5,162
2005
Rank in
United
States
Dollars
2006
235
101
342
59
155
207
99
270
215
160
34
266
299
43
268
109
208
322
85
95
343
250
81
337
26
252
14
192
233
254
198
212
137
106
239
71
116
345
315
132
131
7
10
269
13
49
1
362
151
130
288
72
240
39
31
21
108
226
148
165
60
53
184
46
30
296
79
179
301
70
260
341
120
194
158
178
105
84
191
91
334
2005
2006
6.9
5.3
3.6
4.6
4.2
4.7
5.8
6.4
5.5
3.8
6.4
8.4
7.9
4.5
5.3
6.2
5.0
5.9
3.0
3.9
6.5
10.8
4.7
4.6
6.6
3.9
4.3
5.0
4.5
7.4
5.4
5.0
3.7
7.7
1.7
5.2
6.1
6.2
3.4
3.5
5.2
3.7
5.6
3.8
7.2
5.6
5.1
August 2008
Survey of Current Business
D-19
T a b le J .1 . P e r s o n a l In c o m e a n d P e r C a p it a P e r s o n a l In c o m e b y M e t r o p o lit a n A r e a , 2 0 0 4 - 2 0 0 5 — C o n tin u e s
Personal income
Area
Per capita personal income
Percent change from
preceding period 2
Millions of dollars
2004
2005
2006
203,669
3,428
2,034
2,674
11,727
25,808
4 ,136
3,449
12,964
93,971
18,769
161,152
3,667
3,770
2,655
7,999
15,209
4,181
3,219
3,097
5,828
2,306
15,647
7,461
9,289
10,854
2,736
5,774
2 ,736
9,731
10,753
3,259
11,979
5,212
3,470
3,036
8,748
6,976
5,994
12,080
21,745
2,573
6,808
4,135
3,447
2,834
2,700
3,449
23,511
2,352
5,264
9,326
20,061
4,165
16,529
6,579
6,780
2,967
17,527
2,820
48,156
3,081
9,156
1,495
7,425
31,244
2,461
5,086
194,828
7,025
11,363
2,967
56,622
4,504
2,748
4,277
15,156
2 ,992
40,510
4 ,338
4,330
4,021
4 ,666
3,725
2,642
4,088
221,192
3,526
2,022
2,720
12,099
26,685
4,326
3,575
13,778
100,447
19,745
167,565
3,894
4,006
2,773
8,096
15,983
4,412
3,396
3,254
6,160
2,437
17,156
7,677
9,812
11,335
3,025
6,156
3,010
10,740
11,725
3,493
12,131
5,441
3,653
3,124
9,354
7,458
6,425
12,415
22,752
2,673
7,359
4,548
3,611
2,925
2,822
3,748
24,593
2,426
5,713
9,636
21,016
4,439
17,528
6,446
7,260
3,109
18,210
3,010
50,523
3,271
9,573
1,615
7,890
33,684
2,667
5,291
216,765
7,301
12,174
3,236
59,477
4,662
2,815
4,453
16,164
3,131
44,281
4,895
4,455
4,215
4,859
3,870
2,775
4,259
238,858
3,674
2,100
2,764
12,814
27,823
4,542
3,723
14,683
107,788
21,118
171,339
4,147
4,234
2,924
8,533
17,216
4,659
3,592
3,490
6,429
2,586
18,123
8,046
10,483
11,986
3,292
6,557
3,306
11,442
12,625
3,767
12,616
5,799
3,852
3,251
9,968
8,020
6,862
13,057
23,980
2,799
7,854
4,846
3,822
3,093
2,945
4,122
25,635
2,599
6,120
10,038
22,346
4,776
18,615
7,092
7,765
3,329
19,097
3,147
53,147
3,583
10,175
1,685
8,261
35,954
2,896
6,345
237,784
7,719
13,114
3,509
6 3,030
4,957
3,001
4,583
17,152
3,262
47,972
5,174
4,802
4,390
5,117
4,051
2,947
4,485
2005
2006
Rank in
United
States
Dollars
2004
2005
2006
2006
Percent change from
preceding period
2005
2006
M etropolitan S tatistical A reas 4— Continued
Dallas-Fort Worth-Arlington, T X .......................................................
Dalton, G A ...............................................................................................
Danville, IL ...........................................
Danville, V A ........................................
Davenport-Moline-Rock Island, IA -IL ..............................................
Dayton, O H .........................................
Decatur, A L ............................................................................................
Decatur, IL ............................
Deltona-Daytona Beach-Ormond Beach, F L ................................
Denver-Aurora, C O .............
Des M oines-W est Des Moines, IA ....................................................
Detroit-Warren-Livonia, Ml
Dothan, A L ...........................
Dover, D E ..............................
Dubuque, IA ...........................................................................................
Duluth, M N -W I
...............................................................................
Durham, N C ...........
Eau Claire, W l
El Centro, C A ..
Elizabethtown, K Y .
Elkhart-Goshen, IN
Elmira, N Y ..............................................................................................
El Paso, T X .............................................................................................
Erie, PA
............................................................................................
Eugene-Springfield, O R ......................................................................
Evansville, IN -K Y ...................................................................................
Fairbanks, A K .........................................................................................
Fargo, N D -M N .......................................................................................
Farmington, N M .....................................................................................
Fayetteville, N C .....................................................................................
Fayetteville-Springdale-Rogers, A R -M O ........................................
Flagstaff, A Z ...........................................................................................
Flint, Ml
............................................................................................
Florence, SC
Florence-M usde Shoals, A L .............................................................
Fond du Lac, W l....................................................................................
Fort Collins-Loveland, C O .
Fort Smith, A R -O K ...............................................................................
Fort Walton Beach-Crestview-Destin, F L .......................................
Fort Wayne, I N ......................................................................................
Fresno, CA
Gadsden, A L ..........................................................................................
Gainesville, F L ......................................................................................
Gainesville, G A .....................................................................................
Glens Falls, N Y .....................................................................................
Goldsboro, NC
Grand Forks, N D -M N ..........................................................................
Grand Junction, C O ..............................................................................
Grand Rapids-Wyoming, M l...............................................................
Great Falls, M T ....................
Greeley, C O ..........................
Green Bay, W l .....................
Greensboro-High Point, NC
Greenville, N C .....................
Greenville-Mauldin-Easley, S C ..........................................................
Gulfport-Biloxi, M S ...............................................................................
Hagerstown-Martinsburg, M D -W V ...................................................
Hanford-Corcoran, CA
Harrisburg-Carlisle, PA
Harrisonburg, V A .................
Hartford-West Hartford-East Hartford, C T ......................................
Hattiesburg, M S ..................
Hickory-Lenoir-Morganton, N C .........................................................
Hinesville-Fort Stewart, G A ................................................................
Holland-Grand Haven, M l...................................................................
Honolulu, H I ...........................................................................................
Hot Springs, A R ....................................................................................
Houma-Bayou Cane-Thibodaux, L A ...............................................
Houston-Sugar Land-Baytown, T X ...................................................
Huntington-Ashland, W V -K Y -O H ......................................................
Huntsville, A L ......................
Idaho Falls, I D .....................
Indianapolis-Carmel, IN
Iowa City, IA ............................................................................................
Ithaca, N Y ..
Jackson, Ml
Jackson, M S ...........................................................................................
Jackson, T N ...........................................................................................
Jacksonville, F L .....................................................................................
Jacksonville, N C ....................................................................................
Janesville, W l .........................................................................................
Jefferson City, M O ................................................................................
Johnson City, T N ...................................................................................
Johnstown, PA........................................................................................
Jonesboro, A R ........................................................................................
Joplin, M O .
See the footnotes at the end of the table.
8.6
2.9
-0 .6
1.7
3.2
3.4
4.6
3.7
6.3
6.9
5.2
4.0
6.2
6.3
4.4
1.2
5.1
5.5
5.5
5.1
5.7
5.7
9.6
2.9
5.6
4.4
10.6
6.6
10.0
10.4
9.0
7.2
1.3
4.4
5.3
2.9
6.9
6.9
7.2
2.8
4.6
3.9
8.1
10.0
4.8
3.2
4.5
8.7
4.6
3.1
8.5
3.3
4.8
6.6
6.0
- 2 .0
7.1
4.8
3.9
6.7
4.9
6.2
4.6
8.0
6.3
7.8
8.4
4.0
11.3
3.9
7.1
9.0
5.0
3.5
2.4
4.1
6.7
4.6
9.3
12.8
2.9
4.8
4.1
3.9
5.0
4.2
8.0
4.2
3.8
1.6
5.9
4.3
5.0
4.1
6.6
7.3
7.0
2.3
6.5
5.7
5.4
5.4
7.7
5.6
5.8
7.3
4.4
6.1
5.6
4.8
6.8
5.7
8.8
6.5
9.9
6.5
7.7
7.8
4.0
6.6
5.5
4.1
6.6
7.5
6.8
5.2
5.4
4.7
6.7
6.6
5.8
5.7
4.4
10.0
4.2
7.2
7.1
4.2
6.3
7.6
6.2
10.0
7.0
7.1
4.9
4.6
5.2
9.5
6.3
4.4
4.7
6.7
8.6
19.9
9.7
5.7
7.7
8.4
6.0
6.3
6.6
2.9
6.1
4.2
8.3
5.7
7.8
4.1
5.3
4.7
6.2
5.3
35,831
26,610
24,737
24,891
31,435
30,602
28,261
31,377
27,175
40,324
36,601
35,767
2 7,299
2 7,153
2 9,280
2 9,075
33,608
27,254
21,382
2 8,430
30,610
2 5,795
2 2,178
2 6,663
27,943
31,313
29,614
31,410
2 2,623
27,861
27,372
26,431
2 7,219
2 6,568
24,491
30,919
32,130
24,881
32,893
30,166
25,224
25,083
27,888
25,833
27,175
2 4,927
2 7,584
27,116
30,730
28,781
24,094
31,674
30,120
25,767
28,361
25,853
27,885
20,794
33,851
25,055
40,907
23,719
26,065
20,521
29,408
34,875
26,739
25,791
37,402
24,618
31,318
27,144
34,894
31,938
27,438
26,417
29,355
27,196
33,107
26,752
27,855
2 8,330
2 4,918
2 5,202
2 3,710
2 4,933
38,089
26,984
24,719
25,492
32,405
31,739
29,401
32,649
28,329
42,476
37,650
37,204
28,701
27,881
30,462
29,515
34,775
28,519
22,074
29,500
31,826
27,567
24,081
27,520
29,209
32,612
32,001
33,108
24,675
31,110
28,694
28,008
27,602
27,641
25,741
31,745
33,886
26,376
35,023
30,813
26,052
26,071
29,663
27,458
28,282
25,797
28,992
28,917
31,966
29,647
25,183
32,503
31,138
27,030
29,715
25,101
29,071
21,609
34,992
26,329
42,782
24,800
27,034
21,844
30,995
37,343
28,592
26,764
40,734
25,652
32,949
28,879
36,160
32,706
28,088
27,370
30,977
28,260
35,439
30,619
28,467
29,363
25,709
26,347
24,640
25,647
3 9,924
2 7,720
25,700
26,008
34,236
33,195
30,683
34,133
29,615
44,691
39,418
3 8,119
3 0,147
28,616
3 1,959
31,152
36,693
2 9,837
22,769
3 1,524
32,723
29,320
24,977
2 8,767
30,825
34,378
34,722
34,639
27,155
32,817
29,807
29,879
2 8,803
29,328
27,025
32,923
35,397
27,985
37,497
32,127
27,081
27,194
30,971
28,110
29,799
27,417
30,093
30,746
33,172
31,740
26,002
33,627
32,539
28,280
30,998
31,171
30,289
22,771
36,395
27,120
44,835
26,469
28,500
23,510
32,122
39,653
30,400
31,562
43,174
27,145
34,689
30,396
37,735
34,272
29,857
28,100
32,287
29,066
37,519
31,942
30,356
30,325
26,735
27,733
25,705
26,601
42
307
339
335
122
143
213
124
245
18
48
61
225
279
173
197
78
236
356
190
156
253
347
275
206
114
110
112
317
152
237
231
273
250
321
150
98
298
68
169
320
316
203
293
238
311
227
211
144
183
336
134
161
287
202
196
221
355
80
319
17
330
284
353
170
45
217
188
25
318
111
218
64
119
234
294
164
262
67
176
219
220
325
305
338
327
6.3
1.4
-0 .1
2.4
3.1
3.7
4.0
4.1
4.2
5.3
2.9
4.0
5.1
2.7
4.0
1.5
3.5
4.6
3.2
3.8
4.0
6.9
8.6
3.2
4.5
4.1
8.1
5.4
9.1
11.7
4.8
6.0
1.4
4.0
5.1
2.7
5.5
6.0
6.5
2.1
3.3
3.9
6.4
6.3
4.1
3.5
5.1
6.6
4.0
3.0
4.5
2.6
3.4
4.9
4.8
- 2 .9
4.3
3.9
3.4
5.1
4.6
4.6
3.7
6.4
5.4
7.1
6.9
3.8
8.9
4.2
5.2
6.4
3.6
2.4
2.4
3.6
5.5
3.9
7.0
14.5
2.2
3.6
3.2
4.5
3.9
2.9
4.8
2.7
4.0
2.0
5.7
4.6
4.4
4.5
4.5
5.2
4.7
2.5
5.0
2.6
4.9
5.5
5.5
4.6
3.1
6.9
2.8
6.4
3.7
4.5
5.5
5.4
8.5
4.6
10.1
5.5
3.9
6.7
4.4
6.1
5.0
3.7
4.5
6.1
7.1
4.3
3.9
4.3
4.4
2.4
5.4
6.3
3.8
6.3
3.8
7.1
3.3
3.5
4.5
4.6
4.3
24.2
4.2
5.4
4.0
3.0
4.8
6.7
5.4
7.6
3.6
6.2
6.3
17.9
6.0
5.8
5.3
5.3
4.4
4.8
6.3
2.7
4.2
2.9
5.9
4.3
6.6
3.3
4.0
5.3
4.3
3.7
D-20
Regional Data
August 2008
T a b le J .1 . P e r s o n a l I n c o m e a n d P e r C a p it a P e r s o n a l In c o m e b y M e t r o p o lit a n A r e a , 2 0 0 4 - 2 0 0 6 — C o n tin u e s
Per capita personal income
Personal income
Percent change from
preceding period 2
Millions of dollars
Area
2004
2005
2006
9,472
2,852
66,197
5,973
9,337
7,815
5,190
19,229
3,003
3,735
4,796
7,081
5,092
3,755
14,435
15,122
13,269
3,882
4,030
54,976
2,871
2,962
3,732
1,595
3,045
13,769
2,849
8,937
2 0,014
2,435
5,572
2,400
452,201
39,284
6,787
6,406
6,458
3,003
19,641
15,358
3,328
10,209
5,502
40,760
5,359
189,818
2,861
4,543
54,933
127,551
2,926
9,624
12,868
4,453
4,564
10,657
3,045
3,030
3,387
3,017
4,346
5,616
5,469
14,843
48,574
31,944
40,660
813,200
4,595
10,121
7,463
3,739
2,916
12,825
35,762
7,367
29,023
56,014
5,002
2,922
30,438
9 ,814
2,896
69,531
6,214
10,544
8,058
5,514
20,212
3,074
3,887
5,043
7,772
4 ,535
4 ,140
15,961
15,868
13,772
4 ,295
4,406
63,041
3,085
3,141
3,912
1,639
3,145
14,693
2,928
9,276
21,495
2,559
5,964
2,497
482,011
41,296
7,208
6,748
6,726
3,152
20,709
15,682
3,398
11,211
5,861
42,718
5,491
206,523
2 ,950
5,141
57,351
133,237
3,077
10,043
13,527
4,687
4,728
11,176
3,274
3,161
3,587
3,097
4,461
6,113
5,903
16,617
52,295
33,127
26,102
866,981
4,706
10,403
8,366
3,852
3,252
13,846
38,449
7,785
30,732
61,757
5,211
3,109
32,303
10,281
3,027
73,692
6,428
11,648
8,515
5,966
21,537
3,196
4,107
5,249
8,723
5,777
4,513
17,309
16,572
14,546
4,580
4,712
68,032
3,280
3,491
4,109
1,737
3,240
15,643
3,032
9,776
23,055
2,684
6,491
2,647
513,123
43,935
7,643
7,134
7,044
3,250
21,963
16,593
3,485
12,003
6,256
45,108
5,615
220,610
3,077
6,011
60,906
140,320
3,282
11,001
14,097
4,920
4,986
11,971
3,510
3,307
3,873
3,208
4,628
6,667
6,242
17,990
5 6,135
34,964
39,829
935,178
4,949
10,809
9,119
4,009
3,671
2005
2006
Rank in
United
States
Dollars
2004
2005
2006
2006
Percent change from
preceding period
2005
2006
M etro p o litan S tatistical A reas 4 Continued
—
Kalamazoo-Portage, M l.......................................................................
Kankakee-Bradley, IL............................................................................
Kansas City, M O -K S .............................................................................
Kennewick-Pasco-Richland, W A .......................................................
Killeen-Temple-Fort Hood, T X ...........................................................
Kingsport-Bristol-Bristol, T N -V A ........................................................
Kingston, N Y ....
Knoxville, T N ....
Kokomo, IN
La Crosse, W I-M N .................................................................................
Lafayette, IN
Lafayette, LA...........................................................................................
Lake Charles, LA ........
Lake Havasu City-Kingman, A Z ........................................................
Lakeland-W inter Haven, F L ................................................................
Lancaster, P A .................
Lansing-East Lansing, M l....................................................................
Laredo, T X .......................
Las Cruces, N M .............
Las Vegas-Paradise, N V ......................................................................
Lawrence, K S .........................................................................................
Lawton, O K ..............................................................................................
Lebanon, P A ...........................................................................................
Lewiston, ID -W A ....................................................................................
Lewiston-Auburn, M E ...........................................................................
Lexington-Fayette, K Y ..........................................................................
Lima, O H .................................................................................................
Lincoln, N E ..............................................................................................
Little Rock-North Little Rock-Conway, A R ......................................
Logan, U T -ID .............................................
Longview, T X .............................................
Longview, W A ............................................
Los Angeles-Long Beach-Santa Ana, C A ......................................
Louisville-Jefferson County, KY-IN.......
Lubbock, T X ..............................................
Lynchburg, V A ........................................................................................
Macon, GA
Madera, C A ............................................................................................
Madison, W l ...........................................................................................
M anchester-Nashua, N H .....................................................................
Mansfield, O H .........................................................................................
McAllen-Edinburg-Mission, T X ..........................................................
Medford, O R ...........................................................................................
Memphis, T N -M S -A R ...........................................................................
Merced, C A ............................................................................................
Miami-Fort Lauderdale-Pompano Beach, F L ................................
Michigan City-La Porte, IN ....
Midland, T X ............................................................................................
M ilw aukee-W aukesha-W est Allis, W l ..............................................
Minneapolis-St. Paul-Bloomington, M N -W I...................................
Missoula, M T ..........................................................................................
Mobile, AL
Modesto, C A ...........................................................................................
Monroe, L A ..............................................................................................
Monroe, M l ..............................................................................................
Montgomery, A L ....................................................................................
Morgantown, W V ...................................................................................
Morristown, T N .......................................................................................
Mount Vernon-Anacortes, W A ...........................................................
Muncie, I N ....................................
Muskegon-Norton Shores, M l ...........................................................
Myrtle Beach-North Myrtle Beach-Conway, S C ...........................
Napa, C A .................................................................................................
Naples-Marco Island, F L .....................................................................
Nashville-Davidson-Murfreesboro-Franklin, T N ...........................
New Haven-Milford, C T .......................................................................
N ew Orleans-Metairie-Kenner, LA ....................................................
New York-Northern New Jersey-Long Island, NY-NJ-PA............
Niles-Benton Harbor, M l......................................................................
Norwich-New London, C T ..................................................................
Ocala, FL
.....................................................................................
O cean City, NJ..
Odessa, TX
Ogden-Clearfield, U T ...........................................................................
Oklahoma City, O K ...............................................................................
Olympia, WA
Omaha-Council Bluffs, N E -IA ............................................................
Orlando-Kissimmee, FL.......................................................................
Oshkosh-Neenah, W l ...........................................................................
Owensboro, K Y .....................................................................................
Oxnard-Thousand Oaks-Ventura, C A ..............................................
See the footnotes af the end of the table.
14,938
41,907
8,371
32,917
66,129
5,457
3,255
33,940
3.6
1.6
5.0
4.0
12.9
3.1
6.3
5.1
2.4
4.1
5.2
9.8
- 1 0 .9
10.2
10.6
4.9
3.8
10.6
9.3
14.7
7.4
6.1
4.8
2.8
3.3
6.7
2.8
3.8
7.4
5.1
7.0
4.0
6.6
5.1
6.2
5.3
4.2
5.0
5.4
2.1
2.1
9.8
6.5
4.8
2.4
8.8
3.1
13.1
4.4
4.5
5.2
4.4
5.1
5.3
3.6
4.9
7.5
4.3
5.9
2.6
2.6
8.9
7.9
11.9
7.7
3.7
-3 5 .8
6.6
2.4
2.8
12.1
3.0
11.5
8.0
7.5
5.7
5.9
10.3
4.2
6.4
6.1
4.8
4.5
6.0
3.4
10.5
5.7
8.2
6.6
4.0
5.7
4.1
12.2
27.4
9.0
8.4
4.4
5.6
6.6
7.0
7.9
6.3
11.2
5.0
6.0
3.0
6.5
3.6
5.4
7.3
4.9
8.8
6.0
6.5
6.4
6.0
5.7
4.7
3.1
6.1
5.8
2.6
7.1
6.7
5.6
2.3
6.8
4.3
16.9
6.2
5.3
6.6
9.5
4.2
5.0
5.5
7.1
7.2
4.6
8.0
3.6
3.7
9.1
5.7
8.3
7.3
5.5
52.6
7.9
5.2
3.9
9.0
4.1
12.9
7.9
9.0
7.5
7.1
7.1
4.7
4.7
5.1
29,569
2 6,616
34,430
2 7,945
26,789
26,140
28,644
30,581
26,840
35,839
28,387
2 9,734
2 6,830
30,367
29,660
29,825
28,975
26,082
28,835
26,271
30,713
30,545
30,050
2 7,084
3 1,408
23,363
22,345
29,625
32,422
30,123
19,342
23,216
36,893
27,659
28,055
31,311
27,781
29,483
33,922
27,719
32,526
33,289
21,906
29,862
25,914
37,441
34,162
27,529
28,556
29,522
22,429
38,281
39,287
26,749
16,738
30,133
34,052
22,995
38,342
27,005
42,615
37,361
42,457
30,101
25,211
26,995
2 7,405
31,029
31,356
28,203
24,312
31,962
26,535
25,626
26,745
45,223
54,166
36,056
39,354
19,926
46,221
29,361
39,181
27,720
39,059
26,115
28,148
33,243
34,204
37,869
31,828
32,572
28,046
40,845
2 1,046
27,696
31,125
2 9,014
17,916
21,736
33,365
26,455
2 6,048
30,161
27,212
28,607
32,229
2 6,910
3 1,744
31,405
21,294
28,052
25,154
35,170
32,751
26,067
27,497
28,428
21,890
36,760
38,696
26,093
15,706
28,658
32,771
22,894
35,668
2 6,330
38,101
35,850
40,998
29,004
24,209
26,075
26,007
30,193
30,148
26,470
23,624
30,711
25,615
25,095
25,745
41,895
50,196
34,285
38,020
30,995
43,414
28,489
37,917
25,745
3 7,398
2 3,615
2 6,639
31,314
32,955
36,220
29,994
31,466
26,441
38,449
31,896
27,718
37,566
28,735
3 2,575
28,222
32,811
32,132
31,949
31,594
27,724
34,250
30,224
23,548
31,018
33,556
31,848
20,127
24,293
38,281
29,137
31,065
32,495
29,152
30,275
35,487
28,793
33,887
35,070
22,663
32,178
26,781
39,880
36,000
28,834
29,661
30,757
22,580
40,088
41,368
27,575
17,409
31,785
35,470
23,182
40,737
28,158
48,644
39,536
44,237
31,535
27,360
27,811
28,511
32,521
32,987
30,011
25,019
33,825
27,735
26,560
27,809
47,491
57,446
37,758
41,454
40,211
49,789
31,017
40,300
29,012
41,068
28,989
29,650
35,637
35,903
40,106
33,092
33,874
29,226
42,746
180
308
66
277
159
290
153
168
174
187
306
121
224
352
200
136
181
361
349
56
259
199
163
258
222
94
274
126
104
357
167
324
44
87
271
243
210
358
41
33
310
363
182
96
354
36
291
11
47
20
189
312
302
282
162
149
228
346
128
304
328
303
12
3
63
32
38
9
201
37
264
35
267
244
92
88
40
145
127
257
28
3.4
0.8
4.1
1.6
11.0
2.6
6.0
3.6
2.4
3.7
3.8
8.9
-1 1 .1
6.2
7.0
4.2
3.8
8.0
6.8
10.6
4.6
7.7
3.8
2.1
3.1
5.3
3.0
2.5
6.0
2.9
6.5
3.0
6.5
4.3
5.6
3.9
3.8
2.5
4.1
1.5
2.5
6.6
5.1
3.9
0.4
7.5
2.6
11.8
4.2
3.6
3.8
4.1
3.5
5.4
2.8
4.0
6.5
2.9
4.1
3.6
2.1
3.9
7.9
7.9
5.2
3.5
-3 5 .7
6.5
3.1
3.3
7.7
4.4
10.6
5.7
6.2
3.8
4.6
6.1
3.5
6.1
6.2
4.3
3.3
4.8
1.2
9.6
5.2
8.0
4.6
4.6
5.1
2.4
9.0
29 .4
5.4
4.7
3.5
5.7
4.1
4.6
3.8
5.3
10.7
3.8
4.9
2.7
4.6
3.9
4.2
5.4
3.5
7.8
3.3
6.5
5.4
4.7
3.9
4.2
0.7
4.7
5.3
3.1
4.0
5.5
4.2
0.8
6.2
4.3
14.1
5.8
4.2
4.8
8.5
3.0
4.0
4.8
5.2
6.4
2.9
5.8
4.5
3.6
4.0
5.0
6.1
4.7
5.3
101.8
7.7
5.6
2.9
4.7
5.1
11.0
5.3
7.2
5.0
5.9
4.0
4.0
4.2
4.7
D-21
Survey of Current Business
August 2008
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2004-2006—Continues
Per capita personal incom e1
Personal income
Area
Percent change from
preceding period 2
Millions of dollars
2004
2005
2006
15,785
1,817
4,524
4,256
3,791
11,734
11,685
225,703
115,438
2,378
83,116
4,619
2,041
17,023
2,148
4,909
4,309
3,919
12,580
12,319
237,201
126,848
2,433
85,876
4,797
2,100
18,124
73,087
13,580
22,649
5,033
57,029
9,801
3,816
4,736
6,475
34,010
3,814
12,449
5,155
16,669
43,550
104,067
9,437
6 ,504
35,424
9,618
3,886
2,705
71,974
5,630
5,215
2 ,784
3,208
99,882
10,327
14,772
3,250
35,098
3,045
58,722
118,793
2,582
224,702
89,926
8,768
16,500
10,519
5,516
18,926
10,290
16,724
135,770
6,387
3,850
3,015
11,659
4,155
7,578
10,027
7,221
12,573
6,787
22,210
11,165
3,988
18,130
2,391
5,267
4,555
4,214
13,482
13,237
251,979
138,465
2,554
91,101
5,049
2,221
2005
2006
Rank in
United
States
Dollars
2004
2005
2006
Percent change from
preceding period
2005
2006
2006
M etro p o litan S tatistical A reas ‘— Continued
Palm Bay-Melbourne-Titusville, F L ..................................................
Palm Coast, FL......................................................................................
Panama City-Lynn Haven, F L ............................................................
Parkersburg-Marietta-Vienna, W V -O H ............................................
Pascagoula, M S ....................................................................................
Pensacola-Ferry Pass-Brent, F L ......................................................
Peoria, IL .................................................................................................
Philadelphia-Camden-Wilmington, P A -N J-D E -M D ......................
Phoenix-Mesa-Scottsdale, A Z ...........................................................
Pine Bluff, A R .........................................................................................
Pittsburgh, PA........................................................................................
Pittsfield, M A ..........................................................................................
Pocatello, I D ...........................................................................................
Portland-South Portland-Biddeford, M E .........................................
Portland-Vancouver-Beaverton, O R -W A ........................................
Port St. Lucie, F L ...................................................................................
Poughkeepsie-Newburgh-Middletown, N Y .....................................
Prescott, A Z ...........................................................................................
Providence-New Bedford-Fall River, R I-M A ..................................
Provo-Orem, U T ....................................................................................
Pueblo, C O .............................................................................................
Punta Gorda, FL....................................................................................
Racine, W l...............................................................................................
Raleigh-Cary, N C .................................................................................
Rapid City, S D .......................................................................................
Reading, PA............................................................................................
Redding, C A ...........................................................................................
Reno-Sparks, N V .................................................................................
Richmond, V A .........................................................................................
Riverside-San Bernardino-Ontario, C A ...........................................
Roanoke, V A ..........................................................................................
Rochester, M N ......................................................................................
Rochester, N Y ........................................................................................
Rockford, IL ............................................................................................
Rocky Mount, N C .................................................................................
Rome, G A ..............................................................................................
Sacramento-Arden-Arcade-Roseville, C A ......................................
Saginaw-Saginaw Township North, M l............................................
St. Cloud, M N ........................................................................................
St. George, U T ......................................................................................
St. Joseph, M O -K S ..............................................................................
St. Louis, M O -IL ....................................................................................
Salem, O R ..............................................................................................
Salinas, C A ............................................................................................
Salisbury, M D ........................................................................................
Salt Lake City, U T .................................................................................
San Angelo, T X .....................................................................................
San Antonio, T X ....................................................................................
San Diego-Carlsbad-San Marcos, C A ............................................
Sandusky, O H .......................................................................................
San Francisco-Oakland-Fremont, C A .............................................
San Jose-Sunnyvale-Santa Clara, C A ............................................
San Luis Obispo-Paso Robles, C A ...................................................
Santa Barbara-Santa Maria-Goleta, C A .........................................
Santa Cruz-Watsonville, C A ...............................................................
Santa Fe, N M .........................................................................................
Santa Rosa-Petaluma, C A .................................................................
Savannah, G A .......................................................................................
Scranton-Wilkes-Barre, PA.................................................................
Seattle-Tacoma-Bellevue, W A ...........................................................
Sebastian-Vero Beach, F L .................................................................
Sheboygan, W l......................................................................................
Sherman-Denison, T X ........................................................................
Shreveport-Bossier City, L A ...............................................................
Sioux City, IA -N E -S D ...........................................................................
Sioux Falls, S D ......................................................................................
South Bend-Mishawaka, IN -M I..........................................................
Spartanburg, S C ...................................................................................
Spokane, W A .........................................................................................
Springfield, IL ........................................................................................
Springfield, M A ......................................................................................
Springfield, M O .....................................................................................
Springfield, O H ......................................................................................
State College, P A .................................................................................
Stockton, C A ..........................................................................................
Sumter, S C ..............................................................................................
Syracuse, N Y .........................................................................................
See the footnotes at the end of the table.
17,625
6 9,328
12,482
21,309
4,525
54,732
8,719
3,715
4,433
6,317
31,533
3,688
11,907
4 ,970
15,655
40,608
96,756
9,107
6,328
33,929
9,281
3,821
2,545
67,937
5,548
5,076
2,365
3,094
95,325
10,060
14,096
3,075
31,702
2,884
53,669
113,003
2,546
207,951
83,603
8,334
15,382
10,195
4 ,907
18,040
9,477
16,163
133,157
5,871
3,718
2 ,846
10,913
4 ,068
7 ,130
9 ,700
6,850
12,184
6,792
21,231
10,433
3,891
3,871
16,556
2,504
19,521
4,069
17,257
2,603
20,374
18,938
78,618
14,744
24,096
5,538
59,425
10,669
4,009
5,129
6,853
37,242
3,990
13,331
5,491
17,834
45,699
111,596
9,921
6,858
37,300
10,189
4,058
2,827
76,481
5,851
5,476
3,087
3,426
105,191
11,057
15,586
3,399
37,883
3,195
63,546
126,194
2,659
240,484
97,685
9,334
17,490
11,322
5,977
20,038
11,112
17,558
148,015
7,002
4,036
3,231
12,367
4,325
7,983
10,459
7,628
13,541
7,075
23,103
11,710
4,161
4,313
18,125
2,732
2 1,465
7.8
18.2
8.5
1.3
3.4
7.2
5.4
5.1
9.9
2.3
3.3
3.9
2.9
2.8
5.4
8.8
6.3
11.2
4.2
12.4
2.7
6.8
2.5
7.9
3.4
4.6
3.7
6.5
7.2
7.6
3.6
2.8
4.4
3.6
1.7
6.3
5.9
1.5
2.8
17.7
3.7
4.8
2.7
4.8
5.7
10.7
5.6
9.4
5.1
1.4
8.1
7.6
5.2
7.3
3.2
12.4
4.9
8.6
3.5
2.0
8.8
3.5
6.0
6.8
2.1
6.3
3.4
5.4
3.2
-0 .1
4.6
7.0
2.5
5.1
4.2
4.0
4.4
6.5
11.3
7.3
5.7
7.5
7.2
7.5
6.2
9.2
5.0
6.1
5.3
5.8
4.5
7.6
8.6
6.4
10.0
4.2
8.9
5.1
8.3
5.8
9.5
4.6
7.1
6.5
7.0
4.9
7.2
5.1
5.4
5.3
5.9
4.4
4.5
6.3
3.9
5.0
10.9
6.8
5.3
7.1
5.5
4.6
7.9
4.9
8.2
6.2
3.0
7.0
8.6
6.5
6.0
7.6
8.4
5.9
8.0
5.0
9.0
9.6
4.8
7.1
6.1
4.1
5.3
4.3
5.6
7.7
4.3
4.0
4.9
4.3
6.0
5.0
4.9
5.4
30,562
26,632
28,656
26,203
24,525
26,654
31,908
39,066
30,998
22,735
34,775
35,034
23,784
34,584
33,657
34,432
32,324
23,858
33,829
19,686
24,947
28,380
32,844
34,318
3 1,350
30,593
28,144
4 0,646
35,153
25,729
31,359
36,288
32,723
27,679
26,584
27,102
33,774
26,682
28,283
21,426
25,356
34,529
27,367
34,224
26,910
31,032
27,058
29,047
38,452
32,468
50,209
48,109
32,479
38,138
40,528
35,529
38,793
30,527
29,429
42,030
47,286
32,829
24,722
28,740
28,614
34,148
30,708
26,057
28,002
33,178
31,016
26,549
27,472
27,390
25,725
23,796
30,009
32,314
28,474
30,378
2 6,643
25,248
28,267
33,540
40,948
32,660
23,456
36,159
36,614
24,358
35,425
34,921
36,086
34,164
25,460
35,412
21,127
25,438
30,886
33,404
35,585
32,287
31,617
29,010
42,219
37,082
26,818
32,308
36,886
34,294
28,311
27,004
28,705
35,318
27,246
28,741
23,353
26,345
35,991
27,699
36,137
28,016
33,469
28,519
31,189
40,383
33,171
54,191
51,277
33,959
40,968
42,017
39,522
40,821
32,730
30,476
42,356
50,369
33,861
26,046
30,543
29,444
35,276
31,741
27,179
28,544
33,083
32,475
27,860
28,157
28,696
26,239
24,831
31,445
34,081
29,001
32,081
28,285
28,156
29,880
35,887
43,364
34,215
24,838
38,550
3 8,774
25,490
37,000
36,845
3 7,937
36,164
2 6,786
3 7,040
22,187
26,363
33,510
35,209
37,221
33,498
33,432
30,762
44,337
38,233
27,936
33,693
38,341
36,179
29,502
28,071
29,730
37,078
28,550
29,864
24,248
28,032
37,652
29,107
38,373
28,737
35,145
29,680
32,810
42,801
34,292
57,747
55,020
35,872
43,510
45,194
42,363
43,318
34,563
32,002
45,369
54,045
35,419
27,591
31,941
30,450
36,017
33,082
28,261
30,266
34,365
33,815
28,518
29,463
29,910
27,272
26,242
33,198
125
265
171
286
292
230
89
23
123
348
52
50
340
76
77
62
83
323
75
359
332
138
100
73
139
141
209
19
57
300
133
55
82
247
295
241
74
280
232
350
297
65
261
54
276
102
242
154
27
118
2
4
90
22
16
29
24
113
172
15
5
97
309
177
216
86
146
289
223
115
129
281
248
229
314
333
142
5.7
6.9
6.0
1.7
2.9
6.1
5.1
4.8
5.4
3.2
4.0
4.5
2.4
2.4
3.8
4.8
5.7
6.7
4.7
7.3
2.0
8.8
1.7
3.7
3.0
3.3
3.1
3.9
5.5
4.2
3.0
1.6
4.8
2.3
1.6
5.9
4.6
2.1
1.6
9.0
3.9
4.2
1.2
5.6
4.1
7.9
5.4
7.4
5.0
2.2
7.9
6.6
4.6
7.4
3.7
11.2
5.2
7.2
3.6
0.8
6.5
3.1
5.4
6.3
2.9
3.3
3.4
4.3
1.9
- 0 .3
4.7
4.9
2.5
4.8
2.0
4.3
4.8
5.5
1.9
5.6
6.2
11.5
5.7
7.0
5.9
4.8
5.9
6.6
5.9
4.6
4.4
5.5
5.1
5.9
5.2
4.6
5.0
3.6
8.5
5.4
4.6
3.8
5.7
6.0
5.0
3.1
4.2
4.3
3.9
5.5
4.2
4.0
3.6
5.0
4.8
3.9
3.8
6.4
4,6
5.1
6.2
2.6
5.0
4.1
5.2
6.0
3.4
6.6
7.3
5.6
6.2
7.6
7.2
6.1
5.6
5.0
7.1
7.3
4.6
5.9
4.6
3.4
2.1
4.2
4.0
6.0
3.9
4.1
2.4
4.6
4.2
3.9
5.7
5.6
D-22
Regional Data
T a b le J .1 . P e r s o n a l In c o m e a n d
August 2008
P e r C a p i t a P e r s o n a l In c o m e b y M e t r o p o l i t a n A r e a , 2 0 0 4 - 2 0 0 6 — T a b le E n d s
Personal income
Area
Per capita personal income 1
Percent change from
preceding period 2
Millions of dollars
2004
2005
2006
9,468
82,518
4,231
3 ,410
19,647
6 ,635
15,896
25,171
29,014
5,347
5,601
7,819
2,917
13,091
3,142
4,053
51,844
9,194
5,642
3,349
239,506
4,783
3,906
3 ,224
2,771
3,963
18,727
4,246
3,193
8,585
3,224
14,079
27,327
5 ,597
12,352
15,794
3,851
3,527
10,209
89,013
4,323
3,601
20,184
6,903
16,631
27,496
31,043
5,782
6,070
8,086
3,102
13,654
3,295
4,176
54,862
9,615
6,081
3,590
258,222
4,958
4,109
3,258
2,864
4,097
20,170
4,461
3,213
9,380
3,460
14,599
28,498
5,753
13,162
16,234
4 ,004
3,807
10,840
95,750
4,524
3,836
21,021
7,212
18,177
29,807
34,131
6,214
6,539
8,553
3,258
14,322
3,567
4,446
57,899
9,994
6,411
3,781
272,861
5,214
4,317
3,388
3,082
4,284
22,081
4,880
3,345
10,178
3,670
15,613
30,206
6,120
13,708
16,972
4,234
4,075
2005
2006
Rank in
United
States
Dollars
2004
2005
2006
2006
Percent change from
preceding period
2005
2006
M etropolitan S tatistical A r e a s 4 Continued
—
Tallahassee, F L .....................................................................................
Tampa-St. Petersburg-Clearwater, F L .............................................
Terre Haute, I N ......................................................................................
Texarkana, TX-Texarkana, A R ...........................................................
Toledo, O H ...............................................................................................
Topeka, KS
Trenton-Ewing, N J ................................................................................
Tucson, AZ
Tulsa, O K .................................................................................................
Tuscaloosa, A L ......................................................................................
Tyler, TX
Utica-Rome, N Y ....................................................................................
Valdosta, G A ....
Vallejo-Fairfield, C A ..............................................................................
Victoria, T X ..............................................................................................
Vineland-Millville-Bridgeton, N J ........................................................
Virginia Beach-Norfolk-Newport News, V A -N C ............................
Visalia-Porterviile, C A ...........................................................................
Waco, T X .................................................................................................
W arner Robins, G A ..............................................................................
Washington-Arlington-Alexandria, D C -V A -M D -W V .....................
W aterloo-Cedar Falls, I A .....................................................................
W ausau, W l.............................................................................................
Weirton-Steubenville, W V -O H ...........................................................
W enatchee, W A .............
Wheeling, W V -O H ........
Wichita, K S .....................
Wichita Falls, T X ....................................................................................
Williamsport, PA
Wilmington, NC
Winchester, V A -W V ..............................................................................
W inston-Salem, N C ..............................................................................
Worcester, M A ..
.................
Yakima, W A ......
.................
York-Hanover, PA...................................................................................
Youngstown-Warren-Boardman, O H -PA .........................................
Yuba City, C A ..........................................................................................
Yuma, A Z .................................................................................................
1. Per capita personal income was computed using Census Bureau midyear population estimates.
2. Percent change calculated from unrounded data.
3. The personal income level shown for the United States is derived as the sum of the county estimates. It
differs from the estimate of personal income in the national income and product accounts because of differ
ences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of
source data.
7.8
7.9
2.2
5.6
2.7
4.0
4.6
9.2
7.0
8.1
8.4
3.4
6.4
4.3
4.9
3.0
5.8
4.6
7.8
7.2
7.8
3.7
5.2
1.1
3.3
3.4
7.7
5.1
0.6
9.3
7.3
3.7
4.3
2.8
6.6
2.8
4.0
7.9
6.2
7.6
4.6
6.5
4.1
4.5
9.3
8.4
9.9
7.5
7.7
5.8
5.0
4.9
8.3
6.5
5.5
3.9
5.4
5.3
5.7
5.2
5.1
4.0
7.6
4.6
9.5
9.4
4.1
8.5
6.1
6.9
6.0
6.4
4.2
4.5
5.7
7.0
28,038
31,961
24,962
25,899
29,902
29,297
4 3,837
27,743
33,051
27,330
30,043
26,369
23,426
31,955
27,901
26,905
31,540
23,144
25,315
27,032
46,452
29,504
30,768
25,467
27,132
26,654
32,173
28,092
27,023
28,210
28,556
31,991
35,273
24,587
30,922
26,945
25,614
20,202
29,834
33,678
25,518
27,202
30,811
30,375
45,740
29,658
35,180
29,143
31,892
27,363
24,581
33,445
29,323
27,378
33,259
23,654
27,091
28,507
49,442
30,514
32,148
25,982
27,671
27,764
34,491
29,760
27,285
29,620
29,847
32,680
36,666
25,141
32,377
27,927
25,827
21,081
31,180
35,541
26,695
28,650
32,209
31,679
49,847
31,418
38,219
30,660
33,569
29,013
25,381
35,074
31,649
28,834
34,858
2 4,153
2 8,340
29,525
51,868
31,949
33,444
27,335
29,267
2 9,253
37,471
32,653
28,502
30,918
30,849
34,311
38,748
2 6,5 1 0
33,071
29,434
26,391
21,925
195
93
326
278
166
185
8
193
58
214
135
263
344
103
186
271
107
351
285
246
6
174
140
313
255
256
69
157
283
204
205
117
51
329
147
249
331
360
6.4
5.4
2.2
5.0
3.0
3.7
4.3
6.9
6.4
6.6
6.2
3.8
4.9
4.7
5.1
1.8
5.5
2.2
7.0
5.5
6.4
3.4
4.5
2.0
2.0
4.2
7.2
5.9
1.0
5.0
4.5
2.2
3.9
2.3
4.7
3.6
0.8
4.4
4.5
5.5
4.6
5.3
4.5
4.3
9.0
5.9
8.6
5.2
5.3
6.0
3.3
4.9
7.9
5.3
4.8
2.1
4.6
3.6
4.9
4.7
4 .0
5.2
5.8
5.4
8.6
9.7
4.5
4.4
3.4
5.0
5.7
5.4
2.1
5.4
2.2
4.0
4.
The metropolitan area definitions used by BEA for its personal income estimates are the new countybased definitions issued by the Office of Management and Budget in June 2 0 0 3 (with revisions released
February 2 0 0 4 , March 2 0 0 5 , December 2 0 0 5 , December 2 0 0 6 , and November 2 0 0 7 ) for federal statistical
purposes.
Source: Table 1 in “Local Area Personal Income for 2 0 0 6 ” in the May 2 0 0 8 S u rv e y o f C u r r e n t Business.
August 2008
K .
C
D-23
h a r t s
S E L E C T E D R E G IO N A L E STIM A TES
S H A R E S O F U .S . G R O S S
D O M E S T IC P R O D U C T B Y S T A T E B Y R E G IO N
1969
M id e a s t
2 3 .5 % .
N e w E n g la n d
5 .4 %
N e w E n g la n d
5 .8 %
S o u th e a s t
2 2 .5 %
R o c k y M o u n ta in
R o c k y M o u n ta in
2 .2 %
3 .3 %
S H A R E S O F U .S . P E R S O N A L IN C O M E B Y R E G IO N
1969
2007
M id e a s t
M id e a s t
2 3 .5 %
1 8 .5 %
G re a t L akes
2 0 .9 %
G re a t L akes
1 4 .5 %
N e w E n g la n d
5 .8 %
P la in s
N e w E n g la n d
6 .3 %
6 .4 %
P la in s
Far W est
7 .5 %
Far W est
1 8 .0 %
1 5 .2 %
S o u th e a s t
2 2 .7 %
R o c k y M o u n ta in
S o u th e a s t
2 .2 %
R o c k y M o u n ta in
1 7 .3 %
3 .3 %
7 .0 %
AVERAGE ANNUAL GROW TH
1 1 .0 %
R A T E O F P E R S O N A L IN C O M E , 1 9 9 7 - 2 0 0 7
U .S . a v e r a g e
S T A T E S W IT H F A S T E S T G R O W T H
U .S . a v e r a g e
5 .4 %
S T A T E S W IT H S L O W E S T G R O W T H
5 .4 %
Nevada
Arizona
Wyoming
Texas
Utah
Florida
Colorado
Idaho
Virginia
Ohio
New Mexico
Mh a
icign
1
2
3
4
5
P e rc e n t
U.S. Bureau o f Econom ic Analysis
6
7
8
9
1
I
2
3
4
I I ___ I __ I __ I
__I
_ _
5
P e rc e n t
6
7
8
9
D-24
Regional Data
August 2008
S E L E C T E D R E G IO N A L ES TIM A TES
I -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------P E R C A P IT A G R O S S D O M E S T I C P R O D U C T B Y S T A T E IN C U R R E N T D O L L A R S , 2 0 0 7
H ig h e s t q u in tile
F o u rth q u in tile
T h ir d q u in tile
S e c o n d q u in tile
L o w e s t q u in tile
P E R C A P IT A P E R S O N A L IN C O M E , 2 0 0 7
H ig h e s t q u in tile
F o u rth q u in tile
T h ird q u in tile
S e c o n d q u in tile
L o w e s t q u in tile
U .S . B u r e a u o f E c o n o m ic A n a ly s is
D-25
August 2008
A p p e n d ix e s
A . A d d itio n a l In fo rm a tio n A b o u t th e N IP A E s tim a te s
Statistical Conventions
Current-dollar GDP is a measure of the market value differences is provided by a “residual” line—the differ
of goods, services, and structures that are produced in ence between the chained-dollar value of the main aggre
the economy in a particular period. The changes in cur gate in the table and the sum of the most detailed
rent-dollar GDP can be decomposed into quantity and components in the table. For periods close to the refer
price components. Quantities, or “real” measures, and ence year, when the relative prices that are used as weights
prices are expressed as index numbers with the reference have usually not changed much, the residuals tend to be
small, and the chained-dollar estimates can be used to
year—at present, the year 2000—equal to 100.1
The annual changes in quantities and prices are calcu approximate the contributions to growth and to aggre
lated using a Fisher formula that incorporates weights gate the detailed estimates. For periods further from the
from 2 adjacent years. For example, the annual percent reference year, the residuals tend to be larger, and the
change in real GDP for 2001-2002 uses prices for 2001 chained-dollar estimates are less useful for analyses of
and 2002 as weights, and the 2001-2002 annual percent contributions to growth. In particular, for components
change in the GDP price index uses quantities for 2001 for which relative prices are changing rapidly, the calcula
and 2002 as weights. Because the Fisher formula allows tion of contributions based on chained-dollar estimates
for the effects of changes in relative prices and in the may be misleading even just a few years from the refer
composition of output over time, the resulting quantity ence year. Thus, contributions derived from quantity
or price changes are not affected by the substitution bias indexes provide a better measure than contributions
that is associated with changes in quantities and prices derived from chained-dollar estimates; contributions
calculated using a fixed-weighted formula. These annual based on quantity indexes are shown in selected NIPA
changes are “chained” (multiplied) together to form time tables 1.1.2, 1.2.2, 1.5.2, 2.3.2, 3.9.2, 4.2.2, and 5.3.2.
For quarters and months, NIPA estimates are pre
series of quantity and price indexes. The percent changes
in the Fisher indexes are not affected by the choice of the sented at annual rates, which show the value that would
be registered if the rate of activity that is measured for a
reference year.
BEA also publishes implicit price deflators (IPDs), quarter or for a month were maintained for a full year.
which are calculated as the ratio of the current-dollar Annual rates are used so that periods of different
value of a component to the chained-dollar value of the lengths—for example, quarters and years—may be more
component, multiplied by 100. The values of an IPD are easily compared. These annual rates are determined sim
very close to the values of the corresponding “chain-type” ply by multiplying the estimated rate of activity by 4 (for
quarterly data) or by 12 (for monthly data).
price index.
For most quarterly NIPA estimates, percent changes in
The measures of real GDP and its major components
are also presented in dollar-denominated form, desig the estimates are also expressed at annual rates. Calculat
nated “chained (2000) dollar estimates.” For most series, ing these changes requires a variant of the compound
these estimates are computed by multiplying the cur interest formula:
rent-dollar value in 2000 by a corresponding quantity
index number and then dividing by 100. For example, if a
current-dollar GDP component equaled $100 in 2000
and if real output for this component increased by 10
percent in 2001, then the chained (2000) dollar value of where r is the percent change at an annual rate; xt is the
this component in 2001 would be $110 ($100 x 1.10). level of activity in the later period; XqIs the level of activ
The percent changes calculated from the chained (2000) ity in the earlier period; m is the periodicity of the data
dollar estimates and from the quantity indexes are the (for example, 1 for annual data, 4 for quarterly data, or 12
for monthly data); and n is the number of periods
same; any differences will be small and due to rounding.
The chained-dollar values for the detailed GDP com between the earlier periods and the later periods (that
ponents will not necessarily sum to the chained-dollar is, t - 0 ).
Quarterly and monthly NIPA estimates are seasonally
estimate of GDP (or to any intermediate aggregate) in a
table, because the relative prices that are used as weights adjusted if necessary. Seasonal adjustment removes from
for any period other than the reference year differ from the time series the average effects of variations that nor
those of the reference year. A measure of the effect of such mally occur at about the same time and in about the same
magnitude each year—for example, weather, holidays,
and tax payment dates. After seasonal adjustment, cycli
1. See J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech, “Chainedcal and other short-term changes in the economy stand
Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” Survey Current
out more clearly.
Business (November 2003): 8-16.
o f
D-26
August 2008
Reconciliation Table
T a b le
1 . R e la tio n
o f N e t E x p o rts
to
B a la n c e
o n
o f G o o d s
a n d
G o o d s a n d
S e r v ic e s
S e r v ic e s
a n d
a n d
N e t R e c e ip ts
In c o m e
in t h e
o f In c o m e
in t h e
N IP A s
IT A s
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2006
2007
2007
2006
IV
I
II
2008
III
IV
I
Exports of goods and services and income receipts, ITAs.............................................................
1 2,142.2 2,463.5 2,254.5 2,288.7 2,408.5 2,553.6 2,603.2 2,614.9
Less: Gold, ITAs.............................................................................................................................
Statistical differences 1.........................................................................................................
Other items...........................................................................................................................
2
3
4
8.8
0.0
1.2
13.3
0.0
1.5
9.0
0.0
1.0
10.5
0.0
1.5
16.5
0.0
1.4
14.3
0.0
1.6
12.0
0.0
1.4
24.6
0.0
1.5
Plus: Adjustment for grossing of parent/affiliate interest payments....................................................
Adjustment for U.S. territories and Puerto Rico........................................................................
Services furnished without payment by financial intermediaries except life insurance carriers....
5
6
7
8.5
57.1
8.3
10.9
54.4
10.1
9.3
56.1
8.2
8.8
54.3
8.9
11.1
55.7
9.8
11.1
54.0
10.6
12.5
53.6
11.2
11.4
51.2
12.5
Equals: Exports of goods and services and income receipts, NIPAs............................................
8 2,206.1 2,524.1 2,318.2 2,348.8 2,467.3 2,613.4 2,667.1 2,664.0
Imports of goods and services and income payments, ITAs..........................................................
9 2,838.3 3,082.0 2,893.2 2,955.8 3,085.0 3,134.2 3,153.1 3,195.5
Less: Gold, ITAs.............................................................................................................................
Statistical differences 1.........................................................................................................
Other items............................................................................................................................
10
11
12
5.6
0.0
0.0
8.8
0.0
0.0
5.1
0.0
0.0
7.8
0.0
0.0
9.8
0.0
0.0
10.7
0.0
0.0
7.0
0.0
0.0
17.9
0.0
0.0
Plus: Gold, NIPAs............................................................................................................................
Adjustment for grossing of parent/affiliate interest payments...................................................
Adjustment for U.S. territories and Puerto Rico.......................................................................
Imputed interest paid to rest of world......................................................................................
13
14
15
16
-4.4
8.5
40.2
8.3
-5.2
10.9
40.5
10.1
-5.5
9.3
33.9
8.2
-4.6
8.8
44.1
8.9
-5.3
11.1
39.8
9.8
-5.2
11.1
43.7
10.6
-5.7
12.5
34.5
11.2
-6.6
11.4
36.5
12.5
Equals: Imports of goods and services and income payments, NIPAs.........................................
17 2,885.2 3,129.5 2,934.0 3,005.2 3,130.7 3,183.8 3,198.5 3,231.5
Balance on goods and services and income, ITAs (1-9).................................................................
18 -696.1
Less: Gold (2-10+13)......................................................................................................................
Statistical differences (3-11) 1...............................................................................................
Other items (4-12)................................................................................................................
19
20
21
-1.2
0.0
1.2
Plus: Adjustment for U.S. territories and Puerto Rico (6-15).............................................................
22
16.9
Equals: Net exports of goods and services and net receipts of income, NIPAs (8-17)...............
1. Consists of statistical revisions to the ITAs that have not yet been incorporated into the NIPAs.
ITAs International transactions accounts
NIPAs National income and product accounts
23 -679.1
-618.5 -638.7 -667.1
-676.5 -580.6 -549.9 -580.6
-0.7
0.0
1.5
-1.6
0.0
1.0
-1.9
0.0
1.5
1.4
0.0
1.4
-1.6
0.0
1.6
-0.7
0.0
1.4
0.1
0.0
1.5
13.9
22.2
10.2
15.9
10.3
19.1
14.7
-605.4 -615.8 -656.4 -663.4 -570.4 -531.4 -567.5
D -2 7
A u g u st 2 0 0 8
B. S uggested R eading
The Bureau of Economic Analysis (BEA) has published
a wealth of information about the methodologies that
are used to prepare its national, industry, interna
tional, and regional accounts. Most of this information
is available on BEA’s Web site at <www.bea.gov>; see
“Methodology Papers” and the S u r v e y o f C u r r e n t B u s i
n e s s under “Publications.”
National accounts
The national accounts encompass the detailed esti
mates in the national income and product accounts
(including gross domestic product) and the estimates
of fixed assets and consumer durable goods.
National income and product accounts (NIPAs).
This series of papers documents the conceptual frame
work of the NIPAs and the methodologies that have
been used to prepare the estimates.
An Introduction to National Income and Product
Accounts (2007)
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (2002)
Government Transactions (1988)
Measuring the Economy: A Primer on GDP and the
National Income and Product Accounts (2007)
Personal Consumption Expenditures (1990)
The methodologies described in these papers
have been updated and improved, typically as part of
the comprehensive and annual revisions of the
NIPAs.
The following S u r v e y articles describe the upcoming
2009 comprehensive revision of the NIPAs.
“Preview of the Revised NIPA Estimates for 2002:
Effects of Incorporating the 2002 Benchmark I-O Ac
counts and Proposed Definition and Statistical
Changes” (March 2008)
Preview of the 2009 Comprehensive NIPA Revision
New Classifications for Personal Consumption
Expenditures (May 2008)
The following S u r v e y articles describe the most re
cent comprehensive revision of the NIPAs.
“Improved Estimates of the National Income and
Product Accounts for 1929-2002: Results of the Com
prehensive Revision” (February 2004)
Preview of the 2003 Comprehensive NIPA Revision
New and Redesigned Tables (August 2003)
Statistical Changes (September 2003)
“Measuring the Services of Commercial Banks in
the NIPAs: Changes in Concepts and Methods” (Sep
tember 2003)
“Measuring the Services of Property-Casualty In
surance in the NIPAs: Changes in Concepts and Meth
ods” (October 2003)
In addition, see the following articles.
“Annual Revision of the National Income and Prod
uct Accounts” (August 2008) presents revisions and
describes any changes in the data and the methods that
are used to prepare the estimates.
“Updated Summary NIPA Methodologies” (No
vember 2007) describes the source data and the meth
ods that are used to prepare the current-dollar and real
estimates of GDP.
“Chained-Dollar Indexes: Issues, Tips on Their Use,
and Upcoming Changes” (November 2003) discusses
the advantages of using chain-weighted indexes and
the challenges of using chained dollars.
“Reliability of the NIPA Estimates of U.S. Economic
Activity” (February 2005) evaluates the principal NIPA
estimates by examining the record of revisions to
them.
“Gross Domestic Product: Revisions and Source
Data” (February 2006) describes the categories of data
that are used for the advance, preliminary, and final
quarterly estimates of GDP.
Fixed assets and consumer durable goods. Fixed
Assets and Consumer Durable Goods in the United
States, 1925-97 (2003) discusses the concepts and sta
tistical considerations that underlie the estimates and
their derivation.
“Fixed Assets and Consumer Durable Goods for
1925-2002” (May 2004) describes the improvements
that were incorporated into these estimates as part of
the most recent comprehensive NIPA revision.
“Fixed Assets and Consumer Durable Goods for
1997-2006” (September 2007) provides estimates that
reflect the incorporation of the most recent annual
NIPA revision.
Satellite accounts. These accounts extend the ana
lytical capacity of the NIPAs by focusing on the effects
of a particular aspect of economic activity on GDP.
“Research and Development Satellite Account”
For 1959-2002 (December 2006)
For 1959-2004 (October 2007)
M ission S tatem en t and S trateg ic Plan
The mission statement of the Bureau of Economic
Analysis and its most recently updated strategic plan
for improving the accuracy, reliability, and relevance
of the national, industry, regional, and international
accounts are available on BEA’s Web site at
<www.bea.gov> under “About BEA.”
D-28
A p p e n d ix
Industry accounts
The industry accounts consist of the annual industry
accounts (the input-output accounts and the gross-domestic-product-by-industry accounts), the benchmark
input-output accounts, and one satellite account.
Annual industry accounts. “Improved Annual In
dustry Accounts for 1998-2003” (June 2004) describes
the comprehensive revision of the annual input-output
accounts and the GDP-by-industry accounts that features
the integration of the two sets of accounts.
“Annual Industry Accounts” (February 2008) pre
sents the annual revision of these accounts and de
scribes the source data and any changes in the methods
that are used to prepare the estimates.
“Preview of the Comprehensive Revision of the
Annual Industry Accounts: Integrating the Annual Input-Output Accounts and the Gross-Domestic-Product-by-Industry Accounts” (March 2004) provides the
details about the comprehensive revision.
Benchmark input-output accounts. “Preview of the
Benchmark Input-Output Accounts for 2002” (Septem
ber 2005) includes the proposed new sectors that are
based on the 2002 North American Industry Classifica
tion System.
“U.S. Benchmark Input-Output Accounts, 2002”
(October 2007)
Satellite accounts. These accounts extend the ana
lytical capacity of the input-output accounts by focus
ing on a particular aspect of economic activity.
“U.S. Travel and Tourism Satellite Accounts”
For 2001-2004 (June 2005)
For 2002-2005 (June 2006)
For 1998-2006 (June 2007)
For 2004-2007 (June 2008)
International accounts
The international accounts encompass the interna
tional transactions accounts, direct investment, and
international transactions in services.
International transactions accounts. The Balance
of Payments of the United States: Concepts, Data
Sources, and Estimating Procedures (1990) describes the
methodologies used to prepare the estimates in the
ITAs and the international investment position of the
United States. These methodologies are usually up
dated and improved as part of the annual revisions of
the international transactions accounts.
The annual revisions of the international transac
tions accounts are described in a series of articles, the
latest of which was published in the July 2 0 0 8 S u r v e y .
Direct investment. International Direct Investment:
Studies by the Bureau of Economic Analysis (1999) is a
collection of previously published articles on U.S. di
B
August 2008
rect investment abroad and foreign direct investment
in the United States. It includes “A Guide to BEA Sta
tistics on U.S. Multinational Companies,” which is also
available in the March 1995 S u r v e y , and “A Guide to
BEA Statistics on Foreign Direct Investment in the
United States,” which is also available in the February
1990 S u r v e y .
In addition, the updated methodologies are avail
able in U.S. Direct Investment Abroad: Final Results
From the 1999 Benchmark Survey (2004) and in Foreign
Direct Investment in the United States: Final Results
From the 2002 Benchmark Survey (2006).
International services. U.S. International Transac
tions in Private Services: A Guide to the Surveys Con
ducted by the Bureau of Economic Analysis (1998)
describes 11 surveys. It includes classifications, defini
tions, release schedules, the methods used to prepare
the estimates, and samples of the survey forms.
“Selected Issues in the Measurement of U.S.
International Services” (June 2002) describes key is
sues in defining and measuring insurance, wholesale
and retail trade, finance, construction, and utilities ser
vices and explores possible actions to address these is
sues.
Regional accounts
The regional accounts include estimates of personal in
come and gross domestic product. The following
methodologies are available on BEA’s Web site at
<www.bea.gov/regional/methods.cfm>.
Personal income. Estimates of personal income
are prepared for states and for local areas.
State Personal Income (2007) describes the im
provements in the methodology that are used to
prepare the estimates.
Local Area Personal Income (2007) describes the
detailed methodology that is used to prepare the es
timates for counties, metropolitan divisions and ar
eas, micropolitan areas, and BEA economic areas
and regions.
Gross domestic product. Estimates of gross do
mestic product (GDP) are prepared for states and
metropolitan areas.
Gross Domestic Product by State (2006) describes
the sources and the methods that are used to pre
pare the estimates.
“Gross Domestic Product by State” (July2008)
presents the most recent annual revision.
“Introducing New Measures of the M etropolitan
Economy: Prototype GDP-by-Metropolitan-Area
Estimates for 2001-2005” (November 2007) de
scribes the potential uses of the estimates and the
methodology used to prepare them.
@FedFRASER