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AUGUST 2009
BEA's MONTHLY JOURNAL
Survey of Current Business
In This Issue . . .
The 2009 Comprehensive NIPA Revision
Operations of U.S. Multinational Companies in 2007
Research Spotlight
Defined Benefit Pensions and Household Income and Wealth
S B EA
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. Department of Commerce
Gary Locke, Secretary
Economics and Statistics Administration
Rebecca M. Blank, Under Secretary for Economic Affairs
Bureau of Economic Analysis
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. Moulton, Associate Director for National Economic Accounts
Brian C. Moyer, Associate Director for Industry Accounts
Joel D. Platt, Associate Director for Regional Economics
Obie G. Whichard, Associate Director for International Economics
BEA Advisory Committee
T h e B E A A d v is o r y C o m m it te e a d v is e s th e D ir e c t o r o f B E A o n m a tte r s re la te d to th e d e v e lo p m e n t a n d im p r o v e m e n t o f B E A ’s n a tio n a l,
r e g io n a l, in d u s t r y , a n d in te r n a t io n a l e c o n o m ic a c c o u n ts , e s p e c ia lly in areas o f n e w a n d r a p id ly g r o w in g e c o n o m ic a c tiv itie s a r is in g fr o m
in n o v a t iv e a n d a d v a n c in g te c h n o lo g ie s , a n d i t p r o v id e s r e c o m m e n d a tio n s f r o m th e p e rs p e c tiv e o f b u s in e s s e c o n o m is ts , a c a d e m ic ia n s ,
re se a rc h e rs , a n d e x p e rts in g o v e r n m e n t a n d in te r n a t io n a l a ffa irs .
Dale W. Jorgenson, Chair, Harvard University
Alan J. Auerbach, University of California, Berkeley
Richard B. Berner, Morgan Stanley
Barry P. Bosworth, The Brookings Institution
Susan M. Collins, University of Michigan
Janice C. Eberly, Northwestern University
Jeffrey A. Frankel, Harvard University
Robert J. Gordon, Northwestern University
Maurine A. Haver, Haver Analytics, Inc.
Charles R. Hulten, University of Maryland
W i l l i a m D . N o r d h a u s , Y a le U n i v e r s it y
Joel L. Prakken, Chairman, Macroeconomic Advisers, LLC
Andrew D. Reamer, The Brookings Institution
Jam es K im , E d it o r - it i- C h ie f
T o s u b s c rib e c a ll 2 0 2 - 5 1 2 - 1 8 0 0 o r g o to b o o k s to re .g p o .g o v .
M . G re tc h e n G ib s o n , M a n a g in g E d it o r
K r is t in a L. M a z e , P r o d u c tio n M a n a g e r
S u b s c r ip tio n a n d s in g le - c o p y p ric e s
W m . R o n n ie F o s te r, G ra p h ic D e s ig n e r
S e c o n d -c la s s m a il: $ 6 3 .0 0 d o m e s tic , $ 8 8 .2 0 f o r e ig n
C o lb y J o h n s o n , G ra p h ic D e s ig n e r
F irs t-c la s s m a il: $ 1 0 5 .0 0
D a n ie lle M . W it te n b e r g , E d ito r
S in g le c o p y : $ 2 5 .0 0 d o m e s tic , $ 3 5 .0 0 fo r e ig n
M o llie Jo H o lm a n , In te r n
T h e Su r v e y o f C u r r e n t bu s in e s s ( IS S N 0 0 3 9 -6 2 2 2 ) is p u b lis h e d
m o n t h ly b y th e B u re a u o f E c o n o m ic A n a ly s is o f th e U .S . D e p a r t
m e n t o f C o m m e r c e . S e n d e d it o r ia l c o r re s p o n d e n c e t o c u s to m -
T h e in fo r m a tio n in th is jo u r n a l is in th e p u b lic d o m a in a n d m a y be re
p r in t e d w i t h o u t th e p e r m is s io n o f th e B u re a u o f E c o n o m ic A n a ly s is .
C ita tio n o f th e Su r v e y o f C u r r e n t business as th e s o u rc e is ap p re cia te d .
e rs e rv ic e @ b e a .g o v .
T h e S e c re ta ry o f C o m m e r c e has d e te r m in e d th a t th e p u b lic a tio n o f
S u b s c rip tio n s t o th e S u r v e y o f C u r r e n t b u s in e s s are m a in ta in e d ,
th is p e r io d ic a l is n e c e s s a ry in th e tr a n s a c tio n o f th e p u b lic b u s in e s s
a n d th e p ric e s are set, b y th e U .S . G o v e r n m e n t P r in t in g O ffic e , an
r e q u ir e d b y la w o f th e D e p a r tm e n t.
a g e n c y o f th e U .S . C o n g re s s .
Su rv eyo f C urrentB usiness
August 2009
1
Volume 89 • Number 8
GDP and the Economy: Advance Estimates for the Second Quarter of 2009
Real GDP fell 1.0 percent after falling 6.4 percent in the first quarter. Business investment and
exports fell less than in the first quarter, and government spending turned up. Consumer spending
turned down.
6
Initial Results of the 2009 Comprehensive Revision of the National Income and
Product Accounts
Comprehensive revisions, released roughly every 5 years, incorporate new, high-quality source data
and changes in definitions and classifications that better capture the dynamic economy.
50
Research Spotlight
Defined Benefit Pensions and Household Income and Wealth
A discussion of accrual approaches to measuring defined benefit pension plans and the effect of
these approaches on household income, wealth, and saving.
63
U.S. Multinational Companies: Operations in the United States and Abroad in
2007
The value added of U.S. multinational companies increased 4.8 percent. The value added of U.S.
parents increased 2.0 percent, and the value added of their foreign affiliates increased 11.6 percent.
ii
August 2009
D-1
BEA Current and Historical Data
#//
Director’s Message
iv
Taking Account
BEA’s Web Site and Contacts (inside back cover)
Schedule of Upcoming News Releases (back cover)
Looking Ahead
Improved Estimates of the National Income and Product Accounts. More detailed
results of the 2009 comprehensive revision.
Metropolitan Area Personal Income. Advance estimates for 2008, including per cap
ita personal income.
August 2009
///'
Director’s Message______________
1 ........................... 1
1
............ .........
■■■■■■.......................................................... ............
■■
■■
......... .
The 2009 comprehensive revision of the national income and
product accounts, also known as the gross domestic product ac
counts, is discussed in this month’s issue, which includes many
tables of updated statistics. As you may know, comprehensive re
visions traditionally are released every 5 years. These revisions al
low us to incorporate high-quality source data, much of which
comes from the Economic Census, make improvements in meth
odologies and concepts, and update various presentations. Un
like annual revisions, which revise estimates for the 3 most recent
years, comprehensive revisions revise estimates from the begin
ning of the series.
This year’s comprehensive revision did not change the overall
picture of the economy over the years. However, for 2008, growth
was revised to 0.4 percent from 1.1 percent.
For the release of the comprehensive revision, we produced a
range of explanatory material, all of which is available at
www.bea.gov/national/anl .htm.
Elsewhere in this issue, statistics are presented on the opera
tions of U.S. multinational companies for 2007, looking at value
added, employment, and capital expenditures. The article de
scribes a major improvement in our collection of data about
banks for parents and affiliates.
Another article discusses possible approaches to measuring
defined benefit pension plans and the effect of these approaches
on measures of households’ wealth and income. As the U.S. pop
ulation ages, more complete information on these plans becomes
increasingly important.
August 2009
iv
Taking Account...
Accounting for Household
Production: Another Step
The importance of nonmarket
production has been a recurring
theme in the U.S. and interna
tional accounts literature since
the inception of national eco
nomic accounts. Economists
have long recognized that a key
component of nonmarket pro
duction is household activity.
Historically, the challenges of
producing a consistent, up-todate set of nonmarket produc
tion accounts that includes
household activity have left
most statistical agencies disin
clined to officially measure
household production, focusing
instead on goods and services
that could be measured with
harder data.
But a 2005 National Research
Council panel study, Beyond the
Market: Designing Nonmarket
Accounts for the United States, ar
gues that given the develop
ments in national accounting,
the detailed data on wages, the
data on nonmarket activities
such as housing services, and the
advent of the American Time
Use Survey (ATUS) by the Bu
reau of Labor Statistics, nonmarket household production
can be measured “with mild
straining” indirectly.
The Bureau of Economic
Analysis (BEA) does not offi
cially produce household pro
duction statistics, though it
continues to work towards es
tablishing consensus on the
measurement
methodologies.
Hopefully, better economic in
formation can be developed
about household activity in the
United States, which is predomi
nantly undertaken by women.
Such information may shed light
on the impact of rising women’s
labor force participation and the
role of household production on
the economy.
To that end, a recent paper,
published in The Review of In
come and Wealth in June, by BEA
Director Steve Landefeld, former
BEA Chief Economist Barbara
M. Fraumeni, and former BEA
economist Cindy M. Vojtech uti
lizes recent ATUS data and the
harmonized time series database
from the Multinational Time
Use Study (MTUS) to update
earlier “satellite account” esti
mates of household production.
The paper found:
• The value of “production”
occurring in the household—
including cooking, house
work, shopping, and child
care— was
roughly
$3.1
trillion in 2004 (the last year
for which estimates could be
calculated).
• The value of household pro
duction was nearly a third as
large as total market sector
production in 1965 as mea
sured by U.S. gross domestic
product (GDP) but had fallen
to a little less than a fifth in
2004. This shift in household
versus market production
reflects
the
increase
in
womens civilian labor force
participation rates from 40
percent in 1965 to 60 percent
in 2004.
The paper also provides esti
mates of major aggregates that
include adjustments to show
households as producers and
consumer durable good as in
vestment for 1965-2004.
The adjusted estimates show:
• Nominal GDP growth over
the period was 7.2 percent,
compared with 7.4 percent
(unadjusted).
Real
GDP
growth over the period was
2.9 percent, compared with
3.1 percent (unadjusted). The
adjusted GDP growth rates
reflect the growth of women
in the workforce over the
time period; household pro
duction growth was lower,
while
market
production
growth was higher.
• Labor income was boosted by
household production signif
icantly, 56 percent in 1965
and 33 percent in 2004. Using
a broader income measure
that included income from
consumer durable services,
personal income grew at a 7.3
percent annual rate compared
to 7.6 percent (unadjusted).
• Personal investment and per
sonal saving were also signifi
cantly boosted by household
production.
Gross saving
grew 6.5 over the period,
compared with 6.1 percent
(unadjusted). However, the
growth rate of private invest
ment was unchanged at 7.4
percent.
A copy of the paper can be
viewed on the BEA Web site at
www.bea.gov/about/pdf/RIOW_
Householdproduction.pdf.
1
August 2009
GDP and the Economy
Advance Estimates for the Second Quarter of 2009
R EAL GROSS domestic product (GDP) decreased at
.a n annual rate of 1.0 percent in the second quarter
of 2009, according to the “advance” estimates of the
national income and product accounts (NIPAs) (chart
1 and table l ) . 1 In the first quarter, real GDP decreased
6.4 percent.
The estimates for 1929 through the first quarter of
2009 have been revised as part of the comprehensive
NIPA revision. See “Initial Results of the 2009 Com
prehensive Revision of the National Income and Prod
uct Accounts” on page 6 of this issue.
The much smaller decrease in real GDP in the sec
ond quarter than in the first quarter primarily reflected
much smaller decreases in exports, in equipment and
software, in nonresidential structures, and in inventory
investment. Both federal government spending and
state and local government spending turned up, and
residential fixed investment fell less than in the first
quarter. In contrast, imports fell much less than in the
first quarter, and consumer spending turned down.2
• Prices of goods and services purchased by U.S. resi
dents increased 0.7 percent in the second quarter
after decreasing 1.4 percent (see page 3). Energy
prices decreased much less in the second quarter,
while food prices decreased more. Excluding food
and energy, gross domestic purchases prices
increased 1.1 percent after increasing 0.2 percent.
• Real disposable personal income (DPI) increased 3.2
percent in the second quarter after increasing 1.1 per
cent. The acceleration primarily reflected an upturn
in current-dollar DPI that mainly resulted from an
upturn in personal income that was partly offset by a
smaller decrease in personal current taxes.
• The personal saving rate, personal saving as a per
centage of current-dollar DPI, was 5.2 percent in the
second quarter; in the first quarter, it was 4.0 percent.
Chart 1. GDP, Prices, Disposable Personal Income (DPI)
Real GDP: Percent change from the preceding quarter
2005
2006
Residential ;fixed investment
Inventory investment
Exports
Im ports
Governm ent Spending
-1
-2
0
1
Percentage points at an annual rate
Prices: Percent change from the preceding quarter
-6 I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___
2005
2006
d a ta . M o r e in f o r m a t i o n c a n be f o u n d a t w w w . b e a . g o v / a b o u t/ in f o q u a l. h tm
a n d w w w . b e a .g o v /fa q /n a tio n a l/g d p _ a c c u r a c y .h tm . Q u a r te r ly e s tim a te s are
e x p re sse d a t s e a s o n a lly a d ju s te d a n n u a l ra te s , w h ic h a s sum es t h a t a ra te o f
a c t iv it y f o r a q u a r t e r is m a in t a in e d f o r a year.
2. I n t h is a r tic le , “ c o n s u m e r s p e n d in g ” re fe rs to “ p e r s o n a l c o n s u m p t io n
e x p e n d itu re s ,” “ in v e n t o r y in v e s tm e n t” re fe rs t o “ c h a n g e in p r iv a te in v e n t o
“ g o v e r n m e n t c o n s u m p t io n
e x p e n d itu r e s a n d g ro s s in v e s tm e n t.”
Christopher Swann prepared this article.
2007
2008
Real DPI: Percent change from the preceding quarter
a n d t h ir d ) in c o r p o r a te s in c re a s in g ly c o m p r e h e n s iv e a n d im p r o v e d s o u rc e
re fe rs to
2009
Nonresidential fixed investment
1. “ R e a l” e s tim a te s are in c h a in e d ( 2 0 0 0 ) d o lla r s , a n d p r ic e in d e x e s are
a n d “ g o v e r n m e n t s p e n d in g ”
2008
Consum er spending
c h a in - ty p e m e a s u re s . E a c h G D P e s tim a te f o r a q u a r t e r (a d v a n c e , s e c o n d ,
rie s,”
2007
Contributions to the percent change in real GDP in 2009:11
U . B re uo E o o icA a s
.S u a f c n m n ly is
2009
GDP and the Economy
2
August 2009
Real GDP Overview
Table 1. Real Gross Dom estic Product and Com ponents
C o n s u m e r s p e n d in g t u r n e d d o w n in th e s e c o n d q u a r
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
te r. S p e n d in g f o r d u r a b le g o o d s t u r n e d d o w n , r e fle c t
in g d o w n t u r n s in m o t o r v e h ic le s a n d p a rts a n d in
Change from
preceding period
(percent)
Contribution to percent
change in real GDP
(percentage points)
r e c r e a tio n a l g o o d s a n d v e h ic le s . S p e n d in g fo r n o n d u
r a b le g o o d s also t u r n e d d o w n , p r i m a r i l y as a r e s u lt o f
a d o w n t u r n in “o t h e r ” n o n d u r a b le g o o d s . S p e n d in g
2009
2008
II
2009
2008
2009
f o r se rvices t u r n e d u p .
III
IV
I
II
III
IV
1
II
-1.0
-2.7
-5.4
-6.4
-1.0
N o n r e s id e n tia l fix e d in v e s t m e n t fe ll m u c h less th a n in
Gross domestic product1....
100.0
-2.7
-5.4
-6.4
Personal consumption
expenditures...............................
70.6
-3.5
-3.1
0.6
22.5 -7.7 -10.0
7.1 -11.7 -20.3
15.4 -5.6 -4.9
48.1 -1.3
0.5
2.5
3.9
1.9
-0.3
G oods..........................................
Durable goods..........................
Nondurable goods...................
Services.......................................
-1.2 -2.49 -2.15
-4.0
-7.1
-2.5
0.1
0.44 -0 .8 8 1
-1.89 -2.41
0.56 -0.92
-0.95 -1.64
0.28 -0.52
-0.94 -0.78
0.29 -0.40
0.04
-0.60
0.26 -0.13
Gross private domestic
investment..................................
Fixed investment.........................
11.2
12.3
Nonresidential..........................
9.9
-6.1 -19.5 -39.2
3.6
6.3
-0.1 -7.2 -43.6
-9.4 -25.9 -36.4
-8.9
0.00 -0.31 -2.28 -0.34
-9.0 -0.73 -2.15 -3.01 -0.59
m e n t a n d s o ftw a re r e fle c te d a n u p t u r n in tr a n s p o r t a
t io n e q u ip m e n t a n d a s m a lle r de crease in in d u s tr ia l
e q u ip m e n t. T h e
s m a lle r d e crease
in
s tru c tu re s
re
fle c te d s m a lle r decreases in m in in g e x p lo r a t io n , sh afts,
-8.9 -0.73 -2.47 -5.29 -0.94
Structures.............................
Equipment and software.....
th e fir s t q u a r te r . A m u c h s m a lle r d ecrease in e q u ip
Residential...............................
Change in private inventories.....
Net exports of goods and
services....................................
-6.9 -24.2 -50.5 -20.4 -1.04 -3.91 -8.98 -2.64
-8.3 -20.2 -39.0 -13.5 -1.30 -3.28 -6.62 -1.82
2.4 -15.9 -23.2 -38.2 -29.3 -0.57 -0.81
-1.1
-0.10
0.45
R e s id e n tia l in v e s t m e n t d e c re a s e d less th a n in th e fir s t
q u a r te r , p r i m a r i l y r e fle c tin g a s m a lle r d e crease in s in -
-1.33 -0 .8 8 -
0.26 -0.64 -2.36 -0.83
-2.5
a n d w e lls a n d in c o m m e r c ia l a n d h e a lth c a re s tr u c
tu re s .
2.64
1.38
g le - f a m ily s tru c tu re s .
In v e n t o r y
in v e s t m e n t
s u b tr a c te d
0 .8 3
p e rc e n ta g e
10.5
-3.6 -19.5 -29.9
-7.0 -0.48 -2.67 -3.95 -0.76
p o in t f r o m th e p e r c e n t c h a n g e in re a l G D P a fte r s u b
Goods.......................................
6.9
-1.8 -25.5 -36.9
-9.3 -0.17 -2.50 -3.41
t r a c t in g 2 .3 6 p e rc e n ta g e p o in ts .
S ervices...................................
3.6
-7.7
-2.3 -0.31
Exports.........................................
-4.3 -13.6
-0.68
-0.17 -0.54 -0.09
Imports..........................................
12.9
-2.2 -16.7 -36.4 -15.1
0.38
3.12
6.58
2.14
Goods.......................................
10.3
-3.7 -19.6 -41.0 -15.9
0.55
3.09
6.25
1.82
Services...................................
Government consumption
expenditures and gross
investment..................................
2.6
-0.9 -11.5 -11.5 -0.17
0.03
0.34
0.32
20.7
4.8
1.2
-2.6
5.6
0.95
0.24 -0.52
1.12
Federal..........................................
8.0
13.2
6.5
-4.3
10.9
0.93
0.49 -0.33
0.82
National defense.....................
5.5
19.8
3.8
-5.1
13.3
0.93
0.20 -0.27
0.67
Im p o r t s d e c re a s e d less th a n in th e fir s t q u a r te r . A ll
Nondefense..............................
2.6
0.1
12.7
-2.5
6.0
0.00
0.29 -0.06
0.15
c a te g o rie s o f g o o d s im p o r t s
State and lo cal.............................
12.6
0.1
-2.0
-1 .5
2.4
0.01 -0.25 -0.19
0.30
p r o d u c ts c o n tr ib u te d to th e s m a lle r decrease.
6.1
E x p o r ts d e c re a s e d m u c h less t h a n in th e fir s t q u a r te r ,
m a in l y r e fle c tin g a m a r k e d ly s m a lle r d e crease in a u t o
m o tiv e v e h ic le s , e n g in e s , a n d p a rts a n d a n u p t u r n in
1. The estimates of GDP under the contribution columns 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 ote.
[Seasonally adjusted at annual rates]
2008
II
F e d e r a l g o v e r n m e n t s p e n d in g t u r n e d
and
u p , r e fle c tin g
u p tu r n s in n a t io n a l d e fe n s e a n d n o n d e fe n s e s p e n d in g .
s tru c tu re s in v e s tm e n t t u r n e d u p .
Contribution to percent
change in real GDP
(percentage points)
Change from
preceding period
(percent)
2009
e x c e p t p e t r o le u m
S ta te a n d lo c a l g o v e r n m e n t s p e n d in g also t u r n e d u p ;
Table 2. Real Gross D om estic Product (GDP) by Type of Product
Share of
currentdollar
GDP
(percent)
in d u s t r ia l s u p p lie s a n d m a te r ia ls .
2009
2008
II
III
R e a l fin a l sales o f d o m e s tic p r o d u c t, re a l G D P less i n
2009
III
IV
I
IV
I
II
-2.7
-2.9
-5.4
-4.7
-6.4
-4.1
-1.0 -2.7 -5.4 -6.4 -1.0
-0.2 -2.94 -4.74 -4.07 -0.19
v e n t o r y in v e s tm e n t, d e c re a s e d 0 .2 p e rc e n t in th e sec
o n d q u a r te r a fte r d e c re a s in g 4 .1 p e rc e n t in th e fir s t
Gross domestic product1 ..............
Final sales of domestic product
100.0
101.1
Change in private inventories....
G oods.............................................
Services..........................................
Structures.......................................
Addenda:
-1.1
25.6
66.1
8.3
-7.0 -16.4 -8.7
-0.4
0.7 -0.9
-5.5 -12.9 -34.0
0.26 -0.64 -2.36 -0.83
-4.1 -1.91 -4.54 -2.19 -1.08
1.4 -0.22 0.46 -0.53 0.94
-9.9 -0.55 -1.30 -3.70 -0.88
Motor vehicle output..........................
1.5
-6 .6 -bO.b -64.5
14.6 -0.15 -1.41 -1.69
GDP excluding motor vehicle output
98.5
-2 .6
-4.1
-4 .9
-1.2 -2.53 -3.96 -4.74 -1.22 -
Final sales of computers...................
0.6
—
3.6
2.9
11.2
-6.5 -0.02
GDP excluding final sales of
computers......................................
99.4
-2 .7
-5.4
-6.5
0.02
0.20
0.06 -0.04
-1.0 -2.66 -5.39 -6.49 -0.98
1. The estimates of GDP under the contribution columns are also percent changes.
N o t e . 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.
q u a r te r .
M o t o r v e h ic le o u t p u t t u r n e d u p , in c re a s in g 1 4 .6 p e r
c e n t a fte r d e c re a s in g 6 4 .5 p e rc e n t.
E x c lu d in g m o t o r v e h ic le o u t p u t , re a l G D P d e c re a s e d
1.2 p e rc e n t a fte r d e c re a s in g 4 .9 p e rc e n t.
F in a l sales o f c o m p u te rs t u r n e d d o w n , d e c re a s in g 6 .5
p e rc e n t a fte r in c re a s in g 1 1 .2 p e rc e n t.
August 2009
Su r v e y
C u r r e n t B u siness
of
3
Prices
Table 3. Prices for Gross Dom estic Purchases
P ric e s p a id b y U .S . re s id e n ts , as m e a s u re d b y th e gross
[Percent change at annual rates; based on seasonally adjusted index numbers (2005=100)]
Change from
preceding period
(percent)
2008
d o m e s tic p u rc h a s e s p r ic e in d e x , in c re a s e d 0 .7 p e rc e n t
Contribution to percent
change in gross
domestic purchases prices
(percentage points)
2008
2009
ll
III
0.7
4.3
in th e s e c o n d q u a r te r a fte r d e c re a s in g 1 .4 p e rc e n t in
th e fir s t q u a r te r . I n th e fir s t q u a r te r , th e fe d e r a l p a y
rais e fo r c iv ilia n a n d m i l i t a r y p e r s o n n e l a d d e d 0 .3 p e r
2009
IV
I
-3.8
-1.4
c e n ta g e p o in t to th e p e rc e n t c h a n g e ; th e p a y rais e is
tr e a te d as a n in c re a s e in th e p r ic e o f e m p lo y e e services
III
IV
I
II
Gross domestic purchases1....................
4.3
-3.8
-1.4
Personal consumption expenditures.........
4.7
-5 .0
-1.5
1.3
3.08 -3.43 -1.01
0.90
C o n s u m e r p ric e s in c re a s e d 1.3 p e rc e n t a fte r d e c re a s
6.8 -16.1
-1.2 -3.3
10.8 -21.5
3.6
1.0
-6.0
-1.7
-7.9
0.7
2.6 1.51 -3.86 -1.35
0.3 -0.09 -0.23 -0.12
3.7 1.60 -3.63 -1.23
0.7 1.57 0.43 0.34
0.57
0.02
0.55
0.33
in g 1.5 p e rc e n t. T h e u p t u r n m a in l y re fle c te d a t u r n
p u rc h a s e d b y th e fe d e r a l g o v e r n m e n t.
Goods............................................................
Durable goods.........................................
Nondurable goods...................................
Services.......................................................
0.7
Gross private domestic investment...........
Fixed investment.........................................
2.3
2.5
5.3
1.3
-1.8
-2.0
-2.5
-2.5
0.38
0.36
4.4
4.4
-1.3
-3.7
0.48
0.48 -0.13 -0 .3 /
Structures.............................................
Equipment and software.....................
6.7
7.9
3.1
2.5
-3.5
0.1
-9.1
-0.5
0.26
0.22
0.31 -0.14 -0.34
0.17 0.01 -0.03
Residential................................................
Change in private inventories.....................
-3 .8
-9.5
-4.9
go o d s.
0.74 -0.22 -0.28
0.19 -0.27 -0.31
Nonresidential.........................................
a r o u n d in p ric e s p a id fo r g a s o lin e a n d o t h e r e n e rg y
Government consumption expenditures
and gross investment...............................
4.2
-5.8
2.5 -0.12 -0.29 -0.14
0.02 0.55 0.05
P ric e s p a id f o r n o n r e s id e n tia l fix e d in v e s tm e n t d e
creas ed m o r e th a n in th e fir s t q u a r te r , p r i m a r i l y r e
fle c tin g a la r g e r d e crease in p ric e s p a id fo r s tru c tu re s .
0.06
0.03
-1.1
0.6
0.80 -1.15 - 0.21
P ric e s p a id fo r r e s id e n tia l in v e s tm e n t t u r n e d u p , i n
c re a s in g 2 .5 p e rc e n t a fte r d e c re a s in g 4 .9 p e rc e n t. I t w as
0.12
Federal.........................................................
1.9
-4.1
1.7
0.6
0.14 -0.30
0.12
2.4
-6.0
0.9
0.5
0.11 -0.31
0.05
0.03
Nondefense..............................................
State and lo ca l.............................................
Addenda:
Gross domestic purchases:
Food.............................................................
0.8
5.6
0.2
-6.9
3.3
-2.8
0.9
0.6
0.02 0.01 0.08
0.66 -0.85 -0.34
0.02
0.07
9.5
6.5
-1.1
-3.3
0.47
30.9 -61.8 -36.1
-1.9
th e fir s t in c re a s e sin ce th e f o u r t h q u a r te r o f 2 0 0 7 .
0.05
National defense......................................
1.19 -3.64 -1.59 -0.07
Energy goods and services........................
Excluding food and energy.........................
Personal consumption expenditures (PCE):
Food.............................................................
Energy goods and services........................
Excluding food and energy.........................
“Market-based” P C E ...................................
Excluding food and energy.....................
Gross domestic product..................................
P ric e s p a id b y g o v e r n m e n t t u r n e d u p , in c re a s in g 0 .6
p e rc e n t a fte r d e c re a s in g 1.1 p e rc e n t; th e u p t u r n r e
fle c te d a n u p t u r n in p ric e s p a id b y sta te a n d lo c a l g o v
0.2
1.1
4.7 -1.1
9.3
29.8 -64.0 -36.7
0.33 -0.06 -0.19
-3.6
-2.2
2.0
1.5
2.3
n?
2.9
5.1
2.7
40
-0.6
-5.3
1.5
01
-1.2
1.9
1q
2.59 -0.53
0.22
e r n m e n t f o r n o n d u r a b le g o o d s.
0.99
C o n s u m e r p ric e s e x c lu d in g fo o d a n d e n e rg y , a m e a
s u re o f th e “c o re ” r a te o f in f la t io n , p ic k e d u p .
T h e G D P p r ic e in d e x in c re a s e d 0 .2 p e rc e n t, 0 .5 p e r
ce n ta g e p o in t less th a n th e p e rc e n t in c re a s e in th e
p r ic e in d e x f o r gross d o m e s tic p u rc h a s e s , r e fle c tin g a
s te e p e r u p t u r n in i m p o r t p ric e s th a n in e x p o r t p ric e s .
1.
The estimates under the contribution columns are also percent changes
N o t e . 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
B E A ’s gross d o m e s tic p u rc h a s e s p r ic e in d e x is th e m o s t
B E A also p re p a re s a s u p p le m e n t a l P C E p r ic e in d e x , th e
c o m p re h e n s iv e in d e x o f p ric e s p a id b y U .S . re s id e n ts f o r a ll
“ m a r k e t- b a s e d ” P C E p r ic e in d e x , w h ic h is b a s e d o n m a r k e t
g o o d s a n d se rvices. I t is d e r iv e d f r o m th e p ric e s o f p e rs o n a l
tra n s a c tio n s f o r w h ic h th e r e a re c o r r e s p o n d in g p r ic e m e a
c o n s u m p tio n e x p e n d itu r e s ( P C E ) , p r iv a te in v e s tm e n t, a n d
sures. T h is in d e x ex c lu d e s m a n y im p u t e d e x p e n d itu r e s ,
g o v e r n m e n t c o n s u m p tio n a n d in v e s tm e n t.
s u c h as f in a n c ia l services fu r n is h e d w i t h o u t p a y m e n t , th a t
B E A als o p r o d u c e s p r ic e in d e x e s f o r a ll c o m p o n e n ts o f
a re in c lu d e d i n P C E a n d th e P C E p r ic e in d e x . B E A also
G D P . T h e P C E p r ic e in d e x is a m e a s u re o f th e t o ta l co st o f
p re p a re s a m a r k e t- b a s e d m e a s u re t h a t e x c lu d e s f o o d a n d
c o n s u m e r g o o d s a n d se rvices, in c lu d in g d u r a b le g o o d s ,
e n e rg y .
n o n d u r a b le
goods, a n d
services. P C E
fo o d ,
T h e c o re P C E p r ic e in d e x h as b e e n r e d e fin e d so i t n o w
e n e r g y g o o d s a n d services , a n d f o r a ll ite m s e x c e p t fo o d
in c lu d e s p u rc h a s e d m e a ls a n d b e v e ra g e s , su c h as re s ta u
and
r a n t m e a ls , a n d p e t fo o d . F o r m o r e in f o r m a t io n , see F A Q
e n e r g y a re als o e s tim a te d a n d
p ric e s
fo r
re p o rte d . H o w e v e r,
b e c a u s e p ric e s f o r f o o d a n d e n e r g y c a n b e v o la tile , th e
8 3 o n th e m a r k e t- b a s e d P C E p r ic e in d e x a n d F A Q 5 1 8 o n
p r ic e m e a s u re t h a t e x c lu d e s f o o d a n d e n e r g y is o f te n u s e d
th e r e d e f in it io n o f th e c o re P C E p r ic e in d e x o n B E A ’s W e b
as a m e a s u re o f u n d e r ly in g , o r “ c o re ,” in f la t io n .
site a t w w w .b e a .g o v .
4
GDP and the Economy
August 2009
Personal Income
Table 4. Personal Incom e and Its Disposition
P e rs o n a l in c o m e , w h ic h is m e a s u re d in c u r r e n t d o l
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
la rs , t u r n e d u p in th e s e c o n d q u a r te r , in c re a s in g $ 8 .0
Level
Change from preceding period
2008
2009
b i llio n a fte r d e c re a s in g $ 2 5 1 .7 b i llio n in th e fir s t q u a r
te r. T h e u p t u r n p r i m a r i l y r e fle c te d a m u c h s m a lle r d e
2009
crease
II
III
IV
I
II
in
w age
and
s a la ry
d is b u rs e m e n ts ,
an
a c c e le ra tio n in p e rs o n a l c u r r e n t tr a n s fe r re c e ip ts , a n
Personal income........................................................
11,989.8
-6.3
-53.1
-251.7
8.0
Compensation of employees, received.......................
7,756.4
36.3
-18.8
-211.2
-82.7
Wage and salary disbursements..............................
6,258.1
28.5
-24.2
-204.6
-80.8
Private industries...................................................
Goods-producing industries..............................
Manufacturing................................................
Services-producing industries..........................
Trade, transportation, and utilities................
Other services-producing industries............
Government............................................................
Supplements to wages and salaries.......................
Proprietors’ income with IVA and CCAdj.....................
5,073.7
1,082.9
665.5
3,990.8
990.8
3,000.0
1,184.4
1,498.4
1,023.4
16.4
-4.4
-5.0
20.8
-2.9
23.7
12.1
7.9
2.5
-30.6
-14.0
-8.1
-16.5
-8.4
-221.5
-70.5
-46.0
-151.1
-34.6
-8.1 -116.5
6.4
16.9
5.4
-6.6
-30.8
-45.8
-93.4
-38.8
-20.7
-54.6
-14.0
-40.6
12.6
-1.8
-14.4
Farm............................................................................
27.2
-0.1
-10.3
-11.7
-0.1
Nonfarm .....................................................................
996.2
2.6
-20.6
-34.0
-14.3
u p t u r n in p e rs o n a l in te r e s t in c o m e , a n d s m a lle r d e
creases in n o n f a r m p r o p r ie t o r s ’ in c o m e a n d in fa r m
p r o p r ie to r s ’ in c o m e .
W a g e a n d s a la ry d is b u rs e m e n ts d e c re a s e d less th a n in
th e fir s t q u a r te r , p r i m a r i l y r e fle c tin g a m u c h s m a lle r
de crease in w ag es a n d sa la rie s o f p r iv a te in d u s tr ie s .
W a g e s a n d sa laries o f g o v e r n m e n t s lo w e d .
F a r m p r o p r ie to r s ’ in c o m e d e c re a s e d less th a n in th e
fir s t q u a r te r , r e fle c tin g a s m a lle r de crease in p ric e s r e
c e iv e d b y fa rm e r s .
Rental income of persons with CC Adj........................
255.2
19.4
14.5
9.2
9.3
Personal income receipts on assets............................
1,782.5
4.1
-43.3
-112.6
-63.0
Personal interest income...........................................
1,247.5
21.2
-34.9
-49.5
4.1
Personal dividend income........................................
534.9
-17.0
-8.5
-63.1
-67.2
th e fir s t q u a r te r . T h e la rg e s t c o n t r ib u t o r w a s a s m a lle r
Personal current transfer receipts................................
2,135.2
-62.7
23.7
89.3
147.9
de crease in c o n s tr u c tio n .
N o n f a r m p r o p r ie to r s ’ in c o m e d e c re a s e d less th a n in
Less: Contributions for government social insurance .
963.0
6.0
-1.6
-19.4
-10.9
Less: Personal current taxes.............................................
1,079.5
111.1
-3.0
-241.7
-113.1
10,910.3 -117.4
-50.2
21.4 -223.7
10,344.2
-9.9
-27.6
121.1
-18.1
in g a n u p t u r n in th e a v e ra g e r a te o f r e t u r n o n th e
h o u s e h o ld s e c to r’s in te r e s t -b e a r in g assets.
Equals: Disposable personal income...............................
Less: Personal outlays......................................................
Equals: Personal saving...................................................
566.0 -138.7
173.5
17.7
139.1
10.3
9.4
0.0
0.6
0.0
0.6
10.1
0.3
0.2
0.9
3.4
0.0
0.0
3.4
0.0
P e rs o n a l in te r e s t in c o m e t u r n e d u p , p r i m a r i l y r e fle c t
Addenda: Special factors in personal income
In government wages and salaries:
Federal pay raise.......................................................
Reservists’ pay...........................................................
In supplements to wages and salaries:
Employer contributions for social insurance............
In personal current transfer receipts:
Cost-of-living adjustments........................................
Social security retroactive payments.......................
Emergency unemployment compensation..............
Supplemental Nutrition Assistance Program ..........
One-time economic recovery payments..................
Economic Stimulus Act of 2008 rebate payments...
In contributions for government social insurance:
Increase in taxable wage base.................................
Changes in premiums for supplementary medical
insurance................................................................
In personal current taxes:
Federal tax law changes...........................................
Refunds, settlements, and o ther..............................
Economic Stimulus Act of 2008 rebate payments...
P e rs o n a l c u r r e n t tr a n s fe r re c e ip ts a c c e le ra te d , p r i m a
r ily as a r e s u lt o f th e e ffects o f th e o n e - t im e e c o n o m ic
re c o v e r y p a y m e n ts o f $ 2 5 0 to r e c ip ie n ts o f s o c ia l s e c u
r ity ,
41.1
0.0
0.0
0.0
14.3
51.5
8.3
0.0
54.5
0.0
0.0 -107.8
0.0
0.0
16.7
0.0
0.0
-1.7
41.1
2.5
14.7
0.0
0.0
-2.7
0.0
-2.5
15.7
8.3
54.5
0.0
6.1
0.0
0.0
6.1
0.0
1.8
0.0
0.0
1.8
0.0
-53.8
-123.4
-19.8
0.0
0.0
142.3
0.0
-7.8
0.0 -123.4
50.8
-13.6
-46.0
0.0
0.0
s u p p le m e n ta l
s e c u r ity
in c o m e ,
v e te r a n s ’ p e n
s io n s , a n d r a ilr o a d r e tir e m e n t .
P e rs o n a l c u r r e n t ta xes d e c re a s e d less th a n in th e fir s t
q u a r te r , r e fle c tin g a m u c h s m a lle r decrease in fe d e ra l
n o n w it h h e ld in c o m e taxes t h a t w a s p a r t ly o ffs e t b y a
la r g e r d e crease in w it h h e ld in c o m e taxes.
P e rs o n a l s a v in g in c re a s e d $ 1 3 9 .1 b i llio n a fte r in c re a s
in g $ 1 7 .7 b illio n , r e fle c tin g a n u p t u r n in d is p o s a b le
p e rs o n a l in c o m e t h a t m o r e th a n o ffs e t a s m a lle r d e
crease in p e rs o n a l o u tla y s .
Note. Dollar levels are from NIPA tables 2.1 and 2.2B.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Chart 2. Personal Saving Rate
S a v in g
Seasonally adjusted annual rates
P e rs o n a l s a v in g — d is p o s a b le p e rs o n a l in c o m e less p e rs o n a l
o u tla y s — w a s
$ 5 6 6 .0
b i llio n
in
th e
second
q u a r te r ,
6 -------------------------------------------
an
in c re a s e o f $ 1 3 9 .1 b illio n . A s a r e s u lt o f th e c o m p re h e n s iv e
r e v is io n , f o r
1 9 9 7 -2 0 0 8 ,
u p w a rd
re v is io n s to
d is p o s a b le
in c o m e w e r e g r e a te r t h a n u p w a r d re v is io n s to p e rs o n a l o u t
lay s, r e s u ltin g in u p w a r d re v is io n s to p e rs o n a l s a v in g . See
“ I n i t i a l R e s u lts o f th e 2 0 0 9 C o m p r e h e n s iv e R e v is io n o f th e
N a t i o n a l In c o m e a n d P r o d u c t A c c o u n ts ” o n p a g e 6 .
-2
___ I __ I___ I___ I___ I___ I___ I __ I___ I___ 1 __ I___ I __ I___ I___ I___
_
_
_
_
2005
2006
U.S. Bureau of Economic Analysis
2007
2008
2009
August 2009
Su r v e y
of
5
C u r r e n t B u siness
Source Data for the Advance Estimates
Table 5. Monthly Advance Estim ates of Key NIPA Com ponents Based on Partial Data, 2009:11
[Billions of dollars, seasonally adjusted at annual rates]
2009
Jan.
Private fixed investment:
Nonresidential structures:
Value of new nonresidential construction put in place....................................................
Equipment and software:
Manufacturers’ shipments of complete aircraft...............................................................
Residential structures:
Value of new residential construction put in place:
Single family................................................................................................................
Multifamily....................................................................................................................
May
June1
400.1
401.5
406.9
409.0
407.9
47.7
34.9
38.2
38.5
36.2
33.9
124.9
37.8
111.0
36.9
101.5
37.7
95.4
36.3
91.1
32.8
93.3
33.6
-28.8
-28.3
-6.6
-24.7
-0.9
-9.0
-50.4
-67.0
-80.2
-74.3
-60.2
-59.3
989.3
973.8
012.3
1000.3
990.9
976.9
960.0
949.3
984.6
970.3
988.5
976.3
1,560.6
1,554.9
-571.2
1,458.8
1,451.4
-446.6
1,461.6
1,452.7
-470.7
1,432.6
1,425.9
-448.0
1,467.3
1,460.3
-478.8
-581.2
-451.1
-475.8
1,439.1
1,432.1
-479.1
-482.7
-455.6
-484.0
273.4
282.1
289.1
291.4
289.4
290.4
State and local government structures:
Value of new construction put in place...............................................................................
1. Assumption.
2. Nonmonetary gold is included in balance-of-payments exports and im-
April
March
395.1
Change in private inventories:
Change in inventories for nondurable manufacturing.........................................................
Change in inventories for merchant wholesale and retail industries other than motor
vehicles and equipment..................................................................................................
Net exports:2
Exports of goods:
U.S. exports of goods, international-transactions-accounts basis.................................
Excluding gold.............................................................................................................
Imports of goods:
U.S. imports of goods, international-transactions-accounts basis.................................
Excluding gold.............................................................................................................
Net exports of goods..........................................................................................................
Excluding gold................................................................................................................
Feb.
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
W h i l e th e a d v a n c e e s tim a te s o f m a n y c o m p o n e n ts o f G D P
ment: F e d e r a l
a re b a s e d o n 3 m o n t h s o f s o u rc e d a ta , s o m e e s tim a te s are
s t r u c tio n s p e n d in g (v a lu e p u t in p la c e ) ( 2 ) , a n d sta te a n d
b a s e d o n o n ly 2 m o n t h s o f d a ta . F o r th e f o llo w in g ite m s ,
lo c a l g o v e r n m e n t e m p lo y m e n t (3 ) ;
th e n u m b e r o f m o n t h s fo r w h ic h d a ta a re a v a ila b le is
o u tla y s ( 3 ) , sta te a n d lo c a l g o v e r n m e n t c o n
Compensation:
E m p lo y m e n t ,
a v era g e h o u r ly
e a rn in g s
a n d a v era g e w e e k ly h o u r s ( 3 ) ; a n d
s h o w n in p a re n th e s e s .
Personal consumption expenditures:
Sales o f r e ta il stores
GDP prices: C o n s u m e r
( 3 ) , u n it a u to a n d t r u c k sales ( 3 ) , a n d c o n s u m e rs ’ shares
in d e x e s
o f a u to a n d t r u c k sales ( 2 ) ;
U n it
a u to
and
and
p r ic e in d e x e s ( 3 ) , p r o d u c e r p r ic e
im p o r t s ( 2 ) .
Nonresidential fixed investment:
(3 ),
v a lu e s
and
q u a n titie s
o f p e t r o le u m
tr u c k
sales ( 3 ) , c o n s tr u c tio n s p e n d in g (v a lu e p u t in p la c e ) ( 2 ) ,
U n a v a ila b le so u rc e d ata
m a n u fa c tu r e r s ’ s h ip m e n ts o f m a c h in e r y a n d e q u ip m e n t
W h e n so u rc e d a ta w e r e u n a v a ila b le , B E A m a d e v a r io u s
e x c lu d in g a ir c r a ft ( 3 ) , s h ip m e n ts o f c iv ilia n a ir c r a ft ( 2 ) ,
a s s u m p tio n s f o r Ju ne, in c lu d in g th e fo llo w in g (t a b le 5 ):
a n d e x p o r ts a n d im p o r t s o f m a c h in e r y a n d e q u ip m e n t
• D ec re a s e s in n o n r e s id e n tia l s tru c tu re s a n d in
Residential investment:
C o n s t r u c t io n
s p e n d in g
(v a lu e
p u t in p la c e ) ( 2 ) , s in g le -fa m ily h o u s in g s ta rts ( 3 ) , sales o f
n e w h o m e s ( 3 ) , a n d sales o f e x is tin g h o u s es ( 3 ) ;
Change in private inventories:
goods
a ir c r a ft
s h ip m e n ts ,
(2 );
m a n u f a c t u r in g
T r a d e a n d n o n d u r a b le -
in v e n to r ie s
(2 ),
d u ra b le -g o o d s
m a n u f a c t u r in g in v e n to r ie s ( 3 ) , a n d u n i t a u to a n d tr u c k
in v e n to r ie s ( 3 ) ;
Net exports of goods and services: E x p o r t s
s in g le -fa m ily a n d m u l t i f a m i l y r e s id e n tia l
s tru c tu re s ,
• D ec re a s e s in in v e n to r ie s o f n o n d u r a b le -g o o d s m a n u f a c
t u r in g a n d o f n o n m o t o r v e h ic le m e r c h a n t w h o le s a le a n d
r e ta il tr a d e ,
• A n in c re a s e in e x p o r ts o f g o o d s e x c lu d in g g o ld a n d a
m u c h la r g e r in c re a s e in
a n d im p o r t s o f
g o o d s a n d se rvices ( 2 ) ;
Government consumption expenditures and gross invest
• In c re a s e s in
im p o r t s
o f g o o d s e x c lu d in g
g o ld , a n d
• A n in c re a s e in sta te a n d lo c a l g o v e r n m e n t s tru c tu re s .
A m o r e c o m p re h e n s iv e lis t is a v a ila b le o n B E A s W e b site.
August 2009
6
Initial Results of the 2009 Comprehensive Revision of the
National Income and Product Accounts
By Robert Kornfeld
HE BUREAU of Econom ic Analysis (BEA) re
leased the initial results of the 13th com prehen
sive, or benchmark, revision of the national income
and product accounts (NIPAs) on July 31, 2009. The
last comprehensive revision was released in Decem
ber 2003.
Traditionally, comprehensive NIPA revisions differ
from annual NIPA revisions because of the scope of the
changes and because of the number of years subject to
revision. Comprehensive revisions incorporate three
major types of improvements: (1) changes in defini
tions and classifications that update the accounts to
more accurately portray the evolving U.S. economy,
(2) statistical changes that update the accounts to re
flect the introduction of new and improved methodol
ogies and the incorporation of newly available and
revised source data, and (3) changes in presentations
that update the NIPA tables to reflect the changes in
definitions and the statistical changes and to make the
tables more informative. Comprehensive revisions are
usually conducted at about 5-year intervals that corre
spond with the integration of updated statistics from
BEA’s quinquennial benchmark input-output ac
counts.
This article summarizes the effect of this year’s
comprehensive revision on key NIPA measures and
briefly describes the changes in definitions and classi
fications and the key statistical and methodological
changes that were implemented (see table A). In ad
dition, table B summarizes the major source data in
corporated for selected detailed NIPA components.
Updated tables— including those that are regularly
shown in the gross domestic product (GDP) news re
leases as well as special tables— follow this article. An
article in the September 2 0 0 9 S u rv e y o f C u r r e n t B u s i
n ess will present a more detailed description of the
comprehensive revision. In addition, several articles
describing the comprehensive revision in-depth have
already been published; see the box “Additional In
formation.”
T
The picture of the economy shown in the revised
estimates is similar in broad outline to the picture
shown in the previously published estimates. For this
comprehensive revision, the m ost notable revisions
are generally limited to the period beginning with
1997. The revisions for earlier periods tend to be
small.
GDP growth highlights
• For 1929-2008, the average annual growth rate of real
GDP was 3.4 percent, 0.1 percentage point higher
than the previously published estimate.
• For 1997-2008, real GDP growth was 2.8 percent,
also 0.1 percentage point higher than the previously
published estimate. Beginning with 1997, nonresi
dential fixed investment, personal consumption
expenditures, and federal government spending grew
at a somewhat faster rate, exports of goods and ser
vices and state and local government spending grew
at a somewhat slower rate, and residential fixed
investment fell at a faster rate.
• For 1929-1997, the year-to-year real GDP growth
rate was unrevised for 50 of the 68 years. The largest
upward revision was 0.2 percentage point for 1993;
Chart 1. Revisions to Annual Percent Changes in
Real Gross Domestic Product
Percent
6 --------------------------------------------------------------------------------------------------------
_
Previously published
■ ■ Revised
2004
2005
U . B re uo E o o icA a s
.S u a f c n m n ly is
2006
2007
2008
August 2009
Su r v e y
of
C u r r e n t B u sin es s
7
the largest downward revision was 0.2 percentage
point for 1987.
• For 1997-2005, the real GDP growth rate was revised
up seven times and unrevised three times. The largest
upward revision was 0.4 percentage point for 2000.
The upward revisions for 1999 and 2001 were each
0.3 percentage point, and the upward revisions for
1998, 2002, and 2005 were each 0.2 percentage point.
The growth rates for 1997, 2003, and 2004 were unre
vised.
• For the 3 most recent years, the real GDP growth rate
was revised down 0.1 percentage point to 2.7 percent
for 2006, was revised up 0.1 percentage point to 2.1
percent for 2007, and was revised down 0.7 percent
age point to 0.4 percent for 2008 (chart 1).
2001, real GDP increased at an average annual rate of
0.1 percent; in the previously published estimates, it
had decreased 0.2 percent.
• Earlier business cycles show little revision.
Business cycle highlights
Income and saving highlights
• From the fourth quarter of 2007 to the first quarter of
2009, real GDP decreased at an average annual rate of
2.8 percent; in the previously published estimates, it
had decreased 1.8 percent. In the revised estimates,
real GDP decreased in the first, third, and fourth
quarters of 2008, and in the first quarter of 2009.
• For the expansion from the third quarter of 2001 to
the fourth quarter of 2007, real GDP increased at an
average annual rate of 2.7 percent; in the previously
published estimates, it had increased 2.6 percent.
• For the fourth quarter of 2000 to the third quarter of
• For 1997-2008, personal income was revised up; the
upward revisions mainly reflect upward revisions to
rental income of persons and to nonfarm proprietors’
income. For 2001 and 2003, the upward revisions
also reflect upward revisions to employer contribu
tions for employee pension and insurance funds. For
2 0 0 1 -2007, the upward revisions also reflect upward
revisions to wages and salaries. For 2007 and 2008,
the upward revisions reflect upward revisions to per
sonal interest income. The upward revisions to per
sonal income are moderated by downward revisions
to personal interest income for 1997-2005 and to
personal dividend income for 2005, 2007, and 2008.
• For 1997-2008, disposable personal income (DPI),
which is personal income less personal current taxes,
was also revised up.
• For 1929-2008, the average annual increase in real
DPI (DPI adjusted to remove price changes) was 3.3
percent, 0.1 percentage point higher than the previ
ously published estimate. For 1997-2008, the average
annual increase in real DPI was 3.1 percent, also 0.1
percentage point higher than the previously pub
lished estimates.
• For 1997-2008, personal saving (DPI less personal
outlays) was revised up; the upward revisions are
more notable beginning with 2001. Both DPI and
personal outlays were revised up for 1997-2008; per
sonal saving were revised up because the magnitudes
of the upward revisions to DPI were larger than those
to personal outlays.
• For 1997-2008, the personal saving rate (personal sav
ing as a percentage of DPI) was revised up. The pattern
A d d itio n a l In fo r m a t io n
R e v is e d e s tim a te s f o r se le c te d N I P A ta b le s a re a v a il
a b le o n B E A ’s W e b site a t w w w .b e a .g o v . T h e release
s c h e d u le fo r th e f u ll set o f N I P A ta b le s is a v a ila b le a t
w w w .b e a .g o v /n a tio n a l/ta b le s _ r e le a s e s c h e d u le .h tm .
The
c o m p re h e n s iv e r e v is io n w a s p r e v ie w e d in
a
series o f a rtic le s in th e Su r v e y of C u r r e n t B usiness , a ll
of
w h ic h
a re
a v a ila b le
on
B E A ’s
W eb
site
at
w w w .b e a .g o v /n a tio n a l/ a n 1 .h tm :
• E ffe c ts
of
In c o r p o r a t in g
th e
2002
B e n c h m a rk
I n p u t - O u t p u t A c c o u n ts in M a r c h 2 0 0 8
• N ew
C la s s ific a tio n s
fo r
P e rs o n a l
C o n s u m p t io n
E x p e n d itu r e s in M a y 2 0 0 8
• C h a n g e s in D e f in it io n s a n d P re s e n ta tio n s in M a r c h
2009
• S ta tis tic a l C h a n g e s in M a y 2 0 0 9
A n a r tic le in th e S e p te m b e r 2 0 0 9 Su r v e y w i l l p re s e n t
a m o r e d e ta ile d d e s c r ip tio n o f th e c o m p re h e n s iv e r e v i
s io n a n d a n e x te n s iv e set o f N I P A ta b le s t h a t a re u s u a lly
p u b lis h e d in th e A u g u s t Su r v e y .
Price highlights
• For 1929-2008 and 1997-2008, the average annual
increases in the price indexes for GDP and gross
domestic purchases were unrevised. For 1929-2008,
the average annual increases in the price indexes for
GDP and for gross domestic purchases were each 3.0
percent. For 1997-2008, the average annual increase
in the price index for gross domestic purchases was
2.4 percent; the average annual increase in the price
index for GDP was 2.3 percent.
Initial Results of the 2009 Comprehensive NIPA Revision
of revisions to the personal saving rate generally fol
lows the pattern of revisions to personal saving.
• For 1997-2008, national income was also revised up.
The upward revisions mainly reflect upward revi
sions to rental income of persons, to nonfarm pro
August 2009
prietors’ income, to wage and salary disbursements,
and to employer contributions for employee pension
and insurance funds. The revisions to national
income also reflect upward revisions to net interest
for 2006-2008.
Table A. Changes in Definitions, Classifications, and Methodologies
Changes in definitions and classifications
New treatment of disasters.,
Components
National income, net operating surplus, consumption of fixed capital, current transfer
receipts and payments, proprietors’ income, rental income of persons, corporate
profits, personal income, capital account transactions, capital transfer receipts and
payments, personal saving, net government saving, net saving, and the balance on
the current account, NIPAs
Reclassify transactions between the federal government and the U.S. territories
and commonwealths...................................................................................
New treatment of insurance services provided by government enterprises.......
New classification system for personal consumption expenditures....................
Initial year
of change
1971
Contributions for government social insurance, government social benefits paid to the
rest of the world, other current transfer payments to the rest of the world, net federal
government saving, gross saving, net lending or borrowing, NIPAs, and the balance
on the current account, NIPAs
Gross domestic income, subsidies, net operating surplus, business current transfer
payments to government, rental income of persons, current surplus of government
enterprises, personal income, personal saving, net government saving, net and
gross saving, and the statistical discrepancy
1976
PCE
1929
Changes in methodologies
Components
1951
Initial year
of change
Product side
Change in coverage of retail-control method.....................................................
Use of consumer electronics scanner data.......................................................
Improved estimates of imputed rental value of owner-occupied nonfarm housing
Use of Service Annual Survey data for estimates of hospitals and
telecommunications services........................................................................
Use of Quarterly Services Survey data for tax-exempt hospital and nursing home
revenue........................................................................................................
Removal of electricity commodity tax................................................................
Improved interpolation of change in private inventories................. ...................
Seasonal adjustment of petroleum import prices..............................................
Personal consumption expenditures (PCE)
PCE
PCE, rental income of persons
2002
PCE
2003
PCE
PCE
Change in private inventories
Imports
2005
1968
1997
1991
Wages and salaries
1986
Employer contributions for government social insurance by industry
All income estimates
Employer contributions for employee pension and insurance funds by industry
Nonfarm proprietors’ income, wages and salaries
Corporate profits, nonfarm proprietors’ income
1998
1998
1998
1984
1987
Corporate profits, PCE
Current surplus of government enterprises
National income by industry; gross value added of financial and nonfinancial domestic
corporate business; national income by sector, legal form of organization, and type of
income; PCE
1988
1989
PCE
2001
Government consumption expenditures and gross investment, change in private
inventories
1998
Net housing value added, net farm value added
1929
Improved estimates of motor vehicle valuation (2008).....................................
PCE, private equipment and software, change in private inventories
2002
Use of grocery store scanner data (2008).......................................................
Updated ratios to allocate federal nondefense expenditures (2005).................
Seasonal adjustment of federal nondefense motor vehicles (2006)..................
Seasonal adjustment of petroleum imports (2004).........................................
Improved prices for state and local government “other health services” (2007)..
Improved estimates of benefits paid by the Pension Benefit Guarantee
Corporation (2006)2..................................................................................
PCE
Federal nondefense consumption expenditures and gross investment
Federal nondefense gross investment
Imports
State and local government consumption expenditures
2003
1993
1993
1989
2000
Government social benefits
1985
2003
2003
Income side
Improved estimates of employee contributions to cafeteria plans.......................
Improved estimates of industry distribution of employer contributions for old-age,
survivors, and disability insurance................................................................
2002 NAICS-based industry estimates.............................................................
Improved distribution of employer contributions for health insurance by industry
Improved misreporting adjustments.................................................................
Improved allocation of business meals and entertainment expenses.................
Improved estimates of capital gains and indirect commissions of securities
brokers and dealers.....................................................................................
Improved estimates of the profits of Indian casinos...........................................
NAICS-based taxes on production and imports and nontax payments...............
1998
Quantity and price indexes
Monthly input cost indexes....................................................................
Improved pricing methods for Strategic Petroleum Reserve transactions.
Consumption of fixed capital
New classification of improvements in farm owner-occupied housing...............
Changes carried back from the 2004-2008 annual revisions1
1. The year in parentheses refers to the August Survey of Current Business in which the change was described.
2. The change was incorporated in the 2006 annual revision, but it was not described in the August 2006 Survey article.
NAICS North American Industry Classification System
NIPAs National income and product accounts
August 2009
S u r v e y o f C u r r e n t B u s in e s s
• For 2 0 0 6 -2 0 0 8 , corporate profits was revised down.
For 1997-2005, the revisions to corporate profits
show a mixed pattern.
Improvements
Changes in definitions, classifications, and presenta
tions. In this comprehensive revision, these changes
include the following:
• The treatment of disasters was changed to better
reflect the distinctions between current transactions,
capital transactions, and events that directly affect
balance sheets. Under the new treatment, disasterrelated damages to fixed assets are recorded as “other
changes in the volume of assets,” and disaster-related
insurance payouts are recorded as capital transfers.
• The reference year for the chain-type quantity and
price indexes and for the chained-dollar estimates
was updated from 2000 to 2005.
• The terminology used to describe two of the three
vintages of the current quarterly GDP estimates was
changed. The “advance” estimate was not changed.
This estimate is followed by the “second” estimate
(previously known as “preliminary”) and the “third”
estimate (previously known as “final”).
•A new classification system for personal consumption
expenditures (PCE) was adopted that reflects con
temporary spending patterns and presents categories
that are more useful for the analysis of spending by
households and nonprofit institutions serving house
holds. The new classification system for PCE resulted
in a redesign of a large number of NIPA tables.
The new classification system for PCE does not, by
itself, affect the overall level of current-dollar PCE (or
GDP). The revisions to total current-dollar PCE reflect
only statistical changes (the incorporation of new
source data and estimating methodologies). The new
9
classification system, however, does shift the composi
tion of PCE, resulting in a substantial upward revision
to PCE for services, an upward revision to PCE for du
rable goods, and a downward revision to PCE for non
durable goods.
Because the composition of the major components
of PCE (durable goods, nondurable goods, and ser
vices) changed with the new classification system,
comparisons of the revised estimates for components
of PCE with the previously published estimates are not
shown in the tables beginning on page 16.
Statistical changes. Several important statistical
changes that introduce new and improved methodolo
gies and that bring in newly available source data in
clude the following:
• The revised estimates incorporated BEA’s 2002
benchmark input-output accounts, which provide
the most detailed information on the structure of the
U.S. economy. These accounts were used to bench
mark many of the expenditure components of GDP
and some of the income components.
• The estimates of proprietors’ income and private
wages and salaries were improved by updating
adjustments for the underreporting and nonreport
ing of income, using newly available data from the
Internal Revenue Service and the Census Bureau.
• The estimates of wages and salaries were improved by
incorporating new information on employee “cafete
ria plans.” Under these plans, employees may use a
portion of their salaries on a pretax basis to pay for
health insurance and to contribute to “flexible spend
ing arrangements,” which reimburse them for medi
cal care and dependent care expenses.
Table B, tables 1-13, and appendix A follow.
10
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table B. NIPA Revisions: Selected Components Detail and Major Source Data and Conceptual Changes Incorporated, 2002-2008—Continues
Billions of dollars
Line
NIPA component
Revised level
2002
1 Gross domestic product..................................
2 Personal consumption expenditures..............
3
Goods.............................................................
4
Durable goods2...........................................
Of which:
New autos..........................................
5
Tires...................................................
6
7
Furniture.............................................
8
Video, audio, photographic, and
information processing equipment
and media3......................................
2005
Revision in level
2008
10,642.3 12,638.4 14,441.4
7,439.2 8,819.0 10,129.9
2,610.0 3,073.9 3,403.2
992.1 1,105.5 1,095.2
2002
2003
2004
2005
Major source data and conceptual changes incorporated1
2006
2007
2008
172.7
88.5
181.3
100.4
181.9
89.2
216.5
124.9
220.5
115.5
270.1
116.2
176.8
72.0
96.1
16.2
97.4
20.2
85.4
24.2
-5.6
-5.2
-5.9
-5.3
-5.7
-5.6
-5.7
-5.9
-6.5
-5.8
-6.1
-5.7
-5.4
-5.5
80.7
93.3
92.8
11.8
12.3
13.1
13.9
13.8
12.8
11.5
140.8
1,617.9
167.7
1,968.4
188.5
2,308.0
20.8
21.1
23.0
25.4
25.1
25.4
25.0
Of which:
Food and beverages purchased for offpremises consumption3...................
569.6
665.0
784.3
-42.6
-42.9
-49.1
-54.6
-64.8
-69.8
-76.0
11
Men’s and boys’ clothing.....................
82.4
93.6
99.5
-10.4
-10.2
-10.6
-11.0
-12.2
-13.2
-14.2
12
Gasoline and other motor fuel.............
156.8
278.1
378.7
-4.5
-0.7
-0.7
-0.9
-0.4
1.7
2.9
13
Prescription drugs...............................
172.3
218.9
244.4
-5.3
-5.8
-6.3
-6.7
-7.2
-7.2
-9.6
14
Tobacco..............................................
70.1
71.1
77.1
-19.0
-18.3
-17.1
-17.2
-17.5
-18.3
-19.6
4,829.2
5,745.1
6,726.8
1,334.8
1,582.8
1,843.7
870.9
1,044.5
1,186.8
61.8
67.5
64.5
93.1
90.8
80.2
91.4
-6.8
-6.9
-7.3
-8.0
-8.7
-8.6
-8.8
For 2002, BEA benchmark input-output accounts.
For 2002, BEA benchmark input-output accounts. New Census
Bureau Annual Retail Trade Survey (ARTS) data for 2007; revised
Census Bureau Monthly Retail Trade Survey (MRTS) data for
2008.
For 2002, BEA benchmark input-output accounts. New ARTS
data for 2007; revised ARTS data for 2008.
For 2002, BEA benchmark input-output accounts. Revised ARTS
data for 2006; new ARTS data for 2007; new trade source scanner
data for 2008.
q
10
15
For 2002, BEA benchmark input-output accounts. Revised ARTS
data for 2006; new ARTS data for 2007; revised MRTS data for
2008; new trade source scanner data for 2008.
For 2002, BEA benchmark input-output accounts. Revised ARTS
data for 2006; new ARTS data for 2007; revised MRTS data for
2008.
For 2002, BEA benchmark input-output accounts. New Federal
Highway Administration data for 2007; revised EIA data for 2008.
For 2002, BEA benchmark input-output accounts. Revised trade
source data for 2007 and 2008.
For 2002, BEA benchmark input-output accounts. New
Department of Treasury, Alcohol and Tobacco Tax and Trade
Bureau Data for 2008.
Of which:
1fi
17
Of which:
Imputed rental of owner-occupied
nonfarm housing.........................
18
Electricity and gas...........................
145.6
190.4
223.5
19
Transportation..........................................
Of which:
Motor vehicle maintenance and
repair3..........................................
256.7
285.9
307.8
136.8
154.9
158.8
8.7
1
0.1
10.2
11.5
5.6
4.1
-9.6
21
Air transportation.............................
39.5
47.7
52.2
11.2
12.1
12.9
13.3
13.5
15.0
16.1
??
Food services and accommodations.......
Of which:
Purchased meals and beverages....
438.2
525.3
608.7
374.9
443.5
511.5
-4.6
-3.4
-5.4
-5.7
-9.1
-10.1
-12.5
-14.0
-14.6
-13.3
For 2002, BEA benchmark input-output accounts and new
Census Bureau 2001 Residential Finance Survey data. New BLS
Consumer Expenditure Survey data for 2002-2007; new Census
Bureau Housing Vacancy Survey data for 2008.
For 2002, BEA benchmark input-output accounts. New EIA
utilities data for 2008.
-4.5
20
23
?4
25
26
27
28
576.2
712.6
72.8
69.5
97.4
-15.4
-15.3
-14.1
Other depository institutions and
regulated investment...................
Financial service charges and fees3
97.7
67.3
118.5
87.1
132.0
93.6
-0.6
-8.6
0.2
-5.7
0.0
-8.3
51.2
1,647.0
1,634.9
1,125.4
282.8
73.4
2,172.2
2,122.3
1,347.3
351.8
103.5
2,136.1
2,170.8
1,693.6
609.5
23.9
64.9
64.7
59.1
3.6
26.3
65.6
63.5
58.3
4.7
28.1
80.0
73.6
68.5
8.5
22.7
29.9
60.8
4.9
4.7
5.2
6.6
7.7
12.3
12.4
For 2002, BEA benchmark input-output accounts. Revised ARTS
data for 2006; new ARTS data for 2007; revised MRTS data for
2008.
835.6
Of which:
Commercial banks..........................
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau Service Annual Survey (SAS) data for 2007;
preliminary SAS data for 2008.
For 2002, BEA benchmark input-output accounts. New
Department of Transportation data for 2008.
For 2002, BEA benchmark input-output accounts. New FRB Call
Report data for 2008.
For 2002, BEA benchmark input-output accounts. New trade
-1.7
0.8
-14.8 source investment companies data for 2008.
0.5
-11.9
-13.8
-25.9 For 2002, BEA benchmark input-output accounts. Revised
-16.9
Federal Deposit Insurance Corporation data for 2008; new trade
source credit card data for 2008.
For 2002, BEA benchmark input-output accounts. Revised SAS
41.5
47.1 data for 2007; preliminary SAS data for 2008.
32.9
51.3
86.1
106.8
158.1
142.6
96.1
79.5
135.1
130.3
91.2
74.2
136.4
140.8
14.2
23.3
56.1
55.1
33
Portfolio management and
investment advice services.........
Gross private domestic investment.................
Fixed investment.............................................
Nonresidential............................................
Structures...............................................
Of which:
Manufacturing..................................
34
Power and communication..............
51.0
45.2
94.4
1.5
3.9
3.7
4.3
4.9
12.5
18.4
35
Mining exploration, shafts, and wells
Of which:
Petroleum and natural gas......
30.2
77.1
165.9
-5.4
-7.3
-3.8
0.5
6.3
24.4
23.2
28.0
73.5
160.0
-5.7
-7.6
-4.2
-0.1
5.5
23.7
22.1
29
30
31
32
36
S th fo tn te a da b v tio sa th e do th ta le
ee e o o s n b re ia n t e n f e b .
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau construction spending (value put in place) data for
2007 and 2008.
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau construction spending (value put in place) data for
2007 and 2008.
For 2002, BEA benchmark input-output accounts. Revised
footage drilled and expenditure data from a trade source for
2003-2008; new Census Bureau Annual Capital Expenditures
Survey data for 2006 and 2007.
August 2009
11
S u r v e y o f C u r r e n t B u s in e s s
Table B. NIPA Revisions: Selected Components Detail and Major Source Data and Conceptual Changes Incorporated, 2002-2008—Continues
Billions of dollars
Line
NIPA component
2002
37
38
39
Equipment and software..........................
Information processing equipment and
software..........................................
Of which:
Computers and peripheral
equipment..............................
842.7
2005
995.6
Major source data and conceptual changes incorporated1
Revision in level
Revised level
2008
1,084.1
2002
55.6
2003
53.6
2004
60.1
2005
60.1
2006
2007
2008
68.0
81.3
84.7
27.1
-3.1
419.8
475.3
562.9
20.4
24.2
25.7
23.9
22.9
19.7
79.7
78.9
86.7
2.5
-0.2
-0.1
-2.8
-3.9
-4.5
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau Annual Survey of Manufactures (ASM) product
shipments data for 2006; preliminary Census Bureau Economic
Census tabulations of industry shipments data for 2007; revised
Census Bureau monthly industrial shipments data for 2008;
revised FRB industrial production index for 2008.
23.6 For 2002, BEA benchmark input-output accounts. Revised
Census Bureau Service Annual Survey (SAS) detailed product
receipts data for 2006 and 2007; preliminary SAS data for 2008.
-2.5 For 2002, BEA benchmark input-output accounts. Revised ASM
product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau monthly industrial shipments data
for 2008.
For 2002, BEA benchmark input-output accounts. Revised ASM
4.4 product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau monthly industrial shipments data
for 2008.
0.2 For 2002, BEA benchmark input-output accounts. Revised ASM
product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau monthly industrial shipments data
for 2008.
13.2 For 2002, BEA benchmark input-output accounts. Revised ASM
product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau monthly industrial shipments data
for 2008.
40
Software......................................
183.0
218.0
264.1
15.4
19.9
22.7
22.9
24.1
18.3
41
Communication equipment..........
83.7
83.2
100.2
-0.8
-0.4
-1.6
-2.3
-3.4
-1.8
42
Medical equipment and
instruments.............................
43.8
8.6
8.7
1.6
1.6
0.4
1.6
1.6
4.1
43
Office and accounting equipment
5.2
8.6
9.3
0.3
2.1
2.3
2.5
2.6
0.2
44
Industrial equipment............................
141.7
159.6
193.8
6.0
1.9
2.3
2.5
7.2
12.6
30.7
31.8
34.7
4.9
0.5
1.1
1.4
2.8
3.4
3.1
45.5
60.2
70.1
1.9
0.4
0.4
0.2
1.3
3.6
3.3
20.3
141.6
22.4
181.7
31.6
132.3
0.1
15.3
1.4
14.6
1.1
18.2
1.4
17.3
3.1
21.2
4.3
24.5
5.1
20.1
40.7
43.7
27.2
66.5
45.0
22.0
40.0
39.2
20.3
3.2
10.8
1.6
3.2
9.6
0.4
3.3
10.1
3.4
3.5
11.0
2.1
3.8
12.4
3.9
4.0
13.7
1.7
3.6
11.9
-0.1
50
51
Of which:
Special industry machinery, n.e.c.
General industrial, including
materials handling, equipment
Electrical transmission,
distribution, and industrial
apparatus...............................
Transportation equipment....................
Of which:
Light trucks (including utility
vehicles).................................
Autos..........................................
Aircraft.........................................
52
Railroad equipment.....................
4.8
7.0
7.9
1.5
1.3
1.5
1.8
2.5
5.6
5.2
53
Other equipment.................................
142.4
184.2
203.4
14.0
12.9
14.0
16.4
16.6
24.5
23.5
36.0
19.6
4.1
40.9
509.5
42.8
32.1
8.7
48.9
775.0
43.0
32.9
19.4
51.8
477.2
5.7
1.2
0.3
4.6
5.6
5.0
1.1
0.4
3.4
5.2
4.9
1.6
0.4
3.4
5.1
5.3
2.6
0.7
3.9
5.4
4.5
2.8
1.5
4.4
4.9
4.1
11.1
5.2
5.7
-1.2
4.0
11.0
5.3
5.5
-10.5
501.3
765.2
467.2
5.0
4.6
4.4
4.6
4.2
-2.1
-11.3
125.9
12.0
-2.5
14.5
18.5
164.4
50.0
0.1
49.8
98.0
165.5
-34.8
-7.1
-27.7
17.6
4.1
0.1
0.0
0.1
-0.8
4.1
2.1
-0.3
2.4
-0.2
3.3
6.3
0.8
5.6
1.8
3.7
6.7
-0.2
6.8
-2.1
4.3
10.7
0.3
10.3
10.5
-3.0
23.0
-2.2
25.2
19.0
-9.7
12.2
-4.7
16.9
7.0
0.4
15.3
3.4
-0.3
-0.5
-1.0
-3.0
13.0
-0.2
10.9
45
46
47
48
49
54
55
56
57
58
59
60
61
62
63
64
65
Of which:
Furniture and fixtures..................
Construction machinery..............
Mining and oilfield machinery......
Other..........................................
Residential..................................................
Of which:
Structures...........................................
Of which:
Improvements..............................
Change in private inventories..........................
Farm...........................................................
Nonfarm......................................................
Change in book value..............................
Of which:
Mining, utilities, and construction....
S eth fo tn te a da b v tio sa th e do th ta le
e e o o s n b re ia n t e n f e b .
For 2002, BEA benchmark input-output accounts.
For 2002, BEA benchmark input-output accounts.
For 2002, BEA benchmark input-output accounts. Revised ASM
product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau foreign trade data for 2004-2008;
Census Bureau Current Industrial Reports for 2008.
For 2002, BEA benchmark input-output accounts. Revised ASM
product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau monthly industrial shipments data
for 2008.
For 2002, BEA benchmark input-output accounts. Revised ASM
product shipments data for 2006; preliminary Census Bureau
Economic Census tabulations of industry shipments data for
2007; revised Census Bureau monthly industrial shipments data
for 2008.
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau construction spending (value put in place) data for
2007 and 2008.
Revised USDA data for 2000-2007; new USDA data for 2008.
For 2002, Census Bureau Economic Census inventory data for
construction and mining; IRS tabulations from business tax
returns for utilities. IRS tabulations from business tax returns for
2003-2007; Census Bureau Quarterly Financial Report mining
industries data for 2008; EIA utilities data for 2008.
12
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table B. NIPA Revisions: Selected Components Detail and Major Source Data and Conceptual Changes Incorporated, 2002-2008—Continues
Billions of dollars
Line
NIPA component
Revised level
2002
2005
Revision in level
2008
2002
2003
2004
2005
Major source data and conceptual changes incorporated1
2006
2007
2008
66
Manufacturing..................................
-5.1
38.6
9.8
1.4
0.6
0.0
0.0
-0.6
8.7
-2.4
67
Wholesale trade..............................
3.5
29.4
5.6
0.1
-0.9
2.7
0.3
-1.7
-0.7
-7.2
68
Retail trade.....................................
21.4
10.1
-6.7
-1.9
0.6
0.0
-0.1
-0.9
11.2
3.0
69
70
Of which:
Motor vehicle dealers..............
IVA..........................................................
16.0
-4.0
-1.7
-48.1
-0.1
-45.3
-0.9
1.0
0.5
2.5
0.0
3.8
-0.1
9.0
-0.1
-0.2
11.5
6.2
6.3
9.9
71 Net exports of goods and services..................
-427.2
-722.7
-707.8
-2.8
-4.7
-3.3
-9.1
-12.0
-6.0
-38.6
72
Exports...........................................................
73
Goods.........................................................
74
Services.....................................................
75
Imports...........................................................
76
Goods.........................................................
77
Services.....................................................
78 Government consumption expenditures and
gross investment..........................................
79
Federal...........................................................
80
National defense.........................................
81
Consumption expenditures......................
Of which:
82
Services.........................................
83
Gross investment....................................
84
Nondefense................................................
85
Consumption expenditures......................
1,003.0
700.3
302.7
1,430.2
1,193.9
236.3
1,305.1
906.1
399.0
2,027.8
1,708.0
319.8
1,831.1
1,266.9
564.2
2,538.9
2,126.4
412.4
-2.9
2.7
-5.7
-0.1
4.6
-4.7
0.2
2.4
-2.2
4.9
5.4
-0.3
-2.2
-1.3
-0.9
1.1
2.2
-1.0
-6.4
-2.3
-4.1
2.7
2.7
0.0
-9.8
-7.7
-2.1
2.2
2.2
0.0
-6.5
-9.8
3.3
-0.5
2.5
-3.0
-28.3
-16.2
-12.1
10.3
11.2
-1.0
1,983.3
680.6
437.7
380.7
2,369.9
876.3
589.0
514.8
2,883.2
1,082.6
737.9
634.0
22.2
0.9
0.6
-1.0
20.1
0.1
0.7
-1.6
16.0
-1.0
0.1
-1.7
14.6
0.8
0.9
-0.4
10.3
-0.5
0.8
-0.7
1.7
-2.6
-0.1
-5.2
0.8
10.7
3.0
-5.7
127.7
57.0
242.9
209.8
185.4
74.2
287.3
251.0
229.6
103.9
344.7
300.4
0.3
1.6
0.4
-0.1
-0.2
2.4
-0.7
-0.9
-0.9
1.8
-1.0
-0.6
-0.3
1.3
-0.1
-0.1
-0.4
1.5
-1.2
-0.1
-6.8
5.2
-2.6
-2.1
-9.1
8.7
7.7
8.2
13.0
70.3
33.1
1,302.7
1,049.4
19.7
82.5
36.3
1,493.6
1,212.0
22.7
103.0
44.3
1,800.6
1,452.4
1.7
-1.9
0.4
21.2
24.1
2.3
-3.3
0.2
20.1
22.7
2.4
-3.2
-0.4
17.0
18.8
2.9
-3.0
0.0
13.8
20.8
2.2
-2.6
-1.1
10.8
12.7
1.5
-3.9
-0.5
4.3
10.2
2.6
6.7
-0.5
-9.8
-2.0
765.8
883.3
1,026.9
11.6
13.7
11.0
10.9
14.1
16.8
16.8
86
87
88
89
90
91
Of which:
Nondurable goods...........................
Services.........................................
Gross investment....................................
State and local................................................
Consumption expenditures..........................
Of which:
Compensation of general government
employees......................................
92
Nondurable goods...............................
135.2
176.9
243.0
-2.0
-2.8
-3.8
-3.8
-7.0
-9.7
-14.6
93
Services.............................................
296.7
322.9
383.6
2.8
0.3
-0.3
1.3
-2.0
-3.4
-6.0
94
Less: Sales to other sectors................
247.3
288.7
348.5
-12.2
-12.1
-11.5
-12.3
-8.8
-7.9
-4.7
Of which:
Tuition and related educational
charges..................................
Health and hospital charges........
Gross investment.........................................
49.4
120.8
253.3
61.2
132.3
281.6
76.2
157.0
348.2
-4.2
-7.6
-2.8
-4.6
-8.2
-2.6
-4.5
-7.4
-1.8
-4.9
-8.6
-7.0
-5.2
-5.1
-1.9
-5.4
-3.7
-5.9
-6.0
-0.3
-7.8
205.8
230.8
290.9
47.5
50.8
57.3
10,642.3 12,638.4 14,441.4
-22.1
-79.7
101.0
10,664.4 12,718.0 14,340.4
-0.1
-2.7
172.7
-1.1
173.8
-0.2
-2.5
181.3
-32.2
213.5
-0.1
-1.7
181.9
-26.9
208.8
-5.1
-1.9
216.5
-8.5
225.0
-0.3
-1.6
220.5
-57.6
278.1
-3.8
-2.2
270.1
66.6
203.5
-4.7
-3.1
176.8
-37.1
213.9
95
96
97
98
Structures...............................................
99
Equipment and software..........................
100 Gross domestic product..................................
101 Less:Statistical discrepancy4..............................
102
Gross domestic income......................
E
quals:
S eth fo tn te a da b v tio sa th e do th ta le
e e o o s n b re ia n t e n f e b .
Revised Census Bureau Annual Survey of Manufactures (ASM)
inventory book value data for 2002-2006; preliminary Census
Bureau Economic Census data for 2007; revised Census Bureau
monthly inventory data for 2008.
Revised Census Bureau Annual Wholesale Trade Survey (AWTS)
inventory book value data for 2002-2006; new AWTS data for
2007; revised Census Bureau monthly inventory data for 2008.
Revised Census Bureau Annual Retail Trade Survey (ARTS)
inventory book value data for 2002-2006; new ARTS data for
2007; revised Census Bureau monthly inventory data for 2008.
For 2002, new BEA benchmark input-output accounts commodity
weights; revised BEA unit labor cost indexes for manufacturing.
Revised Census Bureau AWTS and ARTS information on
accounting methods used for inventory reporting for 2006; new
AWTS and ARTS information for 2007.
Revised BEA international transactions accounts estimates for
1992-2008.
New Department of Defense contract awards data for 2008.
New allocations of Department of Defense financial data.
Revised allocations of FY 2008 federal budget data for 2007 and
2008; revised FY 2009 federal budget data for 2008.
Data on employee enrollment in and average contributions to
“cafeteria plans” from Agency for Health Care Research and
Quality Medical Expenditure Panel Survey (MEPS); data for
employee contributions to flexible-spending accounts from trade
sources. Revised BLS Quarterly Census of Employment and
Wages (QCEW) state and local government data for 2006 and
2007; new QCEW data for 2008.
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau government finances FY 2005 and FY 2006
tabulations for 2004-2006; new government finances FY 2007
tabulations for 2006 and 2007.
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau government finances FY 2005 and FY 2006
tabulations for 2004-2006; new government finances FY 2007
tabulations for 2006 and 2007.
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau government finances FY 2005 and FY 2006
tabulations for 2004-2006; new government finances FY 2007
tabulations for 2006 and 2007.
For 2002, BEA benchmark input-output accounts. Revised
Census Bureau government finances FY 2005 and FY 2006
tabulations for 2004-2006; new government finances FY 2007
tabulations for 2006 and 2007; revised Census Bureau
construction spending (value put in place) data for 2007 and
2008.
See entries under “National income” and additional source below.
August 2009
13
S u r v e y o f C u r r e n t B u s in e s s
Table B. NIPA Revisions: Selected Components Detail and Major Source Data and Conceptual Changes Incorporated, 2002-2008—Continues
Billions of dollars
NIPA component
Line
Revised level
Revision in level
Major source data and conceptual changes incorporated1
2002
2005
2008
103
104
105
106
107
108
Compensation of employees, paid..................
Wage and salary accruals...........................
Disbursements........................................
To persons..........................................
To the rest of the world........................
Wage accruals less disbursements......
6,116.4
5,002.9
5,002.9
4,994.5
8.4
0.0
7,071.5
5,712.4
5,707.4
5,698.1
9.3
5.0
8,044.8
6,548.2
6,553.2
6,542.8
10.4
-5.0
19.8
16.6
16.6
16.5
0.0
0.0
57.2
26.9
26.9
26.9
0.0
0.0
37.1
31.1
31.1
31.2
0.0
0.0
34.3
29.3
29.3
29.3
0.0
0.0
43.2
41.7
41.6
41.6
0.0
0.0
44.2
46.9
47.0
46.9
0.1
0.0
-15.2
-7.1
-2.1
-2.2
0.1
-5.0
109
110
111
112
113
114
115
116
117
Supplements to wages and salaries............
Taxes on production and imports.....................
Less: Subsidies...............................................
Net operating surplus......................................
Private enterprises......................................
Current surplus of government enterprises
Consumption of fixed capital............................
Private........................................................
Domestic business.................................
1,113.5
762.8
41.4
2,521.6
2,515.3
6.3
1,305.0
1,094.0
908.5
1,359.1
930.2
60.9
3,236.0
3,239.4
-3.5
1,541.4
1,290.8
1,045.7
1,496.6
1,047.3
53.5
3,454.8
3,461.7
-6.9
1,847.1
1,536.2
1,252.3
3.2
0.0
3.0
144.0
138.5
5.4
13.0
13.7
14.9
30.3
—
0.4
1.2
140.3
135.1
5.3
17.6
17.6
18.8
5.8
-0.4
1.8
177.4
171.9
5.4
-3.3
-5.1
8.5
5.0
2.0
1.6
261.1
251.1
9.9
-70.6
-68.9
-16.6
1.6
10.6
1.7
189.1
184.8
4.4
36.8
35.4
37.8
-2.8
13.2
2.5
108.9
107.6
1.3
39.5
38.5
41.5
-8.2
13.5
2.8
203.7
202.5
1.2
14.8
13.1
27.3
1,110.9
965.6
1,340.2
1.6
1.7
-9.4
-22.2
21.6
34.2
34.6
2002
2003
2004
2005
2006
2007
2008
118
Capital consumption allowances......
119
120
Less: CCAdj.......................................
Households and institutions....................
202.4
185.5
-80.1
245.1
87.8
283.9
-13.3
-1.3
-17.1
-1.2
-17.9
-13.6
-5.6
-52.3
-16.2
-2.4
-7.3
-3.0
7.3
-14.2
Government................................................
121
122 Plus: Income receipts from the rest of the world
210.9
313.5
250.6
573.0
310.9
809.2
-0.7
7.8
-0.1
16.5
1.7
11.1
-1.7
-0.5
1.3
-4.3
1.0
0.1
1.7
10.9
123 Less: Income payments to the rest of the world
264.4
475.9
667.3
-10.6
4.6
-3.9
-4.6
1.5
-13.3
2.2
124
Gross national income........................ 10,713.5 12,815.2 14,482.3
125 Less: Consumption of fixed capital......................
1,305.0 1,541.4 1,847.1
126
National income...................................
9,408.5 11,273.8 12,635.2
127 Compensation of employees...........................
6,110.8 7,065.0 8,037.4
128
Wage and salary accruals...............................
4,997.3 5,706.0 6,540.8
129
Government................................................
873.1
991.5 1,141.3
192.3
13.0
179.2
19.6
16.4
7.2
225.4
17.6
207.9
57.2
26.9
8.9
223.9
-3.3
227.2
37.0
31.2
9.7
229.2
-70.6
299.8
34.2
29.3
10.8
272.2
36.8
235.5
43.2
41.6
12.2
216.8
39.5
177.3
44.2
46.9
13.9
222.6
14.8
207.8
-15.4
-7.2
11.8
29.5
33.0
-18.9
E
quals:
E
quals:
130
Other...........................................................
4,124.2
4,714.5
5,399.6
9.2
18.0
21.5
18.6
131
132
Supplements to wages and salaries................
Employer contributions for employee
pension and insurance funds...................
1,113.5
1,359.1
1,496.6
3.2
30.3
5.8
5.0
1.6
-2.8
931.6
1,023.9
2.3
30.0
6.1
5.6
3.3
1.1
-3.0
Employer contributions for government
social insurance.......................................
134 Proprietors’ income with IVA and CCAdj.........
Farm...........................................................
135
136
Proprietors’ income with IVA....................
137
CCAdj...........
Nonfarm............
138
Proprietors’ income.................................
139
366.1
890.3
18.5
22.8
-4.4
871.8
763.6
427.5
1,069.8
43.9
49.4
-5.5
1,025.9
936.3
472.7
1,106.3
48.7
55.6
-6.8
1,057.5
888.0
0.9
121.9
7.9
7.0
0.8
114.0
117.3
0.3
119.3
7.3
6.5
0.9
112.0
116.9
-0.2
122.2
12.4
11.3
0.9
109.8
111.7
-0.6
110.0
9.8
8.7
1.1
100.2
96.6
-1.8
118.3
13.1
12.1
1.2
105.0
111.8
-3.9
40.2
-4.6
-5.7
1.1
44.7
56.9
-5.2
33.9
14.1
13.0
1.3
19.6
22.4
CCAdj.....................................................
108.6
93.6
174.6
-3.6
-5.1
-3.3
2.7
-6.9
-12.7
-3.3
141 Rental income of persons with CCAdj.............
142
Rental income of persons................................
218.7
230.0
178.2
193.0
210.4
226.2
65.8
65.6
71.2
71.1
80.0
77.7
137.3
128.2
102.2
102.1
104.9
104.7
146.0
144.3
Revised BEA fixed investment and price estimates. Revisions for
2004,2005, and 2008 also reflect the new treatment of disasters.
Revised IRS tabulations of corporate tax return data for 2006;
new IRS tabulations of corporate and sole proprietorship and
partnership tax return data for 2007; revised BEA fixed investment
and price estimates. Revisions for 2004,2005, and 2008 also
reflect the new treatment of disasters.
Revised BEA fixed investment and price estimates. Revisions for
2004,2005, and 2008 also reflect the new treatment of disasters.
Revised BEA international transactions accounts estimates for
1992-2008.
Revised BEA international transactions accounts estimates for
1992-2008.
Data on employee enrollment in and average contributions to
“cafeteria plans” from Agency for Health Care Research and
Quality Medical Expenditure Panel Survey (MEPS); data for
employee contributions to flexible-spending accounts from trade
sources. Revised BLS Quarterly Census of Employment and
Wages (QCEW) state and local government data for 2006 and
2007; new QCEW data for 2008.
Data on employee enrollment in and average contributions to
“cafeteria plans” from MEPS; data for employee contributions to
flexible-spending accounts from trade sources. New IRS National
Research Program underreported income data for 2001; new
Census Bureau nonfiler income data for 2005-2007; Revised
QCEW data for 2006-2008; state governments and trade source
data on bonus payments of financial industries for 2007 and 2008.
-8.2
747.4
State governments and trade source data on bonus payments of
financial industries for 2008.
Department of Labor (DOL) pension data for 2003; new DOL data
for 2006; new Pension Benefit Guaranty Corporation data for
2007; new corporate financial data for 2008; new MEPS data for
2008.
133
140
S eth fo tn te a da b v tio sa th e do th ta le
e e o o s n b re ia n t e n f e b .
Revised USDA data for 2000-2007; new USDA data for 2008.
New IRS National Research Program underreported income data
for 2001; new Census Bureau nonfiler income data for 20052007; new IRS tabulations of sole proprietorship and partnership
tax return data for 2007. Revisions for 2004,2005, and 2008 also
reflect the new treatment of disasters.
Capital consumption allowances: New IRS tabulations for 2007.
Consumption of fixed capital: Revised BEA fixed investment and
price estimates. Revisions for 2004,2005, and 2008 also reflect
the new treatment of disasters.
New Census Bureau 2001 Residential Finance Survey data; new
BLS Consumer Expenditure Survey data for 2002-2007; revised
FRB flow of funds accounts residential mortgage loans liabilities
data; new Census Bureau American Housing Survey data for
2005 and 2007; new Freddie Mac mortgage originations data for
2007. Revisions for 2004,2005, and 2008 also reflect the new
treatment of disasters.
Results of the 2009 Comprehensive NIPA Revision
August 2009
Components Detail and Major Source Data and Conceptual Changes Incorporated, 2002-2008—Continues
B n o d lla
illio s f o rs
Line
Revised level
2002
Revision in level
2005
2008
2002
2003
2004
2005
Major source data and conceptual changes incorporated'
2006
2007
2008
143
144
145
-11.3
872.2
765.3
-14.8
1,456.1
1,640.2
-15.8
1,360.4
1,462.7
0.1
-14.1
-3.1
0.1
-15.3
-4.6
2.3
15.7
24.7
9.1
8.2
19.6
0.2
-60.2
-51.0
0.2
-100.7
-111.9
1.7
-116.1
-134.6
146
147
148
149
607.5
265.2
342.3
157.9
1,400.7
443.6
957.1
239.4
1,085.5
278.9
806.7
377.2
-5.1
-11.2
6.0
2.1
-4.9
-5.5
0.5
0.3
13.1
13.4
-0.3
11.6
19.6
18.3
1.2
0.0
-40.3
-30.8
-9.5
-10.7
-115.0
-82.1
-32.8
3.1
-125.2
-30.0
-95.1
-9.4
150
151
152
153
154
155
156
157
158
159
160
161
192.3
573.0
415.1
157.9
399.3
351.2
48.1
173.8
63.9
109.8
-2.6
109.4
412.4
1,227.8
988.3
239.4
557.3
296.5
260.9
670.5
691.9
-21.4
-30.7
-153.4
292.2
1,170.6
793.4
377.2
689.9
543.3
146.6
480.7
250.1
230.6
-38.2
-64.1
-0.3
-2.8
-4.9
2.1
0.1
-0.1
0.2
-2.8
-4.8
1.8
-0.4
-10.7
0.5
-5.1
-5.3
0.3
0.2
0.0
0.1
-5.3
-5.4
0.2
2.3
-13.1
-1.3
26.0
14.4
11.6
10.8
-3.7
14.5
15.2
18.1
-2.9
8.8
-17.9
-1.3
20.9
20.9
0.0
-20.1
-20.0
0.0
41.0
41.0
0.0
7.1
-18.6
4.4
-55.3
-44.7
-10.7
2.7
-1.9
4.6
-58.0
-42.8
-15.3
1.5
-10.7
1.1
-113.1
-116.1
3.1
-20.9
-29.5
8.6
-92.2
-86.7
-5.5
7.2
4.0
-74.4
-60.0
-50.7
-9.4
-142.2
-120.6
-21.6
82.1
69.9
12.2
10.8
7.6
162
163
164
506.4
494.9
2,282.6
543.0
526.2
3,010.1
815.1
794.2
3,731.2
-14.5
-14.6
3.2
-20.6
-20.3
16.6
-29.6
-29.6
-2.9
-26.1
-25.8
-3.7
21.0
22.2
51.8
74.8
77.0
235.8
132.4
134.2
165
1,273.6
1,757.5
2,199.5
-19.5
-19.9
-21.3
-21.9
32.8
211.0
166
167
168
614.3
439.2
182.2
952.9
480.5
277.7
1,252.8
605.9
279.4
-0.2
0.0
-0.5
0.3
-0.2
-0.5
0.2
-0.2
-1.2
0.2
-0.2
0.4
62.6
-3.4
-0.9
156.3
27.8
54.5
169
170
171
172
37.9
365.7
206.1
102.4
46.4
469.9
232.8
183.9
61.4
599.2
257.1
258.9
-18.9
14.9
-2.8
10.5
-19.5
17.0
2.2
17.3
-20.1
17.4
1.1
-0.3
-22.3
20.1
-2.1
0.0
-25.5
23.7
-3.7
0.6
-27.6
25.6
-8.0
4.6
173
2,282.6
3,010.1
3,731.2
3.2
16.6
-2.9
-3.7
51.8
235.8
174
1,428.3
1,994.7
2,319.1
1.0
0.9
0.9
1.0
9.5
162.2
175
176
177
1,157.5
218.9
1,625.4
264.3
1,862.8
301.9
1.1
0.0
1.0
-0.1
1.0
0.0
1.0
-0.1
9.3
0.3
126.1
-22.0
51.9
570.3
80.7
203.2
320.8
104.9
611.4
87.4
316.6
275.8
154.4
820.8
111.4
480.0
437.2
0.0
4.9
2.3
-5.1
-53.8
0.0
4.7
2.1
8.9
-51.6
0.0
-6.3
1.8
0.5
-52.0
0.0
-7.5
2.8
0.0
-50.5
0.0
31.5
10.8
0.0
-53.2
58.0
58.4
16.3
-1.0
-20.4
418.9
435.5
586.2
-31.6
-31.1
-31.8
-30.4
-32.9
-6.1
184
213.4
172.5
206.8
196.2
290.3
265.4
-21.1
-10.5
-20.3
-11.8
-20.7
-12.1
-20.0
-12.3
-22.4
-11.6
-14.1
7.4
178
179
180
181
182
Revised IRS tabulations of corporate tax return data for 2006;
new IRS tabulations for 2007; revised regulatory agency and
public financial reports for 2008. Revisions for 2004,2005, and
2008 also reflect the new treatment of disasters.
Revised BEA international transactions accounts estimates for
1992-2008.
Capital consumption allowances: Revised IRS tabulations of
corporate tax return data for 2006; new tabulations for 2007.
Consumption of fixed capital: Revised BEA fixed investment and
price estimates. Revisions for 2004,2005, and 2008 also reflect
the new treatment of disasters.
Revised IRS tabulations of corporate tax return data for 2006;
new IRS tabulations for 2007; new IRS tabulations of sole
proprietorship and partnership tax return data for 2007.
New Census Bureau 2001 Residential Finance Survey data.
Revised FRB data on consumer credit outstanding data.
Revised BEA international transactions accounts estimates for
1992-2008.
Revised IRS tabulations of corporate tax return data for 2006;
new IRS tabulations for 2007; new IRS tabulations of sole
proprietorship and partnership tax return data for 2007.
Revised FRB Call Report data on commercial banks for 20062008; new trade source data on property insurance companies for
2007; new trade source data on other financial intermediaries for
2008.
183
185
320.8
275.8
437.2
-53.8
-51.6
-52.0
-50.5
-53.2
-20.4
186
424.5
439.9
591.5
-33.8
-31.6
-31.8
-30.4
-32.9
-5.6
187
340.2
374.3
486.2
-29.2
-29.2
-28.7
-27.7
-29.6
-6.4
155.7
166.0
210.0
-18.3
-17.1
-16.2
-15.2
-17.8
-13.4
Revised trade source data on investment income of life insurance
carriers for 2001-2006; new trade source data for 2007.
188
Revised FRB flow of funds asset data for 2006 and 2007; new
FRB data for 2008.
A ugust 2 0 0 9
Su r v e y
of
C u r r e n t B usin ess
15
Table B. NIPA Revisions: Selected Components Detail and Major Source Data and Conceptual Changes Incorporated, 2002-2008— Table Ends
Billions of dollars
NIPA component
Line
2002
2005
Major source data and conceptual changes incorporated1
Revision in level
Revised level
2008
2002
2003
2004
2005
2006
2007
2008
172 5
6.3
11.4
762.8
86.8
676.0
196 2
5.4
16.8
930.2
98.8
831.4
265 4
9.9
21.0
1,047.3
92.0
955.3
-10.5
-3.4
-0.1
0.0
-0.5
0.5
-11 8
-4.0
-0.2
-0.4
-0.4
0.0
-12.1
-4.6
0.0
-0.4
-0.3
-0.1
-12.3
-4.6
-0.3
2.0
-0.4
2.4
-11.6
-4.7
-1.0
10.6
1.4
9.2
7.4
-4.6
-2.3
13.2
-3.0
16.2
-1.7
13.5
-4.2
17.7
Subsidies................................................
195
Federal............................................................
196
197
State and local................................................
198 Business current transfer payments (net)......
To persons (net)..............................................
199
41.4
40.5
0.9
82.4
34.2
60.9
60.5
0.4
95.9
25.8
53.5
50.6
3.0
118.8
32.6
3.0
3.0
0.0
-1.9
-3.1
1.2
1.2
0.0
-7.7
-8.6
1.8
1.8
0.0
-1.3
-9.5
1.6
1.6
0.0
25.9
-13.0
1.7
1.6
0.0
-2.4
-3.5
2.5
2.4
0.0
2.0
-1.7
2.8
2.9
0.0
15.2
-2.1
200
To government (net)........................................
47.9
55.2
78.8
1.3
0.9
4.4
23.4
1.7
4.0
15.5
?01
To the rest of the world (net)............................
0.2
14.8
7.3
-0.1
0.0
3.7
15.4
-0.5
-0.3
1.8
-3.5
6.3
-6.9
202 Current surplus of government enterprises....
0.2
Federal............................................................
-3.5
-3.8
203
6.1
0.1
-3.2
204
State and local................................................
Addenda:
Gross national product.................................... 10,691.4 12,735.5 14,583.3
205
1,560.9 1,903.4 1,824.1
206 Gross saving......................................................
?07 Personal income...............................................
9,060.1 10,485.9 12,238.8
5.4
1.8
3.6
5.3
1.4
3.9
5.4
1.5
4.0
9.9
1.5
8.4
4.4
0.7
3.7
1.3
-0.5
1.8
1.2
-3.3
4.4
191.2
71.8
178.2
193.2
93.8
214.5
196.9
106.1
210.0
220.6
59.2
216.1
214.7
135.9
274.2
283.3
84.2
230.9
185.5
126.4
138.2
From life insurance carriers
189
190
Miscellaneous payments.................................
191
192 Taxes on production and imports....................
Federal............................................................
193
State and local................................................
194
Less:
208
209
210
211
212
213
214
215
P16
Compensation of employees, received............
Proprietors’ income with IVA and CCAdj.........
Rental income of persons with CCAdj.............
Personal income receipts on assets................
Personal interest income.............................
Personal dividend income...........................
Personal current transfer receipts....................
Government social benefits.........................
Federal...................................................
6,110.8
890.3
218.7
1,309.6
911.9
397.7
1,282.1
1,247.9
914.9
7,060.0
1,069.8
178.2
1,542.0
987.0
555.0
1,508.6
1,482.7
1,078.0
8,042.4
1,106.3
210.4
1,994.4
1,308.0
686.4
1,875.9
1,843.2
1,388.2
19.6
121.9
65.8
-23.6
-24.2
0.5
-4.1
-1.0
-2.0
57.2
119.3
71.2
-23.7
-24.3
0.5
-9.3
-0.7
-1.1
37.0
122.2
80.0
-23.6
-34.9
11.3
-7.0
2.5
2.0
34.2
110.0
137.3
-54.9
-35.0
-19.9
-12.1
0.8
-0.5
43.1
118.3
102.2
4.9
2.1
2.8
2.0
5.5
3.6
44.1
40.2
104.9
31.4
52.1
-20.7
4.7
6.4
3.6
-10.4
33.9
146.0
-43.3
99.5
-142.7
6.8
8.8
9.6
217
218
State and local........................................
Other current transfer receipts, from
business (net).........................................
Less: Contributions for government social
insurance, domestic....................................
Federal...................................................
State and local........................................
Less: Personal current taxes..............................
333.0
404.8
455.0
1.0
0.4
0.5
1.3
1.9
2.9
Revised Census Bureau government finances FY 2005, FY 2006,
and FY 2007 tabulations for 2004-2007; new government
finances FY 2008 tabulations for 2007 and 2008.
Revisions for 2004,2005, and 2008 primarily reflect the new
treatment of disasters.
Revisions reflect the new treatment of government enterprise
insurance. Revisions for 2004,2005, and 2008 also reflect the
new treatment of disasters.
Revisions for 2004,2005, and 2008 primarily reflect the new
treatment of disasters.
Revision for 2005 primarily reflects the new treatment of disasters.
See entries under “National income” and additional sources
below.
-0.8
219
220
221
222
223
224
State and local................................................
225 Equals: Disposable personal income..................
226 Less: Personal outlays........................................
Personal consumption expenditures................
227
228
Personal interest payments.............................
Personal current transfer payments.................
229
230
To government............................................
231
232 Equals: Personal saving.....................................
34.2
25.8
32.6
-3.1
-8.6
-9.5
-13.0
-3.5
-1.7
872.7
848.0
24.8
1,208.6
931.9
990.6
969.5
21.1
1,432.4
1,102.5
1.5
1.2
0.1
-1.4
-1.9
0.3
0.0
0.3
-0.8
-0.3
-1.5
-2.0
0.5
1.5
1.8
-1.6
-2.0
0.6
0.8
1.2
-3.7
-2.3
-1.3
-0.8
0.0
-5.8
-2.8
-3.0
-1.9
0.8
-5.1
-2.5
-2.6
-24.9
-21.5
221.8
8,009.7
7,727.5
7,439.2
191.3
97.0
56.4
40.6
282.2
276.7
330.0
9,277.3 10,806.4
9,149.6 10,520.0
8,819.0 10,129.9
210.8
237.7
119.8
152.3
71.4
87.9
48.4
64.5
127.7
286.4
0.5
179.6
82.2
88.5
-5.1
-1.2
-1.8
0.6
97.5
-0.4
215.3
100.3
100.4
0.2
-0.2
-1.1
1.0
114.9
-0.4
208.5
86.5
89.2
-1.0
-1.8
-2.2
0.5
122.0
-0.4
215.3
120.1
124.9
-4.2
-0.6
-1.1
0.5
95.2
-0.8
275.0
110.7
115.5
-5.3
0.6
0.2
0.5
164.3
-2.6
232.6
111.2
116.2
-8.6
3.5
1.1
2.4
121.5
-3.4
163.1
69.3
72.0
-10.5
7.8
3.5
4.4
93.7
1. In these descriptions, “new” indicates this is the first time that data from the specific source are being incor
porated 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. Revisions to this subcomponent of personal consumption expenditures (PCE) are not shown because the
composition of this component has changed as part of the new classification system that was adopted for PCE.
3. This series has been redefined as part of the new PCE classification system; the redefinition accounts for
part of the 2002 revision.
4. 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.
5. Net interest is the sum of monetary interest paid by domestic business and by the rest of the world and
Revised Centers for Medicare and Medicaid Services (CMS) data
for 2006 and 2007; new CMS data for 2008.
-2.1
751.5
735.5
15.9
1,050.4
828.6
Expanded sample of public financial reports for 2008.
Treasury Department personal income tax collections data for
2008; preliminary Social Security Administration data for 2008.
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.
BEA
Bureau of Economic Analysis
BLS
Bureau of Labor Statistics
Capital consumption adjustment
CCAdj
EIA
Energy Information Administration
FRB
Federal Reserve Board
FY
Fiscal year
IRS
Internal Revenue Service
IVA
Inventory valuation adjustment
USDA
U.S. Department of Agriculture
16
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 1. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period
Seasonally adjusted at annual rates
1998
1999
2000
2002
2001
2003
2004
2005
2007
2006
2008
2004
I
Gross domestic product (GDP).......................
4.4
4.8
4.1
1.1
5.2
6.8
12.2
3.8
4.4
5.5
8.0
13.0
5.1
4.1
5.1
5.3
8.8
3.2
5.0
...
10.0
10.9
12.0
5.1
14.5
7.7
8.8
9.3
10.4
0.1
14.1
6.3
Net exDorts of aoods and services..................................................
Exports..........................................................................
Goods........................................................................
Services.................................................................... ......................
Imports.......................................................................... ......................
Goods........................................................................ ......................
Services....................................................................
2.3
2.2
2.4
11.7
11.8
10.9
Government consumption expenditures and gross inve
Federal..........................................................................
National defense........................................................
Nondefense...............................................................
State and local...............................................................
Personal consumption expenditures..............................
Goods............................................................................
Durable goods
Nondurable goods
Services.........................................................................
Gross private domestic investment...............................
Fixed investment............................................................
Nonresidential.................
Structures....................
Equipment and software........................................
Residential.......................
Chanae in Drivate inventories........................................
Addenda:
Final sales of domestic product......................................
Gross domestic purchases............................................
Final sales to domestic purchasers................................
Gross national product (GNP)........................................
Disposable personal income..........................................
Current-dollar measures:
GDP...........................................................................
Final sales of domestic product.................................
Gross domestic purchases........................................
Final sales to domestic purchasers............................
GNP...........................................................................
Disposable personal income.....................................
II
2005
III
IV
I
II
......................
......................
......................
...
......................
.......__.........
...
......................
......................
.....................
.....................
......................
2.5
3.6
3.1
2.7
2.1
0.4
2.8
2.9
3.0
3.5
4.1
1.7
2.7
3.1
5.4
1.8
2.5
1.8
2.7
4.1
7.6
2.0
1.9
2.8
4.6
6.0
3.7
1.9
3.5
4.4
6.6
3.2
2.9
3.4
4.0
5.2
3.4
3.0
2.9
3.3
4.1
2.8
2.7
2.6
3.1
4.3
2.5
2.4
-0.2
-2.1
-4.5
-0.8
0.7
3.9
4.1
4.5
3.8
3.8
2.2
1.7
2.8
1.1
2.4
3.5
4.8
8.1
3.0
2.8
4.7
5.1
6.7
4.2
4.5
3.0
3.9
2.7
4.7
2.5
3.9
5.7
11.7
2.5
2.9
6.8
7.4
9.8
7.8
10.5
1.0
-7.0
-1.9
-2.8
-1.5
-3.2
0.6
-1.4
-4.2
-7.9
-17.7
-4.2
5.2
3.6
3.2
0.9
-3.8
2.5
8.2
10.0
7.3
6.0
1.1
7.7
9.8
5.5
6.5
6.7
1.4
8.5
6.2
2.7
2.3
7.9
9.2
7.4
-7.3
-3.8
-2.1
6.2
14.9
2.6
-18.5
-7.3
-5.1
1.6
10.3
-2.6
-22.9
2.1
-0.8
-3.1
-2.3
-3.4
3.6
18.5
12.9
11.2
4.7
13.5
15.9
5.3
8.8
11.4
4.1
14.0
4.1
8.5
7.0
9.1
0.4
12.2
3.2
8.8
5.0
3.7
7.4
2.4
7.5
-7.0
7.3
6.0
-1.5
8.7
9.6
4.4
3.8
5.7
11.5
12.5
6.8
8.6
11.1
2.7
13.0
13.4
11.0
-5.6
-6.2
^ .1
-2.8
-3.2
-0.8
-2.0
-3.6
1.9
3.4
3.7
1.8
1.6
1.8
1.2
4.4
4.9
1.9
9.5
8.5
11.9
11.0
11.0
11.2
6.7
7.5
5.0
6.1
6.8
2.8
9.0
9.4
7.9
6.1
5.9
7.1
8.7
7.4
11.8
2.0
1.7
3.5
5.4
5.9
4.2
-3.2
-3.9
0.7
9.8
6.6
17.3
10.6
9.9
14.2
6.4
6.8
5.4
17.0
18.6
9.4
3.0
5.1
-1.7
5.9
6.7
2.4
9.4
6.4
16.5
10.5
10.8
9.4
7.6
8.4
5.9
2.3
3.5
-3.7
8.8
13.8
-1.7
4.5
4.8
2.6
2.1
-1.1
-2.1
0.8
3.9
......................
3.6
1.9
1.9
2.1
4.5
2.0
0.5
-0.5
2.4
2.8
3.8
4.1
3.8
4.6
3.7
4.7
7.3
7.4
7.2
3.3
2.2
6.6
8.7
2.8
-0.1
1.4
4.1
5.7
1.0
-0.2
0.3
1.3
1.5
0.9
-0.2
1.4
2.1
1.6
3.2
0.9
1.7
1.3
2.2
-0.6
2.0
3.1
7.7
7.8
7.3
0.5
1.9
5.2
6.1
3.5
0.1
1.5
2.3
2.1
2.6
1.0
1.5
7.1
12.1
-2.3
-1.7
-2.4
-4.8
-9.6
5.6
-1.0
0.4
1.7
3.6
-2.1
-0.4
0.4
0.4
3.1
-5.0
0.5
4.4
5.5
5.6
4.3
6.0
4.9
5.7
5.8
4.9
3.0
4.2
4.8
4.9
4.2
5.1
2.0
1.2
2.1
1.2
2.4
1.3
2.4
1.9
1.8
3.3
2.4
2.8
2.8
2.6
2.5
3.2
4.0
3.6
3.7
3.4
3.2
3.2
3.3
3.1
1.3
2.6
2.6
2.5
2.4
4.0
2.5
1.4
1.7
2.4
2.2
0.8
-0.7
-0.4
0.6
0.5
2.4
3.2
2.8
3.5
1.8
2.0
4.4
3.6
2.0
4.0
3.5
3.4
3.9
3.3
2.7
3.2
4.0
3.7
2.6
5.7
3.4
3.5
2.9
5.2
-4.8
4.2
1.5
3.8
1.3
2.8
5.5
5.7
6.2
6.3
5.4
7.0
6.4
6.4
7.4
7.5
6.5
4.7
6.4
6.5
7.5
7.6
6.5
7.7
3.4
4.3
3.1
4.1
3.5
4.4
3.5
3.0
3.9
3.4
3.4
4.7
4.7
4.7
5.2
5.2
4.9
4.6
6.5
6.1
7.2
6.8
6.7
6.1
6.5
6.7
7.0
7.2
6.5
4.4
6.0
6.0
6.0
6.0
5.8
6.9
5.1
5.4
4.4
4.7
5.4
4.9
2.6
3.0
2.4
2.8
2.7
3.9
6.5
5.9
7.5
7.0
7.1
5.2
6.4
5.5
8.2
7.4
5.5
7.1
6.0
6.6
6.7
7.2
6.3
5.3
6.7
6.3
8.0
7.7
5.7
9.2
8.0
7.3
7.2
6.6
9.1
-2.5
4.5
7.1
4.7
7.1
4.1
5.4
Seasonally adjusted at annual rates
2005
III
2006
IV
I
II
2007
IV
III
I
II
2008
III
IV
I
III
IV
I
Gross domestic product (GDP)........
3.1
2.1
5.4
1.4
0.1
3.0
1.2
3.2
3.6
2.1
-0.7
1.5
-2.7
-5.4
-6.4
-1.0
Personal consumption expenditures...............
Goods.............................................................
Durable goods............................................
Nondurable goods......................................
Services..........................................................
2.9
3.1
4.8
2.1
2.8
1.0
-1.1
-9.7
3.9
2.2
4.5
7.5
17.0
2.6
2.9
2.2
0.7
-1.0
1.6
3.0
2.5
3.3
4.5
2.6
2.1
4.1
5.9
5.6
6.1
3.1
3.7
3.9
5.5
3.1
3.6
-0.6
-1.9
7.3
22.4
2.1
-16.9
-5.5
-5.0
4.4
10.3
2.2
-21.2
-10.9
-5.3
2.3
1.5
2.8
-19.7
-6.0
-2.6
4.2
15.6
-0.5
-16.2
-10.4
-2.7
1.4
14.5
-5.0
-15.8
-6.9
-8.3
-6.1
-0.1
-9.4
-15.9
-3.1
-10.0
-20.3
-4.9
0.5
-24.2
-20.2
-19.5
-7.2
-25.9
-23.2
-1.2
-4.0
-7.1
-2.5
0.1
6.0
9.5
18.0
18.9
17.8
-4.2
-0.6
-5.1
-8.9
-3.0
1.8
-7.4
-6.3
1.9
6.8
-0.5
-28.2
0.6
2.5
3.9
1.9
-0.3
15.1
1.5
2.2
2.5
2.3
0.1
1.2
3.0
5.5
1.8
0.3
-7.7
-4.2
6.7
11.2
4.5
-29.5
-3.5
-7.7
-11.7
-5.6
-1.3
4.5
5.2
5.8
-8.1
11.2
4.2
1.9
3.1
5.2
2.1
1.3
0.8
-0.4
9.6
26.6
2.2
-22.4
0.1
-0.5
-5.7
2.2
0.4
Gross private domestic investment.................
Fixed investment.............................................
Nonresidential............................................
Structures...............................................
Equipment and software..........................
Residential.
Change in private inventories..........................
1.1
0.2
2.1
-0.8
1.6
5.7
3.6
11.4
22.7
6.5
-12.9
-50.5
-39.0
-39.2
-43.6
-36.4
-38.2
-20.4
-13.5
-8.9
-8.9
-9.0
-29.3
Net exports of goods and services..................
..............................
Exports.........
................
Goods.........................................................
Services..................................................... ............
..........................
Imports...........................................................
____ ___ _____
Goods.........................................................
Services
...
0.1
-1.1
2.9
2.5
2.7
1.2
10.5
11.8
7.4
11.7
12.1
9.5
16.5
17.8
13.6
7.8
6.3
16.1
6.9
7.4
5.6
4.5
5.0
1.8
0.6
0.2
1.5
4.9
5.5
1.3
17.8
13.1
29.1
-0.5
-2.3
10.0
3.5
3.0
4.7
4.3
5.0
0.4
5.2
6.3
2.8
-0.5
-1.0
2.1
18.5
14.8
27.2
3.7
2.8
8.6
14.5
12.4
19.2
-3.6
-3.8
-2.9
-0.1
4.2
-9.0
-2.5
-3.5
3.0
12.1
14.1
7.8
-5.0
-4.6
-7.1
-3.6
-1.8
-7.7
-2.2
-3.7
6.1
-19.5
-25.5
-4.3
-16.7
-19.6
-0.9
-29.9
-36.9
-13.6
-36.4
—
41.0
-11.5
-7.0
-9.3
-2.3
-15.1
-15.9
-11.5
Government consumption expenditures and gross investment....
.......
Federal...........................................................
National defense.........................................
Nondefense................................................
State and local................................................
3.7
9.7
11.1
6.8
0.3
-1.8
-6.5
-14.3
11.7
1.1
4.1
11.9
10.5
14.7
-0.3
0.3
-3.4
1.1
-11.6
2.6
0.6
-0.4
-1.9
2.9
1.2
1.1
1.1
8.5
-12.7
1.1
0.0
-5.1
-7.6
0.3
3.1
4.4
7.4
8.6
5.0
2.7
3.9
9.3
10.0
7.9
0.9
1.6
2.7
0.5
7.6
1.0
2.6
8.1
8.2
8.1
-0.5
3.6
7.8
7.0
9.6
1.2
4.8
13.2
19.8
0.1
0.1
1.2
6.5
3.8
12.7
-2.0
-2.6
-4.3
-5.1
-2.5
-1.5
5.6
10.9
13.3
6.0
2.4
Addenda:
Final sales of domestic product.......................
Gross domestic purchases...
Final sales to domestic purchasers.................
Gross national product (GNP).........................
Disposable personal income...........................
3.2
3.3
3.4
3.4
2.4
-0.1
2.7
0.6
1.1
2.2
5.9
4.7
5.2
5.4
7.7
1.2
1.4
1.2
1.3
3.6
0.2
0.8
0.9
-0.3
1.9
4.1
1.0
2.0
3.2
5.3
1.8
1.4
2.0
0.9
1.7
2.9
2.4
2.1
3.6
0.5
3.4
2.1
1.9
5.4
1.7
2.8
-0.2
0.4
3.4
0.1
-0.5
-1.1
-0.9
-1.1
-2.4
2.7
-0.9
0.3
0.2
9.8
-2.9
-2.5
-2.7
-1.8
-8.5
-4.7
-5.5
-4.9
-6.7
3.4
^1.1
-8.6
-6.4
-6.6
1.1
-0.2
-2.3
-1.5
Current-dollar measures:
GDP............................................................
Final sales of domestic product...................
Gross domestic purchases
Final sales to domestic purchasers.............
GNP................................
Disposable personal income.......................
7.4
7.6
8.4
8.6
7.7
7.1
5.6
3.3
7.0
4.8
4.6
5.8
8.6
9.2
7.6
8.2
8.6
9.5
5.1
4.9
5.0
4.8
4.9
6.7
3.2
3.3
3.7
3.8
2.8
4.9
4.8
6.0
1.9
3.0
5.1
5.3
5.5
6.1
5.7
6.3
5.3
5.5
6.0
5.7
5.5
5.2
6.3
3.7
5.3
5.1
4.3
4.1
7.1
4.1
4.5
5.2
4.4
5.0
58
5.2
1.0
1.5
2.1
2.6
06
1.2
3.5
4.7
3.2
4.3
23
14.1
1.4
1.0
1.8
1.5
22
-4.2
-5.4
-5.2
-9.2
-9.0
-6 7
-1.8
-4.6
-2.4
-9.8
-7.7
-4 8
-0.4
-0.8
0.0
-1.6
-0.8
S e“ x la a ryN te a th e do th ta le .
e E p n to o ” t e n f e b s
II
2009
II
3.2
4.6
August 2009
Su r v e y
of
17
C u r r e n t B u sin ess
Table 1A. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Continues
Seasonally adjusted at annual rates
verage annual rate
)29- 1959- 1997008 1997 2008
1998
1999
2000
2001
2.9
3.0
2.6
2.8
-0.2
0.2
3.9
4.4
2.2
2.4
3.5
3.5
4.7
4.2
3.0
1.7
3.9
3.6
5.5
5.8
6.5
6.8
6.7
7.2
1.4
1.3
8.5
9.3
6.2
6.3
2.7 -3.8
-7.3
2.1
-5.4
-6.7
2.3 -2.1
-5.1
1.9 -3.1
-5.0
7.9
6.2
1.6
7.5
4.9
1.6
9.2
14.9
10.3
8.2
12.7
11.2
7.4
2.6 -2.6
7.2
1.7 -3.0
-7.3 -18.5 -22.9
-7.1 -17.9 -20.8
2.1
2.1
-0.8
-0.2
-3.1
-2.6
-2.3
-0.3
-3.4
-3.4
3.6
4.0
18.5
20.7
12.9
12.9
11.2
10.7
4.7
6.1
13.5
12.4
15.9
16.7
5.3
8.0
8.8
9.3
11.4
12.3
4.1
3.6
14.0
15.5
4.1
4.2
8.5
6.4
7.0
7.3
9.1
10.3
0.4
-0.2
12.2
14.3
3.2
2.4
8.8
9.1
5.0
5.3
3.7
3.7
7.4
7.5
2.4
2.3
7.5
8.1
-7.0
-5.1
7.3
7.6
6.0
6.3
-1.5
-1.3
8.7
9.2
9.6
9.7
-2.0
-2.3
-3.6
-4.0
1.9
1.9
3.4
3.4
3.7
3.7
1.8
2.1
1.6
1.3
1.8
1.8
1.2
0.0
4.4
4.1
4.9
4.9
1.9
0.0
9.5
9.7
8.5
9.0
11.9
11.5
11.0
11.3
11.0
11.3
11.2
11.5
6.7
7.0
7.5
7.7
5.0
5.6
6.1
5.9
6.8
6.8
2.8
1.4
9.0
9.1
9.4
9.9
7.9
7.2
6.1
6.0
5.9
6.0
7.1
6.0
8.7
8.4
7.4
7.5
11.8
10.5
2.0
2.2
1.7
1.7
3.5
4.4
5.4
6.2
5.9
6.0
4.2
6.6
-3.2
-3.5
-3.9
-4.1
0.7
0.2
9.8
10.0
6.6
7.4
17.3
16.2
10.6
12.3
9.9
11.5
14.2
16.5
6.4
6.5
6.8
7.2
5.4
5.1
17.0
15.2
18.6
16.6
9.4
8.9
3.0
3.1
5.1
6.2
-1.7
-3.4
5.9
4.8
6.7
5.5
2.4
1.8
9.4
10.0
6.4
7.2
16.5
16.8
10.5
13.8
10.8
14.5
9.4
10.5
7.6
8.1
8.4
7.1
5.9
10.2
2.3
3.2
3.5
5.0
-3.7
-5.7
8.8
8.8
13.8
14.5
-1.7
-2.8
4.5
0.6
4.8
0.7
2.6
0.0
3.8
3.4
4.1
3.9
3.8
3.9
4.6
3.9
3.7
3.2
4.7
4.4
7.3
7.0
7.4
7.4
7.2
6.3
3.3
3.1
2.2
2.5
6.6
6.8
8.7
8.7
2.8
3.4
-0.1
0.2
1.4
1.4
4.1
4.2
5.7
5.8
1.0
1.1
-0.2
-0.2
0.3
0.4
1.3
1.2
1.5
1.5
0.9
0.6
-0.2
-0.1
1.4
1.7
2.1
2.3
1.6
1.6
3.2
3.6
0.9
1.3
1.7
2.1
1.3
1.6
2.2
2.5
-0.6
-0.2
2.0
2.3
3.1
2.9
7.7
6.0
7.8
7.2
7.3
3.6
0.5
1.1
1.9
1.5
5.2
6.1
6.1
8.1
3.5
2.3
0.1
-1.0
1.5
1.3
2.3
2.4
2.1
2.0
2.6
3.2
1.0
0.7
1.5
1.6
7.1
6.2
12.1
10.9
-2.3
-2.7
-1.7
-1.1
-2.4
-1.8
-4.8
-4.6
-9.6
-9.7
5.6
6.5
-1.0
-0.1
0.4
-0.2
1.7
1.1
3.6
3.1
-2.1
-2.7
-0.4
-1.0
0.4
0.9
0.4
1.1
3.1
4.0
-5.0
-4.5
0.5
0.8
4.2
3.8
4.8
4.4
4.9
4.5
4.2
3.7
5.1
4.8
2.0
1.6
1.2
0.9
2.1
1.8
1.2
0.8
2.4
1.9
1.3
1.2
2.4
2.2
1.9
1.8
1.8
1.5
3.3
3.1
2.4
2.5
2.8
2.8
2.8
2.8
2.6
2.7
2.5
2.2
3.2
3.3
4.0
4.1
3.6
3.8
3.7
3.8
3.4
3.6
3.2
3.1
3.2
3.0
3.3
3.1
3.1
3.0
1.3
1.4
2.6
2.8
2.6
2.6
2.5
2.6
2.4
2.6
4.0
3.5
2.5
2.4
1.4
1.4
1.7
1.8
2.4
2.2
2.2
2.8
0.8
1.4
-0.7
-0.3
-0.4
0.0
0.6
1.3
0.5
1.3
2.4
2.6
3.2
3.6
2.8
3.2
3.5
3.6
1.8
3.7
2.0
2.4
4.4
4.8
3.6
3.7
2.0
2.6
4.0
2.4
3.5
3.8
3.4
3.8
3.9
4.0
3.3
3.9
2.7
2.9
3.2
2.7
4.0
3.4
3.7
3.6
2.6
1.5
5.7
7.5
3.4
2.3
3.5
2.5
2.9
1.9
5.2
4.7
-4.8
-4.7
4.2
4.8
1.5
1.7
3.8
3.7
1.3
2.2
2.8
2.5
6.4
5.9
6.5
6.1
7.5
7.0
7.6
7.2
6.5
6.0
7.7
7.5
3.4
3.2
4.3
4.1
3.1
2.9
4.1
3.8
3.5
3.2
4.4
4.1
3.5
3.4
3.0
2.9
3.9
3.8
3.4
3.4
3.4
3.2
4.7
4.6
4.7
4.7
4.7
4.7
5.2
5.2
5.2
5.2
4.9
4.9
4.6
4.2
6.5
6.6
6.1
6.2
7.2
7.3
6.8
7.0
6.7
6.8
6.1
6.4
6.5
6.3
6.7
6.5
7.0
6.8
7.2
6.9
6.5
6.4
4.4
4.4
6.0
6.1
6.0
6.1
6.0
6.1
6.0
6.1
5.8
5.9
6.9
6.4
5.1
4.8
5.4
5.2
4.4
4.2
4.7
4.6
5.4
4.9
4.9
5.5
2.6
3.3
3.0
3.6
2.4
2.9
2.8
3.2
2.7
3.5
3.9
4.6
6.5
6.8
5.9
6.4
7.5
8.0
7.0
7.6
7.1
7.4
5.2
7.3
6.4
7.4
5.5
6.2
8.2
9.2
7.4
8.0
5.5
6.5
7.1
6.3
6.0
6.0
6.6
6.1
6.7
6.7
7.2
6.8
6.3
6.3
5.3
4.9
6.7
5.9
6.3
6.0
8.0
7.2
7.7
7.3
5.7
4.8
9.2
10.8
8.0
7.1
7.3
6.5
7.2
6.3
6.6
5.7
9.1
8.8
-2.5
-2.4
4.5
4.8
7.1
7.0
4.7
4.8
7.1
6.9
4.1
4.4
5.4
5.1
2.3
2.4
2.2
2.2
2.4
2.9
11.7
11.6
11.8
11.7
10.9
11.4
4.4
4.3
3.8
3.8
5.7
5.6
11.5
11.5
12.5
12.4
6.8
6.9
8.6
8.7
11.1
11.2
2.7
2.9
13.0
13.1
13.4
13.5
11.0
11.1
-5.6
-5.4
-6.2
-6.1
-4.1
-3.7
-2.8
-2.7
-3.2
-3.2
-0.8
-0.3
3.7
3.7
4.7
4.7
5.1
5.1
4.3
4.2
2.9
2.9
2.1
2.1
0.9
0.9
0.3
0.3
2.7
2.7
3.2
3.2
2.4
2.4
3.2
3.1
3.4
3.4
2.9
2.7
1.9
2.0
2.1
1.9
-1.1
-1.1
-2.1
-2.1
0.8
0.7
3.9
3.6
3.6
3.9
1.9
2.2
1.9
1.9
2.1
2.8
4.5
4.7
2.0
2.1
0.5
0.9
-0.5
-0.5
2.4
3.5
2.8
2.7
Addenda:
Final sales of domestic product....................................................
Previously published.................................................................
Gross domestic purchases...........................................................
Previously published.......
Final sales to domestic purchasers
Previously published.......
Gross national product (GNP)
Previously published.......
Disposable personal income
Previously published.......
3.4
3.3
3.4
3.4
3.4
3.4
3.4
3.3
3.3
3.2
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.5
3.5
2.9
2.8
3.0
2.9
3.1
3.0
2.8
2.7
3.1
3.0
4.4
4.2
5.5
5.3
5.6
5.3
4.3
4.0
6.0
5.8
4.9
4.5
5.7
5.3
5.8
5.4
4.9
4.6
3.0
3.0
Current-dollar measures:
GDP..........................................................................................
Previously published............................................................
Final sales of domestic product................................................
Previously published............................................................
Gross domestic purchases.......................................................
Previously published............................................................
Final sales to domestic purchasers..........................................
Previously published...
GNP................................
Previously published ...
Disposable personal income....................................................
Previously published...
6.4
6.4
6.5
6.5
6.5
6.5
6.5
6.5
6.5
6.4
6.4
6.3
7.6
7.6
7.6
7.6
7.7
7.7
7.7
7.7
7.6
7.6
7.8
7.8
5.1
5.0
5.2
5.2
5.5
5.4
5.6
5.5
5.2
5.1
5.4
5.4
5.5
5.3
5.7
5.4
6.2
6.0
6.3
6.0
5.4
5.2
7.0
6.8
6.4
6.0
6.4
6.1
7.4
7.0
7.5
7.1
6.5
6.1
4.7
4.7
1.7
2.6
3.4
3.0
4.3
4.4
4.2
4.3
4.5
4.5
5.6
5.6
5.7
5.7
5.1
4.9
N t . C ma o s o th re is de timte fo c mo e ts o p rs n l c n u p n e p n itu s (P E w th
oe o p ris n f e v e s a s r o p n n f e o a o s mtio x e d re C ) ith e
p v u lyp b h de timte a n t s o nb c u eth c mo itio o th s c mo e tsc a g da p rt o th n w
re io s u lis e s a s re o h w e a s e o p s n f e e o p n n h n e s a f e e
4.1
3.0
3.5
3.6
6.8
6.8
7.1
7.1
6.0
6.0
6.3
6.3
7.0
7.0
4.2
4.3
Government consumption expenditures and gross investment..
Previously published.....................................................................
Federal...................
Previously published.................................................................
National defense..
Previously published............................................................
Nondefense.........
Previously published
State and local..............................................................................
Previously published.................................................................
3.5
2.5
10.0
9.7
7.3
7.3
6.0
5.8
1.1
1.3
7.7
7.4
9.8
10.0
6.8
5.7
7.4
6.5
9.8
8.7
7.8
6.8
10.5
9.4
1.0
0.8
4.9
4.9
4.8
4.8
5.5
5.5
4.9
4.9
5.0
4.9
4.5
4.5
3.0
3.6
II
3.6
3.6
3.2
3.4
0.9
1.0
-3.8
-4 A
2.5
2.8
8.2
8.4
5.1
4.7
8.8
7.8
9.3
8.3
10.4
9.2
0.1
-0.4
14.1
12.7
6.3
6.0
Net exports of goods and services...............................................
Exports.........................................................................................
Previously published.................................................................
Goods..................
Previously published
Services..............
Previously published............................................................
Imports....................
Previously published.................................................................
Goods.......................................................................................
Previously published............................................................
Services...................................................................................
Previously published............................................................
2.9
3.5
I
IV
2.8
2.8
5.5
5.1
4.4
4.4
4.3
4.3
5.3
5.3
2.4
2.4
6.7
6.7
2.2
2.2
2005
III
II
2.8
3.0
5.2
5.0
3.5
3.5
3.8
3.8
3.5
3.4
4.0
3.9
1.8
1.8
5.0
4.9
2.3
2.3
2004
2008
0.4
1.1
10.0
9.8
10.9
10.2
12.0
11.1
5.1
5.1
14.5
13.3
7.7
7.6
3.3
3.2
2007
2.1
2.0
2.4
1.8
2.9
2.4
4.5
3.8
2.1
1.7
5.1
4.3
-1.0
-0.7
Personal consumption expenditures.............................................
Previously published......................................................................
Gross private domestic investment..............................................
Previously published......................................................................
Fixed investment......
Previously published
Nonresidential.....
Previously published
Structures........
Previously published
Equipment and software.......................................................
Previously published.........................................................
Residential................................................................................
Previously published............................................................
Change in private inventories.......................................................
2006
2.7
2.8
3.3
3.2
2.8
2.7
2005
3.1
2.9
4.1
3.7
3.4
3.4
2004
3.6
3.6
4.8
4.5
3.4
3.3
2003
I
4.4
4.2
Gross domestic product (GDP)..........................................
Previously published.........................................................
2002
1.1
0.8
1.8
1.6
2.5
2.5
2.7
2.5
2.7
2.7
-1.4
-7.0
-7.9
-2.6
-4.2
-1.9
-3.0
-5.2
-7.9
-2.8
-4.2
-9.2
-1.5 -17.7
-2.3 -17.1
-3.2
-4.2
-4.9
-6.2
0.6
5.2
0.4
4.8
c s ific tio s s mth tw sa o te fo P E S ete t,
la s a n y te a a d p d r C . e x
S “ x la a ryN te a th e do th ta le .
ee E p n to o ” t e n f e b s
18
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 1A. Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Table Ends
Seasonally adjusted at annual rates
2005
III
2007
2006
IV
I
II
III
IV
I
II
2008
III
IV
I
2009
III
II
IV
I
Gross domestic product (GDP).............................................
Previously published............................................................
3.1
3.8
2.1
1.3
5.4
4.8
1.4
2.7
0.1
0.8
3.0
1.5
1.2
0.1
3.2
4.8
3.6
4.8
2.1
-0.2
-0.7
0.9
1.5
2.8
-2.7
-0.5
-5.4
-6.3
-6.4
-5.5
Personal consumption expenditures................................................
Previously published........................................................................
2.9
3.7
1.0
1.4
4.5
4.3
2.2
2.8
2.5
2.2
4.1
3.7
3.7
3.9
1.1
2.0
1.9
2.0
1.2
1.0
-0.6
0.9
0.1
1.2
-3.5
-3.8
-3.1
-4.3
0.6
1.4
Gross private domestic investment.................................................
Previously published........................................................................
Fixed investment........
Previously published
Nonresidential.............................................................................
Previously published
Structures..........
Previously published............................................................
Equipment and software
Previously published............................................................
Residential.............
Previously published
Change in private inventories..........................................................
4.5
4.0
5.2
5.3
5.8
6.1
-8.1
-9.2
11.2
12.2
4.2
4.0
15.1
12.2
1.5
2.3
2.2
3.7
2.5
1.9
2.3
4.4
0.1
0.2
6.0
6.2
9.5
8.3
18.0
15.9
18.9
15.6
17.8
16.3
-4.2
-3.6
-0.6
-0.4
-1.9
-2.5
7.3
6.4
22.4
19.7
2.1
1.7
-16.9
-16.6
-5.5
-5.3
-5.0
-4.8
4.4
5.3
10.3
14.3
2.2
2.0
-21.2
-21.4
-10.9
-15.0
-5.3
-7.6
2.3
-1.0
1.5
2.5
2.8
-2.4
-19.7
-19.5
-6.0
-9.6
-2.6
-3.4
4.2
3.4
15.6
11.2
-0.5
0.0
-16.2
-16.2
5.7
6.2
3.6
3.0
11.4
10.3
22.7
18.3
6.5
6.9
-12.9
-11.5
0.8
3.5
-0.4
-0.9
9.6
8.7
26.6
20.5
2.2
3.6
-22.4
-20.6
-7.7
-11.9
-4.2
-6.2
6.7
3.4
11.2
8.5
4.5
1.0
-29.5
-27.0
-7.4
-5.8
-6.3
-5.6
1.9
2.4
6.8
8.6
-0.5
-0.6
-28.2
-25.1
-10.4
-11.5
-2.7
-1.7
1.4
2.5
14.5
18.5
-5.0
-5.0
-15.8
-13.3
-6.9
0.4
-8.3
-5.3
-6.1
-1.7
-0.1
9.7
-9.4
-7.5
-15.9
-16.0
-24.2
-23.0
-20.2
-22.0
-19.5
-21.7
-7.2
-9.4
-25.9
-28.1
-23.2
-22.8
-50.5
-48.9
-39.0
-37.6
-39.2
-37.3
-43.6
-42.9
-36.4
-33.7
-38.2
-38.8
Net exports of goods and services..................................................
Exports......................
Previously published
Goods....................
Previously published
Services......................................................................................
Previously published
Imports......................
Previously published....................................................................
Goods....................
Previously published
Services................
Previously published................................................................
0.1
0.4
-1.1
-0.8
2.9
3.2
2.5
0.8
2.7
1.1
1.2
-1.0
10.5
10.9
11.8
13.2
7.4
5.7
11.7
15.3
12.1
17.0
9.5
6.8
16.5
16.7
17.8
18.1
13.6
13.4
7.8
10.3
6.3
9.0
16.1
17.7
6.9
5.5
7.4
6.7
5.6
2.7
4.5
0.1
5.0
0.5
1.8
-2.0
0.6
3.5
0.2
3.6
1.5
3.2
4.9
3.1
5.5
3.8
1.3
-0.3
17.8
15.6
13.1
10.4
29.1
28.6
-0.5
2.0
-2.3
-0.8
10.0
18.4
3.5
0.6
3.0
2.1
4.7
-2.7
4.3
7.7
5.0
8.4
0.4
4.2
5.2
8.8
6.3
6.9
2.8
13.3
-0.5
-3.7
-1.0
-4.0
2.1
-2.0
18.5
23.0
14.8
21.8
27.2
25.9
3.7
3.0
2.8
2.4
8.6
6.3
14.5
4.4
12.4
5.1
19.2
2.7
-3.6
-2.3
-3.8
-2.6
-2.9
-0.9
-0.1
5.1
4.2
4.5
-9.0
6.4
-2.5
-0.8
-3.5
-2.0
3.0
5.5
12.1
12.3
14.1
16.3
7.8
3.8
-5.0
-7.3
-4.6
-7.1
-7.1
-8.0
-3.6
3.0
-1.8
3.7
-7.7
1.4
-2.2
-3.5
-3.7
-4.7
6.1
3.3
-19.5
-23.6
-25.5
-32.0
-4.3
-1.5
-16.7
-17.5
-19.6
-19.6
-0.9
-6.7
-29.9
-30.6
-36.9
-38.8
-13.6
-11.5
-36.4
-36.4
-41.0
-41.4
-11.5
-10.2
Government consumption expenditures and gross investment....
Previously published........................................................................
Federal............................................................................................
Previously published....................................................................
National defense....
Previously published
Nondefense...........
Previously published................................................................
State and local...........
Previously published....................................................................
3.7
3.4
9.7
9.7
11.1
12.3
6.8
4.4
0.3
-0.1
-1.8
-1.7
-6.5
-7.2
-14.3
-14.2
11.7
8.9
1.1
1.6
4.1
3.9
11.9
10.0
10.5
8.8
14.7
12.4
-0.3
0.5
0.3
1.2
-3.4
-1.5
1.1
1.9
-11.6
-8.1
2.6
2.9
0.6
1.7
-0.4
1.9
-1.9
-0.9
2.9
7.7
1.2
1.6
1.1
1.6
1.1
1.8
8.5
7.0
-12.7
-8.1
1.1
1.5
0.0
0.9
-5.1
-3.6
-7.6
-5.9
0.3
1.2
3.1
3.6
4.4
3.9
7.4
6.7
8.6
8.5
5.0
3.1
2.7
2.4
3.9
3.8
9.3
7.2
10.0
10.2
7.9
1.2
0.9
1.9
1.6
0.8
2.7
-0.5
0.5
-0.9
7.6
0.4
1.0
1.6
2.6
1.9
8.1
5.8
8.2
7.3
8.1
2.9
-0.5
-0.3
3.6
3.9
7.8
6.6
7.0
7.3
9.6
5.0
1.2
2.5
4.8
5.8
13.2
13.8
19.8
18.0
0.1
5.1
0.1
1.3
1.2
1.3
6.5
7.0
3.8
3.4
12.7
15.3
-2.0
-2.0
-2.6
-3.1
-4.3
-4.5
-5.1
-6.8
-2.5
0.6
-1.5
-2.2
3.2
4.1
3.3
3.7
3.4
3.9
3.4
4.1
2.4
-1.3
-0.1
-0.3
2.7
2.5
0.6
1.0
1.1
0.4
2.2
7.5
5.9
5.1
4.7
4.5
5.2
4.8
5.4
4.9
7.7
5.1
1.2
2.3
1.4
2.0
1.2
1.6
1.3
2.8
3.6
1.3
0.2
0.9
0.8
0.9
0.9
1.0
-0.3
0.2
1.9
2.3
4.1
2.9
1.0
0.2
2.0
1.5
3.2
2.0
5.3
5.8
1.8
1.1
1.4
1.2
2.0
2.2
0.9
-0.3
1.7
4.4
2.9
4.3
2.4
2.9
2.1
2.5
3.6
4.4
0.5
-0.6
3.4
4.0
2.1
2.6
1.9
1.9
5.4
6.3
1.7
3.1
2.8
0.8
-0.2
-1.0
0.4
-0.1
3.4
1.3
0.1
0.6
-0.5
0.9
-1.1
0.1
-0.9
0.1
-1.1
0.1
-2.4
-0.7
2.7
4.4
-0.9
-0.1
0.3
1.3
0.2
2.1
9.8
10.7
-2.9
-1.3
-2.5
-1.5
-2.7
-2.3
-1.8
-0.2
-8.5
-8.5
-4.7
-6.2
-5.5
-5.9
-4.9
-5.8
-6.7
-5.6
3.4
2.9
-4.1
-3.3
-8.6
-7.5
-6.4
-5.4
-6.6
-5.6
1.1
6.0
7.4
8.1
7.6
8.4
8.4
9.1
8.6
9.4
7.7
8.4
7.1
3.4
5.6
5.1
3.3
3.5
7.0
6.5
4.8
5.0
4.6
4.2
5.8
11.1
8.6
8.6
9.2
8.8
7.6
7.5
8.2
7.8
8.6
8.7
9.5
6.9
5.1
5.5
4.9
5.1
5.0
5.7
4.8
5.3
4.9
5.6
6.7
4.6
3.2
3.6
3.3
3.7
3.7
3.8
3.8
3.9
2.8
3.0
4.9
5.4
4.8
3.7
6.0
5.2
1.9
0.7
3.0
2.1
5.1
4.1
5.3
5.3
5.5
4.3
6.1
5.3
5.7
5.0
6.3
5.9
5.3
4.0
5.5
7.9
6.0
6.9
5.7
6.4
5.5
6.4
5.2
5.9
6.3
6.4
3.7
3.0
5.3
6.3
5.1
5.6
4.3
4.9
4.1
4.2
7.1
7.9
4.1
5.7
4.5
2.3
5.2
3.6
4.4
2.6
5.0
3.9
5.8
3.9
5.2
4.9
1.0
3.5
1.5
3.6
2.1
3.5
2.6
3.7
0.6
2.6
1.2
2.9
3.5
4.1
4.7
5.6
3.2
4.3
4.3
5.7
2.3
3.4
14.1
15.4
1.4
3.4
1.0
2.6
1.8
2.9
1.5
2.2
2.2
3.7
-4.2
-3.9
-5.4
-5.8
-5.2
-6.1
-9.2
-9.6
-9.0
-9.9
-6.7
-5.0
-1.8
-2.1
-4.6
-2.9
-2.4
-0.7
-9.8
-8.4
-7.7
-6.4
-4.8
-3.0
-0.4
5.0
Addenda:
Final sales of domestic product.......................................................
Previously published..........
Gross domestic purchases....
Previously published..........
Final sales to domestic purchasers.................................................
Previously published..........
Gross national product (GNP)
Previously published....................................................................
Disposable personal income...........................................................
Previously published....................................................................
Current-dollar measures:
GDP.............................................................................................
Previously published................................................................
Final sales of domestic product
Previously published......
Gross domestic purchases.
Previously published......
Final sales to domestic purchasers.............................................
Previously published......
GNP..................................
Previously published......
Disposable personal income.......................................................
Previously published................................................................
N t . C ma o s o th re is d e timte fo c mo e ts o p rs n l c n u p n e p n itu s (P E w th
oe o p ris n f e v e s a s r o p n n f e o a o s mtio x e d re C ) ith e
p v u lyp b h de timte a n t s o nb c u eth c mo itio o th s c mo e tsc a g da p rt o th n w
re io s u lis e s a s re o h w e a s e o p s n f e e o p n n h n e s a f e e
c s ific tio s s mth tw sa o te fo P E S ete t,
la s a n y te a a d p d r C . e x
S e“ x la a ryN te a th e do th ta le .
e E p n to o ” t e n f e b s
August 2009
Su r v e y
of
19
C u r r e n t B usin ess
Table 1B. Revisions to Current-Doiiar Gross Domestic Product, National Income, and Disposition of Personal Income
Percent of previously published
Billions of dollars
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
1997
2002
2008
Gross domestic product (GDP)............................................
28.1
46.5
85.1
134.5
158.2
172.7
181.3
181.9
216.5
220.5
270.1
176.8
0.3
1.6
1.2
Personal consumption expenditures................................................
23.2
39.0
60.3
91.0
93.8
88.5
100.4
89.2
124.9
115.5
116.2
72.0
0.4
1.2
0.7
Gross private domestic investment.................................................
Fixed investment..........................................................................
Nonresidential.........................................................................
Structures............................................................................
Equipment and software......................................................
Residential...............................................................................
-1.1
-0.1
-0.1
0.0
0.0
0.0
-1.0
1.7
8.7
8.5
-0.1
8.7
0.1
-7.1
15.8
21.9
21.0
1.7
19.3
0.9
-6.1
36.7
38.7
36.6
4.9
31.6
2.1
-2.0
47.6
54.1
51.0
7.1
43.9
3.1
-6.6
64.9
64.7
59.1
3.6
55.6
5.6
0.1
65.6
63.5
58.3
4.7
53.6
5.2
2.1
80.0
73.6
68.5
8.5
60.1
5.1
6.3
86.1
79.5
74.2
14.2
60.1
5.4
6.7
106.8
96.1
91.2
23.3
68.0
4.9
10.7
158.1
135.1
136.4
55.1
81.3
-1.2
23.0
142.6
130.3
140.8
56.1
84.7
-10.5
12.2
-0.1
0.0
0.0
0.0
0.0
0.0
4.1
4.1
5.5
1.3
7.1
1.1
7.2
6.4
9.1
10.1
8.5
-2.2
Exports........................................................................................
Goods......................................................................................
Services
Imports
Goods
Services
0.2
-0.9
0.0
-0.9
-1.1
0.4
-1.4
-1.9
-2.0
0.0
-2.1
-0.2
1.8
-2.0
-1.6
-1.9
0.0
-1.9
-0.3
2.2
-2.6
-2.6
-3.1
0.0
-3.0
-0.5
3.0
-3.5
-4.0
-5.1
0.0
-5.1
-1.1
3.8
-4.9
-2.8
-2.9
2.7
-5.7
-0.1
4.6
-4.7
-4.7
0.2
2.4
-2.2
4.9
5.4
-0.3
-3.3
-2.2
-1.3
-0.9
1.1
2.2
-1.0
-9.1
-6.4
-2.3
-*.1
2.7
2.7
0.0
-12.0
-9.8
-7.7
-2.1
2.2
2.2
0.0
-6.0
-6.5
-9.8
3.3
-0.5
2.5
-3.0
-38.6
-28.3
-16.2
-12.1
10.3
11.2
-1.0
-0.1
0.0
-0.3
-0.1
0.0
-0.8
-0.3
0.4
-1.8
0.0
0.4
-2.0
-1.5
-1.3
-2.1
0.4
0.5
-0.2
Government consumption expenditures and gross investment........
Federal.......................................................................................
National defense.....................................................................
Nondefense.............................................................................
State and local.............................................................................
5.7
0.1
0.2
-0.2
5.7
7.8
0.6
0.4
0.2
7.1
10.5
-0.9
0.5
-1.4
11.3
9.4
-2.7
0.7
-3.5
12.1
20.8
-1.2
0.4
-1.6
21.9
22.2
0.9
0.6
0.4
21.2
20.1
0.1
0.7
-0.7
20.1
16.0
-1.0
0.1
-1.0
17.0
14.6
0.8
0.9
-0.1
13.8
10.3
-0.5
0.8
-1.2
10.8
1.7
-2.6
-0.1
-2.6
4.3
0.8
10.7
3.0
7.7
-9.8
0.4
0.0
0.1
-0.1
0.6
1.1
0.1
0.1
0.2
1.7
0.0
1.0
0.4
2.3
-0.5
Relation of GDP and national income
Gross domestic product...............................................................
28.1
46.5
85.1
134.5
158.2
172.7
181.3
181.9
216.5
220.5
270.1
176.8
0.3
1.6
1.2
Plus: Income receipts from the rest of the world..............................
Less: Income payments to the rest of the world..............................
-7.2
2.4
-0.9
3.1
-1.3
4.7
-2.2
-0.9
0.6
-7.7
7.8
-10.6
16.5
4.6
11.1
-3.9
-0.5
-4.6
-4.3
1.5
0.1
-13.3
10.9
2.2
-2.5
0.9
2.6
-3.9
1.4
0.3
Equals: Gross national product...................................................
18.5
42.5
79.1
133.3
166.5
191.2
193.2
196.9
220.6
214.7
283.3
185.5
0.2
1.8
1.3
Less: Consumption of fixed capital..................................................
-10.6
-84.7
-9.7
-70.7
-6.9
-35.4
-3.5
-6.8
-25.3
-1 3 8
13.0
-1.1
17.6
-32.2
-3.3
-26.9
-70.6
-8.5
36.8
-57.6
39.5
66.6
14.8
-37.1
-1.1
1.0
0.8
Equals: National income...............................................................
113.8
122.8
121.3
143.7
205.4
179.2
207.9
227.2
299.8
235.5
177.3
207.8
1.6
1.9
1.7
Compensation of employees.......................................................
Wage and salary accruals.......................................................
Supplements to wages and salaries........................................
Proprietors’ income with inventory valuation and capital
consumption adjustments........................................................
Rental income of persons with capital consumption adjustment
Corporate profits with inventory valuation and capital
consumption adjustments........................................................
Net interest and miscellaneous payments...................................
Taxes on production and imports less subsidies..........................
Business current transfer payments (net)....................................
Current surplus of government enterprises.................................
3.9
-1.1
5.0
3.8
-1.8
5.6
-3.2
-6.2
3.1
6.1
-1.5
7.8
37.2
9.4
27.8
19.6
16.4
3.2
57.2
26.9
30.3
37.0
31.2
5.8
34.2
29.3
5.0
43.2
41.6
1.6
44.2
46.9
-2.8
-15.4
-7.2
-8.2
0.1
0.0
0.6
0.3
0.3
0.3
-0.2
-0.1
-0.5
52.2
47.7
59.7
54.0
68.5
60.9
89.1
65.0
98.8
65.0
121.9
65.8
119.3
71.2
122.2
80.0
110.0
137.3
118.3
102.2
40.2
104.9
33.9
146.0
9.1
37.0
15.9
43.0
3.2
226.7
16.3
-8.0
-1.3
1.4
1.5
10.8
-7.8
-1.3
0.5
3.0
5.0
-14.0
-1.4
1.6
4.0
1.3
-19.7
-1.9
-0.1
3.8
16.9
-21.9
-4.3
8.5
5.4
-14.1
-14.5
-3.0
-1.9
5.4
-15.3
-20.6
-1.6
-7.7
5.3
15.7
-29.6
-2.2
-1.3
5.4
8.2
-26.1
0.4
25.9
9.9
-60.2
21.0
9.1
-2.4
4.4
-100.7
74.8
10.8
2.0
1.3
-116.1
132.4
10.7
15.2
1.2
1.9
-1.9
-0.2
2.8
-1.6
-2.8
-0.4
-2.3
-7.9
19.4
Personal income............................................................................
85.6
102.4
108.4
129.7
159.2
178.2
214.5
210.0
216.1
274.2
230.9
138.2
1.2
2.0
1.1
Compensation of employees, received........................................
Wage and salary disbursements.............................................
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................................................
Less: Contributions for government social insurance, domestic....
Less: Personal current taxes...........................................................
4.0
-1.0
5.0
3.8
-1.8
5.6
-3.2
-6.3
3.1
6.1
-1.5
7.8
37.2
9.4
27.8
19.6
16.4
3.2
57.2
26.9
30.3
37.0
31.2
5.8
34.2
29.3
5.0
43.1
41.7
1.6
44.1
46.9
-2.8
-10.4
-2.1
-8.2
0.1
0.0
0.6
0.3
0.3
0.3
-0.1
0.0
-0.5
52.2
-1.6
53.8
47.7
-16.2
-12.9
-3.3
-2.0
0.0
-0.1
59.7
-0.5
60.3
54.0
-14.0
-13.9
-0.1
-0.7
0.5
-0.6
68.5
-0.1
68.6
60.9
-17.4
-17.7
0.3
-0.5
-0.1
0.0
89.1
6.9
82.1
65.0
-26.3
-26.8
0.4
-1.0
3.1
-3.4
98.8
10.8
88.0
65.0
-34.0
-34.5
0.5
-5.8
2.1
-2.5
121.9
7.9
114.0
65.8
-23.6
-24.2
0.5
^1.1
1.5
-1.4
119.3
7.3
112.0
71.2
-23.7
-24.3
0.5
-9.3
0.3
-0.8
122.2
12.4
109.8
80.0
-23.6
-34.9
11.3
-7.0
-1.5
1.5
110.0
9.8
100.2
137.3
-54.9
-35.0
-19.9
-12.1
-1.6
0.8
118.3
13.1
105.0
102.2
4.9
2.1
2.8
2.0
-3.7
-0.8
40.2
-4.6
44.7
104.9
31.4
52.1
-20.7
4.7
-5.8
-1.9
33.9
14.1
19.6
146.0
-43.3
99.5
-142.7
6.8
-5.1
-24.9
9.1
-4.7
9.9
37.0
-1.4
-1.5
-1.0
-0.2
0.0
0.0
15.9
74.5
15.0
43.0
-1.8
-2.6
0.1
-0.3
0.2
-0.1
3.2
40.8
1.9
226.7
-2.1
8.2
-17.2
0.4
-0.5
-1.7
Equals: Disposable personal income..........................................
85.8
103.0
108.3
133.2
161.7
179.6
215.3
208.5
215.3
275.0
232.6
163.1
1.4
2.3
1.5
Less: Personal outlays.....................................................................
23.7
38.4
59.1
88.5
89.0
82.2
100.3
86.5
120.1
110.7
111.2
69.3
0.4
1.1
0.7
1.4
1.7
1.5
14.7
Disposition of personal income
62.1
64.7
49.2
44.6
72.6
97.5
114.9
122.0
95.2
164.3
121.5
93.7
Personal saving as a percentage of disposable personal income
1.0
1.0
0.7
0.6
0.9
1.1
1.4
1.3
1.0
1.7
1.1
0.9
Addenda:
Statistical discrepancy as a percentage of GDP..........................
Gross domestic income...............................................................
-1.1
112.6
-0.8
117.2
-0.4
120.5
0.0
141.4
-0.1
171.9
0.0
173.8
-0.3
213.5
-0.3
208.8
0.0
225.0
-0.4
278.1
0.5
203.5
-0.3
213.9
20
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 2. Contributions to Percent Change in Real Gross Domestic Product—Continues
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2004
2005
I
II
2.8
2.9
3.0
III
IV
I
II
III
IV
Percent change at annual rate:
4.4
4.8
4.1
Personal consumption expenditures...................................
3.50
3.68
3.44
Goods................................................................................
Durable goods................................................................
Motor vehicles and parts............................................
Furnishings and durable household equipment..........
Recreational goods and vehicles................................
Other durable goods...................................................
Nondurable goods..........................................................
Food and beverages purchased for off-premises
consumption
Clothing and footwear................................................
Gasoline and other energy goods...............................
Other nondurable goods.............................................
1.61
1.03
0.36
0.16
0.40
0.10
0.58
1.90
1.13
0.33
0.23
0.45
0.13
0.77
1.29
0.79
0.12
0.19
0.38
0.10
0.50
0.07
0.18
0.06
0.27
0.21
0.19
0.05
0.32
0.12
0.14
-0.03
0.27
Services.............................................................................
Household consumption expenditures (for services).......
Housing and utilities...................................................
Health care................
Transportation services..............................................
Recreation services....
Food services and accommodations...........................
Financial services and insurance................................
Other services...........................................................
Final consumption expenditures of nonprofit institutions
serving households....................................................
Gross output of nonprofit institutions...........................
Less: Receipts from sales of goods and services by
nonprofit institutions...............................................
1.90
1.76
0.37
0.31
0.11
0.08
0.11
0.33
0.45
1.78
1.67
0.38
0.15
0.14
0.12
0.10
0.45
0.32
0.13
0.31
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......................................................................
Gross domestic product..................................................
1.1
1.8
2.5
3.6
3.1
2.7
2.1
0.4
1.85
1.85
1.97
2.42
2.34
0.77
0.49
0.18
0.10
0.22
-0.02
0.28
0.99
0.69
0.19
0.15
0.27
0.07
0.30
1.11
0.55
0.10
0.13
0.26
0.05
0.56
1.08
0.59
0.05
0.17
0.31
0.06
0.49
0.97
0.45
-0.01
0.12
0.29
0.06
0.52
2.01
1.84
-0.17
2.68
1.53
2.40
0.78
0.35
-0.10
0.11
0.30
0.04
0.44
0.75
0.36
0.04
0.04
0.26
0.01
0.39
-0.50
-0.36
-0.38
-0.06
0.13
-0.05
-0.13
0.99
0.40
-0.01
0.11
0.27
0.03
0.58
0.42
0.26
-0.06
0.11
0.21
-0.01
0.17
1.15
0.70
0.16
0.19
0.33
0.02
0.45
0.06
0.03
0.01
0.18
0.01
0.08
0.03
0.18
0.12
0.14
0.05
0.25
0.14
0.12
0.03
0.20
0.21
0.15
-0.01
0.17
0.17
0.12
-0.05
0.20
0.11
0.11
0.02
0.16
0.00
-0.01
-0.12
-0.01
0.38
0.27
-0.03
-0.03
0.04
-0.12
0.02
0.23
0.12
0.14
-0.05
0.25
2.15
2.03
0.37
0.32
0.12
0.08
0.19
0.54
0.42
1.09
0.96
0,33
0.46
-0.02
0.00
-0.01
-0.04
0.24
0.86
0.69
0.09
0.57
-0.07
0.02
0.06
-0.02
0.04
0.86
0.77
0.16
0.23
0.01
0.08
0.14
0.00
0.16
1.34
1.35
0.27
0.33
0.06
0.13
0.13
0.28
0.15
1.37
1.40
0.57
0.39
0.02
0.05
0.14
0.17
0.07
1.22
1.06
0.27
0.19
-0.01
0.08
0.13
0.18
0.21
1.09
1.02
0.12
0.27
0.03
0.10
0.05
0.28
0.18
0.32
0.16
0.12
0.31
-0.11
0.00
-0.02
-0.10
-0.04
1.69
1.67
0.27
0.28
0.07
0.18
0.12
0.46
0.30
1.11
1.17
0.27
0.45
0.08
0.11
0.00
0.12
0.15
0.11
0.22
0.12
0.25
0.13
0.31
0.17
0.39
0.09
0.11
-0.01
0.14
-0.03
0.11
0.17
0.21
0.07
0.18
0.16
0.24
0.03
0.17
-0.06
0.16
0.17
0.11
0.12
0.18
1.65
1.50
1.19
-1.24
0.23
0.02
0.15
0.15
0.04
0.11
0.09
0.14
0.22
-0.22
0.55
1.55
0.92
0.46
-0.65
-1.18
0.35
2.79
1.70
1.38
0.16
1.22
0.86
0.39
0.26
0.21
0.07
0.15
0.14
0.32
1.24
1.20
0.24
0.96
0.78
0.21
0.23
0.35
0.14
-0.04
0.08
0.05
-0.32
-0.35
-0.05
-0.30
-0.02
0.02
0.01
-0.06
-0.12
-0.15
-0.01
0.03
-0.70
-0.94
-0.58
-0.36
-0.12
0.04
0.00
-0.15
-0.10
-0.14
-0.01
0.24
0.49
0.10
-0.10
0.20
0.26
0.06
0.12
0.08
0.00
-0.12
0.06
0.40
1.13
0.61
0.03
0.58
0.35
0.08
0.17
0.11
-0.04
0.19
0.08
0.52
1.05
0.69
0.04
0.65
0.27
0.07
0.11
0.09
0.10
0.16
0.12
0.36
0.39
0.84
0.27
0.58
0.31
0.13
0.07
0.10
0.10
0.12
0.05
-0.45
-0.35
0.70
0.49
0.20
0.29
0.11
0.11
0.08
0.06
-0.14
-0.01
-1.05
-0.81
0.19
0.39
-0.20
0.22
0.05
0.11
0.06
-0.05
-0.35
-0.03
-1.00
-0.12
-0.31
-0.06
-0.25
0.05
-0.06
0.09
0.02
-0.20
-0.05
-0.05
0.19
1.93
1.09
0.12
0.97
0.26
0.07
0.05
0.14
0.11
0.48
0.12
0.83
-0.05
0.01
-0.07
-0.92
0.02
-0.93
0.48
-0.02
0.50
0.06
0.03
0.03
0.42
0.07
0.35
-0.13
-0.07
-0.06
0.07
-0.03
0.10
-0.30
0.03
-0.33
-0.37
-0.04
-0.33
0.46
0.20
0.27
3.5
4.1
1.7
3.23
2.11
2.68
1.99
0.71
1.23
0.58
0.13
0.08
0.28
0.09
0.64
0.95
0.24
-0.24
0.07
0.34
0.06
0.71
1.35
0.98
0.48
0.13
0.27
0.10
0.38
0.74
0.41
0.12
0.14
0.18
-0.02
0.33
-0.29
-0.89
-1.53
0.21
0.35
0.09
0.60
0.28
0.21
0.02
0.14
0.30
0.15
0.11
0.16
0.07
0.23
-0.10
0.18
0.36
0.01
-0.12
0.07
0.15
0.31
-0.08
0.22
1.25
1.29
0.27
0.55
0.02
0.05
0.09
0.13
0.17
2.00
1.96
0.81
0.36
0.05
0.02
0.16
0.52
0.04
1.16
1.31
0.62
0.51
0.00
0.10
0.09
-0.11
0.10
1.32
1.32
0.67
0.21
0.03
0.01
0.25
0.24
-0.10
1.25
1.27
0.52
0.33
0.03
0.01
0.09
0.21
0.09
0.99
0.88
0.26
0.18
-0.07
0.06
0.18
0.07
0.19
-0.04
0.25
0.04
0.21
-0.15
0.04
0.01
0.02
-0.03
0.07
0.12
0.18
0.29
0.17
0.10
0.07
1.40
0.19
1.47
0.01
0.88
-1.23
0.76
2.46
1.36
1.12
0.10
1.02
0.29
0.11
0.21
-0.04
0.15
0.41
0.18
0.24
1.10
0.92
0.01
0.91
0.31
0.14
0.20
-0.03
0.10
0.40
0.11
0.18
0.81
0.38
0.19
0.19
0.21
-0.05
0.03
0.23
0.12
-0.22
0.08
0.43
1.17
0.61
-0.04
0.65
0.30
0.08
0.17
0.04
-0.06
0.19
0.23
0.56
0.86
0.61
-0.24
0.84
0.33
0.11
0.04
0.17
0.20
0.31
0.01
0.25
0.25
0.25
0.07
0.18
0.15
0.18
0.01
-0.04
0.20
-0.22
0.04
0.01
0.87
0.50
0.37
-0.48
-0.34
-0.14
0.30
-0.11
0.40
0.66
-0.35
1.00
-2.39
0.23
-2.63
-0.09
0.14
-0.23
2.21
-0.06
2.27
3.1
2.1
Percentage points at annual rates:
Change in private inventories...........................................
Farm..............................
Nonfarm.........................
-0.05
-0.02
-0.03
1.52
1.24
0.00
1.24
0.90
0.37
0.33
0.19
0.01
0.29
0.04
0.28
-0.02
-0.05
0.03
Net exports of goods and services.......................................
-1.18
-0.99
-0.85
-0.20
-0.65
-0.45
-0.66
-0.27
-0.05
0.63
1.20
-0.54
-1.73
-0.59
-0.65
0.39
0.19
-0.36
-0.74
0.26
0.18
0.08
-1.43
-1.21
-0.22
0.47
0.29
0.18
-1.45
-1.31
-0.14
0.91
0.82
0.08
-1.76
-1.52
-0.24
-0.61
-0.48
-0.13
0.41
0.39
0.02
-0.20
-0.25
0.05
-0.46
-0.42
-0.04
0.15
0.12
0.03
-0.60
-0.55
-0.04
0.89
0.55
0.34
-1.55
-1.29
-0.26
0.67
0.52
0.15
-0.94
-0.87
-0.07
0.93
0.68
0.25
-0.98
-0.80
-0.18
0.96
0.57
0.39
-0.33
-0.24
-0.09
0.64
0.48
0.16
0.56
0.58
-0.02
0.91
0.43
0.48
-1.45
-1.13
-0.32
0.61
0.45
0.16
-2.34
-2.12
-0.22
0.29
0.34
-0.05
-0.88
-0.82
-0.06
0.90
0.43
0.47
-1.56
-1.33
-0.23
0.75
0.57
0.18
-0.36
-0.45
0.10
0.87
0.92
-0.05
-0.68
-0.62
-0.06
0.01
-0.08
0.09
1.03
0.81
0.23
-0.37
-0.34
-0.03
-1.78
-1.55
-0.23
0.38
-0.07
-0.09
-0.10
0.01
0.02
-0.02
0.03
0.45
0.38
0.06
0.63
0.12
0.07
0.05
0.02
0.04
0.01
0.03
0.51
0.34
0.17
0.32
0.36
0.35
0.27
0.27
0.00
0.08
0.10
-0.01
0.01
0.06
-0.05
0.28
0.16
0.09
0.05
0.05
0.06
0.02
0.04
0.28
0.48
0.54
0.38
0.16
-0.05
-0.03
-0.02
-0.46
-0.34
-0.47
-0.41
-0.06
0.13
0.13
-0.01
0.08
0.68
-0.20
0.00
-0.20
-0.11
0.06
-0.18
0.06
0.02
0.04
0.65
0.50
0.42
0.08
0.15
0.06
0.08
0.04
0.10
-0.06
-0.34
-0.47
-0.72
-0.65
-0.07
0.25
0.15
0.10
0.12
0.04
0.08
0.12
0.17
0.21
-0.05
-0.05
-0.05
0.00
-0.04
0.04
-0.07
0.02
0.14
0.03
0.11
-0.12
-0.12
0.00
0.23
0.17
0.06
0.59
0.53
0.37
0.27
0.10
0.16
0.14
0.02
0.06
0.07
-0.01
0.08
Federal.................................................................................
National defense...............................................................
Consumption expenditures...........................................
Gross investment.......
Nondefense...................
Consumption expenditures...........................................
Gross investment..........................................................
State and lo cal....................................................................
Consumption expenditures...............................................
Gross investment..............................................................
Addenda:
Goods...................................................................................
Services................
Structures...............
Motor vehicle output
Final sales of computers......................................................
1.86
2.02
0.47
0.31
0.42
2.23
2.22
0.38
0.37
0.41
1.01
1.61
-0.49
-0.04
0.13
0.11
0.94
-0.61
-0.52
0.12
0.51
2.28
0.06
0.11
-0.18
0.71
1.15
1.00
-0.21
0.00
1.40
1.49
0.09
0.61
0.04
1.58
2.03
-0.10
-0.04
0.18
1.85
1.64
0.57
0.04
0.05
0.09
1.14
0.48
0.21
0.18
1.22
1.89
-0.03
0.72
0.10
Exports............................
Goods...........................
Services........................
Im ports................................................................................
Goods...............................................................................
Services...........................................................................
Government consumption expenditures and gross investment
S e“ x la a ryN te a th e do th ta le .
e E p n to o ” t e n f e b s
0.36
0.67
0.84
0.42
0.26
0.06
0.03
-0.02
-0.03
0.01
0.05
0.08
-0.03
0.24
0.14
0.12
0.02
0.09
0.10
0.00
0.43
0.32
0.11
0.43
0.36
0.31
0.05
0.07
0.06
0.00
-0.01
-0.03
0.02
0.28
0.26
0.21
0.05
0.02
0.03
0.00
-0.02
0.00
-0.02
0.09
0.07
0.04
0.03
0.02
0.01
0.01
0.33
0.21
0.12
0.44
0.28
0.22
0.06
0.15
0.13
0.03
0.40
0.32
0.08
-0.03
0.04
-0.07
0.26
0.15
0.07
0.03
0.04
0.07
0.05
0.02
0.11
0.07
0.04
1.54
2.26
0.34
-0.06
0.30
-0.50
1.51
0.07
-0.16
0.13
0.51
1.54
-0.24
0.39
0.03
0.98
1.19
0.31
0.04
0.12
1.44
1.65
0.49
0.14
0.03
1.22
1.54
0.30
0.13
0.11
1.40
1.45
-0.18
-0.04
0.14
0.09
0.10
0.07
0.04
-0.01
-0.02
0.00
0.13
-0.01
0.14
1.41
0.49
0.19
-1.03
0.19
August 2 0 0 9
Su r v e y
of
21
C u r r e n t B usin ess
Table 2. Contributions to Percent Change in Real Gross Domestic Product—Table Ends
Seasonally adjusted at annual rates
III
IV
I
II
2009
2008
2007
2006
II
I
III
I
IV
II
III
IV
I
II
Percent change at annual rate:
Gross domestic product...........................................................
5.4
1.4
0.1
3.0
1.2
3.2
3.6
2.1
-0.7
1.5
-2.7
-5.4
-6.4
-1.0
Percentage points at annual rates:
Personal consumption expenditures..........................................
3.08
1.48
1.70
2.79
2.54
0.81
1.35
0.86
-0.39
0.06
-2.49
-2.15
0.44
-0.88
Goods.........................................................................................
Durable goods.........................................................................
Motor vehicles and parts.....................................................
Furnishings and durable household equipment...................
Recreational goods and vehicles........................................
Other durable goods............................................................
Nondurable goods...................................................................
Food and beverages purchased for off-premises
consumption
Clothing and footwear.........................................................
Gasoline and other energy goods.......................................
Other nondurable goods......................................................
1.76
1.35
0.46
0.22
0.53
0.14
0.41
0.15
-0.09
0.00
-0.09
0.06
-0.05
0.24
0.78
0.37
0.21
0.04
0.18
-0.06
0.40
1.39
0.46
-0.02
0.04
0.44
0.01
0.93
0.93
0.45
0.08
0.15
0.22
0.00
0.48
0.05
0.18
0.05
-0.08
0.16
0.05
-0.13
0.75
0.42
-0.10
0.07
0.38
0.07
0.33
0.71
0.44
0.06
0.06
0.33
-0.01
0.27
-1.24
-0.75
-0.50
-0.13
-0.04
-0.07
-0.49
-0.12
-0.46
-0.63
0.05
0.25
-0.13
0.35
-1.89
-0.95
-0.64
-0.22
-0.06
-0.03
-0.94
-2.41
-1.64
-0.84
-0.27
-0.30
-0.21
-0.78
0.56
0.28
0.14
-0.13
0.20
0.07
0.29
-0.92
-0.52
-0.27
-0.15
-0.09
-0.02
-0.40
0.06
0.14
-0.13
0.35
0.23
-0.07
0.03
0.06
0.07
0.14
0.10
0.10
0.33
0.17
0.00
0.43
0.10
0.19
0.05
0.14
-0.14
-0.02
-0.01
0.03
0.09
0.11
0.01
0.11
0.22
0.05
-0.10
0.10
0.05
-0.04
-0.23
-0.27
0.03
0.16
-0.11
0.27
-0.29
-0.27
-0.42
0.04
-0.41
-0.21
0.27
-0.43
0.03
-0.04
0.17
0.12
0.25
-0.16
-0.03
-0.45
Services.....................................................................................
Household consumption expenditures (for services)...............
Housing and utilities............................................................
Healthcare..............
Transportation services
Recreation services.
Food services and accommodations...................................
Financial services and insurance........................................
Other services.....................................................................
Final consumption expenditures of nonprofit institutions
serving households.............................................................
Gross output of nonprofit institutions...................................
Less: Receipts from sales of goods and services by
nonprofit institutions........................................................
1.32
1.12
-0.13
0.32
-0.06
0.12
0.36
0.21
0.28
1.33
1.04
0.58
0.06
0.05
0.05
-0.19
0.16
0.32
0.92
0.59
0.30
-0.11
-0.01
0.13
0.00
0.13
0.15
1.40
1.38
-0.16
0.37
0.09
0.22
0.18
0.40
0.28
1.61
1.69
0.21
0.53
0.05
0.08
0.03
0.43
0.36
0.76
0.88
0.03
0.20
0.01
0.04
0.04
0.42
0.14
0.60
0.34
0.14
0.18
-0.03
0.08
0.05
0.08
-0.16
0.15
-0.14
-0.04
0.30
-0.07
0.00
0.09
-0.25
-0.17
0.85
0.70
0.33
0.65
-0.17
-0.01
-0.10
-0.13
0.13
0.17
0.13
0.11
0.28
-0.15
0.04
0.11
-0.07
-0.18
-0.60
-0.79
-0.18
-0.06
-0.11
-0.08
-0.11
-0.16
-0.09
0.26
0.06
0.46
0.19
-0.17
-0.10
-0.35
-0.24
0.27
-0.13
0.34
0.02
0.37
-0.15
0.05
-0.07
0.03
0.10
0.04
0.18
-0.11
0.24
0.00
-0.02
-0.09
0.16
0.00
0.20
0.35
0.29
0.23
0.34
0.15
0.01
0.19
-0.08
0.30
-0.12
0.01
0.26
0.13
0.28
0.34
0.15
0.44
0.05
0.17
0.18
0.07
0.20
0.24
-0.46
-0.22
-0.14
-0.07
0.15
-0.05
-0.19
0.18
0.37
0.13
-0.14
0.06
0.29
0.12
-0.11
0.04
0.24
0.06
Gross private domestic investment.............................................
1.08
-0.11
-0.99
-1.99
-1.05
0.92
0.14
-1.29
-1.20
-1.66
-1.04
-3.91
-8.98
-2.64
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..................
1.57
1.84
0.52
1.32
0.59
0.16
0.07
0.36
-0.06
0.62
0.17
-0.27
-0.32
0.80
0.63
0.17
0.10
0.09
0.07
-0.07
0.34
-0.26
-0.01
-1.12
-0.86
0.49
0.32
0.17
0.34
0.16
0.11
0.06
-0.05
-0.01
-0.11
-1.36
-0.91
0.27
0.05
0.22
0.11
0.01
0.13
-0.03
0.03
0.05
0.03
-1.18
-0.43
0.46
0.50
-0.04
0.46
0.18
0.07
0.22
-0.10
-0.22
-0.18
-0.89
0.59
1.25
0.75
0.51
0.19
0.02
0.12
0.05
0.45
-0.30
0.16
-0.66
-0.04
1.10
0.91
0.19
0.32
0.13
0.11
0.08
-0.03
-0.18
0.08
-1.14
-0.66
0.78
0.42
0.36
0.53
0.20
0.20
0.12
-0.22
0.00
0.05
-1.44
-0.99
0.25
0.27
-0.02
0.39
0.12
0.22
0.05
0.02
-0.27
-0.16
-1.24
-0.41
0.19
0.56
-0.38
0.26
0.03
0.09
0.14
-0.02
-0.58
-0.04
-0.60
-1.30
-0.73
0.00
-0.73
-0.17
-0.19
-0.06
0.07
-0.15
-0.54
0.13
-0.57
-3.28
-2.47
-0.31
-2.15
-0.70
-0.19
-0.17
-0.34
-0.20
-0.87
-0.38
-0.81
-6.62
-5.29
-2.28
-3.01
-0.79
-0.08
-0.47
-0.24
-0.82
-0.92
-0.48
-1.33
-1.82
-0.94
-0.34
-0.59
-0.16
0.02
-0.22
0.03
-0.18
0.14
-0.39
-0.88
Change in private inventories
Farm........................................................................................
Nonfarm..................................................................................
-0.49
0.04
-0.53
0.22
-0.36
0.58
-0.13
0.06
-0.19
-1.08
0.08
-1.15
-0.61
0.27
-0.88
0.32
-0.31
0.64
0.19
0.06
0.13
-0.63
0.03
-0.66
-0.21
-0.29
0.08
-1.25
0.34
-1.59
0.26
-0.09
0.35
-0.64
0.10
-0.74
-2.36
0.05
-2.41
-0.83
0.07
-0.89
0.44
1.64
1.23
0.41
0.02
0.72
0.54
0.18
-0.71
1.94
1.36
2.24
-0.10
0.45
2.64
1.38
0.58
0.48
0.10
1.99
1.11
0.88
1.65
0.97
0.68
0.36
-0.02
0.34
-0.36
2.35
1.84
0.96
0.87
-0.29
0.39
0.23
0.16
0.66
0.06
0.01
0.05
1.47
1.17
0.30
-0.48
-0.17
-0.31
-2.67
-2.50
-0.17
-3.95
-3.41
-0.54
-0.76
-0.68
-0.09
Imports..........................
Goods.........................
Services..................................................................................
-1.20
-0.81
-0.39
-0.70
-0.66
-0.05
-0.78
-0.74
-0.04
0.10
0.35
-0.25
-0.68
-0.67
-0.01
0.08
0.13
-0.05
-0.63
-0.41
-0.22
0.60
0.51
0.08
0.38
0.46
-0.08
0.88
0.67
0.21
0.38
0.55
-0.17
3.12
3.09
0.03
6.58
6.25
0.34
2.14
1.82
0.32
Government consumption expenditures and gross investment
0.75
0.06
0.11
0.21
0.00
0.82
0.75
0.31
0.51
0.71
0.95
0.24
-0.52
1.12
Federal........................................................................................
National defense.....................................................................
Consumption expenditures..................................................
Gross investment................................................................
Nondefense.............................................................................
Consumption expenditures..................................................
Gross investment................................................................
0.79
0.46
0.40
0.06
0.32
0.30
0.02
-0.24
0.05
-0.11
0.15
-0.29
-0.23
-0.07
0.30
0.08
0.22
-0.36
-0.37
-0.31
-0.06
0.01
0.02
-0.01
0.36
0.18
0.18
0.50
0.39
0.24
0.15
0.11
0.08
0.03
0.32
0.21
0.11
0.63
0.46
0.43
0.03
0.17
0.14
0.03
0.11
0.09
0.02
0.19
0.03
0.03
0.00
0.16
0.16
0.00
0.12
0.07
0.05
0.56
0.39
0.27
0.11
0.17
0.18
-0.01
-0.05
0.07
-0.13
0.55
0.34
0.10
0.24
0.21
0.16
0.05
0.15
0.02
0.14
0.93
0.93
0.81
0.13
0.00
-0.02
0.02
0.01
0.08
-0.06
0.49
0.20
0.15
0.05
0.29
0.16
0.13
-0.25
0.04
-0.28
0.82
0.67
0.52
0.15
0.15
0.15
0.00
-0.03
0.02
-0.05
0.08
0.38
0.24
0.14
-0.30
-0.30
0.00
0.14
0.24
-0.10
-0.33
-0.27
-0.22
-0.05
-0.06
0.06
-0.11
State and local...........................................................................
Consumption expenditures......................................................
Gross investment....................................................................
-0.03
-0.09
0.02
-0.11
0.06
0.06
0.01
0.14
0.18
-0.04
-0.19
-0.04
-0.15
0.30
-0.01
0.31
Addenda:
Goods..........................................................................................
Services......................................................................................
Structures....................................................................................
Motor vehicle output....................................................................
Final sales of computers.............................................................
3.17
2.07
0.11
0.43
0.18
0.52
1.20
-0.27
-0.25
0.11
0.03
1.19
-1.12
0.12
0.07
1.94
2.19
-1.18
-0.33
0.13
-0.22
1.65
-0.23
-0.03
0.02
1.64
1.34
0.24
0.17
0.15
1.88
1.92
-0.21
0.10
0.29
1.95
1.17
-1.00
-0.30
0.19
-0.55
0.94
-1.12
-0.64
0.06
0.36
0.96
0.13
-1.08
0.16
-1.91
-0.22
-0.55
-0.15
-0.02
-4.54
0.46
-1.30
-1.41
0.02
-2.19
-0.53
-3.70
-1.69
0.06
-1.08
0.94
-0.88
0.20
-0.04
Net exports of goods and services
Exports..........................
Goods.........................
Services.....................
S “ x la a ryN te a th e do th ta le .
ee E p n to o " t e n f e b s
22
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 2A. Contributions to Percent Change in Real Gross Domestic Product—Continues
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
,2004
I
II
2005
III
IV
I
II
Percent change at annual rate:
Gross domestic product...........................................................
Previously published................................................................
4.4
4.2
4.8
4.5
4.1
3.7
1.1
0.8
1.8
1.6
2.5
2.5
3.6
3.6
3.1
2.9
2.7
2.8
2.1
2.0
0.4
1.1
2.8
3.0
2.9
3.5
3.0
3.6
3.5
2.5
4.1
3.0
1.7
2.6
3.50
3.36
3.68
3.44
3.44
3.17
1.85
1.74
1.85
1.90
1.97
1.94
2.42
2.56
2.34
2.13
1.84
1.95
-0.65
-0.90
-0.17
0.16
-1.18
-1.02
2.68
3.12
1.53
1.73
2.40
2.46
3.23
2.93
2.11
1.25
2.68
2.50
Percentage points at annual rates:
Personal consumption expenditures...........................................
Previously published....................................................................
Gross private domestic investment.............................................
Previously published.........
1.65
1.63
1.50
1.33
1.19
0.99
-1.24
-1.39
-0.22
-0.41
0.55
0.54
1.55
1.48
0.92
0.95
2.01
2.13
0.46
0.35
0.35
0.30
2.79
3.00
0.88
1.26
1.40
1.04
1.47
1.48
-1.23
-0.86
Fixed investment............
Previously published.....
Nonresidential..............
Previously published..
Structures............................................................................
Previously published
Equipment and software......................................................
Previously published.......................................................
Information processing equipment and software..............
Previously published
Computers and peripheral equipment..........................
Previously published................................................
Software......................................................................
Previously published...............................................
Other...........................................................................
Previously published................................................
Industrial equipment........................................................
Previously published...................................................
Transportation equipment................................................
Previously published...................................................
Other equipment...
Previously published...................................................
Residential....................
Previously published..
1.70
1.60
1.38
1.28
0.16
0.16
1.22
1.12
0.86
0.83
0.39
0.38
0.26
0.24
0.21
0.21
0.07
0.06
0.15
0.11
0.14
0.12
0.32
0.32
1.52
1.36
1.24
1.09
0.00
-0.01
1.24
1.11
0.90
0.85
0.37
0.37
0.33
0.30
0.19
0.18
0.01
0.00
0.29
0.25
0.04
0.01
0.28
0.27
1.24
1.09
1.20
1.06
0.24
0.21
0.96
0.85
0.78
0.75
0.21
0.20
0.23
0.20
0.35
0.35
0.14
0.12
-0.04
-0.07
0.08
0.05
0.05
0.03
-0.32
-0.50
-0.35
-0.52
-0.05
-0.07
-0.30
-0.44
-0.02
-0.08
0.02
0.02
0.01
-0.02
-0.06
-0.08
-0.12
-0.14
-0.15
-0.18
-0.01
-0.04
0.03
0.02
-<1.70
-0.84
-0.94
-1.06
-0.58
-0.55
-0.36
-0.51
-0.12
-0.20
0.04
0.04
0.00
-0.04
-0.15
-0.19
-0.10
-0.11
-0.14
-0.16
-0.01
-0.04
0.24
0.22
0.49
0.51
0.10
0.10
-0.10
-0.11
0.20
0.21
0.26
0.22
0.06
0.09
0.12
0.07
0.08
0.05
0.00
0.04
-0.12
-0.12
0.06
0.07
0.40
0.41
1.13
1.10
0.61
0.56
0.03
0.03
0.58
0.53
0.35
0.33
0.08
0.08
0.17
0.14
0.11
0.12
-0.04
-0.04
0.19
0.16
0.08
0.07
0.52
0.53
1.05
1.08
0.69
0.71
0.04
0.03
0.65
0.67
0.27
0.29
0.07
0.10
0.11
0.11
0.09
0.08
0.10
0.10
0.16
0.17
0.12
0.11
0.36
0.37
0.39
0.32
0.84
0.77
0.27
0.23
0.58
0.54
0.31
0.32
0.13
0.15
0.07
0.06
0.10
0.11
0.10
0.07
0.12
0.09
0.05
0.05
-0.45
-0.45
-0.35
-0.50
0.70
0.52
0.49
0.40
0.20
0.13
0.29
0.34
0.11
0.11
0.11
0.15
0.08
0.08
0.06
0.02
-0.14
-0.17
-0.01
-0.07
-1.05
-1.02
-0.81
-0.76
0.19
0.17
0.39
0.39
-0.20
-0.22
0.22
0.18
0.05
0.05
0.11
0.08
0.06
0.05
-0.05
-0.06
-0.35
-0.32
-0.03
-0.02
-1.00
-0.93
-0.12
-0.07
-0.31
-0.28
-0.06
-0.01
-0.25
-0.27
0.05
0.04
-0.06
-0.16
0.09
0.14
0.02
0.05
-0.20
-0.14
-0.05
-0.07
-0.05
-0.10
0.19
0.21
1.93
1.88
1.09
1.00
0.12
0.15
0.97
0.85
0.26
0.15
0.07
0.04
0.05
0.00
0.14
0.12
0.11
0.09
0.48
0.52
0.12
0.09
0.83
0.89
1.36
1.41
1.12
1.16
0.10
0.09
1.02
1.07
0.29
0.24
0.11
0.19
0.21
0.11
-0.04
-0.06
0.15
0.19
0.41
0.43
0.18
0.20
0.24
0.24
1.10
1.14
0.92
1.00
0.01
0.00
0.91
1.01
0.31
0.41
0.14
0.24
0.20
0.17
-0.03
0.00
0.10
0.06
0.40
0.40
0.11
0.13
0.18
0.14
0.81
0.85
0.38
0.37
0.19
0.19
0.19
0.18
0.21
0.23
-0.05
-0.06
0.03
0.07
0.23
0.22
0.12
0.12
-0.22
-0.20
0.08
0.04
0.43
0.48
1.17
1.21
0.61
0.64
-0.04
-0.04
0.65
0.68
0.30
0.31
0.08
0.12
0.17
0.16
0.04
0.03
-0.06
-0.04
0.19
0.24
0.23
0.17
0.56
0.57
Change in private inventories
Previously published
Farm.............................
Previously published..
Nonfarm........................
Previously published..
-0.05
0.03
-0.02
-0.02
-0.03
0.05
-0.02
-0.03
-0.05
-0.05
0.03
0.02
-0.05
-0.10
0.01
0.02
-0.07
-0.12
-0.92
-0.88
0.02
0.02
-0.93
-0.90
0.48
0.43
-0.02
-0.02
0.50
0.45
0.06
0.04
0.03
0.03
0.03
0.00
0.42
0.39
0.07
0.06
0.35
0.32
-0.13
-0.13
-0.07
-0.06
-0.06
-0.07
0.07
0.03
-0.03
-0.03
0.10
0.06
-0.30
-0.40
0.03
0.04
-0.33
-0.44
-0.37
-0.26
-0.04
0.02
-0.33
-0.28
0.46
0.37
0.20
0.28
0.27
0.08
0.87
1.12
0.50
0.37
0.37
0.75
-0.48
-0.14
-0.34
-0.32
-0.14
0.18
0.30
-0.11
-0.11
-0.14
0.40
0.03
0.66
0.63
-0.35
-0.22
1.00
0.85
-2.39
-2.07
0.23
0.14
-2.63
-2.20
Net exports of goods and services
Previously published.........
-1.18
-1.16
-0.99
-0.99
-0.85
-0.86
-0.20
-0.20
-0.65
-0.69
-0.45
-0.44
-0.66
-0.68
-0.27
-0.21
-0.05
-0.02
0.63
0.58
-0.54
-0.75
-1.73
-1.50
-0.59
-0.42
-0.65
-1.07
0.39
0.28
0.19
0.79
Exports............................
Previously published.....
Goods...........................
Previously published............................................................
Services..................................................................................
Previously published............................................................
0.26
0.27
0.18
0.18
0.08
0.09
0.47
0.47
0.29
0.29
0.18
0.18
0.91
0.93
0.82
0.84
0.08
0.09
-0.61
-0.60
-0.48
-0.48
-0.13
-0.12
-0.20
-0.23
-0.25
-0.28
0.05
0.06
0.15
0.12
0.12
0.12
0.03
0.00
0.89
0.93
0.55
0.60
0.34
0.33
0.67
0.71
0.52
0.54
0.15
0.17
0.93
0.96
0.68
0.73
0.25
0.23
0.96
0.95
0.57
0.59
0.39
0.36
1.20
1.40
0.64
0.76
0.48
0.51
0.16
0.25
0.91
0.95
0.43
0.49
0.48
0.46
0.29
0.31
0.34
0.42
-0.05
-0.11
0.90
0.97
0.43
0.49
0.47
0.49
Imports.................
Previously published................................................................
Goods......................................................................................
Previously published............................................................
Services..................................................................................
Previously published............................................................
-1.43
-1.43
-1.21
-1.20
-0.22
-0.23
-1.76
-1.79
-1.52
-1.55
-0.24
-0.25
-0.60
-0.56
-0.55
-0.56
-0.04
0.00
0.42
0.47
-1.55
-1.61
-1.29
-1.33
-0.26
-0.27
-0.94
-0.93
-0.87
-0.89
-0.07
-0.04
-0.98
-0.98
-0.80
-0.82
-0.18
-0.16
0.56
0.64
0.58
0.65
-0.02
-0.01
-1.45
-1.70
-1.13
-1.32
-0.32
-0.37
-0.88
-0.73
-0.82
-0.69
-0.06
-0.05
-1.56
-2.04
-1.33
-1.78
-0.23
-0.26
0.26
0.27
0.06
0.07
0.26
0.32
-0.33
-0.37
-0.24
-0.25
-0.09
-0.12
0.32
0.40
0.59
0.57
0.36
0.29
0.28
0.25
0.28
0.30
-0.46
-0.35
0.08
-0.04
0.08
0.17
-0.07
-0.07
-0.09
-0.09
-0.10
-0.09
0.01
0.01
0.02
0.02
-0.02
-0.02
0.03
0.04
0.12
0.14
0.07
0.08
0.05
0.05
0.02
0.02
0.04
0.06
0.01
0.04
0.03
0.02
0.03
0.05
-0.02
-0.02
-0.03
-0.03
0.01
0.01
0.05
0.07
0.08
0.10
-0.03
-0.03
-0.46
-0.46
-0.42
-0.41
-0.04
-0.05
0.84
0.80
0.44
0.43
0.28
0.29
0.22
0.23
0.06
0.06
0.15
0.14
0.13
0.12
0.03
0.02
0.87
0.89
0.92
0.98
-0.05
-0.09
-0.68
-0.10
-0.62
-0.10
-0.06
0.00
0.38
0.34
0.41
0.40
0.39
0.39
0.02
0.01
0.67
0.60
0.24
0.23
0.14
0.15
0.12
0.13
0.02
0.02
0.09
0.08
0.10
0.08
0.00
0.00
0.75
0.80
0.57
0.49
0.18
0.31
-0.36
-0.52
-0.45
-0.67
0.10
0.15
Government consumption expenditures and gross investment
Previously published....................................................................
Federal........................................................................................
Previously published
..........................................................
National defense...........
Previously published..
Consumption expenditures..................................................
Previously published.......................................................
Gross investment.....
Previously published.......................................................
Nondefense..................
Previously published............................................................
Consumption expenditures..................................................
Previously published.......................................................
Gross investment.,
Previously published.......................................................
-1.45
-1.46
-1.31
-1.31
-0.14
-0.15
0.63
0.67
0.61
0.64
0.45
0.48
0.16
0.16
-2.34
-2.14
-2.12
-1.92
-0.22
-0.21
0.43
0.44
0.36
0.37
0.31
0.32
0.05
0.05
0.07
0.08
0.06
0.07
0.00
0.01
0.28
0.29
0.26
0.27
0.21
0.21
0.05
0.06
0.02
0.03
0.03
0.02
0.00
0.00
0.09
0.09
0.07
0.07
0.04
0.04
0.03
0.03
0.02
0.01
0.01
0.00
0.01
0.01
0.15
0.16
0.07
0.08
0.03
0.04
0.04
0.04
0.07
0.08
0.05
0.05
0.02
0.03
0.09
0.11
0.10
0.12
0.07
0.11
0.04
0.01
-0.01
0.00
-0.02
0.00
0.00
0.00
0.53
0.43
0.37
0.35
0.27
0.27
0.10
0.08
0.16
0.08
0.14
0.06
0.02
0.02
0.35
0.41
0.27
0.36
0.27
0.35
0.00
0.01
0.08
0.06
0.10
0.07
-0.01
-0.02
0.16
0.17
0.09
0.09
0.05
0.03
0.05
0.06
0.06
0.08
0.02
0.03
0.04
0.05
0.48
0.43
0.54
0.49
0.38
0.34
0.16
0.15
-0.05
-0.06
-0.03
-0.04
-0.02
-0.03
-0.34
-0.33
-0.47
-0.48
-0.41
-0.45
-0.06
-0.04
0.13
0.15
0.13
0.12
-0.01
0.03
0.12
0.08
0.17
0.14
0.21
0.22
-0.05
-0.08
-0.05
-0.07
-0.05
-0.03
0.00
-0.03
0.02
0.08
0.14
0.18
0.03
0.06
0.11
0.12
-0.12
-0.11
-0.12
-0.12
0.00
0.01
State and local...........................................................................
Previously published.....
Consumption expenditures......................................................
Previously published..
Gross investment..........
Previously published.......................................................
0.45
0.41
0.38
0.35
0.06
0.06
0.51
0.54
0.34
0.36
0.17
0.18
0.33
0.31
0.21
0.18
0.12
0.13
0.43
0.37
0.32
0.24
0.11
0.13
0.40
0.37
0.32
0.29
0.08
0.08
-0.01
0.02
-0.03
0.00
0.02
0.02
-0.02
-0.02
0.00
0.01
-0.02
-0.03
-0.03
-0.01
0.04
0.01
-0.07
-0.03
0.11
0.16
0.07
0.16
0.04
0.00
0.23
0.28
0.17
0.20
0.06
0.09
0.06
0.14
0.07
0.13
-0.01
0.01
0.01
-0.12
0.06
-0.04
-0.05
-0.08
0.12
0.09
0.04
0.02
0.08
0.07
-0.20
-0.13
0.00
0.04
-0.20
-0.17
-0.11
-0.01
0.06
0.11
-0.18
-0.12
-0.04
-0.12
0.04
-0.13
-0.07
0.01
0.06
0.10
0.02
0.02
0.04
0.08
Addenda:
Goods..........................................................................................
Previously published................................................................
Services................
Previously published................................................................
Structures..............
Previously published
Motor vehicle output....................................................................
Previously published................................................................
Final sales of computers.............................................................
Previously published................................................................
1.86
1.95
2.02
1.75
0.47
0.47
0.31
0.29
0.42
0.43
2.23
2.05
2.22
2.04
0.38
0.36
0.37
0.35
0.41
0.42
1.54
1.46
2.26
1.90
0.34
0.30
-0.06
-0.07
0.30
0.31
-0.50
-0.59
1.51
1.30
0.07
0.04
-0.16
-0.17
0.13
0.14
0.51
0.41
1.54
1.43
-0.24
-0.24
0.39
0.39
0.03
0.03
0.98
1.00
1.19
1.20
0.31
0.31
0.04
0.05
0.12
0.15
1.44
1.50
1.65
1.62
0.49
0.51
0.14
0.14
0.03
0.04
1.22
1.35
1.54
1.25
0.30
0.34
0.13
0.13
0.11
0.15
1.40
1.67
1.45
1.35
-0.18
-0.24
-0.04
-0.03
0.14
0.15
1.01
0.97
1.61
1.61
-0.49
-0.55
-0.04
-0.03
0.13
0.13
0.11
0.31
0.94
1.32
-0.61
-0.52
-0.52
-0.50
0.12
0.12
0.51
0.68
2.28
2.17
0.06
0.10
0.11
0.29
-0.18
-0.28
0.71
1.10
1.15
1.27
1.00
1.11
-0.21
-0.21
0.00
-0.04
1.40
2.06
1.49
1.40
0.09
0.14
0.61
0.87
0.04
0.13
1.58
1.18
2.03
1.41
-0.10
-0.03
-0.04
-0.34
0.18
0.29
1.85
1.12
1.64
1.24
0.57
0.62
0.04
0.15
0.05
0.06
0.09
1.49
1.14
0.59
0.48
0.54
0.21
0.24
0.18
0.22
0.36
0.36
Note. Comparisons of the revised estimates for components of personal consumption expenditures (PCE) with the
previously published estimates are not shown because the composition of these components changed as part of the new
classification system that was adopted for PCE. Seetext.
See “Explanatory Note" at the end of the tables.
August 2009
Su r v e y
of
23
C u r r e n t B usin ess
Table 2A. Contributions to Percent Change in Real Gross Domestic Product—Table Ends
Seasonally adjusted at annual rates
1
IV
III
III
II
IV
II
I
2009
2008
2007
2006
2005
IV
III
I
II
III
IV
I
Percent change at annual rate:
3.1
3.8
2.1
1.3
5.4
4.8
1.4
2.7
0.1
0.8
3.0
1.5
1.2
0.1
3.2
4.8
3.6
4.8
2.1
-0.2
-0.7
0.9
1.5
2.8
-2.7
-0.5
-5.4
-6.3
-6.4
-5.5
Personal consumption expenditures..........................................
Previously published....................................................................
1.99
2.59
0.71
0.94
3.08
2.86
1.48
1.88
1.70
1.52
2.79
2.55
2.54
2.71
0.81
1.42
1.35
1.44
0.86
0.67
-0.39
0.61
0.06
0.87
-2.49
-2.75
-2.15
-2.99
0.44
0.95
Gross private domestic investment.............................................
Previously published....................................................................
0.76
0.69
2.46
1.98
1.08
1.15
-0.11
-0.02
-0.99
-0.92
-1.99
-2.68
-1.05
-1.63
0.92
0.94
0.14
0.54
-1.29
-1.93
-1.20
-0.89
-1.66
-1.74
-1.04
0.06
-3.91
-3.47
-8.98
-8.20
Fixed investment.......................................................................
Previously published
Nonresidential..
Previously published
Structures .......................................................................
Previously published.......................................................
Equipment and software.....................................................
Previously published.......................................................
Information processing equipment and software.............
Previously published...................................................
Computers and peripheral equipment.........................
Previously published...............................................
Software......................................................................
Previously published...............................................
Other....
Previously published...............................................
Industrial equipment
Previously published...................................................
Transportation equipment................................................
Previously published...................................................
Other equipment
Previously published...................................................
Residential.............................................................................
Previously published...........................................................
0.86
0.88
0.61
0.64
-0.24
-0.26
0.84
0.90
0.33
0.36
0.11
0.09
0.04
0.04
0.17
0.23
0.20
0.19
0.31
0.31
0.01
0.04
0.25
0.25
0.25
0.41
0.25
0.40
0.07
0.05
0.18
0.35
0.15
0.33
0.18
0.22
0.01
0.10
-0.04
0.02
0.20
0.19
-0.22
-0.24
0.04
0.07
0.01
0.01
1.57
1.39
1.84
1.62
0.52
0.42
1.32
1.20
0.59
0.61
0.16
0.16
0.07
0.03
0.36
0.41
-0.06
-0.07
0.62
0.52
0.17
0.15
-0.27
-0.23
-0.32
-0.40
0.80
0.71
0.63
0.54
0.17
0.16
0.10
0.15
0.09
0.17
0.07
0.02
-0.07
-0.04
0.34
0.25
-0.26
-0.25
-0.01
0.02
-1.12
-1.11
-0.86
-0.81
0.49
0.59
0.32
0.42
0.17
0.17
0.34
0.34
0.16
0.13
0.11
0.07
0.06
0.14
-0.05
-0.12
-0.01
0.06
-0.11
-0.12
-1.36
-1.40
-0.91
-1.27
0.27
-0.09
0.05
0.08
0.22
-0.18
0.11
0.04
0.01
0.02
0.13
0.14
-0.03
-0.11
0.03
-0.02
0.05
-0.15
0.03
-0.05
-1.18
-1.18
-0.43
-0.57
0.46
0.33
0.50
0.35
-0.04
-0.02
0.46
0.57
0.18
0.17
0.07
0.21
0.22
0.19
-0.10
-0.10
-0.22
-0.21
-0.18
-0.28
-0.89
-0.91
0.59
0.47
1.25
1.07
0.75
0.57
0.51
0.50
0.19
0.41
0.02
0.09
0.12
0.22
0.05
0.09
0.45
0.34
-0.30
-0.32
0.16
0.07
-0.66
-0.60
-0.04
-0.15
1.10
0.91
0.91
0.65
0.19
0.26
0.32
0.31
0.13
0.12
0.11
0.10
0.08
0.09
-0.03
-0.04
-0.18
-0.07
0.08
0.06
-1.14
-1.06
-0.66
-0.97
0.78
0.36
0.42
0.29
0.36
0.07
0.53
0.37
0.20
0.12
0.20
0.16
0.12
0.10
-0.22
-0.20
0.00
-0.18
0.05
0.08
-1.44
-1.33
-0.99
-0.86
0.25
0.26
0.27
0.30
-0.02
-0.04
0.39
0.27
0.12
0.10
0.22
0.16
0.05
0.00
0.02
0.01
-0.27
-0.16
-0.16
-0.16
-1.24
-1.12
-0.41
-0.25
0.19
0.27
0.56
0.64
-0.38
-0.37
0.26
0.30
0.03
0.08
0.09
0.04
0.14
0.18
-0.02
-0.05
-0.58
-0.58
-0.04
-0.04
-0.60
-0.52
-1.30
-0.79
-0.73
-0.19
0.00
0.36
-0.73
-0.55
-0.17
-0.16
-0.19
-0.16
-0.06
-0.08
0.07
0.08
-0.15
-0.12
-0.54
-0.47
0.13
0.20
-0.57
-0.60
-3.28
-3.36
-2.47
-2.56
-0.31
-0.38
-2.15
-2.18
-0.70
-0.92
-0.19
-0.28
-0.17
-0.23
-0.34
-0.42
-0.20
-0.19
-0.87
-0.75
-0.38
-0.31
-0.81
-0.80
-6.62
-5.99
-5.29
-4.59
-2.28
-2.05
-3.01
-2.54
-0.79
-0.70
-0.08
-0.06
-0.47
-0.38
-0.24
-0.26
-0.82
-0.72
-0.92
-0.66
-0.48
-0.46
-1.33
-1.40
Change in private inventories..................................................
Previously published...............................................................
Farm........................................................................................
Previously published...........................................................
Nonfarm..................................................................................
Previously published...........................................................
-0.09
-0.19
0.14
0.19
-0.23
-0.39
2.21
1.56
-0.06
-0.15
2.27
1.71
-0.49
-0.24
0.04
0.02
-0.53
-0.26
0.22
0.38
-0.36
-0.24
0.58
0.62
-0.13
-0.11
0.06
0.00
-0.19
-0.12
-1.08
-1.41
0.08
0.12
-1.15
-1.52
-0.61
-1.06
0.27
-0.07
-0.88
-0.99
0.32
0.47
-0.31
0.14
0.64
0.33
0.19
0.69
0.06
-0.08
0.13
0.77
-0.63
-0.96
0.03
0.47
-0.66
-1.43
-0.21
-0.02
-0.29
-0.17
0.08
0.15
-1.25
-1.50
0.34
-0.14
-1.59
-1.36
0.26
0.84
-0.09
0.01
0.35
0.83
-0.64
-0.11
0.10
0.06
-0.74
-0.17
-2.36
-2.20
0.05
0.05
-2.41
-2.25
Net exports of goods and services..............................................
Previously published....................................................................
-0.36
-0.07
-0.74
-1.26
0.44
0.09
0.02
0.59
-0.71
-0.12
1.94
1.33
-0.29
-1.20
0.66
1.66
1.36
2.03
2.24
0.94
0.36
0.77
2.35
2.93
-0.10
1.05
0.45
-0.15
2.64
2.39
Exports.......................................................................................
Previously published...............................................................
Goods......................................................................................
Previously published...........................................................
Services..................................................................................
Previously published...........................................................
0.01
0.04
-0.08
-0.06
0.09
0.10
1.03
1.09
0.81
0.91
0.23
0.18
1.64
1.70
1.23
1.27
0.41
0.42
0.72
0.58
0.54
0.49
0.18
0.09
0.06
0.39
0.01
0.28
0.05
0.11
1.84
1.66
0.96
0.78
0.87
0.87
0.39
0.06
0.23
0.15
0.16
-0.09
0.58
1.01
0.48
0.55
0.10
0.46
1.99
2.54
1.11
1.66
0.88
0.88
1.65
0.53
0.97
0.43
0.68
0.10
-0.02
0.63
0.34
0.39
-0.36
0.24
1.47
1.54
1.17
1.39
0.30
0.15
-0.48
0.40
-0.17
0.34
-0.31
0.06
-2.67
-3.44
-2.50
-3.38
-0.17
-0.06
-3.95
-4.16
-3.41
-3.69
-0.54
-0.47
Imports.......................................................................................
Previously published...............................................................
Goods......................................................................................
Previously published...........................................................
Services..................................................................................
Previously published...........................................................
-0.37
-0.11
-0.34
-0.14
-0.03
0.03
-1.78
-2.35
-1.55
-2.18
-0.23
-0.17
-1.20
-1.61
-0.81
-1.18
-0.39
-0.43
-0.70
0.01
-0.66
-0.04
-0.05
0.05
-0.78
-0.51
-0.74
-0.51
-0.04
0.01
0.10
-0.33
0.35
0.13
-0.25
-0.46
-0.68
-1.25
-0.67
-1.14
-0.01
-0.11
0.08
0.65
0.13
0.59
-0.05
0.06
-0.63
-0.51
-0.41
-0.34
-0.22
-0.17
0.60
0.40
0.51
0.38
0.08
0.02
0.38
0.14
0.46
0.29
-0.08
-0.15
0.88
1.39
0.67
1.14
0.21
0.25
0.38
0.65
0.55
0.74
-0.17
-0.09
3.12
3.29
3.09
3.09
0.03
0.20
6.58
6.55
6.25
6.25
0.34
0.29
Government consumption expenditures and gross investment
Previously published....................................................................
0.68
0.65
-0.34
-0.34
0.75
0.72
0.06
0.23
0.11
0.32
0.21
0.30
0.00
0.17
0.82
0.77
0.75
0.75
0.31
0.16
0.51
0.38
0.71
0.78
0.95
1.14
0.24
0.26
-0.52
-0.63
0.79
0.66
0.46
0.39
0.40
0.40
0.06
-0.01
0.32
0.27
0.30
0.22
0.02
0.05
-0.24
-0.11
0.05
0.09
-0.11
-0.02
0.15
0.11
-0.29
-0.20
-0.23
-0.14
-0.07
-0.07
0.63
0.51
0.46
0.48
0.43
0.45
0.03
0.03
0.17
0.03
0.14
0.03
0.03
-0.01
0.19
-0.04
0.03
-0.04
0.03
-0.06
0.00
0.02
0.16
0.01
0.16
-0.02
0.00
0.02
0.93
0.97
0.93
0.85
0.81
0.72
0.13
0.14
0.00
0.12
-0.02
0.11
0.02
0.00
-0.33
-0.35
-0.27
-0.37
-0.22
-0.27
-0.05
-0.10
-0.06
0.02
0.06
0.12
-0.11
-0.11
-0.03
0.06
0.02
0.23
-0.05
-0.18
0.11
0.24
0.09
0.15
0.02
0.09
0.12
0.19
0.07
0.15
0.05
0.04
0.56
0.41
0.39
0.34
0.27
0.31
0.11
0.04
0.17
0.06
0.18
0.06
-0.01
0,01
-0.05
-0.03
0.07
0.14
-0.13
-0.18
0.55
0.47
0.34
0.36
0.10
0.15
0.24
0.21
0.21
0.11
0.16
0.08
0.05
0.03
0.15
0.31
0.02
0.12
0.14
0.19
0.49
0.52
0.20
0.18
0.15
0.17
0.05
0.01
0.29
0.34
0.16
0.21
0.13
0.14
State and local..............
Previously published...
Consumption expenditures
Previously published
Gross investment ....
Previously published...........................................................
0.65
0.66
0.50
0.56
0.42
0.45
0.08
0.11
0.15
0.10
0.06
0.03
0.08
0.07
0.04
-0.01
0.10
0.06
-0.06
-0.07
-0.47
-0.53
-0.72
-0.73
-0.65
-0.70
-0.07
-0.02
0.25
0.20
0.15
0.10
0.10
0.10
0.13
0.19
-0.01
0.09
0.14
0.10
0.01
0.17
0.08
0.11
-0.06
0.06
-0.25
-0.25
0.04
0.00
-0.28
-0.25
-0.19
-0.28
-0.04
-0.06
-0.15
-0.22
Addenda:
Goods..........................................................................................
Previously published...............................................................
Services.............
Previously published...............................................................
Structures...........
Previously published
Motor vehicle output....................................................................
Previously published
Final sales of computers
Previously published...............................................................
1.22
1.68
1.89
2.23
-0.03
-0.06
0.72
0.76
0.10
0.07
1.41
0.65
0.49
0.52
0.19
0.15
-1.03
-1.22
0.19
0.21
3.17
3.40
2.07
1.48
0.11
-0.07
0.43
0.59
0.18
0.16
1.88
2.71
1.92
2.35
-0.21
-0.30
0.10
0.47
0.29
0.28
1.95
0.01
1.17
0.79
-1.00
-0.97
-0.30
-0.86
0.19
0.14
-0.55
0.29
0.94
1.62
-1.12
-1.03
-0.64
-0.41
0.06
0.05
0.36
1.49
0.96
1.02
0.13
0.32
-1.08
-1.01
0.16
0.17
-1.91
-1.29
-0.22
0.87
-0.55
-0.09
-0.15
0.16
-0.02
-0.01
-4.54
-6.16
0.46
1.17
-1.30
-1.35
-1.41
-2.01
0.02
-0.02
-2.19
-1.87
-0.53
0.02
-3.70
-3.64
-1.69
-1.26
0.06
0.09
Gross domestic product...........................................................
Previously published...............................................................
Percentage points at annual rates:
Federal........................................................................................
Previously published...............................................................
National defense.....................................................................
Previously published...........................................................
Consumption expenditures..................................................
Previously published.......................................................
Gross investment....
Previously published.......................................................
Nondefense................
Previously published
Consumption expenditures..................................................
Previously published
Gross investment ....
Previously published
0.08
0.12
0.38
0.32
0.24
0.14
0.14
0.18
-0.30
-0.20
-0.30
-0.20
0.00
0.01
0.14
0.18
0.24
0.23
-0.10
-0.06
-0.36
-0.26
-0.37
-0.29
-0.31
-0.08
-0.06
-0.21
0.01
0.03
0.02
0.06
-0.01
-0.04
0.30
0.34
0.08
0.16
0.22
0.18
-0.03
0.13
-0.09
-0.04
0.02
0.00
-0.11
-0.05
0.06
0.17
0.06
0.15
0.01
0.03
0.14
0.19
0.18
0.24
-0.04
-0.05
0.36
0.43
0.18
0.20
0.18
0.24
0.50
0.47
0.39
0.40
0.24
0.28
0.15
0.12
0.11
0.07
0.08
0.02
0.03
0.05
0.32
0.30
0.21
0.17
0.11
0.13
0.52
1.84
1.20
1.26
-0.27
-0.42
-0.25
-0.34
0.11
0.15
0.03
0.51
1.19
1.29
-1.12
-1.00
0.12
0.40
0.07
0.04
1.94
0.42
2.19
2.19
-1.18
-1.10
-0.33
-0.65
0.13
0.20
-0.22
-0.80
1.65
1.26
-0.23
-0.41
-0.03
0.10
0.02
-0.03
1.64
3.08
1.34
1.61
0.24
0.09
0.17
0.13
0.15
0.21
Note. Comparisons of the revised estimates for components of personal consumption expenditures (PCE) with the
previously published estimates are not shown because the composition of these components changed as part of the new
classification system that was adopted for PCE. See text,
See “Explanatory Note” at the end of the tables.
24
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 3A. Gross Domestic Product and Related Measures—Continues
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2004
2008
I
Gross domestic product....................................
8,793.5
9,353.5
Personal consumption expenditures........................
5,918.5
6,342.8
Goods.................................
Durable goods..................
Motor vehicles and parts
Furnishings and durable household equipment
Recreational goods and vehicles.....................
Other durable goods........................................
Nondurable goods...............................................
Food and beverages purchased for offpremises consumption................................
Clothing and footwear......................................
Gasoline and other energy goods....................
Other nondurable goods...................................
2,110.0
780.0
320.2
173.6
192.1
94.2
1,330.0
2,290.0
857.4
350.7
191.2
212.7
102.7
1,432.6
486.5
257.8
133.4
452.3
513.6
271.1
148.8
499.2
Services..................................................................
Household consumption expenditures (for
services)..........................................................
Housing and utilities.........................................
Health care......................................................
Transportation services...................................
Recreation services..........................................
Food services and accommodations................
Financial services and insurance.....................
Other services.................................................
Final consumption expenditures of nonprofit
institutions serving households........................
Gross output of nonprofit institutions................
Less: Receipts from sales of goods and
services by nonprofit institutions..................
II
2005
III
IV
I
II
9,951.5 10,286.2 10,642.3 11,142.1 11,867.8 12,638.4 13,398.9 14,077.6 14,441.4 11,597.2 11,778.4 11,950.5 12,144.9 12,379.5 12,516.8
6,830.4 7,148.8 7,439.2 7,804.0 8,285.1 8,819.0 9,322.7 9,826.4 10,129.9 8,105.3 8,209.4 8,330.7 8,494.9 8,609.6 8,747.2
2,459.1 2,534.0 2,610.0 2,727.4 2,892.3 3,073.9 3,221.7 3,365.0 3,403.2 2,835.0 2,862.8 2,899.4 2,971.8 2,997.4 3,047.3
915.8
946.3
992.1 1,014.8 1,061.6 1,105.5 1,133.0 1,160.5 1,095.2 1,045.9 1,052.3 1,065.0 1,083.1 1,089.2 1,117.9
363.2
404.7
383.3
401.3
401.5
397.1
409.6
400.3
400.8
342.3
400.7
404.3
413.3
408.6
425.1
249.2
208.1
214.9
225.9
233.3
263.9
276.5
279.8
270.1
244.1
246.9
251.0
254.7
257.4
262.5
234.1
239.8
251.5
262.6
284.3
303.4
323.4
337.7
278.2
286.7
339.9
281.7
290.6
296.7
302.3
110.4
108.4
113.4
117.4
123.4
142.7
128.6
136.0
142.8
122.8
124.7
123.0
123.1
128.0
126.5
1,543.4 1,587.7 1,617.9 1,712.6 1,830.7 1,968.4 2,088.7 2,204.5 2,308.0 1,789.2 1,810.5 1,834.4 1,888.7 1,908.1 1,929.4
537.5
280.8
188.8
536.2
559.7
277.9
183.6
566.5
569.6
278.8
174.6
594.9
593.1
287.0
209.6
622.9
628.2
300.0
249.9
652.6
665.0
315.5
304.8
683.0
698.0
330.1
336.9
723.7
740.1
341.2
368.0
755.2
784.3
337.5
413.0
773.2
616.1
298.7
234.9
639.5
623.7
296.6
241.1
649.1
629.9
299.6
247.9
657.0
643.0
305.2
275.8
664.7
650.1
309.7
276.9
671.5
659.0
315.6
275.8
678.9
3,808.5
4,052.8
4,371.2
4,614.8
4,829.2
5,076.6
5,392.8
5,745.1
6,100.9
6,461.4
6,726.8
5,270.3
5,346.6
5,431.3
5,523.1
5,612.3
5,699.9
3,677.5
1,065.2
832.0
227.2
220.6
363.0
469.6
499.8
3,907.4
1,125.0
863.6
243.3
238.8
381.6
514.2
540,9
4,205.9
1,198.6
918.4
262.3
255.5
410.1
570.0
591.1
4,428.6
1,287.7
996.6
262.7
263.6
421.2
562.8
634.0
4,624.2
1,334.8
1,082.9
256.7
272.8
438.2
576.2
662.7
4,864.8
1,393.8
1,149.3
263.1
289.5
462.8
601.8
704.6
5,182.8
1,462.2
1,229.7
273.2
312.0
492.9
667.5
745.3
5,531.0
1,582.8
1,316.0
285.9
326.8
525.3
712.6
781.6
5,860.6
1,686.0
1,380.7
297.0
348.8
559.7
752.4
836.0
6,207.9
1,763.1
1,469.6
307.4
371.7
587.9
824.2
884.0
6,448.0
1,843.7
1,554.2
307.8
383.1
608.7
835.6
915.0
5,060.8
1,429.7
1,195.6
269.9
305.6
483.3
646.4
730.2
5,136.8
1,448.7
1,218.6
271.3
310.8
488.5
658.9
740.1
5,220.9
1,468.8
1,242.8
274.0
314.3
495.7
672.6
752.6
5,312.7
1,501.7
1,261.9
277.7
317.1
504.2
692.0
758.2
5,402.8
1,532.2
1,289.8
280.4
322.2
511.6
696.8
769.9
5,489.2
1,566.1
1,305.7
283.8
324.0
522.8
710.4
776.3
131.0
550.5
145.4
585.3
165.4
632.0
186.2
688.0
205.0
749.7
211.8
785.8
210.0
827.7
214.1
874.6
240.4
933.6
253.5
987.5
278.7
1,049.4
209.5
807.8
209.8
821.2
210.3
836.0
210.4
845.8
209.5
858.2
210.7
865.2
419.6
439.9
1,641.5
466.6
1,772.2
501.8
544.7
574.0
617.7
660.6
693.3
734.0
770.7
598.3
1,647.0
1,729.7
1,968.6
2,172.2
2,327.2
2,288.5
2,136.1
1,853.6
611.5
1,956.0
625.6
2,001.3
635.4
1,661.9
2,063.2
648.7
2,130.7
2,115.2
1,580.7
1,154.9
283.9
871.0
1,717.7
1,268.7
318.1
950.5
1,700.2
1,227.8
329.7
898.1
1,634.9
1,125.4
282.8
842.7
1,713.3
1,135.7
281.9
853.8
1,903.6
1,223.0
306.7
916.4
2,122.3
1,347.3
351.8
995.6
2,267.2
1,505.3
433.7
1,071.7
2,269.1
1,640.2
535.4
1,104.8
2,170.8
1,693.6
609.5
1,084.1
1,802.2
1,164.6
290.8
873.8
1,880.0
1,204.4
300.9
903.5
1,940.6
1,244.0
312.4
931.5
1,991.8
1,279.1
322.4
956.7
2,040.0
1,305.2
338.4
966.8
2,099.4
1,334.9
346.5
988.4
366.1
87.9
126.0
152.2
147.4
147.1
125.4
385.9
417.1
97.2
157.3
162.5
149.1
174.4
130.4
425.8
478.2
103.2
184.5
190.6
162.9
170.8
138.6
449.0
452.5
87.6
186.6
178.4
151.9
154.2
139.5
472.4
419.8
79.7
183.0
157.0
141.7
141.6
139.6
509.5
430.9
77.6
191,3
162.0
142.6
132.9
147.5
577.6
455.3
80.2
205.7
169.4
142.0
161.1
157.9
680.6
475.3
78.9
218.0
178.4
159.6
181.7
178.9
775.0
505.2
84.9
229.8
190.6
178.4
198.2
189.8
761.9
537.4
89.2
245.6
202.5
193.2
181.7
192.6
629.0
562.9
86.7
264.1
212.1
193.8
132.3
195.1
477.2
447.8
78.5
201.1
168.2
134.9
141.2
149.9
637.6
452.4
79.3
201.8
171.3
139.4
156.6
155.2
675.6
458.3
80.5
208.0
169.8
144.8
167.4
161.0
696.6
462.7
82.5
211.8
168.4
149.0
179.3
165.6
712.6
466.8
77.9
213.5
175.4
154.3
174.8
170.9
734.8
473.0
77.8
218.8
176.3
154.2
181.1
180.1
764.5
Change in private inventories...............................
Farm....................................................................
Nonfarm...............................................................
63.7
1.3
62.5
60.8
-2.7
63.5
54.5
-1.4
55.9
-38.3
0.0
-38.3
12.0
-2.5
14.5
16.4
0.1
16.3
64.9
8.8
56.1
60.0
-3.6
63.6
19.4
-0.6
20.0
-34.8
-7.1
-27.7
51.4
4.4
46.9
76.0
18.4
57.6
60.8
7.7
53.1
71.5
4.7
66.8
90.7
-6.5
97.2
15.9
0.3
15.5
Net exports of goods and services...........................
-161.8
-262.1
-382.1
-371.0
-427.2
-504.1
-618.7
50.0
0.1
49.8
-722.7
-769.3
-713.8
-707.8
-546.3
-606.1
-635.9
-686.5
-677.4
-690.2
Exports...................................................................
Goods..................................................................
Services..............................................................
989.3
697.2
292.1
1,251.4
1,047.7
203.7
1,093.2
784.3
308.9
1,041.0
726.8
314.2
1,180.2
817.0
363.2
1,305.1
906.1
399.0
1,471.0
1,024.4
446.6
1,655.9
1,139.4
516.5
1,831.1
1,266.9
564.2
1,138.8
787.1
351.7
1,225.9
845.4
380.5
1,262.4
871.6
390.7
1,298.5
906.0
392.4
1,430.2
1,193.9
236.3
1,545.1
1,289.3
255.9
1,798.9
1,501.7
297.3
2,027.8
1,708.0
319.8
2,240.3
1,884.9
355.4
2,369.7
1,987.7
382.1
2,538.9
2,126.4
412.4
1,685.1
1,401.1
284.0
1,170.8
811.3
359.5
1,776.9
1,483.0
293.9
1,185.4
824.1
361.3
1,475.3
1,246.5
228.8
1,027.7
731.2
296.5
1,398.7
1,171.7
227.0
1,003.0
700.3
302.7
Imports...................................................................
Goods..................................................................
Services..............................................................
953.9
680.9
273.0
1,115.7
930.8
184.9
1,821.3
1,521.4
299.9
1,912.4
1,601.2
311.2
1,939.8
1,628.9
310.9
1,988.7
1,671.7
317.0
Government consumption expenditures and gross
investment..............................................................
1,526.1
1,631.3
1,731.0
1,846.4
1,983.3
2,112.6
2,232.8
2,369.9
2,518.4
2,184.5
2,219.0
2,254.4
2,273.3
2,316.5
2,344.6
531.0
346.1
300.3
45.8
184.9
154.3
30.7
554.9
361.1
313.0
48.2
193.8
160.3
33.4
576.1
371.0
321.8
49.2
205.0
174.2
30.9
680.6
437.7
380.7
57.0
242.9
209.8
33.1
756.5
497.9
435.2
62.8
258.5
225.1
33.5
824.6
550.8
481.2
69.6
273.9
240.2
33.7
876.3
589.0
514.8
74.2
287.3
251.0
36.3
931.7
624.9
543.9
81.0
306.8
267.1
39.7
1,082.6
737.9
634.0
103.9
344.7
300.4
44.3
805.1
535.9
470.2
65.8
269.2
236.2
33.0
819.9
545.6
477.7
67.9
274.2
240.0
34.3
839.1
565.4
492.5
72.9
273.7
239.9
33.8
834.5
556.2
484.4
71.8
278.3
244.5
33.7
862.0
578.5
507.5
71.0
283.5
249.4
34.1
867.2
586.1
511.7
74.3
281.1
247.1
34.1
State and local.......................................................
Consumption expenditures...................................
Gross investment.................................................
995.0
808.6
186.4
1,076.3
870.6
205.7
1,154.9
930.6
224.3
611.7
393.0
342.0
50.9
218.7
188.1
30.6
1,234.7
994.2
240.5
2,676.5
976.7
662.1
574.9
87.3
314.5
273.9
40.6
2,883.2
Federal....................................................................
National defense..................................................
Consumption expenditures...............................
Gross investment.............................................
Nondefense.........................................................
Consumption expenditures..............................
Gross investment.............................................
1,302.7
1,049.4
253.3
1,356.1
1,096.5
259.6
1,408.2
1,139.1
269.1
1,493.6
1,212.0
281.6
1,586.7
1,282.3
304.4
1,699.8
1,366.1
333.7
1,800.6
1,452.4
348.2
1,379.4
1,116.8
262.6
1,399.2
1,129.1
270.0
1,415.3
1,144.0
271.3
1,438.8
1,166.3
272.5
1,454.6
1,182.0
272.6
1,477.3
1,198.4
278.9
Addenda:
Final sales of domestic product................................
Gross domestic purchases......................................
Final sales to domestic purchasers..........................
8,729.8
8,955.3
8,891.6
9,292.7 9,896.9 10,324.5 10,630.3 11,125.8 11,802.8 12,588.4 13,339.0 14,058.3 14,476.2 11,545.8 11,702.4 11,889.8 12,073.5 12,288.8 12,500.9
9,615.6 10,333.5 10,657.2 11,069.5 11,646.3 12,486.4 13,361.1 14,168.2 14,791.4 15,149.2 12,143.4 12,384.5 12,586.5 12,831.4 13,056.9 13,207.0
9,554.7 10,279.0 10,695.4 11,057.5 11,629.9 12,421.5 13,311.2 14,108.3 14,772.0 15,183.9 12,092.1 12,308.4 12,525.7 12,760.0 12,966.2 13,191.1
Gross domestic product.......................................
Plus: Income receipts from the rest of the world......
Less: Income payments to the rest of the world.......
8,793.5
286.2
268.9
9,353.5
319.5
291.7
9,951.5 10,286.2 10,642.3 11,142.1 11,867.8 12,638.4 13,398.9 14,077.6 14,441.4 11,597.2 11,778.4 11,950.5 12,144.9 12,379.5 12,516.8
380.5
323.0
313.5
353.3
448.6
573.0
721.1
861.8
809.2
418.2
434.4
456.3
485.4
535.5
551.3
271.1
357.4
746.0
342.8
264.4
284.6
475.9
648.6
667.3
307.6
348.6
359.5
413.8
428.7
455.1
Equals: Gross national product............................
8,810.8
9,381.3
9,989.2 10,338.1 10,691.4 11,210.8 11,959.0 12,735.5 13,471.3 14,193.3 14,583.3 11,707.8 11,864.2 12,047.3 12,216.6 12,486.3 12,613.0
Net domestic product..............................................
7,772.9
8,259.1
8,767.2
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...........................................................
S “ x la a ryN te a th e do th ta le .
ee E p n to o ” t e n f e b s
1,510.8
1,447.1
1,061.1
275.1
786.0
9,029.9
9,337.3
654.4
9,788.1 10,435.0 11,097.0 11,738.2 12,317.6 12,594.3 10,200.5 10,358.8 10,506.1 10,674.5 10,883.8 10,992.6
August 2009
Su r v e y
of
25
C u r r e n t B u sin ess
Table 3A. Gross Domestic Product and Related Measures—T
able E
nds
[B s of dollars]
illion
Seasonally adjusted at annual rates
2005
III
Gross domestic product...................................
Personal consumption expenditures........................
2007
2006
IV
I
II
III
IV
I
II
2009
2008
III
IV
I
II
III
IV
I
II
12,741.6 12,915.6 13,183.5 13,347.8 13,452.9 13,611.5 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
8,908.8 9,010.3 9,148.2 9,266.6 9,391.8 9,484.1
9,658.5 9,762.5 9,865.6 10,019.2 10,095.1 10,194.7 10,220.1 10,009.8 9,987.7 9,989.0
Goods.....................................................................
Durable goods.....................................................
Motor vehicles and parts.................................
Furnishings and durable household equipment
Recreational goods and vehicles.....................
Other durable goods........................................
Nondurable goods...............................................
Food and beverages purchased for offpremises consumption.................................
Clothing and footwear..................................
Gasoline and other energy goods....................
Other nondurable goods..................................
3,124.5
1,122.5
425.4
264.7
304.2
128.1
2,002.0
3,126.6
1,092.3
379.5
271.0
310.1
131.8
2,034.2
3,180.8
1,132.5
395.5
278.1
322.7
136.2
2,048.3
3,206.5
1,125.1
394.5
275.0
320.3
135.4
2,081.4
3,250.5
1,132.4
400.4
276.0
320.9
135.0
2,118.1
3,249.1
1,142.2
398.1
277.0
329.9
137.2
2,106.9
3,306.3
1,153.0
399.6
281.7
331.8
139.8
2,153.3
3,338.2
1,154.9
401.3
279.0
333.0
141.7
2,183.3
3,366.6
1,161.4
398.3
279.3
339.5
144.2
2,205.2
3,448.9
1,172.7
401.9
279.3
346.5
145.0
2,276.2
3,447.2
1,145.8
382.7
275.8
342.6
144.7
2,301.4
3,474.9
1,126.5
357.5
276.2
347.5
145.2
2,348.4
3,463.0
1,088.5
332.7
269.4
342.0
144.3
2,374.5
3,227.5
1,019.9
296.4
259.1
327.3
137.1
2,207.6
3,197.7
1,025.2
300.6
255.7
329.6
139.3
2,172.4
3,185.8
1,007.4
294.8
251.3
321.8
139.5
2,178.3
671.0
313.9
332.0
685.1
680.0
323.0
334.6
696.7
684.9
326.3
324.5
712.6
692.3
327.2
343.3
718.6
699.8
330.7
363.3
724.4
714.8
336.0
316.7
739.3
727.1
342.7
335.2
748.3
732.1
338.8
362.4
750.0
742.7
340.1
365.4
756.9
758.4
343.3
408.8
765.6
770.1
341.3
427.8
762.4
786.3
344.2
441.9
776.0
793.4
338.0
461.4
781.7
787.5
326.5
321.2
772.5
786.5
327.9
271.0
787.0
788.0
322.7
277.6
790.0
Services..................................................................
Household consumption expenditures (for
services)..........................................................
Housing and utilities........................................
Healthcare......................................................
Transportation services...................................
Recreation services.........................................
Food services and accommodations................
Financial services and insurance.....................
Other services.................................................
Final consumption expenditures of nonprofit
institutions serving households........................
Gross output of nonprofit institutions................
Less: Receipts from sales of goods and
services by nonprofit institutions..................
5,784.4
5,883.7
5,967.4
6,060.1
6,141.3
6,235.0
6,352.2
6,424.3
6,499.0
6,570.3
6,647.9
6,719.8
6,757.1
6,782.3
6,790.0
6,803.2
5,569.6
1,598.4
1,324.7
288.2
327.6
527.8
718.5
784.5
5,662.4
1,634.7
1,343.6
291.2
333.3
539.0
724.8
795.8
5,740.2
1,645.8
1,360.6
292.5
339.5
555.9
733.4
812.5
5,822.9
1,677.0
1,374.4
296.6
344.2
555.0
745.0
830.7
5,893.1
1,705.7
1,383.6
297.8
351.4
558.9
753.0
842.7
5,986.2
1,715.3
1,404.4
301.0
360.2
569.2
778.1
858.0
6,103.7
1,741.4
1,442.9
304.7
365.4
575.9
799.3
874.0
6,179.5
1,755.8
1,458.4
306.4
369.9
583.4
819.5
886.1
6,242.8
1,770.4
1,475.2
308.7
373.7
592.3
835.3
887.2
6,305.8
1,784.8
1,501.7
309.9
377.9
600.0
842.8
888.7
6,377.5
1,811.9
1,531.6
308.0
380.7
601.8
839.6
903.9
6,446.1
1,838.6
1,551.0
308.3
384.9
610.8
842.1
910.5
6,474.5
1,852.2
1,559.3
309.1
385.9
614.7
837.3
915.9
6,494.1
1,872.1
1,574.9
305.7
380.9
607.3
823.5
929.8
6,522.0
1,878.8
1,598.0
301.6
383.4
607.3
816.7
936.0
6,539.9
1,873.0
1,616.5
300.2
382.2
606.4
822.9
938.6
214.7
878.8
221.4
896.4
227.2
912.8
237.2
928.6
248.1
940.5
248.8
952.5
248.5
971.7
244.8
978.2
256.2
990.1
264.5
1,010.0
270.4
1,031.3
273.7
1,044.9
282.6
1,055.2
288.2
1,066.1
268.0
1,060.8
263.3
1,064.2
664.1
675.0
685.6
691.4
692.4
703.6
723.1
733.4
733.9
745.5
760.9
771.2
772.7
778.0
792.7
800.9
Gross private domestic investment..........................
2,166.6
2,336.5
2,352.1
2,311.9
2,272.9
2,214.8
2,164.6
2,142.7
2,022.1
1,689.9
1,585.5
2,270.6
1,457.2
396.8
1,060.5
2,279.7
1,495.3
428.6
1,066.7
2,286.5
2,254.2
1,546.1
461.7
1,084.4
2,302.0
2,155.6
1,362.9
352.3
1,010.6
2,333.5
2,264.4
1,522.7
447.6
1,075.1
2,267.2
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...........................................................
2,276.3
2,194.1
1,386.3
369.7
1,016.5
2,254.1
1,574.1
489.5
1,084.6
2,278.6
1,623.5
519.9
1,103.5
2,280.8
1,665.2
556.1
1,109.1
2,263.0
1,697.9
575.9
1,122.0
2,223.0
1,705.0
586.3
1,118.7
2,214.0
1,719.7
610.6
1,109.2
2,179.7
1,711.0
620.4
1,090.6
2,066.6
1,638.7
620.7
1,018.0
1,817.2
1,442.6
533.1
909.5
1,741.6
1,395.9
508.6
887.4
479.7
78.5
219.7
181.6
161.2
188.1
181.5
792.6
481.6
81.3
220.0
180.3
168.9
182.8
183.3
807.9
498.7
84.0
223.3
191.4
168.0
203.8
190.0
813.3
500.5
84.1
227.5
188.9
180.7
195.5
190.0
784.4
510.1
86.7
232.1
191.4
181.4
195.3
188.2
741.7
511.6
84.8
236.2
190.5
183.7
198.2
191.0
708.1
525.1
88.8
238.3
197.9
182.1
192.3
185.2
680.0
530.1
86.9
242.6
200.6
198.8
183.0
191.6
655.1
538.4
88.2
246.7
203.6
199.0
176.5
195.2
615.6
555.8
93.1
254.8
208.0
192.9
175.1
198.2
565.2
566.3
93.7
263.2
209.5
195.3
164.3
192.7
518.1
576.2
92.9
268.0
215.3
197.3
143.8
192.0
494.2
568.8
84.3
266.4
218.1
194.8
125.9
201.1
468.6
540.2
75.8
258.7
205.6
187.9
95.3
194.7
427.8
508.3
71.1
240.5
196.7
157.8
65.4
178.0
374.6
499.6
70.1
231.7
197.8
151.3
72.5
163.9
345.6
Change in private inventories..............................
Farm....................................................................
Nonfarm...............................................................
11.0
4.4
6.7
82.2
2.3
79.9
66.0
3.7
62.3
72.4
-8.1
80.6
69.1
-6.3
75.4
32.3
-3.6
36.0
13.1
6.2
6.8
23.5
-3.9
27.4
31.0
-2.4
33.4
9.8
-2.5
12.4
-8.2
-13.9
5.7
-49.3
-3.2
-46.1
-37.0
-7.5
-29.4
-44.5
-3.7
-40.8
-127.4
-1.3
-126.1
-156.0
1.2
-157.2
Net exports of goods and services...........................
-734.0
-789.3
-775.8
-781.4
-805.7
-714.3
-729.4
-724.8
-698.4
-702.5
-744.4
-738.7
-757.5
-590.5
-378.5
-347.8
Exports...................................................................
Goods..................................................................
Services..............................................................
1,308.2
907.4
400.8
1,351.3
939.4
411.9
1,414.0
985.1
428.9
1,456.0
1,016.5
439.6
1,476.0
1,030.6
445.3
1,538.2
1,065.4
472.8
1,564.9
1,081.4
483.4
1,602.1
1,109.4
492.7
1,685.2
1,156.6
528.6
1,771.6
1,210.4
561.2
1,803.6
1,247.3
556.3
1,901.5
1,326.2
575.3
1,913.1
1,338.5
574.6
1,706.2
1,155.7
550.5
1,509.3
989.5
519.8
1,483.7
971.4
512.4
Imports
Gooas..................................................................
Services..............................................................
2,042.1
1,720.0
322.1
2,140.6
1,811.4
329.2
2,189.8
1,842.9
346.9
2,237.4
1,884.3
353.1
2,281.7
1,925.0
356.6
2,252.5
1,887.5
365.0
2,294.3
1,926.9
367.4
2,326.9
1,951.1
375.8
2,383.6
1,993.8
389.8
2,474.0
2,078.9
395.2
2,548.1
2,143.1
404.9
2,640.2
2,226.8
413.4
2,670.5
2,243.3
427.2
2,296.7
1,892.5
404.2
1,887.9
1,508.2
379.6
1,831.5
1,463.6
367.9
2,400.1
894.1
606.1
529.4
76.7
288.0
251.1
36.8
2,418.3
881.9
585.5
510.7
74.8
296.4
256.4
40.0
2,474.5
2,533.3
932.2
623.3
543.7
79.6
308.9
269.4
39.4
2,555.2
935.9
636.6
552.3
84.3
299.3
259.8
39.5
2,657.4
2,808.4
968.1
656.6
568.8
87.8
311.6
271.2
40.4
2,877.1
1,069.5
725.6
622.4
103.2
343.9
300.8
43.1
2,941.4
1,108.3
763.6
655.2
108.4
344.7
300.7
44.0
2,905.9
1,114.3
758.9
648.8
110.1
355.3
306.6
48.8
2,879.0
1,106.7
750.7
642.9
107.8
356.0
311.3
44.7
2,923.0
1,137.4
775.4
662.4
113.0
362.0
317.4
44.6
1,506.0
1,222.9
283.1
1,536.4
1,244.8
291.6
1,546.1
1,254.5
291.6
1,580.2
1,274.6
305.6
1,601.2
1,292.7
308.5
1,619.4
1,307.6
311.8
1,689.3
1,357.3
332.0
1,709.5
1,373.6
335.9
1,004.3
680.8
591.4
89.4
323.6
282.1
41.5
1,743.9
1,402.5
341.4
1,038.3
703.6
609.7
93.9
334.8
293.5
41.2
State and local.......................................................
Consumption expenditures..................................
Gross investment.................................................
942.8
636.7
554.3
82.5
306.1
266.8
39.3
1,656.5
1,331.2
325.4
2,700.9
991.4
674.4
585.1
89.3
317.0
275.6
41.4
2,748.3
928.5
615.5
538.3
77.2
313.0
272.1
40.9
2,510.5
930.3
624.1
541.2
82.8
306.2
267.2
39.0
2,599.3
Federal....................................................................
National defense.................................................
Consumption expenditures..............................
Gross investment............................................
Nondefense.........................................................
Consumption expenditures..............................
Gross investment............................................
1,770.1
1,429.3
340.8
1,807.6
1,458.3
349.2
1,833.1
1,480.4
352.7
1,791.7
1,441.7
350.0
1,772.3
1,424.4
347.9
1,785.6
1,429.3
356.3
Government consumption expenditures and gross
investment..............................................................
Addenda:
Final sales of domestic product................................
Gross domestic purchases......................................
Final sales to domestic purchasers..........................
12,730.6 12,833.4 13,117.5 13,275.4 13,383.8 13,579.2 13,782.5 13,973.7 14,148.8 14,328.0 14,382.1 14,547.1 14,583.7 14,391.8 14,305.3 14,305.8
13,475.6 13,704.9 13,959.3 14,129.2 14,258.6 14,325.8 14,525.0 14,722.0 14,878.3 15,040.3 15,118.3 15,236.4 15,304.2 14,937.8 14,556.5 14,497.5
13,464.5 13,622.8 13,893.3 14,056.8 14,189.5 14,293.5 14,511.9 14,698.5 14,847.3 15,030.5 15,126.5 15,285.7 15,341.1 14,982.3 14,683.9 14,653.6
Gross domestic product.......................................
Plus: Income receipts from the rest of the world......
Less: Income payments to the rest of the world.......
12,741.6 12,915.6 13,183.5 13,347.8 13,452.9 13,611.5 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
582.4
714.4
579.6
622.9
659.0
716.4
741.6
767.2
787.9
852.1
909.4
856.3
840.5
825.6
897.6
607.4
479.7
475.3
544.5
578.5
640.9
679.7
695.5
724.0
776.0
759.1
725.1
685.3
711.6
664.8
12,848.7 12,994.1
..............................................
S e“ x la a ryN te a th e do th ta le .
e E p n to o ” t e n f e b s
13,264.0 13,423.3 13,514.8 13.683.2 13,859.5 14,073.3 14,318.3 14,522.2 14,544.9 14,626.6 14.707.5 14.454.3 14,277.9
Net domestic product
11,185.6 11,326.0 11,565.5 11,699.7 11,777.7 11.910.2 12,068.8 12,247.9 12,408.7 12,545.1
12,560.2 12,662.2 12.688.5 12.466.4 12,294.4 12,275.7
26
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 3B. Real Gross Domestic Product and Related Measures—Continues
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2004
I
II
2005
III
IV
I
II
Gross domestic product...................................
10,283.5 10,779.8 11,226.0 11,347.2 11,553.0 11,840.7 12,263.8 12,638.4 12,976.2 13,254.1 13,312.2 12,127.6 12,213.8 12,303.5 12,410.3 12,534.1 12,587.5
Personal consumption expenditures........................ 6,865.5 7,240.9 7,608.1 7,813.9 8,021.9 8,247.6 8,532.7 8,819.0 9,073.5 9,313.9 9,290.9 8,437.6 8,483.2 8,555.8 8,654.2 8,719.0 8,802.9
Goods..................................................................... 2,218.6 2,395.3 2,521.7 2,600.9 2,706.6 2,829.9 2,955.3 3,073.9 3,173.9 3,273.7 3,206.0 2,919.4 2,931.8 2,966.4 3,003.6 3,032.6 3,075.1
Durable goods.....................................................
667.2
819.9
864.4
753.8
930.0
986.1 1,051.0 1,105.5 1,150.4 1,199.9 1,146.3 1,031.0 1,038.3 1,058.7 1,076.1 1,083.3 1,113.6
Motor vehicles and parts..................................
356.1
316.1
345.1
374.3
394.0
402.4
405.3
411.3
409.6
396.6
347.5
409.2
407.5
412.3
408.8
423.7
416.3
Furnishings and durable household equipment
192.4
157.3
175.5
202.2
217.0
230.6
249.3
263.9
283.6
277.9
275.5
243.4
246.7
252.3
257.0
254.8
261.0
Recreational goods and vehicles.....................
172.7
121.2
147.0
189.8
212.9
269.4
237.0
303.4
343.2
382.4
403.0
258.7
264.3
273.4
281.4
291.6
299.8
Other durable goods........................................
86.4
96.7
105.3
103.0
109.8
121.7
133.4
115.5
128.6
134.5
128.0
120.9
120.6
121.3
125.9
129.1
123.9
Nondurable goods...............................................
1,580.3 1,660.9 1,714.7 1,745.6 1,780.2 1,845.6 1,904.6 1,968.4 2,023.6 2,074.8 2,057.3 1,888.9 1,894.0 1,907.8 1,927.6 1,949.6 1,961.5
Food and beverages purchased for offpremises consumption................................
587.4
600.6
607.6
609.0
622.4
639.2
565.5
700.7
700.7
665.0
686.2
634.5
635.7
639.1
647.6
656.6
658.6
Clothing and footwear......................................
246.2
258.1
231.0
260.5
268.5
283.4
297.3
315.5
331.5
345.9
345.0
296.4
292.9
296.9
307.4
314.7
303.0
Gasoline and other energy goods....................
287.1
289.2
283.8
292.5
294.0
302.2
298.4
300.7
287.4
306.5
304.8
306.9
307.5
305.6
309.8
306.4
306.1
Other nondurable goods..................................
514.4
574.2
592.9
708.4
729.4
546.3
612.5
640.1
662.6
683.0
728.7
652.7
659.5
667.0
671.2
676.1
681.6
Services.................................................................. 4,661.8 4,852.8 5,093.3 5,218.7 5,318.1 5,418.4 5,577.6 5,745.1 5,899.7 6,040.8 6,083.1 5,518.3 5,551.7 5,589.6 5,650.8 5,686.4 5,727.9
Household consumption expenditures (for
services).......................................................... 4,510.6 4,690.4 4,917.8 5,028.8 5,109.3 5,199.0 5,359.3 5,531.0 5,664.4 5,796.1 5,817.6 5,298.3 5,333.6 5,372.6 5,432.7 5,473.0 5,514.2
Housing and utilities........................................
1,329.8 1,371.8 1,413.7 1,451.5 1,462.0 1,480.2 1,512.8 1,582.8 1,616.7 1,631.8 1,647.2 1,496.4 1,504.5 1,512.7 1,537.4 1,556.6 1,577.7
Health care......................................................
1,029.5 1,045.6 1,081.5 1,135.4 1,202.3 1,229.4 1,268.6 1,316.0 1,340.0 1,375.5 1,416.4 1,247.4 1,260.9 1,277.6 1,288.7 1,304.4 1,311.1
Transportation services....................................
259.2
273.5
286.2
283.6
275.8
276.7
283.2
288.3
285.9
285.0
273.8
280.8
283.2
283.7
285.2
285.2
286.1
Recreation services.........................................
273.3
295.2
294.9
296.7
286.6
305.5
320.7
350.0
326.8
337.5
349.8
317.3
320.6
322.2
322.8
326.0
326.2
Food services and accommodations................
439.2
470.5
450.0
469.9
477.2
493.6
508.8
547.7
545.4
525.3
541.6
506.1
506.2
509.0
513.8
516.5
524.5
Financial services and insurance.....................
665.4
558.6
660.7
735.4
605.6
658.3
657.8
691.8
712.6
772.3
759.8
686.7
683.1
703.2
690.6
706.6
710.8
Other services.................................................
704.2
621.7
656.7
732.6
755.7
737.0
773.5
781.6
831.0
825.7
767.2
771.7
808.3
776.9
781.0
777.9
778.1
Final consumption expenditures of nonprofit
institutions serving households........................
191.4
153.9
165.0
177.8
209.0
219.3
214.1
235.4
218.3
244.9
266.6
220.0
213.4
213.7
218.1
217.0
218.2
Gross output of nonprofit institutions................
696.7
749.0
721.0
785.3
831.1
844.0
924.6
956.7
860.6
874.6
901.0
851.5
864.1
872.2
856.3
870.5
871.6
Less: Receipts from sales of goods and
services by nonprofit institutions..................
573.0
595.2
546.0
558.6
622.5
624.5
642.3
680.0
691.0
631.4
660.6
665.8
638.3
647.1
658.2
652.3
658.5
Gross private domestic investment.......................... 1,695.1 1,844.3 1,970.3 1,831.9 1,807.0 1,871.6 2,058.2 2,172.2 2,230.4 2,146.2 1,989.4 1,970.0 2,055.6 2,082.2 2,125.2 2,170.3 2,131.5
Fixed investment................................................... 1,630.4 1,782.1 1,913.8 1,877.6 1,798.1 1,856.2 1,992.5 2,122.3 2,171.3 2,126.3 2,018.4 1,918.6 1,977.7 2,019.7 2,053.9 2,079.2 2,116.0
Nonresidential.....................................................
1,087.4 1,200.9 1,318.5 1,281.8 1,180.2 1,191.0 1,263.0 1,347.3 1,453.9 1,544.3 1,569.7 1,214.3 1,247.0 1,281.2 1,309.6 1,321.5 1,340.8
Structures........................................................
407.7
408.2
440.0
433.3
356.6
343.0
346.7
441.4
351.8
384.0
486.8
341.9
349.4
345.9
349.7
356.0
354.6
Equipment and software...................................
710.4
810.9
895.8
866.9
830.3
851.4
917.3
995.6 1,069.6 1,097.0 1,068.6
874.4
902.5
932.5
959.8
965.6
986.0
Information processing equipment and
software...................................................
271.1
390.2
332.0
391.9
379.3
405.0
555.7
443.1
475.3
514.8
588.8
431.4
438.6
446.7
462.0
471.2
455.6
Computers and peripheral equipment......
Software..................................................
172.4
173.7
173.4
122.8
151.5
185.6
241.5
204.6
218.0
227.1
257.0
199.1
200.4
213.4
206.6
212.5
218.6
Other.......................................................
168.4
163.2
148.4
156.4
125.5
139.9
168.1
178.4
191.2
202.3
211.1
166.0
169.9
168.7
174.9
167.8
176.3
Industrial equipment....................................
160.8
175.8
162.8
151.9
151.6
147.4
180.9
174.7
161.8
159.6
172.9
141.9
145.2
149.7
156.2
154.4
152.7
Transportation equipment.............................
186.2
162.0
169.6
154.2
140.4
181.7
177.4
190.3
162.3
196.5
128.9
142.5
156.8
169.0
181.1
174.3
180.1
Other equipment..........................................
150.4
138.8
142.4
149.3
148.2
155.0
164.4
184.1
178.9
185.5
180.3
158.2
161.7
167.2
173.2
170.6
180.3
Residential...........................................................
540.4
580.0
574.2
583.3
613.8
664.3
729.5
718.2
585.0
775.0
451.1
704.5
731.0
738.4
744.2
757.7
775.3
60.2
Change in private inventories...............................
71.6
-41.8
12.8
59.4
19.5
52.4
68.5
17.3
66.3
50.0
-25.9
78.7
62.7
91.4
71.6
15.5
Farm....................................................................
1.6
-3.7
-1.8
0.1
-3.1
0.1
7.9
-3.7
-0.8
-5.3
3.2
17.7
0.1
3.7
-6.9
0.2
7.0
Nonfarm...............................................................
61.2
20.4
69.5
70.8
-41.5
15.6
17.2
63.2
-20.4
49.4
58.3
49.8
60.2
55.7
98.4
68.1
15.3
Net exports of goods and services...........................
-252.6 -356.6 -451.6 -472.1
-548.8 -603.9 -688.0 -722.7 -729.2 -647.7 -494.3 -632.5 -687.1
-705.7 -726.7 -714.8 -709.4
Exports................................................................... 1,048.5 1,094.3 1,188.3 1,121.6 1,099.2 1,116.8 1,222.8 1,305.1 1,422.0 1,546.1 1,629.3 1,197.3 1,216.0 1,225.0 1,252.9 1,276.2 1,303.5
Goods
732.2
760.0
844.3
792.0
763.5
777.2
842.9
991.4 1,064.8 1,127.5
837.7
906.1
824.0
848.3
879.2
908.1
861.6
Services..............................................................
316.4
343.5
329.3
335.6
339.6
481.3
501.7
373.4
334.6
380.0
399.0
430.6
378.3
397.0
395.4
376.8
391.4
Imports
1,301.1 1,450.9 1,639.9 1,593.8 1,648.0 1,720.7 1,910.8 2,027.8 2,151.2 2,193.8 2,123.5 1,829.8 1,903.1 1,930.7 1,979.7 1,991.0 2,012.9
Goods
1,072.3 1,206.0 1,367.9 1,324.2 1,373.4 1,440.9 1,599.7 1,708.0 1,808.8 1,839.6 1,767.3 1,526.4 1,592.9 1,618.8 1,660.7 1,675.0 1,694.9
Services..............................................................
229.4
271.7
354.2
244.9
269.6
274.5
279.8
311.0
319.8
342.4
356.5
303.1
310.1
311.9
316.0
318.0
319.0
Government consumption expenditures and gross
investment.............................................................. 1,985.0 2,056.1 2,097.8 2,178.3 2,279.6 2,330.5 2,362.0 2,369.9 2,402.1 2,443.1 2,518.1 2,354.9 2,363.5 2,372.1 2,357.6 2,359.9 2,362.4
Federal....................................................................
681.4
698.1
906.4
694.6
726.5
779.5
831.1
865.0
876.3
975.9
894.9
856.6
861.4
876.4
869.2
865.6
870.0
National defense..................................................
453.5
470.7
447.5
455.8
505.3
549.2
580.4
589.0
598.4
611.5
659.4
573.5
576.5
593.2
578.4
583.6
588.0
Consumption expenditures...............................
401.2
403.9
418.5
445.8
484.1
509.4
527.4
407.6
514.8
519.1
561.6
505.6
507.0
518.9
505.9
512.5
513.6
Gross investment.............................................
50.3
52.7
59.6
65.3
71.1
74.2
79.4
84.3
98.4
68.0
47.5
49.3
71.1
69.6
74.3
72.5
74.5
Nondefense.........................................................
233.7
238.7
244.4
255.5
273.9
281.7
284.6
287.3
296.6
294.9
316.4
283.1
284.9
283.2
287.1
285.6
282.0
Consumption expenditures...............................
212.4
224.2
239.7
201.2
202.9
247.1
250.2
251.0
255.2
273.5
257.5
249.1
249.8
251.4
247.9
248.8
253.0
Gross investment.............................................
32.0
31.6
31.3
34.2
34.6
34.4
36.3
39.7
43.0
34.8
39.1
34.0
35.1
34.2
34.1
34.5
34.2
State and local.......................................................
Consumption expenditures...................................
Gross investment.................................................
Residual.......................................................................
1,303.8
1,070.8
233.7
-148.0
1,361.8
1,109.5
252.7
-89.6
1,400.1
1,133.7
266.6
-46.6
1,452.3
1,172.6
279.7
-46.8
1,500.6
1,211.3
289.4
-31.0
1,499.7
1,207.5
292.2
-18.1
1,497.1
1,207.4
289.8
-5.5
1,493.6
1,212.0
281.6
0.2
1,507.2
1,220.7
286.4
-4.1
Addenda:
Final sales of domestic product................................ 10,217.1 10,715.7 11,167.5 11,391.7 11,543.5 11,8248 12,198.2 12,588.4 12,917.1
Gross domestic purchases....................................... 10,539.9 11,141.1 11,681.4 11,825.7 12,107.7 12,449.2 12,952.5 13,361.1 13,705.7
Final sales to domestic purchasers.......................... 10,473.5 11,077.0 11,623.1 11,870.8 12,098.4 12,433.4 12,886.8 13,311.2 13,646.5
Gross domestic product....................................... 10,283.5 10,779.8 11,226.0 11,347.2 11,553.0 11,840.7 12,263.8 12,638.4 12,976.2
Plus: Income receipts from the rest of the world......
431.1
358.8
343.1
377.7
337.6
371.0
465.1
573.0
697.8
388.7
Less: Income payments to the rest of the world.......
301.5
289.4
317.5
339.1
304.3
370.5
475.9
628.0
1,536.7
1,242.6
294.0
-8.7
1,543.7
1,251.5
292.3
-1.2
1,498.4
1,206.0
292.5
-10.2
1,502.2
1,207.2
295.1
-7.0
1,490.7
1,210.2
280.5
-1.4
1,492.4
1,210.7
281.7
0.2
13,234.3 13,341.2 12,076.2 12,136.3 12,241.1 12,339.2 12,443.2
13,901.6 13,801.2 12,762.3 12,901.4 13,009.5 13,136.8 13,249.0
13,881.9 13,829.8 12,710.9 12,823.8 12,947.0 13,065.6 13,158.0
13,254.1 13,312.2 12,127.6 12,213.8 12,303.5 12,410.3 12,534.1
811.9
739.3
439.6
452.0
543.7
471.6
497.3
703.2
323.4
609.1
362.8
435.3
371.6
424.0
12,572.0
13,296.8
13,281.4
1,495.7
1,207.2
288.5
-3.9
1,492.0
1,209.1
282.9
-1.4
12,587.5
555.5
458.5
Equals: Gross national product............................ 10,304.0 10,812.1 11,268.8 11,404.6 11,606.9 11,914.2 12,358.5 12,735.5 13,046.1 13,362.8 13,442.6 12,243.7 12,303.0 12,403.5 12,483.7 12,642.6 12,684.5
Net domestic product..............................................
9,168.7 9,584.7 9,946.3 9,996.9 10,153.2 10,399.4 10,775.5 11,097.0 11,377.8 11,593.9 11,597.1 10,657.8 10,731.7 10,809.1 10,903.5 11,014.9 11,054.5
N o t e . Users are cautioned that particularly for components that exhibit rapid change 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. For accurate estimates of the contributions to percent changes in
real gross domestic product, use table 2.
See “Explanatory Note” at the end of the tables,
August 2009
Su r v e y
of
27
C u r r e n t B usin ess
Table 3B. Real Gross Domestic Product and Related Measures—Table Ends
[B n o chained (2005) d llars]
illio s f
o
Seasonally adjusted at annual rates
2005
III
2007
2006
IV
I
II
III
IV
I
II
2008
III
Gross domestic product................................... 12,683.2 12,748.7 12,915.9 12,962.5 12,965.9 13,060.7 13,099.9 13,204.0 13,321.1
IV
I
II
2009
III
IV
I
II
13,391.2 13,366.9 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
Personal consumption expenditures........................
8,865.6
8,888.5
8,986.6
9,035.0
9,090.7
9,181.6
9,265.1
9,291.5
9,335.6
9,363.6
9,349.6
9,351.0
9,267.7
9,195.3
9,209.2
9,180.5
Goods.....................................................................
Durable goods.....................................................
Motor vehicles and parts.................................
Furnishings and durable household equipment
Recreational goods and vehicles.....................
Other durable goods........................................
Nondurable goods...............................................
Food and beverages purchased for offpremises consumption................................
Clothing and footwear.....................................
Gasoline and other energy goods....................
Other nondurable goods..................................
3,098.4
1,126.7
427.6
265.4
305.3
128.3
1,971.8
3,089.5
1,098.4
378.5
272.2
316.7
131.1
1,990.7
3,145.7
1,142.3
393.3
279.3
334.5
135.5
2,003.7
3,150.8
1,139.4
393.2
276.2
336.6
133.8
2,011.6
3,176.4
1,152.1
400.3
277.6
343.0
131.9
2,024.5
3,222.5
1,167.9
399.7
278.8
358.8
132.2
2,054.7
3,253.9
1,183.7
402.4
284.1
366.9
132.3
2,070.3
3,255.4
1,189.9
404.1
281.2
373.1
133.8
2,066.1
3,280.6
1,205.0
400.5
283.6
388.1
136.1
2,076.8
3,304.8
1,221.2
402.6
285.6
401.6
135.8
2,086.0
3,262.1
1,193.2
384.4
280.9
399.8
133.3
2,070.1
3,257.8
1,175.7
361.4
282.6
410.3
129.2
2,081.4
3,193.6
1,139.6
337.8
274.4
407.6
128.3
2,051.5
3,110.4
1,076.8
306.2
264.2
394.3
121.4
2,026.1
3,129.8
1,087.2
311.2
259.4
403.1
123.5
2,035.5
3,097.9
1,067.5
301.5
254.1
399.0
123.0
2,022.4
669.9
315.1
302.7
683.8
674.9
325.0
300.3
690.7
676.7
329.5
296.4
701.9
684.2
327.2
297.2
703.7
686.6
331.7
300.0
706.9
697.5
337.5
299.9
721.1
700.8
343.9
301.5
725.8
696.2
343.3
301.3
726.9
699.2
347.3
301.5
730.7
706.6
349.2
298.5
734.2
708.0
347.8
292.6
724.8
708.9
353.6
289.9
733.9
699.6
343.3
280.1
735.4
686.4
335.4
287.2
720.8
687.4
334.0
293.2
724.7
695.1
328.1
292.2
710.0
Services..................................................................
Household consumption expenditures (for
services)..........................................................
Housing and utilities........................................
Healthcare......................................................
Transportation services...................................
Recreation services.........................................
Food services and accommodations................
Financial services and insurance.....................
Other services.................................................
Final consumption expenditures of nonprofit
institutions serving households........................
Gross output of nonprofit institutions................
Less: Receipts from sales of goods and
services by nonprofit institutions..................
5,767.1
5,798.9
5,841.0
5,884.2
5,914.3
5,959.4
6,011.7
6,036.2
6,055.5
6,059.7
6,087.1
6,092.5
6,072.4
6,080.4
6,076.0
6,077.3
5,554.4
1,594.3
1,321.3
287.2
326.5
527.2
717.2
780.7
5,582.5
1,602.8
1,327.0
285.1
328.4
533.0
719.3
786.8
5,618.2
1,598.9
1,337.3
283.2
332.4
544.7
726.0
795.8
5,652.1
1,617.8
1,339.2
284.7
334.0
538.7
731.3
806.3
5,671.4
1,627.6
1,335.8
284.5
338.1
538.7
735.6
811.0
5,716.0
1,622.5
1,347.7
287.5
345.2
544.4
748.8
820.1
5,770.8
1,629.3
1,365.1
289.0
347.7
545.3
762.8
831.8
5,799.2
1,630.1
1,371.7
289.4
349.0
546.5
776.7
836.2
5,809.8
1,634.6
1,377.6
288.6
351.6
548.0
779.1
830.9
5,804.8
1,633.1
1,387.6
286.3
351.6
550.8
770.5
825.2
5,827.3
1,643.8
1,409.0
280.7
351.1
547.5
766.1
829.6
5,831.2
1,647.3
1,418.2
275.7
352.4
550.9
763.8
823.4
5,805.2
1,641.6
1,416.1
272.1
349.6
547.3
758.5
820.6
5,806.6
1,656.3
1,422.4
266.7
346.1
535.9
750.6
829.2
5,817.2
1,656.9
1,434.3
261.9
347.7
533.7
751.4
832.2
5,822.8
1,653.4
1,442.1
261.9
347.0
530.9
756.5
832.1
212.8
874.5
216.4
880.3
222.8
891.5
232.1
899.0
243.1
903.7
243.6
909.8
241.0
919.5
237.0
919.8
245.9
923.9
255.5
935.1
260.6
949.5
262.2
955.0
268.4
957.2
275.4
965.1
259.4
957.8
254.6
955.5
661.7
663.8
668.7
667.0
660.9
666.5
678.6
682.8
678.3
680.1
689.7
693.5
689.8
691.0
698.7
700.7
Gross private domestic investment..........................
2,154.9
2,232.2
2,264.7
2,261.2
2,229.6
2,166.0
2,132.6
2,162.2
2,166.5
2,123.4
2,082.9
2,026.5
1,990.7
1,857.7
1,558.5
1,471.9
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........................
2,143.0
1,359.7
347.2
1,012.5
2,151.0
1,367.3
349.3
1,018.2
2,200.2
1,424.9
364.8
1,060.7
2,189.9
1,450.3
383.7
1,066.3
2,162.2
1,466.0
393.2
1,072.0
2,132.9
1,474.5
394.6
1,079.3
2,118.8
1,489.6
409.2
1,078.1
2,137.7
1,530.3
430.7
1,095.2
2,135.6
1,565.8
456.8
1,101.3
2,113.0
1,591.3
469.1
1,113.3
2,079.2
1,598.9
476.8
1,111.9
2,064.8
1,604.4
493.2
1,097.7
2,020.4
1,579.2
493.1
1,071.0
1,909.3
1,496.1
484.0
993.7
1,687.5
1,321.2
419.4
887.5
1,627.5
1,290.6
409.8
866.9
481.5
486.4
505.7
508.9
520.4
524.1
540.2
546.9
558.2
577.5
591.7
601.3
594.5
567.6
537.5
531.3
219.9
181.7
160.7
189.7
180.5
783.3
220.1
180.6
167.2
182.7
181.7
783.5
222.4
192.2
165.1
202.6
187.3
775.2
224.8
189.8
176.2
194.1
187.0
740.1
228.5
191.9
174.7
193.7
183.4
697.4
232.8
191.0
175.6
195.5
184.3
660.2
235.0
198.4
172.4
188.2
178.3
631.7
238.9
200.3
186.9
178.1
183.7
610.4
242.6
203.1
185.9
171.8
186.4
572.9
249.6
207.4
178.6
171.5
188.0
525.0
257.3
209.2
179.3
161.9
182.3
483.2
260.3
214.2
178.6
141.0
180.9
462.9
258.3
216.7
173.7
121.7
185.4
443.3
252.2
204.3
167.2
90.9
172.6
415.0
235.5
195.8
140.8
59.8
157.3
367.9
227.7
197.1
135.0
64.3
145.1
337.4
11.8
4.6
7.2
81.0
2.6
78.4
65.8
3.8
62.3
72.5
-8.2
80.4
67.5
-6.3
73.9
31.8
-4.1
36.2
14.5
5.9
8.3
23.3
-4.4
27.9
29.8
-2.6
32.7
10.3
-2.0
12.5
0.6
-12.6
14.5
-37.1
-1.6
-35.8
-29.7
-5.0
-24.5
-37.4
-1.9
-35.7
-113.9
0.3
-114.9
-141.1
2.7
-144.4
Net exports of goods and services...........................
-721.4
-756.5
1,414.1
988.3
425.8
-705.0
-683.4
-638.4
-564.0
-550.9
-339.3
1,485.9
1,026.7
459.2
1,504.8
1,042.4
462.3
1,569.9
1,078.9
490.9
1,624.0
1,111.0
512.9
1,623.4
1,122.4
501.1
-479.2
1,655.2
1,154.8
500.4
-386.5
1,473.2
1,019.2
453.9
-476.0
1,670.4
1,159.9
510.5
-470.9
1,388.8
970.3
418.5
-732.8
1,412.1
987.8
424.3
-694.9
1,303.9
905.7
398.2
-745.3
1,336.7
931.3
405.4
-732.6
Exports................................
Goods..................................................................
Services..............................................................
1,568.0
1,072.9
494.9
1,434.5
956.1
477.2
1,408.9
933.0
474.4
Imports...................................................................
Goods..................................................................
Services..............................................................
2,025.2
1,706.3
318.9
2,082.0
1,755.7
326.2
2,121.3
1,782.7
338.6
2,144.9
1,804.7
340.1
2,170.5
1,829.3
341.3
2,168.1
1,818.6
349.5
2,190.8
1,841.1
349.8
2,188.1
1,836.5
351.6
2,208.3
1,849.4
359.0
2,188.0
1,831.6
356.4
2,174.3
1,815.4
359.0
2,146.5
1,794.0
352.5
2,134.4
1,777.1
357.7
2,038.9
1,682.6
356.9
1,821.0
1,474.4
346.2
1,748.2
1,411.8
335.7
Government consumption expenditures and gross
investment..............................................................
Federal....................................................................
National defense.................................................
Consumption expenditures..............................
Gross investment.............................................
Nondefense.........................................................
Consumption expenditures...............................
Gross investment............................................
2,383.9
890.4
603.7
526.9
76.8
286.7
249.9
36.8
2,373.4
2,397.1
2,409.4
892.0
594.3
516.7
77.6
297.7
259.0
38.7
894.4
606.5
524.5
82.1
287.8
249.2
38.7
2,409.5
882.8
594.7
514.6
80.1
288.1
249.7
38.4
2,435.4
898.7
607.1
522.2
85.1
291.6
252.1
39.5
2,458.9
919.0
621.7
535.9
86.0
297.2
256.8
40.5
2,468.7
925.1
622.4
536.7
85.9
302.7
262.2
40.5
2,484.7
943.4
634.8
545.4
89.7
308.6
268.4
40.2
2,506.9
961.3
645.6
548.4
97.9
315.8
273.8
41.9
2,536.6
991.6
675.4
574.0
102.1
315.9
273.3
42.6
2,544.0
1,007.3
681.7
578.7
103.8
325.4
278.4
47.2
2,527.2
900.5
595.6
519.2
76.4
305.0
264.4
40.5
2,399.1
892.8
597.2
515.9
81.4
295.7
257.3
38.4
2,402.7
996.3
672.8
571.5
102.0
323.4
280.1
43.3
2,562.1
1,022.4
694.1
587.8
107.2
328.1
284.9
43.2
State and local.......................................................
Consumption expenditures...................................
Gross investment.................................................
Residual......................................................................
1,493.5
1,213.7
279.8
0.7
875.6
580.9
506.4
74.5
294.7
254.8
39.9
1,497.7
1,213.5
284.2
0.4
1,496.6
1,214.1
282.5
-4.0
1,506.3
1,216.5
289.7
-2.8
1,510.8
1,222.3
288.4
-3.8
1,515.0
1,230.0
285.1
-6.3
1,526.5
1,235.6
290.8
-9.8
1,536.5
1,242.3
294.2
-6.4
1,540.0
1,245.1
294.9
-7.1
1,543.7
1,247.4
296.2
-11.9
1,541.9
1,249.6
292.3
-9.0
1,546.6
1,250.1
296.4
-5.5
1,547.0
1,252.5
294.4
1.0
1,539.3
1,253.6
285.9
8.4
1,533.3
1,252.3
281.5
-1.1
1,542.6
1,252.1
290.4
1.7
Change in private inventories
Farm.................................
Nonfarm............................
Addenda:
Final sales of domestic product................................ 12,671.2 12,667.2
Gross domestic purchases....................................... 13,404.4 13,494.2
Final sales to domestic purchasers.......................... 13,392.4 13,412.9
Gross domestic product....................................... 12,683.2 12,748.7
Plus: Income receipts from the rest of the world......
579.4
613.6
Less: Income payments to the rest of the world.......
536.7
473.0
12,851.3 12,891.0 12,898.3 13,027.8 13,086.4 13,179.6 13,290.3 13,381.1 13,363.5 13,453.5 13,354.3 13,193.5 13,055.8 13,049.5
13,648.7 13,695.5 13,722.8 13,755.7 13,805.0 13,887.6 13,959.7 13,954.2 13,916.4 13,885.5 13,798.8 13,604.0 13,303.1 13,225.4
13,584.1 13,624.1 13,655.2 13,722.8 13,791.5 13,863.2 13,928.9 13,944.0 13,912.9 13,923.2 13,828.0 13,654.9 13,432.7 13,381.6
12,915.9 12,962.5 12,965.9 13,060.7 13,099.9 13,204.0 13,321.1 13,391.2 13,366.9 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
644.6
694.7
652.7
714.0
737.8
750.9
805.6
844.0
846.9
790.6
768.0
746.0
530.9
566.4
621.9
654.9
690.4
733.7
713.7
554.2
668.9
675.0
632.3
649.5
600.3
438.5
Equals: Gross national product............................ 12,789.5 12,825.6 12,994.2 13,035.4 13,025.1 13,129.5 13,160.5 13,275.9 13,451.5 13,563.3 13,525.4 13,533.7 13,470.7 13,240.5 13,018.1
Net domestic product.............................................. 11,134.9 11,183.7 11,338.6 11,371.5 11,360.6 11,440.3 11,463.7 11,551.9 11,653.0 11,707.0 11,666.4 11,702.4 11,603.3 11,416.0 11,193.2 11,157.9
Note. Users are cautioned that particularly for components that exhibit rapid change 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. For accurate estimates of the contributions to percent changes in
real gross domestic product, use table 2.
See “Explanatory Note” at the end of the tables,
28
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 4. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period
Seasonally adjusted at annual rates
1999
1998
2000
2001
2002
2004
2003
2006
2005
2007
2008
2004
I
2005
II
III
I
IV
II
Gross domestic product (GDP).............................................
1.1
1.5
2.2
2.3
1.6
2.2
2.8
3.3
3.3
2.9
2.1
3.5
3.5
3.0
3.0
3.8
2.7
Personal consumption expenditures................................................
Goods..............................................................................................
Durable goods.............................................................................
Nondurable goods.......................................................................
Services...........................................................................................
1.0
-1.5
-2.8
-0.7
2.4
1.6
0.5
-2.7
2.5
2.2
2.5
2.0
-1.8
4.3
2.8
1.9
-0.1
-2.0
1.1
3.0
1.4
-1.0
-2.6
-0.1
2.7
2.0
-0.1
-3.5
2.1
3.2
2.6
1.5
-1.8
3.6
3.2
3.0
2.2
-1.0
4.0
3.4
2.7
1.5
-1.5
3.2
3.4
2.7
1.3
-1.8
2.9
3.4
3.3
3.3
-1.2
5.6
3.4
3.4
3.6
-0.2
5.8
3.2
3.0
2.3
-0.3
3.8
3.4
2.5
0.4
-2.9
2.4
3.6
3.3
5.0
0.2
7.9
2.4
2.4
-0.4
-0.4
-0.4
4.0
2.5
1.0
-0.6
2.0
3.3
Gross private domestic investment.................................................
Fixed investment..............................................................................
Nonresidential.............................................................................
Structures................................................................................
Equipment and software..........................................................
Residential...................................................................................
Change in private inventories..........................................................
-1.1
-0.9
-2.2
4.6
-4.4
2i7
-0.1
-0.1
-1.4
3.1
-2.9
3.8
1.1
1.2
0.0
3.9
-1.2
4.4
0.9
0.9
-0.4
5.2
-2.4
4.6
0.4
0.4
-0.4
4.2
-2.0
2.5
1.4
1.5
0.0
3.6
-1.2
4.8
3.5
3.5
1.6
7.6
-0.4
7.3
4.6
4.7
3.3
13.1
0.1
7.2
4.4
4.4
3.5
12.9
0.2
6.1
2.2
2.2
2.6
7.4
0.5
1.3
0.6
0.8
1.6
3.2
0.7
-1.6
4.1
4.1
1.2
8.6
-1.1
9.7
4.9
4.9
2.8
9.4
0.7
8.8
4.3
4.4
2.1
11.6
-0.9
8.5
3.8
3.8
2.4
12.9
-0.9
6.2
4.7
4.8
4.5
12.9
1.8
5.2
4.3
4.5
3.2
11.5
0.5
6.8
Net exports of goods and services..................................................
Exports............................................................................................
Goods..........................................................................................
Services......................................................................................
Imports............................................................................................
Goods..........................................................................................
Services......................................................................................
-2.3
-3.2
-0.1
-5.4
-6.0
-2.0
-0.6
-1.4
1.2
0.6
0.1
3.2
1.8
1.3
3.0
4.3
4.9
1.2
-0.4
-0.6
0.1
-2.4
-2.9
0.0
-0.4
-0.7
0.2
-1.1
-1.8
2.2
2.2
2.0
2.6
3.5
2.9
6.3
3.5
3.6
3.3
4.8
4.9
4.5
3.6
3.2
4.6
6.2
6.5
4.6
3.4
3.3
3.7
4.1
4.2
3.8
3.5
3.6
3.5
3.7
3.7
3.9
4.9
5.0
4.8
10.7
11.4
7.2
5.2
5.6
4.2
9.2
10.1
5.0
5.0
5.7
3.6
5.7
5.9
4.8
2.0
1.3
3.7
4.2
3.9
5.9
4.5
4.0
5.6
10.0
10.8
6.0
4.5
4.2
5.0
3.4
3.4
3.4
2.9
2.6
3.5
5.7
5.8
5.3
Government consumption expenditures and gross investment....
Federal............................................................................................
National defense..........................................................................
Nondefense.................................................................................
State and local.................................................................................
1.4
1.1
1.1
1.3
1.5
3.2
2.5
2.5
2.6
3.6
4.0
3.3
3.3
3.3
4.4
2.7
2.0
2.0
2.0
3.1
2.6
3.7
3.8
3.6
2.1
4.2
4.2
4.7
3.5
4.2
4.3
4.7
4.7
4.9
4.0
5.8
4.9
5.4
3.9
6.3
4.8
4.1
4.4
3.5
5.3
4.5
3.5
3.7
3.1
5.1
4.5
3.0
3.3
2.1
5.4
6.7
11.6
10.4
14.0
4.0
4.9
5.1
5.2
5.0
4.8
5.0
2.4
2.8
1.6
6.5
6.0
2.8
3.6
1.1
7.9
7.4
12.0
13.0
10.0
4.8
4.5
2.1
2.2
1.8
5.9
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
Gross national product (GNP).........................................................
1.2
0.7
0.7
1.1
1.5
1.6
1.6
1.5
2.2
2.5
2.5
2.2
2.3
1.9
1.9
2.3
1.6
1.4
1.4
1.6
2.2
2.3
2.3
2.2
2.8
3.0
3.0
2.8
3.3
3.7
3.7
3.3
3.3
3.4
3.4
3.3
2.9
2.9
2.9
2.9
2.1
3.2
3.2
2.1
3.5
4.1
4.1
3.5
3.5
3.6
3.6
3.5
3.0
3.2
3.2
3.0
3.0
3.8
3.8
3.0
3.8
3.7
3.7
3.8
2.8
3.2
3.2
2.7
Implicit price deflators:
GDP.............................................................................................
Gross domestic purchases..........................................................
GNP.............................................................................................
1.1
0.7
1.1
1.5
1.6
1.5
2.2
2.5
2.2
2.3
1.9
2.3
1.6
1.5
1.6
2.2
2.3
2.2
2.8
3.0
2.8
3.3
3.7
3.3
3.3
3.4
3.3
2.9
2.9
2.9
2.1
3.2
2.1
3.5
4.1
3.5
3.4
3.6
3.4
2.9
3.2
2.9
3.0
3.9
3.0
3.7
3.6
3.7
2.7
3.2
2.8
Seasonally adjusted at annual rates
2005
IV
III
2007
2006
Gross domestic product (GDP)............................................
4.2
3.4
Personal consumption expenditures...............................................
Goods..............................................................................................
Durable goods.............................................................................
Nondurable goods.......................................................................
Services...........................................................................................
4.6
7.2
-3.0
13.5
3.2
Gross private domestic investment.................................................
Fixed investment..............................................................................
Nonresidential.............................................................................
Structures................................................................................
Equipment and software..........................................................
Residential...................................................................................
Change in private inventories..........................................................
I
II
III
IV
I
III
II
IV
3.6
3.1
1.8
4.2
2.7
1.6
2.3
3.6
1.4
-0.7
2.6
4.7
3.0
1.7
-0.3
-1.2
0.1
2.8
3.0
2.6
-1.6
5.0
3.3
3.0
2.2
-1.9
4.5
3.3
-0.1
-5.8
-2.0
-7.7
3.1
3.7
3.2
-1.6
5.9
4.0
3.2
3.7
-1.4
6.6
2.9
2.3
0.3
-2.8
1.9
3.4
5.4
5.6
2.7
16.4
-1.7
10.9
5.7
5.7
4.7
18.5
0.1
7.7
4.7
4.7
3.5
11.8
0.6
7.1
3.5
3.5
3.3
11.4
0.3
4.1
2.5
2.4
3.0
8.0
1.0
1.3
3.8
3.7
3.9
11.5
0.7
3.4
2.8
2.7
3.2
9.2
0.6
1.5
0.6
0.8
1.6
3.7
0.6
-1.1
Net exports of goods and services
Exports...............................
Goods............................
Services........................
Imports..............................
Goods.............................
Services........................
2.9
1.7
5.8
8.5
9.1
5.4
3.1
2.7
3.8
8.1
9.7
-0.4
2.9
2.7
3.4
1.6
0.8
6.2
5.2
5.5
4.4
4.2
4.0
5.5
5.0
5.5
3.9
3.1
3.2
2.7
0.2
0.9
-1.6
-4.6
-5.4
-0.2
3.6
3.1
4.5
3.2
3.4
2.3
Government consumption expenditures and gross investment....
Federal............................................................................................
National defense..........................................................................
Nondefense.................................................................................
State and local.................................................................................
5.9
3.0
3.0
3.1
7.7
4.9
1.2
1.6
0.4
7.1
5.3
9.8
10.5
8.4
2.8
5.6
4.3
4.6
3.7
6.4
3.1
1.2
1.5
0.7
4.2
2.4
0.5
0.3
0.9
3.4
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
Gross national product (GNP).........................................................
4.2
5.0
5.0
4.2
3.4
4.1
4.1
3.4
3.0
2.8
2.8
3.0
3.6
3.6
3.6
3.6
3.1
2.9
2.9
3.1
Implicit price deflators:
GDP.............................................................................................
Gross domestic purchases..........................................................
GNP.............................................................................................
4.2
5.0
4.2
3.4
4.2
3.4
3.0
2.8
3.0
3.6
3.5
3.6
3.1
2.9
3.1
S “ x la a ryN te a th e do th ta le .
ee E p n to o ” t e n f e b s
2009
2008
I
II
III
IV
I
II
1.8
4.0
0.1
1.9
0.2
5.1
7.0
-1.4
11.5
4.2
1.9
3.7
5.2
0.0
7.8
2.9
3.9
3.8
-0.9
6.1
4.0
4.7
6.8
-1.2
10.8
3.6
-5.0
-16.1
-3.3
-21.5
1.0
-1.5
-6.0
-1.7
-7.9
0.7
1.3
2.6
0.3
3.7
0.7
0.8
0.8
0.9
3.3
-0.2
0.6
1.0
1.1
1.3
3.4
0.2
0.9
-1.6
-0.7
-0.3
0.6
-0.7
-1.5
0.6
1.1
2.1
2.7
1.7
-1.6
2.3
2.5
4.4
6.7
3.1
-3.8
5.3
1.3
4.4
7.9
2.5
-9.5
-1.8
-2.0
-1.3
-3.5
0.1
-4.9
-2.5
-2.5
-3.7
-9.1
-0.5
2.5
4.5
4.2
5.1
6.3
6.2
7.2
3.3
3.0
4.2
6.2
6.1
6.6
6.7
6.8
6.5
20.5
22.9
8.7
7.6
8.3
6.0
15.5
17.2
7.0
10.2
12.1
6.0
21.4
22.4
16.9
6.3
5.6
7.8
7.1
7.1
7.5
-21.4
-25.4
-11.9
-34.3
-37.0
-19.1
-12.6
-14.8
-8.1
-28.3
-31.6
-12.1
0.4
2.4
-3.3
4.3
5.5
-0.3
7.1
8.6
8.3
9.0
6.3
4.7
3.5
4.1
2.3
5.3
2.7
0.6
1.2
-0.7
3.9
5.5
2.5
3.3
0.9
7.3
6.3
5.6
5.5
6.0
6.6
6.3
4.4
5.7
1.7
7.4
4.2
1.9
2.4
0.8
5.6
-5.8
-4.1
-6.0
0.2
-6.9
-1.1
1.7
0.9
3.3
-2.8
0.6
0.6
0.5
0.9
0.6
1.8
1.0
1.0
1.8
4.2
4.2
4.2
4.3
2.7
3.1
3.1
2.7
1.6
2.2
2.2
1.6
2.3
4.6
4.6
2.3
2.0
3.4
3.5
1.9
1.9
3.9
4.0
1.8
4.0
4.3
4.3
4.0
-0.5
-3.8
-4.3
0.0
1.8
-1.4
-1.5
1.8
0.2
0.7
0.7
1.8
0.9
1.8
4.3
4.2
4.3
2.7
3.0
2.7
1.7
2.2
1.7
2.4
4.6
2.4
1.7
3.2
1.8
2.0
4.1
2.0
4.1
4.4
4.2
0.0
-3.9
-0.1
1.9
-1.4
1.9
0.2
0.7
August 2009
Su r v e y
of
29
C u r r e n t B usin ess
Table 4A. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Continues
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2004
2008
I
Gross domestic product (GDP)............................................
Previously published...........................................................
1.1
1.1
1.5
1.4
2.2
2.2
II
2005
IV
III
I
II
2.3
2.4
1.6
1.7
2.2
2.1
2.8
2.9
3.3
3.3
3.3
3.2
2.9
2.7
2.1
2.2
3.5
3.7
3.5
3.8
3.0
2.3
3.0
3.2
3.8
4.0
2.7
2.1
2.0
2.0
2.6
2.6
3.0
2.9
2.7
2.8
2.7
2.6
3.3
3.3
3.4
3.5
3.0
3.8
2.5
2.0
3.3
3.0
2.5
2.5
4.3
4.0
4.5
4.2
3.2
2.7
11.5
10.1
0.5
0.1
6.8
6.8
1.0
0.9
-1.1
-1.1
-0.9
-0.9
-2.2
-2.2
4.6
4.6
-4.4
-4.5
2.7
2.7
1.6
1.7
2.5
2.5
1.9
2.1
1.4
1.4
-0.1
-0.1
-0.1
0.0
-1.4
-1.3
3.1
3.0
-2.9
-2.8
3.8
3.8
1.1
1.0
1.2
1.1
0.0
-0.1
3.9
3.9
-1.2
-1.3
4.4
4.4
0.9
1.0
0.9
1.0
-0.4
-0.3
5.2
5.4
-2.4
-2.3
4.6
4.6
0.4
0.6
0.4
0.6
-0.4
-0.2
4.2
4.4
-2.0
-1.8
2.5
2.5
1.4
1.5
1.5
1.6
0.0
0.1
3.6
3.5
-1.2
-1.1
4.8
4.8
3.5
3.4
3.5
3.4
1.6
1.3
7.6
6.2
-0.4
-0.3
7.3
7.3
4.6
4.4
4.7
4.5
3.3
2.9
13.1
11.8
0.1
-0.1
7.2
7.2
4.4
4.2
4.4
4.2
3.5
3.3
12.9
12.3
0.2
0.1
6.1
5.9
2.2
1.4
2.2
1.4
2.6
1.4
7.4
3.8
0.5
0.3
1.3
1.5
0.6
0.7
0.8
0.6
1.6
1.6
3.2
3.6
0.7
0.6
-1.6
-2.4
4.1
4.1
4.1
4.1
1.2
1.1
8.6
6.8
-1.1
-0.8
9.7
9.8
4.9
4.7
4.9
4.7
2.8
2.4
9.4
7.6
0.7
0.7
8.8
8.8
4.3
3.9
4.4
3.9
2.1
1.3
11.6
10.1
-0.9
-1.7
8.5
8.5
3.8
3.9
3.8
3.9
2.4
2.5
12.9
12.0
-0.9
-0.6
6.2
6.2
2.4
2.5
4.7
4.7
4.8
4.7
4.5
4.4
12.9
11.9
1.8
1.8
5.2
5.2
Net exports of goods and services..................................................
Exports.....................
Previously published
Goods...................
Previously published
Services...............
Previously published
Imports.....................
Previously published
Goods...................
Previously published
Services......................................................................................
Previously published...............................................................
-2.3
-2.3
-3.2
-3.2
-0.1
-0.1
-5.4
-5.4
-6.0
-6.0
-2.0
-2.2
-0.6
-0.6
-1.4
-1.4
1.2
1.3
0.6
0.6
0.1
0.1
3.2
3.2
1.8
1.7
1.3
1.1
3.0
3.1
4.3
4.2
4.9
4.8
1.2
1.4
-0.4
-0.4
-0.6
-0.7
0.1
0.4
-2.4
-2.5
-2.9
-3.0
0.0
0.1
-0.4
-0.4
-0.7
-0.7
0.2
0.4
-1.1
-1.2
-1.8
-1.8
2.2
1.7
2.2
2.2
2.0
2.0
2.6
2.6
3.5
3.5
2.9
2.9
6.3
6.3
3.5
3.5
3.6
3.7
3.3
3.2
4.8
4.9
4.9
4.9
4.5
4.4
3.6
3.6
3.2
3.1
4.6
4.9
6.2
6.3
6.5
6.5
4.6
5.7
3.4
3.5
3.3
3.3
3.7
3.8
4.1
4.3
4.2
4.2
3.8
4.8
3.5
3.5
3.6
3.5
3.5
3.5
3.7
3.7
3.7
3.6
3.9
3.7
4.9
5.3
5.0
5.3
4.8
5.4
10.7
10.4
11.4
11.1
7.2
7.1
5.2
5.5
5.6
6.3
4.2
3.9
9.2
9.2
10.1
10.0
5.0
4.9
5.0
4.8
5.7
5.2
3.6
3.8
5.7
7.3
5.9
7.9
4.8
4.7
2.0
1.9
1.3
1.0
3.7
3.8
4.2
5.3
3.9
5.0
5.9
6.7
4.5
4.2
4.0
3.6
5.6
5.5
10.0
6.9
10.8
7.0
6.0
6.0
4.5
4.6
4.2
4.3
5.0
5.2
3.4
2.3
3.4
2.1
3.4
3.5
2.9
3.5
2.6
3.0
3.5
4.6
5.7
9.7
5.8
10.0
5.3
7.9
Government consumption expenditures and gross investment....
Previously published........................................................................
Federal............................................................................................
Previously published
National defense...
Previously published
Nondefense..........
Previously published
State and local..........
Previously published....................................................................
1.4
1.4
1.1
1.0
1.1
1.0
1.3
1.2
1.5
1.7
3.2
2.8
2.5
2.5
2.5
2.4
2.6
2.8
3.6
2.9
4.0
4.1
3.3
3.2
3.3
3.2
3.3
3.2
4.4
4.5
2.7
2.5
2.0
1.9
2.0
2.0
2.0
1.7
3.1
2.9
2.6
2.9
3.7
3.7
3.8
3.7
3.6
3.5
2.1
2.5
4.2
4.1
4.2
4.2
4.7
4.7
3.5
3.4
4.2
4.1
4.3
4.5
4.7
4.7
4.7
4.7
4.9
4.9
4.0
4.3
5.8
5.9
4.9
4.8
5.4
5.2
3.9
4.0
6.3
6.5
4.8
4.7
4.1
4.1
4.4
4.5
3.5
3.4
5.3
5.1
4.5
4.5
3.5
3.4
3.7
3.5
3.1
3.1
5.1
5.1
4.5
4.7
3.0
3.2
3.3
3.6
2.1
2.6
5.4
5.6
6.7
7.2
11.6
11.6
10.4
10.6
14.0
13.8
4.0
4.6
4.9
5.0
5.1
5.5
5.2
5.6
5.0
5.2
4.8
4.7
5.0
4.8
2.4
2.5
2.8
2.9
1.6
1.4
6.5
6.2
6.0
5.7
2.8
2.6
3.6
3.1
1.1
1.7
7.9
7.6
7.4
7.7
12.0
11.8
13.0
12.6
10.0
10.2
4.8
5.3
4.5
4.1
2.1
1.7
2.2
1.8
1.8
1.6
5.9
5.6
Addenda:
Final sales of domestic product.......................................................
Previously published....................................................................
Gross domestic purchases..............................................................
Previously published....................................................................
Final sales to domestic purchasers.................................................
Previously published....................................................................
Gross national product (GNP).........................................................
Previously published....................................................................
1.2
1.2
0.7
0.6
0.7
0.7
1.1
1.1
1.5
1.5
1.6
1.6
1.6
1.6
1.5
1.4
2.2
2.2
2.5
2.5
2.5
2.5
2.2
2.2
2.3
2.4
1.9
2.0
1.9
2.0
2.3
2.4
1.6
1.7
1.4
1.6
1.4
1.6
1.6
1.7
2.2
2.1
2.3
2.3
2.3
2.3
2.2
2.1
2.8
2.9
3.0
3.1
3.0
3.1
2.8
2.9
3.3
3.3
3.7
3.7
3.7
3.7
3.3
3.3
3.3
3.2
3.4
3.4
3.4
3.4
3.3
3.2
2.9
2.7
2.9
2.8
2.9
2.8
2.9
2.7
2.1
2.2
3.2
3.2
3.2
3.2
2.1
2.2
3.5
3.7
4.1
4.3
4.1
4.3
3.5
3.7
3.5
3.8
3.6
4.2
3.6
4.2
3.5
3.8
3.0
2.3
3.2
2.8
3.2
2.7
3.0
2.3
3.0
3.2
3.8
3.6
3.8
3.6
3.0
3.2
3.8
4.0
3.7
3.7
3.7
3.7
3.8
4.0
2.8
2.1
3.2
3.1
3.2
3.1
2.7
2.1
Implicit price deflators:
GDP.............................................................................................
Previously published...............................................................
Gross domestic purchases..........................................................
Previously published...............................................................
GNP.............................................................................................
Previously published...............................................................
1.1
1.1
0.7
0.6
1.1
1.1
1.5
1.4
1.6
1.6
1.5
1.4
2.2
2.2
2.5
2.5
2.2
2.2
2.3
2.4
1.9
2.0
2.3
2.4
1.6
1.7
1.5
1.6
1.6
1.7
2.2
2.1
2.3
2.3
2.2
2.1
2.8
2.9
3.0
3.1
2.8
2.9
3.3
3.3
3.7
3.7
3.3
3.3
3.3
3.2
3.4
3.4
3.3
3.2
2.9
2.7
2.9
2.8
2.9
2.7
2.1
2.2
3.2
3.2
2.1
2.2
3.5
3.7
4.1
4.3
3.5
3.7
3.4
3.8
3.6
4.2
3.4
3.8
2.9
2.3
3.2
2.7
2.9
2.3
3.0
3.2
3.9
3.7
3.0
3.2
3.7
4.0
3.6
3.7
3.7
4.0
2.7
2.1
3.2
3.1
2.8
2.1
Personal consumption expenditures...............................................
Previously published........................................................................
Gross private domestic investment.................................................
Previously published..
Fixed investment.......
Previously published
Nonresidential......
Previously published
Structures.........
Previously published
Equipment and software
Previously published
Residential............
Previously published
Change in private inventories
N t . C ma o s o th re is de timte fo c mo e ts o p rs n l c n u p n e p n itu s (P E w th
oe o p ris n f e v e s a s r o p n n f e o a o s mtio x e d re C ) ith e
p v u lyp b h de timte a n t s o nb c u eth c mo itio o th s c mo e tsc a g da p rt o th n w
re io s u lis e s a s re o h w e a s e o p s n f e e o p n n h n e s a f e e
c s ific tio s s mth t w sa o te fo P E S te t,
la s a n y te a a d p d r C . ee x
S “ x la a ryN te a th e do th ta le .
ee E p n to o ” t e n f e b s
30
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 4A. Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period—Table Ends
Seasonally adjusted at annual rates
2005
III
2007
2006
IV
II
I
IV
III
I
2008
III
II
IV
Gross domestic product (GDP).............................................
Previously published............................................................
4.2
4.1
3.4
3.7
3.0
3.5
3.6
2.7
3.1
2.8
1.8
2.2
4.2
4.1
2.7
2.0
1.6
1.5
Personal consumption expenditures................................................
Previously published........................................................................
4.6
4.7
3.6
3.3
1.7
1.8
3.0
3.3
3.0
3.1
-0.1
-0.5
3.7
3.4
3.2
3.6
2.3
2.5
Gross private domestic investment.................................................
Previously published........................................................................
Fixed investment..............................................................................
Previously published....................................................................
Nonresidential.....
Previously published
Structures........
Previously published
Equipment and software
Previously published
Residential...........
Previously pubiisned................................................................
Change in private inventories..........................................................
5.4
5.0
5.6
5.3
2.7
2.0
16.4
14.8
-1.7
-2.3
10.9
11.0
5.7
5.4
5.7
5.7
4.7
4.4
18.5
17.0
0.1
0.2
7.7
7.8
4.7
5.2
4.7
5.0
3.5
4.3
11.8
14.1
0.6
0.7
7.1
6.4
3.5
3.5
3.5
3.4
3.3
3.3
11.4
12.0
0.3
-0.1
4.1
3.7
2.5
1.6
2.4
1.5
3.0
1.7
8.0
4.6
1.0
0.5
1.3
1.2
3.8
3.3
3.7
3.2
3.9
2.9
11.5
6.7
0.7
1.2
3.4
3.9
2.8
1.6
2.7
1.6
3.2
1.3
9.2
3.4
0.6
0.4
1.5
2.2
0.6
-0.3
0.8
-0.2
1.6
0.3
3.7
0.7
0.6
0.1
-1.1
-1.3
Net exports of goods and services..................................................
Exports............................................................................................
Previously published....................................................................
Goods..........................................................................................
Previously published
Services..............
Previously published
Imports....................
Previously published
Goods..................
Previously published
Services......................................................................................
Previously published................................................................
2.9
2.5
1.7
1.3
5.8
5.3
8.5
10.3
9.1
10.8
5.4
7.8
3.1
3.2
2.7
2.2
3.8
5.5
8.1
4.5
9.7
5.0
-0.4
2.0
2.9
2.9
2.7
3.0
3.4
2.7
1.6
-1.1
0.8
-2.0
6.2
4.1
5.2
5.8
5.5
6.2
4.4
4.9
4.2
10.3
4.0
10.4
5.5
9.9
5.0
4.7
5.5
5.2
3.9
3.7
3.1
5.0
3.2
5.4
2.7
3.2
0.2
-0.8
0.9
0.0
-1.6
-2.6
-4.6
-9.1
-5.4
-10.1
-0.2
-3.8
3.6
3.6
3.1
3.3
4.5
4.3
3.2
0.9
3.4
0.8
2.3
1.1
Government consumption expenditures and gross investment....
Previously published........................................................................
Federal............................................................................................
Previously published....................................................................
National defense...,
Previously published
Nondefense.........
Previously published
State and local.........
Previously published
5.9
7.0
3.0
3.1
3.0
3.2
3.1
3.0
7.7
9.4
4.9
4.8
1.2
0.8
1.6
1.3
0.4
-0.1
7.1
7.3
5.3
4.9
9.8
10.2
10.5
10.9
8.4
8.9
2.8
2.0
5.6
4.9
4.3
4.1
4.6
4.4
3.7
3.5
6.4
5.4
3.1
3.3
1.2
1.2
1.5
1.5
0.7
0.5
4.2
4.6
2.4
2.3
0.5
0.9
0.3
0.7
0.9
1.2
3.4
3.2
Addenda:
Final sales of domestic product.......................................................
Previously published
Gross domestic purchases
Previously published
Final sales to domestic purchasers.................................................
Previously published....................................................................
Gross national product (GNP).........................................................
Previously published....................................................................
4.2
4.1
5.0
5.2
5.0
5.2
4.2
4.1
3.4
3.8
4.1
3.9
4.1
4.0
3.4
3.7
3.0
3.5
2.8
2.9
2.8
2.8
3.0
3.5
3.6
2.7
3.6
3.6
3.6
3.6
3.6
2.7
3.1
2.7
2.9
2.9
2.9
2.9
3.1
2.8
Implicit price deflators:
GDP.............................................................................................
Previously published................................................................
Gross domestic purchases..........................................................
Previously published................................................................
GNP.............................................................................................
Previously published................................................................
4.2
4.1
5.0
5.2
4.2
4.1
3.4
3.8
4.2
4.0
3.4
3.8
3.0
3.6
2.8
2.9
3.0
3.6
3.6
2.7
3.5
3.6
3.6
2.7
3.1
2.7
2.9
2.9
3.1
2.8
N t . C ma o s o th re is d e timte fo c mo e ts o p rs n l c n u p ne p n itu s (P E w th
oe o p ris n f e v e s a s r o p n n f e o a o s mtio x e d re C ) ith e
p v u lyp b h de timte a n t s o nb c u eth c mo itio o th s c mo e tsc a g da p rt o th n w
re io s u lis e s a s re o h w e a s e o p s n f e e o p n n h n e s a f e e
I
II
2.3
2.8
1.9
2.6
5.1
4.3
3.7
3.6
0.8
-0.3
0.8
-0.4
0.9
-0.6
3.3
0.5
-0.2
-1.2
0.6
0.3
1.0
1.3
1.1
1.2
1.3
1.7
3.4
4.5
0.2
0.4
0.9
0.0
4.5
5.3
4.2
5.1
5.1
5.9
6.3
12.8
6.2
13.0
7.2
11.7
3.3
3.5
3.0
2.8
4.2
5.2
6.2
7.4
6.1
7.7
6.6
6.1
7.1
6.4
8.6
7.6
8.3
7.0
9.0
8.8
6.3
5.7
4.7
5.2
3.5
3.7
4.1
4.3
2.3
2.6
5.3
6.1
1.8
2.2
1.0
0.6
1.0
0.6
1.8
2.2
4.2
4.1
4.2
3.6
4.2
3.7
4.3
4.1
1.8
2.2
0.9
0.6
1.8
2.1
4.3
4.2
4.2
3.7
4.3
4.2
2009
III
IV
I
1.8
1.1
4.0
3.9
0.1
0.5
1.9
2.8
3.9
4.3
4.7
5.0
-5.0
-4.9
-1.5
-0.9
-1.6
-0.5
-0.7
-0.2
-0.3
0.6
0.6
2.7
-0.7
-0.4
-1.5
-2.6
0.6
0.4
1.1
0.8
2.1
2.3
2.7
3.3
1.7
1.7
-1.6
-3.5
2.3
2.0
2.5
2.3
4.4
4.2
6.7
7.1
3.1
2.6
-3.8
-3.3
5.3
4.4
1.3
1.2
4.4
4.6
7.9
7.4
2.5
3.0
-9.5
-9.4
-1.8
-2.2
-2.0
-2.3
-1.3
-1.5
-3.5
-4.4
0.1
0.2
-4.9
-4.9
6.7
6.2
6.8
6.0
6.5
6.6
20.5
12.8
22.9
14.5
8.7
4.5
7.6
9.1
8.3
10.0
6.0
6.9
15.5
12.8
17.2
13.8
7.0
7.8
10.2
10.8
12.1
12.3
6.0
7.5
21.4
28.8
22.4
31.2
16.9
16.8
6.3
6.7
5.6
5.6
7.8
9.3
7.1
9.2
7.1
9.8
7.5
6.2
-21.4
-23.0
-25.4
-26.0
-11.9
-16.1
-34.3
-37.3
-37.0
-41.3
-19.1
-13.3
-12.6
-10.8
-14.8
-11.6
-8.1
-9.3
-28.3
-29.6
-31.6
-32.9
-12.1
-13.4
2.7
3.4
0.6
0.9
1.2
1.6
-0.7
-0.5
3.9
4.9
5.5
5.1
2.5
2.3
3.3
3.1
0.9
0.5
7.3
6.8
6.3
6.2
5.6
5.6
5.5
5.1
6.0
6.8
6.6
6.6
6.3
7.0
4.4
5.1
5.7
6.3
1.7
2.8
7.4
8.1
4.2
4.4
1.9
2.7
2.4
3.1
0.8
1.9
5.6
5.5
-5.8
-5.8
-4.1
-3.4
-6.0
-4.5
0.2
-0.9
-6.9
-7.3
-1.1
-0.4
1.7
2.7
0.9
2.7
3.3
2.6
-2.8
-2.3
2.7
2.0
3.1
3.3
3.1
3.3
2.7
2.0
1.6
1.5
2.2
2.2
2.2
2.2
1.6
1.5
2.3
2.8
4.6
4.0
4.6
4.0
2.3
2.8
2.0
2.7
3.4
3.5
3.5
3.5
1.9
2.6
1.9
1.2
3.9
4.2
4.0
4.3
1.8
1.1
4.0
4.0
4.3
4.5
4.3
4.5
4.0
3.9
-0.5
0.1
-3.8
-3.9
-4.3
-4.3
0.0
0.6
1.8
2.8
-1.4
-1.0
-1.5
-1.0
1.8
2.8
2.7
2.0
3.0
3.3
2.7
2.0
1.7
1.5
2.2
2.2
1.7
1.5
2.4
2.5
4.6
3.7
2.4
2.5
1.7
2.6
3.2
3.4
1.8
2.5
2.0
1.3
4.1
4.4
2.0
1.3
4.1
3.9
4.4
4.4
4.2
3.9
0.0
0.6
-3.9
-3.8
-0.1
0.6
1.9
2.8
-1.4
-1.0
1.9
2.7
c s ific tio s s mth t w sa o te fo P E S te t,
la s a n y te a a d p d r C . ee x
S “ x la a ryN te a th e do th ta le .
ee E p n to o ” t e n f e b s
August 2009
Su r v e y
31
C u r r e n t B u siness
of
Table 5. Real Gross Domestic Product, Quantity Indexes
[Index numbers, 2005=100]
2005
2006
2007
2008
Gross domestic product...................................................
81.367
85.295
88.825
89.783
91.412
93.688
97.036
100.000
102.673
104.872
105.331
Personal consumption expenditures..............................................
Goods.............................................................................................
Durable goods...
Nondurable goods
Services...............
77.849
72.175
60.352
80.285
81.145
78.034
76.822
80.707
115.911
71.358
69.737
82.106
77.924
68.185
84.375
84.469
86.270
82.034
74.167
87.111
88.654
88.603
84.611
78.193
88.681
90.837
90.962
88.050
84.130
90.440
92.568
93.520
92.060
89.203
93.763
94.314
96.754
96.141
95.073
96.756
97.084
100.000
100.000
100.000
100.000
100.000
102.886
103.251
104.064
102.805
102.692
105.612
106.499
108.543
105.405
105.147
105.351
104.296
103.692
104.513
105.883
84.903
83.969
89.129
116.049
81.451
74.098
90.704
90.178
97.864
125.101
89.976
74.839
84.333
88.470
95.137
123.191
87.073
75.263
83.185
84.726
87.593
101.377
83.397
79.210
86.162
87.464
88.398
97.514
85.516
85.724
94.753
93.884
93.743
98.571
92.141
94.136
100.000
100.000
100.000
100.000
100.000
100.000
102.678
102.309
107.913
109.180
107.434
92.679
98.801
100.189
114.617
125.495
110.184
75.490
91.585
95.106
116.502
138.392
107.332
58.213
Exports of goods and services........................................................
80.343
83.849
91.054
85.946
84.224
85.574
93.698
100.000
108.962
118.472
124.842
Imports of goods and services........................................................
64.165
71.550
80.871
78.596
81.270
84.857
94.231
100.000
106.086
108.188
104.721
Government consumption expenditures and gross investment....
Federal...........................................................................................
State and local................................................................................
83.759
77.758
87.291
86.761
79.270
91.179
88.519
79.661
93.744
91.917
82.901
97.236
96.192
88.953
100.473
98.336
94.839
100.408
99.668
98.710
100.234
100.000
100.000
100.000
101.359
102.127
100.910
103.090
103.434
102.886
106.252
111.362
103.355
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
Gross national product....................................................................
81.162
78.885
78.682
80.907
85.123
83.385
83.216
84.897
88.713
87.428
87.318
88.483
90.494
88.508
89.180
89.550
91.699
90.619
90.889
91.138
93.934
93.175
93.406
93.551
96.900
96.942
96.812
97.039
100.000
100.000
100.000
100.000
102.611
102.579
102.520
102.438
105.131
104.046
104.288
104.925
105.980
103.294
103.896
105.552
1998
Gross private domestic investment.................................................
Fixed investment.............................................................................
Nonresidential..............
Structures.................
Equipment and software
Residential...................
2000
1999
2002
2001
2004
2003
Seasonally adjusted
2004
I
2006
2005
II
IV
III
I
II
IV
III
I
II
III
IV
98.195
98.132
97.711
97.340
97.925
98.359
99.175
99.598
100.354
100.873
102.196
102.564
102.592
103.341
96.193
95.375
93.919
96.217
96.633
97.351
97.016
96.502
95.768
96.921
97.294
98.866
98.657
97.992
99.045
98.978
99.818
100.038
100.733
99.650
99.700
100.528
100.797
101.917
100.174
100.384
100.788
100.508
99.359
101.132
100.937
101.901
102.335
103.327
101.793
101.670
102.450
102.501
103.064
102.191
102.421
103.081
103.334
104.216
102.851
102.945
104.112
104.835
105.647
104.383
103.731
94.630
93.189
92.555
98.337
90.653
94.324
95.857
95.166
95.095
99.325
93.669
95.284
97.833
96.779
97.197
99.414
96.410
96.032
99.911
97.968
98.086
101.195
96.994
97.773
98.124
99.704
99.516
100.812
99.041
100.049
99.205
100.975
100.919
98.696
101.697
101.073
102.761
101.352
101.479
99.297
102.268
101.105
104.258
103.670
105.759
103.696
106.542
100.031
104.098
103.186
107.643
109.068
107.101
95.502
102.643
101.880
108.811
111.771
107.681
89.988
99.712
100.499
109.440
112.185
108.414
85.194
91.743
93.175
93.869
96.006
97.788
99.880
99.908
102.424
106.415
108.200
108.353
112.882
90.235
93.849
99.266
99.874
102.673
104.613
105.774
107.040
106.917
99.366
97.749
100.325
99.730
98.304
100.575
97.626
99.482
98.778
99.895
98.187
Government consumption expenditures and gross investment....
Federal............................................................................................
State and local................................................................................
95.213
100.094
100.010
100.140
99.577
99.190
99.806
99.685
99.286
99.922
100.590
101.608
99.995
100.147
99.915
100.277
101.147
102.763
100.205
101.232
101.887
100.851
101.386
101.792
101.149
101.670
102.066
101.437
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
Gross national product....................................................................
95.931
95.518
95.491
96.138
96.408
96.559
96.338
96.604
97.241
97.368
97.264
97.393
98.020
98.321
98.156
98.023
98.847
99.161
98.849
99.270
99.870
99.519
99.776
99.599
100.657
100.324
100.611
100.424
100.626
100.996
100.764
100.707
102.088
102.153
102.051
102.032
102.403
102.503
102.351
102.354
102.462
102.707
102.585
102.274
103.490
102.953
103.092
103.094
Gross domestic product...................................................
95.959
96.641
Personal consumption expenditures..............................................
Goods..............................................................................................
Durable goods.............................................................................
Nondurable goods.......................................................................
Services..........................................................................................
95.676
94.975
93.265
95.962
96.052
Gross private domestic investment.................................................
Fixed investment.............
Nonresidential.............
Structures................
Equipment and software
Residential..................
Change in private inventories
90.691
90.404
90.124
97.210
87.831
90.904
Exports of goods and services
Imports of goods and services
Seasonally adjusted
2007
I
II
2009
2008
III
IV
I
II
III
IV
I
II
Gross domestic product...................................................
103.652
104.475
105.402
105.957
105.764
106.147
105.430
103.984
Personal consumption expenditures..............................................
Goods.............................................................................................
Durable goods.............................................................................
Nondurable goods.......................................................................
Services..........................................................................................
105.059
105.854
107.074
105.177
104.641
105.358
105.904
107.634
104.961
105.068
105.858
106.724
109.001
105.507
105.403
106.175
107.513
110.464
105.973
105.477
106.032
105.983
106.354
105.738
106.047
105.088
103.895
103.083
104.219
105.697
104.267
101.186
97.401
102.929
105.837
104.425
101.817
98.345
103.405
105.761
104.099
100.780
96.560
102.740
105.783
Gross private domestic investment.................................................
Fixed investment.............................................................................
Nonresidential.............................................................................
Structures................................................................................
Equipment and software.........................................................
Residential..................................................................................
98.176
99.838
110.561
116.327
108.285
81.521
99.539
100.726
113.579
122.437
110.007
78.764
99.736
100.626
116.219
129.869
110.615
73.932
97.753
99.564
118.109
133.348
111.829
67.745
106.016
106.121
107.931
105.165
105.953
95.887
97.969
118.674
135.559
111.685
62.355
93.292
97.291
119.083
140.215
110.258
59.738
91.643
95.199
117.210
140.191
107.577
57.208
85.519
89.964
111.040
137.603
99.808
53.549
71.746
79.514
98.061
119.243
89.143
47.478
67.760
76.687
95.791
116.495
87.076
43.541
Exports of goods and services........................................................
113.856
115.302
120.293
124.436
124.395
127.997
126.828
120.149
109.922
107.954
Imports of goods and services........................................................
108.041
108.904
105.853
105.259
100.547
89.804
86.210
101.671
100.738
102.203
103.757
104.871
103.110
107.901
104.169
105.570
103.356
107.225
Government consumption expenditures and gross investment....
Federal...........................................................................................
State and local................................................................................
107.907
102.764
102.558
102.875
104.845
107.654
103.234
105.782
109.698
103.549
107.036
113.152
103.576
107.346
114.946
103.061
106.639
113.693
102.660
108.110
116.672
103.281
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
Gross national product....................................................................
103.956
103.322
103.608
103.337
104.696
103.941
104.147
104.243
105.576
104.480
104.641
105.622
106.297
104.439
104.754
106.500
106.157
104.156
104.521
106.202
106.872
103.925
104.598
106.267
106.084
103.276
103.883
105.773
104.806
101.818
102.583
103.965
103.713
99.566
100.913
102.219
103.662
98.984
100.529
S e“ x la a ryN te a th e do th ta le .
e E p n to o ” t e n f e b s
102.271
102.010
32
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 6. Price Indexes for Gross Domestic Product
[Index numbers, 2005=100]
Seasonally adjusted
1998
1999
2000
2001
2002
2003
2004
2005
2007
2006
2008
2004
I
Gross domestic product.................................... ..........
85.507
86.766
88.648
90.654
92.113
94.099
Personal consumption expenditures (PCE)................................. 86.207 87.596 89.777 91.488 92.736 94.622
Goods.......................................................................................... 95.106 95.603 97.520 97.429 96.430 96.380
Durable goods......................................................................... 116.909 113.741 111.693 109.479 106.672 102.907
84.160 86.259 90.006 90.952 90.878 92.791
Nondurable goods..........
Services..............................
81.695 83.515 85.824 88.428 90.807 93.692
Gross private domestic investment
89.109 88.989 89.954 90.748 91.118 92.411
Fixed investment.................
88.756 88.700 89.751 90.553 90.924 92.301
Nonresidential......................................................................... 97.587 96.173 96.219 95.788 95.363 95.355
67.480 69.559 72.298 76.087 79.292 82.174
Structures...................
Equipment and software...................................................... 110.641 107.406 106.114 103.603 101.494 100.287
Residential......................
71.412 74.151 77.415 80.994 83.002 86.953
Change in private inventories
Exports of goods and services....................................................
90.972
90.408
91.999
91.627
91.253
93.216
Imports of goods and services....................................................
85.748
86.250
89.963
87.762
86.784
89.796
Government consumption expenditures and gross investment
Federal........................................................................................
State and local.............................................................................
76.879
77.931
76.320
79.337
79.886
79.036
82.513
82.524
82.482
84.764
84.201
85.019
87.003
87.318
86.810
Addenda:
PCE excluding food and energy 1................................................
Market-based PCE 2...................................................................
Market-based PCE excluding food and energy 2..........................
Final sales of domestic product............................................. ......
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
88.242
87.074
89.611
85.443
84.962
84.896
85.505
89.555
88.306
90.722
86.720
86.304
86.257
86.764
91.111
90.421
92.092
88.623
88.463
88.436
88.646
92.739
92.139
93.715
90.631
90.123
90.098
90.652
Implicit price deflators:
Gross domestic product..........................................................
Final sales of domestic product................................................
Gross domestic purchases......................................................
Final sales to domestic purchasers..........................................
Gross national product............................................................
85.511
85.443
84.966
84.896
85.509
86.768
86.720
86.307
86.257
86.766
88.647
88.623
88.461
88.436
88.645
90.650
90.631
90.119
90.098
90.648
II
2005
III
IV
I
II
96.769 100.000 103.263 106.221 108.481 95.624 96.441 97.146 97.864 98.774 99.445
97.098 100.000 102.746 105.502 109.031 96.068 96.779 97.376 98.167 98.754 99.374
97.867 100.000 101.508 102.789 106.150 97.110 97.654 97.751 98.953 98.847 99.103
101.005 100.000 98.488 96.714 95.537 101.419 101.344 100.598 100.657 100.548 100.385
96.120 100.000 103.215 106.250 112.188 94.724 95.601 96.160 97.994 97.886 98.375
96.687 100.000 103.411 106.964 110.582 95.513 96.314 97.175 97.748 98.704 99.520
95.632 100.000 104.371 106.677 107.355 94.059 95.181 96.194 97.092 98.208 99.258
95.541 100.000 104.419 106.718 107.551 93.957 95.088 96.113 97.006 98.146 99.237
96.834 100.000 103.534 106.209 107.897 95.927 96.603 97.111 97.696 98.780 99.572
88.441 100.000 112.922 121.275 125.207 85.083 87.025 89.449 92.209 95.042 97.673
99.897 100.000 100.194 100.715 101.455 99.926 100.106 99.887 99.669 100.114 100.234
93.296 100.000 106.081 107.513 105.779 90.544 92.463 94.377 95.802 97.026 98.640
95.130
96.300
96.781
97.857
98.929
99.627
92.123
92.767
93.996
92.053
93.415
94.385
96.654
97.470
98.831
90.650
91.024
90.425
96.517 100.000 103.447 107.103 112.389
94.144 100.000 104.144 108.017 119.559
94.531 100.000 104.842 109.552 114.502
95.335 100.000 104.107 107.754 110.938
94.062 100.000 105.276 110.615 116.642
93.889
95.180
93.139
95.041
95.755
94.624
96.425
96.408
96.432
98.167
99.173
97.578
99.248
99.680
98.993
94.345
93.157
95.110
92.089
91.422
91.396
92.108
95.784
94.983
96.403
94.089
93.550
93.537
94.095
97.788
97.246
98.078
96.759
96.400
96.389
96.765
100.000
100.000
100.000
100.000
100.000
100.000
100.000
102.292
102.762
102.234
103.266
103.380
103.384
103.265
104.699
105.334
104.368
106.226
106.408
106.412
106.223
107.207
108.954
106.811
108.507
109.765
109.792
108.484
96.957
96.321
97.403
95.614
95.151
95.140
95.621
97.592
96.941
97.918
96.431
96.002
95.991
96.438
98.078
97.439
98.268
97.137
96.766
96.756
97.142
98.527
98.285
98.724
97.854
97.681
97.671
97.861
99.229
98.773
99.330
98.766
98.561
98.552
98.771
99.768
99.329
99.779
99.442
99.333
99.330
99.442
92.118
92.089
91.426
91.396
92.113
94.100
94.089
93.550
93.537
94.096
96.770
96.759
96.402
96.389
96.767
100.000
100.000
100.000
100.000
100.000
103.257
103.266
103.375
103.384
103.260
106.214
106.226
106.400
106.412
106.215
108.483
108.507
109.767
109.792
108.486
95.626
95.608
95.151
95.131
95.623
96.435
96.425
95.993
95.981
96.433
97.131
97.130
96.748
96.746
97.128
97.862
97.847
97.675
97.660
97.860
98.766
98.758
98.550
98.542
98.764
99.438
99.434
99.324
99.321
99.437
Seasonally adjusted
2005
III
Gross domestic product...............................................
2006
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
2009
III
IV
I
II
100.470 101.312 102.071 102.980 103.763
100.495 101.377 101.803 102.567 103.316
100.846 101.203 101.116 101.765 102.329
99.623 99.444 99.141
98.742 98.281
101.542 102.197 102.229 103.472 104.621
100.306 101.470 102.171 102.998 103.844
104.237 105.327 106.026
103.298 104.250 105.074
100.822 101.612 102.548
97.789 97.395 97.052
102.539 104.010 105.678
104.630 105.668 106.433
106.460 107.072 107.577 108.061
109.130 109.155 109.661 109.726
105.681
102.627
96.375
106.187
107.327
107.005
104.370
96.034
109.126
108.427
107.974
105.689
96.037
111.185
109.213
109.021
106.678
95.832
112.838
110.296
110.273
108.451
95.537
115.759
111.275
108.855
103.784
94.743
108.971
111.542
108.449
102.186
94.326
106.739
111.749
108.804
102.853
94.399
107.723
111.943
Gross private domestic investment.............................................
Fixed investment..........................................................................
Nonresidential.........................................................................
Structures...................
Equipment and software......................................................
Residential......................
Change in private inventories......................................................
100.570
100.605
100.248
101.447
99.812
101.224
105.653
105.677
104.868
117.111
100.472
107.199
106.761
106.803
106.354
121.786
100.712
107.455
107.024
107.096
106.693
122.804
100.769
107.686
106.586
106.909
106.617
122.976
100.590
107.271
106.745
107.210
107.161
123.800
101.019
106.838
107.350
107.866
108.314
125.814
101.797
105.807
108.738
108.217
109.498
128.238
102.415
103.198
108.245
107.668
109.154
127.092
102.450
101.915
107.566
106.987
108.121
124.100
102.325
102.539
Exports of goods and services
Government consumption expenditures and gross investment
Federal........................................................................................
State and local.............................................................................
100.342 101.102 101.828 103.125
100.863 102.836 103.243 104.322
100.686 101.898 103.232 104.644
100.420 100.728 103.101 104.187
100.842 102.588 103.307 104.916
104.395 104.438 105.355 106.516 107.396
105.121 103.889 104.711 106.332 107.937
105.437 106.055 107.888 109.129 109.854
104.502 104.637 106.808 107.737 107.896
105.990 106.892 108.527 109.949 111.009
Addenda:
PCE excluding food and energy 1................................................
Market-based PCE 2...................................................................
Market-based PCE excluding food and energy 2..........................
Final sales of domestic product...................................................
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
100.172
100.505
100.131
100.475
100.541
100.546
100.471
100.831
101.393
100.760
101.318
101.565
101.571
101.316
101.325
101.845
101.295
102.075
102.275
102.280
102.075
102.057
102.612
102.024
102.985
103.173
103.179
102.983
102.630
103.387
102.599
103.767
103.910
103.914
103.766
103.154
103.202
103.018
104.237
104.162
104.161
104.237
103.862
104.131
103.659
105.325
105.229
105.228
105.329
104.318
104.977
104.078
106.032
106.024
106.030
106.028
Implicit price deflators:
Gross domestic product..........................................................
Final sales of domestic product...............................................
Gross domestic purchases......................................................
Final sales to domestic purchasers.........................................
Gross national product............................................................
100.461
100.469
100.531
100.538
100.463
101.309
101.312
101.562
101.565
101.314
102.071
102.071
102.275
102.276
102.076
102.973
102.982
103.167
103.177
102.976
103.756
103.764
103.904
103.913
103.760
104.218
104.233
104.145
104.159
104.217
105.310
105.319
105.215
105.224
105.311
106.008
106.026
106.008
106.025
106.007
Personal consumption expenditures (PCE).................................
Goods..........................................................................................
Durable goods.........................................................................
Nondurable goods...................................................................
Services.......................................................................................
Imports of goods and services....................................................
101.964
102.012
101.401
105.838
99.840
103.110
103.139
103.195
102.279
108.823
99.977
104.890
104.026
104.089
103.112
111.791
100.042
105.940
104.666
104.713
103.878
113.962
100.285
106.295
106.375
106.380
105.686
119.716
100.611
107.604
106.547
106.591
106.104
120.794
100.766
107.307
109.144 111.156 113.890 115.638
113.088 117.234 123.069 125.203
111.336 113.038 114.772 115.963
108.577 110.077 111.265 111.784
112.975 114.803 116.877 118.493
108.871 105.265 105.368
112.730 103.746 104.845
114.233 113.924 114.093
110.628 111.084 111.256
116.396 115.587 115.755
104.904
105.448
104.502
106.465
106.592
106.598
106.460
105.714
106.781
105.235
107.080
107.786
107.795
107.075
106.333
107.843
105.904
107.623
108.678
108.723
107.581
106.976
108.912
106.504
108.127
109.722
109.785
108.067
107.652
110.280
107.219
109.202
110.871
110.940
109.138
107.866
108.781
107.616
109.078
109.790
109.718
109149
108.173
108.452
108.133
109.566
109.395
109.311
109 647
108.702
108.860
108.754
109.623
109.596
109.502
106.447
106.460
106.581
106.594
106.444
107.069
107.077
107.783
107.792
107.070
107.534
107.622
108.637
108.723
107.538
108.069
108.129
109.729
109.787
108.076
109.172
109.206
110.910
110.942
109.181
109.172
109.083
109.805
109.721
109.167
109.691
109.571
109.422
109.314
109.678
109.753
109.628
109.619
109.505
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
consumption expenditures of nonprofit institutions serving households. Percent changes for these series are included in
services.
the addenda to table 8 and appendix table A.
2. This index is a supplemental measure that is based on household expenditures for which there are observable price
See “Explanatory Note" at the end of the tables,
measures. It excludes most implicit prices (for example, financial sen/ices furnished without payment) and the final
August 2009
Su r v e y
of
33
C u r r e n t B usin ess
Table 7. Real Gross Domestic Product: Percent Change From Preceding Year—Continues
1960
1961
1962
1964
1963
1967
1966
1965
1968
1969
Gross domestic product (GDP).......................................
2.5
2.3
6.1
4.4
5.8
6.4
6.5
2.5
4.8
3.1
Personal consumption expenditures..........................................
Goods..........................................................................................
Durable goods.........................................................................
Nondurable goods...................................................................
Services.....................................................................................
2.7
1.8
2.0
1.7
3.9
2.1
4.9
5.1
11.4
3.1
4.7
4.1
4.0
9.2
2.2
4.2
6.0
6.0
9.3
4.7
6.0
6.3
7.1
12.4
5.0
5.5
5.7
6.3
8.3
5.6
5.0
3.0
2.0
1.5
2.1
4.1
5.8
6.2
11.1
4.2
5.3
3.7
3.1
3.7
2.8
4.5
Gross private domestic investment.............................................
Fixed investment.........................................................................
Nonresidential.........................................................................
Structures............................................................................
Equipment and software.....................................................
Residential..............................................................................
0.0
0.9
5.7
8.0
4.2
-7.1
-0.7
-0.3
-0.6
12.7
9.0
8.7
4.6
11.6
9.6
6.7
7.7
5.6
1.2
8.4
11.8
8.2
9.7
11.9
10.4
12.8
5.8
14.0
10.2
17.4
15.9
18.3
-2.9
8.8
5.7
12.5
6.8
16.0
-8.9
-4.6
-1.8
-1.3
-2.5
-0.7
-3.1
5.8
7.0
4.5
1.4
6.2
13.6
5.8
6.2
7.6
5.4
8.8
3.0
Exports.......................................................................................
Goods....................................................................................
Services.................................................................................
Imports.......................................................................................
Goods....................................................................................
Services.................................................................................
17.4
23.4
1.6
1.3
-1.7
7.8
0.5
0.5
0.6
-0.7
-0.1
-1.7
5.0
4.4
6.9
11.4
14.8
4.7
7.2
7.9
5.1
2.7
4.0
-0.1
11.8
13.7
6.0
5.3
6.6
2.6
2.8
0.5
10.2
10.6
14.1
2.9
6.9
6.9
6.9
14.9
15.8
12.7
2.3
0.5
7.9
7.3
5.3
12.2
7.9
7.9
7.7
14.9
20.6
1.8
Government consumption expenditures and gross investment
Federal.......................................................................................
National defense.....................................................................
Nondefense.............................................................................
State and local............................................................................
0.2
-2.7
-1.6
-7.9
4.4
5.0
4.2
4.4
3.0
6.2
6.2
8.5
6.0
20.7
3.1
2.6
0.1
-2.4
10.7
6.0
2.2
-1.3
-4.0
8.7
6.8
3.0
0.0
-2.1
6.8
6.7
8.8
11.1
14.3
1.0
6.3
7.7
10.0
13.1
-0.9
5.1
3.1
0.8
1.6
-2.4
5.9
4.8
5.2
3.7
5.7
5.5
6.3
-0.2
-3.4
-4.9
2.7
3.4
Addenda:
Final sales of domestic product...................................................
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
Real disposable personal income...............................................
2.6
1.8
1.9
2.5
2.6
2.4
2.3
2.4
2.4
3.4
5.5
6.3
5.8
6.1
4.9
4.5
4.2
4.3
4.4
3.8
6.0
5.5
5.6
5.8
7.2
5.8
6.8
6.2
6.4
6.2
6.0
6.9
6.4
6.4
5.3
3.1
2.8
3.3
2.5
4.4
5.0
5.2
5.3
4.9
4.5
3.1
3.1
3.2
3.1
3.2
1.1
1.2
1.7
1.4
1.3
1.6
................... .................. .................. ................... .................. ..................
1.1
1.4
1.1
1.6
1.8
1.4
2.8
2.9
4.2
2.8
3.1
4.3
4.9
...................
4.9
2.5
2.5
3.9
4.5
Price indexes:
Gross domestic purchases.....................................................
Gross domestic purchases excluding food and energy 1.........
GDP........................................................................................
Personal consumption expenditures.......................................
-3.4
-1.9
1971
1970
1.2
1.0
1.6
1972
1.2
1974
1973
1.4
1.5
1977
1976
1975
1979
1978
Gross domestic product (GDP).......................................
0.2
3.4
5.3
5.8
-0.6
-0.2
5.4
4.6
5.6
3.1
Personal consumption expenditures..........................................
Goods..........................................................................................
Durable goods.........................................................................
Nondurable goods...................................................................
Services.....................................................................................
2.3
0.8
-2.6
2.2
3.9
3.8
4.2
10.0
1.9
3.5
6.2
6.5
12.4
4.0
5.8
5.0
5.2
10.5
2.9
4.7
-0.8
-3.6
-6.4
-2.4
1.9
2.3
0.7
0.2
0.9
3.8
5.6
7.0
12.5
4.8
4.3
4.2
4.3
8.8
2.3
4.1
4.4
4.1
5.2
3.6
4.7
2.4
1.6
-0.5
2.6
3.1
Gross private domestic investment.............................................
Fixed investment.........................................................................
Nonresidential.........................................................................
Structures............................................................................
Equipment and software.....................................................
Residential..............................................................................
-6.6
-2.1
-0.5
0.3
-1.0
-6.0
11.4
7.6
0.0
-1.6
1.0
27.4
11.8
12.0
9.2
3.1
12.9
17.8
11.7
9.1
14.6
8.2
18.3
-0.6
-7.4
-6.3
0.8
-2.2
2.6
-20.6
-17.7
-10.7
-9.9
-10.5
-9.5
-13.0
20.2
9.9
4.9
2.4
6.3
23.5
15.1
14.4
11.3
4.1
15.1
21.5
12.1
12.1
15.0
14.4
15.2
6.3
3.2
5.6
10.1
12.7
8.7
-3.7
-0.6
-2.3
6.1
-11.1
-12.6
-4.3
4.4
4.7
3.0
19.6
22.6
6.9
2.4
1.3
6.5
10.9
12.2
5.0
10.5
11.2
8.4
8.7
9.0
7.1
9.9
11.8
3.1
2.3
0.3
-0.9
3.4
3.7
0.4
0.0
-0.3
1.0
0.7
1.1
2.1
1.2
4.3
0.4
2.9
2.5
0.9
6.2
3.3
Net exports of goods and services.............................................
Exports....
Goods..
Services
Imports....
Goods..
Services
Government consumption expenditures and gross investment
Federal........................................................................................
National defense
Nondefense.....
State and local....
10.7
11.4
8.9
4.3
3.9
5.2
1.7
-0.4
7.7
5.3
8.4
-2.8
7.5
10.8
-0.6
11.3
13.6
4.2
18.9
23.0
7.1
4.6
7.1
-3.4
-2.4
-7.4
-9.1
-1.1
2.8
-2.2
-7.7
-11.3
4.7
3.1
-0.7
-4.1
-7.8
7.1
2.2
-0.4
-4.2
-5.5
-0.6
2.9
7.9
7.9
7.8
-2.3
-2.8
-0.1
2.5
0.9
-0.8
5.2
3.8
Addenda:
Final sales of domestic product...................................................
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
Real disposable personal income...............................................
0.9
-0.2
0.6
0.2
4.3
2.8
3.6
3.0
3.4
4.5
5.3
5.5
5.5
5.3
4.8
5.3
5.0
4.5
6.0
6.8
-0.3
-1.3
-1.0
-0.4
-0.8
1.1
-1.1
0.2
-0.5
2.2
3.9
6.5
5.1
5.5
4.0
4.4
5.3
5.1
4.7
3.4
5.5
5.5
5.4
5.5
4.7
3.6
2.4
2.9
3.4
2.3
Price indexes:
Gross domestic purchases.....................................................
5.4
5.1
4.4
5.8
10.3
9.3
5.7
6.8
7.1
8.8
GDP.......................................................................................
5.3
5.0
4.3
5.5
9.0
9.5
5.7
6.4
7.0
8.3
Personal consumption expenditures.......................................
4.7
4.2
3.4
5.4
10.4
8.4
5.5
6.5
7.0
8.9
1 F o e c d sp rs n l c n u p ne p n itu sfo p rc a e ma a db v ra e , wic a c s ifie info ds rv e .
. o d x lu e e o a o s mtio x e d re r u h s d e ls n e e g s h h re la s d o e ic s
34
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 7, Real Gross Domestic Product: Percent Change From Preceding Year—Continues
1980
1981
1982
1984
1983
1985
1986
1987
1988
1989
Gross domestic product (GDP)........................................
-0.3
2.5
-1.9
4.5
7.2
4.1
3.5
3.2
4.1
3.6
Personal consumption expenditures...........................................
Goods..........................................................................................
Durable goods.........................................................................
Nondurable goods...................................................................
Services......................................................................................
-0.4
-2.5
-8.0
-0.2
1.5
1.5
1.2
1.0
1.3
1.8
1.4
0.7
-0.2
1.0
1.9
5.7
6.4
14.3
3.3
5.2
5.3
7.2
14.3
4.1
3.9
5.2
5.3
10.0
3.0
5.2
4.1
5.6
9.6
3.6
3.0
3.1
1.8
2.0
1.7
4.0
4.0
3.7
5.7
2.6
4.2
2.8
2.5
2.2
2.7
3.0
Gross private domestic investment.............................................
Fixed investment
Nonresidential
Structures
Equipment and software.....................................................
Residential
Change in private inventories......................................................
-11.0
-6.5
-0.3
5.9
-3.6
-21.2
9.0
2.2
5.7
8.0
4.3
-8.0
-14.0
-7.0
-3.8
-1.6
-5.2
-18.2
9.3
7.3
-1.3
-10.8
5.4
41.4
29.5
16.9
17.6
13.9
19.8
14.8
-0.9
5.3
6.6
7.1
6.4
1.6
-0.7
1.2
-2.9
-11.0
1.9
12.3
3.1
0.5
-0.1
-2.9
1.4
2.0
2.4
3.3
5.2
0.7
7.5
-1.0
4.0
3.0
5.6
2.0
7.3
-3.0
Net exports of goods and services.............................................
Exports.....
Goods....
Services
Imports.....
Goods....
Services..................................................................................
10.8
11.9
6.2
-6.6
-7.4
-2.2
1.2
-1.1
10.7
2.6
2.1
5.8
-7.6
-9.0
-2.8
-1.3
-2.5
5.3
-2.6
-2.9
-1.7
12.6
13.6
8.1
8.2
7.9
8.9
24.3
24.2
25.1
3.0
3.7
1.2
6.5
6.3
7.6
7.7
5.1
14.5
8.5
10.2
1.1
16.0
18.8
9.0
3.9
4.0
3.4
11.5
11.9
10.3
4.4
4.3
4.8
Government consumption expenditures and gross investment
Federal........................................................................................
National defense.....................................................................
Nondefense.............................................................................
State and local............................................................................
1.9
4.7
4.4
5.6
-0.1
0.9
4.8
6.3
1.3
-2.0
1.8
3.9
7.6
-4.8
0.0
3.7
6.6
7.2
5.2
1.2
3.4
3.1
4.9
-1.9
3.6
7.0
7.8
8.5
5.9
6.2
6.1
5.7
6.4
3.4
6.4
10.8
11.1
10.0
5.9
4.6
11.8
2.4
3.6
4.7
-0.1
1.4
1.3
-1.6
-0.5
-5.3
3.7
2.7
1.6
-0.5
8.3
3.7
Addenda:
Final sales of domestic product...................................................
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
Real disposable personal income...............................................
0.6
-1.9
-1.0
-0.3
1.0
1.4
2.7
1.5
2.4
2.7
-0.6
-1.3
0.0
-1.9
2.2
4.2
5.8
5.5
4.4
3.3
5.2
8.7
6.7
7.1
7.2
5.3
4.4
5.6
3.8
3.1
3.8
3.7
4.0
3.2
3.3
2.8
2.9
2.5
3.2
1.6
4.3
3.2
3.3
4.2
4.3
3.4
3.0
2.8
3.6
2.7
9.2
..................
9.1
9.4
5.7
6.1
3.5
3.9
3.9
3.5
3.7
3.8
2.8
3.1
3.0
5.5
4.3
3.8
3.3
2.3
3.1
2.2
2.4
2.4
3.1
3.2
2.8
29
3.6
3.4
3.7
3.4
34
4.0
3.8
3.6
3.8
3.7
4.3
Price indexes:
Gross domestic purchases......................................................
Gross domestic purchases excluding food and energy ' .........
GDP........................................................................................
GDP excluding food and energy ' ...........................................
Personal consumption expenditures.......................................
10.5
10.7
1990
8.9
1991
1992
1994
1993
1995
1996
1997
1998
1999
Gross domestic product (GDP)........................................
1.9
-0.2
3.4
2.9
4.1
2.5
3.7
4.5
4.4
4.8
Personal consumption expenditures..........................................
Goods..........................................................................................
Durable goods...
Nondurable goods
Services...............
2.0
0.6
-0.4
1.2
3.0
0.1
-2.0
-5.4
-0.3
1.5
3.4
3.2
5.7
1.9
3.6
3.6
4.2
7.5
2.5
3.2
3.8
5.3
8.0
3.9
3.0
2.7
3.0
3.9
2.5
2.5
3.5
4.5
7.5
2.9
2.9
3.7
4.8
8.2
2.9
3.1
5.2
6.8
12.2
3.8
4.4
5.5
8.0
13.0
5.1
4.1
Gross private domestic investment.............................................
Fixed investment.........................................................................
Nonresidential.............
Structures................
Equipment and software
Residential..................
-3.4
-2.1
0.5
1.5
0.0
-8.6
-8.1
-6.5
-5.4
-11.1
-2.6
-9.6
8.1
5.9
3.2
-6.0
7.3
13.8
8.9
8.6
8.7
-0.6
12.5
8.2
13.6
9.4
9.2
1.8
11.9
9.7
3.1
6.4
10.5
6.4
12.0
-3.3
8.8
9.0
9.3
5.7
10.6
8.0
12.4
9.2
12.1
7.3
13.8
1.9
10.0
10.9
12.0
5.1
14.5
7.7
8.8
9.3
10.4
0.1
14.1
6.3
9.0
8.4
10.5
3.6
2.9
6.5
6.9
7.5
5.4
7.0
9.4
-2.7
3.3
3.3
3.3
8.6
10.0
2.7
8.3
8.8
7.0
8.7
9.4
5.2
11.9
14.4
5.9
13.5
14.4
8.7
0.5
-1.8
-5.0
6.6
2.2
-0.8
-3.9
-5.3
-0.7
1.5
8.7
9.7
6.4
11.9
13.4
5.3
0.0
-3.8
-4.9
-1.4
2.6
10.1
11.7
6.3
8.0
9.0
3.0
3.2
2.0
0.0
8.2
4.1
6.6
6.9
6.0
-0.1
0.5
-2.6
1.1
-0.2
-1.1
2.3
2.1
0.6
-2.7
-3.7
-0.4
2.7
1.0
-1.2
-1.3
-0.8
2.3
1.9
-1.0
-2.8
2.7
3.6
2.3
2.2
2.4
11.7
11.8
10.9
2.1
-1.1
-2.1
0.8
3.9
4.4
3.8
5.7
11.5
12.5
6.8
3.6
1.9
1.9
2.1
4.5
Addenda:
Final sales of domestic product...................................................
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
Real disposable personal income...............................................
2.1
1.4
1.6
2.0
1.9
0.0
-0.9
-0.6
-0.3
0.8
3.1
3.4
3.1
3.4
3.5
2.8
3.4
3.3
2.8
1.7
3.5
4.5
3.8
3.9
3.2
3.0
2.4
2.8
2.6
3.0
3.7
3.8
3.8
3.7
3.3
3.9
4.7
4.2
4.3
3.5
4.4
5.5
5.6
4.3
6.0
4.9
5.7
5.8
4.9
3.0
Price indexes:
Gross domestic purchases......................................................
Gross domestic purchases excluding food and energy 1.........
GDP........................................................................................
GDP excluding food and energy 1...........................................
Personal consumption expenditures.......................................
4.1
3.8
3.9
3.8
4.6
3.3
3.4
3.5
3.5
3.6
2.4
2.6
2.4
2.5
2.9
2.1
2.2
2.2
2.2
2.2
2.1
2.2
2.1
2.1
2.1
2.1
2.2
2.1
2.1
2.2
1.8
1.6
1.9
1.8
2.2
1.5
1.5
1.8
1.8
1.9
0.7
1.0
1.1
1.2
1.0
1.6
1.5
1.5
1.6
1.6
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............................................................................
1 F o e c d sp rs n l c n u p ne p n itu sfo p rc a e ma a db v ra e , wic a c s ifie info ds rv e .
. o d x lu e e o a o s mtio x e d re r u h s d e ls n e e g s h h re la s d o e ic s
August
2009
Su r v e y
of
35
C u r r e n t B usin ess
Table 7. Real Gross Domestic Product: Percent Change From Preceding Year—Table Ends
2000
2001
2002
2004
2003
2005
2007
2006
2008
1.8
2.7
4.1
7.6
2.0
1.9
2.5
3.6
3.1
2.7
2.1
0.4
5.1
5.3
8.8
3.2
5.0
1.1
2.7
3.1
5.4
1.8
2.5
2.8
4.6
6.0
3.7
1.9
3.5
4.4
6.6
3.2
2.9
3.4
4.0
5.2
3.4
3.0
2.9
3.3
4.1
2.8
2.7
2.6
3.1
4.3
2.5
2.4
-0.2
-2.1
-4.5
-0.8
0.7
Gross private domestic investment.............................................
Fixed investment.........................................................................
Nonresidential.........................................................................
Structures............................................................................
Equipment and software.....................................................
Residential..............................................................................
6.8
7.4
9.8
7.8
10.5
1.0
-7.0
-1.9
-2.8
-1.5
-3.2
0.6
-1.4
-4.2
-7.9
-17.7
-4.2
5.2
3.6
3.2
0.9
-3.8
2.5
8.2
10.0
7.3
6.0
1.1
7.7
9.8
5.5
6.5
6.7
1.4
8.5
6.2
2.7
2.3
7.9
9.2
7.4
-7.3
-3.8
-2.1
6.2
14.9
2.6
-18.5
-7.3
-5.1
1.6
10.3
-2.6
-22.9
Exports........................................................................................
Goods..
Services
Imports....
Goods..
Services
00
ii.i
2.7
13.0
13.4
11.0
-5.6
-6.2
-4.1
-2.8
-3.2
-0.8
-2.0
-3.6
1.9
3.4
3.7
1.8
1.6
1.8
1.2
4.4
4.9
1.9
9.5
8.5
11.9
11.0
11.0
11.2
6.7
7.5
5.0
6.1
6.8
2.8
9.0
9.4
7.9
6.1
5.9
7.1
8.7
7.4
11.8
2.0
1.7
3.5
5.4
5.9
4.2
-3.2
-3.9
0.7
Government consumption expenditures and gross investment
Federal........................................................................................
National defense
Nondefense.....
State and local....
2.0
0.5
-0.5
2.4
2.8
3.8
4.1
3.8
4.6
3.7
4.7
7.3
7.4
7.2
3.3
2.2
6.6
8.7
2.8
-0.1
1.4
4.1
5.7
1.0
-0.2
0.3
1.3
1.5
0.9
-0.2
1.4
2.1
1.6
3.2
0.9
1.7
1.3
2.2
-0.6
2.0
3.1
7.7
7.8
7.3
0.5
Addenda:
Final sales of domestic product...................................................
Gross domestic purchases..........................................................
Final sales to domestic purchasers.............................................
Gross national product................................................................
Real disposable personal income...............................................
4.2
4.8
4.9
4.2
5.1
2.0
1.2
2.1
1.2
2.4
1.3
2.4
1.9
1.8
3.3
2.4
2.8
2.8
2.6
2.5
3.2
4.0
3.6
3.7
3.4
3.2
3.2
3.3
3.1
1.3
2.6
2.6
2.5
2.4
4.0
2.5
1.4
1.7
2.4
2.2
0.8
-0.7
-0.4
0.6
0.5
Price indexes:
Gross domestic purchases.....................................................
Gross domestic purchases excluding food and energy 1.........
GDP........................................................................................
GDP excluding food and energy 1...........................................
Personal consumption expenditures.......................................
2.5
2.0
2.2
2.2
2.5
1.9
1.8
2.3
2.0
1.9
1.4
1.7
1.6
1.8
1.4
2.3
2.0
2.2
2.1
2.0
3.0
2.7
2.8
2.8
2.6
3.7
3.3
3.3
3.5
3.0
3.4
3.2
3.3
3.3
2.7
2.9
2.7
2.9
2.8
2.7
3.2
2.6
2.1
2.3
3.3
Gross domestic product (GDP).......................................
4.1
Personal consumption expenditures..........................................
Goods..........................................................................................
Durable goods.........................................................................
Nondurable goods...................................................................
Services......................................................................................
C
O
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services.
36
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 7A. Gross Domestic Product: Levels, Percent Change From Preceding Year, and Revision to Percent Change
Billions of dollars
Year
Gross
domestic
product
Personal
con
sumption
expendi
tures
Gross
private
domestic
investment
Exports
of goods
and
services
Percent change from preceding year
Imports
of goods
and
services
Personal
Gross
con
Govern
domestic sumption
ment 1
product expendi
tures
Gross
private
domestic
investment
Exports
of goods
and
services
Revision to percent change from preceding year2
Imports
of goods
and
services
Govern
ment 1
Gross
domestic
product
Personal
con
sumption
expendi
tures
Gross
Exports
private
of goods
domestic
and
investment services
Imports
of goods
and
services
Govern
ment 1
1959.............
506.6
317.7
78.5
22.7
22.3
110.0
8.4
7.3
21.8
10.5
11.5
3.8
0.0
0.1
0.0
0.0
0.0
0.0
1960.............
1961.............
1962.............
1963.............
1964.............
526.4
544.8
585.7
617.8
663.6
331.8
342.2
363.3
382.7
411.5
78.9
78.2
88.1
93.8
102.1
27.0
27.6
29.1
31.1
35.0
22.8
22.7
25.0
26.1
28.1
111.5
119.5
130.1
136.4
143.2
3.9
3.5
7.5
5.5
7.4
4.4
3.1
6.2
5.3
7.5
0.5
-0.9
12.8
6.4
8.9
19.0
2.1
5.3
6.9
12.7
2.3
-0.7
10.0
4.7
7.5
1.4
7.1
8.9
4.8
5.0
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1965.............
1966.............
1967.............
1968.............
1969.............
719.1
787.7
832.4
909.8
984.4
443.8
480.9
507.8
558.0
605.1
118.2
131.3
128.6
141.2
156.4
37.1
40.9
43.5
47.9
51.9
31.5
37.1
39.9
46.6
50.5
151.4
171.6
192.5
209.3
221.4
8.4
9.5
5.7
9.3
8.2
7.9
8.4
5.6
9.9
8.4
15.9
11.0
-2.1
9.8
10.8
6.1
10.2
6.2
10.2
8.4
12.2
17.5
7.7
16.6
8.5
5.7
13.3
12.2
8.7
5.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
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
-0.1
-0.1
0.0
0.0
0.0
1970.............
1971.............
1972.............
1973.............
1974.............
1,038.3
1,126.8
1,237.9
1,382.3
1,499.5
648.3
701.6
770.2
852.0
932.9
152.4
178.2
207.6
244.5
249.4
59.7
63.0
70.8
95.3
126.7
55.8
62.3
74.2
91.2
127.5
233.7
246.4
263.4
281.7
317.9
5.5
8.5
9.9
11.7
8.5
7.1
8.2
9.8
10.6
9.5
-2.6
16.9
16.5
17.8
2.0
15.0
5.4
12.5
34.5
32.9
10.4
11.8
19.0
22.8
39.8
5.5
5.4
6.9
6.9
12.9
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1975.............
1976.............
1977.............
1978.............
1979.............
1,637.7
1,824.6
2,030.1
2,293.8
2,562.2
1,033.8
1,151.3
1,277.8
1,427.6
1,591.2
230.2
292.0
361.3
438.0
492.9
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
500.7
9.2
11.4
11.3
13.0
11.7
10.8
11.4
11.0
11.7
11.5
-7.7
26.8
23.8
21.2
12.5
9.5
7.8
6.6
17.3
23.1
-3.7
23.2
20.7
16.3
19.0
12.5
7.1
8.1
9.5
10.4
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
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1980.............
1981.............
1982.............
1983.............
1984.............
2,788.1
3,126.8
3,253.2
3,534.6
3,930.9
1,755.8
1,939.5
2,075.5
2,288.6
2,501.1
479.3
572.4
517.2
564.3
735.6
280.8
305.2
283.2
277.0
302.4
293.8
317.8
303.2
328.6
405.1
566.1
627.5
680.4
733.4
796.9
8.8
12.1
4.0
8.7
11.2
10.3
10.5
7.0
10.3
9.3
-2.8
19.4
-9.6
9.1
30.4
22.0
8.7
-7.2
-2.2
9.2
16.3
8.1
-4.6
8.4
23.3
13.1
10.8
8.4
7.8
8.7
0.0
-0.1
0.0
0.0
0.0
-0.1
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
0.0
0.0
0.0
0.0
0.0
1985.............
1986.............
1987.............
1988.............
1989.............
4,217.5
4,460.1
4,736.4
5,100.4
5,482.1
2,717.6
2,896.7
3,097.0
3,350.1
3,594.5
736.2
746.5
785.0
821.6
874.9
302.0
320.3
363.8
443.9
503.1
417.2
452.9
508.7
554.0
591.0
878.9
949.3
999.4
1,038.9
1,100.6
7.3
5.8
6.2
7.7
7.5
8.7
6.6
6.9
8.2
7.3
0.1
1.4
5.1
4.7
6.5
-0.1
6.1
13.6
22.0
13.4
3.0
8.5
12.3
8.9
6.7
10.3
8.0
5.3
4.0
5.9
0.0
0.1
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
0.1
0.0
0.1
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
1990.............
1991.............
1992.............
1993.............
1994.............
5,800.5
5,992.1
6,342.3
6,667.4
7,085.2
3,835.5
3,980.1
4,236.9
4,483.6
4,750.8
861.0
802.9
864.8
953.3
1,097.3
552.1
596.6
635.0
655.6
720.7
629.7
623.5
667.8
720.0
813.4
1,181.7
1,236.1
1,273.5
1,294.8
1,329.8
5.8
3.3
5.8
5.1
6.3
6.7
3.8
6.5
5.8
6.0
-1.6
-6.7
7.7
10.2
15.1
9.7
8.1
6.4
3.2
9.9
6.5
-1.0
7.1
7.8
13.0
7.4
4.6
3.0
1.7
2.7
0.0
0.0
0.1
0.1
0.1
0.0
0.0
0.2
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
1995.............
1996.............
1997.............
1998.............
1999.............
7,414.7
7,838.5
8,332.4
8,793.5
9,353.5
4,987.3
5,273.6
5,570.6
5,918.5
6,342.8
1,144.0
1,240.2
1,388.7
1,510.8
1,641.5
811.9
867.7
954.4
953.9
989.3
902.6
964.0
1,055.8
1,115.7
1,251.4
1,374.0
1,421.0
1,474.4
1,526.1
1,631.3
4.7
5.7
6.3
5.5
6.4
5.0
5.7
5.6
6.2
7.2
4.3
8.4
12.0
8.8
8.7
12.7
6.9
10.0
-0.1
3.7
11.0
6.8
9.5
5.7
12.2
3.3
3.4
3.8
3.5
6.9
0.1
0.0
0.1
0.2
0.4
0.1
0.1
0.1
0.2
0.3
0.0
0.0
-0.1
0.2
1.0
0.0
0.0
0.0
-0.2
0.0
0.1
0.0
0.0
0.1
0.0
0.0
0.0
0.1
0.1
0.2
2000.............
2001.............
2002.............
2003.............
2004.............
9,951.5
10,286.2
10,642.3
11,142.1
11,867.8
6,830.4
7,148.8
7,439.2
7,804.0
8,285.1
1,772.2
1,661.9
1,647.0
1,729.7
1,968.6
1,093.2
1,027.7
1,003.0
1,041.0
1,180.2
1,475.3
1,398.7
1,430.2
1,545.1
1,798.9
1,731.0
1,846.4
1,983.3
2,112.6
2,232.8
6.4
3.4
3.5
4.7
6.5
7.7
4.7
4.1
4.9
6.2
8.0
-6.2
-0.9
5.0
13.8
10.5
-6.0
-2.4
3.8
13.4
17.9
-5.2
2.3
8.0
16.4
6.1
6.7
7.4
6.5
5.7
0.5
0.2
0.1
0.0
-0.1
0.4
0.0
-0.1
0.1
-0.2
1.2
0.8
1.1
-0.2
0.3
-0.1
-0.2
0.2
0.3
-0.2
0.0
-0.1
0.1
0.3
-0.3
-0.1
0.7
0.0
-0.2
-0.2
2005.............
2006.............
2007.............
2008.............
12,638.4
13,398.9
14,077.6
14,441.4
8,819.0
9,322.7
9,826.4
10,129.9
2,172.2
2,327.2
2,288.5
2,136.1
1,305.1
1,471.0
1,655.9
1,831.1
2,027.8
2,240.3
2,369.7
2,538.9
2,369.9
2,518.4
2,676.5
2,883.2
6.5
6.0
5.1
2.6
6.4
5.7
5.4
3.1
10.3
7.1
-1.7
-6.7
10.6
12.7
12.6
10.6
12.7
10.5
5.8
7.1
6.1
6.3
6.3
7.7
0.2
-0.1
0.3
-0.7
0.3
-0.2
-0.1
-0.5
-0.2
0.7
2.4
-0.3
-0.3
-0.2
0.3
-1.2
0.1
0.0
-0.1
0.4
-0.1
-0.2
-0.3
-0.1
1. Government consumption expenditures and gross investment.
2. Revised percent change less the previously published percent change.
August 2 0 0 9
37
S u r v e y o f C u r r e n t B u s in e s s
Table 7B. Real Gross Domestic Product: Levels, Percent Change From Preceding Year, and Revision to Percent Change
Billions of chained (2005) dollars
Year
Gross
domestic
product
Personal
Gross
Exports
con
private
of goods
sumption
domestic
and
expendi
investment services
tures
Imports
of goods
and
services
Percent change from preceding year
Govern
ment1
Revision to percent change from preceding year2
Personal
Gross
Exports Imports
Gross
con
private
of goods of goods
Residual domestic sumption
and
and
domestic
product expendi
investment services services
tures
Personal
Gross
Exports Imports
Gross
con
of goods of goods
private
Govern
domestic sumption
and
domestic
and
ment1
product expendi
investment services services
tures
Govern
ment1
1959............
2,762.5
1,736.7
296.6
83.9
113.0
869.5
-111.2
7.2
5.7
20.2
10.3
10.5
3.4
0.1
0.1
-0.1
0.0
0.0
0.0
1960............
1961............
1962............
1963............
1964............
2,830.9
2,896.9
3,072.4
3,206.7
3,392.3
1,784.4
1,821.2
1,911.2
1,989.9
2,108.4
296.5
294.6
332.0
354.3
383.5
98.5
99.0
104.0
111.5
124.6
114.5
113.8
126.7
130.1
137.0
871.0
914.8
971.1
996.1
1,018.0
-105.0
-118.9
-119.2
-115.0
-105.2
2.5
2.3
6.1
4.4
5.8
2.7
2.1
4.9
4.1
6.0
0.0
-0.7
12.7
6.7
8.2
17.4
0.5
5.0
7.2
11.8
1.3
-0.7
11.4
2.7
5.3
0.2
5.0
6.2
2.6
2.2
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
0.1
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1965............
1966............
1967............
1968............
1969............
3,610.1
3,845.3
3,942.5
4,133.4
4,261.8
2,241.8
2,369.0
2,440.0
2,580.7
2,677.4
437.3
475.8
454.1
480.5
508.5
128.1
137.0
140.1
151.1
158.4
151.6
174.1
186.8
214.7
226.9
1,048.7
1,141.1
1,228.7
1,267.2
1,264.3
-94.2
-103.5
-133.6
-131.4
-119.9
6.4
6.5
2.5
4.8
3.1
6.3
5.7
3.0
5.8
3.7
14.0
8.8
-4.6
5.8
5.8
2.8
6.9
2.3
7.9
4.8
10.6
14.9
7.3
14.9
5.7
3.0
8.8
7.7
3.1
-0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
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
0.0
0.0
1970............
1971............
1972............
1973............
1974............
4,269.9
4,413.3
4,647.7
4,917.0
4,889.9
2,740.2
2,844.6
3,019.5
3,169.1
3,142.8
475.1
529.3
591.9
661.3
612.6
175.5
178.4
191.8
228.0
246.0
236.6
249.2
277.2
290.1
283.5
1,233.7
1,206.9
1,198.1
1,193.9
1,224.0
-118.0
-96.7
-76.4
-45.2
-52.0
0.2
3.4
5.3
5.8
-0.6
2.3
3.8
6.2
5.0
-0.8
-6.6
11.4
11.8
11.7
-7.4
10.7
1.7
7.5
18.9
7.9
4.3
5.3
11.3
4.6
-2.3
-2.4
-2.2
-0.7
-0.4
2.5
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
0.1
0.1
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
0.0
0.0
1975............
1976............
1977............
1978............
1979............
4,879.5
5,141.3
5,377.7
5,677.6
5,855.0
3,214.1
3,393.1
3,535.9
3,691.8
3,779.5
504.1
605.9
697.4
781.5
806.4
244.5
255.1
261.3
288.8
317.5
252.0
301.3
334.2
363.2
369.2
1,251.6
1,257.2
1,271.0
1,308.4
1,332.8
-82.8
-68.7
-53.7
-29.7
-12.0
-0.2
5.4
4.6
5.6
3.1
2.3
5.6
4.2
4.4
2.4
-17.7
20.2
15.1
12.1
3.2
-0.6
4.4
2.4
10.5
9.9
-11.1
19.6
10.9
8.7
1.7
2.3
0.4
1.1
2.9
1.9
0.0
0.1
0.0
0.0
-0.1
0.0
0.1
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
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1980............
1981............
1982............
1983............
1984............
5,839.0
5,987.2
5,870.9
6,136.2
6,577.1
3,766.2
3,823.3
3,876.7
4,098.3
4,315.6
717.9
782.4
672.8
735.5
952.1
351.7
356.0
328.8
320.3
346.4
344.7
353.8
349.3
393.4
489.1
1,358.8
1,371.2
1,395.3
1,446.3
1,494.9
-10.9
8.1
-53.4
-70.8
-42.8
-0.3
2.5
-1.9
4.5
7.2
-0.4
1.5
1.4
5.7
5.3
-11.0
9.0
-14.0
9.3
29.5
10.8
1.2
-7.6
-2.6
8.2
-6.6
2.6
-1.3
12.6
24.3
1.9
0.9
1.8
3.7
3.4
-0.1
0.0
0.0
0.0
0.0
-0.1
0.1
0.0
0.0
0.0
0.0
-0.2
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
-0.1
0.0
0.0
0.0
0.1
1985............
1986............
1987............
1988............
1989............
6,849.3
7,086.5
7,313.3
7,613.9
7,885.9
4,540.4
4,724.5
4,870.3
5,066.6
5,209.9
943.3
936.9
965.7
988.5
1,028.1
357.0
384.4
425.7
493.9
550.6
520.9
565.4
598.9
622.4
649.8
1,599.0
1,696.2
1,737.1
1,758.9
1,806.8
-69.5
-90.1
-86.6
-71.6
-59.7
4.1
3.5
3.2
4.1
3.6
5.2
4.1
3.1
4.0
2.8
-0.9
-0.7
3.1
2.4
4.0
3.0
7.7
10.8
16.0
11.5
6.5
8.5
5.9
3.9
4.4
7.0
6.1
2.4
1.3
2.7
0.0
0.0
-0.2
0.0
0.1
0.0
0.0
-0.2
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
0.1
1990............
1991............
1992............
1993............
1994............
8,033.9
8,015.1
8,287.1
8,523.4
8,870.7
5,316.2
5,324.2
5,505.7
5,701.2
5,918.9
993.5
912.7
986.7
1,074.8
1,220.9
600.2
640.0
684.0
706.4
768.0
673.0
672.0
719.2
781.4
874.6
1,864.0
1,884.4
1,893.2
1,878.2
1,878.0
-67.0
-74.2
-63.3
-55.8
-40.5
1.9
-0.2
3.4
2.9
4.1
2.0
0.1
3.4
3.6
3.8
-3.4
-8.1
8.1
8.9
13.6
9.0
6.6
6.9
3.3
8.7
3.6
-0.1
7.0
8.6
11.9
3.2
1.1
0.5
-0.8
0.0
0.0
0.0
0.1
0.2
0.1
0.0
-0.1
0.1
0.3
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.5
0.0
-0.2
0.0
0.0
0.0
0.0
0.1
0.0
1995............
1996............
1997............
1998............
1999............
9,093.7
9,433.9
9,854.3
10,283.5
10,779.8
6,079.0
6,291.2
6,523.4
6,865.5
7,240.9
1,258.9
1,370.3
1,540.8
1,695.1
1,844.3
845.7
916.0
1,025.1
1,048.5
1,094.3
944.5
1,026.7
1,165.0
1,301.1
1,450.9
1,888.9
1,907.9
1,943.8
1,985.0
2,056.1
-34.3
-24.8
-13.8
-9.5
-1 9
2.5
3.7
4.5
4.4
4.8
2.7
3.5
3.7
5.2
5.5
3.1
8.8
12.4
10.0
8.8
10.1
8.3
11.9
2.3
4.4
8.0
8.7
13.5
11.7
11.5
0.6
1.0
1.9
2.1
3.6
0.0
0.0
0.0
0.2
0.3
0.0
0.1
-0.1
0.2
0.4
0.0
-0.1
0.0
0.2
1.0
0.0
-0.1
0.0
-0.1
0.1
0.0
0.0
-0.1
0.1
0.0
0.1
0.0
0.0
0.2
-0.3
2000............
2001 ............
2002............
2003............
2004............
11,226.0
11,347.2
11,553.0
11,840.7
12,263.8
7,608.1
7,813.9
8,021.9
8,247.6
8,532.7
1,970.3
1,831.9
1,807.0
1,871.6
2,058.2
1,188.3
1,121.6
1,099.2
1,116.8
1,222.8
1,639.9
1,593.8
1,648.0
1,720.7
1,910.8
2,097.8
2,178.3
2,279.6
2,330.5
2,362.0
1.4
-4.7
-6.7
-5.1
-1.1
4.1
1.1
1.8
2.5
3.6
5.1
2.7
2.7
2.8
3.5
6.8
-7.0
-1.4
3.6
10.0
8.6
-5.6
-2.0
1.6
9.5
13.0
-2.8
3.4
4.4
11.0
2.0
3.8
4.7
2.2
1.4
0.4
0.3
0.2
0.0
0.0
0.4
0.2
0.0
0.0
-0.1
1.1
0.9
1.2
0.0
0.3
-0.1
-0.2
0.3
0.3
-0.2
-0.1
-0.1
0.0
0.3
-0.3
-0.1
0.4
0.3
-0.3
0.0
2005............
2006............
2007............
2008
12,638.4
12,976.2
13,254.1
13,312.2
8,819.0
9,073.5
9,313.9
9,290.9
2,172.2
2,230.4
2,146.2
1,989.4
1,305.1
1,422.0
1,546.1
1,629.3
2,027.8
2,151.2
2,193.8
2,123.5
2,369.9
2,402.1
2,443.1
2,518.1
0.0
-0.6
-1.4
8.0
3.1
2.7
2.1
0.4
3.4
2.9
2.6
-0.2
5.5
2.7
-3.8
-7.3
6.7
9.0
8.7
5.4
6.1
6.1
2.0
-3.2
0.3
1.4
1.7
3.1
0.2
-0.1
0.1
-0.7
0.4
-0.1
-0.2
-0.4
-0.3
0.6
1.6
-0.6
-0.3
-0.1
0.3
-0.8
0.2
0.1
-0.2
0.3
-0.1
-0.3
-0.4
0.2
1. Government consumption expenditures and gross investment.
2. Revised percent change less the previously published percent change.
Note. Users are cautioned that particularly for components that exhibit rapid change 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. For accurate estimates of the contributions to percent changes in
real GDP, use table 2. See “Explanatory Note" at the end of the tables.
38
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 7C. Chain-Type Price Indexes for Gross Domestic Product, Percent Change From Preceding Year, and Revision to Percent Change
Chain-type price indexes, 2005=100
Year
Percent change from preceding year
Revision to percent change from preceding year2
Personal Gross
Personal Gross
Personal Gross
Exports Imports
Gross
Exports Imports
Gross
Exports Imports
Gross
con
con
Gross
Gross
con
private
private
Gross
private
of goods of goods Govern domestic
of goods of goods Govern domestic
of goods of goods Govern domestic
domestic sumption domestic
domestic sumption domestic
domestic sumption domestic
and
ment'
pur
and
and
ment1
pur
and
and
and
m ent'
pur
product expendi invest
product expendi invest
invest
product expendi
services services
chases
services services
chases
services services
chases
ment
tures
ment
tures
ment
tures
1959.........
18.348
18.305
26.477
27.073
19.752
12.653
17.972
1.1
1.5
0.9
0.2
0.9
0.4
1.2
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
1960.........
1961.........
1962.........
1963.........
1964.........
18.604
18.814
19.071
19.273
19.572
18.606
18.801
19.023
19.245
19.527
26.607
26.533
26.548
26.463
26.613
27.453
27.871
27.940
27.877
28.107
19.941
19.941
19.706
20.088
20.512
12.809
13.065
13.398
13.690
14.070
18.220
18.412
18.654
18.871
19.175
1.4
1.1
1.4
1.1
1.6
1.6
1.0
1.2
1.2
1.5
0.5
-0.3
0.1
-0.3
0.6
1.4
1.5
0.2
-0.2
0.8
1.0
0.0
-1.2
1.9
2.1
1.2
2.0
2.5
2.2
2.8
1.4
1.1
1.3
1.2
1.6
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.1
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
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1965.........
1966.........
1967.........
1968.........
1969.........
19.928
20.493
21.124
22.022
23.110
19.810
20.313
20.824
21.636
22.616
27.037
27.592
28.320
29.378
30.770
29.001
29.877
31.022
31.698
32.771
20.797
21.281
21.364
21.689
22.254
14.444
15.044
15.671
16.520
17.517
19.507
20.054
20.637
21.508
22.563
1.8
2.8
3.1
4.3
4.9
1.4
2.5
2.5
3.9
4.5
1.6
2.1
2.6
3.7
4.7
3.2
3.0
3.8
2.2
3.4
1.4
2.3
0.4
1.5
2.6
2.7
4.2
4.2
5.4
6.0
1.7
2.8
2.9
4.2
4.9
0.0
0.0
0.0
0.0
-0.1
-0.1
0.0
0.0
0.0
-0.1
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
0.0
0.0
0.0
0.0
0.0
0.0
1970.........
1971.........
1972.........
1973.........
1974.........
24.328
25.545
26.647
28.124
30.669
23.674
24.680
25.525
26.901
29.703
32.072
33.671
35.077
36.972
40.648
34.027
35.283
36.928
41.784
51.478
23.570
25.017
26.770
31.423
44.957
18.945
20.421
21.989
23.594
25.977
23.778
25.000
26.112
27.623
30.459
5.3
5.0
4.3
5.5
9.0
4.7
4.2
3.4
5.4
10.4
4.2
5.0
4.2
5.4
9.9
3.8
3.7
4.7
13.1
23.2
5.9
6.1
7.0
17.4
43.1
8.2
7.8
7.7
7.3
10.1
5.4
5.1
4.4
5.8
10.3
0.0
0.0
0.0
-0.1
0.0
0.0
-0.1
-0.1
0.0
0.1
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
0.1
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
0.1
1975.........
1976.........
1977.........
1978.........
1979.........
33.577
35.505
37.764
40.413
43.773
32.184
33.950
36.155
38.687
42.118
45.666
48.190
51.805
56.030
61.099
56.738
58.600
60.987
64.703
72.490
48.699
50.165
54.586
58.440
68.434
28.586
30.469
32.583
34.670
37.575
33.300
35.208
37.586
40.252
43.797
9.5
5.7
6.4
7.0
8.3
8.4
5.5
6.5
7.0
8.9
12.3
5.5
7.5
8.2
9.0
10.2
3.3
4.1
6.1
12.0
8.3
3.0
8.8
7.1
17.1
10.0
6.6
6.9
6.4
8.4
9.3
5.7
6.8
7.1
8.8
0.0
-0.1
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
-0.1
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
-0.1
0.0
0.0
0.0
1980.........
1981.........
1982.........
1983.........
1984.........
47.776
52.281
55.467
57.655
59.823
46.641
50.810
53.615
55.923
58.038
66.836
73.154
76.899
76.706
77.256
79.843
85.744
86.138
86.478
87.280
85.240
89.822
86.794
83.541
82.820
41.669
45.768
48.775
50.717
53.319
48.408
52.864
55.859
57.817
59.854
9.1
9.4
6.1
3.9
3.8
10.7
8.9
5.5
4.3
3.8
9.4
9.5
5.1
-A.3
0.7
10.1
7.4
0.5
0.4
0.9
24.6
5.4
-3.4
-3.7
-0.9
10.9
9.8
6.6
4.0
5.1
10.5
9.2
5.7
3.5
3.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
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
0.1
0.0
0.0
0.0
1985.........
1986.........
1987.........
1988.........
1989.........
61.633
63.003
64.763
66.990
69.520
59.938
61.399
63.589
66.121
68.994
78.047
79.737
81.263
83.120
85.107
84.609
83.342
85.451
89.876
91.373
80.100
80.097
84.948
89.011
90.956
54.974
55.977
57.541
59.074
60.924
61.553
62.948
64.923
67.159
69.706
3.0
2.2
2.8
3.4
3.8
3.3
2.4
3.6
4.0
4.3
1.0
2.2
1.9
2.3
2.4
-3.1
-1.5
2.5
5.2
1.7
-3.3
0.0
6.1
4.8
2.2
3.1
1.8
2.8
2.7
3.1
2.8
2.3
3.1
3.4
3.8
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.1
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
-0.1
0.0
0.0
0.0
0.0
1990.........
1991.........
1992.........
1993.........
1994.........
72.213
74.762
76.537
78.222
79.867
72.147
74.755
76.954
78.643
80.265
86.747
87.981
87.672
88.673
89.828
91.993
93.212
92.833
92.808
93.842
93.563
92.783
92.856
92.144
93.009
63.405
65.606
67.276
68.949
70.819
72.540
74.917
76.724
78.339
79.962
3.9
3.5
2.4
2.2
2.1
4.6
3.6
2.9
2.2
2.1
1.9
1.4
-0.4
1.1
1.3
0.7
1.3
-0.4
0.0
1.1
2.9
-0.8
0.1
-0.8
0.9
4.1
3.5
2.5
2.5
2.7
4.1
3.3
2.4
2.1
2.1
0.0
0.0
0.1
-0.1
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.4
0.0
0.1
0.0
0.1
0.1
0.1
0.0
0.1
0.0
0.0
0.1
-0.1
0.0
1995.........
1996.........
1997.........
1998.........
1999.........
81.533
83.083
84.554
85.507
86.766
82.041
83.826
85.395
86.207
87.596
90.840
90.455
90.120
89.109
88.989
95.997
94.727
93.103
90.972
90.408
95.557
93.891
90.627
85.748
86.250
72.753
74.488
75.854
76.879
79.337
81.674
83.150
84.397
84.962
86.304
2.1
1.9
1.8
1.1
1.5
2.2
2.2
1.9
1.0
1.6
1.1
-0.4
-0.4
-1.1
-0.1
2.3
-1.3
-1.7
-2.3
-0.6
2.7
-1.7
-3.5
-5.4
0.6
2.7
2.4
1.8
1.4
3.2
2.1
1.8
1.5
0.7
1.6
0.1
0.0
0.1
0.0
0.1
0.1
0.0
0.2
0.1
-0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.4
0.0
0.0
0.1
0.1
0.0
2000.........
2001.........
2002.........
2003.........
2004.........
88.648
90.654
92.113
94.099
96.769
89.777
91.488
92.736
94.622
97.098
89.954
90.748
91.118
92.411
95.632
91.999
91.627
91.253
93.216
96.517
89.963
87.762
86.784
89.796
94.144
82.513
84.764
87.003
90.650
94.531
88.463
90.123
91.422
93.550
96.400
2.2
2.3
1.6
2.2
2.8
2.5
1.9
1.4
2.0
2.6
1.1
0.9
0.4
1.4
3.5
1.8
-0.4
-0.4
2.2
3.5
4.3
-2.4
-1.1
3.5
4.8
4.0
2.7
2.6
4.2
4.3
2.5
1.9
1.4
2.3
3.0
0.0
-0.1
-0.1
0.1
-0.1
0.0
-0.2
0.0
0.0
0.0
0.1
-0.1
-0.2
-0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.0
-0.1
-0.1
0.2
-0.3
0.1
-0.2
0.0
-0.1
-0.2
0.0
-0.1
2005.........
2006.........
2007.........
2008
100.000
103.263
106.221
108.481
100.000
102.746
105.502
109.031
100.000
104.371
106.677
107.355
100.000
103.447
107.103
112.389
100.000
104.144
108.017
119.559
100.000
104.842
109.552
114.502
100.000
103.380
106.408
109.765
3.3
3.3
2.9
2.1
3.0
2.7
2.7
3.3
4.6
4.4
2.2
0.6
3.6
3.4
3.5
4.9
6.2
4.1
3.7
10.7
5.8
4.8
4.5
4.5
3.7
3.4
2.9
3.2
0.0
0.1
0.2
-0.1
0.1
-0.1
0.1
0.0
0.2
0.2
0.8
-0.1
0.0
-0.1
0.0
-0.4
-0.1
-0.2
0.0
0.3
-0.1
0.1
0.0
-0.2
0.0
0.0
0.1
0.0
1. Government consumption expenditures and gross investment.
2. Revised percent change less the previously published percent change.
August 2 0 0 9
39
S u r v e y o f C u r r e n t B u s in e s s
Table 8. Real Gross Domestic Product: Percent Change From Quarter One Year Ago
2004
II
I
2006
2005
IV
III
I
II
IV
III
II
I
III
Grass domestic product (GDP)...........................................
4.1
4.0
3.1
3.1
3.4
3.1
3.1
2.7
3.0
3.0
2.2
Personal consumption expenditures (PCE)....................................
Goods..............................................................................................
Durable goods.............................................................................
Nondurable goods.......................................................................
Services..........................................................................................
3.9
6.1
10.0
3.8
2.7
3.5
4.7
6.6
3.6
2.8
2.9
3.1
4.5
2.4
2.8
3.5
3.9
5.5
3.0
3.4
3.3
3.9
5.1
3.2
3.0
3.8
4.9
7.3
3.6
3.2
3.6
4.5
6.4
3.4
3.2
2.7
2.9
2.1
3.3
2.6
3.1
3.7
5.4
2.8
2.7
2.6
2.5
2.3
2.6
2.7
2.5
2.5
2.3
2.7
2.6
Gross private domestic investment.................................................
Fixed investment
Nonresidential
Structures
Equipment and software.........................................................
Residential..................................................................................
Change in private inventories..........................................................
8.7
7.5
5.6
1.7
6.9
11.4
12.7
8.1
5.6
-0.1
7.5
13.0
10.2
6.9
6.0
1.1
7.7
8.6
8.4
6.8
7.0
1.7
8.8
6.6
10.2
8.4
8.8
4.1
10.4
7.6
3.7
7.0
7.5
2.5
9.3
6.1
3.5
6.1
6.1
-0.6
8.6
6.1
5.0
4.7
4.4
-0.1
6.1
5.3
4.4
5.8
7.8
2.5
9.8
2.3
6.1
3.5
8.2
8.2
8.1
-4.5
3.5
0.9
7.8
13.2
5.9
-11.0
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................................................................................
9.7
8.2
13.1
9.1
9.2
8.7
11.7
10.1
15.6
11.9
11.0
16.3
9.6
9.4
10.2
12.2
12.4
11.3
7.1
6.2
9.1
10.9
11.4
8.8
6.6
6.7
6.3
8.8
9.7
4.3
7.2
8.4
4.5
5.8
6.4
2.6
6.4
6.8
5.7
4.9
5.4
2.3
6.7
8.1
3.6
5.2
5.7
2.3
8.8
10.4
5.4
6.5
6.4
7.2
8.3
8.8
7.3
6.6
6.5
7.0
8.5
9.1
6.9
7.2
7.2
7.0
2.3
7.0
10.9
0.1
-0.2
1.2
2.7
2.8
2.5
0.4
1.3
4.4
7.1
-0.8
-0.5
0.6
2.3
2.4
2.3
-0.4
0.2
1.5
1.8
0.9
-0.5
0.0
1.0
2.0
-1.0
-0.6
0.5
1.6
1.8
1.2
-0.1
0.7
1.2
0.4
2.6
0.4
1.6
3.6
2.1
6.8
0.4
1.6
2.6
1.6
4.8
0.9
0.8
0.2
-1.6
3.9
1.2
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
Gross national product....................................................................
Real disposable personal income...................................................
4.0
4.3
4.1
4.6
4.0
3.3
4.4
3.7
4.2
3.4
2.6
3.7
3.2
3.3
2.7
2.8
3.8
3.5
2.8
3.5
3.0
3.8
3.5
3.3
1.8
3.6
3.1
3.6
3.1
1.5
3.5
3.0
3.4
3.1
1.4
2.7
2.7
2.7
2.7
0.6
3.3
3.0
3.2
2.8
3.7
2.5
3.0
2.6
2.8
3.9
1.8
2.4
2.0
1.8
3.8
Price indexes:
Gross domestic purchases.........................................................
Gross domestic purchases excluding food and energy 1.............
GDP............................................................................................
GDP excluding food and energy 1...............................................
PCE.............................................................................................
PCE excluding food and energy 1...............................................
Market-based PCE2...................................................................
Market-based PCE excluding food and energy2.........................
2.2
2.1
2.3
2.0
2.0
1.8
1.8
1.5
3.0
2.7
2.8
2.7
2.7
2.1
2.5
1.8
3.3
3.0
3.0
3.1
2.7
2.2
2.4
1.7
3.7
3.2
3.2
3.3
3.0
2.2
2.8
1.9
3.6
3.4
3.3
3.5
2.8
2.3
2.5
2.0
3.5
3.3
3.1
3.4
2.7
2.2
2.5
1.9
3.9
3.3
3.4
3.5
3.2
2.1
3.1
1.9
4.0
3.5
3.5
3.7
3.3
2.3
3.2
2.1
3.8
3.2
3.3
3.4
3.1
2.1
3.1
2.0
3.9
3.4
3.6
3.6
3.2
2.3
3.3
2.2
3.4
3.2
3.3
3.3
2.8
2.5
2.9
2.5
2007
2006
IV
II
I
2009
2008
III
IV
I
II
IV
III
I
II
Gross domestic product (GDP)...........................................
2.4
1.4
1.9
2.7
2.5
2.0
1.6
0.0
-1.9
-3.3
-3.9
Personal consumption expenditures (PCE)....................................
Goods.............................................................................................
Durable goods.............................................................................
Nondurable goods.................................... ..................................
Services..........................................................................................
3.3
4.3
6.3
3.2
2.8
-3.0
-0.8
7.8
13.0
6.0
-15.7
3.1
3.4
3.6
3.3
2.9
-5.8
-3.7
4.5
12.2
1.6
-18.5
2.8
3.3
4.4
2.7
2.6
2.7
3.3
4.6
2.6
2.4
2.0
2.6
4.6
1.5
1.7
0.6
0.1
-1.2
0.7
0.9
-0.7
-2.7
-5.4
-1.2
0.3
-1.8
-5.9
-11.8
-2.9
0.3
-1.5
-4.1
-8.9
-1.7
-0.2
-1.8
-4.9
-9.2
-2.8
-0.2
-4.4
-2.4
5.5
12.3
2.7
-17.5
-2.8
-1.2
6.8
16.2
2.7
-17.8
-2.0
-0.9
7.9
18.9
3.2
-20.5
0.9
0.3
0.8
0.0
1.3
-2.3
-1.9
7.3
16.5
3.1
-23.5
-6.3
-3.4
4.8
14.5
0.2
-24.2
-8.1
-5.4
0.9
7.9
-2.7
-22.6
-12.5
-9.6
-6.0
3.2
-10.7
-21.0
-25.2
-18.8
-17.4
-12.0
-20.2
-23.9
-27.4
-21.2
-19.6
-16.9
-21.0
-27.1
Net exports of goods and services.................................................
Exports............................................................................................
Goods.........................................................................................
Services
Imports.....
Goods...
Services
10.2
9.4
12.0
4.1
3.6
7.1
7.0
5.8
9.7
3.3
3.3
3.3
6.6
5.5
9.0
2.0
1.8
3.4
11.0
9.2
15.3
1.7
1.1
5.2
10.2
9.0
13.0
0.9
0.7
2.0
9.3
9.3
9.1
-0.8
-1.4
2.6
11.0
11.3
10.4
-1.9
-2.3
0.2
5.4
7.0
1.9
-3.3
-3.9
-0.4
-3.4
-3.4
-3.5
-6.8
-8.1
0.2
-15.7
-19.6
-7.1
-18.6
-21.3
-4.8
Government consumption expenditures and gross investment....
Federal............................................................................................
National defense.........................................................................
Nondefense.................................................................................
State and local................................................................................
1.5
2.2
4.4
-2.3
1.2
0.5
-2.0
-0.2
-5.5
2.0
1.5
0.7
1.7
-1.4
2.0
2.3
3.0
4.6
-0.2
1.9
2.5
3.4
2.6
5.2
1.9
3.1
6.9
6.7
7.1
1.0
2.9
7.0
6.3
8.3
0.7
3.2
7.9
8.6
6.3
0.5
3.0
8.9
9.5
7.5
-0.3
-11.6
-14.8
-4.8
-16.2
-18.8
-3.6
1.7
5.6
6.0
4.8
-0.6
1.8
1.1
1.5
1.3
3.1
2.2
1.4
1.8
1.8
2.3
3.0
1.7
2.0
3.3
2.3
2.7
1.4
1.6
3.3
1.0
2.1
0.8
0.9
2.8
0.0
2.1
0.0
0.4
1.9
2.2
0.5
-1.2
-0.7
0.1
-0.5
-1.4
-2.5
-2.1
-2.4
0.3
-2.3
-4.4
-3.5
-3.8
1.2
-3.0
-4.8
-3.9
Real disposable personal income...................................................
2.8
1.9
2.3
2.4
4.6
-0.3
Price indexes:
Gross domestic purchases.........................................................
Gross domestic purchases excluding food and energy 1.............
GDP............................................................................................
GDP excluding food and energy 1
PCE........................................
PCE excluding food and energy 1
Market-based PCE 2...................................................................
Market-based PCE excluding food and energy2.........................
2.6
2.9
2.9
3.0
1.9
2.3
1.8
2.2
2.9
3.0
3.2
3.1
2.4
2.5
2.2
2.3
2.8
2.6
3.0
2.7
2.4
2.2
2.3
2.0
2.6
2.6
2.6
2.6
2.3
2.2
2.0
1.9
3.5
2.8
2.7
2.8
3.6
2.5
3.5
2.2
3.3
2.5
2.1
2.4
3.6
2.4
3.6
2.2
3.5
2.8
1.9
2.4
3.8
2.5
3.7
2.3
4.0
2.9
2.5
2.7
4.3
2.6
4.6
2.6
1.9
2.0
1.9
1.7
1.7
2.0
1.9
2.3
0.7
1.4
1.9
1.2
0.4
1.7
0.6
2.1
-0.1
0.9
1.5
0.9
-0.2
1.6
0.0
2.1
Gross private domestic investment.................................................
Fixed investment.............................................................................
Nonresidential..............
Structures.................
Equipment and software
Residential..................
Change in private inventories
Addenda:
Final sales of domestic product.......................................................
Gross domestic purchases..............................................................
Final sales to domestic purchasers.................................................
2.2
6.4
7.5
3.9
-0.3
1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classiobservable price measures. It excludes most implicit prices (for example, financial services furnished without
fied in food services.
payment) and the final consumption expenditures of nonprofit institutions serving households.
2. This index is a supplemental measure that is based on household expenditures for which there are
40
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 9. Relation of Gross Domestic Product, Gross National Product, and National Income
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2007
2006
2008
2004
I
II
2005
III
IV
I
II
Gross domestic product...........................................
8,793.5
9,353.5
Plus: Income receipts from the rest of the world..........
Less: Income payments to the rest of the world...........
286.2
268.9
319.5
291.7
Equals: Gross national product................................
8,810.8
9,381.3
Less: Consumption of fixed capital...............................
Less: Statistical discrepancy........................................
1,020.5
-85.3
1,094.4
-71.1
Equals: National income...........................................
Compensation of employees...................................
Wage and salary accruals....................................
Supplements to wages and salaries.....................
Proprietors’ income with inventory valuation and
capital consumption adjustments.........................
Rental income of persons with capital consumption
adjustment...........................................................
Corporate profits with inventory valuation and capital
consumption adjustments....................................
Net interest and miscellaneous payments................
Taxes on production and imports less subsidies......
Business current transfer payments (net).................
Current surplus of government enterprises..............
7,875.6
5,023.2
4,180.9
842.3
8,358.0
5,353.9
4,465.2
888.8
687.5
746.8
817.5
870.7
890.3
930.6
1,033.8
1,069.8
1,133.0
1,096.4
1,106.3
1,002.1
1,029.8
1,040.1
1,063.1
1,046.8
191.5
208.2
215.3
232.4
218.7
204.2
198.4
178.2
146.5
144.9
210.4
204.2
197.1
196.8
195.4
190.7
181.5
812.4
479.3
603.1
65.2
13.3
856.3
481.4
628.4
69.0
14.1
819.2
539.3
662.7
87.0
9.1
784.2
544.4
669.0
101.3
4.0
872.2
506.4
721.4
82.4
6.3
977.8
504.1
757.7
76.1
7.0
1,246.9
461.6
817.0
81.7
1.2
1,456.1
543.0
869.3
95.9
-3.5
1,608.3
652.2
935.5
83.0
-4.2
1,541.7
739.2
974.0
102.2
-6.6
1,360.4
815.1
993.8
118.8
-6.9
1,187.2
467.7
798.7
77.8
3.7
1,226.9
460.6
812.1
80.0
1.9
1,292.2
454.0
822.9
79.0
0.3
1,281.4
464.2
834.3
89.9
-0.9
1,408.2
509.4
848.7
96.5
-1.8
1,429.0
528.0
864.2
99.6
-3.1
Addendum:
Gross domestic income...........................................
8,878.8
9,951.5 10,286.2 10,642.3 11,142.1 11,867.8 12,638.4 13,398.9 14,077.6 14,441.4 11,597.2 11,778.4 11,950.5 12,144.9 12,379.5 12,516.8
380.5
323.0
313.5
353.3
448.6
573.0
721.1
861.8
809.2
418.2
434.4
485.4
456.3
535.5
551.3
264.4
342.8
271.1
284.6
357.4
475.9
648.6
746.0
667.3
307.6
348.6
413.8
428.7
359.5
455.1
9,989.2 10,338.1 10,691.4 11,210.8 11,959.0 12,735.5 13,471.3 14,193.3 14,583.3 11,707.8 11,864.2 12,047.3 12,216.6 12,486.3 12,613.0
1,184.3 1,256.2 1,305.0 1,354.1 1,432.8 1,541.4 1,660.7 1,760.0 1,847.1 1,396.7 1,419.5 1,444.4 1,470.4 1,495.7 1,524.2
-134.0 -103.4
-22.1
-79.7 -220.6
16.6
-7.8
-14.8
101.0
29.9
0.0
-38.7
-22.6
-29.0
-67.7
8,938.9 9,185.2 9,408.5 9,840.2 10,534.0 11,273.8 12,031.2 12,448.2 12,635.2 10,281.2 10,444.7 10,641.6 10,768.7 11,019.6 11,156.6
5,788.8 5,979.3 6,110.8 6,382.6 6,693.4 7,065.0 7,477.0 7,856.5 8,037.4 6,539.8 6,636.4 6,756.3 6,841.2 6,921.1 7,003.6
4,827.7 4,952.2 4,997.3 5,154.6 5,410.7 5,706.0 6,070.1 6,402.6 6,540.8 5,275.9 5,363.6 5,468.9 5,534.4 5,584.2 5,651.7
961.2 1,027.1 1,113.5 1,228.0 1,282.7 1,359.1 1,406.9 1,453.8 1,496.6 1,263.9 1,272.8 1,287.4 1,306.8 1,336.9 1,351.9
1,054.0
9,424.6 10,085.5 10,389.5 10,664.4 11,125.5 11,875.6 12,718.0 13,619.5 14,092.5 14,340.4 11,567.3 11,778.4 11,989.3 12,167.5 12,408.4 12,584.5
Seasonally adjusted at annual rates
2006
2005
III
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...............................
Less: Statistical discrepancy........................................
Equals: National income...........................................
Compensation of employees...................................
Wage and salary accruals....................................
Supplements to wages and salaries.....................
Proprietors’ income with inventory valuation and
capital consumption adjustments.........................
Rental income of persons with capital consumption
adjustment...........................................................
Corporate profits with inventory valuation and capital
consumption adjustments.....................................
Net interest and miscellaneous payments................
Taxes on production and imports less subsidies......
Business current transfer payments (net).................
Current surplus of government enterprises..:...........
Addendum:
Gross domestic income............................................
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
2009
III
IV
I
II
12,741.6 12,915.6 13,183.5 13,347.8 13,452.9 13,611.5 13,795.6 13,997.2 14,179.9 14,337.9 14,373.9 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
582.4
622.9
659.0
716.4
741.6
767.2
787.9
852.1
909.4
714.4
897.6
856.3
840.5
825.6
579.6
475.3
544.5
578.5
679.7
724.0
776.0
607.4
640.9
695.5
759.1
725.1
685.3
711.6
479.7
664.8
12,848.7 12,994.1 13,264.0 13,423.3 13,514.8 13,683.2 13,859.5 14,073.3 14,318.3 14,522.2 14,544.9 14,626.6 14,707.5 14,454.3 14,277.9
1,556.0
-67.5
1,589.6
-154.5
1,618.0
-192.2
1,648.2
-190.7
1,675.2
-253.4
1,701.3
-246.0
1,726.7
-121.1
1,749.4
-97.1
1,771.2
64.9
1,792.8
94.0
1,813.6
69 8
1,835.6
126.7
1,858.2
68 3
1,881.0
139.4
1,883.6
152 1
11,360.2 11,559.0 11,838.2 11,965.9 12,093.0 12,227.9 12,253.9 12,421.1 12,482.2 12,635.4 12,661.5 12,664.4 12,781.0 12,433.9 12,242.2
7,128.4 7,207.1
7,353.7 7,419.9 7,484.1
7,650.3 7,757.2 7,819.7 7,869.6 7,979.3 8,017.5 8,032.8 8,069.1
8,030.3 7,859.1
5,758.3 5,829.7 5,958.9 6,018.6 6,075.4 6,227.6 6,318.6 6,372.2 6,412.5 6,507.3 6,533.0 6,539.2 6,567.7 6,523.5 6,358.9
1,377.4 1,394.8 1,401.3 1,408.7 1,422.6 1,438.6 1,447.5 1,457.1
1,370.1
1,472.1
1,484.5
1,493.5 1,501.4 1,506.8 1,500.2
1,874.1
7,756.4
6,258.1
1,498.4
1,082.6
1,095.8
1,126.9
1,133.2
1,131.2
1,140.6
1,094.2
1,096.0
1,093.2
1,102.1
1,115.2
1,111.9
1,114.4
1,083.6
1,037.8
1,023.4
168.4
172.3
161.3
153.2
140.3
131.2
121.1
140.3
150.2
168.0
179.9
202.8
222.2
236.7
245.9
255.2
1,454.7
558.0
877.5
95.2
-4.5
1,532.5
576.9
886.6
92.3
-4.5
1,590.9
608.9
916.0
82.8
-2.4
1,597.7
654.4
931.9
79.3
-3.8
1,655.1
661.6
941.9
83.6
-4.7
1,589.6
684.0
952.1
86.1
-6.0
1,535.4
690.6
966.0
97.8
-8.4
1,594.9
711.3
966.9
99.0
-6.9
1,537.1
756.0
976.1
105.0
-4.9
1,499.4
798.9
986.8
107.0
-6.0
1,459.7
790.7
989.3
114.8
-5.6
1,403.7
809.0
997.9
112.6
-6.3
1,454.6
806.1
1,005.7
116.0
-6.9
1,123.6
854.7
982.1
131.8
-8.9
1,182.7
826.2
963.2
137.9
-10.7
805.2
971.3
145.2
-8.9
13,070.2 13,375.7 13,538.5 13,706.3 13,857.5 13,916.7 14,094.3 14,114.9 14,243.9 14,304.1
14,371.1
12,809.1
14,478.4 14,207.9 14,025.8
August 2009
41
S u r v e y o f C u r r e n t B u s in e s s
Table 10. Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2004
I
2005
II
III
IV
I
II
Personal income 1.....................................................
7,525.4
7,910.8
8,559.4
8,883.3
9,060.1
9,378.1
9,937.2 10,485.9 11,268.1 11,894.1 12,238.8
9,679.8
9,847.1
9,999.1 10,223.1 10,238.6 10,386.7
Compensation of employees, received.....................
Wage and salary disbursements..........................
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.............................
5,023.9
4,181.6
842.3
5,348.8
4,460.0
888.8
5,788.8
4,827.7
961.2
5,979.3
4,952.2
1,027.1
6,110.8
4,997.3
1,113.5
6,367.6
5,139.6
1,228.0
6,708.4
5,425.7
1,282.7
7,060.0
5,701.0
1,359.1
7,475.7
6,068.9
1,406.9
7,862.7
6,408.9
1,453.8
8,042.4
6,545.9
1,496.6
6,543.3
5,279.4
1,263.9
6,657.9
5,385.1
1,272.8
6,781.3
5,493.9
1,287.4
6,851.2
5,544.4
1,306.8
6,921.1
5,584.2
1,336.9
7,003.6
5,651.7
1,351.9
687.5
28.9
658.7
746.8
28.5
718.3
817.5
29.6
787.8
870.7
30.5
840.2
890.3
18.5
871.8
930.6
36.5
894.1
1,033.8
49.7
984.1
1,069.8
43.9
1,025.9
1,133.0
29.3
1,103.6
1,096.4
39.4
1,056.9
1,106.3
48.7
1,057.5
1,002.1
54.2
947.9
1,029.8
52.0
977.8
1,040.1
44.0
996.1
1,063.1
48.5
1,014.6
1,046.8
43.7
1,003.1
1,054.0
46.4
1,007.6
191.5
1,269.2
919.3
349.8
977.9
208.2
1,246.8
910.9
335.9
1,021.6
215.3
1,360.7
984.2
376.5
1,083.0
232.4
1,346.0
976.5
369.5
1,188.1
218.7
1,309.6
911.9
397.7
1,282.1
204.2
1,312.9
889.8
423.1
1,341.7
198.4
1,408.5
860.2
548.3
1,415.5
178.2
1,542.0
987.0
555.0
1,508.6
146.5
1,829.7
1,127.5
702.2
1,605.0
144.9
2,031.5
1,266.4
765.1
1,718.0
210.4
1,994.4
1,308.0
686.4
1,875.9
204.2
1,350.0
855.6
494.4
1,392.5
197.1
1,372.9
850.3
522.6
1,411.0
196.8
1,395.5
858.0
537.5
1,418.5
195.4
1,515.5
877.0
638.5
1,440.1
190.7
1,459.7
927.8
531.9
1,481.3
181.5
1,507.1
970.6
536.5
1,506.4
Less: Contributions for government social insurance,
domestic..............................................................
624.7
661.3
705.8
733.2
751.5
778.9
827.3
872.7
921.8
959.3
990.6
812.3
821.6
833.1
842.2
861.0
865.8
Less: Personal current taxes.......................................
1,026.4
1,107.5
1,232.3
1,234.8
1,050.4
1,000.3
1,208.6
1,352.4
1,490.9
1,432.4
1,009.3
1,026.4
1,064.7
1,090.9
1,164.2
1,192.3
Equals: Disposable personal income.......................
6,498.9
6,803.3
7,327.2
7,648.5
8,009.7
8,377.8
1,047.8
8,889.4
9,277.3
9,915.7 10,403.1 10,806.4
8,670.5
8,820.7
8,934.4
9,132.1
9,074.3
9,194.4
Less: Personal outlays.................................................
6,157.5
6,595.5
7,114.1
7,443.5
7,727.5
8,088.0
8,585.7
9,149.6
9,680.7 10,224.3 10,520.0
8,394.9
8,505.4
8,635.3
8,807.1
8,932.5
9,077.4
Equals: Personal saving...........................................
341.5
207.8
213.1
204.9
282.2
289.8
303.7
127.7
235.0
178.9
286.4
275.5
315.4
299.1
325.0
141.8
117.0
Personal saving as a percentage of disposable
personal income..................................................
5.3
3.1
2.9
2.7
3.5
3.5
3.4
1.4
2.4
1.7
2.7
3.2
3.6
3.3
3.6
1.6
1.3
Addenda:
Personal income excluding current transfer receipts,
billions of chained (2005) dollars2.......................
Disposable personal income, billions of chained
(2005) dollars 2....................................................
7,595.0
7,864.8
8,327.8
8,411.1
8,387.2
8,493.1
8,776.4
8,977.3
9,404.8
9,645.4
9,504.6
8,627.1
8,717.5
8,812.5
8,947.7
8,868.4
8,936.9
7,538.8
7,766.7
8,161.5
8,360.1
8,637.1
8,853.9
9,155.1
9,277.3
9,650.7
9,860.6
9,911.3
9,025.9
9,115.0
9,175.9
9,303.4
9,189.6
9,253.0
I
II
III
IV
Seasonally adjusted at annual rates
2005
III
Personal income 1.....................................................
Compensation of employees, received.....................
Wage and salary disbursements..........................
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.............................
Less: Contributions for government social insurance,
domestic..............................................................
2006
IV
I
II
2007
III
IV
I
II
2008
III
IV
2009
I
II
10,577.5 10,740.8 11,026.7 11,204.0 11,336.9 11,504.8 11,706.9 11,823.4 11,945.6 12,100.3 12,142.2 12,292.9 12,286.6 12,233.5 11,981.8 11,989.8
7,128.4 7,187.1
7,373.7 7,419.9 7,484.1
7,625.3 7,782.2 7,819.7 7,869.6 7,979.3 8,017.5 8,032.8 8,069.1
7,756.4
8,050.3 7,839.1
5,758.3 5,809.7 5,978.9 6,018.6 6,075.4 6,202.6 6,343.6 6,372.2 6,412.5 6,507.3 6,533.0 6,539.2 6,567.7 6,543.5 6,338.9 6,258.1
1,370.1
1,377.4 1,394.8 1,401.3 1,408.7 1,422.6 1,438.6 1,447.5 1,457.1
1,472.1
1,484.5 1,493.5 1,501.4 1,506.8 1,500.2 1,498.4
1,082.6
45.6
1,037.0
1,095.8
39.9
1,055.9
1,126.9
28.4
1,098.5
1,133.2
28.4
1,104.8
1,131.2
28.4
1,102.8
1,140.6
32.2
1,108.4
1,094.2
36.7
1,057.5
1,096.0
35.7
1,060.3
1,093.2
37.5
1,055.7
1,102.1
47.9
1,054.2
1,115.2
57.2
1,057.9
1,111.9
49.4
1,062.5
1,114.4
49.3
1,065.1
1,083.6
39.0
1,044.5
1,037.8
27.3
1,010.5
1,023.4
27.2
996.2
168.4
1,560.4
1,003.1
557.3
1,516.7
172.3
1,640.8
1,046.5
594.3
1,529.8
161.3
1,711.1
1,067.2
643.9
1,569.0
153.2
1,817.2
1,128.7
688.5
1,597.9
140.3
1,881.3
1,156.8
724.5
1,620.7
131.2
1,909.0
1,157.2
751.9
1,632.4
121.1
1,968.2
1,198.3
769.9
1,693.8
140.3
2,022.0
1,246.5
775.5
1,699.1
150.2
2,065.8
1,297.9
767.9
1,725.5
168.0
2,069.8
1,322.8
747.0
1,753.7
179.9
2,020.8
1,304.6
716.2
1,794.1
202.8
1,997.3
1,306.6
690.7
1,937.0
222.2
2,001.4
1,327.8
673.7
1,874.3
236.7
1,958.1
1,292.9
665.2
1,898.0
245.9
1,845.5
1,243.4
602.1
1,987.3
255.2
1,782.5
1,247.5
534.9
2,135.2
920.8
933.8
952.5
953.7
958.6
972.6
985.3
988.9
994.9
993.3
973.9
963.0
879.0
885.0
915.4
917.4
Less: Personal current taxes.......................................
Equals: Disposable personal income.......................
Less: Personal outlays.................................................
1,224.0
9,353.5
1,253.8
9,487.1
1,321.5
9,705.2
1,340.2
9,863.8
9,243.2
9,345.2
110.2
141.8
9,493.5
211.7
9,618.2
Equals: Personal saving...........................................
Personal saving as a percentage of disposable
personal income..................................................
1.2
1.5
2.2
2.5
2.3
2.5
2.0
1.8
1.6
1.5
1.2
3.4
2.2
3.8
4.0
5.2
9,016.7
9,086.4
9,290.6
9,366,1
9,404.7
9,557.5
9,605.4
9,635.9
9,671.1
9,669.6
9,583.9
9,498.8
9,442.0
9,494.4
9,215.5
9,056.9
9,308.0
9,358.7
9,533.8
9,617.3
9,662.5
9,788.8
9,830.2
9,842.7
9,883.9
9,886.2
9,826.8 10,059.0
9,838.3
9,920.4
9,948.3 10,027.2
Addenda:
Personal income excluding current transfer receipts,
billions of chained (2005) dollars 2.......................
Disposable personal income, billions of chained
(2005) dollars 2....................................................
245.6
1,354.3 1,393.5 1,459.5 1,481.8 1,500.7 1,521.9 1,531.8 1,326.2 1,437.3 1,434.3 1,192.6 1,079.5
9,982.5 10,111.2 10,247.4 10,341.7 10,445.0 10,578.4 10,610.4 10,966.7 10,849.3 10,799.1 10,789.2 10,910.3
9,754.9 9,856.4 10,038.3 10,158.2 10,275.6 10,425.0 10,484.1 10,592.2 10,613.6 10,389.9 10,362.3 10,344.2
227.7
254.8
209.1
183.5
169.4
374.4
235.7
153.5
126.3
409.2
426.9
566.0
1. Personal income is also equal to 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, business current transfer payments (net), current surplus of government enter-
prises, and wage accruals less disbursements, plus personal income receipts on assets, and personal current transfer
receipts.
2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures,
42
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 11 A. Corporate Profits
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2004
2003
2005
2006
2007
2008
2004
I
Corporate profits with inventory valuation and capital consumption
adjustments...........................................................................................
Less: Taxes on corporate income................................................................
Equals: Profits after tax with inventory valuation and capital
consumption adjustments....................................................................
Net dividends...........................................................................................
Undistributed profits with inventory valuation and capital consumption
adjustments.........................................................................................
II
2005
III
IV
I
II
812.4
248.4
856.3
258.8
819.2
265.1
784.2
203.3
872.2
192.3
977.8 1,246.9 1,456.1 1,608.3 1,541.7 1,360.4 1,187.2 1,226.9 1,292.2 1,281.4 1,408.2 1,429.0
412.4 473.3 451.5 292.2 277.6 298.2 320.4 328.1
243.8 306.1
405.1
395.6
564.1
351.5
597.5
337.4
554.1
377.9
580.9
370.9
679.9
399.3
734.0
424.9
940.8 1,043.7 1,135.0 1,090.2 1,068.2
550.3 557.3 704.8 767.8 689.9
909.6
496.1
928.7
524.4
971.8
539.5
953.3 1,003.1 1,033.3
641.3 534.1
538.8
212.6
260.1
176.3
210.0
280.6
309.2
390.5
413.5
404.3
432.3
312.0
790.9
885.1
861.3
945.0 1,036.5 1,084.8 1,190.1 1,337.0 1,356.1 1,303.4 1,478.4 1,207.3 1,207.6 1,207.8 1,137.9 1,307.9 1,348.2
212.6
578.3
0.0
260.1
625.8
0.9
176.3
685.1
0.0
210.0
730.3
-4.8
280.6
755.9
0.0
309.2
775.5
-0.1
486.4
430.3
322.4
378.3
469.0
494.5
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment............................
Undistributed profits with inventory valuation and capital consumption
adjustments.....................................................................................
Consumption of fixed capital
Less: Capital transfers paid (net).........................................................
Addenda:
Profits before tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Profits after tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Inventory valuation adjustment................................................................
Capital consumption adjustment.............................................................
390.5
809.2
9.5
486.4
862.9
12.2
430.3
925.9
0.0
322.4 378.3
981.0 1,036.8
0.0 -63.3
413.5
793.7
-0.1
404.3
803.2
-0.1
432.3
813.9
38.5
312.0
825.8
-0.1
469.0
838.8
-0.1
494.5
853.6
-0.1
722.9
780.5
772.5
712.7
765.3
903.5 1,229.4 1,640.2 1,822.7 1,774.4 1,462.7 1,137.3 1,209.7 1,281.0 1,289.7 1,581.1 1,591.6
474.5
15.7
73.8
521.7
-4.0
79.7
507.4
-16.8
63.6
509.4
8.0
63.4
573.0
-2.6
109.4
659.7
-11.3
85.6
923.3 1,227.8 1,349.5 1,322.8 1,170.6
-34.3 -30.7 -38.0 -44.0 -38.2
51.8 -153.4 -176.4 -188.7 -64.1
859.7
-16.9
66.7
911.5
-38.4
55.6
960.5
-34.9
46.2
961.5 1,176.0 1,196.0
-18.2
-46.9 -38.2
38.6 -134.7 -144.5
Seasonally adjusted at annual rates
2005
2006
2007
2008
2009
III
Corporate profits with inventory valuation and capital consumption
adjustments...........................................................................................
Less: Taxes on corporate income................................................................
Equals: Profits after tax with inventory valuation and capital
consumption adjustments....................................................................
Net dividends...........................................................................................
Undistributed profits with inventory valuation and capital consumption
adjustments.........................................................................................
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
1,454.7
403.1
1,532.5
445.7
1,590.9
460.7
1,597.7
475.1
1,655.1
496.6
1,589.6
460.7
1,535.4
469.5
1,594.9
466.5
1,537.1
440.0
1,499.4
430.1
1,459.7
323.2
1,403.7
317.5
1,454.6
304.8
1,123.6
223.3
1,182.7
270.3
1,051.6
559.7
1,086.8
596.7
1,130.2
646.4
1,122.6
691.1
1,158.5
727.1
1,128.8
754.5
1,065.9
772.6
1,128.4
778.1
1,097.1
770.6
1,069.3
749.9
1,136.4
719.4
1,086.3
693.7
1,149.8
676.6
900.4
669.9
912.4
618.1
492.0
490.0
483.9
431.5
431.4
374.3
293.3
350.3
326.5
319.4
417.1
392.6
473.2
230.5
294.2
1,308.8
1,383.2
1,388.0
1,350.5
1,364.6
1,321.5
1,253.8
1,324.3
1,314.3
1,321.0
1,432.8
1,422.4
1,499.4
1,559.2
1,575.4
492.0
870.3
53.4
490.0
888.7
-4.4
483.9
904.1
0.0
431.5
918.9
0.0
431.4
933.3
0.0
374.3
947.1
0.0
293.3
960.5
0.0
350.3
974.0
0.0
326.5
987.7
0.0
319.4
1,001.6
0.0
417.1
1,015.7
0.0
392.6
1,029.7
0.0
473.2
1,043.9
17.7
230.5
1,058.1
-270.7
294.2
1,058.2
-223.0
1,641.4
1,746.5
1,815.3
1,819.8
1,865.1
1,790.7
1,747.6
1,808.6
1,758.2
1,783.1
1,620.8
1,593.5
1,576.6
1,060.1
1,246.5
1,238.3
-28.4
-158.3
1,300.8
-38.0
-176.0
1,354.6
-33.4
-191.0
1,344.7
-48.4
-173.7
1,368.5
-42.3
-167.7
1,330.0
-28.0
-173.2
1,278.1
-42.2
-170.0
1,342.1
-29.5
-184.2
1,318.2
-25.3
-195.8
1,353.0
-79.0
-204.7
1,297.6
-107.9
-53.2
1,276.0
-129.6
-60.1
1,271.9
-54.5
-67.6
836.8
139.2
-75.6
976.1
81.1
-144.9
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment............................
Undistributed profits with inventory valuation and capital consumption
adjustments.....................................................................................
Consumption of fixed capital
Less: Capital transfers paid (net)
Addenda:
Profits before tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Profits after tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Inventory valuation adjustment................................................................
Capital consumption adjustment.............................................................
A ugust 2 0 0 9
43
S u r v e y o f C u r r e n t B u s in e s s
Table 11B. Corporate Profits: Percent Change From Preceding Period
[Percent change from preceding period]
Quarterly rates
1999
1998
2000
2001
2002
2003
2004
2005
2006
2007
2008
2004
I
II
2005
III
IV
I
II
Corporate profits with inventory valuation and capital consumption
adjustments...........................................................................................
-8.2
5.4
-4.3
-4.3
11.2
12.1
27.5
16.8
10.5
-4.1
-11.8
13.0
3.3
5.3
-0.8
9.9
1.5
Less: Taxes on corporate income................................................................
1.2
4.2
2.4
-23.3
-5.4
26.7
25.6
34.7
14.8
-4.6
-35.3
3.1
7.4
7.5
2.4
23.5
-2.3
-11.8
6.1
5.9
^1.0
-7.3
12.0
4.8
-1.8
17.0
7.6
8.0
6.4
28.2
29.5
10.9
1.3
8.8
26.5
-4.0
8.9
-2.0
-10.1
16.4
8.2
2.1
5.7
4.6
2.9
-1.9
18.9
5.2
-16.7
3.0
0.9
-31.0
22.3
-32.2
19.1
33.6
10.2
26.3
24.6
-11.5
-25.1
17.4
27.9
-2.2
6.9
-27.8
50.3
5.4
Equals: Profits aftertax with inventory valuation and capital
consumption adjustments....................................................................
Net dividends...........................................................................................
Undistributed profits with inventory valuation and capital consumption
adjustments.........................................................................................
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment...........................
Undistributed profits with inventory valuation and capital consumption
adjustments.....................................................................................
Consumption of fixed capital
Less: Capital transfers paid (net)
Addenda:
Profits before tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Profits after tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Inventory valuation adjustment................................................................
Capital consumption adjustment.............................................................
-6.8
11.9
-2.7
9.7
9.7
4.7
9.7
12.3
1.4
-3.9
13.4
8.9
0.0
0.0
-5.8
14.9
3.1
-31.0
6.9
22.3
8.2
-32.2
9.5
19.1
6.6
33.6
3.5
10.2
2.6
26.3
4.3
24.6
6.6
-11.5
7.3
-25.1
6.0
17.4
5.7
27.9
1.1
-2.2
1.2
6.9
1.3
-27.8
1.5
50.3
1.6
5.4
1.8
-9.8
8.0
-1.0
-7.7
7.4
18.0
36.1
33.4
11.1
-2.7
-17.6
14.1
6.4
5.9
0.7
22.6
0.7
-14.7
9.9
-2.8
0.4
12.5
15.1
40.0
33.0
9.9
-2.0
-11.5
18.2
6.0
5.4
0.1
22.3
1.7
Quarterly rates
2005
IV
III
2007
2006
I
II
III
I
-4.0
-7.2
-3.4
4.5
1.9
-0.7
6.9
3.2
5.2
-2.6
3.8
-5.6
2.4
-10.8
0.0
-13.2
-21.6
1.8
5.4
3.8
0.4
3.6
Less: Taxes on corporate income................................................................
1.9
10.6
3.3
3.1
1.8
3.9
3.3
6.6
4.0
8.3
-0.5
-0.4
-1.3
Equals: Profits after tax with inventory valuation and capital
consumption adjustments....................................................................
Net dividends...........................................................................................
Undistributed profits with inventory valuation and capital consumption
adjustments.........................................................................................
II
IV
Corporate profits with inventory valuation and capital consumption
adjustments...........................................................................................
2009
2008
III
IV
I
II
3.9
-3.6
-0.6
-5.7
5.9
0.7
19.4
IV
-2.5
-2.6
-3.8
3.6
-22.8
5.3
-2.2
-24.8
-1.8
-4.0
-26.7
21.1
-2.8
-1.0
-2.5
-2.7
6.3
-4.1
-4.4
-3.6
5.8
-2.5
-21.7
-1.0
1.3
-7.7
-6.8
-2.2
30.6
-5.9
20.5
-51.3
27.7
III
I
Addenda for corporate cash flow:
Net cash flow with inventory valuation adjustment............................
Undistributed profits with inventory valuation and capital consumption
adjustments.....................................................................................
Consumption of fixed capital...............................................................
Less: Capital transfers paid (net).........................................................
Addenda:
Profits before tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Profits after tax (without inventory valuation and capital consumption
adjustments)........................................................................................
Inventory valuation adjustment................................................................
Capital consumption adjustment.............................................................
-2.9
5.7
0.3
-2.7
1.0
-3.2
-5.1
5.6
-0.8
0.5
8.5
-0.7
5.4
4.0
1.0
-0.5
1.9
-0.4
2.1
-1.3
1.7
-10.8
1.6
0.0
1.6
-13.2
1.5
-21.6
1.4
19.4
1.4
—
6.8
1.4
-2.2
1.4
30.6
1.4
-5.9
1.4
20.5
1.4
-51.3
1.4
27.7
0.0
3.1
6.4
3.9
0.2
2.5
-4.0
-2.4
3.5
-2.8
1.4
-9.1
-1.7
-1.1
-32.8
17.6
3.5
5.0
4.1
-0.7
1.8
-2.8
-3.9
5.0
-1.8
2.6
-4.1
-1.7
-0.3
-34.2
16.6
44
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 12A. Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2004
I
II
2005
ill
IV
I
II
Corporate profits with inventory valuation and capital
consumption adjustments................................................
812.4
856.3
819.2
784.2
872.2
Domestic industries......................................................................
Financial......................................................................................
Nonfinancial.................................................................................
709.7
165.8
543.9
734.8
200.2
534.6
673.6
201.4
472.2
614.5
244.4
370.1
714.3
287.1
427.2
Rest of the world...........................................................................
Receipts from the rest of the world..............................................
Less: Payments to the rest of the world........................................
102.8
146.8
44.0
121.5
176.8
55.3
145.6
202.5
56.9
169.7
182.6
12.9
157.9
204.4
46.5
Corporate profits with inventory valuation adjustment......
738.6
776.6
755.7
720.8
762.8
Domestic industries......................................................................
Financial......................................................................................
Federal Reserve banks...........................................................
Other financial.........................................................................
655.0
189.3
26.7
162.6
465.7
33.7
148.8
71.2
16.4
11.7
-6.8
6.4
7.7
35.9
610.0
189.6
31.2
158.4
551.1
228.0
28.9
199.1
604.9
265.2
23.5
241.7
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........................................................
635.9
159.5
25.6
133.9
476.4
33.5
155.8
82.7
16.4
15.3
4.2
6.2
6.4
34.2
420.4
25.6
143.9
60.0
15.8
7.7
4.2
5.9
-0.7
27.1
323.1
25.2
49.7
-26.9
9.8
2.0
-48.6
1.9
-8.9
16.8
339.7
12.3
47.7
-7.7
9.1
1.4
-34.4
0.0
-4.5
20.7
Nondurable goods...............................................................
Food and beverage and tobacco products.......................
Petroleum and coal products............................................
Chemical products...........................................................
Other nondurable goods..................................................
73.1
22.1
5.3
25.0
20.7
77.6
30.9
2.2
22.8
21.7
83.9
26.0
27.6
13.8
16.5
76.6
28.2
29.7
11.6
7.1
55.4
25.3
1.3
17.8
11.0
73.8
24.0
23.5
18.9
7.4
113.4
24.3
49.1
24.7
15.3
151.7
27.3
79.4
25.7
19.3
185.7
32.5
76.6
52.5
24.0
182.6
30.2
77.8
51.9
22.7
144.9
33.7
66.5
31.3
13.3
100.6
24.6
41.3
19.3
15.4
107.8
22.3
46.7
24.8
13.9
118.1
27.5
40.6
32.3
17.8
127.2
22.9
67.8
22.6
14.0
156.3
28.2
71.9
38.9
17.4
141.2
25.5
75.7
20.1
19.9
Wholesale trade......................................................................
Retail trade..............................................................................
Transportation and warehousing.............................................
Information..............................................................................
Other nonfinancial...................................................................
52.8
67.3
21.3
21.9
123.7
54.8
65.7
16.5
12.5
133.6
58.7
60.7
15.2
-15.5
131.8
51.3
72.6
1.2
-24.4
147.4
49.1
81.6
-0.1
-3.8
153.0
54.8
88.9
7.4
4.9
176.7
75.6
93.4
14.4
45.6
225.2
103.7
133.2
42.1
92.4
349.6
102.2
121.6
30.0
90.3
343.0
75.1
78.2
11.4
84.7
303.4
71.3
102.3
14.2
14.8
210.6
80.0
95.0
20.5
47.6
212.5
84.3
88.6
13.1
66.3
234.0
66.9
87.6
9.8
53.8
244.0
90.5
101.0
25.7
76.2
296.6
105.7
128.1
28.5
85.7
313.6
Rest of the world...........................................................................
102.8
121.5
145.6
169.7
157.9
165.8
205.0
92.2
122.6
29.0
81.3
324.3
239.4
256.8
347.8
377.2
213.2
197.3
215.2
194.4
234.2
233.3
977.8 1,246.9 1,456.1 1,608.3 1,541.7 1,360.4 1,187.2 1,226.9 1,292.2 1,281.4 1,408.2 1,429.0
812.0 1,041.9 1,216.6 1,351.5 1,193.9
983.2
974.0 1,029.6 1,077.0 1,087.0 1,174.0 1,195.7
364.4
325.9
419.0
427.6
347.0
352.9
364.4
271.6
355.0
385.1
425.5
390.2
486.1
677.5
797.6
923.9
621.2
846.9
711.6
674.6
712.6
701.8
748.5
805.5
239.4
215.2
165.8
205.0
256.8
347.8
377.2
213.2
197.3
194.4
234.2
233.3
249.2
328.2
384.1
434.4
544.2
314.7
504.5
323.1
332.7
342.1
373.3
374.6
83.4
123.1
144.6
177.6
156.8
167.0
101.5
125.9
117.5
147.7
139.1
141.3
892.2 1,195.1 1,609.5 1,784.7 1,730.4 1,424.5 1,120.5 1,171.3 1,246.0 1,242.8 1,542.9 1,573.5
726.4
990.1 1,370.0 1,527.8 1,382.6 1,047.3
907.3
974.0 1,030.8 1,048.4 1,308.7 1,340.2
311.8
362.3
443.6
448.0
367.8
351.7
278.9
346.3
364.0
387.4
448.0
414.5
20.1
20.0
26.6
33.8
37.7
35.7
19.1
19.1
20.1
21.9
22.9
25.5
414.1
291.8
342.3
417.0
330.1
243.2
327.2
365.4
332.6
343.9
425.1
388.9
926.4 1,079.9 1,014.9
768.4
414.6
627.8
561.1
622.4
860.7
666.8
661.0
925.8
12.4
19.4
29.8
54.4
18.7
49.1
40.1
16.1
19.3
23.7
28.0
29.4
69.4
154.1
247.2
304.5
131.7
278.6
175.5
148.1
161.3
175.3
242.8
234.8
40.7
-4.3
95.6
118.9
96.1
30.7
43.2
86.4
31.1
40.3
48.1
93.6
12.2
18.7
8.0
18.1
21.3
17.6
10.9
12.8
11.1
13.7
17.0
18.0
1.0
7.1
19.2
14.5
19.8
16.1
3.8
7.2
9.2
8.3
11.5
12.5
-14.7
-4.3
9.0
17.4
11.2
4.7
-6.2
-5.8
-3.9
-1.4
6.5
8.6
2.2
-1.4
0.6
11.5
-1.1
-4.1
2.5
2.5
-0.1
-4.1
-2.3
-4.3
-11.7
1.1
-16.4
-6.8
-6.8
-47.5
-1.6
-8.2
-9.6
-7.8
3.9
3.9
10.8
31.9
54.2
58.9
61.3
43.9
21.6
31.9
51.8
54.7
36.5
37.6
Seasonally adjusted at annual rates
2005
III
2006
I
1,454.7
1,532.5
1,590.9
1,597.7
1,295.2
419.7
875.4
237.4
404.1
166.8
1,344.0
442.0
902.0
246.9
410.6
163.6
1,781.9
1,342.4
447.5
894.9
255.3
436.0
180.7
1,655.1
1,404.1
416.5
987.6
251.0
441.2
190.2
Corporate profits with inventory valuation adjustment......
Domestic industries......................................................................
Financial......................................................................................
Federal Reserve banks...........................................................
Other financial.........................................................................
1,201.7
440.6
761.1
252.9
384.3
131.3
1,613.0
1,360.0
466.1
26.8
439.3
1,771.4
1,822.8
1,589.6
1,315.4
404.4
911.1
274.1
450.0
175.9
1,762.7
1,516.1
467.8
33.6
434.2
1,571.8
434.8
35.8
399.0
1,488.6
422.8
34.9
387.8
1,705.4
1,423.2
384.2
38.2
346.0
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........................................................
893.9
22.6
246.5
96.5
19.8
14.3
10.0
-0.4
-0.2
53.0
1,025.4
39.1
264.9
105.6
17.5
19.9
11.0
2.9
-3.0
57.4
1,535.0
466.5
31.0
435.5
1,068.5
45.2
294.4
125.3
19.6
18.8
10.1
12.6
1.2
63.0
1,048.3
53.1
302.3
94.9
16.7
18.7
19.1
8.8
-13.9
45.5
1,137.0
60.8
336.4
134.1
18.1
20.1
22.6
12.3
-5.6
66.7
1,065.8
58.4
285.0
121.2
20.4
19.3
17.7
12.1
-8.8
60.6
1,039.0
51.3
288.9
105.9
19.1
20.0
17.0
3.5
-15.1
61.4
Nondurable goods...............................................................
Food and beverage and tobacco products.......................
Petroleum and coal products............................................
Chemical products...........................................................
Other nondurable goods..................................................
150.0
26.9
80.7
21.8
20.5
159.3
28.5
89.5
22.1
19.2
169.1
30.3
73.4
46.3
19.0
207.4
32.7
89.1
59.9
25.6
202.3
33.7
84.1
61.5
23.0
163.8
33.1
59.9
42.3
28.5
Wholesale trade.
Retail trade........
Transportation and warehousing.............................................
Information..............................................................................
Other nonfinancial...................................................................
83.5
117.9
28.2
78.5
316.7
89.2
143.3
33.7
84.8
370.4
104.4
132.3
43.4
84.1
364.8
100.7
123.3
45.3
92.6
331.0
107.4
136.4
40.3
100.8
354.9
Rest of the world...........................................................................
252.9
237.4
246.9
255.3
251.0
Corporate profits with inventory valuation and capital
consumption adjustments................................................
Domestic industries......................................................................
Financial......................................................................................
Nonfinancial.................................................................................
Rest of the world...........................................................................
Receipts from the rest of the world..............................................
Less: Payments to the rest of the world.......................................
1,708.5
1,471.1
445.8
31.0
414.7
N t . E timte inth ta lea b s do th 2002N rthA e a In u tryC s ific tio S s m(N IC ).
oe s a s is b re a e n e
o mric n d s la s a n y te A S
II
2007
IV
III
IV
I
1,535.4
II
2008
III
IV
I
II
2009
III
IV
I
1,537.1
1,499.4
1,459.7
1,403.7
1,454.6
1,123.6
1,182.7
1,072.3
279.9
792.4
427.1
548.8
121.7
1,047.4
350.7
696.7
412.3
565.7
153.5
1,512.9
1,036.7
323.9
712.8
367.0
573.6
206.6
1,463.8
1,057.4
289.8
767.6
397.2
558.5
161.3
1,522.2
791.3
121.9
669.4
332.4
479.1
146.8
867.0
237.8
629.2
315.8
402.2
86.4
1,277.0
302.5
36.5
266.0
974.5
51.2
265.7
92.8
23.0
19.0
5.5
-1.4
-17.0
63.7
1,100.6
357.0
35.9
321.1
1,096.8
330.8
31.1
299.7
1,125.0
297.5
34.6
262.9
1,199.3
866.9
130.3
41.1
89.2
1,327.6
1,011.9
253.9
28.8
225.1
1,061.7
46.6
316.0
100.6
20.6
21.0
10.5
-2.1
-8.7
59.3
1,166.6
356.5
810.1
370.5
521.8
151.3
1,732.9
1,362.4
378.2
37.5
340.6
984.2
47.3
244.0
84.9
22.5
19.3
11.6
-4.5
-24.9
60.9
743.6
33.1
187.6
61.0
18.5
17.1
14.5
-3.6
-35.3
49.8
766.0
43.1
160.1
19.7
14.9
13.1
2.0
-2.0
-55.7
47.4
827.5
43.5
205.7
40.5
17.7
14.6
0.1
-2.6
-45A
56.2
736.6
40.8
148.6
1.5
19.2
19.6
2.2
-8.4
-53.4
22.3
758.0
53.6
121.6
8.0
19.3
12.8
3.2
-6.3
-54.8
33.9
183.0
28.2
78.0
52.4
24.3
215.4
33.5
110.9
50.2
20.8
159.1
29.3
64.8
42.6
22.5
172.9
29.8
57.5
62.4
23.2
126.6
29.2
64.5
16.4
16.6
140.5
37.1
42.5
48.2
12.7
165.2
37.3
79.3
39.1
9.5
147.1
31.3
79.7
21.7
14.4
113.6
34.7
29.4
29.6
19.8
102.2
140.7
39.6
92.1
347.8
107.9
127.9
32.9
90.5
339.6
117.0
137.2
33.0
77.5
334.4
107.9
118.7
30.9
93.9
341.5
76.0
102.4
23.4
99.4
356.4
46.6
75.6
12.9
91.6
296.3
56.6
80.2
11.9
101.8
312.1
85.8
77A
9.2
81.9
324.4
111.5
79.7
11.5
63.6
280.8
94.0
83.1
6.7
95.4
303.6
274.1
282.2
311.2
370.5
427.1
412.3
367.0
397.2
332.4
315.8
1,253.2
365.7
887.5
282.2
457.6
175.4
1,594.9
1,283.7
386.0
897.7
311.2
490.0
178.8
1,779.1
1,467.9
406.2
38.5
367.7
1,704.1
August 2 0 0 9
Su r v e y
45
C u r r e n t B usin ess
of
Table 12B. Corporate Profits by Industry: Change From Preceding Period
[B n of d llars]
illio s o
Change from preceding period
1999
2000
2002
2001
2004
2003
2006
2005
2007
2004
2008
II
I
Corporate profits with inventory valuation and capital
consumption adjustments...............................................
2005
III
IV
I
II
43.9
-37.1
-35.0
88.0
105.6
269.1
209.2
152.2
-66.6
-181.3
136.3
39.7
65.3
-10.8
126.8
20.8
-61.2
1.2
-62.4
-59.1
43.0
-102.1
99.8
42.7
57.1
97.7
38.8
58.9
229.9
38.5
191.4
174.7
54.6
120.1
134.9
8.6
126.3
-157.6
-80.6
-77.0
-210.7
-75.4
-135.3
114.9
15.8
99.2
55.6
2.1
53.4
47.4
9.4
38.0
10.0
20.7
-10.8
87.0
40.4
46.7
21.7
-35.3
57.0
Rest of the world...........................................................................
Receipts from the rest of the world..............................................
Less: Payments to the rest of the world......................................
25.1
34.4
-9.3
18.7
30.0
11.3
24.1
25.7
1.6
24.1
-19.9
-44.0
-11.8
21.8
33.6
7.9
44.8
36.9
39.2
79.0
39.7
34.4
55.9
21.5
17.4
50.3
33.0
91.0
70.1
-20.8
29.4
39.7
10.2
21.4
33.7
12.3
-15.9
8.4
24.4
17.9
9.6
-8.4
-20.8
9.4
30.2
39.8
31.2
-8.6
-0.9
1.3
2.2
Domestic industries......................................................................
Financial......................................................................................
Nonfinancial.................................................................................
Corporate profits with inventory valuation adjustment......
38.0
-20.9
-34.9
42.0
129.4
302.9
414.4
175.2
-54.3
-305.9
146.2
50.8
74.7
-3.2
300.1
30.6
Domestic industries......................................................................
Financial......................................................................................
Federal Reserve banks
Other financial.........
19.1
29.8
1.1
28.7
-45.0
0.3
4.5
-4.2
-58.9
38.4
-2.3
40.7
53.8
37.2
-5.4
42.6
121.5
46.6
-3.4
50.1
263.7
50.5
-0.1
50.5
379.9
81.3
6.6
74.7
157.8
4.4
7.2
-2.9
-145.2
-80.2
3.9
-84.0
-335.3
-88.9
-2.0
-86.9
124.9
19.7
0.8
18.9
66.7
5.4
0.0
5.4
56.8
12.3
1.0
11.3
17.6
23.4
1.8
21.5
260.3
60.6
1.0
59.7
31.5
-33.5
2.6
-36.2
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........................................................
-10.7
0.2
-7.0
-11.5
0.0
-3.6
-11.0
0.2
1.3
1.7
-45.3
-8.1
-4.9
-11.2
-0.6
-4.0
11.0
-0.5
-8.4
-8.8
-97.3
-0.4
-94.2
-86.9
-6.0
-5.7
-52.8
^t.O
-8.2
-10.3
16.6
-12.9
-2.0
19.2
-0.7
-0.6
14.2
-1.9
4.4
3.9
74.9
0.1
21.7
3.4
-1.1
-0.4
19.7
2.2
-7.2
-9.9
213.2
7.0
84.7
45.0
4.2
6.1
10.4
-1.6
4.9
21.1
298.6
10.4
93.1
54.9
5.9
7.4
13.3
-2.0
7.9
22.3
153.5
24.6
57.3
23.3
0.6
4.7
8.4
12.9
-7.9
4.7
-65.0
-5.3
-25.9
-22.8
2.6
0.6
-6.2
-12.6
-9.6
2.4
-246.5
-9.0
-103.1
-65.4
-3.7
-3.7
-6.5
-3.0
-31.1
-17.4
105.3
2.3
30.3
23.7
0.0
2.1
2.7
-0.2
12.3
6.8
61.3
2.6
16.4
9.2
1.9
3.4
0.4
0.0
-6.6
10.3
44.4
0.6
13.2
2.9
-1.7
2.0
1.9
-2.6
-1.4
4.6
-5.8
4.4
14.0
4.9
2.6
-0.9
2.5
-2.2
1.8
1.1
199.7
4.3
67.5
38.3
3.3
3.2
7.9
-2.0
11.7
14.2
65.1
1.4
-8.0
7.2
1.0
1.0
2.1
0.2
0.0
2.9
Nondurable goods...............................................................
Food and beverage and tobacco products......................
Petroleum and coal products...........................................
Chemical products..........................................................
Other nondurable goods..................................................
4.5
8.8
-3.1
-2.2
1.0
6.3
-4.9
25.4
-9.0
-5.2
-7.3
2.2
2.1
-2.2
-9.4
-21.2
-2.9
-28.4
6.2
3.9
18.4
-1.3
22.2
1.1
-3.6
39.6
0.3
25.6
5.8
7.9
38.3
3.0
30.3
1.0
4.0
34.0
5.2
-2.8
26.8
4.7
-3.1
-2.3
1.2
-0.6
-1.3
-37.7
3.5
-11.3
-20.6
-9.4
6.5
-3.1
8.2
-1.8
3.3
7.2
-2.3
5.4
5.5
-1.5
10.3
5.2
-6.1
7.5
3.9
9.1
-4.6
27.2
-9.7
-3.8
29.1
5.3
4.1
16.3
3.4
-15.1
-2.7
3.8
-18.8
2.5
Wholesale trade......................................................................
Retail trade.........................
Transportation and warehousing.............................................
Information..............................................................................
Other nonfinancial..............
2.0
-1.6
-4.8
-9.4
9.9
3.9
-5.0
-1.3
-28.0
-1.8
-7.4
11.9
-14.0
-8.9
15.6
-2.2
9.0
-1.3
20.6
5.6
5.7
7.3
7.5
8.7
23.7
20.8
4.5
7.0
40.7
48.5
16.6
29.2
14.6
35.7
99.1
11.5
10.6
13.1
11.1
25.3
-1.5
-11.6
-12.1
-2.1
-6.6
-27.1
-43.4
-18.6
-5.6
-39.6
8.7
16.7
4.8
8.6
33.8
8.7
-7.3
6.3
32.8
1.9
4.3
-6.4
-7.4
18.7
21.5
-17.4
-1.0
-3.3
-12.5
10.0
23.6
13.4
15.9
22.4
52.6
15.2
27.1
2.8
9.5
17.0
Rest of the world...........................................................................
18.7
24.1
24.1
-11.8
7.9
39.2
34.4
17.4
91.0
29.4
21.4
-15.9
17.9
-20.8
39.8
-0.9
Change from preceding period
2005
III
2007
2006
IV
I
II
III
IV
I
II
2008
III
IV
I
II
2009
III
IV
I
Corporate profits with inventory valuation and capital
consumption adjustments...............................................
25.7
77.8
58.4
6.8
57.4
-65.5
-54.2
59.5
-57.8
-37.7
-39.7
-56.0
50.9
-331.0
59.1
Domestic industries......................................................................
Financial......................................................................................
Nonfinancial.................................................................................
6.0
50.4
-44.4
93.5
-20.9
114.3
48.8
22.3
26.6
-1.6
5.5
-7.1
61.7
-31.0
92.7
-88.7
-12.1
-76.5
-62.2
-38.7
-23.6
30.5
20.3
10.2
-117.1
-29.5
-87.6
-94.3
-76.6
-17.7
-24.9
70.8
-95.7
-10.7
-26.8
16.1
20.7
-34.1
54.8
-266.1
-167.9
-98.2
75.7
115.9
-40.2
Rest of the world...........................................................................
Receipts from the rest of the world..............................................
Less: Payments to the rest of the world......................................
19.6
9.7
-10.0
-15.5
19.8
35.5
9.5
6.5
-3.2
8.4
25.4
17.1
-4.3
5.2
9.5
23.1
8.8
-14.3
8.1
7.6
-0.5
29.0
32.4
3.4
59.3
31.8
-27.5
56.6
27.0
-29.6
-14.8
16.9
31.8
-45.3
7.9
53.1
30.2
-15.1
-45.3
-64.8
-79.4
-14.5
-16.6
-76.9
-60.4
Corporate profits with inventory valuation adjustment......
39.5
95.5
73.4
-10.5
51.4
-60.1
-57.3
73.7
-46.2
-28.8
-191.2
-49.1
58.4
-322.9
128.3
Domestic industries......................................................................
Financial......................................................................................
Federal Reserve banks...........................................................
Other financial.........................................................................
19.8
51.6
1.3
50.4
111.1
-20.3
4.2
-24.6
63.9
20.7
0.0
20.8
-65.4
-38.6
3.3
-41.8
-3.8
-26.2
-4.8
-21.4
28.2
-33.3
3.5
-36.8
-258.1
-167.2
6.5
-173.7
8.8
1.4
5.0
1.7
0.6
9.3
1.6
8.8
0.3
-1.3
-71.2
-2.4
-51.4
-12.9
2.3
-0.8
-4.9
-0.2
-3.2
-6.1
-38.5
-0.6
-24.2
-19.2
5.5
-26.8
-7.1
3.9
-15.3
-1.3
0.7
-0.7
-8.6
-6.3
0.8
19.2
-4.9
18.1
10.1
-4.2
-77.5
0.7
-72.0
-15.7
1.9
-1.7
1.1
-2.4
-16.2
1.6
-56.3
-4.2
-46.1
-7.6
1.7
-230.9
-18.1
-78.1
-31.8
-4.5
-1.9
9.0
-2.2
-18.3
-13.9
-46.3
-0.6
7.0
-46.0
-6.6
22.4
10.0
-27.5
-41.3
-3.6
-4.0
-12.5
1.6
-20.4
-2.4
Nondurable goods...............................................................
Food and beverage and tobacco products......................
Petroleum and coal products...........................................
Chemical products..........................................................
Other nondurable goods..................................................
43.1
6.1
29.5
19.7
2.1
-1.1
-0.9
9.7
4.2
5.6
9.8
1.8
-16.1
24.2
-0.2
-85.4
-75.7
-1.0
-74.6
-9.7
3.9
21.7
7.9
0.5
-0.3
-6.1
3.1
7.9
2.8
13.8
0.5
-7.3
19.8
0.7
-176.4
54.5
-0.6
55.1
131.5
16.5
18.4
9.1
-2.3
5.6
1.0
3.3
-2.8
4.4
44.7
22.0
0.3
21.7
22.7
-4.7
27.1
-5.3
1.5
1.0
-6.5
-5.6
6.4
-2.1
32.4
5.3
32.9
-2.2
-3.5
-105.5
-28.0
-1.0
-27.1
-31.9
-6.8
11.7
2.9
1.8
1.8
1.4
3.7
-4.1
-1.7
55.7
-33.0
2.2
-35.2
88.7
7.7
34.1
39.2
1.4
1.4
3.5
3.5
8.3
21.2
-5.1
1.0
-5.0
1.6
-2.6
-83.2
-12.0
-0.9
-11.2
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........................................................
-18.9
1.3
2.6
-1.3
-20.2
7.9
7.9
-30.4
-2.9
-0.1
9.0
-3.8
-15.1
-17.5
38.3
2.4
15.7
13.6
6.6
13.9
7.9
-22.0
31.8
-3.9
61.5
0.4
45.6
20.8
2.8
1.5
-1.9
-0.6
10.3
8.8
24.7
0.2
36.8
-9.1
-3.2
-90.9
-2.7
-57.1
-39.0
1.5
5.0
2.1
-5.8
-8.0
-33.9
-18.1
-6.0
0.4
-17.4
4.9
145.0
123.6
-12.3
135.9
21.4
12.8
-27.0
6.5
0.1
-6.8
1.0
2.1
-1.4
11.6
-33.5
3.4
-50.3
7.9
5.4
Wholesale trade......................................................................
Retail trade..............................................................................
Transportation and warehousing.............................................
Information..............................................................................
Other nonfinancial...................................................................
-22.2
-10.2
-0.3
-7.2
3.1
5.7
25.4
5.5
6.3
53.7
15.2
-11.0
9.7
-0.7
-5.6
-3.7
-9.0
1.9
8.5
-33.8
6.7
13.1
-5.0
8.2
23.9
-5.2
4.3
-0.7
-8.7
-7.1
5.7
-12.8
-6.7
-1.6
-8.2
9.1
9.3
0.1
-13.0
-5.2
-9.1
-18.5
-2.1
16.4
7.1
-31.9
-16.3
-7.5
5.5
14.9
-29.4
-26.8
-10.5
-7.8
-60.1
10.0
4.6
-1.0
10.2
15.8
29.2
-3.1
-2.7
-19.9
12.3
25.7
2.6
2.3
-18.3
-43.6
-17.5
3.4
-4.8
31.8
22.8
Rest of the world...........................................................................
19.6
-15.5
9.5
8.4
-4.3
23.1
8.1
29.0
59.3
56.6
-14.8
-45.3
30.2
-64.8
-16.6
N t . E timte inth ta lea b s do th 2002N rthA e a In u tryC s ific tio S s m(N IC ).
oe s a s is b re a e n e
o mric n d s la s a n y te A S
46
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 12C. Revisions to Corporate Profits by Industry
[Billions of dollars]
Billions of dollars
Revisions as a percent of previously published
Revised estimates
2006
2007
Revisions to previously published
2008
2006
2007
2008
2006
2007
2008
Corporate profits with inventory valuation and capital
consumption adjustments....................................................
1,608.3
1,541.7
1,360.4
-60.2
-100.7
-116.1
-3.6
Domestic industries..............................................................
Financial..............................................................................
Nonfinancial.........................................................................
1,351.5
427.6
923.9
1,193.9
347.0
846.9
983.2
271.6
711.6
-49.5
-34.5
-15.1
-103.9
-82.7
-21.2
-106.8
-30.3
-76.4
-3.5
-7.5
-1.6
-6.1
-8.0
-19.2
-2.4
-9.8
-10.0
-9.7
Rest of the world...................................................................
Receipts from the rest of the world.......................................
Less: Payments to the rest of the world................................
256.8
434.4
177.6
347.8
504.5
156.8
0.9
-0.9
-4.7
-2.4
0.9
9.3
1,730.4
-104.7
-9.4
4.8
14.2
-123.7
-4.0
-1.0
3.6
1,784.7
-10.7
-4.5
6.2
-49.5
3.1
-A l
-7.7
Corporate profits with inventory valuation adjustment..........
377.2
544.2
167.0
1,424.5
-2.7
-5.7
-8.0
Domestic industries..............................................................
Financial..............................................................................
Federal Reserve banks...................................................
Other financial
Nonfinancial......
Utilities..........
Manufacturing
Durable goods
Nondurable goods.......................................................
Wholesale trade..............................................................
Retail trade......................................................................
Transportation and warehousing......................................
Information......................................................................
Other nonfinancial...........................................................
1,527.8
448.0
33.8
414.1
1,079.9
54.4
304.5
118.9
185.7
103.7
133.2
42.1
92.4
349.6
1,382.6
367.8
37.7
330.1
1,014.9
49.1
278.6
96.1
182.6
102.2
121.6
30.0
90.3
343.0
1,047.3
278.9
35.7
243.2
768.4
40.1
175.5
30.7
144.9
75.1
78.2
11.4
84.7
303.4
-38.9
-30.8
0.0
-30.9
-8.0
-1.2
0.2
3.0
-2.7
-3.8
0.9
-0.4
1.3
-5.1
-107.9
-82.1
0.0
-82.1
-25.7
-9.4
-38.0
-31.3
-6.7
-0.4
-10.7
-12.7
-12.7
58.1
-114.4
-30.0
0.2
-30.2
-84.3
-14.5
-64.3
-38.3
-25.9
-1.4
-13.5
-13.3
-17.2
39.7
-2.5
-6.4
0.0
-6.9
-0.7
-2.2
0.1
2.6
-1.4
-3.5
0.7
-0.9
1.4
-1.4
-7.2
-18.2
0.0
-19.9
-2.5
-16.1
-12.0
-24.6
-3.5
-0.4
-8.1
-29.7
-12.3
20.4
-9.8
-9.7
0.6
-11.0
-9.9
-26.6
-26.8
-55.5
-15.2
-1.8
-14.7
-53.8
-16.9
15.1
-7.9
Rest of the world...................................................................
256.8
347.8
377.2
-10.7
3.1
-9.4
-4.0
0.9
-2.4
Corporate profits before tax without inventory valuation and
capital consumption adjustments........................................
1,822.7
1,774.4
1,462.7
-51.0
-111.9
-134.6
-2.7
-5.9
-8.4
Addendum:
Corporate profits after tax with inventory valuation and capital
consumption adjustments....................................................
1,135.0
1,090.2
1,068.2
-64.6
-101.8
-41.7
-5.4
-8.5
-3.8
August 2 0 0 9
47
S u r v e y o f C u r r e n t B u s in e s s
Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business—Continues
Seasonally adjusted at annual rates
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2004
2008
2005
I
II
III
IV
I
II
5,831.6
690.5
5,141.1
3,752.4
3,076.2
676.3
513.2
875.5
136.8
64.1
5,959.3
699.5
6,015.8
709.7
6,125.9
721.2
6,265.4
734.5
5,259.8
3,827.0
3,144.2
682.8
520.4
912.4
134.4
65.4
5,306.1
3,873.4
3,181.8
691.6
531.3
901.4
131.4
68.2
5,404.7
3,895.6
3,198.2
697.4
543.6
965.5
141.7
75.3
5,530.9
3,944.6
3,239.1
705.5
555.0
1,031.3
146.4
79.4
Billions of dollars
Gross value added of nonfinancial corporate
business.........................................................
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 (net).............
Corporate profits with inventory valuation and
capital consumption adjustments.....................
Taxes on corporate income..............................
Profits after tax with inventory valuation and
capital consumption adjustments.................
Net dividends..............................................
Undistributed profits with inventory valuation
and capital consumption adjustments......
Addenda:
Profits before tax (without inventory valuation and
capital consumption adjustments)........................
Profits after tax (without inventory valuation and
capital consumption adjustments)........................
Inventory valuation adjustment.................................
Capital consumption adjustment..............................
4,668.3
499.9
4,955.5
539.3
5,279.4
590.1
5,252.5
632.0
5,307.7
654.5
5,503.7
669.0
5,877.5
695.6
6,302.8
743.0
6,740.3
800.9
6,970.1
849.4
6,971.5
898.4
4,168.5
3,049.7
2,568.3
481.4
393.1
725.7
146.8
35.2
4,416.3
3,256.5
2,755.6
501.0
414.6
745.1
164.5
47.1
4,689.4
3,541.8
2,991.1
550.7
439.4
708.2
192.8
47.9
4,620.5
3,559.4
2,989.9
569.5
434.5
626.7
197.7
58.9
4,653.1
3,544.2
2,936.7
607.5
461.9
647.1
163.7
56.3
4,834.7
3,651.3
2,979.0
672.3
484.2
699.2
147.9
65.2
5,181.9
3,786.7
3,105.5
681.2
517.7
877.5
134.4
65.5
5,559.8
3,976.3
3,267.5
708.8
558.4
1,025.1
148.2
79.3
5,939.4
4,182.3
3,462.3
720.0
593.3
1,163.7
164.0
75.8
6,120.6
4,364.2
3,627.3
736.9
612.8
1,143.7
228.1
68.6
6,073.0
4,427.9
3,677.2
750.7
621.0
1,024.1
242.1
70.4
5,703.2
682.8
5,020.4
3,694.1
3,020.0
674.0
505.8
820.6
135.0
64.4
543.7
158.7
533.5
171.4
467.5
170.2
370.1
111.2
427.2
97.1
486.1
132.9
677.5
187.0
797.6
271.9
923.9
307.6
846.9
299.3
711.6
237.8
621.2
164.6
674.6
185.5
712.6
199.0
701.8
198.8
748.5
264.1
805.5
265.2
385.1
241.0
362.1
224.7
297.3
251.3
258.8
245.4
330.1
254.8
353.2
293.4
490.6
364.5
525.8
170.9
616.2
471.1
547.6
465.2
473.8
409.3
456.5
333.5
489.1
323.0
513.6
328.1
503.0
473.3
484.4
314.1
540.3
252.2
144.0
137.4
46.0
13.4
75.3
59.8
126.1
354.9
145.1
82.4
64.5
123.0
166.1
185.4
29.7
170.2
288.0
460.5
468.6
432.5
315.1
342.3
425.9
662.1
957.1
1,117.9
1,058.9
806.7
577.9
660.7
701.7
707.9
898.9
943.9
301.8
15.7
297.2
-4.0
262.3
-16.8
203.8
8.0
245.2
-2.6
293.0
-11.3
475.1
-34.3
685.3
-30.7
810.3
-38.0
759.5
-44.0
568.8
-38.2
413.3
-16.9
475.3
-38.4
502.7
-34.9
509.0
-46.9
634.8
-38.2
678.7
-18.2
67.5
68.9
51.8
47.0
87.5
71.5
49.7
-128.8
-156.0
-167.9
-56.8
60.1
52.2
45.8
40.8
-112.2
-120.2
Billions of chained (2005) dollars
Gross value added of nonfinancial corporate
business 1......................................................
Consumption of fixed capital2.....................................
Net value added 3........................................................
5,123.5
519.3
5,422.5
565.2
5,707.9
616.3
5,604.6
659.2
5,629.3
683.3
5,767.4
698.4
6,040.4
717.4
6,302.8
743.0
6,536.5
773.7
6,649.4
808.3
6,675.5
837.3
5,918.9
709.5
6,008.3
714.6
6,112.4
719.9
6,121.8
725.6
6,199.3
731.4
6,305.8
738.4
4,604.2
4,857.4
5,091.6
4,945.4
4,946.0
5,069.0
5,323.0
5,559.8
5,762.9
5,841.2
5,838.2
5,209.5
5,293.7
5,392.5
5,396.3
5,467.9
5,567.4
Dollars; quarters seasonally adjusted
Price, costs, and profits per unit of real gross value
added of nonfinancial corporate business:
Price per unit of real gross value added of
nonfinancial corporate business4...................
Compensation of employees (unit labor cost)..........
Unit nonlabor cost...................................................
Consumption of fixed capital...............................
Taxes on production and imports less subsidies
plus business current transfer payments (net)
Net interest and miscellaneous payments............
Corporate profits with inventory valuation and capital
consumption adjustments (unit profits from
current production)..............................................
Taxes on corporate income.................................
Profits after tax with inventory valuation and
capital consumption adjustments.....................
0.911
0.595
0.211
0.098
0.914
0.601
0.214
0.099
0.925
0.621
0.222
0.103
0.937
0.635
0.236
0.113
0.943
0.630
0.237
0.116
0.954
0.633
0.237
0.116
0.973
0.627
0.234
0.115
1.000
0.631
0.243
0.118
1.031
0.640
0.250
0.123
1.048
0.656
0.264
0.128
1.044
0.663
0.275
0.135
0.964
0.624
0.234
0.115
0.971
0.625
0.234
0.115
0.975
0.626
0.232
0.114
0.983
0.633
0.235
0.116
0.988
0.628
0.239
0.116
0.994
0.626
0.240
0.116
0.084
0.029
0.085
0.030
0.085
0.034
0.088
0.035
0.092
0.029
0.095
0.026
0.097
0.022
0.101
0.024
0.102
0.025
0.102
0.034
0.104
0.036
0.096
0.023
0.096
0.023
0.096
0.022
0.098
0.021
0.100
0.023
0.101
0.023
0.106
0.031
0.098
0.032
0.082
0.030
0.066
0.020
0.076
0.017
0.084
0.023
0.112
0.031
0.127
0.043
0.141
0.047
0.127
0.045
0.107
0.036
0.105
0.028
0.112
0.031
0.117
0.033
0.115
0.032
0.121
0.043
0.128
0.042
0.075
0.067
0.052
0.046
0.059
0.061
0.081
0.083
0.094
0.082
0.071
0.077
0.081
0.084
0.082
0.078
0.086
1. 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.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the
chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100.
3. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross value added
and the consumption of fixed capital.
4. The deflator for gross value added of nonfinancial corporate business divided by 100.
Note. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).
48
Initial Results of the 2009 Comprehensive NIPA Revision
August 2009
Table 13. Gross Value Added of Nonfinancial Domestic Corporate Business—Table Ends
Seasonally adjusted at annual rates
2005
III
2006
IV
I
II
2007
III
IV
I
II
2008
III
IV
I
II
2009
III
IV
I
Billions of dollars
Gross value added of nonfinancial corporate
business.........................................................
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 (net).............
Corporate profits with inventory valuation and
capital consumption adjustments.....................
Taxes on corporate income..............................
Profits after tax with inventory valuation and
capital consumption adjustments.................
Net dividends...............................................
Undistributed profits with inventory valuation
and capital consumption adjustments......
Addenda:
Profits before tax (without inventory valuation and
capital consumption adjustments)........................
Profits after tax (without inventory valuation and
capital consumption adjustments)........................
Inventory valuation adjustment.................................
Capital consumption adjustment..............................
6,326.3
749.6
6,493.5
766.6
6,629.5
781.1
6,668.1
794.8
6,811.8
807.8
6,851.8
820.1
6,909.3
831.6
6,988.8
843.4
6,949.7
855.3
7,032.6
867.5
6,934.9
879.8
6,974.4
892.2
7,042.4
904.6
6,934.1
917.1
6,727.4
916.7
5,576.7
4,019.0
3,304.6
714.3
563.9
993.9
151.5
81.2
5,727.0
4,046.2
3,328.1
718.1
570.9
1,109.9
153.1
81.3
5,848.5
4,131.8
3,414.7
717.2
583.7
1,132.9
152.6
78.4
5,873.3
4,153.0
3,435.2
717.7
591.1
1,129.2
157.8
76.4
6,004.0
4,180.3
3,460.7
719.6
596.3
1,227.3
164.8
74.9
6,031.7
4,264.2
3,538.6
725.6
602.0
1,165.5
180.9
73.5
6,077.7
4,314.0
3,582.4
731.6
604.8
1,159.0
201.2
70.3
6,145.4
4,345.1
3,611.3
733.9
610.5
1,189.7
223.6
68.4
6,094.4
4,365.4
3,627.8
737.6
614.8
1,114.1
236.6
67.5
6,165.1
4,432.2
3,687.7
744.5
620.9
1,112.0
251.2
68.4
6,055.1
4,429.6
3,682.7
746.9
618.5
1,006.9
242.1
68.1
6,082.2
4,431.6
3,681.9
749.7
623.5
1,027.1
246.0
68.3
6,137.8
4,440.4
3,687.5
752.9
627.8
1,069.6
233.3
68.7
6,017.0
4,410.1
3,656.8
753.3
614.2
992.7
246.8
76.5
5,810.7
4,262.1
3,516.7
745.4
602.7
945.8
237.4
79.2
761.1
257.6
875.4
300.4
902.0
294.1
894.9
308.8
987.6
329.3
911.1
298.3
887.5
313.3
897.7
305.3
810.1
284.4
792.4
294.2
696.7
255.9
712.8
263.1
767.6
254.5
669.4
177.7
629.2
197.9
503.5
106.6
575.0
10.5
607.8
399.4
586.2
413.0
658.3
488.0
612.7
584.1
574.1
487.7
592.4
485.7
525.7
459.6
498.1
428.0
440.8
408.8
449.7
395.2
513.1
383.3
491.6
449.9
431.3
373.1
396.9
564.5
208.4
173.1
170.3
28.6
86.5
106.8
66.1
70.1
32.0
54.5
129.7
41.7
58.1
922.4
1,063.4
1,101.8
1,096.7
1,179.3
1,093.8
1,081.2
1,091.2
1,009.6
1,053.5
851.6
895.6
882.0
597.4
676.9
664.7
-28.4
763.0
-38.0
807.7
-33.4
787.9
-48.4
850.0
-42.3
795.5
-28.0
767.9
-42.2
785.9
-29.5
725.2
-25.3
759.3
-79.0
595.7
-107.9
632.5
-129.6
627.5
-54.5
419.7
139.2
478.9
81.1
-132.8
-150.0
-166.5
-153.3
-149.4
-154.8
-151.5
-163.9
-174.1
-182.1
-47.0
-53.2
-60.0
-67.2
-128.7
Billions of chained (2005) dollars
Gross value added of nonfinancial corporate
business 1......................................................
Consumption of fixed capital2.....................................
Net value added 3........................................................
6,284.1
746.4
6,421.9
755.6
6,505.1
762.2
6,480.0
769.4
6,567.2
777.3
6,593.8
785.8
6,597.4
794.9
5,537.7
5,666.4
5,743.0
5,710.5
5,789.9
5,808.0
5,802.5
6,649.8
803.9
6,624.9
812.8
6,725.5
821.4
6,664.3
829.9
6,735.8
836.3
6,722.6
840.5
6,579.3
842.6
6,300.9
844.0
5,845.9
5,812.2
5,904.1
5,834.4
5,899.5
5,882.1
5,736.7
5,456.9
Dollars
Price, costs, and profits per unit of real gross value
added of nonfinancial corporate business:
Price per unit of real gross value added of
nonfinancial corporate business4....................
Compensation of employees (unit labor cost)..........
Unit nonlabor cost...................................................
Consumption of fixed capital................................
Taxes on production and imports less subsidies
plus business current transfer payments (net)
Net interest and miscellaneous payments............
Corporate profits with inventory valuation and capital
consumption adjustments (unit profits from
current production)..............................................
Taxes on corporate income..................................
Profits after tax with inventory valuation and
capital consumption adjustments.....................
1.007
0.640
0.246
0.119
1.011
0.630
0.245
0.119
1.019
0.635
0.245
0.120
1.029
0.641
0.250
0.123
1.037
0.637
0.250
0.123
1.039
0.647
0.253
0.124
1.047
0.654
0.258
0.126
1.051
0.653
0.263
0.127
1.049
0.659
0.268
0.129
1.046
0.659
0.268
0.129
1.041
0.665
0.271
0.132
1.035
0.658
0.272
0.132
1.048
0.661
0.274
0.135
1.054
0.670
0.282
0.139
1.068
0.676
0.291
0.145
0.103
0.024
0.102
0.024
0.102
0.023
0.103
0.024
0.102
0.025
0.102
0.027
0.102
0.030
0.102
0.034
0.103
0.036
0.102
0.037
0.103
0.036
0.103
0.037
0.104
0.035
0.105
0.038
0.108
0.038
0.121
0.041
0.136
0.047
0.139
0.045
0.138
0.048
0.150
0.050
0.138
0.045
0.135
0.047
0.135
0.046
0.122
0.043
0.118
0.044
0.105
0.038
0.106
0.039
0.114
0.038
0.102
0.027
0.100
0.031
0.080
0.090
0.093
0.090
0.100
0.093
0.087
0.089
0.079
0.074
0.066
0.067
0.076
0.075
0.068
1. 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.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the
chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100.
3. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross value added
and the consumption of fixed capital.
4. The deflator for gross value added of nonfinancial corporate business divided by 100.
Note. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
4 9
u s in e s s
A p p e n d ix T a b le A . R e a l G ro s s D o m e s tic P r o d u c t a n d R e la te d A g g re g a te s a n d P ric e In d e x e s : P e rc e n t C h a n g e F ro m P r e c e d in g P e rio d
Seasonally adjusted at annual rates
1999
1998
2001
2000
2002
2003
2004
2006
2005
2007
2004
2008
I
Gross domestic product (GDP) and related aggregates:
GDP.........................................................................
Goods......................................................................
Services...................................................................
Structures.................................................................
Motor vehicle output...................................................
GDP excluding motor vehicle output.............................
Final sales of computers 1...........................................
GDP excluding final sales of computers........................
Farm gross value added 2...........................................
Nonfarm business gross value added 3
.........................
Price indexes:
GDP.........................................................................
GDP excluding food and energy 4................................
GDP excluding final sales of computers........................
Gross domestic purchases..........................................
Gross domestic purchases excluding food and energy 4
Gross domestic purchases excluding final sales of
computers to domestic purchasers...........................
Personal consumption expenditures (PCE)...................
PCE excluding food and energy 4.................................
Market-based PCE 5..................................................
Market-based PCE excluding food and energy 5............
2005
III
II
IV
I
II
4.4
5.8
3.4
5.2
8.2
4.2
43.0
4.0
-4.3
5.1
4.8
7.0
3.8
4.1
9.6
4.6
43.2
4.5
4.9
5.6
4.1
4.9
3.8
3.6
-1.5
4.4
30.6
3.9
14.8
4.4
1.1
-1.6
2.6
0.7
-4.4
1.3
12.9
1.0
-7.0
0.9
1.8
1.7
2.5
-2.5
11.5
1.5
3.1
1.8
4.4
1.9
2.5
3.4
1.9
3.3
1.1
2.5
16.3
2.4
12.8
3.0
3.6
5.1
2.7
4.9
4.0
3.6
4.9
3.6
7.0
4.1
3.1
4.4
2.5
2.9
4.0
3.0
18.4
3.0
4.2
3.4
2.7
5.2
2.3
-1.6
-1.2
2.8
25.2
2.5
-2.8
3.1
2.1
3.7
2.6
-4.4
-1.3
2.2
22.1
2.0
-7.6
2.3
0.4
0.4
1.5
-5.9
-18.4
1.0
21.3
0.3
12.9
-0.1
2.8
1.7
3.7
0.6
3.2
2.8
-22.4
3.1
123.2
2.6
2.9
2.5
1.9
10.4
-6.0
3.2
-0.9
2.9
-32.9
3.9
3.0
5.0
2.4
0.8
20.0
2.4
5.7
3.0
18.7
2.9
3.5
5.7
3.3
-0.9
-1.2
3.7
29.9
3.4
42.3
3.5
4.1
6.7
2.6
5.5
1.4
4.1
7.7
4.0
-16.8
4.8
1.7
0.3
1.9
4.7
6.5
1.6
33.3
1.5
14.9
1.6
1.1
1.2
1.5
0.7
1.0
1.5
1.6
1.8
1.6
1.5
2.2
2.2
2.4
2.5
2.0
2.3
2.0
2.5
1.9
1.8
1.6
1.8
1.8
1.4
1.7
2.2
2.1
2.3
2.3
2.0
2.8
2.8
2.9
3.0
2.7
3.3
3.5
3.5
3.7
3.3
3.3
3.3
3.4
3.4
3.2
2.9
2.8
3.0
2.9
2.7
2.1
2.3
2.2
3.2
2.6
3.5
3.5
3.5
4.1
3.5
3.5
3.5
3.5
3.6
3.5
3.0
3.1
3.1
3.2
3.0
3.0
3.2
3.1
3.8
3.0
3.8
4.2
3.9
3.7
4.1
2.7
3.0
2.9
3.2
3.0
1.2
1.0
1.4
0.6
1.1
2.0
1.6
1.5
1.4
1.2
2.8
2.5
1.7
2.4
1.5
2.2
1.9
1.8
1.9
1.8
1.7
1.4
1.7
1.1
1.5
2.5
2.0
1.5
2.0
1.4
3.2
2.6
2.1
2.4
1.7
3.9
3.0
2.3
2.8
2.0
3.6
2.7
2.3
2.8
2.2
3.1
2.7
2.4
2.5
2.1
3.3
3.3
2.4
3.4
2.3
4.2
3.4
2.4
3.2
2.1
3.7
3.0
2.6
2.6
2.1
3.4
2.5
2.0
2.1
1.4
4.0
3.3
1.8
3.5
1.9
3.8
2.4
2.9
2.0
2.5
3.3
2.5
2.2
2.3
1.8
Seasonally adjusted at annual rates
2005
III
Gross domestic product (GDP) and related aggregates:
GDP.........................................................................
Goods......................................................................
Services...................................................................
Structures.................................................................
Motor vehicle output...................................................
GDP excluding motor vehicle output............................
Final sales of computers 1...........................................
GDP excluding final sales of computers........................
Farm gross value added 2...........................................
Nonfarm business gross value added 3.........................
Price indexes:
GDP.........................................................................
GDP excluding food and energy4................................
GDP excluding final sales of computers........................
Gross domestic purchases..........................................
Gross domestic purchases excluding food and energy 4
Gross domestic purchases excluding final sales of
computers to domestic purchasers...........................
Personal consumption expenditures (PCE)...................
PCE excluding food and energy4.................................
Market-based PCE 5..................................................
Market-based PCE excluding food and energy 5............
2007
2006
IV
I
3.1
4.4
3.1
-0.3
23.5
2.4
17.5
3.0
5.7
3.7
2.1
5.1
0.8
1.7
-27.0
3.3
35.0
1.9
-11.3
2.4
4.2
3.4
4.3
5.0
3.1
5.2
4.6
1.6
4.8
1.4
IV
-0.7
-1.8
1.5
-10.7
-21.6
-0.1
9.8
-0.8
40.7
-1.7
1.5
1.5
1.5
1.3
-36.2
2.6
29.1
1.3
-15.8
1.3
-2.7
-7.0
-0.4
-5.5
-6.6
-2.6
-3.6
-2.7
24.4
-4.0
-5.4
-16.4
0.7
-12.9
-50.5
-4.1
2.9
-5.4
27.9
-7.6
-6.4
-8.7
-0.9
-34.0
-64.5
-4.9
11.2
-6.5
-3.3
-8.8
-1.0
-4.1
1.4
-9.9
14.6
-1.2
-6.5
-1.0
-10.1
-1.7
2.3
3.2
2.5
4.6
3.3
1.9
2.4
2.0
3.4
2.7
1.8
2.2
2.0
3.9
3.0
4.0
2.9
4.1
4.3
2.9
0.1
-0.8
0.2
-3.8
-0.6
1.9
0.5
1.9
-1.4
0.2
0.2
1.1
0.3
0.7
1.1
4.7
5.1
3.1
5.2
2.8
3.5
3.7
2.4
4.0
2.6
4.0
3.9
2.4
4.0
2.3
4.4
4.7
2.6
5.1
2.7
-3.8
-5.0
0.8
-5.3
1.5
-1.4
-1.5
1.1
-1.2
1.9
0.9
1.3
2.0
1.5
2.3
3.2
6.2
2.1
2.3
6.2
3.1
28.4
3.1
-14.5
3.7
3.6
7.2
3.1
-2.1
3.5
3.6
60.9
3.3
-15.0
3.9
2.1
7.6
1.8
-9.4
-10.3
2.5
33.7
2.0
34.6
1.8
4.2
3.8
4.3
4.2
3.6
2.7
2.2
2.8
3.1
2.2
1.6
1.9
1.8
2.2
2.1
4.3
3.7
2.8
3.6
2.5
3.2
3.2
1.8
3.3
1.6
2.3
2.3
2.3
1.8
1.6
IV
I
5.4
11.8
3.4
0.9
14.4
5.1
33.3
5.2
-26.6
6.8
1.4
1.8
2.0
-2.5
-7.6
1.8
19.1
1.3
71.6
1.0
0.1
0.0
2.0
-9.8
4.0
0.0
12.5
0.0
-26.2
-0.1
3.0
7.2
3.6
-10.5
-10.2
3.4
22.4
2.8
-13.2
4.2
1.2
-0.8
2.7
-2.2
-0.8
1.3
3.1
1.2
-6.4
0.9
3.4
4.0
3.5
4.1
3.6
3.0
3.2
3.1
2.8
3.1
3.6
3.6
3.8
3.6
3.5
3.1
2.5
3.2
2.9
2.5
1.8
2.4
1.9
1.0
2.4
4.3
3.6
2.7
3.6
2.5
3.0
1.7
2.0
1.8
2.1
3.8
3.0
2.9
3.0
2.9
3.0
3.0
2.3
3.1
2.3
1.1
-0.1
2.1
-0.7
1.6
1. For some components of final sales of computers, includes computer parts.
2. Farm output less intermediate goods and services purchased.
3. Consists of GDP less gross value added of farm, of households and institutions, and of general government.
4. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
services.
III
IV
III
II
2009
2008
II
III
II
I
I
II
5. This index is a supplemental measure that is based on household expenditures for which there are observable price
measures. It excludes most implicit prices (for example, financial services furnished without payment) and the final
consumption expenditures of nonprofit institutions serving households.
See “Explanatory Note” at the end of the tables.
E x p la n a to r y N o te : N IP A M e a s u re s o f Q u a n titie s a n d P ric e s
Current-dollar GDP is a measure of the market value of goods, services, and structures produced in the economy
in a particular period. Changes in current-dollar GDP can be decomposed into quantity and price components.
Quantities, or “real” measures, and prices are expressed as index numbers with the reference year—at present,
the year 2005—equal to 100.
Annual changes in quantities and prices are calculated using a Fisher formula that incorporates weights from
two adjacent years. (Quarterly changes in quantities and prices are calculated using a Fisher formula that incor
porates weights from two adjacent quarters; quarterly indexes are adjusted for consistency to the annual indexes
before percent changes are calculated.) For example, the 2007-08 annual percent change in real GDP uses
prices for 2007 and 2008 as weights, and the 2007-08 annual percent change in GDP prices uses quantities for
2007 and 2008 as weights. These annual changes are “chained” (multiplied) together to form time series of quan
tity and price indexes. Percent changes in Fisher indexes are not affected by the choice of reference year. (BEA
also publishes a measure of the price level known as the implicit price deflator (IPD), which is calculated as the
ratio of the current-dollar value to the corresponding chained-dollar value, multiplied by 100. The values of the
IPD are very close to the values of the corresponding “chain-type” price index.
Index numbers of quantity and price indexes for GDP and its major components are presented in this release
in tables 5 and 6. Percent changes from the preceding period are presented in tables 1, 4, 7, 8, and appendix
table A. Contributions by major components to the percent change in real GDP are presented in table 2.
Measures of real GDP and its major components are also presented in dollar-denominated form, designated
“chained (2005) dollar estimates.” For most series, these estimates, which are presented in table 3, are computed
by multiplying the current-dollar value in 2005 by a corresponding quantity index number and then dividing by
100. For example, if a current-dollar GDP component equaled $100 in 2005 and if real output for this component
increased 10 percent in 2006, then the chained (2005) dollar value of this component in 2 00 6 would be $110
(= $100 x 110 / 100). Percent changes calculated from chained-dollar estimates and from chain-type quantity
indexes are the same; any differences will be small and due to rounding.
Chained-dollar values for the detailed GDP components will not necessarily sum to the chained-dollar estimate
of GDP (or to any intermediate aggregate). This is because the relative prices used as weights for any period
other than the reference year differ from those of the reference year. A measure of the extent of such differences
is provided by a “residual” line, which indicates the difference between GDP (or other major aggregate) and the
sum of the most detailed components in the table. For periods close to the reference year, when there usually has
not been much change in the relative prices that are used as weights, the residuals tend to be small, and the
chained-dollar estimates can be used to approximate the contributions to growth and to aggregate the detailed
estimates. For periods further from the reference year, the residuals tend to be larger, and the chained-dollar esti
mates are less useful for analyses of contributions to growth. Thus, the contributions to percent change shown in
table 2 provide a better measure of the composition of GDP growth. In particular, for components for which rela
tive prices are changing rapidly, calculation of contributions using chained-dollar estimates may be misleading
even just a few years from the reference year.
Reference: “Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” November 2003
S urvey of C urrent Business , pp. 8 -1 6 .
5 0
A u g u s t
2 0 0 9
Research Spotlight
Defined Benefit Pensions and Household
Income and Wealth
By Marshall B. Reinsdorf and David G. Lenze
E T I R E M E N T programs are becoming increas
ingly important sources of household income and
wealth as the U.S. population and workforce age. A
good understanding of the economic effects of such re
tirement programs requires a complete set of measures
of the wealth and income generated by such plans. To
that end, the Bureau of Economic Analysis (BEA) has
embarked on some initial research on alternative m e a
surements of defined benefit pensions plans. That re
search is detailed in this article.
The first section of this article discusses accrual ap
proaches to accounting for defined benefit pension
plans. The second section provides some preliminary
estimates of household income from various defined
benefit programs. The third section provides looks at
the effect of these n e w measures on aggregate house
hold income, saving, and wealth.
U.S. households usually participate in two kinds of
retirement income programs: social security, and a
plan sponsored by their employer. The employer plan
m a y be organized as either a defined contribution
plan, such as a 401(k) plan, or a defined benefit plan.
Defined contribution plans provide resources during
retirement based on the amount of m o n e y that has
been accumulated in an account, while defined benefit
plans determine the level of benefits by a formula that
typically depends on length of service and average or
final pay. For any program that set benefit levels ac
cording to a formula, the mo v em en t of large numbers
of participants into retirement raises questions not
only about h o w households will fare in retirement but
also about h o w the finances of the program and i
ts
sponsor will be affected.
In the national income and product accounts
(NIPAs), households participating in a pension plan
are viewed as the owners of the plans assets. Employ
ers’ contributions to pension plans are therefore in
cluded in the employee compensation component of
personal income, and interest and dividends earned on
pension plan assets are included in personal interest
and dividend income. Furthermore, pension benefit
payments to retirees are excluded from personal in
R
c ome because they are financial transactions that
merely change the form in which persons hold their
wealth, just like employees’ contributions to pension
plans.1
This treatment provides a full accounting picture of
the operations of defined contribution plans because
in these plans only the balance in the participant’ ac
s
count matters. However, the accounting picture for de
fined benefit pension plans is more complex. A defined
benefit plan has an actuarial liability for future benefits
equal to the expected present value of the benefits to
which the plan participants are entitled under the ben
efit formula. The value of participants’benefit entitle
ment often does not coincide with the value of the
assets that the plan has on hand; indeed, a plan that
has a pay-as-you-go funding scheme might have only
enough assets to ensure that i can make the current
t
period’ benefit payments.2
s
To provide a more complete picture of the opera
tions and net position of defined benefit plans, the
2008 revision of the System of National Accounts, which
provides international guidelines for national eco
nomic accounts, has recommended that information
be provided on defined benefit plans’actuarial liability
for future benefits. The Bureau of Economic Analysis
(BEA) has therefore begun research on actuarial m e a
sures of accruals of pension benefits.
Actuarial estimates of pension income and pension
wealth of households from the early stages of this re
search are higher than those under the approach n o w
used in the NIPAs. These estimates do not imply any
change in estimates of national wealth or national sav
ing, however, because the additional wealth of the par
ticipants in defined benefit plans that would be
recognized under an actuarial approach would repre
sent an additional liability for the employers that spon
sor these plans.
1. Information on pension benefits and employee contributions to pen
sion plans is shown in the addenda of NIPA table 6.1 ID, not as part of the
underlying detail of the calculation of the pension component of personal
income.
2. Federal law requires that private pension plans operate as funded plans,
not as pay-as-you-go plans.
A u g u s t
2 0 0 9
S
u r v e y
Accrual Accounting Measures
o f
C
u r r e n t
B
u s in e s s
51
Pros and cons, cash and accrual approaches
The accrual approach to pensions has important ad
vantages for economic statisticians. Taking the accrued
A complete measure of the wealth of defined benefit liability for future benefits into account provides a use
plan participants is the expected present value of the ful picture of the net position of the plan sponsor, be
benefits to which they are entitled, not the assets of the cause a gap between this liability and the plan assets
plan. This follows from the fact that if the assets of a indicates that increased contributions m a y be needed
defined benefit plan are insufficient to pay promised in the future.4 It also provides a better picture of the
benefits, the plan sponsor must cover the shortfall. pension wealth of plan participants.
Moreover, the accrual approach avoids the arbitrari
This obligation represents an additional source of pen
ness in the timing of the recording of compensation
sion wealth for participants in an underfunded plan.
Accounting for the wealth of plan participants as the income that can occur under a cash accounting ap
value of their benefit entitlements rather than the value proach. In principle, if employers always m a d e contri
of the plan’ assets changes the measure of their in butions equal to benefit accruals and if the plan assets
s
come. Instead of the actual interest and dividends always earned a rate of return equal to the constant in
earned on the plan assets, the participants earn i m terest rate used to calculate the benefit accruals, cash
puted interest on their actuarial wealth. This imputed accounting and accrual accounting measures of pen
interest equals the increase in the present value of their sion income would coincide.5 In practice, however, the
future benefits caused by the shortening of the wait be timing of employer contributions can cause large shifts
fore the benefits are received. It would also equal the in the cash accounting measure that do not reflect gen
actual income earned on the plan assets if the value of uine changes in the growth of pension entitlements.
the assets matched the actuarial value of the future Employers sometimes skip contributions w h e n the
benefits and if the rate of return on the assets matched plans have enjoyed unusually good investment returns
the discount rate used to calculate the actuarial value or w h e n they lack the needed funds. If a business de
of the future benefits. In addition, under the accrual fers contributions in unprofitable years and catches up
approach, the measure of compensation income for w h e n profits are good, the cash accounting measure of
the participants in the plan is no longer the employer’ households’compensation income m a y be too volatile,
s
actual contributions to the plan. Instead, i is the and the cash accounting measure of the business’gross
t
present value of the benefits to which employees be operating surplus m a y be too smooth.
Nonetheless, the cash accounting approach has one
come entitled as a result of their service to the e m
major advantage for economic measurement purposes.
ployer.
Measuring household income from defined benefit N o assumptions are necessary to measure events that
s
plans by actual contributions from employers plus ac have actually transpired, such as a plan’ receipt of con
tual investment income on plan assets can be consid tributions from the employer. In contrast, estimates of
ered a cash accounting approach to measuring these the present value of future benefits are inherently de
plans’ transactions.3 The alternative approach that pendent on assumptions about the discount rate, par
measures this income by the increase in the value of ticipant separation rates, retirement ages, mortality,
the participants’ benefit entitlements caused by the and even future pay increases and future inflation ifthe
shortening of the discount period and by the crediting method used attempts to take these into account.
The sensitivity of actuarial methods to assumptions
of additional service to the employer is an accrual ac
counting approach. W e use the term “accrual account means that estimates of pension benefit accruals are
s
ing” to m e a n any approach that adopts the principle subject to a source of imprecision that i not normally
that a plan’ benefit obligations ought to be recorded as present in national economic accounting. Further
s
t
they are incurred. Widely used actuarial methods for more, variation in assumptions can m a ke i impossible
calculating a pension plan’ benefit liabilities are de to identify a single set of assumptions used for the esti
s
signed to show smooth growth over an employee’ ca mates w h e n actuarial estimates m a d e by different plans
s
reer, not to track the value of the benefits that have
4. An increased contribution rate may be needed to prevent an unfunded
actually been accrued in each year of the career.
Accounting basics
plan from running out of money after a rise in the proportion of partici
pants who are retired
5. In addition, assumptions about mortality, participant retirement, sepa
ration patterns, and a lack of changes in plan features would have to hold
precisely. The assumptions used to estimate accrued values of pension enti
3.
The contributions, interest, and plan expenses used to measure in tlements are unlikely to be realized in practice, so contributions will need to
come under the cash accounting approach may be recognized before they
be adjusted to correct past mistakes. It is thus unrealistic to expect complete
are settled in cash, so we do not mean to imply that all transactions are
agreement between a cash accounting and an accrual accounting measure
measured on a cash basis.
of personal pension income even under the best of circumstances.
5 2
D e f in e d
B e n e fit P e n s io n s
a n d
are com bined. Changes in assumptions can also co m
plicate com parisons o f benefit accruals over time.
Two accrual accounting approaches
On an employee’s retirem ent date, the value o f the em
ployee’s pension benefit entitlem ent is simply the
present value o f the expected future benefits. How to
value the benefit entitlem ent at earlier dates is less
clear. In this section, we discuss two possible ap
proaches.
Accrued benefit obligation (ABO). This approach
relies on the plan’s calculated ABO as o f the valuation
date. The ABO is the present value o f the future bene
fits to which the employee has actually becom e enti
tled, m eaning the benefits that would be due if the
employee were to separate from the employer or oth er
wise lose the opportunity to accrue further benefits
under the plan. Some sponsors o f private defined ben
efit plans have, for exam ple, frozen the plans and re
placed them with a defined contribution plan or
converted them from a traditional defined benefit plan
H o u s e h o ld
In c o m e
a n d
A u g u s t
W e a lt h
2 0 0 9
into a cash balance plan. For a typical benefits form ula
based on years o f service multiplied by a m easure o f
average or final pay, the ABO m easure o f benefits a c
crued during the year would include both the effects o f
an extra year o f em ploym ent and the effects o f any sal
ary increase received during the plan year.
Projected benefit obligation (PBO). This approach
attributes som e fraction o f the plan’s PBO on the re
tirem ent date to the portion o f the career com pleted by
the valuation date. Pension actuaries have several
m ethods o f doing this. One that is com m only used
measures the grow th o f the benefit entitlem ent over
the participant’s career by calculating a level percent o f
pay that would have to be contributed throughout the
career to end up with assets at retirem ent that m atch
the PBO. The level p ercent-of-pay m ethod has the ef
fect o f making the part o f the final pension attributed
to service in any year (o r “em ployer’s norm al cost”)
proportional to earnings in that year.
One distinction between the PBO and ABO ap
proaches is that the projected future salary increases
An Example of ABO and PBO Approaches
A simple hypothetical pension plan can illustrate some of
the differences between the accrued benefit obligation
(ABO) and projected benefit obligation (PBO) actuarial
measures. Participants in this pension plan work for 3
years, retire in the 4th year, and die in the 5th year. Their
salary grows 5 percent per period from a starting level of
$25,000. Vesting is immediate, there are no breaks in ser
vice, and there is no early retirement. The accrued retire-
T a b le A . A c c r u a l M e a s u re s f o r a H y p o th e tic a l E m p lo y e e ’s L ife s p a n
[Dollars]
Imputed interest
Liability
Normal cost
income
Pension Accrued
Salary
retire
Age
benefit
ment
paid
PBO/
PBO/
PBO/
paid
benefit ABO PBO ABO ABO PBO ABO ABO PBO ABO
1 25,000
? 26,250
3 27,563
0
4
0
5
0
0
0
8,269
0
0
0
0
2,500 1,890 2,276
5,250 4,565 5,008
8,269 8,269 8,269
0
0
0
1,644 1,979
1.2 2,079 2,078
1.1 2,625 2,182
1.0
0
0
0
0
1.2 247 297
1.0 595 653
0.8 1,079 1,079
0
0
0
0
1.2
1.1
1.0
ment benefit equals 10 percent of salary times the
number of periods worked times final salary. The interest
rate is 15 percent. The constant-percent version of the
entry age method is used to fund the PBO liability. This
method sets the normal cost in each period equal to a
constant percentage of salary (approximately 7.9 percent
in this case). It is standard actuarial practice to require
the normal cost to be paid at the beginning of the period.
Table A shows that the PBO liability is initially higher
than the ABO liability and that they become equal at
retirement. The PBO normal cost is higher than the ABO
normal cost in the first period and lower in the third.
In table B, the employer who sponsors the plan builds
or maintains a workforce of 30 employees by hiring 10
employees (each at age 1) each year from year 1 to year 6.
Hiring ceases in year 7, and the plan terminates in year 9.
Employees work 3 years, and spend 1 year in retirement.
The average normal cost as a percent of payroll rises from
6.6 to 9.5 percent under the ABO approach but remains
constant under the PBO approach.
T a b le B . A c c r u a l M e a s u re s f o r a H y p o th e tic a l P la n fr o m In itia t io n t o T e r m in a tio n
[Thousands of dollars except numbers of participants and ratios]
Pension
benefits
paid
Salaries
paid
Year
Liability
Accrued
retirement
benefits
ABO
1
2
3
4
5
6
7
8
250
513
788
788
788
538
9
0
276
0
0
0
0
83
83
83
83
83
0
0
25
78
160
160
160
135
83
0
PBO/ABO
PBO
0
19
65
147
147
147
128
83
0
0
23
73
156
156
156
133
83
0
Normal cost as a
percent of payroll
Normal cost
1.2
1.1
1.1
1.1
1.1
1.1
1.0
PBO/ABO
PBO
ABO
16
37
63
63
63
47
26
0
0
20
41
62
62
62
43
22
0
0
1.2
1.1
1.0
1.0
1.0
0.9
0.8
Participants
Active
PBO
ABO
6.6
7.3
8.1
8.1
8.1
8.7
9.5
0.0
0.0
7.9
7.9
7.9
7.9
7.9
7.9
7.9
0.0
0.0
Retired
10
20
30
30
30
20
10
0
0
0
0
0
10
10
10
10
10
0
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
u s in e s s
5 3
are reflected in P B O measures of normal cost (the
value of the benefits earned through service to the e m
ployer), while the effects of current-period salary in
creases are reflected in the A B O measure of benefits
accrued in the current period. This is one reason w h y
the P B O methods often yield a substantially higher es
timate of the value of benefit entitlements of employ
ees in the early and middle stages of their careers than
the A B O approach.
ABO versus PBO. The choice between the A B O and
P B O approaches turns in part on circumstances and
measurement objectives. For example, employers w h o
want the percent of pay that they must contribute to
the pension plan to remain stable need a method that
yields a smooth profile of pension expenses over e m
ployees’ careers. The P B O approach is well suited for
this purpose; using the level percent-of-pay method,
the growth rate of the measure of benefits earned dur
ing a year is just the salary growth rate. In contrast, the
growth rate over the career of the annual change in the
A B O includes, in addition to current-period salary
growth, (1) the effects of discounting and of allowing
for separations from the employer and preretirement
mortality and (2) the effects of any ju m p in benefits
upon reaching normal retirement age that m a y be part
of the benefits formula. As a result, the pension ex
pense recognized in the early or middle years of the ca
reer under the A B O approach is generally low,
compared with the pension expense recognized near
the end of the career. Using the A B O approach, the
rapid rise in pension expenses near the end of an indi
vidual’ career means that for an aging workforce as a
s
whole, total pension expense will rise as a percent of
payroll.
For national accounts purposes, the A B O approach
has advantages; i is more straightforward to interpret
t
and offers better consistency with the way that accrued
income and expenses are measured elsewhere in the
accounts.6 Benefits to which the employee has legally
become entitled f t the usual definition of a liability
i
well, while the recognition of liabilities arising from
projected future events i inconsistent with the princi
s
ples of accrual accounting. This is particularly so w h e n
the future events are determined at the discretion of
the employer, as is the case for defined benefit plans
that employers are able to discontinue. (Indeed, in
2006, about 900,000 employees were participants in
private defined benefit plans that had been frozen.)
Benefits that participants in private defined benefit
plans have already earned share none of the riskiness of
the benefits that are contingent on continued partici
pation in the current plan because they are insured by
the Pension Benefit Guaranty Corporation (PBGC).
The A B O approach also has a practical advantage
for national accounts purposes if a goal is to eliminate
the volatility of the cash accounting measure of c o m
pensation income without changing the average level
of the measure of compensation. A B O approach esti
mates of compensation income are likely to be closer
on average to the level of employer contributions.
Plans’ total returns on assets, including holding gains,
are often short of the imputed interest on the P B O ac
tuarial liabilities, so employer contributions must be
higher than the P B O measure of normal cost. In effect,
the higher estimates of the actuarial liability under the
P B O approach seem to be more a description of aspirational funding targets than a description of what
plan sponsors actually do.
Nevertheless, the A B O approach i not without dis
s
advantages, particularly if i i applied to government
t s
plans. O n e drawback of the A B O approach is that i is
t
not a full measure of an employee’ pension wealth if
s
the option to accrue further benefits under the plan is
viewed as an asset of the employee.7 To induce an e m
ployee covered by a defined benefit pension plan to
take early retirement, an employer will have to offer a
buy-out that compensates both for the loss of pro
jected future wages net of the opportunity cost of the
employee’ time and for the loss of the opportunity to
s
increase the value of the pension above the A B O . If the
employee has reached the point in the life cycle where
the value of leisure starts to be greater than the wage,
compensation for lost future wages will be unnecessary
and the m i n i m u m buy-out necessary to induce the
employee to retire will be the value of the employee’
s
option to increase the value of the pension from the
A B O to the P B O by staying on the job.
The lower the probability that an employee will lose
the opportunity to accrue benefits after the valuation
date, the greater the value of the option to accrue the
PBO. Most government pension plans cannot be fro
zen (or even closed to n e w participants) without a
change in the law. A n d these plans are not at risk of a
termination due to bankruptcy of their sponsor. Risks
of involuntary separation also tend to be low for gov
ernment plan participants. Thus, employees in govern
ment pension plans can generally count on having the
opportunity to earn additional benefits under the plan.
Estimating accrued pension entitlements in a way that
grows smoothly over the course of the career is a rea
sonable convention w h e n the A B O significantly under
states employees’pension wealth because of the neglect
6 . For example, the amount of the fixed monthly payment attributed to
principle repayment is not held constant over the life of a fixed-rate mortgage as it would be if PBO-like smoothing were applied.
------------------------------7 . Models of the option value of pension earnings were developed and
estimated by Lazear and Moore (1988) and Stock and Wise (1990).
5 4
D e fin e d
B e n e fit P e n s io n s
a n d
o f the value o f the employees’ option to earn additional
pension benefits. For governm ent plans, therefore, the
PBO approach m ay give a m ore realistic picture o f the
position o f the plan participants and the plan sponsor.
The use o f the PBO approach for governm ent pen
sion plans is also convenient. M ost governm ent plans
make actuarial estimates o f their benefit liabilities with
a level percent-of-pay form ula, where the percent is
chosen so that contributions equal to the percent o f
pay over the course o f the career will fully fund the lia
bility for pension benefits at the tim e o f retirem ent. On
the other hand, for private plans, ABO estimates p re
pared using com parable m ethods are available from
tax data.
Cash and Accrual Approach Estimates
H o u s e h o ld
In c o m e
a n d
W e a lt h
A u g u s t
2 0 0 9
(IRS) Form 5 5 0 0 .8 Estim ates o f totals for the nation o f
the cash-accounting measures o f plan assets, incom e
and benefit expenses based on Form 5500 are pub
lished by the D epartm ent o f Labor.9 Based on the a ctu
arial inform ation schedule o f F orm 55 0 0 , the Pension
Benefit G uaranty C orp oration (PBG C ) estimates the
current liabilities for vested benefits o f the plans that it
insures.10 This schedule includes ABO estimates o f the
plan’s current liability for benefits and benefits accrued
during the year that are well-suited for econom ic sta
tistics purposes as well because the plans all calculate
them using approxim ately the same assumptions. In
the years analyzed for this article, the interest-rate as
sum ptions used by the plans are m ostly clustered in a
narrow range around 6 percent.
The private plan estimates in this article are based
Private pension plans
H ouseholds’ incom e and wealth from private defined
benefit pension plans can be estimated from tax data
because these plans report their assets, incom e, and ex
penses together with actuarial inform ation on their lia
bilities for future benefits on Internal Revenue Service
8 . Private defined benefit pension plans whose benefits are fully provided
by contracts with life insurers provide insufficient information on Form
5500 to be included in the estimates in this article, but the amounts in ques
tion are small.
9. Private Pension Plan Bulletin: Historical Tables and Graphs, U.S.
Department of Labor.
10. PBGC Pension Insurance Data Book 2007.
Organization of the U.S. Pension System
Both defined benefit and defined contribution plans play
key roles in financing retirement for U.S. households.
Here’s a big picture look at the system.
Private sector. Newer plans in the private sector are
almost invariably defined contribution plans, and some
of the defined benefit plans that are still in existence are
closed to new hires or even frozen (meaning that benefit
entitlements are no longer being accrued under the plan).
Furthermore, from 1986 to 2004, about 99,000 plans
were terminated by their sponsors, about 2000 plans
entered into PBGC trusteeship, and a significant fraction
of defined benefit plans matured, in the sense of having
reached the point where contributions no longer exceed
benefit payouts to retirees. As a result, the number of
employees accruing benefit entitlements in private
defined benefit plans fell from over 22 million in 2002 to
under 20 million in 2006. Nonetheless, the number of
private sector defined benefit plans in existence is declin
ing very slowly: in 2006, it was still above 40,000, of
which nearly 12,000 were plans with 100 or more partici
pants.
Government plans. There are more than 2,500 defined
benefit plans for employees of state and local govern
ments. Defined benefit plans still predominate in the
state and local government sector. Federal government
agencies and federal government enterprises (such as the
Post Office and the Tennessee Valley Authority) sponsor
about 40 defined benefit plans for their employees. The
federal government also makes defined contribution
plans available to its employees; these plans are a key
component of the retirement plan for civilian federal
employees hired in 1984 or later. For these employees,
employer contributions to the defined contribution plan
are an important component of compensation, and
accruals of benefit entitlements under the defined benefit
plan are lower than they would have been under the older
defined benefit plans.
Other plans and accounts. Besides pension plans,
many households have self-funded retirement accounts,
such as individual retirement accounts (IRAs). These are
not considered pension plans in the NIPAs, as they are
not sponsored by an employer. (Some small businesses
have defined contribution plans organized as SEP or
SIMPLE IRAs, however.) In addition, except for some
government employees, almost everyone is covered by
social security. Social security is a government social
insurance program rather than a pension plan because
entitlements to benefits do not arise from an explicit or
implicit contract with an employer. The classification of
social security as a social insurance program in the NIPAs
means that household income from social security is
measured by benefit payments. Neither social security
nor the self-funded retirement accounts are discussed in
this paper, but the expectation that employees will receive
social security benefits when they retire influences the
design of the pension plans that are the topic of this
paper. For example, the defined benefit plan for federal
government employees who are covered by social security
provides lower benefits than the plan for federal employ
ees who are not covered by social security.
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
on the data sets maintained by the P B G C because these
data sets have detailed information on the actuarial
schedule of F o r m 5500. The P B G C classifies returns by
calendar years based on the starting date of the period
that they cover; this article follows this approach.1
1
Comparisons across years reveal that significant
numbers of plans are missing from the P B G C data sets
for 2000-2002. Overlapping estimates of ending and
beginning assets adjusted for revisions to previously
reported values imply that about 15 percent of plans
(weighted by assets) are missing for 2000, falling to 8.7
percent in 2001 and 5.6 percent in 2002. The variable
totals for these years were increased by the appropriate
percent to take account of missing plans. Furthermore,
values for variables that are missing or that have unus
able information are imputed using regression models.
Estimates using the cash accounting approach pro
vide a baseline for comparison with the actuarial m e a
sures of pension income. The income to households
from employer contributions recorded under this ap
proach is quite variable, rising from about $33 billion
for 2000 to near $100 billion for both 2002 and 2003
(table 1). Large holding gains during the bull market
that lasted from 1995 to early 2000 left m a n y plans
overfunded, allowing their sponsors to take contribu
tion holidays in 2000 and 2001. Holding losses fol
lowed in 2000-2002 with the bursting of the dot-com
bubble. Employers were therefore obliged to increase
contributions to restore funding levels. Yet despite the
11. This causes some differences between the estimates in this article of
contributions to private defined benefit plans and those published in NIPA
table 6.1 ID. The estimates in this table are based on data from the Depart
ment of Labor, which classifies returns by calendar years based on the end
ing date of a plan’s fiscal year. A few large plans have fiscal years that span
the turn of the new year, so their returns are classified in an earlier year
when the starting date is used.
B
5 5
u s in e s s
increase in contributions, the holding losses left the
plans with $400 billion less in assets at the end of 2002
than the $2 trillion they had at the beginning of 2000.
These losses were then reversed by a 4-year string of
holding gains, leaving the plans with $2.5 trillion in as
sets at the end of 2006.
Saving by the plans plays almost no role in the
growth of their assets because i was near zero in
t
2002-2006. This lack of saving reflects the aging of
plan participants, w h o are more likely to be retired
than active. The retirement of m a n y participants is also
reflected in the rising totals for benefit payments net of
employee contributions, which reached $150 billion in
2006.1
2
As expected, accruals of entitlements to benefits
measured under the A B O approach are more stable
than employer contributions to the plans. The A B O
value of benefits earned rises from $66.6 billion for
2000 to $79.4 billion for 2006 (table 2), with an average
level over those 7 years of $73.5 billion, close to the
$79.6 billion average of the employer contributions.
O n the other hand, the imputed interest cost of the ac
tuarial current liability of the plans i , on average,
s
more than twice as high as the actual investment in
c ome shown in table 1 The actuarial liability of the
.
plans is lower than their assets in 2000 and 2001, and
only 10 to 25 percent higher in later years, so the main
reason w h y the imputed interest on this liability is
higher than the actual investment income from the
plan assets i that the assumed interest rate i higher
s
s
than the realized rate of return on assets excluding
12. The benefits in table 1 include lump-sum distributions at the time of
retirement that go directly to the retiree or used to purchase an annuity
from a life insurer. Investment income on life insurance reserves for group
annuity contracts purchased by employers or defined benefit plans are
excluded from the investment income shown in table 1 .
T a b le 1. H o u s e h o ld W e a lth a n d In c o m e fr o m P riv a te D e fin e d B e n e fit P la n s : C a s h A c c o u n t in g A p p ro a c h
[Billions of dollars except as noted]
Line
2000
2001
2002
2004
2003
2005
2006
1 Opening balance.....................................................................................................
2,011.7
1,918.4
1,755.0
1,657.6
1,944.7
2,105.8
2,227.4
2 Household income..................................................................................................
3
Employer contributions.........................................................................................
4 Investment income from plan assets....................................................................
96.1
32.8
63.3
110.2
52.2
58.0
149.3
100.2
49.1
149.7
100.8
48.9
149.2
95.4
53.8
149.8
92.7
57.1
155.7
89.0
66.7
5 Plan administrative expenses..................................................................................
7.3
7.2
6.9
7.4
8.3
8.6
9.4
6 Net benefits.............................................................................................................
7 Household saving ( 2 - 5 - 6 ) ...................................................................................
117.4
-28.6
123.8
-20.8
133.7
8.7
134.8
7.5
141.1
-0.2
138.8
2.5
149.7
-3.5
8 Holding gains/losses on plan assets........................................................................
9 Net transfers and other sources of difference between reported beginning-of-year
and end-of-year assets’ .......................................................................................
10 Reported end-of-year assets (1 + 7 + 8 + 9 )............................................................
11 Other changes in value of assets2...........................................................................
12 Change in wealth (7 + 8 + 9 + 11)...........................................................................
-74.1
-139.4
-130.9
277.2
167.3
126.5
230.9
-0.5
1,908.5
9.9
-93.3
-4.4
1,753.8
1.3
-163.4
-7.0
1,625.9
31.7
-97.4
-2.5
1,939.7
5.0
287.1
10.0
2,121.8
-16.0
161.1
-7.3
2,227.4
-2.5
119.1
31.2
2,485.9
n.a.
258.6
Addenda:
13 Number of active participants (millions)3..................................................................
14 Total number of participants (millions).....................................................................
16 Personal income, NIPAs...........................................................................................
22.4
41.7
8,559.4
22.4
42.1
8,883.3
22.2
42.9
9,060.1
21.6
42.8
9,378.1
21.0
42.7
10,485.9
20.4
42.5
11,268.1
19.9
42.2
11,894.1
n.a. Not available
1. Consists of data discrepancies as measured by comparing opening and closing balance sheets
reported by the plans to the income and holding gains reported by the plans.
2. Difference between reported assets at year end and the assets that the tax returns for the
following year show as present at the beginning of that year after adjustments for missing tax returns.
3. Includes 0.7 million participants in frozen plans in 2005 and 0.9 million participants in frozen plans
in 2006. (Frozen plans cannot be identified before 2005.)
N o t e . Totals for 2000,2001, and 2002 include imputations for missing observations. The reported
totals have been adjusted up by 15.7 percent, 9.2 percent, and 5.3 percent in 2000,2001, and 2002,
respectively.
5 6
D e f in e d
B e n e fit P e n s io n s
a n d
H o u s e h o ld
holding gains. The low level of actual investment in
c om e reflects the reliance of the plans on holding gains
as a source of funding for benefits, so including the i m
puted interest in household income in effect includes
expecting holding gains in income. This makes the ac
tuarial measures of household income and saving in
table 2 higher than the cash accounting measures in ta
ble 1 Table 2 also shows that estimates of plan actuar
.
ial liabilities are sensitive to assumptions about interest
rates and other factors.
In c o m e
a n d
W e a lth
A u g u s t
2 0 0 9
Participants in plans under P B G C trusteeship effec
tively receive annuities purchased with a combination
of P B G C insurance and the value of the surrendered
plan assets. The interest on the principle used to pur
chase the annuity and the government social insurance
provided by the P B G C would represent household sec
tor income in a cash accounting framework. Benefits
paid by the P B G C also include a component that rep
resents a return of the principle used to purchase the
annuity. For purposes of measuring household sector
wealth in a cash accounting framework, the assets held
by the P B G C can be viewed as a measure of the value
of the portion of the annuity that does not come from
government social insurance.1
4
The assets of plans entering P B G C trusteeship are
generally sufficient to pay m u c h of the promised bene
fits— plans that were taken over by the P B G C in 2008
had, for example, an average funding ratio of 59 per
cent.1 The remainder of the benefit funding comes
5
from the insurance provided by the P B GC . In 2007,
the P B G C disbursed $4.3 billion in benefits to retirees
and assistance to multiemployer plans (table 3). O f this
amount, $2.6 billion was funded by insurance and
hence included in government social benefits in the
NIPAs, and $1.7 billion was funded from the assets of
terminated plans.
Under accrual accounting approaches, the present
Federal programs for private sector retirees
The federal government has two programs— the Pen
sion Benefit Guaranty Corporation (PBGC) and the
Railroad Retirement Board— that provide pension
benefits to private sector retirees. Like social security,
these programs are classified as government social in
surance in the NIPAs, which means that household in
c om e from these programs i measured by benefit
s
payments. They are small in comparison with national
totals for private defined benefit plans. Nevertheless,
they are close substitutes for defined benefit plans and
are part of the complete picture of households’accrued
pension benefit wealth.
The PBGC. As trustee for underfunded defined
benefit plans that are terminated, the P B G C receives
the assets of these plans and assumes responsibility for
paying the benefits due to their participants up to the
insured m a x i m u m (currently $4,500 per m o n t h for a
65 year old retiree without survivor’ benefits or $4,050
s
with a survivor annuity). Between 1986 and 2004,
about 2000 plans entered into P B G C trusteeship.1
3
14. A comprehensive measure of retirement wealth would also include
annuities purchased in standard terminations of defined benefit plans and
by existing defined benefit plans, defined contribution plans, and individu
als. The Labor Department’s Private Pension Plan Bulletin: Abstract o f2005
Form 5500 Annual Reports estimates the value of the group annuity con
tracts for payment of retirement benefits at 10 to 15 percent of the total for
defined benefit and defined contribution plan assets.
15. PBGC 2008 Annual Report, 13.
13. PBGC An Analysis o f Frozen Defined Benefit Plans, 1.
T a b le 2. H o u s e h o ld In c o m e a n d W e a lth F ro m P riv a te D e fin e d B e n e fit P la n s : A B O A c c r u a l A c c o u n t in g A p p ro a c h
[Billions of dollars]
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
2000
Opening ABO current liability at interest rates used by plans...........................................
Effect of changing to 6 percent interest rate....................................................................
Opening ABO current liability at 6 percent interest rate....................................................
Benefits accrued.............................................................................................................
Employee contributions...............................................................................................
Benefits accrued net of employee contributions............................................................
Interest cost of current liability at 6 percent interest rate...................................................
Household income, ABO approach (6 + 7 )......................................................................
Net benefits paid................................
Household saving, at 6 percent rate (8 - 9).....................................................................
Other factors1.....................................
Change in current liability at 6 percent interest rate..........................................................
Effect of change in interest rate assumption to 6 percent.................................................
Change in current liability, at rates used by plans (12 +13)..............................................
2002
2003
2004
2005
2006
1,852.2
-7.6
1,844.6
70.5
0.7
69.8
110.7
180.5
123.8
56.7
53.1
109.8
-29.2
80.6
1,932.8
21.6
1,954.4
76.1
1.1
75.0
117.3
192.3
133.7
58.6
58.3
116.9
30.9
147.8
2,080.7
-9.3
2,071.3
75.3
0.9
75.4
124.3
198.7
134.8
63.9
-4.3
59.5
-74.0
-14.5
2,066.2
64.7
2,130.9
71.3
0.8
70.5
127.9
198.4
141.1
57.3
93.9
151.1
61.4
212.6
2,278.7
3.3
2,282.0
75.3
1.0
74.3
136.9
211.3
138.8
72.5
-69.9
2.6
62.2
64.8
2,346.1
-58.9
2,287.2
79.4
0.9
78.5
137.3
215.6
149.8
66.0
n.a.
n.a.
n.a.
n.a.
114.2
113.4
103.6
104.0
90.8
89.8
79.7
80.0
94.1
91.3
92.4
92.3
94.9
97.4
116.3
103.9
92.8
81.4
96.3
96.4
93.8
Addenda:
19 Assets as percent of current liability at rates used by plans.............................................
20 Assets as percent of current liability at 6 percent interest rate..........................................
21 Assets as percent of current liability, excluding plans with missing values, at rates used by
plans...........................................................................................................................
n.a. Not available
ABO Accrued benefit obligation
1. Includes effects of experience, changes in assumptions other than the interest rate, and plan
amendments.
2001
1,761.1
12.9
1,773.9
66.6
0.8
65.8
106.4
172.3
117.4
54.8
15.8
70.7
20.5
91.2
Totals for 2000,2001, and 2002 include imputations for missing observations. The reported
totals have been adjusted up by 15.7 percent, 9.2 percent, and 5.3 percent in 2000,2001, and 2002,
respectively,
N o te.
A u g u s t
2 0 0 9
S
u r v e y
C
o f
u r r e n t
B
5 7
u s in e s s
than actual investment income earned on P B G C assets
because these assets are not as large as the benefit lia
bility and because the rate of return on assets (exclud
ing holding gains and losses) is lower than the assumed
interest rate.
The Railroad Retirement Board. This program
takes the place of both social security and defined ben
efit pension plans for employees of the railroad indus
try. Payroll taxes levied on employers and on
employees are its main source of funding.
In the NIPAs, the railroad retirement program i
s
treated like social security. This is the only possible
treatment for Tier I of railroad retirement, which is in
tegrated with social security and has equivalent taxes
and benefits. Tier I , on the other hand, i similar
I
s
enough to a defined benefit plan to justify a treatment
that includes i in the defined benefit pension assets of
t
households. Indeed, this is the approach taken by the
Federal Reserve Board in its flow-of-funds accounts.
Although the long downward trend in railroad e m
ployment ended in 2002, Tier II benefit payments con
tinue to grow faster than payroll tax receipts. The level
of the benefits i also higher; for example, in 2007 the
s
benefit payments amounted to about $4 billion, and
the payroll taxes were $2.6 billion, of which $2
billion came from employers (table 4). Normally,
value of future benefits payable by the P B G C is in
cluded in the benefit entitlement wealth of the house
hold sector. Thus, w h e n a plan i taken over by the
s
PBG C, only the loss of benefits that exceed the insured
m a x i m u m is recorded as a decline in household sector
wealth. Under this approach, households would also
receive imputed interest income on the actuarial value
of their benefit entitlements, which would normally
exceed the interest on plan assets that would be re
corded under the cash accounting approach.
The present value of future benefits from P B G C
trusteed plans rose from under $10 billion in 2000 to
$65.1 billion in 2007 (table 3). In estimating these val
ues, the P B G C adjusts its interest-rate assumption to
reflect currently available rates on annuities, so part of
this rapid rise stems from a decline in the assumed in
terest rate from 7 percent to 5.31 percent. For 2008,
about $7.6 billion of the $8.5 billion decline to $56.6
billion is due to a change in the interest rate assump
tion to 6.66 percent ( P B G C 2008 Actuarial Report,27).
The estimate of the interest cost of the P B G C ’ ben
s
efit liability is less sensitive to the interest-rate assump
tion; i rose to $3.4 billion in 2008 from $3.3 billion in
t
2007. These amounts should be treated as imputed in
terest income to households under the accrual ac
counting approach. They are about $1.1 billion higher
T a b le 3. B e n e fit P a y m e n ts a n d B e n e fit O b lig a tio n s o f th e P e n s io n B e n e fit G u a r a n ty C o r p o r a tio n (P B G C )
[Billions of dollars except as noted]
Line
1
2
3
4
5
6
2000
Income or expense:
Benefits and assistance to plans...............................................................
Government social benefits, NIPAs...........................................................
Investment income from assets.................................................................
Interest cost of liability for future benefits, single employer plans...............
Administrative expenses...........................................................................
Premium income......................................................................................
2001
2003
2002
2004
2005
2006
2007
2008
1.0
0.9
0.9
0.7
0.2
0.8
2.5
2.3
1.0
1.8
0.2
1.0
3.0
2.4
1.0
1.9
0.3
1.5
3.7
2.6
1.4
2.6
0.3
1.5
4.2
2.5
1.9
3.2
0.3
1.5
4.3
2.6
2.2
3.3
0.4
1.6
4.4
n.a.
2.3
3.4
0.4
1.5
21.2
12.7
25.0
21.7
33.4
38.9
37.5
43.3
47.0
57.3
51.0
63.9
56.1
65.1
49.3
56.6
10.6
9.7
13.5
7.7
28.6
-3.6
44.6
-11.2
60.8
-23.3
69.7
-22.8
69.1
-18.1
69.2
-13.1
60.0
-10.7
0.2
7.0
Addenda:
11 Number of participants receiving benefits (millions)...................................
12 Interest rate assumption (for first 20 years)................................................
1.9
1.7
1.0
1.1
0.2
0.8
20.3
9.4
Assets and benefit liability:
7 Net assets, before benefit liability.............................................................
8 Present value of future benefits, trusteed plans.........................................
9 Future benefits of trusteed plans plus projected net cost of probable
terminations..........................................................................................
10 PBGC net position (7-9)...........................................................................
1.2
1.1
0.9
0.8
0.2
0.8
0.3
6.7
0.3
5.7
0.5
4.4
0.5
4.8
0.7
5.2
0.6
4.9
0.6
5.3
0.6
6.7
n.a. Not available
T a b le 4. R a ilro a d R e tire m e n t B o a rd T ie r II T a x e s a n d B e n e fits
[Billions of dollars except as noted]
2000
Receipts from payroll taxes....................................................................
Employer portion of payroll taxes........................................................
Investment income on assets of Railroad Retirement Account and
National Railroad Retirement Investment Trust....................................
Benefit payments...................................................................................
Net of employee portion of payroll tax.................................................
Railroad Retirement Account balance....................................................
National Railroad Retirement Investment Trust balance..........................
Holding gains on assets of National Railroad Retirement Investment
Trust..................................................................................................
Number of beneficiaries (millions)..........................................................
2001
2004
2003
2005
2006
2008
2007
2.9
2.3
2.8
2.2
2.7
2.1
2.7
2.0
2.6
1.9
2.6
1.9
2.7
2.0
2.6
2.0
2.6
2.0
1.3
3.0
2.3
17.0
0.0
2.0
3.0
2.3
18.9
0.0
1.9
3.2
2.6
18.6
1.4
0.6
3.5
2.8
0.5
23.0
0.4
3.6
2.9
0.6
25.0
0.4
3.7
3.0
0.6
27.6
0.6
3.8
3.1
0.5
29.3
0.5
4.1
3.4
0.6
32.6
0.6
4.1
3.5
0.6
25.3
n.a.
0.8
n.a.
0.7
-0.1
0.7
2.7
0.7
3.0
0.7
3.1
0.7
2.2
0.6
4.2
0.6
-6.5
0.6
n.a. Not available
N otes . In 2007, employer’s tax rate for nonsocial security portion of railroad pension was about 12
percent, and the employee’s tax rate was about 4 percent. At an interest rate of 7.5 percent, a
projected benefit obligation estimate of the normal cost rate was 6.26 percent of payroll.
2002
At an interest rate of 7.5 percent, a projected benefit obligation estimate of the present value of
accrued future benefits as of the end of 2007 is $66.4 billion, which implies a funded ratio of about 50
percent based on 2007 assets.
5 8
D e f in e d
B e n e fit P e n s io n s
a n d
H o u s e h o ld
however, investment income and holding gains on as
sets are sufficient to cover the gap between the pro
gram’ benefit expenses and its receipts from payroll
s
taxes. In 2007, which was a good year for holding
gains, investment income was about $0.5 billion, and
holding gains were about $4.2 billion.
A railroad retirement actuarial report for a valua
tion date of December 31, 2007, estimates a P B O nor
mal cost rate of 6.26 percent of payroll, assuming an
interest rate of 7.5 percent. After subtracting the pay
roll taxes paid by employees of $0.6 billion from the
dollar value of the plan’ normal costs (employee’ ser
s
s
vice in 2007), earnings of benefit entitlements are only
about $0.4 billion in 2007. The implied value of partic
ipants’ imputed interest income from interest on the
actuarial value of their benefit entitlement i , however,
s
m u c h higher, about $5 billion. The imputed interest
income is also large in relation to the actual investment
income earned on plan assets, because assets are about
half as large as the actuarial value of the benefit entitle
ment, and m u c h of the return on the assets in the port
folio i expected to co me from holding gains, not
s
interest and dividends.
In c o m e
a n d
W e a lth
A u g u s t
2 0 0 9
the cost of the plans, the burden of making the contri
butions needed to fund the promised benefits is likely
to be shared by the employees of the state or local gov
ernment. In contrast, private sector defined benefit
plans rarely require significant employee contribu
tions.
State and local government plans had roughly 14.4
million active participants in 2006 (table 5). Their e m
ployer contributions were $67.8 billion in 2006, c o m
pared with $89.0 billion for private plans. Yet even
though they have fewer active participants and lower
employer contributions than the private plans, their
total income is about the same as that of the private de
fined benefit plans because of their high investment in
come from their assets. The total income of the state
and local government plans rose from $141 billion to
$161 billion in 2004-2006, compared with a rise from
$149 billion to $156 billion.
State and local plans have higher investment income
than private plans because they have more assets, $3.1
trillion at the end of 2006, compared with $2.5 trillion
for private plans. The plans are able to acquire high
levels of assets despite having comparatively low levels
of employer contributions because they receive signifi
cant funds from employee contributions. Moreover,
the state and local government plans suffered smaller
holding losses in the bear market of 2000-2002, giving
them a slightly better average investment performance
than the private plans over 2000-2006. The investment
income and employee contributions help the state and
local government plans to achieve a higher average sav
ing level (around $22 billion per year over 2000-2006,
compared with a negative average for the private
plans). The higher saving is a reflection of the younger
age profile of the participants in the state and local
government plans: around 55 percent of the partici
pants in these plans are s ill in their working years,
t
State and local government plans
Although pension plans in the private sector are in
creasingly structured as defined contribution plans, in
the state and local government sector, defined benefit
plans continue to predominate. The importance of the
pension plan tends to be greater for state and local gov
ernment employees than for private sector employees,
in part because m a n y state or local government e m
ployees are not covered by social security. State and lo
cal government plans differ from private defined
benefit plans in several ways. For example, m a n y state
and local government plans escalate benefit payments
based on a measure of inflation. Although this adds to
T a b le 5. H o u s e h o ld In c o m e a n d W e a lth F ro m S ta te a n d L o c a l G o v e r n m e n t D e fin e d B e n e fit P la n s : C a s h A c c o u n t in g A p p ro a c h
[Billions of dollars except as noted]
Line
1 Household income.....................................................................................
2
Employer contributions..........................................................................
3
Investment income from plan assets......................................................
2000
2001
122.6
39.5
83.1
2002
109.5
38.8
70.6
2003
110.6
42.1
68.5
2004
128.6
53.1
75.5
2005
141.0
59.8
81.3
2006
147.8
60.9
86.9
161.2
67.8
93.4
4 Plan administrative expenses....................................................................
6.0
7.5
7.6
7.6
9.0
10.0
12.5
5 Benefits, net of employee contributions......................................................
6 Benefits and withdrawals.......................................................................
7 Employee contributions..........................................................................
8 Household saving (1 + 4 + 5 )....................................................................
74.7
100.4
25.7
42.0
82.6
109.6
27.0
19.3
91.7
119.6
27.9
11.3
101.1
130.5
29.4
19.8
109.3
140.1
30.8
22.7
117.4
149.0
31.6
20.4
127.5
160.5
33.0
21.2
9 Holding gains on plan assets.....................................................................
61.8
-77.9
-69.6
113.6
201.8
187.7
288.0
10 Net transfers and other changes in value of assets.....................................
11 Change in assets (8 + 9 + 10)
22.0
125.8
53.2
-5.3
47.4
-10.9
24.7
158.1
29.2
253.8
-9.9
198.2
50.7
359.9
12 Closing assets...........................................................................................
2,163.1
2,157.8
2,146.9
2,305.0
2,558.8
2,757.0
3,116.9
Addenda:
13 Active participants (millions)......................................................................
14 Total participants (millions)........................................................................
13.5
22.4
13.8
23.2
14.1
23.9
14.1
24.3
14.1
24.8
14.2
25.4
14.4
26.1
A u g u s t
2 0 0 9
Su
r v e y
o f
C
u r r e n t
compared with around 45 percent for private plans.
The state and local government plans also have smaller
net benefit disbursements; they average $100.6 billion
per year, compared with $134.2 b i l on for private
li
plans.
The Census Bureau has long collected cash account
ing data on state and local government pension plans,
but until recently, it did not collect actuarial data on
these plans. To obtain actuarial data on state and local
government plans, B E A compiled a data set of the ac
tuarial information found in the financial reports of
the larger state and local government plans and of a
sample of smaller plans. This data set has observations
on 124 large plans or plan families, which collectively
account for most of the plan contributions, assets, and
benefits.
Actuarial estimates of household income and wealth
from state and local government pension plans based
on the B E A data set are higher than the corresponding
cash accounting estimates, but h o w the actuarial esti
mate of benefits accrued during the plan year c o m
pares with employer contributions depends on
whether the A B O or the P B O approach is used.1 The
6
P B O measures of benefits earned net of employee con
tributions, labeled “employer’ normal cost” in table 6,
s
are lower than the cash-accounting measure of house
hold income from employer contributions in 20032006. In 2006, for example, employer’ normal cost i
s
s
about $51.7 billion, compared with employer contri
butions of $67.8 billion.
O n the other hand, the P B O measure of overall in
c om e from the plans is higher than the cash account
ing measure, because the imputed interest income of
the plan participants on the actuarial value of their
benefit entitlements is $261.9 billion, which far exceeds
the actual investment income on the plan assets in
2006 of $93.4 billion. Table 6 is based on measures re
ported by the plans, which are mostly calculated using
16. For a discussion of these estimates, see Lenze (2009).
B
5 9
u s in e s s
a level percent-of-pay approach and interest rates
around 8 percent. The tendency of the P B O approach
to attribute a large share of the total income accruing
to plan participants to interest on the actuarial value of
their benefit entitlements becomes more noticeable at
such high rates of interest.
Defined benefit plans’ financial strategies generally
rely on expected holding gains as one of the sources of
funds for benefit payments. Yet even after adding hold
ing gains to investment income, total returns from the
plans’ assets fall short of the interest cost of their actu
arial liability at the rates assumed by the plans. The to
tal returns average $181 billion over 2000-2006,
compared with an average interest cost of the P B O lia
bility of $219 billion. The plans’total rates of return on
their assets are not as high as the rates of interest that
they assume, and their assets are not as large as their
P B O actuarial liabilities. The funded ratios in table 6
range from 97.5 percent in 2000, w h e n a bull market
ended, to 83.8 percent at the end of the bear market 2
years later.
Switching to an A B O approach and adjusting the interest-rate assumptions to the 6 percent level that
m a n y private plans use for the A B O information on
F o r m 5500 raises the estimate of benefits accrued in
2006 to $76.4 billion (table 7).1 The increase from the
7
P B O estimate of $51.7 billion reflects both the effect of
scaling back the interest-rate assumption and the ten
dency of the A B O approach to attribute more of e m
ployee’ total income from the plan to service to the
s
employer than does the P B O approach. The imputed
interest income on plan participants’ benefit entitle
ments under the A B O approach falls to $189.6 billion,
so the total participant income falls from $313.6 billion
under the P B O approach to $266.0 billion under the
A B O approach. The A B O approach also yields lower
17. To change the interest-rate assumption, Lenze (2009) uses the formula
that the PBGC uses to find the effects of changing the interest rate on plans’
termination liability.
T a b le 6. H o u s e h o ld In c o m e a n d W e a lth F ro m S ta te a n d L o c a l G o v e r n m e n t D e fin e d B e n e fit P la n s : P B O A p p ro a c h
[Billions of dollars except as noted]
Line
2000
2001
2002
2004
2003
2005
2006
1 Household income....................................................................................
2
Employer’s normal cost excluding administrative expenses....................
3
Imputed interest on plans’ benefit liability..............................................
219.3
41.0
178.3
236.2
43.9
192.3
251.7
46.1
205.7
265.2
46.9
218.3
278.6
47.4
231.2
294.7
49.0
245.7
313.6
51.7
261.9
4 Benefits, net of employee contributions.....................................................
5 Household saving (1 + 4)..........................................................................
74.7
144.6
82.7
153.6
91.6
160.1
101.1
164.1
109.3
169.2
117.4
177.3
127.5
186.2
6 Actuarial liability of plans..........................................................................
2,218.1
2,393.3
2,560.7
2,730.6
2,902.4
3,088.3
3,296.3
7 Assets of plans (market value)..................................................................
2,163.1
2,157.8
2,146.9
2,305.0
2,558.8
2,757.0
3,116.9
8 Unfunded actuarial liability........................................................................
55.0
235.5
413.8
425.6
343.6
331.2
179.3
9 Funded ratio (percent)..............................................................................
97.5
90.2
83.8
84.4
88.2
89.3
94.6
Addenda:
Unfunded actuarial liability as a percent of payroll.....................................
Employer’s normal cost per active participant (dollars)..............................
Employer’s normal cost as a percent of payroll.........................................
Investment rate of return assumption (percent).........................................
11.1
3,034.0
8.3
8.0
45.2
3,171.0
8.4
8.0
76.3
3,276.0
8.5
8.0
76.4
3,334.0
8.4
8.0
59.9
3,362.0
8.3
8.0
55.6
3,440.0
8.2
8.0
28.7
3,582.0
8.3
8.0
10
11
12
13
PBO Projected benefit obligation
6 0
D e f in e d
B e n e fit P e n s io n s
a n d
estimates of the value of participants’ benefit entitle
ments than the P B O approach. These lower estimates
are closer to the plans’ asset levels than the P B O esti
mates, so the plans’ assets remain above 90 percent of
their accrued benefit liability for the entire period cov
ered by table 7 and end at 98.7 percent in 2006.1
8
Federal employee plans
Defined benefit pension plans for federal government
employees have less than one-third of the n umber of
active participants of state and local government plans
and about a fifth as m a n y as private defined benefit
plans. Nonetheless, their employer contributions are
higher than those of the state and local government
plans in every year, and by 2006, they had reached par
ity with those of the private plans at $91.2 billion (table
8). In other words, under the cash accounting ap
proach, in 2006, defined benefit pension-related c o m
pensation for 4 million federal employees is as large as
i was for a group of almost 20 million private sector
t
employees.
This striking difference in the average contribution
rate per employee arises because plan freezes and hold-
H o u s e h o ld
In c o m e
a n d
W e a lt h
A u g u s t
2 0 0 9
ing gains from investments reduce required contribu
tion levels for the private plans, while young
retirement ages in military plans and relatively gener
ous benefit levels (caused in part by the substitution of
pension benefits for social security benefits for partici
pants in military plans and the older civilian plans)
raise required contribution levels in the federal plans.
Moreover, about half of the federal plan contributions
are designated as “catch-up contributions” that are in
tended to compensate for past underfunding.1 Be
9
cause the federal employee plans historically operated
on a pay-as-you-go basis, their asset levels are only
around 40 percent of the value of their actuarial liabili
ties; despite the rapid growth of assets since the catch
up contributions began, their value in 2007 of under
$1 trillion was far less than their benefit liability of $2.4
trillion (table 9).2 These relatively low asset levels
0
m e a n that relatively little investment income is
available to help fund benefit payments by federal
plans, which places an additional burden on contri
butions. Note, however, that the P B O approach and
19. To prevent distortion in the measure of current compensation of fed
eral government employees, most federal catch-up contributions are
18. Lenze (2009) also considers the effect on the ABO of reducing the treated as capital transfers in the NIPAs.
interest-rate assumption to the risk-free rate on a 20-year Treasury bond.
20. These plans invest almost entirely in special Treasury securities. As
Using a rate of 4.9 percent for 2006 reduces the estimate of the ratio of
these are a liability of the employer, in a strict sense, the federal plans are
assets to the ABO to 91.5 percent.
unfunded.
T a b le 7. H o u s e h o ld In c o m e a n d W e a lth F ro m S ta te a n d L o c a l G o v e r n m e n t D e fin e d B e n e fit P la n s : A B O A p p ro a c h
[Billions of dollars except as noted]
2000
Line
1 Household income..................................................................................................
2
Benefits accrued (net of employee contributions and administrative expenses).....
Imputed interest on plans’ accrued liability............................................................
3
2002
2001
175.3
55.0
120.3
193.3
60.8
132.5
207.1
64.2
142.8
2003
2004
2005
219.4
65.9
153.5
232.4
67.6
164.8
246.2
69.8
176.4
2006
266.0
76.4
189.6
4 Benefits net of employee contributions....................................................................
74.7
82.7
91.6
101.1
109.3
117.4
127.5
5 Equals: accrued saving in pension plans..................................................................
100.6
110.6
115.4
118.3
123.1
128.8
138.5
6 Accrued liability.......................................................................................................
2,005.1
2,207.7
2,380.8
2,558.1
2,747.2
2,939.3
3,159.7
7 Assets (market value)...............................................................................................
2,163.1
2,157.8
2,146.9
2,305.0
2,558.8
2,757.0
3,116.9
Addenda:
Unfunded actuarial liability.......................................................................................
Funded ratio (percent)..............................................................................................
Unfunded actuarial liability as a percentage of payroll..............................................
Benefit accruals per active participant (dollars)........................................................
Benefit accruals as a percent of payroll...................................................................
-158.0
107.9
-32.0
4,068.0
11.1
49.9
97.7
9.6
4,395.0
11.7
233.9
90.2
43.1
4,569.0
11.8
253.0
90.1
45.4
4,683.0
11.8
188.4
93.1
32.9
4,792.0
11.8
182.3
93.8
30.6
4,902.0
11.7
42.7
98.7
6.8
5,295.0
12.2
8
9
10
11
12
ABO Accrued benefit obligation
N o te . Estimates assume an interest rate of 6 percent.
T a b le 8. H o u s e h o ld In c o m e a n d W e a lth F ro m F e d e ra l G o v e rn m e n t D e fin e d B e n e fit P la n s : C a s h A c c o u n t in g A p p ro a c h
[Billions of dollars except as noted]
2000
Line
2001
2002
2003
2004
2005
2006
2007
Household income..............................................................................
Employer contributions.....................................................................
Investment income from plan assets................................................
Plan administrative expenses..............................................................
Benefits, net of employee contributions...............................................
Benefits and withdrawals.................................................................
Employee contributions....................................................................
Household saving ( 1 - 5 - 6 ) ...............................................................
114.6
66.6
48.1
0.1
75.2
79.9
4.8
39.3
117.8
68.6
49.2
0.1
78.9
83.6
4.7
38.8
121.4
72.2
49.1
0.1
81.3
85.9
4.6
40.0
118.6
70.4
48.2
0.1
83.1
87.8
4.6
35.3
128.3
81.3
47.0
0.1
87.2
91.8
4.6
41.0
134.7
85.1
49.6
0.1
92.4
96.8
4.5
42.2
139.1
91.2
47.9
0.1
98.3
102.7
4.4
40.9
147.4
98.0
49.4
0.1
104.1
108.3
4.2
43.2
Addenda:
10 Assets, end of calendar year...............................................................
11 Active participants (millions)................................................................
12 Total participants (millions)..................................................................
691.4
4.1
8.6
751.0
4.1
8.6
789.0
4.1
8.7
826.2
4.1
8.7
868.2
4.2
8.7
895.4
4.1
8.7
931.9
4.1
8.7
965.6
4.1
8.7
1
2
4
5
6
7
8
9
A u g u s t
Su
2 0 0 9
r v e y
o f
C
B
u r r e n t
61
u s in e s s
on plan assets. As a result, defined benefit plan saving
is higher w h e n measured on an accrual accounting ba
sis than w h e n measured on a cash accounting basis.
conservative assumptions used to calculate the actuar
ial liability of the federal plans result in lower estimates
of the funded ratio than the A B O approach used for
the private plans. (BEA has not developed A B O esti
mates for the federal plans, but i plans to do so in the
t
future.)
The cash accounting and accrual accounting ap
proaches give different pictures of the relative amounts
of pension-related compensation that federal govern
ment employees receive. The employer’ normal cost
s
for the federal plans of about $41 billion in 2007 is less
than half of the $98 billion in employer contributions.
As the contributions partly relate to past service, the
federal plans are an example of the potential for distor
tions in the timing of measured pension-related c o m
pensation under the cash accounting approach. O n the
other hand, the actuarial measure of total participant
income is higher than the cash accounting measure
($180.5 billion, compared with $147.4 billion in 2007)
because the participants’ imputed interest income
based on the actuarial value of their benefit entitle
ment is m u c h higher than the actual interest received
Effect on Household Income,
Saving, and Wealth
Income
Combining all defined benefit plans shows that the in
come households received from these plans in 2006 i ,
s
on average, about 4.6 percent of disposable personal
income (DPI) if measured on a cash accounting basis
and about 6.6 percent of DPI if measured on an ac
crual basis (table 10). (The accrual estimate uses the
A B O approach with a 6 percent interest-rate assump
tion for private and state and local government plans
and a P B O approach for federal government plans.)
The actuarial value of benefits earned is actually
lower than the employer contributions, so the gap be
tween the actuarial and cash accounting measures of
pension-related income is entirely due to the shortfall
of the investment income that the plans receive from
T a b le 9. H o u s e h o ld In c o m e a n d W e a lth F ro m F e d e ra l G o v e r n m e n t D e fin e d B e n e fit P la n s : P B O A p p ro a c h
[Billions of dollars except as noted]
Line
2001
2000
2002
2003
2004
2007
2006
2005
2008
1
2
3
4
5
6
7
Normal cost for benefits, net of employee contributions.........
Imputed interest on actuarial liability.....................................
Actuarial income of households (1 + 2 ).................................
Benefits, net of employee contributions.................................
Actuarial saving of households ( 3 - 4 ) ...................................
Actuarial liability of plans......................................................
Assets of plans (end of calendar year)..................................
29.3
113.3
142.6
75.2
67.5
1,762.3
691.4
33.0
116.7
149.7
78.9
70.8
1,821.2
751.0
37.1
116.9
154.0
81.3
72.7
1,859.8
789.0
33.9
114.8
148.7
83.1
65.5
1,929.4
826.2
33.7
118.4
152.1
87.2
64.9
2,067.9
868.2
37.1
126.9
164.0
92.4
71.7
2,169.2
895.4
38.0
133.0
171.0
98.3
72.7
2,316.1
931.9
40.9
139.6
180.5
104.1
76.4
2,415.1
965.6
42.0
145.6
187.6
109.0
78.6
2,608.9
1,029.7
8
9
10
11
Addenda:
Unfunded actuarial liability....................................................
Funded ratio (percent)..........................................................
Average normal cost per active employee.............................
Actuarial saving less cash accounting saving........................
1,070.9
39.2
8,352.0
28.1
1,070.2
41.2
9,231.0
32.0
1,070.8
42.4
10,201.0
32.7
1,103.2
42.8
9,322.0
30.2
1,199.7
42.0
9,229.0
23.9
1,273.8
41.3
10,100.0
29.4
1,384.2
40.2
10,324.0
32.1
1,449.5
40.0
11,043.0
33.2
1,579.2
39.5
11,074.0
n.a.
Assumptions for actuarial estimates: civilian plans
12 Interest rate..........................................................................
13 Inflation rate.........................................................................
14 Projected salary increase rate..............................................
7.0
4.0
4.3
6.8
3.8
4.3
6.8
3.8
4.3
6.3
3.3
4.0
6.3
3.3
4.0
6.3
3.3
4.0
6.3
3.5
4.3
6.3
3.5
4.3
6.3
3.5
4.3
Assumptions for actuarial estimates: military plans
15 Interest rate..........................................................................
16 Inflation rate.........................................................................
17 Projected salary increase rate..............................................
6.3
3.0
3.5
6.3
3.5
3.5
6.3
3.0
3.5
6.3
3.0
3.8
6.3
3.0
3.8
6.3
3.0
3.8
6.0
3.0
3.8
6.0
3.0
3.8
5.8
3.0
3.8
n.a. Not available
PBO Projected benefit obligation
T a b le 10. C o m p a r is o n o f C a s h A c c o u n t in g a n d A c tu a r ia l M e a s u re s o f D e fin e d B e n e fit P e n s io n In c o m e a n d W e a lth o f U .S . H o u s e h o ld s
[Percent of disposable personal income except as noted]
Line
2000
1 Household income, cash accounting approach................. .............................
2 Household income, actuarial approach...........................................................
3 Compensation, cash accounting approach..................................................
4
Compensation, actuarial approach..............................................................
Interest and dividend income, cash accounting...........................................
5
6
Interest income, actuarial approach.............................................................
7 Household saving, cash accounting approach................................................
8 Household saving, actuarial approach.............................................................
9 Household pension wealth, cash accounting...................................................
10 Household pension wealth, actuarial approach...............................................
11 Disposable personal income, NIPAs (billions of dollars)...................................
2001
2002
4.6
6.7
1.9
2.0
4.4
6.9
2.0
2.1
4.8
6.9
2.7
2.2
4.7
6.8
2.7
2.1
2004
2.7
4.6
0.7
3.0
65.3
79.4
2.3
4.7
0.4
3.1
61.2
80.1
2.1
4.7
0.7
3.1
57.3
80.6
7,327.2
7,648.5
8,009.7
2003
2005
2006
2.1
4.7
0.7
3.0
60.9
81.6
4.7
6.6
2.7
1.9
2.1
4.6
0.7
2.8
4.7
6.7
2.6
2.0
2.1
4.8
0.7
2.9
62.8
81.0
63.9
82.7
4.6
6.6
2.5
1.9
2.1
4.7
0.6
2.8
66.4
81.0
8,377.8
8,889.4
9,277.3
9,915.7
6 2
D e f in e d
B e n e fit P e n s io n s
a n d
their assets from the interest accruing on their actuar
ial liabilities for future benefits. About a third of this
shortfall can be attributed to the gap between the value
of the plans’ assets and value of their actuarial liability,
and about two-thirds of i can be attributed to the role
t
of expected holding gains in the funding strategy of the
private and state and local government plans. The in
terest and dividend income from these plans’assets are
low because m a n y of these assets are securities that are
expected to rise in value. If w e assume that the ex
pected holding gains are sufficient to bring the rate of
return on plan assets up to 6 percent, the gap between
household cash accounting income from defined bene
fi plans and their accrual accounting income shrinks
t
from about 30 percent of the accrual accounting in
come to about 10 percent.
Besides a shift in the level of income, the accrual ap
proach also implies a reduction in income volatility. In
particular, the accrual approach eliminates the volatil
ity seen in the cash accounting measure of household
income from defined benefit plans in 2002. In that
year, a j u m p in employer contributions added an
amount equal to 0.4 percent of DPI to the cash ac
counting measure.
Saving
Households accruing entitlements in a defined benefit
plan m a y take the growth of those entitlements into ac
count in deciding h o w m u c h of their overall income to
save. The higher measure of household income from
defined benefit plans w h e n these plans are accounted
for on an accrual basis implies a correspondingly
higher measure of the personal saving rate. O n a cash
accounting basis, defined benefit plans account for
about 0.7 percentage point of the average personal sav
ing rate of 2.8 percent in 2000-2006, but on an accrual
accounting basis, household saving in these plans
would average around 3 percent of DPI, implying an
average personal saving rate of 5.1 percent.
Wealth
Household wealth is also higher w h e n measured by the
actuarial value of their pension benefit entitlement, av
eraging about 81 percent of DPI, compared with 63
percent of D PI if defined benefit pension wealth i
s
measured by plan assets. Thus, U.S. households appear
thriftier and wealthier w h e n the saving and wealth of
participants in defined benefit pension plans are m e a
sured on an accrual basis.
H o u s e h o ld
In c o m e
a n d
W e a lt h
A u g u s t
2 0 0 9
References
Lazear, Edward P. and Robert L. Moore. 1988. “Pen
,
sions and Turnover.” In Pensions in the U.S. Economy,
edited by Z. Bodie, J Shoven, and D. Wise, 163-188.
.
Chicago: University of Chicago Press.
Lenze, David G. 2009. “Accrual Measures of Pension-Related Compensation and Wealth of State and
Local Government Workers.” B E A Working Paper.
Washington, DC: BEA, August.
Pension Benefit Guaranty Corporation. 2005. An
Analysis of Frozen Defined Benefit Plans. Washington,
DC: U.S. Government Printing Office.
Pension Benefit Guaranty Corporation (PBGC).
2005. Hard-Frozen Defined Benefit Plans: Findings for
2003-2004 and Preliminary Findings for 2005. W a s h
ington, DC: PBGC .
Pension Benefit Guaranty Corporation (PBGC).
2008. Pension Benefit Guaranty Corporation: 2008 A n
nual Report. Washington, DC: P B G C ; www.pbgc.gov/
docs/2008_annual_report.pdf.
Pension Benefit Guaranty Corporation (PBGC).
2008. Pension Insurance Data Book 2007. Washington,
D C: P B G C ; www.pbgc.gov/docs/2007databook.pdf.
Pension Benefit Guaranty Corporation (PBGC).
2008. 2008 Actuarial Report. Washington, DC: PB GC ;
www.pbgc.gov/docs/2008_actuarial_report.pdf.
Railroad Retirement Board. 2009. Twenty-Fourth
Actuarial Valuation Report of the Assets and Liabilities
Under the Railroad Retirement Acts as of December 31,
2007. Chicago: Bureau of the Actuary, June.
Stock, James H., and David A. Wise. 1990. “Pen
sions, the Option Value of Work, and Retirement.”
Econometrica 58 (September): 1,151-1,180.
System of National Accounts 2008: Volume 1. C o m
mission of the European Communities, International
Monetary Fund, Organisation for Economic Co-oper
ation and Development, United Nations, and World
Bank;
unstats.un.org/unsd/sna 1993/draftingphase/
W C - S N A v o l u m e l .pdf.
U.S. Department of the Labor. 2008. Private Pension
Plan Bulletin: Abstract of 2005 Form 5500 Annual Re
ports. Washington, DC: Employee Benefit Security A d
ministration,
February;
www.dol.gov/ebsa/pdf/
2005pensionplanbulletin.pdf.
U.S. Department of the Labor. 2008. Private Pension
Plan Bulletin: Historical Tables and Graphs. Washing
ton, DC: Employee Benefit Security Administration,
February; www.dol.gov/ebsa/pdf/
1975-2006historicaltables.pdf.
A u g u s t
6 3
2 0 0 9
U.S. M u ltinational C o m p an ies
O p e r a t i o n s in t h e U n i t e d S t a t e s a n d
A b r o a d
in 2 0 0 7
By Kevin B. Barefoot and Raymond J. Mata Ioni Jr.
H R EE key measures o f the worldwide operations
o f nonbank U.S. m ultinational com panies
(M N C s)— value added, em ploym ent, and capital ex
penditures— continued to increase in 2007, according
to prelim inary results from the annual survey o f U.S.
direct investment abroad conducted by the Bureau o f
E con om ic Analysis (B E A ).1 The prelim inary 20 0 7 esti
mates in this article supersede the advance sum m ary
estimates o f U.S. M N C em ploym ent, capital expendi
tures, and sales, which were released in April (see the
box “Revisions”).
In 2 0 0 7 , all three o f these measures o f U.S. M N C
operations grew for the fourth consecutive year, but
the rate o f growth for two o f them — value added and
capital expenditures— decelerated from 2006. Both d o
m estic and foreign operations continued to grow, but
T
the grow th in foreign operations was faster than the
growth in dom estic operations. The worldwide current-dollar value added o f U.S. M N Cs— the com bined
value added o f U.S. parent com panies and their m ajor
ity-ow ned foreign affiliates (“foreign affiliates”)— in
creased 4.8 percent; value added o f parents increased
2.0 percent, while value added o f foreign affiliates in
creased 11.6 percent (table 1). Value added measures
the contribution o f a com pany to the gross dom estic
produ ct (G D P) o f its coun try o f location.
1. A U.S. MNC comprises a U.S. parent company and its foreign affiliates.
For both conceptual and practical reasons, the examination of foreign oper
ations of U.S. MNCs in this article generally focuses on data for majorityowned foreign affiliates (MOFAs) rather than data for all foreign affiliates.
Conceptually, most data users prefer using the data for majority-owned
affiliates because such affiliates are unambiguously under U.S. control; for
eign affiliates that are minority-owned by a U.S. resident could be under the
control of foreign investors. In addition, some of the data items necessary
for the examination of foreign operations of U.S. MNCs are more easily col
lected for majority-owned affiliates, and most foreign affiliates are majority
owned; majority-owned affiliates accounted for 85.3 percent of the employ
ment by all nonbank foreign affiliates in 2007.
Revisions
The estimates of MNC operations in 2007 are prelimi
nary. The estimates of employment, capital expendi
tures, and sales supersede the advance summary
estimates that were released on April 17, 2009. From
the advance estimates to the preliminary estimates,
the estimate of employment was revised up 0.2 per
cent, the estimate of capital expenditures was revised
up 0.9 percent, and the estimate of sales was revised
down 0.3 percent.
The final estimates of MNC operations in 2006
are also presented. The final estimates of employment,
capital expenditures, and sales supersede the sum
mary estimates in the April news release and the pre
liminary estimates that were published in the
November 2008 S u rv e y o f C u r r e n t B u sin ess.1 From the
summary estimates to the final estimates, the estimate
of employment was revised up 0.5 percent, the esti
mate of capital expenditures was revised up 0.4 per
cent, and the estimate of sales was revised up 0.2
percent. From the preliminary estimates to the final
estimates, the estimate of employment was revised
down less than 0.1 percent, the estimate of capital
expenditures was revised up 0.8 percent, and the esti
mate of sales was revised down 0.1 percent.
In addition to the estimates of the levels of
U.S. MNC employment, capital expenditures, and
sales, the April news release included estimates of
2006-2007 growth rates. The revisions to the levels of
the 2006 and 2007 estimates discussed above resulted
in revisions to the growth rates; employment growth
was revised down 0.4 percentage point, capital expen
ditures growth was revised up 0.5 percentage point,
and sales growth was revised up 0.6 percentage point.
1. See Raymond J. Mataloni Jr., “U.S. Multinational Companies:
Operations in 2006,” Survey 88 (November 2008): 26-47.
6 4
U .S .
M u ltin a tio n a l
Worldwide employment by U.S. M N C s increased
2.5 percent in 2007. Employment by U.S. parents in
creased 1.8 percent, and employment by foreign affili
ates increased 4.2 percent. Worldwide capital
expenditures by U.S. M N C s increased 8.5 percent. Ex
penditures by parents increased 8.4 percent, and ex
penditures by foreign affiliates increased 9.0 percent.
The value added of U.S. M N C s expanded in 2007 at
a slower rate, compared with worldwide G D P growth:
value-added growth of their U.S. operations (2.0 per
cent) trailed current-dollar U.S. G D P growth (4.8 per
cent), and value-added growth of their foreign
operations (11.6 percent) trailed worldwide currentdollar G D P growth excluding the United States (14.6
percent).2
C o m p a n ie s
A u g u s t
2 0 0 9
Increases in M N C value added were widespread by
industry and geographic area. By industry, the sharpest
increases were in “other industries” (mainly retail
trade) and in finance (except banks) and insurance.3
The largest dollar increases were in manufacturing and
in “other industries” (mainly retail trade). By geo
graphic area, the sharpest increases were in the Middle
East and Latin America and Other Western H e m i
sphere, mainly in Brazil (chart 1). The largest dollar in
creases were in the United States and in Europe.
The following are additional highlights of M N C o p
erations in 2007:
• The operations of U.S. M N C s remained concen
trated in the United States: U.S. parents accounted
for roughly 70 percent, and foreign affiliates for
roughly 30 percent, of their combined value added
2. Estimates of worldwide GDP excluding the United States are at current
prices in U.S. dollars and were obtained from the Economic Statistics sec
tion of the United Nations Statistics Division Web site at unstats.un.org/
3. Throughout this article, “finance (except banks) and insurance” refers
unsd/economic_main.htm; click on “National Accounts Main Aggregates
to “finance (except depository institutions) and insurance,” which is the
Database,” and then click on “Basic Data Selection.”
industry title that appears in the tables.
T a b le 1. S e le c te d S ta tis tic s f o r N o n b a n k U .S. M u ltin a tio n a l C o m p a n ie s , U .S. P a re n ts , a n d F o r e ig n A ff ilia t e s , 1 9 8 2 -2 0 0 7
U.S. MNCs
Parents
and all
affiliates
Affiliates
Parents
and
MOFAs
U.S. MNCs
Parents
Total
Value added
Millions of dollars
1982........................................
1983........................................
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993........................................
1994........................................
1995
1996
1997
1998
1999'......................................
2000
2001
2002.......................................
2003
2004
2005
2006r......................................
2007»......................................
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,019,734
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,364,878
n.a.
n.a.
n.a.
n.a.
1,717,488
1,831,046
1,978,948
2,094,318
2,100,773
2,480,739
2,748,106
2,478,056
2,460,411
2,655,903
2,991,723
3,232,582
3,538,079
3,706,396
796,017
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,044,884
n.a.
n.a.
n.a.
n.a.
1,313,792
1,365,470
1,480,638
1,573,451
1,594,504
1,914,343
2,141,480
1,892,399
1,858,805
1,958,125
2,173,467
2,321,092
2,536,873
2,588,811
Percent change at annual rates:
1999-2006...........................
2006-2007...........................
n.a.
n.a.
5.2
4.8
Number of employees
Thousands
1982.......................................
1983........................................
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994.......................................
25,344.8
24,782.6
24,548.4
24,531.9
24,082.0
24,255.4
24,141.1
25,387.5
25,263.6
24,837.1
24,189.7
24,221.5
25,670.0
23,727.0
23,253.1
22,972.6
22,923.0
22,543.1
22,650.0
22,498.1
23,879.4
23,785.7
23,345.4
22,812.0
22,760.2
24,272.5
MOFAs
Parents
and all
affiliates
Parents
and
MOFAs
Parents
25,921.1
26,334.0
27,851.0
28,003.6
32,227.0
33,598.2
32,538.7
31,893.6
30,762.3
31,244.9
32,093.7
32,765.7
33,740.6
24,499.7
24,867.0
26,358.0
26,592.9
30,772.6
32,056.6
30,929.2
30,373.2
29,347.0
29,843.2
30,573.3
31,233.2
32,019.7
18,576.2
18,790.0
19,878.0
19,819.8
23,006.8
23,885.2
22,735.1
22,117.6
21,104.8
21,176.5
21,472.0
21,615.8
22,003.1
0.2
3.0
0.2
2.5
-0.9
1.8
Capital expenditures
Millions of dollars
1982........................................
1983........................................
1984........................................
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997........................................
1998........................................
19991.......................................
2000........................................
2001........................................
2002........................................
2003........................................
2004........................................
2005........................................
2006 r......................................
2007 p.....................................
248,262
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
276,790
n.a.
n.a.
n.a.
n.a.
328,240
n.a.
n.a.
n.a.
n.a.
550,205
n.a.
n.a.
n.a.
n.a.
486,548
n.a.
n.a.
n.a.
233,078
197,534
203,791
221,509
203,809
199,171
223,814
260,488
274,614
269,221
272,049
271,661
303,364
323,616
340,510
398,037
411,155
519,199
548,212
560,779
477,709
444,339
462,898
507,322
600,373
651,566
Percent change at annual rates:
1999-2006............................
2006-2007............................
n.a.
n.a.
2.1
8.5
Other
n.a. 223,717
n.a. 216,683
n.a. 220,331
n.a. 220,074
n.a. 231,644
n.a. 269,734
n.a. 297,556
n.a. 319,994
n.a. 356,033
n.a. 355,963
n.a. 361,524
n.a. 359,179
n.a. 403,696
n.a. 465,576
n.a. 498,310
n.a. 520,867
n.a. 506,269
n.a. 566,396
n.a. 606,626
n.a. 585,657
n.a. 601,606
n.a. 697,778
n.a. 818,256
n.a. 911,490
n.a. 1,001,206
n.a. 1,117,585
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4.1
2.0
n.a.
n.a.
8.5
11.6
n.a.
n.a.
18,704.6
18,399.5
18,130.9
18,112.6
17,831.8
17,985.8
17,737.6
18,765.4
18,429.7
17,958.9
17,529.6
17,536.9
18,565.4
6,640.2
6,383.1
6,417.5
6,419.3
6,250.2
6,269.6
6,403.5
6,622.1
6,833.9
6,878.2
6,660.1
6,684.6
7,104.6
5,022.4
4,853.6
4,841.7
4,810.4
4,711.3
4,664.2
4,760.5
5,114.0
5,356.0
5,386.5
5,282.4
5,223.3
5,707.1
1,617.8
1,529.5
1,575.8
1,608.9
1,538.9
1,605.4
1,643.0
1,508.1
1,477.9
1,491.7
1,377.7
1,461.3
1,397.5
1995........................................
1996
1997
1998
19991......................................
2000
2001
2002
2003
2004
2005
2006
2007 p......................................
Percent change at annual rates:
1999-2006............................
2006-2007............................
p Preliminary
121 of the December 2002
S urvey of C urrent B usiness .
r Revised
MNCs Multinational companies
1. Break in series. Beginning with 1999, BEA expanded its estimates to include data for “very small” foreign
MOFAs Majority-owned foreign affiliates
affiliates and for parents that had only “very small” foreign affiliates. For details, see the technical note on page
n.a. Not available
Affiliates
Total
MOFAs
Other
7,344.9 5,923.5
7,544.0 6,077.0
7,973.0 6,480.0
8,183.8 6,773.1
9,220.2 7,765.8
9,713.0 8,171.4
9,803.6 8,194.1
9,776.0 8,255.6
9,657.5 8,242.2
10,068.4 8,666.7
10,621.7 9,101.3
11,149.9 9,617.4
11,737.5 10,016.6
1,421.4
1,467.0
1,493.0
1,410.7
1,454.4
1,541.6
1,609.5
1,520.4
1,415.3
1,401.7
1,520.4
1,532.5
1,720.9
3.1
4.2
0.8
12.3
188,266 59,996 44,812
160,656
36,878
n.a.
168,692
n.a.
35,099
185,027
36,482
n.a.
169,131
n.a.
34,678
162,139
n.a. 37,032
177,203
n.a. 46,611
201,808 74,982 58,680
213,079
n.a.
61,535
206,290
62,931
n.a.
208,834
n.a.
63,215
207,437
64,224
n.a.
231,917 96,323 71,447
248,017
75,599
n.a.
80,462
260,048
n.a.
309,247
n.a.
88,790
317,184
n.a.
93,971
405,895 144,310 113,304
437,575
n.a. 110,637
450,021
n.a. 110,758
367,434
n.a. 110,275
334,751
n.a. 109,588
339,419 147,129 123,479
377,182
n.a. 130,140
445,295
n.a. 155,078
482,492
n.a. 169,074
15,184
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16,302
n.a.
n.a.
n.a.
n.a.
24,876
n.a.
n.a.
n.a.
n.a.
31,006
n.a.
n.a.
n.a.
n.a.
23,650
n.a.
n.a.
n.a.
1.3
8.4
2.8
5.3
n.a.
n.a.
4.6
9.0
n.a.
n.a.
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
u s in e s s
6 5
Chart 1. Value Added and Change in Value Added of MNCs by Country in 2007
V a lu e A d d e d
P e r c e n t C h a n g e in V a lu e A d d e d
Note. The percent change is undefined because value added changes sign between 2006 and 2007, value added was zero in 2006 or 2007, or value added was less than $100 million in 2006 or 2007—for these
countries, small dollar changes may produce large percent changes.
U.S. Bureau of Economic Analysis
6 6
U .S .
M u lt in a tio n a l
of $3,706.4 billion, capital expenditures of $651.6
billion, and employment of 32.0 million. However,
the parent shares of value added and employment
had declined about 10 percentage points over the
preceding two decades.
• Most foreign affiliates continued to be located in
high-income countries. In 2007, affiliates in these
countries accounted for over three-fourths of the
value added by all affiliates and for nearly twothirds of the value added by affiliates that were
newly acquired or established. However, the highincome-country share of value added by all affiliates
in 2007 had declined about 6 percentage points over
the preceding two decades. The fall in the highincome country share reflected rapid growth in
value added by affiliates in several middle-income
countries, such as Brazil, China, Mexico, and
Poland.
• U.S. M N C s continued to account for a large share of
the U.S. trade in goods in 2007. Trade associated
with U.S. parents or their foreign affiliates
accounted for nearly half, or $558.6 billion, of total
U.S. exports of goods and for over a third, or $728.4
C o m p a n ie s
A u g u s t
2 0 0 9
billion, of total U.S. imports of goods.
• U.S. M N C s ’ expenditures for research and develop
ment (R &D ) totaled $235.4 billion in 2007. U.S.
parents accounted for over 80 percent of the total;
however, R & D expenditures by foreign affiliates
grew strongly in 2007, particularly in China.
A major improvement that starts with the 2007 sur
vey is the annual collection of data for U.S. parents that
are banks, for their bank and nonbank foreign affili
ates, and for bank affiliates of nonbank U.S. parents.
Previously, data for these parents and affiliates were
collected only in benchmark surveys, which are gener
ally conducted every 5 years. The inclusion of these
parents and affiliates closed a significant gap that had
existed in the industry coverage of the annual surveys
(see the box “N e w Data on U.S. Bank Multinational
Companies”) Most of the following discussion, h o w
.
ever, addresses only the operations of nonbank U.S.
M N C s , because the focus is on the 2007 change, and
bank data are not available for 2006.
The remainder of this article examines worldwide
operations of U.S. M N C s , operations of U.S. parents,
and operations of their foreign affiliates.
New Data on U.S. Bank Multinational Companies
The 2007 annual survey of U.S. direct investment abroad i the
s
value added of $32.4 billion (see table A).
f rst annual survey to collect data for U.S. parents and foreign
i
• Value added by U.S. parents in banking accounted for
affiliates in depository credit intermediation (banking). The
roughly a quarter of total U.S. value added in banking— a
inclusion of these parents and affiliates closed a significant gap
share that i similar to the overall parent share of private U.S.
s
that had existed in the industry coverage of the annual surveys.
gross domestic product.
Starting with the 2007 survey, the data items for bank affiliates
• The foreign banking activities of U.S. M N C s were concen
collected on the annual surveys are reported on a special form
trated in a small number of countries. Affiliates in a single
and include balance sheets and income statements as well as
country— the United Kingdom— accounted for 49.0 percent
information on the destination of sales, employment, interest
of the assets, 16.7 percent of the employment, and 8.5 per
income and interest expense, and the information needed to
cent of the value added of a l affiliates in banking. W h e n
l
compute value added.1 The data for U.S. bank parents are col
combined with the operations of banking affiliates in six
lected on the same form as those for U.S. parents in other
other countries— the Netherlands, Switzerland, Bermuda,
the “United Kingdom Islands Caribbean,” Hong Kong, and
industries, and parents in a l industries are required to report at
l
Singapore— the group accounted for 68.2 percent of the
the same level of detail. This new annual survey coverage for
bank affiliates and bank parents represents an expansion in the
assets, 23.4 percent of the employment, and 39.4 percent of
detail available on the operations of bank M N C s to a level
the value added of a l affiliates in banking.
l
greater than that provided by previous benchmark surveys of
U.S. direct investment abroad.
T a b le A . S e le c te d S ta tis tic s fo r
Highlights of the 2007 data on bank M N C s include the
U .S . M u ltin a tio n a l C o m p a n ie s in B a n k in g , 2 0 0 7
following:
[Millions of dollars or thousands of employees]
• U.S. parents in banking employed 1.3 million workers and
Assets
Sales
Employment Value added
had value added of $122.5 billion; majority-owned foreign
1,334.4
U.S. parents.....................................................
8,628,285
632,414
122,548
affiliates in banking employed 420,000 workers and had
Majority-owned foreign affiliates
1. The information on interest income and interest expense will be used to
estimate services supplied through bank affiliates without explicit charge. For
details, see Maria Borga, “Improved Measures of U.S. International Services:
The Cases of Insurance, Wholesale and Retail Trade, and Financial Services” in
International Trade in Services and Intangibles in the Era o f Globalization, ed.
Marshall Reinsdorf and Matthew J. Slaughter (Chicago: The University o f Chi
cago Press, 2009): 98-101. The estimates will be published in the article on U.S.
international services in the October Survey.
5,058,158
267,174
420.2
32,421
49.396
164,336
59,516
146,325
38,268
2.476.637
513,668
2.309
12,844
3,000
8.901
2.601
103.753
11,121
0.5
13.7
0.6
7.7
3.6
70.2
2.0
200
3,886
482
2,845
932
2,756
1,680
O f which:
Bermuda......................................................
Hong Kong...................................................
Netherlands.................................................
Singapore....................................................
Switzerland..................................................
United Kingdom............................................
United Kingdom Islands, Caribbean................
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
Worldwide Operations of U.S. MNCs
This section examines the 2007 worldwide operations
of U.S. M N C s in all industries as well as the 2007
change in three aspects of the worldwide operations of
nonbank U.S. M N C s : value added, employment, and
U.S. trade in goods. It also examines the distribution
of worldwide R & D between U.S. parents and foreign
affiliates.
U.S. MNCs in all industries
The value added of U.S. M N C s in all bank and n o n
bank industries was $3,861.4 billion, compared with
$3,706.4 billion for nonbank M N C s , and employment
for all U.S. M N C s was 33.8 million workers, compared
with 32.0 million workers for nonbank M N C s .
Nonbank U.S. MNCs
Value added
In current dollars, the value added of nonbank U.S.
M N C s increased 4.8 percent in 2007 to $3,706.4 billion
(table 2). The value added of U.S. parents increased 2.0
percent to $2,588.8 billion. A n d the value added of for
eign affiliates in U.S. dollars increased 11.6 percent to
$1,117.6 billion.
T a b le 2. V a lu e A d d e d o f N o n b a n k U .S. M u ltin a tio n a l C o m p a n ie s b y
B
u s in e s s
6 7
and the 6.9 percent depreciation of the dollar against
major foreign currencies.4 The increase for foreign af
filiates was concentrated in nonmanufacturing indus
tries. Estimates presented later in this article indicate
that the real value added of foreign affiliates in m a n u
facturing decreased 1.5 percent in 2007.
Employment
In 2007, employment by nonbank U.S. M N C s in
creased 2.5 percent to 32.0 million workers. The e m
ployment by U.S. parents increased 1.8 percent to 22.0
million; the largest increases were in “other industries,”
information, and “professional, scientific, and techni
cal services” The increases in “other industries”
(mainly retail trade, miscellaneous services, and ac
commodation and food services) fully accounted for
the growth in employment by U.S. parents. The 1.8
percent growth in parent employment, which mainly
reflected growth by companies that were parents in
4. The rate of inflation in 12 major euro area countries and in 15 other
major host countries averaged 1.9 percent in 2007. Together, these coun
tries accounted for 78 percent of total value added of foreign affiliates in
2007. The average inflation rate (weighted by foreign affiliate value added)
in these countries was derived from data on GDP implicit price deflators
from the World Bank Web site. The weighted average U.S.-dollar price of
the currencies of these countries in foreign exchange markets increased 6.9
percent in 2007.
In d u s tr y o f P a re n t, 2 0 0 6 a n d 2 0 0 7
[Millions of dollars]
2006
2007
All industries..................................................... 3,538,079 3,706,396
Mining.....................................................................
103,929
95,295
Utilities....................................................................
85,245
90,058
Manufacturing.......................................................... 1,721,692 1,800,208
Change
Percent
change
168,317
-8,634
4,813
78,516
4.8
-8.3
5.6
4.6
13,910
8,462
16,743
-3,513
7,258
13,455
4,126
26,947
7,565
16,874
17,054
11,195
40,932
13.9
2.3
5.6
-4.6
8.6
7.8
10.8
9.7
43
4.7
6.4
5.5
6.6
O f which:
Food................................................................
Petroleum and coal products..............................
Chemicals........................................................
Primary and fabricated metals............................
Machinery........................................................
Computers and electronic products.....................
Electrical equipment, appliances, and components
Transportation equipment...................................
Information...............................................................
Finance (except depository institutions) and insurance
Professional, scientific, and technical services.............
100,123
362,298
297,118
76,650
84,705
172,328
114,033
370,760
313,861
73,137
91,963
185,783
38,105
42,231
278,662
176,006
357,961
267,287
203,947
622,013
305,609
183,571
374,835
284,341
215,142
662,945
The available evidence on changes in prices and ex
change rates suggests that in real terms, the value
added of U.S. parents decreased, and the value added
of foreign affiliates increased. For U.S. parents, the 2.0
percent increase in current-dollar value added did not
keep pace with the 2.7 percent rate of inflation (as
measured by the implicit price deflator for U.S. GDP).
For foreign affiliates, the 11.6 percent increase in value
added exceeded the increase in current-dollar values
that could be attributed to the combined effects of the
1.9 percent average rate of inflation in host countries
Data Availability
The final statistics on the worldwide operations of
U.S. multinational companies (MNCs) for 2006 and
the preliminary statistics for 2007 are presented in this
article. The statistics are based on the 2006 and 2007
annual surveys of U.S. direct investment abroad. More
detailed statistics are posted on BEA’ W e b s t .
s
ie
The final statistics on U.S. M N C operations for
1977 and for 1982-2005 are available in publications
or in f l s that can be downloaded free of charge from
ie
our W e b site at www.bea.gov.
For more information about these products and
how to obtain them, go to www.bea.gov/scb/
account_articles/international/iidguide.htm.
The Bureau has a free service on i s We b site that
t
allows users to interactively access detailed statistics
on the operations of U.S. MNCs, on the operations of
foreign-owned companies in the United States, and on
other aspects of U.S. direct investment abroad and
foreign direct investment in the United States. For an
introductory guide to this service, see Ned G. Howenstine, “Primer: Accessing B E A Direct Investment Data
Interactively,” S urvey 86 (May 2006): 61-64.
6 8
U .S .
M u lt in a tio n a l
both 2006 and 2007, was greater than the 1.0 percent
growth in employment in all U.S. domestic private in
dustries.
Employment by foreign affiliates increased 4.2 per
cent to 10.0 million. By area, the largest increases were
in Asia and Pacific and Latin America and Other West
ern Hemisphere. By industry, the largest increases were
in “other industries” (mainly employment services and
retail trade), “professional, scientific, and technical ser
vices,” and manufacturing.
U.S. trade in goods
In 2007, U.S. exports of goods that involved nonbank
U.S. parents or their majority-owned or minorityo w ne d nonbank foreign affiliates— MNC-associated
exports— increased 4.9 percent to $558.6 billion (table
3). This increase was noticeably less than that for exT a b le 3. U .S . T ra d e in G o o d s A s s o c ia te d w ith
N o n b a n k U .S. M u lt in a tio n a l C o m p a n ie s , 2 0 0 6 a n d 2 0 0 7
[Millions of dollars]
2006
2007
MNC-associated U.S. exports, total........................................................
532,576 558,624
200,237 214,470
Intra-MNC trade...................................................................................
Shipped by U.S. parents to their MOFAs.............................................
191,317 205,839
8,920
8,631
Shipped by U.S. parents to their other foreign affiliates1.......................
MNC trade with others.........................................................................
332,339 344,154
294,410 300,964
Shipped by U.S. parents to foreigners other than their own affiliates......
Of which:
Shipped by U.S. parents to their foreign parent groups2................
41,871
42,335
37,929
Shipped to foreign affiliates by U.S. persons other than their own parents
43,190
To MOFAs....................................................................................
37,929
41,803
To other foreign affiliates3....
n.a.
1,387'
MNC-associated U.S. imports, total
694,518 728,412
Intra-MNC trade.......................
249,608 272,041
Shipped by MOFAs to their U.S. parents.............................................
237,583 259,561
Shipped by other foreign affiliates to their U.S. parents1.......................
12,025
12,480
MNC trade with others..........................................................................
444,910 456,371
Shipped to U.S. parents by foreigners other than their own affiliates......
387,352 396,478
Of which:
Shipped to U.S. parents by their foreign parent groups2................
106,103
94,447
Shipped by foreign affiliates to U.S. persons other than their own parents
57,558
59,893
By MOFAs....................................................................................
52,844
48,048
By other foreign affiliates3..............................................................
9,510
7,049
Addenda:
All U.S. exports of goods.......................................................................... 1,025,967 1,148,199
52
49
U.S.-MNC-associated U.S. exports as a percentage of total......................
Intra-U.S.-MNC exports as a percentage of total......................................
20
19
All U.S. imports of goods.......................................................................... 1,853,938 1,956,962
U.S.-MNC-associated U.S. imports as a percentage of total.....................
37
37
Intra-U.S.-MNC imports as a percentage of total......................................
13
14
1. This number is calculated as total exports (imports) between U.S. parents and all of their foreign affiliates
(as reported for U.S. parents) less exports (imports) between U.S. parents and MOFAs (as reported foi
MOFAs).
2. Pertains to U.S. parents that are, in turn, owned 10 percent or more by a foreign person. The foreigr
parent group consists of (1) the foreign parent of the U.S. parent, (2) any foreign person, proceeding up the
foreign parent’s ownership chain, that owns more than 50 percent of the person below it, and (3) any foreigr
person, proceeding down the ownership chain(s) of each of these members, that is owned more than 5
C
percent by the person above it.
3. This number is calculated as total exports (imports) associated with “other'’ (that is, minority-owned anc
50-percent owned) foreign affiliates (as reported for affiliates) less the estimate of exports (imports) betweer
U.S. parents and “other” foreign affiliates that are calculated as described in footnote 1. However, these esti
mates may be imprecise because of differences in the coverage of the data reported for U.S. parents and for
foreign affiliates. No estimate of exports can be made for 2006 because the difference was especially larqe in
that year.
MNCs Multinational companies
MOFAs Majority-owned foreign affiliates
n.a. Not available
C o m p a n ie s
A u g u s t
2 0 0 9
ports of goods by all U.S. businesses (11.9 percent); as
a result, the MNC-associated share of total U.S. ex
ports of goods decreased, falling to 48.7 percent in
2007. The MNC-associated share of total U.S. exports
of goods has been declining in recent years, falling 15
percentage points over the last decade.
MNC-associated imports of goods increased 4.9
percent to $728.4 billion in 2007. The increase nearly
kept pace with the increase in total U.S. imports of
goods (5.6 percent). As a result, the MNC-associated
share of total U.S. imports of goods remained relatively
unchanged, at 37.2 percent, in 2007. Over the last de
cade, the MNC-associated share of total U.S. imports
of goods has decreased slightly, falling 3 percentage
points.
The increase in MNC-associated exports of goods in
2007 reflected increases in both trade between U.S.
parents and their foreign affiliates (intra-MNC trade)
and trade between U.S. M N C s and “others” (trade be
tween U.S. parent companies and foreigners other than
their o w n affiliates and trade between foreign affiliates
and U.S. residents other than their o w n parents). Ex
ports by U.S. parents to their foreign affiliates in
creased 7.1 percent to $214.5 billion (chart 2), and U.S.
exports between U.S. M N C s and others increased 3.6
percent to $344.2 billion. By industry of foreign affili
ate, the largest increase in intra-MNC exports was to
affiliates in wholesale trade, specifically drugs and
druggists’ sundries. By industry of U.S. parent, the
largest increases in exports between U.S. M N C s and
others were by parents in food, chemical, and petro
leum and coal products manufacturing.
The increase in MNC-associated imports of goods
reflected increases in both imports shipped by foreign
affiliates to their U.S. parents (intra-MNC trade) and
U.S. M N C trade with others. Imports by U.S. parents
from their foreign affiliates increased 9.0 percent to
$272.0 billion, and U.S. imports between U.S. M N C s
and others increased 2.6 percent to $456.4 billion. By
industry of foreign affiliate, the largest increases in in
t r a - M N C U.S. imports were shipped by affiliates in
computers and electronic products manufacturing and
wholesale trade, specifically petroleum and petroleum
products. By industry of U.S. parent, the largest in
crease in imports between U.S. M N C s and others was
to parents in retail trade and petroleum and coal prod
ucts manufacturing.
A u g u s t
2 0 0 9
R e s e a rc h
a n d
S
u r v e y
o f
C
u r r e n t
d e v e lo p m e n t
Expenditures for R & D performed by nonbank U.S.
M N C s increased 10.0 percent to $235.4 billion in 2007
(table 4). U.S. parents accounted for $200.4 billion, or
T a b le 4. R e s e a rc h a n d D e v e lo p m e n t P e rfo rm e d b y N o n b a n k U .S.
M u ltin a tio n a l C o m p a n ie s b y In d u s tr y o f U .S. P a re n t, 2 0 0 7
[Millions of dollars or percent]
U.S.
MNCs
All industries.........................................................
Mining.........................................................................
Utilities.........................................................................
Parents
235,416 200,397
637
(D)
27
24
185,402 157,231
MOFAs
MOFA
share
35,019
(D)
3
28,171
14.9
(D)
11.1
15.2
517
8,263
352
1,270
5,474
557
9,755
1,371
1,557
(D)
3,785
84
21.8
14.1
25.7
16.6
12.1
16.0
18.2
19.4
7.6
(D)
19.3
4.1
O f which:
Food.....................................................................
Chemicals.............................................................
Primary and fabricated metals.................................
Machinery.............................................................
Computers and electronic products..........................
Electrical equipment, appliances, and components...
Wholesale trade............................................................
Information...................................................................
Finance (except depository institutions) and insurance......
Professional, scientific, and technical services..................
2,369
58,712
1,368
7,630
45,326
3,482
53,453
7,057
20,354
(D)
19,595
2,059
1,852
50,449
1,016
6,360
39,852
2,925
43,698
5,686
18,797
237
15,810
1,975
D Suppressed to avoid disclosure of data of individual companies.
MNCs Multinational companies
MOFAs Majority-owned foreign affiliates
85.1 percent of the worldwide total, and foreign affili
ates accounted for $35.0 billion, or 14.9 percent of the
worldwide total.
The concentration of the R & D activities of U.S.
M N C s in the United States reflects a number of factors.
First, the United States i relatively well endowed with
s
the scientific and technological infrastructure— insti
tutions, facilities, and personnel— needed to develop
n e w products and processes. Second, U.S. M N C s m a y
B
6 9
u s in e s s
wish to concentrate R & D activity where the bulk of
their output i sold and where they can most easily re
s
ceive and respond to feedback from their consumers.
Third, due to economies of scale in knowledge genera
tion, i m a y be more efficient for M N C s to concentrate
t
their global R & D activities in a single country and then
distribute the results of the R & D to affiliates, which
can often be done at l
ittle or no additional cost; as a lo
cation for doing this, the United States offers the ad
vantage of being the country of origin and the country
of headquarters for the M N C . Finally, U.S. M N C s m a y
conduct most of their R & D in their U.S. headquarters
to reduce the risk of diffusion of their proprietary tech
nologies to competitors.5
Although the tendency to concentrate global R & D
at h o m e is pervasive, the foreign-affiliate share of
M N C global R & D varies by industry. A m o n g the five
industries and industry sectors shown in table 4 in
which M N C global R & D exceeded $10 billion, the
foreign affiliate share was relatively low in informa
tion (7.6 percent) and computers and electronic prod
ucts (12.1 percent), and i was relatively high in
t
“professional, scientific, and technical services” (19.3
percent)
and
in
transportation
equipment
manufacturing (18.2 percent). The high foreign-affiliate share in transportation equipment partly reflects
5. For a more complete examination of the R&D activities of U.S. MNCs,
see Daniel R. Yorgason, “Research and Development Activities of U.S. Mul
tinational Companies: Preliminary Results From the 2004 Benchmark Sur
vey,” Survey of Current B usiness 87 (March 2007): 22-39.
Chart 2. Distribution of U.S. Trade in Goods Associated with Nonbank U.S. MNCs in 2007
M N C -A s s o c ia te d U .S . E x p o rts - $ 5 5 8 .6 b illio n
M N C -A s s o c ia te d U.S. Im p o rts - $ 7 2 8 .4 b illio n
Goods shipped by foreign
Goods shipped to foreign
affiliates to U.S. persons
affiliates by U.S. persons
y
^ $ 3 3 1 . 9 billion
$257.7 billion
Goods shipped by U.S.
parents to foreigners
$515.5 billion
I
I
I Trade involving U.S. parents but not foreign affiliates
Trade involving foreign affiliates but not U.S. parents
I Trade involving both U.S. parents and foreign affiliates
U.S. Bureau of Economic Analysis
Goods shipped to U . S r
parents by foreigners
$668.5 billion
I
| Trade involving U.S. parents but not foreign affiliates
[ M M Trade involving foreign affiliates but not U.S. parents
I
I Trade involving both U.S. parents and foreign affiliates
7 0
U .S .
M u lt in a tio n a l
the competitive advantage that certain countries, such
as Germany, possess in automotive technology. A
source of this competitive advantage is presence of in
dustrial agglomeration (or clustering) in places such as
Stuttgart and Bavaria in G e rm an y and the West M i d
lands in the United Kingdom. Innovation can be
heightened w h e n competing firms operate in geo
graphic clusters that attract pools of highly skilled la
bor and that increase rivalry a m o n g firms.6 The high
foreign-affiliate share in transportation equipment
also reflects the need to customize automobiles for the
tastes of local consumers and to comply with local laws
and regulations. The low foreign-affiliate share in in
formation partly reflects the dominance of the United
States in the global software industry and possibly the
difficulties in protecting intellectual property in this
industry.
U.S. Parents’ Operations
This section examines the 2007 operations of U.S. par
ents in all industries as well as the 2007 change in two
aspects of the operations of nonbank U.S. parent c o m
panies: value added and R & D .
C o m p a n ie s
A u g u s t
2 0 0 9
increased 2.0 percent in 2007 to $2,588.8 billion after
increasing at the m u c h faster rate of 9.3 percent in
2006. Almost 60 percent of the 2007 increase reflected
increased production by ongoing parents (table 5, line
4). There was also an increase related to unallocated
changes (line 6), and a small increase related to the ad
dition of n e w parents to the U.S. M N C universe (line
3). These increases were partly offset by a small de
crease related to the departure of U.S. parents that sold
or liquidated their last foreign affiliate (line 5).
T a b le 5. S o u rc e s o f C h a n g e in th e V a lu e A d d e d o f N o n b a n k U .S.
P a re n t C o m p a n ie s , 2 0 0 6 -2 0 0 7
[Millions of dollars]
1 2006 level................................
2,536,873
2 Total change....................................
3
New parents1 ..............................
4
Changes for ongoing parents2..
5
Parents departing the universe3
6
Other changes4..........................
51,938
383
30,813
-4,132
24,874
7 2007 level................................
2,588,811
1. Parents that established or acquired their first foreign affiliate in 2007.
2. Businesses that were parents in both 2006 and 2007. It consists of changes in their existing operations
and changes from parents acquiring, establishing, selling, or liquidating parts of their consolidated operations.
BEA generally requires survey respondents to fully consolidate their U.S.-parent operations.
3. Parents that sold or liquidated their last foreign affiliate and those that went out of business in 2007.
4. Equals the change in the value added of parents not accounted for in lines 3-5, such as changes resulting
from the addition to the survey universe of parents that were required to report in earlier years but did not. Line
6 will also capture any measurement error in the items on the other lines, because it is calculated as the differ
ence between line 2 and the sum of lines 3, 4, and 5.
U.S. parents in all industries
The value added of U.S. parents in all industries was
$2,711.2 billion, compared with $2,588.8 billion for
nonbank parents, and employment for all U.S. parents
was 23.3 million workers, compared with 22.0 million
workers for nonbank parents.
Nonbank U.S. parents
Value added
Current-dollar value added of nonbank U.S. parents
6.
See Michael E. Porter, The Competitive Advantage o f Nations (New
York, NY: Free Press, 1990).
Acknowledgments
The 2007 annual survey was conducted under the
direction of David H. Galler, Patricia C. Walker, and
Barbara K. Hubbard. James Y. Shin supervised the
editing and processing of the reports. The following
staff contributed to the processing and editing of the
survey or to the related computer programming:
Catherine E. Ama, Helen Bai, Gregory L. Brace, Chris
tina D. Briseno, Tonia Courtney, James J Crim, Ian P
.
.
Dusenberry, Andre Garber, Brian C. Goddard, Mark
D. Goddard, David L. Grayton, Carole J Henry, Jenni
.
fer A. Jones, Sarin Koerner, Sherry Lee, Neeta Kapoor,
Marcia S. Miller, Amanda M. Petersen, Kevin J
.
Reagan, Robert L. Ruiz, Myriam B. Rullan, Aqeel A.
Sahibzada, Gary E. Sowers, Nancy F Steffen, Christo
.
pher J Stein, and Stacy A. Young.
.
In 2007, growth in U.S. parents’value added slowed
in several of the major industry groups, with the most
noticeable slowdown being in finance (except banks)
and insurance. This slowdown partly reflected the fi
nancial crisis stemming from difficulties in the U.S.
subprime mortgage market in the second half of 2007,
which led to deteriorating credit quality and tight in
terest margins that slowed growth in consumer credit.
Value added by parents in “other industries” in
creased 4.0 percent or $20.9 billion in 2007 (table 6).
The increase partly reflected an increase by parents in
retail trade, largely due to a strong increase in sales by
discount department stores.
T a b le 6. V a lu e A d d e d o f N o n b a n k U .S . P a re n t C o m p a n ie s ,
b y M a jo r In d u s tr y , 2 0 0 6 a n d 2 0 0 7
[Millions of dollars]
Percent
change
2006
All industries................................................................
Mining...................................................................................
Utilities..................................................................................
Manufacturing......................................................................
2007
2,536,873
69,046
76,832
1,054,035
2,588,811
62,293
83,883
1,064,666
51,938
-6,753
7,051
10,631
2.0
-9.8
9.2
1.0
66,895
185,338
59,364
55,833
111,623
28,084
192,575
136,825
307,525
226,903
146,091
519,617
75,080
180,227
52,851
60,136
118,353
29,843
204,360
137,904
316,760
229,235
153,575
540,493
8,185
-5,111
-6,513
4,303
6,730
1,759
11,785
1,079
9,235
2,332
7,484
20 876
12.2
-2 .8
-11.0
7.7
6.0
6.3
6.1
0.8
3.0
1.0
5.1
40
Change
O f w h ic h :
Food..............................................................................
Chemicals....................................................................
Primary and fabricated metals..................................
Machinery....................................................................
Computers and electronic products.........................
Electrical equipment, appliances, and components
Transportation equipment..........................................
Wholesale trade...................................................................
Information............................................................................
Finance (except depository institutions) and insurance
Professional, scientific, and technical services...............
Other industries...................................................................
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
71
u s in e s s
Value added by parents in manufacturing increased try composition, with a high concentration of R & D
1.0 percent or $10.6 billion in 2007 and accounted for being performed in the manufacturing and informa
the largest share (41.1 percent) of value added. The tion sectors.
Expenditures for R & D performed by U.S. parents in
overall increase in manufacturing was primarily due to
strong growth by parents in transportation equipment, manufacturing increased 7.4 percent to $157.2 billion
food, computers and electronic products, machinery, (table 8). Both chemicals and transportation equip
and “electrical equipment, appliances, and c o m p o ment experienced large upturns in 2007. Chemicals in
nents.” In transportation equipment, value added in creased 12.5 percent and accounted for almost a third
creased 6.1 percent or $11.8 billion, primarily of expenditures for R & D performed by U.S. parents in
reflecting aerospace-related spending. In food, value manufacturing. Within chemicals, R & D spending ex
added increased 12.2 percent or $8.2 billion, partly re panded as a result of an increase in research for n e w
flecting strong revenues in both the meat and dairy drugs, a renewed focus on vaccine development, and
products industries. In computers and electronic prod preparatory moves for the more stringent regulation
ucts, value added increased 6.0 percent or $6.7 billion, and safety standards required by the Food and Drug
reflecting strong sales in the “navigational, measuring, Administration A m e n d m e n t s Act of 2007. Transporta
and other instruments,” “computers and peripheral tion equipment increased 12.6 percent and accounted
equipment,” and “semiconductors and other electronic for more than a quarter of expenditures for R & D per
components” industries. In machinery, value added formed by U.S. parents in manufacturing. Within
increased 7.7 percent or $4.3 billion as a result of transportation equipment, most of the increase was in
growth in both “agriculture, construction, and mining “other transportation equipment” and reflected an in
machinery” and industrial machinery and strong glo crease in aerospace-related spending.
Expenditures for R & D performed by U.S. parents in
bal markets for mining and energy development. In
“electrical equipment, appliances, and components,” information grew rapidly, increasing 24.9 percent to
value added increased 6.3 percent or $1.8 billion as a $18.8 billion in 2007. Most of the growth was due to
result of strong sales to foreign markets.
T a b le 7. R e s e a rc h a n d D e v e lo p m e n t P e rfo rm e d b y N o n b a n k U .S.
Value added by parents in information increased 3.0
P a re n t C o m p a n ie s a n d b y A ll U .S . B u s in e s s e s , 1 9 9 7 -2 0 0 7
percent or $9.2 billion. The increase reflected strong
[Millions of dollars]
growth by parents in “internet, data processing, and
R&D by parents
other information services,” which benefitted from in
Performed Performed by all as a percentage of
by parents U.S. businesses1 R&D by all U.S.
creased d e m a n d for online advertising.
businesses
Value added by parents in “professional, scientific, 1997.............................................................
157,739
67.7
106,800
113,777
169,180
67.3
1998.............................................................
and technical services” increased 5.1 percent or $7.5 1999.............................................................
126,291
182,711
69.1
135,467
199,539
67.9
billion. The increase partly reflected increased spend 2000.............................................................
143,017
198,505
2001.............................................................
72.0
136,977
193,868
70.7
2002
ing by pharmaceuticals and biotechnology companies
200,724
139,884
69.7
2003
2004
208,301
78.8
164,189
and academic institutions for scientific services and
177,598
226,159
78.5
2005
184,428
247,669
74.5
rising sales of custom software and related support ser 2006
269,267
2007
200,397
74.4
vices to businesses.
1. The data were obtained from the National Science Foundation W site at www.nsf.gov/statistics/infbrief/
eb
Value added by parents in utilities experienced near nsf09316/.
double-digit growth in 2007, increasing 9.2 percent or
$7.1 billion. The increase reflected higher revenues
T a b le 8. R e s e a rc h a n d D e v e lo p m e n t P e rfo rm e d b y N o n b a n k U .S.
stemming from strong energy markets and increased
P a re n t C o m p a n ie s b y M a jo r In d u s tr y , 2 0 0 6 a n d 2 0 0 7
power generation, particularly in the West and South
[Millions of dollars]
east regions.
2006
Research and development
In 2007, expenditures for R & D performed by nonbank
U.S. parents increased 8.7 percent to $200.4 billion.
U.S. parents accounted for 74.4 percent of total R & D
performed by all U.S. businesses in 2007 (table 7). The
parent share of all U.S. R & D is m u c h higher than par
ents’shares of private industry value added, which was
24 percent, and of employment, which was 19 percent.
Taken together, these shares suggest that production by
U.S. parents is highly R & D intensive relative to indus
All industries.........................................................
Mining.........................................................................
Utilities.........................................................................
Manufacturing...............................................................
2007
184,428 200,397
637
538
24
28
146,435 157,231
Change
15,969
99
Percent
change
10,796
8.7
18.4
-14.3
7.4
113
5,617
-66
468
-272
177
4,889
258
3,750
-23
803
291
6.5
12.5
-6.1
7.9
-0.7
6.4
12.6
4.8
24.9
-8.8
5.4
17.3
-A
O f which:
Food.....................................................................
Chemicals.............................................................
Primary and fabricated metals.................................
Machinery.........................................................
Computers and electronic products..........................
Electrical equipment, appliances, and components....
Transportation equipment.......................................
Wholesale trade............................................................
Information...................................................................
Finance (except depository institutions) and insurance......
Professional, scientific, and technical services..................
Other industries............................................................
1,739
44,832
1,082
5,892
40,124
2,748
38,809
5,428
15,047
260
15,007
1,684
1,852
50,449
1,016
6,360
39,852
2,925
43,698
5,686
18,797
237
15,810
1,975
7 2
U .S .
M u lt in a tio n a l
increased R & D expenditures by parents in telecom
munications and in “internet, data processing, and
other information services.” This partly reflected the
highly competitive nature of these growing industries,
which has led to increased R & D spending by U.S. par
ents to help them to innovate and to deliver n e w prod
ucts and services.
C o m p a n ie s
A u g u s t
By area, the increases in value added of foreign affil
iates were widespread, but the largest increases were in
Europe, Asia and Pacific, and Latin America and Other
Western Hemisphere (table 10). In Europe, the value
T a b le 10. V a lu e A d d e d o f M a jo r ity - O w n e d N o n b a n k F o re ig n A ff ilia t e s
b y M a jo r A re a a n d b y M a jo r I n d u s tr y o f A ff ilia t e , 2 0 0 6 a n d 2 00 7
[Millions of dollars]
Operations of Foreign Affiliates
2006
This section examines the 2007 operations of foreign
affiliates in all industries as well as the 2007 change in
two aspects of the operations of nonbank foreign affili
ates of nonbank U.S. parents: value added and research
and development. For nonbank foreign affiliates of
nonbank U.S. parents, i also examines the distribution
t
by country and by industry of newly acquired or estab
lished affiliates and the affiliates’shares of host country
GDP.
Foreign affiliates in all industries
The value added of foreign affiliates in all industries
was $1,150.0 billion, compared with $1,117.6 billion
for nonbank foreign affiliates of nonbank U.S. parents,
and employment for all foreign affiliates was 10.4 mil
lion workers, compared with 10.0 million workers for
nonbank foreign affiliates of nonbank U.S. parents.
Nonbank foreign affiliates of nonbank U.S.
parents
Value Added
Current-dollar value added of nonbank foreign affili
ates of nonbank U.S. parents increased 11.6 percent to
$1,117.6 billion in 2007. The increase largely reflected
changes for ongoing affiliates (table 9, line 6); increases
related to the addition of n e w affiliates to the U.S.
M N C universe (line 3) or to unallocated changes (line
8) were not as large and were partly offset by a decrease
related to the departure of affiliates that were sold or
liquidated (line 7).
T a b le 9. S o u rc e s o f C h a n g e in V a lu e A d d e d o f N o n b a n k M a jo r ity O w n e d F o re ig n A ff ilia t e s , 2 0 0 6 -2 0 0 7
[Millions of dollars]
1 2006 level...............................................................................
2 Total change.....................
3 New foreign affiliates......
4
Acquired by U.S. parents...................................................
5
Established by U.S. parents...............................................
6 Changes for ongoing affiliates'..............................................
7 Sales or liquidations of foreign affiliates..................................
8 Other changes2...................................................................
9 2007 level........................
1,001,206
116,379
12,071
7,048
5,023
111,923
-20,631
13,016
1,117,585
1. Covers businesses that were affiliates in both 2006 and 2007. It consists of changes in their existing oper
ations and changes from foreign affiliates acquiring, establishing, selling, or liquidating parts of their consoli
dated operations. BEA permits survey respondents to consolidate affiliate operations that are in the same
country if the affiliates are also in the same industry or are integral parts of a single business operation.
2. Equals the change in the value added of foreign affiliates not accounted for in lines 3-7, such as changes
resulting from the addition to the survey universe of affiliates that were exempt from reporting in earlier years
and affiliates that were required to report in earlier years but did not. Line 8 will also capture any measurement
error in the items on the other lines, because it is calculated as the difference between line 2 and the sum of
lines 3, 6, and 7.
2 0 0 9
All areas, all industries.................................
2007
1,001,206 1,117,585
Change
Percent
change
116,379
11.6
By area
Canada....................................................................
Europe.....................................................................
108,051
546,313
116,180
610,921
8,129
64,608
7.5
11.8
50,136
82,932
28,973
154,997
107,121
56,196
86,649
29,515
172,310
123,544
6,060
3,717
542
17,313
16,423
12.1
4.5
1.9
11.2
15.3
24,346
28,273
42,332
13,176
184,213
33,090
31,327
43,269
16,036
207,635
8,744
3,054
937
2,860
23,422
35.9
10.8
2.2
21.7
12.7
37,821
18,489
38,328
44,088
22,429
38,954
6,267
3,940
626
16.6
21.3
1.6
140,985
11,788
455,675
152,285
11,145
509,962
11,300
-643
54,287
8.0
-5.5
11.9
28,519
86,816
18,581
28,180
48,008
12,505
62,539
139,494
40,565
34,671
57,154
120,874
30,403
107,519
21,192
32,404
50,473
13,085
71,208
151,964
45,079
51,656
61,383
134,111
1,884
20,703
2,611
4,224
2,465
580
8,669
12,470
4,514
16,985
4,229
13,237
6.6
23.8
14.1
15.0
5.1
4.6
13.9
8.9
11.1
49.0
7.4
11.0
O f which:
France...............................................................
Germany...........................................................
Netherlands.......................................................
United Kingdom.................................................
Latin America and Other Western Hemisphere.............
O f which:
Brazil.................................................................
Mexico.................
Africa...........................
Middle East..................
Asia and Pacific............
O f which:..................
Australia...............
China...................
Japan................................................................
By industry
Mining......................................................................
Utilities.....................................................................
Manufacturing...........................................................
O f which:
Food..................................................................
Chemicals.........................................................
Primary and fabricated metals.............................
Machinery.........................................................
Computers and electronic products......................
Electrical equipment, appliances, and components
Transportation equipment....................................
Wholesale trade.........................................................
Information................................................................
Finance (except depository institutions) and insurance....
Professional, scientific, and technical services..............
Other industries........................................................
added of affiliates increased $64.6 billion or 11.8 per
cent. The largest increases were in manufacturing and
in finance (except banks) and insurance. The increases
in manufacturing were widespread across countries,
but they were largest in the United Ki n g d o m and Swit
zerland. The increase in the United Ki n g d o m partly re
flected increased value added in the manufacture of
motor vehicles. The increase in Switzerland mainly re
flected increased value added in the manufacture of
goods (such as pharmaceuticals and semiconductors)
for export. The increase in finance was concentrated in
the United Kin gd om and partly reflected rising invest
ment banking activity related to the rise in European
merger and acquisition activity.
In Asia and Pacific, the value added of affiliates in
creased $23.4 billion or 12.7 percent. The largest in
creases were in manufacturing and “other industries”
(mainly accommodation and food services). The in
crease in manufacturing was concentrated in China,
Australia, and Singapore. The increase in China mainly
reflected the expansion of existing affiliates and the
establishment of n e w affiliates to serve the local
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
market.7 N e w Chinese manufacturing affiliates were
engaged in producing both intermediate goods, such
as electronic cables, and final goods, such as kitchen
appliances and audio-visual equipment. The increases
in Australia and Singapore were mainly in manufac
turing. The increase in Australia was widespread across
manufacturing industries and mainly reflected strong
economic growth and rising consumer spending. The
increase in Singapore mainly reflected increased value
added in the manufacture of goods, such as pharma
ceuticals, for export.
In Latin America and Other Western Hemisphere,
the value added of affiliates increased $16.4 billion or
15.3 percent. The largest increases were in manufactur
ing and wholesale trade. Most of the increases oc
curred in Brazil and partly reflected strong economic
growth and rising consumer spending. For example,
value added of affiliates in transportation equipment
manufacturing increased 40.1 percent, reflecting a 23.9
percent increase in total unit sales of motor vehicles in
that country.
In Canada, the value added of affiliates increased
$8.1 billion or 7.5 percent. The largest increases were
in mining (mainly oil and gas extraction) and in “other
7. In 2007, two-thirds of sales by Chinese manufacturing affiliates were to
local customers.
B
u s in e s s
7 3
industries” (mainly retail trade and accommodation
and food services). The increases in oil and gas extrac
tion partly reflected the expansion of production of
natural gas and the extraction of oil from tar sands.
The increases in retail trade and accommodations and
food services partly reflected the opening of n e w loca
tions of U.S. retail and restaurant chains.
In the Middle East, the value added of affiliates
increased $2.9 billion or 21.7 percent. The increase was
concentrated in mining (mainly oil and gas extraction)
and in manufacturing. The increase in mining partly
reflected the rise in petroleum prices, which both
raised the value of a given level of output and encour
aged expansion in output. The increase in manufactur
ing reflected increased value added in the manufacture
of computer components and other high-technology
products for export.
In Africa, the value added of affiliates increased $0.9
billion or 2.2 percent. The largest increase was in m i n
ing (mainly oil and gas extraction) and partly reflected
the rise in petroleum prices.
By industry sector, increases were widespread but
were largest in manufacturing and in finance (except
banking) and insurance.
Newly acquired or established affiliates. Although
most of the increase in the value added of foreign
Statistics on U.S. Direct Investment Abroad
B E A collects two broad sets of data on U.S. direct invest
ment abroad: (1) financial and operating data of U.S.
multinational companies and (2) international transac
tions and direct investment position data. This article
presents highlights of statistics derived from the f r t set
is
of data; the statistics derived from the second set of data
are usually published in the July and September issues of
the Survey of C urrent B usiness.
1
Financial and operating statistics. The financial and
operating statistics provide a picture of the overall activi
ties of foreign affiliates and U.S. parent companies, using
a variety of indicators of their financial structure and
operations. The statistics on foreign affiliates cover the
entire operations of the af lia , irrespective of the per
fi te
centage of U.S. ownership. These statistics cover items
that are needed in analyzing the characteristics, perfor
mance, and economic impact of multinational compa
nies, such as sales, value added, employment and
compensation of employees, capital expenditures,
1. See Marilyn Ibarra and Jennifer Koncz, “Direct Investment
Positions for 2008: Country and Industry Detail,” Survey 89 (July 2009):
2 0 -3 4 and Jeffrey H. Lowe, “Direct Investment, 2 0 0 4 -2 0 0 7 : Detailed
Historical-Cost Positions and Related Capital and Income Flows,” Sur
vey 88 (September 2008).
exports and imports, and research and development
expenditures. Separate tabulations are available for a l
l
affiliates and for affiliates that are majority-owned by
their U.S. parent(s).
International transactions and direct investment
position statistics. The international transactions statis
tics cover a foreign affiliate’ transactions with i s U.S.
s
t
parent(s), so these statistics deal with the U.S. parent’
s
share, or interest, in i s affiliate rather than on the a f l
t
fii
ate’ size or level of operations. These statistics are essen
s
t l to the compilation of the U.S. international
ia
transactions accounts (ITAs), the international invest
ment position, and the national income and product
accounts. The major items include capital flows
(recorded in the financial account of the ITAs), which
measure the funds that U.S. parents provide to their for
eign a liates, and income (recorded in the current
ffi
account), which measures the return on those funds.
Direct investment position statistics are stock (cumula
tive) measures, showing the total outstanding level of
U.S. direct investment abroad at yearend. Estimates are
provided both at historical cost and in terms of currentperiod prices. The historical-cost estimates are published
by country and by industry.
7 4
U .S .
M u ltin a tio n a l
affiliates in 2007 resulted from expansions in ongoing
affiliates, the addition of affiliates that were newly ac
quired or established during the year also contributed.
Data for these affiliates show where U.S. M N C s have
been expanding their operations through n e w business
enterprises and thus can provide some evidence of the
countries and industries that have offered attractive in
vestment opportunities to U.S. M N C s . In 2007, n o n
bank U.S. parents acquired or established 434 nonbank
foreign affiliates, which had a combined value added of
$12.1 billion and a combined employment of 143,600
workers (table 11).
By area, four countries accounted for more than
half of the employment of all n e w affiliates in 2007;
three of these countries— Canada, the United King
d o m and Ge r ma ny — are high-income countries and
one— China— is a middle-income country. These affil
iates primarily serve local markets. The percent of total
sales to local customers by n e w affiliates in these coun
tries was 70.9 percent for the United Kingdom, 72.5
percent for Germany, 78.2 percent for Canada, and
90.3 percent for China.
By industry, manufacturing continued to be a lead
ing industry for n e w affiliates in 2007. N e w manufac
turing affiliates accounted for 30.9 percent of all n e w
affiliates, for 53.3 percent of their value added, and for
44.2 percent of their employment.
C o m p a n ie s
A u g u s t
2 0 0 9
Affiliate share of host-country GDP. Value added
of foreign affiliates represents these firms’ contribu
tions to their respective host countries’GDP. The share
of host-country G D P accounted for by the value added
of affiliates reflects the country’ attractiveness to U.S.
s
M N C s as a location for production, which includes the
country’ openness to foreign direct investment.
s
A m o n g the 51 host countries listed in table 12, the
share of G D P accounted for by nonbank foreign affili
ates of nonbank U.S. parents in 2007 ranged from 20.8
percent in Ireland to 0.1 percent in Saudi Arabia. In
only 2 of the 51 host countries— Ireland and Sin
gapore— did the value added of foreign affiliates of
U.S. M N C s account for more than 10 percent of GDP.
The affiliate share of host-country G D P partly re
flects characteristics of the host country, such as busi
ness infrastructure, macroeconomic conditions, the
availability of natural resources, and governance as
pects of host country. While each of these characteris
tics i important to the location of production by
s
foreign affiliates, a strong relationship probably does
not exist between any one of these characteristics and
the affiliate share of host-country GDP, because some
countries that score highly on one particular charac
teristic m a y not score as well on another characteristic.
In addition, M N C s in different industries m a y not at
tach the same importance to a particular characteristic.
T a b le 11. N e w ly A c q u ir e d o r E s ta b lis h e d N o n b a n k M a jo r ity - O w n e d F o r e ig n A ff ilia t e s b y M a jo r A re a a n d I n d u s tr y o f A ff ilia t e , 2 0 0 6 a n d 2 0 0 7
2006
2007
Number of newly acquired
or established affiliates
Total
Total........................................................................
Acquired
Established
Value added Number of
employees
(millions
of dollars) (thousands)
Number of newly acquired
or established affiliates
Total
Acquired
Established
Value added Number of
employees
(millions
of dollars) (thousands)
407
188
219
10,681
98.3
434
204
230
12,071
143.6
37
239
43
14
4
70
345
25
32
5
24
119
13
6
2
24
155
9
23
1
13
120
30
8
2
46
190
16
9
4
-332
3,861
1,319
84
3,338
2,411
9,729
342
534
75
10.2
56.9
5.8
1.1
2.0
22.4
78.7
5.9
12.3
1.4
42
244
69
3
5
71
359
44
29
2
22
129
19
1
3
30
169
20
15
0
20
115
50
2
2
41
190
24
14
2
1,315
6,130
19.7
70.1
27
6
104
22
5
61
5
1
43
4,808
708
2,231
3.1
9.7
43.1
18
2
134
11
2
103
7
0
31
2,246
(D)
(D)
6,432
63.4
3
14
11
15
22
3
6
32
15
77
11
135
2
8
3
11
9
3
5
20
10
17
8
45
1
6
8
4
13
0
1
12
5
60
3
90
33
375
177
471
379
15
144
480
125
478
139
1,712
0.8
6.7
5.7
7.2
5.8
0.7
4.2
5.1
4.4
2.7
1.7
28.4
7
55
4
4
18
4
7
29
18
53
9
171
2
52
1
2
15
4
6
21
10
14
7
36
5
3
3
2
3
0
1
8
8
39
2
135
276
649
361
65
697
87
1,335
770
339
862
5.0
18.8
8.0
1.6
5.4
3.5
8.9
8.9
3.8
7.9
(D)
(D)
1,300
52.6
96
29
67
240
0.5
122
20
102
113
0.0
By area
Canada..................................................................................
Europe...................................................................................
Latin America and Other Western Hemisphere..........................
Africa....................................................................................
Middle East.............
Asia and Pacific.......
High-income countries1
Upper-middle-income countries1...............................................
Lower-middle-income countries'...............................................
Low-income countries1............................................................
(D)
(D)
(D)
(D)
152
2,136
7,917
1,580
1.6
39.5
93.1
15.7
(D)
(D)
(D)
(D)
By industry
Mining...................................................................................
Utilities...................................................................................
Manufacturing.........................................................................
5.1
O f which:
Food..............................................................................
Chemicals......................................................................
Primary and fabricated metals..........................................
Machinery......................................................................
Computers and electronic products...................................
Electrical equipment, appliances, and components.............
Transportation equipment.................................................
Wholesale trade.....................................................................
Information............................................................................
Finance (except depository institutions) and insurance...............
Professional, scientific, and technical services...........................
Other industries......................................................................
O f which:
Holding companies..........................................................
D Suppressed to avoid disclosure of data of individual companies.
1. As classified by the W Bank.
orld
The statistics in this table cover only newly acquired o r established affiliates. They exclude data for
consolidated units of existing affiliates that were acquired or established during the year.
N ote .
A u g u s t
S
2 0 0 9
u r v e y
o f
C
u r r e n t
For example, M N C s in oil and gas extraction will
attach a m u c h higher importance to the presence of
natural resources than affiliates in nonextractive in
dustries. Nevertheless, each of these characteristics has
some measurable impact on the location of foreign af
filiates and the affiliate share of host-country GDP.
Governance of a host country refers to the “tradi
tions and institutions by which authority in a country
is exercised.”8 A study sponsored by the World Bank
constructed indicators of the quality of host-country
governance based on six governance characteristics
8. This definition is from Daniel Kaufmann, Aart Kraay, and Pablo Zoido,
“Governance Matters,” World Bank Policy Research Working Paper no.
2196 (Washington, DC: World Bank, 1999).
T a b le 12. V a lu e A d d e d o f N o n b a n k M a jo rity -O w n e d F o re ig n A ff ilia t e s
a s a P e rc e n ta g e o f G D P o f S e le c te d H o s t C o u n tr ie s , 2 0 0 6 a n d 2 0 0 7
2007
2006
Ireland.......................................................................
Singapore
Canada
Nigeria
Switzerland
21.3
13.2
8.6
11.8
6.2
20.8
13.0
8.8
8.4
6.8
United Kingdom..........................................................
Honduras...................................................................
Australia....................................................................
Hong Kong ................................................................
Belgium.....................................................................
6.6
6.5
4.9
5.4
5.5
6.2
5.5
5.4
5.3
5.2
Costa Rica.................................................................
Peru..........................................................................
Malaysia....................................................................
Norway......................................................................
Argentina...................................................................
5.7
4.6
5.3
5.4
4.6
5.1
4.6
4.4
4.3
4.1
Thailand....................................................................
Netherlands................................................................
Hungary....................................................................
Mexico.......................................................................
Chile..........................................................................
4.2
4.4
3.0
3.4
3.3
4.0
3.9
3.6
3.1
3.0
Indonesia...................................................................
Sweden.....................................................................
Israel..
Philippines
Egypt..
3.2
2.8
2.7
3.4
2.7
3.0
3.0
2.9
2.9
2.8
Germany
United Arab Emirates..................................................
Brazil.........................................................................
Colombia...................................................................
Czech Republic..........................................................
2.9
2.3
2.3
2.8
2.5
2.6
2.6
2.5
2.5
2.5
B
u s in e s s
7 5
that can affect the cost and risk of operating in a par
ticular foreign country.9 Countries that score favorably
according to these indicators tend to attract more pro
duction by M O F A s than countries that score less favor
ably, suggesting that the quality of governance of the
host country does in fact have an impact on the invest
ment decisions by U.S. M N C s .
The value added of affiliates and therefore the affili
ate share of host-country G D P also can be influenced
by financial accounting strategies that some U.S.
M N C s employ to reduce their tax liabilities.1 For ex
0
ample, a U.S. company m a y locate the ownership
rights to income-generating intellectual property in af
filiates in countries with lower tax rates than the coun
try in which the intellectual property was produced to
reduce the tax liability on the income generated by this
intellectual property.
Real value added in manufacturing. In addition to
the current-dollar estimates of value added of foreign
affiliates, B E A prepares estimates of the real value
added of foreign affiliates in manufacturing that re
m o v e the effects of changes in prices and exchange
rates. These estimates provide more meaningful c o m
parisons of value added of foreign affiliates across
countries and over time than the current-dollar esti
mates. Comparisons across countries are enhanced be
cause the estimates in real terms are based on
purchasing power parity (PPP) exchange rates rather
than on market exchange rates.1 Comparisons over
1
time are enhanced because the estimates are denomi
nated in chained (2005) dollars that account for both
9. These measures of regulatory quality of host governments are available
on the World Bank Web site at www.worldbank.org under “Governance
Indicators.” The construction of these indicators are described in Daniel
Kaufmann, Aart Kraay, and Massimo Mastruzzi, “Governance Matters VII:
3.0
2.4
Venezuela..................................................................
Aggregate and Individual Governance Indicators for 1996-2007,” World
2.2
2.2
France .......................................................................
2.1
2.8
New Zealand............................................... ..............
Bank Policy Research Working Paper No. 4654 (Washington, DC: World
Poland.......................................................................
1.9
2.0
Bank, 2006).
2.2
2.0
Portugal.....................................................................
10. See Robert E. Lipsey “Defining and Measuring the Location of FDI
South Africa................................................................
2.2
2.0
Output,” National Bureau of Econom ic Research (NBER) Working Paper
2.2
1.9
Denmark....................................................................
1.7
Ecuador.....................................................................
1.8
no. 12996 (Cambridge, MA: NBER, March 2007).
Taiwan.......................................................................
1.6
1.8
11. To translate the value-added estimates that are denominated in for
1.7
Austria
1.6
eign currencies into U.S. dollars for international comparisons, PPP
1.6
1.5
Italy...
exchange rates generally are preferable, because they approximate the num
Spain..
1.4
1.4
1.5
1.3
Finland
ber of foreign currency units required in a foreign country to buy the goods
1.2
1.3
Republic of Korea........................................................
and services that are equivalent to those that can be bought in the United
1.2
1.1
Greece
States with 1 U.S. dollar. A distinguishing feature of PPP exchange rates is
1.4
1.1
Turkey........................................................................
that they are based on the prices of all goods and services produced or sold
Japan ........................................................................
0.9
0.9
0.7
in a country, both those that are traded internationally and those that are
China.........................................................................
0.7
0.6
0.6
not. For details and for a summary of the original methodology used to
0.4
Russia.......................................................................
0.5
derive the estimates of real value added, see Raymond J. Mataloni Jr., “Real
0.1
0.1
Saudi Arabia...............................................................
Gross Product of U.S. Companies’ Majority-Owned Foreign Affiliates in
Weighted average of countries shown1.....................
2.9
2.8
Manufacturing,” Survey 77 (April 1997): 8 -1 7 . A major improvement to the
1. The average share of host-country GDP in these countries was derived as a weighted average in terms of original methodology occurred with the release of the preliminary 2004
host-country G P.
D
estimates when the industry detail of the producer price indexes used for
N otes. The countries are sorted in descending order of their 2007 values. If two countries have the same
2007 value, they were sorted using unrounded values.
deflation was increased from 6 manufacturing industries to 22 manufactur
GDP data for host countries were obtained from the World Bank Web site.
ing industries.
GDP Gross domestic product
U .S .
7 6
M u lt in a tio n a l
changes in prices and changes in the industry mix of
production by manufacturing affiliates.1 The real
2
value added estimates are restricted to manufacturing
because the required source data are not available for
other industries.
The real value added of foreign affiliates in m a n u
facturing decreased 1.5 percent to $391.2 billion in
2007 (table 13). The 27 countries for which estimates
are separately available accounted for 68.8 percent of
the total. The real value added of manufacturing affili
ates in these countries decreased 8.8 percent to $269.0
billion, in contrast to a 2.6 percent increase in total
manufacturing production in these countries (chart
3). The decrease partly reflected sales and liquidations
of affiliates, which were especially pronounced in the
automotive industry where some U.S. firms sold off
foreign assets in an effort to raise cash to support do
mestic operations during a market downturn. The de
creases were widespread across countries and were
largest in Germany, the United Kingdom, and Canada.
In the United Kingdom, real value added of foreign af
filiates decreased $4.3 billion to $43.1 billion, mainly in
“other manufacturing.” In Germany, the real value
added decreased $4.2 billion to $38.2 billion and
largely reflected the complete or partial sales of par
ents’equity interest in foreign affiliates. In Canada, the
real value added decreased $2.9 billion to $41.9 billion,
12. Previously, the estimates were denominated in chained 2002 dollars.
The preparation of estimates in chained 2005 dollars was made possible by
the release of European Communities and Organisation for Econom ic CoOperation and Development (O ECD), Purchasing Power Parities and Real
Expenditures: 2005 Benchmark Year (Paris: OECD, 2008).
A u g u s t
C o m p a n ie s
2 0 0 9
mainly in transportation equipment manufacturing.
The real value added of foreign affiliates in the
countries other than the 27 selected countries shown
in table 13 increased 21.0 percent to $123.2 billion.
Based on the market-exchange-rate-based estimates,
Chart 3. Real Value Added of MOFAs in
Manufacturing and Industrial Production in 27
Selected Countries, 1999-2007
In d e x (2005=100)
MOFAs Majority-owned foreign affiliates
N ote. The 27 selected countries are listed below in Table 13.
The composite index of host-country industrial production was derived by weighting each
country's index by the country's share in the dollar value of real value added of MOFAs in
manufacturing.
U.S. Bureau of Economic Analysis
T a b le 13. R e a l V a lu e A d d e d b y M a jo r ity - O w n e d F o r e ig n A ff ilia t e s in M a n u fa c tu r in g b y C o u n try , 1 9 9 9 -2 0 0 7
Billions of chained (2005) dollars
1999
All countries.....................................
27 selected countries.......................
Australia........................................
Austria..........................................
Bulgaria........................................
Canada.........................................
Czech Republic..............................
Denmark.......................................
Finland..........................................
France...........................................
Germany.......................................
Greece..........................................
Hungary........................................
Ireland..........................................
Italy...............................................
Japan............................................
Lithuania.......................................
Mexico..........................................
Netherlands...................................
Norway.........................................
Poland..........................................
Portugal........................................
Slovak Republic.............................
Slovenia........................................
South Korea...................................
Spain............................................
Sweden.........................................
Switzerland....................................
United Kingdom..............................
All other countries..............................
Residual1..........................................
363.3
312.0
9.5
1.8
(*)
57.2
2.1
0.9
0.7
23.6
49.7
0.5
2.0
12.2
23.5
9.3
0.1
23.4
13.8
1.9
1.9
1.4
0.3
0.1
2.2
10.0
2.7
2.6
55.8
52.8
1.3
2000
371.2
312.0
10.5
1.8
0.2
59.4
2.2
1.0
0.7
23.4
40.5
0.6
2.1
13.8
22.4
13.1
0.2
24.4
14.0
1.7
3.5
3.3
0.2
0.2
3.2
10.1
3.4
3.1
51.4
60.0
0.8
2001
363.0
308.0
10.7
1.8
0.2
55.5
2.7
0.8
0.7
23.3
39.9
0.5
1.9
14.8
23.5
16.0
0.2
24.6
13.7
1.9
3.9
3.2
1.1
0.2
2.9
10.1
3.2
1.8
48.1
55.8
-0.1
2002
368.4
313.0
9.7
1.6
0.2
54.2
2.7
1.0
0.6
22.9
38.9
0.5
2.5
19.0
22.1
14.1
0.1
25.5
14.0
1.9
4.3
3.2
1.7
0.2
4.0
10.2
3.4
2.0
49.2
57.0
1.7
2003
367.6
303.0
9.7
1.4
0.2
53.8
2.6
0.8
0.4
22.3
34.4
0.6
2.0
17.5
20.5
14.1
0.1
26.0
13.1
1.7
5.0
3.1
1.8
0.2
4.0
9.6
4.4
2.2
48.7
64.8
2.6
2004
395.4
315.0
10.5
1.7
0.2
55.9
3.4
0.8
0.8
21.7
41.3
1.9
1.7
17.0
19.6
13.5
0.2
24.0
13.6
1.7
5.9
3.0
2.1
0.2
4.9
9.4
5.0
2.8
49.1
80.9
2.6
Share of all-countries total (percent)
2005
388.0
299.0
10.4
1.8
0.2
46.1
3.5
0.9
0.9
22.0
41.2
2.1
2.2
17.9
18.2
7.1
0.2
23.0
15.3
1.9
6.0
2.8
2.2
0.2
5.6
9.6
4.1
3.2
50.4
89.0
0.0
* Less than $500,000 or less than 0.05 percent.
1. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding
2006
397.0
295.0
11.9
2.0
0.3
44.8
3.3
0.9
0.9
20.5
42.4
2.0
2.6
18.8
16.8
7.3
0.2
24.0
13.0
1.4
6.7
2.5
2.5
0.2
6.4
9.8
4.5
4.1
47.4
101.8
-2.1
2007
391.2
269.0
10.4
1.8
0.2
41.9
2.9
0.8
0.8
18.3
38.2
1.8
2.2
17.5
14.8
7.3
0.2
23.0
11.5
1.3
5.7
2.2
2.1
0.2
6.1
8.7
4.1
3.9
43.1
123.2
-3.0
1999
100.0
85.9
2.6
0.5
(*)
15.7
0.6
0.2
0.2
6.5
13.7
0.1
0.6
3.4
6.5
2.6
(*)
6.4
3.8
0.5
0.5
0.4
0.1
(*)
0.6
2.8
0.7
0.7
15.4
14.5
2000
100.0
84.0
2.8
0.5
0.1
16.0
0.6
0.3
0.2
6.3
10.9
0.2
0.6
3.7
6.0
3.5
0.1
6.6
3.8
0.5
0.9
0.9
0.1
0.1
0.9
2.7
0.9
0.8
13.8
16.2
2001
100.0
84.9
2.9
0.5
0.1
15.3
0.7
0.2
0.2
6.4
11.0
0.1
0.5
4.1
6.5
4.4
0.1
6.8
3.8
0.5
1.1
0.9
0.3
0.1
0.8
2.8
0.9
0.5
13.3
15.4
2002
100.0
85.0
2.6
0.4
0.1
14.7
0.7
0.3
0.2
6.2
10.6
0.1
0.7
5.2
6.0
3.8
(*)
6.9
3.8
0.5
1.2
0.9
0.5
0.1
1.1
2.8
0.9
0.5
13.4
15.5
2003
100.0
82.4
2.6
0.4
0.1
14.6
0.7
0.2
0.1
6.1
9.4
0.2
0.5
4.8
5.6
3.8
(*)
7.1
3.6
0.5
1.4
0.8
0.5
0.1
1.1
2.6
1.2
0.6
13.2
17.6
2004
100.0
79.7
2.7
0.4
0.1
14.1
0.9
0.2
0.2
5.5
10.4
0.5
0.4
4.3
5.0
3.4
0.1
6.1
3.4
0.4
1.5
0.8
0.5
0.1
1.2
2.4
1.3
0.7
12.4
20.5
2005
100.0
77.1
2.7
0.5
0.1
11.9
0.9
0.2
0.2
5.7
10.6
0.5
0.6
4.6
4.7
1.8
0.1
5.9
3.9
0.5
1.5
0.7
0.6
0.1
1.4
2.5
1.1
0.8
13.0
22.9
2006
100.0
74.3
3.0
0.5
0.1
11.3
0.8
0.2
0.2
5.2
10.7
0.5
0.7
4.7
4.2
1.8
0.1
6.0
3.3
0.4
1.7
0.6
0.6
0.1
1.6
2.5
1.1
1.0
11.9
25.7
2007
100.0
68.8
2.7
0.5
0.1
10.7
0.7
0.2
0.2
4.7
9.8
0.5
0.6
4.5
3.8
1.9
0.1
5.9
2.9
0.3
1.5
0.6
0.5
0.1
1.6
2.2
1.0
1.0
11.0
31.5
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.
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
the increase was m ost rapid in Latin A m erica and
O ther W estern H emisphere.
By industry sector for all nonbank foreign affiliates,
the largest increase was in m anufacturing. The increase
reflected large growth in both chemicals and tran sp or
tation equipm ent, which increased $1.8 billion and
$1.3 billion, respectively.
B
7 7
u s in e s s
R e s e a rc h
a n d
d e v e lo p m e n t
Expenditures for R&D perform ed by nonbank
foreign affiliates o f nonbank U.S. parents increased
18.4 percent o r $5 .4 billion to $ 3 5 .0 billion in 20 0 7
(table 14). R&D expenditures continued to be co n
centrated in a small num ber o f host countries. The
top two host countries— the United Kingdom and
Key Terms
The following key terms are used to describe U.S. multi
national companies (MNCs) and their operations.1
U.S. MNCs
U.S. multinational company (U.S. MNC). The U.S.
parent and its foreign affiliates. (In this article, an MNC
is usually defined as the U.S. parent and its majorityowned foreign affiliates.)
U.S. parent. A person, resident in the United States,
that owns or controls 10 percent or more of the voting
securities, or the equivalent, of a foreign business enter
prise. “Person” is broadly defined to include any indi
vidual,
branch,
partnership,
associated
group,
association, estate, trust, corporation, or other organiza
tion (whether or not organized under the laws of any
state), or any government entity. If incorporated, the U.S.
parent is the fully consolidated U.S. enterprise consisting
of (1) the U.S. corporation whose voting securities are
not owned more than 50 percent by another U.S. corpo
ration and (2) proceeding down each ownership chain
from that U.S. corporation, any U.S. corporation whose
voting securities are more than 50 percent owned by the
U.S. corporation above it. A U.S. parent comprises the
domestic operations of a U.S. MNC, covering operations
in the 50 states, the District of Columbia, the Common
wealth of Puerto Rico, and all other U.S. areas.
U.S. direct investment abroad. The ownership or con
trol, directly or indirectly, by one U.S. person of 10 per
cent or more of the voting securities of an incorporated
foreign business enterprise or the equivalent interest in
an unincorporated business enterprise.
Foreign affiliate. A foreign business enterprise in
which there is U.S. direct investment, that is, in which a
U.S. person owns or controls (directly or indirectly) 10
percent or more of the voting securities or the equivalent.
Foreign affiliates comprise the foreign operations of a
U.S. MNC over which the parent is presumed to have a
degree of managerial influence.
This article focuses on the operations of majorityowned foreign affiliates; for these affiliates, the combined
ownership of all U.S. parents exceeds 50 percent. In 2007,
these affiliates accounted for 85.3 percent of the employ
ment of all foreign affiliates of U.S. MNCs.
Measures of operations2
Value added. The portion of the goods and services sold
or added to inventory or fixed investment by a firm that
reflects the production of the firm itself. It represents the
firm’s contribution to gross domestic product in its
country of residence, which is the value of goods and ser
vices produced by labor and property located in that
country. Compared with sales, value added is a preferable
measure of production because it indicates the extent to
which a firm’s sales result from its own production rather
than from production that originates elsewhere, whereas
sales data do not distinguish between these two sources
of production. Value added can be measured as gross
output minus intermediate inputs; alternatively, it can be
measured as the sum of the costs incurred (except for
intermediate inputs) and the profits earned in produc
tion. The value-added estimates presented in this article
were prepared by summing the cost and profits data col
lected in the annual and benchmark surveys of U.S. direct
investment abroad.3
Employment. The number of full-time and part-time
employees on the payroll at yearend. If the employment
of a parent or an affiliate was unusually high or low
because of temporary factors (such as a strike) or large
seasonal variations, the number that reflected normal
operations or an average for the year was requested.
2. Statistics on the operations of U.S. MNCs cover the survey respon
dent’s fiscal year ending in the reference year of the data.
1. For a comprehensive discussion of the terms and the concepts used,
3. For the derivation of the current-dollar value-added estimates, see
see Raymond J. Mataloni Jr., “A Guide to BEA Statistics on U.S. Multi
Raymond J. Mataloni Jr. and Lee Goldberg, “Gross Product of U.S. Mul
tinational Companies, 1977-91,” S u r v e y 74 (February 1994): 57.
national Companies,” Survey 75 (M arch 1995): 3 8 -5 5 .
7 8
U .S .
M u ltin a tio n a l
G erm an y— together accounted for over a third of the
all-countries total change in R & D expenditures; h o w
ever, there has been rapid growth in certain countries
in Asia and Pacific— particularly in China— in recent
years.
Chinese affiliates’ R & D expenditures increased 50.3
percent or $0.4 billion, which was the third-highest
change in R & D expenditures. By industry, a large por
tion of the Chinese R & D expenditures were in “c o m
puters and electronic products” and “electrical
equipment, appliances, and components.” Based on a
recent academic study, the growth in R & D expendi
tures by Chinese affiliates appears primarily marketdriven; reflecting the importance of the large Chinese
population as customers in the marketing strategies of
U.S. M N C s . 1 This is supported by the high share of
3
sales to the local market. The growth in R & D expendi
tures by Chinese affiliates appears to be partly driven
by the expanded capabilities for R & D in China. In re
cent years as China has focused on scientific educa
tion— with increased numbers of universities and
research institutes— U.S. M N C s appear to have in
creasingly relied on their Chinese affiliates for innova
tions in products and processes while receiving
additional advantages from strong industrial produc
tion and lower wages.
By industry sector for all nonbank foreign affiliates,
the largest increase in R & D expenditures was in m a n u
facturing. The increase reflected sizable growth in both
chemicals and transportation equipment, which in
creased $1.8 billion and $1.3 billion, respectively.
13. See Kazuyuki Motohashi “R&D of Multinationals in China: Structure,
Motivations and Regional Difference,” Research Institute of Economy,
Trade & Industry (RIETI) Discussion Paper Series 0 6-E -005 (Tokyo: RIETI,
February 2006).
A u g u s t
C o m p a n ie s
2 0 0 9
T a b le 14. R e s e a rc h a n d D e v e lo p m e n t P e rfo rm e d b y
M a jo r ity - O w n e d N o n b a n k F o r e ig n A ff ilia t e s b y M a jo r A re a
a n d b y M a jo r In d u s tr y o f A ff ilia t e , 2 0 0 6 a n d 2 0 0 7
[Millions of dollars]
All areas, all industries..................................
Change
Percent
change
2006
2007
29,583
35,019
5,436
18.4
2,439
19,326
2,729
23,142
290
3,816
11.9
19.7
1,518
4,947
536
5,551
1,046
1,698
5,970
730
6,522
1,151
180
1,023
194
971
105
11.9
20.7
36.2
17.5
10.0
574
(D)
67
840
5,864
629
316
65
948
6,984
55
(D)
-2
108
1,120
9.6
(D)
-3.0
12.9
19.1
718
759
1,862
1,083
1,141
1,980
365
382
118
50.8
50.3
6.3
23
7
24,172
48
3
28,171
25
3,999
108.7
-57.1
16.5
428
6,442
327
1,120
4,954
652
8,505
1,131
1,053
1
3,098
98
517
8,263
352
1,270
5,474
557
9,755
1,371
1,557
(*)
3,785
84
89
1,821
25
150
520
-95
1,250
240
504
20.8
28.3
7.6
13.4
10.5
-14.6
14.7
21.2
47.9
687
-14
22.2
-14.3
By area
Canada....................................................................
Europe.....................................................................
O f which:
France...............................................................
Germany..
Netherlands
United Kingdom.................................................
Latin America and Other Western Hemisphere.............
O f which:
Brazil.................................................................
Mexico..............................................................
Africa........................................................................
Middle East...............................................................
Asia and Pacific.........................................................
O f which:
Australia............................................................
China
Japan
By industry
Mining......................................................................
Utilities.
Manufacturing...........................................................
-4
O f which:
Food..................................................................
Chemicals..........................................................
Primary and fabricated metals..............................
Machinery..........................................................
Computers and electronic products......................
Electrical equipment, appliances, and components..
Transportation equipment....................................
Wholesale trade.........................................................
Information................................................................
Finance (except depository institutions) and insurance....
Professional, scientific, and technical services..............
Other industries.........................................................
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
Tables 15.1 through 19.2 follow.
A u g u s t
2 0 0 9
S
u r v e y
C
o f
u r r e n t
B
7 9
u s in e s s
T a b le 1 5.1 . S e le c te d S ta tis tic s f o r N o n b a n k U .S . P a re n ts b y In d u s tr y o f U .S . P a re n t, 2 0 0 6
Millions of dollars
Sales
Total assets
Goods
Services
8,217,882
109,305
50,592
58,713
213,765
3,786,625
295,413
114,250
27,850
27,908
78,720
21,298
825,531
525,025
114,654
62,383
230,044
56,512
61,433
82,213
44,477
185,694
128,395
57,298
184,070
76,548
34,087
73,435
318,592
88,442
66,793
8,278
91,733
62,198
1,148
95,722
854,090
499,689
354,401
25,828
79,946
875,754
65,010
145,477
172,962
492,305
577,437
103,618
14,934
387,800
5,447,535
82,137
9,890
3,548,728
294,027
2,384,927
26,371
(D)
(D)
200,657
169,231
1,377
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
Total
All industries.................................................... 18,620,815
Mining..........................................................................
324,672
Oil and gas extraction.................................................
190,344
Other........................................................................
134,328
Utilities........................................................................
568,120
Manufacturing.............................................................
4,965,393
Food.........................................................................
293,807
Beverages and tobacco products...
203,745
Textiles, apparel, and leather products..........................
21,352
36,194
Wood products...........................
Paper........................................
105,029
Printing and related support activities
20,877
Petroleum and coal products........
641,383
Chemicals.................................
913,982
Basic chemicals.....................................................
126,100
Resins and synthetic rubber, fibers and filaments.......
90,754
Pharmaceuticals and medicines..............................
487,816
Soap, cleaning compounds, and toilet preparations...
126,233
Other....................................................................
83,079
Plastics and rubber products.......................................
86,904
Nonmetallic mineral products......................................
58,851
Primary and fabricated metals.....................................
171,651
Primary metals.............
113,555
Fabricated metal products
58,097
Machinery................................................................
240,882
Agriculture, construction, and mining machinery........
128,239
Industrial machinery................................................
41,286
Other....................................................................
71,357
Computers and electronic products..............................
535,275
Computers and peripheral equipment.......................
123,860
Communications equipment.....................................
126,824
Audio and video equipment......................................
11,346
Semiconductors and other electronic components.....
172,722
Navigational, measuring, and other instruments.........
98,315
Magnetic and optical media.....................................
2,208
Electrical equipment, appliances, and components........
99,680
1,370,017
Transportation equipment............................................
Motor vehicles, bodies and trailers, and parts............
731,305
Other....................................................................
638,713
Furniture and related products.....................................
21,528
Miscellaneous manufacturing......................................
144,235
Wholesale trade.................
726,953
Professional and commercial equipment and supplies....
44,619
Petroleum and petroleum products..............................
133,394
Drugs and druggists' sundries.....................................
53,874
Other..............................
495,066
Information.......................
1,436,983
Publishing industries........
199,441
39,382
Motion picture and sound recording industries..............
Broadcasting and telecommunications.........................
1,079,476
Broadcasting, cable networks, and program
309,387
distribution.........................................................
Telecommunications...............................................
770,089
Information services and data processing services........
118,684
Finance (except depository institutions) and insurance. 8,817,616
Finance, except depository institutions......................... 4,396,739
Securities, commodity contracts, and other
intermediation ....................................................
3,822,609
Other finance, except depository institutions.............
574,130
Insurance carriers and related activities........................ 4,420,876
Professional, scientific, and technical services............
346,950
Architectural, engineering, and related services............
20,457
Computer systems design and related services............
169,843
Management, scientific, and technical consulting...........
14,839
Advertising and related services..................................
51,832
Other........................................................................
89,980
Other industries..........................................................
1,434,128
Agriculture, forestry, fishing, and hunting......................
5,961
Construction..............................................................
42,044
Retail trade................................................................
402,391
354,544
Transportation and warehousing..................................
Real estate and rental and leasing...............................
153,167
Real estate............................................................
62,440
Rental and leasing (except real estate).....................
90,727
Management of nonbank companies and enterprises....
144,220
111,007
Administration, support, and waste management...........
Health care and social assistance................................
40,013
Accommodation and food services..............................
95,321
Accommodation.....................................................
44,794
50,527
Food services and drinking places............................
Miscellaneous services...............................................
85,459
385,419
797
113
684
3,218
68,666
9
3,410
Research
Capital
and
expenditures development
expenditures
(D)
(D)
142,780
2,695
(D)
(D)
431,298
70,132
45,362
6,426
13,311
48,923
504,841
56,917
8,508
374,130
12,085
2,464
1,339
358
780,339
35,887
19,382
16,505
14,997
344,825
22,740
21,291
1,239
680
7,548
1,854
95,551
83,627
7,023
8,218
52,949
12,475
2,962
3,137
5,708
17,187
13,473
3,714
17,841
7,743
5,383
4,716
45,412
9,296
9,071
435
17,805
8,566
239
4,944
11,096
-16,755
27,851
1,265
3,706
44,289
4,230
11,568
2,230
26,261
70,055
20,229
105
42,057
118,805
268,995
71,086
949,306
307,756
11,809
1,502
5,033
106,929
267,201
65,286
(D)
266
145,700
66
292
767
285,341
161,790
17,236
24,821
7,664
125,035
53,307
5,106
42,906
5,210
39,296
26,867
246,006
61,750
641,550
243,671
31,831
98,171
13,148
20,048
80,473
1,462,017
8,020
60,407
826,060
243,317
62,986
16,841
46,145
(D)
(D)
(D)
(D)
5,710
16,627
(D)
(D)
(D)
(D)
(D)
26,120
80,825
13,088
20,048
132,238
29,552
123,551
2,854
41,965
11,342
71,728
40,527
911
19,623
1,019
1,254
17,720
104,724
76
2,928
33,643
29,266
8,761
4,828
3,933
4,418
22,449
12,428
8,468
585
4,179
512
503
2,688
80,524
333
628
27,308
20,226
12,670
3,204
9,466
620
4,810
2,191
6,196
3,043
3,153
5,542
(D)
96,560
42,103
71,155
19,602
51,553
(D)
(D)
(D)
1
384
47
237
41,471
4,137
719
410
197
(D)
(D)
228,927
1,036
114
81
21,061
783,651
520,691
113,932
(D)
(D)
60,149
79,742
44,301
181,361
126,136
55,225
175,992
71,987
32,357
71,648
293,195
1,284
2,471
176
4,190
2,116
2,073
4,744
(D)
1,730
0
2
0
0
0
0
143
143
0
3,334
(D)
(D)
0
(D)
25,378
19
(D)
(D)
62,273
4,520
(D)
(D)
(D)
(D)
0
0
0
1
55,895
6,285
18
(D)
(D)
88,760
726,729
467,988
258,741
25,394
71,627
806,380
6,963
67,783
13,980
53,804
103
7,514
57,244
0
0
0
992
901,811
7,927
56,304
809,438
13,227
3,000
(D)
(D)
(*)
(D)
(D)
(D)
(D)
2,569
(D)
* Less than $500,000 (+/-).
D Suppressed to avoid disclosure of data of individual companies.
1. Some parents and foreign affiliates primarily in finance and insurance include investment income in
sales or gross operating revenues. Most other parents and affiliates consider investment income an incidental
Investment
income'
Net income
(D)
(D)
550,258
35
4,046
16,466
229,975
51,117
8,520
42,597
(D)
(D)
(D)
59,578
17,722
41,856
331
805
12,130
44
2
0
0
0
719
(D)
0
(D)
9,949
57
58
156
115
8,870
(D)
(D)
(D)
(D)
(D)
220
29
436
(D)
1
48,549
45,361
436
5,951
2,534
8,271
2,238
6,033
(D)
(D)
445,295
35,488
24,326
11,162
29,190
168,790
7,986
4,370
697
1,153
3,384
732
27,696
21,381
4,778
3,128
9,958
1,769
1,748
2,639
1,913
5,704
4,331
1,373
6,071
3,119
1,291
1,661
15,757
2,766
3,126
196
8,332
1,302
35
2,600
63,357
48,526
14,832
550
2,799
25,973
(D)
(D)
656
16,421
57,565
3,834
509
48,012
Value
added
Thousands
of
Compensation employees
of employees
2,536,873
69,046
37,063
31,983
76,832
1,054,035
66,895
54,896
9,008
8,558
31,749
11,414
152,700
185,338
25,251
20,542
95,071
25,505
18,969
26,006
19,861
59,364
38,011
21,353
55,833
17,935
13,787
24,112
111,623
17,928
23,499
2,530
42,414
24,858
394
28,084
192,575
65,339
127,236
9,661
30,469
136,825
14,126
27,393
8,402
86,903
307,525
45,595
3,797
218,125
1,363,634
16,701
3,602
13,099
20,703
570,706
35,808
17,965
6,394
4,729
17,827
6,131
27,153
90,225
11,256
8,658
47,070
11,213
12,027
17,316
8,812
34,112
19,839
14,273
35,475
12,301
6,744
16,430
70,181
13,219
13,428
1,785
23,700
17,781
269
19,096
151,925
65,251
86,674
6,587
20,968
66,690
8,392
5,143
3,912
49,243
152,286
31,284
2,768
94,638
21,615.8
184.2
30.7
153.5
224.5
7,457.9
631.7
225.5
134.5
69.8
(D)
50,571
167,554
40,008
226,903
95,907
19,363
75,275
23,595
142,257
73,221
266.5
878.2
321.3
1,132.4
415.5
(D)
(D)
94
15,007
149
9,246
73,279
22,627
130,996
146,091
13,133
58,504
9,809
10,938
53,708
519,617
2,052
16,164
203,830
113,016
32,699
9,084
23,615
7,173
54,410
24,467
40,629
11,090
29,539
25,175
63,810
9,410
69,036
97,371
11,597
36,992
8,270
8,174
32,338
296,921
1,638
11,781
101,777
67,088
13,663
4,049
9,615
737
41,940
16,869
25,886
6,379
19,507
15,540
184,428
538
8
530
28
146,435
1,739
497
216
121
1,596
52
2,289
44,832
1,420
2,417
36,698
2,200
2,097
1,287
397
1,082
444
638
5,892
2,359
2,024
1,509
40,124
8,081
9,336
(D)
16,748
5,478
(D)
2,748
38,809
14,840
23,969
226
4,528
5,428
1,621
(D)
(D)
3,289
15,047
10,995
(D)
(D)
236
3,762
260
166
(D)
(D)
5,537
1,684
12
4
(D)
(D)
(D)
0
(D)
0
(D)
(D)
(D)
0
(D)
248
220.1
130.7
260.5
913.3
117.9
91.8
412.8
143.6
147.3
280.4
139.6
521.9
284.2
237.8
545.5
155.9
104.7
284.9
851.6
179.6
161.2
24.2
234.7
248.2
3.8
299.0
1,792.2
870.1
922.1
122.3
319.4
1,050.6
95.6
47.9
84.0
823.0
1,845.9
329.2
50.7
1,144.8
304.9
110.6
717.0
1,148.0
145.3
402.0
70.8
87.5
442.3
8,572.2
48.1
169.5
3,920.3
987.7
257.1
44.3
212.8
15.0
1,210.0
311.9
1,200.2
263.7
936.5
452.3
revenue source and include it in their income statements in an “other income” category rather than in sales.
BEA collects data on investment income to ensure that—where it is included in total sales—it is not misclassified as sales of sen/ices,
8 0
U .S .
M u ltin a tio n a l
C o m p a n ie s
A u g u s t
2 0 0 9
T a b le 1 5.2 . S e le c te d S ta tis tic s f o r N o n b a n k U .S. P a re n ts b y I n d u s tr y o f U .S . P a re n t, 2 0 0 7
Millions of dollars
Sales
Total assets
Goods
Services
5,605,340
79,517
52,562
26,955
7,899
3,667,896
2,620,447
29,875
(D)
(D)
(D)
(D)
(D)
(D)
(D)
208,193
113,946
(D)
107,288
1,375,798
697,700
678,098
20,561
126,624
840,823
50,106
165,958
57,581
567,180
1,512,850
202,571
47,754
1,115,258
8,614,733
109,933
54,958
54,975
226,351
3,904,730
340,951
95,289
31,741
25,694
78,375
23,171
869,672
542,444
128,389
65,027
228,570
58,185
62,273
83,440
44,123
178,382
118,931
59,451
197,929
83,581
35,979
78,368
343,401
92,002
69,889
8,111
99,580
72,539
1,280
102,591
858,046
482,497
375,549
24,623
64,858
951,837
65,566
173,175
181,601
531,495
668,868
104,567
16,016
468,886
317,518
797,741
147,266
124,514
344,373
79,399
(D)
(D)
(D)
4,391
74,353
9,496,868
4,587,803
987,882
330,428
5,581
4,000,843
586,961
4,909,064
382,499
22,578
189,841
15,821
55,534
98,725
1,545,241
6,924
37,237
423,400
376,928
123,724
264,830
65,598
657,455
259,024
33,379
101,844
14,914
22,117
86,770
1,506,109
9,257
50,263
854,363
244,343
52,893
67,223
22,055
30,838
(D)
Total
All industries.................................................
Mining......................................................................
Oil and gas extraction..............................................
Other....................................................................
Utilities....................................................................
Manufacturing..........................................................
Food.....................................................................
Beverages and tobacco products..............................
Textiles, apparel, and leather products.......................
Wood products.......................................................
Paper....................................................................
Printing and related support activities.......................
Petroleum and coal products....................................
Chemicals...................
Basic chemicals.......
Resins and synthetic rubber, fibers and filaments...
Pharmaceuticals and medicines...........................
Soap, cleaning compounds, and toilet preparations.
Other.................................................................
Plastics and rubber products....................................
Nonmetallic mineral products...................................
Primary and fabricated metals.................................
Primary metals...................................................
Fabricated metal products....................................
Machinery..............................................................
Agriculture, construction, and mining machinery....
Industrial machinery............................................
Other.................................................................
Computers and electronic products..........................
Computers and peripheral equipment....................
Communications equipment.................................
Audio and video equipment..................................
Semiconductors and other electronic components...
Navigational, measuring, and other instruments.....
Magnetic and optical media.................................
Electrical equipment, appliances, and components....
Transportation equipment........................................
Motor vehicles, bodies and trailers, and parts.........
Other.................................................................
Furniture and related products.................................
Miscellaneous manufacturing...................................
Wholesale trade........................................................
Professional and commercial equipment and supplies.
Petroleum and petroleum products...........................
Drugs and druggists’ sundries.................................
Other....................................................................
Information...............................................................
Publishing industries...............................................
Motion picture and sound recording industries............
Broadcasting and telecommunications.........................
Broadcasting, cable networks, and program
distribution......................................................
Telecommunications............................................
Information services and data processing services....
Finance (except depository institutions) and
insurance.............................................................
Finance, except depository institutions.....................
Securities, commodity contracts, and other
intermediation................................................
Other finance, except depository institutions..........
Insurance carriers and related activities.....................
Professional, scientific, and technical services.........
Architectural, engineering, and related services.........
Computer systems design and related services.........
Management, scientific, and technical consulting.......
Advertising and related services..............................
Other....................................................................
Other industries........................................................
Agriculture, forestry, fishing, and hunting...................
Construction..........................................................
Retail trade............................................................
Transportation and warehousing...............................
Real estate and rental and leasing............................
Real estate.........................................................
Rental and leasing (except real estate)..................
Management of nonbank companies and enterprises..
Administration, support, and waste management.......
Health care and social assistance.............................
Accommodation and food services...........................
Accommodation.................................................
Food services and drinking places........................
Miscellaneous services...........................................
19,964,935
357,114
216,314
140,801
589,554
5,239,985
343,007
177,800
24,305
34,018
111,755
26,315
721,297
961,610
139,201
100,828
505,791
130,140
85,650
89,406
65,330
187,746
124,113
63,633
263,211
137,708
42,627
82,876
603,914
131,069
136,929
(D)
56,501
166,630
144,833
44,277
104,436
47,413
57,023
116,852
112,674
44,653
72,893
19,220
53,673
(D)
24,968
77,761
22,928
844,339
539,106
127,903
16
0
0
63,884
18,463
45,421
322
941
9,970
46
7
0
9,917
2,347
1,282
0
411
80
331
654
17,175
28,417
9,254
5,470
54,487
5,129
687,187
178,837
295,115
60,955
277
40,882
27,945
237
134,115
44,722
508,349
237,743
28,398
88,171
14,858
22,117
84,199
579,481
38
4,316
15,973
236,946
130,712
-3,945
4,223
60,678
40,879
1,211
18,272
1,097
1,577
18,722
91,385
129
-474
32,794
15,468
5,189
5,156
5,725
22,220
12,937
8,731
695
3,890
752
552
2,843
89,256
276
674
28,813
22,314
14,303
4,754
9,549
837
5,441
2,060
7,220
3,784
3,436
(D)
(D)
(D)
7,317
(D)
(D)
599
243
25,001
3,207
487
(D)
1,795
0
(D)
(D)
(D)
43,928
174,472
117,377
57,095
188,932
78,558
34,257
76,116
316,439
195
3,794
1,438
2,355
5,823
(D)
(D)
1,722
(D)
26,946
0
(D)
16
0
0
0
(D)
(D)
1,074
(D)
(D)
(D)
(D)
(D)
(D)
66,093
3,796
(D)
(D)
9,986
(D)
6,950
81,532
16,104
65,428
110
3,129
72,841
(D)
4,549
(D)
62,537
(D)
95,641
712,630
447,930
264,700
24,191
60,787
869,026
(D)
168,619
(D)
(D)
458,898
37,353
14,175
4,788
13,999
62,679
629,168
89,110
11,228
454,477
(D)
3
(D)
(D)
18,957
4,981
(D)
(D)
0
1,629
919,112
9,180
45,916
838,236
7,381
2,391
(D)
(D)
0
8,762
(D)
44,374
15,844
28,530
(*)
(D)
(D)
(D)
2,324
0
(D)
(D)
0
942
7,516
40
31
154
16
6,128
(D)
(D)
33
(D)
2,878
(D)
(D)
(D)
103,284
43,758
69,530
19,181
50,348
0
628
486
(D)
(D)
5,594
2,115
5,901
1,267
4,634
(D)
(D)
(D)
(D)
(D)
Research
Capital
and
expenditures development
expenditures
482,492
39,540
27,567
11,973
32,174
173,447
8,480
3,584
657
1,024
3,886
753
26,293
22,225
5,092
3,303
9,933
1,741
2,156
2,897
2,298
6,054
4,618
1,437
6,924
3,723
1,290
1,912
18,751
3,446
3,124
222
10,486
1,454
19
2,743
63,819
47,614
16,205
559
2,498
28,217
1,016
(D)
(D)
17,050
70,246
4,748
411
59,957
227,485
(D)
Net
income
701,313
30,988
19,870
11,119
19,899
337,040
25,144
22,501
1,551
1,158
8,202
788
96,846
79,818
3,915
6,421
50,717
13,126
5,639
5,174
5,927
13,449
9,618
3,832
20,523
8,332
6,969
5,222
42,680
11,396
5,905
-59
16,472
8,947
19
7,236
778
-42,969
43,747
1,187
4,079
42,990
4,031
8,055
3,431
27,472
77,175
22,057
272
45,592
218,087
166,065
388,946
541
(D)
(D)
365
70,769
15
0
331
131
(*)
120
11
0
0
0
0
116
116
0
3,174
* Less than $500,000 (+/-).
D Suppressed to avoid disclosure ot data of individual companies.
1. Some parents and foreign affiliates primarily in finance and insurance include investment income in
sales or gross operating revenues. Most other parents and affiliates consider investment income an incidental
Investment
income1
(D)
200,397
637
14
623
24
157,231
1,852
337
295
114
1,406
45
2,537
50,449
1,610
2,541
41,369
2,780
2,149
1,287
440
1,016
447
568
6,360
2,429
2,153
1,778
39,852
8,066
10,785
(D)
15,213
5,296
(D)
2,925
43,698
15,674
28,024
233
4,386
5,686
1,625
(D)
(D)
3,463
18,797
12,287
(D)
(D)
(D)
1,254
5,203
(D)
15,810
145
9,113
(D)
(D)
6,468
1,975
5
(D)
(D)
(D)
(D)
0
(D)
0
(D)
(D)
(D)
0
(D)
269
Value
added
Thousands
Compensation of employees
of employees
2,588,811
62,293
32,544
29,749
83,883
1,064,666
75,080
51,454
9,161
6,387
30,422
9,782
153,523
180,227
24,048
20,225
90,570
25,859
19,526
28,680
19,419
52,851
32,471
20,380
60,136
19,968
15,310
24,858
118,353
19,967
23,806
2,225
44,121
28,085
149
29,843
204,360
70,862
133,498
9,050
25,938
137,904
14,855
23,510
9,948
89,591
316,760
48,334
5,119
217,580
1,392,180
17,648
4,043
13,605
21,605
569,987
40,002
15,129
6,958
4,030
16,838
5,085
28,361
94,821
12,489
9,453
49,133
11,785
11,961
18,042
9,187
31,483
16,802
14,680
37,007
12,847
7,244
16,916
70,138
13,185
12,903
1,635
23,282
18,943
189
19,785
150,315
59,182
91,133
6,390
16,418
73,223
8,970
5,197
4,717
54,339
150,071
33,114
2,899
88,291
22,003.1
181.5
32.4
149.1
226.4
7,292.2
665.9
179.5
142.0
62.4
207.2
140.2
264.0
906.5
126.0
97.0
395.3
147.7
140.6
284.7
142.0
480.8
244.8
236.0
549.5
160.9
109.2
279.4
858.9
179.2
158.6
22.9
242.1
253.0
3.1
298.3
1,751.1
766.0
985.1
116.7
242.6
1,074.3
91.6
47.3
82.3
853.2
1,918.8
341.8
52.9
1,157.5
51,926
165,653
45,728
19,641
68,650
25,767
251.0
906.5
366.6
229,235
95,340
146,537
74,841
1,129.1
393.2
80,650
14,690
133,895
153,575
14,459
58,438
11,212
11,834
57,633
540,493
2,446
11,081
207,474
65,246
9,594
71,696
102,369
12,886
36,597
8,838
8,991
35,057
310,740
2,015
12,323
101,582
74,547
10,692
292.3
101.0
735.9
1,215.5
167.8
385.1
73.7
95.3
493.6
8,965.3
64.1
161.9
4,144.5
1,011.5
181.4
113,777
25,005
10,676
14,329
18,269
61,775
25,674
41,849
12,071
29,778
33,145
4,742
39.9
5,950
735
44,951
17,632
27,050
6,724
20,327
141.5
15.8
1,245.6
319.5
1,279.7
279.0
1,000.7
541.3
19,213
revenue source and include it in their income statements in an “other income” category rather than in sales.
BEA collects data on investment income to ensure that—where it is included in total sales—it is not misdassified as sales of services.
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
81
u s in e s s
T a b le 16. S e le c te d S ta tis tic s f o r N o n b a n k F o r e ig n A ff ilia t e s b y C o u n tr y o f A ff ilia t e , 2 0 0 6 a n d 2 0 0 7
2006
Millions of dollars
Total assets
Sales
All countries.............................................. 12,118,593 4,793,319
Canada.........................................................
861,894
511,932
7,563,029 2,434,327
Europe...
Austria.
(D)
(D)
Belgium
266,319
105,987
Czech Republic..........................................
14,475
(D)
Denmark....................................................
51,045
29,008
Finland.
(D)
(D)
France.
286,132
200,668
Germany....................................................
522,267
325,004
Greece......................................................
(D)
(D)
Hungary.....................................................
29,417
15,626
Ireland.......................................................
427,640
185,666
Italy
......................................................
168,123
137,109
Luxembourg................................................
756,680
14,596
Netherlands................................................ 1,044,305
232,142
Norway
62,338
38,006
Poland.
23,341
24,345
Portugal.....................................................
(D)
(D)
Russia.
(D)
(D)
Spain...
95,424
173,618
Sweden.....................................................
51,923
(D)
Switzerland...
401,703
192,645
Turkey...........
10,721
21,298
United Kingdom.......................................... 2,960,005
621,258
Other............
34,177
81,220
Latin America and Other Western Hemisphere 1,670,620
558,111
South America............................................
281,846
220,772
Argentina................................................
40,416
29,075
Brazil.....................................................
124,258
113,035
Chile......................................................
31,150
18,415
Colombia...............................................
14,025
14,381
Ecuador.................................................
(D)
(D)
Peru.
18,536
12,147
44,257
Venezuela...............................................
25,961
Other.....................................................
(D)
(D)
Central America..........................................
233,339
206,223
Costa Rica
(D)
(D)
Honduras................................................
(D)
(D)
Mexico...................................................
178,326
181,923
Panama.................................................
8,424
(D)
Other.....................................................
5,529
7,532
Other Western Hemisphere.......................... 1,155,435
131,116
Barbados...............................................
(D)
(D)
623,897
Bermuda................................................
67,954
Dominican Republic................................
4,687
(D)
United Kingdom Islands, Caribbean...........
363,382
26,741
Other.....................................................
23,678
(D)
Africa
139,376
84,351
8,544
13,398
Egypt..
Nigeria
16,513
(D)
South Africa................................................
15,375
22,951
Other.........................................................
36,343
(D)
126,092
Middle East..................................................
79,606
Israel..........................................................
29,860
(D)
Saudi Arabia...............................................
19,558
20,578
United Arab Emirates..................................
19,541
(D)
Other..
(D)
(D)
Asia and Pacific............................................ 1,757,581 1,124,993
Australia.....................................................
120,204
225,696
97,764
China..
115,478
Hong Kong.................................................
197,749
84,446
31,834
India..........................................................
24,330
Indonesia...................................................
44,400
23,747
Japan..
621,842
296,176
Korea, Republic of.......................................
86,901
80,343
Malaysia....................................................
38,802
49,090
New Zealand..............................................
12,637
12,829
23,207
Philippines.................................................
15,635
Singapore..................................................
219,507
208,593
41,094
Taiwan.......................................................
92,762
Thailand.....................................................
45,221
42,887
Other.........................................................
19,066
10,333
Addenda:
European Union(25)1.................................. 6,960,874 2,124,256
European Union(27)2..................................
OPEC3.......................................................
222,997
132,739
2007
Millions of dollars
Net
income
727,625
51,776
398,904
(D)
14,358
1,034
4,973
(D)
9,200
17,596
(D)
1,225
46,902
9,620
56,918
93,098
4,428
1,569
(D)
(D)
8,161
2,341
44,712
1,153
59,436
12,205
132,717
21,427
3,348
5,955
1,905
1,018
Thousands
U.S.
U.S.
of
exports of imports of
Compensation
employees Total assets
goods
goods
of employees
shipped to shipped by
affiliates affiliates
237,553
74,541
58,154
289
3,426
95
204
435
(D)
7,804
55
153
3,493
(D)
(D)
4,600
1,399
33,002
46,114
1,416
699
63,593
241,040
(D)
14,366
202
49,791
8,233
1,039
4,170
480
(D)
(D)
16,383
39,997
522
(D)
37,242
790
(D)
1,561
109
178
5,639
227.2
(D)
(D)
(D)
(D)
(D)
(D)
65,036
(D)
836
(D)
(D)
(D)
(D)
(D)
(D)
(D)
50,269
1,427
663
47,660
(D)
(D)
(D)
(D)
13
(D)
(D)
22,982
13,692
19,162
1,507
4,258
1,576
11,822
17,233
164
(D)
(D)
(D)
5,239
1,558
(D)
(D)
(D)
(D)
8
(D)
756
969
(D)
(D)
5,444
546
97
449
(D)
(D)
107,832
15,060
9,798
10,355
1,805
6,122
15,386
5,696
4,612
780
52,540
4,731
4,415
5,179
618
385
12,328
3,010
(D)
2,304
2,581
1,323
(D)
(D)
(D)
62,473
2,492
6,081
(D)
(D)
(D)
2,349
3,559
1,835
3,658
1,139
262
7,556
2,849
14,913
68
954
(D)
(D)
3,718
3
334,875
49,289
32,588
2,169
1,573
28,902
(D)
225
1,400
(D)
* Less than $500,000 (+/-).
D Suppressed to avoid disclosure of data of individual companies.
1. The European Union (25) comprises Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland,
France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland,
Portugal, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
2. The European Union (27) is comprised of the European Union (25) and the 2 countries—Bulgaria and Romania—
that joined the Union in January 2007.
(D)
1,225
5,292
14,140
958
14,764
2,279
2,003
(D)
1,270
10,528
7,051
8,142
1,175
81,657
2,012
38,738
18,596
2,067
10,814
1,532
(D)
176
688
2,045
(D)
17,759
(D)
(D)
15,612
(D)
415
2,383
74
(D)
(D)
302
732
4,298
368
(D)
1,971
(D)
4,654
2,837
727
426
664
82,845
16,871
6,148
4,703
2,982
1,320
31,694
5,973
1,703
1,293
915
4,735
2,393
14,201,291 5,517,143
557,756
1,008,970
8,969,832 2,837,736
Net
income
846,753
49,556
480,600
Thousands
U.S.
U.S.
of
exports of imports of Compensation
employees
goods
goods
of employees
shipped to shipped by
affiliates
affiliates
4,294.7
3,862
420
5,270
6,758
3
503
18,887
577
232
124
2
764
4,744
(D)
(D)
230
368
264
157
251
989
681
7,904
80
183
1,125
54,094
11,149.9
1,104.0
4,637.3
40.6
133.9
L
66.4
22.9
665.4
665.2
L
61.3
92.3
274.6
14.2
235.4
32.8
118.8
K
77.3
215.6
106.1
109.5
44.3
1,367.4
128.2
2,225.9
839.4
107.8
465.9
79.8
L
8.6
33.6
77.4
J
1,284.3
K
K
1,108.7
K
49.4
102.2
1.7
J
K
8.2
29.3
188.6
35.0
I
70.6
L
99.8
63.0
15.0
8.9
12.9
2,894.2
315.0
704.1
124.2
242.5
105.1
594.1
125.1
130.9
33.4
106.7
128.6
94.6
146.8
43.1
(D)
(D)
(D)
(D)
(D)
436,050
50,584
254,930
2,758
10,197
(D)
69,121
258
(D)
(D)
(D)
2,541
6,576
11,762
3,609
341
94,907
307,165
Sales
(D)
(D)
(D)
303,890
123,823
18,899
(D)
(D)
(D)
(D)
(D)
(D)
(D)
346,286
612,612
13,396
228,351
357,227
1,050
13,257
18,891
(D)
(D)
(D)
40,379
563,466
205,239
873,444
1,254,382
69,088
32,807
42,844
22,496
224,470
155,362
15,283
258,064
42,210
32,631
14,009
2,198
68,701
10,812
65,463
104,569
5,616
2,472
3,483
257,660
77,484
67,991
304
3,770
113
204
406
(D)
8,670
114
228
4,897
(D)
305
(D)
(D)
(D)
(D)
10,345
1,190
(D)
(D)
(D)
(D)
443,721
16,045
3,497,971
99,710
1,881,001
367,320
44,527
178,215
35,367
242,920
26,727
672,000
44,834
627,995
253,638
34,151
134,087
20,241
49,834
-2,987
60,572
15,776
161,979
24,106
3,179
11,018
2,012
9,677
(D)
(D)
(D)
4,638
24,588
48,159
4,039
13,896
23,281
4
2,302
3,605
(D)
(D)
(D)
264,396
228,929
17,706
(D)
(D)
(D)
(D)
14,740
302
54,828
9,581
1,148
4,548
715
1,008
70
255
1,571
266
43,373
661
2,180
207,500
3,791
199,571
9,066
135
13,365
3,135
39,523
1,066
(D)
(D)
(D)
120,166
1,874
117
225
145,428
(D)
(D)
(D)
75,755
66,458
(D)
164,115
16,377
(D)
22,016
(D)
144,942
(D)
4
585
21,732
2,985
73
817
247
180
3
1,127
109,528
710,043
6,144
349,924
(D)
318
297
6,974
(D)
(D)
(D)
(D)
81,442
372
4,438
414
318
169
203,007
7,456
1,249,285
331,934
(D)
(D)
(D)
(D)
15,858
87
68,163
6,347
783
(D)
(D)
187
(D)
(D)
55,340
1,753
722
52,245
19,101
(D)
(D)
6,476
(D)
(D)
197
(*)
(D)
7,193
725
(D)
(D)
(D)
2,032,431 1,302,063
296,549
159,117
146,172
128,808
219,394
94,392
50,635
34,839
58,764
27,352
299,492
653,755
99,704
99,451
47,230
53,538
15,005
13,509
110,233
14,855
11,619
10,225
2,647
7,195
12,645
6,274
5,007
801
16,501
254,348
44,037
1,532
29,037
(D)
579
2,557
75
(D)
(D)
312
(D)
(D)
(D)
(D)
(D)
5,058
404
(D)
2,578
(D)
(D)
54,812
5,008
4,546
4,905
626
351
12,438
(D)
(D)
2,367
3,102
(D)
(D)
(D)
(D)
67,676
2,031
(D)
(D)
(D)
(D)
6,680
3,064
46,268
13,047
3,109
3,424
1,863
2,694
332
1,444
(D)
3,390
1,550
263
122
1,044
(D)
(D)
5,288
3
8,280,859 2,387,096
285,188
157,509
401,760
41,010
57,102
3,160
73,726
3,735
106,645
51,193
26,153
(D)
(D)
16,510
1,379
22
5
(D)
(D)
1,166
269
177
(D)
23,863
254,732
(D)
8,323
1,547
86,241
2,549
42,668
21,010
2,396
12,782
1,633
(D)
29,725
19,923
22,380
1,827
4,213
3,044
13,296
22,005
(D)
(D)
(D)
11,579
210
935
1,451
(D)
26,368
17,470
(D)
1,585
6,438
14,817
1,009
15,460
2,610
2,621
(D)
(D)
28,954
26,628
97,627
10,395
17,917
27,940
41,376
93,966
(D)
(D)
(D)
1,515
35,380
49,194
' 1,064
(D)
(D)
(D)
23,237
11,920
475,595
54,519
276,261
3,074
11,341
(D)
(D)
5,532
3,378
898
503
752
91,557
19,141
7,917
5,220
4,333
1,649
31,739
6,421
1,755
1,397
1,084
11,737.5
1,115.2
4,800.9
40.1
140.6
L
L
23.8
654.3
672.7
L
67.3
94.9
280.6
13.7
239.8
34.9
130.2
K
M
215.5
L
93.3
48.9
1,344.4
136.9
2,360.6
884.1
124.2
490.5
76.1
L
11.6
41.9
57.3
J
1,372.5
L
L
1,152.1
L
64.8
104.0
1.8
K
K
7.0
K
206.3
35.5
I
83.9
L
109.6
66.9
16.8
10.5
15.5
3,144.8
328.6
792.9
125.0
334.8
107.1
612.9
121.8
114.5
32.7
127.3
2,630
1,675
1,034
139.1
104.3
147.2
56.7
258,697
6,076
4,350.3
219.5
5,563
3. OPEC is the Organization of Petroleum Exporting Countries. In 2006, its members were Algeria, Indonesia, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. In 2007, Angola became a
member.
N ote . 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.
8 2
U .S .
M u lt in a tio n a l
C o m p a n ie s
A u g u s t
2 0 0 9
T a b le 1 7.1 . S e le c te d S ta tis tic s f o r M a jo r ity - O w n e d N o n b a n k F o r e ig n A ff ilia t e s b y C o u n tr y o f A ff ilia t e , 2 0 0 6
Millions of dollars
Sales
Total assets
Total
All countries..............................................
Canada..........................................................
Europe..........................................................
Austria
Belgium
Czech Republic..........................................
Denmark, .
Finland.......................................................
France
Germany....................................................
Greece.......................................................
Hungary.....................................................
Ireland.......................................................
Italy....
Luxembourg................................................
Netherlands................................................
Norway......................................................
Poland.......................................................
Portugal.....................................................
Russia
Spain.
Sweden......................................................
Switzerland.................................................
Turkey ........................................................
United Kingdom..........................................
Other.........................................................
Latin America and Other Western Hemisphere
South America............................................
Argentina................................................
Brazil.....................................................
Chile
Colombia................................................
Ecuador.................................................
Peru.......................................................
Venezuela...............................................
Other.....................................................
Central America..........................................
Costa Rica..............................................
Honduras..
Mexico
Panama
Other
.............................................
Other Western Hemisphere..........................
Barbados................................................
Bermuda................................................
Dominican Republic.................................
United Kingdom Islands, Caribbean...........
Other.....................................................
Africa...........................................................
Egypt.........................................................
Nigeria.......................................................
South Africa................................................
Other.
Middle East
Israel..
Saudi Arabia...............................................
United Arab Emirates..................................
Other.
Asia and Pacific
Australia.....................................................
China.
Hong Kong.................................................
India...........................................................
Indonesia
..............................................
Japan...........
Korea, Republic of.......................................
Malaysia
New Zealand
Philippines
Singapore
Taiwan.........
Thailand
Other.........................................................
Addenda:
European Union(25)2..................................
OPEC3.......................................................
11,301,182
842,480
7,175,067
31,907
249,021
12,929
33,549
18,495
265,056
470,235
9,294
28,899
426,558
131,310
745,567
996,161
60,789
21,880
35,519
14,887
143,971
110,608
396,241
8,315
2,885,972
77,906
1,505,060
240,019
37,143
112,949
24,879
13,488
3,137
14,731
29,282
4,411
164,090
6,557
1,526
144,714
6,550
4,743
1,100,950
27,555
594,802
3,669
346,572
128,352
131,550
11,099
27,974
13,312
79,166
71,692
22,795
6,717
6,905
35,275
1,575,332
214,579
83,680
193,899
25,720
38,691
545,410
34,646
4,169,002
492,917
2,177,263
19,503
99,566
13,545
15,051
13,729
186,865
283,043
6,941
15,278
185,243
112,939
14,170
169,942
36,954
23,506
10,602
18,529
81,257
51,834
186,611
18,803
581,073
32,278
477,908
197,213
27,278
106,501
14,792
14,147
3,023
10,446
16,973
4,053
164,930
4,421
2,561
147,867
3,478
6,603
115,765
7,287
58,531
4,133
25,702
20,112
79,115
6,846
16,377
20,827
35,066
32,493
10,538
2,233
10,033
9,687
909,307
100,139
96,078
83,267
20,702
19,438
187,985
47,174
43,269
10,157
11,392
21,482
14,029
198,640
38,510
39,670
52,445
211,170
84,562
41,242
17,649
6,628,029
1,893,732
152,583
77,120
MOFAs Majority-owned foreign affiliates
* Less than $500,000 (+/-).
D Suppressed to avoid disclosure of data of individual companies.
OPEC Organization of Petroleum Exporting Countries
9,015
Goods
3,339,030
407,916
1,724,605
16,845
86,618
12,199
11,327
11,762
152,747
244,318
5,962
12,539
142,556
95,082
7,403
139,245
33,478
21,385
8,883
16,821
69,917
45,228
164,107
18,030
378,682
29,470
376,900
163,054
23,131
89,162
9,905
12,761
2,654
9,080
12,870
3,491
146,064
4,221
2,528
131,272
2,614
5,427
67,782
5,886
32,608
3,481
12,741
13,065
69,862
6,231
(D)
18,496
(D)
26,268
8,683
1,384
9,094
7,107
733,480
73,752
87,305
63,074
15,996
17,827
121,510
39,366
41,052
9,124
11,727
Services
Investment
income1
Net
income
683,599
70,099
372,177
2,505
8,403
1,100
3,532
1,830
31,577
35,458
843
2,157
37,976
16,951
4,104
24,136
3,341
1,876
1,596
1,687
10,603
5,442
19,539
747
154,274
2,499
78,133
30,974
3,918
15,234
4,594
1,294
322
1,322
3,841
448
16,345
200
27
14,130
826
1,162
30,814
980
18,313
651
5,330
5,540
9,064
606
(D)
2,230
(D)
5,904
1,821
841
907
2,335
148,221
23,068
8,435
14,685
4,255
1,329
54,915
6,977
146,373
14,902
80,481
153
4,545
246
192
137
2,541
3,267
136
582
4,711
906
2,663
6,561
135
245
123
21
737
1,164
2,965
26
48,117
309
22,875
3,185
229
2,105
293
92
47
44
262
114
2,521
0
6
2,465
38
14
17,169
421
7,610
1
7,631
1,507
189
9
(D)
101
(D)
321
34
8
32
245
27,606
3,319
338
5,508
451
282
11,560
831
667,349
50,135
376,482
3,534
13,165
948
4,386
595
7,662
14,648
363
1,205
46,887
5,262
56,840
89,680
4,240
1,491
2,297
1,258
6,674
2,331
44,460
962
55,807
11,787
119,991
17,716
2,944
5,312
1,573
991
177
2,331
4,218
169
10,071
554
65
8,904
267
281
92,204
3,419
52,232
568
22,833
13,153
18,154
1,114
3,840
1,488
11,711
6,775
1,237
1,630
432
3,476
95,812
14,381
8,407
10,386
1,534
5,669
11,460
3,275
2,027
190
285
4,049
528
231
1,492
27,347
1,983
2,071
188,189
9,332
24,561
35,270
4,728
11,666
4,169
1,119
2,283
1,091
118
1,471,292
66,828
345,174
9,494
77,266
798
3,309
U.S.
Research U.S. exports
imports of
Capital
and
of goods
goods
expenditures development shipped to
shipped by
expenditures MOFAs
MOFAs
155,078
27,508
63,663
539
1,855
494
513
246
4,335
7,776
127
654
3,637
2,758
137
3,529
3,175
891
388
1,224
2,857
1,363
2,220
229
20,496
4,219
19,474
9,632
1,973
4,148
620
680
189
1,249
613
160
6,481
158
43
5,980
123
177
3,362
(D)
748
48
384
(D)
11,172
736
(D)
381
(D)
3,838
974
20
(D)
(D)
29,423
4,431
4,532
574
1,051
1,594
5,427
2,191
2,208
3,316
1,717
261
645
1,408
1,184
1,746
2,171
315,075
19,371
52,980
8,945
2,252
1. See footnote 1 to table 15.1
2. See footnote 1 to table 16.
3. See footnote 3 to table 16.
29,583
2,439
19,326
313
961
71
148
113
1,518
4,947
41
36
1,074
702
268
536
41
74
23
82
278
1,524
947
36
5,551
41
1,046
636
31
574
7
7
(*)
3
12
0
(D)
8
0
(D)
(*)
(*)
(D)
0
2
(*)
(D)
(D)
67
4
2
53
7
840
839
(*)
1
0
5,864
718
759
108
337
1
1
1,862
742
229,246
73,035
56,583
289
3,423
93
204
435
4,443
7,759
55
153
3,489
2,354
322
8,278
368
264
157
251
989
681
7,894
180
14,297
202
47,514
7,939
1,038
3,936
479
919
80
183
1,087
217
38,107
522
690
35,392
790
713
1,468
109
178
262
163
756
1,444
22
5
663
755
847
307
4
449
87
49,824
4,672
3,566
5,173
594
382
11,604
252
38
22
845
2,846
2,577
225
Value
added
285,631 1,001,206
97,387
108,051
68,152
546,313
258
5,342
2,785
21,584
230
3,612
316
6,168
420
3,239
5,106
50,136
6,611
82,932
3
2,977
503
3,416
18,887
46,821
2,392
30,187
1,350
(D)
5,020
28,973
577
16,889
232
6,577
124
4,194
2
4,101
760
17,275
4,744
10,886
4,685
23,402
89
5,779
14,240
154,997
15,476
(D)
107,121
60,509
7,392
53,941
836
9,823
2,529
24,346
439
4,787
3,848
(D)
686
(D)
1,346
4,280
888
5,478
692
(D)
47,449
32,304
1,427
1,272
663
596
44,924
28,273
599
(D)
1,564
(D)
5,668
20,876
3,180
(D)
13
6,735
265
1,254
3,436
(D)
5,239
6,272
3,088
42,332
2,857
(D)
13,513
(D)
395
5,483
2,304
20,479
2,187
13,176
1,323
3,859
361
(*)
3,636
(D)
5,320
(D)
54,307
184,213
2,490
37,821
5,533
18,489
7,928
10,232
564
5,483
212
11,836
1,459
38,328
2,666
10,923
7,911
14,909
Compensation
of employees
Thousands
of
employees
390,969
49,252
234,466
2,745
9,403
1,152
2,913
1,384
31,031
42,625
734
1,212
5,243
12,758
902
13,596
2,173
1,853
1,133
1,174
9,675
7,033
6,917
1,063
75,861
1,883
32,714
16,892
1,980
10,339
1,256
1,051
150
594
1,330
192
14,369
569
245
12,925
283
345
1,454
51
223
399
298
483
3,994
281
425
1,810
1,478
3,140
2,081
206
383
469
67,403
15,547
5,525
4,527
2,655
1,153
20,672
9,617.4
1,086.2
4,143.4
40.4
125.8
66.4
39.4
22.7
601.8
606.1
16.6
60.6
91.5
241.3
13.4
220.0
29.6
110.8
29.1
72.5
194.2
105.8
77.9
40.0
1,216.8
120.8
1,851.7
763.1
103.8
433.2
68.4
49.7
7.2
30.5
58.9
11.4
1,025.2
36.8
32.9
900.4
17.6
37.6
63.4
1.2
2.9
35.4
7.8
16.1
160.6
21.2
7.3
62.3
69.7
69.2
48.1
4.3
7.5
9.3
2,306.3
280.7
591.5
116.9
215.8
90.2
4,998
106.9
127.9
31.1
1,641
1,181
855
280.6
68
953
2,899
3,938
17,446
4,461
5,849
2,239
85.9
123
47
1,399
11,747
3,639
1,139
12,056
1,748
3,718
262
3
8,715
4,345
1,278
672
124.3
1
18,209
26
47,771
2,020
62,767
2,133
483,944
41,828
222,205
4,006
3,850.8
177.3
100.5
116.0
38.0
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
8 3
u s in e s s
T a b le 1 7.2 . S e le c te d S ta tis tic s f o r M a jo r ity - O w n e d N o n b a n k F o r e ig n A ff ilia t e s b y C o u n tr y o f A ff ilia t e , 2 0 0 7
Millions of dollars
Sales
Total assets
Total
All countries...............................................
Canada.........................................................
Europe..........................................................
Austria........................................................
Belgium
Czech Republic...........................................
Denmark.....................................................
Finland..
France..
Germany.....................................................
Greece..'......................................................
Hungary
Ireland..
Italy.....
Luxembourg.................................................
Netherlands................................................
Nora/ay.
Poland..
Portugal
Russia..
Spain....
Sweden......................................................
Switzerland.................................................
Turkey..
United Kingdom...........................................
Other..... 7...................................................
Latin America and Other Western Hemisphere
South America.............................................
Argentina.................................................
Brazil
Chile.......................................................
Colombia.................................................
Ecuador..................................................
Peru........................................................
Venezuela................................................
Other
Central America...........................................
Costa Rica...............................................
Honduras................................................
Mexico....................................................
Panama..................................................
Other......................................................
Other Western Hemisphere...........................
Barbados................................................
Bermuda.................................................
Dominican Republic.................................
United Kingdom Islands, Caribbean............
Other......................................................
Africa............................................................
Egypt.........................................................
Nigeria.
South Africa................................................
Other...
Middle East
Israel....
Saudi Arabia................................................
United Arab Emirates...................................
Other.........................................................
Asia and Pacific
Australia
China...
Hong Kong..................................................
India .......................................................
Indonesia....................................................
Japan..........................................................
Korea, Republic of........................................
Malaysia.....................................................
New Zealand...............................................
Philippines..................................................
Singapore...................................................
Taiwan.
Thailand......................................................
Other.........................................................
Addenda:
European Union(27)2...................................
OPEC3
........................................................
Investment
income1
Research U.S. exports U.S. imports
Capital
of goods
of goods
and
expenditures development shipped to shipped by
MOFAs
expenditures
MOFAs
13,180,221
964,240
8,466,519
4,736,009
537,033
2,488,777
3,802,171
443,652
1,977,462
763,484
76,253
416,823
170,354
17,128
94,492
765,240
48,525
441,220
169,074
25,497
73,504
35,019
2,729
23,142
247,642
75,236
66,164
35,100
288,904
15,333
36,900
21,389
323,954
552,104
10,679
38,633
559,308
147,913
863,595
1,180,344
67,504
29,058
41,044
20,337
177,482
119,041
438,981
11,576
3,391,268
96,073
22,240
117,545
15,860
16,604
13,190
214,413
313,905
8,152
21,164
222,482
127,723
14,813
188,706
41,548
28,527
11,711
28,118
95,281
57,534
238,939
22,319
625,442
42,562
19,354
100,842
14,177
12,551
11,139
175,057
269,432
7,004
17,527
178,071
106,853
8,609
151,310
37,120
25,837
9,457
25,658
81,932
50,553
208,066
21,228
406,770
38,914
2,723
10,962
1,433
3,875
1,911
36,223
40,248
995
2,830
37,278
19,622
2,864
29,456
4,216
2,352
2,122
2,422
12,139
5,541
28,221
1,013
165,053
3,325
163
5,741
250
178
140
3,133
4,225
153
807
7,133
1,248
3,340
7,940
212
338
132
38
1,210
1,440
2,652
78
53,619
323
3,747
14,964
840
3,990
1,041
12,071
15,905
430
2,119
68,270
5,182
65,331
97,665
5,485
1,947
3,217
2,794
8,855
7,107
49,585
1,441
53,812
15,421
685
2,472
684
762
474
4,936
11,533
169
949
4,449
2,907
153
3,656
3,365
1,771
399
1,603
2,462
1,477
2,252
449
20,555
5,340
455
1,197
102
151
169
1,698
5,970
35
40
1,513
668
304
730
46
80
81
100
475
1,555
1,160
54
6,522
36
304
3,769
113
204
406
5,244
8,658
114
228
4,890
2,557
305
11,136
414
318
169
472
1,190
840
9,677
159
14,695
302
372
4,438
484
318
297
6,793
7,658
4
585
21,732
2,945
73
4,716
817
245
180
3
1,123
5,109
6,559
177
15,817
86
1,702,327
541,548
428,625
88,029
24,894
148,747
22,371
1,151
52,441
316,074
40,038
164,224
30,167
15,029
3,096
16,878
40,316
6,325
193,326
6,822
1,567
170,372
8,618
5,948
1,192,927
29,323
677,581
4,945
334,073
147,005
229,282
31,492
126,839
16,825
16,166
3,264
11,026
19,209
4,461
183,758
5,437
3,105
163,511
4,032
7,674
128,508
8,006
65,674
4,574
27,871
22,382
190,395
27,286
106,412
10,301
14,384
2,891
9,857
15,514
3,750
162,033
4,998
3,049
144,425
2,999
6,562
76,197
6,423
38,108
3,635
13,177
14,854
34,525
3,864
17,724
6,084
1,603
320
1,117
3,226
589
18,795
440
49
16,214
995
1,096
34,710
1,183
19,358
939
7,507
5,722
4,362
342
2,703
440
179
53
52
469
122
2,930
-1
7
2,872
38
16
17,601
400
8,208
0
7,187
1,806
20,421
2,695
10,406
1,688
1,325
-87
2,019
2,115
260
11,634
594
63
10,214
436
328
116,693
3,507
64,238
369
29,314
19,266
11,335
2,297
6,191
763
707
121
681
426
148
7,766
115
59
7,338
109
146
3,270
799
64
629
48
16
3
(D)
20
(D)
342
(D)
0
316
1
10
(*)
2
(*)
0
8
9,274
1,147
4,347
713
1,008
70
254
1,472
263
41,380
661
1,078
37,574
1,066
1,001
1,788
117
225
466
196
784
150,872
86,769
77,288
9,232
249
19,688
65
1,325
13,438
32,111
16,241
89,083
8,084
17,643
21,436
39,606
7,317
756
11
(D)
(D)
(D)
18,821
2,501
114
(D)
668
15
3
625
682
38,941
(D)
7,717
3
3
53
5
81,288
(D)
30,556
1,418
3,752
1,379
13,139
26,438
8,591
7,301
38,958
13,138
3,089
10,692
12,022
10,724
1,827
9,521
8,484
2,384
1,251
1,133
2,948
1,814,975
1,042,941
844,588
282,479
106,798
215,655
39,597
52,760
571,076
59,315
42,901
12,061
21,922
244,296
95,996
46,273
23,845
130,264
117,748
93,339
28,053
21,248
185,303
54,806
47,167
11,443
14,833
243,168
40,688
42,706
12,175
97,079
105,872
69,211
21,370
19,205
121,542
45,675
44,427
8,869
12,755
229,423
25,729
37,735
5,697
7,852,303
211,644
2,131,648
97,236
1,660,859
84,753
MOFAs Majority-owned foreign affiliates
* Less than $500,000 (+/-).
D Suppressed to avoid disclosure of data of individual companies.
OPEC Organization of Petroleum Exporting Countries
Services
Goods
Net
income
(D)
632
116
363
(D)
10,854
645
(D)
520
(D)
8,663
(D)
4,376
948
893
30
11
38
590
1,337
2,243
502
4,581
1,155
69
156
2,996
946
(*)
2
0
265
3
566
58
165,429
32,924
98,397
32,472
6,984
28,446
11,445
17,507
5,896
1,649
51,820
8,020
2,472
2,269
1,791
11,865
12,164
3,788
6,298
4,739
431
6,621
787
394
11,941
1,111
268
305
287
1,880
2,795
1,183
180
14,142
10,122
10,385
2,287
6,386
9,806
3,924
4,144
529
1,529
27,282
2,803
3,170
1,889
5,606
4,805
701
1,382
2,264
4,747
2,013
2,163
198
525
2,552
955
1,415
3,146
1,083
1,141
96
449
13
1,980
995
396
53
45
578
98
55
3
379,350
11,019
91,439
1,464
368,224
25,562
61,321
11,856
21,779
38
1. See footnote 1 to table 15.1.
2. See footnote 2 to table 16.
3. See footnote 3 to table 16.
Value
added
312,405 1,117,585
101,107 116,180
80,530 610,921
Compensation
of employees
Thousands
of
employees
425,535
53,242
252,916
10,016.6
1,099.2
4,184.5
6,026
23,682
4,312
6,038
3,137
56,196
86,649
3,533
5,014
53,842
32,508
1,200
29,515
16,624
8,470
4,463
6,965
19,611
13,775
28,950
7,041
172,310
21,058
3,056
10,301
1,439
3,020
1,500
33,459
45,530
848
1,514
6,273
13,096
951
14,221
2,547
2,365
1,180
1,626
10,790
7,222
7,983
1,302
80,371
2,322
39.6
127.4
73.0
37.8
23.6
616.1
610.6
16.6
64.0
92.9
243.1
12.9
223.8
32.9
120.7
29.2
85.9
197.1
96.2
83.0
41.2
1,191.9
125.0
64,365
123,544
36,183
1,962.9
5,968
783
2,758
186
1,063
65,918
10,815
33,090
4,839
5,127
802
4,894
5,532
819
35,744
1,332
668
31,327
712
1,705
21,882
3,223
7,737
1,084
3,394
6,444
19,543
2,174
12,274
1,385
1,243
157
741
1,366
203
15,266
577
278
13,697
319
395
1,374
51
226
328
307
462
809.8
113.5
469.7
66.8
56.6
7.4
32.9
51.7
11.4
1,091.9
42.5
45.6
940.2
20.2
43.5
61.1
1.2
3.0
35.5
6.6
14.7
43,269
4,304
164.7
3,636
13,959
5,581
20,094
306
448
2,001
1,549
21.1
7.3
64.6
71.6
(D)
(D)
187
(D)
52,211
1,753
722
49,163
(D)
(D)
6,186
(D)
(D)
496
(*)
5,522
3,445
(D)
(D)
(D)
2,367
2,497
(D)
16,036
3,950
78.9
2
(*)
(D)
4,697
536
4,437
6,365
2,645
294
458
554
53.9
5.3
8.9
10.9
51,583
60,461
207,635
74,940
2,526.4
4,929
3,463
4,901
540
346
11,648
2,386
2,687
331
1,443
13,728
3,370
1,550
263
2,028
7,041
7,571
816
315
1,447
2,935
17,104
122
1,042
12,629
2,119
5,287
3
44,088
22,429
10,943
7,307
13,095
38,954
12,442
8,149
2,813
4,158
20,917
6,958
9,819
5,565
17,689
6,882
5,034
3,691
1,490
20,687
5,384
1,686
1,204
1,023
5,270
2,385
1,523
993
295.9
679.2
118.3
276.5
96.2
302.9
104.1
111.4
28.5
121.4
126.7
88.8
124.7
52.0
55,337
2,782
72,966
3,118
535,379
51,514
238,682
4,989
3,904.1
184.5
8 4
U .S .
M u lt in a tio n a l
C o m p a n ie s
A u g u s t
2 0 0 9
T a b le 18.1 . E m p lo y m e n t o f M a jo rity -O w n e d N o n b a n k F o r e ig n A ff ilia t e s , C o u n tr y b y I n d u s tr y o f A ff ilia t e , 2 0 0 6
[Thousands of employees]
Manufacturing
Finance
(except
Wholesale
depository
Information
Electrical
trade
institutions)
Primary
Computers
equipment, Transpor
and
and
and
Machinery
Food Chemicals
appliances,
tation
insurance
fabricated
electronic
and
equipment
metals
products
components
O f which:
All
Mining Utilities
industries
All countries
Canada..........
Europe..........
Austria........
Belgium.....................................................
Czech Republic..........................................
Denmark....................................................
Finland.......................................................
France........................................................
Germany....................................................
Greece.......................................................
Hungary.....................................................
Ireland.......................................................
Italy...........................................................
Luxembourg................................................
Netherlands................................................
Norway......................................................
Poland.......................................................
Portugal.....................................................
Russia.............................................. .........
Spain.........................................................
Sweden
Switzerland.................................................
Turkey
United Kingdom..........................................
Other..... 7..................................................
Latin America and Other Western Hemisphere
South America............................................
Argentina................................................
Brazil.....................................................
Chile......................................................
Colombia................................................
Ecuador..................................................
Peru.......................................................
Venezuela.
Other
Central America..........................................
Costa Rica
Honduras..
Mexico
Panama..................................................
Other.....................................................
Other Western Hemisphere..........................
Barbados................................................
Bermuda............
Dominican Republic.................................
United Kingdom Islands, Caribbean...........
Other................
Africa......................
Egypt.........................................................
Nigeria
South Africa................................................
Other
Middle East
Israel..........................................................
Saudi Arabia...............................................
United Arab Emirates..................................
Other.........................................................
Asia and Pacific............................................
Australia.....................................................
China
Hong Kong
India...........................................................
Indonesia...................................................
Japan.........................................................
Korea, Republic of.......................................
Malaysia....................................................
New Zealand..............................................
Philippines.................................................
Singapore..................................................
Taiwan.......................................................
Thailand.....................................................
Other.........................................................
Addenda:
European Union (25)1.................................
OPEC2.......................................................
* Fewer than 50 employees.
1. See footnote 1 to table 16.
2. See footnote 3 to table 16.
OPEC Organization of Petroleum Exporting Countries
Total
9,617.4
1,086.2
4,143.4
40.4
125.8
66.4
39.4
22.7
601.8
606.1
16.6
60.6
91.5
241.3
13.4
220.0
29.6
110.8
29.1
72.5
194.2
105.8
77.9
40.0
1,216.8
120.8
1,851.7
763.1
103.8
433.2
68.4
49.7
7.2
30.5
58.9
11.4
1,025.2
36.8
32.9
900.4
17.6
37.6
63.4
1.2
2.9
35.4
7.8
16.1
160.6
21.2
7.3
62.3
69.7
69.2
48.1
4.3
7.5
9.3
2,306.3
280.7
591.5
116.9
215.8
90.2
280.6
106.9
127.9
31.1
100.5
116.0
85.9
124.3
38.0
175.3
21.1
31.2
(*)
0.6
0.4
0.2
0.0
0.3
2.6
(*)
(*)
0.1
0.2
(*)
4.6
2.9
0.0
0.0
I
0.1
0.0
F
(*)
7.6
H
57.0
39.4
10.1
2.5
3.2
6.8
0.8
8.3
6.0
1.8
13.7
0.0
0.0
13.4
0.2
0.1
3.9
0.1
0.1
0.0
2.2
1.5
20.0
1.2
5.6
(*)
13.3
6.8
(*)
1.6
1.7
3.5
39.3
7.7
1.2
(*)
1.1
22.0
(*)
(*)
2.0
0.3
(*)
1.5
0.0
2.1
1.3
54.9 4,599.3
5.8 369.4
22.2 1,914.1
0.1
22.6
70.7
(*)
53.6
(*)
0.3
15.8
0.0
12.3
(*) 241.4
373.3
0.0
6.4
0.2
44.4
0.0
53.3
119.5
(*)
7.4
0.0
0.0
108.0
9.0
(*)
0.1
82.8
0.0
17.3
0.0
33.5
0.1
102.5
0.0
55.3
0.0
25.7
0.1
17.6
5.4 360.7
I
81.1
19.3 1,065.3
15.4 398.1
G
44.7
I 281.7
3.3
11.0
0.0
18.1
3.8
(*)
0.4
4.6
H
30.9
0.4
3.4
1.9 627.1
0.1
19.0
0.0
25.2
0.3 556.2
0.0
1.2
1.5
25.6
2.0
40.0
0.0
0.2
0.3
(*)
0.4
33.3
A
3.1
G
3.2
H
82.4
0.0
15.2
0.1
0.6
0.0
35.5
H
31.0
0.2
35.3
0.0
30.6
0.6
O
0.0
2.2
0.1
1.9
H 1,132.9
0.3 100.0
0.4 369.0
F
51.0
68.4
(*)
0.5
57.7
0.0
76.4
59.9
(*)
0.0
93.2
0.1
9.9
1.7
59.1
60.4
(*)
0.0
27.5
89.2
(*)
0.2
11.2
404.4
38.4
137.0
1.7
7.1
0.6
0.9
0.0
15.9
12.3
1.6
1.8
2.0
3.8
0.0
18.1
0.9
17.1
1.9
9.3
7.6
G
1.7
G
24.6
5.2
135.5
68.1
9.2
43.8
G
3.9
0.7
1.4
5.6
G
65.7
2.3
2.3
57.8
0.3
3.0
1.6
(*)
0.0
G
0.1
A
9.0
3.4
0.0
2.6
3.1
G
G
0.0
(*)
0.0
L
17.6
21.9
0.2
2.9
I
0.7
1.1
1.0
H
10.7
0.4
0.7
14.8
G
584.4
42.5
276.2
1.9
16.8
2.2
1.2
1.2
36.5
39.3
1.8
0.7
11.4
30.4
0.8
28.3
0.8
4.0
2.4
3.6
16.0
4.9
7.8
5.2
54.3
4.8
115.0
70.2
11.0
40.9
4.0
4.0
0.8
1.7
7.2
0.5
41.7
3.7
0.4
34.4
0.6
2.7
3.2
0.1
0.1
2.0
(*)
1.1
8.4
1.3
0.3
5.3
1.4
2.9
2.3
0.2
0.2
0.1
139.4
13.4
43.8
1.9
10.3
7.4
27.0
4.1
4.1
1.6
5.5
5.3
3.9
8.2
2.7
238.2
21.6
144.1
0.5
3.8
2.5
0.7
0.5
15.0
22.0
0.3
4.0
0.9
8.8
0.6
8.7
0.7
5.4
0.6
I
7.2
2.5
0.8
0.2
25.1
K
33.0
14.0
0.5
11.4
0.3
0.6
O
0.2
0.9
0.1
18.5
0.3
0.1
18.0
(*)
0.1
0.5
(*)
(*)
0.1
(*)
0.4
2.4
0.4
O
1.2
0.8
0.1
0.0
0.0
0.1
(*)
37.1
9.9
18.8
1.2
1.8
0.0
1.1
0.9
0.2
0.2
0.1
0.3
0.9
1.5
0.3
370.5
20.2
202.6
3.0
8.0
4.0
5.0
2.9
30.9
41.9
0.2
2.1
1.6
18.2
0.1
10.3
2.5
1.8
1.9
H
5.8
4.8
3.1
0.1
46.2
H
53.9
30.1
1.5
24.9
F
0.4
(*)
(*)
H
0.0
23.6
0.0
(*)
23.6
0.0
(*)
0.2
(*)
0.2
0.0
0.0
0.0
3.8
G
0.1
2.5
A
5.2
4.3
0.2
0.8
(*)
84.7
8.5
35.7
2.0
16.5
0.4
4.2
5.8
1.1
0.7
0.4
4.8
1.5
3.1
(*)
689.4
19.7
171.1
2.4
1.3
8.4
1.2
3.2
21.1
33.7
(*)
5.5
18.7
8.8
0.0
7.4
0.6
3.2
0.6
G
5.1
H
3.9
0.1
36.6
H
105.1
14.9
0.8
13.6
0.2
0.2
(*)
(*)
(*)
0.1
90.2
I
0.0
81.9
(*)
H
(*)
(*)
(*)
0.0
(*)
(*)
0.4
(*)
(*)
0.3
(*)
18.1
17.6
0.2
0.3
0.0
374.9
3.1
134.7
6.2
9.0
0.7
21.9
16.8
72.0
0.6
28.5
36.4
13.0
32.0
(*)
253.1
8.6
108.8
0.5
3.0
5.0
0.4
0.3
9.8
23.9
0.0
J
1.5
9.8
0.0
3.1
(*)
4.8
0.1
0.8
8.4
0.7
1.7
(*)
17.5
H
62.3
17.1
0.2
16.2
(*)
0.3
0.0
0.0
0.4
0.0
45.2
1.5
0.0
43.7
0.0
(*)
0.0
0.0
0.0
0.0
0.0
0.0
2.4
0.3
0.0
2.1
0.0
0.6
0.6
0.0
(*)
0.0
70.4
3.6
42.5
6.7
1.8
G
2.4
0.9
H
0.4
4.2
2.3
0.2
0.9
0.0
960.3
98.4
449.0
7.2
14.7
24.2
0.1
0.3
39.5
124.3
0.0
13.0
1.0
19.4
(*)
8.4
0.2
28.7
7.6
1.1
35.0
28.8
0.7
4.1
71.6
19.1
283.9
89.0
9.6
68.1
0.4
G
F
0.0
8.4
(*)
194.8
0.0
H
M
0.0
0.1
0.1
0.1
0.0
0.0
0.0
0.0
21.0
0.0
0.0
13.6
7.4
3,850.8
177.3
16.8
40.5
15.4 1,784.5
3.9
92.1
119.3
11.6
256.0
15.3
125.1
1.0
191.0
4.0
161.8
1.2
106.2
1.6
Pro
fessional,
scientific, Other
and
industries
technical
services
(*)
0.0
(*)
0.0
0.0
108.1
19.1
22.4
(*)
12.3
1.1
6.0
25.0
1.6
(*)
I
3.8
2.5
7.5
G
753.6
74.5
397.3
7.7
14.2
3.8
5.0
4.1
53.6
70.8
4.0
2.4
6.7
24.8
0.1
28.2
3.9
6.3
4.2
5.4
20.9
9.3
28.0
17.9
70.4
5.7
70.2
42.0
3.4
20.7
3.8
3.6
0.9
5.8
2.7
1.1
26.3
0.4
0.2
23.0
1.3
1.4
2.0
0.1
0.6
0.5
0.1
0.6
14.3
1.3
0.3
9.5
3.2
3.2
1.6
0.4
1.1
0.1
194.1
26.3
28.4
18.5
22.6
2.1
38.1
8.9
7.0
2.4
3.5
14.6
12.0
7.1
2.6
340.9
20.6
177.5
1.7
5.0
1.0
0.9
0.8
14.0
13.7
0.2
4.1
6.1
10.7
1.7
9.8
0.5
1.7
1.2
0.6
6.5
2.5
3.7
0.2
88.3
2.5
53.5
30.9
4.5
17.9
4.2
0.6
0.2
1.4
1.0
1.1
18.5
0.2
(*)
17.4
(*)
0.8
4.1
(*)
(*)
0.4
0.4
3.3
3.2
0.1
(*)
2.1
0.9
3.6
2.8
0.1
0.5
0.2
82.6
23.1
7.5
3.9
24.3
0.4
9.9
2.4
0.8
2.9
0.6
4.8
1.4
0.4
0.1
296.8
26.2
124.0
0.4
3.4
1.2
0.4
0.4
7.6
9.9
1.7
0.4
3.2
5.3
1.7
5.0
0.7
1.1
0.7
0.4
4.9
1.6
1.8
0.5
70.7
0.9
29.2
14.8
4.4
5.5
1.6
1.4
0.1
0.2
G
A
12.0
0.0
0.1
11.0
0.4
0.5
2.4
(*)
1.2
0.0
0.6
0.6
2.9
0.4
0.0
0.7
1.8
1.4
0.6
0.1
0.5
0.4
113.1
13.6
3.9
9.7
7.2
2.6
42.1
5.5
2.1
1.4
3.4
4.4
11.1
5.1
1.0
587.3
55.5
283.8
3.0
9.7
2.1
10.7
3.5
22.0
37.6
0.6
4.3
3.8
18.5
0.7
15.9
1.6
4.9
1.5
2.6
15.0
5.8
6.0
0.9
109.8
3.3
37.3
22.0
3.4
14.8
1.4
0.9
(*)
0.6
0.8
0.1
14.9
2.8
(*)
11.6
(*)
0.5
0.4
0.2
0.1
(*)
0.1
(*)
3.5
0.1
(*)
3.0
0.3
8.3
6.1
0.4
0.7
1.0
198.9
27.8
11.3
8.8
70.8
0.6
36.6
5.6
2.6
2.7
16.4
9.7
3.6
2.3
0.1
2,809.3
513.1
1,193.4
4.8
22.3
4.3
6.1
1.6
263.0
L
3.6
5.0
18.2
62.3
1.7
48.4
11.0
13.9
4.2
J
44.1
31.2
J
2.8
503.8
J
519.9
200.6
K
L
40.0
18.4
1.4
9.3
13.0
H
310.8
14.2
7.4
267.5
14.4
7.3
8.6
0.5
0.6
0.9
G
I
K
2.9
0.6
11.5
J
10.4
6.5
0.9
1.0
2.1
M
81.9
169.8
J
21.4
4.3
77.4
24.6
20.4
11.4
15.6
20.5
30.1
18.3
21.5
429.8
9.6
339.0
6.8
170.6
2.3
120.2
4.4
271.4
3.4
1,132.8
23.8
Note. 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.
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
8 5
u s in e s s
T a b le 1 8.2 . E m p lo y m e n t o f M a jo r ity -O w n e d N o n b a n k F o re ig n A ff ilia t e s , C o u n tr y b y In d u s tr y o f A ff ilia t e , 2 0 0 7
[Thousands of employees]
Manufacturing
Finance
(except
depository
Wholesale
Information
Electrical
trade
institutions)
Primary
Computers equipment, Transpor
and
and
and
Machinery
appliances,
tation
Food Chemicals
insurance
fabricated
electronic
and
equipment
metals
products
components
O f which:
All
Mining Utilities
industries
All countries...................................... 10,016.6
Canada.........................................................
1,099.2
Europe.........................................................
4,184.5
Austria.......................................................
39.6
Belgium.....................................................
127.4
Czech Republic..........................................
73.0
Denmark
37.8
Finland.
23.6
France.
616.1
Germany
610.6
Greece.
16.6
Hungary
64.0
Ireland.......................................................
92.9
Italy....
243.1
Luxembourg................................................
12.9
Netherlands
223.8
Norway
32.9
Poland.
120.7
Portugal
29.2
Russia.......................................................
85.9
Spain.........................................................
197.1
Sweden.....................................................
96.2
Switzerland................................................
83.0
Turkey........................................................
41.2
United Kingdom..........................................
1,191.9
Other.........................................................
125.0
Latin America and Other Western Hemisphere 1,962.9
South America............................................
809.8
Argentina...............................................
113.5
Brazil.....................................................
469.7
Chile......................................................
66.8
Colombia................................................
56.6
Ecuador.................................................
7.4
Peru.......................................................
32.9
Venezuela...............................................
51.7
Other
11.4
Central America
1,091.9
Costa Rica
42.5
Honduras
45.6
Mexico
940.2
Panama.................................................
20.2
Other.....................................................
43.5
Other Western Hemisphere..........................
61.1
Barbados...............................................
1.2
Bermuda................................................
3.0
Dominican Republic................................
35.5
United Kingdom Islands, Caribbean...........
6.6
Other.....................................................
14.7
Africa...........................................................
164.7
21.1
Egypt.........................................................
Nigeria.......................................................
7.3
South Africa................................................
64.6
Other.........................................................
71.6
Middle East..................................................
78.9
Israel.........................................................
53.9
Saudi Arabia...............................................
5.3
United Arab Emirates..................................
8.9
Other.........................................................
10.9
2,526.4
Asia and Pacific............................................
Australia.....................................................
295.9
China..
679.2
Hong Kong
118.3
India..........................................................
276.5
Indonesia
96.2
Japan..
302.9
Korea, Republic of.......................................
104.1
111.4
Malaysia....................................................
New Zealand..............................................
28.5
Philippines.................................................
121.4
126.7
Singapore..................................................
Taiwan.......................................................
88.8
Thailand.....................................................
124.7
Other.........................................................
52.0
Addenda:
European Union (27)1.................................
3,904.1
OPEC2.......................................................
184.5
* Fewer than 50 employees.
1. See footnote 2 to table 16.
2. See footnote 3 to table 16.
OPEC Organization of Petroleum Exporting Countries
186.9
22.1
35.2
(*)
0.6
0.0
0.2
0.0
0.3
3.0
(*)
(*)
0.1
0.2
(*)
4.9
3.5
0.0
0.0
5.4
0.1
0.0
G
(*)
10.4
I
51.1
33.1
5.3
2.9
3.3
6.0
0.7
8.6
4.6
1.7
14.3
0.0
0.0
14.1
0.2
0.1
3.6
0.1
0.1
0.0
1.9
1.5
21.5
1.4
5.3
(*)
14.7
7.1
(*)
1.8
G
H
49.9
12.0
1.4
(*)
1.2
27.4
(*)
(*)
2.0
0.3
(*)
1.6
0.0
2.3
1.6
19.9
50.3
Total
Pro
fessional,
scientific, Other
and
industries
technical
services
45.3 4,682.8 428.8
4.7
361.4 36.7
20.8 1,906.5 135.8
22.9
0.0
1.6
69.2
7.1
n
57.1
0.1
0.5
16.5
1.3
0.3
12.4
0.0
0.0
225.6 15.3
(*)
372.3 12.5
I
6.2
1.5
0.0
1.2
0.2
45.5
1.7
0.0
54.9
0.2
117.0
3.6
0.0
6.8
0.0
108.9 17.8
0.0
9.7
(*)
(*)
90.2 17.2
0.1
17.1
1.9
0.0
43.2 12.6
0.0
100.8
8.2
0.1
54.5
1.4
0.0
29.1
0.0
1.6
18.8
2.1
0.1
346.2 21.8
5.2
I
81.5
4.8
13.0 1,108.3 151.1
419.5 83.4
10.8
48.4 10.3
G
294.3 54.2
I
11.2
3.1
G
19.2
0.0
3.9
0.7
3.9
(*)
1.4
0.2
5.3
33.5
0.0
9.3
3.6
G
O
1.7
649.3 66.1
22.2
0.1
2.3
36.4
2.4
0.0
558.5 57.1
0.2
1.2
0.3
0.0
1.4
31.0
3.9
0.4
39.5
1.6
0.2
0.0
(*)
0.3
0.0
(*)
32.9
G
0.3
2.4
0.1
0.1
A
3.8
0.0
H
80.7
8.9
14.0
3.6
0.0
0.9
0.0
(*)
35.8
2.9
0.0
H
30.0
2.5
37.0
G
0.2
32.1
G
0.0
0.7
0.0
(*)
2.3
0.2
0.0
2.0
0.1
0.0
L
H 1,188.9
101.3 19.7
0.3
402.8 24.5
0.5
F
48.3
0.2
92.9
5.1
(*)
54.9
H
0.6
79.2
0.0
0.6
1.1
59.8
(*)
81.4
0.9
0.0
8.8
G
0.1
F
70.2
J
0.4
63.3
(*)
27.2
0.0
0.6
84.8 12.7
(*)
14.0
0.2
G
615.3
41.5
284.5
2.5
17.3
3.1
1.3
1.2
36.5
42.9
1.9
1.2
14.6
28.6
0.8
27.1
0.8
4.2
2.4
4.5
17.5
4.5
8.4
5.4
51.8
6.1
121.7
74.5
11.8
41.7
4.5
5.4
0.8
1.9
7.9
0.5
43.5
3.7
0.4
36.1
0.6
2.8
3.6
0.1
0.1
1.9
(*)
1.5
7.9
1.1
0.7
4.5
1.6
3.1
2.5
0.2
0.3
0.1
156.6
13.1
47.5
2.0
20.8
7.4
26.8
4.7
5.1
1.4
5.5
6.6
4.0
8.8
2.9
229.7
27.1
137.2
0.6
3.6
2.4
0.7
0.2
15.5
19.0
0.3
4.0
0.9
6.5
0.2
8.8
G
5.5
0.6
I
7.1
2.5
0.8
0.2
24.6
22.8
25.9
12.3
0.4
10.7
0.1
0.6
(*)
0.2
0.2
0.1
12.9
0.1
0.0
12.8
(*)
0.1
0.7
(*)
(*)
0.1
(*)
0.6
2.0
0.4
0
1.2
0.5
0.4
0.3
0.0
0.1
(*)
37.2
9.9
19.9
0.7
G
0.0
1.5
1.4
0.1
0.2
0.1
0.3
1.0
0.9
A
396.3
19.7
218.2
3.2
8.4
4.0
5.3
3.0
31.5
49.0
0.2
2.3
1.6
20.2
0.1
10.0
2.4
2.1
1.1
I
6.2
5.5
3.0
0.1
48.7
H
55.8
31.3
1.6
25.9
1.0
A
(*)
(*)
G
0.0
24.3
0.0
(*)
24.2
0.0
(*)
0.2
(*)
0.2
0.0
0.0
0.0
3.9
G
0.1
2.6
A
5.6
4.6
0.2
0.8
(*)
93.2
8.4
40.5
2.0
18.4
0.4
5.1
5.9
1.5
0.7
0.4
5.3
1.6
3.1
(*)
695.9
18.4
177.3
2.6
1.0
9.3
1.3
3.1
22.7
34.2
(*)
6.5
19.0
8.8
0.0
7.8
0.8
3.5
1.3
G
5.1
3.8
5.0
0.2
34.9
I
111.3
16.6
0.7
15.4
0.2
0.2
(*)
(*)
(*)
0.1
94.6
I
0.0
86.3
(*)
H
(*)
(*)
(*)
0.0
(*)
O
0.5
(*)
(*)
0.4
(*)
17.7
17.4
0.2
(*)
0.0
370.6
3.2
140.3
4.4
11.4
0.7
24.2
16.5
59.2
0.7
26.2
36.7
12.8
33.9
0.3
243.9
8.4
97.2
0.7
2.4
4.5
0.4
0.3
9.5
21.3
0.0
J
0.9
8.7
0.0
2.7
(*)
4.8
0.1
0.3
6.0
0.6
2.0
(*)
16.3
H
61.4
16.2
0.2
15.3
O
0.3
0.0
0.0
0.5
0.0
45.2
1.3
0.0
43.8
0.0
(*)
0.0
0.0
0.0
0.0
0.0
0.0
2.3
0.3
0.0
2.0
0.0
0.6
0.6
0.0
O
0.0
73.9
3.5
42.1
6.1
3.3
G
2.5
0.9
H
0.5
I
2.3
0.2
0.9
0.0
973.0
96.1
446.6
6.4
13.9
25.7
0.1
0.3
36.5
120.5
0.0
14.0
0.5
18.8
n
10.4
0.2
32.9
7.5
1.3
32.9
27.6
0.7
4.1
69.5
22.8
290.2
90.7
10.9
69.0
0.6
G
G
0.0
7.2
(*)
199.4
0.0
I
194.2
0.0
A
0.1
0.1
0.0
0.0
0.0
0.0
21.2
0.0
0.0
13.3
7.9
G
G
(*)
0.0
0.0
M
16.7
27.5
(’ )
J
1.1
6.3
24.6
1.3
0.4
I
4.6
2.6
7.9
0.6
775.5
80.7
398.9
6.9
15.0
3.6
5.2
3.8
57.1
70.6
4.1
2.3
7.0
24.3
0.1
24.9
3.3
10.0
3.4
5.1
20.3
9.1
28.8
17.3
70.0
6.5
74.9
45.2
3.8
22.8
4.0
3.7
0.9
6.0
2.9
1.1
27.5
0.4
0.6
23.5
1.5
1.4
2.2
0.2
0.6
0.5
0.1
0.8
13.0
1.4
0.3
8.1
3.2
4.2
2.1
0.4
1.6
0.1
203.7
25.9
38.0
16.6
27.5
2.0
34.1
8.7
7.2
2.1
3.3
15.8
12.3
7.5
2.6
354.5
21.9
173.2
1.7
5.3
0.9
0.8
0.9
10.8
13.8
0.2
5.5
5.6
11.4
1.7
10.9
0.8
1.2
1.4
0.6
6.4
2.4
3.9
0.3
82.8
4.0
59.0
34.1
5.2
18.6
4.8
1.4
0.2
1.7
1.2
1.1
20.3
0.2
(*)
19.2
(*)
0.8
4.7
(*)
(*)
0.9
0.4
3.4
2.8
0.1
(*)
1.8
0.9
4.3
3.1
0.1
0.8
0.2
93.2
23.5
9.4
4.0
29.0
0.4
13.7
2.3
0.8
G
0.6
5.0
1.9
0.4
A
318.1
29.0
130.9
0.4
3.4
G
0.3
0.4
7.8
9.8
1.9
0.4
2.7
4.3
1.7
5.6
0.9
1.4
0.6
0.4
5.2
1.6
2.0
0.7
75.8
G
31.5
16.7
5.8
5.4
1.5
1.5
0.1
0.3
1.5
0.5
12.0
0.0
0.1
11.1
0.4
0.5
2.8
(*)
1.5
0.0
0.6
0.6
2.9
0.3
0.0
0.8
1.8
1.6
0.6
0.1
0.5
0.4
122.2
14.9
H
10.0
8.1
H
44.8
5.6
2.4
1.4
G
6.0
12.7
5.3
1.0
621.8
57.4
278.6
2.9
9.5
2.9
10.0
3.4
24.3
37.7
0.7
5.3
5.9
17.6
0.8
15.4
1.8
4.1
1.4
2.9
14.4
5.7
6.4
0.5
101.0
4.1
45.1
27.5
4.3
18.8
2.1
0.9
(*)
0.5
0.7
0.2
17.0
H
(*)
12.8
(*)
A
0.5
0.2
0.1
O
0.2
0.1
4.7
0.5
O
3.9
0.3
10.2
7.0
G
1.1
G
225.8
29.3
11.8
9.1
91.8
0.6
36.7
5.6
3.2
2.9
18.9
9.6
3.6
1.7
1.1
3,031.6
522.0
1,240.3
4.7
24.4
I
4.5
2.7
290.1
L
3.5
4.8
16.6
67.9
1.8
53.2
12.9
13.8
5.3
28.3
49.8
22.9
J
3.3
500.6
J
580.0
222.8
K
M
36.7
23.8
1.4
10.3
7.2
3.3
349.7
J
8.4
300.8
16.9
I
7.5
0.5
0.4
1.0
1.0
4.6
K
3.3
0.7
14.2
J
14.3
8.9
F
G
H
M
88.8
M
K
25.9
I
94.4
22.1
14.4
J
24.9
25.5
31.1
22.7
K
15.4
0.7
263.8
16.5
119.6
0.3
205.6
4.0
169.9
1.0
94.8
1.6
439.9
8.3
341.5
7.5
167.6
2.8
126.6
4.9
266.7
4.4
1,175.9
21.4
1,790.5 118.0
92.5 14.3
N ote. 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.
8 6
U .S .
M u ltin a tio n a l
C o m p a n ie s
A u g u s t
2 0 0 9
T a b le 19.1 . V a lu e A d d e d o f M a jo rity - O w n e d N o n b a n k F o r e ig n A ff ilia t e s , C o u n tr y b y In d u s tr y o f A ff ilia t e , 2 0 0 6
[Millions of dollars]
Manufacturing
Finance
(except
Wholesale
depository
Information
Electrical
trade
institutions)
Primary
Computers
equipment, Transpor
and
and
and
Machinery
appliances,
tation
Food Chemicals
insurance
fabricated
electronic
and
equipment
metals
products
components
O f which:
All
Mining
industries
Utilities
Total
All countries....................................... 1,001,206 140,985 11,788 455,675 28,519
Canada..........................................................
108,051 17,033
653 50,923 3,773
Europe..........................................................
546,313 40,391 4,121 273,959 15,244
Austria.......................................................
5,342
2
27
2,692
341
Belgium.....................................................
21,584
16
834
(*) 12,535
Czech Republic..........................................
3,612
2,527
6
2
16
Denmark....................................................
6,168
1,633
41
1,605
92
Finland.......................................................
3,239
0
0
1,338
0
France........................................................
50,136
44
(*) 27,130 1,419
Germany....................................................
82,932
1,561
(D) 54,888 1,985
2,977
2
107
Greece.......................................................
0
2,161
Hungary.....................................................
2
3,416
76
1,970
115
Ireland.......................................................
46,821
157
0 27,046
359
Italy............................................................
30,187
26
31 19,291
620
Luxembourg................................................
1,350
1
773
0
(*)
Netherlands................................................
28,973
935
3 16,792 2,460
Norway......................................................
16,889 12,410
1 2,456
129
Poland.......................................................
6,577
0
1 4,984
531
Portugal.....................................................
4,194
0
2,768
109
(*)
Russia.......................................................
2,402
4,101
603
(D)
(*)
Spain.........................................................
24
17,275
-43 10,364
665
Sweden......................................................
10,886
0
0
6,053
(D)
Switzerland.................................................
23,402
0
6,523
224
(D)
Turkey ........................................................
5,779
38
4,352
(D)
(*)
154,997 13,732 2,250 59,213 4,032
United Kingdom..........................................
Other.........................................................
15,476
4,095
203
(D)
(D)
Latin America and Other Western Hemisphere 107,121 18,862 4,493 47,730 5,754
South America............................................
53,941 12,378 3,741 26,130 3,076
Argentina................................................
9,823
3,973
4,238
815
(D)
Brazil.....................................................
24,346
191
(D) 16,466 1,665
Chile......................................................
4,787
1,694
832
749
(D)
Colombia................................................
1,182
1,347
3,848
0
169
Ecuador..................................................
267
11
262
686
23
Peru.......................................................
4,280
3,343
86
288
35
Venezuela...............................................
5,478
1,489
2,585
229
(D)
Other
692
24
194
239
(D)
Central America..........................................
32,304
2,010
354 19,124 2,594
Costa Rica
1,272
1,052
42
-8
(*)
Honduras..
596
0
0
265
34
Mexico
28,273
1,989
122 17,213 2,412
Panama
599
13
2
43
3
Other
.............................................
1,564
7
238
551
103
Other Western Hemisphere..........................
20,876
4,475
398
2,476
83
Barbados................................................
140
14
3,180
0
(*)
Bermuda.................................................
344
306
0
6,735
(*)
Dominican Republic.................................
1,254
1,040
0
119
(D)
United Kingdom Islands, Caribbean...........
474
14
3,436
190
(D)
Other
3,657
6,272
800
(D)
(D)
Africa............................................................
42,332 33,148
(D) 3,217 259
Egypt.................................................................
Nigeria.......................................................
South Africa....... ........................................
Other.
Middle East
Israel..........................................................
Saudi Arabia...............................................
United Arab Emirates..................................
Other.........................................................
Asia and Pacific............................................
Australia.....................................................
China.
Hong Kong.................................................
India...........................................................
Indonesia...................................................
Japan.
Korea, Republic of.......................................
Malaysia....................................................
New Zealand..............................................
Philippines........................................................
Singapore..................................................
Taiwan.......................................................
Thailand.....................................................
Other.........................................................
Addenda:
European Union (25)1.....................................
OPEC2.......................................................
86,816
5,933
53,567
18,581
2,243
11,354
28,180
1,893
19,329
48,008
1,333
21,754
12,505
715
8,026
62,539
12,476
33,557
139,494
9,383
87,026
40,565
2,157
27,255
34,671
1,293
11,429
57,154
4,748
34,137
120,874
21,859
67,996
242
4,339
188
131
267
4,976
6,135
362
75
11,622
3,634
163
4,921
123
354
232
495
2,789
589
2,725
482
8,349
372
44
285
73
80
95
1,451
2,221
-35
205
45
844
43
575
110
196
17
348
711
133
420
336
3,296
4,459
15
93
141
1,815
6
968
255
93
135
312
109
133
155
165
2,111
4,348
6
272
8,090
842
0
984
86
123
26
44
331
96
42
42
886
2,605
0
788
1,455
809
11
18
2,934
11,055
0
325
52
1,002
(*)
1,569
23
920
253
47
2,716
3,176
120
186
5,787
311
1,522
3,971
354
866
1,145
7,242
10,573
541
345
4,612
4,655
328
4,361
652
599
694
648
2,856
2,233
12,739
1,206
23,634
1,250
286
525
90
141
115
1,667
2,194
21
282
4,334
1,102
202
1,516
100
148
132
26
509
238
842
39
12,663
82
72
200
-21
52
(*)
1,369
666
117
28
490
431
-145
-115
80
317
21
23
219
94
319
28
6,880
305
391
1,161
117
1,376
427
2,644
4,158
46
297
1,097
2,054
61
2,233
205
257
232
168
1,406
918
1,101
37
13,643
107
350
3,177
536
454
213
10,041
9,771
13,837
3,332
4,245
2,554
1,785
255
973
316
13
3
76
63
86
1,281
10
(*)
1,250
4
17
267
8
62
5
151
41
408
152
259
-38
57
-11
22
629
0
3
603
7
17
3,208
259
1,388
0
1,274
287
1,647
118
1,120
84
37
4
34
248
3
686
58
(*)
613
7
8
221
3
199
(*)
13
7
(D)
255
673
0
288
3
98
4
9
545
56
394
(D)
88
417
9,085
2,596
130
3,248
985
271
348
(D)
(D)
(D)
1,179
271
72
19
2,119
664
440
768
3
3,967
255
640
3
2,754
1,335
10,519
(D)
1,592
(D)
2,213
(D)
2,484
(D)
1,494
6,315
981
3,844
274
359
50
118
662
28
3,782
195
12
3,469
36
70
422
3
21
153
4
240
985
57
836
18
6
-3
22
50
-1
491
30
4
457
(*)
1
116
(*)
(*)
4
39
73
1,325
80
1,125
738
9
695
(*)
4
0
0
30
0
756
77
0
678
0
1
0
0
0
0
0
0
4,650
393
3,507
23
0
665
28
629
3
3
1
1
1
2
1,502
(D)
0
1,240
(*)
(D)
317
120
185
0
12
0
(D)
0
473
3
5,118
0
(D)
(D)
0
O
3
3
0
0
0
0
4,963
336
2,283
754
653
116
375
260
186
2,283
7
67
1,761
80
370
6,590
2,295
2,402
72
1,372
449
692
94
215
68
92
851
1,350
193
233
241
(D)
(D)
7
3
161
22
21
103
109
(*)
9
-6
232
6
75
33
2,079
(D)
(D)
14
1
3
(D)
(*)
785
0
(*)
784
0
1
103
(*)
102
0
1
(D)
1
(D)
(D)
(D)
(D)
1,939
1,350
(D)
79
22,982
(D)
12,068
2,890
(D)
(D)
397
558
35
57
311
(D)
5,938
154
262
4,722
443
357
3,240
475
2,035
17
(D)
(D)
2,857
13,513
5,483
20,479
2,330
13,284
65
17,470
0
52
0
(D)
258
79
2,077
803
44
0
78
137
66
16
497
112
8
-1
44
43
4
172
(D)
11
9
46
3
5
0
87
0
0
0
768
82
157
68
766
360
13,176
7,531
159
2,867
(D)
313
9
441
1,210
45
-6
494
561
233
934
396
3,859
361
88
175
0
1
2,071
71
(D)
0
131
28
0
0
1,145
41
41
0
0
-6
193
48
476
10
43
738
250
20
41
3,636
5,320
184,213
2,857
4,411
24,020
0
158
310
415
76,979
6
0
<D
)
151
2
15,792
8
1
3,289
363
8
69
23
0
21,158
4
0
2,134
0
0
5,891
236
17
27,403
68
6
7,066
74
96
79
17,237
37,821
18,489
6,698
1,701
14,510
12,346
1,652
546
1,768
3,166
2,455
732
1,378
2,734
297
1,941
99
1,825
24
3,537
802
49
104
7,611
33
5,441
215
-34
3,821
154
51
709
707
2
580
2
816
1,931
10,636
171
39
411
663
11
1,722
217
62
186
28
2,723
64
(D)
74
221
530
219
830
1,126
1,940
2,736
11,807
6,644
4,301
814
81
43
665
7
(*)
257
0
-3
1,128
157
302
16
438
5,572
1,740
1
111
8,622
4
1
362
32
86
-7
250
4,178
446
273
10,232
5,483
11,836
38,328
39
75
(D)
0
2,678
4,405
403
122
210
158
868
381
186
412
623
939
378
139
6
493
2,675
10,981
32,595
64,829
320
466
415
10,923
7,911
2,899
3,938
2,674
69
8,715
393
282
(*)
2,725
4,345
736
483,944
18,153
32,743
17,446
5,849
41,828
* Less than $500,000 (+/-).
D Suppressed to avoid disclosure of data of individual companies.
OPEC Organization of Petroleum Exporting Countries
Pro
fessional,
scientific, Other
and
industries
technical
services
(D)
(*)
12
64
(D)
40
197
(D)
3,902 256,108 13,958
302
830
6,173
4,768
570
225
178
381
2,632
532
97
95
12
23
1
15
33
63
1
4,090
241
5
2,349
(D)
419
479
1,828
117
43
(D)
40
3,560
97
22
837
509
5,346
971
1,004
45
92
132
498
103
22
1
49,496
10,864
1,083
51
18,096
167
24
55
185
33
297
10
572
2,128
13
2
(D)
428
118
1,237
471
1,108
115
2,656
549
159
(D)
1,146
673
319
7,619
33,083
71,173
41
477
714
26,203
167
24
0
193
20,995
80
1. See footnote 1 to table 16.
2. See footnote 3 to table 16.
106
7,922
20
8
1,411
95
95
110
1,512
1,106
247
134
-6
11
77
14,540
140
2,813
3,513
1,401
(D)
1,702
(D)
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
8 7
u s in e s s
T a b le 1 9.2 . V a lu e A d d e d o f M a jo r ity -O w n e d N o n b a n k F o r e ig n A ff ilia t e s , C o u n tr y b y In d u s tr y o f A ff ilia t e , 2 0 0 7
[Millions of dollars]
Manufacturing
Finance
(except
Wholesale
depository
Information
Electrical
trade
institutions)
Primary
Computers
equipment, Transpor
and
and
and
tation
Food Chemicals
Machinery
appliances,
insurance
fabricated
electronic
and
equipment
metals
products
components
Of which:
All
industries
Mining Utilities
Total
All countries....................................... 1,117,585 152,285 11,145 509,962 30,403
116,180 19,241
809
50,880 3,851
Canada.........................................................
Europe.........................................................
610,921 44,634
4,089 308,403 16,099
Austria.......................................................
2
6,026
0
3,250
403
23,682
17
Belgium.....................................................
13,996
866
(*)
Czech Republic..........................................
4,312
3,349
0
20
18
Denmark....................................................
164
6,038
1,551
43
1,818
Finland
3,137
0
0
1,630
0
France........................................................
56,196
53
8
28,960 1,563
Germany....................................................
86,649
1,209
58,240 2,138
(D)
Greece.......................................................
3,533
2
0
2,577
113
Hungary.....................................................
5,014
20
32
3,457
85
Ireland
53,842
354
181
0
29,443
24
Italy...
32,508
13
20,878
661
Luxembourg................................................
1
1,200
1,557
0
(*)
Netherlands................................................
29,515
881
1
17,698 2,032
Norway......................................................
16,624 11,490
1
2,887
78
Poland
8,470
4
6,191
620
(*)
Portugal.....................................................
4,463
0
3,031
125
(*)
Russia
-1
3,471
6,965
2,028
893
Spain
19,611
110
739
26
12,059
Sweden......................................................
10,184
187
13,775
0
0
Switzerland.................................................
9,732
28,950
0
246
(D)
Turkey........................................................
7,041
5,374
33
226
(*)
United Kingdom..........................................
172,310 13,501
2,209
63,615 4,430
Other.........................................................
21,058
5,009
159
(D)
(D)
Latin America and Other Western Hemisphere 123,544 18,499 4,265 57,355 6,586
South America............................................
65,918 11,323 3,759
34,473 3,705
Argentina................................................
10,815
3,410
5,442 1,156
(D)
Brazil......
33,090
296
21,890 1,682
(D)
1,277
Chile
4,839
999
941
(D)
Colombia..
5,127
1,588
0
1,562
177
Ecuador....
802
331
-1
322
18
4,894
62
Peru........
3,618
161
406
5,532
Venezuela.
568
0
3,650
445
Other
234
819
2
260
(D)
35,744
2,411
367
Central America
20,332 2,790
-10
1,093
46
Costa Rica
1,332
(*)
284
42
Honduras..
668
0
0
31,327
147
18,254 2,579
Mexico
2,388
24
Panama712
16
3
2
Other ......
7
1,705
228
677
121
Other Western Hemisphere..........................
21,882
4,765
139
2,550
92
Barbados...........
3,223
0
135
16
(*)
7,737
Bermuda............
342
474
0
(*)
Dominican Republic
1,084
0
840
119
(D)
3,394
374
14
United Kingdom Islands, Caribbean...........
18
159
Other.....................................................
6,444
2
942
4,050
(D)
Africa...........................................................
43,269 34,081
3,252
283
(D)
47
3,636
2,976
0
338
Egypt
Nigeria
13,959 13,733
44
100
0
South Africa
5,581
44
0
1,960
141
Other
20,094 17,327
854
94
(D)
Middle East
16,036
8,885
156
4,170
(D)
4,697
Israel.
110
0
2,856
(D)
536
291
1
94
0
Saudi Arabia
4,437
317
4
United Arab Emirates..................................
0
(D)
Other........................................................
6,365
155
903
0
(D)
85,902
Asia and Pacific............................................
207,635 26,945
(D)
(D)
17
Australia.....................................................
44,088
7,163
16,409 1,684
China.........................................................
22,429
1,933
76
14,409
573
1
Hong Kong.................................................
10,943
1,916
28
(D)
7,307
270
2,808
159
India..........................................................
(*)
9,098
3,143
Indonesia....
13,095
328
(D)
38,954
4
Japan.........
0
11,631
68
Korea, Republic of
12,442
1
-3
7,895
149
74
Malaysia....
8,149
3,480
3,545
(*)
2
841
New Zealand
2,813
-90
(D)
Philippines...
4,158
416
2,196
(D)
(D)
20,917
407
2
22
Singapore..................................................
12,501
Taiwan.......................................................
6,958
0
2,958
39
(*)
9,819
3,043
20
5,127
221
Thailand.....................................................
5,565
1,218
93
523
Other........................................................
(D)
Addenda:
European Union (27)1....................................
535,379
17,481
OPEC2.......................................................
51,514
39,964
•Less than $500,000 (+/-).
D Suppressed to avoid disclosure of data of individual companies.
OPEC Organization of Petroleum Exporting Countries
3,877 285,338 14,597
471
8,170
513
Pro
fessional,
scientific, Other
industries
and
technical
services
107,519
21,192
32,404
50,473
13,085
71,208
151,964
45,079
51,656
61,383
134,111
5,835
2,919
2,051
1,613
720
11,014
10,602
2,199
1,988
5,695
24,765
68,968
390
4,764
366
166
299
5,871
6,528
429
281
16,416
4,129
924
4,423
147
456
368
631
3,522
4,303
4,928
768
8,369
489
12,641
75
286
82
77
43
1,561
2,438
33
251
48
768
21
677
(D)
340
19
(D)
1,397
283
123
22
2,292
1,583
8,115
59
362
105
48
51
902
2,497
0
(D)
96
701
0
294
3
117
4
6
544
77
621
20
1,292
(D)
1,702
816
9
756
(*)
5
0
0
46
0
886
30
0
855
0
1
0
0
0
0
0
0
92,152
1,599
4,795
369
944
710
8,160
9,602
620
252
5,485
4,469
283
3,877
578
1,199
758
704
2,761
883
15,205
1,443
25,979
1,477
29,229
320
740
193
100
124
1,553
2,273
21
592
4,816
1,672
-641
1,967
146
166
113
28
558
258
1,153
46
12,820
208
12,206
6,798
574
4,915
66
(D)
(D)
0
844
4
5,404
0
(D)
5,390
0
(D)
3
3
0
0
0
0
17,648
7,236
424
3,788
816
1,188
123
402
279
216
2,571
177
60
1,881
49
404
7,841
2,213
3,894
91
1,131
512
4,554
2,536
331
1,453
427
10
3
97
117
97
1,547
10
(*)
1,523
4
10
471
9
22
13
206
221
23,510
115
1,425
(D)
93
1
2,445
867
158
28
367
402
1,003
79
52
378
37
28
489
-225
364
5
15,207
(D)
5,155
638
243
323
-176
45
-20
37
241
-55
350
0
3
303
27
17
4,167
260
1,596
0
2,061
250
35,669
348
806
170
1,247
425
2,900
4,335
65
451
1,967
1,793
78
2,080
228
222
151
236
1,253
1,309
1,410
42
14,014
140
1,829
1,205
8
1,154
4
6
(*)
26
7
-1
479
13
0
465
(*)
1
145
(*)
(*)
3
45
97
73,237
392
1,903
(D)
243
248
12,118
(D)
89
183
11,583
3,257
-1,082
2,932
1,242
311
373
470
2,355
1,364
(D)
98
24,966
(D)
13,019
3,976
(D)
(D)
439
694
40
128
377
62
7,187
(D)
321
5,967
581
(D)
1,855
603
1,360
21
-582
453
718
92
33
463
130
334
135
30
161
8
95
8
-1
54
33
231
(D)
4
195
109
5
0
104
0
670
0
0
573
97
1,471
195
51
804
421
33
23
0
9
1
809
718
12
77
1
1,519
1,464
51
4
0
45
41
0
4
0
(D)
(D)
-6
0
0
688
188
7
3
156
22
472
338
11
104
19
264
28
(*)
143
93
187
41
-7
67
85
276
17
-7
257
8
984
742
(D)
115
(D)
(D)
73
34
2,218
(D)
22,702
364
60
231
145
272
2,788
5,025
7
247
5,195
989
0
1,928
141
111
70
(D)
281
341
798
12
3,433
(D)
2,775
910
25
875
3
3
1
1
1
2
1,475
(D)
0
1,242
(*)
(D)
390
113
278
0
-1
(*)
82
12
10
58
3
40,019
778
1,527
874
12
15
3,004
11,881
0
1,312
91
1,160
(*)
1,790
15
1,107
260
224
2,869
3,212
131
195
9,142
420
13,666
8,806
1,201
5,628
373
474
56
140
904
30
4,375
225
13
4,029
16
91
486
3
83
167
4
229
21,577
514
835
180
405
395
2,987
5,226
16
115
129
2,104
9
938
284
112
61
(D)
700
536
1,207
3
4,477
(D)
2,602
1,592
91
1,368
46
(D)
1
3
(D)
(*)
893
0
O
892
0
1
117
(*)
116
0
1
0
17,997
3,675
5,133
21,782
2,394
8,438
20,552
15,711
2,699
422
31
(D)
-8
173
142
5
25
1
23
39
30
790
1,463
176
567
23
481
608
78
42
10
638
114
142
1
245
5,107
446
249
6
2,160
2,081
2,688
113
854
5,505
1,063
1,196
69
289
825
142
87
(D)
407
136
(D)
1,678
749
8
(D)
11
518
2,764
8
36
29,403
2,204
3,379
274
805
225
4,802
538
308
178
464
3,611
542
574
93
2,733
395
346
744
11
2,746
221
67
3,673
(D)
3,862
-141
(D)
6,880
1,482
297
(D)
4,239
(D)
(D)
436
(D)
4,822
762
64
(D)
1,268
1,890
288
179
3,412
730
1,122
2,117
60
5,442
729
138
162
254
1,040
329
117
61
62,391
11,882
9
19,838
21,713
71
27,848
258
23,050
608
33,762
589
1,361
(D)
185
1. See footnote 2 to table 16.
2. See footnote 3 to table 16.
291
33
346
18
(D)
(D)
192
39
26
0
698
93
224
27
6,441
2,513
3,314
1,073
95
7,429
1,354
558
1,025
148
3,198
1,189
770
295
7,465
58
39,428
848
73,642
843
(D)
42
(D)
29
696
231
20
120
(D)
3,049
1,977
125
1,345
115
41
4
45
300
3
978
(D)
(*)
865
8
(D)
93
2
49
(*)
27
14
(D)
494
319
(D)
(D)
(D)
(D)
723
1,805
361
433
(D)
70,381
611
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A u g u s t
D -1
2 0 0 9
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. BE A ’ estimates are not copyrighted and m ay be reprinted without BE A ’
s
s
permission. Citing the S u r v e y o f C u r r e n t B u sin es s and B E A as the source i appreciated.
s
More detailed estimates from B E A ’ accounts are available on BE A’ W e b site at www.bea.gov. These estimates are
s
s
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.
National Data
H. Charts
A. Selected NIPA tables [A,Q]
1.
2.
3.
4.
5.
6.
7.
Domestic product and incom e................................. D -2
Personal income and outlays......................................D -1 8
Government current receipts and expenditures ...D -22
Foreign transactions.................................................... D -34
Saving and investment................................................. D -38
Income and employment by industry.....................D -44
Supplemental tables......................................................D -45
Industry Data
The United States in the international econom y......D -60
Regional Data
I. State and regional tables
1.1 Personal income [Q ].................................................. D-61
1.2 Personal income and per capita
personal income [A]...............................................D -62
1.3 Disposable personal income and per capita
disposable personal income [A ]......................... D -63
1.4 Gross domestic product by state [A]......................D -64
E. Industry table
E.l Value added by industry [A ]....................................D -48
International Data
F. Transactions tables
F. 1 U.S. international transactions in goods
and services [A, M ]................................................. D -49
F.2 U.S. international transactions [A, Q ].................. D -50
F.3 U.S. international transactions by area [Q ]......... D -52
F.4 Private services transactions [A ].............................D -54
J. Local area tables
J. 1 Personal income and per capita personal income
by metropolitan area [A].......................................D-65
J.2 Gross domestic product by metropolitan area
for industries [A ].....................................................D -70
K. Charts
Selected regional estimates..............................................D -74
Appendixes
G. Investment tables [A]
G.l U.S. international investment position................ D -55
G.2 USDIA: Selected items..............................................D -56
G.3 Selected financial and operating data of foreign
affiliates of U.S. companies...............................D -57
G.4 FDIUS: Selected items..............................................D -58
G.5 Selected financial and operating data of U.S.
affiliates of foreign companies......................... D -59
A. Additional information about the NIPA estimates
Statistical conventions......................................................D-76
Reconciliation table [A, Q ] .............................................D -77
B. Suggested reading .....................................................D-78
As a result of the comprehensive annual revision of the national income and product
accounts (NIPAs), the tables in sections B and C and the NIPA charts in section D
are not included in this issue.
A n extensive set of NIPA estimates will be published in the September issue. The
estimates for a l currently released NIPA series for 1929 forward are available on
l
BEA’ Web site at www.bea.gov.
s
D -2
A u g u s t
2 0 0 9
National Data
A. Selected NIPA Tables
The selected set of N I P A tables presents the most recent estimates of gross domestic product (GDP) and its
components, which were released on July 31, 2009. These estimates include the “advance” estimates for the second
quarter of 2009 and the initial results of the comprehensive revision of the NIPAs. The comprehensive revision
incorporates the results of the 2002 benchmark input-output accounts and other improvements to the definitions,
classifications, and methodologies used in the accounts. As a result of the comprehensive revision, most of the
estimates in the selected N I P A tables have been revised, and m a n y of the table formats have been updated.
“Initial Results of the 2009 Comprehensive Revision of the National Income and Product Accounts” is pre
sented in this issue. A more detailed article about the revision and an extensive set of N I P A estimates will be p u b
lished in the September issue. The estimates for all currently released N I P A series for 1929 forward are available on
B E A ’ W e b site at www.bea.gov.
s
The G D P news release is available on B E A ’ W e b site within minutes after the release. To receive an e-mail noti
s
fication of the release, go to www.bea.gov and subscribe. The “Selected N I P A Tables” are available later that day.
1. D om estic P roduct and Incom e
T a b le 1.1 .1 . P e rc e n t C h a n g e F ro m P r e c e d in g P e rio d in R e a l
T a b le 1.1 .2 . C o n tr ib u tio n s to P e rc e n t C h a n g e
G ro s s D o m e s tic P r o d u c t
in R e a l G r o s s D o m e s tic P r o d u c t
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross domestic product......
Personal consumption
expenditures...........................
Goods......................................
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..........................
Seasonally adjusted at annual rates
Line
2009
III
IV
I
2007
2008
II
1
2.1
0.4
1.5
-2.7
-5.4
-6.4
-1.0
2
3
4
5
6
2.6
3.1
4.3
2.5
2.4
-0.2
-2.1
-4.5
-0.8
0.7
0.1
-0.5
-5.7
2.2
0.4
-3.5
-7.7
-11.7
-5.6
-1.3
-3.1
-10.0
-20.3
-4.9
0.5
0.6
2.5
3.9
1.9
-0.3
-1.2
-4.0
-7.1
-2.5
0.1
7
8
9
10
11
12
13
14
15
16
17
18
19
20
-3.8
-2.1
6.2
14.9
2.6
-18.5
-7.3
-5.1
1.6
10.3
-2.6
-22.9
-10.4
-2.7
1.4
14.5
-5.0
-15.8
-6.9
-8.3
-6.1
-0.1
-9.4
-15.9
-24.2
-20.2
-19.5
-7.2
-25.9
-23.2
-50.5
-39.0
-39.2
-43.6
-36.4
-38.2
-20.4
-13.5
-8.9
-8.9
-9.0
-29.3
8.7
7.4
11.8
2.0
1.7
3.5
5.4
5.9
4.2
-3.2
-3.9
0.7
12.1
14.1
7.8
-5.0
-4.6
-7.1
-3.6
-1.8
-7.7
-2.2
-3.7
6.1
-19.5
-25.5
-4.3
-16.7
-19.6
-0.9
-29.9
-36.9
-13.6
-36.4
-41.0
-11.5
-7.0
-9.3
-2.3
-15.1
-15.9
-11.5
21
22
23
24
25
1.7
1.3
2.2
-0.6
2.0
3.1
7.7
7.8
7.3
0.5
3.6
7.8
7.0
9.6
1.2
4.8
13.2
19.8
0.1
0.1
1.2
6.5
3.8
12.7
-2.0
-2.6
-4.3
-5.1
-2.5
-1.5
5.6
10.9
13.3
6.0
2.4
2008
II
Percent change at annual rate:
Gross domestic product......
Percentage points at annual rates:
Personal consumption
expenditures...........................
Goods......................................
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..........................
2009
III
IV
I
II
1
2.1
0.4
1.5
-2.7
-5.4
-6.4
-1.0
2
3
4
5
6
1.84
0.75
0.36
0.39
1.09
-0.17
-0.50
-0.36
-0.13
0.32
0.06
-0.12
-0.46
0.35
0.17
-2.49
-1.89
-0.95
-0.94
-0.60
-2.15
-2.41
-1.64
-0.78
0.26
0.44
0.56
0.28
0.29
-0.13
-0.88
-0.92
-0.52
-0.40
0.04
7
8
9
10
11
12
13
14
15
16
17
18
19
20
-0.65
-0.35
0.70
0.49
0.20
-1.05
-0.30
0.63
0.96
0.57
0.39
-0.33
-0.24
-0.09
-1.18
-0.81
0.19
0.39
-0.20
-1.00
-0.37
1.20
0.64
0.48
0.16
0.56
0.58
-0.02
-1.66
-0.41
0.19
0.56
-0.38
-0.60
-1.25
2.35
1.47
1.17
0.30
0.88
0.67
0.21
-1.04
-1.30
-0.73
0.00
-0.73
-0.57
0.26
-0.10
-0.48
-0.17
-0.31
0.38
0.55
-0.17
-3.91
-3.28
-2.47
-0.31
-2.15
-0.81
-0.64
0.45
-2.67
-2.50
-0.17
3.12
3.09
0.03
-8.98
-6.62
-5.29
-2.28
-3.01
-1.33
-2.36
2.64
-3.95
-3.41
-0.54
6.58
6.25
0.34
-2.64
-1.82
-0.94
-0.34
-0.59
-0.88
-0.83
1.38
-0.76
-0.68
-0.09
2.14
1.82
0.32
21
22
23
24
25
0.32
0.09
0.10
-0.01
0.23
0.59
0.53
0.37
0.16
0.06
0.71
0.55
0.34
0.21
0.15
0.95
0.93
0.93
0.00
0.01
0.24
0.49
0.20
0.29
-0.25
-0.52
-0.33
-0.27
-0.06
-0.19
1.12
0.82
0.67
0.15
0.30
A u g u s t
2 0 0 9
S
u r v e y
C
o f
u r r e n t
B
D -3
u s in e s s
Table 1.1.3. R Gross Dom
eal
estic Product, Quantity Indexes
Table 1.1.4. Price Indexes for Gross Dom
estic Product
[Index numbers, 2005=100]
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
II
Gross domestic product
Personal consumption
expenditures...................
Goods..............................
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..................
Seasonally adjusted
2008
2009
III
IV
Line
I
105.612
106.499
108.543
105.405
105.147
105.351
104.296
103.692
104.513
105.883
106.032
105.983
106.354
105.738
106.047
105.088
103.895
103.083
104.219
105.697
104.267
101.186
97.401
102.929
105.837
104.425
101.817
98.345
103.405
105.761
104.099
100.780
96.560
102.740
105.783
/
98.801 91.585 93.292 91.643 85.519 71.746 67.760
8 100.189 95.106 97.291 95.199 89.964 79.514 76.687
9 114.617 116.502 119.083 117.210 111.040 98.061 95.791
10 125.495 138.392 140.215 140.191 137.603 119.243 116.495
11 110.184 107.332 110.258 107.577
12 75.490 58.213 59.738 57.208
99.808
53.549
2008
II
1 104.872 105.331 106.147 105.430 103.984 102.271 102.010
2
3
4
5
6
2007
89.143
47.478
87.076
43.541
13
14
15
16
17
18
19
20
118.472
117.512
120.644
108.188
107.709
110.754
124.842
124.436
125.759
104.721
103.472
111.478
127.997
128.016
127.965
105.853
105.035
110.211
126.828
127.446
125.429
105.259
104.045
111.849
120.149
118.407
124.054
100.547
98.517
111.605
109.922
105.520
119.619
89.804
86.326
108.238
107.954
102.970
118.912
86.210
82.658
104.974
21
22
23
24
25
103.090
103.434
103.806
102.653
102.886
106.252
111.362
111.939
110.153
103.355
105.782
109.698
109.597
109.925
103.549
107.036
113.152
114.668
109.956
103.576
107.346
114.946
115.732
113.288
103.061
106.639
113.693
114.219
112.576
102.660
108.110
116.672
117.840
114.221
103.281
2008
II
Gross domestic product
Personal consumption
expenditures...................
Goods.............................
Durable goods..............
Nondurable goods.........
Services...........................
Gross private domestic
investment......................
Fixed investment...............
Nonresidential...............
Structures.................
Equipment and
software................
Residential....................
Change in private
inventories....................
Net exports of goods and
services..........................
Exports............................
Goods..........................
Services.......................
Imports.............................
Goods..........................
Services.......................
Government consumption
expenditures and gross
investment......................
Federal.............................
National defense...........
Nondefense..................
State and local..................
III
2009
IV
I
II
1 106.221
108.481 108.061 109.130 109.155 109.661 109.726
2
3
4
5
6
105.502
102.789
96.714
106.250
106.964
109.031
106.150
95.537
112.188
110.582
109.021
106.678
95.832
112.838
110.296
110.273
108.451
95.537
115.759
111.275
108.855
103.784
94.743
108.971
111.542
108.449
102.186
94.326
106.739
111.749
108.804
102.853
94.399
107.723
111.943
7
8
9
10
106.677
106.718
106.209
121.275
107.355
107.551
107.897
125.207
106.745
107.210
107.161
123.800
107.350
107.866
108.314
125.814
108.738
108.217
109.498
128.238
108.245
107.668
109.154
127.092
107.566
106.987
108.121
124.100
11 100.715 101.455 101.019 101.797 102.415 102.450 102.325
12 107.513 105.779 106.838 105.807 103.198 101.915 102.539
13
14
15
16
17
18
19
20
107.103
107.015
107.305
108.017
108.046
107.863
112.389
112.366
112.445
119.559
120.323
115.682
113.890
114.430
112.686
123.069
124.224
117.278
115.638
116.010
114.813
125.203
126.362
119.415
108.871
107.820
111.220
112.730
112.592
113.238
105.265
103.588
108.910
103.746
102.402
109.655
105.368
104.208
107.988
104.845
103.779
109.574
21
22
23
24
25
109.552
107.754
108.286
106.672
110.615
114.502
110.938
111.913
108.935
116.642
114.772
111.265
112.402
108.922
116.877
115.963
111.784
113.059
109.149
118.493
114.233
110.628
111.334
109.198
116.396
113.924
111.084
111.584
110.085
115.587
114.093
111.256
111.719
110.332
115.755
T a b le 1.1.5. G ro s s D o m e s tic P r o d u c t
T a b le 1 .1 .6 . R e a l G r o s s D o m e s tic P r o d u c t, C h a in e d D o lla r s
[Billions of dollars]
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross domestic product
Personal consumption
expenditures...................
Goods..............................
Durable goods..............
Nondurable goods.........
Services..........................
Gross private domestic
investment......................
Fixed investment...............
Nonresidential..............
Structures.................
Equipment and
software................
Residential....................
Change in private
inventories....................
Net exports of goods and
services..........................
Exports............................
Goods..........................
Services......................
Imports............................
Goods..........................
Services......................
Government consumption
expenditures and gross
investment......................
Federal...........................
National defense...........
Nondefense..................
State and local..................
III
Line
2009
IV
I
9,826.4 10,129.9 10,194.7 10,220.1 10,009.8
3,365.0 3,403.2 3,474.9 3,463.0 3,227.5
1,160.5 1,095.2 1,126.5 1,088.5 1,019.9
2,204.5 2,308.0 2,348.4 2,374.5 2,207.6
6,461.4 6,726.8 6,719.8 6,757.1 6,782.3
9,987.7
3,197.7
1,025.2
2,172.4
6,790.0
9,989.0
3,185.8
1,007.4
2,178.3
6,803.2
/
8
9
10
2,288.5
2,269.1
1,640.2
535.4
2,136.1
2,170.8
1,693.6
609.5
2,164.6
2,214.0
1,719.7
610.6
2,142.7
2,179.7
1,711.0
620.4
2,022.1
2,066.6
1,638.7
620.7
1,689.9
1,817.2
1,442.6
533.1
1,585.5
1,741.6
1,395.9
508.6
11
12
1,104.8
629.0
1,084.1
477.2
1,109.2
494.2
1,090.6
468.6
1,018.0
427.8
909.5
374.6
887.4
345.6
13
19.4
-34.8
-49.3
-37.0
-44.5
-127.4
-156.0
14
15
16
17
18
19
20
-713.8
1,655.9
1,139.4
516.5
2,369.7
1,987.7
382.1
-707.8
1,831.1
1,266.9
564.2
2,538.9
2,126.4
412.4
-738.7
1,901.5
1,326.2
575.3
2,640.2
2,226.8
413.4
-757.5
1,913.1
1,338.5
574.6
2,670.5
2,243.3
427.2
-590.5
1,706.2
1,155.7
550.5
2,296.7
1,892.5
404.2
-378.5
1,509.3
989.5
519.8
1,887.9
1,508.2
379.6
-347.8
1,483.7
971.4
512.4
1,831.5
1,463.6
367.9
21
22
23
24
25
2,676.5
976.7
662.1
314.5
1,699.8
2,883.2
1,082.6
737.9
344.7
1,800.6
2,877.1
1,069.5
725.6
343.9
1,807.6
2,941.4
1,108.3
763.6
344.7
1,833.1
2,905.9
1,114.3
758.9
355.3
1,791.7
2,879.0
1,106.7
750.7
356.0
1,772.3
2,923.0
1,137.4
775.4
362.0
1,785.6
2008
2008
II
II
1 14,077.6 14,441.4 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
2
3
4
5
6
2007
Gross domestic product
Personal consumption
expenditures...................
Goods.............................
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..................
Residual..............................
III
2009
IV
I
II
1 13,254.1 13,312.2 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
2
3
4
5
6
9,313.9
3,273.7
1,199.9
2,074.8
6,040.8
9,290.9
3,206.0
1,146.3
2,057.3
6,083.1
9,351.0
3,257.8
1,175.7
2,081.4
6,092.5
9,267.7
3,193.6
1,139.6
2,051.5
6,072.4
9,195.3
3,110.4
1,076.8
2,026.1
6,080.4
9,209.2
3,129.8
1,087.2
2,035.5
6,076.0
9,180.5
3,097.9
1,067.5
2,022.4
6,077.3
7
8
9
10
2,146.2
2,126.3
1,544.3
441.4
1,989.4
2,018.4
1,569.7
486.8
2,026.5
2,064.8
1,604.4
493.2
1,990.7
2,020.4
1,579.2
493.1
1,857.7
1,909.3
1,496.1
484.0
1,558.5
1,687.5
1,321.2
419.4
1,471.9
1,627.5
1,290.6
409.8
11
12
1,097.0
585.0
1,068.6
451.1
1,097.7
462.9
1,071.0
443.3
993.7
415.0
887.5
367.9
866.9
337.4
13
19.5
-25.9
-37.1
-29.7
-37.4
-113.9
-141.1
14
15
16
17
18
19
20
-647.7
1,546.1
1,064.8
481.3
2,193.8
1,839.6
354.2
-494.3
1,629.3
1,127.5
501.7
2,123.5
1,767.3
356.5
-476.0
1,670.4
1,159.9
510.5
2,146.5
1,794.0
352.5
-479.2
1,655.2
1,154.8
500.4
2,134.4
1,777.1
357.7
-470.9
1,568.0
1,072.9
494.9
2,038.9
1,682.6
356.9
-386.5
1,434.5
956.1
477.2
1,821.0
1,474.4
346.2
-339.3
1,408.9
933.0
474.4
1,748.2
1,411.8
335.7
21
22
23
24
25
26
2,443.1
906.4
611.5
294.9
1,536.7
0.3
2,518.1
975.9
659.4
316.4
1,543.7
20.0
2,506.9
961.3
645.6
315.8
1,546.6
17.1
2,536.6
991.6
675.4
315.9
1,547.0
24.7
2,544.0
1,007.3
681.7
325.4
1,539.3
28.6
2,527.2
996.3
672.8
323.4
1,533.3
23.6
2,562.1
1,022.4
694.1
328.1
1,542.6
27.5
N ote. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
D -4
N a tio n a l
Table 1.1.7. Percent Change FromPreceding Period
in Prices for Gross Dom
estic Product
D a ta
A u g u s t
2 0 0 9
Table 1.1.8. Contributions to Percent Change in the
G
ross Dom
estic Product Price Index
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross domestic product
Personal consumption
expenditures...................
Goods.............................
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......
III
Seasonally adjusted at annual rates
2009
IV
I
Line
2007
2008
II
2008
II
1
2.9
2.1
1.8
4.0
0.1
1.9
0.2
2
3
4
5
6
2.7
1.3
-1.8
2.9
3.4
3.3
3.3
-1.2
5.6
3.4
3.9
3.8
-0.9
6.1
4.0
4.7
6.8
-1.2
10.8
3.6
-5.0
-16.1
-3.3
-21.5
1.0
-1.5
-6.0
-1.7
-7.9
0.7
1.3
2.6
0.3
3.7
0.7
7
8
9
10
2.2
2.2
2.6
7.4
0.6
0.8
1.6
3.2
0.6
1.1
2.1
2.7
2.3
2.5
4.4
6.7
5.3
1.3
4.4
7.9
-1.8
-2.0
-1.3
-3.5
-2.5
-2.5
-3.7
-9.1
11
12
0.5
1.3
0.7
-1.6
1.7
-1.6
3.1
-3.8
2.5
-9.5
0.1
-4.9
-0.5
2.5
14
15
16
17
18
19
20
3.5
3.6
3.5
3.7
3.7
3.9
4.9
5.0
4.8
10.7
11.4
7.2
10.2
12.1
6.0
21.4
22.4
16.9
6.3
5.6
7.8
7.1
7.1
7.5
-21.4
-25.4
-11.9
-34.3
-37.0
-19.1
-12.6
-14.8
-8.1
-28.3
-31.6
-12.1
0.4
2.4
-3.3
4.3
5.5
-0.3
21
22
23
24
25
4.5
3.5
3.7
3.1
5.1
4.5
3.0
3.3
2.1
5.4
6.3
4.4
5.7
1.7
7.4
4.2
1.9
2.4
0.8
5.6
-5.8
-4.1
-6.0
0.2
-6.9
-1.1
1.7
0.9
3.3
-2.8
0.6
0.6
0.5
0.9
0.6
26
2.9
2.1
1.8
4.0
0.0
III
2009
IV
I
II
1.8
13
Percent change at annual rate:
Gross domestic product......
Percentage points at annual rates:
Personal consumption
expenditures...........................
Goods.....................................
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..........................
1
2.9
2.1
1.8
4.0
0.1
1.9
0.2
2
3
4
5
6
1.87
0.30
-0.15
0.46
1.57
2.33
0.77
-0.10
0.87
1.55
2.68
0.87
-0.07
0.95
1.80
3.21
1.57
-0.10
1.67
1.64
-3.64
-4.09
-0.24
-3.84
0.44
-1.04
-1.40
-0.13
-1.27
0.36
0.92
0.59
0.02
0.56
0.33
7
8
9
10
11
12
13
14
15
16
17
18
19
20
0.37
0.36
0.30
0.25
0.04
0.07
0.01
-0.22
0.40
0.28
0.12
-0.62
-0.52
-0.10
0.10
0.12
0.19
0.13
0.06
-0.06
-0.02
-1.17
0.59
0.42
0.18
-1.76
-1.57
-0.20
0.17
0.17
0.23
0.11
0.12
-0.06
0.00
-2.23
1.25
1.02
0.22
-3.47
-3.02
-0.45
0.39
0.37
0.50
0.28
0.23
-0.13
0.02
-0.41
0.81
0.51
0.30
-1.22
-1.01
-0.21
0.76
0.19
0.50
0.33
0.17
-0.31
0.57
4.19
-3.02
-2.52
-0.50
7.21
6.60
0.61
-0.22
-0.28
-0.14
-0.15
0.01
-0.14
0.05
3.35
-1.52
-1.20
-0.32
4.87
4.51
0.35
-0.29
-0.32
-0.38
-0.35
-0.03
0.06
0.03
-0.51
0.04
0.17
-0.12
-0.55
-0.56
0.01
21
22
23
24
25
0.84
0.24
0.17
0.07
0.60
0.87
0.21
0.16
0.05
0.66
1.19
0.31
0.27
0.04
0.88
0.83
0.14
0.12
0.02
0.69
-1.22
-0.32
-0.33
0.01
-0.90
-0.22
0.13
0.05
0.08
-0.35
0.12
0.05
0.03
0.02
0.07
T a b le 1.1.9. Im p lic it P ric e D e fla to rs f o r G ro s s D o m e s tic P r o d u c t
T a b le 1 .1 .1 0 . P e rc e n ta g e S h a re s o f G r o s s D o m e s tic P r o d u c t
[Index numbers, 2005=100]
[Percent]
Seasonally adjusted
2008
Line
Line
2007
2008
2008
II
Gross domestic product
Personal consumption
expenditures...................
Goods.............................
Durable goods..............
Nondurable goods.........
Services..........................
Gross private domestic
investment......................
Fixed investment...............
Nonresidential...........
Structures.................
Equipment and
software................
Residential....................
Change in private
III
I
II
II
1 106.214 108.483 108.069 109.172 109.172 109.691
109.753
2
3
4
5
6
105.502
102.789
96.713
106.250
106.964
109.031
106.150
95.537
112.188
110.582
109.023
106.662
95.814
112.828
110.297
110.276
108.434
95.514
115.748
111.276
108.858
103.767
94.718
108.961
111.543
108.453
102.169
94.301
106.729
111.750
108.807
102.836
94.374
107.713
111.945
7
8
9
10
106.630
106.718
106.210
121.275
107.370
107.550
107.897
125.207
106.815
107.225
107.187
123.793
107.637
107.885
108.348
125.815
108.850
108.238
109.536
128.243
108.430
107.689
109.191
127.097
107.718
107.007
108.158
124.105
11 100.715 101.455 101.046 101.830 102.450 102.485 102.360
12 107.513 105.778 106.755 105.710 103.097 101.815 102.439
14
15
16
17
18
19
20
107.103
107.015
107.305
108.017
108.046
107.863
112.389
112.366
112.445
119.559
120.323
115.682
'113.833
114.337
112.678
122.999
124.124
117.284
115.580
115.907
114.820
125.116
126.238
119.426
108.816
107.720
111.235
112.647
112.473
113.252
105.213
103.492
108.925
103.669
102.293
109.668
105.315
104.111
108.002
104.767
103.670
109.587
21
22
23
24
25
109.552
107.754
108.286
106.672
110.615
114.502
110.938
111.913
108.934
116.642
114.765
111.258
112.392
108.917
116.875
115.957
111.778
113.050
109.145
118.492
114.229
110.623
111.327
109.193
116.395
113.919
111.079
111.576
110.080
115.586
114.088
111.251
111.712
110.328
115.754
26 106.215 108.486 108.076 109.181
109.167 109.678
Gross domestic product......
Personal consumption
expenditures...........................
Goods.....................................
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..........................
2009
2008
2009
IV
13
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......
2007
III
IV
1
100.0
100.0
100.0
100.0
100.0
100.0
I
100.0
II
2
3
4
5
6
69.8
23.9
8.2
15.7
45.9
70.1
23.6
7.6
16.0
46.6
70.3
24.0
7.8
16.2
46.4
70.3
23.8
7.5
16.3
46.5
69.8
22.5
7.1
15.4
47.3
70.4
22.6
7.2
15.3
47.9
70.6
22.5
7.1
15.4
48.1
7
8
9
10
11
12
13
14
15
16
17
18
19
20
16.3
16.1
11.7
3.8
7.8
4.5
0.1
-5.1
11.8
8.1
3.7
16.8
14.1
2.7
14.8
15.0
11.7
4.2
7.5
3.3
-0.2
-4.9
12.7
8.8
3.9
17.6
14.7
2.9
14.9
15.3
11.9
4.2
7.7
3.4
-0.3
-5.1
13.1
9.1
4.0
18.2
15.4
2.9
14.7
15.0
11.8
4.3
7.5
3.2
-0.3
-5.2
13.2
9.2
3.9
18.4
15.4
2.9
14.1
14.4
11.4
4.3
7.1
3.0
-0.3
-4.1
11.9
8.1
3.8
16.0
13.2
2.8
11.9
12.8
10.2
3.8
6.4
2.6
-0.9
-2.7
10.6
7.0
3.7
13.3
10.6
2.7
11.2
12.3
9.9
3.6
6.3
2.4
-1.1
-2.5
10.5
6.9
3.6
12.9
10.3
2.6
21
22
23
24
25
19.0
6.9
4.7
2.2
12.1
20.0
7.5
5.1
2.4
12.5
19.8
7.4
5.0
2.4
12.5
20.2
7.6
5.2
2.4
12.6
20.3
7.8
5.3
2.5
12.5
20.3
7.8
5.3
2.5
12.5
20.7
8.0
5.5
2.6
12.6
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
Table 1.2.1. Percent Change FromPreceding Period in R
eal
G
ross Dom
estic Product by M Type of Product
ajor
B
D -5
u s in e s s
Table 1.2.2. Contributions to Percent Change in R
eal
G
ross Dom
estic Product by M Type of Product
ajor
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
Seasonally adjusted at annual rates
2009
Line
2007
2008
Gross domestic product.....
Final sales of domestic
product........................
Change in private
inventories...................
Goods.......................................
Final sales...........................
Change in private inventories
Durable goods.........................
Final sales...........................
Change in private inventories
Nondurable goods...................
Final sales...........................
Change in private inventories
Services 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...........................
-2.7
-1.0
-4.1
-0.2
-16.4
-14.1
-8.7
0.4
-4.1
-0.9
-23.6
-19.8
-30.1
-6.5
-5.3
-6.3
-19.3
-9.4
-7.2
-7.3
20.5
8.2
-3.0
4.7
-0.4
-5.5
10.3
-6.4
-4.7
-7.0
-7.8
-0.7
2.4
-5.4
-2.9
0.7
-12.9
-0.9
-34.0
1.4
-50.5
-64.5
14.6
-4.9
11.2
-1.2
-6.5
2.6
-4.4
-1.3
-18.4
-36.2
-6.6
2.2
22.1
1.0
21.3
2.6
29.1
-2.6
-3.6
2.0
19
1.5
-5.9
0.3
1.3
-2.7
-5.4
-6.5
-1.0
-1.0
-2.4
-5.4
-8.6
-2.4
1.3
-O.i
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.
Percent change at annual rate:'
Gross domestic product......
Percentage points at annual rates:
Final sales of domestic
product..........................
Change in private inventories
Goods........................................
Final sales.............................
Change in private inventories
Durable goods..........................
Final sales.............................
Change in private inventories 1
Nondurable goods....................
Final sales.............................
Change in private inventories 1
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..........
2009
2008
III
II
IV
1
II
1
2.1
0.4
1.5
-2.7
-5.4
-6.4
-1.0
2
3
4
5
6
7
8
9
10
11
12
13
14
2.45
-0.30
1.01
1.32
-0.30
0.71
0.85
-0.13
0.30
0.47
-0.17
1.61
-0.49
0.81
-0.37
0.11
0.48
-0.37
0.20
0.18
0.02
-0.09
0.30
-0.39
0.94
-0.61
2.70
-1.25
0.36
1.61
-1.25
-0.61
0.43
-1.04
0.97
1.17
-0.20
0.96
0.13
-2.94
0.26
-1.91
-2.17
0.26
0.69
-0.92
1.62
-2.60
-1.25
-1.35
-0.22
-0.55
-4.74
-0.64
-4.54
-3.90
-0.64
-3.66
-2.97
-0.70
-0.87
-0.93
0.06
0.46
-1.30
-4.07
-2.36
-2.19
0.17
-2.36
-4.55
-0.84
-3.71
2.36
1.01
1.35
-0.53
-3.70
-0.19
-0.83
-1.08
-0.25
-0.83
-0.68
-0.86
0.18
-0.40
0.61
-1.01
0.94
-0.88
15
-0.04
-0.52
-1.08
-0.15
-1.41
-1.69
0.20
16
17
2.18
0.13
0.96
0.12
2.54
0.16
-2.53
-0.02
-3.96
0.02
-4.74
0.06
-1.22
-0.04
18
2.02
0.32
1.29
-2.66
-5.39
-6.49
-0.98
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.
T a b le 1.2.3. R e a l G ro s s D o m e s tic P r o d u c t
T a b le 1.2.4. P ric e In d e x e s f o r G ro s s D o m e s tic P r o d u c t
b y M a jo r T y p e o f P ro d u c t, Q u a n tity In d e x e s
b y M a jo r T y p e o f P ro d u c t
[Index numbers, 2005=100]
[Index numbers, 2005=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2008
II
Gross domestic product.....
Final sales of domestic
product........................
Change in private
Goods.......................................
Final sales...........................
Durable goods.........................
Final sales...........................
Nondurable goods....................
Final sales...........................
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...........................
III
Line
2009
IV
I
2 105.131 105.980 106.872 106.084 104.806 103.713 103.662
11
109.123 109.567 111.884 109.865 105.044 102.693 101.618
110.188 112.169 114.814 112.492 108.292 108.393 108.136
110.367 111.888 112.766 114.095 106.664 97.531 96.213
112.116 113.514 116.215 114.296 108.169 106.357 104.654
107.684 106.918 110.866 105.088 103.152 108.081 107.264
107.957 110.586 113.172 110.409 108.327 110.486 111.760
1?
13 105.006 106.571 106.675 106.575 106.756 106.527 106.907
14 93.989 88.410 89.870 88.600 85.598 77.143 75.158
15
97.492
79.505
80.999
79.624
66.784
51.533
53.321
16 105.116 106.149 106.947 106.250 105.145 103.833 103.510
17 152.892 185.528 188.986 187.250 188.585 193.669 190.446
18 104.622 104.959 105.764 105.051 103.599 101.866 101.614
19 103.679 102.808 103.404 102.791 101.370
99.119
98.522
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.
2008
II
1 104.872 105.331 106.147 105.430 103.984 102.271 102.010
u
4
5
6
7
8
q
10
2007
2008
II
Gross domestic product......
Final sales of domestic
product..........................
Change in private inventories
Goods........................................
Final sales.............................
Change in private inventories...
Durable goods..........................
Final sales.............................
Change in private inventories 1
Nondurable goods....................
Final sales.............................
Change in private inventories 1
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..........
III
2009
IV
I
II
1 106.221 108.481 108.061 109.130 109.155 109.661 109.726
2
3
4
5
fi
7
8
q
10
11
1’
13
14
15
106.226 108.507 108.127 109.202 109.078 109.566 109.623
100.670
100.611
99.432
99.456
98.415
98.581
99.609 100.312 102.224 102.411
99.796 99.967 101.781 101.934
98.123
98.048
96.530
96.454
96.205
96.120
96.367
96.283
96.484
96.429
96.634
96.525
96.811
96.660
103.744 102.946 101.065 103.550 104.987 108.950 109.151
103.716 103.097 101.564 104.063 104.261 108.073 108.246
107.545 111.432 111.300 112.336 111.963 112.000 112.178
113.368 115.500 115.004 115.866 116.537 115.965 114.712
98.891
96.404
96.828
96.445
94.773
95.916
98.314
16 106.463 108.860 108.420 109.526 109.592 110.086 110.111
17 70.975 59.633 60.394 58.307 56.265 54.774 52.552
18 106.492 108.888 108.455 109.558 109.606 110.134 110.227
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.
D -6
N a tio n a l
D a ta
A u g u s t
Table 1.2.5. G
ross Dom
estic Product
by Major Type of Product
Table 1.2.6. R Gross Dom
eal
estic Product
by M Type of Product, Chained Dollars
ajor
[Billions of dollars]
2 0 0 9
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross domestic product
Final sales of domestic
product.................
Change in private
inventories.............
Goods................................
Final sales....................
Change in private
inventories
Durable goods..................
Final sales....................
Change in private
inventories 1.............
Nondurable goods.............
Final sales....................
Change in private
inventories 1
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.....................
Seasonally adjusted at annual rates
2009
III
IV
I
Line
-34.8
3,783.8
3,818.6
6
7
8
19.4
2,047.7
2,040.1
9
10
11
-49.3
3,825.2
3,874.6
-37.0
3,806.1
3,843.0
-34.8
2,042.3
2,032.0
-49.3
2,051.1
2,073.1
7.6
1,766.4
1,754.6
10.3
1,741.5
1,786.6
12
13
14
11.8
8,810.8
1,452.8
15
403.9
2008
II
2 14,058.3 14,476.2 14,547.1 14,583.7 14,391.8 14,305.3 14,305.8
19.4
3,814.1
3,794.7
2008
II
1 14,077.6 14,441.4 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
3
4
5
2007
-44.5
3,661.4
3,705.9
-127.4
3,649.3
3,776.7
-156.0
3,617.3
3,773.4
-37.0
2,078.2
2,042.3
-44.5
1,946.6
1,935.7
-127.4
1,782.4
1,905.2
-156.0
1,761.2
1,877.3
-22.0
1,774.1
1,801.4
35.9
1,727.8
1,800.7
10.8
1,714.8
1,770.2
-122.7
1,866.8
1,871.5
-116.1
1,856.2
1,896.1
-45.1
9,265.4
1,392.2
-27.3
9,263.3
1,409.3
-72.9
9,340.8
1,399.8
-55.3
9,325.7
1,360.2
-4.6
9,308.8
1,219.9
-39.9
9,356.8
1,175.6
321.2
328.3
321.5
264.9
206.9
219.2
16 13,673.7 14,120.2 14,169.4 14,225.3 14,082.4 13,971.0 13,930.5
17
85.7
87.4
90.3
86.3
83.8
83.8
79.0
18 13,991.9 14,354.0 14,407.5 14,460.4 14,263.6 14,094.2 14,070.8
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.
Gross domestic product
Final sales of domestic
product..................
Change in private
inventories............
Residual....................
Goods................................
Final sales.....................
Change in private
inventories
Durable goods..................
Final sales.....................
Change in private
inventories ' ..............
Nondurable goods............
Final sales.....................
Change in private
inventories 1..............
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....................
III
2009
IV
I
II
1 13,254.1 13,312.2 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
2 13,234.3 13,341.2 13,453.5 13,354.3 13,193.5 13,055.8 13,049.5
3
4
5
6
19.5
0.3
3,789.7
3,771.6
-25.9
-3.1
3,805.1
3,839.5
-37.1
-1.1
3,885.6
3,930.0
-29.7
0.0
3,815.5
3,850.5
-37.4
-14.2
3,648.1
3,706.7
-113.9
-16.5
3,566.4
3,710.2
-141.1
-16.0
3,529.1
3,701.4
7
8
9
19.5
2,087.2
2,080.7
-25.9
2,115.9
2,106.7
-37.1
2,132.5
2,156.8
-29.7
2,157.7
2,121.2
-37.4
2,017.1
2,007.5
-113.9
1,844.4
1,973.9
-141.1
1,819.5
1,942.3
10
11
12
7.6
1,703.3
1,691.7
9.4
1,691.2
1,732.9
-19.6
1,753.6
1,773.4
32.8
1,662.2
1,730.1
9.2
1,631.6
1,697.5
-115.3
1,709.6
1,731.3
-109.4
1,696.7
1,751.3
13
14
15
16
11.8
8,192.7
1,281.4
-11.8
-33.7
8,314.8
1,205.4
-23.3
-18.4
8,322.9
1,225.3
-25.1
-57.8
8,315.1
1,208.0
-24.8
-45.1
8,329.3
1,167.0
-23.5
-1.7
8,311.4
1,051.8
-26.0
-33.9
8,341.0
1,024.7
-23.6
17
408.4
333.1
339.3
333.6
279.8
215.9
223.4
18 12,844.6 12,970.8 13,068.3 12,983.2 12,848.1 12,687.8 12,648.4
19
120.8
146.6
149.3
147.9
149.0
150.5
153.0
20 13,139.9 13,182.1 13,283.3 13,193.8 13,011.4 12,793.7 12,762.1
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 ote . Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line
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.
T a b le 1 .3 .1 . P e rc e n t C h a n g e F ro m P re c e d in g P e rio d
in R e a l G ro s s V a lu e A d d e d b y S e c to r
T a b le 1 .3 .3 . R e a l G r o s s V a lu e A d d e d b y S e c to r, Q u a n tity In d e x e s
[Percent]
[Index numbers, 2005=100]
Seasonally adjusted at annual rates
Line
2007
2008
2008
III
II
Gross domestic product
Business 1..........................
Nonfarm 2........................
Farm...............................
Households and institutions
Households.....................
Nonprofit institutions serving
households 3................
General government4.........
Federal............................
State and local..................
Addendum:
Gross housing value added
Seasonally adjusted
Line
2009
IV
I
2008
II
2008
2009
Ii
1
2
3
4
5
6
2.1
2.2
2.3
-7.6
2.2
2.4
0.4
0.0
-0.1
12.9
1.6
1.3
1.5
1.1
1.3
-15.8
3.0
3.4
-2.7
-3.7
-4.0
24.4
-1.2
-3.4
-5.4
-7.2
-7.6
27.9
-0.5
-1.2
-6.4
-8.7
-8.8
-3.3
0.4
0.4
-1.0
-1.8
-1.7
-10.1
-0.1
-1.0
7
8
9
10
1.9
1.4
0.8
1.7
2.0
2.2
3.9
1.4
2.5
2.2
4.4
1.2
2.0
2.7
6.5
1.1
0.5
1.9
6.0
0.1
0.3
1.2
4.8
-0.4
1.0
2.7
7.6
0.5
11
3.5
1.5
2.9
-2.6
-1.0
0.7
-0.5
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
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.
2007
Gross domestic product
Business 1..........................
Nonfarm 2........................
Farm...............................
Households and institutions
Households......................
Nonprofit institutions serving
households 3
.................
General government4.........
Federal.............................
State and local..................
Addendum:
Gross housing value added
III
IV
I
II
1
2
3
4
5
6
104.872
105.362
105.527
89.746
104.471
106.381
105.331
105.357
105.376
101.368
106.118
107.745
106.147
106.421
106.522
96.015
106.505
108.517
105.430
105.418
105.438
101.393
106.192
107.589
103.984
103.456
103.378
107.831
106.066
107.264
102.271
101.127
101.035
106.917
106.172
107.384
102.010
100.679
100.609
104.099
106.133
107.119
7
8
9
10
101.940
102.019
100.688
102.607
103.952
104.247
104.664
104.066
103.818
103.917
103.735
103.996
104.334
104.611
105.376
104.276
104.474
105.095
106.925
104.298
104.560
105.409
108.183
104.202
104.829
106.103
110.190
104.324
11 107.853 109.488 110.111
109.392 109.120 109.305 109.164
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
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.
A u g u s t
2 0 0 9
S
u r v e y
C
o f
u r r e n t
B
D -7
u s in e s s
Table 1.3.4. Price Indexes for G
ross Value Added by Sector
Table 1.3.5. Gross Value Added by Sector
[Index numbers, 2005=100]
[Billions of dollars]
Seasonally adjusted
Line
Seasonally adjusted at annual rates
2008
II
Gross domestic product
Business 1..........................
Nonfarm 2........................
Farm...............................
Households and institutions
Households.....................
Nonprofit institutions serving
households 3................
General government4.........
Federal............................
State and local..................
Addendum:
Gross housing value added
2007
III
IV
I
II
1
2
3
4
5
6
106.221
105.626
105.434
126.869
107.185
105.895
108.481
107.225
107.039
127.716
112.593
112.599
108.061
106.813
106.549
134.797
111.954
112.003
109.130
107.909
107.717
128.231
113.298
113.668
109.155
107.678
107.696
108.504
114.500
114.530
109.661
108.219
108.399
94.830
114.035
114.560
109.726
108.191
108.353
96.451
114.314
115.159
7
8
9
10
108.958
109.301
109.953
109.016
112.557
112.750
112.192
112.994
111.858
112.512
112.440
112.539
112.758
113.106
112.150
113.524
114.433
113.603
111.954
114.331
113.284
114.907
114.569
115.040
113.122
115.344
114.511
115.705
2008
Line
2009
11 106.039 113.212 112.546 114.331
115.358 115.433 116.007
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
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.
2007
2008
2008
II
Gross domestic product
Business 1..........................
Nonfarm 2........................
Farm................................
Households and institutions
Households......................
Nonprofit institutions serving
households3................
General government4.........
Federal.............................
State and local..................
Addendum:
Gross housing value added
2009
III
IV
I
II
1 14,077.6 14,441.4 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
2 10,789.0 10,953.1 11,022.1 11,034.7 10,802.9 10,614.2 10,564.2
3 10,672.8 10,821.0 10,889.6 10,901.6 10,683.3 10,510.4 10,461.2
4
116.2
132.1
132.6
133.0
119.6
103.8
102.9
5 1,686.9 1,799.9 1,796.2 1,812.4 1,829.5 1,823.9 1,827.7
6
973.7 1,048.7 1,050.6 1,057.1 1,062.0 1,063.4 1,066.4
7
8
9
10
713.1
1,601.8
485.7
1,116.0
751.2
1,688.4
515.2
1,173.2
745.5
1,679.5
511.8
1,167.7
755.3
1,699.6
518.5
1,181.1
767.5
1,715.0
525.2
1,189.7
760.5
1,739.8
543.8
1,196.0
761.3
1,757.9
553.6
1,204.3
11
1,205.4
1,306.5
1,306.2
1,318.3
1,326.9
1,330.0
1,334.9
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
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.
T a b le 1.3 .6 . R e a l G r o s s V a lu e A d d e d b y S e c to r, C h a in e d D o lla r s
T a b le 1 .4 .1 . P e rc e n t C h a n g e F ro m P r e c e d in g P e rio d
[Billions of chained (2005) dollars]
in R e a l G r o s s D o m e s tic P r o d u c t, R e a l G r o s s D o m e s tic P u rc h a s e s ,
a n d R e a l F in a l S a le s to D o m e s tic P u rc h a s e rs
Seasonally adjusted at annual rates
[Percent]
Line
2007
2008
2008
II
Gross domestic product
Business 1..........................
Nonfarm 2........................
Farm...............................
Households and institutions
Households.....................
Nonprofit institutions serving
households 3................
General government4.........
Federal............................
State and local..................
Residual..............................
Addendum:
Gross housing value added
2009
III
IV
I
Seasonally adjusted at annual rates
II
1 13,254.1 13,312.2 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
2 10,215.3 10,214.8 10,318.1 10,220.8 10,030.6 9,804.7 9,761.3
3 10,123.7 10,109.2 10i219.2 10,115.1 9,917.5 9,692.7 9,651.9
4
91.6
103.4
103.4
98.0
110.0
109.1
106.2
5 1,573.8 1,598.6 1,604.4 1,599.7 1,597.8 1,599.4 1,598.8
6
919.5
931.3
938.0
927.2
928.2
930.0
925.9
7
8
9
10
11
654.5
1,465.5
441.8
1,023.7
-0.7
667.4
1,497.5
459.2
1,038.3
3.4
666.5
1,492.7
455.1
1,037.6
0.9
669.9
1,502.7
462.3
1,040.4
3.5
670.8
1,509.7
469.1
1,040.6
6.7
671.3
1,514.2
474.6
1,039.7
9.8
673.0
1,524.1
483.5
1,040.9
11.0
12
1,136.8
1,154.0
1,160.6
1,153.0
1,150.1
1,152.1
Line
2007
2008
2008
2009
II
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
III
1
2
3
4
■
S
2.1
8.7
2.0
1.4
0.4
5.4
-3.2
-0.7
1.5
12.1
-5.0
-0.9
-2.7
-3.6
-2.2
-2.5
IV
-5.4
-19.5
-16.7
-5.5
-6.4
-29.9
-36.4
-8.6
I
II
-1.0
-7.0
-15.1
-2.3
6
1.7
-0.4
0.3
-2.7
-4.9
-6.4
-1.5
7
2.5
0.8
2.7
-2.9
-4.7
^.1
-0.2
1,150.6
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
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 ote . Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
T a b le 1 .4.3. R e a l G ro s s D o m e s tic P r o d u c t, R e a l G ro s s D o m e s tic P u rc h a s e s ,
T a b le 1 .4 .4 . P ric e In d e x e s f o r G r o s s D o m e s tic P r o d u c t, G r o s s D o m e s tic
a n d R ea l F in a l S a le s to D o m e s tic P u r c h a s e rs , Q u a n tity In d e x e s
P u rc h a s e s , a n d F in a l S a le s to D o m e s tic P u rc h a s e rs
[Index numbers, 2005=100]
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
2009
II
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....
1 104.872
2 118.472
3 108.188
4 104.046
■
S
105.331
124.842
104.721
103.294
Seasonally adjusted
III
IV
106.147
127.997
105.853
103.925
105.430
126.828
105.259
103.276
103.984
120.149
100.547
101.818
I
Line
2007
2008
II
102.271 102.010
109.922 107.954
89.804 86.210
99.566 98.984
6 104.288 103.896 104.598 103.883 102.583 100.913 100.529
7 105.131 105.980 106.872 106.084 104.806 103.713 103.662
2008
2009
II
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
4
S
106.221
107.103
108.017
106.408
108.481
112.389
119.559
109.765
III
IV
I
II
108.061
113.890
123.069
109.722
109.130
115.638
125.203
110.871
109.155
108.871
112.730
109.790
109.661
105.265
103.746
109.395
109.726
105.368
104.845
109.596
6 106.412 109.792 109.785 110.940 109.718 109.311 109.502
7 106.226 108.507 108.127 109.202 109.078 109.566 109.623
D -8
N a tio n a l
D a ta
A u g u s t
2 0 0 9
Table 1.4.5. Relation of Gross Dom
estic Product, Gross Dom
estic
Purchases, and Final Sales to Dom
estic Purchasers
Table 1.5.1. Percent Change From Preceding Period in R
eal
G
ross Dom
estic Product, Expanded Detail
[Billions of dollars]
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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...........................
III
Seasonally adjusted at annual rates
Line
2009
IV
I
1 14,077.6 14,441.4 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
1,655.9
1,831.1
1,901.5
1,913.1
1,706.2
1,509.3
1,483.7
3
2,369.7
2,538.9
2,640.2
2,670.5
2,296.7
1,887.9
1,831.5
4 14,791.4 15,149.2 15,236.4 15,304.2 14,937.8 14,556.5 14,497.5
19.4
-34.8
-49.3
-37.0
-44.5
-127.4
-156.0
6 14,772.0 15,183.9 15,285.7 15,341.1 14,982.3 14,683.9 14,653.6
7 14,058.3 14,476.2 14,547.1 14,583.7 14,391.8 14,305.3 14,305.8
T a b le 1.4 .6 . R e la tio n o f R e a l G ro s s D o m e s tic P ro d u c t, R ea l G ro s s D o m e s tic
P u rc h a s e s , a n d R e a l F in a l S a le s t o D o m e s tic P u rc h a s e rs , C h a in e d D o lla rs
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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..........................
III
2009
IV
I
II
1 13,254.1 13,312.2 13,415.3 13,324.6 13,141.9 12,925.4 12,892.4
2
3
1,546.1
2,193.8
1,629.3
2,123.5
1,670.4
2,146.5
1,655.2
2,134.4
1,568.0
2,038.9
1,434.5
1,821.0
1,408.9
1,748.2
4 13,901.6 13,801.2 13,885.5 13,798.8 13,604.0 13,303.1 13,225.4
5
19.5
-25.9
-37.1
-29.7
-37.4
-113.9
-141.1
6 13,881.9 13,829.8 13,923.2 13,828.0 13,654.9 13,432.7 13,381.6
7 13,234.3 13,341.2 13,453.5 13,354.3 13,193.5 13,055.8 13,049.5
Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
N ote .
2008
2008
II
II
2
5
2007
Gross domestic product......
Personal consumption
expenditures...........................
Goods......................................
Durable goods......................
Motor vehicles and parts....
Furnishings and durable
household equipment.....
Recreational goods and
vehicles.........................
Other durable goods...........
Nondurable goods.................
Food and beverages
purchased for off-premises
consumption..................
Clothing and footwear.........
Gasoline and other energy
goods............................
Other nondurable goods.....
Services...................................
Household consumption
expenditures (for services)...
Housing and utilities...........
Health care.......................
Transportation services......
Recreation services............
Food services and
accommodations............
Financial services and
insurance......................
Other services...................
Final consumption expenditures
of nonprofit institutions
serving households
(NPISHs)1........................
Gross output of nonprofit
institutions 2...................
Less: Receipts from sales of
goods and services by
nonprofit institutions 3.....
Gross private domestic
investment..............................
Fixed investment.......................
Nonresidential.......................
Structures.........................
Equipment and software.....
Information processing
equipment and software
Computers and
peripheral equipment
Software 4..................
Other........................
Industrial equipment.......
Transportation equipment
Other equipment............
Residential............................
Change in private inventories.....
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...................
2009
III
IV
I
II
1
2.1
0.4
1.5
-2.7
-5.4
-6.4
-1.0
2
3
4
5
2.6
3.1
4.3
1.4
-0.2
-2.1
-4.5
-13.6
0.1
-0.5
-5.7
-21.8
-3.5
-7.7
-11.7
-23.7
-3.1
-10.0
-20.3
-32.5
0.6
2.5
3.9
6.7
-1.2
-4.0
-7.1
-11.9
6
2.0
-2.9
2.5
-11.2
-14.1
-7.0
-7.9
7
8
9
11.4
0.8
2.5
5.4
-4.8
-0.8
10.8
-11.8
2.2
-2.5
-2.7
-5.6
-12.4
-19.9
-4.9
9.3
7.2
1.9
-4.0
-1.7
-2.5
10
11
2.1
4.4
0.0
-0.3
0.5
6.9
-5.2
-11.1
-7.3
-8.9
0.6
-1.7
4.5
-6.8
12
13
14
0.8
3.0
2.4
-4.4
-0.1
0.7
-3.6
5.1
0.4
-12.9
0.8
-1.3
10.6
-7.7
0.5
8.6
2.2
-0.3
-1.3
-7.8
0.1
15
16
17
18
19
2.3
0.9
2.6
1.2
3.7
0.4
0.9
3.0
-5.0
0.0
0.3
0.8
2.6
-7.0
1.5
-1.8
-1.4
-0.6
-5.0
-3.1
0.1
3.6
1.8
-7.8
-3.9
0.7
0.1
3.4
-7.0
1.8
0.4
-0.8
2.2
0.0
-0.9
20
1.1
-0.4
2.5
-2.6
-8.0
-1.6
-2.0
21
22
5.0
2.8
-1.6
-0.6
-1.2
-2.9
-2.7
-1.4
^.1
4.3
0.4
1.5
2.7
0.0
23
4.0
8.9
2.5
9.9
10.8
-21.3
-7.1
24
2.6
3.5
2.3
0.9
3.3
-3.0
-1.0
25
2.1
1.6
2.3
-2.1
0.7
4.5
1.1
26
27
28
29
30
-3.8
-2.1
6.2
14.9
2.6
-7.3
-5.1
1.6
10.3
-2.6
-10.4
-2.7
1.4
14.5
-5.0
-6.9
-8.3
-6.1
-0.1
-9.4
-24.2
-20.2
-19.5
-7.2
-25.9
-50.5
-39.0
-39.2
-43.6
-36.4
-20.4
-13.5
-8.9
-8.9
-9.0
31
8.0
6.0
6.7
-4.4
-16.9
-19.6
-4.5
32
33
34
35
36
37
38
39
40
41
4?
43
44
45
46
47
48
17.7
6.3
5.8
4.7
-9.7
-0.8
-18.5
8.4
6.4
4.4
-3.5
-27.3
-2.1
-22.9
5.1
4.8
10.0
-1.7
-42.4
-2.9
-15.8
-26.7
-3.1
4.9
-10.6
-44.5
10.2
-15.9
-29.2
-9.1
-21.0
-14.1
-68.9
-24.8
-23.2
-14.7
-24.0
-15.6
-49.7
-81.3
-31.1
-38.2
4.9
-12.5
2.5
-15.5
34.0
-27.5
-29.3
8.7
7.4
11.8
2.0
1.7
3.5
5.4
5.9
4.2
-3.2
-3.9
0.7
12.1
14.1
7.8
-5.0
-4.6
-7.1
-3.6
-1.8
-7.7
-2.2
-3.7
6.1
-19.5
-25.5
-4.3
-16.7
-19.6
-0.9
-29.9
-36.9
-13.6
-36.4
^11.0
-11.5
-7.0
-9.3
-2.3
-15.1
-15.9
-11.5
49
50
51
52
53
54
55
56
57
58
59
1.7
1.3
2.2
1.6
6.2
-0.6
-0.9
1.6
2.0
1.8
2.6
3.1
7.7
7.8
6.5
16.7
7.3
7.2
8.3
0.5
0.7
-0.6
3.6
7.8
7.0
2.3
41.8
9.6
8.4
18.5
1.2
0.2
5.8
4.8
13.2
19.8
20.0
18.6
0.1
-0.8
6.8
0.1
0.8
-2.6
1.2
6.5
3.8
3.3
6.7
12.7
7.8
50.9
-2.0
0.3
-11.1
-2.6
-4.3
-5.1
-4.9
-6.6
-2.5
2.4
-29.6
-1.5
-0.4
-6.1
5.6
10.9
13.3
11.9
21.7
6.0
7.0
-0.7
2.4
-0.1
13.3
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world;
includes membership dues and fees.
4. Excludes software “embedded,” or bundled, in computers and other equipment.
A u g u s t
2 0 0 9
S
u r v e y
C
o f
u r r e n t
B
D -9
u s in e s s
T a b le 1.5 .2 . C o n tr ib u tio n s t o P e rc e n t C h a n g e in R e a l
T a b le 1 .5 .3 . R e a l G r o s s D o m e s tic P r o d u c t,
G ro s s D o m e s tic P ro d u c t, E x p a n d e d D e ta il
E x p a n d e d D e ta il, Q u a n tity In d e x e s
[Index numbers, 2005=100]
Seasonally adjusted at annual rates
ine
2007
2008
II
Percent change at annual rate:
Gross domestic product........
Percentage points at annual rates:
Personal consumption
expenditures.............................
Goods.......................................
Durable goods........................
Motor vehicles and parts......
Furnishings and durable
household equipment.......
Recreational goods and
vehicles..........................
Other durable goods.............
Nondurable goods...................
Food and beverages
purchased for off-premises
consumption....................
Clothing and footwear..........
Gasoline and other energy
goods .............................
Other nondurable goods.......
Services....................................
Household consumption
expenditures (for services)....
Housing and utilities.............
Healthcare.........................
Transportation services........
Recreation services.............
Food services and
accommodations.............
Financial services and
insurance........................
Other services.....................
Final consumption expenditures
of nonprofit institutions serving
households (NPISHs)1........
Gross output of nonprofit
institutions 2....................
Less: Receipts from sales of
goods and services by
nonprofit institutions 3......
Gross private domestic investment
Fixed investment.........................
Nonresidential........................
Structures...........................
Equipment and software.......
Information processing
equipment and software
Computers and
peripheral equipment
Software 4...................
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
2.1
1.84
0.75
0.36
0.04
0.4
-0.17
-0.50
-0.36
-0.38
III
1.5
0.06
-0.12
-0.46
-0.63
-2.7
-2.49
-1.89
-0.95
-0.64
Seasonally adjusted
2009
2008
IV
-5.4
-2.15
-2.41
-1.64
-0.84
I
-6.4
0.44
0.56
0.28
0.14
Line
2008
II
-1.0
-0.88
-0.92
-0.52
-0.27
6
0.04
-0.06
0.05
-0.22
-0.27
-0.13
-0.15
7
8
9
0.26
0.01
0.39
0.13
-0.05
-0.13
0.25
-0.13
0.35
-0.06
-0.03
-0.94
-0.30
-0.21
-0.78
0.20
0.07
0.29
-0.09
-0.02
-0.40
10
11
0.11
0.11
0.00
-0.01
0.03
0.16
-0.29
-0.27
-0.41
-0.21
0.03
-0.04
0.25
-0.16
12
13
14
0.02
0.16
1.09
-0.12
-0.01
0.32
-0.11
0.27
0.17
-0.42
0.04
-0.60
0.27
-0.43
0.26
0.17
0.12
-0.13
-0.03
-0.45
0.04
15
16
17
18
19
1.02
0.12
0.27
0.03
0.10
0.16
0.12
0.31
-0.11
0.00
0.13
0.11
0.28
-0.15
0.04
-0.79
-0.18
-0.06
-0.11
-0.08
0.06
0.46
0.19
-0.17
-0.10
0.34
0.02
0.37
-0.15
0.05
0.18
-0.11
0.24
0.00
-0.02
20
0.05
-0.02
0.11
-0.11
-0.35
-0.07
-0.09
21
22
0.28
0.18
-0.10
-0.04
-0.07
-0.18
-0.16
-0.09
-0.24
0.27
0.03
0.10
0.16
0.00
23
0.07
0.16
0.05
0.18
0.20
-0.46
-0.14
24
0.18
0.24
0.17
0.07
0.24
-0.22
-0.07
25
26
27
28
29
30
0.11
-0.65
-0.35
0.70
0.49
0.20
0.09
-1.18
-0.81
0.19
0.39
-0.20
0.12
-1.66
-0.41
0.19
0.56
-0.38
-0.11
-1.04
-1.30
-0.73
0.00
-0.73
0.04
-3.91
-3.28
-2.47
-0.31
-2.15
0.24
-8.98
-6.62
-5.29
-2.28
-3.01
0.06
-2.64
-1.82
-0.94
-0.34
-0.59
31
0.29
0.22
0.26
-0.17
-0.70
-0.79
-0.16
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
0.11
0.11
0.08
0.06
-0.14
-0.01
-1.05
-0.30
0.03
-0.33
0.63
0.96
0.57
0.39
-0.33
-0.24
-0.09
0.05
0.11
0.06
-0.05
-0.35
-0.03
-1.00
-0.37
-0.04
-0.33
1.20
0.64
0.48
0.16
0.56
0.58
-0.02
0.03
0.09
0.14
-0.02
-0.58
-0.04
-0.60
-1.25
0.34
-1.59
2.35
1.47
1.17
0.30
0.88
0.67
0.21
-0.19
-0.06
0.07
-0.15
-0.54
0.13
-0.57
0.26
-0.09
0.35
-0.10
-0.48
-0.17
-0.31
0.38
0.55
-0.17
-0.19
-0.17
-0.34
-0.20
-0.87
-0.38
-0.81
-0.64
0.10
-0.74
0.45
-2.67
-2.50
-0.17
3.12
3.09
0.03
-0.08
-0.47
-0.24
-0.82
-0.92
-0.48
-1.33
-2.36
0.05
-2.41
2.64
-3.95
-3.41
-0.54
6.58
6.25
0.34
0.02
-0.22
0.03
-0.18
0.14
-0.39
-0.88
-0.83
0.07
-0.89
1.38
-0.76
-0.68
-0.09
2.14
1.82
0.32
49
50
51
52
53
54
55
56
57
58
59
0.32
0.09
0.10
0.07
0.04
-0.01
-0.02
0.00
0.23
0.17
0.06
0.59
0.53
0.37
0.27
0.10
0.16
0.14
0.02
0.06
0.07
-0.01
0.71
0.55
0.34
0.10
0.24
0.21
0.16
0.05
0.15
0.02
0.14
0.95
0.93
0.93
0.81
0.13
0.00
-0.02
0.02
0.01
0.08
-0.06
0.24
0.49
0.20
0.15
0.05
0.29
0.16
0.13
-0.25
0.04
-0.28
-0.52
-0.33
-0.27
-0.22
-0.05
-0.06
0.06
-0.11
-0.19
-0.04
-0.15
1.12
0.82
0.67
0.52
0.15
0.15
0.15
0.00
0.30
-0.01
0.31
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world;
includes membership dues and fees.
4. Excludes software “embedded,” or bundled, in computers and other equipment.
2007
II
Gross domestic product...
Personal consumption
expenditures........................
Goods...................................
Durable goods....................
Motor vehicles and parts...
Furnishings and durable
household equipment....
Recreational goods and
vehicles......................
Other durable goods........
Nondurable goods..............
Food and beverages
purchased for offpremises consumption
Clothing and footwear......
Gasoline and other energy
goods.........................
Other nondurable goods....
Services................................
Household consumption
expenditures (for services)
Housing and utilities........
Health care.....................
Transportation services....
Recreation services.........
Food services and
accommodations.........
Financial services and
insurance....................
Other services................
Final consumption
expenditures of nonprofit
institutions serving
households (NPISHs)1....
Gross output of nonprofit
institutions 2................
Less: Receipts from sales
of goods and services
by nonprofit institutions 3
Gross private domestic
investment............................
Fixed investment....................
Nonresidential....................
Structures......................
Equipment and software....
Information processing
equipment and
software..................
Computers and
peripheral
equipment............
Software 4...............
Other......................
Industrial equipment....
Transportation
equipment...............
Other equipment..........
Residential.........................
Change in private inventories ....
Nonfarm.............................
Net exports of goods and
2009
2008
III
IV
I
II
1 104.872 105.331 106.147 105.430 103.984 102.271 102.010
2 105.612 105.351 106.032 105.088 104.267 104.425 104.099
3 106.499 104.296 105.983 103.895 101.186 101.817 100.780
4 108.543 103.692 106.354 103.083 97.401 98.345 96.560
5 98.225 84.820 88.233 82.459 74.747 75.971 73.595
6 107.476 104.398 107.088 103.967 100.103
98.300
96.302
7 126.070 132.849 135.239 134.371 129.982 132.895 131.537
8 104.591 99.569 100.455 99.769 94.384 96.050 95.633
9 105.405 104.513 105.738 104.219 102.929 103.405 102.740
10 105.363 105.371 106.602 105.199 103.214 103.371 104.522
11 109.630 109.341 112.058 108.808 106.292 105.841 103.983
12 98.643 94.298 95.103 91.883 94.226 96.186 95.874
13 106.788 106.686 107.441 107.662 105.524 106.094 103.950
14 105.147 105.883 106.047 105.697 105.837 105.761 105.783
1b
16
17
18
19
104.793
103.093
104.524
100.853
107.094
105.181
104.069
107.635
95.765
107.045
105.427
104.072
107.770
96.420
107.839
104.957
103.710
107.614
95.190
106.983
104.983
104.640
108.088
93.268
105.922
105.174
104.676
108.993
91.592
106.402
105.276
104.460
109.583
91.590
106.172
20 104.253 103.825 104.880 104.179 102.017 101.598 101.074
21 108.372 106.615 107.178 106.436 105.336 105.444 106.155
22 106.326 105.640 105.354 104.984 106.087 106.472 106.467
23 114.383 124.554 122.472 125.383 128.650 121.155 118.952
24 105.709 109.383 109.191 109.438 110.338 109.511 109.240
25 102.937 104.611 104.994 104.429 104.612 105.775 106.074
26
27
28
29
30
98.801 91.585 93.292 91.643 85.519 71.746 67.760
100.189 95.106 97.291 95.199 89.964 79.514 76.687
114.617 116.502 119.083 117.210 111.040 98.061 95.791
125.495 138.392 140.215 140.191 137.603 119.243 116.495
110.184 107.332 110.258 107.577 99.808 89.143 87.076
31 116.924 123.885 126.519 125.088 119.436 113.092 111.788
32
33
34
35
144.893
110.781
113.404
113.341
157.032
117.896
118.346
109.426
166.978
119.412
120.071
111.860
154.508
118.466
121.503
108.778
36 97.625 70.937 77.618 66.981
37 102.872 100.749 101.098 103.582
38 75.490 58.213 59.738 57.208
39
40
41
141.747 136.221 137.862
115.688 108.007 104.447
114.554 109.792 110.475
104.733 88.186 84.539
50.037
96.467
53.549
32.912
87.888
47.478
35.408
81.094
43.541
4?
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................
43
44
45
46
47
48
118.472
117.512
120.644
108.188
107.709
110.754
124.842
124.436
125.759
104.721
103.472
111.478
127.997
128.016
127.965
105.853
105.035
110.211
126.828
127.446
125.429
105.259
104.045
111.849
120.149
118.407
124.054
100.547
98.517
111.605
109.922
105.520
119.619
89.804
86.326
108.238
107.954
102.970
118.912
86.210
82.658
104.974
49
50
51
52
53
54
55
56
57
58
59
103.090
103.434
103.806
102.432
113.578
102.653
101.675
109.550
102.886
102.523
104.431
106.252
111.362
111.939
109.088
132.547
110.153
108.959
118.607
103.355
103.255
103.800
105.782
109.698
109.597
106.525
131.867
109.925
109.100
115.662
103.549
103.144
105.273
107.036
113.152
114.668
111.499
137.614
109.956
108.873
117.586
103.576
103.341
104.575
107.346
114.946
115.732
112.401
139.865
113.288
110.931
130.316
103.061
103.431
101.554
106.639
113.693
114.219
111.005
137.493
112.576
111.598
119.377
102.660
103.323
99.976
108.110
116.672
117.840
114.179
144.409
114.221
113.489
119.171
103.281
103.305
103.144
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world;
includes membership dues and fees.
4. Excludes software “embedded,” or bundled, in computers and other equipment.
D -1 0
N a tio n a l
D a ta
A u g u s t
Table 1.5.4. Price Indexes for G
ross Dom
estic Product, Expanded Detail
Table 1.5.5. G
ross Dom
estic Product, Expanded Detail
[Index num bers, 2005=100]
2 0 0 9
[Billions of dollars]
Seasonally adjusted
Line
2007
2008
2008
II
Gross domestic product....
Personal consumption
expenditures........................
Goods...................................
Durable goods....................
Motor vehicles and parts...
Furnishings and durable
household equipment....
Recreational goods and
vehicles......................
Other durable goods........
Nondurable goods..............
Food and beverages
purchased for offpremises consumption
Clothing and footwear......
Gasoline and other energy
goods.........................
Other nondurable goods....
Services................................
Household consumption
expenditures (for services)
Housing and utilities........
Health care.....................
Transportation services...
Recreation services.........
Food services and
accommodations.........
Financial services and
insurance....................
Other services................
Final consumption
expenditures of nonprofit
institutions serving
households (NPISHs)1....
Gross output of nonprofit
institutions 2
................
Less: Receipts from sales
of goods and services
by nonprofit institutions 3
Gross private domestic
investment............................
Fixed investment.....................
Nonresidential....................
Structures......................
Equipment and software....
Information processing
equipment and
software..................
Computers and
peripheral
equipment...........
Software 4..............
Other......................
Industrial equipment....
Transportation
equipment..............
Other equipment..........
Residential.........................
Change in private inventories....
III
Seasonally adjusted at annual rates
2009
IV
I
Line
1 106.221 108.481 108.061 109.130 109.155 109.661 109.726
2 105.502 109.031 109.021 110.273 108.855 108.449 108.804
3 102.789 106.150 106.678 108.451 103.784 102.186 102.853
4 96.714 95.537 95.832 95.537 94.743 94.326 94.399
5 99.483 98.523 98.999 98.594 96.905 96.689 97.893
6
98.665
98.049
97.728
98.207
98.082
98.574
98.882
7 88.301 84.337 84.718 83.923 83.030 81.789 80.664
8 106.078 111.534 112.383 112.385 112.853 112.707 113.374
9 106.250 112.188 112.838 115.759 108.971 106.739 107.723
10 105.623 111.926 110.887 113.383 114.690 114.382 113.340
11 98.638 97.823 97.351 98.449 97.354 98.186 98.362
12 122.378 143.694 152.330 164.604 111.728 92.354 94.923
13 103.539 106.098 105.737 106.302 107.176 108.596 111.253
14 106.964 110.582 110.296 111.275 111.542 111.749 111.943
15
16
17
18
19
107.105
108.047
106.840
106.622
106.213
110.838
111.926
109.726
112.403
109.517
110.544
111.617
109.364
111.795
109.207
111.528
112.836
110.113
113.545
110.389
111.837
113.029
110.721
114.588
110.038
112.113
113.400
111.416
115.115
110.270
112.313
113.280
112.101
114.582
110.166
20 107.348 111.599 110.857 112.317 113.305 113.783 114.201
21 106.726 109.986 110.252 110.389 109.713 108.695 108.783
22 106.374 110.819 110.567 111.614 112.136 112.478 112.799
23 103.525 104.531 104.415 105.276 104.641 103.349 103.418
24 106.807 109.691 109.420 110.249 110.478 110.752 111.387
25 107.947 111.530 111.198 112.012 112.582 113.457 114.301
26
27
28
29
30
106.677
106.718
106.209
121.275
100.715
107.355
107.551
107.897
125.207
101.455
106.745
107.210
107.161
123.800
101.019
107.350
107.866
108.314
125.814
101.797
108.738
108.217
109.498
128.238
102.415
108.245
107.668
109.154
127.092
102.450
107.566
106.987
108.121
124.100
102.325
31
96.698
95.600
95.827
95.686
95.170
94.578
94.050
32 78.065 69.960 70.596 69.291 67.933 66.328 64.576
33 101.700 102.748 102.940 103.160 102.595 102.145 101.767
34 100.112 100.487 100.538 100.625 100.624 100.416 100.390
35 106.771 110.942 110.426 112.127 112.339 112.055 112.083
36 102.425 102.641 101.677 103.135 104.457 109.015 112.310
37 104.601 108.231 106.073 108.435 112.694 113.120 112.874
38 107.513 105.779 106.838 105.807 103.198 101.915 102.539
39
40
41
Net exports of goods and
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................
4V
43
44
45
46
47
48
107.103
107.015
107.305
108.017
108.046
107.863
112.389
112.366
112.445
119.559
120.323
115.682
113.890
114.430
112.686
123.069
124.224
117.278
115.638
116.010
114.813
125.203
126.362
119.415
108.871
107.820
111.220
112.730
112.592
113.238
105.265
103.588
108.910
103.746
102.402
109.655
105.368
104.208
107.988
104.845
103.779
109.574
49
50
51
52
53
54
55
56
57
58
59
109.552
107.754
108.286
109.011
103.524
106.672
107.333
102.301
110.615
109.941
113.482
114.502
110.938
111.913
112.891
105.630
108.935
109.848
102.951
116.642
116.057
119.132
114.772
111.265
112.402
113.491
105.485
108.922
109.858
102.785
116.877
116.655
117.808
115.963
111.784
113.059
114.144
106.170
109.149
110.057
103.207
118.493
118.193
119.750
114.233
110.628
111.334
112.120
106.140
109.198
110.109
103.237
116.396
115.003
122.372
113.924
111.084
111.584
112.502
105.650
110.085
111.136
103.258
115.587
113.738
123.579
114.093
111.256
111.719
112.691
105.489
110.332
111.423
103.242
115.755
114.150
122.674
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world;
includes membership dues and fees.
4. Excludes software “embedded,” or bundled, in computers and other equipment.
2007
2008
II
2008
II
Gross domestic product....
Personal consumption
expenditures........................
Goods...................................
Durable goods....................
Motor vehicles and parts...
Furnishings and durable
household equipment....
Recreational goods and
vehicles......................
Other durable goods........
Nondurable goods..............
Food and beverages
purchased for offpremises consumption
Clothing and footwear......
Gasoline and other energy
goods.........................
Other nondurable goods....
Services................................
Household consumption
expenditures (for services)
Housing and utilities.........
Health care.....................
Transportation services....
Recreation services.........
Food services and
accommodations.........
Financial services and
insurance....................
Other services................
Final consumption
expenditures of nonprofit
institutions serving
households (NPISHs)1....
Gross output of nonprofit
institutions 2................
Less: Receipts from sales
of goods and services
by nonprofit institutions 3
Gross private domestic
investment
Fixed investment.....................
Nonresidential.....................
Structures......................
Equipment and software....
Information processing
equipment and
software..................
Computers and
peripheral
equipment............
Software 4...............
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................
III
2009
IV
I
II
1 14,077.6 14,441.4 14,497.8 14,546.7 14,347.3 14,178.0 14,149.8
2
3
4
5
9,826.4 10,129.9 10,194.7 10,220.1 10,009.8
3,365.0 3,403.2 3,474.9 3,463.0 3,227.5
1,160.5 1,095.2 1,126.5 1,088.5 1,019.9
400.3
342.3
332.7
357.5
296.4
9,987.7
3,197.7
1,025.2
300.6
9,989.0
3,185.8
1,007.4
294.8
6
279.8
270.1
276.2
269.4
259.1
255.7
251.3
7
8
9
337.7
142.7
2,204.5
339.9
142.8
2,308.0
347.5
145.2
2,348.4
342.0
144.3
2,374.5
327.3
137.1
2,207.6
329.6
139.3
2,172.4
321.8
139.5
2,178.3
10
11
740.1
341.2
784.3
337.5
786.3
344.2
793.4
338.0
787.5
326.5
786.5
327.9
788.0
322.7
12
13
14
368.0
755.2
6,461.4
413.0
773.2
6,726.8
441.9
776.0
6,719.8
461.4
781.7
6,757.1
321.2
772.5
6,782.3
271.0
787.0
6,790.0
277.6
790.0
6,803.2
15
16
17
18
19
6,207.9
1,763.1
1,469.6
307.4
371.7
6,448.0
1,843.7
1,554.2
307.8
383.1
6,446.1
1,838.6
1,551.0
308.3
384.9
6,474.5
1,852.2
1,559.3
309.1
385.9
6,494.1
1,872.1
1,574.9
305.7
380.9
6,522.0
1,878.8
1,598.0
301.6
383.4
6,539.9
1,873.0
1,616.5
300.2
382.2
20
587.9
608.7
610.8
614.7
607.3
607.3
606.4
21
22
824.2
884.0
835.6
915.0
842.1
910.5
837.3
915.9
823.5
929.8
816.7
936.0
822.9
938.6
23
253.5
278.7
273.7
282.6
288.2
268.0
263.3
24
987.5
1,049.4
1,044.9
1,055.2
1,066.1
1,060.8
1,064.2
25
734.0
770.7
771.2
772.7
778.0
792.7
800.9
26
27
28
29
30
2,288.5
2,269.1
1,640.2
535.4
1,104.8
2,136.1
2,170.8
1,693.6
609.5
1,084.1
2,164.6
2,214.0
1,719.7
610.6
1,109.2
2,142.7
2,179.7
1,711.0
620.4
1,090.6
2,022.1
2,066.6
1,638.7
620.7
1,018.0
1,689.9
1,817.2
1,442.6
533.1
909.5
1,585.5
1,741.6
1,395.9
508.6
887.4
31
537.4
562.9
576.2
568.8
540.2
508.3
499.6
32
33
34
35
89.2
245.6
202.5
193.2
86.7
264.1
212.1
193.8
92.9
268.0
215.3
197.3
84.3
266.4
218.1
194.8
75.8
258.7
205.6
187.9
71.1
240.5
196.7
157.8
70.1
231.7
197.8
151.3
36
37
38
39
40
41
181.7
192.6
629.0
19.4
-0.6
20.0
132.3
195.1
477.2
-34.8
-7.1
-27.7
143.8
192.0
494.2
-49.3
-3.2
-46.1
125.9
201.1
468.6
-37.0
-7.5
-29.4
95.3
194.7
427.8
-44.5
-3.7
-40.8
65.4
178.0
374.6
-127.4
-1.3
-126.1
72.5
163.9
345.6
-156.0
1.2
-157.2
42
43
44
45
46
47
48
-713.8
1,655.9
1,139.4
516.5
2,369.7
1,987.7
382.1
-707.8
1,831.1
1,266.9
564.2
2,538.9
2,126.4
412.4
-738.7
1,901.5
1,326.2
575.3
2,640.2
2,226.8
413.4
-757.5
1,913.1
1,338.5
574.6
2,670.5
2,243.3
427.2
-590.5
1,706.2
1,155.7
550.5
2,296.7
1,892.5
404.2
-378.5
1,509.3
989.5
519.8
1,887.9
1,508.2
379.6
-347.8
1,483.7
971.4
512.4
1,831.5
1,463.6
367.9
49
50
51
52
53
54
55
56
57
58
59
2,676.5
976.7
662.1
574.9
87.3
314.5
273.9
40.6
1,699.8
1,366.1
333.7
2,883.2
1,082.6
737.9
634.0
103.9
344.7
300.4
44.3
1,800.6
1,452.4
348.2
2,877.1 2,941.4
1,069.5 1,108.3
725.6
763.6
622.4
655.2
103.2
108.4
343.9
344.7
300.8
300.7
43.1
44.0
1,807.6 1,833.1
1,458.3 1,480.4
349.2
352.7
2,905.9
1,114.3
758.9
648.8
110.1
355.3
306.6
48.8
1,791.7
1,441.7
350.0
2,879.0
1,106.7
750.7
642.9
107.8
356.0
311.3
44.7
1,772.3
1,424.4
347.9
2,923.0
1,137.4
775.4
662.4
113.0
362.0
317.4
44.6
1,785.6
1,429.3
356.3
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes
membership dues and fees.
4. Excludes software “embedded,” or bundled, in computers and other equipment.
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
D - 1 1
u s in e s s
Table 1.5.6. R Gross Dom
eal
estic Product, Expanded Detail, Chained Dollars
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
II
Gross domestic product.................................................................................................
Personal consumption expenditures......................................................................................
Goods................................................................................................................................
Durable goods.............................
Motor vehicles and parts............
Furnishings and durable household equipment................................................................
Recreational goods and vehicles.
Other durable goods.................
Nondurable goods........................
Food and beverages purchased for off-premises consumption...........................................
Clothing and footwear...............
Gasoline and other energy goods
Other nondurable goods............
Services.............................................................................................................................
Household consumption expenditures (for services).............................................................
Housing and utilities..................
Health care..............................
Transportation services.............
Recreation services..................
Food services and accommodations...............................................................................
Financial services and insurance....................................................................................
Other services..............................................................................................................
Final consumption expenditures of nonprofit institutions serving households (NPISHs)1...........
Gross output of nonprofit institutions 2.............................................................................
Less: Receipts from sales of goods and services by nonprofit institutions 3.........................
Gross private domestic investment
Fixed investment..................................................................................................................
Nonresidential........
Structures..........
Equipment and software
Information processing equipment and software
Computers and peripheral equipment4
Software 5............................................................................................................
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.......................
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to house
holds.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and
to the rest of the world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of
the world; includes membership dues and fees.
4. The quantity index for computers can be used to accurately measure the real growth of this compo
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
60
51
52
53
54
55
56
57
58
59
60
2009
2008
III
IV
I
II
13,254.1
9,313.9
3,273.7
1,199.9
402.4
283.6
382.4
134.5
2,074.8
700.7
345.9
300.7
729.4
6,040.8
5,796.1
1,631.8
1,375.5
288.3
350.0
547.7
772.3
831.0
244.9
924.6
680.0
2,146.2
2,126.3
1,544.3
441.4
1,097.0
555.7
13,312.2
9,290.9
3,206.0
1,146.3
347.5
275.5
403.0
128.0
2,057.3
700.7
345.0
287.4
728.7
6,083.1
5,817.6
1,647.2
1,416.4
273.8
349.8
545.4
759.8
825.7
266.6
956.7
691.0
1,989.4
2,018.4
1,569.7
486.8
1,068.6
588.8
13,415.3
9,351.0
3,257.8
1,175.7
361.4
282.6
410.3
129.2
2,081.4
708.9
353.6
289.9
733.9
6,092.5
5,831.2
1,647.3
1,418.2
275.7
352.4
550.9
763.8
823.4
262.2
955.0
693.5
2,026.5
2,064.8
1,604.4
493.2
1,097.7
601.3
13,324.6
9,267.7
3,193.6
1,139.6
337.8
274.4
407.6
128.3
2,051.5
699.6
343.3
280.1
735.4
6,072.4
5,805.2
1,641.6
1,416.1
272.1
349.6
547.3
758.5
820.6
268.4
957.2
689.8
1,990.7
2,020.4
1,579.2
493.1
1,071.0
594.5
13,141.9
9,195.3
3,110.4
1,076.8
306.2
264.2
394.3
121.4
2,026.1
686.4
335.4
287.2
720.8
6,080.4
5,806.6
1,656.3
1,422.4
266.7
346.1
535.9
750.6
829.2
275.4
965.1
691.0
1,857.7
1,909.3
1,496.1
484.0
993.7
567.6
12,925.4
9,209.2
3,129.8
1,087.2
311.2
259.4
403.1
123.5
2,035.5
687.4
334.0
293.2
724.7
6,076.0
5,817.2
1,656.9
1,434.3
261.9
347.7
533.7
751.4
832.2
259.4
957.8
698.7
1,558.5
1,687.5
1,321.2
419.4
887.5
537.5
12,892.4
9,180.5
3,097.9
1,067.5
301.5
254.1
399.0
123.0
2,022.4
695.1
328.1
292.2
710.0
6,077.3
5,822.8
1,653.4
1,442.1
261.9
347.0
530.9
756.5
832.1
254.6
955.5
700.7
1,471.9
1,627.5
1,290.6
409.8
866.9
531.3
241.5
202.3
180.9
177.4
184.1
585.0
19.5
-0.8
20.4
-647.7
1,546.1
1,064.8
481.3
2,193.8
1,839.6
354.2
2,443.1
906.4
611.5
527.4
84.3
294.9
255.2
39.7
1,536.7
1,242.6
294.0
-8.7
257.0
211.1
174.7
128.9
180.3
451.1
-25.9
-5.3
-20.4
-494.3
1,629.3
1,127.5
501.7
2,123.5
1,767.3
356.5
2,518.1
975.9
659.4
561.6
98.4
316.4
273.5
43.0
1,543.7
1,251.5
292.3
-1.2
260.3
214.2
178.6
141.0
180.9
462.9
-37.1
-1.6
-35.8
-476.0
1,670.4
1,159.9
510.5
2,146.5
1,794.0
352.5
2,506.9
961.3
645.6
548.4
97.9
315.8
273.8
41.9
1,546.6
1,250.1
296.4
-5.5
258.3
216.7
173.7
121.7
185.4
443.3
-29.7
-5.0
-24.5
-479.2
1,655.2
1,154.8
500.4
2,134.4
1,777.1
357.7
2,536.6
991.6
675.4
574.0
102.1
315.9
273.3
42.6
1,547.0
1,252.5
294.4
1.0
252.2
204.3
167.2
90.9
172.6
415.0
-37.4
-1.9
-35.7
-470.9
1,568.0
1,072.9
494.9
2,038.9
1,682.6
356.9
2,544.0
1,007.3
681.7
578.7
103.8
325.4
278.4
47.2
1,539.3
1,253.6
285.9
8.4
235.5
195.8
140.8
59.8
157.3
367.9
-113.9
0.3
-114.9
-386.5
1,434.5
956.1
477.2
1,821.0
1,474.4
346.2
2,527.2
996.3
672.8
571.5
102.0
323.4
280.1
43.3
1,533.3
1,252.3
281.5
-1.1
227.7
197.1
135.0
64.3
145.1
337.4
-141.1
2.7
-144.4
-339.3
1,408.9
933.0
474.4
1,748.2
1,411.8
335.7
2,562.1
1,022.4
694.1
587.8
107.2
328.1
284.9
43.2
1,542.6
1,252.1
290.4
1.7
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 1.5.2, and real growth rates are shown in table 1.5.1.
5. Excludes software ‘‘embedded,’ or bundled, in computers and other equipment.
Note. The residual line is the difference between the first line and the sum of the most detailed lines.
D -1 2
N a t io n a l
D a ta
A u g u s t
Table 1.6.4. Price Indexes for
Gross Dom
estic Purchases
Table 1.6.7. Percent Change FromPreceding Period in Prices for
Gross Dom
estic Purchases
[Index numbers, 2005=100]
2 0 0 9
[Percent]
Seasonally adjusted
Line
2007
2008
2008
II
Gross domestic purchases........
Personal consumption
expenditures.............................
Goods.......................................
Durable goods........................
Motor vehicles and parts......
Furnishings and durable
household equipment.......
Recreational goods and
vehicles..........................
Other durable goods.............
Nondurable goods...................
Food and beverages
purchased for off-premises
consumption....................
Clothing and footwear...........
Gasoline and other energy
goods..............................
Other nondurable goods.......
Services.....................................
Household consumption
expenditures.......................
Housing and utilities.............
Health care.........................
Transportation services........
Recreation services.............
Food services and
accommodations.............
Financial services and
insurance........................
Other services.....................
Final consumption expenditures
of nonprofit institutions serving
households (NPISHs)...........
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..............................
Government consumption
expenditures and gross
investment................................
Federal.......
National defense.....................
Consumption expenditures....
Gross investment.................
Nondefense............................
Consumption expenditures...
Gross investment.................
State and local............................
Consumption expenditures....
Gross investment.................
Addenda:
Final sales of computers to
domestic purchasers2............
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
Food 3.......................................
Energy goods and services..........
Gross domestic purchases
excluding food and energy........
Gross domestic product..............
Gross domestic product
excluding final sales of
computers.......................
Food 3................................
Energy goods and services
Gross domestic product
excluding food and energy
Final sales of domestic product....
Final sales to domestic purchasers
III
Seasonally adjusted at annual rates
2009
IV
I
Line
105.502
102.789
96.714
99.483
6 98.665
109.031
106.150
95.537
98.523
109.021
106.678
95.832
98.999
110.273
108.451
95.537
98.594
108.855
103.784
94.743
96.905
98.049 97.728 98.207 98.082
108.449
102.186
94.326
96.689
108.804
102.853
94.399
97.893
98.574 98.882
7 88.301 84.337 84.718 83.923 83.030 81.789 80.664
8 106.078 111.534 112.383 112.385 112.853 112.707 113.374
q 106.250 112.188 112.838 115.759 108.971 106.739 107.723
10 105.623 111.926 110.887 113.383 114.690
11 98.638 97.823 97.351 98.449 97.354
12 122.378 143.694 152.330 164.604 111.728
13 103.539 106.098 105.737 106.302 107.176
14 106.964 110.582 110.296 111.275 111.542
15
16
17
18
19
107.105
108.047
106.840
106.622
106.213
110.838
111.926
109.726
112.403
109.517
110.544
111.617
109.364
111.795
109.207
111.528
112.836
110.113
113.545
110.389
111.837
113.029
110.721
114.588
110.038
20 107.348 111.599 110.857 112.317 113.305
21 106.726 109.986 110.252 110.389 109.713
22 106.374 110.819 110.567 111.614 112.136
23
24
25
26
27
28
103.525
106.677
106.718
106.209
121.275
100.715
104.531
107.355
107.551
107.897
125.207
101.455
104.415
106.745
107,210
107.161
123.800
101.019
105.276
107.350
107.866
108.314
125.814
101.797
104.641
108.738
108.217
109.498
128.238
102.415
29 96.698 95.600 95.827 95.686 95.170
30
31
32
33
34
35
36
37
38
39
78.065
101.700
100.112
106.771
102.425
104.601
107.513
40
41
42
43
44
45
46
47
48
49
50
109.552
107.754
108.286
109.011
103.524
106.672
107.333
102.301
110.615
109.941
113.482
51
76.909
69.960
102.748
100.487
110.942
102.641
108.231
105.779
114.502
110.938
111.913
112.891
105.630
108.935
109.848
102.951
116.642
116.057
119.132
70.596
102.940
100.538
110.426
101.677
106.073
106.838
114.772
111.265
112.402
113.491
105.485
108.922
109.858
102.785
116.877
116.655
117.808
68.284 69.241
69.291
103.160
100.625
112.127
103.135
108.435
105.807
115.963
111.784
113.059
114.144
106.170
109.149
110.057
103.207
118.493
118.193
119.750
67.933
102.595
100.624
112.339
104.457
112.694
103.198
114.233
110.628
111.334
112.120
106.140
109.198
110.109
103.237
116.396
115.003
122.372
67.363 65.536
52 106.748 110.279 110.220 111.414 110.347
53 105.607 111.710 110.497 113.021 114.812
54 118.170 134.804 139.459 149.168 117.304
55 105.984 108.689 108.544 109.317 109.151
56 106.221 108.481 108.061 109.130 109.155
57 106.492 108.888 108.455 109.558 109.606
58 106.516 113.980 113.391 115.831 115.703
59 105.791 84.554 72.480 84.420 99.311
60 106.213 108.640 108.448 109.234 109.019
61 106.226 108.507 108.127 109.202 109.078
62 106.412 109.792 109.785 110.940 109.718
2008
II
Gross domestic purchases........
Personal consumption
expenditures.............................
Goods.......................................
Durable goods........................
Motor vehicles and parts......
Furnishings and durable
household equipment.......
Recreational goods and
vehicles...........................
Other durable goods.............
Food and beverages
purchased for off-premises
114.382 113.340
consumption....................
98.186 98.362
Clothing and footwear...........
Gasoline and other energy
92.354 94.923
goods..............................
108.596 111.253
Other nondurable goods.......
111.749 111.943
Services.....................................
Household consumption
112.113 112.313
expenditures.......................
113.400 113.280
Housing and utilities.............
111.416 112.101
Health care.........................
115.115 114.582
Transportation services.........
110.270 110.166
Recreation services.............
Food services and
113.783 114.201
accommodations.............
Financial services and
108.695 108.783
insurance........................
112.478 112.799
Other services.....................
Final consumption expenditures
of nonprofit institutions serving
103.349 103.418
households (NPISHs)...........
108.245 107.566
Gross private domestic investment
107.668 106.987
Fixed investment.........................
109.154 108.121
Nonresidential.........................
127.092 124.100
Structures...........................
102.450 102.325
Equipment and software.......
Information processing
94.578 94.050
equipment and software
Computers and
66.328 64.576
peripheral equipment
102.145 101.767
Software 1....................
100.416 100.390
Other...........................
112.055 112.083
Industrial equipment.........
Transportation equipment
109.015 112.310
113.120 112.874
Other equipment..............
101.915 102.539
Residential..............................
37
S
H
..........
Nonfarm.................................
Government consumption
expenditures and gross
113.924 114.093
investment................................
111.084 111.256
Federal......................................
111.584 111.719
National defense.....................
112.502 112.691
Consumption expenditures...
105.650 105.489
Gross investment.................
Nondefense............................
110.085 110.332
111.136 111.423
Consumption expenditures....
103.258 103.242
Gross investment.................
State and local............................
115.587 115.755
113.738 114.150
Consumption expenditures....
Gross investment.................
123.579 122.674
Addenda:
Final sales of computers to
domestic purchasers 2.............
64.021 62.098
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers.............................
109.969 110.202
114.498 113.531
Food 3.......................................
Energy goods and services..........
104.867 104.359
Gross domestic purchases
excluding food and energy........
109.215 109.510
Gross domestic product...............
109.661 109.726
Gross domestic product
excluding final sales of
110.134 110.227
computers.......................
Food 3................................
115.433 114.898
121.249 112.212
Energy goods and services....
Gross domestic product
109.144 109.446
excluding food and energy
109.566 109.623 .
Final sales of domestic product....
Final sales to domestic purchasers
109.311 109.502
1. Excludes software “embedded," or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
services.
2008
II
1 106.408 109.765 109.722 110.871 109.790 109.395 109.596
2
3
4
5
2007
III
2009
IV
I
II
1
2.9
3.2
3.9
4.3
-3.8
-1.4
0.7
2
3
4
5
2.7
1.3
-1.8
-0.6
3.3
3.3
-1.2
-1.0
3.9
3.8
-0.9
-2.4
4.7
6.8
-1.2
-1.6
-5.0
-16.1
-3.3
-6.7
-1.5
-6.0
-1.7
-0.9
1.3
2.6
0.3
5.1
6
-0.8
-0.6
-1.8
2.0
-0.5
2.0
1.3
7
8
q
-6.3
4.1
2.9
-4.5
5.1
5.6
-4.4
15.0
61
-3.7
0.0
108
-4.2
1.7
-21.5
-5.8
-0.5
-7 9
-5.4
2.4
37
10
11
3.8
-0.9
6.0
-0.8
8.1
-3.2
9.3
4.6
4.7
-4.4
-1.1
3.5
-3.6
0.7
12
13
14
8.4
1.3
3.4
17.4
2.5
3.4
18.1
2.1
4.0
36.3
2.2
3.6
-78.8
3.3
1.0
-53.3
5.4
0.7
11.6
10.2
0.7
15
16
17
18
19
3.5
3.6
3.7
2.3
2.8
3.5
3.6
2.7
5.4
3.1
4.1
5.2
2.4
7.9
2.9
3.6
4.4
2.8
6.4
4.4
1.1
0.7
2.2
3.7
-1.3
1.0
1.3
2.5
1.9
0.8
0.7
-0.4
2.5
-1.8
-0.4
20
3.9
4.0
3.5
5.4
3.6
1.7
1.5
21
22
4.3
2.9
3.1
4.2
2.4
6.0
0.5
3.8
-2.4
1.9
-3.7
1.2
0.3
1.1
23
24
25
26
27
28
1.4
2.2
2.2
2.6
7.4
0.5
1.0
0.6
0.8
1.6
3.2
0.7
2.4
0.6
1.1
2.1
2.7
1.7
3.3
2.3
2.5
4.4
6.7
3.1
-2.4
5.3
1.3
4.4
7.9
2.5
-4.8
-1.8
-2.0
-1.3
-3.5
0.1
0.3
-2.5
-2.5
-3.7
-9.1
-0.5
29
-1.5
-1.1
0.5
-0.6
-2.1
-2.5
-2.2
30
31
32
33
34
35
36
-10.7
0.5
0.5
3.5
1.5
2.2
1.3
-10.4
1.0
0.4
3.9
0.2
3.5
-1.6
-7.7
2.5
1.5
5.8
1.5
1.3
-1.6
-7.2
0.9
0.3
6.3
5.9
9.2
-3.8
-7.6
-2.2
0.0
0.8
5.2
16.7
-9.5
-9.1
-1.7
-0.8
-1.0
18.6
1.5
-4.9
-10.2
-1.5
-0.1
0.1
12.6
-0.9
2.5
40
41
42
43
44
45
46
4/
48
49
50
4.5
3.5
3.7
4.0
1.5
3.1
3.5
0.7
5.1
4.7
6.8
4.5
3.0
3.3
3.6
2.0
2.1
2.3
0.6
5.4
5.6
5.0
6.3
4.4
5.7
6.2
2.9
1.7
1.8
0.8
7.4
8.2
4.2
4.2
1.9
2.4
2.3
2.6
0.8
0.7
1.7
5.6
5.4
6.8
-5.8
-4.1
-6.0
-6.9
-0.1
0.2
0.2
0.1
-6.9
-10.4
9.1
-1.1
1.7
0.9
1.4
-1.8
3.3
3.8
0.1
-2.8
-4.3
4.0
0.6
0.6
0.5
0.7
-0.6
0.9
1.0
-0.1
0.6
1.5
-2.9
b1
-10.9
-11.2
-9.5
-10.4
-10.4
-8.9
-11.5
52
53
54
3.1
3.9
6.2
3.3
5.8
14.1
4.0
7.5
19.9
4.4
9.5
30.9
-3.8
6.5
-61.8
-1.4
-1.1
-36.1
0.9
-3.3
-1.9
bb
56
2.7
2.9
2.6
2.1
3.0
1.8
2.9
4.0
-0.6
0.1
0.2
1.9
1.1
0.2
b/
58
59
3.0
4.8
0.9
2.2
7.0
-20.1
2.0
8.9
-39.0
4.1
8.9
84.0
0.2
-0.4
91.5
1.9
-0.9
122.2
0.3
-1.8
-26.6
60
61
62
2.8
2.9
2.9
2.3
2.1
3.2
2.2
1.9
4.0
2.9
4.0
4.3
-0.8
-0.5
-4.3
0.5
1.8
-1.5
1.1
0.2
0.7
3q
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food
services.
A u g u s t
2 0 0 9
S
u r v e y
C
o f
u r r e n t
Table 1.6.8. Contributions to Percent Change inthe Gross Dom
estic
Purchases Price Index
B
D -1 3
u s in e s s
Table 1.7.1. Percent ChangefromPreceding Period in R G
eal ross Dom
estic
Product, R Gross National Product, and R Net National Product
eal
eal
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
II
Percent change at annual rate:
Gross domestic purchases.....
Percentage points at annual rates:
Personal consumption
expenditures...........................
Goods.....................................
Durable goods.......................
Motor vehicles and parts....
Furnishings and durable
household equipment.....
Recreational goods and
vehicles........................
Other durable goods...........
Nondurable goods.................
Food and beverages
purchased for off-premises
consumption..................
Clothing and footwear........
Gasoline and other energy
goods...........................
Other nondurable goods.....
Services..................................
Household consumption
expenditures......................
Housing and utilities...........
Healthcare.......................
Transportation services......
Recreation services............
Food services and
accommodations............
Financial services and
insurance......................
Other services...................
Final consumption expenditures
of nonprofit institutions
serving households
(NPISHs)..........................
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...............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense....................
Consumption expenditures
Gross investment...............
Nondefense..........................
Consumption expenditures
Gross investment...............
State and local..........................
Consumption expenditures
Gross investment...............
Addenda:
Final sales of computers to
domestic purchasers 2...........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers............................
Food 3.....................................
Energy goods and services........
Gross domestic purchases
excluding food and energy......
III
IV
I
Line
2007
2008
II
2.9
3.2
3.9
4.3
-3.8
-1.4
0.7
2
3
4
5
1.78
0.29
-0.15
-0.02
2.23
0.74
-0.09
-0.02
2.58
0.85
-0.07
-0.06
3.08
1.51
-0.09
-0.04
-3.43
-3.86
-0.23
-0.14
-1.01
-1.35
-0.12
-0.02
0.90
0.57
0.02
0.10
6
-0.02
-0.01
-0.03
0.04
-0.01
0.03
0.02
7
8
9
-0.15
0.04
0.44
-0.11
0.05
0.83
-0.10
0.13
0.91
-0.09
0.00
1.60
-0.09
0.02
-3.63
-0.13
0.00
-1.23
-0.12
0.02
0.55
Equals: Gross national product
Less: Consumption of fixed capital
Private......................
Government...............
General government
Government
enterprises.........
Equals: Net national product...
Addenda:
10
11
0.19
-0.02
0.30
-0.02
0.40
-0.07
0.46
0.10
0.24
-0.10
-0.06
0.08
-0.20
0.02
Net domestic product.............
Net domestic income 3...........
12
13
14
0.20
0.07
1.49
0.43
0.13
1.49
0.48
0.11
1.74
0.92
0.11
1.57
-3.94
0.17
0.43
-1.52
0.28
0.34
0.21
0.53
0.33
15
16
17
18
19
1.46
0.43
0.36
0.05
0.07
1.47
0.43
0.27
0.11
0.08
1.69
0.60
0.25
0.16
0.07
1.51
0.53
0.28
0.13
0.11
0.48
0.09
0.23
0.07
-0.03
0.44
0.17
0.27
0.04
0.02
0.32
-0.05
0.27
-0.04
-0.01
20
0.15
0.16
0.14
0.21
0.14
0.07
0.23
0.17
0.17
0.25
0.13
0.35
0.03
0.23
-0.13
0.11
-0.21
0.08
0.02
0.07
23
0.02
0.02
0.04
0.06
-0.05
-0.09
0.00
24
25
26
27
28
0.35
0.35
0.28
0.24
0.04
0.10
0.12
0.18
0.12
0.05
0.17
0.17
0.23
0.11
0.12
0.38
0.36
0.48
0.26
0.22
0.74
0.19
0.48
0.31
0.17
-0.22
-0.27
-0.13
-0.14
0.01
-0.28
-0.31
-0.37
-0.34
-0.03
29
-0.05
-0.04
0.01
-0.03
-0.08
-0.09
-0.08
30
31
32
33
34
35
36
37
38
39
-0.07
0.01
0.01
0.04
0.02
0.03
0.07
0.01
0.00
0.01
-0.07
0.02
0.01
0.05
0.00
0.04
-0.06
-0.02
-0.01
-0.02
-0.05
0.04
0.02
0.07
0.02
0.02
-0.06
0.00
-0.01
0.02
-0.05
0.02
0.00
0.08
0.05
0.11
-0.12
0.02
0.00
0.02
-0.04
-0.04
0.00
0.01
0.04
0.20
-0.29
0.55
0.01
0.54
-0.05
-0.03
-0.01
-0.01
0.09
0.02
-0.14
0.05
0.00
0.05
-0.05
-0.02
0.00
0.00
0.06
-0.01
0.06
0.03
0.00
0.03
III
IV
I
II
1
2.1
0.4
1.5
-2.7
-5.4
-6.4
-1.0
•?
16.3
-8.9
-11.0
-10.9
-41.4
-56.2
S
4
5
6
7
8
12.0
2.4
3.9
4.0
3.1
3.2
-13.4
0.6
3.3
3.3
3.3
3.5
11.3
0.2
3.0
2.9
3.2
3.4
-27.0
-1.8
2.0
1.9
2.6
2.7
-27.4
-6.7
1.1
0.9
2.0
2.1
-60.8
-6.6
1.5
1.1
3.6
4.0
9
10
2.5
2.2
2.0
0.2
1.9
-0.1
1.8
-2.4
1.5
-7.8
1.7
-7.7
1
1
1?
13
14
0.6
0.9
1.9
0.1
-0.4
-0.2
0.0
-0.9
-0.1
-1.3
1.2
-0.6
-1.1
-0.2
-3.3
-1.5
-7.3
-8.5
-6.3
-8.5
-6.8
-6.9
-7.6
-8.0
0.06
21
22
2009
2008
II
Gross domestic product..........
Plus: Income receipts from the
rest of the world....................
Less: Income payments to the rest
1
0.5
-0.2
4.0
4.5
1.8
-1.3
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.
T a b le 1.7.3. R e a l G ro s s D o m e s tic P ro d u c t, R e a l G ro s s N a tio n a l P ro d u c t,
a n d R e a l N e t N a tio n a l P ro d u c t, Q u a n tity In d e x e s
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
Gross domestic product..........
Plus: Income receipts from the
rest of the world....................
Less: Income payments to the rest
of the world...........................
Equals: Gross national product
Less: Consumption of fixed capital
Private......................
Government...............
General government
Government
enterprises.........
Equals: Net national product...
Addendum:
Net domestic product.............
III
2009
IV
II
I
1 104.872 105.331 106.147 105.430 103.984 102.271 102.010
2 141.675 129.019 134.019 130.190 113.899
92.642
‘ 147.760 127.986 136.471 126.147 116.451
A
92.143
102.219
112.421
112.631
111.308
112.094
4
5
6
7
8
104.925
107.698
108.054
105.888
106.230
105.552
111.279
111.656
109.363
109.980
106.267
111.123
111.523
109.093
109.699
105.773
111.680
112.054
109.783
110.433
103.965
111.994
112.319
110.330
111.009
112.573
112.583
112.418
113.332
9 104.187 106.309 106.094 106.568 106.976 107.431 107.920
10 104.542 104.764 105.599 104.960 102.863 100.819
11 104.478 104.506 105.456 104.563 102.875 100.867 100.549
T a b le 1 .7 .4 . P ric e in d e x e s f o r G r o s s D o m e s tic P r o d u c t, G r o s s N a tio n a l
40
41
42
43
44
45
46
47
48
49
50
0.80
0.23
0.16
0.16
0.01
0.07
0.06
0.00
0.57
0.42
0.15
0.83
0.20
0.16
0.14
0.01
0.05
0.05
0.00
0.63
0.52
0.11
1.14
0.30
0.26
0.24
0.02
0.04
0.04
0.00
0.84
0.75
0.09
0.80
0.14
0.11
0.10
0.02
0.02
0.02
0.00
0.66
0.51
0.15
-1.15
-0.30
-0.31
-0.31
0.00
0.01
0.01
0.00
-0.85
-1.05
0.20
-0.21
0.12
0.05
0.06
-0.01
0.08
0.08
0.00
-0.34
-0.43
0.09
0.12
0.05
0.03
0.03
0.00
0.02
0.02
0.00
0.07
0.14
-0.07
51
-0.11
-0.12
-0.11
-0.11
-0.10
-0.08
-0.11
52
53
54
3.04
0.19
0.24
3.27
0.29
0.54
4.00
0.38
0.85
4.36
0.47
1.19
-3.74
0.33
-3.64
-1.35
-0.06
-1.59
0.84
-0.19
-0.07
55
2.50
2.33
2.67
2.59
-0.53
0.22
0.99
1. Excludes software “embedded,” or bundled, in computers and other equipment,
2. Some components of final sales of computers include computer parts.
3. Food excludes personal consumption expenditures for purchased meals and
services.
Seasonally adjusted at annual rates
2009
2008
which are classified in food
P r o d u c t, a n d N e t N a tio n a l P r o d u c t
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
Gross domestic product..........
Plus: Income receipts from the
rest of the world....................
Less: Income payments to the rest
of the world...........................
Equals: Gross national product
Less: Consumption of fixed capital
Private......................
Government...............
General government
Government
enterprises.........
Equals: Net national product...
Addendum:
Net domestic product.............
III
2009
IV
I
II
1 106.221 108.481 108.061 109.130 109.155 109.661 109.726
2 106.148 109.452 109.428 110.637 109.428 109.151
3
4
5
6
7
8
106.097
106.223
106.023
105.363
109.470
109.320
109.561
108.484
107.688
106.585
113.465
113.077
109.557
108.067
107.171
106.082
112.871
112.543
110.733
109.138
107.950
106.777
114.089
113.692
109.596
109.149
108.969
107.783
115.174
114.679
109.378
109.647
108.706
107.396
115.561
115.012
108.009
106.677
114.981
114.448
9 110.230 115.441 114.538 116.115 117.705 118.373 117.706
10 106.252 108.599 108.197 109.312 109.174 109.787
11 106.251 108.597 108.192 109.304 109.181 109.804 109.987
D - 1 4
N a tio n a l
D a ta
A u g u s t
Table 1.7.5. Relation of G
ross Dom
estic Product, G
ross National Product,
Net National Product, National Incom and Personal Incom
e,
e
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross domestic product.........................................................................................................
1
7
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: Corporate profits with inventory valuation and capital consumption adjustments.....................
Taxes on production and imports less subsidies
Contributions for government social insurance, domestic...................................................
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:
3
4
5
6
7
8
9
10
11
12
13
14
15
1fi
17
18
19
20
21
22
23
24
25
26
71
?H
Gross national factor income 1
Net domestic product............................................................................................................
29
30
31
32
III
2009
IV
I
II
14,077.6
861.8
746.0
14,193.3
1,760.0
1,469.6
1,188.5
1,089.7
-98.8
281.1
290.4
242.4
48.1
12,433.3
-14.8
12,448.2
1,541.7
974.0
959.3
739.2
102.2
-6.6
-6.3
2,031.5
1,718.0
11,894.1
14,441.4
809.2
667.3
14,583.3
1,847.1
1,536.2
1,252.3
1,340.2
87.8
283.9
310.9
259.5
51.4
12,736.2
101.0
12,635.2
1,360.4
993.8
990.6
815.1
118.8
-6.9
-5.0
1,994.4
1,875.9
12,238.8
14,497.8
840.5
711.6
14,626.6
1,835.6
1,527.0
1,244.1
1,334.6
90.5
282.9
308.5
257.6
50.9
12,791.1
126.7
12,664.4
1,403.7
997.9
988.9
809.0
112.6
-6.3
0.0
1,997.3
1,937.0
12,292.9
14,546.7
825.6
664.8
14,707.5
1,858.2
1,544.4
1,260.3
1,346.2
85.9
284.0
313.8
262.0
51.8
12,849.3
68.3
12,781.0
1.454.6
1.005.7
994.9
806.1
116.0
-6.9
0.0
2,001.4
1,874.3
12,286.6
14,347.3
714.4
607.4
14,454.3
1,881.0
1,562.6
1,276.8
1,357.3
80.5
285.8
318.4
265.6
52.7
12,573.3
139.4
12,433.9
1,123.6
982.1
993.3
854.7
131.8
-8.9
-20.0
1,958.1
1,898.0
12,233.5
14,178.0
579.6
479.7
14,277.9
1,883.6
1,561.3
1,277.0
1,267.6
-9.3
284.4
322.3
269.0
53.2
12,394.3
152.1
12,242.2
1,182.7
963.2
973.9
826.2
137.9
-10.7
20.0
1,845.5
1,987.3
11,981.8
14.092.5
14,208.2
13.138.6
12,317.6
12,332.4
11,378.6
14,340.4
14,482.3
13,376.7
12,594.3
12,493.3
11,529.6
14,371.1
14,499.9
13,395.7
12,662.2
12,535.5
11,560.1
14.478.4
14,639.2
13.524.5
12,688.5
12,620.3
11,666.4
14,207.9
14,314.9
13,209.9
12,466.4
12,327.0
11,329.0
14.025.8
14.125.8
13,035.4
12,294.4
12,142.2
11,151.8
14,149.8
1,874.1
1,550.2
1,264.5
1,270.1
5.6
285.7
323.8
270.7
53.2
971.3
963.0
805.2
145.2
-8.9
0.0
1,782.5
2,135.2
11,989.8
12,275.7
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 miscellaneous payments, and consumption of fixed capital.
2. Consists of gross national factor income less consumption of fixed capital.
T a b le 1.7 .6 . R e la tio n o f R e a l G ro s s D o m e s tic P r o d u c t, R e a l G ro s s N a tio n a l P r o d u c t, a n d R ea l N e t N a tio n a l P r o d u c t, C h a in e d D o lla rs
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross domestic product.........................................................................................................
2009
IV
3
4
5
6
7
8
9
m
13,254.1
811.9
703.2
13,362.8
1,660.0
1,394.8
265.3
221.7
43.6
11,702.6
13,312.2
739.3
609.1
13,442.6
1,715.2
1,441.3
274.0
229.5
44.5
11.727.5
13,415.3
768.0
649.5
13,533.7
1,712.8
1,439.6
273.4
228.9
44.4
11,820.9
13,324.6
746.0
600.3
13,470.7
1,721.4
1,446.4
275.1
230.5
44.6
11,749.4
13,141.9
652.7
554.2
13,240.5
1,726.2
1,449.8
276.4
231.7
44.8
11,514.6
11
1?
13
14
13,268.0
13.376.8
11.593.9
11,607.9
13.219.0
13.349.5
11.597.1
11,504.1
13,298.0
13.416.4
11.702.4
11,585.4
13,262.0
13.408.2
11.603.3
11,541.0
13,014.3
13,112.9
11,416.0
11,288.3
1
7
Less: Consumption of fixed capital............................................................................................
Private......................................................................................................................
Government.............................................................................................................
General government
Government enterprises.........................................................................................
III
I
12,925.4
530.9
438.5
13,018.1
1,732.8
1,453.9
278.9
233.9
45.0
11,285.8
12,786.7
12,879.3
11,193.2
11,054.7
II
12,892.4
1,735.2
1,453.2
281.7
236.5
45.2
Addenda:
Net domestic product............................................................................................................
11,157.9
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
3. Net domestic income deflated by the implicit price deflator for net domestic product.
N oth. Except as noted in footnotes 1, 2 and 3, chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005
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.
2 0 0 9
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
D - 1 5
u s in e s s
Table 1.8.3. Com and-Basis R Gross National Product, Quantity Indexes
m
eal
[Index numbers, 2005=100]
Seasonally adjusted
2007
2008
1
2
3
4
104.925
125.539
124.595
104.786
105.552
126.175
119.893
104.625
106.267
129.888
121.714
105.063
105.773
127.922
119.664
104.555
103.965
118.343
115.232
103.507
102.219
104.687
106.266
102.452
5
2.4
-0.2
-1.2
-1.9
-4.0
-4.0
Line
2008
III
II
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
Addendum:
Percent change from preceding period in command-basis real gross national product..................
2009
IV
I
II
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments.
T a b le 1.8 .6 . C o m m a n d -B a s is R e a l G r o s s N a tio n a l P r o d u c t, C h a in e d D o lla r s
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross national product..........................................................................................................
Less: Exports of goods and services and income receipts from the rest of the world.......................
Plus: Command-basis exports of goods and services and income receipts from the rest of the world 1
Equals: Command-basis gross national product....................................................................
Addendum:
Terms of trade 2...................................................................................................................
III
2009
IV
I
II
1
2
3
4
13,362.8
2,357.7
2,340.0
13,345.1
13,442.6
2.369.7
2.251.7
13,324.6
13,533.7
2.439.4
2.286.4
13,380.7
13,470.7
2,402.5
2,247.9
13,316.1
13,240.5
2,222.6
2,164.6
13,182.6
13,018.1
1.966.1
1.996.2
13,048.2
'i
99.247
95.021
93.728
93.565
97.393
101.531
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit price deflator for imports divided by 100.
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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.
T a b le 1 .1 0 . G ro s s D o m e s tic In c o m e b y T y p e o f In c o m e
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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..........................................................................................................
III
2009
IV
I
1
2
3
4
>
i
6
7
8
9
10
11
1?
13
14
15
16
14,092.5
7,863.6
6,409.7
6,416.0
6,405.9
10.1
-6.3
1,453.8
1,028.7
54.8
3,494.9
3,501.5
964.1
102.2
1,096.4
144.9
14,340.4
8,044.8
6,548.2
6,553.2
6,542.8
10.4
-5.0
1,496.6
1,047.3
53.5
3,454.8
3,461.7
1,043.1
118.8
1,106.3
210.4
14,371.1
8,040.0
6,546.5
6,546.5
6,536.2
10.3
0.0
1,493.5
1,050.8
52.9
3,497.6
3.503.9
1.039.9
112.6
1,111.9
202.8
14,478.4
8,076.3
6,574.9
6,574.9
6,564.6
10.3
0.0
1,501.4
1,058.5
52.9
3,538.3
3.545.2
1.035.2
116.0
1,114.4
222.2
14,207.9
8,037.9
6,531.0
6,551.0
6,540.5
10.5
-20.0
1,506.8
1,037.3
55.2
3,307.0
3,315.9
1,072.5
131.8
1,083.6
236.7
14,025.8
7,866.3
6,366.1
6,346.1
6,335.8
10.3
20.0
1,500.2
1,018.8
55.5
3.314.2
3,324.9
1.036.3
137.9
1,037.8
245.9
17
18
19
?n
1,193.9
451.5
742.4
641.6
983.2
292.2
691.0
543.3
1,036.7
317.5
719.2
529.9
1,057.4
304.8
752.6
514.7
791.3
223.3
568.0
580.0
867.0
270 3
596.6
515.3
?1
22
23
24
25
100.8
-6.6
1,760.0
1,469.6
290.4
147.7
-6.9
1,847.1
1,536.2
310.9
189.4
-6.3
1,835.6
1,527.0
308.5
237.9
-6.9
1,858.2
1,544.4
313.8
-11.9
-8.9
1,881.0
1,562.6
318.4
81.3
-10.7
1,883.6
1,561.3
322.3
26
-14.8
101.0
126.7
68.3
139.4
152.1
II
7,763.6
6,265.3
6,265.3
0.0
1,498.4
1,026.5
55.1
145.2
1,023.4
255.2
-8.9
1,874.1
1,550.2
323.8
D - 1 6
N a tio n a l
A u g u s t
D a ta
Table 1.12. National Incom by Type of Incom
e
e
[Billions of dollars]
Seasonally adjusted at annual rates
2007
2008
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
12,448.2
7,856.5
6,402.6
1,089.1
5,313.5
1,453.8
993.0
460.8
1,096.4
39.4
1,056.9
144.9
1,541.7
451.5
1,090.2
767.8
322.4
739.2
1,028.7
54.8
102.2
30.2
65.4
6.6
-6.6
12,635.2
8,037.4
6,540.8
1,141.3
5,399.6
1,496.6
1,023.9
472.7
1,106.3
48.7
1,057.5
210.4
1,360.4
292.2
1,068.2
689.9
378.3
815.1
1,047.3
53.5
118.8
32.6
78.8
7.3
-6.9
12,664.4
8,032.8
6,539.2
1,136.4
5,402.8
1,493.5
1,021.7
471.8
1,111.9
49.4
1,062.5
202.8
1,403.7
317.5
1,086.3
693.7
392.6
809.0
1,050.8
52.9
112.6
32.6
74.6
5.4
-6.3
12,781.0
8,069.1
6,567.7
1,148.5
5,419.2
1,501.4
1,026.7
474.7
1,114.4
49.3
1,065.1
222.2
1,454.6
304.8
1,149.8
676.6
473.2
806.1
1,058.5
52.9
116.0
32.6
76.0
7.4
-6.9
12,433.9
8,030.3
6,523.5
1,154.9
5,368.6
1,506.8
1,033.2
473.6
1,083.6
39.0
1,044.5
236.7
1,123.6
223.3
900.4
669.9
230.5
854.7
1,037.3
55.2
131.8
32.7
91.5
7.6
-8.9
12,242.2
7,859.1
6,358.9
1,171.8
5,187.1
1,500.2
1,037.8
462.4
1,037.8
27.3
1,010.5
245.9
1,182.7
270.3
912.4
618.1
294.2
826.2
1,018.8
55.5
137.9
32.5
100.3
5.0
-10.7
?fi
?7
28
29
1,303.4
322.4
981.0
0.0
1,478.4
378.3
1,036.8
-63.3
1,422.4
392.6
1,029.7
0.0
1,499.4
473.2
1,043.9
17.7
1,559.2
230.5
1,058.1
-270.7
1,575.4
294.2
1,058.2
-223.0
30
31
32
33
34
35
36
3/
38
39
40
41
42
43
44
45
46
47
48
49
1,096.4
39.4
45.8
-6.4
1,056.9
950.4
-6.2
112.8
144.9
161.5
-16.6
1,541.7
1,730.4
1,774.4
451.5
1,322.8
767.8
555.1
-44.0
-188.7
1,106.3
48.7
55.6
-6.8
1,057.5
888.0
-5.1
174.6
210.4
226.2
-15.8
1,360.4
1,424.5
1,462.7
292.2
1,170.6
689.9
480.7
-38.2
-64.1
1,111.9
49.4
56.1
-6.8
1,062.5
907.0
-17.7
173.2
202.8
218.7
-15.8
1,403.7
1,463.8
1,593.5
317.5
1,276.0
693.7
582.3
-129.6
-60.1
1,114.4
49.3
56.2
-6.9
1,065.1
896.7
-7.6
176.0
222.2
237.9
-15.7
1,454.6
1,522.2
1,576.6
304.8
1,271.9
676.6
595.3
-54.5
-67.6
1,083.6
39.0
46.0
-7.0
1,044.5
846.0
19.8
178.8
236.7
252.3
-15.6
1,123.6
1,199.3
1,060.1
223.3
836.8
669.9
166.9
139.2
-75.6
1,037.8
27.3
34.4
-7.1
1,010.5
842.7
10.0
157.7
245.9
261.0
-15.1
1,182.7
1,327.6
1,246.5
270.3
976.1
618.1
358.0
81.1
-144.9
Line
2008
II
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 CCAdj.........................................................................
Farm.....................................
Nonfarm...............................
Rental income of persons with CCAdj
Corporate profits with IVA and CCAdj
Taxes on corporate income............................................................................................
Net dividends..............................
Undistributed profits with IVA and CCAdj......................................................................
Net interest and miscellaneous payments
Taxes on production and imports....................................................................................
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.....................................................................
Addenda for corporate cash flow:
Consumption of fixed capital.......................................................................................
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 income..................................................................................
Profits after tax (without IVA and CCAdj)...............................................................
Net dividends.................................................................................................
Undistributed profits (without IVA and CCAdj)....................................................
Capital consumption adjustment.................................................................................
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
III
2009
IV
I
II
7,756.4
6,258.1
1,184.4
5,073.7
1,498.4
1,041.7
456.6
1,023.4
27.2
996.2
255.2
558.3
805.2
1,026.5
55.1
145.2
32.7
107.9
4.6
-8.9
1,046.2
1,023.4
27.2
34.0
-6.8
996.2
834.6
2.2
159.4
255.2
270.4
-15.1
558.3
-131.8
2 0 0 9
A u g u s t
S
2 0 0 9
u r v e y
o f
C
B
u r r e n t
D - 1 7
u s in e s s
T a b le 1.1 4 . G ro s s V a lu e A d d e d o f D o m e s tic C o r p o r a te B u s in e s s in C u r r e n t D o lla r s a n d G r o s s V a lu e A d d e d o f N o n fin a n c ia l
D o m e s tic C o r p o r a te B u s in e s s in C u r r e n t a n d C h a in e d D o lla r s
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
2009
III
II
IV
I
II
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
8,026.0
981.0
7,045.0
4,948.0
4,121.9
826.1
655.8
1,441.2
174.8
72.4
1,193.9
451.5
742.4
641.6
100.8
1,055.9
6,970.1
849.4
6,120.6
4,364.2
3,627.3
736.9
612.8
1,143.7
228.1
68.6
846.9
299.3
547.6
465.2
82.4
8,112.1
1,036.8
7,075.2
5,005.9
4,162.9
843.0
665.4
1,404.0
334.0
86.8
983.2
292.2
691.0
543.3
147.7
1,140.6
6,971.5
898.4
6,073.0
4,427.9
3,677.2
750.7
621.0
1,024.1
242.1
70.4
711.6
237.8
473.8
409.3
64.5
8,150.8
1,029.7
7,121.1
5,011.6
4,169.8
841.8
668.0
1,441.5
321.3
83.4
1,036.7
317.5
719.2
529.9
189.4
1,176.4
6,974.4
892.2
6,082.2
4,431.6
3,681.9
749.7
623.5
1,027.1
246.0
68.3
712.8
263.1
449.7
395.2
54.5
8,233.0
1,043.9
7,189.1
5,021.8
4,176.3
845.5
672.7
1,494.6
352.4
84.9
1,057.4
304.8
752.6
514.7
237.9
1,190.6
7,042.4
904.6
6,137.8
4,440.4
3,687.5
752.9
627.8
1,069.6
233.3
68.7
767.6
254.5
513.1
383.3
129.7
7,973.8
1,058.1
6,915.8
4,970.7
4,124.8
845.9
658.1
1,287.0
398.8
97.0
791.3
223.3
568.0
580.0
-11.9
1,039.7
6,934.1
917.1
6,017.0
4,410.1
3,656.8
753.3
614.2
992.7
246.8
76.5
669.4
177.7
491.6
449.9
41.7
7,867.1
1,058.2
6,808.9
4,808.6
3,971.5
837.0
645.8
1,354.5
384.3
103.2
867.0
270.3
596.6
515.3
81.3
1,139.7
6,727.4
916.7
5,810.7
4,262.1
3,516.7
745.4
602.7
945.8
237.4
79.2
629.2
197.9
431.3
373.1
58.1
32
33
34
35
1,426.6
975.1
-44.0
-188.7
1,085.5
793.4
-38.2
-64.1
1,226.5
909.0
-129.6
-60.1
1,179.5
874.7
-54.5
-67.6
727.7
504.5
139.2
-75.6
930.7
660.4
81.1
-144.9
-131.8
36
37
38
39
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 (net).........................
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
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 (net).........................
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.....................................
1,058.9
759.5
-44.0
-167.9
806.7
568.8
-38.2
-56.8
895.6
632.5
-129.6
-53.2
882.0
627.5
-54.5
-60.0
597.4
419.7
139.2
-67.2
676.9
478.9
81.1
-128.7
-117.0
1,046.2
4,705.3
3,872.6
832.7
650.7
108.9
905.8
4,187.2
3,445.6
741.6
607.3
83.2
Value added, in billions of chained (2005) dollars:
Gross value added of nonfinancial corporate business :
Consumption of fixed capital3.....................................
Net value added 4......................................................
40
41
42
6,649.4
808.3
5,841.2
6,675.5
837.3
5,838.2
6,735.8
836.3
5,899.5
6,722.6
840.5
5,882.1
6,579.3
842.6
5,736.7
6,300.9
844.0
5,456.9
842.2
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 2005 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
T a b le 1.1 5 . P ric e , C o s ts , a n d P r o fit P e r U n it o f R e a l G r o s s V a lu e A d d e d o f N o n fin a n c ia l D o m e s tic C o r p o r a te B u s in e s s
[Dollars]
Seasonally adjusted
Line
2008
2008
2009
IV
Price per unit of real gross value added of nonfinancial corporate business 1..................
Compensation of employees (unit labor cost).................................................................
Unit nonlabor cost..........................................................................................................
Consumption of fixed capital..........................................................................................
Taxes on production and imports less subsidies plus business current transfer payments (net)
Net interest and miscellaneous payments........................................................................
Corporate profits with IVA and CCAdj (unit profits from current production).....................
Taxes on corporate income............................................................................................
Profits after tax with IVA and CCAdj................................................................................
1.048
0.656
0.264
0.128
0.102
0.034
0.127
0.045
0.082
1.044
0.663
0.275
0.135
0.104
0.036
0.107
0.036
0.071
1.035
0.658
0.272
0.132
0.103
0.037
0.106
0.039
0.067
1.048
0.661
0.274
0.135
0.104
0.035
0.114
0.038
0.076
1.054
0.670
0.282
0.139
0.105
0.038
0.102
0.027
0.075
1.068
0.676
0.291
0.145
0.108
0.038
0.100
0.031
0.068
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 estimates for these industries are based on the North American Industry Classification System (NAICS).
Note. 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 avail
able, the chain-type price index for GDP goods and structures is used.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
N a tio n a l
D - 1 8
D a ta
A u g u s t
2. Personal Income and Outlays
Table 2.1. Personal Incom and Its Disposition
e
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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 ' .................................................
Other.....................................................................
Other current transfer receipts, from business (net).........
Less: Contributions for government social insurance, domestic..........................................
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:
Personal income excluding current transfer receipts, billions of chained (2005) dollars3
Disposable personal income:
Total, billions of chained (2005) dollars 3......................................................................
Per capita:
Current dollars......................................................................................................
Chained (2005) dollars...........................................................................................
Population (midperiod, thousands)..................................................................................
Percent change from preceding period:
Disposable personal income, current dollars...........................................................
Disposable personal income, chained (2005) dollars................................................
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
11,894.1
7,862.7
6,408.9
5,319.8
1,089.1
1,453.8
993.0
460.8
1,096.4
39.4
1,056.9
144.9
2,031.5
1,266.4
765.1
1,718.0
1,687.8
1,003.7
32.3
42.1
18.5
591.2
30.2
959.3
1,490.9
10,403.1
10,224.3
9,826.4
256.8
141.0
82.3
58.7
178.9
1.7
12,238.8
8,042.4
6,545.9
5,404.6
1,141.3
1,496.6
1,023.9
472.7
1,106.3
48.7
1,057.5
210.4
1,994.4
1,308.0
686.4
1,875.9
1,843.2
1,070.3
50.6
45.6
18.9
657.9
32.6
990.6
1,432.4
10,806.4
10,520.0
10,129.9
237.7
152.3
87.9
64.5
286.4
2.7
35
9,645.4
36
9,860.6
37
38
39
40
41
III
2009
IV
12,292.9
8,032.8
6,539.2
5,402.8
1,136.4
1,493.5
1,021.7
471.8
1,111.9
49.4
1,062.5
202.8
1,997.3
1,306.6
690.7
1,937.0
1,904.4
1,064.5
38.7
45.0
18.8
737.5
32.6
988.9
1,326.2
10,966.7
10,592.2
10,194.7
243.9
153.6
87.4
66.2
374.4
3.4
12,286.6
8,069.1
6,567.7
5,419.2
1,148.5
1,501.4
1,026.7
474.7
1,114.4
49.3
1,065.1
222.2
2,001.4
1,327.8
673.7
1,874.3
1,841.7
1,080.5
57.7
46.1
18.9
638.5
32.6
994.9
1,437.3
10,849.3
10,613.6
10,220.1
238.3
155.2
88.5
66.7
235.7
2.2
9,504.6
9,498.8
9,911.3
10,059.0
34,478
32,679
301,737
35,486
32,546
304,529
4.9
2.2
3.9
0.5
I
II
12,233.5
8,050.3
6,543.5
5,388.6
1,154.9
1,506.8
1,033.2
473.6
1,083.6
39.0
1,044.5
236.7
1,958.1
1,292.9
665.2
1,898.0
1,865.3
1,087.0
70.3
46.5
19.2
642.3
32.7
993.3
1,434.3
10,799.1
10,389.9
10,009.8
228.8
151.3
89.5
61.8
409.2
3.8
11,981.8
7,839.1
6,338.9
5,167.1
1,171.8
1,500.2
1,037.8
462.4
1,037.8
27.3
1,010.5
245.9
1,845.5
1,243.4
602.1
1,987.3
1,954.7
1,128.5
96.2
50.3
19.5
660.4
32.5
973.9
1,192.6
10,789.2
10,362.3
9,987.7
220.4
154.2
90.4
63.8
426.9
4.0
11,989.8
7,756.4
6,258.1
5,073.7
1,184.4
1,498.4
1,041.7
456.6
1,023.4
27.2
996.2
255.2
1,782.5
1,247.5
534.9
2,135.2
2,102.6
1,151.1
121.6
50.5
19.7
759.7
32.7
963.0
1,079.5
10,910.3
10,344.2
9,989.0
201.0
154.3
91.4
62.9
566.0
5.2
9,442.0
9,494.4
9,215.5
9,056.9
9,838.3
9,920.4
9,948.3
10,027.2
36,059
33,075
304,128
35,586
32,270
304,872
35,335
32,460
305,620
35,231
32,485
306,245
35,553
32,675
306,872
14.1
9.8
-4.2
-8.5
-1.8
3.4
-0.4
1.1
4.6
3.2
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. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.
T a b le 2 .2 B . W a g e a n d S a la ry D is b u r s e m e n ts b y In d u s tr y
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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
6,408.9
5,319.8
1,212.9
753.5
4,106.9
1,044.7
3,062.2
1,089.1
6,545.9
5,404.6
1,206.5
742.0
4,198.1
1,048.3
3,149.8
1,141.3
6,539.2
5,402.8
1,210.6
745.3
4,192.2
1,050.7
3,141.5
1,136.4
2009
III
IV
6,567.7
5,419.2
1,206.2
740.3
4,213.0
1,047.8
3,165.2
1,148.5
6,543.5
5,388.6
1,192.2
732.2
4,196.5
1,039.4
3,157.1
1,154.9
I
6,338.9
5,167.1
1,121.7
686.2
4,045.4
1,004.8
3,040.6
1,171.8
II
6,258.1
5,073.7
1,082.9
665.5
3,990.8
990.8
3,000.0
1,184.4
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.
Note. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS).
2 0 0 9
A u g u s t
S
2 0 0 9
u r v e y
C
o f
u r r e n t
B
D - 1 9
u s in e s s
Table 2.3.2. Contributions to Percent Change in R Personal
eal
Consum
ption Expenditures by M Type of Product
ajor
Table 2.3.1. Percent Change FromPreceding Period in Real Personal
Consum
ption Expenditures by M Type of Product
ajor
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Personal consumption
expenditures.............................
Goods.................................................
Durable goods...................................
Motor vehicles and parts.................
Furnishings and durable household
equipment..................................
Recreational goods and vehicles......
Other durable goods.......................
Nondurable goods..............................
Food and beverages purchased for
off-premises consumption............
Clothing and footwear......................
Gasoline and other energy goods....
Other nondurable goods..................
Services...............................................
Household consumption expenditures
(for services)..................................
Housing and utilities........................
Health care....................................
Transportation services...................
Recreation services........................
Food services and accommodations
Financial services and insurance.....
Other services...............................
Final consumption expenditures of
nonprofit institutions serving
households (NPISHs)1
....................
Gross output of nonprofit institutions 2
Less: Receipts from sales of goods
and services by nonprofit
institutions 3...............................
Addenda:
Energy goods and services 4..............
Personal consumption expenditures
excluding food and energy5.............
III
2007
Line
2008
2009
IV
I
II
1
2
3
4
2.6
3.1
4.3
1.4
-0.2
-2.1
-4.5
-13.6
0.1
-0.5
-5.7
-21.8
-3.5
-7.7
-11.7
-23.7
-3.1
-10.0
-20.3
-32.5
0.6
2.5
3.9
6.7
-1.2
-4.0
-7.1
-11.9
5
6
7
8
2.0
11.4
0.8
2.5
-2.9
5.4
-4.8
-0.8
2.5
10.8
-11.8
2.2
-11.2
-2.5
-2.7
-5.6
-14.1
-12.4
-19.9
-4.9
-7.0
9.3
7.2
1.9
-7.9
-4.0
-1.7
-2.5
9
10
11
12
13
2.1
4.4
0.8
3.0
2.4
0.0
-0.3
-4.4
-0.1
0.7
0.5
6.9
-3.6
5.1
0.4
-5.2
-11.1
-12.9
0.8
-1.3
-7.3
-8.9
10.6
-7.7
0.5
0.6
-1.7
8.6
2.2
-0.3
4.5
-6.8
-1.3
-7.8
0.1
14
15
16
17
18
19
20
21
2.3
0.9
2.6
1.2
3.7
1.1
5.0
2.8
0.4
0.9
3.0
-5.0
0.0
-0.4
-1.6
-0.6
0.3
0.8
2.6
-7.0
1.5
2.5
-1.2
-2.9
-1.8
-1.4
-0.6
-5.0
-3.1
-2.6
-2.7
-1.4
0.1
3.6
1.8
-7.8
-3.9
-8.0
4.3
0.7
0.1
3.4
-7.0
1.8
-1.6
0.4
1.5
0.4
-0.8
2.2
0.0
-0.9
-2.0
2.7
0.0
22
23
4.0
2.6
8.9
3.5
2.5
2.3
9.9
0.9
10.8
3.3
-21.3
-3.0
-7.1
-1.0
24
2.1
1.6
2.3
-2.1
0.7
4.5
1.1
25
1.3
-3.5
-3.8
-14.6
16.4
3.3
-6.0
26
2.8
0.0
0.3
-2.5
-3.9
0.4
-1.5
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes
membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased
meals and beverages, are not classified as food.
Percent change at annual rate:
Personal consumption
expenditures.............................
Percentage points at annual rates:
Goods.................................................
Durable goods...................................
Motor vehicles and parts.................
Furnishings and durable household
equipment..................................
Recreational goods and vehicles......
Other durable goods.......................
Nondurable goods..............................
Food and beverages purchased for
off-premises consumption............
Clothing and footwear.....................
Gasoline and other energy goods.....
Other nondurable goods..................
Services...............................................
Household consumption expenditures
(for services)..................................
Housing and utilities........................
Health care....................................
Transportation services....................
Recreation services........................
Food services and accommodations
Financial services and insurance.....
Other services...............................
Final consumption expenditures of
nonprofit institutions serving
households (NPISHs)1....................
Gross output of nonprofit institutions 2
Less: Receipts from sales of goods
and services by nonprofit
institutions 3...............................
Addenda:
Energy goods and services 4...............
Personal consumption expenditures
excluding food and energy 5............
2009
2008
II
III
IV
2.6
-0.2
0.1
-3.5
-3.1
0.6
-1.2
2
3
4
1.08
0.51
0.06
-0.71
-0.52
-0.54
-0.18
-0.66
-0.90
-2.67
-1.34
-0.90
-3.46
-2.34
-1.21
0.80
0.40
0.19
-1.30
-0.74
-0.38
5
6
7
8
0.06
0.38
0.01
0.57
-0.08
0.18
-0.07
-0.19
0.07
0.35
-0.18
0.49
-0.31
-0.09
-0.04
-1.33
-0.39
-0.44
-0.31
-1.12
-0.19
0.29
0.10
0.41
-0.21
-0.13
-0.02
-0.56
9
10
11
12
13
0.16
0.15
0.03
0.23
1.57
0.00
-0.01
-0.18
-0.01
0.46
0.04
0.23
-0.16
0.38
0.24
-0.40
-0.39
-0.60
0.07
-0.85
-0.59
-0.30
0.39
-0.61
0.37
0.05
-0.06
0.24
0.17
-0.19
0.35
-0.23
-0.04
-0.64
0.06
14
15
16
17
18
19
20
21
1.47
0.17
0.39
0.04
0.14
0.07
0.41
0.25
0.23
0.17
0.44
-0.16
0.00
-0.02
-0.14
-0.06
0.17
0.15
0.40
-0.22
0.06
0.15
-0.10
-0.26
-1.11
-0.25
-0.09
-0.15
-0.12
-0.16
-0.22
-0.12
0.08
0.66
0.27
-0.25
-0.15
-0.50
-0.34
0.38
0.47
0.03
0.53
-0.22
0.07
-0.10
0.03
0.14
0.25
-0.15
0.35
0.00
-0.03
-0.13
0.22
0.00
22
23
0.10
0.26
0.23
0.35
0.07
0.24
0.26
0.10
0.29
0.34
-0.67
-0.32
-0.19
-0.10
24
0.16
0.12
0.17
-0.16
0.05
0.35
0.09
25
0.08
-0.22
-0.25
-1.03
0.92
0.17
-0.30
26
2.42
-0.03
0.27
-2.08
-3.42
0.39
-1.29
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the
world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes
membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased
meals and beverages, are not classified as food.
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to house
holds.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and
to the rest of the world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of
II
1
T a b le 2 .3 .3 . R e a l P e rs o n a l C o n s u m p tio n E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t, Q u a n tity In d e x e s
Personal consumption expenditures...............................................................................
Goods....................................................................................................................................
Durable goods.........................
Motor vehicles and parts.......
Furnishings and durable household equipment....................................................................
Recreational goods and vehicles
Other durable goods............
Nondurable goods...................
Food and beverages purchased for off-premises consumption...............................................
Clothing and footwear.......................................................................................................
Gasoline and other energy goods
Other nondurable goods.......
Services....................................
Household consumption expenditures (for services).................................................................
Housing and utilities..........................................................................................................
Health care...............
Transportation services
Recreation services....
Food services and accommodations..................................................................................
Financial services and insurance
Other services...........
Final consumption expenditures of nonprofit institutions serving households (NPISHs)1..............
Gross output of nonprofit institutions 2................................................................................
Less: Receipts from sales of goods and services by nonprofit institutions 3.............................
Addenda:
Energy goods and services 4.................................................................................................
Personal consumption expenditures excluding food and energy 5..............................................
I
III
2009
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
105.612
106.499
108.543
98.225
107.476
126.070
104.591
105.405
105.363
109.630
98.643
106.788
105.147
104.793
103.093
104.524
100.853
107.094
104.253
108.372
106.326
114.383
105.709
102.937
105.351
104.296
103.692
84.820
104.398
132.849
99.569
104.513
105.371
109.341
94.298
106.686
105.883
105.181
104.069
107.635
95.765
107.045
103.825
106.615
105.640
124.554
109.383
104.611
106.032
105.983
106.354
88.233
107.088
135.239
100.455
105.738
106.602
112.058
95.103
107.441
106.047
105.427
104.072
107.770
96.420
107.839
104.880
107.178
105.354
122.472
109.191
104.994
105.088
103.895
103.083
82.459
103.967
134.371
99.769
104.219
105.199
108.808
91.883
107.662
105.697
104.957
103.710
107.614
95.190
106.983
104.179
106.436
104.984
125.383
109.438
104.429
104.267
101.186
97.401
74.747
100.103
129.982
94.384
102.929
103.214
106.292
94.226
105.524
105.837
104.983
104.640
108.088
93.268
105.922
102.017
105.336
106.087
128.650
110.338
104.612
104.425
101.817
98.345
75.971
98.300
132.895
96.050
103.405
103.371
105.841
96.186
106.094
105.761
105.174
104.676
108.993
91.592
106.402
101.598
105.444
106.472
121.155
109.511
105.775
104.099
100.780
96.560
73.595
96.302
131.537
95.633
102.740
104.522
103.983
95.874
103.950
105.783
105.276
104.460
109.583
91.590
106.172
101.074
106.155
106.467
118.952
109.240
106.074
25
26
98.731
106.104
95.235
106.069
95.962
106.686
92.259
106.023
95.820
104.961
96.591
105.078
95.109
104.688
the world; includes membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which
include purchased meals and beverages, are not classified as food.
D -2 0
N a tio n a l
D a ta
A u g u s t
Table 2.3.4. Price Indexes for Personal Consum
ption Expenditures by M Type of Product
ajor
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
Personal consumption expenditures...............................................................................
Goods....................................................................................................................................
Durable goods......................................................................................................................
Motor vehicles and parts.........................
Furnishings and durable household equipment....................................................................
Recreational goods and vehicles.............
Other durable goods..............................
Nondurable goods......................................
Food and beverages purchased for off-premises consumption...............................................
Clothing and footwear.......................................................................................................
Gasoline and other energy goods.......................................................................................
Other nondurable goods....................................................................................................
Services......................
Household consumption expenditures (for services).................................................................
Housing and utilities..........................................................................................................
Healthcare............
Transportation services......................................................................................................
Recreation services.
Food services and accommodations...................................................................................
Financial services and insurance........................................................................................
Other services..................................................................................................................
Final consumption expenditures of nonprofit institutions serving households (NPISHs)1..............
Gross output of nonprofit institutions 2.................................................................................
Less: Receipts from sales of goods and services by nonprofit institutions 3.............................
Addenda:
Energy goods and services 4.................................................................................................
Personal consumption expenditures excluding food and energy 5...............................................
Market-based personal consumption expenditures 6.................................................................
Market-based personal consumption expenditures excluding food and energy 6..........................
III
2009
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
105.502
102.789
96.714
99.483
98.665
88.301
106.078
106.250
105.623
98.638
122.378
103.539
106.964
107.105
108.047
106.840
106.622
106.213
107.348
106.726
106.374
103.525
106.807
107.947
109.031
106.150
95.537
98.523
98.049
84.337
111.534
112.188
111.926
97.823
143.694
106.098
110.582
110.838
111.926
109.726
112.403
109.517
111.599
109.986
110.819
104.531
109.691
111.530
109.021
106.678
95.832
98.999
97.728
84.718
112.383
112.838
110.887
97.351
152.330
105.737
110.2%
110.544
111.617
109.364
111.795
109.207
110.857
110.252
110.567
104.415
109.420
111.198
110.273
108.451
95.537
98.594
98.207
83.923
112.385
115.759
113.383
98.449
164.604
106.302
111.275
111.528
112.836
110.113
113.545
110.389
112.317
110.389
111.614
105.276
110.249
112.012
108.855
103.784
94.743
96.905
98.082
83.030
112.853
108.971
114.690
97.354
111.728
107.176
111.542
111.837
113.029
110.721
114.588
110.038
113.305
109.713
112.136
104.641
110.478
112.582
108.449
102.186
94.326
96.689
98.574
81.789
112.707
106.739
114.382
98.186
92.354
108.596
111.749
112.113
113.400
111.416
115.115
110.270
113.783
108.695
112.478
103.349
110.752
113.457
108.804
102.853
94.399
97.893
98.882
80.664
113.374
107.723
113.340
98.362
94.923
111.253
111.943
112.313
113.280
112.101
114.582
110.166
114.201
108.783
112.799
103.418
111.387
114.301
25
26
27
28
118.262
104.699
105.334
104.368
134.981
107.207
108.954
106.811
140.295
106.976
108.912
106.504
149.736
107.652
110.280
107.219
115.976
107.866
108.781
107.616
103.432
108.173
108.452
108.133
102.856
108.702
108.860
108.754
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food.
6. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without
payment) and the final consumption expenditures of nonprofit institutions serving households.
T a b le 2 .3 .5 . P e rs o n a l C o n s u m p tio n E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Personal consumption expenditures...............................................................................
Goods..........................
Durable goods............
Motor vehicles and parts....................................................................................................
Furnishings and durable household equipment....................................................................
Recreational goods and vehicles........................................................................................
Other durable goods.........................................................................................................
Nondurable goods...........................................................
Food and beverages purchased for off-premises consumption...............................................
Clothing and footwear..................................................
Gasoline and other energy goods.................................
Other nondurable goods..............................................
Services...........................................................................
Household consumption expenditures (for services)................................................................
Housing and utilities..........................................................................................................
Health care............
Transportation services
Recreation services.
Food services and accommodations...................................................................................
Financial services and insurance........................................................................................
Other services........
Final consumption expenditures of nonprofit institutions serving households (NPISHs)1..............
Gross output of nonprofit institutions 2.................................................................................
Less: Receipts from sales of goods and services by nonprofit institutions 3.............................
Addenda:
Energy goods and services 4.................................................................................................
Personal consumption expenditures excluding food and energy 5...............................................
III
2009
IV
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
9,826.4
3,365.0
1,160.5
400.3
279.8
337.7
142.7
2,204.5
740.1
341.2
368.0
755.2
6,461.4
6,207.9
1,763.1
1,469.6
307.4
371.7
587.9
824.2
884.0
253.5
987.5
734.0
10,129.9
3,403.2
1,095.2
342.3
270.1
339.9
142.8
2,308.0
784.3
337.5
413.0
773.2
6,726.8
6,448.0
1,843.7
1,554.2
307.8
383.1
608.7
835.6
915.0
278.7
1,049.4
770.7
10,194.7
3,474.9
1,126.5
357.5
276.2
347.5
145.2
2,348.4
786.3
344.2
441.9
776.0
6,719.8
6,446.1
1,838.6
1,551.0
308.3
384.9
610.8
842.1
910.5
273.7
1,044.9
771.2
10,220.1
3,463.0
1,088.5
332.7
269.4
342.0
144.3
2,374.5
793.4
338.0
461.4
781.7
6,757.1
6,474.5
1,852.2
1,559.3
309.1
385.9
614.7
837.3
915.9
282.6
1,055.2
772.7
10,009.8
3,227.5
1,019.9
296.4
259.1
327.3
137.1
2,207.6
787.5
326.5
321.2
772.5
6,782.3
6,494.1
1,872.1
1,574.9
305.7
380.9
607.3
823.5
929.8
288.2
1,066.1
778.0
9,987.7
3,197.7
1,025.2
300.6
255.7
329.6
139.3
2,172.4
786.5
327.9
271.0
787.0
6,790.0
6,522.0
1,878.8
1,598.0
301.6
383.4
607.3
816.7
936.0
268.0
1,060.8
792.7
9,989.0
3,185.8
1,007.4
294.8
251.3
321.8
139.5
2,178.3
788.0
322.7
277.6
790.0
6,803.2
6,539.9
1,873.0
1,616.5
300.2
382.2
606.4
822.9
938.6
263.3
1,064.2
800.9
25
26
578.2
8,508.2
636.6
8,709.1
667.3
8,741.1
684.8
8,741.8
550.9
8,671.4
495.3
8,705.8
485.0
8,716.0
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food.
I
2 0 0 9
A u g u s t
2 0 0 9
S
u r v e y
o f
C
u r r e n t
B
D -2 1
u s in e s s
Table 2.3.6. R Personal Consum
eal
ption Expenditures by M Type of Product, Chained Dollars
ajor
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
Personal consumption expenditures...............................................................................
Goods....................................................................................................................................
Durable goods..............
Motor vehicles and parts
Furnishings and durable household equipment....................................................................
Recreational goods and vehicles
Other durable goods...
Nondurable goods.........
Food and beverages purcnased for off-premises consumption...............................................
Clothing and footwear.......................................................................................................
Gasoline and other energy goods
Other nondurable goods......
Services................................................................................................................................
Household consumption expenditures (for services)................................................................
Housing and utilities.........................................................................................................
Health care...............
Transportation services.....................................................................................................
Recreation services...
Food services and accommodations..................................................................................
Financial services and insurance........................................................................................
Other services..........
Final consumption expenaitures of nonprofit institutions serving nousenoias (NPiShs) 1
..............
Gross output of nonprofit institutions 2................................................................................
Less: Receipts from sales of goods and services by nonprofit institutions 3.............................
Residual.................................................................................................................................
Addenda:
Energy goods and services 4................................................................................................
Personal consumption expenditures excluding food and energy 5...............................................
2009
2008
III
II
IV
II
I
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
9,313.9
3,273.7
1,199.9
402.4
283.6
382.4
134.5
2,074.8
700.7
345.9
300.7
729.4
6,040.8
5,796.1
1,631.8
1,375.5
288.3
350.0
547.7
772.3
831.0
244.9
924.6
680.0
-6.9
9,290.9
3,206.0
1,146.3
347.5
275.5
403.0
128.0
2,057.3
700.7
345.0
287.4
728.7
6,083.1
5,817.6
1,647.2
1,416.4
273.8
349.8
545.4
759.8
825.7
266.6
956.7
691.0
-8.7
9,351.0
3,257.8
1,175.7
361.4
282.6
410.3
129.2
2,081.4
708.9
353.6
289.9
733.9
6,092.5
5,831.2
1,647.3
1,418.2
275.7
352.4
550.9
763.8
823.4
262.2
955.0
693.5
-12.0
9,267.7
3,193.6
1,139.6
337.8
274.4
407.6
128.3
2,051.5
699.6
343.3
280.1
735.4
6,072.4
5,805.2
1,641.6
1,416.1
272.1
349.6
547.3
758.5
820.6
268.4
957.2
689.8
-12.0
9,195.3
3,110.4
1,076.8
306.2
264.2
394.3
121.4
2,026.1
686.4
335.4
287.2
720.8
6,080.4
5,806.6
1,656.3
1,422.4
266.7
346.1
535.9
750.6
829.2
275.4
965.1
691.0
-1.9
9,209.2
3,129.8
1,087.2
311.2
259.4
403.1
123.5
2,035.5
687.4
334.0
293.2
724.7
6,076.0
5,817.2
1,656.9
1,434.3
261.9
347.7
533.7
751.4
832.2
259.4
957.8
698.7
-4.5
9,180.5
3,097.9
1,067.5
301.5
254.1
399.0
123.0
2,022.4
695.1
328.1
292.2
710.0
6,077.3
5,822.8
1,653.4
1,442.1
261.9
347.0
530.9
756.5
832.1
254.6
955.5
700.7
-1.2
26
27
488.9
8,126.3
471.6
8,123.6
475.2
8,170.8
456.9
8,120.1
474.5
8,038.7
478.3
8,047.7
471.0
8,017.9
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food.
N ote. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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.
T a b le 2 .3 .7 . P e rc e n t C h a n g e fr o m P r e c e d in g P e rio d in P ric e s f o r P e rs o n a l C o n s u m p tio n E x p e n d itu r e s b y M a jo r T y p e o f P r o d u c t
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Personal consumption expenditures...............................................................................
Goods....................................................................................................................................
Durable goods.....................................................................................................................
Motor vehicles and parts...................................................................................................
Furnishings and durable household equipment.................
Recreational goods and vehicles....................................
Other durable goods.....................................................
Nondurable goods............................................................
Food and beverages purchased for off-premises consumption...............................................
Clothing and footwear...................................................
Gasoline and other energy goods.......................................................................................
Other nondurable goods...................................................................................................
Services................................................................................................................................
Household consumption expenditures (for services)................................................................
Housing and utilities..........................................................................................................
Health care..............
Transportation services
Recreation services...
Food services and accommodations...................................................................................
Financial services and insurance........................................................................................
Other services..................................................................................................................
Final consumption expenditures of nonprofit institutions serving households (NPISHs)1.............
Gross output of nonprofit institutions2.................................................................................
Less: Receipts from sales of goods and services by nonprofit institutions 3.............................
Addenda:
Energy goods and services 4....................................................................................................
Personal consumption expenditures excluding food and energy 5..................................................
Market-based personal consumption expenditures 6....................................................................
Market-based personal consumption expenditures excluding food and energy 6..............................
2009
IV
III
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1b
16
17
1b
19
20
21
22
23
24
2.7
1.3
-1.8
-0.6
-0.8
-6.3
4.1
2.9
3.8
-0.9
8.4
1.3
3.4
3.5
3.6
3.7
2.3
2.8
3.9
4.3
2.9
1.4
3.1
3.7
3.3
3.3
-1.2
-1.0
-0.6
-4.5
5.1
5.6
6.0
-0.8
17.4
2.5
3.4
3.5
3.6
2.7
5.4
3.1
4.0
3.1
4.2
1.0
2.7
3.3
3.9
3.8
-0.9
-2.4
-1.8
-4.4
15.0
6.1
8.1
-3.2
18.1
2.1
4.0
4.1
5.2
2.4
7.9
2.9
3.5
2.4
6.0
2.4
3.0
3.2
4.7
6.8
-1.2
-1.6
2.0
-3.7
0.0
10.8
9.3
4.6
36.3
2.2
3.6
3.6
4.4
2.8
6.4
4.4
5.4
0.5
3.8
3.3
3.1
3.0
-5.0
-16.1
-3.3
-6.7
-0.5
-4.2
1.7
-21.5
4.7
-4.4
-78.8
3.3
1.0
1.1
0.7
2.2
3.7
-1.3
3.6
-2.4
1.9
-2.4
0.8
2.1
-1.5
-6.0
-1.7
-0.9
2.0
-5.8
-0.5
-7.9
-1.1
3.5
-53.3
5.4
0.7
1.0
1.3
2.5
1.9
0.8
1.7
-3.7
1.2
-4.8
1.0
3.1
1.3
2.6
0.3
5.1
1.3
-5.4
2.4
3.7
-3.6
0.7
11.6
10.2
0.7
0.7
-0.4
2.5
-1.8
-0.4
1.5
0.3
1.1
0.3
2.3
3.0
25
26
27
28
6.1
2.4
2.5
2.1
14.1
2.4
3.4
2.3
20.4
2.4
4.0
2.3
29.8
2.6
5.1
2.7
-64.0
0.8
-5.3
1.5
-36.7
1.1
-1.2
1.9
-2.2
2.0
1.5
2.3
1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.
2. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software).
3. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees.
4. Consists of gasoline and other energy goods and of electricity and gas.
5. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food.
6. This index is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most implicit prices (for example, financial services furnished without
payment) and the final consumption expenditures of nonprofit institutions serving households.
D -2 2
N a tio n a l
D a ta
A u g u s t
3. Government Current Receipts and Expenditures
T a b le 3 .1 . G o v e r n m e n t C u r r e n t R e c e ip ts a n d E x p e n d itu r e s
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Current receipts.............................................................................................................
Current tax receipts................................................................................. ...............
Personal current taxes............
Taxes on production and imports............................................................................................
Taxes on corporate income.....
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.....................................................................................................................
To persons and business.......................................................................................................
To the rest of the world............
Subsidies..................................
Less: Wage accruals less disbursements...................................................................................
Net government saving....
Social insurance funds.............................................................................................................
Other.....................................................................................................................................
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 (-).........................................................................................
III
2009
IV
I
1
?
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
?3
?4
25
26
27
28
?9
4,209.2
2,960.6
1,490.9
1,028.7
426.7
14.2
964.2
143.3
140.6
2.7
147.7
65.4
82.3
-6.6
4,424.0
2,214.9
1,743.3
1,701.1
1,687.8
13.3
42.2
411.0
246.6
164.3
54.8
0.0
-214.8
-2.7
-212.1
4,057.6
2,758.0
1,432.4
1,047.3
263.3
15.0
995.6
144.2
140.7
3.5
166.7
78.8
87.9
-6.9
4,740.3
2,386.9
1,904.0
1,859.2
1,843.2
16.0
44.8
395.9
230.6
165.3
53.5
0.0
-682.7
-53.2
-629 5
3,974.5
2,679 8
1,326.2
1,050.8
288.4
14.3
993.9
145.1
142.1
3.0
162.0
74.6
87.4
-6.3
4,797.0
2,381.5
1,966.7
1,926.5
1,904.4
22.1
40.2
395.9
224.6
171.3
52.9
0.0
-822.5
-38.0
-784.5
4,087.0
2.786.2
1.437.3
1,058.5
275.7
14.7
999.9
143.2
140.3
2.9
164.5
76.0
88.5
-6.9
4,811.7
2,436.4
1,898.7
1,855.7
1,841.7
14.0
43.0
423.8
259.5
164.3
52.9
0.0
-724.8
-65.8
-658 9
3.996.8
2.681.8
1,434.3
1,037.3
194.2
15.9
998.4
144.6
139.8
4.8
181.0
91.5
89.5
-8.9
4,726.9
2,397.1
1,925.3
1,879.4
1,865.3
14.1
45.9
349.3
191.5
157.8
55.2
0.0
-730.2
-85.0
-645 1
3.784.5
2,469.0
1.192.6
1,018.8
244 2
13.5
979.0
156.5
140.5
16.0
190.7
100.3
90.4
-10.7
4,780.6
2,378.6
2,009.2
1,969.7
1,954.7
15.0
39.5
337.3
191 3
1460
55.5
0.0
-996.1
-171.4
-824 7
30
31
32
33
34
35
36
37
38
39
4,241.0
4,209.2
31.8
4,636.0
4,424.0
461.6
29.1
11.8
290.4
-395.0
4,091.4
4,057.6
33.9
5,025.0
4,740.3
496.3
105.5
-6.2
310.9
-933.6
4,009.9
3,974.5
35.4
5,008.0
4,797.0
495.5
34.9
-11.0
308.5
-998.1
4,120.2
4,087.0
33.2
5,055.8
4,811.7
505.0
46.6
6.3
313.8
-935.6
4,029.0
3,996.8
32.2
5,197.7
4,726.9
508.9
305.8
-25.5
318.4
-1,168.7
3,815.3
3,784.5
30.8
5,205.5
4,780.6
500.4
260.6
-13.9
322.3
-1,390.1
II
1,079.5
1,026.5
12.0
968.1
166.4
143.1
23.3
199.3
107.9
91.4
-8.9
5,020.0
2,409.1
2,171.3
2,118.2
2,102.6
15.7
53.1
384.4
55.1
0.0
-229.0
31.4
5,399.3
5,020.0
513.9
178.7
10.6
323.8
2 0 0 9
Su r v ey
A u g u st 2 0 0 9
D -2 3
C u r r e n t B u sin ess
of
Table 3.3. State and Local Government Current Receipts and Expenditures
[B s of dollars]
illion
Table 3.2. Federal Government Current Receipts and Expenditures
[B s of dollars]
illion
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2008
L
ine
2009
Personal current taxes....
Taxes on production and
imports...................
Excise taxes.............
Customs duties..........
Taxes on corporate
Federal Reserve banks
Taxes fromthe rest of the
world.................. ....
Contributions for government
social insurance............
Income receipts on assets....
Interest receipts............
Dividends....................
Rents and royalties........
Current transfer receipts.....
From business.............
From persons..............
Cunent surplus of
government enterprises....
Current expenditures
Consumption expenditures...
Current transfer payments....
Government social
benefits...................
Topersons...............
T the rest of the w
o
orld
Other current transfer
payments.................
Grants-in-aid to state
and local
governments..........
Tothe rest of the w
orld
(net)....................
Interest payments.............
T persons and business
o
Subsidies.......................
Less: W accruals less
age
disbursements.............
Net federal
government saving
Social insurance funds......
Addenda:
Total 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 2,660.8
? 1,647.2
3 1,168.1
III
IV
I
2,475.0
1,421.7
1,102.5
2,372.1
1,322.8
984.2
2,489.5
1,435.2
1,110.1
2.447.8
1.382.9
1,120.2
2,260.8
1,196.8
905.6
819.8
91.9
70.3
21.6
94.7
65.9
28.8
92.0
62.7
29.2
93.1
63.6
29.5
91.8
62.5
29.4
90.2
62.1
28.1
85.7
62.2
23.6
7
8
q
370.2
34.6
335.6
212.3
31.7
180.6
231.2
27.6
203.6
218.5
30.7
187.8
156.5
36.5
120.0
192.0
25.6
166.4
10
14.2
15.0
14.3
14.7
15.9
13.5
12.0
11
12
13
14
15
16
17
18
944.4
29.1
21.6
0.2
7.3
42.7
24.1
18.6
974.5
30.3
19.7
0.6
10.0
52.3
33.2
19.1
973.0
31.2
18.9
0.2
12.0
48.4
29.3
19.1
978.5
30.6
20.5
0.2
9.9
49.0
29.9
19.1
976.4
30.0
20.2
1.7
8.1
64.0
44.8
19.1
957.2
40.7
21.9
12.8
6.1
72.7
53.5
19.2
946.4
50.9
23.7
21.0
6.2
79.8
60.6
19.2
19
20
21
22
-2.7
2,897.2
848.8
1,688.6
-3.8
3,117.6
934.4
1,840.6
-3.4
3,169.0
923.2
1,904.5
-3.9
3,155.2
956.0
1,829.0
-5.4
3,121.9
955.4
1,869.5
-6.7
3,220.3
954.2
1,981.2
-5.4
3,502.6
979.8
2,191.6
23
24
25
1,267.5
1,254.2
13.3
1,404.1
1,388.2
16.0
1,472.5
1,450.4
22.1
1,396.0
1,382.0
14.0
1,421.1
1,407.0
14.1
1,504.1
1,489.1
15.0
1,640.7
1,625.0
15.7
26
421.1
436.5
432.0
433.0
448.4
477.2
550.9
27
378.9
391.7
391.8
390.0
402.4
437.7
497.9
28
29
30
31
32
42.2
312.2
147.9
164.3
47.6
44.8
292.0
126.6
165.3
50.6
40.2
291.4
120.1
171.3
49.9
43.0
319.5
155.3
164.3
50.7
45.9
244.6
86.8
157.8
52.4
39.5
231.3
85.3
146.0
53.6
53.1
277.4
53.7
33
0.0
0.0
0.0
0.0
0.0
0.0
0.0
34
35
36
-236.5
-4.6
-231.9
-642.6
-55.2
-587.4
-796.9
-39.8
-757.2
-665.7
-67.9
-597.8
-674.1
-87.5
-586.6
-959.5
-173.5
-786.0
-230.9
37
38
39
40
41
2,687.2
2,660.8
26.5
2,994.1
2,897.2
2,503.3
2,475.0
28.3
3,288.4
3,117.6
2,401.9
2,372.1
29.8
3,261.8
3,169.0
2,517.1
2,489.5
27.6
3,285.0
3,155.2
2,474.3
2,447.8
26.5
3,485.4
3,121.9
2,285.9
2,260.8
25.1
3,534.5
3,220.3
25.6
3,767.8
3,502.6
42
127.9
148.2
146.3
152.4
158.9
152.4
157.6
43
82.8
161.6
90.0
105.0
364.2
311.2
234.4
44
-1.3
-19.2
-23.9
-6.6
-38.4
-26.9
-2.6
121.0
121.2
122.5
124.1
112.6
119.8
119.6
46
-306.8
-785.1
-859.9
-767.9 -1,011.1 -1,248.6
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).................
Frompersons.........................
Current surplus of government
enterprises............................
Current expenditures.........
Consumption expenditures...........
Government social benefit payments
to persons.............................
Interest payments......................
Subsidies.................................
Less: W accruals less
age
disbursements.......................
Net state and local
government saving..........
Social insurance funds.................
Other......................................
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 (-)
2009
2008
2008
II
4
5
6
45
2007
II
II
III
IV
I
II
1 1,927.3 1,974.2 1,994.2 1,987.5 1,951.4 1,961.4
2 1,313.4 1,336.3 1,356.9 1,351.0 1,298.9 1,272.2
3 322.8 330.0 342.0 327.2 314.1 287.0
4 295.5 302.4 314.3 299.4 286.4 259.2
27.7
27.7
27.8
27.3
27.6
27.8
5
6 934.0 955.3 957.7 966.7 947.1 933.0
7 446.3 443.9 443.8 447.3 436.3 429.4
8 396.3 410.6 409.1 412.0 415.0 417.7
95.9
85.9
9
91.5 100.9 104.8 107.3
57.2
57.1
37.7
52.2
10
56.5
51.0
11
12
13
14
15
16
17
18
19
19.8
114.2
101.2
2.5
10.5
483.9
378.9
41.3
63.7
21.1
113.9
100.1
2.9
11.0
506.1
391.7
45.6
68.8
20.8
114.0
100.3
2.8
10.9
505.4
391.8
45.3
68.3
21.4
112.7
98.9
2.7
11.0
505.5
390.0
46.0
69.4
22.0
114.5
100.3
3.1
11.2
519.5
402.4
46.6
70.4
21.8
115.8
101.2
3.3
11.3
555.7
437.7
46.8
71.2
259.7
231.7
27.9
934.5
428.7
420.5
85.4
21.7
115.5
101.8
2.3
11.5
617.4
497.9
47.3
72.2
-3.6
-3.2
-2.9
-3.1
-3.5
^.0
20
-3.9
21 1,905.6 2,014.4 2,019.8 2,046.5 2,007.5 1,998.0 2,015.2
22 1,366.1 1,452.4 1,458.3 1,480.4 1,441.7 1,424.4 1,429.3
23
24
25
433.7
98.7
7.1
455.0
103.9
3.0
454.0
104.5
2.9
459.7
104.3
2.1
458.3
104.7
2.8
465.7
106.0
2.0
477.5
107.0
1.4
26
0.0
0.0
0.0
0.0
0.0
0.0
0.0
27
28
29
21.7
1.9
19.8
-40.2
2.0
-42.2
-25.5
1.8
-27.3
-59.0
2.1
-61.1
-56.1
2.5
-58.5
-36.6
2.1
-38.7
1.9
30
31
32
33
34
35
36
1,986.4
1,927.3
59.1
2,074.6
1,905.6
333.7
2,035.9
1,974.2
61.7
2,184.3
2,014.4
348.2
2,054.9
1,994.2
60.7
2,193.1
2,019.8
349.2
2,051.6
1,987.5
64.1
2,219.3
2,046.5
352.7
2,015.6
1,951.4
64.1
2,173.2
2,007.5
350.0
13.1
12.9
12.9
12.9
12.9
37
38
39
2,017.7
1,961.4
56.3
61.5
2,159.2 2,185.1
1,998.0 2,015.2
347.9 356.3
13.1
13.2
177.9 191.2 188.9 192.8 197.2 199.8
-88.2 -148.4 -138.2 -167.7 -157.6 -141.5
199.7
D -2 4
A ugust 2 0 0 9
N a t io n a l D a t a
Table 3.9.1. Percent Change From Preceding Period in Real Government
C onsum ption E xp enditu res and G ross Investm ent
[Percent]
Table 3.9.2. Contributions to Percent Change in Real Government
C onsu m ption E xp enditu res and G ross Investm ent
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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.......
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
1.7
1.4
3.2
3.2
3.2
1.3
0.8
4.7
16.0
2.7
2.2
1.6
6.2
22.7
4.3
-0.6
-0.9
1.6
10.4
-1.3
2.0
1.8
2.6
2.4
4.1
3.1
3.0
3.4
-0.1
10.1
7.7
6.7
14.0
10.3
14.8
7.8
6.5
16.7
20.4
16.2
7.3
7.2
8.3
0.9
11.1
0.5
0.7
-0.6
-0.9
1.1
3.6
1.7
13.4
7.9
23.7
7.8
4.2
34.4
24.2
36.4
7.0
2.3
41.8
22.4
44.7
9.6
8.4
18.5
26.2
16.0
1.2
0.2
5.8
6.7
1.4
III
4.8
5.3
2.4
0.4
5.7
13.2
12.9
15.0
38.3
11.0
19.8
20.0
18.6
32.4
16.8
0.1
-0.8
6.8
44.9
-4.5
0.1
0.8
-2.6
-2.2
-4.8
Seasonally adjusted at annual rates
Line
2009
IV
1.2
2.0
-2.9
-8.3
7.0
6.5
4.7
18.3
44.8
13.4
3.8
3.3
6.7
71.1
-0.4
12.7
7.8
50.9
20.7
64.2
-2.0
0.3
-11.1
-12.0
-6.2
I
2007
2008
II
-2.6
-1.3
-8.7
-4.3
-15.8
-4.3
-2.6
-14.2
8.2
-18.6
-5.1
-4.9
-6.6
17.6
-10.1
-2.5
2.4
-29.6
-1.7
-38.2
-1.5
-0.4
-6.1
-5.5
-9.2
5.6
4.0
13.7
15.6
10.5
10.9
10.3
14.8
3.1
17.6
13.3
11.9
21.7
17.8
22.4
6.0
7.0
-0.7
-12.6
4.6
2.4
-0.1
13.3
16.9
-4.3
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm
ent
ption
ent
that are valued at their cost of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account invest
m (construction and softw
ent
are).
2. Gross governm investm consists of general governm and governm enterprise expenditures for fixedassets;
ent
ent
ent
ent
inventory investm is included ingovernm consum expenditures.
ent
ent
ption
2008
II
Percent change at annual rate:
Government consumption
expenditures and gross
investment....................
Percentage points at annual
rates:
Consumption expenditures ’
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 .....
III
2008
2008
II
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.......
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
24
25
103.090
102.395
106.584
103.762
111.538
103.434
102.189
112.264
120.288
110.764
103.806
102.432
113.578
122.695
112.414
102.653
101.675
109.550
118.085
106.727
102.886
102.523
104.431
102.651
113.012
106.252
105.464
110.214
103.617
122.760
111.362
109.048
128.020
132.686
127.155
111.939
109.088
132.547
147.710
130.625
110.153
108.959
118.607
119.169
118.576
103.355
103.255
103.800
101.683
114.255
105.782
104.755
110.955
104.611
122.957
109.698
107.351
126.610
125.729
126.802
109.597
106.525
131.867
139.009
130.947
109.925
109.100
115.662
113.747
116.497
103.549
103.144
105.273
103.189
115.514
III
107.036
106.126
111.602
104.726
124.684
113.152
110.659
131.123
136.339
130.156
114.668
111.499
137.614
149.119
136.145
109.956
108.873
117.586
124.798
115.176
103.576
103.341
104.575
102.620
114.088
107.346
106.664
110.777
102.491
126.819
114.946
111.933
136.747
149.567
134.326
115.732
112.401
139.865
170.560
136.004
113.288
110.931
130.316
130.805
130.380
103.061
103.431
101.554
99.395
112.291
1.7
3.1
3.6
4.8
1.2
-2.6
5.6
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1.16
0.54
0.35
0.19
0.47
0.25
0.22
0.11
0.11
0.54
0.34
0.20
0.07
0.12
-0.07
-0.09
0.02
0.04
-0.01
1.24
0.91
0.32
0.24
0.09
2.48
0.59
-0.02
0.60
2.78
2.11
0.66
0.08
0.58
1.93
1.39
0.54
0.08
0.46
0.85
0.73
0.12
0.00
0.12
0.29
0.37
-0.08
-0.10
0.02
1.43
2.19
0.85
1.34
2.84
1.35
1.49
0.18
1.31
1.76
0.52
1.23
0.09
1.15
1.08
0.82
0.26
0.09
0.17
0.79
0.09
0.70
0.67
0.03
4.39
0.44
0.07
0.37
4.74
3.99
0.75
0.28
0.47
4.73
4.09
0.64
0.13
0.52
0.01
-0.09
0.11
0.15
-0.05
0.08
0.39
-0.31
-0.21
-0.10
1.67
-0.51
-0.95
0.44
2.40
1.50
0.90
0.34
0.56
0.97
0.73
0.25
0.26
-0.01
1.42
0.77
0.65
0.08
0.57
-1.23
0.17
-1.41
-1.29
-0.12
-1.04
-1.57
-0.49
-1.08
-1.66
-0.84
-0.82
0.08
-0.89
-1.36
-1.10
-0.25
0.09
-0.34
-0.30
0.26
-0.56
-0.01
-0.56
-0.95
-0.20
-0.75
-0.57
-0.19
3.33
2.31
1.66
0.64
4.11
3.35
0.76
0.04
0.73
3.36
2.59
0.77
0.09
0.67
0.75
0.76
-0.01
-0.06
0.05
1.52
-0.02
1.55
1.63
-0.08
Seasonally adjusted
Line
I
106.639
106.321
108.298
101.364
121.488
113.693
111.206
131.612
152.558
127.609
114.219
111.005
137.493
177.604
132.443
112.576
111.598
119.377
130.250
115.581
102.660
103.323
99.976
98.008
109.625
2007
2008
II
108.110
107.366
111.841
105.105
124.550
116.672
113.963
136.224
153.743
132.895
117.840
114.179
144.409
185.020
139.299
114.221
113.489
119.171
125.936
116.887
103.281
103.305
103.144
101.908
108.426
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm
ent
ption
ent
that are valued at their cost of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account invest
m (construction and softw
ent
are).
2. Gross governm investm consists of general governm and governm enterprise expenditures for fixedassets;
ent
ent
ent
ent
inventory investm is included ingovernm consum expenditures.
ent
ent
ption
II
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm
ent
ption
ent
that are valued at their cost of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account invest
m (construction and softw
ent
are).
2. Gross governm investm consists of general governm and governm enterprise expenditures forfixedassets;
ent
ent
ent
ent
inventory investm is included ingovernm consum expenditures.
ent
ent
ption
2009
IV
I
1
Seasonally adjusted
2007
IV
Table 3.9.4. Price Indexes for G overnm en t C onsum ption E xpenditures
and G ross Investm ent
[Index numbers, 2005=100]
Table 3.9.3. Real G overnm en t C onsu m ption Expenditures
and G ross Investm ent, Q uantity Indexes
[Index numbers, 2005=100]
Line
2009
2008
2009
II
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.......
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
109.552
109.366
110.466
116.831
100.265
107.754
108.458
103.125
114.052
101.313
108.286
109.011
103.524
114.500
102.321
106.672
107.333
102.301
113.664
98.877
110.615
109.941
113.482
117.037
98.321
114.502
114.427
114.877
123.540
101.208
110.938
111.892
104.776
117.990
102.563
111.913
112.891
105.630
117.040
104.376
108.935
109.848
102.951
119.025
98.060
116.642
116.057
119.132
123.978
98.669
III
IV
I
II
114.772
114.949
113.940
122.064
101.040
111.265
112.300
104.624
117.522
102.466
112.402
113.491
105.485
117.228
104.189
108.922
109.858
102.785
117.835
98.213
116.877
116.655
117.808
122.410
98.348
115.963
116.072
115.454
124.243
101.588
111.784
112.805
105.230
118.454
103.018
113.059
114.144
106.170
117.337
104.945
109.149
110.057
103.207
119.653
98.208
118.493
118.193
119.750
124.695
98.881
114.233
113.623
117.196
127.147
101.685
110.628
111.453
105.219
119.169
102.878
111.334
112.120
106.140
116.775
104.985
109.198
110.109
103.237
121.801
97.585
116.396
115.003
122.372
127.808
99.493
113.924
113.111
117.879
128.686
101.167
111.084
112.046
104.885
121.023
102.124
111.584
112.502
105.650
119.518
104.024
110.085
111.136
103.258
122.580
97.369
115.587
113.738
123.579
129.312
99.491
114.093
113.446
117.238
127.568
101.213
111.256
112.267
104.767
119.908
102.199
111.719
112.691
105.489
118.672
103.965
110.332
111.423
103.242
121.123
97.821
115.755
114.150
122.674
128.196
99.470
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm
ent
ption
ent
that are valued at their cost of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account invest
m (construction and softw
ent
are).
2. G governm investm consists of general governm and governm enterprise expenditures forfixedassets;
ross
ent
ent
ent
ent
inventory investm is included ingovernm consum expenditures.
ent
ent
ption
Su r v e y
of
C u r r e n t B u sin ess
Table 3.9.5. Government Consumption Expenditures and Gross Investment
[B s of dollars]
illion
Seasonally adjusted at annual rates
Line
2007
2008
2009
2008
II
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.....................................................
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
2,676.5
2,214.9
461.6
298.8
162.8
976.7
848.8
127.9
21.6
106.3
662.1
574.9
87.3
10.5
76.8
314.5
273.9
40.6
11.1
29.5
1,699.8
1,366.1
333.7
277.2
56.4
2,883.2
2,386.9
496.3
315.5
180.8
1,082.6
934.4
148.2
24.6
123.6
737.9
634.0
103.9
12.9
91.0
344.7
300.4
44.3
11.7
32.5
1,800.6
1,452.4
348.2
290.9
57.3
III
IV
I
II
2,877.1
2,381.5
495.5
314.7
180.8
1,069.5
923.2
146.3
23.2
123.1
725.6
622.4
103.2
12.1
91.1
343.9
300.8
43.1
11.1
32.0
1,807.6
1,458.3
349.2
291.5
57.7
2,941.4
2,436.4
505.0
320.7
184.3
1,108.3
956.0
152.4
25.4
127.0
763.6
655.2
108.4
13.0
95.3
344.7
300.7
44.0
12.3
31.7
1,833.1
1,480.4
352.7
295.4
57.3
2,905.9
2,397.1
508.9
321.2
187.6
1,114.3
955.4
158.9
28.0
130.9
758.9
648.8
110.1
14.8
95.3
355.3
306.6
48.8
13.2
35.6
1,791.7
1,441.7
350.0
293.2
56.8
2,879.0
2,378.6
500.4
321.5
178.8
1,106.7
954.2
152.4
29.0
123.4
750.7
642.9
107.8
15.8
91.9
356.0
311.3
44.7
13.2
31.5
1,772.3
1,424.4
347.9
292.5
55.4
2,923.0
2,409.1
513.9
330.5
183.4
1,137.4
979.8
157.6
29.0
128.6
775.4
662.4
113.0
16.4
96.6
362.0
317.4
44.6
12.6
32.0
1,785.6
1,429.3
356.3
301.5
54.8
1. G
overnm consum expenditures are services (such as education and national defense) produced by governm that are valued at their cost of produc
ent
ption
ent
tion. Excludes governm sales to other sectors and government ow
ent
n-account investm (construction and softw
ent
are).
2. Gross governm investm consists of general governm and governm enterprise expenditures for fixed assets; inventory investm is included in
ent
ent
ent
ent
ent
governm consum expenditures.
ent
ption
Table 3.9.6. Real G overnm ent C onsum ption Expenditures and G ross Investm ent, C hained Dollars
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2009
2008
II
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................................................................................
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
2,443.1
2,025.2
417.8
255.8
162.3
906.4
782.6
124.0
18.9
104.9
611.5
527.4
84.3
9.1
75.0
294.9
255.2
39.7
9.8
29.9
1,536.7
1,242.6
294.0
236.9
57.4
-0.2
2,518 1
2,08b 9
432 1
255 4
1787
975 9
835 1
141 4
20 9
1205
659 4
561 6
98 4
11 0
87 2
3164
273 5
43 0
99
33 2
1,5437
1,251 5
292 3
234 6
58 0
-2 4
III
IV
I
II
2,506.9
2,071.9
435.0
257.8
178.9
961.3
822.1
139.9
19.8
120.1
645.6
548.4
97.9
10.4
87.4
315.8
273.8
41.9
9.4
32.6
1,546.6
1,250.1
296.4
238.1
58.7
-2.0
2,536.6
2,099.0
437.5
258.1
181.5
991.6
847.5
144.8
21.4
123.3
675.4
574.0
102.1
11.1
90.9
315.9
273.3
42.6
10.3
32.2
1,547.0
1,252.5
294.4
236.8
58.0
-2.5
2,544.0
2,109.7
434.3
252.6
184.6
1,007.3
857.2
151.1
23.5
127.3
681.7
578.7
103.8
12.7
90.8
325.4
278.4
47.2
10.8
36.5
1,539.3
1,253.6
285.9
229.4
57.0
-3.9
2,527.2
2,102.9
424.5
249.8
176.8
996.3
851.7
145.4
24.0
120.9
672.8
571.5
102.0
13.2
88.4
323.4
280.1
43.3
10.8
32.3
1,533.3
1,252.3
281.5
226.2
55.7
-3.3
2,562.1
2,123.6
438.4
259.1
181.3
1,022.4
872.8
150.5
24.2
125.9
694.1
587.8
107.2
13.8
93.0
328.1
284.9
43.2
10.4
32.7
1,542.6
1,252.1
290.4
235.2
55.1
-2.9
1. G
overnm consum expenditures are services (such as education and national defense) produced by governm that are valued at their cost of produc
ent
ption
ent
tion. Excludes governm sales to other sectors and governm ow
ent
ent n-account investm (construction and softw
ent
are).
2. Gross governm investm consists of general governm and governm enterprise expenditures for fixed assets; inventory investm is included in
ent
ent
ent
ent
ent
governm consum expenditures.
ent
ption
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 current-dollar value of the corresponding series,
divided by 100. Because the form for the chain-type quantity indexes uses w
ula
eights of m than one period, the corresponding chained-dollar estimates are usually
ore
not additive. The residual line is the difference between the first line and the sumof the m detailed lines.
ost
D -2 6
N a t io n a l D a t a
A u gu st 2 0 0 9
Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures
and G eneral G overnm ent G ross O utput
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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......................................................................
V added.................................................................................................
alue
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 expenditures 1....................................................................
Gross output of general government..................
V added.............................................
alue
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...................................
Comm
odity 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.
V added.................................................................................................
alue
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.........................................................................................
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
4?
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2009
III
IV
I
II
1.4
1.5
1.4
1.1
3.2
1.6
6.9
1.9
1.1
3.2
2.1
0.8
0.7
0.8
0.0
3.5
0.7
9.2
0.0
-0.3
-4.1
-2.3
1.6
1.6
0.5
-0.4
3.3
2.9
9.9
3.7
1.7
-4.6
7.3
-0.9
-1.1
1.2
0.6
4.1
-4.3
1.9
3.0
2.9
2.2
1.9
3.5
4.1
11.7
1.9
4.3
3.5
2.4
6.7
6.6
3.9
3.8
4.4
10.0
18.1
7.3
9.4
7.6
-4.2
6.5
6.2
4.0
3.9
4.4
8.9
18.4
3.4
7.9
4.6
-28.6
7.2
7.4
3.9
3.8
4.4
12.8
14.4
1.7
1.8
2.2
1.9
3.4
1.2
17.1
2.3
-0.7
8.2
1.7
4.2
4.3
4.4
4.5
4.2
4.1
27.4
12.9
-0.1
5.0
11.7
2.3
2.4
4.1
4.1
4.2
0.4
28.7
22.2
-6.6
2.8
20.8
8.4
8.3
5.0
5.1
4.3
13.1
12.1
5.3
5.1
2.7
2.7
2.7
8.9
13.9
1.8
11.7
1.6
4.0
12.9
14.1
6.5
7.6
2.7
23.8
21.8
10.3
26.6
14.5
253.9
20.0
19.8
8.2
10.1
2.7
33.9
23.6
19.7
38.4
4.2
-9.5
-0.8
3.1
3.3
3.5
2.5
2.9
0.4
2.0
1.3
1.9
1.8
2.1
0.5
7.0
2.3
-0.9
-3.2
-3.1
4.7
3.6
6.0
7.3
1.4
0.9
9.7
6.9
-1.1
5.2
-66.6
3.3
3.2
5.7
7.1
1.4
0.7
9.5
11.8
-2.2
-7.0
3.7
7.8
4.5
6.7
7.8
1.4
1.5
13.1
-1.3
-1.0
1.2
0.7
4.0
-4.5
-16.7
0.5
-4.9
0.7
0.8
-2.6
-2.1
4.8
4.5
5.8
-9.9
-24.3
4.9
-9.6
29.3
51.7
-4.9
-4.7
4.5
4.2
5.7
-14.3
-25.7
-14.2
-12.0
58.2
-1.5
2.4
3.5
5.2
5.1
6.1
1.2
-1.7
4.0
3.6
2.7
2.3
4.5
5.2
29.5
5.3
3.0
4.9
1.0
10.3
10.4
7.6
7.9
6.7
14.0
48.0
30.8
7.7
4.6
29.5
11.9
11.9
7.8
8.1
6.9
16.9
51.6
34.6
9.7
7.8
2.1
7.0
7.5
7.3
7.5
6.3
7.7
7.1
-4.3
-4.6
-3.8
-10.3
1.8
1.9
1.7
1.5
2.9
2.3
3.2
2.3
2.2
4.8
2.2
1.2
2.6
2.3
13.0
12.7
10.0
20.4
0.7
1.1
1.4
1.2
2.8
0.5
1.4
0.8
0.2
2.6
2.6
1.2
4.2
1.3
29.7
15.7
6.8
6.5
0.2
0.5
1.2
0.9
2.8
-0.6
0.8
0.2
-1.2
8.9
1.5
-0.1
3.4
0.0
-23.1
4.0
23.0
638.4
0.8
0.8
1.1
0.8
2.7
0.2
0.5
0.0
0.2
-0.9
0.8
-0.8
2.8
-0.7
2.8
1.3
15.0
-82.2
0.3
0.1
0.1
-0.3
2.7
0.2
1.9
1.3
-0.7
-4.9
-0.5
-3.5
0.9
-0.4
39.5
-4.1
11.8
100.4
-0.4
-0.4
-0.4
-0.8
2.6
-0.5
-0.5
-0.5
-0.5
-5.0
-0.1
-0.4
-0.4
0.5
14.5
3.4
2.3
47.7
-0.1
0.1
0.5
0.1
2.8
-0.7
0.6
-0.2
-1.0
4.9
0.4
-0.4
-0.4
2.0
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm that are valued at their cost of production. Excludes governm sales to other sectors and
ent
ption
ent
ent
governm ow
ent n-account investm (construction and softw
ent
are).
2. Consum of fixedcapital, or depreciation, is included ingovernm gross output as a partial measure of the services of general governm fixedassets; the use of depreciation assumes a zero net return on
ption
ent
ent
these assets.
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and forow
n-account investm
ent.
4. O
wn-account investm is m
ent easured incurrent dollars by com
pensation of general governm em
ent ployees and related expenditures for goods and services and is classified as investm in structures and in
ent
softw in table 3.9.5.
are
Survey
A u gu st 2 0 0 9
of
D -2 7
C u r r e n t B u sin ess
Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes
[Index num
bers, 2005=100]
Seasonally adjusted
Line
2007
2008
102.395
102.439
102.019
101.303
106.230
103.137
112.792
101.827
102.757
105.283
102.503
102.189
101.928
100.688
99.044
106.831
103.535
118.216
95.946
102.973
94.159
83.851
102.432
102.471
100.025
98.106
106.207
105.472
119.049
99.904
103.984
93.334
114.445
101.675
100.819
101.924
100.638
108.520
99.155
108.922
105.464
105.437
104.247
103.272
109.980
107.395
125.976
103.804
107.172
108.925
104.985
109.048
108.670
104.664
102.825
111.545
113.903
139.614
102.984
112.626
101.333
80.310
109.088
108.871
104.024
101.891
110.908
114.840
140.946
103.345
112.234
97.632
81.700
108.959
108.262
105.855
104.413
113.271
111.807
124.613
104.755
104.807
103.917
102.934
109.699
106.291
124.570
103.565
105.699
109.457
104.788
107.351
106.907
103.735
101.701
111.369
111.069
137.310
102.043
109.383
99.598
73.225
106.525
106.345
102.893
100.475
110.723
110.626
138.458
101.506
107.391
97.741
83.504
109.100
108.081
105.313
103.797
113.117
112.157
124.454
106.126
106.125
104.611
103.621
110.433
108.591
128.700
104.037
108.669
109.904
105.810
110.659
110.493
105.376
103.577
112.105
117.155
144.256
104.570
116.021
103.023
100.437
111.499
111.260
104.945
102.919
111.471
119.003
145.989
106.172
116.471
98.745
81.454
108.873
108.913
106.169
104.682
113.820
112.955
124.583
106.664
106.472
105.095
104.089
111.009
108.721
130.886
104.639
108.428
109.021
104.992
111.933
111.483
106.925
105.429
112.490
117.425
147.636
106.327
115.693
104.328
76.351
112.401
112.152
106.400
104.697
111.855
119.212
149.329
109.163
115.838
96.965
82.199
110.931
110.105
107.897
106.662
114.208
113.365
128.469
106.321
106.207
105.409
104.271
112.094
107.478
125.031
104.771
107.084
109.221
105.199
111.206
110.902
108.183
106.597
114.097
114.402
137.721
107.619
112.803
111.259
84.741
111.005
110.813
107.590
105.774
113.428
114.695
138.631
105.074
112.198
108.739
81.890
111.598
111.068
109.282
107.989
115.908
113.700
127.916
107.366
107.150
106.103
104.873
113.332
108.849
133.375
106.131
107.867
110.524
105.456
113.963
113.681
110.190
108.638
115.965
118.221
151.911
115.082
114.918
112.510
90.407
114.179
113.966
109.626
107.847
115.325
119.272
153.825
113.183
114.823
110.796
82.310
113.489
113.090
111.236
109.971
117.695
115.825
130.121
89.261
100.693
94.820
66.355
102.523
102.697
102.607
102.195
105.748
102.865
104.905
103.170
102.560
107.984
103.086
102.107
102.564
104.464
100.893
113.509
104.305
79.864
103.255
103.819
104.066
103.445
108.760
103.370
106.335
104.020
102.800
110.775
105.753
103.382
106.851
105.863
105.758
113.871
101.081
67.926
103.144
103.748
103.996
103.414
108.401
103.297
106.199
103.939
102.732
111.847
105.777
103.712
106.651
105.981
99.021
115.000
106.457
111.971
103.341
103.943
104.276
103.633
109.134
103.340
106.327
103.951
102.793
111.583
105.991
103.497
107.378
105.791
99.702
115.360
110.251
72.688
103.431
103.973
104.298
103.560
109.852
103.382
106.823
104.293
102.621
110.179
105.860
102.574
107.622
105.697
108.347
114.168
113.380
86.483
103.323
103.865
104.202
103.355
110.552
103.251
106.682
104.164
102.469
108.780
105.833
102.471
107.514
105.828
112.075
115.125
114.018
95.346
103.305
103.886
104.324
103.387
111.327
103.076
106.838
104.122
102.228
110.095
105.936
102.369
107.407
106.362
II
Government consumption expenditures 1............................................................
Gross output of general government...................................................................
V added..............................................................................................
alue
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 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...............................................................................
Nondefense consumption expenditures 1................................................................
Gross output of general government......................................................................
V added.................................................................................................
alue
Compensation of general government employees................................................
Consumption of general government fixed capital2.............................................
Intermediate goods and services purchased 3.......................................................
Durable goods..................................
Comm
odity 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
V added.....................
alue
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....
T
uition and related educational charges.....................................................
Health and hospital charges....................................................................
Other sales.........................................................................................
1
2
3
4
fa
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2009
2008
III
IV
I
I
I
1. Governm consum expenditures are services (such as education and national defense) produced bygovernm that are valued at their cost of production. Excludes governm sales toother sectors and
ent
ption
ent
ent
governm ow
ent n-account investm (construction and softw
ent
are).
2. Consum of fixedcapital, or depreciation, is included ingovernm gross output as a partial measure of the services of general governm fixedassets; the use of depreciation assumes a zero net return on
ption
ent
ent
these assets.
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account investm
ent.
4. O n-account investm is m
w
ent easured incurrent dollars by com
pensation of general governm em
ent ployees and related expenditures for goods and services and is classified as investm in structures and in
ent
softw intable 3.9.5.
are
D -2 8
N a t io n a l D a t a
A u gu st 2 0 0 9
Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output
[Index num
bers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
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.................
V added............................................
alue
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 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...............................................................................
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.........................................................................................
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
III
2009
IV
I
II
109.366
109.328
109.301
109.297
109.320
109.375
102.255
113.960
108.392
107.926
109.190
108.458
108.442
109.953
111.234
105.474
106.540
101.968
111.493
106.412
108.079
107.110
109.011
109.003
110.946
112.560
106.104
106.729
102.545
115.473
106.496
108.602
108.006
107.333
107.319
108.142
109.045
103.804
106.120
95.673
114.427
114.355
112.750
112.691
113.077
116.973
103.537
131.300
113.135
112.035
114.061
111.892
111.872
112.192
113.493
107.643
111.419
102.607
128.011
110.269
110.735
110.668
112.891
112.878
113.490
115.062
108.763
112.088
103.449
142.673
110.384
111.646
111.470
109.848
109.849
109.828
110.903
104.684
109.871
93.181
114.949
114.738
112.512
112.507
112.543
118.358
103.123
138.348
112.700
111.828
113.569
112.300
112.279
112.440
113.793
107.719
112.015
102.317
135.485
110.046
110.724
111.055
113.491
113.461
113.856
115.499
108.925
112.907
103.109
156.081
110.127
111.721
109.013
109.858
109.897
109.864
110.980
104.535
109.942
93.513
116.072
115.886
113.106
113.001
113.692
120.399
103.902
141.880
114.350
113.043
114.878
112.805
112.805
112.150
113.240
108.309
113.499
102.873
138.501
111.454
110.977
113.903
114.144
114.128
113.596
114.920
109.579
114.584
103.728
160.958
111.673
111.968
112.964
110.057
110.136
109.520
110.469
104.960
110.980
93.308
113.623
113.843
113.603
113.409
114.679
114.274
104.470
116.138
114.452
112.640
115.417
111.453
111.402
111.954
113.084
107.980
110.689
103.289
114.816
111.039
110.993
106.826
112.120
112.122
113.179
114.521
109.114
110.876
104.288
118.559
111.144
112.017
113.128
110.109
109.968
109.726
110.713
104.987
110.290
91.946
113.111
113.480
114.907
114.890
115.012
111.209
104.581
105.471
113.763
112.290
116.054
112.046
111.968
114.569
116.555
107.664
108.807
103.122
104.308
110.120
110.119
105.255
112.502
112.470
115.819
118.253
108.546
108.693
104.139
97.584
110.548
107.586
110.005
111.136
110.975
112.295
113.755
105.334
109.101
91.556
113.446
113.870
115.344
115.510
114.448
111.524
104.630
107.765
113.391
112.733
116.817
112.267
112.192
114.511
116.564
107.375
109.371
103.039
108.930
110.181
110.350
105.735
112.691
112.655
115.709
118.232
108.174
109.208
104.031
104.170
110.532
107.873
109.298
111.423
111.276
112.331
113.814
105.260
109.776
91.774
107.336
106.227
107.664
106.269
109.941
109.783
109.016
108.554
112.509
111.250
102.737
114.493
110.060
107.891
109.248
113.390
107.680
108.760
113.175
110.012
110.024
109.718
116.057
115.644
112.994
112.383
117.598
120.715
105.156
132.013
115.572
112.315
114.152
120.444
111.049
114.435
114.356
109.861
109.946
111.622
116.655
116.014
112.539
112.009
116.549
122.672
104.499
138.968
114.942
112.066
113.632
119.704
110.788
113.691
115.173
110.970
110.204
113.689
118.193
117.498
113.524
112.907
118.168
125.120
105.709
142.620
116.807
113.492
114.900
121.390
111.534
115.429
112.101
110.810
110.198
103.263
115.003
115.106
114.331
113.538
120.268
116.566
106.578
116.409
117.391
112.994
115.652
122.897
111.929
116.212
110.499
109.173
111.929
102.608
113.738
114.234
115.040
114.223
121.150
112.644
107.230
105.707
116.916
112.771
116.342
124.687
112.796
115.965
113.376
109.403
112.116
103.702
114.150
114.716
115.705
115.091
120.352
112.774
107.537
107.430
116.145
113.265
117.112
126.685
113.604
115.920
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm that are valuedat their cost of production. Excludes governm sales to other sectors and
ent
ption
ent
ent
governm ow
ent n-account investm (construction and softw
ent
are).
2. Consum of fixedcapital, or depreciation, is included ingovernm gross output as a partial m
ption
ent
easure of the services of general governm fixedassets; the use of depreciation assumes a zero net return on
ent
these assets.
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account investm
ent.
4. O n-account investm is m
w
ent easured incurrent dollars by com
pensation of general governm em
ent ployees and related expenditures for goods and services and is classified as investm in structures and in
ent
softw intable 3.9.5.
are
A u gu st 2 0 0 9
Survey
of
C u r r e n t B u sin ess
D -2 9
Table 3.10.5. G overnm ent C onsum ption E xpenditures and G eneral G overnm ent G ross O utput
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
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......................................................................
V added.................................................................................................
alue
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 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...............................................................................
Nondefense consumption expenditures 1................................................................
Gross output of general government......................................................................
V added.................................................................................................
alue
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.........................................................................................
1
2
3
4
b
6
7
8
9
10
1
1
12
13
14
15
16
1/
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2,214.9
2,575.2
1,601.8
1,359.4
242.4
973.5
63.0
252.5
658.0
27.0
333.3
848.8
861.7
485.7
379.5
106.3
376.0
39.0
43.4
293.5
4.7
8.2
574.9
581.0
315.6
238.2
77.4
265.4
36.1
24.1
205.3
2.1
4.1
273.9
280.6
170.1
141.3
28.8
110.5
2.9
19.3
-0.1
19.4
88.3
2.6
4.1
1,366.1
1,713.6
1,116.0
979.9
136.1
597.5
24.0
209.0
364.5
22.3
325.1
70.8
146.1
108.2
2,386.9
2,772.5
1,688.4
1,428.9
259.5
1,084.1
71.2
296.5
716.3
29.0
356.6
934.4
947.7
515.2
402.0
113.2
432.5
46.3
53.5
332.7
5.2
8.1
634.0
639.3
335.7
252.9
82.9
303.5
43.1
30.8
229.6
2.2
3.0
300.4
308.5
179.4
149.1
30.4
129.0
3.2
22.7
-0.4
23.1
103.0
3.0
5.1
1,452.4
1,824.7
1,173.2
1,026.9
146.3
651.5
24.9
243.0
383.6
23.8
348.5
76.2
157.0
115.4
2009
2008
II
2,381.5
2,765.0
1,679.5
1,421.8
257.6
1,085.6
70.1
311.8
703.7
29.1
354.4
923.2
935.7
511.8
398.6
113.1
423.9
45.4
56.2
322.4
5.1
7.4
622.4
627.6
333.2
250.3
82.8
294.5
42.2
33.1
219.2
2.2
3.0
300.8
308.1
178.6
148.3
30.3
129.5
3.2
23.0
-1.5
24.5
103.2
2.9
4.4
1,458.3
1,829.3
1,167.7
1,023.2
144.5
661.6
24.7
255.6
381.3
24.0
347.0
75.9
156.3
114.7
III
2,436.4
2,827.9
1,699.6
1,437.6
262.0
1,128.3
73.0
321.2
734.1
29.5
362.0
956.0
971.6
518.5
404.0
114.5
453.1
48.0
58.8
346.3
5.3
10.4
655.2
660.5
339.0
255.1
83.9
321.5
44.7
35.7
241.0
2.3
3.0
300.7
311.1
179.5
148.9
30.6
131.6
3.2
23.1
0.0
23.1
105.3
3.0
7.3
1,480.4
1,856.2
1,181.1
1,033.6
147.5
675.1
25.0
262.4
387.7
24.2
351.6
76.8
158.4
116.3
IV
2,397.1
2,787.1
1,715.0
1,449.3
265.6
1,072.2
74.6
264.5
733.1
29.2
360.8
955.4
968.2
525.2
410.7
114.5
442.9
49.3
49.6
344.1
5.4
7.4
648.8
654.1
342.5
258.7
83.8
311.6
46.0
27.1
238.6
2.2
3.1
306.6
314.0
182.7
152.0
30.7
131.3
3.3
22.5
-0.1
22.6
105.5
3.1
4.3
1,441.7
1,819.0
1,189.7
1,038.6
151.1
629.2
25.4
214.9
389.0
23.8
353.4
77.1
159.4
117.0
I
2,378.6
2,771.3
1,739.8
1,470.8
269.0
1,031.5
71.4
240.5
719.6
29.2
363.5
954.2
968.0
543.8
428.0
115.8
424.2
45.9
45.6
332.7
5.7
8.1
642.9
648.3
354.4
269.8
84.6
293.9
42.6
21.4
229.8
2.4
3.0
311.3
319.7
189.4
158.2
31.3
130.3
3.3
24.2
-0.1
24.3
102.8
3.3
5.1
1,424.4
1,803.3
1,196.0
1,042.8
153.2
607.3
25.5
194.9
387.0
23.5
355.5
78.1
160.4
116.9
II
2,409.1
2,805.5
1,757.9
1,487.3
270.7
1,047.6
76.2
248.9
722.5
29.6
366.8
979.8
994.2
553.6
436.2
117.4
440.6
50.6
50.9
339.1
5.8
8.7
662.4
667.9
360.8
275.1
85.7
307.1
47.3
24.6
235.2
2.5
3.0
317.4
326.4
192.9
161.1
31.7
133.5
3.3
26.3
0.5
25.7
103.9
3.3
5.7
1,429.3
1,811.3
1,204.3
1,051.1
153.3
607.0
25.6
198.0
383.4
23.9
358.2
79.3
161.4
117.4
1. Governm consum expenditures are services (such as education and national defense) produced bygovernm that are valued at their cost of production. Excludes governm sales toother sectors and
ent
ption
ent
ent
governm ow
ent n-account investm (construction and softw
ent
are).
2. Consum of fixedcapital, or depreciation, is included ingovernm gross output as a partial measure of the services of general governm fixedassets; the use of depreciation assumes a zero net returnon
ption
ent
ent
these assets.
3. Includes general governm interm
ent
ediate inputs for goods and services soldto other sectors and for ow
n-account investm
ent.
4. O
wn-account investm is m
ent easured in current dollars by com
pensation of general governm em
ent ployees and related expenditures for goods and services and is classified as investm in structures and in
ent
softw intable 3.9.5.
are
N a tio n a l D a ta
D -3 0
A u gu st 2 0 0 9
Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars
[B s of chained (2005) dollars]
illion
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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......................................................................
V added..................................................................................................
alue
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 expenditures 1.....................................................................
Gross output of general government......................................................................
V added.................................................................................................
alue
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......................................................................
V added.................................................................................................
alue
Compensation of general government employees................................................
Consumption of general government fixed capital2..............................................
Intermediate goods and services purchased 3.......................................................
Durable goods............................................................................................
Nondurable goods.......................................................................................
Comm
odity 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...................................................................................................................
1
2
3
4
b
6
7
8
9
10
1
1
12
13
14
15
16
1/
18
19
20
21
22
23
24
2b
26
21
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
b2
53
54
55
56
57
58
59
60
61
2,025.2
2,355.5
1,465.5
1,243.8
221.7
890.0
61.6
221.5
607.1
25.0
305.2
782.6
794.6
441.8
341.2
100.7
352.9
38.2
39.0
275.8
4.4
7.6
527.4
533.1
284.5
211.6
73.0
248.7
35.2
20.9
192.8
1.9
3.8
255.2
261.5
157.3
129.6
27.8
104.1
3.0
18.0
0.0
18.1
83.1
2.5
3.8
1,242.6
1,560.9
1,023.7
902.7
121.0
537.1
23.4
182.6
331.2
20.7
297.6
62.5
135.7
99.5
-0.4
2,085.9
2,424.5
1,497.5
1,268.0
229.5
926.8
68.8
225.8
633.2
25.9
312.6
835.1
847.2
459.2
354.2
105.2
388.2
45.1
41.8
301.7
4.7
7.3
561.6
566.3
295.8
219.8
76.2
270.8
41.6
21.6
208.0
2.0
2.7
273.5
280.8
163.4
134.4
29.0
117.4
3.5
20.2
-0.2
20.4
93.7
2.7
4.6
1,251.5
1,577.9
1,038.3
913.8
124.4
539.7
23.7
184.1
332.0
21.2
305.3
63.2
141.4
100.8
-1.5
2,071.9
2,410.0
1,492.7
1,263.8
228.9
917.2
68.0
225.3
624.5
26.0
312.0
822.1
833.4
455.1
350.3
105.0
378.6
44.4
41.4
293.0
4.6
6.7
548.4
553.2
292.6
216.7
76.1
260.9
40.9
21.2
199.1
2.0
2.8
273.8
280.3
162.6
133.6
29.0
117.8
3.5
20.5
-0.9
21.4
94.0
2.6
3.9
1,250.1
1,576.8
1,037.6
913.5
124.0
539.3
23.7
183.9
331.7
21.4
305.4
63.4
141.1
100.9
-1.4
III
2,099.0
2,440.3
1,502.7
1,272.2
230.5
937.1
70.3
226.3
642.0
26.1
315.1
847.5
861.4
462.3
356.8
105.7
399.3
46.6
42.5
310.8
4.8
9.1
574.0
578.8
298.5
222.0
76.6
280.6
43.1
22.2
215.9
2.0
2.7
273.3
282.5
163.9
134.8
29.1
118.6
3.5
20.1
0.1
20.1
94.9
2.8
6.5
1,252.5
1,579.8
1,040.4
915.4
124.8
539.6
23.7
183.9
331.9
21.4
306.0
63.3
142.1
100.7
-1.5
2009
IV
2,109.7
2,448.3
1,509.7
1,278.0
231.7
938.2
71.5
227.7
640.6
25.9
312.6
857.2
869.1
469.1
363.1
106.1
400.2
47.7
43.2
309.9
4.8
6.9
578.7
583.4
302.6
225.8
76.8
281.1
44.1
22.8
214.7
2.0
2.7
278.4
285.6
166.5
137.3
29.2
119.1
3.6
20.1
-0.1
20.2
95.2
2.9
4.2
1,253.6
1,580.2
1,040.6
914.8
125.7
539.8
23.8
184.5
331.4
21.1
305.6
62.7
142.4
100.6
-1.5
I
2,102.9
2,442.2
1,514.2
1,280.2
233.9
927.5
68.3
227.9
632.7
26.0
313.3
851.7
864.6
474.6
367.2
107.6
389.9
44.5
43.7
302.2
5.2
7.7
571.5
576.4
306.0
228.2
77.9
270.5
41.0
21.9
208.0
2.2
2.7
280.1
288.1
168.7
139.0
29.7
119.4
3.6
21.6
-0.3
22.0
94.2
2.9
5.0
1,252.3
1,578.6
1,039.7
913.0
126.5
539.1
23.8
184.3
331.0
20.8
305.5
62.7
142.2
100.8
-1.6
I
I
2,123.6
2,463.8
1,524.1
1,287.6
236.5
939.3
72.8
230.9
637.3
26.3
314.0
872.8
886.2
483.5
374.2
109.3
402.9
49.1
46.7
307.8
5.2
8.2
587.8
592.8
311.8
232.6
79.2
281.2
45.5
23.6
212.8
2.3
2.7
284.9
293.3
171.7
141.6
30.1
121.6
3.6
23.0
0.3
22.7
95.0
3.0
5.5
1,252.1
1,578.9
1,040.9
913.3
127.4
538.2
23.8
184.2
330.1
21.1
305.8
62.6
142.1
101.3
-1.6
1. G
overnm consum expenditures are services (such as education and national defense) produced bygovernm that are valued at their cost of production. Excludes governm sales toother sectors and
ent
ption
ent
ent
governm ow
ent n-account investm (construction and softw
ent
are).
2. Consum of fixedcapital, or depreciation, is included ingovernm gross output as a partial measure of the services of general governm fixed assets; the use of depreciation assumes a zeronet return on
ption
ent
ent
these assets.
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and forow
n-account investm
ent.
4. O n-account investm is m
w
ent easured incurrent dollars by com
pensation of general governm em
ent ployees and related expenditures for goods and services and is classified as investm in structures and in
ent
softw intable 3.9.5.
are
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100. Because the form forthe chain-type
ula
quantity indexes uses w
eights o m 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 o the m detailed
f ore
f
ost
lines.
A u gu st 2 0 0 9
Su r v ey
of
C u r r e n t B u sin ess
D -3 1
Table 3.11.1. Percent Change From Preceding Period in Real National Defense Consumption
Expenditures and Gross Investment by Type
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
2009
II
National defense consumption expenditures and gross investment.............................
Consumption expenditures 1.......................................................................................
Gross output of general government.............................................................................
Value added........................................................................................................
Compensation of general government employees......................................................
M
ilitary........................................................................................................
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 investment5.....
Structures...............
Equipment and software
A
ircraft................
Missiles.............................................................................................................
Ships..................
Vehicles..............
Electronics and software
Other 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
37
38
2.2
1.6
1.6
0.5
-0.4
-0.8
0.6
3.3
2.9
9.9
3.8
8.8
-19.6
38.9
22.7
7.7
3.7
3.8
-6.3
9.8
1.7
-3.3
-5.4
-2.7
5.5
50.5
9.7
-4.6
7.3
6.2
22.7
4.3
-6.1
-5.5
-6.9
21.3
17.1
6.0
7.8
6.5
6.2
4.0
3.9
4.5
2.6
4.4
8.9
18.4
13.1
5.2
-31.6
35.3
38.7
16.0
3.4
1.5
2.4
7.8
7.9
5.0
3.9
18.7
16.6
-16.6
-20.0
4.6
-28.6
16.7
20.4
16.2
5.1
-4.7
-0.5
47.2
26.6
18.1
III
IV
I
II
7.0
2.3
2.4
4.1
4.1
3.0
6.5
4.2
0.4
28.7
34.8
4.6
88.4
72.0
42.7
8.4
22.2
51.8
-41.3
14.6
-6.6
10.1
-5.0
-8.3
-8.3
-44.8
-31.9
2.8
20.8
41.8
22.4
44.7
324.7
102.4
32.6
-5.8
26.7
12.9
19.8
20.0
19.8
8.2
10.1
11.9
6.2
2.7
33.9
23.6
34.5
2.3
-22.2
0.5
43.8
14.5
19.7
23.4
45.2
1.4
38.4
-2.1
65.0
183.0
53.4
-52.4
-25.9
4.2
-9.5
18.6
32.4
16.8
-4.7
7.7
10.8
69.7
25.3
14.1
3.8
3.3
3.2
5.7
7.1
9.9
1.1
1.4
0.7
9.5
19.1
7.4
-43.1
156.9
-1.3
-11.9
11.8
5.0
15.2
25.3
-2.2
61.9
-9.1
-31.0
-17.3
-59.2
62.8
-7.0
3.7
6.7
71.1
-0.4
2.4
-43.8
23.6
6.5
1.4
-4.9
-5.1
-4.9
-4.7
4.5
4.2
5.6
1.0
5.7
-14.3
-25.7
-2.6
-33.2
-22.0
-81.6
-40.1
3.8
-14.2
-9.6
-50.9
5.0
-12.0
-40.8
14.9
-33.5
9.4
46.2
14.6
58.2
-1.5
-6.6
17.6
-10.1
-5.0
88.9
-21.5
-45.8
-22.6
5.8
13.3
11.9
11.9
7.8
8.1
9.8
4.1
6.9
16.9
51.6
34.2
24.4
61.8
519.1
62.1
17.8
34.6
19.4
62.0
40.4
9.7
22.0
12.8
0.6
3.8
7.6
2.2
7.8
2.1
21.7
17.8
22.4
66.5
10.8
21.9
-12.1
30.8
12.2
1. N
ational defense consum expenditures are defense services produced by governm that are valued at their cost of production. Excludes governm sales to other sectors and governm ow
ption
ent
ent
ent n-account
investm (construction and softw
ent
are).
2. Consum of fixedcapital, or depreciation, is includedin governm gross output as a partial measure of the services of general governm fixedassets; the use of depreciation assumes a zero net return on
ption
ent
ent
these assets.
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account investm
ent.
4. Own-account investm is m
ent easured incurrent dollars by com
pensation of general governm em
ent ployees and related expenditures for goods and services and is classified as investm in structures and in
ent
softw
are.
5. Gross governm investm consists of general governm and governm enterprise expenditures forfixedassets; inventory investm is included ingovernm consum expenditures.
ent
ent
ent
ent
ent
ent
ption
D -3 2
N a t io n a l D a t a
Table 3.11.3. Real National Defense Consumption Expenditures
and Gross Investment by Type, Quantity Indexes
[Index num
bers, 2005=100]
A u gu st 2 0 0 9
Table 3.11.4. Price Indexes for National Defense Consumption
Expenditures and Gross Investment by Type
[Index num
bers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
National defense
consumption
expenditures and gross
investment....................
Consumption expenditures 1.....
Gross output of general
government......................
V added......................
alue
Compensation of general
government employees...
M
ilitary......................
Civilian......................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3.......
Durable goods................
Aircraft......................
M
issiles.....................
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 fo other sectors....
Gross investment5..................
Structures............................
Equipment and software..........
Aircraft.............................
M
issiles............................
Ships..............................
Vehicles...........................
Electronics and software......
Other equipment.................
III
Seasonally adjusted
2009
IV
I
Line
2008
II
1 103.806 111.939 109.597 114.668 115.732 114.219 117.840
2 102.432 109.088 106.525 111.499 112.401 111.005 114.179
3 102.471 108.871 106.345 111.260 112.152 110.813 113.966
4 100.025 104.024 102.893 104.945 106.400 107.590 109.626
5 98.106 101.891 100.475 102.919 104.697 105.774 107.847
6 96.891 101.205 99.362 102.198 104.634 106.074 108.592
7 100.762 103.351 102.907 104.457 104.744 104.996 106.061
8 106.207 110.908 110.723 111.471 111.855 113.428 115.325
9
10
11
12
13
14
15
16
17
18
19
20
21
105.472
119.049
103.658
130.204
79.613
205.031
143.342
113.585
99.904
99.716
91.997
105.056
103.984
114.840
140.946
117.187
137.034
54.445
277.342
198.803
131.777
103.345
101.234
94.160
113.204
112.234
110.626
138.458
113.499
136.401
60.353
267.832
193.879
131.238
101.506
100.683
86.038
112.319
107.391
119.003
145.989
122.228
137.189
56.681
268.160
212.317
135.752
106.172
106.118
94.440
112.706
116.471
119.212
149.329
127.679
139.666
49.231
339.493
211.611
131.508
109.163
107.430
97.851
119.241
115.838
114.695
138.631
126.825
126.286
46.268
222.465
186.142
132.724
105.074
104.757
81.893
120.707
112.198
119.272
153.825
136.500
133.368
52.184
350.921
210.021
138.261
113.183
109.496
92.388
131.401
114.823
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
100.186
94.370
99.622
111.717
144.449
93.488
93.334
114.445
113.578
122.695
112.414
95.423
105.457
91.837
155.607
133.208
114.459
105.212
98.048
118.290
130.257
120.488
74.758
97.632
81.700
132.547
147.710
130.625
100.266
100.497
91.352
229.040
168.586
135.209
102.828
92.217
105.122
124.178
131.874
73.350
97.741
83.504
131.867
139.009
130.947
109.032
107.511
90.452
212.276
166.012
134.390
102.275
104.516
136.347
138.190
109.540
68.056
98.745
81.454
137.614
149.119
136.145
107.724
109.520
92.808
242.270
175.629
138.894
115.365
102.050
124.256
131.775
87.563
76.874
96.965
82.199
139.865
170.560
136.004
108.361
94.819
97.863
246.118
176.241
137.176
101.177
105.654
112.222
134.773
96.280
79.533
108.739
81.890
137.493
177.604
132.443
106.968
111.162
92.108
211.140
165.288
139.123
106.338
108.882
112.378
136.039
98.065
79.971
110.796
82.310
144.409
185.020
139.299
121.516
114.059
96.775
204.439
176.758
143.196
1. N
ational defense consum expenditures are defense services produced bygovernm that are valued at their cost
ption
ent
of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account investm (construction and soft
ent
w
are).
2. Consum
ption of fixed capital, or depreciation, is included in governm gross output as a partial measure of the
ent
services of general governm fixed assets; the use of depreciation assumes a zero net return on these assets.
ent
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account
investm
ent.
4. O n-account investm is measured incurrent dollars bycom
w
ent
pensation of general governm em
ent ployees and related
expenditures for goods and services and is classified as investm instructures and insoftw
ent
are.
5. Gross governm investm consists of general governm and governm enterprise expenditures for fixedassets;
ent
ent
ent
ent
inventory investm is included ingovernm consum expenditures.
ent
ent
ption
2007
2008
II
National defense
consumption
expenditures and gross
investment....................
Consumption expenditures1.....
Gross output of general
government.......................
Value added......................
Compensation of general
government employees...
M
ilitary......................
Civilian......................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3........
Durable goods................
Aircraft......................
M
issiles.....................
Ships.........................
Vehicles.....................
Electronics.................
Other durable goods.....
Nondurable goods...........
Petroleum products.......
A
mmunition.................
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 investment5..................
Structures............................
Equipment and software..........
Aircraft.............................
Missiles............................
Ships...............................
Vehicles...........................
Electronics and software.......
Other equipment.................
III
2009
IV
I
II
1 108.286 111.913 112.402 113.059 111.334 111.584 111.719
2 109.011 112.891 113.491 114.144 112.120 112.502 112.691
3 109.003 112.878 113.461 114.128 112.122 112.470 112.655
4 110.946 113.490 113.856 113.596 113.179 115.819 115.709
5 112.560 115.062 115.499 114.920 114.521 118.253 118.232
6 114.276 117.109 117.717 117.131 116.430 120.422 120.347
7 108.964 110.779 110.857 110.293 110.530 113.710 113.805
8 106.104 108.763 108.925 109.579 109.114 108.546 108.174
9
10
1
1
12
13
14
15
16
17
18
19
20
21
106.729
102.545
101.897
105.245
104.036
102.107
101.865
102.355
115.473
123.895
111.518
105.375
106.496
112.088
103.449
101.701
107.052
107.541
103.707
102.129
104.386
142.673
175.903
119.092
108.422
110.384
112.907
103.109
101.424
106.818
106.589
103.211
102.018
103.783
156.081
204.298
118.697
108.460
110.127
114.584
103.728
101.858
107.182
108.909
102.980
102.357
105.142
160.958
212.570
121.795
109.393
111.673
110.876
104.288
102.454
107.993
109.502
105.738
102.315
105.479
118.559
125.251
120.332
108.312
111.144
108.693
104.139
102.733
107.811
108.999
105.382
101.630
105.418
97.584
81.715
116.845
109.278
110.548
109.208
104.031
102.223
108.049
108.859
105.447
101.423
105.765
104.170
95.075
117.199
109.835
110.532
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
106.737
107.852
104.478
106.634
104.521
106.104
108.602
108.006
103.524
114.500
102.321
98.952
102.509
114.227
103.099
97.622
102.020
110.756
112.173
106.986
108.850
114.912
118.712
111.646
111.470
105.630
117.040
104.376
102.508
104.988
123.044
104.756
96.015
103.701
110.296
112.208
106.657
108.481
115.521
119.033
111.721
109.013
105.485
117.228
104.189
102.184
104.719
123.726
103.881
96.134
103.319
111.652
113.370
107.607
109.391
122.723
126.586
111.968
112.964
106.170
117.337
104.945
102.295
105.010
128.162
103.131
96.117
104.323
111.800
112.805
107.679
109.701
113.491
117.167
112.017
113.128
106.140
116.775
104.985
103.427
106.266
122.342
107.795
95.516
104.498
112.020
110.458
108.263
110.094
103.216
113.250
107.586
110.005
105.650
119.518
104.024
103.612
104.912
116.208
107.520
94.707
104.304
111.662
111.147
107.937
110.329
101.337
112.629
107.873
109.298
105.489
118.672
103.965
104.143
104.609
114.525
107.552
94.449
104.570
1. N
ational defense consum expenditures are defense services produced by governm that are valued at their cost
ption
ent
of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account investm (construction and soft
ent
w
are).
2. Consum
ption of fixed capital, or depreciation, is included in governm gross output as a partial measure of the
ent
services of general governm fixed assets; the use of depreciation assumes a zero net return on these assets.
ent
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account
investm
ent.
4. O n-account investm is measured incurrent dollars bycom
w
ent
pensation of general governm em
ent ployees and related
expenditures for goods and services and is classified as investm instructures and insoftw
ent
are.
5. Gross governm investm consists of general governm and governm enterprise expenditures forfixedassets;
ent
ent
ent
ent
inventory investm is included ingovernm consum expenditures.
ent
ent
ption
Survey
A u gu st 2 0 0 9
of
D -3 3
C u r r e n t B u sin ess
Table 3.11.6. Real National Defense Consumption Expenditures
and Gross Investment by Type, Chained Dollars
[B s of chained (2005) d
illion
ollars]
Table 3.11.5. National Defense Consumption Expenditures
and Gross Investment by Type
[B s of dollars]
illion
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
National defense
consumption
expenditures and gross
investment....................
Consumption expenditures 1.....
Gross output of general
government......................
Value added......................
Compensation of general
government employees...
M
ilitary......................
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 investment5..................
Structures............................
Equipment and software..........
Aircraft.............................
M
issiles............................
Vehicles...........................
Electronics and software......
Other equipment.................
III
Seasonally adjusted at annual rates
Line
2009
IV
I
2008
662.1
574.9
737.9
634.0
725.6
622.4
763.6
655.2
758.9
648.8
750.7
642.9
775.4
662.4
3
4
581.0
315.6
639.3
335.7
627.6
333.2
660.5
339.0
654.1
342.5
648.3
354.4
667.9
360.8
5
6
7
238.2
162.8
75.4
252.9
174.3
78.6
250.3
172.0
78.3
255.1
176.0
79.1
258.7
179.2
79.5
269.8
187.8
82.0
275.1
192.2
82.9
8
77.4
82.9
82.8
83.9
83.8
84.6
85.7
9
10
11
12
13
14
15
16
17
18
19
20
21
265.4
36.1
11.3
4.5
1.1
2.4
7.8
8.9
24.1
12.5
4.1
7.6
205.3
303.5
43.1
12.8
4.8
0.8
3.2
10.9
10.5
30.8
18.0
4.5
8.4
229.6
294.5
42.2
12.4
4.8
0.9
3.1
10.6
10.4
33.1
20.8
4.1
8.3
219.2
321.5
44.7
13.4
4.8
0.9
3.1
11.7
10.9
35.7
22.7
4.6
8.4
241.0
311.6
46.0
14.0
4.9
0.7
4.0
11.6
10.6
27.1
13.6
4.7
8.8
238.6
293.9
42.6
14.0
4.5
0.7
2.6
10.2
10.7
21.4
8.6
3.8
9.0
229.8
307.1
47.3
15.0
4.7
0.8
4.1
11.4
11.2
24.6
10.5
4.3
9.9
235.2
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
57.7
36.0
25.4
66.5
11.6
8.1
2.1
4.1
87.3
10.5
76.8
12.8
4.3
10.3
6.2
16.4
26.7
62.9
38.9
30.8
79.2
10.7
7.3
2.2
3.0
103.9
12.9
91.0
13.9
4.2
11.0
9.3
20.5
32.1
61.2
36.5
27.3
75.2
11.8
7.2
2.2
3.0
103.2
12.1
91.1
15.1
4.5
11.0
8.5
20.2
31.8
61.6
41.8
35.7
84.4
10.4
7.1
2.3
3.0
108.4
13.0
95.3
14.9
4.6
11.7
9.7
21.3
33.2
69.5
40.7
32.6
80.7
7.7
7.4
2.2
3.1
110.1
14.8
95.3
15.1
4.0
11.7
10.3
21.3
32.8
61.1
41.2
29.6
82.8
7.7
7.4
2.4
3.0
107.8
15.8
91.9
15.0
4.7
10.5
8.8
19.8
33.2
64.0
42.7
29.5
83.8
7.7
7.4
2.5
3.0
113.0
16.4
96.6
17.1
4.8
10.9
8.5
21.1
34.3
1N
. ational defense consum expenditures are defense services produced bygovernm that are valued at their cost
ption
ent
of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account investm (construction and soft
ent
w
are).
2. Consum
ption of fixed capital, or depreciation, is included in governm gross output as a partial m
ent
easure of the
services of general governm fixed assets; the use of depreciation assumes a zero net return on these assets.
ent
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account
investm
ent.
4. O n-account investm is measured incurrent dollars bycom
w
ent
pensation of general governm em
ent ployees and related
expenditures for goods and services and is classified as investm instructures and insoftw
ent
are.
5. G governm investm consists of general governm and governm enterprise expenditures for fixedassets;
ross
ent
ent
ent
ent
inventoryinvestm is included ingovernm consum expenditures.
ent
ent
ption
2009
2008
I
I
II
1
2
2007
National defense
consumption
expenditures and gross
investment....................
Consumption expenditures 1.....
Gross output of general
government.......................
Value added......................
Compensation of general
government employees...
M
ilitary......................
Civilian......................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3........
Durable goods................
Aircraft......................
M
issiles.....................
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 investment5..................
Structures............................
Equipment and software..........
Aircraft.............................
Missiles............................
Vehicles...........................
Electronics and software.......
Other equipment.................
III
IV
I
I
I
1
2
611.5
527.4
659.4
561.6
645.6
548.4
675.4
574.0
681.7
578.7
672.8
571.5
694.1
587.8
3
4
533.1
284.5
566.3
295.8
553.2
292.6
578.8
298.5
583.4
302.6
576.4
306.0
592.8
311.8
5
6
7
211.6
142.5
69.2
219.8
148.8
71.0
216.7
146.1
70.7
222.0
150.3
71.7
225.8
153.9
71.9
228.2
156.0
72.1
232.6
159.7
72.8
8
73.0
76.2
76.1
76.6
76.8
77.9
79.2
9
10
1
1
12
13
14
15
16
17
18
19
20
21
248.7
35.2
11.1
4.3
1.1
192^8
270.8
41.6
12.6
4.5
0.8
3.1
10.7
10.1
21.6
10.2
3.7
7.7
208.0
260.9
40.9
12.2
4.5
0.8
3.0
10.4
10.1
21.2
10.2
3.4
7.7
199.1
280.6
43.1
13.1
4.5
0.8
3.0
11.4
10.4
22.2
10.7
3.8
7.7
215.9
281.1
44.1
13.7
4.6
0.7
3.8
11.4
10.1
22.8
10.8
3.9
8.1
214.7
270.5
41.0
13.6
4.1
0.6
2.5
10.0
10.2
21.9
10.6
3.3
8.2
208.0
281.2
45.5
14.7
4.4
0.7
3.9
11.3
10.6
23.6
11.0
3.7
9.0
212.8
22
23
24
25
26
27
28
29
30
3
1
32
33
34
35
36
37
38
39
54.0
33.3
24.3
62.4
11.1
7.7
1.9
3.8
84.3
9.1
75.0
12.9
4.2
9.0
6.0
16.8
26.2
-0.7
56.8
34.6
28.8
72.7
9.3
6.1
2.0
2.7
98.4
11.0
87.2
13.6
4.0
9.0
8.9
21.3
31.0
-2.4
55.5
32.6
25.6
69.3
10.2
6.0
2.0
2.8
97.9
10.4
87.4
14.7
4.3
8.9
8.2
21.0
30.8
-2.3
55.2
36.9
33.2
77.1
8.4
5.6
2.0
2.7
102.1
11.1
90.9
14.6
4.4
9.1
9.4
22.2
31.8
-2.9
62.2
36.1
30.3
73.6
6.7
6.3
2.0
2.7
103.8
12.7
90.8
14.7
3.8
9.6
9.5
22.3
31.4
-2.5
54.6
37.3
27.3
75.2
7.4
6.5
2.2
2.7
102.0
13.2
88.4
14.5
4.5
9.0
8.2
20.9
31.9
-1.9
57.4
38.5
27.4
75.9
7.6
6.6
2.3
2.7
107.2
13.8
93.0
16.4
4.6
9.5
7.9
22.3
32.8
-2.6
77
20.9
10.1
1. N
ational defense consum expenditures are defense services produced bygovernm that are valued at their cost
ption
ent
of production. Excludes governm sales to other sectors and governm ow
ent
ent n-account investm (construction and soft
ent
w
are).
2. Consum
ption of fixed capital, or depreciation, is included in governm gross output as a partial measure of the
ent
services of general governm fixed assets; the use of depreciation assumes a zero net return on these assets.
ent
3. Includes general governm interm
ent
ediate inputs for goods and services sold to other sectors and for ow
n-account
investm
ent.
4. O n-account investm is measured incurrent dollars bycom
w
ent
pensation of general governm em
ent ployees and related
expenditures for goods and services and is classified as investm instructures and insoftw
ent
are.
5. G governm investm consists of general governm and governm enterprise expenditures forfixedassets;
ross
ent
ent
ent
ent
inventoryinvestm is included ingovernm consum expenditures.
ent
ent
ption
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the form for the chain-type quantity indexes uses
ula
w
eights of m than one period, the corresponding chained-dollar estim are usually not additive. The residual line is the
ore
ates
difference between the first line and the sumof the m detailed lines.
ost
D -3 4
A ugust 2 0 0 9
N a t io n a l D a t a
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product Accounts
[B s of dollars]
illion
Seasonally adjusted at annual rates
Line
2007
2008
Exports of goods and services.....................................................................................
Goods ' .................................................
Durable..............................................................................................................
Nondurable
Services 1
Income receipts
W and salary receipts...........................
age
Income receipts on assets.........................................................................................
Interest.
D
ividends
Reinvested earnings on U direct investment abroad...................................................
.S.
Current payments to the rest of the world................................................................
Imports of goods and services.....................................................................................
Goods'....
D
urable.
Nondurable
Services 1
Income payments
W and salary payments.........................................................................................
age
Incom payments on assets.......................................................................................
e
Interest.
Current taxes and transfer payments to the rest of the world (net).....................................
Frompersons (net)
Fromgovernment (net)..............................................................................................
Frombusiness (net)
Addenda:
2009
2008
II
III
IV
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1b
16
17
18
19
20
21
22
?3
?4
25
26
27
28
2,517.7
1,655.9
1,139.4
776.8
362.6
516.5
861.8
3.0
858.8
354.2
233.3
271.3
3,242.4
2,369.7
1,987.7
1,175.1
812.5
382.1
746.0
10.1
736.0
579.2
107.1
49.7
126.6
58.7
36.5
31.4
-724.7
2,640.3
1,831.1
1,266.9
822.8
444.1
564.2
809.2
3.0
806.2
261.9
258.7
285.6
3,347.6
2,538.9
2,126.4
1,160.9
965.5
412.4
667.3
10.4
656.9
489.9
112.1
55.0
141.4
64.5
40.8
36.2
-707.2
2,742.0
1,901.5
1,326.2
852.8
473.4
575.3
840.5
3.1
837.4
263.8
264.8
308.9
3,495.3
2,640.2
2,226.8
1,206.4
1,020.4
413.4
711.6
10.3
701.3
494.7
101.0
105.7
143.6
66.2
43.0
34.4
-753.3
2,738.6
1,913.1
1,338.5
856.6
481.8
574.6
825.6
3.1
822.5
264.0
264.4
294.1
3,475.8
2,670.5
2,243.3
1,187.7
1,055.6
427.2
664.8
10.3
654.5
493.2
102.5
58.8
140.4
66.7
37.2
36.5
-737.1
2,420.7
1,706.2
1,155.7
762.7
393.0
550.5
714.4
3.0
711.4
232.3
228.6
250.5
3,041.7
2,296.7
1,892.5
1,062.1
830.4
404.2
607.4
10.5
596.9
450.2
138.6
8.1
137.5
61.8
39.1
36.6
-621.0
2,089.0
1,509.3
989.5
644.7
344.8
519.8
579.6
3.1
576.6
174.5
222.0
180.1
2,498.5
1,887.9
1,508.2
862.5
645.8
379.6
479.7
10.3
469.5
383.1
119.2
-32.8
130.9
63.8
35.9
31.2
-409.5
30
31
32
-726.8
-724.7
2.2
-706.8
-707.2
-0.4
-756.4
-753.3
3.0
-725.5
-737.1
-11.6
-625.1
-621.0
4.0
II
-412.6
-409.5
3.1
1,483.7
971.4
614.5
356.9
512.4
1,831.5
1,463.6
824.5
639.1
367.9
143.4
62.9
51.7
28.9
1. Exports and im of certain goods, prim m
ports
arily ilitaryequipm purchased and sold by the federal governm are included inservices. B
ent
ent,
eginningw 1986, repairs and alterations of equipm are reclassi
ith
ent
fied fromgoods toservices.
2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
Survey
A u g u st 2 0 0 9
of
D -3 5
C u r r e n t B u sin ess
Table 4.2.1. Percent Change From Preceding Period in Real Exports and in
Real Imports of Goods and Services by Type of Product
[Percent]
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 2007
2008
Seasonally adjusted at annual rates
2009
2008
Line 2007
II
Exports of goods and services
Exports of goods 1.....................
Foods, feeds, and beverages.......
Industrial supplies and materials....
Durable goods......................
Nondurable goods.................
Capital goods, except automotivecivilian aircraft, engines, and
parts..............................
Computers, peripherals, and
parts...............................
Other.................................
Autom vehicles, engines, and
otive
parts..................................
Consumer goods, except
automotive..........................
Durable goods......................
Nondurable goods.................
Other....................................
Exports of services 1..................
Transfers under U m
.S. ilitary
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.................................
A otive vehicles, engines, and
utom
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....................................
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...
III
IV
I
II
-3.6
-1.8
-7.8
0.4
-0.1
0.6
2.7
-19.5
-25.5
-16.8
-24.0
-22.1
-25.1
-28.0
-29.9
-36.9
-20.1
-34.6
-48.0
-26.0
-28.3
-7.0
-9.3
21.7
2.0
-4.0
5.3
-21.3
1
2
3
4
5
6
7
8.7
7.4
8.7
5.5
5.7
5.4
7.5
5.4
5.9
6.7
11.2
10.5
11.6
5.1
12.1
14.1
3.8
24.2
37.7
17.4
9.5
8
8.4
-3.2
-1.0
1.5
-58.1
111.0
-34.5
9
10
3.5
7.9
5.2
7.1
33.5
9.0
1.3
3.1
-38.3
-17.8
-14.0
-45.6
-13.1
-18.3
1
1
11.8
-1.1
-0.7
8.0
-47.2
-83.0
-14.8
12
13
14
15
16
10.8
15.2
5.4
-2.4
11.8
8.2
7.5
9.0
-11.3
4.2
11.8
10.9
13.1
62.7
7.8
8.4
-1.7
23.5
-64.1
-7.7
-23.2
-40.6
4.7
50.1
-4.3
-23.8
-41.6
1.2
-35.1
-13.6
-1.1
-4.3
2.1
-31.7
-2.3
17
18
19
20
21
22
23
24
25
26
3.7
9.2
7.8
8.1
15.3
14.5
4.3
2.0
1.7
1.3
-14.6
8.4
11.5
1.0
5.9
3.2
11.1
-3.2
-3.9
-1.3
-24.0
8.2
16.6
2.8
6.1
12.4
5.2
-5.0
-4.6
-1.6
-51.1
3.0
-9.0
-16.3
-6.7
-5.6
-3.5
-2.2
-1.5
20.8
-15.8
-2.3
-18.2
-2.3
-1.5
60.0
-16.7
-19.6
7.6
-4.5
-23.3
-17.8
-38.7
-11.8
-4.0
-3.8
-36.4
-41.0
-20.9
28.3
-17.2
7.6
1.1
-4.0
-0.8
19.9
-15.1
-15.9
-2.8
27
28
29
30
31
-3.9
-9.7
3.6
-2.3
5.8
-7.4
-8.6
-6.2
-2.9
0.6
-8.6
-13.6
-3.3
-9.3
1.9
8.2
-0.3
17.6
2.7
-7.6
-25.6
-18.2
-32.4
10.3
-24.9
-51.6
-56.9
-45.7
-15.9
-44.0
-35.4
-43.9
-26.3
-29.9
-19.5
32
15.3
-3.0
3.0
-36.9
-26.2
-27.5
22.4
33
34
9.8
3.4
1.7
0.6
8.6
-0.3
-15.9
-0.6
-39.9
-19.6
-22.3
-50.7
10.3
-31.3
35
0.0
-12.1
-11.7
-23.9
-46.2
-82.3
-15.0
36
37
38
39
40
41
42
43
44
45
46
47
5.8
6.9
4.4
0.7
3.5
-4.5
-2.0
-2.9
4.7
2.0
10.0
0.8
-1.1
-1.4
-0.7
-11.9
0.7
-5.6
-1.7
-0.3
-3.4
4.5
5.0
-0.2
2.0
4.3
-0.6
-12.6
-7.1
-18.8
-17.4
-14.3
-15.2
2.6
6.6
-8.1
-1.8
0.6
-4.8
-10.5
6.1
24.5
0.6
-6.1
-9.7
78.9
5.7
3.2
-24.6
-32.0
-14.8
-10.7
-0.9
16.0
59.1
-15.8
-18.5
-60.2
-3.1
43.5
-25.3
-32.1
-16.7
-11.7
-11.5
21.3
-11.1
-21.3
-26.8
-27.4
-7.7
2.9
2.1
8.5
-4.6
-6.8
-11.5
-20.7
-29.2
-4.9
-20.0
-9.7
1.5
3.3
48
49
50
51
52
53
54
8.3
5.5
7.0
7.4
2.2
1.0
2.5
4.7
8.4
6.6
5.8
-4.4
-3.3
-4.2
13.4
15.5
4.1
15.2
-3.4
-5.9
-3.2
-0.6
-3.7
-8.6
-1.1
-8.5
2.3
-5.5
-30.3
-15.7
-0.6
-27.6
-29.8
-5.5
-26.0
-44.2
-20.3
-17.8
-38.6
-52.2
-22.4
-44.9
-16.9
6.1
10.9
-11.3
-14.9
-17.3
-13.3
- 3 .7
1. Exports and im of certain goods, prim m
ports
arily ilitary equipm purchased and sold bythe federal governm
ent
ent,
are included in sen/ices. B
eginning w 1986, repairs and alterations of equipm are reclassified from goods to
ith
ent
services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and m
aterials, and of nondurable
nonautom consum goods.
otive
er
2008
2009
2008
II
II
Percent change at annual rate:
Exports of goods and services
Percentage points at annual rates:
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.................................
A otive vehicles, engines, and
utom
parts..................................
Consumer goods, except
automotive..........................
Durable goods......................
Nondurable goods.................
Other.....................................
Exports of services 1..................
Transfers under U m
.S. ilitary
agency sales contracts...........
Travel.....................................
Passenger fares.......................
Other transportation..................
Royalties and license fees..........
Other private services................
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.................
Petroleumand products..............
Capital goods, except automotivecivilian aircraft, engines, and
parts..............................
Computers, peripherals, and
parts..............................
Other.................................
Autom vehicles, engines, and
otive
parts..................................
Consumer goods, except
automotive..........................
Durable goods.....................
Nondurable goods.................
Other.....................................
Imports of services 1..................
D defense expenditures........
irect
Travel.....................................
Passenger fares.......................
Other transportation..................
Royalties and license fees..........
Other private services................
Other.....................................
III
IV
I
-3.6
-19.5
-29.9
-7.0
-1.24 -18.31 -25.76
-0.60 -0.95 -1.01
0.12 -4.77 -6.34
0.01 -1.44 -3.52
0.11 -3.32 -2.82
0.68 -7.58 -6.81
-6.19
1.19
0.38
-0.23
0.61
-6.00
1
8.7
5.4
12.1
2
3
4
5
6
7
5.15
0.42
1.02
0.40
0.62
2.02
4.06
0.36
2.10
0.71
1.38
1.31
9.61
0.12
4.63
2.38
2.25
2.41
8
0.37
-0.14
-0.04
0.06
-3.18
3.58
-2.08
9
10
0.11
1.54
0.13
1.32
0.74
1.71
0.03
0.59
-1.05 -0.31
-3.35 -10.08
-0.33
-3.59
11
0.85
-0.08
-0.03
0.51
-3.88
-8.50
-0.72
12
13
14
15
16
0.94
0.72
0.21
-0.08
3.57
0.71
0.37
0.34
-0.36
1.32
1.04
0.57
0.47
1.44
2.49
0.71
-0.08
0.79
-2.67
-2.36
-2.16
-2.37
0.22
1.03
-1.15
-2.09
-2.28
0.18
-1.00
-4.18
-0.10
-0.20
0.10
-0.95
-0.79
17
18
19
20
21
22
23
0.06
0.54
0.12
0.25
0.73
1.83
0.04
-0.21
0.49
0.18
0.03
0.30
0.43
0.10
-0.29
0.49
0.27
0.10
0.30
1.56
0.06
-0.75
0.17
-0.16
-0.57
-0.33
-0.70
-0.03
0.22
-0.97
-0.04
-0.59
-0.11
-0.14
0.48
-0.05
-1.44
-0.32
-1.27
-0.61
-0.47
-0.03
0.33
-1.15
0.13
0.04
-0.24
-0.12
0.23
24
2.0
-3.2
-5.0
-2.2
-16.7
-36.4
-15.1
25
26
1.43
0.04
-3.31
-0.05
-3.82
-0.07
-3.12 -16.74 -34.65 -12.76
-0.06
0.30 -0.74 -0.08
27
28
29
30
31
-0.52
-0.72
0.20
-0.32
1.06
-0.95
-0.57
-0.38
-0.45
0.10
-1.12
-0.92
-0.20
-1.80
0.32
0.98
-0.03
1.01
0.50
-1.41
32
0.20
-0.04
0.04
33
34
0.42
0.44
0.07
0.07
0.33
-0.05
35
0.00
-1.27
-1.22
36
37
38
39
40
41
42
43
44
45
46
47
1.13
0.74
0.39
0.03
0.55
-0.07
-0.07
-0.04
0.13
0.02
0.56
0.00
-0.21
-0.15
-0.06
-0.47
0.10
-0.08
-0.05
0.00
-0.10
0.05
0.29
0.00
0.35
0.40
-0.05
-0.29
-1.20
-0.28
-0.60
-0.19
-0.47
0.03
0.36
-0.04
-3.45
-1.15
-2.30
1.72
-4.79
-6.85
-3.93
-2.92
-1.84
-8.99
-4.22
-2.72
-1.50
-3.91
-3.85
-0.63
-0.37
-0.35
0.35
-0.69
-0.09
-1.83
-2.60
-0.83
-7.81
0.43
-4.64
-2.49
-5.08 -11.00
-1.05
-0.38
0.05
-0.42
-0.27
0.90
0.31
0.02
-0.08
-0.29
0.61
0.32
0.01
-5.13
-3.81
-1.32
-0.31
0.01
0.23
1.50
-0.22
-0.55
-0.95
-0.18
0.17
-4.87
-3.48
-1.39
-0.35
-1.72
0.41
-0.35
-0.29
-0.75
-0.29
-0.47
0.03
0.62
1.07
-0.46
-0.27
-2.32
-0.41
-1.27
-0.07
-0.61
-0.11
0.13
0.02
1. Exports and im of certain goods, prim m
ports
arily ilitary equipm purchased and sold by the federal governm
ent
ent,
are included in services. B
eginning w 1986, repairs and alterations of equipm are reclassified from goods to
ith
ent
services.
D -3 6
N a t io n a l D a t a
Table 4.2.3. Real Exports and Im ports o f G oods and S ervices
by Type o f Product, Q uantity Indexes
[Index numbers, 2005=100]
A ugust 2 0 0 9
Table 4.2.4. Price Indexes fo r Exports and Im ports
o f G oods and Services by Type of Product
[Index numbers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
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.....................
C
ivilian aircraft, engines,
and parts...................
Computers, peripherals, and
parts.........................
Other...........................
A otive vehicles, engines,
utom
and parts......................
Consumer goods, except
automotive.....................
Durable goods................
Nondurable goods...........
Other..............................
Exports of services 1............
Transfers under U m
.S. ilitary
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...........................
Autom vehicles, engines,
otive
and parts......................
Consumer goods, except
automotive.....................
Durable goods................
Nondurable goods...........
Other..............................
Imports of services 1.............
D defense expenditures....
irect
Travel..............................
Passenger fares.................
Other transportation............
Royalties and license fees.....
Other private services.........
Other..............................
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
III
Seasonally adjusted
2009
IV
I
Line
4 113.419 126.127 129.941 130.061 121.419 109.198 109.735
5 115.727 127.899 132.462 132.430 124.420 105.676 104.593
6 112.080 125.070 128.479 128.660 119.711 111.044 112.479
7 120.289 126.462 129.318 130.182 119.923 110.363 103.942
8 120.116 116.222 121.891 122.334 98.448 118.653 106.750
9 113.284 119.171 124.689 125.101 110.887 106.781 103.097
10 121.478 130.106 131.895 132.908 126.537 108.673 103.310
11 120.349 119.077 122.449 124.817 106.394 68.362 65.676
12
13
14
15
16
122.450
130.649
113.005
100.340
120.644
132.467
140.471
123.226
89.009
125.759
134.213
146.163
120.512
101.248
127.965
136.955
145.522
127.032
78.385
125.429
128.192
127.775
128.508
86.758
124.054
119.777
111.696
128.891
77.878
119.619
119.440
110.488
129.548
70.789
118.912
17
18
19
20
21
22
23
126.454
109.772
112.765
114.820
122.505
128.296
108.259
107.929
119.014
125.784
115.941
129.776
132.462
120.246
114.080
120.440
128.666
120.167
131.573
134.526
117.507
95.410
121.322
125.685
114.932
129.322
132.594
116.469
100.033
116.216
124.970
109.311
128.565
132.089
130.986
98.881
108.768
118.985
96.707
124.581
130.733
129.735
105.244
103.743
121.179
96.981
123.300
130.465
135.758
24 108.188 104.721 105.853 105.259 100.547 89.804 86.210
25 107.709 103.472 105.035 104.045 98.517 86.326 82.658
26 107.403 105.982 105.587 105.184 107.134 101.026 100.316
100.175
98.718
102.251
95.895
92.721
90.271
95.903
93.161
92.951
90.577
96.044
91.716
94.810
90.501
100.015
92.326
88.054
86.070
90.694
94.622
73.451
69.724
77.838
90.616
65.860
60.349
72.118
82.922
31 117.505 118.152 121.539 119.169 110.948 95.962 90.897
32 122.337 118.665 127.931 114.038 105.695 97.519 102.582
33 128.457 130.693 138.279 132.430 116.606 109.493 112.211
34 113.378 114.019 115.612 115.443 109.330 91.606 83.408
35 106.765 93.886 99.724 93.155 79.792 51.769 49.713
36
37
38
39
40
41
42
43
44
45
46
47
114.214
115.619
112.531
101.835
110.754
93.588
98.528
96.823
111.022
94.347
133.583
99.572
112.954
113.986
111.713
89.684
111.478
88.361
96.885
96.546
107.281
98.620
140.312
99.351
115.324
116.882
113.462
90.765
110.211
84.033
92.811
97.349
108.826
96.953
140.171
96.164
114.790
117.066
112.081
88.271
111.849
88.765
92.961
95.839
106.086
112.123
142.126
96.932
106.959
106.325
107.690
85.815
111.605
92.116
104.412
91.812
100.800
89.078
141.002
106.090
99.446
96.501
102.874
83.184
108.238
96.668
101.379
86.471
93.237
82.236
138.202
106.844
99.962
98.491
101.682
81.740
104.974
91.214
92.978
85.397
88.184
80.172
138.716
107.714
48 119.889 125.468 129.357 129.151 118.014 101.991 97.376
49 112.407 121.846 124.822 123.654 118.500 111.957 113.619
50 116.039 123.679 125.435 122.641 122.458 116.605 119.649
51
52
53
54
117.629
111.159
102.749
110.072
124.485
106.222
99.395
105.469
128.253
109.452
99.083
107.931
127.912
107.046
99.643
106.419
117.971
97.984
98.255
98.699
104.426
81.465
92.209
85.029
101.339
78.239
87.945
82.047
1. Exports and im of certain goods, prim m
ports
arily ilitary equipm purchased and sold by the federal governm
ent
ent,
are included in services. B
eginning w 1986, repairs and alterations of equipm are reclassified from goods to
ith
ent
services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and m
aterials, and of nondurable
nonautom consumer goods.
otive
2008
II
1 118.472 124.842 127.997 126.828 120.149 109.922 107.954
2 117.512 124.436 128.016 127.446 118.407 105.520 102.970
3 117.366 125.205 128.201 125.627 119.968 113.436 119.146
27
28
29
30
2007
2008
II
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............................
A otive vehicles, engines,
utom
and parts.......................
Consumer goods, except
automotive.....................
Durable goods................
Nondurable goods...........
Other...............................
Exports of services 1.............
Transfers under U m
.S. ilitary
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............................
A otive vehicles, engines,
utom
and parts.......................
Consumer goods, except
automotive.....................
Durable goods................
Nondurable goods...........
Other...............................
Imports of services 1.............
D defense expenditures....
irect
Travel...............................
Passenger fares.................
Other transportation.............
Royalties and license fees.....
Other private services..........
Other...............................
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
III
2009
IV
I
I
I
1 107.103 112.389 113.890 115.638 108.871 105.265 105.368
2 107.015 112.366 114.430 116.010 107.820 103.588 104.208
3 121.779 146.784 153.976 156.003 132.137 129.545 134.208
4 117.462 128.728 134.699 139.289 114.444 102.289 103.660
5 119.783 122.381 127.117 129.037 109.121 101.922 101.490
6 116.142 132.455 139.136 145.298 117.558 102.600 104.934
7 100.435 100.967 100.894 101.219 101.448 99.548 99.469
8 108.772 113.924 113.004 114.599 116.647 118.976 118.763
9 88.292 80.893 81.901 79.734 77.847 75.897 75.289
10 100.722 101.611 101.518 102.011 102.245 99.498 99.541
11 102.392 103.645 103.515 103.779 104.186 104.277 104.171
12
13
14
15
16
103.406
101.976
105.223
108.734
107.305
105.618
104.001
107.684
115.375
112.445
105.787
103.474
108.782
117.533
112.686
106.111
104.407
108.258
119.442
114.813
105.658
105.019
106.476
110.662
111.220
105.727
104.649
107.021
106.638
108.910
105.269
104.081
106.673
107.361
107.988
17
18
19
20
21
22
23
104.809
108.082
108.413
108.758
106.259
107.179
107.230
107.300
113.084
119.891
123.158
109.610
110.153
117.146
106.953
113.704
117.865
125.862
109.588
110.002
118.689
107.866
116.223
125.275
131.752
110.808
111.090
118.413
108.102
110.149
120.527
116.899
109.605
109.773
117.829
107.661
107.199
111.838
106.508
109.334
109.029
117.762
107.807
106.555
98.876
105.780
109.563
109.252
111.983
24 108.017 119.559 123.069 125.203 112.730 103.746 104.845
25 108.046 120.323 124.224 126.362 112.592 102.402 103.779
26 111.686 123.321 124.808 127.485 121.626 118.683 118.951
27
28
29
30
110.941
118.050
103.161
137.041
128.309
130.361
125.461
193.187
133.303
136.151
129.633
215.455
136.504
139.596
132.622
225.087
121.325
121.620
120.276
143.423
106.757
106.471
106.358
91.534
101.280
104.259
97.983
106.629
31 99.696 101.186 101.531 101.847 101.218 100.478 100.091
32 109.221 115.890 115.529 116.574 118.193 120.073 120.634
33 87.732 82.719 83.875 82.164 80.661 78.999 78.245
34 103.295 106.882 106.964 108.046 107.543 106.914 106.591
35 101.404 103.984 103.925 104.240 104.351 104.330 104.223
36
37
38
39
40
41
42
43
44
45
46
47
101.738
101.708
101.780
104.287
107.863
116.603
112.360
112.319
97.581
106.177
108.415
108.008
104.278
103.759
104.917
116.086
115.682
137.169
119.338
129.118
108.572
109.651
111.668
114.061
104.612
104.257
105.053
116.320
117.278
142.077
125.658
125.929
109.681
109.580
111.788
116.585
104.880
104.488
105.364
118.444
119.415
146.452
123.827
132.854
115.092
110.800
113.169
117.591
104.347
103.664
105.183
118.294
113.238
128.558
108.597
138.881
107.307
109.598
111.653
108.873
103.993
102.454
105.813
115.998
109.655
118.193
106.577
127.892
96.491
109.327
112.560
106.185
103.782
102.429
105.389
114.944
109.574
126.721
108.335
112.382
93.309
109.556
113.563
106.304
48 103.699 104.955 105.543 106.191 103.476 101.199 101.035
49 114.704 129.594 135.020 138.721 118.065 109.654 111.820
50 122.337 146.997 155.172 157.603 129.518 124.712 129.604
51
52
53
54
105.845
103.103
115.844
103.363
109.720
106.592
142.300
108.947
111.307
107.505
150.902
110.028
112.825
108.221
155.273
111.006
106.175
105.727
123.882
107.917
101.984
103.267
102.650
104.959
102.227
102.788
106.516
103.882
1. Exports and im of certain goods, prim m
ports
arily ilitary equipm purchased and sold by the federal governm
ent
ent,
are included in services. B
eginning w 1986, repairs and alterations of equipm are reclassified from goods to
ith
ent
services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and m
aterials, and of nondurable
nonautom consumer goods.
otive
Su r v e y
A u gu st 2 0 0 9
of
D -3 7
C u r r e n t B u sin ess
Table 4.2.6. Real Exports and Imports of Goods and Services
by Type of Product, Chained Dollars
[B s of chained (2005) d
illion
ollars]
Table 4.2.5. Exports and Imports of Goods and Services
by Type of Product
[B s of dollars]
illion
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
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
Other...........................
A otive vehicles, engines,
utom
and parts......................
Consumer goods, except
automotive.....................
Durable goods................
Other..............................
Exports of services 1............
Transfers under U m
.S. ilitary
agency sales contracts.....
Travel..............................
Other transportation............
Royalties and license fees.....
Other private services..........
Other..............................
Imports of goods and
services....................
Imports of goods 1...............
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products..................
Durable goods................
Petroleum and products.......
Capital goods, except
automotive.....................
C
ivilian aircraft, engines,
and parts...................
Computers, peripherals, and
parts.........................
A otive vehicles, engines,
utom
and parts......................
Consumer goods, except
automotive.....................
Durable goods................
Nondurable goods...........
Imports of services 1.............
D defense expenditures....
irect
Travel..............................
Royalties and license fees.....
Other private services..........
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 nonpetroleumgoods
III
Line
2009
IV
I
1 1,655.9 1,831.1 1,901.5 1,913.1 1,706.2 1,509.3 1,483.7
2 1,139.4 1,266.9 1,326.2 1,338.5 1,155.7 989.5 971.4
94.2
84.3 108.3 116.2 115.4
93.4
86.6
3
4
5
6
303.1
113.9
189.2
369.4
128.6
240.7
397.4
138.2
259.2
411.2
140.2
271.0
111.4
88.4
204.0
165.1
258.2
87.1
171.1
7
433.0
457.7
467.7
472.3
436.1
393.8
370.6
8
73.0
74.0
77.1
78.5
64.3
79.0
71.0
q
10
45 5
314.5
43 9
339.8
46.5
344.1
45.4
348.4
39 3
332.5
36 9
277.9
35.3
264.3
11
121.3
121.5
124.8
127.5
109.1
70.2
67.3
12
13
14
15
16
146.0
82.7
63.3
51.8
516.5
161.3
90.7
70.6
48.8
564.2
163.7
93.9
69.7
56.5
575.3
167.5
94.4
73.2
44.5
574.6
156.1
83.3
72.8
45.6
550.5
146.0
72.6
73.4
39.5
519.8
144.9
71.4
73.5
36.1
512.4
17
18
19
20
21
22
23
24.0
97.1
25.6
51.6
83.8
220.1
14.4
21.0
110.1
31.6
58.9
91.6
233.5
17.4
22.1
112.0
31.8
62.4
92.8
236.8
17.3
18.6
115.3
33.0
62.5
92.3
235.8
17.1
19.6
104.7
31.6
52.7
90.7
232.1
19.1
19.3
95.4
27.9
42.5
87.7
228.1
18.9
20.5
90.4
25.1
42.3
87.0
228.1
18.8
315.4
253.5
24 2,369.7 2,538.9 2,640.2 2,670.5 2,296.7 1,887.9 1,831.5
25 1,987.7 2,126.4 2,226.8 2,243.3 1,892.5 1,508.2 1,463.6
81.7
89.7
91.3
88.7
81.7
26
89.0
81.3
27
28
?9
30
295.7
158.5
137.1
331.0
316.5
160.1
156.4
453.3
329.4
167.7
161.7
497.7
344.0
171.7
172.2
523.4
283.9
142.3
141.6
341.8
208.4
100.9
107.5
208.9
177.3
85.5
91.7
222.7
31
446.0
455.2
469.8
462.1
427.6
367.1
346.4
32
34.4
35.4
38.1
34.3
32.2
30.2
31.9
33
34
105.2
306.5
100.9
318.9
108.1
323.6
101.4
326.4
87.7
307 7
80.6
256.3
81.8
232.7
35
259.2
233.8
248.2
232.6
199.4
129.4
124.1
36
37
38
39
40
41
42
43
44
45
46
47
478.2
263.4
214.8
95.9
382.1
32.8
76.4
28.4
67.1
24.7
141.7
11.0
484.7
264.9
219.8
94.0
412.4
36.5
79.7
32.6
72.1
26.6
153.3
11.6
496.5
273.0
223.5
95.4
413.4
35.9
80.4
32.1
74.0
26.1
153.3
11.5
495.5
274.0
221.5
94.5
427.2
39.1
79.4
33.4
75.7
30.6
157.3
11.7
459.3
246.9
212.4
91.7
404.2
35.7
78.2
33.4
67 1
24.0
154.0
11.9
425.6
221.5
204.1
87.2
379.6
34.4
74.5
29.0
55.8
22.1
152.2
11.6
426.9
226.0
201.0
84.9
367.9
34.8
69.5
25.2
51.0
21.6
154.1
11.8
48
49
50
776.8
362.6
92.1
822.8
444.1
118.0
852.8
473.4
126.2
856.6
481.8
125.5
762.7
393.0
103.0
644.7
344.8
94.4
614.5
356.9
100.7
51 1,047.3 1,149.0 1,200.0 1,213.0 1,052.7 895.1 870.7
52 1,175.1 1,160.9 1,206.4 1,187.7 1,062.1 862.5 824.5
53 812.5 965.5 1,020.4 1,055.6 830.4 645.8 639.1
54 1,656.7 1,673.2 1,729.1 1,719.9 1,550.7 1,299.3 1,240.9
1 Exports and im of certain goods, prim m
.
ports
arily ilitary equipm purchased and sold by the federal governm
ent
ent,
are included in services. Beginning w 1986, repairs and alterations of equipm are reclassified from goods to
ith
ent
services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and m
aterials, and of nondurable
nonautom consum goods.
otive
er
2007
2008
2008
II
II
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.....................
C
ivilian aircraft, engines,
and parts...................
Computers, peripherals, and
Other............................
A otive vehicles, engines,
utom
and parts.......................
Consumer goods, except
automotive.....................
Durable goods................
Nondurable goods...........
Other...............................
Exports of services 1.............
Transfers under U m
.S. ilitary
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..................
Nondurable goods...........
Petroleum and products........
Capital goods, except
automotive.....................
Civilian aircraft, engines,
and parts...................
Computers, peripherals, and
Other............................
A otive vehicles, engines,
utom
and parts.......................
Consumer goods, except
Durable goods................
Other...............................
Imports of services 1.............
Direct defense expenditures....
Other transportation.............
Royalties and license fees.....
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
III
2009
IV
I
II
' 1 1,546.1 1,629.3 1,670.4 1,655.2 1,568.0 1,434.5 1,408.9
2 1,064.8 1,127.5 1,159.9 1,154.8 1,072.9 956.1 933.0
74.1
70.7
70.2
69.2
75.6
66.9
3
73.8
4
5
6
258.0
95.1
162.9
287.0
105.1
181.8
295.6
108.9
186.7
295.9
108.8
187.0
276.2
102.3
174.0
248.4
86.9
161.4
249.7
86.0
163.5
/
431.1
453.3
463.5
466.6
429.8
395.6
372.6
8
67.1
65.0
68.1
68.4
55.0
66.3
59.7
q
10
312.2
334.4
339.0
341.6
325.2
279.3
265.5
1
1
118.4
117.2
120.5
122.8
104.7
67.3
64.6
12
13
14
15
16
141.2
81.1
60.1
47.7
481.3
152.7
87.2
65.6
42.3
501.7
154.7
90.7
64.1
48.1
510.5
157.9
90.3
67.6
37.2
500.4
147.8
79.3
68.4
41.2
494.9
138.1
69.3
68.6
37.0
477.2
137.7
68.6
68.9
33.6
474.4
17
18
19
20
21
22
23
24
22.9
89.8
23.6
47.4
78.9
205.3
13.4
-0.6
19.5
97.4
26.4
47.9
83.6
212.0
14.9
0.9
20.6
98.5
27.0
49.6
84.7
215.3
14.6
1.6
17.3
99.2
26.4
47.4
83.3
212.2
14.4
0.2
18.1
95.1
26.2
45.1
82.8
211.4
16.2
1.8
17.9
89.0
25.0
39.9
80.2
209.2
16.1
5.6
19.0
84.9
25.4
40.0
79.4
208.8
16.8
7.1
25 2,193.8 2,123.5 2,146.5 2,134.4 2,038.9 1,821.0 1,748.2
26 1,839.6 1,767.3 1,794.0 1,777.1 1,682.6 1,474.4 1,411.8
73.0
27
72.2
71.9
71.6
68.8
68.3
73.1
28
?q
30
31
266.5
134.3
132.9
241.5
246.7
122.8
124.7
234.6
247.3
123.2
124.9
231.0
252.2
123.1
130.0
232.5
234.3
117.1
117.9
238.3
195.4
94.8
101.2
228.2
175.2
82.1
93.8
208.8
32
447.4
449.9
462.7
453.7
422.4
365.4
346.1
33
31.5
30.6
32.9
29.4
27.2
25.1
26.4
34
35
296.7
298.4
302.5
302.1
286.1
239.7
218.3
36
255.6
224.8
238.8
223.1
191.1
124.0
119.0
37
38
39
40
41
42
43
44
45
46
47
48
49
470.0
259.0
211.0
91.9
354.2
28.1
68.0
25.3
68.8
23.2
130.7
10.2
-7.9
464.8
255.3
209.5
81.0
356.5
26.6
66.8
25.2
66.4
24.3
137.3
10.2
-9.1
474.6
261.8
212.8
81.9
352.5
25.3
64.0
25.5
67.4
23.9
137.1
9.9
-17.3
472.4
262.2
210.2
79.7
357.7
26.7
64.1
25.1
65.7
27.6
139.0
9.9
-11.2
440.2
238.2
201.9
77.5
356.9
27.7
72.0
24.0
62.4
21.9
137.9
10.9
5.0
409.3
216.2
192.9
75.1
346.2
29.1
69.9
22.6
57.7
20.2
135.2
11.0
7.1
411.4
220.6
190.7
73.8
335.7
27.4
64.1
22.3
54.6
19.7
135.7
11.0
6.9
50
51
52
749.1
316.1
75.3
784.0
342.7
80.3
808.3
351.0
81.4
807.0
347.8
79.6
737.4
333.3
79.5
637.3
314.9
75.7
608.5
319.5
77.6
53 989.5 1,047.2 1,078.9 1,076.0 992.4 878.4 852.5
54 1,139.8 1,089.2 1,122.3 1,097.6 1,004.7 835.3 802.2
55 701.4 678.5 676.4 680.2 670.7 629.4 600.3
56 1,602.8 1,535.8 1,571.6 1,549.6 1,437.2 1,238.1 1,194.7
1. Exports and im of certain goods, prim m
ports
arily ilitary equipm purchased and sold by the federal governm
ent
ent,
are included in services. B
eginning w 1986, repairs and alterations of equipm are reclassified from goods to
ith
ent
services.
2. The quantity index for com
puters can be used to accurately m
easure the real grow of this com
th
ponent. H ever,
ow
because com
puters exhibit rapid changes in prices relative to other prices in the econom the chained-dollar estimates
y,
should not be used to m
easure the com
ponent’ relative im
s
portance or its contribution to the grow rate of m aggre
th
ore
gate series; accurate estimates of these contributions are show in table 4.2.2 and real grow rates are show in table
n
th
n
4.2.1.
3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and m
aterials, and of nondurable
nonautom consumer goods.
otive
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the form for the chain-type quantity indexes uses
ula
w
eights of m than one period, the corresponding chained-dollar estimates are usually not additive. For exports and for
ore
im
ports, the residual line is the difference between the aggregate line and the sumof the m detailed lines.
ost
D -3 8
N a t io n a l D a t a
A u gu st 2 0 0 9
5. Saving and Investment
Table 5.1. Saving and Investment
[B s of dollars]
illion
Table 5.3.1. Percent C hang e From Preceding Period
in Real Private Fixed Investm ent by Type
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Gross saving...................
Net saving.............................
Net private saving..................
Personal saving.................
Undistributed corporate
profits w inventory
ith
valuation and capital
consumption adjustments
Undistributed profits........
Inventory valuation
adjustment.................
Capital consumption
adjustment.................
W accruals less
age
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 (-),
N s.................................
IPA
Statistical discrepancy.....
Addenda:
Gross private saving..............
Gross government saving........
Federal...........................
State and local..................
Net domestic investment.........
Gross saving as a percentage
Net saving as a percentage of
gross national income......
Disaster losses 2.................
Private............................
Domestic business..........
Households and institutions
Government......................
Federal........................
State and local...............
III
IV
I
1 2,040.2 1,824.1 1,780.1 1,842.4 1,770.5 1,628.6
? 280.2 -23.0 -55.5 -15.8 -110.5 -255.0
3 495.0 659.8 767.0 709.0 619.7 741.1
4 178.9 286.4 374.4 235.7 409.2 426.9
566.0
378.3
480.7
392.6
582.3
473.2
595.3
230.5
166.9
294.2
358.0
7
-44.0
-38.2 -129.6
-54.5
139.2
81.1
8 -188.7
-64.1
-60.1
-67.6
-75.6 -144.9 -131.8
-6.3
-214.8
-236.5
21.7
1,760.0
1,469.6
1,188.5
281.1
290.4
112.6
177.9
-5.0
-682.7
-642.6
-40.2
1,847.1
1,536.2
1,252.3
283.9
310.9
119.8
191.2
0.0
-822.5
-796.9
-25 5
1,835.6
1,527.0
1,244.1
282.9
308.5
119.6
188.9
0.0
-724.8
-665.7
-59.0
1,858.2
1,544.4
1,260.3
284.0
313.8
121.0
192.8
-20.0
-730.2
-6741
-56 1
1,881.0
1,562.6
1,276.8
285.8
318.4
121.2
197.2
20.0
0.0
-996.1
-959.5
-36.6
1,883.6 1,874.1
1,561.3 1,550.2
1,277.0 1,264.5
284.4 285.7
322.3 323.8
122.5 124.1
199.8 199.7
?n 2,025.4 1,925.2 1,906.8 1,910.6 1,909.9 1,780.8
21 2,750.0 2,632.4 2,660.2 2,647.8 2,530.9 2,190.3 2,099.4
22 2,288.5 2,136.1 2,164.6 2,142.7 2,022.1 1,689.9 1,585.5
23 461.6 496.3 495.5 505.0 508.9 500.4 513.9
24
2.2
-0.4
3.0 -11.6
4.0
3.1
vs -726.8 -706.8 -756.4 -725.5 -625.1 -412.6
26 -14.8 101.0 126.7
68.3 139.4 152.1
?7 1,964.6 2,195.9 2,294.1 2,253.3 2,182.3 2,302.4
28
75.6 -371.8 -514.0 -411.0 -411.8 -673.8
?9 -123.9 -522.8 -677.3 -544.7 -553.0 -837.0
in 199.5 151.0 163.3 133.7 141.2 163.2
31 990.0 785.3 824.6 789.6 650.0 306.7
32
14.4
12.6
12.3
12.6
12.4
34
35
36
37
38
39
40
-0.2
17.4
17.4
9.9
7.5
0.0
0.0
0.0
-0.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.1
69.6
69.6
39.8
29.8
0.0
0.0
0.0
-0.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-1.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
225.4
11.5
2.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2008
2008
2009
II
322.4
555.1
9
10
1
1
1?
13
14
15
16
17
18
19
Line 2007
II
5
fi
1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
2. Consists of damages tofixedassets.
Seasonally adjusted at annual rates
2009
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Private fixed investment....
Nonresidential.......................
Structures..........................
Commercial and health care
M
anufacturing..................
Power and communication...
M exploration, shafts,
ining
and wells......................
Other structures ' .............
Equipment and software......
Inform processing
ation
equipment and software....
Computers and peripheral
equipment.................
Software 2............. ......
Other3........................
Industrial equipment..........
Transportation equipment....
Other equipment4.............
Residential............................
Structures.........................
Permanent site.................
Single family.................
M
ultifam
ily....................
Other structures 5.............
Equipment.........................
Addenda:
Private fixed investment in
structures........................
Private fixed investment in
equipment and software.....
Private fixed investment in new
structures 6.....................
Nonresidential structures.....
Residential structures.........
III
IV
1
2
3
4
5
6
-2.1
6.2
14.9
9.9
22.5
34.0
-5.1
1.6
10.3
-1.8
25.4
18.4
-2.7
1.4
14.5
1.4
22.8
12.5
-8.3
-6.1
-0.1
-10.8
20.6
-14.6
-20.2
-19.5
-7.2
-28.4
46.0
-18.8
-39.0
-39.2
-43.6
-35.3
59.7
-8.8
-13.5
-8.9
-8.9
-12.2
50.0
40.1
7
8
9
10.0
16.2
2.6
16.1
11.1
-2.6
32.4
11.8
-5.0
19.4
-4.2
-9.4
16.1
-15.3
-25.9
-82.4
-31.6
-36.4
-68.3
14.0
-9.0
10
8.0
6.0
6.7
-4.4
-16.9
-19.6
-4.5
11
12
13
14
15
16
17
18
19
20
21
22
23
17.7
6.3
5.8
4.7
-9.7
-0.8
-18.5
-18.8
-25.5
-27.4
-10.1
-7.8
-0.2
8.4
6.4
4.4
-3.5
-27.3
-2.1
-22.9
-23.2
-33.5
-36.7
-14.8
-9.5
-3.0
5.1
4.8
10.0
-1.7
-42.4
-2.9
-15.8
-16.1
-27.3
-32.5
2.8
-2.5
3.7
-26.7
-3.1
4.9
-10.6
-44.5
10.2
-15.9
-15.9
-28.1
-32.0
-9.2
-2.2
-13.7
-29.2
-9.1
-21.0
-14.1
-68.9
-24.8
-23.2
-23.4
-39.0
-42.7
-22.9
-6.3
-16.2
-14.7
-24.0
-15.6
-49.7
-81.3
-31.1
-38.2
-38.8
-60.9
-67.5
-28.8
-13.9
-7.1
4.9
-12.5
2.5
-15.5
34.0
-27.5
-29.3
-29.7
-49.3
-54.1
-32.6
-13.1
-10.9
24
-6.2
-7.5
-0.5
-7.2
-14.2
-41.7
-17.9
25
2.5
-2.6
-4.9
-9.4
-25.8
-36.1
-9.0
26
27
28
-5.3
15.1
-19.2
-6.5
10.2
-23.5
-1.2
14.3
-19.6
-8.0
-0.2
-18.8
-12.5
-7.2
-20.7
-42.6
-43.6
-40.8
-18.8
-8.9
-33.4
I
II
1. Consists prim of religious, educational, vocational, lodging, railroads, farm and amusement and recreational
arily
,
structures, net purchases of used structures, and brokers’com issions on the sale of structures.
m
2. Excludes softw “ bedded,”or bundled, incom
are em
puters and other equipm
ent.
3. Includes com unication equipm nonm
m
ent,
edical instrum m
ents, edical equipm and instrum photocopy and
ent
ents,
related equipm and office and accounting equipm
ent,
ent.
4. Consists prim of furniture and fixtures, agricultural m
arily
achinery, construction m
achinery, m
ining and oilfield
m
achinery, service industry m
achinery, and electrical equipm not elsewhere classified.
ent
5. Consists prim of m
arily
anufactured homes, im
provem dorm
ents,
itories, net purchases of used structures, and
brokers’com issions onthe sale of residential structures.
m
6. Excludes net purchases of used structures and brokers’com issions on the sale of structures.
m
A ug ust 2 0 0 9
Survey
of
D -3 9
C u r r e n t B usin ess
Table 5.3.2. C ontributions to Percent C hang e in Real Private Fixed
Investm ent by Type
Seasonally adjusted at annual rates
Line
2007
2008
Percent change at annual rate:
Private fixed investment..........................................................................
Percentage points at annual rates:
Nonresidential.............................................................................................
Structures................................................................................................
Commercial and health care
Manufacturing........................................................................................
Power and communication.........................................................................
M exploration, shafts, and wells.............................................................
ining
Other structures 1....................................................................................
Equipment and software............................................................................
Inform processing equipment and software..............................................
ation
Computers and peripheral equipment.........................................................
Software 2
Other3...
Industrial equipment
Transportation equipment
Other equipment4...................................................................................
Residential.......
Structures.....
Permanent site
Single fam
ily
M
ultifam
ily..........................................................................................
Other structures 5....................................................................................
Equipment...............................................................................................
Addenda:
Private fixed investment in structures................................................................
Private fixed investment in equipment and software.............................................
Private fixed investment in new structures 6.......................................................
Nonresidential structures...........................................................................
Residential structures...............................................................................
2009
2008
II
III
IV
I
I
I
1
-2.1
-5.1
-2.7
-8.3
-20.2
-39.0
-13.5
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
4.13
2.93
0.70
0.35
0.81
0.53
0.54
1.20
1.74
0.63
0.64
0.48
0.37
-0.85
-0.06
-6.21
-6.21
-5.24
-5.00
-0.24
-0.97
0.00
1.19
2.46
-0.15
0.52
0.62
1.01
0.45
-1.26
1.40
0.31
0.70
0.39
-0.30
-2.18
-0.18
-6.27
-6.25
-5.15
-4.82
-0.33
-1.10
-0.01
1.14
3.64
0.12
0.51
0.50
1.98
0.53
-2.49
1.69
0.22
0.56
0.91
-0.14
-3.80
-0.25
-3.88
-3.90
-3.62
-3.67
0.06
-0.28
0.02
-4.64
0.04
-0.95
0.51
-0.67
1.35
-0.19
-4.68
-1.10
-1.21
-0.37
0.49
-0.96
-3.51
0.89
-3.69
-3.63
-3.39
-3.19
-0.19
-0.24
-0.07
-15.16
-1.72
-2.60
1.20
-0.86
1.26
-0.73
-13.44
-4.43
-1.19
-1.08
-2.17
-1.19
-5.42
-2.41
-5.08
-5.01
-4.42
-3.93
-0.49
-0.59
-0.07
-30.88
-13.33
-3.07
1.98
-0.33
-10.36
-1.54
-17.55
-4.55
-0.46
-2.88
-1.20
-4.98
-5.26
-2.77
-8.10
-8.07
-6.67
-6.11
-0.56
-1.40
-0.03
-6.73
-2.44
-1.08
1.92
1.79
-5.76
0.69
-4.29
-1.21
0.20
-1.71
0.31
-1.38
1.26
-2.97
-6.75
-6.69
-5.07
-4.31
-0.77
-1.62
-0.06
24
25
26
27
28
-3.27
1.20
-2.58
2.95
-5.53
-3.80
-1.27
-3.06
2.43
-5.49
-0.27
-2.48
-0.61
3.60
-4.21
-3.58
-4.75
-3.72
0.02
-3.74
-6.73
-13.52
-5.47
-1.73
-3.74
-21.40
-17.58
-20.77
-13.30
-7.46
-9.13
-4.35
-9.07
-2.45
-6.62
1. Consists prim of religious, educational, vocational, lodging, railroads, farm and amusement and recreational structures, net purchases of used structures, and brokers’com issions on the sale of structures.
arily
,
m
2. Excludes softw “ bedded," or bundled, incom
are em
puters and other equipm
ent.
3. Includes com unication equipm nonm
m
ent,
edical instrum m
ents, edical equipm and instrum photocopy and related equipm and office and accounting equipm
ent
ents,
ent,
ent.
4. Consists prim of furniture and fixtures, agricultural m
arily
achinery, construction m
achinery, m and oilfield m
ining
achinery, service industry m
achinery, and electrical equipm not elsewhere classified.
ent
5. Consists prim of m
arily anufactured hom im
es, provem dorm
ents,
itories, net purchases of used structures, and brokers’com issions on the sale of residential structures.
m
6. Excludes net purchases of used structures and brokers’com issions onthe sale of structures.
m
Table 5.3.3. Real Private Fixed Investm ent by Type, Q uantity Indexes
[Index numbers, 2005=100]
Seasonally adjusted
2007
2008
III
IV
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
100.189
114.617
125.495
116.608
135.026
144.524
125.994
126.844
110.184
116.924
144.893
110.781
113.404
113.341
97.625
102.872
75.490
75.144
68.037
65.487
90.440
87.353
103.566
95.106
116.502
138.392
114.464
169.306
171.103
146.293
140.948
107.332
123.885
157.032
117.896
118.346
109.426
70.937
100.749
58.213
57.694
45.220
41.462
77.014
79.035
100.478
97.291
119.083
140.215
118.552
163.201
178.018
144.038
144.154
110.258
126.519
166.978
119.412
120.071
111.860
77.618
101.098
59.738
59.199
47.381
43.627
79.322
79.450
103.664
95.199
117.210
140.191
115.201
171.014
171.116
150.567
142.623
107.577
125.088
154.508
118.466
121.503
108.778
66.981
103.582
57.208
56.684
43.634
39.619
77.422
79.002
99.921
89.964
111.040
137.603
105.965
187.969
162.439
156.288
136.817
99.808
119.436
141.747
115.688
114.554
104.733
50.037
96.467
53.549
53.032
38.557
34.472
72.545
77.724
95.593
79.514
98.061
119.243
95.029
211.321
158.762
101.231
124.402
89.143
113.092
136.221
108.007
109.792
88.186
32.912
87.888
47.478
46.904
30.483
26.035
66.645
74.862
93.839
76.687
95.791
116.495
91.984
233.884
172.735
75.957
128.543
87.076
111.788
137.862
104.447
110.475
84.539
35.408
81.094
43.541
42.949
25.720
21.424
60.383
72.279
91.178
24
25
26
27
28
91.802
110.119
93.646
125.779
75.282
84.941
107.265
87.575
138.574
57.592
86.518
110.193
89.138
140.408
59.045
84.913
107.501
87.308
140.355
56.057
81.715
99.767
84.434
137.753
52.906
71.400
89.188
73.497
119.377
46.403
67.959
87.115
69.764
116.612
41.914
Line
II
Private fixed investment..........................................................................
Nonresidential..................... .......................................................................
Structures................................................................................................
Commercial and health care
Manufacturing........................................................................................
Power and communication.........................................................................
M exploration, shafts, and wells.............................................................
ining
Other structures 1...
Equipment and software
Inform
ation processing equipment and software..............................................
Computers and peripheral equipment.........................................................
Software 2........
Other3............
Industrial equipment
Transportation equipment
Other equipment4..
Residential................
Structures................................................................................................
Permanent site
Single fam
ily
M
ultifam
ily
Other structures 5
Equipment
Addenda:
Private fixed investment in structures................................................................
Private fixed investment in equipment and software..............................................
Private fixed investment in newstructures 6
Nonresidential structures............
Residential structures................
2009
2008
I
II
1 Consists prim of religious, educational, vocational, lodging, railroads, farm and amusement and recreational structures, net purchases of used structures, and brokers' com issions on the sale of structures.
.
arily
,
m
2. Excludes softw “
are embedded” or bundled, incom
,
puters and other equipm
ent.
3. Includes com unication equipm nonm
m
ent,
edical instrum m
ents, edical equipm and instrum photocopy and related equipm and office and accounting equipm
ent
ents,
ent,
ent.
4. Consists prim offurniture and fixtures, agricultural m
arily
achinery, construction m
achinery, m and oilfieldm
ining
achinery, sen/ice industry m
achinery, and electrical equipm not elsewhere classified.
ent
5. Consists prim of m
arily anufactured hom im
es, provem dorm
ents,
itories, net purchases of used structures, and brokers’com issions on the sale of residential structures.
m
6. Excludes net purchases of used structures and brokers’com issions on the sale of structures.
m
D -4 0
N a t io n a l D a t a
A ugust 2 0 0 9
Table 5.3.4. Price Indexes for Private Fixed Investment by Type
[Index num
bers, 2005=100]
Seasonally adjusted
Line
2007
2008
2008
II
Private fixed investment..........................................................................
Nonresidential.............................................................................................
Structures................................................................................................
Commercial and health care
Manufacturing.........................................................................................
Power and communication....
M exploration, shafts, and wells.............................................................
ining
Other structures 1..............
Equipment and software.............................................................................
Inform processing equipment and software..............................................
ation
Computers and peripheral equipment.....
Software 2.......................................
Other3...........................................
Industrial equipment.................................................................................
Transportation equipment..........................................................................
Other equipment4....
Residential...................
Structures.................
Permanent site........................................................................................
Single fam
ily
M
ultifam
ily..........................................................................................
Other structures5....................................................................................
Equipment.......
Addenda:
Private fixed investment in structures................................................................
Private fixed investment in equipment and software.............................................
Private fixed investment in new structures 6.......................................................
Nonresidential structures...............
Residential structures...................
III
2009
IV
I
II
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
106.718
106.209
121.275
114.749
112.261
114.634
146.745
112.432
100.715
96.698
78.065
101.700
100.112
106.771
102.425
104.601
107.513
107.587
108.258
107.501
114.454
106.467
102.243
107.551
107.897
125.207
119.014
120.113
122.152
147.142
115.011
101.455
95.600
69.960
102.748
100.487
110.942
102.641
108.231
105.779
105.832
105.756
103.358
121.226
105.572
101.608
107.210
107.161
123.800
117.626
117.057
120.039
145.992
114.569
101.019
95.827
70.596
102.940
100.538
110.426
101.677
106.073
106.838
106.929
106.984
104.386
122.262
106.543
101.012
107.866
108.314
125.814
118.998
120.358
123.955
147.999
115.421
101.797
95.686
69.291
103.160
100.625
112.127
103.135
108.435
105.807
105.850
105.418
102.473
122.086
105.941
102.128
108.217
109.498
128.238
122.305
125.893
126.888
148.863
116.187
102.415
95.170
67.933
102.595
100.624
112.339
104.457
112.694
103.198
103.188
102.866
99.799
119.890
103.188
101.950
107.668
109.154
127.092
123.134
127.187
126.624
142.001
116.002
102.450
94.578
66.328
102.145
100.416
112.055
109.015
113.120
101.915
101.871
102.142
99.097
119.047
101.423
102.085
106.987
108.121
124.100
121.878
125.556
124.779
131.143
114.859
102.325
94.050
64.576
101.767
100.390
112.083
112.310
112.874
102.539
102.520
102.969
99.899
120.010
101.958
101.730
24
25
26
27
28
112.542
100.729
113.516
121.390
108.348
113.490
101.457
114.919
125.370
107.059
113.261
101.019
114.538
123.950
108.041
113.771
101.801
115.340
125.990
107.332
113.831
102.411
115.587
128.433
104.632
112.636
102.447
114.441
127.287
103.418
111.331
102.320
112.993
124.278
104.100
1. Consists prim of religious, educational, vocational, lodging, railroads, farm and amusement and recreational structures, net purchases of used structures, and brokers’com issions on the sale of structures.
arily
,
m
2. Excludes softw “ bedded,”or bundled, incom
are em
puters and other equipm
ent.
3. Includes com unication equipm nonm
m
ent,
edical instrum m
ents, edical equipm and instrum photocopy and related equipm and office and accounting equipm
ent
ents,
ent,
ent.
4. Consists prim of furniture and fixtures, agricultural m
arily
achinery, construction m
achinery, m and oilfield m
ining
achinery, service industry m
achinery, and electrical equipm not elsewhere classified.
ent
5. Consists prim of m
arily anufactured hom im
es, provem dorm
ents,
itories, net purchases of used structures, and brokers’com issions on the sale of residential structures.
m
6. Excludes net purchases of used structures and brokers' com issions on the sale of structures.
m
Table 5.3.5. Private Fixed Investm ent by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
2009
II
Private fixed investment..........................................................................
Nonresidential.............................................................................................
Structures................................................................................................
Commercial and health care
M
anufacturing.........................................................................................
Power and communication.........................................................................
M exploration, shafts, and wells.............................................................
ining
Other structures 1....................................................................................
Equipment and software.........................
Inform processing equipment and software..............................................
ation
Computers and peripheral equipment.....
Software 2.......................................
Other3..............................................................................................
Industrial equipment....
Transportation equipment..........................................................................
Other equipment4....
Residential...................
Structures................................................................................................
Permanent site.
Single fam
ily
M
ultifam
ily..........................................................................................
Other structures 5....................................................................................
Equipment...............................................................................................
Addenda:
Private fixed investment in structures................................................................
Private fixed investment in equipment and software.............................................
Private fixed investment in new structures 6....
Nonresidential structures........................
Residential structures............................
III
IV
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
16
17
18
19
20
21
22
23
2,269.1
1,640.2
535.4
181.9
45.3
74.8
142.5
90.9
1,104.8
537.4
89.2
245.6
202.5
193.2
181.7
192.6
629.0
618.6
354.1
305.2
49.0
264.5
10.4
2,170.8
1,693.6
609.5
185.2
60.8
94.4
165.9
103.3
1,084.1
562.9
86.7
264.1
212.1
193.8
132.3
195.1
477.2
467.2
229.9
185.8
44.2
237.3
10.0
2,214.0
1,719.7
610.6
189.7
57.1
96.5
162.0
105.3
1,109.2
576.2
92.9
268.0
215.3
197.3
143.8
192.0
494.2
484.0
243.3
197.4
45.9
240.7
10.2
2,179.7
1,711.0
620.4
186.5
61.5
95.9
171.6
104.9
1,090.6
568.8
84.3
266.4
218.1
194.8
125.9
201.1
468.6
458.7
220.7
176.0
44.7
238.0
10.0
2,066.6
1,638.7
620.7
176.3
70.7
93.2
179.2
101.3
1,018.0
540.2
75.8
258.7
205.6
187.9
95.3
194.7
427.8
418.3
190.3
149.1
41.1
228.0
9.5
1,817.2
1,442.6
533.1
159.2
80.3
90.9
110.7
92.0
909.5
508.3
71.1
240.5
196.7
157.8
65.4
178.0
374.6
365.2
149.4
111.8
37.5
215.9
9.4
1,741.6
1,395.9
508.6
152.5
87.8
97.4
76.7
94.1
887.4
499.6
70.1
231.7
197.8
151.3
72.5
163.9
345.6
336.6
127.1
92.8
34.3
209.5
9.1
24
25
26
27
28
1,154.0
1,115.2
1,070.7
534.9
535.8
1,076.7
1,094.1
1,013.7
608.6
405.0
1,094.5
1,119.4
1,028.4
609.7
418.8
1,079.1
1,100.6
1,014.4
619.5
394.9
1,039.0
1,027.5
983.2
619.8
363.3
898.3
918.9
847.3
532.4
315.0
845.1
896.4
794.1
507.7
286.4
I
II
1. Consists prim of religious, educational, vocational, lodging, railroads, farm and am
arily
,
usement and recreational structures, net purchases of used structures, and brokers’com issions on the sale of structures.
m
2. Excludes softw “ bedded," or bundled, incom
are em
puters and other equipm
ent.
3. Includes com unication equipm nonm
m
ent,
edical instrum m
ents, edical equipm and instrum photocopy and related equipm and office and accounting equipm
ent
ents,
ent,
ent.
4. Consists prim of furniture and fixtures, agricultural m
arily
achinery, construction m
achinery, m and oilfield m
ining
achinery, service industry m
achinery, and electrical equipm not elsewhere classified.
ent
5. Consists prim of m
arily anufactured hom im
es, provem dorm
ents,
itories, net purchases of used structures, and brokers’com issions on the sale of residential structures.
m
6. Excludes net purchases of used structures and brokers’com issions on the sale of structures.
m
A u g u st 2 0 0 9
Survey
of
D -4 1
C u r r e n t B u sin ess
Table 5.3.6. Real Private Fixed Investm ent by Type, C hained Dollars
[Billions of chained (2005) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2009
2008
I
I
Private fixed investment..........................................................................
Nonresidential.............................................................................................
Structures................................................................................................
Commercial and health care.......................................................................
Manufacturing........................................................................................
Power and communication.........................................................................
M exploration, shafts, and wells.............................................................
ining
Other structures 1...................................................................................
Equipment and software............................................................................
Inform processing equipment and software..............................................
ation
Software 3..........................................................................................
Other4..............................................................................................
Industrial equipment.................................................................................
Transportation equipment
Other equipment5...
Residential.................
Structures...............
Permanent site........................................................................................
Single fam
ily
M
ultifam
ily..
Other structures 6
Equipment.....
Residual......................................................................................................
Addenda:
Private fixed investment in structures................................................................
Private fixed investment in equipment and software.............................................
Private fixed investment in newstructures7.......................................................
Nonresidential structures...........................................................................
Residential structures...............................................................................
III
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
2,126.3
1,544.3
441.4
158.5
40.4
65.3
97.1
80.8
1,097.0
555.7
2,018.4
1,569.7
486.8
155.6
50.6
77.3
112.7
89.8
1,068.6
588.8
2,064.8
1,604.4
493.2
161.1
48.8
80.4
111.0
91.9
1,097.7
601.3
2,020.4
1,579.2
493.1
156.6
51.1
77.3
116.0
90.9
1,071.0
594.5
1,909.3
1,496.1
484.0
144.0
56.2
73.3
120.4
87.2
993.7
567.6
1,687.5
1,321.2
419.4
129.2
63.2
71.7
78.0
79.3
887.5
537.5
1,627.5
1,290.6
409.8
125.0
69.9
78.0
58.5
81.9
866.9
531.3
241.5
202.3
180.9
177.4
184.1
585.0
575.0
327.1
283.9
42.8
248.4
10.1
-1.5
257.0
211.1
174.7
128.9
180.3
451.1
441.5
217.4
179.7
36.4
224.7
9.8
5.9
260.3
214.2
178.6
141.0
180.9
462.9
453.0
227.8
189.1
37.5
225.9
10.1
2.3
258.3
216.7
173.7
121.7
185.4
443.3
433.7
209.8
171.8
36.6
224.6
9.8
8.0
252.2
204.3
167.2
90.9
172.6
415.0
405.8
185.4
149.4
34.3
221.0
9.4
15.1
235.5
195.8
140.8
59.8
157.3
367.9
358.9
146.6
112.9
31.5
212.9
9.2
2.9
227.7
197.1
135.0
64.3
145.1
337.4
328.6
123.7
92.9
28.6
205.5
8.9
0.3
25
26
27
28
29
1,025.4
1,107.1
943.2
440.7
494.5
948.7
1,078.4
882.1
485.5
378.3
966.3
1,107.8
897.8
491.9
387.9
948.4
1,080.8
879.4
491.7
368.2
912.7
1,003.0
850.4
482.6
347.5
797.5
896.7
740.3
418.2
304.8
759.0
875.8
702.7
408.5
275.3
1. Consists prim of religious, educational, vocational, lodging, railroads, farm and amusement and recreational structures, net purchases of used structures, and brokers’com issions on the sale of structures.
arily
,
m
2. The quantityindexfor com
puters can be used toaccurately measure the real grow rate of this com
th
ponent. H ever, because com
ow
puters exhibit rapid changes inprices relativeto other prices inthe econom the
y,
chained-dollar estimates should not be used to measure the com
ponent’ relative im
s
portance or its contributiontothe grow rate of m aggregate series; accurate estimates of these contributions are show intable
th
ore
n
5.3.2 and real grow rates are show intable 5.3.1.
th
n
3. Excludes softw “ bedded,”or bundled, incom
are em
puters and other equipm
ent.
4. Includes com unication equipm nonm
m
ent,
edical instrum m
ents, edical equipm and instrum photocopy and related equipm and office and accounting equipm
ent
ents,
ent,
ent.
5. Consists prim offurniture and fixtures, agricultural m
arily
achinery, construction m
achinery, m and oilfield m
ining
achinery, service industry m
achinery, and electrical equipm not elsewhere classified.
ent
6. Consists prim of m
arily anufactured hom im
es, provem dorm
ents,
itories, net purchases of used structures, and brokers’com issions on the sale of residential structures.
m
7. Excludes net purchases of used structures and brokers’com issions on the sale of structures.
m
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 current-dollar valueof the corresponding series, divided by 100. Because the form forthe chain-type
ula
quantity indexes uses w
eights of m 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 m detailed
ore
ost
lines.
Table 5.6.5B. C hang e in Private Inventories by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
I
I
Change in private inventories...................................................................
Farm...........................................................................................................
M
ining, utilities, and construction
Manufacturing..............
Durable goods industries
Nondurable goods industries
Wholesale trade............
Durable goods industries
Nondurable goods industries
Retail trade..................
M vehicle and parts dealers......................................................................
otor
Food and beverage stores.............................................................................
General merchandise stores
Other retail stores......
Other industries........;...
Addenda:
Change in private inventories.........................................................................
Durable goods industries....
Nondurable goods industries
Nonfarm industries...............
Nonfarmchange in book value 1
Nonfarm inventory valuation adjustment2......................................................
W
holesale trade..................
M
erchant wholesale trade....
Durable goods industries........................................................................
Nondurable goods industries...................................................................
Nonmerchant wholesale trade.....................................................................
2009
2008
III
I
II
-15.3
5.0
-127.4
-1.3
7.0
-31.4
-25.4
-6.1
-47.3
-57.1
9.8
-50.2
-35.5
2.7
-3.9
-13.4
^1.1
-156.0
1.2
1.8
-36.5
-25.7
-10.8
-61.3
-55.4
-5.8
-54.9
-32.1
-0.2
-4.8
-17.8
-6.4
-44.5
10.8
-55.3
-40.8
-234.1
193.2
-20.1
-10.1
0.1
-10.3
-9.9
-127.4
-122.7
-4.6
-126.1
-225.7
99.6
-47.3
-37.2
-48.4
11.2
-10.1
-156.0
-116.1
-39.9
-157.2
-182.2
25.0
-61.3
-51.6
-49.4
-2.2
-9.6
IV
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
19.4
-0.6
-0.4
4.2
0.0
4.2
6.9
2.0
4.9
5.8
2.9
0.9
-0.3
2.3
3.5
-34.8
-7.1
-2.6
-7.0
12.6
-19.7
-7.1
7.7
-14.9
-13.4
-0.5,
0.3
-3.4
-9.8
2.5
-49.3
-3.2
3.2
-31.0
-5.5
-25.5
-2.8
-1.7
-1.1
-15.7
-5.8
1.5
-1.0
-10.4
0.1
-37.0
-7.5
-3.8
-35.9
7.5
-43.4
3.4
23.2
-19.7
5.0
5.8
0.3
-1.6
0.5
1.8
-44.5
-3.7
-13.0
11.4
35.5
-24.1
-20.1
-1.2
-18.9
-24.2
-3.7
-0.8
16
17
18
19
20
21
22
23
24
25
26
19.4
7.6
11.8
20.0
73.4
-53.4
6.9
7.9
0.8
7.1
-1.1
-34.8
10.3
-45.1
-27.7
17.6
-45.3
-7.1
0.0
10.8
-10.7
-7.1
-49.3
-22.0
-27.3
-46.1
127.8
-173.9
-2.8
2.3
3.9
-1.6
-5.1
-37.0
35.9
-72.9
-29.4
36.8
-66.2
3.4
18.2
26.0
-7.8
-14.8
-4 .3
1. This series is derivedfromthe Census Bureau series “
current cost inventories.”
2. The inventoryvaluation adjustm (IV ) show inthis table differsfromthe IV that adjusts business incom The IV inthis table reflects the m of methods (such as first-in, first-out and last-in, first-out) under
ent A
n
A
es.
A
ix
lyinginventories derived prim fromCensus B
arily
ureau statistics (see footnote 1). This m differs fromthat underlying business incom derived prim fromInternal Revenue Service statistics.
ix
e
arily
Note. Estim
ates inthis table are based on the N A erican IndustryC
orth m
lassification System(N IC ).
AS
D -4 2
N a t io n a l D a t a
A ugust 2 0 0 9
Table 5.6.6B. Change in Real Private Inventories by Industry, Chained Dollars
[B s of chained (2005) d
illion
ollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Change in private inventories...................................................................
Farm...........................................................................................................
M
ining, utilities, and construction
Manufacturing..............
Durable goods industries
Nondurable goods industries
W
holesale trade............
Durable goods industries
Nondurable goods industries
Retail trade..................
M vehicle and parts dealers
otor
Food and beverage stores
General merchandise stores
Other retail stores
Other industries.............
Residual......................................................................................................
Addenda:
Change in private inventories.........................................................................
Durable goods industries...........................................................................
Nondurable goods industries
N
onfarm industries
W
holesale trade.........
M
erchant wholesale tiade
Durable goods industries
Nondurable goods industries
Nonmerchant wholesale trade
2009
III
IV
I
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
19.5
-0.8
-0.4
4.9
0.2
4.5
6.4
1.9
4.3
5.9
3.0
0.9
-0.3
2.4
3.5
0.3
-25.9
-5.3
-2.4
-3.8
11.5
-14.2
-5.2
6.7
-10.7
-11.8
-0.5
0.2
-3.1
-8.3
2.5
-2.3
-37.1
-1.6
2.3
-23.1
-4.5
-17.6
-1.6
-1.7
-0.5
-13.9
-5.6
1.3
-0.9
-8.9
0.3
0.3
-29.7
-5.0
-3.0
-30.8
6.8
-34.6
3.8
20.4
-13.8
5.6
5.7
0.3
-1.5
1.3
1.7
-8.0
-37.4
-1.9
-11.3
8.2
31.9
-22.0
-16.8
-1.6
-14.6
-21.5
-3.7
-0.7
-4.0
-13.0
5.4
-1.9
-113.9
0.3
6.6
-28.9
-23.5
-5.6
-42.3
-53.1
8.7
-47.2
-35.6
2.3
-3.6
-12.3
-3.4
5.3
-141.1
2.7
1.8
-33.4
-23.9
-9.7
-54.9
-51.7
-4.9
-51.6
-32.1
-0.2
-4.4
-16.3
-5.9
3.5
17
18
19
20
21
22
23
24
25
19.5
7.6
11.8
20.4
6.4
7.5
0.8
6.3
-1.0
-25.9
9.4
-33.7
-20.4
-5.2
1.2
9.5
-7.3
-6.4
-37.1
-19.6
-18.4
-35.8
-1.6
2.8
3.4
-0.7
-4.6
-29.7
32.8
-57.8
-24.5
3.8
15.9
22.9
-5.2
-11.8
-37.4
9.2
-45.1
-35.7
-16.8
-6.7
-0.2
-6.4
-10.3
-113.9
-115.3
-1.7
-114.9
-42.3
-33.1
-44.9
9.7
-9.5
-141.1
-109.4
-33.9
-144.4
-54.9
-46.0
-46.0
-1.8
-9.0
Note. Estim
ates inthis table are based on the N A erican IndustryC
orth m
lassification System(N IC ).
AS
Chained (2005) dollar series for real change inprivate inventories are calculated as the period-to-period change inchained-dollar end-of-period inventories. Q
uarterlychanges inend-of-period inventories are stated
at annual rates. Because the form for the chain-type quantity indexes uses w
ula
eights of m than one period, the corresponding chained-dollar estim are usually not additive. The residual line is the difference
ore
ates
between the first line and the sumof the m detailed lines.
ost
Table 5.7.5B. Private Inventories and D om estic Final Sales by Industry
[Billions of dollars]
Seasonally adjusted quarterly totals
Line
2008
II
Private inventories 1...............................................................................
Farm...........................
M
ining, utilities, and construction
Manufacturing...............
Durable goods industries
Nondurable goods industries.........................................................................
W
holesale trade.............................................................................................
Durable goods industries
Nondurable goods industries
Retail trade...................
M vehicle and parts dealers
otor
Food and beverage stores
General merchandise stores
Other retail stores.......
Other industries..............................................................................................
Addenda:
Private inventories.......................................................................................
Durable goods industries
Nondurable goods industries
Nonfarm industries......
W
holesale trade.........
M
erchant wholesale trade..........................................................................
Durable goods industries........................................................................
Nondurable goods industries...................................................................
Nonmerchant wholesale trade.....................................................................
Final sales of domestic business 2............................................................
Final sales of goods and structures of domestic business 2..........................
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.....................................
2009
III
IV
I
II
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
2,199.7
210.0
114.5
673.3
369.0
304.4
531.0
293.2
237.8
516.4
159.9
42.6
81.1
232.8
154.6
2,177.8
200.9
114.6
655.3
372.5
282.8
528.2
299.4
228.8
520.7
161.5
43.2
81.6
234.5
158.2
2,015.9
178.4
100.1
592.8
357.2
235.7
482.7
288.4
194.3
506.4
159.2
42.4
80.4
224.3
155.5
1,948.1
171.9
96.4
575.8
346.3
229.4
464.3
271.4
192.9
489.7
148.1
42.3
79.2
220.1
150.0
1,919.6
169.5
95.1
572.3
339.8
232.5
455.8
257.4
198.5
478.7
141.2
42.4
78.2
217.0
148.2
16
17
18
19
20
21
22
23
24
25
26
2,199.7
937.5
1,262.2
1,989.8
531.0
460.2
260.6
199.6
70.8
818.3
437.9
2,177.8
951.3
1,226.4
1,976.9
528.2
462.0
267.4
194.5
66.2
814.4
434.4
2,015.9
916.7
1,099.1
1,837.5
482.7
428.6
257.7
170.9
54.1
800.0
419.7
1,948.1
874.6
1,073.4
1,776.1
464.3
413.8
243.1
170.7
50.5
794.1
413.9
1,919.6
844.6
1,075.1
1,750.1
455.8
406.6
230.6
176.0
49.2
790.6
410.0
27
28
29
2.69
2.43
4.54
2.67
2.43
4.55
2.52
2.30
4.38
2.45
2.24
4.29
2.43
2.21
4.27
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated fromcurrent-dollar inventories inthis table is not the current-dollar change in private inventories com
ponent of
G P The form isthe difference betweentw inventorystocks, each valued at its respective end-of-quarter prices. The latter isthe change inthe physical volum of inventories valued at average prices of the quarter.
D.
er
o
e
Inaddition, changes calculatedfromthis table are at quarterly rates, whereas, the change inprivate inventories is stated at annual rates.
2. Q
uarterlytotals at m
onthlyrates. Final sales of dom business equals final sales of dom product less gross output of general governm gross value added of nonprofit institutions, com
estic
estic
ent,
pensation paid to
dom w
estic orkers, and im
puted rental of ow
ner-occupied nonfarmhousing. It includes a sm am of final sales byfarmand bygovernm enterprises.
all ount
ent
Note. Estim
ates inthis table are based on the N A erican Industry Classification System(N IC ).
orth m
AS
A ugust 2 0 0 9
Su r v ey
of
D -4 3
C u r r e n t B u sin ess
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars
[B s of chained (2005) d
illion
ollars]
Seasonally adjusted quarterly totals
Line
2008
II
Private inventories 1...............................................................................
Farm...........................................................................................................
M
ining, utilities, and construction........................................................................
M
anufacturing...............................................................................................
Durable goods industries
Nondurable goods industries
Wholesale trade............
Durable goods industries
Nondurable goods industries
Retail trade..................
M vehicle and parts dealers......................................................................
otor
Food and beverage stores.............................................................................
General merchandise stores
Other retail stores......
Other industries.............
Residual......................
Addenda:
Private inventories.......................................................................................
Durable goods industries
Nondurable goods industries
Nonfarm industries.....
W
holesale trade.........
M
erchant wholesale trade
Durable goods industries
Nondurable goods industries
Nonmerchant wholesale trade.....................................................................
Final sales of domestic business2............................................................
Final sales of goods and structures of domestic business 2..........................
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
2009
III
IV
II
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1,835.5
152.4
91.1
542.8
318.1
224.5
432.8
260.9
172.1
478.6
157.6
36.7
75.0
209.4
137.2
0.5
1,828.1
151.1
90.3
535.1
319.8
215.8
433.8
266.0
168.6
480.0
159.0
36.7
74.6
209.7
137.6
-1.1
1,818.8
150.7
87.5
537.1
327.7
210.3
429.6
265.6
165.0
474.6
158.1
36.6
73.6
206.5
138.9
-1.7
1,790.3
150.7
89.2
529.9
321.9
208.9
419.0
252.3
167.1
462.8
149.2
37.1
72.7
203.4
138.1
-0.3
1,755.0
151.4
89.6
521.6
315.9
206.5
405.2
239.4
165.9
449.9
141.2
37.1
71.6
199.4
136.6
0.4
17
18
19
20
21
22
23
24
25
26
27
1,835.5
841.9
993.5
1,683.6
432.8
377.2
231.2
146.2
55.6
772.4
425.5
1,828.1
850.1
979.1
1,677.5
433.8
381.1
236.9
144.9
52.7
760.7
417.5
1,818.8
852.4
967.8
1,668.6
429.6
379.4
236.9
143.3
50.1
746.0
402.3
1,790.3
823.6
967.4
1,639.8
419.0
371.2
225.6
145.7
47.7
734.7
391.9
1,755.0
796.2
958.9
1,603.7
405.2
359.7
214.1
145.2
45.5
732.0
388.7
28
29
30
2.38
2.18
3.96
2.40
2.21
4.02
2.44
2.24
4.15
2.44
2.23
4.18
2.40
2.19
4.13
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculatedfromthis table are at quarterly rates, whereas the change inprivate inventories com
ponent of G Pis stated at annual rates.
D
2. Q
uarterlytotals at m
onthlyrates. Final sales of dom business equals final sales of dom product less gross output of general governm gross value added of nonprofit institutions, com
estic
estic
ent,
pensation paid to
dom w
estic orkers, and im
puted rental of ow
ner-occupied nonfarmhousing. It includes a sm am of final sales byfarmand bygovernm enterprises.
all ount
ent
Note. Estim
ates inthis table are based on the N A erican IndustryClassification System (N IC ).
orth m
AS
Chained (2005) dollar inventoryseries are calculatedto ensure that the chained (2005) dollar change ininventories for 2005 equals the current-dollar change ininventories for 2005 and that the average of the 2004
and 2005 end-of-year chain-w
eighted and fixed-w
eighted inventories are equal.
Table 5.7.9B. Im plicit Price D eflators for Private Inventories by Industry
[Index numbers, 2005=100]
Seasonally adjusted
Line
2008
II
Private inventories 1...............................................................................
Farm...........................................................................................................
M
ining, utilities, and construction
Manufacturing..............
Durable goods industries
Nondurable goods industries
Wholesale trade............
Durable goods industries
Nondurable goods industries
Retail trade..................
M vehicle and parts dealers
otor
Food and beverage stores
General merchandise stores
Other retail stores.......................................................................................
Other industries.............................................................................................
Addenda:
Private inventories.......................................................................................
Durable goods industries...........................................................................
Nondurable goods industries
Nonfarm industries...............
W
holesale trade..................
M
erchant wholesale trade...
Durable goods industries........................................................................
Nondurable goods industries...................................................................
Nonmerchant wholesale trade.....................................................................
2009
IV
I
II
1
2
3
4
5
6
7
8
9
10
1
1
12
13
14
15
119.842
137.801
125.683
124.050
115.994
135.583
122.683
112.381
138.219
107.887
101.502
116.241
108.158
111.155
112.694
119.126
132.898
126.810
122.464
116.477
131.038
121.759
112.573
135.664
108.477
101.582
117.494
109.386
111.789
114.977
110.836
118.414
114.311
110.370
108.981
112.047
112.369
108.604
117.773
106.687
100.732
116.088
109.277
108.618
111.911
108.813
114.052
108.082
108.649
107.597
109.810
110.809
107.563
115.410
105.814
99.297
113.887
108.978
108.200
108.633
109.380
111.944
106.097
109.721
107.561
112.578
112.486
107.513
119.633
106.400
100.029
114.188
109.232
108.854
108.480
16
17
18
19
20
21
22
23
24
119.842
111.361
127.046
118.185
122.683
122.015
112.721
136.551
127.330
119.126
111.912
125.264
117.849
121.759
121.208
112.887
134.267
125.710
110.836
107.549
113.569
110.122
112.369
112.953
108.797
119.284
108.022
108.813
106.202
110.962
108.312
110.809
111.485
107.735
117.175
105.741
109.380
106.074
112.113
109.128
112.486
113.057
107.702
121.169
108.254
1 Im price deflators are as of the end of the quarter and are consistent w inventory stocks.
. plicit
ith
Estim inthis table are based on the N A erican Industry Classification System (N IC ).
ates
orth m
AS
Note.
III
D -4 4
N a t io n a l D a t a
A ugust 2 0 0 9
6. Income and Employment by Industry
Table 6.1 D. National Income Without Capital Consumption Adjustment by Industry
[B s of dollars]
illion
Seasonally adjusted at annual rates
National income without capital consumption adjustment.
Domestic industries.............................................................
Private industries.................................................................
A
griculture, forestry, fishing, and hunting..................................
M
ining............................................................................
U
tilities
Construction.....................................................................
M
anufacturing
D
urable goods................................................................
Nondurable goods...........................................................
W
holesale 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..............
A entertainment, recreation, accommodation, and food services..
rts,
Other services, except government..........
Government........................................................................
Rest of the world.
2007
12,547.0
12.431.3
10.959.3
109.7
194.7
196.8
693.7
1,424.5
806.5
618.0
770.7
914.0
362.6
445.6
2,192.4
1.691.1
1.115.1
482.2
366.4
1,471.9
115.7
Line
2008
12.547.4
12.405.4
10,863.0
116.6
231.6
191.8
626.3
1,328.0
742.7
585.3
753.6
861.2
338.5
428.0
2.239.9
1.730.9
1.167.9
475.0
373.5
1,542.5
141.9
2008
12,573.8
12.445.0
10.908.1
117.4
227.5
194.7
631.3
1,317.1
735.6
581.5
737.8
869.6
338.7
437.0
2.273.3
1,754.7
1.159.4
477.3
372.4
1,536.9
128.9
12.695.1
12,534.4
10.983.2
116.7
252.1
194.6
619.8
1.356.1
751.6
604.6
768.6
861.1
334.8
444.9
2.238.4
1.769.5
1.174.2
478.1
374.3
1,551.1
160.8
2009
12.353.4
12.246.4
10.686.4
106.7
233.2
194.0
611.6
1,293.6
705.6
587.9
783.6
848.6
337.3
385.4
2,204.3
1,649.9
1.191.0
471.7
375.6
1.560.0
107.0
12.251.5
12.151.6
10,572.3
96.3
200.3
207.7
582.8
1.215.3
672.3
542.9
745.8
837.4
320.4
408.8
2,190.9
1,733.8
1,201.7
465.2
367.3
1.579.3
99.9
1. Consists of professional, scientific, and technical services; management of companies and enterprises; and adm
inistrative and waste management services.
Note. Estim
ates inthis table are based on the 2002 N A erican IndustryClassification System(N IC ).
orth m
AS
Table 6.16D. C orporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
Corporate profits with inventory valuation and capital consumption adjustments..........
Domestic industries...................................................................................................
Financial' .......
Nonfinancial.....
Rest of the world..
Less: Payments to the rest of the world.........................................................................
Financial................................................................................................................
Federal Reserve banks..........................................................................................
Other financial2...................................................................................................
Utilities........
M
anufacturing
Durable goods
Fabricated m products................................................................................
etal
Machinery....................................................................................................
Computer and electronic products......................................................................
Electrical equipment, appliances, and components.................................................
M vehicles, bodies and trailers, and parts........................................................
otor
Other durable goods 3....................................................................................
Nondurable goods
Food and beverage and tobacco products.............................................................
Petroleum and coal products............................................................................
Chemical products
Other nondurable goods 4................................................................................
W
holesale trade...................................................................................................
Transportation and warehousing...............................................................................
1
2
3
4
5
fi
7
8
q
m
1
1
12
n
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
?9
30
31
3?
33
1,541.7
1,193.9
347.0
846.9
347.8
504.5
156.8
1,730.4
1,382.6
367.8
37.7
330.1
1,014.9
49.1
278.6
96.1
21.3
19.8
11.2
-1.1
-16.4
61.3
182.6
30.2
77.8
51.9
22.7
102.2
121.6
30.0
90.3
343.0
347.8
1,360.4
983.2
271.6
711.6
377.2
544.2
167.0
1,424.5
1,047.3
278.9
35.7
243.2
768.4
40.1
175.5
30.7
17.6
16.1
4.7
-4.1
-47.5
43.9
144.9
33.7
66.5
31.3
13.3
75.1
78.2
11.4
84.7
303.4
377.2
1,403.7
1,036.7
323.9
712.8
367.0
573.6
206.6
1,463.8
1,096.8
330.8
31.1
299.7
766.0
43.1
160.1
19.7
14.9
13.1
2.0
-2.0
-55.7
47.4
140.5
37.1
42.5
48.2
12.7
56.6
80.2
11.9
101.8
312.1
367.0
III
1,454.6
1,057.4
289.8
767.6
397.2
558.5
161.3
1,522.2
1,125.0
297.5
34.6
262.9
827.5
43.5
205.7
40.5
17.7
14.6
0.1
-2.6
-45.4
56.2
165.2
37.3
79.3
39.1
9.5
85.8
77.1
9.2
81.9
324.4
397.2
2009
IV
1,123.6
791.3
121.9
669.4
332.4
479.1
146.8
1,199.3
866.9
130.3
41.1
89.2
736.6
40.8
148.6
1.5
19.2
19.6
2.2
-8.4
-53.4
22.3
147.1
31.3
79.7
21.7
14.4
111.5
79.7
11.5
63.6
280.8
332.4
I
II
1,182.7
867.0
237.8
629.2
315.8
402.2
86.4
1,327.6
1,011.9
253.9
28.8
225.1
758.0
53.6
121.6
8.0
19.3
12.8
3.2
-6.3
-54.8
33.9
113.6
34.7
29.4
29.6
19.8
94.0
83.1
6.7
95.4
303.6
315.8
1. Consists of finance and insurance and bank and other holdingcom
panies.
2. Consists of credit interm
ediation and related activities; securities, com oditycontracts, and other financial investm and related activities; insurance carriers and related activities; funds, trusts, and other finan
m
ents
cial vehicles; and bank and other holdingcom
panies.
3. Consists of w products; nonm
ood
etallic m
ineral products; prim m
ary etals; other transportation equipm furniture and related products; and m
ent;
iscellaneous m
anufacturing.
4. Consists of textile m and textile product m apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products.
ills
ills;
5. Consists of agriculture, forestry, fishing, and hunting; m
ining; construction; real estate and rental and leasing; professional, scientific, and technical services; adm
inistrative and waste m
anagem services;
ent
educational services; health care and social assistance; arts, entertainm and recreation; accom odation and foodservices; and other services, except governm
ent,
m
ent.
Note. Estim
ates inthis table are based on the 2002 N A erican Industry C
orth m
lassification System(N IC ).
AS
Survey
A u gu st 2 0 0 9
of
D -4 5
C u r r e n t B u sin ess
7. Supplemental Tables
Table 7.1. S elected Per C apita Product and Incom e Series in C urrent and C hained Dollars
[Dollars]
Seasonally adjusted at annual rates
Line
2007
2009
2008
2008
II
Current dollars:
Gross domestic product............................................................................................
Gross national product...
Personal income..........
Disposable personal income
Personal consumption expenditures
Goods..................
Durable goods.....
Nondurable goods..
Services............................................................................................................
Chained (2005) dollars:
Gross domestic product............................................................................................
Gross national product..............................................................................................
Disposable personal income
Personal consumption expenditures.............................................................................
Goods...............................................................................................................
Durable goods
Nondurable goods
Services.......
Population (m
idperiod, thousands)...................................................................................
III
IV
I
II
1
2
3
4
5
6
7
8
9
46,655
47,039
39,419
34,478
32,566
11,152
3,846
7,306
21,414
47,422
47,888
40,189
35,486
33,264
11,175
3,596
7,579
22,089
47,670
48,094
40,420
36,059
33,521
11,426
3,704
7,722
22,095
47,714
48,241
40,301
35,586
33,522
11,359
3,570
7,789
22,164
46,945
47,295
40,028
35,335
32,752
10,561
3,337
7,223
22,192
46,296
46,622
39,125
35,231
32,613
10,442
3,348
7,094
22,172
10
11
12
13
14
15
16
17
18
43,926
44,286
32,679
30,868
10,849
3,977
6,876
20,020
301,737
43,714
44,142
32,546
30,509
10,528
3,764
6,756
19,975
304,529
44,111
44,500
33,075
30,747
10,712
3,866
6,844
20,033
304,128
43,706
44,185
32,270
30,399
10,475
3,738
6,729
19,918
304,872
43,001
43,323
32,460
30,087
10,177
3,523
6,629
19,895
305,620
42,206
42,509
32,485
30,071
10,220
3,550
6,646
19,840
306,245
46,110
39,071
35,553
32,551
10,381
3,283
7,099
22,170
42,012
32,675
29,916
10,095
3,479
6,590
19,804
306,872
Table 7.2.1 B. Percent C hange from Preceding Period in Real M otor Vehicle O utput
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2008
2009
II
M vehicle output........................................................................................
otor
A output...................................................................................................
uto
Truck output.................................................................................................
Final sales of domestic product...................................................................................
Personal consumption expenditures.........................................................................
N motor vehicles...............................................................................................
ew
Autos.............................................................................................................
Light trucks (including utilityvehicles).....................................................................
Net purchases of used autos and used light trucks........................................................
Used autos......................................................................................................
Used light trucks (including utilityvehicles)...............................................................
Private fixed investment..........................................................................................
N motor vehicles...............................................................................................
ew
Autos.............................................................................................................
Trucks............................................................................................................
Light trucks (including utilityvehicles)..................................................................
Other..........................................................................................................
Net purchases of used autos and used light trucks........................................................
Used autos......................................................................................................
Used light trucks (including utilityvehicles)...............................................................
Gross government investment.................................................................................
Autos................................................................................................................
Trucks................................................................................................................
Net exports...........................................................................................................
Exports..............................................................................................................
Autos.............................................................................................................
Trucks............................................................................................................
Imports..............................................................................................................
Autos.............................................................................................................
Trucks............................................................................................................
Domestic........................................................................................................
New..................................................................................................................
Domestic........................................................................................................
Addenda:
Final sales of motor vehicles to domestic purchasers.........................................................
Private fixed investment in new autos and newlight trucks.................................................
Domestic output of newautos 2...................................................................................
Sales of imported new autos 3....................................................................................
IV
I
II
1
2
3
4
5
6
7
8
9
10
1
1
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
-1.3
-1.4
-1.3
-0.3
1.6
1.2
-3.6
4.8
2.5
-4.6
9.0
-12.9
-6.2
1.8
-10.6
-0.3
-36.9
10.8
2.8
18.4
-7.1
0.2
-9.3
-18.4
-6.9
-25.4
-17.8
-15.0
-19.7
-10.7
-26.1
-5.3
-5.5
-5.1
-30.0
-20.4
-13.9
-24.6
-24.9
-23.5
-1.1
1.2
-3.1
-0.4
-6.3
1.6
-36.2
-13.8
-49.1
-35.5
-24.8
-31.0
-1.8
-49.7
-11.8
-11.1
-12.4
-49.4
-31.9
0.2
-47.9
-54.7
-6.2
11.7
14.2
9.6
-13.1
-30.2
-7.2
-6.6
-5.2
-7.9
-21.3
-25.5
-31.6
-51.1
-7.6
-13.4
-17.9
-9.5
-47.3
-28.6
-19.3
-35.1
-37.2
-26.6
9.5
17.0
3.4
60.0
21.9
72.4
-50.5
-63.6
-37.2
-51.1
-36.2
-47.0
-50.4
-43.9
-13.6
-24.2
-4.3
-76.1
-61.8
-70.8
-53.2
-61.9
-10.6
-33.6
-42.0
-25.4
-71.2
-7.3
-80.1
-64.5
-77.4
-52.2
1.5
9.6
-1.4
-17.9
14.1
28.6
29.9
27.6
-82.7
-65.0
-61.8
-67.1
-63.7
-75.2
-31.8
-34.1
-29.9
-50.3
-38.9
-54.2
14.6
111.0
-23.9
-13.1
-13.2
-9.4
-21.1
0.3
-18.7
-17.7
-19.3
2.0
48.9
111.6
12.6
35.9
-40.1
101.0
70.4
129.4
-52.8
-47.4
-55.0
22.7
31.9
14.0
-2.6
-1.6
-3.6
6.4
16.6
-4.8
-11.7
-0.6
-22.2
4.2
10.1
-3.2
-7.1
-2.6
-11.5
21.4
23.5
18.5
-29.0
12.6
-59.0
-51.5
-51.7
-51.2
-49.5
-30.4
-68.5
-87.9
-91.9
-80.4
-86.1
-89.3
-79.4
-25.7
-7.8
-41.7
-18.3
-26.6
-5.8
42
43
44
45
-3.2
0.6
-3.2
4.0
-18.8
-20.0
-4.6
-10.4
-31.9
-34.6
-31.3
39.4
-29.4
-28.8
38.7
-46.1
-50.5
-66.7
-57.0
-55.5
-23.3
-62.8
-94.6
-21.2
-12.8
70.2
88.6
2.5
1. Consists of used light trucks on .
ly
2. Consists of final sales and change inprivate inventories of newautos assembled inthe U States.
nited
3. Consists of sales of im
ported newautos inpersonal consum expenditures, inprivate fixed investm and ingross governm investm
ption
ent,
ent
ent.
III
D -4 6
A ugust 2 0 0 9
N a t io n a l D a t a
Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes
[Index num
bers, 2005=100]
Table 7.2.4B. Price Indexes for Motor Vehicle Output
[Index num
bers, 2005=100]
Seasonally adjusted
Line 2007
2008
2008
Seasonally adjusted
2009
Line
II
Motor vehicle output....
A output..............
uto
Truck output..............
Final sales of domestic product
Personal consumption
expenditures..................
N motor vehicles..........
ew
Autos.........................
Light trucks (including
utilityvehicles)..........
Net purchases of used autos
and used light trucks.....
Used autos.................
Used light trucks
(including utility
vehicles).................
Private fixed investment.....
Newmotor vehicles..........
Autos.........................
Trucks........................
Light trucks (including
utilityvehicles).......
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
1
2
3
4
97.492
100.974
95.524
98.534
79.505
93.958
71.216
81.004
III
IV
I
79.624
97.819
69.150
79.374
66.784
75.999
61.567
66.366
51.533
52.392
51.184
66.619
53.321
63.145
47.806
64.326
fa 97.782 83.126 86.742 80.582 72.030 73.692 71.138
6 95.336 76.550 80.950 73.606 62.817 62.601 61.082
7 97.981 87.543 98.842 82.667 69.376 66.029 62.230
8 93.671 69.227 68.946 67.604 58.505 60.461 60.499
9 103.164 97.677 99.493 95.991 92.553 98.555 93.597
10 92.955 87.807 90.757 86.385 80.607 86.058 81.962
11
12
13
14
15
113.117
96.395
101.248
106.356
98.275
107.298
67.520
80.550
91.578
74.122
108.009
74.326
86.088
100.520
77.676
105.355
63.341
79.136
95.279
69.710
104.193
44.295
62.204
70.050
57.666
110.735
28.573
47.860
55.078
43.673
104.945
28.718
52.868
66.426
44.986
16 110.128 82.738 86.897 77.357 60.760 47.166 50.922
17 68.416 52.372 54.532 50.467 49.073 34.621 30.463
18 112.628 111.363 113.656 116.277 104.960 95.367 113.549
19 101.015 102.261 104.479 108.661 94.834 85.440 97.611
20 124.420 120.605 122.970 124.013 115.242 105.450 129.781
21
22
23
?4
2b
26
27
28
29
30
31
101.834 101.473 101.879 114.576 83.934 70.488 58.416
108.847 102.013 97.712 102.681 100.742 89.078 75.875
99.752 101.317 103.122 118.156 78.911 64.934 53.190
136.112
153.565
121.016
106.131
108.928
103.598
144.781
179.099
115.216
93.758
108.305
80.605
147.914
183.263
117.460
101.078
108.912
93.983
155.249
193.209
122.561
92.777
112.185
75.200
129.545
161.031
102.431
78.224
102.480
56.344
76.426
85.940
68.129
47.773
58.573
37.969
70.966
84.207
59.526
45.416
54.218
37.405
Exports.........................
Autos.........................
Trucks........................
Imports..........................
Autos.........................
Trucks........................
Change in private inventories
96.404
98.424
95.194
96.406
42 97.463 79.152 83.615 76.646 64.302 60.177 58.146
43 108.465 86.765 93.082 85.502 64.962 50.749 57.963
44 97.209 92.713 91.283 99.071 80.219 38.634 45.273
45 114.786 102.807 118.253 101.343 82.795 78.003 78.477
1. Consists of used light trucks only.
2. Consists of final sales and change inprivate inventories of newautos assembled inthe U States.
nited
3. Consists of sales of im
ported new autos in personal consum
ption expenditures, in private fixed investm and in
ent,
gross governm investm
ent
ent.
2009
1
2
3
4
III
IV
I
II
96.828
98.188
96.146
96.864
96.445
99.575
94.398
96.413
94.773
97.820
92.795
94.792
95.916
98.208
94.406
95.726
98.314
99.266
97.683
97.914
b 98.368 96.445 97.221 96.404 94.102 93.672 94.980
6 98.313 96.842 97.354 96.930 95.357 95.987 97.815
7 100.491 100.164 100.085 100.982 99.649 99.833 100.839
8 96.808 94.488 95.326 93.765 92.002 92.957 95.337
9 98.501 95.731 96.931 95.408 91.939 89.973 90.538
10 98.505 95.421 96.676 96.097 91.146 88.801 88.569
1
1
12
13
14
15
98.510
101.130
99.861
100.479
99.511
95.991
100.395
99.045
100.174
98.355
97.156
99.475
99.382
100.096
99.018
94.873
100.754
99.190
100.986
98.006
92.557
102.037
97.997
99.672
96.905
90.877
108.189
98.827
99.869
98.188
92.049
113.715
100.361
100.843
100.167
16 96.925 94.746 95.732 94.280 92.494 93.478 95.816
17 107.459 110.764 110.188 111.005 112.425 114.758 115.224
18 97.094 96.158 98.021 95.695 91.783 88.346 87.305
19 97.237 96.156 97.927 95.543 91.945 88.688 87.996
20 96.969 96.155 98.098 95.822 91.640 88.054 86.737
21
22
23
?4
2b
26
27
28
29
30
31
103.956 105.061 105.157 105.479 105.194 107.958 110.267
103.887 105.611 106.318 107.270 105.178 109.153 112.858
103.980 104.893 104.793 104.942 105.225 107.514 109.246
101.550
101.240
101.864
101.392
101.053
101.706
102.609
101.871
103.445
103.414
103.113
103.685
102.393
101.714
103.194
103.263
103.239
103.312
102.661
101.775
103.757
103.731
103.404
104.156
103.291
102.450
104.332
103.712
102.663
105.227
103.167
102.181
104.384
103.408
102.341
104.951
103.098
102.063
104.374
103.305
102.793
104.093
V
33
34
3S
36
37
38
39
40
41
33
34
3S
36
37
38
39
40
41
98.891
100.439
97.997
98.862
2008
II
Motor vehicle output....
A output..............
uto
Truck output.............
Final sales of domestic product
Personal consumption
expenditures.................
N motor vehicles...........
ew
Autos.........................
Light trucks (including
utilityvehicles)..........
Net purchases of used autos
and used light trucks......
Used autos.................
Used light trucks
(including utility
vehicles)..................
Private fixed investment......
N motor vehicles...........
ew
Autos.........................
Trucks........................
Light trucks (including
utilityvehicles).......
Other......................
Net purchases of used autos
and used light trucks......
Used autos.................
Used light trucks
(including utility
vehicles)..................
Gross government
investment.....................
Autos.............................
Trucks...........................
V
Addenda:
Final sales of motor vehicles to
domestic purchasers.........
Private fixed investment in new
autos and new light trucks....
Domestic output of newautos 2
Sales of imported newautos 3
2008
II
80.999
99.138
70.583
84.266
2007
Addenda:
Final sales of m vehicles to
otor
domestic purchasers.........
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported newautos 3
42 99.352 97.836 98.203 97.950 96.490 97.222 99.157
43 98.461 97.124 97.586 97.264 95.708 96.314 97.973
44 100.845 100.890 100.572 101.411 101.153 102.315 102.801
45 100.487 100.168 100.131 101.019 99.609 99.853 100.845
1. Consists of used light trucks only.
2. Consists of final sales and change inprivate inventories of newautos assembled inthe U States.
nited
3. Consists of sales of im
ported new autos in personal consum
ption expenditures, in private fixed investm and in
ent,
gross governm investm
ent
ent.
A u g u st 2 0 0 9
Su r v ey
of
D -4 7
C u r r e n t B u sin ess
Table 7.2.5B. Motor Vehicle Output
[B s of dollars]
illion
Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars
[B s of chained (2005) d
illion
ollars]
Seasonally adjusted at annual rates
Line
2007
2008
2008
II
M vehicle output....
otor
A output..............
uto
Truckoutput..............
Final sales of domestic product
Personal consumption
expenditures..................
Newmotor vehicles..........
Autos.........................
Light trucks (including
utilityvehicles)..........
Net purchases of used autos
and used light trucks.....
Used autos..................
Used light trucks
(including utility
vehicles)..................
Private fixed investment......
Newmotor vehicles..........
Autos.........................
Trucks........................
Light trucks (including
utilityvehicles).......
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..........................
Addenda:
Final sales of motor vehicles to
domestic purchasers.........
Private fixed investment in new
autos and new light trucks....
Domestic output of newautos 2
Sales of imported newautos 3
Seasonally adjusted at annual rates
2009
III
IV
I
Line 2007
II
1
2
3
4
403.9
152.4
251.5
411.6
321.2
139.1
182.2
330.0
328.3
146.3
182.0
344.5
321.5
146.4
175.0
322.9
264.9
111.8
153.1
265.4
206.9
77.4
129.6
269.0
219.2
94.2
125.0
265.7
b
6
7
347.8
233.3
95.9
289.9
184.5
85.4
304.5
195.9
96.4
280.4
177.3
81.3
244.7
148.9
67.4
249.2
149.3
64.2
243.9
148.5
61.1
8
137.3
99.1
99.5
96.0
81.5
85.1
87.4
9
10
114.5
51.0
105.4
46.6
108.6
48.8
103.1
46.1
95.8
40.8
99.8
42.5
95.4
40.3
1
1
12
13
14
15
63.6
144.2
215.3
83.1
132.2
58.7
100.3
169.9
71.3
98.6
59.8
109.7
182.0
78.2
103.8
57.0
94.7
167.0
74.8
92.2
55.0
67.1
129.7
54.3
75.4
57.3
45.9
100.6
42.8
57.8
55.1
48.5
112.9
52.1
60.8
16
17
105.4
26.8
77.4
21.1
81.9
21.9
71.8
20.4
55.3
20.1
43.4
14.5
48.0
12.8
18
19
-71.1
-32.2
-69.6
-32.2
-72.4
-33.5
-72.3
-34.0
-62.6
-28.5
-54.7
-24.8
-64.4
-28.1
20
-38.9
-37.4
-38.9
-38.3
-34.0
-29.9
-36.3
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
16.0
3.9
12.1
-96.4
60.8
31.7
29.0
157.2
76.6
80.6
-7.7
-4.6
-3.5
-2.7
-0.9
-1.1
-3.2
-2.9
-2.1
-0.8
-0.3
16.1
3.7
12.4
-76.3
65.3
37.2
28.1
141.6
77.7
63.9
-8.8
4.5
6.2
4.2
2.0
-1.7
-13.3
-12.8
-13.9
1.0
-0.5
16.2
3.6
12.6
-85.9
66.6
38.1
28.6
152.5
78.2
74.3
-16.1
-7.0
-4.2
-4.5
0.3
-2.8
-9.1
-8.8
-12.1
3.3
-0.3
18.2
3.8
14.4
-70.5
70.1
40.1
30.0
140.6
80.7
59.9
-1.4
14.8
15.0
11.9
3.1
-0.1
-16.3
-17.6
-20.8
3.2
1.4
13.3
3.7
9.7
-59.7
58.9
33.7
25.2
118.5
73.2
45.4
-0.5
13.7
15.6
14.5
1.0
-1.9
-14.2
-12.4
-9.6
-2.9
-1.8
11.5
3.4
8.1
-37.5
34.7
17.9
16.8
72.2
41.7
30.5
-62.1
-26.9
-24.1
-18.4
-5.7
-2.8
-35.2
-28.3
-21.2
-7.2
-6.9
9.7
3.0
6.8
-36.4
32.2
17.5
14.6
68.6
38.8
29.8
-46.5
-13.0
-14.7
-12.4
-2.3
1.7
-33.5
-36.3
-31.8
-4.5
2.9
42
508.0
406.3
430.4
393.4
325.1
306.5
302.1
43
44
4b
188.5
105.7
99.6
148.8
100.9
88.9
160.1
99.1
102.2
146.6
108.4
88.4
109.6
87.6
71.2
86.1
42.7
67.2
100.1
50.2
68.3
1. Consists of used light trucks only.
2. Consists of final sales and change inprivate inventories of newautos assembled inthe U States.
nited
3. Consists of sales of im
ported newautos in personal consum expenditures, in private fixed investm and in
ption
ent,
gross governm investm
ent
ent.
2008
Motor vehicle output....
A output..............
uto
Truckoutput..............
Final sales of domestic product
Personal consumption
expenditures..................
Newmotor vehicles...........
Autos.........................
Light trucks (including
utilityvehicles)..........
Net purchases of used autos
and used light trucks......
Used autos..................
Used light trucks
(including utility
vehicles).................
Private fixed investment......
Newmotor vehicles...........
Autos.........................
Trucks........................
Light trucks (including
utilityvehicles).......
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
N
ew
Domestic.....................
Foreign.......................
Used '
Residual...............................
Addenda:
Final sales of m vehicles to
otor
domestic purchasers..........
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported newautos 3
2009
2008
II
III
IV
I
II
1
2
3
4
408.4
151.7
256.7
416.4
333.1
141.2
191.3
342.3
339.3
149.0
189.6
356.1
333.6
147.0
185.8
335.4
279.8
114.2
165.4
280.4
215.9
78.7
137.5
281.5
223.4
94.9
128.4
271.8
5
6
7
353.6
237.3
95.5
300.6
190.5
85.3
313.7
201.5
96.3
291.4
183.2
80.6
260.5
156.3
67.6
266.5
155.8
64.3
257.2
152.0
60.6
8
141.9
104.8
104.4
102.4
88.6
91.6
91.6
9
10
116.3
51.8
110.1
48.9
112.1
50.5
108.2
48.1
104.3
44.9
111.1
47.9
105.5
45.6
11
12
13
14
15
64.5
142.6
215.6
82.7
132.9
61.2
99.9
171.5
71.2
100.2
61.6
110.0
183.3
78.2
105.0
60.1
93.7
168.5
74.1
94.2
59.4
65.5
132.5
54.5
78.0
63.2
42.3
101.9
42.8
59.0
59.9
42.5
112.6
51.7
60.8
16
17
108.8
24.9
81.7
19.1
85.8
19.9
76.4
18.4
60.0
17.9
46.6
12.6
50.3
11.1
18
19
-73.2
-33.1
-72.4
-33.5
-73.9
-34.2
-75.6
-35.6
-68.2
-31.0
-62.0
-28.0
-73.8
-32.0
20
-40.1
-38.9
-39.7
-40.0
-37.2
-34.0
-41.9
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
15.4
3.8
11.6
-95.2
59.8
31.4
28.5
155.0
75.8
79.3
-7.9
-4.6
-3.5
-2.7
-0.8
-1.1
-3.2
-2.9
-2.2
-0.8
-0.3
-0.8
15.3
3.5
11.8
-73.3
63.7
36.6
27.1
136.9
75.3
61.7
-9.0
4.4
5.9
4.0
1.9
-1.7
-13.6
-13.0
-14.1
1.0
-0.5
0.7
15.4
3.4
12.0
-82.6
65.0
37.4
27.7
147.6
75.8
71.9
-16.3
-7.1
-4.2
-4.4
0.3
-2.9
-9.2
-8.9
-12.2
3.2
-0.3
0.0
17.3
3.5
13.8
-67.2
68.3
39.4
28.9
135.5
78.0
57.5
-1.8
14.6
14.3
11.4
3.0
-0.1
-16.7
-18.0
-21.2
3.1
1.4
1.4
12.7
3.5
9.2
-57.3
57.0
32.9
24.1
114.3
71.3
43.1
-0.7
13.7
15.0
14.0
1.0
-2.1
-14.5
-12.5
-9.6
-2.8
-1.9
1.2
10.6
3.1
7.6
-36.2
33.6
17.5
16.0
69.8
40.7
29.0
-63.6
-27.4
-23.3
-17.7
-5.6
-3.1
-36.2
-28.6
-21.4
-7.0
-7.7
-3.1
8.8
2.6
6.2
-35.1
31.2
17.2
14.0
66.3
37.7
28.6
-47.1
-13.2
-14.1
-11.8
-2.2
2.0
-33.8
-35.8
-31.3
-4.4
3.2
-2.7
43
511.3
415.3
438.7
402.1
337.4
315.7
305.1
44
45
46
191.5
104.8
99.1
153.2
99.9
88.8
164.3
98.4
102.1
151.0
106.8
87.5
114.7
86.5
71.5
89.6
41.6
67.4
102.3
48.8
67.8
1. Consists of used light trucks only.
2. Consists of final sales and change inprivate inventories of newautos assembled inthe U States.
nited
3. Consists of sales of im
ported newautos in personal consum
ption expenditures, in private fixed investm and in
ent,
gross governm investm
ent
ent.
Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 currentdollar value of the corresponding series, divided by 100. Because the form for the chain-type quantity indexes uses
ula
w
eights of m than one period, the corresponding chained-dollar estimates are usuallynot additive. The residual line is
ore
the difference between the first lineand the sumof the m detailed lines, excludingthe lines inthe addenda.
ost
D -4 8
A ugust 2 0 0 9
Industry Data
E. In d u stry Table
The statistics in this table were published in tables 3a and 5a in “Annual Industry Accounts: Advance Statistics on GDP
by Industry for 2008” in the May 2009 S u r v e y o f C u r r e n t B u s in e s s .
Table E.1. Percent C hang es in C hain-Type Q uantity and Price Indexes for Value A dded by Indu stry for 2 0 0 6 -2 0 0 8
L
ine
Chain-type
quantity indexes
Chain-type
price indexes
Line
2006 2007 2008 2006 2007 2008
1
Gross domestic product...................................
? Private industries..................................................
3 Agriculture, forestry, fishing, and hunting...............
4
Farms............................................................
5
Forestry, fishing, and related activities.....................
6 Mining..............................................................
7
O and gas extraction.........................................
il
8
M
ining, except oil and gas...................................
9
Support activities for mining.................................
10 Utilities.............................................................
1 Construction......................................................
1
12 Manufacturing....................................................
13
Durable goods..................................................
14
W products.....
ood
15
Nonmetallic mineral products............................
16
Primary metals.....
17
Fabricated metal products................................
18
M
achinery............
19
Computer and electronic products......................
20
Electrical equipment, appliances, and components
21
M vehicles, bodies and trailers, and parts........
otor
22
Other transportation equipment.........................
23
Furniture and related products..........................
24
M
iscellaneous manufacturing............................
2b
Nondurable goods.............................................
26
Food and beverage and tobacco products............
27
Textile m and textile product mills....................
ills
28
Apparel and leather and allied products...............
29
Paper products..............................................
30
Printing and related support activities..................
31
Petroleum and coal products.............................
32
Chemical products...........
33
Plastics and rubber products
34 Wholesale trade...................
35 Retail trade........................................................
36 Transportation and warehousing...........................
37
A transportation..............................................
ir
38
Rail transportation..............
39
W transportation............
ater
Truck transportation............
40
41
Transit and ground passenger transportation............
42
Pipeline transportation........................................
43
Other transportation and support activities..............
44
Warehousing and storage.....
45 Information.........................
46
Publishing industries (includes software).................
4/
M picture and sound recording industries..........
otion
48
Broadcasting and telecommunications....................
49
Inform and data processing services................
ation
2.8 2.0
3.1 2.1
-b.3 6.9
-ti.y 9./
U -2.3
.3
7.4 0.1
3.9 -3.7
2.3 -3.6
2b.1 13.8
1.1 1.2
-4.1 -11.2
5.5 2.9
81 48
-6.7 6.1
-2.0 -6.3
-4 5 -? 6
61 ? 8
67 3 5
25.0 19.9
12.4 -0.3
15 3 47
5.7 8.6
3.3 -6.1
4.5 2.5
2.1 0.4
4.b 9.0
-9.4 -7.2
-2.0 -4.3
8.5 -11.4
1.7 1.8
-12.6 -17.5
11.0 3.3
-12.5 3.7
0.6 0.8
5.6 4.5
2.1 2.5
0.3 10.7
5.0 -0.2
19.1 11.1
0.8 3.4
-1.1 3.3
-0.8 1.0
2.3 -2.9
3.1 4.0
2.7 8.1
-7.2 3.7
-0.5 4.9
6.0 7.1
12.2 25.5
1.1 3.2
0.6 3.0
-0.b -3.7
-6.0
4.1
-0.8 9.2
2.7
14.9
28.2
1.9 12.6
-5.6 11.3
-2.7 1.0
-1 3 -1 6
-5.8
11.6
179
03
04
-13.6
6.3
-13 2
2.9
2.1
-0.8
-4.6 4.5
-3.8
3.2
-0.3
4.5
0.9
18.8
5.5
11.4
-1.5 6.4
-0.5 -0.5
-3.7 4.1
3.8
10.7
-9.0
2.6
3.8
20.8
4.4
1.8
5.2 -2.3
1.0
1.9
-3.7
-5.6
2.7 2.2
2.5 2.4
29.1 -b.6
3/.4
2.y
4.7 19.3
6.5
8.8
-2.6
2.0 6.7
6.4 0.9
-0.4 4.1
-?? 05
-12.2
0.2
10
37
1 fi
-15.5
6.0
-4 4
1.0
2.9
0.6
2.1 9.1
0.1
-1.9
0.8
0.4
-1.0
15.9
2.2
-2.4
3.3 3.2
-1.5 -0.3
2.5 5.8
-0.8
4.3
-11.0
0.7
2.2
4.8
6.9
3.7
-3.1 0.9
-0.4
-3.4
0.8
-24.8
1. Consists of agriculture, forestry, fishing, and hunting; m construction; and m
ining;
anufacturing.
2. Consists of utilities; w
holesale trade; retail trade; transportation and w
arehousing; inform
ation; finance, insurance,
real estate, rental, and leasing; professional and business services; educational sen/ices, health care, and social assis-
50
51
Finance, insurance, real estate, rental, and leasing.............
Finance and insurance...............................................
Federal Reserve banks, credit intermediation, and related
5?
activities.............................................................
53
Securities, commodity contracts, and investments............
54
Insurance carriers and related activities..........................
55
Funds, trusts, and other financial vehicles......................
56
Real estate and rental and leasing................................
57
Real estate.............................................................
58
Rental and leasing services and lessors of intangible assets
59 Professional and business services.................................
60
Professional, scientific, and technical services...............
61
Legal services.........................................................
62
Computer systems design and related services...............
63
M
iscellaneous professional, scientific, and technical services
64
Management of companies and enterprises...................
6b
Administrative and waste management services.............
66
Adm
inistrative and support services..............................
6/
Waste management and remediation services.................
68 Educational services, health care, and social assistance
69
Educational services..................................................
70
Health care and social assistance.................................
71
A bulatory health care services..................................
m
72
Hospitals and nursing and residential care facilities...........
73
Social assistance.....................................................
74 Arts, entertainment, recreation, accommodation, and food
services...................................................................
75
Arts, entertainment, and recreation..............................
Perform arts, spectator sports, museums, and related
ing
76
activities.............................................................
77
Amusements, gambling, and recreation industries............
78
Accommodation and food services..............................
Accommodation......................................................
79
80
Food services and drinking places................................
81 Other services, except government..................................
82 Government....................................................................
83 Federal.......................................................................
84
General government.....................................................
85
Government enterprises...............................................
86 State and local.............................................................
8/
General government.....................................................
88
Government enterprises...............................................
Addenda:
89 Private goods-producing industries1....................................
90 Private services-producing industries2.................................
91 Information-communications-technology-producing industries3....
Chain-type
quantity indexes
Chain-type
price indexes
2006 2007 2008 2006 2007 2008
4.1 2.0 -0.1 2.1 2.6 1.4
6.3 0.1 -3.0 0.9 2.8 0.6
1?
167
10.3
-15.6
2.7
?n
12.4
3.4
5.8
-1.6
11.2
6.9
-1.4
1.0
1.8
-6./
3?
1.8
3.4
5.4
0.6
4.?
3.4
4.1
-49
84
3.9
-22.4
3.3
34
2.9
4.3
7.1
-1.8
10.2
9.2
-2.2
2.1
2.1
1.4
?1
3.2
1.9
2.4
0.6
5,0
1.8
5.5
8.7
0.2
1.2
44
3.5
4.6
1.7 1.7
1.9 2.0
4.6 0.2
3.7 3.3
3.2 1.7
3.4 0.8
3.1 2.1
-0.4 0.4
0.5 1.3
-0.1 0.6
-0.1 0.7
-0.2 -0.3
0.8 1.7
0.9 1.6
0.1 2.8
1.5
0.3
2.0
3.0
1.5
34
-3 7
1.0
-12.8
2.8
29
2.1
3.5
2.4
6.0
1.6
1.4
6.0
4.b
4.6
3.8
?5
4.7
2.2
1.0
4.0
16
??
34
2.6
18.7
?4
25
2.3
3.7
1.1
7.7
0.8
-0./
12.3
4.6
4.6
4.3
3.8
3.6
3.8
4.1
4.1
08
1.9
1.1
0.0
4.4
1.b
2.0
3.1
1.8
3.8 4.1 2.8
3.2 3.6 2.7
3.6
2.8
4.0
3.7
4.1
4.6
4.6
5.3
5.1
6.1
4.3
4.2
5.0
5.0
2.3
4.3
5.5
3.7
5.0
4.3
4.4
4.5
3.8
4.3
4.3
3.7
2.8
3.3
3.5
2.8
3.9
2.7 -0.7 -3.0 4.0 3.2 4.4
3.2 2.9 1.6 2.7 2.4 1.8
9.3 13.0 9.0 -4.1 -8.0 -4.8
tance; arts, entertainm recreation, accom odation, and food services; and other services, except governm
ent,
m
ent.
3. Consists of com
puter and electronic products; publishing industries (includes softw inform
are);
ation and data
processing services; and com systems design and related services.
puter
D -4 9
A u gu st 2 0 0 9
International Data
F. Transaction s Tables
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.
Table F.1. U.S. International Transactions in G oods and Services
[M
illions of dollars, monthly estimates seasonally adjusted]
2007
Exports of goods and services.................................
Goods...............................................................
Foods, feeds, and beverages................................
Industrial supplies and materials............................
Capital goods, except automotive..........................
A otive vehicles, parts, and engines..................
utom
Consumer goods (nonfood), except automotive.........
Other goods.....................................................
Adjustments 1...................................................
Services.............................................................
Travel.............................................................
Passenger fares................................................
Other transportation...........................................
Royalties and license fees....................................
Other private services........................................
Transfers under U m
.S. ilitary agency sales contracts 2
U.S. Government miscellaneous services.................
Imports of goods and services.................................
Goods...............................................................
Foods, feeds, and beverages................................
Industrial supplies and materials............................
Capital goods, except automotive..........................
A otive vehicles, parts, and engines..................
utom
Consumer goods (nonfood), except automotive.........
Other goods....
Adjustments 1.
Services.........
Travel..........
Passenger fares
Other transporlation
Royalties and license fees....................................
Other private services
Direct defense expenditures 2...............................
U Government miscellaneous services.................
.S.
Memoranda:
Balance on goods.................................................
Balance on services..............................................
Balance on goods and services................................
1,643,168
1,138,384
84,264
316,377
433,019
121,264
145,975
47,300
-9,815
504,784
97,050
25,636
51,550
83,824
220,077
25,436
1,212
2,344,590
1,969,375
81,683
634,746
444,508
259,239
474,552
62,234
12,413
375,215
76,354
28,437
67,100
24,656
141,664
32,820
4,184
2008
1,826,596
1,276,994
108,349
388,033
457,655
121,451
161,292
50,662
-10,448
549,602
110,090
31,623
58,945
91,599
233,529
22,571
1,245
2,522,532
2,117,245
88,997
779,481
453,743
233,764
481,643
66,013
13,605
405,287
79,743
32,597
72,143
26,616
153,267
36,452
4,469
2008
June
July
A
ug.
Sept.
Oct.
N
ov.
D
ec.
Jan.
Feb.
M
arch
A
pril
M r
ay
June p
156,631
109,523
9,470
34,238
38,404
10,228
13,467
4,329
-612
47,108
9,621
2,637
5,219
7,746
19,753
2,029
102
217,158
183,232
7,580
67,977
39,368
20,390
41,513
5,516
888
33,926
6,769
2,669
6,192
2,178
12,766
2,988
364
161,628
114,384
10,033
36,723
39,378
10,751
13,986
4,267
-753
47,244
9,454
2,821
5,284
7,757
19,887
1,938
103
221,805
187,603
7,438
73,220
38,538
20,459
41,438
5,589
921
34,202
6,715
2,769
6,223
2,198
12,875
3,055
367
164,427
117,227
9,959
37,850
40,084
11,471
14,555
4,239
-932
47,201
9,786
2,780
5,299
7,718
19,770
1,745
103
229,318
194,475
7,518
79,901
38,743
20,268
40,966
5,905
1,174
34,843
6,644
2,828
6,375
2,273
13,095
3,255
372
161,653
114,661
9,895
37,000
40,379
10,251
13,856
4,495
-1,216
46,992
9,795
2,844
5,287
7,693
19,529
1,741
104
222,565
186,840
7,751
73,407
37,999
19,316
41,954
5,630
784
35,725
6,707
2,778
6,317
3,156
13,108
3,282
377
151,984
106,025
9,006
32,358
37,615
10,153
13,469
4,034
-610
45,960
9,254
2,630
5,035
7,659
19,641
1,634
106
212,124
177,687
7,561
65,894
38,447
18,564
40,090
5,610
1,522
34,437
6,497
2,737
6,232
2,215
13,129
3,247
381
149,708
103,831
8,345
31,413
37,538
9,990
13,302
4,172
-929
45,877
9,165
2,650
4,646
7,700
19,799
1,809
108
209,097
175,224
7,648
66,084
37,206
17,918
40,061
5,449
858
33,873
6,537
2,816
6,009
2,079
13,002
3,040
390
141,525
97,545
7,886
27,574
36,360
9,204
13,180
4,318
-978
43,980
8,415
2,564
4,351
7,585
19,213
1,743
109
184,772
151,813
7,371
48,849
35,367
16,714
37,356
5,390
767
32,959
6,514
2,830
5,461
2,001
12,800
2,964
389
132,919
89,193
7,116
23,192
35,119
8,083
12,551
3,992
-860
43,726
8,598
2,682
4,185
7,400
19,008
1,743
109
174,777
142,352
7,165
43,591
34,140
15,230
36,697
5,113
417
32,425
6,500
2,711
5,297
1,928
12,696
2,909
385
124,950
82,444
7,149
22,196
33,174
5,578
11,384
3,680
-716
42,506
8,259
2,505
3,617
7,341
18,981
1,698
104
161,532
130,046
6,904
38,461
31,893
11,494
36,149
4,729
418
31,486
6,345
2,540
4,819
1,863
12,681
2,871
367
126,422
84,356
7,149
22,231
33,343
5,968
12,762
3,736
-832
42,066
8,046
2,331
3,580
7,304
18,964
1,737
104
152,501
121,569
6,712
34,307
30,123
10,231
34,595
5,247
354
30,932
6,246
2,435
4,537
1,843
12,649
2,859
363
123,931
82,574
7,346
22,399
31,931
5,996
12,352
3,611
-1,060
41,357
7,539
2,140
3,429
7,282
19,092
1,772
104
152,463
121,796
6,797
34,503
29,559
10,620
35,151
4,735
430
30,667
6,039
2,273
4,590
1,825
12,710
2,869
360
121,410
80,003
7,634
21,147
30,876
5,832
11,878
3,401
-766
41,407
7,597
2,157
3,513
7,258
18,970
1,808
104
150,200
119,925
6,724
33,716
28,643
10,467
35,546
4,421
408
30,275
5,961
2,161
4,319
1,809
12,762
2,903
360
123,356
82,080
7,889
23,190
30,981
5,390
12,100
3,515
-985
41,276
7,512
2,083
3,480
7,248
18,998
1,850
106
149,322
119,311
6,782
33,058
28,912
10,156
35,501
4,590
311
30,011
5,748
2,175
4,212
1,801
12,847
2,864
364
125,784
83,960
8,140
24,344
31,422
5,460
12,074
3,492
-972
41,824
7,672
2,186
3,602
7,242
19,176
1,837
108
152,792
122,359
6,861
36,940
28,838
11,015
33,807
4,651
247
30,433
5,854
2,244
4,265
1,795
12,971
2,933
371
-830,992 -840,252 -73,709 -73,220 -77,248 -72,179 -71,662 -71,393 -54,269 -53,159 -47,602 -37,212 -39,222 -39,922 -37,231 -38,399
129,569 144,315 13,182 13,043 12,357 11,267 11,523 12,004 11,021 11,301 11,020 11,134 10,690 11,132 11,265 11,391
-701,423 -695,937 -60,528 -60,177 -64,891 -60,913 -60,140 -59,389 -43,247 -41,858 -36,582 -26,078 -28,532 -28,790 -25,966 -27,008
p Prelim
inary
r Revised
1. R
eflects adjustm necessary to bring Census Bureau data in line w the concepts and definitions used by B A
ents
ith
E
2009
M
ay
to prepare international and national accounts,
2. Contains goods that cannot be separately identified.
Source: B
ureau of Econom A
ic nalysis and Census B
ureau.
D -5 0
In te rn a tio n a l D a ta
A u gu st 2 0 0 9
Table F.2. U.S. International Transactions
[M
illions of dollars]
N seasonally adjusted
ot
L
ine
(C
redits + debits -)
;
2007
2008
Seasonally adjusted
2008
2009
2008
2009
I
Current account
1 Exports of goods and services and income receipts..................................
2 Exports of goods and services............................................................
3
G
oods, balance of paym basis....................................................
ents
4
Services...................................................................................
5
Transfers under U . m agency sales contracts.............................
.S ilitary
6
Travel...................................................................................
7
Passenger fares
O transportation..................................................................
ther
8
9
R
oyalties and license fees...........................................................
Other private services................................................................
10
1
1
U . governm m
.S
ent iscellaneous services..........................................
12 Incom receipts...............
e
13
Incom receipts on U
e
.S.-ow assets abroad......................................
ned
14
D investm receipts...........................................................
irect
ent
15
O private receipts...
ther
U governm receipts............................................................
.S.
ent
16
17
Com
pensation of employees...........................................................
18 Imports of goods and services and income payments................................
ports
1 Im of goods and services............................................................
9
20
G
oods, balance of paym basis....................................................
ents
2
1
Services....................
22
D defense expenditures.........................................................
irect
Travel...................................................................................
23
Passenger fares.......
24
O transportation
ther
25
Royalties and license fees...........................................................
26
27
O private services..
ther
U governm m
.S.
ent iscellaneous services..........................................
28
e
29 Incom payments...........................................................................
Incom paym on foreign-ow assets inthe U States..................
e
ents
ned
nited
30
D investm paym
irect
ent
ents
3
1
32
O private payments.........
ther
U governm paym
.S.
ent
ents
33
34
Com
pensation of em
ployees
35 Unilateral current transfers, net......
.S.
ent
36 U governm grants...............
37 U governm pensions and other transfers..........................................
.S.
ent
Private rem
ittances and other transfers..................................................
38
Capital account
39 Capital account transactions, net..........................................................
Financial account
.S.-ow assets abroad, excluding financial derivatives (increase/financial
ned
40 U
outflow(-))..................................................................................
41 U . o
.S fficial reserve assets.................................................................
42
Gold...............
Special draw rights...................................................................
ing
43
44
Reserve position inthe International M
onetary Fund................................
45
Foreigncurrencies.......................................................................
.S.
ent
46 U governm assets, other than official reserve assets............................
47
U . credits and other long-termassets............
.S
48
Repaym on U . credits and other long-termassets...........................
ents .S
49
U . foreign currency holdings and U . short-termassets.........................
.S
.S
50 U private assets.......................................
.S.
D investment......................................
irect
5
1
52
Foreign securities.....................................
U . claim on unaffiliatedforeigners reported by U . nonbanking concerns
.S
s
.S
53
54
U . claim reported by U banks, not included elsewhere........................
.S
s
.S.
55 Foreign-owned assets in the U States, excluding financial derivatives
nited
(increase/financial inflow(+))............................................................
nited
56 Foreign official assets inthe U States...............................................
57
U . governm securities........
.S
ent
U Treasury securities.........
.S.
58
Other.............................
59
60
O U . governm liabilities...
ther .S
ent
U . liabilities reported by U banks, not included elsewhere.....................
.S
.S.
6
1
62
O foreign official assets.......
ther
ther
nited
63 O foreign assets inthe U States................................................
D investment...................
irect
64
65
U . Treasury securities............
.S
66
U securities other than U Treasury securities...................................
.S.
.S.
67
U currency............................’...............................................
.S.
68
U . liabilities to unaffiliatedforeigners reported byU nonbanking concerns....
.S
.S.
U . liabilities reported by U . banks, not included elsewhere.....................
.S
.S
69
70 Financial derivatives, net....................................................................
7 Statistical discrepancy (sumof above items w sign reversed)...................
1
ith
ent
71a Of which: Seasonal adjustm discrepancy............................................
M
emoranda:
72 Balance on goods (lines 3and 20)
....................................................
73 Balance on services (lines 4 and 21) ....................................................
74 Balance on goods and services (lines 2 and 19)...........................................
e
75 Balance on incom (lines 12and 29)
nilateral current transfers, net (line 35)
76 U
77 Balance on current account (lines 1,18, and 35 or lines 74,75, and 76)...............
p Prelim
inary
r Revised
I
I
III
IV
Ip
I
I
I
III
IV
Ip
2,462,099
1,643,168
1,138,384
504,784
25,436
97,050
25,636
51,550
83,824
220,077
1,212
818,931
815,960
363,247
450,480
2,233
2,971
-3,072,675
-2,344,590
-1,969,375
-375,215
-32,820
-76,354
-28,437
-67,100
-24,656
-141,664
-4,184
-728,085
-718,019
-126,532
-427,159
-164,328
-10,066
-115,996
-34,437
-7,323
-74,236
2,591,233
1,826,596
1,276,994
549,602
22,571
110,090
31,623
58,945
91,599
233,529
1,245
764,637
761,593
370,747
385,940
4,906
3,044
-3,168,938
-2,522,532
-2,117,245
-405,287
-36,452
-79,743
-32,597
-72,143
-26,616
-153,267
-4,469
-646,406
-636,043
-120,862
-349,871
-165,310
-10,364
-128,363
-36,003
-8,390
-83,970
645,378
443,619
311,581
132,038
6,226
24,065
7,078
14,183
21,563
58,624
299
201,760
200,996
97,256
103,024
716
764
-767,973
-603,146
-509,145
-94,001
-8,769
-17,462
-7,296
-17,232
-6,390
-35,768
-1,083
-164,827
-162,272
-25,889
-94,416
-41,967
-2,555
-33,906
-10,335
-1,680
-21,891
678,730
477,608
337,116
140,492
5,931
29,099
7,735
15,519
25,195
56,707
307
201,122
200,355
102,871
96,756
727
767
-837,977
-664,059
-558,740
-105,319
-8,986
-22,972
-8,722
-18,870
-6,398
-38,279
-1,092
-173,918
-171,483
-41,603
-87,061
-42,819
-2,434
-30,428
-7,893
-2,014
-20,521
672,971
478,003
334,254
143,749
5,120
32,831
9,104
15,796
21,682
58,902
313
194,969
194,204
95,752
97,196
1,256
765
-846,599
-684,619
-576,158
-108,461
-9,784
-22,410
-8,784
-19,483
-7,493
-39,377
-1,130
-161,980
-159,471
-29,903
-88,504
-41,064
-2,509
-32,052
-8,568
-1,538
-21,946
594,153
427,366
294,043
133,324
5,295
24,095
7,705
13,447
23,160
59,296
326
166,787
166,038
74,868
88,964
2,206
749
-716,389
-570,708
-473,202
-97,506
-8,913
-16,899
-7,795
-16,558
-6,334
-39,843
-1,164
-145,681
-142,816
-23,466
-79,890
-39,460
-2,866
-31,977
-9,207
-3,158
-19,612
501,443
367,753
244,070
123,683
5,208
21,137
6,582
10,442
20,828
59,174
312
133,690
132,944
61,490
68,994
2,460
747
-554,744
-441,232
-353,710
-87,522
-8,599
-16,121
-6,686
-12,976
-5,527
-36,524
-1,089
-113,512
-111,007
-8,603
-65,905
-36,499
-2,505
-30,143
-7,350
-1,816
-20,977
654,217
451,290
315,637
135,653
6,226
27,072
7,522
14,541
22,633
57,359
299
202,927
202,163
98,426
103,024
713
764
-800,185
-633,943
-534,482
-99,461
-8,769
-20,235
-7,868
-17,956
-6,427
-37,122
-1,083
-166,241
-163,652
-27,269
-94,416
-41,967
-2,590
-33,330
-10,335
-2,082
-20,913
671,886
473,090
332,876
140,214
5,931
28,005
7,950
15,601
23,212
59,209
307
198,796
198,028
100,538
96,756
735
767
-828,458
-655,937
-554,372
-101,565
-8,986
-20,109
-8,029
-18,496
-6,537
-38,315
-1,092
-172,521
-169,951
-40,071
-87,061
-42,819
-2,571
-31,147
-7,893
-2,097
-21,157
673,383
478,064
337,912
140,152
5,120
28,835
8,254
15,621
23,069
58,940
313
195,319
194,554
96,047
97,196
1,311
765
-825,200
-664,006
-559,002
-105,004
-9,784
-19,848
-8,343
-18,924
-7,644
-39,331
-1,130
-161,194
-158,618
-29,050
-88,504
-41,064
-2,576
-32,361
-8,568
-2,100
-21,693
591,747
424,151
290,569
133,583
5,295
26,178
7,896
13,182
22,685
58,021
326
167,596
166,847
75,736
88,964
2,147
749
-715,096
-568,646
-469,389
-99,257
-8,913
-19,551
-8,357
-16,767
-6,007
-38,498
-1,164
-146,450
-143,823
-24,473
-79,890
-39,460
-2,627
-31,527
-9,207
-2,113
-20,207
509,571
375,304
249,374
125,930
5,208
23,844
6,976
10,625
21,928
57,036
312
134,267
133,520
62,052
68,994
2,474
747
-581,489
-466,493
-373,411
-93,083
-8,599
-18,630
-7,248
-13,945
-5,532
-38,040
-1,089
-114,996
-112,446
-10,042
-65,905
-36,499
-2,550
-29,576
-7,350
-2,274
-19,952
-1,895
953
-€37
-682
2,967
-695
-690
-637
-682
2,967
-695
-690
-1,472,126
-122
0
-154
1,021
-989
-22,273
-2,475
4,104
-23,902
-1,449,731
-398,597
-366,524
-40,517
-644,093
22,567 132,217 119,231 -251,501 107,343
-106 -258,949 104,059
29,322 114,730 125,241
-179
-3,126
-982
-4,848
-276
-1,267
-276
-1,267
-179
-3,126
-982
0
0
0
0
0
0
0
0
0
0
0
-30
-25
-106
-29
-22
-15
-29
-22
-30
-25
-15
-754
-3,473
112
-955
256
-2,886
112
-955
-2,886
-754
256
-1,269
-359
-290
-405
-215
-213
-359
-290
-215
-213
-405
-529,615
3,268 -41,592 -225,997 -265,293 244,078
3,268 -41,592 -225,997 -265,293 244,078
-2,202
-475
-442
-232
-442
-232
-179
-1,106
-179
-1,106
-475
672
2,354
490
497
695
489
497
672
490
695
489
-529,766
2,957 -40,983 -226,217 -265,523 243,821
2,957 -40,983 -226,217 -265,523 243,821
534,357 -261,941 146,918 248,743 400,637 -123,865 -254,493 150,202 255,498 383,150 -117,855
-332,012 -97,240 -106,903 -60,870 -66,999 -29,965 -89,792 -103,619 -54,115 -84,486 -23,955
79,182
70,015 -35,253 -47,870 -40,566
60,761 -47,870 -40,566
70,015 -35,253
79,182
87,352 103,739
372,229 116,232
32,217 116,232
32,217
64,906
64,906
87,352 103,739
433,379 -233,063 229,481 143,079 293,882 -90,864 -233,063 229,481 143,079 293,882 -90,864
2,129,460
480,949
269,897
98,432
171,465
5,342
109,019
96,691
1,648,511
275,758
66,807
605,652
-10,675
201,681
509,288
6,222
64,912
534,071
487,021
543,498
477,652
65,846
8,626
-153,443
88,340
47,050
319,737
196,619
-126,737
29,187
-45,167
-326,589
-28,905
200,055
425,368
4,205 120,270 -15,772 -79,218
71,182
208,646 178,826 115,573 -16,024
185,239 169,365 105,920
82,974 118,565
106,005
76,220 116,479 178,948 118,309
79,234
93,145 -10,559 -95,974
256
1,645
2,439
1,642
2,900
2,927
9,797 -109,370 -51,811
-24,173 -29,697
-1,786
7,472
1,501
45,935
36,719
4,697
216,722 -174,621
252 -150,400
65,128
92,918
58,783 102,908
34,206
80,049
56,892
16,127
18,947
81,496
-15,179
19,983 -102,512 -29,029 -54,900
29,862
-6,750
5,845
11,816
230
73,211 -54,996
76,442 -139,824 -34,701
90,530 -261,693 -120,255 -35,171 -163,713
-4,075 -14,509
n.a.
-7,966
-2,355
-1,315
84,447
63,951
52,972
44,122
426,058
2,003 117,897 -11,888 -78,149
208,646 178,826 115,573 -16,024
71,182
82,974 118,565
185,239 169,365 105,920
106,005
76,220 116,479 178,948 118,309
79,234
93,145 -10,559 -95,974
256
1,645
2,439
1,642
2,900
2,927
-24,173 -29,697
9,797 -109,370 -51,811
45,935
36,719 -1,786
7,472
1,501
217,412 -176,823
2,324
4,136 -149,331
96,802
59,473 100,706
62,755
35,275
16,127
56,892
18,947
80,049
81,496
-15,179
19,983 -102,512 -29,029 -54,900
29,862
-6,750
11,816
230
5,845
73,211 -54,996
76,442 -139,824 -34,701
90,530 -261,693 -120,255 -35,171 -163,713
-7,966
-2,355
-4,075 -14,509
n.a.
13,344
81,410
38,067
67,236
55,093
14,264
10,971
14,659
-3,037 -25,884
-830,992
129,569
-701,422
90,845
-115,996
-726,573
-840,252 -197,564 -221,624 -241,904 -179,160 -109,640 -218,846 -221,496 -221,090 -178,820 -124,036
38,037
35,287
36,192
38,649
32,847
144,316
35,173
35,818
36,161
35,148
34,326
-695,936 -159,527 -186,451 -206,617 -143,341 -73,479 -182,653 -182,847 -185,942 -144,495 -91,189
118,231
36,933
27,204
32,989
21,105
20,178
26,274
21,146
19,271
36,686
34,125
-128,363 -33,906 -30,428 -32,052 -31,977 -30,143 -33,330 -31,147 -32,361 -31,527 -29,576
-706,068 -156,501 -189,674 -205,680 -154,213 -83,444 -179,298 -187,719 -184,178 -154,875 -101,494
A u gu st 2 0 0 9
Su r v ey
of
C u r r e n t B usin ess
D -5 1
Table F.3. U.S. International Transactions, by A rea— Continues
[M
illions of dollars]
Line
(Credits +; debits -)
Current account
1 Exports of goods and services and income receipts.................................................
2 Exports of goods and services..............................................................................
Goods, balance of payments basis.....................................................................
3
4
Services......................................................
Transfers under U m
.S. ilitary agency sales contracts
5
6
Travel........................................................
7
Passenger fares..........................................
Other transportation....................................................................................
8
9
Royalties and license fees.............................................................................
10
Other private services..................................................................................
1
1
U government miscellaneous services..........................................................
.S.
12 Incom receipts.................................................................................................
e
13
Incom receipts on U.S.-owned assets abroad.......................................................
e
14
D investment receipts
irect
15
Other private receipts
16
U government receipts
.S.
17
Compensation of employees
18 Imports of goods and services and income payments...............................................
19 Imports of goods and services..............................................................................
20
Goods, balance of payments basis.....................................................................
21
Services......................................................................................................
22
D defense expenditures...........................................................................
irect
23
Travel.........
24
Passenger fares
25
Other transportation
26
Royalties and license fees
27
Other private services..................................................................................
28
U government miscellaneous services..........................................................
.S.
29 Income payments..............................................................................................
30
Income payments on foreign-owned assets in the U States.................................
nited
31
Direct investment payments...........................................................................
32
Other private payments................................................................................
33
U government payments............................................................................
.S.
34
Compensation of employees.............................................................................
35 Unilateral current transfers, net...........
36 U government grants.....................
.S.
37 U government pensions and other transfers
.S.
38 Private remittances and other transfers.
Capital account
39 Capital account transactions, net...........................................................................
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
41 U official reserve assets...................................................................................
.S.
42
Gold............................................................................................................
4T
Special drawing rights.....................................................................................
44
Reserve position in the International M
onetary Fund...............................................
45
46 U government assets, other than official reserve assets...........................................
.S.
47
U credits and other long-term assets................................................................
.S.
48
Repayments on U credits and other long-term assets...........................................
.S.
49
U foreign currency holdings and U short-term assets.........................................
.S.
.S.
50 U private assets.............................................................................................
.S.
D investment............................................................................................
irect
51
52
Foreign securities...........................................................................................
53
U claims on unaffiliated foreigners reported by U nonbanking concerns..................
.S.
.S.
54
U claims reported by U banks, not included elsewhere......................................
.S.
.S.
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))...........................................................................................
56 Foreign official assets in the U
nited States
57
U government securities............
.S.
58
U Treasury securities.............
.S.
Other....................................
59
60
Other U government liabilities........................................................................
.S.
61
U liabilities reported by U banks, not included elsewhere....................................
.S.
.S.
62
Other foreign official assets.....................
63 Other foreign assets in the U
nited States........
64
D investment..................................
irect
65
U Treasury securities.........................
.S.
66
U securities other than U Treasury securities
.S.
.S.
67
U currency.......................................
.S.
68
U liabilities to unaffiliated foreigners reported by U nonbanking concerns...............
.S.
.S.
69
U liabilities reported by U banks, not included elsewhere....................................
.S.
.S.
70 Financial derivatives, net......................................................................................
71 Statistical discrepancy (sum of above items with sign reversed).................................
Memoranda:
72 B a la n c e o n g o o d s ( lin e s 3 a n d 20).............................................................................
73 B a la n c e o n s e r v ic e s ( lin e s 4 a n d 21).........................................................................
74 Balance on goods and services (lines 2 and 19)...........................................................
/b Balance on income (lines 12 and 29).........................................................................
76 Unilateral current transfers, net (line 35).....................................................................
77 Balance on current account (lines 1,18, and 35 or lines 74,75, and 76).............................
p Prelim
inary
r Revised
(* Transactions are less than $500,000 (+/-)
)
1. D not show separately; see totals inlines 56 and 63.
etails
n
European U
nion
Europe
2008:IV
2009:1 p
2008:IV
Euro area
2009:1 p
2008:IV
U
nited K
ingdom
2009:1 p
2008:IV
2009:1 p
207,946
129,393
72,885
56,508
865
8,477
2,834
5,115
13,477
25,649
91
78,553
78,442
35,751
40,985
1,706
111
-211,231
-142,286
-100,067
-42,219
-3,631
-4,194
-3,114
-6,512
-4,423
-19,747
-597
-68,945
-68,760
-18,600
-42,987
-7,173
-185
-2,816
-696
-470
-1,650
175,532
113,104
64,517
48,587
781
6,658
1,908
4,000
11,426
23,724
89
62,428
62,317
30,378
30,473
1,466
111
-167,169
-115,058
-77,619
-37,439
-3,520
-3,591
-2,714
-5,051
-3,922
-18,096
-545
-52,111
-51,922
-8,927
-36,588
-6,407
-189
-3,302
-479
-460
-2,363
179,245
111,196
62,193
49,003
519
7,719
2,620
4,535
11,055
22,481
74
68,049
67,959
29,606
36,782
1,571
90
-176,351
-121,122
-85,098
-36,024
-3,277
-3,738
-2,925
-5,700
-3,714
-16,250
-420
-55,229
-55,089
-11,194
-39,395
-4,500
-140
-1,389
-35
-438
-916
149,815
96,869
55,487
41,382
440
6,061
1,717
3,533
8,883
20,680
68
52,946
52,856
24,398
27,102
1,356
90
-141,250
-99,346
-67,210
-32,136
-3,190
-3,297
-2,572
-4,415
-3,151
-15,105
-405
-41,904
-41,760
-4,124
-33,281
-4,355
-144
-2,154
-32
-428
-1,694
122,709
76,828
46,774
30,055
242
4,210
1,420
2,615
8,595
12,925
47
45,881
45,829
24,544
20,013
1,272
51
-116,716
-87,466
-64,835
-22,631
-2,801
-2,538
-1,827
-3,443
-2,620
-9,082
-320
-29,250
-29,154
-2,792
-23,092
-3,270
-96
-1,497
-8
-331
-1,158
103,883
65,192
40,653
24,539
249
3,044
872
1,981
6,583
11,765
46
38,690
38.640
21,978
15,568
1,094
50
-93,413
-71,459
-51,208
-20,251
-2,645
-2,137
-1,616
-2,640
-2,069
-8,825
-318
-21,954
-21,856
1,449
-20,260
-3,045
-99
-2,199
-13
-350
-1,835
45,421
25,909
11,244
14,665
95
2,748
1,026
1,159
1,702
7,916
19
19,512
19,489
3,915
15,308
266
24
-47,350
-23,755
-13,043
-10,712
-450
-882
-981
-1,175
-657
-6,509
-57
-23,596
-23,566
-7,286
-15,449
-831
-30
292
0
-73
365
37,568
24,763
11,565
13,198
97
2,443
624
917
1,728
7,375
14
12,805
12,778
2,218
10,456
104
26
-37,710
-20,143
-10,519
-9,625
-475
-947
-855
-913
-677
-5,712
-45
-17,566
-17,536
-4,273
-12,287
-976
-31
263
0
-71
334
-241
-240
-130
-130
-72
-72
-16
-16
302,532
-183
0
87,564
-191
0
290,553
-152
0
82,731
-177
0
-99,967
-152
0
93,363
-177
0
400,032
0
0
-31,639
0
0
-183
-149,191
-106
134
-149,219
451,906
-32,740
45,687
65,198
373,761
-191
174,573
-10
63
174,520
-86,817
-11,788
-12,367
21,060
-83,722
-152
-144,767
-58
9
-144,718
435,472
-19,990
43,277
64,227
347,958
-177
155,519
0
3
1
155,488
-72,611
-7,657
-12,030
20,252
-73,176
-152
-116,627
0
7
-116,634
16,812
-15,850
6,008
-46,327
72,981
-177
125,663
0
27
125,636
-32,123
-14,564
-19,093
583
951
6,918
0
0
6,918
393,114
-5,680
26,130
116,161
256,503
18,119
0
0
18,119
-49,758
-1,053
5,265
22,436
-76,406
-254,543
-103,225
(1
)
(1
)
(')
1,092
(’)
(')
-151,318
74,632
12,407
17,124
n.a.
-124,329
-131,152
-8,447
-33,200
-69,312
-21,867
(1
)
(')
(')
513
(1
)
(’)
-47,445
21,632
-3,731
-2,726
n.a.
-22,403
-40,217
n.a.
-23,074
-226,742
(2
)
(2
)
(2
)
(2
)
512
(2
)
(2
)
(2
)
68,985
(2
)
5,000
n.a.
-122,480
2-178,759
-11,880
-53,306
-57,869
(2)
(2)
(2
)
(2
)
285
(2
)
(2
)
(2
)
16,544
(2
)
-4,960
n.a.
-22,608
2-47,130
n.a.
-31,142
10,585
(2)
(2)
(2
)
(2
)
200
(2
)
(2
)
(2
)
58,025
(2
)
-28,948
n.a.
-27,930
29,238
-16,493
101,451
-35,631
(2)
(2)
(2
)
(2
)
100
(2
)
(2
)
(2
)
13,947
(2)
-23,483
n.a.
2,861
2-29,056
n.a.
-65,932
-207,465
(2)
(2)
(2
)
(2
)
131
(2
)
(2
)
(2
)
8,721
(2)
40,498
n.a.
-94,436
2-162,379
5,581
-196,495
-24,669
(2)
(2)
(2
)
(2
)
142
(2
)
(2
)
(2
)
2,545
(2
)
19,433
n.a.
-25,390
2-21,399
n.a.
56,203
-27,183
14,290
-12,893
9,608
-2,816
-6,101
-13,102
11,148
-1,954
10,317
-3,302
5,061
-22,905
12,979
-9,926
12,820
-1,389
1,505
-11,723
9,246
-2,477
11,042
-2,154
6,411
-18,061
7,424
-10,638
16,631
-1,497
4,496
-10,555
4,288
-6,266
16,736
-2,199
8,271
-1,799
3,953
2,154
-4,084
292
-1,638
1,046
3,573
4,620
-4,762
263
120
2. D not show separately are included inline 69.
etails
n
3. Estim of financial derivatives for M are included in L A erica and O W
ates
exico
atin m
ther estern H isphere; and for
em
China and India, inA and Pacific. Estim forthe M East are com
sia
ates
iddle
bined w estimates for A and Pacific.
ith
sia
D -5 2
In te rn a tio n a l D a ta
A u gu st 2 0 0 9
Table F.3. U.S. International Transactions, by A rea— Continues
[M
illions of dollars]
Line
(Credits +; debits -)
2008:IV
Current account
1 Exports of goods and services and income receipts.................................................
2 Exports of goods and services.......................
Goods, balance of payments basis..............
3
4
Services...............................................
Transfers under U m
.S. ilitary agency sales contracts.............................................
5
6
Travel.......................................................................................................
Passenger fares.........................................................................................
7
Other transportation...
8
9
Royalties and license fees.............................................................................
Other private services
10
1
1
U government miscellaneous services..........................................................
.S.
e
12 Incom receipts.................................................................................................
13
Income receipts on U.S.-owned assets abroad.......................................................
14
D investment receipts..............................................................................
irect
Other private receipts...................................................................................
15
U government receipts..............................................................................
.S.
16
17
Compensation of employees.............................................................................
18 imports of goods and services and income payments...............................................
19 Imports of goods and services..............................................................................
Goods, balance of payments basis.....................................................................
20
21
Services......................................................................................................
22
D defense expenditures...........................................................................
irect
Travel....................
23
24
Passenger fares......
Other transportation..
25
26
Royalties and license fees.............................................................................
27
Other private services..................................................................................
28
U government miscellaneous services..........................................................
.S.
29 Income payments................................................
30
Income payments on foreign-owned assets in the U
nited States.................................
D investment payments...........................................................................
irect
31
Other private payments
32
U.S. government payments............................................................................
33
34
Compensation of employees.............................................................................
....................................
35 Unilateral current transfers, net
36 U government grants.......................................................................................
.S.
37 U government pensions and other transfers..........................................................
.S.
38 Private remittances and other transfers....................................................................
Capital account
39 Capital account transactions, net...........................................................................
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
41 U official reserve assets...................................................................................
.S.
Gold.........................
42
Special drawing rights...
43
Reserve position in the International M
onetary Fund...............................................
44
45
.S.
46 U government assets, other than official reserve assets...........................................
47
U credits and other long-term assets.................
.S.
48
Repayments on U credits and other long-term assets...........................................
.S.
49
U foreign currency holdings and U short-term assets.........................................
.S.
.S.
50 U private assets.............................................................................................
.S.
5
1
D investment................................................................
irect
52
Foreign securities................................................................
U claims on unaffiliated foreigners reported by U nonbanking concerns..................
.S.
.S.
53
54
U claims reported by U banks, not included elsewhere...........
.S.
.S.
Foreign-owned assets in the United States, excluding financial derivatives (increase/
55
financial inflow (+))...........................................................................................
56 Foreign official assets in the U
nited States...............................................................
57
U government securities..............
.S.
U Treasury securities...............
.S.
58
Other.......................................................................................................
59
60
Other U government liabilities..........................
.S.
61
U liabilities reported by U banks, not included elsewhere....................................
.S.
.S.
62
Other foreign official assets.................................
nited States...................
63 Other foreign assets in the U
64
Direct investment............................................................................................
U Treasury securities...........................
.S.
65
U securities other than U Treasury securities..................................................
.S.
.S.
66
U currency.........................................
.S.
6/
68
U liabilities to unaffiliated foreigners reported by U nonbanking concerns...............
.S.
.S.
U liabilities reported by U banks, not included elsewhere....................................
.S.
.S.
69
70 Financial derivatives, net......................................................................................
71 Statistical discrepancy (sum of above items with sign reversed).................................
Memoranda:
72 Balance on goods (lines 3 and 20).............................................................................
73 Balance on services (lines 4 and 21).........................................................................
74 Balance on goods and services (lines 2 and 19)...........................................................
75 Balance on income (lines 12 and 29).........................................................................
nilateral current transfers, net (line 35).....
76 U
77 Balance on current account (lines 1,18, and 35 or lines 74,75, and 76).............................
p Prelim
inary
r Revised
(* Transactions are less than $500,000 (+/-)
)
1. D not show separately; see totals inlines 56 and 63.
etails
n
LatinAmerica and Other
Western Hemisphere
Canada
79,627
68,614
58,365
10,249
143
2,577
809
882
1,432
4,387
18
11,014
10,978
4,988
5,990
0
36
-83,219
-76,157
-70,760
-5,397
-72
-1,084
-102
-1,125
-141
-2,782
-91
-7,063
-6,927
-3,568
-3,251
-108
-136
-428
0
-166
-262
2009:1 p
2008:IV
2009:1 p
65,946 129,427 103,749
58,329
75,670
93,363
47,231
69,192
54,648
21,022
11,098
24,171
147
203
169
4,674
3,450
6,672
2,164
2,003
983
1,707
1,292
740
1,483
1,923
1,863
10,937
4,276
11,482
19
54
50
7,617
36,064
28,079
7,582
36,007
28,023
2,633
14,302
12,435
15,571
4,949
21,644
0
17
60
56
35
57
-62,279 -127,739 -100,572
-57,842 -100,527 -80,501
-52,994 -82,950 -63,702
-4,848 -17,576 -16,800
-83
-65
-80
-6,552
-905
-6,010
-90
-1,085
-826
-965
-1,785
-1,480
-135
-121
-105
-2,596
-8,342
-7,603
-92
-153
-150
-4,437 -27,212 -20,071
-4,299 -25,150 -18,383
-1,235
222
755
-2,997 -20,678 -15,051
-67
-4,694
-4,087
-1,688
-138
-2,062
-696
-8,808
-7,939
0
-738
-666
-207
-166
-206
-6,994
-530
-7,937
M
exico
2008:IV
45,933
43,177
36,945
6,232
4
1,991
554
359
573
2,742
10
2,756
2,747
1,739
1,008
(*
)
9
-57,631
-54,000
-50,259
-3,741
-2
-2,371
-189
-277
-26
-827
-49
-3,631
-1,644
-134
-838
-672
-1,987
-3,461
-19
-75
-3,367
Asia and Pacific
2009:1 p
2008:IV
2009:1 p
37,244 128,212 115,028
34,782 104,216
94,683
29,056
71,853
61,084
5,726
32,363
33,599
3
2,047
1,997
1,424
5,369
5,625
790
1,656
1,545
275
4,403
3,337
626
5,781
5,577
2,598
12,983
15,399
9
123
119
2,462
23,997
20,345
2,453
23,891
20,244
1,688
12,148
9,504
764
11,368
9,865
1
375
875
9
105
101
-46,678 -237,068 -186,852
-43,497 -202,037 -156,850
-39,479 -178,052 -135,258
-4,018 -23,985 -21,592
-3
-1,819
-1,730
-2,726
-4,306
-4,245
-196
-2,780
-2,690
-266
-5,682
-4,380
-32
-1,541
-1,264
-748
-7,665
-7,100
-192
-46
-182
-3,181 -35,031 -30,002
-1,545 -34,604 -29,569
-253
-587
1,873
-8,779
-688
-7,631
-604 -25,238 -23,811
-1,636
-426
-433
-3,418
-6,000
-6,195
-12
-2,171
-1,903
-76
-244
-233
-3,330
-3,586
-4,059
Australia
2008:IV
2009:1 p
11,908
8,046
5,118
2,928
90
689
127
120
511
1,383
8
3,863
3,855
1,473
2,343
39
7
-5,599
-3,897
-2,439
-1,459
-66
-315
-233
-85
-125
-610
-25
-1,701
-1,696
-585
-938
-173
-6
-120
0
-21
-99
10,658
7,292
4,626
2,665
93
543
149
88
458
1,331
4
3,366
3,359
1,091
2,137
131
7
-4,511
-3,435
-1,991
-1,444
-55
-401
-243
-67
-123
-534
-20
-1,076
-1,070
-85
-845
-140
-6
-142
0
-22
-120
30
30
-87
-86
-63
-62
-287
-289
-8
-8
4,946
0
0
5,683
0
0
-92,800
0
0
18,863
0
0
547
0
0
-838
0
0
-78,181
-32
0
18,495
-22
0
-4,727
0
0
-3,917
0
0
-32
-1
0
0
-1
4,947
-1,585
5,916
2,233
-1,617
-22
1
153
0
-16
0
167
1
2
5,682 -92,953
-2,087 -18,453
-20
651
382
37,281
7,407 -112,432
33
-14
52
-5
18,830
-4,082
-18,160
15,460
25,612
1
1
0
10
1
536
-1,191
1,081
389
257
14 -116,218
-1
-230
1
1
292
4 -116,280
-852
38,069
-1,153
-6,316
-313
16,192
469
-748
145
28,941
69,370
-46
132
69,284
-50,852
-3,017
-1,327
-5,269
-41,239
-12,830
0
0
-12,830
8,103
557
1,175
-1,583
7,954
13,249
0
0
13,249
-17,166
-571
-8,231
-1,236
-7,128
1,121
1,507
(’)
(1
)
(')
23
(')
(')
-386
2,793
(’)
1,850
n.a.
(1
)
2,291
2,074
-4,151
-414
-1,914
(1
)
(1
)
(1
)
40
(1
)
(1
)
1,500
8,941
(')
-2,378
n.a.
n
-6,024
n.a.
-8,271
3,251
-9,117
n
C)
n
30
(’)
(’)
12,368
-1,504
n
-50,143
n.a.
n
48,470
280
96,477
-83,795
-6,924
n
160
(1
)
(1
)
-76,871
2,425
(1
)
-19,058
n.a.
(’)
-65,130
n.a.
69,780
6,449
(2
)
(2
)
(2
)
(2
)
-2
(2
)
(2
)
(2
)
-1,073
(2
)
-1,523
n.a.
-1,042
210,089
(3
)
8,227
-7,930
(2
)
(2
)
(2
)
(2
)
0
(2
)
(2
)
(2
)
703
(2
)
-239
n.a.
-115
2-8,279
n.a.
21,682
183,735
84,180
(1
)
(1
)
(’)
1,631
(')
(’)
99,555
16,052
0
2,818
n.a.
0
42,396
-8,210
17,798
60,801
103,791
(1
)
0
(1
)
1,512
(1
)
(')
-42,990
-4,140
(1
)
-28,439
n.a.
(’)
-50,964
n.a.
-988
8,746
(2
)
(2
)
(2
)
(2
)
244
)
. (2
(2)
(2
)
1,144
(2
)
-1,472
n.a.
33
28,797
-1,713
-8,488
-14,047
(2
)
(2
)
(2
)
(2
)
232
(2
)
(2
)
(2
)
1,292
(2
)
-2,330
n.a.
-308
2—
12,933
n.a.
11,967
-12,395
4,852
-7,543
3,951
-428
-4,020
-5,763
6,250
487
3,180
-696
2,971
-13,758
6,595
-7,164
8,852
-8,808
-7,120
-9,054
4,223
-4,831
8,008
-7,939
-4,762
-13,314
2,492
-10,823
-875
-3,461
-15,159
-10,423 -106,199
1,708
8,378
-8,715 -97,821
-719 -11,034
-3,418
-6,000
-12,852 -114,856
-74,174
12,007
-62,167
-9,657
-6,195
-78,019
2,679
1,470
4,148
2,161
-120
6,190
2,635
1,221
3,856
2,290
-142
6,005
( ')
(')
2. D not show separately are included inline 69.
etails
n
3. Estim of financial derivatives for M are included in L A erica and O W
ates
exico
atin m
ther estern H isphere; and for
em
China and India, inA and Pacific. Estim for the M East are com
sia
ates
iddle
bined w estimates for A and Pacific.
ith
sia
A u g u st 2 0 0 9
Su r v e y
of
C u r r e n t B u sin ess
D -5 3
Table F.3. U.S. International Transactions, by A rea— Table Ends
[M
illions of dollars]
Line
(Credits +; debits -)
Current account
1 Exports of goods and services and income receipts.................................................
2 Exports of goods and services..............................................................................
Goods, balance of payments basis.....................................................................
3
4
Services......................................................................................................
5
Transfers under U m
.S. ilitary agency sales contracts.............................................
Travel.......................................................................................................
6
Passenger fares.........................................................................................
7
Other transportation........
8
9
Royalties and license fees.
10
Other private services.....
11
U government miscellaneous services..........................................................
.S.
12 Income receipts....................
13
Income receipts on U.S.-owned assets abroad.......................................................
14
D investment receipts.
irect
15
Other private receipts.....
16
U government receipts..
.S.
17
Compensation of employees.............................................................................
18 Imports of goods and services and income payments...............................................
19 Imports of goods and services..............................................................................
Goods, balance of payments basis.....................................................................
20
21
Services.........................
22
D defense expenditures
irect
23
Travel.........................
24
Passenger fares............
Other transportation.....................................................................................
25
26
Royalties and license fees.........
27
Other private services..............
28
U government miscellaneous services
.S.
29 Income payments..........................
30
Income payments on foreign-owned assets in the U
nited States.................................
D investment payments...........................................................................
irect
31
32
Other private payments...
33
U government payments
.S.
34
Compensation of employees.
35 Unilateral current transfers, net.............................................................................
.S.
36 U government grants...................
37 U government pensions and other transfers..........................................................
.S.
38 Private remittances and other transfers.
Capital account
39 Capital account transactions, net...........................................................................
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
41 U.S. official reserve assets...................................................................................
42
Gold............................................................................................................
Special drawing rights.....................................................................................
43
44
Reserve position in the International M
onetary Fund...............................................
Foreign currencies........................................
45
46 U government assets, other than official reserve assets...........................................
.S.
47
U credits and other long-term assets..............
.S.
48
Repayments on U credits and other long-term assets...........................................
.S.
49
U foreign currency holdings and U short-term assets.........................................
.S.
.S.
50 U private assets............................................................................................
.S.
D investment............................................................................................
irect
51
52
Foreign securities
U claims on unaffiliated foreigners reported by U nonbanking concerns..................
.S.
.S.
53
54
U claims reported by U banks, not included elsewhere......................................
.S.
.S.
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))...........................................................................................
nited States...............................................................
56 Foreign official assets in the U
57
U government securities...............................................................................
.S.
58
U Treasury securities................................................................................
.S.
Other...............................................................
59
60
Other U government liabilities.................................
.S.
61
U liabilities reported by U banks, not included elsewhere....................................
.S.
.S.
62
Other foreign official assets.......................................
63 Other foreign assets inthe U States.................................................................
nited
64
D investment.................................
irect
U Treasury securities........................
.S.
65
U securities other than U Treasury securities..................................................
.S.
.S.
66
U currency......................................
.S.
6/
68
U liabilities to unaffiliated foreigners reported by U nonbanking concerns...............
.S.
.S.
69
U liabilities reported by U banks, not included elsewhere....................................
.S.
.S.
70 Financial derivatives, net......................................................................................
71 Statistical discrepancy (sum of above items with sign reversed).................................
Memoranda:
72 Balance on goods (lines 3 and 20)............................................................................
73 Balance on services (lines 4 and 21).....
74 Balance on goods and services (lines 2 and 19)...........................................................
75 Balance on income (lines 12 and 29).........................................................................
76 U
nilateral current transfers, net (line 35)...
77 Balance on current account (lines 1,18, and 35 or lines 74,75, and 76).............................
p Prelim
inary
r Revised
(* Transactions are less than $500,000 (+/-)
)
1. D not show separately; see totals in lines 56 and 63.
etails
n
India
China
2008:IV
2009:1 p
2008:IV
Japan
2009:1 p
2008:IV
M East
iddle
2008:IV
2009:1 p
2009:1 p
-21
0
-69
48
17,718
16,342
10,822
5,520
1,815
468
74
473
260
2,412
19
1,376
1,351
805
532
14
. 25
-20,572
-17,130
-12,316
-4,815
-3,100
-430
-275
-273
-89
-598
-50
-3,442
-3,417
-182
-1,498
-1,737
-25
-2,505
-1,876
-39
-590
11,503
9,933
7,033
2,900
230
385
108
284
252
1,624
17
1,569
1,550
1,058
462
30
20
-22,573
-22,031
-20,197
-1,833
-104
-751
-153
-142
-3
-611
-69
-542
-510
-48
-186
-276
-32
-1,265
-1,435
-8
178
9,810
8,526
5,768
2,758
226
262
69
200
220
1,766
16
1,284
1,265
792
400
73
19
-13,534
-13,120
-11,822
-1,299
-101
-398
-91
-109
-4
-533
-63
-414
-381
7
-130
-258
-32
-2,376
-1,183
-8
-1,185
-1
-1
-92
-92
-19
-13
-458
0
0
-78,164
-32
0
27,605
-22
0
673
0
0
-2,388
0
0
111
0
0
2,092
0
0
17
0
23
-6
692
-739
792
177
462
1
1
0
19
-8
-469
213
-565
53
-170
-32
-93,092
0
0
-93,092
14,960
1,990
5,583
-1,705
9,092
-22
61,695
0
0
61,695
-34,068
-771
6,620
346
-40,263
34
-1
35
(*
)
639
45
-587
-591
1,772
29
0
27
2
-2,417
-3,272
—
410
392
873
-41
-60
44
-25
152
-2,932
715
359
2,010
125
-90
215
0
1,967
-776
1,342
217
1,184
44,781
-2,657
(2)
5,863
-3,412
(’)
4,365
1,975
n
(2)
(2)
31
107
(2)
(2)
(2)
(2)
(2)
(2)
14,447
8,650
n
(2)
(2)
(2)
(2)
(2)
(2)
-1,088
1,509
(2
)
11,196
(2
)
(2
)
10,417
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
19,670
18,233
14,370
3,864
0
542
189
485
648
1,993
7
1,437
1,427
982
432
13
10
-79,704
-66,856
-64,845
-2,011
-5
-503
-156
-635
-66
-636
-11
-12,848
-12,709
-40
-1,072
-11,597
-139
-811
-4
-2
-805
6,671
5,956
3,848
2,108
10
473
208
121
252
1,028
16
714
710
345
362
3
5
-10,067
-9,490
-6,211
-3,279
-1
-778
-96
-89
-24
-2,284
-7
-576
-484
-224
-86
-174
-92
-597
-19
-6
-572
6,680
5,962
3,295
2,667
10
517
224
112
116
1,671
17
718
714
426
284
4
4
-8,480
-8,005
-5,192
-2,813
-3
-690
-52
-73
-19
-1,968
-8
-475
-383
-167
-37
-179
-92
-826
-29
-6
-791
31,733
24,731
14,690
10,041
139
2,202
1,015
1,002
1,867
3,775
42
7,002
6,980
1,770
4,982
228
22
-49,843
-37,652
-31,449
-6,203
-456
-817
-404
-1,663
-1,234
-1,597
-32
-12,191
-12,150
182
-3,863
-8,469
-41
-224
0
-71
-153
29,013
22,676
12,508
10,168
141
2,529
860
788
2,164
3,640
45
6,337
6,316
1,392
4,344
580
21
-36,853
-27,073
-21,856
-5,218
-455
-773
-338
-1,254
-989
-1,374
-35
-9,779
-9,738
1,786
-3,477
-8,047
-48
-49
-54
-54
1,617
0
0
2,917
0
0
709
0
0
23
0
22
1
1,594
-8,285
1,738
209
7,932
31
0
35
-4
2,886
2,273
1,454
-1,097
256
101,469
72,956
(2)
(2)
(2)
(2)
(2)
(2)
(2)
2008:IV
22,864
20,618
14,715
5,903
1,795
615
134
583
295
2,459
22
2,246
2,220
1,601
610
9
26
-30,350
-26,718
-21,175
-5,543
-3,207
-554
-561
-378
-99
-692
-52
-3,632
-3,607
-14
-1,766
-1,827
-24
-3,692
-3,103
-37
-552
21,372
19,977
16,311
3,665
0
574
194
668
669
1,554
7
1,396
1,386
892
487
7
10
-103,393
-89,852
-87,425
-2,426
-3
-550
-185
-858
-78
-741
-11
-13,541
-13,405
-35
-1,280
-12,090
-136
-707
-4
-2
-701
0
A
frica
2009:1 p
0
(2)
(2)
(2
)
78
(2)
232
12,828
(2)
(2)
(2)
67
519
n
0
n
n
(1)
( 1)
<’)
o
9,275
2,390
304
5,797
-229
51
( 1)
( 1)
( ’)
184
( 1)
V)
-2,597
-1,433
n.a.
-633
2103,598
(3
)
-20,311
-25
n.a.
-130
211,200
(3
)
-7,857
-60
n.a.
3
210,135
n.a.
-7,279
4,636
n.a.
-1,388
228,627
-5,327
57,046
-4,412
n.a.
410
26,907
n.a.
-17,087
-140
n.a.
(1
)
2,563
(3
)
-3,851
670
n.a.
(1
)
2,189
n.a.
1,976
-823
n.a.
(1
)
965
-175
8,053
-2,012
n.a.
(1
)
-1,074
n.a.
5,109
-71,114
1,239
-69,875
-12,146
-707
-82,727
-50,475
1,853
-48,623
-11,411
-811
-60,845
-2,363
-1,171
-3,534
138
-597
-3,994
-1,896
-146
-2,043
243
-826
-2,626
-16,759
3,838
-12,921
-5,190
-224
-18,334
-9,347
4,950
-4,397
-3,442
-21
-7,861
-6,460
360
-6,100
-1,385
-3,692
-11,177
-1,494
706
-788
-2,066
-2,505
-5,359
-13,164
1,067
-12,097
1,027
-1,265
-12,335
-6,054
1,460
-4,594
870
-2,376
-6,100
(2)
(2)
6
(')
( 1)
0
o
-103
(2
)
-2,258
n.a.
-170
275,487
n.a.
-14,979
-63
120
-4 2
-5,568
(2)
(1)
0
( 1)
(1)
(')
( 1)
2. D not show separately are included in line 69.
etails
n
3. Estim of financial derivatives for M are included in L A erica and O W
ates
exico
atin m
ther estern H isphere; and for
em
China and India, inA and Pacific. Estim forthe M East are com
sia
ates
iddle
bined w estimates forA and P
ith
sia
acific.
D -5 4
In te rn a tio n a l D a ta
A u gu st 2 0 0 9
Table F.4. Private S ervices Transactions
[M
illions of dollars]
N seasonally adjusted
ot
Line
2008
478,136
97,050
25,636
51,550
19,830
31,720
83,824
525,786
110,090
31,623
58,945
22,430
36,515
91,599
125,512
24,065
7,078
14,183
5,463
8,720
21,563
134,255
29,099
7,735
15,519
5,753
9,766
25,195
138,316
32,831
9,104
15,796
5,914
9,882
21,682
127,703
24,095
7,705
13,447
5,300
8,147
23,160
118,162
21,137
6,582
10,442
4,297
6,145
20,828
129,127
27,072
7,522
14,541
5,586
8,955
22,633
133,977
28,005
7,950
15,601
5,710
9,891
23,212
134,719
28,835
8,254
15,621
5,880
9,740
23,069
127,962
26,178
7,896
13,182
5,254
7,928
22,685
120,409
23,844
6,976
10,625
4,434
6,191
21,928
36,791
47,033
40,130
51,469
9,908
11,654
10,212
14,983
9,820
11,863
10,190
12,969
9,814
11,014
9,908
12,725
10,212
13,000
9,820
13,250
10,190
12,495
9,814
12,114
52,808
3,953
27,062
220,077
56,055
4,292
31,252
233,529
13,914
932
6,716
58,624
14,393
1,039
9,763
56,707
13,870
1,083
6,729
58,902
13,878
1,238
8,044
59,296
12,413
1,191
7,224
59,174
14,419
932
7,283
57,359
14,193
1,039
7,980
59,209
13,988
1,083
7,998
58,940
13,455
1,238
7,992
58,021
12,881
1,191
7,855
57,036
15,956
61,393
10,184
8,043
101,837
22,663
17,796
60,190
10,756
9,163
113,525
22,099
7,292
16,011
2,466
2,200
25,300
5,355
2,173
15,754
2,773
2,325
28,725
4,958
4,982
14,167
2,799
2,439
28,653
5,862
3,350
14,257
2,718
2,199
30,847
5,924
7,831
13,954
2,856
2,106
26,612
5,815
4,326
16,011
2,466
2,200
27,001
5,355
4,420
15,754
2,773
2,325
28,979
4,958
4,490
14,167
2,799
2,439
29,182
5,862
4,560
14,257
2,718
2,199
28,362
5,924
4,648
13,954
2,856
2,106
27,657
5,815
50,477
22,051
147,549
338,211
76,354
28,437
67,100
45,576
21,524
24,656
50,668
23,883
158,978
364,366
79,743
32,597
72,143
45,248
26,895
26,616
11,638
5,245
41,741
84,149
17,462
7,296
17,232
11,071
6,161
6,390
12,496
6,057
38,153
95,241
22,972
8,722
18,870
11,698
7,172
6,398
12,627
5,798
40,477
97,547
22,410
8,784
19,483
11,879
7,603
7,493
13,906
6,783
38,607
87,429
16,899
7,795
16,558
10,600
5,958
6,334
11,988
5,354
41,832
77,834
16,121
6,686
12,976
8,163
4,813
5,527
12,137
5,635
39,587
89,609
20,235
7,868
17,956
11,493
6,463
6,427
12,761
6,155
40,294
91,487
20,109
8,029
18,496
11,516
6,980
6,537
12,955
6,180
39,805
94,090
19,848
8,343
18,924
11,631
7,293
7,644
12,815
5,913
39,293
89,181
19,551
8,357
16,767
10,607
6,160
6,007
12,527
5,742
38,767
83,395
’ 18,630
7,248
13,945
8,911
5,035
5,532
17,753
6,903
18,698
7,918
4,658
1,733
4,814
1,583
4,758
2,736
4,468
1,866
3,943
1,584
4,666
1,761
4,919
1,618
4,865
2,779
4,248
1,760
3,923
1,609
3,338
15,153
6,164
141,664
3,826
14,699
8,091
153,267
773
3,856
1,762
35,768
876
3,803
1,718
38,279
1,146
3,589
2,759
39,377
1,031
3,451
1,852
39,843
887
2,774
1,866
36,524
773
3,960
1,694
37,122
876
3,930
1,731
38,315
1,146
3,747
2,751
39,331
1,031
3,062
1,915
38,498
887
2,851
1,793
38,040
4,760
19,750
41,666
7,045
66,266
2,177
5,204
19,143
42,939
7,193
76,284
2,505
982
5,160
10,099
1,761
17,137
629
1,309
5,148
10,357
1,798
18,984
683
1,723
4,747
11,284
1,834
19,198
591
1,191
4,087
11,199
1,799
20,965
601
1,075
3,991
11,421
1,687
17,763
587
1,264
5,160
10,099
1,761
18,209
629
1,281
5,148
10,357
1,798
19,049
683
1,296
4,747
11,284
1,834
19,579
591
1,364
4,087
11,199
1,799
19,447
601
1,389
3,991
11,421
1,687
18,965
587
37,190
18,210
86,264
41,720
19,042
92,505
9,166
4,389
22,214
10,972
4,572
22,735
10,782
4,650
23,945
10,800
5,431
23,612
8,960
4,485
23,079
10,016
4,571
22,535
10,761
4,737
22,817
10,744
4,852
23,736
10,199
4,882
23,417
9,868
4,734
23,438
20,108
10,042
72,259
29,014
20,224
12,627
73,770
34,707
4,462
3,012
17,804
7,538
5,289
3,159
17,710
7,698
5,352
3,231
19,164
11,544
5,121
3,225
19,092
7,926
5,008
2,935
18,237
7,787
4,462
3,012
17,804
7,538
5,289
3,159
17,710
7,698
5,352
3,231
19,164
11,544
5,121
3,225
19,092
7,926
5,008
2,935
18,237
7,787
-830,992
139,925
-691,067
-840,252
161,420
-678,831
-197,564
41,363
-156,201
-221,624
39,015
-182,610
-241,904
40,769
-201,135
-179,160
40,274
-138,885
-109,640
40,328
-69,312
-218,846
39,518
-179,327
-221,496
42,491
-179,005
-221,090
40,629
-180,461
-178,820
38,782
-140,038
-124,036
37,014
-87,022
2008
I
1 Exports of private services.........................................
2 Travel (table F line 6)..............................................
.2,
3 Passenger fares (table F.2, line 7)................................
4 Other transportation (table F line 8)...........................
.2,
b
Freight..............................................................
6
Port services......................................................
7 Royalties and license fees (table F line 9)....................
.2,
Bytype: 1
8
Industrial processes 2........................................
9
Other3..........................................................
B affiliation:
y
10
U parents’ receipts fromtheir foreign affiliates.......
.S.
1
1
U affiliates’receipts fromtheir foreign parent groups
.S.
12
U receipts from unaffiliated foreigners.................
.S.
13 Other private services (table F.2, line 10).......................
B type: 1
y
14
Education.......................................................
1b
Financial services.............................................
16
Insurance services............................................
17
Telecommunications..........................................
18
Business, professional, and technical services.........
19
Other services 4...............................................
B affiliation:
y
20
U parents’ receipts fromtheir foreign affiliates.......
.S.
21
U affiliates’receipts fromtheir foreign parent groups
.S.
22
U receipts fromunaffiliated foreigners.................
.S.
23 Imports of private services.........................................
24 Travel (table F.2, line 23)............................................
2b Passenger fares (table F.2, line 24)..............................
26 Other transportation (table F line 25)..........................
.2,
2/
Freight..............................................................
28
Port services......................................................
29 Royalties and license fees (table F line 26)..................
.2,
B type: 1
y
30
Industrial processes 2........................................
31
Other3..........................................................
B affiliation:
y
32
U parents’ payments to their foreign affiliates........
.S.
33
U affiliates’ payments to their foreign parent groups
.S.
34
U payments to unaffiliated foreigners..................
.S.
35 Other private services (table F.2, line 27).......................
Bytype: 1
36
Education.......................................................
37
Financial services.............................................
38
Insurance services............................................
39
Telecommunications..........................................
40
Business, professional, and technical services.........
41
Other services 4...............................................
B affiliation:
y
42
U parents’ payments to their foreign affiliates........
.S.
43
U affiliates' payments to their foreign parent groups
.S.
44
U payments to unaffiliated foreigners..................
.S.
Supplemental detail on insurance transactions:
45 Premiums received 5...................................................
46 A losses paid......................................................
ctual
47 Premiums paid 5.........................................................
48 A losses recovered...............................................
ctual
Memoranda:
49 Balance on goods (table F line 72)...............................
.2,
bO Balance on private services (line 1 minus line 25)...............
b1 Balance on goods and private services (lines 53 and 54)
p Prelim
inary
r Revised
1R
. oyalties and license fees and “ private services”bydetailed type of service include both affiliated and unaffil
other
iated transactions.
2. Includes royalties, license fees, and other fees associated w intangible assets, including patents, trade secrets,
ith
and other proprietary rights, that are used inconnection w the production of goods.
ith
Seasonally adjusted
2007
2009
III
II
IV
Ip
2008
I
II
2009
III
IV
Ip
3. Includes royalties, license fees, and other fees associated w copyrights, tradem franchises, rights to broad
ith
arks,
cast liveevents, softw licensing fees, and other intellectual property rights.
are
4. Other services receipts (exports) include m filmand television tape rentals and expenditures of foreign resi
ainly
dents tem
porarilyw
orking inthe U States. Paym (im
nited
ents ports) include m expenditures of U residents tem
ainly
.S.
po
rarilyw
orking abroad and filmand television tape rentals.
5. These reflect the am of prem s explicitlycharged b , or paid to, insurers and reinsurers.
ount
ium
y
D -5 5
A u g u st 2 0 0 9
G. Investment Tables
Table G .1. International Investm ent Position of th e United S tates at Yearend, 2007 and 2008
[M
illions of dollars]
Changes in position in 2008
A
ttributable to
Line
Type of investment
Position, 2007r
Position, 2008p
Valuation adjustments
Financial flow
s
(a)
Price changes
(b)
Exchange-rate Other changes2
changes1
(c
)
Net international investment position of the United States (lines 2+3).....................
Financial derivatives, net (line 5 less line 25)3....................................................
Net international investment position, excluding financial derivatives (line 6 less line 26).
-2,139,916
71,472
-2,211,388
-505,060
28,905
-533,965
-720,137
-583,040
-720,137
-583,040
U.S.-owned assets abroad (lines 5+6)............................................................
Financial derivatives (gross positive fair value).................................................
U.S.-owned assets abroad, excluding financial derivatives (lines 7+12+17).............
18,278,842
2,559,332
15,719,510
106
-1,954,331
-681,066
277,211
218,025
9,476
4,244
45,466
4,848
9,414
59,414
2,259
U government assets, other than official reserve assets..........................
.S.
U credits and other long-term assets 7............................................
.S.
Repayable in dollars....................................................................
Other8....................................................................................
U foreign currency holdings and U short-term assets 9.....................
.S.
.S.
94,471
70,015
69,742
273
24,456
529,615
-152
-152
U private assets............................................................................
.S.
D investment at current cost........................................................
irect
Foreign securities..........................................................................
Bonds.....................................................................................
.
Corporate stocks..................................................... ■................
U claims on unaffiliated foreigners reported by U nonbanking concerns..
.S.
.S.
U claims reported by U banks, not included elsewhere 1
.S.
.S.
0..................
15,347,828
3,451,482
6,835,079
1,587,089
5.247.990
1,239,718
3,821,549
-534,357
332,012
-60,761
-62,095
1,334
-372,229
-433,379
-1,963,745
31,016
-1,994,761
-95,005
-1,899,756
-683,325
-110,804
-535,246
-37,086
-498,160
-16,059
-21,216
179,376
-4,922
0
Foreign-owned assets in the United States (lines 25+26)......................................
Financial derivatives (gross negative fair value)....................................................
Foreign-owned assets in the Unites States, excluding financial derivatives (lines 27+34)..
20,418,758
2,487,860
17,930,898
(3
)
(3
)
534,071
(3
)
(3
)
-1,234,194
(3
)
(3
)
Foreign official assets in the U
nited States.........................................................
U government securities
.S.
U Treasury securities
.S.
Other......................
Other U government liabilities 1
.S.
1
U liabilities reported by U banks, not included elsewhere 1 ...........................
.S.
.S.
0
Other foreign official assets.........................................................................
3,403,995
2,540,062
1,736,687
803,375
24,024
406,031
433,878
487,021
543,498
477,652
65,846
8,626
-153,443
88,340
14,526,903
2,450,132
639,715
6,190,067
3,289,077
2.900.990
271,952
1,000,430
3,974,607
47,050
319,737
196,619
-126,737
-183,822
57,085
29,187
-45,167
-326,589
-1,221,279
24,986
54,349
-1,300,614
-180,165
-1,120,449
5,227,962
3,593,291
332,012
319,737
-2,240,547
-1,210,708
U official reserve assets....................................
.S.
Gold..................
Special drawing rights
Reserve position inthe International M
onetary Fund.
Foreign currencies...........................................
Other foreign assets............................................................................
D investment at current cost...........
irect
U Treasury securities.....................
.S.
U securities other than U Treasury securities...................................
.S.
.S.
Corporate and other bonds..............
Corporate stocks.........................................................................
U currency.................................................................................
.S.
U liabilities to unaffiliated foreigners reported by U nonbanking concerns.
.S.
.S.
U liabilities reported by U banks, not included elsewhere 1 .................
.S.
.S.
0
Memoranda:
D investment abroad at market value.................
irect
D investment in the U
irect
nited States at market value.,
p Prelim
inary
rR
evised
*Less than $500,000 (+/-)
...N applicable
ot
1. Represents gains or losses on foreign-currency-denom
inated assets and liabilities due to their revaluation at current
exchange rates.
2. Includes changes incoverage due to year-to-year changes inthe com
position of reporting panels, prim for bank
arily
and nonbank estim and to the incorporation of survey results. A includes capital gains and losses of direct invest
ates,
lso
m affiliates and changes in positions that cannot be allocated to financial flow price changes, or exchange-rate
ent
s,
changes.
3. Financial flow and valuation adjustments for financial derivatives are available only on a net basis, w is show
s
hich
n
on line 2; they are not separately available for gross positive fair values and gross negative fair values of financial deriva
tives. C
onsequently, colum (a) through (d) on lines 4,5, and 24,25 are not available.
ns
4. D are not separately available for the three types of valuation adjustm therefore, the sum of all three types is
ata
ents;
show incolum (d).
n
n
5. R
eflects changes inthe value of the official gold stock due to fluctuations inthe m price of gold.
arket
0
106
3,473
1,269
Total
(a+b+c+d)
478,907
459,205
419,702
-1,329,330
-1,417,440
88,110
-3,469,246
'159,582
-3,628,828
179,390
(3
)
(3
)
1,609,316
4,065,217
-2,455,901
19,888,158
6,624,549
13,263,609
0
60
0
0
0
16,521
9,414
-136
3,439
3,804
293,732
227,439
9,340
7,683
49,270
14
14
14
529,629
-138
-138
529,766
624,100
69,877
69,604
273
554,222
0
0
-3,002,051
247,302
-2,590,768
-194,186
-2,396,582
-247,798
-410,787
12,345,777
3,698,784
4,244,311
1.392.903
2,851,408
991,920
3,410,762
(3
)
(3
)
2,938,646
3,977,107
-1,038,461
23,357,404
6,464,967
16,892,437
-12,915
148,201
112,084
36,117
-6,739
-3,323
-751
-2,572
-161,116
-3,416
467,367
688,376
588,985
99,391
8,626
-153,443
-76,192
3,871,362
3,228,438
2,325,672
902,766
32,650
252,588
357,686
13,021,075
2,646,847
884,965
4,703,529
2.865.903
1,837,626
301,139
873,227
3,611,368
3,071,189
2,556,882
(4
)
(3
)
(3
)
(4
)
(3
)
(3
)
-242
-34
2,535
0
529,766
-98,026
140,490
43,808
-240,312
0
0
-98,026
-6,393
0
-67,037
-67,037
-233,573
-141,615
-5,718
7.850
7.850
-14,921
-9,675
-67,115
-26,975
-1,505,828
196,715
245,250
-1,486,538
-423,174
-1,063,364
29,187
-127,203
-363,239
-205,504
-42,734
-145,438
-2,156,773
-1,036,409
0
0
6. Reflects changes in gold stock from U . Treasury sales of gold m
.S
edallions and com em
m orative and bullion coins;
also reflects replenishm through open m purchases. These dem
ent
arket
onetizations/m
onetizations are not included in
international transactions financial flow
s.
7. A includes paid-in capital subscriptions to international financial institutions and outstanding am
lso
ounts of m
iscella
neous claim that have been settled through international agreements to be payable to the U . governm over periods
s
.S
ent
inexcess of 1year. Excludes W W Idebts that are not being serviced.
orld ar
8. Includes indebtedness that the borrow m contractually, or at its option, repay w its currency, w a third
er ay
ith
ith
country’ currency, or bydeliveryof m
s
aterials or transfer of services.
9. Includes foreign-currency-denom
inated assets obtained through tem
porary reciprocal currency arrangem
ents
betw the Federal Reserve System and foreign central banks. These assets are included in the investm position at
een
ent
the dollar value established at the tim they w received, reflecting the valuation of these assets inthe Federal Reserve
e
ere
Systems balance sheet. The m ent of exchange rates does not affect this valuation.
’
ovem
10. A includes claim
lso
s/liabilities reported byU securities brokers.
.S.
11. Prim U . governm liabilities associated w m
arily .S
ent
ith ilitarysales contracts and other transactions arranged w or
ith
through foreign official agencies.
D -5 6
In te rn a tio n a l D a ta
A ugust 2 0 0 9
Table G .2. U.S. D irect Investm ent Abroad: Selected Item s, by C ountry and by Industry of Foreign A ffiliate, 2 0 0 5 -2 0 0 8
[M
illions of dollars]
Direct investment position
on a historical-cost basis
2006
2007
ncome w
ithout current-cost
adjustment1
2006
2007
2008
2005
2006
2007
2008
2,241,656
2,477,268
2,916,930
3,162,021
15,369
224,220
378,362
311,796
271,877
304,114
343,012
350,531
231,836
1,210,679
205,134
1,397,704
233,971
1,659,499
227,298
1,809,876
13,556
-29,035
-1,551
147,687
22,659
234,577
13,034
180,172
20,712
136,038
23,542
153,702
19,936
176,794
25,433
172,490
60,526
100,473
55,173
240,205
100,692
351,513
379,582
63,008
93,620
86,372
279,373
102,022
406,358
418,429
70,113
100,806
114,876
389,430
97,917
424,612
508,711
75,040
110,784
146,194
442,926
123,358
420,873
563,809
-1,156
7,978
-15,041
-19,284
-8,545
6,269
74
7,076
2,703
20,148
41,118
11,019
30,535
35,672
10,029
9,028
19,144
103,408
6,240
24,239
48,099
5,909
4,907
22,035
53,376
24,484
21,791
64,492
4,475
6,875
17,082
33,888
15,341
22,836
48,049
5,801
8,081
17,865
35,644
14,231
26,772
53,532
5,874
9,439
20,046
40,888
15,854
26,308
65,063
7,109
9,351
20,784
42,009
19,248
23,872
71,508
113,222
30,882
73,687
83,164
22,756
21,115
375,689
133,480
33,504
82,965
84,817
28,158
24,206
403,637
162,286
47,750
91,259
108,559
32,496
28,256
453,997
165,857
45,500
95,618
139,290
36,640
32,488
491,910
-1,000
1,400
9,596
-12,586
2,564
3,785
24,426
19,944
223
9,444
-6,374
5,157
5,699
31,556
10,953
5,612
11,226
9,807
4,421
3,857
64,748
7,150
4,136
7,170
21,834
3,348
4,058
46,693
11,547
3,554
8,634
9,239
5,282
5,110
56,688
15,586
5,253
9,606
5,112
7,208
6,043
60,086
21,838
7,927
11,790
7,439
6,716
7,699
66,804
18,914
9,789
10,202
12,356
6,895
9,041
65,163
75,669
36,415
81,175
76,390
67,632
39,636
84,428
81,879
83,346
50,199
81,923
94,810
88.549
51,505
79,235
106,529
(D
)
4,688
5,940
3,206
1,473
4,174
2,709
8,035
9,111
10,891
15,788
13,407
8,613
1,395
-3,234
10,731
6,269
5,056
10,803
15,809
6,596
8,130
7,627
15,563
7,651
8,654
7,834
18,450
7,704
5,938
9,298
19,033
109,280
430,737
27,638
106,975
23,013
26,433
50,773
15,449
50,739
129,716
132,915
102,848
66,707
463,981
57,164
710,386
167,640
121,006
441,724
31,215
94,519
18,773
29,136
63,113
16,293
50,663
138,013
138,211
100,445
81,637
514,462
69,213
838,566
172,004
143,430
493,064
39,100
102,678
22,389
32,397
69,159
18,909
58,768
149,664
154,780
114,578
127,047
617,312
68,978
998,618
199,123
151,859
512,293
41,802
108,049
24,038
36,807
76,453
24,095
51,774
149,275
178,213
121,864
141,557
634,046
81,242
1,128,538
212,409
12,015
28,121
1,171
3,911
-703
2,077
3,607
1,662
-250
16,645
12,517
2,831
-4,751
13,079
-2,055
-66,351
19,964
21,903
42,359
2,736
5,778
2,490
3,711
13,458
2,753
1,563
9,869
14,835
3,851
-6,441
25,825
9,377
97,498
15,012
19,943
66,717
10,701
7,937
2,927
5,421
6,440
2,255
11,820
19,216
13,637
9,219
12,008
83,466
7,767
148,753
16,851
27,272
44,980
4,530
13,018
2,689
7,239
9,426
5,458
-6,692
9,312
29,874
10,551
4,709
43,061
7,427
123,806
20,115
24,559
46,896
3,558
13,056
1,815
2,253
7,714
1,703
1,936
14,862
24,494
10,832
164
27,911
9,272
109,566
18,184
29,848
57,677
4,278
12,523
2,044
3,344
12,542
1,919
4,257
16,771
24,321
11,526
-6,362
39,402
9,480
120,884
17,338
29,403
64,846
4,441
15,340
2,246
5,796
11,060
1,807
4,915
19,241
27,421
12,188
-8,135
43,993
8,606
142,755
21,936
36,690
64,012
5,128
17,467
2,323
5,616
9,830
2,778
2,759
18,110
27,421
10,974
-1,102
39,852
9,377
141,810
21,498
2005
A countries, all industries..................................
ll
By country of foreign affiliate
Canada....................................................................
Europe.....................................................................
Capital outflows without current-cost
adjustment (infiow ))
s(—
2008
2005
O f which:
France ..............................................................
Germany............................................................
Ireland..
Netherlands........................................................
Switzerland
United Kingdom...................................................
Latin America and Other W
estern Hemisphere...................
O f which:
Bermuda............................................................
Brazil................................................................
M
exico..............................................................
United K
ingdom Islands, Caribbean..........................
Africa......................................................................
M East...............................................................
iddle
Asia and Pacific..........................................................
O f which:
Australia.............................................................
Hong K
ong..........................................................
Japan................................................................
Singapore
By industry of foreign affiliate
M
ining.....................................................................
M
anufacturing............................................................
Food....................................................................
Chemicals.............................................................
Primary and fabricated metals.....................................
M
achinery.............................................................
Computers and electronic products..............................
Electrical equipment, appliances, and components..........
Transportation equipment..........................................
Other manufacturing.................................................
W
holesale trade..........................................................
Information................................................................
Depository institutions (banking).....................................
Finance (except depository institutions) and insurance.........
Professional, scientific, and technical services....................
Holding companies (nonbank)........................................
Other industries..........................................................
DSuppressed to avoid disclosure of data of individual com
panies.
1. For 2005, incom w
e ithout current-cost adjustm is presented net, or after deduction, of U and foreign w
ent
.S.
ithholding
taxes. B
eginning w 2006, it is presented gross, or before deduction, of U and foreign w
ith
.S.
ithholding taxes.
A ugust 2 0 0 9
Survey
of
C u r r e n t B u sin ess
D -5 7
Table G.3. Selected Financial and O perating S tatistics of N onbank Foreign A ffiliates o f U.S. C om panies by C ountry and by Industry of A ffiliate, 2007
M
ajority-owned nonbank foreign affiliates
A nonbank foreign affiliates
ll
M
illions of dollars
M
illions of dollars
Total
assets
Sales
A countries, all industries............................... 14,201,291 5,517,143
ll
By country of affiliate
Canada................................................................. 1,008,970 557,756
Europe................................................................. 8,969,832 2,837,736
Net
income
Thousands
U
.S.
U
.S.
of
exports of imports of
goods employees
goods
shipped to shipped by
affiliates affiliates
Total
assets
Sales
O f which:
Brazil.............................................................
M
exico...........................................................
Africa...................................................................
M East............................................................
iddle
Asia and Pacific......................................................
Thousands
U
.S.
U
.S.
of
exports of imports of
goods employees
goods
shipped to shipped by
affiliates affiliates
247,642
312,405
10,016.6
48,525
441,220
116,180
610,921
75,236
66,164
101,107
80,530
1,099.2
4,184.5
214,413
313,905
188,706
625,442
541,548
12,071
15,905
97,665
53,812
148,747
56,196
86,649
29,515
172,310
123,544
5,244
8,658
11,136
14,695
52,441
6,793
7,658
4,716
15,817
64,365
616.1
610.6
223.8
1,191.9
1,962.9
490.5 164,224 126,839
1,152.1
170,372 163,511
206.3 150,872
86,769
38,941
109.6
81,288
3,144.8 1,814,975 1,042,941
10,406
10,214
19,688
8,663
98,397
33,090
31,327
43,269
16,036
207,635
4,347
37,574
1,325
893
51,583
2,758
49,163
3,445
2,497
60,461
469.7
940.2
164.7
78.9
2,526.4
130,264
117,748
28,053
185,303
14,142
10,122
2,287
9,806
44,088
22,429
7,307
38,954
4,929
3,463
540
11,648
2,028
7,041
816
1,447
295.9
679.2
276.5
302.9
(D)
(D)
251,900
M 562,252 247,440
78,844
45,704
49.1
5,489.0 1,868,890 2,130,455
64,436
2,457
135,914
152,285
11,145
509,962
2,045
(D)
161,053
17,062
(D)
232,888
186.9
45.3
4,682.8
5,974
21,107
5,984
15,014
55,988
(D)
(D)
57,781
106
22
1,553
1,553
481.3 128,820 152,435
687.8 488,464 415,503
238.4
94,963
77,419
465.4 118,550 130,570
721.5 245,019 329,090
289.6
63,254
48,614
291,814 438,311
1,069.1
802.4 718,427 1,204,009
502.5 252,305 155,093
369.4 5,157,585 348,312
644.4 261,710 159,765
M 4,280,209 445,231
7,115
46,188
5,554
9,115
22,123
3,960
5,483
55,754
10,193
70,572
16,904
409,010
30,403
107,519
21,192
32,404
50,473
13,085
71,208
151,964
45,079
51,656
61,383
134,111
3,468
25,689
3,636
9,312
29,345
3,330
65,153
69,469
612
(D)
3,680
(D)
5,834
19,650
5,935
13,523
55,477
6,585
86,219
57,590
106
22
1,548
(D)
428.8
615.3
229.7
396.3
695.9
243.9
973.0
775.5
354.5
318.1
621.8
3,031.6
257,660
331,934
11,737.5 13,180,221 4,736,009
49,556
480,600
77,484
67,991
(D
)
81,442
1,115.2 964,240 537,033
4,800.9 8,466,519 2,488,777
228,351
357,227
258,064
672,000
627,995
13,257
18,891
104,569
60,572
161,979
(D)
8,670
(D)
14,740
54,828
6,974
(D)
(D)
15,858
68,163
654.3 323,954
672.7 552,104
239.8 1,180,344
1,344.4 3,391,268
2,360.6 1,702,327
178,215 134,087
207,500 199,571
97,627
164,115
144,942
93,966
2,032,431 1,302,063
11,018
13,365
22,380
22,005
110,233
4,548
39,523
1,379
1,166
54,812
(D)
52,245
(D)
3,102
67,676
159,117
146,172
34,839
299,492
14,855
11,619
2,647
12,645
5,008
4,546
626
12,438
2,031
(D)
(D
)
6,680
669,188 356,849
97,670
(D)
2,208,845 2,515,449
82,534
(D)
165,699
2,062
(D)
169,165
143,279 168,500
536,617 453,926
99,565
83,435
134,401
150,503
260,144 335,120
69,677
55,583
330,021
508,824
743,700 1,235,764
409,118 253,420
5,266,283 374,325
265,692 163,520
4,540,795
(D)
8,425
53,669
5,899
9,989
22,027
4,153
8,380
57,766
20,358
73,553
17,148
(D)
3,833
26,715
3,662
9,971
29,381
(D)
68,918
70,819
(D)
(D)
3,680
11,012
346,286
612,612
1,254,382
3,497,971
1,881,001
Value
added
765,240 1,117,585
846,753
O f which:
France...........................................................
Germany.........................................................
Netherlands.....................................................
U
nited Kingdom................................................
Latin A
merica and Other Western Hemisphere................
Net
income
O f which:
Australia.........................................................
China.............................................................
India..............................................................
Japan.............................................................
By industry of affiliate
M
ining..................................................................
Utilities.................................................................
M
anufacturing.........................................................
296,549
128,808
50,635
653,755
328.6
792.9
334.8
612.9
282,479
106,798
39,597
571,076
O f which:
Food.............................................................
Chemicals.......................................................
Primary and fabricated metals.............................
M
achinery.......................................................
Computers and electronic products........................
Electrical equipment, appliances, and components....
Transportation equipment....................................
Wholesale trade......................................................
Inform
ation.............................................................
Finance (except depository institutions) and insurance......
Professional, scientific, and technical services.................
Other industries......................................................
DSuppressed to avoiddisclosure of data of individual com
panies.
Notes. The follow ranges are given inem
ing
ploym cells that are suppressed: A 1to 499; F 500to 999; G 1,000
ent
—
—
—
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 m
—
ore.
The data in this table are from“ .S. M
U ultinational C panies: O
om
perations inthe U States and A
nited
broad in2007”in
the A
ugust 2009 Survey o f C u rre n t Business.
D -5 8
In te rn a tio n a l D a ta
A u gu st 2 0 0 9
Table G .4. Foreign D irect Investm ent in th e United States: S elected Item s, by C ountry of Foreign Parent and by Indu stry of U.S. A ffiliate, 2 0 0 5 -2 0 0 8
[M
illions of dollars]
Direct investment position
on a historical-cost basis
2005
A countries, all industries............................................
ll
By country of foreign parent
Canada....................................................................................
Europe.....................................................................................
Incom without current-cost
e
adjustment1
2005
2006
2007
2008
2005
2006
2007
2008
1,634,121 1,840,463 2,109,876 2,278,892
104,773
237,136
271,176
316,112
110,324
144,755
121,950
117,237
165,667 165,281 207,925 221,870
1,154,048 1,326,738 1,507,594 1,622,911
14,868
77,896
14,770
182,575
43,962
172,361
23,684
206,453
6,075
80,684
14,555
98,286
11,691
74,530
11,578
88,606
2006
2007
Capital inflow without current-cost
s
adjustment (outflows)-))
2008
O f which:
France..............................................................................
Germany............................................................................
Luxem
bourg
Netherlands
Switzerland
U
nited K
ingdom
Latin America and Other W
estern Hemisphere...................................
114,260
177,176
79,680
156,602
133,387
371,350
57,175
147,799
205,969
89,157
182,014
134,568
414,629
66,583
160,116
214,506
120,524
208,177
153,277
426,545
55,816
163,430
211,521
113,248
259,385
165,697
454,123
49,233
10,053
12,101
4,235
-1,871
6,551
36,132
-3,169
29,078
39,540
17,923
25,543
1,177
38,547
11,808
6,132
9,997
42,919
25,949
1,858
18,388
-5,577
14,031
5,816
1,228
71,857
35,476
54,711
27,445
11,218
6,053
2,462
15,743
4,462
33,274
4,359
14,550
10,324
2,710
20,250
2,862
36,555
7,113
2,802
4,400
4,316
20,756
6,165
22,021
6,276
10,938
3,115
3,227
10,407
24,211
22,752
2,936
2,147
3,595
10,983
23,063
5,292
2,341
8,306
246,585
9,223
5,310
11,924
28,367
5,380
1,976
10,112
269,772
4,697
6,287
980
34,423
4,196
1,396
15,058
322,087
10,750
7,948
881
21,604
4,563
2,002
14,676
368,200
-5,380
-19
895
-42
308
323
1,799
13,056
7,047
2,265
1,618
3,845
-1,362
255
2,504
25,225
-12,176
161
1,042
7,309
-1,966
-358
4,809
55,979
6,907
1,672
238
16,450
550
780
1,355
56,395
-41
(D)
1,173
958
(D
)
204
592
18,410
670
923
1,851
1,826
818
207
1,243
23,350
328
800
1,171
1,843
(D
)
180
581
28,691
1,180
911
415
-888
(D
)
72
-714
14,759
36,392
189,851
38,777
204,020
50,233
230,453
64,316
259,569
-5,253
14,200
2,174
16,466
15,506
25,869
15,628
35,690
3,919
12,715
5,773
16,190
8,983
17,154
5,621
7,327
499,851
45,217
123,784
27,164
46,433
31,298
11,037
74,485
140,434
235,508
30,934
102,584
130,184
214,623
37,341
51,546
331,549
569,324
50,339
135,054
34,812
41,600
48,944
25,537
67,505
165,532
255,590
31,677
135,986
135,391
283,364
41,924
47,597
339,610
703,146
24,225
213,483
48,897
59,110
66,599
21,507
68,314
201,012
274,587
32,688
147,043
134,332
260,735
48,526
58,770
450,049
795,336
25,641
217,777
48,719
75,184
63,251
23,815
64,514
276,435
312,583
44,062
157,973
119,124
248,888
51,995
62,118
486,813
55,530
2,953
16,678
7,809
7,325
8,009
819
6,271
5,665
19,905
53
-11,929
9,355
3,925
1,119
7,757
19,057
98,508
6,550
30,404
8,341
9,957
23,312
3,249
-4,134
20,829
20,907
2,789
27,321
13,794
37,614
435
3,636
32,131
113,401
-1,011
55,783
14,956
4,759
10,524
8,178
3,328
16,883
27,036
-790
5,520
-4,775
-1,722
6,300
9,218
116,987
91,008
2,372
9,751
10,146
13,530
608
71
-3,882
58,412
44,768
8,585
9,516
20,745
84,173
2,847
6,275
48,195
46,215
3,370
13,798
3,532
2,162
2,260
956
4,209
15,928
26,188
1,381
2,781
4,374
4,281
2,444
1,291
21,369
55,253
3,987
14,015
5,484
1,908
5,633
1,781
3,614
18,831
25,295
2,557
5,720
7,535
7,839
3,054
1,566
35,935
46,853
2,531
17,412
4,658
2,840
-2,088
1,282
539
19,680
23,366
2,412
7,455
-2,152
11,234
2,857
2,407
27,518
43,681
2,960
17,272
3,721
1,556
1,759
1,252
468
14,691
22,446
2,702
3,562
-14,959
25,506
1,773
2,890
29,636
O f which:
Bermuda............................................................................
M
exico..............................................................................
Panama...........................
U
nited K
ingdom Islands, Caribbean
Venezuela.........................
........................................
Africa.........
M East...
iddle
Asia and Pacific
........................................
O f which:
Australia.............................................................................
Japan................................................................................
By industry of U affiliate
.S.
M
anufacturing............................................................................
Food.........................
Chemicals..................
Primary and fabricated metals
M
achinery..................
Computers and electronic products..............................................
Electrical equipment, appliances, and components..........................
Transportation equipment..........................................................
Other manufacturing.................................................................
W
holesale trade.........................................................................
Retail trade...............................................................................
Information................................................................................
Depository institutions (banking).....................................................
Finance (except depository institutions) and insurance..........................
Real estate and rental and leasing..................................................
Professional, scientific, and technical services....................................
Other industries................................ .........................................
DSuppressed to avoid disclosure of data of individual com
panies.
1. For 2005, incom w
e ithout current-cost adjustm is presented net, or after deduction, of U and foreign w
ent
.S.
ithholding
taxes. B
eginning w 2006, it is presented gross, or before deduction, of U and foreign w
ith
.S.
ithholding taxes.
Survey
A u g u st 2 0 0 9
of
D -5 9
C u r r e n t B u sin ess
Table G .5. Selected Financial and O perating D ata of N onbank U.S. A ffiliates o f Foreign C om panies
by C ountry of U ltim ate B eneficial O w ner and by Industry o f A ffiliate, 2006
A nonbank affiliates
ll
M
illions of dollars
Total
assets
Sales
A countries, all industries................................................. 7,908,487 3,083,440
ll
M
ajority-owned nonbank affiliates
M
illions of dollars
M
illions of dollars
Thousands U
U
.S.
.S.
of
N
et employees exports of imports of
goods
goods
income
shipped by shipped to
affiliates affiliates
176,329
5,800.6
204,880
Total
assets
Sales
493,835 6,807,654 2,795,143
N
et
income
M
illions of dollars
Thousands U
.S.
of
V
alue employees exports of
goods
added
shipped by
affiliates
U
.S.
imports of
goods
shippedto
affiliates
195,292
482,363
134,257 614,685
5,330.5
By country of ultimate beneficial owner
209,462
15,925
519.4
9,249
Europe.................................................................................... 5,281,330 1,809,158
Canada...................................................................................
654,057
107,395
3,787.3
112,565
235,721
380,546
335,107
(D)
184,227
455,815
23,886
9,139
18,631
(D)
7,765
40,552
527.2
684.0
472.3
180.1
438.7
995.5
13,166
(D)
(D)
5,112
(D)
(D)
(D)
207,073
9,750
418.6
(D)
(D)
(D)
(D)
(D)
74,798
33,046
(D)
(D)
4,056
438
(D)
(D)
M
M
29.4
5.1
19,398
610,167
196,051
203,944 5,053,338 1,686,212
56,738
457.4
9,052
19,242
87,276 392,437
13,844
3,590.6
107,843
201,406
18,772 58,937
8,529 67,918
14,568 45,784
1,220 11,206
7,715 50,113
30,443 120,265
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
O f which:
France .............................................................................
815,169
Germany........................................................................... 675,495
Netherlands
767,542
Sweden
31,687
Switzerland........................................................................ 1,427,268
U
nited K
ingdom
1,282,694
Latin America and Other Western Hemisphere..................................
19,487 776,525
68,587 667,703
33,500 724,446
7,582 31,486
16,719 1,404,231
(D) 1,174,039
206,940
371,499
314,751
43,329
176,844
403,060
(D)
319,028
189,396
8,972
50,030
358.3
13,265
(D)
(D)
(D)
163
(D)
(D)
4,679
1,762
(D)
195,986
18,657
73,248
(D)
73,219
24,881
16,062
(D)
3,968
390
1,059
(D)
25,438
5,914
4,484
(D)
193.8
58.8
28.8
H
(D)
970
163
(D)
4,542
4,575
(D)
(D)
681
O f which:
Bermuda...........................................................................
M
exico.............................................................................
United K
ingdom Islands-Caribbean.........................................
Venezuela.........................................................................
Africa.....................................................................................
(D)
(D)
(D)
8.5
501
681
4,494
7,488
153
1,086
8.5
501
M East..............................................................................
iddle
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
65,693
210,568
726,656
625,274
19,708
93,625
788.1
61,292
203,783
Australia............................................................................
Japan...............................................................................
Korea, Republic of...............................................................
101,296
612,110
22,652
32,634
544,994
(D)
5,526
16,329
(D)
62.0
691.4
19.7
1,088
53,115
(D)
(D)
164,881
(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
U
nited States............................................................................
768,528
(D)
(D)
122.9
(D)
4,489
31,914
24,597
1,411
8,041
54.9
2,595
4,477
M
anufacturing........................................................................... 1,312,819 1,183,649
50,798
2,166.0
116,512
44,217 266,893
2,057.8
108,554
173,867
O f which:
By industry of U affiliate
.S.
182,721 1,224,595 1,100,669
O f which:
Food................................................................................
Chemicals.........................................................................
Primary and fabricated metals................................................
M
achinery.........................................................................
Computers and electronic products..........................................
Electrical equipment, appliances, and components......................
Transportation equipment......................................................
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
434.7
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
(D)
51,361
274,463
64,589
212,418
77,981
53,512
63,940
49,111
246,663
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
(D)
6,339
36,033
3,068
33,617
7,216
8,018
(D)
6,148
59,277
W
holesale trade........................................................................
570,518
884,850
31,282
632.3
79,080
297,638
562,140
863,364
28,790 106,868
618.7
78,029
295,190
Retail trade..............................................................................
75,062
157,497
1,566
632.5
578
(D)
69,449
146,128
1,301
31,822
564.0
578
5,711
Inform
ation...............................................................................
380,311
145,393
14,572
333.7
1,307
(D)
207,114
81,894
3,888
33,360
223.5
972
235
(D)
(D)
35,861
(D)
2,628
(D)
122.5
M
(D)
(D)
185
(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
(D
)
(D
)
(D)
541
O f which:
Publishing industries............................................................
Telecommunications............................................................
Finance (except depository institutions) and insurance......................... 4,716,284
(D)
(D)
285.6
(D)
(D) 3,957,790
257,764
18,155
40,914
215.1
Real estate and rental and leasing.................................................
134,536
38,108
7,582
47.6
(D)
541
115,945
34,883
6,459
15,955
46.0
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
DSuppressed to avoiddisclosure of data of individual com
panies.
Notes. The data inthis table are fromB A annual survey of the operations of U . affiliates of foreign com
E’
s
.S
panies; see
“ .S. A
U ffiliates of Foreign Com
panies: O
perations in2006”inthe A 2008 Survey of C u rre nt Business.
ugust
The follow ranges are given in em
ing
ploym cells that are suppressed: A 1 to 499; F 500 to 999; G 1,000
ent
—
—
—
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 m
—
ore.
A ugust 2 0 0 9
D -6 0
H. C harts
THE U.S. IN THE INTERNATIONAL ECONOMY
Billion $
BALANCE ON CURRENT ACCOUNT
Billion!
60
COMPONENTS OF CURRENT ACCOUNT BALANCE
Services
Income
-20
-40
-20
-6 0 -
-4 0 -
Unilateral tran sfers^ ''.A ,
-6 0 -
-8 0 -
Goods
-8 0 -
-120
-100 —
-120—
-140 —
-140 —
-160 —
— —
180
-160 —
-180
-200220—
-200-220 _
-240
Billion $
EXPORTS A IM
ND PORTS OF GOODS AN SERVICES
D
Billion!
150
600
CA
PITAL FLOW ON U.S. DIRECT
S
INVESTM ABROAD (OUTW
ENT
ARD)
125 — AND FOREIGN DIRECT INVESTM
ENT
INTHE UNITED STATES (IN A )
W RD
550 -
100-
650
Inward
500
450 -
350
300 250 -
200 -
-2 5 -
150
-5 0 -
10
0
B
illion
300
SECURITIES TRANSACTIONS
250 -
NET INTERNATIONAL INVESTM
ENT POSITION
V
ALUEDA CURRENT COST
T
200 Net foreign purchases of U.S. securities
150 -
Foreign assets in the United States
100 U.S. assets abroad
-50 Net investment position''- " ________ ______,
'
U . Bureau of Econom Analysis
.S
ic
A ugust 2 0 0 9
D -6 1
Regional Data
I. State and R egional Tables
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@bea.gov; write to the
Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230; or call 202-606-5360. For information on gross domestic product by state, e-mail
gdpbystate@bea.gov; write to the Regional Product Division, BE-61, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230; or call 202-606-5340.
Table 1.1 Personal Incom e by State and Region
[M
illions of dollars, seasonally adjusted at annual rates]
2005
A
rea
I
I
United States
N England..................
ew
Connecticut..................
M
aine.........................
Massachusetts..............
N Hampshire.............
ew
Rhode Island................
V
ermont......................
Mideast.........................
Delaware.....................
D of Colum
istrict
bia.........
M
aryland.....................
N Jersey..................
ew
N York.....................
ew
Pennsylvania................
Great Lakes
Illinois
Indiana.......................
M
ichigan.....................
O
hio...
W
isconsin....................
Plains....
Iow
a...
Kansas .......................
M
innesota....................
M
issouri......................
Nebraska....................
N Dakota................
orth
South D
akota................
Southeast......................
Alabama.....................
Arkansas ....................
Florida.......................
Georgia.......................
K
entucky.....................
Louisiana.....................
M
ississippi...................
N Carolina...............
orth
South Carolina...............
Tennessee...................
V
irginia.......................
W V
est irginia................
Southwest
A
rizona
N M
ew exico.................
Oklahoma....................
Texas
Rocky Mountain...............
Colorado.....................
Idaho
M
ontana.....................
U
tah..
W ing.....................
yom
Far W
esl
Alaska........................
California....................
H aii........................
aw
Nevada......................
Oregon......................
W
ashington..................
III
2007
2006
IV
10,169,828 10,269,082 10,541,055
586,507 598,227 607,751
165,023 168,528 172,452
40,120
40,509
41,099
275,280 281,537 285,428
48,340
49,125
49,591
37,635
38,079
38,541
20,449
20,108
20,638
1,868,754 1,905,452 1,941,263
30,319
30,789
32,258
31,604
32,198
32,525
230,884 234,849 238,441
372,996 380,052 385,116
776,603 795,413 815,392
426,347 432,152 437,531
1,514,510 1,532,054 1,546,163
459,355 466,781 471,924
190,247 192,351 194,167
324,465 326,298 328,250
360,481 364,067 368,095
179,962 182,558 183,726
649,921 659,705 666,147
94,071
92,679
94,760
87,415
88,954
89,744
188,465 191,597 193,095
179,287 181,589 184,039
57,974
57,154
58,663
20,214
19,966
20,403
24,956
25,305
25,444
2,313,562 2,263,337 2,406,371
132,880 133,344 137,933
75,127
74,328
76,706
607,251 621,773 634,222
281,183 286,279 292,855
116,378 117,803 118,912
128,941
46,320 140,509
73,527
68,556
78,566
266,368 270,556 274,217
119,248 121,130 123,071
182,032 185,371 187,796
284,113 289,285 293,217
47,793
47,313
48,366
1,085,782 1,113,315 1,138,043
180,311 185,625 188,724
53,029
53,839
54,548
105,494 107,567 110,021
746,948 766,284 784,751
329,558 336,581 342,008
173,818 177,048 179,265
40,419
41,226
42,002
27,821
27,223
28,233
68,824
72,114
70,578
19,274
20,394
19,908
1,821,234 1,860,411 1,893,310
23,854
24,346
24,700
1,326,755 1,357,460 1,380,004
43,791
44,286
45,177
89,742
90,902
92,483
113,350 115,633 116,890
223,741 227,784 234,056
I
II
III
IV
p Prelim
inary
r Revised
1. Percent change frompreceding period was calculated fromunrounded data.
N te. The personal incom level shown for the U States is derived as the sum of the state estim It differs
o
e
nited
ates.
I
II
10,762,175 10,899,551 11,042,683 11,207,803 11,447,305 11,548,389
622,779 630,355 636,475 648,016 663,282 667,800
176,969 178,556 180,622 183,750 189,067 190,271
42,711
44,477
41,670
42,265
42,969
44,148
292,761 296,879 298,899 304,915 311,624 313,591
50,941
51,969
54,662
51,301
53,647
53,751
40,352
38,865
39,760
40,587
41,815
41,676
21,574
21,594
21,923
22,877
23,124
22,148
1,979,698 2,006,202 2,028,841 2,066,936 2,120,443 2,121,831
33,237
32,539
32,903
33,109
34,153
34,515
33,797
34,221
34,688
35,055
36,006
36,349
241,597 244,073 247,365 250,480 257,121 259,970
397,167 402,913 405,446 412,369 424,116 425,582
826,626 839,158 849,798 871,600 893,511 887,330
447,974 452,933 458,306 464,324 475,535 478,084
1,570,641 1,587,917 1,603,219 1,617,307 1,663,724 1,669,947
482,030 488,052 492,931 499,720 517,397 521,552
198,589 200,366 202,624 204,229 208,074 209,234
329,047 332,270 334,111 335,040 344,128 344,226
372,283 376,741 380,643 382,830 393,381 393,235
188,692 190,489 192,910 195,488 200,743 201,701
676,280 684,385 690,294 701,557 720,493 729,032
95,518
96,489
97,426
99,173 101,968 103,305
92,970
94,209
95,519
99,711 100,917
97,943
197,140 199,549 201,189 203,304 209,295 212,203
186,818 188,860 190,222 192,713 196,426 197,979
58,879
59,675
59,799
61,354
62,849
63,849
20,042
20,450
20,567
21,001
22,468
22,636
24,914
25,152
25,573
28,144
26,068
27,777
2,448,936 2,483,014 2,517,550 2,553,289 2,597,680 2,628,782
138,491 140,760 142,824 144,444 147,643 149,042
78,012
80,362
79,318
81,688
83,288
84,409
652,674 663,301 674,614 683,346 689,214 694,590
295,007 298,832 302,708 307,380 315,373 317,723
121,912 123,268 124,737 126,316 128,785 130,160
136,158 138,069 140,262 142,825 146,424 154,614
77,932
78,727
77,243
79,774
80,767
83,510
279,162 282,618 287,433 292,567 300,614 302,746
127,419 129,006 130,759 132,495 134,574 136,038
190,868 194,618 196,120 199,180 201,798 204,126
302,402 305,074 308,249 311,948 316,728 319,030
49,587
50,220
50,756
51,327
52,472
52,793
1,164,547 1,183,968 1,204,402 1,226,495 1,250,891 1,269,734
194,543 197,373 201,417 204,527 205,774 207,079
55,706
56,431
57,248
59,100
59,818
58,096
114,755 115,904 117,728 119,116 123,110 125,060
799,544 814,259 828,009 844,756 862,907 877,776
351,411 355,915 363,261 368,597 374,166 380,039
185,229 186,064 190,015 191,547 194,741 197,516
43,047
44,126
44,537
45,821
47,214
46,756
28,632
29,032
29,667
30,132
31,155
31,549
74,771
76,292
73,391
77,712
77,939
79,363
21,112
21,922
22,750
23,159
23,803
24,399
1,947,882 1,967,795 1,998,641 2,025,606 2,056,627 2,081,224
25,294
25,815
26,085
26,535
26,882
27,180
1,421,156 1,432,775 1,455,298 1,473,093 1,493,590 1,510,674
46,238
47,016
47,787
48,297
49,219
49,736
93,642
97,234
96,113
99,059
99,449 100,586
121,429 122,692 124,723 126,585 128,735 130,286
240,123 243,384 247,514 252,037 258,751 262,763
2009
2008
III
11,701,751
676,704
193,449
44,936
318,232
54,775
41,907
23,406
2,151,960
34,710
37,135
262,189
429,210
904,576
484,140
1,686,796
527,835
211,231
347,502
396,709
203,519
738,623
105,059
101,716
214,097
200,746
64,947
23,265
28,794
2,661,212
150,891
85,487
705,253
320,988
130,934
155,699
84,643
306,404
137,923
206,033
323,517
53,439
1,288,785
210,275
60,866
127,501
890,143
385,566
200,823
47,773
32,029
80,119
24,821
2,112,106
27,367
1,530,566
50,548
102,437
132,241
268,946
IV
lr
IIr
III'
IV
r
Percent
change1
I"
2009:1
11,839,843 11,939,004 12,130,924 12,150,853 12,100,935 12,037,360
685,564 690,869 698,301 700,909 700,236 695,517
194,722 195,189 196,795 198,377 196,415 194,063
46,987
45,942
46,699
46,889
46,908
45,283
324,137 326,706 330,685 331,453 332,221 330,383
55,374
56,029
56,555
56,575
56,245
56,525
43,032
43,339
43,226
42,386
43,683
43,405
23,662
23,970
24,228
24,389
24,484
24,435
2,179,653 2,206,444 2,223,104 2,238,236 2,232,967 2,225,581
34,921
35,192
35,763
35,694
35,676
35,448
37,440
38,106
38,505
38,786
39,205
39,365
265,179 267,555 271,330 272,300 272,915 273,412
434,791 441,236 441,319 444,185 442,450 440,318
917,857 930,461 933,085 942,916 938,128 932,763
489,465 493,894 503,189 504,286 504,575 504,274
1,703,900 1,717,144 1,744,424 1,745,113 1,739,801 1,727,572
537,240 539,937 549,022 551,463 547,457 543,138
213,251 215,845 218,871 218,442 218,093 216,769
347,904 351,032 356,108 354,819 355,232 352,370
399,133 402,567 409,468 408,801 407,515 405,289
206,372 207,763 210,954 211,588 211,504 210,005
748,329 760,212 772,778 776,829 778,272 769,363
106,343 108,665 110,541 111,292 110,419 109,052
103,432 104,984 107,048 107,225 107,334 106,652
216,492 220,424 222,024 224,826 223,309 221,198
203,471 205,531 210,030 209,550 215,101 211,413
66,314
67,714
67,934
65,754
66,958
66,689
25,732
23,697
24,549
25,255
24,616
25,280
30,166
30,271
29,871
29,744
29,101
29,745
2,683,778 2,700,571 2,757,644 2,746,692 2,733,134 2,727,874
152,389 153,897 158,468 157,344 156,638 156,690
89,887
89,867
88,490
87,768
90,446
89,713
707,648 710,176 720,598 716,681 707,448 701,346
321,989 325,258 332,055 329,681 328,121 326,970
132,445 133,714 137,051 136,473 136,597 136,767
157,279 157,076 161,613 160,718 162,095 161,115
86,872
84,552
85,198
88,650
86,722
86,909
310,326 312,251 319,779 319,454 317,927 318,709
139,490 140,601 144,142 143,506 142,557 142,894
209,444 210,642 214,429 213,892 212,562 212,882
325,706 329,289 334,294 335,646 335,626 336,545
54,021
54,700
56,118
56,540
57,129
57,181
1,308,131 1,328,034 1,359,023 1,357,946 1,360,687 1,353,941
211,284 212,797 215,657 214,590 212,970 211,477
64,139
61,489
62,590
64,201
64,336
64,366
129,420 131,102 135,152 135,848 135,402 135,274
905,937 921,545 944,012 943,369 947,978 942,825
392,570 395,254 400,933 403,303 400,016 397,274
204,854 206,525 209,055 210,948 208,859 207,412
49,224
48,589
48,456
49,073
48,724
48,320
32,642
33,204
33,302
33,055
32,401
33,216
83,187
81,277
81,572
83,036
82,576
82,268
26,792
26,059
26,413
26,641
26,219
25,448
2,137,917 2,140,476 2,174,717 2,181,825 2,155,822 2,140,239
29,712
29,371
27,662
29,105
30,335
30,091
1,548,190 1,547,385 1,574,312 1,577,087 1,556,736 1,544,246
52,571
50,999
51,639
52,432
52,340
52,155
104,724 104,347 104,679 104,946 103,097 102,280
133,849 134,485 136,822 136,762 136,034 135,360
272,493 273,516 276,760 280,599 277,466 276,411
-0.5
-0.7
-1.2
0.2
-0.6
-0.5
-0.6
-0.2
-0.3
-0.7
0.4
0.2
-0.5
-0.6
-0.1
-0.7
-0.8
-0.6
-0.8
-0.5
-0.7
-1.1
-1.2
-0.6
-0.9
-1.7
-0.4
-2.6
-0.4
-0.2
0.0
0.2
-0.9
-0.4
0.1
-0.6
0.2
0.2
0.2
0.2
0.3
0.1
-0.5
-0.7
0.0
-0.1
-0.5
-0.7
-0.7
-0.8
-0.5
-0.4
-1.6
-0.7
-3.2
-0.8
0.8
-0.8
-0.5
-0.4
fromthe estimate of personal incom inthe national incom and product accounts because of differences incoverage, in
e
e
the m
ethodologies used to prepare the estim and inthe tim of the availabilityof source data.
ates,
ing
Source: Table 1inthe “
Regional Q
uarterly Report”inthe July2009 Survey of C u rre n t Business
D -6 2
R e g io n a l D a t a
A ugust 2 0 0 9
Table 1.2. Annual Personal Income and Per Capita Personal Income by State and Region
Personal income
2003
Delaware..................................
Maryland..................................
NewJersey................................
NewYork..................................
Pennsylvania.............................
Great Lakes.................................
Illinois......................................
Indiana.....................................
M
ichigan...................................
Ohio.........................................
Wisconsin.................................
Plains.........................................
Iowa.........................................
Kansas.....................................
Minnesota.................................
Missouri....................................
Nebraska..................................
North Dakota.............................
South Dakota..............................
Southeast....................................
Alabama...................................
Arkansas..................................
Florida.....................................
Georgia.....................................
Kentucky...................................
Louisiana..................................
M
ississippi.................................
North Carolina............................
South Carolina............................
Tennessee.................................
Virginia.....................................
W Virginia.............................
est
Arizona.....................................
N M
ew exico...............................
Oklahoma..................................
Texas
Rocky Mountain............................
Colorado
Idaho
Montana...................................
U
tah
W ing...................................
yom
Far West
Alaska
California..................................
Hawaii......................................
Nevada.....................................
Oregon.....................................
W
ashington................................
9,150,320
538,413
148,777
37,533
253,993
44,327
35,072
18,711
1,690,345
27,395
26,914
205,737
342,858
693,533
393,908
1,428,321
426,877
178,675
313,503
341,146
168,120
598,619
83,920
81,116
173,498
166,129
53,391
18,179
22,386
2,040,368
118,356
66,476
514,378
250,806
106,319
115,695
66,305
234,983
107,203
165,402
250,605
43,841
939,250
150,582
46,650
92,599
649,419
289,654
154,829
34,816
24,177
59,412
16,420
1,625,348
21,184
1,187,040
37,837
71,183
105,161
202,942
2004
2005r
2006r
2007r
2008p
9,711,363 10,252,973 10,978,053 11,634,322 12,086,534
569,244
592,994
634,406
673,337
696,792
159,337
179,974
167,090
191,877
196,939
42,404
39,488
44,711
40,378
46,578
266,635
278,704
298,363
316,896
329,673
51,964
47,190
48,682
54,640
56,356
43,091
36,818
37,868
39,891
41,946
19,776
20,273
21,810
23,267
24,155
1,794,306 1,890,644 2,020,419 2,143,472 2,225,405
29,331
30,852
32,947
34,575
35,667
29,203
31,847
34,440
36,732
38,464
220,127
245,879
232,950
261,115
270,924
361,822
376,912
404,474
428,425
442,116
739,969
846,795
788,561
900,819
937,010
413,855
429,522
455,884
481,806
501,225
1,476,856 1,523,374 1,594,771 1,681,092 1,735,439
445,151
463,089
490,683
526,006
546,985
186,210
191,163
201,452
210,448
217,467
332,617
318,736
325,293
345,940
353,113
378,124
352,103
395,614
407,874
362,676
174,655
181,153
191,895
203,084
209,999
630,728
654,764
688,129
734,120
770,668
97,152
90,436
93,203
104,168
110,135
101,444
106,421
84,642
88,106
95,160
183,821
200,296
213,022
190,286
223,288
173,906
189,653
180,509
199,655
208,255
59,927
55,424
57,517
64,360
67,288
18,645
20,515
23,017
25,224
20,055
25,427
23,853
25,088
28,454
30,057
2,183,763 2,315,029 2,500,697 2,642,863 2,736,883
141,630
126,270
133,706
149,991
156,840
70,701
79,845
85,418
89,277
74,859
668,484
716,089
565,681
614,433
699,176
329,071
264,854
284,277
300,982
319,018
111,847
116,941
124,058
130,581
135,873
122,346
110,823
139,329
153,504
159,983
78,419
86,891
69,700
73,292
83,368
250,921
268,512
285,445
305,022
317,613
113,603
120,224
129,920
137,006
142,836
183,714
195,197
213,359
174,636
205,350
267,521
306,918
286,685
321,245
333,110
55,941
50,472
45,686
47,565
53,181
1,009,685 1,101,099 1,194,853 1,279,385 1,350,689
199,465
164,923
182,533
208,603
214,203
49,813
53,383
56,870
60,318
63,680
100,024
106,740
116,876
126,273
134,400
821,642
694,925
884,191
938,406
758,443
308,950
359,796
383,085
400,800
333,093
209,321
175,371
188,214
163,736
199,483
38,079
40,845
44,383
47,583
48,965
25,813
29,366
31,783
33,140
27,520
63,565
69,747
75,598
79,618
82,890
22,236
26,484
17,756
19,610
24,618
1,737,831 1,841,974 1,984,981 2,096,968 2,169,858
22,434
24,127
25,932
29,731
27,273
1,265,970 1,342,754 1,445,581 1,520,755 1,569,370
47,334
41,027
44,111
50,125
52,159
96,512
101,799
80,250
90,018
104,924
123,857
109,718
114,379
131,278
136,277
218,432
245,765
265,738
277,397
226,585
p Prelim
inary
r Revised
1. Per capita personal incom w com
e as puted using m
idyear population estimates of the Census Bureau.
2. Percent change fromthe preceding periodwas calculatedfromunrounded data.
Percent
change2
M
illions of dollars
Area
United States.........................
New England................................
Connecticut...............................
M
aine.......................................
Massachusetts...........................
NewHampshire..........................
Rhode Island.............................
Verm ont ....................................
Per capita personal income'
2008
3.9
3.5
2.6
4.2
4.0
3.1
2.7
3.8
3.8
3.2
4.7
3.8
3.2
4.0
4.0
3.2
4.0
3.3
2.1
3.1
3.4
5.0
5.7
4.9
4.8
4.3
4.5
9.6
5.6
3.6
4.6
4.5
2.4
3.2
4.1
4.2
4.2
4.1
4.3
3.9
3.7
5.2
5.6
2.7
5.6
6.4
6.1
4.6
4.9
2.9
4.3
4.1
7.6
3.5
9.0
3.2
4.1
3.1
3.8
4.4
Rank in
U
nited
States
Dollars
2003r
31,530
37,966
42,901
28,811
39,431
34,596
32,737
30,340
35,946
33,644
46,614
37,441
39,916
36,064
31,979
31,213
33,849
28,917
31,145
29,846
30,710
30,637
28,608
29,799
34,378
29,122
30,811
28,733
29,207
28,380
26,380
24,459
30,369
28,720
25,863
25,862
23,129
27,942
25,873
28,276
34,034
24,325
28,452
26,959
24,975
26,486
29,436
29,838
34,041
25,543
26,373
24,958
32,902
33,108
32,570
33,620
30,555
31,866
29,607
33,214
2004r
33,157
40,081
45,848
30,191
41,420
36,523
34,375
31,977
38,014
35,523
50,392
39,741
41,971
38,338
33,550
32,161
35,146
29,982
31,588
30,765
31,705
32,105
30,732
30,992
36,199
30,283
31,827
29,307
30,837
29,970
28,019
25,801
32,672
29,723
27,045
27,262
24,163
29,440
27,069
29,565
35,886
25,334
30,071
28,680
26,366
28,481
30,989
31,337
35,594
27,389
27,877
26,053
35,314
35,021
33,941
35,531
32,782
34,533
30,679
35,347
2005r
34,690
41,736
48,032
30,798
43,315
37,432
35,575
32,736
39,955
36,793
54,715
41,781
43,651
40,781
34,774
33,091
36,452
30,593
32,229
31,672
32,706
33,153
31,575
32,130
37,275
31,202
32,847
31,571
32,193
31,324
29,468
27,035
34,709
31,260
28,071
24,651
25,289
31,002
28,292
30,705
37,988
26,366
32,181
30,620
27,907
30,237
33,249
33,213
37,611
28,681
29,436
27,885
38,755
36,768
36,084
37,418
34,885
37,481
31,580
36,227
2006'
36,794
44,574
51,600
32,287
46,305
39,703
37,669
35,166
42,595
38,745
58,830
43,889
46,813
43,724
36,800
34,545
38,456
32,006
32,985
33,000
34,461
34,608
32,741
34,525
38,944
32,514
34,053
32,233
32,293
33,457
30,873
28,473
37,099
32,299
29,542
32,832
27,072
32,271
30,041
32,167
40,234
27,935
34,088
32,285
29,346
32,755
35,162
35,082
39,612
30,374
31,061
29,243
43,381
39,230
38,344
40,020
37,117
38,850
33,648
38,639
2007r
38,615
47,221
54,981
33,991
48,995
41,639
39,829
37,483
45,058
40,112
62,484
46,471
49,511
46,364
38,793
36,318
41,012
33,215
34,423
34,468
36,272
36,661
34,916
36,525
41,105
33,964
36,372
36,082
35,760
34,859
32,419
30,177
38,417
33,499
30,824
35,100
28,541
33,735
31,103
33,395
41,727
29,385
35,768
32,833
30,706
34,997
37,083
36,527
41,192
31,804
33,225
29,831
47,047
41,056
40,042
41,805
39,242
39,853
35,143
41,203
2008p
39,751
48,715
56,248
35,381
50,735
42,830
41,008
38,880
46,635
40,852
64,991
48,091
50,919
48,076
40,265
37,405
42,397
34,103
35,299
35,511
37,314
38,217
36,680
37,978
42,772
35,228
37,730
39,321
37,375
35,706
33,643
31,266
39,070
33,975
31,826
36,271
29,569
34,439
31,884
34,330
42,876
30,831
37,052
32,953
32,091
36,899
38,575
37,459
42,377
32,133
34,256
30,291
49,719
41,994
43,321
42,696
40,490
40,353
35,956
42,356
2008
1
33
3
9
15
22
16
5
2
6
19
12
39
34
32
27
29
24
10
35
25
20
26
41
47
21
40
46
30
50
36
45
37
8
48
42
44
28
23
13
43
38
49
4
7
1
1
17
18
31
14
Note. The personal incom level show for the U
e
n
nited States is derived as the sumof the state estim It differs
ates.
fromthe estim of personal incom inthe national incom and product accounts because of differences incoverage, in
ate
e
e
the m
ethodologies used to prepare the estim and inthe tim of the availabilityof source data.
ates,
ing
Source: T 2 inthe “ egional Q
able
R
uarterly Report”inthe A 2009 Survey of Cu rre nt Business.
pril
A u gu st 2 0 0 9
Su r v e y
of
C u r r e n t B u sin ess
D -6 3
Table 1.3. Disposable Personal Income and Per Capita Disposable Personal Income by State and Region
Disposable personal income
Area
Percent
change2
M
illions of dollars
2003
United States.........................
New England................................
Connecticut...............................
M
aine
Massachusetts
NewHampshire
Rhode Island
Vermont....
Mideast
Delaware..
District of Columbia......................
Maryland..
NewJersey
NewY
ork..
Pennsylvania
Great Lakes..................................
Illinois......................................
Indiana.....................................
M
ichigan...................................
Ohio.........................................
Wisconsin.................................
Plains..........................................
Iowa.........................................
Kansas
M
innesota.
M
issouri....
Nebraska..
North Dakota
South Dakota
Southeast....
Alabama...
Arkansas..
Florida....
Georgia...
Kentucky...
Louisiana..
M
ississippi
North Carolina
South Carolina
Tennessee.................................
V
irginia
West Virginia..............................
Southwest
Arizona
N M
ew exico...............................
Oklahoma.................................
Texas
Rocky Mountain............................
Colorado
Idaho
M
ontana
U
tah
W ing...................................
yom
Far West
Alaska......................................
California
Hawaii......................................
Nevada.....................................
Oregon.....................................
W
ashington................................
8,150,333
468,091
126,684
33,713
219,666
39,979
31,192
16,857
1,474,695
24,183
23,436
178,801
299,674
597,414
351,187
1,273,948
379,815
160,676
281,273
302,840
149,343
537,211
76,099
73,094
152,623
149,429
48,403
16,745
20,819
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
857,087
136,028
42,493
83,929
594,637
259,930
137,882
31,603
21,981
53,574
14,890
1,438,886
19,269
1,044,737
33,841
63,811
93,365
183,863
2004
8,666,164
495,549
135,760
35,562
230,805
42,764
32,799
17,859
1,565,954
25,898
25,459
191,478
317,360
635,806
369,952
1,321,238
397,414
168,139
287,282
312,785
155,619
568,066
82,341
76,496
162,522
157,119
50,242
17,170
22,177
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
925,182
149,109
45,555
90,998
639,520
277,937
146,185
34,662
23,486
57,451
16,153
1,540,910
20,561
1,115,556
36,712
71,698
97,346
199,037
2005'
9,046,437
509,821
139,805
36,047
238,676
43,678
33,525
18,090
1,631,236
26,867
27,582
201,008
326,061
669,930
379,787
1,352,028
409,083
171,128
291,487
320,199
160,131
583,828
84,077
78,704
166,369
161,481
51,692
18,364
23,141
2,065,728
121,020
67,758
545,893
252,539
104,454
98,743
67,761
238,257
107,826
168,795
249,502
43,179
996,884
162,650
48,402
95,960
689,873
295,902
154,901
36,576
24,762
62,112
17,551
1,611,010
21,989
1,165,929
39,004
79,520
100,025
204,544
2006r
2007'
2008p
9,626,197 10,142,960 10,626,653
542,124
570,787
595,747
149,568
157,670
163,771
39,620
37,706
41,591
253,982
267,549
280,286
46,362
48,496
50,400
35,136
36,850
38,182
19,371
20,602
21,517
1,730,530 1,820,593 1,904,157
30,129
28,683
31,327
29,661
31,513
33,287
222,372
211,085
232,808
348,470
366,260
381,351
711,997
749,054
784,557
400,634
421,265
440,827
1,407,398 1,478,492 1,537,706
429,924
458,883
481,199
179,460
186,601
194,093
297,196
308,365
317,303
332,294
346,891
360,319
168,524
177,752
184,792
608,736
646,640
683,656
86,897
92,884
98,842
84,225
89,186
94,271
174,144
184,355
194,720
168,524
176,479
185,264
53,262
57,043
60,063
18,543
20,798
22,981
23,141
25,896
27,516
2,221,718 2,336,028 2,439,344
134,066
141,244
127,066
71,999
76,747
80,722
593,124
617,326
639,290
265,333
279,613
291,362
110,780
116,033
121,349
137,634
125,206
144,015
71,768
76,016
79,569
251,090
266,600
279,537
121,721
127,927
115,908
186,112
177,833
194,695
265,924
276,208
288,964
47,953
45,688
50,670
1,073,610 1,143,580 1,216,960
184,284
176,948
191,045
51,101
53,985
57,391
104,238
112,556
120,718
792,755
741,323
847,807
316,226
333,806
352,353
172,871
164,555
182,953
39,370
41,953
43,639
28,227
26,205
29,630
66,608
69,336
72,902
19,487
21,419
23,228
1,725,855 1,813,034 1,896,728
23,524
24,606
27,080
1,247,337 1,304,603 1,361,491
41,748
44,099
46,296
85,297
89,240
93,002
107,813
113,885
119,927
236,601
248,932
220,136
Prelim
inary
rR
evised
1. Per capita disposable personal incom was com
e
puted using m
idyear population estimates of the Census B
ureau.
2. Percent change fromthe preceding period was calculated fromunrounded data.
p
Per capita disposable personal income1
2008
4.8
4.4
3.9
5.0
4.8
3.9
3.6
4.4
4.6
4.0
5.6
4.7
4.1
4.7
4.6
4.0
4.9
4.0
2.9
3.9
4.0
5.7
6.4
5.7
5.6
5.0
5.3
10.5
6.3
4.4
5.4
5.2
3.6
4.2
4.6
4.6
4.7
4.9
5.1
4.6
4.6
5.7
6.4
3.7
6.3
7.3
6.9
5.6
5.8
4.0
5.0
5.1
8.4
4.6
10.1
4.4
5.0
4.2
5.3
5.2
Rank in
United
States
Dollars
2003'
28,084
33,007
36,530
25,878
34,102
31,203
29,116
27,335
31,360
29,700
40,590
32,539
34,888
31,065
28,511
27,840
30,118
26,004
27,943
26,494
27,280
27,495
25,942
26,852
30,242
26,194
27,932
26,466
27,163
25,600
24,014
22,261
27,567
25,632
23,158
23,686
21,336
24,953
23,443
26,065
29,838
22,195
25,963
24,354
22,749
24,006
26,953
26,776
30,315
23,186
23,977
22,506
29,836
29,310
29,626
29,590
27,328
28,566
26,286
30,091
2004'
29,588
34,892
39,064
27,190
35,854
33,098
30,622
28,878
33,176
31,366
43,932
34,569
36,813
32,941
29,990
28,772
31,377
27,072
28,471
27,329
28,249
28,916
27,981
28,009
32,005
27,360
28,851
26,988
28,669
27,055
25,557
23,529
29,494
26,589
24,328
25,014
22,367
26,381
24,603
27,337
31,557
23,222
27,554
25,930
24,113
25,911
28,518
28,191
31,779
24,931
25,364
23,547
32,124
31,053
31,107
31,310
29,334
30,853
27,220
32,208
2005r
30,608
35,882
40,189
27,495
37,094
33,585
31,495
29,212
34,473
32,041
47,389
36,052
37,762
34,646
30,747
29,369
32,201
27,387
28,879
27,963
28,911
29,562
28,484
28,701
32,590
27,913
29,520
28,910
29,694
27,950
26,672
24,471
30,837
27,770
25,073
21,964
23,380
27,509
25,375
28,211
33,061
23,935
29,136
27,285
25,303
27,183
30,243
29,505
33,221
25,683
26,487
24,832
34,685
32,158
32,887
32,490
30,846
33,110
27,616
32,703
2006'
32,263
38,090
42,882
28,709
39,417
35,423
33,179
31,234
36,483
33,730
50,666
37,679
40,331
36,763
32,340
30,487
33,694
28,512
29,472
29,000
30,264
30,615
29,285
30,558
33,859
28,892
30,266
29,134
29,390
29,725
27,698
25,675
32,916
28,473
26,380
29,504
24,776
28,387
26,801
29,305
34,860
25,287
30,629
28,640
26,369
29,214
31,724
30,834
34,632
26,944
27,718
25,766
38,018
34,109
34,783
34,532
32,737
34,336
29,289
34,610
2007'
33,665
40,029
45,179
30,120
41,366
36,957
34,990
33,188
38,271
34,954
53,606
39,576
42,327
38,553
33,919
31,941
. 35,778
29,452
30,684
30,223
31,748
32,292
31,134
32,111
35,574
30,022
32,237
32,604
32,545
30,812
28,977
27,114
33,920
29,361
27,390
31,471
26,024
29,486
27,633
30,267
35,877
26,496
31,971
29,006
27,481
31,195
33,248
31,828
35,697
28,040
29,507
25,979
40,935
35,497
36,126
35,863
34,524
34,936
30,487
36,685
2008p
34,949
41,650
46,775
31,593
43,134
38,304
36,336
34,634
39,903
35,880
56,245
41,325
43,921
40,254
35,413
33,143
37,298
30,437
31,719
31,370
32,835
33,902
32,919
33,642
37,300
31,339
33,678
35,824
34,216
31,824
30,297
28,270
34,880
30,082
28,424
32,651
27,077
30,311
28,556
31,327
37,194
27,926
33,384
29,391
28,922
33,143
34,850
32,931
37,039
28,638
30,627
26,641
43,607
36,708
39,458
37,041
35,939
35,768
31,643
38,009
2008
1
33
4
8
15
23
17
5
2
6
20
ii
38
31
34
29
28
26
10
35
25
18
24
40
47
21
41
46
30
49
39
45
36
12
48
42
43
27
22
14
44
37
50
3
7
13
16
19
32
9
Note. The personal incom level show for the U
e
n
nited States is derived as the sum of the state estim It differs
ates.
fromthe estimate of personal incom inthe national incom and product accounts because of differences incoverage, in
e
e
the m
ethodologies used to prepare the estim and inthe tim of the availabilityof source data.
ates,
ing
Source: T 3 inthe “R
able
egional Q
uarterly Report”inthe A 2009 Survey o C u rre nt Business.
pril
f
D -6 4
A ugust 2 0 0 9
R e g io n a l D a t a
Table 1.4. Gross Domestic Product (GDP) by State for Industries, 2008
[M n of dollars]
illio s
State and region
Rank of
total
GDP by
state
United States..........
New England..................
Connecticut.................
M
aine.........................
Massachusetts.............
N Hampshire............
ew
Rhode Island...............
Vermont.....................
Mideast.........................
Delaware....................
Maryland....................
NewJersey..................
NewYork....................
Pennsylvania...............
Great Lakes...................
Illinois........................
Indiana.......................
M
ichigan.....................
Ohio..........................
Wisconsin...................
Iowa..........................
Kansas ......................
Minnesota...................
M
issouri......................
Nebraska....................
North Dakota...............
South Dakota...............
Southeast.....................
Alabama..
Arkansas,
Florida...
Georgia...,
Kentucky.,
Louisiana.
Mississippi..................
N Carolina.............
orth
South Carolina.............
Tennessee
Virginia....
W Virginia...............
est
Southwest.....................
Arizona......................
N M
ew exico.................
Oklahoma...................
Texas.........................
Rocky Mountain.............
Colorado.....................
Idaho.........................
Montana.....................
Utah..........................
W ing.....................
yom
Far West........................
Alaska........................
California....................
Hawaii........................
Nevada ......................
Oregon......................
Washington..................
24
43
13
41
45
50
39
15
7
3
6
5
17
12
8
21
30
32
16
22
36
49
46
25
34
4
10
27
23
35
9
28
18
1
1
40
19
37
29
2
20
42
47
33
48
44
1
38
31
26
14
Total
14,165,565
763,683
216,174
49,709
364,988
60,005
47,364
25,442
2,605,113
61,828
97,235
273,333
474,936
1,144,481
553,301
1,983,039
633,697
254,861
382,544
471,508
240,429
910,517
135,702
122,731
262,847
237,797
83,273
31,208
36,959
3,148,037
170,014
98,331
744,120
397,756
156,436
222,218
91,782
400,192
156,384
252,127
397,025
61,652
1,698,748
248,888
79,901
146,448
1,223,511
482,328
248,603
52,747
35,891
109,777
35,310
2,574,100
47,912
1,846,757
63,847
131,233
161,573
322,778
N
atural
Nondurableresources Construction Durable-goods
goods
manufacturing manufacturing
and m
ining
483,038
3,315
475
759
1,103
303
122
554
14,141
455
1
1,254
958
3,827
7,647
28,134
8,163
4,824
4,338
5,893
4,916
41,557
9,026
6,960
7,336
4,109
5,803
4,664
3,660
90,891
5,450
5,011
7,567
5,000
6,392
38,408
5,554
4,493
1,403
1,851
3,837
5,926
192,030
7,259
13,708
22,850
148,214
38,777
14,472
3,467
4,040
4,710
12,088
74,192
15,498
43,333
406
3,350
4,190
7,415
581,537
26,634
5,793
2,222
13,267
2,300
1,995
1,058
91,233
2,011
1,159
14,727
17,321
34,088
21,928
74,734
25,786
10,287
13,020
16,262
9,379
34,822
4,769
4,364
9,791
10,046
3,112
1,418
1,323
143,916
7,568
3,987
41,929
17,464
6,028
9,680
4,438
16,628
7,719
9,596
16,384
2,494
80,964
13,269
3,473
5,369
58,853
24,323
12,099
2,720
2,007
5,343
2,154
104,911
1,829
67,770
3,596
10,665
6,339
14,711
914,711
54,360
17,863
2,920
23,646
4,818
3,000
2,112
94,225
1,132
63
6,600
13,899
30,349
42,183
214,502
45,583
38,399
45,866
55,372
29,283
73,870
15,301
11,881
20,999
16,299
4,778
1,997
2,614
193,231
18,196
9,386
24,118
18,382
16,630
8,613
8,181
30,979
15,119
24,487
15,651
3,487
107,262
16,212
4,195
9,703
77,151
23,528
9,456
3,423
833
9,442
373
153,734
163
100,274
427
4,200
25,388
23,282
722,960
28,873
11,000
2,574
11,160
1,700
1,650
789
114,216
3,433
130
8,594
29,957
38,787
33,314
122,706
33,176
25,381
15,891
28,686
19,572
54,904
12,869
6,718
12,726
15,748
5,085
837
921
199,676
11,079
7,697
11,602
24,902
12,203
31,932
5,548
46,977
10,054
16,107
18,447
3,130
92,081
3,314
1,072
6,042
81,652
13,123
6,443
1,778
618
3,576
708
97,380
791
80,860
664
1,540
4,813
8,713
N te. Totals show for the U States differ from the national incom and product account statistics of gross
o
n
nited
e
dom product (G P) because G P by state excludes and national G P includes the com
estic
D
D
D
pensation of federal civilian
and m
ilitarypersonnel stationed abroad and governm consum offixedcapital for m
ent
ption
ilitarystructures locatedabroad
Trade
1,704,273
85,315
23,169
6,897
38,376
8,434
5,153
3,286
280,482
4,634
2,079
29,584
67,259
110,544
66,381
247,109
79,147
30,319
49,025
60,401
28,217
114,834
15,630
15,736
33,470
31,476
9,742
4,259
4,522
403,610
23,023
13,622
102,447
56,941
20,067
23,242
11,963
46,711
21,277
37,583
39,251
7,484
206,556
33,367
7,896
16,927
148,365
56,728
28,508
7,273
4,383
13,455
3,109
309,639
2,927
223,755
6,590
15,023
19,205
42,139
Transportation Inform
ation Financial
activities
and utilities
720,882
27,907
7,921
2,319
11,515
3,132
1,756
1,263
115,571
1,979
1,336
14,369
23,731
40,405
33,752
113,394
37,408
16,536
19,838
27,479
12,133
53,332
7,923
7,216
11,852
13,391
8,803
2,278
1,868
169,004
9,817
7,022
35,381
24,832
10,372
13,802
6,037
16,708
8,600
13,989
17,365
5,080
107,368
11,437
4,076
8,903
82,952
24,086
9,639
2,669
3,034
5,184
3,560
110,220
5,039
75,890
3,351
6,330
7,081
12,529
621,986
31,987
8,213
1,277
17,565
2,184
1,803
944
139,307
1,250
5,612
10,081
22,063
80,138
20,164
59,086
23,141
5,641
10,541
12,436
7,326
36,040
3,864
7,220
9,088
11,117
2,759
1,002
991
119,868
4,418
3,853
30,497
25,260
4,143
4,447
2,096
12,097
4,313
8,438
18,820
1,484
59,605
6,662
2,112
4,498
46,334
27,621
21,137
1,229
938
3,834
483
148,472
1,046
112,752
1,391
2,364
5,420
25,499
Professional Education Leisure
and
Other
and
business and health hospitality services Government
services
services
2,848,410 1,805,772 1,157,916
86,013
188,953
111,355
29,282
20,504
61,023
9,865
4,596
6,063
44,010
87,286
63,351
13,852
7,034
6,633
12,301
4,961
5,656
4,627
3,147
2,131
674,662
382,607 239,860
3,953
27,420
7,588
13,671
24,609
6,929
53,919
41,931
24,896
110,823
72,742
39,766
363,255
162,536
99,982
105,574
73,201
64,334
369,162
252,830 174,954
95,820
49,976
137,243
38,201
21,253
22,268
54,071
67,060
35,669
44,134
81,461
59,603
22,083
22,906
45,196
157,068
101,701
79,845
8,447
10,354
24,581
12,509
9,446
16,889
53,522
25,136
36,989
21,864
36,116
32,017
6,802
12,893
7,885
2,744
4,191
1,865
8,878
1,989
3,499
560,883
369,289 246,449
16,192
13,071
24,215
8,162
12,065
8,639
93,052
63,525
181,383
69,226
49,838
28,323
20,263
13,258
13,910
14,094
22,302
17,965
7,224
11,333
6,490
30,032
76,592
42,039
15,576
10,655
23,753
25,721
38,728
29,151
73,425
72,701
25,775
7,597
5,955
4,388
256,714
193,209 113,885
57,732
29,962
21,425
9,088
5,877
10,035
10,657
17,531
13,375
140,784
75,926
171,416
60,244
32,925
85,923
36,574
46,224
16,488
8,943
6,446
4,259
2,836
3,401
5,568
7,297
12,830
21,768
1,480
3,420
1,559
183,985
555,045
334,536
2,562
4,792
2,691
416,324
260,133
131,067
13,903
5,789
4,918
28,606
14,035
7,019
29,051
16,113
14,139
24,279
62,369
35,775
536,346 326,796
26,746 16,164
6,197
4,285
2,067
1,121
12,927
7,648
2,346
1,458
1,841
1,031
1,368
620
87,979 61,692
1,467
1,107
3,602
6,297
9,198
7,044
17,262
9,809
39,587 23,497
16,862 13,938
66,558 47,536
21,470 15,524
9,638
6,197
13,405
9,281
14,673 11,009
7,372
5,525
30,247 21,126
4,290
2,864
3,447
2,929
8,202
5,935
9,907
6,140
2,160
1,791
904
659
1,337
808
127,683 75,343
4,845
4,388
2,898
2,313
42,321 19,701
13,883
8,269
5,159
3,442
8,863
4,278
4,620
2,220
12,830
8,105
6,890
3,957
11,048
6,873
12,055 10,419
2,271
1,378
54,993 34,842
10,989
4,878
2,846
1,664
4,384
3,187
36,774 25,113
19,898 11,727
11,079
5,877
1,919
1,076
1,743
885
3,849
3,311
1,307
578
122,243 58,366
1,440
702
75,639 42,196
6,087
1,592
22,400
2,337
5,305
3,784
11,371
7,755
1,740,939
76,062
20,448
7,031
33,134
5,812
6,095
3,542
309,137
5,398
31,749
51,133
49,344
117,487
54,025
212,334
61,261
25,918
44,538
54,098
26,519
111,170
15,784
17,418
27,801
29,567
11,660
4,391
4,549
448,195
27,752
13,675
90,599
55,436
24,568
24,591
16,077
56,001
27,068
28,556
72,895
10,977
199,239
32,383
13,859
23,021
129,976
63,426
30,608
7,544
5,604
15,178
4,491
321,378
8,432
216,764
15,133
13,364
20,745
46,940
and for m
ilitaryequipm except office equipm A G P bystate and national G P have different revision schedent,
ent. lso, D
D
ules.
Source: This table reflects the G P-by-state statistics for 2008 that w released on June 2,2009.
D
ere
A u g u st 2 0 0 9
D -6 5
J. Local A rea Table
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Personal income
Area
Percent change from
preceding period2
M
illions of dollars
2005
2006
2007
United States3...................................... 10,252,973 10,978,053 11,634,322
Metropolitan portion................................................. 8,978,109 9,639,016 10,213,729
Nonmetropolitan portion............................................ 1,274,864 1,339,037 1,420,593
Metropolitan statistical areas4
Abilene, TX...............................................................
4,399
4,628
5,006
A
kron, OH................................................................
23,367
24,462
25,561
A
lbany, GA...............................................................
3,991
4,085
4,240
Albany-Schenectady-Troy, NY........................................
30,453
32,103
33,301
Albuquerque, NM.......................................................
24,616
26,408
27,744
Alexandria, LA
...........................................................
4,426
4,587
4,811
Allentown-Bethlehem-Easton, PA-NJ...............................
26,320
28,022
29,722
Altoona, P
A
3,483
3,605
3,811
A arillo, TX
m
....
7,177
6,851
7,715
Ames, IA..
2,534
2,707
2,895
Anchorage, A
K
13,827
14,904
15,669
Anderson, IN..
3,646
3,829
3,925
Anderson, SC............................................................
4,674
5,008
5,234
A A Ml.
nn rbor,
13,473
14,234
13,061
Anniston-Oxford, A
L
3,082
3,246
3,488
Appleton, W
l...
7,126
8,041
7,523
Asheville, N
C..
11,497
12,253
13,078
Athens-Clarke County, GA............................................
4,977
4,711
5,268
Atlanta-Sandy Springs-M
arietta. GA................................
175,197
186,590
198,580
Atlantic City-Hammonton, NJ........................................
9,096
9,501
9,807
Auburn-Opelika, AL....................................................
3,058
3,275
3,509
Augusta-Richmond County, GA-SC................................
14,674
15,393
16,159
Austin-Round Rock, T
X
51,059
55,636
59,306
Bakersfield, C
A
18,649
19,927
21,325
Baltim
ore-Towson, M
D
108,790
115,091
122,235
Bangor, ME............
4,173
4,353
4,541
Barnstable Tow MA,
n,
10,067
9,528
10,576
Baton Rouge, LA
.....
22,011
24,578
26,341
Battle Creek, Ml........................................................
3,873
3,931
4,076
Bay C Ml....
ity,
2,996
3,081
3,184
Beaumont-Port A
rthur, TX............................................
11,782
10,938
12,425
Bellingham W
, A
5,444
5,939
6,441
Bend, OR.....
4,494
5,089
5,392
B
illings, M
T
4,897
5,230
5,675
Binghamton, N
Y
7,327
7,679
6,891
Birm
ingham
-Hoover, AL...............................................
38,981
41,069
43,683
Bism
arck, ND............................................................
3,259
3,433
3,683
Blacksburg-Christiansburg-Radford, V ............................
A
3,686
3,969
4,151
Bloom
ington, IN.........................................................
4,686
4,943
5,222
Bloom
ington-Norm IL...............................................
al,
5,137
5,515
5,790
Boise City-Nampa, ID
..................................................
17,647
19,779
20,963
Boston-Cambridge-Quincy, M
A-NH.................................
209,954 225,661
240,085
Boulder, CO..............................................................
14,841
13,190
13,978
B ling Green, K .....................................................
ow
Y
3,269
3,055
3,463
Bradenton-Sarasota-Venice, FL.....................................
31,488
28,843
33,055
Bremerton-Silverdale, W ............................................
A
9,320
8,787
9,889
Bridgeport-Stamford-Norwalk, CT...................................
67,497
61,573
72,651
Brownsville-Harlingen, TX............................................
6,631
7,043
7,570
Brunswick, GA...........................................................
3,064
3,294
3,477
Buffalo-Niagara Falls, NY.............................................
38,047
36,298
39,471
Burlington, NC...........................................................
4,282
3,801
4,063
Burlington-South Burlington, VT....................................
7,234
7,793
8,275
Canton-M
assillon, OH.................................................
12,052
12,607
11,713
Cape Coral-Fort M FL............................................
yers,
20,825
24,674
23,539
Cape Girardeau-Jackson, M
O-IL....................................
2,454
2,723
2,569
Carson C N
ity, V
2,207
2,283
2,138
Casper, W
Y....
2,944
3,413
3,772
Cedar Rapids, IA
8,216
8,651
9,311
Champaign-Urbana, IL
6,222
6,519
7,010
Charleston, W
V
9,436
10,039
10,636
Charleston-North Charleston-Summerville, SC..................
21,602
18,533
20,119
Charlotte-Gastoma-Concord, NC-SC...............................
64,591
55,973
60,661
Charlottesville, V
A
6,876
7,570
7,988
Chattanooga, TN A
-G
16,230
15,213
17,125
Cheyenne, W
Y
3,191
3,500
3,749
Chicago;Naperville-Joliet, IL -W
-IN I.................................
370,077
393,208 421,143
Chico, C
A
6,182
5,733
6,495
Cincinnati-M
iddletown, O -K -IN
H Y ....................................
76,952
80,997
73,561
Clarksville, T -K
N Y
8,002
8,371
7,368
Cleveland, TN
.
. .
3,066
3,210
2,948
Cleveland-Elyria-M
entor, OH.........................................
74,752
77,966
81,622
Coeur d’Alene, ID
3,832
4,123
3,531
College Station-Bryan, TX
............................................
5,088
4,723
5,416
Colorado Springs, CO
20,722
19,513
21,711
Colum M
bia, O
4,744
5,028
5,288
Colum SC.
bia,
23,012
21,252
24,211
Colum G -A
bus, A L
9,192
9,789
8,704
Colum IN
bus, ..
2,610
2,397
2,756
Colum O
bus, H
62,112
59,262
65,611
Corpus Christi, TX......................................................
12,021
12,848
13,701
Corvallis, OR.............................................................
2,642
2,800
2,954
Cumberland, M -W ..................................................
D V
2,567
2,473
2,691
See the footnotes at the end of the table.
Per capita personal income'
2006
2007
Rank in
U
nited
States
Dollars
2005
2006
2007
7.1
7.4
5.0
6.0
6.0
6.1
34,690
36,401
26,062
36,794
38,679
27,239
5.2
4.7
2.4
5.4
7.3
3.6
6.5
3.5
4.7
6.8
7.8
5.0
7.1
3.2
5.3
5.6
6.6
5.7
6.5
4.5
7.1
4.9
9.0
6.9
5.8
4.3
5.7
11.7
1.5
2.9
7.7
9.1
13.2
6.8
6.3
5.4
5.3
7.7
5.5
7.3
12.1
7.5
6.0
7.0
9.2
6.1
9.6
6.2
7.5
4.8
6.9
7.7
2.9
13.0
4.7
3.2
15.9
5.3
4.8
6.4
8.6
8.4
10.1
6.7
9.7
6.3
7.8
4.6
8.6
4.0
4.3
8.5
7.7
6.2
6.0
8.3
5.6
8.9
4.8
6.9
6.0
3.8
8.2
4.5
3.8
3.7
5.1
4.9
6.1
5.7
7.5
7.0
5.1
2.5
4.5
5.6
7.4
6.9
6.7
5.8
6.4
3.2
7.1
5.0
6.6
7.0
6.2
4.3
5.1
7.2
3.7
3.3
5.4
8.5
6.0
8.5
4.8
6.4
7.3
4.6
5.7
5.0
6.0
6.4
6.2
5.9
5.0
6.1
7.6
7.5
5.5
3.7
5.4
6.2
4.6
4.8
6.0
3.5
10.5
7.6
7.5
5.9
7.4
6.5
5.5
5.5
7.1
7.1
5.1
5.3
4.6
4.7
4.7
7.6
6.5
4.8
5.2
5.2
6.5
5.6
5.6
6.6
5.5
4.9
27,723
33,362
24,651
35,981
30,880
30,101
33,537
27,669
28,830
30,964
39,379
27,913
26,829
37,966
27,528
33,282
29,420
26,339
35,424
33,924
24,442
28,379
34,863
24,906
41,099
28,406
42,361
30,179
28,056
27,605
28,760
29,398
31,883
33,496
27,916
35,818
32,787
23,870
26,037
32,240
32,444
47,128
46,753
27,437
43,206
37,228
69,040
17,849
31,406
31,832
27,251
35,227
28,740
38,482
26,697
38,481
42,414
33,244
28,476
30,989
30,829
36,861
36,644
30,287
37,407
39,409
26,679
35,009
29,291
27,316
35,322
27,861
24,054
33,145
30,393
30,768
30,224
32,799
34,610
29,283
33,256
24,845
29,155
34,983
25,067
37,755
32,364
30,151
35,273
28,715
29,927
32,411
41,538
29,225
28,299
38,920
28,835
34,811
30,865
27,242
36,487
35,276
25,604
29,485
36,434
25,872
43,299
29,442
45,079
32,187
28,653
28,551
31,517
31,542
34,192
35,418
29,733
37,326
33,934
25,479
27,225
34,121
34,921
50,515
49,038
28,707
46,385
38,872
75,796
18,624
33,005
33,611
28,714
37,785
29,587
41,421
27,735
40,135
48,605
34,689
29,464
33,068
32,627
38,391
39,801
31,874
40,752
41,654
28,473
36,299
31,695
28,044
37,059
29,356
25,435
34,455
31,538
32,738
31,699
35,326
35,852
31,134
34,956
25,900
31,453
36,563
25,861
39,105
33,305
31,517
37,037
30,402
31,863
33,942
43,515
29,929
29,084
40,905
30,907
36,912
32,408
28,272
37,744
36,325
26,883
30,585
37,238
27,090
45,887
30,574
47,640
34,236
29,897
29,656
33,005
33,487
35,057
37,968
31,236
39,401
35,714
26,382
28,595
35,371
35,737
53,443
51,388
29,929
48,255
41,521
81,576
19,667
34,253
35,038
29,575
39,932
30,931
41,954
29,273
41,717
52,543
36,880
31,354
35,027
34,265
39,231
41,571
33,303
43,351
44,346
29,767
37,782
31,967
28,938
38,963
30,719
26,656
35,717
32,661
33,829
34,120
36,957
37,428
33,171
36,398
27,103
2007
38,615
40,544
28,773
Percent change from
preceding period
2006
2007
6.1
6.3
4.5
231
107
351
70
184
228
99
258
217
167
33
276
296
54
247
102
206
322
87
113
341
254
95
338
24
255
18
158
279
283
189
177
138
85
238
61
125
347
313
128
123
7
12
276
17
47
1
365
157
140
288
58
246
42
291
44
10
103
234
141
156
65
46
185
35
29
280
86
216
305
72
250
344
124
196
171
163
101
93
187
112
337
4.9
4.8
5.6
5.2
4.9
1.7
4.9
4.8
0.2
5.2
3.8
3.8
4.7
5.5
4.7
5.5
2.5
4.7
4.6
4.9
3.4
3.0
4.0
4.8
3.9
4.5
3.9
5.4
3.6
6.4
6.7
2.1
3.4
9.6
7.3
7.2
5.7
6.5
4.2
3.5
6.7
4.6
5.8
7.6
7.2
4.9
4.6
7.4
4.4
9.8
4.3
5.1
5.6
5.4
7.3
2.9
7.6
3.9
4.3
14.6
4.3
3.5
6.7
5.8
4.2
8.6
5.2
8.9
5.7
6.7
3.7
8.2
2.7
4.9
5.4
5.7
4.0
3.8
6.4
4.9
7.7
3.6
6.3
5.1
4.2
7.9
4.5
3.2
3.6
2.9
4.5
5.0
5.9
6.5
4.7
4.8
2.4
2.8
5.1
7.2
6.0
5.0
3.8
3.4
3.0
5.0
3.7
2.2
4.7
6.0
3.8
5.7
6.4
4.3
3.9
4.7
6.2
2.5
7.2
5.1
5.6
5.2
3.5
5.0
3.7
2.3
5.8
4.8
4.3
4.0
6.8
7.6
5.6
3.8
4.2
3.0
5.7
4.5
1.3
5.5
3.9
8.1
6.3
6.4
5.9
5.0
2.2
4.4
4.5
6.4
6.5
4.5
4.1
0.9
3.2
5.1
4.6
4.8
3.7
3.6
3.3
7.6
4.6
4.4
6.5
4.1
4.6
D -6 6
R e g io n a l D a ta
A ugust 2 0 0 9
Table J.1. Personal Incom e and Per C apita Personal Incom e by M etropolitan A rea, 2 0 0 5 -2 0 0 7 — Continues
Per capita personal income1
Personal income
Percent change from
preceding period2
M
illions of dollars
Area
2005
Dallas-Fort W h-A
ort rlington, TX.....................................
D
alton, GA................................................................
D
anville, IL....
D
anville, VA..............................................................
Davenport-M
oline-Rock Island, IA
-IL...............................
Dayton, OH...............................................................
Decatur, A
L...............................................................
Decatur, IL................................................................
Deltona-Daytona Beach-Ormond Beach, FL......................
Denver-Aurora-Broom
field, CO......................................
Des M
oines-W Des M
est
oines, IA
...................................
D
etroit-W
arren-Livonia, Ml............................................
Dothan, AL...........
D DE.............
over,
Dubuque, IA.........
D
uluth, M -W
N I
Durtiam-Chapel H NC...............................................
ill,
Eau C
laire, Wl...........................................................
E Centro, C
l
A
Elizabethtown, KY......................................................
Elkhart-Goshen, IN
.....................................................
Elm NY....
ira,
E Paso, TX
l
...
Erie, P
A
Eugene-Springfield, OR ..............................................
Evansville, IN Y
-K .............
Fairbanks, AK.................
Fargo, ND-M
N................
Farmington, NM
...............
Fayetteville, NC................
Fayetteville-Springdale-Rogers, A O
R-M ............................
Flagstaff, AZ...................
Flint, M
l....................................................................
Florence, SC..................
Florence-M
uscle Shoals, A
L
Fond du Lac, Wl..............
FortCollins-Loveland, CO....
Fort Sm AR-OK...........
ith,
Fort W Beach-Crestview-Destin, FL..........................
alton
Fort W
ayne, IN................
Fresno, CA...............................................................
Gadsden, AL.............................................................
Gainesville, FL...........................................................
Gainesville, GA..........................................................
Glens Falls, N
Y
Goldsboro, N
C
Grand Forks, N -M
D N
Grand Junction, CO.....................................................
Grand Rapids-W ing, M
yom
l..........................................
Great Falls, M
T..........................................................
Greeley, CO..
Green B W
ay, l
Greensboro-High Point, N C ...........................................
Greenville, N
C
Greenville-M
auldin-Easley, SC.......................................
G
ulfport-B
iloxi, MS.....................................................
Hagerstown-M
artinsDurg, MD-W
v..................................
Hanford-Corcoran, CA.................................................
H
arrisburg-Carlisle, PA.................................................
Harrisonburg, V
A....
Hartford-W Hartford-East H
est
artford, CT.........................
Hattiesburg, M
S
Hickory-Lenoir-M
organton, NC.......................................
Hinesville-Fort Stewart, GA...........................................
Holland-Grand H
aven, M
l.............................................
Honolulu, H
I..........
H Springs, A
ot
R
Houma-Bayou Cane-Thibodaux, L .................................
A
Houston-Sugar Land-Baytown, TX..................................
Huntington-Ashland, W -K -O
V Y H
..............
Huntsville, AL.................
..............
Idaho Falls, ID...........................................................
Indianapolis-Carmel, IN
................................................
Iow C IA
a ity, ..............................................................
Ithaca, N ...
Y
Jackson, Ml..
Jackson, M
S.
Jackson, TN.
Jacksonville, FL.........................................................
Jacksonville, NC.........................................................
Janesville, Wl............................................................
Jefferson C MO......................................................
ity,
Johnson C TN........................................................
ity,
Johnstown, PA...........................................................
Jonesboro, A
R
Joplin, MO................................................................
See the footnotes at the end of the table.
2006
2007
221,568
3,556
2,021
2,721
12,084
26,452
4,334
3,562
13,730
100,386
19,705
164,985
3,907
4,012
2,757
8,069
16,157
4,393
3,368
3,213
6,002
2,435
16,951
7,625
9,752
11,211
3,003
6,124
2,981
10,710
11,698
3,512
11,844
5,398
3,669
3,133
9,318
7,451
6,403
12,282
22,592
2,681
7,351
4,642
3,609
2,951
2,796
3,740
24,312
2,445
5,673
9,576
21,135
4,490
17,387
6,387
7,259
3,065
18,148
2,990
50,449
3,251
9,627
1,592
7,759
33,457
2,645
5,291
215,111
7,242
12,256
3,272
58,743
4,656
2,797
4,363
16,094
3,138
44,088
4,881
4,419
4,173
4,847
3,844
2,792
4,218
239,169
3,698
2,078
2,748
12,702
27,694
4,566
3,694
14,695
108,312
20,940
167,398
4,102
4,256
2,907
8,485
17,247
4,668
3,591
3,461
6,358
2,547
18,193
8,018
10,646
11,800
3,276
6,520
3,242
11,340
12,744
3,797
12,183
5,861
3,815
3,267
9,966
8,014
6,862
12,989
23,965
2,778
7,927
4,939
3,750
3,084
2,932
4,093
25,197
2,656
6,025
10,037
22,323
4,782
18,823
7,124
7,781
3,284
18,929
3,198
53,891
3,619
10,013
1,663
8,109
35,766
2,867
6,512
238,607
7,668
13,145
3,496
62,301
4,912
2,925
4,434
17,515
3,253
48,583
5,157
4,772
4,323
5,175
3,989
2,945
4,427
255,363
3,869
2,203
2,856
13,601
28,597
4,812
3,959
15,179
114,529
22,331
173,885
4,358
4,487
3,092
8,976
18,568
4,959
3,821
3,592
6,595
2,637
19,406
8,469
11,270
12,182
3,426
6,998
3,496
12,305
13,729
4,057
12,457
6,093
4,034
3,475
10,542
8,435
7,091
13,574
25,214
2,922
8,336
5,291
3,893
3,286
3,137
4,503
26,231
2,815
6,385
10,598
23,504
5,199
19,895
8,370
8,282
3,471
19,858
3,357
57,343
3,772
10,458
1,767
8,472
37,835
3,058
7,217
260,140
8,063
14,120
3,767
65,094
5,305
3,067
4,623
18,191
3,392
50,862
5,753
4,924
4,530
5,475
4,208
3,102
4,660
2006
7.9
4.0
2.8
1.0
5.1
4.7
5.4
3.7
7.0
7.9
6.3
1.5
5.0
6.1
5.4
5.1
6.7
6.3
6.6
7.7
5.9
4.6
7.3
5.2
9.2
5.2
9.1
6.5
8.8
5.9
8.9
8.1
2.9
8.6
4.0
4.3
7.0
7.6
7.2
5.8
6.1
3.6
7.8
6.4
3.9
4.5
4.8
9.5
3.6
8.6
6.2
4.8
5.6
6.5
8.3
11.5
7.2
7.1
4.3
6.9
6.8
11.3
4.0
4.4
4.5
6.9
8.4
23.1
10.9
5.9
7.3
6.8
6.1
5.5
4.6
1.6
8.8
3.7
10.2
5.6
8.0
3.6
6.8
3.8
5.5
5.0
2007
6.8
4.6
6.0
3.9
7.1
3.3
5.4
7.2
3.3
5.7
6.6
3.9
6.2
5.4
6.4
5.8
7.7
6.2
6.4
3.8
3.7
3.6
6.7
5.6
5.9
3.2
4.6
7.3
7.8
8.5
7.7
6.8
2.2
4.0
5.7
6.4
5.8
5.3
3.3
4.5
5.2
5.2
5.2
7.1
3.8
6.5
7.0
10.0
4.1
6.0
6.0
5.6
5.3
8.7
5.7
17.5
6.4
5.7
4.9
5.0
6.4
4.2
4.4
6.3
4.5
5.8
6.6
10.8
9.0
5.2
7.4
7.8
4.5
8.0
4.9
4.3
3.9
4.2
4.7
11.6
3.2
4.8
5.8
5.5
5.3
5.3
Rank in
United
States
Dollars
2005
38,085
27,328
24,722
25,517
32,393
31,376
29,492
32,487
28,268
42,567
37,634
36,692
28,827
28,014
30,308
29,438
35,282
28,390
21,974
29,157
31,028
27,549
23,875
27,352
29,074
32,243
31,755
32,981
24,466
31,057
28,685
28,172
26,973
27,449
25,877
31,839
33,812
26,393
34,942
30,541
25,950
26,178
29,693
28,143
28,321
26,071
28,756
28,872
31,661
29,899
25,061
32,311
31,391
27,392
29,534
24,897
29,094
21,359
34,916
26,196
42,797
24,674
27,231
21,563
30,519
37,188
28,377
26,789
40,565
25,466
33,200
29,238
35,752
32,724
28,001
26,840
30,870
28,355
35,333
30,715
28,253
29,102
25,674
26,193
24,818
25,427
2006
39,891
28,033
25,449
25,894
33,969
32,930
30,899
33,861
29,686
45,072
39,164
37,310
29,840
28,854
31,805
31,001
36,922
29,923
22,871
31,292
32,382
28,912
25,182
28,674
31,364
33,849
34,558
34,505
26,661
32,583
30,168
30,146
27,850
29,661
26,799
33,110
35,473
28,030
37,532
32,018
27,166
27,034
31,344
28,808
29,296
27,386
30,000
30,576
32,670
32,452
25,668
33,648
32,609
28,395
31,398
31,357
30,411
22,536
36,117
27,555
45,543
26,790
28,109
23,266
31,611
39,558
30,142
32,430
43,497
26,977
34,799
30,328
37,345
34,046
29,229
27,226
33,013
29,049
38,060
32,051
30,195
29,922
27,064
27,334
25,732
26,299
2007
41,499
29,052
27,141
26,956
36,208
34,091
32,295
36,433
30,374
46,682
40,923
39,009
31,277
29,578
33,505
32,790
38,845
31,477
23,757
32,188
33,369
29,999
26,585
30,323
32,877
34,832
34,960
36,459
28,598
35,048
31,586
31,855
28,700
30,690
28,209
35,089
36,766
29,197
39,158
33,173
28,181
28,349
32,510
29,623
30,301
28,974
32,415
32,422
33,849
34,417
26,314
35,204
33,783
30,081
32,478
36,133
31,787
23,418
37,619
28,589
48,330
27,239
29,084
24,638
32,777
42,015
31,770
35,903
46,471
28,397
36,550
31,618
38,455
36,164
30,551
28,411
34,079
30,177
39,191
35,222
30,891
31,202
28,327
29,022
26,846
27,243
2007
48
298
336
340
115
164
209
111
261
21
53
71
237
287
176
193
74
230
359
211
181
275
345
263
190
146
143
110
312
139
227
219
310
252
323
137
105
294
69
186
324
318
201
285
265
302
205
204
169
155
348
133
172
273
202
118
221
360
91
314
16
335
296
355
194
41
223
121
22
317
109
226
79
116
257
316
165
270
67
130
248
240
320
299
343
334
Percent change from
preceding period
2006
4.7
2.6
2.9
1.5
4.9
5.0
4.8
4.2
5.0
5.9
4.1
1.7
3.5
3.0
4.9
5.3
4.6
5.4
4.1
7.3
4.4
4.9
5.5
4.8
7.9
5.0
8.8
4.6
9.0
4.9
5.2
7.0
3.3
8.1
3.6
4.0
4.9
6.2
7.4
4.8
4.7
3.3
5.6
2.4
3.4
5.0
4.3
5.9
3.2
8.5
2.4
4.1
3.9
3.7
6.3
25.9
4.5
5.5
3.4
5.2
6.4
8.6
3.2
7.9
3.6
6.4
6.2
21.1
7.2
5.9
4.8
3.7
4.5
4.0
4.4
1.4
6.9
2.4
7.7
4.3
6.9
2.8
5.4
4.4
3.7
3.4
2007
4.0
3.6
6.6
4.1
6.6
3.5
4.5
7.6
2.3
3.6
4.5
4.6
4.8
2.5
5.3
5.8
5.2
5.2
3.9
2.9
3.0
3.8
5.6
5.8
4.8
2.9
1.2
5.7
7.3
7.6
4.7
5.7
3.1
3.5
5.3
6.0
3.6
4.2
4.3
3.6
3.7
4.9
3.7
2.8
3.4
5.8
8.1
6.0
3.6
6.1
2.5
4.6
3.6
5.9
3.4
15.2
4.5
3.9
4.2
3.8
6.1
1.7
3.5
5.9
3.7
6.2
5.4
10.7
6.8
5.3
5.0
4.3
3.0
6.2
4.5
4.4
3.2
3.9
3.0
9.9
2.3
4.3
4.7
6.2
4.3
3.6
A ugust 2 0 0 9
Su r v ey
of
C u r r e n t B u sin ess
D -6 7
Table J.1. Personal Incom e and Per C apita Personal Incom e by M etropolitan A rea, 2 0 0 5 -200 7— Continues
Personal income
Area
Percent change from
preceding period2
M
illions of dollars
2005
Kalamazoo-Portage, M
l................................................
Kankakee-Bradley, IL..................................................
Kansas C M
ity, O-KS....................................................
Kennewick-Pasco-Richland, W
A....................................
Killeen-Tem
ple-Fort Hood, TX........................................
K
ingsport-Bristol-Bristol, TN A
-V .....................................
K
ingston, NY.............................................................
K
noxville, TN.............................................................
K o, IN ..........................................................
okom
La Crosse, W N
I-M
Lafayette, IN...
Lafayette, LA...
Lake Charles, L
A
Lake Havasu City-Kingm AZ.....................................
an,
Lakeland-W Haven, FL...........................................
inter
Lancaster, PA..
Lansing-East Lansing, M
l.............................................
Laredo, T
X ..........................................................
Las Cruces, N
M
Las Vegas-Paradise, N
V
Lawrence, KS..
Lawton, O
K
Lebanon, PA
....
Lewiston, ID A
-W
Lewiston-Auburn, ME..................................................
Lexington-Fayette, KY.................................................
Lim OH.................................................................
a,
Lincoln, N
E
L Rock-North L Rock-Conw AR.........................
ittle
ittle
ay,
Logan, U ...
T-ID
Longview TX
, ...
Longview W ..
, A
Los Angeles-Long Beach-Santa Ana, CA.........................
Louisville-Jefferson County, K -IN
Y ...................................
Lubbock, TX....
Lynchburg, V
A.
M
acon, G
A
M
adera-Chowchilla, C
A
M
adison, Wl....
Manchester-Nashua, N
H
M
anhattan, K
S
M
ankato-North M
ankato, M
N........................................
M
ansfield, OH.
M
cAllen-Edinburg-M
ission, TX.......................................
M
edford, O
R....
M phis, TN S-A
em
-M R
M
erced, C
A
M i-Fort Lauderdale-Pompano Beach, FL.....................
iam
M
ichigan City-La Porte, IN............................................
M
idland, T
X
M
ilwaukee-W
aukesha-W A Wl...............................
est llis,
M
inneapolis-St. Paul-Bloom
ington, M -W
N I........................
M
issoula, M
T...
M
obile, A
L
M
odesto, CA
....
M
onroe, L
A
M
onroe, M
l
M
ontgom A
ery, L
M
organtown, W
V
M
orristow TN
n,
M Vernon-Anacortes, W .......................................
ount
A
M
uncie, IN
M
uskegon-Norton Shores, Ml........................................
M Beach-North M Beach-Conway, SC..................
yrtle
yrtle
Napa, CA.................................................................
Naples-M Island, FL..............................................
arco
Nashville-Davidson-M
urfreesboro-Franklin, TN..................
NewH
aven-M
ilford, CT................................................
N Orleans-M
ew
etairie-Kenner, L ...................................
A
N Y
ew ork-Northern NewJersey-Long Island, N -N ........
Y J-PA
Niles-Benton Harbor, M
l...............................................
Norwich-N London, CT............................................
ew
Ocala, FL.................................................................
Ocean C N
ity, J
Odessa, TX
Ogden-Clearfield, U
T
Oklahoma C O
ity, K
O pia, W
lym
A...
Om
aha-Council B N ........................................
luffs, E-IA
Orlando-Kissimmee, FL...............................................
Oshkosh-Neenah, Wl..................................................
Owensboro, KY.........................................................
Oxnard-Thousand Oaks-Ventura, CA..............................
See the footnotes at the end of the table.
Per capita personal income1
2006
9,649
2,896
68,958
6,259
10,460
8,012
5,510
20,199
2,969
3,890
4,994
7,864
4,423
4,167
15,850
15,776
13,619
4,309
4,370
62,786
3,028
3,115
3,901
1,653
3,126
14,471
2,887
9,283
21,412
2,538
5,945
2,507
481,124
40,744
7,358
6,734
6,725
3,129
20,715
15,625
3,193
2,736
3,352
11,244
5,796
42,666
5,409
205,656
2,921
5,203
57,060
132,708
3,106
10,071
13,472
4,728
4,651
11,189
3,236
3,130
3,615
3,059
4,407
6,120
5,858
16,455
51,733
33,203
24,913
865,850
4,650
10,388
8,330
3,832
3,247
13,832
38,545
7,850
30,637
61,591
5,181
3,077
32,127
9,997
10,543
3,040
3,256
73,540
77,717
6,998
6,491
11,440
12,573
9,017
8,601
5,916
6,183
21,517
22,754
3,247
3,119
4,308
4,091
5,230
5,528
8,997
9,738
6,016
6,665
4,524
4,683
17,140
17,951
16,416
17,239
14,182
14,756
4,588
4,959
4,628
4,972
67,833
71,622
3,268
3,443
3,446
3,628
4,128
4,363
1,737
1,859
3,254
3,399
15,634
16,619
2,985
3,103
10,268
9,699
23,050
25,121
2,626
2,810
6,446
6,952
2,814
2,660
518,758 540,510
43,726
46,179
7,702
8,105
7,276
7,567
7,002
7,236
3,281
3,548
22,223
23,588
16,574
17,496
3,614
4,110
2,905
3,011
3,430
3,495
11,930
12,922
6,322
6,670
45,139
47,516
5,613
6,108
222,600
232,522
3,048
3,192
6,047
6,688
61,083
64,472
140,158
149,496
3,310
3,548
11,681
11,199
14,076
14,756
5,114
5,357
4,786
4,961
11,861
12,489
3,470
3,696
3,308
3,458
4,297
4,002
3,093
3,180
4,533
4,680
6,754
7,068
6,264
6,750
18,663
19,847
55,842
59,059
37,424
35,339
49,141
42,038
935,656 1,000,151
4,821
5,121
10,959
11,478
9,827
9,320
3,964
4,051
4,114
3,689
15,873
14,975
42,677
46,180
8,482
9,108
34,476
32,461
70,047
67,103
5,904
5,546
3,232
3,402
36,210
34,505
2007
2006
3.6
5.0
6.6
3.7
9.4
7.4
7.4
6.5
5.0
5.2
4.7
14.4
36.0
8.6
8.1
4.1
4.1
6.5
5.9
8.0
7.9
10.6
5.8
5.0
4.1
8.0
3.4
4.5
7.6
3.4
8.4
6.1
7.8
7.3
4.7
8.1
4.1
4.9
7.3
6.1
13.2
6.2
2.3
6.1
9.1
5.8
3.8
8.2
4.4
16.2
7.1
5.6
6.6
11.2
4.5
8.1
2.9
6.0
7.2
5.7
10.7
1.1
2.9
10.4
6.9
13.4
7.9
6.4
68.7
8.1
3.7
5.5
11.9
3.4
13.6
8.3
10.7
8.0
6.0
8.9
7.1
5.0
7.4
2007
5.5
7.1
5.7
7.8
9.9
4.8
4.5
5.7
4.1
5.3
5.7
8.2
10.8
3.5
4.7
5.0
4.0
8.1
7.4
5.6
5.4
5.3
5.7
7.0
4.5
6.3
4.0
5.9
9.0
7.0
7.9
5.8
4.2
5.6
5.2
4.0
3.3
8.1
6.1
5.6
13.7
3.6
1.9
8.3
5.5
5.3
8.8
4.5
4.7
10.6
5.5
6.7
7.2
4.3
4.8
4.8
3.6
5.3
6.5
4.5
7.4
2.8
3.2
4.7
7.8
6.3
5.8
5.9
16.9
6.9
6.2
4.7
5.4
2.2
11.5
6.0
8.2
7.4
6.2
4.4
6.5
5.3
4.9
Rank in
U
nited
States
D
ollars
2005
30,110
26,710
35,593
28,666
29,527
26,697
30,373
30,720
29,531
30,086
27,016
31,809
22,806
22,420
29,468
32,268
29,845
19,484
23,082
36,869
27,157
27,851
31,242
28,042
29,332
33,476
27,352
32,617
33,184
21,769
29,818
26,048
37,543
33,751
28,018
28,537
29,550
22,340
38,371
39,240
27,905
30,626
26,410
16,854
29,833
34,057
22,724
38,259
26,759
43,182
37,193
42,377
30,408
25,309
26,954
27,667
30,553
31,420
27,915
24,117
32,290
26,237
25,341
26,811
45,045
53,867
35,692
39,522
18,983
46,026
29,055
39,169
27,635
38,884
26,108
28,147
33,387
34,511
37,816
31,822
32,491
27,787
40,741
2006
31,102
27,654
37,552
29,127
31,966
28,539
32,570
32,138
31,218
31,516
27,774
35,371
31,514
23,494
30,783
33,276
31,139
20,262
23,925
38,309
29,037
30,695
32,659
29,167
30,431
35,543
28,374
33,705
35,104
22,177
32,016
26,956
40,538
35,871
28,966
30,310
30,606
22,892
40,667
41,435
30,905
32,007
27,162
17,390
32,173
35,535
23,267
41,204
27,924
48,992
39,697
44,295
31,835
27,884
27,862
29,658
31,253
32,724
29,716
25,073
35,060
26,782
26,046
28,201
47,866
59,895
37,587
41,976
42,381
49,642
30,252
40,911
29,703
40,636
29,171
29,758
36,373
36,423
39,631
33,653
34,610
29,042
43,609
2007
32,707
29,196
39,222
30,705
33,913
29,730
34,051
33,430
32,581
32,877
28,979
37,998
34,737
23,908
31,329
34,619
32,425
21,423
25,106
39,188
30,365
31,845
34,126
31,034
31,857
37,253
29,519
35,254
37,739
23,193
34,214
28,076
42,278
37,473
30,234
31,055
31,486
24,359
42,557
43,625
34,762
32,846
27,769
18,316
33,516
37,147
25,012
43,123
28,945
52,974
41,774
46,752
33,587
28,905
28,985
31,106
32,355
34,126
31,439
25,757
37,076
27,611
26,880
28,307
51,218
63,276
38,851
44,322
44,295
52,855
32,140
43,513
30,322
42,052
31,787
30,671
38,834
38,242
41,655
34,528
36,600
30,381
45,694
2007
195
295
66
251
168
281
166
179
199
190
301
84
148
358
236
152
203
364
353
68
262
220
161
244
218
94
289
129
88
361
159
325
38
92
269
243
229
356
37
32
147
192
327
366
175
96
354
36
304
8
43
20
173
306
300
241
208
161
232
352
97
329
342
321
13
2
73
30
31
9
214
34
264
40
221
253
76
81
45
153
106
259
25
Percent change from
preceding period
2006
3.3
3.5
5.5
1.6
8.3
6.9
7.2
4.6
5.7
4.8
2.8
11.2
38.2
4.8
4.5
3.1
4.3
4.0
3.7
3.9
6.9
10.2
4.5
4.0
3.7
6.2
3.7
3.3
5.8
1.9
7.4
3.5
8.0
6.3
3.4
6.2
3.6
2.5
6.0
5.6
10.8
4.5
2.8
3.2
7.8
4.3
2.4
7.7
4.4
13.5
6.7
4.5
4.7
10.2
3.4
7.2
2.3
4.2
6.5
4.0
8.6
2.1
2.8
5.2
6.3
11.2
5.3
6.2
123.3
7.9
4.1
4.4
7.5
4.5
11.7
5.7
8.9
5.5
4.8
5.8
6.5
4.5
7.0
2007
5.2
5.6
4.4
5.4
6.1
4.2
4.5
4.0
4.4
4.3
4.3
7.4
10.2
1.8
1.8
4.0
4.1
5.7
4.9
2.3
4.6
3.7
4.5
6.4
4.7
4.8
4.0
4.6
7.5
4.6
6.9
4.2
4.3
4.5
4.4
2.5
2.9
6.4
4.6
5.3
12.5
2.6
2.2
5.3
4.2
4.5
7.5
4.7
3.7
8.1
5.2
5.5
5.5
3.7
4.0
4.9
3.5
4.3
5.8
2.7
5.8
3.1
3.2
0.4
7.0
5.6
3.4
5.6
4.5
6.5
6.2
6.4
2.1
3.5
9.0
3.1
6.8
5.0
5.1
2.6
5.7
4.6
4.8
D -6 8
R e g io n a l D a ta
A ugust 2 0 0 9
Table J.1. Personal Incom e and Per C apita Personal Incom e by M etropolitan A rea, 2 0 0 5 -2 0 0 7 — Continues
Personal income
Area
Percent change from
preceding period2
M
illions of dollars
2005
Palm Bay-M
elbourne-Titusville, FL..................................
PalmCoast, FL..........................................................
Panama C
ity-Lynn Haven-Panama City Beach, FL..............
Parkersburg-M
arietta-Vienna, W
V-OH.............................
Pascagoula, MS......................
Pensacola-Ferry Pass-Brent, FL....
Peoria, IL...............................
Philadelphia-Camden-W
iimington, PA-NJ-DE-M
D...............
Phoenix-Mesa-Scottsdale, A
Z
Pine B AR.........................
luff,
Pittsburgh, PA.........................
Pittsfield, M
A..........................
Pocatello, ID...........................
Portland-South Fortland-Biddeford, M
E
Portland-Vancouver-Beaverton, OR-W
A...........................
Port St. Lucie, FL........................................................
Poughkeepsie-Newburgh-M
iddletown, NY.........................
Prescott, A
Z............................
Providence-New Bedford-Fall R R A
iver, I-M ........................
Provo-Orem, UT.........................................................
Pueblo, CO...............................................................
Punta Gorda, FL.........................................................
Racine, W
l................................................................
Raleigh-Cary N
C
Rapid C SD...........................................................
ity,
Reading, P .
A
Redding, C
A
Reno-Sparks, NV.......................................................
Richmond, V
A
Riverside-San Bernardino-Ontario, CA.............................
Roanoke, V .............................................................
A
Rochester, M ...........................................................
N
Rochester, N
Y
Rockford, IL
.
Rocky M NC.......................................................
ount,
Rome, G ....
A
Sacramento-Arden-Arcade-Roseville, CA.........................
Saginaw-Saginaw Township N M
orth, l.............................
St. Cloud, M
N............................................................
St. George, U
T
St. Joseph, M -K
O S
St. Louis, M
O-IL.........................................................
Salem, OR...
Salinas, C ..
A
Salisbury, MD............................................................
Salt Lake C UT.......................................................
ity,
San Angelo, TX.........................................................
San Antonio, TX.........................................................
San Diego-Carlsbad-San M
arcos, CA..............................
Sandusky, OH................
San Francisco-Oakland-Fremont, CA...............................
San Jose-Sunnyvale-Santa Clara, CA.............................
San Luis Obispo-Paso Robles, C
A
Santa Barbara-Santa M
aria-Goleta, CA............................
Santa Cruz-W
atsonville, C
A
Santa Fe, NM................
Santa Rosa-Petaluma, CA.
Savannah, GA...............
Scranton-W
ilkes-Barre, PA............................................
Seattle-Tacoma-Bellevue, W
A........................................
Sebastian-Vero Beach, FL.
Sheboygan, Wl..............
Sherman-Denison, TX.................................................
Shreveport-Bossier C LA..........................................
ity,
Sioux C IA
ity, -NE-SD...................................................
Sioux Falls, SD..........................................................
South Bend-M
ishawaka, IN I.......................................
-M
Spartanburg, SC
Spokane, W
A
Springfield, IL
Springfield, M ..........................................................
A
Springfield, MO.........................................................
Springfield, OH..........................................................
State College, PA
........................................................
Stockton, C
A
Sumter, SC..
Syracuse, NY............................................................
See the footnotes at the end of the table.
Per capita personal income1
2006
2007
16,975
2,139
4,920
4,261
3,853
12,557
12,281
235,630
128,077
2,454
85,636
4,766
2,140
18,008
73,287
13,538
22,582
5,098
56,519
9,784
3,820
4,741
6,388
34,312
3,869
12,339
5,189
16,835
43,399
103,716
9,461
6,500
35,179
9,600
3,937
2,592
71,855
5,534
5,207
2,776
3,202
98,872
10,139
14,654
3,268
34,815
3,078
58,569
118,458
2,569
222,667
89,615
8,727
16,308
10,463
5,333
18,854
10,232
16,697
136,859
6,320
3,876
3,026
11,661
4,154
7,675
9,962
7,144
12,685
6,764
22,196
11,060
3,951
4,037
17,190
2,586
20,277
18,245
2,480
5,285
4,482
4,227
13,606
13,244
251,380
140,540
2,541
91,566
4,989
2,247
19,109
79,014
14,881
23,898
5,568
59,632
10,640
3,980
5,152
6,750
37,506
4,043
13,327
5,586
17,663
46,457
111,762
9,992
6,910
36,772
10,294
4,100
2,682
76,563
5,654
5,500
3,072
3,394
104,204
11,058
15,774
3,403
37,789
3,193
62,964
125,472
2,645
241,665
98,252
9,489
17,810
11,465
5,647
20,382
11,099
17,428
149,858
7,217
4,080
3,209
12,728
4,240
8,078
10,491
7,607
13,652
7,011
23,260
11,657
4,114
4,293
18,292
2,743
21,205
18,839
2,731
5,415
4,701
4,961
14,157
14,160
264,951
146,578
2,640
97,007
5,228
2,368
20,300
84,151
15,884
25,216
5,860
62,762
11,335
4,214
5,333
7,118
41,104
4,362
14,020
5,827
18,535
48,790
117,134
10,412
7,346
38,231
10,971
4,309
2,785
80,006
5,801
5,814
3,205
3,593
110,192
11,698
16,694
3,616
39,442
3,370
67,179
131,500
2,718
257,111
105,999
9,977
19,020
12,116
6,006
21,416
11,897
18,355
162,935
7,810
4,310
3,412
13,506
4,575
8,751
10,954
7,975
14,601
7,458
24,454
12,343
4,244
4,562
19,195
2,868
22,190
2006
7.5
15.9
7.4
5.2
9.7
8.4
7.8
6.7
9.7
3.6
6.9
4.7
5.0
6.1
7.8
9.9
5.8
9.2
5.5
8.8
4.2
8.7
5.7
9.3
4.5
8.0
7.6
4.9
7.0
7.8
5.6
6.3
4.5
7.2
4.1
3.5
6.6
2.2
5.6
10.7
6.0
5.4
9.1
7.6
4.1
8.5
3.8
7.5
5.9
3.0
8.5
9.6
8.7
9.2
9.6
5.9
8.1
8.5
4.4
9.5
14.2
5.2
6.0
9.1
2.1
5.2
5.3
6.5
7.6
3.7
4.8
5.4
4.1
6.3
6.4
6.1
4.6
2007
3.3
10.1
2.5
4.9
17.4
4.0
6.9
5.4
4.3
3.9
5.9
4.8
5.4
6.2
6.5
6.7
5.5
5.3
5.3
6.5
5.9
3.5
5.4
9.6
7.9
5.2
4.3
4.9
5.0
4.8
4.2
6.3
4.0
6.6
5.1
3.8
4.5
2.6
5.7
4.3
5.9
5.7
5.8
5.8
6.3
4.4
5.5
6.7
4.8
2.7
6.4
7.9
5.1
6.8
5.7
6.4
5.1
7.2
5.3
8.7
8.2
5.6
6.3
6.1
7.9
8.3
4.4
4.8
6.9
6.4
5.1
5.9
3.1
6.3
4.9
4.6
4.6
Rank in
United
States
Dollars
2005
32,266
28,393
30,473
26,361
24,844
28,243
33,431
40,720
33,066
23,681
36,097
36,328
24,843
35,234
35,115
36,037
34,105
25,831
35,106
21,098
25,520
30,958
32,458
36,001
32,776
31,372
29,229
42,756
36,995
26,789
32,420
36,949
33,996
28,301
27,377
27,514
35,355
26,803
28,717
23,310
25,909
35,653
27,272
36,014
28,203
33,287
28,858
31,168
40,406
33,025
53,557
51,418
33,855
40,609
41,917
38,318
40,784
32,567
30,454
42,804
49,930
34,105
26,186
30,574
29,502
35,754
31,578
26,931
28,802
32,997
32,359
27,623
27,914
28,545
26,209
24,687
31,366
2006
34,361
30,140
32,242
27,846
28,274
30,189
35,927
43,301
34,829
24,740
38,787
38,271
25,816
37,382
37,157
38,388
35,907
26,989
37,185
21,664
26,233
33,719
34,078
37,614
33,989
33,455
31,338
44,031
38,913
28,063
33,965
38,740
35,602
29,869
28,396
28,233
37,239
27,600
30,011
24,178
27,306
37,339
29,207
39,053
28,871
35,177
29,698
32,590
42,721
34,167
57,848
55,754
36,544
44,480
45,925
40,147
44,219
34,557
31,801
46,054
55,817
35,821
27,468
32,895
29,930
36,476
33,218
28,223
30,546
34,090
33,871
28,423
29,186
29,858
27,615
26,345
32,882
2007
35,213
30,973
33,106
29,254
32,610
31,362
38,189
45,499
35,185
25,980
41,206
40,203
27,046
39,620
38,842
39,821
37,712
27,620
39,267
21,681
27,245
34,978
35,763
39,373
36,260
34,921
32,543
45,332
40,286
28,804
35,135
40,740
37,028
31,232
29,647
29,199
38,424
28,679
31,334
24,014
28,552
39,278
30,377
41,256
30,293
36,008
31,101
33,845
44,430
35,222
60,983
59,338
38,114
47,302
48,337
42,184
46,325
36,127
33,430
49,401
59,419
37,736
28,901
34,855
32,145
38,551
34,638
28,971
32,019
36,150
35,598
29,416
30,250
31,731
28,739
27,576
34,458
2007
132
245
188
292
198
233
82
26
134
349
52
57
339
60
75
59
90
328
64
363
333
142
122
62
114
144
200
27
56
308
136
55
100
239
284
293
80
311
235
357
315
63
260
51
266
120
242
170
28
130
3
5
83
19
15
39
23
119
179
14
4
89
307
145
213
78
151
303
215
117
126
290
268
225
309
330
154
Percent change from
preceding period
2006
6.5
6.2
5.8
5.6
13.8
6.9
7.5
6.3
5.3
4.5
7.5
5.3
3.9
6.1
5.8
6.5
5.3
4.5
5.9
2.7
2.8
8.9
5.0
4.5
3.7
6.6
7.2
3.0
5.2
4.8
4.8
4.8
4.7
5.5
3.7
2.6
5.3
3.0
4.5
3.7
5.4
4.7
7.1
8.4
2.4
5.7
2.9
4.6
5.7
3.5
8.0
8.4
7.9
9.5
9.6
4.8
8.4
6.1
4.4
7.6
11.8
5.0
4.9
7.6
1.5
2.0
5.2
4.8
6.1
3.3
4.7
2.9
4.6
4.6
5.4
6.7
4.8
2007
2.5
2.8
2.7
5.1
15.3
3.9
6.3
5.1
1.0
5.0
6.2
5.0
4.8
6.0
4.5
3.7
5.0
2.3
5.6
0.1
3.9
3.7
4.9
4.7
6.7
4.4
3.8
3.0
3.5
2.6
3.4
5.2
4.0
4.6
4.4
3.4
3.2
3.9
4.4
-0.7
4.6
5.2
4.0
5.6
4.9
2.4
4.7
3.9
4.0
3.1
5.4
6.4
4.3
6.3
5.3
5.1
4.8
4.5
5.1
7.3
6.5
5.3
5.2
6.0
7.4
5.7
4.3
2.7
4.8
6.0
5.1
3.5
3.6
6.3
4.1
4.7
4.8
A ugust 2 0 0 9
Survey
of
C u r r e n t B u sin ess
D -6 9
Table J.1. Personal Incom e and Per C apita Personal Incom e by M etropolitan A rea, 2 0 0 5 -2 0 0 7 — Table Ends
Personal income
Area
Percent change from
preceding period2
M
illions of dollars
2005
Tallahassee, FL
Tampa-St. Petersburg-Clearwater, FL..............................
Terre Haute, IN
Texarkana, TX-Texarkana, AR........................................
Toledo, OH....
Topeka, KS....
Trenton-Ewing, NJ......................................................
Tucson, AZ....
Tulsa, OK.................................................................
Tuscaloosa, A
L..........................................................
T T
yler, X
............................................................
Utica-Rom N
e, Y
Valdosta, GA.
V
allejo-Fairfield, CA....................................................
V
ictoria, TX
....
Vineland-M
illville-Bridgeton, NJ.....................................
V
irginia Beach-Norfolk-Newport News, VA-NC...................
Visalia-Porterville, C
A
W T
aco, X
W
arner Robins, G
A
W
ashington-Arlington-Alexandria, D A D V
C-V -M -W ..............
Waterloo-Cedar Falls, IA..............................................
Wausau, W
l...
W
eirton-Steubenville, W
V-OH........................................
Wenatchee-East W
enatchee, W
A...................................
W
heeling, W -O
V H
W
ichita, KS...
W
ichita Falls, T
X
W sport, P
illiam
A
W ington, N
ilm
C
W
inchester, V -W
A V
W
inston-Salem, NC....................................................
W
orcester, M
A
Y a, W
akim A...
Y
ork-H
anover, PA
Youngstown-W
arren-Boardman, O ............................
H-PA
Y C CA............................................................
uba ity,
Y a, A
um Z.................................................................
2006
2007
10,172
88,623
4,281
3,596
19,955
6,825
16,506
27,814
31,261
5,818
6,134
8,086
3,111
13,603
3,331
4,187
54,644
9,585
6,113
3,582
259,040
4,924
4,105
3,220
2,902
4,040
19,671
4,439
3,223
9,447
3,459
14,708
28,489
5,768
13,055
16,082
4,002
3,798
10,808
95,333
4,454
3,785
20,838
7,187
17,871
30,170
34,543
6,273
6,467
8,433
3,261
14,358
3,551
4,410
58,509
10,077
6,402
3,817
276,061
5,122
4,314
3,330
3,096
4,185
21,824
4,848
3,352
10,154
3,761
15,405
30,460
6,093
13,638
16,788
4,288
4,086
11,375
99,253
4,662
4,030
21,681
7,640
19,008
31,647
37,356
6,674
6,872
8,800
3,444
15,083
3,785
4,600
61,138
10,865
6,773
4,004
291,471
5,472
4,564
3,472
3,295
4,393
22,951
5,135
3,522
10,974
3,901
16,379
32,365
6,488
14,349
17,278
4,501
4,320
1. Per capita personal incom w com
e as puted using Census B
ureau m
idyear population estim
ates.
2. Percent change calculated fromunrounded data.
3. The personal incom level show for the U States is derived as the sumof the county estim It
e
n
nited
ates.
differs fromthe estimate of personal incom in the national incom and product accounts because of differ
e
e
ences in coverage, inthe m
ethodologies used to prepare the estim and in the tim of the availability of
ates,
ing
source data.
Per capita personal income1
2006
6.3
7.6
4.0
5.2
4.4
5.3
8.3
8.5
10.5
7.8
5.4
4.3
4.8
5.5
6.6
5.3
7.1
5.1
4.7
6.6
6.6
4.0
5.1
3.4
6.7
3.6
10.9
9.2
4.0
7.5
8.7
4.7
6.9
5.6
4.5
4.4
7.2
7.6
2007
5.2
4.1
4.7
6.5
4.0
6.3
6.4
4.9
8.1
6.4
6.3
4.4
5.6
5.1
6.6
4.3
4.5
7.8
5.8
4.9
5.6
6.8
5.8
4.3
6.4
5.0
5.2
5.9
5.1
8.1
3.7
6.3
6.3
6.5
5.2
2.9
5.0
5.7
Rank in
United
States
D
ollars
2005
29,781
33,607
25,312
27,192
30,496
30,062
45,549
29,354
35,483
29,362
32,295
27,419
24,668
33,400
29,685
27,469
33,129
23,659
27,287
28,474
49,606
30,356
32,177
25,698
28,109
27,399
33,695
29,645
27,383
29,870
29,876
32,996
36,636
25,276
32,145
27,685
25,871
21,097
2006
31,117
35,478
26,208
28,278
31,972
31,617
49,195
30,971
38,761
30,995
33,284
28,679
25,421
35,269
31,568
28,647
35,212
24,456
28,361
29,825
52,485
31,460
33,490
26,884
29,494
28,535
37,115
32,473
28,594
30,903
31,693
33,952
39,019
26,477
32,944
29,135
26,836
22,071
2007
32,185
36,554
27,404
30,028
33,316
33,466
52,255
31,755
41,307
32,634
34,713
29,927
26,504
37,055
33,344
29,599
36,837
25,920
29,730
30,572
54,971
33,555
35,169
28,335
30,872
30,137
38,552
34,714
30,148
32,394
32,260
35,481
41,380
27,965
34,134
30,285
27,561
22,786
2007
212
108
332
274
183
178
11
224
50
197
150
278
346
98
182
286
104
350
281
256
6
174
135
319
249
272
77
149
271
207
210
127
49
326
160
267
331
362
Percent change from
preceding period
2006
4.5
5.6
3.5
4.0
4.8
5.2
8.0
5.5
9.2
5.6
3.1
4.6
3.1
5.6
6.3
4.3
6.3
3.4
3.9
4.7
5.8
3.6
4.1
4.6
4.9
4.1
10.1
9.5
4.4
3.5
6.1
2.9
6.5
4.8
2.5
5.2
3.7
4.6
2007
3.4
3.0
4.6
6.2
4.2
5.8
6.2
2.5
6.6
5.3
4.3
4.4
4.3
5.1
5.6
3.3
4.6
6.0
4.8
2.5
4.7
6.7
5.0
5.4
4.7
5.6
3.9
6.9
5.4
4.8
1.8
4.5
6.1
5.6
3.6
3.9
2.7
3.2
4. The m
etropolitan area definitions used by B Afor its personal incom estimates are the county-based
E
e
definitions issued by the O of M
ffice
anagem and B
ent
udget in June 2003 (w revisions released February
ith
2004, M 2005, Decem 2005, Decem 2006, N ber 2007, and N ber 2008) for federal statis
arch
ber
ber
ovem
ovem
tical purposes.
Source: T 1in“ ocal A Personal Incom for 2007”inthe M 2009 Su vyo Cu r n B sin ss.
able
L
rea
e
ay
re f re t u e
A u gu st 2 0 0 9
R e g io n a l D a t a
D -7 0
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[M n of dollars]
illio s
M
etropolitan area
U metropolitan portion.................................
.S.
Abilene, TX.................................................
A
kron, O
H
A
lbany, GA..................................................
Albany-Schenectady-Troy, NY..........................
Albuquerque, NM
..........................................
Alexandria, LA...................
Allentown-Bethlehem-Easton, PA-NJ.................
Altoona, PA.......................
A arillo, T
m
X ............................................
Ames, IA........
Anchorage, A
K
Anderson, IN
Anderson, SC..
A A M
nn rbor, l...
A
nniston-Oxford, AL......................................
Appleton, W
l,...
.........................
Asheville, NC...
Athens-Clarke County, GA...............................
Atlanta-Sandy Springs-M
arietta, GA..................
A
tlantic City-Hammonton, NJ...........................
Auburn-Opelika, AL.............
Augusta-Richmond County, GA-SC....................
Austin-Round Rock, TX........
Bakersfield, CA.............................................
Baltim
ore-Towson, M ....................................
D
Bangor, M
E....
Barnstable Tow M .....................................
n, A
Baton Rouge, LA..........................................
Battle Creek, M
l
Bay C M
ity, l....
Beaumont-Port A
rthur, TX...............................
Bellingham W
, A............................................
Bend, OR....................................................
B
illings, M
T..................................................
Binghamton, NY...........................................
Birm
ingham
-Hoover, AL..................................
Bism
arck, ND...............................................
Blacksburg-Christiansburg-Radford, V
A..............
Bloom
ington, IN............................................
Bloom
ington-Normal, IL
..................................
Boise City-Nampa, ID..........
Boston-Cambridge-Quincy, M -N ....................
A H
Boulder, CO......................
Bow Green, KY.............
ling
Bradenton-Sarasota-Venice, FL........................
Bremerton-Silverdale, WA....
Bridgeport-Stamford-Norwalk, CT......................
Brownsville-Harlingen, TX...............................
Brunswick, GA..............................................
Buffalo-Niagara Falls. NY................................
Burlington, NC.
Burlington-South Burlington, VT........................
Canton-M
assillon, OH......... ..........................
Cape Coral-Fort M FL..............................
yers,
Carson C N
ity, V
Casper, WY,,,,
Cedar Rapids, IA..........................................
Champaign-Urbana, IL...................................
Charleston, W
V
Charleston-North Charleston-Summerviile, SC.....
Charlotte-Gastonia-Concord, NC-SC..................
Charlottesville, V ..........................................
A
Chattanooga, TN-GA......................................
Cheyenne, W ..............................................
Y
Chicago-Naperville-Joliet, IL-IN I....................
-W
Chico, CA....................................................
Cincinnati-M
iddletown, O -K -IN
H Y ......................
Clarksville, TN Y ...................................
-K
Cleveland, T N ..................................................
Cleveland-Eiyria-M
entor, OH............................
Coeur d’Alene, ID
College Station-Bryan, T
X
Colorado Springs, CO.
Colum M
bia, O..........
Columbia, SC..............................................
Columbus, G -A
A L..........................................
Columbus, IN
...
Columbus, OH.
Corpus Christi, T
X
Corvallis, OR...
Cumberland, M -W
D V
Dallas-Fort W
orth-Arlington, TX........................
D
alton, GA.............. ”..................................
D
anville, IL..................................................
D
anville, VA.................................................
Davenport-M
oline-Rock Island, IA ..................
-IL
Dayton, OH.................................................
Decatur, A
L
Decatur, IL
Deltona-Daytona Beach-Ormond Beach, FL.........
Rankoftotal
GDP by
metropolitan
area
253
74
273
58
61
272
71
302
182
327
82
342
278
103
316
179
137
229
10
134
333
110
39
78
19
250
187
56
265
352
130
207
221
223
206
48
295
261
245
200
84
9
111
290
79
188
34
212
341
55
282
164
141
90
344
224
156
201
135
81
21
184
97
297
3
228
29
177
338
26
300
226
88
235
68
161
308
33
123
315
360
6
231
361
351
116
60
255
262
149
T
otal
N
atural
Durable Nondurable
goods
resources Con
goods
manu
and struction manu
facturing facturing
m
ining
11,786,575 259,662 565,294 743,848
4,927
640
208
(D)
26,179
3,114
148
1,039
4,541
124
(D)
(D)
35,896
1,629
(D)
(D)
32,864
1,932
(D)
(D)
4,542
119
246
(D)
27,199
111
(D)
(D)
3,831
52
254
151
8,435
836
376
(D)
223
3,399
53
120
23,577
6,564
1,286
80
671
3,109
101
31
4,378
32
249
836
1,767
17,799
34
506
3,507
98
490
28
8,705
204
662
810
12,740
790
(D)
(D)
5,613
361
123
246
257,032
877
(D)
(D)
13,252
823
190
66
3,257
37
158
320
16,448
1,018
(D)
(D)
71,176
3,971
8,773
1,641
25,067
6,150
1,461
(D)
125,918
6,989
(D)
(D)
5,034
228
181
76
8,183
623
109
43
36,848
842
(D)
(D)
604
4,649
165
(D)
249
2,690
88
23
13,476
1,177
798
289
6,714
202
398
543
6,011
538
58
(D)
5,980
346
(D)
(D)
6,825
314
828
60
51,535
1,536
2,833
(D)
3,954
197
256
(D)
4,702
22
(D)
(D
)
5,193
122
221
(D)
7,276
33
269
266
23,125
422
1,622
(D
)
275,756
541 11,147
(D)
16,263
241
594
(D)
4,038
(D)
(D)
(D)
24,772
1,194
363
2,391
362
132
8,115
69
78,387
4,085
(D)
(D)
6,555
307
160
(D)
3,134
200
39
(D)
40,561
3,619
202
1,473
4,308
14
248
420
9,567
83
492
(D)
12,541
283
596
2,190
541
21,838
132 3,101
3,013
(D)
(D)
(D)
5,678
194
90
(D)
474
11,093
141
1,276
7,269
306
(D)
(D)
13,092
1,466
616
(D)
24,056
1,579
1,910
(D
)
114,147
4,927
5,698
520
8,332
458
(D
)
(D)
1,492
19,103
64
(D)
3,948
214
36
(D)
485,002
1,130 22,897
(D)
5,625
220
379
(D)
93,370
255
(D)
(D)
8,752
129
245
(D)
442
3,158
47
(D)
101,605
672
3,268
(D)
3,857
79
334
229
5,669
418
311
(D)
22,296
(D)
(D) ■ 1,406
5,448
274
266
35
28,401
307
1,524
(D)
10,026
64
(D)
(D)
3,640
1,528
100
(D)
85,514
372
3,302
(D)
14,352
1,277
459
1,300
3,532
73
(D)
(D)
2,256
97
33
(D)
338,493 17,018 15,922
(D)
104
144
5,556
64
2,107
61
48
(D)
2,694
201
(D)
(D)
15,490
128
526
(D)
33,547
86
1,075
4,256
4,826
86
243
(D)
4,680
22
284
640
11,919
138
1,037
574
Trade
Transpor Infor
tationand m
ation
utilities
Financial
activities
Pro
fessional Education Leisure Other
and health and
and
Government
business services hospitality services
services
561,131 1,452,424 567,776 573,995 2,611,051 1,490,915
699
217
438
(D)
(D)
(D)
3,441
3,817
1,861
4,178
1,417
639
359
210
393
(D)
(D)
(D)
1,563
5,595
(D)
(D)
(D)
(D)
4,710
1,316
5,959
(D)
(D)
(D)
368
96
398
(D)
(D)
(D)
1,171
3,585
3,740
(D)
(D)
(D)
353
669
397
105
339
268
1,284
842
644
561
(D)
(D)
464
298
73
61
439
206
101
749
3,010
1,716
(D)
(D)
202
380
62
387
159
150
220
518
596
177
33
466
1,677
452
1,368
508
2,544
2,689
154
542
174
229
252
115
1,169
307
705
1,330
300
1,385
256
2,325
(D)
(D)
(D)
(D)
161
717
342
470
(D)
(D)
58,741
35,973
(D)
(D) 15,606
(D)
108
1,368
408
170
2,176
851
192
246
389
144
59
447
1,419
354
(D)
(D)
(D)
(D)
10,829
10,477
9,387
1,882
1,203 4,500
2,952
2,482
1,762
1,319
356
(D)
26,720
(D)
(D)
(D)
(D) 4,236
224
850
399
681
389
179
779
1,003
2,194
65
255
248
4,002
3,119
1,863
(D)
(D)
(D)
314
197
68
474
866
(D)
221
152
403
80
296
295
1,627
754
808
1,398
3,108
289
444
1,117
1,058
770
206
155
1,854
619
184
221
489
(D)
1,039
953
448
165
(D)
(D)
958
452
212
702
590
239
3,924
5,018
(D)
(D)
(D)
(D)
138
553
291
132
590
376
307
208
61
448
(D
)
(D)
603
365
(D)
(D)
(D)
(D)
184
677
134
1,411
232
2,410
3,199
1,020
596
4,878
(D)
(D)
29,168
7,981 15,355
73,984
48,281
(D)
1,694
2,282
3,526
190 1,682
(D)
464
383
373
(D)
(D)
(D)
4,322
3,362
5,161
459
555
785
12
848
147
162
1,175
563
3,797
7,954
2,907 3,457
30,401
12,458
402
947
342
677
163
(D)
404
197
(D)
(D)
(D)
(D)
3,542
5,054
6,816
4,615
1,776 1,096
587
479
610
125
52
691
326
901
(D)
(D)
(D)
(D)
679
246
1,998
785
(D
)
(D)
104
3,067
627 1,227
5,629
1,961
351
710
188
39
(D)
(D)
207
684
626
48
55
(D)
1,352
2,287
746
813
1,028
641
542
783
1,128
(D)
(D)
(D)
1,175
(D)
(D
)
(D)
(D)
(D)
580
680
4,390
(D
)
(D)
(D)
11,797
5,091 5,092
11,363
8,158
46,181
1,649
315
(D
)
(D)
(D)
(D)
3,154
1,832
1,445
444
1,613
(D)
541
385
526
208
99
(D)
75,926
(D)
(D) 26,417
(D) 119,093
124
395
831
237
1,109
(D)
4,291
14,200
18,119
(D)
(D)
(D)
652
442
223
(D)
(D)
(D)
397
97
411
285
472
(D)
12,636
25,549
11,999
4,180 2,758
(D)
44
543
114
877
358
140
174
551
392
(D)
(D)
(D)
3,214
3,131
258
2,216
539 1,107
149
769
451
105
695
133
4,202
4,815
2,653
1,790
(D)
(D)
1,412
823
194
(D)
(D)
(D)
252
189
313
142
45
385
10,443
5,114 2,851
22,000
11,978
(D)
1,212
316
1,215
1,338
(D)
(D)
131
336
(D)
(D)
(D)
(D)
266
170
72
159
123
(D)
46,192 19,345 22,775
41,577
70,622
(D)
271
277
2,447
539
(D)
(D)
353
143
47
187
99
(D)
354
157
690
33
253
(D)
2,258
2,244
1,129
342
2,005
(D)
1,635
3,361
2,076 1,451
5,411
3,736
537
200
69
343
252
(D)
454
241
860
506
596
91
133
1,719
288
365
2,494
1,023
921,354 429,839 264,959
160
(D)
(D)
2,357
740
612
469
110
127
3,837
1,031
918
2,530
1,073
674
601
109
(D)
3,382
809
789
511
121
115
843
275
(D)
193
100
57
698
1,451
392
147
353
93
164
263
120
426
1,379
305
244
105
90
681
235
208
685
334
(D)
635
195
144
8,472 4,941
15,140
4,097
231
1,105
164
135
83
512
380
(D)
2,541 1,913
4,469
1,405
593
590
12,749
4,250 2,994
746
160
123
936
683
259
2,142
1,012
777
137
439
123
304
114
85
364
1,020
343
517
275
182
309
576
136
254
720
142
244
780
176
1,266
4,616
(D)
132
114
(D)
141
290
119
488
186
(D)
244
528
165
1,823
416
(D)
29,234
8,794 5,265
1,136
506
364
150
379
(D)
2,271
1,244
757
632
260
193
4,467
1,982 1,274
297
983
223
213
391
83
4,015
1,505
905
470
151
121
1,098
205
(D)
1,481
365
372
1,340
1,177
662
207
181
69
111
306
99
854
293
245
250
159
(D)
1,202
338
309
1,610
1,246
583
4,435
2,933 1,555
248
(D
)
(D)
1,463
661
554
242
72
215
34,894 16,499
(D)
194
230
745
7,579
3,456
(D)
193
430
(D)
364
94
(D)
9,142
3,007 2,118
231
79
305
232
155
464
1,549
948
612
527
204
148
1,989
759
(D)
760
353
(D)
206
57
(D)
6,132
2,604 1,887
1,287
585
356
285
78
71
354
91
71
19,621 11,110 6,415
266
100
88
167
52
60
279
79
87
1,269
549
350
3,414
852
756
233
109
109
114
436
112
1,501
686
479
1,344,327
1,117
2,817
919
7,207
5,418
884
2,437
496
1,082
1,113
3,707
374
704
4,144
986
708
1,484
1,509
22,587
1,661
882
3,999
9,589
4,251
21,111
797
986
4,167
704
381
1,500
848
492
602
1,269
5,177
615
1,086
1,111
723
2,432
21,684
1,838
512
1,908
3,560
3,428
1,570
672
5,943
340
1,317
1,166
2,270
768
342
944
1,964
1,849
4,717
6,396
2,102
2,431
1,123
40,305
898
8,452
4,170
297
9,680
523
1,750
5,703
1,693
5,871
3,093
314
9,950
2,580
798
457
24,258
415
377
335
1,862
5,440
478
325
1,481
A u g u st 2 0 0 9
Su r v e y
of
C u r r e n t B u sin ess
D -7 1
Table J.2. G ross D om estic Product (G D P) by M etropolitan A rea for Industries, 2006— Continues
[M
illions of Dollars]
M
etropolitan area
D
enver-Aurora, CO......................................
Des M
oines-W Des M
est
oines, IA...................
Detroit-W
arren-Livonia, M
l.............................
Dothan, A
L ..........................................
D D
over, E
Dubuque, IA
....
Duluth, M -W
N L
Durham, NC...
Eau Claire, Wl..
E Centro, CA
l
....
Elizabethtown, K
Y
Elkhart-Goshen, IN
Elm N
ira, Y
E Paso, TX...............................................
l
Erie, PA
....................................................
Eugene-Springfield, OR...............................
Evansville, IN Y
-K ........................................
Fairbanks, AK............................................
Fargo, ND-M
N...........................................
Farmington, N ..........................................
M
Fayetteville, NC...........................................
Fayetteville-Springdale-Rogers, A O............
R-M
Flagstaff, AZ.............................................
Flint, M
l....................................................
Florence, SC.............................................
Florence-M
uscle Shoals, A
L..........................
Fond du Lac, Wl........................................
Fort Collins-Loveland, CO.............................
Fort Sm AR-OK.....................................
ith,
Fort W Beach-Crestview-Destin, FL..........
alton
Fort W
ayne, IN
...........................................
Fresno, CA................................................
Gadsden, A
L
Gainesville, FL
Gainesville, G
A
Glens Falls, N
Y
Goldsboro, N
C
Grand Forks, N -M ...................................
D N
Grand Junction, CO.....................................
Grand Rapids-W ing, Ml..........................
yom
Great Falls, M
T..........................................
Greeley, CO..............................................
Green B Wl...........................................
ay,
Greensboro-High Point, NC...........................
Greenville, NC...........................................
Greenville-M
auldin-Easley, SC.......................
G
ulfport-B
iloxi, MS.....................................
Hagerstown-M
artinsburg, M V..................
D-W
Hanford-Corcoran, CA.................................
Harrisburg-Carlisle, PA................................
Harrisonburg, V
A........................................
Hartford-W Hartford-East H
est
artford, CT.........
Hattiesburg, MS.........................................
Hickory-Lenoir-M
organton, NC.......................
Hinesville-Fort Stewart, GA...........................
Holland-Grand Haven, M
l.............................
Honolulu, H ..........................................
I
Hot Springs, A
R
Houma-Bayou Cane-Thibodaux, LA
.................
Houston-Sugar Land-Baytown, TX..................
Huntington-Ashland, W -K -O .....................
V Y H
Huntsville, AL...
Idaho Falls, ID
...
Indianapolis-Carmel, IN
................................
Iow C IA
a ity,
Ithaca, N
Y
Jackson, M
l
Jackson, M
S
Jackson, T
N
Jacksonville, FL
Jacksonville, N
C
Janesville, Wl............................................
Jefferson C MO......................................
ity,
Johnson C TN........................................
ity,
Johnstown, PA...........................................
Jonesboro, AR...........................................
Joplin, MO................................................
Kalamazoo-Portage, M
l................................
Kankakee-Bradley, IL...................................
Kansas C M
ity, O-KS....................................
Kennewick-Pasco-Richland, W .....................
A
K
illeen-Tem
ple-Fort Hood, TX........................
Kingsport-Bristol-Bristol, TN A
-V .....................
Kingston, NY............................................
K
noxville, TN............................................
K o, IN...............................................
okom
LaCrosse, W N
I-M ......................................
Lafayette, IN.............................................
Lafayette, L .............................................
A
Lake Charles, LA
........................................
Lake Havasu City-Kingm A
an, Z......................
Lakeland-W Haven, FL...........................
inter
Rankof total
GDP by
metropolitan
area
Total
17 139,600
62 32,447
12 199,288
281
4,352
230
5,571
293
4,000
169 9,320
69 27,874
232
5,509
307
3,662
286
4,193
165
9,541
356
2,547
83 23,563
174
8,770
158 10,796
119 15,054
267
4,612
175
8,764
214
6,538
129 13,505
113 16,038
291
4,027
146 12,092
215
6,535
312
3,599
323 3,434
160 10,105
166
9,455
168
9,357
114 16,015
72 26,632
358
2,436
172
8,903
227
5,660
322
3,438
319
3,482
331
3,355
287
4,175
63 32,165
355
2,596
216
6,493
132 13,341
64 31,830
246
5,130
86 22,939
173 8,776
196
7,512
309
3,639
76 25,478
256
4,822
40 69,863
284 4,259
151 11,732
353 2,681
170
9,125
51 44,192
357
2,512
181
8,633
5 344,516
178 8,713
108 17,115
313
3,574
32 89,808
222
5,986
328
3,398
260 4,712
91 21,423
279
4,366
44 58,163
225
5,670
251
4,950
240
5,257
236
5,442
310
3,620
320
3,472
249
5,056
157 10,987
349
2,759
28 94,162
195
7,513
143 12,286
176
8,757
276
4,429
70 27,672
304
3,741
257
4,819
211
6,572
118 15,385
128 13,802
311
3,600
117 15,433
Durable Nondurable
Natural
Con
goods
goods
resources struction manu
Trade
manu
and m
ining
facturing facturing
6,788
236
547
106
95
85
942
162
73
581
(D
)
71
68
99
61
190
884
438
212
3,204
(D
)
468
49
(D
)
59
55
81
144
829
17
114
2,214
27
79
71
65
57
165
389
(D
)
52
836
186
252
(D
)
122
68
57
463
177
172
174
106
(D
)
7
253
154
67
2,034
(D
)
208
69
82
(D
)
123
107
36
1,080
32
(D
)
56
77
103
41
64
101
165
(D
)
52
606
546
89
189
51
188
57
37
117
(D
)
496
36
423
7,352
(D
)
7,975
209
279
144
433
724
265
120
157
317
116
921
301
536
757
264
466
252
442
810
235
501
285
181
202
908
375
485
735
1,614
108
463
400
195
143
163
394
1,450
158
669
630
1,413
257
1,338
501
(D
)
94
977
(D
)
(D
)
190
(D
)
(D
)
430
2,404
144
402
18,952
(D
)
453
251
(D
)
269
69
159
886
(D
)
4,145
183
217
269
238
125
138
171
487
138
4,465
381
505
415
211
(D
)
81
204
239
479
558
392
1,154
(D
)
(D
)
24,315
(D
)
97
947
(D
)
3,663
663
67
(D
)
4,000
457
1,296
1,702
1,308
(D
)
14
554
76
299
(D
)
(D
)
(D
)
(D
)
409
718
940
(D
)
315
2,600
836
189
(D
)
581
329
221
(D
)
159
(D
)
13
357
876
(D
)
361
2,142
(D
)
(D
)
40
1,291
178
7,283
(D
)
2,221
(D
)
2,573
257
187
840
(D
)
(D
)
2,794
88
(D
)
(D
)
227
615
(D
)
685
(D
)
39
997
(D
)
779
300
347
614
975
225
(D
)
136
(D
)
(D
)
236
3,265
1,847
452
(D
)
493
(D
)
237
712
(D
)
(D
)
(D
) 3,984
4,887 26,054
763
(D
)
562
297
179
509
1,026
(D
)
4,755 2,405
295
(D
)
96
621
366
(D
)
789
1,263
347
31
1,419 2,823
1,036
646
347
1,336
(D
)
(D
)
327
83
1,471
205
499
82
892
989
(D
)
(D
)
468
(D
)
1,796
(D
)
904
(D
)
235
650
331
410
1,087
268
1,085
(D
)
724
33
674
(D
)
1,777 3,801
338
269
937
(D
)
877
786
487
172
665
415
462
(D
)
70
600
(D
)
(D
)
46
358
906
489
1,534
(D
)
(D
) 5,005
559
560
1,656
(D
)
(D
)
(D
)
(D
)
(D
)
334
477
1,102
(D
)
1,375
(D
)
1,782
(D
)
(D
)
(D
)
1,519
1,540
76
(D
)
988
658
505 4,452
91
385
844
334
(D 36,755
)
(D
)
(D
)
369
1,865
94
750
(D 10,992
)
532
(D
)
263
28
159
562
3,271
(D
)
355
(D
)
(D
)
(D
)
341
36
741
343
(D
)
(D
)
755
233
50
505
521
245
704
585
1,196
(D
)
290
440
(D
)
(D
)
837
278
1,113
(D
)
(D
)
(D
)
133
(D
)
767
(D
)
67
357
262
661
616
(D
)
255
1,686
(D
)
(D
)
627
51
1,016 2,427
Transpor Infor
tation and m
ation
utilities
6,272
1,090
9,104
583
205
185
889
590
(D
)
241
(D
)
327
120
1,340
348
293
1,302
742
422
785
383
(D
)
188
(D
)
454
135
220
202
685
125
(D
)
1,268
141
190
193
119
156
229
274
(D
)
175
257
(D
)
1,474
(D
)
(D
)
(D
)
402
91
(D
)
151
(D
)
(D
)
717
(D
)
345
2,402
60
1,085
(D
)
(D
)
194
140
(D
)
433
143
974
1,225
190
(D
)
128
348
604
150
269
135
668
(D
)
182
5,252
224
392
380
(D
)
1,028
111
286
246
399
(D
)
191
1,042
(D
)
1,436
6,964
(D
)
92
197
266
572
170
39
(D
)
90
71
611
261
455
(D
)
80
520
39
(D
)
278
51
336
134
79
106
291
197
337
689
657
57
239
73
113
26
77
89
796
86
116
(D
)
908
(D
)
1,049
228
285
35
1,002
162
2,423
91
106
30
111
1,279
44
86
(D
)
197
412
136
2,598
256
64
47
938
88
1,832
49
123
319
323
102
66
107
204
49
(D
)
82
217
(D
)
134
(D
)
42
206
(D
)
357
477
94
298
Pro
Education
Financial fessional and health Leisure Other Government
and
and
activities business services hospitality services
services
(D
)
13,276
40,008
547
1,305
557
1,225
3,535
964
323
338
779
263
5,908
1,151
1,949
1,533
421
1,937
312
1,074
2,328
569
2,068
737
395
399
1,634
984
2,830
2,542
4,187
347
1,278
900
349
316
350
581
6,142
346
899
2,242
6,456
691
3,142
1,051
1,304
237
4,499
532
22,333
663
1,567
98
1,458
9,278
458
962
42,184
903
1,809
365
20,754
659
368
510
3,898
454
14,428
419
554
478
636
434
628
426
2,107
305
18,779
783
825
(D
)
676
4,427
242
723
923
1,820
591
603
2,071
20,574
2,359
35,709
259
256
196
452
3,502
483
134
217
544
150
1,359
573
977
1,084
152
697
156
(D
)
2,396
213
955
394
207
146
1,513
886
885
1,224
2,055
150
679
371
249
147
172
305
(D
)
169
467
1,107
2,953
329
2,975
697
541
86
2,789
231
8,039
265
844
136
644
4,461
143
523
(D
)
565
3,565
750
(D
)
304
212
276
2,087
266
(D
)
205
301
323
368
368
184
286
(D
)
142
12,727
2,200
601
669
357
3,410
148
376
309
(D
)
550
220
2,256
8,035
2,183
15,942
452
371
458
1,306
3,082
679
144
227
549
337
1,626
1,179
1,139
1,299
254
852
289
627
942
429
1,390
557
272
323
847
728
400
1,859
2,444
347
1,155
576
406
327
392
461
2,955
364
428
1,225
2,418
460
1,460
466
705
216
2,534
334
6,124
509
(D
)
39
432
3,493
380
465
(D
)
1,167
915
364
(D
)
439
1,359
479
1,920
490
(D
)
161
502
398
629
597
470
595
1,112
409
6,333
534
802
948
476
2,518
201
763
649
1,057
520
389
1,400
4,985
947
6,590
133
212
214
326
677
154
89
97
164
78
616
256
357
457
151
323
135
(D
)
483
443
377
187
123
90
410
206
391
454
786
90
362
143
265
68
116
172
854
115
149
(D
)
844
(D
)
773
912
240
76
842
158
1,725
167
305
33
189
2,897
194
225
7,870
249
418
99
3,318
195
109
133
613
119
2,277
134
133
118
204
96
105
150
378
102
3,441
255
221
293
251
1,082
104
159
195
458
661
184
490
2,989
641
4,310
(D
)
146
81
243
500
145
95
90
192
67
473
257
290
328
78
206
112
270
320
97
340
152
116
88
278
191
199
366
783
77
232
119
84
82
75
134
728
65
188
(D
)
637
112
562
164
182
68
720
90
1,405
98
265
57
215
1,085
74
194
5,776
215
349
84
1,972
114
73
132
505
108
1,434
81
114
154
202
118
85
138
292
80
(D
)
175
263
245
135
683
79
125
(D
)
264
(D
)
106
450
12,424
2,721
16,884
540
1,656
248
1,489
3,708
648
1,111
1,634
456
441
5,071
998
1,619
967
1,609
900
595
7,266
1,583
997
1,602
950
744
319
1,582
988
2,617
1,212
4,212
297
2,887
571
604
859
883
548
2,426
649
732
1,167
2,474
1,366
2,687
2,391
1,178
1,421
4,392
518
7,132
793
1,205
1,990
830
11,525
284
641
22,967
1,243
3,903
372
7,355
2,036
376
630
3,177
679
7,531
3,839
503
1,441
886
590
448
447
1,333
344
10,252
1,081
6,553
859
958
3,154
405
563
1,308
902
755
472
1,694
D -7 2
A u gu st 2 0 0 9
R e g io n a l D a t a
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[M n of D
illio s
ollars]
M
etropolitan area
Lancaster, PA
.............................................
Lansing-East Lansing, M
l.............................
Laredo, TX................................................
Las Cruces, N .........................................
M
Las Vegas-Paradise, NV...............................
Lawrence, KS............................................
Law O
ton, K .........................................
Lebanon, PA
Lewiston, ID A
-W
Lewiston-Auburn, ME..................................
Lexington-Fayette K
Y
Lim OH........
a,
Lincoln, NE....
Little Rock-North L Rock-Conway, AR.........
ittle
Logan, U -ID
T ............................1
................
Longview TX............. ...............................
,
Longview W
, A............................................
Los Angeles-Long Beach-Santa Ana, CA..........
Louisville-Jefferson C
ounty, K -IN
Y ...................
Lubbock, TX..............................................
Lynchburg, V ............................................
A
M
acon, GA................................................
M
adera, C
A .........................................
M
adison, W
l....
Manchester-Nashua, NH..............................
M
ansfield, OH....
M
cAllen-Edinburg-M
ission, TX.......................
M
edford, OR .........................................
M
emphis, TN-M
S-AR..................................
M
erced, C
A
M i-Fort Lauderdale-Pompano Beach, FL......
iam
M
ichigan City-La Porte, IN
.............................
M
idland, TX..............................................
M
ilwaukee-W
aukesha-W A W
est llis, l................
M
inneapolis-St. Paul-Bloomington, M I........
N-W
M
issoula, MT.............................................
M
obile, A
L.................................................
M
odesto, CA.............................................
M
onroe, L
A .........................................
M
onroe, M
l
M
ontgom A
ery, L
M
organtown, W
V........................................
M
orristow TN..
n,
M Vernon-Anacortes, W
ount
A........................
M
uncie, IN.....
M
uskegon-Norton Shores, M
l.........................
M Beach-North M Beach-Conway, SC....
yrtle
yrtle
Napa, CA.................................................
Naples-M Island, FL..............................
arco
Nashville-Davidson-M
urfreesboro-Franklin, TN...
N H
ew aven-M
ilford, CT.................................
N Orleans-M
ew
etairie-Kenner, LA
...................
NewY
ork-Northern NewJersey-Long Island, N Y
NJ-PA...................................................
Niles-Benton H
arbor, Ml...............................
N
orwich-New London, CT.............................
Ocala, FL..................................................
Ocean C NJ...
ity,
Odessa, TX....
Ogden-Clearfield, U
T...................................
Oklahoma C O
ity, K
Olym W
pia, A
Omaha-Council B NE-IA.........................
luffs,
Orlando-Kissimmee, FL................................
Oshkosh-Neenah, Wl..................................
Owensboro, K .
Y
Oxnard-Thousand Oaks-Ventura, CA...............
Palm Bay-M
elbourne-Titusville, FL..................
Palm Coast, FL.
Panama City-Lynn Haven, FL.........................
Parkersburg-M
arietta-Vienna, W -O ..............
V H
Pascagoula, M
S
Pensacola-Ferry Pass-Brent, FL......................
Peoria, IL..................................................
Philadelphia-Camden-W
ilmington, PA J-D D
-N E-M
Phoenix-Mesa-Scottsdale, AZ........................
Pine B AR............................................
luff,
Pittsburgh, PA............................................
Pittsfield, M ..............................................
A
Pocatello, ID
..............................................
Portland-South Portland-Biddeford, ME............
Portland-Vancouver-Beaverton, OR-W
A...........
Port St. Lucie, FL........................................
Poughkeepsie-Newburgh-M
iddletown, NY.........
Prescott, AZ..............................................
Providence-New Bedford-Fall R RI-M ........
iver,
A
Provo-Orem, UT.........................................
Pueblo, CO...............................................
Punta Gorda, FL.........................................
Racine, Wl................................................
Raleigh-Cary, NC........................................
Rankoftotal
GDP by
metropolitan
area
Total
102 17,804
106 17,441
234
5,450
277
4,417
31 91,500
3,227
335
3,856
301
334
3,227
362
1,657
3,402
326
92 21,238
289
4,126
140 12,545
67 28,525
354
2,658
185
8,238
350
2,716
2 680,230
47 53,045
183
8,389
192
7,701
7,345
198
337
3,162
65 30,160
98 19,061
303
3,801
148 12,026
218
6,146
43 60,564
238
5,381
1 248,029
1
340
3,145
180
8,700
77,660
35
14 179,683
285
4,200
125 13,892
122 14,356
6,067
220
299
3,868
126 13,859
264
4,651
324
3,431
274
4,478
3,147
339
263
4,673
9,064
171
6,654
208
121 14,572
36 73,658
57 36,070
41 66,450
1,123,53
1
2
248
5,059
139 12,568
7,341
199
294
3,957
258
4,776
15,020
120
49 50,409
193
7,623
53 41,656
27 97,384
204
6,925
296
3,951
59 34,359
109 16,912
1,422
363
6,104
219
242
5,240
268
4,610
136 13,040
115 15,633
7 311,662
15 179,489
2,771
348
24 106,496
5,256
241
2,301
359
85 23,091
25 103,413
155 11,118
95 19,593
4,362
280
42 62,546
147 12,064
317
3,485
3,483
318
213
6,551
50 47,851
Natural
resources Con
struction
and
m
ining
Durable Nondurable
goods
goods
Trade
manu
manu
facturing facturing
Transpor Infor
tation and m
ation
utilities
Financial
activities
Pro
fessional Education Leisure Other
and
and
Government
and
health
business services hospitality services
services
393
(D)
(D)
216
167
15
24
87
35
29
939
22
136
268
83
1,449
113
5,721
357
326
42
159
507
(D)
36
(D)
628
169
274
959
1,323
55
4,767
164
(D)
50
349
1,146
(D)
75
102
193
12
243
29
31
55
424
352
263
82
(D
)
1,486
694
200
212
8,856
153
89
141
88
206
932
182
514
1,351
133
419
239
24,586
(D)
386
(D)
354
217
1,389
804
143
594
587
2,367
302
16,174
161
202
2,801
7,675
225
919
904
202
274
935
180
146
297
144
185
774
470
1,992
(D)
1,461
2,534
1,902
1,566
46
227
2,085
108
(D)
401
(D)
151
(D)
676
778
(D)
(D)
(D)
265
36,819
(D)
(D)
(D)
(D)
166
(D)
1,733
1,091
234
341
(D)
124
6,474
(D)
263
(D)
(D)
94
847
586
(D)
816
(D)
(D)
(D)
243
422
933
264
194
252
(D)
2,736
1,914
1,827
371
24
68
825
241
(D)
403
(D)
334
(D)
688
857
(D)
(D)
(D)
391
28,051
(D)
(D)
(D)
(D)
88
(D)
472
100
234
134
(D)
579
2,874
(D)
95
(D)
(D)
114
858
1,300
(D)
47
(D)
(D)
(D)
943
66
176
45
1,083
48
(D
)
1,935
11,345
2,724
(D)
800
425
10,174
(D)
284
539
(D)
(D)
(D)
530
1,166
(D)
291
1,169
(D)
90,174
(D)
1,448
(D)
(D)
366
(D)
2,806
502
2,088
(D)
(D)
(D)
37,899
(D)
784
9,236
(D)
548
2,144
2,083
937
400
(D)
445
(D)
661
372
676
1,240
633
1,658
(D)
4,913
(D
)
817
(D)
811
216
3,716
(D)
114
189
(D)
(D)
713
211
905
1,704
116
448
(D)
26,626
4,276
344
270
522
108
(D)
686
(D)
597
(D)
6,331
(D)
11,982
(D)
161
2,954
(D)
331
908
662
281
591
(D)
233
211
157
145
176
164
154
286
2,781
1,073
(D
)
525
405
77
113
1,879
176
55
48
32
87
728
97
303
(D)
64
566
43
52,202
(D)
(D)
111
(D)
81
1,469
1,013
152
367
186
(D)
131
12,184
60
176
2,896
7,061
152
394
226
561
36
(D)
95
(D)
46
46
146
227
138
263
(D)
1,866
1,188
2,527
4,045
773
575
23,438
483
338
223
225
(D)
3,605
345
2,539
4,741
287
515
269
180,387
9,791
949
1,150
(D)
344
7,796
5,194
329
1,334
1,120
12,168
675
67,091
318
534
17,982
45,158
963
2,423
2,426
673
479
2,188
793
311
571
426
724
2,956
1,271
4,889
12,609
6,821
8,602
1,482
(D)
(D)
379
9,509
275
179
165
134
282
2,068
210
1,083
2,682
229
480
88
90,256
5,096
531
503
632
141
(D)
2,194
176
698
496
6,788
231
31,282
147
641
9,344
(D)
357
1,236
1,006
543
286
1,233
286
185
184
275
198
616
529
1,307
9,174
4,166
(D
)
584
1,722
467
1,518
412
198
455
169
4,231
17,259
141
206
90
186
352
83
209
69
536
(D)
1,666
(D)
564
107
1,287
375
785
2,459
177
76
184
665
264
106
44,145 30,256
2,054
4,755
374
(D)
745
193
1,100
215
359
83
793
(D)
1,688
531
387
111
1,747
427
734
253
3,237
4,413
357
132
18,236 - 11,457
298
206
282
159
7,729
2,146
13,557
5,729
184
493
1,197
399
417
1,378
183
635
132
245
384
1,076
539
139
80
263
270
156
118
480
564
169
455
1,222
404
541
979
1,248
3,664
9,785
987
5,535
3,031
(D
)
534
544
143
111
1,559
140
65
94
68
73
392
94
363
611
102
201
74
14,831
1,180
247
199
(D)
89
738
451
110
427
169
(D)
147
6,456
83
150
1,553
3,911
120
416
408
149
92
(D)
93
(D)
122
95
110
190
152
377
(D
)
899
1,014
1,279
3,897
1,167
1,250
7,801
833
2,019
502
267
299
2,818
400
2,240
4,837
555
581
325
56,175
5,005
1,553
763
883
612
5,146
1,452
497
2,654
718
6,577
844
24,597
379
485
6,523
16,201
568
1,801
1,814
685
394
3,094
1,156
341
585
529
585
856
661
921
6,158
3,598
5,333
(D
)
(D)
102
195
30
(D)
121
7,168
125
400
523
25
124
2,017
40
42
27
91
33
101
79
836
2,527
102
1,689
24
(D)
(D)
1,478
252
127
378
467
(D)
26
64
77
403
36,356
177
394
751
315
359
1,023
1,865
390
2,166
7,324
265
(D)
1,508
1,517
119
509
310
232
1,167
743
(D)
13,937
129
4,511
271
104
(D)
4,680
1,055
1,003
460
3,138
959
259
450
288
2,917
(D
)
(D)
(D)
506
19
347
(D)
(D)
139
(D)
3,085
968
(D)
2,188
2,066
77
213
(D)
(D)
281
(D)
(D)
(D)
(D)
(D)
(D)
164
(D)
(D)
348
(D)
200
(D)
(D)
271
66
1,128
2,149
(D
)
(D)
(D)
144
29
96
(D)
(D)
112
(D)
952
1,392
(D)
3,401
73
3
90
(D)
(D)
284
(D)
(D)
(D)
(D)
(D)
(D)
112
(D)
(D)
145
(D)
44
(D)
(D)
48
6
1,321
2,911
(D
)
531
1,016
1,225
403
936
1,618
(D)
1,106
(D)
12,772
(D)
(D)
4,865
2,055
153
711
635
386
1,689
1,624
35,914
25,450
(D)
12,497
512
(D)
3,154
(D)
1,762
2,902
648
(D)
1,511
461
505
751
6,077
(D 88,141
)
71
(D)
808
229
310
212
131
61
168
126
630
(D)
1,928
(D)
224
154
4,965
(D)
2,690 4,344
195
(D)
269
(D)
726 1,065
392
409
28
66
195
213
(D)
(D)
239
113
524
452
1,030
372
13,920 11,290
7,826 5,376
297
(D)
7,245 4,808
123
123
(D)
(D)
714
(D)
4,305 3,905
880
240
1,056
530
95
67
2,805 2,394
296
(D)
74
288
45
63
196
67
1,781 2,967
358,417
741
1,306
1,354
1,406
400
2,684
7,575
1,177
8,992
27,467
739
449
7,551
2,250
427
1,271
576
310
1,925
1,627
87,995
48,547
206
21,376
1,424
238
5,792
(D)
2,372
3,041
689
14,714
1,705
372
898
694
11,033
(D)
324
1,039
504
201
(D)
1,212
4,833
488
4,808
13,522
910
137
3,429
3,101
102
559
(D)
319
1,318
1,582
44,786
22,193
(D)
13,709
484
221
(D)
11,036
963
1,593
288
6,056
1,422
239
262
533
6,889
90,184
456
1,071
702
226
273
967
3,864
756
3,301
6,200
521
295
1,977
1,629
80
453
563
224
1,380
(D)
31,619
12,720
251
11,836
773
(D)
2,401
7,629
1,007
2,432
459
7,101
1,465
495
439
575
2,592
22,841
135
235
241
84
230
(D)
1,020
259
(D)
1,999
151
105
757
455
41
189
121
98
389
(D)
6,540
3,197
71
2,662
139
49
447
2,311
388
513
112
1,429
(D)
115
132
161
1,063
98,243
461
3,088
924
620
509
3,608
8,380
2,435
4,946
7,081
677
488
3,804
2,269
203
1,309
718
678
3,053
1,165
26,638
16,078
641
8,432
428
542
2,953
9,440
1,211
3,937
660
7,415
1,280
700
403
599
5,713
35,993
159
500
274
431
156
416
1,674
258
1,322
9,423
143
123
1,070
656
79
364
159
126
477
457
8,099
7,317
52
3,226
331
78
960
2,991
497
632
261
2,256
328
137
151
160
1,355
A u g u st 2 0 0 9
Su r v e y
of
C u r r e n t B u sin ess
D -7 3
Table J.2. G ross D om estic Product (G D P) by M etropolitan A rea for Industries, 2006— Table Ends
[M
illions of Dollars]
M
etropolitan area
Rapid C SD...........................................
ity,
Reading, PA
..............................................
Redding, CA.............................................
Reno-Sparks, NV.......................................
Richm V ............................................
ond, A
Riverside-San Bernardino-Ontario, CA.............
Roanoke, V .............................................
A
Rochester, M
N...........................................
Rochester, NY...........................................
Rockford, IL..............................................
Rocky M NC.......................................
ount,
Rome, G
A.................................................
Sacramento-Arden-Arcade-Roseville, CA.........
Saginaw-SaginawTownship N M
orth, l.............
St. Cloud, M
N............................................
St. George, UT..........................................
St. Joseph, M
O-KS.....................................
St. Louis, M
O-IL.
Salem, OR.......
Salinas, CA......
Salisbury, MD...
Salt Lake C U
ity, T
San Angelo, TX.........................................
San A
ntonio, TX.........................................
San Diego-Carlsbad-San M
arcos, CA..............
Sandusky, OH............................................
San Francisco-Oakland-Fremont, CA...............
San Jose-Sunnyvale-Santa Clara, CA.............
San Luis Obispo-Paso Robles, CA..................
Santa Barbara-Santa M
aria-Goleta, CA............
Santa Cruz-W
atsonville, CA........................
Santa Fe, NM............................................
Santa Rosa-Petaluma, CA............................
Savannah, GA...........................................
Scranton-W
ilkes-Barre, PA............................
Seattle-Tacoma-Bellevue, W
A........................
Sebastian-Vero Beach, FL............................
Sheboygan, Wl..........................................
Sherman-Denison, TX.................................
Shreveport-Bossier C LA
ity, ...........................
Sioux C IA-NE-SD...................................
ity,
Sioux Falls, SD..........................................
South Bend-M
ishawaka, IN I.......................
-M
Spartanburg, SC.........................................
Spokane, W .............................................
A
Springfield, IL............................................
Springfield, M
A..........................................
Springfield, M ..........................................
O
Springfield, O
H
State College, P
A
Stockton, C
A
Sumter, SC
Syracuse, N
Y
Tallahassee, F
L
Tam
pa-St. Petersburg-Clearwater, FL..............
Terre Haute, IN..........................................
Texarkana, TX-Texarkana, AR........................
Toledo, OH................................................
Topeka, KS...............................................
Trenton-Ewing, NJ......................................
Tucson, A
Z................................................
Tulsa, OK.................................................
Tuscaloosa, AL..........................................
T TX
yler, ...................................................
Utica-Rom N .........................................
e, Y
Valdosta, G .............................................
A
V
allejo-Fairfield, CA....................................
V
ictoria, TX...............................................
V
ineland-M
illville-Bridgeton, NJ......................
V
irginia Beach-Norfolk-Newport News, VA-NC...
Visalia-Porterville, CA..................................
W TX.................................................
aco,
W
arner Robins, GA.....................................
W
ashington-Arlington-Alexandria, D -V -M -W
C A D V
W
aterloo-Cedar Falls, IA..............................
W
ausau, W
l..............................................
W irton-Steubenvilie, W
e
V-OH........................
W
enatchee, W ..
A
W
heeling, W -O
V H
W
ichita, KS......
W
ichita Falls, T .
X
W sport, PA.
illiam
W ington, NC.
ilm
W
inchester, V -W
A V
W
inston-Salem, N
C
W
orcester, M ...
A
Y a, WA..............................................
akim
Y anover, PA
ork-H
........................................
Youngstown-W
arren-Boardman, OH-PA............
Y C CA............................................
uba ity,
Y a, AZ.................................................
um
Rankoftotal
GDP by
metropolitan
area
275
127
239
99
45
22
150
186
52
152
244
343
30
210
203
332
305
20
153
105
306
46
336
37
16
346
8
18
159
100
163
217
96
144
104
13
288
254
345
94
233
133
154
167
112
191
93
131
329
247
101
347
80
145
23
252
298
75
190
87
66
54
197
194
189
314
142
259
270
38
162
202
266
4
205
243
330
321
271
77
237
325
138
269
89
73
209
124
107
292
283
T
otal
4,450
13,808
5,380
18,915
57,797
110,735
11,916
8,226
43,080
11,500
5,199
3,041
91,751
6,592
7,035
3,305
3,735
118,306
11,335
17,682
3,667
56,458
3,216
72,738
157,509
2,960
292,078
135,080
10,141
18,381
9,709
6,354
19,520
12,196
17,794
197,686
4,166
4,845
3,009
19,827
5,455
13,316
11,327
9,421
16,153
7,829
20,576
13,408
3,384
5,066
18,305
2,877
24,362
12,152
108,520
4,938
3,922
25,582
7,974
22,877
29,963
41,119
7,505
7,593
8,059
3,562
12,520
4,766
4,596
71,753
9,992
7,095
4,645
366,669
6,861
5,231
3,375
3,472
4,595
25,353
5,403
3,422
12,682
4,606
22,063
26,510
6,649
13,921
17,199
4,016
4,260
Natural
resources Con
and struction
m
ining
28
243
168
751
159
437
192 1,804
357
(D)
1,251 9,285
60
(D)
171
402
302 1,571
54
682
141
248
87
16
828 5,992
46
277
434
189
48
422
76
167
1,524
(D)
700
585
3,309
675
133
224
1,455 3,048
150
(D)
1,986 4,080
1,074 7,778
36
90
(D) 11,853
814 4,232
381
805
1,499
914
463
724
343
382
366 1,468
45
683
124
708
1,006 9,053
176
413
197
59
55
185
5,804
507
240
187
496
(D)
415
(D)
479
51
55
806
120
320
929
(D)
(D)
(D)
119
(D)
64
216
842 1,419
41
186
137
968
720
(D)
1,026 6,842
204
88
88
155
(D) 1,252
78
(D)
15
620
703 1,699
4,997 1,706
737
351
1,028
290
78
269
109
(D
)
166
937
684
332
136
257
510
(D)
1,829
629
118
356
9
126
542
(D)
211
226
137
248
(D)
(D)
592
173
(D
)
(D)
911
(D)
141
(D)
59
135
99
897
27
(D)
74
767
72 1,360
227
1,359
101
871
208
664
240
248
614
279
Durable Nondurable
goods
goods
manu
manu
facturing facturing
242
2,219
194
(D)
(D)
6,553
(D)
(D)
(D)
(D
)
664
421
3,423
1,381
(D)
161
(D)
(D)
616
222
(D)
3,376
(D)
2,877
8,216
639
(D)
(D)
218
1,106
384
(D)
1,153
(D)
(D)
15,993
142
1,199
590
(D)
(D)
(D)
2,014
1,776
1,205
(D)
1,643
(D)
555
231
801
460
1,994
(D)
4,583
(D)
(D)
(D)
(D)
348
3,222
(D)
(D)
701
667
(D)
360
(D)
465
(D)
(D)
882
(D)
(D)
1,755
1,002
(D)
(D)
(D)
(D)
(D)
592
731
336
1,117
2,586
(D)
2,209
4,015
103
77
(D N show toavoiddisclosure of confidential inform but the estimates for this itemare included inthe totals.
) ot
n
ation,
29
1,043
32
(D)
(D)
3,398
714
(D)
(D)
(D)
697
413
1,327
90
(D)
17
(D)
(D)
481
910
(D)
1,752
(D)
3,629
3,322
301
(D)
(D)
375
469
202
(D)
1,013
(D)
(D)
3,831
21
840
163
(D)
(D)
(D)
721
1,065
268
(D)
1,020
(D)
120
87
833
132
1,156
(D)
2,152
(D)
(D)
(D)
(D)
327
259
(D)
(D)
324
277
280
1,500
(D)
317
(D)
(D)
706
(D)
(D)
409
426
(D)
(D)
(D)
(D)
(D)
420
596
870
4,964
1,377
(D)
1,317
446
113
113
Trade
619
2,016
827
(D)
6,731
17,530
(D)
(D)
(D)
1,441
990
389
(D)
780
979
471
525
(D)
1,194
2,297
586
(D)
(D)
9,061
17,061
368
(D)
15,512
1,186
2,001
1,623
733
2,708
(D)
(D)
25,429
561
449
438
1,915
712
1,583
1,535
1,548
2,657
955
2,524
2,306
445
405
2,879
298
3,287
(D)
15,194
(D)
667
(D)
(D)
2,133
3,251
5,130
(D)
1,100
(D)
(D)
1,731
(D)
(D)
(D)
1,394
931
344
27,129
805
803
334
491
604
3,152
546
430
1,522
647
(D)
3,469
994
1,685
2,397
(D)
548
Pro
Transpor Infor Financial fessional Education Leisure
Other Government
and health
and
tation and mation activities
and
utilities
business services hospitality services
services
271
163
758
223
365
109
1,300
(D)
2,268
(D)
6,579 1,883
924
(D)
251
(D)
1,218 2,039
707
221
170
195
168
107
(D) 3,102
269
320
239
261
226
71
212
(D)
5,397 5,220
177
338
438
409
112
191
(D) 2,169
(D
)
(D)
4,003 3,464
4,014 9,834
103
32
(D) 16,667
7,715 14,618
967
191
332
606
168
159
81
165
487
558
227
(D)
991
(D)
7,672 21,645
48
86
143
30
143
55
943
363
417
104
466
(D)
293
(D)
362
121
759
357
234
322
969
554
447
(D)
210
39
125
234
1,421
332
109
42
2,711
719
566
(D)
5,593 5,231
79
(D)
241
60
499
(D)
764
(D)
561 1,449
1,293
974
3,501 1,776
151
(D)
291
303
296
(D)
196
(D)
494
174
(D)
(D)
112
(D)
3,191
(D)
557
174
366
219
71
28
13,263
(D)
266
126
229
105
65
(D)
79
54
115
(D)
752
(D)
165
(D)
128
92
906
368
172
(D)
842
(D)
1,189
937
94
286
1,286
292
913
358
56
(D)
136
144
876
1,855
1,006
2,762
13,748
22,895
1,775
966
(D)
1,439
698
249
24,225
912
1,125
706
380
19,618
1,875
2,960
481
14,757
(D
)
11,626
41,302
295
77,961
22,900
2,402
3,918
2,004
1,562
4,771
1,430
2,193
45,951
1,113
689
295
1,596
909
(D)
1,737
873
3,166
1,105
3,227
2,234
505
686
3,310
232
3,522
1,660
24,352
460
393
3,703
1,325
4,970
4,969
6,233
913
764
1,153
393
1,969
288
511
13,305
1,081
814
347
(D)
1,001
856
292
587
560
2,831
347
302
3,449
705
5,145
4,163
691
1,732
2,363
646
403
261
1,429
412
2,086
8,445
8,840
1,178
368
5,008
840
301
162
9,077
580
390
199
278
17,895
748
1,193
331
7,029
165
8,384
21,025
103
51,749
22,538
784
2,205
1,228
670
2,145
1,049
(D)
22,557
363
249
162
981
445
(D)
(D)
861
1,446
710
(D)
1,308
(D)
457
1,211
133
2,523
(D)
15,989
258
243
(D)
537
4,649
3,121
4,435
388
528
(D)
(D)
816
196
259
6,514
596
436
425
77,803
403
301
(D)
124
(D)
(D)
222
184
1,073
298
1,917
3,252
264
1,083
1,081
236
209
533
1,265
671
1,353
3,709
8,050
1,291
2,812
(D)
1,236
300
519
6,641
802
826
337
378
11,362
1,340
997
480
3,139
343
5,936
8,763
252
18,044
8,507
733
1,362
870
501
1,680
1,270
(D)
12,329
488
421
398
1,465
(D)
1,345
1,530
652
1,944
1,149
3,208
(D)
457
370
1,632
230
2,763
(D)
9,250
546
456
(D)
813
2,645
2,974
2,982
423
1,120
1,068
(D)
1,200
337
473
4,549
634
810
221
20,570
595
446
(D)
374
(D)
(D)
470
406
828
539
2,486
3,493
733
1,211
1,991
369
344
231
385
213
2,005
1,448
4,431
350
256
1,117
303
115
83
2,899
215
193
198
154
(D)
298
1,077
116
1,952
106
3,488
6,696
365
10,488
3,248
506
930
389
444
769
583
550
6,766
249
117
112
1,031
208
(D)
306
279
654
292
669
428
113
171
532
68
717
(D)
4,964
148
130
741
245
557
1,273
984
207
235
240
148
394
103
104
2,400
238
228
120
10,896
155
121
173
163
166
(D)
129
87
529
137
504
798
211
358
483
99
150
124
382
172
381
(D)
3,257
(D)
158
819
334
112
61
2,286
156
186
130
111
(D)
265
377
134
1,439
94
1,687
3,320
56
6,050
1,875
261
460
290
182
520
318
486
4,146
126
88
78
333
141
224
307
215
448
290
610
401
144
113
500
81
574
480
2,651
139
102
643
(D
)
520
775
797
156
186
201
(D)
345
101
109
(D)
277
231
93
12,725
132
111
74
85
116
525
134
105
266
(D)
364
725
165
422
451
106
83
829
1,313
784
2,109
8,166
16,782
1,304
661
4,639
932
568
365
18,695
764
835
319
490
11,407
2,718
2,819
544
6,151
700
12,515
25,104
319
26,213
7,802
1,332
2,579
1,204
1,127
1,881
1,945
1,968
21,308
379
362
334
2,453
552
706
931
1,139
2,387
2,081
3,346
1,397
419
1,906
2,592
865
3,291
3,810
10,693
700
786
2,978
1,561
4,082
5,451
3,094
1,360
723
1,860
960
2,436
435
956
20,801
1,770
997
2,366
74,025
778
446
339
539
572
2,540
1,213
483
1,418
457
1,279
3,088
991
1,354
1,828
1,011
1,159
D -7 4
A ugust 2 0 0 9
K. C harts
SELECTED REGIONAL ESTIMATES
SH A R E S O F U.S. G R O S S DOM ESTIC PRO DU CT BY STATE BY REGION
Mideast
18 .4 %
1969
Mideast
2 3 .5 %
Great Lakes
2 1 .4 %
Great Lakes
14 .0 %
New England
5 .4 %
Plains
6.4%
New England
5 .8 %
Plains
7 .4%
Far West
14 .8 %
Far West
18 .2 %
Southeast
22.2%
Rocky Mountain
2.2%
Southwest
7 .3 %
Rocky Mountain
3 .4 %
Southeast
1 7 .7 %
Southwest
12.0%
SH A R E S O F U.S. PERSO NAL INCOME BY REGION
1969
Mideast
2 3 .5 %
Great Lakes
20.9 /c
New England
6 .4 %
Plains
7 .5 %
Far West
1 5 .2 %
2008
Mideast
18 .4 %
Great Lakes
14 .4 %
New England
5 .8 %
Plains
6 .4 %
Far West
18 .0 %
Southeast
22.6%
Rocky Mountain
2.2%
7 .0 %
Southeast
1 7 .3 %
Rocky Mountain
3 .3 %
Southwest
11.2%
AVERA G E ANNUAL GROWTH RATE O F PERSO N AL INCOME, 1998-2008
U.S. average
STATES WITH FA STEST GROWTH 5.0 %
U.S. average
STATES WITH SLO W EST GROWTH 5 .0 %
M
ichigan
U.S. Bureau of Economic Analysis
Survey
A ugust 2 0 0 9
of
D -7 5
C u r r e n t B usin ess
SELECTED REGIONAL ESTIMATES
P E R CAPITA G R O S S D O M ESTIC PR O D U C T BY STATE IN C U R R E N T D O LLAR S, 2008
ID v
$34,615
>0,380;
Highest quintile
Fourth quintile
Third quintile
Second quintile
Lowest quintile
P E R CAPITA P E R S O N A L INCOM E, 2008
Highest quintile
Fourth quintile
Third quintile
Second quintile
Lowest quintile
Bureau of Economic Analysis
D -7 6
A ugust 2 0 0 9
Appendixes
A. A dd itio nal Inform ation A b o u t th e NIPA E stim ates
Statistical Conventions
Current-dollar GDP is a measure of the market value
of goods, services, and structures that are produced in
the economy in a particular period. The changes in current-dollar GDP can be decomposed into quantity and
price components. Quantities, or “real” measures, and
prices are expressed as index numbers with the reference
year— at present, the year 2005— equal to 100.1
The annual changes in quantities and prices are calcu
lated using a Fisher formula that incorporates weights
from 2 adjacent years. For example, the annual percent
change in real GDP for 2006-2007 uses prices for 2006
and 2007 as weights, and the 2006-2007 annual percent
change in the GDP price index uses quantities for 2006
and 2007 as weights. Because the Fisher formula allows
for the effects of changes in relative prices and in the
composition of output over time, the resulting quantity
or price changes are not affected by the substitution bias
that is associated with changes in quantities and prices
calculated using a fixed-weighted formula. These annual
changes are “chained” (multiplied) together to form time
series of quantity and price indexes. The percent changes
in the Fisher indexes are not affected by the choice of the
reference year.
BEA also publishes implicit price deflators (IPDs),
which are calculated as the ratio of the current-dollar
value of a component to the chained-dollar value of the
component, multiplied by 100. The values of an IPD are
very close to the values of the corresponding “chain-type”
price index.
The measures of real GDP and its major components
are also presented in dollar-denominated form, desig
nated “chained (2005) dollar estimates.” For most series,
these estimates are computed by multiplying the cur
rent-dollar value in 2005 by a corresponding quantity
index number and then dividing by 100. For example, if a
current-dollar GDP component equaled $100 in 2005
and if real output for this component increased by 10
percent in 2006, then the chained (2005) dollar value of
this component in 2006 would be $110 ($100 x 1.10).
The percent changes calculated from the chained (2005)
dollar estimates and from the quantity indexes are the
same; any differences will be small and due to rounding.
The chained-dollar values for the detailed GDP com
ponents will not necessarily sum to the chained-dollar
estimate of GDP (or to any intermediate aggregate) in a
table, because the relative prices that are used as weights
for any period other than the reference year differ from
those of the reference year. A measure of the effect of such
1. See J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech, “ChainedDollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” S rv of C rren
u ey u t
B sinss (November 2003): 8-16.
u e
differences is provided by a “residual” line— the differ
ence between the chained-dollar value of the main aggre
gate in the table and the sum of the most detailed
components in the table. For periods close to the refer
ence year, when the relative prices that are used as weights
have usually not changed much, the residuals tend to be
small, and the chained-dollar estimates can be used to
approximate the contributions to growth and to aggre
gate the detailed estimates. For periods further from the
reference year, the residuals tend to be larger, and the
chained-dollar estimates are less useful for analyses of
contributions to growth. In particular, for components
for which relative prices are changing rapidly, the calcula
tion of contributions based on chained-dollar estimates
may be misleading even just a few years from the refer
ence year. Thus, contributions derived from quantity
indexes provide a better measure than contributions
derived from chained-dollar estimates; contributions
based on quantity indexes are shown in selected NIPA
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
sented at annual rates, which show the value that would
be registered if the rate of activity that is measured for a
quarter or for a month were maintained for a full year.
Annual rates are used so that periods of different
lengths— for example, quarters and years— may be more
easily compared. These annual rates are determined sim
ply by multiplying the estimated rate of activity by 4 (for
quarterly data) or by 12 (for monthly data).
For most quarterly NIPA estimates, percent changes in
the estimates are also expressed at annual rates. Calculat
ing these changes requires a variant of the compound
interest formula:
r =
x 100
where r is the percent change at an annual rate; xt is the
level of activity in the later period; Xq is the level of activ
ity in the earlier period; m is the periodicity of the data
(for example, 1 for annual data, 4 for quarterly data, or 12
for monthly data); and n is the number of periods
between the earlier periods and the later periods (that
is, ? - 0 ) .
Quarterly and monthly NIPA estimates are seasonally
adjusted if necessary. Seasonal adjustment removes from
the time series the average effects of variations that nor
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
cal and other short-term changes in the economy stand
out more clearly.
A u g u st 2 0 0 9
Sur v ey
of
D -7 7
C u r r e n t B usin ess
Reconciliation Table
Table 1. R elation of Net Exports of G oods and S ervices and Net R eceipts of Incom e in the NIPAs
to B alance on G oods and Services and Incom e in th e ITAs
[B n o dlla ]
illio s f o rs
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Exports of goods and services and income receipts, ITA
s.............................................................
Less: Gold, ITA
s......................................................................................................................
Statistical differences 1......................................................................................................
Other items.....
Plus: Adjustment for grossing of parent/affiliate interest payments........................................................
Adjustment for U territories and Puerto Rico........................................................................
.S.
Services furnished without payment by financial intermediaries except life insurance carriers...............
Equals: Exports of goods and services and income receipts, NIPAs................................................
Imports of goods and services and income payments, ITAs...........................................................
Less: Gold, ITAs......................................................................................................................
Statistical differences 1......................................................................................................
Other items....................................................................................................................
Plus: Gold, NIPAs....................................................
Adjustment for grossing of parent/affiliate interest payments
Adjustment for U territories and Puerto Rico........
.S.
Imputed interest paid to rest of world.....................
Equals: Imports of goods and services and income payments, NIPAs.............................................
Balance on goods and services and income, ITA (1-9)................................................................
s
Less: Gold (2-10+13)..............................................................................................................
Statistical differences (3-11)1..
Other items (4-12)...............
Plus: Adjustment for U territories and Puerto Rico (6-15)................................................................
.S.
Equals: Net exports of goods and services and net receipts of income, NIPAs (8-17)........................
1. Consists of statistical revisions tothe IT s that have not yet been incorporated intothe N A
A
IP s.
IT s International transactions accounts
A
N AN
IR s ational incom and product accounts
e
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
2,462.1
13.3
0.0
1.5
10.6
54.3
5.5
2,517.7
3,072.7
8.8
0.0
0.0
-3.9
10.6
39.8
5.5
3,115.8
-610.6
0.6
0.0
1.5
14.5
-598.1
2,591.2
18.7
0.0
1.6
10.3
50.6
8.5
2,640.3
3,168.9
12.5
0.0
0.0
-4.2
10.3
35.1
8.5
3,206.2
-577.7
2.0
0.0
1.6
15.5
-565.9
2,621.0
12.0
0.0
1.4
11.7
55.1
6.6
2,681.0
3,158.8
7.0
0.0
0.0
-4.4
11.7
33.5
6.6
3,199.1
-537.8
0.6
0.0
1.4
21.6
-518.1
2008
I
2,616.9
24.6
0.0
1.4
10.7
50.8
7.6
2,660.0
3,200.7
18.0
0.0
0.0
-4.0
10.7
36.4
7.6
3,233.4
-583.8
2.6
0.0
1.4
14.4
-573.4
II
2,687.5
19.0
0.0
1.6
10.6
55.7
8.8
2,742.0
3,313.8
12.5
0.0
0.0
-4.1
10.6
35.2
8.8
3,351.8
-626.3
2.4
0.0
1.6
20.5
-609.8
2009
III
2,693.5
17.7
0.0
1.8
9.9
46.8
8.0
2,738.6
3,300.8
12.6
0.0
0.0
-4.2
9.9
33.5
8.0
3,335.4
-607.3
0.9
0.0
1.8
13.3
-596.8
IV
I
2,367.0
13.4
0.0
1.6
9.8
49.2
9.7
2,420.7
2,860.4
6.6
0.0
0.0
-4.3
9.8
35.3
9.7
2,904.2
-493.4
2.5
0.0
1.6
13.9
-483.5
2,038.3
13.8
0.0
1.6
7.8
48.6
9.6
2,089.0
2,326.0
7.3
0.0
0.0
-5.1
7.8
36.5
9.6
2,367.5
-287.7
1.4
0.0
1.6
12.1
-278.5
D -7 8
A ugust 2 0 0 9
B. Suggested Reading
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.
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 are
used to prepare the estimates.
Concepts and Methods o f the U.S. National Incom e
and Product Accounts (Introductory Chapters
1 -4 ) (2008)
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (2002)
A n Introduction to National Incom e and Product
Accounts (2007)
M easuring the Economy: A P rim er on GDP and the
National Incom e and Product Accounts (2007)
The following S u rv ey articles describe the 2 0 0 9
comprehensive revision of the NIPAs.
“Preview of the Revised NIPA Estimates for 2002:
Effects of Incorporating the 2002 Benchmark 1-0 Ac
counts and Proposed Definition and Statistical
Changes” (March 2008)
Preview of the 2009 Comprehensive NIPA Revision
Changes in Definitions and Presentations (March
2009)
New Classifications for Personal Consumption
Expenditures (May 2008)
Statistical Changes (May 2009)
Initial Results of the 2009 Comprehensive NIPA Re
vision (August 2009)
In addition, see the following articles.
“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 Consum er D urable Goods in the United
States, 1 9 2 5 -9 7 (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 2003 comprehensive NIPA revision.
“Fixed Assets and Consumer Durable Goods for
1998-2007” (September 2008) 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)
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.
Mission Statement and Strategic Plan
The mission statement of the Bureau of Economic
Analysis and its most recendy updated strategic plan
for improving the accuracy, reliability, and relevance
of the national, industry, regional, and interna
tional accounts are available on BEA’s Web site at
www.bea.gov under “About BEA.”
D -7 9
A ugust 2 0 0 9
“Annual Industry Accounts” (December 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 In
put-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 2002-2005 (June 2006)
For 1998-2006 (June 2007)
For 2004-2007 (June 2008)
For 2005-2008 (June 2009)
International accounts
The international accounts encompass the interna
tional transactions accounts, direct investment, and
international transactions in services.
International transactions accounts. The Balance
o f Payments o f the United States: Concepts, D ata
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 2009 Survey.
Direct investment. International Direct Investment:
Studies by the Bureau o f Economic Analysis (1999) is a
collection of previously published articles on U.S. di
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 Survey, and “A Guide to
BEA Statistics on Foreign Direct Investment in the
United States,” which is also available in the February
1990 Survey.
In addition, the updated methodologies are avail
able in U.S. Direct Investment Abroad: Final Results
From the 1999 Benchm ark Survey (2004) and in Foreign
Direct Investment in the United States: Final Results
From the 2002 Benchm ark Survey (2006).
International services. U.S. International Transac
tions in Private Services: A Guide to the Surveys Con
ducted by the Bureau o f 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 Incom e (2007) describes the im
provements in the methodology that are used to
prepare the estimates.
Local Area Personal Incom e (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 D om estic Product by State (2006) describes
the sources and the methods that are used to pre
pare the estimates.
“Gross Domestic Product by State” (June
2009) presents the most recent annual revision.
“Introducing New Measures of the Metropolitan
Economy: Prototype GDP-by-Metropolitan-Area
Estimates for 2001 -2 0 0 5 ” (November 2007) de
scribes the potential uses of the estimates and the
methodology used to prepare them.
A v a ila b le o n a fre e D V D ...
R e g io n a l E c o n o m ic
I n f o r m a t io n Sy s t e m
1 9 6 9 -2 0 0 7
The REIS DVD contains estimates for 1969-2007 for 3,111 counties,
366 metropolitan statistical areas, 574 micropolitan statistical areas,
124 combined statistical areas, 29 metropolitan divisions, and 179
B E A economic areas.
The following tables are on the DVD:
• Personal income by major source
• Earnings by industry
• Compensation of employees by industry
• Full-time and part-time employment by industry
• County income and employment summary
• Regional economic profiles
• Personal current transfer receipts
• Farm income and expenses
• B E A Regional Fact Sheets (B EA R FA C TS)
To receive your free copy, call the Regional Economic Information System at 2 0 2 -6 0 6 -5 3 6 0 , fax 2 0 2 -6 0 6 -5 3 2 2 ,
or e-mail reis@bea.gov. Specify product number R C N -0954.
@FedFRASER