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DECEMBER 1999 ^

VOLUME 79 NUMBER

12

SURVEY of CURRENT BUSINESS

IN THIS ISSUE . . .

Improved NIPA Estimates for 1959-98

U.S. DEPARTMENT OF COMMERCE ^ > ECONOMICS AND STATISTICS ADMINISTRATION




BUREAU OF ECONOMIC ANALYSIS

DECEMBER 1999

VOLUME 7 9

NUMBER

12

SURVEY of
CURRENT BUSINESS
The SURVEY OF CURRENT BUSINESS (ISSN

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Douglas R, Fox, Editor-in-Chief
W; Ronnie Foster, Graphics Designer
M, Gretchen Gibson, Manuscript Editor
Ernestine T. Gladden, Production Editor
Eric B, Manning, ManagingEditor
Laura A. Oppel, Production Editor

THIS ISSUE of the SURVEY went to the printer on December 14,1999.

It incorporates data from the following monthly BEA news releases:
U.S. International Trade in Goods and Services (November 18),
Gross Domestic Product (November 24), and
Personal Income and Outlays (November 26).

December 1999

SURVEY OF CURRENT BUSINESS

TABLE




OF

CONTENTS

special in this issue
15 Improved Estimates of the National Income and Product Accounts
for 1959-98: Results of the Comprehensive Revision
On October 28, 1999, BEA released revised NIPA estimates beginning with 1959
that reflected the incorporation of major definitional and statistical improvements that are designed to better measure the evolving U.S. economy. This
article describes the revisions to GDP and to other major NIPA aggregates and
components, and it identifies the principal sources of these revisions. For example, according to the revised estimates, real GDP grew faster than previously
estimated; the faster growth rate was primarily attributable to a definitional
change that recognized software as investment and to statistical changes to the
price estimates.

l\egular features
1

Business Situation
Real GDP increased 5.5 percent in the third quarter of 1999, according to the
"preliminary" estimate; the "advance" estimate issued last month had shown
a 4.8-percent increase. The price index for gross domestic purchases increased
1.7 percent, 0.1 percentage point more than the previously published increase.
Corporate profits increased $8.2 billion (or 0.9 percent at a quarterly rate) in the
third quarter. The Federal Government current surplus increased $16.6 billion,
to $134.7 billion, in the third quarter, and the State and local government
surplus increased $10.7 billion, to $48.3 billion.

l\eports and statistical presentations
44 National Income and Product Accounts
44
132

National Income and Product Accounts Tables
GDP and Other Major NIPA Series, 1959-99

148 Subject Guide: Volume 79 (1999)
150 2000 Release Dates for BEA Estimates
— Continued on next page —

H




SURVEY OF CURRENT BUSINESS

D-l

BEA Current and Historical Data

National Data:
D-3 Domestic? Perspectives
D-5 Charts
International Data: .
D-7 Transactions Tables
D-l 3 Investment Tables
D-l8 International Perspectives
D-20 Charts
Regional Data:
D-21 State and Regional Tables
D-25 Local Area Table
D-27 Charts
Appendixes:
D-29 Appendix A: Additional Information About BEA'S NIPA Estimates
D-29 Statistical Conventions
D-30 Reconciliation Tables
D-31 Appendix B: Suggested Reading

Inside back cover: Getting BEA'S Estimates
Back cover: Schedule of Upcoming BEA News Releases

LOOKING A H E A D
Annual Input-Output Accounts of the U.S. Economy. The 1996 annual input-output
(1-0) accounts will be presented in the January 2000 SURVEY and will be available
on BEA'S Web site on December 20, 1999. These accounts present a detailed picture
of how 97 industries and commodities interact to provide input to, and take output
from, each other. The 1996 1-0 estimates are based on conventions that are consistent
with the 1992 benchmark 1-0 accounts and with the definitional and statistical changes
that were introduced in the recently released comprehensive revision of the NIPA'S.

December 1999

SURVEY OF CURRENT BUSINESS

December 1999

BUSINESS
This article was
prepared by Larry
R. Moran, Daniel
Larkins, Ralph W.
Morris, Deborah
Y. Sieff, and Kurt
S. Bersani.

SITUATION

EAL GROSS domestic product (GDP) increased 5.5 percent in the third quarter of
1999, according to the "preliminary" estimates
of the national income and product accounts
(NIPA'S), after increasing 1.9 percent in the second quarter (table 1 and chart 1); the "advance"
third-quarter estimate of real GDP, reported in
the November SURVEY OF CURRENT BUSINESS,
had shown a 4.8-percent increase.1 The upward
revision to real GDP primarily reflected a down-

ward revision to imports, which are subtracted
in the calculation of GDP, and upward revisions
to private nonfarm inventory investment, to consumer spending for services, and to State and
local government spending; these revisions were
partly offset by a downward revision to private
investment in equipment and software. Real final
sales of domestic product and real gross domesCHART 1

1. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted
annual rates. Quarter-to-quarter dollar changes are the differences between
the published estimates. Quarter-to-quarter percent changes are annualized
and are calculated from unrounded data unless otherwise specified.
Real estimates are calculated using a chain-type Fisher formula with annual weights for all years and for all quarters except those for the most recent
year, which are calculated using quarterly weights; real estimates are expressed
both as index numbers (1996=100) and as chained (1996) dollars. Price
indexes (1996=100) are also calculated using a chain-type Fisher formula.

Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real
Final Sales to Domestic Purchasers
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Level
1999

Change from preceding
quarter
1998

8,897.7 123.2

Less: Exports of goods and services

1,055.2 37.8 -14.4
1,391.9 32.1 37.8

10.0
44.5

9,212.6 117.3 125.9

70.8 134.4

Equals: Gross domestic purchases
Less: Change in private inventories
Nonfarm
Farm
Equals: Final sales to domestic purchasers
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic fixed investment
Nonresidential fixed investment
Structures
Equipment and software
Residential investment
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local

1998

1999

1999

Gross domestic product

Plus: Imports of goods and services

Percent change from
preceding quarter

78.7

40.7 119.1

33.9 -5.4 -20.6 -56.1
37.1 -19.3 -15.1 -30.0
-5.7 14.9 -5.4 -6.5

28.8
46.5

3.7

1.9

5.5

1996
1997
1998
1999
Based on Seasonally Adjusted Annual Rates

16.1 -5.5
10.8 12.5

4.0
14.4

11.7
14.6

CONTRIBUTIONS TO 5.5-PERCENT INCREASE IN REAL GDP IN 1999:111

3.2

6.1

5.9

5.5

5.8

Personal Consumption Expenditures

19.9
24.0

Nonresidential Fixed Investment-

9,171.8 123.0 144.2 103.0 114.0

6.7

4.7

73.4 67.0
17.3 15.1
14.2 15.1
42.7 37.5
25.1 31.7
20.2 38.1
-3.4 -1.0
25.2 41.0
5.1 -4.7

4.6
6.5
20.4 12.4
8.9
5.0
4.2
1.5
9.1
13.8
7.8
15.3
5.8 -5.8
18.6 12.5
9.8 12.9

5.1
9.1
3.3
5.2
6.6
7.0

4.6
7.7
3.5
4.5
8.3
13.3
-1.5
11.2 18.2
5.5 -4.8

1,535.4 10.6 18.7 4.9 15.9
539.3
2.8
5.0 -.6
5.1
348.5 -2.6 -<3.5 -5.2
9.3
5.0 -4.1
190.8
2.8
7.5
2.2 10.7
995.8
5.5 19.3

5.1
2.9
3.9 -.5
-2.9 -4.0
17.8 6.1
8.2
2.3

1.3
4.2
2.1
3.9
-2.6 11.4
10.9 -8.1
4.4

6,028.8
821.2
1,778.8
3,436.7
1,612.7
1,241.0
247.5
1,001.9
374.1

65.1 92.6
34.8 22.8
20.6 36.9
12.4 34.5
48.5 33.4
40.5 21.9
3.6 -4.8
37.9 27.2
8.4 11.1

5.8

5.1
Residential Fixed Investment

Change in Private Inventories
Exports

iment Consumption and investment
- 2

Addendum: Final sales of domestic product

128.7

96.9

72.7

98.7

6.2

4.6

3.4

4.6

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar
value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more
than one period, the corresponding chained-dollar estimates usually are not additive. Chained (1996) dollar levels and residuals,
which measure the extent of nonadditivity in each table, are in NIPA tables 1.2, 1.4, and 1.6. Percent changes are calculated from
unrounded data. Percent changes in major aggregates are in NIPA table S.1.




'••

- r i -

•• '

0

' • •'•-1.

•

:

:• ,-:%'-•

.;: -

Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis

3

2 • December




SURVEY OF CURRENT BUSINESS
tic purchases were each revised up less than GDP.
(The sources of the revisions are discussed in the
section "Revisions.")
The picture of the economy in the third quarter
that is shown by the preliminary estimates is similar to that shown by the advance estimates. Like
the advance estimates, the preliminary estimates
showed the following:
• The third-quarter increase in real GDP—at
5.5 percent—was well above the 3.5-percent
average annual growth rate for real GDP over
the current expansion, which began in the
second quarter of 1991.
• The sharp third-quarter acceleration was primarily accounted for by an upturn in private
nonfarm inventory investment and by accelerations in exports of goods and in private
nonresidential investment in equipment and
software. These changes were partly offset by
a downturn in private residential investment
and a small slowdown in consumer spending.
• Real final sales of domestic product accelerated less than GDP, as private inventory
investment—which is excluded from final
sales of domestic product—increased after
decreasing in the second quarter.2
• Real gross domestic purchases accelerated
less than GDP, as exports—which are ex-

eluded from gross domestic purchases—
accelerated sharply.3
• The largest contributors to the third-quarter
increase in real GDP were consumer spending, private investment in equipment and
software, exports of goods and services,
and private nonfarm inventory investment
(table 2 and chart 1). The increase in GDP
was moderated by an increase in imports.
The price index for gross domestic purchases
increased 1.7 percent in the third quarter after increasing 1.9 percent in the second (table 3). In
the third quarter, a deceleration in energy prices
more than offset an acceleration in food prices.
The price index for gross domestic purchases excluding the prices of food and energy—food and
energy prices are normally more volatile than
many other prices—increased 1.2 percent in the
third quarter, the same as in the second, GDP
prices increased 1.1 percent after increasing 1.3
percent.
Real disposable personal income (DPI) increased 2.7 percent in the third quarter after increasing 3.2 percent in the second. The personal
saving rate—personal saving as a percentage
3. Gross domestic purchases—a measure of purchases by U.S. residents
regardless of where the purchased goods and services were produced—is
calculated as the sum of personal consumption expenditures, gross private
domestic investment, and government consumption expenditures and gross

2. Final sales of domestic product is calculated as GDP less change in
private inventories.

Table 3.—Percent Changes in Prices
Table 2.—Contributions to Percent Change in Real Gross
Domestic Product

[Annual rates; based on seasonally adjusted index numbers (1996-100)]
1998

1999

[Seasonally adjusted at annual rates]
1999

1998

Gross domestic product
Less: Exports of goods and services

Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable goods

Services

Gross private domestic investment
Fixed investment
Nonresidential

Structures

Equipment and software
Residential
Change in private inventories
.....
Net exports of goods and services
Exports
;
Goods
Services
Imports .
..
. .
Goods
Services
Government consumption expenditures and
gross investment

Federal

National defense
Nondefense
State and local

Plus: Imports of goods and services

5.9

3.7

1.9

5.5

3.13
1.51
.98
.64
1.94
2.20
1.79
.18
1.61
.41
-.26
.33
1.65
1.38
.27
-1.32
-1.29
-.03

4.27
.96
1.68
1.63
.67
1.48
.94
-.18
1.12
.53
-.80
-2.13
-.61
-.74
.13
-1.52
-1.28
-.24

3.36
.71
.64
2.01
-.36
1.10
.86
-.16
1.02
.24
-1.46
-1.35
.42
.32
.10
-1.77
-1.59

3.13
.62
.71
1.80
2.32
1.40
1.61
-.04
1.65
-.22
.92
-.65
1.21
1.12
.09
-1.86
-1.83
-.04

.51
.24
-.12
.36
.28

.87
-.03
-.16
.13
.90

.23
.13
-.10
.23
.10

.76
.24
.43
-.19
.51

NOTE.-NIPA table 8.2 also shows contributions for 1998:11 and 1998:111.

Equals: Gross domestic purchases

0.9

2.0

1.3

1.1

-1.3
-.3

-.5
^3.0

.7
5.2

1.2
6.2

1.0

1.6

1.9

1.7

1.0

1.7

2.0

1.8

1.2
2.4
-6.4
1.4

1.4
2.5
-2.5
1.4

2.2
1.2
26.9
1.3

1.9
2.1
14.3
1.2

-1.8
3.5
-3.5

-.9
1.3
-1.6

-1.4
2.2

-1.4
3.3
-5.7

Less: Change in private inventories
Equals: Final sales to domestic purchasers
Personal consumption expenditures
Food
Energy goods and services *
Other personal consumption expenditures
Private nonresidential fixed investment
Structures
Equipment and software
Private residential investment

4.5

4.0

3.6

3.7

Government consumption expenditures and
gross investment
Federal
National defense
,
Nondefense
State and local

1.3
1.4
1.0
2.1
1.3

3.8
8.6
7.6
10.4
1.4

2.9
.9
1.0
.7
4.0

3.4
1.8
1.8
1.7
4.3

Addendum: Gross domestic purchases less
food and energy

1.1

1.7

1.2

1.2

1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
NOTE.—Percent changes in major aggregates are in NIPA table 8.1. Index number levels are
in tables 7.1, 7.2, and 7.4.

December 1999

SURVEY OF CURRENT BUSINESS
of current-dollar DPI—continued its downtrend,
decreasing to 2.1 percent from 2.5 percent; the
third-quarter rate is the lowest since 1959, the first
year for which quarterly estimates are available.4

CHART 2

Real Personal Consumption Expenditures
Percent

Personal consumption expenditures
Real personal consumption expenditures (PCE)
increased 4.6 percent in the third quarter after increasing 5.1 percent in the second (table 4
and chart 2). Although the third-quarter increase
was smaller than that in the second quarter, it
was larger than the 3.7-percent average annual
growth rate over the current expansion. The
deceleration was accounted for by slowdowns
in durable goods and in services; nondurable
goods increased slightly more than in the second
quarter.
The deceleration in PCE was consistent with
movements in consumer income and in indicators of consumer sentiment (chart 3). Growth in
real DPI slowed, and the Index of Consumer Sentiment (prepared by the University of Michigan's
Survey Research Center as a measure of consumer
attitudes and expectations) declined. In contrast,
the unemployment rate decreased to 4.2 percent,
its lowest quarterly rate since 1970.

1996

1997

1998

1999

Based o n Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO 4.6-PERCENT INCREASE IN

REAL PERSONAL CONSUMPTION EXPENDITURES IN 1999:111

Nondurable Goods
Services
-

1

0

1

2

Percentage points at an annual rate
4. As a result of the recently released comprehensive revision of the
NIPA'S, the personal saving rate is higher for all periods than was previously
indicated, the higher rate reflects both definitional changes and inclusion of
new source data. For information about the definitional changes, see "A
Preview of the 1999 Comprehensive Revision of the National Income and
Product Accounts" on page 7 of the August 1999 SURVEY.

U.S. Department of Commerce, Bureau of Economic Analysis

Table 4.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Percent change from preceding

Billions of chained (1996) dollars
Level

Personal consumption expenditures

i|uai lot

Change from preceding quarter

1999

1998

III

IV

1QQA
1990

1999
I

II

III

1QQQ

I

IV

II

III

6,028.8

65.1

92.6

73.4

67.0

4.6

6.5

5.1

4.6

821.2
319.4
101.4
88.9
346.2
157.6

34.8
20.7
7.7
7.7
10.9
2.8

22.8
3.0
1.6
-.9
14.1
6.4

17.3
6.8
5.6
1.3
8.8
1.8

15.1
2.2
-.8
2.3
10.7
2.9

20.4
32.2
40.5
45.6
15.2
8.1

12.4
3.9
6.5
-4.0
19.3
18.5

9.1
9.2
25.5
11.3
4.8

7.7
2.7
-3.2
11.0
13.3
7.8

Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods .
Other

1,778.8
848.4
321.6
146.0
463.4

20.6
12.4
3.4
-1.2
5.5

36.9
4.1
19.1
1.0
13.2

14.2
5.1
2.1
1.0
6.0

15.1
3.8
4.8
2.1
4.8

5.0
6.1
4.8
-3.4
5.2

8.9
2.0
28.4
2.8
12.6

3.3
2.4
2.7
2.8
5.4

3.5
1.8
6.1
5.9
4.2

Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other

3,436.7
828.5
363.9
134.9
228.9
242.4
881.0
889.0

12.4
4.0
-8.3

34.5
6.4
8.6
5.4
3.2
1.6
3.4
9.1

42.7
4.7
4.8
1.1
3.6
2.2
6.4
18.1

37.5
5.4
5.1
2.7
2.5
2.5
9.0
8.2

1.5
2.0
-9.0
-28.4
4.5
2.5
2.7
3.4

4.2
3.2
10.3
18.5
6.0
2.8
1.6
5.6

5.2
2.3
5.6
3.5
6.7
3.6
3.0
9.5

4.5
2.7
5.8
8.4
4.4
4.2
4.2
5.7

Durable goods
Motor vehicles and parts
Of whiclr. New autos
New trucks
Furniture and household equipment.
Other

NOTE—See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are in NIPA tables 2.3 and 8.9B (motor vehicles). Percent changes
in major aggregates are in NIPA table S.1.




-10.9

2.4
1.5
5.8
6.5

6.0

December 1999




SURVEY OF CURRENT BUSINESS
Expenditures for durable goods increased J.J
percent after increasing 9.1 percent. The deceleration was more than accounted for by a
slowdown in motor vehicles and parts, which
reflected a downturn in new autos. Furniture
and household equipment and "other" durable
goods increased a little more than in the second
quarter.5
Expenditures for services increased 4.5 percent after increasing 5.2 percent. The slowdown
was more than accounted for by a slowdown in
"other" services, which largely reflected a downturn in brokerage commissions.6 In contrast,
housing, household operation, transportation,
and medical care increased slightly more than in
the second quarter.
5. "Other" durable goods includes jewelry and watches, ophthalmic products and orthopedic equipment, books and maps, bicycles and motorcycles,
guns and sporting equipment, photographic equipment, boats, and pleasure
aircraft.
6. "Other" services includes personal care, personal business, recreational, net foreign travel, education and research, and religious and welfare

Expenditures for nondurable goods increased
3.5 percent after increasing 3.3 percent. Clothing
and shoes and gasoline, fuel oil, and other energy
goods increased more than in the second quarter.
Food and "other" nondurable goods decelerated.7
Private fixed investment
Real gross private domestic fixed investment increased 8.3 percent in the third quarter after
increasing 6.6 percent in the second (chart 4).
An acceleration in nonresidential fixed investment more than offset a downturn in residential
investment.
Nonresidential fixed investment.—Real private
nonresidential fixed investment jumped 13.3 percent quarter after increasing 7.0 percent (table 5).
The acceleration primarily reflected an acceleration in spending on equipment and software; in
addition, spending on structures decreased less
than in the second quarter.
7. "Other" nondurable goods includes tobacco, toilet articles, stationery
and writing supplies, toys, film, flowers, cleaning preparations and paper
products, and magazines and newspapers.

CHART 4

Selected Factors
Affecting Consumer Spending

Real Private Fixed Investment
Percent
25

Percent change
10
REAL DISPOSABLE PERSONAL INCOME

20

.I,IIIIlll 11

15

10

1996
1997
1998
1999
Based on Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO 8.3-PERCENT INCREASE IN
REAL PRIVATE FIXED INVESTMENT IN 1999:111

Nonresidential Structures

Nonresidential Equipment and Software

1996

1997

1998

1999

1. Based on seasonally adjusted annual rates.
2. All civilian workers, seasonally adjusted. Data: U.S. Department of Labor,
Bureau of Labor Statistics
3. Data: University of Michigan's Survey Research Center
U.S. Department of Commerce, Bureau of Economic Analysis

Residential Investment

-

2

0

2

4

6

8

Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis

10

December 1999

SURVEY OF CURRENT BUSINESS

and software each increased somewhat more than
in the second quarter.
Structures decreased 1.5 percent after decreasing 5.3 percent. Mining exploration, shafts, and
wells increased more than in the second quarter, nonresidential buildings decreased less, and
utilities increased slightly after changing little.
In contrast, "other" structures decreased after
increasing.9

The third-quarter increase in nonresidential
fixed investment was larger than the average
increase over the current expansion (8.6 percent), and it occurred despite unfavorable movements in profits, capacity utilization, and interest
rates in recent quarters (chart 5). Over the
past four quarters, domestic corporate profits
increased only 1.8 percent, the capacity utilization rate declined to 80.6 percent from 81.4
percent, and long-term interest rates increased
(for example, the yield on high-grade corporate
bonds increased to 7.32 percent from 6.32 percent). In contrast, real final sales of domestic
product—another factor that affects investment
spending—increased 4.2 percent.
Expenditures for equipment and software
jumped 18.2 percent after increasing 11.2 percent.
The acceleration was accounted for by a sharp acceleration in transportation equipment—mostly
reflecting an acceleration in trucks, buses, and
trailers and an upturn in aircraft—and by a modest acceleration in industrial equipment. "Other"
equipment decreased about as much as in the second quarter, and information processing equipment and software slowed somewhat.8 The slowdown in information processing equipment and
software was accounted for by communication
equipment; computers and peripheral equipment

Residential investment—Real private residential
investment decreased 4.8 percent after increasing 5.5 percent (table 5). The downturn was
accounted for by "other" residential investment,
which turned down, and by single-family structures, which decreased after changing little.10
Multifamily structures changed little after a small
decrease.
"Other" residential investment decreased 2.3
percent after increasing 15.4 percent. The downturn largely reflected a downturn in brokers'
commissions, as sales of new and existing homes
decreased 217,000 units (seasonally adjusted annual rate) in the third quarter after increasing
406,000 units in the second. The decrease
in home sales may have partly reflected an
9. "Other" structures includes streets, dams and reservoirs, sewer and water facilities, parks, airfields, brokerage commissions on the sale of structures,
and net purchases of used structures.
10. "Other" residential investment includes home improvements, new
manufactured home sales, brokers' commissions on home sales, residential equipment, and other residential structures (which consists primarily of
dormitories and fraternity and sorority houses.)

8. "Other" equipment includes construction and agricultural equipment,
mining and oilfield equipment, electrical equipment not included in other
categories, furniture and fixtures, and service-industry machinery.

Table 5.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars

Percent change from preceding
nnortor

Level

Change from preceding quarter
1QQQ

1QQA

Gross orivate domestic fixed investment
Nonresidential
Structures
Nonresidential buildings, including farm
Utilities
Minina exDloration shafts and wells
Other structures
Equipment and software
Information processing equipment and software
Computers and DeriDheral eauiomentl
Software
Other
Industrial eauioment
Transportation equipment
Of which: Motor vehicles
Other
Residential
Single-family structures
Multifamily structures
Other2

1999

1998

III

IV

I

II

III

IV

I

III

II

1,612.7

48.5

33.4

25.1

31.7

13.8

9.1

6.6

8.3

1,241.0
247.5
177.6
38.7
25.4
6.2

40.5
3.6
3.2
.8
-.6
.3

21.9
-3.8
-.8
-.6
-2.0
-2

20.2
-3.4
-5.4
-.1
1.0
1.1

38.1
-1.0
-3.6
.7
2.8
-.9

15.3
5.8
7.3
9.0
* -10.3
18.7

7.8
-5.8
-1.8
-5.7
-30.1
-12.3

7.0
-11.1
-1.5
19.5
100.1

13.3
-1.5
-7.6
7.2
60.2
-44.3

1,001.9
528.5
235.6
153.0
174.8
149.9
207.0
170.1
130.1

37.9
21.1
17.9
5.9
2.6
.2
21.6
18.0
-4.1

27.2
21.9
15.1
3.8
6.9
-3.9
5.0

25.2
30.6
19.5
5.4
10.6
1.6
.8
-3.7

18.6
21.3
52.4
19.0
7.1
.4
63.9
66.3
-11.4

12.5
21.0
38.6
11.7
19.6
-9.9
11.2

2.2
6.0

41.0
27.5
22.7
6.0
6.4
3.3
15.4
14.1
-3.2

19.5

11.2
28.6
46.9
16.1
29.9
4.3
1.6
10.3
-10.4

18.2
23.9
49.9
17.2
16.0
9.4
36.3
41.1
-9.2

374.1
192.2
22.8
159.3

8.4
5.3

11.1

5.1
0
-.4
5.6

12.1
-1.9
8.8

12.9
14.4
48.7
6.1

5.5
-.1

2.2
2.3

-4.7
-3.6
-.1
-.9

9.8

6.5

-.1
3.2

-6.5
15.4

-4.8
-7.1
-2.1
-2.3

1. Includes new computers and peripheral equipment only.
2. "Other" residential investment includes home improvements, new manufactured home sales,
brokers' commissions on home sales, residential equipment, and other residential structures (which
consists primarily of dormitories and fraternity and sorority houses).




1999

3.7

6.0

NOTE.—See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are in NIPA tables 5.5 and 8.9B (motor vehicles). Percent changes
in major aggregates are in NIPA table S.1.

•

5

SURVEY OF CURRENT BUSINESS

6 • December 1999




increase in the commitment rate on 30-year fixedrate mortgages to 7.6 percent from 6.9 percent
(chart 6).
Single-family structures decreased 7.1 percent
after decreasing 0.1 percent, and multifamily
structures decreased 2.1 percent after decreasing
6.5 percent.
Inventory investment
Real inventory investment—that is, the change in
private inventories—increased $19.9 billion in the
third quarter, as inventory accumulation stepped
up to $33.9 billion from $14.0 billion; inventory investment had decreased $36.1 billion in
the second quarter (table 6 and chart 7). The
CHART 5

third-quarter step-up reflected step-ups in the accumulation of wholesale and retail inventories
and a swing from liquidation to accumulation of
manufacturing inventories.
Wholesale trade inventories increased $22.1 billion, about twice as much as in the second
quarter. The step-up reflected inventories of
nondurable goods; inventories of durable goods
increased about as much as in the second quarter.
CHART 6

Selected Interest Rates
Percent
12

10
Prime Rate

X

Selected Factors Affecting Nonresidential
Investment
Mortgage Commitments

Percent

3-Month Treasury B i l l s ' '

80

1996

1997

1998

1999

75
Data: Federal Reserve Board, Federal Home Loan Mortgage Corporation
Billion $
60

U.S. Department of Commerce, Bureau of Economic Analysis
CORPORATE PROFITS, CHANGE FROM

I...I.I....,!

45
30
15
0

ECEDING QUARTER'

CHART 7

-15

Real Private Inventories:
Change from Preceding Quarter

-30

Percent
10

Billion chained (1996)$

REAL FINAL SALES OF DOMESTIC PRODUCT,

60

PERCENT CHANGE FROM PRECEDING QUARTER

5
0

ll.llllllllllll

•••II I

-5
Percent
YIELD ON NEW HIGH-GRADE CORPORATE BONDS

1996

1997

1998

1. All industries. Data: Federal Reserve Board
2.Domestic industries.
3.Data: U.S. Treasury Department

1999
1996

1997

1998

U.S. Department of Commerce, Bureau of Economic Analysis
U.S. Department of Commerce, Bureau of Economic Analysis

1999

Based on Seasonally Adjusted Annual Rates

SURVEY OF CURRENT BUSINESS

Retail trade inventories increased $14.3 billion after increasing $5.9 billion. Inventories of
durable-goods retailers increased $11.0 billion after increasing $4.0 billion; the step-up reflected
inventories of motor vehicle dealers, which increased $8.5 billion after no change. Inventories
of nondurable-goods retailers increased $3.5 billion after increasing $1.9 billion; a downturn in
inventories of apparel stores partly offset upturns
or step-ups in the inventories of most other retail
categories.
Manufacturing inventories increased slightly
after decreasing. Inventories of materials and

December 1999 •

supplies turned up, and inventories of finished
goods increased more than in the second quarter; work-in-process inventories decreased about
as much as in the second quarter. Inventories of durable-goods manufacturers increased
a little after decreasing; the upturn partly reflected a substantial slowdown in the liquidation
of aircraft inventories and swings from liquidation to accumulation of industrial machinery
and of instruments. In contrast, inventories of
electrical machinery increased less than in the
second quarter, and inventories of motor vehicles decreased after increasing. Inventories of

Table 6.—Real Change In Private Inventories
[Billions of chained (1996) dollars; seasonally adjusted at annual rates]
Level
1998

Change from preceding quarter
1999

1998

1999

76.1

70.7

50.1

14.0

33.9

-5.4

-20.6

-36.1

19.9

Farm

-2.1

12.8

7.4

.9

-3.7

14.9

-5.4

-6.5

-4.6

Nonfarm
Manufacturing
Durable goods
Nondurable goc
Wholesale trade ..
Durable goods
Nondurable go<
Retail trade
Durable goods
Of which: Motor vehicle dealers
Nondurable goods
Other
Durable goods
Nondurable goods

77.5
22.2
13.4
8.8
33.8
18.6
15.3
11.0
7.7
4.3
3.3
10.8
1.1
9.7

58.2
12.0
6.8
5.3
17.2
15.5
1.4
15.5
16.0
7.6
-.3
13.6
1.0
12.6

43.1
0
1.8
-1.8
9.5
11.8
-2.4
17.5
9.5
3.1
8.0
15.7
1.7
14.0

13.1
-6.3
-6.6
-1.7
11.1
11.0
.1
5.9
4.0
0
1.9
4.1
-2.0
6.3

37.1
.5
.6
-.1
22.1
11.5
10.6
14.3
11.0
8.5
3.5
0
-1.0
1.1

-19.3
-10.2
-*.6
-3.5
-16.6
-5.1
-13.9
4.5
8.3
3.3
-<3.6
2.8
-.1
2.9

-15.1
-12.0
-5.0
-7.1
-7.7
-3.7
-3.8
2.0
-3.5
-4.5
8.3
2.1
.7
1.4

-00.0
-4.3
-8.4
1.6
-.8
2.5
-11.6
-6.5
-4.1
-6.1
-11.6
-3.7
-7.7

24.0
8.8
7.2
1.6
11.0
.5
10.5
8.4
7.0
8.5
1.6
-4.1
1.0
-5.2

3.6
7.2
-<5.2

16.6
12.9
3.9

6.4
1.7
4.5

2.5
-7.9
9.2

13.2
3.2
9.4

13.0
5.7
7.1

-10.2
-11.2
.6

-3.9
-9.6
4.7

10.7
11.1
.2

Change in private inventories

.

Addenda:
Motor vehicles
Autos
Trucks

.1

NOTE.-See note to table 1 for an explanation of chained (1996) dollar series.

Table 7.—Real Exports and Imports of Goods and Services
Billions of chained (1996) dollars
Level

Percent change from preceding
quarter

Change from preceding quarter
1998

1999

1998

III

IV

I

II

III

1999

IV

Exports of goods and services
Exports of goods 1
Foods, feeds, and beverages
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Other
!.
Exports of servicesl

1,055.2
761.6
59.1
152.5
351.2
74.8
80.0
44.9
294.1

37.8
32.2
6.4
3.3
12.1
6.3
-1.0
5.5
5.9

-14.4
-17.8
-4.9
-5.2
-7.6
-3.4
.5
2.0
2.9

10.0
7.7
3.2
3.0
-1.2
3.5
-.4
-.1
2.3

28.8
27.5
3.0
2.4
22.8
.8
1.1
-1.9
1.9

16.1
19.4
60.3
9.2
15.7
43.1
-5.3
69.2
8.6

-5.5
-3.3
-29.6
-13.1
-3.7
-17.1
2.8
19.2
4.1

4.0
4.3
25.9
8.5
-1.5
21.3
-2.3
-.6
3.2

11.7
15.8
23.6
6.5
30.9
4.5
5.8
-15.9
2.7

imports of goods and services
imports of goods*
Foods, feeds, and beverages
Industrial supplies and materials, except petroleum and products .
Petroleum and products
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Other
Imports of servicesl
.

1,391.9
1,188.8
47.1
159.3
82.8
390.2
184.0
251.5
74.1
204.5

32.1
31.8
.2
-2.2
-5.7
9.3
16.4
1.8
8.0
.7

37.8
32.3
.9
.0
1.4
7.9
9.7
8.4
2.6
5.6

44.5
40.5
2.3
3.4
4.7
23.0
3.0
5.1
1.5
4.3

46.5
46.3
1.1
4.8
-2.5
19.7
10.6
10.7
1.9
.8

10.8
12.8
1.4
-5.7
-24.2
11.8
53.7
3.1
64.6
1.6

12.5
12.6
9.0
.1
7.1
9.6
26.5
15.7
16.5
11.9

14.4
15.5
22.9
9.3
25.5
29.2
7.1
8.9
8.4
8.9

14.6
17.2
9.9
12.9
-11.2
23.1
26.9
18.9
11.2
1.7

1. Exports and imports of certain goods, primarily military equipment purchased and sold by
the Federal Government, are included in services.




NOTE.-See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are in NIPA table 4.4. Percent changes in major aggregates are in
NIPA table S.1.

7

SURVEY OF CURRENT BUSINESS

8 • December 1999




nondurable-goods manufacturers changed little
after a small decrease; an upswing in petroleum
inventories more than offset a downswing in
chemicals.
"Other" nonfarm inventories were unchanged
after increasing."
Farm inventories decreased $3.7 billion after increasing $0.9 billion. Crop inventories decreased
after increasing. Livestock inventories decreased
about as much as in the second quarter.
In the third quarter, the ratio of real nonfarm inventories to real final sales of domestic
businesses decreased to 2.09 from 2.10; over the
current expansion, the ratio has fluctuated in the
range of 2.07 to 2.17. The inventory-sales ratio
11. "Other" nonfarm inventories includes inventories held by the following industries: Mining; construction; public utilities; transportation;
communication; finance, insurance, and real estate; and services.

that includes only final sales of goods and structures decreased from 3.73 to 3.71, its lowest level
in more than 30 years.12
Exports and imports
Real exports of goods and services increased 11.7
percent in the third quarter after increasing 4.0
percent in the second (table 7). Real imports of
goods and services increased 14.6 percent after
increasing 14.4 percent.
12. Use of the ratio that includes all final sales of domestic businesses in
the denominator implies that the production of services results in a demand
for inventories that is similar to that generated in the production of goods
and structures. In contrast, use of the "goods and structures" ratio implies
that the production of services does not generate demand for inventories.
Both implications are extreme. Production of some services may require
substantial inventories, while production of other services may not.

CHART 9
CHART 8

Real Imports

Real Exports
Percent
30

Percent
20

PERCENT CHANGE FROM
PRECEDING QUARTER

PERCENT CHANGE FROM PRECEDING QUARTER

25

16

20
12

15
10

II

1996
1997
1998
1999
Based on Seasonally Adjusted Annual Rates

-10
1996
1997
1998
1999
Based on Seasonally Adjusted Annual Rates

CONTRIBUTIONS TO 14.6-PERCENT INCREASE
IN REAL IMPORTS IN 1999:111

CONTRIBUTIONS TO 11.7-PERCENT INCREASE
IN REAL EXPORTS IN 1999:111

I
Foods, Feeds, and Beverages

Foods, Feeds, and Beverages

•

Industrial Supplies and Materials

Industrial Supplies and Materials, except Petroleum

Petroleum and Products

Capital Goods, except Automotive

•••1

I

Capital Goods, except Automotive

Automotive Vehicles, Engines, and Parts

I

Automotive Vehicles, Engines, and Parts

Consumer Goods, except Automotive
Consumer Goods, except Automotive
Other Goods
Other Goods

Servic
-

2

0
2
4
6
8
Percentage points at a n annual rate
U.S. Department of Commerce. Bureau of Economic Analysis

-

10

2

I0

2

4

6

Services points at a n a n n u a l rate
Percentage
U.S. Department of Commerce, Bureau of Economic Analysts

December

SURVEY OF CURRENT BUSINESS
Real exports of goods increased 15.8 percent
after increasing 4.3 percent (chart 8). The acceleration was more than accounted for by nonautomotive capital goods. Exports of services
increased 2.7 percent after increasing 3.2 percent;
the slowdown primarily reflected a slowdown in
passenger fares and a downturn in "other" private
services.13
Real imports of goods increased 17.2 percent
after increasing 15.5 percent (chart 9). The stepup was more than accounted for by automotive
vehicles, engines, and parts and by nonautomotive consumer goods. In contrast, petroleum and
products turned down. Imports of services increased 1.7 percent after increasing 8.9 percent;
the slowdown was primarily accounted for by a
slowdown in "other" private services and by a
downturn in travel.14

equipment and software was unchanged after increasing, and structures decreased more than in
the second quarter.
Federal nondefense spending decreased 8.1 percent after increasing 10.9 percent. Consumption
CHART 10

Real Government Consumption
and Investment
Percent

Government spending
Real government consumption expenditures and
gross investment increased 4.2 percent in the
third quarter after increasing 1.3 percent in the
second (table 8 and chart 10). Spending by the
Federal Government and by State and local governments both increased more than in the second
quarter.
Federal defense spending increased 11.4 percent after decreasing 2.6 percent. Consumption
spending turned up, largely reflecting upturns for
research and development, for personnel support,
and for installation support. Investment spending decreased slightly after increasing sharply;

-2

1996
1997
1998
1999
Based on Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO 4.2-PERCENT INCREASE IN REAL GOVERNMENT
CONSUMPTION AND INVESTMENT IN 1999:111

National Defense

Nondefense

State and Local

- 2 - 1

13. Exports of "other" private services includes education, financial,
telecommunications, insurance, and medical services.
14. Imports of "other" private services includes education, financial,
telecommunications, and insurance services.

0

1

2

Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis

Table 8.—Real Government Consumption Expenditures and Gross Investment by Type
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Level

Percent change from preceding
quarter

Change from preceding quarter
1998

1999

1998

1999

1999

1,535.4

10.6

18.7

4.9

15.9

2.9

5.1

1.3

4.2

Federal
National defense
Consumption expenditures
Gross investment
Nondefense
Consumption expenditures
Gross investment

539.3
348.5
294.3

-.6
^3.5
-4.1
.7
2.8

2.8
-2.2
-4.6
2.5
5.0

1.7

1.3

1.3

3.8

5.1
9.3
9.4
-.2
-4.1
-2.8
-1.3

3.9
-2.9
-.1
-18.0
17.8
18.8
14.1

-.5
-4.0
-6.4
5.2

41.9

5.0
-2.6
0
-2.6
7.5
6.2
1.2

2.1
-2.6
-%2
20.7
10.9
3.6
45.6

3.9
11.4
13.9
-1.4
-8.1
-7.1
-12.1

State and local
Consumption expenditures .
Gross investment

995.8
804.9
191.0

5.5
5.9
-.4

19.3
6.7
12.8

2.2
6.9
-4.9

10.7
7.6
3.2

2.3
3.1
-.9

8.2
3.4

.9
3.5
-9.7

4.4
3.9
6.9

Government consumption expenditures and gross investment .

NOTE.—See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are in NIPA table 3.8. Percent changes in major aggregates are in
NIPA table S.1.




54.4
190.8
149.3

6.1
4.4
13.9

31.6

10 • December

SURVEY OF CURRENT BUSINESS

expenditures turned down, largely reflecting
a downturn in services; durable goods and
nondurable goods also turned down. Investment spending decreased after a sharp increase,
reflecting a downturn in equipment and software.
State and local government spending increased
4.4 percent after increasing 0.9 percent. The stepup was primarily accounted for by an upturn in
investment in structures.
Table 9.—Revisions to Change in Real Gross Domestic Product and Prices, Third
Quarter 1999
[Seasonally adjusted at annual rates]
Percent change
from preceding
quarter

Advance
estimate

Preliminary

Preliminary estimate minus
advance estimate

Percentage
points

Billions
of
chained
(1996)
dollars

Contribution
to
percent
change
in real
GDP
Percentage
points

4.8

5.5

0.7

15.1

Less: Exports of goods and services .
Goods
Services

12.4
17.0
2.5

11.7
15.8
2.7

-.7
-1.2
.2

-1.7
-2.0
.1

-.7
-.8
.1

Plus: Imports of goods and services
Goods
Services

17.2

20.6
1.4

14.6
17.2
1.7

-2.6
-3.4
.3

-8.3
.1

.32
.32
-.1

5.6

6.1

Gross domestic product

Equals: Gross domestic purchases

9.6
5.8
4.8
1.1

Less: Change in private inventories ....
Farm
Nonfarm

4.9

5.1

4.3
7.1
3.6
4.1

4.6
7.7
3.5
4.5

Private fixed investment
Nonresidential
Structures
Equipment and software ,
Residential

9.0
14.9
-5.0
21.7
-6.3

Government consumption expenditures and gross
investment
Federal
National defense
Nondefense
State and local

Equals: Final sales to domestic purchasers
Personal consumption expenditures
Durable goods
Nondurable goods
Services

Addenda:
Final sales of domestic product
Gross domestic purchases price index .
GDP price index

.22

4.8

.3
.6
-.1
.4

3.7
1.3
-.5
3.0

.19
.5
-.2
.16

8.3
13.3
-1.5
18.2
-4.8

-.7
-1.6
3.5
-3.5
1.5

-2.7
-4.4
2.2
-7.3
1.4

-.11
-.18
.11
-.29
.7

3.3
31
9.9
-7.8
3.4

4.2
3.9
11.4
-8.1
4.4

.9
.8
1.5
-.3
1.0

3.4
1.0
1.2
-.1
2.4

.17
.5
.5
-.1
-.51

5.2
1.6
1.0

5.8
1.7
1.1

10.1

NOTE.—The preliminary estimates for the third quarter of 1999 incorporate the following revised or additional major source data
that were not available when the advance estimates were prepared.
Personal consumption expenditures: Retail sales for August and September (revised), consumers' share of new-car purchases
for September, average unit value for domestic new autos for September (revised), and consumers' share of new-truck purchases
for September.
Nonresidential fixed investment: Construction put in place for July and August (revised) and September, manufacturers' shipments
of machinery and equipment for August (revised) and September, and exports and imports of machinery and equipment for August
(revised) and September.
Residential fixed investment: Construction put in place for July and August (revised) and September.
Change in private inventories: Manufacturing, retail trade, and wholesale trade inventories for July and August (revised) and September.
Exports and imports of goods and services: Exports and imports of goods for August (revised) and September.
Government consumption expenditures and gross investment: Monthly Treasury Statement detailed data for September, Department
of Defense detailed financial report for the quarter, and State and local government construction put in place for July and August
(revised) and September.
Wages and salaries: Employment, average hourly earnings, and average weekly hours for August and September (revised).
GDP prices: Detailed merchandise export and import price indexes for July through September (revised), unit-value index for petroleum imports for August (revised) and September, and housing prices for the third quarter.




Revisions
The 0.7-percentage-point difference between the
preliminary estimate of a 5.5-percent increase in
real GDP in the third quarter and the advance estimate of a 4.8-percent increase is slightly larger
than the average revision of 0.5 percentage point
(without regard to sign) from the advance estimate to the preliminary estimate in 1978-98
(table 9).
As noted earlier, the upward revision was
primarily accounted for by a downward revision to imports and by upward revisions to
private nonfarm inventory investment, to consumer spending for services, and to State and
local government spending; these revisions were
partly offset by an downward revision to private
investment in equipment and software.
The downward revision to imports mainly reflected the incorporation of newly available Census Bureau data on international trade in goods
for September. For the advance estimate, BEA
had assumed that goods imports would increase
about 0.8 percent in September (monthly rate),
but newly available data indicated a decrease of
0.1 percent.
The upward revision to private nonfarm inventory investment was more than accounted for
by an upward revision to merchant wholesale inventories, which reflected the incorporation of
revised Census Bureau data on inventories for
August and newly available data for September.
The upward revision to PCE for services was
primarily to medical care and to brokerage commissions. Medical care reflected the incorporation of data from the Bureau of Labor Statistics
employment cost index, which is one of the
indicators for hospital expenses; brokerage commissions reflected the incorporation of newly
available Security and Exchange Commission
data on exchange volume.
The upward revision to State and local government spending was primarily to investment
in buildings and reflected the incorporation of
revised Census Bureau data on the value of construction put in place for July and August and
newly available data for September.
The downward revision to private investment
in equipment and software was primarily to computers and peripheral equipment and to aircraft.
It reflected the incorporation of revised Census
Bureau data on shipments for July and August
and newly available data on shipments and on
imports of computers for September.

SURVEY OF CURRENT BUSINESS

The preliminary estimates of the increases in
the price indexes for gross domestic purchases
(1.7 percent) and for GDP (1.1 percent) were
0.1 percentage point higher than the advance
estimates.
The preliminary estimate of the increase in real
disposable personal income (DPI) was 2.7 percent,
0.2 percentage point higher than the advance estimate, and that of the increase in current-dollar
DPI was 4.6 percent, 0.1 percentage point higher.
The preliminary estimate of the personal saving
rate was 2.1 percent, the same as the advance
estimate.

Corporate Profits
Profits from current production increased $8.2
billion (or 0.9 percent at a quarterly rate) in the
third quarter after decreasing $6.5 billion (0.7 percent) in the second (table 10).15 Third-quarter
profits were reduced by about $8 billion as a result of Hurricane Floyd, which made landfall in
North Carolina in mid-September; benefits paid
by insurance companies reduced profits by about

December 1999

$6 billion, and uninsured losses reduced profits
by about $2 billion.
Profits of domestic nonfinancial corporations
decreased $2.1 billion (0.4 percent) after increasing $2.2 billion (0.4 percent); unit profits
decreased, reflecting increased unit costs and unchanged unit prices. Profits of domestic financial
corporations increased $0.6 billion (0.4 percent)
after decreasing $7.8 billion (4.2 percent). Profits
from the rest of the world increased $9.8 billion
(9.4 percent) after decreasing $1.0 billion (0.9 percent); payments by U.S. affiliates of earnings to
their foreign parents increased less than in the
second quarter, and receipts of earnings from
foreign affiliates increased more.16
Cash flow from current production, a profitsrelated measure of internally generated funds
available for investment, increased $16.0 billion
after decreasing $6.7 billion.17 The ratio of
cash flow to nonresidential fixed investment, an
indicator of the share of the current level of investment that could be financed by internally
16. Profits from the rest of the world is calculated as (1) receipts by U.S.
residents of earnings from their foreign affiliates plus dividends received by
U.S. residents from unaffiliated foreign corporations minus (2) payments by
U.S. affiliates of earnings to their foreign parents plus dividends paid by U.S.
corporations to unaffiliated foreign residents. These estimates include capital
consumption adjustments (but not inventory valuation adjustments) and are
derived from BEA'S international transactions accounts.
17. Cash flow from current production is undistributed profits with inventory valuation and capital consumption adjustments plus the consumption
of fixed capital.

15. Profits from current production is estimated as the sum of profits before tax, the inventory valuation adjustment, and the capital consumption
adjustment; it is shown in NIPA tables 1.9, 1.14, 1.16, and 6.16c as corporate profits with inventory valuation and capital consumption adjustments.
Percent changes in profits are shown at quarterly, not annual, rates.

Table 10.-Corporate Profits
[Seasonally adjusted]
Percent change (quarterly rate)

Billions of dollars (annual rate)
Change from preceding quarter

Level

1999

1998

1999

1999

1998

III

IV

Profits from current production
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts (inflows)
Payments (outflows)

..

IVA
CCAdj
Profits before tax
Profits tax liability
Profits after tax
Cash flow from current production
Domestic industry profits:
Corporate profits of domestic industries with IVA
Financial
Nonfinancial

.

883.7
770.6
178.0
592.6
113.1
175.9
62.8

-9.5
-21.2
-.7
-20.5
11.7
9.7
-2.0

47.7
41.7
17.2
24.5
6.0
10.2
4.2

-6.5
-5.6
-7.8
2.2
-1.0
7.1
8.1

8.2
-1.5
.6
-2.1
9.8
11.8
2.0

-1.1
-2.8
-.4
-3.5
13.5
7.0
-4.1

5.7
5.7
10.2
4.3
6.1
7.0
8.8

-O.7
-.7
-4.2
.4
-.9
4.5
15.2

0.9
-.2
.4
-.4
9.4
7.2
3.4

-26.5
52.4
857.8
259.1
598.6

1.0
3.0
-13.4
-8.7
-4.8

-7.5
3.7
51.4
12.4
39.1

-26.9
2.6
17.7
6.4
11.3

-12.9
-.8
22.0
4.7
17.2

-1.7
-3.5
-.9

6.7
5.3
7.4

2.2
2.6
2.0

2.6
1.8
3.0

932.7

7.5

39.8

-6.7

16.0

4.5

-.7

1.7

5.5
8.9

-1.1
-3.4

-.1
.9

4.3

-.2

-.5

II

Unit labor cost
Unit nonlabor cost
Unit profits from current production

.9
718.2
200.0
518.2

-24.1
-.9
-23.1

1.012
.650
.246
.116

0
.002
.002
-.005

NOTE.-Levels of these and other profits series are in NIPA tables 1.14,1.16, 6.16C, and 7.15.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment




III

III

38.0
16.7
21.3

-8.2
-7.0
-1.3

-.7
1.7
-2.4

Dollars
Unit price, costs, and profits of nonfinancial
corporations:
Unit price

II

1

IV
I

0.001
.001
-.002
.003

0.003
.002
.001
-.001

0
.001
.002
-.002

-4.4
-5

•

11

12, • December 1999




SURVEY OF CURRENT BUSINESS

generated funds, decreased from 79.3 percent to
78.5 percent, its lowest level since 1990; the ratio's
average level for 1990-98 was 84.9 percent.
Domestic industry profits and related measures.—
Domestic industry profits decreased $0.7 billion
after decreasing $8.2 billion.18 Profits of domestic
nonfinancial corporations decreased $2.4 billion
after decreasing $1.3 billion. Profits of retail trade,
wholesale trade, and manufacturing decreased,
and profits of the transportation and utility group
increased. Profits of domestic financial corporations increased $1.7 billion after decreasing $7.0
billion.
Profits before tax (PBT) increased $22.0 billion
after increasing $17.7 billion. The difference between the $22.0 billion increase in PBT and the
$8.2 billion increase in profits from current production mainly reflected a larger negative level of
the inventory valuation adjustment (IVA). The IVA
removes inventory profits and losses from business income.19 In the third quarter, inventory
profits amounted to $26.5 billion, upfrom$13.6
billion in the second quarter.

Federal

The Federal Government current surplus increased $16.6 billion, to $134.7 billion, in the third
quarter after increasing $20.5 billion in the second. The deceleration was more than accounted
for by an acceleration in current expenditures;
current receipts accelerated slightly.22

Current receipts.—Federal current receipts increased $29.7 billion in the third quarter after
increasing $26.6 billion in the second. The
step-up was attributable to accelerations in contributions for social insurance, personal tax and
nontax receipts, and indirect business tax and
nontax accruals.
Contributions for social insurance increased
$8.2 billion after increasing $6.4 billion. The
acceleration was more than accounted for by contributions for social security (old-age, survivors,
disability, and health insurance), which increased
$7.6 billion after increasing $5.7 billion, reflecting
a step-up in wage and salary disbursements.
Personal tax and nontax receipts increased $15.6
billion after increasing $14.2 billion. Income
taxes increased $15.3 billion after increasing $14.0
billion.
Government Sector
Indirect business tax and nontax accruals increased
$1.9 billion after increasing $0.5 billion.
The combined current surplus of the FedThe
acceleration
was more than attributable to
eral Government and of State and local
an
upturn
in
customs
duties.
governments—the NIPA measure of net saving
These accelerations were partly offset by a deby government—increased $27.3 billion, to $183.0
celeration in corporate profits tax accruals, which
billion, in the third quarter after increasing $9.4
increased $4.1 billion after increasing $5.5 billion
billion in the second (table 11).20 The acceleraas a result of a deceleration in domestic corporate
tion was more than accounted for by an upturn
profits before tax.
in the State and local government current surplus; the Federal Government current surplus
Current expenditures.—Current expenditures indecelerated.21
creased $13.1 billion in the third quarter after
increasing $6.1 billion in the second. The accel18. Domestic industry profits are estimated as the sum of corporate profits
before tax and the inventory valuation adjustment; they are shown in NIPA
eration was more than accounted for by upturns
table 6.16c. Estimates of the capital consumption adjustment do not exist at
in grants-in-aid to State and local governments
a detailed industry level; they are available only for total financial and total
nonfinancial industries.
and in consumption expenditures; these upturns
19. As prices change, companies that value inventory withdrawals at origwere
partly offset by a downturn in "subsidies less
inal acquisition (historical) costs may realize inventory profits or losses.
Inventory profits—a capital-gains-like element in profits—result from an inthe current surplus of government enterprises,"
crease in inventory prices, and inventory losses—a capital-loss-like element in
by a larger decrease in net interest paid, and by
profits—result from a decrease in inventory prices. In the NIPA'S, inventory
profits or losses are removed from business incomes by the IVA; a negative
a deceleration in "transfer payments (net)."
IVA removes inventory profits, and a positive IVA removes inventory losses.
Grants-in-aid to State and local governments
20. Net saving equals gross saving less consumption offixedcapital (CFC);
the estimates of gross saving, CFC, and net saving are shown in NIPA table 5.1.
increased $14.9 billion after decreasing $4.2 bil-

21. The NIPA estimates for the government sector are based on financial
statements for the Federal Government and for State and local governments,
but they differ from them in several respects. See NIPA tables 3.18B on page
10 and 3.19 on page 11 of the October 1998 SURVEY OF CURRENT BUSINESS

for some of the major differences. With the release of the comprehensive
revision released in late October, additional differences were introduced. For
more information about the changes to the NIPA government estimates, see
"Improved Estimates of the National Income and Product Accounts for 195998: Results of the Comprehensive Revision" elsewhere in this issue. New
versions of table 3.18B and 3.19 will be available soon.

22. As a result of the revised treatment of capital transfers that was introduced in the recently released comprehensive revision of the NIPA'S, "receipts"
were renamed "current receipts." For more information about this change
and other changes that affected the Federal Government and State and local
government estimates, see Brent R. Moulton and David F. Sullivan, "A Preview of the 1999 Comprehensive Revision of the National Income and Product
Accounts: New and Redesigned Tables," SURVEY 79 (September 1999): 15-28.

SURVEY OF CURRENT BUSINESS

lion. Grants for medicaid, for welfare and social
services, and for health and hospitals turned up.
Consumption expenditures increased $9.4 billion after decreasing $1.8 billion. The upturn was
more than accounted for by defense expenditures,
which increased $11.5 billion after decreasing $3.8
billion. The upturn in defense expenditures
was mostly accounted for by expenditures for
services, which increased $7.8 billion after decreasing $5.5 billion; expenditures for research
and development, for personnel support services, for installation support services, and for
weapons support services turned up. The upturn in defense expenditures was partly offset by
a downturn in nondefense expenditures, which
decreased $2.1 billion after increasing $2.0 billion.
The downturn was mostly attributable to services, which decreased $1.9 billion after increasing
$1.7 billion. Within services, expenditures for
research and development decreased $1.4 billion
after increasing $2.3 billion.
"Subsidies less the current surplus of government enterprises" decreased $10.4 billion after
increasing $6.9 billion. The downturn was more
than accounted for by agricultural subsidies,
which decreased $10.1 billion after increasing $7.3
billion. In the second quarter, farmers and farm
landlords received $6.5 billion in special payments
under the Omnibus Consolidated and Emergency
Supplemental Appropriations Act of Fiscal Year
1999; there were no significant special payments
in the third quarter.
Net interest paid decreased $5.4 billion after
decreasing $1.2 billion. The larger decrease was
more than accounted for by interest paid to persons and business, which decreased $10.3 billion
after decreasing $1.6 billion.
Transfer payments (net) increased $4.7 billion
after increasing $6.3 billion. The deceleration
was more than accounted for by a downturn in
transfer payments to the rest of the world, which
decreased $0.9 billion after increasing $2.4 billion;
military grants to foreign countries decreased
after increasing.
State and local
The State and local government current surplus
increased $10.7 billion, to $48.3 billion, in the
third quarter after decreasing $11.1 billion in the
second. The upturn was mostly accounted for by
a sharp acceleration in current receipts.
Current receipts.—State and local government
current receipts increased $31.6 billion after increasing $7.0 billion. The acceleration was mostly




December 1999

accounted for by an upturn in Federal grants-inaid, which increased $14.9 billion after decreasing
$4.2 billion, and by an acceleration in personal
tax and nontax receipts.
Personal tax and nontax receipts increased $5.2
billion after increasing $0.4 billion. The acceleration was mostly attributable to an upturn in
income tax receipts, which increased $4.5 billion
after decreasing $0.4 billion. In the second quarter, income taxes were reduced $4.1 billion by
changes in State tax laws and by refunds.
Indirect business tax and nontax accruals increased $10.5 billion after increasing $9.7 billion.
Table 11.—Government Sector Current Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Level

Change from preceding quarter
1998

Current receipts
Current expenditures
Current surplus or deficit(—)
Social insurance funds

1999

2800.8
2617.9

48.5
13.5

44.9
40.4

36.4
4.0

183.0

35.1

4.4

79.7
103.3

4.7
30.4

7.4
-3.0

1882.8

35.9

907.7
222.2
101.9
651.1

23.3
2.7
1.3
8.5

1748.1

37.8
28.4

46.4
19.2

32.4

9.4

27.3

5.7
26.7

3.7
5.7

3.3
24.0

23.0

33.2

26,6

29.7

20.8
-7.3
1.9
7.7

9.8
10.0
-.1
13.4

14.2
5.5
.5

6.4

15.6
4.1
1.9
8.2

19.8

22.8

-4.6

6.1

13.1

474.6

-6.0

312.3
162.3
754.4
746.2
8.3

8.6
.9
7.5
11.1
1.6
9.6
-6.0
-5.3
14.4
14.1
14.6
-.3
0

7.0
1.2
5.9
1.3
13.1
-11.9
5.7
-8.3
-10.3
-8.4
-8.0
1.8
0

-1.8
-3.8
2.0
6.3
3.9
2.4
-4.2
-1.2

9.4
11.5
-2.1
4.7
5.7
-.9
14.9

-6.4

34.1
12.8
5.0
0

1.3
-7.3
6.8
3.9
2.9
19.4
-.4
.1
.4
.7
.3
0

6.9
6.9
7.3

-10.4
-10.3
-10.1

134.7

16.1

.1

37.9

20,5

16.6

78.9
55.9

4.7
11.4

7.7
-7.6

5.9
32.0

3.4
17.1

3.3
13.4

1148.6

32.1

15.8

8.9

7.0

31.6

252.5
36.9

7.0
.5
5.2
0
19.4

3.9
-1.3
19.2

0
-6.0

2.0
2,3
-1.1
0
57

9.7
.2
-4.2

.5
10.5
.3
14.9

Other
Federal Government
Current receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Current expenditures
Consumption expenditures
National defense
Nondefense
Transfer payments (net)
To persons
To the rest of the world
Grants-in-aid to State and local governments
Net interest paid
.
Subsidies less current surplus of government enterprises
Subsidies
a which: Agricultural subsidies
Less: Current surplus of government e
Less: Wage accruals less disbursements
Current surplus or deficit (-)
Social insurance funds
Other

230.6
259.4
29.1

.1

State and local governments
Current receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
Current expenditures
Consumption expenditures
Transfer payments to persons
Net interest paid
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Current surplus or deficit (-)
Social insurance funds
Other

617.3
11.2

230.6
1100.4

.4
1.0

5.2

13.1

11.5

14.3

18.2

21.Q

8.4
2.8
.4
0
0
0
.1
0

10.2
3.4
.8
0
0
0
0
0

16.0
1.7
,3
0
0

18.5
2.3
.2
0

12.2
0

11.1
2.3
0
0
-.3
0
0
0

48.3

19.0

4.3

-5.5

-11.1

10.7

.8
47.5

-.1
19.0

-.2
4.5

-.1
-5.2

.2
-11.4

0
10.7

245.9
-.5
.3
-11.7
.5

0
0
0

14 • December 1999




SURVEY OF CURRENT BUSINESS

The acceleration was mostly attributable to sales
taxes, which increased $6.1 billion in the third
quarter after increasing $5.1 billion.
Corporate profits tax accruals increased $0.5
billion after increasing $1.0 billion, reflecting the
deceleration in domestic corporate profits before
tax.

Consumption expenditures increased $18.5 billion after increasing $16.0 billion. The acceleration was mostly accounted for by compensation, which increased $9.0 billion after increasing
$7.2 billion. The step-up in compensation resulted from an acceleration in State and local
government employment.

Current expenditures.—Current expenditures increased $21.0 billion after increasing $18.2 billion.
The acceleration was mostly attributable to consumption expenditures; transfer payments to
persons also accelerated.

Transfer payments to persons increased $2.3
billion after increasing $1.7 billion. The acceleration resulted from a turnaround in medical
payments made on behalf of indigents and from
a smaller decrease in family assistance. H

SURVEY OF CURRENT BUSINESS

December 1999

Improved Estimates of the National Income and
Product Accounts for 1959-98
Results of the Comprehensive Revision
By Eugene P. Seskin
Contents
28, 1999, the Bureau of EconO
omic Analysis (BEA) released national income and product accounts
estimates
N OCTOBER

Annual Current-Dollar Measures
National income and product
GDP...

18
19
19

Gross domestic income and the statistical discrepancy
19
Product-side components
19
PCE for goods
19
PCE for services
20
Nonresidential structures
21
Equipment and software
22
Residential fixed investment
22
Change in private inventories
22
Net exports of goods and services
22
Government consumption expenditures and gross investment.. 22
Income-side components
23
Compensation of employees
23
Proprietors' income with inventory valuation adjustment (IVA)
and capital consumption adjustment (ccAdj)
24
Rental income of persons with ccAdj
24
Corporate profits with IVA and ccAdj
25
Net interest
25
Nonfactor incomes
26
Consumption of fixed capital (CFC)
26
Personal income and its disposition
26
Government current receipts and expenditures
29
Federal Government
29
State and local government
30
Foreign transactions
30
Gross saving and investment
31
Annual Estimates of Real GDP and Real DPI
Annual changes
Real disposable income (DPI)

32
32
34

Annual Prices

34

Quarterly Real GDP

35

Changes in Methodology
37
New deflator for imputed unpriced services of regulated investment
companies
37
Methodology for quarterly software estimates
37
Current-dollar investment estimates
37
Purchased software
37
Own-account software
38
Price estimates
38
Prepackaged software
38
Custom software
38
Business own-account software
38
Government own-account software
39
Consumption of fixed capital (CFC) and business incomes
39




(NIPA'S)

beginning with 1959 that reflected the 11th comprehensive revision of the accounts. These estimates incorporate a number of major definitional
and statistical improvements that are designed to
better measure the evolving U.S. economy.
The major improvements that were introduced
in this comprehensive revision were described
in previous articles in the SURVEY OF CURRENT
BUSINESS. The definitional and classificational
changes, which were described in an article in
the August issue, included the following: Recognition of business and government expenditures
for software, including own-account production
of software, as investment; reclassification of government employee retirement plans; modified
treatment of private noninsured pension plans;
reclassification of certain transactions as capital
transfers; and redefinition of the value of imputed
services of regulated investment companies.1
The statistical changes, which were described
in an article in the October issue, included the
following: Incorporation of the 1992 benchmark input-output accounts and the preliminary
results of the 1996 annual update of those accounts; improved estimates of the real value of
unpriced banking services; and incorporation of
geometric-mean-type consumer price indexes.2
In addition, the presentational changes that
were made to the NIPA tables to reflect the definitional, classificational, and statistical changes
were described in an article in the September
issue.3 The November issue included a slightly
1. Brent R. Moulton, Robert P. Parker, and Eugene P. Seskin, "A Preview
of the 1999 Comprehensive Revision of the National Income and Product
Accounts: Definitional and Classificational Changes," SURVEY OF CURRENT
BUSINESS 79 (August 1999): 7-20.
2. Brent R. Moulton and Eugene P. Seskin, "A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts: Statistical
Changes," SURVEY 79 (October 1999): 6-17.
3. Brent R. Moulton and David F. Sullivan, "A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts: New and
Redesigned Tables," SURVEY 79 (September 1999): 15-28.

l6

• December 1999

SURVEY OF CURRENT BUSINESS

expanded version of the October 28, 1999, news
release that presented the revised estimates for
the first time.
This article builds on the previous ones and
presents a discussion of the major sources of
the revisions—that is, the extent to which they
are attributable to the various definitional and
statistical changes—for each of the major NIPA
aggregates and components beginning with 1959.
The most important differences between the revised and the previously published estimates for
1959-98 are the following:
• Current-dollar gross domestic product (GDP)
was revised up for all years; for 1998, GDP
is revised up $248.9 billion to $8,759.9 billion. The upward revisions were primarily
accounted for by the definitional change that
recognized software as investment.
® The revised estimates of real GDP show an
average annual growth rate of 3.4 percent,

0.2 percentage point higher than that shown
in the previously published estimates. The
upward revision to real GDP growth was primarily attributable to statistical changes to
prices and to the recognition of software as
investment.
The upward revisions to the growth of real
GDP were concentrated in the period since
1977. For 1959-77, the average annual growth
rate was 3.7 percent, the same as in the previously published estimates. For 1977-92, the
growth rate of real GDP was revised up 0.3
percentage point to 2.9 percent, and for 199298, it was revised up 0.4 percentage point to
3.6 percent (table 1).
For business cycles as measured by turning
points in quarterly real GDP, there were no
changes in the timing of cyclical peaks and
troughs, but there were revisions to the pace
of contractions and expansions. For contrac-

Acknowledgments
Brent R. Moulton, Associate Director for National Income, Expenditures, and Wealth Accounts, supervised the preparation of
this comprehensive revision of the national income and product accounts. Karl D. Galbraith, Chief of the Government Division, and
Ralph H. Kozlow, Chief of the National Income and Wealth Division, directed major parts of the revision. Robert P. Parker, Chief
Statistician, provided technical guidance. Shelby W. Herman and
Kali K. Kong—together with Willie J. Abney, Jennifer A. Bennett,
Arnold J. Katz, Kurt Kunze, Leonard J. Loebach, Karin E. Moses,
Thae S. Park, Claire G. Pitzer, and David F. Sullivan—coordinated
and conducted the estimate review process.
Eugene P. Seskin wrote the article describing the revision. Kali K.
Kong and Karin E. Moses prepared the tables for the article. Duane
G. Hackmann, Sherman J. Hammack, Karl V. Rohrer and Teresa L.
Weadock prepared analyses and other review materials for both the
article and the news release. Mary Carol Barron, Michael J. Boehm,
Sherman J. Hammack, John Sporing, Jr., and Mary D. Young were
responsible for developing and operating the computer systems used
to compile, check, analyze, and report the final estimates. David
F. Sullivan coordinated the presentational improvements and table
changes.
Other BEA staff who made significant contributions to the revision
are listed below.
Personal consumption expenditures—Clinton P. McCully, Goods—
M. Greg Key, Robert N. Ganz, Everette P. Johnson, James J. Raley
in, Shirley D. Tisdale. Services—Aaron C. Catlin, Thea C. Graham,
Myung G. Han.
Investment and Foreign transactions—Carol E. Moylan, Leonard J.
Loebach, Randall T. Matsunaga. Inventories—Debra M. Blagburn,
Jennifer A. Ribarsky. Structures—Wharton H. Berger, Velma P.
Henry. Foreign transactions, equipment, software, and prices—David
B. Wasshausen, Jeffrey W. Crawford, Nadia F.P. Sadee, Nicole M.
Spugnardi, Reed M. Wirick.
Federal Government transactions—Pamela A. Kelly, Laura M.
Beall, Peter G. Beall, Kurt S. Bersani, James E. Boucher, Ann M.




Groszkiewicz, Doris N. Johnson, Sean P. Keehan, Raymen G. LaBella, Claire G. Pitzer, Michael D. Randall, Michelle D. Robinson,
Mary L. Roy, Shelly Smith, Benyam Tsehaye, Andrew E. Vargo.
State and local government—Bruce E. Baker, Steven J. Andrews, W.
Robert Armstrong, Joanne Buenzli, Florence H. Campi, Benjamin
D. Cowan, Janet H. Kmitch, Donald L. Peters.
Chain-type quantity and price measures—Christian Ehemann,
Michael J. Boehm, Sherman Hammack, Karl V. Rohrer.
Income—Carol E. Moylan.
Personal income—Paul R. Lally, Thae S. Park, Toui C.
Pomsouvan.
Employee compensation—Paul R. Lally, Molly B. Knight. Wages
and salaries—Brian V. Moran, James. E. Rankin. Other labor
income—Monisha Primlani, Garth K. Trinkl, Ernest D. Wilcox.
Business income—Kenneth A. Petrick. Corporate profits—Debora
A. Fisher, Jerry L. Stone. Nonfarm proprietors' income—Willie J.
Abney.
Property income—George M. Smith. Farm output and income—
Fred G. Kappler. Interest income—Mary Kate Schuster. Rental
income of persons and housing output—Denise A. McBride, Shaunda
M. Villones.
Consumption of fixed capital—Shelby W. Herman. Private—
Phyllistine M. Barnes, Michael D. Glenn, Kurt Kunze, Dennis R.
Weikel. Government—D. Timothy Dobbs, Jennifer A. Bennett,
Charles S. Robinson.
NIPA information—Marilyn E. Baker, Phyllistine M. Barnes,
Virginia H. Mannering, Teresa L. Weadock.
Secretarial—Esther M. Carter, Katherine Dent, Angela P. Pointer,
Angela M. Tucker, Dorothy A. Wilson.
Other contributions to definitional, classificational, and statistical
improvements were made by Robert L. Brown, Barbara M. Fraumeni, Bruce T. Grimm, Robert J. McCahill, Lisa C. Ninomiya, Mark
A. Planting, and Robert E. Yuskavage.

SURVEY OF CURRENT BUSINESS
tions, the largest revision was for the most
recent one, which began in the second quarter of 1990 and ended in the first quarter of
1991; the average quarterly percent change (at
annual rates) is now -1.8 percent, compared
with -2.7 percent in the previously published
estimates.
• For the current expansion, which began in
the first quarter of 1991, the average quarterly
percent change through the second quarter of 1999 is now 3.5 percent, compared
with 3.1 percent in the previously published
estimates.
• For gross domestic purchases prices, the
revised estimates show an average annual
growth rate of 4.1 percent, 0.1 percentage
point lower than the previously published
estimates. The revisions to prices primarily reflected statistical changes, including the
incorporation of newly available geometricmean-type consumer price indexes back to
1978, a new implicit price for unpaid banking
services, and the calculation of prices for national defense consumption and investment
at a more detailed level than in the previously
published estimates.

December 1999

• The revised estimates of real disposable personal income (DPI) show an average annual
growth rate of 3.5 percent, 0.2 percentage
point higher than in the previously published estimates. The upward revision was
largely accounted for by the definitional
changes to government employee retirement
plans and to capital transfers and by statistical changes to the prices for personal
consumption expenditures.
• For the personal saving rate, the revised
estimates are substantially higher than the
previously published estimates; however, the
rate continues to show a two-decade downtrend. For 1982-98, the personal saving rate
now declines from 10.9 percent to 3.7 percent,
compared with the previous decline from 9.0
percent to 0.5 percent (table 2). The higher
rate is primarily attributable to definitional
changes, particularly the reclassification of
government employee retirement plans.
• For the national saving rate, the revised estimates for 1988-98 are considerably higher
than the previously published estimates.
During this period, the upward revisions
Table 2.—Personal and National Saving Rates
[Percent]

[Percent change from preceding period]
Year
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973 .......
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998




Previously
published
2.4
2.3
6.1
4.3
5.8
6.4
6.5
2.5
4.7
3.0
.1
3.3
5.5
5.8
-.6
-.4
5.4
4.7
5.4
2.8
-.3
2.3
-2.1
4.0
7.0
3.6
3.1
2.9
3.8
3.4
1.2
-.9
2.7
2.3
3.5
2.3
3.4
3.9
3.9

Year

Revised
2.5
2.3
6.0
4.3
5.8
6.4
6.6
2.5
4.8
3.1
.2
3.1
5.3
5.7
-.3
-.3
5.2
4.5
5.7
3.4
0
2.5
-1.9
4.2
7.3
3.9
3.4
3.5
4.2
3.5
1.7
-.2
3.3
2.4
4.0
2.7
3.7
4.5
4.3

National saving rate

Personal saving rate

Table 1.™Real Gross Domestic Product

Previously
published

Revision
0.1
0
-.1
0
0
0
.1
0
.1
.1
.1
-.2
-.2
-.1
.3
.1
-.2
-.2
.3
.6
.3
.2
.2
.2
.3
.3
.3
.6
.4
.1
.5
.7
.6
.1
.5
.4
.3
.6
.4

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998

....
.. ..
.... M mm>t
.... .. ..
.... ^ M ti
.... .. ..
.... -# ..
.... .. ..

. .
..

..

72
6.6
7.7
7.6
7.0
7.9
7.8
7.5
8.7
7.7
7.2
8.5
8.8
7.6
9.5
9.5
9.3
7.9
69
7.5
7.7
8.5
94
9.0
67
8.6
6.9
5.9
5.0
5.4
5.0
51
5.6
5.7
4.4
3.5
3.4
2.9
2.1
.5

Revised
76
7.2
8.3
8.3
7.8
8.8
8.6
8.3
9.4
8.4
7.8
9.4
10.0
8.9
10.5
10.7
10.6
9.4
87
9.0
9.2
10.2
10.8
10^9
88
10.6
9.2
8.2
73
7.8
7.5
78
8.3
8.7
7.1
6.1
5.6
4.8
4.5
3.7

Revision
04
.6
.6
.7
.8
.9
.8
.8
.7
.7
.6
.9
1.2
1.3
1.0
1.2
1.3
1.5
1.8
1.5
1.5
1.7
1.4
13
21
2.0
2.3
2.3
23
2.4
2.5
27
2.7
3.0
2.7
2.6
2.2
1.9
2.4
3.2

Previously
published
213
21.4
21.2
21.5
21.7
21.7
22.1
21.6
20.7
20.2
20.5
18.9
18.9
19.6
21.2
19.9
18.1
18.5
193
20.6
20.9
19.4
20.7
18^5
166
19.1
17.7
16.2
16 6
17.3
16.6
15.7
15.7
14.5
14.4
15.5
16.3
16.6
17.4
17.3

Revised
207
20.9
20.7
21.1
21.3
21.4
21.8
21.3
20.4
20.0
20.1
18.6
18.6
19.3
21.1
20.0
18.1
18.6
194
20.8
21.0
19.6
20.7
19^0
170
19.4
18.2
16.5
17.0
18.3
17.6
168
16.9
15.9
15.6
16.3
16.9
17.2
18.3
18.8

Revision
-06
-.5
-.5
-.4
-.4
-.3
-.3
_2
-!3
-.2
-.4
-.3
-.3
-.3
-.1
.1
0
.1
1
.2
.1
.2
0
.5
4
!3
.5
.3
4
1.0
1.0
11
1.2
1.4
1.2
.8
.6
.6
.9
1.5

•

1J

18 • December 1999




SURVEY OF CURRENT BUSINESS

averaged 1.0 percentage point. The higher
rate is primarily attributable to definitional changes, particularly the recognition
of software as investment.
Early next year, BEA will release revised NIPA
estimates for 1929-58 that reflect this comprehensive revision. (For information on the availability
of the revised estimates, see the box below.)
The first section of this article discusses the
annual current-dollar estimates, and the second
section discusses the annual estimates of real GDP.
The third section discusses the annual price estimates, and the fourth discusses the quarterly
estimates of real GDP. The fifth section discusses
changes in methodology.

profits, reflecting the modified treatment of noninsured pension plans. Other sizable revisions
within national income included upward revisions to nonfarm proprietors' income, beginning
with 1988, and downward revisions to wage and
salary accruals for 1996 and 1997 and a large upward revision for 1998. (For further details on
these revisions, see the corresponding sections
below.)
For personal income, the upward revisions
primarily reflected the reclassification of government employee retirement plans (see the section
"Personal income and its disposition"). This
reclassification raised personal income, but it
had no effect on national income, because employer contributions were added to other labor
income (a component of both national income

Annual Current-Dollar Estimates
For 1959-98, GDP was revised up for all years, national income was revised down for most years,
and personal income was revised up for most
years (table 3 and appendix A). Prior to 1995,
the revisions to GDP were largely accounted for
by the definitional change that recognized software as investment; excluding the definitional
and classificational changes, the revisions to GDP
were small. Beginning with 1995, the revisions
grew as a result of statistical changes that affected personal consumption expenditures (PCE),
nonresidential structures, and State and local
government consumption expenditures and gross
investment.
For national income, the revisions largely resulted from downward revisions to rental income
of persons that reflected an improved methodology for estimating the income of persons from
the rental of nonfarm nonresidential properties.
Downward revisions to net interest were offset
in most years by upward revisions to corporate

Table 3.—Revisions to Gross Domestic Product, National
Income, and Personal Income
1959

1982

1987

1992

1996

1997

1998

Billions of dollars
Gross domestic
product
Definitional
Statistical

0.2
-.1
.3

17.1
19.9
-2.8

50.2
44.1
6.0

74.5
78.3
^3.8

151.6
123.7
27.9

189.9
140.9
49.0

248.9
169.0
80.0

National income
Definitional
Statistical

-2.4
-.2
-2.2

1.1
.4
.7

-11.0
4.9
-15.9

3.3
8.3
-5.0

-45.8
20.3
-66.1

-11.6
26.0
-37.6

41.7
39.3
2.4

Definitional
Statistical

-.4
2.4
-2.8

44.3
49.7
-5.4

84.7
92.2
-7.5

134.7
97.1
37.6

122.2
114.2
8.0

167.1
117.5
49.6

232.8
123.4
109.4

Revision as a percentage of previously published
Gross domestic
product
Definitional
Statistical

0
0
0

0.5
.6
-.1

1.1
1.0
.1

12
13
1

2.0
1.6
.4

2.3
1.7
.6

2.9
2.0
.9

National income
Definitional
Statistical

-.6
-.1
-.6

0
0
0

-.3
.1
-.4

1
3
2

-.7
.3
-1.0

-.2
.4
-.6

0

Personal income
Definitional
Statistical

-.1
.6
-.7

1.6
1.8
-.2

2.2
2.4
-.2

2.6
1.9
.7

1.9
1.8
.1

2.5
1.8
.7

3.3
1.7
1.6

.6
.6

Availability of Revised Estimates and Related Information
The estimates shown in the NIPA tables beginning on
page 44, along with estimates for earlier periods (for most
tables, back to 1959), are available on the BEA Web site
at <www.bea.doc.gov> and on the STAT-USA Web site at
<www.stat-usa.gov>.
The following issues of the SURVEY OF CURRENT

BUSINESS contain information about the comprehensive
revision:
• August 1999: Definitional and classificational
changes
• September 1999: New and redesigned tables
• October 1999: Statistical changes

• November 1999: Reprint of the October 28, 1999,
GDP news release
Other information related to the NIPA estimates will
be released as work is completed. The listing below provides approximate schedules for the release of most of
the remaining estimates.
January 2000: Real inventories, sales, and inventorysales ratios for manufacturing and trade, 1977-98
March 2000: Fixed assets and consumer durable goods
(fixed reproducible tangible wealth), 1925-98
March 2000: Revised NIPA estimates, 1929-58
May 2000: Gross product by industry, 1947-98

SURVEY OF CURRENT BUSINESS
and personal income) and were subtracted from
employer contributions for social insurance (only
a component of national income).
The remainder of this section provides additional detail on GDP, national income, other NIPA
aggregates, and their major components. Appendix B shows the revisions to the components
of the five summary accounts of the NIPA'S for
1959 and for 1987-98.

December 1999

sign) 0.6 percent of GDP, 0.1 percentage point
larger than in the previously published estimates.
For 1992-98, in the revised estimates, currentdollar GDP increases at an average annual rate
of 5.6 percent, 0.2 percentage point less than
the increase in GDI. In the previously published
estimates, this difference was 0.3 percentage
point.
Product-side components

National income and product
GDP.—GDP in current dollars was revised up
for all years; the average annual growth rate
for 1959-98, at 7.6 percent, was revised up 0.1
percentage point from the previously published
estimate. Expressed as a percentage of the level of
GDP, the revisions generally increased over time:
The revision was less than 0.1 percent of GDP
for 1959, but it was 1.2 percent for 1992 and 2.9
percent for 1998. The revisions due to the definitional changes ranged from zero for 1959 to 2.0
percent for 1998. The revisions due to the statistical changes ranged from -0.1 percent for both
1982 and 1992 to 0.9 percent for 1998.
Gross domestic income (GDI) and the statistical
discrepancy.—GDI was revised up for all years beginning with 1976. The revisions as a percentage
of the level of GDI generally increased over time,
peaking at 2.6 percent for 1998. Prior to 1994,
the revisions to GDI for most years were similar
to those for GDP; the revisions to both mainly
reflected the definitional change that recognized
software as investment. Within GDI, these revisions primarily affected the consumption of fixed
capital. Beginning with 1994, the upward revisions to both GDP and GDI continued to be
accounted for mainly by the definitional change
for software, but because of statistical changes,
the size of the revisions to GDP differed from that
to GDI.
The differences between the revisions to GDP
and those to GDI are shown as revisions to the
statistical discrepancy.4 These revisions result almost entirely from statistical changes, because
definitional and classificational changes generally result in identical revisions to, or offsetting
revisions within, GDP and GDI.
For 1959-98, the revised estimates of the statistical discrepancy averaged (without regard to
4. The statistical discrepancy, which measures the difference between GDP
and GDI, arises because GDP and GDI are estimated using largely independent
source data. See the box "The Statistical Discrepancy" in Robert P. Parker
and Eugene P. Seskin, "Annual Revision of the National Income and Product
Accounts," SURVEY 77 (August 1997): 19.




PCE for goods.—PCE for goods was revised up for
1975-88, down for 1989-94, and up for 1995-98
(table 4). For 1988-92, the revisions reflected the
incorporation of the results of the 1992 inputoutput (1-0) accounts.5 Beginning with 1993, the
revisions reflected the extrapolation of the 1992
1-0 account estimates, using revised retail sales
data benchmarked to preliminary estimates from
the 1997 Census of Retail Trade.6 In addition,
beginning with 1993, the commodity distribution for most goods was affected by incorporating
the results of the 1996 annual update of the 1-0
accounts.7
PCE for durable goods was revised up for
1977-87 and down for 1988-98. For 1977-87,
the revisions were to furniture and household
5. The 1992 1-0 estimates were used for the benchmarking of PCE, except
for the definitional and statistical changes developed after completion of the
1-0 accounts. See Ann M. Lawson, "Benchmark Input-Output Accounts for
the U.S. Economy, 1992," SURVEY 77 (November 1997): 36-82.
6. The extrapolation used the retail-control method; see "Updated
Summary NIPA Methodologies," SURVEY 78 (September 1998): 15.
7. See Moulton and Seskin, "Statistical Changes," 9.

Table 4.—Revisions to Personal Consumption Expenditures
[Billions of dollars]

1959 1982 1987 1992

2.5 10.8 -10.1

Total revision
Definitional
Government employee
retirement plans
Imputed services of
regulated investment
companies
Other
Statistical

2.4

7.9

21.8 30.7 40.7
7.5 14.8 19.5 29.1

1.4

2.4

3.6

-.1
0
0

4.1 1.7
1.4 2.2
2.9 -17.6

Source of revision by
component
Durable goods
Definitional
Statistical
Nondurable goods
Definitional
Statistical
Services
Definitional
Government employee
retirement plans ....
Imputed services of
regulated
investment
companies
Other
Statistical

1997 1998

.8
1.6
1.4

-.1
0
.1

6.4

7.5

5.4 8.8 17.1
3.0 3.2 3.4
7.0 11.2 11.6

3.0 -17.7 -26.8 -30.1
0
0
0
0
3.0 -17.7 -26.8 -30.1
1.3 1.1 34.9 41.1
1.3 2.0 2.6 2.7
0
-.9 32.3 38.4
6.5 6.5 13.8 19.7
6.6 5.5 12.2 16.8
2.4 3.6 6.4 7.5
4.1
.1
-.1

5.4
.4
1.6

-26.5
0
-26.5
46.5
2.8
43.7
20.7
26.3
8.6

8.8 17.1
.6
.5
2.9 -5.6

•

19

20

• December 1999




SURVEY OF CURRENT BUSINESS

equipment and reflected the addition of royalty
payments to the estimates of expenditures for
records, tapes, and disks.8 The downward revisions beginning with 1988 primarily reflected
downward revisions to expenditures for furniture and household equipment and for motor
vehicles and parts. The revisions to furniture
and household equipment were mostly to video
and audio equipment and to "other" durable
house furnishings. The revisions to motor vehicles and parts were mostly to new autos and
reflected an improved methodology for estimating expenditures for new autos that had been
introduced in the 1992 1-0 estimates. Beginning with 1993, the revised estimates for motor
vehicles and parts also reflected a new method
for calculating net transactions of used vehicles
that incorporated modified retention periods and
rates for business-owned vehicles that depended
on whether the vehicles were owned, rented, or
leased.9
PCE for nondurable goods was revised up for all
years beginning with 1975. Prior to 1993, the revisions were small, but there were sizable offsetting
revisions to some of the subcategories. Revisions through 1987 reflected the reclassification of
the food-cost portion of the Special Supplemental Nutrition Program for Women, Infants, and
Children (see also the section "Government consumption expenditures and gross investment*');
this reclassification also affected subsequent years.
For 1988-92, the revisions to PCE for nondurable
goods were small and primarily reflected benchmarking to the 1992 1-0 estimates; there were
some sizable offsetting revisions to subcategories.
In particular, food expenditures were revised up.
Within food, increasingly large upward revisions
to "purchased meals and beverages" reflected an
improved allocation of receipts for this category
between purchases by persons and purchases by
business and by government and also reflected
improved estimates of the misreporting adjustments for these receipts. Beginning with 1993,
nondurable goods was revised up by increasingly
large amounts that reached $46.5 billion for 1998.
The revisions were primarily accounted for by
food; increasingly large upward revisions to purchased meals and beverages were partly offset
8. PCE estimates for this category are benchmarked to 1-0 values, which
are prepared using the commodity-flow method in which these estimates
are calculated by adjusting the value of manufacturers' shipments of records,
tapes, and disks for exports and imports, trade and transportation margins,
and taxes. Because royalty payments are not directly reported in the source
data used for these series, previous 1-0 estimates did not reflect the full market
value of these expenditures.
9. See Moulton and Seskin, "Statistical Changes," 10-11.

by downward revisions to food purchased for
off-premise consumption.
Beginning with 1988, clothing and shoes expenditures were revised down; the revisions were
primarily to women's and children's clothing and
accessories. "Other" nondurable goods was revised down for 1988-93 and up for 1994-98.
This pattern reflected the relative magnitudes
of offsetting revisions to subcategories: Downward revisions to expenditures for tobacco products, for toilet articles and preparations, and for
"cleaning and polishing preparations, and miscellaneous household supplies and paper products"
and upward revisions to expenditures for drug
preparations and sundries.
PCE for services.—Beginning with 1973, PCE for
services was revised up for all years except for
1986. For most years, the revisions largely reflected definitional changes that affected personal
business services. In addition, there were a
number of sizable offsetting revisions, reflecting benchmarking to the 1992 1-0 estimates and
the incorporation of newly available and revised
source data.
Beginning with 1992, there were sizable downward revisions to housing services, particularly
to the imputed space rent for owner-occupied
nonfarm dwellings and to rental payments for
tenant-occupied dwellings. For owner-occupied
nonfarm dwellings, the revisions reflected revised estimates of the effect on space rent per
unit of revised estimates of changes in the quality of the owner-occupied housing stock.10 For
tenant-occupied nonfarm, permanent-site housing, the revisions reflected revised expenditures
for household utilities; this item is used to
remove utility charges, which are recorded separately in household operation services, from
estimates of mean gross rent based on the Census
Bureau's American Housing Survey (AHS). For
1996-98, revisions to both owner- and tenantoccupied nonfarm space rent also reflected newly
available 1997 AHS data on mean gross rent and
the number of tenant-occupied units.
For all years, especially for 1996-98, the upward
revisions to household operation services, particularly to electricity services, reflected the addition
of commodity taxes to the reported source data.11
10. Imputed space rent for owner-occupied nonfarm dwellings is space
rent per unit times the number of units. Space rent per unit equals net
contract rent less consumption of fixed capital on major appliances and furnishings. Net contract rent per unit is interpolated between, and extrapolated
from, benchmark values, using the change in the consumer price index for
owners' equivalent rent of primary residence with a judgmental adjustment
for changes in the quality of housing.
11. For additional details, see Moulton and Seskin, "Statistical Changes,"

December 1999

SURVEY OF CURRENT BUSINESS
For 1998, the revision to electricity services also
reflected the incorporation of data from the Energy Information Administration on residential
electricity sales revenue.
Beginning with 1988, transportation services—
particularly motor vehicle "repair, greasing,
washing, parking, storage, rental, and leasing"
services—were revised down; these revisions reflected the incorporation of the 19921-0 accounts,
of newly available data on motor vehicle rental
and leasing from the Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys for
1996 and 1997, of revised Census Bureau Service
Annual Survey (SAS) data for 1993-97, and of preliminary SAS data for 1998. Airline services were
also revised down beginning with 1988, reflecting
the incorporation of the 1992 1-0 estimates.
Beginning with 1989, there were sizable upward
revisions to medical care services, particularly to
other professional medical services, reflecting the
incorporation of the 1992 1-0 accounts, revised
SAS data for 1993-97, and preliminary SAS data
for 1998.12 In addition, there were sizable upward
revisions to hospitals for 1996-98, particularly to
government hospitals; the revisions were based
on final fiscal year 1997 and preliminary 1998
Census Bureau data on State and local governments receipts and expenditures. Beginning with
1993, these upward revisions were partly offset by
downward revisions to nursing homes, reflecting
the incorporation of revised SAS data for 1993-97
and preliminary SAS data for 1998.
Beginning with 1988, recreational services, particularly "commercial participant amusements,"
were revised up, reflecting the incorporation
of the 1992 1-0 accounts, revised SAS data for
1993-97, and preliminary SAS data for 1998.
Beginning with 1991, there were upward revisions to "other services"; prior to 1991, the
revisions tended to be smaller and occasionally
downward. The revisions primarily reflected revisions to personal business services—mainly to
"services furnished without payment by financial
intermediaries except life insurance carriers"—as
a result of the redefinition of the value of imputed
services of regulated investment companies and
revisions to "expense for handling life insurance"
as a result of the reclassification of government
employee retirement plans. In addition, for most
years, there were relatively small upward revisions
to education and research, reflecting the incorporation of estimates of the expenses of private
elementary and secondary schools from the Na12. SAS data, unlike retail sales data, have not been benchmarked to the
1997 economic censuses data.




tional Center for Education Statistics. Beginning
with 1978, there were downward revisions to religious and welfare activities that tended to become
larger over time, reflecting the removal of program service grants, specific assistance to (or for)
members, and benefits paid to individuals from
the operating expenses of social welfare organizations and of museums and libraries in the 1982,
1987, and 1992 Censuses of Services Industries.13
Beginning with 1988, there were upward revisions to net foreign travel that tended to become
larger over time, reflecting the incorporation of
the 1992 1-0 estimates of ocean passenger fares
that were based on data from the 1992 Census of
Transportation, Communications, and Utilities.
Nonresidential structures.—In private fixed investment, nonresidential structures was revised up
beginning with 1988 (table 5). The largest revisions were to utilities, to mining exploration,
shafts, and wells and for 1997 and 1998, to nonresidential buildings. The revisions to utilities
reflected the incorporation of 1992 1-0 estimates
and revised Census Bureau data on the value of
construction put in place for electric light and
power and for gas structures. The revisions to
"mining" reflected the incorporation of 1992 1-0
estimates, data from the joint association survey on drilling costs for 1997, and data from
the American Petroleum Institute on petroleum
drilling beginning with 1996. The revisions to
nonresidential buildings reflected the incorporation of revised Census Bureau data on the value
of construction put in place.

13. An analysis of reporting instructions for tax-exempt organizations
revealed that amounts of gifts and grants were reported as expenses; subsequently, these amounts were removed in the 1992 1-0 estimates because
these payments are not classified as expenses of nonprofit organizations in
the NIPA'S.

Table 5.—Revisions to Gross Private Domestic Investment
[Billions of dollars]

Total revision
Definitional
Software .
Statistical ..

1959

1982

1987

1992

1996

1997

1998

-4.3

15.0

34.3

76.2

110.8

127.7

164.1

0
0
-.3

15.4
15.4
-.4

31.4
31.4
2.9

60.8
60.8
15.4

95.1
95.1
15.7

106.6
106.6
21.1

123.4
123.4
40.7

0
0
0

15.4
15.4
0

31.4
31.3
0

68.2
68.2
3.0

112.9
111.5
8.1

126.8
125.4
13.9

152.2
153.1
25.9

.1
0

15.4
0

31.4
0

65.2
-.1

103.4
1.5

111.6
1.3

127.2
-.9

-.3
0
-.2

-.4
0
-.5

2.9
0
2.9

8.0
0
8.1

-2.1
.3
-2.4

J
-1.5
2.5

11.9
-6.4
18.2

Source of revision by
component
Private fixed investment
Nonresidential
Structures
Equipment and
software
Residential
Change in private
inventories
Farm
Nonfarm

•

21




SURVEY OF CURRENT BUSINESS

14. The IVA is not needed for farm inventories, because they are measured
on a current-market-price basis.

net exports of goods and services begin with 1986
and were relatively small (table 6). The revisions
were primarily to exports and imports of services
and reflected revised estimates from BEA'S international transactions accounts (ITA'S) that were
not previously incorporated into the NIPA'S.16
Government consumption expenditures and gross
investment.—Government consumption expenditures and gross investment (hereafter referred
to as government consumption and investment)
was revised up for all years except for 1974-82
(table 7). This pattern of revisions generally follows that for Federal Government consumption
and investment, which was revised up for all years
except for 1973-83. The revisions to State and
15. See Moulton and Seskin, "Statistical Changes," 10.
16. The annual revisions of the ITA'S are usually published in the July issue
of the SURVEY, mostly recently in Christopher L. Bach, "U.S. International
Transactions, Revised Estimates for 1982-98," SURVEY 79 (July 1999): 60-74.

Table 6.—Revisions to Net Exports of Goods and Services
[Billions of dollars]
1959 1982 1987 1992 1996 1997 1998
Total revision
Definitional
Statistical
Source of revision by
component
Exports of goods and
services
Goods
Services
Imports of goods and
services
Goods
Services

0

-0.2

1.6

2.2

5.1

1.6

0
0

0
-.2

0
1.6

0
2.2

0
5.1

0
1.6

-.1
0

-2.6
0
-2.6

A
.1
.3

2.6
.7
1.9

7.3
5
6.9

0
0
0

-4A
0
-4.3

-1.9
-.7
-1.2

-2.5

57
-2.0
7.7

0

o0
o
0
0

0

o
0
0

__ 4

coio

Change in private inventories.—Change in private inventories (formerly change in business
inventories) is calculated by adjusting inventories
reported by businesses on a book-value basis to a
current-period replacement-cost basis by removing inventory profits and losses. The inventory
valuation adjustment (IVA), which is calculated as
the change in private inventories less the change
in book values, reflects inventory price changes
for firms that value inventory withdrawals at acquisition (historical) cost. Except for 1997 and
1998, revisions to farm inventories were negligible; the downward revisions for those years
largely reflected more complete U.S. Department
of Agriculture (USDA) data on crop harvests and
crop sales.14

Net exports of goods and services.—Revisions to

o

Residential fixed investment—In private fixed
investment, revisions to residential structures, beginning with 1988, were very small and mostly
upward. For 1998, a sizable downward revision
to the subcategory "residential improvements,"
which reflected the incorporation of newly available Census Bureau data on the value of construction put in place, was partly offset by
upward revisions to single-family structures and
to brokers' commissions.

There were both upward and downward revisions to private nonfarm inventories. Prior to
1984, the revisions, which did not exceed $2.0
billion, primarily reflected the use of economic
census data on inventories for construction industries (beginning with 1959) and for mineral
industries (beginning with 1977) in place of data
on inventories from tabulations of tax returns by
the Internal Revenue Service (IRS).15 Beginning
with 1984, the revisions were generally larger and
also reflected price revisions as a result of the
incorporation of BEA'S semiconductor price index, an improved price index for computer parts,
and revised commodity weights from the 1992
1-0 accounts. Beginning with 1993, preliminary
information from the 1997 censuses of wholesale
trade and retail trade also contributed to the revisions. Finally, a large upward revision for 1998
primarily reflected new source data for the motor
vehicle and the mineral industries.

oo

Equipment and software.—In private fixed investment, equipment and software (formerly producers' durable equipment) was revised up for
all years. The revisions primarily reflected the
recognition of business expenditures for software as investment. In addition, beginning
with 1977, certain equipment was reclassified
from one product type to another in order to
reflect improvements made in classification during the preparation of the 1992 1-0 accounts.
This reclassification affected the following categories: Instruments; photocopy and related
equipment; electrical equipment, not elsewhere
classified (n.e.c); metalworking machinery; special industry equipment, n.e.c; and agricultural
machinery, except tractors. The incorporation
of the results of the 1992 1-0 accounts also contributed to small upward revisions to equipment,
beginning with 1988. Downward revisions to
computers and peripheral equipment for 1996-98
primarily reflected an improved allocation of detailed imports and exports on the basis of data
from the 1992 1-0 accounts and revised estimates
for shipments of computers based on preliminary
data from the 1997 Census of Manufactures.

oo

22 • December 1999

SURVEY OF CURRENT BUSINESS
local government consumption and investment
were very small prior to 1991; thereafter, there
were several large upward revisions, most notably
for 1998.
For Federal Government consumption and investment, both national defense and nondefense
were revised up; the revisions primarily reflected
the recognition of software as investment, which
added the general government consumption of
fixed capital (CFC) for software to government
consumption and added government enterprise
expenditures for software to investment.17 The
downward revisions for 1973-83 primarily reflected revised BEA prices that were used to
calculate CFC for military aircraft.
17. In addition, general government expenditures for software (both purchased software and own-account production of software) were reclassified
from government consumption expenditures to gross government investment.

Table 7.—Revisions to Government Consumption
Expenditures and Gross Investment
1959 1982 1987 1992 1996 1997 1998
Total revision

0.5

0
0
0
0

Source of revision by
component
Federal
National defense
Consumption
expenditures
Definitional
Software
Statistical
Investment
Definitional
Software
Statistical
Nondefense
Consumption
expenditures
Definitional
Software
Government
employee
retirement
plans
Statistical
Investment
Definitional
Software
Statistical
State and local
Consumption
expenditures
Definitional
Software
Government
employee
retirement plans
Other
Statistical
Investment
Definitional
Software
Statistical




-0.4

5.1

6.7

16.7

26.4

42.6

2.1
4.3

4.9
8.7

10.1
15.8

13.9
23.1

15.0
25.5

16.7
28.5

-1.4 -2.4 -3.6
-.8 -1.4 -2.1
.2 -3.4
-2.5

-6.4
-2.8
2.8

-7.5 -3.6
-3.0 -4.2
11.4 25.9

4.7

6.5
2.7

13.2
6.0

17.6
6.5

18.1
8.2

-4.0 -2.8
-.3 -.9
-.3 -.9
-3.7 -1.9
1.4 3.6
1.4 3.6
1.4 3.6
0
0

-2.8
-.8
-.8
-2.0
5.5
5.6
5.6
-.1

-1.7 -1.8
-1.5 -1.4
-1.5 -1.4
-.2 -.4

-1.6
-1.6
-1.6
0

2.2

4.0

-.4
-2.6

-.1
0
0

7.7
8.1
8.1
-.4

8.3
8.6
8.6
-.3

9.8
9.4
9.4
.4

3.8

7.2

11.0

9.9

-.6
-.5
-.5

-2.6
-.8 -.5
-.4

-3.9
-1.8
-1.7

0
-.1

0
0

-.1
-2.1

-.1
-2.1

-.1

-.1
-2.4

6.4
6.7
6.7
-.3

11.1
10.5
10.5
.6

12.7
12.2
12.2

15.8
15.1
15.1

3.6

8.8

24.5

2.8
2.8
2.8
0

4.8
4.8
4.8
0

-1.7 -6.0
-2.4 -3.6
-2.3 -3.5

1.8 7.1 18.4
-1.1 -2.1 -2.0
-2.5 -4.2 -7.0 -10.7 -11.9 -13.5
-.3 -.4 -1.4 -1.6 -1.5 -1.8

-1.4 -2.4 ^3.5
-.8 -1.4 -2.1
1.4 2.1
5.0
1.2
1.2
1.2
0

2.4 2.1
2.4 6.1
2.4 6.1
-4.0
0

-6.3
-2.8
12.5

-7.4 -8.5
-3.0 -3.2
19.0 31.9

1.7 1.7
9.3 9.9
9.3 9.9
-7.6 -8.2

For State and local government consumption
and investment, upward revisions reflected the
recognition of software as investment, which
added the CFC for software to general government
consumption and added government enterprise
expenditures for software to investment.18 These
revisions were mostly offset by downward revisions that reflected the reclassification to PCE of
the administrative expenses of government employee retirement plans and of the expenditures
for certain other programs, such as the Special
Supplemental Nutrition Program for Women,
Infants, and Children and adoption assistance.19
Beginning with 1991, the upward revisions also
reflected the incorporation of data from newly
available Census Bureau surveys of State and
local governments; a large revision for 1998
primarily reflected the incorporation of preliminary data from Census Bureau surveys of State
governments for fiscal year 1998.
Income-side components

[Billions of dollars]

Definitional
Software
Government employee
retirement plans
Other
Statistical

December 1999 •

6.1
11.0
11.0
-43

Compensation of employees.—Compensation of
employees was revised down for all years except
for 1994 and 1998, reflecting downward revisions
to supplements to wages and salaries and to wage
and salary accruals (table 8).
18. See footnote 17.
19. See Moulton, Parker, and Seskin, "Definitional and Classificational
Changes," 15-16.

Table 8.—Revisions to Compensation of Employees
[Billions of dollars]

Total revision
Definitional
Statistical

1992

1996

1997

-2.1

-O.1

-13.4

-11.5

30.2

-2.8
.7

-2.7
2.6

-2.9
-105

-3.1
-84

-3.2
334

-.5
0
-.5

-2.5
0
-2.5

-3.8
0
-5.8

-10.3
0
-10.3

-8.9
0
-8.9

35.6
0
356

-1.1
-1.6
.5

.4
-2.8
3.2

3.6
-2.7
6.3

-3.2
-2.9
-.3

-2.7
-5.1
.4

-5.4
-3.2
-2.2

1982

1987

-0.2

-1.6

-.2
0

-1.6
0

0
0
0
-.2
-.2
0

1959

1998

Source of revision by
component
Wage and salary
Definitional
Statistical
Supplements to
wages and salaries
Definitional
Statistical
Employer
contributions for
social insurance
Definitional
Government
employee
retirement
plans
Statistical
Other labor income
Definitional
Government
retirement
plans
Other
Statistical

-3.0 -58.5 -83.4 -04.6 -106.3 -110.6 -114.1
-5.0 -58.5 -83.4 -94.0 -104.7 -107.1 -106.1

-3.0 -58.5 -83.4 -94.0 -104.7 -107.1 -106.1
-.6
Q
0
0
-5.5
-8.0
-1.6
2.8
2.8

57.4
56.9

83.7
80.6

98.2
91.3

103.0
101.8

108.0
104.0

108.8
102.9

3.0
-.2
0

58.5
-1.6
.5

83.4
-2.8
3.1

94.0
-2.7
6.9

104.7
-2.9
1.2

107.1
-3.1
4.0

106.1
-3.2
5.9

23

24

• December 1999




SURVEY OF CURRENT BUSINESS

For supplements, downward revisions to employer contributions for social insurance generally more than offset upward revisions to other
labor income (OLI). For both components, the
revisions primarily reflected the reclassification
of government employee retirement plans, which
shifted the contributions made by the governments to these plans from contributions for social
insurance to OLI. In addition, within OLI, upward revisions to supplemental unemployment
insurance reflected the incorporation of more
complete source data and partly offsetting downward revisions reflected the reclassification of
directors* fees from OLI to proprietors' income.20
For wage and salary accruals, revisions were
relatively small and downward prior to 1996.
Larger downward revisions for 1996 and 1997 reflected downward revisions to "wage accruals less
disbursements" (WALD) and to rest-of-the-world
compensation.21 The revisions to WALD resulted
from the incorporation of newly available BLS
tabulations of wage and salary data on private
employees covered by State unemployment insurance; the revisions to rest-of-the-world compensation resulted from revised ITA estimates. For
1998, newly available BLS data were also the major source of a large upward revision to wage and
salary accruals.
Proprietors9 income with inventory valuation adjustment (IVA) and capital consumption adjustment (ccAdj).—Prior to 1988, proprietors' income with IVA and ccAdj was revised by small
amounts except for 1983, when there was a sizable upward revision (table 9). Beginning with
1988, larger upward revisions reflected upward
revisions to nonfarm proprietors' income that
more than offset downward revisions to farm
proprietors' income.
Prior to 1996, the upward revisions to nonfarm proprietors' income primarily reflected an
improved adjustment that removes a doublecounting of the income of corporate partners.22
Beginning with 1996, the revisions also reflected
the incorporation of corrected and newly available IRS tabulations of tax returns for sole
20. See Moulton, Parker, and Seskin, "Definitional and Classificational
Changes/' 16-17.
21. WALD is the difference between wages earned, or accrued, and wages
paid, or disbursed. In the NIPA'S, wages accrued is the appropriate measure
for national income, and wages disbursed is the appropriate measure for
personal income. To estimate WALD, BEA converts annual disbursements data
based on BLS tabulations of wages and salaries to an accrual basis, WALD
consists of BEA estimates of bonus payments that are declared at the end of
a year but that are actually paid the next year.
22. For additional details on this adjustment, see Moulton and Seskin,
"Statistical Changes," 11.

Table 9.—Revisions to Proprietors' Income with Inventory
Valuation and Capital Consumption Adjustments
[Billions of dollars]

Total revision
Definitional
Software
Other
Statistical

1959

1982

1987

1992

-0.1

0.3

-1.2

10.5

.2

.5
.5

.6
.6

.2
-.3

0
-.2

0
-1.8

-.3
-.3
0
10.8

-2.5

-2.3

0

1997

1998

17.0

27.4

28.9

-.5
-.5
0
17.5

.1
.1
0
27.3

.6
.6
0
28.3

-4.4

-4.6

-6.0

-3.6

-4.3

-4.6

^5.8

-3.3

1996

Source of revision by
component
Farm
Proprietors' income with
inventory valuation
adjustment
Capital consumption
adjustment
Nonfarm
Proprietors' income
Inventory valuation
adjustment
Capital consumption
adjustment

0

0

0

-.1

-.2

-.1

-.1

-.2

-.4

0

.3

1.2

15.0

21.7

33.3

.1

.7

1.6

10.3

14.4

18.9

32.5
17.6

.1

.2

.2

.2

-.1

-.3

-.5

-.5

4.5

7.1

14.5

0

14.7

proprietorships and partnerships for 1996 and
1997.
The downward revisions to farm proprietors'
income primarily reflected the use of a new
methodology for allocating farm income by legal
form—between proprietors and corporations—
that is based on USDA definitions rather than on
a mixture of USDA and IRS definitions.23 The
revisions also reflected newly incorporated information on farm output, intermediate purchases,
subsidies, and factor incomes from USDA.
Rental income of persons with ccAdj.—Rental income of persons with ccAdj was revised down
for all years (table 10). The revisions primarily
reflected the use of an improved methodology for
estimating the income of persons from the rental
of nonfarm nonresidential properties.24 Beginning with 1994, the downward revisions also
reflected the incorporation of revised and newly
available source data from the Census Bureau's
23. See Moulton and Seskin, "Statistical Changes," 10-11.
24. See Moulton and Seskin, "Statistical Changes," 11.

Table 10.—Revisions to Rental Income of Persons with
Capital Consumption Adjustment
[Billions of dollars]

Total revision
Definitional
Private noninsured
pension plans
Statistical

1959

1982

1987

1997

1998

-2.5

-6.9

-9.0 -16.1 -20.5 -28.0

-25.2

.6

.5

0

1992

1.0

1996

1.0

1.0

1.0

0
-2.5

.5
.6 1.0 1.0 1.0
-7.4 -9.6 -17.1 -21.5 -29.0

1.0
-26.2

-2.5

-7.0

-.1

0

Source of revision by
component
Rental income of persons
Capital consumption
adjustment

-9.0 -16.1 -21.0 -28.6
0

0

.5

-25.9

SURVEY OF CURRENT BUSINESS
American housing survey. The downward revisions to rental income were partly offset by
downward revisions to mortgage interest paid
(which is deducted as a rental expense) that reflected revised data from the Federal Reserve
Board's flow-of-funds accounts.
Corporate profits with IVA and ccAdj.—Corporate
profits with IVA and ccAdj was revised up for
all years except for 1995 (table 11). Profits of
domestic financial corporations were revised up
for all years; the revisions primarily reflected
the modified treatment of private noninsured
pension plans,25 the recognition of software as
investment, and beginning with 1991, the incorporation of revised source data for interest paid
by regulated investment companies.26 Profits of
25. See Moulton, Parker, and Seskin, "Definitional and Classificational
Changes," 12-13.
26. Profits of regulated investment companies were revised up because
estimates of their interest payments, which are subtracted in the calculation
of profits, were revised down.

Table 11.—Revisions to Corporate Profits with Inventory
Valuation and Capital Consumption Adjustments
[Billions of dollars]

1959 1982 1987 1992 1996 1997 1998
Total revision

0.8 17.9

12.1

23.9

3.5

20.0

21.5

11.9
1.9

20.4
4.4

34.1
11.2

46.0
18.5

51.2
20.5

58.6
24.8

Definitional
Software
Private noninsured
pension plans
Other
Statistical

9.5 16.0 22.9 27.5 30.7 33.8
.5 0
0
0
0
0
6.0 -8.3 -10.2 -42.5 -31.2 -87.1

Source of revision by
industry
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts from the rest of
the world
Less: Payments to the
rest of the world

.4
.5

12.6 5.7 20.1 -1.0 10.9 17.0
9.2 17.0 37.7 38.4 42.3 40.7
3.3 -11.4 -17.6 -39.4 -81.4 -23.7

0

5.3

6.4

3.8

4.5

9.1

4.3

0

5.5

7.0

6.9

6.1

10.2

2.6

0

.2

3.1

1.7

1.2 -1.7

December 1999

domestic nonfinancial corporations were revised
down for all years beginning with 1985, primarily
reflecting revised estimates of the ccAdj and an
improved adjustment to remove foreign earnings
of U.S. corporations;27 these downward revisions
more than offset upward revisions that reflected
the recognition of software as investment. Profits
from the rest of the world were revised up beginning with 1982, reflecting revisions to the ITA'S
(see the section "Foreign transactions").
The ccAdj—the difference between depreciation based on tax return data and consumption of fixed capital (the NIPA estimate of
depreciation)—was revised down beginning with
1972; these revisions primarily reflected the addition of software as investment, the adoption of
a faster depreciation schedule for personal computers, and beginning with 1986, revisions to the
BEA adjustment that removes amortization of intangibles from the tax-return-based measure.28
Beginning with 1973, the corporate IVA was revised up for all years except for 1985 and 1986^
reflecting revised commodity weights from the
1992 1-0 accounts and revised price data (see the
section "Change in private inventories").
Net interest.—Net interest was revised down for
all years (table 12). The downward revisions primarily reflected the modified treatment of private
noninsured pension plans and the incorporation
of revised source data for interest paid by regulated investment companies. Beginning with
1988, the revisions were partly offset by a change
in the methodology for adjusting the interest
receipts of corporations with "captive" finance
27. For additional details on the improved adjustment to remove foreign
earnings of U.S. corporations, see Moulton and Seskin, "Statistical Changes,"
11-12.

28. See Moulton and Seskin, "Statistical Changes," 12-13.
Source of revision by
component
Profits before tax
Profits tax liability
Profits after tax
Dividends
Definitional
Private
noninsured
pension plans
Other
Statistical
Undistributed profits ...
Definitional
Software
Other
Statistical
Inventory valuation
adjustment
Definitional
Statistical
Capital consumption
adjustment
Definitional
Software
Other
Statistical




-.1
-.2
.3
-.5
.1
.5
.5
0
.5
0

18.8
0
18.8
9.5
9.5

21.0
0
21.0
16.2
16.0

45.2
.1
45.0
37.6
22.9

46.1
-2.5
48.6
35.8
27.5

61.5
-7.8
69.3
58.6
30.7

64.1
.1
64.0
69.4
33.8

9.5 16.0 22.9 27.5 30.7 33.8
0
0
0
0
0
0
.2 14.7 8.3 27.9 35.6
0
9.3 4.8 7.4 12.7 10.7 -5.4
3.9 5.9 9.5 14.2 18.1 21.6
5.9 9.5 14.2 18.1 21.6
4.1
0
0
-.2 0
0
0
5.4 -1.1 -2.1 -1.5 -7.4 -27.0

2.4
0
2.4
-3.3
-1.5
-2.2
.7
-1.8

4.5
0
4.5

4.7
0
4.7

4.3
0
4.3

6.4
0
6.4

-13.3 -26.0 -47.0 -42.0 -49.0
-1.5
1.7 4.3 2.4 3.2
-1.5
1.7 4.3 2.4 3.2
0
0
0
0
0
-11.8 -27.7 -51.3 -44.4 -52.2

Table 12.—Revisions to Net Interest
[Billions of dollars]

Total revision
Definitional
Private noninsured
pension plans
Imputed services of
regulated investment
companies
Other
Statistical

1959

1982

-0.5

-3.6

1992

1996

1997

1998

-10.7 -14.8

-32.3

-19.5

-13.6

1987

-.5

-10.9

-13.9

-53.8

-23.3

-23.2

-17.7

-.4

-10.0

-16.6

-23.9

-58.4

-31.7

-34.8

-.1
0
0

.2
-1.1
2.3

4.1
-1.4
3.2

1.8
-1.7
9.0

5.7
-.6
-9.0

9.0
_c

3.7

17.3
-?
4.1

.7
.7

25.8
24.1
1.7

49.5
46.9
2.6

46.6
68.7
56.6
57.6
12.1 -11.0

53.7
58.8
-5.1

64.4
59.9
4.5

Source of revision by
component
Net monetary interest
Definitional
Statistical
Net imputed interest
Definitional
Statistical

0

-1.2 -34.4 -60.2 -$3.5
-1.1 -34.9 -60.8 -80.4
.6 -5.1
-.1
.5

-78.9 -73.2 -78.0
-81.0 -82.0 - 7 7 6
-.4
8.8
2.1

•

25

26 • December 1999




SURVEY OF CURRENT BUSINESS
subsidiaries.29 The revisions also reflected the incorporation of revised and newly available source
data: Beginning with 1982, from the Federal
Reserve Board on mortgage debt outstanding;
beginning with 1985, from BEA'S ITA'S; and, beginning with 1996, from IRS tabulations of business
tax returns.
Nonfactor incomes.—Nonfactor incomes—which
comprises indirect business tax and nontax liability, business transfer payments, and "subsidies
less current surplus of government enterprises"—
was revised down for most years prior to 1985;
thereafter, except for no revision for 1992, it was
revised up (table 13).
Indirect business taxes was revised up beginning with 1986, primarily reflecting the use of
an improved methodology that uses data from
the Census Bureau's Government Finances survey
as the annual source data for estimating most
State and local government taxes.30 The revisions for 1996-98 also reflected the incorporation
of newly available data from the Government
Finances survey.
Business transfer payments showed very small
revisions beginning with 1985.
"Subsidies less current surplus of government
enterprises" was revised down for most years.
These revisions reflected upward revisions to the
current surplus that partly resulted from the
recognition of software as investment. Beginning with 1992, the revisions primarily reflected
revisions to the Federal current surplus of enterprises, based on newly incorporated source data
from agency annual reports.
29. See Moulton and Seskin, "Statistical Changes," 11.
30. See Moulton and Seskin, "Statistical Changes," 13.

1982

1987

1992

1996

1997

1998
....

.3

4.5
.3
4.2

5.0
.1
4.9

13.6
.1
13.5

18.6
.1
18.5

91 7
j
pi

-.3
0
-.3

.7
0
.7

1.8
0
1.8

2.0
.0
2-0

-4.7
-2.4
-1.7

0.6
-.3
-.6
.3

-2.9
-1.1
-.5
-.6

0
0
0

0

Business transfer
payments
Definitional
Statistical

0
0
0

0
0
0

0
0

0
0
0
0

-3.0
-1.4
-1.3
-.1

-0.9
-1.4
-1.4
0

Subsidies less current
surplus of government
enterprises
Subsidies
Definitional
Statistical
Less: Current surplus of
government
enterprises
Definitional
Software
Other
Statistical

0
0
0

o
0

.3

1.6
2.0
.1
1.9
-.4

0

-.5
.1
.1
0
-.6

2.4
.4
.4
0
2.0

Personal income was revised up for most years
(table 15). The revisions were small prior to 1970;
thereafter, they range from $4.0 billion for 1970
to $232.8 billion for 1998. The revisions reflected
the previously described revisions to the components of national income that are included
in personal income—wage and salary disbursements, other labor income, proprietors' income,
and rental income of persons—and to the cornTable 14.—Revisions to Consumption of Fixed Capital

Total revision

[Billions of dollars]

Indirect business tax and
nontax liability
Definitional
Statistical

Personal income and its disposition

[Billions of dollars]

Table 13.—Revisions to Nonfactor Incomes
1959

Consumption of fixed capital (CFC).—CFC—that
is, the charge for the using up of private and
government fixed capital—was revised up for all
years (table 14). The upward revisions, which
increased rapidly over time, primarily reflected
the recognition of software as investment; beginning with 1982, they also reflected the improved
method for depreciating personal computers.
Capital consumption allowances (CCA)—that is,
tax-return-based depreciation for corporations
and nonfarm proprietorships and BEA estimates
of historical-cost depreciation (using consistent
service lives) for farm proprietorships, for rental
income of persons, and for nonprofit institutions
serving individuals—was revised up for all years,
primarily reflecting the addition of deprecation
for software that was not included in IRS depreciation for corporations and for nonfarm sole
proprietors and partners. For 1996-98, the revisions to CCA also reflected revised IRS tabulations
of corporate income tax return data for 1996 and
newly available tabulations for 1997.

-.9
.4
.4
0
-1.3

1.8
.5
.5
0
1.3

-6.3
1-4
—.2
1.6
7.6
.8
.8
0
6.8

Definitional
Software
Other
Statistical
Source of revision by
fi
component
Private
Definitional ..
Software
other
Statistical
Capital consumption
allowances
Less: Capital
consumption
adjustment
Government
Definitional
Software
Other
Statistical
General government

1959

1982

1987

0.2

13.2

41.6

75.2 124.4 137.9 158.9

0
0

14.5
17.1
-2.6
-1.3

34.9
34.9
0
6.7

65.4
65.4
0
9.8

99.9 111.0 125.7
99.9 111.0 125.7
0
o
o
24.5 26.9 33.2

o
o

32.6
263
263

58.0
500
500

97.8 109.0 127.5
772 860 980
772 860 980

-.3

12.3
122
129
-7
.1

6.3

8.0

20.6

23.0

29.5

0

9.2

19.3

37.4

59.7

83.5

95 ft

o.2
-.3
0

.3

o

1992

o

1996

o

1997

o

1998

o

-3.1 -13.2 -20.6 -38.1 -25.6 -31.6

o.5

.9
2.3
4.2
-1.9
-1.4

9.1
8.6
8.6
0
.5

17.1
15.4
15.4
0
1.7

26.6
22.7
22.7
0
3.9

28.9
25.0
25.0
0
3.9

31.5
?77
27.7
0
3ft

.5
0

2.0
1.1

7.9
1.2

15.3
1.8

23.9
2.6

25.9
2.9

28.2
3.3

.5
0
0

December 1999

SURVEY OF CURRENT BUSINESS

income by (1) the amount of employer contributions to these plans, which are added to other
labor income, (2) dividends and interest received
by these plans, which are added to personal dividend income and to personal interest income,
and (3) personal contributions to these plans,
which are no longer included in personal contributions for social insurance—a component that
is deducted in the calculation of personal income.

ponents of personal income that are derived
from related components of national income—
personal dividend income and personal interest
income. The revisions also resulted from revisions to transfer payments to persons and to
personal contributions for social insurance.
The revisions to personal income mostly reflected the reclassification of government employee retirement plans, which raised personal

Table 15.—Revisions to Personal Income and Its Disposition
[Billions of dollars]

1959
Total revision.
Definitional
Government employee retirement plans
Imputed services of regulated investment companies .
Other
Statistical

1982

1987

1992

1996

1997

1998

-0.4

44.3

84.7

134.7

122.2

167.1

232.8

2.4
3.0
-.1
-.4
-2.8

49.7
49.5
.2
0
-5.4

92.2
88.4
4.1
-.3
-7.5

97.1
95.4
1.7
0
37.6

114.2
108.2
5.5
.5
8.0

117.5
107.4

123.4
103.4
17.1
2.9
109.4

8.8
1.3
49.6

Source of revision by component
Wage and salary disbursements

0

-.5

-2.5

-3.8

-4.6

-.9

36.1

Other labor income

2.8

57.4

83.7

98.2

103.0

108.0

108.8

Proprietors' income with inventory valuation and capital
consumption adjustments

-.1

.3

-1.2

10.5

17.0

27.4

28.9

-2.5

-6.9

-9.0

-16.1

-20.5

-28.0

-25.2

Personal dividend income
Definitional
Government employee retirement plans
Private noninsured pension plans
Other
Statistical

-.1
-.2
0
.3
-.5

12.3

21.9
21.7
5.7
16.0
0
.2

47.4
35.7
12.8
22.9
0
11.7

49.2
45.4
18.0
27.4
0
3.8

73.1
51.7
21.0
30.7
0
21.4

85.2
55.4
21.6
33.8
0
29.8

Personal interest income
Definitional
Government employee retirement plans
Private noninsured pension plans
Imputed services of regulated investment companies
Statistical

.3
.4
.8
-.3

82.9
53.5
75.7
-23.9

91.2

1.7
29.4

78.0
101.0
-28.5
5.5
13.2

107.6
81.3
104.2
-31.7
8.8
26.3

133.0
91.1
108.8
-34.8
17.1
41.9

Rental income of persons with capital consumption adjustment.

.1

12.3
2.8
9.5
0
0

22.4
20.1

-.1
-.1

29.9
-9.9
.2
2.3

49.7
46.5
59.0
-16.6
4.1
3.2

Transfer payments to persons

-2.8

-53.9

-74.7

-106.5

-139.2

-148.0

-165.4

Less: Personal contributions for social insurance
Definitional
Government employee retirement plans
Other
Statistical

-1.9
-2.0

-13.2

-16.9
-16.8

-21.8
-51.6
-20.8
-.8
-.2

-25.9
-25.7

-28.1
-27.0
-25.9
-1.1
-1.1

-31.5
-28.9
-26.8

-14.7
-15.2
-15.9
.7
.5

-20.8
-22.3
-23.1

-20.7
-26.0
-27.0
1.0
5.3

-25.7
-30.6
-32.6
2.0
4.9

149.5

143.0
136.5
108.2
23.1
5.5
-.3
6.5

187.7

143.5
107.4
27.0

258.3
154.0
103.4
32.6

8.8
.3
44.2

17.1
.9
104.3

Less: Personal tax and nontax payments
Definitional
Capital transfers
Other
Statistical
Equals: Disposable personal income
Definitional
Government employee retirement plans
Capital transfers
Imputed services of regulated investment companies ...

Other
Statistical

Less: Personal outlays
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the world (net)
Equals: Personal saving
Definitional
Government employee retirement plans
Capital transfers
Other
Statistical
Addenda:
Net interest
Plus: Net interest paid by government.
Definitional
Statistical
Plus: Interest paid by persons
Equals: Personal interest income




-1.9
-.1
.1

-13.2
-12.9
-.3
0

-1.7
-1.7
-1.8
.1
0

-9.8
-9.8
-10.1
.3
0

-11.2

1.3

54.1
59.5
49.5

95.9
102.6
88.4
10.6

4.1
3.0
1.8
-.1
-.5
-2.8
0
0
0
.1

10.1
.2
-.3
-5.4

-16.3
-.5
-.1

-10.4
-10.6
.2
-.8

4.1
-.5

-6.7

112.3
95.4
15.9
1.7
-.7
37.2

-24.8
-.9
-.2

.8

1.5

-2.1
-2.6

2.8
2.5
0
.3

12.0

-.1

56.4

-10.1
7.0
2.9

29.4
21.8
6.3
1.3

37.6

10.8
0
1.2

30.7
5.2
1.7

40.7
13.3
2.4

51.3

1.3
4.1
2.9
1.8
-.6
-2.8

56.8
47.8
10.1
-1.1
-5.5

83.9
94.2
85.7
10.4
-1.9
-10.3

149.6
104.1
91.2
15.8
-2.9
45.5

113.6
120.8
101.1
23.0
-3.3
-7.2

150.1
123.1
99.2
26.8
-2.9
27.0

202.0
124.0
94.1
32.4
-5.5
78.0

-.5
.8
.8
0
0
.3

-8.6
31.0
31.0
0
0
22.4

-10.7
60.4
60.4
0
0
49.7

-14.8
90.8
77.3
13.5
7.0
82.9

-32.3
117.3
101.4
15.9
6.3

-19.5

-13.6
133.3
108.8
24.5
13.3
133.0

91.2

121.9
104.5
17.4
5.2
107.6

•

2J

28

• December 1999




SURVEY OF CURRENT BUSINESS

The reclassification also reduced personal income
by the amount of benefits paid by these plans,
which are no longer included in government
transfer payments to persons. The net effect of
the reclassification was to raise personal income
for all years.
Personal dividend income was revised up for
most years. The revisions largely reflected the
modified treatment of private noninsured pension plans and the reclassification of government
employee retirement plans. Prior to 1982, the upward revisions were partly offset by downward
revisions that reflected the exclusion of distributions of regulated investment companies (mutual
funds) that reflect capital gains income. In the
1998 annual NIPA revision, the exclusion had
been carried back to 1982; for this comprehensive
revision, it will be carried back to 1946.
Personal interest income was revised up for
most years. Upward revisions that reflected the
inclusion of interest received by government employee retirement plans more than offset downward revisions that reflected the reclassification
of dividend and rental income received by private
noninsured pension plans from personal interest income to personal dividend income and to
rental income of persons, respectively. Personal
interest income was revised up while net interest
was revised down, because the interest received
by government employee retirement plans does
not enter into the calculation of net interest.31
The revisions to personal interest income also reflected the incorporation of revised and newly
available source data for estimating net interest
(see the section "Net interest")* net interest paid
by government (see the section "Government receipts and expenditures"), and interest paid by
persons (see the section "Personal outlays").
31. Personal interest income equals net interest plus interest paid by persons and by government less interest received by government (see addenda
to table 15).

Transfer payments to persons was revised
down for all years, primarily because in the
reclassification of government employee retirement plans, the benefits from these plans are no
longer treated as government transfer payments
to persons (table 16).
Personal contributions for social insurance—
which is subtracted in the calculation of personal
income—was revised down for all years, because
personal contributions to government employee
retirement plans are no longer included.
Personal tax and nontax payments was revised
down for all years, primarily reflecting the reclassification of estate and gift taxes as capital
transfers.32
Disposable personal income (DPI)—personal
income less personal tax and nontax paymentswas revised up for all years, reflecting the upward
revisions to personal income and the downward
revisions to personal tax and nontax payments.
Personal outlays—PCE, interest paid by persons, and personal transfer payments to the rest
of the world (net)—was revised up for most
years, primarily reflecting the revisions to PCE.
Beginning with 1989, the revisions to personal
outlays also reflect upward revisions to interest
paid by persons—primarily reflecting the incorporation of revised data on consumer credit outstanding from the Federal Reserve Board—and
to personal transfer payments to the rest of the
world (net)—reflecting the reclassification (from
the government sector to the personal sector)
of government employee retirement payments to
nonresident beneficiaries and the incorporation
of revised ITA estimates for unilateral current
transfers.
Personal saving—the difference between DPI
and personal outlays—was revised up for all
32. See Moulton, Parker, and Seskin, "Definitional and Classificational
Changes," 13-14.

Table 16.—Revisions to Government Transfer

Payments to Persons

[Billions of dollars]
1959
Total revision

1982

1987

1992

1996

1997

1998

-2.8

-54.0

-74.7

-106.5

-139.1

148.8

-166.0

Definitional
Statistical

-2.7
-.1

-53.7
-.3

-74.7
0

-105.7
-.8

-137.3
-1.8

-147.6
-1.2

-156.5
-9.5

Source of revision by component
Federal
Definitional
.
Government employee retirement plans
Statistical

-1.5
-1.5
-1.5
0

-35.3
-35.3
-35.3
0

-44.8
-44.8
-44.8
0

-59.4
-59.1
-59.1
-.3

-69.9
-£9.6
-69.6
-.3

-72.6
-73.2
-73.2
.6

-83.4
-75.3
-75.3
-6.1

State and local
Definitional ...
Government emolovee retirement olans
Other
Statistical .
..

-1.3
-1.2
-1.2
0
-.1

-18.7
-18.5
-19.3
8
-.2

-29.9
-29.8
-51.2
14
-.1

-47.1
-46.6
-48.8
22
-.5

-69.2
-67.7
-70.7
30
-1.5

-76.2
-74.4
-77.6
32
-1.8

-82.6
-81.2
-64.6
34
-1.4

December 1999

SURVEY OF CURRENT BUSINESS

visions to contributions for social insurance that
resulted from the reclassification of contributions
received by Federal Government retirement plans
and downward revisions to personal tax and nontax receipts that resulted from the reclassification
of estate and gift taxes as capital transfers. Statistical revisions to current receipts, which began
with 1982, were relatively small and downward for
most years.

years. The upward revisions were primarily
accounted for by the reclassification of government employee retirement plans, which shifts
the savings associated with these plans from the
government sector to the personal sector; the reclassification of estate and gift taxes as capital
transfers also raised personal saving and reduced
government saving. The upward revisions to personal saving resulted in corresponding upward
revisions to the personal saving rate—personal
saving as a percentage of DPI—that ranged from
0 4 percentage point for 1959 to 3.2 percentage
points for 1998. Nevertheless, the revised estimates retain the long-term downtrend in the rate
that was present in the previously published estimates. For example, previously, the rate fell
from a peak of 9.0 percent in 1982 to 0.5 percent in 1998; now, the rate falls from 10.9 percent
to 3.7 percent. The large upward revision for
1998 also reflected the unusually large upward
revision to wages and salaries (see the section
"Compensation of employees").

Federal Government current expenditures was
revised down for all years. The revisions re-r
fleeted downward revisions to transfer payments
that resulted from the reclassification of benefits paid by Federal employee retirement plans
and downward revisions to grants-in-aid to State
and local governments that resulted from the
reclassification of investment grants as capital
transfers. Beginning with i960, the recognition
of software as investment also contributed to
the downward revisions because the sum of the
amounts of purchased software and own-account
compensation and other production costs (reclassified as investment) exceeded the amount
of software consumption of fixed capital that
was added to consumption expenditures. The
downward revisions were partly offset by upward
revisions to net interest paid that resulted from

Government current receipts and expenditures
Federal Government—-Federal Government current receipts was revised down for all years
(table 17). The revisions reflected downward re-

Table 17.—Revisions to Government Current Receipts and Expenditures
[Billions of dollars]
1982

1959

1987

1992

1996

1997

1998

Federal

-57.7
-2.1

-77.2
-76.3
-11.3
-65.0
-.9

-65.6
-63.5
-17.5
-66.0
-2.1

•^8.0

-60.5
-49.1
-22.4
-25.2
-1.5
0
-11.4

-59.0
-59.8
-28.1
-28.3
-3.5
0
.8

-65.0

^5.4
-19.0
-24.7
-1.8
0
-2.6
-19.0

-16.7

-26.5

-27.8

-25J

-58.9
-64.3
-22.3
-42.0
5.4

-72.1
-76.7
-27.0

-64.8

-77.7
-101,8
-36.2

-49.8
4.7

-63.5

-65.2
-100.8
-35.3
-65.5

12.5

15.5

19.1
.1
-1.4
1.6
19.0

16.4
-1.7
-1.7

21.4
-5.1
-1.6
-3.5
26.5

Current receipts
Definitional
Capital transfers
Government employee retirement plans
Statistical

-3.6
-3.6
-1.4
-2.2
0

-46.8
-47.1
-7.5

-67.0
-64.9
-7.2

-39.6
.3

Current expenditures
Definitional
Capital transfers
Government employee retirement plans
Software
Other
Statistical

-4.3
-4.4
-3.1
-1.3
0
0
.2

-49.0
-44.5
-14.6
-27.1
-.9
-1.9
-4.5

Current surplus or deficit (-), national income and product
accounts

2.1

-92.8
-88.0

-20.6
-67.5
-4.7
-63.4
-28.8
-30.4
-4.2
0
-1.6

-933
-92,5
-25.2
-67,3
-.$
-67.6
-64.2
-28.8
-29,6
-5,9
0
-3.4

State and local
-6.1

Current receipts
Definitional
Capital transfers
Government employee retirement plans
Statistical

-61
-3.5
-2.7
0

Current expenditures
Definitional
Software
Government employee retirement plans
Statistical

-.3
-.7
0
-.7
.4

Current surplus or deficit (-), national income and product
accounts
Addenda!
Current surplus or deficit (-), national income and product accounts
without definitional changes
Federal
State and local




-5.8

-.6
-.2
-.4

-48.7
-48.7

-16.9
-31.8
0
4.8
3.3
-.3
3.6
1.5
-53.6

3.2
4.7
-1.5

12.7
10.2
-.4

10.6
2.5
-71.6

3.5
.5
3.0

-97.3
-33.8

-.1
18.1

-65.6
24.0
30.7
-11.1
-1.9
-9.2
41.9

-91.2

-101.2

-106.6

-108,4

-3.9
10.5
-14.3

-8.4
-2.8
-5.6

-14.2
-3.2

-15.3
2.5
-17.8

-10.9

•

29

30

• December 1999




SURVEY OF CURRENT BUSINESS

the reclassification of interest received by Federal
employee retirement plans to personal interest
income. Statistical revisions to current receipts
were generally small, with upward revisions for
1959-71 and downward revisions for most other
years.
Prior to 1984, Federal Government net saving,
as measured by the current surplus or deficit on
a NIPA basis, was revised up for 14 years, revised
down for 9 years, and unrevised for 2 years. Beginning with 1984, Federal net saving was revised
down for all years, primarily reflecting the reclassification of government employee retirement
plans, which shifted the savings associated with
these plans from the government sector to the
personal sector.
State and local government.—State and local government current receipts was revised down for all
years, reflecting the downward revisions to contributions for social insurance that resulted from
the reclassification of contributions received by
State and local government retirement plans and
the downward revisions to Federal grants-in-aid
and to personal tax and nontax receipts that resulted from the reclassification of estate and gift
taxes and of investment grants as capital transfers.
Beginning with 1985, these downward revisions
were partly offset by upward revisions to indirect
business tax and nontax accruals, reflecting an
improved methodology for estimating State and
local government taxes.33
State and local government current expenditures was revised down for 1959-79 and revised
up thereafter. The pattern of revisions reflected
the relative magnitude of offsetting revisions over
the period: Transfer payments was revised down,
reflecting the reclassification of benefits paid by
State and local government employee retirement
plans; net interest paid was revised up, reflecting
the reclassification of interest received by the retirement plans to personal interest income; and
dividends received—which is subtracted in the
calculation of current expenditures—was revised
down, reflecting the reclassification of dividends
received by the retirement plans to personal dividend income. Consumption expenditures, the
largest component of current expenditures, was
revised up for 1959-77, down for 1978-95, and up
for 1996-98; large upward revisions for 1997 and
1998 were more than accounted for by the incorporation of newly available source data from
the Census Bureau surveys of State and local
governments.
33. See Moulton and Seskin, "Statistical Changes," 13.

State and local government net saving, as measured by the current surplus or deficit on a NIPA
basis, was revised down for all years. The revisions primarily reflected the reclassification of
government employee retirement plans, which
shifted the savings associated with these plans
from the government sector to the personal sector, and the reclassification of estate and gift
taxes.
Foreign transactions
Receipts from the rest of the world was unrevised prior to 1970, had small or no revisions for
1970-81, and had sizable upward revisions thereafter (table 18). The revisions to exports of goods
and services, which begin with 1986, were relatively small except for 1998; an upward revision
of $7.3 billion for 1998 primarily reflected the incorporation of revised ITA estimates for exports
of services. Upward revisions to income receipts,
beginning with 1982, were primarily accounted
for by corporate profits, reflecting the incorporation of improved ITA estimates of the current-cost
adjustment and of other ITA estimates that were
not previously incorporated into the NIPA'S.34 In
addition, for 1986-98, the revisions to receipts reflected revisions to interest that also reflected the
incorporation of revised ITA estimates.
Within payments to the rest of the world, the
revisions to imports of goods and services be34. See Bach, "U.S. International Transactions," 65-67.

Table 18.—Revisions to Foreign Transactions
[Billions of dollars]
1959
Receipts from the rest of
the world
Definitional
Statistical

1982

1987

1992

1996

1997

1998

5.5
0
5.5

6.7
0
6.7

10.5
0
10.5

10.4
0
10.4

19.7
0
19.7

23.5
0
23.5

0
5.5
5.5
0

-.1
6.9
7.0
-.3

-2.6
13.2
6.9

.4
10.1
6.1
3.5

2.6
17.1
10.2
6.3

7.3
16.1
2.6
12.9

5.5
0
5.5

6.7
0
6.7

10.5
0
10.5

10.4
0
10.4

19.7
0
19.7

23.5
0
23.5

0
2.1
.6
0

-4.4
.8
3.1
-5.8

-1.9
4.4
1.7
.4

-2.5
4.9
1.2
1.1

5.7
5.6
-1.7
4.7

1.5
.1
4.4

3.6
2.2
11.8

2.3
-.6
8.5

2.5
.1
17.2

2.6
1.0
11.1

Source of revision by
component
Exports of goods and
services
Income receipts
Corporate profits
Interest
Compensation of
employees
Payments to the rest of
the world
Definitional

Statistical

Source of revision by
component
Imports of goods and
services
Income payments
Corporate profits
Interest
Compensation of
employees
Transfer payments (net)
Net foreign investment...

0
-.6
5.9

December 1999

SURVEY OF CURRENT BUSINESS

software as investment, which added the consumption of fixed capital (CFC) for software to
CFC for both the business and government sectors and increased both undistributed corporate
profits and the government current surplus or
deficit by small amounts.35 (The downward revisions to undistributed corporate profits with IVA
and ccAdj primarily reflected the revisions to the
ccAdj.) As noted earlier, the revised treatment of
government employee retirement plans did not
affect national saving, but it raised personal saving (a component of gross private saving) and
reduced the government current surplus or deficit
(a component of gross government saving) by
offsetting amounts. The reclassification of certain transactions as capital transfers reduced gross
saving by small amounts. Finally, the large upward revision to wage and salary accruals for 1998
contributed to the upward revisions to personal
saving and national saving for that year.
Gross investment—which consists of gross private domestic investment, gross government investment, and net foreign investment—was revised up for all years except 1959. The revisions
were primarily to gross private domestic investment and to gross government investment and

gan with 1992 and tended to be small except
for a downward revision for 1992 and an upward revision for 1998. The revisions primarily
reflected the incorporation of revised ITA estimates for imports of services. Beginning with
1982, income payments was revised mostly upward by relatively small amounts except for larger
upward revisions for 1995-98. For most years
prior to 1995, upward revisions to profits and to
compensation more than offset downward revisions to interest. Beginning with 1995, all three
of these subcomponents either were revised up
or were unrevised; the revisions reflected the incorporation of revised ITA estimates. Prior to
1982, net foreign investment showed small or no
revisions; thereafter, there were larger upward revisions, primarily reflecting the upward revisions
to net receipts of income.
Gross saving and investment
Gross saving, or national saving—which consists
of gross private saving and gross government
saving—was revised down by small amounts for
1959-73 and up by larger amounts for 1974-98
(table 19). Upward revisions to gross private saving more than offset downward revisions to gross
government saving. The upward revisions were
primarily accounted for by the recognition of

35. For details on the effects of this definitional change on specific components, see Moulton, Parker, and Seskin, "Definitional and Classificational
Changes," 8-11.

Table 19.—Revisions to Gross Saving and Investment
[Billions of dollars]

1959
Gross saving

1982

-2.7
0
0
0
-2.7

1987

21.4

1992

1996

1997

1998

19.3
20.9
-1.6
2.1

30.8
39.6
42.2
-2.6
-8.8

103.1
76.5
79.2
-2.7
26.6

74.8
120.0
123.0
-3.0
-45.2

115.0
134.3
137.4
-3.2
-19.3

178.0
155.7
158.9
-3.2
22.3

1.9
1.3

72.0
51.3

112.3
83.9

193.9
149.6

175.9
113.6

220.4
150.1

280.8
202.0

1.0
-.5
.2
0

8.4
11.0
1.3
0

-4.0
29.3
3.2
0

-13.9
52.7
5.3
0

-29.9

91.6
6.2
-5.7

-30.8
102.1
7.0
-7.8

-48.2
118.6
8.8
-.5

-4.6
.8
.2

-50.6
-.3
-2.4

-B1.5
-14.4
4.6

-90.7
-7.2
9.5

-101.1
-11.9
14.7

-105.4
-11.8
16.0

-102.8

.6
^5.5
.3

2.1
-50.3
3.3

-19.0
-67.1
4.4

-16.6
-83.6
7.6

-26.5
-89.2
11.8

-27.7
-93.7

-25.9

12.9

13.8

-6.8

-53.6

-71.6

-91.2

-101.2

-106.6

-108.5

-.2
0
0
0
-.2

26.4
20.9
20.9
0
5.5

49.6
42.0
42.2
-.2
7.6

102.0
79.1
79.2
-.1
22.9

167.6

206.9

122.9
123.0
-.1
16.9

137.3
137.4
-.1
30.3

158.8
158.9
-.2
48.2

-.3
0
0

15.0
5.4
5.9

34.3
10.8
4.4

76.2
14.0
11.8

110.8
20.4
8.5

127.7
22.7
17.2

164.1
31.7
11.1

Statistical discrepancy

2.4

5.0

18.7

-1.1

65.0

52.6

28.9

Addendum:
Gross saving as a percentage of gross national product

-.6

Definitional
Software
Other
Statistical
Gross private saving
Personal saving
.
Undistributed corporate profits with inventory valuation and capital
consumption adjustments
Corporate consumption of fixed capital
Noncorporate consumption of fixed capital
Wage accruals less disbursements
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (-), national income and product
accounts
State and local
Consumption of fixed capital
Current surplus or deficit (-), national income and product
accounts
Gross investment
Definitional
Software
Other
Statistical
Gross private domestic investment
Gross government investment
Net foreign investment




1.4

-8.2
17.7
-94.6

1.5

•

31

December 1999




SURVEY OF CURRENT BUSINESS
reflected the recognition of software as investment. In addition, beginning with 1982, net
foreign investment was revised up by sizable
amounts, reflecting the incorporation of improvements to the ITA'S that were not previously
incorporated into the NIPA'S.
Annual Estimates of Real GDP and Real DPI
In general, revisions to real GDP reflect three
factors: (1) Revisions to the current-dollar components of GDP for which chained-dollar estimates are prepared by deflation, (2) revisions to
the prices used to estimate components of real
GDP by deflation, and (3) revisions to the quantities used to estimate components of real GDP
by extrapolation or direct valuation. The reference year was shifted to a more recent year,
1996, but because the price and quantity indexes
and chained-dollar estimates are measured with
chain-type indexes, the change of the reference
year does not, by itself, affect the percent changes
of these series.
For 1959-98, the revised chained-dollar estimates of real GDP showed an average annual
growth rate of 3.4 percent, 0.2 percentage point
higher than was shown in the previously published estimates (table 20). The growth rates
were revised up for most major components of
GDP. The growth rate of equipment and software
was revised up the most. The growth rates of PCE
for nondurable goods, nonresidential structures,
and national defense consumption expenditures

and gross investment were also revised up substantially. The growth rates of PCE for durable
goods, residential fixed investment, and imports
of goods and services were unrevised.
The revisions to the growth rate of real GDP
for the entire 1959-98 period can be divided into
three subperiods: 1959-77, 1977-92, and 1992-98.
For 1959-77, the growth rate was unrevised at
3.7 percent. For 1977-92, it was revised up 0.3
percentage point to 2.9 percent, reflecting the incorporation of geometric-mean-type CPI'S back
to 1978 (see the section "Annual Prices"), the
recognition of software as investment, and the
improved estimates of unpriced banking services.36 For 1992-98, the growth rate was revised
up 0.4 percentage point to 3.6 percent, reflecting the increasing importance of software over
this period, the improved estimates of unpriced
banking services, and the incorporation of newly
available source data—including the geometricmean-type CPI'S for 1992-94—that affected the
estimates for that period.
Annual changes.—For 1959-91, the annual, or
year-to-year, percent changes in real GDP were
revised up for 21 of the 33 years; the changes
for 1961, 1963-65, and 1967 were unrevised; and
the changes for 1962, 1971-73, 1976, and 1977
were revised down (chart 1). Upward revisions
of 0.5 percentage point or more were recorded
in 4 years (1979,1987, 1990, and 1991); the largest
36. See Moulton and Seskin, "Statistical Changes," 16-17.

Real Gross Domestic Product:
Change From Preceding Year
Percent
Previously Published •

Revised

I
_L

-1
1987

1988

1989

1990

U.S. Department of Commerce, Bureau of Economic Analysis

1991

1992

1993

1994

1995

1996

1997

1998

December 1999

SURVEY OF CURRENT BUSINESS

Table 20.—Gross Domestic Product and Its Major Components:
Revisions to Average Annual Rates of Change Over Selected Periods
Chained dollars

Current dollars
Previously
published

Previously
published

Revision

Revised

Revision

Revised

1959-98
Gross domestic product

7.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

7.7
7.5
6.4
8.8

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

7.6
7.6
8.0
6.9
8.5
6.8

Net exports of goods and services
Exports
Imports
Government consumption expenditures and gross investment.
Federal
National defense
Nondefense
State and local
Addendum:
Disposable personal income .

7.6
7.8
7.4
6.5
8.8
7.9
7.9
8.4
7.2
9.0
6.8

0.1

3.2

3.4

.1

3.4
5.2
2.4
3.7

3.6
5.2
2.7
3.9
4.6
4.5
5.4
2.5
6.8
2.2

-.1
.1
0
.3
.3
.4
.3
.5
0

4.2
4.1
4.9
2.2
6.3
2.2

6.9
6.5
1.9

0.2
.2
0
.3
.2
.4
.4
.5
.3
.5
0

7.0
6.5

10.3
10.5

10.4
10.5

6.9
5.4
4.8
7.3
8.2

6.9
5.5
4.8
7.5
8.2

.6
-.1
2.5
3.1

2.1
.9
.2
2.7
3.2

7.6

7.7

3.3

3.5

.2
.3
.3
.2
.1

1977-32
7.8

7.9

0.1

2.6

2.9

0.3

8.3

6.8
6.7
9.7
5.4
5.9
6.3
5.6
6.6
4.9

8.3
6.6
6.7
9.7

0
-.2
0
0

2.7
3.5
1.8
3.1

3.0
3.4
2.2
3.5

.3
-.1
.4
.4

6.0
6.3
6.9
5.7
7.5
4.9

.6
.4
.6
.1
.9

1.6

2.3
2.5
3.6
1.1
4.8
-.1

.7
.6
.9
.1

0

1.9
2.7
1.0
3.7
-.1

Net exports of goods and services
Exports
Imports

9.7
9.0

9.7
9.0

0
0

6.5
5.2

6.7
5.2

Government consumption expenditures and gross investment.
Federal
National defense
Nondefense
State and local

7.7
7.5
7.6
7.3
7.8

7.7
7.7
7.8
7.4
7.8

0

2.4
2.4
2.3
2.5
2.4

2.7
2.9
2.9
2.9
2.5

Addendum:
Disposable personal income .

8.2

8.3

2.6

3.1

3.6
3.6

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment ,
Fixed investment
Nonresidential
Structures
Equipment and software...
Residential
Change in private inventories

.2
.2
.1

1.1
0

.3
.5
.6
.4
.1

1992-88
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services
Exports
Imports
Government consumption expenditures and gross investment.
Federal
National defense
Nondefense
State and local
Addendum:
Disposable personal income ,




5.3

5.6

0.3

3.2

5.5
6.8
3.9
6.0
9.6

5.6
6.8
4.4
6.1

.1

0
.5
.1

3.4
7.1
2.6
3.0

8.9
9.0
6.5
10.1
8.6

10.0
9.4
9.7
8.0
10.3
8.5

.4
.5
.7
1.5
.2
-.1

9.1
8.4
9.5
3.1
12.1
5.6

8.8
10.1
4.3
12.2
5.3

7.0
8.8

7.2
9.0

7.5
10.6

7.5
10.5

2.7
-.2
-1.6
2.9
4.7

3.1
.1
-1.4
3.3
5.1

.4
-2.5
-3.7
0
2.3

.8
-2.0
-3.3
.6
2.6

4.6

4.8

2.5

2.8

7.3
3.3
3.1

9.5

0.4
.2
.2
.7
.1
.4
.4
.6
1.2
.1
-.3

0
-1
.4
.5
.4
.6
.3

•

33

34

SURVEY OF CURRENT BUSINESS

• December 1999




revision was for 1991, when the change in real GDP
was revised from -0.9 percent to -0.2 percent.
For 1992-98, the percent changes in real GDP
were revised up for all years. The largest revisions were for 1992 (up 0.6 percentage point to
3.3 percent) and for 1997 (up 0.6 percentage point
to 4.5 percent).
Real disposable personal income (DPI).—For

1959-

98, the revised estimates of real DPI showed an
average annual growth rate of 3.5 percent, 0.2
percentage point higher than was shown in the
previously published estimates (table 20). For
1959-92, the average annual growth rate was 3.6
percent, also 0.2 percentage point higher; for
1992-98, the growth rate was 2.8 percent, 0.3
percentage point higher.

Annual Prices
Revisions to the chain-type price indexes result
from the incorporation of revised and newly
available source data and of revised weights into
the chain formula.37
For 1959-98, the revised chain-type estimates
for gross domestic purchases prices showed an
average annual growth rate of 4.1 percent, 0.1 percentage point lower than the previously published

estimate (table 21). For GDP prices, the revised
growth rate was 4,0 percent, 0.2 percentage point
lower than the previously published estimate.
For 1959-92, the revised chain-type estimates
for gross domestic purchases prices showed an
average annual growth rate of 4.5 percent) 0.1 percentage point lower than the previously published
estimate. For GDP prices, the average annual
growth rate was 4.4 percent 0.2 percentage point
lower than the previously published estimate.
For 1992-98, the revised chain-type estimates
for gross domestic purchases prices showed an
average annual growth rate of 1.8 percent, the
same as the previously published estimate. For
GDP prices, the average annual growth rate was
1.9 percent, 0.1 percentage point lower than the
previously published estimate.
For 1959-92, the largest revisions were to the
prices of PCE for nondurable goods and to the
prices of national defense. The revisions to the
prices of PCE for nondurable goods reflected the
incorporation of geometric-mean-type CPI'S back
to 1978.38 The revisions to the prices of national
defense reflected both the incorporation of revised prices that were used to calculate CFC for
military aircraft and the calculation of chain-type
price indexes at a more detailed level than in the
previously published estimates.

37. For a discussion of the new price measures introduced in this
comprehensive revision, see Moulton and Seskin, "Statistical Changes" 13-15.

38. See Moulton and Seskin, "Statistical Changes," 16-17.

Table 21.—Prices of Gross Domestic Product and Its Major Components:
Revisions to Average Annual Rates of Change Over Selected Periods
[Percent]
1959-98
Previously
published

Revised

1959-92
Revision

Previously
published

Revised

1992-98
Revision

Previously
published

Revised

Revision

4.2

4.0

-0.2

4.6

4.4

-0.2

2.0

1.9

-0.1

Personal consumption expenditures
Durable goods
Nondurable goo
Services

4.2
2.2
3.9

4.0
2.1
3.7
4.8

-.2
-.1
-.2
-.1

4.6
2.7
4.4
5.2

4.4
2.6
4.2
5.1

-.2
-.1
-.2
-.1

2.0
-.3
1.2
2.9

1.9
-.5
1.1
2.9

-.1
-.2
-.1
0

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

3.2
3.3
2.9
4.6
2.0
4.5

-.1
-.1
0
0
-.1
0

3.8
3.9
3.6
4.8
2.8
4.8

3.7
3.8
3.5
4.8
2.7
4.7

-.1
-.1
-.1
0
-.1

,

3.3
3.4
2.9
4.6
2.1
4.5

.5
.5
-.4
3.3
-1.8
2.9

.5
.5
-.4
3.5
-1.6
3.1

Net exports of goods and services .
Exports
Imports
,

3.2
3.8

3.1
3.9

-.1
.1

3.9
4.9

3.8
4.8

-.4
-1.6

-.3
-1.4

.1
.2

Government consumption expenditures and gross
investment
Federal
National defense
Nondefense
State and local

4.8
4.8
4.8
4.7
4.9

4.7
4.6
4.6
4.6
4.9

-.1
-.2
-.2

5.2
5.0
5.1
5.0
5.3

2.3
2.3
2.1
2.9
2.3

2.3
2.2
2.0
2.7
2.4

0
-.1

o'

5.3
5.2
5.3
5.1
5.4

Addendum:
Gross domestic purchases

4.2

4.1

-.1

4.6

4.5

1.8

1.8

Gross domestic product

,
,
,

-.1

0
0
0
.2
.2
.2

-.1
-.2

.1

SURVEY OF CURRENT BUSINESS

For 1992-98, the largest revisions were upward to prices of nonresidential structures, of
nonresidential equipment and software, of residential structures, and of imports and downward
to prices of PCE for durable goods and of Federal
nondefense.
Quarterly Real GDP
Revisions to quarterly (and monthly) NIPA estimates reflect the revisions to the annual estimates, the incorporation of new and revised
monthly and quarterly source data (including the updating of seasonal factors), and the
introduction of changes in methodology.
This section focuses on the impact of revisions
on business cycles, as measured by turning points
in quarterly real GDP, particularly on the most
recent cycles (table 22) and on the most recent
quarters (tablets).
For the period beginning with 1959, there are
no changes in the timing of business cycle peaks
and troughs. Of the six contractions since 1959,
all have less steep declines except the contraction that began in the third quarter of 1969; for
that contraction, the decline was unrevised. The
largest revision was for the contraction that began in the second quarter of 1990; the average
quarterly percent change in real GDP (at annual
rates) is now -1.8 percent, compared with -2.7
percent in the previously published estimates.

December 1999

Of the five complete expansions since 1959, two
now have stronger increases, two have weaker
increases, and one was unrevised. The largest
upward revision was for the expansion that began
in the third quarter of 1982; the average quarterly
percent change is 4.1 percent, compared with 3.8
percent in the previously published estimates.
For the current expansion, which began in the
first quarter of 1991, the average quarterly percent change through the second quarter of 1999
is now 3.5 percent, compared with 3.1 percent in
the previously published estimates.
Of the 34 quarters of the current expansion, the
quarter-to-quarter percent change in real GDP was
revised up for 25 quarters and revised down for
9 quarters (chart 2). The revisions averaged 0.5
Table 22.—Revisions to Cyclical Fluctuations in Real GDP,
1960-99
[Percent change per quarter at annual rate]
Previously
Revised Revision
published
Contractions
1960:1-1960:IV
1969-111-19701V
1973:IV-1975:1
1980:1-1980:111
1981:1-1982:111
1990:11-1991:1

.

-2.4
-.5
-5.0
-4.9
-1.8
-2.7

-2.1
-.5
-2.4
-4.2
-1.5
-1.8

0.3
0
.6
.7
.3
.9

5.1
5.2
4.2
7.9
3.8
3.1

5.1
5.1
4.4
7.6
4.1
3.5

0
-.1
.2
-.3
.3
.4

Expansions
1960:IV-1969:111
1970.IV-1973:1V
1975:1-1980:1
1980:111-1981:1
1982:111-1990:11
1991:1-1999-11l

1. The current expansion is shown through the second quarter of 1999.

Real Gross Domestic Product:
Chang© From Preceding Quarter
Percent
! Previously Published •

1

1994

Revised

I
1995

1996

1997

Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis




1998

1999

• 35

36

• December 1999

SURVEY OF CURRENT BUSINESS

Table 23.—Real Gross Domestic Product: Percent Change From Preceding Quarter in the Revised and Previously Published Estimates
Seasonally adjusted at annual rates

1992

1991

Gross domestic product ....
Previously published

-1.7

Personal consumption expenditures .
Previously published

-1.4

-2.1

-13.1
-14.1
-.3
-2.4
.5

Durable goods
Previously published
Nondurable goods
Previously published

Services

-1.0

Previously published
Gross private domestic investment ...
Fixed investment
Previously published ....
Presidential
Previously published
Structures
Previously published
Equipment and software
Previously published ..
Previously published

-15.3
-10.8
-13.0
-15.4
-S.7
-12.5
-8.5
-7.7
-10.3
-14.9
-23.0
-23.4

2.6
1.8
3.3
2.5
1.3
1.7
2.9
2.3
4.0
2.8
-3.1
-3.5

1.3
1.0

2.5
1.0

1.7
.9
5.6
6.1

-.4
-1.0
-6.3
-4.9
-3.0
-3.4
2.2

4.3
4.7

4.0
2.5

3.1
3.0

5.2
4.3

7.1

2.2
2.2
2.3
4.3
-.6
-.7
3.7
3.4
30.4
19.5
17.0
13.3
15.8
10.0
-.6
-3.9
22.9
16.9
20.4
22.2

3.0
2.9
9.4
9.3
2.7
2.8
1.9
1.7
4.7
2.9
6.0
2.5
7.5
2.2
2.6
-8.1
9.5
7.1
2.0
3.3

5.6
5.4
10.1
11.0
6.5
5.8
4.2
4.0

.6

1.2

6.4
14.8
13.3
6.7
5.9
5.9
5.4

10.8
16.1
1.3
.9

17.7

-9.1

-2.6
5.8
9.1
-.7
3.6
-3.9
2.9
.6
3.9
27.4
24.7

2
-.3
1.8

1993

13.6
7.0
13.3

.9

7.6
6.8

1.8
2.0

15.3
16.4

9.7
1.6
.6
-2.0
-4.1
-8.4
-8.9
.8
-1.8
13.4
14.7

-1.0
-1.1
-11.3
-12.3

21.5
21.0
14.8
14.7

2.7
2.3
11.2
10.8

15.0
13.8
5.0
5.1

2.1
1.8
12.5
13.3

6.9
6.0
10.2
11.6

1.9

1.3
.4

-1.6
-1.4

-.5
-.3
-.4
-1.4
-.5
.4

.1
1.9

.6
-.1
1.9
.7

-1.6
-2.7
-6.8
-7.7
2.5
1.2

2.7
2.0
3.1
3.5

.1
-.7
1.4
-.1

.5
-.1

-1.7
-1.7
-5.7
-3.0
-9.9
-10.0
.7

-2.8
-4.0
-53.1
-22.7

9.7
11.4
6.2
3.3
-4.3
14.5
11.0
18.8
18.7

-0.7
.1
0
.4
1.3
-.7
0
-.7
-.3
1.3
10.2
17.4
3.1
4.5
4.1
6.2

-1.0
6.0
6.1
6.4
.4
.6

2.1
2.0
3.6
3.4
15.2
12.6
4.4
3.1
1.1
1.7
.9
.3
6.3
8.2

9.3
12.5
-2.0
5.5
13.6
15.6
-1.4

-1.6

2.1

6.0
5.3

3.6
3.0

5.7
4.7

2.2
1.8

5.1
3.6

4.5
4.1
9.2
8.4
3.6
2.7
4.0
4.0

3.7
2.9
12.1
9.6
2.6
1.5
2.6
2.3

3.9
3.8
5.3
6.4
5.0
5.0
3.1
2.7

3.1
2.3
4.4
4.3
3.6
2.2
2.5
2.0

4.1
3.2
12.4
11.0
4.3
2.7
2.4
1.9

-1.2

23.1
22.9
18.6
18.3
17.2
16.4
7.5
3.3
20.8
22.3
22.6
23.1

17.4
16.8
5.9
3.2
4.7
.4
-15.4
-14.8
12.5
7.0
9.1
10.0

3.5
3.0
3.5
3.8
3.4
2.1
3.5
3.3
25.2
22.0
10.2
11.9
8.1
9.9
21.5
21.1
4.0
5.9
15.7
16.6

-5.8

18.9

-6.1
4.3
4.2
7.3
7.7
-1.0
-1.1
10.3
11.4
-3.0
-3.1

13.3

16.9
-4.4
-5.0

21.7
21.9
16.8
17.7

1.6
-1.8

17.3
17.7
18.9
19.0

10.0
10.6
12.0
13.1

14.1
14.7
10.0
9.9

1.1
1.3
-1.1
-.1

-3.9
-4.0

.7
.4
-4.1
-4.9
3.9
4.0

8.0

8.2
13.9
13.3
4.4
5.1

-3.6
-3.8

-11.6
-11.3
1.9
1.2

3.6
3.4
6.8
6.8

3.9
3.3
3.1
2.9

3.9
2.7
5.5
4.8

1.5

6.0
6.3
6.6
4.6
4.9
.5
3.4
6.0
5.5
11.1
10.8

10.7
7.0

17.0
12.6
2.8
2.3
22.1

Change in private inventories
Net exports of goods and services .
Exports
Previously published
Imports
Previously published
Government consumption expenditures and gross investment.
Previously published
Federal
Previously published
State and local
Previously published
Addenda:
Final sales of domestic product
Previously published

.9
3.2
2.8
.8

-1.3
-2.8
.7

Disposable personal income
Previously published

-1.6

-7.6

-6.8
3.0
2.8

.5
3.4
-.2

1995

-1.2
9.8

7.6
-5.0
-6.9
-12.5
-15.4
.8
-.3

-1.7
-1.5
-7.4
-7.7

2.4
1.8
2.9
2.9

1.1
.9

-1.1

7.8
8.2
12.0
12.4

-6.0

.4
1.0

0
-.8

-5.0
-3.3

-2.3

SA
3.9
3.8

4.3
4.0

-4.9
1.7
2.1

2.9
3.1
5.7
7.3

2.6
2.2
.3
1.1

7.9
7.6

-11.1

-10.7
1.1
.7

2.6
2.3

2.0

5.5
4.8
5.4
4.8

1.2
-3.1

1997

1996

1999

IV
Gross domestic F

1.7

0.8
.4

1.5
1.9
-5.7
-1.0
2.1
2.3
2.0
2.3

4.0
3.4
5.0
5.9
2.9
1.6
4.3
3.8

1.5

Previously publ
Personal consumption expenditures .
Previously published
Durable goods
Previously published
Nondurable goods
Previously published
Services
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

3.2
3.3
3.2
2.6
9.5
8.3
1.7
.7
2.8
2.4

6.4
14.0
15.7
8.8
9.3

6.9
6.1
4.5
4.7
13.0
12.7
4.2
4.8
3.0
3.0
22.5
18.0
13.9
13.3
11.6
11.0
10.5
7.4
12.0
12.3
20.6
19.5

9.9
10.2
3.9
3.5

2.3
3.7
10.8
13.1

3.3
2.8
2.7

-15.6
-15.0

2.6
.9
-.3
-.4
3.6
1.4
10.1
10.1

2.3
3.4
4.8
3.4
2.0
2.2
1.9
12.5
9.3
9.6
7.3
9.5
6.1
-.8
-3.8
13.1
10.1
9.7
10.6

7.2
9.2
8.8
9.8

4.4
5.4
6.2
7.2

17.9
17.8
1.2
2.0

.8

1.9

.1

1.2

4.2
4.3
9.2
8.2
16.0
16.0
8.8
10.7
18.4
18.1
-7.7

-11.1
-11.9
-2.5
.3
2.5

6.9
5.8
5.1
1.5
7.6

-3.3
.6
4.5
3.4

2.9
3.3
3.3
3.7
4.1
5.8
2.4
2.2
3.7
4.0
7.1

9.8
12.0
12.0
13.1
13.1
10.8

2.2
2.1

4.9
4.2

4.9
4.2

5.1
4.0

4.0
4.2

2.2
1.8
-1.5

3.2
2.9
5.0
7.2
4.0
2.9
2.4
2.0

4.9
4.3
10.9
12.3
3.8
3.6
4.3
3.1
14.0
15.3
7.9
5.9
9.6
7.0
8.0
3.9

1.8

6.6

1.6
-1.5
-1.5
-.2
-.2
3.5
3.2
22.0
20.3
8.6

6.2
20.2
16.8
5.7
5.1
4.5
4.7

-1.9
2.2
1.2
2.9
3.0

8.9
15.7
16.2
-1.0
-1.7

.7
-.7
6.2
5.1
10.0
8.8
23.0
24.5
5.9
3.2
-4.1
-3.9

6.9
5.8
13.3
13.5

3.5
2.1
14.4
13.6

29.0
32.0
6.3
7.0

7.5
7.1
8.7
8.1
6.9
6.5

-4.3
-1.6
-7.7
-4.7
1.1
.3

5.7
5.4
2.1
2.1

1.2
.9
4.6
4.4

16.5
18.0

9.6
9.3
13.6
14.2
7.5

1.0

3.1
3.0
3.4
2.8
5.0
3.1
.3
-.4
4.6
4.3

6.7
5.5

2.1
1.8

3.8
3.7

6.1

3.9

6.1
11.2
11.2
6.7
5.3
4.8
5.4

4.1
4.1
2.4
2.4
2.1
4.7
5.4

-4.7
-4.5
12.5
13.4
12.1
12.8
7.1
-2.3
13.8
18.8
13.6
15.0

10.4

6.6
8.2

5.6
6.1
16.9
15.8
5.8
7.4
3.3
3.5
33.4
28.3
23.4
20.4
26.7
22.2
5.7
-4.9
34.7
34.3
14.0
15.6

1.8
4.4
5.2
6.3

-1.5
-2.8
14.4
15.7

8.0
8.9
4.1
3.6
3.2
1.8
4.3
.9
2.8
2.2

7.9
2.0
2.2

6.1

1.5
12.0
12.0
16.0
17.0
11.2
12.4
17.7
18.8
.6
-.4

8.3
15.5
18.6

16.2
15.5
19.1
17.9

11.5
10.6
17.6
13.5

5.7
2.1
9.9
3.6
3.4
1.3

1.7
1.4

-.1
.1

-1.0

6.0

1.3

-1.9

-6.3
4.9
3.8

1.7
2.1
-2.8
-2.7
4.4
4.9

-1.3
-1.2

-4.2
-2.1

-S.8
-8.8

3.5

2.4
1.3

4.1
2.1

1.5
-2.3
-1.4
3.3

2.9

3.7
11.9
7.3
3.0
1.8

5.8
5.1
1.7
1.3

4.0
2.9
4.4
3.3

3.1
2.7
4.2
2.9

5.8
5.8
3.6
2.4

2.4
2.1
4.3
2.9

5.1
4.3
4.0
4.0

5.1
4.6
3.8
2.6

10.1
8.3
3.0
3.1

11.8

9.9
14.0
-4.0
-6.2
15.2
22.8
4.7

0
-.7

-6.6
.2
2.4
-1.0
8.0
9.9

5.9

6.0
4.6
5.0
20.4
24.5
5.0
4.2
1.5
1.7
11.5
9.0
13.8
13.2

15.3
14.6
5.8
6.0
18.6
17.8
9.8
10.0

3.7
4.3

1.9

6.5
6.7
12.4
12.9
8.9
9.5
4.2
4.1

1.6
5.1
4.8
9.1
9.7
3.3
2.8
5.2
4.7

3.6
8.5

-2.1
.3

9.1
10.5
7.8
8.5
-5.8
5.7

6.6

12.5
9.5
12.9
15.4

9.7
7.0

10.8
-5.3
-1.0
11.2
15.3
5.5
7.1

Change in private inventories
Net exports of goods and services ...
Exports
Previously published

....

Imports
Previously published
Government consumption expenditures and gross investment.
Previously published

-.9
-.8

-4.8
-4.1
-16.1
-14.7

1.8

.2
-2.0
3.0
3.2

-2.8
-2.6
.3
.4

2.8
2.8

3.3
3.2
9.6
8.0
-.3
.5

2.2
2.2
1.6
2.6

2.3
2.3
-.4
-.6

4.4
3.7
2.8
2.7

2.9
2.5
2.9
3.9

3.6
3.6
2.7
2.9

Federal
Previously published

-1.4
-2.6

State and local
Previously published

2.3

Addenda:
Final sales of domestic product
Previously published
Disposable personal income
Previously published




2.5
0
-1.3

-4.0
-7.7

-1.7

13.0
9.3

5.2
2.3

-6.5
-5.1
12.5
13.5

4.0
4.9
14.4
15.1

2.9

5.1

4.2
-.5
-1.9
8.2
7.7

1.3
-1.9

3.1

3.3
3.9
7.3
2.3
1.3

.9
-1.1

2.4
2.8
4.5
3.2

6.2
6.6
4.8
4.3

4.6
4.6
4.1
3.5

3.4
3.1
3.2
2.6

-2.8

16.1
19.7
10.8
12.0

2.1

-3.6

SURVEY OF CURRENT BUSINESS
percentage point (at annual rates, without regard
to sign).
In the current expansion, the two largest quarterly revisions were 1.5 percentage points: For
the fourth quarter of 1991, the increase was revised up to 2.5 percent, primarily reflecting the
upward revision to the current-dollar estimate
for the change in private nonfarm inventories;
for the fourth quarter of 1994, the increase was
revised up to 5.1 percent, primarily reflecting upward revisions to the current-dollar estimates for
equipment and software and for the change in
private nonfarm inventories.
Changes in Methodology
Comprehensive revisions provide the opportunity to introduce new and improved methodologies. Most of the methodological changes
that were introduced in this comprehensive revision were described in the October SURVEY
article on statistical changes; an additional change
is described in this section. In addition, the
definitional change that recognized software as
investment required the development of methodologies to prepare these estimates. The methodology for the annual estimates was described in
a "Technical Note" in the August SURVEY article on definitional and classificational changes;39
the methodology for the quarterly estimates is
described in this section.
New deflator for imputed unpriced services of
regulated investment companies
Beginning with 1959, the imputed value
of unpriced services of regulated investment
companies—that is, mutual funds—has been redefined to equal operating expenses.40 Under
the new definition, operating expenses of regulated investment companies are measured as the
amount reported on their Federal income tax return as "total deductions" plus BEA estimates of
implicit charges by security dealers and of the
imputed value of unpriced services charged by
other financial intermediaries.
Accordingly, the methodology for estimating
the real value of unpriced services has been
changed. "Total deductions" and unpriced services charged by other financial intermediaries are
now deflated with a composite index prepared
39. See Moulton, Parker, and Seskin, " Definitional and Classificational
Changes," 17-20.
40. See Moulton, Parker, and Seskin, "Definitional and Classificational
Changes," 14.




December 1999 •

from the producer price index and the employment cost index; the reference-year value of the
implicit charges by security dealers is extrapolated by the number of orders placed by regulated
investment companies. Previously, the real value
of the unpriced services was estimated by extrapolating the reference-year value by the hours
worked by employees of regulated investment
companies with no adjustment for changes in the
productivity of these employees.
The change in methodology mostly affects
PCE because these services are predominantly
furnished to persons, but it also has a small effect on State and local government consumption
expenditures.
Methodology for quarterly software estimates
Like most of the components of GDP, the annual estimates of software are based on source
data that are more comprehensive and reliable
than those available for the quarterly estimates.41
The quarterly estimates are prepared by interpolating and extrapolating the annual levels,
using as indicators source data whose changes
are similar to the changes in the annual estimates and—when such indicator series are not
available—using mathematical techniques that
generate smooth quarterly changes or using judgmental trends. More detailed information about
the annual and quarterly estimates of software
will be posted early next year on BEA'S Web site
at <www.bea.doc.gov>.
Current-dollar investment estimates.—Table 24
summarizes the source data used as indicators for calculating the quarterly estimates of
current-dollar software investment.
Purchased software.—The source data used for
prepackaged and custom software are essentially
identical. For 1959-75, quarterly estimates for
both types of software were prepared using interpolation without an indicator series. For 1976-87,
the indicator series for both types of software was
unemployment insurance (ui) wage and salary
data for sic 7372 (computer programming services and prepackaged software). For 1988-98, the
indicator series for custom and for prepackaged
software were ui data for sic 7371 (computer
programming services) and sic 7372 (prepackaged software), respectively.42 For 1999, these ui
41. See Moulton, Parker, and Seskin, " Definitional and Classificational
Changes," 17-20.
42. Beginning with 1988, the ui wage and salary data reflected a change
introduced in the 1987 sic that created separate industries for custom and
prepackaged software.

37

38

SURVEY OF CURRENT BUSINESS

• December 1999

series were used to extrapolate the quarterly estimates; until the ui series become available, a
judgmental trend is used, (ui wage and salary
data are available with a two-quarter lag for the
advance and the preliminary current-quarterly
estimates and with a one-quarter lag for the final
current-quarterly estimates.)

a quarterly version of BEA'S matched-model price
index for prepackaged software, which was linked
to the producer price index (PPI) for "prepackaged software—applications software" (PPI 73722)
that BLS began publishing in December 1997; this
PPI was used as the indicator series thereafter.

Own-account software.—Beginning with 1959, a
lagged three-quarter moving average of private
fixed investment in computers and peripheral
equipment was used as the indicator series for
business software and for State and local government software. A lagged three-quarter moving
average of Federal Government investment in
computers and peripheral equipment was used
as the indicator series for Federal Government
software.

Custom software.—Beginning with 1959, this price
index was prepared using as the indicator series a weighted average (25 percent prepackaged
software and 75 percent business own-account
software) of the percent changes in the price indexes for prepackaged software and for business
own-account software (described next).

Price estimates.—Table 25 summarizes the source
data used as indicators for calculating the quarterly estimates of software prices. Real quarterly
software investment at the most detailed level
was derived by deflation—that is, by dividing the
current-dollar quarterly investment flows by price
indexes.43
Prepackaged software.—For 1959-96, this price index was prepared by interpolation without an
indicator series. For 1997, the indicator series was
43. Aggregate measures of software, such as "all business" or "all
government" were calculated using the Fisher index-number formula.

Business own-account software.—This price index was prepared using as the indicator series
a weighted average of price indexes for intermediate inputs, for compensation of computer
programmers, and for compensation of computer systems analysts. For all quarters, the
intermediate inputs price index was based primarily on detailed PPI estimates. For 1959-79,
the price indexes for compensation of computer
programmers and of systems analysts were estimated without an indicator series. Beginning
with 1980, the employment cost index for "total
compensation, all workers, private industry" was
used as the indicator series. The compensation
price indexes and the intermediate inputs price
index were combined using a Fisher chain-type

Table 24.-lndicator Series for Quarterly Estimates of Current-Dollar Software Investment
1959-75

1976-87

1988-98

1999

Prepackaged

Interpolated without an indicator
series.

Wages in SIC 7372 (1972);
eight-quarter moving average
lag (BLS: Wages of workers
covered by State unemployment insurance).

Wages in SIC 7372 (1987);
eight-quarter moving average
lag (BLS: Wages of workers
covered by State unemployment insurance).

Wages in SIC 7372 (1987);
eight-quarter moving average
lag (BLS: Wages of workers
covered by State l unemployment insurance).

Custom

Interpolated without an indicator
series.

Wages in SIC 7372 (1972);
eight-quarter moving average
lag (BLS: Wages of workers
covered by State unemployment insurance).

Wages in SIC 7371 (1987);
eight-quarter moving average
lag (BLS: Wages of workers
covered by State unemployment insurance).

Wages in SIC 7371 (1987);
eight-quarter moving average
lag (BLS: Wages of workers
covered by State l unemployment insurance).

Business own-account

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

Federal own-account

NIPA current-dollar Federal Government gross investment,
computers and peripheral
equipment; three-quarter moving average lag.

NIPA current-dollar Federal Government gross investment,
computers and peripheral
equipment; three-quarter moving average lag.

NIPA current-dollar Federal Government gross investment,
computers and peripheral
equipment; three-quarter moving average lag.

NIPA current-dollar Federal Government gross investment,
computers and peripheral
equipment; three-quarter moving average lag.

State and local own-account

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

NIPA current-dollar private fixed
investment, computers and
peripheral equipment; threequarter moving average lag.

Software type

1. Current-quarterly wages are projected based on previous quarters' wages.
BLS Bureau of Labor Statistics
SIC Standard industrial Classification




December 1999

SURVEY OF CURRENT BUSINESS

formula to calculate the indicator series for the
business own-account software price index.
Government own-account software.—Separate
price indexes for Federal Government and for
State and local government own-account software were calculated using the same methodology
as that used for business, but using different
compensation price indexes. For Federal Government own-account software, an adjusted NIPA
price index for Federal nondefense compensation was used to estimate the programmer and
systems analyst price indexes.44 For State and local government own-account software, the NIPA
price index for compensation of State and local
government noneducation employees was used.
Consumption of fixed capital (CFC) and business
incomes.—Quarterly estimates of CFC for each
44. The adjustment changes the NIPA treatment of pay raises by distributing the amount throughout the entire year; in the published compensation
series, pay raises are usually allocated to the first quarter. This adjustment
eliminates the volatility in the own-account investment series that would have
appeared in the real own-account software investment series.

® 39

software category were calculated as the product
of quarterly estimates of real CFC—derived by interpolating annual estimates without an indicator
series—and quarterly software price indexes. Estimates for the current quarters were prepared
as the product of judgmental projections of real
CFC and the current-quarterly software prices described earlier. Real CFC was calculated separately
for total investment, for business and government
investment, and within government, for Federal Government defense and nondefense and for
State and local government. In addition, separate
estimates were prepared for Federal Government
enterprises, for State and local government enterprises, and for nonprofit institutions serving
individuals. For capital consumption allowances
and the other adjustments to business incomes,
separate estimates were not prepared; the CFC'S
for these components were assumed to change
quarterly in a manner similar to the components
of which they are a part.
Appendixes A and B follow. £ |

Table 25.—Indicator Series for Quarterly Estimates of Software Prices
1959-79

1980-96

Prepackaged

Interpolated without an indicator
series.

Interpolated without an indicator
series.

BEA monthly matched-model
index.

Producer price index 73722 (all
applications software).

Custom

Prepackaged software index and
business own-account software index.

Prepackaged software index and
business own-account software index.

Prepackaged software index and
business own-account software index.

Prepackaged software index and
business own-account software index.

Business own-account

BEA own-account software intermediate inputs index; compensation interpolated without
an indicator series.

BEA own-account software inter- BEA own-account software intermediate inputs index and BLS
mediate inputs index and BLS
employee compensation index,
employee compensation index,
all workers, private industry.
all workers, private indus

BEA own-account software intermediate inputs index and BLS
employee compensation index,
all workers, private industry.

Federal own-account

BEA own-account software intermediate inputs index and Federal Government nondefense
compensation price index.

BEA own-account software intermediate inputs index and Federal Government nondefense
compensation price index.

BEA own-account software intermediate inputs index and Federal Government nondefense
compensation price index.

BEA own-account software intermediate inputs index and Federal Government nondefense
compensation price index.

State and local own-account

BEA own-account software intermediate inputs index and
State and local government
noneducation compensation
price index.

BEA own-account software intermediate inputs index and
State and local government
noneducation compensation
price index.

BEA own-account software intermediate inputs index and
State and local government
noneducation compensation
price index.

BEA own-account software intermediate inputs index and
State and local government
noneducation compensation
price index.

Software type

BLS Bureau of Labor Statistics




1997

1998-99

40

• December 1999

SURVEY OF CURRENT BUSINESS
Appendix A.—Gross Domestic Product, 1959-98
[Dollar figures are in billions]
Revision

Year
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998




iieari

fiseu

507.4
527.4
545.7
586.5
618.7
664.4
720.1
789.3
834.1
911.5
985.3
1,039.7
1,128.6
1,240.4
1,385.5
1,501.0
1,635.2
1,823.9
2,031.4
2,295.9
2,566.4
2,795.6
3,131.3
3,259.2
3,534.9
3,932.7
4,213.0
4,452.9
4,742.5
5,108.3
5,489.1
5,803.2
5,986.2
6,318.9
6,642.3
7,054.3
7,400.5
7,813.2
8,300.8
8,759.9

Previously
published

507.2
526.6
544.8
585.2
617.4
663.0
719.1
787.8
833.6
910.6
982.2
1,035.6
1,125.4
1,237.3
1,382.6
1,496.9
1,630.6
1,819.0
2,026.9
2,291.4
2,557.5
2,784.2
3,115.9
3,242.1
3,514.5
3,902.4
4,180.7
4,422.2
4,692.3
5,049.6
5,438.7
5,743.8
5,916.7
6,244.4
6,558.1
6,947.0
7,269.6
7,661.6
8,110.9
8,511.0

Definitional
changes

Total

0.2
.8
.9
1.3
1.3
1.3
1.0
1.5
.5
.9
3.1
4.0
3.2
3.1
2.9
4.1
4.5
5.0
4.5
4.5
8.9
11.3
15.4
17.1
20.4
30.3
32.4
30.7
50.2
58.7
50.4
59.4
69.5
74.5
84.2
107.3
130.9
151.6
189.9
248.9

-0.1

.1
0
.3
.4
.6
.4
.6
0
0
2.4
3.0
2.2
2.8
4.2
5.2
6.1
6.3
7.1
8.5
11.6
13.3
16.8
19.9
22.9
29.7
34.3
30.9
44.1
49.2
53.8
58.0
68.8
78.3
90.6
99.2
109.8
123.7
140.9
169.0

Total revision
as a
percentage or
previously
published

Statistical
changes

0.3
.7
.9
1.0
.9
.7
.6
.9
.5
.9
.7
1.0
1.0
.3
-1.3
-1.1
-1.6
-1.3
-2.6
-4.0
-2.7
-2.0
-1.4
-2.8
-2.5

.6
-1.9

-.2
6.0
9.5
-3.4

1.4
.7
-3.8
-6.4

8.1
21.1
27.9
49.0
80.0

0
.2
.2
.2
.2
.2
.1
.2
.1
.1
.3
.4
.3
.3
.2
.3
.3
.3
.2
.2
.3
.4
.5
.5
.6
.8
.8
.7
1.1
1.2
.9
1.0
1.2
1.2
1.3
1.5
1.8
2.0
2.3
2.9

SURVEY OF CURRENT BUSINESS

December 1999 •

41

Appendix B.—Revisions to Summary National Income and Product Accounts
[Billions of dollars]
1959

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

Account 1.—National Income and Product Account
Compensation of employees
Wage and salary accruals
Disbursements
Wage accruals less disbursement
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

-.2
0
0
0
-.2
-3.0
2.8

Proprietors' income with inventory valuation and
capital consumption adjustments
Rental income of persons with capital
consumption adjustment

-83.4
83.7

-.1
-.9
-.9
0
.8
-84.0
84.8

-.6
-1.3
-1.3
0
.7
-86.7
87.4

-.1

-1.2

3.5

4.4

-2.5

-9.0

-11.0

-11.2

12.1

21.4

14.2

25.5
21.0
0

34.8
27.6
.2
27.5
18.5
8.9

29.8
28.6
.2
28.5
20.6
7.8

7.1

1.2

-13.3

-15.4

-.5

.3
.3
0

-2.4

Business transfer payments
To persons
To the rest of the world
Indirect business tax and nontax liability
Less: Subsidies less current surplus of
government enterprises

0
0
0
0

Consumption of fixed capital
Private
Government
General government

.2
-.3
.5
.5

Less: Income receipts from the rest of the world
Plus: Income payments to the rest of the world
Gross domestic income
Statistical discrepancy
GROSS DOMESTIC PRODUCT

0
-2.2
0
0
-2.2
2.4
.2
0
0
0
0

-11.5

-16.1

18.9

23.9

49.9
45.2

21.7
8.0
.6

42.9
41.9
.2
41.8
31.2
10.5
.9
-24.0

21.0
16.2
4.8
4.5
-13.3

-20.1

-18.2

10.3

30.4
29.8
.1
29.7

-10.7

-9.5

-13.5

-11.0
0
0
.1

4.3

-6.7

-.1
0
-.1
7.1

-.5
0
-.5
6.0

-1.1

-1.6

46.7
35.8
10.8
9.6

53.3
40.4
12.9
11.5
1.3

61.0
46.4
14.5
13.0
1.6

53.5

4.5
-.9
41.6
32.6
9.1

7.9
1.2
36.1
6.9
2.1
31.3

18.7
50.2

1.2

59.0
7.1
1.7

53.6
5.1
58.7

-14.9
-11.2
-.4
0
-.4
4.7

4.2
.3
^.0
4.3
3.9
-98.6
102.5

97.7

-6.1

-14.8
3.3

-.4
0
-.4
4.2

-.3
0
-.3
5.0

-2.1
69.2
52.7
16.5
14.8
1.7

54.1

8.2

-100.8

-106.3
103.0

-11.5
-8.9
-.9
-7.8
-2.7
-110.6
108.0

17.0

27.4

-20.5

-28.0

3.5

20.0

16.9
49.5
45.0
.2
44.8
45.5
-.7
4.5

50.4
46.1
-2.5
48.6
35.8
12.7
4.3

62.0
61.5
-7.8

-32.7

-47.0

-42.0

-32.3

-19.5

-28.2

-45.8
.6
0
.7
13.6

-11.6

-15.7

41.9
38.3
.1
38.2
52.5
-14.3
3.7

-39.9
-31.8
-34.6
.3

-4.1
37.2
32.9
0

32.9
48.9
-16.0
4.3
-41.3
-30.8
-47.5
.6
0
.6
13.4

-4.7

-.4
0
-.3
7.6
-1.5

-1.4

-2.9

.6

75.2
58.0
17.1
15.3
1.8

85.7
66.4
19.2
17.2
2.0

98.2
76.7
21.5
19.3
2.3

111.4
87.1
24.3
21.9
2.5

124.4

68.9

87.9

78.7

72.0

80.8

92.2

10.8

11.5

13.2

3.6

7.8

7.1

10.1

2.0

2.9

2.5

.8

-2.0

-.8

4.3

4.4

47.3

46.3

60.0

75.5

73.1

63.4

77.9

86.5

0
.3
6.8

13.2

9.5

-1.1

11.2

43.9

53.0

65.0

59.4

69.5

74.5

84.2

107.3

130.9

151.6

-7.8
-8.9
.8
.3

-3.9
-12.2
1.2
7.1

-10.1
-17.7
1.1
6.5

-4.5
-16.8
4.5
7.7

-.6
-18.7
9.6
8.5

15.1
-21.3
23.7
12.8

21.8
-26.8

62.0
55.6
54.4
1.7
52.7

64.0
61.9
61.6
1.7
59.8
.3

78.9
78.3
78.1
3.0

75.1
.2
.6

89.2
88.0
88.0
3.0
85.0
0
1.4

100.6

2.1

76.2
68.2
68.2
3.0
65.2
-.1
8.0

94.1
.8
2.3

110.8
112.9
111.5
8.1
103.4
1.5
-2.1

47.2
39.6
37.8
.3

43.7
47.7
47.2
1.1

37.5
1.7
7.6

46.1
.5
-4.0

-.2
-.1
0

-.2
-.3
0

-.3
-.3
0

-.1
-.1
0

-.2
-.2
0

1.6
-2.6
-4.4

.2
-.6
-.8

3.8
3.9
0

-.4
-.8
-.5

.5
.2
.3
-.1
.3

5.1
4.7
.8
4.0
.3

4.9
5.3
1.9
3.5
-.4

5.1
5.4
2.6
2.6
-.2

5.3
4.8
1.8
3.2
.4

9.6
4.8
1.0
3.8
4.7

6.7
6.5
2.7
3.8
.2

9.6
9.0
4.2
4.7
.7

14.9

.2

50.2

58.7

50.4

59.4

69.5

74.5

84.2

0
0
0

Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local

2.6

3.1

34.3
31.4
31.3

Net exports of goods and services
Exports
Imports

97.8
26.6
23.9

50.4
1.9
-5.0

0
31.4
0
2.9

-25.2

-15.8
2.0

1.6
5.4

1.1
6.5

98.2
97.4
3.3

-6.4
-114.1

28.9

9.6
-14.1

30.2
35.6
36.1
-.5

108.8

95.4

-14.8

-26.0

-13.4
-10.3
-4.6
-5.7
-3.2

5.0
11.0

.1
45.0
37.6
7.4
4.7

-6.4
-.8
-3.8
3.0
-5.6

6.9
-.8
1.8
5.9

-.3
0
0
0
.1
0
-.3




10.5

-88.1

-.5
-2.4
-4.4
2.0
2.0
-95.7

10.8
3.0
1.3
6.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

GROSS DOMESTIC PRODUCT

7.7

-2.9
0
1.2

-11.9

Net interest

Gross national income

-.1
-3.8
-3.8
0
3.6
-94.6
98.2

7.0

.3
-.1
.5
0
.5

Government enterprises

-3.0
-3.4
-3.4
0
.3
-92.6
92.9

-1.8
-2.9

89.4

Corporate profits with inventory valuation and
capital consumption adjustments
Corporate profits with inventory valuation
adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment

National income

-2.1
-2.5
-2.5
0
.4

34.9
13.8

69.3
58.6
10.7
.5

1.8
.7
1.0
18.6
-2.9
137.9
109.0

21.5
70.5
64.1
.1
64.0
69.4
-5.4
6.4

-49.0
-13.6
41.7
2.0
.6
1.4
21.7

-6.3
158.9

28.9
25.9

127.5
31.5
28.2

2.9

3.3

149.5

230.6

17.1

16.1

4.9

5.6

137.2

220.0

52.6

28.9

189.9

248.9

30.7
-30.1
19.7
127.7

40.7
-26.5
46.5
20.7
164.1

126.8

152.2

125.4

153.1
25.9

41.1

13.9
111.6

127.2

1.3
.9

-.9
11.9

2.2
.4
-1.9

5.1
2.6
-2.5

1.6
7.3
5.7

5.9
4.9
4.0

15.6
12.4
6.2
6.2
3.2

16.7
13.2
6.0
7.2
3.6

26.4
17.6
6.5
11.0
8.8

42.6
18.1
8.2
9.9
24.5

107.3

130.9

151.6

189.9

248.9

10.9

42

SURVEY OF CURRENT BUSINESS

• December 1999

Appendix B.—Revisions to Summary National Income and Product Accounts—Continued
[Billions of dollars]
1959

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

Account 2.—Personal Income and Outlay Account
Personal tax and nontax payments
Personal outlays
Personal consumption expenditures
Interest paid by persons
Personal transfer payments to the rest of the
world (net)

-1.7
0
0
0
.1

-11.2

-12.3

-11.4

-15.2

-14.3

-14.7

-15.4

-16.5

-16.7

-20.8

-20.7

-25.7

12.0
10.8
0

8.4
6.9
0

7.7
1.9
4.0

1.2
-7.8
6.9

5.8
^.9
7.0

-.1
-10.1
7.0

3.8
-4.5
7.2

7.8
-.6
7.0

23.0
15.1
7.1

29.4
21.8
6.3

37.6
30.7
5.2

56.4
40.7
13.3

1.2

1.5

1.8

2.1

2.6

2.9

1.1

1.4

.8

1.3

1.7

2.4

Personal saving

1.3

83.9

97.1

107.0

121.0

128.2

149.6

140.5

138.7

122.6

113.6

150.1

202.0

PERSONAL TAXES, OUTLAYS, AND SAVING

-.4

84.7

93.2

103.4

107.0

119.8

134.7

129.0

130.1

128.8

122.2

167.1

232.8

Wage and salary disbursements

0

-2.5

-.9

-1.3

-2.9

^.4

-3.8

-4.4

-4.0

^.8

-4.6

-.9

36.1

Other labor income

2.8

83.7

84.8

87.4

89.4

92.9

98.2

97.7

102.5

95.4

103.0

108.0

108.8

Proprietors' income with inventory valuation and
capital consumption adjustments

-.1

-1.2

3.5

4.4

7.0

7.7

10.5

11.0

5.0

9.6

17.0

27.4

28.9

-2.5

-9.0

-11.0

-11.2

-11.9

-11.5

-16.1

-14.8

-14.1

-15.8

-20.5

-28.0

-25.2

-.1
-.1
0

21.9
16.2
-5.7

25.2
18.5
-6.7

28.5
20.6
-7.9

30.5
21.7
-8.8

40.6
31.2
-9.3

47.4
37.6
-3.9

55.9
45.5
-10.3

63.7
52.5
-11.2

61.2
48.9
-12.2

49.2
35.8
-13.4

73.1
58.6
-14.5

85.2
69.4
-15.8

.3
-.5
.8
0

49.7
-10.7
60.4
0

55.0
-9.5
64.6
0

62.0
-13.5
71.5
4.0

68.0
-14.9
76.1
6.9

72.6
-18.2
83.7
7.0

82.9
-14.8
90.8
7.0

74.5
-28.2
95.5
7.2

74.3
-31.8
99.1
7.0

87.6
-30.8
111.3
7.1

91.2
-32.3
117.3
6.3

107.6
-19.5
121.9
5.2

133.0
-13.6
133.3
13.3

-2.8
0
-2.8

-74.7
0
-74.7

-80.7
0
-80.7

-85.6
0
-85.7

-93.4
0
-93.4

-100.0
0
-100.0

-106.5
0
-106.5

-113.4
0
-113.3

-120.8
0
-120.8

-130.0
0
-130.0

-139.2
0
-139.1

-148.0
.7
-148.8

-165.4
.6

-1.9

-16.9
-"

-17.4

-19.2

-20.2

-20.7

-21.8

-22.5

-23.4

-24.8

-25.9

-28.1

84.7

93.2

103.4

107.0

119.8

134.7

129.0

130.1

128.8

122.2

167.1

Rental income of persons with capital
consumption adjustment
Personal dividend income
Dividends
Less: Dividends received by government
Personal interest income
Net interest
Net interest paid by government
Interest paid by persons
Transfer payments to persons
From business
From government

,

Less: Personal contributions for social insurance
PERSONAL INCOME

-166.0
-31.5
232.8

Account 3.—Government Receipts and Expenditures Account
.5

-5.7

-8.4

-9.8

-11.0

-10.2

-7.3

-6.8

-4.7

-4.2

-3.7

3.7

10.8

-2.8
-2.8
0

-75.7
-74.7
-1.0

-61.8

-86.7
-65.7

-96.7

-106.9

-113.9
-113.3

-131.6
-130.0
-1.6

-141.7
-139.1

-151.5
-148.8
-2.7

-168.8
-166.0
-2.8

.8

60.4

121.9

133.3

-14.5

-15.8

-2.9

-6.3

0

0

Consumption expenditures
Transfer payments
To persons
To the rest of the world (net)
Net interest paid

-1.0

-93.4
-3.3

-101.0
-100.0
-1.1

-.6

-121.9
-120.8
-1.1

64.6

71.5

76.1

83.7

90.8

95.5

99.1

111.3

-80.7
-1.1

-106.5
-.4

-5.7

-6.7

-7.9

-6.8

-9.3

-9.9

-10.3

-11.2

-12.2

Subsidies less current surplus of government
enterprises

-.9

-1.1

-1.6

0

-2.1

-4.7

-1.5

-1.4

-2.9

Less: Wage accruals less disbursements

0

0

0

0

0

0

0

0

0

Less: Dividends received by government

-2.6
117.3
-13.4
.6

Current surplus or deficit (-), national income
and product accounts
Federal
State and local

-5.2
.6
-5.8

-90.6
-19.0
-71.6

-66.4
-16.1
-70.3

-92.4
-16.6
-75.8

-95.8
-18.3
-77.5

-102.9
-19.3
-83.6

-107.9
-16.6
-91.2

-109.5
-23.4
-85.9

-113.9
-25.6
-88.2

-114.0
-17.6
-96.4

-127.7
-26.5

-134.4
-27.7

-134.3

-101.2

-106.6

-108.5

GOVERNMENT CURRENT EXPENDITURES
AND SURPLUS

-6.7

-106.9

-106.4

-111.2

-118.7

-123.2

-126.2

-125.8

-131.7

-129.0

-141.9

-148.7

-149.4

Personal tax and nontax payments

-1.7

-11.2

-12.3

-11.4

-15.2

-14.3

-14.7

-15.4

-16.5

-16.7

-20.8

-20.7

-25.7

0

0

.2

.2

.1

.2

.1

.2

.1

-2.5

-7.8

.1

Corporate profits tax liability

0

-25.9

4.5

7.1

6.0

4.7

4.2

5.0

7.6

6.8

13.4

13.6

18.6

21.7

Contributions for social insurance
Employer
Personal

-5.0
-3.0
-1.9

-100.2
-83.4
-16.9

-101.3
-84.0
-17.4

-106.0
-86.7
-19.2

-108.4
-88.1
-20.2

-113.3
-92.6
-20.7

-116.4
-94.6
-21.8

-118.2
-95.7
-22.5

-122.1
-98.6
-23.4

-125.7
-100.8
-24.8

-132.2

-106.3

-145.6
-114.1

-25.9

-138.8
-110.6
-28.1

GOVERNMENT CURRENT RECEIPTS

-6.7

-106.9

-106.4

-111.2

-118.7

-123.2

-126.2

-125.8

-131.7

-129.0

-141.9

-148.7

-149.4

Indirect business tax and nontax liability




0

-31.5

December 1999

SURVEY OF CURRENT BUSINESS

•

43

Appendix B.—Revisions to Summary National Income and Product Accounts—Continued
[Billions of dollars]
1959

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

Account 4.—Foreign Transactions Account
Exports of goods and services

-.1

-.3

-3

Income receipts

6.9

7.1

8.2

-.1

3.9

-.8

.4

3.6

7.8

7.1

10.1

17.1

16.1

10.5

3.1

11.6

6.2

10.4

19.7

23.5

-4.4

-.8

0

-.5

-1.9

-2.5

5.7

4.3

4.4

4.9

5.6

-.2
.8
-1.6
.6

-.6
1.3
-2.6

.1
1.7
-2.7

1.0
2.4
-2.8

-.2

-2.6

-.6

10.8

11.5

13.2

10.7

11.4

0

0

-2.0

-.8

.2
1.1
-.6
-.3

.7
1.4

RECEIPTS FROM THE REST OF THE WORLD

6.7

6.8

7.9

Imports of goods and services

0

0

0

Income payments

2.1

1.7

2.0

2.9

2.5

.8

.1
1.2
-1.0

.3
1.5
-1.1

.2
1.8
-1.0

1.1
2.6
-1.1

.1

-.1

-1.6
2.1
-3.3
-.4

-.5

2.2
2.9
—4
-.3

4.4

4.9

5.7

6.7

6.8

7.9

Transfer payments to the rest of the world (net)
From persons (net)
From government (net)
From business
Net foreign investment
PAYMENTS TO THE REST OF THE WORLD

9.4
10.7

-.4
7.6
11.4

11.8

5.7

10.5

3.1

-1.1
.3

2.6

11.7

6.2

11.6

2.6

7.3

.7

1.0

1.4

8.5

17.2

11.1

10.4

19.7

23.5

Account 5.—Gross Saving and Investment Account
Gross private domestic investment

-.3

34.3

47.2

43.7

62.0

64.0

76.2

78.9

89.2

100.6

110.8

127.7

164.1

Gross government investment

0

10.8

13.3

15.0

16.4

19.8

14.0

16.4

19.7

19.9

20.4

22.7

31.7

Net foreign investment

0

4.4

4.9

5.7

9.4

7.6

11.8

5.7

11.7

2.6

8.5

17.2

11.1

GROSS INVESTMENT

-.2

49.6

65.3

64.4

87.7

91.4

102.0

101.1

120.6

123.1

139.8

167.6

206.9

Personal saving

1.3

83.9

97.1

107.0

121.0

128.2

149.6

140.5

138.7

122.6

113.6

150.1

202.0

Wage accruals less disbursements (private)

0

0

0

0

0

0

0

2.0

4.3

3.0

-5.7

-7.8

-.5

Undistributed corporate profits with inventory
valuation and capital consumption
adjustments

1.0

2.8

-6.5

-11.5

-12.6

-13.9

-28.9

-50.6

^53.0

-29.9

-30.8

-48.2

Consumption of fixed capital
Private
Government
General government
Government enterprises

.2
-.3
.5
.5
0

41.6

53.3
40.4
12.9
11.5
1.3

61.0
46.4
14.5
13.0
1.6

69.2
52.7
16.5
14.8
1.7

75.2
58.0
17.1
15.3
1.8

85.7
66.4
19.2
17.2
2.0

98.2
76.7
21.5
19.3
2.3

111.4
87.1
24.3

158.9

21.9
2.5

124.4
97.8
26.6
23.9
2.6

137.9
109.0

7.9
1.2

46.7
35.8
10.8
9.6
1.2

28.9
25.9
2.9

127.5
31.5
28.2
3.3

-5.2

-90.6

-86.4

-92.4

-95.8

-102.9

-107.9

-109.5

-113.9

-114.0

-127.7

-134.4

-134.3

2.4

18.7

5.1

3.1

13.2

9.5

-1.1

11.2

43.9

53.0

65.0

52.6

28.9

49.6

65.3

64.4

87.7

91.4

102.0

101.1

120.6

123.1

139.8

167.6

206.9

Government current surplus or deficit (-),
national income and product accounts
Statistical discrepancy
GROSS SAVING AND STATISTICAL
DISCREPANCY




32.6
9.1

SURVEY OF CURRENT BUSINESS

44

December 1999

National Income and Product Accounts Tables
This section presents the revised annual estimates for 1995-98 and the revised quarterly estimates for the
first quarter of 1996 through the third quarter of 1999 for most of the full set of national income and product
accounts (NIPA) tables; the estimates for GDP and other major NIPA series for 1959-99 are presented beginning on
page 132. These estimates reflect the recently released comprehensive revision of the NIPA'S, which is described
in the article that precedes this section.
The redesign of the NIPA tables was described in Brent R. Moulton and David F. Sullivan, "A Preview of
the 1999 Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables,"
SURVEY OF CURRENT BUSINESS 79 (September 1999): 15-28. Some of the table titles have changed slightly since
the publication of that article.
Tables 3.13, 3.15-3.20, 5.16, 8.28, and 9.1-9.6 are not yet available on the revised basis. Tables 3.13 and 8.28
are scheduled to be published in the January 2000 SURVEY. Tables 3.15-3.17 are scheduled to be published in the
SURVEY in the spring of 2000 along with an article that discusses the improved presentation of the estimates in
these tables. The remaining tables are scheduled to be published in the March 2000 SURVEY.
The historical NIPA estimates (for most tables, back to 1959), are available on the BEA Web site at
<www.bea.doc.gov> and on the STAT-USA Web site at <www.stat-usa.gov>.
The tables contain annual, quarterly, and monthly estimates, indicated as follows:
A
Q
QA
MA

Only annual estimates
Only quarterly estimates
Quarterly and annual estimates
Monthly and annual estimates

Table number and title
A
5.1
5.2

1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16

2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
2.10
2.11

Summary Tables
Summary National Income and Product Accounts, 1998
Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures: QA.
Summary of Contributions to Percent Change in Real Gross Domestic
Product: QA.
1. National Product and Income
Gross Domestic Product: QA
Real Gross Domestic Product: QA
Gross Domestic Product by Major Type of Product: QA
Real Gross Domestic Product by Major Type of Product: QA
Relation of Gross Domestic Product, Gross Domestic Purchases, and
Final Sales to Domestic Purchasers: QA.
Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers: QA.
Gross Domestic Product by Sector: QA
Real Gross Domestic Product by Sector: QA
Relation of Gross Domestic Product, Gross National Product, Net National Product, National income, and Personal Income: QA.
Relation of Real Gross Domestic Product, Real Gross National Product,
and Real Net National Product: QA.
Command-Basis Real Gross National Product: QA
Net Domestic Product by Sector: A
Real Net Domestic Product by Sector: A
National Income by Type of Income: QA
National Income by Sector, Legal Form of Organization, and Type of Income: A.
Gross Product of Corporate Business in Current Dollars and Gross
Product of Nonfinancial Corporate Business in Current and Chained
Dollars: QA.
2. Personal Income and Outlays
Personal Income and Its Disposition: QA
Personal Consumption Expenditures by Major Type of Product: QA
Real Personal Consumption Expenditures by Major Type of Product: QA
Personal Consumption Expenditures by Type of Expenditure: A
Real Personal Consumption Expenditures by Type of Expenditure: A ....
Personal Consumption Expenditures by Type of Product: A
Real Personal Consumption Expenditures by Type of Product: A
Personal Income by Type of Income: MA
Personal Income and Its Disposition: MA
Personal Consumption Expenditures by Major Type of Product: MA
Real Personal Consumption Expenditures by Major Type of Product:
MA.

* Table not published in this issue. See the introductory text.



Table number and title
46
48
48

49
49
50
50
51
51
51
51
52
52

3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
3.10
3.11
3.12
3.13
3.14
3.15

52
53
53
53
54

3.16
3.17
3.18B

55

3.19
3.20

56
57
57
58
59
60
61
62
63
64
64

4.1
4.2
4.3
4.4
4.5B

3. Government Current Receipts and Expenditures
Government Current Receipts and Expenditures: QA
Federal Government Current Receipts and Expenditures: QA
State and Local Government Current Receipts and Expenditures: QA ....
Personal Tax and Nontax Receipts: A
Indirect Business Tax and Nontax Accruals: A
Contributions for Social Insurance: A
Government Consumption Expenditures and Gross Investment by Type:
QA.
Real Government Consumption Expenditures and Gross Investment by
Type: QA.
Government Consumption Expenditures Gross and Net of Sales by
Type: A.
National Defense Consumption Expenditures and Gross Investment: QA
Real National Defense Consumption Expenditures and Gross Investment: QA.
Government Transfer Payments to Persons: A
Subsidies Less Current Surplus of Government Enterprises: A
Social Insurance Funds Current Receipts and Expenditures: A
Government Consumption Expenditures and Gross Investment by Function: A.
Government Current Expenditures by Function: A
Selected Government Current Expenditures by Function: A
Relation of Federal Government Current Receipts and Expenditures in
the National Income and Product Accounts to the Budget, Fiscal
Years: QA.
Relation of State and Local Government Current Receipts and Expenditures in the National Income and Product Accounts to Bureau of
Census Government Finances Data, Fiscal Years: A.
Relation of Commodity Credit Corporation Expenditures in the National
Income and Product Accounts to Commodity Credit Corporation Outlays in the Budget: A.
4. Foreign Transactions
Foreign Transactions in the National Income and Product Accounts: QA
Real Exports and Imports of Goods and Services and Receipts and
Payments of Income: QA.
Exports and Imports of Goods and Services by Type of Product: QA ....
Real Exports and Imports of Goods and Services by Type of Product:
QA.
Relation of Foreign Transactions in the National Income and Product
Accounts (NIPA's) to the Corresponding Items in the International
Transactions Accounts (ITA's): A.

65
66
67
68
68
68
69
70
71
72
73
74
(*)
74
(*)
(*)
(*)
()
(*)
(*)

75
75
76
77
78

December 1999

SURVEY OF CURRENT BUSINESS

5.13
5.14
5.15
5.16

6.1 C
6.2C
6.3C
6.4C
6.5C
6.6C
6.7C
6.8C
6.9C
6.10C
6.11C
6.12C
6.13C
6.14C
6.15C
6.16C
6.17C
6.18C
6.19C
6.20C
6.21 C
6.22C
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
7.13
7.14

5. Saving and Investment
Gross Saving and Investment: QA
Gross and Net Investment by Major Type: A
Real Gross and Net Investment by Major Type: A
Private Fixed Investment by Type: QA
Real Private Fixed Investment by Type: QA
Private Fixed Investment in Structures by Type: A
Real Private Fixed Investment in Structures by Type: A
Private Fixed Investment in Equipment and Software by Type: A
Real Private Fixed Investment in Equipment and Software by Type: A
Change in Private Inventories by Industry Group: QA
Real Change in Private Inventories by Industry Group: QA
Private Inventories and Domestic Final Sales of Business by Industry
Group: Q.
Real Private Inventories and Real Domestic Final Sales of Business by
Industry Group: Q.
Gross Government Fixed Investment by Type: A
Real Gross Government Fixed Investment by Type: A
Changes in Net Stock of Produced Assets (Fixed Assets and Inventories): A.
6. Income and Employment by Industry
National Income Without Capital Consumption Adjustment by Industry
Group: QA.
Compensation of Employees by Industry: A
Wage and Salary Accruals by Industry : A
Full-Time and Part-Time Employees by Industry: A
Full-Time Equivalent Employees by Industry: A
Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry: A.
Self-Employed Persons by Industry Group: A
Persons Engaged in Production by Industry: A
Hours Worked by Full-Time and Part-Time Employees by Industry
Group: A.
Employer Contributions for Social Insurance by Industry Group: A
Other Labor Income by Industry Group and by Type: A
Nonfarm Proprietors' Income by Industry Group: A
Noncorporate Capital Consumption Allowances by Industry Group: A
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of
Organization and Industry Group: A.
Net Interest by Industry Group: A
Corporate Profits by Industry Group: QA
Corporate Profits Before Tax by Industry: A
Federal, State, and Local Corporate Profits Tax Liability by Industry: A
Corporate Profits After Tax by Industry: A
Net Corporate Dividend Payments by Industry: A
Undistributed Corporate Profits by Industry: A
Corporate Capital Consumption Allowances by Industry: A
7. Quantity and Price Indexes
Quantity and Price Indexes for Gross Domestic Product: QA
Quantity and Price Indexes for Gross Domestic Product, Final Sales,
and Purchases: QA.
Quantity and Price Indexes for Gross National Product and CommandBasis Gross National Product: QA.
Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product: QA.
Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product: A.
Chain-Type Quantity and Price Indexes for Private Fixed Investment by
Type: QA.
Chain-Type Quantity and Price Indexes for Private Fixed Investment in
Structures by Type: A.
Chain-Type Quantity and Price Indexes for Private Fixed Investment in
Equipment and Software by Type: A.
Chain-Type Quantity and Price Indexes for Exports and Imports of
Goods and Services and for Receipts and Payments of Income: QA.
Chain-Type Quantity and Price Indexes for Exports and Imports of
Goods and Services by Type of Product: QA.
Chain-Type Quantity and Price Indexes for Government Consumption
Expenditures and Gross Investment by Type: QA.
Chain-Type Quantity and Price Indexes for National Defense Consumptic-n Expenditures and Gross Investment by Type: A.
Chain-Type Quantity and Price Indexes for Gross Government Fixed Investment by Type: A.
Chain-Type Quantity and Price Indexes for Gross Domestic Product by
Sector: QA.

* Table not published in this issue. See the introductory text.




45

Table number and title

Table number and title
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
5.10
5.11
5.12

•

7.15
79
80
80
81
81
82
82
83
83
84
84
85

8.1
8.2
8.3

85

8.4

86
86
(*)

8.5

7.16
7.17
7.18B
7.19

8.6
8.7

87
88
88
89
89
90

8.8B
8.9B
8.10
8.11
8.12
8.13

90
91
91

8.14
8.15

92
92
93
93
94

8.16
8.17
8.18
8.19
8.20

94 8.21
95 8.22
96
96
97 8.23
97
98
98 8.24
99
101

8.25

102

8.26

102
103
105

8.27
8.28

106
106
107

8.29

108

9.1
9.2

110

9.3

112

9.4

113

9.5

114

9.6

Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial
Corporate Business: QA.
Implicit Price Deflators for Private Inventories by Industry Group: Q
Chain-Type Quantity Indexes for Gross Domestic Product by Major
Type of Product: QA.
Chain-Type Quantity Indexes for Motor Vehicle Output: QA
Chain-Type Quantity Indexes for Gross and Net Investment by Major
Type: A.
8. Supplemental Tables
Percent Change from Preceding Period in Selected Series: QA
Contributions to Percent Change in Real Gross Domestic Product: QA
Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product: QA.
Contributions to Percent Change in Real Private Fixed Investment by
Type: QA.
Contributions to Percent Change in Real Exports and in Real Imports of
Goods and Services by Type of Product: QA.
Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment by Type: QA.
Selected Per Capita Product and Income Series in Current and Chained
Dollars: QA.
Motor Vehicle Output: QA
Real Motor Vehicle Output: QA
Farm Sector Output, Gross Product, and National Income: A
Real Farm Sector Output, Real Gross Product, and Real Net Product: A
Housing Sector Output, Gross Product, and National Income: A
Real Housing Sector Output, Real Gross Product, and Real Net Product: A.
Consumption of Fixed Capital by Legal Form of Organization: A
Capital Consumption Adjustment by Legal Form of Organization and
Type of Adjustment: A.
Business Transfer Payments by Type: A
Supplements to Wages and Salaries by Type: A
Rental Income of Persons by Type: A
Dividends Paid and Received by Sector: A
Interest Paid and Received by Sector and Legal Form of Organization:
A.
Imputations in the National Income and Product Accounts: A
Relation of Consumption of Fixed Capital in the National Income and
Product Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal Revenue Service (IRS): A.
Relation of Nonfarm Proprietors' Income in the National Income and
Product Accounts (NIPA's) to Corresponding Measures as Published
by the Internal Revenue Service (IRS): A.
Relation of Net Farm Income in the National Income and Product Accounts (NIPA's) to Net Farm Income as Published by the U.S. Department of Agriculture (USDA): A.
Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts (NIPA's) to Corresponding Measures as
Published by the Internal Revenue Service (IRS): A.
Relation of Monetary Interest Paid and Received in the National Income
and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS): A.
Relation of Wages and Salaries in the National Income and Product Accounts (NIPA's) to Wages and Salaries as Published by the Bureau
of Labor Statistics (BLS): A.
Comparison of Personal Income in the National Income and Product
Accounts (NIPA's) with Adjusted Gross Income as Published by the
Internal Revenue Service (IRS): A.
Capital Transfers (Net): A
9. Seasonally Unadjusted Estimates
Gross Domestic Product, Not Seasonally Adjusted: Q
Personal Consumption Expenditures by Major Type of Product, Not
Seasonally Adjusted: Q.
Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted: Q.
State and Local Government Current Receipts and Expenditures, Not
Seasonally Adjusted: Q.
Foreign Transactions in the National Income and Product Accounts, Not
Seasonally Adjusted: Q.
Corporate Profits with Inventory Valuation Adjustment, Not Seasonally
Adjusted: Q.

114
115
115
116
117

118
120
121
121
122
122
123
123
124
125
125
125
125
126
126
126
126
127
127
127
128
130
130
130
130
131
131
(*)
131
(*)
(*)
(*)
0
(*)
(*)

46

SURVEY OF CURRENT BUSINESS

• December 1999

Summary TablesTable A.—Summary National Income and Product Accounts, 1998
[Billions of dollars]
Account 1.—National Income and Product Account
Line

Line
5,011.2
4,189.5
4,186.0
3.5
821.7
306.0
515.7

Compensation of employees
Wage and salary accruals
Disbursements (2-7)
Wage accruals less disbursements (3-8 and 5-5)
Supplements to wages and salaries
Employer contributions for social insurance (3-16)
Other labor income (2-8)
Proprietors' income with inventory valuation and capital consumption
adjustments (2-9)
9 Rental income of persons with capital consumption adjustment (2-10)
10 Corporate profits with inventory valuation and capital consumption
adjustments
11
Corporate profits with inventory valuation adjustment
12
Profits before tax
13
Profits tax liability (3-13)
14
Profits after tax
15
Dividends (2-12)
16
Undistributed profits
17
Inventory valuation adjustment
18
Capital consumption adjustment
19 Net interest (2-15)

606.1
137.4
846.1
802.8
781.9
240.2
541.7
348.6
193.1
20.9
43.3

36 Personal consumption expenditures (2-3)
Durable goods .
37
Nondurable goo
38
Services ....
39

5,848.6
1,708.9
3,441.5

40 Gross private domestic investment (5-1)
41
Fixed investment
42
Nonresidential
43
Structures
44
Equipment and software
45
Residential
46
Change in private inventories

1,531.2

47 Net exports of goods and services
48
Exports (4-1)
Imports (4-3)
49

-149.6

50 Government consumption expenditures and gross investment (3-1
and 5-2)
51
Federal
52
National defense
53
Nondefense
•
54
State and local

1,460.0
1,091.3
272.8
818.5
368.7
71.2

966.3

1,115.9

1,529.7
538.7
348.6
190.1

435.7

20 National income

7,036.4

21 Business transfer payments
22
To persons (2-19)
23
To the rest of the world (4-8)
24 Indirect business tax and nontax liability (3-14)
25 Less:. Subsidies less current surplus of government enterprises (3-7)
26 Consumption of fixed capital (5-7)
Private (5-8)
27
28
Government (5-9)
29
General government (5-10)
30
Government enterprises (5-11)
31 Gross national income

38.1
28.8
9.3
677.0

20.8
1,066.9
880.8
186.2
158.6
27.6
8,797.6

32 Less: Income receipts from the rest of the world (4-2)

285.3

33 Plus: Income payments to the rest of the world (4-4)

295.2

34 Gross domestic income

8,807.5

35 Statistical discrepancy (5-13)

-47.6

GROSS DOMESTIC PRODUCT

GROSS DOMESTIC PRODUCT

8,759.9

8,759.9

Account 2.—Personal Income and Outlay Account
Line

Line
Personal tax and nontax payments (3-12)
Personal outlays
Personal consumption expenditures (1-36)
Interest paid by persons (2-17)
Personal transfer payments to the rest of the world (net) (4-6)
Personal saving (5-4)

1,072.6
6,056.6
5,848.6
185.7
22.3
229.7

PERSONAL TAXES, OUTLAYS, AND SAVING

7,358.9




7 Wage and salary disbursements (1-3)
8 Other labor income (1-7)
9 Proprietors' income with inventory valuation and capital consumption
10
11
12
13
14
15
16
17
18
19
20
21

adjustments (1-8)
Rental income of persons with capital consumption adjustment (1-9)
Personal dividend income
Dividends (1-15)
Less: Dividends received by government (3-6)
Personal interest income
Net interest (1-19)
Net interest paid by government (3-5)
Interest paid by persons (2-4)
Transfer payments to persons
From business (1-22)
From government (3-3)
Less: Personal contributions for social insurance (3-17)
PERSONAL INCOME

4,186.0
515.7
606.1
137.4
348.3
348.6
.3
897.8
435.7
276.4
185.7
983.6
28.8
954.8
315.9
7,358.9

SURVEY OF CURRENT BUSINESS

December 1999

•

47

Table A.—Summary National Income and Product Accounts, 1998—Continued
[Billions of dollars]
Account 3.—Government Receipts and Expenditures Account
Line

Line
Consumption expenditures (1-50)

Personal tax and nontax payments (2-1)

1,261.0

1,072.6

Transfer payments
To persons (2-20)
To the rest of the world (net) (4-7)

965.2
954.8
10.4

Corporate profits tax liability (1-13)

240.2

Indirect business tax and nontax liability (1-24)

677.0

Net interest paid (2-16)

276.4

Contributions for social insurance
Employer (1-6)
Personal (2-21)

621.9
306.0
315.9

.3

Less: Dividends received by government (2-13)
Subsidies less current surplus of government enterprises (1-25)
Less: Wage accruals less disbursements (1-4)

20.8
.0

Current surplus or deficit (-), national income and product accounts
(5-12)
Federal
State and local
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS

88.7
46.9
41.7
GOVERNMENT CURRENT RECEIPTS .

2,611.8

2,611.8

Account 4.—Foreign Transactions Account
Line

Line
Exports of goods and services (1-48)
Income receipts (1-32)

966.3

Imports of goods and services (1-49)

285.3

Income payments (1-33)

1,115.9
295.2

Transfer payments to the rest of the world (net)
From persons (net) (2-5)
From government (net) (3-4)
From business (1-23)
Net foreign investment (5-3)
RECEIPTS FROM THE REST OF THE WORLD

1,251.6

PAYMENTS TO THE REST OF THE WORLD

42.0
22.3
10.4

9.3
-201.5
1,251.6

Account 5.—Gross Saving and Investment Account
Line

Line
Gross private domestic investment (1-40)
Gross government investment (1-50)
Net foreign investment (4-9)

Personal saving (2-6)

1,531.2
268.7

Wage accruals less disbursements (private) (1-4)

-201.5

Undistributed corporate profits with inventory valuation and capital
consumption adjustments

7
8
9
10
11
12

13
GROSS INVESTMENT

1,598.4

NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For
example, line 7 of account 1 is shown as "other labor income (2-8)"; the counterentry is shown
in account 2, line 8.




229.7

Consumption of fixed capital (1-26)
Private (1-27)
,
Government (1-28)
'.
General government (1-29)
Government enterprises (1-30) ...

3.5
257.2
1,066.9
880.8

186.2
158.6
27.6

Government current surplus or deficit (-), national income and
product accounts (3-9)
Statistical discrepancy (1-35)
GROSS SAVING AND STATISTICAL DISCREPANCY

88.7
-47.6

V

48

SURVEY OF CURRENT BUSINESS

• December 1999

Table S.I—Summary of Percent Change From Preceding Period in Reai Gross Domestic Product and Related Measures
[Percent]
oeaauiiaiiy aujuaieu ai annual laics
Line

1995

1996

1997

1998

1996

1

II

1997

Hi

IV

I

II

1998

IV

III

1

II

1999

III

IV

1

II

III

1

2.7

3.7

4.5

4.3

2.9

6.9

2.2

4.9

4.9

5.1

4.0

3.1

6.7

2.1

3.8

5.9

3.7

1.9

5.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2
3
4
5

3.0
4.6
3.0
2.8

3.3
5.6
2.9
3.0

3.7
6.6
2.9
3.6

4.9

3.3
4.1
2.4
3.7

4.5

2.2

4.9

1.8

6.6

6.1

6.5

-1.5

10.9

-1.5

20.2

16.9

11.2

20.4

12.4

2.2
2.9

3.8
4.3

-.2
3.5

5.7
4.5

5.8
3.3

6.7
4.8

3.9
4.1
2.4
4.7

4.6

4.2
3.0

3.4
5.0
.3
4.6

5.6

13.0

3.2
5.0
4.0
2.4

5.0
1.5

8.9
4.2

5.1
9.1
3.3
5.2

4.6
7.7
3.5
4.5

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

6
7
8
9
10

3.0
6.0
9.8
4.8

22.5
13.9
11.6
10.5
12.0
20.6

16.5

14.0

22.0

1.0

2.0
0

3.6
9.1
7.8

14.0

1Z5
12.1

11.5
13.8
15.3

-2.1

5.7

7.1

-6.6

5.8

10.1

-4.0
15.2

12.0
16.0
11.2
17.7

33.4
23.4
26.7

10.4

6.6
9.9

.6

34.7
14.0

13.8
13.6

2.4
3.0

18.6

4.7

9.8

-5.8
12.5
12.9

-5.3
11.2

3.0

8.0
4.1
3.2
4.3
2.8
6.6

-4.7

7.9
9.6
8.0

8.8

16.2
18.3
11.1
19.1
21.2

11.5
13.0

1.8
3.5

-1.5
-2.8

-4.0
-8.8

-1.7

1.6

16.1
19.4

-5.5
-9.3

7.6

-2.5

1.7

8.8

-8.8

8.6

4.1

4.0
4.3
3.2

5.2
5.2
5.3

14.4
14.0
16.7

13.0
13.6

10.8
12.8

14.4
15.5

1.6

12.5
12.6
11.9

8.9

1.7

2.9

5.1

1.3

4.2

Gross domestic product...

............

11
12

Net exports of goods and services
Exports
Goods
Services

13
14

Goods7ZZZZZZZZZZZIZZZZZ.
Services

11.3

4.0
4.0

7.1

9.0
9.3

11.5

10.0

10.7

11.7
11.8
12.7

7.1

8.5

4.1

11.5
-3.6

11.0

11.5

15.8

12.0
13.1
10.8
14.0

7.4

2.3

9.2

8.8

ia3

12.7
14.5

8.5

15
16
17
18
19

11.9

6.6
8.2
9.0
4.1

8.3
8.7
7.1
8.6
9.4
4.8

8.5

2.2
2.1
2.5

13.7
14.2
11.2

11.6
11.7
10.8

2.3

1.7

9.6
13.6

.7
6.2

7.5

10.0
23.0

15.7
-1.0

5.9
^.1

29.0
24.3
41.0

2.3
4.9

6.9
4.3

3.5
7.9

-4.0
10.8
11.9

13.5
13.3
15.2

5.6

4.1

-6.7
14.4
14.9
11.8

3.3

7.5

8.3

6.6
7.0

13.3
-1.5
18.2
-4.8

5.5

11.7
15.8

6.3
7.5
0

14.4
-3.5
15.5
14.6
20.6

8.6

17.6
17.0
20.7

9.7

5.2
4.9
6.4

-2.3

2.5

1.7

5.7

1.7

-.1

-1.0

6.0

1.3

-1.3
-2.4

-2.8
-11.3
16.0

9.9
9.6

-1.3

3.9

-.5

2.1

3.9

7.0
-17.4

-2.9
17.8

-4.0

11.4
-8.1

3.4

3.5

2.4

3.0

3.3

2.3

6.1
8.2

-2.6
10.9

4.4

5.4
4.1

11.9
11.1
13.2

-2.3

-3.6

-4.2
-2.4
-7.7

-9.8
-17.0

10.3

.9

4.4

-

2.7
14.6
17.2

Government consumption expenditures and gross
investment.
Federal
National defense
Nondefense
State and local

20

.5

1.1

21
22
23
24

-2.7
-3.7

-.9

-.1

-.9

-1.3

-2.5

-1.9

9.6
7.0

8.7
7.7

-.5
2.5

0
2.4

4.6
3.8

1.0
3.2

14.9

10.8

-7.7
-8.1
-6.8

-.3

6.9

1.1

.8
4.9

Addenda:
Final sales of domestic product
Gross domestic purchases
Final sales to domestic purchasers

25
26
27

3.2
2.6
3.0

3.7
3.8
3.8

4.0
4.7
4.2

4.3
5.4
5.4

3.6
3.9
4.6

5.7
7.7
6.4

1.2
3.5
2.5

5.8
2.7
3.5

4.0
5.7
4.8

3.1
5.6
3.5

5.8
4.8
6.5

2.4
3.5
2.9

5.1
8.6
7.0

5.1
4.1
7.1

2.4
4.6
3.2

6.2
5.5
5.8

4.6
5.8
6.7

3.4
3.2
4.7

4.6
6.1
5.1

28
29

2.8
2.7

3.6
2.6

4.3
3.6

4.1
4.1

3.1
2.7

6.4
2.1

1.9
4.6

5.1
1.7

4.3
4.4

5.4
4.2

3.6
3.6

3.0
4.3

6.8
4.0

2.0
3.8

2.6
4.5

6.3
4.8

3.8
4.1

1.9
3.2

5.4
2.7

Gross national product
Disposable personal income

-2

NOTE.—Percent changes from preceding period in the current-dollar and price measures for these series are
shown in table 8.1.

Table 8.2,—Summary of Contributions to Percent Change in Real Gross Domestic Product
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1997

Percent change at annual rate:

2.7

3.7

4.5

4.3

2.9

6.9

2.2

4.9

4.9

5.1

4.0

3.1

6J

2.1

3.8

5.9

3.7

1.9

5.5

Personal consumption expenditures
Durable goods
Nondurable goods
Services

2.04
.37
.60
1.08

2.22
.44
.60
1.18

2.51
.51
.59
1.41

3.24
.86
.79
1.59

2.17

3.06

2.14
.39
.79
.96

3.28
.81
.78
1.69

1.24
-.11
-.02
1.38

4.29
1.42
1.11
1.76

2.22
.38
.06
1.78

3.75
1.24
1.15
1.37

4.27
.96
1.68
1.63

3.36

3.13

.84
1.28
1.85

2.64
.33
.49
1.83

3.13

.99
.86
1.22

1.41
-.12
.44
1.09

3.96

.32
.47
1.39

.71
.64
2.01

.71
1.80

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories

.47
.88
1.03
.13
.90
-.15
-.41

1.37
1.39
1.10
.20
.91
.29
-.02

1.82
1.31
1.22
.25
.97
.09
.50

1.93
1.86
1.49
.13
1.37
.37
.07

1.16
1.74
1.41
.28
1.13
.33
-.58

3.26
2.04
1.28
.29
.99
.76
1.22

2.50
1.43
1.47
.21
1.27
-.04
1.07

.15
.95
1.12

3.33
1.30
1.12
-.12
1.24
.19
2.02

.17
1.80
1.78
.32
1.45
.03
-1.63

1.30
.63
.38
.13
.24
.26
.66

5.04
3.45
2.91
.18
2.73
.54
1.59

-.85
1.95
1.42
.22
1.21
.53
-2.80

1.74
.34
.01
-.21
.22
.33
1.40

1.94
2.20
1.79
.18
1.61

.67

-.36

1.48
.94
-18
1.12
.53
-.80

1.10

.51
-.17
-.80

2.13
1.19
1.07
.24
.83
.12
.94

Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services

.12

-.14
.90
.68
.23
-1.04
-.94

-1.18
.25

-1.03
.26
.40

-J9
.77
.35
.42

-.44
.21

-1.55
-1.47
-.08

2.13
2.89
1.75
1.14
-.76
-.76
0

-.44
1.75
1.39

-1.43
-1.21
-.22

-1.29
.38
.61
-.23
-1.67
-1.45
-.22

-.79
.98
1.09

-1.90
-.16
-.22
.06
-1.74
-1.42
-.32

-2.01
-.45
-.73
.28
-1.56
-1.36
-.20

-.82
-.18
.12
-.30
-.65
-.51
-.13

.33
1.65
1.38
.27
-1.32

-.09

-.25
1.40
1.12
.28
-1.65
-1.43
-.22

-s77

1.07
.86
.20
-.95
-.87
-.08

.21

.42

.31

1.37

-.41

.47

-.01

-.16

1.03

.23

.51

.87

-.06
-.06
0
.28

-.01
-.11

-.06
-.08
.02
.37

-.54
-.38

-.08
-.10
.02
.55

-.28

-.64
-.76
.12

-.14
.27
-.42
.37

.24
-.12
.36
.28

-.03
-.16
.13

Gross domestic product
Percentage points at annual rates:

Government consumption expenditures and
gross Investment
Federal
National defense
Nondefense
State and local

-.20
-.19

-.01
.29

.10
.43

.17
.08

-.14
-1.29
-1.18

NOTE.—More detailed contributions to percent change in real gross domestic product are shown in table 8.2.
Contributions to percent change in major components of real gross domestic product are shown in tables 8.3 through
8.6.




-.16
.13

.61

1.29
1.04
.25

-.12

.36

-1.77

-2.06

-.38

-2.19
-2.02
-.17

.32

1.02

.31

-.18
-.52
.34
.50

.63
.40
.23
.39

-1.39

.29

-1.67

-.08
-.64
-.54

-.39

-.11

-.01

-.10

-.08
.40

-.17
.27

.48

1.51
.98
.64

.41
-.26

-1.29
-.03

-2.13
-.61
-.74
.13
-1.52
-1.28
-.24

.90

.62

-.16
1.02
.24
-1.46

2.32
1.40
1.61
-.04
1.65
-.22
.92

-1.35
.42
.32

-.65
1.21
1.12

.86

.to
-1.77
-1.59
-.19

.09
-1.86

-1.83
-.04

.76
.13
-.10
.23
.10

.24
.43
-.19
.51

SURVEY OF CURRENT BUSINESS

December 1999

•

49

ie National Product and IncomeTable 11.—Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line

Clross domestic product
Persona! consumption expenditures
Durable goods
Nondurable goods

1995

1997

1996

1998

Services ......

7,400.5 7,813.2 8,300.8 8,759.9 7,629.6 7,782.7

7,859.0 7,981.4 8,125.9 8,259.5 8,364.5
5,263.7 5,337.9

1,143.8

Gross private domestic investment

Exports
Goods
Services

Services
Government consumption expenditures and gross

8,610.6 8,683.7 8,797.9

8,947.6 9,072.7 9,146.2 9,295.3

5,466.3 5,569.1 5,631.3 5,714.7 5,816.2 5,889.6 5,973.7 6,090.8 6,200.8 6,299.6

621.3 616.7 621.5 636.1 627.8 651.9 655.8 679.2 693.9 696.9 722.8 739.0 751.6 761.8
1,569.4 1,578.8 1,608.4 1,630.5 1,627.1 1,652.3 1,657.1 1,674.6 1,701.2 1,716.6 1,742.9 1,787.8 1,824.8 1,853.5
3,027.4 3,068.2 3,107.9 3,164.2 3,211.4 3,265.0 3,318.5 3,360.9 3,421.1 3,476.1 3,508.0 3,564.0 3,624.3 3,684.3

1,242.7 1,383.7 1,531.2 1,172.4 1,231.5 1,282.6 1,284.3 1,327.0 1,392.2 1,395.9 1,419.6 1,514.3 1,495.0 1,535.3 1,580.3 1,594.3 1,585.4 1,636.0

1,110.7 1,212.7 1,315.4 1,460.0 1,165.6 1,201.7
899.4
865.1
885.4
825.1
986.1 1,091.3
225.0
213.4
220.0
204.6
254.1
272.8
674.4
651.7
665.4
620.5
732.1
818.5
313.3
300.5
316.3
285.6
329.2
368.7
30.0
6.8
29.8
33.0
68.3
71.2

.....

1997

4,969.0 5,237.5 5524 4 5,848.6 5,130.5 5,218.0
606.4
589.7
698.2
616.5
642.9
1,497.3 1,574.1 1,641.7 1,708.9 1,539.6
2,882.0 3,047.0 3,239.8 3,441.5 2,984.4

.

Fixed investment
Nonresidential
Structures
Equipment and software
Residential
Change in private inventories
Net exports of goods and services ,

1996

1,232.6 1,250.9 1,274.1 1,299.6 1,338.3 1,349.4 1,415.4 1,454.2 1,461.7 1,508.9 1,543.3 1,567.8 1,599.1
913.6
933.7
952.7
972.7 1,007.7 1,011.4 1,065.9 1,090.8 1,087.2 1,121.4 1,139.9 1,155.4 1,187.9
267.4
272.5
273.7
226.3
240.3
247.6
247.8
263.1
274.0
271.7
278.0
274.7
257.8
798.4
882.9
914.3
687.3
693.4
705.2
724.9
748.3
816.8
815.4
843.4
865.2
749.9
349.5
412.4
411.2
319.0
317.2
321.4
326.8
338.0
363.4
374.5
387.5
403.4
330.7
98.9
36.9
50.0
33.5
52.9
92.6
70.2
40.8
73.7
71.4
51.0
57.6
17.6

-84.3

-89.0

-149.6

-75.8

-39.8

-110.6

818.6
583.8
234.7
902.8
757.6
145.2

874.2
968.0
966.3
618.4
689.0
681.3
255.8
279.0
285.1
963.1 1,056.3 1,115.9
808.3
885.1
930.4
154.8
171.2
185.5

853.3
607.8
245.5
929.1
778.6
150.5

864.7
611.4
253.3
954.5
801.9
152.6

865.6
615.4
250.1
976.1
818.6
157.5

-88.3

1,372.0

1,421.9

1,481.0

521.5
350.6
170.9
850.5

531.6
357.0
174.6
890.4

537.8
352.5
185.3
943.2

-79.7

-90.6

-77.5

-97.4

-117.4

-153.9

-165.7

-161.2

-201.6

-245.8

-276.7

978.2 1,008.7
974.3
913.1
929.6
965.3
988.6
960.1
949.1
981.8
966.9
692.8
680.5
707.3
639.0
659.4
685.7
704.8
706.0
671.8
667.2
693.3
674.3
281.5
297.7
301.4
274.0
270.2
279.6
283.8
282.6
288.2
281.9
288.6
2926
992.8 1,017.3 1,042.8 1,079.2 1,086.0 1,091.7 1,114.0 1,114.8 1,143.1 1,168.5 1,224.0 1,285.4
912.8
834.3
852.3
874.1
904.3
909.7
928.9
927.2
952.6
974.3 1,022.3 1,079.0
178.9
201.7
206.4
158.5
165.0
168.7
174.9
176.3
185.1
187.7
190.4
194.2

1,529.7 1,402.6 1,423.0 1,423.4 1,438.9 1,455.8 1,478.6 1,490.1 1,499.5 1,499.0 1,526.5 1,538.7 1,554.8 1,589.1 1,605.9 1,636.4

IIIVOOUIBVIIM

Federal
National defense
Nondefense ..
State and local .

538.7
348.6
190.1
991.0

530.6
356.1
174.5
872.0

537.2
361.3
175.9
885.7

529.1
355.6
173.5
894.3

530.2
347.0
183.2
925.6

529.4
355.0
174.5
909.4

543.0
354.9
188.1
935.6

540.9
354.5
186.4
949.2

537.1
353.6
183.5
962.3

526.1
338.9
187.2
972.9

542.2
347.9
194.3
984.2

539.7
546.7 557.4
354.7
352.9 355.8
185.0
193.8
201.6
999.0 1,008.1 1,031.8

561.6 569.5
354.3 365.7
207.3 203.8
1,044.3 1,067.0

NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.2.—Real Gross Domestic Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

Durable goods
Nondurable goods
.

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

1997

1998

7,537.1 7,813.2 8,165.1 8,516.3 7,671.4 7,800.5 7,843.3 7,937.5 8,033.4 8,134.8 8,214.8 8,277.3 8,412.7

Gross domestic product
Personal consumption expenditures

Services ......

1997

1995

5,070.1 5,237.5

5,433.7 5,698.6 5,170.3 5,227.5 5,255.4 5,296.8 5,361.1 5,385.1 5,471.8 5,517.1 5,592.3

8,659.2 8,737.9 8,778.6 8,897.7

5,675.6 5,730.7 5,795.8

5,961.8 6,028.8

583.5
1,529.0
2,957.8

616.5 657.4 731.5 601.7 620.4 618.1 625.7 642.1 639.7 669.7 678.0 704.9 723.9 731.2 766.0 788.8 806.1 821.2
1,574.1 1,619.9 1,685.3 1,553.9 1,569.9 1,578.6 1,593.9 1,609.0 1,608.2 1,630.7 1,631.8 1,654.9 1,681.9 1,692.0 1,712.6 1,749.5 1,763.7 1,778.8
3,322.0 3,356.5 3,399.2 3,436.7
3,047.0 3,166.7 3,284.5 3,014.8 3,037.2 3,058.8 3,077.2 3,110.1 3,137.0 3,172.0 3,207.8 3,234.2 3,272.2

1,140.6

1,242.7

1,385.8

1,547.4

1,172.3

1,233.4

1,281.4

1,283.7

1,326.5

1,394.1

1,397.6

1,424.9

1,531.5

1,513.1

1,551.1

1,593.9

1,109.2 1,212.7 1,316.0 1,471.8 1,165.2 1,203.7 1,231.6 1,250.2 1,274.1 1,300.6 1,337.9 1,351.3 1,424.2 1,466.7 1,474.0 1,522.5
914.3
885.6
861.6
899.4
817.5
957.9
936.2
995.7 1,122.5
980.8 1,018.0 1,026.1 1,088.6 1,120.2 1,120.3 1,160.8
225.4
221.3
215.9
225.0
210.1
256.4
252.1
248.6
242.0
237.3
254.1
244.0
255.7
252.1
245.9
239.5
688.9
664.3
645.8
674.4
607.6
865.5
837.9
777.8
715.8
698.8
870.6
751.9
908.5
870.6
772.3
741.5
317.3
318.1
303.6
313.3
291.7
347.4
336.5
325.7
316.3
314.0
350.2
320.6
362.6
354.2
320.5
320.0
51.2
30.3
5.6
30.0
30.4
43.1
107.3
72.7
51.5
32.9
74.3
69.1
70.7
76.1
59.2
93.1

-79.2

-89.0

-215.1

-75.6

-90.6 -115.8

807.4
566.6
238.8
886.6
739.1
147.7

985.4 1,007.1
874.2
708.1
618.4
722.8
277.5
255.8
284.4
963.1 1,095.2 1,222.2
923.2 1,031.6
606.3
172.1
154.8
190.7

845.6
599.2
246.4
921.1
769.7
151.5

859.8
605.5
254.3
950.4
797.4
153.0

867.1
617.2
249.9
982.9
825.6
157.3

-109.8

-73.9

-90.8

-100.9

-11&7

-128.7

-171.7

-218.4

-237.9

1,608.2

1,599.8

1,653.0

1,555.9 1,581.0 1,612.7
1,182.7 1,202.9 1,241.0
251.9
247.5
248.5
935.7
960.9 1,001.9
373.7
374.1
378.8
50.1
33.9
14.0

-232.6 -284.5

-319.0

-336.7

924.2
997.2
943.9
993.0 1,030.8 1,016.4 1,026.4 1,055.2
979.9 1,006.8 1,011.2 1,007.3
651.7
731.0
674.0
725.9
724.7
702.9
709.3
712.0 744.2 726.4 734.1 761.6
272.4
280.5
269.9
281.7
282.3
277.1
292.2
294.1
289.9
287.0
287.7
281.1
998.1 1,034.7 1,080.8 1,125.5 1,139.9 1,179.0 1,215.6 1,231.0 1,263.1 1,300.9 1,345.4 1,391.9
840.7
869.8
912.6
993.2 1,025.5 1,037.9 1,069.7 1,102.0 1,142.5 1,188.8
961.2
949.1
157.3
164.9
168.3
185.8
178.7
176.4
203.7
199.4
193.1
193.8
204.5
190.1

1,405.9

1,421.9

1,455.1

1,480.3

1,404.4

1,430.2

1,422.1

1,431.0

1,437.0

1,457.1

1,463.3

1,463.0

1,459.2

1,480.7

1,485.3

1,495.9

1,514.6

1,519.5

1,535.4

536.4
361.9
174.5

531.6
357.0
174.6
890.4

530.9
348.3
182.7
924.1

526.1
341.7
184.4
953.9

529.0
356.4
172.7
875.4

540.1
363.0
177.2
890.1

529.5
355.4
174.1

527.7
353.3
174.4
903.4

523.9
342.9
181.0
913.1

536.4
350.8
185.5
920.7

534.6
350.7
183.9

528.8
348.6
180.2
934.1

515.4
332.7
182.6
943.6

530.1
341.6
188.4
950.5

527.0
347.5
179.6
958.1

532.0
344.9
187.1

531.4
341.4

982.9

534.2
339.2
194.9
985.1

539.3
348.5
190.8
995.8

-.2

.1

.9

1.2

-.7

-1.3

-.3

-.2

-2.6

4.9

2.9

-2.2

2.6

8.1

6.1

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.




8,457.2

Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table are shown in table 7.1.

December 1999

SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1996

1997

I
Gross domestic product

7,400.5

Final sales of domestic product.
Change in private inventories ....

7,813.2

8,759.9

7,629.6

7,367.5 7,783.2 8,232.4 8,688.7 7,622.8
33.0
68.3
71.2
6.8
30.0

Goods .
Final sales
Change in private inventories .....

7,782.7

7,859.0

7,981.4

8,642.9 8,724.2 8,876.2 9,021.6
51.0
73.7
71.4
40.8

2,977.5

3,079.2

2,951.3

3,142.4

3,310.3

2,876.6

2,921.3 3,074.1
68.3
30.0

32391
71.2

2,869.8 2,915.4 2,927.5 2,972.4
6.8
29.8
50.0
33.5

Nondurable goods
Final sales
Change in private inventories

1,524.8

2,945.2

3,005.9

8,306.9
57.6
92.6

-.5

Services

3,985.1

Structures

617.3

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

270.3
7,130.3

1,600.3

1,682.1 1,742.5 1,567.6 1,596.5 1,599.6 1,637.5
1,589.4 1,649.3 1,710.2 1,571.0 1,585.6 1,588.3 1,612.7
24.8
10.9
11.3
32.8
-3.4
10.9
32.2
4,191.0 4,434.7

4,664.5

4,109.6 4,167.8 4,204.0

4,282.4

9,295.3

9,128.6 9,258.4
36.9
17.6

3,187.0

3,287.0

3,258.9

3,305.6

3,389.8

3,416.6

3,424.2

3,492.5

3,108.7
57.6

3,116.8 3,188.0
70.2
98.9

3,218.1
40.8

3,231.9
73.7

3,318.4
71.4

3,365.6 3,406.6
51.0
17.6

3,455.6
36.9

1,664.4
1,639.5

1,675.3 1,688.7
1,636.8 1,654.8

24.9

38.5

34.0

4,338.3

4,407.6

4,467.8
730.5

677.6

708.4

714.7

275.6
293.5
313.3
251.3
7,537.6 8,007.3 8,446.7 7,378.3

289.7
7,493.0

287.9
7,571.1

282.1
273.5
7,707.8 7,843.8

282.7
7,976.8

785.1

9,146.2

3,166.3

669.6

723.7

8,683.7

3,137.2

643.4

670.9

8,610.6

3,026.2 3,044.6
52.9
92.6

1,351.0 1,460.3 1,567.8 1,309.0 1,348.7 1,377.9 1,368.4 1,414.8 1,461.9 1,477.5 1,487.2
1,239.8 1,331.9 1,424.8 1,528.9 1,298.8 1,329.8 1,339.2 1,359.8 1,386.8 1,407.8 1,453.9 1,450.7
38.7
33.6
19.1
35.6
38.9
10.2
18.8
54.1
8.6
28.0
23.6
36.5

1,525.3

9,072.7

8,382.8 8,511.7
70.2
98.9

2,765.1
33.0
1,273.3

8,947.6

8,453.0

8,073.0
52.9

2,798.1

Durable goods
Final sales
Change in private inventories

8,797.9

8,125.9 8,259.5

7,752.9 7,809.0 7,947.9
29.8
50.0
33.5

1,562.3

1,506.0
56.3

1,724.6
1,666.1 1,682.0
33.7
42.6
4,524.9
741.2

301.6 307.3
8,062.9 8,145.7

1,539.3 1,559.7 1,610.0
1,518.2 1,519.9 1,571.4
21.1
39.8
38.6

1,608.3
1,584.3
24.1

1,607.9 1,655.8
1,601.7 1,634.3
21.4
6.3

1,719.6 1,745.9 1,779.8 1,808.3 1,816.3 1,836.7
1,699.9 1,712.1 1,747.0 1,781.3 1,804.9 1,821.3
11.4
33.9
27.0
15.4
32.8
19.7

4,563.8 4,646.1
759.8

778.8

304.7
8,305.9

296.9

4,700.4 4,747.9 4,820.7
791.9

809.9

4,962.8

835.3

839.9

355.0
306.1
345.3
325.0
330.9
8,491.7 8,602.2 8,747.6 8,815.3 8,940.3

NOTE.—Percent changes from preceding period for gross domestic product and for final sales of domestic product
are shown in table 8.1.

Table 1.4.—Real Gross Domestic Product by Major Type of Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

Gross domestic product «••••••••*•••••••
Final sales of domestic product
Change in private inventories
Residual
Goods ....
Final sales
Change in private inventories .,

1995

1996

1997

1998

7,537.1

7,813.2

8,165.1

8,516.3

7,505.5 7,783.2 8,095.7 8,441.3
30.4
74.3
69.1
30.0

1997

1996

7,671.4

7,800.5

7,664.6 7,770.9
5.6
30.3

7,843.3

7,937.5

8,033.4

8,134.8

7,793.5 7,903.7 7,981.1 8,042.0
51.2
93.1
51.5
32.9

1998

8,214.8

8,277.3

8,778.6

8,897.7

8,757.9 8,856.6
33.9
14.0

1.2

-.7

-1.4

.9

.8

-.3

.3

-1.6

3.7

.3

.2

2.6

6.7

7.2

2,879.4

2,942.3

2,976.3

3,007.1

3,071.4

3,130.2

3,167.5

3,196.2

3.3028

3,277.8

3,323.9

3,417.4

3,442.1

3,446.1

3,523.2

2,782.3 2,921.3 3,071.6
30.4
69.1
30.0

3,255.1
74.3

2,872.4 2,912.8 2,926.4
51.2
5.6
30.3

2,973.6
32.9

3,018.9
51.5

93.1

3,107.9
59.2

3,122.7
72.7

3,195.9 3,231.5
107.3
43.1

1,551.0
^.6

4,090.6
632.9
1.1
275.3
7,261.8

3,246.9 3,346.2
70.7
76.1

3,390.0 3,427.5 3,483.1
33.9
14.0
50.1

1,589.3 1,619.1 1,686.7 1,693.5 1,699.5 1,759.7
1,547.4 1,568.0 1,578.1 1,646.9 1,668.7 1,693.5 1,737.4
22.3
40.7
6.5
25.1
39.6
57.1
21.3

1,604.9

1,600.3 1,660.8 1,708.1 1,576.7 1,593.3 1,596.8 1,634.4 1,650.7 1,653.2 1,664.6 1,674.9 1,700.0 1,690.5 1,707.1 1,734.6 1,752.0 1,750.4 1,769.3
1,589.4 1,627.1 1,672.6 1,580.0 1,582.5 1,585.6 1,609.5 1,626.4 1,614.2 1,629.1 1,638.7 1,650.5 1,665.7 1,671.2 1,703.1 1,725.2 1,738.5 1,751.7
11.7
12.7
25.0
-4.7
7.5
50.2
35.4
38.8
23.3
35.3
33.3
10.9
31.0
35.8
11.5
34.6
24.2
21.8
4,192.5
4,142.0
4,191.0 4,324.2 4,449.4
4,184.7
4,244.7 4,267.4 4,310.2 4,344.9 4,374.5 4,388.6 4,442.9 4,471.4 4,494.6 4,529.5 4,571.0 4,619.2
764.7
650.2
770.2
695.0 695.1 703.2 707.6 724.2
674.5
761.2
742.5
751.7
700.2
670.9
673.5
738.9
685.5
737.5
0

275.6
7,537.6

-.5

-4.0

1.2

253.4
315.7
293.7
7,871.4 8,200.9 7,418.1

-.6

-1.5

287.4
289.2
7,511.3 7,555.9

current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in private inventories is the difference between gross domestic product and the
sum of final sales of domestic product and of change in private inventories; The residual line following structures
is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and
of structures.




8,737.9

.7

1,549.3

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

8,659.2

8,459.6 8,588.3 8,685.2
70.7
50.1
76.1

33305

Nondurable goods
Final sales
Change in private inventories .

Residual

8,410.4
43.1

.3

0
2,951.3

1,264.8 1,351.0 1,481.0 1,625.0 1,302.8 1,349.0 1,379.5 1,372.6 1,420.7 1.477.5 1,503.6 1,522.1
1,231.8 1,331.9 1,445.0 1,585.1 1,292.5 1,330.2 1,340.8 1,364.0 1,392.5 1,422.9 1,479.8 1,485.0
38.7
18.7
10.2
39.7
35.8
54.3
8.7
19.1
33.3
23.8
36.9
28.1

Structures

8,457.2 8,536.0

3,141.3

1.2
2,813.8

Durable goods
Final sales
Change in private inventories .,

Services

8,412.7

8,155.3 8,204.3 8,307.0
72.7
59.2
107.3

.7

-.7

-1.4

280.0
272.5
7,664.9 7,753.4

282.8
7,851.9

301.2
7,913.8

.9

-1.2

-6.3

307.6
311.0
7,966.6 8,105.2

0
301.1
8,156.0

-3.2

-7.7

305.7
8,230.2

348.6
8,311.9

-5.8

329.0 335.7
8,409.3 8,443.6

-6.8
355.7
8,543.4

Percent changes from preceding period for gross domestic product and for final sales of domestic product are
shown in table 8.1
Chain-type quantity indexes for the series in this table are shown in table 7.17.

SURVEY OF CURRENT BUSINESS

December 1999

• 51

Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

!
Gross domestic product

1

Less: Exports of goods and services
Plus: Imports of goods and services

2
3

CQU8IS* G f O S S CIOfflQSTtlC P U f 0 i l f l S O S o»»e»»«o»«om*iio»»»»«»«a

4

Less: Change in private inventories

5

Equals: Final sales to domestic purchasers

6

II

III

!

IV

II

III

7,400.5 7,813.2 8,300.8 8,759.9 7,629.6 7,782.7 7,859.0 7,981.4 8,125.9 8,259.5 8 3 6 4 5
818.6
902.8

874.2
963.1

968.0
966.3
1,056.3 1,115.9

853.3
929.1

864.7
954.5

865.6
976.1

913.1
992.8

1999

1998

1997

1996

1998

IV

I

III

H

IV

I

II

III

8,453.0 8,610.6 8,683.7 8,797.9 8,947.6 9,072.7 9,146.2 9,295.3

988.6
988.6
974.3
929.6
965.3
1,017.3 1,042.8 1,079.2 1,086.0 1,091.7

978.2 1,008.7
981.8
966.9
949.1
960.1
1,114.0 1,114.8 1,143.1 1,168.5 1,224.0 1,285.4

7,484.8 7,902.1 8,389.1 8,909.5 7,705.4 7,872.4 7,969.6 8,061.1 8,213.6 8,337.0 8,455.1 8,550.4 8,728.0 8,837.7 8,963.6 9,108.8 9,274.2 9 3 9 2 0

9,572.0

17.6

36.9

33.0

30.0

68.3

6.8

71.2

29.8

50.0

52.9

33.5

92.6

57.6

70.2

40.8

98.9

73.7

71.4

51.0

7,451.7 7,872.1 8,320.7 88383 7,698.6 7,842.7 7,919.6 8,027.6 8,160.7 8,244.4 8,397.6 8,480.2 8,629.0 8,796.9 8,889.9 9,037/4 9,223.2 9,374.4 9,535.1

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

S
dross domestic product

1

Less: Exports of goods and services
Plus: Imports of goods and services

2
3

cQUdis* Gross oonOwStio puronflsos ••••••••••••••••••o»»»»»o

4

Less* Change in private inventories

5

Equals: Final sales to domestic purchasers

6

1997

1996

1998
II

III

I

IV

1999

1998
III

II

IV

I

III

II

IV

I

II

III

7,537.1 7,813.2 8,165.1 8,516.3 7,671.4 7,800.5 7,843.3 7,937.5 8,033.4 8,134.8 8,214.8 8,277.3 8,412.7 8,457.2 8,536.0 8,659.2 8,737.9 8,778.6 8,897.7
807.4
886.6

874.2
963.1

985.4 1,007.1
1,095.2 1,222.2

345.6
921.1

867.1
982.9

859.8
950.4

924.2
998.1

997.2
943.9
979.9 1,006.8 1,011.2 1,007.3
993.0 1,030.8 1,016.4 1,026.4 1,055.2
1,034.7 1,080.8 1,125.5 1,139.9 1,179.0 1,215.6 1,231.0 1,263.1 1,300.9 1,345.4 1,391.9

7,615.8 7,902.1 8,273.9 8,723.2 7,746.5 7,891.0 7,959.0 8,011.9 8,124.5 8 2 3 5 4
30.4

30.0

69.1

74.3

5.6

30.3

32.9

51.2

51.5

8,331.9 8,403.9 8,579.7 8,667.2 8,764.2 8,881.5 9,007.4 9,078.2 9,212.6

93.1

59.2

72.7

107.3

76.1

43.1

70.7

50.1

14.0

33.9

7,584.3 7,872.1 8,204.5 8,648.1 7,739.7 7,861.4 7,909.2 7,978.2 8,072.2 8,142.6 8,272.4 8,330.9 8,473.7 8,620.5 8,687.6 8,810.6 8,954.8 9,057.8 9,171.8
Percent changes from preceding period for selected series in this table are shown in table 8.1.
Chain-type quantity indexes for selected series in this table are shown in table 7.2.

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.

Table 1.7.—Gross Domestic Product by Sector
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1997

7,400.5 7,813.2

Gross domestic product.
Business l

1998

1997

1996

8,759.9 7,629.6 7,782.7

7,859.0 7,981.4 8,125.9

6,190.1 6,556.0 6,996.8 7,402.0 6,388.5 6,530.3 6,596.0 6,709.1 68388

Nonfarm 2 .
Nonfarm less housing
Housing
Farm

1998

8,364.5

8,610.6 8,683.7

8,797.9 8,947.6 9,072.7 9,146.2 9,295.3

6,961.6 7,054.5 7,132.4 7,274.4 7,333.6 7,432.1

7,568.0 7,669.1

7,729.4 7,859.9

7,048.3 7,201.5 7,258.8 7,351.6 7,475.5 7,580.5 7,645.3 7,780.9
6,116.9 6,463.8 6,908.8 7,321.9 6,301.6 6,435.5 6,498.2 6,619.8 6,747.3 6,872.6
5,499.4 5,820.9 6,240.1 6,621.4 5,668.3 5,797.3 5,852.0 5,966.2 6,086.3 6,205.5 6,295.5 6,373.2 6,518.0 6,564.8 6,645.4 6,757.5 6,850.3 6,906.2 7,031.5
675.2
671.3
667.1
661.0
668.6
642.8
749.4
739.1
730.2
718.0
694.0
683.5
646.2
700.4
706.2
653.7
633.2
638.2
617.5
84.0
87.7
91.4
92.2
88.0
78.9
84.1
88.6
92.5
74.8
72.9
97.7
80.2
80.6
89.3
86.9
94.8
73.2
348.6

366.2

385.6

341.9

346.0

350.5

355.8

12.0
336.5

12.1
354.1

14.0
371.6

12.1
329.8

12.0
334.0

12.0
338.6

11.9
343.8

880.1

908.7

937.8

972.3

899.3

906.4

912.5

916.5

286.8

292.0
616.7

293.7
644.0

296.9
675.4

292.0
607.2

292.5
613.9

292.6
619.9

290.9
625.6

Households and institutions
Private households
Nonprofit institutions
General government

1996

11.9
318.4

3

Federal
State and local .

1. Equals gross domestic product less gross product of households and institutions and of general government.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed capital

393.4

399.7

404.9

411.0

15.2
378.2

15.6
384.1

15.8
389.0

16.0
395.0

363.8

368.7

373.1

377.3

383.2

11.9
351.9

12.1
356.6

12.5
360.6

13.0
364.3

13.6
369.6

928.0

934.1

941.4

947.6

958.9

966.9

977.4

986.2 1,003.9 1,012.0 1,024.4

295.0
633.0

294.3
639.8

293.5
647.8

292.1
655.5

295.7
663.2

295.7
671.2

297.5
679.9

298.8
687.3

11.7
347.5

14.3
374.1

307.8

307.2
704.7

308.3
716.2

as shown in table 3.7.

Table 1.8.—Real Gross Domestic Product by Sector
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

1997

1995

1997

1999

IV
Gross domestic product
Business1

7,537.1

7,813.2 8,165.1 8,516.3 7,671.4

Nonfarm 2
Nonfarm less housing .
Housing
Farm
Households and Institutions .

7,843.3 7,937.5 8,033.4 8,134.8 8,214.8 8,277.3 8,412.7 8,457.2 8,536.0 8,659.2 8,737.9 8,778.6 8,897.7

7,223.2 6,426.7 6,540.9 6 5 8 2 3

6,289.1 6,556.0

I

6,674.0 6,764.7 6,860.0 6,934.8 6,995.8 7,125.9 7,166.2 7,241.0 7,359.5 7,432.8 7,469.1 7,581.2

6,203.5 6,463.8 6,786.3 7,121.8 6,336.9 6,448.1 6,489.7
66655 6,758.3 6,829.4 6,892.1 7,024.0 7,066.4 7,139.7 7,257.1 7,331.3 7,366.3 7,482.1
5,567.4 5,820.9 6,135.6 6,462.2 5,697.8 5,807.6 5,845.4 5,932.9 6,015.2 6,106.7 6,178.3 6,242.3 6,370.4 6,408.1 6,477.6
6,690.1 6,799.3
650.8
640.5
644.3
647.4
665.4
672.9
642.8
639.1
651.1
650.1
636.2
660.2
658.7
662.6
650.3
651.7
684.0
654.0
677.2
92.7
103.1
92.8
93.6
101.3
100.2
92.2
89.7
106.5
104.2
98.7
100.4
85.5
100.5
96.2
99.5
102.1
101.7
101.6
341.5

348.6

360.5

369.0

345.1

347.2

349.7

352.3

355.6

362.4

364.9

366.9

368.2

369.6

371.3

373.2

374.8

377.2

Private households
Nonprofit institutions

12.2
329.3

12.0
336.5

11.8
348.7

13.3
355.7

12.2
332.8

12.1
335.0

11.9
337.8

11.8
340.5

11.6
344.0

11.6
347.4

11.8
350.7

12.0
352.8

12.4
354.5

12.9
355.3

13.5
356.1

14.2
357.0

14.6
358.6

14.6
360.2

14.7
362.5

3

906.7

908.7

915.9

924.8

899.8

912.5

911.2

911.1

913.2

916.0

917.7

916.9

920.2

923.4

299.1
607.7

292.0
616.7

287.8
628.2

285.8
638.9

291.2

294.2
618.3

292.9
618.4

621.4

289.3
623.9

288.5
627.4

288.0
629.7

285.2
631.6

285.6
634.6

285.6
637.7

.1

-.9

-.3

-.1

.1

-1.3

-.9

-.5

General government
Federal
State and local
Residual

0

1. Equals gross domestic product less gross product of households and institutions and of general government.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.8.
NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996




936.2

941.2

286.1
643.4

285.5
647.7

284.5
651.5

284.5
656.6

-.9

-.9

-1.1

929.6
286.1
639.9

current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.14.

SURVEY OF CURRENT BUSINESS

$2 • December 1999

Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line

Gross domestic product

1995

1996

1997

232.3
211.9

245.6
227.5

1998

1997

8,759.9 7,629.6 7,782.7 7,859.0 7,981.4 8,125.9 8,259.5 8,364.5 8,453.0 8,610.6 8,683.7 8,797.9 8,947.6 9,072.7 9,146.2 9,295.3

7,400.5 7,813.2

Plus: Income receipts from the rest of the world
Less: Income payments to the rest of the world

1996

282.6
278.4

239.1
212.3

285.3
295.2

237.7
220.0

245.6
234.1

259.8
243.5

268.9
263.7

284.9
275.4

290.9
288.9

285.7
285.5

Less: Consumption of fixed capital
Private
Z.
Capital consumption allowances .
Less: Capital consumption adjustment
Government
General government
Government enterprises

912.2
744.1
729.3
-14.8
168.1
144.3
23.9

956.4 1,009.7 1,066.9
782.1 829.2 880.8
779.4 844.0 906.2
-2.7
14.8
25.4
174.3 180.5 186.2
149.2 154.2 158.6
26.3
27.6
25.0

937.9
765.6
758.1
-7.4
172.3
147.7
24.6

948.3
775.0
771.7
-5.3
173.3
148.5
24.8

962.8
787.8
786.2
-1.6
175.0
149.9
25.2

976.6
800.1
801.8
1.6
176.4
150.9
25.5

810.9
819.9
9.0
178.2
152.3
25.8

292.9
292.9

276.4
302.0

280.8
297.9

283.8
298.2

296.1
310.4

309.9
327.1

8.613.7 8,683.7 8,772.2 8,930.5 9,058.2 9,131.9 9,278.1

7,420.9 7,831.2 8,305.0 8,750.0 7,656.5 7,800.3 7,870.5 7,997.7 8,131.1 8,269.1 8,366.5

Equals: Gross national product ,

291.1
288.0

1,002.1 1,016.6 1,031.0 1,042.0 1,056.5 1,075.2 1,094.0 1,108.8 1,126.3 1,159.6
822.2 835.6 848.0 858.2 871.7 888.3 904.8 916.7 931.8 962.4
836.2 852.1 867.8 881.1 897.1 914.2 932.2 947.1 964.7 989.1
32.9
25.4
27.4
26.6
22.9
25.9
30.3
13.9
16.5
19.8
184.8
183.8
186.9 189.1 192.0 194.5 197.2
179.9 181.0 183.0
157.5
156.7
159.2 160.9
163.4 165.5 167.7
153.7 154.6 156.2
29.0
29.4
27.4
27.7
28.2
26.4
27.1
28.6
26.2
26.8

6,508.6 6,874.9 7,295.3 7,683.1 6,718.6 6,852.0 6,907.7 7,021.1 7,142.0 7,267.0 7,349.9 7,422.3 7,571.7 7,627.1 7,697.1 7,836.5 7,949.5 8005 6 8,118.4

Equals: Net national product
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government
enterprises.

33.5
26.5
22.2

620.0
34.4
32.8
22.6

645.8
36.9
-3.2
19.0

677.0
38.1
-47.6
20.8

33.6
34.4
23.3

613.2
34.3
49.6
22.9

615.7
34.6
25.1
22.0

Less: Corporate profits with inventory valuation and
capital consumption adjustments.
Net interest
Contributions for social insurance
Wage accruals less disbursements
Plus: Personal interest income
Personal dividend income
Government transfer payments to persons ...
Business transfer payments to persons
lalim

632.5
35.9
20.9
20.9

643.0
36.7
23.9
18.5

652.0
37.3
-17.5
16.8

655.4
37.7
-40.0
19.9

663.5
37.6
1.4
18.0

670.1
38.0
-41.5
17.1

676.6
38.2
-87.9
16.9

697.8
38.6
-62.4
31.4

706.7 719.2
39.3
39.0
38.8
-99.4 -135.5 -144.8
27.9
17.4
21.0

6,341.6 6,473.6 6,581.9 6,694.9 6,789.1 6,887.2 6,977.6 7,087.1 7,193.8 7,334.5 7,423.1 7,522.4

5,876.2 6,210.2 6,634.9 7,036.4 6,067.1 6,177.8

Equals: National income

644.3
35.2
22.3
22.2

668.3

753.9

837.9

846.1

737.2

748.9

754.8

389.8
533.2
16.4
792.5
254.0
860.1
25.8

386.3
555.8
3.6
810.6
297.4
902.4
26.4

412.5
588.2
-4.1
854.9
333.4
934.5
27.9

435.7
621.9
3.5
897.8
348.3
954.8
28.8

378.2
544.7
3.6
797.2
285.9
892.6
26.1

385.5
552.9
3.6
805.9
290.4
900.0
26.2

388.1
559.5
3.6
814.6
302.4
905.5
26.5

774.5

803.6

831.6

862.8

853.5

858.3

847.9

843.8

834.3

882.0

875.5

883.7

566.1
3.6
824.6
310.9
911.5
26.8

402.3
576.6
-4.1
835.7
320.3
929.0
27.4

411.8
583.4
-4.1
850.6
330.2
932.9
27.8

414.6
591.2
-4.1
859.7
338.5
936.8
28.1

421.2
601.5
-4.1
873.6
344.4
939.3
28.4

423.3
610.3
3.5
880.1
346.1
948.2
28.5

434.6
617.6
3.5
895.3
347.0
951.4
28.7

444.0
626.1
3.5
909.3
348.0
957.7
28.8

440.8
633.8
3.5
906.4
351.9
962.0
29.0

446.3
647.2
0
907.4
356.1
978.5
29.3

456.4
653.8
0
920.5
361.2
984.1
29.5

471.1
662.3
0
933.4
367.0
992.1
29.7

6,200.9 6,547.4 6,951.1 7,358.9 6,405.1 6,509.4 6,597.1 6,677.9 6,807.6 6,900.6 6,993.5 7,102.7 7,194.7 7,296.3 7,413.6 7,530.8 7,630.2 7,732.6 7,827.5

Addenda:
Gross domestic income
Gross national income
Net domestic product

9,009.9 9,172.0 9,281.7 9,440.1
7,374.0 7,780.3 8,303.9 8,807.5 7,595.2 7,733.1 7,833.9 7,959.1 8,105.0 8,235.7 8.382.0 8,493.0 8,609.1 8,725.2
7,394.4 7,798.4 8,308.2 8,797.6 7,622.1 7,750.7 7,845.4 7,975.4 8,110.2 8,245.2 8,384.0 8,493.3 8,612.3 8,725.1 8,860.2 8,992.8 9,157.6 9,267.4 9,422.9
7,853.6
7,136.8
7,257.4
7,347.9
7,568.5
7,722.7
7,291.1 7,693.0 6,691.8 6,834.4
7,422.1
7,627.2
7,963.9 8,019.9 8,135.7
7,004.8

Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Une

1995

1996

1997

I
1
Plus: income receipts from the rest of the world
Less: Income payments to the rest of the world

2
3

Equals: Gross national product

4

Less* Consumption of fixed capital

Private

Z

.'.HZ

Government
General government
Government enterprises
Eauals: Net national product

....

Addenda:
Gross domestic income1
Gross national income2
Net domestic product

5
6
7
8
9

1998

1997

1996

1998
II

III

IV

I

II

III

IV

I

II

1999
III

IV

I

II

III

7,537.1 7,813.2 8,165.1 8,516.3 7,671.4 7,800.5 7,843.3 7,937.5 8,033.4 8,134.8 8,214.8 8,277.3 8,412.7 8,457.2 8,536.0 8,659.2 8,737.9 8,778.6 8,897.7
236.5
215.5

245.6
227.5

278.1
274.4

279.2
289.6

240.5
213.3

238.4
220.6

245.3
233.9

258.1
242.2

265.6
261.0

280.9
271.7

285.9
284.5

280.1
280.3

285.5
283.4

286.9
287.7

270.3
295.8

274.0
291.3

276.0
290.7

286.6
301.1

298.7
316.0

7,558.0 7,831.2 8,168.8 8,506.0 7,698.7 7,818.3 7,854.7 7,953.3 8,038.1 8,144.0 8,216.2 8,277.2 8,414.8 8,456.6 8,510.6 8,641.9 8,723.3 8,764.3 8,880.6
913.0
743.3
169.7
145.4
24.2

956.4 1,009.7 1,074.2
782.1 832.1 899.8
174.3 179.5 185.4
149.2 153.6 158.4
25.9
26.9
25.0

938.2
765.7
172.5
147.7
24.7

950.0
776.3
173.6
148.7
24.9

962.3
787.4
174.9
149.8
25.1

975.0
799.1
176.1
150.8
25.3

988.0 1,002.0 1,016.7 1,032.1 1,048.7 1,065.3 1,082.4 1,100.6 1,117.8 1,140.5 1,178.0
810.5 824.0 838.8 854.8 873.9 891.1 908.4 925.8 941.6 962.8 999.1
177.5 178.8 180.1
181.5
183.0 184.5
186.1
187.8 189.6 191.4 193.3
151.9 153.0 154.1 155.3
156.4 157.7 159.0 160.5 161.9 163.5 165.1
25.8
25.6
26.1
26.3
26.5
26.8
27.1
27.3
27.9
28.2
27.6

10

6,645.2 6,874.9 7,159.3 7,432.5 6,760.5 68683 6,892.4 6,978.4 7,050.0 7,142.0 7,199.7 7,245.4 7,366.4 7,391.9 7,429.2 7,542.3 7,606.8 7,626.1 7,706.2

11
12
13

7,510.0 7,780.3 8,168.1 8,562.4 7,636.9 7,750.8 7,818.2 7,915.4 8.012.8 8,111.2 8,232.0 8,316.5 8,411.2 8,497.6 8,621.3 8,719.5 8,833.5 8,908.7 9,036.4
7,531.0 7,798.4 8,171.9 8,552.1 7,664.1 7,768.6 7,829.6 7,931.2 8,017.4 8,120.5 8,233.4 8,316.3 8,413.4 8,496.9 8,595.9 8,702.3 8,819.0 8,894.3 9,019.3
6,624.2 6,856.8 7,155.5 7,442.7 6,733.2 6,850.5 6,881.0 6,962.5 7,045.4 7,132.8 7,198.3 7,245.4 7,364.3 7,392.6 7,454.4 7,559.5 7,621.3 7,640.3 7,723.2

1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
NOTE.-Except as noted in footnotes 1 and 2, chained (1996) dollar series are calculated as the product of the
chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because

the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive.
The chain-type quantity index for gross national product is shown in table 7.3.

Table 1.11.—Command-Basis Real Gross National Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Une

1995

1996

1997

1998

1996
I

II

1997
III

IV

I

II

1998
III

IV

I

II

1999
III

IV

I

II

III

Gross national product

1

7,558.0 7,831.2 8,168.8 8,506.0 7,698.7 7,818.3 7,854.7 7,953.3 8,038.1 8,144.0 8,216.2 8,277.2 8,414.8 8,456.6 8,510.6 8,641.9 8,723.3 8,764.3 8,880.6

Less: Exports of goods and services and income

2

1,043.8 1,119.7 1,263.6 1,286.1 1,086.1 1,098.2 1,112.4 1,182.2 1,209.5 1,260.8 1,292.8 1,291.2 1,293.0 1,284.5 1,262.9 1,304.0 1,292.0 1,313.1 1,354.2

Plus: Command-basis exports of goods and services
and income receipts from the rest of the world K

3

1,038.8 1,119.7 1,283.6 1,340.0 1,085.7 1,099.1 1,117.2 1,176.7 1,212.5 1,283.1 1,319.2 1,319.8 1,340.9 1,338.0 1,320.3 1,360.7 1,355.0 1,365.2 1,394.7

Equals: Command-basis gross national product...

4

7,553.0 7,831.2 8,188.9 8,559.9 7,698.3 7,819.2 7,859.4 7,947.8 8,041.1 8,166.3 8,242.6 8,305.7 8,462.8 8,510.1 8,568.0 8,698.7 8,786.3 8,816.3 8,921.1

Addendum:
Terms of trade 2

5

99.5

100.0

101.6

104.2

100.0

100.1

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.




100.4

99.5

100.2

101.8

102.0

102.2

103.7

104.2

104.5

104.3

104.9

104.0

103.0

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for gross national product are shown in table 8.1.
Chain-type quantity indexes for the series in this table are shown in table 7.3.

SURVEY OF CURRENT BUSINESS

December 1999

•

53

Table 1.13.—Real Net Domestic Product by Sector

Table 1.12.—Net Domestic Product by Sector

[Billions of chained (1996) dollars]

[Billions of dollars]
Une

1995

1996

Nonfarm 2
Nonfarm less housing ....
Housing
Farm

7,291.1

7,693.0
6,493.6

61.9

53.1

330.3

348.6

366.2

385.6

Households and Institutions

11.9
318.4

12.0
336.5

12.1
354.1

14.0
371.6

48.6

Private households
Nonprofit institutions
General government3
Federal
State and local

Net domestic product
Business1
Nonfarm 2
Nonfarm less housing
Housing
Farm

5.373.6 5,682.0 6,079.5 6,440.6
5.155.4 5.533.5 5,868.4
504.8
526.6 545.9 572.1

Households and institutions

Une

1998

5,422.2 5,748.8 6,141.3

6,488.3

Net domestic product ..
Businessl

1997

735.8

759.4

783.6

206.9
528.9

211.0
548.4

211.7
571.8

Private households
Nonprofit institutions
General government3

214.4

Federal
State and local
Residual

1. Equals net domestic product less net product of households and institutions and of general government.
2. Equals net domestic business product less net farm product.
3. Equals compensation of general government employees as shown in table 3.7.

1995

1996

1997

1998

1

6.624.2 6.856.8 7,155.5 7,442.7

2

5,521.6 5,748.8 6,032.7 6,307.8

3
4
5
6

5,461.1 5,682.0 5,956.1 6,232.8
4.940.2 5,155.4 5.424.5 5,695.3
538.0
531.6
521.0
526.6
74.2
77.7
60.3
66.6

7

341.5

348.6

360.5

369.0

8
9

12.2
329.3

12.0
336.5

11.8
348.7

13.3
355.7

10

761.3

759.4

762.4

766.6

11
12

219.0
542.4

211.0
548.4

205.7
556.7

202.6
564.0

13

-.2

.1

-1.2

-.4

1. Equals net domestic product less net product of households and institutions and of general government.
2. Equals net domestic business product less net farm product.
3. Equals compensation of general government employees as shown in table 3.8.
NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.

Table 1.14.—National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates

Une

1995

1996

1997

1998

1998

1997

1999

IV
5,876.2 6,210.2 6,634.9 7,036.4 6,067.1 6,177.8

National income

Proprietors9 Income with Inventory valuation and
capital consumption adjustments.
Farm
Proprietors' income with inventory valuation
adjustment.
Capital consumption adjustment
Nonfarm
Proprietors'income
inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capita)
consumption adjustment
Rental income of persons
Capital consumption adjustment
Corporate profits with Inventory valuation and
capital consumption adjustments.
Corporate profits with inventory valuation
adjustment.
Profits before tax
Profits tax liability
Profits after tax
Dividends
;
Undistributed profits
Inventory valuation adjustment
Capita! consumption adjustment

,

497.7

544.7

578.6

606.1

525.9

546.6

553.5

553.0

569.1

575.1

582.9

587.3

586.6

594.2

606.4

637.1

22.2
30.2

34.3
42.1

29.5
37.2

25.1
32.7

31.1
39.0

36.3
44.2

38.0
45.8

31.7
39.5

32.5
40.3

30.2
37.9

28.9
36.6

26.3
34.0

17.5
25.2

18.7
26.4

229
30.5

41.1
48.6

32.5
39.6

34.1
41.2

21.4
29.3

-8.0
475.5
447.8
-1.5
29.2

-7.9

-7.7
549.1
504.2
.5
44.4

-7.6
581.0
532.2
1.2
47.6

-7.9
494.8
463.6
-.7

-7.6
521.4
483.4
-.2
38.1

-7.8

515.5
479.8
0
35.8

536.6
494.9
.3

-7.7
554.0
508.1
.5
45.5

-7.6
583.6
534.6

-7.5
596.0
547.4

46.9

-7.7
569.1
519.4
2.4
47.3

-7.7
575.5
527.6

41.4

-7.7
544.9
500.2
.9
43.7

-7.7
561.0
513.7
.4

31.9

-7.9
510.3
477.1
-.7
33.8

-7.9

476.0
-.4
34.9

.1
47.8

1.3
47.7

1.1
47.5

-7.2
607.5
558.9
.8
47.7

-7.1
621.2
573.8
-1.0
48.3

-7.9
632.2
585.3
-1.9
48.9

117.9

129.7

130.2

137.4

128.4

129.0

130.1

131.4

132.4

132.0

129.4

126.7

129.5

133.9

139.3

147.0

148.6

148.8

140.9

165.4
-47-5

177.4
-47.6

180.0
-49.9

188.6
-51.1

175.2
6

176.1
-47.0

178.2
-48.1

179.9
^8.5

181.5
-49.1

181.5
-49.4

179.8
-50.3

177.3
-50.6

179.6
-50.0

184.3
-50.5

190.7
-51.4

199.6
-52.6

202.5
-53.9

203.5
-54.7

200.7

510.5

653.6

753.9

837.9

846.1

737.2

748.9

754.8

774.5

803.6

831.6

862.8

847.9

843.8

834.3

882.0

875.5

883.7

650.2

729.4

803.2

802.8

715.3

724J

729.6

748.1

772.6

797.7

827.0

815.5

818.4

805.6

799.9

787.4

831.4

822.2

831.3

795.9
238.3
557.6
333.7
223.9
7.4
34.6

781.9
240.2
541.7
348.6
193.1
20.9
43.3

713.2
219.7
493.5
286.2
207.3
2.1
21.9

726.3
225.3
501.0
290.7
210.3
-1.7
24.2

724.9
224.0
500.9
302.7
198.2
4.7
25.2

741.0

211.0
457.5
254.2
203.3
-18.3
18.1

726.3
223.6
502.7
297.7
205.0
3.1
24.4

763.3
228.9
534.4
320.6
213.8
9.3
31.0

786.5
233.2
553.3
330.6
222.7
11.2
33.9

822.1
246.8
575.3
338.8
236.5
4.9
35.7

811.6
244.1
567.4
344.8
222.6
4.0
38.0

788.9
239.9
548.9
346.5
2025
29.5
39.9

792.0
241.1
550.9
347.3
203.6
13.6
42.4

780.1
244.3
535.8
348.4
187.4
19.8
43.9

766.7
235.6
531.0
352.2
178.8
20.8
46.9

818.1
248.0
570.1
356.4
213.7
13.3
50.6

835.8
254.4
581.4
361.5
219.9
-13.6
53.2

857.8
259.1
598.6
367.3
231.3
-26.5
52.4

386.3

412.5

435.7

378.2

385.5

388.1

402.3

411.8

414.6

421.2

423.3

434.6

444.0

440.8

446.3

456.4

471.1

457.3

530.2

599.6

605.8

517.6

523.6

530.8

548.9

574.7

598.7

634.0

621.0

624.6

715.7

776.1

845.3

876.5

762.3

771.3

775.8

795.1

819.6

842.1

861.3

858.2

874.1

872.1

876.1

883.6

923.4

916.7

932.7

203.1

232.5

265.9

257.2

231.3

232.9

228.1

237.7

254.1

267.9

277.2

264.6

271.9

259.5

251.1

246.5

277.6

259.5

257.2

512.6
-18.3
734.0

543.6

579.4
7.4

619.2
20.9
855.5

531.0
2.1
760.2

538.4
-1.7
772.9

547.7
4.7
771.1

557.4
7.1
788.0

565.6
9.3

574.3
11.2
830.9

584.1
4.9

593.6
4.0

856.4

854.3

602.2
29.5
844.6

612.6
13.6
858.5

625.0
19.8
856.3

637.1
20.8
862.8

645.8
13.3
910.1

657.2
-13.6
930.3

675.4
-26.5
959.2

Net Interest
Addenda:
Corporate profits after tax with inventory valuation
and capital consumption adjustments.
Net cash flow with inventory valuation and capital
consumption adjustments.
Undistributed profits with inventory valuation
and capital consumption adjustments.
Consumption of fixed capital
Less: Inventory valuation adjustment
Equals: Net cash flow




6,341.6 6,473.6 6,581.9 6,694.9 8,789.1 6,887.2 6,977.6 7,087.1 7,193.8 7,334.5 7,423.1 7,522.4

4,202.5 4,395.6 4,675.7 5,011.2 4,297.4 4,367.8 4,427.8 4,489.4 4,566.1 4,631.3 4,705.2 4,800.3 4,889.4 4,967.0 5,053.6 5,134.7 5,217.7 5,287.1 5,373.1
3,441.1 3,630.1 3,884.7 4,189.5 3,537.4 3,604.6 3,660.9 3,717.6 3,785.3 3,844.3 3,911.3 3,997.9 4,079.6 4,149.7 4,227.9 4,300.8 4,371.5 4.432.6 4,508.9
622.7
641.0
664.4
692.8
634.3
639.3 643.1 647.3 656.6 661.0 667.1 673.1 682.6 689.3 696.7 702.8 715.8 721.3 730.6
2,818.4 2,989.1 3,220.3 3,496.7 2,903.1 2,965.3 3,017.8 3,070.3 3,128.7 3,183.3 3,244.2 3,324.9 3.397.1 3,460.4 3.531.2 3,598.0 3,655.7 3,711.3 3,778.3
854.5
864.2
833.9
846.2
817.3
825.7
809.8
780.8
761.4
765.4
791.0
802.4
787.0
793.9
771.8
821.7
760.0
763.2
766.8
321.5
325.6
311.8
318.3
303.8
308.1
300.3
284.6
264.5
275.4
290.1
296.6
287.8
291.5
280.4
306.0
270.0
274.0
277.2
533.0
522.1
528.0
513.5
517.7
509.5
496.2
497.0
490.0
500.9
505.8
499.1
502.4
491.4
515.7
490.0
489.1
489.6

Compensation of employees
Wage and salary accruals
Government .
Other
Supplements to wages and salaries
Employer contributions for social insurance
Other labor income

3.1
773.1

838.0

225.6
515.4
311.3
204.1
7.1
26.4

810.3

616.0

618.3

54 • December 1999




SURVEY OF CURRENT BUSINESS
Table 115.—National Income by Sector, Legal Form of Organization, and Type of
Income
Une
National Income
Domestic business
Corporate business
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and capital consumption adjustments ..,
Profits before tax
Inventory valuation adjustment
CaDital consumDtion adjustment
Net interest
!

1995

1996

1997

5,876.2 6,210.2

6,634.9 7,036.4

4,789.8 5,084.1

5,847.0

3,4452 3,658.0 3,973.9 4,262.0
2,776.5 2,9122 3,126.0 3,385.3
2,300.1 2,442.8 2,635.6 2,871.5
476.4 469.4 490.4 513.9
746.0
576.3 653.0 729.8
576.4 625.5 687.8 681.9
7.4
20.9
-18.3
3.1
34.6
43.3
18.1
24.4
118.1

130.6

92.4

92.8

Sole proprietorships and partnerships
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries .,
Proprietors' income with inventory valuation and capital consumption adjustments
Farm
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment....
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment...,
Net interest

832.5
261.2
228.8
32.4
494.9
222
302
-8.0
472.7
444.3
-1.5
29.9
76.4

890.9
274.3
241.6
32.7
541.7
34.3
42.1
-7.9
507.4
472.3
-.4
35.5
74.9

950.7 1,004.8
294.6
317.0
262.8
283.8
31.9
332
575.3
602.7
29.5
25.1
37.2
32.7
-7.7
-7.6
545.9
577.6
500.3
528.2
.5
1.2
45.0
482
85.1

Other private business
,
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income with inventory valuation and capital consumption adjustments
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment ..,
Rental income of persons with capital consumption adjustment
Rental income of persons
Capital consumption adjustment ...
Net interest

423.8
14.8
1.9
2.8
3.5
-.7
117.9
165.4
-47.5
2882

445.0
15.5
13.6
1.9
3.1
3.7
-.7
129.7
177.4

462.4
16.4
14.5
1.9
3.3

-47.6
296.8

-49.9
312.5

137.4
188.6
-51.1
324.6

88.4
88.4
64.7
23.7

902
902
66.1
24.1

93.9
93.9
68.7
252

96.1
96.1
70.5
25.6

330.3

348.6

366.2

385.6

330.3
281.0
49.3

348.6
295.7
52.8

3662
312.4
53.8

385.6
3302
55.4

735.8

759.4

783.6

813.8

735.8
558.0
177.8

759.4
574.9
184.5

783.6
595.8
187.8

813.8
622.3
191.4

Government enterprises
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Households and Institutions
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries ...
General government
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
n d S f OF t l l 0 W O l i u ••••••

••••••tf«i<

•••••

Compensation of employees
Corporate profits
Net interest
Addenda:
Domestic income (1-48)
Compensation of employees (4+13+26+37+41 +45)
Proprietors' income with inventory valuation and capital consumption adjustments
(16+29).
Rental income of persons with capital consumption adjustment (32)
Corporate profits with inventory valuation and capital consumption adjustments (7)
Net interest (11+24+35)

13.0

3.9
-.6
1302
180.0

20.3

18.1

4.3

-4.5
92.0
-672

-4.6
100.9
-782

-5.0
108.1
-98.9

5,855.9 6,192.1
4,207.0 4,400.1
497.7 544.7
117.9
576.3
457.0

129.7
653.0
464.5

484.1
18.7
16.6
2.1
3.4
4.0

-.6

-5.3
100.0
-104.7

6,630.6 7,046.3
4,680.7 5,016.4
578.6 606.1
130.2
729.8
511.4

137.4
746.0
540.3

December 1999

SURVEY OF CURRENT BUSINESS

• 55

Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars
Seasonally adjusted at annual rates
Line

1995

1996

1997

1997

1996

1998

Billions of dollars
4449.8 4,712.5 5,088.3 5,445.3 4,591.0 4,677.9 4,742.0 4,839.1 4,939.1 5,032.6 5,146.9 5,234.7 5,322.6 5,390.9 5,495.9 5,571.7 5,673.5 5,740.1 5,834.2

Gross product of corporate business
C o n s u m p t i o n o f TIXSG c d p i t d l ^•••••••••••m***

«<•••••«••«*••

512.6

Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
!.
.

543.6

579.4

619.2

531.0

538.4

547J

557.4

565.6

574.3

584.1

593.6

602.2

612.6

625.0

637.1

645.8

657.2

675.4

3,937.2 4,168.9 4,508.9 4,826.0 4,060.0 4,139.5 4,194.3 4,281.6 4,373.6 4,458.3 4,562.8 4,641.0 4,720.4 4,778.3 4,870.9 4,934.6 5.027.7 5,083.0 5,158.8
583.4
591.4
584.9
601.1
499.5
532.4
541.4
550.9
557.0
563.3
492.0
510.9
535.1
564.0
504.5
505.9
544.6
521.8
533.7
3,445.2 3,658.0 3,973.9 4,262.0 3,560.6 3,635.1
3,747.9 3,851.7 3,925.9 4,021.4 4,096.5 4,169.4 4,221.3 4,307.5 4,349.7 4,444.4 4,491.6 4,557.7
2,776.5 2,912.2 3,126.0 3,385.3 2,835.0 2,891.9 2,937.9 2,984.0 3,040.4 3,090.6 3,147.2 3,225.8 3,292.9 3,350.5 3,416.8 3,481.2 3,532.0 3,582.7 3,643.7
2,300.1 2,442.8 2,635.6 2,871.5 2,369.2 2,423.3 2,467.6 2,511.0 2,558.6 2,604.0 2,654.9 2,724.7 2,786.8 2,839.9 2,900.8 2,958.4 3,002.1 3,047.6 3,102.6
476.4
469.4
465.7
522.8
535.0
541.1
490.4
513.9
468.6
470.3
473.0
506.0
510.6
516.0
529.9
481.8
486.6
501.1
492.2
638.6
750.5
757.2
777.7
772.1
770.6
576.3
653.0
729.8
746.0
652.9
656.3
664.3
740.6
736.0
701.6
718.6
745.9
753.0

Gross
'oss product of financial corporate
business.
Gross product of nonfinancial corporate
business.

576.4
211.0
365.5
221.6
143.8
-18.3
18.1
92.4

625.5
223.6
401.8
257.3
144.5
3.1
24.4
92.8

687.8
238.3
449.5
284.8
164.8
7.4
34.6
118.1

681.9
240.2
441.6
314.6
127.0
20.9
43.3
130.6

614.5
219.7
394.8
249.6
145.1
2.1
21.9
87.1

445.7

491.0

558.5

610.7

473.8

4,834.6 4,117.2

4,004.0 4,221.5

630.3
225.3
405.0
247.4
157.6
-1.7
24.2
90.3
485.2

626.5
224.0
402.5
261.1
141.4
4.7
25.2
94.2

630.7
225.6
405.1
271.1
134.0
7.1
26.4
99.6

661.4
228.9
432.5
273.9
158.6
9.3
31.0
109.6

673.5
233.2
440.2
280.1
160.1
11.2
339
116.7

712.3
246.8
465.6
287.3
178.3
4.9
35.7
121.2

492.3

512.6

530.5

549.4

568.0

4,408.6 4,483.2 4,578.9

4,192.7

704.0
244.1
459.8
297.7
162.1
4.0
38.0
124.8

681.1
239.9
441.1
304.4
136.7
29.5
39.9
126.1

586.1
4,648.6

684.6
241.1
443.5
315.3
128.2
13.6
42.4
130.2

693.5
244.3
449.2
310.8
138.4
19.8
43.9
133.6

235.6
432.7
328.1
104.6
20.8
46.9
132.5

606.2

613.5

623.3

4,723.0 4,784.7 4,882.4 4,948.4

713.8
248.0
465.8
308.4
157.4
13.3
50.6
134.6
645.0
5,028.6

732.5
254.4
478.0
342.2
135.9
-13.6
53.2
136.8

744.7
259.1
485.6
336.2
149.4
-26.5
52.4
143.3

645.2

655.2

5,094.9 5,179.0

462.7
508.4
526.7
437.7
522.2
537.2
567.4
491.3
452.6
516.5
552.3
465.9
480.3
487.3
495.1
473.6
502.5
458.5
543.8
3,566.3 3,758.9 4,038.5 4,312.4 3,664.6 3,734.2 3,783.9 3,852.9 3,928.3 3,995.9 4,083.8 4,146.0 4,214.6 4,268.2 4,355.7 4,411.1 4,484.8 4,542.7 4,611.6
455.5
473.9
496.1
523.5
466.1
474.2
486.2
510.0
516.4
523.0
549.8
482.7
493.9
544.5
559.0
501.0
503.2
472.6
542.4

Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Domestic income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability

3,110.8 3,285.0 3,542.5 3,788.9 3.198.4 3,261.6 3,309.6 3,370.2 3,442.1 3,502.1 3,582.8 3,642.8 3,704.6 3,751.8 3,832.6 3,866.7 3,942.4 3,992.9 4,052.6
2,552.7 2,667.1 2,860.1 3,090.4 2,600.0 2,649.2 2,689.1 2,730.1 2,783.2 2,828.8 2,878.7 2,949.9 3,008.7 3,059.9 3,118.6 3,174.6 3,223.8 3,270.0
2,111.7 2,234.1 2,408.4 2,618.7 2,169.9 2,216.9 2,255.5 2,294.1 2,339.0 2,380.4 2,425.4 2,488.9 2,543.4 2,590.8 2,645.1 2,695.5 2,737.9 2,779.4 2,829.5
441.0
433.0
451.7
471.7
430.1
432.4
469.1
490.7
433.6
444.2
448.4
465.3
473.5
479.0
486.0
496.2
435.9
453.3
461.0
442.3
491.6
504.4
509.1
562.8
575.0
511.4
588.5
592.5
594.7
529.1
543.0
553.7
583.2
571.2
575.0
568.6
568.0
592.6
422.1
136.7
285.4
179.3
106.0
-18.3
38.4
115.8

Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

460.2
150.1
310.1
201.9
108.2
3.1
45.8
108.7

503.6
156.8
344.7
219.8
124.9
7.4
51.8
119.6

490.6
152.5
338.1
245.4
92.7
20.9
63.5
123.5

445.9
144.9
300.9
198.9
102.0
2.1
43.6
106.9

460.2
150.0
310.2
195.0
115.2
-1.7
45.8
108.0

460.1
150.0
310.1
203.8
106.3
4.7
46.6
109.1

474.7
155.5
319.2
210.1
109.1
7.1
47.3
111.0

484.8
152.7
332.1
211.6
120.4
9.3
49.0
116.0

491.6
154.8
336.7
216.0
120.8
11.2
50.9
119.6

525.8
166.4
359.4
221.6
137.9
4.9
52.5
120.9

512.1
161.5
350.7
230.1
120.6
4.0
55.1
121.8

466.2
150.9
335.3
236.2
99.1
29.5
59.4
120.9

492.4
153.1
339.3
245.5
93.7
13.6
62.6
123.3

503.9
157.1
346.9
242.9
104.0
19.8
64.8
125.5

479.8
148.8
331.0
256.9
74.0
20.8
67.4
124.1

508.6
157.9
350.6
241.5
109.1
13.3
70.6
126.1

534.2
166.9
367.3
267.9
99.4
-13.6
74.1
128.1

544.7
170.4
374.3
263.2
111.0
-26.5
74.4
134.3

Billions of chained (1996) dollars
Gross product of nonfinancial corporate
Consumption of fixed capital 2 ....
Net product3

36

4,040.8 4,221.5 4,501.0 4,803.4 4,128.3 4,193.9 4,244.7 4,319.2 4,383.8 4,452.3 4,548.2 4,619.7 4,699.1 4,758.4 4,844.8 4,911.2 4,981.7 5,035.0 5,119.1

37

462.7
436.2
537.7
494.9
451.9
458.9
466.1
481.2
509.4
532.2
473.7
499.3
521.3
543.2
554.3
564.0
576.9
3,604.6 3,758.9 4,006.1 4,265.7 3,676.4 3,735.0 3,778.6 3,845.5 3,902.6 3,962.5 4,049.0 4,110.3 4,177.8 4,226.2 4,301.7 4,356.9 4,417.7 4,458.1 4,520.5

1. Chained-dollar gross product of nonfinancial corporate business equals the current-dollar product deflated by
the implicit price deflator for goods and structures in gross domestic product. Effective with the estimates scheduled
for release on March 30, 2000, the current-dollar product will be deflated by a chain-type price index calculated
using gross product price indexes for each nonfinancial industry.




2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of
the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100.
3. Chained-dollar net product of nonfinancial corporate business is the difference between the gross product and
the consumption of fixed capital.

$6

• December 1999

SURVEY OF CURRENT BUSINESS

2, Personal Income and Outlays.
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1996

I

II

1997

III

IV

I

H

1998

III

IV

I

II

1999

III

IV

I

II

III

1

6,200.9 6,547.4 6,951.1 7,358.9 6,405.1 6,509.4 6,597.1 6,677.9 6,807.6 6,900.6 6,993.5 7,102.7 7,194.7 7,296.3 7,413.6 7,530.8 7,630.2 7,732.6 7,827.5

Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industnes
Government

2
3
4
5
6
7
8

3,424.7 3,626.5 3,888.9
2,802.0 2,985.5 3,224.4
863.6
908.2
975.5
647.5
673.7
718.8
782.1
822.4
879.1
1,156.3 1,254.9 1,369.8
622.7
641.0
664.4

Other labor Income

9

497.0

490.0

500.9

515.7

490.0

489.1

489.6

491.4

496.2

499.1

502.4

505.8

509.5

513.5

517.7

proprietors income WIUI inveniory vaiuauon
and canltal cnnsumnflnn adiusfmAntfi

10

497.7

544.7

578.6

606.1

525.9

546.6

553.5

553.0

569.1

575.1

582.9

587.3

586.6

594.2

606.4

11
12

22.2
4755

34.3
5105

29.5
5491

25.1
581 0

31.1
4948

36.3
5103

38.0
5155

31.7
5214

32.5
5366

30.2
5449

28.9
554 0

26.3
561 0

17.5
5691

18.7
5755

22.9
583 6

Rental income of persons with capita!
consumption adjustment.

13

117.9

129.7

130.2

137.4

128.4

129.0

130.1

131.4

132.4

132.0

129.4

126.7

129.5

133.9

139.3

Personal dividend Income

14

254.0

297.4

333.4

348.3

285.9

290.4

302.4

310.9

3203

330.2

3385

344.4

346.1

347.0

348.0

Personal Interest Income

15

792.5

810.6

854.9

897.8

797.2

805.9

814.6

824.6

835.7

850.6

859.7

873.6

880.1

8953

909.3

Transfer payments to persons
Old-age, survivors, disability, and health

16
17

885.9
508.0

928.8
537.6

962.4
565.8

983.6
578.1

918.7
528.8

926.3
534.9

931.9
540.2

938.3
546.4

956.4
560.2

960.7
564.8

964.9
568.1

967.7
570.2

976.7
575.1

980.0
576.5

986.5
579.6

991.0
581.1

18
19
20
21

22.1
21.7
347.4
203
327.1

20.0
22.5
354.1
17.6
3365

19.8
233
362.3
17.1
3452

22.9
21.5
345.4
21.4
324 0

22.4
21.9
347.1
20.8
3263

21.5
21.6
348.6
20.2
3284

21.5
21.8
348.6
18.9
329.6

21.0
22.5
352.8
18.2
334.6

20.0
22.4
353.5
17.7
335.8

19.6
22.5
354.6
17.3
337.2

19.2
22.7
355.5
17.1
338.4

19.6
23.2
358.8
17.1
341.7

19.2
23.2
361.1
17.1
344.0

20.6
23.3
362.9
17.1
345.8

19.9
23.6
366.4
17.3
349.1

20.5
24.3
374.1
16.9
357.2

20.3
24.1
376.2
16.3
359.9

20.2
24.3
378.3
16.1
362.2

280.4

298.1

315.9

274.7

278.8

282.3

285.7

292.0

295.6

299.7

304.9

310.0

313.8

318.0

322.0

328.9

332.3

336.7

869.7

968.3

1,072.6

830.7

872.5

877.3

898.1

934.2

954.4

978.6

Personal Income

Farm
Nonfarm

4,186.0 3,533.8 3,601.0 3,657.3 3,713.9 3,789.5 3,848.5 3,915.4 4,002.1 4,076.2 4,146.2 4,224.4 4,297.3
3,493.2 2,899.4 2,961.6 3,014.2 3,066.7 3.132.8 3.187.4 3,248.3 3,329.0 3,393.6 3,457.0 3,527.7 3,594.5
1,038.7
882.1
917.6
930.0
965.9
903.0
952.2
979.5 1,004.3 1,020.4 1,032.2 1,045.6 1,056.6
757.5
656.0
680.2
687.6
712.0
762.3
671.1
703.1
720.7
739.4
754.5
765.6
747.7
944.6
803.5
828.3
841.2
868.9
953.5
816.6
856.3
885.7
905.6
935.3
969.9
919.6
1,509.9 1.213.9 1,242.0 1,268.3 1,295.6 1,324.4 1,352.6 1,383.1 1,419.1 1,453.6 1,489.5 1,528.6 1,568.0
692.8
634.3
643.1
647.3
661.0
696.7
639.3
656.6
667.1
673.1
689.3
702.8
682.6

4,508.9
3,778.3
1.091.0
787.2
1.012.6
1.674.7
730.6

4,371.5
3,655.7
1,062.9
767.0
986.3
1,606.6
715.8

4,432.6
3.711.3
1.075.1
774.8
997.6
1,638.5
721.3

522.1

528.0

533.0

538.6

637.1

639.9

655.3

653.6

41.1
5960

32.5
6075

34.1
6212

21.4
6322

147.0

148.6

148.8

140.9

351.9

356.1

361.2

367.0

906.4

907.4

920.5

933.4

1,007.8 1,013.6 1,021.8
593.0
599.0
588.9

22

21.5
20.9
335.6
22.6
313 0

Less: Personal contributions for social
Insurance.

23

268.8

Less: Personal tax and nontax payments

24

778.3

Eouals: Disposable oersonal income

25

5422.6

5,677.7 5,982.8 6286.2

5,574.4 5,637.0 5,719.8 5,779.7 5,873.4 5,946.2 6,014.9 6,096.7 6,163.5 6 2 3 8 3

6,325.3 6,417.8 6 5 0 5 4

65932

6,667.3

Less: Personal outlays

26

51202

5,405.6 5,711.7 6056.6

5,292.2 5,383.9 5,433.7 5,512.6 5,609.9 5,650.2 5,759.4 5,827.4 5,914.7 6 0 2 0 9

6,100.5 6,190.3 6,310.3 6 4 2 5 2

6,527.9

27
28
29

4,969.0 5,237.5 5,524.4 5,848.6 5.130.5 5,218.0 5,263.7 5,337.9 5,430.8 5,466.3 5.569.1 5.631.3 5,714.7 5,816.2 5,889.6 5.973.7 6,090.8 6,200.8 6.299.6
199.9
151.8
178.8
182.8
187.9
193.2
203.4
155.5
159.6
164.0
168.7
174.3
196.1
134.7
149.9
166.7
185.7
144.3
147.9
18.2
21.7
21.1
21.8
22.9
23.3
24.6
24.9
19.3
19.6
19.8
21.5
23.5
16.5
18.2
22.3
17.4
18.0
20.6

Government unemployment insurance benefits
Veterans benefits
Other transfer payments
Family assistance l
Other

Personal consumption expenditures
Interest paid by persons
Personaitransfer payments to the rest of the
world (net).

1,006.0 1,031.2 1,058.0 1,088.3 1,113.0 1,124.8 1,139.4 1,160.2

Equals: Personal saving

30

Addenda:
Disposable personal income:
Total, billions of chained (1996) dollars 2

31

5,533.0 5,677.7 5,884.7 6,125.1 5,617.6 5,647.2 5,710.9 5,735.3 5,798.0 5,857.9 5,909.8 5,973.0 6,031.5 6,087.5 6,154.6 6,226.6 6,289.3 6,339.1 6,380.7

32
33
34

20,613
21,032
263.1

21,385
21,385
265.5

22,320
21,954
268.0

23,231
22,636
270.6

21,072
21,235
264.5

21,261
21.300
265.1

21,517
21.483
265.8

21,687
21.520
266.5

21,994
21,712
267.0

22,215
21,885
267.7

22,410
22,019
268.4

22.658
22,198
269.1

22,863
22.373
269.6

23,086
22,528
270.2

23,345
22,715
270.9

23,628
22,924
271.6

23,904
23.110
272.1

24,171
23,239
272.8

24,376
23,328
273.5

35

5.6

4.8

4.5

3.7

5.1

4.5

5.0

4.6

4.5

5.0

4.2

4.4

4.0

3.5

3.6

3.5

3.0

2.5

2.1

302.4

272.1

271.1

229.7

282.2

253.1

286.1

267.1

263.4

296.1

255.5

269.3

248.9

217.5

224.8

227.5

195.1

168.0

139.4

Dar /*anfta-

Current dollars
Chained (1996) dollars
Population (mid-period, millions)
Personal saving as a percentage of disposable
personal Income.

1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.




2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
NOTE.—Percent changes from preceding period for disposable personal income are shown in table 8.1.

SURVEY OF CURRENT BUSINESS

December 1999

•

57

Table 2.2,—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

I
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable §oods
Food
Clothing and shoes .
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation ..
Other
Addenda:
Energy goods and services 1
Personal consumption expenditures less food and
energy.

1

1997

1996

1998

II

I

IV

III

II

1999

1998

III

IV

II

I

III

IV

1

II

III

4,969.0 5,237.5 5,524.4 5,848.6 5,130.5 5,218.0 5,263.7 5,337.9 5,430.8 5,466.3 5,569.1 5,631.3 5,714.7 5,816.2 5,889.6 5,973.7 6,090.8 6,200.8 6,299.6

2

589.7

616.5

642.9

698.2

606.4

621.3

616.7

621.5

636.1

627.8

651.9

655.8

679.2

693.9

696.9

722.8

739.0

751.6

761.8

3
4
5

249.3
225.0
115.4

256.3
236.9
123.3

263.1
249.5
130.3

289.2
268.7
140.3

256.3
230.4
119.7

259.2
238.2
123.8

255.4
237.7
123.6

254.2
241.2
126.1

262.6
244.3
129.1

253.0
247.0
127.9

269.1
251.4
131.4

267.8
255.1
132.8

278.6
263.1
137.4

288.2
265.8
139.8

285.6
270.6
140.8

304.4
275.3
143.1

306.8
283.8
148.3

313.8
287.3
150.5

317.9
292.1
151.8

6
7
8
9
10
11
12

13
14
15
16
17
18
19
20
21
22
23

1,497.3 1,574.1 1,641.7 1,708.9 1,539.6 1,569.4 1,578.8 1,608.4 1,630.5 1,627.1 1,652.3 1,657.1 1,674.6 1,701.2 1,716.6 1,742.9 1,787.8 1,824.8 1,853.5
755.8
247.8
127.4
113.3
14.1
366.4

786.0
258.6
139.7
124.2
15.6
389.8

2,882.0 3,047.0
740.8
298.1
122.5
175.6
197.7
780.7
176.0
688.7

772.5
317.3
128.7
188.5
214.2
814.4
191.1
737.5

817.0
271.2
141.4
126.2
15.2
412.1

853.4
286.3
126.2
112.9
13.2
442.9

773.9
253.0
133.9
117.7
16.1
378.9

781.8
259.0
142.1
127.0
15.1
386.4

788.8
259.3
138.4
123.3
15.0
392.3

799.3
263.0
144.5
128.6
16.0
401.6

812.0
267.3
145.9
130.4
15.5
405.3

811.9
267.3
139.0
123.5
15.5
408.9

821.9
274.5
140.4
125.2
15.2
415.4

822.2
275.7
140.2
125.6
14.7
419.0

832.9
282.5
130.9
117.5
13.5
428.3

847.6
287.1
127.7
114.1
13.6
436.8

857.6
286.6
125.2
111.8
13.4
447.3

875.6
289.2
120.9
108.3
12.6
457.2

885.4
301.8
120.1
106.5
13.7
480.5

893.4
306.7
136.3
121.7
14.6
488.4

902.2
308.0
146.1
130.8
15.3
497.2

32398 3,441.5 2,984.4 3,027.4 3,068.2 3,107.9 3,164.2 3,211.4 3,265.0 3,318.5 3,360.9 3,421.1 3,476.1 35080 3,564.0 3,624.3 3,684.3
809.8
332.7
130.4
202.4
234.4
850.2
205.3
807.4

855.9
346.9
128.1
218.8
245.2
894.3
221.0
8782

760.4
314.6
131.3
183.3
206.5
798.2
185.0
719.7

768.1
318.3
130.0
188.4
211.7
810.7
189.1
729.5

776.6
313.4
124.6
188.9
215.9
817.9
193.7
750.7

785.1
322.7
129.1
193.6
222.6
831.0
196.5
750.0

794.5
324.7
128.8
196.0
228.5
837.7
200.4
7784

804.5
328.4
128.5
199.9
232.7
845.9
203.7
7963

814.7
333.7
128.9
204.8
236.5
854.9
207.1
818.1

825.4
344.0
135.2
208.8
239.7
862.4
210.2
836.9

837.5
336.1
123.6
212.5
242.1
877.7
216.3
851.1

850.0
348.0
131.4
216.6
244.9
890.1
218.7
869.4

861.8
356.0
134.6
221.5
246.2
899.0
223.0
890.1

874.3
347.3
122.9
224.5
247.7
910.5
226.1
902.1

885.6
356.2
128.3
227.9
250.3
922.5
233.1
916.4

897.3
360.3
129.4
230.9
254.0
933.0
241.0
938.8

907.7
366.4
133.3
233.0
256.7
947.9
252.1
953.6

265.7
279.5
248.4
265.2
272.1
262.9
273.7
275.5
254.5
259.1
259.7
243.8
249.9
268.5
271.7
267.5
269.3
254.3
274.6
3,963.3 4,183.1 4,435.7 4,740.8 4,091.5 4,164.1 4,211.9 4,264.9 4,344.2 4,386.9 4,477.9 4,533.7 4,627.3 4,709.4 4,772.3 4,854,3 4,956.9 5,041.6 5,117.9

1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.

Table 2.3.—Real Personal Consumption Expenditures by Major Type of Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation...
Other
Residual
Addenda:
Energy goods and services l
Personal consumption expenditures less food and
energy.

1995

1996

5,070.1 5,237.5

1997

1997

1998

5,433.7 5,698.6 5,170.3 5,227.5 5,255.4 5,296.8 5,361.1 5,385.1 5,471.8 5,517.1

616.5

657.4

731.5

601.7

620.4

618.1

625.7

642.1

639.7

669.7

678.0

704.9

723.9

731.2

766.0

788.8

806.1

821.2

253.4
215.4
115.0

256.3
236.9
123.3

263.8
262.1
131.6

291.9
297.4
142.7

257.0
226.1
118.7

259.6
237.2
123.6

255.2
238.7
124.1

253.4
245.5
126.7

261.1
251.4
129.6

252.9
257.8
129.3

270.9
266.2
132.8

270.4
273.1
134.7

281.5
284.8
138.9

291.7
290.4
141.9

286.7
301.7
143.7

307.4
312.6
146.5

310.4
326.7
152.9

317.2
335.5
154.7

319.4
346.2
157.6

1,529.0 1,574.1 1,619.9 1,685.3 1,553.9 1,569.9 1,578.6 1,593.9 1,609.0 1,608.2 1,630.7 1,631.8 1,654.9 1,681.9 1,692.0 1,712.6 1,749.5
777.0
244.3
135.9
120.2
15.7
372.0

786.0
258.6
139.7
124.2
15.6
389.8

799.1
271.1
141.3
126.2
15.1
408.5

820.6
292.2
142.1
127.7
14.5
430.6

784.5
250.7
138.5
121.9
16.6
380.2

785.5
257.8
139.6
124.4
15.3
386.9

2,957.8 3,047.0 3,156.7 3.2845 3,014.8 3,037.2
763.7
304.0
125.3
178.7
201.0
797.7
181.7
709.6

772.6
317.3
128.7
188.5
214.2
814.4
191.1
737.5

786.5
327.1
127.5
199.6
226.3
831.0
199.1
786.6

-.2

-.4

805.6
344.3
129.6
214.7
234.2
854.4
208.8
837.3

768.7
317.6
132.8
184.9
210.2
804.1
187.6
726.6

770.8
319.1
130.5
188.6
212.7
812.7
189.9
731.8

-.3

785.3
261.6
140.0
124.5
15.5
391.7

788.5
264.3
140.7
125.9
14.9
400.4

798.7
267.8
139.4
125.1
14.3
403.1

796.7
264.7
142.1
126.7
15.3
404.8

802.2
274.7
142.2
126.6
15.6
411.7

798.9
277.1
141.4
126.4
15.1
414.6

805.7
287.8
140.9
126.6
14.2
420.9

indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.

818.2
293.1
142.5
127.9
14.7
428.3

823.0
292.2
143.1
128.5
14.7
433.9

835.4
295.6
141.9
127.7
14.2
439.4

314.7
142.9
127.1
15.8
452.6

1,763.7 1,778.8
844.6
316.8
143.9
127.5
16.4
458.6

848.4
321.6
146.0
129.7
16.3
463.4

30588 3,077.2 3,110.1 3,137.0 3,172.0 3,207.8 32342 3,272.2 3,309.6 3.322.0 33565 3,399.2 3,436.7
773.6
312.3
123.8
188.5
215.3
816.3
192.7
748.5

777.0
320.1
127.9
192.2
218.5
824.6
194.0
742.9

.1

.1

781.2
318.5
124.7
193.8
223.3
824.1
196.6
766.3

798.4

784.2
323.4
126.5
196.9
225.0
828.5
198.3
777.6

788.1
328.5
126.6
201.9
227.9
833.3
199.6
794.5

792.6
337.9
132.2
205.7
229.1
838.2
202.0
808.2

124.1
209.4
231.6
846.4
205.5
818.6

-.1

-.8

-1.2

-2.1

271.4
263.8
268.8
268.5
261.3
273.7
268.6
270.1
271.8
268.8
264.0
268.5
264.8
4,031.9 4,183.1 4,365.9 4,605.9 4,114.4 4,171.9 4,206.3 4,239.7 4,298.3 4,319.9 4,400.8 4,444.5 4,521.4

1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.




5,675.6 5,730.7 5,795.8 5,888.4 5,961.8 6,028.8

583.5

804.1
344.7
132.2
212.6
234.4
852.7
206.5

353.7
136.6
217.2
234.6
856.4
210.3
847.1

812.0
345.4
125.7
219.6
236.1
862.2
212.8
853.6

818.4
354.0
131.1
222.8
237.7
865.6
218.4
862.7

823.1
358.8
132.2
226.4
239.9
872.0
225.0

8285
363.9
134.9
228.9
242.4
881.0
232.4
889.0

-3.9

-5.0

-8.0

-8.9

-10.9

274.8 280.2 267.3 274.1 276.2 281.0
4,582.6 4,628.0 4,6913 4,773.8 4,839.9 4,898.5

The residual line is the difference between the first line and the sum of the most detailed lines.

SURVEY OF CURRENT BUSINESS

5 8 • December 1999

Table 2.4—Personal Consumption Expenditures by Type of Expenditure
[Billions of dollars]
Line
Personal consumption expenditures
FOOQ 9110 lODdCCO o*i•»•••••••!)•••••*ti**it

1995

1996

1997

1998

4,969.0 5,237.5 5,524.4 5,848.6
a

•

t*

t

Food purchased for off-premise consumption (n.d.)
Purchased meals and beveragesx (n.d.)
Food furnished to employees (including military) (n.d.)
Food produced and consumed on farms (n.d.)
Tobacco products (n.d.)
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.).
Other alcoholic beverages (n.d.)
Clothing, accessories, and jewelry
Shoes (n.d.)
Clothing and accessories except shoes 2
Women's and children's (n.d.)
Men's and boys' (n.d.) ..
Standard clothing issued to military personnel (n.d)
Cleaning, storage, and repair of clothing and shoes (s.)
Jewelry and watches (d.) ..
Other 3 (s.)
Personal care
Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and health clubs (s.)
Housing
Owner-occupied nonfarm dwellings-space rent 4 (s.)
Tenant-occupied nonfarm dwellings rent 5 (s.)
Rental value of farm dwellings (s)
Other6 (s.)
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances* (d!)
China, glassware, tableware, and utensils (d.)
Other durable house furnishings8 (d.)
Semidurable house furnishings9 (n.d.)
Cleaning and polishing preparations, and miscellaneous household
supplies and paper products (n.d).
Stationery and writing supplies (n.d.)
Household utilities
Electricity (s.)
Water and other sanitary services (s.j
Fuel oil and coal (n.d.)
Telephone and telegraph (s.)
Domestic service (s.)
Other 10 (s.)

802.5

834.1

866.3

907.4

459.8
287.5
8.0

476.7
300.5
8.2
.5
48.2

489.5
318.5
8.5
.5
49.3

509.4
334.7
8.8
.5
54.0

467
663.2
54.2

689.1
56.1

38.4

40.7

317.3

745.2
61.3

43.5

46.9

348.2

367.9

37.1
210.4
135.5
74.9
.3
12.2
38.1
19.2

38.8
219.5
140.8
78.6
.3
12.7
40.3
21.7

40.0
230.9
147.7
83.2
.3
13.5
41.2
22.3

41.6
244.4
155.6
88.8
.3
13.4
44.2
24.0

67.4

71.6

76.1

80.5

45.0
22.4

48.0
23.5

50.6
25.5

53.8
26.8

740.8

772.5

809.8

529.3
177.0
6.0
28.5

555.4
180.6
6.2
30.2

585.5
186.0
6.4
31.9

622.6
193.6
6.6
33.1

555.0

589.2

617.5

346.5

47.5
29.1
23.8
47.7
29.7
47.3

50.9
30.0
25.4
50.5
31.0
49.8

54.1
30.9
27.1
53.4
32.6
51.5

57.0
32.3
295
57.6
34.6
54.3

17.7
175.0
91.0
31.5
38.4
14.1
87.8
13.3
36.1

Medical care.
Drug preparations and sundries n (n.d.)
Ophthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
Other professional services12 (s.)
Hospitals and nursing homes 13
Hospitals
Nonprofit (s.)
Proprietary (s.)
Government (s.)
Nursing homes (s.)
Health insurance
Medical care and hospitalization14 (s.)
Income loss 15 (s.)

7155
58.3

92.1
15.8
192.4
46.5
112.9
370.9
312.3
206.0
35.2
71.1
58.6
58.0
46.4
1.2

18.8
185.0
93.3
35.5
40.7
15.6
97.1
13.6
37.1

20.0
188.6
93.8
36.6
43.0
155
103.9
13.8
41.6

932.3

977.6 1,032.3

100.3
17.6
199.1
48.4
119.7
390.8
327.6
213.5
38.7
75.4
63.2
56.6
45.3
1.0

108.1
19.4
206.9
52.0
125.1
408.5
341.9
221.3
41.6
79.0
66.7
57.6
46.9
1.2

21.3
186.8
95.9
32.2
45.4
13.2
113.1
16.0
44.2

116.8
21.2
219.6
54.8
131.8
428.4
357.1
230.6
43.3
83.2
71.3
59.8
49.7
1.4

1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on- and off-premise.
2. Includes luggage.
3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services.
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and
furniture and purchases of fuel and electricity.
5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture.
6. Consists of transient hotels, motels, clubs, schools, and other group housing.
7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances.
8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors,
art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.
9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also
includes lamp shades, brooms, and brushes.
10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses,
postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified
13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing
homes, and (2) payments by patients to proprietary and government hospitals and nursing homes.
14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and
dismemberment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of fixed capital) of nonprofit and self-insured health plans.
15. Consists of premiums, less benefits and dividends, for income loss insurance.
16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation.
17. Consists of (1) operating expenses of commercial life insurance carriers, (2) administrative expenses of private
noninsured pension plans and publicly administered government employee retirement plans, and (3) premiums, less
benefits and dividends, of fraternal benefit societies. For commercial life insurance carriers, excludes expenses for
accident and health insurance and includes profits of stock companies and services furnished without payment by
banks, credit agencies, and investment companies. For pension and retirement plans, excludes services furnished
without payment by banks, credit agencies, and investment companies.
18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation




Une
Workers' compensation16 (s.) .

Brokerage charges and investment counseling (s.)
Bank service charges, trust services, and safe deposit box rental
(s.).
Services furnished without payment by financial intermediaries
except life insurance carriers (s.).
Expense of handling life insurance and pension plans 17 (s.)
Legal services (s.)
Funeral and burial expenses (s.)
Other 18 (s.)
T r a n s p o r t a t i o n «•••««

•••«••••••#•#

••••

•

*

•••••••»•••••••••••

User-operated transportation
Newautos (d.)
Net purchases of used autos (d.) ....... .
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and leasing
(s.).
Gasoline and oil (n.d.)
Bridge, tunnel, ferry, and road tolls (s.)
Insurance19 (s.)
Purchased local transportation
Mass transit systems (s.)
Taxicab (s.)
Purchased intercity transportation
Railway (s.)

Airline (sJ"!]]]]!]!!]]!]!!]!]!l!"!!!Z!!!!!!I!l!l!!!!!!]!!!lZ!!!!!!!""!!!l!!!!"!!!"!l!
Other 20 (s.)
Books and maps (d.)
Magazines, newspapers, and sheet music (n.d.)
Nondurable toys and sport supplies (n.d.)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (d.).
Video and audio goods, including musical instruments, and
computer goods (d.).
Video and audio goods, including musical instruments (d.)
Computers, peripherals, and software (d.)
Radio and television repair (s.)
Flowers, seeds, and potted plants (n.d.)
Admissions to specified spectator amusements
Motion picture theaters (s.)
Legitimate theaters and opera, and entertainments of nonprofit
institutions (except athletics) (s.).
1

(s.)

Clubs and fraternal organizations22 (s.)
Commercial participant amusements23 (s.) .
Pari-mutuel net receipts (s.)
Other 24 (s.)
Education and research .
Higher education25 (s.)
Nursery, elementary, and secondary schools 26 (s.)
Other 2 " (s.)
Religious and welfare activities28 (s.)

87
90

1995

1996

1997

1998

10.4

10.3

9.6

406.8

435.1

488.3

365
38.3

43.2
42.9

50.9
47.9

59.2
55.7

166.1

177.0

203.3

218.4

81.8
48.0
13.3
22.7

81.3
51.5
14.5
24.8

55.0
15.3
26.9

91.3
58.5
16.0
29.5

560.3

594.6

623.7

647.4

517.8
82.2
50.0
80.2
36.9
122.2

550.2
81.9
51.4
84.3
38.7
134.2

575.6
82.8
53.4
87.2
39.7
145.9

598.0
90.6
55.5
101.4
41.7
153.8

113.3
3.4
29.7
10.4
7.1
3.2
32.1
.6
1.6
25.5
4.3

124.2
3.7
31.8
11.2
7.7
3.5
33.3
.6
1.8
26.2
4.7

126.2
4.0
36.3
11.8
8.1
3.7
36.3
.7
1.8
29.0
4.7

112.9
4.4
37.8
12.1
8.4
3.7
37.2
.7
2.0
29.5
5,1

401.6

429.6

457.8

494.7

23.1
26.2
47.2
38.5

24.9
27.6
50.6
40.5

26.6
29.5
53.7
43.2

27.8
31.9
57.7
47.1

77.0

80.0

84.0

92.6

55.9
21.0
3.6
13.8
19.2
5.5
7.6

56.4
23.6
3.7
14.9
20.7
5.8
8.0

57.8
26.2
3.9
15.6
22.2
6.4
8.7

62.2
30.4
3.9
16.5
23.8
6.8
9.4

6.1
12.7
43.9
3.5
93.1

6.9
14.0
48.3
3.5
100.8

7.1
14.4
52.3
3.6
109.0

7.6
14.9
56.2
3.7
118.6

114.5

122.3

130.7

139.2

629
26.4
25.2

66.1
27.4
28.8

69.2
29.0
32.4

71.8
30.1
37.3

8.7

134.9

146.8

150.3

163.5

-20.7

-24.1

-21.8

-15.3

Foreign travel and other, net

54.1
63.4
68.2
57.6
2.3
2.2
2.9
3.7
Foreign travel by U.S. residents29 (s.)
82.4
75.4
86.5
85.4
Expenditures abroad by U.S. residents (n.d.)
30
1.5
1.6
1.6
1.6
Less: Expenditures in the United States by nonresidents (s.)
Less: Personal remittances in kind to nonresidents (n.d.)
services, and other personal business services.
19. Consists of premiums, less benefits and dividends, for motor vehicle insurance.
20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares.
21. Consists of admissions to professional and amateur athletic events and to racetracks.
22. Consists of dues and fees excluding insurance premiums.
23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other
commercial participant amusements.
24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable
TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational
services, not elsewhere classified.
25. For private institutions, equals current expenditures (including consumption of fixed capital) less receipts-such
as those from meals, rooms, and entertainments-accounted for separately in consumer expenditures, and less expenditures for research and development financed under contracts or grants. For government institutions, equals
student payments of tuition.
26. For private institutions, equals current expenditures (including consumption of fixed capital) less receipts-such
as those from meals, rooms, and entertainments-accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in religious
and welfare activities.
27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational
services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research
organizations and foundations for education and research.
28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations, the expenditures are
net of receiptssucn as those from meals, rooms, and entertainmentsaccounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education and
research. For proprietary and government institutions, equals receipts from users.
29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in
1981.
30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981.
NOTE.—Consumer durable goods are designated (d.)> nondurable goods (n.d.), and services (s.).

December 1999

SURVEY OF CURRENT BUSINESS

•

59

Table 2.5.—Real Personal Consumption Expenditures by Type of Expenditure
[Billions of chained (1996) dollars]
Line
Personal consumption expenditures

1995

1996

5,070.1 5,237.5

1997

825.1

834.1

846.2

866.2

Food purchased for off-premise consumption (n.d.)
Purchased meals and beverages1 (n.d.)
Food furnished to employees (including military) (n.d.)
Food produced and consumed on farms (n.d.)
Tobacco products (n.d.)

473.7
294.6

476.7
300.5

494.0

8.2
.5
48.1

8.2
.5
48.2

480.5
309.8
8.3
.5

Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.).
Other alcoholic beverages (n.d.)

681.9
55.4

689.1
56.1

Food and tobacco

39.6

Clothing, accessories, and jewelry
Shoes (n.d.)
..
Clothing and accessories except shoes 2
Women's and children's (n.a)
Men's and boys' (n.d.)
Standard clothing issued to military personnel (n.d)
Cleaning, storage, and repair of clothing and shoes (s.)
Jewelrv and watches (d.)

.....

Others.)

Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and health clubs (s.)
Housing
Owner-occupied nonfarm dwellings-space rent 4 (s.)
Tenant-occupied nonfarm dwellings rent 5 (s.)
Rental value of farm dwellings (s.)
Other 6 (s.)
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances* ( d j
China, glassware, tableware, and utensils (d.)
Other durable house furnishings8 (d.)
Semidurable house furnishings9 (n.d.)
Cleaning and polishing preparations, and miscellaneous household
supplies and paper products (n.d),
Stationery and writing supplies (n.d.)
Household utilities
Electricity (s.)
Gas (s.)
Water and other sanitary services (s.)
Fuel oil and coal (n.d.)
Telephone and telegraph (s.)
Domestic service (s.)
Other 10 (s.)
Medical care
Drug preparations and sundries" (n.d.)
Ophthalmic products and orthopedic appliances (d.)..
Physicians (s.)
Dentists (s.)
Other professional services 12 (a.)
Hospitals and nursing homes 13
Nonprofit (s.)
Proprietary (s)
Government (s)
Nursing homes (s)
Health insurance
Medical care and hospitalization " (s.)
Income loss 1 5 (s.)
Workers' compensation 16 (s.)

47.1

317.6
8.4
.5
45.8

57.4

716.5
60.0

42.0

44.1

312.9

333.3

348.8

375.8

36.8
2075
132.3
74.9
.3
12.4
36.7
19.5

38.8
219.5
140.8
78.6
.3
12.7
40.3
21.7

40.1
230.7
148.0
82.7
.3
13.2
42.8
21.8

42.0
249.8
160.6
89.2
.3
12.9
47.7
23.2

71.6

75.1

48.0
23.5

50.5
24.6

52.9
25.4

763.7

772.6

786.5

805.6

546.1
181.6
6.3
29.7

555.4
180.6
6.2
30.2

180.9
6.0
30.6

182.6

564.2

589.2

611.2

643.7

48.1
29.1
23.5
47.8
29.0
48.5

50.9
30.0
25.4
50.5
31.0
49.8

54.2
31.0
27.3
53.1
33.3
51.0

57.2
32.9
28.9
57.1
36.2
52.9

18.4
180.6
92.5
32.8
39.8
15.7
88.1
13.7
37.2

18.8
185.0
93.3
35.5
40.7
15.6
97.1
13.6
37.1

19.1
164.6
93.3
345
42.0
15.1
103.7
13.5
40.4

19.9
187.1
99.3
30.7
42.9
14.5
114.6
15.2
42.1

907.8

932.3

956.6

987.4

94.1

100.3

106.5
19.1
204.1

112.6
20.5
212.2
50.2
123.8
410.4
344.3
219.8
42.7
81.9
66.2
57.9
46.3
1.1
10.5

45.2
23.1

16.0
193.8
48.7
114.9
381.5
320.0
211.1
36.1
72.8
61.6
58.9
47.1
.9

10.9

17.6
199.1
48.4
119.7

390.8
327.6
213.5

586.6

49.7
120.4
400.8
336.5
216.9

38.7
75.4

41.3

63.2
56.6
45.3
1.0
10.3

64.3
56.0
45.0
1.0
10.0

78.3

5.9
30.5

NoiE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.




Une

1998

5,433.7 5,698.6

Personal business
Brokerage charges and investment counseling (s.)
Bank service charges, trust services, and safe deposit box rental
(8.).
Services furnished without payment by financial intermediaries
except life insurance carriers (s.).
Expense of handling life insurance and pension plans 17 (s.)
Legal services (s.)
Funeral and burial expenses (s.)
Other 18 (s.)
Transportation
User-operated transportation
New autos (d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and leasing
(s.).
Gasoline and oil (n.d.)
Bridge, tunnel, ferry, and road tolls (s.)
Insurance19 (s.)
Purchased local transportation
Mass transit systems (s.)
Taxicab (s.)
Purchased intercity transportation
Railway (s.)
Bus (s.)
Airline
Other
Recreation
Books and maps (d.)
Magazines, newspapers, and sheet music (n.d.)
Nondurable toys and sport supplies (n.d.)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (d.).
Video and audio goods, including musical instruments, and
computer goods (d.).
Video and audio goods, including musical instruments (d.)
Computers, peripherals, and software (d.)
Radio and television repair (s.)
Flowers, seeds, and potted plants (n.d.)
Admissions to specified spectator amusements
Motion picture theaters (s.)
Legitimate theaters and opera, and entertainments of nonprofit
institutions (except athletics) (s.).
Spectator sports 21 (s.)
Clubs and fraternal organizations22 fe.) ....
Commercial participant amusements23 (s.)
Pari-mutuel net receipts (s.).,
Other 24 (s.)
Education and research ..
Higher education 25 (s.)
Nursery, elementary, and secondary schools 26 (s.) ....
Other 27 (s.)

67

1995

1996

1997

418.8

435.1

477.5

505.5

36J
40.5

43.2
42.9

51.1
45.7

60.9
51.7

168.3

177.0

203.1

215.5

87.0
49.7
14.0
23.6

81.3
51.5
14.5
24.8

84.5
52.9
14.6
26.0

82.4
53.8
14.7
27.6

574.7

594.6

616.4

532.3
83.5
51.2
81.9
36.8
124.5

550.2
81.9
51.4
84.3
38.7
134.2

570.3
82.7
54.8
86.4
39.9
143.9

606.1
91.2
57.6

120.2
3.5
30.6
11.4
7.8
3.6
31.0
.7
1.6
24.3
4.4

124.2
3.7
31.8
11.2
7.7
3.5
33.3
.6
1.8

126.2
3.9
32.5

26.2
4.7

27.4
4.6

127.7
3.9
33.6
12.0
8.3
3.7
35.7
.7
1.8
28.3
4.9

398.7

429.6

23.9
27.2
47.4
38.5

24.9
27.6
50.6
40.5

26.3
29.2
54.2
43.4

26.8
30.9
61.1
47.9

67.3

80.0

97.0

124.5

53.6
14.6
3.7
13.4
20.2
5.8
8.0

56.4
23.6
3.7
14.9
20.7
5.8
8.0

38.1
3.8
16.1
21.6
6.2

68.2
63.9
3.8
16.8
22.6
6.5
8.9

6.4
13.1
45.1
3.6
96.2

6.9
14.0
48.3
3.5
100.8

6.9
14.1
51.1
3.5
105.1

7.2
14.1
53.8
3.5
110.8

119.2

122.3

126.1

130.1

65.6
27.4
26.2

66.1
27.4
28.8

66.7
28.1
31.4

66.7
28.3
35.2

11.6
8.0
3.6
34.5
.7
1.8

100.6
42.3
149.0

512.2

Religious and welfare activities 28 (s.)

138.7

146.8

145.9

154.7

Foreign travel and other, net

-21.4

-24.1

-20.7

-11.8

55.3
2.3
77.4
1.7

57.6
2.2
82.4
1.5

62.3
3.3
84.7
1.6

68.5
4.1
82.7
1.6

-2.8

.1

-3.2

-17.3

Foreign travel by U.S. residents 29 (s.)
Expenditures abroad by U.S. residents (n.d.)
Less: Expenditures in the United States by nonresidents30 (s.)....
Less: Personal remittances in kind to nonresidents (n.d.)
Residual

The residual line is the difference between the first line and the sum of the most detailed lines.
See notes and footnotes to table 2.4.

60 • December 1999

SURVEY OF CURRENT BUSINESS
Table 2.6.—Personal Consumption Expenditures by Type of Product
[Billions of dollars]
Une

Personal consumption expenditures

1995

1996 1997

Line

4,969.0 5,237.5 5,524.4 5,848.6
589.7

616.5

642.9

249.3
82 2
50.0
80.2
36.9

256.3
81.9
51.4
84.3
38.7

263.1
82.8
53.4
87.2
39.7

289.2
90.6
55.5
101.4
41.7

Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio goods, including musical instruments, and
computer goods (91).
Video and audio goods, including musical instruments (92) ....
Computers, peripherals, and software (93)
Other durable house furnishings (32)

225.0
47.5
29.1
23.8
77.0

236.9
50.9
30.0
25.4
80.0

249.5
54.1
30.9
27.1
84.0

268.7
57.0
32.3
29.2
92.6

55.9
21.0
47.7

56.4
23.6
50.5

57.8
26.2
53.4

625
30.4
57.6

Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)

115.4
15.8
38.5

123.3
17.6
40.5

130.3
19.4
43.2

140.3
21.2
47.1

38.1
23.1

40.3
24.9

41.2
26.6

445
27.8

DUFBDIO 0 0 0 0 8

•^^••••••••••••••••••••••••••••^••••••••••••••••••••••••••••••••••••••••••tiii*«i«R*«

Motor vehicles and parts
New autos (70)
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)

.

Nondurable goods

1,497.3 1,574.1 1,641.7 i,7oas
755.8
459.8
287.5
8.4

786.0
476.7
300.5
8.7

817.0
489.5
318.5
9.0

853.4
509.4
334.7
9.3

Addenda: Food excluding alcoholic beverages(8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)

663.2
54.2

689.1
56.1

715.2
58.3

745.2
61.3

38.4

40.7

43.5

46.9

Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes

247.8
37.1
135.5

258.6
38.8
140.8

271.2
40.0
147.7

286.3
41.6
155.6

Food
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).

75.2

78.9

83.5

Gasoline, fuel oil, and other energy goods
Gasoline and oil (75)
Fuel oil and coal (40)

127.4
113.3
14.1

139.7
1245
15.6

141.4
126.2
15.2

126.2
112.9
135

Other

366.4

389.8

412.1

442.9

46.7
45.0
29.7
47.3

48.2
48.0
31.0

49.3
50.6
32.6
51.5

54.0
53.8
34.6
54.3

92.1
47.2
17.7
.7
262
13.8

100.3
50.6
18.8
.6
27.6
14.9

108.1
53.7
20.0
1.3
29.5
15.6

116.8
57.7
21.3
2.0
31.9
16.5

Men's and boys' clothing and accessories except shoes (15+16)

Tobacco products (7)
Toilet articles and preparations (21)
Semidurabie house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89)
Stationery and writing supplies (35)
Net foreign remittances (111 less 113)
Magazines, newspapers, and sheet music (88)
Flowers seeds and Dotted Dlants (95)
Services
Housing

2,882.0 3,047.0
740.8

772.5

NOTE.—The figures in parentheses are the line numbers of the corresponding items in table 2.4.




3,441.5
809.8

855.9

1995

1996

1997 1998

529.3
177.0
6.0
28.5

555.4
180.6
6.2
30.2

585.5
186.0
6.4
31.9

622.6
193.6
6.6
33.1

Household operation
Electricity (37)
Gas (38)
Water and other sanitary services (39).
Telephone and telegraph (41)
Domestic service (42)
Other (43)

298.1
91.0
31.5
38.4
87.8
13.3
36.1

317.3
93.3
35.5
40.7
97.1
13.6
37.1

332.7
93.8
36.6
43.0
103.9
13.8
41.6

346.9
95.9
32.2
45.4
113.1
16.0
44.2

Transportation
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation ....
Mass transit systems (79)
Taxicab (80)
Purchased intercity transportation
Railway (82)
Bus (83) . .
Airline (84)
Other (85)

197.7
155.3
122.2

214.2
169.7
134.2

234.4
186.3
145.9

245.2
195.9
153.8

33.1
10.4
7.1
3.2
32.1
.6
1.6
25.5
4.3

35.5
11.2
7.7
3.5
33.3
.6
1.8
26.2
4.7

40.3
11.8
8.1
3.7
36.3
.7
1.8
29.0
4.7

42.1
12.1
8.4
3.7
37.2
.7
2.0
29.5
5.1

Medical care
Physicians (47)
Dentists (48)
Other professional services (49)
Hospitals and nursing homes (50)
Health insurance (56)

780.7
192.4
46.5
112.9
370.9
58.0

814.4
199.1
48.4
119.7
390.8
56.6

850.2
206.9
52.0
125.1
408.5
57.6

894.3
219.6
54.8
131.8
428.4
59.8

Recreation
Admissions to specified spectator amusements (96) .
Other (94+100+101+102+103)

176.0
19.2
156.8

191.1
20.7
170.3

205.3
22.2
183.2

221.0
23.8
197.3

Other
Personal care
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other (19)
Personal business
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers (63).
Expense of handling life insurance and pension plans (64)
Legal services (65)
Funeral and burial expenses (66)
Other (67)
Education and research
Higher education (105)
Nursery, elementary, and secondary schools (106)
Other (107)
Religious and welfare activities (108)
Net foreign travel
Foreign travel by U.S. residents (110)
Less: Expenditures in the United States by nonresidents (112)

688.7
53.8
12.2
22.4
19.2
406.8
36.5
38.3

737.5
58.0
12.7
235
21.7
435.1
43.2
42.9

807.4
61.2
13.5
25.5
22.3
488.3
50.9
47.9

878.2
64.1
13.4
26.8
24.0
528.6
59.2
55.7

166.1

177.0

203.3

218.4

81.8
48.0
13.3
22.7
114.5
62.9
26.4
25.2
134.9
-21.4
54.1
75.4

81.3
51.5
14.5
24.8
122.3
66.1
27.4
28.8
146.8
-24.8
57.6
82.4

55.0
15.3
26.9
130.7
69.2
29.0
32.4
150.3
-23.1
63.4
86.5

91.3
58.5
16.0
29.5
139.2
71.8
30.1
37.3
163.5
-17.3
68.2
85.4

Owner-occupied nonfarm dwellings-space rent (24).
Tenant-occupied nonfarm dwellings rent (25)
Rental value of farm dwellings (26)
Other (27)

90
91
92
93
94
95
96
97
98
99
100
101

SURVEY OF CURRENT BUSINESS

61

December 1999

Table 2.7.—Real Personal Consumption Expenditures by Type of Product
[Billions of chained (1996) dollars]
Line
Personal consumption expenditures

1995
5,070.1

1996

616.5

657.4

731.5

Motor vehicles and parts ...
Newautos(70)
Net purchases of used autos (71) ...
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)

253.4
83.5
51.2
81.9
36.8

256.3
81.9
51.4
84.3
38.7

263.8
82.7
54.8
86.4
39.9

291.9
91.2
57.6

Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio goods, including musical instruments, and
computer goods (91).
Video and audio goods, including musical instruments (92) ....
Computers, peripherals, and software (93)
Other durable house furnishings (32)

215.4
48.1
29.1
23.5
67.3

236.9
50.9
30.0
25.4
80.0

262.1
542
31.0
27.3
97.0

297.4
57.2
32.9
28.9

53.6
14.6
47.8

56.4
23.6
50.5

60.3
38.1
53.1

685
63.9
57.1

Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)
.
..,

115.0
16.0
38.5

123.3
17.6
40.5

131.6
19.1
43.4

142.7
20.5
47.9

36.7
23.9

40.3
24.9

42.8
26.3

47.7
26.8

.".......

Nondurable goods
Food
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).

100.6
42.3

124.5

1,529.0 1,574.1 1,619.9 1,685.3
777.0
473.7
294.6
8.7

786.0
476.7
300.5
8.7

799.1
480.5
8.8

820.6
494.0
317.6
8.9

699.7
57.4

716.5
60.0

309.8

Addenda: Food excluding alcoholic beverages(8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)

681.9
55.4
39.6

40.7

42.0

44.1

Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes

244.3
36.8
132.3

258.6
38.8
140.8

271.1
40.1
148.0

292.2
42.0
160.6

56.1

75.2

78.9

83.0

89.5

Gasoline, fuel oil, and other energy goods
Gasoline and oil (75)
Fuel oil and coal (40)

135.9
120.2
15.7

139.7
1245
15.6

141.3
126.2
15.1

142.1
127.7
14.5

Other
Tobacco products (7)
Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89)
Stationery and writing supplies (35)
Net foreign remittances (111 less 113).,
Magazines, newspapers, and sheet music (88) ....
Flowers, seeds, and potted plants (95)

372.0
48.1
452
29.0
48.5

48.2
48.0
31.0

408.5
47.1
50.5
33.3
51.0

430.6
45.8
52.9
36.2
52.9

106.5
54.2
19.1
1.7
29.2
16.1

112.6
61.1
19.9
2.4
30.9
16.8

Men's and boys' clothing and accessories except shoes (15+16)

Services
Housing

94.1
47.4
18.4
.6

100.3
50.6
18.8
.6

272
13.4

27.6
14.9

2,957.8 3,047.0
763.7

772.6

3,156.7 3,284.5
786.5

1997

1998

569.0

29.7

555.4
180.6
6.2
30.2

586.6
182.6
5.9
30.5

304.0
92.5
32.8
39.8
88.1
13.7
37.2

317.3
93.3
35.5
40.7
97.1
13.6
37.1

327.1
93.3
34.2
42.0
103.7
13.5
40.4

344.3
99.3
30.7
42.9

Transportation „
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab (80)
Purchased intercity transportation
Railway (82)
Bus (83)
Airline (84)
Other (85)

201.0
158.6
124.5

214.2
169.7
134.2

226.3
180.2
143.9

234.2
186.4
149.0

34.1
11.4
7.8
3.6

35.5
11.2
7.7
3.5
33.3

1.6
24.3
4.4

.6
1.8
26.2
4.7

36.4
11.6
8.0
3.6
34.5
.7
1.8
27.4
4.6

37.5
12.0
8.3
3.7
35.7
.7
1.8
28.3
4.9

Medical care
Physicians (47)
Dentists (48)
Other professional services (49)
Hospitals and nursing homes (50)
Health insurance (56)

797.7
193.8
48.7
114.9
381.5

814.4
199.1
48.4
119.7
390.8

831.0
204.1
49.7
120.4
400.8

58.9

56.6

56.0

854.4
212.2
50.2
123.8
410.4
57.9

Recreation
Admissions to specified spectator amusements (96)
Other (94+100+101+102+103)
,

181.7
20.2
161.6

191.1
20.7
170.3

199.1
21.6
177.6

208.8
22.6
186.1

Other
Personal care
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other ( 1 9 ) „
Personal business
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers (63).
Expense of handling life insurance and pension plans (64)
Legal services (65)
Funeral and burial expenses (66)
Other (67)
Education and research
Higher education (105)
Nursery, elementary, and secondary schools (106)
Other (107)
Religious and welfare activities (108)
Net foreign travel
Foreign travel by U.S. residents (110)
Less: Expenditures in the United States by nonresidents (112)

709.6
55.1
12.4
23.1
19.5
418.8
36.1
40.5

737.5
58.0
12.7
23.5
21.7
435.1
43.2
42,9

786.6
59.5
13.2
24.6
21.8

837.3
61.5
12.9
25.4
23.2

477.5
51.1
45.7

505.5
60.9
51.7

168.3

177.0

203.1

215.5

100
101

87.0
49.7
14.0
23.6
119.2
65.6
27.4
26.2
138.7
-22.1
55.3
77.4

81.3
51.5
14.5
24.8
122.3
66.1
27.4
28.8
146.8
-24.8
57.6
82.4

84.5
52.9
14.6
26.0
126.1
66.7
28.1
31.4
145.9
-22.4
62.3
84.7

82.4
53.8
14.7
27.6
130.1
66.7
283
35.2
154.7
-14.3
68.5
82.7

102

-2.6

-3.3

-17.1

Owner-occupied nonfarm dwellings-space rent (24)
Tenant-occupied nonfarm dwellings rent (25)
Rental value of farm dwellings (26)
Other (27)
Household operation
Electricity (37)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)

Residual

31.0
.7

99

805.6

.
.
.
..
...
,
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.




1996

546.1
181.6
6.3

Line

583.5

Durable goods

1995

1997

5,237.5 5,433.7

The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.5.

The figures in parentheses are the line numbers of the corresponding items in table 2.4.

180.9
6.0

30.6

114.6
15.2
42.1

62 • December 1999

SURVEY OF CURRENT BUSINESS
Table 2.8.—Personal Income by Type of Income
[Billions of dollars; months seasonally adjusted at annual rates]
Wage and salary disbursements

Proprietors' income with
inviAntaiv wohidtiAn onH

Private industries
Year and month

Personal

income

All
industries

Goods-producing
Total
Total

1995
1996
1997
1998

Manufacturing

GovernDistributive

Other
labor
income

Service

inventory vaiuaiiun ana
capital consumption
adiustr" 00 **
Farm

Nonfarm

Rental income

of persons

with capital
consumption
adjustment

Personal
dividend
income

Personal
interest
income

Transfer
payments to
persons

Less:
Personal
contributions
for social
insurance

6,200.9
6.547.4
6,951.1
7,358.9

3,424.7
3,626.5
3,888.9
4,186.0

2,802.0
2,985.5
3,224.4
3,493.2

863.6
908.2
975.5
1,038.7

647.5
673.7
718.8
757.5

782.1
822.4
879.1
944.6

1,156.3
1,254.9
1,369.8
1,509.9

622.7
641.0
664.4
692.8

497.0
490.0
500.9
515.7

22.2
34.3
29.5
25.1

475.5
510.5
549.1
581.0

117.9
129.7
130.2
137.4

254.0
297.4
333.4
348.3

792.5
810.6
854.9
897.8

885.9
928.6
962.4
983.6

268.8
280.4
298.1
315.9

December

6,095.0
6,109.6
6,125.1
6,148.4
6,157.8
6,183.6
6,203.7
6,223.4
6,250.7
6,278.2
6,304.4
6,331.3

3,353.0
3,363.9
3,372.8
3,396.1
3,392.3
3,414.2
3,434.0
3,444.9
3,462.7
3,477.3
3,488.8
3,496.2

2,7355
2,744.8
2,753.5
2,7765
2,772.1
2,791.7
2,810.8
2,821.0
2,8385
2,851.4
2,861.6
2,867.3

850.8
853.1
854.6
859.3
855.9
860.1
865.7
867.0
871.7
874.0
876.4
874.4

640.6
641.0
641.7
645.5
642.9
644.9
649.3
649.6
652.3
6535
654.9
654.1

766.8
768.5
769.9
777.2
774.7
780.6
784.0
787.8
791.6
792.3
795.3
796.5

1,117.6
1,123.2
1,128.9
1,139.8
1,141.4
1,151.0
1,161.1
1,166.2
1,174.9
1,185.1
1,190.0
1,196.4

617.8
619.1
619.3
619.8
6205
622.5
6235
623.9
624.5
625.9
6275
628.9

503.9
502.2
500.6
499.7
498.5
497.3
496.1
495.0
493.9
492.9
492.0
491.2

22.4
21.3
20.4
19.8
19.6
19.6
19.3
20.3
21.9
25.5
27.4
29.0

465.7
467.0
468.8
467.9
471.9
475.6
476.5
480.6
480.4
481.7
484.0
485.9

116.9
117.0
116.8
115.2
115.0
115.1
115.1
116.4
118.3
118.2
124.7
126.6

248.5
248.0
248.6
249.6
250.8
252.0
2505
250.5
254.8
257.7
263.5
273.1

782.5
784.8
787.1
790.1
792.0
793.4
793.6
794.7
795.9
798.2
798.9
799.0

865.9
870.3
875.3
876.9
884.4
884.5
888.2
891.2
894.0
898.9
897.9
903.5

264.0
264.8
265.4
267.0
266.7
268.2
269.4
270.1
271.2
272.1
272.8
273.3

1996
January
February
March
April
May .„
June
July
August
September
October
November
December........

6,352.5
6,413.2
6,449.7
6,472.0
6,506.8
6,549.5
6,563.5
6,595.9
6,631.9
6,643.4
6,676.4
6,713.8

3,499.8
3,541.6
3,559.8
3,574.7
3,597.2
3,631.1
3,632.1
3,657.6
3,682.2
3,688.4
3,713.1
3,740.3

2,868.4
2,906.9
2,923.1
2,936.8
2,9575
2,991.0
2,990.7
3,014.4
3,037.4
3,042.5
3,065.8
3,091.7

871.4
887.3
887.6
897.2
902.5
909.3
912.9
917.9
921.9
923.7
929.7
936.4

648.4
660.6
659.1
667.8
670.7
674.8
677.5
680.2
682.8
683.0
686.9
692.9

794.2
804.9
811.3
809.3
814.9
825.7
821.0
828.6
835.4
835.1
840.6
847.8

1,202.8
1,214.7
1,224.2
1,230.3
1,239.8
1,255.9
1,256.8
1,267.9
1,280.1
1.283.7
1,295.5
1,307.5

631.4
634.7
636.8
637.9
640.0
640.1
641.4
643.1
644.8
645.9
647.3
648.6

490.5
489.9
489.5
489.2
489.1
489.1
489.3
489.6
490.0
490.4
491.3
492.5

29.6
31.0
32.6
35.1
36.5
37.4
38.6
38.2
37.0
32.7
31.4
30.9

486.6
495.7
502.1
504.2
512.9
513.7
515.1
513.6
517.8
520.2
520.9
522.9

127.7
128.6
129.1
128.8
129.0
129.3
129.7
130.1
130.5
131.0
131.4
131.8

280.1
286.6
291.1
289.1
289.3
292.8
297.5
302.7
307.0
308.5
310.7
313.6

796.2
796.8
798.6
803.0
805.9
808.8
811.5
814.6
817.8
821.2
824.6
828.2

914.6
918.1
923.3
925.2
925.5
928.1
930.5
931.8
933.4
935.1
938.7
941.0

272.6
275.2
276.3
277.2
278.5
280.7
280.7
282.3
283.8
284.1
285.7
287.4

6,764.3
6,808.2
6,850.3
6,872.1
6,899.7
6,930.1
6,955.7
6,997.3
7,027.4
7,067.4
7,108.0
7,132.7

3,757.9
3,792.1
3,818.3
38302
3,848.0
3,867.1
3,886.4
3,920.3
3,939.6
3,969.5
4,010.9
4,025.8

3,102.9
3,135.1
3,160.5
3,170.7
3,187.4
3,204.3
3,220.8
3,253.1
3,271.1
3,298.6
3,337.7
3,350.8

944.5
952.2
959.9
962.9
966.3
968.5
973.2
979.7
985.7
995.8
1,004.8
1,012.4

698.4
702.7
708.2
710.9
711.7
713.4
716.5
720.9
724.8
733.2
740.1
744.8

848.9
855.8
864.2
865.5
868.9
872.3
877.1
888.1
892.0
897.9
910.0
908.8

1,309.6
1,327.1
1,336.4
1,342.2
1,352.2
1.363.5
1,370.5
1,3855
1.393.4
1,404.9
1,422.9
1,429.7

655.0
657.0
657.8
659.6
660.6
662.9
665.6
6675
668.5
670.9
6735
675.0

494.9
496.3
497.4
498.1
499.1
500.2
501.3
502.3
503.5
504.6
505.8
507.0

32.7
32.6
32.2
30.8
30.2
29.6
29.5
28.9
28.2
28.1
26.5
24.3

532.1
537.8
539.8
541.8
544.9
548.0
551.6
552.8
557.7
562.2
558.5
562.4

132.3
132.5
132.5
132.5
132.1
131.5
130.3
129.4
128.5
126.8
126.5
126.8

316.8
3205
323.8
327.0
330.3
333.4
335.9
338.5
341.0
343.0
344.7
345.7

831.4
835.5
840.1
846.5
850.8
854.5
856.0
859.5
863.6
870.0
873.8
876.8

956.1
953.3
959.9
959.6
959.9
962.5
962.7
965.4
966.5
966.2
966.8
970.2

289.9
292.2
293.8
294.5
295.6
296.8
297.9
300.0
301.2
303.0
305.5
306.3

July
August
September
October
November
December

7,158.3
7,196.2
7,229.6
7,261.0
7,296.7
7,331.2
7,380.2
7,419.3
7,441.3
7,481.5
7,556.5
7,554.5

4,049.6
4,079.9
4,099.0
4,122.4
4,151.0
4,165.3
4,199.3
4,232.5
4,241.4
4,272.0
4,301.1
4,318.8

3,369.9
3,396.8
3,414.2
3,435.3
3,461.6
3,474.0
3,505.8
3,535.4
3,542.0
3,5715
3,598.4
3,614.0

1,016.4
1,020.3
1,024.3
1,030.1
1,033.6
1,032.7
1,041.2
1,046.5
1,049.0
1,053.7
1,056.4
1,059.7

744.6
747.5
750.9
753.1
756.0
754.3
758.6
762.5
765.8
766.0
765.5
765.2

913.9
921.6
923.4
928.5
938.0
939.5
947.9
954.3
958.4
963.8
970.9
975.0

1,439.6
1,454.8
1,466.4
1,476.6
1,490.0
1,501.7
1,516.6
1,534.6
1,534.6
1,553.6
1,571.1
1,579.3

679.7
683.1
684.9
687.0
689.4
691.4
693.5
697.1
699.4
700.9
702.8
704.8

508.2
509.5
510.8
512.1
513.5
514.8
516.2
517.6
519.1
520.6
522.1
523.6

21.0
17.1
14.4
17.8
18.6
19.6
20.9
22.8
25.0
29.6
60.0
33.7

564.0
568.8
574.4
573.6
573.7
579.2
584.2
582.1
584.4
592.4
595.3
600.3

128.4
129.5
130.8
132.3
133.8
135.5
137.5
139.3
141.1
143.3
150.9
146.7

345.7
346.1
346.6
346.8
346.9
3475
347.4
347.8
348.9
350.6
351.9
353.2

876.6
879.8
883.9
890.4
895.3
900.1
907.1
909.9
910.8
906.8
906.3
906.2

973.4
975.8
980.9
978.1
977.9
984.1
984.4
985.8
989.4
986.9
991.1
995.1

308.6
310.2
311.2
312.5
314.1
314.7
316.7
318.5
318.9
320.6
322.2
323.1

1999
January
February
March
April
May
June
July
August
September
October

7,599.0
7,636.4
7,655.3
7,692.7
7,721.8
7,783.3
7,805.2
7,837.0
7,840.4
7,940.8

4,350.7
4,377.9
4,385.8
4,410.4
4,432.1
4,455.4
4,491.4
4,509.0
4,526.3
4,555.7

3,637.6
3,661.7
3,667.7
3,690.7
3,711.3
3,731.9
3,764.2
3,777.6
3,7935
3,819.2

1,060.4
1,063.8
1,064.4
1,0705
1,074.8
1,080.4
1,089.8
1,087.3
1,096.0
1,100.7

766.3
7675
767.5
770.5
774.9
779.0
786.0
785.2
790.4
792.7

981.3
989.7
987.8
993.4
996.4
1,003.1
1,009.8
1,013.1
1,014.9
1,019.4

1,596.0
1,608.2
1,615.5
1,627.1
1,640.0
1,648.4
1,664.6
1,677.2
1,682.3
1,699.1

713.1
716.1
718.1
719.8
720.8
723.5
727.2
731.4
733.1
736.5

526.1
528.1
529.8
531.3
533.0
534.8
536.8
538.6
540.3
542.1

33.6
33.7
30.1
30.1
27.3
45.0
23.7
21.6
18.9
53.8

603.7
608.0
610.8
618.4
619.4
625.8
629.4
634.4
633.0
638.4

147.6
148.8
149.3
148.6
147.3
150.5
146.3
146.2
130.2
152.4

354.6
356.0
357.6
359.3
361.2
363.0
364.9
367.0
369.0
371.1

905.8
906.8
909.6
914.3
921.0
926.2
930.4
933.6
936.2
939.2

1,004.7
1,006.6
1,012.0
1,011.3
1,013.0
1,016.4
1,018.1
1,023.2
1,024.1
1,0275

327.7
329.3
329.6
331.1
332.3
333.7
335.7
336.7
337.6
339.3

1995
January
February

March

April
May
June
July
August
September
October
November

1997
January
February
March
April
June"""".!"'"""
July
August
September
October
November
December
1998
January
February
March
April

May ..'....."...I!!
June




December 1999

SURVEY OF CURRENT BUSINESS

•

63

Table 2.9.—Personal Income and Its Disposition
[Months seasonally adjusted at annual rates]
Disposable personal income

Billions of dollars

Per capita

Less: Personal outlays
Year and month

Personal
income

Less:
Personal tax
and nontax
payments

Equals:
uisposaDie
personal
income

Total

Personal
consumption
expenditures

Interest paid
by persons

Personal
transfer
payments to
rest of the
world (net)

Equals:
Personal
saving

Total, billions
of chained
(1996)
dollars1

Population

Current dollars

Chained
(1996)
dollars1

thousands)'

Personal saving
as a percentage
of disposable
personal income

6,200.9
6,547.4
6,951.1
7,358.9

778.3
869.7
968.3
1,072.6

5,422.6
5,677.7
5,982.8
6,286.2

5,120.2
5,405.6
5,711.7
6,056.6

4,969.0
5,237.5
5,524.4
6,848.6

134.7
149.9
166.7
185.7

20.6
22.3

302.4
272.1
271.1
229.7

5,533.0
5,677.7
5,884.7
6,125.1

20,613
21,385
22,320
23,231

21,032
21,385
21,954
22,636

263,073
265,504
268,046
270,595

5.6
4.8
4.5
3.7

748.2
752.2
755.0
809.4
762.2
769.9
776.0
781.0
787.6
793.7
799.6
805.3

5,346.8
5,357.4
5,370.1
5,339.0
5,395.6
5,413.8
5,427.7
5,442.3
5,463.1
5,484.5
5,504.7
5,526.0

5,006.8
4,996.9
5,032.7
5,042.9
5,092.9
5,138.2
5,125.8
5,178.5
5,171.0
5,177.3
5,220.1
5,259.0

4,864.7
4,853.7
4,887.5
4,897.3
4,945.4
4,988.3
4,974.4
5,026.0
5,015.3
5,018.4
5,059.3
5,097.6

126.1
127.3
129.2
130.0
131.9
134.3
135.0
136.1
139.4
140.9
142.8
143.3

15.9
15.9
15.9
15.6
15.6
15.6
16.4
16.4
16.4
18.0
18.0
18.0

340.0
360.5
337.4
296.1
302.7
275.5
301.8
263.9
292.1
3072
284.6
267.0

5,507.6
5,506.1
5,509.9
5,464.6
5,514.7
5,527.9
5,532.8
5,536.4
5,553.7
5,564.1
5,582.9
5,595.4

20,411
20,439
20,472
20,339
20,538
20,590
20,625
20,662
20,721
20,785
20,847
20,915

21,025
21,006
21,005
20,817
20,992
21,024
21,025
21,019
21,065
21,087
21,143
21,177

261,953
262,123
262,311
262,506
262,707
262,929
263,158
263,396
263,645
263,869
264,055
264,216

6.4
6.7
6.3
5.5
5.6
5.1
5.6
4.8
5.3

December

6,095.0
6,109.6
6,125.1
6,148.4
6,157.8
6,183.6
6,203.7
6,223.4
6,250.7
6,278.2
6,304.4
6,331.3

1996
January
February
March
April
May.'.."".'.'."".'.!.".
June
July
August
September
October
November
December

6,352.5
6,413.2
6,449.7
6,472.0
6,506.8
6,549.5
6,563.5
6,595.9
6,631.9
6,643.4
6,676.4
6,713.8

819.4
832.6
840.2
896.4
855.3
865.7
868.7
877.4
885.8
890.1
898.0
906.3

5,533.1
5,580.6
5,609.5
5,575.6
5,651.5
5,683.8
5,694.8
5,718.5
5,746.1
5,753.3
5,778.4
5,807.5

5,251.6
5,303.3
5,321.7
5,372.1
5,389.1
5,390.4
5,408.6
5,438.2
5,454.3
5,487.9
5,507.7
5,542.3

5,090.9
5,141.8
5,158.8
5,207.7
5,223.1
5,223.2
5,239.9
5,268.2
5,282.8
5,314.8
5,332.9
5,365.9

143.3
144.2
145.5
146.4
148.1
149.2
150.4
151.7
153.3
153.7
155.5
157.1

17.4
17.4
17.4
18.0
18.0
18.0

5,588.6
5,624.9
5,639.3
5,591.1
5.659.2
5,691.5
5,691.9
5,712.0
5,728.7
5,718.6
5,733.1
5,754.2

20,930
21,096
21,190
21,046
21,316
21,420
21,442
21,511
21,596
21,604
21,681
21,777

21,139
21263
21,303
21,105
21,345
21,449
21,431
21,487
21,530
21,473
21,511
21,576

264,369
264,535
264,723
264,921
265,130
265,351
265,588
265,836
266,079
266,311
266,515
266,687

5.1
5.0

19.3
19.3
19.3

281.5
277.3
287.8
203.5
262.4
293.4
286.2
280.3
291.8
265.4
270.7
265.2

5.1
3.7
4.6
5.2
5.0
4.9
5.1
4.6
4.7
4.6

1997
January
February
March
April ,
May
June
July
August
September...
October
November....
December

6,764.3
6,808.2
6,850.3
6,872.1
6,899.7
6,930.1
6,955.7
6,997.3
7,027.4
7,067.4
7,108.0
7,132.7

925.6
935.2
941.9
946.3
954.4
962.4
969.2
979.8
986.7
996.1
1,007.9
1,014.1

5,838.6
5,873.0
5,908.4
5,925.7
5,945.3
5,967.6
5,986.5
6,017.5
6,040.7
6,071.4
6.100.0
6,118.6

5,587.7
5,610.6
5,631.5
5,629.4
5,641.3
5,679.8
5,739.5
5,761.0
5,777.6
5,802.2
5,829.4
5,850.4

5,410.2
5,431.6
5,450.6
5,446.9
5,457.8
5,494.3
5,551.5
5,571.2
5,584.7
5,607.5
5,633.9
5,652.7

157.9
159.5
161.3
162.7
163.7
165.7
166.5
168.3
171.4
173.1
173.8
176.0

19.6
19.6
19.6
19.8
19.8
19.8
21.5
21.5
21.5
21.7
21.7
21.7

251.0
262.4
276.9
296.3
304.0
287.9
247.0
256.5
263.0
269.1
270.6
2682

5,774.4
5,794.2
5,825.4
5,837.7
5,859.6
5,876.5
5,888.5
5,914.6
5,926.1
5,949.6
5,976.5
5,992.8

21,880
21,994
22,109
22,156
22212
22276
22,326
22,420
22,485
22,579
22,670
22,725

21,639
21,698
21,799
21,827
21,891
21,936
21,961
22,036
22,058
22,127
22,210
22,258

266,852
267,032
267,236
267,450
267,668
267,894
268,139
268,402
268,657
268,889
269.085
269,250

4.3
4.5
4.7
5.0
5.1
4.8
4.1
4.3
4.4
4.4
4.4
4.4

1998
January
February
March
April
May
June
July
August
September
October
November
December

7,158.3
7,196.2
7,229.6
7,261.0
7,296.7
7,331.2
7,380.2
7,419.3
7,441.3
7,481.5
7,556.5
7,554.5

1,023.7
1,033.5
1,036.3
1,046.9
1,059.2
1,067.9
1,078.2
1,091.1
1,095.6
1,102.6
1,113.7
1,122.8

6,134.6
6,162.7
6,193.3
6,214.1
6,237.6
6,263.3
6,302.0
6,328.2
6,345.7
6,379.0
6,442.8
6,431.7

5,877.6
5,918.8
5,947.6
5,970.8
6,033.9
6,058.0
6,073.4
6,105.9
6,122.1
6,163.0
6,179.5
6.228.3

5,679.4
5,719.2
5,745.5
5,767.8
5,829.8
5,850.9
5,864.1
5,895.3
5,909.4
5,947.9
5,962.8
6,010.5

177.1
178.5
180.9
181.1
1822
1852
186.4
187.6
189.7
191.7
193.4
194.4

21.1
21.1
21.1
21.8
21.8
21.8
22.9
22.9
22.9
23.3
23.3
23.3

256.9
243.9
245.7
243.3
203.7
205.4
228.6
222.3
223.6
215.9
263.3
203.4

6,005.3
6,029.5
6,059.7
6,068.1
6,083.5
6,110.9
6,137.3
6,155.6
6,171.2
6,192.6
6252.9
6234.3

22,770
22,860
22,957
23,015
23,084
23,159
23281
23,356
23,399
23,501
23,719
23,663

22291
22,366
22,462
22,475
22,514
22,596
22,673
22,719
22,755
22,814
23,020
22,937

269,409
269,583
269,782
269,995
270,216
270,446
270,690
270,949
271,199
271,432
271,633
271,803

4.2
4.0
4.0
3.9
3.3

1999
January
February
March
April
May
June
July
August
September
October

7,599.0
7,636.4
7,655.3
7,692.7
7,721.8
7,783.3
7,805.2
7,837.0
7,840.4
7,940.8

1,124.0
1,128.3
1,122.2
1,129.3
1,139.4
1,149.5
1,159.3
1,151.0
1,170.2
1,175.8

6,475.0
6,508.1
6,533.1
6,563.5
6,582.4
6,633.8
6,645.9
6.686.0
6,670.2
6,765.0

6,256.6
6,309.0
6,365.4
6,390.6
6,425.6
6,459.6
6,483.4
6,532.9
6,567.4
6,610.2

6,038.0
6,089.3
6,145.0
6,168.4
6,202.1
6,231.8
6,256.3
6,304.7
6,337.7
6,378.8

195.2
196.2
196.9
197.6
198.9
203.3
202.1
203.4
204.8
206.6

23.5
23.5
23.5
24.6
24.6
24.6
24.9
24.9
24.9
24.9

218.4
199.1
167.8
172.9
156.8
174.2
162.5
153.0
102.8
154.7

6,261.2
6291.1
6,315.5
6,308.3
6,3282
6,380.9
6,377.0
6.400.5
6,364.9
6,441.7

23,808
23,915
23,989
24,082
24,131
24299
24,321
24,444
24,364
24,689

23,022
23,117
23.190
23,145
23,200
23,372
23,337
23,401
23249
23,509

271,965
272,136
272,335
272,551
272,771
273,011
273,260
273,520
273,773
274,008

3.4
3.1
2.6
2.6
2.4
2.6
2.4
2.3
1.5
2.3

1995
1996
1997
1998
1995
January
February
March
April
May
June
July
August
September
October

November

...
...
...
...
...
...
...

1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.




16.5

182

182
182
182

5.6
52
4.8

3.3
3.6
3.5
3.5
3.4
4.1
3.2

SURVEY OF CURRENT BUSINESS

64 • December 1999

Table 2.10.—Personal Consumption Expenditures by Major Type of
Product

Table 2.11—Real Personal Consumption Expenditures by Major Type of
Product

[Billions of dollars; months seasonally adjusted at annual rates]

[Billions of chained (1996) dollars; months seasonally adjusted at annual rates]

Year and month

1995
1996
1997
1998

Personal consumption
expenditures

Durable goods

Nondurable goods

Services

Year and month

Personal consumption
expenditures

Durable goods

Nondurable goods

Services

4,969.0
5,237.5
5,524.4
5,848.6

589.7
616.5
642.9
698.2

1,497.3
1,574.1
1,641.7
1,708.9

2,882.0
3,047.0
3,239.8
3,441.5

1995
1996
1997 „
1998

5,070.1
5,237.5
5,433.7
5,698.6

583.5
616.5
657.4
731.5

1,529.0
1,574.1
1,619.9
1,685.3

2,957.8
3,047.0
3,156.7
3,284.5

4,864.7
4,853.7
4,887.5
4,897.3
4,945.4
4,988.3
4,974.4
5,026.0
5,015.3
5,018.4
5,059.3
5,097.6

587.2
565.6
581.6
569.5
585.4
598.4
587.7
608.4
592.6
591.3
597.8
610.8

1,485.0
1,468.0
1,474.5
1,482.7
1,493.9
1,500.0
1,494.8
1,502.2
1,510.9
1,506.0
1,518.3
1,531.3

2,792.5
2,820.1
2,831.4
2,845.0
2,866.1
2,890.0
2,891.9
2,915.4
2,911.8
2,921.1
2,943.1
2,955.5

1995
January
February
March
April
May .
.. ..
June
July
August
September
October
November
December

5,011.0
4,988.4
5,014.8
5,012.4
5,054.6
5,093.5
5,070.8
5,112.8
5,098.4
5,091.2
5,131.1
5,161.6

579.7
558.0
573.6
561.0
578.5
592.7
582.1
602.5
587.3
586.4
594.3
606.3

1,524.0
1,505.9
1,513.0
1,516.9
1,526.7
1,532.3
1,525.1
1,531.0
1,539.1
1,531.3
1,5462
1,556.5

2,907.2
2,925.5
2,928.6
2,935.5
2,949.8
2,968.5
2,963.9
2,9792
2,972.2
2,973.7
2,990.8
2,998.8

1996
January
February
March
.. ..
April
May
June
July
August
September
October
November
December

5,090.9
5,141.8
5,158.8
5,207.7
5,223.1
5,2232
5,239.9
5,268.2
5,282.8
5,314.8
5,332.9
5,365.9

598.8
612.9
607.6
624.5
626.6
612.7
610.9
621.0
618.2
623.9
620.7
619.9

1,527.4
1,541.8
1,549.6
1,567.4
1,571.0
1,569.7
1,572.4
1,577.1
1,587.0
1,601.5
1,607.8
1,616.0

2,964.8
2,987.0
3,001.5
3,015.8
3,025.5
3,040.8
3,056.6
3,070.2
3,077.7
3,089.4
3,104.4
3,129.9

1996
January
February
March
April
May
June
July
August
September
October
November
December

5,141.9
5,182.6
5,1862
5,222.2
5,230.1
5,230.3
5,2372
5,262.3
5,266.8
5,282.8
5,291.1
5,316.5

593.5
608.5
603.3
621.9
626.3
613.0
611.9
622.7
619.6
626.1
624.6
626.4

1,545.6
1,557.6
1,558.5
1,567.9
1,569.7
1,572.0
1,572.6
1,579.0
1,584.1
1,5922
1,593.2
1,596.4

3,003.1
3,016.5
3,024.6
3,032.3
3,034.0
3,045.2
3,052.7
3,060.6
3,063.0
3,064.5
3,073.4
3,093.6

1997
January
February
March
April
May.,
June
July
August
September
October . . .
November
December

5,410.2
5,431.6
5,450.6
5,446.9
5,457.8
5,494.3
5,551.5
5,5715
5,584.7
5,607.5
5,633.9
5,652.7

640.1
631.8
636.3
624.9
622.5
635.9
650.6
656.0
649.0
641.8
661.1
664.4

1,624.5
1,629.3
1,637.7
1,621.8
1,625.3
1,6342
1,646.0
1,652.8
1,658.0
1,657.4
1,658.8
1,655.0

3,145.6
3,170.4
3,176.5
3,200.1
3,210.0
3,224.2
3,254.9
3,262.4
3,277.8
3,308.2
3,314.0
3,333.3

1997
January
February
March
April
May
June
July
August
September
October
November
December

5,350.6
5,358.6
5,374.0
5,366.0
5,379.1
5,410.3
5,460.6
5,475.9
5,478.8
5,495.0
5,519.7
5,536.5

646.9
636.9
642.4
635.0
634.6
649.4
666.3
674.8
668.2
662.2
684.1
687.6

1,602.5
1,606.6
1,618.0
1,600.3
1,606.8
1,617.7
1,628.6
1,6312
1,632.3
1,631.4
1,633.6
1,630.4

3,101.5
3,115.1
3,113.7
3,130.4
3,137.4
3,143.3
3,166.3
3,170.9
3,178.7
3,201.2
3,202.9
3,219.3

December

5,679.4
5,7192
5,745.5
5,767.8
5,829.8
5,850.9
5,864.1
5,895.3
5,909.4
5,947.9
5,962.8
6,010.5

679.3
680.8
677.4
677.7
702.3
701.6
685.8
701.9
703.0
715.2
718.4
734.8

1,663.8
1,678.6
1,681.6
1,693.0
1,704.2
1,706.5
1,715.0
1,7162
1,718.5
1,731.3
1,742.9
1,754.6

3,336.3
3,359.8
3,386.5
3,397.1
3,423.3
3,442.8
3,463.2
3,477.2
3,487.9
3,501.4
3,501.4
3,521.1

1998
January
February
March
Anril .
May
June
July
August
September
October
November
December

5,559.8
5,595.5
5,621.6
5,632.3
5,685.8
5,708.6
5,710.8
5,734.5
5,746.9
5,774.1
5,787.0
5,826.1

704.0
706.3
704.5
703.9
733.1
734.6
717.5
735.5
740.7
756.3
762.5
779.2

1,640.1
1,657.6
1,666.8
1,675.8
1,682.7
1,6872
1,693.2
1,6902
1,692.6
1,701.5
1,714.7
1,721.6

3,217.4
3,233.4
3,251.7
3,254.0
3,273.0
3,289.5
3,301.4
3,311.3
3,316.3
3,320.3
3,314.6
3,331.2

1999
January
February
March
April
May
June
July
August
September
October

6,038.0
6,089.3
6,145.0
6,168.4
6,202.1
6,231.8
6,256.3
6,304.7
6,337.7
6,378.8

721.4
741.9
753.8
745.0
752.0
757.8
753.2
765.8
766.3
770.6

1,771.2
1,790.6
1,801.6
1,818.3
1,826.3
1,829.8
1,836.3
1,854.8
1,869.5
1,878.1

3,545.4
3,556.8
3,589.6
3,605.1
3,623.8
3,644.1
3,666.8
3,684.1
3,701.9
3,730.1

1999
January
February
March
April
May
June
July
.
August
September
October

5,838.6
5,886.3
5,940.3
5,928.6
5,962.6
5,994.2
6,003.3
6,035.5
6,047.6
6,073.9

766.7
791.1
808.6
796.6
806.4
815.3
810.9
826.0
826.6
832.8

1,732.3
1,752.8
1,763.6
1,755.4
1,765.1
1,770.5
1,771.7
1,782.4
1,782.4
1,787.9

3,344.2
3,349.3
3,376.2
3,383.2
3,398.3
3,416.2
3,427.7
3,435.5
3,446.9
3,461.8

199S
January............
February
March
April
May

June

July „
August
September
October
November
December

.....

1998
January
February
March
'.....
April ,
May
June
July
August
September
October

November




NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.

SURVEY OF CURRENT BUSINESS

December 1999

• 65

3. Government Current Receipts and Expenditures.
Table 3.1.--Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line

Current receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Current expenditures
Consumption expenditures
Transfer payments (net)
To persons
To the rest of the world (net)
Interest paid
To persons and business
To the rest of the world
Less: Interest received by government
Less: Dividends received by government
Subsidies less current surplus of government
enterprises.
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Current surplus or deficit (-), national
income and product accounts.
Social insurance funds
Other
Addenda:
Net lending or net borrowing (-)
Current surplus or deficit (-), national income
and product accounts.
Plus: Consumption of fixed capital
Plus: Capital transfers received (net)
Less: Gross investment
Less: Net purchases of nonproduced assets ..




1995

1996

1997

1997

2,117.1 2,269.1 2,440.5 2,611.8 2,201.9 2,263.8 2,276.5
778.3
211.0
594.6
533.2

869.7
223.6
620.0
555.8

968.3 1,072.6
238.3
240.2
645.8
677.0
588.2
621.9

830.7
219.7
606.8
544.7

872.5
225.3
613.2
552.9

877.3
224.0
615.7
559.5

1999

2,372.3 2,414.1 2,468.6 2,507.1 2,544.8 2,586.8 2,635.3 2,680.2 2,716.6 2,754.4 2,800.8
225.6
644.3
566.1

934.2
228.9
632.5
576.6

954.4
233.2
643.0
583.4

978.6 1,006.0 1.031.2 1,058.0 1,088.3 1,113.0 1,124.8 1,139.4 1,160.2
248.0
254.4
246.8
239.9
244.3
235.6
259.1
244.1
241.1
oyo.o
652.0
676.6
697.8
706.7
663.5
719.2
655.4
670.1
647.2
591.2
626.1
633.8
653.8
610.3
662.3
601.5
617.6

2,293.7 2,384.5 2,461.8 2,523.1 2,361.4 2,373.6 2,384.3 2,418.7 2,433.8 2,453.6 2,465.6 2,494.2 2,488.0 2,512.4 2.525.9 2,566.3 2,570.3 2,598.7 2,617.9
1,133.9 1,171.8 1,222.9 1,261.0 1,154.3 1,170.0 1,173.5 1,189.5 1,203.8 1,220.7 1,228.6 1,238.5 1,236.6 1,260.1 1,265.2 1282.1

1,299.4 1,313.7 1,341.6

9.8

916.0
902.4
13.6

944.5
934.5
10.0

965.2
954.8
10.4

909.4
892.6
16.8

908.6
900.0
8.6

914.5
905.5
9.0

931.3
911.5
19.9

935.8
929.0
6.7

940.0
932.9
7.1

944.1
936.8
7.4

958.1
939.3
18.8

955.8
948.2
7.6

957.6
951.4
6.2

966.7
957.7
9.1

980.7
962.0
18.7

985.3
978.5
6.8

993.3 1,000.4
992.1
984.1
8.3
9.2

268.0
357.5
300.1
57.4
89.5

274.4
366.6
299.0
67.6
92.2

275.7
369.2
281.2
88.1
93.5

276.4
368.4
277.3
91.1
92.0

274.7
365.0
304.4
60.6
90.3

272.5
363.9
300.6
63.3
91.4

274.7
367.8
297.2
70.6
93.2

275.9
369.7
293.6
76.1
93.8

273.8
367.9
286.7
81.2
94.1

274.7
369.3
281.2
88.1
94.6

276.4
369.9
278.5
91.4
93.6

278.0
369.7
278.3
91.4
91.7

277.9
369.1
278.4
90.7
91.2

277.9
370.1
278.3
91.8
92.2

277.4
368.8
277.7
91.1
91.4

272.5
365.6
274.8
90.8
93.2

265.0
358.1
267.4
90.7
93.1

264.1
358.6
266.0
92.6
94.5

258.9
354.3
255.9
98.4
95.4

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

22.2

22.6

19.0

20.8

23.3

22.9

22.0

22.2

20.9

18.5

16.8

19.9

18.0

17.1

16.9

31.4

21.0

27.9

17.4

33.2
11.1

33.7
11.1

32.3
13.3

35.6
14.8

33.9
10.6

33.9
11.0

33.7
11.7

33.4
11.1

32.8
12.0

32.4
13.9

32.1
15.3

32.0
12.1

31.9
13.9

31.9
14.7

32.3
15.4

46.4
15.0

38.0
16.9

44.9
17.0

34.6
17.2

0

0

0

0

0

0

0

0

0

0

0

-176.7

-115.4

-21.3

88.7

-159.4

-109.8

-107.8

-84.5

-61.5

-39.5

3.0

13.0

56.9

74.4

109.5

113.9

146.3

155.7

183.0

23.9
-200.6

19.4
-134.8

32.2
-53.5

57.3
31.4

14.4
-173.8

17.9
-127.7

21.7
-129.5

23.7
-108.2

23.0
-84.6

27.9
-67.4

34.1
-31.1

43.8
-30.8

47.6
9.2

54.9
19.5

59.6

67.0
46.9

72.7
73.6

76.4
79.3

79.7
103.3

-226.5
-176.7

-171.7
-115.4

-72.9
-21.3

34.4
88.7

-220.2
-159.4

-173.7
-109.8

-166.4
-107.8

-126.4
-64.5

-117.1
-61.5

-72.3
-39.5

-57.9
3.0

-44.5
13.0

2.3
56.9

27.5
74.4

49.4
109.5

58.2
113.9

75.6
146.3

86.9
155.7

110.0
183.0

168.1
19.6
238.2
-.6

174.3
23.1
250.1
3.6

180.5
26.8
258.1

186.2
32.6
268.7
4.3

172.3
21.5
248.3
6.3

173.3
22.9
253.0
7.2

175.0
24.2
249.9
7.9

176.4
23.9
249.4
-7.1

178.2
25.6
252.1
7.3

179.9
26.6
257.9
-18.5

181.0
26.8
261.5
7.2

183.0
28.4
261.0
7.8

183.8
30.4
262.4
6.4

184.8
33.4
266.3
-1.2

186.9
31.6
273.5
5.1

189.1
34.8
272.6
7.0

192.0
35.1
289.8
8.0

194.5
37.9
292.2
8.9

197.2
34.6
294.8
9.9

0

0

0

0

66 • December 1999

SURVEY OF CURRENT BUSINESS
Table 3.2.—Federal Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates

Line

1995

1996

1997

1998

I
1

1997

1996

III

II

IV

I

II

1998

IV

III

II

I

1999

IV

III

II

1

1,383.7 1,499.1 1,627.2 1,750.7 1,446.9 1,495.6 1,503.4 1,550.5 1,573.8 1,609.0 1,648.0 1,677.8 1,704.8 1,734.4 1,770.3 1,793.3

III

18265 1,853.1 1,882.8

2
3
4

591.8
585.6
6.2

670.0
662.9
7.1

750.9
743.1
7.8

835.7
827.6
8.1

637.5
630.7
6.8

674.4
667.4
7.0

675.6
668.4
7.2

692.6
685.1
7.5

723.0
715.3
7.7

740.1
732.3
7.8

759.0
751.1
7.9

781.5
773.6
7.9

803.3
795.4
7.9

824.0
815.9
8.1

847.3
839.1
8.2

868.1
859.8
8.3

877.9
869.4
8.5

892.1
883.4
8.8

907.7
898.7
9.0

5
6
7

179.3
23.4
155.9

190.6
20.1
170.5

204.2
20.7
163.5

206.5
26.6
179.9

187.3
19.9
167.3

192.0
20.0
172.0

190.9
20.1
170.8

192.3
20.3
172.0

196.2
20.0
176.2

199.9
20.4
179.5

211.5
20.9
190.6

209.3
21.4
187.9

206.2
26.4
179.8

207.2
26.4
180.8

209.9
26.7
183.2

202.6
26.7
175.9

212.6
23.5
189.1

218.1
23.7
194.4

222.2
24.6
197.6

Indirect business tax and nontax accruals
Excise taxes
Customs duties
Nontaxes

8
9
10
11

93.0
57.8
19.8
15.3

95.1
55.7
19.2
20.2

94.9
58.9
19.6
16.4

97.3
62.9
19.6
14.8

90.4
55.2
20.1
15.0

89.0
54.4
19.3
15.4

89.7
54.0
19.7
16.0

111.3
59.3
17.7
34.4

89.4
54.0
19.0
16.4

96.7
60.0
20.3
16.4

97.2
60.6
19.9
16.7

96.2
60.9
19.3
16.0

95.8
61.0
19.4
15.4

96.4
61.9
19.4
15.0

97.7
63.1
19.9
14.7

99.6
65.7
19.6
14.3

99.5
66.3
19.0
14.1

100.0
66.9
18.8
14.2

101.9
67.2
20.5
14.2

Contributions for social insurance

12

519.6

543.3

577.2

611.2

531.8

540.2

547.2

554.2

565.2

572.4

580.4

590.8

599.5

606.9

615.4

623.1

636.5

642.9

651.1

Current expenditures

13

Personal tax and nontax receipts
Income taxes
„
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other

.

1,575.7 1,635.9 1,676.0 1,703.8 1,623.4 1,632.6 1,633.5 1,654.2 1,661.2 1,672.2 1,675.9 1,694.6 1,680.0 1,690.9 1,710.7 1,733.5 1,728.9 1,735.0 1,748.1

Consumption expenditures

14

439.2

445.3

457.0

453.5

441.8

447.0

442.9

449.4

452.7

461.6

458.1

455.6

445.1

457.4

451.4

460.0

467.0

465.2

474.6

Transfer payments (net)
To persons
To the rest of the world (net)

15
16
17

652.1
642.3
9.8

691.6
678.1
13.6

716.6
706.6
10.0

730.4
720.0
10.4

686.9
670.0
16.8

684.7
676.1
8.6

689.2
680.2
9.0

705.8
685.9
19.9

709.3
702.6
6.7

712.7
705.6
7.1

715.6
708.3
7.4

728.6
709.8
18.8

724.4
716.8
7.6

724.2
718.0
6.2

731.0
721.9
9.1

742.1
723.5
18.7

743.4
736.6
6.8

749.7
740.5
9.2

754.4
746.2
8.3

Grants-in-aid to State and local governments

18

184.5

190.4

195.7

209.3

185.5

194.0

193.0

189.2

192.8

192.2

195.9

201.7

202.1

200.8

220.2

214.2

219.9

215.7

230.6

Net interest paid
Interest paid
,
To persons and business
To the rest of the world
Less: Interest received by government

19
20
21
22
23

267.5
289.6
232.3
57.4
22.1

273.6
296.2
228.5
67.6
22.6

276.3
298.6
210.5
88.1
22.3

278.4
297.7
206.6
91.1
19.3

273.9
295.2
234.6
60.6
21.3

271.5
293.6
230.3
63.3
22.1

273.7
297.2
226.6
70.6
23.5

275.1
298.8
222.8
76.1
23.8

273.6
297.2
216.0
81.2
23.6

275.2
298.7
210.5
88.1
23.5

277.1
299.3
207.9
91.4
22.2

279.4
299.1
207.7
91.4
19.7

279.8
298.5
207.8
90.7
18.8

280.0
299.5
207.6
91.8
19.4

279.6
298.1
207.0
91.1
18.5

274.3
294.8
204.0
90.8
20.5

266.0
287.1
196.4
90.7
21.1

264.8
287.4
194.8
92.6
22.6

259.4
282.9
184.5
98.4
23.5

Subsidies less current surplus of government
Subsidies
Less: Current surplus of government enterprises ...

24

32.4

35.1

30.4

32.1

35.4

35.4

34.7

34.8

32.7

30.5

29.1

29.2

28.6

28.4

28.5

42.9

32.6

39.5

29.1

25
26

32.9
.6

33.4
-1.7

31.9
1.5

35.1
3.0

33.6
-1.8

33.6
-1.9

33.4
-1.3

33.0
-1.8

32.4
-.3

32.0
1.5

31.7
2.5

31.5
2.3

31.4
2.8

31.4
3.0

31.8
3.3

45.9
3.0

37.5
4.8

44.4
4.9

34.1
5.0

27

0

0

0

0

0

0

0

28

-192.0

-136.8

-48.8

46.9

-176.5

-137.0

-130.1

-103.7

-87.4

-63.2

-27.9

-16.8

24.9

43.5

59.6

59.7

97.6

118.1

134.7

Social insurance funds
Other

29
30

19.9
-211.9

16.7
-153.5

31.0
-79.9

56.4
-4.4

11.2
-187.6

15.0
-151.9

19.1
-149.2

21.6
-125.3

21.5
-108.9

26.7
-89.9

33.1
-61.0

42.9
-59.7

46.7
-21.8

53.9
-10.4

58.6
1.0

66.3
-6.6

72.2
25.4

75.6
42.5

78.9
55.9

Addenda:
Net lending or net borrowing (-)
Current surplus or deficit (-). national income

31
32

-195.7
-192.0

-144.7
-136.8

-43.8
-48.8

51.1
46.9

-192.8
-176.5

-152.3
-137.0

-140.0
-130.1

-93.5
-103.7

-87.1
-87.4

^0.0
-63.2

-31.7
-27.9

-16.5
-16.8

30.0
24.9

55.3
43.5

58.3
59.6

60.8
59.7

96.2
97.6

108.3
118.1

121.4
134.7

33
34
35
36

84.0
-12.8
82.3
-7.4

85.3
-10.7
86.3
-3.8

86.6
-8.4
80.8
-7.6

87.4
-<3.6
85.2
-5.6

85.0
-13.3
88.8
-.3

85.1
-10.2
90.2
0

85.5
-8.8
86.2
.4

85.7
-10.3
80.0
-14.8

86.1
-4.2
77.4
-.8

86.4
-8.7
81.4
-26.9

86.6
-3.2
828
-1.5

87.1
-6.7
81.5
-1.3

87.0
-4.1
81.0
-3.2

87.0
-1.5
84.8
-11.1

87.5
-5.5
88.3
-5.0

88.1
-3.4
86.7
-3.1

89.6
-2.7
90.4
-2.1

90.2
-4.8
96.4
-1.1

91.2
-9.7
94.8
0

Less: Wage accruals less disbursements
Current surplus or deficit (-), national

Plus" Consumption of fixed capital
Plus: Capital transfers received (net)
Less: Gross investment
Less: Net purchases of nonproduced assets




0

0

0

0

0

0

0

0

0

0

0

0

SURVEY OF CURRENT BUSINESS

December 1999 •

6j

Table 3.3.—State and Local Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Une

1995

1996

1997

1998

1997

1996
I

II

III

IV

I

II

1999

1998
III

I

IV

II

III

I

IV

II

III

1

917.9

960.4 1,009.0 1,070.4

940.4

962.2

966.1

972.9

991.3

997.4 1,016.5 1,031.1 1,042.1 1,053.2 1,085.3 1,101.1 1,110.0 1,117.0 1,148.6

Personal tax and nontax receipts
Income taxes
Nontaxes
Other

2
3
4
5

186.5
142.5
27.1
17.0

199.6
152.9
29.2
17.5

193.2
147.5
28.4
17.3

198.1
151.7
29.0
17.4

201.7
154.6
29.5
17.6

205.5
157.8
30.0
17.7

211.2
162.8
30.5
17.9

214.3
165.2
31.0
18.1

Corporate profits tax accruals

6

31.7

33.0

34.0

33.8

32.4

33.3

33.1

33.3

32.7

33.3

35.3

34.8

33.7

33.9

34.4

33.1

35.4

36.4

36.9

Indirect business tax and nontax accruals
Sales taxes
Prooertv taxes
Other...

7
8
9
10

501.6
243.6
203.5
54.5

524.9
255.6
211.4
58.0

550.9
269.3
218.7
62.9

579.6
284.3
2255
69.8

516.4
251.5
208.4
56.5

524.2
255.5
210.4
58.2

526.0
255.9
212.4
57.8

533.0
259.4
214.3
59.4

543.1
266.3
216.1
60.8

546.4
266.2
217.9
62.3

554.8
270.1
219.6
65.1

559.3
274.6
221.3
63.3

567.7
278.3
223.9
65.5

573.8
282.8
225.6
65.4

579.0
284.8
226.4
67.7

598.2
291.1
2263
80.8

597.1
298.5
229.5
69.1

606.8
303.7
232.8
70.3

617.3
309.7
236.1
71.5

Current receipts

£17.4
168.0
31.3
18.2

236.9
184.7
33.2
19.0

219.6
169.8
31.5
18.3

224.5
174.0
32.0
18.5

227.8
176.6
32.5
18.7

234.0
182.1
32.9
18.9

241.0
188.4
33.5
19.1

244.9
191.6
34.0
19.3

246.9
192.9
34.5
19.5

247.3
192.5
35.1
19.7

252.5
197.0
35.6
19.9

Contributions for social insurance

11

13.6

12.5

11.0

10.7

12.9

12.6

12.3

11.9

11.4

11.1

10.8

10.7

10.8

10.7

10.7

10.7

10.7

10.9

11.2

Federal grants-in-aid

12

184.5

190.4

195.7

209.3

185.5

194.0

1930

1892

1928

1922

1959

201.7

2021

2008

2202

214.2

2199

215.7

230.6

13

902.5

939.0

981.5 1,028.7

923.4

935.0

943.8

953.6

965.5

973.7

985.6 1,001.3 1,010.1 1,022.3 1,035.4 1,046.9 1,061.2 1,079.4 1,100.4

14

694.7

726.5

765.9

807.5

712.5

723.0

730.6

740.0

751.0

759.1

770.5

782.8

791.5

802.7

813.8

822.2

832.4

848.4

866.9

Transfer payments to persons

15

217.8

224.3

227.9

234.8

222.6

223.9

225.3

225.6

226.5

227.3

228.5

229.5

231.4

233.4

235.7

238.5

241.9

243.6

245.9

Net interest paid
Interest paid
Less: Interest received by government

16
17
18

.5
67.8
67.3

.9
70.4
69.5

-.6
70.6
71.2

-2.0
70.7
72.7

.8
69.8
69.0

1.0
70.3
69.4

1.0
70.7
69.7

.8
70.9
70.0

.2
70.7
70.5

-.5
70.6
71.1

-.8
70.6
71.4

-1.3
70.6
71.9

-1.8
70.6
72.4

-2.2
70.6
72.8

-2.2
70.7
72.9

-1.8
70.8
72.7

-1.0
71.0
72.0

-.7
71.2
71.9

-.5
71.5
71.9

Current expenditures
Consumption expenditures

-

Less: Dividends received by government

19

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

.3

Subsidies less current surplus of government

20

-10.2

-12.5

-11.4

-11.3

-12.1

-12.6

-12.7

-12.5

-11.9

-11.9

-12.3

-9.3

-10.6

-11.3

-11.6

-11.6

-11.6

-11.6

-11.7

21
22

.3
10.5

.3
12.8

.4
11.8

.5
11.7

.3
12.4

.3
12.9

.3
13.0

.4
12.9

.4
12.3

.4
12.3

.4
12.8

.4
9.8

.5
11.1

.5
11.7

.5
12.0

.5
12.1

.5
12.1

.5
12.1

.5
12.2

Subsidies
Less: Current surplus of government enterprises ...

23

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

24

15.3

21.4

27.5

41.7

17.0

27.2

22.3

19.3

25.9

23.7

30.9

29.7

32.0

30.9

49.9

54.2

48.7

37.6

48.3

Social insurance funds
Other

25
26

4.0
114

2.7
187

1.2
264

.9
408

3.2
138

2.9
24 3

2.6
196

2.2
171

1.5
24 3

1.2
224

1.0
299

.9
289

.9
311

1.0
299

.9
489

.7
534

.6
482

.8
368

.8
475

Addenda:
Net lending or net borrowing (-)
Current surplus or deficit (-), national income

27
28

-30.9
15.3

-27.0
21.4

-29.1
27.5

-16.8
41.7

-27.4
17.0

-21.4
27.2

-26.4
22.3

-33.0
19.3

-30.0
25.9

-32.3
23.7

-26.2
30.9

-27.9
29.7

-27.7
32.0

-27.8
30.9

-8.9
49.9

-2.6
54.2

-20.6
48.7

-21.4
37.6

-11.3
48.3

29
30
31
32

84.1
32.3
155.8
6.8

88.9
33.8
163.8
7.4

94.0
35.3
177.3
8.6

98.8
36.2
183.5
9.9

87.3
34.8
159.5
7.1

88.3
33.1
162.7
7.2

89.5
33.0
163.7
7.5

90.7
34.2
169.4
7.7

92.0
34.8
174.6
8.0

93.5
35.3
176.4
8.4

94.4
35.9
178.7
8.8

95.9
35.1
179.5
9.1

96.8
34.5
181.4
9.6

97.8
34.9
181.5
9.9

99.4
37.1
185.2
10.1

101.1
38.2
185.9
10.2

102.4
37.8
199.4
10.1

104.3
42.6
195.8
10.0

106.0
44.3
200.0
9.8

Less: Wage accruals less disbursements
Current surplus or deficit (-), national
Income and product accounts.

Plus: Consumption of fixed capital
Plus: Capital transfers received (net)
Less: Gross investment
Less: Net purchases of nonproduced assets




68

SURVEY OF CURRENT BUSINESS

® December 1999

Table 3.4,—Personal Tax and Nontax Receipts

Table 3.6.—Contributions for Social Insurance

[Billions of dollars]

[Billions of dollars]
Line

1995

1996

1997

1

778.3

869.7

968.3 1,072.6

2

591.8

670.0

750.9

835.7

Income taxes
Withheld
Declarations and settlements
Less: Refunds

3

585.6
501.6
169.9
85.9

662.9
548.6
203.6
89.3

743.1
595.1
241.8
93.8

827.6
652.0
275.6
100.0

Nontaxes2

7

6.2

7.1

7.8

8.1

State and local

8

186.5

199.6

217.4

236.9

Income taxes
,
Motor vehicle licenses
Property taxes
Other taxes3

9
10
11
12

142.5
10.3
4.2
2.5

152.9
10.5
4.4
2.6

168.0
10.9
4.6
2.7

184.7
11.5
4.7
2.9

Nontaxes
Fines
Other4

13
14
15

27.1
8.4
18.7

29.2
8.6
20.6

31.3
9.2
22.1

33.2
9.9
23.3

Personal tax and nontax receipts
Federal

5
6

..,
...,

1. Excludes estate and gift taxes, which are classified in the NIPA's as capital transfers.
2. Consists of fines, immigration fees, certain penalty taxes, and excise taxes paid by nonprofit institutions serving
individuals.
3. Consists largely of hunting, fishing, and other personal licenses.
4. Consists largely of donations and unclaimed bank deposits.

Table 3.5.—Indirect Business Tax and Nontax Accruals
[Billions of dollars]
Line

1995

1996

1997
645.8

677.0

93.0

95.1

94.9

97.3

Excise taxes
Gasoline
Alcoholic beverages
Tobacco
Diesel fuel
Air transport
Crude oil windfall profits tax ,
Other1

57.8
21.2
7.4
5.9
6.6
5.7

55.7
22.3
7.4
5.8
7.8
2.5

58.9
23.1
7.4
5.8
7.4
6.5

62.9
23.4
7.4
6.2
7.7
8.3

11.2

9.9

8.7

9.9

Customs duties

19.8

19.2

19.6

19.6

Nontaxes
Outer Continental Shelf royalties.
Deposit insurance premiums
Other*

15.3
2.7
4.4
8.2

20.2
4.2
7.2
8.8

16.4
4.7
2.0
9.7

14.8
3.2
1.9
9.7

State and local.

501.6

524.9

550.9

579.6

Sales taxes ...

243.6
201.5
135.8
25.7
3.6
7.3
8.3
8.8
11.8
42.1
29.2
7.2
5.7

255.6
210.9
143.2
26.6
3.7
7.4
8.6
9.1
12.3
44.6
31.0
7.6
6.0

269.3
221.8
151.7
27.7
3.7
7.6
8.7
9.2
13.1
47.5
33.1
8.1
6.4

284.3
233.6
161.0
28.9
3.8
7.8
8.9
9.3
14.0
50.7
35.4
8.6
6.8

203.5
4.5
4.3
24.5

211.4
4.6
4.5
25.8

218.7
4.8
4.5
27.6

225.5
5.0
4.1
29.8

21.2
4.5
3.1
4.7
8.9

23.1
4.5
3.2
5.5
9.9

26.0
4.8
3.3
6.1
11.7

30.9
5.2
3.4
6.6
15.7

Indirect business tax and nontax accruals .
Federal

Genera!
Gasoline
Alcoholic beverages .
Tobacco
Public utilities
insurance receipts ....
Other
Local
General
Public utilities ,
Other
Property taxes
Motor vehicle licenses
Severance taxes ....
Other taxes3
Nontaxes
Rents and royalties ...
Special assessments .
Pines
Other4

594.6

1. Consists largely of taxes on telephone services, tires, coal, nuclear fuel, and trucks and of refunds other than
those for alcoholic beverages and tobacco.
2. Consists largely of fines, fees, and royalties other than those associated with the Outer Continental Shelf.
3. Consists largely of business licenses and of documentary and stamp taxes.
4. Consists largely of donations. Beginning with 1997, includes settlements of lawsuits with tobacco companies.




Une

1998

1997

1998

555.8

588.2

621.9

264.5

275.4

290.1

306.0

253.4

265.2

280.7

297.0

217.5
170.1
47.3

229.5
179.3
50.2

245.8
191.9
53.9

262.6
204.9
57.7

29.3
22.9
5.8
0

28.8
222
5.9
0

28.1
21.4
6.2
0
.5

27.4
20.5
6.3
.1
.5

2.5
.9
0
1.9
1.3

2.6
1.2
0
1.9
1.2

2.7
1.0
0
1.9
1.2

2.8
1.0
0
2.0
1.1

11.0

10.2

9.4

9.0

0
11.0

0
10.2

268.8

280.4

298.1

315.9

266.2
244.4
217.7
169.4
48.3
26.7
19.6
.2
\8

278.2
257.4
229.8
178.4
51.4
27.7
18.6
.1
1.3
.8

296.5
275.2
246.1
190.9
55.2
29.1
19.2
0
1.3
.8

314.2
292.8
261.8
202.8
59.0
30.9
19.3
0
1.4
.7

2.6

2.2

1.6

1.8

1995

Contributions for social Insurance
Employer contributions
Federal social insurance funds
Ola-age, survivors, disability, and hospital insurance
Old-age, survivors, and disability insurance
Hospital insurance
Unemployment insurance ...
State unemployment insurance ..
Federal unemployment tax
Railroad employees unemployment insurance
Federal employees unemployment insurance
Railroad retirement
Pension benefit guaranty
Veterans life insurance
Workers'compensation
Military medical insurance1
State and local social insurance funds
Temporary disability insurance
Workers'compensation
Personal contributions
Federal social insurance funds
Old-age, survivors, disability, and hospital insurance
Employees
,
old-age, survivors, and disability insurance
Hospital insurance
,
Self-employed
Supplementary medical insurance
,
State unemployment insurance
Railroad retirement
Veterans life insurance
State and local social insurance funds 2

1.3

0
9.0

1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facili2. Consists of contributions for temporary disability insurance.

SURVEY OF CURRENT BUSINESS

69

December 1999

Table 3.7.—Government Consumption Expenditures and Gross Investment by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

I

Government consumption expenditures and

1

1997

1996

II

III

IV

I

II

1998

III

I

IV

1999

IV

III

II

I

II

III

1,372.0 1,421.9 1,481.0 1,529.7 1,402.6 1,423.0 1,423.4 1,438.9 1,455.8 1,478.6 1,490.1 1,499.5 1,499.0 1,526.5 1,538.7 1,554.8 1,589.1 1,605.9 1,636.4

gross Investment *.

2

521.5

531.6

537.8

538.7

530.6

537.2

529.1

529.4

530.2

5430

540.9

537.1

526.1

542.2

539.7

546.7

557.4

561.6

569.5

National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment and software

3
4
5
6
7
8

350.6
297.5
21.0
6.3
270.2
130.4

357.0
302.4
21.0
7.7
273.7
133.1

352.5
304.5
20.7
7.5
276.3
132.0

348.6
299.9
21.0
7.0
271.9
131.0

356.1
298.4
19.6
6.9
271.8
133.3

361.3
304.1
22.4
8.1
273.6
133.5

355.6
301.4
22.1
8.3
271.0
133.5

355.0
305.6
19.8
7.4
278.4
132.1

347.0
301.7
20.7
8.0
273.0
,133.5

354.9
308.2
21.9
7.1
279.1
132.3

354.5
305.0
19.6
7.4
278.0
131.8

353.6
303.0
20.7
7.4
274.9
130.6

292.4
20.1
6.8
265.6
132.1

347.9
301.2
20.6
6.7
273.9
130.7

354.7
302.5
21.8
7.6
273.1
131.1

352.9
303.4
21.4
6.9
275.1
129.9

3558
304.6
20.4
6.4
277.8
133.2

354.3
300.8
21.1
7.4
272.3
132.9

365.7
312.3
22.5
9.8
280.1
133.4

9

63.0

63.0

62.7

61.6

63.1

63.0

63.1

62.9

62.9

62.7

62.5

62.5

62.0

61.5

61.5

61.5

62.2

62.3

62.7

10
11
12
13

76.8
53.1
6.3
46.9

77.7
54.6
6.7
47.9

61.6
48.0
5.7
42.3

79.3
48.7
5.4
43.3

75.4
57.7
6.7
51.0

77.2
57.2
7.2
50.0

74.5
54.3
6.5
47.7

83.4
49.4
6.4
43.0

76.7
45.3
5.9
39.4

84.1
46.8
5.6
41.2

83.7
49.5
5.7
43.8

81.7
50.6
5.7
44.9

71.5
46.5
5.6
40.9

81.6
46.8
5.0
41.7

80.4
52.2
5.9
46.3

83.6
49.5
5.1
44.4

82.4
51.2
5.4
45.8

77.1
53.5
5.3
48.2

84.0
53.3
5.1
48.2

Nondefense
Consumption expenditures
..
Durable goods 2
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed

14
15
16
17

170.9
141.8
.9
6.5

174.6
142.9
1.1
6.1

185.3
152.5
1.2
8.1

190.1
153.6
-.2
8.4

174.5
143.4
1.3
6.4

175.9
142.9
1.2
6.0

173.5
141.5
1.0
5.8

174.5
143.8
.7
6.3

183.2
151.0
1.2
7.5

188.1
153.4
1.4
7.9

186.4
153.1
1.1
8.1

183.5
152.6
1.0
8.7

187.2
152.6
1.3
8.1

194.3
156.3
1.3
8.3

185.0
149.0
-4.8
8.4

193.8
156.5
1.2
8.6

201.6
162.4
1.3
9.5

207.3
164.4
1.4
9.6

203.8
162.3
1.1
9.6

18

-.2

-.4

-.1

.1

-.1

-.5

-.5

-.3

-.1

-.2

-.2

.1

-.1

19
20
21

6.8
134.3
75.0

6.5
135.7
76.4

8.1
143.3
78.2

8.2
145.5
81.9

6.6
135.6
76.5

6.5
135.7
76.7

6.3
134.8
76.3

6.6
136.7
75.9

7.6
142.3
78.3

8.1
144.1
78.6

8.3
144.0
78.2

8.5
142.9
77.6

8.2
143.3
79.9

Federai

....

...

Other services
Gross investment
Structures
Equipment and software
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
lanital 4
Other services
Gross investment...
Structures
Equipment and software
Addenda:
Compensation of general government employees3
Federal
State and local

.3

.4

1.1

.8

.7

8.1
145.3
82.1

8.2
146.8
84.2

8.4
151.7
88.3

8.8
153.4
87.6

8.9
151.5
87.1

22

16.8

18.0

19.3

20.9

17.6

17.8

18.1

18.4

18.8

19.2

19.5

19.9

20.3

20.7

21.1

21.5

22.3

22.7

23.2

23
24
25
26

42.5
29.2
10.8
18.4

41.3
31.7
11.1
20.5

45.8
32.8
9.7
23.0

42.7
36.5
11.3
25.2

41.5
31.1
11.2
19.8

41.2
33.1
12.0
21.1

40.3
31.9
11.4
20.5

42.4
30.6
10.0
20.7

45.2
32.2
10.2
21.9

46.3
34.7
9.9
24.7

46.2
33.3
10.4
22.8

45.4
30.9
8.4
22.5

43.1
34.5
10.8
23.7

44.7
38.0
10.9
27.1

42.2
36.1
11.7
24.4

41.0
37.2
11.6
25.7

41.1
39.2
11.7
27.4

43.2
42.9
10.8
32.1

41.2
41.5
11.4
30.1

27
28
29
30
31
32

850.5
694.7
12.7
72.9
609.0
523.1

890.4
726.5
13.1
79.9
633.6
542.3

943.2
765.9
14.0
84.4
667.5
565.4

991.0
807.5
15.2
86.3
706.1
592.6

872.0
712.5
12.9
76.8
622.7
534.2

885.7
723.0
12.9
79.6
630.4
540.1

894.3
730.6
13.1
80.1
637.4
545.2

909.4
740.0
13.3
82.9
643.8
549.8

925.6
751.0
13.6
83.9
653.5
556.0

935.6
759.1
13.9
83.2
662.1
561.7

949.2
770.5
14.2
84.4
671.9
568.8

962.3
782.8
14.5
86.1
682.3
575.2

972.9
791.5
14.8
85.3
691.5
582.1

984.2
802.7
15.0
86.3
701.3
589.3

999.0 1,008.1 1,031.8 1,044.3 1,067.0
822.2
832.4
848.4
813.8
866.9
15.5
15.8
16.0
15.3
16.3
86.7
87.7
93.1
86.8
98.6
752.0
711.6
719.9
728.8
739.3
596.4
602.6
609.8
616.9
626.8

33

64.4

68.2

72.2

76.0

67.0

67.7

68.7

69.6

70.7

71.8

72.6

73.8

74.4

75.3

76.6

77.8

78.9

80.5

81.9

34
35
36
37

21.5
155.8
117.3
38.6

23.0
163.8
122.5
41.3

29.8
177.3
132.8
44.5

37.5
183.5
135.2
48.3

21.6
159.5
119.1
40.5

22.6
162.7
121.8
41.0

23.5
163.7
122.1
41.6

24.5
169.4
127.1
42.3

26.8
174.6
131.3
43.3

28.6
176.4
132.3
44.1

30.5
178.7
133.7
44.9

33.3
179.5
133.9
45.6

34.9
181.4
134.6
46.8

36.8
181.5
133.7
47.8

38.6
185.2
136.5
48.8

39.5
185.9
136.1
49.8

40.2
199.4
148.9
50.5

41.9
195.8
144.4
51.5

43.3
200.0
147.6
52.4

38
39
40

735.8
206.9
528.9

759.4
211.0
548.4

783.6
211.7
571.8

813.8
214.4
599.4

751.5
211.3
540.2

757.9
211.7
546.2

762.7
211.4
551.2

765.6
209.6
556.0

775.6
213.3
562.3

780.5
212.4
568.0

786.8
211.5
575.2

791.4
209.6
581.7

802.2
213.4
588.7

809.5
213.5
596.0

818.2
214.9
603.3

825.3
215.7
609.5

840.5
223.3
617.2

846.5
222.2
624.2

856.7
222.4
634.3

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures




0
8.2
146.6
81.3

for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial

measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.

JO • December 1999

SURVEY OF CURRENT BUSINESS
Table 3.8.—Real Government Consumption Expenditures and Gross Investment by Type
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates

Line

Government consumption expenditures and
gross Investment1.

1995

1996

1997

1996

1998

1997

1,405.9 1,421.9 1,455.1 1,480.3 1,404.4 1,430.2 1,422.1 1,431.0 1,437.0 1,457.1 1,463.3 1,463.0 1,459.2 1,480.7 1,485.3 1,495.9 1,514.6 1,519.5
536.4

531.6

530.9

526.1

529.0

540.1

529.5

527.7

361.9
308.7
21.1
6.9
280.7
139.0

357.0
302.4
21.0
7.7
273.7
133.1

348.3
299.4
20.8
7.7
271.0
128.3

341.7
291.4
21.2
8.1

356.4
300.5
19.6
7.2
273.8

134.2

355.4
300.6
22.1
8.3
270.2
133.1

353.3
303.2
19.8
7.0

262.3
124.3

363.0
305.2
22.3
8.2
274.7
134.0

63.4

63.0

62.6

62.2

63.2

63.0

78.5
53.2
6.5
46.8

77.7
54.6
6.7
47.9

80.0
48.7
5.5
43.2

75.9
50.3
5.1
45.3

76.4
55.8
6.7

77.6
57.8
7.3
50.6

Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment and software

174.5
145.6
6.4
-.4

174.6
142.9
1.1
6.1
-.4

182.7
149.6
1.3
8.0
-.1

184.4
147.3
-.1
8.4
.1

172.7
141.9
1.3
6.4
-.2

138.4
78.5

6.5
135.7
76.4

8.2
140.3
75.9

8.3
139.1
76.8

6.5
134.2
74.9

16.7

18.0

19.5

21.3

17.5

17.8

18.2

18.5

18.9

19.3

43.2
29.0
11.1
17.9

41.3
31.7
11.1
20.5

44.9
33.1
9.4
23.7

41.1
37.2
10.6
26.7

41.9
30.8
11.3
19.5

41.3
33.1
12.0
21.1

40.2
32.0
11.4
20.6

42.0
30.8
9.9
20.9

44.6
32.4
10.0
22.4

45.5
35.0
9.7
25.4

State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
« ,
Equipment and software
,

869.5
710.9
12.7
75.6
622.6
536.5

890.4
726.5
13.1
79.9
633.6
542.3

924.1
749.8
14.1
85.0
650.8
550.5

953.9
775.1
15.3
91.4
668.8
557.6

875.4
715.2
12.8
78.1
624.3
535.4

890.1
726.8
13.0
79.3
634.6
544.3

892.6
729.3
13.1
80.5
635.6
543.7

903.4
734.9
13.3
81.7
639.8
545.8

913.1
740.4
13.7
828
643.9
547.5

920.7
747.2
14.0
84.2
649.0
550.2

65.3

68.2

71.4

75.0

67.1

67.8

70.2

21.0
158.6
120.9
37.8

23.0
163.8
122.5
41.3

28.8
174.3
128.4

21.8
160.2
120.2
40.0

22.5
163.3
122.4
40.8

23.3
163.4
121.6
41.8

24.6
168.5
125.7
42.7

26.2
172.7
128.6

45.9

36.3
178.8
127.5
51.8

.1

-1.5

-.1

-.2

.1

762.4
205.7
556.7

766.6
202.6
564.0

752.0
210.5
541.5

761.5
211.8
549.7

760.4
208.4
552.0

Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment ..
Structures
Equipment and software..

.8

Residual
Addenda:
Compensation of general government employees
Federal
State and local

761.3
219.0
542.4

759.4
211.0
548.4

536.4

534.6

350.8
303.4
21.9
7.4
274.1
128.6

350.7
300.3
19.7

131.0

342.9
296.9
20.7
7.8
268.5
129.8

63.0

62.9

62.8

74.1
54.9
6.5
48.4

82.5
50.0
6.3
43.7

75.8
45.8
5.7
40.1

177.2
144.1
1.2
6.0
-.5

174.1
142.0
1.0
5.7
-.5

174.4
143.6
.8
6.4
-.3

6.5
136.9
77.8

6.3
135.3
77.0

6.8
136.4
75.9

763.8
213.3
550.5

NOTE.-Chained (1996) dollar series a/e calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines
in the addenda.




276.4

515.4

530.1

527.0

532.0

531.4

534.2

539.3

332.7
285.0
20.2
7.6
257.2
125.7

341.6

293.4
20.8
7.6
265.0
124.4

347.5
293.6
22.0
8.9
263.0
124.3

344.9

7.8
272.8
128.2

348.6
297.1
21.0
7.7
268.4
126.6

293.6
21.6
8.1
263.9
122.6

341.4
289.5
20.6
7.7
261.2
121.5

339.2
284.9
21.3
8.5
255.4
121.0

348.5
294.3
22.8
10.4
261.7
121.3

62.7

62.5

62.4

62.3

62.2

62.1

62.1

62.1

62.1

62.2

82.8
47.3
5.4
41.9

82.0
50.3
5.5
44.8

79.5
51.5
5.5
46.1

47.7
5.4
42.4

78.5
48.1
4.8
43.4

76.6
54.0
5.5
48.6

79.3
51.4
4.8
46.8

77.8
52.1
5.0
47.2

72.4
54.6
4.9
49.9

78.3
54.4
4.6
49.9

181.0
148.6
1.3
7.6
-.1

185.5
150.6
1.5
7.8
-.3

183.9
150.2
1.2
8.0
-.3

180.2
148.9
1.2
8.7
.2

182.6
147.6
1.4
8.0
-.3

188.4
149.8
1.5
8.3
0

179.6
142.9
-4.5
8.5
.3

187.1
149/1
1.3
8.8
.5

189.9
150.8
1.5
10.4
2.0

194.9

152.1
1.7
10.6
2.0

190.8
149.3
1.4
10.4
1.8

7.7
139.8
76.3

8.1
141.3
76.6

8.3
141.0
76.1

8.5
139.2
74.8

8.3
138.2
75.8

8.3
140.1
76.6

8.1
138.8
76.7

8.3
139.4
78.1

8.4
139.8
78.2

8.6
141.1
77.2

8.6
138.7
76.3

19.7

20.1

20.6

21.0

21.5

22.0

22.5

22.9

23.4

45.2
33.7
10.1
23.6

44.3
31.3
8.0
23.5

41.9
35.1
10.3
24.9

42.5
38.8
10.3
28.7

40.7
36.9
11.0
25.9

39.4
38.1
10.8
27.5

39.3
39.4
10.9
28.6

41.2
43.2
9.9
33.7

39.2
41.9
10.4
31.8

928.6
753.0
14.3
85.7
653.2
551.6

934.1
758.7
14.5
87.3
656.9
552.7

943.6

950.5

982.9
790.4
16.0
95.0
680.0
563.5

985.1

772.8
15.2
90.7
667.3
557.0

958.1
777.8
15.4
92.1
670.6
558.1

963.6

766.2
14.9
89.1
662.3
554.7

797.3
16.2
96.5
685.2
566.6

995.8
804.9
16.5
98.1
691.1
570.5

71.0

71.8

72.7

73.6

74.5

75.4

76.4

77.4

78.4

79.5

29.7
175.6
129.1
46.6

31.5
175.4
127.8
47.8

34.0
177.4
128.1

37.2
180.3
128.3
52.5

38.2
179.9
126.6
54.0

39.3
192.7
137.8
55.2

41.5
191.0
133.9

49.6

35.9
177.6
126.9
51.1

40.5
187.8
132.1

44.1

27.8
173.5
128.3
45.3

56.6

57.9

.1

-.2

.1

-.7

-.6

-1.2

-1.4

-2.3

-2.9

-4.7

-4.9

761.3
207.6
553.7

763.0
206.6
556.4

763.7
205.8
557.8

761.7
202.7
559.0

763.9
202.9
561.0

765.8
202.5
563.3

767.2
202.6
564.6

769.4
202.3
567.1

771.6
201.2
570.4

773.1
199.8
573.3

776.5
199.3
577.3

783.7
15.7
93.5
675.0
560.6

See footnotes to table 3.7.
Chain-type quantity indexes for the series in this table are shown in table 7.11.
Contributions to percent change in real government consumption expenditures and gross investment are shown
in table 8.6.




SURVEY OF CURRENT BUSINESS

December 1999 •

Table 3.9.—Government Consumption Expenditures Gross and Net of
Sales by Type
[Billions of dollars]
Une
Government consumption expenditures
Federal
National defense .,
Durable goods 1
Gross consumption expenditures

Less' Sales
Nondurable goods
Gross consumption expenditures
Less: Sales..
Services
Gross consumption expenditures
Less: Sales ..
Nondefense
Durable goods 1
Gross consumption expenditures
Less: Sales ..
Nondurable goods
Commodity Credit Corporation inventory change
Gross consumption expenditures
Less: Sales
Other
Gross consumption expenditures
Less: Sales
Services
Gross consumption expenditures
Less: S a l e s State and local
Durable goods 1
Gross consumption expenditures
Less: Sales
Nondurable goods
Gross consumption expenditures
Less: Sales
Services

Gross consumption expenditures
Less: Sales
Tuition and related educational charges
Health and hospital charges
Other sales

transferred to 'foreign countries by the F

1
2
3
4
5
c
D
7
8
9

10
11
12
13
14

1995

1997

1996

1998

1,133.9 1,171.8 1,222.9 1,261.0
439.2

445.3

457.0

453.5

297.5
21.0
21.1

302.4
21.0
21.0

304.5
20.7
20.8

299.9
21.0
21.0

6!3

7.7

6.3
0
270.2
271.8

7.7
0
273.7
275.6

1.6

1.8

1.3

1.2

141.8

142.9

152.5

153.6

.9

1.1

1.2

-.2

4

4

.1
7.5
7.5
0
276.3

277.6

4

7!o
7.0
0
271.9
273.0

15
16

1.6
.7

1.8
.7

1.8
.7

1.7
2.0

17
18

6.5
-.2

6.1
-.4

8.1
-.1

8.4
.1

19
20

.3
.6

.2
.5

.2
.3

.4
.3

21
22
23
24

6.8
7.4
.6

6.5
7.6
1.1

8.1
8.7
.6

8.2
8.3
.1

25
26

134.3
137.4
3.0

135.7
138.4
2.7

143.3
145.2
1.9

145.5
147.4
1.9

27

694.7

726.5

765.9

807.5

28
29
30
31
32
33
34
35
36
37
38
39

12.7
13.8

13.1
14.2

14.0
15.2

15.2
16.4

1.1

1.1

1.1

1.2

72.9
83.9
11.0
609.0
761.9
152.9
31.3
84.9
36.7

79.9
91.3
11.4
633.6
796.2
162.6
33.2
89.1
40.3

84.4
96.4
12.0
667.5
841.1
173.6
35.4
94.4
43.8

86.3
98.8
12.5
706.1
891.0
184.9
37.5
100.2
47.2

Jl

J2

® December 1999

SURVEY OF CURRENT BUSINESS
Table 3.10.—National Defense Consumption Expenditures and Gross Investment
Seasonally adjusted at annual rates

Une

1995

1996

1997

1996

1998

I

II

1997

III

IV

1

II

1999

1998

III

IV

I

II

III

IV

I

II

III

1

350.6

357.0

352.5

348.6

356.1

361.3

355.6

355.0

347.0

354.9

354.5

353.6

338.9

347.9

354.7

352.9

355.8

354.3

365.7

Consumption expenditures

2

297.5

302.4

304.5

299.9

298.4

304.1

301.4

305.6

301.7

308.2

305.0

303.0

292.4

301.2

302.5

303.4

304.6

300.8

312.3

Durable goods 2
Aircraft ..
Missiles
Ships
Vehicles
Electronics
Other duiable goods

3
4
5
6
7
8
9

21.0

21.0

20.7

19.6

22.4

22.1

19.8

20.7

20.7

20.1

21.1

8.8
2.4
.7
.9
2.2
4.6

9.0
2.9
1.3
.9
2.9
5.4

9.4
2.8
.9
1.0
2.7
5.2

8.9
2.3
.8
.9
2.2
4.8

9.7
2.2
.7
1.1
2.6
4.3

8.7
2.3
.7
1.0
2.7
4.2

9.7
2.4
.6
1.0
2.4
4.7

9.4
2.2
.7
.9
2.6
4.4

21.4
11.0

20.4

9.6
2.4
.7
1.0
2.6
4.5

20.6
10.1

21.8

9.0
2.6
.9
.9
2.5
5.0

21.9
10.3

19.6

9.0
2.8
1.2
1.1
2.5
4.5

21.0
10.1

9.6
2.2
.6
.7
2.5
4.7

9.7
2.1
.8
.8
2.8
4.9

22.5
10.6

2.1
.6
.9
2.4
4.4

Nondurable goods

10

6.3

7.7

7.5

7.0

6.9

8.1

8.3

7.4

8.0

7.1

7.4

7.4

11
12
13

2.8
1.1
2.4

3.4
1.4
2.9

3.0
1.5
3.0

2.1
1.9
3.1

3.1
1.4
2.4

3.4
1.6
3.1

4.1
1.1
3.1

3.0
1.4
2.9

3.1
1.9
3.0

3.1
1.4
2.7

3.1
1.2
3.2

2.6
1.7
3.1

National defense consumption expenditures
and gross Investment1.

Petroleum products
Ammunition
Other nondurable goods

2.3
.6
.9
2.5
4.6

2.5
.7
1.1
2.7
4.6

2.0
.6
.9
2.4
4.6

9.8
3.0
.6
.9
2.5
4.9

6.8

6.7

7.6

6.9

6.4

7.4

9.8

2.2
1.6
3.1

2.2
1.4
3.1

2.1
2.5
3.0

1.7
2.0
3.2

1.5
1.8
3.1

2.3
1.8
3.4

3.6
2.3
3.9

2.3
.7
.8
3.0
5.0

14

270.2

273.7

276.3

271.9

271.8

273.6

271.0

278.4

273.0

279.1

278.0

274.9

265.6

273.9

273.1

275.1

277.8

272.3

280.1

Compensation of general government
employees, except own-account investment3.
Military
Civilian
Consumption of general government fixed

15

130.4

133.1

132.0

131.0

133.3

133.5

133.5

132.1

133.5

132.3

131.8

130.6

132.1

130.7

131.1

129.9

133.2

132.9

133.4

16
17
18

81 5
48.9
63.0

842
48.8
63.0

84.1
47.9
62.7

83.7
47.2
61.6

83.8
49.4
63.1

84.3
49.2
63.0

84.6
48.9
63.1

84.2
47.9
62.9

84.7
48.7
62.9

84.1
48.2
62.7

84.1
47.7
62.5

83.5
47.1
62.5

84.5
47.6
62.0

83.7
47.1
61.5

83.7
47.4
61.5

83.1
46.8
61.5

84.7
48.5
62.2

84.2
48.7
62.3

84 6
48.8
62.7

Othefservices ..

19
20
21
22
23
24
25
26

76.8
20.3
24.3

77.7
22.3
24.5

81.6
24.0
24.3

79.3
21.2
23.9

75.4
20.8
23.3

77.2
21.8
25.0

74.5
21.7
25.2

83.4
25.0
24.5

76.7
21.0
23.5

84.1
26.0
24.8

83.7
25.0
25.1

81.7
23.9
23.7

71.5
17.7
22.4

81.6
21.9
24.7

80.4
22.4
25.1

83.6
22.8
23.4

82.4
18.8
24.6

77.1
15.3
24.2

84.0
18.0
27.0

Services

Research and development
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
Other ...........

9.1

7.3

8.3

8.5

7.1

6.9

6.4

8.8

7.6

8.3

8.6

8.8

7.8

8.4

8.6

9.3

8.5

8.4

8.8

16.9

17.3

18.7

18.9

17.1

16.9

16.3

18.7

18.1

18.7

18.9

19.2

17.7

18.9

18.7

20.3

22.0

20.9

23.8

4.2
4.2

4.9
3.9

4.5
3.6

4.9
3.5

5.0
4.2

5.0
4.0

4.6
3.3

4.9
4.0

4.6
3.7

4.5
3.6

4.5
3.6

4.5
3.5

4.6
3.5

4.9
3.5

5.3
3.5

5.4
3.6

-2.5

-1.9

-1.7

-2.0

-2.4

-3.0

-2.6

-1.8

-1.9

-2.0

-1.9

-2.3

-2.7

-1.0

5.6
3.6
-.7

6.0
3.6

-2.2

4.7
3.5
-.6

-1.4

-2.7
53,3

27

53.1

54.6

48.0

48.7

57.7

57.2

54.3

49.4

45.3

46.8

49.5

50.6

46.5

46.8

52.2

49.5

51.2

53.5

Structures

28

6.3

6.7

5.7

5.4

6.7

7.2

6.5

6.4

5.9

5.6

5.7

5.7

5.6

5.0

5.9

5.1

5.4

5.3

5.1

Equipment and software
Aircraft
Missiles
Ships
Vehicles
Electronics and software
Other equipment

29
30
31
32
33
34
35

46.9

47.9

42.3

43.3

50.0

47.7

43.0

39.4

41.2

43.8

44.9

40.9

41.7

46.3

44.4

45.8

48.2

48.2

9.0
4.7
8.0
1.1

9.2
4.1
6.8
1.2

5.8
2.9
6.1
1.4

5.6
3.3
6.4
1.5

51.0
13.7

4.3
7.0
1.3

9.9
4.2
7.2
1.1

7.6
4.2
6.6
1.1

5.4
3.6
6.3
1.2

4.4
2.8
5.6
1.4

3.6
2.7
6.7
1.4

6.9
3.0
6.4
1.5

8.4
3.0
1.4

4.4
3.0
6.3
1.3

5.0
2.8
6.0
1.8

6.0
4.4
6.5
1.5

7.0
2.9
6.9
1.4

6.1
2.8
6.8
1.4

7.6
2.7
6.6
1.8

7.8
2.7
6.5
1.6

10.5
13.6

11.6
15.2

12.2
13.9

12.7
13.8

10.9
13.8

11.8
15.7

12.0
16.3

11.6
14.9

12.1
13.2

12.3
14.4

12.3
13.6

12.0
14.3

12.4
13.6

12.6
13.5

12.9
15.0

13.0
13.2

13.7
15.1

15.2
14.4

15.6
14.0

36

130.9

133.6

132.6

131.5

133.8

134.0

134.0

132.7

134.0

132.8

132.3

131.1

132.5

131.2

131.6

130.5

133.8

133.5

134.0

Gross investment....

Addendum:
Compensation of general government employees3

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries.
3. Compensation of government employees engaged in new own-account investment and related expenditures




5.8

for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addendum.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.

SURVEY OF CURRENT BUSINESS

December 1999

•

73

Table 3.11.—Real National Defense Consumption Expenditures and Gross Investment
Seasonally adjusted at annual rates

1995

1996

1997

361.9

357.0

348.3

341.7

356.4

363.0

355.4

Consumption expenditures

308.7

302.4

299.4

291.4

300.5

305.2

300.6

303.2

296.9

Durable goods 2
Aircraft ............
Missiles ...
Ships
Vehicles
Electronics
Other durable goods

21.1
9.0
2.8
1.2
1.1
2.4
4.6

21.0

20.8
9.7
2.4
.7
1.0
2.6
4.5

21.2
10.2
2.4
.6
.7
2.6
4.6

19.6
8.8
2.4
.7
.9
2.2
4.6

22.3
8.9
2.9
1.3
.9
2.9
5.4

22.1
9.4
2.9
.9
1.0
2.7
5.2

19.8
8.9
2.3
.8
.9
2.2
4.8

20.7
9.7
2.2
.7

Line

National defense consumption expenditures
and gross Investment1.

Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of general government
employees, except own-account investment3.
Military
Civilian
Consumption of general government fixed
capital 4 .
Other services
Research and development
Installation support
Weapons support
,
Personnel support
Transportation of material ....
Travel of persons
Other ............
Gross investment
Structures
Equipment and software ..
Aircraft
Missiles
Ships
Vehicles
Electronics and software
Other equipment

332.7

341.6

347.5

344.9

341.4

339.2

348.5

303.4

300.3

297.1

285.0

293.4

293.6

293.6

289.5

284.9

294.3

1.1
2.6
4.3

21.9
10.3
2.5
.7
1.1
2.7
4.6

19.7
8.8
2.3
.7
.9
2.8
4.2

21.0
9.8
2.4
.7
.9
2.5
4.7

20.2
9.6
2.2
.7
.7
2.7
4.4

20.8
10.2
2.0
.6
.7
2.6
4.6

22.0
10.0
3.1
.6
.7
2.7
5.0

21.6
11.2
2.2
.6
.7
2.6
4.4

20.6
9.8
2.2
.7
.6
2.7
4.7

21.3
9.9
2.1
.8
.7
3.1
4.9

22.8
10.8
2.3
.8
.7
3.3
5.1

7.7

7.7

8.1

7.2

8.2

8.3

7.0

7.8

7.4

7.8

7.7

7.6

7.6

8.9

8.1

7.7

8.5

10.4

3.4
1.4
2.9

3.1
1.5
3.0

3.0
1.9
3.1

3.4
1.4
2.4

3.5
1.6
3.1

4.1
1.1
3.1

2.7
1.4
2.9

2.9
1.9
3.0

3.3
1.4
2.7

3.5
1.2
3.2

2.9
1.7
3.1

2.9
1.6
3.0

3.1
1.5
3.1

3.3
2.6
3.0

2.7
2.1
3.1

2.6
1.8
3.1

3.2
1.8
3.4

4.2
2.4
3.8

280.7

273.7

271.0

262.3

273.8

274.7

270.2

276.4

268.5

274.1

272.8

268.4

257.2

263.9

261.2

255.4

261.7

139.0

133.1

128.3

124.3

134.2

134.0

133.1

131.0

129.8

128.6

128.2

126.6

125.7

124.4

124.3

122.6

121.5

121.0

121.3

87.4
51.5
63.4

84.2
48.8
63.0

82.0
46.3
62.6

80.1
44.2
62.2

85.2
49.0
63.2

84.3
49.7
63.Q

84.1
49.0
63.0

83.3
47.6
62.9

82.6
47.2
62.8

81.8
46.7
62.7

82.0
46.2
62.5

81.4
45.2
62.4

80.8
44.9
62.3

80.1
44.4
62.2

80.2
44.2
62.1

79.4
43.3
62.1

78.6
42.8
62.1

78.2
42.8
62.1

78.8
42.6
62.2

78.5
20.4
24.7
9.4
17.7
4.5
4.2
-2.4

77.7
223
24.5
7.3
17.3
4.9
3.9
-2.5

80.0
23.4
24.0
8.1
18.1
4.6
3.6
-1.8

75.9
20.3
23.2
8.1
17.5
4.9
3.4
-1.5

76.4
20.8
23.6
7.2
17.5
5.0
4.2
-2.1

77.6
21.9
25.1
6.9
17.0
5.1
4.0
-2.4

74.1
21.7
25.0
6.4
16.2
4.5
3.2
-3.0

82.5
24.9
24.3
8.7
18.2
4.9
4.0
-2.5

75.8
20.8
23.5
7.4
17.5
4.6
3.7
-1.7

82.8
25.4
24.7
8.1
18.2
4.6
3.6
-1.8

82.0
24.3
24.8
8.4
18.3
4.6
3.5
-1.9

79.5
23.1
23.3
8.4
18.3
4.6
3.5
-1.8

17.0
22.2
7.4
16.7
4.7
3.4

76.6
21.5
24.2
8.1
17.2
4.8
3.3
-2.5

79.3
21.8
22.4
8.8
18.5
5.4
3.4
-1.0

77.8
17.9
23.6
7.9
19.8
5.7
3.4
-.6

72.4
14.5

-2.1

78.5
21.1
24.1
8.0
17.7
4.7
3.4
-.6

78.3
17.0
25.7
8.0
21.2
5.2
3.4
-2.4

53.2

54.6

48.7

50.3

55.8

57.8

54.9

50.0

45.8

47.3

50.3

51.5

47.7

48.1

54.0

51.4

52.1

6.5

6.7

5.5

5.1

6.7

7.3

6.5

6.3

5.7

5.4

5.5

5.5

5.4

4.8

5.5

4.8

5.0

46.8
9.3
4.6
8.0
1.1
10.1
13.8

47.9

43.2
6.2
3.0
6.0
1.4
12.7
13.9

45.3
6.2
3.5
6.4
1.5
13.8
13.8

49.1
12.1
4.2
7.0
1.3
10.7
13.9

50.6

48.4
8.2
4.1
6.6
1.1
12.1
16.3

43.7
5.7
3.8
6.3
1.2
11.8
14.8

40.1
4.6
2.9
5.5
1.4
12.4
13.2

41.9
3.8
2.8
6.5
1.4
12.8
14.4

7.4
3.2
6.3
1.5
12.9
13.6

46.1
8.9
3.2
5.7
1.3
12.7
14.4

42.4
4.7
3.2
6.3
1.3
13.3
13.5

43.4
5.4
3.0
6.0
1.8
13.7
13.5

48.6
6.7
4.7
6.5
1.5
14.1
15.0

46.8
8.1
3.0
6.9
1.4
14.3
13.1

47.2
6.3
2.9
6.8
1.4
14.7
15.0

49.9
7.8
2.9
6.6
1.8
16.4
14.3

49.9
8.1
2.9
6.5
1.6
17.0
14.0

-.1

.1

-.2

-.1

-.6

-.4

-.1

-.9

-1.3

124.8

134.7

134.6

124.9

124.8

123.1

122.0

121.5

121.8

9.2
4.1
6.8
1.2
11.6
15.2

139.5

133.6

128.8

10.7
4.2
7.3
1.2
11.7
15.7

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the line
in the addendum.




348.6

6.9

-.1
37

350.7

342.9

3.4
1.1
2.4

Residual
Addendum:
Compensation of general government employees

9.0
2.6
.9
.9
2.5
5.0

1997

1996

133.7

131.5

130.4

129.1

128.7

127.0

126.2

Chain-type indexes for the series in this table are shown in table 7.12.
See footnotes to table 3.10.

23.1
7.8
18.8
6.0
3.4
-1.2

54.6
4.9

54.4
4.6

74

SURVEY OF CURRENT BUSINESS

• December 1999

Table 3.12.—Government Transfer Payments to Persons

Table 3.14.—Social Insurance Funds Current Receipts and Expenditures

[Billions of dollars]

[Billions of dollars]
Line

1997

1995

1996

860.1

902.4

2

642.3

678.1

706.6

720.0

Benefits from social insurance funds
Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance
Unemployment insurance
State
Railroad employees
Federal employees
Special unemployment benefits
Railroad retirement
Pension benefit guaranty
Veterans life insurance
Workers' compensation
Military medical insurance1

3
4
5
6
7
8
9
10
11
12
13
14
15

543.3
327.7
180.3
21.8
21.1

573.7
342.0
195.6
22.4
21.7

599.7
356.6
209.2
20.2
19.6

611.8
369.4
208.7
20.1
19.5

.1
.7

.1
.6

.1
.5

.1
.5

81

52.4

§2.4

1.9
1.9
1.2

1.9
2.0
1.1

Veterans benefits...
Pension and disability
Readjustment
Other 2
Food stamp benefits
Black lung benefits
Supplemental security income
Direct relief
Earned income credit
Other3

f*

• tra fa nnu

ts t«

Federal

State and local
Benefits from social insurance funds
Temporary disability insurance
Workers' compensation
Public assistance ...
Medical care
Medicaid
Other medical care
Family assistance4
Supplemental security income
General assistance
Energy assistance
Other'
Education
Employment and training

'" ao
.5

.6
2.0
1.9
1.2

16
17

18.7
17.6

19.4
18.3

20.3
19.1

21.2
20.0

18
19

1.1

1.1

1.2

1.2

20
21

22.4

22.0

18.7

16.4

1.2

1.2

1.1

1.1

22
23

23.9

25.3

25.5

26.4

24
25

154
17i4

192

21J
19.5

232

17.4

26

217.8

224.3

227.9

234.8

27
28
29
30
31
32
33
34
35
36
37
38
39

10.7

10.9

10.9

10.8

2.1
8.6

2.0
8.9

2.0
8.8

2.1
8.7

195.8
155.0
149.6

201.9
163.6
158.2

205.2
168.7
163.5

211.2
174.0
169.0

5.4

5.4

5.2

4.9

22.6

20.3

17.6

17.1

3.8
3.5
1.5
9.4
8.7

3.6
3.3
1.3
9.7
9.1

3.7
3.2
1.4

3.9
3.3
1.3

10.7

11.5

9.1

9.8

1.1
1.5

.9
1.6

1.0
1.7

1.1
1.8

1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities.
2. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits.
3. Consists largely of payments to nonprofit institutions, aid to students, and payments for medical services for
retired military personnel and their dependents at nonmilitary facilities.
4. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
5. Consists of expenditures for food under the supplemental program for women, infants, and children; foster
care; adoption assistance; and payments to nonprofit welfare institutions.
6. Consists largely of veterans benefits, Alaska dividends, and crime-victim payments.




Current receipts
Contributions for social insurance
Personal contributions
Employer contributions
Government
Other
Interest received

Current expenditures
Administrative expenses (consumption expenditures)
Transfer payments to persons
Current surplus or deficit (-)

1996

1997

1998

1

572.7

600.0

639.9

677.8

2

519.6

543.3

577.2

611.2

3
4
5
6

266.2
253.4
12.3
241.1

278.2
265.2
12.4
252.8

296.5
280.7
12.5
268.2

314.2
297.0
12.9
284.1

7

53.1

56.6

62.7

66.5

8

552.8

583.3

608.8

621.4

9
10

9.5
543.3

9.6
573.7

9.1
599.7

9.6
611.8

11

19.9

16.7

31.0

56.4

12

17.0

16.1

14.7

14.7

13

13.6

12.5

11.0

10.7

14
15
16
17

2.6
11.0
2.8
8.2

2.2
10.2
2.5
7.8

1.6
9.4
2.4
7.0

1.8
9.0
2.5
6.5

State and local
Current receipts
Contributions for social insurance

20.0

1995

Federal

994.0

1.9
1.9
1.3

40
41

Line

1998

,

v ©rSOnfll COntriDUilOnS •••••••••••••••••••••••••••••••#••••••••••#»•••••#••••§••••••#••••••••••••
Employer contributions
Government
Other
Interest received
Current expenditures
Administrative expenses (consumption expenditures)

Transfer payments to persons
Current surplus or deficit (-)

18

3.4

3.6

3.7

3.9

19

13.0

13.3

13.5

13.8

20
21

2.3
10.7

2.4
10.9

2.7
10.9

3.0
10.8

22

4.0

2.7

1.2

.9

NoTE.-ln this table, interest received is included in current receipts; in tables 3.1, 3.2, 3.3, 3.16, 3.18, 3.19,
9.3, and 9.4, interest received is netted against current expenditures.

SURVEY OF CURRENT BUSINESS
e

December 1999 •

75

Foreign Transactions.
Table 4.1 .—Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1996

1995

1997

1998
1

1

Receipts from the rest of the world

2
3
4
5
6

Exports of goods and services
Goods 1
Durable
Nondurable
Services1

7

Income receipts
Payments to the rest of the world

8

Imports of goods and services
Soods 1
Durable
Nondurable
Services1

Net foreign investment

II

III

IV

I

II

1999

1998
III

IV

II

I

I

IV

III

li

III

1,050.8 1,119.7 1,250.6 1,251.6 1,092.4 1,102.4 1,111.2 1,172.9 1,198.5 1,250.2 1,279.4 1,274.3 1,265.4 1,253.0 1,225.5 1,262.7 1,250.7 1,274.3 1,318.6
818.6
583.8
394.3
189.6
234.7

874.2
618.4
421.7
196.7
255.8

968.0
689.0
483.5
205.4
279.0

966.3
681.3
487.2
194.0
285.1

853.3
607.8
411.7
196.1
245.5

864.7
611.4
416.3
195.1
253.3

865.6
615.4
421.2
194.2
250.1

913.1
639.0
437.6
201.5
274.0

929.6
659.4
458.1
201.3
270.2

965.3
685.7
481.4
204.3
279.6

988.6
704.8
499.4
205.4
283.8

988.6
706.0
495.3
210.7
282.6

974.3
692.8
493.5
199.3
281.5

960.1 949.1 981.8
671.8 667.2 693.3
477.8 479.4 498.3
194.0 187.8 195.0
288.2 281.9 288.6

232.3

245.6

282.6

285.3

239.1

237.7

245.6

259.8

268.9

284.9

290.9

285.7

291.1

292.9

276.4

966.9 978.2 1,008.7
674.3 680.5 707.3
486.7 489.8 511.1
187.6 190.7 196.2
292.6 297.7 301.4
283.8

280.8

296.1

309.9

1,050.8 1,119.7 1,250.6 1,251.6 1,092.4 1,102.4 1,111.2 1,172.9 1,198.5 1,250.2 1,279.4 1,274.3 1,265.4 1,253.0 1,225.5 1,262.7 1,250.7 1,274.3 1,318.6

9
10
11
12
13

902.8
757.6
510.4
247.3
145.2

963.1 1.056.3 1,115.9
808.3 885.1 930.4
533.3 587.3 636.1
275.1 297.8 294.3
154.8 171.2 185.5

929.1
778.6
523.7
254.9
150.5

954.5
801.9
529.3
272.6
152.6

976.1
818.6
539.8
278.8
157.5

992.8 1.017.3 1.042.8 1,079.2 1,086.0 1,091.7 1,114.0 1.114.8 1,143.1 1,168.5 1,224.0 1,285.4
834.3 852.3 874.1 904.3 909.7 912.8 928.9 927.2 952.6 974.3 1,022.3 1.079.0
540.4 560.6 581.3 601.6 605.9 620.7 632.3 632.0 659.5 676.6 701.7 732.5
293.9 291.7 292.8 302.7 303.8 292.1 296.7 295.2 293.2 297.7 320.6 346.5
158.5 165.0 168.7 174.9 176.3 178.9 185.1 187.7 190.4 194.2 201.7 206.4

14

211.9

227.5

278.4

295.2

212.3

220.0

234.1

243.5

263.7

275.4

288.9

285.5

288.0

292.9

302.0

297.9

298.2

310.4

327.1

......

15
16
17
18

34.0
16.5
9.8
7.7

39.8
185
13.6
8.0

39.6
20.6
10.0
9.0

42.0
22.3
10.4
9.3

41.7
17.4
16.8
7.5

34.6
18.0
8.6
8.1

35.4
18.2
9.0
8.2

47.6
19.3
19.9
8.4

34.8
19.6
6.7
8.5

35.8
19.8
7.1
8.9

38.1
21.5
7.4
9.2

49.8
21.7
18.8
9.3

37.9
21.1
7.6
9.1

37.4
21.8
6.2
9.3

41.3
22.9
9.1
9.3

51.6
23.3
18.7
9.6

39.7
23.5
6.8
9.5

43.6
24.6
9.2
9.8

42.5
24.9
8.3
9.3

..

19

-90.7 -106.7 -134.5 -111.0 -117.3 -103.7 -126.7 -146.9 -152.1 -191.4 -232.6 -229.9 -255.7 -303.7

336.4

Income payments
Transfer payments (net)
From persons (net)
From oovernment (net)
From business ....

1997

1996

1. Exports and imports of certain goods, primarily military
ment, are included in services. Beginning with 1986, repairs
to services.

-98.0 -110.7 -123.7 -201.5

.
J Governj alterations of equipment are reclassified from goods

Table 4.2.—Real Exports and Imports of Goods and Services and Receipts and Payments of Income
[Billions of chained (1996) dollars]

Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1996

1997

I
Exports of goods and services
Goods l ..
Durable
Nondurable
Servicesl

807.4
568.8
378.0
191.0
238.8

874.2
618.4
421.7
196.7
255.8

I

III

IV

I

II

III

924.2
617.2 651.7
423.9
193.3 205.2
249.9 272.4

943.9
674.0
469.2
204.8

979.9 1,006.8 1,011.2 1,007.3 997.2 993.0 1,030.8 1,016.4 1,026.4 1,055.2
702.9
494.8
208.1
277.1

724.7
515.0
209.8
282.3

731.0
514.3
216.7
280.5

725.9
515.6
210.3
281.7

709.3
501.8
207.5
287.7

712.0
507.5
204.4
281.1

744.2
529.3
214.9
287.0

726.4
518.2
208.1
289.9

279.2 240.5

238.4

245.3

258.1

265.6

280.9

285.9 280.1

285.5

286.9

270.3

274.0

276.0 286.6 298.7

Income receipts

236.5

245.6 278.1

886.6
739.1
481.7
257.8
147.7

963.1 1,095.2 1,222.2
808.3 923.2 1,031.6
533.3 619.8 700.2
275.1 303.5 331.6
154.8 172.1 190.7

Income payments.

215.5

227.5

921.1
769.7
508.0
261.7
151.5

289.6 213.3

867.1

950.4 982.9

734.1
522.8
211.2
292.2

761.6
547.0
214.4
294.1

797.4
524.4
273.1
153.0

825.6
544.8
280.8
157.3

998.1 1,034.7 1,080.8 1,125.5 1,139.9 1,179.0 1,215.6 1,231.0 1,263.1 1,300.9 1,345.4 1,391.9
840.7
912.6 949.1 961.2 993.2 1,025.5 1,037.9 1,069.7 1,102.0 1,142.5 1,188.8
556.0 584.5 611.2 635.9 647.7 673.1 693.3 700.7 733.7 753.6 787.4 825.4
284.7 285.5 301.5 313.3 313.6 320.4 332.5 337.5 336.0 348.5 355.0 363.7
157.3 164.9 168.3 176.4 178.7 185.8 190.1 193.1 193.8 199.4 203.7 204.5

220.6

233.9

242.2

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.




III

I

605.5
413.3
192.2
254.3

722.8
513.5
209.3
284.4

Imports of goods and services
Goods l ...
Durable
Nondurable
Servicesl

274.4

1998

IV

599.2
403.0
196.2
246.4

985.4 1,007.1 845.6
708.1
498.3
209.9
277.5

II

261.0

271.7

284.5

283.4

287.7

295.8

291.3

290.7

301.1

316.0

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Chain-type quantity indexes for the series in this table are shown in table 7.9.

j6

® December

SURVEY OF CURRENT BUSINESS
Table 4.3.—Exports and Imports of Goods and Services by Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates

Une

1995

1996

1997

!
Exports of goods and services
Exports of goods l
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts
Computers, peripherals, and parts
Other.
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable aoods

other

.;.

"."I"""".!...!.""""""!!!!!"..!."!

Exports of services*
Transfers under U.S. military agency sales
contracts.
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services

Other 7.
imports of goods and services

Imports of goods i .
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

1.....

!.

Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable aoods
Other
!.
imports of services l
Direct defense expenditures
Travel
.
Passenger fares
Other transportation
Royalties and license fees
Other private services ..
Other..
Addenda:
Exports of agricultural goods 2
Exports of nonagricuKural goods
Imports of nonpetroleum goods

III

IV

I

III

II

IV

I

II

1999

III

IV

III

II

I

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

818.6

874.2

968.0

966.3

853.3

864.7

865.6

913.1

929.6

965.3

988.6

988.6

974.3

960.1

949.1

981.8

966.9

978.2 1,008.7

583.8

618.4

689.0

681.3

607.8

611.4

615.4

639.0

659.4

685.7

704.8

706.0

692.8

671.8

667.2

693.3

674.3

680.5

707.3

50.5
141.3
49.8
91.4
233.8
26.1
39.7
168.0
61.8
64.4
32.8
31.6
32.1

55.5
141.1
51.0
90.1
253.3
43.7
1787
65.0
70.1
35.7
34.3
33.5

51.5
152.5
55.1
97.5
295.7
41.4
49.4
2050
74.0
77.4
39.8
37.6
37.8

46.4
142.8
53.7
89.1
300.1
53.5
45.2
201.3
73.2
79.3
40.5
38.7
39.5

55.9
140.4
49.8
90.7
249.7
26.4
45.2
178.1
62.3
68.3
34.3
34.0
31.1

57.4
137.6
51.0
86.6
249.6
29.4
43.4
176.8
63.6
69.0
35.1
34.0
34.2

54.8
139.9
51.2
88.7
249.1
30.1
42.9
1761
68.2
70.0
36.0
34.0
33.4

54.1
146.3
51.9
94.4
264.5
37.3
43.4
183 9
66.0
72.9
37.5
35.4
35.2

51.7
147.5
53.3
94.2
277.8
39.4
46.9
191.5
70.4
75.5
38.3
37.2
36.5

51.0
152.8
55.5
97.3
293.4
40.8
49.9
2027
73.3
77.5
40.3
37.2
37.7

49.8
155.2
55.8
99.4
307.9
42.9
51.9
213.1
76.4
77.8
40.5
37.3
37.7

53.6
154.8
55.7
99.1
303.9
42.3
48.7
2128
76.0
78.7
40.2
38.5
39.1

49.4
149.3
56.5
92.8
300.7
47.9
45.5
207.3
77.1
78.4
40.2
38.2
38.0

45.9
143.4
53.7
89.7
291.6
46.5
45.1
200.0
72.6
79.2
40.3
38.8
39.3

42.8
138.8
51.9
86.9
299.0
56.2
44.8
198.0
68.2
80.3
41.2
39.1
37.9

47.5
139.7
52.6
87.1
309.2
63.6
45.6
200.0
74.7
79.2
40.6
38.9
43.0

43.2
133.6
51.7
81.9
301.7
56.6
44.1
200.9
71.4
79.6
39.5
40.1
44.8

45.3
137.0
52.5
84.5
299.5
48.7
46.5
204.3
75.0
79.1
40.5
38.7
44.5

47.1
142.4
53.6
88.8
318.7
53.8
48.2
216.7
76.0
80.4
41.5
38.9
42.7

234.7

255.8

279.0

285.1

245.5

253.3

250.1

274.0

270.2

279.6

283.8

282.6

281.5

288.2

281.9

288.6

292.6

297.7

301.4

13.7

14.6

16.8

16.3

12.6

13.9

14.7

17.2

15.5

18.6

17.4

15.5

17.8

17.3

15.1

15.1

16.5

16.0

16.2

18
19
20
21
22
23
24
25
26
27

634

69 8
20.4
26.1
32.5
72.4
20.0

733

71 3
20.0
25.5
36.8
92.1
23.1

674

647

73.3
20.6
27.0
33.5
84.6
21.9

741

72.4
21.0
27.4
34.0
89.7
22.5

71 6
19.7
25.4
35.5
89.2
22.4

73 0
20.7
25.1
36.0
93.2
22.9

686

71.8
19.4
26.3
39.6
93.0
23.5

726

19.5
25.8
32.8
72.6
20.1

76.4
22.0
27.5
33.9
76.7
20.4

733

20.0
25.1
31.6
69.0
19.9

70.6
20.2
26.0
31.6
71.3
19.7

73.5
21.0
26.9
37.6
98.6
24.2

75.2
21.6
27.6
37.9
98.5
24.3

902.8

963.1 1,056.3 1,115.9

929.1

954.5

976.1

992.8 1,017.3 1,042.8 1,079.2 1,086.0 1,091.7 1,114.0 1,114.8 1,143.1 1,168.5 1,224.0 1,285.4

757.6

808.3

885.1

930.4

778.6

801.9

818.6

834.3

852.3

874.1

904.3

909.7

912.8

928.9

927.2

952.6

974.3 1,022.3 1,079.0

33.2
119.9

35.7
125.2

39.7
135.4

41.2
142.6

33.8
121.4

35.7
122.9

36.3
126.8

37.0
129.5

37.5
131.4

39.5
133.6

41.2
137.7

40.6
138.9

40.8
140.8

41.3
145.0

41.3
144.3

41.6
140.3

41.7
140.0

43.8
143.8

44.1
151.8

28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47

59.8
60.2
56.2
221.4
10.7
56.3
154.4
123.8
160.0
83.8

69.2
66.2
71.8
253.3
16.6
70.2
166.5
139.8
193.9
99.4
94.5
51.2

758

661

49.8

54.1

67.1
49.8
268.2
22.5
71.6
174.1
144.3
219.0
112.2
106.8
60.3

75.1
65.2
45.8
274.2
24.2
74.7
175.3
161.2
221.1
114.7
106.4
68.5

75.0
65.0
42.4
279.1
22.2
77.6
179.3
171.6
229.2
115.8
113.5
70.3

77.8
66.1
63.7
291.7
22.6
82.0
187.1
175.1
232.8
121.5
111.4
71.4

80.3
71.5
78.3
302.3

46.6

67.3
54.4
266.7
18.0
71.9
176.8
145.3
209.4
107.4
102.0
55.3

77.4
67.6
53.6
269.2
22.6
71.7
174.9
145.4
217.1
111.7
1055
57.3

772

45.6

71.4
67.5
68.5
263.5
18.2
70.6
174.7
139.4
204.5
104.4
1001
54.3

736

65.3
77.5
237.1
13.9
66.3
156.9
139.9
182.4
94.3

69.2
64.4
70.7
250.6
15.3
70.5
164.7
138.4
191.4
98.2

701

64.1
82.6
230.3
14.0
62.5
153.8
128.4
180.9
93.5

46.5

64.5
62.3
75.5
226.2
13.1
61.2
151.9
133.8
175.0
92.8
82.1
45.1

654

604

59.8
61.6
58.6
230.6
11.0
61.5
158.1
123.8
165.0
86.8
78.2
45.3

627

66.8
50.9
269.6
21.8
72.5
175.3
149.1
216.7
111.5
1052

43.1

63.1
62.1
72.7
228.1
12.7
61.5
1539
128.9
172.1
90.4
81 7
45.6

82.5
194.7
186.1
242.9
127.1
115.8
73.4

145.2

154.8

171.2

185.5

150.5

152.6

157.5

158.5

165.0

168.7

174.9

176.3

178.9

185.1

187.7

190.4

194.2

201.7

206.4

10.0
44.9
14.7
27.0

11.0
48.0
15.8
27.4

11.7
52.1
18.1
29.0

11.0
47.8
15.4
26.1

10.8
47.1
15.6
28.0

11.2
48.6
16.0
28.0

11.1
48.8
16.3
27.6

11.3
51.6
17.2
28.1

10.9
51.4
18.5
29.3

7.2

7.2

9.2

7.8

8.4

8.6

37.4

37.8

40.1

41.4

43.1

12.6
52.6
18.1
29.6
10.1
46.2

12.4
54.9
18.5
29.3
11.8
44.9

12.2
56.7
19.8
30.4
10.8
48.1

13.1
56.3
20.3
30.8
10.9
48.7

13.6
56.5
20.5
31.4
11.7
49.1

14.0
59.4

36.6

12.0
52.6
18.8
28.8
10.5
45.0

30.9
12.7
49.3

14.4
60.0
21.3
33.2
13.0
52.2

15.3
60.9
22.0
35.3
13.2
52.0

7.7

7.8

48
49
50

1. Exports and imports of certain goods, primarily mi
ment, are included in services. Beginning with 1986, repairs'
to services.




II

1998

1997

1996

1998

18.9
26.1
30.3
63.5
18.9

762

308

20.8
27.0
33.8
85.6
21.8

60.2
74.2
225.3
12.6
60.8
151.8
129.8
167.5
88.3

792

874

20!6
26.8
32.9
80.1
21.0

882

933

20.9
26.8
34.8
87.9
22.0

67.7
70.3
262.0
19.0
73.2
169.7
141.5
197.4
100.9

965

20.2
25.4
36.1
93.1
23.4

20.0
26.0
37.3
96.4
23.8

6.9

78

9.4

35.2

38.0

43.9

12.8
56.1
19.8
30.5
11.3
47.7

6.3

6.7

7.0

7.4

6.5

6.5

6.8

6.9

6.9

7.0

7.2

7.1

7.1

7.2

7.6

7.6

7.4

57.2
526.6
701.5

61.5
556.9
735.6

58.4
630.5
813.3

53.1
628.2
879.5

63.3
544.5
720.0

62.4
548.9
727.6

59.8
555.6
743.1

60.4
578.7
751.7

57.9
601.5
774.9

58.1
627.6
803.4

57.4
647.3
834.0

60.3
645.7
841.2

56.1
636.7
858.4

52.8
619.0
875.3

49.2
618.0
877.3

54.3
638.9
906.8

47.3
627.0
931.9

alterations of equipment are reclassified from goods

2. Includes
ble nonautomotive consumer goods.

205

250

51.7
49.0
631.4
655.6
958.7 1,000.6

SURVEY OF CURRENT BUSINESS

December 1999

•

77

Table 4.4.—Real Exports and Imports of Goods and Services by Type of Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1997

1996

1998

Exports of goods and services
Exports of goods 1
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive ............
Civilian aircraft, engines, and parts
Computers, peripherals, and parts
Other
Automotive vehicles, engines, and parts ..
Consumer goods, except automotive
Durable goods
Nondurable ooods
Other
!.
!
Exports of services 1
Transfers under U.S. military agency sales
contracts.
Travel
Passenger fares
Other transportation
;
Royalties and license fees
Other private services
Other
Residual
,

807.4

874.2

985.4 1,007.1

845.6

568.8

618.4

708.1

722.8

599.2

55.1

54.0
155.4
56.0
99.4
324.6
41.4
61.1
222.4
75.7
77.1
40.1
37.1
38.1

272.4
17.4

269.9
15.6

277.1

282,3
17.9

284.4

246.4

254.3

249.9

17.1

17.1

12.1

14.1

14.9

71.9
20.9
21.5
26.4
26.9
36.0
33.2
91.4
84.9
23.2
21.9
.3
-.4
1,095.2 1,222.2

68.0
20.1
25.4
31.9
69.3
19.8
0

64.4
19.4
25.7
32.7
72.6
20.2

42.2
150.2

921.1
769.7
34.3
120.0

70.8
20.6
26.1
31.7
71.4
19.7
-.1
950.4
797.4
35.0
123.0

61.5
556.9
735.6

62.6
645.4
847.0

626
659.9
949.4

535.3
703.1

Other private services
Other.

54.0
153.3
55.7
97.6
307.7
39.7
57.4
210.8
72.7
77.1
39.9
37.2
38.0

277.5

62.9
506.3
671.7

Direct defense expenditures
Travel
Passenger fares
Other transportation

55.0
147.8
53.5
94.2
289.3
38.3
52.2
198.9
70.0
75.1
38.0
37.0
36.9

14.6

Residual

.'!..'...,

57.7
147.0
52.6
94.4
272.9
36.8
46.7
189.4
65.9
72.7
37.5
35.3
35.7

255.8

Addenda:
Exports of agricultural goods 2
Exports of nonagricultural goods
Imports of nonpetroleum goods

ZZ

•••••••••••••••••••••••••••••••••••••••^••••••••i

53.7
140.8
51.9
88.9
251.3
29.9
44.0
177.4
68.1
70.0
36.0
34.0
33.4

54.1

137.6
50.6
87.1
247.0
29.6
42.3
175.1
63.6
69.0
35.1
34.0
33.9

13.7

59.8
60.1
66.2
215.2
11.2
57.3
146.6
123.8
164.5
86.4
78.1
45.2
151.5
11.0
48.6
15.4
26.2
7.2
36.4
6.5
.8

.T.

712.0

238.8

78.2
71.9
81.4
328.3
20.7
101.3
206.7
148.6
222.3
117.1
105.3
60.4
190.7
14.4
58.7
18.5
31.7
11.0
49.1
7.3
-2.3

OT s © n ^ 8 C 0 8

709.3

324.5
51.1
59.9
212.7
72.5
78.7
40.2
38.4
40.9

68.0
67.6
76.1
286.0
16.0
81.2
188.9
139.5
196.3
101.7
94.6
51.5
172.1
12.8
52.2
17.1
29.6
9.2
44.2
7.0
-1.3

Other

724.7

56.5
138.8
48.8
90.1
241.9
26.9
41.8
173.0
62.5
68.5
34.4
34.1
30.9

63.1
62.1
72.7
228.1
12.7
61.5
153.9
128.9
172.1
90.4
81.7
45.6
154.8
11.0
48.0
15.8
27.4
7.8
38.0
6.7
.1

imports

997.2

702.9

55.6
153.2
55.6
97.6
31-1.1
40.0
57.4
213.8
73.4
76.8
39.4
37.4
38.2

58.9
59.3
67.6
194.0
11.2
48.3
134.5
124.6
160.6
83.8
76.8
43.2
147.7
10.0
46.3
14.9
27.8
7.1
35.2
6.5
-1.9

Foods, feeds, and beverages
Industrial supplies and materials, except petroleum
and products.
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts
Computers, peripherals, and parts
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable Qoods

979.9 1,006.8 1,011.2

674.0

55.5

963.1
808.3
35.7
125.2

Imports of goods and services

943.9

651.7

1,031.6
135.6

52.9

337.2
60.4
63.1
212.3
73.9
78.8
40.2
38.6
44.9

147.1
55.9
91.1
329.6
53.2
62.6
213.4
70.5
79.3
39.5
39.8
46.9

217.5
74.0
78.9
40.5
38.4
46.8

152.5
58.1
94.4
351.2
50.2
71.2
231.3
74.8
80.0
41.4
36.6
44.9

281.1

287.0

289.9

292.2

294.1

16.0

16.1

16.5

16.1

16.2

223.1
75.4
77.9
39.7
38.2
39.7

313.9
44.4
58.4
210.9
71.9
78.5
40.0
38.5
40.4

280.5

281.7

287.7

16.0

18.4

18.0

322.7
40.6
58.9

1,055.2
761.6
59.1
56.1

734.1

57.8

51.4
149.0
55.0
94.0
325.1
53.7
61.0
209.5
67.6
79.8
41.0
38.8
39.4

150.5
56.0
94.4

726.4

152.3
56.3
96.0

154.3
58.5
95.8
321.7
45.9
56.9
218.2
76.4
77.5
39.8
37.8
38.9

156.3
57.0
99.3

744.2

150.1
57.0
93.1

328.4
45.6
67.1

36.6
127.9

72.1
70.2
71.2
70.7
70.6
75.9
72.6
72.8
70.5
66.6
72.0
20.7
19.6
22.0
19.7
21.5
22.1
21.1
22.1
20.9
20.7
20.7
21.6
26.1
27.4
25.8
27.7
26.1
26.5
26.9
27.4
27.0
27.7
27,7
27.1
34.8
38.6
35.2
36.3
35.3
32.5
34.1
33.2
33.0
36.5
36.3
33.6
88.6
92.1
92.4
95.0
92.3
79.5
87.2
88.9
83.8
96.5
96.7
76.4
23.7
23.1
23.9
23.4
22.9
21.2
22.2
22.4
21.8
24.0
24.1
20.5
.3
.5
.8
.4
-.1
-.7
-.7
-.3
.1
-2.7
-1.9
-.3
998.1 1,034.7 1,080.8 1,125.5 1,139.9 1,179.0 1,215.6 1,231.0 1,263.1 1,300.9 1,345.4 1,391.9
961.2 993.2 1,025.5 1,037.9 1,069.7 1,102.0 1,142.5 1,188.8
912.6
949.1
840.7
47.1
46.0
37.0
37.3
38.7
40.8
40.6
41.9
42.8
42.6
43.7
41.4
159.3
154.5
129.9
130.2
134.7
138.0
139.4
151.1
151.2 153.3 151.1
145.1

62.5
60.5
75.3
220.5
12.6
60.1
147.7
129.9
167.3
88.2
79.1
46.4
153.0
10.9
47.4
15.7
27.9
7.3
37.3
6.6
0

64.5
63.3
76.3
230.9
13.0
62.8
155.2
133.7
175.1
93.0
82.1
45.2
157.3
11.1
48.1
16.2
28.0
9.1
38.0
6.8
-.1

65.6
64.3
73.2
245.6
13.8
65.8
166.0
128.3
181.4
93.9
87.5
45.7
157.3
11.1
48.1
16.0
27.5
7.7
40.2
6.8
-.4

65.4
64.9
71.8
260.8
13.5
72.2
175.3
139.8
183.9
95.4
88.5
46.7
164.9
12.1
51.3
16.6
28.2
8.3
41.6
6.8
-1.0

67.7
67.0
77.6
280.4
14.8
79.7
186.1
138.6
193.5
100.2
93.3
50.1
168.3
11.8
50.8
17.3
29.9
8.4
43.1
7.0
-1.3

68.3
69.7
78.8
297.3
18.3
85.8
193.0
141.1
200.0
103.4
96.5
54.4
176.4
13.4
52.9
17.6
29.7
10.3
45.4
7.2
-1.1

70.5
68.9
76.1
305.5
17.4
87.1
201.1
138.6
207.7
107.6
100.1
54.7
178.7
13.9
53.9
17.0
30.6
9.9
46.5
7.1
-1.7

74.1
71.0
77.3
317.1
17.1
94.0
206.4
144.4
213.6
111.6
102.0
55.9
185.8
14.6
58.3
17.3
31.1
11.6
45.9
7.2
-2.2

78.9
72.3
84.4
326.3
21.4
99.0
205.7
144.8
222.7
117.0
105.7
57.5
190.1
14.1
58.9
18.6
31.7
10.5
49.3
7.1

80.2
73.0
84.9
330.3
21.3
101.7
207.3
144.3
225.5
118.6
107.0
60.1
193.1
14.6
59.4
18.9
31.8
10.6
50.3
7.6
-5.2

79.6
71.4
79.2
339.6
22.8
110.5
207.3
160.7
227.3
121.0
106.4
68.1
193.8
14.5
58.2
19.0
32.3
11.4
51.0
7.5
-.6

59.4
546.1
722.2

58.7
558.5
749.4

64.0
587.8
767.7

60.8
613.0
798.4

61.3
641.3
835.1

62.0
662.4
870.1

66.1
664.8
884.5

64.2
661.5
915.1

61.4
647.6
941.6

58.7
652.7
953.3

66.3
62.7
58.8
66.6
677.9
666.7
671.1
694.9
987.7 1.018.2 1,054.4 1,102.7

NoiE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive,
The residual line following the detail for exports is the difference between the aggregate "exports of goods and
services" and the sum of the detailed lines for exports of goods and exports of services. The residual line following
the detail for imports is the difference between the aggregate "imports of goods and services" and the sum of
the detailed lines for imports of goods and imports of services.




18.9

731.0

I

1,030.8 1,016.4 1,026.4

924.2

141.1
51.0
90.1
253.3
30.8
43.7
178.7
65.0
70.1
35.7
34.3
33.5

20.4
26.1
32.5
72.4
20.0
.1

1,007.3
725.9
59.5
57.3

IV

617.2

56.4

64.9
18.9
26.8
31.0
64.5
19.0
-1.3
886.6
739.1
32.5
118.3

I

867,1

605.5
54.2

134.7
48.1
86.6
218.6
27.2
33.3
158,5
62.5
65.3
33.2
32.1
32.0

151.5
56.5
95.1

1999

1998

IV

Ill

982.9
825.6

78.7
72.3
80.6
347.5
20.7
117.7
211.7
170.4
235.7
122.3
113.4
70.7
199.4
15.4
62.5
19.0
32.0
12.3
50.9
7.4
-.8

80.7
73.7
85.3
370.5
21.0
130.8
223.0
173.4
240.8
129.1
111.9
72.2
203.7
16.2
63.1
19.3
31.5
12.5
53.6
7.6
-5.5

81.4
77.9
828
390.2
23.3
136.8
234.1
184.0
251.5
135.4
116.3
74.1
204.5
16.9
62.6
19.6
31.4
12.7
53.9
7.6
-6.0

Chain-type quantity indexes for the series in this table are shown in table 7.10.
Contributions to the percent change in real exports and in real imports of goods and services are shown in
table 8.5.
See footnotes to table 4.3.

j8

• December 1999




SURVEY OF CURRENT BUSINESS
Table 4.5B,—Relation of Foreign Transactions In the National Income
and Product Accounts (NIPA's) to the Corresponding Items in the
International Transactions Accounts (ITA's)
[Billions of dollars]
Line

1995 1996 1997

1998

575.8
5.1
0
13.1

612.1
6.9
0
13.3
618.4

679.7
5.7
0
15.0

670.2
5.5
0
16.5
681.3

Exports of services, ITA's
Less: Transfers of goods and services under military grant programs,
net4.
Statistical differences 2
Other items5
Plus: Adjustment for U.S. territories and Puerto Rico3
Services furnished without payment by financial intermediaries
except life insurance carriers.
Equals: Exports of services, NIPA's

217.6

237.7

258.8

263.7

0
3!6
14.5

37
15.5

0
.5
3.7
17.3

0
.6
3.8
18.5

234.7

255.8

279.0

285.1

Income receipts, ITA's
Less: Statistical differences 2
Plus: Adjustment for U.S. territories and Puerto Rico3
Adjustment for grossing of parent/affiliate transactions6
Equals: Income receipts, NIPA's

212.2
0
16.6
3.4
232.3

224.6
0
17.5
3.4
245.6

0
19.5
4.5
282.6

258.3
0
220
5.0
285.3

Imports of goods, ITA's ....
Less: Gold, ITA's 1
Statistical differences2
Plus: Gold, NIPA's1
Adjustment for U.S. territories and Puerto Rico3
Equals: Imports of goods, NIPA's

749.6
5.3
0
-3.6
17.0
757.6

803.3
7.7
0
-3.8
16.6
808.3

876.4
6.6
0
-3.6
18.9

917.2
6.5
0
-<3.1
22.8
930.4

Imports of services, ITA's .
Less: Statistical differences2
Plus: Adjustment for U.S. territories and Puerto Rico3
Equals: Imports of services, NIPA's

141.4
0
3.7
145.2

150.8
0
4.0
154.8

166.9
0
4.3
171.2

181.0
0
4.5
185.5

Income payments, ITA's ....
Less: Statistical differences2
Plus: Adjustment for U.S. territories and Puerto Rico3
Imputed interest paid to the rest of the world
Adjustment for grossing of parent/affiliate transactions6
Equals: Income payments, NIPA's

192.8
0
1.2
14.5
3.4
211.9

207.4
0
1.2
15.5
3.4
227.5

255.4
0
1.1
17.3
4.5
278.4

270.5
0
1.2
18.5
5.0
295.2

Balance on goods and services and Income, ITA's (1+6+13—18—
24—28).
Less: Gold (2-19+21)
Statistical differences (3+8+14—20—25—29)
Other items (7+9)
Plus: Adjustment for U.S. territories and Puerto Rico (4+10+15—22—
26-30).
Equals: Net exports of goods and services and net receipts of
Income, NIPA's (5+12+17-23-27-33).

-78.1

-87.1 -101.5 -176.5

: ITA's

Less: Gold, TTA's1
Statistical differences 2
Plus: Adjustment for U.S. territories and Puerto Rico3
Equals: Exports of goods, NIPA's

....

Unilateral current transfers, net, ITA's
Less: Transfers of goods and services under military grant programs,
net 4 .
Statistical differences 2
Plus: Adjustment for U.S. territories and Puerto Rico3
Equals: Transfer payments to the rest of the world, net, NIPA's ...
Balance on current account, ITA's (34-40)
Less: Gold (35)
Statistical differences (36-42)
Other items (37—41)
Plus: Adjustment for U.S. territories and Puerto Rico (38—43) ..,
Equals: Net foreign investment, NIPA's (39-44)

-4.4
0
.8
13.8

-4.1
0
.8
13.8

-3.8
0
1.0
11.4

-4.6
0
1.1
12.7

-63.9

-70.9

35.4
.3

42.2
.4

42.0
.3

44.1
.2

1.4
.2
34.0

2.2
.3
39.8

2.4
.3
39.6

2.2
.3
42.0

-84.1 -159.5

-113.6 -129.3 -143.5 -220.6
-4.6
-3.8
-4.4
-4.1
-22
-1.4
-2.4
-22
.7
.7
.5
.6
12.5
13.5
13.4
-110.7 -123.7 -201.5

1. Exports and imports of gold in the NIPA's differ from those in the ITA's. ITA gold exports (line 2) and imports
(line 19) are excluded from the NIPA's; imports of gold in the NIPA's (line 21) is the excess of the value of gold
in gross domestic purchases over the value of U.S. production of gold.
2. Consists of statistical revisions to the ITA's that have not yet been incorporated into the NIPA's and statistical
revisions to the NIPA's that have not yet been incorporated into the ITA's.
3. Consists of transactions between the United States and its territories, Puerto Rico, and the Northern Mariana
Islands. The treatment of U.S. territories, Puerto Rico, and the Northern Mariana Islands in the NIPA's differs from
that in the ITA's. In the NIPA's, they are included in the rest of the world; in the ITA's, they are treated as part
of the United States. The adjustment to unilateral current transfers, net (line 43) consists only of transfer payments
from persons, because transfer payments, subsidies, and grants-in-aid from the Federal Government to residents
of U.S. territories, Puerto Rico, and the Northern Mariana Islands are excluded from NIPA transfer payments to
the rest of the world.
4. Transfers of goods and services under military grant programs, net, are classified as exports and as unilateral
current transfers in the ITA's. In the NIPA's, these transactions are excluded from exports and from transfer payments and are included in Federal Government consumption expenditures. Beginning with 1968, the ITA's classify
certain items as military grants that the NIPA's do not.
5. Beginning with 1988, the ITA's classify certain items as military grants that the NIPA's do not. In the NIPA's
these transactions are excluded from exports and included in transfer payments from government.
6. In the ITA's, income transactions between parents and affiliates are recorded on a net basis. In ITA exports,
U.S. parents' receipts from foreign affiliates for interest are net of such payments by U.S. parents to foreign affiliates. In ITA imports, U.S. affiliates' payments to foreign parents for interest are net of such receipts by U.S. affiliates
from foreign parents. In the NIPA's, these transactions are recorded on a gross basis. The amount of the adjustment
is identical in payments and in income receipts and, thus, does not affect NIPA net income receipts or net foreign
investment.

SURVEY OF CURRENT BUSINESS

December 1999

5. Saving and InvestmentTable 5.1—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
line

Gross saving
uiross Dnvdto savino
Personal saving
Undistributed corporate profits with inventory
valuation and capital consumption adjustments.

1995

1996

1997

1998

1996

1998

1997

1999

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

1,295.6

1,328.2

1,372.8

1,400.5

1,440.9

1,522.4

1,548.2

1,573.7

1,623.1

1,611.4

1,664.1

1,685.4

1,727.8

1,709.5

1,739.3

1

1,257.5

2
3
4

1,266.0 1,290.4 1,362.0 1,371.2 1,282.7 1,264.6 1,305.6 1,308.6 1,324.3 1,382.0 1,364.1 1,377.7 1,382.5 1,352.2 1,367.7 1,382.3 1,389.4 1,359.3 1,359.1
227.5
139.4
302.4
272.1
271.1
229.7
282.2
253.1
269.3
248.9
217.5
224.8
195.1
168.0
286.1
267.1
263.4
296.1
255.5
246.5
257.2
257.2
231.3
264.6
271.9
259.5
203.1
232.5
265.9
232.9
228.1
237.7
254.1
259.5
251.1
277.6
267.9
277.2

1,349.3

1,521.3

1,646.0

8
9
10

203.3
-18.3
18.1
512.6
231.5
16.4

205.0
3.1
24.4
543.6
238.5
3.6

223.9
7.4
34.6
579.4
249.8
-4.1

193.1
20.9
43.3
619.2
261.5
3.5

207.3
2.1
21.9
531.0
234.6
3.6

210.3
-1.7
24.2
538.4
236.6
3.6

198.2
4.7
25.2
547.7
240.1
3.6

204.1
7.1
26.4
557.4
242.7
3.6

213.8
9.3
31.0
565.6
245.4
-4.1

222.7
11.2
33.9
574.3
248.0
-4.1

236.5
4.9
35.7
584.1
251.5
-4.1

222.6
4.0
38.0
593.6
254.3
-4.1

202.5
29.5
39.9
602.2
256.0
3.5

203.6
13.6
42.4
612.6
259.1
3.5

187.4
19.8
43.9
625.0
263.3
3.5

178.8
20.8
46.9
637.1
267.7
3.5

213.7
13.3
50.6
645.8
271.0
0

219.9
-13.6
53.2
657.2
274.6
0

231.3
-26.5
52.4
675.4
287.0
0

Gross Government saving
Federal
."
Consumption of fixed capital
Current surplus or deficit (-), national income

11
12
13
14

-108.0
84.0
-192.0

58.9
-51.5
85.3
-136.8

159.3
37.7
86.6
-48.8

274.8
134.3
87.4
46.9

12.9
-91.5
85.0
-176.5

63.5
-51.9
85.1
-137.0

67.2
-44.6
85.5
-130.1

92.0
-18.0
85.7
-103.7

116.6
-1.3
86.1
-87.4

140.4
23.2
86.4
-63.2

184.0
58.7
86.6
-27.9

196.0
70.3
87.1
-16.8

240.7
111.9
87.0
24.9

259.2
130.5
87.0
43.5

296.4
147.1
87.5
59.6

303.0
147.8
88.1
59.7

338.3
187.2
89.6
97.6

350.2
208.3
90.2
118.1

380.1
225.9
91.2
134.7

State and local
Consumption of fixed capital
Current surplus or deficit (-), national income
and product accounts.

15
16
17

99.4
84.1
15.3

110.4
88.9
21.4

121.5
94.0
27.5

140.5
98.8
41.7

104.3
87.3
17.0

115.4
88.3
27.2

111.8
89.5
22.3

109.9
90.7
19.3

117.9
92.0
25.9

117.2
93.5
23.7

125.3
94.4
30.9

125.6
95.9
29.7

128.8
96.8
32.0

128.7
97.8
30.9

149.3
99.4
49.9

155.2
101.1
54.2

151.1
102.4
48.7

141.9
104.3
37.6

154.2
106.0
48.3

1,382.1

1,518.1

1,598.4

1,330.0

1,377.7 1,397.9

1,422.8

1,461.8

1,546.3

1,530.7

1,533.7

1,624.6

1,569.9

1,576.2

1,623.0

1,628.4

1,574.0

1,594.4

Inventory valuation adjustment
Capital consumption adjustment
Corporate consumption of fixed capital
Noncorporate consumption of fixed capital
Wage accruals less disbursements

5
6

18

1,284.0

Gross private domestic investment
Gross government investment
Net foreign investment

19
20
21

1,143.8 1,242.7 1,383.7 1,531.2 1,172.4 1,231.5 1,282.6 1,284.3 1,327.0 1,392.2 1,395.9 1,419.6 1,514.3 1,495.0 1,535.3 1,580.3 1,594.3 1,585.4 1,636.0
258.1
248.3
250.1
268.7
2530
249.9
261.0
262.4
266.3
273.5
289.8
292.2
238.2
249.4
252.1
257.9
261.5
272.6
294.8
-90.7 -106.7 -134.5 -111.0 -117.3 -103.7 -126.7 -146.9 -152.1 -191.4 -232.6 -229.9 -255.7 -303.7 -336.4
-98.0 -110.7 -123.7 -201.5

Statistical discrepancy

22

26.5

32.8

-3.2

-47.6

34.4

49.6

25.1

22.3

20.9

23.9

-17.5

-40.0

1.4

-41.5

-87.9

-62.4

-49.4

-135.5

-144.8

23

16.9

17.2

18.3

18.8

16.9

17.0

17.4

17.5

17.7

18.4

18.5

18.6

18.8

18.6

19.0

18.9

19.1

18.7

18.7

Gross investment

Addendum:
Gross saving as a percentage of gross national
product.




80 « December 1999

SURVEY OF CURRENT BUSINESS

Table 5.2.—Gross and Net Investment by Major Type

Table 5.3.—Real Gross and Net Investment by Major Type

[Billions of dollars]

[Billions of chained (1996) dollars]
Une

Gross private domestic Investment
Less: Consumption of fixed capital
Equals: Net private domestic investment
Ffxed investment
Less: Consumption of fixed capital
Equals: Net fixed investment

Presidential
Less: Consumption of fixed capital
Equals: Net nonresidential

1995

1996

Une

1997

1,143.8 1,242.7 1,383.7 1,531.2
744.1
782.1
829.2
880.8
399.7
554.5
650.5
1,110.7

744.1
366.6
825.1
622.4
202.7

1,212.7 1,315.4 1,460.0
782.1
829.2
880.8
430.6
486.2
579.3
899.4

656.5
242.9

986.1 1,091.3
696.7
742.3
289.4
349.0

1995

1996

1997

1998

Less: Consumption of fixed capital
Equals: Net pnvate domestic investment

1
2
3

1,140.6 1,242.7 1,385.8 1,547.4
899.8
743.3
782.1
832.1
553.7
647.6
397.3
460.6

Fixed Investment
Less: Consumption of fixed capital
Equals: Net fixed investment

4
5
6

1,109.2 1,212.7 1,316.0 1,471.8
743.3
782.1
832.1
899.8
430.6
484.0
572.0
365.8

Non residential
Less: Consumption of fixed capital
Equals: Net nonresidential

7
8
9

817.5
619.1
198.4

899.4
656.5
242.9

995.7 1,122.5
757.2
701.5
365.3
294.2

Structures
Less: Consumption of fixed capital ....
Equals: Net structures

204.6
135.2

225.0
140.3
84.6

254.1
148.2
105.9

272.8
155.2
117.6

Structures
Less: Consumption of fixed capital
Equals: Net structures

10
11
12

210.1
139.0
71.1

225.0
140.3
84.6

244.0
143.0
101.0

254.1
146.1
108.0

Equipment and software
Less: Consumption of fixed capital ....
Equals: Net equipment and software .

620.5
487.2
133.2

674.4
516.2
158.3

732.1
548.5
183.5

818.5
587.1
231.4

Equipment and software
Less: Consumption of fixed capital
Equals: Net equipment and software

13
14
15

607.6
480.2
127.3

674.4
516.2
158.3

751.9
558.7
193.2

870.6
611.9
258.7

285.6
121.7
164.0

313.3
125.6
187.7

329.2
132.5
196.7

368.7

16
17
18

29f.7

313.3
125.6
187.7

320.6
128.8
191.8

Residential
Less: Consumption of fixed capital
Equals: Net residential
Change In private Inventories
Gross government Investment1
Less: Consumption of fixed capital
Equals: Net government investment
Federal
National defense
Nondefense
State and local

138.4
230.3

33.0

30.0

68.3

71.2

258.1
180.5
77.6
-5.8
-14.6
8.9
83.4

268.7

168.1
70.0
-1.7
-9.9
8.2
71.7

250.1
174.3
75.9
1.0
-8.4
9.4
74.9
140.3
71.9
68.4
3.3
-1.8
5.1
65.2

148.3

75.6
72.7
.3
-3.0
3.4
72.3

151.9
78.9
73.0
1.1
-3.5
4.6
71.9

109.8

109.8
104.9
4.9
-$.1
-11.6
5.5
11.0

116.8
107.3
9.5
-3.3
-9.4
6.1
12.8

Structures
Less: Consumption of fixed capital
Equals: Net structures
Federal
National defense
Nondefense
State and local

134.4

Equipment and software
Less: Consumption of fixed capital...
Equals: Net equipment and software
Federal
National defense ,
Nondefense
State and local

103.8
99.6
4.2
-4.7
-7.9
3.1
8.9

68.5
65.9
3.0
-2.0
5.1
62.8

102.4
7.4
-2.3
-6.6
4.3
9.7

186.2
82.5
-2.2
-12.9
10.7
84.7

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; change in inventories is included in government consumption expenditures.




Residential
Less: Consumption of fixed capital
Equals: Net residential

124.3
167.4

;

350.2
132.1
218.0

19

30.4

30.0

69.1

74.3

20
21
22
23
24
25
26

240.8
169.7
71.2
-2.0
-10.2
8.1
73.2

250.1
174.3
75.9
1.0
-8.4
9.4
74.9

256.3
179.5
76.8
-4.9
-13.9
9.0
81.6

266.4
185.4
81.0
-.8
-11.8
11.0
81.8

Structures
Less: Consumption of fixed capital
Equals: Net structures ...
Federal
National defense
Nondefense
State and local

27
28
29
30
31
32
33

138.5

140.3
71.9
68.4
3.3
-1.8
5.1
65.2

143.4
73.2
70.2
.3
-2.9
3.3
69.9

143.1
74.4
68.7
1.0
^3.3
4.3
67.7

Equipment and software
Less: Consumption of fixed capital
Equals: Net equipment and software
Federal
National defense
Nondefense
State and local

34
35
36
37
38
39
40

109.8
102.4
7.4
-2.3
-6.6
4.3
9.7

112.9
106.3
6.5
-5.2
-11.0
5.8
11.7

123.8
111.0
12.8
-1.8
-8.5
6.7
14.5

Change In private Inventories
Gross government Investment1
Less: Consumption of fixed capital
Equals: Net government investment
Federal
..
National defense
Nondefense
State and local

7o.e
67.9
3.1
-2.1
5.2
64.8
102.4
99.1
3.3
-5.1
-8.1
2.9
8.5

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; change in inventories is included in government consumption expenditures.
NOTES.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Chain-type quantity indexes for the series in this table are shown in table 7.19.

SURVEY OF CURRENT BUSINESS

December 1999

•

8l

Table 5.4.—Private Fixed Investment by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1997

1997

1998

1999

1,110.7 1,212.7 1,315.4 1,460.0 1,165.6 1,201.7 1,232.6 1,250.9 1,274.1 1,299.6 1,338.3 1,349.4 1,415.4 1,454.2 1,461.7 1,508.9 1,543.3 1,567.8 1,599.1

Private fixed Investment

825.1

899.4

986.1 1,091.3

865.1

Structures
Nonresidential buildings, including farm
Utilities
.!.
.;.
Mining exploration, shafts, and wells
Other structures

204.6

225.0
161.7
36.0
21.1
6.2

254.1
180.9
36.5
30.0
6.7

272.8
197.0
39.2
30.0
6.5

213.4
151.8
35.8
19.0
6.8

220.0
157.4
35.5
20.7
6.3

Equipment and software
Information processing equipment and software
Computers and peripheral equipment1
,
Software2
Other
Industrial equipment....
Transportation equipment
Other

620.5
262.0
64.6
83.5
113.8
128.7
126.1
103.7

674.4

732.1
315.4
76.7
106.6
132.1
142.3
150.9
123.5

818.5
356.9
88.5
123.4
144.9
150.2
176.0
135.5

651.7
280.0
70.5
91.7
117.8
135.0
129.1
107.6

665.4

287.3
70.9
95.1
121.3
136.4
138.9
111.8

283.4
69.6
94.0
119.8
137.7
134.6
109.8

285.6

313.3

329.2

368.7

300.5

316.3

278.3
145.0
17.9
115.4

305.6
159.1
20.3
126.2

321.3
164.4
22.9
134.0

360.4
189.5
24.5
146.5

293.0
152.9
19.9
120.3

308.7
160.2
21.7
126.8

7.3

7.7

7.9

8.3

7.5

7.7

144.3
358
17.2
7.3

Residential
Structures
Single family
Multifamily
Other structures
Equipment

913.6

933.7

952.7

972.7 1,007.7 1,011.4 1,065.9 1,090.8 1,087.2 1,121.4 1,139.9 1,155.4 1,187.9

226.3
163.2
35.5
21.6
5.9

240.3
174.2
37.3
23.0
5.8

247.6

247.8
175.8
36.2
30.2
5.6

257.8
185.2
37.0
29.5
6.1

263.1

178.2
35.5
28.2
5.6

184.4
37.2
32.2
9.3

267.4
191.0
38.7
31.3
6.4

274.0
196.1
38.9
32.1
6.9

271.7
197.5
39.2
28.8
6.3

278.0
203.3
40.1
28.0
6.6

274.7
204.0
39.2
25.2
6.4

272.5
199.8
39.1
26.0
7.6

273.7
197.7
40.0
29.3
6.6

687.3

693.4
294.8
71.7
98.9
124.2
137.2
145.5
115.9

705.2
303.1
73.8
102.2
127.1
136.4
146.0
119.7

724.9
309.9
75.7
105.0
129.2
141.9
150.2
122.9

749.9

290.9
71.6
96.1
123.2
135.9
146.5
114.0

322.7
79.0
108.0
135.7
144.3
156.9
126.0

748.3
325.9
78.4
111.2
136.2
146.6
150.3
125.6

798.4
343.4
85.9
115.8
141.8
148.6
174.7
131.7

816.8
353.3
88.6
120.7
144.1
149.7
177.2
136.5

815.4
361.0
89.1
126.2
145.8
150.9
164.9
138.6

369.7
90.5
131.2
148.0
151.4
187.0
135.3

865.2
382.3
92.3
135.5
154.5
147.9
193.1
142.0

882.9
401.7
96.4
140.7
164.6
149.3
193.6
138.3

914.3
418.8
101.6
146.7
170.4
152.9
207.8
134.8

319.0

317.2

321.4

326.8

330.7

338.0

349.5

363.4

374.5

387.5

403.4

412.4

411.2

311.3
162.9
19.5
129.0

309.4
160.5
20.2
128.7

313.5
161.1
22.0
130.4

319.0
163.5
22.9
132.6

322.7
164.5
22.4
135.9

330.1
168.7
24.2
137.2

341.3
176.1
25.0
140.2

355.1

379.1
202.2
24.8
152.1

394.6

185.5
23.9
145.8

366.1
194.0
24.1
148.0

211.8
27.7
155.1

403.6
213.7
27.5
162.4

402.1
211.9
27.6
162.6

7.7

7.8

7.9

7.8

7.9

7.9

8.2

8.3

8.4

8.5

8.7

8.9

9.0

1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.

Table 5.5.—Real Private Fixed Investment by Type
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1997
IV .

Private fixed Investment

1,109.2 1,212.7 1,316.0 1,471.8 1,165.2 1,203.7 1,231.6 1,250.2 1,274.1 1,300.6 1,337.9 1,351.3 1,424.2 1,466.7 1,474.0 1,522.5 1,555.9 1,581.0 1,612.7
817.5

899.4

995.7 1,122.5

861.6

885.6

914.3

936.2

957.9

980.8 1,018.0 1,026.1 1,088.6 1,120.2 1,120.3 1,160.8 1,182.7 1,202.9 1,241.0

Structures
Nonresidential buildings, including farm
Utilities
...
.?.
Mining exploration, shafts, and wells
Other structures

210.1
147.6
36.8
18.2
7.5

225.0
161.7
36.0
21.1
6.2

244.0
175.3
35.7
26.4
6.5

254.1
184.6
38.0
25.4
6.2

215.9
153.4
36.1
19.6
6.8

221.3
158.3
35.7
21.0
6.4

225.4
162.4
35.5
21.5
5.9

237.3
172.4
36.8
223
5.7

242.0
175.1
35.1
26.2
5.5

239.5
171.4
35.4
26.9
5.5

245.9

248.6
176.1
36.2
27.1
9.0

252.1
181.7
37.6
26.5
6.1

256.4

178.5
36.0
25.4
5.9

184.9
37.7
27.1
6.6

252.1
184.2
37.9
24.2
5.9

255.7
187.4
38.7
23.6
6.2

251.9
186.6
38.1
21.6
6.0

248.5
181.2
38.0
22.6
7.1

Equipment and software
Information processing equipment and software
Computers and peripheral equipment1
Software2
Other
Industrial equipment
Transportation equipment
Other

607.6

674.4

418.5
154.2
129.2
147.1
148.1
175.3
132.3

$45.8
271.7
63.1
90.7
117.8
135.6
130.2
108.3

281.4
67.9
93.6
119.7
138.0
134.7
110.2

293.6
73.9
96.4
123.3
135.7
145.8
113.8

698.8
302.4
78.5
99.8
124.3
136.5
144.9
115.0

715.8
316.9
85.8
104.0
127.6
135.6
144.9
118.6

741.5
330.0
94.2
107.1
129.9
141.1
149.1
121.6

772.3
350.2
105.1
111.1
136.2
143.2
155.0
124.7

777.8
360.4
110.9
115.3
137.1
145.1
149.6
124.0

837.9
388.8
131.3
120.9
143.1
147.0
174.2
129.4

865.5
409.4
146.9
126.2
146.3
147.9
177.0
133.8

870.6
427.4
160.4
131.9
148.3
148.7
164.2
135.1

908.5
448.5
178.3
137.8
150.9
148.9
185.8
131.0

935.7
470.4
193.4
141.6
157.8
145.0
190.8
137.0

960.9 1,001.9

287.3
70.9
95.1
121.3
136.4
138.9
111.8

751.9
339.4
99.0
109.4
132.7
141.3
149.6
122.2

870.6

242.8
49.2
82.0
113.1
131.3
128.2
106.2
291.7

313.3

320.6

350.2

303.6

318.1

317.3

314.0

316.3

320.5

325.7

336.5

284.4
147.7
18.4
118.3

305.6

312.7
159.8
21.9
131.0

341.8
180.3
21.8
139.8

296.1
154.5
20.2
121.4

310.4
161.5
21.9
127.1

309.7
161.8
19.3
128.5

306.3
158.7
19.9
127.6

308.5
158.2
21.6
128.7

312.2
159.8
22.2
130.2

312.5
159.0
21.2
132.3

317.7
162.1
22.6
132.9

7.4

7.7

7.9

8.4

7.5

7.7

7.7

7.8

7.8

-2.7

-18.9

0

0

Nonresidential

Residential
Structures
Single family
Multifamily
Other structures
Equipment
Residual

159.1
20.3
126.2

-2.7

664.3

1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
NOTES.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity




.1

170.1
23.1
135.1

501.0
212.9
147.0
168.4
146.6
191.6
133.3

247.5
177.6
38.7
25.4
6.2
528.5
235.6
153.0
174.8
149.9
207.0
130.1

347.4

354.2

362.6

373.7

378.8

374.1

339.0

345.8
184.0
21.2
140.7

354.0
189.3
21.1
143.7

364.8
195.8
23.3
145.7

369.7

364.9

195.8
22.9
151.1

192.2
22.8
150.1

177.8
21.6
139.7

7.8

7.9

8.0

8.2

8.4

8.4

8.5

8.9

9.1

9.2

-1.6

-3.6

-4.7

-10.1

-15.2

-21.1

-28.7

-35.7

-46.6

-59.9

indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.6.
Contributions to the percent change in real private fixed investment are shown in table 8.4.

82 • December 1999

SURVEY OF CURRENT BUSINESS

Table 5.6=—Private Fixed Investment in Structures by Type

Table 5.7.—Real Private Fixed Investment in Structures by Type

[Billions of dollars]

[Billions of chained (1996) dollars]
Une

Private fixod SnvBStmsnt in structuros .

Nonresidential buildings, excluding farm .
Industrial
Commercial
Office buildings1
Other2
.!.
Religious
Educational
Hospital and institutional
Other3
Utilities
Railroads
Telecommunications
Electric light and power.
Gas
Petroleum pipelines
Mining exploration, shafts, and wells .
Petroleum and natural gas
Other
Other4
Brokers' commissions on sale of structures ,
Net purchases of used structures
Residential
New
New housing units ..
Permanent site
Single-family structures .
Multifamily structures
Manufactured homes
Improvements
Other5
Brokers' commissions on sale of structures .
Net purchases of used structures

1995

1996

1997

482.9

530.6

575.4

204.6

225.0

254.1

272.8

204.3

224.6

252.9

272.6

141.3
32.5
70.8
29.8
41.0
4.2
6.2
12.5
15.1

158.0
32.7
78.7
32.4
46.3
4.4
7.7
13.1
21.4

177.1
31.4
89.7
39.9
49.8
5.6
9.8
15.1
25.5

193.1
32.3
100.0
48.3
51.7
6.5
10.8
15.2
28.2

35.8
3.5
11.0
14.1
6.2

36.0
4.4
11.7
11.3
7.6
1.0

36.5
4.9
12.6
11.3
6.6
1.0

39.2
5.3
14.3
11.7
6.6
1.3

Utilities
Railroads
Telecommunications
Electric light and power

3.0
17.2
15.8
1.4
6.9

3.7
21.1
19.4
1.7
5.8

3.8
30.0
28.3
1.7
5.5

3.9
30.0
28.0
2.0
6.4

Farm
Mining exploration, shafts, and wells

1.6
-1.3

1.8
-1.4

2.0
-.8

2.2
-2.0

278.3

305.6

246.6

1998
Private fixed Investment In structures

321.3

360.4

282.1

314.4

174.3
162.9
145.0
17.9
11.4
71.8
.5

192.2
179.4
159.1
20.3
12.8
77.0
.6

200.8
187.3
164.4
22.9
13.5
80.5
.8

229.1
213.9
189.5
24.5
15.2
84.4
.9

33.0
-1.3

37.5
-1.7

41.7
-2.5

49.0
-3.0

1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and of fraternity and sorority houses.




Nonresldentiai

..

New
Nonresidential buildings, excluding farm
Industrial. . ..
Commercial
Office buildingsl
. . .
Other2
Religious
Educational
Hospital and institutional
Other3

Petroleum pipelines

Sher

Other4

.

.

.

Brokers' commissions on sale of structures
Net purchases of used structures
DAQlHAfltittl

New
New housing units

.

Single-family structures
Multifamily structures
Manufactured homes
Improvements
Other5
Brokers' commissions on sale of structures
Net purchases of used structures
Residual

.

....

Line

1995

1996

1997

1

494.5

530.6

556.8

595.8

2

210.1

225.0

244.0

254.1

3

209.7

224.6

242.8

253.9

4
5
6
7
8
9
10
11
12

144.5
332
72.4
30.5
41.9
43
6.4
12.8
15.4

158.0
32.7
78.7
32.4
46.3
44
7.7
13.1
21.4

171.6
30.4
86.9
38.7
48.2
54
9.5
14.6
24.7

180.9
30.2
93.8
45.3
48.5
61
10.2
14.3
26.4

13
14
15
16
17
18

36.8
3.7
11 6
14.3
6.3
.9

36.0
4.4
11 7
11.3
7.6
1.0

35.7
4.8
124
11.1
6.5
.9

38.0
5.1
141
11.2
6.3
1.2

19
20
21
22
23

3.1
18.2
16.8
14
7.1

3.7
21.1
19.4
17
5.8

3.7
26.4
24.7
16
5.3

3.6
25.4
23.5
19
6.0

24
25

1.7
-1.3

1.8
-1.4

2.0
-.8

2.1
-1.9

26

284.4

305.6

312.7

341.8

27

252 0

2698

273 8

2975

28
29
30
31
32
33
34

177.8
166.1
147.7
18.4
11 8
73.7
.5

192.2
179.4
159.1
20.3
128
77.0
.6

194.9
181.7
159.8
21.9
133
78.1
.8

216.7
202.0
180.3
21.8
147
79.9
.9

35
36

33.7
-1.3

37.5
-1.7

41.4
-2.4

47.3
-2.9

37

-.1

0

.2

-.3

1998

1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and of fraternity and sorority houses.
NOTES.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.7.

SURVEY OF CURRENT BUSINESS
Table 5.8.—Private Fixed Investment in Equipment and Software by Type
[Billions of dollars]
Line

1995

1997

1998

627.8

682.1

739.9

826.8

620.5

674.4

732.1

818.5

Information processing equipment and software ....
Computers and peripheral equipment1
Software 2
Communication equipment.
Instruments
Photocopy and related equipment ....
Office and accounting equipment

262.0
64.6
83.5
60.0
31.3
15.0
7.5

287.3
70.9
95.1
65.6
33.3
14.7
7.8

315.4
76.7
106.6
73.0
35.0
15.8
8.3

356.9
88.5
123.4
83.6
36.3
15.2
9.8

Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment ...
Electrical transmission, distribution, and industrial apparatus .

128.7
11.8
3.5
30.6
32.9
30.0
19.8

136.4
13.4
4.3
31.7
34.6
31.6
20.9

142.3
13.2
3.5
35.0
35.2
33.5
21.9

150.2
14.0
4.3
36.4
35.7
36.8
23.0

Transportation equipment
Trucks, buses, and truck trailers
Autos .......
Aircraft.
Ships and boats
Railroad equipment

126.1
69.0
37.4
12.7
1.7
5.3

138.9
77.9
41.3
12.2
2.2
5.4

150.9
87.0
41.7
14.4
2.2
5.6

176.0
97.0
40.5
28.0
3.0
7.5

Other equipment
Furniture and fixtures .
Tractors
Agricultural machinery, except tractors ....
Construction machinery, except tractors ,
Mining and oilfield machinery .
Service industry machinery
Electrical equipment, n.e.c
Other

108.6
26.1
10.6
10.7
15.0
2.6
13.5
9.8
20.3

116.5
27.6
10.6
11.4
17.3
2.8
14.2
10.6
21.9

128.0
31.2
11.4
12.2
19.6
3.1
14.4
11.6
24.5

140.5
33.7
12.1
12.9
22.4
4.6
15.7
12.8
26.2

5.0

4.6

4.5

4.9

7.3

7.7

7.9

8.3

Private fixod Investment in equipment and software .
Nonresidentlal equipment and software .

Less: Sale of equipment scrap, excluding autos .
Residential equipment
Addenda:
Private fixed investment in equipment and software
Less: Dealers' margin on used equipment
Net purchases of used equipment from government
Plus: Net sales of used equipment
Net exports of used equipment
Sale of equipment scrap
Equals: Private fixed investment in new equipment and software .

Table 5.9.—Real Private Fixed Investment In Equipment and Software by
Type
[Billions of chained (1996) dollars]
Line

1995

1996

1997

614.9

682.1

759.7

879.0

607.6

674.4

751.9

870.6

Information processing equipment and software ......
Computers and peripheral equipment1
Software2
Communication equipment
Instruments
Photocopy and related equipment
Office and accounting equipment

242.8
49.2
820
58.5
31.8
15.4
7.4

287.3
70.9
95.1
65.6
33.3
14.7
7.8

339.4
99.0
109.4
73.8
34.8
15.7
8.4

418.5
154.2
129.2
85.9
36.1
15.4
9.8

inciustrjdi
Fabricated metal products
Engines and turbines
Metalworking machinery .
Special industry machinery, n.e.c
General industrial, including materials handling, equipment ...
Electrical transmission, distribution, and industrial apparatus ,

131.3
12.2
3.6
31.3
33.7
30.5
20.0

136.4
13.4
4.3
31.7
34.6
31.6
20.9

141.3
13.1
3.5
34.9
34.9
33.1
21.9

148.1
13.9
4.2
36.0
350
36.1
23.0

Transportation equipment....
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment ,

128.2
69.5
38.4
13.1
1.8
5.4

138.9
77.9
41.3
12.2
2.2
5.4

149.6
87.4
40.2
14.2
2.2
5.7

175.3
98.5
39.0
27.5
2.9
7.6

Other equipment
Furniture and fixtures ,
Tractors
Agricultural machinery, except tractors ..
Construction machinery, except tractors .
Mining and oilfield machinery .
Service industry machinery
Electrical equipment, n.e.c
Other

110.7
26.7
10.7
11.0
15.4
2.7
13.7
9.8
20.7

116.4
27.6
10.6
11.4
17.3
2.8
14.2
10.6
21.9

126.7
30.7
11.4
12.1
19.2
3.0
14.2
11.8
24.3

137.9
33.0
12.0
12.6
21.6
4.5
15.3
13.1
25.8

4.5

4.6

4.4

5.7

7.4

7.7

7.9

8.4

-2.5

-.3

-2.7

-15.9

Private fixed Investment In equipment and software .
Nonresidentlal equi

mt and software ,

Less: Sale of equipment scrap, excluding autos ....
Residential equipment

627.8
6.5
.8
37.8
.4
5.1

682.1
7.0
.8
38.4
.4
4.7

663.7

717.7

1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
n.e.c. Not elsewhere classified.




December 1999

739.9
7.4
.9
38.9
.4

4.6
775.7

8.3
.9
40.7
.7
5.0

864.2

Residual

34

1998

1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
NOTES.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.8.
n.e.c. Not elsewhere classified.

84 • December 1999

SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Private inventories by Industry Group
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1997

1996

1

H

III

IV

1998

1

II

III

IV

1

II

1999

III

IV

1

II

III

1

33.0

30.0

68.3

71.2

6.8

29.8

50.0

33.5

52.9

70.2

98.9

40.8

73.7

71.4

51.0

17.6

36.9

7.9

Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Motor vehicle deaiers 3
Other3
Nondurable goods

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

-9.2
42.2
65.4
-23.2
14.2
11.0
3.2
14.1
13.2
.9
11.2
11.0
.3
2.9
2.3
.6
12.0
9.3
5.7
3.6
2.7

22.1
21.5
.7
10.1
9.5
.6
3.1
4.2
-1.0
2.4
3.5
-1.1
.7
.7
.1
7.4
5.0
2.6
2.4
2.4

2.8
65.6
54.4
11.1
22.0
14.1
7.9
24.0
15.0
9.1
21.5
13.4
8.1
2.6
1.6
1.0
10.7
5.9
4.2
1.7
4.9

.3
70.9
45.7
25.2
24.1
16.4
7.8
22.4
16.0
6.4
19.6
14.0
5.7
2.8
2.1
.7
11.1
5.3
1.3
4.0
5.8

1.0
5.8
7.9
-2.1
17.2
15.7
1.5
3.5
4.9
-1.4
.1
2.5
-2.4
3.4
2.4
1.0
-14.6
-12.1
-15.8
3.7
-2.5

11.1
18.6
20.0
-1.4
-3.4
2.2
-5.7
5.1
2.8
2.3
6.1
3.2
3.0
-1.1
-.4
-.7
15.6
15.3
12.7
2.6
.4

16.0
34.0
28.4
5.6
14.0
12.8
1.2
-6.8
8.5
-14.3
-6.7
7.2
-13.8
.8
1.3
-.5
23.1
16.7
15.1
1.6
6.4

3.3
30.2
29.5
.6
12.6
7.4
5.2
9.9
.6
9.2
10.2
1.3
8.8
-.3
-.7
.4
5.5
.3
-1.5
1.8
5.2

-3.4
56.3
37.8
18.5
229
15.5
7.3
23.9
14.3
9.6
21.4
13.1
8.4
2.5
1.2
1.3
-2.7
-2.3
-2.2
-.2
-.4

92.6
7.6
85.0
69.9
15.1
29.2
20.9
8.3
34.8
29.8
5.0
29.2
25.7
3.5
5.6
4.2
1.5
10.9
2.5
-1.5
4.0
8.3

57.6

2

5.6
52.0
46.5
5.5
17.1
10.3
6.8
15.0
4.1
11.0
14.4
4.1
10.3

13.8
8.3
6.6
1.7
5.5

1.2
69.0
63.6
5.4
18.7
9.5
9.2
22.4
11.7
10.7
21.0
10.9
10.1
1.4
.9
.6
21.0
14.9
13.7
1.2
6.1

-2.0
100.9
628
38.2
36.9
24.7
12.2
27.8
24.6
3.2
25.1
21.9
3.2
2.7
2.7
0
20.8
5.8
.6
5.2
15.0

-10.8
51.6
36.6
15.0
27.0
21.5
5.5
13.3
6.2
7.1
10.4
4.3
6.1
2.9
1.9
1.0
-3.1
-8.3
-7.3
-1.0
5.2

-1.1
74.7
49.7
25.0
21.2
12.8
8.4
32.3
18.2
14.1
29.1
16.1
13.0
3.2
2.1
1.1
10.9
7.7
4.2
3.4
3.3

15.2
56.2
33.7
22.5
11.5
6.5
5.1
16.3
15.2
1.1
13.9
13.6
.2
2.4
1.6
.9
15.6
16.0
7.6
8.4
-.4

10.1
40.9
22.8
18.2
0
1.7
-1.7
8.8
11.3
-2.6
7.5
9.8
-2.3
1.3
1.5
-.2
17.5
9.4
3.1
6.3
8.1

4.8
12.8
32.1
-19.3
-7.8
-6.2
-1.6
10.7
10.5
.2
8.3
7.0
1.3
2.4
3.5
-1.1
5.9
4.0
0
4.0
1.9

.8
36.1
69.5
-33.4
.4
.5
-.2
21.3
11.0
10.2
19.2
10.2
9.0
2.1
.9
1.2
14.4
10.9
8.4
2.5
3.5

Other
Durable goods
Nondurable goods

23
24
25

2.0
0
1.9

1.5
.4
1.1

8.8
.7
8.2

13.2
1.3
12.0

-.3
1.7
-2.0

1.3
-1.5
2.8

2.7
.8
1.9

2.2
.4
1.8

12.3
.5
11.7

10.2
.9
9.3

6.0
.9
5.1

6.9
.4
6.5

15.4
1.3
14.1

14.4
1.6
12.8

10.3
1.1
9.2

12.8
1.0
11.8

14.7
1.7
13.0

4.0
-2.0
6.0

0
-1.0
1.0

Changs in private Inventories
Nonfarm
Change in book value a
Inventory valuation adjustment2
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods

1. This series is derived from the Census Bureau series "current cost inventories."
2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes,
The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories

0

derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from Internal Revenue Service statistics.
3. Inventories of auto and home supply stores are included in "other durable goods."

Table 5.11.—Real Change in Private Inventories by Industry Group
Seasonally adjusted at annual rates
Line

1997

1995

1997

1998

I
Changs In private Inventories .
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Motor vehicle dealers 1
Other 1
Nondurable goods
Other
Durable goods
Nondurable goods
Residual

30.4

30.0

-12.3
42.6
14.1
10.7
3.3
14.3
13.2
.9

7.9

3.0

22.1

66.2

10.1

9.5
.6

22.1
14.2
8.0

3.1
4.2
-1.0

24.4
15.0
9.3

2.4
3.5
-1.1
.7
.7
.1

21.8
13.5
8.4
2.5

7.4
5.0
2.6
2.4
2.4
1.5
.4
1.1
-.1

10.8
5.9
4.3
1.7
4.8

11.5
11.0
.3
2.9
2.2
.6
12.2
9.4
5.8
3.6
2.8
2.0
0
2.0
.4

1.6
1.0

8.9
.7
8.3
-.4

II

1999

IV

I

III

IV

I

II

III

51.2

32.9

51.5

93.1

59.2

72.7

107.3

43.1

76.1

70.7

50.1

14.0

16.7

3.3

34.1

29.8
12.6
7.4
5.2

5.1
2.8
2.3

-5.7
8.5
-14.2

9.6
.6
9.1

13.1
-8.3
-6.6
-1.7
11.1
11.0
.1

6.1
3.2
3.0
-1.1
-.4
-.7

-6.5
7.2

10.0

-13.7
.8
1.3
-.5

8.7
-.3
-.7
.4

-14.6

15.7

23.1

-12.1
-15.8
3.7
-2.5
-.1
1.8

15.3
12.7
2.6
.4

16.7

5.5
.3
-1.5
1.8
5.2
2.1
.4
1.7
-.3

12.8
58.2
12.0
6.8
5.3
17.2
15.5
1.4
14.6
13.9
.5
2.6
1.6
1.0
15.5
16.0
7.6
8.4
-.3
13.6
1.0
12.6
-.5

43.1

14.0
12.8
1.3

-10.4
53.2
27.9
22.2
5.7
14.0
6.2
7.8
10.9
4.3
6.7
3.1
1.9
1.1
-3.1
-8.4
-7.5
-1.0
5.2
15.0
1.6
13.4
-.1

.9

18.6

3.3
103.8
38.1
25.3
12.8
28.8
24.8
3.7
25.8
22.1
3.6
2.9
2.8
.1

7.4

-3.4
2.2
-5.6

6.5
52.6
17.3
10.4
6.9
15.3
4.1
11.4
14.6
4.1
10.7

-2.1

6.1

7.4
85.7
29.4
21.0
8.4

3.1

17.2
15.6
1.5
3.6
4.9
-1.3
.1
2.5
-2.3
3.4
2.4
1.0

-6.1
56.7
22.9
15.6
7.3
24.2
14.3
9.9
21.8
13.1
8.7
2.4
1.2
1.2
-2.7
-2.3
-2.2
-.2
-.4
12.3
.5

-.3

73.2
25.1
16.9
8.1
23.4
16.3
7.1
20.4
14.2
6.2
3.0
2.1
.9

5.6

-1.9
-.1

1.3
-1.5
2.8
-.1

1. Inventories of auto and home supply stores are included in "other durable goods."
NoiE.-Chained (1996) dollar series for real change in private inventories are calculated as the period-to-period
change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at an-




I

30.3
11.7

74.3
.9

11.1
5.3
1.3
4.0
5.8
13.9
1.2
12.6
.1

IV

15.1
1.6

6.4
2.7
.8
1.9
.3

1.3

35.3
29.9
5.1
29.6
25.7
3.7
5.7
4.2
1.5
10.8
2.5
-1.5
4.0
8.3

11.8

10.4
.9
9.5

0

0

0
.6
13.8
8.4
6.7
1.7
5.4
6.1
.9
5.2
.1

69.7
19.0

9.7
9.3
22.7
11.8
10.9
21.3
10.9
10.4
1.4
.9

.6
21.0
15.0
14.0
1.2
6.0
6.9
.4
6.5
-.3

21.0
5.8
.6
5.1
15.1
16.1
1.3
14.8
.4

77.5
22.2
13.4
8.8
33.8
18.6
15.3
30.4
16.5
14.0
3.4
2.1

1.3
11.0
7.7
4.3
3.4
3.3
10.8

1.1
9.7
.3

0
1.8
-1.8
9.5
11.8
-2.4
8.2
10.2
-2.1
1.4
1.6
-.3
17.5
9.5
3.1
6.3
8.0
15.7
1.7
14.0
.2

8.6
7.3
1.3
2.5
3.7
-1.2
5.9
4.0
0
4.0
1.9
4.1
-2.0
6.3
.1

33.9
•4.7
37.1
.5
.6
-.1
22.1
11.5
10.6
19.9
10.6
9.3
2.2
.9
1.3
14.3
11.0
8.5
2.5
3.5
0
-1.0
1.1

nual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first
line and the sum of the most detailed lines.

December 1999

SURVEY OF CURRENT BUSINESS

•

85

Table 5.12.—Private Inventories and Domestic Final Sales of Business by Industry Group
[Billions of dollars]
Seasonally adjusted quarterly totals

I
Private Inventories1

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

Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade....
Durable goods
Motor vehicle dealers 2
Other 2 ..
Nondurable goods
Other
Durable goods
Nondurable goods
3

Final sales of domestic business
Final sales of goods and structures of domestic business3

II

III

IV

1

II

1999

1998

1997

1996

Line

I

IV

III

IV

III

II

I

II

III

1,223.0 1,235.6 1,247.5 1,251.5 1,262.4 1,279.2 1,294.4 1,307.5 1,321.8 1,322.4 1,326.6 1,334.5 1,345.7 1,360.1 1,385.1
95.8

107.7

104.1

103.4

106.5

107.9

109.0

107.2

108.0

100.6

92.3

92.4

99.3

98.9

96.8

1,127.2 1,131.5 1,139.8 1,148.1 1,155.9 1.171.3 1,185.3 1,200.3 1,213.7 1,221.8 1,234.3 1,242.1 1,246.4 1,261.3 1,266.4
707.8
694.0
697.8
692.8
689.1
682.1
669.5
680.0
661.9
646.0
638.6
638.3
629.3
625.3
658.0
580.6
545.2
563.5
553.5
548.1
539.7
530.8
523.4
502.2
533.7
513.3
509.6
501.5
502.0
509.9
457.9
450.5
451.1
448.2
453.9
445.4
452.0
448.7
441.4
425.9
437.8
432.8
423.3
424.9
428.9
282.4
279.4
279.2
280.3
282.8
282.2
275.3
278.6
273.5
271.8
267.4
263.5
262.4
260.5
260.6
175.5
170.2
171,6
171.0
170.1
169.0
169.8
165.4
170.0
167.9
166.0
165.3
163.5
162.8
164.3
305.4
190.7
114.8

306.2
191.0
115.2

305.3
193.4
111.9

305.2
192.8
112.4

310.0
196.1
113.9

317.3
203.9
113.4

322.0
204.5
117.5

326.7
206.7
120.0

330.6
212.0
118.7

332.0
212.6
119.4

338.1
216.0
122.1

341.8
218.9
122.9

340.9
217.9
123.1

345.1
220.9
124.3

354.9
224.2
130.7

263.3
165.5
97.8
42.1
25.1
17.0

264.2
165.9
98.3
42.0
25.1
16.9

262.8
168.0
94.7
42.5
25.4
17.1

262.4
167.6
94.8
42.7
25.2
17.6

267.2
170.7
96.5
42.8
25.4
17.4

273.4
177.4
96.0
43.8
26.5
17.3

277.9
178.1
99.8
44.2
26.4
17.7

282.5
180.1
102.3
44.2
26.5
17.7

286.6
184.9
101.8
44.0
27.1
16.9

287.5
185.1
102.3
44.5
27.5
17.1

293.0
188.2
104.9
45.0
27.9
17.2

296.6
190.8
105.8
45.3
28.1
17.1

295.4
189.9
105.4
45.5
27.9
17.6

298.2
192.0
106.2
46.9
28.8
18.1

306.3
195.0
111.3
48.6
29.1
19.5

309.2
167.8
84.9
82.9
141,4

313.8
171.9
88.1
83.8
141.9

320.3
176.3
91.9
84.4
144.0

322.0
176.1
91.2
84.8
145.9

321.7
176.0
90.5
85.5
145.7

323.0
175.7
89.2
86.5
147.3

326.4
177.1
90.4
86.6
149.3

331.2
180.6
93.6
87.0
150.7

336.4
182.2
93.8
88.4
154.2

335.9
179.6
91.8
87.9
156.2

339.4
182.3
93.6
88.6
157.1

344.0
186.6
95.8
90.9
157.4

347.3
187.1
95.3
91.8
160.2

351.1
189.2
95.8
93.4
161.9

358.2
193.3
99.5
93.8
164.9

88.3

92.1

91.5

93.3

98.0

101.9

103.0

105.7

109.9

113,9

117.4

87.8

88.1

95.5

97.0

6.2

5.9

6.1

6.2

6.4

6.6

6.9

6.9

7.2

7.6

7.9

8.1

8.6

8.3

7.9

81.5

82.3

82.2

85.9

85.1

86.6

88.7

90.1

90.8

94.2

95.1

97.6

101.3

105.7

109.5

27

531.8
292.8

541.7
298.8

545.5
300.4

556.3
305.5

565.5
311.2

572.4
313.3

583.1
319.9

588.5
321.5

598.0
329.0

607.7
333.1

613.2
335.3

624.7
344.0

634.8
350.1

642.6
353.6

651.9
358.0

28
29
30

2.30
2.12
3.85

2.28
2.09
3.79

2.29
2.09
3.79

2.25
2.06
3.76

2.23
2.04
3.71

2.23
2.05
3.74

2.22
2.03
3.71

2.22
2.04
3.73

2.21
2.03
3.69

2.18
2.01
3.67

2.16
2.01
3.68

2.14
1.99
3.61

2.12
1.96
3.56

2.12
1.96
3.57

2.12
1.98
3.60

26

Ratio of private Inventories to final sales of domestic business
Private inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and structures

1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in the private inventories component of GDP.
The former is the difference between two inventory stocks, each valued at its respective end-of-quarter prices. The
latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition,
changes calculated from this table are at quarterly rates, whereas, the change in private inventories is stated at

annual rates.
2. Inventories of auto and home supply stores are included in "other durable goods."
3. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and of general government, and it includes a small amount of final
sales by farm and by government enterprises.

Table 5.13.—Real Private Inventories and Real Domestic Final Sales of Business by Industry Group
[Billions of chained (1996) dollars]
Seasonally adjusted quarterly totals
Line

1996

I

Private Inventoriesl
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nonduiable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade....
Durable goods
Motor vehicle dealers 2
Other 2 ..,
Nondurable goods
Other
Durable goods
Nondurable goods
Residual
Final sales of domestic business 3
Final sales of goods and structures of domestic business3

II

1997

III

IV

1

II

1998

IV

III

1

II

1999

IV

III

I

II

III

1

1,223.3 1,230.8 1,243.6 1,251.9 1,264.7 1,288.0 1,302.8 1,321.0 1,347.8 1,358.6 1,377.6 1,395.3 1,407.8 1,411.3 1,419.8

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

98.7
95.8
102.9
103.7
106.7
104.4
109.4
109.7
102.5
104.3
104.9
107.6
108.7
105.9
107.5
1,127.5 1,132.1 1,140.7 1,148.1 1,162.3 1,183.7 1,196.8 1,214.3 1,240.2 1,253.5 1,272.9 1,287.4 1,298.2 1,301.4 1,310.7
624.2
638.5
628.9
640.7
647.7
667.3
661.3
676.5
706.3
716.2
724.1
729.7
690.8
696.1
722.5
503.2
502.1
503.3
507.4
522.4
537.7
557.4
529.5
549.4
571.2
575.7
514.5
566.6
577.3
581.1
424.2
259.5
164.6

423.3
260.1
163.2

426.8
263.3
163.5

430.0
265.1
164.8

435.7
269.1
166.7

443.1
274.3
168.7

447.4
276.9
170.5

452.1
279.3
172.8

461.6
285.6
176.0

468.6
291.2
177.4

474.2
294.6
179.6

477.2
296.2
180.9

477.2
296.7
180.5

475.1
295.1
180.0

475.2
295.2
180.0

305.4
190.3
115.1

306.7
191.0
115.6

305.2
193.1
112.1

307.7
193.3
114.4

313.7
196.9
116.8

322.5
204.3
118.1

326.4
205.4
121.0

332.0
208.3
123.7

339.2
214.5
124.6

342.7
216.1
126.6

351.2
220.7
130.4

355.4
224.6
130.8

357.8
227.6
130.2

360.6
230.3
130.2

366.1
233.2
132.8

263.0
165.1
97.8
42.4
25.2
17.3

264.5
165.9
98.6
42.2
25.1
17.1

262.9
167.7
95.1
42.4
25.4
17.0

265.4
168.1
97.3
42.3
25.2
17.1

270.8
171.3
99.5
42.9
25.5
17.4

278.2
177.8
100.4
44.3
26.6
17.7

281.9
178.8
103.1
44.5
26.6
17.9

287.2
181.5
105.7
44.8
26.8
18.0

293.7
187.1
106.6
45.6
27.5
18.1

296.4
188.1
108.2
46.3
28.0
18.4

304.0
192.2
111.8
47.2
28.5
18.7

307.6
195.7
111.9
47.8
28.9
18.9

309.7
198.3
111.3
48.1
29.3
18.8

311.8
200.1
111.7
48.8
30.2
18.6

316.8
202.8
114.0
49.3
30.4
18.9

309.9
168.1
84.9
83.2
141.9

313.8
171.9
88.1
83.8
142.0

319.6
176.1
91.9
84.2
143.6

321.0
176.1
91.5
84.6
144.9

320.3
175.5
90.9
84.6
144.8

323.0
176.2
90.6
85.6
146.8

326.5
178.3
92.2
86.0
148.2

331.7
182.0
95.7
86.3
149.7

337.0
183.5
95.9
87.6
153.5

336.2
181.4
94,0
87.4
154.8

339.0
183.3
95.1
88.2
155.6

342.9
187.3
97.0
90.3
155.5

347.2
189.7
97.8
91.9
157.5

348.7
190.7
97.8
92.9
158.0

352.3
193.4
99.9
93.5
158.9

87.9

88.3

88.9

89.5

95.1

96.7

98.4

102.4

106.2

108.9

112.3

116.2

117.2

117.2

92.5

6.2

5.9

6.1

6.2

6.3

6.5

6.7

6.8

7.1

7.5

7.8

8.1

8.5

8.0

7.7

81.7

82.4

82.9

83.3

86.2

88.6

89.9

91.6

95.3

98.6

101.0

104.2

107.7

109.3

109.5

.1

-.1

.3

607.4
341.4

615.0
346.7

620.7
349.3

628.4
353.5

2.30

2.29

212
3J7

211
3J4

2.27
2.10

.1

-.1

535.0
293.6

542.6
298.8

544.4
300.1

2.29

2.27

211

209

3.84

3.79

3.80

0

.1

-.1

.1

.1

.1

553.4
304.9

559.4
309.5

563.9
311.0

572.9
317.6

576.9
319.2

2.28

2.26

2.26

2.28

2.27

2.29

210

207
3J7

208

210

212

3^81

209
3J7

210

3.76

3^80

3^80

.1

.1

5850
326.7

5933
330.8

597.0
332.5

2.30

2.29
211
3.79

m

0

Ratio of private inventories to final sales of domestic business
Private inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and structures

29
30
31

1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are
at quarterly rates, whereas, the change in private inventories component of GDP is stated at annual rates.
2. Inventories of auto and home supply stores are included in "other durable goods."
3. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and of general government, and it includes a small amount of final
sales by farm and by government enterprises.




2.31
213

3J3

2.26

209
3J1

NoTE.-Chained (1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change
in inventories for 1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995
and 1996 end-of-year chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales
are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding
series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one
period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories.

86 • December 1999

SURVEY OF CURRENT BUSINESS

Table 5.14.—Gross Government Fixed Investment by Type

Table 5.15.—Real Gross Government Fixed Investment by Type

[Billions of dollars]

[Billions of chained (1996) dollars]
Line

Gross government fixed Investment1
Federal.
National defense
Nondefense
State and local
Structures2
Federal .
National defense

New
Buildings
Residential
Industrial
Military facilities3
Net purchases of used structures
Nondefense

New
Buildings
Residential
Industnal
Educational
Hospital
Other*
Highways and streets
Conservation and development
Other 5 ..
Net purchases of used structures
State and local..
New
Buildings ...
Residential
Industrial
Educational
Hospital
Other 4 ..
Highways and streets
Conservation and development
Sewer systems
Water systems
.
Other 5
Net purchases of used structures
Equipment and software
Federal
National defense
Aircraft
Missiles
Ships .
Vehicles ....
Electronics and software
Other equipment
Nondefense ...
State and local..
Addenda:
Government enterprise gross fixed investment
Federal
Structures .
Equipment and software
State and local
Structures .
Equipment and software

1995

1996

1997

1998

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

238.2
82.3
53.1
29.2
155.8
134.4
17.1

250.1
86.3
54.6
31.7
163.8
140.3
17.8

258.1
80.8
48.0
32.8
177.3
148.3
15.5

268.7
85.2
48.7
36.5
183.5
151.9
16.7

6.3
6.3
1.9
1.4
.6
4.4

5.7
5.7
1.9
1.4
.5
3.9

5.4
5.4
1.9
1.4
.6
3.5
0

.9
0
.8
2.9
.3

.7
0
.9
3.1
.4

.4
0
1.0
3.2
.3

.3
0
.8
3.5
.4

24
25

4.2
2.3

3.8
2.4

3.4
1.9

3.6
2.0

26
27
28

-.6

-.2

-.5

.8

117.3
114.2
52.4
4.1

122.5
119.2
54.3
3.4

132.8
129.0
58.1
3.1

135.2
131.0
60.5
3.5

25.8

" 27.1

"28.9

29.9

29
30

31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

0

6.7
6.7
2.0
1.4
.6
4.7
0

10.8
11.4

11.1
11.3

10.2

11.3
10.5

4.6

4.7

4.7

4.6

0

9.7

DaeiHantiol

3.1

3.2

3.4

3.1

19.5
37.3

20.5
39.5

22.7
44.0

23.9
44.4

2.2
8.2
5.0
9.1
3.1

2.4
8.6
5.7
8.6
3.3

2.5
8.5
6.3
9.5
3.8

2.3
8.3
6.3
9.2
4.3

103.8
65.2
46.9

109.8
68.5
47.9

109.8
65.3
42.3

116.8
68.5
43.3

9.0
4.7
8.0
1.1

9.2
4.1
6.8
1.2

5.8
2.9
6.1
1.4

5.6
3.3
6.4
1.5

10.5
13.6
18.4
38.6

11.6
15.2
20.5
41.3

12.2
13.9
23.0
44.5

12.7
13.8
25.2
48.3

52
53

44.6
6.1

45.4
5.8

48.1
6.3

49.3
7.0

54
55
56
57
58

2.8
3.3
385

2.2
3.6

2.2
4.1

2.4
4.6

32.1

39.6
32.7

41.8
34.1

42.3
34.0

6.4

6.9

7.7

8.3

1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures and software include compensation of government employees engaged in new own-account investment and related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.
4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and
passenger terminals.
5. Consists primarily of electric and gas facilities, transit systems, and airfields.




Gross government fixed Investment1
Federal
National defense
Nondefense .
State and local
Structures2
Federal
National defense
New
Buildings
Residential
Industrial
Military facilities3
Net purchases of used structures
Nondefense.
New
Buildings
nesiaenuai
Industnal
Educational
Hospital
Other 4
Highways and streets
Conservation and development
Other 5
Net purchases of used structures
State and local
New
Buildings .
Residential
Industrial
Educational
Hospital
Other 4
Highways and streets
Conservation and development
Sewer systems
Water systems
Other 5 ....
Net purchases of used structures
Equipment and software 2
Federal
National defense
Aircraft ....
Missiles ...
Ships
Vehicles ..
Electronics and software
Other equipment
Nondefense .
State and local
Residual
Government enterprise gross fixed investment
Federal
Structures
Equipment and software
State and local
Structures
Equipment and software

Line

1995

1996

1997

1998

1

240.8
82.2
53.2
29.0
158.6
138.5
17.6

250.1
86.3
54.6
31.7
163.8
140.3
17.8

256.3
81.9
48.7
33.1
174.3
143.4
15.0

266.4
87.6
50.3
37.2
178.8
143.1
15.7

6.5
6.5
2.0
1.4
.6
4.5
0

6.7
6.7
2.0
1.4
.6
4.7
0

5.5
5.5
1.8
1.4
.4
3.7

5.1
5.1
1.8
1.3
.5
3.3
0

11.1
11.7

11.1
11.3

4.7

4.7

9.4
9.9
4.5

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

0

10.6

9.9
4.3

IP

10
19

"i

'.9

J

[4

20
21
22
23

0
.8
3.0
.3

0
3.1
.4

0
1.0
3.1
.3

0
.7
3.3
.3

24
25

4.3
2.4

3.8
2.4

3.3
1.8

3.4
1.9

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

-.6

-.2

-.4

.7

120.9
117.7
53.7

122.5
119.2
54.3

128.4
124.8
56.3

127.5
123.4
56.6

53
54

55
56
57

58
59

.9

4.2

3.4

3.0

3.3

26.3

27.1

28.0

28.0

3.2

3.3

2.9

38.9

20.5
39.5

21.9
42.4

22.3
42.1

2.3
8.3
5.1
9.5
3.2

2.4
8.6
5.7
8.6
3.3

2.4
8.3
6.2
9.2
3.7

2.2
7.9
6.1
8.6
4.0

102.4
64.6
46.8

109.8
68.5
47.9

112.9
66.9
43.2

123.8
72.0
45.3

9.3
4.6
8.0
1.1

9.2
4.1
6.8
1.2

6.2
3.0
6.0
1.4

6.2
3.5
6.4
1.5

10.1
13.8
17.9
37.8

11.6
15.2
20.5
41.3

12.7
13.9
23.7
45.9

13.8
13.8
26.7
51.8

3.2
200

-.4

.1

.1

-.4

45.3
6.1

45.4
5.8

47.0
6.4

47.5
7.2

2.9
3.3

2.2
3.6

2.1
4.3

2.3
5.0

39.1
33.0

39.6
32.7

40.6
33.1

40.4
32.2

6.2

6.9

7.5

8.2

NOTES.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda.
Chain-type quantity indexes for the series in this table are shown in table 7.13.
See footnotes to table 5.14.

SURVEY OF CURRENT BUSINESS

December 1999

•

8j

6. Income, Employment, and Product by Industry..
Table 6.1 C—National Income Without Capital Consumption Adjustment by Industry Group
[Billions of dollars]
Seasonally adjusted at annual rates
Line

National Income without capital consumption
Domestic Industries
Private Industries
Agriculture, forestry, and fishing ....
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services .
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
.
..
Government
Rest of the world

1995

1996

1998

1997

5,884.4 6,206.4 6,613.4 7,004.4 6,068.0 6,174.7

1999

6,458.0 6,561.4 6,671.7 6,762.6 6,857.7 6,945.7 7,054.5 7,159.6 7,297.4 7,383.3 7,488.8

5,864.0 6,188.3 6,609.2 7,014.3 6,041.2 6,157.0 6,237.8 6,317.1 6,452.8 6,551.9 6,669.7 6,762.4 6,854.6 6,945.7 7,080.1 7,176.7 7,311.9 7,397.6 7,506.0
50399
86.9
45.7
266.7

5,338.7 5,731.7 6,104.4 5,198.8 5,310.2 5,386.1 5,459.6 5 5 8 4 8
101.9
50.7
290.3

101.9
58.6
314.2

102.5
54.7
342.0

97.5
49.3
279.7

103.8
50.0
287.3

105.8
520
294.6

100.3
51.7
299.8

102.7
56.5
305.2

5,677.9 5,788.4 5,875.8 5 9 5 8 3
102.0
59.0
311.4

102.3
59.3
316.8

100.6
59.4
323.4

92.8
58.5
329.5

6,040.4 6,165.5 6,253.4 6,373.9 6,453.1 6,550.7
95.2
54.9
337.9

100.4
53.5
345.4

121.7
51.7
355.2

113.8
49.9
364.1

116.8
49.2
371.0

1,058.5 1,073.9 1,124.3 1,155.9 1,053.9 1,072.9 1,079.2 1,089.4 1,099.3 1,117.5 1,136.3 1,144.0 1,147.1 1,153.4 1,165.4 1,157.7 1,171.4 1,178.8
614.0
615.5
618.4
666.6
671.2
676.4
682.3
694.1
703.2
699.0
706.5
606.8
654.0
689.0
600.0
622.1
647.1
631.0
459.9
457.4
469.7
472.8
470.7
472.4
472.3
451.6
470.3
466.9
454.0
460.8
470.4
471.1
471.3
454.5
467.3
468.3
440.7
183.9
129.4
127.3

461.6
194.7
136.1
130.8

497.5
208.4
157.1
132.0

526.2
222.3
166.9
137.0

451.6
187.8
132.1
131.7

462.5
194.9
135.3
132.3

463.6
199.9
136.7
127.0

468.6
196.2
140.4
132.1

480.3
202.0
146.8
131.6

490.1
205.0
153.1
132.0

505.5
211.3
163.4
130.9

514.0
215.5
165.1
133.4

520.0
217.5
167.2
135.2

517.5
219.8
163.6
134.1

532.7
224.5
169.0
139.2

534.6
227.5
167.6
139.4

545.1
228.8
174.7
141.7

543.9
229.0
176.0
138.9

354.7
328.2
345.7
370.4
385.4
400.2
409.8
416.7
414.2
382.2
410.2
346.9
355.8
375.1
388.5
423.5
429.5
379.9
509.8
481.8
545.7
497.7
506.7
513.6
520.9
549.8
557.1
569.9
576.7
584.9
591.5
580.8
537.1
538.9
609.8
618.6
1,013.5 1,088.0 1,186.4 1,274.3 1,055.9 1,085.3 1,101.3 1,109.7 1,151.4 1,177.1 1,199.1 1,218.0 1,237.1 1,260.9 1,288.1 1,311.0 1,348.3 1,361.5
1,407.8
1,570.7
1,520.9 1,657.8 1,367.5 1,394.8 1,420.2 1,448.7 1,477.2 1,502.0 1,533.8
1,318.1
1,603.2 1,634.1 1,678.3 1,715.8 1,748.0 1,783.8
886.6
877.5
846.9
938.0
868.0
824.2
842.4
851.7
857.5
874.0
896.3
905.3
914.6
923.3
909.9
881.3
944.5
18.1
4.3
17.7
-14.4
5.2
20.3
26.8
11.5
16.3
9.6
3.1
0
-25.6
-17.1
-9.9
2.0
-14.3

NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification.




1996

1997

955.3
-17.2

88 • December 1999

SURVEY OF CURRENT BUSINESS

Table 6.2C—Compensation of Employees by Industry

Table 6.3C—Wage and Salary Accruals by Industry

[Millions of dollars]

{Millions of dollars]

Line 1995
Compensation of employees
Domestic Industries
Private industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Nonmetallic minerals, except fuels
.....
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment ....
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries ....
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Local and interurban passenger transit
Trucking and warehousing l
Water transportation
,
Transportation by air 1
,
Pipelines, except natural gas
,
Transportation services
Communications
Telephone and telegraph ,
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, Insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service .
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations .
Social services
Membership organizations
Other services 2
Private households
Government
Federal
General government
Civilian
Military3
Government enterprises
State and local

General government

,

Education
Other
Government enterprises
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world 4 .,
Addenda:
Households and institutions
Nonfarm business

1996

4,202,477
4,206,985 4,400,135
3,382,805 3,550,510
39,815
36,998
16,576
15,676
23,239
21,322
33365
32,501
3,202
3,103
5,736
5,905
19,670
18,863
4,757
4,630
193,135 208,199
813,336 822,405
23,806 508,042
24,805
15,436
15,682
22,005
22,820
35,570
35,852
58,508
99,610 103,632
80,905
77,527
58,037
68,308
45,627
44,911
47,211
44,653
13,845
13,626
309,376 314,363
60,400
61,472
2,900
2,964
18,623
18,783
20,195
32,978
32,415
61,849
67,418
65,750
9,721
9,851
36,524
35,528
2,683
2,840
275,111 285,015
150,057 156,530
15,312
15,652
9,320
10,053
56,608
58,494
7,761
7,873
45,674
48,637
1,034
971
14,348
14,850
75,252
71,762
56,822
54,078
18,430
17,684
53,233
53,292
275,996
382,046 398,276
322,831 351,798
78,887
82,740
22,087
25,330
58,857
72,063
72,391
75,441
30,585
32,424
44,526
41,730
19,274
18,294
1,050,851 1,122,869
38,117
36,465
24,167
23,154
193,179 220,399
27,675
12,050
11,251
16,689
17,976
34,200
342,392 365,617
55,150
61,842
54,500
52,221
90,118
47,894
45,556
44,562
46,772
149,777 161,195
12,009

824,180
257,688
206,903
123,674
83,229
50,785
528,907
278,484
250,423
37,585
-4,508
1,761
330,327
3,125,172

849,625
263,231
211,001
124,935
86,066
52,230
586,394
548,416
290,650
257,766
37,978

1997

23,737

25,161

62,803
112,597

37,826
65,925
120,168

93,350
61,731
48,930
49,279
14,528
327,454
63,596
3,095
19,176
20,050
33,860
71,262
10,109
38,530
2,678
301,589
165,395
15,888
10,520
62 333
8,358
51,162

995
16,139
81,897
62,125
19,772

54,297
310,227
420,173
87,268
30,143
80,219
79,756
35,006
48,461
20,909
1,216,466
40,284
25,355
255,822
32,082
12,460
20,225
39,947
383,237
62,541
57,763
99,728
51,109
48,619
174,969
12,053
877,469
266,942
211,725
125,748
85,977
55,217
610,527
571,835
304,851
266,984

-4,550
1,756
6,306

-•,962
1,802
6,764

65,081

52,687
52,549
15,312
341,010
66,368
2,951
19,171
19,722
34,511
68,925

75,339
10,757
40,638
2,628
322,383
176,377
15,851
11,211
8,797
55,213
997
17,610
90,050
67,911
22,139
55,956
335,441
446,621
425,875
93,358
38,764
92,271
86,740
36,994
54,353
23,395
1,329,752
43,504
26,886
300,529
34,339
13,337
21,723
43,554
399,740
67,700
62,609
106,667
55,606
51,061
195,159
14,005
909,876
270,470
214,394
128,743
85,651
56,076
639,406
321,361
278,028
40,017
-5,256
1,856
7,112

348,558
366,180
385,575
3,275,584 3,513,490 3,798,508

1. Reflects the r e c t i f i c a t i o n of air couriers from trucking and warehousing to transportation by air.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed
temporarily in the United States.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




Line

1998

4,675,738 5,011,190
4,680,700 5,016,446
4,106,570
42,742
46,353
17,470
18,580
25,272
27,773
35,490
3,064
3,247
5,689
5,573
22,295
21,519
5,035
5,351
227,184
248,958
914,904
867,598
540,144
573,894
26,172
27,697
16,664
18,138

Wage and salary accruals
,
Domestic Industries
Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products .
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing l
Water transportation
Transportation by air *
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers

Insurance carriers
Insurance agents, brokers, and service .

Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Social services
Membership organizations
Other services 2
Private households
Government
Federal
General government
Civilian
Military3
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world 4

,

,
,
,

4,823
15,639
3,809
157,632
650,827

397,724
19,385
12,574
17,640
27,927
46,789
82,169
62,547
44,838

36,090
36,929
10,836

253,103
49,489
2208
15,686
17,277

27,029
50,081
52,432
7,773

28,762
2,366
221,484
119,175
11,272
7,723
44,830
6.322
36,183
868
11,977
58,628
43,806
14,822
43,681
234,445
328,984
272,961

172,199

675,087
416,305
20,448
12,956
18,556
28,662
48,438
86,419
66,305

46,773
37,099
39,455
11,194
258,782
50,558

2,199

2,241
231,564
125,584
11,543
8,366
47,074

6,463
38,839
816
12,483
62,060
46,612
15,448

345,115
300,446

18,323

21,267

64,026
63,367
28,034
37,978
16,269
960,212
32,321
21,244

165,205

190,630

23,885

26,211
10,443
15,599
31,670
303,697
47,851
46,493
82,818
40,468
42,350
139,550
11,685
641,004
175,561
140,104
85,294
54,810
35,457
465,443
434,766

29,077
53,680
43,786
78,067
37,970
40,097
128,150
11,563
622,702
174,590
140,132
84,556
55,576
34,458
448,112
417,871
218,102

206,280
30,241
-4,508
1,761
6,269

51,332

43.920
246,699

60,168
26,360
35,416
15,208
897,776
30,514
20,182

14,409

2,378
16,142
16,751
28,427
54,831
57,851
8,105
31,672
2,250
246,898
133,829
11,753
8,857
50,678
6,912
41,143
839
13,647

15,612
16,778
27,566
51,835
54,422
7,754
29,817

69,505

51,907

4,714
18,106
4,210
189,379
715,009
443,950
21,739
13,848
19,425
29,633
51,361
94,488
71,668
48,427
40,133
41,388
11,840
271,059
52,652

4,728

16,495
3,954

65,579

9,644

.

1997

1995

3,441,060 3,630,142 3,884,713 4,189,515
445568 3,634,692
4,194,771
2,993,688 3,225,229 3,501,946
37,392
31,972
40,880
34,570
13,311
15,048
16,223
14,184
18,661
22,344
24,657
20,386
29,702
26,785
30,482
27,796
2,672
2,514
2,619
2,522

30,677
-4,550
1,756

6,306

16,706
45,031
265,850
365,733

4,628
18,838

4,494
209,700
757,707
474,133

23,098
15,156
20,695
30,544
54,184
101,317
77,424
51,389
43,459
44,327

12,540
283,574
55,218
2,246
16,196
16,524
29,087
58,353
61,478
8,669
33,590

2,213
265,657
143,696
11,546
9,496
54,671
7,325
44,826
847
14,985
75,333
56,507
18,826

390,983
366,882
79,042
33,035
25,501
82,344
71,282
73,464
67,301
30,389
32,181
41,581
46,846
17,750
19,970
1,047,860 1,151,057
34,524
37,426
22,442
23,848
223,151
263,626
28,128
30,180
10,877
11,672
17,739
19,069
34,649
37,893
319,388
335,207
54,931
59,561
49,702
53,998
87,999
94,268
43,668
47,698
44,331
46,570
152,598
170,667
11,732
13,642
692,825
177',337
179,803
140,083
142,060
85,116
86,980
54,967
55.080
37,254
37,743
487,109
513,022
455,669
480,277
240,772
255,052
214,897
225,225
31,440
32,745
-4,962
-5,256
1,802
1,856
6,764
7,112
327,406
73,602

1. Reflects the r e c t i f i c a t i o n of air couriers from trucking and warehousing to transportation by air.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed
temporarily in the United States.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

December 1999 • 89

SURVEY OF CURRENT BUSINESS
Table 6.4C—Full-Time and Part-Time Employees by Industry

Table 6.5C—Full-Time Equivalent Employees by Industry

[Thousands]

[Thousands]
Line

Full-time and part-time employees
DOlftQ&UC

i n C IU 3 T T 1 0 8

o*«t*aaaaaataia»«aaaaeaaa*«te*aaaaaaia*«**aaaaaaaoa*ii«iitaaaa*oaai

Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing

.........

1,142
587
52
106
321
108
5,385
18,594

• • • • • t i t a • • • • • • • • • • • • • • « M • » • • • • • ••••••••^•••••••M.ua

10,723
790

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
1003000

products

512

541
707
1,444
2,070
1,626

970
817
842
404
7,871
1,688
41

•••••••••••••••••«•••••••••••••••••«•••••••••••••••••••

••ot«iaii»

Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
\ rSHSPOrtflllOn

5,671

5,964

18,579
10,838
801
506
546
708
1,453
2,117
1,660
968
821
854
404
7,741

18,770
11,061
819
513
555
710
1,485
2,175
1,693
984

1,036
137
998

108
6,172
3,956
232
420

99
6,293
4,063
223
440

92
6,467

1,620

1,659

178
1,068
15
423

1,119
14

916
393
907

6,476
21,868

6,929
2,023
464
553
1,500
732
1,410
247
35,172
1,757
1,301

6,935
1,132
374
507
1,516
9,572
1,056
2,073
4,618
2,435
2,183
3,050
1,281

21,965
5,560
4,570
2,026
2,544
990
16,405
15,549
8,388
7,161

856
-626

1,697

1,348
936
412
882

4,176
220
457
1,708
183
1,141
14
453
1,421
1,003
418
870

6,560
22,256
7,053

6,746
22,636
7,256

2,017

2,031
575
630

177
431

514
581
1,505

746
1,442
248
36,517

1,794
1,318
7,485
1,205
389
539

1,590
9,813
1,064
2,113
4,759
2,515
2,244
3,202
1,246
21,935
5,387

4,397

599
770
679
1,594
1,042
137
1,016
87

6,671
4,336
216
473
1,777
185
1,200
14

471
1,477

1,045
432
858

6,923
23,006
7,539
2,046
1,576

1,481
245

1,535
250
39,545

1,833
1,326
8,148
1,248
389
569
1,664
10,038
1,084
2,179
4,949
2620

2,329
3,346
1,233
22,034
5,268
4,276

1,951

1,900

2,446
990

2,376

16,548
15,704
8522
7,182
844
-485

409
7,658
1,694
40

1,527
767
38,006

992
16,766
15,933
8,716
7,217
833

-632

787

1,876
1,340
8,793
1,275
395

592
1,729
10,197

1,113
2,262
5,154
2,750
2,404
3,539
1,280
22,215
5.196
4,200
1,878
2,322

996
17,019
16,181
8,896
7,285
838
-539

1. Reflects the r e c t i f i c a t i o n of air couriers from trucking and warehousing to transportation by air.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed
temporarily in the United States.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




Line

1998
133,378
133,917
111,702
2,193
880
1,313
593
49
93
340
111
6,297
18,935
11,277
840
535
566
714
1,517
2,217
1,709

872

139
981

1,309

67

108

2,137
876
1,261
601
54
97
340
110

1,033

979

• ••••••atatat*t«*to«aaiiaiiMMiaiaiittoaiMototuttttMt»ititt0ai

Railroad transportation....
Local and interurban passenger transit
Trucking and warehousing1Water transportation
Transportation by air 1
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Social services
Membership organizations ....
Other services 2
Private households
Government
Federal
General government
Civilian
Military3
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world 4

99
321

130,085
130,617

41
630
874
683
1,564

1,571
1,039
143

4t*«aaaan*

127,494
105,559
2,048
832
1,216
582
54

1997

404
7,709
1,694
41
618
829
685
1,579

664
945
693

Textile mil) products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Pfitroteufn s n o c o d l products

1996
127,009

..........

Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction •

1995
124,632
125,158
103,193

Full-time equivalent employees1
W I I I 9 9 U W 11 I U W S XTI TO • • • • M I I I I I I I I I I I I

oii«iiiiiiiiiiiiiiiiitiiiDiiini*«tiii«««iiii*i»i

Private industries
Aarlculture. forestry, and fishlna
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufactured
inaiiHinviuiiiig

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries ....
Fabricated metal products ,
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products ,
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
.
Trucking and warehousing3
Water transportation
Transportation by air 2
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph ..
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Social services
...0
Membership organizations
Other services3
Private households
Government
Federal
General government
Civilian
Military 4
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world 5

1
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

85
86
87

1995

1996

1997

1998

111,017
111,468
93,133
1,760
744
1,016

113,300
113,716
95,388
1,789
713
1,076

116,213
116,669
98,254
1,839
751
1,088

119,317
119,779
101,229
1,972
754
1,218

575
52
103
315
105

571
54
97
315
105

589
54
95
333
107

581
49
91
333
108

5,180
18,190
10,561

5,444
18,168
10,664

5,752
18,350
10,880

6,074
18,513
11,100

772
502
530
697

782
497
532
703

792
501
544
705

817
523
558
709

1,421 . 1,426
2,051
2,074
1,607
1,645

1,481
2,141
1,673

1,493
2,181
1,689

961
809
827
384

959
815
842
389

975
850
851
387

990
891
858
391

7,629
1,642

7,504
1,654

7,470
1,651

7,413
1,648

41
654
919
685

40
624
846
677

40
612
803
674

39
593
745
671

1,450
1,027

1,444
1,021

1,465
1,019

1,478
1,023

142
963
106

138
965
95

135
982
89

135
997
84

5,777
3,684

5,884
3,783

6,037
3,886

6,219
4,034

220
384

211
402

208
418

205
432

1,515

1,551

1,596

1,660

167
995
15
388

166

171

173

1,043

1,063

1,118

14
396

14
416

14
432

1,197

1,229

1,293

1,341

838
359
896

854
375
872

913
380
858

949
392
644

6,201
18,030
6552
1,935

6,280
18,383
6,637
1,920

6,458
18,759
6,796
1,924

6,627
19,065
7,027
1,929

447
532

492
557

548
601

630
646

1,451

1,449

1,463

1,503

697

707

724

739

1,252

1,274

1,302

1,343

238

238

234

237

30,868
32,232
1,522
1,561
1,140
1,163
6,372 '
6,876
1,061
1,136

33,674
1,603
1,161
7,526
1,182

35,151
1,649
1,176
8,181
1,214

343
394

358
421

360
447

368
467

1,228
8,496

1,294
8,778

1,360
8,989

1,394
9.104

937

945

963

997

1,799
3,933
2,118
1,815
2,808

1,844
4,065
2,199
1,866
2,963

1,898
4,239
2,302
1,937
3,112

1,983
4,428
2,429
1,999
3,308

835

828

834

882

18,335
4,530
3,722
1,984
1,738

18,328
4,378
3,575
1,913
1,662

18,415
4,272
3,477
1,870
1,607

18,550
4,218
3,416
1,845
1,571

808

803

795

802

13,805
12,922
6,769
6,153

13,950
13,079
6887
6,192

14,143
13,282
7 054
6,228

14,332
13,466
7184
6,282

883

871

861

866

-451

-416

-456

-462

1. Full-time equivalent employees equals the number of employees on full-time schedules plus the number of
employees on part-time schedules converted to a full-time basis. The number of full-time equivalent employees in
each industry is the product of the total number of employees and the ratio of average weekly hours per employee
for all employees to average weekly hours per employee on full-time schedules.
2. Reflects the r e c t i f i c a t i o n of air couriers from trucking and warehousing to transportation by air.
3. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
4. Includes Coast Guard.
5. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed
temporarily in the United States.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

$0

• December 1999

SURVEY OF CURRENT BUSINESS
Table 6.7C.—Self-Employed Persons by Industry Group

Table 6.6C—Wage and Salary Accruals Per Full-Time Equivalent
Employee by Industry

(Thousands]

[Dollars]
Line

Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, Insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service .
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Social services
Membership organizations .
Other services 2
Private households....
Government .

Federal
General government
Civilian
Military3
Government enterprises.
State and local
General government
Education
Other
Government enterprises .
Rest of the world ....

30,996

32,040

30,911
30,310
18,166
17,891
18,367

31,963
31,384
19,324
19,893
18,946
48,680
48,500
48,742

48,346
46,825
49,648
36,276
30,431
35,779
37,660
25,110
25,048
33,283
40,067
32,927
40,063
38,922
46,658
44,611
44,654
28,219
33,176
30,139
53,854
23,985
18,800
39,458
34,539
51,054
54,739
29,867
22,321
38,339
32,349
51,236
20,112
29,591
37,856
36,365
57,867
48,979
52,274
41,287
48,751
37,808
18,246
41,661
33,891
40,991
97,570
41,467
37,819
28,288

67

29,084
20,049
17,704
25,927
22,512
28,117
36,571
23,678
34,088
57,289
24,339
17,927
22,092
45,637
13,848
33,962
38,541
37,650
42,619
31,977
42,646
32,460
32,338
32,221
32,467
34,248

37,657
31,631
37,158
39,038
26,148
26,068
34,880
40,771
33,968
41,668
40,307
48,773
45,520
28,776
34,486
30,567
54,975
25,019
19,832
40,718
53,303
56,188
30,898
23,589
33,197
54,706
20,811
30,351
38,934
37,238
58,286
31,523
50,496
54,581
41,195
50,367
18,774
45,268
36,201
43,226
114,948
43,732
39,652
29,810
68.357
29,791
20,705
18,267
27,724
23,073
29,170
37,052
24,474
34,598
50,636
25,213
20,373
18,403
22,696
47,098
14,112
34,974
40,101
39,190
44,587
32,978
44,156
33,365
33,242
33,176
33,314
35,220

33,428

32,825
20,333
20,037
20,537
49,481
49,621
54,372
39,346
32,924
38,965
40,804
27,448
27,641
35,708
42,033
35,155
44,133
42,838
47,215
48,635
30,594
31,891
59,450
26,376
20,861
42,177
37,427
56,772
60,037
32,253
25,281
40,897
34,439
56505
21',189
31,753
40,421
38,705
59,929
32,805
52,620
56,223
52,484
41,166
19,496
48,176
38,255
46,535
118,606
46,002
41,974
31,936
75,855
31,118
21,537
19,330
29,651
23,797
30,214
25,477
35,531
57,042
26,187
20,759
18,970
22,886
49,035
14,067
36,082
41,511
40,288
45,517
34,205
46,860
34,442
34,307
34,133
34,505
36,516

1998
35,112
35,021
34,594
20,730

21,516
20,244
52,465
51,469
50,857
56,571
41,611
34,524
42715
28,272
28,979
37,088
43,080
36,292
46,454
45,840
51,908
48,776
51,663
32,072
38,254
33,506
57,590
27,312
22,180
43,349
39,481
60,096
64,215
33,691
26,345
42,717
35,621
56,322
21,981
32,934
42,341
40,095
60,500
56,177
59,544
48,026
55,246
43,549
20,508
52,210
40,976
52,437
127,467
48,878
43,547
34,882
84,262
32,746
22,696
20,279
32,224
24,860
31,717
40,833
27,183
36,820
59,740
27,230
21,269
19,637
23,297
51,592
15,467
37,349
42,628
41,587
47,144
35,060
47,061
35,796
35,666
35,503
35,852
37,812

1. Reflects the r e c t i f i c a t i o n of air couriers from trucking and warehousing to transportation by air.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
NoiE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




Self-employed persons 1
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Construction ...
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade ....
Finance, insurance, and real estate
Services

Une

1995

1996

1997

1998

1

10,514
1,620
1,224
396
1,470

10,524
1,549
1,114
435
15
1,506

10,544
1,482
1,063
419
14
1,502

10,232
1,366
951
415
20
1,529

436
255
181
395
354

408
247
161
434
307

424
254
170
436
277

431
255
176
429
292

CM CO

Wage and salary accruals per full-time equivalent
employee.
Domestic Industries
Private Industries
Agriculture, forestry, and fishing .
Farms
Agricultural services, forestry, and fishing ....
Mining
Metal mining
Coal mining
Oil and gas extraction .
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electnc equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products ...
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products .
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
.......•••
Local and interurban passenger transit .
Trucking and warehousing l
Water transportation
Transportation by air 1
Pipelines, except natural gas
Transportation services

1995 1996 1997

4

1ft
10

6
7
8
9
10
11
12
13
14

1,432

1,468

1,499

1,354

659

673

628

609

4,132

4,164

4,282

4,202

1. Consists of active proprietors or partners who devote a majority of their working hours to their unincorporated
businesses.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS

Table 6.9C—Hours Worked by Full-Time and Part-Time Employees by
Industry Group

Table 6.8C—Persons Engaged in Production by Industry
[Thousands]
Une
Persons engaged In production *
Domestic industries
Agriculture, forestry, and fishing
Farms
Agricultural services forestry and fishing
Mining
Metal mining
Coal mining .
Oil and gas extraction
Nonmetallic minerals except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products ......
Textile mill products ...
Apparel ana other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing2
Water transportation 2..
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television ..
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions ....
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Social services
Membership organizations
Other services3
Private households
Government
Federal
General government
Civilian 4
Military
Government enterprises .
State and local
General government
Education
Other
Government enterprises .
Rest of the world 5

.
. .

1
2
3
4
5
6
7
8
g
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87

1995
121,531
121,982
103,647
1*968
1,412
591
53
104
326
108
6,650
18,626
10,816
862
525
547
700
1,442
2,084
1,616
963
816
835
426
7,810
1,659
41
661
950
687
1,560
1,032
142
968
110
6,172
4,041
220
432
1,776
178
1,001
15
419
1,221
852
369
910
6,555
19,462
7,211
1,938
467
620
1,451
854
1,643
238
35,000
1,583
1,769
7,096
1,363
586
555
1,310
8,902
1,170
1,913
4,484
2,669
1,815
3,434
835
18,335
4,530
3,722
1,984
1,738
808
13,805
12,922
6,769
6,153
883
-451

1996

1997

[Millions of hours]

1998

123,824 126,757 129,549
124,240 127,213 130,011
105,912 108,798 111,461
3,321
3,338
3,338
1,827
1,814
1 705
1,507
1,633
1,511
586
603
601
54
56
49
97
95
93
326
345
349
109
107
110
6,950
7,254
7,603
18,576 18,774 18,944
11134
10911
11 355
862
856
896
521
544
530
561
563
569
706
706
710
1,447
1,514
1,481
2,096
2,173
2,216
1,655
1,682
1,699
977
997
961
820
855
902
864
849
860
439
445
444
7,665
7,589
7,640
1,664
1,676
1,672
40
40
39
632
620
600
880
830
775
678
677
672
1,562
1,578
1,535
1,025
1,023
1,028
138
135
136
971
1,004
988
102
89
85
6,318
6,473
6,648
4,284
4,181
4,433
211
208
205
486
445
481
1,853
1,879
1,954
174
179
185
1,050
1,068
1,124
14
14
14
434
455
465
1,324
1,365
1,259
873
938
963
386
386
402
850
878
865
6,587
6,735
6,919
19,851 20,258 20,419
7,424
7,310
7,636
1,923
1,925
1,933
507
564
645
732
646
679
1,449
1,463
1,503
871
875
880
1,676
1,684
1,706
234
237
238
36396 37,956 39353
1,620
1,665
1,703
1,798
1,789
1,804
7,651
8.261
9,000
1,481
1,511
1,522
582
569
591
583
610
644
1,400
1,485
1,496
9,167
9,402
9,503
1,145
1,200
1,231
1,962
2,003
2,092
4,618
4,816
4,991
2,752
2,879
2,992
1,866
1,937
1,999
3,574
3,798
3,894
828
834
882
18,328 18,415 18,550
4,272
4,378
4,218
3,477
3,416
3,575
1,913
1,870
1,845
1,662
1,607
1,571
802
803
795
13,950
14,143 14,332
13,282 13,466
13,079
7,054
6,887
7,184
6,192
6,282
6,228
871
861
866
-462
-416
-456

1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid family
workers are not included.
2. Reflects the rectification of air couriers from trucking and warehousing to transportation by air.
3. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
4. Includes Coast Guard.
5. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily m the United States.
NOTE.-Esiimates in this table are based on the 1987 Standard Industrial Classification (SIC).




December 1999

Une
Hours worked by full-time and part-time employees

1995

1996

1997

1998

209,918 212,892 219,331 225,050

Domestic industries

211,074

213,881 220,415 226,149

Private Industries

177,870

180,738 187,149 192,643

Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing ..
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services

3,630
1,820
1,810

3,655
1,741
1,914

1,298

1,301

1,336

10,587

11,063

11,737

36,524
21,261
15,263

36,436
21,462
14,974

7,622
2,430
1,787

12,030
7,856
2,462
1,712

37,041
22,062
14,979
12,288
8,005
2,575
1,708
12,415
33,842
12,713
61,955
33,266
29,864
3,402
-1,084

,

Wholesale trade

12,133

12,055

Retail trade ...

32,569

32,937

Finance, insurance, and real estate

11,917

12,066

Services

57,373

59,195

33,204
29,765
3,439

33,143
29,728
3,415

-1,156

-989

Government
General government
Government enterprises
Rest of the world 1

3,822
1,832
1,990

3,938
1,841
2,097
1,277
12,392
37,207
22,320
14,887
12,592
8,195
2,709
1,688
12,741
34,581
13,291
64,624
33,506
30,086
3,420
-1,099

1. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
Nom-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

92 • December 1999

SURVEY OF CURRENT BUSINESS

Table 6.1 OC—Employer Contributions for Social Insurance by Industry
Group

Table 6.11C—Other Labor Income by Industry Group and by Type
[Millions of dollars]

[Millions of dollars]

Line
Line

1995

1996

1997

1998

1995

1996

1997

496,964 490,018 500,876 515,679

Other labor Income

264,453

275,425

290,149

305,996

Domestic Industries

264,453

275,425

290,149

305,996

Domestic Industries .

496,964

490,018

515,679

Private industries

223,126

233,535

247,336

261,495

Private Industries .

336,813

323,287

343,129

Agriculture, forestry, and fishing

2,773

2,893

2,974

3,067

Agriculture, forestry, and fishing .

2,253

Mining

2,197

2,246

2,382

2,377

Mining

3,519

Construction

14,266

15,074

16,073

17,295

Construction

Manufacturing
Durable goods
Nondurable goods

53,618
33,108
20,510

54,524
33,751
20,773

57,018
35,494
21,524

58,629
36,712
21,917

Manufacturing
Durable goods
•••••••••••ti

108,891
73,128
35,763

Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services

19,200
11,626
4,353
3,221

19,971
12,051
4,638
3,282

20,978
12,590
5,048
3,340

22,162
13,298
5,468
3,396

Transportation and public utilities
Transportation
,
Communications
Electric, gas, and sanitary services

34,427
19,256
8,781
6,390

Employer contributions for social insurance....

„

By industry group

21,238

N0n0UrdDI6 QOOOS

MIM(I

Wholesale trade

18,422

19,144

20,321

21,533

Wholesale trade

,

23,129

Retail trade

27,501

28,304

29,287

30,505

Retail trade

,

25,561

Finance, insurance, and real estate

19,717

21,467

23,394

25,592

Finance, insurance, and real estate ....

30,153

69,912

74,909

80,335

Services

87,642

41,890

42,813

44,501

Services
Government

41,327

Rest of the world

160,151

Government ....

500,876
330,666
2,352
2,376
3,323
3,406
20,926 21,732
92,794
95,571
60,700
57,986
34,871
34,808
33,480
33,713
18,895
18,976
8,554
8,811
6,031
5,926
22,925
24,056
25,153
24,857
30,962
29,885
93,697
92,745
166,731 170,210

2,406
3,424
21,963
98,568
63,049
35,519
34,564
19,383
9,249
5,932
25,310
25,133
33,401

172,550

Rest of the world
By type

NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




Employer contributions to pension and welfare funds
Pension and profit-sharing
Private pension and profit-sharing
Publicly administered government employee retirement plans
Federal civilian l .1
I.
Federal military2
State and local
Private welfare funds
Group insurance
Group health insurance
Group life insurance
Workers' compensation
Supplemental unemployment
Other

3

494,582

85,439
100.560
35,690
23,154
41,716
308,583
256,621
9,482
39,879
2,601
2,382

487,485
177,985
71,306
106,679
36,622
26,876
43,181
309,500
267,156
257,159
9,997
39,798
2,546
2,533

498,205 512,718
185,814 186,967
76,544 78,435
109,270 108,532
38,544
26,670 26,293
44,056 43,100
312,391 325,751
270,933 284,675
260,654 274,298
10,279 10,377
2,490
2,671

38,758
2,318

2,961

Addenda:
Benefits paid by pension and welfare funds
Pension and profit-sharing
Private pension and profit-sharing
Publicly administered government employee retirement
plans.
Federal civilian l
Federal military2
State and local
Private welfare funds
Group insurance
Group health insurance
Group life insurance
Workers' compensation
Supplemental unemployment
Personal contribi

State and local ,

B to publicly administered

637,250 663,710 706,206 747,128
322,073
188,400
133,673

344,857 377,573
203,514 225,281
141,343 152,292

402,849
241,051
161,798

40,068
28,111
65,494
315,177

41,499 44,049
29,174
70,670 77,647
318,853 328,633
283,183 293,465
266,179 276,360
17,004 17,105
33,038 32,646
2,632
2,522

45,743
31,446
84,609
344,279
309,061
290,792

264,449
16,017
33,257
1,454

32,618
2,600

27,589

29,192

30,738

32,027

8,395
19,194

8,917
20,275

9,311
21,427

9,544
22,483

1. Consists of civil service, foreign service, Public Health Service officers, Tennessee Valley Authority, Thrift Savings Fund, and several small retirement programs.
2. Includes the Coast Guard.
3. Consists of judicial fees paid to jurors and to witnesses, compensation of prison inmates, and marriage fees
paid to justices of the peace.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS
Table 6.12C—Nonfarm Proprietors' Income by Industry Group

Nonfarm proprietors' income

1995
447,760

Agricultural services, forestry, and fishing ....

Mining

7,847

1996

1997

7,762

8,745

7,128

7,826

9,712

9,971

Construction

56,072

59,857

61,894

66,252

Manufacturing
Durable goods
Nondurable goods

27,555
11,903
15,652

26,433

13,297
17,062

11,664
14,769

27,619
12,700
14,919

Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services

37,477
15,895
10,498
11,084

41,588
16,338
10,965
14,285

43,630

43,928

17,419
10,862
15,349

9,403
15,676

13,987

14,704

13,390

14,980

Wholesale trade

....

Retail trade

41,105

42,936

45,159

46,417

Finance, insurance, and real estate

49,829

61,408

70,345

74,382

Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking .....
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Other l

213,317
2,707
14,863
50,520
9,931
4,942
5,192
7,442
50,526
36,268
30,926

225,894
2,188
16,102
56,654
9,536
4,852
4,025
6,864
50,146
39,255
36,272

239,943

2,248
15,151
45,604
10,053
5,333
5,033
7,418
50,061
33,605
29,450

2,636
16,792
10,861
5,540
4,211
7,687
51,169
41,946
38,407

1. Consists of educational services; social services; museums, botanical and zoological gardens; membership organizations; engineering and management services, except for commercial research and testing services and for
management and public relations; and miscellaneous services, not elsewhere classified.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




93

[Millions of dollars]

1998

Line

475,987 504,219 532,237
6,796

•

Table 6.13C—Noncorporate Capital Consumption Allowances by
Industry Group

[Millions of dollars]
Line

December 1999

1995

Noncorporate capital consumption allowances
a anci nsninu
I w i w
••«#
g
Farms
Agricultural services, forestry, and fishing

...•

1996
211,374

1997

1998

229,947 243,671

16,813
14,625
2,188

17,726
15,403
2,324

18,834
16,228
2,606

19,916
17,117
7,261

5,970

5,886

6,657

Construction

5,278

5,811

6,415

Manufacturing
Durable goods
Nondurable goods

6,260
3,214
3,046

8,610
5,315
3,296

9,871
6,107
3,764

10,527
6,524
4,003

14,601
4,799
6392
3,409

18,710
5,353
10,034
3,322

21,983
6,257
12,249
3,477

22,402
6,681
12,147
3,575

Transportation and public utilities .
Transportation
Communications
Electric, gas, and sanitary services <
Wholesale trade

2,016

1,760

2,289

2,445

Retail trade.

7,761

8,165

8,449

8,564

109,909
2,476
107,432
46,271
61,161

114,261
2,782
111,479
48,805
62,674

121,490
3,603
117,887
52,130
65,757

129,979
3,879
126,101
55,799
70,301

29,916
4,057
1,532
9,320
2,479
512
852
1,145
4,110
1,732
4,176

30,445
4,186
1,658
9,106
2,304
543
432
1,418
4,605
1,962
4,231

4,461
1,585
10,793
3,139
489
430
1,647
4,788
1.922
4,704

Finance, insurance, and real estate
Finance and insurance
Owner-occupied nonfarm housing
Other
Services
Hotels and other lodging places
Personal services
,
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services

35,678

1. Consists of educational services; social services; museums, botanical and zoological gardens; membership organizations; engineering and management services, except for commercial research and testing services and for
management and public relations; and services, not elsewhere classified.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS

December 1999

Table 6.14C»—Inventory Valuation Adjustment to Nonfarm Incomes by
Legal Form of Organization and Industry Group

Table 6.15C—Net Interest by Industry Group
[Millions of dollars]

[Millions of dollars]

Line
Line

1995

1996

-19,753

2,667

7,873

22,148

-18,284

3,071

7,353

20,913

-271

-418

166

734

-152

-25

60

,

-6,453
264
-6,717

5,370
5,790
-420

12,445
8,112
4,333

••<
,

-100
-210
106

-631
-549
144

3,189
2,260
929
912
568
214
130

Inventory valuation adjustment to nonfarm inc<
Corporate business

,

Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Transportation ••»•••••••
••
Communications
Electric, gas, and sanitary services

.........

Wholesale trade
Retail trade
Other
Noncorporsw business ««••«• •••»«••••••*
Mining
Construction

••••••#•••>

412,490

435,665

464,506

511,364

540,345

Agriculture, forestry, and fishing

3

9,981

10,162

10,756

11,027

Mining

4

1,806

1,913

2,148

2,331

Construction

5

363

535

659

900

Manufacturing
Durable goods
Nondurable goods

6
7
8

48,884 ' 42,576
12,002
6,913
35,664
36,882

44,570
8,823
35,748

44,598
6,989
37,609

1,387
956
330
101

Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services

9
10
11
12

42,286
6,609
13,389
22,288

43,745
6,419
14,678
22,649

47,299
6,991
16,802
23,506

50,562
7,527
17,871
25,164

Wholesale trade

13

9,036

8,559

11,739

12,261

Retail trade

14

14,925

15,946

16,598

17,831

Finance, insurance, and real estate
Finance
Real estate
Other ....

15
16
17
18

315,801 325,696 360,785
12,985
-12,409
-0,521
343,006 350,608 368,904
-14,795 -21,391 -21,104

382,427
21,458
385,446
-24,478

2,263

5,934

-1,908

758

495

-1,877

-203

90

-142

-1,469

-404

520

1,235

-31
-15
-167

-75

23

100

-5

13

41
40
1
121

359
258
101

260

301

Retail trade

-232

-296

Other

-455

-205

NOTE.-Estimates in this fable are based on the 1987 Standard Industrial Classification (SIC).




386,277

-3.338

46

1998

456,994

-226

17

1997

389,821

1,013

-184

1996

1

4

Wholesale trade

1995

2

Net Interest

-6,159

-30
156
169
-13

Manufacturing
Durable goods
Nondurable goods

1997

Domestic industries

Services ....
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world

19

13,913

15,373

16,810

18,410

20

-«7,174

-78,228

-98,874

-104,681

21
22

102,139
169,313

103,181
181,409

121,103
219,977

135,014
239,695

316
146

NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS

December 1999

•

95

Table 6.16C—Corporate Profits by Industry Group
[Billions of dollars]
Seasonally adjusted at annual rates
line

1995

1996

1997

1998

668.3

753.9

837.9

846.1

737.2

S76.3

653.0

729.8

746.0

638.6

134.0
442.3

143.9
509.1

167.0
562.8

171.0
575.0

146.9
491.6

1996

1997

1999
III

Corporate profits with inventory valuation
and capital consumption adjustments.
Domestic Industries
Financial
Nonfinancial '.
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world
Corporate profits with Inventory valuation
adjustment
Domestic Industries
«.*.... .•.....•.. «...;..«
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other
Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products
Other
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Other
Rest of the world

148.5
504.4

754.8

774.5

803.6

831.6

862.8

853.5

858.3

847.9

843.8

834.3

882.0

875.5

883.7

656.3

664.3

701.6

718.6

753.0

745.9

750.5

740.6

757.2

736.0

777.7

772.1

770.6

144.9
511.4

135.2
529.1

158.6
543.0

164.9
553.7

583.2

174.7
571.2

175.5
575.0

172.0
568.6

168.7
588.5

168.0
568.0

185.2
592.5

177.4
594.7

178.0
592.6

92.0

100.9

108.1

100.0

98.7

96.0

98.4

110.3

101.9

113.1

109.8

107.6

107.8

107.4

86.6

98.3

104.3

103.3

113.1

128.4
36.3

140.6
39.8

159.7
51.6

148.4
48.4

135.3
36.7

135.6
39.6

140.1
41.7

151.4
41.2

155.1
53.2

163.1
50.1

166.6
56.9

153.9
46.3

154.9
47.1

154.9
47.5

137.1
50.5

146.8
48.5

157.0
52.7

164.1
60.8

175.9
62.8

650.2

729.4

803.2

802.8

715.3

724.7

729.6

748.1

772.6

797.7

827.0

815.5

818.4

805.6

799.9

787.4

8314

822.2

831.3

558.2
154.3
22.2
132.1
403.8
166.1
77.6
6.9
11.8
12.9
21.4
-.3
24.9
88.5
26.7
26.7
5.5
29.5
85.8
11.4
33.7
40.7
29.4
44.1
78.5

628.6

695.1
184.2
23.3
160.9
510.9
185.6
93.3
5.1
16.7
13.5
22.1
4.9
30.9
92.3
22.1
26.0
16.0
26.2
104.7
18.5
47.4
38.8
46.8
63.7
110.1

702.8
191.3

628.7
170.1
21.7
148.4
458.5
181.6
89.3
4.9
12.9
15.4
20.5
6.0
29.5
92.4
18.9
26.9
13.1
33.4
93.6
16.5
34.3
42.7
37.2
53.0
93.2

631.1
166.4
21.8
144.6
464.8
181.6
88.1
6.0
15.2
13.5
20.0
6.9
26.4
93.7
20.3
24.7
14.7
34.0
90.4
18.4
35.1
36.9
41.4
54.9
96.3

637.8
156.0
22.1
133.9
481.8
185.7
88.8
5.1
15.7
13.0
22.8
1.1
31.0
96.9
24.6
23.5
16.7
32.2
93.6
15.2
38.4
40.0
50.2
52.9
99.4

717.3
186.5
23.6
162.9
530.7
195.4
104.4
6.0
18.0
16.4
24.4
7.4
32.2
91.1
21.3
27.0
15.3
27.4
108.2
19.1
52.1
37.0
47.4
66.1
113.6

708.0
191.8
24.2
167.7
516.1
181.4
92.6
5.4
17.2
14.7
20.6
4.1
30.5
88.8
24.5
25.5
13.1
25.7
108.8
18.3
51.2
39.3
42.8
65.4
117.8

710.5
194.9
24.5
170.4
515.6
170.8
87.3
6.1
15.1
8.8
18.3
7.8
31.2
83.5
19.5
24.6
11.3
28.1
110.9
19.0
51.6
40.3
47.9
71.0
115.0

192.2
24.4
167.8
506.0
169.2
89.7
5.4
17.0
14.6
16.2
5.7
30.9
79.5
20.1
18.8
11.0
29.5
105.0
18.9
47.8
38.4
50.1
69.7
111.9

713.2
189.5
24.7
164.8
523.7
171.9
97.2
5.0
19.9
15.7
16.9
6.6
33.1
74.7
21.3
19.0
6.8
27.5
113.0
20.1
51.2
41.7
49.7
69.3
119.9

689.1
188.6
24.7
163.9
500.6
161.7
106.3
5.0
17.0
19.4
21.4
9.6
33.7
55.5
7.1
20.0
4.1
24.2
106.9
19.7
46.8
40.5
41.2
69.0
121.7

727.1
205.3
24.3
180.9
521.9
171.0
100.5
1.7
19.4
16.6
20.5
10.7
31.6
70.5
17.2
25.1
-.9
29.0
111.9
18.3
52.2
41.5
43.4
75.7
119.8

718.9
198.3
24.5
173.7
520.6
167.8
100.7
1.2
19.0
18.6
19.6
10.4
32.0
67.0
18.6
20.8
-.3
28.0
107.9
17.2
52.5
38.2
44.3
75.4
125.2

718.2
200.0
25.5
174.6
518.2

100.1
18.0
42.0
40.1
48.9
62.4
103.6

684.7
181.9
23.0
158.9
5028
186.6
92.1
4.9
16.2
13.6
21.6
3.3
32.5
94.5
21.1
25.6
18.1
29.7
101.8
18.6
44.3
38.8
48.0
60.9
105.5

698.2

511.5
168.4
95.1
5.4
17.3
14.6
18.2
7.5
32.2
73.3
17.0
20.6
8.3
27.3
109.0
19.4
49.3
40.2
47.2
69.8
117.1

616.6
168.6
21.6
147.0
448.0
175.5
81.7
5.4
13.8
17.9
17.3
.7
26.6
93.8
22.8
27.0
8.8
35.2
88.0
12.2
32.8
43.0
41.6
50.9
92.0

670.7

165.3
21.8
143.5
463.3
181.2
87.0
5.4
14.4
15.0
20.2
3.7
28.4
94.2
21.6
25.5
13.3
33.7
91.4
15.6
35.2
40.6
42.6
52.9
95.2

92.0

100.9

108.1

100.0

98.7

96.0

98.4!

110.3

101.9

113.1

109.8

107.6

107.8

107.4

86.6

98.3

104.3

103.3

113.1

Nom-Estimates in this table are based on the 1987 Standard Industrial Classification.




748.9

24.6
166.7

176.6
22.6

154.0
494.0
179.0
84.1
4.3
15.6
9.5
21.7
4.8
28.2

94.9
21.8
25.9
17.3

29.9

$6

SURVEY OF CURRENT BUSINESS

• December 1999

Table 6.17C—Corporate Profits Before Tax by Industry

Table 6.18C.-Federal, State, and Local Corporate Profits Tax Liability by
Industry

[Millions of dollars]
Une
Corporate profits before tax
Domestic industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing ,
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels

..,

[Millions of dollars]

1995

1996

1997

668,454
576,442
1,842
561
1,281
4,517
509
176
2,872
960
17,265
172,518
77,298
5,970
2,259
4,811
7,585
12,557
11,079
20,302
73
4,282
4,578
3,802

726,345

795,880

625 492

687,793 681,863

2,950
1,358
1,592

3,400

8,124
-860
577

11,030

21,932

24,506
182,426

81,184
3,138
2,963
4,390
4,846
14,184
11,860
18,640
3,750
6,996
6,927
3,490

91,027

95,220
27,953
1,749
1,920
2,491
13,494
9,163
28,057
5,916
4,018
459

94,605
22,178
1,791
2,150
2,420
8,457
11,891
25,838
14,531
5,068
281

91,399

85,894

92,023

103,816

Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services

11,613
3,184
423
3,595
444
2,166
788
1,013

16,157
3,025
584
4,445
662
5,168
772
1,501

17,963

Communications
Telephone and telegraph
Radio and television

33,604
30,543
3,061

35,012
34,562

47,189

Electric, gas, and sanitary services

40,677

,

Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures .
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products ...
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products ...
Leather and leather products
Transportation and public utilities

Wholesale trade

35,546

Retail trade

47,471

Finance, insurance, and real estate
Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services ....
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other 1
Rest of the world 2
Receipts from the rest of the world
Less: Payments to the rest of the world

160,062
99,679
22,202
77,477
19.594
1,806
24,444
4,129
1,674
8,736
51,327
2,072

2,510
18,917
170

996
-395

5,234

7,492
915

175,789

Construction

3,725

25,807
155,955
87,027

107,567
18,462

49,004

450
40,854
41,588
54,806
171,827
99,677
21,784
77,893
22,356
5,121

38,664
44,495
62,936

'"

61,643

69,804

2,544
2,327
20,679
368
1,236
-155

2,439

1,315
25,742
15,198
2,892
823
6,829

27,015
15,477
3,044
677
7,817

92,012

100,853

108,087

128,354
36,342

140,623
39,770

159,713
51,626

•».

100,034
148,425
48,391

1. Consists of social services; membership organizations; engineering and management services, except for comresearch and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from their
incorporated foreign affiliates, their share of reinvested earnings of their incorporated foreign affiliates, and earnings
of unincorporated foreign affiliates (line 75), net of corresponding payments (line 76).
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




1997

1998

223,645

238,254

240,240

2

210,976

223645

238 254

240,240

3
4

668
440

736
488

721

693

5

228

248

Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels

6
7
8
9
10

1.314

1,539

2,359

986

383
137
522
272

124
189
944
282

11

2,700

3,171

3,462

2,714

12

65,617

70,608

75,124

68,114

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

13
14
15
16
17
18
19
20
21
22
23
24

30,805
1,687

34,309

37,681

39,029

Nondurable goods
Food and kindred products
Tobacco products
Textile mill products .
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied Droducts
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products

37,443

29,085

Construction

.

Transportation and public utilities

742

791
912

1,382
2,118
3,166
4,623
8,636
2,347
2,091
2,527
1,486

1,425
1,616
3,671
5,627
9,817
3,193
3,036
3,006
1,215

25
26
27
28
29
30
31
32
33
34
35

34,812
7,890
1,058

36,299
8,028
1,018

36

30,601 • 31,654

625
835

704
842

3,354
3,559
12394
4 007

936

2,270
4,590
11 689
5,980
1,087

154

91

-

31,268

30,812

5,416

5,325

11,957

11,829

Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation.
Transportation by air
Pipelines, except natural gas
Transportation services

37
38
39
40
41
42
43
44

4,242
1,107

4,898
1,106

59

69

1,243

1,364

Communications
Telephone and telegraph
Radio and television

45
46
47

12,294
10,567
1,727

Electric, gas, and sanitary services

48

14,065

13,404

13.895

49

9,416

10,548

10,318

9,345

50

12,503

14,012

15,806

17,187

51

77,610

79,131

85,485

94,617

52
53
54
55

49,080
23,389
25691
4,530
3,435
17,187
866
1,090
1422

44,517
20,083
24434
4,959
4,798
19,193
911
1,796
2,957

61
62
63
64
65
66
67
68
69
70
71
72
73

10,547

12,246

13,711

15,772

637
456

730
367

3 898

4,915

74

. . .

Finance, insurance, and real estate

"

1996

210,976

Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing

Domestic industries

Retail trade

4,453
3,369
8,322

milercial

Corporate profits tax liability

Wholesale trade

193,541

1995

1

Line

781,897

Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers .
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services ..
Motion pictures
Amusement and recreation services
Other services .
Health services
Legal services
Educational services
Other 1
Rest of the world ...

56
57
58
59

60

287
986
292
268

263
134
231
578
4,350
2,948

248
1,557

292
262
13,352
12,513

.„„„

839
13,658

305 .„..„,
165
339
834
4,591
3,017

207
122

215
126

1,073

1,233

0

0

0

0

1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS

December 1999

• 97

Table 6.19C—Corporate Profits After Tax by Industry

Table 6.20C—Net Corporate Dividend Payments by Industry

[Millions of dollars]

[Millions of dollars]
Line

Corporate profits after tax
POfflQSuO lUdUSuTlOS

••••••••Bfifittit»t«af»*«tti*c*t*ifttiiii*i***f««ititi

1995

1996

Line

1997

457,478 502,700 557,626 541,657
365,466 401,847 449,539 441,623

Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing

1,174
121
1,053

2,214
870
1,344

2,679

Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels

3,203
126
39
2,350
688

6585
-984
388
6,548
633

8,671

14,565

18,761

21,044

106,901

105,181

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

46,493
4,283
1,517
3,429
5,467
9,391
6,456
11,666
-2,274
2,191
2,051
2.316

Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products

60,408
20.063

3,032

N o i COfPOfflBo GIVIuOfiOS ••••••••••••••••••#•§••••••••#•••#••••••••»•••••••••

Domestic Industries
Agriculture, forestry, and fishing
Agricultural services, forestry, and fishing

1995

1996

1997

1998

1

254,207

297,711

333,690

348,595

2

221,634

257,325

284,758

314,647

3
4

1,825
1 083

1,838
1 014

2,412

2,584

5

742

824

6

3,588
746

3,436
504

4,273

4,059

10,940

Mining
Metal mining
^
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels

8
9
10

361

426

1,989

1,893

492

613

23,093

Construction

11

6,791

7,786

10,229

107,302

87,841

Manufacturing

12

61,390

68,331

75,844

96,373

46,875
2,347
2,051
2,965
3,230
10,513
6,233
8,823
557
3,960
3,921
2,275

53,346

47,998

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
instruments and related products
Miscellaneous manufacturing industries

13
14
15
16
17
18
19
20
21
22
23
24

21,634
1,677

22,167
1,400

27,081

34,702

815

5,080
3,185
1,446
1,643
1,282

53,956

Nondurable goods
Food and kindred products
.......*...........................
Tobacco products
Textile mill products
-.
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products

25
26
27
28
29
30
31
32
33
34
35

39,766
9,802
-600

46,164
14,797
-1.048

48,763

61,671

1,295
1,656
10,140
5,604
15,663
1,909
3,082
305

58,306
14,150
773
1,446
1,578
6,187
7,301
14,149
8.551
3,981
190

118

94

55,293

60,369

72,548

76,755

P fqn800fwfflOn 3110 D U D I I O UulluwS •••••!••• •*•••••••••*••••• ••••••••••••••••t

36

45,085

47,306

46,807

48,766

7,371
2,077
364
2,352
157
1,180
496
745

11.259
1.919
515
3.081
414
3.611
480
1,239

12,547

13,137

Transportation
Railroad transportation
.....••
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services

37
38
39
40
41
42
43
44

5,304
2.176

5,956
1,579

6,127

5,789
„.,.„
,

92

125

1,360

1,751

326
344
359
647

488
442
403
1,168

Communications
,
Telephone and telegraph
Radio and television ....

21,310
19,976
1,334

21,660
22,049

35,232

37,175

27,450

24,769

26,443

19,873
18788
1,085
19,888

22,300
20868
1,432
19,050

23,892

26,612

45
46
47
48

22,213

Electric, gas, and sanitary services

Communications
»
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services

18,467

19,085

Wholesale trade

49

13,136

15,371

16,775

17,536

Retail trade

50

16,911

16,925

19,048

20,402

Finance, Insurance, and real estate

51

49,876

68,157

77,776

81,590

52
53
54
55
56
57

20,351

28,808

COnSltUOllOfi

Dimuiiomminoiiiiiiiniiiijimntiitiiiiiiiiiiiiimii

^flQfl U KIP tU f l 00

OlttllllllllMIHIIIII»MIIIIIIIIII«tlllM«lllllttlllllllllll

Transportation and public utilities
Transportation
Railroad transportation ,
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air...
Pipelines, except natural gas
Transportation services

691

4,248

39,843

Wholesale trade

26,130

31,040

34,177

31,963

Retail trade

34,968

40,794

47,130

52,069

Finance, Insurance, and real estate
Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
:.
Insurance carriers
,
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other 1
Rest of the world 2
Receipts from the rest of the world
Less: Payments to the rest of the world

82,452
50,599
-1,187
51,786
15,064
-1,629
7,257
3.263
584
7,314
40,780
1,435
2,054

15,019
-93
862

-626
737
21,392
12,250
2,685

701
5,756

92,696 108,056

Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices

55,160
1,701
53,459
17,397
323
9,336
3,542
1,573
5.365
44,207
1,814
1,960
15,764
63
1,071

47,932

54,032

-494
1,605
22,424
12,460
2,829
551
6,584

92,012 100,853
128,354
36,342

108,590

140,623
39,770

108,087

100,034

159,713
51,626

148,425
46,391

1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management ana public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from their
incorporated foreign affiliates, their share of reinvested earnings of their incorporated foreign affiliates, and earnings
of unincorporated foreign affiliates (line 75), net of corresponding payments (line 76).
NoiE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).




Services
Hotels and other lodging places
Personal services
Business services
Auto repair services and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other 1
Rest of the world
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3

,

.

646
953
1,806
3,687
1,828
3,072
4,079

844
2,227

557
1,293
1,446
4,407

428

941

991

1,091
2,864
3,493
14,734
5,806
1,507

1,068
3,666
5,621
16,324
3,242
1,409

231

256

58
59

20,120
5,750
2,184
12,988
2,626
6337

28,552
4,277
3,104
13,932
3,372

60

-460

o,oou
6,284

61
62
63
64
65
66
67
68
69
70
71
72
73

23,052

28,175

960
999

935
972

9,125

10,263

3,515

4,902

74

32,573

75

58,420
25,847

76

529
380
367
1,476
9,216
4,442

957
302

8380

iMft

*
31,591

32,397

40,386

48,932

33,948

68,975
28,589

80,082
31,150

69,305
35,357

657
350
1,073
2625
11300
4,989
1.156

253

1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management ana public relations; and services, not elsewhere classified.
2. Consists of (1) receipts by U.S. residents of dividends from foreign corporations, plus (2) earnings distributed
by unincorporated foreign affiliates to their U.S. parents.
3. Consists of (1) payments by U.S. corporations of dividends to foreign residents, plus (2) earnings distributed
by unincorporated U.S. affiliates to their foreign parents.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS

December 1999

Table 6 21 C.™Undistributed Corporate Profits by Industry

Table 6.22C—Corporate Capital Consumption Allowances by Industry

[Millions of dollars]

[Millions of dollars]
Line

*•••••

1995

1996

1997

1998

1

203,271

204,989

223,936

193,062

2

143,832

144,522

164,781

126,976

Agriculture, forestry, and fishing
Farms «.....«».»
Agricultuiai services, forestry, and fishing

3
4

-651
-962

376
-144

267

448

311

520

Mining ...... .......
Metal mining .....
Coal mining
Oil and gas extraction
Nonmetaliic minerals, except fuels

6
7
8
9
10

-385
-620
-322

3,149
-1,488

4,398

189

361
196

4,655

Construction

11

7,774

10,975

10,815

12,153

Domestic industries

5

-38

45,511

36,850

31,458

-«,532

13
14
15
16
17
18
19
20
21
22
23
24

24,859
2,606

24,708

26,265

13,296

871

1,494
1,672
1,784
6,106
5.805
3,743
-2,628
2,514
2,278

Nondurable goods
Food and kindred products
Tobacco products
Textile mill products ..
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products

25
26
27
28
29
30
31
32
33
34
35

5,193

-21,828

947

993

20,652
10,261
1,291

12,142
-647
1.821

354
565

455
510

7,276
2,111
-3,897
1,575

2,521
1,680
-2175
5309
2,572

187

96

36

10,228

13,063

25,741

27,989

2,067

5,303

6,420

7,348

-99
272
992

1,330

Transportation services

37
38
39
40
41
42
43
44

Communications
Telephone and telegraph
Radio and television .
Electric, gas, and sanitary services

Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation..
Transportation by a i r .
Pipelines, except natural gas

929

..,„

-74

836
137
98

3,169

45
46
47

1,437
1,188

13,019

13,283

249

-640
1,181
-1,821

48

6,724

8,400

6,302

7,358

Wholesale trade

49

12,994

15,669

17,402

Retail trade

50

18,057

23,869

Finance, Insurance, and real estate

51

32,576

24,539

52
53
54
55
56
57
58
59
60

30,248
-1,418
31,666
9,314
-3,813
-5,731

26,352
1,445
24,907
13,120
-2,781
-4,596

637

170

-5,753
7,674

-6,807
-919

61

17,728

16,032

Depository institutions ...
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commodity brokers

Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Son/leos
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking

Miscellaneous repair services
Motion pictures ..............
Amusement and recreation services
Other services
Health services
Legal services
Educational services .
Other 1
Rest of the world
Receipts from the rest of the world 2
Less: Payments to the rest of the world 3

62
63
64
65
66
67
68
69
70
71
72
73

475
1,055
5,894
-622

..............

77
71

5,495

Mining
Metal mining
Coal mining
Oil and gas extraction

5
6
7
8
9

9,406
1,471
1,268
5,353
1,314

9,860
1,373
1,216
5,636
1,635

11,619

13,005

721
-1,567
-1,020
11,124
7,471
1,673

12,064

13,595

14,825

188,851

204,984

213,791

227,344

12
13
14
15
16
17
18
19
20
21
22
23

107,442 117,387
3,837
3,898
1,146
1.286
3.773
3,803
6.812
6,707
7,044
8,004
11,007
10,296
26,218 . 30,230
32,147
36,813
7,624
7,334
5,518
6,088
2,316
2,928

126,256

134,276

87,597
16,053
2,039
2,867
1,501
9,096
5,343
23,389
22,493
4,604

87,535

93,068

24
25
26
27
28
29
30
31
32
33
34

81,409
10,327
1,620
2,940
1,324
9,380
4,877
20,801
25,261
4,322

557

212

35

112,732

111,809

116,667

126,897

36
37
38
39
40
41
42
43

28,879
4,989

29,912
4,789

31,098

33.804

725

852

10131
1.691
9127

10570
1,577
9 725

64

131

2,152

2,268

Communications...
Telephone and telegraph
Radio and television

44
45
46

43.576
36,922
6,654

45,052
38,555
6,497

49,563

53,900

Electric, gas, and sanitary services

39,193

Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products

Transportation
Railroad transportation
Local and interurban passenger transit
Truckino and warehousina
Water transportation

Pipelines, except natural gas

„„,

36,845

36,006

41,786

46,827

52,661

56,268

14,427

Retail trade

49

35,725

40,077

43444

47,389

28,082

31,667

Finance, Insurance, and real estate

82,394

89,964

30,280

27,000

74,881

81,299

16,338

21,635

t

399

298
1,682

74

59,439

60,467

59,155

66,086

75

69,934
10,495

71,648
11,181

79,631
20,476

79,120
13,034

NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

Lumber and wood products
Furniture and fixtures ...
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

10,850

11

40,277

879
988

482

Durable goods

10

48

1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
2. Consists of receipts by all U.S. residents of their share of the reinvested earnings of their incorporated foreign
affiliates and reinvested earnings of their unincorporated foreign affiliates.
3. Consists of payments to foreign residents of their share of the reinvested earnings of their incorporated U.S.
affiliates and reinvested earnings of their unincorporated U.S. affiliates.




4,985

47

2,241

76

4,939
3198
1,741

Wholesale trade

5,501
-594

-993
-739
12,176
7,808
1,728

1998
662,486

4,795
3193
1,602

Leather and leather products

-169

1997
614,037

4

Transportation and public utilities

340
390

1996
568,072

AciriculturSi forestry, and flsnlnci
Farms .
.
Agricultural services, forestry, and fishing

Nonmetaliic minerals, except fuels

12

1995
530,744

Corporate capital consumption allowances

20

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

2,476
3,661
5,704
4,628
8.594
-6,353
1,347
-176
1,501

Line

CMC

•••»•••«!•••

*-

UncSlstfibutdcl oorpor&to profits #•••»

50

66,184

70,050

Depository institutions
Federal Reserve banks
Commercial and mutual depository institutions
Nondepository institutions
Security and commoditv brokers
Insurdncd cdrnGrs •••••»*»»»#»»•»••••••••••••••••••• #•• •••••••••»•••«• •••••••••
Insurance agents, brokers, and service

51
52
53
54
55
56
57

31412

34671

245

256

Holding and other investment offices

58
59

Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other 1

60
61
62
63
64
65
66
67
68
69

70
71
72

31,167
5,821
1 769
14,133

34,415
6,696
2604
13,825
936
1,029
8,405 • 8,641
3,708
2,584

60,415
3,543
1,801
23671
12,155

67,462
4,294
1,775
29417
12,427

751
649

809
787

3,303
14,542
7,760

2,566
15,387
7,741

735
383

834
513

5.664

6,299

1. Consists of social services; membership organizations; engineering and management services, except for commercial research and testing services and for management and public relations; and services, not elsewhere classified.
NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

SURVEY OF CURRENT BUSINESS

December 1999

•

99

7. Quantity and Price Indexes,
Table 7,1—Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1996*100]
Seasonally adjusted
Line

1995

1996

1997

1998

i
Gross domestic product
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

1997

1996

II

1998

1999

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

1
2
3
4

94.72
96.47
98.19
98.19

100.00
100.00
100.00
100.00

106.24
104.50
101.66
101.66

112.12
109.00
102.86
102.86

97.65
98.19
99.46
99.45

99.61
99.84
99.77
99.77

100.59
100.39
100.21
100.20

102.15
101.59
100.56
100.55

104.00
102.82
101.14
101.15

105.71
104.12
101.53
101.53

107.06
105.14
101.83
101.82

108.19
105.94
102.15
102.12

110.21
107.67
102.41
102.35

111.14
108.24
102.70
102.68

112.60
109.25
103.06
103.07

114.52
110.83
103.28
103.33

116.12
111.84
103.79
103.83

117.06
112.36
104.13
104.19

118.97
113.88
104.42
104.47

5
6
7
8

94.87
96.80
98.01
98.01

100.00
100.00
100.00
100.00

105.48
103.75
101.67
101.67

111.67
108.80
102.63
102.63

97.96
98.72
99.24
99.23

99.63
99.81
99.82
99.82

100.50
100.34
100.16
100.16

101.92
101.13
100.78
100.77

103.69
102.36
101.30
101.30

104.37
102.82
101.51
101.51

106.33
104.47
101.78
101.78

107.52
105.34
102.08
102.07

109.11
106.77
102.19
102.19

111.05
108.36
102.48
102.48

112.45
109.42
102.78
102.77

114.06
110.66
103.08
103.07

116.29
112.43
103.44
103.44

118.39
113.83
104.01
104.01

120.28
115.11
104.50
104.49

Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

9
10
11
12

95.66
94.66
101.06
101.06

100.00
100.00
100.00
100.00

104.28
106.63
97.79
97.79

113.26
118.66
95.45
95.45

98.37
97.61
100.78
100.78

100.78
100.64
100.13
100.14

100.04
100.26
99.77
99.78

100.82
101.50
99.32
99.33

103.18
104.15
99.05
99.06

101.83
103.76
98.12
98.14

105.74
108.64
97.31
97.33

106.37
109.98
96.70
96.72

110.17
114.35
96.32
96.35

112.56
117.42
95.83
95.85

113.05
118.62
95.29
95.31

117.25
124.26
94.34
94.36

119.88
127.95
93.67
93.69

121.92
130.76
93.22
93.24

123.57
133.20
92.75
92.77

Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

13
14
15
16

95.12
97.14
97.93
97.93

100.00
100.00
100.00
100.00

104.30
102.92
101.35
101.35

108.56
107.07
101.40
101.40

97.81
98.72
99.09
99.08

99.70
99.73
99.98
99.97

100.30
100.29
100.02
100.02

102.18
101.26
100.92
100.91

103.59
102.22
101.34
101.33

103.37
102.17
101.17
101.17

104.97
103.60
101.32
101.32

105.27
103.67
101.55
101.55

106.39
105.13
101.20
101.20

108.08
106.85
101.15
101.15

109.05
107.49
101.46
101.45

110.73
108.80
101.78
101.77

113.58
111.15
102.19
102.19

115.93
112.05
103.47
103.47

117.76
113.01
104.20
104.20

Services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

17
18
19
20

94.59
97.07
97.44
97.44

100.00
100.00
100.00
100.00

106.33
103.60
102.63
102.63

112.95
107.80
104.78
104.78

97.95
98.94
99.00
98.99

99.36
99.68
99.68
99.68

100.70
100.39
100.31
100.31

102.00
100.99
101.01
101.00

103.85
102.07
101.75
101.74

105.40
102.96
102.38
102.37

107.16
104.10
102.94
102.93

108.91
105.26
103.46
103.45

110.30
106.14
103.93
103.92

112.28
107.39
104.56
104.55

114.08
108.62
105.04
105.03

115.13
109.03
105.60
105.60

116.97
110.16
106.19
106.18

118.95
111.56
106.63
106.62

120.92
112.79
107.21
107.20

21
22
23
24

92.04
91.79
100.29
100.28

100.00
100.00
100.00
100.00

111.35
111.51
99.84
99.85

123.22
124.52
98.96
98.95

94.34
94.33
100.03
100.01

99.10
99.25
99.84
99.85

103.21
103.12
100.11
100.09

103.35
103.30
100.02
100.05

106.79
106.75
99.95
100.04

112.03
112.18
99.80
99.86

112.33
112.47
99.89
99.88

114.24
114.66
99.74
99.63

121.86
123.24
99.18
98.88

120.30
121.76
98.93
98.80

123.55
124.82
98.89
98.98

127.17
128.26
98.85
99.14

128.30
129.41
98.87
99.14

127.58
128.74
98.78
99.10

131.65
133.02
98.66
98.97

25
26
27
28

91.59
91.46
100.14
100.14

100.00
100.00
100.00
100.00

108.47
108.52
99.95
99.95

120.40
121.37
99.20
99.20

96.12
96.08
100.04
100.03

99.10
99.26
99.84
99.84

101.64
101.56
100.08
100.08

103.15
103.10
100.05
100.05

105.06
105.07
100.00
100.00

107.16
107.25
99.92
99.92

110.36
110.33
100.03
100.03

111.27
111.43
99.86
99.86

116.71
117.44
99.38
99.38

119.92
120.95
99.15
99.15

120.53
121.55
99.16
99.16

124.43
125.55
99.11
99.11

127.26
128.30
99.19
99.19

129.26
130.37
99.17
99.17

131.86
132.99
99.15
99.15

29
30
31
32

91.73
90.89
100.93
100.93

100.00
100.00
100.00
100.00

109.64
110.71
99.04
99.04

121.33
124.80
97.22
97.22

96.18
95.80
100.40
100.40

98.44
98.46
99.97
99.98

101.58
101.65
99.92
99.93

103.81
104.09
99.71
99.72

105.93
106.50
99.45
99.46

108.15
109.05
99.17
99.18

112.04
113.18
98.98
98.99

112.45
114.09
98.56
98.57

118.50
121.03
97.90
97.91

121.27
124.54
97.36
97.37

120.87
124.56
97.03
97.04

124.67
129.06
96.60
96.60

126.74
131.49
96.38
96.39

128.46
133.74
96.04
96.05

132.07
137.98
95.72
95.72

Structures:
Current dollars
Chain-type quantity index
Chain-type price index ....
implicit price deflator

33
34
35
36

90.95
93.39
97.39
97.39

100.00
100.00
100.00
100.00

112.93
108.45
104.14
104.14

121.25
112.93
107.37
107.37

94.84
95.95
98.87
98.84

97.77
98.38
99.42
99.38

100.58
100.18
100.44
100.41

106.80
105.49
101.28
101.24

110.04
107.55
102.34
102.31

110.16
106.46
103.50
103.48

114.60
109.31
104.85
104.83

116.94
110.48
105.86
105.85

118.87
112.03
106.11
106.11

121.77
113.98
106.85
106.84

120.78
112.05
107.79
107.79

123.56
113.64
108.73
108.73

122.12
111.96
109.07
109.07

121.12
110.44
109.67
109.67

121.64
110.02
110.56
110.56

Equipment and software:
Current dollars
Chain-type quantity index
Chain-type price index
implicit price deflator

37
38
39
40

91.99
90.08
102.12
102.12

100.00
100.00
100.00
100.00

108.54
111.48
97.37
97.37

121.36
129.09
94.01
94.01

96.63
95.75
100.91
100.92

98.66
98.49
100.16
100.17

101.91
102.15
99.74
99.76

102.81
103.61
99.19
99.22

104.55
106.13
98.49
98.51

107.48
109.94
97.74
97.76

111.18
114.52
97.06
97.09

110.95
115.32
96.18
96.21

118.38
124.24
95.25
95.28

121.11
128.33
94.34
94.37

120.90
129.09
93.64
93.66

125.05
134.70
92.81
92.83

128.28
138.74
92.44
92.46

130.90
142.47
91.86
91.88

135.56
148.55
91.23
91.25

41
42
43
44

91.18
93.13
97.91
97.91

100.00
100.00
100.00
100.00

105.09
102.35
102.68
102.68

117.71
111.78
105.30
105.30

95.93
96.91
99.00
98.99

100.99
101.56
99.44
99.44

101.83
101.30
100.53
100.52

101.26
100.24
101.03
101.02

102.59
100.98
101.60
101.59

104.33
102.15
102.14
102.13

105.55
102.30
103.18
103.18

107.89
103.96
103.80
103.78

111.57
107.43
103.88
103.85

116.02
110.91
104.64
104.61

119.55
113.07
105.76
105.73

123.71
115.74
106.93
106.89

128.76
119.30
107.97
107.93

131.66
120.91
108.93
108.89

131.25
119.43
109.92
109.90

,
,

Personal consumption expenditures:
Current dollars
Chain-type quantity index
Chain-type price index
.,
Implicit price deflator

Gross private domestic Investment
Current dollars
.....
Chain-type quantity index
Chain-type price index
,
implicit price deflator
Fixed investments
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nonresldentlal:
Current dollars
Chain-type quantity index..
Chain-type price index
Implicit price deflator

Residential:
Current dollars
,
Chain-type quantity index....
Chain:type price index
Implicit price deflator
,
See notes at the end of the table.




100

• December 1999

SURVEY OF CURRENT BUSINESS
Table 7.1.—Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1998

1996

I

II

1997

III

1998

1999

IV

I

II

III

IV

1

II

III

IV

I

II

III

Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

45
46
47
48

93.64
92.37
101.38
101.38

100.00
100.00
100.00
100.00

110.73
112.73
98.23
98.23

110.54
115.21
95.95
95.95

97.61
96.73
100.89
100.92

98.92
98.35
100.55
100.57

99.02
99.19
99.79
99.82

104.45
105.72
98.77
98.80

106.34
107.97
98.47
98.49

110.42
112.09
98.50
98.51

113.09
115.18
98.18
98.19

113.09
115.68
97.76
97.76

111.46
115.23
96.72
96.72

109.83
114.07
96.27
96.28

108.57
113.60
95.57
95.57

112.32
117.92
95.25
95.25

110.61
116.27
95.13
95.13

111.90
117.41
95.30
95.30

115.39
120.71
95.59
95.59

Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

49
50
51
52

94.41
91.97
102.65
10265

100.00
100.00
100.00
100.00

111.41
114.51
97.29
97.29

110.17
116.89
94.25
9425

98.28
96.89
101.40
10143

98.86
97.92
100.92
100.97

99.52
99.81
99.67
99.71

103.34
105.39
98.01
9805

106.63
108.99
97.81
97.83

110.88
113.66
97.55
97.56

113.97
117.20
97.24
97.25

114.16
118.21
96.57
96.58

112.03
117.38
95.44
95.45

108.64
114.69
94.71
94.72

107.89
115.14
93.70
93.70

112.11
120.35
93.15
93.15

109.04
117.46
92.83
92.83

110.04
118.71
92.69
92.69

114.37
123.16
92.86
92.87

Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

53
54
55
56

91.77
93.36
98.30
9830

100.00
100.00
100.00
10000

109.10
108.49
100.56
10056

111.46
111.19
100.24
10024

96.00
96.34
99.66
9965

99.05
99.44
99.62
9961

97.80
97.73
100.09
10008

107.15
106.49
100.63
10061

105.65
105.55
100.10
100.10

109.31
108.36
100.88
10087

110.96
110.37
100.54
10053

110.48
109.68
100.73
100.73

110.07
110.13
99.95
9995

112.70
112.48
100.20
10020

110.23
109.93
100.27
10027

112.83
112.22
100.55
10055

114.41
113.35
100.94
10094

116.39
114.24
101.88
101 88

117.84
115.00
102.47
10247

imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

57
58
59
60

93.74
92.05
101.83
101.83

100.00
100.00
100.00
100.00

109.67
113.72
96.45
96.45

115.86
126.89
91.31
91.31

96.47
95.64
100.87
100.87

99.10
98.68
100.42
100.43

101.35
102.05
99.28
99.31

103.08
103.63
99.43
99.47

105.62
107.43
98.27
98.32

108.27
112.22
96.43
96.48

112.05
116.86
95.85
95.88

112.75
118.35
95.24
95.27

113.35
122.41
92.57
92.60

115.67
126.21
91.63
91.65

115.75
127.81
90.55
90.56

118.68
131.14
90.48
90.50

121.32
135.07
89.81
89.82

127.09
139.69
90.96
90.98

133.46
144.52
92.33
92.35

Imports of goods:
Current dollars...
Chain-type quantity index
Chain-type price index
Implicit price deflator

61
62
63
64

93.73
91.43
102.51
102.51

100.00
100.00
100.00
100.00

109.50
114.21
95.88
95.88

115.10
127.62
90.19
90.19

96.32
95.22
101.15
101.15

99.20
98.65
100.54
100.56

101.27
102.13
99.13
99.16

103.21
104.00
99.18
99.24

105.44
107.60
97.94
98.00

108.14
112.90
95.73
95.78

111.87
117.42
95.23
95.28

112.54
118.92
94.61
94.64

112.92
122.87
91.87
91.90

114.92
126.87
90.55
90.58

114.70
128.40
89.30
89.33

117.85
132.33
89.03
89.06

120.53
136.33
88.38
88.41

126.47
141.34
89.46
89.48

133.48
147.07
90.73
90.76

Imports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

65
66
67
68

93.79
95.40
98.31
98.31

100.00
100.00
100.00
100.00

110.60
111.19
99.47
99.47

119.86
123.21
97.29
97.29

97.25
97.86
99.40
99.38

98.59
98.85
99.75
99.74

101.75
101.64
100.11
100.10

102.40
101.65
100.74
100.74

106.57
106.52
100.02
100.04

108.96
108.76
100.16
100.19

112.99
113.99
99.10
99.12

113.87
115.47
98.60
98.62

115.60
120.01
96.32
96.32

119.58
122.83
97.36
97.35

121.24
124.75
97.21
97.19

123.03
125.24
98.26
98.24

125.48
128.81
97.43
97.41

130.28
131.58
99.03
99.02

133.35
132.12
100.95
100.93

69
70
71

72

96.49
98.87
97.59
97.59

100.00
100.00
100.00
100.00

104.15
102.33
101.78
101.78

107.58
104.10
103.34
103.34

98.64
98.77
99.87
99.87

100.07
100.58
99.49
99.49

100.10
100.01
100.09
100.09

101.19
100.64
100.55
100.55

102.38
101.06
101.31
101.31

103.98
102.47
101.47
101.47

104.79
102.91
101.84
101.83

105.45
102.89
102.49
102.49

105.42
102.62
102.73
102.73

107.35
104.13
103.10
103.09

108.21
104.46
103.60
103.59

109.34
105.20
103.94
103.94

111.76
106.52
104.93
104.92

112.93
106.86
105.69
105.68

115.08
107.98
106.58
106.58

73
74
75
76

98.11
100.91
97.22
97.23

100.00
100.00
100.00
100.00

101.17
99.88
101.30
101.30

101.33
98.97
102.38
102.39

99.81
99.52
100.28
100.29

101.06
101.61
99.46
99.46

99.53
99.60
99.93
99.93

99.60
99.27
100.34
100.33

99.74
98.55
101.20
101.20

102.15
100.90
101.24
101.24

101.75
100.56
101.18
101.18

101.04
99.48
101.57
101.57

98.97
96.96
102.07
102.07

102.00
99.71
102.30
102.30

101.52
99.14
102.41
102.41

102.84
100.08
102.76
102.75

104.85
99.97
104.89
104.89

105.64
100.49
105.13
105.12

107.12
101.46
105.59
105.58

77

98.20
101.37
96.88
96.88

100.00
100.00
100.00
100.00

98.74
97.55
101.22
101.22

97.65
95.71
102.03
102.03

99.75
99.82
99.93
99.93

101.20
101.68
99.52
99.53

99.62
99.55
100.06
100.06

99.44
98.95
100.49
100.49

97.20
96.04
101.20
101.20

99.41
98.27
101.16
101.16

99.29
98.23
101.07
101.07

99.06
97.65
101.45
101.44

94.94
93.21
101.86
101.86

97.46
95.69
101.85
101.85

99.34
97.33
102.07
102.07

98.85
96.61
102.32
102.32

99.66
95.64
104.21
104.20

99.25
95.01
104.47
104.46

102.42
97.61
104.93
104.93

97.92
99.98
97.93
97.93

100.00
100.00
100.00
100.00

106.14
104.63
101.45
101.44

108.87
105.63
103.07
103.07

99.93
98.91
101.00
101.03

100.78
101.47
99.32
99.32

99.36
99.71
99.65
99.65

99.93
99.91
100.03
100.02

104.94
103.69
101.19
101.20

107.74
106.28
101.38
101.38

106.79
105.32
101.41
101.40

105.10
103.23
101.81
101.81

107.21
104.60
102.49
102.49

111.30
107.89
103.15
103.16

105.98
102.85
103.05
103.04

110.99
107.16
103.59
103.58

115.48
108.77
106.18
106.17

118.72
111.62
106.37
106.36

116.74

82
83
84
85
86
87
88

95.52
97.66
97.81
97.81

100.00
100.00
100.00
100.00

105.93
103.79
102.06
102.06

111.31
107.14
103.89
103.89

97.94
98.32
99.62
99.61

99.48
99.97
99.52
99.51

100.44
100.25
100.19
100.19

102.14
101.46
100.68
100.67

103.96
102.55
101.38
101.37

105.08
103.41
101.62
101.61

106.61
104.30
102.22
102.21

108.09
104.91
103.03
103.02

109.27
105.98
103.11
103.11

110.54
106.75
103.56
103.55

112.20
107.61
10427
104.27

113.22
108.23
104.62
104.61

115.88
110.39
104.98
104.97

117.29
110.64
106.02
106.01

119.83
111.84
107.15
107.14

fiovarnmfinf con&timntton Axn&ndltures and dross

investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Federal:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
National defense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
State and local:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

78
79
80

81

NoTES.-Chain-type quantity and price indexes are calculated from weighted averages of the detailed output and
prices used to prepare each aggregate and component. Implicit price deflators are weighted averages of the detailed
price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained-




109.29
106.82
106.82

dollar output multiplied by 100.
Percent changes from preceding period for items in this table are shown in table 8.1. Contributions to the percent
change in real gross domestic product are shown in table 8.2.

SURVEY OF CURRENT BUSINESS

December 1999

•

101

Table 7.2.—Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1996-100]
Seasonally adjusted
Line

1996

1997

1998

94.72
96.47
98.19
98.19

100.00
100.00
100.00
100.00

106.24
104.50
101.66
101.66

112.12
109.00
102.86
102.86

97.65
98.19
99.46
99.45

99.61
99.84
99.77
99.77

100.59
100.39
100.21
100.20

102.15
101.59
100.56
100.55

104.00
102.82
101.14
101.15

105.71
104.12
101.53
101,53

107.06
105.14
101.83
101.82

108.19
105.94
102.15
102.12

110.21
107.67
102.41
102.35

111.14
108.24
102.70
102.68

112.60
109.25
103.06
103.07

114.52
110.83
103.28
103.33

116.12
111.84
103.79
103.83

117.06
112.36
104.13
104.19

118.97
113.88
104.42
104.47

Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

94.66
96.43
98.16
98.16

100.00
100.00
100.00
100.00

105.77
104.02
101.69

111.63
108.46
102.93
102.93

97.94
98.48
99.46
99.45

99.61

100.33
100.13
100.21
100.20

102.12
101.55
100.56
100.56

103.72
102.54
101.16
101.15

104.93
103.33
101.56
101.55

106.73
104.78
101.86
101.86

107.70
105.41
102.18
102.18

109.36
106.73
102.47
102.46

111.05
108.06
102.77
102.76

112.09
103.13
103.13

114.04
110.34
103.36
103.35

115.91
111.59
103.88
103.87

117.29
112.52
104.24
104.23

118.95
113.79
104.54
104.54

Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

94.72
96.38
98.28
98.28

100.00
100.00
100.00
100.00

106.16
104.71
101.39
101.39

112.75
110.39
102.14
102.14

97.51
98.03
99.48
99.47

99.77
99.76

100.85
100.72
100.14
100.13

102.01
101.39
100.62
100.61

103.94
102.81
101.09
101.10

105.50
104.22
101.23
101.23

107.00
105.44
101.48
101.48

108.20
106.35
101.76
101.74

110.45
108.58
101.79
101.73

111.84
109.68
101.99
101.97

113.43
110.91
102.26
102.28

115.27
112.39
102.51
102.56

117.36
113.99
102.92
102.96

118.85
114.88
103.40
103.46

121.13
116.58
103.85
103.90

Final sales to domestic purchasers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

94.66
96.34
98.25
98.25

100.00
100.00
100.00
100.00

105.70
104.22
101.42
101.42

112.27
109.86
102.20
102.20

97.80
98.32
99.47
99.47

99.77
99.76

100.60
100.47
100.14
100.13

101.98
101.35
100.62
100.62

103.67
102.54
101.10
101.10

104.73
103.44
101.25
101.25

106.67
105.09
101.52
101.51

107.72
105.83
101.80
101.79

109.61
107.64
101.84
101.83

111.75
109.51
102.05
102.05

112.93
110.36
102.33
102.33

114.80
111.92
102.58
102.57

117.16
113.75
103.00
103.00

119.08
115.06
103.50
103.50

121.12
116.51
103.97
103.96

64.41
139.64
139.64

100.00
100.00
100.00
100.00

106.33
145.39
73.14
73.14

117.75
223.72
52.63
52.63

100.66
88.04
113.41
114.33

98.79
95.19
102.93
103.79

100.95
104.52
95.74
96.59

112.25
87.93
88.72

102.92
125.47
81.45
82.03

105.47
139.12
75.26
75.81

108.96
154.89

107.99
162.07
66.05

113.63
184.17
60.87
61.70

117.75
207.83
55.79
56.66

119.86
239.90
49.13
49.96

119.78
262.98
44.74
45.55

117.92
281.68
41.13
41.86

123.76
308.67

40.10

131.69
346.43
37.34
38.01

100.00
100.00
100.00
100.00

106.24
104.15
102.01
102.01

112.06
108.17
103.60
103.60

97.62
98.29
99.32
99.32

99.62

97.84
97.84

99.74
99.73

100.58
100.34
100.25
100.24

102.18
101.48
100.69
100.68

104.01
102.61
101.36
101.37

105.72
103.80
101.84
101.84

107.04
104.72
102.22
102.22

108.19
105.47
102.61
102.58

110.17
107.06
102.97
102.91

111.08
107.49
103.36
103.33

112.53
108.33
103.86

114.47
109.80
104.20
104.25

116.10
110.73
104.81
104.85

116.99
111.15
105.21
105.26

118.84
112.53
105.56
105.61

94.77
96.79
97.91
97.91

100.00
100.00
100.00
100.00

106.14
104.29
101.77
101.77

112.61
109.35
102.98
102.98

97.49
98.16
99.33
99.32

99.64
99.90
99.74
99.73

100.85
100.67
100.19
100.18

102.02
101.27
100.75
100.75

103.94
102.58
101.32
101.33

105.48
103.86
101.55
101.56

106.95
104.95
101.91
101.90

108.17
105.78
102.29
102.26

110.33
107.78
102.43
102.37

111.69
108.72
102.76
102.73

113.28
109.79
103.18
103.19

115.11
111.1.1
103.56
103.60

117.20
112.56
104.08
104.12

118.62
113.29
104.65
104.71

120.86
114.84
105.20
105.25

97.37
95.25
98.53

100.00
100.00
100.00

102.07
100.72
101.34

103.71
92.35
102.40

98.64
97.44
99.67

99.53
100.78
99.75

100.51
99.71
100.12

101.32
102.07
100.47

101.54
103.91
100.90

101.77
99.24
101.25

102.26
99.64
101.48

102.70
100.08
101.73

103.12
94.99
101.94

103.31
93.11
102.24

103.88
91.46
102.56

104.55
89.82
102.84

105.11
89.11
103.28

105.37
94.67
103.58

105.92
98.34
103.88

Gross domestic product!
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

,

Addenda:
Final sales of computers *:
Current dollars
Chain-type quantity index
Chain:type price index
Implicit price deflator
Gross domestic product less final sales of
computers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross domestic purchases less final sales of
computers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Chain-type price indexes for gross domestic
purchases:
Food
Energy goods and services
Gross domestic purchases less food and
energy.

1995

94.77

1997

1996

99.77
99.77

99.62

70.34

1. For some components of final sales of computers, includes computer parts.
NOTE.-Percem changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.3.—Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1998

I

II

1998

1997

1996

1999

III

IV

I

II

ill

IV

I

II

III

IV

1

II

III

Gross national product
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

1
2
3
4

94.76
96.51
98.19
98.19

100.00
100.00
100.00
100.00

106.05
104.31
101.67
101.67

111.73
108.62
102.87
102.87

97.77
98.31
99.46
99.45

99.61
99.84
99.77
99.77

100.50
100.30
100.21
100.20

102.13
101.56
100.56
100.56

103.83
102.64
101.15
101.16

105.59
103.99
101.53
101.54

106.84
104.92
101.84
101.83

107.94
105.69
102.15
102.13

109.99
107.45
102.42
102.36

110.88
107.99
102.71
102.69

112.02
108.68
103.06
103.07

114.04
110.35
103.29
103.34

115.67
111.39
103.79
103.84

116.61
111.91
104.14
104.19

118.47
113.40
104.42
104.48

Less: Exports of goods and services and Income
receipts from the rest of the world:
Chain-type quantity index

5

93.22

100.00

112.85

114.86

97.00

98.07

99.35

105.58

108.02

112.60

115.46

115.32

115.47

114.71

112.79

116.46

115.39

117.27

120.94

Plus: Command-basis exports of goods and
services and Income receipts from the rest of
the world:
Chain-tvDe Quantify index

6

92.78

100.00

114.64

119.68

96.97

98.16

99.78

105.10

108.29

114.60

117.82

117.87

119.76

119.50

117.92

121.53

121.01

121.93

124.56

Equals: Command-basis gross national product:
Chain-type quantity index

7

96.45

100.00

104.67

109.31

98.30

99.85

100.36

101.49

102.68

104.28

105.25

106.06

108.07

108.67

109.41

111.08

112.20

112.58

113.92

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




SURVEY OF CURRENT BUSINESS

102 • December 1999

Table 7.4.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1997

1996

1999

1998

Chain-type quantity Indexes
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods

Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation ..
Other
Addenda:
Energy goods and servicesx
Personal consumption expenditures less food and
energy.

102.82
103.76

101.86
106.13
105.12

9865
108.82
104.89

102.22

102.17

104.47
108.64
105.68
112.38
107.71
103.60

101.63
103.59
99.75
100.72
92.14
103.41

101.36
102.38
101.67
102.06
98.52
103.85

102.06
106.24
101.76
101.98
99.96
105.63

101.65
107.15
101.21
101.78
96.69
106.35

102.07

102.96

104.10

105.28

106.77
114.35
109.84
120.25
112.63
105.13
102.51
111.30
100.82
102.00
91.46
107.97
106.14

101.12
100.38
96.85
102.81
104.26
101.19
102.90
103.92

101.50
101.94
98.25
104.47
105.07
101.72
103.78
105.44

102.01
103.55
98.36
107.10
106.40
102.31
104.49
107.73

102.59
106.49
102.69
109.09
106.97
102.91
105.71
109.59

103.35
105.11
96.37
111.06
108.15
103.93
107.58
111.00

102J6

100.02
103.27

100.11
105.21

101.94
106.25

100.78

101.30

101.51

101.78

99.32

99.05

98.12

97.31

100.06
99.52
99.60

100.32
98.19

100.58
97.16
99.62

100.03
95.77
98.87

99.98

100.02

100.92

101.34

99.53
100.46
101.83
102.16
99.15
99.88

100.46
99.13
98.84
99.09
96.82
100.15

101.37
99.49
102.71
102.19
107.10
100.31

100.31

101.01

101.65
99.80
104.65
104.30
107.55
100.56
101.75

99.65
99.76
99.58
99.87
99.54
99.75
99.56

100.38
100.37
100.62
100.20
100.31
100.20
100.49
100.30

101.04
100.82
100.95
100.73
101.90
100.78
101.31
100.96

100.74
99.82

99.67
100.14

101.88
100.60

98.72

99.81

100.34

97.61

100.64

100.26

113.87
125.55
115.78

100.27
95.45
96.27

101.28
100.12
100.28

99.58
100.77
100.65

107.07

98.72

99.73

100.29

99.82
96.94
99.15
98.20
106.87
97.54

99.94
99.70
99.92
100.15
97.96
99.26

99.91
101.15
100.21
100.28
99.59
100.48

103.60

104.40
113.00
101.70
102.83
92.82
110.47
107.80

98.94

99.68

100.39

101.13
101.50
98.87
103.66
102.80
101.26
100.33
102.20
100.72
101.37
95.59
102.72
100.99

101.81
103.09
99.04
105.87
105.68
102.04
104.22
106.67

104.28
108.53
100.69
113.87
109.34
104.91
109.27
113.54

99.50
100.12
103.15
98.05
98.13
98.74
98.16
98.52

99.78
100.58
101.37
100.04
99.31
99.79
99.41
99.24

100.14
98.42
96.14
99.98
100.53
100.23
100.88
101.50

100.58
100.88
99.34
101.93
102.03
101.25
101.54
100.74

100.00
100.00

100.10
104.37

101.23
110.11

101.08
98.36

100.62 98.26 100.05
99.73 100.56 101.35

98.01

100.00
100.00
98.37 100.00
104.49 100.00
100.27 100.00
97.93 100.00
97.27 100.00
101.42 100.00
93.69 100.00
94.21 100.00
89.62 100.00
98.50 100.00
97.44 100.00
97.00 100.00
98.06 100.00
97.74 100.00
98.29 100.00
98.36 100.00
97.87 100.00
96.82 100.00
97.05 100.00

101.67

102.63

99.24

99.82

100.16

101.06

97.79

95.45

100.78

100.13

99.77

99.74
95.17

99.10
90.35
98.27

99.73
101.89
100.82

99.87
100.40
100.13

101.35

101.40

99.09

102.23
100.05
100.09
99.99
100.88

104.01
98.00
88.80
88.46
91.65
102.85

102.63

104.78

98.64
100.92
96.63
96.57
96.93
99.67
99.00

102.96
101.73
102.24
101.39
103.55
102.31
103.12
102.64

106.24
100.74
98.83
101.90
104.71
104.67
105.87
104.88

98.93
99.06
98.85
99.19
98.26
99.27
98.64
99.06

100.00
100.00

101.11
101.60

93.57
102.93

97.71
99.45

90.93
93.31

100.00
100.00
100.00

97.14

100.00

100.00
94.48 100.00
97.29 100.00
96.83 100.00
101.03 100.00
95.42 100.00
97.07 100.00
100.00
95.81 100.00
97.34 100.00
94.77 100.00
9386 100.00
97.95 100.00
95.12 100.00
96.23 100.00

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Othgr
Services „.

102.36
104.15

96.80 100.00 103.75 108.80
94.66 100.00 106.63 11&66

97.31
96.39

102.93
110.66
106.74
102.92
101.68
104.84
101.10
101.64
96.83
104.81

10&36

109.42

110.66

117.42

118.62

124.26

113.82
122.60
115.11

111.87
127.38
116.54

119.94
131.96
118.84

106.85

107.49

108.80

104.11
113.37
101.99
102.99
94.12
109.89

104.71
113.01
102.44
103.48
94.28
111.31

106.29
114.33
101.57
102.87
91.44
112.72

107.39

10&62

109.03

113.83
130.76
123.77
141.65
125.44
112.05
107.46
122.52
102.98
102.67
105.38
117.65
110.16 111.56

104.08
108.65
102.65
112.78
109.45
104.69
108.10
112.54

104.59
111.48
106.12
115.19
109.54
105.15
110.05
114.87

105.10
108.88
97.61
116.46
110.23
105.86
111.36
115.75

105.93
111.57
101.84
118.16
111.01
106.28
114.29
116.98

106.54
113.09
102.72
120.10
112.00
107.06
117.77
119.44

107.25
114.70
104.81
121.40
113.17
108.17
121.62
120.55

98.63
108.09

102.36
109.55

104.35
110.64

99.57
112.16

102.09
114.12

102.88
115.70

104.66
117.10

102.08

102.19

102.48

102.78

103.08

103.44

104.01

104.50

96.70

96.32

95.83

95.29

94.34

93.67

93.22

92.75

99.35
94.39
98.92

99.02
93.37
98.57

98.96
92.32
98.94

91.46
98.52

89.61
97.97

99.03
88.01
97.66

98.86
86.84
97.02

85.56
97.31

99.54
84.33
96.29

101.17

101.32

101.55

101.20

101.15

101.46

101.78

102.19

103.47

104.20

101.91
100.98
97.83
97.46
100.82
101.01

102.46
99.94
98.72
98.85
97.65
100.90

102.91
99.50
99.15
99.34
97.53
101.07

103.39
98.15
92.94
92.75
94.50
101.78

103.60 104.21
97.93 98.07
89.63 87.44
89.26 87.03
92.77 90.99

106.35
95.79
100.11
100.88
94.22
107.31

102.38

102.94

103.46

101.71
101.97
103.26
101.12
102.36
101.65
101.92
101.58

102.59
101.54
101.62
101.48
103.39
102.10
102.75
102.43

103.39
101.59
101.79
101.45
103.81
102.59
103.72
102.98

104.14
101.81
102.28
101.51
104.63
102.90
104.08
103.57

105.47 105.79
95.89 96.82
84.06 94.71
83.79 95.44
86.26 89.13
106.17 106.52
106.19 106.63
108.22 109.02
100.61 100.42
97.85 97.87
102.30 101.99
105.27 105.88
106.58 107.00
106.74 107.12
106.23 106.58

104.00
101.07

99.63
101.55

100.19
101.76

100.64
102.01

105.34
109.98
105.51
115.30
109.26
103.67

112.43
127.95
121.09
137.90
123.99
111.15
106.82
121.72
102.28
102.34
101.69
116.12

115.11
133.20
124.61
146.14
127.82
113.01

107.95
124.36
104.46
104.44
104.40
118.87
112.79

Chain-type price indexes
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods

Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

,

'....'..

Addenda:
Energy goods and services l
Personal consumption expenditures less food and
energy.

95.63
98.30

1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.




102.45

103.11

104.83
97.83
85.19
84.82
88.34
104.07

104.56

105.04

105.60

104.90
100.78
99.61
101.49
104.54
103.71
105.26
103.99

105.72
100.97
99.43
101.90
104.46
104.40
105.90
104.76

106.66
100.66
98.49
101.99
104.94
104.98
106.06
105.08

107.68
100.55
97.78
102.24
104.91
105.61
106.28
105.69

96.11
102.35

94.28
102.77

92.71
103.13

91.19 90.63
103.47 103.84

96.19
104.17

107.21
109.56
100.67
98.82
101.82
105.89
107.60
108.49
107.28

104.48

SURVEY OF CURRENT BUSINESS

December 1999 •

103

Table 7.5.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product
[Index numbers, 1996=100]
Une
Chain-type quantity Indexes
Personal consumption expenditures

1995

1996

1997

96.80 100.00 103.75
94.66 100.00 106.63

Motor vehicles and parts
New autos (70)
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)

98.88
102.00
99.48
97.13
95.32

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

102.93
101.04
106.62
102.37
103.28

118.66
113.87
111.43
112.04
119.23
109.41

Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio goods, including musical instruments, and
computer goods (91).
Video and audio goods, including musical instruments (92)
Computers, peripherals, and software (93)
Other durable house furnishings (32)

90.93
94.50
96.87
92.77
84.11

100.00

110.66 125.55
106.32 11250
103.30 109.61
107.48 113.87
12155 155.68

95.07 100.00
61.92 100.00
94.62 100.00

106.85 120.90
161.77 271.00
105.13 112.95

Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)

93.31
91.15
94.85

100.00
100.00
100.00

106.74
108.62
107.12

115.78
116.60
118.17

91.10
96.03

100.00
100.00

106.26
105.57

118.37
107.62

Nondurable goods
Pood
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).
Addenda: Food excluding alcoholic beverages (8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)
Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes
Men's and boys' clothing and accessories except shoes (15+16)
!

.

Other
lODdcco products i» j •••«•••«••«••»#••••••••••••••

Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45)
Nondurable toys and sport supplies (89)
Stationery ana writing supplies (35)
Net foreign remittances (111 less 113)
Magazines, newspapers, and sheet music (88)
Flowers, seeds, and potted plants (95)

See note at the end of the table.




97.14

100.00 102.92 107.07

98.86
99.37
98.03
99.61

100.00
100.00
100.00
100.00

101.68
100.79
103.09
101.32

104.40
103.63
105.69
102.27

98.95

100.00
100.00

101.53
102.26

103.97
106.98

97.40

100.00

103.32

10856

94.48 100.00
94.73 100.00
93.94 100.00

104.84
10350
105.11

113.00
108.29
114.04

95.32

100.00

105.16

113.47

9759
96.83
101.03

100.00
100.00
100.00

101.10
101.64
96.83

101.70
102.83
92.82

95.42
99.87
94.04
93.74
97.34

100.00
100.00
100.00
100.00
100.00

104.81
97.73
105.20
107.65
102.44

110.47
95.03
110.13
116.79
10655

93.79
93.70
98.36

100.00
100.00
100.00

106.17
107.06
102.04

11251
120.80
106.02

98.81
89.79

100.00
100.00

105.89
107.54

'iiT.97
112.47

1995

1996

1997

97.07

103.60 107.80

Transportation
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab (80)
Purchased intercity transportation
Railway (82V
Bus (83) ..
Airline (84)
Other (85)..

93.86
93.49
92.83

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

96.04
101.68
101.62
101.80
93.21
102.01
93.12
92.93
93.66

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

102.50
10353
103.75
102.10
103.75
106.56
103.89
104.58
98.59

Medical care
Physicians (47)
Dentists (48)
Other professional services (49)
Hospitals and nursing homes (50) .
Health insurance (56)

97.95
97.32
100.63
95.99
97.64
104.15

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

102.04 104.91
102.54 106.56
102.81 103.84
100.58 103.45
102.56 105.04
102.31

Services
,

Durable goods

Gasoline, fuel oil, and other energy goods
Gasoline and oil (75)
Fuel oil and coal (40)

Une

1998

Housing
Owner-occupied nonfarm dwellings—space rent (24)
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)
...........

98.86
98.32
100.52
101.99
98.15

Household operation
Electricity (37)
Gas (38)
Water and other sanitary services (39).
Telephone and telegraph (41)
Domestic service (42)
Other (43)

95.81
99.16
92.49
97.70
90.71
100.67
100.16

Recreation
Admissions to specified spectator amusements (96)
Other(94+100+101+102+103)
Other
Personal care
Cleaning, storage, and repair of clothing and shoes (17)
Barbershops, beauty parlors, and health clubs (22)
Other (19)
Personal business
Brokerage charges and investment counseling (61)
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers (63).
Expense of handling fife insurance and pension plans (64) ....
Legal services (65)
Funeral and burial expenses (66)
Other (67).
Education and research
Higher education (105) ...
Nursery, elementary, and secondary schools (106)
Other (107)
..
Religious and welfare activities (108)
Net foreign travel
Foreign travel by U.S. residents (110)
Less: Expenditures in the United States by nonresidents (112)

95.12
97.20
94.87
9653
94.97
97.65
98.29
89.84
96.24
83.44
94.34

101.81
102.44
100.13
96.96
101.18

10458
105.62
101.09
94.93
100.81

103.09
100.03
96.50
103.10
106.82
99.06
108.93

108.53
106.42
86.54
105.37
118.01
112.00
113.43

105.68
10652
107.24

109.34
109.87
111.06
105.58
107.15
108.46
104.35
107.39
108.29
104.32
108.03
104.80

104.22
103.97
104.25

109.27
109.15
10959

106.67
102.72
103.66
104.60
100.11
109.74
118.15
106.46

113.54
106.00
101.59
107.74
106.69
116.18
140.82
120.49

95.08 100.00 114.75 121.75
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
96.06 "ioo!oo
100.00

103.98
102.75
100.57
104.98
103.11
100.90
102.41
108.87
99.40

101.36
104.46
101.07
111.47
106.38
100.89
103.19
122.09
105.39

102.78

T1&89
100.46

104

9

SURVEY OF CURRENT BUSINESS

December 1999

Table 7.5.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Type of Product—Continued
[Index numbers, 1996=100]
Line
Chain-type price indexes
Persona! consumption expenditures ...
Durable goods
Motor vehicles and parts
New autos (70)
Net purchases of used autos (71)
Other motor vehicles (72)
Tires, tubes, accessories, and other parts (73)....
Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Video and audio goods, including musical instruments, and
computer goods (91).
Video and audio goods, including musical instruments (92) ....
Computers, peripherals, and software (93)
Other durable house furnishings (32)
Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, sports and photographic equipment, boats, and
pleasure aircraft (90).
Jewelry and watches (18)
Books and maps (87)
Nondurable goods
Food
Food purchased for off-premise consumption (3)
Purchased meals and beverages (4)
Food furnished to employees (including military) and food
produced and consumed on farms (5+6).
Addenda: Food excluding alcoholic beverages (8)
Alcoholic beverages purchased for off-premise
consumption (9).
Other alcoholic beverages (10)
Clothing and shoes
Shoes (12)
Women's and children's clothing and accessories except shoes
(14).
Men's and boys' clothing and accessories except shoes (15+16)
Gasoline, fuel oil, and other energy goods
Gasoline and oil (75)
Fuel oil and coal (40)
Other
Tobacco products (7)
Toilet articles and preparations (21)
*
Semidurable house furnishings (33)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (34).
Drug preparations and sundries (45) . .
..........
Nondurable toys and sport supplies (89)
Stationery and writing supplies (35)
.
Net foreign remittances (111 less 113)
Magazines, newspapers, and sheet music (88)
Flowers, seeds, and potted plants (95)

1995

1996

Services

102
103
104
105
106
107
108
109
110
111
112
113

98.01

100.00

101.67

102.63

101.06

100.00

97.79

95.45

98.37
98.45
97.70
97.87
100.18

100.00
100.00
100.00
100.00
100.00

99.74
100.08
97.41
101.01

99.44

99.10
99.31
96.37
100.82
98.57

104.49
9866
100.10
101.18
114.37

100.00
100.00
100.00
100.00
100.00

95.17
99.90
99.48
99.36
86.64

90.35
99.69
98.21
101.10
74.37

114
115
116

104.29
144.01
99.68

100.00
100.00
100.00

95.93
68.72
100.44

9154
47.56
100.84

117
118
119

100.27
98.44
100.02

100.00
100.00
100.00

101.54
99.41

9827
103.40
98.30

120
121

103.74
96.46

100.00
100.00

96.11
101.17

92.59
103.97

122

97.93

100.00

101.35

101.40

123
124
125
126

97.27
97.07
97.58
97.53

100.00
100.00
100.00
100.00

102.23
101.87
102.79
102.62

104.01
103.12
105.39
104.15

9756
97.68

100.00
100.00

10252
101.60

104.01
102.18

96.86

100.00

103.37

106.42

101.42
100.75
102.45

100.00
100.00
100.00

100.05
99.85
99.78

98.00
98.87
96.90

99.94

100.00

100.65

99.53

94.21

100.09
99.99
100.89

88.46
91.65

98.50
97.04
99.72
10255
97.61

100.88
104.64
10050
97.86
101.01

102.85
117.91
101.72
95.72
102.70

97.88
99.45

101.48
99.07
104.40

103.73
94.41
107.16

96.08
10353

NOTE.—The figures in parentheses are the line numbers of the corresponding items in table 2.4.




1997

'ioi".6o
96.84

'10353
98.11

Housing
Owner-occupied nonfarm dwellings—space rent (24) .
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)
Household operation.
Electricity (37)
Gas (38)
Water and other sanitary services (39).
Telephone and telegraph (41)
Domestic service (42)
Other (43)
Transportation
User-operated transportation
Repair, greasing, washing, parking, storage, rental, and leasing
(74).
Other user-operated transportation (76+77)
Purchased local transportation
Mass transit systems (79)
Taxicab (80)
Purchased intercity transportation
Railway (82)
Bus (83)
Airline (84)
Other (85)
Medical care
Physicians (47) ..
Dentists (48)
Other professional services (49) ....
Hospitals and nursing homes (50) .
Health insurance (56)..

Recreation .
Admissions to specified spectator amusements (96) .
Other (94+100+101+102+103)
Other
P d r s o n d l cdTQ ••••*•••••••
•
•••••••••••t
•«# ••« •••
Cleaning, storage, and repair of clothing and shoes (17) .........
Barbershops, beauty parlors, and health clubs (22)
Other (19)
Personal business
Brokerage charges and investment counseling (61)
,
Bank service charges, trust services, and safe deposit box
rental (62).
Services furnished without payment by financial intermediaries
except life insurance carriers (63).
Expense of handling life insurance and pension plans (64) ....
Legal services (65)
Funeral and burial expenses 66
Other (67)
Z.,
Education and research .,
Higher education (105)
Nursery, elementary, and secondary schools (106)
Other (107)
Religious and welfare activities (108)
Net foreign travel
Foreign travel by U.S. residents (110)
Less: Expenditures in the United States by nonresidents (112)

Line

1995

1996

1997

148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163

97.44

102.63

104.78

102.96
102.90
102.80
105.99
10457

10654
106.14
105.99
111.72
108.56

101.73
100.51
106.87
102.51
10053
102.55
102.79

100.74

98.36
97.88
98.09

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

103.55
103.34
101.42

104.71
105.05
103.18

164
165
166
167
168
169
170
171
172

97.11
91.02
91.39
90.22
103.39
93.87
98.11
104.93
98.19

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

110.79
10258
101.52
103.93
105.03
99.90
100.36
106.09
101.47

112.32
100.84
100.42
101.75
104.23
102.33
105.86
104.39
103.06

173
174
175
176
177
178
179
180
181
182
183
184
185
186
187

97.87
99.31
95.60
98.27
97.20
98.51

102.31
101.34
104.65
103.94
101.94
102.83

104.67
103.51
109.08
106.45
104.37
103.38

103.12
102.82
103.16

105.87
105.00
105.98

97.05
97.78
98.39
96.91
98.40
97.13
101.27
94.64

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

102.64
102.81
102.44
103.39
102.40
10256
99.67
104.91

104.88
104.38
103.67
105.52
103.53
104.56
97.19
107.86

190

98.71

100.00

100.09

101.34

191
192
193
194
195
196
197
198
199
200
201
202

94.05
96.62
95.32
9654
96.09
95.85
96.61
96.15
97.28

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

105.33
104.07
10550
10359
103.60
103.83
103.27
103.42
102.99

110.82
108.81
109.11

97.70
97.47

100.00
100.00

101.81
102.15

99.52
103.25

97.00
96.92
97.48
95.19
95.84
98.06
98.38
96.00
96.49
99.69
97.18
97.12

96.82
95.29
97.01

96.64
104.85
105.87
98.70
105.44
104.96

106.97
107.72
106.35
105.97
105.68

December 1999

SURVEY OF CURRENT BUSINESS

•

10$

Table 7.6.—Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type
[Index numbers, 1996=100]
Seasonally adjusted

Une

1995

1996

1997

1996

1998

1

II

1997

1999

1998

III

IV

I

II

III

IV

I

II

III

IV

101.56

103.10

105.07

I

II

III

Chain-type quantity indexes

1

91.46

10000

108.52

12137

96.08

99.26

107.25

11033

111.43

117.44

120.95

121.55

125.55

12a30 130.37 132.99

2

90.89

100.00

110.71

124.80

95.80

9a46 101.65 104.09 106.50 109.05

113.18

114.09

121.03

124.54

124.56

129.06

131.49

133.74

137.98

Structures
Nonresidential buildings, including farm
Utilities
.".
Mining exploration, shafts, and wells
Other structures

3
4
5
6
7

93.39
91.29
102.11
86.44
120.79

100.00
100.00
100.00
100.00
100.00

10a45
108.42
98.98
125.12
104.37

112.93
114.18
105.31
120.22
100.28

95.95
94.90
100.18
92.74
109.91

98.38
97.94
99.10
99.39
102.50

100.18
100.49
98.54
101.97
95.37

105.49
106.68
102.19
105.91
92.22

107.55
108.30
97.26
124.05
88.73

106.46
106.05
98.35
127.36
88.59

109.31
110.42
100.00
120.45
95.66

110.48
108.92
100.31
128.63
144.51

112.03
112.43
104.21
125.74
98.61

113.98
114.40
104.58
128.34
106.53

112.05
113.94
105.09
114.94
95.89

113.64
115.95
107.38
111.86
100.09

111.96
115.42
105.81
102.30
96.84

110.44
112.07
105.42
106.95
115.18

110.02
109.87
107.27
120.33
99.50

Equipment and software
Information processing equipment and software
Computers and peripheral equipment1
Software2
Other
Industrial equipment
Transportation equipment
Other

8
9
10
11
12
13
14
15

90.08
84.50
69.40
86.18
93.27
96.26
92.29
94.97

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

111.48
118.13
139.67
114.98
109.41
103.53
107.73
109.32

129.09
145.69
217.67
135.81
121.33
108.56
126.19
118.33

95.75
94.58
89.09
95.33
97.14
99.36
93.75
96.83

97.94
95.86
98.42
98.69
101.11
96.98
98.57

102.15
102.21
104.33
101.32
101.67
99.47
104.97
101.72

103.61
105.27
110.72
104.93
102.50
100.06
104.31
102.88

106.13
110.32
121.03
109.28
105.22
99.39
104.35
106.05

109.94
114.87
132.88
112.60
107.09
103.42
107.33
108.75

114.52
121.90
148.26
116.82
112.31
104.93
111.55
111.55

115.32
125.44
156.51
121.21
113.04
106.37
107.70
110.92

124.24
135.33
185.34
127.11
118.01
107.77
125.41
115.74

12a33
142.52
207.30
132.65
120.61
108.41
127.40
119.62

129.09
148.79
226.43
138.65
122.28
108.99
118.22
120.78

134.70
156.14
251.60
144.82
124.40
109.09
133.75
117.17

138.74
163.75
272.99
148.87
130.09
106.30
137.34
122.50

142.47
174.39
300.52
154.54
138.89
107.42
137.90
119.19

14a55
183.98
332.55
160.80
144.15
109.87
149.00
116.35

Private fixed Investment
Nonresidential

16

93.13

100.00

102.35

111.78

96.91

101.56

101.30

100.24

100.98

102.15

102.30

103.96

107.43

110.91

113.07

115.74

119.30

120.91

119.43

Structures
Single family
Multifamily
Other structures

17
18
19
20

93.05
92.80
90.45
93.78

100.00
100.00
100.00
100.00

102.33
100.41
107.75
103.87

111.84
113.32
107.06
110.80

96.89
97.08
99.39
96.25

101.58
101.49
107.58
100.72

101.32
101.68
95.19
101.86

100.21
99.76
97.84
101.16

100.96
99.44
106.17
102.03

102.14
100.41
109.04
103.21

10Z27
99.93
104.52
104.87

103.95
101.87
111.25
105.38

107.44
106.91
113.70
107.07

110.94
111.76
106.34
110.70

113.14
115.64
104.36
111.50

115.84
118.98
103.85
113.93

119.38
123.05
114.69
115.49

120.96
123.02
112.78
119.77

119.41
120.77
112.19
118.94

Eauloment

21

96.32

100.00

103.06

109.41

97.54

100.79

100.24

101.44

101.77

102.34

103.82

104.32

106.86

109.36

109.96

111.47

115.80

118.66

120.53

22

100.14

100.00

99.95

99.20

100.04

99.84

100.08

100.05

100.00

99.92

100.03

99.86

99.38

99.15

99.16

99.11

99.19

99.17

99.15

23

100.93

100.00

99.04

97.22

100.40

99.97

99.92

99.71

99.45

99.17

98.98

98.56

97.90

97.36

97.03

96.60

96.38

96.04

95.72

Structures
Nonresidential buildings, including farm
Utilities
......
Mining exploration, shafts, and wells
Other structures

24
25
26
27
28

97.39
97.80
97.30
94.58
96.78

100.00
100.00
100.00
100.00
100.00

104.14
103.22
102.28
113.80
103.03

107.37
106.72
103.31
118.51
105.26

98.87
98.96
99.17
97.41
99.39

99.42
99.46
99.51
98.85
99.74

100.44
100.51
100.06
100.71
100.11

101.28
101.08
101.27
103.04
100.76

102.34
101.80
101.40
108.05
101.61

103.50
102.57
102.16
112.37
102.77

104.85
103.77
102.71
116.09
103.27

105.86
104.72
102.87
118.67
104.45

106.11
105.11
103.10
118.06
104.86

106.85
106.05
103.14
118.52
104.81

107.79
107.23
103.49
118.70
105.54

10a73
108.50
103.52
118.75
105.81

109.07
109.35
102.85
116.65
106.01

109.67
110.29
102.89
115.19
106.89

110.56
111.35
103.48
115.43
107.28

Equipment and software
Information processing equipment and software
Computers and peripheral equipment 1
Software2
Other
Industrial equipment
Transportation equipment
Other

29
30
31
32
33
34
35
36

102.12
107.91
131.29
101.89
100.65
97.98
98.39
97.61

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

97.37
92.94
77.51
97.45
99.55
100.73
100.81
101.03

94.01
85.26
57.38
95.54
98.50
101.37
100.38
102.42

100.91
103.00
111.05
101.03
100.01
99.59
99.14
99.39

100.16
100.64
101.85
100.32
100.10
99.78
99.91
99.64

99.74
98.98
96.26
99.62
99.96
100.14
100.52
100.22

99.19
97.38
90.84
99.02
99.94
100.49
100.43
100.75

98.49
95.57
85.52
98.28
99.64
100.57
100.75
100.89

97.74
93.83
79.85
97.99
99.52
100.59
100.73
101.03

97.06
92.05
74.63
97.12
99.66
100.79
101.25
100.98

96.18
90.32
70.05
96.43
99.39
100.98
100.49
101.23

95.25
88.21
64.71
95.72
99.06
101.05
100.30
101.75

94.34
86.18
59.64
95.60
98.52
101.23
100.15
102.05

93.64
84.35
54.92
95.63
98.31
101.48
100.41
102.64

92.81
82.31
50.22
95.20
98.10
101.73
100.65
103.25

92.44
81.17
47.23
95.64
97.94
101.94
101.20
103.66

91.86
80.08
44.82
95.66
97.71
101.87
101.05
103.80

91.23
79.14
42.69
95.90
97.46
101.96
100.43
103.61

Residential

Chain-type price indexes
Private fixed investment

.

Nonresidential

37

97.91

100.00

102.68

105.30

99.00

99.44

100.53

101.03

101.60

102.14

103.18

103.80

103.88

104.64

105.76

106.93

107.97

10a93 109.92

Structures.
Single family
Multifamily
Other structures

38
39
40
41

97.87
98.20
97.32
97.55

100.00
100.00
100.00
100.00

102.75
102.92
104.50
10225

105.45
105.06
112.40
104 80

98.98
98.95
98.69
99.05

99.44
99.22
99.15
99.77

100.54
100.66
100.78
10036

101.04
101.14
101.51
10083

101.61
101.80
102.16
10128

102.19
102.34
103.27
10182

103.28
103.47
105.32
10269

103.91
104.05
107.17
10320

103.98
103.53
108.37
10377

104.78
104.29
110.46
10441

105.91
105.45
113.61
10521

107.12
106.79
117.59
10582

108.20
108.19
118.92
10644

109.20
109.15
119.98
10748

110.21
110.28
121.22
10831

Equipment

42

99.40

100.00

99.98

99.54

99.84

99.44

100.06

100.66

101.17

100.03

99.54

99.19

99.88

99.27

99.75

99.28

9aeo

97.87

97.96

Residential

1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.




SURVEY OF CURRENT BUSINESS

106 • December 1999

Table 7.7,—Chain-Type Quantity and Price Indexes for Private Fixed
Investment in Structures by Type

Tabie 7.8.—Chain-Type Quantity and Price Indexes for Private Fixed
Investment in Equipment and Software by Type

[Index numbers, 1996-100]

[Index numbers, 1996-100]
Line

1995

1996

1997

Chain-type quantity indexes
Private fixed Investment in structures ,

New
Presidential buildings, excluding farm .,
Industrial
Commercial
Office buildings
Other 2
Religious, educational, hospital and institutional, and other
Utilities
Railroads
Telecommunications
Electric light and power.,
Gas
,
Petroleum pipelines
Farm ...,
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Other
Brokers' commissions on sale of structures
Net purchases of used structures
Residential
New
New housing units
Permanent site
Single-family structures ...
Multifamily structures
Manufactured homes
Improvements
Other 5

93.19
93.39
93.40
91.45
101.77
91.92
93.91
90.53
83.43
102.11
83.24
99.44
126.54
82.00
92.32
84.25
86.44
86.49
85.84
123.21
91.39

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

104.93
108.45
108.12
108.59
93.03
110.40
119.18
104.24
116.46
98.98
108.25
105.96
98.34
84.71
93.01
101.04
125.12
127.52
96.15
91.22
109.42

112.29
112.93
113.05
114.52
92.58
119.10
139.56
104.75
122.14
105.31
115.92
120.56
99.36
83.00
119.31
99.65
120.22
120.98
112.20
104.46
113.89

93.05
93.40
92.52
92.54
92.80
90.45
92.22
95.66

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

102.33
101.48
101.42
101.25
100.41
107.75
103.85
101.39
133.80
110.32

111.84
110.25
112.74
112.56
113.32
107.06
115.24
103.76
149.65
125.98

Brokers' commissions on sale of structures
Net purchases of used structures

Nonresidentiai
New
Nonresidentiai buildings, excluding farm .,
Industrial
Commercial
Office buildings
Other 2
Religious, educational, hospital and institutional, and other 3
Utilities
Railroads
Telecommunications
Electric light and power
Gas
Petroleum pipelines
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
.!.
Other 4
Brokers' commissions on sale of structures
Net purchases of used structures
Residential
New
New housing units ..
Permanent site ....
Single-family structures
Multifamily structures
Manufactured homes
Improvements
5

Other

Brokers' commissions on sale of structures
Net purchases of used structures

97.67
97.39
97.39
97.80
97.80
97.80
97.80
97.79
97.80
97.30
95.85
94.78
98.94
99.11
99.15
97.79
94.58
94.30
97.79
96.59
98.27
97.83
97.87
97.87
98.04
98.10
98.20
97.32
97.18
97.45
98.20
97.90
98.21

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

103.35
104.14
104.15
103.22
103.22
103.21
103.22
103.20
103.22
102.28
103.38
101.74
102.13
102.67
102.65
103.22
113.80
114.60
103.20
103.35
101.89
102.53
102.75
103.05
103.01
103.10
102.92
104.50
101.67
103.15
102.87

106.28
107.37
107.38
106.72
106.74
106.71
106.74
106.68
106.74
103.31
104.36
101.74
103.90
104.46
104.46
106.75
118.51
119.40
106.76
105.29
106.22
107.05
105.45
105.69
105.71
105.91
105.06
112.40
103.02
105.65
105.01

100.00 100.70
100.00 102.96

103.70
105.00

1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. "Other" consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and of fraternity and sorority houses.




Private fixed investment in equipment and software
Nonresidentiai equipment and software

1995

1996

1997

1998

1

90.15

100.00

111.38

128.86

2

90.08

100.00

111.48

129.09

3
4

84.50
69.40
86.18
89.22
95.53
105.40
95.79

100.00
100.00
100.00
100.00
100.00
100.00
100.00

118.13
139.67
114.98
112.47
104.75
107.27
107.80

145.69
217.67
135.81
130.93
108.64
104.90
126.82

Information processing equipment and software
Computers and peripheral equipment1
Software2
Communication equipment
Instruments
Photocopy and related equipment
Office and accounting equipment

5
6
7
8
9

Industrial equipment
Fabricated metal products
Engines and turbines .
Metalworking machinery
Special industry machinery, n e e
General industrial, including materials handling, equipment
Electrical transmission, distribution, and industrial apparatus

10
11
12
13
14
15
16

96.26
90.76
83.64
98.81
97.41
96.62
96.09

100.00
100.00
100.00
100.00
100.00
100.00
100.00

103.53
97.97
80.28
110.01
100.78
104.75
104.80

108.56
103.73
96.58
113.62
101.16
114.32
110.05

Transportation equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment ....

17
18
19
20
21
22

92.29
89.22
93.10
107.93
79.81
101.01

100.00
100.00
100.00
100.00
100.00
100.00

107.73
112.32
97.47
116.77
96.21
105.88

126.19
126.51
94.49
225.88
129.34
141.40

Other equipment
Furniture and fixtures .
Tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e c
Other
„..„.

23
24
25
26
27
28
29
30
31

95.05
96.63
101.48
95.74
88.83
95.91
96.82
92.22
94.60

100.00
100.00
10000
100.00
100.00
100.00
100.00
100.00
100.00

108.78
111.14
10728
105.71
111.12
108.48
100.01
111.27
110.82

118.45
119.51
113 31
110.56
124.75
161.35
107.60
123.68
117.77

Less: Sale of equipment scrap, excluding autos

32

96.82

100.00

95.80

122.70

33

96.32

100.00

103.06

109.41

34

102.09

100.00

97.40

94.07

35

102.12

100.00

97.37

94.01

Information processing equipment and software
Computers and peripheral equipment1
Software2
Communication equipment
Instruments
Photocopy and related equipment
Office and accounting equipment

36
37
38
39
40
41
42

107.91
131.29
101.89
102.54
98.63
97.03
101.07

100.00
100.00
100.00
100.00
100.00
100.00
100.00

92.94
77.51
97.45
98.93
100.57
100.19
99.47

85.26
57.38
95.54
97.33
100.60
98.87
99.37

Industrial equipment
Fabricated metal products
Engines and turbines .
Metalworking machinery
Special industry machinery, n e e
General industrial, including materials handling, equipment
Electrical transmission, distribution, and industrial apparatus

43
44
45
46
47
48
49

97.98
96.89
98.18
97.88
97.62
98.22
99.02

100.00
100.00
100.00
100.00
100.00
100.00
100.00

100.73
100.27
101.98
100.43
101.03
101.14
100.16

101.37
100.21
102.88
101.19
101.86
102.01
100.34

Transportation equipment
Trucks, buses, and truck trailers
Autos ..
Aircraft
Ships and boats
Railroad equipment

50
51
52
53
54
55

96.39
99.40
97.20
96.84
97.50
97.58

100.00
100.00
100.00
100.00
100.00
100.00

100.81
99.50
103.50
101.39
102.41
98.44

100.38
98.49
103.68
101.83
103.97
99.06

Other equipment
Furniture and fixtures
Tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e c
Other

56
57
58
59
60
61
62
63
64

98.15
97.75
98.89
97.50
97.80
97.44
97.95
100.38
98.05

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

101.08
101.70
100.40
101.29
101.69
101.84
101.75
98.42
100.80

101.84
102.21
100.93
102.32
103.51
103.10
102.75
97.68
101.50

Less: Sale of equipment scrap, excluding autos

65

111.05

100.00

102.19

87.01

66

99.40

100.00

99.98

99.54

Residential equipment
Chain-type price indexes
Private fixed Investment in equipment and software

Chain-type price indexes
Private fixed investment in structures ,

Line
Chain-type quantity indexes

Nonresidentiai equipment and software

Residential equipment

n.e.c. Not elsewhere classified.
1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.

December 1999 • XOJ

SURVEY OF CURRENT BUSINESS

Table 7.9.—Chain-Type Quantity and Price Indexes for Exports and imports of Goods and Services and for Receipts and Payments of Income
[Index numbers, 1996=100]

Line

Chain-type quantity Indexes
Exports of goods and services
Goods1 .?.
Durable
Nondurable
Services *

1995

1996

1997

92.37 100.00 112.73
91.97 100.00 114.51
89.65 100.00 118.17
97.09 100.00 106.68
93.36 100.00 108.49

115.21
116.89
121.78
106.40
111.19

1997

1996

1998

96.73
96.89
95.58
99.72
96.34

97.92
98.00
97.72
99.44

99.19
99.81
100.52
98.27
97.73

105.72
105.39
105.90
104.29
106.49

107.97
108.99
111.26
104.12
105.55

112.09
113.66
117.34
105.77
108.36

115.18
117.20
122.13
106.65
110.37

115.68
118.21
121.96
110.18

115.23
117.38
122.26
106.91
110.13

114.07
114.69
118.99
105.50
112.48

113.60
115.14
120.35
103.92
109.93

117.92
120.35
125.52
109.25
112.22

116.27
117.46
122.89
105.78
113.35

117.41
118.71
123.99
107.39
114.24

120.71
123.16
129.71
109.02
115.00

99.89 105.10 108.17 114.37 116.44 114.08 116.26 116.84 110.06 111.58 112.41 116.72 121.65

Income receipts

96.29 100.00 113.26 113.69

97.95

97.06

Imports of floods and services
Goods1 ...
Durable
Nondurable
Services1

92.05
91.43
90.33
93.72
95.40

126.89
127.62
131.30
120.56
123.21

95.64
95.22
95.26
95.13
97.86

98.68
98.65
98.33
99.28
98.85

income payments

94.72 100.00 120.62 127.28

93.76

96.95 102.83 106.46 114.73 119.42 125.08 123.23 124.56 126.45 130.05 12aO7 127.79 132.36 13a89

Chain-type price indexes
Exports of goods and services
Durable'''.!!!!!!!!!'.!'.!!'.!!!!'.!!!!'.!'.!!"!!!'.!'.!!'.!'.!!!
Nondurable
Services l ...
nconi© rooo
Imports of goods and services
Goodsx ...
Durable
Nondurable
Services1
income payments

101.38
102.65
104.29
99.26
98.30

100.00
100.00
100.00
100.00
100.00

113.72
114.21
116.23
110.34
111.19

100.00 98.23
100.00 97.29
100.00 97.03
100.00 97.89
100.00 100.56
100.00
100.00
100.00
100.00
100.00

96.45
95.88
94.76
98.12
99.47

99.42

99.71

107.43
107.60
109.61
103.82
106.52

112.22
112.90
114.60
109.63
108.76

08.36 100.00 101.45 101.95

99.55

116.86
117.42
119.24
113.89
113.99

1ia35
118.92
121.46
114.02
115.47

98.47 98.50
97.76
97.81 97.55 97.24 96.57
97.61 97.26 96.96 96.30
98.28 98.20 97.88 97.22
100.10 100.88 100.54 100.73

122.41
122.87
126.22
116.47
120.01

126.21
126.87
130.00
120.90
122.83

127.81
128.40
131.40
122.71
124.75

96.72 96.27 95.57
95.44 94.71 93J0
95.70 95.21 94.46
94.78 93.49 91.85
99.95 100.20 100.27

131.14
132.33
137.58
122.15
125.24

95.25
93.15
94.14
90.72
100.55

135.07
136.33
141.30
126.71
128.81

95.13
92.83
93.91
90.16
100.94

139.69
141.34
147.66
129.07
131.58

144.52
147.07
154.77
132.22
132.12

95.30 95.59
92.69 92.86
93.68 93.44
90.26 91.46
101.88 102.47

100.13 100.68 101.24 101.45 101.74 102.00 101.97 102.09 102.26 102.49 102.80 103.31 103.74

91.31 100.87 100.42 99.28 99.43 98.27 96.43
90.19 101.15 100.54 99.13 99.18 97.94 95.73
95.08
90.85 103.03 100.86 99.00 97.10
88.74 97.49 99.90 99.36 103.25 1Q2J0 97.02
97.29 99.40 99.75 100.11 100.74 100.02 100.16

95.85
95.23
94.58
96.55
99.10

95.24
94.61
93.53
96.80

92.57
91.87
92.19
91.13
96.32

91.63
90.55
91.18
89.18
97.36

90.55
89.30
90.17
87.43
97.21

90.48
87.24
98.26

89.81
88.38
89.76
85.40
97.43

90.96
89.46 90.73
89.09 88.72
90.29 95.25
99.03 100.95

99.77 100.11 100.57 101.06 101.38 101.53 101.84 101.63 101.84 102.08 102.25 102.58 103.09 103.53

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.




10163
104.00
104.25
103.51
101.65

95.95 100.89 100.55 99.79 9a 77
94.25 101.40 100.92 99.67 98.01
94.88 102.09 100.68 99.31 97.93
92.71 99.93 101.44 100.43 98.19
100.24 99.66 99.62 100.09 100.63

98.22 100.00 101.61 102.20
101.83
102.51
105.95
95.93
98.31

102.05
102.13
102.16
102.08
101.64

108 • December 1999

SURVEY OF CURRENT BUSINESS

Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1997

1996
i

II

III

IV

I

1999

II

Chain-type quantity Indexes
Exports of goods and services
Exports of goods 1

91.97

Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...,
Computers, peripherals, and parts
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Exports of services 1

.

Transfers under U.S. military agency sales
contracts.
Travel
Other transportation
Royalties and license fees
Other private services
Other
imports of goods and services
inftDOivS Oi QOOCIS

100.00 112.73 115.21
100.00 114.51 116.89
101.54 100.00 100.16
99.28
95.52 100.00 108.61 107.43
94.41 100.00 109.05 110.83
96.14 100.00 108.36 105.50
86.31 100.00 122.84 128.12
88.24 100.00 129.88 165.96
76.13 100.00 131.31 136.93
88.65 100.00 119.61 119.03
96.12 100.00 112.94 111.45
93.18 100.00 109.62 112.30
92.89 100.00 110.35 112.66
93.48 100.00 108.86 111.92
95.68 100.00 114.00 122.15
93.36 100.00 10a49 111.19
93.91 100.00 117.37 117.26
92.37

*t»»oomi§»f••••^^••••••••••••••••••••••••••••»««*

Industrial supplies and materials, except petroleum
and products.
Durable goods
Nondurable goods
Petroleum and products ...
Capital goods, except automotive ......
Civilian aircraft, engines, and parts
Computers, peripherals, and parts .
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
,
Nondurable goods
,
Other
.?.
imports of services

93.06
92.68
102.78
95.34
89.10
94.70
92.05
91.43
94.47
93.38
92L91
85.05
88.22
78.53
87.42
96.63
93.29
92.69
93.96
94.63
95.40

Direct defense expenditures .
Passenger fares
,
Other transportation .
Royalties and license fees .
Other private services ....
Other..

90.66
96.28
93.92
101.46
90.21
92.63
97.73

Addenda:
Exports of agricultural goods 2 .„
Exports of nonagricultural goods ,
Imports of nonpetroleum goods ,

102.28
90.91
91.31

Travel

,

See note at the end of the table.




100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

105.72 107.97 112.09 115.18 115.68
105.39 108.99 113.66 117.20 118.21
101.71
97.27 107.06
97.60
96.72 103.98
98.99
97.33
98.42
97.57
99.81 104.20 104.76 108.67 110.19 110.83
95.71
99.25 101.79 103.26 105.08 109.31 109.90 111.91
99.97
96.61
98.70 104.72 104.58 108.31 110.35 110.22
95.50
97.54
99.21 107.75 114.24 121.51 128.19 127.41
87.31
96.18
97.06 119.45 124.33 128.82 134.39 131.99
95.68
96.81 100.75 106.76 119.36 131.28 139.82 134.78
96.80
97.98
99.26 105.96 111.26 117.96 124.41 124.83
96.07
97.83 104.76 101.34 107.61 111.82 116.38 115.94
97.80
98.55
99.86 103.79 107.15 110.05 110.11 111.18
96.36
98.13 100.65 104.86 106.44 111.68 112.16 111.12
99.30
98.98
99.04 102.69 107.90 108.35 107.96 111.24
92.40 101.39
106.52 110.12 113.55 113.77 118.58
96.34 99.44 97.73 106.49 105.55 108.36 110.37 109.68
96.24 102.23 118.85 107.19 129.75 122.90 109.62
82.69

126.28

114.07
114.69
97.41
106.66
109.92
104.81
123.94
144.24
133.63
118.02
110.65
112.08
112.09
112.06
120.81
112.48
123.23

113.60
115.14
92.48
105.65
107.96
104.34
128.37
174.48
139.59
117.22
103.92
113.98
114.83
113.09
117.57
109.93
109.26

110.28

116.27 117.41 120.71
117.46 1ia71 123.16
95.32 100.96 106.45
104.28 106.44 108.13
111.86 113.96
101.16 103.31 104.78
130.16 129.67 138.70
172.66 148.09 163.17
143.22 153.55 162.88
119.41 121.66 129.43
108.47 113.83 115.08
113.21 112.57 114.17
110.56 113.26 115.89
115.96 111.86 112.40
140.12 139.91 133.97
113.35 114.24 115.00
113.27 109.96 111.26

95.52
105.40
100.22
108.62
127.51
116.48

99.62
96.03
104.98
118.76
127.16
118.06

101.32
96.73
106.14
111.73
131.26
118.99

127.81

131.14

135.07

12a40

132.33

136.33

119.42
122.48

119.84
120.69

122.46 128.95 132.02
120.73 123.45 127.24

127.01
117.66
116.69
144.82
168.42
165.34
134.72
111.93
131.06
131.19
130.95
131.76

126.06
114.99
108.87
148.92
179.71
179.65
134.69
124.62
132.07
133.96
130.13
149.25

124.75
116.46
110.75
152.37
163.05
191.36
137.60
132.17
136.97
135.34
138.71
155.04

127.82
118.80
117.22
162.45
166.00
212.57
144.91
134.47
139.94
142.91
136.86
158.20

129.00
125.44
113.77
171.10
183.63
222.46
152.12
142.73
146.13
149.85
142.28
162.46

124.75

125.24

128.81

131.58

132.12

132.50
123.56
119.48
116.09
135.62
132.34
113.24

131.12
121.19
120.37
117.80
145.36
134.19
111.88

139.93
129.99
119.81
116.61
157.46
134.16
110.33

96.73

9a35

99.19

115.23

96.89

97.92

99.81

117.38

103.15
105.44
103.30
102.24
117.21
109.20

99.46
102.61
101.08
110.75
126.16
115.97

113.72

126.89

114.21

127.62

95.22

110.15
108.31

118.18
119.98

96.01
95.86

98.01
98.23

100.00 107.72
100.00 108.92
100.00 104.58
100.00 125.40
100.00 126.23
100.00 131.98
100.00 122.74
100.00 108.22
100.00 114.06
100.00 112.51
100.00 115.75
100.00 112.91
100.00 111.19
100.00 116.07
ioo.qo 108.69
108.20
100.00 107.99
100.00 117.73
100.00 116.29
100.00 104.99
100.00
100.00 101.76
100.00 115.89
100.00 115.15

123.87
115.85
111.97
143.96
163.09
164.66
134.30
115.21
129.16
129.55
128.79
132.40

94.82
96.91
90.94
94.38
88.28
93.20
95.26
96.01
9560
95.60
95.61
99.02

103.57
96.69
99.79
97.76
96.00
100.76
97.23
97.59
96.83
101.74

97.43
98.32
97.36
98.21
95.65
98.77

101.46
100.92
99.96
97.64
98.65
98.23

92.36
95.18
98.71
100.75
100.21
100.54

108.75
105.59
103.97
103.40
105.49
102.46

102.05

103.63

102.13

104.00

102.39
102.14

103.59
103.77

99.02 102.25
97.43 102.04
104.83
101.25
102.69
102.05
100.84
103.71
101.74
102.90
100.46
99.00

103.91
103.62
100.66
107.68
109.25
106.99
107.90
99.52
105.43
103.92
107.10
100.25

103.18
109.42
114.87
106.33
127.02
149.02
130.17
122.08
117.56
110.69
111.29
110.08
116.10
110.13

117.92
120.35
104.05
108.00
110.58
106.52
133.15
196.09
144.32
118.78
113.67
112.43
112.41
112.46
134.10
112.22

104.02
108.47
101.47
100.02
109.83
105.59
107.43
107.60
104.45
104.04

103.21
101.34
103.52
101.51
115.78
108.57
112.22
112.90
108.27
107.64

104.32
103.48
103.23
105.07
120.46
110.70
116.86
117.42
114.28
110.22

101.05
108.46
104.98
102.37
122.75
111.93
118.35
118.92
113.61
111.36

100.59
101.36
100.21
107.16
122.31
114.33
122.41
122.87
115.99
115.93

102.10
107.68
98.91
108.48
127.67
114.99
126.21
126.87
117.46
120.81

107.33
107.93
106.69
122.94
117.00
129.49
120.95
107.51
112.45
110.87
114.18
109.94
108.76

111.74
110.94
104.68
133.97
137.05
141.56
130.65
107.47
120.71
119.12
122.45
119.96
115.47
126.25
112.15
107.16
111.68
126.67
122.46
105.96

117.44
114.33
106.31
139.04
135.21
152.74
134.13
112.02
124.12
123.54
124.77
122.59
120.01
132.42
121.24
109.29
113.52
147.71
120.76
108.66

124.95
116.41
116.00
143.06
169.02
160.91
133.64
112.28
129.39
129.51
129.29
126.02
122.83
127.65
122.57
117.67
115.51
134.50
129.85
106.02

146.68
131.42
122.05
115.04
159.94
141.03
113.36

153.34
130.33
124.09
114.39
161.53
142.06
113.47

107.46
119.38
120.24

104.39
95.45 107.80 95.70 101.92
118.78 116.28 117.20 121.73 119.71 120.50
124.41 128.00 129.60 134.28 138.42 143.34

108.31
124.78
149.91

123.21

97.86

101.64

101.65

103.59
104.49
98.69
114.34
106.50
117.41
113.93
108.44
106.84
105.57
108.24
102.39
106.52

130.92
122.14
116.70
115.73
140.80
129.29
109.95

100.05
101.24
97.48
95.68
92.27
95.84
98.00

99.04
98.58
99.11
101.82
92.82
98.16
98.51

100.71
100.14
102.11
102.34
116.66
100.05
101.40

100.19
100.04
101.31
100.16
98.26
105.95
102.10

109.31
106.80
104.76
102.97
105.92
109.55
102.18

106.91
105.74
109.67
109.02
107.41
113.47
104.36

108.24
112.31
108.29
130.36
144.39
139.46
125.42
109.44
116.22
114.47
118.14
119.33
113.99
121.82
110.07
111.21
108.29
130.91
119.68
107.47

101.87
118.50
129.07

103.90
96.11

96.53
98.07
98.17

95.52
100.28
101.87

104.06
105.54
104.37

110.07
108.53

99.76
115.15
113.53

100.86
118.95
118.29

101.21
101.54
106.11
111.88
133.49
120.03

103.42
102.35
106.27
112.42
133.30
119.64
144.52

141.34

147.07

SURVEY OF CURRENT BUSINESS

December 1999

•

10<)

II

III

Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product—Continued
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1997

1997

1998
Ill

III

IV

IV

I

Chaln'type price indexes

100.00
100.00
89.51 100.00
104.83 100.00
103.58 100.00
105.54 100.00
106.95 100.00
96.16 100.00
119.15 100.00
106.02 100.00
98.93 100.00
98.70 100.00
98.84 100.00
98.54 100.00
100.17 100.00
98.30 100.00
99.62 100.00

Exports of goods and services
Exports of goods 1
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts
Computers, peripherals, and parts
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Exports of services 1
Transfers under U S military agency sales
contracts.
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods and services

100.89

100.55

99.79

98.47

9&50

98.18

96.27

95.57

95.25

95.13

95.30

101.40

100.92

99.67

9aoi

97.81

97.55

97.24

97.76
96.57

96.72

94.25

95.44

94.71

93.70

93.15

92.83

92.69

92.86

92.60
99.57
99.11
99.83
95.07
103.41
85.98
95.90
100.81
100.75
100.97
100.51
98.95

84.15
94.22
95.02
93.75
92.50
104.79
75.58
94.64
100.96
100.76

98.82
101.13
101.99
100.65
103.16
98.28
107.78
102.87
99.81
99.65
99.61
99.70
100.47

105.68 101.87 93.64
99.96 99.38 99.53
100.70 98.73 98.57
99.53 99.76 100.07
100.95 99.04 96.85
99.46
102.23
100.89
99.92
100.00
1.00.04
99.95
100.74

100.83
97.24
99.18
100.14
100.12
100.14
100.09
99.98

101.43
92.75
97.06
100.14
100.23
100.20
100.27
98.82

93.93
99.81
99.52
99.96
95.98
102.91
89.78
96.30
100.61
100.52
100.67
100.37
99.09

94.27
99.66
99.61
99.68
95.31
102.85
86.87
96.11
100.88
100.58
101.02
100.11
99.11

92.16
99.83
99.63
99.94
94.81
103.78
84.71
95.80
101.00
100.87
101.03
100.71
99.00

90.05
99.00
97.69
99.75
94.17
104.12
82.58
95.37
100.77
101.01
101.17
100.85
98.61

86.21
96.71
96.48
96.84
93.47
104.38
79.88
95.00
100.85
101.06
101.10
101.02
97.63

84.80
95.29
95.81
94.98
92.88
104.71
77.06
94.81
100.87
100.82
100.76
100.88
97.15

83.37
93.18
94.44
92.43
91.97
104.66
73.31
94.51
101.00
100.61
100.51
100.72
96.32

82.24
91.71
93.34
90.75
91.69
105.40
72.08
94.23
101.11
100.53
100.39
100.69
95.63

81.65
90.83
92.48
89.85
91.50
106.49
70.39
94.14
101.31
100.34
99.95
100.73
95.55

80.77
91.24
92.12
90.75
91.20
106.87
69.12
93.98
101.39
100.34
100.03
100.65
95.02

79.71
93.39
92.37
94.06
90.71
107.05
67.55
93.69
101.57
100.47
100.20
100.74
95.22

100.56

100.24

99.66
95.37 104.20

99.62

100.09

100.63

100.10

100.88

100.54

100.73

99.95

100.20

100.27

100.55

100.94

101.88

102.47

98.54

98.54

98.72

98.69

98.42

96.80

97.16

96.42

96.39

94.94

93.74 100.12

99.70

100.03

101.86
99.56
100.18
101.60
100.87
100.59

101.86
98.94
99.41
101.88
100.76
99.14

102.06
95.04
97.02
102.11
100.73
97.73

102.56
94.36
97.21
102.23
100.80
99.24

102.96
93.93
97.02
102.41
100.85
100.20

103.26
98.82
96.07
102.63
100.96
99.49

102.66
101.18
93.96
102.95
101.41
99.82

104.11
101.12
97.08
103.46
102.00
100.60

104.18
103.62
99.63

92.57

91.63

90.55

90.48

89.81

90.96

92.33

91.87

90.55

89.30

89.03

88.38

89.46

90.73

102.71
95.46
96.83
102.35
100.84
99.16

99.16
99.43
98.71
99.24
99.58
100.65

99.76
98.21
99.64
99.65
99.87
100.19

100.36
100.25
100.08
100.24
100.08
99.79

100.66
102.02
101.57
100.83
100.47
99.37

101.06
93.14
101.30
101.39
100.70
99.15

91.31

100.87

100.42

99.28

99.43

98.27

96.43

95.85

90.19

101.15

100.54

99.13

99.18

97.94

95.73

95.23

100.91
99.88

97.73
94.96

98.71
101.19

101.94
99.95

99.38
99.17

99.97
99.70

100.51
100.90

102.11
99.18

101.00
99.83

100.04
99.60

98.55
97.04

98.51
95.88

96.73
94.09

97.12
92.83

95.37
92.62

95.05
93.07

93.59
95.29

101.79
97.94
94.34
88.56
103.77
86.44
88.16
100.20
98.81
97.81
99.89
99.43

97.00
92.88
62.50
82.10
105.56
71.55
84.81
100.34
97.47
95.23
99.92
99.93

99.96
102.43
88.63
106.91
98.32
106.95
107.63
100.01
100.28
100.48
100.06
100.24

100.32
99.58
98.52
101.91
99.68
100.91
102.51
99.88
100.11
100.13
100.09
100.14

99.94
98.39
99.02
97.68
100.81
97.31
97.55
100.06
99.92
99.84
100.02
99.80

99.79
99.61
112.81
93.51
101.20
94.84
92.31
100.06
99.69
99.55
99.84
99.81

101.16
100.64
107.93
90.76
102.98
91.64
89.33
100.04
99.21
98.80
99.67
99.77

102.23
96.12
91.14
89.24
103.34
88.30
88.42
99.87
98.92
97.95
99.98
99.32

102.60
97.04
89.30
88.05
104.16
85.06
87.94
100.27
98.68
97.54
99.92
99.36

101.19
97.99
90.01
86.18
104.60
80.76
86.93
100.63
98.42
96.96
100.00
99.27

99.25
94.78
70.35
84.05
105.14
76.28
85.64
100.63
98.03
96.21
100.01
98.85

98.13
93.57
63.48
82.46
105.40
72.20
85.06
100.41
97.51
95.38
99.83
99.79

96.26
91.87
58.70
81.17
105.30
70.25
83.98
99.98
97.09
94.61
99.81
100.41

94.37
91.31
57.85
80.71
106.40
67.47
84.55
100.34
97.26
94.74
100.03
100.67

95.19
89.96
52.60
80.29
107.27
65.78
84.69
100.71
97.24
94.65
100.08
99.42

96.35
89.63
74.68
78.73
107.37
62.63
83.91
100.97
96.68
94.03
99.58
98.99

98.58
91.86
94.63
77.45
107.51
60.20
83.19
101.14
96.57
93.84
99.57
99.13

99.47

97.29

99.40

99.75

100.11

100.74

100.02

100.16

99.10

9&60

96.32

97.36

97.21

98.26

97.43

99.03

100.95

100.44
97.10
98.72
97.22
97.86
100.20
97.32

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

91.38
99.67
105.98
97.86
101.76
99.43
100.50

88.93
95.60
107.24
96.04
102.33
97.09
100.40

99.39
98.20
100.19
99.57
99.22
100.55
98.96

98.70
99.38
99.33
100.22
99.63
100.38
99.66

101.14
100.92
98.94
99.73
100.22
99.48
100.43

100.78
101.52
101.54
100.49
100.81
99.58
100.96

93.90
100.57
103.70
99.72
101.37
99.51
100.78

91.97
101.12
106.44
97.97
101.58
99.99
101.11

89.36
99.47
107.02
97.07
101.87
98.98
100.27

90.30 84.82
97.65 94.32
106.76 107.12
96.69 94.13

89.69
94.80
107.62
96.83
102.39
96.79
100.72

94.25
97.08
107.67
97.28
102.62
96.33
101.75

91.00
104.02
104.44

100.00
100.00
100.00

93.38
97.70
96.02

84.79
95.19
92.63

98.96
101.68
102.36

105.01
100.47
100.70

101.77
99.44
99.10

94.27
98.41
97.84

95.03
98.11
97.01

94.68
97.85
96.17

92.58
97.71
95.82

83.82
94.68
92.01

81.98
94.24
91.79

98.31

98
99
100

101.88
96.59
100.26
101.76
100.82
99.75
96.45

101.43
101.43
83.09
114.16
95.80
116.50
114.80
99.36
99.68
100.04
99.28
99.91

Direct defense expenditures
Travel
Passenger fares .......
Other transportation ..
Royalties and license fees
Other private services
Other
,

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

95.86

102.22
101.43

Imports of services l ..

97.77

100.83
96.68

95.59

102.76
95.01
100.15
102.15
100.97
100.10
95.24
94.61

102.51

Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
.!.




95.95

97.29

101.83

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

NOTE.-See footnotes to table 4.3.

98.23

102.65

97.67
99.95
97.33
97.85
98.43
99.51

Imports of goods x

Addenda:
Exports of agricultural goods 2
Exports of nonagricultural goods
Imports of nonpetroleum goods

101.38

102.13
99.23
99.83

102.10
97.82
98.02

86.97
96.23
106.55
95.92
102.22
97.43
101.11

91.21
97.12
95.09

87.32
96.25
93.78

86.02
95.58
92.95

102.08
101.27

90.83 89.04 90.51
95.09 94.99 97.20
107.93 110.15 112.33
96.73 105.21 112.51
102.93 103.45 103.87
96.82
100.81

97.45
101.67

96.36
102.84

80.42
94.04
91.50

78.24
94.09
90.90

77.66
94.33
90.72

SURVEY OF CURRENT BUSINESS

110 • December 1999

Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1998

1997

1996

1999

1998

II

III

IV

1

II

III

IV

I

II

III

IV

I

II

III

98.77

100.58

100.01

100.64

101.06

102.47

102.91

102.89

102.62

104.13

104.46

105.20

106.52

106.86

107.98

!
Chalivtype quantity indexes
Government consumption expenditures and
gross Investment *.
Federal
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services ....!
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
Other services
Gross investment
Structures
Equipment and software
Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
Services
Compensation of general government
employees, except own-account
investment3
Consumption of general government fixed
Other services
Gross investment
Structures
Equipment and software
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3
Consumption of general government fixed
Other services
Gross investment
Structures
Equipment and software
Addenda:
Compensation of general government employees3
Federal
State and local
See footnotes at the end of the table.




1

9a87 100.00 10233

104.10

2

100.91

100.00

99.88

98.97

99.52

101.61

99.60

99.27

9&55

100.90

100.56

99.48

96.96

99.71

99.14

100.08

99.97

100.49

101.46

3
4
5
6
7
8

101.37
102.09
100.43
89.44
102.56
104.42

100.00
100.00
100.00
100.00
100.00
100.00

97.55
99.03
99.29
99.93
98.98
96.41

95.71
96.37
100.91
105.22
95.81
93.39

99.82
99.39
93.46
93.57
100.01
100.84

101.68
100.93
106.45
106.91
100.34
100.69

9&40
105.51
107.87
98.69
100.05

9a95
100.28
94.58
91.65
100.96
98.42

96.04
98.20
98.50
101.43
98.09
97.57

9127
100.33
104.59
96.20
100.12
96.61

98.23
99.33
94.16
101.72
99.65
96.37

97.65
98.25
99.92
100.38
98.07
95.10

93.21
94.25
96.43
99.04
93.96
94.48

95.69
97.05
99.19
99.68
96.81
93.50

97.33
97.11
104.97
116.43
96.06
93.43

96.61
97.08
103.03
105.74
96.42
92.14

95.64
95.74
98.12
100.24
95.43
91.26

95.01
94.23
101.75
110.36
93.30
90.90

97.61
97.34
108.79
135.75
95.59
91.17

9

100.61

100.00

99.39

98.66

100.27

100.04

99.93

99.76

99.69

99.51

99.27

99.08

98.85

98.70

98.56

98.53

98.49

98.55

96.71

10
11
12
13

101.04
97.45
96.50
97.58

100.00
100.00
100.00
100.00

103.08
89.23
82.70
90.16

97.75
92.11
76.17
94.46

98.40
102.19
100.61
102.41

99.97
105.87
108.79
105.46

95.36
100.43
96.83
100.95

106.27
91.51
93.78
91.18

97.64
83.84
85.65
83.57

106.68
86.63
81.30
87.40

105.62
92.10
82.42
93.50

102.38
94.33
81.41
96.20

89.21
87.34
80.11
88.36

101.03
88.04
71.33
90.51

98.63
98.93
82.14
101.39

102.14
94.12
71.10
97.58

100.23
95.33
74.25
98.47

93.28
99.91
72.51
104.04

100.77
99.55
69.34
104.13

14
15
16
17
18

99.98
101.89

100.00
100.00

104.63
104.66

105.63
103.11

98.91
99.28

101.47
100.82

99.71
99.39

99.91
100.51

103.69
104.00

106.28
105.38

105.32
105.09

103.23
104.17

104.60
103.28

107.89
104.80

102.85
99.98

107.16
104.37

108.77
105.49

111.62
106.43

109.29
104.50

19
20
21

104.30
102.00
102.77

100.00
100.00
100.00

125.43
103.40
99.44

127.04
102.50
100.54

100.52
98.92
98.05

99.33
100.87
101.82

96.22
99.69
100.75

103.92
100.52
99.38

118.79
103.01
99.87

125.02
104.11
100.23

127.22
103.91
99.68

130.68
102.57
97.98

127.20
101.83
99.21

127.75
103.23
100.30

125.28
102.28
100.45

127.94
102.68
102.20

129.38
103.03
102.34

133.04
103.96
101.12

132.47
102.19
99.90

22

93.04

100.00

108.32

118.15

97.10

99.01

101.01

102.88

104.90

107.16

109.44

111.77

114.28

116.81

119.42

122.07

124.79

127.46

130.29

23
24
25
26

104.56
91.54
99.91
87.14

100.00
100.00
100.00
100.00

108.64
104.49
84.74
115.53

99.51
117.50
94.86
130.18

101.31
97.31
101.48
95.05

99.93
104.43
107.70
102.63

97.17
101.09
102.22
100.45

101.59
97.17
88.60
101.87

107.99
102.31
90.17
108.99

109.97
110.43
86.75
123.65

109.41
106.37
90.42
115.16

107.19
98.84
71.61
114.32

101.38
110.81
92.09
121.16

102.92
122.50
92.48
139.61

98.42
116.39
98.35
126.26

95.33
120.29
96.51
133.70

95.13
124.27
97.52
139.46

99.61
136.51
89.07
164.30

94.86
132.18
93.30
154.69

27
28
29
30
31
32

97.66
97.85
96.94
94.63
98.28
98.93

100.00
100.00
100.00
100.00
100.00
100.00

103.79
103.21
108.04
106.41
102.71
101.52

107.14
106.69
116.86
114.37
105.56
102.82

98.32
98.44
98.27
97.72
98.53
98.73

99.97
100.04
99.15
99.21
100.16
100.37

100.25
100.38
100.51
100.75
100.32
100.25

101.46
101.15
102.08
102.32
100.98
100.65

102.55
101.91
104.77
103.62
101.63
100.96

103.41
102.85
107.01
105.42
102.44
101.46

104.30
103.65
109.17
107.25
103.09
101.72

104.91
104.43
111.21
109.35
103.68
101.92

105.98
105.46
113.77
111.58
104.54
102.30

106.75
106.37
115.94
113.50
105.32
102.71

107.61
107.06
117.89
115.32
105.85
102.92

108.23
107.87
119.84
117.07
106.54
103.38

110.39
108.79
122.01
118.95
107.32
103.92

110.64
109.74
124.20
120.85
108.15
104.48

111.84
110.79
126.43
122.78
109.07
105.20

33

95.67

100.00

104.69

109.89

98.33

99.43

100.56

101.68

102.87

104.06

105.29

106.55

107.85

109.18

110.56

111.97

113.43

114.93

116.48

34
35
36
37

90.94
96.82
98.70
91.42

100.00
100.00
100.00
100.00

124.97
106.40
104.86
111.08

157.71
109.14
104.06
125.33

94.61
97.79
98.12
96.82

97.48
99.65
99.94
98.79

101.24
99.72
99.28
101.02

106.67
102.84
102.66
103.37

113.86
105.42
105.01
106.57

120.65
105.91
104.72
109.47

128.78
107.19
105.36
112.78

136.58
107.08
104.35
115.50

147.65
108.28
104.57
119.91

155.76
108.42
103.63
123.64

161.61
110.06
104.71
127.09

165.82
109.80
103.34
130.68

170.62
117.60
112.51
133.60

175.92
114.64
107.81
136.82

180.04
116.56
109.35
140.06

38
39
40

100.25
103.81
98.90

100.00
100.00
100.00

100.40
97.49
101.52

100.94
96.00
102.84

99.03
99.78
98.73

100.58
101.10
100.37

100.27
100.36
100.24

100.13
98.76
100.65

100.25
98.40
100.96

100.47
97.90
101.46

100.56
97.56
101.72

100.30
96.08
101.92

100.59
96.14
102.30

100.84
95.97
102.71

101.03
96.03
102.95

101.31
95.85
103.41

101.61
95.36
104.01

101.80
94.70
104.54

102.25
94.43
105.27

SURVEY OF CURRENT BUSINESS

December 1999 •

111

Table 111.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type—Continued
[Index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1996

1998

I
Chain-type price Indexes
Government consumption expenditures and
gross investment1.
Federal
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
Other services
Gross investment
Structures
Equipment and software
Nondefense
Consumption expenditures
Durable goods 2
.
Nondurable goods
Commodity Credit Corporation inventory
change.
Other nondurables
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
capital 4 .
Other services
Gross investment
Structures
Equipment and software
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government fixed
Other services
Gross investment
Structures
Equipment and software
Addenda;
Compensation of general government employees3
Federal
State and local

41

II

1999

1998

III

IV

S

II

III

IV

1

II

III

IV

I

II

III

100.09

100.55

101.31

101.47

101.84

102.49

102.73

103.10

103.60

103.94

104.93

105.69

106.58

101.78

103.34

99.87

99.49

100.00

101.30

102.38

100.28

99.46

99.93

100.34

101.20

101.24

101.18

101.57

102.07

102.30

102.41

102.76

104.89

105.13

105.59

100.00
100.00
100.00
100.00
100.00
100.00

101.22
101.68
99.54
97.66
101.96
102.91

102.03
102.91
99.18
86.89
103.66
105.37

99.93
99.30
100.18
96.77
99.29
99.31

99.52
99.64
100.15
98.66
99.62
99.59

100.06
100.28
99.70
99.78
100.34
100.23

100.49
100.79
99.96
104.79
100.75
100.87

101.20
101.61
99.98
102.79
101.70
102.78

101.16
101.58
99.83
96.85
101.84
102.90

101.07
101.54
99.38
94.61
101.90
102.76

101.45
102.00
98.96
96.39
102.40
103.21

101.86
102.61
99.37
89.46
103.24
105.03

101.85
102.64
99.23
87.42
103.34
105.07

102.07
103.01
98.90
85.49
103.84
105.45

102.32
103.37
99.22
85.18
104.23
105.95

104.21
105.20
98.93
82.52
106.36
109.71

104.47
105.58
98.67
87.76
106.64
109.86

104.93
106.12
98.57
93.91
107.03
109.97

99.44

100.00

100.07

99.17

99.96

99.85

100.14

100.05

100.13

100.09

99.90

100.17

99.55

98.91

99.06

99.15

100.29

100.30

100.77

97.85
99.80
97.22
100.15

100.00
100.00
100.00
100.00

101.88
98.53
103.33
97.88

104.45
96.83
105.89
95.68

98.71
103.39
98.85
104.03

99.48
98.93
99.42
98.86

100.68
98.90
100.58
98.67

101.13
98.78
101.16
98.44

101.17
98.86
101.97
98.43

101.50
98.78
102.92
98.21

102.06
98.31
103.70
97.59

102.80
98.17
104.72
97.31

103.22
97.41
104.63
96.47

104.06
97.17
105.15
96.14

105.04
96.55
106.33
95.31

105.48
96.20
107.46
94.80

105.87
98.38
108.05
97.15

106.55
98.02
109.26
96.64

107.35
98.04
110.32
96.55

54
55
56
57
58

97.93
97.35

100.00
100.00

101.45
102.00

103.07
104.24

101.00
101.05

99.32
99.18

99.65
99.64

100.03
100.14

101.19
101.62

101.38
101.87

101.41
101.98

101.81
102.51

102.49
103.42

103.15
104.32

103.05
104.26

103.59
104.97

106.18
107.76

106.37
108.10

106.82
108.69

59
60
61

99.93
97.05
95.55

100.00
100.00
100.00

99.61
102.13
102.94

99.36
104.58
106.62

100.59
101.01
102.15

100.68
99.12
98.61

100.82
99.62
99.18

97.91
100.25
100.06

98.37
101.77
102.64

99.72
101.99
102.66

100.09
102.10
102.75

100.27
102.65
103.71

99.58
103.66
105.50

99.27
104.65
106.08

99.55
104.71
107.01

99.06
105.32
107.88

100.04
108.46
112.96

101.49
108.76
113.41

103.72
109.28
114.22

62

100.60

100.00

99.15

98.20

100.76

99.93

99.73

99.59

99.34

99.34

99.01

98.92

98.47

98.23

98.10

98.02

99.11

98.92

98.95

63
64
65
66

96.32
100.67
97.20
102.67

100.00
100.00
100.00
100.00

101.99
98.97
103.17
97.01

103.89
97.97
106.48
94.30

99.04
100.74
99.30
101.53

99.71
99.94
99.58
100.12

100.38
99.74
100.23
99.46

100.87
99.59
100.89
98.88

101.32
99.24
101.60
98.03

101.95
99.16
102.69
97.47

102.27
98.82
103.68
96.59

102.40
98.67
104.72
95.96

102.75
98.34
105.65
95.16

105.07
98.04
106.00
94.60

103.62
97.81
106.74
93.98

104.11
97.68
107.54
93.47

104.56
99.47
107.99
95.77

104.84
99.13
108.69
95.09

105.07
99.08
109.51
94.77

67
68
69
70
71
72

97.81
97.71
100.40
96.49
97.81
97.51

100.00
100.00
100.00
100.00
100.00
100.00

102.06
102.14
99.45
99.25
102.57
102.71

103.89
104.18
99.18
94.44
105.57
106.28

99.62
99.62
100.45
98.46
99.75
99.78

99.52
99.48
99.92
100.52
99.34
99.22

100.19
100.19
99.86
99.57
100.27
100.27

100.68
100.71
99.77
101.45
100.64
100.73

101.38
101.44
99.53
101.29
101.50
101.56

101.62
101.60
99.43
98.72
102.01
102.09

102.22
102.33
99.37
98.49
102.88
103.12

103.03
103.19
99.46
98.52
103.87
104.08

103.11
103.31
99.27
95.62
104.41
104.94

103.56
103.87
99.20
95.19
105.11
105.81

104.27
104.63
99.18
94.23
106.12
106.87

104.62
104.91
99.06
92.72
106.66
107.49

104.98
105.32
98.94
92.31
107.19
108.21

106.02
106.42
98.78
96.39
107.91
108.89

107.15
107.71
98.74
100.53
108.83
109.88

73

98.64

100.00

101.08

101.39

99.83

99.80

100.10

100.27

100.68

101.10

101.05

101.48

101.16

101.04

101.49

101.86

101.98

102.64

102.99

74
75
76
77

102.55
98.25
97.02
102.00

100.00
100.00
100.00
100.00

103.55
101.72
103.40
96.89

103.11
102.64
106.09
93.19

98.87
99.58
99.07
101.09

100.70
99.69
99.50
100.26

100.80
100.20
100.38
99.66

99.62
100.53
101.05
98.99

102.37
101.11
102.09
98.24

102.98
101.68
103.14
97.44

103.02
101.75
103.63
96.36

105.83
102.34
104.75
95.50

102.65
102.24
105.07
94.34

102.53
102.20
105.35
93.49

103.80
102.74
106.41
92.77

103.45
103.36
107.54
92.14

102.16
103.49
108.02
91.44

103.48
104.28
109.33
90.97

104.45
104.75
110.21
90.47

78
79
80

96.65
94.46
97.51

100.00
100.00
100.00

102.77
102.93
102.71

106.16
105.84
106.28

99.94
100.35
99.77

99.23
99.23
99.22

100.15
99.85
100.27

100.68
100.57
100.73

101.88
102.73
101.56

102.29
102.82
102.09

103.02
102.77
103.12

103.90
103.41
104.08

105.01
105.21
104.94

105.71
105.45
105.81

106.65
106.04
106.87

107.27
106.68
107.49

108.93
110.97
108.21

109.50
111.23
108.89

110.33
111.61
109.88

97.59

100.00

42

97.22

43
44
45
46
47
48

96.88
96.36
99.67
91.38
96.24
93.83

49
50
51
52
53

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures




1997

for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.

112

SURVEY OF CURRENT BUSINESS

• December 1999

Table 7.12.—Chain-Type Quantity and Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type
[Index numbers, 1996=100]
Une

1996

1997

1998

Chain-type quantity Indexes
U A I I A M A I JIAIANAA

AARAIUMMMAM AWMAMJIIIIISAA

A n

J

MMAAA

Naiionai defense consumption expenaiiures ana gross
III wtWIUlWrlH •

Consumption
Durable goods
Aircraft
,
Missiles
Ships
Vehicles
Electronics
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods

i n S l d l l d l l O n SUOOOnE oea««o«i«et«t*****a«**««ttt>siet««««siti*oaaiBi»«««f««ttt*«aii*i*B«

Weapons support
•••••^^^^••••••••••••••••^••^••••••••••••••^•••••••••••••••M

Transportation of material
Travel of persons

other ZZZZZZZZZZ!!Z"Z!IZ!

Structures
QuipUfvnf
Aircraft
Missiles
Ships
Vehicles -.
Electronics and software
Other equipment
Addendum:
Compensation of general government employees

101.37

100.00

97.55

102.09

100.00

99.03

96.37

100.43
100.07
106.65
128.79
117.99
95.89
91.70

100.00
100.00
100.00
100.00
100.00
100.00
100.00

99.29
107.39
90.55
77.14
105.86
105.47
89.06

100.91
113.82
90.62
7022
77.30
104.87
91.88

Missiles ....
Ships .. .
Vehicles ..
Electronics
Other durable goods

105.22
89.06
13953
106.05

Nondurable goods
Petroleum products
Ammunition
Other nondurable goods

102.56
104.42

100.00
100.00 9245
100.00 111.46
100.00 103.02
100.00 98.98
100.00 96.41

103.81
105.46
100.61
101.04
91.22
100.58
128.13
102.76
9321
108.90
95.77

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

97.31
94.88
99.39
103.08
104.83
98.08
110.66
104.71
94.54
92.48
7156

95.11
90.45
98.66
97.75
91.11
94.64
110.71
101.53
100.28
86.95
61.00

97.45

100.00

89.23

92.11

96.50

100.00

82.70

76.17

97.58
100.90
112.06
118.14
92.15
87.35
90.80

100.00
100.00
100.00
100.00
100.00
100.00
100.00

90.16
6750
74.65
88.60
116.77
109.85
91.53

68.03
85.16
95.07
124.98
119.72
90.91

104.43 100.00

96.39

93.36

99.81
80.71
82.58

Services
Compensation of general government employees, except ownaccount investment3.
Military
.-.
Civilian .-.
Consumption of general government fixed capital 4
Other services
Research and development

• ©rsonnd suDDort

36

95.71

95.81
93.39

1995

1996

1997

1998

National defense consumption expenditures and gross

37

96.88

100.00

101.22

102.03

96.36 100.00 101.68 102.91

Consumption expenditures

99.67
99.42
100.62
99.75

96.54
102.44
98.83

100.00
100.00
100.00
100.00
96.24 100.00
93.83 100.00
93.17 100.00
94.96 100.00
99.44 100.00
97.85 100.00
99.73 100.00
98.66 100.00
96.56 100.00
95.47 100.00
92.29 100.00
99.88 100.00
93.68 100.00

Services
Compensation of general government employees, except ownaccount investment3.
Military . .
Civilian
.'.
Consumption of general government fixed capital 4
Other services
Research and development
Installation support
Weapons support
Personnel support
Transportation of material

Other

ZZZZZZZZZZZZ,

99.54 99.18
99.27 98.61
99.84 98.18
99.70 98.98
104.85 119.80
97.08 93.71
100.13 100.04
97.66 86.89
94.74 67.85
99.57 97.58
99.97 100.64
101.96 103.66
102.91 105.37
102.60 104.52
103.47
100.07 99.17
101.88 104.45
102.53 104.33
100.87 103.04
102.84 105.22
103.58 108.06
98.01 99.22
100.75 104.29
104.17 108.61

100.00
100.00
100.15 100.00
97.36 100.00
103.08 100.00
99.96 100.00
98.66 100.00
103.87 100.00
98.49 100.00

103.33

105.89

97.88
94.25
95.16
101.74
101.05
95.95
100.15

95.68
89.95
94.48
99.79
99.62
91.89
100.12

100.00

102.92

105.38

99.80

Gross Investment

97.22

Structures

Missiles Z!!ZZZZZZZZZZZZ."!
Ships
Vehicles
Electronics and software
Other equipment
Addendum:
Compensation of general government employees3 ..,

100.00
100.00
100.00
100.00
100.00
100.00
100.00

91.38
81.43
101.42
99.53

E Q U l P l f t O n t flflCI S O T l W o f S ai**ta»iaa«otiaaaaaaiiii»eaata«afii»>oaatiati

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries.
3. Compensation of government employees engaged in new own-account investment and related expenditures




Une
Chain-type price Indexes

72

93.84

96.83

for goods and services is classified as investment in structures and in software. The compensation of all general
government employees Is shown in the addendum.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.

SURVEY OF CURRENT BUSINESS

December 1999 • 113

Table 7.13.—Chain-Type Quantity and Price Indexes for Gross Government Fixed Investment by Type
[Index numbers, 1996=100]
Line
Chain-type quantity Indexes
Gross government fixed investment1

1996

Une

1997

96.28 100.00 102.45 106.49
95.27 100.00
101.46
97.45 100.00 89.23 92.11
91.54 100.00 104.49 117.60

National defense ..
Nondefense
State and local

Federal

1995

96.82 100.00 106.40 109.14

...ZZZZIZZZZ"~Z

National defense
New
Buildings
Residential
Industrial
Military facilities3
Net purchases of used structures
Nondefense
New
Buildings
Residential
Industrial
Educational
Hospital
Other 4
Highways and streets
Conservation and development .,
Other5
„.
Net purchases of used structures
State and local
New
Buildings
Residential ....... .
Industrial
Educational
Hospital
Other4
Highways and streets
Conservation and development...
Sewer systems
Water systems
Other5
Net purchases of used structures ...
2

Equipment and software
Federal
National defense
Aircraft
Missiles
Ships
Vehicles
Electronics and software
Other equipment
Nondefense
State and local
Addenda:
Government enterprise gross fixed investment
Federal
I.. .7.
Structures
Equipment and software
State and local
Structures
Equipment and software

100.00 102.21 102.01
98.63 100.00 83.97 87.86
96.50 100.00 82.70 76.17
96.50 100.00 82.71 76.18
99.71 100.00 90.53 91.86
101.32 100.00 98.98 94.95
96.09 100.00 71.82 84.85
95.15 100.00 79.42
>M

S3i

100.00
100.00
100.00

84.74
8725
95.74

94.86
87.27
90.77

129.14 '1OO.66

"62.37

"42.75

87.84
95.97
87.50
111.43
100.13

112.39 81.03
98.06 104.00
90.49
85.26 88.48
76.63 78.05

103.30
99.51

100.00
100.00
100.00
100.00
100.00

98.70
98.80
98.81
122.35

104.86
104.70
103.57
88.21

"97.63
98.12
97.33
98.53
94.86
96.39
88.64
110.39
94.96

"i63.15 "i63.24
103.30 90.09
106.73 108.62
107.38 106.52
100.18 91.85
96.21 91.68
107.71 105.77
10726 100.48
110.66 121.09

93.28
94.41
97.58
100.90
112.06
118.14
92.15
87.35
90.80
87.14
91.42

104.74
130.61
89.53
98.85
101.09

104.06
103.59
104.11
97.18

100.00
100.00
100.00
100.00
100.00
100.00
100.00

1996

1997

98.89 100.00 100.71 100.88
100.11 100.00
99.80 100.00
100.67 100.00

Federal
National defense
Nondefense

98.69
98.53
98.97

97.29
96.83
97.97

100.00 101.72 102.64

State and local
Structures2
Federal
National defense
New
Buildings ....

97.05
97.20
97.22
97.22
97.73
98.21
96.65
97.00
96.63
97.20
97.17
97.49

DoetHAntio

Industrial ...!
Military facilities3
Net purchases of used structures .
Nondefense
New .
Buildings
Residential ....
Industrial
Educational ...
Hospital.
Other4
Highways and streets .
Conservation and development .
Other5
.;.
Net purchases of used structures .
State and local
New
Buildings
Residential
Industrial ....
Educational .
Hospital
Other4
Highways and streets
Conservation and development.
Sewer systems
Water systems
Other5
Net purchases of used structures .

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

97.02
96.99
97.64
98.19

106.11
10627
105.89
105.89
105.79
105.02
107.86
105.94
106.82
106.48
106.03
107.16

97
98

"97"83
97.39
97.33
95.88
97.15
97.88
97.88
96.54
98.02

100.00 103.40 106.09
100.00 103.41 106.10
100.00 103.35 106.89
100.00 102.99 105.06

'ioo!oo

102.76
97.75
90.16
6720
74.65
88.60
116.77
109.85
91.53
115.53
111.08

112.71
105.13
94.46
68.03
85.16
95.07
124.98
119.72
90.91
130.18
125.33

Equipment and software
Federal
National defense
Aircraft
Missiles .
Ships
Vehicles .
Electronics and software ,
Other equipment
,
Nondefense ....
State and local....

99
100
101
102
103
104
105
106
107
108
109

101.30
100.89
100.15
97.36
103.08
99.96
98.66
103.87
98.49
102.67
102.00

103.34
109.18
9626
11721
102.50
10127
108.24

104.62
123.99
102.44
137.71
101.89
98.47
11827

Addenda:
Government enterprise gross fixed investment.
Federal
Structures
Equipment and software
State and local
Structures
Equipment and software

110
111
112
113
114
115
116

98.51
100.35
97.43
102.44
9823
97.16
103.40

100.00
100.00
100.00
100.00
100.00
100.00
100.00

2

103.38
10323
103.33
103.33
103.17
102.88
103.93
103.40
103.73
103.17
10324
103.41

96.59 100.00
107J7
97.83 100.00 103.06 106.70
97.34 100.00 103.57 108.37
97.76 100.00 103.30 106.74
95.80 100.00 103.82 105.68
9729 100.00 102.80 104.95
96.55 100.00 103.54 105.35

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00

1. Consists of general government and government enterprise expenditures for fixed assets.
2. Structures and software include compensation of government employees engaged in new own-account investment and related expenditures for goods and services.
3. Consists of Department of Defense new structures, except family housing.




Chain-type price indexes
Gross government fixed Investment1 ...

1995

"16324
103.51
103.52
103.83
102.86
102.34
102.33
103.81
103.09

"10674
108.41
107.14
105.64
104.92
10424
104.21
106.61
105.94

97.31 94.38
97.60 9521
97.88 95.68
9425 89.95
95.16 94.48
101.74 99.79
101.05 99.62
95.95 91.89
100.15 100.12
97.01 94.30
96.89 93.19
102.45
98.74
103.10
96.39
103.02
103.21
102.17

103.73
97.00
106.12
92.42
104.81
105.73
100.97

4. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and
passenger terminals.
5. Consists primarily of electric and gas facilities, transit systems, and airfields.

114 • December 1999

SURVEY OF CURRENT BUSINESS
Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector
[index numbers, 1996=100]
Seasonally adjusted
Line

1995

1996

1997

1998

1997

1996

1998

1999

Chain-type quantity Indexes
102.82 104.12 105.14

105.94

107.67

10&24

105.78

106.71

10a69

109.31 110.45

101.80 103.12 104.56 105.66
101.92 103.34 104.91 106.14
100.72 101.16 101.38 101.29
101.56 107.95 110.74 115.55

106.63
107.24
101.13
112.97

108.67
109.44
101.74
110.30

109.32
110.09
102.48
107.01

101.08 102.01 102.99 103.98 104.68

105.27

105.64 106.04

106.51 107.07

107.52 ioa2i

98.09
101.19

103.61
105.33

107.65 112.54
105.57 105.81

118.59
106.08

121.56
107.02

96.47 100.00 104.50 109.00

98.19

99.84

100.39 101.59

Businessl ...

95.93 100.00 105.08 110.18

98.03

99.77

100.40 101.80 103.18 104.64

Nonfarm 2
Nonfarm less housing
Housing
Farm
Households and Institutions

95.97
95.65
98.98
92.71

100.00 104.99 110.18
100.00 105.41 111.02
100.00 101.24 102.71
100.00 111.80 109.03

98.04
97.89
99.42
97.28

99.76
99.77
99.64
100.61

97.97

100.00 103.42 105.87

Gross domestic product.

Private households

101.87
97.83

Nonprofit institutions

100.00
100.00

97.87 110.60
103.62 105.70

99.78 100.00 100.80 101.78

General government3

102.42
98.54

Federal
State and local
Chain-type price indexes
Gross domestic product
Businessl
Nonfarm2
Nonfarm less housing .
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3

.....

100.40
100.42
100.23
100.55

99.00

99.60 100.33

101.84
98.90

100.80 99.27
99.55 100.36

96.53 96.74 97.98
102.21 103.22 104.20

100.00 101.66 102.86

99.46

99.77

100.21 100.56 101.14

100.00 101.57 102.48

99.41

99.84

100.22 100.53

98.61
98.78
97.06
85.63

100.00
100.00
100.00
100.00

101.80
101.70
102.74
85.42

99.45
99.49
99.09
97.01

99.81 100.14
99.83 100.12
99.65 100.30
102.20 105.45

96.73 100.00 101.59 104.49

99.08

99.68 100.25

97.18
96.71

102.55 105.45
101.55 104.46

98.67
99.10

100.58
100.24

97.07 100.00 102.38 105.14

99.95

100.00
100.00

100.00 102.07
100.00 102.53

102.81
102.47
106.09
79.75

103.87 100.29
105.72 99.78

Federal
State and local
1. Equals gross domestic product less gross product of households and institutions and of general government.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed capital.

101.53 101.83

121.19
106.56

113.96
114.93
105.34
110.22

115.76
116.81
106.41
104.32
122.36
107.70

101.92

102.30 10*71

103.03 103.58

97.97
103.77

97.98 97.77
104.33 105.03

97.44
105.66

102.41

102.70

103.06 103.28 103.79 104.13 104.42

102.15

97.43
106.47

101.08 101.48 101.73

101.98 102.15

102.37 102.62 102.77 103.12 103.42 103.61

100.60
100.56
100.96
95.34

101.24 101.69 102.02
101.19 101.62 101.90
101.65 102.37 103.10
90.52 86.56 82.49

102.27
102.10
103.85
82.11

102.54
102.32
104.52
75.94

102.73
102.45
105.36
77.68

100.99

101.02 101.34

101.73 102.26

102.83

104.08 105.08 105.98 107.10 108.03 10a97

102.99
101.68

103.69
102.21

104.11
102.78

104.95
104.04

105.89
105.05

106.64
105.95

107.31
107.10

108.25 108.80
108.02 108.98

101.62 101.99 102.58 103.35

104.20

104.72 105.54

106.09

107.57

108.10 10&85

102.41
103.78

103.53
104.51

103.54
105.26

104.45
106.84

107.81
107.49

107.98
108.17

IV

1

II

III

1.008

1.009

1.012

1.012

101.36 101.28
100.98 101.01

100.14 100.59
99.41 99.90
99.29 100.26

98.65
102.11

110.46 112.27 113.42
111.28 113.26 114.40
103.08 103.52 104.67
108.92 109.88 108.64

97.80
103.42

100.30
100.28

98.81
101.75

111.84 112.36 113.88

112.26 113.38 113.93 115.64

101.62

100.29 100.27 100.50 100.81 101.00 100.90 101.28

99.72 100.75
100.27

99.23 99.08
100.77 101.17

110.83

97.67 97.81
102.43 102.91

99.02 100.42

100.00 98.55 97.89
100.00 101.87 103.61

98.43

95.89
97.64

100.25
104.84

109.25

100.40
100.68

102.18
101.31

101.95 102.00
101.47 101.98

101.90
102.89

102.97
102.59
106.58
78.74

103.98
106.25

103.01 103.41
102.50 102.87
107.92 108.53
86.63 83.92

103.79 104.00
103.23 103.42
109.16 109.58
77.93 76.96

108.35
109.08

Table 7-15,—Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial Corporate Business
[Dollars]
Seasonally adjusted
Line

1995

1996

1997

1998

1997

1996
I

II

III

IV

1998

I

II

III

IV

I

II

1999
III

Price per unit of real gross product of
nonfinancial corporate business l .

1

0.991

1.000

1.006

1.007

0.997

1.000

1.001

1.002

1.006

1.007

1.007

1.006

1.005

1.006

1.008

Compensation of employees (unit labor cost)

2

.632

.632

.635

.643

.630

.632

.634

.632

.635

.635

.633

.639

.640

.643

.644

.646

.647

.649

.650

Unit nonlabor cost
Consumption of fixed capital
Indirect business tax and nontax liability plus
business transfer payments less subsidies.
Net interest

3
4

.250
.108

.248
.110

.246
.109

.244
.109

.249
.110

.248
.109

.248
.110

.248
.110

.247
.110

.247
.109

.246
.109

.244
.109

.243
.108

.244
.109

.243
.109

.245
.109

.243
.109

.244
.110

.246
.111

5

.113

.112

.110

.109

.113

.113

.112

.112

.111

.111

.110

.109

.109

.109

.108

.111

.109

.109

.109

6

.029

.026

.027

.026

.026

.026

.026

.026

.026

.027

.027

.026

.026

.026

.026

.025

.025

.025

.026

Corporate profits with Inventory valuation and
caoital consuniBtion adjustments funit nrofits
from current production).
Profits tax liability
Profits after tax with inventory valuation and
capital consumption adjustments.

7

.109

.121

.125

.120

.119

.120

.120

.122

.124

.124

.128

.124

.122

.119

.121

.116

.119

.118

.116

8
9

.034
.076

.036
.085

.035
.090

.032
.088

.035
.084

.036
.085

.035
.085

.036
.086

.035
.089

.035
.090

.037
.092

.035
.089

.032
.090

.032
.087

.032
.089

.030
.085

.032
.087

.033
.085

.033
.082

1. The implicit price deflator for gross product of nonfinancial corporate business divided by 100.




SURVEY OF CURRENT BUSINESS

December 1999

•

115

Table 7.16.—Implicit Price Deflators for Private Inventories by Industry Group
[Index numbers, 1996=100]
Seasonally adjusted
Line

I
1

1998

1997

1996

II

III

IV

I

III

II

IV

I

1999

II

III

IV

I

II

III

1

99.98

100.39

100.31

99.97

99.82

99.32

99.36

9a98

98.07

97.34

96.30

95.64

95.59

96.37

97.56

Farm

2

99.97

105.42

104.63

99.66

103.91

103.44

102.94

100.43

100.47

95.90

86.36

85.84

90.74

90.14

88.99

Nonfarm
Durable goods
Nondurable goods

3
4
5

99.98
100.17
99.74

99.94
100.06
99.80

99.93
99.96
99.89

100.00
99.66
100.43

99.46
99.73
99.11

98.95
99.50
98.27

99.04
99.20
98.85

98.85
98.96
98.72

97.87
98.44
97.15

97.47
97.98
96.83

96.97
97.56
96.23

96.48
96.90
95.96

96.01
95.89
96.15

96.91
96.37
97.60

98.29
97.00
99.92

Manufacturing
Durable goods
Nondurable goods

6
7
8

100.16
100.39
99.80

100.00
100.15
99.76

99.79
99.68
99.97

99.75
99.38
100.35

99.32
99.40
99.20

98.81
99.09
98.37

98.66
98.76
98.51

98.51
98.56
98.44

97.19
97.54
96.62

96.46
96.92
95.71

95.71
96.02
95.21

94.42
94.62
94.08

93.92
94.10
93.64

94.94
94.71
95.33

96.36
95.67
97.49

Wholesale...
Durable goods
Nondurable goods

9
10
11

100.00
100.18
99.73

99.86
99.99
99.65

100.01
100.15
99.79

99.19
99.74
98.27

98.82
99.63
97.47

98.36
99.77
95.99

98.68
99.58
97.17

98.39
99.22
97.00

97.47
98.81
95.21

96.87
98.38
94.32

96.28
97.87
93.59

96.17
97.48
93.97

95.27
95.74
94.53

95.70
95.89
95.44

96.92
96.13
98.41

12
13
14
15
16
17

100.13
100.24
99.98
99.17
99.78
98.29

99.89
100.00
99.74
99.62
99.92
99.18

99.95
100.18
99.59
100.35
99.98
100.91

98.90
99.74
97.46
101.02
99.75
102.90

98.67
99.64
97.02
99.75
99.56
100.03

98.27
99.78
95.67
98.92
99.66
97.81

98.57
99.60
96.81
99.35
99.47
99.16

98.35
99.24
96.84
98.62
99.12
97.87

97.60
98.83
95.50
96.61
98.72
93.46

96.98
98.39
94.55
96.14
98.28
92.94

96.39
97.88
93.84
95.50
97.82
92.03

96.40
97.48
94.55
94.67
97.45
90.50

95.38
95.79
94.70
94.59
95.38
93.48

95.62
95.95
95.08
96.24
95.49
97.57

96.68
96.20
97.62
98.46
95.66
103.12

Retail trade.
Durable goods
Motor vehicle dealers
Other..
Nondurable goods

18
19
20
21
22

99.77
99.84
99.99
99.68
99.67

99.98
100.00
99.99
100.02
99.96

100.21
100.13
100.03
100.24
100.30

100.31
99.96
99.71
100.24
100.72

100.43
100.28
99.55
101.07
100.62

99.98
99.72
98.47
101.09
100.30

99.97
99.33
98.04
100.72
100.76

99.84
99.20
97.78
100.75
100.63

99.82
99.28
97.84
100.86
100.48

99.90
99.03
97.61
100.57
100.94

100.12
99.43
98.48
100.47
100.95

100.35
99.63
98.73
100.61
101.22

100.03
98.66
97.48
99.94
101.68

100.69
99.24
98.02
100.57
102.45

101.68
99.92
99.56
100.34
103.80

Other
Durable goods
Nondurable goods

23
24
25

99.81
100.00
99.80

99.87
100.26
99.85

99.31
101.27
99.16

102.93
100.91
103.07

98.85
101.76
98.63

98.06
102.06
97.76

98.81
101.77
98.59

98.58
101.26
98.38

95.70
101.26
95.29

95.94
101.13
95.55

94.61
101.69
94.07

94.14
100.62
93.66

94.60
101.40
94.09

97.21
103.45
96.74

100.14
102.41
99.95

Prlvato Inventories

Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods

1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown
in tables 5.12 and 5.13.

Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product
[Index numbers, 1996-100]
Seasonally adjusted
Line

1995

1996

1997

II

III

1

96.47

100.00

104.50

109.00

sais

99.84

100.39

101.59

102.82

104.12

105.14

105.94

107.67

108.24

109.25

110.83

111.84

112.36

113.88

2

96.43

100.00

104.02

108.46

98.48

99.84

100.13

101.55

102.54

103.33

104.78

105.41

106.73

108.06

108.69

110.34

111.59

112.52

113.79

I

Final sales of domestic product
Change in private inventories
Goods
Final sales

1999

1998

1997

1996

1998

II

III

IV

1

II

III

IV

I

II

III

IV

1

3
100.00

106.44

112.85

97.56

99.70

100.85

101.89

104.07

106.06

107.33

108.30

111.91

111.07

112.62

115.79

116.63

116.77

119.38

95.24

100.00

105.15

111.43

98.33

99.71

100.18

101.79

103.34

103.96

106.39

106.90

109.40

110.62

111.15

114.54

116.04

117.33

119.23

4
5
e

Durable goods
Final sales

7
8
g

93.62
92.49

100.00
100.00

109.62
108.50

120.28
119.01

96.43
97.04

99.86
99.88

102.11
100.67

101.60
102.41

105.16
104.55

109.36
106.84

111.30
111.10

112.67
111.49

118.80
116.18

117.64
117.73

119.85
118.49

124.85
123.65

125.36
125.29

125.80
127.15

130.25
130.45

Nondurable goods
Final sales
Change in private inventories

10
11
12

96.81
97.58

100.00
100.00

103.78
102.37

106.73
105.24

98.53
99.41

99.56
99.57

99.78
99.76

102.13
101.26

103.15
102.33

103.30
101.56

104.02
102.50

104.66
103.10

106.23
103.84

105.64
104.80

106.68
105.15

108.39
107.15

109.48
108.55

109.38
109.38

110.56
110.21

13

97.61

100.00

103.18

106.17

98.83

99.85

100.04

101.28

101.82

102.85

103.67

104.38

104.72

106.01

106.69

107.25

108.08

109.07

110.22

14

94.34

100.00

104.36

110.14

96.91

100.38

100.54

102.17

103.58

103.60

104.81

105.46

107.94

109.92

110.97

112.03

114.79

113.99

113.46

15
16

99.88
96.34

100.00
100.00

106.58
104.43

114.56
108.80

91.94
98.42

104.91
99.65

104.27
100.24

98.88
101.69

101.58
102.86

102.60
104.17

109.28
104.99

112.84
105.69

111.60
107.53

109.24
106.21

110.92
109.19

126.49
110.27

119.36
111.57

121.80
112.02

129.05
113.35

Services

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output




SURVEY OF CURRENT BUSINESS

116 • December 1999

Table 7.18B.-Chain-Type Quantity Indexes for Motor Vehicle Output
[Index numbers, 1996-100]
Seasonally adjusted

Une

1997

1995

1996

Motor vehicle output.
Auto output 1
Truck output
Final sales of domestic product..
mption expenditures
Personal <
New motor vehicles .
Autos
Light trucks
Net purchases of used autos .
Private fixed investment.,
New motor vehicles
Trucks
Light trucks
Other
Net purchases of used autos .
int
Gross goi
mtln
Autos ,
New trucks .
Net exports
Exports
Autos
Trucks ,
Imports
Autos ..,
Trucks ,
Change in private inventories .
Autos
....
New
Domestic
Foreign
Used .

106.58
100.00 101.45
100.00 110.89
96.04 100.00 103.20
99.61 100.00 102.90
99.65 100.00 101.65
102.00 100.00 101.04
96.83 100.00 102.37
99.48 100.00 106.62
90.67 100.00 106.91
92.45 100.00 106.71
95.64 100.00 101.28
89.42 100.00 111.90
78.05 100.00 114.67
111.25 100.00 106.61
98.65 100.00 106.02
100.06 100.00 110.38
103.79 100.00 91.08
98.02 100.00 121.07
99.88
105.87
94.86

100.00

114.56
104.87
122.70

1998

1997

I
91.94 104.91 104.27
87.26 109.89 106.61
95.85 100.72 102.31

II

III

98.88
96.24
101.11

101.58
95.99
106.31

102.60
101.00
103.95

109.28
103.56
114.08

112.84
105.24
119.23

99.46 101.35

100.85

98.17

106.32

107.45

99.21
98.03
97.81
98.31
102.65

98.38

99.03
98.92
99.16

101.77
100.19
101.61
98.51
106.44

97.93
95.16
94.36
96.11
106.20

105.99
105.31
104.65
106.09
108.00

105.92
105.94
103.55
108.77
105.85

97.99 102.89

112.55

99.62

114.53
115.33
111.43
119.94
112.04

100.66
102.33
101.87
102.87
95.83

101.75
100.61
101.40
99.66
105.05

115.07
114.37
102.10
126.11
126.47
125.29
111.81

94.90
95.18
95.98
94.40
90.97
101.02
96.24

99.19
102.12
96.40
93.94
101.15
103.42

103.54
105.10
102.04
102.45
101.27
105.83

104.22
102.09
96.80
107.16
112.65
96.56
94.52

106.36
106.22
104.27
108.08
112.46
99.68
105.73

103.76
103.79
100.31
107.11
110.69
100.28
103.94

108.55
108.11
102.25
113.70
116.70
108.00
106.50

109.63
95.01
117.67

111.62
105.39
115.01

9276
87.51
95.63

91.37
88.26
93.08

104.25
118.84
96.29

103.21
92.85
108.96

109.77
84.62
123.75

124.01
90.90
142.47

108.95
108.73
98.29
118.71
118.82
118.47
107.90
104.51
95.94
109.08

105.28
98.31
118.29
109.75
108.65
115.03

100.44
94.32
111.90
116.94
118.90
107.48

98.85
103.76
89.63
96.49
97.41
92.06

95.00
92.86
99.03
100.25
99.59
103.45

103.05
103.52
102.14
104.12
103.56
106.82

103.10
99.86
109.21
99.14
99.45
97.67

99.27
95.10
107.11
111.32
111.26
111.63

104.20
102.09
108.21
109.60
108.72
113.82

107.80
99.05
124.16
111.73
109.64
121.82

109.83
97.02
133.69
106.33
104.98
112.87

III

111.60
102.91
118.90
109.34
110.45
110.46
108.03
113.34
110.47
111.21
111.20
103.05
118.97
120.10
116.80
111.18
99.81
83.70
108.74

109.24
95.36
120.90
114.22
114.38
119.66
114.98
125.20
98.37

110.92
104.55
116.25

112.08
110.45
106.64
114.95
116.85

121.22
120.75
116.09
126.27
122.46

121.64
121.16
117.93
125.00
122.93

115.46
115.85
105.55
125.70
130.27
117.20
117.37

109.39
108.79
94.31
122.66
119.31
128.60
106.58

124.22
121.64
105.49
137.11
136.20
138.57
112.09

126.04
123.88
102.09
144.69
145.83
142.43
115.90

99.64
134.50

92.83
101.40

118.22
103.89
126.04

107.78
95.31
114.58

129.05
102.74
150.81
119.13 122.35
124.66 125.42
125.72 126.73
124.82 123.82
126.82 130.19
121.26 121.26
129.17 140.77
127.75 137.08
107.97 111.31
146.67 161.67
148.90 168.46
142.44 149.20
122.60 123.47
99.74 120.90
92.29 108.30
103.70 127.74

110.78
99.58
131.64
114.13
115.32
108.42

102.64
92.92
120.74
113.79
116.58
100.38

89.29
85.02
97.31
112.78
114.01
106.86

99.04
99.75
97.92
127.05
129.71
114.27

92.12
90.26
95.69
138.59
139.67
133.39

100.78
102.60
97.65
139.34
136.13
154.67

93.57
89.60
100.95
147.96
148.50
145.37

130.87

126.49
116.65
134.74

115.28

108.03

122.02

119.36
99.19
136.08

121.80
101.00
139.04

95.31
100.22
86.12
97.21
97.72
94.78

100.00
100.00
100.00
100.00
100.00
100.00

96.38

100.00

104.60

114.56

98.93

100.09

100.29

100.69 103.49

100.44

107.51

106.98

110.37

115.02

110.65

122.21

122.79

125.48

88.43

100.00

106.74

112.00

93.94

98.78

104.02

103.27 107.61

104.55

108.14

106.64

110.01

115.59

104.46

117.95

119.83

124.57

134.49

102.73
102.66

100.00
100.00

99.77
109.27

98.16
129.63

91.78
98.33

106.41
98.53

106.92
101.28

94.89
101.86

97.95 98.47
108.66 103.55

101.43
112.24

101.23
112.64

97.03
125.05

90.52
132.42

99.05
121.33

106.06
139.71

98.93
136.53

99.28
146.46

103.89
148.56

New trucks
Domestic
Foreign
Addenda:
Final sales of motor vehicles to domestic
purchasers.
Private fixed investment in new autos and new
light trucks.
Domestic output of new autos 2
Sales of imported new autos 3

1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.







December 1999

SURVEY OF CURRENT BUSINESS
Table 7.19,—Chain-Type Quantity Indexes for Gross and Net Investment
by Major Type
[Index numbers, 1996=100]
Line

1995

1996

1997

1998

91.79
95.04
86.26

111.51 124.52
106.39
120.22

115.05
140.60

91.46

95.04
84.96

108.52
106.39
112.40

121.37
115.05
132.85

•

90.89
94.30
81.69

110.71
106.85
121.11

124.80
115.33
150.38

Structures....
Less: Consumption of fixed capital ....
Equals: Net structures

93.39
99.04
84.01

108.45
101.89
119.32

112.93
104.09
127.58

Equipment and software .
Less: Consumption of fixed capital ....
Equals: Net equipment and software .

90.08
93.04
80.45

111.48
108.24
122.05

129.09
118.55

Residential
....
Less: Consumption of fixed capital
Equals: Net residential
........

93.13
98.99
89.21

102.35
102.53
102.22

111.78
105.20
116.19

96.28
97.36
93.81

102.45
103.00
101.19

106.49

102.21
101.81
102.63

102.01

Gross private doi
»tment.
Less: Consumption of fixed capital ,
Equals: Net private domestic investment
Fixed Investment
Less: Consumption of fixed capital
Equals: Net fixed investment.,

.

SJ A HrafeIrf Anil ol

Less: Consumption of fixed capital
Equals: Net nonresidential

Gross
Less:
Equals: Net government investment....
Federal
National defense
Nondefense
State and local

106.37
106.77

97.76

100.00

Structures
Less: Consumption of fixed capital
Equals: Net structures
Federal
NationaTdefei^
Nondefense
„
State and local

98.69
98.20
99.20

100.00
100.00
100.00

99.39

100.00

107.24

103.80

Equipment and software
Less: Consumption of fixed capital
Equals: Net equipment and software -

93.28

96.78
45.04

100.00
100.00
100.00

102.76
103.85
87.81

112.71
108.43
171.77

87.25

100.00

120.20

149.42

Nationai'defense"
Nondefense
State and local.

......

40

109.28

103.57
100.36

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; change in inventories is included in government consumption expenditures.

•

11?

Il8

SURVEY OF CURRENT BUSINESS

• December 1999

8* Supplementary Tables.
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates

Une

1995

Gross domestic product
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

1996

1997

1996

1997

1999

1998

5.6
3.7
1.8
1.8

6.2
4.5
1.7
1.7

5.5
4.3
1.2
1.2

8.3
6.9
1.3
1.3

4.0
2.2
1.8
1.7

6.4
4.9
1.4
1.4

7.4
4.9
2.4
2.4

6.7
5.1
1.5
1.5

5.2
4.0
1.2
1.1

4.3
3.1
1.3
1.2

7.7
6.7
1.0
.9

3.4
2.1
1.1
1.3

5.4
3.8
1.4
1.5

7.D
5.9
.9
1.0

5.7
3.7
2.0
2.0

3.3
1.9
1.3
1.4

6.7
5.5
1.1
1.1

5.4
3.0
2.2
2.2

5.4
3.3
2.0
2.0

5.5
3.7
1.7
1.7

5.9

7.0
4.5
2.4
2.4

3.5
2.2
1.4
1.4

5.8
3.2
2.5
2.5

7.1
4.9
2.1
2.1

2.6
1.8
.8
.8

7.7
6.6
1.1
1.1

4.5
3.4
1.2
1.2

6.1
5.6
.5
.5

7.3
6.1
1.1
1.1

5.1
3.9
1.2
1.2

5.8
4.6
1.2
1.2

8.1
6.5
1.4
1.4

7.4
5.1
2.2
2.2

6.5
4.6
1.9
1.9

Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

5.2
4.6
.5
.5

4.5
5.6
-1.0
-1.0

4.3
6.6
-2.2
-2.2

8.6
11.3
-2.4
-2.4

4.4
4.1
.2
.2

10.1
13.0
-2.5
-2.5

-2.9
-1.5
-1.4
-1.4

3.2
5.0
-1.8
-1.8

9.7
10.9
-1.1
-1.1

-5.1
-1.5
-3.7
-3.7

16.3
20.2
^.3
-3.3

2.4
5.0
-2.5
-2.5

15.1
16.9
-1.5
-1.5

8.9
11.2
-2.0
-2.0

1.8
4.1
-2.3
-2.3

15.7
20.4
-5.9
-3.9

9.3
12.4
-2.8
-2.8

7.0
9.1
-1.9
-1.9

5.5
7.7
-2.0
-2.0

Nondurable goods;
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

4.1
3.0
1.1
1.1

5.1
2.9
2.1
2.1

4.3
2.9
1.3
1.3

4.1
4.0
0
.1

5.7
2.4
3.2
3.2

8.0
4.2
3.6
3.6

7.7
4.0
3.6
3.6

5.6
3.8
1.7
1.7

-.8
-.2
-.6
-.6

6.3
5.7
.6
.6

1.2
.3
.9
.9

4.3
5.8
-1.4
-1.4

6.5
6.7
-.2
-.2

3.7
2.4
1.2
1.2

5.0
1.3
1.3

10.7
8.9
1.6
1.6

8.5
3.3
5.1
5.1

6.4
3.5
2.9
2.9

6.0
2.8
3.2
3.2

5.7
3.0
2.6
2.6

6.3
3.6
2.6
2.6

6.2
4.0
2.1
2.1

6.2
3.7
2.4
2.4

5.9
3.0
2.8
2.8

5.5
2.9
2.6
2.6

5.3
2.4
2.8
2.8

7.4
4.3
3.0
3.0

6.1
3.5
2.5
2.5

6.8
4.5
2.2
2.2

6.7
4.6
2.0
2.0

5.2
3.3
1.8
1.8

7.4
4.8
2.5
2.5

6.6
4.7
1.8
1.8

3.7
1.5
2.2
2.2

6.5
4.2
2.2
2.2

7.0
5.2
1.7
1.7

6.8
4.5
2.2
2.2

4.2
3.0
1.2
1.2

8.7
9.0
-.3
-.3

11.3
11.5
-.2

10.7
11.7

5.9
7.1
-1.1
-1.1

21.7
22.5
-.8
-.6

17.7
16.5
1.1
1.0

.6
.7
-.3
-.2

14.0
14.0
-.3
0

21.1
22.0
-.6
-.7

1.1
1.0
.4
.1

7.0
8.0
-.6
-1.0

29.5
33.4
-2.2
-3.0

-5.0
-4.7
-1.0
-.3

11.2
10.4
-.2
.7

12.2
11.5
-.2
.7

3.6
3.6

-2.2
-2.1
-.4
-.1

13.4
14.0
-.5
-.5

7.4
6.0
1.2
1.2

9.2
9.3
-.1
-.1

8.5
8.5
-.1
-.1

11.0
11.8

11.1
12.0
-.8
-.8

13.0
13.9
-.8
-.8

10.7
9.6
1.0
1.0

6.1
6.2
-.1
-.1

7.6
7.9
-.2
-.2

8.2
8.6
-.3
-.3

12.5
12.0
.5
.5

3.3
4.1
-.7
-.7

21.0
23.4
-1.9
-1.9

11.4
12.5
-.9
-.9

2.1
2.0
.1
.1

13.6
13.8
-.2
-.2

9.4
9.1
.3
.3

6.5
6.6
-.1
-.1

8.2
8.3
-.1
-.1

Nonresidential:
Current dollars
Chain-type quantity index....
Chain-type price index
implicit price aenaior

10.2
9.8
.4
.4

9.0
10.0
-.9
-.9

9.6
10.7
-1.0
-1.0

10.7
12.7
-1.8
-1.8

11.3
13.1
-1.6
-1.6

9.7
11.6
-1.7
-1.7

13.4
13.6
-.2
-.2

9.1
10.0
-.8

8.4
9.6
-1.0
-1.1

8.7
9.9
-1.1
-1.1

15.2
16.0
-.7
-.8

1.5
3.2
-1.7
-1.7

23.3
26.7
-2.6
-2.6

9.7
12.1
-2.2
-2.2

-1.3
0
-1.4
-1.4

13.2
15.3
-1.8
-1.8

6.8
7.8
-.9
-.9

5.5
7.0
-1.4
-1.4

11.8
13.3
-1.4
-1.4

Structures:
Current dollars
Chain-type quantity index
Chain-type price index ....
Implicit price deflator

9.1
4.8
4.2
4.2

9.9
7.1
2.7
2.7

12.9
8.5
4.1
4.1

7.4
4.1
3.1
3.1

12.9
10.6
2.0
1.9

12.9
10.5
2.2
2.2

12.0
7.5
4.2
4.2

27.1
23.0
3.4
3.4

12.7
8.0
4.3
4.3

.4
-4.0
4.6
4.6

17.1
11.2
5.3
5.3

8.5
4.3
3.9
3.9

6.8
5.7
1.0
1.0

10.1
7.1
2.8
2.8

-3.2
-6.6
3.6
3.6

9.5
5.8
3.5
3.5

-4.6
1.3

-3.2
-5.3
2.2
2.2

1.7
-1.5
3.3
3.3

Equipment and software:
Current dollars
Chain-type quantity index
Chain-type price index ....
Implicit price deflator

10.6
11.5
-.8

8.7
11.0
-2.1
-2.1

8.5
11.5
-2.6
-2.6

11.8
15.8
-<3.4
-3.4

10.8
14.0
-2.8
-2.8

8.7
12.0
^3.0
-2.9

13.8
15.7
-1.7
-1.6

3.6
5.9
-2.2
-2.2

7.0
10.1
-2.8
-2.8

11.7
15.2
-3.0
-3.0

14.5
17.7
-2.7
-2.7

-.8
2.8
-3.6
-3.6

29.6
34.7
-3.8
-3.8

9.5
13.8
-3.8
-3.8

-.7
2.4
-2.9
-3.0

14.4
18.6
-3.5
-3.5

10.8
12.5
-1.6
-1.6

8.4
11.2
-2.5
-2.5

15.0
18.2
-2.7
-2.7

Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

-.1
-3.6
3.6
3.6

9.7
7.4
2.1
2.1

5.1
2.3
2.7
2.7

12.0
9.2
2.6
2.6

10.4
8.8
1.5
1.5

22.8
20.6
1.8

3.4
-1.0
4.4
4.4

-2.2
-4.1
2.0
2.0

5.3
3.0
2.3
2.3

7.0
4.7
2.1
2.1

4.8
.6
4.2
4.1

9.2
6.6
2.4
2.4

14.3
14.0
.3
.3

16.9
13.6
3.0
3.0

12.7
8.0
4.4
4.3

14.7
9.8
4.5
4.5

17.3
12.9
4.0
4.0

9.3
5.5
3.6
3.6

-1.2
-4.8
3.7
3.7

Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

12.9
10.3
2.3
2.3

6.8
8.3
-1.4
-1.4

10.7
12.7
-1.8
-1.8

-.2
2.2
-2.3
-2.3

1.6
2.3
-.7
-.7

5.4
6.9
-1.4
-1.4

.4
3.5
-3.0
-3.0

23.8
29.0
-4.0
-4.0

7.4
8.8
-1.2
-1.3

16.3
16.2
.1

.1

10.0
11.5
-1.3
-1.3

0
1.8
-1.7
-1.7

-5.6
-1.5
-4.2
-4.2

-5.7
-4.0
-1.8
-1.8

-4.5
-1.7
-2.9
-2.9

14.5
16.1
-1.3
-1.3

-5.9
-5.5
-.5
-.5

4.7
4.0
.7
.7

13.1
11.7
1.2
1.2

Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

14.6
11.9
2.4
2.4

5.9
8.7
-2.6
-2.6

11.4
14.5
-2.7
-2.7

-1.1
2.1

2.2
4.9
-2.6
-2.6

2.4
4.3
-1.9
-1.8

2.7
7.9
-4.9
-4.9

16.3
24.3
-6.5
-6.5

13.3
14.4
-.8
-.9

17.0
18.3
-1.1
-1.1

11.6
13.0
-1.3
-1.3

.7
3.5
-2.7
-2.7

-7.3
-2.8
-4.6
-4.6

-11.6
-8.8
-3.0
-3.0

-2.7
1.6
-4.2
-4.2

16.6
19.4
-2.3
-2.3

-10.5
-9.3
-1.4
-1.4

3.7
4.3
-.6
-.6

16.7

Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

8.9
6.6
2.2
2.2

9.0
7.1
1.7
1.7

-.1
-4.0
4.1
4.1

13.3
13.5
-.2
-.2

-5.0
-6.7

44.1
41.0
2.2
2.2

-5.5
-3.5
-2.1
-2.0

14.6
11.1
3.1
3.1

6.2
7.6
-1.4
-1.3

-1.7
-2.5
.8
.8

-1.5
1.7
-3.1

9.9
8.8
1.0
1.0

-8.5
-8.8
.3
.3

9.8
8.6
1.1
1.1

5.7
4.1
1.5
1.5

7.1
3.2
3.8
3.8

5.1
2.7
2.3
2.3

Personal consumption expenditures:
Current dollars
,
Chain-type quantity index
Chaifrtype price index
Implicit pricG OGffdtor •••••••••••••••••••«•••

Services:
Current dollars..
Chain-type quantity index
Chain-type price index
Implicit price deflator

,

Gross private domestic investment
Current dollars
Chain-type quantity index
,
Chain-type price index
Implicit price deflator
Fixed investment
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

,

See footnote and note at the end of the table.




4.9

.9
.9

-.1

-.3

1.9
1.9

.1
0

-5.8

1.3

15.8
.8
.8

SURVEY OF CURRENT BUSINESS

December 1999 •

11<)

Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Une

1995

1996

1997

1996

1998

1997

I

II

III

IV

1998

I

II

III

IV

1

1999

II

III

IV

1

II

III

Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

57
58
59
60

11.2
8.2
2.7
2.7

6.7
8.6
-1.8
-1.8

9.7
13.7
-3.6
-3.6

5.6
11.6
-5.3
-5.3

9.0
10.8
-1.6
-1.6

11.4
13.3
-1.8
-1.7

9.4
14.4
-4.4
-4.4

7.0
6.3
.6
.7

10.2
15.5
-4.6
-4.6

10.4
19.1
-7.3
-7.3

14.7
17.6
-2.4
-2.4

2.5
5.2
-2.5
-2.5

2.1
14.4
-10.7
-10.8

8.4
13.0
-4.0
-4.0

.3
5.2
-4.6
-4.6

10.5
10.8
-.3
-.3

9.2
12.5
-3.0
-3.0

20.4
14.4
5.2
5.2

21.6
14.6
6.2
6.2

Imports of goods:
Current dollars...
Chain-type quantity index
Chain-type price index
Implicit price deflator

61
62
63
64

12.0
9.0
2.7
2.7

6.7
9.4
-2.5
-2.5

9.5
14.2
-4.1
-4.1

5.1
11.7
-5.9
-5.9

9.3
11.9
-2.3
-2.3

12.5
15.2
-2.4
-2.3

8.6
14.9
-5.5
-5.4

7.9
7.5
.2
.3

8.9
14.6
-4.9
-4.9

10.6
21.2
-8.7
-8.7

14.5
17.0
-2.1
-2.1

2.4
5.2
-2.6
-2.6

1.4
14.0
-11.1
-11.1

7.3
13.6
-6.6
-5.6

-.8
4.9
-5.4
-5.4

11.5
12.8
-1.2
-1.2

9.4
12.6
-2.9
-2.9

21.2
15.5
4.9
4.9

24.1
17.2
5.8
5.8

Imports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

65
66
67
68

7.2
4.1
3.0
3.0

6.6
4.8
1.7
1.7

10.6
11.2
-.5
-.5

8.4
10.8
-2.2
-2.2

7.6
5.6
1.9
1.9

5.6
4.1
1.4
1.4

13.4
11.8
1.5
1.5

2.6
0
2.5
2.6

17.3
20.6
-2.8
-2.8

9.3
8.6
.6
.6

15.6
20.7
-4.2
-4.2

3.2
5.3
-2.0
-2.0

6.2
16.7
-8.9
-9.0

14.5
9.7
4.4
4.3

5.7
6.4

-i

6.0
1.6
4.4
4.4

8.2
11.9
-3.3
-3.3

16.2
8.9
6.7
6.7

9.8
1.7
8.0
8.0

Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

69
70
71
72

3.3
.5
2.8
2.8

3.6
1.1
2.5
2.5

4.2
2.3
1.8
1.8

3.3
1.7
1.5
1.5

8.4
3.3
5.0
5.0

5.9
7.5
-1.5
-1.5

.1
-2.3
2.4
2.4

4.4
2.5
1.8
1.8

4.8
1.7
3.1
3.1

6.4
5.7
.7
.6

3.2
1.7
1.4
1.4

2.5
-.1
2.6
2.6

-.1
-1.0
.9
.9

7.5
6.0
1.4
1.4

3.2
1.3
2.0
2.0

4.2
2.9
1.3
1.3

9.1
5.1
3.8
3.8

4.3
1.3
2.9
2.9

7.8
4.2
3.4
3.4

Federal:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

73
74
75
76

.1
-2.7
2.9
2.9

1.9
-.9
2.9
2.9

1.2
-.1
1.3
1.3

.2
-.9
1.1
1.1

15.1
9.6
5.1
5.0

5.1
8.7
-3.3
-3.3

-5.9
-7.7
1.9
1.9

.3
-1.3
1.6
1.6

.6
-2.8
3.5
3.5

10.0
9.9
.2
.1

-1.6
-1.3
-.2
-.2

-2.8
-4.2
1.5
1.5

-6.0
-9.8
2.0
2.0

12.9
11.9
.9
.9

-1.9
-2.3
.4
.4

5.3
3.9
1.4
1.4

8.1
-.5
8.6
8.6

3.0
2.1
.9
.9

5.7
3.9
1.8
1.8

National defense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator .

77
78
79
80

-1.3
-3.7
2.5
2.5

1.8
-1.3
3.2
3.2

-1.3
-2.5
1.2
1.2

-1.1
-1.9
.8
.8

15.4
7.0
7.8
7.8

5.9
7.7
-1.6
-1.6

-6.1
-8.1
2.2
2.2

-.7
-2.4
1.7
1.7

-8.7
-11.3
2.9
2.9

9.5
9.6
-.1
-.2

-.5
-.2
-.4
-.4

-.9
-2.4
1.5
1.5

-15.6
-17.0
1.6
1.6

11.1
11.1
-.1
0

7.9
7.0
.9
.9

-2.0
-2.9
1.0
1.0

3.3
-4.0
7.6
7.6

-1.6
-2.6
1.0
1.0

13.4
11.4
1.8
1.8

Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

81
82
83
84

3.0
-.5
3.5
3.5

2.1
0
2.1
2.1

6.1
4.6
1.4
1.4

2.6
1.0
1.6
1.6

14.5
14.9
-.4
-.4

3.5
10.8
-3.5
-6.6

-6.5
-6.8
1.4
1.4

2.3
.8
1.5
1.5

21.6
16.0
4.7
4.8

11.1
10.3
.7
.7

-3.5
-3.6
.1
.1

-6.2
-7.7
1.6
1.6

8.3
5.4
2.7
2.7

16.1
13.2
2.6
2.6

-17.8
-17.4
-.4
-.4

20.3
17.8
2.1
2,1

17.2
6.1
10.4
10.4

11.7
10.9
7

-6.5
-8.1
1.7
1.8

State and local:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

85
86
87
88

5.4
2.5
2.8
2.8

4.7
2.4
2.2
2.2

5.9
3.8
2.1
2.1

5.1
3.2
1.8
1.8

4.6
-.3
4.9
4.9

6.4
6.9
-.4
-.4

3.9
1.1
2.7
2.7

6.9
4.9
2.0
2.0

7.3
4.4
2.8
2.8

4.4
3.4
.9
.9

6.0
3.5
2.4
2.4

5.7
2.4
3.2
3.2

4.4
4.1
.3
.3

4.7
3.0
1.7
1.7

6.1
3.3
2.8
2.8

3.7
2.3
1.3
1.3

9.7
8.2
1.4
1.4

4.9
.9
4.0
4.0

9.0
4.4
4.3
4.3

Addenda:
Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

89
90
91
92

5.4
3.2
2.1
2.2

5.6
3.7
1.9
1.9

5.8
4.0
1.7
1.7

5.5
4.3
1.2
1.2

6.2
3.6
2.5
2.5

7.0
5.7
1.3
1.3

2.9
1.2
1.7
1.7

7.3
5.8
1.4
1.4

6.4
4.0
2.4
2.4

4.7
3.1
1.6
1.6

7.0
5.8
1.2
1.2

3.7
2.4
1.3
1.2

6.3
5.1
1.1
1.1

6.3
5.1
1.2
1.2

3.8
2.4
1.4
1.4

7.2
6.2
.9
.9

6.7
4.6
2.0
2.0

4.8
3.4
1.4
1.4

5.8
4.6
1.2
1.2

Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

93
94
95
96

4.8
2.6
2.2
2.2

5.6
3.8
1.7
1.8

6.2
4.7
1.4
1.4

6.2
5.4
.7
.7

6.3
3.9
2.3
2.3

9.0
7.7
1.2
1.2

5.0
3.5
1.5
1.5

4.7
2.7
1.9
1.9

7.8
5.7
1.9
1.9

6.1
5.6
.6
.5

5.8
4.8
1.0
1.0

4.6
3.5
1.1
1.0

8.6
8.6
.1
-.1

5.1
4.1
.8
.9

5.8
4.6
1.1
1.2

6.6
5.5
1.0
1.1

7.5
5.8
1.6
1.6

5.2
3.2
1.9
1.9

7.9
6.1
1.7
1.7

Final sales to domestic purchasers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

97
98
99
100

5.3
3.0
2.2
2.2

5.6
3.8
1.8
1.8

5.7
4.2
1.4
1.4

6.2
5.4
.8
.8

7.1
4.6
2.4
2.4

7.7
6.4
1.2
1.2

4.0
2.5
1.5
15

5.6
3.5
2.0
20

6.8
4.8
1.9
19

4.2
3.5
.6
6

7.6
6.5
1.0
10

4.0
2.9
1.1

8.0
7.1
.8
8

4.3
3.2
1.1

1 •)

7.2
7.0
.2
2

1 •)

6.8
5.8
1.0
1 0

8.5
6.7
1.7
17

6.7
4.7
2.0
20

7.0
5.1
18
1 8

Gross national product
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

101
102
103
104

4.9
2.8
2.1
2.1

5.5
3.6
1.8
1.8

6.0
4.3
1.7
1.7

5.4
4.1
1.2
1.2

5.6
3.1
2.5
2.5

7.7
6.4
1.3
1.3

3.6
1.9
1.8
1.7

6.6
5.1
1.4
1.4

6.8
4.3
2.4
2.4

7.0
5.4
1.5
1.5

4.8
3.6
1.2
1.2

4.2
3.0
1.2
1.2

7.8
6.8
1.1
.9

3.3
2.0
1.1
1.3

4.1
2.6
1.4
1.5

7.4
6.3
.9
1.0

5.8
3.8
2.0
2.0

3.3
1.9
1.3
1.4

6.6
5.4
1.1
1.1

Command*basls gross national product:
Chain-type quantity index

105

2.7

3.7

4.6

4.5

3.2

6.4

2.1

4.6

4.8

6.4

3.8

3.1

7.8

2.3

2.7

6.2

4.1

1.4

4.8

Disposable personal income:
Current dollars
Chained (1996) dollars

106
107

5.0
2.7

4.7
2.6

5.4
3.6

5.1
4.1

5.1
2.7

4.6
2.1

6.0
4.6

4.3
1.7

6.6
4.4

5.1
4.2

4.7
3.6

5.6
4.3

4.5
4.0

4.9
3.8

5.7
4.5

6.0
4.8

5.6
4.1

5.5
3.2

4.6
2.7

108
109
110
111

22.1
53.7
-20.5
-20.5

112
55.3
-28.4
-28.4

6.3
45.4
-26.9
-26.9

10.7
53.9
-28.0
-28.0

18.0
73.4
-31.5
-31.9

-7.2
36.6
-32.1
-32.1

9.0
45.4
-252
-25.0

-5.3
33.0
-28.9
-28.8

14.1
56.1
-26.4
-26.9

10.3
51.2
-27.1
-27.1

13.9
53.6
-26.0
-25.9

^.5
19.9
-19.8
-19.5

22.6
66.8
-27.9
-26.5

15.3
62.2
-29.4
-28.9

7.4
77.5
-<39.9
-39.5

-.3
44.4
-31.2
-30.9

-6.1
31.6
-28.6
-28.6

21.4
44.2
-15.8
-15.8

28.2
58.7
-19.2
-19.2

112
113
114
115

4.8
2.3
2.4
2.4

5.5
3.2
2.2
2.2

6.2
4.1
2.0
2.0

5.5
3.9
1.6
1.6

5.3
2.4
2.9
2.9

8.4
6.6
1.7
1.7

3.9
1.8
2.1
2.0

6.5
4.6
1.8
1.8

7.4
4.5
2.7
2.8

6.7
4.7
1.9
1.9

5.1
3.6
1.5
1.5

4.4
2.9
1.5
1.4

7.5
6.2
1.4
1.3

3.3
1.6
1.5
1.7

5.3
3.2
2.0
2.1

7-1
5.5
1.3
1.4

5.8
3.4
2.4
2.3

3.1
1.5
1.5
1.6

6.5
5.1
1.3
1.3

116
117
118
119

4.6
2.1
2.4
2.4

5.5
3.3
2.1
2.1

6.1
4.3
1.8
1.8

6.1
4.8
1.2
1.2

6.4
3.5
2.8
2.7

9.1
7.3
1.7
1.7

5.0
3.1
1.8
1.8

4.7
2.4
2.3
2.3

7.7
5.3
2.3
2.3

6.1
5.1
.9
.9

5.7
4.3
1.4
1.4

4.7
3.2
1.5
1.4

8.2
7.8

5.0
3.5
1.3
1.4

5.8
4.0
1.6
1.8

6.6
4.9
1.5
1.6

7.4
5.3
2.0
2.0

4.9
2.6
2.2
2.3

7.8
5.6
2.1
2.1

Government consumption expenditures and gross

l

Final sales of computers :
Current dollars
Chain-tvoe auantitv index
Chain-typfl pries index
Implicit pried Q6fl3tor

.•««........••

Gross domestic product less final sales of
computers:
Current dollars
Chain-type quantity index .
Chain-type price index
Implicit price deflator
Gross domestic purchases less final sales of
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator

1. For some components of final sales of computers, includes computer parts.
NOTE.— Contributions to the percent change in real gross domestic product are shown in table 8.2.




!4

SURVEY OF CURRENT BUSINESS

120 • December 1999

Table 8.2.—Contributions to Percent Change in Real Gross Domestic Product
Seasonally adjusted at annual rates

Line

1995

1996

1997

1998

1997

1996

I

II

III

IV

I

II

1998

IV

III

1

II

1999

III

IV

I

II

III

Percent change at annual rate:
Gross domestic product

1

2.7

3.7

4.5

4.3

2.9

6.9

2.2

4.9

4.9

5.1

4.0

3.1

6.7

2.1

3.8

5.9

3.7

1.9

5.5

Percentage points at annual rates:

2

2.04

2.22

2.51

3.24

2.17

3.06

1.41

2.14

3.28

1.24

4.29

2.22

3.75

3.96

2.64

3.13

4.27

3.36

3.13

Durable goods
Motor vehicles and parts
Furniture and household equipment
Other

3
4

.37
-.02
.28
.10

.44
.04
.30
11

.51
.09
.31
.10

.86
.33
.39
13

.32
.13
.08
.11

.99
.14
.59
.26

-.12
-.22
.08
02

.39
-.09
.34
.13

.81
.39
.28
.14

-.11
-.40
.30
-.01

1.42
.87
.38
.17

.38
-.02
.31
.09

1.24
.52
.52
.20

.84
.47
.23
.14

.33
-.23
.47
.08

1.51
.94
.44
.13

.96
.13
.55
.28

.71
.30
.34
.08

.62
.10
.40
.13

Nondurable goods ...

7
8
9
10
11

.60
.16
.18
.05
.21

.60
.12
.19
.05
.24

.59
.17
.16
.02
.24

.79
.26
.25
.01
.27

.47
.20
.12
.04
.11

.86
.06
.38
.06
.36

.44
-.01
.19
.02
.24

.79
.17
.14
.04
.45

.78
.53
.18
-.07
.14

-.02
-.10
-.15
.13
.09

1.11
.28
.49
.01
.34

.06
-.15
.11
-.04
.14

1.15
.35
.51
-.02
.31

1.28
.60
.24
.07
.36

.49
.23
-.04
.03
.27

.98
.60
.16
-.05
.27

1.68
.20
.82
.04
.62

.64
.24
.09
.04
.28

.71
.19
.20
.09
.23

12
13
14
15
16
17
18
19
20

1.08
.20
.15
.03
.12
.16
20
.17
.20

1.18
.12
.18
.05
.13
.17
22
.12
.37

1.41
.18
.13
-.02
.14
.16
21
.10
.63

1.59
.24
.21
.03
.18
.10
29
.12
.63

1.39
.05
.43
.29
.14
.22
-02
.05
.67

1.22
.12
.08
-.12
.20
.14
46
.13
.29

1.09
.14
-.35
-.35
-.01
.13
18
.14
.85

.96
.18
.40
.21
.19
.17
43
.07
-.28

1.69
.22
-.08
-.16
.09
.25
-02
.13
1.19

1.38
.16
.25
.09
.16
.09
23
.09
.57

1.76
.20
.25
.01
.25
.14
25
.07
.84

1.78
.23
.45
.27
.18
.06
24
.12
.68

1.37
.31
-.20
-.39
.18
.13
42
.18
.53

1.85
.28
.53
.37
.15
.14
30
.05
.55

1.83
.20
.42
.20
.21
.01
19
.18
.83

.64
.21
-.37
-.49
.11
.07
.29
.12
.32

1.63
.31
.38
.24
.15
.08
16
.27
.43

2.01
.23
.21
.05
.16
.10
30
.31
.85

1.80
.27
.23
.12
.11
.12
43
.35
.39

21

47

137

182

193

116

326

2.50

15

213

3.33

^7

130

504

-85

174

194

67

-36

2.32

22
23
24
25
26

.88
1.03
.13
.90
.56

1.39
1.10
.20
.91
.62

1.31
1.22
.25
.97
.64

1.86
1.49
.13
1.37
.85

1.74
1.41
.28
1.13
.69

2.04
1.28
.29
.99
.53

1.43
1.47
.21
1.27
.63

.95
1.12
.61
.51
.44

1.19
1.07
.24
.83
.70

1.30
1.12
-.12
1.24
.61

1.80
1.78
.32
1.45
.91

.63
.38
.13
.24
.44

3.45
2.91
.18
2.73
1.20

1.95
1.42
.22
1.21
.83

.34
.01
-.21
.22
.71

2.20
1.79
.18
1.61
.80

1.48
.94
-.18
1.12
.80

1.10
.86
-.16
1.02
1.09

1.40
1.61
-.04
1.65
.96

27
28
29
30
31
32
33

.34
.11
12
.16
.11
.08
-.15

.34
.18
11
.07
.14
.07
.29

.32
.18
14
.06
.14
.13
.09

.45
.23
17
.08
.31
.12
.37

.30
.19
21
.21
.14
.08
.33

.27
.16
10
.13
.24
.10
.76

.31
.14
18
-.11
.57
.18
-.04

.22
.17
05
.04
-.05
.07
-.17

.32
.21
17
-.04
0
.18
.12

.34
.15
11
.27
.21
.15
.19

.41
.19
31
.10
.29
.15
.03

.20
.19
04
.10
-.26
-.03
.26

.66
.26
29
.09
1.17
.26
.54

.45
.23
14
.04
.13
.21
.53

.36
.25
09
.04
-.59
.06
.33

.43
.26
12
.01
.99
-.19
.41

.33
.16
30
-.17
.22
.27
.53

.40
.23
46
.07
.03
-.17
.24

.44
.25
27
.15
.68
-.14
-.22

Change In private inventories
Farm
Nonfarm

34
35

-.41
-.28
-.14

-.02
.24
-.26

.50
-.05

.07
-.02

1.07
.28

.68

.78

-.80
-.59
-.21

.94
-.43
1.37

2.02
.57
1.45

-1.63
-.04
-1.59

.66
-.14

.09

-.58
.29
-.87

1.22
.54

.55

.81

1.59
.01
1.58

-2.80
-.52
-2.27

1.40
.30
1.10

-.26
.58
-.84

-.80
-.16
-.64

-1.46
-.24
-1.22

.92
-.17
1.10

Net exports of goods and services

37

.12

-.14

-.25

-1.18

-1.03

-.79

-1.29

2.13

-.79

-.44

-.77

-.44

-1.90

-4.01

-.82

.33

-2.13

-1.35

-.65

38
39
40
41
42
43

1.07
.86
.20
-.95
-.87
-.08

.90
.68
.23
-1.04
-.94
-.09

1.40
1.12
.28
-1.65
-1.43
-.22

.25
.17
.08
-1.43
-1.21
-.22

.26
.40
-.14
-1.29
-1.18
-.11

.77
.35
.42
-1.55
-1.47
-.08

.38
.61
-.23
-1.67
-1.45
-.22

2.89
1.75
1.14
-.76
-.76
0

.98
1.09
-.12
-1.77
-1.39
-.38

1.75
1.39
.36
-2.19
-2.02
-.17

1.29
1.04
.25
-2.06
-1.67
-.39

.21
.29
-.08
-.64
-.54
-.11

-.16
-.22
.06
-1.74
-1.42
-.32

-.45
-.73
.28
-1.56
-1.36
-.20

-.18
.12
-.30
-.65
-.51
-.13

1.65
1.38
.27
-1.32
-1.29
-.03

-.61
-.74
.13
-1.52
-1.28
-.24

.42
.32
.10
-1.77
-1.59
-.19

1.21
1.12
.09
-1.86
-1.83
-.04

44

.09

.21

.42

.31

.59

1.37

-.41

.47

.32

1.02

.31

-.01

-.16

1.03

.23

.51

.87

.23

J6

Federal
National defense
Consumption expenditures
Gross investment
Nondefense
Consumption expenditures
Gross investment

45

-.20
-.19
-.16
-.03
-01
-.03
.02

-.06
-.06
-.08
.02
0
-.04
.04

-.01
-.11
-.04
-.07
10
.09
.02

-.06
-.08
-.10
.02
02
-.03
.05

.63

.60

-.18
-.52
-.32
-.20
34
.25
.08

-.28
-.10
-.16
.06
-17
-.06
-.11

-.64
-.76
-.58
-.18
.12
-.06
.18

-.12
0
-.12
.36
.30
.06

-.03
-.16
-.19
.03
13
.08
.06

.24

.42
.40
.02
27
.11
.17

-.14
.27
.01
.26
-.42
-.33
-.09

.13

.40
.32
.08
23
.10
.13

-.08
-.01
-.15
.14
-.08
-.02
-.06

.24

.36
.25
.11
24
.12
.12

-.08
-.10
.14
-.24
02
.08
-.06

.69

.32
.10
.22
31
.15
.17

-.54
-.38
-.24
-.14
-16
-.10
-.05

.63

46
47
48
49
50
51

-.10
-.21
.11
.23
.06
.17

.43
.44
-.01
-19
-.13
-.06

State and local
Consumption expenditures
Gross investment

52
53
54

.29
.19
.10

.28
.21
.07

.43
.30
.13

.37
.31
.06

-.04
-.06
.01

.78
.62
.16

.13
.12
.01

.55
.29
.26

.50
.29
.21

.39
.35
.04

.40
.29
.10

.27
.28
-.01

.48
.38
.10

.33
.32
.01

.37
.24
.13

.28
.29
-.02

.90
.31
.59

.10
.32
-.22

.51
.37
.15

55
56
57
58
59

1.47
1.22
.03
.02
.39

1.84
1.33
.50
0
.45

2.41
1.71
.38
.23
.39

2.26
1.55
.49
.26
.47

1.10
1.14
.65
-1.44
.57

3.39
2.29
1.22
1.87
.33

1.78
.38
.05
-.09
.38

1.63
2.70
.57
-.76
.29

3.25
1.18
.48
.38
.43

2.94
2.19
0
.14
.41

1.84
1.75
.41
.90
.43

1.37
1.48
.22
.47
.18

5.08
.80
.84
-.15
.54

-1.16
2.64
.65
-.30
.51

2.12
1.41
.25
.21
.62

4.26
1.18
.46
1.94
.40

1.14
1.65
.89
-.87
.29

.18
1.96
-.26
.29
.38

3.38
2.32
-.16
.87
.51

Personal consumption expenditures

Clothing and shoes
Gasoline, fuel oil, and other energy goods ....
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other

Fixed Investment
Nonresidential
Structures
Equipment and software
Information processing equipment
Computers and peripheral equipment
Software l .
Other
Industrial equipment
Transportation equipment
Other
Residential

Exports
Goods
Services

Goods "Z!!""""""""Z!Z""""!!!""!"ZZ
Services
Government consumption expenditures and

Addenda:
Goods
Structures
Motor vehicle output

Final sales of computers2

6

36

1. Excludes software "embedded," or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.




NOTE.-The quantity indexes on which the estimates in this table are based are shown in tables 7.1, 7.2, 7.4,
7.6, 7.9, 7.11, and 7.17.

SURVEY OF CURRENT BUSINESS

December 1999 •

121

Table 8.3.—Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product
Seasonally adjusted at annual rates
Line

1995

1997

1996

1996

1997

Percent change at annual rate:
Personal consumption expenditures

3.0

3.3

3.7

4.9

3.3

4.5

3.9

4.6

6.5

5.1

4.6

1.29

.49

2.24

1.45

1.07

.91

.71
.36
.21

-.34
.70
.12

1.40
.66
.19

.20
.63
.42

.45
.51
.12

.14
.59
.19

1.44

2.56

1.8

6.6

3.4

5.6

6.1

1.22

-,18

2.16

.57

1.85

.58
.42
.21

-.61
.45
-.02

1.32
.59
.25

.46
.14

.79
.77
.29

2.2

3.2

4.9

.58
-.33
.12
.04

-.13
.51
.20

Percentage points at annual rates:
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Clothing'arid shoesI"!!!!"!""!!!!!!!!!!!....."...."......."!!
Gasoline, fuel oil, and other energy goods
Gasoline and oil
Fuel oil and coal
Other
..
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
Addenda:
Energy goods and services l
Personal consumption expenditures less food and
energy.

.55

.66

.77

1.29

.49

1.47

-.03
.43
.16

.06
.44
.16

.14
.47
.16

.50
.59
.20

.20
.12
.16

.20
.87
.39

.90

.89

.87

1.19

.73

1.26

.67

1.18

1.17

-.05

1.71

.10

1.70

1.96

.72

.24
.27
.07
.05
.01
.31

.18
.29
.07
.08
0
.35

.25
.24
.03
.04
-.01
.36

.40
.38
.01
.03
-.01
.41

.31
.18
.06
.04
.02
.17

.08
.56
.08
.19
-.11
.53

-.02
.29
.03
.01
.02
.37

.26
.21
.06
.10
-.05
.66

.79
.27
-.10
-.06
-.04
.21

-.15
-.23
.20
.12
.08
.13

.43
.74
.01
0
.02
.52

-.23
.17
-.05
-.02
-.04
.21

.51
.76
-.03
.02
-.06
.47

.93
.37
.11
.08
.03
.55

.35
-.06
.04
.04
0
.40

.32
1.24
.06
-.03
.09
.94

.36
.14
.06
.03
.03
.42

.27
.30
.13
.14
-.01
.33

1.61

1.75

2.11

2.39

2.13

1.78

1.66

1.43

2.55

2.04

2.72

2.68

2.02

285

2.73

2.54

3.03

2.62

.29
.22
.05
.17
.24
.29
.25
.30

.17
.26
.07
.19
.26
.33
.18
.55

.27
.19
-.02
.21
.23
.32
.16
.94

.36
.31
.04
.28
.15
.44
.18
.95

.09
.65
.43
.21
.33
-.02
.07
1.01

.18
.12
-.18
.29
.20
.68
.19
.42

.22
-.53
-.52
-.01
.20
.27
.22
1.28

.27
.60
.31
.28
.25
.64
.10
-.42

.33
-.11
-.24
.13
.37
-.02
.20
1.78

.23
.37
.14
.23
.13
.33
.13
.85

.32
.39
.01
.37
.22
.39
.11
1.29

.34
.68
.41
.27
.09
.37
.18
1.02

.45
-.31
-.58
.27
.19
.62
.27
.78

.44
.80
.57
.23
.21
.48
.08
.85

.29
.63
.31
.32
.02
.28
.27
1.24

.49
.58
.36
.22
.12
.27
.40
.67

.35
.32
.07
.25
.15
.46
.47
1.28

.34
.17
.16
.17
.63
.51
.57

.12
2.69

.14
2.99

.01
3.49

.05
4.42

.49
2.53

-.09
4.51

-.48

.37
2.56

-.34
4.49

.34
1.62

.03
6.13

.36
3.22

-.61
5.67

.67
4.49

.34
3.25

.42
5.81

.13
4.58

.30
4.00

1. Consists of gasoline, fuel oil, and other energy goods, and of electricity and gas.
NOTE.-The quantity indexes on which the estimates in this table are based are shown in tables 7.4. The esti-

-.80
4.53

1.03

mates in this table differ from those in table 8.2 because this table shows contributions to real personal consumption
expenditures, whereas table 8.2 shows contributions to real gross domestic product.

Table 8.4.—Contributions to Percent Change in Real Private Fixed Investment by Type
Seasonally adjusted at annual rates

Une

Percent change at annual rate:
Private fixed Investment

1995

1996

1997

1996

1998

1999

1997

6.0

9.3

8.5

11.8

12.0

13.9

9.6

6.2

7.9

8.6

12.0

4.1

23.4

12.5

2.0

13.8

9.1

6.6

Percentage points at annual rates:
7.06

7.42

7.91

9.50

9.71

8.76

9.79

7.23

7.05

7.33

11.68

2.44

19.58

9.12

.04

11.20

5.59

5.04

9.51

Structures
Nonresidential buildings, including farm ..
Utilities
.7.
!.
Mining exploration, shafts, and wells
Other structures

.88
.95
.07
-.14
-.01

1.32

.81
.74
.18

1.96

1.57
.91
-.56
1.30
-.07

2.16
2.32
.20

.85

1.46
2.02
.48
-.17
-.87

1.43
1.03
.05
.20
.15

-1.27
-.21
.05
-.92
-.19

1.20
1.06
.25
-.20
.08

-1.09
-.25
-.15
-.63
-.06

-.97

-.09
-.02

1.39
1.41
-.06
.19
-.15

-J4

1.44
.03
.40
.09

1.97
1.75
-.11
.48
-.15

3.94

-.11

1.60
1.14
-.03
.47
.02

-.22
-.97
.18
.83
-.27

Equipment and software
Information processing equipment and
software.
Computers and peripheral equipment1
Software2
Other
Industrial equipment
Transportation equipment
Other

6.19
3.85

6.10
4.19

8.69
5.42

7.75
4.70

6.79
3.58

8.40
4.18

1.31
4.22

10.00
4.99

6.68
4.74

2.30
.75
.80
1.08
.73
.52

2.26
1.20
.74
.45
.96
.50

2.87
1.46
1.09
.53
1.96
.78

1.28
1.43
1.44
1.00
.60

1.81
1.06
.70
.89
1.61
.72

2.63
1.60
.76
.05
6.03
-1.07

1.98
.97
1.79
-1.03
1.33
1.63

-1.01

1.92

2.34

2.29

-1.05
-1.43
.33
.05

1.89
1.02
.17
.70

2.30
1.63
-.01
.69

2.31
1.50
.31
.50

.04

.03

.04

-.02

.09

Residential
Structures
Single family
Multifamily
Other structures

Equipment

1.25
-.07
.25

6.31

4.16
2.06
1.16
.94
.40

3.29

-1.12
.14
.25
0

-.50
.14

-.74
.04
.61
.94

9.52
5.90

1.59
2.78

18.12

7.96

7.69
5.21

2.63
1.26
2.00
.71
1.89
1.03

1.27
1.23
.28
.61
-1.60
-.20

4.24
1.76
1.97
.77
7.58
1.81

2.79
1.48
.94
.31
.86
1.31

2.15
1.51
.56
.22
-3.51
.37

8.07

2.86

5.48
4.53

2.01
.94
1.23
-.71
3.73
1.20

1.40
1.12
.34
.28
-.28
.43

2.09
1.35
1.09
-.25
.02
1.17

2.21
1.00
.74
1.77
1.35

5.13

-.19

-1.05

.82

1.25

.29

1.63

3.79

3.36

1.97

2.62

5.04
2.47
.58
1.99

-.18
.14
-.83
.51

-1.08
-.98
.18
-.28

.81
-.11
.56
.37

1.24

1.62
.96
.44
.21

3.72
2.71
.19
.82

3.30
2.35
-.45
1.41

1.96

2.59

.54
.19
.51

.25
-.17
-.29
.71

1.79
-.12
.29

1.65
-.02

-.01

.03

.01

.02

.04

.01

.07

.06

.01

1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
NOTE.-The quantity indexes on which the estimates in this table are based are shown in tables 7.6. The estimates in this table differ from those in table 8.2 because this table shows contributions to real private fixed invest-




3.29
.43
.28
-.06

3.96

ment, whereas table 8.2 shows contributions to real gross domestic product.

-1.54
-.04
.29

.31
8.01

6.40

9.73
5.67

2.35
1.34
2.71
.40
.20

2.58
1.48
1.61
.89
3.99
-.80

3.17

1.42

-1.23

1.36

-1.26

.96

3.09
1.85
.69
.55

-.02
-.12
1.60

-.97
-.03
-.26

.04

.09

.06

.04

SURVEY OF CURRENT BUSINESS

122 • December 1999

Table 8.5.—Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1996

1
Percent change at annual rats:
Exports of goods and services .......................

1

10.3

Percentage points at annual rates:
Exports of goods l ...

2
3
4
5
6
7
8

g

Foods, feeds, and beverages
industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Other
.!.
Exports of services1
Percent change at annual rate:
Imports of goods and services

8.3

12.7

838

6.19

.65
1.30
5.26
.45
.49
.24

-.10
.80
4.43
.31
.58
.18

1.95

10

2.2

2.3

1022

1.47

.01
1.40
6.52
.97
.78
.54

-.05
-.17
1.31
-.10
.20
.28

2.07

2.51

8.2

8.6

II

1997

III

IV

1

1999

1998

II

III

8.8

16.2

11.5

I

II

III

IV

1

1.8

-1.5

-4.0

-1.7

16.1

-5.5

4.0

11.7

IV

III

II

6.9

3.5

29.0

3.52

3.17

S51

17.80

977

12.78

917

2.46

-2.02

-6.46

1.07

13.34

-6.70

3.02

10.75

.95
.05
2.85
.10
1.08
-1.51

-1.08
-.56
2.59
.54
.25
1.43

-.22
1.46
2.02
2.09
.43
-.27

2.03
3.28
10.68
-.84
1.50
1.16

-1.09
.39
7.06
1.82
1.06
.53

-.32
2.50
7.87
1.25
.95
.53

-.01
.97
6.86
1.28
.02
.05

2.01
.37
-.75
-.12
.31
.65

-.80
-.80
-.39
.43
-.14
-.33

-1.14
-1.53
-2.98
-1.86
.41
.64

-.97
-.56
4.32
-1.85
.56
-.44

2.29
1.42
4.97
2.77
-.39
2.28

-1.61
-1.94
-2.78
-1.39
.23
.79

1.06
1.15
-.45
1.46
-.18
-.02

1.02
.97
8.64
.37
.50
-.75

.72

-1.24

3.72

-2.05

11.24

-.98

3.37

2.30

-.71

.49

2.50

-2.73

2.75

1.23

.98

.95

13.7

11.6

10.8

13.3

14.4

6.3

15.5

19.1

176

5.2

14.4

13.0

5.2

10.8

12.5

14.4

14.6

Percentage points at annual rates:
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products.
Petroleum and products
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Other
Imports of services 1

11

7.52

7.85

11.90

9.81

9.90

12.56

12.43

6.30

12.20

17.41

14.24

4.34

11.75

11.32

4.11

10.50

10.07

12.82

16.79

12
13

.08
.66

.37
.78

.38
1.10

.28
1.38

.72
1.74

.33
1.35

.69
2.15

.19
.85

.19
.16

.62
2.00

.90
1.41

-.08
.55

.34
2.20

.22
2.26

.25
.73

.07
-.69

.32
,02

.78
1.17

.35
1.58

14
15
16
17
18

-.10
5.12
.24
1.39
.11

.53
4.14
.48
1.28
.27

.34
5.80
1.12
2.54
.62

.41
3.52
.88
2.48
.86

-.65
2.50
2.24
3.10
.28

3.76
2.64
2.73
1.32
.56

.45
4.67
1.72
3.43
-.49

-1.29
5.89
-2.17
2.65
.24

-.53
5.98
4.85
1.24
.46

2.42
7.43
-.25
4.10
1.44

.50
6.12
1.15
2.74
1.71

-.86
2.71
-.92
2.88
.11

.40
3.85
2.32
2.31
.48

1.77
2.97
.22
3.41
.60

.12
1.20
-.14
1.03
.95

-1.17
2.82
5.95
.70
2.90

.27
2.23
3.44
2.88
.93

1.06
6.43
1.14
1.85
.54

-.60
6.32
4.28
3.69
1.39

19

.68

.79

1.82

1.78

.93

.77

1.97

.01

3.30

1.65

3.34

.88

2.69

1.68

1.06

.35

1.90

1.57

.42

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment were reclassified from
goods to services.

NOTE.-The quantity indexes on which the estimates in this table are based are shown in tables 7.10. The estimates in this table differ from those in table 8.2 because this table shows contributions to real exports and to
real imports, whereas table 8.2 shows contributions to real gross domestic product. As a result, the contributions
of components of real imports have a positive sign, whereas in table 8.2, they have a negative sign.

Table 8.6.—Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment by Type
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

II

I
Percent change at annual rate:
Government consumption expenditures and
gross investment1.
Percentage points at annual rates:

1997

1996

III

IV

1

II

1999

1998

III

IV

1

II

III

1

0.5

1.1

2.3

1.7

3.3

7.5

-2.3

2.5

1.7

5.7

1.7

-O.1

-1.0

6.0

1.3

IV
2.9

II

I
5.1

III

1.3

4.2

2

-1.05

-.34

-.05

-.33

3.48

3.26

-2.96

-.48

-1.04

3.52

-.49

-1.56

-3.66

4.02

-.82

1.35

-.16

.74

1.36

National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government
fiyori ranital **
Other services
Gross investment
Structures
Equipment and software

3
4
5
6
7
8

-.99
-.83
-.18
-.11
-.55
-.55

-.35
-.45
-.01
.06
-.50
-.41

-.61
-.21
-.01
0
-20
-.34

-.45
-.55
.02
.02
-.60
-.28

1.77
.57
.18
.31
.08
-.28

1.97
1.35
.78
.29
.28
-.04

-2.09
-1.30
-.06
.02
-1.27
-.24

-.58
.75
-.64
-.36
1.75
-.61

-2.89
-1.76
.23
.21
-2.20
-.32

2.24
1.82
.35
-.11
1.58
-.35

-.04
-.84
-.59
.11
-.36
-.09

-.58
-.89
.32
-.03
-1.19
-.46

-4.32
-3.30
-.19
-.02
-3.08
-.23

2.43
2.34
.15
.01
2.17
-.35

1.55
.05
.31
.29
-.56
-.02

-.67
-.01
-.10
-.18
.27
-.47

-.92
-1.08
-.26
-.09
-.73
-.32

-.59
-1.21
.19
.17
-1.56
-.13

2.43
2.48
.36
.44
1.68
.10

9

-.04

-.03

-.03

-.03

-.02

-.03

-.02

-.03

-.01

-.03

-.04

-.03

-.04

-.02

-.02

-.01

-.01

.01

.03

10
11
12
13

.04
-.16
.02
-.18

-.06
.10
.02
.08

.17
-.41
-.08
-.33

-.29
.10
-.03
.13

.38
1.21
.07
1.13

.35
.62
.16
.46

-1.01
-.79
-.22
-.56

2.40
-1.33
-.06
-1.27

-1.87
-1.13
-.15
-.98

1.96
.42
-.08
.50

-.23
.79
.02
.77

-.69
.31
-.02
.33

-2.82
-1.02
-.02
-.99

2.54
.09
-.16
.26

-.51
1.50
.20
1.30

.74
-.66
-.20
-.46

-.40
.16
.06
.11

-1.44
.62
-.03
.65

1.55
-.05
-.06
.01

Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
employees, except own-account
investment3.
Consumption of general government
fixed capital 4
Other services
Gross investment
Structures
Equipment and software

14
15
16
17
18
19

-.06
-.16
-.01
-.02
-.13
-.23

0
-.19
.02
-.02
-.19
-.15

.57
.47
.02
.13
.32
-.03

.12
-.15
-.09
.02
-.08
.06

1.70
.80
.25
-.03
.57
.39

1.30
.65
-.03
-.10
.78
.84

-.86
-.57
-.04
-.08
-.44
-.23

.10
.45
-.06
.20
.32
-.29

1.86
1.40
.15
.31
.94
.10

1.28
.57
.06
.08
.43
.08

^45
-.11
-.09
.05
-.07
-.12

-.98
-.36
-.01
.15
-.50
-.36

.66
-.34
.07
-.14
-.27
.26

1.60
.62
.01
.06
.54
.24

-2.37
-1.88
-1.55
.02
-.35
.03

2.02
1.71
1.49
.07
.15
.38

.75
.44
.04
.27
.13
.03

1.33
.36
.04
-.02
.34
-.26

-1.07
-.74
-.06
-.03
-.64
-.26

20

.06

.09

.10

.12

.09

.10

.10

.09

.10

.11

.11

.11

.12

.12

.12

.12

.12

.12

.13

21
22
23
24

.03
.10
0
.11

-.13
.19
0
.19

.25
.10
-.12
.22*

-.26
.27
.08
.19

.09
.91
.29
.62

-.16
.65
.20
.45

-.32
-.29
-.17
-.12

.51
-.34
-.43
.08

.74
.46
.05
.41

.23
.71
-.11
.82

-.06
-.34
.11
-.45

-.25
-.63
-.59
-.04

-.66
1.00
.64
.36

.18
.97
.01
.96

-.51
-.49
.18
-.67

-.34
.32
-.06
.37

-.02
.32
.03
.29

.49
.97
-.26
1.22

-.51
-.34
.13
-.46

25
26
27
28
29
30

1.52
1.00
.02
.19
.79
.61

1.48
1.11
.03
.30
.78
.41

2.38
1.64
.07
.36
1.21
.58

2.06
1.75
.08
.41
1.26
.50

-.20
-.28
0
.33
-.60
-.98

4.28
3.39
.03
.35
3.01
2.59

.71
.68
.05
.35
.28
-.18

3.02
1.58
.06
.35
1.17
.60

2.72
1.55
.10
.29
1.16
.47

2.20
1.97
.08
.40
1.48
.81

2.18
1.61
.08
.39
1.14
.39

1.50
1.56
.07
.44
1.04
.31

2.61
2.07
.09
.46
1.52
.58

2.00
1.92
.08
.40
1.44
.68

2.08
1.37
.07
.36
.94
.33

1.52
1.63
.07
.34
1.22
.71

5.17
1.78
.07
.36
1.36
.80

.57
1.84
.07
.36
1.41
.83

2.89
2.06
.07
.38
1.61
1.09

31

.20

.21

.22

.24

.21

.22

.21

.22

.23

.23

.23

.23

.24

.25

.25

.26

.26

.26

.27

32
33
34
35

-.02
.52
.28
.24

.15
.37
.11
.26

.41
.74
.42
.32

.52
.31
-.07
.38

.17
.09
-.15
.23

.19
.89
.65
.24

.25
.03
-.23
.26

.35
1.44
1.17
.27

.46
1.17
.81
.36

.44
.23
-.09
.32

.52
.58
.22
.36

.50
-.05
-.34
.29

.70
.54
.08
.46

.51
.08
-.31
.39

.36
.72
.37
.35

.26
-.11
-.46
.36

.29
3.38
3.10
.28

.31
-1.26
-1.57
.30

.25
.83
.52
.30

Stats and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general government
emDlovees exceDt own-account
investment3.
Consumption of general government fixed
Other services
Gross investment
Structures
Equipment and software

1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial




measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.
NOTE.-The quantity indexes on which the estimates in this table are based are shown in tables 7.11. The estimates in this table differ from those in table 8.2 because this table shows contributions to real government consumption expenditures and gross investment, whereas table 8.2 shows contributions to real gross domestic product.

December 1999

SURVEY OF CURRENT BUSINESS

•

12$

Table 8.7.—Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1998

1

1998

1997

1996

1

IV

III

(!

II

IV

III

1999

1

II

III

IV

I

II

III

Current dollars:
Gross domestic product
Gross national product
Personal income
Disposable personal

1
2
3
4

28,131
28,206
23,571
20,613

29,428
29,496
24,660
21,385

30,968
30,983
25,932
22,320

32,373
32,336
27,195
23,231

28,841
28,942
24,212
21,072

29,354
29.420
24,551
21,261

29,564
29,607
24.817
21,517

29,948
30,010
25,057
21,687

30,430
30,449
25,493
21,994

30,857
30,893
25,780
22,215

31,165
31,172
26,056
22,410

31,415
31,416
26,397
22,658

31,939
31,951
26,687
22,863

32,136
32,136
27,001
23,086

32.471
32,376
27.362
23,345

32,941
32,878
27,725
23,628

33,338
33,285
28,037
23,904

33,530
33,477
28,348
24,171

33,984
33,921
28,618
24,376

Personal consumption

5

18,888

19,727

20,610

21,614

19,394

19.681

19,801

20,029

20,337

20,422

20.749

20,929

21,198

21,524

21,737

21,993

22,381

22,732

23,032

6
7
8

2,242
5,692
10,955

2322
5,929
11,476

2,398
6.125
12,087

2,580
6,315
12,718

2,292
5,820
11,282

2.343
5,919
11,418

2320
5.939
11,542

2,332
6,035
11,662

2,382
6,106
11,849

2.345
6,079
11,998

2.429
6,156
12,165

2,437
6,158
12,333

2,519
6,212
12,467

2,568
6,296
12,660

2.572
6.336
12.830

2.661
6,417
12,915

2,715
6,569
13,096

2,755
6,690
13287

2,785
6,777
13,470

Gross domestic product
Gross national product
Disposable personal

9
10
11

28,650
28,730
21,032

29,428
29,496
21,385

30,461
30.476
21,954

31,472
31,434
22,636

28,999
29,102
21,235

29,421
29,488
21,300

29.504
29,547
21,483

29,784
29,843
21,520

30,083
30,101
21,712

30,391
30,425
21,885

30,607
30,612
22,019

30,762
30,762
22,198

31,205
31,213
22,373

31.298
31,295
22,528

31,504
31,411
22,715

31,879
31,816
22,924

32,107
32,054
23,110

32,182
32,130
23,239

32,531
32,468
23,328

Personal consumption

Durable goods
Nondurable goods .
Services
...0.

..

Chained (1996) dollars:

12

19,272

19.727

20,272

21,060

19,544

19.716

19,770

19,875

20,076

20,119

20,387

20,504

20,744

21,004

21,151

21,338

21,637

21,856

22,042

Durable goods
Nondurable goods
Services

13
14
15

2,218
5,812
11,243

2,322
5,929
11.476

2,452
6,044
11.777

2,703
6228
12.138

2,275
5,874
11,396

2,340
5,921
11,455

2,325
5,938
11.506

2,348
5,981
11,546

2,404
6,025
11,646

2,390
6,008
11.720

2,495
6,076
11,818

2,520
6,065
11,922

2,615
6,138
11,997

2,679
6,224
12,109

2,699
6.245
12,215

2,820
6,305
12,230

2,898
6,429
12,334

2,955
6,466
12,462

3,002
6,504
12,565

Population (mid-period,
thousands).

16

263,073

265,504

268,046

270,595

264,542

265,134

265,834

266.504

267,040

267.671

268,399

269,075

269,591

270,219

270,946

271,623

272,145

272,778

273,518

Table 8.8B.-Motor Vehicle Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1995

1996

1997

1996

1998

S
Motor vehicle output
Auto output
Truck output l

1
2
3

270.3
130.5
139.6

275.6
126.1
149.5

293.5
127.0
166.4

313.3
130.5
182.8

II

251.3
108.6
142.7

289.7
139.1
150.6

1998

1997

III

IV

1

II

III

287.9
134.8
153.2

273.5
122.1
151.4

282.1
121.8
160.4

282.7
126.3
156.4

301.6
130.3
171.3

IV

I

II

1999

III

IV

II

I

III

307.3
129.7
177.6

304.7
127.9
176.9

296.9
117.6
179.3

306.1
133.0
173.2

345 JJ
143.5
201.9

325.0
121.2
203.8

330.9
122.7
208.2

355.0
128.6
226.4

4

263.3

279.7

288.8

312.3

276.8

278.2

279.1

284.5

284.4

275.9

297.1

297.9

302.8

315.8

301.5

329.0

319.3

329.3

339.2

Personal consumption expenditures
New motor vehicles
Autos
Light tiucks
Net purchases of used autos

5
6
7
8
9

196.7
146.7
82.2
64.5
50.0

201.6
150.1
81.9
68.3
51.4

207.0
153.6
828
70.8
53.4

228.9
173.3
90.6
82.7
55.5

202.1
152.5
82.9
69.6
49.6

204.6
150.6
82.8
67.8
54.0

200.3
147.7
80.4
67.3
52.7

199.3
149.8
81.4
68.4
49.5

206.7
151.8
83.5
68.3
54.9

197.8
143.9
77.4
66.5
53.9

212.2
159.0
85.7
73.3
53.1

211.4
159.6
84.5
75.1
51.8

220.3
166.3
88.0
78.2
54.0

228.0
179.4
93.3
86.1
48.6

225.4
166.2
86.8
79.3
59.2

241.8
181.5
94.3
87.2
60.3

242.0
181.8
95.4
86.3
60.2

248.1
188.3
100.6
87.6
59.8

251.9
190.1
99.7
90.4
61.8

Private fixed investment
New motor vehicles
Autos
Trucks
Light trucks
Other
Net purchases of used autos

10
11
12
13
14
15
16

108.0
141.9
71.2
70.7
40.5
30.1
-33.9

120.8
155.2
75.7
79.5
52.3
27.2
-34.4

130.2
165.2
76.7
88.5
59.5
29.0
-35.0

139.2
175.4
76.7
98.7
64.1
34.7
-36.3

113.6
147.2
72.2
75.1
47.4
27.7
-33.6

118.3
153.9
77.1
76.8
49.1
27.7
-35.6

124.9
161.1
79.8
81.3
53.7
27.5
-36.2

126.3
158.5
73.6
84.9
58.9
26.0
-32.2

129.3
165.5
79.2
86.3
59.1
27.1
-36.1

126.3
161.2
76.1
85.1
57.8
27.3
-34.8

132.9
167.4
77.4
90.0
60.5
29.5
-34.5

132.1
166.8
74.1
92.7
60.6
32.1
-34.7

134.5
170.2
77.6
92.6
60.7
31.9
-36.7

139.2
177.0
79.1
97.8
65.6
32.3
-37.8

132.3
166.9
71.0
96.0
60.3
35.7
-34.6

150.7
187.6
79.2
108.5
69.7
38.8
-36.9

153.8
190.8
76.3
114.5
74.4
40.1
-37.0

157.1
196.4
80.5
115.9
75.7
40.2
-39.3

169.9
210.6
82.8
127.8
85.4
423
-40.7

17
18
19

10.7
3.9
6.8

10.8
3.8
7.0

12.0
3.6
8.4

11.9
3.8
8.1

12.1
4.0
8.1

10.1
3.3
6.7

9.9
3.4
6.5

11.3
4.5
6.7

11.2
3.6
7.7

11.9
3.3
8.7

13.5
3.6
9.9

11.3
3.8
7.5

10.8
3.3
7.5

13.2
3.9
9.2

10.7
3.7
7.0

12.9
4.1
8.8

11.7
3.8
8.0

10.9
3.7
7.2

13.2
4.3
8.9

20
21
22
23
24
25
26

-52.2
24.5
16.7
7.7
76.7
63.8
12.8

-53.6
26.0
17.0
9.0
79.5
65.9
13.7

-60.3
27.7
16.8
10.9
88.0
72.2
15.8

-67.7
26.7
16.2
10.5
94.3
79.4
15.0

-51.0
25.6
17.5
8.1
76.6
64.1
12.5

-54.8
24.7
15.8
9.0
79.6
65.5
14.1

-56.1
26.8
17.6
9.2
82.9
68.3
14.7

-52.3
26.7
16.9
9.8
79.1
65.6
13.4

-62.8
25.9
16.2
9.7
88.7
73.4
15.3

-60.2
27.4
17.5
9.9
87.5
72.0
15.6

-61.4
28.5
17.0
11.4
89.8
73.2
16.7

-56.9
28.9
16.5
12.4
85.9
70.3
15.6

-62.8
29.3
17.0
12.3
92.1
77.1
15.0

-64.5
27.2
15.9
11.3
91.8
77.8
14.0

-66.9
23.8
14.7
9.1
90.7
75.8
14.9

-76.5
26.3
17.2
9.2
102.8
66.8
16.0

-88.3
24.6
15.6
9.0
112.9
94.1
18.8

-66.8
27.0
17.7
9.3
113.8
92.0
21.8

-95.8
25.1
15.5
9.6
120.9
100.2
20.7

Final sales of domestic product

Autos ....
New trucks
Net exports
Exports .
Autos
Trucks
Imports..
Autos
Trucks

27

7.0

-4.0

4.6

1.0

-25.5

11.5

8.8

-11.0

-2.3

6.9

4.5

9.4

1.9

-18.9

4.6

16.3

5.7

1.6

15.8

Autos
New
Domestic
Foreign
Used

28
29
30
31
32

4.1
3.1
3.6
-.5
1.1

-3.4
-5.5
-3.9
-1.6
2.1

1.0
-.2
-.2
0
1.2

3.3
2.6
1.0
1.6
.7

-19.9
-22.9
-16.2
-6.7
3.0

7.2
4.7
3.8
.9
2.5

5.2
3.6
3.8
-.3
1.7

-6.0
-7.3
-7.0
-.4
1.3

-6.1
-5.0
-5.7

5.0
1.0
.4
.6
4.0

1.2
.1
.6
-.6
1.1

4.0
3.3
4.0

.7
2.2
-1.4
3.6
-1.4

-7.7
-14.9
-15.9
1.0
7.2

8.0
11.0
11.7
-.7
-3.0

12.1
11.9
9.5
2.4
.1

.9
.2
.2
0
.7

-6.4
-6.1
-7.7
1.6
-2.3

5.4
4.1
3.5
.6
1.3

New trucks
Domestic
Foreign .

33
34
35

2.8
3.1
-.3

-.7
-.8
.1

3.6
2.9
.6

-2.3
-2.1
-.1

-5.6
-6.7
.1

4.3
4.2
.1

3.6
4.0
-.5

-5.0
-5.7

3.7
2.5
1.3

1.9
1.6
.2

3.3
3.8
-.5

5.4
3.9
1.5

1.2
.9
.3

-11.2
-12.1
.9

-3.4
-1.7
-1.7

4.2
4.2

4.8
3.6
1.2

10.0
10.4
-.4

10.4
11.4
-1.0

36

315.5

333.2

349.2

379.9

327.8

333.0

335.2

336.9

347.3

336.0

358.5

354.9

365.5

380.3

366.4

405.5

407.6

416.1

435.0

37

111.8

128.0

136.2

140.8

119.5

126.2

133.6

132.5

138.3

133.8

137.9

134.7

138.3

144.7

131.3

148.8

150.7

156.2

168.3

38
39

118.2
55.9

116.7
55.3

116.2
60.5

114.2
71.2

106.2
54.0

124.6
54.4

124.9
56.2

111.2
56.7

114.5
60.4

114.0
57.4

119.2
62.1

117.1
62.1

113.0
68.8

104.5
72.6

116.3
66.8

122.8
76.7

114.0
74.7

114.0
79.8

121.7
80.9

Change in private inventories

Addenda:
Final sales of motor vehicles to domestic
Private fixed investment in new autos and new
light trucks.
Domestic output of new autos 2
Sales of imrjorted new autos 3

1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.




'.Q

0

SURVEY OF CURRENT BUSINESS

124 • December 1999

Table 8.9B.-ReaS Motor Vehicle Output
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates

Une

1995

1996

1997

1998

I
Motor vehicle output
Auto output
Truck output 1

1997

1996

I

IV

III

II

II

1998

1

IV

III

II

1999

III

I

IV

II

III

1
2
3

275.3
133.6
141.8

275.6
126.1
149.5

293.7
128.0
165.7

315.7
132.3
183.4

253.4
110.1
143.3

289.2
138.6
150.5

287.4
134.5
152.9

272.5
121.4
151.1

280.0
121.1
158.9

282.8
127.4
155.4

301.2
130.6
170.5

311.0
132.8
178.2

307.6
129.8
177.7

301.1
120.3
180.7

305.7
131.9
173.8

348.6
147.2
201.4

329.0
125.1
203.4

335.7
127.4
207.8

355.7
129.6
225.4

4

268.6

279.7

288.6

314.8

278.6

278.5

278.1

283.4

282.0

274.5

297.3

300.5

305.8

319.4

302.1

331.8

322.4

333.1

342.2

Personal consumption expenditures
New motor vehicles
Autos .
Light trucks
Net purchases of used autos

5
6
7
8
9

200.8
149.6
83.5
66.1
51.2

201.6
150.1
81.9
68.3
51.4

207.4
152.6
82.7
69.9
54.8

230.9
173.2
91.2
81.9
57.6

202.9
153.6
83.4
70.2
49.3

205.1
151.1
83.0
68.0
54.0

200.0
147.2
80.1
67.1
52.8

198.3
148.7
81.0
67.7
49.6

205.1
150.4
83.2
67.3
54.8

197.4
142.9
77.3
65.6
54.6

213.7
158.1
85.7
72.4
55.5

213.5
159.1
84.8
74.3
54.4

222.6
165.9
88.4
77.4
56.8

230.6
179.7
94.1
85.5
50.6

225.9
165.8
87.3
78.5
60.1

244.3
181.3
95.0
86.2
63.0

245.2
181.9
96.6
85.3
63.2

251.3
188.8
102.2
86.6
62.4

252.8
190.3
101.4
88.9
62.4

Private fixed investment
New motor vehicles
Autos .
Trucks
Lighi trucks
Other
Net purchases of used autos

10
11
12
13
14
15
16

109.5
143.4
72.4
71.1
40.8
30.3
-33.9

120.8
155.2
75.7
79.5
52 3
27.2
-34.4

129.1
165.6
76.6
89.0
60.0
29.0
-36.4

139.0
177.5
77.3
100.3
66.1
34.1
-38.4

114.6
147.7
72.6
75.1
47.6
27.5
-33.1

118.4
153.9
77.3
76.6
49.1
27.5
-35.5

124.3
160.7
79.5
81.1
53.6
27.6
-36.4

125.9
158.4
73.2
85.2
58.9
26.3
-32.5

128.5
164.8
78.9
85.9
58.8
27.1
-36.3

125.3
161.1
75.9
85.2
57.9
27.3
-35.7

131.1
167.8
77.4
90.4
61.0
29.4
-36.6

131.6
168.7
74.4
94.4
62.1
32.2
-37.1

134.3
172.5
78.0
94.6
62.8
31.8
-38.2

139.5
179.8
79.9
99.9
68.1
31.9
-40.3

132.1
168.8
71.4
97.5
62.4
35.0
-36.6

150.1
188.7
79.8
109.0
71.2
37.7
-38.5

152.3
192.2
77.2
115.0
76.3
38.8
-39.8

156.0
198.2
81.7
116.6
77.9
38.8
-42.1

170.1
212.7
84.2
128.5
88.1
40.6
-42.4

Gross government Investment
Autos .....
New trucks

17
18
19

10.8
4.0
6.9

10.8
3.8
7.0

12.0
3.5
8.5

11.9
3.6
8.2

12.1
4.0
8.1

10.1
3.4
6.7

9.9
3.4
6.5

11.3
4.6
6.7

11.2
3.6
7.6

11.9
3.2
8.7

13.4
3.5
10.0

11.3
3.7
7.6

10.8
3.2
7.6

13.2
3.8
9.4

10.7
3.6
7.1

12.8
4.0
8.8

11.7
3.7
8.0

10.8
3.5
7.3

13.1
4.1
8.9

Net exports
Exports .,
Autos ,
Trucks
Imports..,
Autos ,
Trucks

20
21
22
23
24
25
26

-€2.6
24.8
17.0
7.8
77.3
64.4
13.0

-53.6
26.0
17.0
9.0
79.5
65.9
13.7

-59.9
27.3
16.7
10.7
87.3
71.6
15.7

-66.9
26.1
16.0
10.1
93.0
78.3
14.7

-51.1
25.7
17.6
8.1
76.7
64.2
12.6

-55.1
24.7
15.8
8.9
79.7
65.6
14.1

-56.0
26.8
17.6
9.2
82.8
68.2
14.6

-52.1
26.8
16.9
9.8
78.9
65.5
13.4

-62.8
25.8
16.1
9.7
88.5
73.3
15.3

-40.1
27.1
17.3
9.7
87.2
71.6
15.6

-60.9
28.0
16.8
11.2
88.9
72.2
16.7

-56.0
28.5
16.5
12.0
84.6
69.1
15.4

-62.0
28.8
16.9
11.9
90.8
76.0
14.8

-63.8
26.7
15.8
10.9
90.5
76.8
13.7

-66.5
23.2
14.4
8.8
89.7
75.1
14.6

-75.3
25.7
16.9
8.8
101.1
85.4
15.6

-86.3
23.9
15.3
8.6
110.2
92.0
18.2

-84.7
26.2
17.4
8.8
110.8
89.7
21.2

-93.4
24.3
15.2
9.1
117.7
97.8
19.9

Final sales of domestic product

27

6.6

-4.0

5.2

1.0

-25.2

10.7

9.3

-10.9

-4.1

8.3

3.9

10.6

1.9

-18.1

3.6

16.6

6.4

2.5

13.2

Autos . ..
New
Domestic
Foreign
Used

28
29
30
31
32

3.7
2.7
3.3

i!o

-3.4
-5.5
-3.9
-1.6
2.1

1.6
.4
.5
-.1
1.3

3.4
2.6
1.1
1.5
.8

-19.4
-22.5
-15.8
-6.7
2.9

6.3
3.8
2.9
.9
2.5

5.7
4.0
4.4
-.4
1.7

-6.1
-7.3
-7.0
-.3
1.3

-5.9
-A&
-5.4
.6
-1.1

6.6
2.5
2.1
.4
4.1

.6
-.5
.1
-.6
1.2

5.3
4.4
5.1
-.7
.8

.8
2.2
-1.5
3.5
-1.5

-7.2
-14.4
-15.7
1.1
7.7

7.2
10.2
11.0
-.7
-3.2

12.9
12.6
10.4
2.2
.1

1.7
1.0
1.0
-.1
.8

-7.9
-5.4
-7.0
1.5
-2.5

3.2
1.8
1.1
.7
1.3

New trucks
Domestic
Foreign .

33
34
35

3.0
3.3
-.3

-.7
-.8
.1

3.5
2.9
.6

-2.2
-2.0
-.1

-5.7
-5.8
.1

4.4
4.2
.1

3.6
4.0
-.5

-4.9
-5.6
.7

3.7
2.4
1.3

1.8
1.6
.2

3.2
3.6
-.5

5.2
3.8
1.5

1.1
.9
.3

-10.6
-11.4
.8

-3.2
-1.6
-1.7

3.9
3.9
0

4.5
3.3
1.1

9.2
9.6
-.4

9.4
10.2
-.9

36

0

.1

-.2

-.3

.2

.1

0

-.2

0

.1

.1

^6

-.4

.1

-.1

.9

.5

Change In private inventories

Residual
Addenda:
Final sales of motor vehicles to domestic
purchasers.
Private fixed investment in new autos and new
light trucks.
Domestic cutout of new autos 2
Sales of imported new autos 3

.1

37

321.1

333.2

348.6

381.7

329.6

333.5

334.2

335.5

344.8

334.7

358.2

356.5

367.8

383.3

368.7

407.2

409.2

418.1

436.1

38

113.2

128.0

136.6

143.3

120.2

126.4

133.1

132.1

137.7

133.8

138.4

136.5

140.8

147.9

133.7

150.9

153.3

159.4

172.1

39
40

119.9
56.8

116.7
55.3

116.4
60.5

114.6
71.7

107.1
54.4

124.2
54.5

124.8
56.0

110.7
56.4

114.3
60.1

114.9
57.3

118.4
62.1

118.1
62.3

113.2
69.2

105.6
73.3

115.6
67.1

123.8
77.3

115.4
75.5

115.9
81.0

121.2
82.2

1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996




0

current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines
in the addenda.
Chain-type quantity indexes for the series in this table are shown in table 7.18B.

December 1999

SURVEY OF CURRENT BUSINESS
Table 8.10.—Farm Sector Output, Gross Product, and National Income
[Billions of dollars]
Line
Farm output
Cash receipts from farm marketings
Crops
Livestock
Farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestock

1995

1996

1997

1998

197.9

222.6

226.2

214.2

194.2
107.1
87.1
6.0
.5

208.7
112.1.

198.2
103.7
94.5
6.6
.5
8.6
.3

,
,

6.3
-9.2
-9.4
.2

201.2
108.3
93.0
6.2
.5
6.8
7.9
9.0
-1.1

Less: Intermediate goods and services purchased
Intermediate goods and services, other than rent
Rent paid to nonoperator landlords

,

124.7
110.7
13.9

130.4
114.3
16.1

138.1
122.1
16.0

134.1
119.0
15.1

Equals: Gross farm product

,

73.2

92.2

88.0

Less: Consumption of fixed capital

,

24.6

25.4

48.6

66.8

5.0
6.1

5.0
6.2

Equals: Net farm product
Less: Indirect business tax and nontax liability
Plus: Subsidies to operators

*

.,

Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income and corporate profits with inventory
valuation and capital consumption adjustments.
Proprietors' income
Corporate profits
Net interest

7.8
2.8
3.1
-.4

1995

1996

1997

217.9

222.6

237.3

237.9

2
3
4
5
6
7
8
9
10

214.7
121.1
93.7

201.2
108.3
93.0

218.7
121.2
97.5

220.3
121.8
98.7

6.3
.5
7.0

6.2
.5
6.8
7.9
9.0

5.9
.5
9.6
.9
1.7
-.7

134.7
119.2
15.5

137.4
121.9
15.5

85.5

92.2

103.1

100.5

23.1

25.4

25.8

26.3

66.8

77.7

74.2

Equals: Gross farm product

14

Less: Consumption of fixed capital .

15

5.2
6.3

5.3
10.7

Equals: Net farm product

16

60.3

58.6
18.6
16.2
2.4
29.2

22.2
2.5
9.3

34.3
7.7
9.5

29.5
6.0
10.1

25.1
4.1
10.8

1996

-1.1
130.4
114.3
16.1

27.1

17.5
15.0
2.4
35.5

1995

.3
132.2
117.9
14.3

-12.3
-12.4

53.1

63.0

1997

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.

Table 8.13.—Real Housing Sector Output, Real Gross Product, and Real
Net Product
[Billions of chained (1996) dollars]

Housing output 1
Nonfarm housing
Owner-occupied ..
Tenant-occupied .
Farm housing
1998
Less: Intermediate goods and services consumed .

1

712.3

742.3

777.9

8228

2
3
4
5

706.3
529.3
177.0

736.1
555.4
180.6

771.5
585.5
186.0

816.2
622.6
193.6

6.0

6.2

6.4

6.6

6

89.9

94.4

103.9

116.8

1998

6.0
.5
8.2
3.0
3.4
-.4

61.9

Line

Line

Less: Intermediate goods and services consumed

Cash receipts from farm marketings
Crops...
Livestock
Farm housing ,
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops...
Livestock

Line

1

26.2

[Billions of dollars]

Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing

Farm output ,

80.2

Table 8.12.—Housing Sector Output Gross Product, and National
Income

Housing output *

[Billions of chained (1996) dollars]

11
12
13

16.6
14.2
2.4
42.0

12$

Table 8.11.—Real Farm Sector Output, Real Gross Product, and Real Net
Product

Less: Intermediate goods and services purchased ....
Intermediate goods and services, other than rent .
Rent paid to nonoperator landlords

15.7
13.3
2.4
24.7

49.7

Equals: Farm national Income

96.5
6.4
.5

•

Equals: Gross housing product
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing

..............<

Less: Consumption of fixed capital

1995

1996

1997

734.0

742.3

755.9

775.2

727.7
546.1
181.6

736.1
555.4
180.6

749.9
569.0

769.3

180.9

1998

586.6
182.6

6.3

6.2

6.0

5.9

92.6

94.4

100.1

110.0

641.4

648.0

655.8

665.1

636.2
474.9
161.3

642.8
482.3

650.8
491.9
158.9

660.2
500.9

5.2

5.1
119.6

160.5

5.0

118.5

122.5

523.0

533.2

159.4

4.9
125.7

7

622.5

647.9

673.9

705.9

Equals: Net housing product

8
9
10
11

617.5
459.8
1577

642.8
482.3
1605

668.6
505.7
1629

700.4
531.5
1690

1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
2.5.

5.0

5.1

5.3

5.5

Less: Consumption of fixed capital
Capital consumption allowances
Less: Capital consumption adjustment

12
13
14

115.9

119.6

603

636

-55.6

-56.0

126.2
67 6
-58.6

131.9
71 9
-60.0

Equals: Net housing product

15

5066

528.4

5477

574.0

Less: Indirect business tax and nontax liability plus business transfer
payments
Plus: Subsidies less current surplus of government enterprises

16

114.4

118.9

123.4

127.9

17

21.8

23.3

23.9

23.9

18

413.9

432.8

4483

470.0

19
20

81

84

90

96

23.2

22.6

21.6

22.0

21

100.7

111.2

111.5

119.3

22

4.8

4.7

4.7

4.9

23

277.3

285.7

301.6

314.2

Equals: Gross housing product
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing

Compensation of employees
Proprietors' income with inventory valuation and capital
consumption adjustments.
Rental income of persons with capital consumption
Corporate profits with inventory valuation and capital
consumption adjustments.
Net interest

1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
2.4.




,

NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-doflar estimates are usually not additive.

126

• December 1999

SURVEY OF CURRENT BUSINESS

Table 8.14.—Consumption of Fixed Capital by Legal Form of
Organization

Table 8.16.—Business Transfer Payments by Type
[Billions of dollars]

[Billions of dollars]

Consumption of fixed capital .

Une
Line

1995

1996

1

912.2

956.4 1,009.7 1,066.9

1997

1998

2

744.1

782.1

829.2

880.8

Domestic corporate business .
Financial
Nonfinancial

3
4
5

512.6
74.9
437.7

543.8
81.0
462.7

579.4
88.1
491.3

619.2
97.0
522.2

Sole proprietorships and partnerships .

6
7
8

97.8
22.6
75.2

101.0
23.3
77.8

105.0
24.0
81.1

109.7
24.7
85.0

Private.

Nonfarm""."!"""
Other private business
Rental income of persons
Nonfarm housing
...,
Owner-occupied
Tenant-occupied
,
Farms owned by nonoperator landlords
Nonfarm nonresidential properties
Fixed assets owned and used by nonprofit institutions serving
individuals.
Proprietors' income
,
Government
General
aneral government .
Federal
State and local
Government enterprises
Federal
State and local ,
Addenda:
Nonfarm business
Nonfarm business less housing .

9
10
11
12
13
14
15
16

133.6
101.6
100.6
85.1
15.5

137.4
104.6
103.6
87.6
16.1

144.7
110.5
109.5
92.8
16.7

151.8
115.7
114.7
97.6
17.1

.1
.9

.1
.9

.1
.9

.1
1.0

29.7

30.5

31.9

33.8

17

2.4

2.3

2.3

2.3

18

168.1

174.3

180.5

186.2

19
20
21
22
23
24

144.3
79.9
64.4
23.9

149.2
81.0
68.2
25.0

154.2
82.0
72.2
26.3

158.6
82.5
76.0
27.6

4.1

4.3

4.6

4.9

19.7

20.7

21.8

22.8

25
26

743.3
630.6

781.8
665.5

829.3
706.6

881.3
753.0

Table 8.15.—Capital Consumption Adjustment by Legal Form of
Organization and Type of Adjustment
[Billions of dollars]
Line
Capital consumption adjustment1
For consistent accounting at historical cost
For current-replacement cost...

1995

1996

1997

-14.8

-Z7

14.8

137.3
-152.1

144.1
-146.8

160.0
-145.2

18.1

25.4
165.9
-140.5

Domestic corporate busing
For consistent accounting at historical cost
For current-replacement cost
Financial
For consistent accounting at historical cost
For current-replacement cost
Nonfinancial
For consistent accounting at historical cost
For current-replacement cost

90.8
-72.7
-20.3
-17.2
-3.1
38.4
107.9
-69.5

24.4
92.1
-67.7
-21.4
-19.6
-1.8
45.8
111.7
-65.8

114.9
-63.1

43.3
101.4
-58.1
-20.3
-20.8
.5
63.5
122.2
-58.7

Sole proprietorships and partnerships
Farm 1
Nonfarm
For consistent accounting at historical cost
For current-replacement cost

21.9
-8.0
29.9
46.5
-16.6

27.7
-7.9
35.5
52.0
-16.4

37.3
-7.7
45.0
61.5
-16.5

40.5
-7.6
48.2
64.6
-16.4

Other private businessx
Rental income of persons
Nonfarm housing
Owner-occupied
,
Tenant-occupied
,
Farms owned by nonoperator landlords
Nonfarm nonresidential properties
Fixed assets owned and used by nonprofit institutions serving
individuals.
Proprietors' income

-54.8
-47.5
-47.2
-38.8
-8.4

-54.8
-47.6
-47.3
-38.8
-8.6

-57.1

-58.4
-51.1
-50.8
-41.8

-.1
-.2
-6.7

-.1
-.2
-6.5

Capital consumption adjustment for national income (4+13+19+26)

27

34.6
98.4
-63.8
-17.2
-16.5
-.7
51.8

-49.9
-49.6
-40.7
-8.9
-.1
-.3
-6.6

-9.0
-.1
-.3
-6.7

-.7

-.7

-.6

-.6

-8.2

3.8

21.4

32.1

1. Except for farm proprietorships and partnerships (line 14) and other private business (line 18), the capital
consumption adjustment is calculated in two parts. The adjustment for consistent accounting at historical cost converts depreciation, based on the service lives and depreciation schedules employed by firms when filing their income
tax returns, to consistent service lives and empirically based depreciation schedules. The adjustment for currentreplacement cost converts the historical-cost series with consistent accounting to a current-replacement-cost series.
For farm proprietorships and partnerships and for other private business, the historical-cost series is based on consistent service lives and empirically based depreciation schedules so, the adjustment reflects only a conversion to
current-replacement cost.




Business transfer payments.
Payments to persons..
Insurance payments to persons by business .
Automobile insurance
Medical malpractice insurance .
Donations by corporate business to nonprofit institutions serving
individuals.
Other 1 ,
Payments to the rest of the world 2

1995

1996

1997

33.5

34.4

36.9

38.1

25.8
13.4
11.1
2.3
7.4

26.4

28.8

14.2
11.6
2.6
7.8

27.9
14.9
12.2
2.6
8.4

5.0

4.4

4.6

4.4

7.7

8.0

9.0

9.3

15.2
12.5
2.7
9.2

1. Consists largely of cash prizes from business and losses by business due to fraud and unrecovered thefts.
2. Consists of income taxes paid by domestic business to foreign governments on income earned abroad.

Table 8.17.—Supplements to Wages and Salaries by Type
[Billions of dollars]
Une

1995

1996

1997

1998

1

761.4

765.4

791.0

821.7

2
3

264.5
497.0

275.4
490.0

290.1
500.9

306.0
515.7

Pension, profit-sharing, and other retirement benefit plans 1
Old-age, survivors, and disability insurance (3 6,5)
Federal civilian employee retirement (611,24)
Federal military employee retirement (611,25)
Railroad retirement (3.6; 12)
Pension benefit guaranty (3.6;13) ...
State and local employee retirement (611,26)
Private pension and profit-sharing (611,22)

4
5

359.6
170.1
35.7
23.2

361.0
179.3
36.6
26.9

381.4
191.9
38.5
26.7

395.7
204.9
39.1

2.5
.9

2.6
1.2

2.7
1.0

263
2.8
1.0

41.7
85.4

43.2
71.3

44.1
76.5

43.1
78.4

Health insurance
Federal hospital insurance (3.6;6)..
Military medical insurance (3.6; 16)
Temporary disability insurance (3.6; 18)
Private group health insurance (6.11,29) 2

12
13
14
15
16

305.3
47.3

308.6
50.2

315.7
53.9

333.1
57.7

1.3

1.2
0

1.2
0

1.1
0

256.6

257.2

260.7

274.3

Life insurance .. .
......................
Veterans life insurance (3.6;14)
Private group life insurance (6.11;30)2

17
18
19

9.5
0
9.5

10.0

10.3

10.4

0

0

0

10.0

10.3

10.4

Workers' compensation
Federal (3.6;15)
State and local (3.6; 19)
Private insurance (6.11;31)2

20
21
22
23

52.8

51.9

50.3

49.7

1.9

1.9

11.0
39.9

10.2
39.8

1.9
9.4

2.0
9.0

39.0

38.8

Unemployment insurance
State unemployment insurance (3.6;8)
Federal unemployment tax (3.6;9) .
Railroad employees unemployment insurance (36,10)
Federal employees unemployment insurance (36,11)
Private supplemental unemployment (611,32)

24
25
26
27
28
29

31.9
22.9

31.4
22.2

30.6
21.4

29.7
20.5

5.8
0
.7
2.6

5.9
0
.6
2.5

6.2
0
.5
2.5

6.3
.1

30

2.4

2.5

2.7

3.0

Supplements to wages and salaries
Employer contributions for social insurance (36,2)
Other labor income (6.11;1)
By type

Other (6.11;33)

3

6
7
8
9
10
11

0

.5

2.3

1. Employer contributions to privately administered programs and to publicly administered government employee
retirement plans are classified as other labor income. Employer contributions to other publicly administered programs
are classified as employer contributions for social insurance.
2. Government contributions to privately administered health, life, and workers' compensation insurance for government employees are classified as other labor income.
3. Consists of judicial fees paid to jurors and to witnesses, compensation of prison inmates, and marriage fees
paid to justices of the peace.
NOTE.—The numbers in parentheses indicate the tables and line numbers from which the entries in this table
are derived.

SURVEY OF CURRENT BUSINESS

[Billions of dollars]

Rental Income of persons
. .

Nonfarm housing
Owner-occupied
Permanent site
Manufactured homes

. . .

Une

1995

1996

1997

1998

1

165.4

177.4

180.0

188.6

2

1569

1672

1705

1790

3

147.8

158.5

161.0

170.1

4
5
6

99.5
90.9
8.7

109.2
100.4
8.8

112.8
103.3
9.4

120.3
109.9
10.4

7

48.3

49.3

48.2

49.7

Farms owned by nonoperator landlords*

8

5.5

6.5

6.5

6.0

Nonfarm nonresidential properties2

9

3.6

2.1

3.0

3.0

10

8.6

10.2

9.6

9.5

Tenant-occupied (permanent site)

Royalties

1. Rental income of owner-occupied farm housing is included in farm income as shown in table 8.10.
2. Includes rental income of private noninsured pension plans.

Table 8.19.-Dividends Paid and Received by Sector
[Billions of dollars]
Une
Dividends paid
Domestic corporate business 1
Financial
Nonfinancial
Rest of the world 2
Dividends received
Domestic corporate business 2
Financial
Nonfinancial
Rest of the world*
Government

.

Persons3
Publicly administered government employee retirement plans

.

.

1995

1996

1997

1998

1

361.3

425.4

482.6

496.3

2

302.9

356.4

402.5

427.0

3
4

76.6
226.3

99.0
257.4

115.6
286.9

123.3
303.8

5
6

3613

58.4

69.0

80.1

69.3

4254

4826

4963

7

81.3

99.1

117.8

112.4

8
9

34.3
46.9

43.6
55.5

50.6
67.1

54.0
58.4

10

25.8

28.6

31.2

35.4

11

.3

.3

.3

.3

12
13
14

254.0
15.4
238.5

297.4
18.3
279.1

333.4
21.4
311.9

348.3
22.1
326.1

Addenda0
Net corporate dividend payments (16+17)
Domestic corporate business (2-7)
Rest of the world (5-10)
Personal dividend income (15-11)

.

15
16
17
18

254.2
221.6
32.6
254.0

297.7
257.3
40.4
297.4

333.7
284.8
48.9
333.4

348.6
314.6
33.9
348.3

1. Remitted earnings to foreign residents from their unincorporated U.S. affiliates are treated as dividends paid
by domestic corporate business (line 2) and as dividends received by the rest of the world (line 10).
2. Earnings of U.S. residents remitted by their unincorporated foreign affiliates are treated as dividends paid by
the rest of the world (line 5) and as dividends received by domestic corporate business (line 7).
3. Dividends received by insured private pension plans are included in dividends received by financial corporate
business (line 8), and in imputed interest received by persons, table 8.20 (line 53).




•

12/

Table 8.20.—Interest Paid and Received by Sector and Legal Form of
Organization

Table 8.18.—Rental Income of Persons by Type

Rental income

December 1999

[Billions of dollars]
Une
Monetary Interest paid
Domestic business 1
Corporate business
Financial
On deposits2
On other liabilities ..
Nonfinancial
Sole proprietorships and partnerships ...,
Farm
Nonfarm
,
Other private business
Rental income of persons
Nonprofit institutions serving individuals
Proprietors' income

1995

1996

1997

1998

1,857.0 1,933.0 2,098.0 2,257.0
1,262.7 1,313.4 1,441.1 1,567.9
686.7
982.0 1,086.6
852.5
531.3
587.3
658.1
513.4
131.6
139.7
145.9
126.4
399.8
447.6
512.2
387.1
355.4
394.7
428.5
339.1
129.7
146.3
156.4
121.7
10.6
10.0
10.6
9.7
145.8
119.7
135.7
112.1
324.9
297.0
312.8
280.4
308.3
280.3
295.7
272.3
15.4
14.7
15.4
15.8
1.2
1.4
1.3
1.2

Persons

134.7

149.9

166.7

185.7

Government
Federal
State and local

357.5
289.6
67.8

366.6
296.2
70.4

369.2
298.6
70.6

368.4
297.7
70.7

Rest of the world
To business and persons
To Federal Government

102.1
98.2
3.9

103.2
99.1
4.1

121.1
117.9
3.2

135.0
131.8
3.2

Monetary interest received
Domestic business*
Corporate business
Financial
Nonfinancial
Financial sole proprietorships and partnerships3
Other private business
Persons3
Publicly administered government employee retirement plans
Other .

1,857.0

2,098.0 2,257.0

1,136.2 1,193.3 1,321.2 1,439.6
1,111.1 1,157.8 1,275.9 1,387.8
950.5 1,046.1 1,130.0
925.3
257.7
207.3
229.8
185.8
35.4
45.3
51.8
25.0
0
0
0
0
485.5
101.7

491.3
101.7
389.6

491.7
105.0
386.7

515.6
109.4
406.1

80.4
20.9
59.6

82.6
21.3
61.3

82.4
20.8
61.7

80.7
17.9
62.8

Rest of the world
From business
From Federal Government .,

154.8
97.5
57.4

165.9
98.3
67.6

202.7
114.6
88.1

221.2
130.1
91.1

Imputed Interest paid

396.4

411.6

488.1

255.5
140.9

411.6
269.3
142.3

306.5
159.9

488.1
324.2
163.8

396.4

411.6

466.4

488.1

45.4
7.9
37.5

67.2
47.7
8.3
39.4
19.3

74.9
54.4

76.1
563
9.0
47.3
19.5

Government
Federal
State and local

Domestic corporate business (financial)
Banks, credit agencies, and investment companies
Life insurance carriers
Imputed Interest received
Domestic business l
,
Corporate business
,
Financial
Nonfinancial
Sole proprietorships and partnerships
Farm
Nonfarm
Other private business

1.7
17.7
.2

9.1
45.4
20.3
1.8
18.5
.2

307.0
166.1
140.9

319.3
177.0
142.3

363.2
203.3
159.9

382.2
218.4
163.8

Government
Federal
State and local

9.0
1.2
7.8

9.6
1.3
8.2

11.0
1.5
9.5

11.3
1.4

Rest of the world

14.5

15.5

17.3

18.5

457.0
92.4
76.4
288.2
-67.2
268.0
134.7
792.5

386.3
464.5
92.8
74.9
296.8
-78.2
274.4
149.9
810.6

412.5
511.4
118.1
80.8
312.5
-98.9
275.7
166.7
854.9

435.7
540.3
130.6
85.1
324.6
-104.7
276.4
185.7

Persons
From banks, credit agencies, and investment companies
From life insurance carriers

Addenda:
Net interest (59+63)
Domestic business (2+39-2JW3)
Corporate (3+39-24-44)
Sole proprietorships and partnerships (8-27-47)
Other private business (11-28-50)
Rest of the world (19-85-67)
Net interest paid by government (16-32-54)
Interest paid by persons (15)
Personal interest income (58+64+65) or (29+51)

20.4
1.7
18.7
.2

1.7
17.9
.2

1. Excludes interest paid or received by government enterprises, which is included in the government sector.
2. Consists of interest paid on the deposit liabilities of commercial and mutual savings banks, savings and loan
associations, and credit unions.
3. Interest received by nonfinancial sole proprietorships and partnerships is considered interest received by persons and is included in line 29.
NOTE.-In this table, imputed interest paid (line 38) is the difference between the property income received by
financial intermediaries from the investment of depositors' or beneficiaries' funds and the interest paid by them to
business, persons, governments, and the rest of the world. In table 8.21, imputed interest (line 155)—the interest
component of imputations that affect gross national product—consists of the imputed interest paid by financial
intermediaries other than life insurance carriers to persons and government and of the interest paid on owner-occupied housing and on buildings and equipment owned and used by nonprofit institutions serving individuals.

128 • December 1999

SURVEY OF CURRENT BUSINESS
Table 8.21—Imputations in the National Income and Product Accounts
[Billions of dollars]
Line

1995

1996

1997

Gross nations! product
Imputations (112115+130+135+136+139+143+144+145+146+147+151+153).
Excluding imputations (1-2)

7,420.9 7,831.2 8,305.0 8,750.0
1,117.1 1,159.7 1,222.5 1,284.4
6,303.7

6,671.5 7,082.5 7,465.6

Personal consumption expenditures
Imputations (112-115-149-150+130+135+139+143+144+145+146)
Excluding imputations (4-5)

676.5 683.7 711.8 732.0
4,292.4 4,553.8 4,812.6 5,116.6

Gross private domestic investment
Imputations (149+150+151)
Excluding imputations (7-8)

1,143.8 1,242.7 1,383.7 1,531.2
314.0
342.3 379.5
284.0
928.7 1,041.4 1,151.8

Net exports of goods and services and income
Imputations (14-17)
Excluding imputations (10-11)

5,237.5 5,524.4 5,848.6

-63.9
0
-63.9

-70.9
0
-70.9

-84.1
0
-84.1

-159.5
0
-159.5

Exports of goods and services and income receipts
Imputations (138)
Excluding imputations (13-14)

1,050.8 1,119.7 1,250.6 1,251.6
15.5
17.3
14.5
18.5
1,036.3 1,104.2 1,233.3 1,233.2

Imports of goods and services and income payments
Imputations (138)
Excluding imputations (16-17)

1,114.7 1,190.6 1,334.7 1,411.1
17.3
14.5
15.5
18.5
1,100.3 1,175.1 1,317.4 1,392.6

Government consumption expenditures and gross investment
Imputations (136+147+153)
Excluding imputations (19-20)
Government consumption expenditures .
Imputations (136+147+153-154)
Excluding imputations (22-23)
Gross government investment
Imputations (154)
Excluding imputations (25-26)

1,372.0 1,421.9 1,481.0 1,529.7
162.0
168.4
156.6
173.0
1,215.4 1,259.9 1,312.6 1,356.7
1,133.9 1,171.8 1,222.9 1,261.0
-81.6
-89.7
-95.7
-68.1
1,215.4 1,259.9 1,312.6 1,356.7
238.2
238.2
0

250.1
250.1
0

258.1
258.1

268.7
268.7

Gross national Income
Gross national Income
Imputations (112-115+130+135+136+139+142+151+153)
Excluding imputations (28-29)

7,394.4 7,798.4 8.30&2 8,797.6
1,117.1 1,159.7 1,222.5 1,284.4
6,277.2 6,638.7 7,085.7 7,5135

4,202.5 4,395.6 4,675.7 5,011.2
279.3 280.6 284.6 298.7
3,923.2 4,115.0 4,391.1 4,712.5

Compensation of employees
Imputations (142)
Excluding imputations (31-32)
Proprietors' income with inventory valuation and capital consumption
adjustments.
Imputations (128+139+151)
Excluding imputations (34-35)

497.7

544.7

578.6

606.1

6.1
491.6

6.6
538.1

7.2
571.4

7.6
598.5

Rental income of persons with capital consumption adjustment
imputations (129)
Excluding imputations (37-38)

117.9
60.7
57.2

129.7
70.5

1302
72.1
58.1

137.4
78.5
58.9

Net interest
imputations (155)
Excluding imputations (40-41)

,

Indirect business tax and nontax liability
Imputations (122+123+132)
Excluding imputations (43-44)
Less: Subsidies less current surplus of government enterprises
Imputations (124)
Excluding imputations (46-47)
Consumption of fixed capital
Imputations (125+133+153)
Excluding imputations (49-50)

See footnotes at the end of the table.




1995

1996

1997

1998

3,424.7 3,626.5 3,888.9 4,186.0
9.9
10.2
10.9
10.6
3,414.8 3,616.2 3,878.3 4,175.1

Wage and salary disbursements
Imputations (143+144+145)
Excluding imputations (55-56)

55
56
57

Other labor income
Imputations (146)
Excluding imputations (58-59)

58
59
60

497.0
266.1
230.9

490.0
267.2
222.9

500.9
270.9
229.9

515.7
284.7
231.0

Proprietors' income with inventory valuation and capital consumption
adjustments.
Imputations (128+139+151)
Excluding imputations (61-62)

61

497.7

544.7

578.6

606.1

62
63

6.1
491.B

6.6
538.1

7.2
571.4

7.6
598.5

Rental income of persons with capital consumption adjustment ........
Imputations (129)
........
Excludina imDutations (64-65)

64
65
66

117.9
60.7
57.2

129.7
70.5
59.3

130.2
72.1
58.1

137.4
78.5
58.9

Personal interest income
Imputations (135)
Excluding imputations (67-68)

67
68
69

792.5
166.1
626.4

810.6
177.0
633.6

854.9
203.3
651.6

897.8
218.4
679.4

Transfer payments to persons
Imputations (-124)
Excludina imDutations (70-71)

70
71
72

885.9
-.1
886.0

928.8
0
928.8

962.4
-.1
962.5

983.6
0
983.6

Personal tax and nontax payments
Imputations (-121-132)
Excluding imputations (73-74)

73
74
75

778.3
-34.8
863.1

869.7
968.3 1,072.6
-88.0
-94.4
-91.2
957.7 1,059.5 1,167.0

Disposable personal income
Imputations (53-74)
Excluding imputations (76-77)

76
77
78

5,422.6 5,677.7 5,982.8 6,286.2
593.6
619.5
694.5
655.2
4,829.0 5,058.2 5,327.6 5,591.7

Personal outlays
Imputations (83+86)
Excluding imputations (79-80)

79
80
81

5,120.2 5,405.6 5,711.7 6,056.6
427.4
449.9
426.8
440.9
4,692.8 4,978.8 5,270.8 5,606.7

Personal consumption expenditures
Imputations (5)
Excluding imputations (82-83)

82
83
84

4,969.0 5,237.5 5,524.4 5,848.6
676.5
711.8
732.0
683.7
4,292.4 4,553.8 4,812.6 5,116.6

Interest paid by persons
Imputations (-118-131)
Excludina imDutations (85-86) ..

85
86
87

134.7
-249.2
383.9

149.9
-257.0
406.8

166.7
-270.9
437.6

185.7
-282.1
467.8

Personal saving '.
imputations (149+150+151-125-133)
Excluding imputations (88-89)

88
89
90

302.4
166.2
136.2

272.1
192.8
79.4

271.1
214.3
56.8

229.7
244.7
-15.0

Government current receipts, expenditures, and surplus or deficit

424.3
-34.5

386.3
443.5
-57.3

412.5
4855
-72.7

435.7
511.8
-76.2

594.6
84.8
509.8

620.0
88.0
532.0

645.8
91.2
554.5

677.0
94.4
582.6

22.2
.1
22.1

22.6
0
22.6

19.0
.1
18.9

20.8
0
20.8

912.2
262.1
650.1

956.4 1,009.7 1,066.9
270.5
2825
293.4
773.6
727.5

Personal Income, outlays, and saving
Personal income
Imputations (128+129-124+135+139+143+144+145+146+151)
Excluding imputations (52-53)

Line

1998

Gross national product

6,200.9 6,547.4 6,951.1 7,358.9
600.1
508.8
531.5
564.0
5,692.1 6,015.9 6,387.1 6,758.8

91
92
93

2,117.1 2,269.1 2,440.5 2,611.8
3.3
3.2
3.1
3.1
2,113.8 2,265.9 2,437.4 2,608.7

Government current expenditures
Imputations (147+153-154)
Excluding imputations (94-95)

94
95
96

2,293.7 2,384.5 2,461.8 2,523.1
-90.6
-97.7 -100.8 -107.0
2,384.3 2,482.2 2,562.6 2,630.2

Government current surplus or deficit
Imputations (154-153)
Excluding imputations (97-98)

97
98
99

-176.7
939
-270.6

Gross Investment, or gross saving and statistical discrepancy
Imputations (148+154)
Excluding imputations (100-101)

100
101
102

1,284.0 1,382.1 1,518.1 1,598.4
284.0
379.5
314.0
342.3
1,000.0 1,068.1 1,175.8 1,219.0

Personal saving
Imputations (148-125-133)
Excluding imputations (103-104)

103
104
105

302.4
166.2
136.2

272.1
192.8
79.4

Consumption of fixed capital
Imputations (125+133+153)
Excluding imputations (106-107).,

106
107
108

912.2
262.1
650.1

956.4 1,009.7 1,066.9
293.4
270.5
282.2
773.6
685.9
727.5

Government current surplus or deficit,
Imputations (154-153)
Excluding imputations (109-110)

109
110
111

-176.7
93.9
-270.6

imputations (147)
!!!!!!!!!!!»»!!»!»»!!!!!!!"!!!!!!!«»!!!'.!!'.'.'.'.!!'.!'.!»!!!
Excluding imputations (91-92)

-115.4
100.9
-216.3

-21.3
103.9
-125.2

88.7
110.2
-21.5

Gross saving or gross Investment

-115.4
100.9
-216.3

271.1
214.3
56.8

-21.3
103.9
-125.2

229.7
244.7
-15.0

88.7
110.2
-21.5

SURVEY OF CURRENT BUSINESS

December 1999

•

12$

Table 8.21.—Imputations in the National Income and Product Accounts—Continued
[Billions of dollars]
Line

1995

1996

1997

Space rent
Nonfarm
Farm
Intermediate inputs
Nonfarm
Farm
Net interest
Nonfarm
Farm
Indirect business tax and nontax liability
Nonfarm
Farm
Subsidies (nonfarm)
Consumption of fixed capital
Nonfarm
Farm
Proprietors' income with inventory valuation and capital consumption
adjustments (114-117-120-123-127).
Rental income of persons with capital consumption adjustment (113116-119-122+124-126).

Services furnished without payment by financial Intermediaries
except life Insurance carriers (imputed Interest received).
Persons2
Government
Business
Rest of the world 3

.........

Farm products consumed on farms
Output
Less: Intermediate inputs
Employment-related Imputations
Food furnished to employees, including military and domestic
service 4 .
Standard clothing issued to military personnel 4
Employees' lodging 4
Employer contributions for health and life insurance5
Contributions for social insurance for Federal Government
employees for certain programs 6 .
Private investment-related Imputations
Owner-occupied residential structures 7
Nonresidential fixed investment by nonprofit institutions serving
individuals8.

534.9
529.3
5.6
70.5
69.5

561.3
555.4

1.0
234.4
233.9

1.0
241.6
241.0

.6

.6

81.0
80.2
.8
.1
88.1
85.1
3.0
.2

84.2
83.3
.8
0
90.7
87.6
3.2
.2

591.5
585.5
6.0
80.8
79.8
1.0
255.1
254.5
.6
87.2
86.4
.8
.1
96.1
92.8
3.3
.2

60.7

70.5

72.1

5.8
74.1

73.1

622.6
6.2
922
912
1.0
266.8
266.1

.6
90.2
89.3
.9
0
101.0

97.6
3.4
.2
78.5

130

48.1

49.8

51.7

53.4

131
132
133

14.7
3.8
29.7

15.4
3.9
30.5

15.8
4.0
31.9

15.4
4.3
33.8

1997
6.7

7.2

382.5
144.3
238.2

399.4
149.2
250.1

412.3
154.2
258.1

427.3
158.6
268.7

Net interest (118+131+134-137-138) ..
Monetary interest paid by persons .
Owner-occupied housing (118)
Interest paid by nonprofit institutions serving individuals (131)
Imputed interest paid by banks, credit agencies, and investment
companies (134).
Less: Imputed interest received ..
By business (137)
By the rest of the world (138)

424.3
249.2
234.4
14.7
255.5

443.5
257.0
241.6
15.4
269.3

485.2
270.9
255.1
15.8
306.5

511.8
282.1
266.8
15.4
324.2

80.4
65.9
14.5

82.7
67.2
15.5

92.2
74.9
17.3

94.5
76.1
18.5

Interest paid by persons
Owner-occupied housing (-118)
Interest paid by nonprofit institutions serving individuals (-131).

-249.2
-234.4
-14.7

-257.0
-241.6
-15.4

-270.9
-255.1
-15.8

-282.1
-266.8
-15.4

166.1
424.3

177.0
443.5

203.3
485.2
-11.0
-270.9

218.4
511.8
-11.3
-282.1

134

255.5

269.3

306.5

324.2

135
136
137
138

166.1
9.0
65.9
14.5

177.0
9.6
67.2
15.5

2033
11.0
74.9
17.3

218.4
11.3
76.1
18.5

139

.2

140
141

.5
.3

.5
.3

.5
.3

.5
.3

142

279.3

280.6

284.6

298.7

143

9.2

9.5

9.9

10.2

144
145
146
147

.3
.4
266.1
3.3

.3
.4
267.2
3.2

.3
.4
270.9
3.1

.3
.4
284.7
3.1

Government Investment-related imputations .
General government consumption of fixed capital 9
Gross government investment 10

1995
5.6

Interest-related Imputations:

Personal interest income (134-136-137-138)
Net interest (118+131+134-137-138)
Imputed interest received by government (-136)
Interest paid by persons (-118-131)

-9.0
-9.6
-249.2 -257.0

Selected aggregates

148

284.0

314.0

342.3

379.5

149
150

235.8
42.6

263.1
44.7

282.9
52.7

315.6
56.7

1. Residential dwellings owned and used by nonprofit institutions serving individuals are included in owner-occupied housing categories.
2. Includes services furnished without payment by financial intermediaries except life insurance carriers to government employee retirement plans.
3. Classified as a service in exports of goods, services, and income receipts and as an income payment in
imports of goods, services, and income payments.
4. For general government employees, recorded as compensation of employees (wages and salaries) and as
a sale; government consumption expenditures is not affected. Similar payments for employees of government enterprises are not included in government consumption expenditures; they are deducted in the calculation of the surplus
of government enterprises.
5. Health insurance premiums paid by employers are included in the calculation of the "health insurance" category
of personal consumption expenditures (PCE); life insurance premiums paid by employers are included in the calculation of the "expenses of handling life insurance and pension plans" category of PCE.
6. Consists of the programs for which a social insurance fund is imputed, and for which contributions are set
equal to benefits paid. These payments are funded directly out of the current budget. The specific programs consist
of workers' compensation, unemployment insurance, and medical services for the dependents of active duty military
personnel at nonmilitary facilities. Source data are not available for the corresponding treatment for similar State
and local government programs. Similar payments for employees of government enterprises are not included in government consumption expenditures; they are deducted in the calculation of the surplus of government enterprises.




1996

Margins on owner-built housing .

Owner-occupied housing:

Rental value of nonresldentlal fixed assets owned and used by
nonprofit institutions serving individuals K
Net interest (interest paid)
Indirect business tax and nontax liability
Consumption of fixed capital

Line

1998

Specific Imputations

Gross domestic product.
Imputations
Owner-occupied housing (113-116+114-117)
Rental value of nonresidential fixed assets owned and used by
nonprofit institutions serving individuals (131+132+133).
Services furnished without payment by financial intermediaries
except life insurance carriers (135+136+138).
Employment-related imputations (142)
Farm products consumed on farms (139)
Margins on owner-built housing (151)..............................................
Consumption of general government fixed capital (153)
Excluding imputations (170-171)
Personal Income
Imputations
Food furnished to employees, including military and domestic
service (143).
Standard clothing issued to military personnel (144)
Employees' lodging (145)
Employer contributions for health and life insurance (146)
Owner-occupied farm housing (128)
Farm products consumed on farms (139)
Margins on owner-built housing (151)
Owner-occupied nonfarm housing (129-124)
Services furnished without payment by financial intermediaries
except life insurance carriers (135).
Excluding imputations (180-181)

7,400.5

7,813.2
8,759.9
1,131.6 1,175.2 1,239.8 1,302.9
487.1
464.4
510.7
536.6
49.8
48.1
51.7
53.4
189.6

202.1

231.6

248.2

279.3
.2
5.6

280.6
.2

284.6
.2
6.7
154.2

298.7
.2
7.2
158.6
7,457.0

6.2

149.2
144.3
6,268.9 6,638.0 7,061.0
6,200.9
508.8
9.2

6,547.4

.3
.4
266.1
.2
.2
5.6
60.6

.3
.4
267.2
.2
.2
6.2
70.5

166.1
5,692.1

531.5
9.5

6,951.1 7,358.9
564.0 600.1
10.2
9.9

.3
.4
270.9
.2
.2
6.7
72.0
203.3

.3
.4
284.7
.2
.2
7.2
78.4
218.4

6,015.9 6,387.1

6,758.8

177.0

7. Consists of owner-occupant purchases of new single-family dwellings, including manufactured homes, expenditures on improvements, and payments of commissions on new and existing residential dwellings^ less sales of dwellrriates. It differs from the investment data shown in table 5.6 because the series shown in that table reflect total
purchases by private business.
8. Excludes investment by nonprofit institutions serving individuals in residential properties, which is included in
owner-occupant investment (see footnote 1) and in sales of existing structures to governments. The series is calculated from the investment data prepared as part of BEA's capita! stock estimates. It differs from the investment
data shown in table 5.6 because the series shown in that table reflect total purchases by private business.
9. The consumption of fixed capital (CFC) of government enterprises is not included in government consumption
expenditures; it is deducted in the calculation of the current surplus of government enterprises and is recorded as
part of total government CFC.
10. Includes gross investment of government enterprises.
NOTE.—"Imputations" are transactions recorded in the national income and product accounts that are not transactions of the market economy. In this table, the imputations shown in the "specific imputations" section are those
that affect gross national product (GNP). In table 8.20, imputed interest paid by life insurance carriers (line 41)
consists of the property incomes earned on life insurance and pension reserves. These incomes are considered
to be incomes received by persons and not by the insurance carriers; this "transfer" is not considered an imputation
for purposes of table 8.21, because it does not affect GNP.

SURVEY OF CURRENT BUSINESS

JJO ® December 1999

Table 8.22.—Relation of Consumption of Fixed Capital in the National Income and Product Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal Revenue Service (IRS)

Table 8.24.—Relation of Net Farm Income in the National Income and
Product Accounts (NIPA's) to Net Farm Income as Published by the
U.S. Department of Agriculture (USDA)

[Billions of dollars]

[Billions of dollars]
Une

Corporations
Depreciation and amortization, IRS
Less: Depreciation of assets of foreign branches
Depreciation or amortization of intangible assets1
Other2
Plus: Accidental damage to fixed capital other than repairable damage
Depreciation of computer software not in IRS depreciation
Depreciation of mining exploration, shafts, and wells charged to
Depreciation of motor vehicles not in IRS depreciation3
Depreciation of railroad track charged to current expense4
Other5
.

1995

1996

1
2
3

496.7
3.3
27.7
4ft ft

it Q

5
6
7

4.1
53.9
13.3

4.0
59.2
12.3

8
9
10

5.4

5.4

il

i'3

1997

535.8
3.5
32.0

::::::::::

Equals: Capital consumption allowances, NIPA's

11

530.7

568.1

614.0

Less: Capital consumption adjustment

12

18.1

24.4

34.6

43.3

Equals: Consumption of fixed capital, NiPA's

13

512.6

543.6

579.4

619.2

Nonfarm sold proprietorships and partnerships
Depreciation and amortization, IRS

14

107.3

116.8

130.5

Less: Depreciation or amortization of intangible assets
Adjustment for misreporting on income tax returns
Other6
...
Plus: Accidental damage to fixed capital other than repairable damage
Depreciation of computer software not in IRS depreciation
Depreciation of mining exploration, shafts, and wells charged to

15
16
17
18
19
20

1.1
9.2

1.9
9.6
.8
.6
5.4
2.2

2.7
10.3
.8
.8
5.6
2.4

3

Depreciation of motor vehicles not in IRS depreciation

.8
5.3
2.3

662.5

.5

.5

.5

1051

1133

1261

1332

Less: Capital consumption adjustment

23

29.9

35.5

45.0

48.2

Equals: Consumption of fixed capital, NIPA's

24

75.2

77.8

81.1

85.0

1. Consists of intangible assets that the IRS allows to be amortized.
2. Consists of depreciation or amortization of the following items: Breeding, dairy, and work animals; motion picture films; rental videocassettes; and rental clothing.
3. Consists of depreciation of employees' motor vehicles reimbursed by business and depreciation of business
motor vehicles charged to current expense.
4. Beginning with 1981. included in IRS depreciation (line 1).
5. Consists of depreciation of assets owned by Federal Reserve banks, Federally sponsored credit agencies,
credit unions, and nonprofit institutions serving business; depreciation of interest paid by public utilities for ownaccount investment prior to 1987 (beginning with 1987, included in line 1).
6. Consists of depreciation or amortization of rental videocassettes and rental clothing.

Table 8.23.—Relation of Nonfarm Proprietors' Income in the National Income and Product Accounts (NIPA's) to Corresponding Measures as
Published by the Internal Revenue Service (IRS)
[Billions of dollars]

Net
)t profit (less loss) of nonfarm oropririetorshlps and partnerships,
plus payments to partners, IRS.

1996

1997

247.3

287.1

311.3

Plus: Adjustments for misreporting on income tax returns ....
Posttabulation amendments and revisionsl
Depletion on domestic minerals .
Adjustment to depreciate expenditures for mining exploration,
shafts, and wells.
Bad debt expense ,
Income received by fiduciaries
Income of tax-exempt cooperatives .

213.7
-24.0
.8
.8

224.4
-48.1
.9
.7

231.8
-64.7
.9
2.9

4.6
1.1
3.5

6.1
1.1
3.7

6.9
1.2
3.9

Equals: Nonfarm proprletoi

447.8

476.0

504.2

te, NIPA's

1998

532.2

1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written
off, of adjustments for corporate partners and statutory employees, of interest income, and of margins on ownerbuilt housing.




1996

1997

37.2

54.9

48.6

44.1

Plus: Depreciation and other consumption of farm capital, USDA
Farm housing, NIPA's
Monetary interest received by farm corporations
Valuation adjustment, Commodity Credit Corporation loans
Less: Consumption of fixed capital, NIPA's
Gross rental value of farm housing, USDA
Patronage dividends received from cooperatives
Other 1 !
„.

17.5
6.0
.7
-.9
24.6
9.4
.5
1.3

17.8
6.2
.8
-.6
25.4
9.9
.6
1.3

17.8
6.4
.7
.4
26.2
10.1
.8
1.4

18.0
6.6
.7
0
27.1
10.8
.6
1.7

24.7

42.0

35.5

29.2

22.2
2.5

34.3
7.7

29.5
6.0

25.1
4.1

,

Equals: Farm proprietors' income and corporate profits with
Inventory valuation and capital consumption adjustments.
Proprietors' income

1998

1. Consists largely of salaries paid to corporate officers and to certain farm operators.

[Billions of dollars]

21

1995

Une

Table 8.25.—Relation of Corporate Profits, Taxes, and Dividends in the
National Income and Product Accounts (NIPA's) to Corresponding
Measures as Published by the Internal Revenue Service (IRS)

22

Une

1995

Net farm income, USDA .

1998

1997

1998

Une

1995

1996

Total receipts less total deductions, IRS

1

717.8

797.6

Plus: Adjustment for misreporting on income tax returns
Posttabulation amendments and revisions1
Income of organizations not filing corporation income tax returns
Federal Reserve banks .....!.
Federally sponsored credit agencies2
Other3
Depletion on domestic minerals
Adjustment to depreciate expenditures for mining exploration,
shafts, and wells.
State and local corporate profits tax accruals
Interest payments of regulated investment companies
Bad debt expense

2
3
4
5
6
7
8
9

85.7
-6.4
27.8
22.2
2.6
3.0
8.1
-2.1

94.1
-4.3
28.4
21.8
2.7
4.0
8.2
.6

10
11
12

31.7
-79.2
67 8

33.0
-86.4
747

13
14
15

115.5
38.7
92.3

132.9
47.2
107.1

16
17

20.5
7.7

25.3
8.0

18

92.0

100.9

Equals: Profits before taxes, NIPA's

19

668.5

726.3

Federal Income and excess profits taxes, IRS

20

198.8

223.7

Plus: Posttabulation amendments and revisions, including results of
audit and renegotiation and carryback refunds.
Amounts paid to U.S. Treasury by Federal Reserve banks
State and local corporate profits tax accruals
Less: U.S. tax credits claimed for foreign taxes paid
Investment tax credit5
Other tax credits5

21

-.5

-.1

22
23
24
25
26

23.4
31.7
33.5

201
33.0
43.3

8.9

9.8

Equals: Profits tax liability, NIPA's

27

211.0

223.6

238.3

240.2

Profits after tax, NIPA's (19—27)

28

457.5

502.7

557.6

541.7

Dividends paid in cash or assets, IRS

29

445.1

530.8

Plus: Posttabulation amendments and revisions6
Dividends paid by Federal Reserve banks and certain federally
sponsored credit agencies2.
U.S. receipts of dividends from abroad, net of payments to

30
31

-68.2
1.3

-91.8
1.4

32

32.6

40.4 :

33

2.8

3.7

Less: Tax-return measures of:
Gains, net of losses, from sale of property
Dividends received from domestic corporations
Income on equities in foreign corporations and branches (to
U.S. corporations).
Costs of trading or issuing corporate securities 4
Taxes paid by domestic corporations to foreign governments on
income earned abroad.
Plus: Income received from equities in foreign corporations and
branches by all U.S. residents, net of corresponding payments.

••-••••"•

'.'.ZZ

795.9

:

781.9

:

:

flhrnaH

Earnings remitted to foreign residents from their unincorporated
U S affiliates
Interest payments of regulated investment companies

34

-79.2

-86.4

Less: Dividends received by U.S. corporations
Earnings of U.S. residents remitted by their unincorporated
foreign affiliates.

35
36

74.1
6.0

93.5
7.0

Equals: Net corporate dividend payments, NIPA's

37

254.2

297.7

333.7

348.6

1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written
off, of adjustments for insurance carriers and savings and loan associations, of amortization of intangible assets,
and of tax-exempt interest income.
2. Consists of the Farm Credit System for 1947 forward and the Federal home loan banks for 1952 forward.
3. Consists of nonprofit organizations serving business and of credit unions.
4. Includes the imputed financial service charge paid by corporations to domestic securities dealers who do not
charge an explicit commission.
5. Beginning with 1984, the investment tax credit is included in other tax credits (line 26).
6. Consists largely of an adjustment to remove capital gains distributions of regulated investment companies.

SURVEY OF CURRENT BUSINESS

December 1999

•

131

Table 8.26.—Relation of Monetary Interest Paid and Received in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS)

Table 8.27.—Relation of Wages and Salaries in the National Income and
Product Accounts (NIPA's) to Wages and Salaries as Published by
the Bureau of Labor Statistics (BLS)

[Billions of dollars]

[Billions of dollars]
line

1995

1996

1997

Une

Corporations
interest paid, IRS
Less: Interest paid by foreign branches of commercial banks
Plus: Interest paid by organizations not filing corporation income tax
returns.
Federally sponsored credit agencies
Other 1
Interest paid by regulated investment companies reported as
distributions to stockholders.
Adjustment for mutual savings banks and savings and loan
Other 2 ......

Total wages and salaries, BLS*
744.8

770.9

11.0
29.0

9.1
29.9

17.4
11.6
79.2

17.5
12.4
86.4

3.0

2.5

Plus: Adjustment for misreporting on employment tax
Adjustment for thrift savings plans 3
Adjustment for selected industries4 .
Other 5 ....

7.6

6.1
886.7

982.0

Interest paid, IRS.,

52.6

59.6

70.3

Plus: Interest reported on rental expense schedule .
Interest passed through to partners
Interest capitalized on tax returns

57.2
10.0
1.5
9.3

57.0
11.8
1.2
10.0

59.3
16.4
1.0
11.3

112.1

119.7

135.7

« t paid by corporations, NIPA's .

1,086.6

Nonfarm proprietorships and partnerships

Less: Adjustment for misreporting on income tax returns
Equals: Monetary interest paid, NIPA's

145.8

Other3 f...r.

.!.

Adjustment for mutual savings banks and savings and loan
associations.
Other 4
Equals: Monetary interest received by corporations, NIPA's

12.0
70.1

25.4
19.8
23.1
5.4

25.2
20.2
24.7
6.2

9.4

11.5

83.5
3.1
113.6
11.6

16.4

1997

3,669.5 3,967.8
89.9
1.5
114.7
13.3

97.4
0
118.2
2.7

3,626.5 3,888.9 4,186.0
3.6

-4.1

3.5

3,441.1 3,630.1 3,884.7 4,189.5

1. Total annual wages of workers covered by State unemployment insurance (Ul) laws and by the Unemployment
Compensation for Federal Employees program. Data for the most recent year are preliminary.
2. Consists of unreported wages and salaries paid by employers and of unreported tips.
3. Consists of voluntary contributions by employees. Prior to 1985, employers were not required to report these
contributions. In 1985, reporting requirements were enacted by over one half of the States; by 1990, the requirement
had been enacted by almost a! States.
4. For the following industries, consists of the difference between estimates from more comprehensive source
data (excluding the adjustments in lines 2 and 3) and BLS wages and salaries: Agriculture, forestry, and fishing;
railroad transportation; health services; educational services; social services; membership organizations; private
households; and the Federal Government.
5. Consists of wages and salaries for insurance agents classifed as statutory employees, for students and their
spouses employed by public colleges or universities, for nonprofit organizations not participating in the Ul program
(in industries not listed in footnote 4), and of other coverage adjustments.

Table 8.29.—Capital Transfers (Net)
[Billions of dollars]
Line
Capital transfer

1,111.1 1,157.8 1,275.9 1,387.8

Nonfarm proprietorships and partnerships
Interest received by financial sole proprietorships and partnerships,
IRS.

25.0

35.4

45.3

Equals: Monetary Interest received by sole proprietorships and

25.0

35.4

45.3

51.8

1. Consists of interest paid by nonprofit organizations serving business and by credit unions.
2. Consists of construction interest capitalized on tax returns, interest reported on tax returns in cost of goods
sold, and interest passed through to shareholders by small business corporations,
3. Consists of nonprofit organizations serving business, of credit unions, and of other tax-exempt interest received
by commercial banks and nonlife insurance carriers.
4. Consists of interest received by credit agencies and finance companies reported as business receipts on tax
returns and of interest passed through to shareholders by small business corporations.




78.1
5.3
114.6
10.7
3,424.7

1,039.5 1,082.1
11.5
68.3

3,215.9

Plus: Wage accruals less disbursements, NIPA's

Corporations
interest received, IRS
Less: Interest received by foreign branches of commercial banks
Plus: Interest received by organizations not filing corporation income
tax returns.
Federal Reserve banks
Federally sponsored credit agencies

1996
3,414.7

Equals: Wage and salary disbursements, NIPA's

Equals: Wage and salary accruals, NIPA's

852.5

K Monetary I

returns2.

1995

*lved by government (net).

Estate and gift taxes paid by persons
Less: Capital transfers paid to the rest of the world (net) 1
Less: Federal investment grants to State and local governments3
Less: Investment grants to business3
State and local
Estate and gift taxes paid by persons
Federal investment grants to State and local governments2
I transfers received by the rest of the world (net)
d transfers received from U.S. government (net)
Less: Immigrants' transfers received By persons (net) 4

1995

1996

1997

19.6

23.1

26.8

32.6

-12.8
14.9
.4
27.2
0
32.3
5.1
27.2

-10.7
17.5
0
28.1
0
33.8
5.6
28.1

-8.4
20.6
.2
28.8
0
35.3

-3.6
25.2

6.5
28.8

7.4
28.8

.3
.4
.1

.1

0
.2
.2

0
.2

0
28.8

0
36.2

1. Consists of forgiveness of debts owed by foreign governments to the U.S. Government.
2. Consists of Federal Government investment grants for highways, transit, air transportation, and water treatment
plants.
3. Consists of maritime construction subsidies paid by the Federal Government.
4. Consists of a limited measure of immigrants' transfers to the United States (transfers of funds by individuals
moving across borders).

SURVEY OF CURRENT BUSINESS

December 1999

GDP and Other Major
TABLES 1-4 PRESENT historical series from the national income and product accounts (NIPA'S). Table 1 presents current-dollar gross domestic product
and its components. Tables 2A and 2B present
real gross domestic product and its components,
in chained dollars and in index form, respectively. Table 3 presents NIPA price indexes, and

NIPA

Series, 1959-99

table 4 presents national income and personal income. These estimates are updated quarterly and are
available on the BEA Web site at <www.bea.doc.gov>;
for information, call 202-606-5304.
The estimates are also available on the STAT-USA Web
site at <www.stat-usa.gov>; for information, call
202-482-1986.

Table 1.—Gross Domestic Product
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Gross private domestic investment

Personal consumption expenditures

Net exports of goods and

Fixed investment
Year and
quarter

Gross
domestic
product

Nonresidentia!
Total

Durable
goods

Nondurable
goods

Services

Total
Total
Total

Structures

Equipment
and
software

Residential

Change
in
private
inventories

Net

Exports

Imports

Government consumption
expenditures and gross
investment

Total

Federal

State
and
local

Percent change
from preceding
period
Final
sales of
domestic
product

Gross
national
product

Gross
domestic
product

Final
sales of
domestic
product

1959

507.4

318.1

42.7

148.5

127.0

78.5

74.6

46.5

18.1

28.4

28.1

3.9

-1.7

20.6

22.3

112.5

67.4

45.1

503.5

510.3

1960
1961
1962
1963
1964

527.4
545.7
586.5
618.7
664.4

332.3
342.7
363.8
383.1
411.7

43.3
41.8
46.9
51.6
56.7

152.9
156.6
162.8
168.2
178.7

136.1
144.3
154.1
163.4
176.4

78.9
78.2
88.1
93.8
102.1

75.7
75.2
82.0
88.1
97.2

49.4
48.8
53.1
56.0
63.0

19.6
19.7
20.8
21.2
23.7

29.8
29.1
32.3
34.8
39.2

26.3
26.4
29.0
32.1
34.3

3.2
3.0
6.1
5.6
4.8

2.4
3.4
2.4
3.3
5.5

25.3
26.0
27.4
29.4
33.6

22.8
22.7
25.0
26.1
28.1

113.8
121.5
132.2
138.5
145.1

65.9
69.5
76.9
78.5
79.8

47.9
52.0
55.3
59.9
65.3

524.1
542.7
580.4
613.1
659.6

530.6
549.3
590.7
623.2
669.4

3.9
3.5
7.5
5.5
7.4

4.1
3.5
7.0
5.6
7.6

1965
1966
1967
1968
1969

720.1
789.3
834.1
911.5
985.3

444.3
481.8
508.7
558.7
605.5

63.3
68.3
70.4
80.8
85.9

191.6
208.8
217.1
235.7
253.2

189.5
204.7
221.2
242.3
266.4

118.2
131.3
128.6
141.2
156.4

109.0
117.7
118.7
132.1
147.3

74.8
85.4
86.4
93.4
104.7

28.3
31.3
31.5
33.6
37.7

46.5
54.0
54.9
59.9
67.0

34.2
32.3
32.4
38.7
42.6

9.2

3.9
1.9
1.4

35.4
38.9
41.4
45.3
49.3

31.5
37.1
39.9
46.6
50.5

153.7
174.3
195.3
212.8
224.6

82.1
94.4
106.8
114.0
116.1

71.6
79.9
88.6
98.8
108.5

710.9
775.7
824.2
902.4
976.2

725.5
794.5
839.5
917.6
991.5

8.4
9.6
5.7
9.3
8.1

7.8
9.1
6.3
9.5
8.2

1970
1971
1972
1973
1974

1,039.7
1,128.6
1,240.4
1,385.5
1,501.0

648.9
702.4
770.7
852.5
932.4

85.0
96.9
110.4
123.5
122.3

272.0
285.5
308.0
343.1
384.5

292.0
320.0
352.3
385.9
425.5

152.4
178.2
207.6
244.5
249.4

150.4
169.9
198.5
228.6
235.4

109.0
114.1
128.8
153.3
169.5

40.3
42.7
47.2
55.0
61.2

68.7
71.5
81.7
98.3
108.2

41.4
55.8
69.7
75.3
66.0

55.8
62.3
74.2
91.2
127.5

237.1
251.0
270.1
287.9
322.4

116.4
117.6
125.6
127.8
138.2

120.7
133.5
144.4
160.1
184.2

1,037.7
1,120.3
1,231.3
1,369.7
1,487.0

1,046.1
1,136.2
1,249.1
1,398.2
1,516.7

5.5
8.6
9.9

6.3
8.0
9.9

11.7
8.3

11.2

1975
1976
1977
1978
1979

1,635.2
1,823.9
2,031.4
2,295.9
2,566.4

1,030.3
1,149.8
1,278.4
1,430.4
1,596.3

133.5
158.9
181.2
201.7
214.4

420.7
458.3
497.2
550.2
624.4

476.1
532.6
600.0
678.4
757.4

230.2
292.0
361.3
436.0
490.6

236.5
274.8
339.0
410.2
472.7

173.7
192.4
228.7
278.6
331.6

61.4
65.9
74.6
91.4
114.9

112.4
126.4
154.1
187.2
216.7

8.9

10.4
10.1
11.2
13.0
12.3

1980
1981
1982
1983
1984

2,795.6
3,131.3
3,259.2
3,534.9
3,932.7

1,762.9
1,944.2
2,079.3
2,286.4
2,498.4

214.2
231.3
240.2
281.2
326.9

696.1
758.9
787.6
831.2
884.7

852.7
954.0
1,051.5
1,174.0
1,286.9

477.9
570.8
516.1
564.2
735.5

484.2
541.0
531.0
570.0
670.1

360.9
418.4
425.3
417.4
490.3

133.9
164.6
175.0
152.7
176.0

1985
1986
1987
1988
1989

4,213.0
4,452.9
4,742.5
5,108.3
5,489.1

2,712.6
2,895.2
3,105.3
3,356.6
3,596.7

363.3
401.3
419.7
450.2
467.8

928.8
958.5
1,015.3
1,082.9
1,165.4

1,420.6
1,535.4
1,670.3
1,823.5
1,963.5

736.3
747.2
781.5
821.1
872.9

714.5
740.7
754.3
802.7
845.2

527.6
522.5
526.7
568.4
613.4

1990
1991
1992
1993
1994

5,803.2
5,986.2
6,318.9
6,642.3
7,054.3

3,831.5
3,971.2
4,209.7
4,454.7
4,716.4

467.6
443.0
470.8
513.4
560.8

1,246.1
1,278.8
1,322.9
1,375.2
1,438.0

2,117.8
2,249.4
2,415.9
2,566.1
2,717.6

861.7
800.2
866.6
955.1
1,097.1

847.2
800.4
851.6
934.0
1,034.6

1995
1996
1997
1998

7,400.5
7,813.2
8,300.8
8,759.9

4,969.0
5,237.5
5,524.4
5,848.6

589.7
616.5
642.9
698.2

1,497.3
1,574.1
1,641.7
1,708.9

2,882.0
3,047.0
3,239.8
3,441.5

1,143.8
1,242.7
1,383.7
1,531.2

III
IV ....

496.1
509.2
510.2
514.2

310.4
316.5
321.7
323.9

41.5
43.2
44.1
41.8

146.1
147.7
149.3
150.9

122.9
125.6
128.4
131.2

1960:1
II ..
Ill
IV ....

527.9
527.1
529.9
524.6

327.4
333.3
333.3
335.2

43.2
44.1
43.6
42.4

150.8
153.6
153.0
153.9

1961:1
II
Ill
IV ....

528.9
539.9
550.3
563.4

335.7
340.6
343.5
350.8

39.9
40.9
42.1
44.2

1962:1
II
Ill
IV ....

576.8
583.9
591.0
594.4

356.0
361.6
365.6
371.8

45.2
46.4
46.9
48.9

1959:1

II




13.6

9.9
9.1
9.2

-1.3
-1.2

2.0
8.3
9.1

-3.0
-8.0

15.9
14.0

-3.1

57.0
59.3
66.2
91.8
124.3

62.7
82.5
110.3
131.6
141.0

-6.3
17.1
22.3
25.8
18.0

13.6
-5.3
-23.7
-26.1
-54.0

136.3
148.9
158.8
186.1
228.7

122.7
151.1
182.4
212.3
252.7

361.1
384.5
415.3
455.6
503.5

152.1
160.6
176.0
191.9
211.6

209.0
223.9
239.3
263.8
291.8

1,641.4
1,806.8
2,009.1
2,270.1
2,548.4

1,648.4
1,841.0
2,052.1
2,318.0
2,599.3

227.0
253.8
250.3
264.7
314.3

123.2
122.6
105.7
152.5
179.8

-6.3
29.8
-14.9
-5.8
65.4

-14.9
-15.0
-20.5
-51.7
-102.0

278.9
302.8
282.6
277.0
303.1

293.8
317.8
303.2
328.6
405.1

569.7
631.4
684.4
735.9
800.8

245.3
281.8
312.8
344.4
376.4

324.4
349.6
371.6
391.5
424.4

2,801.9
3,101.5
3,274.1
3,540.7
3,867.3

2,830.8
3,166.1
3,295.7
3,571.8
3,968.1

193.3
175.8
172.1
181.6
193.4

334.3
346.8
354.7
386.8
420.0

186.9
218.1
227.6
234.2
231.8

21.8

-114.2
-131.9
-142.3
-106.3
-80.7

303.0
320.3
365.6
446.9
509.0

417.2
452.2
507.9
553.2
589.7

878.3
942.3
997.9
1,036.9
1,100.2

413.4
438.7
460.4
462.6
482.6

464.9
503.6
537.5
574.3
617.7

4,191.2
4,446.3
4,715.3
5,089.8
5,461.4

4,238.4
4,468.3
4,756.2
5,126.8
5,509.4

630.3
608.9
626.1
682.2
748.6

202.5
183.4
172.2
179.4
187.5

427.8
425.4
453.9
502.8
561.1

216.8
191.5
225.5
251.8
286.0

14.5
15.0
21.1
62.6

-71.4
-20.7
-27.9
-60.5
-87.1

557.2
601.6
636.8
658.0
725.1

628.6
622.3
664.6
718.5
812.1

1,181.4
1,235.5
1,270.5
1,293.0
1,327.9

508.4
527.4
534.5
527.3
521.1

673.0
708.1
736.0
765.7
806.8

5,788.7
5,986.4
6,303.9
6,621.2
6,991.8

1,110.7
1,212.7
1,315.4
1,460.0

825.1
899.4
986.1
1,091.3

204.6
225.0
254.1
272.8

620.5
674.4
732.1
818.5

285.6
313.3
329.2
368.7

33.0
30.0
68.3
71.2

-64.3
-89.0
-88.3
-149.6

818.6
874.2
968.0
966.3

902.8
963.1
1,056.3
1,115.9

1,372.0
1,421.9
1,481.0
1,529.7

521.5
531.6
537.8
538.7

850.5
890.4
943.2
991.0

76.2
82.2
76.5
79.3

72.3
74.9
76.1
75.2

44.5
46.1
47.8
47.7

17.4
18.0
18.6
18.5

27.1
28.1
29.2
29.2

27.8
28.8
28.3
27.5

3.9
7.3
.4
4.1

-1.7
-5.5
-1.1
-1.4

19.7
20.0
21.8
21.1

21.4
22.5
22.9
22.5

111.3
113.1
113.1
112.4

66.4
67.9
67.9
67.4

133.4
135.6
136.6
138.9

89.1
79.7
78.7
68.1

77.9
76.4
74.4
73.9

49.5
50.3
49.0
48.6

19.4
19.5
19.4
20.0

30.2
30.8
29.6
28.6

28.4
26.1
25.3
25.3

11.2

.9
1.7
3.0
4.0

24.2
25.2
25.9
25.8

23.3
23.5
22.9
21.7

110.5
112.4
115.0
117.3

155.2
156.0
156.5
158.6

140.6
143.7
144.9
148.0

70.3
75.8
82.3
84.2

72.9
74.0
75.7
78.2

47.5
48.5
48.7
50.4

19.9
19.6
19.7
19.6

27.6
28.8
29.1
30.8

25.3
25.5
26.9
27.8

-2.5

1.8
6.7
6.0

4.4
3.3
2.8
2.9

26.1
25.2
26.1
26.8

21.7
21.9
23.3
23.9

160.6
161.9
163.4
165.3

150.2
153.3
155.2
157.6

89.4
87.9
89.3
86.0

80.0
82.4
83.1
82.6

51.6
53.2
53.9
53.5

20.0
20.8
21.4
20.9

31.6
32.4
32.5
32.6

28.4
29.2
29.2
29.1

9.4
5.4
6.2
3.4

2.3
3.2
2.9
1.5

26.6
28.1
28.0
27.0

24.3
24.9
25.1
25.6

6.6
27.1
18.5
27.7

-.2

3.2
4.3
-6.8

1.2

.6

1

11.5
11.4
13.0
11.8

8.6

8.9

9.9

12.0

10.7

4.1
8.5
11.3

5.6
8.1
9.2

7.1
5.7
6.5
7.7
7.5

8.4
6.1
6.1
7.9
7.3

5,832.2
6,010.9
6,342.3
6,666.7
7,071.1

5.7
3.2
5.6
5.1
6.2

6.0
3.4
5.3
5.0
5.6

7,367.5
7,783.2
8,232.4
8,688.7

7,420.9
7,831.2
8,305.0
8,750.0

4.9
5.6
6.2
5.5

5.4
5.6

44.9
45.1
45.2
45.0

492.3
502.0
509.8
510.1

498.8
512.0
513.1
517.3

ilb.8

£i

64.2
64.8
66.5
68.0

46.3
47.6
48.5
49.2

516.7
523.8
525.6
530.4

530.9
530.2
533.2
528.1

-3.9

118.5
120.3
121.7
125.5

67.4
69.1
69.7
71.7

51.1
51.2
52.0
53.9

531.5
538.1
543.7
557.5

532.6
543.4
553.9
567.1

3.3
8.6
7.9
9.9

10.5

129.2
131.2
133.3
135.1

75.0
76.4
77.7
78.5

54.2
54.8
55.6
56.6

567.4
578.4
584.8
591.0

580.5
588.0
595.2
599.2

9.8
5.0
5.0
2.3

7.3
8.0
4.5
4.3

3.2
11.1

-.6
2.2

5.8
5.5
6.4
.2
5.3
5.7
1.4
3.7

.8
5.1
4.2

December 1999

SURVEY OF CURRENT BUSINESS

• 133

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Personal consumption expenditures

Gross private domestic investment

Net exports of goods and

Government consumption
expenditures and gross

Percent change
from nrp/Ha^'n/*1

perod

Fixed investment
Year and
quarter

Presidential

Gross
domestic
product

Total

Durable
goods

Nondurable
goods

Services

Total
Total
Total

Structures

Equipment
and
software

Residential

Change
in
private
inventories

Net

Exports

Imports

Total

Federal

State
and
local

Final
sales of
domestic
product

Gross
national
product

Gross
domestic
product

Final
sales of
domestic
product

1963:1
II
Ill
IV ....

603.4
612.1
624.9
634.3

375.4
379.5
386.5
391.1

50.0
51.3
52.0
53.1

166.3
167.0
169.4
169.9

159.1
161.3
165.0
168.1

90.5
92.2
95.0
97.4

83.6
87.3
89.3
92.3

53.4
55.1
56.8
58.7

20.2
21.2
21.4
21.9

33.2
33.9
35.4
36.8

32.5
33.7

6.9
4.8
5.7
5.1

2.0
3.7
3.1
4.4

27.2
29.6
29.8
31.1

25.2
25.9
26.7
26.8

135.5
136.7
140.3
141.4

77.4
77.7
79.6
79.4

58.1
59.0
60.7
62.0

596.6
607.3
619.1
629.3

608.0
616.5
629.4
639.0

6.2
5.9
8.6
6.2

3.8
7.4
8.0
6.7

1964:1
II
Ill
IV ....

650.4
659.6
671.2
676.3

400.7
408.6
417.5
420.1

55.2
56.6
58.4
56.4

174.1
177.3
181.0
182.3

171.4
174.7
178.1
181.5

100.7
100.6
102.5
104.5

95.6
96.1
97.8
99.5

60.1
62.0
64.1
65.7

22.4
23.4
24.3
24.8

37.7
38.5
39.8
40.9

35.4
34.2
33.7
33.8

5.1
4.5
4.7
5.0

5.9
4.9
5.4
5.7

32.9
32.6
33.9
35.0

27.0
27.7
28.4
29.3

143.1
145.5
145.8
146.0

79.9
80.5
79.8
79.0

63.2
65.0
66.0
67.0

645.3
655.2
666.5
671.3

655.5
664.6
676.3
681.1

10.5

10.6

5.8
7.2
3.1

6.3
7.1
2.9

1965:1
II
Ill
IV ....

696.5
709.0
726.2
748.7

430.9
437.9
447.2
461.3

61.9
61.7
63.6
65.9

185.0
188.7
192.6
200.0

184.0
187.5
191.0
195.4

115.7
115.8
119.6
121.8

104.1
107.3
110.4
114,2

70.2
73.1
76.1
79.7

26.1
28.2
28.5
30.4

44.1
44.9
47.5
49.3

33.9
34.2
34.3
34.5

11.5

3.0
4.7
3.7
4.1

31.5
36.3
35.7
38.0

28.5
31.7
32.0
33.9

146.9
150.6
155.7
161.6

78.6
80.2
82.7
86.9

68.3
70.4
73.0
74.7

684.9
700.5
716.9
741.2

702.0
714.8
731.6
753.6

12.5

8.6
9.3
7.6

8.4
9.4
9.7

1966:1
II
Ill
IV ....

772.3
781.5
794.8
808.6

471.8
477.0
486.2
492.0

68.9
66.3
68.8
69.1

204.3
208.0
211.0
211.7

198.6
202.8
206.3
211.2

131.8
130.7
130.2
132.6

117.9
118.4
118.3
116.1

83.1
85.2
86.4
86.9

31.1
31.2
31.9
31.2

52.0
54.0
54.5
55.7

34.8
33.2
31.9
29.2

13.9
12.3
11.9
16.5

3.2
2.0
.8
1.5

38.2
38.2
39.0
40.4

35.0
36.2
38.2
38.8

165.5
171.8
177.7
182.4

88.8
93.2
97.0
98.7

76.7
78.6
80.6
83.7

758.4
769.2
782.9
792.1

777.4
786.7
799.9
813.9

13.2

4.9
7.0
7.1

9.6
5.8
7.4
4.7

1967:1
II
Ill
IV ....

819.3
823.9
838.7
854.4

496.3
505.5
512.7
520.3

67.6
71.0
71.1
72.0

213.9
215.6
218.0
220.9

214.9
218.8
223.6
227.4

129.3
123.7
128.5
132.9

113.8
117.4
119.3
124.5

85.5
85.7
85.9
88.4

31.7
30.9
31.5
32.0

53.8
54.8
54.4
56.5

28.3
31.6
33.4
36.0

15.4

6.3
9.3
8.4

2.3
2.1
1.1
.2

41.7
41.1
40.7
41.9

39.4
39.0
39.5
41.7

191.4
192.7
196.3
201.0

105.3
105.2
107.3
109.4

86.1
87.5
89.0
91.6

803.9
817.6
829.4
846.0

824.6
829.1
844.4
860.0

5.4
2.3
7.3
7.7

6.1
7.0
5.9
8.2

1968:1
II
Ill
IV ....

881.4
905.7
920.9
937.8

538.1
551.9
568.0
576.9

77.1
79.1
83.3
83.6

228.1
233.3
239.4
242.0

232.9
239.6
245.3
251.3

137.2
143.4
139.7
144.4

128.8
129.3
132.0
138.4

91.9
91.2
93.1
97.5

33.1
33.2
33.2
34.8

58.8
58.0
59.9
62.7

36.9
38.2
38.9
40.9

8.4

-1.2

43.2
44.8
47.0
46,2

44.4
45.4
48.2
48.2

207.4
211.0
214.4
218.5

112.6
113.3
114.4
115.8

94.7
97.7
100.0
102.7

873.0
891.7
913.2
931.8

887.3
911.8
927.2
944.1

13.3
11.5

13.4

6.9
7.5

10.0

588.9
600.2
610.5
622.5

85.5
85.9
86.1
86.2

246.4
251.1
255.2
259.9

257.0
263.2
269.2
276.3

155.7
155.7
160.3
154.1

144.2
146.4
150.2
148.3

101.0
103.0
106.9
107.6

35.8
36.7
38.9
39.4

65.2
66.4
68.0
68.3

43.8
52.7
52.4
53.1

219.1
222.9
227.6
228.7

114.3
115.2
117.8
117.1

104.8
107.7
109.8
111.6

950.4
967.8
987.0
999.5

968.2
983.2
1,003.1
1,011.3

10.7

III
IV ....

961.9
977.0
997.2
1,005.3

6.5
8.5
3.3

8.2
7.5
8.2
5.2

1970:1
II .
Ill
IV ....

1,018.2
1,034.4
1,051.9
1,054.2

633.7
643.8
655.8
662.5

84.9
86.0
86.9
82.1

266.2
269.8
273.7
278.4

282.7
287.9
295.2
302.0

150.6
153.9
156.0
148.9

148.8
148.8
151.0
152.9

108.1
109.4
110.6
107.9

39.5
40.3
40.6
40.8

1971:1
II
Ill
IV ....

1,099.9
1,120.6
1,140.8
1,153.1

681.7
695.7
708.0
724.3

92.7
95.5
97.8
101.5

280.3
284.1
286.7
291.0

308.7
316.1
323.5
331.8

171.3
178.9
183.4
179.1

159.1
168.0
173.2
179.4

110.5
113.4
114.8
117.9

1972:1
II
Ill
IV ....

1,192.5
1,227.5
1,252.0
1,289.7

741.7
759.9
778.2
803.1

104.9
108.1
111.4
117.0

295.9
304.3
311.5
320.5

340.9
347.5
355.3
365.6

193.1
206.5
212.4
218.5

189.9
194.5
198.7
211.0

1973:1
II
Ill
IV ....

1,338.4
1,374.4
1,394.1
1,435.3

827.9
843.1
861.9
877.2

125.2
124.1
123.8
121.1

330.4
337.0
347.6
357.4

372.3
381.9
390.5
398.7

232.6
246.1
241.8
257.6

1974:1
II
Ill
IV ....

1,450.0
1,487.6
1,514.8
1,551.6

895.4
923.6
951.4
959.2

118.9
123.0
128.8
118.6

369.1
380.4
391.7
396.8

407.3
420.2
430.9
443.7

1975:1
II
Ill
IV ....

1,567.2
1,603.1
1,659.9
1,710.5

984.4
1,013.7
1,047.2
1,076.0

123.2
128.3
138.0
144.4

404.5
415.6
427.8
435.1

456.7
469.8
481.5
496.5

1976:1
II
Ill
IV ....

1,770.3
1,803.1
1,837.0
1,885.3

1,111.1
1,131.1
1,160.8
1,196.1

154.1
156.3
159.6
165.3

445.4
452.7
462.6
472.6

511.5
522.1
538.6
558.2

1977:1
II
Ill
IV ....

1,939.1
2,006.6
2,067.5
2,112.4

1,231.6
1,260.3
1,291.9
1,329.9

173.7
178.8
183.2
189.2

483.9
492.2
498.7
513.8

1978:1
II
Ill
IV ....

2,150.4
2,276.6
2,338.5
2,418.0

1,359.8
1,419.0
1,452.1
1,490.6

187.0
204.7
205.0
210.2

1979:1
II
Ill .....
IV ....

2,470.9
2,529.3
2,601.5
2,663.8

1,531.5
1,566.9
1,620.1
1,666.5

1980:1
III
IV ....

2,732.9
2,736.9
2,793.6
2,918.8

1981:I
II
Ill
IV ....
1982:1
II...
Ill
IV ....

1969:1

II

II

30.2

322

7.4
10.1
13.0

14.2

14.1

-.6

7.7
6.0

-1.3
-1.9

43.2
43.4
43.2
40.7

11.5

-1.9
-1.8
-1.3

5.8

.1

41.9
50.9
51.0
53.2

68.6
69.1
70.0
67.2

40.7
39.4
40.4
45.0

1.8
5.1
5.1

1.1
2.4
.9
.4

54.7
57.6
57.3
58.3

53.5
55.2
56.4
57.9

232.7
234.2
239.2
242.4

117.5
115.9
115.9
116.3

115.2
118.4
123.2
126.1

1,016.3
1,029.3
1,046.9
1,058.2

1,024.5
1,041.0
1,058.5
1,060.3

5.2
6.5
7.0
.9

6.9
5.2
7.0
4.4

41.5
42.3
43.1
43.8

69.0
71.1
71.7
74.1

48.6
54.6
58.3
61.5

.8

59.5
59.5
62.4
56.0

58.7
63.3
65.5
61.9

246.1
249.8
252.5
255.7

116.6
117.3
118.0
118.3

129.4
132.5
134.5
137.4

1,087.6
1,109.7
1,130.6
1,153.4

1,107.4
1,128.6
1,148.1
1,160.9

18.5

11.6

-3.8
-31
-6.0

7.7
7.4
4.4

8.4
7.7
8.3

123.3
126.3
129.1
136.7

45.8
46.6
47.3
49.0

77.5
79.7
81.8
87.7

66.6
68.2
69.6
74.3

63.5
63.1
66.2
72.1

72.2
71.4
74.1
79.2

266.3
269.5
269.4
275.1

125.7
127.6
124.0
125.3

140.6
141.9
145.4
149.9

1,189.2
1,215.5
1,238.3
1,282.2

1,200.8
1,235.8
1,261.0
1,298.8

14.4
12.3

13.0

7.5

-8.6
-8.3
-7.9
-7.1.

222.0
227.8
232.0
232.6

144.2
152.1
157.0
159.8

51.3
54,1
56.8
57.7

92.8
98.0
100.1
102.1

77.9
75.8
75.0
72.7

10.6
18.2

^*.4
-1/1

9.8

3.2
4.7

81.0
88.3
94.3
103.4

85.4
89.5
91.1
98.7

282.4
286.4
287.2
295.7

128.2
128.8
125.5
128.9

154.2
157.6
161.7
166.8

1,327.8
1,356.2
1,384.3
1,410.3

1,349.2
1,386.1
1,408.0
1,449.7

244.1
252.3
245.5
255.9

231.5
234.9
239.9
235.4

162.6
167.4
172.5
175.4

59.0
61.3
61.4
63.2

103.6
106.0
111.1
112.2

69.0
67.5
67.4
60.0

-5.6
-$.1
-2.2

114.6
123.8
124.5
134.4

110.3
129.4
133.6
136.6

306.2
317.4
327.0
338.8

132.5
135.6
139.2
145.5

173.7
181.8
187.9
193.2

1,437.4
1,470.2
1,509.3
1,531.2

1,467.2
1,504.2
1,530.3
1,565.2

218.7
216.8
,237.7
247.7

228.7
230.7
239.1
247.3

171.1
170.8
174.5
178.6

61.7
60.4
61.3
62.0

109.4
110.4
113.2
116.6

57.7
59.9
64.6
68.7

-10.0
-14.0
-1.4

13.1
16.6
11.6
12.9

138.0
131.8
133.7
141.7

124.9
115.2
122.1
128.7

350.9
356.1
363.3
373.9

148.1
150.6
152.4
157.2

202.8
205.5
210.9
216.7

1,577.2
1,617.1
1,661.3
1,710.2

1,578.8
1,615.0
1,673.1
1,726.7

274.8
291.5
296.6
305.0

260.1
269.1
275.8
294.5

183.9
188.4
195.1
202.0

64.1
65.1
66.7
67.8

119.8
123.4
128.5
134.1

76.2
80.7
80.6
92.5

14.7
22.5
20.8
10.5

-1.1
-5.0
-7.2

143.1
146.0
150.9
155.4

138.9
147.1
155.8
162.7

380.3
381.5
384.6
391.5

157.1
158.6
160.9
165.6

223.2
222.9
223.7
225.9

1,755.6
1,780.7
1,816.2
1,874.8

1,786.3
1,820.0
1,854.4
1,903.5

574.1
589.3
610.0
626.9

326.7
355.1
378.2
385.4

311.9
335.6
347.3
361.3

214.3
224.0
232.3
244.3

69.7
73.6
76.4
78.5

144.6
150.3
155.9
165.8

97.6
111.7
115.0
116.9

14.8
19.5
30.9
24.1

-21.6
-21.7
-21.1
-30.3

154.8
161.3
161.8
157.1

176.4
183.0
182.9
187.4

402.4
413.0
418.5
427.4

170.3
175.4
177.1
181.4

232.1
237.6
241.4
246.0

1,924.3
1,987.2
2,036.6
2,088.2

1,960.2
2,027.8
2,088.7
2,131.5

524.4
542.9
558.5
575.2

648.5
671.4
688.6
705.2

396.2
429.3
448.8
469.7

370.8
405.0
423.9
441.2

249.7
274.5
288.1
302.1

79.2
88.6
95.8
102.0

170.5
185.9
192.3
200.2

121.1
130.5
135.8
139.1

25.5
24.3
25.0
28.5

-39.3
-23.3
-24.6
-17.3

164.0
185.6
190.5
204.5

203.3
208.8
215.1
221.8

433.7
451.6
462.1
475.0

184.0
190.0
193.4
200.0

249.7
261.6
268.7
275.0

2,125.0
2,252.4
2,313.5
2,389.5

2,172.9
2,295.8
2,360.0
2,443.3

211.5
210.3
218.9
216.9

593.9
610.5
635.8
657.6

726.2
746.0
765.5
792.0

478.5
490.9
495.9
497.3

454.6
463.5
483.8
488.7

316.0
322.6
340.3
347.5

104.8
110.0
119.1
125.7

211.3
212.7
221.1
221.8

138.6
140.9
143.5
141.2

23.9
27.4
12.1

8.6

-19.2
-23.4
-24.4
-29.0

210.7
219.7
232.9
251.5

229.8
243.1
257.3
280.5

480.1
494.9
509.9
529.0

203.0
208.7
212.7
222.2

277.1
286.3
297.2
306.8

2,447.1
2,501.9
2,589.4
2,655.3

2,497.5
2,559.8
2,638.6
2,701.3

1,716.0
1,719.3
1,777.1
1,839.2

220.0
199.8
213.1
223,8

679.7
686.6
699.5
718.5

816.3
832.9
864.5
897.0

504.3
468.2
441.7
497.2

494.4
460.5
475.5
506.4

359.8
349.3
359.6
375.0

130.3
129.8
133.6
141.9

229.5
219.5
226.0
233.2

134.5
111.2
115.9
131.3

9.9
7.8

-37.2
-16.7

-33.9
-9.1

3.3
-8.9

267.1
275.9
282.5
290.3

304.3
292.6
279.2
299.2

549.8
566.2
571.6
591.3

232.8
244.4
245.5
258.4

317.0
321.8
326.0
332.9

2,723.0
2,729.2
2,827.5
2,927.9

3,052.6
3,086.2
3,183.5
3,203.1

1,893.1
1,926.7
1,970.5
1,986.4

233.5
228.3
239.2
224.3

745.8
756.2
763.2
770.2

913.8
942.2
968.1
991.8

562.4
549.4
590.7
580.7

523.7
537.7
546.8
555.9

391.7
408.9
426.6
446.3

147.5
158.3
166.8
185.7

244.2
250.6
259.8
260.6

132.0
128.9
120.2
109.6

38.8
11.7
44.0
24.8

-17.0
-16.4
-10.2
-16.3

302.8
305.5
299.7
303.2

319.7
322.0
309.9
319.4

614.1
626.5
632.5
652.3

268.2
280.5
283.3
295.3

345.9
346.0
349.3
357.1

3,193.8
3,248.9
3,278.6
3,315.6

2,023.0
2,048.8
2,093.7
2,151.7

234.0
236.6
239.1
251.2

776.2
778.6
793.0
802.7

1,012.8
1,033.6
1,061.6
1,097.8

525.2
529.2
526.3
483.5

546.7
533.4
520.5
523.3

441.9
430.6
418.2
410.5

183.8
179.6
170.4
166.2

258.1
251.0
247.8
244.3

104.8
102.8
102.3
112.8

-21.5
-4.2

-17.2
-6.0
-30.3
-29.7

292.3
294.2
279.0
265.1

309.5
299.1
309.3
294.9

662.7
675.8
688.9
710.1

300.6
307.0
314.7
328.9

362.1
368.8
374.2
381.3




9.2
10.2

-4.0
12.3
10.9
10.2

-.3
3.2
12.0
13.7

25.0
12.5
17.4

5.6
20.4

.3

5.8
-39.8

4.3

4.2

8.8
8.4

8.2

9.1
7.7

12.6

15.0

16.0
11.2

15.0

5.8
12.4

4.2

8.8
8.6
7.7

10.8

7.9
9.4

7.5

11.1

10.1

5.9

4.1
9.5
14.9
12.8

12.6
10.5
11.4
12.3

14.7

11.1

7.6
7.7

5.8
8.2

10.9

13.5

11.9
14.7
12.7

11.0
13.7
10.3
10.5

9.0
7.4

7.2

25.6
11.3
14.3

26.2
11.3
13.8

9.0
9.8

10.0

11.9

9.9

14 J
10.6

2,771.7
2,773.7
2,829.2
2,948.7

10.8

10.6

19.2

15.2
15.0

3,013.8
3,074.5
3,139.5
3,178.3

3,086.0
3,118.3
3,217.9
3,242.0

19.6

12.3

4.5

8.3
8.7
5.0

3,215.2
3,253.0
3,272.8
3,355.4

3,230.2
3,289.8
3,313.3
3,349.2

-1.2

.6
8.5

13.2

2.5
7.1
3.7
4.6

9.3

.9

4.7
4.8
2.5
10.5

SURVEY OF CURRENT BUSINESS

• December 1999

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Personal consumption expenditures

Netexp orts of gotxisand

Gross private domestic investment

services
Fixed investment

Year and
quarter

Gross
domestic
product

Nonresidential
Total

Durable
goods

Nondurable
goods

Services

Total
Total
Total

Structures

Equipment
and
software

Residential

Change
in
private
inventories

Net

Exports

Imports

Government consumption
expenditures and gross
investment

Total

Federal

State
and
local

Percent change

from pre ceding
per od
Final
sales of
domestic
product

Gross
national
product

Final

Gross
domestic
product

sales of
domestic
product

1983:1
II
Ill
IV ....

3,378.5
3,489.6
3,582.9
3,688.8

2,188.4
2,260.0
2,319.4
2,377.9

255.7
276.0
288.3
304.9

806.2
824.0
842.4
852.1

1,126.4
1,160.0
1,188.8
1,220.9

495.7
543.7
578.0
639.5

530.8
551.4
582.2
615.6

399.9
403.2
419.6
447.0

156.7
147.8
151.0
155.5

243.2
255.3
268.6
291.6

130.9
148.2
162.6
168.5

-35.1
-7.7
-4.2
23.9

-24.6
-45.5
-65.2
-71.3

270.6
272.5
278.2
286.7

295.3
318.0
343.4
358.0

719.1
731.3
750.7
742.7

334.2
343.4
355.8
344.4

384.9
387.9
394.9
398.3

3,413.6
3,497.2
3,587.1
3,664.8

3,412.5
3,526.2
3,620.5
3,728.0

7.8
13.8
11.1
12.4

7.1
10.2
10.7
9.0

1984:1
II
Ill
IV ....

3,813.4
3,909.4
3,974.7
4,033.5

2,427.1
2,481.4
2,517.1
2,568.0

316.7
326.1
326.7
338.0

866.4
883.8
889.7
898.7

1,244.1
1,271.4
1,300.7
1,331.4

709.3
736.0
753.2
743.6

636.3
666.6
681.9
695.7

460.7
485.2
501.1
514.3

164.5
174.4
181.0
184.2

296.2
310.8
320.1
330.2

175.6
181.4
180.8
181.3

73.0
69.3
71.3
48.0

-94.3
-103.5
-103.1
-107.1

293.7
303.0
306.5
309.2

388.0
406.5
409.6
416.4

771.2
795.5
807.5
829.0

361.5
376.2
377.2
390.6

409.8
419.3
430.2
438.4

3,740.4
3,840.0
3,903.4
3,985.5

3,849.6
3,945.9
4,011.0
4,065.8

14.2
10.5
6.9
6.0

8.5
11.1
6.8
8.7

1985:1
III""!!
IV ....

4,109.7
4,170.1
4,252.9
4,319.3

2,632.9
2,682.1
2,749.8
2,785.6

351.8
356.6
379.1
365.6

910.5
924.2
932.8
947.5

1,370.6
1,401.3
1,437.9
1,472.5

721.1
734.2
727.7
762.3

704.9
712.6
711.4
729.2

521.5
529.8
523.8
535.3

193.5
194.1
191.0
194.6

328.0
335.7
332.8
340.7

183.4
182.8
187.7
193.9

16.2
21.7
16.3
33.1

-91.4
-114.7
-117.2
-133.6

305.9
303.9
297.0
305.3

397.3
418.6
414.2
438.9

847.1
868.4
892.5
905.1

399.3
408.2
421.0
425.1

447.9
460.2
471.5
480.0

4,093.5
4,148.5
4,236.6
4,286.2

4,135.4
4,197.8
4,275.5
4,344.8

7.8
6.0
8.2
6.4

11.3
5.5
8.8
4.8

1986:1
II
Ill
IV ....

4,375.3
4,415.2
4,483.4
4,537.5

2,825.1
2,857.0
2,928.6
2,970.0

372.7
387.3
424.7
420.5

957.3
950.6
956.9
969.1

1,495.1
1,519.1
1,547.0
1,580.4

764.0
754.2
733.6
737.1

733.6
738.5
740.6
749.8

529.1
520.2
516.6
524.3

190.9
173.9
168.3
170.1

338.2
346.3
348.3
354.2

204.5
218.3
224.1
225.6

30.3
15.7
-7.0
-12.7

-127.1
-129.2
-138.5
-132.8

312.0
314.2
320.1
334.9

439.0
443.4
458.6
467.7

913.2
933.2
959.7
963.2

421.8
434.8
452.0
446.1

491.4
498.4
507.7
517.1

4,344.9
4,399.6
4,490.4
4,550.3

4,397.0
4,429.6
4,499.7
4,547.1

5.3
3.7
6.3
4.9

5.6
5.1
8.5
5.4

1987:1
II
Ill
IV ....

4,612.3
4,695.8
4,770.2
4,891.6

3,011.4
3,081.5
3,145.5
3,182.9

397.3
417.2
437.8
426.5

994.4
1,011.9
1,022.0
1,033.1

1,619.7
1,652.5
1,685.7
1,723.3

762.6
766.4
765.3
831.6

734.6
749.9
764.3
768.5

509.3
520.7
536.9
540.1

165.4
167.3
175.3
180.3

343.9
353.3
361.6
359.8

225.3
229.2
227.4
228.4

28.0
16.5
1.0
63.1

-139.4
-144.7
-142.8
-142.2

337.5
356.8
373.7
394.5

476.8
501.5
516.5
536.7

977.6
992.6
1,002.2
1,019.3

452.1
459.7
461.5
468.5

525.5
532.9
540.7
550.8

4,584.3
4,679.3
4,769.2
4,828.5

4,623.5
4,710.3
4,784.0
4,906.8

6.8
7.4
6.5
10.6

3.0
8.5
7.9
5.1

1988:1
II
III
IV ....

4,957.0
5,066.5
5,151.5
5,258.3

3,259.8
3,319.5
3,387.0
3,460.1

446.5
448.5
445.3
460.5

1,049.4
1,070.3
1,095.2
1,116.5

1,763.8
1,800.7
1,846.5
1,883.0

797.7
819.2
825.7
842.0

780.7
799.5
807.5
822.9

551.1
566.3
571.8
584.5

177.5
182.8
182.3
184.0

373.6
383.5
389.5
400.5

229.6
233.3
235.7
238.4

17.0
19.7
18.2
19.1

-121.0
-103.4
-96.3
-104.4

421.0
441.9
455.8
469.0

542.0
545.3
552.1
573.5

1,020.5
1,031.2
1,035.1
1,060.7

461.2
460.0
457.2
472.2

559.3
571.2
578.0
588.5

4,940.0
5,046.9
5,133.3
5,239.2

4,977.8
5,085.1
5,167.5
5,276.6

5.5
9.1
6.9
8.6

9.6
8.9
7.0
8.5

1989:1
II
111".!!!!
IV ....

5,379.0
5,461.7
5,527.5
5,588.0

3,511.8
3,572.9
3,626.9
3,675.1

460.5
467.5
478.7
464.3

1,134.3
1,161.3
1,174.0
1,191.9

1,917.0
1,944.1
1,974.2
2,018.8

881.2
875.4
868.3
866.7

833.0
839.4
858.4
850.1

596.0
607.1
628.1
622.3

189.0
189.0
197.6
197.9

406.9
418.1
430.6
424.4

237.0
2323
230.2
227.8

48.2
36.0
10.0
16.6

-84.2
-81.4
-79.6
-77.6

492.0
512.5
509.4
522.0

576.2
594.0
589.0
599.6

1,070.3
1,094.8
1,111.9
1,123.9

470.4
482.6
490.0
487.2

599.8
612.2
621.9
636.8

5,330.8
5,425.6
5,517.5
5,571.4

5,397.2
5,479.1
5,547.5
5,614.1

9.5
6.3
4.9
4.5

7.2
7.3
6.9
4.0

1990:1
II
Ill
IV ....

5,720.8
5,800.0
5,844.9
5,847.3

3,754.8
3,806.2
3,871.6
3,893.4

486.4
469.2
463.7
451.0

1,221.7
1,233.2
1,258.5
1,270.9

2,046.7
2,103.8
2,149.3
2,171.6

881.6
883.0
869.4
812.8

867.7
849.3
847.6
824.2

633.6
625.1
635.4
627.2

203.7
204.2
205.2
197.0

429.9
420.9
430.2
430.2

234.1
224.2
212.1
196.9

13.9
33.7
21.9
-11.3

-74.2
-60.7
-78.8
-72.1

541.6
554.6
555.3
577.1

615.8
615.3
634.1
649.2

1,158.5
1,171.4
1,182.7
1,213.1

502.0
506.9
505.8
519.1

656.5
664.6
676.9
694.0

5,706.8
5,766.3
5,823.1
5,858.6

5,745.5
5,825.8
5,866.1
5,891.5

9.8
5.7
3.1
.2

10.1
4.2
4.0
2.5

1991:1
II
Ill
IV ....

5,886.3
5,962.0
6,015.9
6,080.7

3,904.6
3,958.6
3,998.2
4,023.6

439.4
441.4
448.9
442.5

1,267.8
1,281.0
1,284.9
1,281.5

2,197.4
2,236.2
2,264.4
2,299.5

786.5
780.5
801.5
832.1

801.8
798.3
800.5
801.1

616.8
611.7
605.9
601.1

194.5
189.7
177.6
172.0

422.3
421.9
428.4
429.1

185.0
186.6
194.5
200.0

-15.3
-17.7
1.0
31.1

-33.4
-12.6
-22.3
-14.5

577.1
602.5
602.3
624.5

610.5
615.1
624.5
639.0

1,228.6
1,235.5
1,238.4
1,239.5

530.3
532.2
526.9
520.1

698.3
703.3
711.5
719.4

5,901.6
5,979.7
6,014.8
6,049.6

5,919.1
5,983.6
6,034.0
6,106.8

2.7
5.2
3.7
4.4

3.0
5.4
2.4
2.3

1992:1
II ....
Ill
IV ....

6,183.6
6,276.6
6,345.8
6,469.8

4,123.1
4,171.5
4,225.7
4,318.3

459.0
463.3
474.2
486.6

1,305.2
1,309.2
1,326.0
1,351.4

2,358.9
2,399.1
2,425.4
2,480.3

810.9
867.2
878.7
909.8

811.8
845.4
859.6
889.6

600.1
621.5
633.0
649.9

170.2
170.7
172.6
175.4

429.8
450.7
460.4
474.5

211.8
223.9
226.6
239.7

-1.0
21.8
19.1
20.2

-7.7
-27.1
-36.4
-40.1

629.5
633.4
637.2
647.0

637.3
660.5
673.6
687.1

1,257.3
1,265.1
1,277.8
1,281.8

527.1
530.5
540.6
539.9

730.2
734.5
737.2
741.9

6,184.5
6,254.8
6,326.7
6,449.6

6,208.6
6,301.1
6,367.3
6,492.4

6.9
6.2
4.5
8.0

9.2
4.6
4.7
8.0

1993:1
||
Hi
IV ....

6,521.6
6,596.7
6,655.5
6,795.5

4,350.6
4,421.3
4,488.2
4,558.7

487.6
507.5
520.8
537.9

1,355.7
1,370.4
1,379.6
1,395.0

2,507.3
2,543.4
2,587.8
2,625.8

938.0
943.6
943.0
995.8

901.9
919.3
936.1
978.8

659.3
675.2
683.2
711.4

176.7
177.5
179.2
184.2

482.6
497.7
503.9
527.3

242.7
244.1
252.9
267.3

36.1
24.3
7.0
17.0

-46.5
-57.3
-72.0
-«6.2

646.4
660.6
646.4
678.8

692.9
717.9
718.3
744.9

1,279.5
1,289.1
1,296.2
1,307.1

528.9
525.3
526.9
528.0

750.5
763.9
769.3
779.1

6,485.5
6,572.4
6,648.5
6,778.5

6,552.0
6,620.6
6,685.1
6,809.1

3.2
4.7
3.6
8.7

2.2
5.5
4.7
8.1

1994:1
||
III
IV ....

6,887.8
7,015.7
7,096.0
7,217.7

4,613.8
4,677.5
4,753.0
4,821.3

546.2
553.6
563.2
580.0

1,409.7
1,425.1
1,449.9
1,467.2

2,657.9
2,698.8
2,739.8
2,774.0

1,042.0
1,106.4
1,094.0
1,146.1

998.1
1,026.6
1,042.0
1,071.6

721.7
738.2
752.7
781.8

178.0
188.2
189.9
193.9

543.7
550.0
562.8
587.9

276.4
288.4
289.3
289.8

43.8
79.8
52.0
74.6

-71.3
-84.2
-99.1
-93.8

683.8
714.5
736.1
765.8

755.1
798.7
835.2
859.6

1,303.3
1,316.1
1,348.1
1,344.0

515.8
515.9
532.5
520.0

787.5
800.2
815.6
824.0

6,844.0
6,936.0
7,044.0
7,143.1

6,908.5
7,032.4
7,111.1
7,232.6

5.5
7.6
4.7
7.0

3.9
5.5
6.4
5.8

1995:1
II
Ill
IV ....

7,297.5
7,342.6
7,432.8
7,529.3

4,868.6
4,943.7
5,005.2
5,058.4

578.2
584.4
596.2
600.0

1,475.8
1,492.2
1,502.6
1,518.5

2,814.7
2,867.1
2,906.3
2,939.9

1,162.8
1,133.1
1,123.5
1,155.6

1,100.1
1,097.2
1,110.1
1,135.4

812.5
820.3
825.2
842.3

200.5
204.8
206.2
207.0

612.0
615.5
619.0
635.3

287.6
276.9
284.9
293.1

62.7
35.8
13.4
20.2

-94.5
-109.0
-74.2
-59.3

787.7
802.5
834.1
850.0

882.2
911.5
908.3
909.3

1,360.6
1,374.9
1,378.3
1,374.5

523.4
525.5
525.0
512.3

837.1
849.4
853.3
862.2

7,234.8
7,306.8
7,419.4
7,509.1

7,318.9
7,367.9
7,444.1
7,552.7

4.5
2.5
5.0
5.3

5.2
4.0
6.3
4.9

1996:1
II
Ill
IV ....

7,629.6
7,782.7
7,859.0
7,981.4

5,130.5
5,218.0
5,263.7
5,337.9

606.4
621.3
616.7
621.5

1,539.6
1,569.4
1,578.8
1,608.4

2,984.4
3,027.4
3,068.2
3,107.9

1,172.4
1,231.5
1,282.6
1,284.3

1,165.6
1,201.7
1,232.6
1,250.9

865.1
885.4
913.6
933.7

213.4
220.0
226.3
240.3

651.7
665.4
687.3
693.4

300.5
316.3
319.0
317.2

6.8
29.8
50.0
33.5

-75.8
-89.8
-110.6
-79.7

853.3
864.7
865.6
913.1

929.1
954.5
976.1
992.8

1,402.6
1,423.0
1,423.4
1,438.9

530.6
5372
529.1
529.4

872.0
885.7
894.3
909.4

7,622.8
7,752.9
7,809.0
7,947.9

7,656.5
7,800.3
7,870.5
7,997.7

5.4
8.3
4.0
6.4

6.2
7.0
2.9
7.3

1997:1
II
Ill
IV ....

8,125.9
8,259.5
8,364.5
8,453.0

5,430.8
5,466.3
5,569.1
5,631.3

636.1
627.8
651.9
655.8

1,630.5
1,627.1
1,652.3
1,657.1

3,164.2
3,211.4
3,265.0
3,318.5

1,327.0
1,392.2
1,395.9
1,419.6

1,274.1
1,299.6
1,338.3
1,349.4

952.7
972.7
1,007.7
1,011.4

247.6
247.8
257.8
263.1

705.2
724.9
749.9
748.3

321.4
326.8
330.7
338.0

52.9
92.6
57.6
70.2

-87.7
-77.5
-90.6
-97.4

929.6
965.3
988.6
988.6

1,017.3
1,042.8
1,079.2
1,086.0

1,455.8
1,478.6
1,490.1
1,499.5

530.2
543.0
540.9
537.1

925.6
935.6
949.2
962.3

8,073.0
8,166.9
8,306.9
8,382.8

8,131.1
8,269.1
8,366.5
8,453.3

7.4
6.7
5.2
4.3

6.4
4.7
7.0
3.7

1998:1
II
HI
IV ....

8,610.6
8,683.7
8,797.9
8,947.6

5,714.7
5,816.2
5,889.6
5,973.7

679.2
693.9
696.9
722.8

1,674.6
1,701.2
1,716.6
1,742.9

3,360.9
3,421.1
3,476.1
3,508.0

1,514.3
1,495.0
1,535.3
1,580.3

1,415.4
1,454.2
1,461.7
1,508.9

1,065.9
1,090.8
1,087.2
1,121.4

267.4
274.0
271.7
278.0

798.4
816.8
815.4
843.4

349.5
363.4
374.5
387.5

98.9
40.8
73.7
71.4

-117.4
-153.9
-165.7
-161.2

974.3
960.1
949.1
981.8

1,091.7
1,114.0
1,114.8
1,143.1

1,499.0
1,526.5
1,538.7
1,554.8

526.1
542.2
539.7
546.7

972.9
984.2
999.0
1,008.1

8,511.7
8,642.9
8,724.2
8,876.2

8,613.7
8,683.7
8,772.2
8,930.5

7.7
3.4
5.4
7.0

6.3
6.3
3.8
7.2

1999:1
II

9,072.7
9,146.2

6,090.8
6,200.8

739.0
751.6

1,787.8
1,824.8

3,564.0
3,624.3

1,594.3
1,585.4

1,543.3
1,567.8

1,139.9
1,155.4

274.7
272.5

865.2
882.9

403.4
412.4

51.0
17.6

-201.6
-245.8

966.9
978.2

1,168.5
1,224.0

1,589.1
1,605.9

557.4
561.6

1,031.8
1,044.3

9,021.6
9,128.6

9,058.2
9,131.9

5.7
3.3

6.7
4.8




December 1999 • 135

SURVEY OF CURRENT BUSINESS
Table 2A.—Real Gross Domestic Product
[Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates]

Year and
quarter

GDP

Personal
consumption
expenditures

Gross private
domestic
investment

Exports and imports of
goods and services
Exports

Government1

Residual

Imports

Final sales
of domestic
product

Gross
domestic
purchases

Percent change from preceding period
Final sales to
domestic
purchasers

GNP
GDP

Final sales
of domestic
product

Gross
domestic
purchases

Final sales to
domestic
purchasers

GNP

1959

2,300.0

1,454.8

272.9

71.9

106.6

659.7

-52.7

2,298.4

2,360.0

2,358.7

2,315.7

1960
1961
1962
1963
1964

2,357.2
2,412.1
2,557.6
2,668.2
2,822.7

1,494.4
1,524.6
1,599.7
1,665.7
1,765.2

272.8
271.0
305.3
325.7
352.6

86.8
88.2
93.0
100.0
113.3

108.0
107.3
119.5
122.7
129.2

659.5
691.3
732.9
750.2
764.8

-48.3
-55.7
-53.8
-50.7
-44.0

2,359.0
2,415.5
2,548.1
2,661.4
2,820.2

2,399.9
2,453.5
2,607.5
2,714.6
2,861.5

2,401.9
2,457.1
2,598.2
2,707.9
2,859.2

2,374.4
2,430.9
2,578.8
2,690.7
2,847.0

2.5
2.3
6.0
4.3
5.8

2.6
2.4
5.5
4.4
6.0

1.7
2.2
6.3
4.1
5.4

1.8
2.3
5.7
4.2
5.6

2.5
2.4
6.1
4.3
5.8

1965
1966
1967
1968
1969

3,002.8
3,199.5
3,279.5
3,435.6
3,543.2

1,876.4
1,983.3
2,042.7
2,159.1
2,241.2

402.0
437.3
417.2
441.3
466.9

115.6
123.3
126.0
135.2
142.7

142.9
164.2
176.2
202.4
213.9

788.6
859.3
924.1
953.4
950.0

-36.9
-39.5
-54.3
-61.0
-43.7

2,982.7
3,163.3
3,259.4
3,419.5
3,527.6

3,055.7
3,266.8
3,356.3
3,527.9
3,638.9

3,035.5
3,230.2
3,336.1
3,512.2
3,623.5

3,028.3
3,223.7
3,304.3
3,462.2
3,568.8

6.4
6.6
2.5
4.8
3.1

5.8
6.1
3.0
4.9
3.2

6.8
6.9
2.7
5.1
3.1

6.2
6.4
3.3
5.3
3.2

6.4
6.4
2.5
4.8
3.1

1970
1971
1972
1973
1974

3,549.4
3,660.2
3,854.2
4,073.1
4,061.7

2,293.0
2,373.6
2,513.2
2,634.0
2,622.3

436.2
485.8
543.0
606.5
561.7

158.1
158.9
171.7
209.1
229.6

223.1
235.0
261.3
273.4
267.2

928.6
909.7
909.8
902.6
921.3

-43.4
-32.8
-22.2
-5.7
-6.0

3,559.7
3,650.5
3,843.3
4,043.9
4,043.4

3,633.6
3,756.5
3,962.7
4,150.0
4,102.6

3,644.7
3,747.3
3,952.3
4,120.9
4,084.2

3,574.7
3,688.8
3,885.2
4,114.7
4,108.0

.2
3.1
5.3
5.7
-.3

.9
2.6
5.3
5.2
0

-.1
3.4
5.5
4.7
-1.1

.6
2.8
5.5
4.3
-.9

.2
3.2
5.3
5.9
-.2

1975
1976
1977
1978
1979

4,050.3
4,262.6
4,455.7
4,709.9
4,870.1

2,681.3
2,826.5
2,944.0
3,081.6
3,168.0

462.2
555.5
639.4
713.0
735.4

228.3
241.0
246.9
273.1
299.9

237.5
284.0
315.0
342.3
347.9

939.3
938.6
947.4
977.6
997.6

-23.3
-15.0
-7.0
6.9
17.1

4,083.9
4,239.6
4,422.8
4,672.4
4,852.4

4,054.5
4,309.1
4,534.7
4,788.1
4,918.1

4,088.4
4,286.1
4,501.8
4,750.6
4,900.3

4,086.5
4,306.3
4,505.2
4,758.8
4,935.6

-.3
5.2
4.5
5.7
3.4

1.0
3.8
4.3
5.6
3.9

-1.2
6.3
5.2
5.6
2.7

.1
4.8
5.0
5.5
3.2

-.5
5.4
4.6
5.6
3.7

1980
1981
1982
1983
1984

4,872.3
4,993.9
4,900.3
5,105.6
5,477.4

3,169.4
3,214.0
3,259.8
3,431.7
3,617.6

655.3
715.6
615.2
673.7
871.5

332.8
336.7
313.2
305.2
330.7

324.8
333.4
329.2
370.7
461.0

1,018.6
1,027.9
1,044.5
1,078.9
1,116.3

21.0
33.1
-3.2
-13.2
2.3

4,899.2
4,962.5
4,935.6
5,127.5
5,400.5

4,838.5
4,966.1
4,899.8
5,170.1
5,621.4

4,864.7
4,934.7
4,934.7
5,191.7
5,544.5

4,936.2
5,050.8
4,956.4
5,160.6
5,528.7

0
2.5
-1.9
4.2
7.3

1.0
1.3
-.5
3.9
5.3

-1.6
2.6
-1.3
5.5
8.7

-.7
1.4
0
5.2
6.8

0
2.3
-1.9
4.1
7.1

1985
1986
1987
1988
1989

5,689.8
5,885.7
6,092.6
6,349.1
6,568.7

3,798.0
3,958.7
4,096.0
4,263.2
4,374.4

863.4
857.7
879.3
902.8
936.5

339.8
365.0
406.6
472.2
527.6

490.7
531.9
564.2
585.6
608.8

1,188.4
1,253.2
1,290.9
1,306.1
1,341.8

-9.1
-17.0
-16.0
-9.6
-2.8

5,671.6
5,885.9
6,068.2
6,333.4
6,542.4

5,858.1
6,071.7
6,267.2
6,471.9
6,653.7

5,840.1
6,072.1
6,243.0
6,456.4
6,627.5

5,726.3
5,908.4
6,112.2
6,373.7
6,594.7

3.9
3.4
3.5
4.2
3.5

5.0
3.8
3.1
4.4
3.3

4.2
3.6
3.2
3.3
2.8

5.3
4.0
2.8
3.4
2.6

3.6
3.2
3.4
4.3
3.5

1990
1991
1992
1993
1994

6,683.5
6,669.2
6,891.1
7,054.1
7,337.8

4,454.1
4,460.6
4,603.8
4,741.9
4,920.0

907.3
829.5
899.8
977.9
1,107.0

573.6
612.6
652.1
671.9
731.8

632.2
629.0
670.8
731.8
819.4

1,385.5
1,402.8
1,410.7
1,398.1
1,399.4

-4.8
-7.3
-4.5
-3.9
-1.0

6,671.3
6,674.2
6,878.7
7,035.3
7,275.9

6,742.9
6,682.0
6,906.4
7,113.1
7,425.3

6,730.6
6,687.0
6,894.0
7,094.2
7,363.4

6,718.1
6,696.9
6,915.8
7,080.3
7,355.5

1.7
-.2
3.3
2.4
4.0

2.0
0
3.1
2.3
3.4

1.3
-.9
3.4
3.0
4.4

1.6
-.6
3.1
2.9
3.8

1.9
-.3
3.3
2.4
3.9

1995
1996
1997
1998

7,537.1
7,813.2
8,165.1
8,516.3

5,070.1
5,237.5
5,433.7
5,698.6

1,140.6
1,242.7
1,385.8
1,547.4

807.4
874.2
985.4
1,007.1

886.6
963.1
1,095.2
1,222.2

1,405.9
1,421.9
1,455.1
1,480.3

-.3
0
.3
5.1

7,505.5
7,783.2
8,095.7
8,441.3

7,615.8
7,902.1
8,273.9
8,723.2

7,584.3
7,872.1
8,204.5
8,648.1

7,558.0
7,831.2
8,168.8
8,506.0

2.7
3.7
4.5
4.3

3.2
3.7
4.0
4.3

2.6
3.8
4.7
5.4

3.0
3.8
4.2
5.4

2.8
3.6
4.3
4.1

1959:1
II
Ill
IV ....

2,254.4
2,313.3
2,312.4
2,320.0

1,429.6
1,452.3
1,467.8
1,469.5

263.0
286.2
266.6
275.6

68.7
70.1
75.8
72.9

102.3
108.0
109.4
106.7

649.5
662.1
666.5
660.6

-54.1
-49.4
-54.9
-51.9

2,256.3
2,295.8
2,325.0
2,316.4

2,313.4
2,377.3
2,370.0
2,379.2

2,315.7
2,359.8
2,383.4
2,375.7

2,269.3
2,328.3
2,328.4
2,336.9

10.9
-.2
1.3

7.2
5.2
-1.5

11.5
-1.2
1.6

7.8
4.1
-1.3

10.8
0
1.5

1960:1
II
Ill
IV ....

2,371.4
2,359.7
2,364.1
2,333.7

1,483.0
1,501.7
1,495.8
1,497.2

305.3
274.0
272.4
239.5

83.2
86.7
88.7
88.7

110.5
111.1
107.8
102.7

647.1
655.6
664.1
671.2

-36.7
-47.2
^9.1
-60.2

2,340.9
2,363.1
2,360.5
2,371.4

2,421.6
2,405.6
2,404.2
2,368.2

2,390.8
2,409.4
2,400.7
2,407.0

2,387.7
2,376.4
2,381.4
2,351.8

9.1
-1.9
.7
-5.0

4.3
3.8
-.4
1.9

7.3
-2.6
-.2
-5.9

2.6
3.2
-1.4
1.1

9.0
-1.9
.8
-4.9

1961:1
II
Ill
IV ....

2,347.2
2,391.1
2,430.4
2,479.8

1,496.6
1,518.7
1,526.3
1,557.1

245.0
263.3
285.5
290.2

89.3
85.0
88.6
90.1

102.2
103.5
110.4
113.0

678.5
685.3
692.0
709.1

-60.0
-57.7
-51.6
-53.7

2,373.2
2,398.5
2,417.7
2,472.6

2,380.8
2,432.6
2,474.6
2,525.8

2,407.6
2,440.4
2,461.9
2,518.6

2,366.3
2,409.4
2,449.1
2,499.0

2.3
7.7
6.7
8.4

.3
4.3
3.2
9.4

2.1
9.0
7.1
8.5

.1
5.6
3.6
9.5

2.5
7.5
6.8
8.4

1962:1
II
Ill
IV ....

2,522.9
2,550.2
2,575.3
2,581.8

1,573.3
1,592.4
1,605.3
1,628.0

307.3
304.5
310.0
299.5

89.5
95.4
95.1
91.9

116.4
119.0
120.5
122.0

721.3
729.6
738.6
742.0

-52.1
-52.7
-53.2
-57.6

2,501.5
2,543.2
2,564.6
2,582.9

2,573.9
2,596.4
2,623.8
2,636.2

2,552.4
2,589.5
2,613.2
2,637.6

2,541.9
2,571.0
2,596.3
2,605.6

7.1
4.4
4.0
1.0

4.8
6.8
3.4
2.9

7.8
3.5
4.3
1.9

5.5
6.0
3.7
3.8

7.1
4.7
4.0
1.4

1963:1
II
Ill
IV ....

2,612.4
2,646.3
2,697.2
2,716.8

1,639.2
1,654.8
1,677.3
1,691.5

315.4
320.8
331.5
335.2

92.1
100.6
101.3
105.9

119.1
121.9
125.0
124.6

737.8
742.2
763.7
757.1

-53.0
-50.2
-51.6
-48.3

2,597.6
2,641.8
2,689.5
2,716.8

2,664.4
2,690.8
2,744.7
2,758.4

2,649.6
2,686.4
2,737.1
2,758.7

2,635.1
2,668.3
2,719.6
2,739.8

4.8
5.3
7.9
2.9

2.3
7.0
7.4
4.1

4.4
4.0
8.3
2.0

1.8
5.7
7.8
3.2

4.6
5.1
7.9
3.0

See footnotes and note at the end of the table.

NOTE: Chained (1996) dollars (and chain-type quantity indexes)
provide the best available measures of how a particular series changes
over time. However, users of this table are cautioned that comparisons across chained (1996) dollar components of GDP may be
misleading, particularly for periods before 1987, when the residual
is sometimes quite large. Accurate estimates can be made of the
contributions of components to the percent change in GDP; these
estimates are provided in NIPA table 8.2. Additional historical data
may be found on BEA'S Web site at <www.bea.doc.gov>.




For a more detailed discussion of the use of chained dollars, including a method for closely approximating contributions to changes
in real GDP for longer periods, see "BEA'S Chain Indexes, Time
Series, and Measures of Long-Term Economic Growth" in the
May 1997 SURVEY OF CURRENT BUSINESS. Additional versions of

NIPA table 1.2 that use alternative reference years will be posted
on BEA'S Web site in early 2000. Tables 1.2A, 1.2B, 1.2c, and
1.2D will be based on chained 1937, 1952, 1972, and 1982 dollars,
respectively.

• December 1999

SURVEY OF CURRENT BUSINESS
Table 2A.—Real Gross Domestic Product—Continued
[Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates]

Year and
quarter

GDP

Personal
consumption
expenditures

Gross private
domestic
investment

Exports and imports of
goods and services
Exports

Percent change from preceding period
Government1

Residual

Imports

Final sales
of domestic
product

Gross
domestic
purchases

Final sales to
domestic
purchasers

GNP
GDP

Final sales
of domestic
product

Gross
domestic
purchases

Final sales to
domestic
purchasers

GNP

1964:1
II
Ill
IV ....

2,777.3
2,810.2
2,848.0
2,855.3

1,724.8
1,755.6
1,787.9
1,792.7

348.9
347.5
355.7
358.3

111.7
110.8
114.1
116.5

124.5
127.3
130.7
134.3

760.9
770.6
764.1
763.7

-44.5
-47.0
-43.1
-41.6

2,775.9
2,809.7
2,844.1
2,851.1

2,812.7
2,850.1
2,887.8
2,895.4

2,811.5
2,849.9
2,884.0
2,891.4

2,802.3
2,834.3
2,872.9
2,878.6

9.2
4.8
5.5
1.0

9.0
5.0
5.0
1.0

8.1
5.4
5.4
1.1

7.9
5.6
4.9
1.0

9.4
4.7
5.6
.8

1965:1
II
Ill
IV ....

2,925.1
2,964.4
3,024.6
3,096.8

1,832.0
1,852.3
1,884.0
1,937.4

394.9
394.6
408.4
410.1

102.5
118.7
116.6
124.7

129.4
144.7
145.3
152.4

763.2
778.9
797.8
814.6

-38.1
-35.4
-36.9
-37.6

2,895.4
2,947.7
3,003.4
3,084.6

2,980.8
3,014.0
3,079.0
3,149.0

2,950.6
2,997.2
3,057.5
3,136.7

2,951.4
2,991.5
3,050.1
3,120.3

10.1
5.5
8.4
9.9

6.4
7.4
7.8
11.3

12.3
4.5
8.9
9.4

8.4
6.5
8.3
10.8

10.5
5.5
8.1
9.5

1966:1
II
III
IV ....

3,173.4
3,185.4
3,205.7
3,233.5

1,966.1
1,971.3
1,993.8
2,002.1

444.1
436.5
432.7
435.8

123.0
122.2
123.0
125.1

156.3
160.2
169.2
171.1

829.8
855.1
867.3
885.2

-33.3
-39.5
-41.9
-43.6

3,137.6
3,152.2
3,177.0
3,186.4

3,233.1
3,250.1
3,278.3
3,305.8

3,196.9
3,216.6
3,249.4
3,258.0

3,197.6
3,209.6
3,229.3
3,258.1

10.3
1.5
2.6
3.5

7.1
1.9
3.2
1.2

11.1
2.1
3.5
3.4

7.9
2.5
4.1
1.1

10.3
1.5
2.5
3.6

1967:1
II
Ill
IV ....

3,263.2
3,261.1
3,284.6
3,309.1

2,014.2
2,041.1
2,051.5
2,063.9

424.9
405.0
415.2
423.6

126.9
125.6
124.3
127.3

173.5
172.4
174.7
184.0

922.6
918.3
923.8
931.7

-51.9
-56.5
-55.5
-53.4

3,218.6
3,252.7
3,268.5
3,297.6

3,336.0
3,334.6
3,362.4
3,392.1

3,290.8
3,326.6
3,346.4
3,380.8

3,287.6
3,284.8
3,310.4
3,334.4

3.7
-.3
2.9
3.0

4.1
4.3
1.9
3.6

3.7
-.2
3.4
3.6

4.1
4.4
2.4
4.2

3.7
-.3
3.2
2.9

1968:1
II
Ill
IV ....

3,375.9
3,434.0
3,458.6
3,473.9

2,111.3
2,144.4
2,185.3
2,195.3

433.8
451.8
437.3
442.2

130.2
132.4
140.6
137f6

194.7
197.7
209.5
207.7

948.1
952.8
955.1
957.5

-52.8
-49.7
-50.2
-51.0

3,363.8
3,397.8
3,447.3
3,469.2

3,466.4
3,525.8
3,550.7
3,568.9

3,454.6
3,489.2
3,539.9
3,564.7

3,401.8
3,460.4
3,485.7
3,500.8

8.3
7.1
2.9
1.8

8.3
4.1
6.0
2.6

9.1
7.0
2.9
2.1

9.0
4.1
5.9
2.8

8.3
7.1
3.0
1.7

1969:1
II
Ill
IV ....

3,529.1
3,539.2
3,560.5
3,544.0

2,220.6
2,235.2
2,245.8
2,263.4

470.8
467.1
477.2
452.6

123.2
149.4
147.7
150.4

188.2
225.3
222.4
219.9

954.1
953.5
951.7
940.9

-51.4
-40.7
-39.5
-43.4

3,505.8
3,522.9
3,541.1
3,540.8

3,626.8
3,636.0
3,657.4
3,635.1

3,603.5
3,620.0
3,638.3
3,632.4

3,556.0
3,565.1
3,585.2
3,568.8

6.5
1.1
2.4
-1.8

4.3
2.0
2.1
0

6.6
1.0
2.4
-2.4

4.4
1.8
2.0
-.6

6.5
1.0
2.3
-1.8

1970:1
II
Ill
IV ....

3,539.3
3,546.1
3,576.0
3,536.1

2,277.6
2,288.2
2,307.3
2,298.9

438.0
439.4
446.5
421.0

153.9
159.0
158.7
160.9

219.2
223.5
223.0
226.5

934.0
925.0
928.3
927.0

^5.0
^2.0
-41.8
-45.2

3,551.5
3,545.2
3,575.6
3,566.5

3,625.2
3,629.5
3,660.0
3,619.5

3,638.3
3,629.1
3,660.2
3,651.3

3,564.6
3,572.3
3,602.0
3,560.1

-.5
.8
3.4
-4.4

1.2
-.7
3.5
-1.0

-1.1
.5
3.4
-4.4

.6
-1.0
3.5
-1.0

-.5
.9
3.4
-4.6

1971:1
II
Ill
IV ....

3,631.9
3,649.7
3,675.8
3,683.5

2,341.0
2,360.7
2,377.4
2,415.6

475.9
490.2
496.5
480.6

159.4
159.1
167.8
149.5

223.8
240.7
246.0
229.3

915.1
911.3
907.6
904.8

-35.7
-30.9
-27.5
-37.7

3,608.9
3,631.3
3,660.2
3,701.8

3,717.1
3,750.7
3,771.4
3,786.9

3,694.3
3,732.5
3,756.0
3,806.4

3,660.2
3,679.6
3,703.2
3,712.4

11.3
2.0
2.9
.8

4.8
2.5
3.2
4.6

11.2
3.7
2.2
1.7

4.8
4.2
2.5
5.5

11.7
2.1
2.6
1.0

1972:1

3,755.6
3,840.6
3,877.2
3,943.3

2,447.3
2,491.2
2,527.9
2,586.5

513.6
544.9
554.1
559.4

167.2
164.7
171.9
182.9

262.8
253.4
258.7
270.3

916.1
917.0
902.4
903.7

-25.8
-23.8
-20.4
-18.9

3,760.7
3,819.4
3,852.1
3,941.0

3,868.7
3,950.2
3,983.5
4,048.2

3,874.7
3,929.4
3,958.7
4,046.5

3,785.7
3,870.4
3,909.4
3,975.5

8.1
9.4
3.9
7.0

6.5
6.4
3.5
9.6

8.9
8.7
3.4
6.7

7.4
5.8
3.0
9.2

8.1
9.2
4.1
6.9

1973:1
II
Ill
IV ....

4,040.9
4,081.4
4,066.8
4,103.3

2,631.1
2,628.3
2,640.5
2,636.0

595.2
618.2
597.5
615.3

199.4
208.1
210.0
218.8

282.8
274.7
267.1
269.1

908.6
905.6
892.9
903.2

-10.6
-4.1
-7.0
-.9

4,023.9
4,042.6
4,050.4
4,058.8

4,139.1
4,161.5
4,136.2
4,163.2

4,122.6
4,122.6
4,120.0
4,118.3

4,077.8
4,120.6
4,111.8
4,148.5

10.3
4.1
-1.4
3.6

8.7
1.9
.8
.8

9.3
2.2
-2.4
2.6

7.7
0
-.2
-.2

10.7
4.3
-.8
3.6

1974:1
II
Ill
IV ....

4,077.5
4,091.8
4,048.9
4,028.5

2,617.5
2,629.7
2,641.8
2,600.1

579.2
577.3
543.4
547.0

226.5
236.4
224.9
230.8

260.0
273.8
269.0
266.3

915.7
924.1
920.9
924.4

-1.4
-1.9
-13.1
-7.5

4,059.9
4,067.1
4,054.0
3,992.5

4,114.0
4,131.3
4,098.8
4,066.0

4,096.5
4,106.7
4,104.1
4,029.7

4,129.7
4,141.1
4,093.9
4,067.4

-2.5
1.4
-4.1
-2.0

.1
.7
-1.3
-5.9

-4.6
1.7
-4.1
-3.2

-2.1
1.0
-.2
-7.1

-1.8
1.1
-4.5
-5.6

1975:1
II .. .
Ill
IV ....

3,978.2
4,012.7
4,080.7
4,129.4

2,621.3
2,667.1
2,704.6
2,732.1

450.8
436.4
474.9
486.8

230.6
221.1
224.8
236.7

239.6
220.4
238.7
251.5

937.9
935.3
938.6
945.5

-22.8
-26.8
-23.5
-20.2

4,022.4
4,066.1
4,100.9
4,146.3

3,980.7
4,004.9
4,092.2
4,140.2

4,025.3
4,058.7
4,112.5
4,157.1

4,011.1
4,046.0
4,116.7
4,172.1

-4.9
3.5
7.0
4.9

3.0
4.4
3.5
4.5

-8.1
2.5
9.0
4.8

-.4
3.4
5.4
4.4

-5.4
3.5
7.2
5.5

1976:1
II
Ill
IV ....

4,222.1
4,253.6
4,270.8
4,303.6

2,787.0
2,809.8
2,836.1
2,872.9

535.1
559.8
561.1
565.9

235.6
237.6
244.1
246.9

267.2
278.8
290.2
299.8

948.3
938.7
933.9
933.4

-16.7
-13.5
-14.2
-15.7

4,204.9
4,216.5
4,238.6
4,298.3

4,255.1
4,298.5
4,320.9
4,362.1

4,237.7
4,261.1
4,288.6
4,357.0

4,264.0
4,297.2
4,315.1
4,349.1

9.3
3.0
1.6
3.1

5.8
1.1
2.1
5.8

11.6
4.1
2.1
3.9

8.0
2.2
2.6
6.5

9.1
3.2
1.7
3.2

1977:1
II .
Ill
IV ....

4,355.4
4,433.3
4,513.7
4,520.5

2,907.0
29222
2,950.7
2,996.0

595.5
635.0
670.7
656.4

243.1
249.5
251.6
243.2

313.9
316.8
312.4
316.8

939.9
949.7
950.6
949.3

-16.2
-6.3
2.5
-7.6

4,338.5
4,407.5
4,453.2
4,491.9

4,437.8
4,51 Q/.8
4,583.1
4,607.3

4,421.1
4,485.0
4,522.3
4,578.6

4,407.0
4,484.0
4,564.0
4,565.5

4.9
7.3
7.5
.6

3.8
6.5
4.2
3.5

7.1
6.7
6.6
2.1

6.0
5.9
3.4
5.1

5.4
7.2
7.3
.1

1978:1
||
III
IV ....

4,536.2
4,713.6
4,761.7
4,828.0

3,015.3
3,082.8
3,100.9
3,127.5

667.2
709.7
728.8
746.3

249.1
275.4
278.4
289.5

338.0
339.1
343.6
348.3

951.8
977.5
985.9
995.4

-9.2
7.3
11.3
17.6

4,499.5
4,678.9
4,724.8
4,786.3

4,641.9
4,784.7
4,834.4
4,891.4

4,605.2
4,749.9
4,797.5
4,849.7

4,587.6
4,757.1
4,808.9
4,881.8

1.4
16.6
4.1
5.7

.7
16.9
4.0
5.3

3.0
12.9
4.2
4.8

2.3
13.2
4.1
4.4

1.9
15.6
4.4
6.2

1979:1
II
Ill
IV ....

4,841.7
4,847.8
4,885.6
4,905.4

3,149.5
3,147.8
3,179.9
3,194.7

746.0
745.7
732.1
717.8

289.7
290.4
300.7
318.9

347.3
349.2
343.9
351.3

986.6
996.8
999.0
1,007.8

17.2
16.3
17.8
17.5

4,808.8
4,809.5
4,881.3
4,910.3

4,903.4
4,911.1
4,926.7
4,931.2

4,870.3
4,872.7
4,922.3
4,935.9

4,897.0
4,909.3
4,958.4
4,977.4

1.1
.5
3.2
1.6

1.9
.1
6.1
2.4

1.0
.6
1.3
.4

1.7
.2
4.1
1.1

1.3
1.0
4.1
1.5

1980:1
II ....
Ill
IV ....

4,926.8
4,829.0
4,823.3
4,910.1

3,195.8
3,125.4
3,158.8
3,197.6

711.7
647.4
599.8
662.2

329.1
335.4
334.2
332.4

351.7
326.1
302.6
318.9

1,023.0
1,026.3
1,013.2
1,011.8

18.9
20.6
19.9
25.0

4,929.1
4,832.7
4,896.5
4,938.5

4,939.0
4,793.9
4,753.6
4,867.6

4,941.0
4,797.2
4,825.3
4,895.2

4,999.5
4,896.2
4,886.8
4,962.3

1.8
-7.7
-.5
7.4

1.5
-7.6
5.4
3.5

.6
-11.2
-3.3
9.9

.4
-11.1
2.4
5.9

1.8
-8.0
-.8
6.3

1981:1
II
Ill
IV ....

5,003.6
4,969.3
5,030.0
4,972.5

3,209.5
3,212.6
32288
3,205.1

726.3
693.4
733.9
708.8

338.2
340.0
332.9
335.7

332.5
333.0
329.3
338.7

1,025.2
1,027.9
1,025.7
1,032.9

36.9
28.4
38.0
28.7

4,956.8
4,967.8
4,976.8
4,948.4

4,972.3
4,936.7
5,001.1
4,954.2

4,925.8
4,934.9
4,948.1
4,929.9

5,060.1
5,022.7
5,086.1
5,034.5

7.8
-2.7
5.0
-4.5

1.5
.9
.7
-2.3

8.9
-2.8
5.3
-3.7

2.5
.7
1.1
-1.5

8.1
-2.9
5.1
-4.0

1982:1
II
Ill
IV ....

4,894.6
4,916.9
4,893.5
4,896.1

3,228.1
3,238.2
3,259.4
3,313.3

634.8
631.6
623.5
571.1

3223
324.6
309.9
296.2

329.1
323.7
338.7
325.4

1,032.1
1,038.1
1,045.4
1,062.5

6.4
8.1
-6.0
-21.6

4,939.7
4,935.5
4,898.2
4,969.2

4,881.6
4,893.2
4,910.5
4,913.8

4,926.2
4,911.4
4,915.0
4,986.3

4,951.5
4,980.0
4,946.8
4,947.2

-6.1
1.8
-1.9
.2

-.7
-.3
-3.0
5.9

-5.7
1.0
1.4
.3

-.3
-1.2
.3
5.9

-6.4
2.3
-5.6
0

1983:1
II
III
IV ....

4,948.5
5,063.6
5,152.6
5,257.6

3,340.0
3,408.0
3,461.1
3,517.6

590.7
650.7
691.4
762.2

300.7
301.6
306.1
312.3

332.8
358.4
386.3
405.3

1,067.9
1,076.2
1,094.9
1,076.6

-18.0
-14.5
-14.6
-5.8

5,011.8
5,086.7
5,172.1
5,239.4

4,970.2
5,117.1
5,235.9
5,356.9

5,033.1
5,140.0
5,255.3
5,338.5

4,999.9
5,118.5
5,208.5
5,315.6

4.3
9.6
7.2
8.4

3.5
6.1
6.9
5.3

4.7
12.4
9.6
9.6

3.8
8.8
9.3
6.5

4.3
9.8
7.2
8.5

1984:1
II
Ill
IV ....

5,374.1
5,465.9
5,513.6
5,555.9

3,556.4
3,605.1
3,630.7
3,678.3

845.0
873.2
890.7
876.9

319.6
327.5
334.7
341.2

437.8
456.2
468.0
481.8

1,089.0
1,113.1
1,121.1
1,142.1

1.9
3.2
4.4
-.8

5,286.2
5,383.2
5,428.7
5,503.9

5,504.2
5,608.2
5,661.2
5,711.8

5,416.2
5,525.6
5,576.4
5,659.9

5,427.1
5,519.0
5,566.1
5,602.6

9.2
7.0
3.5
3.1

3.6
7.5
3.4
5.7

11.5
7.8
3.8
3.6

6.0
8.3
3.7
6.1

8.7
6.9
3.5
2.6

lll'Z
IV ....

See footnotes and note at the end of the table.




December 1999

SURVEY OF CURRENT BUSINESS

• 137

Table 2A.—Real Gross Domestic Product-Continued
[Billions of chained (1996) dollars; quarterly estimates are seasonally adjusted at annual rates]
Year and
quarter

GDP

Personal
consumption
expenditures

Gross private
domestic
investment

Exports and imports of
goods and services
Exports

Percent change from preceding period
Government1

Residual

Imports

Final sales
of domestic
product

Gross
domestic
purchases

Final sales to
domestic
purchasers

GNP

Final sales
of domestic
product

GDP

Gross
domestic
purchases

Final sales to
domestic
purchasers

GNP

1985:1
II
Ill
IV ....

5,602.4
5,646.6
5,731.4
5,778.8

3,733.9
3,768.7
3,838.0
3,851.5

848.9
862.8
854.1
887.8

341.0
339.5
334.5
344.4

471.1
494.2
489.3
508.3

1,155.5
1,178.5
1,207.1
1,212.7

-5.8
-8.7
-13.0
-9.3

5,592.4
5,629.7
5,718.8
5,745.4

5,746.4
5,819.1
5,904.8
5,962.2

5,736.6
5,802.5
5,892.3
5,929.0

5,639.7
5,686.3
5,764.0
5,815.1

3.4
3.2
6.1
3.4

6.6
2.7
6.5
1.9

2.4
5.2
6.0
3.9

5.5
4.7
6.3
2.5

2.7
3.4
5.6
3.6

1986:1

5,831.1
5,856.0
5,911.3
5,944.3

3,884.8
3,927.4
3,997.2
4,025.3

886.2
868.3
838.0
838.2

354.0
358.2
366.9
380.9

507.3
528.8
543.6
548.1

1,221.9
1,245.9
1,275.3
1,269.6

-8.5
-15.0
-22.5
-21.6

5,801.0
5,845.4
5,929.3
5,967.8

6,002.0
6,046.4
6,108.3
6,130.1

5,972.0
6,036.0
6,126.6
6,153.9

5,862.3
5,877.4
5,935.1
5,959.0

3.7
1.7
3.8
2.2

3.9
3.1
5.9
2.6

2.7
3.0
4.2
1.4

2.9
4.4
6.1
1.8

3.3
1.0
4.0
1.6

1987:1
II
Ill
IV ....

5,990.7
6,056.1
6,108.3
6,215.4

4,030.7
4,083.7
4,130.2
4,139.4

863.4
863.9
860.5
929.3

382.1
398.0
415.4
430.9

544.9
558.9
569.9
583.0

1,276.7
1,287.5
1,290.9
1,308.6

-17.3
-18.1
-18.8
-9.8

5,962.8
6,045.8
6,118.8
6,145.3

6,171.4
6,234.5
6,279.4
6,383.6

6,143.8
6,224.4
6,290.0
6,313.7

6,007.2
6,076.9
6,127.9
6,237.0

3.2
4.4
3.5
7.2

-.3
5.7
4.9
1.7

2.7
4.2
2.9
6.8

-.7
5.4
4.3
1.5

3.3
4.7
3.4
7.3

1988:1
II
Ill
IV ....

6,257.0
6,331.0
6,363.1
6,445.0

4,212.1
4,241.0
4,275.4
4,324.4

884.6
902.5
907.5
916.7

454.9
467.5
475.9
490.4

580.3
573.2
586.1
603.0

1,298.7
1,301.0
1,298.9
1,325.7

-13.0
-7.8
-8.5
-9.2

6,244.3
6,315.2
6,346.7
6,427.3

6,394.2
6,444.8
6,482.1
6,566.7

6,381.5
6,429.1
6,465.9
6,549.1

6,285.0
6,355.8
6,384.7
6,469.2

2.7
4.8
2.0
5.2

6.6
4.6
2.0
5.2

.7
3.2
2.3
5.3

4.4
3.0
2.3
5.2

3.1
4.6
1.8
5.4

1989:1
II
Ill
IV ....

6,522.4
6,556.9
6,586.8
6,608.7

4,339.3
4,356.1
4,393.6
4,408.6

952.7
941.1
929.3
922.9

508.9
529.0
528.9
543.5

595.7
606.9
612.3
620.2

1,317.8
1,338.9
1,351.8
1,358.6

-.6
-1.3
-4.5
-4.7

6,471.5
6,520.4
6,582.1
6,595.6

6,613.8
6,638.0
6,674.3
6,688.5

6,563.1
6,601.7
6,669.5
6,675.5

6,546.4
6,579.5
6,612.0
6,641.0

4.9
2.1
1.8
1.3

2.8
3.1
3.8
.8

2.9
1.5
2.2
.9

.9
2.4
4.2
.4

4.9
2.0
2.0
1.8

1990:1
II
III
IV ....

6,689.2
6,705.4
6,695.4
6,643.9

4,443.3
4,456.9
4,475.5
4,440.7

934.0
933.0
912.6
849.6

563.6
575.4
570.8
584.7

628.1
639.3
640.4
621.0

1,379.3
1,382.8
1,383.0
1,397.0

-2.9
^3.4
-6.1
-7.1

6,678.7
6,671.3
6,675.2
6,659.6

6,755.1
6,770.8
6,767.2
6,678.4

6,744.6
6,736.7
6,747.1
6,694.0

6,719.3
6,737.1
6,721.0
6,695.0

5.0
1.0
-.6
-3.0

5.1
-.4
.2
-.9

4.0
.9
-.2
-5.1

4.2
~!6
-3.1

4.8
1.1
-.9
-1.5

1991:1
II
Ill
IV ....

6,616.2
6,658.4
6,680.2
6,721.7

4,425.0
4,461.5
4,480.4
4,475.5

815.1
808.8
829.8
864.2

583.2
612.4
616.5
638.4

602.7
623.9
640.8
648.7

1,403.5
1,408.1
1,402.6
1,397.0

-7.9
-6.5
-8.3
-4.7

6,637.3
6,682.4
6,684.5
6,692.8

6,631.9
6,665.8
6,701.7
6,728.2

6,652.9
6,689.7
6,706.0
6,699.3

6,653.9
6,683.0
6,700.5
6,750.1

-1.7
2.6
1.3
2.5

-1.3
2.7
.1
.5

-2.8
2.1
2.2
1.6

-5.4
2.2
1.0
-.4

-2.4
1.8
1.0
3.0

1992:1
II
III
IV ....

6,792.9
6,859.3
6,912.1
7,000.0

4,552.9
4,577.2
4,611.0
4,673.9

843.8
901.8
912.1
941.6

644.9
648.3
652.0
663.0

650.6
670.1
672.9
689.5

1,408.2
1,406.5
1,413.8
1,414.2

-6.3
-4.4
-3.9
-<3.2

6,798.5
6,839.5
6,895.1
6,981.7

6,794.3
6,877.9
6,929.7
7,023.6

6,799.9
6,858.2
6,912.7
7,005.3

6,819.7
6,885.1
6,934.6
7,023.7

4.3
4.0
3.1
5.2

6.5
2.4
3.3
5.1

4.0
5.0
3.0
5.5

6.1
3.5
3.2
5.5

4.2
3.9
2.9
5.2

1993:1
II
Ill
IV ....

6,986.9
7,024.0
7,050.8
7,155.0

4,673.7
4,715.7
4,767.5
4,810.9

964.8
967.0
964.1
1,015.6

661.2
673.7
659.7
693.0

705.8
726.1
733.1
762.2

1,396.2
1,397.5
1,397.6
1,401.3

-3.2
-3.8
-5.0
-3.6

6,951.9
7,001.6
7,046.6
7,141.1

7,029.9
7,075.2
7,123.7
7,223.7

6,994.9
7,052.8
7,119.6
7,209.7

7,019.5
7,049.6
7,082.3
7,169.8

-.7
2.1
1.5
6.0

-1.7
2.9
2.6
5.5

.4
2.6
2.8
5.7

-.6
3.4
3.8
5.2

-.2
1.7
1.9
5.0

1994:1
II
Ill
IV ....

7,218.5
7,319.8
7,360.5
7,452.3

4,857.6
4,899.2
4,936.7
4,986.4

1,057.3
1,118.5
1,101.8
1,150.5

695.7
724.0
741.4
766.2

776.8
811.3
834.6
854.8

1,387.3
1,389.7
1,416.8
1,403.9

-2.6
-.3
-1.6
.1

7,176.3
7,239.8
7,308.9
7,378.4

7,299.6
7,406.9
7,453.8
7,540.9

7,257.3
7,326.9
7,402.3
7,467.0

7,240.1
7,337.0
7,376.6
7,468.2

3.6
5.7
2.2
5.1

2.0
3.6
3.9
3.9

4.3
6.0
2.6
4.8

2.7
3.9
4.2
3.5

4.0
5.5
2.2
5.1

1995:1
II
Ill
IV ....

7,480.4
7,496.0
7,555.0
7,616.8

5,004.7
5,053.6
5,094.0
5,128.0

1,162.4
1,128.5
1,119.1
1,152.4

779.7
788.1
821.2
840.8

873.1
886.4
889.1
897.8

1,406.8
1,413.5
1,410.4
1,393.2

-.1
-1.3
-.6
.2

7,419.1
7,462.3
7,543.4
7,597.3

7,574.0
7,594.6
7,622.2
7,672.7

7,512.6
7,560.9
7,610.6
7,653.3

7,502.7
7,522.0
7,566.7
7,640.6

1.5
.8
3.2
3.3

2.2
2.3
4.4
2.9

1.8
1.1
1.5
2.7

2.5
2.6
2.7
2.3

1.9
1.0
2.4
4.0

1996:1
II
Ill
IV ....

7,671.4
7,800.5
7,843.3
7,937.5

5,170.3
5,227.5
5,255.4
5,296.8

1,172.3
1,233.4
1,281.4
1,283.7

845.6
859.8
867.1
924.2

921.1
950.4
982.9
998.1

1,404.4
1,430.2
1,422.1
1,431.0

-.1
0
.2
-.1

7,664.6
7,770.9
7,793.5
7,903.7

7,746.5
7,891.0
7,959.0
8,011.9

7,739.7
7,861.4
7,909.2
7,978.2

7,698.7
7,818.3
7,854.7
7,953.3

2.9
6.9
2.2
4.9

3.6
5.7
1.2
5.8

3.9
7.7
3.5
2.7

4.6
6.4
2.5
3.5

3.1
6.4
1.9
5.1

1997:1
II
Ill
IV ....

8,033.4
8,134.8
8,214.8
8,277.3

5,361.1
5,385.1
5,471.8
5,517.1

1,326.5
1,394.1
1,397.6
1,424.9

943.9
979.9
1,006.8
1,011.2

1,034.7
1,080.8
1,125.5
1,139.9

1,437.0
1,457.1
1,463.3
1,463.0

-.4
-.6
.8
1.0

7,981.1
8,042.0
8,155.3
8,204.3

8,124.5
8,235.4
8,331.9
8,403.9

8,072.2
8,142.6
8,272.4
8,330.9

8,038.1
8,144.0
8,216.2
8,277.2

4.9
5.1
4.0
3.1

4.0
3.1
5.8
2.4

5.7
5.6
4.8
3.5

4.8
3.5
6.5
2.9

4.3
5.4
3.6
3.0

1998:1
II
Ill
IV ....

8,412.7
8,457.2
8,536.0
8,659.2

5,592.3
5,675.6
5,730.7
5,795.8

1,531.5
1,513.1
1,551.1
1,593.9

1,007.3
997.2
993.0
1,030.8

1,179.0
1,215.6
1,231.0
1,263.1

1,459.2
1,480.7
1,485.3
1,495.9

1.4
6.2
6.9
5.9

8,307.0
8,410.4
8,459.6
8,588.3

8,579.7
8,667.2
8,764.2
8,881.5

8,473.7
8,620.5
9,687.6
8,810.6

8,414.8
8,456.6
8,510.6
8,641.9

6.7
2.1
3.8
5.9

5.1
5.1
2.4
6.2

8.6
4.1
4.6
5.5

7.0
7.1
3.2
5.8

6.8
2.0
2.6
6.3

1999:1
II

8,737.9
8,778.6

5,888.4
5,961.8

1,608.2
1,599.8

1,016.4
1,026.4

1,300.9
1,345.4

1,514.6
1,519.5

8,685.2
8,757.9

9,007.4
9,078.2

8,954.8
9,057.8

8,723.3
8,764.3

3.7
1.9

4.6
3.4

5.8
3.2

6.7
4.7

3.8
1.9

lll'Z
IV ....

11.2
16.5

1. Government consumption expenditures and gross investment
NOTE.—The residual is the difference between GDP and the sum of the detailed components shown in this table.




GDP
GNP

Gross domestic product
Gross national product

138 • December 1999

SURVEY OF CURRENT BUSINESS
Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product
[Index numbers, 1996=100; quarterly estimates are seasonally adjusted]

Personal consumption expenditures

Gross private domestic investment

Government consumption
Exports and imports of
goods and services
expenditures and gross investment

P" oH inwaefmant

Year and
quarter

Gross
domestic
product

Total

Durable
goods

Nondurable
goods

Nonresidentiaj
Services

Total
Total
Total

Structures

Equipment and
software

Residential

Exports

Imports

Total

Federal

State and
local

Final sales
of domestic
product

Gross
national
product

1959

29.44

27.78

16.49

38.35

24.39

21.96

22.20

15.94

43.65

9.74

47.26

8.22

11.07

46.39

70.86

31.30

29.53

29.57

1960
1961
1962
1963
1964

30.17
30.87
32.73
34.15
36.13

28.53
29.11
30.54
31.80
33.70

16.82
16.19
18.08
19.84
21.67

38.93
39.64
40.89
41.75
43.80

25.46
26.49
27.79
29.06
30.82

21.95
21.81
24.57
26.21
28.37

22.39
22.32
24.33
26.21
28.74

16.84
16.74
18.19
19.20
21.47

47.12
47.76
49.91
50.46
55.71

10.16
9.96
11.11
12.04
13.58

43.89
44.02
48.24
53.92
57.05

9.93
10.10
10.64
11.44
12.96

11.21
11.14
12.40
12.74
13.41

46.38
48.61
51.54
52.76
53.79

68.76
71.41
77.32
77.10
75.79

32.66
34.66
35.71
37.87
40.43

30.31
31.04
32.74
34.19
36.24

30.32
31.04
32.93
34.36
36.35

1965
1966
1967
1968
1969

38.43
40.95
41.97
43.97
45.35

35.83
37,87
39.00
41.22
42.79

24.42
26.48
26.90
29.85
30.92

46.12
48.65
49.42
51.67
53.05

32.45
34.07
35.74
37.58
39.46

32.35
35.19
33.57
35.51
37.58

31.66
33.47
32.84
35.12
37.30

25.20
28.35
27.95
29.19
31.39

64.59
69.02
67.26
68.21
71.89

16.06
18.61
18.48
19.62
21.34

55.39
50.43
48.84
55.50
57.14

13.22
14.11
14.42
15.47
16.32

14.84
17.05
18.29
21.02
22.21

55.46
60.43
64.99
67.05
66.81

75.93
84.51
92.74
93.60
90.51

43.13
45.85
48.13
50.96
52.51

38.32
40.64
41.88
43.94
45.32

38.67
41.16
42.19
44.21
45.57

1970
1971
1972
1973
1974

45.43
46.85
49.33
52.13
51.99

43.78
45.32
47.99
50.29
50.07

29.91
32.91
37.08
40.91
38.10

54.32
55.30
57.73
59.62
58.42

41.03
42.35
44.54
46.53
47.95

35.10
39.09
43.70
48.81
45.20

36.51
39.26
43.96
47.97
44.96

31.22
31.21
34.04
38.99
39.30

72.12
70.94
73.12
79.08
77.43

21.12
21.31
24.04
28.44
29.13

53.73
68.46
80.63
80.11
63.57

18.09
18.18
19.64
23.92
26.27

23.16
24.40
27.13
28.39
27.75

65.30
63.98
63.98
63.47
64.79

84.15
78.10
76.34
72.55
72.37

53.99
55.60
56.73
58.32
60.60

45.74
46.90
49.38
51.96
51.95

45.65
47.10
49.61
52.54
52.46

1975
1976
1977 ..
1978
1979

51.84
54.56
57.03
60.28
62.33

51.19
53.97
56.21
58.84
60.49

38.09
42.95
46.95
49.43
49.26

59.28
62.17
63.67
66.05
67.81

49.68
51.59
53.72
56.55
58.73

37.20
44.70
51.45
57.38
59.18

40.13
44.08
50.41
56.22
59.37

35.41
37.14
41.32
47.15
51.88

69.32
71.02
73.97
82.66
93.08

26.35
27.98
32.18
37.09
40.33

55.32
68.34
83.02
88.26
85.03

26.12
27.57
28.24
31.24
34.31

24.66
29.49
32.70
35.54
36.13

66.06
66.01
66.63
68.75
70.15

72.39
71.50
72.74
74.71
76.55

62.67
63.15
63.37
65.63
66.76

52.47
54.47
56.83
60.03
62.35

52.18
54.99
57.53
60.77
63.02

1980
1981
1982
1983
1984

62.36
63.92
62.72
65.35
70.11

60.51
61.37
62.24
65.52
69.07

45.39
45.98
45.98
52.81
60.54

67.71
68.51
69.17
71.47
74.31

60.16
61.13
62.43
65.27
68.05

52.73
57.59
49.51
54.22
70.13

55.58
56.79
52.81
56.76
66.28

51.85
54.77
52.72
52.19
61.37

99.23
107.09
105.47
94.53
108.03

38.88
40.52
38.42
40.50
48.40

67.05
61.68
50.45
71.19
81.56

38.07
38.52
35.83
34.91
37.84

33.73
34.61
34.18
38.49
47.86

71.63
72.29
73.46
75.87
78.51

80.25
84.03
87.10
92.56
95.45

66.85
65.55
65.52
66.04
68.53

62.95
63.76
63.41
65.88
69.39

63.03
64.50
63.29
65.90
70.60

1985
1986
1987
1988
1989

72.82
75.33
77.98
81.26
84.07

72.52
75.58
78.21
81.40
83.52

66.52
72.58
73.84
78.11
79.75

76.33
79.07
80.97
83.55
85.83

71.66
74.11
77.50
80.76
82.91

69.48
69.02
70.75
72.65
75.36

69.77
70.60
70.58
73.15
75.14

65.49
63.73
63.65
67.11
70.83

115.92
103.43
99.69
100.95
103.42

51.48
52.51
53.37
57.37
61.39

82.67
92.58
92.79
92.32
88.53

38.88
41.76
46.51
54.01
60.35

50.95
55.23
58.58
60.81
63.21

83.58
88.13
90.79
91.85
94.36

102.74
108.39
112.40
110.37
111.83

72.25
76.15
77.99
80.90
84.02

72.87
75.62
77.97
81.37
84.06

73.12
75.45
78.05
81.39
84.21

85.54
85.36
88.20
90.29
93.92

85.04
85.17
87.90
90.54
93.94

79.01
73.79
77.70
84.08
90.46

87.01
86.65
88.29
90.87
94.35

85.17
86.82
89.91
91.74
94.45

73.01
66.75
72.41
78.69
89.08

73.77
68.65
73.10
79.03
86.25

71.35
67.83
70.11
76.00
82.78

104.95
93.38
87.70
88.39
89.14

61.63
60.38
64.86
72.22
80.79

80.92
70.57
82.09
88.09
96.64

65.62
70.08
74.59
76.86
83.72

65.64
65.31
69.64
75.98
85.08

97.44
98.65
99.21
98.33
98.42

114.11
113.78
111.96
107.59
103.69

87.56
89.67
91.63
92.83
95.28

85.71
85.75
88.38
90.39
93.48

85.79
85.52
88.31
90.41
93.93

96.47
100.00
104.50
109.00

96.80
100.00
103.75
108.80

94.66
100.00
106.63
118.66

97.14
100.00
102.92
107.07

97.07
100.00
103.60
107.80

91.79
100.00
111.51
124.52

91.46
100.00
108.52
121.37

90.89
100.00
110.71
124.80

93.39
100.00
108.45
112.93

90.08
100.00
111.48
129.09

93.13
100.00
102.35
111.78

92.37
100.00
112.73
115.21

92.05
100.00
113.72
126.89

98.87
100.00
102.33
104.10

100.91
100.00
99.88
98.97

97.66
100.00
103.79
107.14

96.43
100.00
104.02
108.46

96.51
100.00
104.31
108.62

1959:1
II
Ill
IV ....

28.85
29.61
29.60
29.69

27.30
27.73
28.02
28.06

16.08
16.69
17.02
16.16

37.95
38.26
38.46
38.72

23.84
24.26
24.59
24.90

21.17
23.03
21.45
22.18

21.62
22.31
22.59
22.28

15.36
15.82
16.33
16.26

42.12
43.42
44.70
44.37

9.38
9.66
9.98
9.96

46.82
48.48
47.56
46.17

7.86
8.01
8.67
8.34

10.63
11.21
11.36
11.07

45.68
46.56
46.87
46.46

69.12
71.22
71.95
71.16

31.24
31.34
31.38
31.22

28.99
29.50
29.87
29.76

28.98
29.73
29.73
29.84

1960:1
II
Ill
IV ....

30.35
30.20
30.26
29.87

28.32
28.67
28.56
28.59

16.71
17.10
16.97
16.51

38.71
39.17
38.90
38.93

25.20
25.45
25.47
25.72

24.57
22.05
21.92
19.27

23.05
22.59
21.99
21.93

16.87
17.13
16.72
16.66

46.22
46.76
46.86
48.65

10.31
10.50
10.07
9.76

47.50
43.59
42.27
42.21

9.51
9.91
10.15
10.15

11.47
11.54
11.19
10.66

45.51
46.11
46.70
47.21

67.93
68.28
69.06
69.77

31.75
3252
33.00
33.38

30.08
30.36
30.33
30.47

30.49
30.35
30.41
30.03

1961:1
II
Ill
IV ....

30.04
30.60
31.11
31.74

28.57
29.00
29.14
29.73

15.54
15.87
16.26
17.07

39.18
39.59
39.62
40.18

25.98
26.44
26.54
27.02

19.72
21.19
22.97
23.35

21.63
21.94
22.48
23.22

16.28
16.60
16.76
17.31

48.42
47.61
47.62
47.37

9.41
9.85
10.00
10.59

42.38
42.53
44.83
46.33

10.21
9.73
10.13
10.31

10.61
10.75
11.46
11.73

47.72
48.20
48.67
49.87

69.45
71.01
71.78
73.40

34.45
34.22
34.51
35.45

30.49
30.82
31.06
31.77

30.22
30.77
31.27
31.91

1962:1
II
Ill
IV ....

32.29
32.64
32.96
33.04

30.04
30.40
30.65
31.08

17.45
17.91
18.06
18.90

40.53
40.72
41.03
41.28

27.26
27.69
27.93
28.29

24.73
24.51
24.95
24.10

23.71
24.43
24.64
24.53

17.70
18.23
18.47
18.36

48.24
50.00
51.34
50.07

10.86
11.13
11.19
11.26

47.17
48.64
48.60
48.54

10.23
10.92
10.88
10.51

12.09
12.35
12.51
12.66

50.73
51.31
51.95
52.19

76.01
77.13
78.07
78.07

35.20
35.45
35.90
36.29

32.14
32.68
32.95
33.19

32.46
32.83
33.15
33.27

1963:1
II
Ill
IV ....

33.44
33.87
34.52
34.77

31.30
31.60
32.03
32.30

19.31
19.75
19.98
20.31

41.45
41.62
41.96
41.98

28.44
28.75
29.32
29.73

25.38
25.81
26.68
26.97

24.80
25.94
26.62
27.46

18.31
18.89
19.47
20.10

48.32
50.60
50.95
51.97

11.46
11.72
12.25
12.74

50.29
53.91
54.91
56.58

10.54
11.50
11.59
12.12

12.37
12.66
12.98
12.94

51.89
52.19
53.71
53.24

76.24
76.49
78.85
76.81

36.98
37.32
38.32
38.85

33.37
33.94
34.56
34.91

33.65
34.07
34.73
34.99

1964:1
II
Ill
IV ....

35.55
35.97
36.45
36.55

32.93
33.52
34.14
34.23

21.08
21.64
22.36
21.61

42.78
43.56
44.35
44.50

30.17
30.61
31.03
31.46

28.08
27.96
28.63
28.83

28.52
28.44
28.89
29.08

20.61
21.14
21.85
22.28

53.32
55.15
56.97
57.41

13.06
13.32
13.77
14.15

60.04
57.02
56.09
55.07

12.78
12.68
13.06
13.33

12.93
13.22
13.57
13.94

53.51
54.19
53.73
53.71

76.63
76.99
75.13
74.42

39.42
40.32
40.77
41.19

35.67
36.10
36.54
36.63

35.78
36.19
36.69
36.76

1965:1
II
Ill...
IV ....

37.44
37.94
38.71
39.64

34.98
35.37
35.97
36.99

23.69
23.75
24.59
25.64

45.01
45.51
46.18
47.78

31.75
3220
32.64
33.20

31.78
31.75
32.86
33.00

30.42
31.27
32.12
32.85

23.79
24.69
25.62
26.72

60.35
64.56
65.23
68.24

15.25
15.54
16.38
17.05

55.26
55.69
55.91
54.70

11.72
13.58
13.33
14.26

13.44
15.02
15.09
15.82

53.67
54.78
56.10
57.29

73.72
74.94
76.50
78.56

41.58
42.63
43.83
44.47

37.20
37.87
38.59
39.63

37.69
38.20
38.95
39.84

1966:1
||
Ill
IV ....

40.62
40.77
41.03
41.39

37.54
37.64
38.07
38.23

26.88
25.76
26.64
26.65

48.22
48.64
48.97
48.78

33.51
33.91
34.20
34.67

35.74
35.13
34.82
35.07

34.09
33.62
33.60
32.57

27.90
28.30
28.64
28.55

69.88
68.51
70.03
67.65

18.01
18.64
18.76
19.03

55.94
51.45
49.78
44.56

14.07
13.98
14.07
14.31

16.23
16.63
17.57
17.76

58.36
60.14
60.99
62.25

80.42
84.47
85.87
87.29

45.04
45.39
45.91
47.08

40.31
40.50
40.82
40.94

40.83
40.99
41.24
41.60

1967:1
II
Ill
IV ....

41.77
41.74
42.04
42.35

38.46
38.97
39.17
39.41

26.14
27.30
27.05
27.09

49.15
49.39
49.43
49.70

35.10
35.53
36.03
36.31

34.19
32.59
33.41
34.08

31.80
32.64
32.95
33.97

27.94
27.86
27.72
28.28

68.34
66.40
67.09
67.20

18.29
18.52
18.26
18.83

43.22
48.13
50.54
53.49

14.52
14.36
14.22
14.56

18.02
17.90
18.14
19.10

64.88
64.58
64.97
65.52

93.26
92.06
92.77
92.89

47.63
47.89
48.08
48.91

41.35
41.79
41.99
42.37

41.98
41.95
42.27
42.58

1968:1
II
Ill
IV ....

43.21
43.95
44.27
44.46

40.31
40.94
41.72
41.92

28.82
29.38
30.71
30.50

50.79
51.44
52.23
52.23

36.71
37.35
37.87
38.37

34.91
36.36
35.19
35.59

34.79
34.60
35.11
35.99

29.16
28.65
29.03
29.90

68.54
67.94
67.49
68.88

19.54
19.09
19.57
20.26

53.81
55.17
56.16
56.86

14.89
15.15
16.09
15.74

20.22
20.52
21.76
21.57

66.68
67.01
67.17
67.33

94.48
93.82
93.15
92.94

49.80
50.75
51.45
51.85

43.22
43.66
44.29
44.57

43.44
44.19
44.51
44.70

1990
1991
1992
1993
1994

. .

1995
1996
1997
1998




SURVEY OF CURRENT BUSINESS

December 1999

Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product—Continued
[Index numbers, 1996=100; quarterly estimates are seasonally adjusted]
Personal consumption expenditures

Year and
quarter

Gross
domestic
product

Total

Durable
goods

Nondurable
goods

Gross private domestic investment

Exports and imports of
goods and services

Government consumption
expenditures and gross investment

1Presidential
Services

Total
Total
Total

Structures

Equipment and
software

Residential

Exports

Imports

Total

Federal

State and
local

Final sales
of domestic
product

Gross
national
product

1969:1
II
Ill
IV ....

45.17
45.30
45.57
45.36

42.40
42.68
42.88
43.22

31.07
30.97
30.89
30.73

52.72
52.99
53.07
53.40

38.79
39.23
39.63
40.17

37.89
37.59
38.40
36.42

37.09
37.27
37.90
36.94

30.76
31.10
31.95
31.76

69.92
70.50
73.85
73.31

20.99
21.26
21.61
21.50

58.91
58.28
57.80
53.58

14.09
17.09
16.90
17.20

19.54
23.39
23.09
22.83

67.10
67.05
66.93
66.17

91.78
91.00
90.53
88.72

52.19
52.60
52.68
52.57

45.04
45.26
45.50
45.49

45.41
45.52
45.78
45.57

1970:1
II
III
IV ....

45.30
45.39
45.77
45.26

43.49
43.69
44.05
43.89

30.19
30.50
30.59
28.38

53.95
54.06
54.41
54.84

40.57
40.79
41.26
41.51

35.24
35.36
35.93
33.88

36.79
35.99
36.61
36.66

31.55
31.40
31.55
30.38

72.76
72.00
72.28
71.46

21.37
21.34
21.44
20.33

53.68
50.11
52.78
58.34

17.61
18.19
18.16
18.40

22.76
23.21
23.16
23.52

65.68
65.05
65.29
65.19

86.59
84.46
83.12
82.42

53.10
53.40
54.60
54.88

45.63
45.55
45.94
45.82

45.52
45.62
46.00
45.46

1971:1
II
Ill
IV ....

46.48
46.71
47.05
47.15

44.70
45.07
45.39
46.12

31.57
3229
33.15
34.61

55.03
55.23
55.24
55.70

41.78
42.13
42.45
43.06

38.29
39.45
39.95
38.67

37.49
39.02
39.74
40.80

30.67
31.10
31.21
31.84

71.26
71.07
70.82
70.61

20.67
21.17
21.33
22.07

61.45
67.65
70.99
73.74

18.23
18.20
19.19
17.10

23.24
24.99
25.55
23.81

64.35
64.09
63.83
63.63

79.85
78.61
77.75
76.18

55.12
55.46
55.57
56.24

46.37
46.66
47.03
47.56

46.74
46.99
47.29
47.41

1972:1
II
Ill
IV ....

48.07
49.16
49.62
50.47

46.73
47.56
48.27
49.38

35.45
36.32
37.27
39.29

56.04
57.42
58.23
59.24

43.74
44.18
44.70
45.54

41.33
43.85
44.59
45.02

42.64
43.39
43.88
45.93

32.92
33.47
34.00
35.79

72.47
72.87
72.99
74.13

22.91
23.44
24.01
25.79

78.66
80.20
80.39
83.26

19.12
18.84
19.67
20.92

27.29
26.31
26.86
28.07

64.43
64.49
63.47
63.56

77.89
78.38
75.04
74.07

56.47
56.25
56.71
57.49

48.32
49.07
49.49
50.64

48.34
49.42
49.92
50.76

1973:1
II
Ill
IV ....

51.72
52.24
52.05
52.52

50.24
50.18
50.42
50.33

41.84
41.16
40.84
39.81

59.89
59.37
59.72
59.50

45.89
46.39
46.74
47.09

47.89
49.75
48.08
49.51

47.88
48.27
48.12
47.62

37.47
38.97
39.61
39.90

76.57
78.96
80.76
80.02

27.21
28.43
28.80
29.29

86.05
81.68
78.22
74.48

22.81
23.80
24.02
25.03

29.37
28.52
27.73
27.94

63.90
63.69
62.80
63.52

74.56
73.84
70.56
71.26

57.73
57.85
58.48
59.23

51.70
51.94
52.04
52.15

52.07
52.62
52.51
52.97

1974:1
II
Ill
IV ....

52.19
52.37
51.82
51.56

49.98
50.21
50.44
49.64

38.71
39.08
39.40
35.22

58.72
58.51
58.63
57.81

47.32
47.82
48.10
48.57

46.61
46.46
43.73
44.02

46.51
45.83
45.03
42.46

39.88
39.78
39.33
38.21

79.60
79.30
75.87
74.93

29.35
29.29
29.50
28.40

69.02
66.00
63.83
55.43

25.91
27.04
25.73
26.40

26.99
28.43
27.93
27.65

64.40
64.99
64.77
65.01

72.22
72.51
72.05
72.70

60.06
60.84
60.76
60.76

52.16
52.26
52.09
51.30

52.73
52.88
52.28
51.94

1975:1
II
Ill
IV ....

50.92
51.36
52.23
52.85

50.05
50.92
51.64
52.16

36.04
36.81
39.16
40.35

58.05
59.30
59.79
59.97

48.94
49.57
49.84
50.38

36.27
35.12
38.21
39.17

39.88
39.31
40.28
41.05

35.88
34.94
35.24
35.60

71.12
68.42
68.84
68.90

26.51
25.99
26.26
26.65

52.00
53.12
56.83
59.31

26.38
25.29
25.72
27.08

24.88
22.88
24.79
26.11

65.96
65.78
66.01
66.49

72.35
72.64
72.17
72.41

62.53
62.05
62.72
63.36

51.68
52.24
52.69
53.27

51.22
51.67
52.57
53.28

1976:1
||
III
IV ....

54.04
54.44
54.66
55.08

53.21
53.65
54.15
54.85

42.48
42.58
42.98
43.77

61.16
61.98
62.51
63.05

50.92
51.20
51.72
52.50

43.06
45.05
45.15
45.54

42.74
43.47
43.92
46.18

36.23
36.66
37.46
38.20

70.78
70.55
71.28
71.48

26.98
27.52
28.29
29.10

65.38
67.26
66.16
74.59

26.95
27.18
27.92
28.24

27.75
28.95
30.13
31.13

66.69
66.02
65.68
65.64

71.61
71.54
71.32
71.53

64.19
63.14
62.72
62.53

54.03
54.17
54.46
55.23

54.45
54.87
55.10
55.54

1977:1
II
Ill
IV ....

55.74
56.74
57.77
57.86

55.50
55.79
56.34
57.20

45.58
46.68
47.31
48.23

63.42
63.30
63.41
64.57

52.94
53.23
54.05
54.68

47.92
51.10
53.97
52.82

47.86
50.55
51.15
52.09

39.70
40.87
41.66
43.08

71.28
73.93
75.06
75.61

30.87
31.66
32.34
33.86

76.84
85.63
85.36
84.24

27.81
28.55
28.78
27.82

32.60
32.89
32.43
32.89

66.10
66.79
66.85
66.76

71.83
73.02
73.28
72.83

63.09
63.46
63.40
63.54

55.74
56.63
57.22
57.71

56.27
57.26
58.28
58.30

1978:1
II
Ill
IV ....

58.06
60.33
60.94
61.79

57.57
58.86
59.21
59.71

46.95
50.62
49.90
50.27

64.98
65.68
66.37
67.17

55.58
56.45
56.91
57.27

53.69
57.11
58.65
60.06

52.46
56.12
57.58
58.73

43.41
46.91
48.40
49.88

74.72
81.31
85.75
88.87

34.45
37.10
37.88
38.92

84.72
88.70
89.92
89.68

28.50
31.50
31.84
33.12

35.10
35.21
35.67
36.17

66.94
68.74
69.33
70.00

73.13
74.80
75.10
75.80

63.64
65.55
66.33
66.99

57.81
60.12
60.71
61.50

58.58
60.75
61.41
62.34

1979:1
II
Ill
IV ....

61.97
62.05
62.53
62.78

60.13
60.10
60.71
61.00

49.75
48.61
50.01
48.68

67.52
67.24
67.97
68.51

58.05
58.57
58.83
59.46

60.03
60.00
58.91
57.77

59.26
58.88
59.97
59.38

51.07
51.00
52.66
52.79

88.80
90.41
95.00
98.11

40.35
39.90
40.82
40.26

87.59
86.04
84.90
81.57

33.14
33.22
34.40
36.48

36.06
36.26
35.71
36.48

69.38
70.10
70.26
70.88

75.87
76.69
76.65
77.00

65.93
66.58
66.87
67.66

61.78
61.79
62.72
63.09

6253
62.69
63.32
63.56

1980:1
II
Ill
IV ....

63.06
61.81
61.73
62.84

61.02
59.67
60.31
61.05

48.03
42.66
44.70
46.15

68.35
67.47
67.33
67.68

59.84
59.52
60.25
61.03

57.27
52.09
48.27
53.29

58.69
53.41
53.99
56.25

53.44
50.68
51.09
52.19

99.90
97.52
98.26
101.24

40.61
37.88
38.20
38.83

75.76
61.17
62.34
68.92

37.65
38.37
38.23
38.02

36.52
33.86
31.42
33.11

71.94
72.18
71.26
71.16

79.21
81.18
80.24
80.40

68.02
67.15
66.24
65.97

63.33
62.09
62.91
63.45

63.84
62.52
62.40
63.37

1981:1
II
Ill
IV ....

64.04
63.60
64.38
63.64

61.28
61.34
61.65
61.20

47.54
45.62
47.11
43.63

68.33
68.54
68.53
68.63

60.57
61.17
61.32
61.45

58.44
55.80
59.06
57.04

56.66
56.90
56.89
56.71

53.02
54.01
55.34
56.70

100.96
104.71
107.29
115.40

39.90
40.19
41.18
40.82

67.74
65.12
59.98
53.90

38.69
38.90
38.09
38.41

34.52
34.58
34.19
35.17

72.10
72.29
72.13
72.64

82.06
84.55
84.50
85.00

66.47
65.21
64.99
65.51

63.69
63.83
63.94
63.58

64.61
64.14
64.95
64.29

1982:1
II
Ill
IV ....

62.65
62.93
62.63
62.67

61.64
61.83
62.23
63.26

45.14
45.28
45.65
47.83

68.73
68.83
69.22
69.88

61.78
62.05
62.48
63.39

51.08
50.82
50.17
45.96

55.06
53.05
51.47
51.66

55.43
53.36
51.55
50.55

111.73
107.96
102.10
100.08

40.18
38.57
37.82
37.10

50.82
49.17
48.55
53.27

36.87
37.13
35.46
33.88

34.17
33.60
35.16
33.78

72.58
73.01
73.52
74.72

85.15
85.98
87.39
89.87

65.32
65.49
65.44
65.84

63.47
63.41
62.93
63.85

63.23
63.59
63.17
63.17

1983:1
II
Ill
IV ....

63.34
64.81
65.95
67.29

63.77
65.07
66.08
67.16

48.36
52.01
54.06
56.81

70.23
70.93
71.99
72.71

63.99
64.98
65.65
66.47

47.54
52.36
55.64
61.33

52.69
54.94
58.08
61.33

49.67
50.37
52.60
56.12

96.06
91.58
93.79
96.71

37.03
38.99
41.19
44.78

61.52
69.49
75.84
77.91

34.40
34.50
35.02
35.72

34.56
37.21
40.11
42.08

75.10
75.68
77.00
75.71

90.71
92.53
95.15
91.84

65.94
65.74
66.25
66.23

64.39
65.36
66.45
67.32

63.85
6536
66.51
67.88

1984:1
II
Ill
IV ....

68.78
69.96
70.57
71.11

67.90
68.83
69.32
70.23

59.03
60.40
60.39
62.35

73.10
74.41
74.65
75.07

67.01
67.57
68.36
69.27

68.00
70.27
71.68
70.56

63.31
66.02
67.32
68.49

57.85
60.72
62.66
64.26

102.20
107.32
110.66
111.94

45.53
47.78
49.32
50.97

80.69
82.69
81.64
81.23

36.56
37.47
38.28
39.03

45.46
47.37
48.59
50.02

76.58
78.28
78.84
80.32

92.65
95.67
95.36
98.12

67.15
68.02
69.14
69.83

67.92
69.17
69.75
70.72

69.30
70.47
71.08
71.54

1985:1
II
Ill
IV ....

71.70
72.27
73.36
73.96

71.29
71.96
73.28
73.54

64.56
65.25
69.45
66.81

75.49
76.10
76.57
77.17

70.41
71.10
72.15
72.99

68.31
69.43
68.73
71.44

69.16
69.83
69.39
70.70

64.97
65.94
64.94
66.10

116.74
116.82
114.30
115.82

50.63
51.81
51.21
52.27

81.76
81.32
82.93
84.69

39.01
38.84
38.26
39.40

48.91
51.31
50.81
52.78

81.26
82.88
84.89
85.28

99.43
101.60
104.96
104.96

70.54
71.82
73.00
73.64

71.85
72.33
73.48
73.82

72.02
72.61
73.60
7455

1986:1
II
Ill
IV ....

74.63
74.95
75.66
76.08

74.17
74.99
76.32
76.86

68.10
70.37
76.50
75.35

78.17
79.01
79.19
79.92

73.22
73.63
74.34
75.22

71.31
69.87
67.44
67.45

70.80
70.71
70.24
70.65

65.21
63.65
62.70
63.36

113.13
102.52
98.76
99.32

51.85
52.64
52.43
53.10

88.29
93.35
94.58
94.10

40.50
40.98
41.97
43.58

52.67
54.90
56.44
56.91

85.93
87.62
89.69
89.29

104.33
107.45
111.71
110.07

75.09
75.90
76.64
76.98

74.53
75.10
76.18
76.68

74.86
75.05
75.79
76.09

1987:1
II
Ill
IV ....

76.67
77.51
78.18
79.55

76.96
77.97
78.86
79.03

70.60
73.61
76.69
74.45

80.43
81.00
81.06
81.39

76.37
77.11
77.90
78.62

69.47
69.52
69.25
74.78

69.04
70.35
71.58
71.38

61.59
63.02
65.05
64.93

96.60
97.35
101.47
103.34

51.62
53.20
54.66
54.01

93.00
93.88
92.36
91.92

43.71
45.53
47.52
49.29

56.58
58.03
59.17
60.53

89.78
90.55
90.78
92.03

110.67
112.32
112.49
114.14

77.42
77.66
77.94
78.94

76.61
77.68
78.62
78.96

76.71
77.60
78.25
79.64

1988:1
II
Ill
IV ....

80.08
81.03
81.44
82.49

80.42
80.97
81.63
82.57

78.14
78.11
77.03
79.17

82.32
83.06
83.95
84.87

79.67
80.27
81.23
81.86

71.19
72.62
73.03
73.77

71.86
73.12
73.49
74.15

65.65
67.08
67.46
68.25

100.17
102.06
100.84
100.71

55.75
57.04
57.83
58.86

91.61
92.24
92.62
92.82

52.03
53.48
54.44
56.10

60.25
59.52
60.85
62.61

91.33
91.49
91.35
93.23

110.88
109.67
108.75
112.18

79.77
80.74
81.06
82.03

80.23
81.14
81.54
82.58

80.26
81.16
81.53
82.61




140

• December 1999

SURVEY OF CURRENT BUSINESS
Table 2B.—Chain-Type Quantity Indexes for Gross Domestic Product—Continued
[Index numbers, 1996=100; quarterly estimates are seasonally adjusted]

Personal consumption expenditures

Year and
quarter

Gross
domestic
product

Total

Durable
goods

Nondurable
goods

Gross private domestic investment

Exports and imports of
goods and services

Government consumption
expenditures and gross investment

NonresidentiaJ
Services

Total
Total
Total

Structures

Equipment and
software

Residential

Exports

Imports

Total

Federal

State and
local

Final sales
of domestic
product

Gross
national
product

1989:1
II
Ill
IV".'.".!

83.48
83.92
84.30
84.58

82.85
83.17
83.89
84.17

78.77
79.88
81.54
78.83

85.20
85.25
86.06
86.81

82.30
82.57
83.00
83.76

76.66
75.73
74.78
74.26

74.67
74.77
76.14
74.98

69.28
70.29
72.39
71.34

102.58
101.35
105.20
104.55

59.66
61.27
62.89
61.73

91.62
88.71
87.62
86.16

58.21
60.52
60.51
62.17

61.85
63.02
63.57
64.39

92.68
94.16
95.07
95.55

109.63
112.08
113.14
112.49

82.65
83.56
84.38
85.51

83.15
83.78
84.57
84.74

83.59
84.02
84.43
84.80

1990:1
II
Ill
IV ....

85.62
85.82
85.69
85.04

84.84
85.10
85.45
84.79

82.20
79.36
78.42
76.05

87.05
8720
87.41
86.39

84.01
85.07
85.82
85.77

75.16
75.08
73.44
68.37

76.09
74.24
73.61
71.14

72.27
71.09
71.75
70.28

106.69
106.19
105.87
101.03

62.32
60.96
61.89
61.36

87.84
83.79
78.91
73.15

64.47
65.82
65.30
66.89

65.22
66.38
66.49
64.48

97.00
97.25
97.26
98.25

114.29
114.45
113.41
114.29

86.76
87.06
87.69
88.73

85.81
85.72
85.77
85.56

85.80
86.03
85.82
85.49

1991:1
II
Ill
IV ....

84.68
85.22
85.50
86.03

84.49
85.18
85.55
85.45

73.42
73.65
74.66
73.45

86.33
86.95
87.00
86.33

85.87
86.72
87.11
87.60

65.59
65.08
66.77
69.55

68.70
68.40
68.62
68.89

68.51
68.04
67.56
67.22

98.83
96.29
90.17
88.22

59.72
59.82
60.92
61.04

68.53
68.83
71.32
73.60

66.72
70.05
70.53
73.03

62.58
64.78
66.53
67.35

98.70
99.03
98.64
98.24

115.21
115.37
113.37
111.17

88.91
89.33
89.89
90.56

85.28
85.86
85.88
85.99

84.97
85.34
85.56
86.20

1992:1
II
Ill
IV ....

86.94
87.79
88.47
89.59

86.93
87.39
88.04
89.24

76.03
76.46
78.21
80.11

87.75
87.61
88.19
89.60

88.85
89.66
90.09
91.02

67.90
72.57
73.40
75.77

69.88
72.68
73.75
76.09

67.11
69.62
70.89
72.83

87.35
87.21
87.76
88.48

61.13
64.36
65.84
68.11

78.20
81.92
82.32
85.94

73.77
74.16
74.59
75.84

67.55
69.58
69.86
71.58

99.03
98.91
99.43
99.46

111.34
111.22
112.57
112.72

91.72
91.60
91.62
91.58

87.35
87.88
88.59
89.70

87.08
87.92
88.55
89.69

1993:1
II
Ill
IV ....

89.43
89.90
90.24
91.58

89.24
90.04
91.03
91.85

80.36
83.26
85.11
87.58

89.59
90.57
91.37
91.95

90.96
91.20
92.11
92.71

77.64
77.82
77.58
81.73

76.68
77.86
79.06
82.51

73.57
75.22
76.07
79.14

88.26
87.83
87.93
89.54

69.13
71.38
72.43
75.94

86.03
85.73
88.01
92.61

75.63
77.06
75.47
79.27

73.28
75.39
76.12
79.14

98.19
98.28
98.29
98.55

109.03
107.62
107.00
106.70

91.75
92.73
93.11
93.71

89.32
89.96
90.54
91.75

89.63
90.02
90.44
91.55

1994:1
II
Ill
IV ....

92.39
93.69
94.21
95.38

92.75
93.54
94.26
95.21

88.72
89.49
90.47
93.16

93.09
93.87
94.72
95.71

93.42
94.22
94.81
95.36

85.08
90.01
88.66
92.58

83.69
85.75
86.66
88.89

80.05
81.62
83.07
86.40

85.88
90.16
89.93
90.57

78.20
78.96
80.92
85.06

94.64
98.16
97.41
96.33

79.58
82.83
84.81
87.65

80.66
84.23
86.66
88.75

97.56
97.73
99.64
98.73

103.61
102.54
105.92
102.71

93.97
94.88
95.90
96.36

92.20
93.02
93.91
94.80

92.45
93.69
94.20
95.36

1995:1
II
III
IV ....

95.74
95.94
96.70
97.49

95.56
96.49
97.26
97.91

92.53
93.66
95.81
96.62

96.20
96.90
97.31
98.13

95.85
96.86
97.53
98.06

93.54
90.82
90.05
92.74

90.86
90.29
91.29
93.40

89.66
90.22
90.80
92.89

92.49
93.79
93.72
93.53

88.74
89.06
89.86
92.67

94.42
90.50
92.71
94.89

89.19
90.16
93.94
96.19

90.65
92.04
92.32
93.21

98.93
99.40
99.19
97.98

102.34
102.38
101.65
97.27

96.90
97.63
97.72
98.40

95.32
95.88
96.92
97.61

95.81
96.05
96.62
97.57

1996:1
II
III
IV ....

98.19
99.84
100.39
101.59

98.72
99.81
100.34
101.13

97.61
100.64
100.26
101.50

98.72
99.73
100.29
101.26

98.94
99.68
100.39
100.99

94.33
99.25
103.12
103.30

96.08
99.26
101.56
103.10

95.80
98.46
101.65
104.09

95.95
98.38
100.18
105.49

95.75
98.49
102.15
103.61

96.91
101.56
101.30
100.24

96.73
98.35
99.19
105.72

95.64
98.68
102.05
103.63

98.77
100.58
100.01
100.64

99.52
101.61
99.60
99.27

98.32
99.97
100.25
101.46

98.48
99.84
100.13
101.55

98.31
99.84
100.30
101.56

1997:1
II
Ill
IV ....

102.82
104.12
105.14
105.94

102.36
102.82
104.47
105.34

104.15
103.76
108.64
109.98

102.22
102.17
103.60
103.67

102.07
102.96
104.10
105.28

106.75
112.18
112.47
114.66

105.07
107.25
110.33
111.43

106.50
109.05
113.18
114.09

107.55
106.46
109.31
110.48

106.13
109.94
114.52
115.32

100.98
102.15
102.30
103.96

107.97
112.09
115.18
115.68

107.43
112.22
116.86
118.35

101.06
102.47
102.91
102.89

98.55
100.90
100.56
99.48

102.55
103.41
104.30
104.91

102.54
103.33
104.78
105.41

102.64
103.99
104.92
105.69

1998:1
II
Ill
IV ....

107.67
108.24
109.25
110.83

106.77
108.36
109.42
110.66

114.35
117.42
118.62
124.26

105.13
106.85
107.49
108.80

106.14
107.39
108.62
109.03

123.24
121.76
124.82
128.26

117.44
120.95
121.55
125.55

121.03
124.54
124.56
129.06

112.03
113.98
112.05
113.64

124.24
128.33
129.09
134.70

107.43
110.91
113.07
115.74

115.23
114.07
113.60
117.92

122.41
126.21
127.81
131.14

102.62
104.13
104.46
105.20

96.96
99.71
99.14
100.08

105.98
106.75
107.61
108.23

106.73
108.06
108.69
110.34

107.45
107.99
108.68
110.35

1999:1
II

111.84
112.36

112.43
113.83

127.95
130.76

111.15
112.05

110.16
111.56

129.41
128.74

128.30
130.37

131.49
133.74

111.96
110.44

138.74
142.47

119.30
120.91

116.27
117.41

135.07
139.69

106.52
106.86

99.97
100.49

110.39
110.64

111.59
112.52

111.39
111.91




SURVEY OF CURRENT BUSINESS

December 1999

•

141

Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases
[Index numbers, 1996=100; quarterly estimates are seasonally adjusted]
Chain-type price indexes

Implicit price

Private fixed investment
Personal consumption expenditures

Year and
quarter

GDP
Total
Total

Durable

goods

Nondurable
goods

Services

Exports aiiu
imports of poods

Nonresidential

Total

Structures

Equipment
and
software

Government •
domestic
purchases

Residential
Exports

Imports

Percent change from
preceding period for chaintype price indexes

Total

Federal

GNP

GDP

GNP

GDP

State
and
local

Gross
domestic
purchases

GNP

1959

22.06

21.87

41.97

24.60

17.09

27.72

32.44

18.48

43.15

18.99

28.74

20.95

17.04

17.86

16.17

21.57

22.03

22.06

22.04

1960
1961
1962
1963
1964

22.37
22.62
22.93
23.18
23.53

22.24
22.47
22.74
23.00
23.32

41.77
41.86
42.05
42.20
42.40

24.95
25.10
25.30
25.59
25.92

17.55
17.87
18.20
18.45
18.79

27.87
27.78
27.81
27.73
27.90

32.59
32.41
32.42
32.43
32.60

18.46
18.35
18.50
18.67
18.94

43.51
43.28
43.08
42.86
42.84

19.12
19.15
19.18
19.02
19.18

29.10
29.51
29.49
29.44
29.64

21.15
21.15
20.90
21.30
21.75

17.24
17.56
18.02
18.45
18.95

17.99
18.27
18.68
19.13
19.77

16.47
16.86
17.39
17.78
18.14

21.87
22.10
22.40
22.67
23.02

22.34
22.59
22.90
23.16
23.51

22.37
22.62
22.93
23.19
23.54

22.35
22.60
22.91
23.16
23.51

1.4
1.1

i.4

1.1
1.5

1.4
1.1
1.3
1.2
1.6

1.4
1.1
1.4
1.1
1.5

1965
1966
1967
1968
1969

23.98
24.66
25.43
26.52
27.81

23.68
24.29
24.90
25.88
27.02

42.03
41.83
42.48
43.89
45.10

26.39
27.26
27:91
28.98
30.32

19.16
19.72
20.31
21.16
22.16

28.39
28.99
29.81
31.02
32.56

32.99
33.49
34.36
35.58
37.06

19.49
20.19
20.82
21.87
23.31

42.91
43.05
44.03
45.24
46.52

19.72
20.44
21.15
22.27
23.81

30.62
31.57
32.82
33.50
34.53

22.06
22.57
22.66
23.00
23.60

19.47
20.27
21.12
22.30
23.62

20.30
20.98
21.62
22.88
24.10

18.65
19.57
20.66
21.77
23.20

23.44
24.10
24.80
25.87
27.11

23.95
24.64
25.40
26.50
27.78

23.98
24.67
25.43
26.53
27.81

23.96
24.64
25.41
26.50
27.78

1.9
2.9
3.1
4.3
4.8

1.8
2.8
2.9
4.3
4.8

1.9
2.9
3.1
4.3
4.8

1970
1971
1972
1973
1974

29.29
30.83
32.18
34.01
36.94

28.30
29.59
30.67
32.37
35.56

46.09
47.77
48.28
48.98
52.08

31.82
32.80
33.90
36.56
41.82

23.35
24.80
25.96
27.22
29.13

33.96
35.69
37.23
39.30
43.18

38.82
40.67
42.08
43.71
47.95

24.83
26.74
28.68
30.91
35.15

48.25
49.73
50.37
51.25
55.08

24.58
26.00
27.58
30.03
33.12

36.03
37.33
38.58
43.90
54.14

25.00
26.53
28.40
33.34
47.70

25.51
27.56
29.65
31.87
34.96

25.97
28.25
30.89
33.08
35.85

25.11
26.96
28.60
30.83
34.13

28.57
30.12
31.50
33.37
36.65

29.26
30.80
32.14
33.98
36.90

29.29
30.83
32.18
34.02
36.96

29.26
30.80
32.15
33.98
36.92

5.3
5.3
4.4
5.7
8.6

5.4
5.4
4.6
5.9
9.8

5.3
5.3
4.4
5.7
8.6

1975
1976
1977
1978
1979

40.37
42.78
45.58
48.74
52.69

38.43
40.68
43.43
46.42
50.39

56.84
59.99
62.61
66.20
70.60

45:09
46.83
49.61
52.93
58.50

31.45
33.88
36.66
39.37
42.33

48.59
51.42
55.46
60.17
65.65

54.55
57.59
61.54
65.69
71.07

39.34
41.25
44.81
49.15
54.87

63.24
67.02
71.02
74.84
79.67

36.20
38.53
42.41
47.61
52.95

59.70
61.76
64.32
68.15
76.25

51.67
53.22
57.92
62.01
72.62

38.41
40.92
43.79
46.59
50.46

39.45
42.14
45.42
48.27
51.98

37.45
39.83
42.41
45.14
49.10

39.99
42.37
45.31
48.49
52.67

40.33
42.74
45.54
48.71
52.66

40.37
42.79
45.59
48.75
52.70

40.34
42.75
45.55
48.71
52.66

9.3
6.0
6.5
6.9
8.1

9.1
6.0
6.9
7.0
8.6

9.3
6.0
6.5
7.0
8.1

1980
1981
1982
1983
1984

57.39
62.71
66.51
69.23
71.80

55.62
60.49
63.79
66.63
69.06

76.54
81.62
84.76
86.38
87.58

65.31
70.37
72.34
73.89
75.64

46.52
51.22
55.28
59.03
62.06

71.83
78.55
82.91
82.81
83.37

77.39
84.93
89.69
88.93
88.83

59.97
68.31
73.76
71.82
72.42

86.58
92.86
96.60
96.91
96.29

58.68
63.47
66.87
68.40
70.37

83.82
89.92
90.23
90.76
91.64

90.45
95.32
92.10
88.65
87.89

55.93
61.42
65.52
68.21
71.74

57.49
63.10
67.56
69.99
74.19

54.51
59.90
63.70
66.58
69.56

58.10
63.36
66.94
69.37
71.78

57.36
62.69
66.50
69.21
71.77

57.38
62.70
66.51
69.24
71.80

57.35
62.68
66.49
69.21
71.77

8.9
9.3
6.1
4.1
3.7

10.3

9.1
5.7
3.6
3.5

8.9
9.3
6.1
4.1
3.7

1985
1986
1987
1988
1989

74.05
75.67
77.84
80.46
83.56

71.42
73.13
75.81
78.73
82.22

88.59
89.69
92.21
93.49
95.14

77.30
77.01
79.66
82.34
86.26

65.06
68.00
70.73
74.11
77.73

84.45
86.51
88.12
90.48
92.76

89.57
91.17
92.01
94.17
96.29

74.11
75.54
76.72
79.98
83.10

96.28
97.92
98.53
99.95
101.45

72.18
75.21
78.29
80.99
83.59

89.16
87.75
89.92
94.66
96.48

85.02
85.01
90.02
94.46
96.87

73.91
75.20
77.31
79.39
81.99

75.71
76.14
77.06
78.85
81.15

72.27
74.28
77.40
79.73
82.56

73.87
75.52
77.94
80.57
83.71

74.02
75.64
77.81
80.44
83.54

74.05
75.66
77.84
80.46
83.56

74.02
75.63
77.81
80.44
83.54

3.1
2.2
2.9
3.4
3.9

2.9
2.2
3.2
3.4
3.9

3.1
2.2
2.9
3.4
3.9

1990
1991
1992
1993
1994

86.84
89.76
91.70
94.17
96.14

86.02
89.03
91.44
93.94
95.86

96:00
97.39
98.28
99.06
100.56

90.98
93.76
95.20
96.15
96.83

81.61
85.03
88.19
91.80
94.43

94.70
96.14
96.07
97.46
98.92

98.23
99.80
99.29
99.81
100.54

85.77
87.32
87.29
90.22
93.50

102.93
104.48
103.75
103.24
102.98

85.54
86.64
87.69
91.24
94.48

97.13
98.20
97.66
97.94
99.07

99.43
98.93
99.09
98.18
99.12

85.27
88.07
90.06
92.48
94.89

83.82
87.19
89.81
92.20
94.53

86.32
88.69
90.21
92.65
95.11

87.14
89.90
91.90
94.24
96.18

86.83
89.76
91.71
94.16
96.13

86.83
89.76
91.70
94.16
96.14

86.81
89.76
91.71
94.16
96.13

3.9
3.4
2.2
2.7
2.1

4.1
3.2
2.2
2.5
2.1

3.9
3.4
2.2
2.7
2.1

1995
1996
1997
1998

98.19
100.00
101.66
102.86

98.01
100.00
101.67
102.63

101.06
100.00
97.79
95.45

97.93
100.00
101.35
101.40

97.44
100.00
102.63
104.78

100.14
100.00
99.95
99.20

100.93
100.00
99.04
97.22

97.39
100.00
104.14
107.37

102.12
100.00
97.37
94.01

97.91
100.00
102.68
105.30

101.38
100.00
98.23
95.95

101.83
100.00
96.45
91.31

97.59
100.00
101.78
103.34

97.22
100.00
101.30
102.38

97.81
100.00
102.06
103.89

98.28
100.00
101.39
102.14

98.19
100.00
101.67
102.87

98.19
100.00
101.66
102.86

98.19
100.00
101.67
102.87

2.1
1.8
1.7
1.2

2.2
1.7
1.4
.7

2.1
1.8
1.7
1.2

1959:1
II
Ill
IV

21.97
22.02
22.08
22.17

21.72
21.79
21.92
22.04

41.82
42.02
42.03
42.01

24.46
24.52
24.65
24.75

16.92
17.00
17.13
17.29

27.58
27.70
27.78
27.82

32.20
32.40
32.55
32.61

18.36
18.47
18.54
18.55

42.79
43.07
43.31
43.41

18.98
18.99
18.99
19.00

28.64
28.60
28.71
29.01

20.91
20.88
20.91
21.10

17.12
17.06
16.96
17.00

18.03
17.91
17.73
17.77

16.14
16.17
16.18
16.21

21.48
21.53
21.59
21.68

21.94
21.99
22.05
22.15

22.01
22.01
22.06
22.16

21.98
21.99
22.04
22.14

.8
1.1
1.7

.8
1.1
1.7

.9
1.1
1.7

1960:1
II
Ill
IV

22.22
22.32
22.42
22.52

22.08
22.20
22.28
22.39

41.92
41.84
41.69
41.62

24.76
24.92
24.99
25.12

17.37
17.48
17.61
17.72

27.86
27.91
27.89
27.81

32.64
32.65
32.62
32.45

18.62
18.51
18.42
18.29

43.38
43.57
43.63
43.46

19.06
19.13
19.13
19.15

29.10
29.06
29.17
29.07

21.08
21.11
21.23
21.17

17.06
17.13
17.30
17.46

17.76
17.82
18.08
18.31

16.36
16.44
16.51
16.57

21.72
21.82
21.92
22.02

22.20
22.29
22.39
22.49

22.26
22.34
22.42
22.48

22.24
22.31
22.39
22.45

.9
1.7
1.8
1.8

.8
1.8
1.8
1.9

.9
1.7
1.8
1.8

1961:1
II
Ill
IV

22.55
22.59
22.64
22.70

22.43
22.43
22.51
22.53

41.62
41.83
42.02
41.97

25.17
25.04
25.10
25.08

17.77
17.84
17.92
17.98

27.79
27.81
27.76
27.76

32.47
32.44
32.35
32.37

18.29
18.33
18.35
18.42

43.51
43.39
43.13
43.08

19.09
19.17
19.17
19.16

29.20
29.59
29.52
29.73

21.19
21.16
21.13
21.12

17.45
17.54
17.57
17.69

18.23
18.27
18.23
18.33

16.66
16.81
16.93
17.06

22.04
22.07
22.12
22.17

22.52
22.56
22.61
22.67

22.54
22.58
22.64
22.72

22.51
22.55
22.62
22.70

.5
.7
.9
1.0

.4
.5
.9
.9

.5
.7
.9
1.0

1962:1

22.83
22.90
22.96
23.03

22.63
22.71
22.77
22.84

41.98
42.07
42.17
42.00

25.18
25.26
25.31
25.44

18.09
18.17
18.24
18.29

27.80
27.83
27.81
27.78

32.41
32.46
32.44
32.39

18.45
18.52
18.49
18.55

43.12
43.13
43.13
42.93

19.19
19.19
19.18
19.15

29.73
29.41
29.39
29.43

20.88
20.92
20.84
20.95

17.89
17.97
18.04
18.19

18.52
18.59
18.70
18.89

17.29
17.37
17.40
17.51

22.29
22.37
22.42
22.50

22.81
22.87
22.93
23.01

22.86
22.90
22.95
23.02

22.84
22.87
22.92
23.00

2.4
1.1
1.1
1.4

2.2
1.3
1.0
1.4

2.4
1.1
1.1
1.4

III
IV

23.12
23.14
23.17
23.31

22.90
22.94
23.04
23.13

42.01
42.13
42.25
42.40

25.49
25.49
25.66
25.72

18.36
18.41
18.47
18.56

27.80
27.75
27.65
27.72

32.44
32.42
32.44
32.44

18.61
18.65
18.70
18.72

42.95
42.85
42.82
42.80

19.16
19.08
18.87
18.99

29.52
29.47
29.38
29.40

21.14
21.23
21.36
21.48

18.35
18.40
18.36
18.67

19.06
19.08
18.97
19.42

17.65
17.75
17.79
17.93

22.59
22.62
22.66
22.80

23.09
23.11
23.14
23.29

23.10
23.13
23.17
23.35

23.07
23.11
23.14
23.32

1.4
.3
.6
2.5

1.6
.5
.7
2.6

1.4
.3
.6
2.5

1964:1
II
Ill
IV

23.39
23.47
23.58
23.69

23.23
23.28
23.35
23.44

42.49
42.42
42.39
42.31

25.85
25.86
25.93
26.02

18.65
18.74
18.84
18.93

27.62
27.87
27.90
28.21

32.44
32.59
32.60
32.78

18.70
18.90
18.93
19.23

42.82
42.86
42.86
42.83

18.82
19.12
19.18
19.59

29.47
29.44
29.67
30.00

21.67
21.78
21.75
21.82

18.79
18.87
19.06
19.10

19.57
19.64
19.94
19.93

18.02
18.10
18.19
18.27

22.89
22.97
23.07
23.17

23.37
23.44
23.56
23.67

23.42
23.47
23.57
23.69

23.39
23.45
23.54
23.66

1.4
1.2
2.0
1.9

1.5
1.4
1.8
1.7

1.4
1.2
2.0
1.9

1965:1
II
Ill
IV

23.80
23.91
24.02
24.18

23.52
23.64
23.74
23.81

42.35
42.16
41.93
41.66

26.12
26.34
26.50
26.59

19.02
19.11
19.21
19.32

28.24
28.29
28.34
28.68

32.84
32.91
33.01
33.18

19.26
19.40
19.45
19.84

42.90
42.87
43.01
42.85

19.58
19.60
19.58
20.13

30.71
30.61
30.64
30.52

21.99
21.90
22.05
22.28

19.24
19.33
19.51
19.82

20.03
20.10
20.30
20.77

18.45
18.56
18.72
18.87

23.26
23.36
23.48
23.65

23.78
23.89
23.99
24.15

23.81
23.92
24.01
24.18

23.79
23.89
23.99
24.15

1.9
1.8
1.8
2.7

1.6
1.8
1.9
2.9

1.9
1.8
1.8
2.6

1966:1
II
Ill
IV

24.32
24.55
24.79
25.00

24.00
24.20
24.39
24.58

41.59
41.73
41.91
42.07

26.92
27.16
27.38
27.58

19.45
19.63
19.80
19.99

28.52
29.03
29.03
29.39

33.12
33.46
33.54
33.85

19.78
20.22
20.25
20.51

42.80
42.94
43.07
43.38

19.84
20.57
20.44
20.89

31.03
31.30
31.69
32.27

22.39
22.63
22.56
22.70

19.93
20.08
20.47
20.59

20.74
20.73
21.23
21.23

19.13
19.45
19.73
19.98

23.77
24.00
24.22
24.41

24.30
24.52
24.76
24.98

24.34
24.53
24.79
25.01

24.31
24.51
24.77
24.98

2.4
3.8
4.0
3.5

2.2
3.8
3.7
3.3

2.4
3.8
4.0
3.5

1967:1
II
Ill
IV

25.12
25.28
25.52
25.80

24.64
24.77
24.99
25.21

41.96
42.17
42.67
43.13

27.64
27.74
28.02
28.23

20.09
20.22
20.37
20.56

29.52
29.66
29.85
30.22

34.03
34.21
34.44
34.77

20.60
20.71
20.85
21.14

43.63
43.87
44.15
44.47

20.93
21.00
21.12
21.53

32.85
32.77
32.73
32.92

22.72
22.63
22.63
22.65

20.74
20.96
21.23
21.55

21.21
21.46
21.71
22.11

20.30
20.52
20.80
21.04

24.51
24.66
24.89
25.16

25.10
25.25
25.49
25.77

25.11
25.27
25.53
25.82

25.08
25.24
25.51
25.79

1.9
2.5
3.8
4.5

1.6
2.5
3.9
4.3

1.9
2.5
3.8
4.5

1968:1
II
Ill
IV

26.09
26.38
26.63
26.99

25.49
25.74
26.00
26.28

43.41
43.67
44.03
44.44

28.53
28.82
29.12
29.44

20.82
21.05
21.27
21.50

30.53
30.83
31.01
31.72

35.03
35.38
35.68
36.24

21.43
21.71
21.89
22.44

44.64
45.03
45.41
45.88

21.89
22.10
22.11
22.98

33.15
33.84
33.40
33.61

22.81
22.98
23.03
23.19

21.85
22.13
22.43
22.80

22.38
22.67
23.06
23.38

21.37
21.63
21.83
22.25

25.45
25.71
25.97
26.33

26.07
26.36
26.60
26.97

26.11
26.38
26.63
26.99

26.08
26.35
26.60
26.97

4.7
4.5
3.8
5.6

4.7
4.2
4.1
5.6

4.7
4.5
3.8
5.6

..

II
III
IV
1963:1

II

See footnotes at the end of the table.




142 • December 1999

SURVEY OF CURRENT BUSINESS
Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continued
[index numbers, 1996=100; quarterly estimates are seasonally adjusted]
Chain-type price indexes

Implicit price
defUtors

Private fixed investment
Personal consumption expenditures

Year and
quarter

GDP
Total
Total

Durable
goods

Nondurable
goods

Services

Exports ana
imports of goods
and services

Nonresidential

Total

Structures

Equipment
and
software

Government1
Gross
domestic
purchases

Residential
Exports

Imports

Percent change f om
preceding period for
type price index es

Total

Federal

GNP

GDP

GNP

GDP

State
and
local

Gross
domestic
purchases

GNP

1969:1
II
Ill
IV

27.25
27.61
28.01
28.36

26.52
26.86
27.19
27.50

44.67
45.00
45.22
45.50

29.69
30.11
30.55
30.93

21.74
22.02
22.30
22.58

32.06
32.40
32.67
33.10

36.51
36.84
37.22
37.68

22.76
23.13
23.44
23.89

46.05
46.28
46.68
47.06

23.42
23.76
23.85
24.21

34.07
34.09
34.57
35.39

23.29
23.39
23.56
24.17

22.95
23.36
23.90
24.28

23.39
23.77
24.44
24.78

22.56
23.00
23.40
23.84

26.56
26.92
27.30
27.65

27.22
27.58
27.98
28.34

27.25
27.61
28.01
28.37

27.23
27.58
27.98
28.34

3.8
5.4
5.9
5.2

3.6
5.5
5.7
5.3

3.8
5.4
5.9
5.2

1970:1
II
Ill
IV

28.75
29.17
29.41
29.81

27.82
28.14
28.43
28.82

45.59
45.76
46.09
46.93

31.35
31.71
31.95
32.25

22.87
23.17
23.49
23.88

33.35
34.10
34.00
34.40

38.08
38.74
38.97
39.50

24.13
24.88
24.95
25.35

47.59
48.03
48.40
48.98

24.19
25.09
24.42
24.62

35.52
36.24
36.11
36.24

24.42
24.70
25.31
25.56

24.90
25.30
25.74
26.12

25.47
25.75
26.18
26.48

24.38
24.90
25.35
25.81

28.04
28.43
28.71
29.11

28.73
29.14
29.38
29.78

28.77
29.17
29.42
29.81

28.74
29.14
29.39
29.78

5.6
5.9
3.4
5.5

5.8
5.7
4.0
5.6

5.6
5.9
3.4
5.5

1971:1
II
Ill
IV

30.28
30.70
31.03
31.30

29.12
29.47
29.79
29.99

47.64
47.99
47.85
47.58

32.36
32.68
32.98
33.19

24.25
24.63
25.02
25.29

35.00
35.52
35.95
36.28

40.05
40.55
40.92
41.17

25.89
26.48
27.06
27.54

49.46
49.78
49.85
49.82

25.28
25.79
26.27
26.68

37.33
37.39
37.17
37.42

26.20
26.29
26.62
27.01

26.86
27.38
27.79
28.22

27.42
28.00
28.47
29.12

26.38
26.83
27.19
27.44

29.56
29.98
30.33
30.60

30.25
30.67
31.00
31.27

30.28
30.70
31.03
31.30

30.25
30.67
31.00
31.27

6.5
5.7
4.3
3.5

6.4
5.7
4.8
3.7

6.5
5.7
4.3
3.5

1972:1
II
Ill
IV

31.77
31.97
32.29
32.68

30.31
30.51
30.79
31.06

48.00
48.28
48.51
48.33

33.54
33.68
33.99
34.38

25.59
25.81
26.09
26.35

36.74
36.97
37.34
37.88

41.66
41.96
42.22
42.47

28.08
28.43
28.82
29.38

50.20
50.40
50.50
50.40

27.05
27.18
27.63
28.47

38.01
38.33
38.51
39.47

27.47
28.19
28.65
29.29

29.03
29.35
29.81
30.41

30.29
30.54
30.98
31.74

27.96
28.34
28.80
29.29

31.06
31.29
31.63
32.01

31.73
31.94
32.26
32.65

31.75
31.96
32.29
32.71

31.72
31.93
32.26
32,67

6.1
2.6
4.1
4.9

6.1
3.0
4.4
4.9

6.1
2.6
4.1
4.9

1973:1
II
ill
IV

33.14
33.69
34.32
34.89

31.47
32.08
32.64
33.28

48.55
48.92
49.15
49.31

35.05
36.06
36.98
38.16

26.63
27.02
27.42
27.79

3825
38.93
39.76
40.26

42.80
43.42
44.08
44.54

29.81
30.45
31.29
32.06

50.60
51.13
51.56
51.70

28.85
29.56
30.57
31.11

40.67
42.54
45.01
47.36

30.16
32.53
34.06
36.60

31.04
31.59
32.14
32.72

32.24
32.72
33.38
33.97

30.00
30.61
31.06
31.64

32.46
33.07
33.67
34.27

33.11
33.66
34.29
34.85

33.12
33.67
34.28
34.98

33.09
33.64
34.24
34.94

5.7
6.8
7.7
6.7

5.7
7.7
7.4
7.3

5.7
6.8
7.7
6.8

35.55
36.31
37.39
38.51

34.20
35.12
36.01
36.89

49.78
50.99
52.96
54.60

39.93
41.29
42.44
43.61

28.26
28.85
29.41
29.99

41.01
42.20
43.87
45.65

45.31
46.75
48.74
50.98

32.91
34.34
35.93
37.44

52.33
53.65
55.83
58.51

31.81
32.56
33.61
34.52

50.65
52.37
55.34
58.19

42.41
47.28
49.73
51.36

33.41
34.33
35.48
36.62

34.43
35.13
36.25
37.59

32.49
33.57
34.73
35.73

35.12
36.09
37.16
38.21

35.51
36.27
37.36
38.48

35.56
36.36
37.41
38.52

35.53
36.32
37.38
38.48

7.8
8.8
12.5
12.5

10.4
11.5
12.4
11.8

7.8
8.8
12.5
12.5

1975:1
||
III
IV

39.39
39.95
40.70
41.43

37.56
38.02
38.73
39.40

55.48
56.56
57.20
58.11

44.27
44.53
45.46
46.11

30.64
31.12
31.71
32.35

47.28
48.40
48.97
49.71

52.98
54.36
55.04
55.81

38.53
39.23
39.56
40.03

61.15
63.00
63.93
64.90

35.40
36.02
36.36
37.02

59.84
59.61
59.47
59.86

52.13
52.27
51.10
51.17

37.39
38.05
38.68
39.51

38.44
38.95
39.66
40.76

36.43
37.20
37.77
38.41

39.04
39.61
40.30
41.01

39.36
39.91
40.66
41.39

39.39
39.95
40.68
41.42

39.36
39.92
40.64
41.39

9.4
5.8
7.7
7.3

8.9
6.0
7.1
7.2

9.5
5.8
7.7
7.3

1976:1
II
Ill
IV

41.92
42.40
43.02
43.79

39.88
40.27
40.94
41.64

58.89
59.56
60.26
61.27

46.28
46.41
47.02
47.62

32.97
33.47
34.18
34.90

50.20
51.08
51.80
52.61

56.46
57.17
57.94
58.80

40.26
40.99
41.59
42.18

65.86
66.50
67.34
68.37

37.23
38.32
38.94
39.63

60.76
61.46
61.84
62.98

52.02
52.80
53.75
54.31

40.06
40.60
41.13
41.89

41.19
41.62
42.33
43.43

39.04
39.64
40.05
40.57

41.50
41.99
42.64
43.37

41.89
42.36
42.98
43.75

41.93
42.39
43.01
43.81

41.89
42.35
42.97
43.77

4.9
4.7
5.9
7.3

4.9
4.8
6.3
7.0

4.9
4.7
6.0
7.3

1977:1
II
Ill
IV

44.52
45.26
45.89
46.65

42.37
43.14
43.79
44.40

61.82
62.15
62.82
63.66

48.48
49.41
49.98
50.56

35.60
36.34
37.05
37.64

53.76
54.79
56.03
57.24

60.03
60.96
62.03
63.12

43.49
44.28
45.27
46.21

69.46
70.44
71.52
72.66

40.57
41.68
43.05
44.35

63.69
64.64
64.32
64.61

56.21
57.78
58.55
59.15

42.77
43.44
43.98
45.00

44.49
45.06
45.34
46.78

41.32
42.05
42.77
43.49

44.19
44.97
45.66
46.43

44.48
45.22
45.85
46.61

44.52
45.26
45.80
46.73

44.48
45.22
45.76
46.69

6.9
6.8
5.7
6.7

7.8
7.3
6.3
6.9

6.9
6.8
5.7
6.7

1978:1
II
Ill
IV

47.40
48.32
49.15
50.11

45.11
46.04
46.84
47.67

64.63
65.62
66.68
67.85

51.28
52.53
53.47
54.43

38.30
39.04
39.72
40.42

58.34
59.58
60.76
62.00

64.02
65.13
66.23
67.40

47.21
48.53
49.74
51.10

73.44
74.35
75.31
76.27

45.66
47.02
48.24
49.51

65.87
67.47
68.52
70.74

60.15
61.60
62.61
63.70

45.56
46.19
46.88
47.72

47.30
47.75
48.43
49.61

44.08
44.83
45.52
46.13

47.17
48.08
48.91
49.81

47.36
48.28
49.11
50.08

47.41
48.30
49.11
50.08

47.36
48.26
49.08
50.05

6.6
8.0
7.1
8.0

6.5
8.0
7.1
7.5

6.6
8.0
7.1
8.1

1979:1
II
Ill
IV

51.07
52.20
53.23
54.27

48.64
49.79
50.96
52.17

68.98
70.19
70.99
72.25

55.90
57.70
59.44
60.99

41.06
41.81
42.71
43.72

63.29
64.93
66.51
67.86

68.84
70.37
71.86
73.20

52.54
54.13
55.81
57.00

77.64
79.05
80.31
81.69

50.48
52.22
53.89
55.20

72.81
75.75
77.52
78.93

66.18
69.62
74.84
79.84

48.66
49.65
51.03
52.50

50.31
51.16
52.16
54.30

47.23
48.31
49.94
50.93

50.82
52.00
53.28
54.57

51.04
52.17
53.20
54.24

51.03
52.17
53.25
54.30

51.00
52.14
53.22
54.27

7.9
9.2
8.1
8.0

8.3
9.7
10.2
10.0

7.9
9.2
8.2
8.0

1980:1
II
Hi
IV

55.44
56.68
57.94
59.48

53.70
55.01
56.26
57.52

74.30
75.96
77.30
78.62

63.18
64.65
66.00
67.43

44.78
45.94
47.11
48.25

69.45
71.07
72.61
74.20

74.85
76.60
78.24
79.89

57.99
59.18
60.43
62.30

83.76
85.86
87.69
89.02

56.65
57.98
59.31
60.77

81.19
82.26
84.52
87.32

86.47
89.61
92.09
93.64

53.74
55.15
56.39
58.43

55.29
56.63
57.56
60.48

52.34
53.80
55.26
56.65

56.05
57.44
58.72
60.18

55.41
56.66
57.92
59.46

55.47
56.68
57.92
59.45

55.44
56.65
57.89
59.42

8.9
9.3
9.2
11.0

11.3
10.3
9.2
10.3

9.0
9.3
9.2
11.1

1981:1
II
III
IV

61.02
62.10
63.29
64.42

58.98
59.97
61.03
61.98

79.62
81.15
82.33
83.37

69.33
70.09
70.75
71.30

49.52
50.56
51.82
52.97

76.21
77.93
79.25
80.82

82.19
84.23
85.76
87.56

65.03
67.31
69.24
71.65

90.76
92.46
93.55
94.67

62.10
63.08
63.88
64.82

89.51
89.84
90.02
90.31

96.11
96.67
94.15
94.36

59.90
60.96
61.68
63.16

61.50
62.43
63.10
65.36

58.43
59.59
60.35
61.22

61.74
62.84
63.86
64.99

61.00
62.08
63.27
64.40

61.01
62.11
63.29
64.42

60.99
62.08
63.27
64.40

10.7
7.3
7.9
7.3

10.8
7.3
6.6
7.2

10.8
7.3
7.9
7.3

1982:1
II
III
IV

65.26
66.09
67.00
67.71

62.67
63.28
64.25
64.96

84.08
84.74
84.99
85.22

71.74
71.86
72.79
72.97

53.81
54.68
55.78
56.85

81.85
82.88
83.38
83.51

88.63
89.70
90.17
90.25

73.18
73.93
74.14
73.78

95.20
96.46
97.13
97.59

65.77
66.75
67.31
67.63

90.70
90.64
90.02
89.55

94.05
92.42
91.32
90.62

64.22
65.11
65.90
66.86

66.43
67.18
67.75
68.86

62.26
63.26
64.23
65.05

65.79
66.51
67.39
68.07

65.25
66.07
66.98
67.68

65.25
66.08
67.00
67.72

65.24
66.06
66.98
67.70

5.4
5.2
5.6
4.3

5.0
4.5
5.4
4.1

5.4
5.1
5.6
4.3

1983:1
II
III
IV

68.31
68.95
69.54
70.14

65.54
66.33
67.03
67.61

85.82
86.11
86.53
87.07

72.94
73.81
74.35
74.46

57.78
58.61
59.44
60.30

83.06
82.75
82.65
82.77

89.50
88.98
88.68
88.56

72.50
71.74
71.57
71.46

97.35
97.06
96.67
96.55

67.96
68.12
68.46
69.07

90.00
90.36
90.89
91.80

88.71
88.71
88.88
88.31

67.33
67.95
68.56
68.99

69.30
69.80
70.33
70.55

65.56
66.28
66.95
67.55

68.51
69.12
69.68
70.17

68.29
68.92
69.52
70.11

68.27
68.92
69.54
70.16

68.25
68.89
69.51
70.13

3.6
3.8
3.5
3.5

2.6
3.6
3.3
2.8

3.6
3.8
3.5
3.5

1984:1
II
Ill
IV

70.96
71.54
72.10
72.60

68.26
68.84
69.33
69.82

87.04
87.59
87.75
87.93

75.30
75.47
75.72
76.05

60.95
61.76
62.46
63.09

82.88
83.28
83.54
83.77

88.54
88.85
88.93
89.01

71.55
72.26
72.71
73.14

96.44
96.44
96.23
96.05

69.48
70.03
70.71
71.25

91.88
92.49
91.57
90.61

88.58
89.07
87.49
86.41

70.84
71.48
72.04
72.60

73.42
73.98
74.44
74.91

68.55
69.25
69.90
70.53

71.00
71.57
72.04
72.49

70.94
71.51
72.08
72.57

70.96
71.52
72.09
72.60

70.93
71.50
72.06
72.57

4.8
3.3
3.2
2.8

4.8
3.3
2.7
2.5

4.8
3.3
3.2
2.8

1985:1
II
Ill
IV

73.36
73.85
74.23
74.75

70.52
71.18
71.65
72.33

88.40
88.65
88.54
88.77

76.63
77.16
77.40
78.01

63.90
64.70
65.42
66.22

84.05
84.16
84.54
85.05

89.25
89.34
89.68
90.03

73.68
73.86
74.25
74.67

96.05
96.07
96.35
96.64

71.61
71.77
72.26
73.09

89.71
89.52
88.80
88.62

84.36
84.72
84.66
86.34

73.33
73.71
73.95
74.65

75.56
75.60
75.47
76.21

71.32
71.98
72.55
73.22

73.12
73.63
74.04
74.69

73.33
73.82
74.20
74.72

73.36
73.85
74.20
74.74

73.33
73.82
74.18
74.72

4.3
2.7
2.1
2.8

3.5
2.8
2.2
3.6

4.3
2.7
2.1
2.8

1986:1
II
Ill
IV

75.04
75.39
75.85
76.38

72.73
72.75
73.27
73.79

88.81
89.30
90.08
90.55

77.80
76.44
76.76
77.04

67.02
67.72
68.30
68.96

85.45
86.13
86.95
87.52

90.20
90.86
91.60
92.00

74.97
75.37
75.71
76.10

96.73
97.54
98.51
98.90

73.97
74.68
75.65
76.53

88.10
87.70
87.26
87.95

86.52
83.82
84.36
85.33

74.75
74.92
75.26
75.87

76.06
76.14
76.12
76.25

73.52
73.76
74.41
75.45

75.02
75.16
75.68
76.23

75.01
75.36
75.82
76.35

75.03
75.40
75.84
76.33

75.00
75.37
75.81
76.31

1.6
1.9
2.5
2.8

1.8
.7
2.8
2.9

1.6
1.9
2.5
2.8

1987:1
II
III
IV

77.02
77.54
78.09
78.71

74.72
75.47
76.17
76.90

91.31
91.96
92.62
92.95

78.55
79.36
80.10
80.65

69.61
70.34
71.03
71.95

87.75
87.90
88.06
88.79

91.94
91.86
91.76
92.50

76.12
76.41
76.80
77.55

98.78
98.48
98.08
98.78

77.34
77.93
78.59
79.30

88.35
89.70
90.01
91.60

87.54
89.77
90.67
92.10

76.58
77.10
77.64
77.90

76.86
77.00
77.18
77.22

76.24
77.07
77.93
78.37

77.02
77.64
78.23
78.86

77.00
77.52
78.06
78.68

76.99
77.54
78.09
78.70

76.97
77.51
78.07
78.67

3.4
2.7
2.8
3.2

4.2
3.3
3.1
3.2

3.4
2.7
2.9
3.2

1988:1
II
Ill
IV

79.23
80.03
80.97
81.61

77.40
78.28
79.23
80.02

92.69
93.15
93.76
94.36

81.00
81.88
82.89
83.59

72.67
73.64
74.62
75.50

89.59
90.18
90.61
91.52

93.34
93.86
94.26
95.23

78.77
79.60
80.36
81.21

99.37
99.69
99.87
100.88

80.01
80.73
81.23
81.99

92.60
94.57
95.79
95.66

93.41
95.14
94.19
95.10

78.58
79.27
79.69
80.01

78.25
78.90
79.08
79.17

78.76
79.47
80.09
80.59

79.42
80.22
80.97
81.69

79.21
80.01
80.95
81.59

79.22
80.03
80.96
81.59

79.20
80.01
80.94
81.57

2.7
4.1
4.8
3.2

2.9
4.1
3.8
3.6

2.7
4.1
4.8
3.2

1974:1
II
Ill
IV

..

See footnotes at the end of the table.




December 1999

SURVEY OF CURRENT BUSINESS

•

143

Table 3.—Price Indexes for Gross Domestic Product and Gross Domestic Purchases—Continued
[Index numbers, 1996=100; quarterly estimates are seasonally adjusted]
Chain-type price indexes

Implic t price
deflcitors

Private fixed investment
Year and
quarter

GDP
Total
Total

Durable
goods

Nondurable
goods

Services

Exports ana
imports of goods
and services

Nonresidential

Personal consumption expenditures

Total

Structures

Equipment
and
software

Government
Gross
domestic
purchases

Residential
Exports

Imports

Percent change f ram
preceding period for chain*
type price indexes

Total

Federal

GNP

GDP

GNP

GDP

State
and
local

Gross
domestic
purchases

GNP

1989:1
II
III ....
IV ....

82.47
83.30
83.92
84.56

80.94
82.03
82.56
83.36

94.83
94.93
95.24
95.55

84.60
86.56
86.67
87.23

76.46
77.28
78.07
79.11

92.00
92.58
92.97
93.48

95.66
96.03
96.47
96.99

81.92
82.87
83.49
84.12

101.14
101.18
101.52
101.95

82.58
8358
83i86
84.36

96.69
96.88
96.31
96.04

96.74
97.86
96.20
96.67

81.22
81.77
82.25
82.72

80.71
80.99
81.46
81.44

81.53
82.30
82.79
83.65

82.61
83.51
84.01
84.71

82.45
83.28
83.90
84.54

82.47
83.30
83.92
84.56

82.45
83.28
83.90
84.54

4.3
4.1
3.0
3.1

4.6
4.5
2.4
3.4

4.3
4.1
3.0
3.1

1990:1
II
Ill ....
IV ....

85.53
86.51
87.31
88.03

84.50
85.40
86.51
87.68

95.99
95.90
95.92
96.20

89.16
89.84
91.46
93.45

79.97
81.17
82.20
83.10

94.02
94.32
94.93
95.52

97.47
97.76
98.45
99.22

84.85
85.44
86.13
86.66

102.29
102.39
103.07
103.95

85.05
85.40
85.79
85.93

96.11
96.41
97.29
98.70

98.02
96.22
98.98
104.49

84.00
84.72
85.52
86.84

82.61
83.32
83.91
85.44

85.00
85.74
86.70
87.85

85.79
86.57
87.54
88.65

85.52
86.49
87.29
88.02

85.52
86.50
87.30
88.01

85.51
86.47
87.28
88.00

4.7
4.7
3.7
3.3

5.2
3.7
4.6
5.1

4.7
4.6
3.8
3.4

1991:1
II
III
IV

88.98
89.54
90.05
90.46

88.24
88.73
89.24
89.91

97.07
97.21
97.54
97.73

93.29
93.59
93.84
94.31

83.99
84.64
85.32
86.16

96.24
96.23
96.20
95.89

100.10
99.96
99.72
99.42

87.46
87.59
87.55
86.70

104.86
104.59
104.25
104.22

86.17
86.54
87.08
86.75

98.94
98.38
97.67
97.80

101.24
98.55
97.44
98.49

87.54
87.75
88.29
88.72

86.58
86.77
87.42
87.99

88.21
88.43
88.90
89.22

89.27
89.63
90.09
90.59

88.97
89.54
90.05
90.47

88.97
89.54
90.06
90.46

88.96
89.53
90.05
90.47

4.4
2.6
2.3
1.8

2.9
1.6
2.1
2.2

4.4
2.6
2.3
1.9

1992:1
II
III
"IV

91.04
91.51
91.82
92.44

90.57
91.14
91.65
92.40

97.93
98.28
98.37
98.55

94.51
94.94
95.53
95.82

87.14
87.83
88.36
89.44

95.81
95.92
96.12
96.42

99.41
99.25
99.27
99.22

86.63
87.01
87.41
88.11

104.24
103.82
103.67
103.29

86.48
87.29
87.91
89.06

97.62
97.70
97.73
97.59

97.96
98.59
100.13
99.67

89.29
89.95
90.38
90.64

89.06
89.74
90.34
90.11

89.42
90.07
90.37
90.99

91.13
91.66
92.11
92.70

91.04
91.53
91.83
92.44

91.03
91.51
91.81
92.43

91.04
91.52
91.82
92.44

2.6
2.1
1.3
2.7

2.4
2.3
2.0
2.6

2.6
2.1
1.3
2.7

1993:1
II
III
IV

93.35
93.93
94.41
94.97

93.09
93.76
94.15
94.77

98.44
98.88
99.27
99.65

96.14
96.13
95.93
96.38

90.48
91.53
92.22
92.96

97.00
97.37
97.64
97.82

99.63
99.80
99.85
99.94

88.99
89.84
90.61
91.43

103.50
103.37
103.14
102.93

90.08
90.93
91.76
92.17

97.76
98.06
97.98
97.96

98.16
98.86
97.98
97.74

91.64
92.25
92.75
93.28

91.26
91.81
92.63
93.10

91.88
92.53
92.81
93.39

93.44
94.06
94.45
94.99

93.35
93.93
94.40
94.97

93.34
93.92
94.39
94.98

93.34
93.91
94.39
94.97

4.0
2.5
2.0
2.4

3.3
2.7
1.7
2.3

4.0
2.5
2.0
2.4

1994:1
II
Ill ....
IV ....

95.42
95.85
96.41
96.85

94.99
95.48
96.29
96.70

99.88
100.36
101.00
101.00

96.21
96.45
97.26
97.40

93.38
94.01
94.85
95.48

98.35
98.74
99.16
99.41

100.24
100.56
100.74
100.60

92.15
92.81
93.86
95.17

103.08
103.26
103.12
102.46

93.25
93.80
94.81
96.05

98.31
98.71
99.30
99.96

97.24
98.51
100.12
100.60

93.95
94.71
95.16
95.74

93.65
94.64
94.57
95.24

94.13
94.73
95.53
96.04

95.34
95.86
96.54
96.96

95.43
95.86
96.41
96.85

95.42
95.85
96.41
96.85

95.42
95.85
96.40
96.85

1.9
1.8
2.4
1.8

1.5
2.2
2.8
1.8

1.9
1.8
2.3
1.8

1995:1
II
III ....
IV ....

97.56
97.96
98.39
98.86

97.29
97.83
98.26
98.65

101.36
101.22
100.94
100.72

97.46
97.83
98.10
98.31

96.39
97.15
97.80
98.40

99.84
100.20
100.27
100.25

100.75
101.09
101.04
100.82

96.35
97.06
97.79
98.38

102.25
102.45
102.14
101.64

97.23
97.69
98.09
98.62

101.03
101.83
101.57
101.08

101.05
102.84
102.15
101.28

96.71
97.26
97.72
98.66

96.19
96.53
97.13
99.05

97.03
97.71
98.08
98.42

97.60
98.12
98.49
98.91

97.56
97.95
98.39
98.86

97.55
97.95
98.38
98.85

97.55
97.95
98.38
98.85

2.9
1.6
1.8
1.9

2.7
2.1
1.5
1.7

3.0
1.6
1.8
1.9

1996:1
||
Ill
IV

99.46
99.77
100.21
100.56

99.24
99.82
100.16
100.78

100.78
100.13
99.77
99.32

99.09
99.98
100.02
100.92

99.00
99.68
100.31
101.01

100.04
99.84
100.08
100.05

100.40
99.97
99.92
99.71

98.87
99.42
100.44
101.28

100.91
100.16
99.74
99.19

99.00
99.44
100.53
101.03

100.89
100.55
99.79
98.77

100.87
100.42
99.28
99.43

99.87
99.49
100.09
100.55

100.28
99.46
99.93
100.34

99.62
99.52
100.19
100.68

99.48
99.77
100.14
100.62

99.46
99.77
100.21
100.56

99.45
99.77
100.20
100.55

99.45
99.77
100.20
100.56

2.5
1.3
1.8
1.4

2.3
1.2
1.5
1.9

2.5
1.3
1.8
1.4

1997:1
II
Ill
IV

101.14
101.53
101.83
102.15

101.30
101.51
101.78
102.08

99.05
98.12
97.31
96.70

101.34
101.17
101.32
101.55

101.75
102.38
102.94
103.46

100.00
99.92
100.03
99.86

99.45
99.17
98.98
98.56

102.34
103.50
104.85
105.86

98.49
97.74
97.06
96.18

101.60
102.14
103.18
103.80

98.47
98.50
98.18
97.76

98.27
96.43
95.85
95.24

101.31
101.47
101.84
102.49

101.20
101.24
101.18
101.57

101.38
101.62
102.22
103.03

101.09
101.23
101.48
101.76

101.15
101.53
101.84
102.15

101.15
101.53
101.82
102.12

101.16
101.54
101.83
102.13

2.4
1.5
1.2
1.3

1.9
.6
1.0
1.1

2.4
1.5
1.2
1.2

1998:1
II .. .
Ill
IV

102.41
102.70
103.06
103.28

102.19
102.48
102.78
103.08

96.32
95.83
95.29
94.34

101.20
101.15
101.46
101.78

103.93
104.56
105.04
105.60

99.38
99.15
99.16
99.11

97.90
97.36
97.03
96.60

106.11
106.85
107.79
108.73

95.25
94.34
93.64
92.81

103.88
104.64
105.76
106.93

96.72
96.27
95.57
95.25

92.57
91.63
90.55
90.48

102.73
103.10
103.60
103.94

102.07
102.30
102.41
102.76

103.11
103.56
104.27
104.62

101.79
101.99
102.26
102.51

102.42
102.71
103.06
103.29

102.35
102.68
103.07
103.33

102.36
102.69
103.07
103.34

1.0
1.1
1.4
.9

.1
.8
1.1
1.0

1.1
1.1
1.4
.9

1999:1
II

103.79
104.13

103.44
104.01

93.67
93.22

102.19
103.47

106.19
106.63

99.19
99.17

96.38
96.04

109.07
109.67

92.44
91.86

107.97
108.93

95.13
95.30

89.81
90.96

104.93
105.69

104.89
105.13

104.98
106.02

102.92
103.40

103.79
104.14

103.83
104.19

103.84
104.19

2.0
1.3

1.6
1.9

2.0
1.3

1. Government consumption expenditures and gross investment.
GDP Gross domestic product
GNP Gross national product




144

SURVEY OF CURRENT BUSINESS

• December 1999

Table 4.—National Income and Disposition of Personal Income
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter

National

income

Total

Wage
and
salary
accruals

Supplements to
and
salaries

Proprietors' income
with
IVA and
WIUI IVrt dilU
CCAdj.
Farm

Nonfarm

Rental
income
of
persons
with
CCAdj.

Corporate profits with IVA and CCAdj.

Less*
Total

IVA

CCAdj.

Profits
before
tax

Profits
after tax

Net
interest

Personal
income

Personal
tax and
nontax
payments

Equals:
DPI

Less:
Personal
outlays

Equals:
Personal
saving

Saving
as a
percentage of
DPI

Real
DPI 1

1959

411.5

281.0

259.8

21.2

10.9

40.9

15.2

53.7

-0.3

0.3

53.7

30.0

9.7

394.0

42.8

351.2

324.7

26.5

7.6

1,606.3

1960
1961
1962
1963
1964

427.5
442.5
477.1
504.3
542.0

296.4
305.3
327.2
345.3
370.7

272.8
280.5
299.3
314.8
337.7

23.6
24.8
27.9
30.4
33.0

11.4
12.1
12.1
11.9
10.8

40.4
42.3
44.4
45.8
49.9

16.2
16.9
17.8
18.5
18.6

52.3
53.4
61.5
67.6
74.7

-.2
.3
0
.1
-.5

.9
1.7
4.6
5.6
6.3

51.5
51.5
56.9
61.9
68.9

28.8
28.7
32.9
35.7
40.9

10.7
12.4
14.1
15.2
17.3

412.7
430.3
457.9
481.0
515.8

46.6
47.9
52.3
55.3
52.8

366.2
382.4
405.6
425.8
463.0

339.8
350.5
372.2
392.7
422.4

26.4
31.9
33.5
33.1
40.5

7.2
8.3
8.3
7.8
8.8

1,646.8
1,701.5
1,783.9
1,851.1
1,984.8

1965
1966
1967
1968
1969

589.5
646.6
681.5
743.4
802.4

399.5
442.6
475.2
524.3
577.6

363.7
400.3
428.9
471.9
518.3

35.8
42.4
46.2
52.4
59.4

13.1
14.1
12.8
12.8
14.2

52.2
55.5
58.4
62.6
64.7

19.2
19.9
20.4
20.2
20.3

85.9
91.8
89.4
96.3
93.4

-1.2
-2.1
-1.6
-3.7
-6.9

7.1
7.5
7.7
7.8
8.3

80.0
86.5
83.3
92.2
91.1

49.1
52.8
50.6
52.8
51.4

19.7
22.6
25.4
27.2
32.2

557.4
606.4
650.4
714.5
780.8

58.4
67.3
74.2
88.3
105.9

498.9
539.1
576.2
626.2
675.0

456.2
494.6
522.3
573.6
622.3

42.7
44.5
54.0
52.7
52.6

8.6
8.3
9.4
8.4
7.8

2,107.2
2,219.1
2,313.8
2,420.0
2,498.0

1970
1971
1972
1973
1974

837.1
903.5
1,000.0
1,127.0
1,211.5

617.2
658.8
725.1
811.2
890.2

551.5
584.5
638.7
708.6
772.2

65.7
74.4
86.5
102.6
118.0

14.3
14.9
18.8
30.7
25.2

65.5
71.2
78.9
84.5
90.3

20.3
21.2
21.6
23.1
23.0

81.3
94.8
109.4
123.5
114.0

-6.6
-4.6
-6.6
-19.6
-38.2

7.3
6.9
8.7
8.9
5.5

80.6
92.4
107.3
134.2
146.8

46.2
54.7
65.5
84.9
95.0

38.4
42.6
46.2
53.9
68.8

841.1
905.1
994.3
1,113.4
1,225.6

104.6
103.4
125.6
134.5
153.3

736.5
801.7
868.6
979.0
1,072.3

667.0
721.6
791.7
876.5
957.9

69.5
80.1
76.9
102.5
114.3

9.4

2,602.2
2,709.2
2,832.3
3,024.2
3,015.7

1975
1976
1977
1978
1979

1,301.8
1,455.9
1,635.4
1,859.8
2,075.0

949.0
1,059.3
1,180.4
1,336.0
1,500.8

814.7
899.6
994.0
1,121.0
1,255.6

134.4
159.7
186.4
215.0
245.2

23.5
18.7
17.5
21.5
23.7

98.1
115.6
130.8
148.5
160.0

22.0
21.5
20.4
22.4
24.5

132.5
160.1
190.5
216.8
221.9

-10.5
-14.1
-15.7
-23.7
-40.1

-1.7
-4.4
-2.8
-4.4
-8.0

144.8
178.6
209.0
244.9
270.1

93.9
114.4
136.0
161.4
182.1

76.6
80.8
95.7
114.5
144.2

1,331.7
1,475.4
1,637.1
1,848.3
2,081.5

150.3
175.5
201.2
233.5
273.3

1,181.4
1,299.9
1,436.0
1,614.8
1,808.2

1,056.2
1,177.8
1,310.4
1,469.4
1,642.4

125.2
122.1
125.6
145.4
165.8

10.6

1980
1981
1982
1983
1984

2,242.1
2,496.1
2,601.9
2,795.4
3,161.2

1,651.7
1,825.7
1,926.0
2,042.7
2,255.9

1,377.4
1,517.3
1,593.4
1,684.3
1,854.8

274.3
308.5
332.6
358.5
401.1

13.1
20.3
14.4

31.3
39.6
39.6
36.9
39.5

197.7
218.0
200.2
253.0
308.7

-42.1
-54.6
-7.5
-7.4
-4.0

-11.6
12.2
29.1
46.6

251.4
240.9
195.5
231.4
266.0

166.6
159.8
132.4
154.1
172.0

183.9
226.5
256.3
267.2
309.6

2,323.9
2,599.4
2,768.4
2,946.9
3,274.8

304.2
351.5
361.6
360.9
387.2

2,019.8
2,247.9
2,406.8
2,586.0
2,887.6

1,814.1
2,004.2
2,144.6
2,358.2
2,581.1

205.6
243.7
262.2
227.8
306.5

10.2
10.8
10.9

21.6

164.5
165.9
165.4
188.3
225.9

10.6

3,631.0
3,715.6
3,773.4
3,881.4
4,181.0

1985
1986
1987
1988
1989

3,379.2
3,524.5
3,802.0
4,149.6
4,390.6

2,425.2
2,570.7
2,755.6
2,973.8
3,151.0

1,995.2
2,114.4
2,270.2
2,452.7
2,596.8

430.0
456.3
485.4
521.1
554.2

21.5
23.0
29.0
26.0
* 32.2

245.5
255.6
274.8
312.7
329.6

39.1
32.2
35.8
44.1
40.5

321.3
299.5
345.3
403.5
394.2

0
7.1
-16.2
-22.2
-16.3

66.0
49.0
46.9
43.8
33.9

255.2
243.4
314.6
381.9
376.7

158.7
136.9
187.5
244.8
235.3

326.7
343.6
361.5
389.4
443.1

3,515.0
3,712.4
3,962.5
4,272.1
4,599.8

428.5
449.9
503.0
519.7
583.5

3,086.5
3,262.5
3,459.5
3,752.4
4,016.3

2,803.9
2,994.7
3,206.7
3,460.1
3,714.4

282.6
267.8
252.8
292.3
301.8

9.2
8.2
7.3
7.8
7.5

4,321.8
4,461.2
4,563.1
4,766.0
4,885.0

1990
1991
1992
1993
1994

4,640.9
4,755.5
4,993.7
5,251.1
5,556.1

3,351.0
3,454.9
3,644.8
3,814.4
4,016.2

2,754.6
2,824.2
2,966.8
3,091.6
3,254.3

596.4
630.7
677.9
722.8
761.9

31.1
26.4
32.7
30.1
31.9

349.9
357.8
401.7
431.7
444.6

49.1
56.4
63.3
90.9
110.3

407.4
430.2
451.9
509.7
572.5

-12.9

18.8

4.9

9.1
3.1
3.3
11.5

401.5
416.1
451.6
510.4
573.4

260.9
282.6
308.4
345.0
386.7

452.4
429.8
399.5
374.3
380.5

4,903.2
5,085.4
5,390.4
5,610.0
5,888.0

609.6
610.5
635.8
674.6
722.6

4,293.6
4,474.8
4,754.6
4,935.3
5,165.4

3,959.3
4,103.2
4,340.9
4,584.5
4,849.9

334.3
371.7
413.7
350.8
315.5

7.8
8.3
8.7
7.1
6.1

4,991.3
5,026.2
5,199.8
5,253.6
5,388.3

1995
1996
1997
1998

5,876.2
6,210.2
6,634.9
7,036.4

4,202.5
4,395.6
4,675.7
5,011.2

3,441.1
3,630.1
3,884.7
4,189.5

761.4
765.4
791.0
821.7

22.2
34.3
29.5
25.1

475.5
510.5
549.1
581.0

117.9
129.7
130.2
137.4

668.3
753.9
837.9
846.1

18.1
24.4
34.6
43.3

668.5
726.3
795.9
781.9

457.5
502.7
557.6
541.7

389.8
386.3
412.5
435.7

6,200.9
6,547.4
6,951.1
7,358.9

778.3
869.7
968.3
1,072.6

5,422.6
5,677.7
5,982.8
6,286.2

5,120.2
5,405.6
5,711.7
6,056.6

302.4
272.1
271.1
229.7

5.6
4.8
4.5
3.7

5,533.0
5,677.7
5,884.7
6,125.1

402.3
416.0
411.5
416.0

274.4
281.7
282.4
285.7

254.0
260.5
260.9
263.9

20.5
21.1
21.5
21.8

11.7
10.8
10.3
10.9

39.9
41.1
41.4
41.0

14.6
15.1
15.5
15.7

52.3
57.6
52.3
52.6

-.3
.8

-.4
.5
.4
.6

53.3
58.1
52.2
51.1

29.8
32.5
29.2
28.6

9.4
9.7
9.8
10.1

384.8
393.7
395.9
401.6

41.2
42.4
43.1
44.2

343.6
351.3
352.8
357.4

316.6
322.9
328.4
330.9

26.9
28.4
24.3
26.5

7.8
8.1
6.9
7.4

1,582.2
1,612.0
1,609.4
1,621.5

428.0
427.7
428.1
426.3

294.1
296.9
297.7
297.1

270.7
273.4
273.9
273.3

23.4
23.6
23.7
23.8

10.3
11.3
11.8
12.4

40.8
40.6
40.2
40.1

16.0
16.1
16.3
16.5

56.5
52.4
51.3
49.0

-.9
-.6
.5
.3

.9
.9
1.0
1.1

56.5
52.1
49.8
47.7

31.5
29.2
27.9
26.9

10.4
10.3
10.8
11.2

407.8
412.4
414.6
416.2

45.8
46.5
47.0
47.0

362.0
365.9
367.6
369.2

334.6
340.7
340.9
343.0

27.4
25.2
26.7
26.3

7.6
6.9
7.3
7.1

1,639.7
1,648.6
1,649.8
1,649.2

427.9
437.2
446.0
458.8

298.0
302.2
307.2
313.9

273.7
277.6
2822
288.4

24.3
24.6
25.0
25.5

12.3
11.5
11.9
12.6

41.2
42.0
42.6
43.3

16.7
16.8
17.0
17.3

48.1
52.4
54.6
58.5

-.1
1.0
.3
-.2

1.4
1.8
1.8
1.8

46.8
49.6
52.6
56.9

26.2
27.7
29.3
31.6

11.6
12.2
12.6
13.3

420.0
425.9
433.1
442.0

47.1
47.6
48.1
48.8

372.9
378.4
385.1
393.2

343.5
348.4
351.4
358.8

29.5
30.0
33.7
34.4

7.9
7.9
8.7
8.8

1,662.7
1,687.1
1,710.8
1,745.3

IV ....

467.7
474.4
479.7
486.5

320.4
326.4
329.2
332.7

293.2
298.7
301.1
304.2

27.2
27.7
28.1
28.5

12.2
11.8
11.9
12.3

43.7
44.3
44.8
44.7

17.5
17.7
18.0
18.1

60.9
60.1
61.4
63.7

.4
-.1
-.8
.5

4.4
4.5
4.7
4.8

56.0
55.7
57.5
58.4

32.2
32.2
33.2
34.0

13.0
14.0
14.5
15.0

448.0
455.8
461.0
466.7

50.1
51.6
53.0
54.3

397.9
404.2
408.0
412.4

364.0
369.9
374.1
380.6

33.9
34.3
33.9
31.8

8.5
8.5
8.3
7.7

1,758.5
1,779.7
1,791.7
1,805.7

1963:1
II
Ill
IV ....

491.4
500.2
508.0
517.6

337.5
342.4
347.5
353.6

307.9
312.3
316.8
322.2

29.6
30.1
30.7
31.4

12.1
11.7
11.7
12.3

44.9
45.4
46.1
47.0

18.3
18.5
18.6
18.6

63.9
67.4
68.7
70.3

1.0
.2
-.2
-.8

4.9
5.6
5.7
6.1

58.0
61.6
63.2
64.9

33.6
35.5
36.4
37.4

14.7
14.9
15.4
15.9

471.4
476.3
483.6
492.9

54.8
55.0
55.3
55.9

416.6
421.3
428.3
437.0

384.5
388.8
396.2
401.1

32.1
32.5
32.1
35.8

7.7
7.7
7.5
8.2

1,818.9
1,837.1
1,858.8
1,889.7

1964:1
II

529.0
537.2
547.6
554.3

360.0
367.4
374.7
380.7

328.2
334.8
341.4
346.7

31.9
32.6
33.3
34.0

10.8
10.1
10.4
11.8

48.5
49.8
50.6
50.6

18.6
18.5
18.6
18.6

74.5
74.4
75.5
74.6

-.2

6.4
6.2
6.4
6.2

68.4
68.3
70.0
69.0

40.6
40.5
41.6
41.1

16.5
17.1
17.8
18.0

502.0
510.8
520.7
529.7

54.5
50.5
52.4
54.0

447.5
460.3
468.3
475.7

410.8
419.1
428.4
431.3

36.7
41.2
39.9
44.4

8.2
8.9
8.5
9.3

1,926.4
1,977.5
2,005.5
2,029.9

III
IV ....

570.8
582.0
593.5
611.5

387.3
394.2
402.3
414.2

352.8
358.8
366.2
377.1

34.6
35.3
36.2
37.1

12.0
12.8
13.3
14.0

51.0
51.7
52.3
53.7

18.9
19.1
19.4
19.4

82.6
84.7
86.0
90.1

-1.1
-1.5
-1.9

6.8
7.1
7.5
7.2

76.2
78.8
80.0
84.8

46.8
48.5
49.1
51.9

19.0
19.5
20.1
20.1

539.6
549.2
563.6
577.1

57.7
59.2
57.8
59.1

481.9
490.1
505.8
518.0

442.2
449.8
459.3
473.6

39.6
40,3
46.5
44.5

8.2
8.2
9.2
8.6

2,048.8
2,073.1
2,131.1
2,175.8

1966:1
II
Ill ..
IV ....

631.7
640.3
651.4
662.8

426.7
437.8
448.9
457.1

385.7
395.9
406.1
413.4

41.0
41.9
42.8
43.7

15.7
13.5
13.5
13.7

54.9
55.1
55.6
56.3

19.8
19.8
20.1
20.1

93.3
92.1
90.4
91.6

-1.2
-2.7
-3.6
-1.0

7.4
7.5
7.4
7.6

87.1
87.3
86.6
84.9

53.1
53.3
52.9
51.9

21.3
22.1
24.0

589.0
598.7
612.3
625.7

62.4
66.5
68.9
71.6

526.6
532.2
543.4
554.1

484.3
489.8
499.1
505.1

42.3
42.4
44.3
49.0

8.0
8.0
8.2
8.8

2,194.2
2,199.3
2,228.4
2,254.7

1967:1
II
.
Ill
IV ....

667.6
672.7
685.9
699.8

463.3
469.0
478.7
489.6

418.8
423.5
431.9
441.5

44.5
45.5
46.7
48.1

13.2
12.3
13.0
12.5

57.3
57.9
59.2
59.1

20.3
20.4
20.5
20.4

88.9
87.7
89.0
92.1

-.4
-1.3
-1.7
-2.8

7.4
7.5
7.9
7.9

81.8
81.5
82.8
87.1

49.6
49.6
50.6
52.9

24.5
25.3
25.6
26.1

635.7
642.5
656.0
667.2

72.3
72.1
75.1
77.2

563.4
570.4
581.0
590.1

509.6
519.2
526.3
533.9

53.8
51.2
54.7
56.1

9.6
9.0
9.4
9.5

2,286.3
2,303.4
2,324.6
2,340.7

1968:1

717.6
736.3
752.6
767.3

504.5
517.6
531.4
543.9

454.1
465.9
478.3
489.3

50.3
51.7
53.1
54.5

12.6
12.3
13.0
13.3

60.6
62.3
63.6
64.0

20.2
20.2
20.3
20.1

93.2
96.9
97.0
98.3

-4.7
-2.9
-3.0
-4.1

7.9
7.9
7.8
7.6

89.9
91.9
92.2
94.7

51.5
52.6
52.8
54.3

26.6
27.1
27.3
27.8

686.8
706.5
724.7
739.9

79.8
82.9
93.1
97.1

607.0
623.5
631.5
642.8

552.2
566.5
583.2
592.4

54.8
57.1
48.3
50.4

9.0
9.2
7.7
7.8

2,381.4
2,422.7
2,429.6
2,446.3

1959:1

II
III
IV ....
1960:1

II
III

IV
1961:1

II
III
IV ....
1962:1
II

Ill

Ill
IV ....
1965:1

II

||
III
IV ....

See footnotes at the end of the table.




7.2

-2.8
-4.0
-12.4
-18.3

3.1
7.4
20.9

-.6
-1.0

-.1
-.9
-.7
-.4

1.7

229

10.0

8.9
10.5
10.7

9.4
8.7
9.0
9.2

8.8

3,074.6
3,195.6
3,306.6
3,478.9
3,588.7

December 1999

SURVEY OF CURRENT BUSINESS

•

145

Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter

National
income

w

Total

^
salary
accruals

Supplements to
wages
and
salaries

Proprietors' income
with IVA and
CCAdj.

Farm

Nonfarm

Rental
income
of
persons
with
CCAdj.

Corporate profits with IVA and CCAdj.

Total

IVA

CCAdj.

Profits
before
tax

Profits
after tax

Net
interest

Personal
income

Less:
Personal
tax and
nontax
payments

Equals:
DPI

Less:
Personal
outlays

Equals:
Personal
saving

Saving
as a
percentage of
DPI

Real
DPI 1

1969:1
II
III
IV ....

782.2
795.8
812.2
819.5

556.0
569.8
586.5
598.2

499.0
511.3
526.3
536.4

57.0
58.5
60.2
61.8

12.8
13.9
14.5
15.4

64.7
65.0
65.1
64.0

20.3
20.3
20.4
20.3

98.2
95.3
92.6
87.7

-4.9
-5.2
-4.9
-8.4

8.2
8.3
8.4
8.1

95.0
92.2
89.2
87.9

53.7
52.0
50.4
49.4

30.1
31.6
33.0
33.9

753.8
771.7
791.7
806.2

103.9
107.0
105.5
107.1

649.9
664.7
686.1
699.1

604.9
616.9
627.6
639.9

45.0
47.8
58.6
59.2

6.9
7.2
8.5
8.5

2,450.7
2,475.4
2,524.1
2,542.0

1970:1
||
III
IV ....

823.4
833.4
846.3
845.3

608.5
614.0
622.1
624.1

545.0
549.0
555.6
556.3

63.5
65.0
66.5
67.9

15.1
13.8
14.5
13.9

64.2
64.7
65.9
67.1

20.2
19.9
20.5
20.7

80.0
83.5
83.4
78.3

-8.8
-4.6
-6.2
-6.6

7.8
7.3
7.1
6.9

81.0
80.8
82.5
78.0

46.8
46.6
47.2
44.3

35.4
37.4
39.8
41.2

817.1
838.3
850.5
858.5

106.0
107.0
102.2
103.1

711.1
731.2
748.3
755.4

651.4
661.8
674.0
680.8

59.6
69.5
74.3
74.6

8.4
9.5
9.9
9.9

2,555.8
2,598.9
2,632.7
2,621.3

1971:1
II
Ill
IV ....

878.3
896.0
910.2
929.5

641.6
653.6
663.9
676.3

570.1
580.2
588.6
598.9

71.5
73.5
75.3
77.4

14.4
14.8
14.5
16.0

68.1
70.3
72.1
74.1

20.6
21.1
21.3
21.6

91.4
93.4
95.5
98.7

-3.6
-A.7
-5.6
-4.5

6.6
6.9
7.1
7.1

88.4
91.2
94.1
96.1

51.0
53.0
56.6
58.2

42.1
42.8
42.8
42.8

877.6
900.2
912.8
929.8

99.9
102.4
104.0
107.2

777.6
797.9
808.8
822.5

700.2
714.6
727.4
744.2

77.4
83.3
81.4
78.4

10.0
10.4
10.1
9.5

2,670.5
2,707.4
2,715.8
2,743.2

1972:1
II
III
IV ....

961.1
978.6
1,009.0
1,051.4

701.0
715.8
729.7
754.0

617.8
630.4
642.3
664.2

83.2
85.4
87.4
89.8

15.0
17.2
19.7
23.1

75.5
76.5
79.3
84.2

21.9
19.1
22.7
22.8

104.2
105.2
110.4
117.8 ,

-6.8
-5.8
-6.8
-9.0

8.0
7.9
9.0
9.7

102.0
103.1
107.2
117.1

62.0
62.9
65.6
71.4

43.5
44.7
47.2
49.5

957.6
974.0
1,000.9
1,044.5

121.7
125.4
126.3
129.2

835.9
848.7
874.6
915.3

761.9
780.6
799.4
825.0

74.1
68.0
75.1
90.3

8.9
8.0
8.6
9.9

2,758.3
2,782.3
2,841.0
2,947.5

1973:1
II
Ill
IV ....

1,087.5
1,109.8
1,136.3
1,174.5

781.6
800.9
819.8
842.5

683.2
700.0
716.1
735.3

98.4
101.0
103.7
107.3

23.2
28.8
31.5
39.3

84.5
83.6
84.7
85.3

23.2
23.3
22.5
23.5

125.0
121.7
122.2
125.2

-15.8
-21.1
-18.7
-22.7

9.5
8.7
8.3
9.3

131.4
134.0
132.6
138.7

82.3
84.4
84.6
88.3

49.9
51.5
55.5
58.7

1,067.1
1,096.8
1,125.5
1,164.4

128.5
131.2
136.1
142.0

938.6
965.6
989.4
1,022.4

850.4
866.4
886.0
903.1

88.3
99.1
103.4
119.3

9.4
10.3
10.5
11.7

2,983.2
3,010.2
3,031.1
3,072.1

1974:1
II
Ill
IV ....

1,183.7
1,199.5
1,224.4
1,238.4

860.5
881.3
903.1
915.9

748.1
765.2
783.0
792.4

112.4
116.2
120.1
123.5

30.7
21.8
22.9
25.2

87.8
89.5
92.3
91.7

23.5
22.8
23.0
22.7

118.2
116.6
112.8
108.5

-31.8
-36.7
-60.0
-34.4

8.4
6.9
5.0
1.7

141.6
146.5
157.8
141.2

92.8
95.1
101.2
90.9

63.0
67.5
70.3
74.4

1,182.0
1,207.8
1,244.4
1,268.2

145.0
151.2
157.3
160.0

1,037.0
1,056.6
1,087.2
1,108.2

920.5
949.0
977.2
985.0

116.6
107.6
109.9
123.2

11.2
10.2
10.1
11.1

3,031.8
3,008.6
3,018.7
3,004.0

1975:1
II
Ill
IV ....

1,243.3
1,270.3
1,326.4
1,367.2

919.2
931.7
957.7
987.6

791.8
800.2
821.2
845.6

127.4
131.5
136.5
141.9

20.9
21.7
25.6
25.8

94.1
95.8
99.3
103.2

22.3
22.1
22.0
21.7

110.4
123.1
144.9
151.7

-12.4
-7.0
-11.7
-11.1

-.1
-1.3
-2.2
-3.2

122.9
131.4
158.9
166.0

80.0
853
102.3
108.1

76.4
75.8
76.8
77.3

1,281.0
1,310.9
1,348.4
1,386.5

160.5
123.7
155.6
161.4

1,120.5
1,187.1
1,192.9
1,225.1

1,010.1
1,039.1
1,073.2
1,102.3

110.4
148.1
119.7
122.8

9.9
12.5
10.0
10.0

2,983.7
3,123.5
3,080.6
3,110.6

1976:1
II
Ill
IV ....

1,415.5
1,437.8
1,468.8
1,501.3

1,022.3
1,045.9
1,070.8
1,098.1

871.1
889.2
908.3
929.8

151.2
156.7
162.5
168.3

21.0
18.6
17.6
17.4

108.8
113.2
118.2
122.2

21.7
21.0
21.4
21.8

164.0
158.6
159.0
158.8

-10.7
-14.9
-15.2
-15.6

-4.2
-5.1
-4.6
-3.8

178.9
178.5
178.8
178.3

113.5
114.1
114.8
115.3

77.7
80.5
81.8
83.1

1,424.6
1,453.2
1,492.8
1,530.9

165.2
172.1
179.0
185.7

1,259.4
1,281.1
1,313.8
1,345.2

1,138.1
1,158.7
1,189.1
1,225.2

121.4
122.5
124.7
120.0

9.6
9.6
9.5
8.9

3,159.2
3,182.4
3,209.8
3,231.0

1977:1
III".!"
IV ....

1,550.6
1,612.0
1,667.4
1,711.7

1,127.0
1,164.4
1,196.9
1,233.4

949.9
980.8
1,007.3
1,038.0

177.1
183.6
189.6
195.5

18.4
15.7
15.1
20.6

125.7
128.7
132.6
136.4

21.9
20.4
19.7
19.6

168.2
189.7
205.5
198.7

-21.4
-15.3
-9.5
-16.6

-4.6
-3.4
-1.6
-1.6

194.2
208.4
216.5
216.9

126.8
135.4
140.9
140.9

89.5
93.0
97.6
102.9

1,569.7
1,610.4
1,656.3
1,712.1

191.9
198.9
201.9
211.9

1,377.8
1,411.5
1,454.4
1,500.2

1,261.8
1,291.6
1,324.4
1,363.8

116.0
119.8
130.1
136.4

8.4
8.5
8.9
9.1

3,252.1
3,272.7
3,322.0
3,379.8

1978:1
||
III
IV ....

1,749.7
1,841.1
1,892.7
1,955.6

1,269.5
1,318.3
1,355.7
1,400.4

1,064.0
1,106.3
1,137.8
1,176.0

205.5
212.1
217.9
224.4

20.4
22.5
22.2
21.0

139.8
148.4
152.1
153.8

21.6
21.0
23.2
23.9

191.7
218.9
223.3
233.3

-20.8
-23.2
-53.3
-27.5

-3.0
-4.1
-5.0
-5.5

215.6
246.2
251.6
266.4

144.3
161.0
165.2
175.3

106.5
111.9
116.3
123.2

1,755.7
1,821.0
1,879.4
1,937.0

215.6
226.8
240.2
251.2

1,540.0
1,594.1
1,639.2
1,685.8

1,395.8
1,457.0
1,492.2
1,532.5

144.2
137.1
147.1
153.3

9.4
8.6
9.0
9.1

3,414.8
3,463.3
3,500.4
3,537.1

1979:1
II
Ill
IV ....

2,007.2
2,044.4
2,094.9
2,153.6

1,445.1
1,477.5
1,519.1
1,561.3

1,210.0
1,236.1
1,270.7
1,305.6

235.0
241.4
248.5
255.7

25.3
23.3
239
22.4

156.0
158.6
161.3
164.1

26.0
22.6
22.1
27.1

223.8
223.9
221.9
218.1

-35.1
-40.0
-44.1
-41.4

-6.2
-7.8
-8.9
-9.0

265.2
271.7
274.9
268.5

176.4
182.5
186.6
182.8

131.1
138.3
146.6
160.7

1,996.8
2,041.2
2,108.6
2,179.4

257.8
266.3
279.2
289.8

1,739.1
1,774.9
1,829.3
1,889.7

1,574.9
1,611.9
1,667.1
1,715.6

164.1
163.0
162.2
174.0

9.4
9.2
8.9
9.2

3,576.2
3,565.7
3,590.4
3,622.6

1980:1
II
Ill
IV ....

2,205.5
2,184.3
2,233.0
2,345.8

1,602.7
1,625.2
1,658.0
1,721.1

1,338.2
1,354.6
1,380.8
1,436.0

264.5
270.6
277.2
285.1

14.6
4.9
13.3
19.7

165.7
159.5
163.7
169.0

32.1
32.3
28.6
32.2

214.3
182.9
189.0
204.6

-63.5
-34.0
-42.3
-38.8

-11.1
-12.1
-12.0
-11.1

278.8
229.0
243.3
254.5

184.0
154.2
162.2
166.0

176.1
179.6
180.6
199.1

2,248.1
2,268.8
2,339.0
2,439.8

289.1
296.7
306.9
323.9

1,959.0
1,972.1
2,032.1
2,115.9

1,766.7
1,769.9
1,828.3
1,891.7

192.3
202.2
203.8
224.2

9.8
10.3
10.0
10.6

3,648.1
3,584.9
3,612.1
3,678.7

1981:1
II
Ill
IV ....

2,427.8
2,451.1
2,549.0
2,556.5

1,773.9
1,807.6
1,846.6
1,874.8

1,474.5
1,502.1
1,534.9
1,557.6

299.4
305.5
311.7
317.3

19.3
19.5
24.5
18.1

173.7
162.4
165.3
162.2

39.6
38.1
38.8
42.0

217.7
210.6
229.8
213.8

-37.4
-24.3
-18.2
-18.6

-3.6
.5
6.0
3.9

258.8
234.4
242.0
228.5

170.0
155.1
159.1
154.8

203.6
213.0
243.9
245.6

2,510.6
2,549.5
2,652.3
2,685.1

336.2
348.3
362.7
358.7

2,174.4
2,201.2
2,289.6
2,326.4

1,950.3
1,985.8
2,031.5
2,049.2

224.1
215.5
258.1
277.2

10.3
9.8
11.3
11.9

3,686.4
3,670.4
3,751.7
3,753.9

1982:1
II
Ill
IV ....

2,558.4
2,605.5
2,617.4
2,626.4

1,898.7
1,917.4
1,937.0
1,950.8

1,573.0
1,586.8
1,601.9
1,611.8

325.7
330.6
335.1
339.0

15.4
14.0
13.1
15.3

155.1
165.5
166.0
175.1

41.6
38.5
40.1
38.0

191.9
204.8
205.8
198.1

-12.9
-4.7
-6.4
-6.0

8.5
10.4
14.1
15.9

196.3
199.2
198.1
188.2

133.3
134.6
132.8
128.9

255.6
265.2
255.4
249.1

2,709.4
2,754.0
2,786.4
2,823.7

359.0
366.5
357.2
363.9

2,350.4
2,387.6
2,429.2
2,459.9

2,086.6
2,113.4
2,159.4
2,218.9

263.8
274.2
269.9
240.9

11.2
11.5
11.1
9.8

3,750.6
3,773.7
3,781.7
3,787.7

1983:1
II
Ill
IV ....

2,677.9
2,753.5
2,829.1
2,921.0

1,977.8
2,016.0
2,059.8
2,117.3

1,629.2
1,661.4
1,698.7
1,747.8

348.6
354.5
361.2
369.5

14.0
8.9
1.2
4.6

175.0
184.1
193.8
200.2

37.6
37.5
34.8
37.9

218.3
249.1
266.7
278.0

2.2
-7.1
-15.2
-9.8

24.8
29.1
32.3
30.2

191.3
227.0
249.6
257.6

131.2
151.5
164.1
169.7

255.2
257.8
272.9
283.1

2,853.6
2,909.2
2,968.6
3,056.2

358.4
367.5
353.7
364.2

2,495.2
2,541.8
2,614.9
2,692.1

2,256.6
2,329.9
2,392.2
2,454.1

238.6
211.9
222.7
238.0

9.6
8.3
8.5
8.8

3,808.2
3,833.0
3,902.0
3,982.3

1984:1
II
III
IV ....

3,048.0
3,138.4
3,206.3
3,251.9

2,182.5
2,235.1
2,282.6
2,323.5

1,793.6
1,837.6
1,877.1
1,910.9

389.0
397.5
405.4
412.6

20.5
22.2
21.2
22.7

215.3
227.0
236.2
225.1

37.1
35.4
40.1
45.4

304.8
313.8
304.5
311.6

-6.6
-9.8
.3
.2

32.5
46.4
51.0
56.6

278.9
277.2
253.2
254.7

178.0
178.0
165.7
166.2

287.9
305.0
321.7
323.8

3,152.0
3,239.9
3,327.6
3,379.7

370.0
379.6
393.5
405.6

2,782.0
2,860.3
2,934.1
2,974.1

2,506.0
2,563.3
2,601.1
2,654.1

276.0
297.0
332.9
320.0

9.9
10.4
11.3
10.8

4,076.3
4,155.7
4,232.2
4,259.9

1985:1
II
Ill
IV ....

3,314.3
3,351.2
3,402.7
3,448.8

2,366.4
2,402.7
2,442.0
2,489.7

1,946.1
1,976.0
2,008.9
2,049.7

420.3
426.7
433.1
440.0

23.2
21.0
20.0
22.0

243.1
243.0
245.4
250.5

41.7
40.3
37.9
36.5

314.0
318.1
334.3
318.7

.6
.3
7.2
-8.0

64.4
67.4
67.3
65.1

249.1
250.3
259.9
261.6

153.7
156.6
160.4
164.1

325.7
326.3
323.1
331.5

3,4475
3,489.3
3,528.1
3,595.4

442.4
399.0
432.4
440.2

3,004.9
3,090.4
3,095.7
3,155.2

2,721.3
2,772.6
2,842.1
2,879.6

283.6
317.8
253.5
275.6

9.4
10.3
8.2
8.7

4,261.4
4,342.3
4,320.8
4,362.5

1986:1
II
Ill
IV ....

3,486.5
3,502.3
3,536.2
3,573.2

2,522.5
2,545.8
2,582.9
2,631.6

2,075.7
2,093.4
2,123.6
2,164.8

446.8
452.3
459.2
466.8

20.0
20.2
25.9
26.0

251.9
255.5
259.4
255.6

36.6
34.8
30.7
26.8

312.3
301.3
291.8
292.4

19.7
13.9
5.4
-10.9

55.6
50.4
46.0
44.0

237.0
237.0
240.4
259.3

133.2
133.8
136.2
144.4

343.2
344.7
345.5
340.9

3,650.9
3,688.2
3,736.0
3,774.7

437.9
441.4
451.7
468.9

3,213.0
3,246.8
3,284.3
3,305.9

2,922.5
2,955.9
3,028.9
3,071.7

290.5
291.0
255.4
234.2

9.0
9.0
7.8
7.1

4,418.2
4,463.3
4,482.7
4,480.6

1987:1
II
Ill
IV ....

3,664.1
3,754.7
3,847.9
3,941.4

2,681.8
2,725.9
2,773.7
2,841.0

2,207.1
2,244.2
2,284.8
2,344.8

474.7
481.7
488.9
496.2

27.1
29.1
29.1
30.8

267.8
272.1
278.2
281.3

32.7
30.8
37.8
41.9

308.5
341.2
362.9
368.4

-13.9
-19.2
-15.7
-16.2

45.7
46.9
48.3
46.6

276.6
313.5
330.3
338.0

164.6
187.3
195.6
202.6

346.2
355.6
366.2
378.1

3,852.2
3,915.3
3,992.4
4,090.1

463.7
524.8
502.7
520.9

3,388.5
3,390.5
3,489.6
3,569.2

3,111.8
3,182.6
3,247.8
3,284.7

276.8
207.9
241.9
284.5

8.2
6.1
6.9
8.0

4,535.5
4,493.1
4,582.1
4,641.7

1988:1

4,022.5
4,106.2
4,185.3
4,284.4

2,888.4
2,951.8
3,001.3
3,053.7

2,379.6
2,434.7
2,476.4
2,520.1

508.8
517.1
524.9
533.6

32.9
26.8
28.0
16.5

296.6
310.4
318.3
325.6

44.9
41.5
40.0
50.0

380.3
399.2
406.9
427.8

-18.3
-25.5
-26.1
-18.8

47.0
45.3
43.7
39.2

351.6
379.4
389.4
407.4

225.4
244.1
249.1
260.5

379.4
376.4
390.8
410.9

4,156.8
4,227.7
4,308.7
4,395.1

514.5
516.6
519.1
528.5

3,642.3
3,711.1
3,789.7
3,866.6

3,362.2
3,422.5
3,490.3
3,565.3

280.1
288.6
299.3
301.3

7.7
7.8
7.9
7.8

4,706.4
4,741.2
4,783.8
4,832.5

III"!
IV ....

See footnotes at the end of the table.




146

SURVEY OF CURRENT BUSINESS

• December 1999

Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter

1989:1
II
Ill
IV
1990:1
II
Ill
IV
1991:1
II
III
IV
1992:1
II
Ill
IV
1993-1
II
Ill
IV
1994:1
II
Ill
IV
1995:1

....

....

....

....
..
....

....

ml
IV
1996:1
II
Ill
IV
1997:1
II
Ill
IV
1998:1
II
Ill
IV
1999:1
II

....

....

....

....

National
income

4,347.8
4,373.3
4,395.0
4,446.3
4,552.2
4,643.9
4,674.2
4,693.5
4,702.3
4,736.2
4,772.6
4,810.9
4,933.8
4,993.8
4,950.9
5,096.5
5,149.5
5,231.9
5,258.6
5,364.5
5,372.1
5,524.3
5,608.2
5,719.7
5,774.4
5,833.1
5,919.6
5,977.8
6,067.1
6,177.8
6,254.2
6,341.6
6,473.6
6,581.9
6,694.9
6,789.1
6,887.2
6,977.6
7,087.1
7,193.8
7,334.5
7,423.1

Wage
and
salary
accruals

Supplements to
wages
and
salaries

3,097.0
3,126.6
3,163.6
3,216.9
3,284.1
3,343.4
3,383.7
3,393.0
3,403.5
3,436.2
3,471.0
3,509.0

2,555.8
2,577.3
2,605.5
2,648.6
2,701.6
2,750.4
2,781.8
2,784.7
2,786.7
2,810.7
2,835.7
2,863.7

3,574.8
3,625.4
3,668.0
3,710.9
3,750.6
3,795.5
3,835.1
3,876.3
3,943.5
3,994.9
4,032.8
4,093.6
4,142.7
4,178.8
4,224.3
4,264.1
4,297.4
4,367.8
4,427.8
4,489.4
4,566.1
4,631.3
4,705.2
4,800.3
4,889.4
4,967.0
5,053.6
5,134.7
5,217.7
5,287.1

2,913.3
2,952.4
2,984.0
3,017.4
3,044.8
3,077.3
3,107.0
3,137.4
3,190.2
3,233.4
3,267.7
3,325.9
3,379.6
3,417.2
3,463.6
3,503.8
3,537.4
3,604.6
3,660.9
3,717.6
3,785.3
3,844.3
3,911.3
3,997.9
4,079.6
4,149.7
4,227.9
4,300.8
4,371.5
4,432.6

541.2
549.3
558.1
568.3
582.6
593.0
601.9
608.3
616.8
625.5
635.3
645.3
661.4
673.0
683.9
693.4
705.9
718.2
728.1
738.9
753.3
761.5
765.1
767.7

Total

763.1
761.6
760.7
760.2
760.0
763.2
766.8
771.8
780.8
787.0
793.9
802.4
809.8
817.3
825.7
833.9
846.2
854.5

Proprietors' income
with IVA and
CCAdj.
Farm
35.7
31.5
29.2
32.1
33.2
31.5
30.9
29.0
26.5
27.7
23.8
27.5
31.4
33.6
33.2
32.5
29.5
34.4
22.9
33.7
40.6
33.9
27.7
25.5
21.4
19.6
20.5
27.3
31.1
36.3
38.0
31.7
32.5
30.2
28.9
26.3
17.5
18.7
22.9
41.1
32.5
34.1

Nonfarm

Rental
income
of
persons
with
CCAdj.

330.8
326.3
326.3
335.0
343.3
347.2
355.9
353.0
346.7
355.4
361.3
367.9
389.2
399.1
403.5
414.9
426.4
430.0
432.5
437.9
427.9
445.6
448.1
457.0
467.2
471.8
479.2
483.9
494.8
510.3
515.5
521.4
536.6
544.9
554.0
561.0
569.1
575.5
583.6
596.0
607.5
621.2

46.6
44.9
37.4
33.1
42.1
45.3
53.2
55.8
53.9
56.4
57.6
57.8
59.3
63.8
53.2
76.8
84.7
90.3
90.8
97.6
98.0
112.0
116.2
115.2
116.9
115.1
116.6
123.2
128.4
129.0
130.1
131.4
132.4
132.0
129.4
126.7
129.5
133.9
139.3
147.0
148.6
148.8

Corporate profits with IVA and CCAdj.

Total

404.4
395.7
388.6
388.2
402.4
426.0
400.5
400.7
431.7
428.1
427.9
433.0
468.5
466.9
400.4
471.8
471.7
502.9
507.7
556.5
497.6
568.3
597.9
626.0
629.4
654.9
692.4
696.4
737.2
748.9
754.8
774.5
803.6
831.6
862.8
853.5
858.3
847.9
843.8
834.3
882.0
875.5

IVA

CCAdj.

-33.7
-18.9
-.4
-12.3
-3.6
2.0
-30.2
-19.8
11.4
8.6
1.4
-1.7
2.2
-10.6
-3.4
.4
-6.1
-6.3
.4
-4.1
-8.3
-10.2
-15.7
-15.6
-32.5
-28.2
-9.8
-2.6
2.1
-1.7
4.7
7.1
9.3
11.2
4.9
4.0
29.5
13.6
19.8
20.8
13.3
-13.6

1. Real DPI in chained (1996) dollars. Derived by deflation using the implicit price deflator for personal consumption expenditures.
CCAdj Capital consumption adjustment




35.4
35.3
32.7
32.1
21.6
21.0
18.0
14.4
9.3
9.2
9.6
8.3
7.7
6.4
-7.0
5.4
1.1
2.9
1.5
7.8
-9.0
15.8
18.2
20.9
18.8
17.7
18.8
17.2
21.9
24.2
25.2
26.4
31.0
33.9
35.7
38.0
39.9
42.4
43.9
46.9
50.6
53.2

Profits
before
tax
402.7
379.3
356.4
368.4
384.4
402.9
412.7
406.1
410.9
410.2
417.0
426.4
458.6
471.0
410.7
466.0
476.6
506.3
505.8
552.8
514.8
562.7
595.4
620.7
643.2
665.3
683.5
681.8
713.2
726.3
724.9
741.0
763.3
786.5
822.1
811.6
788.9
792.0
780.1
766.7
818.1
835.8

Profits
after tax

Net
interest

249.3
235.5
223.4
232.8
250.7
261.8
264.7
266.5
281.1
277.9
280.9
290.3
314.2
320.9
281.9
316.8
325.6
340.8
343.5
370.1
349.4
379.8
401.0
416.6
440.1
456.6
464.8
468.5
493.5
501.0
500.9
515.4
534.4
553.3
575.3
567.4
548.9
550.9
535.8
531.0
570.1
581.4

433.3
448.3
449.8
440.9
447.1
450.5
450.1
462.0
440.0
432.5
430.9
415.7
410.6
405.0
392.7
389.6
386.6
378.8
369.5
362.4
364.6
369.6
385.4
402.5
396.8
392.8
386.7
383.0
378.2
385.5
388.1
393.3
402.3
411.8
414.6
421.2
423.3
434.6
444.0
440.8
446.3
456.4

Personal
income

DPI Disposable personal income
IVA Inventory valuation adjustment

4,517.5
4,573.5
4,617.4
4,690.7
4,800.8
4,879.3
4,951.4
4,981.4
4,999.9
5,064.1
5,110.1
5,167.4
5,276.8
5,352.2
5,390.7
5,541.8
5,465.8
5,595.3
5,630.3
5,748.5
5.713.7
5,860.8
5,935.3
6,042.4
6,109.9
6,163.3
6,225.9
6,304.6
6,405.1
6,509.4
6,597.1
6,677.9
6,807.6
6,900.6
6,993.5
7,102.7
7,194.7
7,296.3
7,413.6
7,530.8
7,630.2
7,732.6

Less:
Personal
tax and
nontax
payments
565.3
578.9
588.4
601.3
595.7
607.6
617.3
618.0
600.7
606.5
611.6
623.2
614.7
627.3
638.0
663.1
644.0
671.0
681.8
701.7
695.4
732.2
724.3
738.5
751.8
780.5
781.6
799.5
830.7
872.5
877.3
898.1
934.2
954.4
978.6
1,006.0
1,031.2
1,058.0
1,088.3
1,113.0
1,124.8
1,139.4

Equals:
DPI

3,952.2
3,994.5
4,029.0
4,089.4
4,205.1
4,271.7
4,334.1
4,363.5
4,399.1
4,457.5
4,498.5
4,544.2
4,662.0
4,724.9
4,752.7
4,878.7
4,821.7
4,924.2
4,948.5
5,046.8
5,018.3
5,128.6
5,211.0
5,303.9
5,358.1
5,382.8
5,444.4
5,505.1
5,574.4
5,637.0
5,719.8
5,779.7
5,873.4
5,946.2
6,014.9
6,096.7
6,163.5
6,238.3
6,325.3
6,417.8
6,505.4
6,593.2

Less:
Personal
outlays

3,623.3
3,689.2
3,746.6
3,798.7
3,879.2
3,932.4
4,001.0
4,024.5
4,035.9
4,090.5
4,130.2
4,156.0
4,255.3
4,302.9
4,356.2
4,449.1
4,481.8
4,550.5
4,617.1
4,688.6
4,744.0
4,809.1
4,886.9
4,959.7
5,012.1
5,091.3
5,158.4
5,218.8
5,292.2
5,383.9
5,433.7
5,512.6
5,609.9
5,650.2
5,759.4
5,827.4
5,914.7
6,020.9
6,100.5
6,190.3
6,310.3
6,425.2

Equals:
Personal
saving

328.9
305.3
282.4
290.7
325.9
339.4
333.1
339.0
363.2
367.1
368.3
388.1
406.7
421.9
396.5
429.6
340.0
373.7
331.5
358.2
274.3
319.5
324.1
344.2
346.0
291.5
285.9
286.3
282.2
253.1
286.1
267.1
263.4
296.1
255.5
269.3
248.9
217.5
224.8
227.5
195.1
168.0

Saving
as a
percentage of
DPI
8.3
7.6
7.0
7.1
7.8
7.9
7.7
7.8
8.3
8.2
8.2
8.5
8.7
8.9
8.3
8.8
7.1
7.6
6.7
7.1
5.5
6.2
6.2
6.5
6.5
5.4
5.3
5.2
5.1
4.5
5.0
4.6
4.5
5.0
4.2
4.4
4.0
3.5
3.6
3.5
3.0
2.5

Real
DPI 1

4,883.5
4,870.1
4,880.6
4,905.6
4,976.3
5,002.0
5,010.2
4,976.8
4,985.4
5,023.9
5,041.0
5,054.6
5,148.0
5,184.4
5,186.1
5,280.5
5,179.8
5,252.2
5,256.5
5,325.9
5,283.5
5,371.7
5,412.3
5,485.5
5,507.8
5,502.4
5,541.0
5,580.8
5,617.6
5,647.2
5,710.9
5,735.3
5.798.0
5,857.9
5,909.8
5,973.0
6,031.5
6,087.5
6,154.6
6,226.6
6,289.3
6,339.1

148

SURVEY OF CURRENT BUSINESS

SUBJECT

December 1999

GUIDE

VOLUME 7 9

This guide lists the major items that were published in the 1999 issues of the SURVEY OF
CURRENT BUSINESS. It gives the month of the issue and the beginning page number, and it
includes selected boxes that are cited by title and page number.

General
2000 Release Dates for BEA Estimates (October): 96 and
(December): 150
1999 Release Dates for BEA Estimates (January): 42
Robert Eisner's Contributions to Economic Measurement
(January): 8
A Tour of BEA'S Web Site (March): 22
Wassily Leontief and His Contributions to Economic
Accounting (March): 9

National
Federal budget estimates
Fiscal Year 2000 (March): 12
Inventories, sales, and inventory-sales ratios for manufacturing
and trade
Third Quarter 1998 (January): 6
Fourth Quarter 1998 (April): 9
First Quarter 1999 (July): 6
Second Quarter 1999 (October): 18
National income and product accounts (NIPA'S)
Business Situation
Advance Estimates
Fourth Quarter 1998 (February): 1
Upcoming Comprehensive Revision of the National
Income and Product Accounts, 7 [box]
First Quarter 1999 (May): 1
BEA Estimates of Wages and Salaries for 1998, 6 [box]
Second Quarter 1999 (August): 1
Preliminary Estimates
Fourth Quarter 1998 (March): 1
First Quarter 1999 (June): 1
Second Quarter 1999 (September): 1
Third Quarter 1999 (December): 1




Final Estimates
Third Quarter 1998 (January): 1
Fourth Quarter 1998 (April): 1
First Quarter 1999 (July): 1
Second Quarter 1999 (October): 1
Comprehensive revision
Improved Estimates for the National Income and Product Accounts for 1959-98: Results of the Comprehensive
Revision (December): 15
Initial Results of the 1999 Comprehensive Revision
(November): 1
A Preview of the 1999 Comprehensive Revision
Definitional and Classificational Changes (August): 7
New and Redesigned Tables (September): 15
Statistical Changes (October): 6
Note on the Personal Saving Rate (February): 8
Note on Rates of Return for Domestic Nonfinancial
Corporations, 1960-98 (June): 13
Satellite accounts
Assessing BEA'S Prototype Integrated Economic and Environmental Satellite Accounts (November): 44
The Future of Environmental and Augmented National
Accounts: An Overview (November): 45
Overall Appraisal of Environmental Accounting in the
United States (November): 50
State and local government fiscal position
In 1998 (April): 11
State Tobacco Settlements, 12 [box]

International
Direct investment positions: Country and industry detail
For 1998 (July): 48

December 1999 •

SURVEY OF CURRENT BUSINESS

Foreign direct investment in the United States
Detail for Historical-Cost Position and
Income Flows
In 1998 (September): 29
New Investment in 1998 (June): 16
Preliminary Results From the 1997
(August): 21
New Industry Classifications [box],
Regional Patterns in the Location
Manufacturing Establishments (May):

Related Capital and

Benchmark
24
of
8

Survey

149

Upcoming Changes in the Classification of Current and
Capital Transactions in the U.S. International Accounts
(February): 10
U.S. Resource Flows to Developing Countries and Multilateral
Organizations, 1993-97 (February): 12
U.S. multinational

companies

Operations in 1997 (July): 8
Foreign-Owned

Regional

Reconciliation of the U.S.-Canadian current account
Estimates for 1997 and 1998 (November): 66

Gross state product
Estimates for 1995-97 (June): 24

U.S. direct investment

abroad

Detail for Historical-Cost Position and Related Capital and
Income Flows
In 1998 (September): 58
U.S. international investment

position

In 1998 (July): 36
U.S. international

services

Cross-Border Trade in 1998 and Sales Through Affiliates in
1997 (October): 48
U.S. international

transactions

Quarterly Estimates
Third Quarter 1998 (January): 12
Fourth Quarter and Year 1998 (April): 18
First Quarter 1999 (July): 75
Second Quarter 1999 (October): 20
Revised Estimates
For 1982-98 (July): 60




Local area personal income
Announcement of Availability of the Estimates (January): 11
Estimates for 1982-97 (May): 50
Alternative Measures of County Employment and Wages,
53 [box]
Per capita personal income
Estimates for 1998 (May): 28
State personal income
Quarterly Estimates
Third Quarter 1998 (February): 16
Upcoming Comprehensive Revision of State and Local
Area Personal Income, 16 [box]
Fourth Quarter and Year 1998 and Per Capita Personal
Income for 1998 (May): 28
Note on the Estimates of State Personal Income, 28 [box]
First Quarter 1999 (August): 57
Second Quarter 1999 (November): 81

SURVEY OF CURRENT BUSINESS

150

December 1999

2000 Release Dates for BEA Estimates
Subject
U.S. International Trade in Goods and Services,
November 1999
State Personal Income, 3rd quarter 1999
Gross Domestic Product, 4th quarter 1999 (advance)
Personal Income and Outlays, December 1999

Release
Date*
Jan.
Jan.
Jan.
Jan.

20 t
26
28
31

U.S. International Trade in Goods and Services,
December 1999
Feb. 18 t
Gross Domestic Product, 4th quarter 1999 (preliminary) Feb. 25
Personal Income and Outlays, January 2000
Feb. 28
U.S. International Transactions, 4th quarter 1999
U.S. International Trade in Goods and Services,
January 2000
Gross Domestic Product, 4th quarter 1999 (final) and
Corporate Profits, 4th quarter 1999
Personal Income and Outlays, February 2000 . . ,
U.S. International Trade in Goods and Services,
February 2000
Gross Domestic Product, 1st quarter 2000 (advance)
Personal Income and Outlays, March 2000
State Personal Income, 4th quarter 1999 and
Per Capita Personal Income, 1999 (preliminary)
U.S. International Trade in Goods and Services,
March 2000
Gross Domestic Product, 1st quarter 2000 (preliminary)
and Corporate Profits, 1st quarter 2000 (preliminary)
Personal Income and Outlays, April 2000
Foreign Investors* Spending to Acquire or Establish
U.S. Businesses, 1999
Local Area Personal Income, 1998
U.S. International Trade in Goods and Services,
April 2000
U.S. International Transactions, 1st quarter 2000
Gross Domestic Product, 1st quarter 2000 (final) and
Corporate Profits, 1st quarter 2000 (revised)
International Investment Position of the United States,
1999
Personal Income and Outlays, May 2000
* These are target dates and are subject to revision.
f Joint release by Bureau of the Census and BEA.




Mar. 15
Mar. 21 t
Mar. 30
Mar. 31
Apr. 19 t
Apr. 27
Apr. 28
May 17
May 19 t
May 25
May 26
June 7
June 15
June 20 t
June 20
June 29
June 29
June 30

Subject

Release
Date*

U.S. International Trade in Goods and Services,
May 2000
July 19 t
State Personal Income, 1st quarter 2000
July 25
Gross Domestic Product, 2nd quarter 2000 (advance)... July 28
Personal Income and Outlays, June 2000
U.S. International Trade in Goods and Services,
June 2000
Gross Domestic Product, 2nd quarter 2000 (preliminary)
and Corporate Profits, 2nd quarter 2000
(preliminary)
Personal Income and Outlays, July 2000
U.S. International Transactions, 2nd quarter 2000
U.S. International Trade in Goods and Services,
July 2000
Gross Domestic Product, 2nd quarter 2000 (final) and
Corporate Profits, 2nd quarter 2000 (revised)
Personal Income and Outlays, August 2000
U.S. International Trade in Goods and Services,
August 2000
State Personal Income, 2nd quarter 2000
Gross Domestic Product, 3rd quarter 2000 (advance)...
Personal Income and Outlays, September 2000

Aug.

1

Aug. 18 t

Aug. 25
Aug. 28
Sept. 13
Sept. 20 t
Sept. 28
Sept. 29

Oct.
Oct.
Oct.
Oct.

19 t
25
27
30

U.S. International Trade in Goods and Services,
September 2000
Nov. 21 t
Gross Domestic Product, 3rd quarter 2000 (preliminary)
and Corporate Profits, 3rd quarter 2000
(preliminary)
Nov. 29
Personal Income and Outlays, October 2000
Nov. 30
U.S. International Transactions, 3rd quarter 2000
U.S. International Trade in Goods and Services,
October 2000
Gross Domestic Product, 3rd quarter 2000 (final) and
Corporate Profits, 3rd quarter 2000 (revised)
Personal Income and Outlays, November 2000

Dec. 14
Dec. 19 t
Dec. 21
Dec. 22

For further information, call 202-606-9900, E-mail <webmaster@bea.doc.gov>,
or write to Public Information Office (BE-53), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.

Contents

SURVEY OF CURRENT BUSINESS

December 1999

D-l

BEA CURRENT AND HISTORICAL DATA
National, International, and Regional Estimates
This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis and a much
briefer selection of collateral statistics prepared by other Government agencies and private organizations. Series originating
in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through
the courtesy of the compilers and are subject to their copyrights.
BEA makes its information available on three World Wide Web sites. The BEA web site <www.bea.doc.gov> contains
data, articles, and news releases from BEA'S national, international, and regional data. The Federal Statistical Briefing Room
(FSBR) on the White House web site <www.whitehouse.gov/fsbr> provides summary statistics for GDP and a handful of
other NIPA aggregates. The Commerce Department's STAT-USA Web site <www.stat-usa.gov> provides detailed databases and
news releases from BEA and other Federal Government agencies by subscription; for information, go to the Web site or call
202-482-1986.
The tables listed below present annual, quarterly, and monthly estimates, indicated as follows: [A] Annual estimates only;
[Q] quarterly estimates only; [QA] quarterly and annual estimates; [MA] monthly and annual estimates.
National Data
A. Selected NIPA Tables [QA]

(*)

B. Other NIPA and NiPA-related tables [A]

(*)

C. Historical tables [A]

(*)

D. Domestic perspectives [MA, QA]

D-3

E. Charts:
Selected NIPA series
Other indicators of the domestic economy

(*)
D-5

International Data
F. Transactions tables:
F.i. U.S. international transactions iii goods
and services [MA]
F.2. U.S. international transactions [QA]
F.3. Selected U.S. international transactions,
by area [Q]
F.4. Private service transactions [A]

D-7
D-8
D-9
D-12

G. Investment tables:
G.i. International investment position of the United
States [A]
D-13
G.2. USDIA: Selected items [A]
D-14
* These sections are not included in this issue because of the comprehensive revision of the national income and product accounts (see the note on
page D-2).




G.3. Selected financial and operating data for nonbank
foreign affiliates of U.S. companies [A]
D-15
G.4. FDIUS: Selected items [A]
D-16
G.5. Selected financial and operating data of nonbank
U.S. affiliates of foreign companies [A]
D-17
H. International perspectives [MA, QA]

D-18

I. Charts

D-20
Regional Data

J. State and regional tables:
J.i. Total and nonfarm personal income [QA] D-21
J.2. Percent of personal income for selected
components [A]
D-22
J.3. Per capita personal income and
disposable personal income [A]
D-23
J.4. Gross state product [A]
D-24
K. Local area table:
K.i. Personal income by metropolitan area [A]... D-25
L. Charts

D-27
Appendixes

Appendix A: Additional information about
the NIPA estimates:

Statistical conventions
Reconciliation tables [QA]

D-29
D-30

Appendix B: Suggested reading

D-31

D-2

• National Data

SURVEY OF CURRENT BUSINESS

December 1999

National Data
A. Selected NIPA Tables
This issue of the SURVEY features an article that describes the recently released comprehensive
revision in detail and an extensive set of NIPA tables that present the revised estimates. As a
resulty sections A, By and C and the NIPA charts in section E will not be shown this month. For
additional information on the comprehensive revision, go to www.bea.doc.gov/bea/bench.htm on
the BEA Web site.




National Data •

SURVEY OF CURRENT BUSINESS

December 1999

D-3

D. Domestic Perspectives^
This table presents data collected from other government agencies and private organizations, as noted. Quarterly
data are shown in the middle month of the quarter.
Table D.1.—Domestic Perspectives
1998
1997

1999

1998
Sept.

Oct.

Nov.

Dec.

Jan.

Feb. | Mar.

|

Apr.

May

June

July

Aug.

Sept.

Oct.

Consumer and producer prices, (monthly data seasonally adjusted)1
Consumer price index for all urban consumers,
1982-84=100:
All items
Less food and energy
Services

160.5
169.5
179.4

163.0
173.4
184.2

163.6
174.5
185.2

163.9
174.8
185.5

164.2
175.0
186.0

164.4
175.6
186.3

164.6
175.7
186.5

164.7
175.8
186.9

165.0
176.0
187.5

166.2
176.7
188.1

166.2
176.9
188.3

166.2
177.0
188.5

166.7
177.3
189.0

167.2
177.5
189.3

167.9
178.1
189.8

168.2
178.4
190.2

Producer price index, 1982=100:
Finished goods
Less food and energy
Finished consumer goods
Capital equipment
Intermediate materials
Crude materials

131.8
142.4
130.2
138.2
125.6
111.1

130.6
143.7
128.9
137.5
123.0
96.7

130.6
144.1
128.8
137.6
122.4
91.6

131.0
144.3
129.3
137.7
122.2
93.9

130.7
144.4
128.9
137.8
121.9
93.8

131.3
145.9
129.7
137.7
121.1
90.4

131.7
145.6
130.2
137.6
121.1
90.9

131.1
145.7
129.5
137.7
120.7

131.5
145.6
130.0
137.5
121.1
89.1

132.2
145.7
130.9
137.7
121.9
91.3

132.4
145.8
131.2
137.7
122.3

132.4
145.6
131.2
137.4
122.7
97.2

132.6
145.6
131.6:
137.3
123.3
96.8

133.3
145.5
132.5
137.3
124.3
101.3

134.7
146.6
134.2
137.6
124.7
106.5

134.5
147.0
133.8
138.0
125.1
104.8

-0.33

-0.15
.46

0.26
.47

-0.82
.41

0.46
.42

Money, interest rates, and stock prices
Money stock (monthly and quarterly data
seasonally adjusted):2
Percent change:
M1
M2
Ratio:
Gross domestic product to M1
Personal income to M2
Interest rates (percent, not seasonally adjusted):2
Federal funds rate
Discount rate on new 91-day Treasury bills
Yield on new high-grade corporate bonds
10-Year U.S. Treasury bonds
Yield on municipal bonds, 20-bond average
Mortgage commitment rate
Average prime rate charged by banks
Index of stock prices (not seasonally adjusted):3
500 common stocks, 1941-43=10

0.23
1.03

0.53
.96

0.80

0.40
.85

-0.22
.55

0.15
.47

0.86
.22

0.58
.74

-0.32
.39

7.761
1.768

8.115
1.743

1.737

1.730

8.227
1.732

1.716

1.717

8.284
1.718

1.718

1.714

8.279
1.714

1.721

1.718

8.463
1.717

1.711

1.725

5.46
5.07
7.40
6.35
5.52
7.60
8.44

5.35
4.81
6.44
5.26
5.09
6.94
8.35

5.51
4.74
6.27
4.81
4.99
6.72
8.49

5.07
4.08
6.21
4.53
4.93
6.71
8.12

4.83
4.44
6.42
4.83
5.03
6.87
7.89

4.68
4.42
6.13
4.65
4.98
6.72
7.75

4.63
4.34
6.14
4.72
5.01
6.79
7.75

4.76
4.45
6.33
5.00
5.03
6.81
7.75

4.81
4.48
6.52
5.23
5.10
7.04
7.75

4.74
4.28
6.58
5.18
5.08
6.92
7.75

4.74
4.51
6.86
5.54
5.18
7.15
7.75

4.76
4.59
7.21
5.90
5.37
7.55
7.75

4.99
4.60
7.20
5.79
5.36
7.63
8.00

5.07
4.76
7.36
5.94
5.58
7.94
8.06

5.22
4.73
7.38
5.92
5.69
7.82
8.25

5.20
4.88
7.51
6.11
5.92
7.85
8.25

872.72 1,084.31 1,020.64 1,032.47 1,144.43 1,190.05 1,248.77 1,246.58 1,281.66 1,334.76 1,332.07 1,322.55 1,380.99 1,327.49 1,318.17 1,300.01
Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)l

Civilian labor force
Labor force participation rates (percent):
Males 20 and over
Females 20 and over
16-19 years of age
Civilian employment
Ratio, civilian employment to working-age
population (percent)
Persons engaged in nonagricultural activities ....
Employees on nonagricultural payrolls
Goods-producing industries
Services-producing industries
Average weekly hours, manufacturing (hours) ...
Average weekly overtime hours, manufacturing
(hours)
Number of persons unemployed
Unemployment rates (percent):
Total
15 weeks and over
Average duration of unemployment (weeks)
Nonfarm business sector, 1992=100:
Output per hour of all persons
Unit labor costs
Hourly compensation

See footnotes at the end of the table.




138,816 139,091 139,019 139,408 139,254 139,264 139,386 139,662

136,297

137,673

77.0
60.5
51.6
129,558

76.8
60.4
52.8
131,463

77.1
77.0
60.8
60.9
53.2
52.4
131,818 131,858 132,113 132,526 133,396 133,144

76.7
76.7
76.5
76.6
76.5
76.6
76.7
76.5
60.7
60.7
60.6
60.6
60.7
60.8
60.6
61.0
52.4
51.4
50.9
51.7
52.1
51.9
52.1
51.1
133,033 133,069 133,224 133,432 133,307 133,411 133,550 133,896

63.8
126,159
122,690
24,962
97,727
42.0

64.1
128,085
125,826
25,347
100,480
41.7

64.1
64.1
64.4
64.2
64.0
64.5
128,348 128,300 128,765 129,304 130,097 129,817
126,361 126,567 126,841 127,186 127,378 127,730
25,333 25,306 25,298 25,354 25,315 25,329
101,028 101,261 101,543 101,832 102,063 102,401
41.7
41.7
41.7
41.6
41.6
41.6

64.3
129,752
127,813
25,285
102,528
41.5

138,081 138,116 138,193 138,547 139,347 139,271

76.8
60.4
53.5

76.7
60.4
53.1

76.8
60.4
52.4

76.8
60.6
52.9

64.2
129,685
128,134
25,288
102,846
41.6

64.2
129,929
128,162
25,199
102,963
41.7

64.3
130,078
128,443
25,180
103,263
41.7

64.1
130,015
128,816
25,247
103,569
41.9

4.8

4.6

4.5

4.5

4.5

4.5

4.5

4.5

4.5

4.3

4.6

4.7

4.7

6,739

6,210

6,263

6,258

6,080

6,021

5,950

6,127

5,783

6,022

5,795

5,975

5,947

4.9
1.5
15.8

4.5
1.2
14.5

4.5
1.2
14.3

4.5
1.2

4.4
1.2

4.3
1.1

14.1

14.4

4.3
1.1
14.1

4.4
1.1
13.8

4.2
1.0
13.5

4.3
1.0
13.1

4.2
1.1
13.4

4.3
1.2
14.5

4.3
1.1
13.6

107.2
106.1
113.8

110.2
108.6
119.7

111.5
109.4
122.0

13.4

112.2
109.8
123.3

112.4
111.0
124.7

64.2
64.1
64.1
130,192 130,413 130,693
129,296
128,945
25,148 25,163 25,180
103,797 103,823 104,116
41.7
41.8
41.8
4.7
4.6
4.7
5,766
5,853
5,836
4.1
4.2
4.2
1.0
1.0
1.0
13.2
13.2
12.8
113.6
111.1
126.2

D-4

• National Data

SURVEY OF CURRENT BUSINESS

December

Table D.1.—Domestic Perspectives—Continued
1998
1997

1999

1998
Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Construction (monthly data seasonally adjusted at annual rates)

June

July

Aug.

Sept.

Oct.

4

Total new private construction put in
place (billions of dollars)
Residential .
Nonresidential

475.1
265.9
167.6

520.1
294.3
181.9

524.3
299.8
181.6

528.7
302.1
184.8

534.7
306.3
186.6

541.6
310.3
190.0

543.5
315.8
185.8

548.7
318.5
189.0

555.4
323.1
189.3

547.9
322.2
184.4

546.9
321.8
184.2

546.9
320.9
182.9

546.4
320.4
183.3

541.7
318.8
181.0

539.8 537.6
318.8 319.9
180.0 177.4

Housing starts (thousands of units):
Total
1-unit structures

1,474
1,134

1,617
1,271

1,576
1,251

1,698
1,298

1,654
1,375

1,750
1,383

1,820
1,393

1,752
1,380

1,746
1,394

1,577
1,260

1,668
1,389

1,607
1,305

1,680
1,332

1,655
1,289

1,626 1,628
1,289 1,325

804

886

861

903

985

958

908

909

885

952

914

932

929

923

New 1-family houses sold
(thousands of units)

Manufacturing and trade, inventories and sales (millions of dollars, monthly data seasonally adjusted)

848

Inventories:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade

1,060,326 1,095,042 1,088,414 1,091,438 1,095,493 1,095,042 1,095,209 1,098,308 1,103,619 1,105,654 1,108,901 1,112,311 1,115,790 1,119,251 1,123,357
456,133 466,798 468,552 471,031 471,000 466,798 464,867 464,198 463,578 463,194 463,742 462,690 465,043 464,351 465,346
273,885 287,484 284,138 284,496 286,145 287,484 286,698 288,638 289,360 289,636 290,216 291,367 293,982 295,558 297,770
330,308 340,760 335,724 335,911 338,348 340,760 343,644 345,472 350,681 352,824 354,943 358,254 356,765 359,342 360,241

Sales:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade

9,025,137
3,929,419
2,480,049
2,615,669

9,333,267
4,052,248
2,535,008
2,746,011

781,291
340,481
211,305
229,505

783,878
340,133
211,366
232,379

788,294
341,423
212,367
234,504

796,583
344,247
215,550
236,786

794,865
341,673
213,597
239,595

803,481
343,724
216,138
243,619

812,055
349,065
219,595
243,395

812,237
347,568
219,921
244,748

821,761
350,624
223,909
247,228

829,593
354,702
227,863
247,028

986

4

834,062
357,301
227,293
249,468

844,439
361,844
229,827
252,768

842,339
358,874
230,916
252,549

Industrial production indexes and capacity utilization rates (monthly data seasonally adjusted)2
Industrial production indexes,
1992=100:
Total
By industry:
Durable manufactures
Nondurable manufactures....
By market category:
Consumer goods
Capacity utilization rates (percent):
Total industry
Manufacturing

127.1

132.4

133.5

134.1

133.8

133.8

134.1

134.5

135.1

135.5

136.2

136.6

137.4

137.6

137.6 138.5

148.0
111.2

160.7
111.6

164.6
110.4

165.8
111.2

165.4
111.6

166.2
111.1

166.3
111.3

166.8
112.3

168.1
111.8

169.4
111.5

170.8
111.9

172.2
111.4

173.8
111.0

174.4
111.3

174.8 175.5
111.3 112.2

115.1

116.2

115.5

116.0

115.6

115.1

116.3

117.2

116.7

116.5

116.8

117.0

116.8

117.4

116.5 118.2

83.3
82.4

81.8
80.9

81.5
80.4

81.5
80.5

80.9
80.2

80.6
79.9

80.4
79.6

80.4
79.7

80.5
79.6

80.4
79.5

80.5
79.7

80.5
79.6

80.7
79.7

80.6
79.7

Credit market borrowing (billions of dollars, quarterly data seasonally adjusted at annual rates)2
All sectors, by instrument:
Total
Open market paper
U.S. government securities
Municipal securities
Corporate and foreign bonds ...
Bank loans, n.e.c
Other loans and advances
Mortgages
Consumer credit
Sources:
1. Bureau of Labor Statistics
2. Federal Reserve Board




1,495.1
184.1
235.9
71.4
406.7
128.2
102.8
313.3
52.5

2,124.9
193.1
418.3
96.8
535.6
145.0
158.5
509.8
67.6

2,332.7 ...
83.0
619.1
89.6 ...
440.9
143.0 ...
262.7
624.4
69.9

2,481.3
161.1
517.1
1007
7674
621
152.9
593.5
1266
3. Standard and Poor's, Inc.
4. Bureau of the Census
n.e.c. Not elsewhere classified

1,836.4
34.1
4671
480
5025
380
1100
583.5
53.2

80.4
79.5

80.7
79.7

National Data •

SURVEY OF CURRENT BUSINESS

December lppp

E. Charts.

OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
y.
Mar

rllmll

Mar

JanJIyJIyNw

JlyMar

:

JanJIyJIyNw

JlyMar

jipRODUCER PRICE INDEX (PERCENT CHANGE)

CONSUMER PRICE INDEX (PERCENT CHANGE)

28-I

.

24 4.

14 •

12 -

n i l I A" iterns less food and energy

LlFinished goods lass food and energy

(/ Ml

n

20

8

-

12-

6

-

8-

4

-

1

0 -2

1 1 1 II
74

Index

*v

If viy

2 -

76

Mar

78

v^/vV

| | All items

1

1 1 1 1 1 1 1 1 1 II

II
80

VI

16-11

10 -

82

84

86

88

JanJIyJIyNw

90

92

1 1 111
9© 9o

94

JlyMar

A

Lyr\

4-

All

0-4 - ;

|JFinishedgo||

o

I I I I I i I I I I I I I I I 1 I I I I I I I I I
74 76
Percent
..
Mar

78

80

82

84

86

88

JanJIyJIyNw

90

92

94

96

98

JlyMar

CAPACITY UTILIZATIOHHATE

INDUSTRIAL PRODUCTION INDEX, 1992=100
130 90120 -

/
85-

110 80-

100 90 -

rvV

80 70 00

If

75-

70Manufacturing

V

I I I I I I I
I I I I I I I I I I I I 1
74 76 7 8 8 0
8 2 8 4 8 6 8 8 9 0 9 2 9 4
Hours
,,,
Mar
JanJIyJIyNw
JlyMar

i i i
96 98

65
74

40 -

39 -

f IV

v

38 -

37

I I I I I I I
'4

76

7 8 8 0

JlyMar

/V

5 -

A/V
4 -

r

3 -

I I I I I I I I I I ! I I
8 2 8 4 8 6 8 8

9 0 9 2 9 4

US. Department of Commerce, Bureau of Economic Analysis




JanJIyJIyNw

jWERAGE WEEKLY OVERTIME HOURS, MANUFACTURING

A

41 -

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
76 78 80 8 2 8 4 8 6 8 8 9 0 9 2 9 4
9698

g'^Mar

AVERAGE WEEKLY HOURS, MANUFACTURING

42 -

\i

1 1 1

96

98

2

1 1 1 1 1 1 1 1 1 II 1 1 II
74 76 78 80 82 84 86 88

1 1 1 1 II
90 92 94

i 1 11
96 98

D-5

D-6 • National Data

December 1999

SURVEY OF CURRENT BUSINESS

OTHER INDICATORS OF THE DOMESTIC ECONOMY
Pwcont
Mar
12

JyMar

JanJyJyNw

JyMar

JanJyJtyNw

UNEMPLOYMENT RATE

A

10-

Total

8-

jV
4-

2"

/V

A

A

15Weeks+

•

^.

n

I I I I I I I II [T I I I I I I I I I I I I I I
74 76 78 80 8 2 8 4 8 6 8 8
909294
9698
Percent
Mar
JanJyJyNw
JyMar

74

I I I II
76

I I I I I I I I I I II

78 80

82 84

86

88

I I II

90 92

94

II

II

96 98

JyMar

MONEY SUPPLY
(PERCENT CHANGE)

20 -

15"

0-

-5"

-10

i i i i i i i i r i ] 1 T i i
74 76 78 60 8 2 8 4 8 6 8 8
Millions
Mar
JanJyJIyNov

1 i i i i r i i i i
9 0 9 2 9 4
9698
JyMar

i i 1 1 1 \\ 1 1 1 1 1 r 1 1 1 1 1 1 1 1 1 1 1 1
74 7 6
Thousands
Mar
1200

7 8 8 0
8 2 8 4 8 6 8 8
JanJyJyNw

90 92 94

9 6 9 8

JyMar

SALES OF NEW ONE-fiWIILY HOUSES

1000-

200
I I I I I I I I I I I I I I I I I I I I I I I I I
74 7 6 7 8 8 0 8 2 8 4 8 6 8 8
9 0 9 2 9 4
9 6 9 8
U.S. Dspsrfmtnt of Commerce, Bureau of Economic Analysis




74

I I I I I I I I I I I I I I M M
I I I T 1 \ I
7 6 78 80 8 2 8 4 8 6 8 8
9 0 9 2 9 4
9 6 9 8

International Data •

SURVEY OF CURRENT BUSINESS

December 1999

D-7

International Data
F. Transactions Tables.
Table F.i includes the most recent estimates of U.S. international trade in goods and services; the estimates were
released on November 18,1999 and include "preliminary" estimates for September 1999 and "revised" estimates
for August 1999. The sources for the other tables in this section are as noted.
Table F.1.—U.S. International Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
1997
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

938,543

933,907

76,227

77,234

79,617

79,126

78,161

77,833

77,025

77,047

78,113

77,978

78,623

79,122

82,443

81,705

Goods
Foods, feeds, and beverages
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods (nonfood), except automotive
Other goods
Adjustments1

679,715
51,507
158,226
294,549
74,029
77,366
33,505
-9,468

670,246

54,624
3,668
12,127
24,329
5,872
6,690
3,256
-1,320

55,472
3,316
12,021
25,480
6,115
6,687
2,798

57,193
4,018
12,371
26,117
6,156
6,620
3,119
-1,208

56,926

56,005
3,992
11,832
25,470
6,186
6,530
3,181
-1,186

55,263
3,641
11,269

54,326
3,559

55,269

25,619
6,049
6,573
3,066
-953

54,704
3,602
11,383
24,895
5,969
6,805
3,163
-1,113

11,430
24,900
5,845
6,517
3,113
-1,038

55,121
3,736
11,746
24,954
6,086
6,501
3,240
-1,143

55,472
3,842
11,720
24,842
6,501
6,544
3,225
-1,202

55,890
3,812
11,527
25,741
6,098
6,653
3,090
-1,032

59,139
3,933
12,523
27,357

-855

58,549
4,031
13,062
26,503
6,212
6,855
2,972
-1,086

Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts
U.S. Government miscellaneous services

258,828
73,301
20,789
27,006
33,781
85,566
17,561
824

21,762
5,769
1,717
2,108
3,064
7,781
1,256
67

22,424
5,953
1,627
2,253
3,266
7,821
1,435

22,200
5,904
1,626
2,197
3,314
7,672
1,417
70

22,156

22,570
5,973
1,621
2,128
3,144
7,879
1,757

22,321
6,031
1,659
2,129
3,105
8,037
1,291

22,721
6,134
1,715
2,244
3,088
8,179
1,292

22,844
6,147
1,722
2,235
3,124
8,213
1,333
70

22,857
6,079
1,742
2,212
3,132
8,195
1,428

23,151
6,148
1,776
2,268
3,140
8,241
1,473
105

23232

71,250
19,996
25,518
36,808
92,116
17,155
818

21,603
5,718
1,682
2,137
2,999
7,719
1,282
66

23,304
6,291
1,804
2,322
3,160
8,180
1,478

23,156
6,220
1,784
2,319
3,171
8,212
1,381

1,043,273 1,098,189

96,900

99,368

103,227

104,008

80,603
3,548
16,965
23,279
13,706
19,351
3,483
271

83,020
3,635
17,974
24,199
14,588
18,908
3,503
213

86,651
3,759
18,199
25,460
15,473
19,919
3,563
277

87,312
3,674
18,670
25,492
15,466
20,204

16,297
5,068
1,710
2,717
1,074
4,294
1,194
240

4,952
1,756
2,746
1,081
4,368
1,201
244

16,576
4,975
1,850
2,827
1,087
4,387
1,205
245

Exports of goods and services

Imports of goods and services
Goods
Foods, feeds, and beverages
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and parts
Consumer goods (nonfood), except automotive
Other goods
Adjustments1
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U.S. Government miscellaneous services
Memoranda:
Balance on goods
Balance on services
Balance on goods and services

876,366
39,694
213,767
253,282
139,812
193,811
29,338

166,907
52,051
18,138

43,909
11,698
2,762

46,397
148,266
299,612
73,157
79,261
35,444
-11,892

263,661

-946

92,086

92,409

93,975

917,178
41,243
200,140
269,557
149,054
216,515
35,387
5,282

76,914
3,418
16,876
22,321
12,291
18,102
3,207

77,084
3,420
16,508
22,431
12,752
18,295
3,130
549

78,183
3,432
16,549
22,948
13,045
18,402
3,217

181,011
56,105
19,797
30,457
11,292
47,670
12,841
2,849

15,172
4,640
1,669
2,598

15,325
4,734
1,686
2,538
906
4,091
1,111

15,792
4,832
1,771
2,760
950
4,108
1,120
251

889
4,026
1,093
257

6,081
1,590
2,125
3,314
7,747
1,229
70
92,402

93,979

95,540

78,464

77,064

3,445
16,241
23,132
13,377
18,470
3,278
522

3,515
15,289
22,466
13,887
18,362
3,278
267

78,612
3,528
15,537
23,082
13,989
18,911
3,393
171

79,876
3,516
15,388
23,645
14,306
19,447
3,364
213

80,006
3,384
16,037
23,038
14,611
18,925
3,784
226

15,325
4,602
1,695
2,588
974
4,082
1,135
249

15,338
4,697
1,659
2,501

15,367

15,664
4,890
1,678
2,528
1,061
4,113
1,168
226

16,352

1,151
245

4,742
1,627
2,508
1,040
4,064
1,157
229

5,215
1,809
2,690
1,075
4,158
1,178
227

3,741
11,606
25,085
6,174
6,737
2,919

6,692
6,582
2,909

6,277
1,824
2,261
3,150
8,242
1,410

105,992 106,113
89,140
3,689
20,285
24,945
15,340
20,228

3,610
197

89,271
3,669
19,932
25,134
15,727
20,246
4,095
468

5,042
1,853
2,826
1,092
4,383
1,256
244

16,721
5,051
1,814
2,965
1,095
4,312
1,239
245

16,973
5,124
1,845
3,025
1,101
4,304
1,330
244

3,795

-196,652 -246,932 -22,291 -21,611 -20,990 -21,539 -21,059 -23,350 -25,173 -25,681 -25,334 -27,899 -31,179 -31,422 -30,132 -30,591
6,437
6,632
6,875
6,657
91,921
82,650
6,818
7,203
6,547
6,431
6,369
6,509
6,536
6,183
6,575
6,583
-104,731 -164,282 -15,860 -15,174 -14,358 -14,664 -14,241 -16,147 -18,516 -19,312 -18,787 -21,390 -24,604 -24,886 -23,549 -24,408

p Preliminary.
r
Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and
definitions used to prepare BEA's international and national accounts.




3,866
12,483
25,696
6,341
6,647
3,500

Sept.*

2. Contains goods that cannot be separately identified.
Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census

D-8

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

Table F.2.—U.S. International Transactions
[Millions of dollars]
Seasonally adjusted

Not seasonally adjusted
(Credits +; d e b i t s - ) 1

Line

\\p

Current account
Exports of goods and services and income receipts

1,192,231

300,755

299,641

288,254

303,581

293,632

302,419

302,289

298,463

291,493

299,985

295,932

301,539

933,907

233,738

232,905

226,261

241,003

229,124

235,179

235,831

231,889

229,284

236,904

231,904

234,526

Goods, balance of payments basis 2

670,246

170,371

168,021

157,386

174,468

163,344

168,257

170,665

165,198

164,259

170,124

164,292

165,674

Services3
Transfers under U.S. military agency sales contracts 4

263,661

68,875
3,979

66,535
4,081

65,780
4,340

66,780
4,081
17,938
4,843
6,575

67,612
4,340
18,138
4,995
6,501

68,852
4,234

17,903
4,916
6,338

65,025
3,979
17,149
5,052
6,339
9,029
23,278
199

9,894
23,240
209

9,337
24,095
206

9,396
24,649
244

62,209
61,744
23,124
37,744
876
465

63,081
62,617
25,639
36,019
959
464

64,028
63,558
26,910
35,760
888
470

67,013
66,542
28,466
37,274
802
471

Exports of goods and services

Travel
Passenger fares
Other transportation.

25,518

63,367
4,606
15,652
4,581
6,201

Royalties and license fees 5
Other private services s
U.S. Government miscellaneous services

92,116
818

8,655
23,453
219

4,489
18,119
5,000
6,261
8,716
22,108
191

258,324
256,467
102,846
150,001
3,620
1,857

67,017
66,553
27,804
37,826
923
464

66,736
66,273
27,095
38,412
766
463

17,155
71,250

Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
Imports of goods and services and income payments
2

Services 3
Direct defense expenditures

17,125
4,682
6,689

15,809
4,651
6,362

8,866
23,377
199

10,571
23,178
209

9,124
25,288
206

9,088
23,382
244

8,882
22,302
219

4,489
18,260
5,185
6,268
9,002
23,296
191

61,993
61,528
22,779
37,744
1,005
465

62,578
62,113
25,168
36,019
926
465

64,508
64,038
27,313
35,760
965
470

67,240
66,769

66,458
65,994
27,338
37,826
830
464

66,574
66,111
26,744
38,412
955
463

37,274
630
471

-1,368,718 -324,302 -341,493 -351,539 -351,384 -342,780 -371,671
-1,098,189 -258,689 -273,914 -282,050 -283,536 -275,023 -299,799
-218,032
-239,118
-917,178
-227,633 -232,395
-230,903 -249,365
-40,657
-44,418
-181,011
-44,120 -50,434
-3,098 -46,281 -49,655
-3,406
-12,841
-3,600
-3,061
-3,503
-3,276 -12,016
-11,662
-56,105
-17,234
-15,193
-16,110
-12,543
-4,232
-4,518
-19,797
-5,722
-5,325
-5,713
-4,691
-7,147
-7,957
-30,457
-6,219
-7,554
-7,820
-7,533
-2,939
-3,081
-2,587
-11,292 -10,907
-3,116
-3,162
-2,685 -12,695
-12,947
-47,670
-672 -11,915 -12,153
-745 -11,985
-2,849
-667
-729
-682
-765
-65,613
-67,848
-270,529 -63,987 -67,579
-65,907 -67,757 -71,872
-263,423 -10,012
-67,631 -10,800 -66,024 -70,118
-43,441
-11,540
-11,596
-31,292
-32,408
-31,849 -33,314
-31,759 -32,035
-22,683
-22,699
-91,119
-22,669 -23,155
-22,960 -22,777
-1,626
-1,941
-7,106
-1,733
-1,681
-1,858
-1,754
-10,143
-9,494 -10,607 -13,831 -10,420
-44,075
-10,761
-2,340
-5,742
-2,168
-13,057
-2,200
-2,807
-2,802
-1,025
-1,541
-919
-4,350
-893
-865
-649
-6,778
-6,548
-6,407
-26,668
-7,327
-6,935
-7,110

Imports of goods and services
Goods, balance of payments basis

20,354
5,733
6,367

66,922
4,234
18,215
5,049
6,710

'..

Travel
Other transportation
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services
Income payments
Income payments on foreign-owned assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6

4,606

18,374
5,240
6,715

-335,380 -340,977 -344,182 -348,180 -354,246 -370,937
-269,169 -273,850 -275,008 -280,166 -285,878 -299,542
-233,711
-238,495 -250,320
-225,541 -228,698 -229,228
-46,455
-47,383 -49,222
-43,628 -45,152 -45,780
-3,406
-3,503
-3,061
-3,276
-3,600
-3,098
-14,131
-14,847
-14,995
-13,736 -14,168 -14,070
-5,125
-5,114
-5,316
-4,958
-5,085
-4,629
-7,849
-7,700
-7,726
-8,290
-7,321
-7,590
-2,923
-2,694
-3,242
-2,721 -12,276
-3,176
-2,955
-13,050
-11,217 -12,014 -12,163
-745 -12,335
-667
-672
-765
-682
-729
-68,014
-66,211 -67,127 -69,174 -66,188
-71,395
-64,476 -65,376 -67,381 -11,081 -66!504 -69,553
-10,501 -10,567 -11,290
-12,076 -14,363
-32,408
-31,292 -31,849 -33,314
-31,759 -32,035
-22,699
-22,683 -22,960 -22,777
-22,669 -23,155
-1,826
-1,793
-1,842
-1,735
-1,751
-1,864
-13,474 -10,340
-10,787
-9,927
-11,275
-5,742
-2,200
-2,807
-2,802
-2,340
-2,168
H.079 -1,095 -1,106 -1,071 -1,104 -1,110
-6,661
-7,036
-6,874
-6,623
-6,508
-7,363

Capital and financial account
Capital account
Capital ac

617

unt tram ictions, net

143

148

166

166

180

160

148

166

180

-18,746 -125,361

-59,599 -120,517

-62,097

-50,607

-15,148 -124,161

4,068

1,159

-1,945

-2,026

-2,369

4,068

1,159

563
3
3,502

-190
1,413
-64

-182
-85
-177

72
-1,031
-986

-2,078
-136

-227
-1,924
-218

563
3
3,502

-190
1,413
-64

119
-1,304
1,545
-122

-380
-2,063
1,866
-183

-81
-1,192
1,133
-22

-483
-1,156
699
-26

185
-1,285
1,332
138

-50
-1,043
938
55

119
-1,304
1,545
-122

-380
-2,063
1,866
-183

-59,074 -118,089
-37,300 -43,172
-14,116 -32,886
-6,596 -14,327
-1,062 -27,704

-60,256
-21,586
14,994
-20,320
-33,344

-48,188
-30,773
-70,809
16,202
37,192

143

Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-))

-2,026

72
-1,031
-986

-2,078
-136

-227
-1,924
-218

U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net

^29
-4,676
4,102
145

-61
-1,192
1,133
-22

-483
-1,156
699
-26

185
-1,285
1,332
138

-50
-1,043
938
55

-62,363 -119,424
-40,589 -44,507
-14,116 -32,886
-6,596 -14,327
-1,062 -27,704

-61,651
-22,981
14,994
-20,320
-33,344

-42,167
-24,752
-70,809
16,202
37,192

Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
"....' ..'.'...'.'.
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12

71
72
73
74
75
76

-63,492

-1,945
-182
-85
-177

Foreign-owned assets in the United States, net (increase/financial lnfk>w(+)) ....

70
70a

-62,888 -121,852

-6,784
-149
-5,118
-1,517

U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns ...
U.S. claims reported by U.S. banks, not included elsewhere

67

-292,818

U.S. official reserve assets, net
Gold 7
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies

. ...

Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. liabilities reported by U.S. banks, not included elsewhere
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 1 3

-285,605
-132,829
-102,817
-25,041
-24,918

-19,335 -124,940
-41,385 -35,042
8,132 -26,387
-13,853 -26,429
27,771 -37,082

502,637

96,693

163,275

94,776

147,893

242,169

96,817

162,466

93,547

149,805

88,860

241,047

-21,684
-3,625
-9,957
6,332
-3,113
-11,469
-3,477

11,004
13,946
11,336
2,610
-1,028
-958
-956

-10,551
-20,064
-20,318
254
-807
9,488
832

-46,489
-30,905
-32,811
1,906
-224
-12,866
-2,494

24,352
33,398
31,836
1,562
-1,054
-7,133
-659

4,708
6,793
800
5,993
-1,594
-589
98

-986
-916
-6,708
5,792
-770
1,202
-502

11,004
13,946
11,336
2,610
-1,028
-958
-956

-10,551
-20,064
-20,318
254
-807
9,488
832

-46,489
-30,905
-32,811
1,906
-224
-12,866
-2,494

24,352
33,398
31,836
1,562
-1,054
-7,133
-659

4,708
6,793
800
5,993
-1,594
-589
98

-986
-916
-6,708
5,792
-770
1,202
-502

524,321
193,375
46,155
218,026
16,622
9,412
40,731

-2,557
76,810
746
32,707
-48,909

141,265
26,135
-1,438
20,103
7,277
11,875
77,313

123,541
118,593
24,391
49,328
6,250
-53,210
-21,811

83,928
22,725
-6,781
61,540
2,440
20,188
-14,184

243,155
119,679
-5,517
77,272
3,057
-710
49,374

85,813
27,016
-2,557
76,810
746
32,707
-48,909

125,453
120,505
24,391

84,152
22,949
-8,781
61,540
2,440
20,188
-14,184

242,033
118,557
-5,517
77,272
3,057
-710
49,374

-258

42,460

-41,839

-10,488

-36,975

5,657
5,915

173,017
20,946
25,759
71,785
2,349
18,040
34,138
10,291
528

140,036
24,906
-1,438
20,103
7,277
11,875
77,313

10,126

173,826
21,755
25,759
71,785
2,349
18,040
34,138
9,763

-5,224
5,264

-36393
582

-246,932
82,650
-164,282
-12,205
-44,075
-220,562

-47,661
22,710
-24,951
1,404
-10,143
-33,690

-59,612
18,603
-41,009
-843
-9,494
-51,346

-75,009
19,220
-55,789
-7,496
-10,607
-73,892

-64,650
22,117
-42,533
-5,270
-13,831
-61,634

-67,559
21,660
-45,899
-3,249
-10,420
-59,568

-61,108
16,488
-64,620
-4,632
-10,761
-60,013

-54,876
21,538
-33,338
247
-9,927
-43,018

-74,203
20,229
-53,974
-4,340
-10,340
-68,654

-84,646
19,630
-65,016
-4,382
-11,275
-80,673

p Preliminary.
r
Revised.
1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the United States;
capital account transactions receipts; financial inflows-increase in foreign-owned assets (U.S. liabilities) or decrease
in U.S.-owned assets (U.S. claims).
Debits, - : Imports of goods and services and income payments; unilateral current transfers to foreigners; capital
account transactions payments; financial outflows-decrease in foreign-owned assets (U.S. liabilities) or increase in
U.S.-owned assets (U.S. liabilities) or increase in U.S.-owned assets (U.S. claims).




-22,933 -126,140
-44,983 -36,242
8,132 -26,387
-13,853 -26,429
27,771 -37,082

-63,500
21,539
-41,961
-553
-52,400

31,878
-10,582
-64,969
19,245
-45,724
-6,965
-10,787
-63,476

6,250
-53,210
-21,811
-37,695
4,144
-63,587
20,325
-43,262
-4,933
-13,474

2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents,
excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects
various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis;
see table 2 in "U.S. International Transactions, Second Quarter 1999" in the October 1999 issue of the SURVEY.
3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship
operators in lines 8 and 25.
4. Includes transfers of goods and services under U.S. military grant programs.

International Data •

SURVEY OF CURRENT BUSINESS

December 1999

D-9

Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
European Union 14

Western Europe
(Credits +; debits - ) >

Line

1998

1999

1999

European Union (6) 1 5

United Kingdom

1999

1998

1999

\\p

Current account
Exports of goods and services and income receipts
Exports of goods and services
Goods, balance of payments basis
Services

2

3

Transfers under U.S. military agency sales contracts4
Travel....
Other transportation
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services
Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
Imports of goods and services and income payments .
Imports of goods and services

93,901

85,414

85,586

84,700

26,094

26,593

26,519

45,575

44,932

44,183

64,269
40,227
24,042
1,100
5,784
1,743
1,796
4,476
9,108
35

59,656
36,961
22,695
916
5,180
1,609
1,658
5,267
8,031
34

58,946
38,499
20,447
589
4,402
1,426
1,540
4,366
8,091
33

58,378
36,899
21,479
601
5,306
1,688
1,553
4,217
8,084
30

16,208

16,267

16,176

33,500

32,458

32,073

8,741

9,809
6,458

9,318

22,443

22,381

21,606

6,858
100

11,057
403

10,077

10,467

1,975
564

2,317
814
791

169
2,030
734
724

2,424
866
747

2,931
3,782
19

2,578
3,830
12

2,448
3,815
14

29,632
29,595

25,758
25,726
11,607
13,908

26,640
26,606

26,322
26,288
11,869
14,309
110
34

12,110
12,096
6,377
5,626

211
32

12,232
14,130
244
34

-93,187
-63,252
-47,386
-15,866
-1,627
-3,078
-1,838
-2,325
-1,757
-4,992
-249
-29,935
-29,867
-6,093
-14,662
-9,112
-68
176

-91,871
-60,195
-44,717
-15,478
-1,704
-3,284
-1,869
-2,103
-1,788
-4,504
-226
-31,676
-31,606
-7,950
-14,368
-9,288
-70
296

-100,098
-66,955
-47,935
-19,020
-1,710
-5,568
-2,838
-2,193
-1,651
-4,815
-245
-33,143
-33,080
-9,201
-14,649
-9,230
-63
337

387

419

56

141

135

-293
589

-302

492

-286
462

-48
398

-51
438

•48
467

-158
214

-161
302

-175
310

37

37

34

34

34

12

12

12

16

16

-53,421

-22,065

-95,940

-55,148

-17,814

-72,090

-43,262

6,178

-67,658

-16,051

-6,466

-2,386

5,502

348

5,156

-1,972

-159

-2,386

5,502
206
-62
294
-26

348

5,156

-1,972

-159

205
-50
236
19

56

-36
91
1

150
-28
165
13

139
-37
196
-20

10
-29
35
4

130
2

-51,240
-12,914
-68,487

-27,773
-21,262
21,689

-96,344
-10,503
-12,336

-60,454
-11,233
-66,779

-15,981
-17,296
20,853

-71,941
-3,674
-14,889

-43,394
-6,831
-43,315

-2,679

18,408
11,753

-23,909
-4,291

17,540
18

-22,230
2,692

16,384
-9,632
28,407

45,073

94,935

66,358
41,089
25,269
1,313
5,653
1,651
1,966
5,552
9,095
39
28,577
28,542
13,104
15,209

23,158
1,169
4,788
1,481
1,784
4,615
9,282

39
29,707
29,670
13,952
15,427
291
37

-102,986

-101,041

-70,370

-66,068
-48,566

-52,311

Services3
Direct defense expenditures

-18,059
-1,819

Travel.

-3,431
-2,042

Other transportation

-2,919

Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services

-1,982
-5,580
-286

Unilateral current transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers 6

41,287

229
35

Goods, balance of payments basis 2

Income payments
Income payments on foreign-owned assets in the United States
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees

94,152
64,445

-32,616
-32,531

-6,837
-15,928

-9,766
-65
-95
-114
-367

386

-17,502

-1,935
-3,593
-2,064
-2,554
-2,087
-5,002

-267
-34,973
-34,886
-3,059
-15,750
-10,077
-37
-30
-172
-328
470

13,731
15,738
126
37
-110,407
-74,050
-52,429
-21,621
-2,060
-6,192
-3,162
-2,674
-1,965
-5,283
-285
-36,357
-36,281
-10,155
-16,145
-9,981
-76
30
-129
-333

7,467

118

102
1,964
587
427

1,601

493

153

385

389

874
2,980
7

819
3,002

10,326
10,309
3,795
6,514

10,343
10,325
3,648
6,677

12,075

12,474

12,060
6,458
5,432
170

12,459

17

18

-32,036

-31,919

-34,918

15
-47,866

-47,166

-51,430

-14,786

-14,364

-16,158

-38,117

-35,847

-9,024
-5,762

-8,823

-9,612

-30,237

-28,096

-5,541
-166

-6,546
-160

-7,880
-1,370

-7,751
-1,440

-39,590
-30,048
-9,542

-1,108
-318
-555

-1,601
-1,206
-573

-1,478
-783
-1,153

-1,619
-762
-1,020

-2,861
-1,192
-1,086

-601
-2,271
-22

-536
-2,446
-24

-905
-2,000
-191

-363
-1,770
-177

-874
-1,893
-186

-17,555

-18,760
-18,740
-2,846
-10,708
-5,186
-20

-9,749

-11,319

-9,709
-3,423
-3,519
-2,767
^0

-11,277
-4,644
-3,658
-2,975
-42

-11,840
-11,802
-5,450
-3,328
-3,024
-38

1,275
3,104

9,871
3,402
6,446
23
15

-157
-1,098

-749
-632
-660

-17,250
-17,229
-1,703
-10,351

-5,175
-21

-17,534
-2,312
-10,041
-5,181

-21

9

6,679
5,616
164
15

93
14

-1,450

Capital and financial account
Capital account
Capital account transactions, net
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-))
U.S. official reserve assets, net
Gold 7
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
U.S. claims reported by U.S. banks, not included eisewhere

-17,257
5,156

5,156

132

-16

16

-4

16

-16

17,912

-67,658
-6,323
-24,487

-22,429
-3,147
-22,149

-16,035
-11,464
3,095

-14,819
5,768

-36,848

-165
3,032

-5,018
-2,648

55,719

39,728

6,182

5
-6,471
-1,509

-11,628

Foreign-owned assets in the United States, net (increase/financial
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities 11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking

concerns
U.S. liabilities reported by U.S. banks, not included elsewhere

70 Statistical discrepancy (sum of above items with sign reversed)

73
76

Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 1 3

92,316

134,472

79,175

7,820

-11,557

('

84,496
116,144

146,029

40,315
-42,850
(I7)
-30,787

19,506
(17)
-50,024

-11,222
7,210
^ 0,02
12

-7,279
5,656

-4,039
-95
-8,146

-1,623
-5,266
^30

-6,919

104,879
( 17 )

20,375

47,994

45,628
-41,958
-31,1O4

-22,093

-18,621

-12,202
2,421
-9,781

-10,425
6,829
-3,596
-4,177

-16,476

2
R

8

176

-7,597

16,341
-3,118
-55,406

18

-6,218
4,969
-1,249
-5,036
296
-5,989

(IS)
16,457

42,915

65,672

35,9

(18)

(18)

1S

-6,725
30

18)

-51

R

5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude
U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition
of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts
from foreign parents.
6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign
governments and taxes paid by private nonresidents to the U.S. Government.
7. At the present time, all U.S. Treasury-owned gold is held in the United States.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible




I,
?

-425

27,9

18

-37,084
-25,806
-11,036

2,459
-8,577
-6,821
337
-15,061

8

-39,870
-32,392
20,435
-283
1,705
1,422
-7,364
350

-5,592

21,863
-3,299
-46,324

I8

18

-5,825

-14,870

-294
917
1,903

-7,229
387
-4,939

312
18
-8,417
419
-7,980

12,631

-1,926
18
7,962
-36,242
-7,794
3,177
-4,617
2,326
56
-2,235

-4,591
15,167
-21,600

18

-5,715
2,326
-3,389
1,155
141

-2,093

l8

-20,149
-15,091

-8,442
925
-7,517
270
135
-7,112

bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities
of U.S. Government corporations and agencies.
11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4 in "U.S. International Transactions, Second
Quarter 1999" in the October 1999 issue of the SURVEY.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State
and local governments.

D-10

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Eastern Europe
Line

Canada

Japan

Latin America and Other Western
Hemisphere

1999

(Credits +; debits - ) '

1999

1998
\\p

Current account
Exports of goods and services and income receipts
Exports of goods and services
Goods, balance of payments basis 2
Services3
Transfers under U.S. military agency sales contracts4
Travel.
Other transportation
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees
Imports of goods and services and income payments .
Imports of goods and services
Goods, balance of payments basis 2
Services3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
Income payments
Income payments on foreign-owned assets in the United States
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants4
U.S. Government pensions and other transfers
Private remittances and other transfers6

2,572
2,387
1,412
975
107
324
38
65
74
355
12
185
183
-304
456
31
2
-3,730
-0,323
-2,744
-679
-42
-214
-78
-45
-2
-155
-43
-407
-388
-2
-92
-294
-19
-769
-392
-10
-367

Capital and financial account
Capital account
Capital account transactions, net
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-))
U.S. official reserve assets, net
Gold 7
Special drawing rights
........!....!..!.!!.!.!...
Reserve position in the International Monetary Fund
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets8
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign-owned assets in the United States, net (increase/financial inflow (+))
Foreign official assets in the United States, net
U.S. Government securities
US Treasury securities 9 ....
.
Other 10
:
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
67
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
USJiabilffiesrepffi"
70 Statistical discrepancy (sum of above items with sign reversed)
Balance on goods (lines 3 and 20)
72 Balance on services (lines 4 and 21)
Balance on poods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
76 Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 13

2,156
1,213
943
67
258
40
65
67
439
7
497
495
-45
484
56
2
-4,294
-2,874
-2,402
-472
-50
-151
-57
-42
-1
-155
-16
-420
-401
-2
-97
-302
-19
-856
-424
-12
-420

2,781
2,269
1,309
960
91
319
43

342
12
512
510
28
472
10
2
-4,415
-4,003
-3,098
-905
-60
-458
-141
-62
-3
-163
-18
-412
-396
-3
-91
-302
-16
-971
-643
-419

-1,518

53,268
48,069
42,627
5,442
40
1,820
380
621
414
2,146
21
5,199
5,180
2,484
2,696

21
-51,230
-49,456
-46,000
-3,456
-22
-987
-121
-724
-112
-1,443
-47
-1,774
-1,693
-344
-1,161
-188
-81
-140

20
-52,743
-60,640
-47,684
-2,956
-14
-675
-125
-727
-114
-1,055
-46
-5,103
-2,024
-641
-1,176
-207
-79
-174

19
-57,096
-64,462
-60,154
-4,308
-18
-1,661
-177
-624
-123
-1,451
-54
-2,634
-2,558
-1,200
-1,110
-548
-76

-118
-22

-120
-54

-125
-24

-9,242

2,889

3,562

63,178
48,933
36,363
12,570
210
5,107
1,371
933
790
4,117
42
14,245
14,212
3,213
10,889
110
33
-59,348
-46,027
-37,796
-8,231
-93
-4,045
-713
-615
-66
-2,573
-126
-13,321
-11,733
-88
-8,982
-2,663
-1,588
-3,367
-474
-201
-2,692

57,854
43,520
32,125
11,395
152
4,347
1,255
820
610
4,170
41
14,334
14,297
3,979
10,212
106
37
-58,343
^5,878
-37,327
-6,551
-94
-4,028
-656
-605
-67
-2,781
-120
-12,465
-11,087
-282
-8,503
-2,302
-1,378
-3,379
-380
-154
-2,845

61,734
46,193
34,054
12,139
154
4,829
1,371
896
645
4,173
71
15,541
15,503
4,626
10,766
111
38
-63,010
-49,655
-41,215
-8,440
-96
-6,821
-715
-714
-66
-2,901
-127
-13,355
-11,888
-400
-8,961
-2,527
-1,467
-3,405
-390
-145
-2,870

72

62

59

21,426

11,682

-61,572

-6
568

-210
-29
807
-831
(.8)

8
141

R
<3
J3
18

-225
1,420
1,626

8

75
2,927
99

-1,332
-222
-769
-1,927

471
-718
77
-856
-1,497

-9,242
-1,008
-3,328
1,690
-6,596
-606
3,112

-2,644
-980
-2,787
9,300
7,951
2,904

2,107
802
775
1,729
2,173
13
1,905
1,902
580
1,265
57
3
-45,176
-65,680
-61,734
-6,946
-603
-£64
-219
-1,116
-656
-961
-27
-9,496
-9,474
-1,654
-2,909
-4,911
-22
-32

25,346
22,928
14,432
8,496
501
2,358
922
752
1,563
2,383
17
2,418
2,415
1,003
1,405
7
3
-42,970
-65,150
-31,098
-4,052
-328
-790
-200
-1,065
-627
-1,008
-34
-7,820
-7,797
65
-2,859
-6,003
-23
-101

23,792
21,088
13,282
7,806
164
2,231
869
795
1,607
2,128
12
2,704
2,701
802
1,914
-15
3
-43,872
-34,931
-30,709
-4,222
-325
-795
-227
-1,119
-697
-1,026

-25
-7

-26
-75

-23
-18

6,152
2,168

-994
-2,000

9,168
-412

2,168
-23

-2,000
12

-412
-1

-23
4,007
-626
1,863
-2,073
4,543
54,357

12
994
-499
-10,476
6,094
5,875
-21,605

-1
9,581
-541
-5,357

CD

.8)

-3,918
-1,080

-63
-8,941
-8,925
-1,558
-2,236
-6,131
-16
-41

15,479
8,901

487

-6

R

R

5,047
1,825

R

(18)
(18)

-2,889

6,102

(18)

(18)

3,507

-1,636

-687
2,833

-1,906
(17)
11,642

572
(17)
-7,962

-7,335

-6,684
-17,810
2,007

-1,789
55
-1,734
100
-971
-2,605

-5,563
1,045
-4,518
3,053
-140
-1,605

-7,614
2,278
-5,336
2,604
-174
-2,906

-7,527
1,134
-6,393
2,565
-149
-3,977

-1,433
4,339
2,906
924
-6,367
463

18

23,260
21,355
13,690

52
-301
395
-42
-31,624
-10,393
-9,355
-24,600
12,724
70,467

29
-1,138
1,172

13. Conceptually, line 76 is equal to "net foreign investment" in the national income and product accounts
(NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of
transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial




50,011
45,304
40,070
5,234
28
1,674
438
585
424
2,064
21
4,707
4,687
1,909
2,778

11

5
-1,040

49,765
44,938
40,437
4,501
14
1,219
319
585
451
1,892
21
4,827
4,806
2,026
2,780

18

18

555
-9,458
-8,813
-5,202
2,844
-2,358
1,869
-6,379
-3,868

-12,100
58,159
-64,273

18

-7,161
3,699
-3,462
2,186
-3,405
-4,681

1,389
44,310
-68,567

l8

-18,044
3,719
-14,325
-7,591
-32
-21,948

18

-1,168
-15,425
40,318
-16,666
4,444
-12,222
-5,402
-101
-17,725

18

-84
2,046

-17,427
3,584
-13,843
-6,237
-41
-20,121

pension plans except life insurance carriers and private noninsured pension plans.
14. The "European Union" includes the "European Union (6)," United Kingdom, Denmark, Ireland, Greece, Spain,
and Portugal. Beginning with the first quarter of 1995, the "European Union" also includes Austria, Finland, and
Sweden.

International Data •

SURVEY OF CURRENT BUSINESS

December 1999

D-ll

Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Australia

Une

(Credits+; d e b i t s - )

1998

1

Other countries in Asia and Africa
1999

International organizations and
unallocated16

1999
\\p

\\p

Current account
Exports of goods and services and income receipts
Exports of goods and services
Goods, balance of payments basis 2
Services3
Transfers under U.S. military agency sales contracts 4 ....
Travel

Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services ....
,

Imports of goods and services and income payments .
Imports of goods and services
Goods, balance of payments basis

4,834

4,173
2,902

3,734
2,543

5,450
4,107
2,756

1,271
44

1,191
51

1,351
100

408
123

342
123
81

416
153
86

187
406
1

187
408

86
205
402
3

Other transportation

Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
Compensation of employees

5,213

2

3

Services
Direct defense expenditures
Travel
Passenger fares
Other transportation

1,341
567
774

-2,563
-2,154

2
-2,259

2
-2,510

-1,888

-1,360

-1,093

-794

-795

-5,170
-1,372
-798
-15
-310
-141
-47
-8
-266
-11
-340
-338
-64
-193
-81
-2
-35

685

-9

-18

-283

-301
-166

-175
-55

Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services
Income payments
Income payments on foreign-owned assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers 6

1
1,343

1,100
1,098
365
733

1,040
1,038
353

-8
-253

-46
-7
-249

-11
^09
-407

-371

-132
-149
-126
-2

-153
-145
-71
-2

-8

-369

-29
-10
-29

-10
-19

56,876

51,342

53,933

7,782

7,440

7,560

51,643
38,575
13,068
2,327
2,307
378
2,143
1,205
4,629
79

45,919

47,980
34,002
13,978
2,585
2,816
490
2,229
1,198
4,568
92

1,216

1,118

1,204

1,216

1,118

1,204

136
565
515

115
493
510

203
492
509

6,566

6,322
5,970
3,358
2,396

31,674
14,245
2,372
2,042

392
2,160
1,165
6,034
80

2,792
2325
289

5,953
5,936
3,356
2,373
207

17

17

5,423
5,406

5,233
5,217
2,510
2,435
272
16
-83,204

-79,349

-87,426

-75,971

-71,961

-79,795

-67,173

-62,733

-70,388

-8,798
-1,118

-9,228
-1,064

-4,407
-1,026

-2,392
-1,170
-2,159

-2,805
-1,223
-2,230

-2,873
-1,150
-2,318

-75
-1,679
-205

-74
-1,642
-190

-1,767

-7,233
-7,089
60

-7,631
-7,530
-209
-2,442

-144

-7,388
-7,243
-159
-2,381
-4,703
-145

-6,629
-4,539

-3,414
-967

-124

-1,966

-119
-2,328

-3,468
-1,321
-121
-2,026

33

25

35

-4,620

-2,448

-1,957

-2,399
-4,750

-9
-26

-72

6,213
3,686
2,300
227
353

216
352

-3,147
-555

-2,781

-2,935

-564

-733

-555

-564

-733

-324
-180
-51

-285

-461
-182
-90

-2,592
-2,592
-1,803
-788
-1

-2,217
-2,217
-1,365
-848
-4

-2,202
-2,202
-1,339
-857

-2,770
-223
-686

-2,427
-257
-124

-2,722
^19

-1,861

-2,046

-2,219

-4,936

-3,935

-2,151

566

-3,409
1,223

-227
-1,924

563
3

-190
1,413

-185
-93
-1

-201

-4,879
-101

6,356
6,003
3,271
2,541
191
353

-6

-64

Capital and financial account
Capital account
Capital i

inttrc

1

ictions, net
Financial account

U.S.-owned assets abroad, net (increase/financial outflow (-))

1,095

-2,357

-5,810

U.S. official reserve assets, net
7

Gold

Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net

-5,805
-1,409
-974

U.S. claims reported by U.S. banks, not included elsewhere
2,200

Foreign-owned assets in the United States, net (increase/financial inflow (+)) ...

Statistical discrepancy (sum of above items with sign reversed)
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 1 3

-2,518
-3,486

-4,234
-3,193

-694
45
1,617
5,537
2

49
-7
-1,083

-4,343
-3,022
-111
-1,829
619

5,753

16,710

n

(18)

5,535
1,161

5,753
1,197

16,710
1,232

(18)

-64
is 772

-5,749
1,542
477

2,019
631
-29
2,621

15. The "European Union (6)" includes Belgium, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic
Energy Community, European Coal and Steel Community, and European Investment Bank.
16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged
in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also
includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; small transactions in business services that are not reported by country; and net U.S. currency flows, for which geographic




-267
-267

-5

U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns ....

Foreign official assets in the United States, net
U.S. Government securities
US. Treasury securities9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. liabilities reported by U.S. banks, not included elsewhere

-267
-267

-175
649
-872

18

1,450
396
1,846
729
-39
2,536

-2,907
8

1,599

18

18,210

805
18

9,889

703

20,455

20,816

1,384
553
1,937
1,003
-35
2,905

-28,598
4,270

-31,059
5,017

-24,328
-2,000
-6,629
-32,957

-26,042
-1,965
-3,414
-31,421

18

-785
36,348

6,250
37
18
-1,888
-2,466

-36,386
4,571
-31,815
-1,678
-3,468

3,974
-2,770

-36,961

1,865

-148
2,440
18
18

2,246
-4,050

554
554
4,105
-2,427
2,232

3,057
11,390
1,161

18

-15,204

471
471

4,154
-2,722
1,903

source data are not available.
17. Details not shown separately; see totals in lines 56 and 63.
18. Details not shown separately are included in line 69.
NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, Second
Quarter 1999" in the October 1999 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent
estimates from the international transactions accounts.

D-12

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

Table FA—Private Service Transactions
[Millions of dollars]
Seasonally adjusted
Line

1997

Exports of private services

1998

1999

1998

240,443

245,688

60,341

62,011

60,847

62,490

63,066

64,374

Travel (table F.2, line 6)
Passenger fares (table F.2, line 7)
Other transportation (table F.2, line 8 ) .
Freight
Port services

73,301
20,789
27,006
11,789
15,217

71,250
19,996
25,518
11,178
14,340

17,903
4,916
6,338
2,872
3,465

18,260
5,185
6,268
2,769
3,498

17,149
5,052
6,339
2,684
3,654

17,938
4,843
6,575
2,852
3,722

18,138
4,995
6,501
2,819
3,682

18,374
5,240
6,715
2,826

Royalties and license fees (table F.2, line 9) ....
Affiliated
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated
Industrial processesl
Other 2 ...!.

33,781
25,024
23,221
1,803
8,757
3,552
5,205

36,808
26,761
24,712
2,049
10,047
4,138
5,909

8,882
6,504
5,963
541
2,378
973
1,405

9,002
6,542
6,066
476
2,460
1,018
1,442

9,029
6,491
6,091
400
2,538
1,053
1,485

7,223
6,591
632
2,671
1,094
1,578

9,337
6,640
6,081
559
2,697
1,093
1,604

9,396
6,634
6,014
620
2,762
1,097
1,665

Other private services (table F.2, line 10)
Affiliated services
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated services
Education
Financial services
Insurance, net
Premiums received

85,566
27,272
17,271
10,001
58,294
8,343
11,539
2,485
6,133
3,648
3,949
22,467
9,511

92,116
28,321
18,212
10,109
63,795
8,964
13,698
2,842
6,985
4,143
3,689
24,338
10,264

22,302
6,987
4,608
2,379
15,315
2,160
3,132
683
1,657
974
955
5,858
2,527

23,296
7,114
4,631
2,483
16,182
2,251
3,778
696
1,722
1,026
926
6,017
2,513

23,278
7,184
4,411
2,773
16,094
2,310
3,419
717
1,780
1,063
900
6,164
2,583

23,240
7,036
4,561
2,475
16,204
2,243
3,369
746
1,826
1,080
908
6,299
2,640

24,095
7,454
4,560
2,894
16,641
2,312
3,419
794
1,860
1,066
882
6,544
2,690

24,649
7,224
4,422
2,802
17,425
2,309
3,939
831
1,887
1,056
872
6,746
2,728

152,447

165,321

39,858

41,424

41,739

42,304

43,198

44,893

52,051
18,138
28,959
17,654
11,305

56,105
19,797
30,457
19,412
11,048

13,736
4,629
7,321
4,548
2,773

14,168
4,958
7,590
4,858
2,732

14,070
5,085
7,700
4,999
2,701

14,131
5,125
7,849
5,006
2,843

14,847
5,114
7,726
4,864
2,862

14,995
5,316
8,290
5,368
2,922

9,390
6,967
989
5,978
2,423
1,418
1,006

11,292
8,374
1,169
7,205
2,918
1,546
1,372

2,955
2,017
290
1,727
938
372
567

2,694
2,050
273
1,777
644
382
262

2,721
2,037
298
1,739
684
392
292

2,923
2,271
308
1,963
652
401
252

3,176
2,514
304
2,210
662
408
254

3,242
2,564
316
2,248
678
414
264

43,909
17,728
8,927
8,801
26,181
1,395
3,563
6,002
15,233
9,231
8,351
6,358
511

47,670
19,095
9,730
9,365
28,575
1,538
3,771
6,908
18,581
11,673
8,125
7,684
549

11,217
4,267
2,288
1,979
6,950
356
927
1,702
4,329
2,627
2,050
1,786
129

12,014
4,856
2,424
2,432
7,158
380
1,010
1,717
4,572
2,855
2,032
1,884
135

12,163
4,974
2,453
2,521
7,189
401
932
1,736
4,770
3,034
2,014
1,968
138

12,276
4,998
2,565
2,433
7,278
401
902
1,753
4,910
3,157
2,029
2,045
148

12,335
5,033
2,581
2,452
7,302
404
834
1,816
4,998
3,183
2,024
2,103
121

13,050
5,532
2,803
2,729
7,518
423
921
1,878
5,054
3,175
2,011
2,160
124

-196,651
87,996
-108,655

-246,932
80,367
-166,565

-54,876
20,483
-64,393

-63,500
20,587
-42,913

-€4,969
19,108
-45,861

-63,587
20,186
-43,401

-74,203
19,868
-54,335

-54,646
19,481
-65,165

Telecommunications
Business, professional, and technical services .
Other unaffiliated services3
Imports of private services .
Travel (table F.2, line 23)
Passenger fares (table F.2, line 24)
Other transportation (table F.2, line 25)....
Freight
Port services
Royalties and license fees (table F.2, line 26) .
Affiliated
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated
Other2
Other private services (table F.2, line 27)
Affiliated services
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated services
Education
Financial services
Insurance, net
Premiums paid
Losses recovered
Telecommunications
Business, professional, and technical services
Other unaffiliated services3
Memoranda:
Balance on goods (table F.2, line 71)
Balance on private services (line 1 minus line 27)
Balance on goods and private services (lines 53 and 54)

p Preliminary.
r
Revised.
1. Patented techniques, processes, and formulas and other intangible property rights that are
used in goods production.
2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights.




3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international organizations in the United States. Payments (imports) include mainly expenditures of U.S. residents temporarily working abroad and film rentals.
NOTE.—The data in this table are from table 3 in "U.S. International Transactions, Second
Quarter 1999" in the October 1999 issue of the SURVEY OF CURRENT BUSINESS, which presents
the most recent estimates from the international transactions accounts.

International Data

SURVEY OF CURRENT BUSINESS

December 1999

G. Investment Tables.
Table G.1.-international Investment Position of the United States at Yearend, 1997 and 1998
[Millions of dollars]
Changes in position in 1998 (decrease (-))
Attributable to:
Line

Type of investment

Position,
1997'

Valuation adjustments
Financial
flows

(a)
Net international investment position of the United States:
With direct investment positions at current cost (line 3 less line 24) .
With direct investment positions at market value (line 4 less line 25)
U.S.-owned assets abroad:
With direct investment positions at current cost (lines 5+10+15)
With direct investment positions at market value (lines 5+10+16) ...

Price
changes

(b)

Position,
1998"

Exchange
Other
rate
changes2
changes
(a+b+c+d)

(c)

(d)

-167,585
-319,300

45,380
56,282

61,064
1,633

101,041
315,522

43,704
54,584

-15,293
-3,833

422,270
659,091

5,947,983

-628
3
-628

5,024

-10
4
-10

11,170
-638
576
6,040
5,192

146,006
75,291
10,603
24,111
36,001

422
572
601
-29
-150

82,382
80,179
79,874
305
2,203

-270,960 -1,239,168
-471,204 -1,537,466

292,818
292,818
6,784

U.S. Government assets, other than official reserve assets
U.S. credits and other long-term assets5
Repayable in dollars
Other6
U.S. foreign currency holdings and U.S. short-term assets

4,508,626
5,288,892
134,836
75,929
10,027
18,071
30,809
81,960
79,607
79,273
334
2,353

U.S. private assets:
With direct investment at current cost (lines 17+19+22+23)
With direct investment at market value (lines 18+19+22+23)

4,291,830
5,072,096

285,605
285,605

101,669
316,150

38,685
49,565

-15,281
-3,821

410,678
647,499

4,702,508
5,719,595

1,004,228
1,784,494
1,739,400
538,400
1,201,000

132,829
132,829
102,817
25,064
77,753

2,892
217,373
98,777
18,441
80,336

1,957
12,837
27,962
-20,079
48,041

-18,465
-7,005

119,213
356,034
229,556
23,426
206,130

1,123,441
2,140,528
1,968,956
561,826
1,407,130

562,396
985,806

25,041
24,918

5,610
3,156

3,175
9

33,826
28,083

596,222
1,013,889

502,637
502,637

268,626
634,822

-1,676

-76,357
-5,466

693,230
1,130,295

6,170,064
7,485,449

Foreign official assets in the United States
U.S. Government securities
U.S. Treasury securities
Other
Other U.S. Government liabilities7
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets

5,476,834
6,355,154
835,709
614,530
589,792
24,738
21,459
135,384
64,336

-51,684
-3,625
-9,957
6,332
-3,113
-11,469
-3,477

22,437
9,344
9,152
192

-409

13,093

-409

344
5,719
-805
6,524
-3,113
-11,469
9,207

836,053
620,249
588,987
31,262
18,346
123,915
73,543

Other foreign assets:
With direct investment at current cost (lines 35+37+38+39+42+43) ..
With direct investment at market value (lines 36+37+38+39+42+43).

4,641,125
5,519,445

524,321
524,321

246,189
612,385

-1,676

-75,948
-5,057

1,129,951

5,334,011
6,649,396

764,045
1,642,365
662,228
211,628
1,578,694
715,196
863,498

193,375
193,375
46,155
16,622
218,026
170,539
47,487

-3,877
362,319
18,961

22

-74,848
-3,957

231,105
21,019
210,086

-6,005
-6,005

114,672
551,737
65,116
16,622
443,126
185,553
257,573

878,717
2,194,102
727,344
228,250
2,021,820
900,749
1,121,071

453,555
970,975

9,412
40,731

-1,100

7,232
46,118

460,787
1,017,093

U.S. official reserve assets
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies

Direct investment abroad:
At current cost
At market value
Foreign securities
Bonds
Corporate stocks
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign-owned assets in the United States:
With direct investment at current cost (lines 26+33)
With direct investment at market value (lines 26+34)

Direct investment in the United States:
At current cost
At market value
U.S. Treasury securities
U.S.currency
U.S. securities other than U.S. Treasury securities
Corporate and other bonds
Corporate stocks
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
p Preliminary.
r
Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation
at current exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value
3. Reflects changes in the value of the official gold stock due to fluctuations in the market
price of gold.
4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins; also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in international transactions capital flows.




-968,208 -209,819
-1,066,262 -209,819

Total

149
5,118
1,517
429
574
602
-28
-145

427
922
3,675

-1,080
5,387

5. Also includes paid-in capital subscriptions to international financial institutions and outstanding
amounts of miscellaneous claims that have been settled through international agreements to be
payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts
that are not being serviced.
6. Includes indebtedness that the borrower may contractually, or at its option, repay with its
currency, with a third country's currency, or by delivery of materials or transfer of services.
7. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies.
NOTE.—The data in this table are from table 1 in "International Investment Position of the United States at Yearend 1998" in the July 1999 issue of the SURVEY OF CURRENT BUSINESS.

•

D-13

D-14

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

Table G.2.-U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1996-98
[Millions of dollars]
Direct investment position on a
historical-cost basis

All countries, all industries ..

Capital outflows (inflows (-))
1996

1997

1998

Income
1996

1997

1998

1996

1997

1998

795,195

865,531

980,565

84,426

103,908
489,539

7,181

7,493

10,259

9,258

10,548

8,104

40,148

51,698

74,538

44,286

48,757

49,308

4,463
1,956
6,308
16,421

2,543
1,627
14,327
22,411

2,895
2,025
14,996
34,428

3,224
3,797
9,632
12,220

2,575
3,339
12,370
13,126

2,450
4,787
12,594
11,582

18,138

21,966

18,020

17,762

21,408

16,908

4,159
2,405

6,514
5,646

3,790
2,533

4,172
2,721

4,675
3,905

3,037
3,177

1,678

3,371

2,712

1,801

1,954

1,719

467

601

2,062

1,412

1,328

757

15,363

13,693

13,471

18,795

19,513

12,623

3,787
-280

2,393
-371

3,659
3,844

2,851
3,475

3,598
3,516

1,898
2,179

1,451

694

582

278

383

823

99,517

121,644

93,594

103,892

90,242

By country
Canada

89,592

96,031

Europe
a which.
France
Germany
Netherlands
United Kingdom

389,378

420,108

35,200
41,281
54,118
134,559

35,800
38,490
64,361
153,108

Latin America and Other Western Hemisphere
a which
Brazil
Mexico

155,925

178,505

29,105
19,351

35,091
24,181

Africa

8,162

11,157

Middle East ,

8,294

8,803

139,548

146,610

30,006
34,578

29,910
33,725

4,295

4,317

Asia and Pacific ..
a which
Australia

International.

39,188
42,853
79,386
178,648
196,655
37,802
25,877
13,491
10,599
161,797
33,676
38,153
4,578

By industry
75,232

82,212

270,288
31,024
74,858
16,309
30,336
31,832
32,092
53,837

280,332
32,465
77,112
15,924
32,293
31,624
34,907
56,006

Wholesale trade

67,125

64,432

Depository institutions

36,807

40,169

254,739
37,850
53,155

293,116
42,342
62,925

Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment ....
Transportation equipment
Other manufacturing

Finance, (except depository institutions), insurance, and real
estate
Services
Other industries

NOTES.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes,
In addition, unlike in the international investment position, the direct investment position is valued
at historical cost




91,113
304,690
33,871
83,589
17,098
34,755
34,531
35,615
65,231
75,188
42,029

6,239

9,603

9,780

12,082

11,823

8,059

24,325
2,095
5,796
6,064
2,752
3,440
708
3,470

28,097
3,806
7,210
444
4,381
2,992
4,419
4,845

26,680
1,670
7,072
1,109
2,810
2,670
1,692
9,658

34,342
4,452
9,529
1,358
4,637
4,280
3,409
6,677

38,283
4,910
10,050
1,406
4,700
5,048
6,500

31,416
4,262
9,930
1,278
4,213
2,763
2,385
6,586

6,498

846

9,130

9,068

9,538

10,794

1,253

3,329

3,374

577

2,448

337,600

31,601

41,388

44,445

31,912

30,702

52,514

3,511

4,557

10,867

3,627

5,533

4,722

77,432

9,804

11,990

19,490

2,209

3,429

3,972

The data in this table are from tables 16 and 17 in "U.S. Direct Investment Abroad: Detail
for Historical-Cost Position and Related Capital and Income Flows, 1998" in the September 1999
issue of the SURVEY.

International Data •

SURVEY OF CURRENT BUSINESS

December 1999

Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies, by Country and by
Industry of Foreign Affiliate, 1997
Number of
affiliates
22,871

All countries, all industries

Millions of dollars
Total assets
3,397,262

Net income

Sales
2,356,416

155,267

Thousands of
employees
8,018.0

By country
2,073

294,943

274,205

13,654

941.9

11,209

1,914,373

1,214,194

77,854

3,333.9

1,297
1,424
783
1,104
545
2,532

144,057
213,029
66,091
179,751
93,348
923,207

130,883
234,508
74,035
130,053
67,620
337,907

3,424
7,531
2,311
17,014
9,155
18,020

483.7
627.4
205.5
169.4
L
977.2

3,583

458,889

268,912

30,849

1,629.2

461
874

79,240
83,500

67,380
88,063

4,934

340.8
793.0

Africa

559

40,602

29,150

2,653

186.6

Middle East ...

355

39,411

24,950

2,603

77.4

4,977

628,118

536,462

26,231

1,835.8

904
990

96,250
266,028

68,519
205,072

3,899
5,925

304.2
396.7

115

20,926

1,422

13.2

Canada
Europe
a which:
France
Germany
Italy
Netherlands
Switzerland
United Kingdom
Latin America and Other Western Hemisphere
a which:
Brazil
Mexico

Asia and Pacific ,
a which:
Australia
Japan
International

8,545

By industry
Petroleum

1,622

Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment
Transportation equipment
Other manufacturing

8,528
789
2,065
760
1,090
908
530
2,386
5,045
3,115
2,873
1,688

360,452

Wholesale trade
Finance, (except depository institutions), insurance, and
Services

A

Other industries
NOTES.—Size ranges are given in employment cells that are suppressed. The size range is
L-50,000-99,999.




295,313

884,113
112,875
220,923
47,209
123,273
84,525
131,550
163,757
223,451
1,498,127
154,234
342,025

1,086,129
127,710
207,988
44,679
178,257
110,625
244,199
172,671
422,285
135,331
128,639
223,580

19,778

226.1

61,660
8,810
17,900
2,043
9,033
6,905
6,198
10,772

4,592.9

15,218

588.0

42,922

218.8

622.4
244.7
634.1
774.5
724.2
995.0

6,843
8,846

1,403.3

The data in this table are from "U.S. Multinational Companies: Operations in 1997" in the July
1999 issue of the SURVEY.

D-15

D-16

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

Table GA—Foreign Direct investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of
Affiliate, 1996-98
[Millions of dollars]
Direct investment position on a
historical-cost basis

All countries, all industries ..

Capital inflows (outflows (-))
1996

1997

1998

Income
1996

1997

30,407

42,115

1996

1997

1998

598,021

693,207

811,756

84,455

54,836
370,843

74,840
539,906

8,590

15,399

11,859

3,190

3,361

3,010

432,622

55,989

70,508

167,655

23,724

31,380

27,635

62,167
95,045
96,904
151,335
32,210

7,244
19,616
12,262
14,404

10,993
12,919
13,658
11,234

12,308
42,145
7,018

2,405
2,509
5,271
10,374

3,183
3,294
7,103
11,440

3,137
4,392
5,920
7,815

1,990

3,993

278

1,383

1,752

1,494

-64
-47

64
330

-132
864

45

44
171

82
270

-101

435

-572

496

791

967

17,493

14,361

8,773

105,488

188,960

38,015

By country

Canada
Europe
Of which:
France
Germany
Netherlands
United Kingdom

43,253
61,096
75,349
121,582
28,002

49,503
71,289
89,570
131,315

697
1,641
994
5,812
137,533

742
3,315

149,115

609
4,029
884
7,831
156,085

14,968
116,144

14,703
125,131

14,755
132,569

5,321
13,337

2,254
9,275

2,034
7,101

43,483

42,085

53,254

8,852

2,805

245,662
28,088
79,515
18,576
39,093
80,390

273,122
26,710
88,831
23,366
46,636
87,580

329,346
18,112
101,351
22,512

37,538
1,981
8,081
5,397
2,868

36,086
-903
13,746
4,258
7,573

19,211

11,411

Wholesale trade

73,506

87,630

96,261

7,974

14,729

Retail trade

13,765

16,718

18,778

Depository institutions

31,264

38,118

44,785

Finance, except depository institutions ,

37,531

43,413

50,858

Insurance

56,124

70,492

80,378

35,169

40,060

44,436

Services

29,391

38,521

50,252

Other industries ..

32,126

43,049

43,409

Latin America and Other Western Hemisphere
a which:
Brazil
Mexico
Africa
Middle East .
Asia and Pacific ...
Of which:
Australia
Japan

33,546

1,465
6,593

1
-136

-352
617

475

5,356

5,489

492
2,939

214
5,780

672
5,187

57,355

4,160

4,555

1,443

87,454
-5,020
10,325
1,041
18,475
62,632

15,694
1,819
5,014
1,024
1,166
6,671

18,628
1,532
5,556
1,572
2,805
7,162

20,696
1,056
6,190
1,744
2,718

11,004

2,256

3,972

5,247

1,946

509

487

579

5,684

2,867

3,930

3,067

118
2,129

By industry
Petroleum ,
Manufacturing
Food and Kindred products
Chemicals and allied products .
Primary and fabricated metals .
Machinery
Other manufacturing

NOTES.—In this table, unlike in the international transactions accounts, income and capital
inflows are shown without a current-cost adjustment, and income is shown net of withholding
taxes. In addition, unlike in the international investment position, the direct investment position
is valued at historical cost.




128,112

2,708

2,622

138

6,800

6,186

7,140

6,747

12,097

2,535

4,675

4,214

7,862

7,562

10,673

5,812

855

1,979

-718

6,817

2,382

4,681

4,019

3,284

-59

789

948

10,744

-14

916

1,358

-1,139

1,757

2,178

1,376

The data in this table are from tables 16 and 17 in .
States: Detail for Historical-Cost Position and Related Capil
September 1999 issue of the SURVEY.

Direct Investment in the United
and Income Flows, 1998" in the

International Data •

SURVEY OF CURRENT BUSINESS

December 1999

Table G.5.—Selected Financial and Operating Data of Nonbank U.S. Affiliates of Foreign Companies by Country of Ultimate
Beneficial Owner and by Industry of Affiliate, 1997
Millions of dollars

Millions of dollars
Number of
Sales

Total assets

All countries, all industries

9,474

1,717,240

3,034,404

Net income

42,547

Gross
product

384,883

Thousands
of
employees

5,164.3

U.S. exports U.S. imports
of goods
shipped by
shipped to
affiliates
affiliates
140,924

261,482

By country
Canada

945

309,080

139,409

3,693

34,464

601.6

7,787

14,356

Europe

4,071

1,809,319

940,672

31,107

245,919

3,213.9

62,392

94,512

513
1,011
302
404
929

322,270
302,740
260,034
339,896
454,081

135,414
194,492
124,109
110,077
258,845

2,959
5,071
5,508
2,986
12,119

35,863
46,171
33,750
25,637
78,550

411.2
657.6
391.4
352.1
983.2

14,032
13,973
4,592
6,233
14,543

12,936
32,032
10,191
7,127
15,363

632

59,833

53,469

2,522

13,545

168.1

5,308

9,622

41

11,969

11,222

326

2,843

22.4

a which:
France
Germany
Netherlands
Switzerland
United Kingdom
Latin America and Other Western Hemisphere .
Africa

634

307

28,841

25,246

1,151

7,295

92.7

814

5,534

3,373

687,245

523,479

918

73,667

1,012.6

62,709

135,739

135
2,587

55,514
582,570

26,132
446,422

-101
2,701

5,207
62,345

80.1
812.4

1,410
52,883

1,501
120,357

105

128,117

23,742

2,829

7,151

52.9

1,058

1,084

Manufacturing
Of which:
Food
Chemicals
Primary and fabricated metals
Machinery
Computers and electronic products
Electrical equipment, appliances, and components
Transportation equipment

2,846

680,260

667,576

18,826

188,477

2,227.0

70,053

99,304

214
339
373
359
333
104
260

43,894
190,326
67,516
47,246
53,182
22,574
49,211

47,082
141,744
65,075
56,680
73,413
26,203
72,607

183
4,280
1,744
1,390
-257
631
2,060

10,953
40,906
16,510
16,607
15,658
7,537
13,554

152.7
389.4
219.4
260.8
239.6
129.5
207.9

2,620
15,259
5,133
10,357
13,092
3,430
7,631

2,675
16,019
8,329
8,267
20,612
3,421
18,203

Wholesale trade

1,708

293,144

530,141

3,889

51,856

538.5

63,231

155,716

96,624

1,197

25,009

688.7

1,951

3,973

Middle East
Asia and Pacific

a which:
Australia
Japan
United States
By industry

l

Retail trade

210

Information

236

144,497

80,845

2,445

27,120

293.4

Finance (except depository institutions) and insurance

570

1,534,492

175,822

11,220

26,331

219.8

1,935

116,679

20,813

204

9,084

47.0

301

17,299

15,972

-570

5,981

82.6

361

567

1,668

198,229

129,448

5,337

51,025

1,067.3

4,332

1,255

Real estate and rental and leasing
Professional, scientific, and technical services
Other industries
D

Suppressed to avoid disclosure of data of individual companies.

J ' J D h i m ^ S n ^ S & ^ S n n 8 ! 0 1 ! ° Cl f t y » * i # . h ? J i r L a W " iS ^ T S
the North American Industry Classification System. Prior to 1997, the affiliate data were classified




374

using an industry classification system based on the Standard Industrial Classification system.
NOTE.-The data in this table are from "Foreign Direct Investment in the United States: PrelimiResults from the 1997 Benchmark Survey" in the August 1999 issue of the SURVEY.

nary

D-17

D-18

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

H. International PerspectivesQuarterly data in this table are shown in the middle month of the quarter.
Table) H.1.—International Perspectives
1998
1997

1999

1998
Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

Exchange rates per U.S. dollar (not seasonally adjusted)1
Canada (Can.$/US$)
European Monetary Union (US$/Euro)2
France (FFr/US$p
Germany (DM/Us$)2
Italy (L/US0)2
Japan (¥/l)5tf) ...
Mexico (PesoAjS$)
United Kingdom (US$/£)
Addendum:
Exchange value of the U.S. dollar2...

1.3849

1.4836

1.5346

1.5218

1.5452

1.5404

1.5433

1.5194
1.1591

1.4977
1.1203

1.5176
1.0886

1.4881
1.0701

1.4611
1.0630

1.4695
1.0377

1.4890
1.0370

1.4932
1.0605

1.4771
1.0497

5.8393
1.7348
17.0381
1.2106
7.9177
1.6376

5.8995
1.7597
17.3685
1.3099
9.1520
1.6573

5.9912
1.7869
17.6301
1.4468
9.3712
1.6342

5.6969
1.6990
16.7892
1.3448
10.2192
1.6823

5.4925
1.6381
16.2096
1.2105
10.1594
1.6944

5.6422
1.6827
16.6491
1.2029
9.9680
1.6611

5.5981
1.6698
16.5323
1.1707
9.9070
1.6708

1.1329
10.1280
1.6498

1.1667
10.0060
1.6276

1.1947
9.7320
1.6213

1.1977
9.4300
1.6089

1.2200
9.3950
1.6154

1.2072
9.5150
1.5950

1.1933
9.3700
1.5751

1.1323
9.3980
1.6058

1.0688
9.3410
1.6247

104.47

116.25

120.14

118.85

115.46

115.34

114.56

114.68

116.37

117.80

117.15

116.91

117.45

117.48

116.46

115.76

7.6
11.3
10.5

7.7
11.2
10.5

7.8
11.3
10.5

7.5
11.1
10.6

4.9
2.6
4.4

4.9
2.3
4.3

4.7
2.5
4.2

4.6
2.2
4.2

Unemployment rates (percent, monthly data seasonally adjusted)
Canada
France
Germany
Italy
, *
Japan
Mexico
United Kingdom

9.2
12.5
11.5
12.3
3.4
3.7
5.5

8.3
11.8
11.1
12.3
4.1
3.2
4.7

8.3
11.9
10.9
12.4
4.3
3.0
4.6

8.3
11.8
10.7

3.3
4.6

Addendum:
United States

4.9

4.5

4.5

4.5

Ii

8.0
11.7
10.6

8.0
11.5
10.7

43
3.1
4.6

8.0
11.6
10.7
12.4
4.4
2.6
4.6

4.5

4.4

4.3

4.4
2.6
4.6

7.8
11.5
10.6

7.8
11.4
10.6

8.3
11.3
10.6

2.8
4.5

7.8
11.4
10.6
12.3
4.6
3.2
4.6

4.8
2.7
4.5

4.8
2.7
4.5

8.1
11.4
10.5
119
4.6
2.4
4.5

4.3

4.4

4.2

4.3

4.2

4.3

4.3

4.2

'i'i

Consumer prices (monthly data seasonally adjusted, 1995=100)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom

103.22
103.23
103.34
106.13
101.84
162.09
105.66

104.25
104.01
104.30
108.22
102.50
187.91
109.27

104.41
104.02
104.61
108.40
101.79
189.58
109.82

104.21
104.02
104.41
108.40
102.59
192.66
110.29

104.60
104.02
104.21
108.60
103.29
195.42
110.36

104.60
103.91
104.21
108.80
103.19
198.88
110.29

104.31
104.02
104.31
108.80
102.79
203.73
110.29

104.50
103.70
104.11
108.90
102.29
208.88
109.62

104.69
104.02
104.31
109.10
101.89
211.68
109.82

105.08
104.43
104.41
109.30
101.99
213.65
110.09

105.65
104.64
104.81
109.60
102.49
215.61
110.83

105.94
104.64
104.81
109.80
102.49
216.91
111.10

106.04
104.64
104.91
109.80
102.19
218.33
111.10

106.33
104.43
105.41
110.10
101.79
219.78
110.76

106.61
104.54
105.31
110.20
102.09
221.01
111.03

106.90
104.74
105.11
110.40
102.39
223.15
111.50

Addendum:
United States

105.34

106.97

107.30

107.36

107.56

107.75

107.89

108.02

108.08

108.28

109.07

109.07

109.07

109.40

109.72

110.18

Real gross domestic product (percent change from precedingj quarter, quarterly data seasonally adjusted at annual rates)
Canada
France
Germany
Italy
Japan
Mexico
United Kinqdom
Addendum:
United States
See footnotes at the end of the table.




4.0

3.1

2.6

3.3

3.3
2.1
1.3
-2.B
4.8
2.2

1.9
1.6
2.5
-1.2
3.1
2.2

4.8
2.6

4.2

2.0
1.5
1.5
1.4
6.8
3.5

14

-1.1
-1.0
-3.3
-4.3

.2

1.8
.7
8.1
3.6
9

2.5
.2
1.3
.9
9.2
2.6

4.5

4.3

3.8

5.9

3.7

19

55

International Data •

SURVEY OF CURRENT BUSINESS

December 1999

D-19

Table H.1.—International Perspectives-Continued
1998
1997

1999

1998
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Short-term, 3-month, interest rates (percent, not seasonally adjusted)
5.04
3.56
3.54
4.99
.72
26.11
7.33

5.15
3.56
3.50
4.89
.73
25.22
7.66

5.59
3.54
3.49
4.97
.55
41.03
7.37

5.27
3.56
3.57
4.53
.61
37.49
7.13

5.13
3.59
3.63
3.95
.63
34.30
6.88

4.99
3.32
3.38
3.38
.62
34.35
6.37

4.99

5.02

5.00

4.71

4.58

4.80

4.77

4.89

4.81

Mexico
United Kingdom

3.53
3.46
3.33
6.88
.60
21.27
6.83

.69
32.27
5.79

.58
28.72
5.42

.20
23.86
5.29

.19
21.05
5.23

.08
21.02
5.25

.07
21.35
5.12

.08
20.78
5.07

.07
21.49
5.17

.12
21.34
5.32

Addendum:
United States

5.07

4.81

4.94

4.74

4.08

4.44

4.42

4.34

4.45

4.48

4.28

4.51

4.59

4.60

4.76

4.73

Canada
France
Germany

8y
Japan

Long-term interest rates, government bond yields (percent, not seasonally adjusted)
Canada
France
Germany
Italy
Japan
United Kinqdom

6.47
5.67
5.66
6.86
2.37
7.04

5.45
4.82
4.58
4.88
1.54
5.52

5.65
4.61
4.40
4.79
1.50
5.54

5.39
4.39
4.10
4.53
1.10
5.12

5.17
4.51
4.10
4.49
.88
5.00

5.39
4.43
4.10
4.38
.98
4.91

5.07
4.41
3.90
4.00
1.49
4.50

5.13
4.13
3.70
3.92
1.91
4.29

5.26
4.42
3.90
4.05
2.12
4.45

5.34
4.39
4.00
4.27
1,82
4.66

5.26
4.25
3.90
4.11
1.56
4.59

5.51
4.45
4.00
4.28
1.33
4.91

5.70
4.94
4.40
4.62
1.63
5.16

5.61
5.08
4.68
4.94
1.70
5.33

5.17
4.88
5.13
1.88
5.38

5.35
5.04
5.28
1.76
5.65

Addendum:
United States

6.35

5.26

5,34

4.81

4.53

4.83

4.65

4.72

5.00

5.23

5.18

5.54

5.90

5.79

5.94

5.92

158.10
230.17
202.32
247.42
99.81
262.67
171.00

159.70
236.08
209.77
248.11
106.74
237.02
173.50

157.20
231.73
200.77
234.24
106.15
229.20
168.92

156.90
242.28
203,21
242.54
108.33
227.56
166.66

Share price indices (not seasonally adjusted, 1995=100)

Japan
Mexico
United Kingdom

145.70 152.40 124.70
147.01 192.24 204.84
154.73 197.73 209.62
137.74 220.53 234.95
85.30
101.03
85.36
200.17 191.09 134.81
128.26 150.50 150.50

126.60
183.34
186.52
199.94
78.62
160.85
140.42

140.00 143.10 146.30 151.80 142.40 148.80
171.01 190.90 193.39 210.44 210.06 211.54
171.38 188.86 186.88 199.85 195.26 191.41
188.79 213.89 224.00 241.37 236.94 248.62
80.59
74.15
79.78
80.25
78.31
87.18
183.61 169.86 178.41 178.34 191.98 222.15
136.64 148.92 150.07 157.29 159.40 162.89

158.20
220.92
200.13
251.95
96.31
243.96
169.18

154.30
225.11
200.70
247.42
96.25
246.81
168.18

Addendum:
United States

156.81

173.98

175.68

215.61

218.31 216.22 222.85

Canada
France
Germany

SaJy

189.00

185.18

1. All exchange rates are from the Board of Governors of the Federal Reserve System.
2. As of January 1, 1999, the euro is reported in place of the individual euro-area currencies. These currency
rates can be derived from the euro rate by using the following conversion rates: 1 euro = 6.55957 French francs,
1.95583 Germanimarks, and 1936.27 Italiani lire. The rate shown for the United States is an index of the weighted
••-•••
•
ad group of major U.S.
j New Summary Meas-




193.80

197.85

204.51

202.20 207.35

213.30 208.78

ures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998), pp. 8 1 1 18.
Of

I
both of which have been rebased to 1995 to facilitate comparison] are © OECD, November 1999, OECti Main
Economic Indicators and are reproduced with permission of the OECD.

D-20

• International Data

SURVEY OF CURRENT BUSINESS

December 1999

I. Charts.

THE U.S. IN THE INTERNATIONAL ECONOMY
Billion$
BALANCE ON CURRENT ACCOUNT

40

COMPONENTS OF CURRENT ACCOUNT BALANCE

Services

2 0 Income
0

AT~~
^-\

^~-v^J V_-__
^ ^ > A >

Unilateral transfers

-20 —

-40-

-60 —
\
-80-

A

100

I I I 1 I r 1 I I I II
[
1TT7
8 2 8 3 8 4 8 6 8 6 87 8 8 8 9 9 0 9 1 9 2 9 3 9 4 9 5 9 6 97 9899
BHHon$
120
120 5
CAPITAL FLOWS ON U.S. DIRECT INVESTMENT ABROAD
AND FOREIGN DIRECT INVESTMENT IN THE UNITED STATES

r I Tj
BHion$82
120

100-

1 1 11 1. 1 1 r r r

rx .

83 84 85 86 87 88 80 90 91 92 93 94 95 96 97 98 99

SECURITIES TRANSACTIONS

Net foreign purchases of U.S. securities

Net U.S. purchases of foreign securities

-20

I I I I I I I I I I I I I I I I I
828384858687888990 91 9293949596 97 98 £
Billion $
300
EXPORTS AND IMPORTS OF GOODS AND SERVICES

-40

Billk>n$
7000

I I
II I I I I I Y \ I T T i l l
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 £
NET INTERNATIONAL INVESTMENT POSITION
VALUED AT CURRENT COST

250-

200-

150-

100-

50

\ r » \i i i i i i
i i i r I
84 85 86 87 888990919293949596979899

US. I




Buraou o« Economic Anaty^s

iT r \r 1 11 1 I T 1 1 i f 1
8283848586 87 888990 919293949596 97 98£

Regional Data •

SURVEY OF CURRENT BUSINESS

December 1999

D-21

Regional Data
J. State and Regional Tables.
The tables in this section include the most recent estimates of State personal income and gross state product.
The sources of these estimates are noted.
The quarterly and annual State personal income estimates and the gross state product estimates are available on diskettes or CD-ROM. For information on State personal income, E-mail reis.remd@bea.doc.gov; write
to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230; or call 202-606-5360. For information on gross state product, E-mail
gspread@bea.doc.gov; write to the Regional Economic Analysis Division, BE-6I, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, DC 20230; or call 202-606-5340.
Table J.1 .—-Quarterly Personal Income by State and Region
Millions of dollars, seasonally adjusted at annual rates
Area name
I

Percent change'

1997

1996
III

IV

I

IV

II

I

III

IV

1998:111998:111

I

United States ... 6,267,885 6,371,958 6,458,511 6,534,057 6,650,207 6,726,629 6,807,506 6,898,259 7,016,041 7,108,060 7,199,440 7,309,162 7,400,251 7,492,844
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains...
Iowa .
Minnesota
Missouri
Nebraska
North Dakota ....
South Dakota....
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina ..
South Carolina..
Tennessee
Virginia
West Virginia ....

;

1999:11999:11

1.2

1.3

1.6
1.6
1,9
1.6
2.4
1.5
1.2

1.7
2.2
1.2
1.4
2.5
1.5
1.3

.5
.1
-.1
1.0
-.5
.6
.3

1.3
1.3
1.2
1.3
1.4
1.3
1.1

1,221,939 1,239,455 1,252,383 1,267,238 1,287,567 1,293,436 1,309,439 1,325,328 1,345,232 1,364,051 1,380,603 1,389,923 1,420,597 1,434,290
19,197
21,094
23,083
19,511
19,851
20,333
20,631
20,639
21,422
22,118
22 225
21,892
22,796
23,476
18,335
19,028
20,076
18,239
18,523
18,754
18,760
18,805
19,085
19,408
19,687
19,191
19,817
20,251
135,394
146,589
137,126
138,965 140,786
143,770
145,016
148,983
153,116
155,299
150,778
157,464 159,823
161,619
242,314
246,523
248,881
251,807 257,066 258,617 261,795
265,466 270,299 273,177
278,572 280,078 285,782 289,211
518,146
524,129
528,376 534,908 543,350 543,675 551,780
556,901
575,201
581,019 581,208 600,393 604,333
565,642
288,553
309,153
331,440 335,400
293,927
297,787 300,651
303,989
313,471
321,031
323,801
317,430
328,561

1.2
.5
1.4
1.4
2.0
1.0

.7
1.4

o'

2.2
1.3
1.3
1.5
2.0
3.3

1.0
1.7
.9
1.1
1.2
.7
1.2

1.0
1.1
-.5
.9
1.4

2.0
2.0
1.9
2.2
1.8
1.9

.7
1.3
.7
.2
.8
-.3

1.4
1.6
1.5
1.3
1.5
.9

137,024
138,315
43,344
14,335
17,110

1.0
1.3
.9
.6
1.2
1.3
.6
.4

25
3.6
2.5
2.7
.9
2.9
4.4
5.2

.5
.6
1.2
-.3
-1.0
-1.1

5
1.9
2.0
1.4
1.2
2.2
.8
1.1

1,367,907 1,393,553 1,415,101 1,429,465 1,458,318 1,472,319 1,488,852 1,509,533 1,535,161 1,557,124 1,580,149 1,601,518 1,616,289 1,634,205
83,232
84,745
85,973
86,565
88,927
88,240
92,976
94,041
91,987
95,265
95,790
96,519
45,801
47,079
47,667
47,918
49,268
49,629
50,338
48,531
51,403
51,790
50,874
52,984
53,158
53,734
335,919
341,341
346,885
351,079
361,282
366,450 370,723 377,760 383,881
357,463
389,957
395,019
395,654
401,105
162,657
167,047
170,153
171,965
177,615
179,751
182,310
175,822
189,851
193,919
196,882 201,001 203,878
73,726
75,116
76,480
77,127
80,058
80,819
81,777
79,087
84,440
85,430
86,183
83,283
87,789
83,501
84,805
85,722
86,371
88,570
89,247
90,811
87,638
93,334
93,822
94,605
91,958
95,947
94,739
46,148
47,018
47,664
47,770
49,213
50,330
48,597
51,828
52,680
53,374
51,250
53,911
53,499
156,451
160,466
164,941
171,121
169,449
183,188
185,561
178,542 180,852
188,290
172,593 175,453
187,015
71,665
73,021
74,858
77,139
79,071
76,523
81,170
82,960
84,033
79,995
85,616
74,197
78,010
84,488
113,292
114,972
117,838
120,999
120,173
127,546
129,172
130,676
133,405
122,280 124,284 125,583
116,688
131,846
163,021
165,170
169,623
174,227
173,146
184,931
187,900
191,467
182,445
198,419
176,798 179,473
167,591
196,540
32,496
32,776
33,411
33,900
34,337
33,649
34,911
35,290
35,469
34,676
35,594
34,066
33,220
35,562

1.5
1.1
.8
1.6
2.1
1.2
.5
1.6
1.3
2.2
1.3
1.6
1.1

1.4
1.3
2.3
1.3
1.5
1.3
1.3
1.3
1.2
1.9
.5

2.6
.3

1.1
.8
1.1
1.4
1.4
.9
1.3
.8
.7
1.3
1.2
1.0
.1

382,128
110,288
25,736
178,781
30,420
23,964
12,939

387,175
111,745
26,119
181,199
30,824
24,166
13,123

113,155
26,510
184,323
31,241
24,501
13,163

399,830
115,126
26,877
187,831
31,755
13,354

403,744
116,357
27,112
189,367
32,233
25,223
13,452

408,242
117,455
27,267
191,863
32,759
25,372
13,524

415,615
119,755
27,715
33,436
25,877
13,864

419,963
121,057
27,865
197,207
33,646
26,152
14,037

122,052
28,406
200,905
34,124
26,370
14,230

433,011
123,950
28,936
204,031
34,937
26,762
14,394

440,347
126,664
29,271
206,866
35,796
27,172
14,578

442,637
126,782
29,253
209,012
35,631
27,338
14,621

1,033,181 1,049,582 1,063,248 1,072,178 1,089,113 1,102,312 1,112,380 1,126,771 1,143,432 1,155,114 1,163,136 1,185,908 1,193,846 1,210,824
333,657
309,028 313,062 317,189
320,562 325,749
330,416
342,467 346,668 350,023 356,961
361,604
338,040
367,511
128,944
136,348
147,604
126,763
130,774
131,798 133,919
135,408
140,635
138,619
142,285
143,902 146,627
149,775
245,370
258,980
228,900 233,068 235,053
237,261
240,467
243,025
253,117
247,430
254,683 253,375
262,828
271,385
252 328 256,354 260,082 261,262 266,151
278,627
275,181
283,518 288,569 290,937 295,234
118,155
125,620
116,163
120,149
121,295
122,827
128,587
130,512 132,318 134,771
134,317
124,378
127,501
135,475
416,306
61,472
57,549
114,468
118,789
36,673
12,663
14,691

423,462
58,248
116,728
120,583
37,445
12,922
15,038

429,560
63,462
59,124
118,543
122,068
37,902
13,200
15,261

433543
63,605
59,836
119,432
123,618
38,590
13,146
15,314

444,771
64,874
61,007
120,365
126,067
38,487
12,646
15,190

62,081
122,372
127,093
39,037
12,838
15,541

449,351
66,185
62,782
123,869
128,381
39,412
12,986
15,736

454,161
67,105
63,581
125,434
129,637
13,072
15,729

Southwest
Arizona
New Mexico .
Oklahoma ....
Texas

599,717
91,202
31,354
62,456
414,706

609,936
92,667
31,711
63,496
422,062

619,199
94,349
32,005
64,260
428,586

628,208
95,347
32,233
64,788
435,840

643,609
97,748
32,780
66,453
446,628

655,242
99,234
33,202
67,024
455,782

666,522
100,914
33,404
67,623
464,580

676,461
102,744
33,689

Rocky Mountain .
Colorado
Idaho
Montana
Utah
Wyoming

181,968
94,993
22,895
16,241
37,718
10,121

185,700
96,947
23,412
16,457
38,618
10,265

188,606
98,644
23,613
16,648
39,284
10,418

191,273
100,356
23,751

194,734

198,098
104,199
24,524
17,182
41,410
10,783

201,433
106,206
24,894
17,349
42,087
10,897

Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington

1998: IV1999:1

448,476
128,463
29,590
211,825
36,135
27,681
14,781

375,964
108,427
25,372
175,689
30,048
23,637
12,793

Mideast.

1998:1111998:1V

460,014
67,104
64,435
128,013
130,680
40,140
13,623
16,019

466,078
67,830
65,385
129,951
132228
40,820
13,680
16,185

470,605
68,745
65,973
130,696
133,834
41,349
13,758
16,250

482,185
71,199
67,625
134,286
135,080
42,538
14,358
17,099

484034
70|621
67,972
135,144
136,737
42,425
14,216
16,918

491,412
71,949

1.3

1.5

.3
.2
2.1
.9
.1
.2

702,120
106,967
34,543
70,257
490,352

713,181

471,352

692,740
104,765
34,239
69,562
484,174

34,800
70,847
498,443

723,371
111,522
35,431
71,211
505,206

730,717
111,114
35,156
71,689
512,758

741,452
113,141
35,539
72,644
520,128

1.6
2.0
.7
.8
1.7

1.4
2.2
1.8
.5
1.4

1.0
-.4
-.8
.7
1.5

1.5
1.8
1.1
1.3
1.4

204,128
108,182
25,017
17,565
42,393
10,972

209,209
111,925
25,426
17,547
43,288
11,023

211,736
113,255
25,622
17,786
44,070
11,004

214,437
114,793
26,076
17,728
44,561
11,278

219,191
117,823
26,480
18,246
45,269
11,372

222,055
119,337
27,039
18,345
45,754
11,579

224,764
120,606
18,578
46,500
11,711

1.3
1.4
1.8
-.3
1.1
2.5

2.2
2.6
1.5
2.9
1.6
.8

1.3
1.3
2.1
.5
1.1
1.8

1.2
1.1
1.2
1.3
1.6
1.1

1,070,902 1,088,142 1,103,240 1,119,261 1,138,401 1,156,706 1,171,286 1,186,262 1,210,289 1,225,749 1,244,320 1,266,721 1,290,077 1,307,422
14,619
15,237
15,275
14,610
14,758
14,864
14,984
15,749
15,393
15,805
15,762
16,130
16,200
15,978
793,944 803,351
842,113
853,136
781,632
815,394 828,154
863,952 881,119 892,504 906,175
940,091
952,621
29,739
30,437
29,854
30,727
29,886
30,224
31,192
31,634
31,022
31,316
31,543
31,901
40,969
44,255
41,964
39,971
44,662
50,505
42,746
43,671
45,450
47,203
46,344
48,135
49,497
51,446
72,516
77,063
73,967
84,340
71,053
78,110
75,086
76,340
78,803
81,101
80,391
81,532
82,215
85,365
136,354
147,601
139,345
167,377
133,980
149,376
141,285
145,028
151,995
157,999
155,609
161,400
163,686

1.5
.1
1.5
.4
2.0
.5
2.2

1.8
1.4
1.9
.7
2.8
.8
1.4

1.8
1.0
1.8
.3
2.0
2.6
2.3

1.3
.4
1.3
.8
1.9
1.2
1.5

39,802
10,528

24,167
17,007
40,836
10,737

1. Percent changes are expressed at quarterly rates.
NOTE.—The personal income level shown for the United States is derived as the sum of the State estimates.
It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal




civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S.
firms.
Source: Table 1 in "State Personal Income, Second Quarter 1999" in the November 1999 issue of the SURVEY
OF CURRENT BUSINESS.

D-22

• Regional Data

SURVEY OF CURRENT BUSINESS

December 1999

Table J.2.—Annual Personal Income and Disposable Personal Income for States and Regions
Personal income
Millions of dollars

Area name

Disposable personal income
Percent change

Millions of dollars

1996

1997

1998

United States ...

6,408,103

6,770,650

7,158,176

5.7

5.7

New England
Connecticut
Maine
Massachusetts
New Hampshire.....
Rhode Island
Vermont

384,540
110,904
25,934
179,998
30,633
24,067
13,004

406,858
117,173
27,243
191,008
32,546
25,340
13,549

429,852
123,431
28,620
202,252
34,626
26,614
14,309

5.8
5.7
5.0
6.1
6.2
5.3
4.2

5.7
5.3
5.1
5.9
6.4
5.0
5.6

Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

1,245,254
19,723
18,463
138,068
247,381
526,390
295,230

1,303,943
20,946
18,919
146,090
260,736
548,927
308,325

1,369,952
22,258
19,526
154,164
275,531
575,768
322,706

4.7
6.2
2.5
5.8
5.4
4.3
4.4

Great Lakes

1,054,547
314,960
129,570
233,571
257,506
118,940

1,107,644
331,966
136,073
244,073
270,450
125,081

1,161,898
349,029
143,362
255,039
282,920
131,547

425,718
62,759
58,690
117,293
121,265
37,652
12,983
15,076

446,730
65,993
62,363
123,010
127,795
39,135
12,885
15,549

1,401,506
85,128
47,116
343,806
167,956
75,612
85,099
47,150
161,179
73,435
115,697
166,351
32,976

Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming

Illinois
Indiana
Michigan

Ohio

:.:...

Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska .
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana

NorfoSliria'II!
South Carolina
Tennessee
Virginia
West Virginia

Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington

1997-98

1996

1997

Percent change
1998

1996-97

1997-98

4.8

4.8

338,425
95,453
23,671
157,389
28,254
21,942
11,717

353,824
99,259
24,650
164,889
29,849
22,878
12,299

4.7
4.3
3.9
5.1
5.3
4.4
3.4

4.6
4.0
4.1
4.8
5.6
4.3
5.0

1,057,756
16,796
15,623
117,094
210,191
442,273
255,779

1,096,946
17,699
15,851
122,434
219,885
456,565
264,511

1,140,195
18,647
16,100
128,282
229,892
472,647
274,626

3.7
5.4
1.5
4.6
4.6
3.2
3.4

3.9
5.4
1.6
4.8
4.6
3.5
3.8

4.9
5.1
5.4
4.5
4.6
5.2

902,103
268,434
111,656
199,607
221,394
101,011

939,326
280,280
116,414
206,608
230,780
105,244

977,559
292,419
121,876
214,329
239,089
109,846

4.1
4.4
4.3
3.5
4.2
4.2

4.1
4.3
4.7
3.7
3.6
4.4

4.9
5.2
6.3
4.9
5.4
3.9
-.8
3.1

5.1
4.1
5.6
6.3
4.0
5.3
7.5
5.4

367,001
54,824
50,703
97,774
105,529
32,903
11,620
13,649

381,713
57,253
53,488
101,468
110,307
33,827
11,389
13,982

398,925
59,222
56,057
107,358
113,948
35,446
12,230
14,665

4.0
4.4
5.5
3.8
4.5
2.8
2.4

4.5
3.4
4.8
5.8
3.3
4.8
7.4
4.9

1,568,488
93,567
51,763
386,654
191,865
84,834
93,430
52,283
182,036
82,039
128,244
186,686
35,087

5.8
5.0
4.9
5.9
6.5
6.4
4.7
4.9
6.8
5.8
5.4
5.7
3.1

5.8
4.7
4.7
6.2
7.3
5.5
4.9
5.8
5.7
5.6
5.2
6.1
3.2

1,225,384
75,473
41,791
298,933
145,199
65,938
76,061
42,827
139,842
64,545
102,991
142,308
29,476

1,286,377
78,809
43,686
313,790
153,506
69,749
78,903
44,697
148,266
67,858
107,789
149,103
30,222

1,350,586
82,148
45,394
330,157
163,232
73,168
82,179
47,079
155,290
71,340
112,656
156,916
31,026

5.0
4.4
4.5
5.0
5.7
5.8
3.7
4.4
6.0
5.1
4.7
4.8
2.5

5.0
45
3.9
5.2
6.3
4.9
4.2
5.3
4.7
5.1
4.5
5.2
2.7

660,458
100,160
33,269
67,444
459,585

707,853
108,087
34,753
70,469
494,544

7.5
7.2
4.5
5.8
8.1

7.2
7.9
4.5
4.5
7.6

543363
81|O41
28,249
56,059
378,015

581,106
86,119
29,307
58,974
406,707

618,773
92,333
30,524
61,218
434,698

6.9
6.3
3.7
5.2
7.6

6.5
7.2
4.2
3.8
6.9

97,735
23,418
16,546
38,856
10,333

199,598
105,143
24,651
17,276
41,681
10,847

213,643
114,449
25,901
17,827
44,297
11,169

6.8
7.6
5.3
4.4
7.3
5.0

7.0
8.9
5.1
3.2
6.3
3.0

160,565
83,250
20,420
14,546
33,433
8,915

170,034
88 686
21 [347
15,064
35,657
9,281

180,610
95,810
22,275
15,434
37,627
9,463

5.9
6.5
4.5
3.6
6.7
4.1

6.2
8.0
4.3
2.5
5.5
2.0

1,095,386
14,713
798,580
29,784
41,412
73,156
137,741

1,163,164
15,222
846,839
30,514
44,510
77,579
148,500

1,236,770
15,823
900,900
31,268
47,795
81,310
159,674

6.2
3.5
6.0
2.5
7.5
6.0
7.8

6.3
3.9
6.4
2.5
7.4
4.8
7.5

939,159
12,567
682,968
25,911
35,342
62,206
120,166

988,785
12,926
717,988
26,398
37,654
65,177
128,640

1,040,616
13,349
755,232
26,843
40,107
67,866
137,220

5.3
2.9
5.1
1.9
6.5
4.8
7.1

5.2
3.3
5.2
1.7
6.5
4.1
6.7

5,518,569

5,782,712

6,061,088

323,239
91,503
22,772
149,777
26,831
21,022
11,333

5.1
6.3
3.2
5.5
5.7
4.9
4.7

5.0
5.4
5.0
4.5
5.0
5.2

469,721
68,720
65,854
130,737
132,955
41,212
13,855
16,388

1,482,256
89,348
49,442
363,980
178,875
80,435
89,067
49,437
172,154
77,686
121,934
175,911
33,988

614,265
93,391
31,826
63,750
425,298

186887

NOTE.—The personal income level shown for the United States is derived as the sum of the
State estimates. It differs from the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing
of the availability of source data. In particular, it differs from the NIPA estimate because, by definf-




1996-97

-2.0

tion, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S.
residents employed abroad temporarily by private U.S. firms.
Source: Tables 1 and 2 in "State Personal Income, First Quarter 1999" in the August 1999
issue of the SURVEY.

Regional Data •

SURVEY OF CURRENT BUSINESS

December 1999

Table J.3.—Per Capita Persona! Income and Per Capita Disposable Personal Income for States and Regions
Per capita personal income'
Area name
1996

Per capita disposable personal income'
Rank in U.S.

Dollars
1997

1998

Dollars
1996

1998

1997

Rank in U.S.
1998

1998

20,810

21,598

22,424

24,269
28,035
18,394
24,623
23,140
21,274
19,328

25,309
29,215
19,061
25,740
24,104
22,225
19,905

26,346
30,317
19,811
26,824
25,188
23,145
20,815

23,765
23,100
28,950
23,151
26,248
24,378
21,255

24,609
24,076
29,914
24,031
27,286
25,160
22,022

25,512
25,077
30,776
24,983
28,329
26,005
22,883

7
2
4
15

29
18
21
22

20,578
22,494
19,160
20,507
19,821
19,521

21,335
23,377
19,849
21,126
20,618
20,235

22,119
24,277
20,660
21,832
21,329
21,029

8
32
20
23
26

25,126
24,007
25,049
27,667
24,447
24,786
21,708
22,201

32
24
11
28
26
38
37

19,861
19,246
19,617
21,035
19,656
19,965
18,077
18,513

20,536
20,058
20,561
21,647
20,395
20,415
17,768
18,952

21,339
20,689
21,322
22,719
20,952
21,318
19,162
19,866

30
24
16
27
25
38
34

22,751 x
20,672
19,595
24,799
23,882
20,570
20,458
18,098
23,168
20,508
22,699
26,109
18,724

23,793
21,500
20,393
25,922
25,106
21,551
21,385
18,998
24,122
21,387
23,615
27,489
19,373

40
46
19
23
39
42
50
31
41
33
13
49

19,049
17,588
16,682
20,723
19,798
16,983
17,526
15,803
19,134
17,272
19,406
21,344
16,193

19,744
18,234
17,314
21,379
20,495
17,837
18,123
16,363
19,953
17,913
20,066
22,130
16,649

20,488
18,876
17,884
22,134
21,359
18,587
18,810
17,107
20,578
18,598
20,745
23,105
17,131

39
46
18
22
42
40
50
33
41
29
13
49

21,577
21,071
18,634
19,342
22,345

22,787
21,998
19,298
20,305
23,707

23,985
23,152
20,008
21,056
25,028

35
48
45
25

19,086
18,284
16,540
17,008
19,861

20,049
18,914
17,000
17,755
20,980

20,967
19,777
17,574
18,292
21,999

Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming

22,304
25,627
19,741
18,872
19,214
21,524

23,414
27,015
20,392
19,660
20,185
22,596

24,668
28,821
21,080
20,247
21,096
23,225

44
47
43
34

19,163
21,829
17,214
16,591
16,533
18,570

19,946
22,787
17,658
17,143
17,267
19,333

20,854
24,128
18,129
17,530
17,920
19,678

Far West
Alaska
California

24,969
24,310
25,142
25,086
25,877
22,894
24,958

26,127
24,969
26,314
25,598
26,514
23,920
26,451

27,367
25,771
27,579
26,210
27,360
24,775
28,066

21,408
20,765
21,503
21,824
22,084
19,467
21,774

22210

20
12
17
14
27
10

23,027
21,741
23,119
22,500
22,959
20,678
24,119

24,164

25,288

26,482

New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

28,872
33,979
20,948
29,591
26,418
24,356
22,179

30,427
35,863
21,937
31,239
27,766
25,667
23,017

32,007
37,700
23,002
32,902
29,219
26,924
24,217

Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

27,978
27,125
34,213
27,298
30,892
29,015
24,533

29,252
28,493
35,704
28,674
32,356
30,250
25,670

30,652
29,932
37,325
30,023
33,953
31,679
26,889

2
4
16

Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin

24,055
26,393
22,234
23,996
23,054
22,987

25,158
27,688
23,202
24,956
24,163
24,048

26,290
28,976
24,302
25,979
25,239
25,184

23 039
22,032
22,707
25,235
22,586
22,847
20,197
20,450

24,034
23,120
23,972
26,243
23,629
23,618
20,103
21,076

Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

21,787
19,838
18,808
23,834
22,900
19,475
19,609
17,398
22,053
19,651
21,800
24,950
18,116

Southwest
Arizona
New Mexico
Oklahoma
Xexas

United States ...

Plains

Iowa ....;
Kansas .
.
Minnesota
Missouri
Nebraska
North Dakota
South Dakota

Hawaii
Nevada
Oregon
Washington

..

1. Per capita personal income and per capita disposable personal income were computed using
midyear population estimates from the Bureau of the Census.
NOTE.—The personal income level shown for the United States is derived as the sum of the
State estimates. It differs from the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing




1

36
3
7
15
30
6
5

8

9

21,203
22,310
22,145
22,431
20,096
22,914

"1
35
3
5
11
28
6

'

36
47
43
19

'"144
48
45
37
21
12
17
14
31
10

of the availability of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S.
residents employed abroad temporarily by private U.S. firms.
Source: Tables 1 and 2 in "State Personal Income, First Quarter 1999" in the August 1999
issue of the SURVEY.

D-23

D-24

• Regional Data

SURVEY OF CURRENT BUSINESS

December

1999

Table JA—Gross State Product for States and Regions by Industry, 1997
[Millions of dollars]
Rank of
State and region
product

Total
oss sta
' product

ci
forestry,
and fishing

Mining

Construction

Manufacturing

Transportation and Wholesale
public
trade
utilities

Retail
trade

Finance,
insurance,
and real

Services

Government

United States

8,103,234

131,745

120,515

328,806

1,378,869

676,313

562,755

712,890

1,570,308

1,656,849

964,184

New England
Connecticut
Maine
Massachusetts ...
New Hampshire ,
Rhode Island
Vermont

466,857
134,565
30,156
221,009
38,106
27,806
15,214

3,445
899
460
1,284
263
210
329

310
36
19
156
45
15
39

15,771
4,351
1,356
7,161
1,282
959
663

76,656
22,510
5,153
32,394
9,521
4,347
2,731

29,998
8,011
2,250
13,924
2,671
1,911
1,231

32,219
9,373
1,848
16,133
2,410
1,537
918

9,862
3,459
17,510
3,348
2,385
1,494

116,542
38,988
5,779
53,708
8,377
6,941
2,749

109,730
29,184
5,800
58,449
7,004
6,092
3,202

44,128
11,350
4,033
20,291
3,186
3,410
1,858

1,523,401
31,585
52,372
153,797
294,055
651,652
339,940

8905
273
16
1,304
1,502
2,689
3,121

2,737
5
13
116
186
480
1,935

51,564
1,038
481
7,835
10,414
18,505
13,291

204,283
6,108
1,308
13,230
41,062
74,446
68,129

122,778
1,545
2,710
11,457
28,256
49,335
29,476

99,738
1,192
588
9,716
27,283
40,277
20,683

112,108
1,842
1,314
13,254
21,293
44,440
29,965

392,621
12,348
9,531
34,137
68,841
203,219
64,544

344,626
4,482
16,969
36,268
64,380
148,253
74,274

184,041
2,753
19,441
26,479
30,838
70,007
34,523

1,295,671
393,532
161,701
272,607
320,506
147,325

17,478
5,110
2,883
2,698
3,947
2,840

4,860
1,268
846
1,246
1,210
290

54,174
16,385
7,845
11,052
12,515
6,378

316,788
71,671
50,155
70,234
83,850
40,878

100,547
35,807
12,369
18,230
23,955
10,186

94,731
30,972
10,036
20,831
23,338
9,553

115,023
31,881
14,807
25,735
29,669
12,930

217,559
79,466
21,351
41,850
50,967
23,924

242,173
82,375
25,676
51,635
57,798
24,690

132,337
38,597
15,732
29,095
33,256
15,657

538,494
80,479
71,737
149,394
152,100
48,812
15,786
20,186

21,360
5,612
2,933
3,631
2,855
3,506
1,072
1,751

3,164
193
1,021
679
453
125
451
241

23,831
3,287
3,040
6,693
7,146
2,088
784
793

102,629
19,617
12,784
28,271
31,195
6,681
1,389
2,692

49,367
6,177
7,608
11,485
15,521
5,394
1,629
1,554

42,281
5,701
5,822
12,568
11,564
3,839
1,463
1,324

48,237
6,579
7,039
13,004
14,033
4,148
1,523
1,911

85,150
11,889
9,432
27,515
22,615
7,429
2,128
4,141

99,193
12,327
12,298
29,825
8,663
2,908
3,332

63,280
9,096
9,759
15,710
16,892
6,939
2,438
2,447

1,763,114
103,109
58,479
380,607
229,473
100,076
124,350
58,314
218,888
93,259
146,999
211,331
38,228

31,716
2,145
2,775
6,691
4,066
2,723
1,292
1,659
5,118
1,280
1,745
1,961
261

32,479
1,600
606
1,027
1,002
2,659
19,797
540
298
215
480
1,102
3,154

76,652
4,304
2,333
17,876
8,910
4,101
5,395
2,355
9,643
4,500
6,012
9,439
1,785

315,895
22,115
14,006
29,108
40,035
27,360
19,566
13,198
57,971
23,289
31,281
31,282
6,684

157,072
9,172
6,129
33,388
25,274
8,087
11,037
5,865
16,578
7,057
11,759
18,056
4,672

121,470
6,687
3,689
28,533
20,947
6,014
7,078
3,383
14,328
5,619
11,299
11,839
2,053

171,379
10,535
6,170
42,487
20,587
9,033
10,232
5,985
19,427
9,955
16,267
17,278
3,423

286,834
13,657
6,929
83,763
37,774
11,646
16,068
6,898
33,045
12,894
21,233
38,537
4,391

333,401
17,155
8,862
91,196
42,441
15,217
20,127
9,725
34,351
14,626
29,856
43,411
6,434

236,216
15,738
6,980
46,538
28,439
13,239
13,758
8,705
28,130
13,824
17,067
38,426
5,371

Southwest
Arizona
New Mexico
Oklahoma
Texas

844,766
121,239
45,242
76,642
601,643

13,481
1,934
897
2,085
8,565

52,354
1,300
3,271
4,087
43,695

37,222
6,937
2,046
2,377
25,861

133,678
17,815
7,887
13,015
94,961

9,047
3,280
7,523
65,044

60,142
8,095
1,981
4,697
45,369

76,363
12,574
4,137
7,664
51,987

126,830
23,531
6,207
9,587
87,505

157,507
24,974
7,791
13,514
111,227

102,294
15,031
7,745
12,090
67,428

Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming

247,372
126,084
29,149
19,160
55,417
17,561

5,924
2,147
1,730
1,019
612
416

11,026
2,708
273
880
1,654
5,512

13,354
6,910
1,669
965
3,132
679

31,372
14,480
5,809
1,486
8,601
996

25,517
13,762
2,492
2,241
4,709
2,312

15,282
8,223
1,838
1,241
3,383
595

24;137
12,229
2,961
1,956
5,791
1,201

39,172
21,885
3,644
2,593
9,119
1,930

48,933
27,850
4,860
3,773
10,735
1,715

32,656
15,891
3,873
3,005
7,682
2,205

1,423,561
24,494
1,033,016
38,024
57,407
98,367
172,253

29,436
314
21,633
463
427
2,473
4,127

13,585
5,169
6,381
26
1,568
124
317

56,236
1,007
34,883
1,640
4,978
5,173
8,555

197,569
1,134
146,173
1,213
2,608
24,666
21,776

106,140
3,822
72,301
3,904
4,333
6,943
14,837

713
71,177
1,493
2,809
7,727
12,974

127,584
1,673
91,300
4,332
5,553
8,175
16,550

305,601
2,795
237,282
8,503
10,773
14,903
31,344

321,285
3,029
236,925
8,413
18,670
17,030
37,219

169,233
4,838
114,962
8,036
5,688
11,154
24,554

Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota..
South Dakota .
Southeast
Alabama
Arkansas
Florida

Georgia

Kentucky
Louisiana
North Carolina..
South Carolina .
Tennessee
Virginia .
West Virginia....

Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington

41

NOTE.—Totals shown for the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy. In addition, GSP excludes and GDP includes the compensation of Federal civilian and military
personnel stationed abroad and government consumption of fixed capital for military structures located abroad and
for military equipment except domestically located office equipment. GSP and GDP also have different revision




schedules.
Source: Tables 6 and 7 in "Gross State Product by Industry, 1995-97" in the June 1999 issue of the SURVEY
OF CURRENT BUSINESS.

December 1999

Regional Data © D-25

SURVEY OF CURRENT BUSINESS

K. Local Area Table.
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1995-97
Per capita personal income'

Personal income
Percent
change

Millions of dollars

Area name

1995
United States2
Metropolitan portion
Nonmetropolitan portion

1996

1997

1996-97

1995

1996

355,870
78,661
41,484

373,755 393,604
83,186 86,917
43,512 45,898

23,321 24,318 25,31:
22,619 23,459 24,131
25,230 26,433 27,899

619,350

654,862 688,267

31,352 33,031 34,560

158,253
47,988
37,445
200,245
86,045

166,947
52,031
39,292
215,695
92,306

175,008
55,815
41,621
232,660
100,810

26,493
23,697
23,326
30,562
26,363

202,626

213,221

225,524

28,601 29,838 31,265

. 2 3 0 0
15,555
2,163
20,787
14,064
. 2 3 8 9
14,328
2,453
4,171
6,989

2,424
16,229
2,296
21,444
14,759
2,456
15,045
2,578
4,343
7,162

2,566
17,079
2,381
22,2r
15,466
2,532
15,835
2,677
4,576
7,475

5.9
5.2
3.7
3.6
4.8
3.1
5.3
3.8
5.4
4.4

18,800
22,856
18,586
23,606
21,324
18,861
23,438
18,597
20,457
27,845

20,01
23,700
19,617
24,429
22,089
19,447
24,551
19,644
21,112

21,202
24,849
20,207
25,425
22,937
20,007
25,762
20,482
22,051
29,765

216
99
255
83
146
262
73
246
180
28

Ann Arbor, Ml*
Anniston, AL
Appleton-Oshkosh-Neenah, Wl
Asheville, NC
Athens GA
. . .
Atlanta GA
Atlantic-Cape May, NJ*
Augusta-Aiken, GA-SC
Austin-San Marcos, TX
Bakersfield, CA

14,369
2024
7,601
4,363
2588
87823
8,999
8,763
22,572
10,544

14,989
2,110
8,047
4,604
2,788
95,356
9,431
9,086
24,580
11,004

15,941
2,210
8,530
4,898
2,936
102,678
9,722
9,476
27,194
11,449

6.4
4.7
6.0
6.4
5.3
7.7
3.1
4.3
10.6
4.0

27,573
17,350
22,655
21,083
19,232
25,603
27,188
19,398
22,524
17,201

28,266
18,098
23,718
21,971
20,428
26,993
28,339
20,106
23,665
17,801

29,579
18,855
24,957
23,158
21,256
28,253
29,083
20,821
25,420
18,319

29
292
91
140
214
36
33
236
84
297

Baltimore, MD*
Bangor, ME (NECMA)
Barnstable-Yarmouth, MA (NECMA)
Baton Rouge, LA
Beaumont-Port Arthur, TX
Bellingham, WA
Benton Harbor, Ml
Bergen-Passaic, NJ*
Billings, MT
Biloxi-Gulfport-Pascagoula, MS

61,948
2,683
5,415
11,776
7,276
2,920
3,366
44,162
2,634
6,006

65,177
2,794
5,815
12,331
7,505
3,151
3,451
46,207
2,729
6,266

68,758
2,927
6,190
12,786
8,034
3,309
3,647
49,111
2,851
6,614

5.5
4.8
6.4
3.7
7.0
5.0
5.7
6.3
4.5
5.6

25,157
18,582
27,199
20,956
19,413
19,589
20,839
33,425
21,162
17,594

26,399
19,418
28,758
21,786
20,062
20.694
21,415
34,795
21,737
18,350

27,770
20,425
30,199
22,408
21,453
21,438
22,689

1
248
25
168
207
208
157
5

Binghamton, NY
Birmingham, AL
Bismarck, ND
Bloomington, IN
Bloomington-Normal, IL
Boise City, ID
Boston-worcester-Lawrence-LowellBrockton, MA-NH (NECMA)
Boulder-Longmont, CO*
Brazoria, TX*
Bremerton, WA*

5,208
20,268
1,789
2,135
3,181
8,423

5,357
21,363
1,906
2,269
3,373
8,906

5,542
22,445
1,972
2,369
3,545
9,430

3.5
5.1
3.5
4.4
5.1
5.9

20,251
22,640
20,103
18,544
22,944
23,349

21,147
23,858
21,151
19,587
24,172
23,901

22,123
21,711
20,316
25,200
24,567

177
93
192
251
87
108

164,632
7,160
4,200
4,517

174,335
7,641
4,510
4,756

185,340
8,212
4,787
5,053

6.3
7.5
6.1
6.2

28,612
28,269
19,492
20,006

30,124
29,702
20,508
20,597

31,808
31,393
21,285
21,580

15
17
211
201

Brownsville-Harlingen-San Benito, TX
Bryan-College Station, TX
Buffalo-Niagara Falls, NY
Burlington, VT (NECMA)
Canton-Massillon, OH
Casper, WY
Cedar Rapids, IA
Champaign-Urbana, IL
Charleston-North Charleston, SC
Charleston, WV

3,641
2,065
26,422
4,298
8,433
1,562
4,294
3,361
9,397
5,597

3,850
2,190
27,200
4,554
8,727
1,616
4,541
3,554
9,855
5,844

4,095
2,384
28,031
4,758
9,086
1,710
4,830
3,703
10,472
6,046

6.4
8.9
3.1
4.5
4.1
5.8
6.4
4.2
6.3
3.5

11,967
15,749
22,382
22,911
20,968
24,487
23,979
20,118
17,857
22,011

12,357
16,697
23,184
24,023
21,668
25,390
25,251
21,144
18,851
22,992

12,857
17,963
24,099
24,876
22,571
26,641
21,962
19,601
23,850

315
301
118
97
161
56
58
186
279
124

Charlotte-Gastonia-Rock Hill, NC-SC
Charlottesville, VA
Chattanooga, TN-GA
Cheyenne, WY
Chicago, IL*
Chico-Paradise, CA
Cincinnati, OH-KY-IN*
Clarksville-Hopkinsville, TN-KY
Cleveland-Lorain-Elyria, OH*

30,999
3,546
9,409
1,662
217,348
3,426
37,850
3,069
55,772

33,285
3,755
9,902
1,726
229,112
3,614
39,973
3,245
58,108

35,792
3,958
10,387
1,793
242,155
3,809
42,382
3,410
60,841

7.5
5.4
4.9
3.9
5.7
5.4
6.0
5.1
4.7

24,083
24,930
21,279
21,224
27,978
17,795
23,855
16,351
24,999

25,237
25,996
22,268
21,925
29,260
18,813
25,059
16,715
26,046

26,480
27,029
23,195
22,815
30,717
19,715
26,373
17,248
27,314

62
55
138
150
21
274
63
306
49

New York-No. New Jersey-Long Island, NY-NJ-CT-PA
Philadelphia-Wilmington-Atlantic City,
PA-NJ-DE-MD
Portland-Salem, OR-WA
Sacramento-Yolo, CA
San Francisco-Oakland-San Jose, CA
Seattle-Tacoma-Bremerton, WA
Washington-Baltimore, DC-MD-VAWV
Metropolitan Statistical Areas
Abilene TX
Akron, OH*
Albany, GA
Albany-Schenectady-Troy, NY
Albuquerque, NM
Alexandria LA .
Allentown-Bethlehem-Easton, PA
Altoona, PA
Amarillo, TX
Anchorage, AK

28,555
24,574
25,495
27,023
28,483
26,374
26,566

27,936
25,100
24,099
32,571
27,855

29,981
25,855
26,733
28,709
30,099
27,419
28,225

Daytona Beach, FL
Decatur, AL
Decatur, IL
Denver, CO*
Des Moines, IA
Detroit, Ml*
Dothan, AL
Dover, DE
Dubuque, IA
Duluth-Superior, MN-WI

29,292
26,396
25,138
34,634
29,839

3

See footnotes at the end of the table.




27,296
23,427
24,499
25,612
27,024
25,889
25,408

1995

Columbia, MO
Columbia, SC
Columbus, GA-AL
Columbus, OH
Corpus Christi TX
Cumberland, MD-WV
Dallas, TX*
Danville VA
Davenport-Moline-Rock Island, IA-IL
Dayton-Springfield, OH

248,253
47,149
74,337
123,121
64,674
143,074
112,366

22,647
19,211

Percent
change

Millions of dollars

Colorado Springs, CO

235,526
44,660
71,327
113,904
60,179
139,276
105,523

262,357
50,006
77,920
134,293
69,800
149,232
121,775

Area name

1997 1997

23,059 24,164 25,288
24,470 25,623 26,840
17,449 18,359 19,089

6,059,091 6,408,103 6,770,650
5,747,454
5,137,433
1,023,196
921,658

Consolidated Metropolitan
Statistical Areas
Chicago-Gary-Kenosha, IL-IN-WI
Cincinnati-Hamilton, OH-KY-IN
Cleveland-Akron, OH
Dallas-Fort Worth, TX
Denver-Boulder-Greeley, CO
Detroit-Ann Arbor-Flint, Ml
Houston-Galveston-Brazoria, TX
Los Angeles-Riverside-Orange County, CA
Miami-Fort Lauderdale, FL
Milwaukee-Racine, Wl

Rank in
US.

Per capita personal income !

Personal income

Dutchess County, NY*
Eau Claire, Wl
El Paso, TX
Elkhart-Goshen, IN
Elmira, NY
Enid, OK
Erie, PA
Eugene-Springfield, OR
Evansville-Henderson, IN-KY
Fargo-Moorhead, ND-MN
Fayetteville, NC
Fayetteville-Springdale-Rogers, AR ...
Flagstaff AZ-UT
.
. .
Flint, Ml*
Florence, AL
Florence, SC
Fort Collins-Loveland, CO
Fort Lauderdale FL*
Fort Myers-Cape Coral, FL
Fort Pierce-Port St. Lucie, FL
Fort Smith, AR-OK
Fort Walton Beach, FL
Fort Wayne, IN
Fort Worth-Arlington, TX*
Fresno, CA
Gadsden, AL
Gainesville, FL
Galveston-Texas City, TX*
Gary, IN*
Glens Falls, NY

1996

1997

1996-97

Rank in
U.S.

Dollars
1995

1996

1997 1997

9,748

10,514

11,270

7.2

20,978 22,263 23,493

131

2,618
10,429
5,021
33,904
6,830
1,715
80,161
1,928
7,632
21,960

2,779
11,121
5,331
35,336
7,235
1,788
86,962
1,987
8,056
22,576

2,915
11,820
5,700
37,471
7,639
1,87'
95,191
2,082
8,541
23,685

4.9
6.3
6.9
6.0
5.6
4.8
9.5
4.8
6.0
4.9

21,232
21,259
18,468
23,706
18,045
17,027
27,081
17,609
21,359
22,918

22,106
22,344
19,624
24,502
18,933
17,859
28,63:
18,193
22,561
23,607

22,797
23,435
20,929
25,728
19.781
18i919
30,481
19,126
23,906
24,877

152
134
232
75
269
291
22
288
123
96

8,300
2,764
2,512
50,303
10,522
115,080
2,492
2,308
1,832
4,708

8,864
2,874
2,665
54,103
11,167
118,194
2,559
2,507
1,931
4,950

9,341
3,003
2,753
58,471
11,830
123,417
2,668
2,550
2,016
5,167

5.4
4.5
3.3
8.1
5.9
4.4
4.3
1.7
4.4
4.4

18,492
19,814
21,629
27,553
24,883
26,009
18,589
19,094
20,746
19,794

19,489
20,458
23,126
29,055
26,102
26,506
19,073
20,611
21,849
20,839

20,187
21,202
24,107
30,743
27,403
27,619
19,869
20,776
22,874
21,723

256
216
117
20
45
44
267
239
149
191

6,404
2,720
9,431
3,781
1,825
1,091
5,670
6,117
6,290
3,315

6,776
2,878
9,895
3,873
1,906
1,143
5,925
6,544
6,