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DECEMBER 2 0 0 0 ^
VOLUME 80 NUMBER
12
SURVEY of CURRENT BUSINESS
IN THIS ISSUE . . .
A Note on Hedonics, Computers, and Real GDP
GDP by Industry for 1997-99
U.S. DEPARTMENT OF COMMERCE ^
ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
DECEMBER 2 0 0 0
VOLUME 8 0
NUMBER
12
SURVEY of
CURRENT BUSINESS
The SURVEY OF CURRENT BUSINESS (ISSN
0039-6222) is published monthly by
the Bureau of Economic Analysis of the
U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief, SURVEY
U.S. Department of Commerce
Norman Y. Mineta, Secretary
liCONOMICS!
ANPSTATISTlCSi
Economics and Statistics Administration
Robert J. Shapiro, Under Secretary for Economic Affairs
OF CURRENT BUSINESS, Bureau of Eco-
nomic Analysis, U.S. Department of
Commerce, Washington, DC 20230.
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Bureau of Economic Analysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director
Barbara M. Fraumeni, Chief Economist
Hugh W. Knox, Associate Director for Regional Economics
Ralph Kozlow, Associate Director for International
Economics
Brent R. Moulton, Associate Director for National Income,
Expenditure, and Wealth Accounts
Sumiye Okubo, Associate Director for Industry Accounts
Douglas R. Fox, Editor-in-Chief
W. Ronnie Foster, Graphic Designer
M. Gretchen Gibson, Manuscript Editor
Ernestine T. Gladden, Production Editor
THIS ISSUE of the SURVEY went to the printer on December 14,2000.
It incorporates data from the following monthly BEA news releases:
U.S. International Trade in Goods and Services (November 21),
Gross Domestic Product (November 29), and
Personal Income and Outlays (November 30).
December 2000
SURVEY OF CURRENT BUSINESS
TABLE OF CONTENTS
imperial in this issue
17 A Note on the Impact of Hedonics and Computers on Real GDP
A review of the data on hedonic price indexes and their impact on real GDP
growth shows no evidence of an overstatement in the measured decline in computer prices. The hedonic price indexes for computers produce results that are
quite robust and that are virtually the same as those produced by a carefully constructed traditional price index for computers.
l\egular features
1
Business Situation
The growth in the U.S. economy slowed in the third quarter of 2000, while inflation remained moderate. Real GDP increased 2.4 percent, less than half as much
as the average increase in the preceding four quarters; the prices of gross domestic
purchases increased 2.3 percent, about the same as the average increase in the preceding four quarters. Corporate profits increased $7.6 billion (0.8 percent at a
quarterly rate) in the third quarter after increasing $27.3 billion (2.9 percent) in
the second. The Federal Government current surplus increased $13.4 billion, to
$254.3 billion, in the third quarter after increasing $5.1 billion in the second. The
State and local government current surplus increased $4.1 billion, to $64.2 billion, after increasing $8.1 billion.
24
Gross Domestic Product by Industry for 1997-99
New estimates of gross domestic product by industry for 1999 and revised estimates for 1997 and 1998 incorporate the results of this year's annual revision of
the NIPA's and newly available source data. According to these estimates, the
long-term structural shift in the U.S. economy from goods-producing industries
to services-producing industries continued. The revisions to the real growth rate
of private industries were small, but the revisions to the growth rates for some of
the individual industry groups were substantial.
— Continued on the next page —
II
SURVEY OF CURRENT BUSINESS
l\eports and statistical presentations
14
Revised Estimates of Real Gross Product of Nonfinancial Corporate
Business for 1997-2000
16
Federal Personal Income Tax Liabilities and Payments, 1959-98
36
Subject Guide
38
Schedule of BEA News Releases in 2001
D-l
BEA Current and Historical Data
Inside back cover: Getting BEA's Estimates
Back cover:
Schedule of Upcoming BEA News Releases
LOOKING AHEAD
Annual Input-Output Accounts of the U.S. Economy. The 1997 annual input-output (I-O) accounts will be presented in the January 2001 SURVEY and will be
available on BEA's Web site on December 18, 2000. The publication of these accounts—which present a detailed picture of how 97 industries and commodities interact to provide input to, and take output from, each other—continues
the annual updating of the 1-0 accounts that began last year.
December 2000
SURVEY OF CURRENT BUSINESS
December 2000
B U S I N E S S
This article was
prepared by Larry
R. Moran, Daniel
Larkins, Ralph W.
Morris, Jennifers.
Argueta, and
Steven J. Andrews.
S I T U A T I O N
of the U.S. economy slowed in the and to private investment in inventories that were
partly offset by upward revisions to business inthird quarter, as private investment slowed
vestment in structures and to State and local govsharply and Federal Government spending turned
ernment spending.2
down. Inflation remained moderate.
Real final sales of domestic product was revised
Real gross domestic product (GDP) increased
down, and real gross domestic purchases was re2.4 percent in the third quarter of 2000, according
vised up. The increases in the prices of gross doto the "preliminary" estimates of the national inmestic purchases and of GDP were revised down.
come and product accounts (NIPA's), after increasing 5.6 percent in the second quarter (table 1 and (The sources of the revisions are discussed in the
section "Revisions.")
chart 1); the "advance " third-quarter estimate of
real GDP, reported in the November "Business Sit2. In the NIPA's. business investment in equipment and software and in strucuation," had shown a 2.7-percent increase.1 The tures is shown as private nonresidential fixed investment, private inventory
is shown as change in private inventories, and government spending
downward revision to real GDP reflected an up- investment
is shown as government consumption expenditures and gross investment.
ward revision to imports and downward revisions
to business investment in equipment and software
CHART 1
]. Quarterly estimates in the NIPA's are expressed at seasonally adjusted
annual rates. Quarter-to-quarter dollar changes are the differences between the
published estimates. Quarter-to-quarter percent changes are annualized and are
calculated from unrounded data unless otherwise specified.
Real estimates are calculated using a chain-type Fisher formula with annual
weights for all years and quarterly weights for all quarters; real estimates are
expressed both as index numbers (1996=100) and as chained (1996) dollars.
Price indexes (1996=100) are also calculated using a chain-type Fisher formula.
Real Gross Domestic Product
Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real
Final Sales to Domestic Purchasers
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Level
2000
Change from preceding
quarter
54.6
8.3
4.8
5.6
2.4
62.5
10.3
10.7
6.3
12.0
14.3
18.6
15.4
17.4
1997
1998
1999
2000
Based on Seasonally Adjusted Annual Rates
9,767.7 187.4 129.5 150.7
73.4
8.4
5.6
6.5
3.1
CONTRIBUTIONS TO 2.4-PERCENT INCREASE IN REAL GDP IN 2000:lll
42.0
39.3
2.6
-5.1
-3.9
-1.2
9,688.1 147.6 169.5 110.6
77.6
6.6
7.5
4.7
3.3
87.2 112.5 47.1 69.9
46.4 -11.5 17.4
26.7 16.3 22.0
31.9 44.2 39.5 32.0
28.8 64.3 46.7 14.3
29.3 63.5 47.2 26.9
3.0
9.8
6.0 13.4
23.5 50.3 46.2 16.1
2.9
1.2 -10.3
.5
5.9
13.0
7.4
3.8
7.2
9.5
9.7
9.5
.5
7.6
23.6
6.0
5.2
16.4
21.0
22.3
20.6
3.2
9,373.5 178.3 107.7 127.1
Less. Exports of goods and services
1,162.7
1,587.7
Equals: Gross domestic purchases
Less. Change in private inventories
Nontarm
Farm
Equals: Final sales to domestic purchasers..
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Private fixed investment
Nonresidential
Structures
Equipment and software
Residential
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Addendum: Final sales of domestic product
2000
1999
2000
1999
Gross domestic product
Plus: Imports of goods and services
Percent change from
preceding quarter
73.5
68.4
5.0
6,330.5
904.1
1,883.1
3,558.7
1,791.9
1,439.4
286.8
1,162.7
362.3
1,577.7
545.8
346.2
199.4
1,031.4
25.8
35.7
16.4
40.8
41.8 -44.3
29.5 -40.0
12.9 -4.3
37.0
63.5
25.6
32.0
31.7 -4.4
17.1 -21.0
10.5 -19.4
6.6 -1.7
14.8 16.2
18.6 -6.0
21.7 -13.0
13.6 -8.9
8.2 -4.2
-2.8
6.8
9,294.1 138.7 147.5 87.3 58.8
Personal Consumption Expenditures
8.5 -1.1
13.2 -14.2
12.6 -19.8
14.4 -3.3
6.6
6.1
6.4
6.7
Nonresidential Fixed Investment
3.1
4.5
-5.0
8.1
3.6
4.8
3.7
4.6
3.3
11.2
7.8
14.6
4.4 14.9
5.8
17.9
1.3 -10.5
4.8
17.2
16.9
17.8
-1.1
Residential Fixed Investment
1
Change in Private Inventories
-1.5
-9.0
-9.6
-8.0
2.7
Exports
Government Consumption and Investment
3.9 2.6
-
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 perkxi, the corresponding chained-dollar estimates usually are not additive. Chained (1996) dollar levels and residuals,
which measure the extent of nonadditivity in each table, are shown in NIPA tables 1.2. 1.4, and 1.6. Percent changes are calculated
from unrounded data Percent changes in major aggregates are shown in NIPA table S t . (See "Selected NIPA Tables," which
begin on page D-2 in this issue.)
4
2
0
2
4
Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
December 2000
The 2.4-percent increase in real GDP in the
third quarter was the smallest increase in 4 years
and was well below the 3.7-percent average annual
growth rate over the current expansion, which began in the second quarter of 1991.
Overall, the picture of the economy that is presented by the preliminary estimates is similar to
that presented by the advance estimates; however,
revisions to some of the components of GDP were
substantial and offsetting. The preliminary estimates showed the following:
• Real GDP growth decelerated in the third quarter. The deceleration was accounted for by
downturns in private inventory investment, in
Federal Government spending, and in private
residential investment and by a deceleration in
business investment in equipment and software.
These changes were partly offset by an acceleration in consumer spending and by an upturn in
State and local government spending.3
• Real motor vehicle output decreased 16.4 percent in the third quarter after decreasing 4.5
percent in the second. GDP less motor vehicles
increased 3.1 percent after increasing 6.0 percent.
• Real final sales of computers increased 37.7 percent in the third quarter after increasing 55.4
percent in the second. GDP less^ final sales of
3. In the NIPA's, consumer spending is shown as personal consumption
expenditures.
Table 2.—Contributions to Percent Change in Real Gross
Domestic Product
[Seasonally adjusted at annual rates]
1999
2000
computers increased 2.0 percent after increasing
5.2 percent.
• Real final sales of domestic product decelerated
less than GDP in the third quarter, as private inventory investment turned down.4 The growth
in real final sales of domestic product was 0.2
percentage point higher than the growth in real
GDP in the third quarter; in the second quarter,
the growth in final sales was 1.7 percentage
points lower than the growth in real GDP.
• Real gross domestic purchases decelerated
slightly more than real GDP in the third quarter, reflecting a small deceleration in imports
of goods and services and a small acceleration in
exports of goods and services.5 Gross domestic
purchases has grown faster than GDP for 7 consecutive quarters and for 14 of the past 15 quarters.
• The largest contributors to the third-quarter
increase in real GDP were consumer spending,
4. Final sales of domestic product is calculated as GDP less change in private
inventories.
5. 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 investment;
thus, gross domestic purchases includes imports of goods and services, which
are subtracted in the calculation of GDP, and does not include exports of goods
and services, which are added in the calculation of GDP.
Table 3.—Percent Changes in Prices
[Annual rates, based on seasonally adjusted index numbers (1996=100)]
1999
2000
IV
Gross domestic product
1.6
3.3
2.4
1.9
Less. Exports of goods and services
Plus: Imports of goods and services .
2.7
5.3
1.9
5.6
1.9
.2
.8
3.6
Equals: Gross domestic purchases
1.9
3.8
2.1
2.3
2.0
3.8
2.1
2.3
2.2
-1.8
3.6
2.3
0
-.8
3.6
-2.1
2.6
3.5
-2.0
5.4
3.7
2.6
1.8
4.7
.9
5.2
2.1
-.6
3.3
2.0
1.9
1.6
3.7
1.0
2.6
2.1
-2.3
2.2
3.0
2.3
2.2
4.9
1.3
2.7
3.0
2.2
2.4
1.9
3.5
6.4
7.7
7.1
8.9
5.7
2.7
.6
.8
.4
3.8
3.2
2.7
2.9
2.4
3.4
2.3
12.0
1.5
2.3
37.7
2.8
2.3
11.2
1.7
3.5
11.1
1.8
2.3
11.7
1.7
2.4
35.1
2.2
2.3
13.0
1.4
3.7
8.7
1.5
Less: Change in private inventories
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
8.3
4.08
1.04
1.47
1.58
3.04
1.26
4.8
5.03
1.79
1.19
2.04
5.6
2.14
-.42
.74
1.83
3.66
1.93
1.87
.14
1.73
.06
1.73
2.4
3.02
.64
.95
1.78
-.37
1.09
.94
.15
-1.45
-1.28
-.17
-1.76
.21
-1.61
-1.28
-.33
1.48
1.37
.11
-2.48
-2.26
-.22
1.43
.40
.58
1.04
.45
.59
-.46
-.18
-.79
1.60
1.46
.15
-2.39
-1.95
-.44
1.50
.79
.48
.30
.71
-.18
-.93
-.86
-.07
.75
.85
.97
.60
.37
-.12
-.26
-.57
-.38
-.19
.31
1.22
.29
.94
.03
.92
2.68
2.54
.63
1.91
.14
-.94
.67
.46
-1.00
NOTE.—More detailed contributions to percent change in real gross domestic product are
shown in NIPA table 8.2. Contributions to percent change in major components of real gross
domestic product are shown in tables 8.3 through 8.6.
Equals: Final sales to domestic purchasers
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Private fixed investment
Nonresidential
Structures
Equipment and software
Residential
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Addenda:
Gross domestic purchases:
Food
Energy
Less food and energy
PCE:
Food
Energy goods and services *
Less food and energy
1. Consists of gasoline, fuel oil, and other energy goods, and of electricity and gas.
NOTE.—Percent changes in major aggregates are shown in NIPA table 8.1. Index numbers
are shown in tables 7.1, 7.2, and 7.4.
i
December 2000
SURVEY OF CURRENT BUSINESS
exports of goods and services, and business
fixed investment (table 2 and chart 1). The
increase in GDP was moderated by an increase
in imports.
The prices of gross domestic purchases increased 2.3 percent in the third quarter after increasing 2.1 percent in the second (table 3); the
small acceleration was primarily accounted for by
an acceleration in the prices of PCE services,
largely in medical care. The prices of gross domestic purchases excluding food and energy prices,
which are more volatile than many other prices,
increased 1.8 percent after increasing 1.7 percent.
GDP prices increased 1.9 percent in the third
quarter after increasing 2.4 percent in the second.
GDP prices decelerated while gross domestic purchases prices accelerated, because export prices decelerated and import prices accelerated; the
acceleration in import prices primarily reflected a
sharp step-up in petroleum prices.
Real disposable personal income increased 2.4
percent in the third quarter after increasing 3.7
percent in the second. The personal saving rate fell
to -0.2 percent in the third-quarter from 0.3 percent in the second; the third-quarter rate was the
only negative rate since 1946—the first year for
which quarterly estimates are available.6 The national saving rate decreased to 18.5 percent from
18.6 percent; the national saving rate has ranged
CHART 2
Real Personal Consumption Expenditures
Percent
8 :
PERCENT CHANGE FROM PRECEDING QUARTER
6
1997
1998
1999
2000
Based on Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO 4.5-PERCENT INCREASE IN
REAL PERSONAL CONSUMPTION EXPENDITURES IN 2000:lll
Services
-
1
0
1
2
3
Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis
6. The personal saving rate is measured as personal saving as a percentage of
current-dollar disposable personal income.
Table 4.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Percent change from preceding
Billions of chained (1996) dollars
L|uai ici
Level
Change from preceding quarter
onon
iUUU
1999
Personal consumption expenditures
2000
1999
III
IV
2000
I
IV
III
II
II
III
6,330.5
87.2
112.5
69.9
5.9
7.6
3.1
4.5
904.1
342.3
25.6
46.4
20.9
-11.5
-15.9
17.4
13.0
6.4
7.7
23.6
27.7
-5.0
-16.9
8.1
7.8
101.3
107.6
387.6
177.9
5.1
.2
5.6
-3.7
-7.8
-4.0
22.4
.9
177
-13.0
-25.7
-14.4
30.7
15.8
23.6
49.2
19.1
24.1
5.6
2.3
9.0
6.9
7.4
9.4
-.1
5.1
9.0
6.0
2.9
20.9
-14.0
10.3
3.6
2.0
5.6
4.5
4.9
4.8
1.2
9.8
4.7
8.3
4.6
2.7
3.7
2.3
1.8
Durable goods
Motor vehicles and parts
Of which:
New autos
New light trucks
Furniture and household equipment
Other
6.0
47.1
14.3
10.3
15.9
6.0
9.1
5.2
1.0
7.0
8.3
2.9
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy goods .
Other
1,883.1
879.2
350.4
149.2
506.5
32.0
19.3
26.7
16.3
22.0
6.2
0
1.9
4.3
4.6
2.7
8.1
1.7
10.2
15.6
-5.7
11.9
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
3,558.7
851.8
376.4
135.1
241.1
250.9
909.8
237.0
931.5
31.9
44.2
5.8
2.1
2.3
7.2
2.1
4.9
5.4
2.3
3.2
2.5
4.6
5.1
19.1
21.3
NOTE—See role to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are shown in NIPA tables 2.3 and 8.9B (motor vehicles). Percent
changes in major aggregates are shown in NIPA lable S.1.
i
-5.4
-7.8
1 7
5.9
10.0
39.5
32.0
5.6
4.8
1.6
10.1
6.5
3.7
2.4
6.4
4.9
-1.4
10.6
13.5
3.0
1.0
6.0
4.8
3.8
2.8
-5.8
-20.9
3.8
3.7
3.3
3.9
9.1
5.2
2.4
6.1
7.2
5.6
4.2
2.1
9.6
9.9
11.6
21.4
-3.9
6.4
3.9
2.9
9.0
4.8
5.2
1.6
2.7
8.6
6.0
December 2000
SURVEY OF CURRENT BUSINESS
from 18.2 percent to 18.6 percent for the last six
quarters after ranging from 18.7 percent to 19.0
percent for the preceding five quarters.7
Personal consumption expenditures
Real personal consumption expenditures (PCE)
increased 4.5 percent in the third quarter after increasing 3.1 percent in the second (table 4 and
chart 2). The acceleration was accounted for by an
upturn in durable goods and by an acceleration in
nondurable goods. Services decelerated.
Over the past four quarters, PCE increased 5.3
percent, well above its 3.8-percent average annual
growth rate over the current expansion. The factors frequently considered in the analyses of consumer spending showed some strength from the
third quarter of 1999 to the third quarter of 2000
(chart 3). The unemployment rate fell to 4.0 percent—its lowest quarterly rate since 1969—from
4.2 percent. Real disposable personal income in7. The national saving rate is measured as gross saving as a percentage of gross
national product.
creased 3.1 percent, which was slightly higher than
the 2.9-percent average growth rate over the current expansion. The Index of Consumer Sentiment
(prepared by the University of Michigan's Survey
Research Center as a measure of consumer attitudes and expectations) decreased in three of the
four quarters, but it remained at a high level.
Expenditures for durable goods increased 8.1
percent after decreasing 5.0 percent. The upturn
was mostly accounted for by an upturn in motor
vehicles and parts. However, furniture and household equipment and "other" durable goods increased more than in the second quarter.8
Expenditures for nondurable goods increased
4.8 percent after increasing 3.6 percent. Accelerations in "other" nondurable goods and in clothing
and shoes more than offset a deceleration in food.9
8. "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.
9. "Other" nondurable goods includes tobacco, toilet articles, drug preparations and sundries, stationery and writing supplies, toys, film, flowers, cleaning
preparations and paper products, semidurable house furnishings, and magazines and newspapers.
CHART 4
Selected Factors
Affecting Consumer Spending
Real Private Fixed Investment
Percent change
Percent
25 n;,
10
REAL DISPOSABLE PERSONAL INCOME '
20
MlllllllJlllI1
15
10
1997
1998
1999
2000
Based on Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO 3.3-PERCENT INCREASE IN
REAL PRIVATE FIXED INVESTMENT IN 20O0:lll
Nonresidential Structures
Nonresidential Equipment and Software
1997
1998
1999
2000
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
-4
0
4
Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis
December 2000
SURVEY OF CURRENT BUSINESS
the capacity utilization rate increased to 82.4 percent from 81.3 percent (chart 5). In contrast,
long-term interest rates increased; for example, the
yield on high-grade corporate bonds increased to
7.54 percent in the third quarter of 2000 from 7.31
percent in the third quarter of 1999.
Investment in equipment and software increased 5.8 percent in the third quarter after jumping 17.9 percent in the second. The slowdown was
widespread, but it was most pronounced in transportation equipment and in "other" information
processing equipment.11
Investment in nonresidential structures jumped
14.9 percent after increasing 4.4 percent. The stepup was accounted for by upturns in utilities and in
"other structures" and by an acceleration in nonresidential buildings.
Expenditures for services increased 3.7 percent
after increasing 4.6 percent. A deceleration in
household operation, largely reflecting a downturn in electricity and gas, more than offset an acceleration in "other" services.10
Private fixed investment
Real private fixed investment increased 3.3 percent
in the third quarter after jumping 11.2 percent in
the second (table 5 and chart 4). Nonresidential
fixed investment decelerated, and residential investment turned down.
Nonresidential fixed investment—Real private
nonresidential fixed investment increased 7.8 percent in the third quarter after jumping 14.6 percent in the second. The deceleration reflected a
deceleration in equipment and software that more
than offset an acceleration in structures.
Over the past four quarters, nonresidential fixed
investment increased 13.1 percent, somewhat
more than its 9.3-percent average annual growth
rate over the current expansion. Many of the factors that affect investment spending have shown
strength over the past four quarters: Real final sales
of domestic product increased 4.9 percent, domestic corporate profits increased 13.9 percent, and
Residential investment—Real private residential
investment decreased 10.5 percent in the third
quarter after increasing 1.3 percent in the second
(table 5 and chart 4). All the components of residential structures contributed to the downturn.
Single-family structures decreased 16.3 percent
after decreasing 4.5 percent, and multifamily
structures decreased 29.5 percent after decreasing
2.5 percent.
11. "Other information processing equipment" includes communication
equipment, instruments, photocopy and related equipment, and office and accounting equipment.
10. "Other" services includes personal care, personal business, education and
research, religious and welfare activities, and net foreign travel.
Table 5.—Real Private Fixed Investment
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Level
Percent change from preceding
quarter
Change from preceding quarter
1999
2000
1999
IV
III
Private fixed investment
Nonresidential
Structures
Nonresidential buildings, including farm .
Utilities
Mining exploration, shafts, and wells
Other structures
Equipment and software
Information processing equipment and software ,
Computers and peripheral equipment!
Software2
Other
Industrial equipment
Transportation equipment
Of which: Motor vehicles
Other
Residential
Structures
Single-family
Multifamily
Other structures3
Equipment
1,791.9
28.8
64.3
46.7
14.3
7.2
16.4
11.2
3.3
1,439.4
29.3
6.0
1.9
.4
3.3
.4
63.5
13.4
47.2
3.0
3.0
-2.1
2.3
-.4
26.9
9.8
4.5
2.0
2.1
1.2
9.5
9.7
4.0
3.9
21.0
22.3
27.1
8.6
27.0
-27.2
14.6
4.4
6.2
7.8
14.9
9.4
19.8
33.2
99.0
23.5
26.8
12.9
12.8
3.5
50.3
41.5
20.3
46.2
39.7
33.2
9.5
9.3
16.1
27.0
25.6
5.1
1.9
-8.0
3.4
3.8
-8.7
-4.4
-1.5
1.2
1.1
-2.3
-.2
3.7
0
-10.2
-8.4
-2.0
.3
286.8
204.0
44.8
30.5
7.7
1,162.7
696.1
322.9
235.2
197.5
167.8
190.5
154.4
139.9
3.9
-3.2
-3.6
-.5
362.3
352.7
185.1
21.6
146.0
9.8
.5
.4
3.2
-.3
-2.6
.1
1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
3. Other structures includes home improvements, new manufactured home sales, brokers' commissions on home sales, net purchases of used structures, and other residential structures (which
consists primarily of dormitories and of fraternity and sorority houses).
2000
2000
11.4
.9
1.5
-.6
9.7
15.7
6.1
1.4
4.4
5.2
2.9
2.6
7.0
.8
-5.5
.4
10.7
.9
-10.3
.1
78.2
22.0
9.5
20.5
24.2
29.3
8.7
10.8
-6.3
-8.4
-1.4
.5
.4
7.1
-5.1
-6.7
6.8
20.6
31.4
37.8
20.3
41.9
16.9
2.9
11.4
16.6
3.2
2.9
15.6
14.7
-13.9
16.4
-17.4
40.9
-24.3
3.9
5.8
17.1
39.2
20.4
1.8
9.6
-16.4
-17.8
10.2
-10.7
-4.4
1.3
-10.5
17.9
27.7
60.5
18.9
21.4
13.5
1.3
-4.5
-2.5
10.6
1.9
-10.8
-16.3
-29.5
1.0
1.7
NOTE—See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are shown in NIPA tables 5.5 and 8.9B (motor vehicles). Percent
changes in major aggregates are shown in NIPA table S.1.
December 2000
SURVEY OF CURRENT BUSINESS
"Other" residential structures increased 1.0 percent after increasing 10.6 percent.12 The deceleration resulted from a sharp slowdown in brokers'
commissions on home sales, which reflected a
slowdown in existing home sales that occurred despite a decrease in the commitment rate on 30year, fixed-rate mortgages from 8.3 percent to 7.9
percent.
Inventory investment
Real inventory investment decreased $5.1 billion in
the third quarter, as inventory accumulation stepped down to $73.5 billion from $78.6 billion. In12. "Other" residential structures includes home improvements, new manufactured home sales, brokers' commissions on home sales, and other residential
structures (which consists primarily of dormitories and offraternityand sorority houses).
CHART 5
Selected Factors Affecting Nonresidential
investment
Percent
60
45
30
15
CORPORATE PROFITS, CHANGE FROM
PRECEDING QUARTER'
-
11, In
I.I
-15
l l
to
0
|
I
I
REAL FINAL SALES OF DOMESTIC PRODUCT,
PERCENT CHANGE FROM PRECEDING QUARTER
ventory investment had increased $42.0 billion in
the second quarter (table 6 and chart 6).
The third-quarter decrease in inventory investment reflected decreases of $6.7 billion for wholesale trade, of $3.6 billion for retail trade, and of
$1.2 billion for farm. These decreases were partly
offset by increases of $3.4 billion for manufacturing and of $3.1 billion for "other" nonfarm industries.13
The stock of wholesale trade inventories increased $25.8 billion after increasing $32.5 billion.
Inventories of merchant wholesalers increased
$18.8 billion after increasing $28.9 billion; the
slowdown was accounted for by durable goods,
notably by motor vehicles and by machinery
equipment.
The stock of retail trade inventories increased
$17.9 billion after increasing $21.5 billion. Inventories of durable-goods retailers increased $14.0
billion after increasing $16.0 billion; the small
slowdown was more than accounted for by inventories of furniture and furnishings stores. Inventories of nondurable-goods retailers increased $4.1
billion after increasing $5.7 billion.
Farm inventories increased $5.0 billion after increasing $6.2 billion. Crop inventories increased
less than in the second quarter, and livestock inventories decreased more.
The stock of manufacturing inventories increased $21.0 billion after increasing $17.6 billion.
13. "Other" nonfarm industries include mining; construction; public utilities;
transportation; communication; finance, insurance, and real estate; and ser-
CHART 6
Real Private Inventory Investment:
Ohawge from Preceding Quarter
BMrihti
$
I11.11 • 1111111•
YIELD ON NEW HIGH-GRADE CORPORATE BONDS3
UA Department of Commerce, Bureau of Economic Analysis
1998
1909
2O$0
Based on Seasonally Adjusted Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysts
December 2000
SURVEY OF CURRENT BUSINESS
The ratio of real private nonfarm inventories to
real final sales of domestic businesses increased to
2.08 in the third quarter from 2.07 in the second
and 2.06 in the first; the inventory-sales ratio that
includes only final sales of goods and structures increased to 3.61 from 3.60 in the second quarter
and 3.57 in the first (see NIPA table 5.13).14 The
Inventories of durable-goods manufacturers increased $15.9 billion after increasing $11.3 billion;
inventories of transportation equipment manufacturers (especially of aircraft manufacturers) decreased less than in the second quarter, and
inventories of industrial-machinery manufacturers
increased more than in the second quarter. Inventories of nondurable-goods manufacturers increased $5.3 billion after increasing $6.4 billion;
inventories of petroleum refiners turned down.
"Other" nonfarm inventories increased $4.0 billion after increasing $0.9 billion.
14. 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.
Table 6.—Real Change in Private Inventories
[Billions of chained (1996) dollars; seasonally adjusted at annual rates]
Level
1999
2000
2000
IV
III
39.1
Change in private inventories
Change from preceding quarter
80.9
36.6
78.6
73.5
41.8
-44.3
-5.1
42.0
Farm
-5.0
7.9
3.6
6.2
5.0
12.9
-4.3
2.6
-1.2
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Retail trade
Durable goods
Of which Motor vehicle dealers
Nondurable goods
Other
Durable goods
Nondurable goods
43.5
3.5
3.3
.2
23.0
12.5
10.5
15.7
13.0
9.7
2.9
1.1
-.3
1.4
73.0
7.6
3.3
4.2
18.5
15.2
3.4
41.7
27.7
14.7
14.2
4.2
1.9
2.2
33.0
10.3
6.5
3.8
21.5
17.3
4.4
-4.4
-3.6
-6.4
-.8
6.1
1.3
4.8
72.3
17.6
11.3
6.4
32.5
23.8
8.9
21.5
16.0
9.7
5.7
.9
-1.5
2.5
68.4
21.0
15.9
5.3
25.8
13.3
12.3
17.9
14.0
10.0
4.1
4.0
.1
3.8
29.5
4.1
0
4.0
^.5
2.7
-7.1
26.0
14.7
5.0
11.3
3.1
2.2
.8
-40.0
2.7
3.2
-.4
3.0
2.1
1.0
-46.1
-31.3
-21.1
-15.0
1.9
-.6
2.6
39.3
7.3
4.8
2.6
11.0
6.5
4.5
25.9
19.6
16.1
6.5
-5.2
-2.8
-2.3
-3.9
3.4
4.6
-1.1
-6.7
-10.5
3.4
-3.6
-2.0
.3
-1.6
3.1
1.6
1.3
9.1
1.8
6.8
14.4
4.7
9.1
-2.0
.4
-2.1
14.7
2.3
11.2
6.4
8.9
-1.8
5.3
2.9
2.3
-16.4
-4.3
-11.2
16.7
1.9
13.3
-8.3
6.6
-13.0
Addenda:
Motor vehicles
Autos
Trucks
NOTE.-See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are shown in NIPA tables 5.11 and 8.9B (motor vehicles).
Table 7.—Real Exports and Imports of Goods and Services
[Seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Level
Percent change from preceding
Change from preceding quarter
2000
2000
2000
1999
IV
I
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
1,162.7
872.1
64.7
173.4
415.5
78.8
90.6
51.2
294.4
25.8
23.1
-1.4
7.3
7.8
-.2
2.7
6.3
3.2
16.4
11.6
1.0
1.3
2.8
2.6
3.5
.1
4.8
37.0
35.4
-.5
3.7
34.3
-.4
1.2
-1.7
2.5
40.9
38.6
5.8
8.0
20.0
.6
2.8
2.2
3.4
10.3
12.6
-8.8
20.5
9.2
-.9
14.1
70.7
4.6
6.3
6.0
6.4
3.5
3.2
14.3
17.9
.7
6.9
14.3
19.0
-3.3
9.4
43.6
-2.1
5.7
-12.5
3.5
15.4
19.8
45.7
20.8
21.9
3.0
13.7
18.8
4.8
Imports of aoods 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
1,587.7
1,365.4
51.1
170.1
86.9
481.5
199.7
292.6
92.3
224.7
35.7
32.0
.3
5.5
-7.6
16.8
1.0
9.5
8.3
3.9
40.8
32.8
-.1
2.0
5.2
13.9
4.9
8.7
-2.0
7.8
63.5
58.6
1.5
-1.3
6.5
33.7
1.4
17.7
2.0
5.3
62.5
51.5
2.3
4.7
-1.3
27.9
7.7
4.4
10.1
11.0
10.7
11.2
2.6
14.6
-31.5
18.3
2.2
16.0
53.2
8.2
12.0
11.2
-.3
4.9
30.3
14.4
11.1
13.9
-9.2
16.6
18.6
20.0
13.0
-3.0
35.3
36.2
3.1
28.9
10.0
10.6
17.4
16.6
20.0
11.8
-5.7
27.0
16.9
6.3
59.0
22.1
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 shown in NIPA table 4.4. Percent changes in major aggregates
are shown in NIPA table S.1.
8
December 2000
SURVEY OF CURRENT BUSINESS
first-quarter levels of both ratios were the lowest
since 1966.
Exports and imports
Real exports of goods and services increased 15.4
percent in the third quarter after increasing 14.3
percent in the second; exports of both goods and
services accelerated (table 7). Real imports of
goods and services increased 17.4 percent after increasing 18.6 percent; imports of goods decelerated, and imports of services accelerated.
Exports of goods jumped 19.8 percent after
jumping 19.0 percent (chart 7). A sharp slowdown
in nonautomotive capital goods was more than
offset by upturns in foods, feeds, and beverages, in
"other" goods, and in automotive vehicles, engines, and parts and by accelerations in industrial
supplies and materials and in nonautomotive consumer goods.
Exports of services increased 4.8 percent after
increasing 3.5 percent. The acceleration was largely
accounted for by upturns in travel and in passenger fares and by an acceleration in "other" private
services.15 In contrast, transfers under U.S. military
agency sales contracts turned down, and royalties
and license fees decelerated.
Imports of goods increased 16.6 percent after
jumping 20.0 percent (chart 8). The slowdown was
accounted for by decelerations in nonautomotive
consumer goods and in nonautomotive capital
goods and by a downturn in petroleum and products. In contrast, "other" goods and automotive
15. "Other" private services includes education; financial services; telecommunications; insurance; and business, professional, and technical services.
CHART 8
CHART 7
Real Imports
Real Exports
Percent
20
PERCENT CHANGE FROM PRECEDING QUARTER
16
12
1997
1997
1998
1999
I III
1998
1999
2000
Based on Seasonally Adjusted Annual Rates
2000
Based on Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO 17,4-PERCENT INCREASE
IN REAL IMPORTS IN 2000:111
CONTRIBUTIONS TO 15,4-PERCENT INCREASE
IN REAL EXPORTS IN 2000III
Foods, Feeds, and Beverages
Foods, Feeds, and Beverages
Industrial Supplies and Materials, except Petroleum
I
Industrial Supplies and Materials
Petroleum and Products
Capital Goods, except Automotive
I
Capital Goods, except Automotive
•
•
Automotive Vehicles, Engines, and Parts
Automotive Vehicles, Engines, and Parts
Consumer Goods, except Automotive
Consumer Goods, except Automotive
Other Goods
Other Goods
-2
-
3
0
3
6
9
Percentage points at an annual rate
U.S. Department of Commerce, Bureau of Economic Analysis
12
0
2
4
6
Services
Percentage points at a n annual rate
U.S. Department of Commerce, Bureau of Economic Analysis
8
December 2000
SURVEY OF CURRENT BUSINESS
vehicles, engines, and parts accelerated, and nonpetroleum industrial supplies and materials
turned up.
Imports of services jumped 22.1 percent after
increasing 10.6 percent. The step-up was largely in
royalties and license fees, reflecting payments for
the rights to broadcast the 2000 Summer Olympic
Games, and in "other" private services, partly reflecting an acceleration in financial services.
Revisions
The preliminary estimate of a 2.4-percent increase
in real GDP in the third quarter is 0.3 percentage
point lower than the advance estimate (table 9);
for 1978-99, the average revision, without regard
CHART 9
Real Government Consumption
and Investment
Government spending
Real government spending decreased 1.5 percent
in the third quarter after increasing 4.8 percent in
the second (table 8 and chart 9). A downturn in
Federal Government spending more than offset an
upturn in State and local government spending.
Federal defense spending decreased 9.6 percent
after increasing 16.9 percent. Consumption spending turned down, largely reflecting a downturn in
"other services."16 Investment also turned down,
reflecting a downturn in equipment and software.
Federal nondefense spending decreased 8.0 percent after increasing 17.8 percent. Both consumption spending and investment spending turned
down. Most of the downturn in consumption
spending was in compensation of employees and
reflected the departure of most of the temporary
workers hired for Census 2000.
State and local government spending increased
2.7 percent after decreasing 1.1 percent. Investment spending turned up, largely reflecting structures, which decreased considerably less than in
the second quarter. Consumption spending increased slightly more than in the second quarter.
Percent
10
PERCENT CHANGE FROM PRECEDING QUARTER
lL .ill • •
1997
1998
1999
2000
Based on Seasonally Adjusted Annual Rates
CONTRIBUTIONS TO -1.5-PERCENT DECREASE IN REAL GOVERNMENT
CONSUMPTION AND INVESTMENT IN 2000:lll
Nondefense
State a n d Local
-
3
-
2
-
1
0
1
2
Percentage points at an annual rate
16. "Other services" includes contractual research and development, installation support, weapons support, personnel support, transportation of material,
and travel of persons.
U.S. Department of Commerce, Bureau of Economic Analysis
Table 8.—Real Government Consumption Expenditures and Gross Investment
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter
Billions of chained (1996) dollars
Level
Change Irom preceding quarter
2000
1999
Government consumption expenditures and gross investment'
Federal
National defense
Consumption expenditures
Grass investment
Nondefense
Consumption expenditures
Gross investment . . . .
State and local
Consumption expenditures
Gross investment
2000
1999
III
IV
I
II
IV
III
I
III
II
1,577.7
31.7
-4.4
18.6
-6.0
8.5
-1.1
4.8
-1.5
545.8
346.2
290.6
56.0
199.4
151.9
48.3
17.1
10.5
9.9
.6
6.6
2.1
4.7
-21.0
-19.4
-18.3
_g
-1.7
1.1
-3.1
21.7
13.6
12.7
.7
8.2
5.4
3.0
-13.0
-8.9
-7.8
-1.0
-4.2
-3.5
-.7
13.2
12.6
14.2
4.1
14.4
6.0
49.5
-14.2
-19.8
-22.0
-6.1
-3.3
3.0
-22.4
17.2
16.9
19.0
5.4
17.8
15.1
27.7
-9.0
-9.6
-10.1
-7.0
-8.0
-8.8
-5.4
1,031.4
820.6
211.0
14.8
6.1
8.9
16.2
6.1
10.3
-2.8
5.3
-8.4
6.8
5.5
1.2
6.1
3.1
19.2
6.6
3.1
21.3
-1.1
2.6
-14.5
2.7
2.8
2.4
. . .
1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
2000
NOTE—See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996)
dollar levels and residuals are shown in NIPA table 3.8. Percent changes in major aggregates
are shown in NIPA table S.1
10
December 2000
SURVEY OF CURRENT BUSINESS
to sign, from the advance estimate to the preliminary estimate was 0.5 percentage point.
The major contributors to the 0.3-percentage
point downward revision were imports (which
contributed -0.46 percentage point), equipment
and software (-0.28 percentage point), and change
in private inventories (-0.26 percentage point).
The negative contributions of those components
were partly offset by positive contributions of nonresidential structures (0.39 percentage point) and
State and local government spending (0.31 percentage point).
The upward revision to imports of goods primarily reflected the incorporation of newly available Census Bureau data on trade in goods for
Table 9.—Revisions to Change in Real Gross Domestic Product and Prices, Third
Quarter 2000
[Seasonally adjusted at annual rates]
Percent change
from preceding
quarter
Advance
estimate
Preliminary
estimate
mate minus
advance estimate
Percentage
points
Billions
of
chained
(1996)
dollars
2.7
2.4
-0.3
-8.7
Less. Exports of goods and services
Goods
Services
16.2
20.6
5.4
15.4
19.8
4.8
-.8
-.8
-1.9
-1.5
-.5
Plus: Imports of goods and services ,
Goods
Services
13.8
13.0
18.9
17.4
16.6
22.1
3.6
3.6
3.2
12.2
10.8
1.5
Equals: Gross domestic purchases
2.9
3.1
Gross domestic product
4.1
-6.4
0
-6.5
Less: Change in private inventories
Farm
Nonfarm
Equals: Final sales to domestic purchasers
Personal consumption expenditures
Durable goods
Nondurabl
Services ,
Fixed investment
Nonresidential
Structures
Equipment and software .
Residential
Government consumption expenditures and gross investment,
Federal
National defense
Nondefense
State and local
Addenda:
Final sales of domestic product
Gross domestic purchases price index
GDP price index
10.2
2.8
3.3
4.5
7.5
4.9
3.7
4.5
8.1
4.8
3.7
0
.6
-.1
0
.1
1.2
-.2
-.6
2.9
6.9
1.7
8.5
-9.2
3.3
7.8
14.9
5.8
-10.5
.4
.9
13.2
-2.7
-1.3
1.4
3.1
8.6
-7.5
-1.4
-3.6
-10.1
-10.2
-9.9
0
-1.5
-9.0
-9.6
-8.0
2.7
2.1
1.1
.6
1.9
2.7
8.3
1.6
.5
1.0
6.8
2.7
2.4
2.0
2.6
2.3
1.9
-.1
-.1
-.1
-2.6
NOTE.—The preliminary estimates for the third quarter of 2000 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, manufacturers shipments of complete civilian aircraft 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 and trade inventories for August (revised) and September.
Exports ana 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 reports for the third 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 September, and housing prices for the third quarter.
September and revised data for August.
The downward revision to private nonresidential investment in equipment and software primarily reflected the incorporation of newly available
Census Bureau data on shipments for September
and revised data for August.
The downward revision to private inventory investment primarily reflected the incorporation of
newly available Census Bureau data on inventories
for September and revised data for August and of
newly available truck registration data from a
trade source.
The upward revision to private nonresidential
investment in structures reflected the incorporation of newly available Census Bureau data on
construction put in place for September and revised data for July and August.
The upward revision to State and local government spending was to structures and reflected the
incorporation of newly available Census Bureau
data on construction put in place for September
and revised data for July and August.
According to the preliminary estimates, real disposable personal income (DPI) increased 2.4 percent, and current-dollar DPI increased 4.6 percent;
both estimates were 0.1 percentage point less than
the advance estimates. Personal income was revised down slightly, and personal tax and nontax
payments was revised little. The preliminary estimate of the personal saving rate was -0.2 percent,
the same as the advance estimate.
Corporate Profits
In the third quarter, profits from current production increased $7.6 billion, or 0.8 percent at a
quarterly rate, after increasing $27.3 billion, or 2.9
percent, in the second quarter (table 10).17
Profits from the rest of the world increased $5.1
billion (3.8 percent) in the third quarter, as payments by U.S. affiliates of foreign corporations decreased more than receipts of earnings from
foreign affiliates of U.S. corporations.18 Profits of
domestic financial corporations increased $4.4 billion (2.6 percent). These increases were partly offset by a $1.8 billion (0.3 percent) decrease in
17. 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 (see "Selected NIPA
Tables," which begins on page D-2 of this issue) as corporate profits with inventory valuation and capital consumption adjustments.
Percent changes in profits are shown at quarterly, not annual, rates.
18. 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.
December 2000
SURVEY OF CURRENT BUSINESS
profits of domestic nonfinancial corporations.
Unit profits of these corporations decreased, as
unit costs increased more than unit prices; the real
product of these corporations increased 1.2 percent (or 4.7 percent at an annual rate).
Cash flow from current production, a profits-related measure of internally generated funds
available for investment, increased $19.6 billion after increasing $35.3 billion.19 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 generated funds—
decreased from 74.3 percent to 73.9 percent, its
lowest level since 1986.
Domestic industry profits and related measures.—
Domestic industry profits increased $7.4 billion
after increasing $27.7 billion.20 Profits of domestic
nonfinancial corporations increased $1.4 billion
after increasing $31.6 billion. Profits of manufacturing and of the transportation and utilities
group turned down. Profits of "other nonmanufacturing," of wholesale trade, and of retail trade
19. Cash flow from current production is undistributed profits with inventory
valuation and capital consumption adjustments plus the consumption of fixed
capital.
20. Domestic industry profits are estimated as the sum of corporate profits
before tax with the inventory valuation adjustment; they are shown in NIPA
table 6.16C (on page D-17 of this issue). Estimates of the capital consumption
adjustment do not exist at a detailed industry level; they are available only for
total financial and total nonfinancial industries.
increased less than in the second quarter.21 Profits
of domestic financial corporations increased $5.9
billion after decreasing $3.8 billion.
Profits before tax (PBT) increased $3.5 billion
after increasing $21.8 billion. For the third quarter,
the difference between the increase in PBT and the
increase in profits from current production reflected an increase in the inventory valuation adjustment that was partly offset by a decrease in the
capital consumption adjustment.22
Government Sector
The combined current surplus of the Federal Government and of State and local governments—the
NIPA measure of net saving by government—increased $17.4 billion, to $318.5 billion, in the third
quarter after increasing $13.2 billion in the second
21. "Other nonmanufacturing" industries include agriculture, mining, construction, and services.
22. As prices change, companies that value inventory withdrawals at original
acquisition (historical) costs may realize inventory profits or losses. Inventory
profits—a capital-gains-like element in profits—result from an increase in
inventory prices, and inventory losses—a capital-loss-like element in profits—
result from a decrease in inventory prices. In the NIPA's, inventory profits or
losses are removed from business incomes by the inventory valuation adjustment (IVA); a negative IVA removes inventory profits, and a positive IVA
removes inventory losses.
The capital consumption adjustment converts depreciation offixedassets valued at historical cost and based on service lives and depreciation patterns specified in the tax code to depreciation valued at replacement cost and based on
empirical evidence on the prices of used equipment and structures in resale
markets. For more information on depreciation in the NIPA's, see Shelby W.
Herman, "Fixed Assets and Consumer Durable Goods: Estimates for 1925-98,"
SURVEY OF CURRENT BUSINESS 80 (April 2000): 17-30.
Table 10.—Corporate Profits
[Seasonally adjusted]
Percent change (quarterly rate)
Billions of dollars (annual rate)
Change from preceding quarter
Level
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
2000
1999
III
IV
971.2
831.8
173.5
658.3
139.4
206.1
66.7
51.2
42.6
19.7
22.9
8.6
5.3
^3.3
-4.7
29 9
946.0
291.9
654.1
.5
-1 1
51.7
16.6
35.1
1,029.1
801.9
194.0
607.9
2000
II
I
43.1
34.7
4.0
30.8
8.4
13.1
4.8
27.3
21.9
-5.5
27.3
5.4
12.0
6.5
IV
1.033
.661
.248
.124
III
7.6
2.5
4.4
-1.8
5.1
-.7
-5.8
6.1
5.8
13.1
3.9
7.6
3.0
-5.2
4.8
4.5
2.3
5.1
7.0
7.2
7.8
2.9
2.7
-3.2
4.3
4.2
6.2
10.0
0.8
.3
2.6
-.3
3.8
-.4
-8.1
.4
0
.6
-5.8
11.4
8.9
-10
-59
-48
50.0
15.5
34.5
21.8
5.7
16.0
3.5
-.1
3.7
6.3
6.6
6.2
5.7
5.7
5.7
2.4
2.0
2.5
34.8
37.7
35.3
19.6
3.9
4.0
3.6
43.6
20.1
23.6
35.8
4.6
31.1
27.7
-3.8
31.6
7.4
5.9
6.3
12.0
4.9
2.5
3.6
-2.0
1.4
4.5
5.7
5.5
0.006
.001
.002
.004
0.002
.002
.001
-.002
0.000
-.003
.001
.002
NOTE.-Levels of these and other profits series are shown in NIPA tables 1.14, 1.16, 6.16C,
and 7.15.
II
I
III
Dollars
Unit price, costs, and profits of nonfinancial corporations:
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits from current production
2000
1999
0.006
0
.002
.004
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
1.9
.9
3.2
.2
11
12
December 2000
SURVEY OF CURRENT BUSINESS
(table II). 23 The Federal Government current surplus increased more than in the second quarter,
while the State and local government current surplus increased less.24
23. Net saving equals gross saving less consumption of fixed capital (CFC);
the estimates of gross saving, CFC, and net saving are shown in NIPA table 5.1.
For NIPA estimates of government current receipts, current expenditures, and
the current surplus or deficit for 1998 and 1999, see NIPA tables 3.1,3.2, and 3.3
in this issue.
Table 11.—Government Sector Current Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Current Receipts
Current expenditures
Current surplus or deficit(—).
Social insurance funds
Other
Level
Change from preceding quarter
2000
1999
2000
3082.9
2764.5
57.5
18.4
83.2
67.8
83.0
5.1
318.5
39.2
15.3
111.1
207.4
8.6
30.7
8.4
6.8
2090.4
40.7
1030.7
250.5
109.1
700.1
62.8
49.6
47.3
30.0
77.9
13.2
17.4
3.4
74.6
-2.5
15.6
7.5
10.0
50.7
70.9
42.9
35.6
25.2
2.9
2.5
10.0
24.5
14.5
2.5
9.2
39.8
13.4
2.9
14.9
25.6
4.8
2.1
10.3
27.1
0
0.2
8.3
1836.1
10.9
54.6
-21.7
37.9
22.2
319.6
170.3
785.0
773.8
11.3
251.2
257.5
52.5
58.6
35.7
6.1
0
11.1
10.0
1.1
2.2
3.0
-0.9
12.6
^.9
-10.2
-9.8
-9.9
0.4
0
15.7
12.5
3.2
12.7
2.9
9.8
4.8
-0.4
21.8
22.4
22.5
0.6
0
-8.3
-13.5
5.2
5.5
16.1
-10.6
-3.8
3.2
-18.2
-16.9
-16.8
1.3
0
20.3
14.5
5.8
15.8
15.0
0.8
5.9
-4.7
0.5
0.8
0.8
0.3
0
-9.1
-6.1
-3.0
6.0
3.9
2.2
10.3
-2.8
17.9
17.5
17.4
-0.4
0
254.3
29.8
-4.0
92.5
5.1
13.4
111.5
142.8
8.7
21.1
8.5
-12.5
3.3
89.3
-2.5
7.6
7.4
5.9
1243.8
29.5
37.3
8.3
25.8
22.1
277.4
41.4
663.8
10.0
251.2
5.4
0.4
11.1
-0.1
12.6
8.9
2.2
21.4
0
4.8
2.2
2.1
7.6
0.2
-3.8
12.2
0.9
6.5
0.2
5.9
3.8
-0.1
8.1
0.1
10.3
1179.6
20.0
18.1
22.9
17.7
18.0
925.7
269.6
-4.9
0.4
-10.4
0.5
10.9
0
15.9
4.8
-0.6
0
0
0
0
0
14.3
4.0
-0.3
0
0.1
0
0
0
20.1
3.1
-0.6
0
0.3
0
-0.3
0
13.8
4.0
-0.4
0
0.2
0
-0.2
0
14.4
4.0
-0.3
0
0
0
0
0
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
Of which-. Agricultural subsidies
Less. Current surplus of government enterprises
Less: Wage accruals less disbursements
Current surplus or deficit (-)
Social insurance funds
Other
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
64.2
9.4
19.2
-14.6
8.1
4.1
-0.4
64.6
-0.1
9.6
-0.1
19.3
0.1
-14.7
0.1
8.1
0
4.0
230.4
241.4
-11.0
36.4
27.0
9.4
5.9
-4.1
10,0
70.3
92.7
-22.4
20.5
2.6
17.9
17.9
14.5
3.4
Addendum: Net lending or net borrowing1
Net lending or net borrowing (-)
Federal government
State and local government....
1. "Net lending or borrowing" is conceptually similar to "net financial investment" in the flow-of-funds accounts prepared by the
Board of Governors of the Federal Reserve System. The two measures differ primarily because government net lending or borrowing
is estimated from data for transactions, whereas net financial investment is estimated from data for financial assets. There are also
small conceptual differences, such as the classification of the Federal Government's railroad retirement and veterans life insurance
programs.
Federal
The Federal Government current surplus increased $13.4 billion, to $254.3 billion, in the third
quarter after increasing $5.1 billion in the second.
Current expenditures decelerated more than current receipts.
Current receipts.—Federal current receipts increased $35.6 billion in the third quarter after increasing $42.9 billion in the second. The deceleration
was mostly accounted for by a deceleration in corporate profits tax accruals, but decelerations in
contributions for social insurance and in indirect
business tax and nontax accruals also contributed.
In contrast, personal tax and nontax receipts accelerated.
Corporate profits tax accruals were unchanged
after increasing $4.8 billion, reflecting a deceleration in domestic corporate profits before tax.
Contributions for social insurance increased
$8.3 billion after increasing $10.3 billion. The deceleration primarily reflected a deceleration in
contributions for social security (old-age, survivors, disability, and health insurance), which increased $7.4 billion after increasing $9.8 billion.
Indirect business tax and nontax accruals increased $0.2 billion after increasing $2.1 billion.
The deceleration was more than accounted for by a
deceleration in customs duties, which increased
$0.2 billion after increasing $2.4 billion.
Personal tax and nontax receipts increased
$27.1 billion after increasing $25.6 billion. Receipts from income taxes increased $27.0 billion
after increasing $25.5 billion. The acceleration was
more than accounted for by "estimated income tax
payments and final settlements, less refunds,"
which increased $7.6 billion after increasing $4.4
billion.
Current expenditures.—Current expenditures
increased $22.2 billion in the third quarter after
increasing $37.9 billion in the second. The deceleration was more than accounted for by a downturn
in consumption expenditures and a deceleration in
"transfer payments (net)." In contrast, "subsidies
less current surplus of government enterprises"
accelerated.
Consumption expenditures decreased $9.1 billion after increasing $20.3 billion. The downturn
was mostly accounted for by defense consumption
expenditures, which decreased $6.1 billion after
24. 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. For the major differences, see
NIPA tables 3.18B on page 13 and 3.19 on page 14 of the October 2000 SURVEY.
SURVEY OF CURRENT BUSINESS
increasing $14.5 billion; within defense consumption expenditures, the downturn was more than
accounted for by a downturn in "other" services.25
Nondefense consumption expenditures also
contributed to the downturn in consumption expenditures. Nondefense consumption expenditures decreased $3.0 billion after increasing $5.8
billion; the downturn was more than accounted
for by employee compensation. Employee compensation decreased $3.7 billion after increasing
$4.1 billion, reflecting lower employment levels at
the Bureau of the Census after the departure of
most of the temporary workers hired for Census
2000.
"Transfer payments (net)" increased $6.0 billion after increasing $15.8 billion. Transfer payments to persons increased $3.9 billion after
increasing $15.0 billion; the deceleration was more
than accounted for by a downturn in benefit payments for social security (old-age, survivors and
disability insurance), which decreased $0.8 billion
in the third quarter after increasing $12.4 billion in
the second. The second-quarter increase included
payments of $9.2 billion (annual rate) as a result of
the new Senior Citizens' Freedom to Work Act of
2000.26
"Subsidies less current surplus of government
enterprises" increased $17.9 billion after increasing $0.5 billion. The acceleration was mostly accounted for by agricultural subsidies, which
increased $17.4 billion after increasing $0.8 billion;
the third-quarter increase reflects large special
payments to farmers that resulted from the Agricultural Risk Protection Act of 2000.
State and local
The State and local government current surplus
increased $4.1 billion, to $64.2 billion, in the third
quarter after increasing $8.1 billion in the second.
Current receipts decelerated and current expenditures accelerated.
Current receipts.—State and local government current receipts increased $22.1 billion after increasing $25.8 billion. The deceleration was mostly
accounted for by a deceleration in personal tax and
nontax receipts, but a downturn in corporate profits tax accruals also contributed. In contrast, Federal grants-in-aid and indirect business tax and
25. "Other" services includes services for research and development, for
installation support, and for personnel support.
26. This act—which was signed into law April 7,2000, and was effective retroactive to January 1, 2000—eliminated the "retirement earnings test" for beneficiaries aged 65 and older, allowing them to receive full benefits regardless of
their earnings. Previously, benefits had been reduced $1 for every $3 earned
over the annual earning limit, which was $17,000 in 2000.
December 2000
nontax accruals accelerated.
Personal tax and nontax receipts increased $3.8
billion after increasing $12.2 billion. The deceleration was accounted for by personal income taxes,
which increased $3.0 billion after increasing $11.5
billion.
Corporate profits tax accruals decreased $0.1
billion after increasing $0.9 billion. The downturn
reflected a downturn in domestic corporate profits
before tax.
Federal grants-in-aid increased $10.3 billion after increasing $5.9 billion. The acceleration was
mostly attributable to a step-up in grants for medicaid.
Indirect business tax and nontax accruals increased $8.1 billion after increasing $6.5 billion.
The acceleration was accounted for by sales taxes,
which increased $4.2 billion after increasing $2.4
billion; within sales taxes, general sales taxes accelerated, reflecting stronger general retail sales in the
third quarter.
Current expenditures.—Current expenditures
increased $18.0 billion after increasing $17.7 billion.
Consumption expenditures increased $14.4 billion after increasing $13.8 billion. The acceleration
was more than accounted for by nondurable
goods, which increased $3.4 billion after increasing
$2.5 billion; within nondurable goods, petroleum
products accelerated.
Net lending or net borrowing
"Net lending or net borrowing(-)" is an alternative
measure of the Government fiscal position. Net
lending is the financing requirement of the government sector and is derived as the current surplus plus the consumption of fixed capital and
"capital transfers received (net)" less gross investment and net purchases of nonproduced assets.
Net lending increased $17.9 billion after increasing $20.5 billion. The deceleration was attributable to a deceleration in State and local
government net borrowing, reflecting an upturn
in gross investment and a deceleration in the current surplus. Federal Government net lending accelerated.
Gross investment increased $1.7 billion after decreasing $2.3 billion.27 The upturn was attributable
to State and local government grss investment,
which increased $2.7 billion after decreasing $6.5
billion, reflecting a turnaround in structures. Q
27. For NIPA estimates of government gross investment, see NIPA table 3.7 in
this issue.
13
14
December 2000
SURVEY OF CURRENT BUSINESS
Revised Estimates of Real Gross Product of Nonfinancial Corporate
Business for 1997-2000
FOR 1997-99 and the first two quarters of 2000, the
annual and quarterly estimates of real gross product of
nonfinancial corporate business have been revised to
reflect new and revised estimates of the industry-based
price index used for deflation, which typically become
available about 4 months after the annual revision of
the national income and product accounts (NIPA's).
The use of the industry-based price index was intro-
duced in the 1999 comprehensive revision of the NIPA's
to better reflect the changing industrial composition of
this sector and to provide better measures of productivity, costs, and profits per unit of gross product.
The revised estimates are presented below. In NIPA
table 1.16, the estimates in lines 36 and 38 are revised,
and in NIPA table 7.15, all the estimates are revised.[^
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
1997
1998
1999
1997
1999
1998
2000
IV
JjLl
I • I "' I I ' I " I
Billions of dollars
Gross product of corporate business
Consumption of fixed capital
Nei 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 proiits with inventory valuation and capital
consumption adjustments.
Proiits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Gross product of financial corporate business
Gross product of nonfinancial corporate business
Consumption of fixed capital
Net product
Indirect business tax and nontax liability plus business
transfer payments less subsidies.
Domestic income
Compensation oi employees
Wage and salary accruals
Supplements to wages and salaries
Corporate profits with inventory valuation and capital
consumption adjustments.
Profits before tax
Proiits tax liability
Proiits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
5,001.8 5,339.3 5,692.5
581.5
4,420.3
468.3
624.3
676.9
4,715.0 5,015.6
494.9 523.3
4,854.5 4,946.3 5,056.0 5,150.5 5,219.7 5,291.4 5,387.3 5,458.7 5,563.7 5,631.0 5,7226 5,852.7 5,975.9 6,094.7 6,179.9
565.6
576.0
587.0
617.8
597.6
630.1
642.5
3,952.1 4,220.1 4,492.3 3,831.1 3,901.2 3,996.6 4,079.3 4,129.6 4,182.9 4,265.5 4,302.3
3,098.1 3,351.4 3,585.2 3,024.8 3,064.2 3,115.1 3,188.5 3,264.9 3,320.4 3,380.1 3,440.4
2,725.8 2,792.1 2,842.3 2,896.5 2,951.3
2,636.8 2,870.6 3,082.1 2,560.2 2,604.8
464.6 459.4 458.5 462.6 472.7 478.0 483.6 489.0
503.1
480.8
461.3
724.5
743.6
743.8
710.8
694.1
701.4
705.5
714.6
744.6
711.5
723.1
681.7
237.2
444.5
283.9
160.6
8.4
32.9
130.8
654.7
244.6
410.1
312.4
97.7
17.0
39.9
157.1
711.6
255.9
455.7
328.9
126.7
-9.1
42.1
162.5
653.3
227.0
426.3
273.9
152.4
10.4
30.4
112.2
666.5
231.8
434.6
278.6
156.0
12.1
32.3
126.2
704.5
245.2
459.3
284.9
174.5
5.6
33.6
137.7
702.5
244.8
457.7
298.1
159.7
5.7
35.4
147.3
653.6
244.1
409.5
304.5
105.0
22.6
38.4
150.1
658.2
245.9
412.3
311.2
101.1
7.7
39.6
157.0
666.6
249.0
417.6
311.5
106.1
17.7
40.2
160.9
566.8
611.2
643.7
535.3
556.8
577.0
597.9
600.6
609.6
614.3
4,435.1 4,72ai 5,048.8 4,319.1 4,389.6 4,479.0 4,552.6 4,619.1 4,681.7 4.77&0
493.0
526.8
480.1
488.6
497.4
3,942.1 4,201.3 4,479.3 3,839.0 3,901.0 3,981.6
435.4
432.2
421.6
482.5
456.5
431.4
489.9
159.4
330.5
240.5
90.0
17.0
53.5
129.4
539.5
166.6
373.0
250.9
122.1
-9.1
58.0
141.3
670.7
687.7
711.5
731.1
749.9
473.9
150.9
323.0
210.4
112.6
10.4
50.2
113.9
481.6
153.4
328.2
214.0
114.2
12.1
51.1
118.8
517.0
165.5
351.5
218.9
132.6
5.6
51.3
122.2
640.3
239.4
400.9
322.5
78.4
19.9
41.2
160.5
620.2
4,838.5
4,400.3 4,442.5 4,511.5 4,614.9 4,710.0 4,802.5 4,865.4
3,494.7 3,551.8 3,617.3 3,677.1 3,733.0 3,797.1 3,852.0
2,998.5 3,050.8 3,111.6 3,167.5 3,213.3 3,270.4 3,318.4
533.6
509.6
526.7
519.7
505.7
496.2 501.0
744.8
730.8
730.1
772.7
807.4
829.3
831.8
690.4
247.8
442.6
310.2
132.4
11.4
42.9
160.8
698.6
250.8
447.7
335.7
112.1
-8.9
41.2
160.0
707.0
254.2
452.9
331.1
121.8
-19.7
42.7
164.2
750.2
270.8
479.4
338.7
140.7
-19.2
41.6
165.2
791.8
286.3
505.5
345.3
160.2
-25.0
40.6
169.6
808.2
292.0
516.1
347.9
168.3
-13.6
34.7
176.2
806.6
291.9
514.7
347.1
167.6
-4.7
29.9
181.6
640.6
631.3
642.0
660.8
675.7
680.7
694.4
4,923.1 4,999.7 5,080.6 5,191.9 5,300.3 5,414.0 5,485.5
531.3
505.8
512.9
521.6
579.2 584.0 597.5 613.4 628.4
550.6 564.5
541.3
4,046.8 4,106.2 4,160.1 4,241.7 4,297.2 4,372.6 4,435.2 4,501.4 4,607.9 4,702.7 4,800.7 4,857.1
517.8
521.0
482.3
501.1
511.7
436.2 445.6 452.4 453.2 474.6 469.3 477.3
3,510.7 3,744.9 3,996.8 3,417.4 3,468.8 3,546.2 3,610.5
2,835.1 3,055.1 3,267.0 2,768.9 2,805.3 2,850.1 2,916.1
2,409.7 2,612.8 2,804.4 2,340.5 2,381.5 2,427.3 2,489.5
423.8
428.4
426.5
422.8
425.4 442.3 462.7
573.9 569.2
544.7
534.5
555.6 560.4 588.5
496.1
158.3
337.7
218.1
119.6
8.4
51.1
120.0
654.4
4,370.4 4,469.1 4,553.0 4,612.9 4,673.6 4,757.2 4,816.2 4,909.4 4,960.3 5,034.9 5,157.9 5,264.5 5,363.7 5,430.0
564.6
561.1
523.3 542.9
554.5
509.1 517.8
490.7 491.7 513.8
483.3
473.7
472.5
457.7
511.8
163.6
348.2
229.1
119.1
5.7
51.8
125.2
3,660.6 3,707.7 3,788.5 3,822.6 3,903.3 3,958.0 4,019.0 4,106.8 4,191.0 4,282.9 4,336.1
2,979.7 3,027.6 3,080.3 3,132.7 3,183.5 3,236.5 3,295.8 3,352.2 3,401.6 3,460.0 3,510.0
2,544.6 2,587.8 2,635.5 2,683.2 2,727.0 2,775.5 2,830.9 2,884.0 2,923.7 2,975.7 3,019.4
490.6
477.9 484.4
464.9 468.3
444.8
439.8
435.1
449.5 456.5 460.9
658.3
576.8
555.3
550.9
558.5 586.6 586.0 579.1 602.0 632.8 660.1
480.0
155.3
324.7
234.4
90.3
22.6
52.7
125.6
490.2
159.3
330.9
239.9
91.0
7.7
53.0
129.3
505.6
165.3
340.2
239.9
100.3
17.7
53.6
131.5
483.8
157.7
326.1
247.8
78.3
19.9
54.8
131.4
517.2
158.5
358.6
237.6
121.0
11.4
58.0
133.1
538.1
167.2
370.9
256.3
114.6
-8.9
56.9
135.5
539.9
167.1
372.8
252.1
120.6
-19.7
58.9
144.1
563.0
173.5
389.5
257.5
132.0
-19.2
58.2
152.6
599.9
186.0
413.8
262.5
151.3
-25.0
57.9
156.6
620.1
193.5
426.7
264.5
162.2
-13.6
53.7
162.7
612.5
190.2
422.3
263.9
158.4
-4.7
50.5
167.7
Billions of chained (1996) dollars
Gross product of nonfinancial corporate business .
Consumption of fixed capital l
Net product 2
4,404.2
4,679.9 4,957.1 4,295.3 4,358.7 4,447.3 4,515.7 4,580.9 4,640.0 4,71 a 0 4,780.7 4,843.5 4,904.4 4,987.0 5,093.6 5,171.0 5,251.2 5,3124
481.4
533.9
494.1
586.7
3,910.1 4,146.0 4,370.4 3,813.9
489.5 498.1 507.4 516.8 527.6 539.3 551.7
564.4 577.9
597.2 607.3
623.1
655.4
639.2
3,869.2 3,949.1 4,008.3 4,064.1 4,112.4 4,178.7 4,229.0 4,279.0 4,326.6 4,389.8 4,486.3 4,547.9 4,612.0 4,657.0
1. 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.
2. Chained-dollar net product of nonfinancial corporate business is the difference between the gross product and
the consumption of fixed capital.
December 2000 •
SURVEY OF CURRENT BUSINESS
15
Table 7.15.—Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial Corporate Business
[Dollars]
Seasonally adjusted
Line
1997
1998
1997
1999
I
Price per unit of real gross product of nonfinancial
corporate business1.
1
1.007
II
1.010
1.019
1.006
1.007
1999
1998
III
1.007
IV
1.008
I
II
1.008
1.009
III
IV
1.012
1.012
1
II
1.016
1.019
2000
III
1.019
IV
I
II
1.019
1.025
1.031
III
1.033
Compensation of employees (unit labor cost)
2
.644
.653
.659
.645
.644
.641
.646
.650
.652
.653
.655
.657
.660
.661
.658
.658
.659
.661
Unit nonlabor cost
Consumption of fixed capital
3
4
.237
.112
.239
.113
.241
.115
.237
.112
.238
.112
.237
.112
.237
.112
.236
.112
.238
.112
.237
.113
.239
.113
.238
.114
.240
.115
.242
.116
.243
.115
.245
.116
.247
.117
.248
.118
Indirect business tax and nontax liability plus business
transfer payments less subsidies.
Net interest
5
.098
.098
.097
.098
.099
.098
.097
.097
.098
.096
.099
.097
.097
.097
.098
.099
.099
.098
6
.027
.028
.029
.027
.027
.027
.028
.027
.028
.028
.027
.027
.028
.029
.030
.030
.031
.032
Corporate profits with inventory valuation and capital
consumption adjustments (unit profits from current
production).
ProfHs tax liability
Proiits after tax with inventory valuation and capital
consumption adjustments.
7
.126
.120
.119
.124
.125
.129
.126
.121
.119
.122
.117
.121
.119
.116
.118
.122
.126
.124
8
.036
.090
.034
.086
034
.085
.035
.089
.035
.090
.037
.092
.036
.090
.034
.087
.034
.084
035
.087
033
.084
033
.088
.034
.085
.034
.083
.034
.084
.036
.086
037
.089
.036
.088
9
1. The implicit price deflator for gross product of nonfinancial corporate business divided by 100.
16
December 2000
SURVEY OF CURRENT BUSINESS
Federal Personal Income Tax Liabilities and Payments, 1959-98
THE TABLE below presents the estimates of Federal personal income tax liabilities and of Federal personal
income tax payments for 1959-98.1 The estimates for
1997 are revised, and the estimates for 1998 are new;
these estimates reflect the incorporation of the results of
this year's annual revision of the national income and
product accounts and newly available tax return data
from the Internal Revenue Service (IRS).
1. For a discussion of the payments series, the derivation and the use of the estimates of tax liabilities, and the sources of the differences between liabilities and
payments, see Thae S. Park, "Federal Personal Income Tax Liabilities and Payments, 1959-97," SURVEY OF CURRENT BUSINESS 80 (March 2000): 11-14.
Note.—Thae S. Park prepared this presentation.
For 1998, tax payments exceeded tax liabilities by
$26.3 billion. The excess payments primarily resulted from the implementation of substantial tax cuts
under the Taxpayer Relief Act of 1997. The most important provisions that reduced liabilities were the
child tax credit and the credits for higher education
tuition, both of which became effective on January
1, 1998. The withholding tables for tax year 1998
that were issued by the IRS for use by employers to
calculate the amounts to be withheld from wages
and salaries did not fully reflect the reduction in liabilities, so tax refunds were substantial. H
Federal Personal Income Tax Liabilities and Payments, 1959-98
[Billions of dollars]
Disposable personal income (DPI)
Federal personal income taxes
Liabilities
basisl
Payments
basis2
Difference
Alternative
DPI with
NIPA Federal personal income taxes
on a liabilities basis
Published
DPI with
NIPA Federal personal income taxes
on a payments
basis3
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
39.0
39.9
42.7
45.4
48.8
47.8
50.2
56.8
63.7
77.5
87.4
38.5
41.8
42.7
46.5
49.1
46.0
51.1
58.6
64.4
76.4
91.7
0.5
-1.9
.0
-1.1
-.3
1.8
-.9
-1.8
-.7
1.1
-4.3
350.7
368.1
382.3
406.8
426.2
461.2
499.8
540.9
576.9
625.1
679.3
351.2
366.2
382.4
405.6
425.8
463.0
498.9
539.1
576.2
626.2
675.0
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
84.5
86.1
94.3
108.9
124.4
117.3
142.8
161.0
189.6
216.1
88.9
85.8
102.8
109.6
126.5
120.7
141.2
162.2
188.9
224.6
-4.4
.3
-8.5
-.7
-2.1
-3.4
1.6
-1.2
.7
-8.5
740.9
801.4
877.0
979.6
1,074.3
1,184.9
1,298.3
1,437.1
1,614.1
1,816.8
736.5
801.7
868.6
979.0
1,072.3
1,181.4
1,299.9
1,436.0
1,614.8
1,808.2
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
252.3
286.7
280.2
277.8
306.7
331.5
374.9
378.7
422.0
440.0
250.0
290.6
295.0
286.2
301.4
336.0
350.1
392.5
402.9
451.5
2.3
-3.9
-14.8
-8.4
5.3
-4.5
24.8
-13.8
19.1
-11.5
2,017.4
2,251.8
2,421.5
2,594.4
2,882.3
3,091.0
3,237.7
3,473.3
3,733.3
4,027.7
2,019.8
2,247.9
2,406.8
2,586.0
2,887.6
3,086.5
3,262.5
3,459.5
3,752.4
4,016.3
453.4
455.4
483.1
508.5
540.3
592.9
664.5
742.5
801.2
470.2
461.3
475.3
505.4
542.5
585.6
662.9
743.9
827.5
-16.8
-5.9
7.8
3.1
-2.2
7.3
1.6
-1.4
-26.3
4,310.4
4,480.7
4,746.8
4,932.2
5,167.7
5,415.2
5,676.2
5,969.6
6,346.4
4,293.6
4,474.8
4,754.6
4,935.3
5,165.4
5,422.6
5,677.7
5,968.2
6,320.0
1. This series is derived by the Bureau of Economic Analysis and is based on data from Statistics of Income, Individual Income
Tax Returns.
2. This series is presented in NIPA table 3.2 in the section "BEA Current and Historical Data" of the SURVEY OF CURRENT BUSINESS. All the estimates are available on the BEA's Web site at <www.bea.doc.gov> and on the STAT-USA's Web site at <www.statusa.gov>.
3. This series is presented in NIPA table 2.1 in "BEA Current and Historical Data." See also the BEA Web site.
December 2000
SURVEY OF CURRENT BUSINESS
17
A Note on the Impact of Hedonics and Computers
on Real GDP
by]. Steven Landefeld and Bruce T. Grimm
CTiHERE has been recent speculation about the
JL impact of the use of hedonic price indexes in
the measurement of real computer hardware and
software expenditures in the U.S. national income
and product accounts (NIPA's) and on the extent
to which their use may be responsible both for the
pickup in real gross domestic product (GDP) and
productivity growth and for the continued low
rate of measured inflation in the United States
since 1995. Strong growth in computer sales and
rapid declines in computer prices have made a significant contribution to economic growth; because
measured growth depends on prices, if the declines
in computer prices are overstated, the contribution
of computers to real GDP will be overstated. This
issue is central to the debate over the performance
of the U.S. economy relative to that of other countries and to the debate over whether the pickup in
the U.S. economy in the latter half of the 1990's
represents a fundamental change in the structure
of the economy or whether it is due to changes in
measurement.
A review of the data shows that only a small
share of the increase in measured growth in the
latter half of the 1990's is associated with the use of
hedonic price indexes. In addition, there is no evidence of an overstatement in the decline in computer prices. Hedonic price indexes for computers
produce results that are quite robust and that are
virtually the same as those produced by a carefully
constructed traditional price index for computers.
The perception that the use of hedonic price indexes is largely responsible for the pickup in measured U.S. growth appears, in part, to be founded
on misunderstandings about the nature of hedonic
price indexes, the extent to which they are used in
the accounts, the possible discontinuities in BEA's
time series due to the introduction of hedonic
price indexes, the importance of using chain-type
indexes in computing real GDP and prices, the robustness of hedonic price estimates, the differences
between hedonic price and traditional price mea-
sures, and the impact of BEA's methodology for
deflating computer software. In addition, the perceptions about the relative impacts of these computer measurement issues on economic growth do
not consider other measurement issues that probably impart a negative bias to measured economic
growth.
What are hedonic price indexes?
Despite their unfortunate name, hedonic price indexes are simply statistical tools for developing
standardized per unit prices for goods, such as
computers, whose quality and characteristics are
changing rapidly. Just as traditional price indexes
measure the change in the price of strawberries by
holding fixed the weight of the strawberries in a
box rather than by the price per box, computers
need to—at a minimum—be priced by holding
fixed the computing power in the computer box.
Traditional price indexes are well adapted to measuring the price of relatively standardized products, but they encounter problems—in terms of
data requirements and methods—when the characteristics, market shares, and prices of a class of
products are changing rapidly. Hedonic price indexes are one means of addressing these empirical
and methodological problems.
Traditional price indexes use the "matched
model" method to measure the relative change in
the price of a market basket of goods, holding its
quality and characteristics constant. The constancy
of quality and characteristics is maintained by
sample design, and great efforts are made at the
Bureau of Labor Statistics (BLS) to ensure that exactly the same set of items is priced each month.
Hedonic price indexes developed at BLS and
elsewhere use a statistical model that employs a regression of the prices of a basket of goods on a set
of qualities or characteristics of those goods. Using
the statistical relationship between observed price
changes and changes in the characteristics and
qualities of the goods, a hedonic price index is then
18
December 2000
SURVEY OF CURRENT BUSINESS
developed that measures relative price changes
while holding quality and characteristics constant.
Thus, the hedonic price index is doing the same
thing statistically that a matched-model price index does through sample design.1
How widespread and important is the use of
hedonic techniques?
The use of hedonic price indexes is increasing, and
the components that are deflated by hedonic techniques account for 18 percent of GDP. For most of
these components, the impact of using hedonic
techniques is small because the matched models
used earlier picked up most of the quality changes.
For example, the introduction of hedonic price indexes by BLS slightly raised the rate of price increase for VCR's and for rent but slightly lowered it
for televisions.
The main area in which the use of hedonic price
indexes has had a large impact is in computers and
peripheral equipment, whose quality-adjusted
prices have been falling at an average annual rate
of about 24 percent in recent years. In 1998, the
components for which hedonic price indexes were
used contributed a negative 0.2 percentage point
to the 1.3-percentage-point increase in the GDP
price index; however, among these components,
computers and peripheral equipment contributed
a negative 0.4 percentage point and thus more
than accounted for the negative contribution.
Discontinuities
In December 1985, BEA introduced quality-adjusted price indexes for computers and peripherals
that were developed using hedonic techniques.
Prior to the development of the hedonic-based indexes, the price index for computers was held constant at the base period value of 100; this
treatment, which differed from that for most other
NIPA price indexes for goods, faced increasing
skepticism in a period of declining prices and increasing capabilities of computers and computer
systems. Working with IBM, BEA developed hedonic price indexes for computers and peripherals
that were designed to capture the equivalent of the
price per unit of computing power through the use
of multiple regressions that explained the differences in the prices of computers and peripherals of
1. In practice, statistical agencies employ a mix of hedonic and
matched-model techniques to produce hedonic estimates. For example, BLS
uses the results from hedonic regressions to adjust for quality differences
between the prices of models going out of production and the prices of new
models replacing them in the sample. The results from the monthly price surveys are then used to produce the relevant producer price and consumer price
indexes.
different types and vintages as functions of their
characteristics. The first index covered 1969-85,
and BEA later developed estimates back to 1959;
before 1959, computers were of little importance
and were not separately identified in the NIPA's,
thereby minimizing the discontinuity. When the
estimates of computer software prices were introduced, they also extended back to 1959.2
Thus, when one looks—as several authors
have—at the difference between the real GDP
growth rate in 1973-95 and that in 1995-99, the
pickup in the later period cannot be attributed to
discontinuities (table 1). For 1973-95, real GDP
grew at an average annual rate of 2.8 percent, and
private fixed investment in computers and software accounted for 0.2 percentage point of that
growth. In 1995-99, real GDP grew at an average
annual rate of 4.2 percent, and computers and
software accounted for 0.7 percentage point of that
growth.3 In other words, the real GDP growth rate
in 1995-99 was 1.4 percentage points more than
that in 1973-95, and computers and software contributed 0.4 percentage point to that difference, a
significant share but not nearly enough to explain
the overall increase in growth.
Table 1.—Contributions of Private Fixed Investment in
Computers and Software to Percent Changes in Real GDP
[Average annual rates]
Contributions
Real
(percentage points)
GDP
(percent
Sum
change) Computers Software
1973-95
1995-99
2.78
4.15
.16
.08
.24
.37
.31
.68
Difference
1.37
.21
.23
.44
Chain-type weights versus fixed weights
Comparisons of U.S. growth rates with those of
other countries are also affected by the choice of
weighting methodology. Although the introduction of hedonic price indexes for computers raised
the measured rate of real GDP growth (relative to
the previous assumption of no price change), the
concurrent adoption of chain-type price and
quantity indexes lowered it (relative to the previous fixed-weight methodology used by the United
States and currently used by most other countries). BEA introduced chain-type weights to measure real GDP and prices in 1995 in order to
2. BEA now uses detailed BLS price indexes for computers, peripherals, parts
and for some types of software; these indexes are aggregated using BEA chain
weights to produce chain-type price indexes.
3. The contribution of final sales of computers and software—which also
includes personal consumption expenditures, exports, imports, and government—was also 0.7 percent, as imports largely offset the other components.
December 2000
SURVEY OF CURRENT BUSINESS
eliminate the bias associated with using fixed
weights. Chain-type indexes use adjacent period
weights to construct an index for each period-annual percent changes in real GDP for 1997-98, for
example, are calculated using weights from 1997
and 1998—and the indexes for each period are
chained (multiplied) together to form a time series
that allows for changes in relative prices and the
composition of output over time.4 In contrast,
fixed-weighted measures are calculated with a single set of weights over time.
In the index number literature, it has been long
recognized that . output measures that use
fixed-price weights of a single period tend to misstate growth as one moves away from the base period. This tendency, often called substitution bias,
reflects the fact that the commodities for which
output grows rapidly tend to be those for which
prices increase less than average or decline. Using
past prices to weight these goods places too high a
weight on their growth and overstates real GDP
growth. When chain-type indexes are used, the
goods with rapid growth tend to receive lower
weights, and growth in real GDP is reduced. For
example, the replacement of the fixed-weight price
index with the chain-type price index in 1995 reduced the average annual rate of growth of real
GDP during the economic expansion in 1991:11995:11 by 0.5 percentage point. (Roughly
three-fifths of this reduction reflected falling computer prices, and the rest reflected changes in the
relative prices of other goods and services.)
As the United States found, a system with fixed
weights puts too high a weight on those goods and
services—such as computers—whose prices are
falling and thus overstates real GDP growth for recent periods. Moreover, some observers may be assessing the impact of introducing quality-adjusted
prices for computers into other countries' estimates without realizing that most other countries
use fixed-weighted systems.
Most countries periodically update their
weights, but even periodic updating of fixed
weights does not adequately address substitution
bias when there are significant changes in relative
prices or when the period between updates is long.
Most of these countries plan to move to chain-type
price indexes, as recommended by the international system of guidelines on national accounting
4. The chain-type indexes that BEA uses are described in the price index literature as Fisher Ideal indexes. These indexes, which are the geometric means of
Paasche and Laspeyres chain-type indexes, have the characteristic of minimizing
substitution bias, which the Paasche and Laspeyres indexes do not. For a more
complete discussion, see Parker and Triplett (1996).
19
in the 1993 System of National Accounts. If the
U.S. experience is any guide, the introduction of a
chain index at the same time as the introduction of
a hedonic price index for computers will moderate
the impact of the computer price index and may
even significantly offset it by eliminating the substitution bias associated with noncomputer goods
whose prices are falling. This offset will be especially important for countries that are not large
producers of computers and computer components; indeed, if a country is a large importer of
these goods, there could be almost no net impact
on GDP. In such a case, introduction of a falling
price for computers will raise real investment, but
this rise will be offset by a corresponding increase
in real imports, which is subtracted in calculating
GDP.
Robustness
As is the case with any statistical method, the results from hedonic regressions are subject to error,
but the hedonic indexes for computers appear to
produce consistent results. A recent survey of the
literature by Ernst Berndt and Neal Rappaport
(2000) suggests a fairly robust central tendency
among hedonic estimates of computer prices over
time. Table 2 compares the rates of decline of computer prices reported by a number of authors for a
wide variety of time periods and types of computers. The estimated rates of decline in quality-adjusted prices range from 14 percent per annum to
Table 2.—Hedonic Studies of Computer Prices
Author1
Computer
type
Time
period
Prices: Annual
rates of
change
-21
Chow
mainframe
1960-65
Triplett
mainframe
1953-72
-27
Cole et al.
mainframe
1972-84
-19
-14
Cartwright
mainframe
1972-84
Gordon
mainframe
1951-84
-22
Cohen
personal computer
1982-87
-25 to -27
Berndt and Griliches
personal computer
1982-89
-23 to -25
Berndt, Griliches, and Rappaport
mobile personal computer
desktop personal computer
1989-92
1989-92
-23 to -24
-31 to -32
Nelson, Tanguy, and Patterson
desktop personal computer
laptop personal computer
1984-91
1990-98
-18 to-25
-40
Chwelos
desktop personal computer
personal computer
1992-98
1976-83
-32 to -35
-18
Berndt and Rappaport2
personal computer
personal computer
personal computer
1983-89
1989-94
1994-99
-18
-32
-39
Aizcorbe, Corrado, and Doms
desktop personal computer
notebook personal computer
personal computer, weighted
average.3
1994:IV-1998:IV
1994:IV-1998:IV
-31
-26
1994:IV-1998:IV
-30
BEA price index
personal computer
1994:iV-1998:IV
-32
1. See "Bibliography" for more complete citations.
2. Results reported for "all pooled" regression, (Berndt and Rappaport 2000).
3. Weights are 0.75 for desktops, 0.25 for notebooks.
20
SURVEY OF CURRENT BUSINESS
December 2000
40 percent per annum, depending on the time period and on the type of computer examined. The
range narrows when similar time periods are examined; for example, the results for personal computers (PC's) for the latter half of the 1990's cluster
around an average annual rate of decline of between 30 percent and 40 percent.
Berndt and Rappaport also evaluated the impact of using varying parameters over time to address a long-standing concern about hedonics—
that the estimated coefficients of performance
characteristics are unstable over time. They attempted to overcome this problem by estimating
individual-year regressions and using methods
analogous to the construction of Paasche and
Laspeyres chain-type indexes to construct
price-index time series; this was done separately
for mobile and desktop PC's.5 Their approach
produced four price indexes; the mean of the four
alternative (time varying) indexes was a 39.8-percent rate of decline in the prices of PC's in 199599, 6.5 percentage points more than the 33.3-percent average rate of decline in the BEA hedonic
price index for PC's over the same period (table 3).
Table 3.—Price Indexes for Computers: Average Annual
Rates of Decline, 1995-99
Percent
NIPA private fixed investment:
Computers and peripheral equipment
Personal computers
-24.2
-33.3
Berndt and Rappaportl:
Desktop personal computers, unit prices
Mobile personal computers, unit prices
Personal computers, mean of alternative hedonic indexes
-8.7
-4.6
-39.8
1. Source: Berndt and Rappaport 2000.
Relation to traditional price measures
One of the principal obstacles to estimating the
impact of hedonic price indexes for computers is
the lack of traditionally measured price indexes for
computers. Fortunately, two recent, but very different, studies—the aforementioned study by
Berndt and Rappaport and one by Ana Aizcorbe,
Carol Corrado, and Mark Doms (2000)—provide
some new price information. Berndt and Rappaport estimated the average unit prices for computers and found an 8.7-percent annual rate of decline
for desktop PC's and a 4.6-percent annual rate of
decline for mobile PC's in 1995-99 (table 3). Although such an index makes no allowance for the
increased computing power, storage capacity,
5. Laspeyres indexes are price indexes that use past-period weights to measure
changes in relative prices, whereas Paasche indexes are price indexes that use
current-period weights. For a description of these indexes and other indexes, see
Jack T.Triplett (1992).
speed, or graphics capability over this period, it allows the calculation of a crude measure of the contribution of quality change to the growth in real
GDP. If we assume that desktop PC's account for
three-fourths of the market and that mobile PC's
account for one-fourth, the average rate of decline
in unit prices for PC's was 7.7 percent, compared
with a 33.3-percent rate of decline in BEA's hedonic price index, a difference of 25.6 percentage
points. If we weight this difference using the
weight for computers and peripherals from the
NIPA's, the quality change in PC's adds, at most,
one-quarter of a percentage point to the estimate
of average annual real GDP growth over the period.6
This "what-if" exercise using unit prices may
provide a rough estimate of the impact of quality
change for computers, but a more instructive exercise is to compare the hedonic price index to a traditional matched-model price index, such as the
one recently constructed by Aizcorbe et al. They
collected quarterly data on PC prices and sales to
construct a chain-weighted price index for PC's in
which the weights were current-dollar shares for
each period; no explicit adjustments were made to
reflect quality differences across models. They
found that the decline in the prices of PC's with
Pentium I processors when Pentium II processors
were being introduced, the decline in the prices of
PC's with Pentium II processors when Celeron
processors were introduced, and so on, represented the price reductions that were necessary to
make the older units competitive with the newer
higher quality units. The price indexes that they
constructed are remarkably close to the corresponding hedonic price indexes (table 4), Their estimates of the average annual rates of price decline
in 1994:IV-1998:IV were 30.6 percent for desktop
computers and 24.6 percent for notebook corriput6. This calculation implicitly assumes no increase in the number of PC's in
equipment investment from 1995 to 1999.
Table 4.—Price Indexes for Computers: Average Annual
Rates of Decline, 1994:1V to 1998:IV
Percent
Traditional
NIPA Private fixed investment:
Computers and peripheral equipment
Personal computers
Aizcorbe et a!.':
Desktop personal computers
,
Notebook computers
Weighted average2
1. Source: Aizcorbe et al. 2000.
2. Weights are 0.75 for desktops, 0.25 for notebooks.
Hedonic
-23.7
-32.5
-30.6
-24.6
-29.1
-31.0
-26.3
-29.8
December 2000
SURVEY OF CURRENT BUSINESS
ers. Their estimates of hedonic price indexes for
the same period showed a 31.0-percent average annual rate of decline for desktop computers and a
26.3-percent average annual rate of decline for
notebook computers. BEA's price index for personal computers declined at an average annual rate
of 32.5 percent over the same period.
Software prices
BEA uses a hedonic price index (as well as a
matched-model index) in the estimation of real
prepackaged software investment for 1985-93, but
this index declines more slowly than BEA's computer price index, and its impact is largely offset by
BEA's use of cost-based estimates in constructing
the price indexes for the other two components of
software-custom software and own-account software (charts 1 and 2). BEA's price index for custom
software is a weighted average of the prepackaged-software index and a cost-based price index;
the price index for own-account software is a pure
cost-based index. (A paper describing BEA's methodology for software is on BEA's Web site at
<www.bea.doc.gov>.) By construction, BEA's
cost-based indexes assume roughly zero growth in
multifactor productivity A number of observers
have questioned this conservative methodology,
but until BEA is able to obtain better indexes, the
contribution of software investment to real GDP
growth is likely to be little different than
its contribution to current-dollar GDP growth, so
the net impact of hedonics on software prices is
minimal.
Other factors
Although much attention has recently been focused on whether real GDP growth in the latter
half of the 1990's has been overstated as a result of
the use of hedonic-based price estimates for computers and peripherals and for computer software,
there are other reasons to suspect that growth—especially that related to high-tech innovations—has
been understated. First, a number of the industries
that are heavy users of the new information technology, such as education and certain financial
services, are deflated using cost-based indexes or
by input and partial output extrapolators. As
noted above, if nominal output is deflated by total
cost indexes, there is roughly zero multifactor productivity growth, or if real output is extrapolated
by labor inputs, there is no labor productivity
growth (and if capital inputs grow faster than labor inputs, there is negative multifactor productivity growth). Recently, BEA replaced its input
extrapolation for banking services with a new BLS
banking services index; this replacement raised
real GDP growth rates in recent years by an average of 0.05 percentage point. If similar indexes
were introduced into the remaining 20 percent of
GDP that is still estimated using cost and
input-based indexes, real GDP growth might be
revised up substantially.
CHART 1
Chain-Type Price Indexes for Private Fixed
Investment in Computers and Peripherals
and in Computer Software, Average Annual
Rates of Change
CHART 2
Price Indexes for Private Fixed
Investment in Computer Software
by Type, Average Annual Rates of Change
Percent
Percent
•
Prepackaged
Custom
, j . Own Account
r
1973-95
1995-99
U.S. Department of Commerce, Bureau of Economic Analysis
1973-95
1995-99
U.S. Department of Commerce. Bureau of Economic Analysis
21
22
December 2000
SURVEY OF CURRENT BUSINESS
Bibliography
Aizcorbe, Ana, Carol Corrado, and Mark Doms.
2000. "Constructing Price and Quantity Indexes
for High Technology Goods." Paper presented at
the National Bureau of Economic Research Summer Institute 2000 session on Price, Output, and
Productivity Measurement. Cambridge, MA, July
31,2000.
Berndt, Ernst R., and Zvi Griliches. 1993. "Price
Indexes for Microcomputers: An Exploratory
Study." In Price Measurements and Their Uses.
Studies in Income and Wealth, vol. 57, edited by
Murray E Foss, Marilyn Manser, and Allan H.
Young, 63-93. Chicago: University of Chicago
Press, for the National Bureau of Economic Research.
Berndt, Ernst R., and Neal Rappaport. 2000.
"Price and Quality of Desktop and Mobile Personal Computers: A Quarter Century of History."
Paper presented at the National Bureau of Economic Research Summer Institute 2000 session on
Price, Output, and Productivity Measurement.
Cambridge, MA, July 31,2000. Revised, November
8, 2000.
Berndt, Ernst R., Zvi Griliches, and Neal Rappaport. 1995. "Econometric Estimates of Price Indexes for Personal Computers in the 1990?s."
Journal of Econometrics 68 (July 1995): 243-68.
Cartwright, David W. 1986. "Improved Deflation of Purchases of Computers." SURVEY OF CURRENT BUSINESS 66 (March 1986): 7-9.
Chow, Gregory. 1967. "Technological Change
and the Demand for Computers." American Economic Review 57 (December 1967): 1117-30.
Chwelos, Paul. 1999. "Hedonic Approaches to
Measuring Price and Quality Change in Personal
Computer Systems." Ph.D. dissertation, Faculty of
Commerce and Business Administration, University of British Columbia, December 1999.
Cohen, Jeremy M. 1988. "Rapid Change in the
Personal Computer Market: A Quality-Adjusted
Hedonic Price Index, 1976-1987" Master's thesis,
Alfred P. Sloan School of Management, Massachusetts Institute of Technology, May 1988.
Cole, Roseanne, Y.C. Chen, Joan A. BarquinStolleman, Ellen R. Dulberger, Nathan Helvacian,
and James H. Hodge. 1986. "Quality-Adjusted
Price Indexes for Computer Processors and Selected Peripheral Equipment." SURVEY OF CURRENT
BUSINESS 66 (January 1986): 41-50.
Gordon, Robert J. 1971. "The Postwar Evolution of Computer Prices." In Technology and Capital Formation edited by Dale W. Jorgenson and
Ralph Landau, 77-125. Cambridge, MA: MIT
Press.
Nelson, Randy A., Tim L. Tanguay, and Christopher D. Patterson. 1994. "A Quality-Adjusted Price
Index for Personal Computers." Journal of Business
and Economic Statistics 12 (January 1994): 12-31.
Parker, Robert. P. ai]d Jack E. Triplett. 1996.
"Chain-Type Measures of Real Output and Prices
in the U.S. National Income and Product Accounts: An Update." Business Economics 31 (October 1996): 37-43.
Triplett, Jack E. 1989. "Price and Technological
Change in a Capital Good: A Survey of Research
on Computers." In Technology and Capital Formation^ edited by Dale W. Jorgenson and Ralph Landau, 127-213. Cambridge MA: MIT Press.
Triplett, Jack E. 1992. "Economic Theory and
BEA's Alternative Quantity and Price Indexes."
SURVEY OF CURRENT BUSINESS 72 (April 1992):
49-52. H
24
SURVEY OF CURRENT BUSINESS
December 2000
Gross Domestic Product by Industry for 1997-99
By Sherlene K.S. Lum and Brian C. Moyer
E BUREAU OF ECONOMIC ANALYSIS has
JL prepared new estimates of gross domestic product (GDP) by industry for 1999 and revised estimates for 1997-98.* The estimates incorporate the
results of this year's annual revision of the national
income and product accounts (NIPA's) and newly
available source data.2 The GDP by industry estimates are value-added measures that are based on
the NIPA components of gross domestic income
(see the box "Gross Domestic Product by Industry:
Definition and Relationship to Gross Domestic
Product").
Highlights from this release include the following.
• The largest changes in contributions to real
GDP growth for 1999 relative to 1998 were in
transportation and public utilities (which
1. For the previously published estimates, see Sherlene K.S. Lum, Brian C.
Moyer, and Robert E. Yuskavage, "Improved Estimates of Gross Product by
Industry for 1947-98," SURVEY OF CURRENT BUSINESS 80 (June 2000): 24-54.
2. For more information, see Eugene P. Seskin and David F. Sullivan, "Annual
Revision of the National Income and Product Accounts," SURVEY 80 (August
2000): 6-33.
contributed 0.8 percentage point in 1999, up
from 0.2 percentage point in 1998) and in
trade (which contributed 1.0 percentage
point, down from 1.6 percentage points).
The long-term trend of the private services-producing industries' increasing share
of current-dollar GDP continued; its share
increased to 65.1 percent in 1999 from 62.5
percent in 1996.3
For 1997-98, the revisions to the real growth
rate of private industries were small, but the
revisions to the growth rates of some industry groups were substantial. For 1997, the
largest revision was to communications,
down from 11.9 percent to 1.4 percent. For
1998, the largest revision was to electric, gas,
and sanitary services, down from 2.4 percent
to -2.3 percent.
3. Services-producing industries consist of transportation and public utilities;
wholesale trade; retail trade; finance, insurance, and real estate; and services.
Goods-producing industries consist of agriculture, forestry, andfishing;mining; construction; and manufacturing.
Gross Domestic Product by Industry: Definition and Relationship to Gross Domestic Product
Current-dollar gross domestic product (GDP) by industry,
or gross product originating, is the contribution of each private industry and government to the Nation's output, or
GDP. It is the industry's value added, which is equal to its
gross output (consisting of sales or receipts and other operating income, commodity taxes, and inventory change)
minus its intermediate inputs (consisting of energy, raw
materials, semifinished goods, and services that are purchased from domestic industries or from foreign sources). It
is measured as the sum of distributions by industry of the
components of gross domestic income (GDI) that are attributable to labor and property in the United States.
In the national income and product accounts (NIPA's),
GDP is measured as the sum of the expenditure components
and is benchmarked to the input-output accounts. GDI
measures output as the sum of the costs incurred and the
incomes earned in the production of GDP. In concept, GDP
and GDI should be equal; in practice, they differ because
their components are estimated using largely independent
and less-than-perfect source data. The difference between
GDP and GDI is the "statistical discrepancy," which is
recorded in the NIPA's as an "income" component that reconciles GDI with GDP. BEA views GDP as the more reliable
measure of output, because the source data underlying the
estimates of expenditures are considered to be more accurate.1
Because the estimates of current-dollar GDP by industry
are computed using the components of GDI, the sum of the
GDP by Industry estimates also differs from current-dollar
GDP by the statistical discrepancy. Thus, for the sum of GDP
by industry to be equivalent to GDP, the statistical discrepancy must be included as an industry. The statistical discrepancy is included in private industries because in BEA's view,
most of the measurement problems with the components of
GDI affect private industries rather than general government
or government enterprises.
1. See the box "The Statistical Discrepancy," SURVEY OF CURRENT BUSINESS 77
(August 1997): 19; and "Note on Alternative Measures of Gross Product by
Industry," SURVEY 77 (November 1997): 84-85.
SURVEY OF CURRENT BUSINESS
The first part of this article discusses the relative
performance of industries in terms of real growth
rates, contributions, and shares of current-dollar
GDP. The second part discusses the revisions to
the estimates. The detailed GDP by industry estimates for 1996-99 are presented in tables 1-14 at
the end of the article (see also the box "Data Availability").
Industry Growth, Contributions,
and Shares
The relative performance of particular industries
or industry groups can be assessed by examining
their real growth rates, their contributions to real
GDP growth, their contributions to the growth in
the GDP price index, and their shares of current-dollar GDP.
Real GDP by industry growth rates
In 1996-99, real GDP increased at an average annual rate of 4.3 percent; private industries increased 5.0 percent, and government increased 1.6
percent (table A). All private industry groups except nondurable-goods manufacturing increased;
wholesale trade increased the most (10.2 percent).
Manufacturing increased 5.1 percent; duraTable A.—Percent Changes in Real Gross Domestic Product
by Industry Group
[Percent change from preceding year]
1997
Gross domestic
product
Private industries
Private goods-producing
industries
Agriculture, forestry, and
fishing
1998
1999
Average annual rate of
change,
1996-99
4.4
4.4
4.2
4.3
5.3
4.9
4.8
5.0
5.1
4.6
5.0
4.9
10.1
.2
4.8
5.0
Mining
35
79
-3 4
25
Construction
26
65
44
45
Manufacturing
Durable goods
Nondurable goods
5.4
8.6
1.3
4.3
9.8
-2.9
5.7
8.8
1.6
5.1
9.0
0
Private services-producing
industries
5.4
6.1
5.5
5.7
4.1
3.8
7.2
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services
.4
2.3
1.4
2.6
3.3
6.5
9.6
6.0
14.1
-3.0
-2.3
9.6
1.3
Wholesale trade
10.3
13.9
6.6
10.2
Retail trade
8.5
8.1
5.2
7.2
Finance, insurance, and
real estate
5.9
5.6
5.4
5.6
Services
4.3
4.4
4.0
4.3
1.5
1.4
2.0
1.6
Government
December 2000
ble-goods manufacturing increased 9.0 percent,
and nondurable-goods manufacturing was unchanged.
In 1999, real GDP increased 4.2 percent; private
industries increased 4.8 percent, and government
increased 2.0 percent. All private industry groups
except mining increased; mining decreased 3.4
percent. Within the transportation and public utilities industry group, the communications industry
increased 14.1 percent, the electric, gas, and sanitary services industry increased 9.6 percent, and
the transportation industry increased 6.0 percent.
Manufacturing increased 5.7 percent; durable-goods manufacturing increased 8.8 percent,
and nondurable-goods manufacturing increased
1.6 percent.
The 4.2-percent growth rate of real GDP in
1999 is a slight deceleration from the 4.4-percent
growth in 1998. Wholesale trade decelerated 7.3
percentage points (from 13.9 percent in 1998 to
6.6 percent in 1999), and retail trade decelerated
2.9 percentage points (from 8.1 percent to 5.2 percent).
Contributions to real GDP growth
An industry's contribution to real GDP growth indicates the extent to which the industry is affecting
the growth of real GDP. An industry's contribution
depends on both its real growth rate and its relative size.4 In 1996-99, finance, insurance, and real
estate (FIRE) was the largest contributor—at 1.1
percentage points—to the 4.3-percent average annual growth rate of real GDP (table B). The next
largest contributors were durable-goods manufac4. See the box "Using Chained-Dollar Estimates for Computing Contributions to Economic Growth: A Cautionary Note" in Sherlene K.S. Lum and Brian
C. Moyer, "Gross Product by Industry, 1995-97," SURVEY 78 (November 1998):
24-25.
Data Availability
The summary estimates of gross domestic product by
industry that are presented in this article and more
detailed estimates for 1947-99 are available on BEA's
Web site; go to <www.bea.doc.gov> and click on
"Industry and wealth data." These estimates are also
available to subscribers to STAT-USA's Internet services
(call 202-482-1986, or go to <www.stat-usa.gov>).
In addition, the estimates will be available on the following diskettes in early January.
Gross Domestic Product by Industry, 1947-99—
product number NDN-0272
Gross Output by Detailed Industry, 1977-99—product number NDN-0273
Shipments of Manufacturing Industries, 1977-99—
product number NDN-0274
To order, call the BE A Order Desk at 1-800-704-0415
(outside the United States, call 202-606-9666).
25
26
SURVEY OF CURRENT BUSINESS
December 2000
Contributions to the growth in GDP prices
An industry's contribution to the growth in GDP
prices depends on both the growth rate of its price
index and its relative size.5 In 1996-99, services
was the largest contributor—at 0.8 percentage
point—to the 1.6-percent average annual growth
rate in the GDP price index (table C). Manufacturing contributed -0.1 percentage point; durable-goods manufacturing contributed -0.3
percentage point, partly reflecting declines in the
5. For price calculations, the procedures used to compute contributions to
real GDP growth were modified to replace the chain-type quantity index with
the chain-type price index.
Average annual rate,
1996-99
1999
1998
4.4
4.4
42
4.3
Percentage points:
Private industries
4.6
4.3
4.2
4.3
1.2
1.1
1.2
1.2
0
.1
.1
.1
Mining
.2
.1
Construction
.1
.3
o
.2
.9
.9
.9
.8
.1
3.4
3.8
3.6
.1
0
.2
.1
.2
.8
.2
.4
0
Percentage points:
Private industries
Private goods-producing
industries
Agriculture, forestry,
and fishing
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
3.6
Private servicesproducing industries
.3
.1
.2
Transportation and
public utilities
Transportation
Communications
Electric, gas, and
sanitary
services
-.1
-.1
.2
Wholesale trade
.7
.9
.5
.7
Wholesale trade
Retail trade
.7
.7
.5
.6
Retail trade
Finance, insurance,
and real estate ....
Services
Government
0
1.1
1.1
1.0
1.1
.9
.9
.8
.9
.2
.2
.2
.2
NOTE.—For Information on the calculation of the contributions to percent change, see footnote 4 in text. Percentage-point contributions do not sum to the percent change In gross domestic product or to the percentage-point contribution for private Industries, because the contributions
of the statistical discrepancy and of "not allocated by industry" are excluded (see table 6 for
the detailed estimates of real gross domestic product by industry).
Finance, insurance,
and real estate ....
Services
Government
Average annual rate,
1996-99
1999
1998
1.9
1.3
1.5
1.6
1.2
.9
.9
1.0
-.1
-1
.1
o
-.2
0
0
-.1
-1
.1
o
.2
.2
-.1
-.3
-.3
.2
-.1
-.3
.2
-.4
.4
-.2
-.3
.1
1.3
1.0
.9
1.1
.3
.2
0
.2
.2
0
-.2
0
-.1
.1
.1
0
.1
-.2
-.1
.1
-.4
0
-.1
-.1
0
-2
.2
o
.6
.7
.4
.8
.1
.8
.8
.4
.3
.3
.3
o
CVJ
.7
.9
-.2
0
0
.2
.9
.8
.1
Manufacturing
Durable goods
Nondurable goods
Transportation and
public utilities
Transportation
Communications
Electric, gas, and
sanitary
services
Percent change:
Gross domestic
product
Agriculture, forestry,
and fishing
Private servicesproducing industries
1997
CVJ
Percent change:
Gross domestic
product
Private goods-producing
industries
Shares of current-dollar GDP
An industry's share of current-dollar GDP is a better indicator of the industry's relative size in the
economy than its share of real GDP, because shares
of real GDP depend on the choice of the reference
year. Shares of current-dollar GDP can also be
used to examine long-term trends in relative size,
because these shares—unlike those from real measures—do not become distorted for years that are
far from the reference year. Changes in the shares
indicate whether an industry's claim on resources
in the economy is increasing or decreasing.
In 1996-99, the share of GDP accounted for by
private industries increased from 86.9 percent to
87.5 percent, while the share of GDP accounted for
Table C—Contributions to Percent Change in the ChainType Price Index for Gross Domestic Product by Industry
Group
Table B.—Contributions to Percent Change in Real Gross
Domestic Product by Industry Group
1997
prices of computers, of digital telephone switching
equipment, and of semiconductors.
In 1999, the two largest contributors to the 1.5percent growth in GDP prices were services, which
added 0.8 percentage point, and government,
which added 0.3 percentage point. In contrast, durable-goods manufacturing subtracted 0.3 percentage point.
|
turing and services; each contributed 0.9 percentage point.
In 1999, FIRE contributed 1.0 percentage point
to the 4.2-percent growth in real GDP. Durable-goods manufacturing, transportation and
public utilities, and services each contributed 0.8
percentage point. Trade contributed 1.0 percentage point to real GDP growth: Wholesale trade and
retail trade each contributed 0.5 percentage point.
.4
NOTE—For information on the calculation of the contributions to percent change, see footnote
5 in text Percentage-point contributions do not sum to the percent change in the. chain-type
price index for gross aomestic product or to the percentage-point contribution for private industries, because the contributions of the statistical discrepancy and of "not allocated by industry"
are excluded.
December 2000
SURVEY OF CURRENT BUSINESS
27
changed substantially: Compensation rose 9.3 percentage points, and property-type income fell 10.2
percentage points.
by government decreased from 13.1 percent to
12.5 percent (table 2). By industry group, the increases in shares were concentrated in the services-producing industries, particularly in services
(from 20.0 percent to 21.4 percent) and FIRE
(from 18.4 percent to 19.3 percent). The shares of
all the goods-producing industries except construction decreased; manufacturing decreased the
most (from 16.8 percent to 16.1 percent). Construction's share increased from 4.0 percent to 4.5
percent. The decrease in the government share was
accounted for by both the Federal Government
and State and local governments: The Federal
Government share decreased 0.4 percentage point
to 4.0 percent, and the State and local government
share decreased 0.2 percentage point to 8.4 percent.
Among the current-dollar components of GDP,
the shares of compensation of employees and
property-type income each increased 0.7 percentage point in 1996-99 (table 4). For private industries, the share of compensation of employees
increased 1.2 percentage points, and that of property-type income increased 0.5 percentage point;
the share of indirect business tax and nontax liability decreased 0.3 percentage point. Within agriculture, forestry, and fishing, the component shares
Revisions to the GDP by
Industry Estimates
The revisions to the GDP by industry estimates for
1997-98 reflect the revisions to the annual NIPA
estimates and the incorporation of new and revised source data for gross output and prices. The
revisions to current-dollar GDP for 1997 were
smaller than those for 1998; GDP was revised up
$17.6 billion for 1997 and up $30.3 billion for 1998
(table D). These upward revisions reflect large upward revisions to private industries—$12.2 billion
for 1997 and $24.6 billion for 1998. The real GDP
growth rate was revised up 0.2 percentage point
for 1997 and 0.1 percentage point for 1998. Although the revisions to the real GDP by industry
growth rates for some industry groups were substantial, the effects of these revisions on real GDP
growth were generally small.
The revisions to the current-dollar estimates of
GDP by industry for 1997-98 largely reflect the incorporation of the revised NIPA estimates of the
components of gross domestic income. By industry group, for both years, the largest revision was
Table D.—Revisions to Gross Domestic Product by Industry Group, 1997-98
Current-dollar gross product
Real gross product
Billions of dollars
1997
Previously
published
Revised
Percent change from previous year
1998
Revision
Previously
published
Revised
1997
Revision
Previously
published
Revised
1998
Revision
Previously
published
Revised
Revision
8,300.8
8,318.4
17.6
8,759.9
8,790.2
30.3
4.2
4.4
0.2
4.3
4.4
0.1
7,241.4
7,253.6
12.2
7,659.8
7,684.4
24.6
5.2
5.3
.1
5.1
4.9
-.2
Agriculture, forestry, and fishing
129.7
130.0
.3
125.2
127.2
2.0
9.7
10.1
.4
-.1
.2
.3
Mining
121.0
118.9
-2.1
105.9
105.6
-.3
5.6
3.5
-2.1
5.8
7.9
2.0
Construction
343.1
338.2
-4.9
373.2
378.1
4.9
4.1
2.6
-1.5
4.1
6.5
2.4
1,377.2
798.7
578.5
1,379.6
791.2
588.4
2.4
-7.5
9.9
1,432.8
842.6
590.1
1,436.0
833.4
602.6
3.2
-9.2
12.5
5.3
9.6
-.3
5.4
8.6
1.3
.1
-1.0
1.6
4.6
10.5
-3.4
4.3
9.8
-2.9
713.2
262.8
243.1
207.2
688.4
261.8
220.8
205.9
-24.8
-1.0
-22.3
-1.3
759.1
283.9
258.7
216.6
728.0
287.8
234.1
206.0
-31.1
3.9
-24.6
5.1
5.5
11.9
.4
2.3
1.4
-2.4
-3.0
3.7
1.9
6.9
2.4
2.6
3.3
6.5
-10.6
-4.7
-3.2
-10.5
-.6
-.3
-.8
.5
-1.0
1.4
-.3
-4.7
Wholesale trade
572.3
566.8
-5.5
613.8
610.9
-1.0
12.7
Retail trade
734.1
740.5
6.4
781.9
796.8
.9
7.6
Finance, insurance, and real estate ....
1,561.6
1,569.9
8.3
1,674.2
1,689.5
.8
6.4
Services
1,692.5
1,691.5
-1.0
1,841.3
1,837.1
-.2
4.5
-3.2
29.7
32.9
-47.6
-24.8
1,059.4
1,064.8
5.4
1,100.1
1,105.8
Gross domestic product
Private Industries
Manufacturing
Durable goods
Nondurable goods
,
,
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
Statistical discrepancy
l
Government
,
,
1. Equals gross domestic product measured as the sum of expenditures less gross domestic income.
-2.9
14.9
15.3
-4.2
11.3
7.6
5.1
10.3
8.5
5.9
4.5
4.3
1.5
1.5
-2.3
13.9
8.1
5.6
4.4
22.8
5.7
1.1
1.4
1.2
.4
-.8
-1
28
December 2000
SURVEY OF CURRENT BUSINESS
to communications, which was revised down $22.3
billion for 1997 and $24.6 billion for 1998; these
revisions were largely attributable to downward revisions to corporate profits that resulted from the
incorporation of revised Internal Revenue Service
tabulations of corporate tax returns for 1997, preliminary tabulations for 1998, and new and revised
data from other regular sources. FIRE was revised
up $8.3 billion for 1997 and $15.3 billion for 1998,
and retail trade was revised up $6.4 billion and
$14.9 billion. In addition, the statistical discrepancy was revised up $32.9 billion for 1997 and
$22.8 billion for 1998.
Manufacturing was revised up $2.4 billion for
1997 and $3.2 billion for 1998; durable-goods
manufacturing and nondurable-goods manufacturing had large offsetting revisions. For 1997, durable-goods manufacturing was revised down $7.5
billion, and nondurable-goods manufacturing was
revised up $9.9 billion; for 1998, durable-goods
manufacturing was revised down $9.2 billion, and
nondurable-goods manufacturing was revised up
$12.5 billion. For both durable goods and nondurable goods, employee compensation was revised
down substantially, but for nondurable goods, corporate profits was revised up even more.
The revisions to the growth rates of real GDP by
industry for 1997 and 1998 primarily reflect the
Acknowledgments
Mark A. Planting, Acting Chief of the GDP by Industry
Branch of the Industry Economics Division (IED), and
Robert E. Yuskavage, former Chief of the GDP by
Industry Branch, supervised the preparation of the
estimates. Sumiye Okubo, Associate Director for
Industry Accounts, and Ann M. Lawson, Chief of the
Industry Economics Division, provided overall guidance. Felicia V. Candela, Thea C. Graham, Tameka R.
Lee, Gregory R. Linder, Peter J. Lee, Sherlene K.S. Lum,
Mayumi Matsuno, Demian J. McGarry, Robert J.
McCahill, Kimberly A. Mourey, Brian C. Mover, William H. Nicolls IV, Robert A. Sylvester, and Regina Villasmil prepared the estimates.
Staff members from the National Income and Wealth
Division and the Government Division contributed to
the development of the estimates. Staff members from
the Regional Economic Analysis Division assisted in
the estimation of indirect business taxes and nontax
liability by industry. Alan C. Lorish, Jr., Chief of the
Computer Systems and Services Division, and members of his staff—particularly Stephen P. Holliday and
Douglas J. Klear—helped to reengineer the data-processing application that was used to prepare the estimates.
revisions to current-dollar GDP by industry and
the incorporation of new and revised source data
for gross output and prices. The revisions to industry growth rates were generally offsetting. For
1997, the growth rate of private industries was revised up 0.1 percentage point, as small upward revisions to industries that have large shares of
current-dollar GDP—retail trade (0.9 percentage
point), FIRE (0.8 percentage point), and manufacturing (0.1 percentage point)—were mostly offset
by large downward revisions to industries that
have small shares of current-dollar GDP—communications (10.5 percentage points), transportation (3.2 percentage points), and mining (2.1
percentage points). For 1998, the growth of private
industries was revised up 0.2 percentage point, as
downward revisions to electric, gas, and sanitary
services (4.7 percentage points), durable-goods
manufacturing (0.8 percentage point), and FIRE
(0.8 percentage point) were mostly offset by upward revisions to construction (2.4 percentage
points), mining (2.0 percentage points), and transportation (1.4 percentage points).
The revised GDP by industry estimates also incorporated new and revised source data from private industry associations and from other
government agencies. Several Government agencies have begun to provide source data that are
based on the North American Industry Classification System (NAICS) rather than on the Standard
Industrial Classification (SIC) system. Major
source data on a NAICS basis included data from
the 1997 Economic Census, the 1998 Annual Survey of Manufactures, the 1999 Services Annual
Survey (preliminary), and the 1997 and 1998 Statistics of Income. For this revision, the source data
were converted from NAICS to the SIC by the
source agency or by BEA on the basis of information provided by the source agency. Full implementation of NAICS for the GDP by industry
estimates depends on the implementation of NAICS in both the NIPAs and the benchmark input-output accounts* which, in turn, depends on
the implementation schedules of source data agencies.6
Tables 1-14 follow.^
6. See the box, "Implementation of the North American Industry Classification System" in Seskin and Sullivan, "Annual Revision of the National Income
and Product Accounts," 27.
SURVEY OF CURRENT BUSINESS
29
December 2000
Table 1.—Gross Domestic Product by Industry in Current Dollars,
1996-99
Table 2.—Gross Domestic Product by Industry in Current Dollars as a
Percentage of Gross Domestic Product, 1996-99
[Billions of dollars]
[Percent]
Line
1996
Gross domestic product ....
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
i
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Whoiesaie 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
Nonfarm housing services
Other real estate
Holding and other investment offices
,
Services
Hotels and other lodging places
,
Personal services
,
Business services
,
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
,
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Statistical discrepancyl
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
,
Addenda:
2
Private goods-producing industries
Private services-producing industries3 ...
1997
1998
7,813.2 8,318.4 8,790.2
6,792.8 7,253.6 7,684.4
130.4
130.0
127.2
80.8
92.2
88.3
41.7
46.5
38.3
118.9
105.6
113.0
5.6
5.8
5.1
10.6
11.3
11.2
91.9
86.1
77.4
10.8
9.9
11.8
316.4 338.2 378.1
1,316.0 1,379.6 1,436.0
833.4
748.4
791.2
41.4
39.9
41.2
24.1
20.7
22.7
38.2
33.2
37.2
54.1
50.8
52.6
97.6
102.2
93.1
136.3 143.2 150.8
165.9
172.8
153.2
96.5
107.2
92.2
55.5
59.2
51.4
53.6
57.7
53.7
25.2
25.7
23.8
588.4
602.6
567.6
123.1 124.8
118.7
15.4
16.8
14.8
25.4
25.7
25.3
26.5
25.8
27.0
55.1
53.8
55.9
91.1
94.0
88.2
168.4
164.8
153.6
32.9
31.4
30.2
55.1
52.1
49.7
4.3
4.2
4.2
666.3 688.4 728.0
243.4 261.8 287.8
23.0
25.4
23.4
14.9
16.2
13.4
99.4
109.3
92.1
13.1
14.1
12.2
78.6
88.2
70.8
5.8
6.1
5.7
27.1
28.5
25.7
214.7 220.8 234.1
166.7
173.9
163.9
54.1
60.2
50.7
205.9
206.0
208.3
529.6 566.8 610.9
687.1
740.5
796.8
1,436.8 1,569.9 1,689.5
241.0
273.9
292.7
49.9
48.4
39.2
108.0
120.8
135.3
154.4
123.4
146.1
52.6
48.9
51.3
969.2
871.6
920.1
714.6
654.6
679.1
254.6
217.0
241.0
4.6
7.7
36.8
1,564.2 1,691.5 1,837.1
70.5
76.0
66.3
51.0
55.4
47.5
395.5
447.1
342.3
72.8
80.9
68.5
22.3
24.5
21.8
26.3
28.8
24.6
64.9
58.3
72.2
492.6
459.1
472.2
116.4
98.0
109.0
66.7
58.0
61.2
49.7
52.6
57.1
51.6
54.0
49.2
229.7
251.5
208.9
14.0
12.0
12.0
32.8
29.7 -24.8
1,020.4 1,064.8 1,105.8
354.7
360.7
346.9
295.4
298.6
292.0
59.2
62.1
54.9
710.1
745.2
673.5
649.2
680.7
616.7
60.9
64.4
56.9
1999
9,299.2
8,140.8
125.4
74.2
51.2
111.8
5.5
11.3
82.8
12.3
416.4
1,500.8
877.8
44.1
25.9
41.0
54.9
105.5
158.2
186.6
114.5
59.6
60.0
27.6
623.1
131.4
19.9
25.3
25.5
57.0
99.0
176.3
28.6
55.8
4.2
779.6
303.4
23.4
17.1
116.6
14.4
95.0
6.6
30.2
260.2
195.1
65.1
216.0
643.3
856.4
1,792.1
305.3
45.3
152.1
165.0
56.9
1,034.0
756.8
277.2
33.5
1,986.9
83.5
58.2
510.8
86.8
25.8
29.8
78.7
514.2
125.1
71.1
61.3
57.4
272.8
11.5
-71.9
1,158.4
375.4
309.5
65.9
783.0
715.5
67.5
1,875.9 1,966.7 2,046.9 2,154.4
4,884.0 5,257.1 5,662.2 6,058.3
1. Equals gross domestic product measured as the sum of expenditures less gross domestic Income.
2. Consists of agriculture, forestry, and fishing; mining; construction; and manufacturing.
3. Consists of transportation and public utilities; wholesale trade; retail trade; finance, insurance, and real estate;
and services.
Line
Gross domestic product
Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
,
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, Insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Statistical discrepancy*
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
Addenda:
Private goods-producing industries2
Private services-producing industries3
..
1996
1997 1998
100.0
86.9
1.7
1.2
.5
1.4
.1
.1
1.1
.1
4.0
16.8
9.6
.5
.3
.4
.7
1.2
1.7
2.0
1.2
.7
.7
.3
7.3
1.5
.2
.3
.3
.7
1.1
2.0
.4
.6
.1
8.5
3.1
.3
.2
1.2
.2
.9
.1
.3
2.7
2.1
.6
2.7
6.8
8.8
18.4
3.1
.5
1.4
1.6
.6
11.2
8.4
2.8
.1
20.0
100.0
87.4
1.4
.9
.5
1.2
.1
.1
.9
.1
4.3
16.3
9.5
.5
.3
.4
.6
1.2
1.7
2.0
1.2
.7
.7
.3
6.9
1.4
.2
.3
.3
.6
1.1
1.9
.4
.6
0
8.3
3.3
.3
.2
1.2
.2
1.0
.1
.3
2.7
2.0
.7
2.3
6.9
9.1
19.2
3.3
.6
1.5
1.8
.6
11.0
8.1
2.9
.4
20.9
.9
.6
5.1
.9
.3
.3
.8
5.6
1.3
2.7
.2
.4
13.1
4.4
3.7
.7
8.6
7.9
.7
100.0
87.2
1.6
1.1
.5
1.4
.1
.1
1.1
.1
4.1
16.6
9.5
.5
.3
.4
.6
1.2
1.7
2.0
1.2
.7
.6
.3
7.1
1.5
.2
.3
.3
.6
1.1
2.0
.4
.6
.1
8.3
3.1
.3
.2
1.2
.2
.9
.1
.3
2.7
2.0
.6
2.5
6.8
8.9
18.9
3.3
.6
1.5
1.8
.6
11.1
8.2
2.9
.1
20.3
.8
.6
4.8
.9
.3
.3
.8
5.7
1.3
.7
.6
.6
2.8
.1
.4
12.8
4.3
3.6
.7
8.5
7.8
.7
2.9
.2
-.3
12.6
4.1
3.4
.7
8.5
7.7
.7
100.0
87.5
1.3
.8
.6
1.2
.1
.1
.9
.1
4.5
16.1
9.4
.5
.3
.4
.6
1,1
1.7
2.0
1.2
.6
.6
.3
6.7
1.4
.2
.3
.3
.6
1.1
1.9
.3
.6
0
8.4
3.3
.3
.2
1.3
.2
1.0
.1
.3
2.8
2.1
.7
2.3
6.9
9.2
19.3
3.3
.5
1.6
1.8
.6
11.1
8.1
3.0
.4
21.4
.9
.6
5.5
.9
.3
.3
.8
5.5
1.3
.8
.7
.6
2.9
.1
-.8
12.5
4.0
3.3
.7
8.4
7.7
.7
24.0
62.5
23.6
63.2
23.3
64.4
23.2
65.1
4.4
.9
.3
.3
.7
5.9
1.3
.7
1999
1. Equals gross domestic product measured as the sum of expenditures less gross domestic income.
2. Consists of agriculture, forestry, and fishing; mining; construction; and manufacturing.
3. Consists of transportation ana public utilities; wholesale trade; retail trade; finance, insurance, and real estate;
and services.
30
SURVEY OF CURRENT BUSINESS
December 2000
Table 3.—Components of Gross Domestic Product by Industry Group in
Current Dollars, 1996-99
Table 4.—Components of Gross Domestic Product by Industry Group in
Current Dollars As a Percentage of Gross Domestic Product, 1996-99
[Billions of dollars]
[Percent]
Line
1996
1997
1998
1999
7,813.2
8,318.4
4,400.1
4,656.2
8,790.2
4,989.4
9,299.2
5,305.2
620.0
2,760.2
32.8
646.2
2,986.3
29.7
679.6
3,146.0
-24.8
6,792.8
3,550.5
620.0
2,589.4
32.8
7,253.6
3,773.5
646.2
2,804.1
29.7
Agriculture, forestry and fishing
Compensation of employees
Indirect business tax and nontax liability
Property-type income
130.4
39.8
6.7
83.9
Mining
Compensation of employees
Indirect business tax and nontax liability
Property-type income
Construction
Compensation of employees
Indirect business tax and nontax liability
Property-type income
Gross domestic product
Compensation of employees
,
Indirect business tax and nontax
liability
Property-type income
,
Statistical discrepancyl
,
1997
Line
1998
1999
100.0
56.3
100.0
56.0
100.0
56.8
100.0
57.0
718.1
3,347.9
-71.9
Gross domestic product
Compensation of employees
,
Indirect business tax and nontax
liability
Property-type income
Statistical discrepancyl
,
7.9
35.3
.4
7.8
35.9
.4
7.7
35.8
-.3
7.7
36.0
-.8
7,684.4
4,075.0
679.6
2,954.5
-24.8
8,140.8
4,352.0
718.1
3,142.7
-71.9
Private Industries
Compensation of employees
Indirect business tax and nontax liability .
Property-type income
Statistical discrepancy]
100.0
52.3
9.1
38.1
.5
100.0
52.0
8.9
38.7
.4
100.0
53.0
8.8
38.4
-.3
100.0
53.5
8.8
130.0
42.9
7.0
80.2
127.2
46.5
7.0
73.7
125.4
49.9
7.5
68.0
Agriculture, forestry and fishing
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
30.5
5.1
64.4
100.0
33.0
5.4
61.7
100.0
36.5
5.5
57.9
100.0
39.8
6.0
54.2
113.0
33.4
12.2
67.5
118.9
35.2
12.1
71.6
105.6
36.0
11.7
57.9
111.8
34.5
11.4
65.9
Mining
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
29.5
10.8
59.7
100.0
29.6
10.2
60.2
100.0
34.1
11.1
54.8
100.0
30.8
10.2
58.9
316.4
208.2
7.3
100.9
338.2
220.9
7.9
109.4
378.1
243.0
8.6
126.5
416.4
Construction
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
65.8
2.3
31.9
100.0
65.3
2.3
32.4
100.0
64.3
2.3
33.5
100.0
64.6
2.2
33.2
1,316.0
822.4
49.4
444.2
1,379.6
852.4
50.3
477.0
1,436.0
895.1
54.1
486.7
1,500.8
925.2
56.1
519.6
Manufacturing
Compensation of employees
Indirect business tax and nontax
Property-type income
100.0
62.5
3.8
33.8
100.0
61.8
3.6
34.6
100.0
62.3
3.8
33.9
100.0
61.6
3.7
34.6
Durable goods
Compensation of employees
Indirect business tax and nontax
liability
,
Property-type income
748.4
508.0
791.2
529.9
833.4
560.9
877.8
584.8
100.0
67.9
100.0
67.0
100.0
67.3
100.0
66.6
18.7
221.7
19.3
241.9
20.3
252.2
21.5
271.4
Durable goods
Compensation of employees
Indirect business tax and nontax
liability
Property-type income
2.5
29.6
2.4
30.6
2.4
30.3
2.5
30.9
Nondurable goods
Compensation of employees
Indirect business tax and nontax
liability
Property-type income
567.6
314.4
588.4
322.4
602.6
334.3
623.1
340.4
100.0
55.4
100.0
54.8
100.0
55.5
100.0
54.6
30.7
222.5
30.9
235.0
33.8
234.5
34.5
248.1
Nondurable goods
Compensation of employees
Indirect business tax and nontax
liability
5.4
39.2
5.3
39.9
5.6
38.9
5.5
39.8
Transportation and public utilities ...
Compensation of employees
Indirect business tax and nontax
Property-type income
666.3
285.0
65.5
315.8
688.4
779.6
346.9
77.8
355.0
Transportation and public utilities ....
Compensation of employees
Indirect business tax and nontax
Property-type income
100.0
42.8
9.8
47.4
100.0
43.5
68.5
320.5
728.0
319.6
73.9
334.5
9.9
46.6
100.0
43.9
10.1
45.9
100.0
44.5
10.0
45.5
Wholesale trade
Compensation of employees
Indirect business tax and nontax liability
Property-type income
529.6
288.8
118.9
121.9
566.8
307.5
122.0
137.4
610.9
332.2
126.6
152.0
643.3
355.0
132.6
155.6
Wholesale trade
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
54.5
22.4
23.0
100.0
54.2
21.5
24.2
100.0
54.4
20.7
24.9
100.0
55.2
20.6
24.2
Retail trade
Compensation of employees
Indirect business tax and nontax liability
Property-type income
687.1
398.3
127.2
161.6
740.5
426.0
133.9
180.6
796.8
454.9
142.0
200.0
856.4
485.3
154.2
216.9
Retail trade
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
58.0
18.5
23.5
100.0
57.5
18.1
24.4
100.0
57.1
17.8
25.1
100.0
56.7
18.0
25.3
Finance, insurance, and real estate
Compensation of employees
Indirect business tax and nontax liability
Property-type income
1,436.8
351.8
185.3
899.7
1,569.9
377.6
194.1
998.2
1,689.5
421.8
201.5
1,066.2
1,792.1
452.9
211.1
1,128.1
Finance, insurance, and real estate
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
24.5
12.9
62.6
100.0
24.0
12.4
63.6
100.0
25.0
11.9
63.1
100.0
25.3
11.8
62.9
Services
Compensation of employees
Indirect business tax and nontax liability
Property-type income
1,564.2
1,122.9
47.5
393.9
1,691.5
1,211.7
50.6
429.2
1,837.1
1,325.9
54.2
457.0
1,986.9
1,433.5
Services
Compensation of employees
Indirect business tax and nontax liability
Property-type income
100.0
71.8
3.0
25.2
100.0
71.6
3.0
25.4
100.0
72.2
3.0
24.9
100.0
72.1
2.9
24.9
1,020.4
849.6
0
170.8
1,064.8
882.6
0
182.2
1,105.8
914.3
0
191.5
1,158.4
953.2
0
205.2
100.0
83.3
0
16.7
100.0
82.9
0
17.1
100.0
82.7
0
17.3
100.0
82.3
0
17.7
Private Industries
Compensation of employees
Indirect business tax and nontax liability .
Property-type income
Statistical discrepancyl
Manufacturing
Compensation of employees
Indirect business tax and nontax
Property-type income
Government
Compensation of employees
Indirect business tax and nontax liability .
Property-type income
299.4
1. Equals gross domestic product measured as the sum of expenditures less gross domestic Income.
268.8
9.2
138.3
58.1
495.3
Property-type income
Government
Compensation of employees
Indirect business tax and nontax liability .
Property-type income
1. Equals gross domestic product measured as the sum of expenditures less gross domestic Income.
38.6
-.9
SURVEY OF CURRENT BUSINESS
December
31
2000
Table 6.—Real Gross Domestic Product by Industry, 1996-99
Table 5.—Chain-Type Quantity Indexes for Gross Domestic Product by
Industry, 1996-99
[Billions of chained (1996) dollars]
[1996=100]
Line
Line
Gross domestic product
Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
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
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
,
,
Manufacturing
Durable goods
,
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
,
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
,
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
,
,
,
1996
1997
1998
1999
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
104.43
105.28
110.13
112.37
105.33
103.48
107.18
100.02
103.49
105.05
102.58
105.41
108.62
108.99
110.41
110.38
108.74
112.90
113.60
115.72
115.65
115.26
116.16
107.82
147.82
117.09
103.44
115.25
114.13
116.21
129.67
102.16
113.99
111.16
119.44
102.96
158.90
180.72
119.67
109.37
90.77
109.28
99.87
98.67
47.33
90.54
87.42
100.27
95.49
109.76
115.63
109.62
95.00
112.90
111.93
97.10
128.19
103.94
102.30
123.54
125.46
116.79
123.26
131.23
102.27
103.87
133.94
123.32
117.77
105.81
133.77
192.37
115.58
103.36
111.69
106.11
129.31
464.89
113.32
101.53
111.75
135.39
114.29
93.93
110.31
121.20
100.95
114.25
105.53
106.66
103.34
115.80
87.94
104.90
101.64
98.12
121.06
106.56
106.29
109.46
99.03
106.91
110.48
103.56
103.25
116.19
118.93
105.24
106.55
92.59
104.56
101.25
99.50
93.78
98.49
98.16
104.27
97.90
106.89
84.78
107.12
101.13
100.36
102.27
97.27
109.68
98.29
108.45
106.16
108.49
102.65
101.42
102.43
98.32
97.01
110.30
108.48
105.85
102.11
136.62
118.82
109.86
100.07
103.68
101.00
111.94
125.90
104.35
97.69
103.49
112.19
101.92
96.66
104.52
107.90
100.08
106.44
101.13
101.66
99.57
105.88
97.71
101.48
100.10
98.60
108.22
102.19
102.05
103.65
111.61
125.36
111.74
110.24
115.69
109.29
109.91
119.23
99.03
109.58
108.39
107.56
103.80
137.20
146.97
116.03
111.70
91.47
103.67
98.29
96.92
77.30
93.29
92.81
99.01
95.24
104.03
87.99
108.26
95.84
103.02
105.62
101.98
116.54
98.45
111.03
111.59
113.09
109.69
108.05
110.38
101.23
94.77
125.63
117.24
111.77
103.54
135.30
142.30
113.38
99.14
107.10
103.01
119.85
542.31
108.96
98.87
109.82
121.92
109.19
98.89
112.63
115.68
100.63
109.19
105.36
104.64
99.61
111.94
110.36
102.88
100.45
98.07
113.38
104.12
104.15
103.88
1
Gross domestic product
2 Private Industries
3
Agriculture, forestry, and fishing
4
Farms
5
Agricultural services, forestry, and fishing
6
Mining
g
7
Metal minin
Metal
mining
8
Coal mining
9
Oil and gas extraction
10
Nonmetallic minerals, except fuels
11
Construction
12
Manufacturing
13
Durable goods
14
Lumber and wood products
15
Furniture and fixtures
16
Stone, clay, and glass products
17
Primary metal industries
18
Fabricated metal products
19
Industrial machinery and equipment
20
Electronic and other electric equipment
21
Motor vehicles and equipment
22
Other transportation equipment
23
Instruments and related products
24
Miscellaneous manufacturing industries
25
Nondurable goods
26
Food and kindred products
27
Tobacco products
28
Textile mill products
29
Apparel and other textile products
30
Paper and allied products
31
Printing and publishing
Chemicals and allied products
32
Petroleum and coal products
33
Rubber and miscellaneous plastics products
34
Leather and leather products
35
Transportation and public utilities
36
Transportation
37
Railroad transportation
38
Local and interurban passenger transit
39
Trucking and warehousing
40
Water transportation
41
Transportation by air
42
Pipelines, except natural gas
43
Transportation services
44
Communications
45
Telephone and telegraph
46
Radio and television
47
Electric,
gas, and sanitary services
48
Wholesale trade
49
Retail trade
50
51
Finance, Insurance, and real estate
52
Depository institutions
53
Nondepository institutions
54
Security and commodity brokers
55
Insurance carriers
56
Insurance agents, brokers, and service
Real estate
57
Nonfarm housing services
58
Other real estate
59
Holding and other investment offices
60
Services
61
Hotels and other lodging places
62
Personal services
63
Business services
64
Auto repair, services, and parking
65
Miscellaneous repair services
66
Motion pictures
67
Amusement
and recreation services
68
Health services
69
Legal services
70
Educational services
71
Social
services
72
Membership organizations
73
Other services
74
Private households
75
Statistical discrepancyl
76
77 Government
78
Federal
79
General government
80
Government enterprises
81
State and local
82
General government
83
Government enterprises
84 Not allocated by industry2
1996
1997
1998
1999
7,813.2 8,159.5 8,515.7 8,875.8
6,792.8 7,151.2 7,499.9 7,860.7
150.9
143.7
130.4
144.0
103.6
92.2
100.2 106.3
40.3
44.4
43.2
38.3
117.0 1262 121.9
113.0
6.3
8.6
7.3
5.8
11.2
13.1
12.5
11.2
89.1
89.1
86.1
94.9
10.4
11.4
11.5
9.9
324.6
361.1
345.8
316.4
1,387.2
1,529.4
1,446.4
1,316.0
813.0
970.5
892.4
748.4
39.5
40.8
39.5
39.9
22.1
23.6
22.7
20.7
36.6
36.9
35.9
33.2
52.7
60.7
54.7
50.8
96.2
95.9
96.7
93.1
136.3 158.4 187.0 216.6
182.2
276.8
225.1
153.2
97.1
110.4
107.0
92.2
54.8
56.3
57.5
51.4
49.8
48.8
49.2
53.7
24.8
26.0
24.6
23.8
574.7
566.9
557.9
567.6
118.1
117.1
115.0
118.7
13.9
7.0
11.5
14.8
25.0
22.9
23.6
25.3
26.5
23.6
25.0
27.0
58.3
56.0
55.3
55.9
86.4
84.3
84.0
88.2
153.6 164.2 159.8 168.6
25.6
34.9
26.6
30.2
53.2
54.4
53.8
49.7
4.2
4.0
4.0
4.2
668.7 686.4 752.3
666.3
257.1 272.4
248.9
243.4
23.9
22.8
22.8
23.4
14.7
15.6
17.2
13.4
90.7
95.7
90.5
92.1
13.5
12.5
13.2
12.2
79.0
87.5
75.2
70.8
6.5
7.2
6.2
5.7
28.2
30.1
25.7
26.4
214.7
232.0
264.6
217.7
163.9
180.9
215.1
167.9
50.7
51.4
51.9
49.9
208.3
197.4
216.3
202.0
529.6 584.1 665.3 709.3
687.1
745.3
805.5
847.3
1,436.8 1,520.8 1,605.9 1,692.1
246.1
249.5
241.0
255.0
53.6
53.1
39.2
52.5
128.4
153.7
108.0
207.8
135.5
139.9
123.4
142.6
48.9
48.5
48.9
50.5
903.7
933.5
871.6
973.5
661.1
674.2
654.6
694.6
243.0
260.1
217.0
280.7
5.8
25.1
4.6
21.5
1,564.2 1,632.2 1,704.4 1,772.6
64.7
65.5
66.3
67.3
49.2
52.2
47.5
53.1
342.3 384.1 417.4 463.5
69.8
74.8
68.5
78.3
21.6
21.1
21.8
20.5
27.8
25.8
24.6
27.2
67.4
62.9
58.3
70.7
459.5
462.0
459.1
463.5
104.3
107.0 111.9
98.0
58.7
61.2
58.0
61.2
50.5
52.0
49.7
53.0
49.0
49.0
49.2
50.8
221.2
233.9
208.9
241.9
11.7
13.3
12.0
10.6
32.8
29.2
-24.1
-69.0
1,020.4 1,035.5 1,049.8 1,070.4
346.9
347.2
348.4
352.6
292.0
287.9
286.5
286.4
54.9
66.4
59.4
62.2
673.5
688.3
717.7
701.3
616.7
629.3
655.4
642.2
56.9
58.9
62.2
59.1
0
-33.3
-51.1 -116.8
1. Equals the current-dollar statistical discrepancy deflated by the Implicit price deflator for gross domestic business product
2. Equals gross domestic product (GDP) less the statistical discrepancy and the sum of GDP by Industry of
the detailed industries. The value of not allocated by Industry reflects the nonaddltivlty of chalned-dollar estimates
and the differences in source data used to estimate real GDP by industry and the expenditures measure of real
32
SURVEY OF CURRENT BUSINESS
December 2000
Table 7.—Chain-Type Price Indexes for Gross Domestic Product by
Industry, 1996-99
Table 8.—Gross Output by Industry, 1996-99
[Billions of dollars]
[1996=100]
Line
Line
Gross domestic product
Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
,
Textile mill products
Apparel and other textile products
Paper and allied products
,
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
1996
1997
1998
1999
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.95
101.43
90.50
85.20
103.61
101.67
89.62
94.89
103.10
104.04
104.18
99.45
97.33
104.16
102.63
101.56
99.84
101.49
90.43
91.05
99.46
101.33
107.65
101.50
102.38
104.29
111.06
103.17
100.33
92.38
105.50
100.31
122.73
97.88
101.95
102.94
105.16
100.87
101.27
109.80
98.98
104.51
92.93
102.44
101.39
99.29
108.33
101.92
97.04
99.35
103.23
111.31
93.12
94.11
107.82
104.90
101.81
102.72
99.18
132.67
103.63
108.88
103.75
102.98
104.28
105.50
102.16
103.17
102.77
104.53
104.23
104.06
105.38
103.85
102.57
102.83
102.14
102.61
99.72
103.18
103.16
103.38
103.22
104.77
102.46
103.56
88.37
80.56
107.61
83.73
69.16
90.57
81.57
103.09
109.33
99.28
93.39
104.67
106.34
106.18
98.92
105.69
80.66
76.74
100.16
103.07
117.35
104.47
108.01
108.50
146.65
107.29
103.21
99.49
111.91
105.37
123.85
102.55
105.64
106.05
111.96
106.15
103.85
120.53
104.12
111.68
94.02
100.97
100.94
96.11
117.26
104.39
91.82
98.92
105.21
117.31
91.20
88.03
110.35
108.63
103.82
105.98
97.87
146.60
107.78
116.03
106.21
107.11
108.14
113.32
103.87
107.07
106.63
108.78
109.07
109.81
110.36
107.52
105.49
105.34
103.51
104.26
99.80
106.26
106.00
109.05
83.15
69.84
115.29
91.73
63.09
86.03
93.00
107.34
115.29
98.13
90.44
108.25
109.51
111.30
90.40
110.02
73.03
67.39
103.72
105.88
122.97
106.09
109.91
112.24
283.99
110.49
108.36
101.67
117.44
104.55
81.92
102.43
106.23
103.64
111.37
102.91
99.52
121.85
115.51
108.60
92.48
100.54
98.34
90.69
125.48
99.87
90.69
101.07
105.91
119.74
86.36
73.17
115.70
112.70
106.21
108.95
98.76
155.58
112.09
124.19
109.61
110.20
110.87
125.59
109.73
111.34
110.95
111.77
116.09
115.68
112.96
112.78
108.58
108.22
106.47
108.03
99.15
109.10
109.16
108.45
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
Ail Industries
Private industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and
fishing
1996
1997
1998
1999
13,570.4
12,470.5
14,465.7
13,322.5
15,206.2
14,021.8
16,1172
14,879.7
278.4
222.6
285.8
226.3
279.1
214.6
279.3
208.4
55.8
59.5
64.5
70.9
186.6
12.6
198.0
12.6
173.0
271
272
129.8
17.0
139.9
18.2
166.6
11.0
27 2
109.9
18.5
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
554.5
3,661.1
1,973.7
105.6
54.5
80.6
178.7
210.0
371.2
603.0
3,879.8
2,109.3
110.4
60.0
85.3
188.0
224.6
388.3
654.4
3,971.1
2,207.8
114.4
66.7
91.1
185.5
237.6
403.7
703.9
4,150.7
2,316.8
123.5
68.1
98.6
182.1
242.3
413.0
313.8
326.1
136.2
147.9
341.3
354.9
153.4
152.0
342.2
372.4
184.0
157.7
377.5
412.7
176.3
163.3
49.1
1,687.4
450.7
39 6
79.6
75.0
159.3
197.3
358.6
170.6
51.1
1,770.6
470.8
41.3
81.7
78.7
156.6
209.6
391.1
173.8
52.6
1 763 3
479.0
44 9
80.6
76.7
162.9
216.0
397.3
134.8
59.4
1,833.9
489.6
53.3
78.0
76.8
161.4
222.7
417.9
157.5
147.8
157.6
162.2
168.6
9.0
9.5
8.7
8.1
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger
transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers . . . . .
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
1,162.9
477.9
40.7
1,232.4
508.8
41.4
1,300.5
540 3
42.1
1,375.1
571.9
42.2
24.2
213.8
36.4
117.3
25.2
227.6
37.9
127.7
25.6
245.8
39.4
134.9
26.4
263.7
42.1
141.5
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
9.9
26 5
117.3
19.4
7.8
7.7
7.4
7.9
37.7
348.7
270.0
78.8
336.2
789.8
41.4
379.6
294.2
85.4
343.9
828.0
48.1
464.6
360.7
103.8
338.7
901.3
1,070.9
2,247.1
342.7
108.4
169.3
261.5
74.0
1,268.2
747.8
520 4
23.1
2,519.3
106.5
84.6
510.6
124.3
46.4
56.8
110.7
688.0
134.1
103.8
98 7
96.2
346.6
12.0
1,099.9
363.4
292.0
71.4
736.5
616.7
119.9
1,118.3
2,470.3
383.5
131.5
206.5
299.3
79.5
1 342.0
784.0
5580
28.0
2,706.9
114.0
88.0
583.7
129.9
47.1
60.4
120.7
722.0
143.2
109.4
102.6
94.5
379.5
12.0
1,143.1
368.5
295.4
73.1
774.6
649.2
125.4
45.0
424.0
328.9
95.1
336.2
845.3
1,184.9
2,663.9
413.9
141.0
251.6
288.7
87.6
1 421.9
828.9
593 0
59.2
2,9562
• 121.8
94.2
679.5
139.8
51.5
63.6
126.9
759.6
152.8
115.1
113.0
100.5
424.0
14.0
1,184.4
373.8
298.6
75.2
810.6
680.7
129.8
1,286.3
2,817.7
439.9
150.2
279.9
286.7
96.7
1,506.3
874.2
632.1
57.9
3,192.4
128.7
99.6
772.6
150.6
55.0
70.1
136.9
788.5
161.2!
122.4
123 5
102.4
469.CI
11.5
1,237.4
387.6
309.5
78.1
849.9
715.5
134.4
December 2000 •
SURVEY OF CURRENT BUSINESS
33
Table 10.—Chain-Type Quantity Indexes for Gross Output by Industry,
Table 9—Intermediate Inputs by Industry, 1996-99
1996-99
[Billions of dollars]
[1996=100]
Line
All Industries
Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing ,
Mining
Metal mining
Coal mining
Oil and gas extraction
,
NonmetalJic minerals, except fuels
,
Construction
,.,
Manufacturing
Durable goods
....,
Lumber and wood products
Furniture and fixtures
,
Stone, clay, and glass products
,
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
,
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
',
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit.
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service ....
Real estate
Nonfarm housing services
.....
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
....
Educational services
Social services
Membership organizations
Other services
Private households
Government
Federal
General government
Government enterprises
State and (ocal
General government
Government enterprises
,
1996
1997
1998
1999
5,790.1
5,710.5
6,177.0
6,746.1
147.9
155.8
138.1
6,391.2
6,312.7
151.9
130.4
17.5
73.6
6.8
16.0
43.7
7.1
238.0
2,345.0
1,225.2
65.6
33.8
47.4
127.9
116.8
234.9
160.6
233.9
84.8
94.2
25.3
1,119.8
332.0
24.8
54.2
48.1
103.4
109.0
204.9
140.4
98.2
4.8
496.5
234.5
17.3
10.8
121.7
24.2
46.5
2.1
12.0
134.1
106.1
28.0
128.0
260.2
383.8
810.4
101.7
69.2
61.2
138.1
25.1
93.3
303.3
18.4
955.0
40.2
37.1
168.2
55.9
24.6
32.1
52.4
228.9
36.2
45.8
49.0
47.0
137.6
0
79,5
16.5
0
16.5
63.0
0
63.0
6,098.7
17.7
79.1
7.0
16.6
48.1
7.4
264.8
2,500.2
1,3,18.1
69.2
37.3
48.1
135.5
127.0
245.2
175.4
258.3
97.8
98.4
25.9
1,182.2
347.6
25.9
56.0
52.2
102.7
118.5
226.3
142.4
105.5
5.1
544.0
247.1
18.4
10.3
128.3
24.8
49.1
1.9
14.3
158.8
127.4
31.4
138.1
261.1
377.8
900.4
109.5
81.6
85.7
153.1
28.2
422.0
104.9
317.0
20.2
1,015.5
43.5
37.0
188.1
57.1
24.8
34.0
55.8
249.8
34.2
48.3
50.1
42.9
149.8
A
78.3
13.8
0
13.8
64.5
0
64.5
133.9
18.0
61.0
5.9
15.9
32.5
6.7
276.3
2,535.1
1,374.4
73.0
42.5
52.9
131.4
135.4
252.9
169.4
265.2
124.8
100.0
26.9
1,160.7
354.3
28.1
55.3
50.8
107.8
121.9
228.9
101.9
107.1
4.5
572.5
252.5
16.8
9.4
136.5
25.4
46.6
1.4
16.5
189.8
155.0
34.8
130.2
234.4
388.0
974.4
121.1
92.6
1.16.3
134.3
35.0
452.7
114.3
338.4
22.4
1,119.1
45.8
38.8
232.5
58.9
27.0
34.8
54.7
267.1
36.5
,48.4
55.9
46.4
172.5
0
6,667.0
153.8
134.2
19.7
61.2
4.4
15.2
34.4
7.2
287.5
2,649.9
All 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
,
,
,
112.8
3.9
595.5
268.4
18.8
9.3
147.1
27.7
46.5
1.3
17.8
204.4
165.7
38.7
122.7
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
,
Primary metal industries
,
Fabricated metal products
,
Industrial machinery and equipment
,
Electronic and other electric equipment
,
Motor vehicles and equipment
,
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries .........
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
,
Apparel and other textile products
Paper and allied products
Printing and publishing
,
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products ,
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
,
Trucking and warehousing
,
Water transportation
Transportation by air
Pipelines, except natural gas
,
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
258.0
Retail trade
429.9
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
1,439.1
79.4
42.2
57.5
127.2
136.8
254.9
191.0
298.3
116.8
103.3
31.8
1,210.8
358.2
33.4
52.6
51.2
104.4
123.7
241.6
128.9
1,025.6
134.6
104.9
127.9
121.8
39.8
472.3
117.4
354.9
24.3
1,205.5
45.2
41.4
261.9
63.8
29.2
40.2
58.3
274.3
36.1
51.3
62.2
45.0
196.5
0
78.6
13.1
0
79.1
12.2
0
13.1
12.2
66.9
0
66.9
65.4
0
65.4
Line
Government
rcUviwI
»•••••••••••••••••••••»•••••••••••••••••••••••••••••••••*••••••••••••
General government
Government enterprises
State and local
General government
Government enterprises
1996
1997
1998
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
105.28
105.65
106.17
106.70
104.13
104.16
105.87
102.23
104.41
104.01
105.43
106.92
108.76
100.97
108.43
104.44
104.48
105.75
111.01
116.51
109.68
111.44
102.21
103.08
104.79
104.08
110.85
111.59
107.96
107.09
110.94
102.64
105.75
105.18
100.97
108.19
111.07
112.74
117.96
106.22
119.32
109.59
107.37
110.81
124.12
131.14
116.37
133.08
105.91
105.29
106.74
108.35
99.81
102.35
104.04
102.04
104.24
108.10
103.76
106.85
103.13
103.73
103.39
101.07
103.84
101.77
103.34
105.88
103.18
107.20
107.75
109.45
102.13
100.05
106.86
104.14
106.16
102.87
121.42
125.92
108.58
103.43
102.80
101.91
104.08
110.82
104.60
100.60
100.88
112.49
101.63
98.78
103.85
106.10
102.58
102.62
102.11
101.21
95.00
106.09
97.71
101.15
99.32
98.60
102.30
102.05
102.05
102.04
1999
11620
11727
111.16
109.59
116.42
98.72
98.85
103.76
95.97
109.43
115.10
118.34
126.75
111.86
120.42
115.54
109.90
112.49
135.04
157.52
128.60
126.19
109.96
118.03
108.78
111.38
97.45
91.03
101.31 100.54
100.42 100.23
104.15 103.21
104.40 105.56
110.73 115.32
103.99 105.28
110.47 114.71
96.44
89.76
109.61 115.94
107.99 112.39
101.61 102.23
107.22 111.23
107.06 111.62
106.15 106.87
110.15 115.71
99.50 106.57
117.22 124.35
121.04 134.78
125.31 142.54
107.43 111.09
100.13 101.70
113.82 122.32
110.42 117.64
111.89 116.93
106.26 110.50
128.00 137.02
158.65 193.39
102.19
97.74
110.93
119.20
106.24
110.09
104.47
107.08
108.80
114.44
220.07
203.78
111.48
117.35
102.87
103.54
106.01
109.21
128.83
144.66
107.49
113.56
105.34
107.24
107.64
113.59
108.77
113.79
105.23
106.43
105.78
108.89
104.13
106.84
108.14
114.86
98.28
99.35
115.44 123.43
110.36
87.94
102.58
104.31
99.50 100.30
98.07
105.48
104.09
104.15
103.80
98.12
109.54
10627
106.29
106.16
34
SURVEY OF CURRENT BUSINESS
December 2000
Table 11.—Chain-Type Price Indexes for Gross Output by Industry,
1996-99
Table 12.—Chain-Type Quantity Indexes for Intermediate Inputs by
Industry, 1996-99
[1996=100]
[1996=100]
Line
All 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
70
71
72
73
74
75
76
77
78
79
80
81
82
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products ..
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices ....
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
1996
1997
1998
1999
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.25
101.12
96.71
95.29
102.42
101.87
94.80
98.17
103.22
102.73
103.16
99.11
98.26
103.56
101.48
101.41
100.71
101.16
94.25
93.33
99.23
101.03
100.50
100.96
100.14
100.37
104.42
100.35
100.83
96.34
101.95
100.89
98.17
99.76
101.96
102.17
102.98
100.65
100.30
104.63
100.79
102.81
94.81
102.32
101.01
99.55
106.22
102.25
98.10
100.28
103.55
108.78
99.88
96.89
105.41
103.93
102.94
102.88
103.03
109.34
102.72
106.41
103.15
101.62
102.76
102.71
102.41
102.71
102.30
104.06
103.21
102.77
103.43
103.21
102.57
102.75
102.10
102.61
100.02
103.06
103.16
102.55
101.09
102.21
100.76
101.75
92.87
90.04
104.17
86.99
82.43
95.34
83.82
100.60
106.26
96.21
94.83
102.00
102.52
103.12
96.67
102.12
87.63
•83.14
98.14
101.49
100.66
101.73
97.90
98.10
116.35
100.06
101.72
98.20
104.87
100.07
76.00
99.36
100.89
102.03
104.68
101.84
98.66
107.40
102.14
104.39
95.25
101.78
100.44
97.22
112.37
99.87
94.03
100.20
105.94
113.66
101.61
90.25
85.43
109.16
93.93
79.14
94.02
94.12
104.21
110.30
95.80
92.61
104.61
103.66
105.86
92.71
102.57
82.40
76.37
98.42
102.58
100.40
102.48
99.91
97.54
147.73
97.51
102.06
98.20
106.95
101.06
87.70
99.42
100.57
102.00
106.47
101.44
97.98
110.51
108.29
104.28
94.40
102.53
98.84
93.74
118.68
99.06
93.29
102.11
107.24
116.18
101.11
85.52
112.19
109.63
107.89
109.17
93.70
108.02
106.75
105.53
106.10
104.75 106.14
116.54 123.03
105.26 107.99
111.19 116.75
105.04 107.78
103.31 104.61
104.57 106.67
105.28 110.54
104.07 108.68
105.33 108.67
104.93 107.69
107.70 110.35
106.42 110.37
105.88 109.00
106.31 107.14
105.99 109.73
108.58
105.49
104.97 107.86
103.38 106.33
104.26 108.03
99.88
99.80
105.73 108.59
106.00 109.16
104.36 105.62
Line
All Industries .
Private Industries
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing .
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products ..
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
,
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service ,
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices ....,
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
Government
Federal
General government
Government enterprises
State and local
General government
Government enterprises
1996
1997
1998
1999
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
105.86
111.74
111.92
105.93
105.86
106.49
89.72
92.18
100.99
83.74
97.31
113.40
114.35
117.19
110.66
125.47
110.55
107.28
116.51
116.94
117.11
116.47
146.17
114.75
106.88
111.22
112.63
111.70
105.24
104.69
106.85
112.16
115.88
107.20
111.60
116.92
117.20
107.50
106.15
117.59
85.61
68.03
95.38
82.06
101.07
116.25
119.54
125.00
117.91
124.39
118.87
106.12
120.38
122.41
137.35
132.26
136.44
122.23
126.71
113.53
116.17
131.25
105.52
107.57
104.68
114.16
119.56
102.49
117.36
84.65
119.93
112.72
109.41
89.03
117.88
109.49
102.07
58.67
140.58
153.34
160.16
128.23
97.51
99.67
107.69
115.48
122.68
137.56
200.57
81.09
151.12
106.67
113.85
104.48
117.60
124.28
106.65
105.97
164.96
112.66
120.66
116.16
105.40
117.65
94.09
108.68
123.82
95.01
135.45
100.00
100.00
96.88
98.72
79.44
96.53
82.78
100.00
100.00
82.78
100.57
79.44
103.76
71.70
103.03
100.00
100.57
103.76
103.03
105.99
102.91
103.10
101.46
105.20
104.80
103.74
106.22
102.54
109.25
107.77
108.84
102.16
109.37
100.21
104.85
107.74
108.07
114.25
111.42
114.41
107.90
101.68
106.60
105.75
103.57
104.18
107.32
100.87
109.52
109.00
108.26
106.71
104.86
108.27
104.58
106.24
96.50
104.51
100.80
105.45
96.89
118.66
110.56
100.83
95.23
114.19
103.73
107.70
64.92
116.99 133.37
117.92 141.95
120.24 148.13
109.21 119.20
104.98 108.94
100.00
90.87
96.50
98.47
106.72 112.12
104.75 113.24
113.30 123.74
137.99 185.50
107.41
91.80
110.04 134.52
100.90 104.40
108.29 114.64
98.66 101.29
106.52 113.10
105.03 115.74
105.52 109.73
97.52 101.09
113.10 143.82
101.27 105.30
100.71 111.45
103.33 103.83
104.10 100.96
107.62 114.60
96.48
92.19
103.37 102.46
100.74 111.86
97.00
90.13
106.42 120.87
71.70
SURVEY OF CURRENT BUSINESS
December
2000
35
Table 13.—Chain-Type Price Indexes for Intermediate Inputs by Industry,
1996-99
Table 14.—Current-Dollar Cost Per Unit of Real Gross Domestic Product
by Private Industry Group, 1996-99
[1996=100]
[Dollars]
Line
All Industries .
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
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing .
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
,
,
,
,
.
,
,
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations
Other services
Private households
1997
1998
1999
100.77
100.76
102.34
102.68
99.76
102.18
99.32
100.42
103.46
100.88
101.84
98.93
98.84
103.20
100.78
101.29
101.05
100.90
96.58
95.57
99.14
100.86
96.81
100.46
99.03
99.02
100.66
99.07
101.09
98.52
99.25
101.31
98.79
99.65
98.77
99.61
96.92
96.99
96.37
96.74
96.93
95.37
92.41
95.00
98.65
88.64
96.91
97.23
95.88
99.95
96.01
99.50
100.00
Private Industries
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
1996
100.00
,
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.71
101.96
101.19
100.76
100.37
99.01
100.85
101.73
100.21
100.32
102.10
100.46
99.93
102.58
102.78
100.35
102.02
104.12
102.86
104.07
101.44
103.24
102.13
105.45
103.92
105.94
102.94
101.24
102.50
102.37
102.35 103.91
94.54 94.53
95.72 93.96
100.47
100.33
100.91
95.78
99.49
92.06
90.05
97.37
100.68
92.55
99.17
93.20
94.74
101.52
96.90
100.98
97.62
102.06
93.73
97.24
88.64
86.56
96.43
100.95
89.74
99.17
95.24
92.88
102.50
92.03
99.05
96.51
99.71
99.42
96.40
67.72
97.78
96.85
98.61
89.58
97.93
97.17
97.37
96.21
91.20
100.00
101.56
99.46
96.44
102.54
104.56
98.04
100.90
106.08
99.41
97.52
107.78
98.33
98.25
101.04
93.14
98.18
103.25
99.75
98.67
104.34
93.41
102.56
100.35
95.70
99.14
99.46
102.69
104.03
107.24
105.22
108.16
102.38
105.93
103.51
109.35
106.87
110.16
107.15
109.60
107.93
100.89
100.29
102.59
102.18
101.41
102.68
101.93
101.46
101.28
102.25
101.24
103.71
103.47
96.09
100.12
98.57
104.22
103.27
101.80
104.48
103.07
101.97
101.85
103.72
110.20
104.13
108.72
104.74
111.65
110.61
111.98
112.24
101.57
105.31
105.30
94.37
101.44
98.67
107.87
105.41
101.86
106.01
103.15
102.60
100.70
105.42
100.00
101.67
100.05
103.01
Federal
General government
Government enterprises
100.00
101.17
99.96
102.79
100.00
101.17
99.96
102.79
State and local
General government
Government enterprises
100.00
101.79
100.09
103.07
100.00
101.79
100.09
103.07
Government
1997
Line
1998
1999
1.036
1.017
.301
.103
.612
1.025
.542
.090
.393
.884
.323
.049
.512
.837
.286
.093
.459
1.093
.703
.025
.366
.993
.619
.037
.337
.934
.629
.023
.283
1.153
.744
.026
.383
.981
.605
.037
.340
.904
.603
.022
.280
Total
Compensation of employees
Indirect business tax and nontax liability ....
Property-type income
1.000
.525
.092
.383
Agriculture, forestry and fishing
Compensation of employees
,
Indirect business tax and nontax liability .....
Property-type income
,
1.000
.305
.051
.644
1.014
.530
.091
.394
.905
.298
.048
.558
Mining
Compensation of employees
Indirect business tax and nontax liability
Property-type income
,
1.000
.295
.108
.597
.549
.091
.396
.831
.331
.050
.450
.917
.283
.094
.541
,
1.000
.658
.023
.319
Manufacturing
Compensation of employees
,
Indirect business tax and nontax liability ....
Property-type income
1.000
.625
.038
.338
Durable goods
,
Compensation of employees
,
Indirect business tax and nontax liability ,
Property-type income
,
1.000
.679
.025
.296
1.042
.681
.024
.337
.994
.614
.036
.344
.973
.652
.024
.298
Nondurable goods
,
Compensation of employees
Indirect business tax and nontax liability
Property-type income
1.000
.554
.054
.392
1.024
.561
.054
.409
1.080
.599
.061
.420
1.099
.600
.061
.438
Transportation and public utilities
Compensation of employees
Indirect business tax and nontax liability
Property-type income
1.000
.428
.098
.474
Wholesale trade
Compensation of employees
Indirect business tax and nontax liability
Property-type income
Retail trade
Compensation of employees
Indirect business tax and nontax liability
Property-type income
Finance, Insurance, and real estate
Compensation of employees
Indirect business tax and nontax liability
Property-type income
Services
Compensation of employees
Indirect business tax and nontax liability
Property-type income
1.000
.545
.224
.230
1.061
.466
.108
.487
.918
.499
.190
.229
.989
.565
.176
.248
1.036
.461
.103
.472
.907
.500
.187
.219
1.000
.580
.185
.235
1.029
.448
.102
.479
.970
.526
.209
.235
.994
.572
.180
.242
1.011
.573
.182
.256
1.000
.245
.129
.626
1.032
.248
.128
.656
1.052
.263
.125
.664
1.059
.268
.125
.667
1.000
.718
.030
.252
1.036
.742
.031
.263
1.078
.778
.032
.268
1.121
.809
.033
.279
Construction
Compensation of employees
Indirect business tax and nontax liability
Property-type income
NOTE.—Current-dollar cost
by Industry price index divided by 100.
,
,
Ic product
36
SURVEY OF CURRENT BUSINESS
December 2000
SUBJECT GUIDE
VOLUME 80 (2000)
This guide lists the major items that were published in the SURVEY OF CURRENT
BUSINESS in the year 2000. 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
Customer Service Report for Fiscal Year 2000
{September, 14}
GDP: One of the Great Inventions of the 20th Century
{January, 6}
Notable Quotes [box, 9]
Schedule of BEANews Releases in 2001 {October, 162
and December, 00}
Zvi Griliches and His Contributions to Economic Measurement {January, 15}
National
BEA personal income and IRS adjusted gross income
New Estimates for 1997 and Revised Estimates for
1959-96 {February, 12}
New Estimates for 1998 and Revised Estimates for
1997 {November, 7}
Federal budget estimates
For Fiscal Year 2001 {March, 16}
Federal personal income tax liabilities and payments
Estimates for 1959-97 {March, 11}
Estimates for 1997-98 {December, 00}
Fixed assets and consumer durable goods
Estimates for 1925-98 and New NIPA Table—Changes
in Net Stock of Produced Assets {April, 17}
Errata {May, 23}
Estimates for 1925-99 {September, 19}
Gross domestic product by industry
Improved Estimates for 1947-98 {June, 24}
GPO Estimates as a Set of Accounts [box, 25]
Estimates for 1997-99 {December, 00}
Input-output accounts
Annual Accounts for 1996 {January, 37}
Inventories, sales, and inventory-sales ratios for manufacturing and trade
Third Quarter 1999 {January, 18}
Fourth Quarter 1999 {April, 9}
First Quarter 2000 {July, 6}
Fourth Quarter 1996 to Second Quarter 2000
{October, 6}
Motor vehicles
In 1999 {February, 7}
National income and product accounts (NIPA's)
Annual Revision
Estimates for 1997-99 and for 1997:1-2000:1
{August, 6}
Incorporating Source Data on the Basis of "Best
Change" [box, 16]
Implementation of the North American Industry
Classification System [box, 27]
Newly Available Tables
Tables 8.28 and 5.16 {September, 16}
Tables 3.15-3.20 and 9.1-9.6 {October, 10}
Revised Estimates: Tables 1.16 and 7.15
{December, 00}
Business Situation
Advance Estimates
Fourth Quarter 1999 {February, 1}
First Quarter 2000 {May, 1}
Second Quarter 2000 {August, 1}
Third Quarter 2000 {November, 1}
Preliminary Estimates
Fourth Quarter 1999 {March, 1}
First Quarter 2000 {June, 1}
Second Quarter 2000 {September, 1}
Third Quarter 2000 {December, 1}
Final Estimates
Third Quarter 1999 {January, 1}
Fourth Quarter 1999 {April, 1}
First Quarter 2000 {July, 1}
Second Quarter 2000 {October, 1}
Component Contribution Tables {May, 24}
Comprehensive Revision
Errata {January, 35}
Newly Available Tables {February, 23}
Improved Estimates for 1929-99 {April, 11}
Government Spending by Function: A New Presentation {June, 18}
A Note on the Impact of Hedonics and Computers on
Real GDP {December, 00}
Note on Rates of Return for Domestic Nonfinancial
Corporations, 1960-98 {June, 15}
Updated Summary NIPA Methodologies
{October, 18}
SURVEY OF CURRENT BUSINESS
Satellite accounts
Accounting for Subsoil Mineral Resources
{February, 24}
Accounting for Renewable and Environmental
Resources {March, 26}
U.S. Transportation Satellite Accounts for 1996
{May, 14}
U.S. Travel and Tourism Satellite Accounts for 1996
and 1997 {July, 8}
Errata {August, 140}
State and local government fiscal position
In 1999 {May, 6}
Comprehensive NIPA Revision: Definitional and
Classificational Changes [box, 7]
International
Direct investment positions: Country and industry
detail
For 1999 {July, 58}
Foreign direct investment in the United States
Detail for Historical-Cost Position and Related Capital
and Income Flows
In 1999 {September, 31}
An Examination of the Low Rates of Return of Foreign-Owned U.S. Companies {March, 55}
Accounting for Mergers and Acquisitions [box, 64]
New Investment in 1999 {June, 55}
New Industry Classifications [box, 59]
Operations in 1998 {August, 141}
Reconciliation of the U.S.-Canadian current account
For 1998 and 1999 {November, 14}
U.S. direct investment abroad
Detail for Historical-Cost Position and Related Capital
and Income Flows
In 1999 {September, 61}
U.S. international investment position
In 1999 {July, 46}
U.S. international services
Cross-Border Trade in 1999 and Sales Through Affiliates in 1998 {October, 119}
December 2000
U.S. international transactions
An Ownership-Based Disaggregation of the U.S. Current Account, 1982-97 {January, 87}
Quarterly estimates
Third Quarter 1999 {January, 90}
Fourth Quarter and Year 1999 {April, 146}
First Quarter 2000 {July, 79}
Second Quarter 2000 {October, 91}
Revised Estimates
For 1982-99 {July, 70}
U.S. multinational companies
Operations in 1998 {July, 26}
Regional
Gross state product
Estimates for 1977-98 {October, 69}
Industrial composition of State earnings
In 1958-98 {February, 70}
Errata {March, 52}
Local area personal income
Comprehensive Revision
Revised Estimates for 1969-97 and New Estimates
for 1998 {July, 124}
Alternative Measures of County Employment and
Wages [box, 128]
State personal income
Annual Revision
Estimates for 1997-99 {October, 63}
Comprehensive Revision
Estimates for 1969-99 {June, 64}
Personal Income in the NIPA's and State Personal
Income [box, 72]
Quarterly Estimates
Third Quarter 1999 {February, 51}
Upcoming Revision to State Personal Income
[box, 53]
First Quarter 2000 {August, 159}
Second Quarter 2000 {November, 30}
37
38
December 2000
SURVEY OF CURRENT BUSINESS
Schedule of BE A News Releases in 2001
January U.S. International Trade in Goods and Services, November 2000*
State Personal Income, 3rd quarter 2000
Gross Domestic Product, 4th quarter 2000 (advance)
February Personal Income and Outlays, December 2000
U.S. International Trade in Goods and Services, December 2000*
Gross Domestic Product, 4th quarter 2000 (preliminary)
March Personal Income and Outlays, January 2001
U.S. International Transactions, 4th quarter 2000
U.S. International Trade in Goods and Services, January 2001*
Gross Domestic Product, 4th quarter 2000 (final) and
Corporate Profits, 4th quarter 2000
Personal Income and Outlays, February 2001
April U.S. International Trade in Goods and Services, February 2001*
State Personal Income, 4th quarter 2000 and
Per Capita Personal Income, 2000 (preliminary)
Gross Domestic Product, 1st quarter 2001 (advance)
Personal Income and Outlays, March 2001
May Local Area Personal Income, 1999
U.S. International Trade in Goods and Services, March 2001*
Gross Domestic Product, 1st quarter 2001 (preliminary) and
Corporate Profits, 1st quarter 2001 (preliminary)
Personal Income and Outlays, April 2001
June Gross State Product by Industry, 1977-99
Foreign Investors' Spending to Acquire or Establish U.S. Businesses, 2000
U.S. International Trade in Goods and Services, April 2001*
U.S. International Transactions, 1st quarter 2001
International Investment Position of the United States, 2000
Gross Domestic Product, 1st quarter 2001 (final) and
Corporate Profits, 1st quarter 2001 (revised)
July Personal Income and Outlays, May 2001
U.S. International Trade in Goods and Services, May 2001*
State Personal Income, 1st quarter 2001
Gross Domestic Product, 2nd quarter 2001 (advance)
Personal Income and Outlays, June 2001 July 31
August U.S. International Trade in Goods and Services, June 2001*
Gross Domestic Product, 2nd quarter 2001 (preliminary) and
Corporate Profits, 2nd quarter 2001 (preliminary)
Personal Income and Outlays, July 2001
September U.S. International Transactions, 2nd quarter 2001
U.S. International Trade in Goods and Services, July 2001*
State Per Capita Personal Income, 2000 (revised)
Gross Domestic Product, 2nd quarter 2001 (final) and
Corporate Profits, 2nd quarter 2001 (revised)
October Personal Income and Outlays, August 2001
U.S. International Trade in Goods and Services, August 2001*
State Personal Income, 2nd quarter 2001
Gross Domestic Product, 3rd quarter 2001 (advance)
November Personal Income and Outlays, September 2001
U.S. International Trade in Goods and Services, September 2001*
Gross Domestic Product, 3rd quarter 2001 (preliminary) and
Corporate Profits, 3rd quarter 2001 (preliminary)
December Personal Income and Outlays, October 2001
U.S. International Transactions, 3rd quarter 2001*
U.S. International Trade in Goods and Services, October 2001
Gross Domestic Product, 3rd quarter 2001 (final) and
Corporate Profits, 3rd quarter 2001 (revised)
Personal Income and Outlays, November 2001
Jan. 19
Jan. 24
Jan. 31
Feb. 1
Feb. 21
Feb. 28
Mar. 1
Mar. 15
Mar. 20
8:30 a.m.
9:00 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
Mar. 29
Mar. 30
April 18
8:30 a.m.
8:30 a.m.
8:30 a.m.
April 24
April 27
April 30
May 3
May 18
9:00 a.m.
8:30 a.m.
8:30 a.m.
9:00 a.m.
8:30 a.m.
May 25
May 29
June 4
June 6
June 21
June 21
June 28
8:30 a.m.
8:30 a.m.
9:00 a.m.
10:00 a.m.
8:30 a.m.
8:30 a.m.
10:00 a.m.
June 29
July 2
July 19
July 24
July 27
July 31
Aug. 17
8:30 a.m.
8:30 a.m.
8:30 a.m.
9:00 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
Aug. 29
Aug. 30
Sept. 12
Sept. 19
Sept. 24
8:30 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
9:00 a.m.
Sept. 28
Oct. 1
Oct. 19
Oct. 24
Oct. 31
Nov. 1
Nov. 20
8:30 a.m.
8:30 a.m.
8:30 a.m.
9:00 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
Nov. 30
Dec. 3
Dec. 12
Dec. 19
8:30 a.m.
8:30 a.m.
8:30 a.m.
8:30 a.m.
Dec. 21
Dec. 21
8:30 a.m.
10:00 a.m.
,
* Joint release by Bureau of the Census and the Bureau of Economic Analysis.
December 2000
D-l
SURVEY OF CURRENT BUSINESS
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 (BEA) and a brief 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's economic statistics are available on three Web
sites. BEA's Web site at <www.bea.doc.gov> contains
data, articles, and news releases from the national,
international, and regional programs. The Federal
Statistical Briefing Room (FSBR) on the White House
Web site at <www.whitehouse.gov/fsbr> provides key
economic statistics, including gross domestic product.
The Commerce Department's STAT-USA Web site at
<www.stat-usa.gov> provides detailed databases and
news releases from BEA and from other Federal Government agencies by subscription.
The tables present annual [A], quarterly [Q], and monthly [M] estimates.
National Estimates
International Estimates
A. Selected NIPA tables [A, Q]
S. Summary tables
D-2
1. National income and product
D-3
2. Personal income and outlays
D-7
3. Government current receipts and expenditures.... D-8
4. Foreign transactions
D-12
5. Saving and investment
D-14
6. Income and employment by industry
D-17
7. Quantity and price indexes
D-18
8. Supplemental tables
D-25
B. Other NIPA and NIPA-related tables
B.I Personal income [A, M]
D-29
B.2 Disposition of personal income [A, M]
D-29
B.3 Gross domestic product by industry[A]
D-30
B.4 Personal consumption expenditures by
type [A]
D-31
B.5 Private fixed investment in structures
by type [A]
D-32
B.6 Private fixed investment in equipment and
software by type [A]
D-32
B.7 Consumption and wage and salary accruals by
industry [A]
D-33
B.8 Employment by industry [A]
D-34
B.9 Wage and salary accurals by employee and by
industry [A]
D-35
B.10 Farm sector output, gross product, and
national income [A]
D-36
B.I 1 Housing sector output, gross product, and
national income [A]
D-36
B.I2 Net stock of private fixed asssets by
type [A]
D-37
C. Historical measures
C.I Estimates of the major NIPA aggregates
D-38
D. Domestic perspectives [A, Q, M]
D-41
E. Charts
Selected NIPA series
D-43
Other indicators of the domestic economy
D-49
R Transactions tables
F.I U.S. international transactions in goods
and services [A, M]
D-51
F.2 U.S. international transactions [A, Q]
D-52
F.3 U.S. international transactions by area [Q]
D-53
F.4 Private services transactions [A]
D-56
G. Investment tables [A]
G.I U.S. international investment position
D-57
G.2 USDIA: Selected items
D-58
G.3 Selected financial and operating data of foreign
affiliates of U.S. companies
D-59
G.4 FDIUS: Selected items
D-60
G.5 Selected financial and operating data of U.S.
affiliates of foreign companies
D-61
H. International perspectives [A, Q, M]
D-62
I. Charts
The United States in the international economy D-64
Regional Estimates
J. State and regional tables
J.I Personal income [Q]
D-65
J.2 Personal income and disposable personal
income [A]
D-66
J.3 Per capita personal income and disposable
personal income [A]
D-67
J.4 Gross state product [A]
D-68
K. Local area table
K. 1 Personal income and per capita personal income
by metropolitian area [A]
D-69
L. Charts
Selected regional estimates
D-71
Appendixes
A: Additional information about the NIPA estimates
Statistical conventions
D-73
Reconciliation tables [A, Q]
D-74
B: Suggested reading
D-75
D-2
• National Data
SURVEY OF CURRENT BUSINESS
December 2000
National Data
A. Selected NIPA Tables
The tables in this section include the most recent estimates of gross domestic product and its components;
these estimates were released on November 29,2000, and include the "preliminary" estimates for the third quarter
of 2000.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly;
in most of these tables, annual estimates are also shown.
The news release on gross domestic product is available within minutes of the time of release, and the "Selected
NIPA Tables" are available later that day, on BEA's Web site <www.bea.doc.gov> and on STAT-USA's Web site
<www.stat-usa.gov>.
The "Selected NIPA Tables" are also available on printouts or diskettes from BEA. To order NIPA subscription
products, call the BEA Order Desk at 1-800-704-0415 (outside the United States, 202-606-9666).
NOTE.—The estimates in NIPA tables 1.16 and 7.15 reflect revisions to real gross product of nonfinancial
corporate business (see page 14 in this issue).
S. Summary Tables.
Table S.1.—Summary of Percent Change From Preceding Period in Real
Gross Domestic Product and Related Measures
Table S.2.—Summary of Contributions to Percent Change in Real Gross
Domestic Product
[Percent]
Seasonally adjusted at annual rates
1998
2000
1999
1999
Seasonally adjusted at annual rates
1998
4.4
4.2
2.5
5.7
8.3
4.8
5.6
2.4
Percent change at annual rate:
4.7
10.6
4.0
3.9
5.3
12.4
5.6
3.7
5.6
15.0
3.8
4.6
5.0
8.0
4.9
4.5
5.9
13.0
7.4
3.8
7.6
23.6
6.0
5.2
3.1
-5.0
3.6
4.6
4.5
8.1
4.8
3.7
Percentage points at annual
rates:
12.5
11.8
13.0
7.2
15.0
8.3
6.6
9.2
10.1
-1.4
14.1
6.4
0
8.7
9.6
-6.2
15.2
5.9
15.0
7.8
11.8
-6.2
18.0
17.9
7.2
9.5
9.7
9.5
5.1
16.4
21.0
22.3
20.6
3.2
21.7
11.2
14.6
4.4
17.9
1.3
2.1
3.3
7.8
14.9
5.8
-10.5
Net exports of goods and
services
Exports
Goods
Services
Imports
Goods
Services
2.3
2.2
2.4
11.9
11.8
12.2
2.9
4.0
.5
10.7
12.5
1.7
5.8
7.2
2.8
16.2
19.0
2.5
10.2
15.9
-2.5
16.9
19.0
6.3
10.3
12.6
4.6
10.7
11.2
8.2
6.3
6.0
6.9
12.0
11.2
16.6
14.3
19.0
3.5
18.6
20.0
10.6
15.4
19.8
4.8
17.4
16.6
22.1
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
2.1
-.5
-1.7
1.8
3.6
3.3
2.5
2.0
3.4
3.8
.8
2.0
-2.3
10.2
.1
4.8
6.9
12.3
-2.2
3.7
8.5 -1.1
13.2 -14.2
12.6 -19.8
14.4
-4.3
6.1
6.6
4.8
17.2
16.9
17.8
-1.1
-1.5
-9.0
-9.6
-8.0
2.7
Addenda:
Final sales of domestic
product
Gross domestic purchases ...
Final sales to domestic
purchasers
4.2
5.5
4.6
5.2
4.0
3.8
4.5
6.6
6.4
8.4
6.7
5.6
3.9
6.5
2.6
3.1
5.4
5.6
5.2
5.5
6.6
7.5
4.7
3.3
Gross national product
Disposable personal income
4.2
4.8
4.1
3.2
2.3
2.8
5.5
2.2
8.3
4.5
5.1
1.9.
5.6
37
2.2
2.4
Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Presidential
Structures
Equipment and software
Residential
Change in private inventories
Gross domestic product
NOTE.—Percent changes from preceding period in the current-dollar and price measures for these series are
shown in table 8.1.
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
2000
1999
1999
4.4
4.2
2.5
57
8.3
4.8
5.6
2.4
3.12
.81
.79
1.53
3.52
.96
1.10
1.46
3.67
1.14
.75
1.78
3.43
.64
.97
1.81
4.08
1.04
1.47
1.58
5.03
1.79
1.19
2.04
2.14
-.42
.74
1.83
3.02
.64
.95
1.43
2.06
1.87
1.54
.22
1.15
1.53
1.26
-.05
.01
1.43
1.18
-.20
2.50
1.33
1.47
-.19
3.04
1.26
1.22
.29
.92
2.68
2.54
.63
3.66
1.93
1.87
.14
.40
.58
1.04
.45
1.32
.33
1.30
.27
1.38
.25
1.66
-.13
.94
.03
1.91
.14
1.73
.06
.59
-.46
.20
-.37
-1.42
1.17
1.78
-1.76
1.73
-.18
-1.20
.26
.18
.08
-1.46
-1.21
-.24
-1.03
.32
.30
.02
-1.35
-1.32
-.04
-1.35
.60
.51
.08
-1.95
-1.89
-.05
-1.08
1.05
1.13
-.08
-2.13
-1.99
-.13
-.37
1.09
.94
.15
-1.45
-1.28
-.17
-.94
.67
.46
.21
-1.61
-1.28
-.33
-1.00
1.48
1.37
.11
-2.48
-2.26
-.22
-79
1.60
1.46
.15
-2.39
-1.95
-.44
.38
-.03
-.07
.04
.59
.16
.08
.08
.43
.13
.12
-.09
.21
.01
.84
.41
.46
-.05
.43
1.50
.79
.48
.30
.71
-.18
-.93
-.86
-.07
.75
.85
.97
.60
.37
-.12
-.26
-.57
-.38
-.19
.31
.41
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.
National Data •
SURVEY OF CURRENT BUSINESS
December 2000
D-3
1. National Product and Income_
Table 1.1.—Gross Domestic Product
Table 1.2.—Real Gross Domestic Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1998
II
Gross domestic product
Seasonally adjusted at annual rates
2000
1999
1998
1999
2000
1999
IV
IV
8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 9,945.7 10,052.2
Gross domestic product
I
8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,373.5
Persona! consumption
expenditures
..
5,850.9 6,268.7 6,213.2 6,319.9 6,446.2 6,621.7 6,706.3 6,816.7
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
693.9 761.3 756.3 767.2 787.6 826.3 814.3
825.5
1,707.6 1,845.5 1,825.3 1,860.0 1,910.2 1,963.9 1,997.6 2,032.0
3,449.3 3,661.9 3,631.5 3,692.7 3,748.5 3,831.6 3,894.4 3,959.2
Durable goods
Nondurable goods
Services
727.3 817.8 810.5 826.2 851.8 898.2 886.7 904.1
1,684.8 1,779.4 1,765.0 1,786.1 1,818.1 1,844.8 1,861.1 1,883.1
3,269.4 3,390.8 3,373.4 3,411.1 3,443.0 3,487.2 3,526.7 3,558.7
Gross private domestic
investment
1,549.9 1,650.1 1,607.9 1,659.1 1,723.7 1,755.7 1,852.6 1,872.4
Gross private domestic
investment
1,566.8 1,669.7 1,623.1 1,680.8 1,751.6 1,773.6 1,863.0 1,872.8
Fixed investment..,
1,472.9 1,606.8 1,593.4 1,622.4 1,651.0 1,725.8 1,780.5 1,805.0
1,107.5 1,203.1 1,188.0 1,216.8 1,242.2 1,308.5 1,359.2 1,392.5
Nonresidential
283.2 285.6 283.7 281.2 290.4 308.9 315.1
330.2
Structures
Equipment and
824.3 917.4 904.3 935.6 951.8 999.6 1,044.1 1,062.4
software
365.4 403.8 405.4 405.6 408.8 417.3 421.3
412.5
Residential
36.7 72.7
29.9
77.0
72.0
67.4
14.5
43.3
Change in private inventories
Net exports of goods and
services
-151.5 -254.0 -240.4 -280.5 -299.1 -335.2 -355.4
966.0 990.2 973.0 999.5 1,031.0 1,051.9 1,092.9
682.0 699.2 682.1 708.9 734.6 747.5 783.6
284.0 291.0 290.9 290.7 296.4 304.4 309.2
1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3
930.5 1,048.6 1,020.4 1,081.7 1,127.3 1,176.1 1,233.9
187.0 195.6 193.0 198.3 202.8 211.0 214.4
Exports
Goods
Services ..
Imports
Goods
Services ..
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
1,540.9 1,634.4 1,610.9 1,642.4 1,688.8 1,710.4 1,742.2
,
,
,
540.6
349.2
568.6 558.3 570.4 591.6 580.1 604.5
365.0 355.3 367.5 380.8 366.6 381.9
191.4 203.5 203.0 202.8 210.7 213.5 222.6
1,000.3 1,065.8 1,052.6 1,072.1 1,097.3 1,130.4 1,137.7
-586.1
1,135.1
819.8
315.3
1,521.2
1,295.9
225.3
1,749.2
594.4
375.1
219.3
1,154.9
'.
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
5,678.7 5,978.8 5,940.2 6,013.8 6,101.0 6,213.5 6,260.6 6,330.5
1,485.3 1,621.4 1,607.1 1,637.8 1,666.6 1,730.9 1,777.6 1,791.9
1,140.3 1,255.3 1,237.5 1,272.5 1,301.8 1,365.3 1,412.5 1,439.4
263.0 259.2 258.7 254.6 260.6 274.0 277.0 286.8
879.0 1,003.1 985.0 1,026.6 1,050.1 1,100.4 1,146.6 1,162.7
346.1 368.3 370.9 368.0 368.5 371.4 372.6 362.3
36.6
45.3
80.9
78.6
39.1
73.5
80.2
13.1
-221.0 -322.4 -314.6 -342.6 -352.5 -376.8 -403.4 ^ 2 5 . 0
.
1,003.6 1,033.0 1,017.6 1,042.6 1,068.4 1,084.8 1,121.8 1,162.7
723.6 752.2 735.7 763.4 786,5 798.1 833.5 872.1
280.3 281.7 282.3 280.5 283.7 288.5 291.0 294.4
. 1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,587.7
1,032.0 1,161.1 1,139.9 1,190.5 1,222.5 1,255.3 1,313.9 1,365.4
192.6 195.9 193.7 196.7 200.6 208.4 213.7 224.7
1,486.4 1,536.1 1,519.9 1,537.8 1,569.5 1,565,1 1,583.7 1,577.7
526.9
341.7
185.2
959.2
540.1
348.5
191.5
995.6
532.1
340.3
191.6
987.5
.5
-.6
2.8
541.0 558.1 537.1 558.8 545.8
350.4 360.9 341.5 355.1 346.2
190.5 197.1 195.4 203.6 199.4
996.4 1,011.2 1,027.4 1,024.6 1,031.4
.1
-5.2
-8.0
-10.6
-11.1
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
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.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table are shown in table 7.1.
D-4
• National Data
SURVEY OF CURRENT BUSINESS
December 2000
Table 1.3.—Gross Domestic Product by Major Type of Product
Table 1.4.—Real Gross Domestic Product by Major Type of Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1999
1999
Seasonally adjusted at annual rates
2000
1998
Gross domestic product
Final sales of domestic
product
Change in private inventories
Goods
Final sales
Change in private
inventories
Durable goods
Final sales
Change in private
inventories
IV
8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 9,945.7 10,052.2
8,713.2 9,255.9 9,177.0 9,304.2 9,486.9 9,722.8 9,873.7 9,984.8
36.7
14.5
72.0
43.3
77.0
67.4
72.7 29.9
3,316.4 3,510.2 3,451.2 3,527.3 3,638.7 3,710.2 3,806.1 3,844.0
3,239.3 3,466.9 3,436.7 3,490.6 3,566.0 3,680.3 3,734.1 3,776.6
67.4
72.0
72.7
36.7
29.9
43.3
14.5
77.0
1,578.1 1,678.3 1,640.9 1,697.1 1,749.3 1,794.4 1,857.9 1,873.2
1,532.3 1,651.1 1,635.9 1,669.4 1,701.8 1,773.7 1,809.6 1,831.0
42.2
48.3
20.7
47.5
27.2
45.8
27.6
5.0
1,738.3 1,831.9 1,810.3 1,830.2 1,889.4 1,915.8 1,948.2 1,970.8
1,707.1 1,815.8 1,800.8 1,821.1 1,864.1 1,906.6 1,924.5 1,945.6
Nondurable goods
Final sales
Change in private
inventories
Services
Structures
25.2
9.2 23.7
25.2
31.2
9.1
16.1
9.5
4,673.0 4,934.6 4,891.2 4,965.2 5,050.3 5,135.2 5,231.4 5,293.3
914.9
800.9 854.3 849.1 848.5 870.7 907.4 908.2
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
8,475.3 8,952.5 8,852.9 8,988.3 9,201.8 9,396.8 9,590.2 9,712.1
314.9
346.6
338.6
352.6
357.8
355.9
2000
1999
1999
I
355.5
340.1
NOTE—Percent changes from preceding period for gross domestic product and for final sales of domestic product
are shown in table 8.1.
Gross domestic product
Final sales of domestic
product
Change in private inventories
Residual
Goods
Final sales
Change in private
inventories
Durable goods
Final sales
Change in private
inventories
Nondurable goods
Final sales
Change in private
inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
II
I
8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,373.5
8,435.2 8,826.9 8,764.9 8,861.8 9,000.5 9,148.0 9,235.3 9,294.1
80.2
39.1
45.3
36.6 78.6
73.5
13.1
80.9
7.2
5.0
.3
5.2
4.9
3.6
5.9
2.7
3,340.0 3,543.8 3,475.6 3,565.3 3,684.4 3,741.9 3,818.8 3,857.2
3,258.7 3,495.7 3,459.8 3,522.4 3,599.6 3,699.5 3,733.9 3,776.8
80.2
36.6
73.5
78.6
80.9
39.1
13.1
45.3
1,638.4 1,780.6 1,735.4 1,805.5 1,867.8 1,919.7 1,984.1 1,997.4
1,591.2 1,752.5 1,730.9 1,776.9 1,818.2 1,899.0 1,933.9 1,953.6
21.2
46.9
43.3
49.5
28.6
48.9
5.2
28.2
1,704.3 1,769.1 1,745.0 1,766.9 1,824.2 1,832.3 1,847.8 1,872.3
1,670.2 1,749.3 1,734.6 1,752.7 1,788.9 1,811.5 1,813.1 1,836.1
30.4
17.1
33.3
29.5
15.5
32.1
7.9 10.5
4,427.1 4,563.3 4,537.8 4,581.1 4,631.0 4,659.3 4,718.8 4,738.0
751.8 776.5 774.7 768.1 781.9 804.9 798.8 797.7
-4.8 -11.1
-7.9 -12.1 -16.9 -19.6 -24.7 -25.6
317.9
348.2
341.6
352.0
359.0
359.3
355.2
339.6
8,198.2 8,528.8 8,442.6 8,555.1 8,726.5 8,833.7 8,964.3 9,033.4
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line 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.
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.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of dollars]
[Billions of chained (1996) dollars]
Gross domestic product ....
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in private
inventories
Equals: Final sales to
domestic purchasers
8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 9,945.7 10,052.2
966.0
990.2
973.0
999.5 1,031.0 1,051.9 1,092.9 1,135.1
1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3 1,521.2
8,941.7 9,553.2 9,432.0 9,621.4 9,858.8 10,087.9 10,301.1 10,438.3
43.3
77.0
14.5
36.7
72.7
29.9
72.0
67.4
8,864.7 9,509.9 9,417.4 9,584.7 9,786.1 10,058.0 10,229.1 10,370.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,373.5
1,003.6 1,033.0 1,017.6 1,042.6 1,068.4 1,084.8 1,121.8 1,162.7
1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,587.7
8,727.9 9,179.1 9,079.6 9,226.7 9,414.1 9,543.6 9,694.3 9,767.7
80.2
45.3
13.1
39.1
80.9
36.6
78.6
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for selected series in this table are shown in table 8.1.
Chain-type quantity indexes for selected series in this table are shown in table 7.2.
Table 1.8—Real Gross Domestic Product by Sector
[Billions of dollars]
[Billions of chained (1996) dollars]
Gross domestic product
Nonfarm2
Nonfarm less housing
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government3
Federal
State and local
8,790.2 9,299.2 9,191.5 9,340.9 9.559.7 9,752.7 9,945.7 10,052.2
7,425.7 7,872.4 7,773.0 7,908.0 8.110.8 8,277.9 8,449.9 8,539.6
7,345.0 7,798.2 7,695.4 7,837.1 8,041.1 8,207.0 8,375.0
6,642.7 7,054.0 6,957.3 7,088.4 7,280.5 7,431.1 7,589.9 7,672.9
793.9
702.3 744.3 738.2 748.7 760.6 775.9 785.0
74.9
72.8
77.6
70.9
74.2
80.8
69.8 71.0
425.2
385.1 401.7 399.9 403.2 407.4 412.0 418.2
9.5
12.2
11.0
9.1
9.3
11.5
9.5
390.3 387.7 392.2 397.9 402.9 408.9 415.7
979.3 1,025.0 1,018.7 1,029.7 1,041.4 1,062.7 1,077.6 1,087.4
298.6 309.5 308.3 309.7 311.7 322.9 328.6
328.8
680.7 715.5 710.3 720.0 729.8 739.8 749.0 758.6
14.0
371.2
gross domestic product less gross product of households and institutions and of general government.
gross domestic business product less gross farm product.
compensation of general government employees plus general government consumption of fixed capital
table 3.7.
73.5
8,647.2 9,130.3 9,061.5 9,182.8 9,330.4 9,499.9 9,610.5
Table 1.7.—Gross Domestic Product by Sector
Business!
1. Equals
2. Equals
3. Equals
as shown in
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in private
inventories
Equals: Final sales to
domestic purchasers
Gross domestic product
Business!
Nonfarm2
Nonfarm less housing
Housing
Farm
Households and institutions .
Private households
Nonprofit institutions
General government3
Federal
State and local
Residual
1. Equals
2. Equals
3. Equals
as shown in
8,515.7
7,215.9
7,114.7
6,452.5
662.6
100.2
371.7
13.3
358.4
928.7
286.4
642.2
8,875.8
7,557.0
7,450.2
6,767.8
683.1
106.3
378.3
10.6
367.8
942.1
286.5
655.4
.1 -1.7
8,783.2
7,467.0
7,357.3
6,678.6
679.3
111.4
377.7
11.3
366.4
939.7
286.0
653.5
-3.3
8,905.8
7,585.1
7,479.2
6,794.1
685.9
104.5
378.7
10.1
368.7
943.6
286.3
657.1
-.9
9,084.1
7,758.4
7,652.7
6,961.6
692.3
103.1
380.9
9,191.8
7,859.0
7,749.9
7,050.6
700.6
107.3
382.3
8.6
8.2
372.3
947.4
287.0
660.2
-1.0
374.2
953.5
289.1
664.2
-2.4
9,318.9
7,975.8
7,868.5
7,165.4
704.7
104.1
384.5
9,373.5
8,026.1
7,917.1
7,211.0
707.9
106.1
386.5
8.2
8.3
376.4 378.4
962.0 964.4
294.5 292.9
667.4 671.4
-1.8
-2.5
gross domestic product less gross product of households and institutions and of general government.
gross domestic business product less gross farm product.
compensation of general government employees plus general government consumption of fixed capital
table 3.8.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.14.
December 2000
D-5
National Data
SURVEY OF CURRENT BUSINESS
Table 1.9.—Relation of Gross Domestic Product, Gross National Product,
Net National Product, National Income, and Personal Income
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1998
1999
1999
II
Gross domestic product
Plus: Income receipts from the
rest of the world
Less: Income payments to the
rest of the world
Equals: Gross national
product
III
IV
I
II
8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7
295.9
314.4
331.2
350.9
375.4
375.5
288.9
316.9
305.6
328.0
344.6
358.6
383.7
387.7
Equals: Net national product 7,709.3 8,127.1 8,033.0 8,145.5 8,357.7 8,529.6
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments TO
persons
Business transfer
payments to
persons
9,937.4 10,040.0
1,244.3
1,029.8
1,272.3
1,053.2
1,043.9
1,062.0
14.1
214.6
219.2
8.8
183.2
187.3
31.4
31.8
8,693.1
8,767.7
707.9
721.6
745.5
755.9
764.6
772.8
38.0
-24.8
39.7
-71.9
39.3
-76.8
39.9
-89.5
40.6
-67.8
41.3
-77.7
42.0
-72.5
41.5
-96.5
21.5
28.4
29.7
19.5
41.4
23.5
24.2
42.1
7,038.1 7,469.7 7,392.3 7,493.1 7,680.7 7,833.5
7,983.2
8,091.9
Equals: Gross national
product
856.0
507.1
836.8
494.1
842.0
513.8
893.2
530.6
936.3
545.4
963.6
565.9
971.2
578.7
622.1
662.1
657.0
666.9
676.1
691.2
701.7
710.1
5.2
5.2
5.2
963.7
951.3
969.4
351.1
370.3
366.8
373.5
5.2
0
989.0 1,011.6
380.2
386.9
0
1,031.3
392.6
0
1,045.4
399.7
1,035.5
1,043.4
30.4
30.6
30.8
Equals: Personal income
7,391.0 7,789.6 7,729.7 7,828.5 7,972.3 8,105.8
8,242.1
8,351.0
Addenda:
Gross domestic income
Gross national income
Net domestic product
8,815.0 9,371.1 9,268.3 9,430.4 9,627.5 9,830.4 10,018.3 10,148.7
8,811.4 9,360.1 9,258.6 9,416.8 9,614.0 9,822.7 10,010.0 10,136.5
7,712.9 8,138.1 8,042.7 8,159.1 8,371.2 8,537.3 8,701.4 8,779.9
954.3
986.5
982.6
990.4
28.7
29.7
29.6
29.9
30.1
294.1
285.4
301.9
316.2
332.0
353.2
351.1
279.3 301.5
291.8
312.0
325.0
335.8
357.9
359.6
278.7
8,515.1 8,868.3 8,776.7 8,895.4 9,075.0 9,187.7 9,313.7 9,364.5
capital
Equals: Net national product
1,081.0 1,169.7 1,154.1 1,190.1 1,202.8 1,229.1 1,256.0 1,283.0
894.5 974.1 959.9 993.3 1,003.2 1,026.7 1,050.7 1,074.8
208.6
186.6 195.8 194.4 197.0 199.7
202.7 205.6
159.7 167.8 166.6 168.8 171.2
179.0
173.7 176.3
29.6
28.2
27.9
28.5
26.9 28.0
29.3
29.0
7,434.9 7,701.6 7,625.5 7,709.1 7,875.1 7,962.3 8,062.2 8,087.8
Addenda:
Gross domestic income !
Gross national income2
Net domestic product
8,539.5 8,944.4 8,856.6 8,991.1 9,148.4 9,265.0 9,386.9 9,463.5
8,539.0 8,936.9 8,850.1 8,980.8 9,139.4 9,260.9 9,381.7 9,454.5
7,435.4 7,709.0 7,632.0 7,719.3 7,884.1 7,966.4 8,067.4 8,096.8
Private
Government
General
government
Government
enterprises
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]
Gross national product
815.0
482.7
997.3 1,016.5
Plus: Income receipts from the
rest of the world
Less: Income payments to the
rest of the world
,
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.
718.1
2.1
I
8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,373.5
Gross domestic product
Less: Consumption of fixed
679.6
940.8
2000
IV
II
305.9
8,786.7 9,288.2 9,181.8 9,327.3 9,546.3 9,745.0
1999
1999
III
9,945.7 10,052.2
285.4
Less: Consumption of fixed
capital
1,077.3 1,161.0 1,148.8 1,181.8 1,188.5 1,215.4
Private
889.4 961.4 951.0 980.8 983.5 1,005.6
Capital
consumption
allowances ....
911.3 984.9 975.2 1,000.6 1,007.7 1,026.3
Less: Capital
consumption
24.2
24.2
23.5
adjustment
19.8
20.8
21.9
Government
188.0 199.6 197.8 201.0 205.0 209.8
General
160.4 170.3 168.7 171.5 175.0 179.1
government ...
Government
30.7
29.1
29.5
30.0
enterprises ....
27.5
29.3
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Seasonally adjusted at annual rates
1998
2000
,
Less: Exports of goods and
services and income receipts
from the rest of the world
Plus: Command-basis exports of
goods and services and
income receipts from the rest
jr\r\r\ 1l
of the world
Equals: Command-basis gross
national product
Addendum:
Terms of trade 2
8,515.1 8,868.3 8,776.7 8,895.4 9,075.0 9,187.7 9,313.7 9,364.5
1,282.2 1,327.4. 1,303.0 1,345.0 1,385.6 1,418.6 1,477.5 1,515.4
1,336.8 1,374.0 1,354.3 1,385.3 1,418.9 1,443.4 1,508.9 1,539.6
8,569.7 8,915.0 8,828.1 8,935.7 9,108.3 9,212.5 9,345.1 9,388.7
104.3
103.5
103.9
103.0
102.4
101.7
102.1
101.6
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods
and services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding
implicit price deflator for imports divided by 100.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
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.
D-6
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
Table 1.16—Gross Product of Corporate Business in Current Dollars
and Gross Product of Nonfinancial Corporate Business in Current and
Chained Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
1999
IV
National income
Seasonally adjusted at annual rates
2000
1998
I
Rental income of persons with
capital 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
Capital consumption
adjustment
Net interest
Addenda:
Corporate profits after tax with
inventory valuation and
capital consumption
adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments ...
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Consumption of fixed
capital
Less: Inventory valuation
adjustment
Equals: Net cash flow
2000
1999
7,038.1 7.469.7 7,392.3 7,493.1 7,680.7 7,833.5 7,983.2 8,091.9
Compensation of employees ... 4,984.2 5.299.8 5,255.4 5,340.9 5,421.1 5,512.2 5,603.5 5,678.4
Wage and salary accruals
4,192.8 4,475.1 4,435.5 4,512.2 4,583.5 4,660.4 4,740.1 4,803.8
692.7 724.4 720.3 727.5 734.5 749.9 760.2 765.3
Government
Other
3,500.1 3,750.7 3,715.2 3,784.7 3,849.0 3,910.5 3,980.0 4,038.5
Supplements to wages and
791.4 824.6 819.9 828.7 837.7 851.8 863.3 874.6
salaries
Employer contributions for
social insurance
305.9 323.6 321.2 325.9 330.3 337.8 342.9 347.0
Other labor income
485.5 501.0 498.7 502.8 507.4 514.0 520.5 527.6
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
1999
620.7
25.4
663.5
25.3
660.4
29.0
659.7
693.9
709.5
15.5
31.7
19.1
21.5
725.0
31.7
33.1
33.6
37.0
24.8
39.8
27.4
29.9
40.3
-7.6
595.2
545.1
-S.3
638.2
586.9
-8.0
631.4
581.0
-9.3
644.2
593.7
-8.1
657.9
605.7
-6.3
674.8
624.1
-6.4
688.1
635.2
-8.6
693.3
639.8
1.4
-1.4
-2.0
-2.6
-1.7
-2.9
48.7
52.7
52.4
53.1
53.9
53.6
53.8
54.2
135.4
187.6
143.4
199.4
145.7
200.2
136.6
196.3
146.2
202.3
145.6
203.1
140.8
198.8
138.6
197.0
-52.2
-56.0
-54.5
-59.7
-56.1
-57.5
-58.0
-58.4
-.8
815.0
856.0
836.8
842.0
893.2
936.3
963.6
971.2
775.1
758.2
244.6
513.6
351.5
162.1
813.9
823.0
255.9
567.1
370.7
196.4
795.6
804.5
250.8
553.7
367.2
186.5
799.3
819.0
254.2
564.8
373.9
190.9
851.5
870.7
270.8
599.9
380.6
219.
895.7
920.7
286.3
634.4
387.3
247.1
928.8
942.5
292.0
650.4
393.0
257.4
941.3
946.0
291.9
654.1
400.1
254.0
17.0
-9.1
-8.9
-19.7
-19.
-25.0
-13.6
-4.7
39.9
42.1
41.2
42.7
41.6
40.6
34.7
29.9
482.7
507.1
494.1
513.8
530.6
545.4
565.9
578.7
570.4
600.1
585.9
587.9
622.3 650.0
843.2
906.3
889.4
901.7
936.5 974.2 1,009. 1,029.1
218.9
229.4
218.7
214.0
241.7
262.7
278.
279.2
624.3
676.9
670.7
687.7
694.8
711
731.1
749.9
17.0
826.2
-9.1
915.4
-8.9
898.4
-19.7
921.3
-19.2
955.8
-25.0
671.5
679.3
-4.7
-13.6
1,023.2 1,033.8
Billions of dollars
Gross product of
corporate business
Consumption of fixed capital
5,339.3 5,692.5 5,631.0 5,722.6 5,852.7 5,975.9 6,094.7 6,179.9
624.3 676.9 670.7 687.7 694.8 711.5 731.1 749.9
4,715.0 5,015.6 4,960.3 5,034.9 5,157.9 5,264.5 5,363.7 5,430.0
Net product
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
494.9 523.3 517.8 523.3 542.9 554.5 561.1 564.6
4,220.1 4,492.3 4,442.5 4,511.5 4,614.9 4,710.0 4,802.5 4,865.4
Domestic income
Compensation of
3,351.4 3,585.2 3,551.8 3,617.3 3,677.1 3,733.0 3,797.1 3,852.0
employees
Wage and salary
2,870.6 3,082.1 3,050.8 3,111.6 3,167.5 3,213.3 3,270.4 3,318.4
accruals
Supplements to wages
480.8 503.1 501.0 505.7 509.6 519.7 526.7 533.6
and salaries
Corporate profits with
inventory valuation and
capital consumption
711.5 744.6 730.8 730.1 772.7 807.4 829.3 831.8
adjustments
707.0 750.2 791.8 808.2 806.6
654.7 711.6
Profits before tax
244.6 255.9 250.8 254.2 270.8 286.3 292.0 291.9
Profits tax liability
410.1 455.7 447.7 452.9 479.4 505.5 516.1 514.7
Profits after tax
312.4 328.9 335.7 331.1 338.7 345.3 347.9 347.1
Dividends
97.7 126.7 112.1 121.8 140.7 160.2 168.3 167.6
Undistributed profits
Inventory valuation
adjustment
-4.7
-8.9 -19.7 -19.2 -25.0 -13.6
-9.1
17.0
Capital consumption
34.7
42.7
41.2
42.1
39.9
adjustment
41.6
40.6
29.9
157.1 162.5 160.0 164.2 165.2 169.6 176.2 181.6
Net interest
Gross product of
financial corporate
business
Gross product of
nonfinancial corporate
business
Consumption of fixed capital
Net product
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
Domestic income
Compensation of
employees
Wage and salary
accruals
Supplements to wages
and salaries
Corporate profits with
inventory valuation and
capital consumption
adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Net interest
611.2
643.7
631.3
642.0
660.8
675.7
680.7
694.4
4,728.1 5,048.8 4,999.7 5,080.6 5,191.9 5,300.3 5,414.0 5,485.5
526.8
569.6
564.5
579.2
584.0
597.5
613.4
628.4
4,201.3 4,479.3 4,435.2 4,501.4 4,607.9 4,702.7 4,800.7 4,857.1
456.5 482.5 477.3 482.3 501.1 511.7 517.8 521.0
3,744.9 3,996.8 3,958.0 4,019.0 4,106.8 4,191.0 4,282.9 4,336.1
3,055.1 3,267.0 3,236.5 3,295.8 3,352.2 3,401.6 3,460.0 3,510.0
2,612.8 2,804.4 2,775.5 2,830.9 2,884.0 2,923.7 2,975.7 3,019.4
442.
462.7
460.9
464.9
468.3
477.9
484.4
490.6
560.4
489.9
159.4
330.5
240.
90.0
588.5
539.5
166.6
373.0
250.9
122.1
586.0
538.1
167.2
370.9
256.3
114.6
579.1
539.9
167.1
372.8
252.1
120.6
602.0
563.0
173.5
389.
257.5
132.0
632.8
599.9
186.0
413.8
262.5
151.3
660.1
620.1
193.5
426.7
264.5
162.2
658.3
612.5
190.2
422.3
263.9
158.4
17.0
-9.1
-8.9
-19.7
-19.2
-25.0
-13.6
-4.7
53.!
129.4
58.0
141.3
56.9
135.1
58.9
144.1
58.2
152.6
57.9
156.6
53.7
162.7
50.5
167.7
Billions of chained (1996) dollars
Gross product of
nonfinancial corporate
businessJ
4,679.9 4,957.1 4,904.4 4,987.0 5,093.6 5,171.0 5,251.2 5,312.4
533.9 586.7 577.9 597.2 607.3 623.1 639.2 655.4
Consumption of fixed capital 2 ....
4,146.0 4,370.4 4,326.6 4,389.8 4,486.3 4,547.9 4,612.0 4,657.0
Net product3
1. Effective with this release, the estimates of chained-dollar gross product of nonfinancial corporate business
for 1997-2000 are revised to reflect revisions to the gross product price indexes for nonfinancial industries (see
"Revised Estimates of Real Gross Product of Nonfinancial Corporate Business for 1997-2000" in this issue).
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.
SURVEY OF CURRENT BUSINESS
December 2000
National Data • J D - 7
2. Personal Income and Outlays.
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
1999
Seasonally adjusted at annual rates
2000
1998
I
Personal income
Wage and salary
disbursements
Private industries
Goods-producing
industries
Manufacturing
Distributive industries
Service industries
Government
4,190.7 4,470.0 4,430.4 4,507.0 4,578.3 4,660.4 4,740.1 4,803.8
3,498.0 3,745.6 3,710.0 3,779.6 3,843.8 3,910.5 3,980.0 4,038.5
1,038.6 1,089.2 1,081.6 1,097.8 1,111.2 1,130.9 1,147.1 1,160.0
756.6 782.4 777.4 789.0 795.1 802.8 813.1 820.2
949.1 1,020.3 1,009.9 1,029.9 1,049.4 1,070.9 1,095.7 1,118.2
1,510.3 1,636.0 1,618.6 1,651.8 1,683.2 1,708.6 1,737.2 1,760.3
692.7 724.4 720.3 727.5 734.5 749.9 760.2 765.3
498.7 502.8
507.4
514.0
520.5
527.6
620.7 663.5
25.4 25.3
595.2 638.2
660.4
689.6
693.9
709.5
31.7
657.9
19.1
674.8
21.5
688.1
725.0
31.7
693.3
135.4
143.4
145.7
146.2
145.6
140.8
138.6
Personal dividend income ...
351.1
370.3
366.8
373.5
380.2
386.9
392.6
399.7
Personal interest income
940.8
963.7
951.3
969.4
989.0 1,011.6 1,031.3 1,045.4
485.5
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government unemployment
insurance benefits
Veterans benefits
Other transfer payments ....
Family assistancel
Other
Less: Personal
contributions for social
insurance
501.0
29.0
631.4
659.7
15,5
644.2
136.6
983.0 1,016.2 1,012.2 1,020.3 1,027.4 1,046.9 1,066.1 1,074.2
578.0
588.0
586.1
589.7
592.8
607.9
624.3
627.2
19.5
23.4
362.0
17.0
345.0
20.3
24.3
383.6
17.8
365.8
20.6
24.2
381.3
17.6
363.7
20.2
24.4
386.1
17.9
368.2
20.1
24.5
19.4
24.9
397.5
18.5
19.9
25.1
390.1
18.1
371.9
20.1
24.9
393.9
18.3
375.6
316.2
338.5
335.8
341.0
345.9
353.4
358.8
401.9
18.7
379.0 383.2
1,070.9 1,152.0 1,133.4 1,164.0 1,197.3 1,239.3 1,277.2 1,308.1
6,320.0 6,637.7 6,596.3 6,664.5 6,775.0 6.866.5 6,964.9 7,042.9
Less: Personal outlays
6,054.7 6,490.1 6,432.8 6,543.3 6,674.1 6.855.6 6,944.3 7,060.2
Equals: Personal saving
Personal saving as a
percentage of disposable
personal income
5,850.9 6,268.7 6,213.2 6,319.9 6,446.2 6,621.7 6,706.36,816.7
179.8 194.8 192.9 196.8 200.2 205.3 209.7 214.1
24.0
26.6
26.7
26.6
27.6
28.5
28.3
29.4
265.4
147.6
163.6
121.1
101.0
11.0
20.6
-17.2
6,134.1 6,331.0 6,306.6 6,341.7 6,412.2 6,443.1 6,502.0 6,540.6
23,359 24,314 24,196 24,384 24,728 25,014 25,322 25,542
22,672 23,191 23,133 23,203 23,404 23,472 23,639 23,720
270.6
273.0
272.6
273.3
274.0
4.2
2.2
2.5
1.8
1.5
274.5
275.1
275.7
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.
Durable goods
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other
Gasoline and oil
Fuel oil and coal
Other
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
Addenda:
Energy goods and servicesl
Personal consumption
expenditures less food and
energy
5,850.9 6,268.7 6,213.2 6,319.9 6,446.2 6,621.7 6,706.3 6,816.7
693.9 761.3 756.3 767.2 787.6 826.3 814.3 825.5
288.8 320.7 321.8 323.2 330.3 349.3 335.5 341.6
266.1
139.0
288.5
152.0
284.7
149.8
291.0
153.0
298.8
158.5
309.7
167.3
311.1
167.7
314.4
169.6
1,707.6 1,845.5 1,825.3 1,860.0 1,910.2 1,963.9 1,997.6 2,032.0
845.8
286.4
897.8
307.0
886.6
306.1
900.4
308.7
926.1
311.9
938.4
323.1
948.3
325.6 331.1
128.0
142.7
157.6
172.9
182.0
128.3
141.3
127.3
14.0
491.3
148.5
115.2
12.8
447.4
133.4
142.0
15.6
514.6
154.5
163.3
18.5
18.7
541.7
14.4
498.0
15.1
502.4
529.5
185.4
165.1
20.2
555.5
3,449.3 3,661.9 3,631.5 3,692.7 3,748.5 3,831.6 3,894.4 3,959.2
218.7
883.7
906.2
360.2
128.9
231.3
256.5
943.6
237.1
958.4
900.8
357.2
127.4
229.7
254.7
935.9
234.8
948.0
911.6
366.7
133.7
232.9
258.1
950.0
240.5
965.8
923.5 936.7 950.0 962.2
363.0 369.0 380.6 387.0
126.7 129.5 138.4 142.5
236.3 239.5 242.2 244.5
262.3 267.4 272.8 275.5
964.0 979.3 989.6 1,004.9
244.5 253.0 260.7 268.9
991.2 1,026.3 1,040.8 1,060.5
256.5
271.6
268.7
282.2
284.4
858.2
345.6
128.5
217.1
244.5
302.4
320.4
327.8
4,748.6 5,099.3 5,057.9 5,137.3 5,235.8 5,380.9 5,437.6 5,528.9
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
363.1
Equals: Disposable personal
income
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars2
Per capita:
Current dollars
Chained (1996) dollars
Population (mid-period,
millions)
Personal consumption
expenditures
Services
Less: Personal tax and nontax
payments
Personal consumption
expenditures
Interest paid by persons
Personal transfer payments to
the rest of the world (net)
2000
7,391.0 7,789.6 7,729.7 7,828.5 7,972.3 8,105.8 8,242.1 8,351.0
Other labor income
Rental income of persons
with capital consumption
adjustment
1999
1999
[Billions of chained (1996) dollars]
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 servicesl
Personal consumption
expenditures less food and
energy
5,678.7 5,978.8 5,940.2 6,013.8 6,101.0 6,213.5 6,260.6 6,330.5
727.3
817.8
810.5
826.2
851.8
898.2
291.7
323.0
325.3
324.9
330.9
351.8
886.7
335.9
904.1
342.3
294.4
141.5
338.7
157.3
331.7
154.1
343.9
158.9
358.2
164.9
374.1
174.0
379.3
175.0
387.6
177.9
1,684.8 1,779.4 1,765.0 1,786.1 1,818.1 1,844.8 1,861.1 1,883.1
812.8 845.9 838.0 846.7 866.0 872.2 876.5 879.2
292.2 318.5 316.5 322.1 322.1 337.7 342.3 350.4
150.0
134.3
149.6
134.2
15.5
466.0
149.6
133.6
16.0
468.5
145.8
147.5
136.2 131.2
15.3
14.7
478.7 490.6
132.2
15.7
461.3
807.7
343.0
130.0
213.0
233.1
859.8
206.8
818.6
828.3
358.0
130.9
226.9
241.2
881.7
217.8
863.1
825.7
355.9
130.2
225.6
239.7
878.1
216.3
857.1
830.7
364.7
135.5
229.1
242.7
885.6
220.1
867.0
836.5
359.3
127.7
231.2
245.0
892.8
222.2
886.1
841.4
364.7
130.0
234.4
247.5
897.4
227.3
907.4
847.0
374.8
136.5
238.1
249.9
903.8
232.2
918.0
851.8
376.4
135.1
241.1
250.9
909.8
237.0
931.5
-3.0
-10.2
-9.4
-11.5
-12.8
-18.2
-17.9
-19.8
275.1
280.4
280.0
284.9
279.2
275.4
283.0
283.6
145.1
131.2
14.0
151.5
15.3
149.2
133.5
15.7
506.5
434.9
496.5
3,269.4 3,390.8 3,373.4 3,411.1 3,443.0 3,487.2 3,526.7 3,558.7
4,590.4 4,851.4 4,821.2 4,881.3 4,954.3 5,064.4 5,099.5 5,166.3
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.4.
Contributions to the percent change in real personal consumption expenditures are shown in table 8.3.
D-8
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
3. Government Current Receipts and Expenditures.
Table 3.1.—Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
2000
1999
IV
2,617.2 2,788.0 2,749.1 2,806.6 2,889.8 2,972.8 3,035.6 3,082.9
Current receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
I
.
Current expenditures
Consumption expenditures
1,070.9 1,152.0 1,133.4 1,164.0 1,197.3 1,239.3 1,277.2 1,308.1
244.6 255.9 250.8 254.2 270.8 286.3 292.0 291.9
679.6 718.1 707.9 721.6 745.5 755.9 764.6 772.8
622.1 662.1 657.0 666.9 676.1 691.2 701.7 710.1
2,526.5 2,613.5 2,593.6 2,612.0 2,679.8 2,684.9 2,734.5 2,764.5
1,262.1 1,325.7 1,307.4 1,334.4 1,364.5 1,376.2 1,410.3 1,415.6
Transfer payments (net)
To persons
To the rest of the world (net)
965.1
10.8
11.6
10.0
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by government
278.2
371.2
280.1
91.1
93.0
261.7
357.0
261.8
95.1
264.3
358.9
266.3
92.6
257.8
96.6
95.2
94.6
95.5
.4
.4
.4
.4
.4
.4
21.5
35.0
13.5
28.4
43.9
15.6
29.7
45.0
15.3
19.5
35.3
15.8
41.4
57.7
16.3
23.5
40.7
17.3
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
998.1
992.5
954.3 986.5
0
0
0
999.5 1,016.2 1,024.8 1,044.7 1,054.7
990.4 997.3 1,016.5 1,035.5 1,043.4
9.1
9.1
18.9
8.3
11.3
258.9
354.3
0
258.2
355.1
254.5
100.6
96.9
0
260.8
360.6
256.3
104.3
99.8
0
255.7
358.0
250.4
107.6
102.2
252.5
354.2
246.2
108.0
101.7
24.2
41.6
17.4
42.1
59.1
17.0
.4
0
0
90.7
174.4
155.5
194.7
210.0
287.9
301.1
318.5
57.3
33.4
90.3
84.1
85.7
69.7
94.3
100.4
102.7
107.2
106.1
181.8
103.6
197.4
111.1
207.4
30.2
90.7
188.0
32.4
94.9
174.4
199.6
36.8
308.7
7.2
79.4
155.5
197.8
36.6
303.5
115.8
121.7
210.0
205.0
39.2
324.4
8.0
192.0
287.9
209.8
37.1
334.2
8.6
212.6
301.1
214.6
36.2
331.9
7.5
230.4
318.5
219.2
36.4
333.6
10.0
278.8
2.1
6.9
194.7
201.0
36.2
308.0
8.1
National Data •
SURVEY OF CURRENT BUSINESS
December 2000
Table 3.2.—Federal Government Current Receipts and Expenditures
D-9
Table 3.3.—-State and Local Government Current Receipts and
Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1998
1999
IV
Current receipts
902.2
888.5
913.7
879.0
904.1
9.4
9.6
938.2
928.4
9.8
978.0 1,003.6 1,030.7
968.2 993.7 1,020.7
9.8
9.9
10.1
209.5 219.3 214.9
26.6 25.4 24.5
182.9 193.9 190.4
217.8
25.2
192.6
232.3
27.7
204.6
245.7
29.2
250.5
29.3
216.5
221.3
Corporate profits tax accruals ....
Federal Reserve banks
Other
Current expenditures
I
892.7
9.5
836.0
827.5
8.5
Contributions for social insurance
1998
250.5
30.0
220.5
244.9
190.3
34.9
19.7
250.3
195.0
35.4
19.9
259.2
203.2
35.9
20.1
261.4
204.6
36.5
20.3
273.6
216.1
37.0
20.5
277.4
219.1
37.6
20.7
Corporate profits tax accruals ....
35.1
36.6
35.9
36.3
38.5
40.6
41.5
41.4
583.1
284.9
229.2
69.0
617.5
307.1
238.5
71.9
609.1
302.8
237.3
68.9
620.2
310.8
239.7
69.7
641.6
318.3
242.1
81.2
649.2
327.4
244.8
77.0
655.7
329.8
247.5
78.5
663.8
334.0
250.2
79.5
100.5
65.6
19.2
15.8
65.6
18.0
15.3
101,4
66.0
19.7
15.6
103.9
66.2
20.8
16.9
106.8
70.1
19.4
17.3
108.9
70.0
21.8
17.2
109.1
69.4
22.0
17.6
612.1
652.5
647.4
657.4
666.6
681.5
691.8
700.1
Contributions for social insurance
1,705.0 1,750.2 1,732.2 1,743.1 1,797.7 1,776.0 1,813.9 1,836.1
Consumption expenditures
453.7
470.8
460.2
471.3
487.0
478.7
499.0
489.9
731.0
720.2
10.8
746.1
734.5
11.6
742.8
732.9
10.0
745.0
735.9
757.7
738.8
779.0
9.1
18.9
763.2
754.9
8.3
785.0
773.8
11.3
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by
government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Current surplus or deficit
(-), national income
and product accounts
Social insurance funds
Other
229.3 221.4
234.0
238.8
235.0
240.9
251.2
267.1
284.0
262.2
279.0
182.4
96.6
261.8
279.4
178.8
100.6
265.0
284.5
180.2
104.3
260.3
281.5
173.9
107.6
257.5
277.4
169.4
108.0
16.8
17.6
19.6
21.2
19.9
278.8 264.7
297.4 281.8
206.2 186.7
91.1
95.1
191.3
92.6
18.5
17.1
16.9
32.4
34.5
39.3
43.5
40.7
44.6
30.5
34.8
52.3
57.2
34.1
40.3
34.6
41.1
52.5
58.6
2.2
4.2
3.9
4.3
4.9
6.2
6.5
6.1
0
0
0
0
0
Federal grants-in-aid
Current expenditures
0
49.0
124.4
117.5
147.3
143.3
235.8
240.9
254.3
56.9
-7.9
90.7
33.7
86.1
31.4
94.8
52.5
103.3
40.0
106.6
129.3
104.1
136.9
111.5
142.8
52.6
117.1
108.7
135.6
131.6
224.4
227.0
241.4
49.0
124.4
117.5
147.3
143.3
235.8
92.8
92.0
93.4
95.0
97.2
-3.6
86.9
-3.2
97.8
-5.9
99.0
-2.4
104.5
-7.0
101.3
-5.7
-3.8
98.1
-1.1
-.2
240.9
254.3
100.9
-8.3
105.5
-7.8
104.5
1.6
9.6
9.6
9.5
9.5
9.7
9.9
10.0
229.3
221.4
234.0
238.8
235.0
240.9
251.2
1,030.6 1,092.7 1,082.9 1,102.9 1,121.0 1,143.9 1,161.6 1,179.6
808.4
855.0
847.2
863.1
877.4
897.5
911.3
925.7
Transfer payments to persons ...
234.1
252.0
249.7
254.5
258.5
261.6
265.6
269.6
-.6
73.9
-3.0
75.1
-2.7
75.0
-3.3
75.3
-3.6
75.7
-4.2
76.1
-4.6
76.4
-4.9
76.8
74.5
78.1
77.7
78.6
79.3
80.2
81.0
81.8
.4
.4
.4
.4
.4
.4
.4
.4
-10.9
-11.0
-11.0
-11.0
-10.9
-10.6
-10.4
-10.4
.4
.5
.5
.5
.5
.5
.5
.5
11.3
11.4
11.4
11.4
11.4
11.1
10.9
10.9
0
0
0
0
0
o
o
o
41.7
50.0
38.0
47.4
66.6
52.0
60.1
64.2
.4
-.4
-.4
-.5
-.6
-.5
-.4
-.4
41.3
50.4
38.3
47.9
67.2
52.5
60.6
64.6
-22.4
-22.1
-29.3
-19.9
-9.9
-32.3
-14.4
-11.0
41.7
50.0
38.0
47.4
66.6
52.0
60.1
64.2
99.5
106.8
105.8
107.7
109.9
112.7
115.6
118.2
36.0
191.9
40.0
210.9
40.4
205.4
42.1
209.0
41.6
219.8
44.2
232.9
44.5
226.4
44.2
229.1
7.7
8.1
8.0
8.1
8.2
8.3
8.4
8.4
Net interest paid
Interest paid
Less: Interest received by
government
Less: Dividends received by
government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Social insurance funds
Other
Addenda:
Net lending or net borrowing
(-)
88.4
10.0
209.1
Consumption expenditures
Current surplus or deficit
(-), national income
and product accounts
Addenda:
Net lending or net borrowing
Current surplus or deficit
(-), national income and
product accounts
Plus: Consumption of fixed
capital
Plus: Capital transfers
received (net)
Less: Gross investment
Less: Net purchases of
nonproduced assets
III
249.7
194.8
35.1
19.8
96.4
61.5
19.6
15.4
209.1
II
234.9
182.8
33.1
19.1
Indirect business tax and nontax
accruals
....
Sales taxes .
Property taxes
Other
769.9
9.1
I
IV
III
1,072.3 1,142.7 1,120.8 1,150.3 1,187.6 1195.9 1,221.7 1,243.8
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Transfer payments (net)
To persons
To the rest of the world (net)
Grants-in-aid to State and local
governments
II
Current receipts
2000
1999
1999
1,754.0 1,874.6 1,849.6 1,890.3 1,941.0 2,011.9 2,054.8 2,090.4
Personal tax and nontax receipts
Income taxes
Nontaxes
Indirect business tax and nontax
accruals
Excise taxes
Customs duties
Nontaxes
Seasonally adjusted at annual rates
2000
1999
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
D-10 • National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 3.7.—Government Consumption Expenditures and Gross
Investment by Type
Table 3.8.—Real Government Consumption Expenditures and Gross
Investment by Type
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Government consumption
expenditures and
gross investmentl
2000
1999
1999
1998
1,540.9 1,634.4 1,610.9 1,642.4 1,688.8 1,710.4 1,742.2 1,749.2
Government consumption
expenditures and
gross investmentl
540.6
568.6
558.3
570.4
591.6
580.1
604.5
594.4
349.2
299.7
355.3
302.2
22.6
7.6
271.9
367.5
312.2
24.0
10.0
278.2
380.8
324.7
22.3
8.6
293.8
366.6
375.1
311.2
22.4
10.8
381.9
325.7
22.2
10.5
•271.5
365.0
311.2
22.4
8.1
280.7
277.9
292.9
319.6
21.9
10.1
287.7
131.1
133.2
132.9
133.4
132.8
137.0
137.2
139.1
62.3
78.1
49.5
5.4
44.0
63.1
84.4
53.8
5.3
48.5
62.9
76.2
53.1
5.4
47.8
63.2
81.6
55.4
5.3
50.1
63.8
97.2
56.1
5.2
50.8
64.5
76.4
55.4
4.7
50.6
65.0
90.8
56.2
4.5
51.7
65.7
82.9
55.4
4.6
50.9
191.4
154.0
-.2
8.9
203.5
159.6
1.3
9.4
203.0
158.0
1.3
9.0
202.8
159.1
1.2
9.0
210.7
162.3
1.3
10.4
213.5
167.5
1.3
9.7
222.6
173.3
1.3
9.5
219.3
170.3
1.1
10.1
.6
8.3
145.3
1.1
8.2
148.9
.7
8.2
147.7
.7
8.2
149.0
2.0
8.4
150.7
1.1
8.7
156.5
1.0
8.5
162.5
1.5
8.6
159.0
82.3
87.2
86.7
86.5
87.8
92.9
97.0
93.4
21.2
41.8
37.4
11.1
26.3
24.2
37.5
44.0
11.0
33.0
23.7
37.2
45.0
10.5
34.5
24.6
38.0
43.7
10.6
33.1
25.5
37.4
48.5
11.6
36.8
26.6
36.9
46.0
10.9
35.1
27.7
37.7
49.3
10.6
38.7
28.8
36.9
49.0
10.6
38.5
Nondefense
Consumption expenditures
Durable goods2
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
general government
employees, except
own-account
investment3
Consumption of
general government
fixed capital 4
Other services
Gross investment
Structures
Equipment and software
1,000.3 1,065.8 1,052.6 1,072.1 1,097.3 1,130.4 1,137.7 1,154.9
State and local
808.4 855.0 847.2 863.1 877.4 897.5 911.3 925.7
Consumption expenditures
2
16.0
17.2
16.9
16.4
16.6
15.8
15.9
15.0
Durable goods
94.2
97.4 105.1 107.6 111.0
89.3
91.3
83.6
Nondurable goods
709.8 747.7 742.1 752.9 763.7 775.8 786.8 797.4
Services
Compensation of general
government
employees, except
own-account
596.4 624.1 620.0 627.9 635.4 643.5 650.2 657.2
investment3
Consumption of general
government fixed
85.7
83.7
92.9
90.5
82.1
88.0
83.0
76.9
capital4
47.4
42.6
46.1
40.0
.41
44.4
40.6
36.5
Other services
191.9 210.9 205.4 209.0 219.8 232.9 226.4 229.1
Gross investment
166.8
163.9
153.0 154.8
175.0 166.2
144.0 157.
Structures
62.4
56.0
60.1
52.4
54.
57.9
53.4
48.0
Equipment and software ....
State and local
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of general
government
employees, except
own-account
investment3
Consumption of general
government fixed
capital 4
Other services
Gross investment
Structures
Equipment and software ....
Federal
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
own-account
investment3
Consumption of
general government
fixed capital 4
Other services
Gross investment
Structures
Equipment and software
Nondefense
Consumption expenditures
Durable goods2
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
general government
employees, except
own-account
investment3
Consumption of
general government
fixed capital 4
Other services
Gross investment
Structures
Equipment and software
Addenda:
Compensation of general
government employees 3 ....
Federal
State and local
21.3
7.0
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
Residual
818.9
215.1
603.8
854.7
222.
632.5
850.0
221.7
628.2
222.0
636.3
866.4
222.4
644.0
883.6
231.7
651.9
894.4
235.9
658.
900.1
234.3
665.8
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero
net return on these assets.
Federal
Addenda:
Compensation of general
government employees 3 ....
Federal
State and local
1999
1999
2000
1,486.4 1,536.1 1,519.9 1,537.8 1,569.5 1,565.1 1,583.7 1,577.7
526.9
540.1
532.1
541.0
558.1
537.1
558.8
545.8
341.7
340.3
286.4
350.4
294.1
24.4
10.6
360.9 341.5
304.0 285.7
22.5 22.6
346.2
290.6
8.0
261.3
348.5
293.8
22.7
8.9
262.5
255.1
124.3
121.0
62.4
74.7
51.0
5.1
45.9
259.7
8.7
273.0
10.2
253.4
355.1
298.4
22.3
10.0
266.4
120.9
121.2
120.2
119.7
119.8
120.8
62.7
78.9
55.0
4.8
50.3
62.6
71.7
54.3
4.9
49.5
62.8
76.0
56.6
4.8
52.0
62.9
90.1
57.2
4.7
52.7
63.2
70.6
56.3
4.2
52.4
63.4
83.4
57.0
4.0
53.4
63.7
75.6
56.0
4.0
52.3
185.2
147.2
0
9.3
191.5
147.5
1.5
10.0
191.6
146.6
1.6
9.4
190.5
146.8
1.4
9.5
197.1
148.9
1.5
11.4
195.4
150.0
1.6
10.7
203.6
155.4
1.6
10.2
199.4
8.4
138.2
2.0
8.1
136.9
1.3
8.2
136.2
1.5
8.0
136.6
3.4
8.0
137.6
2.6
8.1
139.2
2.3
8.0
144.8
3.4
7.9
140.9
76.7
77.2
77.0
76.3
77.2
78.8
82.8
79.3
21.5
40.0
38.2
10.5
27.8
24.4
35.5
44.7
10.1
35.0
24.0
35.4
45.7
9.7
36.6
24.8
35.9
44.4
9.7
35.1
25.6
35.1
49.1
10.5
39.1
26.
34.
46.0
9.8
36.7
27.
34.8
49.0
9.5
40.2
28.2
33.8
48.3
9.3
39.7
959.2
987.5
791.2
16.0
92.7
683.1
797.6
16.2
94.0
688.1
803.7
16.5
95.3
669.2
995.6
794.6
16.1
93.4
685.8
559.6
567.5
566.3
75.8
33.7
186.7
135.!
51.6
80.6
37.7
201.2
143.2
58.9
-1.
769.1
202.6
566.6
290.7
21.5
772.6
15.1
88.6
22.9
8.7
21.9
9.0
260.0
151.9
1.3
11.3
996.4 1,011.2 1,027.4 1,024.6 1,031.4
692.5
809.8
16.8
96.5
697.3
815.1
17.0
97.7
701
820.6
17.3
98.9
705.3
568.6
570.2
573.1
575.0
577.3
80.0
36.9
196.4
139.6
57.7
81
38.2
199.0
140.:
60.0
82.6
39.8
207.9
146.9
62.1
84.1
40.3
218.2
155.2
64.0
85.6
40.9
209.8
145.5
66.3
87.1
41.2
211.0
144.9
68.4
-4.4
-4.v
-5.2
-6.1
-6.1
-7.1
-7.6
774.9
199.9
575.1
773.6
199.8
573.8
775.4
199.3
576.2
777.0
199.0
578.0
780."
200.1
580.6
786/
204.3
582.3
786.7
201.8
584.8
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, excluding the
lines in the addenda.
See footnotes to table 3.7.
Chain-type quantity indexes for the series in this table are shown in table 7.11.
Contributions to percent change in real government consumption expenditures and gross investment are shown
in table 8.6.
December 2000
National Data
SURVEY OF CURRENT BUSINESS
D-ll
Table 3.10.—National Defense Consumption Expenditures and Gross
Investment
Table 3.11.—Real National Defense Consumption Expenditures and
Gross Investment
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1998
1999
Seasonally adjusted at annual rates
2000
1998
National defense
consumption
expenditures and
gross investment'
National defense
consumption
expenditures and
gross investment' ....
349.2
365.0
355.3
367.5
380.8
366.6
381.9
375.1
Consumption expenditures ...
299.7
311.2
302.2
312.2
324.7
311.2
325.7
319.6
21.3
10.2
2.3
.9
1.0
2.3
4.6
22.4
10.9
2.2
1.0
.8
2.6
4.9
22.6
11.2
2.1
1.0
.9
2.7
4.8
24.0
11.9
2.3
1.0
.8
2.9
5.0
22.3
10.5
2.2
2.7
5.2
22.4
10.7
1.9
1.5
.7
2.9
4.8
22.2
9.7
2.2
1.5
•8
3.0
5.0
21.9
10.3
2.2
1.5
.8
2.6
4.5
Durable goods2
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
7.0
8.1
7.6
10.0
8.6
10.8
10.5
10.1
Nondurable goods
2.1
1.8
3.1
2.6
1.9
3.7
2.4
1.8
3.4
3.8
2.3
3.9
2.6
1.8
4.3
3.8
1.6
5.4
3.7
1.5
5.4
4.5
2.0
3.6
271.5
280.7
271.9
278.2
293.8
277.9
292.9
287.7
Durable goods2
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods .
Services
Compensation of general
government employees,
except own-account
investment3
Military
Civilian
Consumption of general
government fixed
capital4
Other services
Research and
development
Installation support
Weapons support
Personnel support
Transportation of
material
Travel of persons
Other
Gross investment
Structures
Equipment and software ...
Aircraft
Missiles
Ships
Vehicles
Electronics and software .
Other equipment
Addendum:
Compensation of general
government employees 3 .
131.1
83.6
47.5
133.2
85.0
48.2
132.9
84.6
48.2
133.4
85.1
48.3
132.8
85.1
47.7
137.0
87.9
49.1
137.2
87.8
49.4
139.1
89.6
49.5
62.3
78.1
63.1
84.4
62.9
76.2
63.2
81.6
63.8
97.2
64.5
76.4
65.0
90.8
65.7
82.9
20.7
23.0
8.6
19.2
19.0
25.8
8.7
24.1
15.0
24.1
8.4
21.1
18.1
25.1
8.6
24.0
23.2
30.1
9.1
28.9
14.5
25.6
8.0
23.5
20.4
28.1
9.3
26.3
18.2
24.6
4.6
3.6
-1.7
4.8
3.8
5.2
3.9
4.6
3.8
4.5
3.5
4.5
3.4
4.5
3.3
4.5
3.3
-1.8
-1.5
-2.7
-2.0
-3.0
-1.2
-2.0
49.5
53.8
53.1
55.4
56.1
55.4
56.2
55.4
5.4
5.3
5.4
5.3
4.7
4.5
4.6
44.0
5.6
3.3
6.4
1.5
13.4
13.8
48.5
7.0
2.8
6.8
1.6
15.6
14.7
47.8
6.7
2.7
6.6
1.7
16.0
14.0
50.1
5.2
50.8
6.5
2.9
7.1
2.0
16.3
16.0
50.6
9.1
2.0
6.0
1.9
17.6
14.1
51.7
6.7
2.4
6.8
2.0
18.9
14.9
50.9
7.9
2.0
6.7
9.1
2.8
6.5
1.4
16.5
13.8
9.4
24.9
1.9
19.4
13.0
131.7
133.7
133.6
134.1
133.4
137.8
138.0
140.0
,
,
Petroleum products
,
Ammunition
Other nondurable goods ..
Services
Compensation of general
government employees,
except own-account
investment3
Military
Civilian
Consumption of general
government fixed
capital4
Other services
Research and
development
Installation support
,
Weapons support
,
Personnel support
,
Transportation of
material
Travel of persons
Other
Gross investment.
Structures
Equipment and software ...
Aircraft
4
Missiles
Ships
Vehicles
Electronics and software .
Other equipment
Residual
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addendum.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero
net return on these assets.
Consumption expenditures ...
Addendum:
Compensation of general
government employees3
1999
1999
2000
341.7
348.5
340.3
350.4
360.9
341.5
355.1
346.2
290.7
293.8
286.4
294.1
304.0
285.7
298.4
290.6
21.5
10.4
2.3
.9
.9
2.5
4.6
22.7
11.0
2.2
1.0
.7
2.9
4.9
22.9
11.4
2.1
1.1
.7
3.0
4.8
24.4
12.1
2.3
1.1
.7
3.2
5.0
22.5
10.6
2.1
.9
.7
3.0
5.2
22.6
10.8
1.9
1.5
.5
3.2
4.8
22.3
9.8
2.2
1.5
.6
3.4
5.0
21.9
10.3
2.2
1.5
.6
3.0
4.5
8.0
8.9
8.7
10.6
8.7
10.2
10.0
9.0
3.0
1.9
3.1
3.3
1.9
3.6
3.4
1.9
3.4
4.5
2.3
3.8
2.6
1.8
4.2
3.1
1.6
5.3
3.1
1.6
5.2
3.3
2.1
3.4
261.3
262.5
255.1
259.7
273.0
253.4
266.4
260.0
124.3
80.1
44.2
121.0
78.5
42.5
120.9
78.2
42.7
121.2
78.8
42.4
120.2
78.5
41.8
119.7
78.5
41.3
119.8
78.4
41.5
120.8
79.3
41.6
62.4
74.7
62.7
78.9
62.6
71.7
62.8
76.0
62.9
90.1
63.2
70.6
63.4
83.4
63.7
75.6
19.8
22.3
8.1
17.8
17.9
24.6
8.0
14.3
23.1
7.8
18.9
17.1
23.7
13.5
24.3
7.2
20.5
18.9
26.4
8.3
23.0
16.7
23.0
8.4
21.7
21.3
21.7
28.5
8.2
25.2
3.5
-1.5
4.8
3.7
-1.1
5.2
3.8
4.6
3.6
4.5
3.5
4.5
3.2
4.4
3.1
4.3
3.1
-1.4
-2.4
-1.8
-2.7
-1.0
-1.8
51.0
55.0
54.3
56.6
57.2
56.3
57.0
56.0
5.1
4.8
4.9
4.8
4.7
4.2
45.9
6.2
3.5
6.4
1.5
14.5
13.8
50.3
7.2
3.0
6.8
1.6
17.2
14.7
49.5
6.8
2.9
6.7
1.7
52.0
9.3
2.9
6.5
52.7
6.5
3.1
7.0
1.9
18.1
16.1
52.4
9.4
1.9
19.2
14.0
-1.4
4.0
53.4
7.1
2.6
6.6
2.1
20.4
14.8
4.0
52.3
8.4
2.2
6.5
2.0
20.7
12.9
-1.3
-1.4
120.4
120.5
121.6
21.4
-.2
124.7
121.5
17.6
7.9
1.5
18.1
13.8
14.0
-1.3
-1.3
121.5
121.7
120.7
2.1
5.9
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.
Chain-type indexes for the series in this table are shown in table 7.12.
See footnotes to table 3.10.
D-12 • National Data
December 2000
SURVEY OF CURRENT BUSINESS
4. Foreign Transactions.
Table 4.1.—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Real Exports and Imports of Goods and Services and
Receipts and Payments of Income
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1998
1999
1999
1999
2000
1999
III
Receipts from the rest of
the world
1,251.4 1,296.1 1,268.9 1,314.0 1,362.2 1,402.8 1,468.3 1,510.6
Exports of goods and services ...
Goods l
Durable
Nondurable
Services'
966.0
682.0
487.6
194.4
284.0
990.2
699.2
504.5
194.7
291.0
973.0
682.1
492.0
190.0
290.9
999.5 1,031.0 1,051.9 1,092.9 1,135.1
708.9 734.6 747.5 783.6 819.8
511.6 528.4 538.1 569.3 593.0
197.3 206.1 209.4 214.3 226.8
290.7 296.4 304.4 309.2 315.3
Income receipts
285.4
305.9
295.9
314.4
Payments to the rest of
the world
331.2
350.9
375.4
375.5
1,251.4 1,296.1 1,268.9 1,314.0 1,362.2 1,402.8 1,468.3 1,510.6
Imports of goods and services ... 1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3 1,521.2
930.5 1,048.6 1,020.4 1,081.7 1,127.3 1,176.1 1,233.9 1,295.9
Goods !
636.1 715.4 699.9 732.5 758.7 783.8 818.8 851.5
Durable
294.3 333.2 320.5 349.3 368.6 392.3 415.1 444.4
Nondurable
187.0 195.6 193.0 198.3 202.8 211.0 214.4 225.3
Services!
Income payments
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
288.9
316.9
305.6
328.0
344.6
358.6
383.7
387.7
44.1
24.0
48.1
26.6
11.6
9.9
46.3
26.7
10.0
45.7
26.6
9.1
10.0
57.0
27.6
18.9
10.5
47.8
28.5
8.3
11.0
48.9
28.3
9.1
11.4
51.4
29.4
11.3
10.8
10.8
9.3
9.7
-199.1 -313.2 -296.5 -339.8 -369.6 -390.7 -412.5 -449.7
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
Exports of goods and services
Goods'
Durable
Nondurable
Services'
Income receipts
Imports of goods and services
Goods l
Durable
Nondurable
Servicesl
Income payments
1,003.6
723.6
514.0
209.6
280.3
1,033.0
752.2
538.7
213.4
281.7
1,017.6
735.7
525.3
210.4
282.3
278.7
294.1
285.4
2000
IV
I
1,042.6 1,068.4 1,084.8 1,121.8 1,162.7
763.4 786.5 798.1 833.5 872.1
547.8 564.2 575.3 608.1 632.3
215.5 222.1 222.7 225.4 239.7
280.5 283.7 288.5 291.0 294.4
301.9
316.2
332.0
353.2
351.1
1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,587.7
1,032.0 1,161.1 1,139.9 1,190.5 1,222.5 1,255.3 1,313.9 1,365.4
700.4 802.6 785.0 824.3 854.4 880.5 920.8 960.2
331.8 358.8 355.0 366.5 369.1 376.2 394.5 407.2
192.6 195.9 193.7 196.7 200.6 208.4 213.7 224.7
279.3 301.5
291.8
312.0
325.0
335.8
357.9
359.6
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
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.
National Data
SURVEY OF CURRENT BUSINESS
December 2000
D-13
Table 4.3.—Exports and Imports of Goods and Services by Type of
Product
Table 4.4.—Real Exports and Imports of Goods and Services by Type of
Product
[Billions of dollars].
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Exports of goods and
services
Exports of goods !
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals,
and parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Exports of services'
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods and
services
Imports of goods *
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals,
and parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Imports of servicesl
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
goods
1998
2000
1998
1999
1999
966.0
682.0
46.4
990.2 973.0
699.2 682.1
45.5 45.1
999.5 1,031.0 1,051.9 1,092.9 1,135.1
708.9 734.6 747.5 783.6 819.8
47.1
47.8 46.3
50.1
47.3
142.8
53.7
89.1
141.8
53.8
87.9
137.5
52.5
85.0
143.0
53.9
89.2
153.1
57.3
95.8
157.6
60.7
96.9
163.3
63.0
100.3
172.1
64.0
108.0
300.1
311.8
302.9
317.8
325.3
326.3
356.9
376.0
53.5
52.9
50.1
53.0
53.0
43.6
52.9
50.0
45.2
201.3
46.7
212.1
46.6
206.2
47.8
216.9
47.7
224.5
51.2
231.5
55.4
248.7
58.5
267.5
80.1
80.8
73.2
75.8
75.1
77.4
77.5
80.3
79.3
40.5
38.7
40.2
284.0
80.8
41.4
39.4
43.6
291.0
79.5
40.5
39.0
42.0
290.9
80.7
41.4
39.2
42.2
290.7
83.6
44.0
39.6
48.8
296.4
87.3
46.3
41.0
49.0
304.4
88.5 91.4
45.6 47.5
42.9 44.0
47.5 49.4
309.2 315.3
16.7
71.3
20.1
25.6
36.2
90.9
23.2
15.4
74.9
19.8
27.0
36.5
96.5
21.0
17.3
74.3
19.6
26.8
36.6
95.1
21.3
14.7
74.8
20.4
26.9
36.4
97.1
20.3
13.3
77.9
19.8
28.4
36.4
100.5
20.1
13.0
79.0
20.0
28.8
37.0
105.7
20.9
13.6
80.3
20.1
29.3
38.3
106.1
21.5
13.0
83.1
20.8
29.9
38.9
107.7
21.9
1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3 1,521.2
930.5 1,048.6 1,020.4 1,081.7 1,127.3 1,176.1 1,233.9 1,295.9
47.3
45.6
44.6
44.6
43.6 44.0
43.6
41.2
142.6
75.8
66.8
50.9
148.6
78.9
69.7
67.8
143.9
77.1
66.8
63.8
151.7
79.6
72.2
79.6
159.4
84.1
75.3
85.7
165.2
89.0
76.2
108.0
168.6
89.9
78.7
117.1
177.4
89.7
87.7
126.8
269.6
297.1
291.9
302.6
314.7
324.3
348.5
367.7
21.8
23.8
23.0
25.6
24.1
23.2
24.9
26.9
72.5
175.3
81.5
191.9
82.0
186.8
82.0
195.0
83.8
206.8
83.8
217.2
89.9
233.7
95.0
245.9
149.1
179.4
174.6
186.8
188.0
193.3
195.4
203.4
216.7
111.5
105.2
60.5
187.0
12.2
56.5
20.0
30.4
11.7
49.1
7.1
239.6
123.8
115.8
72.5
195.6
13.7
59.4
21.4
34.1
13.3
46.7
7.2
233.2
121.6
111.7
243.7
126.9
116.8
73.3
198.3
14.5
59.2
21.4
35.8
13.3
46.7
7.4
253.1
131.0
122.1
81.8
202.8
13.4
61.1
22.3
36.9
14.6
47.4
7.1
260.6
137.1
123.5
80.0
211.0
13.6
63.4
23.3
276.6
143.9
132.7
82.1
214.4
280.6
144.2
136.4
13.8
64.5
24.0
38.8
15.6
50.5
7.3
13.9
66.6
69.3
193.0
13.5
58.9
21.1
32.7
T2.9
46.9
7.0
37.9
15.1
50.4
7.3
92.7
225.3
25.1
40.8
18.7
52.8
7.4
53.1
49.6
48.9
52.7
50.0
52.5
52.8
55.8
628.9
649.6
633.1
656.2
684.6
695.0
730.8
764.0
879.6
956.6 1,002.1 1,041.6 1,068.0 1,116.8 1,169.1
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods.
Exports of goods and
services
Exports of goods1
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'
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Residual
Imports of goods and
services
Imports of goods l
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals,
and parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Imports of servicesl
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Residual
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
goods
1999
1999
2000
1,003.6 1,033.0 1,017.6 1,042.6 1,068.4 1,084.8 1,121.8 1,162.7
723.6 752.2 735.7 763.4 786.5 798.1 833.5 872.1
64.7
59.4 58.9
59.8 58.4
55.7
56.6
55.1
151.5
56.5
95.0
152.8
58.1
94.6
150.7
57.0
93.7
153.1
58.3
94.8
160.4
61.5
98.9
161.7
64.6
97.3
165.4
66.7
98.9
173.4
67.7
105.7
324.5
342.6
332.2
350.6
358.4
361.2
395.5
415.5
51.1
49.4
46.9
49.5
49.0
39.9
47.8
44.7
59.9
212.7
68.3
225.9
67.5
219.3
71.0
231.5
71.2
239.5
78.0
248.0
85.6
266.4
90.9
285.9
72.5
74.6
74.1
76.2
76.0
78.6
78.2
78.8
78.7
40.2
38.4
41.6
280.3
80.4
41.3
39.1
45.6
281.7
79.2
40.5
38.7
44.1
282.3
80.4
41.4
39.0
44.3
280.5
83.1
43.9
39.2
50.6
283.7
86.6
46.0
40.5
50.7
288.5
87.8
45.2
42.6
49.0
291.0
90.6
47.0
43.6
51.2
294.4
17.5
68.9
21.1
26.4
35.3
91.2
20.1
.1
15.3
70.5
19.2
27.7
35.0
96.6
17.8
-2.6
17.3
70.0
19.3
27.6
35.2
94.9
18.3
-2.5
14.7
70.0
19.7
27.1
34.9
97.1
17.5
-4.2
13.2
72.4
18.8
28.3
34.7
100.6
16.4
-4.2
13.0
72.3
19.2
28.0
34.9
104.4
17.5
-7.5
13.7
72.0
19.0
28.0
36.0
104.5
18.4
-9.1
13.1
74.2
19.5
27.7
36.3
105.4
18.8
-12.5
1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,587.7
1,032.0 1,161.1 1,139.9 1,190.5 1,222.5 1,255.3 1,313.9 1,365.4
47.4
47.1
45.9
46.1
42.2
48.8
47.3
51.1
150.1
78.1
71.9
81.4
157.3
81.1
76.1
81.5
154.7
80.1
74.6
85.4
159.2
80.7
78.5
84.1
164.7
85.3
79.4
76.5
166.7
86.9
79.6
81.7
165.4
87.1
78.2
88.2
170.1
87.4
82.5
86.9
328.3
378.2
370.1
389.2
406.0
419.9
453.6
481.5
20.7
22.1
21.5
23.8
22.3
21.4
22.7
24.3
101.2
206.7
130.5
229.2
130.3
222.5
134.9
234.1
138.6
249.0
139.5
262.5
153.0
282.4
163.0
299.1
148.6
177.6
173.0
184.7
185.7
190.6
192.0
199.7
222.3
117.1
105.3
60.9
192.6
13.7
59.1
18.6
31.6
11.4
50.9
7.2
247.6
131.6
116.1
73.1
241.2
129.3
112.1
70.0
193.7
261.8
139.6
122.3
82.2
200.6
270.5
146.8
124.0
80.2
208.4
15.2
65.5
20.5
32.9
14.3
53.1
7.1
288.2
154.6
133.8
82.2
213.7
292.6
155.1
137.6
15.6
68.5
20.8
33.6
14.6
53.5
7.1
16.1
72.3
21.4
34.7
17.5
55.6
7.2
-7.4
-11.5
-16.1
-2.0
49.3
7.0
-5.4
6.9
-6.2
252.3
135.2
117.3
73.9
196.7
15.8
60.6
19.2
31.7
12.7
49.5
7.2
-5.8
62.6
63.1
62.5
67.7
64.1
67.8
67.5
73.7
660.7
688.5
672.8
695.7
721.4
729.8
764.9
797.8
195.9
14.9
60.6
19.4
31.8
12.7
15.0
60.4
19.1
31.1
12.4
48.8
14.4
62.0
20.2
32.1
13.9
51.0
6.9
-7.9
92.3
224.7
1,076.7 1,051.7 1,103.1 1,143.8 1,170.2 1,221.1 1,276.3
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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.
Chain-type quantity indexes for the series in this table are shown in table 7.10.
Contributions to the percent change in real exports and in real imports of goods and services are shown in
table 8.5.
See footnotes to table 4.3.
D-14 • National Data
SURVEY OF CURRENT BUSINESS
December 2000
5. Saving and Investment.
Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1999
1998
2000
IV
Gross saving
I
1,654.4 1,717.6 1,691.7 1,716.8 1,746.3 1,777.0 1,844.5 1,852.8
Gross private saving
Personal saving
Undistributed corporate profits with inventory valuation and capital consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate consumption of fixed capital
Noncorporate consumption of fixed capital
Wage accruals less disbursements
Gross government saving
Federal
i
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
1,375.7 1,343.5 1,338.5 1,321.1 1,331.4 1,279.2 1,328.8 1,315.2
265.4 147.6 163.6 121.1 101.0
11.0
20.6 -17.2
218.9 229.4 218.7 214.0 241.7 262.7 278.5 279.2
162.1 196.4 186.5 190.9 219.3 247.1 257.4 254.0
17.0
-9.1
-8.9 -19.7 -19.2 -25.0 -13.6
-4.7
39.9
42.1
41.2
34.7
42.7
41.6
40.6
29.9
624.3 676.9 670.7 687.7 694.8 711.5 731.1 749.9
265.1 284.5 280.3 293.1 288.7 294.1 298.7 303.3
2.1
5.2
5.2
5.2
5.2
0
0
0
278.7
137.4
88.4
49.0
141.2
99.5
41.7
.....
Gross investment
374.0
217.3
92.8
124.4
156.8
106.8
50.0
353.3
209.5
92.0
117.5
143.7
105.8
38.0
395.7
240.6
93.4
147.3
155.1
107.7
47.4
414.9
238.4
95.0
143.3
176.6
109.9
66.6
497.7
333.0
97.2
235.8
164.7
112.7
52.0
515.7
339.9
98.9
240.9
175.8
115.6
60.1
537.6
355.2
100.9
254.3
182.4
118.2
64.2
1,629.6 1,645.6 1,614.9 1,627.3 1,678.5 1,699.3 1,771.9 1,756.3
Gross private domestic investment
Gross government investment
Net foreign investment
1,549.9 1,650.1 1,607.9 1,659.1 1,723.7 1,755.7 1,852.6 1,872.4
278.8 308.7 303.5 308.0 324.4 334.2 331.9 333.6
-199.1 -313.2 -296.5 -339.8 -369.6 -390.7 -412.5 -449.7
Statistical discrepancy
Addendum:
Gross saving as a percentage of gross national product..
-24.8
-71.9
-76.8
-S9.5
-67.8
-77.7
-72.5
-96.5
18.8
18.5
18.4
18.4
18.3
18.2
18.6
18.5
Table 5.4.—Private Fixed Investment by Type
Table 5.5.—Real Private Fixed Investment by Type
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1998
IV
Private fixed investment
Nonresidential
Seasonally adjusted at annual rates
2000
1999
1999
1998
I
1,472.9 1,606.8 1,593.4 1,622.4 1,651.0 1,725.8 1,780.5 1,805.0
1,107.5 1,203.1 1,188.0 1,216.8 1,242.2 1,308.5 1,359.2 1,392.5
283.2
285.6
283.7
281.2
290.4
308.9
315.1
330.2
202.3
44.5
208.5
45.0
207.7
44.5
204.7
45.1
208.7
45.8
224.5
47.1
229.3
45.4
236.6
47.6
29.3
7.1
24.3
7.8
23.2
8.4
23.8
7.6
27.8
8.1
29.8
7.5
33.2
7.1
37.4
8.5
Equipment and software
Information processing
equipment and software
Computers and
peripheral equipment'
Software2
Other
Industrial equipment
Transportation equipment
Other
824.3
917.4
904.3
935.6
951.8
999.6 1,044.1 1,062.4
367.4
433.0
423.6
445.5
461.4
495.3
527.5
550.5
84.9
144.1
138.4
148.9
168.2
139.8
94.3
180.1
158.6
150.7
193.5
140.2
92.8
173.3
157.5
148.3
191.6
140.8
97.6
184.7
163.2
151.8
200.3
137.9
98.9
196.8
165.7
156.3
196.5
137.6
104.3
210.5
180.6
162.7
198.7
142.9
113.6
224.5
189.3
168.0
201.6
147.1
119.7
240.9
189.9
172.1
193.7
146.1
365.4
403.8
405.4
405.6
408.8
417.3
421.3
412.5
357.1
185.8
24.6
146.8
394.9
207.2
27.3
160.4
396.5
207.2
27.1
162.3
396.6
206.1
27.5
163.1
399.6
211.5
27.3
160.9
407.8
222.8
28.7
156.3
411.7
220.6
28.6
162.5
402.9
212.1
26.3
164.4
8.3
8.9
8.8
9.0
9.2
9.5
9.6
9.6
Structures
Single family
Multifamily
Other structures
Equipment
1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
2000
1999
III
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Residential
1999
IV
Private fixed investment
Nonresidential
1,485.3 1,621.4 1,607.1 1,637.8 1,666.6 1,730.9 1,777.6 1,791.9
1,140.3 1,255.3 1,237.5 1,272.5 1,301.8 1,365.3 1,412.5 1,439.4
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
263.0
259.2
258.7
254.6
260.6
274.0
277.0
286.8
189.1
43.0
187.4
43.5
187.7
43.2
183.2
43.6
185.1
44.0
196.5
44.9
199.5
42.8
204.0
44.8
24.4
6.7
21.5
7.3
20.6
7.9
21.3
7.1
24.6
7.5
26.1
6.9
28.4
6.5
30.5
7.7
Equipment and software
Information processing
equipment and software
Computers and
peripheral equipment!
Software2
Other
Industrial equipment
Transportation equipment
Other
879.0 1,003.1
Residential
Structures
Single family
Multifamily
Other structures
Equipment
Residual
985.0 1,026.6 1,050.1 1,100.4 1,146.6 1,162.7
431.6
542.2
526.9
561.1
587.9
629.4
669.1
696.1
149.3
151.0
140.7
146.9
168.0
136.7
217.3
188.0
163.1
147.8
191.8
135.6
208.5
181.1
161.3
145.7
189.0
136.2
230.9
192.5
168.1
148.9
199.1
133.3
243.8
205.3
171.6
152.8
195.9
132.8
264.1
215.0
187.3
158.9
197.3
138.0
297.3
224.5
196.6
164.0
199.2
141.4
322.9
235.2
197.5
167.8
190.5
139.9
346.1
368.3
370.9
368.0
368.5
371.4
372.6
362.3
337.7
175.9
21.7
140.2
359.2
187.6
23.2
148.5
361.9
188.5
23.1
150.4
358.8
185.6
23.3
150.1
359.2
188.8
23.0
147.5
361.8
195.8
23.8
142.0
362.9
193.5
23.6
145.7
352.7
185.1
21.6
146.0
9.7
9.8
8.3
9.1
9.0
9.2
9.3
9.7
-16.6
-50.3
-45.1
-58.4
-65.4
-75.4
-95.1 -111.4
1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.6.
Contributions to the percent change in real private fixed investment are shown in table 8.4.
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-15
Table 5.10.—Change in Private inventories by Industry Group
Table 5.11-—Real Change in Private Inventories by Industry Group
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1998
Change in private inventories
Farm
Nonfarm
Change in book value'
Inventory valuation adjustment2
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 dealers3
Other3
Nondurable goods
Other
Durable goods
Nondurable goods
1999
1999
Seasonally adjusted at annual rates
2000
43.3 14.5 36.7 72.7 29.9 72.0 67.4
-.2
1.2 -5.3
-2.5 -.1 -1.0
76.4 43.5 13.4 42.0 71.8 32.4 72.2 68.4
54.2 59.1 33.0 73.3 95.5 65.1 99.2 79.1
22.2 -15.6 -19.6 -31.3 -23.7 -32.7 -27.1 -10.8
3.4
7.4
24.7
9.9 16.9 20.5
-9.0
18.9
-.1 -7.7 3.1 3.2 6.3 10.8 15.3
-1.3
4.1
5.2
.2
6.1
5.8
3.6
21.6 16.7 14.4 21.9 17.9 21.0 32.1 25.3
15.7 12.5 13.1 11.9 14.6 16.7 23.0 12.8
3.3 4.3 9.1 12.5
5.9 4.2
1.3 10.0
19.2 15.3 10.3 19.6 19.9 15.7 28.4 18.3
13.7 11.2
6.8
8.3 10.6 16.7 11.9 20.6
3.2
5.5
4.1
9.1
2.0
3.8 7.8 11.5
2.4
4.2
2.3 -1.9
5.2 3.7
7.0
1.4
1.3 -2.1
2.0
4.9
4.8 2.4
6.0
1.3
.4
-.7
1.0
.2
.1
1.3
1.0
14.7 21.0
4.1 15.8 42.4 -4.5 22.1 18.3
8.1 14.2
1.0 12.9 27.7 -3.6 16.1 13.9
9.7 10.0
9.6 14.6 -6.4
2.2
7.5 -4.5
3.3 13.1 2.8
6.3 3.9
6.0
6.7 5.5
6.0 4.3
6.6
6.8 3.1 2.9 14.7 -.9
15.3
5.6 3.8
4.1
.9
6.1
1.1
4.3
3.0
.7 -1.5
-.3
1.3 -1.6
.1
2.0
12.3
5.0 5.3
1.2
4.8
2.6
4.1
2.1
77.0
.6
2000
1999
Change 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'
Other1
Nondurable goods
Other
Durable goods
Nondurable goods
Residual
80.2
1.2
78.7
25.6
19.5
6.1
22.6
16.2
6.4
20.0
14.1
5.9
2.5
2.1
.5
14.8
8.2
2.2
6.0
6.6
*..
16.0
3.0
12.9
.1
45.3
13.1
39.1
36.6
78.6
73.5
-5.0
44.9
.1
-1.1
14.1
-9.5
-6.1
-1.4
7.9 3.6
73.0 33.0
7.6 10.3
3.3 6.5
4.2 3.8
6.2
72.3
17.6
11.3
6.4
15.1
13.8
1.4
23.0
12.5
10.5
18.5
15.2
3.4
32.5
23.8
10.8
8.7
2.1
4.3
5.1
-.7
4.1
1.0
-4.6
5.5
3.0
4.2
-1.4
5.7
.3
20.6
11.1
20.6
17.4
3.3
-2.0
-2.2
.2
41.7
27.7
5.0
68.4
21.0
15.9
5.3
25.8
13.3
12.3
18.8
7.0
11.6
6.8
6.3
.8
17.9
14.0
10.0
3.9
4.1
-.1
.2
17.4
13.0
4.4
16.0
11.7
4.4
1.4
1.4
.1
20.8
14.2
7.6
6.7
6.7
6.1
.6
5.4
43.5
3.5
3.3
.2
9.5
2.4
1.4
1.0
15.7
13.0
9.7
3.3
2.9
1.1
-.3
1.4
14.7
13.0
14.2
4.2
1.9
2.2
.8
21.5
17.3
4.4
16.2
12.3
3.9
5.2
5.0
.4
-4.4
-3.6
-6.4
2.7
-.8
6.1
1.3
4.8
-.5
8.9
28.9
21.3
7.7
3.6
2.5
1.2
21.5
16.0
9.7
6.3
5.7
.9
-1.5
2.5
-7
4.0
.1
3.8
-.3
1. Inventories of auto and home supply stores are included in "other 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 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."
NOTE.—Chained (1996) dollar series for real change in private inventories are calculated as the period-to-period
change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the
corresponding chained-doliar estimates are usually not additive. The residual line is the difference between the first
line and the sum of the most detailed lines.
D-16 • National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 5.12.—Private Inventories and Domestic Final Sales of Business
by Industry Group
Table 5.13.—Real Private Inventories and Real Domestic Final Sales of
Business by Industry Group
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted quarterly totals
1999
Seasonally adjusted quarterly totals
1999
2000
2000
IV
Private inventoriesl
Farm
:
Nonfarrn
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 dealers2 ..
Other2
Nondurable goods
Other
Durable goods
Nondurable goods
Final sales of domestic business3
Final sales of goods and structures of
domestic business3
1,362.5 1,387.9 1,416.3 1,446.5 1,472.4 1,492.4
98.0
96.4 100.3 108.3 108.0 104.6
1,264.5 1,291.4 1,316.0 1,338.3 1,364.3 1,387.7
704.2 714.9 729.7 737.0 749.6 759.6
560.3 576.6 586.3 601.3 614.7 628.1
445.3 452.6 458.6 466.1 472.6 480.6
277.6 280.7 283.3 286.2 288.4 292.9
167.7 171.9 175.3 179.9 184.2 187.7
347.1 356.4 363.4 373.2 381.3 388.7
222.3 225.7 230.4 235.3 241.4 244.0
124.9 130.7 133.0 137.9 140.0 144.7
322.7 329.6
334.7
300.8 308.5 315.4
193.5 196.6 201.7 205.4 210.8 212.0
118.8
117.4
122.7
107.3 111.9 113.7
51.7
50.4
46.4
48.0
54.0
47.9
30.6
29.9
28.7
28.7
32.0
29.1
21.1
20.5
22.0
17.6
18.8
19.3
382.2
375.5
363.5
374.6
386.8
356.5
193.7 198.0 205.1 204.0 208.8 211.8
97.7 101.4 104.9 103.2 106.3 108.8
96.0
96.6 100.1 100.9 102.5 103.0
162.8 165.5 169.5 171.5 173.3 175,0
115.6 118.9 119.5 123.5 128.2 131.7
11.0
11.5
10.5
10.7
11.0
11.0
104.9 108.4 108.4 112.0 117.2 120.7
698.2
687.3
646.5 655.9
706.0
357.1
361.6
369.7
382.3
386.9
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
,
391.0
2.11
1.96
2.12
1.97
2.11
1.96
2.10
1.95
2.11
1.95
2.11
1.97
3.54
3.57
3.56
3.50
3.53
3.55
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.
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 dealers2
Other2
Nondurable goods
Other
Durable goods
Nondurable goods
Residual
Final sales of domestic business3
Final sales of goods and structures of
domestic business3
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
I
1,411.1 1,420.8 1,441.1 1,450.2 1,469.9 1,488.2
107.4 106.2 108.2 109.1 110.6 111.9
1,303.2 1,314.1 1,332.4 1,340.6 1,358.7 1,375.8
729.8 736.9 749.2 754.5 766.8 777.6
573.4 577.1 583.2 586.2 592.1 598.4
468.2 469.0 470.9 473.5 477.9 483.2
292.4 293.2 294.0 295.7 298.5 302.4
175.7 175.8 176.8 177.8 179.4 180.7
362.7 368.5 373.1 378.5 386.6 393.0
232.1 235.2 239.0 243.3 249.3 252.6
130.6 133.2 134.1 135.2 137.4 140.4
Private inventories'
314.5
201.9
112.5
48.2
30.2
18.1
353.6
324.8
209.0
115.7
48.3
30.0
18.3
368.0
205.1
328.8
212.1
116.7
49.6
31.2
18.5
336.0
340.7
217.4
219.2
121.5
52.2
33.4
19.0
376.7
211.7
108.9
119.1
10.2
108.8
.7
628.4
163.0
120.2
10.7
109.4
162.8
121.7
11.0
110.6
118.6
50.5
31.8
18.7
372.2
208.2
106.4
101.8
164.2
121.9
10.7
111,2
.9
639.6
.6
.5
651.3
657.7
662.2
352.8
357.3
364.8
375.1
377.3
380.7
2.27
2.10
2.26
2.09
2.25
2.08
2.23
2.06
2.23
2.07
2.25
2.08
3.69
3.68
3.65
3.57
3.60
3.61
194.9
99.5
,
319.6
204.7
114.9
48.8
30.5
18.3
357.5
198.2
101.9
95.4
158.7
118.9
10.3
108.5
.5
620.7
96.2
159.4
105.6
99.5
366.9
204.2
104.0
100.2
102.7
165.2
122.9
10.7
112.1
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are
at quarterly rates, whereas, the change in private inventories component of GDP is stated at annual rates.
2. Inventories of auto and home supply stores are included in "other durable goods."
3. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and of general government, and it includes a small amount of final
sales by farm and by government enterprises.
NOTE.—Chained (1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change
in inventories for 1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995
and 1996 end-of-year chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales
are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding
series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one
period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories.
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-17
6. Income and Employment by Industry.
Table 6.16C—Corporate Profits by Industry Group
Table 6.1 C—National Income Without Capital Consumption Adjustment
by Industry Group
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1998
National income without
capital consumption
adjustment
1999
1999
III
Corporate profits with inventory
valuation and capital
consumption adjustments
7,009.3 7,439.2 7,361.3 7,466.3 7,649.4 7,805.1 7,961.2 8,074.8
Domestic industries
7,012.8 7,450.2 7,371.0 7,479.9 7,662.8 7,812.7 7,969.4 8,087.0
Private industries
6,098.5 6,497.0 6,422.9 6,522.8 6,696.9 6,828.8 6,974.1 7,085.0
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
102.5
54.5
346.4
109.2
51.3
381.8
111.8
50.6
379.0
100.3
51.2
384.1
118.6
52.3
393.1
106.9
53.8
410.8
497.8
225.1
142.6
534.6
236.9
161.9
518.8
233.4
156.3
540.5
239.1
163.7
562.3
244.4
174.2
578.3
248.3
183.2
596.5
257.7
188.6
130.2
135.9
129.1
137.7
143.7
146.7
150.3
416.3
594.1
441.8
635.2
438.3
633.6
443.0
632.8
457.1
651.5
465.0
674.5
480.6
682.6
914.3
953.2
948.1
957.1
965.9
984.0
Rest of the world
-3.5
-11.0
-9.7
-13.6
-13.4
-7.7
NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification.
995.3 1,002.0
-8.3
-12.2
815.0 856.0 836.8 842.0 893.2 936.3 963.6 971.2
711.5 744.6 730.8 730.1 772.7 807.4 829.3 831.8
151.1 156.1 144.7 150.9 170.6 174.6 169.1 173.5
560.4 588.5 586.0 579.1 602.0 632.8 660.1 658.3
Rest of the world
103.5 111.4 106.0 111.9 120.5 128.9 134.3 139.4
Corporate profits with inventory
valuation adjustment
1,285.2 1,366.9 1,338.9 1,371.5 1,418.5 1,439.8 1,459.8
1,648.0 1,782.9 1,763.2 1,799.4 1,841.0 1,862.7 1,910.4
IV
Financial
Nonfinancial
Receipts from the rest of the world
Less: Payments to the rest of the world
1,153.7 1,193.3 1,188.8 1,200.1 1,202.5 1,237.0 1,257.2
672.7 704.6 702.0 708.8 716.1 726.0 735.6
481.0 488.7 486.8 491.3 486.5 510.9 521.6
Government
110.9
57.6
418.5
Domestic industries
2000
1999
1998 1999
2000
147.7 169.3 164.4 176.4
44.2 57.9 58.5 64.5
181.7J
61.2
194.8 206.8 206.1
66.0 72.5 66.7
775.1 813.9 795.6 799.3 851.5 895.7 928.8 941.3
702.5 689.6 687.4
172.0 160.5 167.2
25.8 24.9 25.6
146.2 135.5 141.5
530.4 529.2 520.2
181.6 184.8 179.8
92.2 94.0 90.0
2.0
2.9
2.6
18.3 18.5 18.0
731.0 766.8 794.5 801.9
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
671.6
164.8
24.7
140.1
506.8
177.4
85.4
6.5
17.2
Rest of the world
103.5 111.4 106.0 111.9 120.5 128.9 134.3 139.4
187.3
28.1
159.1
543.8
173.0
94.7
4.8
16.7
18.5
5.1
18.0
20.8
21.2
22.8
23.0
22.9
24.5
10.6
4.4
29.1
12.3
29.4
10.6
8.0
31.0
13.3
5.5
28.3
89.9
25.3
29.2
92.0
22.7
30.4
7.4
89.4
21.9
90.8
25.5
97.2
92.6
2.2
17.6
6.9
191.9 188.1 194.0
29.6 29.7 30.5
162.3 158.3 163.5
574.9 606.5 607.9
193.7 201.8
14.3
5.7
80.4
14.1
25.3
29.9 31.4 26.9
7.1
7.2
5.4
3.3
31.4 32.2 30.7 30.5 34.0
83.9 88.4 79.7 88.6 101.4
23.0 23.0 22.8 22.6 24.9
23.4 26.9 23.8 26.7 32.6
37.6 38.4 33.1 39.3 43.8
56.4 56.7 58.0 54.3 59.2
76.6 81.5 84.8 75.4 81.9
112.6 122.3 121.9 122.1 128.3
NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification.
16.1 16.4
6.1
6.2
28.3 30.3
99.0 104.6
21.0 20.3
32.7 37.9
10.4 15.4
34.8 30.9
101.9 103.9
22.6 28.2
35.2 31.9
44.1 43.8
61.2 69.7
90.2 92.4
127.9 138.7
D-18
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
7. Quantity and Price Indexes.
Table 7.1.—Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1996=100]
Seasonally adjusted
1998
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
Personal consumption
expenditures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Durable goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Nondurable goods:
Current dollars
uriain-iype quantity inaex ...
Chain-type price index
Implicit price deflator
Services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Gross private domestic
investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1999
Seasonally adjusted
2000
1999
1998
II
III
IV
I
II
III
I
II
III
119.55
113.98
104.90
104.89
122.35
116.27
105.31
105.24
124.82
117.65
106.17
106.10
127.29
119.27
106.80
106.73
128.66
119.97
107.31
107.24
111.71
108.42
103.03
103.03
119.69
114.15
104.85
104.85
118.63
113.42
104.60
104.59
120.67
114.82
105.10
105.09
123.08
116.49
105.67
105.66
126.43
118.63
106.58
106.57
128.04
119.54
107.13
107.12
130.15
120.87
107.69
107.68
Exports of goods:
Purrpnt dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
110 28 113.07 110.30 114 §3 118 78 120 88 12672 132.57
117^01 121^63 118.97 123*45 127/18 129^06 134J9 14i!03
94.25 92.96 92.72 92.87 93.41 93.68 94.02 94.01
94.25 92.96 92.71 92.86 93.40 93.67 94.01 94.00
112.56 123.49 122.68 124.46 127.75 134.03 132.09 133.91
117.97 132.65 131.47 134.01 138.17 145.70 143.83 146.65
95.42 93.09 93.30 92.86 92.44 91.98 91.83 91.30
95.41 93.09 93.31 92.87 92.46 91.99 91.84 91.32
Exports of services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
111.04
109.58
101.34
101.34
108.48 117.24 115.96 118.17 121.36 124.77 126.91 129.09
1fY7 C\A
110 17 11Q Al 11G en 117 on 11ft OA H Q CO
IU/.U4 1 lo.UO I \d.\O 1 10.4/ 1 10.OU I I 1 .C\) 1 10.^4 i ly.uo
101.35 103.71 103.43 104.15 105,09 106.48 107.35 107.93
101.35 103.71 103.42 104.14 105.07 106.46 107.33 107.91
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
116 03 129.19 125 99 132.90 13811 14402 150.37 157.94
127.15 140.72 138.32 143.82 147.53 151.76 158.36 164.85
91.26 91.80 91.13 92.47 93.68 94.97 95.03 95.88
91.25 91.80 91.08 92.41 93.61 94.90 94.95 95.81
Imports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
115.11 129.72 126.23 133.82 139.46 145.49 152.64 160.31
127.67 143.64 141.02 147.28 151.23 155.29 162.54 168.92
90.16 90.31 89.57 90.93 92.30 93.77 93.99 94.99
90.16 90.31 89.51 90.86 92.22 93.69 93.91 94.91
Imports of services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
120.81 126 39 124.69 128.11 131.05 136 32
124.42 126.54 125.13 127.05 129.59 134.66
97.09 99.89 99.66 100.85 101.14 101.25
97.09 99.89 99.64 100.84 101.12 101.24
11321
107.30
105.50
105.50
12018
111.29
107.99
107.99
11918
110.71
107.66
107.65
121 19
111.95
108.26
108.26
123 02
113.00
108.88
108.87
125.75
114.45
109.88
109.88
127 81
115.75
110.43
110.43
129 94
116.80
111.26
111.25
124.72 132.79 129.39 133.51 138.71 141.28 149.08 150.67
126.08 134.36 130.61 135.25 140.95 142.72 149.92 150.70
98.93 98.84 98.90 98.76 98.76 99.32 99.76 100.29
98.92 98.83 99.06 98.71 98.41 98.99 99.44 99.98
123.13 133.76 132.08 135.28 138.11 145.48 151.12 154.82
126.78 139.56 137.59 141.47 144.73 151.79 157.04 160.03
97.13 95.84 95.99 95.62 95.42 95.84 96.23 96.74
97.13 95.84 96.00 95.62 95.42 95.84 96.23 96.74
125.89 126.96 126.11 125.00 129.07 137.30 140.06 146.75
110.50 113.27 111.30 114.34 117.94 120.34 125.02 129.85
114.80 118.17 116.41 119.27 122.22 124.10 128.33 133.01
96.26 95.86 95.62 95.88 96.51 96.98 97.43 97.64
96.26 95.86 95.61 95.87 96.50 96.97 97.42 97.63
113.77
110.14
103.30
103.30
113.74
110.36
103.06
103.06
113.64
109.67
103.62
103.62
115.90
110.92
104.50
104.49
119.01
112.79
105.52
105.52
120.91
113.78
106.27
106.27
123.28
115.11
107.10
107.10
138.50
138.07
100.33
100.31
145.56
145.14
100.31
100.29
Government consumption
expenditures and gross
investment:
Current dollars
Chain-type quantity index
Chain-type price index ..
Implicit price deflator
108.37
104.53
103.67
103.67
114.94
108.03
106.41
106.40
113.29
106.89
106.00
105.99
115.51
108.14
106.82
106.81
118.77
110.38
107.62
107.61
120.29
110.07
109.30
109.28
122.52
111.37
110.02
110.01
123.02
110.96
110.88
110.87
reaerai:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
101.69
99.12
102.60
102.60
106.96
101.61
105.27
105.27
105.02
100.09
104.95
104.93
107.30
101.77
105.45
105.43
111.28
104.98
106.02
106.00
109.12
101.04
108.01
108.00
113.71
105.13
108.18
108.17
111.81
102.67
108.91
108.90
116.88 115.22 115.01 113.18 115.83 121.80 123.12 127.49
107.71 110.19 109.65 110.44 111.42 112.72 113.75 115.11
107.71 110.19 109.65 110.44 111.43 112.73 113.75 115.11
National defense:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
97.80 102.25 99.52 102.95
95.70 97.62 95.33 98.14
102.20 104.75 104.42 104.92
102.20 104.75 104.39 104.90
106.67 102.68 106.97 105.06
101.09 95.65 99.46 96.98
105.54 107.35 107.57 108.34
105.51 107.34 107.55 108.33
122.22 136.03 134.07 138.71 141.12 148.21 154.81 157.51
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
109.64
106.06
103.38
103.37
116.59
109.72
106.27
106.27
116.28
109.74
105.97
105.96
116.17
109.14
106.45
106.44
120.72
112.88
106.95
106.94
122.29
111.95
109.26
109.24
127.51
116.62
109.35
109.34
125.62
114.20
110.00
110.00
State and local:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
112.35
107.74
104.28
104.28
119.71
111.82
107.06
107.05
118.22
110.91
106.61
106.60
120.41
111.91
107.60
107.59
123.24
113.57
108.52
108.51
126 96
115.40
110.03
110.02
127.78
115.07
111.05
111.04
129.71
115.84
111.98
111.97
130.33 14874 146.05 152.21 155.70 163.16 170.00 172.40
93.78 91.46 91.77 91.11 90.62 90.82 91.05 91.35
93.78 91.46 91.80 91.13 90.64 90.84 91.07 91.37
11665
110.47
105.59
105.59
128.89
117.56
109.64
109.64
129.40
118.41
109.28
109.28
129.48
117.48
110.21
110.22
13050
117.63
110.94
110.94
13321
118.56
112.36
112.36
134 49
118.93
113.08
113.08
131.67
115.67
113.83
113.83
NOTE.—Chain-type quantity and price indexes are calculated from weighted averages of the detailed output and
prices used to prepare each aggregate and component. Implicit price deflators are weighted averages of the detailed
price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained-
IV
117.64
112.42
104.63
104.65
Nonresidential:
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
III
119.02
113.60
104.77
104.77
121 46 132 50 13139 13378 13614 142.31 146 83 148.84
122.48 133.70 132.53 135.05 137.43 142.73 146.59 147.76
99.17 99.10 99.14 99.06 99.07 99.71 100.17 100.73
99.17 99.10 99.14 99.06 99.07 99.70 100.16 100.73
Equipment and
software*
Current dollars
Chain-type quantity
index
Chain-type price index
Implicit price deflator
II
Exports of goods and
services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
2000
1999
112.50
108.99
103.23
103.22
Fixed investment:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Structures:
Current dollars
Chain-type quantity
index
Chain-type price index
Implicit price deflator
1999
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.
D-19
National Data
SURVEY OF CURRENT BUSINESS
December 2000
Table 7.2.—Quantity and Price Indexes for Gross Domestic Product,
Final Sales, and Purchases
Table 7.4.—Chain-Type Quantity and Price Indexes for Personal
Consumption Expenditures by Major Type of Product
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1998
1999
112.50
108.99
103.23
103.22
119.02
113.60
104.77
104.77
1999
117.64
112.42
104.63
104.65
119.55
113.98
104.90
104.89
Seasonally adjusted
2000
122.35
116.27
105.31
105.24
124.82
117.65
106.17
106.10
127.29
119.27
106.80
106.73
1998
128.66
119.97
107.31
107.24
Final sales of domestic
product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
111.95
108.38
103.30
103.30
118.92
113.41
104.86
104.86
117.91
112.61
104.71
104.70
119.54
113.86
105.00
104.99
121.89
115.64
105.41
105.40
124.92
117.54
106.29
106.28
126.86
118.66
106.92
106.91
128.29
119.41
107.44
107.43
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
113.16
110.45
102.45
102.45
120.89
116.16
104.08
104.08
119.36
114.90
103.86
103.88
121.76
116.76
104.30
104.28
124.76
119.13
104.80
104.72
127.66
120.77
105.78
105.70
130.36
122.68
106.33
106.26
132.09
123.61
106.94
106.87
Final sales to domestic
purchasers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
112.61
109.85
102.52
102.51
120.80
115.98
104.16
104.16
119.63
115.11
103.94
103.93
121.75
116.65
104.39
104.38
124.31
118.52
104.89
104.88
127.77
120.68
105.88
105.87
129.94
122.08
106.45
106.44
131.74
123.07
107.06
107.05
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
Personal consumption
expenditures
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
112.52
108.22
103.98
103.98
119.03
112.39
105.91
105.90
117.66
111.27
105.72
105.74
119.51
112.69
106.07
106.05
122.34
114.89
106.56
106.48
124.71
116.10
107.49
107.42
127.11
117.57
108.18
108.11
128.43
•118.16
108.76
108.69
113.08
109.47
103.31
103.31
120.75
114.58
105.39
105.38
119.21
113.38
105.13
105.15
121.57
115.08
105.66
105.64
124.59
117.35
106.25
106.17
127.45
118.87
107.30
107.22
130.06
120.59
107.93
107.85
131.73
121.37
108.61
108.54
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 servicesl
Personal consumption
expenditures less food and
energy
114.15 113.42
132.65 131.47
113.82 126.03 126.93
118.63
145.70
137.24
119.54 120.87
157.95
141.12
117.20
110.97
130.61
160.13 163.63
141.91 144.28
105.54
106.46
98.17
127.38
111.95 113.00
104.37
105.65
94.30
125.86
114.45
109.63
118.12
105.99
126.28
116.68
110.97
121.54
124.48
108.42
114.82 116.49
117.97
134.01 138.17
126.75 129.11
143.83 146.65
131.05 133.53
142.98
127.62
113.05
107.62
123.17
140.04 145.17
124.97 128.89
112.13 113.47
106.62 107.73
122.40 124.58
107.09
108.06
99.60
119.55
111.29
107.22
112.82
101.68
120.33
112.61
108.26
114.02
117.04
107.36
108.20
100.88
118.35
110.71
107.04 108.39
107.59 109.68
103.03 98.19
120.18 122.80
106.88
112.18
101.09
119.65
111.90
107.81
113.20
116.22
107.53
114.94
105.21
121.52
113.33
108.73
115.17
117.56
108.27
113.24
99.22
122.66
114.38
109.62
116.27
120.16
108.91
114.94
100.97
124.33
115.57
110.19
118.96
123.04
102.48 104.45
104.28 106.10
103.99
102.58 105.41 105.64
109.74 115.98
115.25 116.69
118.44
121.07 121.91 123.50
124.30
114.79
107.04
103.42
113.02
103.86
105.63
89.89
111.57
107.30
104.55
108.11
100.98
112.96
108.86
105.57
108.24
111.00
151.20
133.71
115.50
110.19
124.56
118.24 119.63
111.53 111.87
132.40 135.53
106.76
107.51
100.83
129.94
115.75 116.80
110.25
118.64
104.93
127.89
117.14
111.70
124.06
126.31
Chain-type price indexes
Personal consumption
expenditures
Durable goods
103.74 105.75 105.41 105.94 106.54 107.14 107.75 108.69
92.12 96.02 94.99 98.51 101.34 109.78 112.74 115.74
102.77 104.26 104.09 104.38 104.78 105.49 105.95 106.42
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
1. For some components of final sales of computers, includes computer parts.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7,3.—Quantity and Price Indexes for Gross National Product and
Command-Basis Gross National Product
[Index numbers, 1996=100]
Food
:
Clothing and shoes
Gasoline, fuel oil, and other
energy goods
Gasoline and oil
Fuel oil and coal
Other
.:
Services
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
112.20
108.73
103.19
103.19
128.20
119.58
107.28
107.21
Less: Exports of goods and
services and income
receipts from the rest of the
world:
Chain-type quantity index
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
114.51 118.55 116.36 120.12 123.74 126.69 131.95 135.34
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world:
Chain-type quantity index
Addenda:
Energy goods and services1
Personal consumption
expenditures less food and
energy
119.39 122.72 120.96 123.72 126.73 128.91 134.76 137.50
Equals: Command-basis gross
national product:
Chain-type quantity index
109.43 113.84 112.73 114.10 116.31 117.64 119.33 119.89
118.60
113.24
104.74
104.73
117.25
112.07
104.59
104.62
119.10
113.59
104.87
104.86
121.90
115.88
105.27
105.19
124.44
117.32
106.14
106.07
126.89
118.93
106.77
106.70
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
2000
Chain-type quantity indexes
Durable goods
111.21 118.22 115.67 124.29 123.88 136.17 145.95 •151.54
213.50 314.26 295.99 337.95 358.44 413.00 461.08 499.47
52.09 37.62 38.81 36.49 34.26 32.68 31.37 30.07
52.09 37.62 39.08 36.78 34.56 32.97 31.65 30.34
1999
1999
103.03 104.85 104.60 105.10 105.67 106.58 107.13 107.69
95.42
93.09
93.30
92.86
92.44
91.98
99.01
99.29
98.91
99.50
99.81
99.30
90.36
98.24
85.19
96.62
85.77
97.21
84.58
96.24
83.38
96.11
82.73
96.12
91.83
91.30
81.97
95.85
81.05
95.32
99.81
101.35 103.71 103.43 104.15 105.09 106.48 107.35 107.93
104.05 106.14 105.81 106.35 106.95 107.59 108.20 109.20
98.01 96.38 96.73 95.83 96.84 95.67 95.12 94.48
88.24 95.39 94.24 99.34
87.87 95.66 94.81 99.91
91.53 92.92 89.21 94.23
102.86 106.86 106.52 107.26
104.16
104.39
101.97
107.51
118.69
117.85
125.95
107.94
123.52
123.65
122.27
109.10
124.37
123.83
128.82
109.69
105.50 107.99 107.66 108.26 108.88 109.88 110.43 111.26
106.25 109.40 109.11
100.76 100.63 100.35
98.43 97.91
101.96 101.98 101.85
104.88 106.35 106.29
104.51 107.02 106.60
105.77 108.84 108.59
107.96 111.04 110.62
93.23
109.74
100.55
98.73
101.68
106.32
107.29
109.31
111.41
110.41
101.04
99.20
102.18
107.09
107.98
110.06
111.86
111.33
101.18
99.61
102.17
108.02
109.13
111.33
113.12
112.17
101.55
1-01.43
101.72
109.16
109.50
112.28
113.38
112.98
102.82
105.47
101.42
109.84
110.47
113.47
113.87
96.85 96.00 99.09 101.88 109.84 113.25 115.63
103.45 105.11 104.92 105.25 105.69 106.26 106.64
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
107.03
D-20
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 7.6.—Chain-Type Quantity and Price Indexes for Private Fixed
Investment by Type
[Index numbers, 1996=100]
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]
Seasonally adjusted
1998
1999
1999
Seasonally adjusted
2000
1998
1999
2000
1999
Chain-type quantity indexes
Chain-type quantity indexes
Private fixed
investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Equipment and software
Information processing
equipment and software
Computers and
peripheral equipmentl
Software2
Other
Industrial equipment
Transportation equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Equipment
147.76
121.80
146.59
157.04
123.12
113.36 114.48
120.92 122.09
121.56
124.63
123.39
118.82
126.21
124.30
102.09 97.76 100.86 116.53
118.37 126.92 115.09 120.95
130.33 148.74 146.05 152.21 155.70
123.71
111.74
144.81
123.81
163.16
134.79
104.25
170.00
172.40
195.33 204.64
219.11
232.93
242.32
306.72 294.19 325.92 344.08
197.65 190.37 202.34 215.75
134.50 133.01 138.59 141.52
108.31 106.76 109.15 111.99
138.07 136.06 143.35 141.03
121.25 121.79 119.18 118.76
110.47 117.56 118.41 117.48 117.63
110.52 117.54 118.43 117.42 117.53
110.57 117.92 118.48 116.65 118.66
106.58 113.95 113.49 114.43 112.95
111.15 117.69 119.24 118.95 116.89
108.67 118.61 117.91 120.07 122.07
372.78
225.96
154.45
116.44
142.04
123.42
419.58
235.97
162.13
120.20
143.39
126.47
118.93
118.75
455.72
247.20
162.85
122.99
137.12
125.06
123.03 121.62
116.89 116.14
112.59 115.47
126.79 127.37
116.33
106.41
115.75
127.89
142.73
115.01
135.05 137.43
141.47 144.73
113.18 115.83
116.09
119.77
132.53
116.88
133.70
139.56
115.22
116.97
119.36
115.92
120.76
122.48
126.78
137.59
115.84
108.81
150.24
188.74
183.41
210.72
158.74
116.03
107.67
120.96
122.20
151.79
118.56
118.37
160.03
127.49
115.67
115.40
Chain-type price indexes
Imports of goods and services
Goods l
Durable
Nondurable
Servicesi
114.80
117.01
121.89
106.54
109.58
113.51
127.15
127.67
131.33
120.65
124.42
Income payments
122.78
Exports of goods and services
Goods»
Durable
Nondurable
Servicesi
Income receipts
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Equipment and software
Information processing
equipment and software
Computers and
peripheral equipment
Software2
Other
Industrial equipment
Transportation equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Equipment
99.17
99.10
99.14
99.06
97.13
95.84
95.99
95.62 95.42
107.71 110.19 109.65 110.44 111.42 112.72 113.75
100.73
96.74
115.11
106.99 111.26 110.66 111.70 112.75 114.22 114.95
103.50 103.42 103.06 103.41 104.02 104.85 106.01
115.94
106.29
120.02 112.81 112.34 111.99 113.24 114.24 116.94
104.93 106.74 106.47 106.73 107.47 108.24 110.35
99.07
95.84
96.23
93.78
91.46
91.77
91.11
90.62
90.82
91.05
122.61
110.96
91.35
85.13
79.87
80.32
79.32
78.42 78.62
78.76
79.01
56.89 43.40 44.26 42.00 40.28 39.20 37.96
95.39 95.75 95.72 95.93 95.89 97.91 100.03
98.35 97.27 97.59 97.11 96.53 96.40 96.27
101.33 101.98 101.79 101.95 102.27 102.41 102.46
100.09 100.89 101.38 100.60 100.31 100.70 101.18
102.34 103.40 103.37 103.45 103.62 103.55 103.98
36.82
102.42
96.14
102.57
101.66
104.46
113.83
114.22
105.59 109.64 109.28 110.21 110.94 112.36 113.08
105.74 109.93 109.57 110.52 111.26 112.72 113.45
105.60 110.41 109.91 111.01 112.01 113.80 114.00
113.45 117.69 117.28 118.09 118.96 120.87 121.08
104.66 108.05 107.88 108.68 109.09 110.04 111.55
99.54 98.08 97.85 97.94 97.95 97.76 98.39
1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
99.71 100.17
114.60
121.72
112.58
98.18
119.78
140.72
143.64
150.51
130.45
126.54
132.53
116.41
118.97
124.56
106.95
110.36
116.21
138.32
141.02
147.20
129.07
125.13
128.29
119.27
123.45
129.90
109.56
109.67
122.93
143.82
147.28
154.56
133.26
127.05
137.14
122.22 124.10 128.33 133.01
127.18
133.80
112.91
110.92
128.75
147.53
151.23
160.22
134.18
129.59
142.85
129.06
136.42
113.21
112.79
135.20
151.76
155.29
165.10
136.78
134.66
147.59
134.79
144.21
114.56
113.78
143.82
158.36
162.54
172.67
143.42
138.07
157.34
141.03
149.95
121.83
115.11
142.99
164.85
168.92
180.06
148.06
145.14
158.10
Chain-type price indexes
Exports of goods and services
GoodsJ
Durable
Nondurable
Services'
96.26 95.86 95.62 95.88 96.51 96.98 97.43 97.64
94.25 92.96 92.72 92.87 93.41 93.68 94.02 94.01
94.87 93.65 93.67 93.39 93.65 93.54 93.62 93.78
92.75 91.25 90.36 91.58 92.84 94.07 95.13 94.66
101.34 103,30 103.06 103.62 104.50 105.52 106.27 107.10
Income receipts
102.40 103.99 103.70 104.16 104.76 105.69 106.30 106.93
Imports of goods and services
Goods l
Durable
Nondurable
Servicesl
Income payments
Private fixed
investment
118.17
121.63
127.75
108.46
110.14
91.26
90.16
90.83
88.70
97.09
91.80
90.31
89.14
92.85
99.89
91.13 92.47 93.68 94.97 95.03 95.88
89.57 90.93 92.30 93.77 93.99 94.99
89.14 88.84 88.78 89.00 88.90
90.41 95.46 100.06 104.48 105.42 109.34
99.66 100.85 101.14 101.25 100.33 100.31
103.45 105.10 104.76 105.19 106.10 106.85 107.25 107.84
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.
D-21
National Data
SURVEY OF CURRENT BUSINESS
December 2000
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
Seasonally adjusted
1998
1999
1999
2000
IV
1998
1999
I
Chain-type quantity indexes
Exports of goods and
services
Exports of goods !
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Exports of servicesl
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods and
services
Imports of goods l
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Imports of servicesl
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural
goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
goods
NOTE.-See footnotes to table 4.3.
114.80 118.17 116.41 119.27
117.01 121.63 118.97 123.45
99.15 101.94 100.27 107.69
Chain-type price indexes
122.22 124.10 128.33
127.18 129.06 134.79
105.24 106.90 106.02
133.01
141.03
116.48
107.42 108.29 106.84 108.52
110.83 114.10 111.92 114.40
105.49 105.00 103.96 105.19
113.69
120.59
109.79
114.67 117.27 122.96
126.74 130.90 132.95
107.98 109.76 117.34
128.14 135.28 131.16; 138.43
141.52
142.64 156.15 164.08
165.96 160.30 152.19 160.71
159.17
129.42 155.29 145.32
137.05 156.22 154.35 162.30
119.02 126.39 122.66 129.54
162.77
133.98
178.48 195.83 207.81
138.76 149.06 159.94
111.48 114.72
113.911
117.23
116.96
120.92 120.28 121.18
112.30
112.66
111.92
124.30
113.07
113.34
112.79
131.86
114.72
115.82
113.58
132.27
118.56
122.89
114.09
151.18
110.92
123.55
128.88
118.04
151.45
114.81
115.67
113.91
136.23
109.58 110.14 110.36 109.67
125.27
126.41
124.11
146.46
129.37
131.70
126.97
152.91
112.79 113.78 115.11
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 goods
Other
Exports of servicesl
100.88
100.32
96.43
104.04
107.54
134.12
87.29
90.27
103.77
92.32
108.67
106.94
138.87
82.00
89.34
103.60
93.81
107.21
107.58
144.25
87.06
89.74
106.36
95.53
106.14
111.77
145.54
92.02 93.88
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
127.15 140.72 138.32 143.82
151.76 158.36 164.85
Imports of goods and
services
118.19 129.15 128.54 131.82
147.53
151.23
132.67
119.95
123.82
115.84
111.94
127.18
127.93
126.43
115.60
131.60
135.10
127.89
105.17
133.17
137.77
128.29
112.37
143.93 165.82 162.26 170.66
177.99
184.09 198.87 211.11
119.70
98.71
103.14
101.44
108.69
125.97
100.36
104.98
101.08
94.19
106.28
107.88
133.43
88.86
118.59
100.37
94.76
105.89
108.42
131.12
91.37
127.67 143.64 141.02 147.28
125.63
128.54
122.54
112.04
123.62
126.87
120.15
117.35
93.84
103.29
93.00
107.57
110.80
144.29
155.29 162.54 168.92
132.58 136.70 143.07
132.16
138.03
125.94
121.19
135.88
138.48
132.97
119.41
163.09 174.50 169.29 187.72
175.95
168.51 179.33 191.61
164.54 212.12 211.90 219.36
134.30 148.93 144.58 152.09
225.25
161.79
226.80 248.66 264.97
170.57 183.51 194.39
115.22 137.71 134.14 143.22
143.99
147.82 148.93 154.87
129.16
129.55
128.79
133.52
143.85
145.63
142.02
160.15
140.17
143.05
137.19
153.49
124.42 126.54 125.13
124.43
123.01
117.73
115.38
145.74
134.05
107.84
135.39
126.22
122.96
115.91
162.66
129.76
104.54
135.78
125.62
120.92
113.53
158.45
128.52
102.88
152.15
154.54
149.68
180.19
127.05 129.59
143.68 130.79
126.16 129.02
121.27 127.86
115.66 117.02
162.16 177.87
130.24 134.17
107.47 102.77
146.61
149.60
143.52
161.95
2000
1999
157.18
162.45
151.74
175.90
167.48
171.12
163.72
180.15
170.05
171.68
168.39
202.30
134.66 138.07 145.14
137.37
136.37
129.54
119.92
182.23
139.87
105.75
141.88
142.61
131.42
122.67
186.55
140.99
106.64
145.55
150.43
135.09
126.74
223.21
146.54
107.89
101.73 102.69 101.66
110.18
104.24 110.29 109.74 119.87
118.64 123.62 120.80
124.92
129.53 131.04 137.35 143.26
129.13 146.37 142.98
149.96
155.50 159.09 166.01 173.50
Imports of goods !
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Imports of services!
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural
goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
96.26 95.86
94.25 92.96
95.62
95.88
96.51
96.98
97.43
97.64
92.72
92.87
93.41
93.68
94.02
94.01
84.27
80.42
80.88
79.91
79.24
7924
80.31
77.36
94.23 92.80
95.02 92.57
93.77 92.96
91.31
92.15
90.81
93.49
92.41
94.16
95.52
93.21
96.94
97.48 98.80 99.27
93.98 94.48 94.54
99.67 101.53 102.28
92.49
91.18
90.63
90.75
90.32
91.01
90.25
90.48
104.79 107.22 106.99 107.19 108.13 109.47 110.54 111.72
75.52
94.64
68.41
93.90
68.99
94.03
67.34
93.67
67.05
93.74
65.56
93.32
64.64
93.33
64.33
93.57
100.93 101.56 101.40 101.57 101.96 102.19 102.39 102.58
100.75 100.42 100.33 100.38 100.64 100.86 100.88 100.91
100.69 100.07 100.00 100.17 100.20 100.61 100.95 100.91
100.82 100.78 100.67 100.60 101.12 101.12 100.78 100.88
95.60 95.14 95.31 96.36 96.59 96.82 96.52
101.34 103.30 103.06 103.62 104.50 105.52 106.27 107.10
95.70 100.17 100.10
103.53 106.21 106.07
95.46 102.86 101.37
96.81 97.55 96.96
102.56 104.10 103.85
99.67 99.89 100.15
115.25 117.75 116.08
99.86
106.87
103.73
99.22
104.31
99.97
115.99
100.68
107.67
105.17
100.20
104.91
99.93
122.31
99.83
109.39
104.46
102.89
105.85
101.18
119.69
99.39
111.48
105.92
104.60
106.46
101.52
116.35
99.36
112.05
106.61
108.02
107.09
102.17
116.45
91.26
91.80
91.13
92.47
93.68
94.97
95.03
90.16
90.31
89.57
90.93
92.30
93.77
93.99
95.88
94.99
97.72 94.49
95.05
93.55
94.05
94.12
93.46
92.55
94.96
97.01
92.89
62.51
94.47
97.21
91.65
83.20
93.07
96.38
89.64
74.69
95.37 96.85 99.21 101.98 104.37
98.59 98.67 102.46 103.25 102.73
92.03 94.98 95.80 100.76 106.32
94.67 112.06 132.18 132.79 145.93
82.11
78.56
78.81
77.67
77.46
77.17
76.77
76.31
105.56 107.52 107.33 107.46 108.04 108.81 109.52 110.67
71.60
84.81
62.43
83.73
62.81
83.94
60.68
83.26
60.36
83.04
59.99
82.70
58.68
82.71
58.18
82.15
100.34 101.03 100.98 101.15 101.27 101.44 101.79 101.89
97.47
95.24
99.92
99.33
96.79
94.09
99.76
99.30
96.69
94.04
99.59
98.98
97.09
99.89
99.66 100.85 101.14 101.25 100.33 100.31
96.58
93.85
99.58
99.25
96.65
93.80
99.79
99.51
96.35
93.41
99.58
99.70
95.95 95.88
93.04 92.95
99.15 99.11
99.91 100.42
89.20 91.41 90.08
95.61 97.86 97.54
107.24 110.06 110.29
96.03 107.48 105.24
102.55 104.13 103.84
96.35 94.68 96.03
99.27 102.61 102.26
91.52
97.66
111.52
112.99
104.30
94.45
103.34
93.11
98.56
110.12
114.92
104.90
93.05
104.13
90.03
96.72
113.63
115.38
105.83
94.85
103.00
87.88
94.07
115.61
115.28
106.44
94.34
102.58
92.18
117.45
117.47
107.07
94.78
102.38
78.58
78.25
77.74
77.90
77.36
78.17
75.66
95.18
94.35
94.12
94.33
94.91
95.25
95.56
95.77
92.60
91.09
90.95
90.84
91.06
91.26
91.45
91.60
84.90
D-22
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1996=100]
Seasonally adjusted
1998
1999
II
III
Seasonally adjusted
2000
1999
IV
I
II
1998
1999
III
II
Chain-type quantity indexes
Government consumption
expenditures and gross
investment •
Federal
99.12 101.61 100.09 101.77 104.98 101.04 105.13 102.67
National defense
Consumption expenditures
Durable goods2
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
95.70 97.62 95.33 98.14 101.09 95.65 99.46 96.98
96.15 97.16 94.71 97.27 100.54 94.47 98.68 96.10
102.72 108.28 109.38 116.32 107.48 107.56 106.44 104.58
104.35 115.92 112.94 138.58 112.98 132.50 130.29 117.41
95 45 95 88 9319 94 89 99 75 92 57 97 32 94 97
Nondefense
Consumption expenditures
Durable goods2
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services . . .
Compensation of
general government
employees, except
own-account
investment3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment and software
106.06 109.72 109.74 109.14 112.88 111.95 116.62 114.20
102.99 103.22 102.56 102.71 104.22 104.99 108.75 106.28
State and local
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of general
government
employees, except
own-account
investment3
Consumption of general
government fixed
capital 4
Other services
Gross investment
Structures
Equipment and software
Addenda:
Compensation of general
government employees3 ....
Federal
State and local
90.90
90.83
91.04
90.32
89.95
90.05
90.80
99.10 99.54 99.42 99.61 99.90 100.26 100.64 101.07
96.16 101.65 92.39 97.85 115.98 90.95 107.39 97.37
93.31 100.64 99.32 103.61 104.65 103.01 104.38 102.49
7617 7218 72.94 70.98 70.12 62.68 59.50 59 28
95.84 104.93 103.29 108.56 109.89 109.20 111.31 109.16
129.16 123.98 125.45 122.46 122.72 125.11 122.36 121.37
101 81 100 86 100.34 100.68 101.39 102.56 106.66 103.82
100.47 101.13 100.87
99.85 101.06 103.15 108.44 103.88
119.66 135.52 133.16 137.65 142.28 147.20 151.96 156.64
96.76 85.80 85.53 86.86 84.98 82.78 84.20 81.72
120.65 141.01 144.35 140.06 154.86 145.36 154.54 152.41
94.26 90.85 86.79 87.38 94.47 88.21 85.15 83.71
135.51 170.31 178.21 170.91 190.31 178.93 195.69 193.16
107.74
106.34
115 60
110.96
105 62
111.82
109.37
123 10
116.88
10824
110.91
108.90
12210
116.04
107 82
111.91
109.78
123 74
117.64
108 60
113.57
110.62
12618
119.32
109 31
115.40
111.46
12812
120.78
110.06
115.07
112.18
130 08
122.26
110.67
115.84
112.95
132 08
123.75
111 32
103.19 104.64 104.43 104.86 105.15 105.68 106.02 106.46
111.04
146.12
113.94
110.60
124.85
118.18
163.57
122.79
116.88
142.56
117.17
160.00
119.87
113.96
139.66
119.11
165.92
121.44
114.43
145.17
121.12
172.94
126.89
119.94
150.32
123.22
175.11
133.18
126.68
154.83
125.42
177.56
128.06
118.75
160.25
127.71
178.93
128.82
118.30
165.49
101.28 102.04 101.87 102.11 102.31 102.80 103.59 103.59
96.00 94.72 94.71 94.45 94.33 94.83 96.8c 95.66
103.31 104.86 104.63 105.07 105.39 105.87 106.18 106.64
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
III
2000
IV
I
II
III
Chain-type price indexes
104.53 108.03 106.89 108.14 110.38 110.07 111.37 110.96
93.37
1999
Government consumption
expenditures and gross
investment'
Federal
103.67 106.41 106.00 106.82 107.62 109.30 110.02 110.88
102.60 105 27 104.95 105.45 106.02 108 01 108.18 108 91
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
own-account
investment3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures .
Equipment and software
102.20 104.75 104.42 104.92
103.09 105.93 105.53 106.16
98.69 98.67 98.64 98.45
87.02 91.30 87.96 94.22
103 91 106 94 106 63 107 12
Nondefense
Consumption expenditures
Durable goods2
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
general government
employees, except
own-account
investment3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment and software
103.38 106.27 105.97 106.45 106.95 109.26 109.35 110.00
104.63 108.18 107.82 108.43 108.98 111.66 111.51 112.10
State and local
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of general
government
employees, except
own-account
investment3
Consumption of general
government fixed
capital 4
Other services
Gross investment
Structures
Equipment and software
Addenda:
Compensation of general
government employees3 ....
Federal
State and local
105.54
106.83
98.85
100.49
107 61
107.35
108.95
99.37
106.97
109 71
107.57
109.17
99.62
106.10
109 97
108.34
110.02
99.74
112.70
110 67
105.54 110.08 109.95 110.11 110.47 114.48 114.44 115.14
99.79 100.68 100.44 100.70 101.31 102.18 102.49 103.16
104.53 106.91 106.22 107.44 108.02 108.23 108.90 109.64
97.00 97.97 97.95 97.86 98.16 98.37 98.57 98.97
10617 11009 109 64 110.58 111 79 112 65 11395 114 97
95.84 96.51 96.52 96.33 96.55 96.70 96.82 97.17
99.17 102.17 101.08 103.34 104.86 106.50 106.98 108.64
105.14 108.80 108.46 109.03 109.51 112.43 112.23 112.86
107.24 112.94 112.55 113.39 113.72 117.97 117.14 117.65
98.39 99.11 99.00 99.11 99.55 100.56 101.45 102.17
104.50 105.75 105.36 105.69 106.53 107.87 108.28 109.10
97.95 98.47 98.40 98.45 98.78 99.86 100.76 101.59
106.10 108.85 108.32 109.02 110.29 111.15 112.31 113.15
94.47 94.26 94.31 94.19 94.27 95.39 96.21 97.02
104 28 107 06 106 61
104.63 107.59 107.09
9919 98 95 98 81
94.27 97.79 96.40
106 08 109 04 108 65
107 60
108.22
98 84
100.29
109 43
108 52
109.20
9917
102.23
110 29
110 03
110.84
99 34
108.98
111 26
11105
111.83
99 50
110.28
11222
111 98
112.82
99 75
112.41
113.07
106.58 109.99 109.49 110.43 111.43 112.28 113.08 113.84
101.5C
108.47
102.83
106.27
92.98
102.91
107.82
104.82
110.02
90.55
102.72
108.61
104.59
109.63
90.68
103.04
108.00
105.03
110.44
90.22
103.76
106.95
105.76
111.54
90.08
104.61
109.98
106.73
112.79
90.37
105.76
112.78
107.90
114.27
90.77
106.56
114.96
108.59
115.10
91.14
106.47 110.30 109.87 110.68 111.51 113.19 113.70 114.42
106.17 111.18 110.95 111.38 111.73 115.81 115.47 116.09
106.58 109.99 109.49 110.43 111.43 112.28 113.08 113.84
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.
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-23
Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic
Product by Sector
Table 7.16.—Implicit Price Deflators for Private Inventories by Industry
Group
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
1999
Seasonally adjusted
1999
2000
Gross domestic
product
Businessl
108.99 113.60 112.42 113.98 116.27 117.65 119.27 119.97
110.07 115.27 113.90 115.70 118.34 119.88 121.66 122.43
Nonfarm2
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government3
Federal
State and local
110.07
110.85
103.08
108.74
115.26
116.27
106.27
115.26
113.82
114.73
105.67
120.80
115.71
116.72
106.70
113.32
118.39
119.60
107.70
111.82
119.90
121.13
108.99
116.37
121.73
123.10
109.63
112.92
122.49
123.88
110.12
115.14
106.64 108.54 108.35 108.66 109.27 109.68 110.31 110.90
110.36 87.94 93.83 84.08 72.02 67.99 68.36 69.05
106.51 109.29 108.88 109.55 110.63 111.20 111.84 112.42
102.20 103.68 103.41 103.85 104.26 104.93 105.87 106.14
98.07 98.12 97.96 98.05 98.29 99.01 100.85 100.32
104.15 106.29 105.98 106.57 107.07 107.72 108.22 108.87
Chain-type price indexes
Gross domestic
product
Business1
103.23 104.77 104.63 104.90 105.31 106.17 106.80 107.31
102.91 104.18 104.07 104.27 104.63 105.41 106.03 106.48
2
Nonfarm
Nonfarm less housing
Housing
Farm
103.24 104.67 104.60 104.79 105.08 105.91 106.45 106.96
102.95 104.23 104.18 104.34 104.59 105.41 105.94 106.42
105.98 108.95 108.67 109.16 109.87 110.76 111.40 112.16
80.56
67.28 68.40 73.44 71.34 77.37 73.47
Households and institutions
103.61 106.19 105.88 106.47 106.97 107.77 108.77 110.00
Private households
Nonprofit institutions
General government3
Federal
State and local
105.49 108.58 108.39 108.95 110.00 111.34 112.99 114.09
103.55 106.10 105.80 106.39 106.88 107.67 108.65 109.88
105.45 108.80 108.41 109.13 109.93 111.46 112.03 112.75
104.26 108.03 107.81 108.17 108.58 111.69 111.61 112.25
106.00 109.16 108.70 109.57 110.54 111.39 112.23 113.00
1. Equals gross domestic product less gross product of households and institutions and of general government.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed capital.
Table 7.15.—Price, Costs, and Profit Per Unit of Real Gross Product of
Nonfinancial Corporate Business
[Dollars]
Price per unit of real gross
product of nonfinancial
corporate business'
Compensation of employees
(unit labor cost)
Unit nonlabor cost
Consumption of fixed capital
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
Net interest
Corporate profits with
inventory valuation and
capital consumption
adjustments (unit profits
from current production)
Profits tax liability
Profits after tax with inventory
valuation and capital
consumption adjustments ...
1.010
1.019
1.019
1.019
1.019
.653
.659
.660
.661
.239
.113
.241
.115
.240
.115
.242
.116
.098
.028
.097
.029
.097
.028
.120
.034
.119
.034
.086
.085
1.025
1.031
1.033
.658
.658
.659
.661
.243
.115
.245
.116
.247
.117
.248
.118
.097
.029
.098
.030
.099
.030
.099
.031
.098
.032
.119
.034
.116
.034
.ii8
.034
.122
.036
.126
.037
.124
.036
.085
.083
.084
.086
.089
.088
1. The implicit price deflator for gross product of nonfinancial corporate business divided by 100.
NOTE—Effective with this release, the estimates of chained-dollar gross product of nonfinancial corporate business for 1997-2000 are revised to reflect revisions to the gross product price indexes for nonfinancial industries
(see "Revised Estimates of Real Gross Product of Nonfinancial Corporate Business for 1997-2000" in this issue).
96.56 97.68
Private inventories >
Chain-type quantity indexes
2000
98.28 99.75 100.17 100.28
92.73 99.28 97.67
Farm
91.21
90.79
Nonfarm
Durable goods
Nondurable goods
97.03
96.50
97.71
98.28 98.77 99.82 100.42 100.87
97.01 97.41 97.68 97.76 97.68
99.90 100.52 102.57 103.83 104.96
Manufacturing
Durable goods
Nondurable goods
95.11
94.96
95.40
96.50
95.74
97.80
97.38 98.43 98.90 99.47
96.34 96.79 96.63 96.83
99.14 101.19 102.70 103.89
95.70 96.74
95.77 95.96
95.63 98.15
97.40 98.60 98.64 98.90
96.40 96.70 96.83 96.61
99.21 102.02 101.89 103.01
Wholesale
Durable goods
Nondurable goods
.....
.....
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers .
Durable goods
Nondurable goods
93.53
95.64 96.53 97.11 98.14 98.10 98.22
95.84 96.06 96.51 96.83 96.96 96.73
95.32 97.40 98.22 100.55 100.17 100.94
96.11 98.13 99.32 101.64 102.25 103.39
95.23 95.29 95.60 95.79 95.95 95.77
97.57 102.81 105.39 111.26 112.62 116.06
102.67
100.30
99.95
100.71
105.58
102.67
100.05
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
100.82 101.68 101.80 102.36
99.37 99.92 99.98 99.93
98.18 99.52 99.39 99.25
100.65 100.39 100.64 100.67
102.59 103.83 104.01 105.37
Other
Durable goods
Nondurable goods
97.23 99.77 99.40 101.45 105.15 107.13
103.40 102.50 102.90 104.05 103.50 102.75
96.72 99.59 99.15 101.30 105.42 107.65
100.26
105.91
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.
D-24
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product
by Major Type of Product
Table 7.18B.—Chain-Type Quantity Indexes for Motor Vehicle Output
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
1998
1999
1999
II
Gross domestic product
Final sales of domestic
product
Change in private inventories
Goods
III
1998
IV
I
II
III
108.99 113.60 112.42 113.98 116.27 117.65 119.27 119.97
108.38 113.41 112.61 113.86 115.64 117.54 118.66 119.41
113.17 120.08 117.77 120.80 124.84 126.79 129.40 130.70
111.55 119.66 118.44 120.58 123.22 126.64 127.82 129.28
Durable goods
Final sales
Change in private
inventories
121.28 131.80 128.46 133.65 138.26 142.10 146.86 147.85
119.47 131.58 129.96 133.41 136.51 142.58 145.20 146.68
Nondurable goods
Final sales
Change in private
inventories
106.50 110.55 109.04 110.41 113.99 114.49 115.47 117.00
105.08 110.06 109.14 110.27 112.55 113.97 114.08 115.52
Services
105.64 108.89 108.28 109.31 110.50 111.18 112.59 113.05
Structures
112.06 115.74 115.48 114.48 116.54 119.98 119.06 118.89
Motor vehicle output ...
Auto output
Truck output l
Final sales of domestic
product
Personal consumption
expenditures
New motor vehicles
Autos
Light trucks
Net purchases of used
autos
Private fixed investment
New motor vehicles
Autos
Trucks
Light trucks
Other
Net purchases of used
autos
115.34 126.35 123.96 127.71 130.25 130.35 128.86 123.21
Gross government
investment
Autos
New trucks
108.76 113.15 112.01 113.50 115.77 117.20 118.93 119.85
Net exports
EXDOIIS
Autos
Trucks
ImDOrts
Autos
Trucks
2000
1999
II
Final sales
Change in private
inventories
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
1999
2000
III
IV
I
II
III
115.34 126.35 123.96 127.71 130.25 130.35 128.86 123.21
102.58 102.34 '102.24 99.97 103.97 103.88 96.72 93.41
126.04 146.35 142.10 150.77 152.13 152.39 155.53 147.95
113.54 121.07 121.81 122.51 123.04 129.35 121.59 119.15
114.94
115.85
107.95
125.21
126.94
130.15
120.73
141.32
128.55
130.62
121.66
141.23
127.69
130.75
120.09
143.33
129.43
134.24
126.32
143.66
138.07
144.92
133.18
158.77
131.61
137.22
128.63
147.41
133.95
139.28
123.71
157.60
112.13 117.17 122.20 118.39 114.95 117.57 114.78 117.93
116.21
114.41
100.62
127.63
132.05
118.99
131.60
126.83
106.96
145.85
149.20
139.13
128.98
125.19
108.94
140.81
142.84
136.53
137.38
132.44
110.99
152.96
159.04
141.18
134.41
128.53
105.29
150.72
153.56
144.88
138.07
132.91
109.78
155.00
163.55
138.69
131.48
125.82
100.72
149.76
158.47
133.18
127.82
123.11
99.71
145.45
160.27
117.63
107.80 109.19 111.20 114.14 106.81 113.79 104.95 105.68
114.33 118.29 102.22 123.73 135.82 123.54 115.38 118.63
95.32 99.01 88.86 108.11 108.30 86.04 93.99 123.34
124.94 129.04 109.62 132.38 151.25 144.75 127.34 115.51
100.51 96.65 98.08 95.51
94.43 94.99 98.33 91.69
111.91 99.94 97.91 102.74
116.94 142.99 138.79 148.85
118.91 142.71 137.38 149.45
107.48 144.23 145.46 145.96
98.34
95.86
103.14
149.50
149.62
148.84
100.25
96.79
106.83
153.68
154.15
151.37
101.69
98.45
107.87
153.82
157.77
135.07
99.63
93.43
111.17
162.24
168.98
130.35
Change in private inventories
Autos
New
Domestic
Foreign
Used
New trucks
Domestic
Foreign
Addenda:
Final sales of motor vehicles
to domestic purchasers
Private fixed investment in
new autos and new light
trucks
Domestic output of new
autos 2
Sales of imported new autos 3
115.38 128.35 127.83 131.09 131.46 137.60 131.04 131.23
113.39 124.11 122.68 130.51 124.90 131.63 124.20 124.34
97.99 100.70 99.59 101.90 100.85 105.06 101.48 101.92
123.41 144.38 144.11 145.99 152.66 152.30 150.64 149.24
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.
National Data •
SURVEY OF CURRENT BUSINESS
December 2000
D-25
8. Supplemental Tables,
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1998 1999
1999
II
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Personal consumption expenditures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross private domestic investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Fixed investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Structures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Equipment and software:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Residential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Imports of goods:
Current dollars
Chain-type quantity index
I
II
1998
5.8
4.2
1.5
1.5
3.9
2.5
1.4
1.4
6.7
5.7
1.1
.9
9.7
8.3
1.6
1.3
8.3
4.8
3.3
3.3
8.2
5.6
2.4
2.4
4.4
2.4
1.9
1.9
5.8
4.7
1.1
1.1
7.1
5.3
1.8
1.8
8.0
5.6
2.3
2.3
7.1
5.0
1.9
1.9
8.2
5.9
2.2
2.2
11.3
5.2
3.1
2.1
2.1
6.7
4.5
2.1
2.1
8.0
9.7
10.6
-2.4
-2.4
12.4
-2.4
-2.4
12.8
15.0
-1.9
-1.9
5.9
8.0
21.2
23.6
-2.0
-2.0
-5.7
-5.0
5.6
8.1
-1.9
-1.9
11.0
13.0
-1.8
-1.8
-.6
-.6
-2.3
-2.3
4.0
4.0
0
0
8.1
5.6
2.3
2.3
9.0
3.8
5.0
5.0
7.8
4.9
2.8
2.8
11.2
11.7
7.4
3.6
3.6
6.0
5.4
5.4
7.0
3.6
3.3
3.3
7.1
4.8
2.2
2.2
6.3
3.9
2.3
2.3
6.2
3.7
2.4
2.4
6.5
4.6
1.8
1.8
6.9
4.5
2.3
2.3
6.2
3.8
2.3
2.3
9.2
5.2
3.7
3.7
6.7
4.6
2.0
2.0
6.8
3.7
3.0
3.0
11.5
12.5
6.5
6.6
-.1
-.1
-.5
0
-.2
-.5
13.4
15.0
16.5
17.9
24.0
21.7
-.6
0
-1.4
-1.2
7.6
5.1
2.3
2.4
4.3
2.1
2.1
2.2
9.1
9.2
-.1
-.1
8.7
8.7
0
0
7.5
7.8
-.3
-.3
7.2
7.2
0
0
19.4
16.4
13.3
11.2
2.6
2.6
1.9
1.9
8.6
8.0
9.6
10.1
11.8
-1.5
-1.6
8.6
9.5
-.8
-.8
23.1
21.0
16.4
14.6
1.8
1.8
1.6
1.6
13.7
28.1
22.3
20.5
14.9
4.7
4.7
8.3
4.4
3.7
3.7
7.1
9.5
21.7
20.6
19.0
17.9
-2.1
-2.1
.9
.9
1.0
1.0
7.2
5.8
1.3
1.3
8.6
3.2
5.2
5.2
8.4
6.3
1.9
1.9
16.5
14.3
16.4
15.4
1.9
1.9
.8
.8
7.3
6.0
1.1
1.1
20.8
19.0
19.8
19.8
1.5
1.5
0
0
-.9
-.9
10.9
11.8
-.8
-.8
10.8
13.0
-1.9
-1.9
10.7
10.1
-1.3
-1.3
-1.4
-1.5
.8 -4.8
7.6
3.5
3.5
1.8
1.8
5.6
3.3
2.3
2.3
10.2
7.8
2.2
2.2
7.2
3.3
3.3
-1.4
-6.2
-3.5
-6.2
2.3
2.3
1.5
1.5
2.9
2.9
10.8
15.0
-3.6
-3.6
11.3
14.1
-2.5
-2.5
12.4
15.2
-2.4
-2.4
14.6
18.0
-2.9
-2.9
11.3
10.5
10.6
.2
8.3
2.8
2.8
6.4
3.8
3.8
5.9
4.4
4.4
-3.1
3.4
3.5
3.2
.5
2.6
2.7
0
2.3
2.5
2.9
-.4
-.4
6.7
5.8
.9
.8
11.4
10.2
13.2
10.3
1.1
1.1
2.7
2.7
16.7
15.9
15.3
12.6
.6
.6
2.4
2.4
-.3
11.2
2.2
2.2
8.2
4.6
3.4
3.4
6.9
4.0
4.0
6.5
3.5
2.9
2.9
8.1
4.8
3.2
3.2
-2.2
-2.2
9.7
3.6
3.6
4.9
4.9
3.9 -8.1
1.3 -10.5
2.6
2.7
2.7
2.6
2.2
2.5
4.0
-3.1
-3.1
-1.4
-1.4
6.6
7.2
-.5
-.5
2.3
2.4
-.1
-.1
2.5
.5
1.9
1.9
7.0
2.8
4.2
4.2
5.8
11.3
10.7
22.5
16.2
23.8
16.9
16.6
10.7
18.3
12.0
18.8
18.6
21.7
17.4
.6
.6
5.5
5.4
6.0
5.9
5.3
5.3
5.6
5.6
.2
.2
3.6
3.6
12.7
12.5
25.0
19.0
26.3
19.0
18.0
11.2
18.5
11.2
21.2
20.0
21.7
16.6
-1.0
11.9
-5.4
-5.4
5.1
11.8
-2.5
1999
2000
1999
III
5.7
4.4
1.3
1.3
1. For some components of final sales of computers, includes computer parts.
IV
III
Seasonally adjusted at annual rates
2000
Chain-type price index
Implicit price deflator
-6.0
-6.0
.2
.2
5.1
5.1
6.2
6.2
6.1
6.1
6.6
6.6
Imports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
9.5
12.2
-2.3
-2.3
4.6
1.7
2.9
2.9
10.1
2.5
7.5
7.4
11.5
6.3
4.9
4.9
9.5
8.2
1.1
1.1
17.1
16.6
.4
.4
6.6
10.6
-3.6
-3.6
22.0
22.1
-.1
-1
3.6
2.1
1.4
1.4
6.1
3.3
2.6
2.6
3.9
.8
3.2
3.1
8.1
4.8
3.1
3.1
11.8
8.5
3.0
3.0
5.2
-1.1
6.4
6.4
7.6
4.8
2.7
2.7
1.6
-1.5
3.2
3.2
.4
-5
1.0
1.0
5.2
2.5
2.6
2.6
3.0
2.0
1.1
1.0
8.9
6.9
1.9
1.9
15.7 -7.5
13.2 -14.2
2.2
7.7
2.2
7.8
17.9
17.2
.6
.6
-6.5
-9.0
2.7
2.7
-1.0
-1.7
4.5
2.0
2.5
2.5
-1.3
-2.3
1.1
1.0
14.5
12.3
2.0
2.0
15.2 -14.1
12.6 -19.8
2.4
7.1
2.3
7.1
17.8
16.9
-7.0
-9.6
3.1
1.8
1.3
1.3
6.3
3.4
2.8
2.8
11.3
10.2
1.0
1.1
-.4
-2.2
1.8
1.8
16.6
14.4
1.9
1.9
5.3
-3.3
18.2
17.8
.4
.4
-5.8
-8.0
2.4
2.4
5.3
3.6
1.7
1.7
6.5
3.8
2.7
2.7
4.4
.1
4.3
4.3
7.6
3.7
3.8
3.8
9.8
6.1
3.5
3.5
12.6
6.6
5.7
5.7
2.6
-1.1
3.8
3.8
6.2
2.7
3.4
3.4
5.5
4.2
1.3
1.3
6.2
4.6
1.5
1.5
5.5
4.0
1.5
1.5
5.7
4.5
1.1
1.1
8.1
6.4
1.6
1.6
10.3
6.7
3.4
3.4
6.4
3.9
2.4
2.4
4.6
2.6
2.0
2.0
6.4
5.5
6.8
5.2
1.6
1.6
5.8
3.8
2.0
1.9
8.3
6.6
1.7
1.5
10.2
8.4
1.9
1.7
9.6
5.6
3.8
3.8
8.7
6.5
2.1
2.1
5.4
3.1
2.3
2.3
6.2
5.4
7.3
5.6
1.6
1.6
7.4
5.2
2.0
2.0
7.3
5.5
1.7
1.7
8.7
6.6
2.0
2.0
11.6
7.5
3.8
3.8
7.0
4.7
2.1
2.1
5.7
3.3
2.3
2.3
5.5
4.2
1.2
1.2
5.7
4.1
1.5
1.5
3.8
2.3
1.5
1.4
6.5
5.5
1.1
9.7
8.3
1.5
1.3
8.6
5.1
3.4
3.4
8.1
5.6
2.4
2.4
4.2
2.2
1.9
1.9
4.7
4.0
1.8
5.0
8.0
4.7
5.9
1.9
5.9
4.8
5.0
3.2
5.1
2.8
4.2
2.2
6.8
4.5
5.5
1.9
5.9
3.7
4.6
2.4
Government consumption expenditures
and gross investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Federal:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
National defense:
Current 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
Addenda:
Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Final sales to domestic purchasers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Command-basis gross national product:
Chain-type quantity index
Disposable personal income:
Current dollars
Chained (1996) dollars
Final sales of computers':
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
4.3
4.3
2.9
2.9
6.3 26.6 33.3 -1.3 46.0 32.0 16.2
1.2
41.5 47.2 56.4 69.9 26.6 76.2 55.4 37.7
-19.1 -21.8 -22.3 -17.2 -15.1 -15.6
-27.8
-28.5
-28.5 -27.8 -19.1 -21.5 -22.0 -17.2 -15.0 -15.6
Gross domestic product less final sales
of computers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.7
4.0
1.6
1.6
5.8
3.9
1.9.
1.9
3.7
2.0
1.7
1.6
6.4
5.2
1.3
1.2
9.8
8.1
1.8
1.6
8.0
4.3
3.6
3.6
7.9
5.2
2.6
2.6
4.2
2.0
2.2
2.2
Gross domestic purchases less final
sales of computers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
6.3
5.0
1.2
1.2
6.8
4.7
2.0
2.0
5.5
3.1
2.4
2.3
8.1
6.1
2.0
1.9
10.3
8.1
2.2
2.0
9.5
5.3
4.0
4.0
8.4
5.9
2.4
2.4
5.3
2.6
2.5
2.6
NOTE.—Contributions to the percent change in real gross domestic product are shown in table 8.2.
D-26
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 8.2.—Contributions to Percent Change in Real Gross Domestic
Product
Table 8.3.—Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
Seasonally adjusted at annual rates
1998
1999
1999
Seasonally adjusted at annual rates
2000
1998
Percent change at annual rate:
4.2
2.5
5.7
8.3
4.8
5.6
2.4
Percentage points at annual rates:
3.12
3.52
3.67
3.43
4.08
5.03
2.14
3.02
Durable goods
Motor vehicles and parts
Furniture and household
equipment
Other
.81
.32
.96
.35
1.14
.62
.64
-.02
1.04
.27
1.79
.87
-.42
-.64
.64
.26
.36
.13
.44
.17
.41
.11
.45
.20
.52
.25
.56
.37
.18
.04
.27
.11
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other
energy goods
Other
.79
.23
.24
1.10
.39
.29
.75
.24
.14
.97
.41
.24
1.47
.90
0
1.19
.28
.63
.74
.20
.18
.95
.12
.31
.02
.29
.05
.37
.10
.27
-.02
•34
.09
.48
-.26
.54
.08
.27
.09
.44
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
1.53
.26
.19
.03
.16
.08
.30
.09
.61
1.46
.25
.17
.01
.16
.10
.26
.13
.55
1.78
.25
.18
-.01
.18
.11
.35
.16
.73
1.81
.25
.39
.23
.16
.14
.36
.18
.49
1.58 2.04
.29
-.22
-.32
.10
.11
.36
.10
.94
.23
.23
.09
.14
.12
.22
.24
1.00
1.83
.27
.42
.27
.16
.11
.30
.23
.50
1.43
.22
.07
-.06
.12
.04
.27
.22
.61
Gross private domestic investment..
2.06
1.15
.01
2.50
3.04
.92
3.66
.40
Fixed investment
Nonresidential
Structures
Equipment and software
Information processing
equipment and software ..
Computers and peripheral
equipment
Software!
Other
Industrial equipment
Transportation equipment ....
Other
Residential
,
1.87
1.54
.22
1.32
1.53
1.26
-.05
1.30
1.43
1.18
-.20
1.38
1.33
1.47
-.19
1.66
1.26 2.68
1.22 2.54
.29
.63
.94 1.91
1.93
1.87
.14
1.73
.58
1.04
.45
.59
1.03
1.21
1.20
.91
1.37
1.28
.85
.39
.40
.25
.01
.27
-.01
.27
.45
.33
.42
.09
.26
-.18
.25
.43
.48
.29
.15
.45
-.13
-.13
.23
.53
.15
.17
-.13
-.02
.03
.34
.39
.63
.26
.06
.23
.14
.53
.39
.37
.22
.08
.15
.06
.39
.43
.03
.16
-.35
-.07
-.46
Change in private inventories
Farm
Nonfarm
.20
-.02
.22
-.37 -1.42
.01
-.01
-.37 -1.44
1.17
-.14
1.32
1.78 -1.76
.49 -.15
1.29 -1.60
1.73
.10
1.63
-.18
-.05
-.13
-.94 -1.00
-.79
Personal consumption expenditures
Net exports of goods and services ..
,
Government consumption
expenditures and gross
investment
.38
.37
.13
.08
.21
.15
.33
-1.20 -1.03 -1.35 -1.08
.26
.18
.08
-1.46
-1.21
-.24
-.37
.32
.67 1.48 1.60
.60 1.05 1.09
.94
.46 1.37 1.46
.51 1.13
.30
.15
.11 .15
.02
.21
.08 -.08
-1.35 -1.95 -2.13 -1.45 -1.61 -2.48 -2.39
-1.32 -1.89 -1.99 -1.28 -1.28 -2.26 -1.95
-.04 -.05 -.13 -.17 -.33 -.22 -.44
-.18
.85
-.26
.79 -.93
.97
.21
-.06
.27
.46
.36
.10
-.05
.01
-.06
.48
.46
.03
.30
.10
.20
.60
.57
.03
.37
.25
.12
-.57
-.38
-.34
-.04
-.19
-.16
-.03
.43
.26
.17
.01
.24
-.23
.43
.31
.12
.71
.30
.41
.75 -.12
.29 .25
.46 -.37
.31
.25
.05
2.28
1.64
.30
.34
.40
1.14
1.63
-.31
.06
.44
3.92
-.31
.45
.55
5.14
2.45
.67
.31
.25
.38
.59
.13
.84
Federal
National defense
Consumption expenditures
Gross investment
Nondefense
Consumption expenditures
Gross investment
-.03
-.07
-.09
.02
.04
-.02
.06
.16
.08
.04
.04
.08
0
.07
.1
-.09
-.20
.10
.41
State and local
Consumption expenditures
Gross investment
.41
.33
.08
2.32
1.49
.56
.28
.38
Addenda:
Goods
Services
Structures
Motor vehicle output
Final sales of computers2
2.09
1.50
-.86
-.82
-.04
-.07
.05
-.12
2.41
1.34
1.09
.01
.60
3.18
2.75
-.28
-.16
.50
1.54
.87
-.05
-.62
.37
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.
2000
Percent change at annual rate:
4.4
Gross domestic product
Exports
Goods
Services
Imports
Goods
Services
1999
1999
Personal consumption
expenditures
5.0
5.9
7.6
3.1
4.5
1.71
.95
1.52
2.67
-.64
.96
.93
.62
.16
-.03
.67
.30
.39
.77
.36
1.29
.83
.55
-.95
.26
.38
.41
.17
1.64
1.14
1.43
2.14
1.81
1.06
1.43
.59
.43
.38
.21
.61
.35
1.32
.44
.94
.29
.27
.19
.46
.03
.05
-.02
.44
.07
.05
.02
.55
.15
.11
.04
.41
-.03
-.05
.02
.50
.12
.17
-.05
.70
-.38
-.34
-.04
.81
.12
.07
.05
.39
.13
.10
.03
.66
2.30
2.20
2.71
2.67
2.27
3.10
2.64
2.16
.39
.28
.04
.24
.13
.45
.13
.92
.38
.26
.02
.24
.14
.39
.20
.83
.39
.27
-.01
.28
.17
.54
.24
1.10
.37
.57
.34
.23
.21
.53
.27
.72
.42
-.34
-.48
.14
.16
.51
.15
1.37
.36
.35
.14
.21
.18
.34
.36
1.51
.38
.62
.39
.23
.16
.42
.33
.73
.33
.10
-.08
.19
.07
.40
.33
.92
.14
.31
-.35
-.24
.51
.05
4.62
5.05
4.13
4.96
7.38
2.27
4.31
4.7
5.3
5.6
1.22
1.45
.48
.55
.19
.53
.66
.26
1.18
.34
.37
Percentage points at annual rates:
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline, fuel oil, and other energy
goods
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Recreation
Other
Addenda:
Energy goods and services'
Personal consumption expenditures less
food and energy
.08
4.28
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.4. The estimates in this table differ from those in table 8.2 because this table shows contributions to real personal consumption
expenditures, whereas table 8.2 shows contributions to real gross domestic product.
December 2000
Table 8.4.—Contributions to Percent Change in Real Private Fixed
Investment by Type
Table 8.6.—Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment by Type
Seasonally adjusted at annual rates
1998
1999
1999
Seasonally adjusted at annual rates
1999
1999
2000
II
Percent change at annual rate:
Private fixed investment
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Equipment and software
Information processing equipment
and software
Computers and peripheral
equipmentl
Software2
Other
Industrial equipment
Transportation equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
..
Equipment
3.3
7.04 15.37 10.83
5.84
-.28 -1.11 -1.09
1.66
3.80
2.52
-.13 -1.64 -1.20
.04 -.04
.11
.53
.11
3.26
.26
.84
-.50
1.18
.47
-.16
0
-.23
.04
.28
.28
.19
-.20
.92
.43
.10 -.15
.63
-.12
.57
.30
8.31
7.82
8.23
9.67
5.38 11.57
9.97
3.32
5.53
6.21
7.13 6.95 5.26
2.38
2.34
.82
.53
1.33
.92
2.33 2.68
2.40 1.95
1.49 2.50
.06
.54
1.62 1.57
-.07 -1.00
2.50
2.77
1.68
.86
2.60
-.73
2.07
1.62
2.04
1.36
-.02
.70
.03
9.2
8.7
7.8
9.71
7.54
7.12
8.58
1.41
.96
.60
16.4
8.15
7.37 4.78
1.35
3.04
.87
1.00
-.78
-.10
2.02
2.38
3.75
1.59
.45
1.38
3.01
2.24
2.12
1.56
-.74
.18
1.00
1.57
.86
.12
.60
1.49
.31
-.08
1.26
-.78
-.77
.06
-.07
.14
.90
-.08
.05
.07
.04
.04
1.26
2.16
2.43
.19
.88
.49 -1.98
.85 -.36
.41 -2.59
.40 -2.60
.91
2.02 -.54 -2.15
.25 -.04 -.54
.97 .09
-1.35
.09
.01
.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 table 7.6. The estimates in this table differ from those in table 8.2 because this table shows contributions to real private fixed investment, whereas table 8.2 shows contributions to real gross domestic product.
Table 8.5.—Contributions to Percent Change in Real Exports and in Real
Imports of Goods and Services by Type of Product
Percent change at annual rate:
Exports of goods and services
2.3
2.9
5.8 10.2
4.99 10.82
8.84
1.09
1.48
1.18
-.41
2.80
2.95
10.3
6.3
14.3
15.4
Percentage points at annual rates:
Exports of goods'
Foods, feeds, and beverages
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles, engines, and
parts
Consumer goods, except automotive
Other
Exports of servicesl
1.55
2.78
-.05
-.17
1.32
.13
.12
1.72
-.10
.22
.20
.36
.70
.18
.40
.88
.07
.30
.15
.85 -.64
11.9
10.7
1.38
.95
6.98
.93 -.04
.51 1.11
.07 2.44
4.31 13.13 13.85
.29 -.12
.54 1.47
1.04 11.95
1.71
3.03
6.91
1.03
1.37
-.11
.80
.52
.28
1.12
.04
-.58
1.43
1.99
1.21
1.56
16.9
10.7
12.0
18.6
17.4
9.86 10.39 15.66 15.77
9.42
Percent change at annual rate:
Imports of goods and services
16.2
Percentage points at annual rates:
Imports of goods l
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 services1
.28
.34
.62
1.39
.41
.60
0
3.51
3.58
.88 2.60
.40
9.52 16.85 14.26
.43
.61
.64 -.23
1.44
-.41
6.13
.10
-.01
1.49
1.22
6.42
1.48 1.69
-.29 -2.41
5.14 4.13
1.95
3.33
2.54
7.77
.37
.58 2.28
2.19
1.08
2.22
2.31
1.39
4.02
3.70
1.32
2.94
2.60
1.57
2.60
-.55
5.13
.91
2.00
.29
.55
1.13
1.30
2.45
1.71
2.48
1.36
.62 2.85
3.17
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 table 7.10. The estimates in this table differ from those in table 8.2 because this table shows contributions to real exports and to
real imports, whereas table 8.2 shows contributions to real gross domestic product. Because imports are subtracted
in the calculation of gross domestic product, the contributions of components of real imports have opposite signs
in this table and in table 8.2.
III
2000
IV
Percent change at annual rate:
7.2
11.2
11.8
Percentage points at annual rates:
Nonresidential
B-27
National Data
SURVEY OF CURRENT BUSINESS
Government consumption
expenditures and gross
investment •
2.1
3.3
0.8
4.8
8.5 -1.1
4.8 -1.5
Percentage points at annual rates:
-.18
.88
.69
2.35
4.47 ^5.27
5.51 -4.24
National defense
Consumption expenditures
Durable goods2
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
-.41
-.53
.02
.02
-.57
.45 -.52
.20 -1.11
.49
.07
.22
.05
-1.82
2.62
2.04
.36
.44
1.24
2.75 -4.86
2.61 -4.65
-.44 0
-.46
.36
3.51 -5.02
3.42 -2.18
3.25 -1.95
-.05 -.09
-.04 -.24
3.34 -1.62
-.21
.09
Nondefense
Consumption expenditures
Durable goods2
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
.23
-.10
-.09
.08
-.09
Federal
State and local
Consumption expenditures
Durable goods2
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
-.28
-.23
.02 .03
.03
-.02
.29 -1.64 1.12
-.28
.58
.12 .25 .59
-.03 -.02 -.03 -.04
.27 .62
.61
.15
.43
.02
.10
.01
1.21
-.32
.01
-.08
-.25
-.24
-.13
.04
.26
.05
.05
3.69 -4.94
.15 -.21
-.01 -.13
.16 -.07
.06
.06
3.24 -1.94
.17 -.23
-.06 0
.23 -.23
.13
1.72
.59
.01
.30
.28
-.41
.29
.02
-.14
.41
2.09 -1.06
1.41 -.90
0
-.05
-.06
.14
1.47 -.99
-.21
-.26
.06
-.03
-.04
.06
.04
.27
.43
1.11
-.93
.13
-.28
.33
.07
.25
.18
-.31
.41
-.03
.43
.19
-.03
1.52
-.24
1.76
.20
.15
-.33
.02
-.35
.20
-.19
.92
.21
-.23
-.70
-.18
-.52
.20
.15
.68
-.09
.77
.20
-.25
-.16
-.04
-.11
2.31
1.87
.08
.41
1.38
2.46
1.50
.06
.29
1.14
.07 2.43
1.39 1.75
.06
.05
.29
.32
4.17
1.60
.06
.29
1.25
-.69
1.40
.06
.31
1.04
1.75
1.44
.06
.30
1.08
.61
.55
.77
.52
.61
.28
.49
.44
.05
.39
.37
.35
.13
.15
2.57 -2.09
2.18 -2.56
.40
.48
.38
.08
.31
-.14
.45
1.13
.21
1.04
1.38
4.04
1.72
.08
.34
1.30
.43
.67
.52
.32
.32
.28
.29
.96 -1.31
.53 -1.74
.43
.43
.34
.37
.68
.17
.51
.36
.43
2.31
1.84
.47
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero
net return on these assets.
NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.11. The 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.
D-28 • National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table 8.7.—Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
1998
1999
Current dollars:
Gross domestic product
Gross national product
Personal income
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
32,489
32,476
27,317
23,359
21,625
2,565
6,311
12,749
34,063
34,023
28,534
24,314
22,962
Chained (1996) dollars:
Gross domestic product
Gross national product
Disposable personal income
Personal consumption expenditures
Durable goods
Nondurable goods
Services
31,474
31,472
22,672
20,989
2,688
6,227
12,084
32,512
32,485
23,191
21,901
2,996
6,518
12,421
2,789
6,760
13,414
1999
2000
33,716
33,680
28,353
24,196
22,791
2,774
6,696
13,321
34,176
34,127
28,643
24,384
23,123
2,807
6,805
13,511
34,892
34,843
29,098
24,728
23,528
2,875
6,972
13,681
35,528
35,500
29,529
25,014
24,122
3,010
7,154
13,958
36,158
36,128
29,965
25,322
24,381
2,961
7,262
14,158
36,456
36,412
30,287
25,542
24,722
32,218
32,194
23,133
21,789
32,584
32,546
23,203
22,003
3,023
6,535
12,480
33,156
33,123
23,404
22,268
3,109
6,636
12,567
33,485
33,470
23,472
22,635
3,272
6,720
12,703
33,880
33,861
33,995
33,962
23,720
2,973
6,474
12,374
2,994
7,369
14,359
23,639
22,761
3,224
6,766
12,822
22,958
3,279
6,829
12,906
270,560 272,996 272,619 273,315 273,980 274,508 275,059 275,735
Population (mid-period, thousands)
Table 8.8B.—Motor Vehicle Output
Table 8.9B.—Real Motor Vehicle Output
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
1999
Motor vehicle output
Auto output
Truck outputi
Final sales of domestic product
Personal consumption expenditures
New motor vehicles
Autos
Light trucks
Net purchases of used autos
Private fixed investment
New motor vehicles
Autos
Trucks
Light trucks
Other
Net purchases of used autos
Gross government investment
Autos
New trucks
Net exports
Exports
Autos
Trucks
Imports
Autos
Trucks
Change in private inventories
Autos
New
Domestic
Foreign
Used
New trucks
Domestic
Foreign
Addenda:
Final sales of motor vehicles to
domestic purchasers
Private fixed investment in new autos
and new light trucks
Domestic output of new autos 2
Sales of imported new autos3
314.9 346.6 338.6 352.6
127.3 126.1 124.1 125.4
187.5 220.5 214.5 227.2
314.3 336.3 338.2 340.3
355.9
127.2
228.7
358.1
276.2
216.9
107.0
109.8
59.3
166.7
204.1
81.5
122.5
83.7
38.8
-37.4
13.5
3.4
10.1
174.1 195.4 195.9
87.8 97.3 98.0
86.4 98.1 97.9
55.3 58.7 60.3
140.2 159.9 157.8
175.2 195.5 193.4
75.6 79.7 81.1
99.6 115.8 112.3
66.9 76.7 73.9
32.7 39.0 38.4
-35.0 -35.6 -35.6
12.4 13.0 11.2
3.5
3.9
3.8
7.7
9.0
8.6
-67.7 -90.8 -87.1
26.7 26.0 26.3
16.2 16.5 17.0
10.5
9.3
9.5
94.3 116.7 113.3
79.4 96.3 92.8
15.0 20.4 20.5
.4
.5 10.3
15.8
9.8
121.6
100.9
20.7
12.3
15.9
3.0
2.3
1.3
1.0
.7
-2.5
-2.3
-1
1.8
1.6
.3
1.3
.2
8.5
8.1
.5
-7.4
-5.1
-5.7
.5
-2.3
7.8
8.2
-.4
4.3
3.0
2.4
.7
1.3
8.0
196.2
96.7
99.5
60.2
166.3
204.0
82.6
121.4
81.7
39.7
-37.6
13.5
4.3
9.2
-96.0
25.6
8.9
-.9
355.5
120.6
234.9
340.1
116.7
223.5
339.2 332.9
265.2 269.8
206.5 209.1
103.9
102.5
58.7
159.4
194.2
75.2
119.0
81.7
37.3
-34.9
12.7
3.8
8.9
-98.1
27.3 27.8
17.0 17.3
100.0
109.1
60.7
155.5
190.7
74.5
116.3
83.2
33.1
-35.2
13.1
5.0
8.1
-105.5
27.3
16.4
10.3 10.5
125.6 125.8
104.0 106.5
21.6 19.3
10.8
132.8
114.0
18.7
-2.1
16.3
7.2
5.2
4.1
1.5
2.6
1.1
.3
-1.5
-3.4
1.9
1.8
3.0
2.2
3.4
-1.2
.8
10.7
8.6
2.1
-2.4
-2.3
-.2
13.3
11.6
1.7
9.3
9.4
8.2
1.2
-.1
-2.1
-.7
-1.5
Final sales of domestic product
Personal consumption expenditures
New motor vehicles
Autos
Light trucks
Net purchases of used autos
Private fixed investment
New motor vehicles
Autos
Trucks
Light trucks
Other
Net purchases of used autos
Gross government investment
Autos
New trucks
Net exports
Exports ....,
Autos ..,
Trucks .,
Imports
Autos ...
Trucks .,
Change in private inventories
Autos
New
Domestic
Foreign
Used
New trucks
Domestic
Foreign
Residual
456.4 437.3
438.4
156.4 155.0 164.;
157.0 165.3 156.9
142,
114.0 116.8 114.3 119.7 117.1 121.3 118.
67.8 78.7 78.5 79.5 83.1 82.7 82.
157.6
118.7
81.5
382.0 427.0 425.3 436.3 437.!
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.
III
Motor vehicle output
Auto output
Truck output l
Addenda:
Final sales of motor vehicles to
domestic purchasers
Private fixed investment in new autos
and new light trucks
Domestic output of new autos 2
Sales of imported new autos3
.,
2000
1999
1999
Ill
IV
357.8
128.8
229.1
342.0
260.7
201.8
101.8
100.0
58.9
161.9
197.5
78.4
119.1
78.7
40.5
-35.7
14.9
4.4
10.5
-95.5
26.6
16.7
9.9
122.1
101.0
21.2
229.4 254.2 256.3 256.4
1998
2000
1999
III
Seasonally adjusted at annual rates
IV
317.9 348.2 341.6 352.0 359.0 359.3 355.2 339.6
129.4 129.1 129.0 126.1 131.2 131.0 122.0 117.8
188.4 218.7 212.4 225.3 227.4 227.8 232.5 221.1
317.5 338.6 340.7 342.6 344.1 361.7 340.0 333.2
231.7 255.9 259.1 257.4 260.9 278.3 265.3 270.0
173.9 195.4 196.1 196.3 201.6 217.6 206.0 209.1
88.4 98.8 99.6 98.3 103.4 109.0 105.3 101.3
85.5 96.5 96.4 97.9 98.1 108.4 100.6 107.6
60.7
57.7 60.3 62.9 60.9 59.1 60.5 59.0
140.4 159.0 155.8 166.0 162.4 166.8 158.8 154.4
177.5 196.8 194.3 205.5 199.4 206.2 195.2 191.0
75.4
76.1 80.9 82.4 84.0 79.7 83.1 76.2
115.6
83.8
32.0
-36.3
12.9
4.7
8.1
-68.6 -64.9 -93.6 -93.4 -96.2 -95.9 -103.2
25.1 25.5 24.8 25.5 26.0 26.4
25.9
15.9
16.1 16.7 15.6 16.3 16.4 16.7
9.7
9.3 9.6
9.3
10.0
8.8
9.0
113.7 110.4 118.4 118.9 122.2 122.3 129.0
94.0 90.5 98.4 98.5 101.5 103.9 111.3
17.8
19.7 19.9 20.0 20.4 20.7 18.5
6.4
9.1 14.4 -2.0 14.7
1.1
9.4
101.5 116.0 112.0 121.6 119.8 123.2 119.1
69.1 78.0 74.7 83.2 80.3 85.5 82.9
32.4 37.9 37.2 38.4 39.4 37.7 36.2
-37.1 -37.5 -38.2 -39.2 -36.7 -39.1 -36.1
12.4 12.8 11.1 13.4 14.7 13.4 12.5
4.1
4.1
3.7
3.6
3.3
3.4
3.8
8.9
9.3 10.6 10.1
7.7
9.0
8.8
-66.9
26.1
16.0
10.1
93.0
78.3
14.7
.9
.8
-2.2
-2.0
-.1
1.4
1.2
0
1.2
.2
7.3
6.9
.5
-6.9
-4.4
-4.9
.4
-2.5
1.8
.4
-.3
.7
1
6.8
7.1
-.4
6.8
7.
-.9
-.8
.3
.7
2.3
1.5
2.7
-1.2
.8
11.2
9.7
1.6
1.0
-1.8
-5
-1.3
-1.5
384.5 427.7 425.9 436.8 438.0 458.5 436.6
437.3
145.1 158.8 157.0 167.0 159.8 168.4 158.9
114.4 117.5 116.2 118.9 117.7 122.6 118.4
84.3 83.4
68.3 79.9 79.7 80.8 84.!
159.1
118.9
82.6
3.1
2.3
1.4
4.7
3.6
.9
2.6
1.1
9.1
7.2
2.0
.4
-1.5
-3.3
1.8
1.9
-2.1
-2.0
-.2
.5
-1.2
8.9
8.9
7.8
1.1
-.1
1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda.
Chain-type quantity indexes for the series in this table are shown in table 7.18B.
December 2000
D-29
National Data
SURVEY OF CURRENT BUSINESS
B. Other NIPA and NIPA-Related Tables
Monthly Estimates
Tables B.I and B.2 include the most recent estimates of personal income and its components; these estimates were
released on November 30, 2000 and include "preliminary" estimates for October 2000 and "revised" estimates for
July-September 2000.
Table B.1.—Personal Income
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
2000
1999
1998
1999
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. r
Sepf
Oct.
7,391.0
7,789.6
7,847.0
7,945.7
7,977.0
7,994.3
8,056.4
8,099.6
8,161.6
8,209.3
8,237.6
8,279.5
8,301.6
8,330.2
8,421.4
8,404.9
4,190.7
3,498.0
1,038.6
756.6
949.1
1,510.3
692.7
4,470.0
3,745.6
1,089.2
782.4
1,020.3
1,636.0
724.4
4,527.7
3,797.8
1,103.0
792.1
1,033.4
1,661.3
729.9
4,559.6
3,827.4
1,110.7
797.5
1,041.7
1,675.0
732.2
4,572.6
3,838.2
1,109.6
793.4
1,046.5
1,682.1
734.4
4,602.7
3,865.9
1,113.2
794.3
1,060.1
1,692.6
736.9
4,637.4
3,890.6
1,125.9
800.7
1,065.9
1,698.8
746.9
4,657.8
3,908.5
1,128.8
802.9
1,070.7
1,708.9
749.2
4,685.9
3,932.3
1,138.0
804.8
1,076.2
1,718.0
753.6
4,726.9
3.969.9
1,148.3
813.2
1,091.5
1,730.2
757.0
4,730.0
3,966.6
1,142.2
809.4
1,090.2
1,734.2
763.4
4,763.5
4,003.4
1,150.8
816.7
1,105.5
1,747.2
760.1
4,788.8
4,025.0
1,162.2
824.0
1,112.1
1,750.8
763.8
4,797.6
4,032.2
1,158.8
819.7
1,1135
1,760.3
765.4
4,824.9
4,058.3
1,159.1
817.0
1,129.3
1,769.9
766.6
4,857.8
4,088.9
1,170.3
825.0
1,139.9
1,778.7
768.9
485.5
501.0
504.3
505.8
507.4
514.1
516.2
518.4
520.5
522.5
525.1
527.6
530.0
663.5
25.3
638.2
685.1
17.3
667.9
690.0
18.4
671.7
704.7
17.5
687.1
716.9
23.7
693.2
706.1
17.5
688.6
532.1
709.7
16.0
693.7
351.1
983.0
578.0
19.5
385.4
1,016.2
588.0
20.3
407.9
1,042.5
605.0
20.2
417.3
338.5
390.6
1,026.1
1,053.8
613.4
19.4
420.9
357.9
140.0
392.4
1,030.9
1,077.3
634.4
19.3
423.5
316.2
1,047.3
607.7
20.5
419.1
353.2
388.9
1,021.2
1,050.9
611.1
19.7
420.1
355.2
136.2
397.2
940.8
145.3
387.0
1,011.4
138.1
394.8
Personal interest income
Transfer payments to persons ....:
Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits
Other
Less: Personal contributions for social insurance
144.4
384.7
1,002.1
144.3
Personal dividend income
143.4
370.3
963.7
712.8
14.7
698.1
134.9
756.1
62.9
693.2
135.4
706.6
21.7
684.9
147.0
707.0
23.1
683.9
Rental income of persons with CCAdj
655.1
13.0
642.0
127.0
375.8
975.8
1,023.8
591.0
20.2
412.7
342.4
509.0
681.2
15.8
665.5
144.1
382.4
993.1
1,029.2
593.9
19.6
415.7
347.5
511.8
620.7
25.4
595.2
1,036.8
1,067.3
625.0
19.4
422.9
360.4
1,041.5
1,068.7
623.5
19.8
425.4
362.1
Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with IVA and CCAdj
Farm
Nonfarm
39.7
649.2
146.5
378.0
984.4
39.6
659.1
148.0
380.2
989.5
1,027.0
593.1
20.5
413.4
1,026.0
591.3
20.3
414.4
344.6
345.5
p Preliminary.
r
Revised.
CCAdj Capital consumption adjustment.
351.8
358.2
399.6
1,045.6
1,074.8
627.2
19.9
427.7
144.6
402.2
134.8
404.7
1,049.0
1,079.0
630.9
20.1
428.0
1,052.3
1,080.1
629.0
20.1
430.9
362.6
364.5
366.6
IVA Inventory valuation adjustment.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Table B.2.—The Disposition of Personal Income
[Monthly estimates seasonally adjusted at annual rates]
2000
1999
1998
1999
Sept. I Oct. I Nov. [ Dec.
Jan. | Feb. [ M a r . | Apr. | May | June | July | Aug. r | Sept. r J Oct.*
Billions of dollars, unless otherwise indicated
Personal income
Less: Personal tax and nontax payments
Equals'. Disposable personal income
Lsssi Personal outlays
Personal consumption expenditures
......
Durable goods
Nondurable goods
,
Services
Interest paid by persons
Personal transfer payments to the rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal income:
Billions of chained (1996) dollars1
Per capita:
Current dollars
Chained (1996) dollars
Population (thousands)
Personal consumption expenditures:
Billions of chained (1996) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator, 1996=100
7,391.0
7,789.6
1,070.9
6,320.0
6,054.7
5,850.9
693.9
1,707.6
3,449.3
179.8
24.0
265.4
1,152.0
6,637.7
6,490.1
6,268.7
761.3
1,845.5
3,661.9
194.8
26.6
147.6
6,134.1
6,331.0
7,847.0
1,178.6
6,668.3
6,583.0
7,945.7
6,358.9
774.7
1,877.3
3,706.8
197.5
26.6
85.3
6,399.3
778.2
1,891.1
3,730.0
198.6
27.6
134.5
6,327.6
6,403.8
1,185.6
6,760.0
6,625.5
7,977.0
1,195.4
6,781.6
8,056.4
1,225.7
6,830.6
6,791.7
8,099.6
1,241.1
6,858.5
6,868.7
8,161.6
1,251.2
6,910.4
6,906.2
8,209.3
1,269.6
8,237.6
1,274.1
6,963.5
6,660.9
6,433.2
786.9
1,899.3
3,747.0
200.2
27.6
120.7
1,210.9
6,783.4
6,735.7
6,920.2
6,939.9
1.287.9
6,991.5
6,972.9
6,506.3
797.6
1,940.2
3,768.4
201.8
27.6
47.7
6,558.9
820.2
1,937.1
3,801.6
204.3
28.5
38.9
6,635.0
834.2
1,965.4
3,835.4
205.2
28.5
-10.3
6,671.3
824.3
1,989.2
3,857.7
206.4
28.5
4.2
6,683.7
819.2
1,989.2
3,875.3
208.1
28.3
19.5
6,702.1
812.2
1,994.6
3,895.3
209.5
28.3
23.6
6,733.1
811.5
2,009.1
3,912.5
211.4
28.3
18.7
6,420.7
6,412.0
6,438.7
6,434.9
6,455.9
6,483.2
6,507.4
6,515.6
7,994.3
8,279.5
8,330.2
8,421.4
1,321.6
7,099.7
7,016.1
6,774.1
817.3
2,024.3
3,932.5
212.7
29.4
1,309.0
7,021.2
7,051.4
6,807.4
821.1
2,026.2
3,960.1
214.6
29.4
7,113.1
8,404.9
1,334.6
7,070.3
7,126.2
838.2
2,045.5
3,984.9
215.1
29.4
6,880.7
819.1
2,051.2
4,010.4
216.1
29.4
-8.3
-30.1
-13.3
-55.9
6,516.0
6,528.5
6,577.1
6,538.8
8,301.6
1,293.7
7,007.8
23,359 24,314 24,377 24,691 24,752 24,741 24,898 24,985 25,159 25,248 25,317 25,399 25,437 25,463 25,726 25,599
22,672 23,191 23,131 23,390 23,435 23,387 23,469 23,442 23,504 23,587 23,658 23,670 23,652 23,677 23,833 23,675
270,560 272,996 273,556 273,782 273,984 274,174 274,347 274,503 274,674 274,859 275,054 275,264 275,496 275,738 275,970 276,191
5,678.7
727.3
1,684.8
3,269.4
103.03
5,978.8
817.8
1,779.4
3,390.8
104.85
6,033.9
834.8
1,791.9
3,417.6
105.39
6,062.1
840.0
1,801.6
3,431.2
105.56
6,090.8
850.6
1,810.9
3,441.2
105.62
6,150.0
864.8
1,841.7
3,456.8
105.79
6,182.6
890.4
1,836.6
3,471.7
106.09
6,225.2
907.3
1,847.6
3,488.3
106.58
6,232.5
896.9
1,850.1
3,501.5
107.04
6,244.0
891.5
1,853.6
3,513.9
107.04
6,263.1
883.0
1,863.8
3,529.6
107.01
6,274.8
885.5
1,866.0
3,536.7
107.30
6,298.7
892.8
1,877.3
3,542.7
107.55
6,329.7
900.2
1,885.9
3,558.4
107.55
6,363.0
919.2
1,886.1
3,575.0
107.95
6,363.5
899.2
1,892.7
3,585.2
108.13
4.2
2.2
1.3
2.0
1.8
0.7
0.6
-0.1
0.1
0.3
0.3
0.3
-0.1
-0.4
-0.2
-O.8
6.5
5.4
0.1
1.3
0.4
0.2
0.8
0.5
0.8
0.6
0.3
0.5
0.3
0.3
1.1
-0.2
Disposable personal income:
Current dollars
Chained (1996) dollars
5.0
3.2
-0.3
-0.6
1.4
1.2
0.3
0.3
0.0
-0.1
0.7
0.4
0.4
-O.1
0.8
0.3
0.4
0.4
0.3
0.4
0.4
0.1
0.2
0.0
0.2
0.2
1.1
0.7
-0.4
-0.6
Personal consumption expenditures:
Current dollars
Chained (1996) dollars
7.1
5.3
0.6
0.2
0.6
0.5
0.5
0.5
1.1
1.0
0.8
0.5
1.2
0.7
0.5
0.1
0.2
0.2
0.3
0.3
0.5
0.2
0.6
0.4
0.5
0.5
0.9
0.5
0.2
0.0
Personal saving as percentage of disposable personal income
Percent change from preceding period, monthly changes at monthly rates
Personal income, current dollars ...
p Preliminary.
r
Revised.
i . Disposable personal income in chained (1996) dollars equals the current-dollar figure divided by the implicit
price deflator for personal consumption expenditures.
2. Monthly estimates equal personal saving for the month as a percentage of disposable personal income for
that month.
Source: U.S. Department of Commerce, Bureau of Economic Analysis,
D-30
• National Data
SURVEY OF CURRENT BUSINESS
December 2000
Annual Estimates
Except as noted for table B.3 below, these tables are derived from the NIPA tables that were published in the August
2000 SURVEY OF CURRENT BUSINESS; they are consistent with the most recent comprehensive and annual revisions.
"Table B.3.-Gross Domestic Product by Industry, Current-Dollar and Real Estimates" is not published in this
issue. For the annual revision of these estimates, see the article "Gross Domestic Product by Industry for 1997-99" in this issue.
December 2000
D-31
National Data
SURVEY OF CURRENT BUSINESS
Table B.4.—Personal Consumption Expenditures by Type of Expenditure
Billions of chained
(1996) dollars
Billions of dollars
Personal consumption expenditures
Food and tobacco
Food purchased for off-premise consumption (n.d.)
Purchased meals and beverages l (n.d.)
Food furnished to employees (including military) (n.d.) ....
Food produced and consumed on farms (n.d.)
Tobacco products (n.d.)
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for offpremise consumption (n.d.)
Other alcoholic beverages (n.d.)
Clothing, accessories, and jewelry
Shoes (n.d.)
Clothing and accessories except shoes 2
Women's and children's (n.d.)
Men's and boys' (n.d.)
Standard clothing issued to military personnel (n.d)
Cleaning, storage, and repair of clothing and shoes ( s . ) .
Jewelry and watches (d)
Other ^ (s.)
Personal care
Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and health clubs (s.)
1997
1998
1999
5,529.3
5,850.9
862.0
486.5
Billions of dollars
1997
1998
1999
6,268.7
5,423.9
5,678.7
5,978.8
963.8
531.8
356.3
9.1
.5
54.4
737.8
66.0
782.3
842.1
477.6
308.0
8.3
.5
47.6
695.5
858.8
488.6
315.3
8.5
.5
46.2
708.9
887.8
316.6
8.5
.5
49.8
710.9
900.2
504.2
332.2
8.9
.5
58.1
43.2
63.1
44.8
69.3
46.2
572
41.8
61.8
42.1
66.4
42.2
348.0
40.1
231.3
148.0
83.3
.3
13.2
41.2
22.0
368.3
41.7
244.4
156.2
88.2
.3
13.5
44.2
24.2
397.2
43.3
263.4
168.7
94.7
.3
14.2
48.8
27.3
348.8
40.1
231.2
148.4
82.8
.3
12.8
42.9
21.4
376.3
42.2
249.8
161.2
88.5
.3
13.0
47.8
23.4
411.5
45.0
273.3
177.6
95.7
.3
13.5
54.0
25.8
86.0
57.5
28.5
75.2
50.5
24.7
78.2
52.5
25.7
81.9
55.7
26.2
906.2
787.2
569.0
181.0
6.0
31.1
807.7
586.7
182.9
5.9
322
828.3
605.7
183.7
5.7
33.4
611.6
53.8
30.9
27.3
53.3
33.8
641.1
56.6
32.8
28.9
57.0
36.8
681.9
60.6
36.0
32.2
63.1
40.5
76.1
80.5
50.6
25.5
53.4
27.1
Housing
Owner-occupied nonfarm dwellings—space rent 4 (s.)
Tenant-occupied nonfarm dwellings—rent5 (s.)
Rental value of farm dwellings (s.)
Other 6 (s.)
810.5
585.5
186.1
6.4
32.5
858.2
622.7
193.8
6.7
35.0
661.1
200.6
7.0
37.5
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances* (d.)
China, glassware, tableware and utensils (d.)
Other durable house furnishings8 (d.)
Semidurable house furnishings9 (n.d.)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (n.d)
Stationery and writing supplies (n.d.)
Household utilities
Electricity (s.)
Gas (s.)
Water and other sanitary services (s.)
Fuel oil and coal (n.d.)
Telephone and telegraph (s.)
Domestic service (s.)...
Other 1 0 (s.)
617.8
53.8
30.8
27.2
53.5
33.1
643.8
682.5
56.4
32.2
29.2
57.4
35.2
60.3
34.5
31.8
62.8
38.3
Medical care
Drug preparations and sundries H (n.d.)
Ophthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
Other professional services 12 (s)
Hospitals and nursing homes 13
Hospitals
Nonprofit (s.)
Proprietary (s.) ....
Government (s.) ..
Nursing homes (s.) .
Health insurance
Medical care and hospitalization14 (s.)
Income loss 15 (s.) ..
Workers' compensation l6 (s.)
984.4
110.6
19.1
208.8
51.9
125.9
408.9
339.6
221.7
41.5
76.3
69.3
59.3
48.5
1.2
9.6
Personal business
489.0
51.4
20.0
188.1
93.8
36.6
42.6
15.1
105.0
13.9
41.2
53.5
21.4
185.8
96.1
32.4
44.5
12.8
113.0
16.0
43.6
57.1
23.1
189.8
96.2
32.7
46.5
14.4
121.7
17.4
45.7
50.9
19.2
506.9
329.9
8.5
.5
43.4
737.3
184.1
93.5
34.1
41.6
15.0
104.7
13.5
40.1
52.1
19.9
186.1
99.6
30.8
42.1
14.0
114.4
15.1
41.5
54.6
21.7
189.4
100.3
30.9
43.0
15.5
126.3
16.0
42.0
963.2
997.0
109.0
18.9
206.0
117.4
1,030.0
127.2
21.2
219.5
50.6
126.8
422.3
353.4
228.2
44.5
80.8
68.9
62.7
50.2
1,040.9 1,102.6
121.8
136.8
20.6
22.1
221.2
232.3
55.0
57.8
132.3
137.2
428.7
451.8
355.1
375.0
233.1
245.5
42.6
46.0
79.3
83.5
73.6
76.8
61.3
64.6
51.7
55.2
1.4
1.5
8.3
7.8
121.1
401.1
334.2
217.3
41.2
75.7
10.2
12.3
.9
11.4
586.2
462.1
485.9
520.4
533.7
49.6
66.8
57.8
46.7
.9
19.9
213.7
50.5
124.3
410.4
342.0
222.0
41.9
78.1
68.3
61.0
48.2
.9
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
1997
1998
Billions of chained
(1996) dollars
1999
1997
1998
1999
50.9
59.1
70.6
50.5
60.3
47.9
55.8
63.5
45.6
51.7
57.1
204.2
222.6
243.8
188.4
195.8
209.5
89.3
55.0
15.2
26.6
92.2
58.7
16.3
29.1
98.0
62.3
16.2
31.9
52.8
14.4
25.7
82.9
53.9
14.9
27.2
83.7
54.7
14.4
28.8
Transportation
User-operated transportation
New autos (d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and
leasing (s.)
Gasoline and oil (n.d.)
Bridge, tunnel, ferry, and road tolls (s.)
Insurance 1 9 ( s )
Purchased local transportation
Mass transit systems (s.)
Taxicab (s.)...
Purchased intercity transportation
Railway (s.)...
Bus (s.)
Airline (s.)
Other 20 (s.) ..
626.7
578.9
82.5
53.1
89.0
39.6
599.4
87.8
55.3
104.0
41.7
146.3
128.1
4.0
36.3
11.6
7.8
3.7
36.2
.7
1.8
29.0
4.7
153.1
115.2
4.2
38.0
12.1
8.0
4.1
37.2
.7
2.1
29.5
4.9
Recreation
Books and maps (d.)
Magazines, newspapers and sheet music (n.d.)
Nondurable toys and sport supplies (n.d.)
Wheel goods, sports and photographic equipment boats,
and pleasure aircraft (d.)
Video and audio goods, including musical instruments,
and computer goods (d.)
Video and audio goods, including musical instruments
(d.).
Computers, peripherals, and software (d.)
Radio and television repair (s.)
Flowers, seeds, and potted plants (n.d.)
Admissions to specified spectator amusements
Motion picture theaters (s.)
Legitimate theaters and opera, and entertainments of
nonprofit institutions (except athletics) (s.)
Spectator sports 21 (s.)
Clubs and fraternal organizations22 (s.) ..,
Commercial participant amusements23 f»-i
(s.) •
Pari-mutuel net receipts (s.)....
Other 24 (s.)
456.6
Education and research
Higher education 25 (s.)
Nursery, elementary, and secondary schools 26 (s.)
Other 27 (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
74.6
n
Legal services (s.)
Funeral and burial expenses (s.)
Other 18 (s.)
656.0
119.9
44.8
619.3
573.5
82.4
54.4
88.1
39.9
608.5
88.4
57.7
103.2
42.3
649.1
98.8
60.3
117.9
45.7
162.1
128.3
4.4
39.1
12.3
8.2
4.0
38.7
.7
2.2
30.7
5.1
144.2
128.1
3.9
32.5
11.3
7.7
3.6
34.5
.7
1.8
27.3
4.6
148.3
131.2
3.8
33.6
12.0
8.0
4.0
35.6
.7
2.0
28.2
4.7
153.9
134.2
3.8
34.2
12.3
8.3
4.0
37.0
.7
2.0
29.5
4.7
534.9
463.7
26.0
28.8
53.7
507.3
26.8
31.5
60.7
567.5
705.5
654.6
97.3
58.7
26.3
29.1
53.2
27.8
32.5
57.3
29.8
37.0
63.1
42.8
46.4
51.3
43.1
47.2
53.3
83.7
90.7
99.1
97.0
122.1
154.3
57.9
25.9
4.0
15.3
22.1
6.3
62.1
28.6
4.0
16.3
23.6
67.3
31.9
3.9
17.5
25.8
7.4
60.4
38.1
3.9
15.8
21.5
6.1
68.1
60.8
79.0
92.3
3.9
16.6
22.5
6.6
3.8
18.3
23.4
6.7
8.6
7.1
14.6
52.8
3.6
109.1
9.1
7.6
15.0
56.4
3.7
116.0
10.2
8.2
15.8
63.1
3.8
124.6
8.4
6.9
14.3
51.5
3.5
105.3
8.7
7.2
14.2
54.1
3.5
108.6
9.2
7.4
14.6
58.8
3.6
113.7
130.5
69.4
29.0
32.1
139.4
148.9
76.7
30.8
41.3
126.0
66.9
28.1
31.0
130.0
67.9
28.1
34.0
133.9
69.1
28.1
36.6
73.2
29.9
36.3
29.2
35.0
71.1
Religious and welfare activities 28 (s.)
149.5
162.6
170.2
145.5
154.0
156.1
Foreign travel and other, net
Foreign travel by U.S. residents 29 (s.)
Expenditures abroad by U.S. residents (n.d.)
Less: Expenditures in the United States by
nonresidents30 (s.)
Less: Personal remittances in kind to nonresidents (n.d.)
-21.8
-15.2
-15.4
-11.2
63.6
2.9
68.9
3.2
72.9
3.5
-20.6
62.4
3.3
69.3
3.6
-10.8
71.5
3.8
86.7
85.6
1.6
1.9
84.7
1.6
82.4
1.6
84.2
1.9
-2.1
-16.0
-41.5
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 receiptssuch 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 receiptssuch 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 receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education
and research. For proprietary and government institutions, equals receipts from users.
29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in
1981.
30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981.
NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes
uses weights, of more than one period, the corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of the most detailed lines.
D-32
• National Data
Table B.6.—Private Fixed Investment in Equipment and Software by
Type
Table B.5.—Private Fixed Investment in Structures by Type
Billions of dollars
1997
Private fixed investment in
structures
Nonresidential .
New
Nonresidential buildings, excluding farm
Industrial
Commercial
Office buildings1
Other2
Religious
Educational
Hospital and institutional
Other3
1998
Billions of chained
(1996) dollars
1999
1997
1998
Billions of dollars
1999
576.1
640.4
680.5
557.2
600.7
618.4
255.8
283.2
285.6
245.4
263.0
259.2
254.3
178.9
33.1
89.7
39.9
49.8
5.6
9.8
15.1
25.5
282.4
243.9
9.5
14.6
24.7
15.1
14.2
9.3
1.5
35.3
4.8
12.0
11.2
6.3
.9
43.0
5.5
12.9
12.0
11.4
1.2
43.5
5.0
15.0
13.5
8.7
1.4
4.5
24.3
22.8
1.5
6.9
3.7
26.2
24.5
1.6
5.3
4.0
24.4
23.2
1.2
5.9
4.0
21.5
20.2
1.3
6.4
173.3
32.1
45.0
4.9
11.4
6.5
1.0
Farm
Mining exploration, shafts, and wells .
Petroleum and natural gas
Other
Other4
3.8
30.1
28.4
1.7
5.5
4.3
29.3
28.0
1.3
6.2
86.9
38.7
48.2
5.4
49.4
6.6
9.5
13.6
27.3
Brokers' commissions on sale of
structures
2.0
2.3
2.4
2.0
2.2
2.3
Net purchases of used structures .
-.5
-1.5
-1.5
-.5
-1.4
-1.3
320.4
357.1
394.9
311.8
337.7
359.2
281.2
311.0
342.9
272.9
293.0
310.4
199.6
186.1
22.9
13.5
80.8
.8
225.5
210.4
185.8
24.6
15.2
84.5
1.0
248.6
234.4
207.2
27.3
14.2
93.0
212.2
197.5
175.9
21.7
14.7
224.2
210.7
187.6
23.2
1.3
193.7
180.5
158.6
21.9
13.3
78.4
.8
41.5
-2.3
48.9
-2.8
54.3
-2.3
41.2
-2.3
47.5
-2.7
.3
-.4
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 ,
Residual ...
163.2
79.9
13.4
85.1
1.2
51.0
-2.1
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and of fraternity and sorority houses.
NOTE—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
1998
1999
751.5
832.6
926.3 772.0 887.3
1,012.1
743.6
824.3
917.4 764.2
879.0
1,003.1
Information processing equipment and software
Computers and peripheral equipmentl
Software2
Communication equipment
Instruments
Photocopy and related equipment
Office and accounting equipment
325.2 367.4 433.0 349.8 431.6
84.9 94.3 102.9 149.3
79.6
116.5 144.1 180.1 119.0 151.0
80.7
73.7
99.1
83.0
74.5
36.4
39.0
33.3
36.2
33.2
13.5
12.7
14.1
13.7
14.1
7.7
8.0
7.9
7.8
8.0
542.2
217.3
188.0
103.8
38.7
12.9
Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials
handling, equipment
Electrical transmission, distribution, and
industrial apparatus
141.0
12.2
4.1
33.3
148.9
Private fixed investment in equipment
and software
1997
1998
1999
258.3
183.4
28.3
98.1
48.7
204.0
31.5
109.1
54.2
54.9
7.3
10.6
15.2
30.4
44.5
5.7
13.2
12.5
11.8
1.3
262.1
185.1
34.1
94.1
45.9
48.2
6.0
10.2
14.4
26.3
198.0
36.5
100.7
49.1
51.6
6.4
10.9
15.4
28.2
36.1
4.9
12.3
284.7
Billions of chained
(1996) dollars
1997
Nonresidential equipment and software
Utilities
Railroads
Telecommunications
Electric light and power
Gas
Petroleum pipelines
Residential
December 2000
SURVEY OF CURRENT BUSINESS
12.6
4.8
34.7
150.7
13.0
5.6
34.8
140.0
12.2
4.1
33.2
146.9
12.6
4.6
34.3
35.8
37.3
38.3
35.4
36.6
32.8
35.3
34.2
32.4
34.7
24.1
168.2
22.7
24.9
193.5 150.5
86.3
113.5
41.1
44.1
14.6
25.7
2.5
2.6
7.7
6.0
33.2
24.1
168.0
99.8
39.2
19.7
2.5
7.1
Transportation equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
22.8
151.4
85.7
42.4
14.8
2.6
5.9
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
130.5 143.5 144.4 129.1 140.9
35.8
35.2
31.7
32.3
36.0
13.6
14.7
14.0
14.0
14.9
12.0
12.5
12.1
12.2
12.8
19.4
18.0 20.2
18.3
20.9
5.1
4.6
4.5
4.6
4.7
16.5
14.9
13.8
14.0
15.3
14.6
14.2
12.4
12.2
13.8
27.5
24.7
22.8
23.0
25.1
less: Sale of equipment scrap, excluding autos
Residential equipment
97.9
40.6
20.0
2.6
7.0
24.8
191.8
113.6
43.4
24.9
2.4
7.8
140.7
34.9
13.3
11.6
18.3
4.9
15.9
15.2
26.8
4.5
3.7
4.2
4.4
4.3
5.2
7.9
8.3
8.9
7.9
8.3
9.1
-3.1
-13.9
-41.2
Residual
Addenda:
Private fixed investment in equipment and
software
Lessr. 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
7.9
147.8
13.1
5.4
34.2
37.1
751.5
7.7
832.6 926.3
8.2
8.1
.9
38.3
.4
1.2
1.0
39.3
.5
4.6
3.8
39.8
.7
4.3
786.3
866.8 962.1
1. Includes new computers and peripheral equipment only.
2. Excludes software "embedded," or bundled, in computers and other equipment.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
n.e.c. Not elsewhere classified.
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-33
Table B.7.—Compensation and Wage and Salary Accruals by Industry
[Millions of dollars]
Compensation
1997
1998
Wage and salary accruals
1999
1997
1998
1999
1997
82,157
19,565
53,721
88,796
66,455
22,341
55,124
102,678
77,879
24,799
58,129
69,025
52,329
16,696
45,049
75.099
55,891
19,208
46,509
87,566
66,176
21,390
49,329
Wholesale trade.
307,479
332,226
355,005
266,391
288,718
308,791
16,575
Retail trade.
426,010
454,854
485,299
365,711
392,737
420,635
27,215
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
377,552
421,812
452,941
368,133
87,566
29,516
79,430
78,125
94,243
37,865
92,618
85,098
97,933
40,027
105,872
89,700
327,411
73,726
25,405
71,315
67,229
80,080
32,860
83,641
73,551
396,575
83,593
34,792
95,669
77,697
34,456
47,750
20,709
36,084
53,256
22,648
38,148
56,890
24,371
30,395
41,565
17,776
31,863
46,548
19,590
33,733
49,859
21,232
4,651,280
4,984,194 5,299,765 3,885,977 4,192,775
4,475,142
Domestic industries
4,656,151
4,989,375 5,305,152 3,890,848 4,197,956
4,480,529
Private industries
3,773,522
4,075,046 4,351,977 3,226,590 3,505,274
3,756,128
40,863
16,222
24,641
43,790
49,947
25,318
46,493
18,675
27,818
30,501
37,483
15,138
22,345
35,245
3,190
5,653
21,429
4,973
36,036
2,956
5,569
22,234
5,277
34,461
2,907
5,206
20,888
5,460
29,792
2,678
4,717
18,181
4,216
30,587
2,481
4,666
18,948
4,492
29,290
Construction
220,889
243,014
268,836
189,456
210,384
233,781
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
852,365
529,924
25,817
16,535
23,487
36,042
61,786
110.141
895,122
560,865
27,252
17,840
24,782
36,745
64,619
117,372
925,153
584,774
28,820
18,885
25,906
37,105
755,391
472,581
23,075
15,065
20,634
30,427
54,094
100,604
783,049
121,946
714,638
443,497
21,741
13,866
19,431
29,637
51,357
93,957
85,705
58,375
49,100
48,777
91,567
61,774
52,454
51,731
97,885
65,430
52,553
54,059
71,809
48,371
40,137
41,372
77,237
51,601
43,364
44,104
82,848
54,866
43,585
46,160
14,159
322,441
62,478
2,928
18,878
19,855
33,383
64,088
70,667
9,772
14,729
334,257
64,923
2,706
18,843
19,441
33,880
67,467
74,657
10,173
15,327
340,379
66,467
2,669
18,290
18,520
34,621
69,778
77,347
9,811
11,819
271,141
52,659
2,375
16,102
16,754
28,437
54,831
57,901
8,116
12,376
282,810
55,034
2,188
16,141
16,467
28,977
58,020
61,798
8,499
12,916
289,042
56,561
2,170
15,687
15,697
29,679
60,187
64,430
8,211
37,755
2,637
39,614
2,553
40,399
2,477
31,721
2,245
33,507
2,179
34,301
2,119
299,385
163,507
15,752
319,633
175,713
17,047
346,868
186,061
16,999
247,831
133,757
11,756
266,868
145,260
12,886
291,788
154,893
12,740
10,495
62,099
8,349
49,875
969
15,968
11,189
66,240
8,780
54,141
985
17,331
11,874
70,421
9,034
58,478
981
18,274
8,862
9,516
54,688
7,312
45,120
845
14,893
10,159
42,881
fining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
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
17,563
19,446
41,092
827
13,643
2,449
4,367
17,813
4,661
494,007
24,481
16,003
21,628
30,819
56,122
104,579
7,575
49,117
843
15,770
1. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
3. Includes Coast Guard.
4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed
Wage and salary accruals
1998
Total
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and
fishing
Compensation
1997
1999
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services ..
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
...
1,211,716 1,325,856
1999
1,433,467 1,047,877 1,151,593 1,248,429
37,277
46,006
40,424
34,575
23,880
28,561
25,336
22,477
353,616 223,096 264,072 310,041
32,673
30,250
37,093
28,133
11,903
11,643
13,607
10,870
19,839
19,143
22,591
17,732
41,242
37,793
47,481
34,722
410,078 319,481 335,629 349,355
54,931
59.595
63,443
72,301
49,601
54,002
57,692
66,437
39,609
25,441
42,560
26,962
256,124
32,091
12,458
20,220
40,283
378,558
62,903
57,563
302,015
34,408
13,317
21,799
43,664
395,515
68,037
62,382
99,414
50,415
48,999
175,017
12,035
106,435
54,995
51,440
194,782
13,980
113,608
58,982
54,626
210,621
11,467
87,956
43,606
44,350
152,577
11,726
94,358
47,765
46,593
170,311
13,640
100,862
51,357
49,505
184,471
11,148
882,629
266,816
213,247
127,331
85,916
53,569
615,813
576,759
307,530
269,229
39,054
914,329
270,094
215,071
129,515
85,556
55,023
644,235
603,836
323,824
280,012
40,399
953,175
278,402
222,200
135,250
86,950
56,202
674,773
632,487
339,529
292,958
664,258
177,133
141,026
86,121
54,905
36,107
487,125
455,682
240,923
214,759
31,443
692,682
179,468
142,471
87,401
55,070
36,997
513,214
480,433
255,448
224,985
32,781
724,401
184,902
147,112
90,921
56,191
37,790
539,499
505,096
269,023
236,073
34,403
-4,871
1,802
6,673
-5,181
1,934
7,115
-5,387
2,208
7,595
-4,871
1,802
6,673
-5,181
1,934
7,115
-5,387
2,208
7,595
363,230 385,149 401,727
3,485,352 3,766,644 4,029,292
temporarily in the United States.
NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Compensation equals wage and salary accruals plus supplements to wages and salaries. "Supplements" are listed
in table 8.17 of the August 2000 SURVEY OF CURRENT BUSINESS.
D-34
• National Data
SURVEY OF CURRENT BUSINESS
December 2000
Table B.8.—Employment by Industry
[Thousands]
Full-time and part-time
employees
Full-time and part-time
employees
productionJ
1997
1998
1999
1997
1998
1999
130,118
133,433
136,363
126,790
129,711
132,216
Domestic industries.
130,640
133,964
136,915
127,237
130,166
132,689
Private industries
108,587
111,684
114,358
108,802
111,559
113,919
2,130
876
1,254
2,182
880
1,302
2,288
3,315
1,814
1,501
3,340
1,705
1,635
3,384
1,693
1,691
601
54
97
340
110
595
540
44
87
296
113
603
49
93
341
112
54
95
345
109
603
49
93
350
111
545
45
86
304
110
5,965
6,299
6,707
7,255
7,605
8,026
Total
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
18,772
11,059
821
514
555
18,922
11,265
839
534
710
715
1,515
2,212
1,709
998
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit..
Trucking and warehousing2
Water transportation
Transportation by air 2
566
923
1,365
11.176
857
551
570
872
406
698
1,530
2,142
1,669
1,024
874
854
407
7,713
7,657
7,489
1,694
1,694
40
597
770
1,694
37
559
697
669
1,485
2,170
1,695
983
857
865
404
41
617
830
686
1,579
1,037
137
899
679
1,594
1,043
1,575
1,039
136
130
1,000
92
1,017
87
1,010
79
6,466
4,175
220
457
6,674
4,339
223
473
4,479
222
491
1,709
182
1,140
1,777
185
1,198
1,846
187
1,245
18,776
11,132
864
531
563
706
1,481
2,168
1,684
976
854
860
445
7,644
1,676
40
619
831
678
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
14
453
1,420
1.003
417
1998
production'
1999
1,475
13
475
1,556
1,044
431
1,109
447
13
470
871
860
864
6,750
6,917
7,001
22,636
23,583
7,723
2,053
710
727
Wholesale trade
18,932
11,344
895
543
569
711
1,512
2,212
1,699
996
902
864
441
7,588
1,672
39
598
775
672
18,655
11,221
915
563
571
697
1,518
2,136
1,655
1,019
872
841
434
7,434
1,677
36
555
708
664
1,556
1,562
1,024
135
1,578
135
1,028
130
990
1,005
85
1,000
80
6,472
4,283
208
481
1,880
178
1,067
6,650
6,852
4,565
210
504
2,018
184
1,163
1,029
4,435
211
486
1,954
185
1,122
14
455
1,323
938
385
866
13
464
1,363
958
405
852
6,739
6,922
1999
13
473
1,426
1,013
413
861
7,024
7,425
1,927
563
679
1,462
875
1,684
235
7,634
1,934
643
732
7,826
1,932
692
796
1,502
880
1,706
237
1,527
873
1,762
244
37,959
1,665
1,789
8,260
1,511
582
610
1,485
9,402
1,200
2,006
39,456
1,936
1,365
9,449
1,331
391
618
1,783
10,349
1,138
2,350
1,701
1,804
8,988
1,523
591
645
1,494
9,521
1,223
2,101
40,619
1,760
1,833
9,577
1,561
553
664
1,547
9.638
1,216
2,164
5,155
2,751
2,404
3,536
1,280
5,350
2,861
2,489
3,641
1,251
4,818
2,881
1,937
3,797
834
4,992
2,993
1,999
3,991
882
5,157
3,087
2,070
4,087
862
22,053
5,265
4,275
1,899
2,376
990
16,788
15,954
8,736
7,218
834
22,280
5,194
4,200
1,878
2,322
994
17,086
16,244
8,947
7,297
842
22,557
5,139
4,147
1,856
2,291
992
17,418
16,564
9,164
7,400
854
18,435
4,269
3,476
1,869
1,607
793
14,166
13,304
7,070
6,234
862
18,607
4,208
3,417
1,846
1,571
791
14,399
13;529
7,228
6,301
870
18,770
4,157
3,367
1,818
1,549
790
14,613
13,737
7,373
6,364
876
-522
-531
-552
-447
-455
-473
7,257
2,033
574
630
1,526
767
1,481
246
23,003
7,536
2,047
662
681
1,575
787
1,534
250
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 3
Private households
38,010
1,833
1,326
8,147
1,248
389
569
1,664
10,038
1,084
2,183
39,556
1,874
1,340
8,780
1,276
395
593
1,726
10,217
1,112
2,272
40,952
4,951
2,622
2,329
3,345
1,233
Rest of the world 5
1998
20,417
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 ..
Government
Federal
General government
Civilian
Military 4
Government enterprises
State and local
General government
Education
Other
Government enterprises
1997
20,258
Retail trade
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 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.
1997
1,609
795
1,571
258
20,988
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).
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-35
Table B.9.—Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry
Wage and salary accruals
per full-time equivalent
Full-time equivalent employ-
Dollars
1997
1998
Wage and salary accruals
per full-time equivalent
Thousands
1999
Dollars
1997
1998
1999
Total
33,429
35,124
36,653
116,246
119,370
122,095
Domestic industries
33,343
35,034
36,555
116,693
119,825
122,568
Private industries
32,838
34,631
36,187
98,258
101,218
103,798
2,057
791
1,266
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing .,
20,449
20,701
21,288
1,833
1,974
20,157
20,652
21,515
20,198
20,954
21,497
751
1,082
754
1,220
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
52,465
,
50,581
49,593
49,653
54,598
39,402
50,633
51,275
56,731
41,211
55,369
55,659
51,376
61,424
42,373
54
95
333
107
49
91
334
109
529
44
85
290
110
Construction
,
32,932
34,625
36,127
5,753
6,076
6,471
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
38,941
40,770
27,382
27,622
35,719
42,038
35,152
43,987
42,871
49,662
47,276
48,616
30,540
36,278
31,895
59,375
26,354
20,838
42,129
37,427
56,766
60,119
40,830
42,617
28,278
28,860
36,978
42,855
36,280
46,212
45,729
52,175
18,352
10,878
18,501
11,089
794
502
544
705
816
522
558
18,269
11,002
843
540
560
710
1,491
2,177
692
1,509
2,103
51,403
31,897
38,156
33,394
56,103
27,311
22,103
43,185
39,256
60,350
63,425
42,862
44,902
29,040
29,635
38,621
44,536
37,192
49,728
50,333
53,949
50,329
55,215
33,118
39,775
34,176
60,278
28,470
23,255
44,900
41,083
62,859
63,651
32,237
25,225
33,574
25,940
34,508
27,882
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit..
Trucking and warehousing2
Water transportation
Transportation by air 2
41,059
34,429
56,519
21,201
31,740
40,524
42,898
35,991
61,071
45,422
37,189
60,667
22,676
34,042
43,286
42,379
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services .
Wholesale trade
Retail trade
32,945
42,266
40,430
583
1,461
2,136
1,675
974
849
851
387
7,474
1,651
40
611
804
675
1,465
1,020
135
1,646
1,017
891
858
388
7,412
1,648
39
591
745
671
1,478
1,024
134
866
836
390
7,267
1,655
36
551
675
661
1,465
1,025
129
994
76
3,885
208
418
1,597
170
1,062
6,221
4,036
211
432
1,660
173
1,116
6,424
4,165
210
448
1,724
175
1,159
1. Full-time equivalent employees equals the number of employees on full-time schedules plus the number of
employees on part-time schedules converted to a full-time basis. The number of full-time equivalent employees in
each industry is the product of the total number of employees and the ratio of average weekly hours per employee
for all employees to average weekly hours per employee on full-time schedules.
2. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
3. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
Full-time equivalent employ-
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
Educational services
Social services and membership
organizations
Social services
Membership organizations
,
Other services 3
Private households
Government
Federal
General government
Civilian
Military4
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world 5
Thousands
1997
1998
1999
59,071
32,796
53,425
57,315
44,053
52,444
65,000
34,555
64,846
36,170
62,148
65,847
52,946
58,034
41,224
43,606
19,495
20,602
48,170
38,279
46,444
118,661
45,984
41,982
31,924
75,643
1997
1998
14
416
1,292
913
379
859
13
431
1,339
948
391
846
6,462
6,621
21,414
18,759
19,063
52,403 55,357
41,492 43,402
52,325 51,928
129,475 139,459
48,969 50,882
43,116 45,401
34,660 36,447
82,658 87,016
6,797
1,926
547
601
1,462
724
1,302
235
7,025
1,930
628
646
58,957
49,125
54,975
1,502
739
1,343
237
1999
13
436
1,409
1,005
404
850
6,734
19,643
7,164
1,926
670
686
1,527
743
1,368
244
31,116
21,569
19,360
29,647
23,801
30,194
39,669
25,531
35,541
57,042
26,092
32,759
22,633
20,306
32,326
24,897
31,639
40,904
27,150
36,793
60,258
27,109
33,677
1,603
1,161
7,525
1,182
360
447
1,360
8,989
963
1,901
35,154
23,626
21,008
35,244
25,666
32,522
40,488
28,462
37,776
62,629
27,965
1,392
9,122
989
1,992
36,507
1,711
1,206
8,797
1,273
366
490
1,449
9,248
1,013
2,063
20,739
18,926
22,896
49,044
14,060
21,305
19,656
23,308
51,531
15,465
21,884
20,227
23,915
53,939
12,933
4,241
2,304
1,937
3,111
834
4,429
2,430
1,999
3,305
4,609
2,539
2,070
3,420
36,032
41,493
40,571
46,079
34,166
45,532
34,387
34,252
34,077
34,450
36,477
37,227 38,594 18,435
42,649 44,480
4,269
41,695 43,692
3,476
47,346 50,012- 1,869
35,054 36,276
1,607
46,772
793
35,642 36i919 14,166
35,511 36,769 13,304
35,341 - 36,488 7,070
35,-706 37,095' 6,234
37,679 39,273
18,607
4,208
3r4-17
1,846
1,571
791
14,399
13,529
7,228
6,301
870
18,770
4,157
3,367
1,818
1,549
790
14,613
13,737
7,373
6,364
876
-447
-455
-473
34,197
1,647
1,176
8,169
1,215
368
468
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).
D-36
National Data
SURVEY OF CURRENT BUSINESS
Table B.10—Farm Sector Output, Gross Product, and National Income
Billions of dollars
1997
Farm output
1998
Table B.11.—Housing Sector Output, Gross Product, and National
Income
Billions of chained (1996)
dollars
1999
1997
1998
1997
214.6
208.4
237.5
238.4
243.9
208.6
112.0
96.6
6.4
.5
7.8
2.9
3.3
-.4
198.2
104.0
94.2
6.7
.5
8.6
.6
.9
-.3
190.7
95.3
95.4
7.0
.5
10.4
-0.2
.5
-.7
218.7
121.2
97.6
6.0
.5
8.2
3.2
3.5
-.4
220.5
122.2
98.3
5.9
.5
9.6
1.2
1.5
-.3
224.3
123.7
100.6
5.7
.5
12.4
0
.9
-.7
138.1
133.9
134.2
134.4
138.0
138.4
122.1
16.0
118.8
15.1
120.1
14.1
119.0
15.5
122.4
15.7
124.0
14.4
80.8
74.2
103.6
100.2
106.3
Less: Consumption of fixed capital
26.3
27.4
29.2
25.9
26.6
28.1
Equals: Net farm product
61.9
53.4
45.0
78.1
73.5
78.2
52
6.3
5.2
10.3
5.6
17.6
63.1
17.6
15.1
2.4
58.5
18.7
16.2
2.5
56.9
19.4
16.6
2.9
Plus: Subsidies less current surplus of
government enterprises
35.8
29.7
6.1
9.7
29.8
25.4
4.4
10.0
27.2
25.3
1.9
10.3
Less: Intermediate goods and services purchased
Intermediate goods and services, other than
rent
Rent paid to nonoperator landlords
Equals: Gross farm product
Less: Indirect business tax and nontax liability
Plus: Subsidies to operators
Equals: Farm national income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income and corporate profits with
inventory valuation and capital consumption
adjustments
Proprietors' income
Corporate profits
Net interest
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.
Billions of chained (1996)
dollars
Billions of dollars
1999
226.3
Cash receipts from farm marketings
Crops
Livestock
Farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestxk
December 2000
Housing output'
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
1998
1999
1997
1998
1999
77&0
823.2
868.7
756.1
775.5
795.0
771.6
585.5
186.1
6.4
816.6
622.7
193.8
6.7
861.7
661.1
200.6
7.0
750.1
569.0
181.0
6.0
769.6
586.7
182.9
5.9
789.4
605.7
183.7
5.7
Less: Intermediate goods and services
consumed
106.0
115.4
118.6
102.0
107.9
107.1
Equals: Gross housing product
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
672.0
666.7
504.0
162.6
5.3
707.9
702.3
534.0
168.3
5.6
750.2
744.3
570.8
173.5
5.9
654.0
649.0
490.3
158.7
5.0
667.6
662.6
503.3
159.4
5.0
687.9
683.1
523.6
159.5
4.8
Less: Consumption of fixed capital
Capital consumption allowances
Less: Capital consumption adjustment
126.5
67.6
-58.8
133.7
72.0
-61.7
143.7
77.5
-66.2
122.7
125.8
130.1
Equals: Net housing product
545.5
606.5
531.3
541.7
557.8
Less: Indirect business tax and nontax liability
plus business transfer payments
124.2
.. .
Equals: Housing national income
Compensation of employees
Proprietors' income with inventory
valuation adjustment and capital
consumption adjustment
Rental income of persons with
capital consumption adjustment
Corporate profits with inventory
valuation adjustment and capital
consumption adjustment
Net interest
574.2
129.9
135.6
23.7
23.7
24.2
445.0
468.0
495.2
8.8
9.5
10.1
21.3
20.7
20.2
109.0
119.0
126.4
4.7
301.2
4.5
314.4
4.4
334.1
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
B.4.
NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-37
Table B.12.—Net Stock of Private Fixed Assets; Equipment, Software, and Structures; by Type
[Yearend estimates]
Chain-type quantity indexes (1996=100)
Current-cost valuation (Billions of dollars)
1994
1995
1996
1997
1998
1999
15,203.7
15,908.5
16,722.5
17,653.1
18,670.3
19,882.3
94.99
97.30
3,051.1
3,243.8
3,416.3
3,585.3
3,797.0
4,080.7
90.55
94.93
2,992.4
3,182.8
3,352.2
3,519.8
3,729.4
4,010.9
90.51
94.90
802.8
86.4
142.9
334.7
153.7
65.7
19.5
850.2
93.6
158.3
344.3
165.1
68.8
20.1
906.0
101.5
173.7
363.8
175.0
71.5
20.5
974.8
112.2
200.7
388.2
181.9
70.2
21.6
1,050.0
117.8
240.1
411.1
191.2
68.3
21.4
1,182.5
141.8
296.8
449.3
201.4
69.5
23.7
83.43
53.99
81.69
88.04
90.28
97.04
94.59
90.81
71.80
89.64
93.40
95.07
99.22
97.17
1,010.7
90.3
55.2
49.2
5.9
193.7
225.0
213.4
233.1
1,075.1
95.6
55.8
49.5
6.4
209.2
240.5
225.3
248.7
1,119.1
98.7
57.3
50.4
6.9
219.2
253.1
234.9
255.9
1,156.9
98.6
58.5
51.2
7.3
227.8
262.1
243.0
266.8
1,198.7
98.7
59.3
51.6
7.7
236.8
273.3
253.7
276.9
1,240.8
101.2
60.9
52.4
8.5
246.5
282.7
261.9
287.5
94.31
97.12
101.07
91.07
92.82
93.44
94.55
93.89
97.07
98.06
99.36
99.89
95.40
96.54
96.72
97.21
96.87
Transportation equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
604.3
206.7
142.3
137.4
46.1
71.8
650.5
234.1
150.0
143.6
45.9
76.9
690.4
260.8
159.0
147.1
46.5
77.1
716.5
283.0
159.9
149.6
46.9
77.1
767.5
323.1
159.4
159.0
46.8
79.2
840.3
369.1
161.9
. 178.2
48.1
83.1
90.93
95.20
92.01
99.48
104.28
98.60
95.59
100.14
101.57
99.38
Other equipment
Furniture and fixtures
Household furniture
Other furniture
Tractors
Farm tractors
Construction tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Household appliances
Other
Other nonresidential equipment
574.6
159.2
8.6
150.6
56.0
45.7
10.3
69.6
72.4
16.3
60.4
41.8
2.8
39.0
607.1
169.7
8.8
160.9
57.9
47.6
10.3
72.6
76.8
16.5
64.6
43.4
2.9
40.5
105.5
636.8
178.2
9.0
169.2
59.3
48.6
10.6
74.9
82.1
16.6
68.8
44.7
2.9
41.9
112.2
671.6
189.3
9.1
180.2
63.4
51.7
11.7
77.2
87.2
18.1
72.1
46.9
2.8
44.1
117.4
713.2
200.3
9.3
191.1
67.9
54.9
13.0
79.9
94.9
19.4
75.4
50.3
2.8
47.5
125.1
747.2
209.0
9.8
199.1
68.3
55.1
13.2
82.3
100.1
21.1
79.0
52.6
3.0
49.6
135.0
93.97
93.83
99.53
93.53
96.40
95.85
98.92
97.33
92.56
104.08
91.85
93.21
100.89
92.69
91.78
96.73
96.85
99.47
96.71
98.45
98.53
98.06
98.44
95.48
101.57
95.61
96.01
100.22
95.72
95.68
Private fixed assets
Equipment and software
Nonresidential equipment and software
Information processing equipment and software
Computers and peripheral equipment
Software1
Communication equipment
Instruments
Photocopy and related equipment
Office and acccounting equipment
Industrial equipment
.
Fabricated metal products
Engines and turbines
Steam engines
Internal combustion engines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment..
Electrical transmission, distribution, and industrial apparatus
Residential equipment
Structures
Nonresidential structures
Nonresidential buildings, excluding farm
Industrial buildings
Office buildings2
Commercial buildings
Mobile structures
Other commercial3
Religious buildings
Educational buildings
Hospital and institutional buildings
Other
Hotels and motels
Amusement and recreational buildings
Other nonfarm buildings4
Utilities
Railroad
Telecommunications
Electric light and power
Gas
Petroleum pipelines
Farm related buildings and structures
Mining exploration, shafts, and wells
Petroleum and natural gas
Other mining
Other nonfarm structures5
Residential structures
Housing units
Permanent site
1-to-4-unit
5-or-more-unit
Manufactured homes
Improvements
Other residential6
98.9
1994
1995 1996 1997
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
61.0
64.1
65.5
67.5
92.87
96.41
12,664.6
13,306.3
14,067.9
14,873.3
15,801.6
96.16
97.92
4,941.4
5,175.0
5,487.0
5,749.0
6,035.7
96.97
98.31
3,125.1
700.4
723.1
796.6
8.3
788.4
140.2
129.2
311.9
323.7
164.1
86.6
73.0
3,285.6
729.2
756.3
843.8
8.6
835.2
145.7
137.9
327.7
345.1
177.5
92.7
75.0
3,498.9
765.4
804.9
902.7
8.9
893.7
153.9
149.7
348.7
373.6
194.8
101.0
77.7
3,742.2
807.4
865.6
965.4
9.3
956.1
163.5
163.7
371.1
405.4
215.3
109.8
80.3
3,990.8
843.4
930.6
1,032.1
9.9
1,022.1
174.1
177.5
393.6
439.6
237.5
119.4
82.7
95.81
97.21
96.56
94.55
96.45
94.53
97.69
93.35
95.68
94.61
92.61
92.37
102.11
97.71
98.67
98.17
97.98
96.98
98.82
96.23
97.81
96.46
95.07
96.01
100.32
1,190.2
287.5
219.3
478.0
163.7
41.7
1,229.0
299.2
235.3
483.4
168.9
42.1
1,264.7
301.2
239.5
503.9
176.7
43.4
1,285.4
295.3
243.9
515.0
186.9
44.3
1,310.8
287.2
250.4
530.3
197.1
45.9
98.49
101.50
95.84
98.50
96.43
100.14
99.13
100.62
97.94
99.19
97.83
99.97
197.1
272.5
240.4
32.1
128.7
200.0
287.3
254.5
32.8
138.7
204.4
311.2
277.4
33.8
144.8
210.7
360.8
325.5
35.2
152.1
218.1
346.0
309.8
36.2
157.2
224.5
345.2
307.8
37.4
164.3
101.44
101.13
101.31
99.78
95.42
100.53
100.06
100.12
99.54
98.21
7,413.5
7,723.3
8,131.2
8,580.8
9,124.3
9,765.9
95.65
97.67
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
6,058.9
5,936.8
5,170.2
766.6
122.1
1,326.1
28.6
6,301.5
6,169.1
5,383.9
785.2
132.4
1,392.8
28.9
6,624.6
6,483.0
5,663.1
819.9
141.6
1,477.1
29.6
6,995.2
6,845.0
5,959.4
885.6
150.2
1,555.1
30.5
7,450.6
7,289.6
6,335.3
954.3
161.0
1,641.8
31.9
7,984.1
7,812.7
6,817.4
995.3
171.4
1,748.0
33.8
95.77
95.86
95.46
98.67
91.43
95.00
100.94
97.75
97.80
97.59
99.23
95.46
97.25
100.33
100.00
100.00
100.00
100.00
100.00
100.00
100.00
58.7
12,152.6
4,739.1
2,992.3
673.6
694.6
757.9
7.7
750.2
135.3
122.5
298.2
310.2
156.2
81.4
72.5
1,148.4
281.6
204.4
460.6
160.3
41.5
1999
1998
102.96
106.37
110.15
105.94
113.06
121.98
105.98
113.17
122.17
111.57
142.35
116.26
108.02
104.07
99.34
105.39
125.69
202.40
139.38
117.02
109.22
97.55
105.62
145.38
292.07
168.53
131.68
115.11
98.63
115.47
102.97
100.28
100.11
99.28
106.25
103.54
103.09
102.69
104.29
106.04
100.60
100.76
99.49
110.27
106.90
106.05
106.14
108.48
109.26
103.63
102.02
99.56
120.27
110.90
108.84
109.21
112.13
104.95
111.12
101.49
101.57
99.16
101.34
111.52
124.62
101.77
107.17
98.12
104.17
121.39
142.43
104.06
117.00
98.86
108.43
104.58
104.92
100.37
105.16
106.36
105.88
108.56
102.00
104.53
106.90
103.58
106.49
99.49
106.97
104.39
110.35
111.11
102.51
111.56
112.71
111.54
117.98
104.30
111.57
113.87
107.60
115.20
100.56
116.20
110.33
114.82
115.38
108.10
115.76
112.81
111.64
118.10
106.21
115.60
121.91
112.42
122.18
106.00
123.29
117.75
103.62
107.52
112.35
102.21
104.73
107.30
102.04
104.39
106.54
102.71
101.24
102.63
103.19
102.63
103.20
101.88
104.61
102.61
104.49
105.90
105.12
100.35
105.70
102.70
106.15
106.24
106.13
106.24
104.11
110.06
105.09
109.25
112.61
109.90
100.43
108.55
103.31
109.87
109.35
109.43
109.35
106.69
114.93
107.32
114.18
119.47
115.10
100.40
100.88
99.54
102.15
101.01
101.34
99.85
102.40
99.30
104.55
102.31
105.61
100.34
103.64
98.72
107.43
103.31
108.43
101.36
99.42
101.65
101.82
100.25
101.40
99.01
102.56
102.94
99.26
103.19
98.14
102.55
103.01
98.69
105.30
102.31
104.94
107.78
102.25
102.20
102.38
100.94
104.68
102.65
100.33
104.87
104.76
105.18
101.92
110.15
105.33
101.11
107.67
107.52
108.19
103.09
114.50
108.42
102.74
1. Excludes software "embedded" or bundled in computers and other equipment.
6. Consists primarily of dormitories and of fraternity and sorority houses.
2. Consists of office buildings, except those occupied by electric and gas utility companies.
NOTE.-The data in this table are from "Fixed Assets and Consumer Durable Goods for 1925-99" in the Septem3. Consists primanly of stores, restaurants, garages, service stations, warehouses, and other buildings used for ^ 2000 SURVEY OF CURRENT BUSINESS.
commercial purposes.
nee j ^ t elsewhere classified
4. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
5. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.
D-38
• National Data
SURVEY OF CURRENT BUSINESS
December 2000
C. Historical Measures
This table is derived from the "GDP and Other Major NIPA Series" tables that were published in the August 2000
issue of the SURVEY OF CURRENT BUSINESS and from the "Selected NIPA Tables" that are published in this issue.
(Changes in prices are calculated from indexes expressed to three decimal places.)
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Year and
quarter
Percent change from preceding
period
Chain-type price indexes
Percent change from preceding period
Implicit price deflators
Chain-type price index
Gross domestic
product
Final sales of
domestic
product
vllUOd IluUUMCH
1959
2,319.0
2,317.4
1960
1961
1962
1963
1964
2,376.7
2,432.0
2,578.9
2,690.4
2,846.5
2,378.5
2,435.5
2,569.5
2,683.6
2,844.1
3,028.5
3,227.5
3,308.3
3,466.1
3,571.4
1970
1971
1972
1973
1974
Gross national
Gross domestic
Final sales of
domestic
product
2,332.8
7.2
6.3
21.88
21.41
21.88
21.88
1.1
2,391.9
2,448.8
2,598.0
2,710.8
2,868.5
2.5
2.3
6.0
4.3
5.8
2.6
2.4
5.5
4.4
6.0
22.19
22.43
22.74
22.99
23.34
21.71
21.94
22.23
22.50
22.85
22.19
22.44
22.74
23.00
23.34
22.18
22.43
22.74
22.99
23.34
1.4
1.1
1.4
1.1
1.5
3,008.5
3,191.1
3,288.2
3,450.0
3,555.9
3,051.7
3,248.9
3,330.4
3,489.8
3,594.1
6.4
6.6
2.5
4.8
3.0
5.8
6.1
3.0
4.9
3.1
23.77
24.45
25.21
26.29
27.59
23.26
23.91
24.61
25.66
26.92
23.78
24.46
25.21
26.30
27.59
23.77
24.45
25.21
26.29
27.59
3,578.0
3,697.7
3,898.4
4,123.4
4,099.0
3,588.6
3,688.1
3,887.7
4,094.3
4,080.7
3,600.6
3,722.9
3,925.7
4,161.0
4,142.3
.2
3.3
5.4
5.8
-.6
.9
2.8
5.4
5.3
-.3
29.05
30.52
31.81
33.60
36.60
28.37
29.84
31.17
32.99
36.35
29.06
30.52
31.82
33.60
36.62
1975
1976
1977
1978
1979
4,084.4
4,311.7
4,511.8
4,760.6
4,912.1
4,118.5
4,288.8
4,478.8
4,722.9
4,894.4
4,117.7
4,351.4
4,556.6
4,805.3
4,973.9
-.4
5.6
4.6
5.5
3.2
.9
4.1
4.4
5.5
3.6
40.03
42.29
45.02
48.22
52.24
39.69
41.93
44.80
48.02
52.26
1980
1981
1982
1983
1984
4,900.9
5,021.0
4,919.3
5,132.3
5,505.2
4,928.1
4,989.5
4,954.9
5,154.5
5,427.9
4,962.3
5,075.4
4,973.6
5,184.9
5,553.8
-.2
2.5
-2.0
4.3
7.3
.7
1.2
-.7
4.0
5.3
57.05
62.37
66.26
68.87
71.44
1985
1986
1987
1988
1989
5,717.1
5,912.4
6,113.3
6,368.4
6,591.8
5,698.8
5,912.6
6,088.8
6,352.6
6,565.4
5,750.9
5,932.5
6,130.8
6,391.1
6,615.5
3.8
3.4
3.4
4.2
3.5
5.0
3.8
3.0
4.3
3.3
1990
1991
1992
1993
1994
6,707.9
6,676.4
6,880.0
7,062.6
7,347.7
6,695.6
6,681.5
6,867.7
7,043.8
7,285.8
6,740.0
6,703.4
6,905.8
7,087.8
7,364.3
1.8
-.5
3.0
2.7
4.0
1995
.
1996
1997
1998 ....
1999
7,543.8
7,813.2
8,159.5
8,515.7
8,875.8
7,512.2
7,783.2
8,095.2
8,435.2
8,826.9
7,564.0
7,831.2
8,168.1
8,515.1
8.868.3
1959:1
2,273.0
2,332.4
2,331.4
2.339.1
2,275.1
2,314.9
2,344.3
2,335.5
2,286.2
2,345.5
2,345.5
2.354.1
2,391.0
2,379.2
2,383.6
2,352.9
2,360.4
2,382.7
2,380.0
2,391.1
2,405.4
2,393.9
2,398.9
2,369.3
2,366.5
2,410.8
2,450.4
2,500.4
2,392.9
2,418.3
2,437.7
2,493.2
2,383.7
2,427.1
2,467.2
2,517.5
1962:1
II . ...
Ill
IV
2,544.0
2,571.5
2,596.8
2,603.3
2,522.5
2,564.6
2,586.2
2,604.6
1963:I
2,634.1
2,668.4
2,719.6
2,739.4
1964:I
II
Ill
IV
\2IUOO UUIIICOUlf
\JlUOO UUIII COlllc
product
purchases
Implicit price deflators
firnQQ national
Gross domestic
Gross domestic
product
VJlUoO UUIUCOLIO
product
VJiuod MdllUllai
Gross domestic Gross domestic
purchases
product
Gross domestic
product
Gross national
product
1.1
1.1
1.1
1.4
1.1
1.3
1.2
1.6
1.4
1.1
1.4
1.1
1.5
1.4
1.1
1.4
1.1
1.5
1.9
2.8
3.1
4.3
4.9
1.8
2.8
2.9
4.3
4.9
1.9
2.9
3.1
4.3
4.9
1.9
2.9
3.1
4.3
4.9
29.05
30.52
31.82
33.60
36.62
5.3
5.0
4.2
5.6
9.0
5.4
5.2
4.5
5.8
10.2
5.3
5.0
4.3
5.6
9.0
5.3
5.1
4.2
5.6
9.0
40.03
42.30
45.02
48.23
52.25
40.03
42.31
45.03
48.24
52.26
9.4
5.7
6.4
7.1
8.3
9.2
5.7
6.8
7.2
8.8
9.3
5.7
6.4
7.1
8.3
9.3
5.7
6.4
7.1
8.3
57.79
63.05
66.71
69.05
71.46
57.04
62.37
66.25
68.88
71.44
57.05
62.38
66.26
68.89
71.45
9.2
9.3
6.2
3.9
3.7
10.6
9.1
5.8
3.5
3.5
9.2
9.3
6.2
4.0
3.7
9.2
9.3
6.2
4.0
3.7
73.69
75.32
77.58
80.22
8357
73.56
75.22
77.70
80.36
83.45
73.69
75.31
77.58
80.21
83.27
73.70
75.32
77.58
80.22
83.28
3.2
2.2
3.0
3.4
3.8
2.9
2.3
3.3
3.4
3.8
3.2
2.2
3.0
3.4
3.8
3.2
2.2
3.0
3.4
3.8
2.0
-.2
2.8
2.6
3.4
86.53
89.66
91.85
94.05
96.01
86.85
89.81
92.03
94.14
96.06
86.51
89.66
91.84
94.05
96.01
86.53
89.67
91.84
94.06
96.02
3.9
3.6
2.4
2.4
2.1
AA
3.4
2.5
2.3
2.0
3.9
3.6
2.4
2,4
2.1
3.9
3.6
2.4
2.4
2.1
2.7
3.6
4.4
4.4
4.2
3.1
3.6
4.0
4.2
4.6
98.10
100.00
101.95
103.23
104.77
98.20
100.00
101.64
102.45
104.08
98.10
100.00
101.95
103.22
104.77
98.11
100.00
101.93
103.19
104.73
2.2
1.9
1.9
1.3
1.5
2.2
1.8
1.6
.8
1.6
2.2
1.9
1.9
1.3
1.5
2.2
1.9
1.9
1.2
1.5
8.6
9.1
7.2
5.2
-1.5
21.79
21.84
21.90
21.99
21.33
21.37
21.43
21.52
21.83
21.83
21.88
21.98
21.82
21.83
21.88
21.98
.9
.9
1.2
1.7
1.2
.9
1.1
1.7
.1
.1
.9
1.8
.1
.1
.9
1.8
-5.0
4.3
3.8
-.5
1.9
22.04
22.14
22.23
22.33
21.57
21.66
21.76
21.86
22.08
22.15
22 23
22.30
22.07
22.15
22.23
22.29
.9
1.7
1.8
1.8
.8
1.8
1.8
1.9
1.7
1.4
1.5
1.2
1.8
1.3
1.5
1.1
2.3
7.7
6.8
8.4
.3
4.3
3.2
9.4
22.36
22.40
22.45
22.51
21.88
21.91
21.96
22.01
22.35
22.40
22.46
22.53
22.34
22.39
22.45
22.53
.5
.7
.9
1.0
.4
.5
.9
.9
1.0
.8
1.1
1.4
1.0
.8
1.1
1.4
2,561.0
2,590.3
2,615.7
2,625.1
7.2
4.4
4.0
1.0
4.8
6.8
3.4
2.9
22.64
22.71
22.77
22.84
22.13
22.20
22.26
22.34
22.67
22.71
22.76
22.83
22.67
22.70
22.75
22.83
2.4
1.1
1.1
1.4
2.2
1.3
1.0
1.4
2.5
.6
1.0
1.3
2.5
.6
1.0
1.3
2,619.3
2,663.9
2,712.0
2,739.6
2,654.8
2,688.2
2,739.8
2,760.3
4.8
5.3
7.9
2.9
2.3
7.0
7.4
4.1
22.93
22.95
22.98
23.12
22.42
22.45
22.49
22.63
22.91
22.94
22.98
23.16
22.90
22.93
22.97
23.15
1.4
.3
.6
2.5
1.6
.4
,8
2.6
1.3
.6
.6
3.2
1.3
.6
.6
3.2
2,800.5
2,833.8
2,872.0
2,879.5
2,799.3
2,833.5
2,868.3
2,875.5
2,823.2
2,855.7
2,894.7
2,900.5
9.2
4.8
5.5
1.0
9.0
5.0
5.0
1.0
23.20
23.27
23.39
23.49
22.72
22.79
22.90
22.99
23.22
23.28
23.37
23.49
23.22
23.27
23.37
23.48
1.4
1.2
2.0
1.8
1.5
1.3
1.8
1.7
1.2
.9
1.6
2.0
1.2
.9
1.6
2.0
1965" I .
II
Ill
IV
2 950.1
2,989.9
3,050.7
3,123.6
2 920.2
2,973.2
3,029.4
3,111.4
2 974.0
3,014.6
3,073.6
3,144.5
10.2
6.4
7.4
7.8
11.3
23.60
23.71
23.81
23.97
23.08
23.19
23.30
23.46
23.61
23.71
23.81
23.97
23.60
23.71
23.80
23.97
1.9
1.8
1.8
2.6
1.6
1.8
1.9
2.9
2.1
1.8
1.5
2.8
2.1
1.8
1.5
2.8
1966:I
II
HI
IV
3,201.1
3,213.2
3,233.6
3561.8
3,165.1
3,180.0
3,205.0
3,214.5
3,222.6
3,234.8
3,254.7
3,283.7
10.3
7.1
1.9
3.2
1.2
24.11
24.33
24.57
24.79
23.59
23.81
24.03
24.22
24.13
24.32
24.58
24.79
24.12
24.32
24.58
24.79
2.4
3.8
4.0
3.5
2.1
3.8
3.7
3.3
2.6
3.3
4.3
3.5
2.6
3.3
4.3
3.5
1965
1966
1967
1968
1969
.
H
HI .'.
IV
1960:1
II
III
IV
III
1961:1
II
HI
iv "II"
HI """.
IV ...II
product
10.9
-.2
1.3
9.2
-2.0
.7
5.5
8.4
9.9
1.5
2.6
3.5
,
1
product
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-39
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases-—Continued
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from preceding
Billions of chained (1996) dollars
Chain-type price indexes
Implicit price deflators
pen
Year and
quarter
Percent change from preceding perioci
Gross domestic
product
Final sales of
domestic
product
1967:1
II
Ill
IV
3,291.8
3,289.7
3,313.5
3,338.3
3,246.9
3,281.5
3,297.4
3,326.9
3,313.4
3,310.7
3.336.6
3,360.8
3.7
-.3
2.9
3.0
4.1
4.3
2.0
3.6
24.90
25.06
25.29
25.57
24.32
24.47
24.70
24.96
24.89
25.05
25.31
25.59
24.89
25.04
25.31
25.59
1.9
2.5
3.8
4.4
1968:1
II
HI
IV
3,406.2
3,464.8
3,489.2
3,504.1
3,394.2
3,428.5
3,478.1
3,499.5
3,429.2
3,488.3
3,513.4
3,528.1
8.4
7.1
2.8
1.7
8.3
4.1
5.9
2.5
25.86
26.15
26.39
26.76
25.24
25.51
25.77
26.13
25.88
26.14
26.39
26.76
25.87
26.14
26.39
26.76
3,558.3
3,567.6
3,588.3
3,571.4
3,535.0
3,551.3
3,569.0
3,568.3
3,582.2
3,590.6
3,610.3
3,593.3
6.3
1.0
2.3
-1.9
4.1
1.9
2.0
-.1
27.02
27.39
27.79
28.15
26.37
26.73
27.11
27.46
27.03
27.39
27.79
28.15
IV
3,566.5
3,573.9
3,605.2
3,566.5
3,578.9
3,573.2
3,605.0
3,597.4
3,589.1
3,597.4
3,628.3
3,587.6
-.6
.8
3.6
-4.2
1.2
-.6
3.6
-.8
28.54
28.94
29.17
29.55
27.85
28.24
28.51
28.89
1971:|
II
Ill
IV
3,666.1
3,686.2
3,714.5
3,723.8
3,643.1
3,667.8
3,698.9
3,742.5
3,691.3
3,712.8
3,738.4
3,749.2
11.6
2.2
3.1
1.0
5.2
2.7
3.4
4.8
30.00
30.40
30.71
30.96
1972:1
II
III
IV
3,796.9
3,883.8
3,922.3
3.990.5
3,802.2
3,862.7
3,897.2
3,988.5
3,823.4
3,910.0
3,950.7
4,018.7
8.1
9.5
4.0
7.1
6.5
6.5
3.6
9.7
1973-1
II
HI
IV
4,092.3
4,133.3
4,117.0
4,151.1
4,075.5
4,094.4
4,100.7
4,106.3
4,125.0
4,168.3
4,158.0
4,192.5
10.6
4.1
-1.6
3.4
1974:1
II
Ill
IV
4,119.3
4,130.4
4,084.5
4,062.0
4,101.8
4,105.6
4,089.8
4,025.8
4,168.1
4,176.5
4,126.5
4,098.0
1975:1
||
Ill
IV
4,010.0
4,045.2
4,115.4
4,167.2
4,054.7
4,099.2
4,135.9
4,184.3
1976:
|
||
Ill
IV
4,266.1
4,301.5
4,321.9
4,357.4
1977:
|
II
Ill
IV
Gross national
Gross domestic
product
product
rtaflatrtrc
Implicit price% UStlalOrS
Chain-type price index
Final sales of
domestic
product
Gross domestic Gross domestic
product
purchases
Gross domestic Gross national
product
product
Gross domestic Gross domestic
product
purchases
Gross domestic
product
Gross national
product
1.6
2.5
3.8
4.3
1.6
2.5
4.3
4.5
1.6
2.5
4.3
4.5
4.6
4.5
3.8
5.7
4.6
4.2
4.1
5.7
4.5
4.1
3.9
5.7
4.5
4.1
3.9
5.7
27.03
27.38
27.79
28.15
3.9
5.5
6.0
5.3
3.8
5.6
5.8
5.3
4.1
5.3
6.0
5.3
4.1
5.3
6.0
5.3
28.55
28.94
29.18
29.56
28.54
28.94
29.17
29.56
5.6
5.8
3.2
5.3
5.8
5.6
3.9
5.5
5.8
5.7
3.3
5.3
5.8
5.7
3.3
5.3
29.31
29.71
30.04
30.30
30.00
30.40
30.71
30.96
30.00
30.40
30.71
30.96
6.1
5.5
4.1
3.3
6.0
5.5
4.6
3.5
6.1
5.4
4.2
3.3
6.1
5.4
4.2
3.3
31.42
31.61
31.92
32.30
30.76
30.98
31.30
31.67
31.41
31.61
31.92
32.32
31.41
31.61
31.92
32.32
6.1
2.5
4.0
4.8
6.1
2.9
4.2
4.8
5.8
2.6
4.0
5.1
5.8
2.6
4.0
5.1
9.0
1.9
.6
.5
32.73
33.27
33.90
34.48
32.09
32.69
33.29
33.91
32.71
33.25
33.86
34.58
32.71
33.25
33.86
34.58
5.4
6.8
7.9
7.0
5.4
7.7
7.6
7.6
4.9
6.9
7.5
8.7
4.9
6.9
7.5
8.7
-3.0
1.1
-4.4
-2.2
-.4
.4
-1.5
-6.1
35.18
35.97
37.07
38.20
34.80
35.79
36.87
37.93
35.20
36.02
37.09
38.20
35.20
36.02
37.08
38.19
8.4
9.2
12.8
12.7
10.9
11.9.
12.7
12.0
7.4
9.6
12.4
12.5
7.4
9.6
12.4
12.5
4,040.1
4,075.6
4,148.4
4,206.7
-5.0
3.6
7.1
5.1
2.9
4.5
3.6
4.8
39.08
39.63
40.35
41.05
38.76
39.33
39.99
40.67
39.08
39.63
40.33
41.05
39.08
39.63
40.33
41.05
9.6
5.8
7.5
7.1
9.0
6.0
7.0
6.9
9.6
5.7
7.3
7.3
9.6
5.7
7.3
7.3
4,248.8
4,264.1
4,289.7
4,352.4
4,304.2
4,341.2
4,362.0
4,398.4
9.8
3.4
1.9
3.3
6.3
1.4
2.4
6.0
41.49
41.93
42.51
43.25
41.11
41.56
42.18
42.88
41.50
41.92
42.50
43.27
41.50
41.92
42.51
43.28
4.3
4.3
5.6
7.1
4.4
4.5
6.1
6.8
4.5
4.1
5.7
7.4
4.5
4.1
5.7
7.4
4,410.5
4,489.8
4,570.6
4,576.1
4,393.8
4,464.0
4,509.7
4,547.5
4,457.6
4,535.9
4,616.4
4,616.6
5.0
7.4
7.4
.5
3.9
6.5
4.2
3.4
43.97
44.69
45.32
46.08
43.68
44.45
45.14
45.92
43.97
44.69
45.23
46.16
43.97
44.71
45.25
46.17
6.9
6.7
5.8
6.9
7.7
7.2
6.4
7.0
6.6
6.8
4.9
8.5
6.6
6.8
4.9
8.4
1978:1
||
HI
IV
4,588.9
4,765.7
4,811.7
4,876.0
4,552.0
4,730.8
4,774.7
4,834.2
4,636.0
4,804.8
4,854.6
4,925.8
1.1
16.3
3.9
5.5
.4
16.7
3.8
5.1
46.86
47.79
48.64
49.62
46.67
47.60
48.45
49.37
46.86
47.77
48.60
49.59
46.87
47.78
48.61
49.60
6.9
8.2
7.3
8.3
6.8
8.2
7.3
7.8
6.2
8.0
7.1
8.4
6.2
8.0
7.1
8.4
1979:1
||
Ill
IV
4,888.3
4,891.4
4,926.2
4,942.6
4,855.1
4,852.9
4,921.9
4,947.7
4,939.6
4,949.3
4,995.6
5.011.4
1.0
.3
2.9
1.3
1.7
-.2
5.8
2.1
50.58
51.73
52.79
53.86
50.38
51.58
52.89
54.20
50.55
51.71
52.81
53.90
50.56
51.72
52.82
53.90
8.0
9.4
8.5
8.3
8.4
9.9
10.5
10.3
7.9
9.5
8.8
8.5
7.9
9.5
8.8
8.5
1980:I
II
HI
IV
4,958.9
4,857.8
4,850.3
4,936.6
4,961.4
4,861.6
4,923.9
4,965.2
5,028.8
4,922.5
4,911.3
4.986.3
1.3
-7.9
-.6
7.3
1.1
-7.8
5.2
3.4
55.08
56.35
57.62
59.16
55.73
57.14
58.43
59.89
55.11
56.34
57.60
59.13
55.12
56.35
57.61
59.14
9.4
9.5
9.4
11.1
11.8
10.5
9.3
10.4
9.3
9.2
9.2
11.0
9.3
9.2
9.2
11.1
1981:1
||
III
IV
5,032.5
4,997.3
5,056.8
4,997.1
4,985.6
4,995.9
5,003.5
4,972.9
5,086.4
5,048.1
5,110.5
5,056.8
8.0
-2.8
4.9
-4.6
1.7
.8
.6
-2.4
60.67
61.75
62.95
64.10
61.42
62.53
63.56
64,70
60.66
61.76
62.95
64.10
60.67
61.77
62.97
64.11
10.6
7.3
8.0
7.5
10.7
7.4
6.7
7.4
10.8
7.5
8.0
7.5
10.8
7.5
8.0
7.5
1982:1
II
Ill
IV
4,914.3
4,935.5
4,912.1
4,915.6
4,959.7
4,954.2
4,916.8
4,989.1
4,969.4
4,996.9
4,963.4
4,964.8
-6.5
1.7
-1.9
.3
-1.1
-.4
-3.0
6.0
65.00
65.84
66.75
67.44
65.56
66.29
67.16
67.83
64.99
65.83
66.75
67.45
65.00
65.84
66.76
67.46
5.8
5.3
5.6
4.2
5.4
4.6
5.4
4.0
5.7
5.3
5.7
4.3
5.7
5.2
5.7
4.3
1983:1
II
Ill
IV
4,972.4
5,089.8
5,180.4
5,286.8
5,036.1
5,113.1
5,200.3
5,268.5
5,021.5
5,142.2
5,233.9
5,342.0
4.7
9.8
7.3
8.5
3.8
6.3
7.0
5.4
67.98
68.59
69.17
69.75
68.22
68.80
69.35
69.83
67.95
68.56
69.16
69.77
67.96
68.57
69.18
69.79
3.3
3.6
3.4
3.4
2.3
3.5
3.2
2.8
3.0
3.7
3.6
3.6
3.0
3.7
3.6
3.6
1984:1
II
HI
IV
5,402.3
5,493.8
5,541.3
5,583.1
5,313.9
5,410.8
5,456.0
5,531.0
5,452.6
5,544.3
5,591.1
5,627.1
9.0
7.0
3.5
3.1
3.5
7.5
3.4
5.6
70.59
71.18
71.74
72.24
70.67
71.25
71.72
72.18
70.59
71.16
71.73
72.24
70.60
71.17
71.74
72.25
4.9
3.4
3.2
2.8
4.9
3.3
2.7
2.5
4.8
3.3
3.2
2.9
4.7
3.3
3.2
2.9
1985:1
II
HI
IV
5,629.7
5,673.8
5,758.6
5,806.0
5,619.8
5,657.0
5,746.0
5,772.5
5,664.3
5,710.9
5,788.6
5,839.6
3.4
3.2
6.1
3.3
6.6
2.7
6.4
1.9
73.01
73.49
73.88
74.40
72.80
73.32
73.73
74.38
73.00
73.50
73.85
74.39
73.01
73.50
73.86
74.40
4.3
2.7
2.1
2.9
3.5
2.8
2.3
3.6
4.3
2.7
2.0
3.0
4.2
2.8
1.9
3.0
1986:1
II
HI
IV
5,858.9
5,883.3
5,937.9
5,969.5
5,828.7
5,872.6
5,956.0
5,993.1
5,887.3
5,901.9
5,959.0
5,981.7
3.7
1.7
3.8
2.1
3.9
3.1
5.8
2.5
74.69
75.04
75.51
76.05
74.71
74.85
75.37
75.94
74.68
75.05
75.51
76.01
74.69
75.05
75.51
76.02
1.5
1.9
2.5
2.9
1.8
.7
2.9
3.0
1.5
2.0
2.5
2.7
1.5
2.0
2.5
2.7
1987:
6,013.3
6,077.2
6,128.1
6,234.4
5,985.4
6,066.8
6,138.7
6,164.1
6.027.6
6,095.8
6,145.8
6,254.1
3.0
4.3
3.4
7.1
-.5
5.6
4.8
1.7
76.73
77.27
77.83
78.46
76.76
77.40
78.01
78.64
76.70
77.27
77.84
78.46
76.71
77.27
77.84
78.46
3.6
2.9
2.9
3.3
4.4
3.4
3.2
3.3
3.7
3.0
3.0
3.2
3.7
3.0
3.0
3.2
1969:1
II
Ill
IV
1970:1
lll'IZZ
|
||
Ill
IV
;
D-40
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Year and
quarter
Percent change from preceding
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
period
Implicit price deflators
Chain-type price index
Gross domestic
product
Final sales of
domestic
product
1988:1
II
Ill
IV
6,275.9
6,349.8
6,382.3
6,465.2
6,263.0
6,334.0
6,365.9
6,447.5
6,302.0
6,372.8
6,402.0
6,487.4
2.7
4.8
2.1
5.3
6.6
4.6
2.0
5.2
78.99
79.79
80.73
81.36
79.21
80.01
80.75
81.46
78.98
79.79
80.71
81.33
78.99
79.79
80.72
81.34
2.7
4.1
4.8
3.2
2.9
4.1
3.8
3.6
2.7
4.1
4.7
3.1
2.7
4.1
4.7
3.1
1989-1
||
Ill
IV
6,543.8
6,579.4
6,610.6
6,633.5
6,492.7
6,542.8
6,605.8
6,620.4
6,565.6
6,599.7
6,633.4
6,663.4
5.0
2.2
1.9
1.4
2.8
3.1
3.9
.9
82.20
83.02
83.62
84.24
82.36
83.26
83.74
84.43
82.20
83.01
83.62
84.24
82.20
83.02
83.63
84.25
4.2
4.0
2.9
3.0
4.5
4.4
2.4
3.3
4.3
4.0
2.9
3.0
4.3
4.0
3.0
3.0
1990:|
' ||
HI
IV
6,716.3
6,731.7
6,719.4
6,664.2
6,705.8
6,697.6
6,699.2
6,680.0
6,743.6
6,760.8
6,742.6
6,713.3
5.1
.9
-.7
-3.2
5.3
-.5
.1
-1.1
85.19
86.17
87.00
87.76
85.48
86.27
87.26
88.41
85.18
86.16
86.99
87.74
85.20
86.17
87.00
87.76
4.6
4.7
3.9
3.5
5.1
3.7
4.7
5.3
4.5
4.7
3.9
3.5
4.6
4.6
3.9
3.5
1991:1
II
Ill .. ..
IV
6,631.4
6.668.5
6,684.9
6,720.9
6,652.5
6,692.5
6,689.2
6,692.0
6,667.4
6,692.1
6,704.7
6,749.4
-2.0
2.3
1.0
2.2
-1.6
2.4
-.2
.2
88.78
89.41
89.99
90.47
89.09
89.51
90.04
90.60
88.76
89.40
89.99
90.47
88.78
89.41
90.00
90.48
4.7
2.9
2.6
2.2
3.1
1.9
2.4
2.5
4.8
2.9
2.7
2.2
4.7
2.9
2.6
2.2
1992:1
II
HI
IV
6,783.3
6,846.8
6,899.7
6,990.6
6,788.9
6,827.1
6,882.7
6,972.4
6.811.1
6,873.8
6.923.3
7,015.1
3.8
3.8
3.1
5.4
5.9
2.3
3.3
5.3
91.16
91.68
91.98
92.56
91.25
91.81
92.26
92.81
91.16
91.67
91.97
92.55
91.15
91.67
91.97
92.55
3.1
2.3
1.3
2.5
2.9
2.5
2.0
2.4
3.1
2.3
1.3
2.5
3.0
2.3
1.3
2.5
1993:1
II
Ill
IV
6,988.7
7,031.2
7,062.0
7,168.7
6,953.6
7,008.8
7,057.9
7,154.8
7,020.9
7,056.0
7,092.4
7,182.1
-.1
2.5
1.8
6.2
-1.1
3.2
2.8
5.6
93.33
93.83
94.26
94.79
93.42
93.98
94.32
94.83
93.32
93.82
94.24
94.79
93.32
93.83
94.26
94.81
3.4
2.2
1.8
2.3
2.7
2.4
1.5
2.2
3.4
2.2
1.8
2.4
3.4
2.2
1.8
2.4
1994:1
7,229.4
7,330.2
7,370.2
7,461.1
7,187.1
7,250.2
7,318.5
7,387.2
7,249.8
7,346.3
7,385.1
7,476.0
3.4
5.7
2.2
5.0
1.8
3.6
3.8
3.8
95.28
95.72
96.29
96.74
95.22
95.74
96.43
96.86
95.28
95.71
96.28
96.74
95.29
95.73
96.29
96.74
2.1
1.8
2.4
1.9
1.7
2.2
2.9
1.8
2.0
1.8
2.4
1.9
2.1
1.8
2.4
1.9
7,488.7
7,503.3
7,561.4
7,621.9
7,427.3
7,469.6
7,549.7
7,602.5
7,510.2
7,528.6
7,572.3
7,645.2
1.5
.8
3.1
3.2
2.2
2.3
4.4
2.8
97.45
97.86
98.31
98.79
97.51
98.04
98.42
98.85
97.45
97.86
98.30
98.78
97.45
97.87
98.31
98.79
3.0
1.7
1.8
2.0
2.7
2.2
1.6
1.8
3.0
1.7
1.8
2.0
3.0
1.7
1.8
2.0
1996:1
||
HI
IV
7,676.4
7,802.9
7,841.9
7,931.3
7,669.6
7,773.4
7,792.1
7,897.6
7,703.1
7,820.4
7,853.5
7,947.9
2.9
6.8
2.0
4.6
3.6
5.5
1.0
5.5
99.40
99.74
100.23
100.63
99.42
99.74
100.16
100.68
99.39
99.74
100.22
100.63
99.39
99.74
100.22
100.63
2.5
1.4
2.0
1.6
2.3
1.3
1.7
2.1
2.5
1.4
1.9
1.7
2.5
1.4
1.9
1.6
1997: |
II . .
Ill
IV
8,016.4
8,131.9
8,216.6
8,272.9
7,966.4
8,043.2
8,164.9
8,206.3
8,025.1
8,145.6
8,225.1
8,276.9
4.4
5.9
4.2
2.8
3.5
3.9
6.2
2.0
101.36
101.82
102.12
102.49
101.28
101.49
101.74
102.07
101.34
101.82
102.12
102.49
101.33
101.80
102.10
102.46
2.9
1.9
1.2
1.4
2.4
.8
1.0
1.3
2.9
1.9
1.2
1.4
2.8
1.8
1.2
1.4
1998:1
II
IV
8,404.9
8,465.6
8,537.6
8,654.5
8,289.4
8,402.7
8,463.4
8,585.0
8.412.9
8,471.4
8,526.7
8,649.3
6.5
2.9
3.4
5.6
4.1
5.6
2.9
5.9
102.75
103.04
103.42
103.69
102.08
102.28
102.57
102.87
102.74
103.03
103.41
103.70
102.70
102.99
103.38
103.67
1.0
1.1
1.5
1.1
.1
.8
1.1
1.2
1.0
1.1
1.5
1.1
1.0
1.1
1.5
1.1
1999: |
||
III
IV
8,730.0
8,783.2
8,905.8
9,084.1
8,680.3
8.764.9
8,861.8
9,000.5
8,726.0
8,776.7
8.895.4
9,075.0
3.5
2.5
5.7
8.3
4.5
4.0
4.5
6.4
104.25
104.63
104.90
105.31
103.35
103.86
104.30
104.80
104.29
104.65
104.89
105.24
104.25
104.62
104.86
105.19
2.2
1.4
1.1
1.6
1.9
2.0
1.7
1.9
2.3
1.4
.9
1.3
2.3
1.4
.9
1.3
2000:I
II
Ill
9,191.8
9,318.9
9,373.5
9,148.0
9,235.3
9,294.1
9,187.7
9,313.7
9,364.5
4.8
5.6
2.4
6.7
3.9
2.6
106.17
106.80
107.31
105.78
106.33
106.94
106.10
106.73
107.24
106.07
106.70
107.21
3.3
2.4
1.9
3.8
2.1
2.3
3.3
2.4
1.9
3.4
2.4
1.9
m"!!!!".""!
IV
1995:1
II
HI
IV
m'!!!!!!!'!!!!
Gross national
Gross domestic
product
product
Final sales of
domestic
product
Gross domestic Gross domestic
product
purchases
Gross domestic
product
Gross national
product
Gross domestic Gross domestic
product
purchases
Gross domestic Gross national
product
product
National Data
SURVEY OF CURRENT BUSINESS
December 2000
D-41
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
2000
1999
1998
1999
Sept.
Oct. j Nov. Dec.
Jan. 1 Feb. I Mar. I Apr. | May
June
Consumer and producer prices, (monthly data seasonally adjusted)
July
Aug.
Sept.
Oct.
l
Consumer price index for all urban consumers,
1982-84-100:
All items
Less food and energy
Services
163.0
173.4
184.2
166.6
177.0
188.8
167.8
178.1
189.8
168.1
178.4
190.2
168.4
178.7
190.8
168.8
178.9
191.1
169.2
179.3
191.8
170.1
179.6
192.4
171.3
180.4
193.3
171.3
180.8
193.7
171.5
181.1
194.2
172.4
181.4
195.1
172.8
181.8
195.9
172.7
182.1
196.4
173.6
182.6
196.9
173.9
182.9
197.6
Producer price index, 1982=100:
Finished goods
Less food and energy
Finished consumer goods
Capital equipment
Intermediate materials
Crude materials
130.7
143.7
128.9
137.6
123.0
96.8
133.1
146.1
132.1
137.6
123.2
98.2
134.6
146.7
134.1
137.6
124.7
106.8
134.6
147.0
134.0
137.9
124.9
104.2
134.7
146.9
134.2
137.8
125.2
109.6
134.9
147.0
134.4
138.0
125.6
104.2
135.0
146.7
134.5
138.2
126.2
106.9
136.5
147.2
136.4
138.2
127.3
111.1
137.5
147.3
137.7
138.3
128.5
113.5
137.0
147.4
137.0
138.4
128.4
111.8
137.1
147.8
137.1
138.7
128.3
115.1
138.3
147.8
138.7
138.7
129.4
124.8
138.1
147.9
138.3
139.0
129.7
119.9
137.8
148.0
137.9
139.0
129.4
118.1
139.0
148.5
139.4
139.3
130.3
124.4
139.5
148.4
140.1
139.3
130.6
128.6
-0.91
-.04
-0.14
.32
0.09
.31
-0.29
.62
-0.53
.73
0.41
.38
Money, interest rates, and stock prices
Money stock (monthly and quarterly data
seasonally adjusted):2
Percent change:
MI
.:.
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
-0.24
.43
0.47
.38
0.74
.47
1.21
.64
-0.36
.54
-1.29
.28
0.53
.81
0.42
8.134
1.751
8.435
1.716
1.709
1.724
8.603
1.723
1.716
1.720
1.724
1.723
1.718
8.978
1.725
1.728
1.727
9.136
1.722
1.729
1.719
5.35
4.81
6.44
5.26
5.09
6.94
8.35
4.97
4.66
7.00
5.65
5.43
7.43
8.00
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
5.42
5.07
7.35
6.03
5.86
7.74
8.37
5.30
5.23
7.55
6.28
5.95
7.91
8.50
5.45
5.34
7.83
6.66
6.08
8.21
8.50
5.73
5.57
7.59
6.52
6.00
8.33
8.73
5.85
5.72
7.54
6.26
5.83
8.24
8.83
6.02
5.67
7.49
5.99
5.75
8.15
9.00
6.27
5.92
7.85
6.44
6.00
8.52
9.24
6.53
5.74
7.75
6.10
5.80
8.29
9.50
6.54
5.93
7.66
6.05
5.63
8.15
9.50
6.50
6.11
7.47
5.83
5.51
8.03
9.50
6.52
5.99
7.50
5.80
5.56
7.91
9.50
6.51
6.10
7.50
5.74
5.59
7.80
9.50
8.776
1,084.31 1,326.06 1,318.17 1,300.01 1,391.00 1,428.68 1,425.59 1,388.87 1,442.21 1,461.36 1,418.48 1,461.96 1,473.00 1,485.46 1,468.05 1,390.14
Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)'
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.
137,673 139,368 139,475 139,697 139,834 140,108 140,910 141,165 140,867 141,230 140,489 140,762 140,399 140,742 140,639 140,918
76.4
77.2
76.5
76.6
76.7
76.8
76.4
76.7
77.0
76.6
76.5
76.3
76.9
76.6
76.5
76.5
61.4
61.2
60.7
60.4
60.8
60.5
61.0
61.0
61.2
61.2
60.7
60.7
60.7
60.6
60.6
60.6
52.7
52.4
52.3
52.8
52.1
51.3
53.1
52.9
51.7
52.1
52.1
51.5
52.1
52.0
51.6
51.6
131,463 133,488 133,650 133,940 134,098 134,420 135,221 135,362 135,159 135,706 134,715 135,179 134,749 134,912 135,161 135,422
64.1
64.4
64.2
64.2
64.2
64.3
64.7
64.8
64.8
64.3
64.3
64.4
64.5
64.3
64.9
64.3
128,085 130,207 130,471 130,702 130,788 131,141 131,850 131,954 131,801 132,351 131,417 131,858 131,450 131,569 131,821 132,188
125,865 128,786 129,265 129,523 129,788 130,038 130,387 130,482 131,009 131,419 131,590 131,647 131,607 131,528 131,723 131,860
25,414 25,482 25,460 25,483 25,527 25,561 25,677 25,624 25,738 25,725 25,684 25,700 25,756 25,644 25,610 25,648
100,451 103,304 103,805 104,040 104,261 104,477 104,710 104,858 105,271 105,694 105,906 105,947 105,851 105,884 106,113 106,212
41.7
41.4
41.7
41.7
41.7
41.4
41.7
41.8
41.7
41.8
41.8
41.7
41.2
41.3
42.2
41.6
4.6
4.6
4.7
4.7
4.7
4.7
4.6
4.7
4.6
4.9
4.5
4.6
4.6
4.5
4.4
4.4
6,210
5,880
5,825
5,757
5,736
5,688
5,689
5,804
5,708
5,524
5,774
5,583
5,650
5,829
5,477
5,496
4.5
1.2
14.5
4.2
1.1
13.4
4.2
1.0
13.0
4.1
1.0
13.2
4.1
1.0
13.0
4.1
4.0
1.0
4.1
0.9
12.5
4.1
0.9
12.8
3.9
0.9
12.4
4.1
4.0
0.9
12.4
4.0
0.9
13.3
4.1
1.0
3.9
0.9
11.9
3.9
0.9
12.4
110.2
107.7
118.6
113.4
109.7
124.4
115.8
109.3
126.5
1.0
12.8
13.2
116.3
109.8
127.8
1.0
12.6
118.1
109.7
129.6
13.0
119.2
110.4
131.6
December
National Data • D-43
SURVEY OF CURRENT BUSINESS
2000
E. Charts
Percent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally
adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate.
SELECTED NIPA SERIES
Chained (1996) dollars
Apr m
Dec Urn
36000
Nov Mar
REAL GROSS DOMESTIC PRODUCT PER CAPITA
JanJtyJy
Hov
Jly Mar
36000
^ | |
34000-
-34000
32000-
-32000
S
30000-
y
-^30000
-26000
28000-
1
f
26000-
-240CK)
24000-- ! ' ' /
22000-
/J
20000-
- •
/
'H
-20000
w*
18000-
-18000
16000-
-16000
1
14000-
-14000
12000
\
J ti
Apr
! r i ••(
J
i i i s 7 1 ' r\ \y 11Dec Nov
Nov Mar
/*7
Ol
vfanJty.Hy
Ov5
OQ
isfov
Jy Mar
20
REAL GROSS DOMESTIC PRODUCT (PERCENT CHANGE)
10
10
- 5
J
il,
'I'l
Jll
1
-10
.
' 6 5 ' • W 1 l 69
71f
US, Department of Commerce, Bureau of Economic Analysis
liLlli
-10
W
D—44
•
National Data
December 2000
SURVEY OF CURRENT BUSINESS
SELECTED NIPA SERIES
Percent
Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
6U
60
SHARES OF FEDERAL GOVERNMENT RECEIPTS
Personal tax and nontax payments
50 -
- 50
A.
^
^
-
*
40 -
- 40
30 -
/
'
'
- 30
Contributions for social insurance
20 '
- 20
„_-/
Corporate profits tax
10 ~
—
^
~
—
^
- 10
_
Indirect business taxes
0
J
Percent
59'
61
63
65' 67
Apr Feb
70
LI
69' LI
'71'
Dec Nov
0
73
75
'77
Nov Mar
79
:
81' 83'
JanJIyJIy
85
'87'
89' '91 '
Nov
'93
95' '97' 99-
Jly Mar
70
SHARES OF FEDERAL GOVERNMENT CURRENT EXPENDITURES
60
60
-50
Transfer payments
-40
-30
Consumption expenditures
-20
Grants to State and local governments
10
10 Net interest
Percent
59
61
63
65 67
71
Apr Feb
Dec Nov
73'
75
'77
Nov Mar
79
•
i
'81
'83
JanJIvJIv
85
91 !
'87
93
95
97
99'
Jly Mar
Nov
RATIO, GOVERNMENT SURPLUS/DEFICIT (NIPA) TO GROSS DOMESTIC PRODUCT
4 Total
2
-
2
0 "
- 0
--2
—4
-4 "
—6
-8
-8
59
61
63
65
67'
69
71
U.S. Department of Commerce, Bureau of Economic Analysis
73
75
77
79'
81' 83
85
87
'89
91'
93
95
97
99
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
D-45
SELECTED NIPA SERIES
Percent Apr Feb
Dec
NOT
NOV
Mar
JanJIyJIy
Jly Mar
Nov
25
25
RATIO, SAVING TO GROSS NATIONAL PRODUCT
20
-20
15-
15
Corporate and other private saving
A A
10-
10
Personal saving
- 5
»-- o
Gross government saving
-5
59'
61 i 63 l : i'fi?1 ;i '87' '69' ' ? 1 ' '73' '75' '77
Percent Apr Feb
' . ;
iOm tkN
New Mar
25
~
"
RATJO, INVESTMENT TO GROSS NATIONAL PRODUCT
'79' ' 8 1 ' '83' '85' '87' '89' ' 9 1 ' '93' '95' '97' '99 :
JajiJtyJ^ Nov
Jly Mar
25
20-
-20
15-
-15
'-'
Gross private domestic investment
10-
10
Gross government investment
- 5
- 0
59'
Percent
60
w
'61' '63' '65
Dee Nov
87'
'89'
'91'
'93'
'95'
'97
'99
Nov Mar
60
SHAHIS OF GROSS PRIVATE DOMESTIC FIXED INVESTMENT
50-
- 50
Equipment and software, nonresidential
40
40
30
30
20-
- 20
10
" 10
77*
U.S. Department of Commerce, Bureau of Economic Analysis
79
81' 83
85
871
'91l
'93'-",-195:';. ':97'
D—46 • National Data
SURVEY OF CURRENT BUSINESS
December 2000
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
1959
Wage and salary
accruals, 63.1%
1999
Wage and salary
accruals, 59.9%
Net interest, 2.4%
Net interest, 6.8%
Corporate profits
with IVA and CCAdj, 13.0%
, 3.7-o
Supplements to
wages and salaries. 5.2'
Corporate profits
with IVA and CCAdj, 11.5%
Supplements to
wages and salaries, 11.0%
Rental income of persons
Proprietors' income
with CCAdj, 1.9%
with IVA and CCAdj, 8.9%
Proprietors' income
with IVA and CCAdj. 12.6%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
1959
1999
Business 84.7
Business. 86.1%
General
government. 11,5%
General
government, 11,0%
iuseholds and
institutions, 2.4%
Households and
institutions, 4.3%
SHARES OF GROSS DOMESTIC PURCHASES
1959
Personal
consumption
/
expenditures, 62.5% /
Personal
consumption
expenditures, 65.6%
Government consumption
expenditures and gross
investment, 17.1%
Government consumption
expenditures and gross
investment. 22.1%
Nonresidential
investment, 9.9%
Residential investment, 5.5%
U.S. Department of Commerce, Bureau of Economic Analysis
1999
Nonresidential
investment, 13.1
Residential investment, 4.2%
December
National Data • D-47
SURVEY OF CURRENT BUSINESS
2000
SELECTED NIPA SERIES
Percent
Apr Feb
Dec Nov
JanJIyJIy
Nov Mar
Nov
Jly Mar
60
60
SHARES OF GROSS DOMESTIC PRODUCT BYTYPE OF PRODUCT
Output of services,
50
50
40
40
30
30
20 -
20
Output of structures
10
-10
59;
'61'
63
65
67
'69
Aor Feb
16
!
71 '
Dec Nov
!
75 :
73
Nov
Mar
77
!
79
,
81
Jan Jlv Jlv
:
83
'85
87
89
Nov
91
93
95
97
99
Jlv Mar
16
EXPORTS AS SHARE OF GROSS DOMESTIC PRODUCT
IMPORTS AS SHARE OF GROSS DOMESTIC PURCHASES
14 -
14
12 -
- 12
A
Imports
10 -
-10
8 -
- 8
J
Exports
6 _
4 _.
2
Percent
- 6
^y-v^
|
59 1
.—-v~^
i j 1 j
'61' 63
| •. I
65
T
- 4
I j ,:
6 7 , '69
Apr Feb
'71 '
Dec Nov
73
'TS^-U/U
Nov
Mar
:
81! ]J-'W'
Jan Jlv Jlv
87
91
89
'93
95
97
J
Jlv Mar
Nov
60
60
SHARES OF PERSONAL CONSUMPTION EXPENDITURES BY TYPE OF PRODUCT
50-
50
40-
40
30
"30
20
20
Durable goods
10
0
10
T
59;
!
6i' 'S3
' 65
!
69
!
AJ.S. Department of Commerce, Bureau of Economic Analysis
!
7 1 ! 73 !
W
7 ? '-•..' -. ;79r
' 81
85
87*
'89
91
93
95
97 ; '99
D-48
• National Data
December 2000
SURVEY OF CURRENT BUSINESS
SELECTED NIPA SERIES
Percent
Apr Feb
20
Dec Nov
Jan JlyJty
Nov Mar
Nov
Jly Mar
20
PROFIT MARGIN, DOMESTIC NONFINANCIAL CORPORATIONS*
16
-16
12-
'Ratio of corporate profits per unit to cost and profit per unit
59 1
Ratio
l
'73'
8t'
Apr Feb
PBC
Nm
Nov
75'
'77'
Mar
'79'
'81'
JanJIyJIy
'83
85
Nov
'89
91
Jly Mar
INVENTORY/SALES RATIOS, CURRENT-DOLLAR*
Nonfarm inventories to
final sates of goods and structures
-4
Inventories to
final sales of domestic business
Nonfarm inventories to
final sales of domestic business
•Based on current-dollar estimates of inventories and sales
'63'
'65 ;
'67'
Apr Feb
'69'
'71'
Dec Nov
'73
Nov
75
77'
Mar
'79'
'81
JanvByJly
83
Nov
'93
.'85
f.
:
'95
'97
'99
*>% Mar
INVENTORY/SALES RATIOS, REAL*
Nonfarm inventories to
final sales of goods and structures
3Inventories to
final sales of domestic business
2 -
Nonferm inventories to
final sales of domestic business
"Based on chained (1996) dollar estimates of inventories and sales
5dl
\sf
W
'as1 '67'
'eg! ':
US. Department of Commerce, Bureau of Economic Analysis
l
73'
'75'
'77'
'79
l
88'
U
-"2
December 2000
National Data •
SURVEY OF CURRENT BUSINESS
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Mar
18
Percent
32
JlyMar
JanJIyJIyNov
JanJIyJIyNov
JlyMar
PRODUCER PRICE INDEX (PERCENT CHANGE)
CONSUMER PRICE INDEX (PERCENT CHANGE)
16 •
All items less food and energy
14 12 10 -
8 -
Finished goods lesstoodand energy
6
4 2 0 Finished goods
-2
TT
75 77
Index
79
81
I I I
83'
85
'87
89'
JanJIyJIy Nov
91
93
W
97
9$
75
C6nt
Mar
JlyMar
77
79
81
83
85
W
89'
JanJIyJIyNov
'»1
93
95
97
JlyMar
I CAPACITY UTILIZATION RATE
INDUSTRIAL PRODUCTION INDEX, 1992=100
90-
85-
80-
75-
70 -
T
T
75 77
Hours
43 Mar
• • • :
79
81
I I I : !
83
85
87
•
:
89
91
93
•
. .
95
97
75
77
79
81
83
85
87
89
91
93
95
9/
99
93 3s 97
99
JlyMar
JanJIyJIy Nov
AVERAGE WEEKLY HOURS, MANUFACTURING
AVERAGE WEEKLY OVERTIME HOURS MANUFACTURING
42 -
41
40 -
39 H
3
-
38 -
37
|
75
! •
'77
79
• :
'81
83
85
I i
87
. T
89 91
•
93
: :
95
•
97
:
99
75
77 79
81
8.1 85
B/ 89
91
D-49
D-50
• National Data
December
SURVEY OF CURRENT BUSINESS
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Mar
ftM
JlyMar
JanJIyJIyNov
12
8al*
18
JanJIyJIyNov
JlyMar
INTEREST RATES
10-Year Treasury Bonds
75 W
Percent
Mar
25
79
81
83
85 '8?
89
JanJIyJIyNov
'91 '93
95
'97
JlyMar
. i i i i i i i i i i i i i i i i i ! i i i i ii
75
Ratio
9 5 Mar
77
79
81
83
85
87
JanJIyJIyNov
89
91
93
95
97 99
JlyMar
MONEY SUPPLY
(PERCENT CHANGE)
20 -
15 -
0 -
-5 -10
M1
I I I : '
75 77
Millions
Mar
3.0
:
79
81
i
83
i
85
i
'
• '
87 69
1
.
91
93 95
i
f
1
: ; •
Thousands
1 2 0 0 Mar
JlyMar
JanJIyJIyNov
. . i ! I i • i i i I I ! i I I I I I i i I i
75 77 79 81 83 85 87 89 91 93 95 97
97 99
JanJIyJIyNov
JlyMar
SALES OF NEW ONE-FAMILY HOUSES
2.5 -
1000-
2.0 8001.5 -
6001.0 4000.5 -
200
75 77
79
81
83
85
87 89
91 93 95
U.S. Department of Commerce. Bureau of Economic Analysis
97 99
75' 77' 79' '81 83! 85
87* 89* 91
w' 95' 97*
2000
December 2000
International Data • D—51
SURVEY OF CURRENT BUSINESS
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 21, 2000 and include "preliminary" estimates for September 2000 and "revised" estimates
for August 2000. 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]
1999
2000
1998
Aug.
Sept.
Oct.
Nov.
Dec.
83,198
84,107
932,977
956,242
81,108
81,857
82,349
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
670,324
46,397
148,266
299,612
73,157
79,261
35,444
-11,813
684,358
45,532
147,000
311,406
75,756
80,768
35,336
-11,439
58,402
59,094
3,947
4,130
13,099
26,702
59,193
3,992
13,183
26,793
3,056
-1,147
6,391
6,790
2,894
-850
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts2
U.S. Government miscellaneous services
262,653
71,286
20,098
25,604
36,197
90,914
17,628
271,884
74,881
19,776
27,033
36,467
96,508
16,334
885
22,706
6,167
1,681
2,299
3,035
8,057
1,386
81
22,763
6,347
1,752
2,240
3,027
8,108
1,208
81
105,904
Exports of goods and services .
12,532
26,785
6,700
6,566
2,729
-857
3,748
13,717
26,379
6,397
85,312
86,975
60,894
62,513
62,566
3,953
3,851
13,728
60,321
3,951
13,283
27,428
6,636
7,029
3,003
-1,009
3,865
13,862
26,972
6,549
7,374
3,380
-1,108
14,649
27,176
29,056
6,901
7,422
2,989
-576
6,417
7,214
2,842
-542
May
June
July
Aug.'
86,846
90,991
89,799
92,968
92,360
3,999
65,096
4,084
13,987
67,973
4,279
67,316
4,155
62,749
3,977
13,749
29,055
6,568
14,278
14,843
31,813
Sept.'
15,243
31,124
7,033
7,753
3,170
-889
30,661
6,455
7,556
2,895
-541
2,974
-761
31,528
6,615
7,616
2,732
-572
7,134
23,156
6,577
1,672
2,355
3,035
8,228
1,213
76
23,516
6,731
1,693
2,398
3,034
8,412
1,175
73
22,896
23,370
6,616
1,456
2,334
3,092
8,612
1,191
69
24,418
6.998
1,851
2,384
3,117
8,820
1,180
68
24,462
6,817
1,755
2,534
3,144
8,942
1,203
67
24,702
7,133
1,714
2,434
3,207
8,900
1,244
70
24,097
6,174
1,590
2,344
3,038
8,478
1,201
71
6,714
1,655
2,463
3,231
8,751
1,212
71
24,523
6,902
1,719
2,500
3,247
8,817
1,266
72
24,703
7,042
1,736
2,459
3,269
8,883
1,241
73
7,158
1,734
2,516
3,275
9,035
1,204
73
25,044
7,251
1,788
2,560
3,282
8,954
1,135
74
107,259
108,909
109,764
110,957
112,793
117,345
116,905
116,640
120,837
121,492
122,774
126,623
90,769
92,082
93,466
94,370
95,535
99,460
3,628
20,651
25,860
15,357
20,893
3,865
514
3,747
20,816
26,230
15,523
21,130
3,717
922
3,768
21,274
26,592
16,119
21,202
3,758
753
3,648
21,831
26,547
16,364
21,405
3,882
693
3,668
23,560
26,772
15,595
21,179
3,901
3,827
24,579
27,749
16,372
22,536
3,924
674
16,501
22,937
3,951
251
99,224
3,802
23,925
28,812
15,620
23,030
3,769
265
103,330
3,836
25,430
29,644
16,741
23,129
4,147
403
103,620
3,930
25,801
29,553
17,000
23,067
4,096
173
104,657
3,966
25,095
30,769
16,918
23,283
4,300
325
107,524
3,927
26,498
31,611
16,939
23,757
4,198
593
16,298
4,863
1,796
3,082
1,241
3,979
1,109
228
16,587
5,004
1,779
3,076
1,198
4,185
1,108
237
17,258
5,302
1,947
3,217
1,194
4,253
1,107
238
17,684
5,531
2,051
3,289
1,198
4,269
1,107
239
17,445
5,431
2,017
3,212
1,222
4,213
1,113
237
17,416
5,307
1,935
3,320
1,234
4,266
1,116
238
17,507
5,369
2,012
3,259
1,246
4,261
1,121
239
17,872
5,478
2,036
3,360
1,262
4,365
1,131
240
18,117
5,534
2,086
3,415
1,276
4,433
1,131
242
19,099
-32,255
6,598
-25,657
-34,049
6,783
-34,641 -37,148 -36,895 -36,474
6,778
6,681
7.160
7,257
-27,266 -27,481 -30,370 -29,638 -29,793
-36,862
7,016
-29,846
-38,523
6,831
-31,692
-36,684
6,878
-40,208
5,945
1,221,213
105,039
917,178
41,243
200,140
269,557
149,054
216,515
35,387
5,281
1,029,917
43,579
222,024
297,112
179,393
239,466
88,920
3,663
19,991
25,069
15,568
20,271
3,692
20,349
25,104
15,543
20,312
43,046
5,299
3,769
589
3,715
953
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U.S. Government miscellaneous services
182,697
56,509
19,971
30,363
11,713
49,051
12,241
2,849
191,296
59,351
21,405
34,137
13,275
46,657
13,650
2,821
16,119
4,906
1,768
3,030
1,101
3,842
1,215
257
16,237
4,920
1,788
3,047
1,127
3,895
1,205
255
16,490
16,827
5,175
1,874
2,990
1,194
3,890
1,134
233
5,236
1,898
3,142
1,221
3,986
1,115
229
-246,853
79,956
-166,897
-345,559
80,588
-264,971
-30,518
6,587
-23,931
-30,573
6,526
-24,047
-31,576
-32,401
6,666
6,689
-24,910
-25,712
p Preliminary.
T
Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and
Mar.
7,193
3,124
-891
1,099,875
Memoranda:
Balance on goods
Balance on services
Balance on goods and services
6,596
Apr.
Feb.
6,915
2,789
-263
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
Imports of goods and services
61,211
3,846
13,559
27,784
Jan.
3,769
23,382
7,165
2,932
-£97
7,691
5,638
2,108
3,528
1,956
4,498
1,129
242
-29,806 -34,263
definitions used to prepare BEA's international and national accounts.
2. Contains goods that cannot be separately identified.
Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census
D—52 • International Data
December 2000
SURVEY OF CURRENT BUSINESS
Table F.2.—U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line
1999
(Credits +; debits - ) '
1999
Seasonally adjusted
1999
2000
2000
\\P
Current account
300,994
234,297
313,084
324,612
241,969
173,881
249,653
336,854
255,977
265,133
180,085
183,728
191,810
69,568
3,589
72,249
3,574
73,323
3,722
19,482
20,431
5,062
7,252
20,749
5,088
7,397
9,353
26,373
204
9,685
26,469
86,952
86,370
37,192
1,232,407
301,400
310,234
329,184
335,995
351,764
956,242
684,358
234,416
168,279
239,133
166,831
254,892
254,449
184,593
264,683
193,225
271,884
72,302
3,944
69,168
3,589
3,574
71,458
3,722
67,854
16,334
66,137
4,561
4,561
3,944
Travel
Passenger fares
Other transportation
74,881
19,776
27,033
18,569
4,756
6,693
21,908
5,760
18,620
4,794
7,056
17,783
20,754
18,564
4,697
6,920
4,902
18,695
5,105
6,728
Royalties and license fees 5
Other private services5 .
U.S. Government miscellaneous services
36,467
8,889
22,446
223
9,007
24,365
239
9,710
25,179
220
9,088
27,590
204
4,941
7,403
9,376
71,101
70,542
31,246
74,292
73,726
31,044
81,546
80,971
34,734
673
548
38,449
847
559
41,970
712
566
45,091
1,146
575
-1,515,861
-369,684
-397,633
-409,741
-416,801
1,025
582
-446,790
-1,221,213
-298,247
-329,276
-332,009
-354,738
-1,029,917
-249,586
-281,526
-284,485
-300,637
-191,296
-48,661
-3,373
-320,955
-268,507
-52,448
-3,626
-47,750
-3,358
-47,524
-3,322
-54,101
-3,350
-13,147
-5,015
-13,313
-5,258
-9,227
-17,477
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
96,508
885
Income receipts
Income receipts on U.S.-owned assets abroad
Direct investment receipts
Other private receipts ....
U.S. Government receipts
Compensation of employees
276,165
273,957
118,802
151,958
3,197
2,208
Imports of goods and services and income payments
Imports of goods and services
Goods, balance of payments basis
Services
2
3
-13,650
-59,351
-21,405
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 grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
66,436
29,228
36,535
-15,945
-5,655
7,079
-18,017
-5,964
-9,185
185,724
-9,241
-3,881
25,049
213
87,081
86,499
37,542
47,932
166,443
6,692
9,140
23,772
223
9,106
24,271
66,697
71,115
70,556
74,959
31,361
559
31,691
41,970
732
566
80,877
80,302
34,116
45,091
1,095
575
-368,439
-391,337
-406,575
-426,335
-445,887
-297,597
-250,427
-47,170
-3,373
-314,687
-325,933
-341,094
-266,199
-276,318
-289,566
-354,392
-302,026
-52,366
-3,350
-16,107
-5,964
66,149
28,804
36,535
810
548
239
38,449
746
-48,488
-3,626
-49,615
-3,358
-51,528
-3,322
-15,837
-5,777
-8,953
-15,274
-5,568
-9,214
-3,224
-11,719
-675
-3,314
-11,682
-766
-3,656
-11,855
-690
-92,052
-90,172
-19,428
-43,843
-26,901
-1,880
-70,842
-76,650
-85,241
-68,962
-74,749
-80,642
-78,712
-14,106
-31,701
-23,155
-1,880
-15,660
-15,416
-38,136
-17,048
-11,917
-3,180
-11,537
-900
-7,837
-1,074
-7,366
-11,396
-2,847
-1,080
-6,405
-9,847
-3,631
-13,275
-46,657
-2,821
-3,150
-11,645
-3,223
-11,667
-675
-766
-294,648
-71,437
-76,678
-287,059
-56,098
-135,830
-69,646
-74,696
-690
-60,465
-78,404
-14,790
-31,701
-23,155
-1,791
-15,607
-34,942
-24,147
-1,982
-15,108
-38,136
-25,160
-2,061
-11,355
-2,847
-1,010
-7,498
-14,690
-5,256
-1,641
-29,850
-11,104
-3,097
-856
-7,151
-7,793
-3,528
-12,162
-714
-84,792
-82,964
-16,723
-40,167
-26,074
-1,828
-12,249
-2,912
-1,087
-8,250
-3,500
165
171
-3,993
166
163
-430,187
-172,748
-124,257
-108,555
-181,783
8,747
1,159
1,951
1,569
-554
-76,069
2,020
10
5,484
3,253
-190
1,413
-184
2,268
-133
-178
1,800
-53
-180
-237
-137
-180
2,328
-128
1,413
-64
3,711
-131
-1,750
1,328
291
-572
-1,229
715
-58
-392
-2,167
1,887
-112
-686
-1,595
-181,098
-45,788
-171,609
-124,174
-43,552
-41,420
-7,589
-48,025
-13,774
-4,401
74,393
-14,799
-5,348
-8,218
-95,131
25,118
220
-14,718
-5,274
-8,187
-34,137
-12,418
4,955
7,097
9,107
-12,677
-714
352,085
-9,582
-3,590
-12,706
-714
-83,289
213
47,932
1,246
582
-9,791
-3,702
-12,738
-714
-91,495
-89,515
-1,952
-18,771
-43,843
-26,901
-1,980
-7,469
-14,260
-5,256
-1,181
-7,823
-12,024
-2,912
-1,114
-7,998
-12,336
-3,180
-1,113
-8,043
165
171
-3,993
166
163
-170,842
-122,909
-114,882
-178,958
1,159
1,951
1,569
-554
-73,648
2,020
-190
-184
2,268
-133
-178
-180
-237
-3,097
-34,942
-24,147
-1,901
-25,160
-1,930
-40,167
-26,074
Capital and financial account
Capital account
39
Capital account transactions, net
Financial account
U.S.-owned assets abroad, net (increase/financial outflow (-))
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
70a
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
2,751
-6,175
,
-441,685
-150,901
-128,594
-92,328
-69,862
753,564
42,864
32,527
Foreign-owned assets in the United States, net (increase/financial inflow(+))
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
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
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
-44,900
-41,420
-27,943
-11,259
-17,150
-24,428
-45,304
-27,236
-52,563
-55,511
-77,517
-39,916
-26,350
-26,112
14,861
-41,786
-11,259
272,809
194,924
183,002
236,634
223,457
272,008
194,210
-1,096
-916
12,191
27,495
11,852
5,122
6,730
89
14,427
1,127
22,015
24,305
5,905
6,334
-4,000
10,334
-772
-561
904
-1,096
-916
12,191
184,567
27,495
14,798
11,852
-6,708
5,792
12,963
1,835
-760
-2,032
5,122
6,730
89
155,507
47,825
-17,191
92,250
12,213
792
19,618
214,619
49,061
-9,248
132,416
-6,847
58,061
-8,824
38,038
-173,515
-34,864
-71,131
-25,734
-41,786
-125,522
12,177
20,350
-3,255
12,692
900
-6,708
5,792
710,700
275,533
-20,464
331,523
22,407
34,298
67,403
11,602
273,905
-1,099
1,436
-517
144,603
-5,407
3,057
13,663
37,151
-20,838
14,798
12,963
1,835
-760
-2,032
185
182,733
56,277
9,639
95,620
4,697
-8,085
24,585
27,916
24,793
16,198
8,107
-644
-2,577
931
217,552
80,420
-20,661
86,547
989
21,597
48,660
-40,608
,
-32,958
-71,131
-25,734
-1,099
1,436
-517
273,104
143,802
-5,407
80,838
3,057
13,663
37,151
-22,349
-1,511
-345,559
-81,307
17,476
-264,971
-18,483
-48,025
-331,479
-63,831
-4,453
-11,104
-79,388
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
accounts transactions pavments; financial outflows—decrease in foreign-owned assets (U.S. liabilities) or increase
in U.S.-owned assets (U.S. claims).
2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents,
excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects
various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis;
-686
-1,595
1,026
-117
1,800
-53
3,711
-1,099
5,093
-283
-1,099
5,093
-283
-113,835
-26,953
-2,167
1,887
-112
9,560
-634
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
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
-64
-392
-101,676
19,854
-81,822
-5,577
-11,355
-98,754
-95,802
21,418
-74,384
-6,173
-14,690
-95,247
22,332
-77,560
-3,246
-12,249
-93,055
-107,412
17,357
-90,055
-4,971
-11,917
-106,943
-83,984
20,684
-63,300
-4,145
-11,537
-78,982
1,026
-117
-27,943
185
-137
-131
-1,750
1,328
291
-120,162
-33,280
-17,150
-24,428
-45,304
-178,273
236,535
14,427
1,127
182,019
55,563
9,639
95,620
4,697
-8,085
24,585
18,177
-9,739
157,072
49,390
-17,191
-92,318
19,600
-72,718
-5,535
-11,396
-96,233
19,953
-76,280
-5,683
-14,260
-89,649
-96,223
92,250
12,213
792
19,618
30,531
5,738
^2,963
-27,236
-52,563
-55,511
22,015
24,305
16,198
8,107
-644
-2,577
931
-180
2,328
-128
-572
-1,229
715
-58
-75,096
-37,495
-26,350
-26,112
14,861
222,736
5,905
6,334
-4,000
10,334
-111
-561
904
214,520
48,962
-9,248
132,416
-6,847
58,061
-8,824
43,762
5,724
216,831
79,699
-20,661
86,547
989
21,597
48,660
-105,838
20,721
-85,117
-4,364
-12,024
-101,505
-110,216
20,957
-89,259
-4,543
-12,336
-106,138
-43,113
-2,505
see table 2 in "U.S. International Transactions, Second Quarter 2000" in the October 2000 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.
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.
International Data
SURVEY OF CURRENT BUSINESS
December 2000
D-53
Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
European Unionl-
Western Europe
Line
(Credits +; debits -) >
1999
2000
1999
European Union (6) 15
United Kingdom
2000
1999
2000
2000
1999
\\p
Current account
Exports of goods and services and income receipts
Exports of goods and services
Goods, balance of payments basis2
Services3
Transfers under U.S. military agency sales contracts4
jravel
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 basis2
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 grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
Capital and financial account
Capital account
Capital account transactions, net
Financial account
U.S.-owned assets abroad, net (increase/financial outflow
())
U.S. official reserve assets, net
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
U S Treasury securities 9
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
Statistical discrepancy (sum of above items with sign
reversed)
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73,
74, and 75) 13
109,197
70,316
44,428
100,588
68,675
43,334
25,341
869
6,308
1,733
2,078
4,954
9,360
39
31,913
31,873
13,313
18,408
152
40
-119,946
-78,728
-59,558
-19,170
-2,024
-3,984
-2,347
-2,950
-2,113
-5,470
-282
-41,218
104,910
68,077
43,726
24,351
957
5,470
1.368
2,147
4,558
9,811
40
36,833
36,795
16,374
20,168
253
38
-120,768
-77,357
-58,413
-18,944
-1,981
-3,784
-2,491
-3,028
-1,922
-5,455
-283
-43,411
1,769
2,268
4,644
9,361
42
38,881
38,842
17,107
21,588
147
39
-130,757
-83,353
-59,752
-23,601
-2,005
-6,903
^3,409
-3,322
-1,911
-5,764
-287
-47,404
-41,133
-10,815
-19,857
-10,461
-85
-392
-142
-384
134
-43,325
-11,890
-20,598
-10,837
-86
-395
-166
-351
122
-47,328
-13,893
-22,670
-10,765
-76
-286
-126
-342
182
48,705
34,699
23,390
11,309
218
2,904
854
1,026
2,318
3,963
26
14,006
13,992
6,302
7,573
117
14
-57,860
-43,494
-32,910
-10,584
-1,350
-3,397
-1,421
-1,276
-781
-2,160
-199
-14,366
-23,193
-3,892
-13,587
-5,714
-22
290
-25,069
-4,719
-14,666
-5,684
-21
294
-12,570
-5,130
-4,279
-3,161
-38
-138
-13,516
-6,218
-4,040
-3,258
-39
-49
-14,331
-6,879
-4,223
-3,229
-35
-41
-52
400
-53
343
-50
344
-164
-167
118
-177
136
12
13
12
15
16
16
-12,999
-63,862
-49,978
-25,615
-28,772
9,967
19
-28,791
-11,830
-1
9,968
-5,790
3,110
98,010
63,766
40,506
23,260
617
6,269
1,686
1,965
4,280
8,405
38
34,244
34,208
14,854
19,221
133
36
-117,411
-75,359
-54,443
-20,916
-1,625
-6,354
-3,042
-2,731
-1,451
-5,466
-247
-42,052
28,644
16,724
9,239
7,485
104
2,240
684
446
929
3,076
6
11,920
11,902
4,072
7,809
21
18
-38,330
-16,565
-10,450
-6,115
-154
-1,155
-909
-683
-395
-2,791
-28
-21,765
31,984
17,178
10,030
7,148
90
1,979
508
419
947
3,198
7
14,806
14,789
6,141
8,648
33,296
17,549
10,095
7,454
93
2,286
641
458
834
3,135
7
15,747
15,729
6,636
9,093
17
-40,081
-16,866
-10,523
-6,343
-158
-1,217
-998
-640
-401
-2,910
-19
-23,215
-36,779
-9,109
-18,015
-9,655
-67
-55
-39,044
-10,429
-18,615
-10,000
-68
-44
-1
-304
261
-41,990
-12,097
-19,893
-10,000
-62
-24
-5
-309
290
-21,743
-3,433
-12,774
-5,536
-22
348
-298
243
35
-35,065
-63
-149,764
-379
-17,170
-310
-35,748
-46
-100
-44,075
-79
-63
-379
-310
-46
-100
-79
150
-40
255
256
-73
295
31
-39
111
-13
193
-29
16
-11
33
-65
-35,152
-9,803
-2,024
34
-149,641
-29,237
-9,730
-18
-16,891
-20,314
-25,181
-12,624
-26,331
-10,701
-84,343
-45
-35,813
-2,265
-2,915
33
-108,982
-27,579
-9,913
-11,955
-24,925
-18,678
-46,565
-6
-44,012
-18,247
-24,053
131
-30
"i36
-5
-13,130
708
-6,531
11
-63,873
-11,496
-11,998
-7,632
-26,790
325
-13,589
-6
-49,972
-9,233
-30,455
-30
-25,585
-1,974
3,813
2,457
-4,953
4,155
-1,712
-10,284
12,648
-22,471
-23,573
92,231
190,802
1,661
R
n
n
R
92,145
39,634
189,141
34,952
61,617
102,5
118,371
-415
144,178
135,582
41,697
(18)
(.8)
(18)
(18)
7
)
-209
(18)
-238
()
118,786
66,058
17
8,070
90,082
(18)
38,549
(18)
60,019
58,425
(18)
R
-11
-99
(18)
R
(18)
(18)
(18)
(.8)
34,339
(18)
93,428
63,992
(18)
(18)
18,789
81,151
R
•a
(18)
(18)
(18)
8,225
65,601
(18)
(18)
36,611
53,537
(18)
(18)
(18)
(18)
-88
(18)
40,129
R
R
174
(18)
(18)
(18)
(18)
(18)
36,956
16,742
45,457
38,956
(18)
(18)
(.8)
(18)
R
R
-16
(18)
(18)
-39
(18)
(18)
23,848
24,938
(18)
(18)
(18)
(18)
35,983
18,937
31,727
24,747
7,039
43,798
8,124
43,950
-501
524
(18)-15,567
(18)-27,149
(18) 6,000
(18)-21,728
( 18 )-13,785
(18) 8,300
(18) 4,777
(18)-17,104
(18)-4,212
-37,402
-24,822
-79,392
-37,290
-20,422
-72,116
-19,372
-20,187
-21,841
-7,310
-3,140
-46,244
-16,224
6,171
-10,053
-9,305
-392
-14,687
5,407
-6,578
-395
-15,324
2,287
-13,037
-8,523
-286
-13,820
5,991
-7,829
-9,193
-55
-13,317
4,846
-8,471
-6,387
-44
-13,937
2,344
-11,593
-7,808
-24
-1,211
1,370
159
-9,845
348
^93
805
312
-8,409
290
-662
367
-295
-9,343
294
-9,429
2,674
-6,755
-326
-138
-9,244
2,067
-7,177
166
-49
-9,520
725
-8,795
-360
-41
-19,750
-16,253
-21,846
-17,077
-14,902
-19,425
-9,338
-7,807
-9,344
-7,219
-7,060
-9,196
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.
- Includes
• • •
8.
sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible
bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities
46,714
32,993
22,753
10,240
209
2,070
663
972
2,265
4,037
24
13,721
13,707
6,386
7,186
135
14
-53,725
-40,170
-31,997
-8,173
-1,298
-1,758
-873
-1,179
-848
-2,020
-197
-13,555
93,199
60,474
38,838
21,636
592
4,922
1,326
1,849
4,261
8,650
36
32,725
32,690
14,247
18,232
211
35
-108,057
-68,945
-52,155
-16,790
-1,585
-3,512
-2,212
-2,474
-1,568
-5,195
-244
-39,112
-14
28,604
18
-42,934
-17,844
-10,757
-7,087
-150
-1,773
-1,102
-725
-335
-2,982
-20
-25,090
46,703
34,421
23,394
11,027
183
2,526
800
944
2,602
3,951
21
12,282
12,267
5,721
6,467
79
15
-53,784
-41,176
-32,823
-8,353
-1,327
-1,826
-877
-1,170
-679
-2,087
-187
-12,608
89,778
62,125
39,122
23,003
638
5,765
1,660
1,818
4,643
8,447
32
27,653
27,616
10,972
16,528
116
37
-106,800
-69,954
-52,942
-17,012
-1,631
-3,640
-2,136
-2,458
-1,691
-5,216
-240
-36,846
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
r\\ i-artar 2000"
9 I W 1 " in
in the
tha October
Ctrtnhar SURVEY.
Cl IDWCV
Quarter
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State
and local governments.
D—54 • International Data
December 2000
SURVEY OF CURRENT BUSINESS
Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Eastern Europe
Line
(Credits +; debits - )
1
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
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 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.§. 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
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
1999
2000
1999
\\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
Passenger fares
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
3,220
2,485
1,511
3,606
2,685
1,646
974
1,039
87
283
88
284
20
77
19
56
132
71
405
12
1,244
69
427
9
735
730
149
551
30
5
-4,472
-4,027
-3,454
-573
-30
-260
-65
-53
-4
-145
-16
-445
-5,029
-4,501
-4,018
-483
-41
-166
-55
-49
-11
-147
-14
-528
1,239
362
539
338
5
-5,130
-4,555
-3,682
-873
-50
-404
-167
-74
-10
-154
-14
-575
-424
-1
-507
-9
-114
-309
-21
-960
-555
-11
-394
-182
68
513
13
921
916
317
554
45
5
54,846
57,649
49,000
51,561
45,587
5,974
26
1,978
487
648
447
2,373
15
6,088
6,067
3,102
2,965
43,792
5,208
29
1,495
346
641
458
2,223
16
5,846
5,827
2,972
2,855
58,459
52,037
46,451
5,586
27
1,838
373
677
469
2,184
18
6,422
6,403
3,246
3,157
21
-63,171
19
-66,646
-60,524
-63,148
-57,105
-58,983
-3,419
-19
-18
-1,009
-4,165
-17
-1,640
-187
-919
-247
-1,104
-169
-201
-1,129
-873
-216
-1,083
-58
-2,312
-51
-2,647
-558
-8
-2,231
-585
-21
-945
-465
-12
-468
-17
-964
-526
-10
-428
-1,279
-367
-81
-152
-3,419
-1,228
-1,700
-316
-217
-333
-2,563
-850
-1,321
-392
-64
-187
-120
-32
-124
-130
-33
7
7
6
28
21
231
-231
-1,082
-5,900
-11,940
-107
-73
-403
-109
-95
22
-455
31
21
338
-57
-76
-158
-903
-108
-679
-661
-268
-5,900
-3,206
-17
-11,940
-2,889
-3,789
83
388
-73
926
250
-1,991
-686
-6,221
3,962
4,821
2,763
4,389
(18)
(18)
(18)
126
113
(18)
(18)
(18)
(18)
(18)
(18)
84
a
(18)
(18)
137
-6
(18)
148
70,088
52,844
69,448
52,260
75,060
55,938
39.575
39,310
13,269
196
5,042
1,320
12,950
212
42,331
13,607
181
4,684
5,217
1,356
796
896
754
5,022
39
17,244
17,213
4,842
12,271
100
31
-69,329
-54,020
-45,838
-8,182
-66
-3,870
-705
-737
-261
-2,421
-122
-15,309
-674
-765
-260
-2,358
779
1,637
806
1,594
5,215
41
19,122
1,997
6
2,370
2,368
2,293
14
19,089
4,901
14,076
112
33
-78,397
-60,783
-52,091
-8,692
-30
-4,149
-778
-756
-266
960
1,407
1
2
993
1,642
2,023
15
2,711
2,709
1,410
1,297
2
2
3,251
3,249
-50,363
-52,465
-41,260
-66,443
1,848
1,389
12
2
-51,284
-40,585
-35,894
-4,691
-361
-39,068
-34,684
-4,384
-308
-637
-694
-213
-1,365
-1,005
-1,091
-19
-10,699
-201
-1,298
-1,403
-868
-979
-36
-942
-947
-33
-4,817
-300
-922
-270
-11,295
-11.205
-10,676
-2,221
-2,531
-11,272
-2,238
-2,940
-5,924
-23
-29
-6.094
-23
-97
-11,189
-2,146
-2,537
-6,506
-16
-35
-27
-2
-28
-3,216
17
-4,054
64
62
6
-9,676
-35,077
-7,161
-39,630
-28,608
1,391
6,747
10
242
182
10
-31
242
37
182
-491
-79
-163
-13,616
-170
-10,528
-2,918
-1,693
-3,913
-476
-221
-131
-24
-11
6
4,001
-325
4,357
-31
3
53
-209
225
-13
-133
213
-27
-31
37
-9,676
-4,317
-3,247
-39,078
-285
2,038
-7,164
-3,822
-10,673
-39,683
-4,359
-10,343
-28,587
-6,221
-18,036
1,112
-671
-1,475
6,565
-2,220
13,938
-2,112
-5,219
-35,612
-27,081
34,412
-25,000
19
-4,178
-152
2,611
647
-5.153
18,612
27,666
(18)
(18)
(18)
(18)
44,312
(18)
19,477
R
R
-14,083
(18)
(18)
21,284
1,162
20
(18)
379
-8,867
-27
-4,452
865
742
27,009
23,758
15,654
8,104
251
2,428
880
865
-16,031
-460
-12,380
-3,191
-1,583
-3,863
-488
-159
-3,216
(17)
()
12,836
92
32
-74,005
-58,220
-49,353
1,346
15,366
8,381
240
2,441
-14,330
-259
-11,033
-3,038
-1,455
-3,858
-427
-181
-3,250
-11
7
17,188
17,156
4,228
26,458
23,747
-15,785
-3,498
(17)
5,071
212
698
5,163
41
25,501
23,131
15,058
8,073
282
2,505
867
-2,582
-131
-17,614
-51
(18)
(18)
(18)
33
-682
\\p
\\P
19
-59,455
-57,143
-53,635
-3,508
-1,095
-158
-848
2000
2000
\\P
3,617
2,373
1,302
1,071
97
335
19
Japan
Latin America and Other Western
Hemisphere
Canada
1999
2000
1999
20,122
(18)
10,261
£3
l7
( )
5,083
(18)
-8
R
R
-278
(18)
(18)
(18)
(18)
(18)
-1,661
(18)
6,051
(18)
8,335
-546
(18)
-1,043
17,949
f
-191
(18)
(18)
23,271
(18)
(18)
(18)
(18)
(18)
2,586
(18)
7,086
15,542
42
(18) 3,922
(18) 2,484
-2,229
790
-1,943
401
-1,542
290
-960
-2,372
556
-1.816
393
-945
-2,212
-2,368
43
(18) 3,692
2,432
-5.917
(18) 8,645
-3,111
(18) 14,497
17,000
(18) 25,590
(18) 4,477
-851
( 18 )-11,405
(1S) 13,790
6,244
-3,656
23,673
-12,154
2,456
34,937
36,688
-4,533
-2,380
198
-2,182
669
-964
-9,843
1,700
-6,143
3,534
-152
-11,518
2,555
-8,963
3,441
-187
-12,532
1,421
-11,111
2,924
-163
-6,263
5,087
-9,760
4,915
-4,845
1,508
-3,863
-20.836
3,382
-19,318
-20,789
3,287
-17,454
-8,329
-15,321
-8,584
-3,913
-10,043
4,083
-5,960
1,403
-3,858
-29
-97
-17,502
-7,954
-35
-2,477
-4,761
-5,709
-8,350
-3,154
-8,415
-7,200
-25,812
-24,002
-25,491
-761
7
70 Statistical discrepancy (sum of above items with sign
reversed)
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on goods and services (lines 2 and 19)
Balance on income (lines 12 and 29)
Unilateral current transfers, net (line 35)
Balance on current account (lines 1,18, and 35 or lines 73,74,
and 75) 1 3
13. Conceptually, line 76 is equal to "net foreign investment" in the national income and product accounts
(NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on
-1,176
1,935
3,997
goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in
appendix A in this issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions
in the two sets of accounts appears in table 4.5 of the full set of NIPA tables published annually in the August
issue of the SURVEY.
December 2000
International Data • D—55
SURVEY OF CURRENT BUSINESS
Table F.3.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
Australia
(Credits +; debits - ) l
Une
International organizations and
unallocated16
Other countries in Asia and Africa
2000
1999
1999
2000
1999
\\p
I'
IV
IV
\r
\\P
2000
IV
\\p
f
Current account
1 Exports of goods and services and income receipts
2
Exports of goods and services
3
Goods balance of payments basis 2
4
Services3
5
Transfers under U.S. military agency sales contracts4
6
Travel
7
Passenger fares
Other transportation
8
9
Royalties and license fees 5 ..
Other private services 5
10
11
U S Government miscellaneous services
Income receipts
12
Income receipts on U.S.-owned assets abroad
13
Direct investment receipts
14
Other private receipts
15
U.S. Government receipts
16
Compensation of employees
17
18 Imports of goods and services and income payments
Imports of goods and services
19
Goods, balance of payments basis 2
20
21
Services3
Direct defense expenditures ..
22
Travel
23
24
Passenger fares
Other transportation
25
26
Royalties and license f e e s 5 . .
27
Other private services5
28
U.S. Government miscellaneous services
Income payments
29
Income payments on foreign-owned assets in the United States
30
Direct investment payments ..
31
Other private payments
32
U.S. Government payments ..
33
Compensation of employees
34
35 Unilateral current transfers, net
U S Government grants 4
36
37
U S. Government pensions and other transfers
Private remittances and other transfers6
38
6,552
5,963
6,652
59,567
59,175
62,800
8,822
8,786
8,970
4,779
4,283
4,746
52,433
50,304
53,975
1,545
1,532
1,540
3 424
2 960
3277
39 030
35998
39 782
1,355
1,323
1,469
14,193
2102
1,540
68
514
142
84
187
472
2
14,306
1987
1,532
65
408
123
76
173
476
2
13,403
2 060
1,545
65
435
128
89
195
440
3
2 551
2519
144
513
888
133
482
917
148
495
897
1,773
1,772
1,680
1,679
1,906
1,905
877
895
749
930
1
3614
380
351
412
2,352
2,258
2,364
1,130
4,822
1.068
6.044
1,126
4,492
108
79
83
941
964
7,134
7,115
4,301
2,562
8,871
8,851
5,007
3,271
8,825
8,805
5,490
3,080
7,277
6,828
3,630
3.021
7,254
6,798
3,547
3,070
7,430
6,967
3,647
3,139
1
1
252
19
573
20
235
20
177
449
181
456
181
463
-2,428
-2,617
-3,024
-100,152
-97,980
-107,253
-2,675
-2,868
-3,118
-2,281
-2,274
-2,599
-91,982
-89,471
-98,377
-510
-594
-663
-1,366
-1,346
-1,679
-81,781
-79,566
-88,007
-915
-928
-920
-10,201
-836
-9,905
-928
-10,370
-933
-510
-594
-663
-3032
-1,335
-2,966
-2,856
-1,298
-2,843
-3125
-1,410
-2,944
-269
-315
-377
-90
-66
-66
-181
-1,759
-183
-1,724
-190
-1,703
-189
-60
-168
-111
-172
-114
-8.170
-8,014
-174
-2,762
-5,078
-156
-8,509
-8,352
-114
-2,949
-5,289
-157
-8,876
-8,769
-172
-3,100
-5,497
-107
-2,165
-2,165
-1,329
-831
-2,274
-2,274
-1,370
-898
-2,455
-2,455
-1,459
-992
-5
-6
-4
-3,086
-301
-747
-2,038
-2,519
-357
-259
-1,903
-2,513
-386
-100
-2,027
-2108
- 3 518
-2824
1,622
-417
2,148
-178
1 800
-180
-237
-180
2328
-248
-248
-248
-248
-264
-264
-22
-19
-15
-269
-192
-352
-170
-334
-184
-53
-26
-56
-17
-52
-17
-343
-305
-309
-10
-9
-9
-147
-145
-343
-341
-425
-423
187
7
-62
-234
-246
-102
-247
-114
-2
-70
-2
-72
-10
-63
-10
-60
-9
-63
-6,085
-3782
-121
-2,182
-4,178
-1497
-122
-2,559
-4,021
-1654
-126
-2,241
2
2
2
32
29
33
-1,583
-2,732
-3119
-445
- 7 828
-9315
-98
-2
-73
•
Capital and financial account
Capital account
39 Capital account transactions, net
,
Financial account
40 U S -owned assets abroad, net (increase/financial outflow (-))
41
42
U S official reserve assets net
Gold 7
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
43
44
45
46
47
48
49
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 o. foreign currency holdings and U.S short-term assets net
50
U.S. private assets net
51
Direct investment
Foreign securities
52
53
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. claims reported by U.S. banks not included elsewhere
54
55 Foreign-owned assets in the United States, net (increase/financial inflow (+))
56
Foreign official assets in the United States, net
U.S. Government securities
57
58
59
60
61
62
63
64
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 ...,
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
65
66
67
68
69
70 Statistical discrepancy (sum of above items with sign reversed)
71
72
73
74
75
76
Memoranda:
Balance on goods (lines 3 and 20)
Balance on services (lines 4 and 21)
Balance on aoods 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
1
-55
-377
.
. ..
473
11
-107
-1125
-338
786
232
383
-34
-7721
-4,415
- 2 510
-i!696
- 9 326
-4,059
-1 284
-3482
-3,360
- 2 853
-<3,251
- 4 708
-3,421
903
-2
391
-1.112
900
-3983
- 1 023
175
-8
231
9,191
-2,625
9,991
1
1
1
1
-1,584
-183
-422
-2,733
-600
-22
874
-3119
-565
-356
-957
-944
-2,063
-2198
-475
3 439
2,900
2,830
824
32,240
5,939
10,154
(18)
(18)
(18)
(18)
18)
(18)
(!8)
18
(18)
(18)
18
18
M8
(18)
H
M
-10
(18)
(18)
H
(18)
-151
-390
-3,838
484
/18\
(18)
-31
168
(18)
H
/18\
(18)
(18)
M
Jieo
aM
(18)
(18)
2,853
213
622
1,427
(18)
(18)
(18)
(18,
595
544
304
5,652
7,355
-202
(18) 2,681
-1,117
( 18 )560
( 18 )338
-1,384
(18) 27,182
2^12
(18) -5,003
-5,370
-3,376
-1,263
14,843
44,843
2,058
1,614
1,598
-42,751
3202
-39 549
-1,036
-6,085
-46,670
-43,568
4 401
-39167
-48,225
3 823
-44 402
362
-51
-4,178
-42,983
-4,021
-48,474
44O
395
549
2498
1,626
2009
1,337
2147
1,481
-73
-70
-72
4,051
3,276
3,556
1
1
(18)
(18)
(18)
-566
J?
-52
-182
14. The "European Union" includes the "European Union (6)," United Kingdom, Denmark, Ireland, Greece, Spain,
and Portugal. Beginning with the first quarter of 1995, the "European Union" also includes Austria, Finland, and
Sweden.
15. 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
1
18
18
18
9,191
1,098
-2,626
1,115
9,990
1,138
(18)
(18)
(18)
(18)
9.752
97
12 213
-121
-6847
7
989
51
29
( 18 )367
( 18 )-4,268
(18) 3,198
4,597
(18) 3,259
47,602
-10,144
2,744
-10,506
1035
1 035
5,112
-3,086
3,061
938
938
877
877
4,980
-2,519
3,399
4,975
-2,513
3,339
includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; before 1996,
small transactions in business services that are not reported by country; and net U.S. currency flows, for which
geographic source data are not available.
17. Details are not shown separately; see totals in lines 56 and 63.
18. Details not shown separately are included in line 69.
NOTE.-The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, Second
Quarter 2000" in the October 2000 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent
estimates from the U.S. international transactions accounts.
D—56 • International Data
December 2000
SURVEY OF CURRENT BUSINESS
Table F.4.—Private Service Transactions
[Millions of dollars]
Seasonally adjusted
Line
1998
1999
I
1
Exports of private services
II
244,099
254,665
61,929
Travel (table F.2, line 6) ...
Passenger fares (table F.2, line 7)
Other transportation (table F 2, line 8)
Freight
Port services
71,286
20,098
25,604
11 048
H557
74,881
19,776
27,033
11 667
15i365
7
8
9
10
11
12
13
Royalties and license fees (table F 2 , line 9)
Affiliated
U.S. parents' leceipts
U.S. affiliates' receipts
Unaffiliated
Industrial processes'
Other 2
36,197
26,809
24,720
2,089
9,388
3,573
5,814
14
15
16
17
18
19
20
21
22
23
24
25
26
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
Losses paid
Telecommunications..
Business, professional, and technical services
Other unaffiliated services3
2
3
4
5
6
27
2000
1999
\r
IV
III
\\P
63,070
63,905
65,759
68,471
69.38S
18,140
4,814
6,515
2 785
3>30
18,564
4,902
6,692
2 813
3i880
18,695
5,105
6,728
2 927
3]801
19,482
4,955
7,097
3142
3[956
20,431
5,062
7,252
3 257
3£95
20,749
5,088
7,397
3 292
4^105
36,467
26,307
24,576
1,731
10,160
3,551
6,609
9,114
6,655
6,127
9,140
6,628
6,114
9,106
6,540
6,097
9,107
6,484
6,238
9,353
6,674
6,132
9,685
6,950
6,353
90,914
28,397
18,232
10,165
62,517
9,037
11,273
2,189
7,265
5,076
5,538
22,175
12,305
528
514
443
246
542
597
2,459
2,512
2,566
2,623
2,679
2,735
891
888
886
886
886
886
1,568
1,624
1,680
1,737
1,793
1,848
96,508
28,943
18,111
10,832
67,565
9,572
13,925
2,295
8,259
5,964
4,460
24,368
12,946
23,346
7,351
4,512
2,839
15,995
2,343
2,901
23,772
6,937
4,336
2,601
16,835
2,377
3,496
24,271
7,127
4,569
2,558
17,144
2,417
3,613
25,118
7,527
4,693
2,834
17,591
2,435
3,915
26,373
8,059
4,534
3,525
18,314
2,484
4,389
26,469
7,793
4,651
3,142
18,676
2,518
4,573
553
563
579
599
625
651
1,991
1,437
1,162
5,871
3,165
2,043
1,480
1,152
6,055
3,192
2,091
1,512
1,099
6,172
3,264
2,135
1,536
1,048
6,269
3,325
2,178
1,553
1,015
6,378
3,424
2,220
1,568
972
6,507
3,454
167,607
174,825
42,041
43,122
44,096
45,567
47,492
48,302
28
29
30
31
32
Travel (table F.2, line 23) .
Passenger fares (table F.2, line 24)
Other transportation (table F 2 , line 25)
Freight
Port services
56,509
19,971
30,363
19,412
10,950
59,351
21,405
34,137
22 214
11 £25
14,560
5,215
7,784
4977
£808
14,718
5,274
8,187
5 273
2^914
14,799
5,348
8,953
5915
3iO38
15,274
5,568
9,214
6049
3/I65
15,837
5,777
9,582
6 251
3^331
16,107
5,964
9,791
6 362
3^429
33
34
35
36
37
38
39
Royalties and license fees (table F 2 , line 26)
Affiliated
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated
Industrial processes'
Other 2
11,713
8,754
1,755
6,999
2,959
1,536
1,423
13,275
10,208
2,134
8,074
3067
1383
1,185
3,081
2,362
3,224
2,470
3,314
2,530
3,656
2,846
3,590
2,761
3,702
2,857
500
508
536
590
621
641
1,862
1,962
1,994
2,256
2,140
2,216
719
436
283
754
461
293
784
483
301
810
502
308
829
515
314
845
527
318
40
41
42
43
44
45
46
47
48
49
50
51
52
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
49,051
19,756
10,406
9,350
29,295
1,591
3,561
9,080
20,290
11,210
7,687
6,869
46,657
22,437
11,427
11,010
24,220
1,840
3,574
4,078
21,242
17,164
6,766
7,430
11,401
5,262
2,761
2,501
6,139
11,719
5,703
2,852
2,851
6,016
11,682
5,677
2,873
2,804
6,005
11,855
5,795
2,941
2,854
6,060
12,706
6,176
3,135
3,041
6,530
12,738
5,880
2,886
2,994
6,858
432
767
1,233
5,348
4,115
1,779
1,807
453
845
988
469
985
884
486
977
972
5,308
4,320
1,759
1,840
5,284
4,400
1,658
1,873
507
532
121
132
53
54
55
Memoranda:
Balance on aoods (table F 2 line 71)
Balance on private services (line 1 minus line 27)
Balance on goods and private services (lines 53 and 54)
-246,854
76 492
-170,362
-345,559
79 840
-265,719
-73,024
19888
-53,136
-83,984
19 948
-64,036
Imports of private services
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 inter-
502
524
5,301
4,329
1,571
1,911
1,188
1,182
5,367
4,185
1,565
1,949
1,290
1,408
5,461
4,053
1,500
1,993
136
143
145
145
-92 318
19,809
-72,509
-96,233
20,192
-76,041
-105 838
20,979
-84,859
-110216
21,086
-89,130
national organizations in the United States. Payments (imports) include mainly expenditures of U.S. residents temporarity working abroad and film rentals.
NOTE.—The data in this table are from table 3 in "U.S. International Transactions, Second Quarter 2000" in the
October 2000 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from the U.S.
international transactions accounts.
International Data •
SURVEY OF CURRENT BUSINESS
December 2000
G. Investment Tables
Table G.1.—International Investment Position of the United States at Yearend, 1998 and 1999
[Millions of dollars]
Changes in position in 1999 (decrease (-))
Attributable to:
Line
Type of investment
Position,
1998'
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) ...
U S official reserve assets
. . .
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
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
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)
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).
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
Other foreign assets:
With direct investment at current cost (lines 35+37+38+41+42+43) ..
With direct investment at market value (lines 36+37+38+41+42+43)
Direct investment in the United States:
At current cost
At market value
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
Corporate and other bonds
Corporate stocks
U.S. currency
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
p Preliminary.
r
Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation
at current exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value
of assets.
3. Reflects changes in the value of the official gold stock due to fluctuations in the market
price of gold.
4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins; also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in international transactions financial flows.
-1,111,813 -323,377
-1,407,670 -323,377
5,079,056
6,045,544
430,187
430,187
146,006
75,291
10,603
24,111
36,001
-8,747
-io
Total
Price
changes
(b)
Exchange
Other
rate
changes changesl
(c)
(d)
(a+b+c+d)
344,215
301,897
-60,235
-57,364
68,702
12,829
455,115
755,413
-71,115
-63,035
809,972
-4,215
5,264 1,127,829
642
642
-1,500
3
Position,
1999^
29,305 -1,082,508
-66,015 -1,473,685
5,889,028
7,173,373
17
17
-9,588
659
-267
-6,161
-3,819
136,418
75,950
10,336
17,950
32,182
202
202
202
-11
18
-2,542
-3,193
-3,161
-32
651
84,226
81,657
81,367
290
2,569
-4,434 822,102
5,045 1,139,959
5,668,384
6,952,729
4
-257
-677
-566
86,768
84,850
84,528
322
1,918
-5,484
-3,253
-2,751
-3,384
-3,363
-21
633
4,846,282
5,812,770
441,685
441,685
454,473
754,771
-69,622
-61,542
1,207,059
2,173,547
2,052,929
576,745
1,476,184
150,901
150,901
128,594
14,193
114,401
5,475
305,773
448,998
-31,341
480,339
-17,646
-9,566
-47,135
-2,849
-44,286
-14,602
-5,123
124,128
441,985
530,457
-19,997
550,454
1,331,187
2,615,532
2,583,386
556,748
2,026,638
565,466
1,020,828
92,328
69,862
-8,037
3,196
-6,010
16,178
78,281
643,747
1,110,064
7,453,214
753,564
753,564
110,900
453,516
-72,917
780,667
-7,565 1,193,844
6,971,536
8,647,058
837,701
620,285
589,023
31,262
18,000
125,883
73,533
42,864
32,527
12,177
20,350
-3,255
12,692
900
-11,231
-23,905
-22,975
-930
31,633
8,622
-10,798
19,420
-3,255
12,692
13,574
869,334
628,907
578,225
50,682
14,745
138,575
87,107
5,353,168
6,615,513
710,700
710,700
122,131
464,747
-10,880
-5,671
-72,917
749,034
-7,565 1,162,211
6,102,202
7,777,724
928,645
2,190,990
729,738
2,012,431
902,155
1,110,276
228,250
275,533
275,533
-20,464
331,523
232,814
98,709
22,407
1,766
344,382
-48,552
168,917
-67,690
236,607
-6,209
-75,521
-10,169
196,569
609,746
-69,016
496,891
161,575
335,316
22,407
1,125,214
2,800,736
660,722
2,509,322
1,063,730
1,445,592
250,657
437,973
1,016,131
34,298
67,403
2,604
35,852
66,331
473,825
1,082,462
7
-11
-10,880
-5,671
12,674
-3,549
-3,549
-1,050
-1,072
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 1999" in the July 2000 issue of the SURVEY OF CURRENT BUSINESS.
D—57
D-58
International Data
SURVEY OF CURRENT BUSINESS
December 2000
Table G.2.—U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1997-99
[Millions of dollars]
Direct investment position on a
historical-cost basis
1997
All countries, all industries
871,316
1998
1999
1,014,012 1,132,622
Income
Capital outflows (inflows (-))
1997
95,769
134,083
1999
1997
138,510
104,794
1998
92,775
1999
105,001
By country
96,626
101,871
111,707
7,642
9,152
14,268
11,024
7,527
11,103
Europe
Of which:
France
Germany
Netherlands
Switzerland
United Kingdom
425,139
528,113
581,791
48,318
93,805
72,090
48,333
52,618
53,584
36,630
40,726
68,619
30,634
154,462
42,067
46,405
93,592
40,144
192,663
39,984
49,617
106,436
51,227
213,070
2,971
2,464
12,450
-792
22,961
3,805
3,284
24,034
9,418
36,552
786
5,875
7,980
11,910
29,824
2,688
3,707
11,588
5,071
13,469
2,066
5,256
11,804
6,614
13,198
Latin America and Other Western Hemisphere
Of which
Bermuda
Brazil
Mexico
Panama
180,818
200,477
223,182
21,539
16,830
19,522
21,723
17,262
18,578
38,071
35,778
24,050
22,016
40,403
38,195
28,396
25,982
45,959
35,003
34,265
33,429
7,138
5,596
354
1,352
4,834
5,122
455
5,355
1,803
3,965
4,965
3,893
1,277
3,080
2,906
3,885
1,812
4,173
1,626
4,721
2,074
11,330
14,241
15,062
3,436
1,302
1,948
1,574
2,106
10,632
11,137
619
144,815
155,364
185,912
13,733
28,404
33,854
31,150
35,633
33,662
47,786
1,209
-339
3,752
3,315
3,832
84,116
92,964
278,447
32,773
76,394
15,898
30,179
31,308
35,537
56,357
Canada
Africa
Middle East
Asia and Pacific
Of whictr.
Australia
Japan
....
International
4,718
718
3,150
1,644
4,243
12,482
6,566
14,465
1,417
1,340
825
949
29,362
20,009
12,322
18,410
4,697
1,394
4,063
10,616
3,674
3,511
1,880
1,917
2,495
4,102
482
631
549
416
647
271
99,925
11,555
8,517
8,892
12,508
7,597
10,213
294,129
35,074
79,868
18,776
31,348
32,398
33,939
62,725
318,121
36,126
82,794
18,803
37,833
38,449
36,013
68,103
28,326
4,080
6,974
408
4,873
2,727
4,667
4,687
22,126
2,342
5,245
2,954
1,888
1,866
-1,190
9,021
35,524
1,416
7,100
808
6,705
6,231
4,857
8,406
38,468
5,030
10,023
1,376
5,022
4,663
5,478
6,876
29,879
4,306
9,428
1,281
32,472
3,604
9,431
1,365
3,450
3,737
4,371
6,514
2,150
8,366
By industry
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
2,147
2,495
6,237
Wholesale trade
64,929
70,014
80,148
121
6,434
11,801
9,047
Depository institutions
37,932
40,582
39,937
1,508
2,140
-920
3,286
743
1,693
297,828
375,965
436,024
39,001
62,161
54,475
31,986
34,921
37,867
68,763
4,306
12,210
10,778
6,109
5,955
8,193
89,705
10,953
20,494
17,962
3,391
3,770
4,003
Finance (except depository institutions), insurance, and real
estate
Services
46,533
Other industries .
61,532
79,663
NOTE.—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.
10,560
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, 1999" in the September 2000
issue of the SURVEY OF CURRENT BUSINESS.
December 2000
D-59
International Data
SURVEY OF CURRENT BUSINESS
Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates and Majority-Owned Nonbank Foreign Affiliates of U.S. Companies
by Country and by Industry of Affiliate, 1998
All nonbank affiliates
Majority-owned nonbank foreign affiliates (MOFA's)
Millions of dollars
Total
assets
All countries, all industries
Sales
4,000,842 2,443,350
Net
income
Millions of dollars
U.S. exports of
goods
shipped
to affiliates
U.S. imports of
goods
shipped
by affili-
Thousands of
employees
Total
assets
Sales
3,434,808
2,027,782
Gross
product
U.S. imports of
goods
shipped
by
MOFA's
Thousands of
employ-
136,957
510,735
210,634
178,150
54,739
65,988
67,601
862.1
1,148,312
84,422
303,505
62,802
35,463
3,145.2
146,118
233,313
226,984
973,745
123,941
188,259
118,114
334,572
4,538
9,820
14,904
16,128
35,915
56,464
20,243
90,735
5,362
8,304
13,605
13,803
3,729
4,519
2,739
9,854
447.9
590.0
167.5
953.5
155,292
217,153
187,610
10,666
67,776
70,577
935.3
284,995
242,668
63,782
36,638
3,532.2
2,093,970
(D)
8,322
3,907
4,542
8,388.0
Net
income
U.S. exports of
goods
shipped
to
MOFA's
By country
313,647
263,849
2,302,253
1,331,199
171,797
279,338
244,324
1,025,588
141,586
253,825
140,385
366,114
4,391
11,759
16,601
15,646
13,839
9,924
501.1
643.1
179.9
1,038,7
570,042
297,670
31,792
37,081
37,759
1,807.4
434,375
230,736
22,728
61,336
35,677
36,271
1,416.4
129,977
99,105
83,715
98,344
5,003
8,861
4,168
24,660
2,882
27,223
395.1
907.1
84,673
55,006
64,555
65,147
3,239
4,114
21,922
13,961
4,015
23,802
2,753
26,061
341.5
Africa
47,990
28,033
2,155
887
202.9
35,867
20,830
1,551
6,752
856
1,542
111.2
Middle East.
40,169
22,443
1,506
938
88.6
16,591
9,340
784
3,764
707,708
492,388
17,224
39,734
1,810.8
558,121
371,509
16,796
79,129
96,615
298,485
65,874
182,288
2,629
4,006
1,290
4,773
291.0
404.2
75,555
232,322
52,315
103,644
2,209
3,133
16,756
23,648
19,032
7,768
1,060
10.9
10,888
4,387
684
1,510
Petroleum
341,685
340,447
10,269
4,762
11,414
241.8
252,603
233,056
89,484
4,655
11,383
176.9
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
982,117
129,038
236,473
51,675
131,304
1,087,302
133,141
200,698
43,506
173,128
56,908
7,492
19,537
1,870
8,266
136,201
3,501
15,429
3,253
21,487
156,492
5,161
10,117
3,597
34,919
4,652.9
646.6
609.3
228.4
602.1
839,666
95,898
209,859
43,460
123,477
954,037
108,529
179,830
35,206
163,797
52,342
6,362
18,517
1,546
251,442
26,570
55,040
10,729
34,758
131,652
3,187
14,707
3,004
21,211
147,637
4,788
9,661
3,274
34,193
3,977.3
434.9
543.6
190.0
563.6
90,176
147,949
195,501
110,418
241,818
184,593
3,231
5,604
10,909
21,574
54,872
16,085
25,787
62,580
14,329
781.8
752.4
1032.4
82,424
118,489
166,060
103,537
204,365
158,773
3,003
5,472
9,355
22,774
41,618
59,952
21,462
52,939
15,141
24,972
57,746
13,002
721.4
642.0
881.7
Wholesale trade
244,358
438,792
16,207
69,521
16,740
601.2
238,236
420,288
15,893
59,109
68,119
16,468
569.7
Canada
Europe
Of which
France
Germany
Netherlands
United Kingdom
Latin America and Other Western
Hemisphere
,
Of whiclr.
Brazil
Mexico
Asia and Pacific
Of whiclr.
Australia
International
D
( )
4,761
13,514
855
49.5
44,615
36,419
1,305.4
4,731
12,185
1,217
2,003
221.6
187.8
10.1
By industry
Finance (except depository
institutions), insurance, and real
estate
1,794,120
154,402
51,409
31
8
239.5
1,732,655
146,236
49,514
22,912
27
8
222.0
Services
194,427
150,262
7,500
2,047
814
1086.6
173,177
135,679
7,120
52,509
2,010
813
962.8
Other industries ....
444,134
272,145
12,998
4,590
2,142
1,566.0
198,472
138,486
5,099
35,279
4,172
1,840
991.1
D Suppressed to avoid disclosure of data of individual companies.
NOTE.-The data in this table are from "U.S. Multinational Companies: Operations in 1998" in the July 2000
issue of the SURVEY OF CURRENT BUSINESS.
D—60 • International Data
December 2000
SURVEY OF CURRENT BUSINESS
Table G.4.—Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of
Affiliate, 1997-99
[Millions of dollars]
Direct investment position on a
historical-cost basis
1997
All countries, all industries
689,834
1998
793,748
1999
986,668
Capital inflows (outflows (-))
1997
103,513
1999
181,764
271,169
Income
1997
1998
1999
40,359
32,782
51,004
By country
Canada
Europe
Of whictr.
France
Germany
Luxembourg
Netherlands
Switzerland
United Kingdom
,
.,
,
Latin America and Other Western Hemisphere ...
Of which:
Bermuda
Mexico
Panama
United Kingdom Islands-Caribbean
65,144
74,143
79,716
10,838
16,012
12,228
2,840
1,563
1,482
433,876
528,601
685,845
71,860
160,722
234,548
30,883
25,722
42,504
49,515
70,901
11,433
87,584
37,874
130,883
58,051
94,404
26,650
98,926
48,403
143,165
77,622
111,138
54,894
130,703
55,280
183,145
10,932
12,186
5,334
12,710
8,611
11,395
10,371
42,110
14,299
9,606
6,392
65,701
19,310
22,701
25,888
32,845
4,930
116,605
2,851
3,361
476
6,957
3,110
10,925
1,475
4,860
1,162
5,618
1,582
6,929
3,035
6,244
2,766
8,638
5,181
12,355
33,008
27,854
44,591
3,819
-2,817
16,787
1,730
907
1,155
3,506
3,244
5,898
11,425
3,740
2,432
6,504
9,009
13,054
3,612
5,896
13,883
1,853
323
328
3,457
-139
1,057
1,121
-2,082
9,737
1,214
-124
4,351
232
199
725
149
172
246
872
-339
222
260
753
244
Africa
1,464
862
1,545
434
-593
415
-352
-90
-78
Middle East
6,585
6,346
7,087
768
509
371
576
371
165
149,757
155,943
167,884
15,795
7,931
6,820
4,682
4,309
5,777
13,977
126,464
12,883
134,590
10,818
148,947
1,821
10,559
904
7,563
-2,507
9,529
36
5,513
-245
5,160
-569
5,892
Asia and Pacific
Of which.
Australia
Japan
By industry
Petroleum ....
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
42,632
51,729
55,940
3,847
58,813
5,558
4,110
1,383
5,113
271,287
26,196
86,558
20,466
51,693
86,373
334,898
22,026
95,662
19,340
62,067
135,803
391,013
16,717
103,465
21,808
76,584
34,218
-1,793
11,804
2,067
11,147
10,992
87,010
-5,031
10,340
853
19,675
61,173
72,610
-2,285
9,416
1,619
24,132
17,842
1,384
5,270
1,486
2,691
7,011
19,795
594
6,815
1,784
1,417
9,184
27,570
1,631
6,604
1,458
2,362
15,514
13,020
10,364
4,148
4,435
7,381
3,181
4,123
446
766
1,830
7,626
4,618
3,860
2,694
2,934
6,970
2,388
1,949
-1,975
-138
12,922
5,537
4,599
3,795
4,383
5,149
2,980
4,680
6,764
11,901
-832
172,440
Wholesale trade
86,248
Retail trade
17,546
21,090
Depository institutions
38,956
43,804
Finance, except depository institutions
44,024
45,895
Insurance
71,327
77,785
Real estate
38,922
43,558
Services
35,410
41,271
Other industries
43,481
43,741
108,936
NOTE.—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.
23,386
60,118
52,133
101,760
44,720
57,558
91,106
39,729
11,853
2,478
18,331
8,793
27,014
1,341
16,876
106,315
584
490
939
985
1,067
2,157
1,835
333
-1,166
The data in this table are from tables 16 and 17 in "Foreign Direct Investment in the United
States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1999" in the
September 2000 issue of the SURVEY OF CURRENT BUSINESS.
December 2000
International Data •
SURVEY OF CURRENT BUSINESS
D—61
Table G.5.—Selected Financial and Operating Data of Nonbank U.S. Affiliates and Majority-Owned Nonbank U.S. Affiliates of Foreign Companies by
Country of Ultimate Beneficial Owner and by Industry of Affiliate, 1998
All nonbank affiliates
Majority-owned nonbank affiliates
Millions of dollars
Millions of dollars
Total
assets
Net
income
Sales
3,525,885 1,881,865
All countries, all industries
Gross
product
33,276 418,138
Thou- U.S. ex- U.S. imsands of ports of ports of
goods
employ- goods
shipped shipped
to
by
affiliates affiliates
5,633.0
Millions of dollars
Millions of dollars
Total
Sales
150,836 289,679 3,043,966 1,623,767
Net
income
product
23,970 352,756
Thou- U.S. exsands of ports of
goods
employshipped
by
affiliates
4,655.0
U.S. imports of
goods
shipped
to
affiliates
137,912 277,599
By country
153,157
40,425
661.9
2,234,177 1,080,158
25,779 267,066
3,563.5
371,546
Canada
Europe
Of whiclr.
France
Germany
Netherlands
Sweden
Switzerland
United Kingdom
8,118
15,484
34,635
541.4
19,460 228,162
2,936.0
232
7,341
549
339
2,491
6,774
872
25,347
57,658
26,314
7,542
22,955
71,064
306.4
638.3
396.8
103.7
285.3
916.3
()
27,875
3,952
3,860
5,280
16,254
12,381
54,783
10,790
6,514
6,654
15,070
15,421
204.7
5,272
8,458
18,242
8,160
2,536
2,711
(D)
721
102
-195
221
5,793
1,300
116.3
24.4
J
1,017
15.7
I
347,913
133,495
80,329 119,590 2,019,390
929,236
2,758
387,383
427,162
320,861
45,528
454,836
493,554
142,434
282,786
145,575
34,423
105,372
269,069
1,505
8,780
1,200
359
4,395
37,349
66,597
29,464
7,679
28,039
76,214
525.7
782.4
406.8
105.3
375.5
15,140
28,987
4,124
3,880
5,640
16,700
12,649
55,246
10,842
6,562
6,815
15,555
334,708
402,534
294,479
45,177
415,446
447,428
106,113
254,117
114,442
33,848
87,216
254,152
Latin America and Other Western Hemisphere
Of which:
Bermuda
Mexico
Panama
United Kingdom Islands—Caribbean
Venezuela
75,307
60,235
972
16,995
222.0
5,537
10,276
57,272
52,367
24,778
7,807
3,362
8,158
12,175
18,474
9,217
2,601
3,223
15,360
679
132
-191
-40
554
5,806
1,582
943
1,009
5,301
118.3
29.2
13.4
19.1
9.1
17
115
Africa
12,923
12,233
263
2,543
20.7
788
875
Middle East
17,959
16,094
439
4,614
73.1
814
2,358
15,149
10,869
552
2,422
670,164
535,198
-392
78,714
1,031.0
54,303 140,248
587,556
483,007
530
67,496
59,088
560,799
27,764
453,381
-720
2,059
6,633
65,482
83.8
835.9
1,404
1,307
45,989 122,315
50,895
491,406
22,698
412,991
-713
2,691
5,421
56,617
143,808
24,791
3,346
7,780
60.7
Manufacturing
Of which:
Food
Chemicals
Primary and fabricated metals
Machinery
Computers and electronic products
Electrical equipment, appliances, and
components
Transportation equipment
878,864
834,396
17,025 224,372
2,539.6
44,315
199,557
66,493
42,770
81,604
49,815
141,875
66,578
49,751
97,391
743
3,226
1,644
855
-1,922
10,796
42,935
17,250
14,622
19,402
159.0
380.0
224.1
209.7
282.9
30,535
143,045
32,865
169,701
1,157
6,957
9,925
36,056
Wholesale trade
283,125
491,520
3,884
51,304
97,275
1,373
156,163
74,060
-788
51,457
77,942
23,676
35,036
1,789,405
Asia and Pacific
Of which:
Australia
japan
United States
857
3,001
200
350
946
7,053
3,240
6,714
(D)
P)
7,846
15,063
72,698 117,772
()
599
16
855D
()
200
349
J
52.7
871.0
67.4
715.2
792
50,051 133,994
679
42,775 117,569
849
743
By industry1
87,581 126,924
793,094
730,082
14,934
201,870
2,285.3
3,023
14,930
5,212
7,936
14,306
2,498
14,429
8,893
7,438
26,771
41,771
186,187
50,641
39,535
73,184
46,103
130,516
48,372
45,604
87,159
677
2,836
1,091
1,053
-1,895
9,716
39,637
13,104
13,667
17,810
141.3
349.0
188.5
196.1
259.4
2,931
13,538
3,915
7,133
13,417
2,439
13,936
6,941
6,675
26,100
167.6
368.2
4,957
24,609
2,967
45,241
29,618
138,545
31,570
160,177
1,100
6,569
9,545
33,862
162.4
344.8
4,748
23,638
2,934
43,140
51,292
526.9
56,127 155,164
268,168
462,280
2,817
47,122
467.9
50,332 152,884
26,032
679.2
1,401
4,089
38,872
68,812
723
17,043
493.5
3,399
23,186
266.9
870
208
99,165
49,587
34
13,746
179.3
1,034
-2,438
9,595
9,616
105.1
106.0
717
1
8
()
28,139
19,853
14,685
-103
-485
6,948
2,795
95.9
29.6
()
1
187,956
10,292
23,954
234.9
4
49 1,556,470
162,016
4,895
19,970
198.2
4
49
123,474
21,121
1,411
9,679
39.1
27
224
101,316
17,582
1,047
7,678
35.4
27
224
24,332
20,541
-202
7,961
104.5
283
232
19,093
17,486
3
6,665
80.7
263
219,218
154,995
281
51,662
1,241.9
4,542
2,790
167,788
115,922
-482
38,663
914.7
4,428
(D)
2,543
Retail trade
Information
Of which:
Publishing industries
Broadcasting and telecommunications
Finance (except depository institutions) and insurance
Real estate and rental and leasing
Professional, scientific, and technical services
Other industries
80,843 118,125
nies; see "U.S. Affiliates of Foreign Companies: Operations in 1998," in the August 2000 issue of the SURVEY OF.
D Suppressed to avoid disclosure of data of individual companies.
CURRENT BUSINESS.
I JhI SY^a l a ^
9
^ classification system
based on the Standard Industri
NOTE.—The data in this table are from BEA's annual survey of the operations of U.S. affiliates of foreign compa-
Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499; F—500 to
999; G—1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999; J—10,000 to 24,999; K-25,000 to 49,999; L—50,000
to 99,999; M—100,000 or more.
D—62 • International Data
SURVEY OF CURRENT BUSINESS
December 2000
H. International Perspectives,
Quarterly data in this table are shown in the middle month of the quarter.
Table H.1.—International Perspectives
1999
1998
2000
1999
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
!
Exchange rates per U.S. dollar (not seasonally adjusted)
Canada (Can.$/US$)
European Monetary Union (US$/Euro)2
France (FFr/US$) *
Germany (DM/US$)2
Italy (L/US0)2
Japan (¥/US0)
Mexico (Peso/US$)
United Kingdom (US$/£)
Addendum:
Exchange value of the U.S. dollar3...
1.4858
1.0653
1.4932
1.0605
1.4771
1.0497
1.4776
1.0706
1.4674
1.0328
1.4722
1.0110
1.4486
1.0131
1.4512
.9834
1.4608
.9643
1.4689
.9449
1.4957
.9059
1.4770
.9505
1.4778
.9386
1.4828
.9045
1.4864
.8695
"'5.8995
1.7597
17.3685
1.3099
9.1520
1.6573
1.1373
9.5530
1.6172
1.1323
9.3980
1.6058
1.0688
9.3410
1.6247
1.0597
9.5750
1.6572
1.0465
9.4160
1.6205
1.0258
9.4270
1.6132
1.0530
9.4940
1.6404
1.0939
9.4270
1.6000
1.0631
9.2890
1.5799
1.0563
9.3940
1.5823
1.0832
9.5060
1.5090
1.0613
.9834
1.5092
1.0821
.9419
1.5076
1.0808
.9272
1.4889
1.0684
.9361
1.4336
116.48
116.87
117.00
116.38
115.88
116.08
116.09
115.95
117.44
117.44
118.10
120.70
119.43
119.86
120.64
122.08
1.4836
Unemployment rates (percent, monthly data seasonally adjusted)
Canada
France
Germany
Italy
japan
Mexico
United Kingdom
Addendum:
United States
8.3
7.6
7.7
7.4
7.1
6.9
6.8
6.8
6.8
6.8
6.8
6.6
6.6
6.8
7.1
6.8
11.8
11.1
11 8
11.2
10.5
11 4
11.3
10.5
11 5
11.1
10.5
11.0
10.5
10.8
10.4
11 0
10.6
10.2
10.5
10.1
10.2
10.0
11 2
10.0
10.1
9.9
9.6
9.8
9.6
9.6
9.6
9.7
9.5
9.6
9.5
9.5
9.4
4.1
4.7
4.7
4.7
4.6
4.6
4.7
4.7
4.9
4.9
4.8
107
4.6
4.7
4.7
105
4.6
4.7
4.7
4.3
4.2
4.2
4.2
4.1
4.1
4.0
4.0
3.9
3.8
3.8
3.8
3.7
3.6
3.6
4.5
4.2
4.2
4.2
4.1
4.1
4.1
4.0
4.1
4.1
3.9
4.1
4.0
4.0
4.1
3.9
Consumer prices (monthly data seasonally adjusted, 1995=100)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
104.2
104.0
104.3
108.2
102.5
187.9
109.3
106.1
104.6
104.9
110.0
102.2
219.1
111.0
106.6
104.5
105.3
110.2
102.1
221.0
111.0
106.9
104.7
105.1
110.4
102.4
223.2
111.5
107.0
104.8
105.0
110.8
102.6
224.6
111.7
106.9
104.8
105.2
111.0
102.0
226.6
111.8
107.0
105.4
105.5
111.1
101.7
228.8
112.2
106.9
105.4
105.8
111.3
101.4
231.9
111.8
107.5
105.5
106.2
111.7
101.3
234.0
112.4
108.2
106.0
106.4
112.0
101.5
235.3
113.0
107.9
106.0
106.4
112.1
101.7
236.6
114.1
108.4
106.2
106.3
112.5
101.8
237.5
114.5
109.1
106.4
106.9
112.8
101.5
238.9
114.8
109.5
106.2
107.4
113.0
101.3
239.8
114.4
109.3
106.4
107.2
113.1
101.3
241.1
114.4
109.8
107.0
107.7
113.3
101.6
242.9
115.2
Addendum:
United States
107.0
109.3
109.7
110.1
110.3
110.5
110.8
111.0
111.6
112.3
112.3
112.5
113.1
113.4
113.3
113.9
Real gross domestic product (percent change from preceding quarter, quarterly data seasonally adjusted at annual rates)
Canada
France
Germany
Italy
Japan
Mexico .
United Kinadom
Addendum:
United States
See footnotes at the end of the table.
4.5
2.9
4.6
5.1
4.0
5.1
2.6
4.7
2.9
1.5
1.4
1.4
35
2.9
3.0
2.2
31
4.3
47
1.1
4.8
2.6
3.7
2.1
4.3
4.0
5.2
2.9
7.9
7.6
7.0
1.8
3.9
2.8
4.4
4.2
5.7
8.3
48
5.6
2.4
3.3
3.2
18
International Data •
SURVEY OF CURRENT BUSINESS
December 2000
D—63
Table H 1.—International Perspectives—Continued
1999
1998
2000
1999
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Short-term, 3-month, interest rates (percent not seasonally adjusted)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
..
5.04
3.56
3.54
4.99
72
4.89
4.89
4.81
5.00
5.03
5.10
5.20
5.25
5.99
5.50
5.91
25
22.38
12
21.34
26
17.65
12
17.43
10
16.44
14.46
14.37
15.58
16.61
14.62
15.71
16.15
5.45
5.32
28
20.30
5.94
18.68
7.33
07
21.48
5.17
34
26.11
5.78
5.96
6.05
6.15
6.15
6.20
6.23
6.13
6.11
6.13
6.12
4.81
4.66
4.76
4.73
4.88
5.07
5.23
5.34
5.57
5.72
5.67
5.92
5.74
5.93
6.11
5.99
Addendum:
United States
Long-term interest rates , government bond yields (percent, not seasonally adjusted)
Canada
France
Germany
Italy
Japan
United Kinodom
5.45
4.82
4.6
4.88
1.54
5.52
5.68
4.94
4.5
4.73
1.75
5.08
5.85
5.17
4.9
5.13
1.88
5.38
5.88
5.35
5.0
5.28
1.76
5.65
6.26
5.67
5.3
5.52
1.69
5.83
6.15
5.66
5.0
5.25
1.82
5.28
6.22
5.81
5.2
5.36
1.77
5.38
6.48
6.11
5.5
5.75
1.69
5.82
6.19
5.96
5.5
5.73
1.8
5.62
5.93
5.73
5.3
5.58
1.8
5.36
5.90
5.84
5.2
5.47
1.7
5.30
6.10
5.92
5.4
5.67
1.7
5.40
5.89
5.94
5.2
5.51
1.7
5.20
5.84
6.00
5.3
5.59
1.7
5.20
5.77
6.04
5.2
5.56
1.8
5.29
5.81
5.93
5.3
5.63
1.9
5.34
5.26
5.65
5.94
5.92
6.11
6.03
6.28
6.66
6.52
6.26
5.99
6.44
6.10
6.05
5.83
5.80
Addendum:
United States
Share price indices (not seasonally adjusted,
Canada
France
Germany
Italy
I.
Japan
Mexico
United Kinqdom
152.4
192.2
197.7
221
85
191.1
150.5
159.2
234.6
204.9
246
100
Addendum:
United States
189
169.7
264.9
218.1
241
117
189.8
289.3
234.8
271
119
227.6
166.7
163.7
243.0
202.7
235
110
245.6
164.3
276.5
175.0
209
206
218
156.9
242.3
203.2
243
108
240.3
168.4
157.2
231.7
200.8
234
106
229.2
168.9
213
213
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 German marks, and 1936.27 Italian lire.
3. The rate shown for the United States is an index of the weighted average of the foreign exchange value
of the U.S. dollar against the currencies of a broad group of major U.S. trading partners, January 1997=100 and
995=100)
205.9
316.7
279.6
320
124
332.0
178.2
213.4
329.7
293.8
337
210.8
318.2
272.9
309
208.7
324.2
265.8
316
229.9
333.4
266.0
321
234.7
332.6
262.9
328
253.7
336.5
261.8
325
234.1
336.5
256.6
327
321.3
185.1
191.3
295.1
253.6
283
120
296.7
183.7
336.7
189.8
299.2
178.7
268.6
175.2
313.1
182.1
293.5
182.3
300.3
180.7
285.4
179.2
219
218
208
214
222
220
223
224
229
233
reflects revised trade weights. For more information on the exchange rate indexes, see "New Summary Measures
of the Foreign Exchange Value of the Dollar." Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-18.
NOTE.—U.S. interest rates, unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau
of Labor Statistics, and BEA, respectively. GDP growth rates for other countries are calculated from levels published
by those countries. All other data (including U.S. consumer prices and U.S. share prices, both of which have been
rebased to 1995 to facilitate comparison) are © OECD and are reproduced with permission.
D—64 • International Data
SURVEY OF CURRENT BUSINESS
December
I. Charts
THE U.S. IN THE INTERNATIONAL ECONOMY
Billion $
40
BALANCE ON CURRENT ACCOUNT
82
Billion $
120
84
!
86
W
90'
COMPONENTS OF CURRENT ACCOUNT BALANCE
92'
94 :
96
CAPITAL FLOWS ON U.S. DIRECT INVESTMENT ABROAD
AND FOREIGN DIRECT INVESTMENT IN THE UNITED STATES
98'
00
121.1 143.8
62'
Billion $
120
SECURITIES TRANSACTIONS
100 -
Net foreign purchases of U.S. securities/
10080 -
80
60 Net U.S. purchases of foreign securities
40 20 —
20-
0 0-
-20
-20 —
w
-40
98
00
Billion $
Billion $
400
EXPORTS AND IMPORTS OF GOODS AND SERVICES
10,000
350-
8,000
W V -to-1 -V- V
NET INTERNATIONAL INVESTMENT POSITION
VALUED AT CURRENT COST
6,000 —
4,000
-
Foreign assets in the United States
U.S. assets abroad
2,000 -
o—
Net investment position
-2,000
t I I I ! I I i II I I ! II I !
82
84
86
88
90
92
94
96
98
2000
Regional Data • D—65
SURVEY OF CURRENT BUSINESS
December 2000
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 estimtes are available on
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-61, 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
Percent change l
Millions of dollars, seasonally adjusted at annual rates
1997
Area name
II
III
1998
IV
I
II
1999
in
IV
I
ii
2000
III
IV
I
II
1999:1V2000:1
2000:12000:11
1.7
1.7
490,732
134,448
32,277
236,822
40,301
30,695
16,190
2.7
1.6
1.8
3.6
3.8
1.6
1.6
.9
.5
1.5
1.0
.8
1.5
1.5
Mideast...
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,302,937 1,320,701 1,345,178 1,363,080 1,386,674 1,401,655 1,414,291 1,440,769 1,448,788 1,470,205 1,484,411 1,503,711 1,527,984
20,371
22,109
22,507
19,799
20,701
21,508
21,886
22,721
23,377
23,794
23,672
22,879
24,245
19,817
19,149
19,269
19,323
19,546
19,973
20,253
20,781
18,969
20,535
21,176
21,333
21,402
147,724
152,084
149,168
157,312
159,573
161,870
166,527
171,422
154,300
164,308
169,323
174,181
176,220
266,584
285,924
289,804
281,672
286,897
295,387
258,243
261,930
272,605
276,258 , 280,493
297,743
303,131
589,800
621,524
555,426
566,680
572,430
585,158
594,101
611,201
623,232
646,079
546,776
610,755
634,643
314,656
319,860
326,513
329,863
334,168
311,426
322,913
336,363
341,195
345,396
349,399
352,139
356,907
1.3
-.5
.7
1.6
.8
1.8
.8
1.6
2.4
.3
1.2
1.8
1.8
1.4
Great Lakes
Illinois ...
Indiana .
Michigan
Ohio
Wisconsin
1,129,996 1,144,791 1,163,154 1,181,878 1,196,594 1,210,518 1,230,522 1,235,034
353,864
359,244
364,332
342,865
349,052
369,660
370,970
337,730
139,941
152,297
142,642
147,598
149,951
152,382
138,479
145,223
251,693
254,595
261,896
262,393
268,778
248,519
259,940
271,028
295,582
277,316
280,665
285,030
288,888
291,808
299,831
300,313
138,260
131,835
133,962
136,048
139,956
127,953
129,628
140,340
1.0
.9
.4
1.9
1.2
.2
1.9
1.9
1.9
2.3
1.5
2.2
-.1
-.8
1.9
2.4
1.9
1.8
1.9
1.7
.8
1.8
1.5
.2
.7
1.3
2.8
1.1
.6
.1
2.2
1.2
1.6
1.6
.5
1.7
1.6
1.4
2.1
1.7
1.6
1.5
1.3
1.9
2.0
1.8
1.2
1.5
United States
New England
Connecticut
Maine ..
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains
Iowa
Kansas .
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida ..
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia .
West Virginia
6,870,797 6,970,442 7,090,024 7,222,862 7,331,807 7,437,309 7,542,770 7,620,356 7,722,844 7,820,923 7,968,485 8,101,562 8,237,804
404,719
115,481
27,643
189,724
32,060
26,189
13,624
458,694
67,512
63,277
128,028
130,011
40,472
13,196
16,198
409,838
116,727
27,783
192,597
32,664
26,316
13,752
465,269
68,070
64,194
130,423
131,704
40,930
13,479
16,470
417,782
119,086
28,282
196,100
33,378
26,834
14,101
472,452
69,435
65,104
132,548
133,794
41,381
13,641
16,549
423,846
120,087
28,603
199,617
34,037
27,125
14,377
479,898
69,247
66,163
136,155
135,136
41,877
14,246
17,073
431,043
121,443
29,172
203,669
34,756
27,434
14,570
487,019
70,233
67,179
138,506
137,171
42,506
14,265
17,159
438,955
123,451
29,653
207,586
35,652
27,858
14,754
493,759
71,402
68,109
140,132
139,291
43,180
14,384
17,261
444,618
125,273
29,986
209,885
36,330
28,253
14,892
504,491
73,440
69,668
142,974
140,915
44,235
15,188
18,071
448,798
125,997
29,922
213,107
36,299
28,449
15,023
501,590
71,743
69,382
143,178
141,628
43,723
14,282
17,653
455,967
127,915
30,624
216,394
36,945
28,795
15,293
466,775
130,305
31,529
222,322
37,710
29,435
15,475
473,238
131,713
31,238
226,310
38,532
29,750
15,695
486,241
133,809
31,798
234,466
39,989
30,231
15,948
1,252,885 1,264,663 1,286,855 1,300,287 1,325,552
377,699
397,364
375,960
386,346
389,783
162,567
154,259
155,901
158,920
159,535
275,989
279,448
282,718
288,086
294,633
306,827
303,911
311,520
315,185
320,033
142,767
144,789
147,350
147,698
150,955
510,591
72,790
70,429
146,146
143,515
44,656
14,765
18,290
513,650
73,393
70,970
147,277
144,538
44,687
14,531
18,254
530,874
76,071
73,993
151,600
147,259
47,192
15,512
19,247
530,288
75,204
72,945
152,729
148,533
46,435
15,351
19,092
540,282
76,993
74,341
155,535
151,295
47,221
15,469
19,428
1,519,559 1,539,593 1,566,737 1,595,658 1,621,786 1,646,448 1,668,295 1,680,215 1,702,597 1,718,561 1,748,282 1,773,785 1,804,349
94,687
95,654
96,767
97,922
98,744
90,640
91,516
92,849
100,082
100,910
103,936
102,073
102,323
53,074
53,534
54,096
55,144
51,181
52,201
55,769
56,422
50,688
56,659
58,158
58,559
59,358
404,437
411,752
385,983
393,458
399,533
408,470
422,398
374,689
380,496
417,831
427,189
432,720
441,593
184,824
188,417
201,949
205,267
218,194
193,708
197,381
208,396
211,262
213,865
228,147
181,981
224,299
86,041
88,769
89,563
96,664
82,370
83,248
84,543
87,406
90,069
91,322
92,669
94,085
95,155
98,141
94,411
97,292
98,828
99,707
99,937
91,600
92,589
95,803
98,443
101,460
102,062
103,633
54,614
55,420
56,257
51,714
52,723
53,961
56,092
57,574
51,281
56,913
58,531
58,590
59,346
184,327
190,544
193,549
187,548
196,638
203,834
178,079
180,325
195,730
198,615
197,595
208,246
212,142
87,557
84,111
88,922
80,388
82,805
85,651
93,512
81,415
89,315
90,876
92,258
94,665
96,593
134,541
132,842
124,291
128,559
130,283
136,391
136,943
139,372
125,808
141,339
143,283
145,600
148,258
184,257
194,315
178,471
181,204
186,798
190,849
197,756
202,302
201,698
205,506
209,438
215,382
212,848
36,907
36,187
35,660
36,485
37,138
37,267
38,524
35,080
35,273
37,656
38,088
39,297
38,720
-1.1
-1.4
.7
.9
-1.6
-1.0
Southwest
Arizona .
New Mexico
Oklahoma
Texas
671,020
102,583
34,734
69,316
464,387
683,942
104,469
35,069
70,128
474,276
696,568
106,800
35,400
71,507
482,861
716,197
109,380
36,298
72,957
497,563
725,951
111,427
36,485
73,747
504,292
738,173
113,699
36,822
74,582
513,071
748,146
116,036
37,244
75,247
519,619
756,172
116,154
37,158
75,798
527,062
769,039
119,868
37,925
76,670
534,575
776,955
121,625
38,252
77,118
539,960
793,047
123,794
38,747
78,723
551,782
810,306
127,883
39,102
78,793
564,528
825,233
128,754
39,826
80,349
576,303
2.2
3.3
.9
.1
2.3
1.8
.7
1.9
2.0
2.1
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
204,783
107,552
25,065
17,559
43,268
11,339
209,182
110,182
25,408
17,845
44,208
11,539
212,079
111,968
25,697
18,144
44,618
11,653
218,624
116,244
26,515
18,400
45,726
11,739
220,863
117,100
26,746
18,656
46,480
11,881
224,181
119,172
27,058
18,711
47,193
12,047
228,535
121,539
27,623
19,252
47,925
12,198
230,919
123,357
27,865
19,078
48,281
12,337
236,318
126,648
28,360
19,477
49,289
12,545
239,603
128,732
28,718
19,223
50,134
12,796
246,100
133,084
29,386
19,973
50,697
12,960
249,818
134,683
30,149
20,010
51,766
13,210
254,710
137,563
30,530
20,370
52,898
13,349
1.5
1.2
2.6
.2
2.1
1.9
2.0
2.1
1.3
1.8
2.2
1.0
1,179,089 1,197,125 1,216,074 1,243,682 1,261,878 1,283,622 1,303,871 1,326,861 1,346,659 1,370,511 1,405,679 1,447,126 1,468,963
17,154
16,658
17,071
17,062
17,381
17,754
16,552
17,449
17,608
18,504
18,822
16,470
18,003
915,372
931,826
947,197
869,194
882,788
902,618
996,567 1,022,897 1,058,501 1,073,562
855,418
965,113
980,950
31,371
31,779
32,102
31,296
31,649
31,730
32,013
31,149
32,480
33,005
33,115
33,281
33,810
52,626
46,785
48,719
50,078
51,340
53,859
54,723
55,632
47,633
56,448
57,706
60,212
58,731
83,817
84,744
85,576
81,234
82,388
86,651
87,421
90,217
79,819
88,863
91,953
94,123
95,711
151,141
164,660
170,141
158,449
161,629
166,683
149,449
154,225
171,126
176,520
182,005
183,986
186,846
2.9
2.8
3.5
.5
1.8
2.4
1.1
1.5
1.7
1.4
1.6
2.5
1.7
1.6
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1. Percent changes are expressed at quarterly rates and are computed from unrounded data.
NOTE.—The personal income level shown for the United States is derived as the sum of the State estimates,
It differs from the estimate of personal income in the national income and product accounts (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 2000" in the November 2000 issue of the
SURVEY OF CURRENT BUSINESS.
D—66 • Regional Data
December 2000
SURVEY OF CURRENT BUSINESS
Table J.2.—Annual Personal 1ncome and Disposable Personal Income for States and Regions
Personal income
Area name
1997
Disposable personal income
Percent change i
Millions of dollars
Percent change l
Millions of dollars
1998
1999
6,928,762
7,383,687
7,783,152
6.6
5.4
5,960,966
6,313,822
6,632,353
5.9
5.0
408,160
116347
27 774
191,613
32 389
26^284
13,752
434,615
122 564
29,353
205,189
35,194
27,667
14,648
461,194
128 983
30,828
219,533
37,372
29,107
15,371
6.5
5.3
5.7
7.1
8.7
5.3
6.5
6.1
5.2
5.0
7.0
6.2
5.2
4.9
342,534
95,651
24,201
159,690
28192
22i843
11,956
361,447
99,372
25359
169,586
30568
23^890
12,672
382,203
104,030
26,520
180,895
32 398
25iiO9
13,251
5.5
3.9
4.8
6.2
84
4.6
6.0
5.7
4.7
46
6.7
60
5.1
4.6
Mideast...
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,315,305
20,143
19,081
148,826
260,727
553,004
313,523
1,391,425
22,003
19,665
158,264
277,757
585,372
328,364
1,461,043
23,192
20,686
167,895
289,503
616,678
343,088
5.8
9.2
3.1
6.3
6.5
5.9
4.7
5.0
5.4
5.2
6.1
4.2
5.3
4.5
1,114,005
16,986
16,066
125,597
220,986
463,929
270,442
1,168,787
18,600
16,321
132,608
233,040
486,687
281,531
1,221,832
19,608
17,078
140,236
241,717
509,868
293,326
4.9
9.5
1.6
5.6
5.5
4.9
4.1
4.5
5.4
4.6
5.8
3.7
4.8
4.2
Great Lakes
Illinois ..
Indiana
Michigan
Ohio ...
Wisconsin
1,138,409
340,490
139,454
250,211
279,342
128,912
1,204,878
361,775
148,767
263,252
294,027
137,056
1,259,859
377,744
155,365
277,296
305,643
143,811
5.8
6.3
6.7
5.2
5.3
6.3
4.6
4.4
4.4
5.3
4.0
4.9
975,316
291,402
119,821
214.495
239,874
109,723
1,026,548
307,669
127,277
223,930
251,603
116,069
1,069,723
319,997
132,401
235,117
260,595
121,615
5.3
5.6
6.2
4.4
4.9
5.8
4.2
4.0
4.0
5.0
3.6
4.8
462,250
67,930
63,721
129,136
131,131
40,722
13,330
16,280
491,292
71,080
67,780
139,442
138,128
42,949
14,521
17,391
514,176
73,499
71,194
147,050
144,235
45,065
14,773
18,361
6.3
4.6
6.4
8.0
5.3
5.5
8.9
6.8
4.7
3.4
5.0
5.5
4.4
4.9
1.7
5.6
399,702
59,286
55,106
109,299
113,988
35,530
11,852
14,642
423,294
61,982
58,538
117,439
119,486
37,255
12,954
15,640
443,002
63,977
61,430
124.702
124,377
38.936
13,112
16,468
5.9
4.5
6.2
7.4
4.8
4.9
9.3
6.8
4.7
32
4.9
6.2
4.1
4.5
1.2
5.3
1,532,182
91,283
51,059
377,681
183,762
82,905
92,290
51,589
179,688
81,049
125,449
180,226
35,200
1,633,047
96,257
53,962
401,474
199,576
87,945
97,516
55,063
192,070
86,560
133,514
192,429
36,679
1,712,414
100,452
56,752
419,792
212,929
92,036
99,887
57,278
198,943
91,490
140,234
204,736
37,884
6.6
5.4
5.7
6.3
8.6
6.1
5.7
6.7
6.9
6.8
6.4
6.8
4.2
4.9
4.4
5.2
4.6
6.7
4.7
2.4
4.0
3.6
5.7
5.0
6.4
3.3
1,336,078
80.341
45,067
329,690
158,356
71,894
81.435
46,237
155,308
70,884
111,625
154,063
31,181
1,418,043
84,653
47,480
348,142
171,212
76,046
86,198
49,250
165,273
75,530
118,615
163,213
32,432
1,481,552
88,142
49,834
362,376
182,071
79,348
88,190
51,128
170,056
79,872
124,332
172,777
33.425
6.1
5.4
5.4
5.6
8.1
5.8
5.8
6.5
6.4
6.6
6.3
5.9
4.0
4.5
4.1
Southwest
Arizona
New Mexico
Oklahoma
Texas .
677,722
103,704
34,861
69,952
469,205
732,117
112,635
36,712
74,133
508,636
773,803
120,360
38,020
77,077
538,345
8.0
8.6
5.3
6.0
8.4
5.7
6.9
3.6
4.0
5.8
596,805
90,219
30,760
61,222
414,604
641,449
97,361
32,353
64,770
446,966
676,394
103.789
33,456
67,239
471,910
7.5
7.9
5.2
5.8
7.8
5.4
6.6
3.4
3.8
5.6
Rocky Mountain
Colorado
Idaho ..
Montana
Utah ...
Wyoming
206,831
108,763
25,217
17,721
43,696
11,434
223,051
118,514
26,986
18,755
46,831
11,966
238,235
127,955
28,582
19,438
49,600
12,660
7.8
9.0
7.0
5.8
7.2
4.6
6.8
8.0
5.9
3.6
5.9
5.8
178,178
92,925
22,035
15,616
37,715
9,887
191,470
100,597
23,557
16,491
40,527
10,298
204,058
108,194
24,887
17,041
43,071
10,865
7.5
8.3
6.9
5.6
7.5
4.2
6.6
7.6
5.6
3.3
6.3
5.5
1,187,903
16,465
862,114
31,209
47,254
80.578
150,283
1,273,263
17,167
924,253
31.815
51,976
85,197
162,855
1,362,427
17,704
991,382
32,653
56.127
89.614
174,948
7.2
4.3
7.2
1.9
7.0
3.1
7.3
2.6
8.0
5.2
7.4
1,018,348
14,473
735,730
27,361
41,122
68,542
131,119
1,082,785
15,036
782,340
27,819
44,861
72,551
140.177
1,153,588
15,501
835,087
28,541
48,280
76,280
149,899
6.3
3.9
6.3
1.7
9.1
5.8
6.9
6.5
3.1
6.7
2.6
7.6
5.1
6.9
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains .....
Iowa ....
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
;
1. Percent change was calculated from unrounded data.
NOTE.—The personal income level shown for the United States is derived as the sum of the
State estimates. It differs from the 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
1997-98
10.0
5.7
8.4
1998-99
1997
1998
1999
1997-98
1998-99
5.0
4.1
6.3
4.3
2.3
3.8
2.9
5.7
4.8
5.9
3.1
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, Revised Estimates for 1997-99" in the
October 2000 SURVEY OF CURRENT BUSINESS.
Regional Data •
SURVEY OF CURRENT BUSINESS
December 2000
Table J.3.—Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions
Per capita personal income'
Dollars
Area name
1997
Per capita disposable personal income'
Rank in U.S.
1998
1999
1999
Rank in U.S.
Dollars
1997
1998
1999
1999
25,874
27,322
28,542
22,260
23,363
24,322
30,510
35,596
22,305
31,332
27,607
26,631
23,362
32,365
37,452
23,529
33,394
29,679
28,012
24,803
34,173
26,916
39,300
24,603
35,551
31,114
29,377
25,889
25,604
29,264
19,435
26,112
24,030
23,144
20,310
30,365
20,327
27,600
25,778
24,188
21,456
28,320
31,697
21,165
29,294
26,973
25,342
22,318
1
37
3
6
13
32
Mideast.
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
29,511
27,405
36,087
29,222
32,372
30,480
26,092
31,161
29,571
37,714
30,850
34,310
32,236
27,358
32,628
30,778
39,858
32,465
35,551
33,890
28,605
24,995
23,109
30,384
24,661
27,437
25,570
22,507
26,175
24,997
31,300
25,849
28,786
26,801
23,456
27,286
26,021
32,905
27,116
29,683
28,020
24,456
5
2
4
17
Great Lakes
Illinois
Indiana
Michigan
Ohio ..
Wisconsin
25,825
28,347
23,748
25,570
24,913
24,790
27,224
29,974
25,182
26,807
26,164
26,245
28,348
31,145
26,143
28,113
27,152
27,390
22,125
24,260
20,404
21,920
21,393
21,100
23,195
25,491
21,544
22,803
22,389
22,226
24,070
26,384
22,279
23,836
23,150
23,163
34
20
25
24
Plains ...
Iowa ..
Kansas
Minnesota
Missoun
Nebraska
North Dakota .,
South Dakota .
24,861
23,798
24,355
27,548
24,252
24,590
20,798
22,275
26,282
24,844
25,687
29,503
25,403
25,861
22,767
23,797
27,350
25,615
26,824
30,793
26,376
27,049
23,313
25,045
21,497
20,770
21,062
23,316
21,081
21,455
18,491
20,034
22,644
21,664
22,185
24,847
21,974
22,432
20,311
21,402
23,564
22,296
23,146
26,113
22,745
23,370
20,692
22,463
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
23,518
21,129
20,229
25,722
24,547
21,215
21,209
18,885
24,188
21,385
23,324
26,768
19,388
24,780
22,123
21,260
26,930
26,134
22,353
22,352
20,013
25,454
22,544
24,576
28,343
20,246
25,703
22,987
22,244
27,780
27,340
23,237
22,847
20,688
26,003
23,545
25,574
29,789
20,508
18,596
17,855
22,453
21,153
18,397
18,715
16,925
20,907
18,702
20,754
22,882
17,174
21,518
19,456
18,706
23,352
22,420
19,329
19,758
17,900
21,903
19,671
21,834
24,040
17,902
22,238
20,170
19.532
23,981
23,378
20,033
20,171
18,467
22,227
20,555
22,674
25,139
18,498
42
46
19
22
43
41
50
35
39
29
15
49
23,414
22,781
20,233
21,106
24,242
24,857
24,133
21,178
22,199
25,803
25,862
25,189
21,853
22,953
26,858
20,619
19,819
17,853
18,472
21,421
21,779
20,860
18,663
19,395
22,674
22,606
21,721
19,229
20,023
23,544
36
48
44
21
24,259
27,950
20,830
20,167
21,156
23,820
25,756
29,860
21,923
21,324
22,294
24,927
27,072
31,546
22,835
22,019
23,288
26,396
20,898
23,880
18,201
17,771
18,261
20,597
22,110
25,346
19,138
18,749
19,294
21,452
23,188
26,674
19,883
19,303
20,222
22,654
45
47
40
30
26,671
27,042
26,759
26,241
28,201
24,845
26,817
28,168
27,904
28,280
26,725
29,806
25,958
28,632
29,727
22,864
23,772
22,836
23,006
24,542
21,134
23,397
23,954
24,441
23,937
23,368
25,726
22,105
24,645
25,170
25,022
25,195
24,075
United States .
North Carolina"!!!!!!!
South Carolina
Tennessee
Virginia
West Virginia
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 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
28,577
29,910
27,544
31,022
27,023
30,392
23,003
26,041
33
26
10
28
23
16
14
18
7
27
11
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: Tables 1 and 2 in "State Personal Income, Revised Estimates for 1997-99" in the
October 2000 SURVEY OF CURRENT BUSINESS.
D—67
D-68
• Regional Data
December 2000
SURVEY OF CURRENT BUSINESS
Table J.4.—Gross State Product for States and Regions by Industry, 1998
[Millions of dollars]
State and region
United States
Rank of
AgriTotal
culture,
total gross
gross state
forestry,
state
product
and fishing
product
Mining
Construction
Manufacturing
Transportation and Wholesale
public
trade
utilities
Retail
Finance,
insurance,
and real
estate
Services
Government
8,745,219
125,205
105,914
373,228
1,432,753
759,132
613,800
781,888
1,674,162
1,841,278
1,037,857
New England
Connecticut
Maine
Massachusetts
New Hampshire ....
Rhode Island
Vermont
501,809
142,099
32,318
239,379
41,313
30,443
16,257
3,520
923
525
1,271
267
199
335
378
60
16
167
40
23
72
18,551
4,957
1,531
8,542
1,632
1,139
750
79,122
23,513
5,243
33,210
9,830
4,492
2,836
32,897
9,138
2,443
14,953
2,636
2,382
1,345
34,678
9,776
1,954
17,730
2,671
1,611
935
41,346
10,595
3,862
3,862
2,579
1,580
122,319
39,841
5,928
56,916
9,129
7,615
2,890
120,938
31,206
6,349
65,235
7,917
6,698
3,534
48,059
12,089
4,468
22,486
3,331
3,706
1,980
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,642,760
33,735
54,100
164,798
319,201
706,886
364,039
8,987
272
14
1,283
1,567
3,045
2,602
5
9
133
197
481
1,777
57,711
931
527
8,766
11,494
21,384
14,609
210,398
5,472
1,285
13,467
42,268
75,907
71,999
138,501
1,657
2,572
13,156
31,119
57,152
32,844
108,452
1,258
621
10,373
30,135
43,593
22,473
120,930
2,222
1,372
14,597
23,165
47,686
31,888
421,122
13,886
8,791
34,737
73,735
222,686
67,288
380,237
4,997
18,706
39,356
73,880
162,042
81,255
193,820
3,034
20,205
28,930
31,641
73,147
36,861
1,393,449
425,679
174,433
294,505
341,070
157,761
16,585
4,835
2,498
2,470
3,505
3,276
4,423
1,024
792
1,136
1,163
307
60,364
18,089
8,708
12,752
13,792
7,023
332,880
72,431
54,258
78,153
86,163
41,875
111,829
40,563
13,623
19,873
26,465
11,306
101,133
33,441
10,784
22,072
24,603
10,234
124,290
33,937
15,576
28,318
32,403
14,056
230,366
86,215
22,731
42,903
53,480
25,038
268,497
93,610
28,313
56,618
62,619
27,337
143,082
41,535
17,150
30,211
36,877
17,309
575,958
84,628
76,991
161,392
162,772
51,737
17,214
21,224
19,431
4,597
2,714
3,294
2,315
3,171
1,510
1,831
2,973
207
832
688
448
127
470
200
26,522
3,657
3,295
7,565
7,826
2,460
865
856
105,785
20,157
13,503
29,082
31,838
6,883
1,464
2,858
54,519
6,932
8,632
12,477
17,286
5,811
1,717
1,664
45,519
6,238
6,311
13,571
12,268
4,138
1,552
1,441
53,202
7,157
7,779
14,842
15,388
4,379
1,649
2,008
91,095
12,465
10,100
29,723
24,512
7,738
2,311
4,247
109,606
13,536
13,563
33,357
32,813
9,726
3,121
3,490
67,305
9,681
10,263
16,794
18,078
7,306
2,556
2,628
1,909,142
109,833
61,628
418,851
253,769
107,152
129,251
62,216
235,752
100,350
159,575
230,825
39,938
29,272
2,037
2,358
6,751
3,459
2,397
1,227
1,640
4,587
1,105
1,576
1,874
262
30,439
1,288
643
1,050
1,232
2,558
18,033
490
305
265
404
1,109
3,062
86,328
4,799
2,484
20,443
10,295
4,456
6,510
2,750
10,752
5,141
6,715
10,185
1,799
325,609
22,408
14,401
30,444
43,335
28,936
19,453
13,634
58,452
23,672
32,425
31,774
6,673
175,733
9,834
6,736
37,271
29,384
8,910
12,184
6,181
18,053
7,734
13,140
21,518
4,787
133,239
7,277
3,981
31,726
23,519
6,689
7,630
3,715
15,396
6,156
12,276
12,723
2,152
188,365
11,246
6,774
47,078
22,718
10,041
11,013
6,572
21,377
10,772
17,860
19,115
3,799
308,735
15,168
7,052
90,271
40,287
11,929
16,319
7,043
38,108
14,019
23,311
40,633
4,596
374,423
18,627
9,679
102,009
48,429
16,832
21,699
10,601
38,490
16,513
33,519
51,125
6,900
256,999
17,149
7,520
51,807
31,113
14,404
15,185
9,590
30,231
14,973
18,348
40,771
5,908
Southwest
Arizona
New Mexico
Oklahoma
Texas
908,787
133,801
47,736
81,655
645,596
12,376
2,009
964
1,644
7,758
45,164
970
3,323
3,192
37,679
43,882
8,146
2,156
2,784
30,796
134,800
19,935
7,627
14,137
93,101
96,048
10,289
3,682
8,352
73,725
68,524
8,972
2,095
5,077
52,380
85,829
13,935
4,483
8,401
59,011
134,794
25,085
6,404
10,036
93,269
177,795
28,238
8,730
14,967
125,859
109,574
16,221
8,271
13,064
72,017
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
269,742
141,791
30,936
19,861
59,624
17,530
5,564
2,065
1,702
867
585
346
9,904
2,744
219
792
1,352
4,797
15,234
8,200
1,813
1,024
3,436
760
32,802
15,303
6,015
1,579
8,863
1,043
30,086
17,288
2,702
2,386
5,257
2,453
16,746
9,037
2,007
1,321
3,734
647
26,000
13,420
3,182
2,020
6,103
1,276
43,007
24,284
3,917
2,708
10,062
2,036
54,522
31,836
5,123
3,965
11,747
1,851
35,877
17,614
4,256
3,200
8,485
2,322
1,543,572
24,236
1,118,945
39,712
63,044
104,771
192,864
29,468
443
20,900
438
444
2,783
4,460
10,032
3,647
4,337
27
1,529
117
374
64,637
1,070
41,390
1,650
5,648
5,428
9,451
211,356
1,109
154,608
1,063
2,867
26,326
25,382
119,518
4,354
81,756
4,157
5,202
7,387
16,663
105,508
757
77,932
1,535
3,021
8,183
14,080
141,924
1,740
102,726
4,233
6,374
8,760
18,090
322,725
2,795
249,999
9,154
11,295
15,461
34,021
355,261
3,245
260,620
8,783
20,071
18,295
44,247
183,141
5,075
124,677
8,673
6,592
12,029
26,094
,
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
,
,
,
,
,
,
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 office equipment. Also, GSP and GDP have different revision schedules,
Source: Tables 7 and 8 in "Gross State Product by Industry, 1977-98" in the October 2000 SURVEY OF CURRENT
BUSINESS.
December 2000
Regional Data •
SURVEY OF CURRENT BUSINESS
D-69
K. Local Area Table
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1996-98
Per capita personal incomex
Personal income
Area name
Percent
change
Millions of dollars
1996 1997
United States 2
Metropolitan portion
Nonmetropolitan portion
1998
1997-98
Dollars
1996
1997 1998
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
30,795
26,624
27,434
28,785
31,236
28,330
28,352
32,389
27,975
254,130
48,223
75,742
123,313
66,080
145,721
112,191
51,501
80,003
134,468
72,406
154,172
122,128
285,768
54,505
83,577
146,431
79,121
162,363
132,134
29,201
25,132
25,954
27,089
29,116
26,863
26,551
377,560
85,943
44,336
396,704
89,340
47,230
422,989
94,488
49,779
24,566 25,491 26,778
24,209 24,755 25,826
26,936 28,718 30,258
656.669
691,794
30,541
33,485
29,775
30,026
731,539
5.7
33,119 34,749 36,582
167,458 176,777 186,297
53,575 57,945 61,184
40.520 43,160 46,278
5.4
5.6
7.2
28,014 29,576 31,119
25,848 27,391 28.453
24,487 25,701 27,102
219.438 237,395 254,915
93.370 102,812 112,135
7.4
9.1
33,161 35,333 37,414
28,241 30,528 32,762
218,231 230,658 244,282
5.9
30,564 32,019 33,602
3.7
4.8
3.0
5.2
4.5
5.2
5.1
4.9
5.0
5.0
21,251
24,341
20,472
24,794
22,925
20,274
24,199
20,139
21,204
30,295
22,270
25,740
21,059
26,005
23,900
20,988
26.335
21,113
22,480
31,622
23,012
26,934
21,619
27,433
24,842
22,062
27,599
22,216
23,495
32,659
28,517
18,658
24,066
22,914
21,226
27,803
28,433
17,823
20,878
24,176
30,067
19,522
25,411
24,370
21,917
29,194
29,288
18,529
21,722
26,136
31,616
20,315
26,659
25,347
23,160
30,788
30.735
18,831
22,665
29,087
2,576
16,675
2,395
21,743
15,296
2,559
15,193
2,643
4,340
7,561
2,708
17,681
2,473
16,089
2,652
16,183
2,765
4,633
7,949
2,808
18,530
2,546
23,884
16,806
2.790
17,002
2,900
4,865
8,348
Ann Arbor, Ml*
Anniston, AL
Appleton-Oshkosh-Neenah, Wl
Asheville, NC
Athens, GA
Atlanta GA
Atlantic-Cape May, NJ*
Auburn-Opelika, AL
Augusta-Aiken, GA-SC
Austin-San Marcos, TX
15,119
2,175
8,166
4,791
2,897
98,182
9,462
1,700
9,434
25,054
16,207
2,287
8,691
5,141
3,026
106,039
9,787
1,824
9,882
27,912
17,316
2,379
9,194
5,405
3,211
115,272
10,326
1,892
10,379
32,130
6.8
4.0
5.8
5.1
6.1
8.7
5.5
3.7
5.0
15.1
11,399
66,109
2,836
11,893
69,915
2,984
12,407
73,308
3,140
4.3
4.9
5.2
18,444 19,042 19,643
26,785 28,252 29,548
19,466 20.573 21,743
210
96
265
86
146
252
82
241
194
23
29
294
104
137
205
35
36
309
227
54
304
45
262
5,908
12,676
7,543
3.175
3,521
46,267
2,784
6,358
13,173
8,114
3,371
3,776
49,416
2,918
6,799
14,013
8,571
3,575
3,874
53.165
3.083
6.9
6.4
5.6
6.1
2.6
7.6
5.7
29,175
22,415
20,174
20,836
21,855
34,853
22,173
30,987
23,107
21,661
21,766
23,543
37,057
23,168
32,612
24,403
22,848
22,732
24,235
39,750
24,425
24
165
216
223
169
6
164
6,617
5,430
21,981
1,954
2,355
3,480
9,107
6,997
5,691
23,064
2,041
2,486
3,695
9.710
7,602
5,919
24.168
2,186
2,639
3,908
10,479
8.6
4.0
4.8
7.1
6.2
5.8
7.9
19,378
21.427
24,547
21,697
20,468
24,822
24,442
20,303
22.723
25.583
22.489
21,442
26,077
25,316
21,828 " 256
23,775
182
26,582
106
23,885
179
22.636
228
27,260
90
26,461
108
174,216
7,929
4,498
187,231
8.746
4,944
200,107
9,619
5,228
6.9
10.0
5.7
30,096 32,133 34,127
30,885 33,454 36,071
20,585 22,139 22,844
4,895
5,210
5,347
2.6
21,309 22,368 22,957
3,942
2,289
27,359
4,594
8,913
1,576
4,641
3,686
10,274
4,197
2,501
28,418
4,855
9,374
1,714
4,983
3,889
10,926
4,461
2,674
29,541
5,162
9,888
1,784
5,421
4,034
11,674
6.3
6.9
4.0
6.3
5.5
4.1
8.8
3.7
6.8
Bakersfield, CA
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
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*
Brownsville-Hariingen-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
Charlotte-Gastonia-Rock Hill, NCSC
Charlottesville, VA
Chattanooga, TN-GA
Cheyenne, WY
Chicago, IL*
,
Chico-Paradise, CA
Cincinnati, OH-KY-IN*
Clarksville-Hopkinsville, TN-KY
Cleveland-Lorain-Elyria, OH*
5,991
6,247
6,505
34,209
3,771
10,233
1.826
234,617
3,678
40,904
3,743
59,067
36,881
3,985
10,650
1,929
249,126
3,893
43,599
3,950
62,322
39,795
4,259
11,071
2,013
263,763
4,050
46,109
4,083
65,047
10,953
11,853
12,873
Colorado Springs, CO
See footnotes at the end of the table.
1998
1997-98
3,119
12,412
5,791
39,391
7,840
2,050
1,907
94,986
2,072
3,302
13,256
6,091
41,914
8,242
2,125
1,961
103,788
2,137
8,302
23,362
9,167
2,952
2,704
55,187
11,428
120,526
2,666
2,555
8,865
24,636
9,762
3,110
2,799
60,480
12,107
127,707
2,795
2,602
9,304
25,406
10,229
3,248
2,918
66,024
12,897
134,613
2,931
2,757
Dubuque, IA
Duluth-Superior, MN-WI
Dutchess County, NY*
Eau Claire, Wl
El Paso TX
Elkhart-Goshen, IN
Elmira, NY
Enid, OK
Erie, PA
Eugene-Springfield, OR
1,971
5,274
6,818
2,948
10,165
3,910
1,927
1,172
6,053
6,727
2,054
5,520
7,256
3,156
10,796
'4,109
1,996
1,251
6,341
7,178
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*
6,804
3,754
6,299
5,563
2,138
10,077
2,766
2,490
5,326
39,013
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
Goldsboro, NC
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Muskegon-Holland,
Ml
Great Falls, MT
Greeley, CO*
Green Bay, Wl
Greensboro-Winston-Salem-High
Point, NC
Dayton-Springf^
Daytona Beach, FL
Decatur, AL
Decatur, IL
Denver, CO*
Des Moines, IA
Detroit, Ml*'
Dothan, AL
Dover, DE
Abilene, TX
Akron, OH*
Albany, GA
Albany-Schenectady-Troy, NY
Albuquerque, NM
Alexandria, LA
Allentown-Bethlehem-Easton, PA ...
Altoona, PA
Amarillo TX
Anchorage, AK
;
,
1997
2,928
11,695
5,433
36,547
7,445
1,895
1,814
87,113
1,978
16
13
217
211
Greenville, NC
Greenville-Spartanburg-Anderson,
25,606
25,995
22,435
28,454
21,326
27,307
19,776
32,406
19,738
130
120
235
66
271
88
300
26
302
5.0
3.1
4.8
4.4
4.3
92
6.5
5.4
4.9
6.0
23,248
24,214
20,249
21,012
23,465
29,643
26,710
27,029
19,870
21,003
24,810
25,622
21,186
21,954
24,522
31,813
28,037
28,585
20,820
21,212
26,003
26,422
21,869
22,767
25,674
34,092
29,527
30,118
21,790
22,178
119
110
255
221
127
17
46
40
260
242
2,153
5,838
7,913
3,369
11,363
4,409
2,077
1,294
6,570
7,568
4.8
5.8
9.1
6.7
5.3
7.3
4.1
3.4
3.6
5.4
22,296
22,206
25,949
20,649
15,081
23,164
20,648
20,603
21,617
21,960
23,293
23,215
27,525
22,003
15,751
24,056
21,565
22,019
22,685
23,072
7,159
3,933
6,621
5,952
2,269
10,258
2,875
2,632
5,818
40,657
7,569
4,223
6,851
6,384
2,412
10,433
2,887
2,757
6,380
43,041
5.7
7.4
3.5
7.3
6.3
1.7
.4
4.7
9.7
5.9
23,552
22,761
22,205
20,870
18,112
23,148
20,252
20,218
24,060
27,042
24,677
23,601
23,183
21,731
18,942
23,564
20,988
21,161
25,799
27,530
9,533
7,539
3,683
3,650
11,466
36,200
16,165
1,922
4,312
5,370
10,245
8,039
3,910
3,935
12,197
39,481
16,714
2,035
4,567
5,706
10,860
8,485
4,118
4,155
12,830
42,643
17,345
2,113
4,887
5,954
6.0
5.5
5.3
5.6
5.2
8.0
3.8
3.8
7.0
4.3
25,114
26,332
19,311
22,040
24,188
23,826
18,946
18,701
21,948
22,399
26,557
27,604
20,326
23,471
25,549
25.404
19,365
19,616
23,114
23,548
162
153
43
197
315
133
233
225
192
173
117
142
175
213
297
177
282
248
81
62
79
57
273
155
104
98
298
293
154
167
14,220
2,474
2,037
2,164
2.173
15,059
2,569
2,139
2,125
2,373
15,963
2,685
2,205
2,243
2,539
6.0
4.5
3.1
5.6
7.0
22,797
20,267
18,240
20,908
20,081
24,072
21,121
19,106
20,955
21,430
24,499
24,676
29,812
23,431
16,359
25,527
22,524
22,720
23,622
24,151
26,079
25,073
24,104
22,895
20,050
23,947
21,054
22,114
27,607
28,546
27,640
28,732
21,257
24,655
26,659
26,790
19,947
20,328
24,656
24,303
25,451
22,109
19.710
22,921
22,491
24,493
1,730
2,964
5,336
26,338
1,787
3,180
5,761
27,727
1,863
3,478
6,043
5.3
4.3
9.4
4.9
24,122
21,421
19,619
25,119
25,618
22,629
20,447
26,910
26,694
23,721
21,803
28,114
101
190
258
70
28,536
30,119
31,857
5.8
25,056 26,119 27,283
2,600
2,780
2,884
3.7
21,314 22,342 22,772
89
220
5.7
5.3
6.3
5.4
5.2
4.5
5.9
1.7
7.3
21,727
20,593
22,587
25,240
30,098
17,676
21,668
27,436
17,746
8.5
2.8
6.6
6.9
6.4
3.1
5.6
5.7
6.8
3.4
27,161
18,231
22,967
26,123
24,896
20,884
22,279
21,364
24,587
20,004
19,902
19,022
19,137
19,757
23,072
21,116
25,946
20,606
2,818
7,901
16,261
33,333
1,907
6,803
23,914
3,359
35,472
2,041
7,211
24,570
3,765
21,787
2,968
8,395
17,132
37,318
2,133
7,637
24,994
4,041
102,323
5,757
7,587
38,930
2,525
3,225
9,388
2,100
24,808
2,860
111,479
6,048
8,074
41,234
2,679
3,420
9,992
2,255
26,622
3,066
120.951
6,217
8,610
44,079
2,850
3,525
10,547
2,384
28,435
3,170
2,618
3,341
13,623
2,699
3,526
14,329
9,090
4,547
1,439
2,877
10,223
2,146
44,001
9,487
4,729
1,543
3,098
10,703
2,238
46,864
,
""!!!!! > !!!!!!!!'!!!!'Z!'!
317
296
128
99
159
67
44
186
267
25.745
126
Houston, TX*
Huntington-Ashland, WV-KY-OH ....
Huntsville, AL
Indianapolis, IN
Iowa City, IA
Jackson, Ml
Jackson, MS
Jackson, TN
Jacksonville, FL
Jacksonville, NC
27,305
27,175
23,791
24,535
31,572
20,164
27,137
19,987
27,956
8.6 23,184 24,697
28,784
28,513
24,622
25,613
33,181
20,838
28,507
20,456
29,239
26,270
56
63
157
129
21
284
64
291
51
112
Jamestown, NY
Janesville-Beloit, Wl
Jersey City, NJ*
Johnson City-Kingsport-Bristol, TNVA
Johnstown, PA
Jonesboro, AR
Joplin, MO
Kalamazoo-Battle Creek, Ml
Kankakee, IL*
Kansas City, MO-KS
25,959
26,120
23,025
23,193
29,940
19,144
25,649
19,279
26,449
1997
24,394
24,721
21,288
27,069
20,380
26,442
19,132
30,471
19,046
19,445
2,618
7,319
15,488
g
13,766
20,121
25,654
26,787
24,590
28,217
29,656
23,753
21,529
7.9
6.9
4.0
4.4
5.9
4.0
5.8
3.4
1996
23,294
23,598
20,017
25,361
19,555
24,643
18,010
28,723
18,116
Hamilton-Middletown, OH*
Harrisburg-Lebanon-Carlisle, PA ....
Hartford, CT (NECMA)
Hattiesburg, MS
Hickory-Morganton-Lenoir, NC
Honolulu, HI
.
Houma, LA
13,210
18,918
24,450
25,380
23,278
26,900
27,446
22,812
20,461
24,640
12,653
17,515
23,324
24,232
22,125
24,772
25,808
21,676
19,655
4.1 23,574
Rank in
U.S.
Dollars
1998 1998
Davenport-Moline-Rock Island, IA-
Metropolitan Statistical Areas 3
,
1996
Area name
Columbia, MO
Columbia! SC
Columbus, GA-AL
Columbus! OH
Corpus Christi, TX
Corvallis, OR
Cumberland, MD-WV
Dallas, TX*
Danville, VA
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
Millions of dollars
Percent
change
1998
24,651 25,924 27,203
26,104 27,471 28,872
18,844 19,719 20,478
6,538,103 6,942,114 7,351,547
5,537,748 5,888,223 6,251,031
1,000,355 1,053,891 1,100,516
Per capita personal income !
Personal income
Rank in
U.S.
135
249
303
212
234
22,733
22,141
24,112
26,461
32,043
18,644
22,665
28,140
19,675
23,729
23,282
25,372
27.767
33,647
19,130
23,720
28,670
20,861
188
201
136
74
19
307
191
60
283
2,820
3,671
14,915
29,016
19,197
24,209
27,399
26,281
21,994
23,493
22,726
25,861
21,674
4.5 18,621 19,367
4.1 22,292 23,482
4.1 24,692 25,882
30,801
19,804
25,305
29,022
27,785
22,576
24,542
23,725
27,244
22,109
20,387
24,356
26.970
299
138
55
72
231
160
189
91
249
292
166
95
9,791
4,887
1,604
3,228
11,030
2,312
49.464
3.2
3.3
4.0
4.2
3.1
3.3
5.5
21,201
20,729
20,771
21,691
24,726
22,596
28,473
277
287
286
264
150
230
65
20,635
19,877
20,233
21,022
24,091
21,905
27,278
D-70
• Regional Data
December 2000
SURVEY OF CURRENT BUSINESS
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1996-98—Continued
Per capita personal income 1
Personal income
Area name
Percent
change
Millions of dollars
1996
1997
1998
Kenosha, Wl*
Killeen-Temple, TX ..
Knoxville, TN
Kokomo, IN
La Crosse, WI-MN ...
Lafayette LA
Lafayette, IN
Lake Charles, LA
3,147
5,784
14,733
2,426
2,706
7,005
3,627
3,648
3,391
6,086
15,544
2,536
2,848
7,655
3,870
3,844
3,730
6,289
16,420
2,644
3,011
8,062
4,067
3,988
Lakeland-Winter Haven, FL
Lancaster, PA
8,990
10,760
9,461
11,384
10,234
12,012
Lansing-East Lansing, Ml
Laredo TX
Las Cruces, NM
Las Vegas NV-AZ
Lawrence, KS
Lawton, OK
Lewiston-Auburn, ME (NECMA)
Lexington KY
Lima, OH
Lincoln, NE
10,192
2,200
2,490
30,650
1,731
2,154
2,116
10,595
3,224
5,752
10,690
2,436
2,635
10,909
2,591
2,805
36,686
1,993
2,299
2,296
12,098
3,521
6,474
Little Rock-North Little Rock, AR ...
Longview-Marshall, TX
Los Angeles-Long Beach, CA*
Louisville KY-IN
Lubbock, TX
Lynchburg VA
Macon, GA
Madison, Wl
Mansfield, OH
McAllen-Edinburg-Mission, TX
Medford-Ashland, OR
Melbourne-Titusville-Palm Bay, FL
Memphis, TN-AR-MS
Merced CA
Miami, FL*
Middlesex-Somerset-Hunterdon,
Nj
Milwaukee-Waukesha,wr
Minneapolis-St. Paul, MN-WI
Missoula, MT
Mobile, AL
!!
Modesto, CA
Monmouth-Ocean, NJ*
Monroe, LA
Montgomery, AL
Muncie IN
Myrtle Beach, SC
Naples, FL
Nashville, TN
Nassau-Suffolk, NY*
New Haven-Bridgeport-StamfordDanbury-Waterbury, CT*
New London-Norwich, CT
(NECMA)
New Orleans LA
New York, NY*
Newark, NJ*
Newburgh, NY-PA*
Norfolk-Virginia Beach-Newport
News, VA-NC
Oakland, CA* ...
Ocala FL .
Odessa-Midland, TX
Oklahoma City, OK
Olympia, WA*...
Omaha, NE-IA.,
Orange County, CA*
Orlando, FL
Owensboro, KY
Panama City, FL
Parkersburg-Marietta, WV-OH
Pensacola, FL
Peoria-Pekin, IL
Philadelphia, PA-NJ*
13,066
4,126
33,792
1,886
2,211
2,218
11,360
3,399
6,050
13,777
1997-98
Dollars
1996
1997 1998
10.0
3.3
5.6
4.3
5.7
5.3
5.1
3.7
8.2
5.5
2.0
6.4
6.5
8.6
5.7
4.0
3.5
6.5
3.6
7.0
22,266
19,633
22,490
24,185
22,337
19,041
21,139
20,476
20,428
23,895
12,617
15,383
25,654
18,671
19,613
20,834
24,108
20,740
24,907
23,738
13,508
15,832
26,813
19,878
20,336
21,973
25,593
21,949
25,926
24,226
13,870
16,599
27,780
20.645
21,257
22,671
26,912
22.818
27,487
5.0
4.5
5.9
6.1
4.8
4.4
4.4
6.0
3.1
6.7
5.4
4.9
7.3
4.1
5.7
23,919
20,086
24,860
25.102
21,243
20,769
21,889
27,377
19,914
11,815
25,028
21,315
25,557
26,290
22,201
21,401
22,306
28,678
21,108
12,330
26,105
22,131
26,773
27,749
23,451
22,268
23,067
30,214
21,784
12,759
21,301
21,680
24,991
16,972
22,270
22.368
22,934
25,886
17,337
22,833
23,214
23,758
27,511
17,732
23,919
34,287
27,224
29,836
20,981
19,504
36,473
29,022
31,621
21,963
20,332
38,414
30,582
33,561
23,234
21,062
19,237 20,214
30,289
20,103 20,489
22,523 23,219
21,477 22,252
20,984 22,202
38,806 41,913
26,687 28,171
33,870 35,878
21,136
31,682
21,230
24,084
23,545
23,088
42,813
29.344
37,381
23,725
20,615
23,500
25,306
23,477
20,585
22,539
21,450
25,833
21,178
24,640
26,423
24,742
21,487
23,312
22,139
21,179 22,609
25,094 26,303
123
278
156
109
149
268
200
245
229
111
170
316
314
73
289
273
226
97
219
85
116
246
100
75
195
240
209
39
261
318
204
185
83
312
178
14,468
4,615
246,949
26,134
5,108
4,427
7,051
27,717
5,352
4,624
7,362
12,106
3,737
6,215
12,831
3,853
6,631
3,583
9,830
26,848
3,241
46,930
3,815
10,530
28,009
3,361
48,682
4,022
11,043
30,053
3,498
51,448
37,384
39,791
82,373
1,852
10,156
40,288
42,358
88,381
1,951
10,715
42,920
44,637
94,991
2,066
11,200
7,954
30,560
2,949
7,127
2,537
3,437
7,218
29,754
89,857
8,479
32,687
3,011
7,41
2,619
3,761
8,082
32,036
95,415
9,022
34,639
3,117
7,745
2,739
4,030
8,553
33,910
99,865
6.5
5.4
7.5
5.9
4.5
6.4
6.0
3.5
4.5
4.6
7.2
5.8
5.8
4.7
61,489
65,661
69,039
5.1 37,874
40,383 42,346
6,891
29,928
286,900
64,525
8,215
7,257
31,508
298,107
68,333
8,573
7,392
32,955
315,195
72,343
9,099
1.9
4.6
5.7
5.9
6.1
27,394
22,876
33,273
33,274
22,701
28.993
24,104
34,463
35,172
23,439
29,933
25,225
36,316
37,136
24,595
42
139
12
10
158
33,903
67,449
4,531
5,236
22,137
35,449
72,802
4,853
5,706
23,054
36,855
77,940
5,195
6,029
24,220
22,000
30,206
19,691
22,050
21,688
22,877
32,048
20,585
23,746
22.378
4,764
19,269
81,931
35,366
1,956
3,119
3,245
8,329
8,752
147,324
5,035
20.311
88,634
38,406
2,013
3,252
3,346
8,726
9,231
154,763
22,565
26.572
29.062
22,911
20,400
20,366
20,370
20,209
23,751
28,145
23,851
28,036
30,737
24,154
21,532
21,314
21,527
21,149
25,300
29,806
23,771
33,667
21,533
24,718
23,337
24,895
29,307
32,541
25,555
22,126
22,163
22,304
21,719
26,679
31,295
183
18
266
151
199
4,433
18,066
4.0
7.1
7.0
5.7
5.1
5.7
5.4
8.2
8.6
2.9
4.3
3.1
4.8
5.5
5.0
9.5
3.1
4.0
4.4
4.7
6.5
5.6
23,593
18,030
25,422
24.781
18,251
26,795
26,660
25,134
18,642
26,909
26,352
18,967
28,390
28,319
26,686
19,357
28,149
27,731
19,759
29,960
29,430
102
306
69
76
301
41
47
5.5
7.8
6.2
5.2
5.5
7.7
4.5
24,909
16,456
19,291
26,591 28,007
17,189 17,956
20,505 21,379
71
311
21,758
24.655
27,069
22,022
23,002
26,3228,997
22,904
23,752
27,712
30,394
23,858
187
77
38
180
75,749
32,591
1,850
2,945
3,080
7,743
8,219
139,319
Phoenix-Mesa, AZ
Pine Bluff, AR
Pittsburgh, PA
Pittsfield. MA (NECMA)
Pocatello, ID
Portland, ME (NECMA)
Portland-Vancouver, OR-WA*
Providence-Warwick-Pawtucket, Rl
(NECMA)
Provo-Orem, UT
,
Pueblo, CO
64,964
1,490
60,346
3,329
1,340
6,702
46,765
71,417
1,531
63,488
3,529
1,402
7,157
50,709
66,013
3,684
1,468
7,623
53,563
22,543
5,285
2,52
24,03;
5,662
2,716
25,350
6,103
2,884
Punta Gorda, FL
Racine Wl*
Raleigh-Durham-Chapel Hill, NC ..
Rapid City SD
2,832
4,546
27,660
1,909
3,044
4,872
30,46;
1,993
3,201
5,142
32,804
2,083
78,210
1,579
7
37
20
203
281
280
28
276
176
193
207
2
49
145
50
25
132
247
243
238
263
103
31
1. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for
1996-98 reflect county population estimates available as of March 2000.
2. The personal income level shown for the United States is derived as the sum of the county estimates. It
differs from the estimate of personal income in the national income and product accounts (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.
Area name
Millions of dollars
1996
1997
Per capita personal income *
Percent
change
1997-98
1996
1997
1998
1998
8,814
3,282
9,134
3,872
24,626
58,143
9,356
3,467
9,706
3,992
26,023
61,729
9,787
3,609
10,342
4,170
27,267
66,385
4.6
4.1
6.6
4.5
4.8
7.5
25,046
20,344
30,611
21,637
26,400
19.411
26,439
21,322
31,687
22,072
27,602
20,246
27,511
21,986
33,040
22,829
28,635
21,300
83
253
22
218
61
272
Roanoke, VA
Rochester, MN
Rochester, NY
Rockford, IL
Rocky Mount, NC
Sacramento, CA*
Saginaw-Bay City-Midland, Ml
St. Cloud, MN
St. Joseph, MO
St. Louis, MO-IL
5,722
3,099
27,296
8,366
2,927
36,874
9,273
3,224
1,989
67,326
5,998
3,314
28,598
8,814
3,120
39,310
9,768
3,332
2,092
71,492
6,297
3,611
29,603
9,258
3,207
42,325
10,044
3,670
2,184
74,516
5.0
9.0
3.5
5.0
2.8
7.7
2.8
10.1
4.4
4.2
25,046
27,413
25,154
23,683
20,375
24,489
23,034
20,124
20,488
26,406
26,250
28,928
26.396
24,820
21,475
25,729
24,277
20,593
21,533
27,951
27,624
30,880
27,390
25,938
21,979
27,232
25,010
22,539
22,434
80
33
87
121
254
92
143
232
236
53
Salem, OR*
Salinas, CA
Salt Lake City-Ogden, UT
San Angelo, TX
San Antonio, TX
San Diego, CA
San Francisco, CA*
San Jose, CA*
San Luis Obispo-Atascadero-Paso
Robles, CA
Santa Barbara-Santa MariaLompoc, CA
6,810
9,036
27,043
2,072
32,119
66,403
66,781
55,782
7,235
9,769
29,335
2,156
34,585
71,126
71,370
61,581
7,621
10,333
31,201
2,273
36,655
76,502
76,080
67,034
5.3
5.8
6.4
5.4
6.0
7.6
6.6
8.9
21,377
26,018
22,007
20,360
21,688
24,836
40,398
35,003
22,277
27,221
23,448
21,075
22,840
26,129
42,706
37,974
23,072
28,185
24,698
22,140
23,800
27,657
45,199
40,828
208
68
152
244
181
78
1
4
5,024
5,492
5,807
5.7
21,984
23,730 24,807
147
10,149
10,628
11,177
5.2
26,554
27,476
Santa Cruz-Watsonville, CA*
Santa Fe, NM
Santa Rosa, CA*
Sarasota-Bradenton, FL
Savannah, GA
Scranton-Wilkes-Barre-Hazleton,
PA
Seattle-Bellevue-Everett, WA*
Sharon, PA
Sheboygan, Wl
Sherman-Denison, TX
6,651
3,669
11,484
16,405
6,575
7,188
3.875
12,440
17,653
6,779
7,613
4,145
13.408
18.558
7,170
5.9
7.0
7.8
5.1
5.8
28,225
26,766
27,392
31,015
23,414
30,093
27,729
29,173
32,980
23,896
31,302
29,375
30,911
34,178
25,135
30
48
32
15
141
13,593
69,785
2,360
2,612
2,017
14,157
77,181
2,475
2,715
2.150
14,641
85,191
2,585
2,876
2,287
3.4
10.4
4.4
5.9
6.4
21,663
31,356
19,310
23,882
20,187
22.792
33.968
20,275
24,734
21,356
23,764
36,854
21,231
26,149
22,417
Shreveport-Bossier City, LA
Sioux City, IA-NE
Sioux Falls, SD
South Bend, IN
Spokane, WA
Springfield, IL
Springfield, MO
Springfield, MA (NECMA)
State College, PA
Steubenville-Weirton, OH-WV
8,029
2,717
4,124
5,994
8,663
5,048
6,379
13,915
2.779
2,617
8.271
2.782
4,378
6,348
9,158
5,324
6,822
14,736
2,945
2,626
8,630
2,909
4,686
6,657
9,573
5,552
7,130
15,409
3,072
2.723
4.3
4.6
7.0
4.9
4.5
4.3
4.5
4.6
4.3
3.7
21,186
22,491
26,304
23,279
21,434
24,759
21,488
23,525
21,043
18,935
21,776
23,092
27,678
24,591
22,581
26,108
22,660
24,947
22,230
19,235
22,858
24,173
29,131
25,782
23,450
27,215
23,399
26,131
23,272
20,224
184
11
275
114
237
214
172
52
125
196
94
198
115
202
295
Stockton-Lodi, CA
Sumter, SC
Syracuse, NY
Tacoma, WA*
Tallahassee, FL
Tampa-St. Petersburg-Clearwater,
10,345
1,798
16,439
14,257
5,762
11,015
1,855
17,079
15,657
6,071
11,440
1,943
17,797
16,561
6.472
3.9
4.7
4.2
5.8
6.6
19,462
16,191
22,099
21,785
22,464
20,398
16,650
23,122
23,61;
23,49^
20,813
17,294
24,219
24,500
24,978
285
313
171
161
144
Terre HaiteViN*!!!!!!!!!!!!!!!"!!!"!!!!!!"!
Texarkana, TX-Texarkana, AR
Toledo, OH
Topeka, KS
53,581
2,918
2,363
14,643
3,969
57.542
3.006
2.492
15,437
4,138
61.373
3,144
2,535
15,907
4,345
6.7
4.6
1.7
3.0
5.0
24,408
19,450
19.168
24,002
23,486
25,861
20,149
20,235
25,290
24,424
27,224
21,154
20,640
26,077
25,508
93
279
290
118
134
Trenton, NJ*
Tucson, AZ
Tulsa, OK
Tuscaloosa, AL
Tyler, TX
Utica-Rome, NY
Vallejo-Fairfield-Napa, CA*
Ventura, CA*
Victoria, TX
Vineland-Millville-Bridgeton, NJ*
11,031
15,985
18,236
3,224
3,710
6,064
11,291
18,524
1,772
2,921
11,729
16,797
19,325
3,401
3,979
6,290
12,01 •
19,810
1,856
3,038
12,447
17,959
20,608
3,547
4,234
6,573
12,841
21,020
1,971
3,195
6.1
6.9
6.6
4.3
6.4
4.5
6.9
6.1
6.2
5.2
33,452
20,845
24.183
20.338
22.676
20.134
23,38;
26,057
22,057
20,682
35,557
21,570
25,269
21,269
24,016
21,143
24,567
27,432
23,019
21,557
37,551
22,723
26,533
22,063
25,190
22,302
25.874
28.711
24.131
22,756
224
107
251
140
239
122
58
174
222
6,040
3,966
149,504
2,667
2,710
37,819
3,071
12,618
2,899
2,348
6,284
4,212
157,925
2,842
2,904
38,836
3,152
13,477
3.016
2.451
6,698
4,435
168,006
2,961
3,050
41,361
3,316
14.255
3,126
2,558
6.6
5.3
6.4
4.2
5.0
6.5
5.2
5.8
3.6
4.4
17,427
19,720
32,896
21,811
22,318
38,070
19,531
23,984
21,115
19,756
17,943
20,813
34,318
23,418
23,755
38,272
20,209
25,239
22,032
20,754
18,893
21,826
36,043
24,484
24,781
40,044
21,348
26,211
22,851
21,791
308
257
14
15,756
4,584
4.177
3.646
8,693
12,718
2,480
2,071
16,628
4,998
4,331
3,851
9,123
13,339
2,55'
2,200
18,012
5,298
4,533
3,954
9,565
13,693
2,676
2,41
8.3
6.0
4.7
"2.7
4.8
2.7
4.9
9.6
28,464
22,171
19,511
24,458
23,609
21,235
18,205
16,572
29,736
23,492
20,035
25,418
24,599
22,383
18,676
•17,04]
31,885
24,272
20,718
25,791
25,596
23,089
19,532
18,277
27
168
288
124
131
206
305
310
Visalia-Tulare-Porterville, CA
Waco, TX
Washington, DC-MD-VA-WV*
Waterloo-Cedar Falls, IA
Wausau, Wl
West Palm Beach-Boca Raton, FL
Wheeling, WV-OH
Wichita, KS
Wichita Falls, TX
Williamsport, PA
Wilmington-Newark, DE-MD*
Wilmington NC
Yakima, WA
Yolo, CA*
York, PA
Youn'gstown-Warren, OH
Yuba City, CA
Yuma, AZ
1998
Rank in
U.S.
Dollars
Reading, PA
Redding, CA
Reno, NV
Richland-Kennewick-Pasco, WA ....
Richmond-Petersburg, VA
Riverside-San Bernardino, CA*
1998
4,418
233,234
225,144
24,826
4,906
4,265
6,824
11,367
3,527
5,789
Personal income
Rank in
U.S.
163
148
5
270
113
215
259
3. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and
New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT
NECMA is presented as a PMSA (part of the New York CMSA).
Source: Table 1 in "Comprehensive Revision of Local Area Personal Income" in the July 2000 issue of the SURVEY
OF CURRENT BUSINESS.
Regional Data • D—71
SURVEY OF CURRENT BUSINESS
December 2000
L. Charts
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. PERSONAL INCOME BY REGION
1969
1999
Great Lakes
16.2=c
Great Lakes
20.9%
Mideast
18.8%
/
/
New England
6.4%
/Far West
/ 15.2%
Southeast
17.3%
New England
5.9%
/
Southeast
22.0%
Rocky Mountain
2.2%
Southwest
7.0%
Far West
17.5%
/
Southwest
9.9%
Rocky Mountain
3.1%
SHARES OF U.S. GROSS STATE PRODUCT BY REGION
1998
1977
Great Lakes
15.9%
Mideast
20.2%
Great Lakes
19.6%
Mideast
18.8%
Plains
New England
5.2%
/
/Far West
15.7%
New England
5.7%
Southeast
21.8%
Southeast
19.6%
Rocky Mountain
2.8%
Southwest
9.3%
•' Far West
17.7%
Southwest
10.4%
Rocky Mountain
3.1%
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-99
STATES WITH FASTEST GROWTH
^'j^y^
STATES WITH SLOWEST GROWTH
Nevada ^^I^HBBBVJBBBHBBBI
Arz
iona | ^ ^ ^ B i ^ ^ ^ H | I H H
'
Florida j
l
^
Colorado ^ B B B B B l B M B B B M B B B i
Indiana B j B j B J B B B J
Rhode Island | E B M B ^ B B B
West Virginia
Pennsylvania
Texas BBBBBBBBMBBBBBBBB
^^^^^H^B
B ^ H ^ H B H U
Michigan ^ ^ M ^ M ^ ^ B
BBBBB^BJBPBIBBBI
North Carolina B J B B B B B B H B B B B I
New Mexico H I B H H B H H H H H H H H I
New York BBBBBBBI
Ohio H H H B i V J
Washington BflBBBflHflBJBB^Hfl
Iowa • • • • • • • • • I
4
5
6
7
8
Percent
9
' jfi)%^
Illinois BBBBBBBBBB
North Dakota B B B B j B j B j
utah B B B B M B B B B B B B B B
Georaia H B H H H H U H I f l l l
New Hampshire
U S
10
1
12
^^^^^^^^^^^^^^ l
4
5
6
7
!
8
Percent
:
9
10
11
12
D—72 • Regional Data
December 2000
SURVEY OF CURRENT BUSINESS
SELECTED REGIONAL ESTIMATES
PER CAPITA PERSONAL INCOME, 1999
ND
$23,313
I
$25,889
MN
$3033.:
ME
$24,603
NH
$31,114
VT
\
MA
$35,551
$27,390
Rl
$29,377
IA
$25,615
RA
'
OH
t $28,605 > ' * - NJ
CT
l
/'
IL 5 IN , $27,152 ; - T ^ 5 K " f &
$35,551 $39,300
.$31,145 $26,143.
/WV y
elfci
nF
MO
'•.
}
r
" ^ s e * VA
-;?'
MD
^
$26,376 v, : . — ' • / K Y _ )O^$29,789
$23,237,"TN
$30 778
$32,465
A, \
'
DC
$39,858
NC
$26 003 &
} $27,340
MS !
l
,, fwm
$22,847
'A
-. FL
$27,780
United States $28,542
States with highest levels
; States with lowest levels
All other States
PERSONAL INCOME: PERCENT CHANGE, 2000:1-2000:11
NH 0.8
WA 1.6
^7~~~.
MT 1.8
:-'.-.l© 0.8
OR 1.7
ID 1.3
--
,
WY 1.0
/
MN 1.8
V. 1
----Wl 2.2
.
CO 2.1
CA 1.4
KS 1.9
MO 1 9
rv
' KY 1 6
\
• .
,'
.1
5
AR 1.4
.''"
NC 1.9
SC 2.0 ,'
;" MS
'; 1.3
i
AL 1.6
GA 1.7
/
TX 2.1
LA 1.5
-•;
•'- '
\
'. FL
" 2-1
\
HI 1.6
AK 1.7
\
\
United States 1.7%
\
7^1 Fastest growing States
;
Slowest growing States
All other States
U.S. Department of Commerce, Bureau of Economic Analysis
MD12
VA 1 2
/
TN 1.8
OK 2.0
NM 1.9
NJ 18
DE 24
-1
DC 0 3
,--•'
J
AZ 0.7
WV
;
RI
CT 0 5
PA 14
.
.'
OH 15
IN
19
MA 1.0
,
.•; * "
IA 2.4
*:
"
zi' -
NY 18
IL 1 9
UT22
\
'
Ml 2.3 ,
NE 1.7
ME
\
i -
j
•
j
\
VT 15
1
SD 1.8
j
NV 2.5
1
1.5
December 2000
SURVEY OF CURRENT BUSINESS
Appendixes • D—73
Appendix A
Additional Information About the NIPA Estimates
Statistical Conventions
Changes in current-dollar GDP measure changes in the
market value of goods and services produced in the
economy in a particular period. For many purposes, it
is necessary to decompose these changes into quantity
and price components. To compute the quantity
indexes, changes in the quantities of individual goods
and services are weighted by their prices. (Quantity
changes for GDP are often referred to as changes in
"real GDP.") For the price indexes, changes in the prices
for individual goods and services are weighted by quantities produced. (In practice, the current-dollar value
and price indexes for most GDP components are determined largely using data from Federal Government surveys, and the real values of these components are
calculated by deflation at the most detailed level for
which all the required data are available.)
The annual changes in quantities and prices are calculated using a Fisher formula that incorporates
weights from 2 adjacent years. For example, the annual
percent change in real GDP in 1997-98 uses prices for
1997 and 1998 as weights, and the 199J-98 annual percent change in the GDP price index uses quantities for
1997 and 1998 as weights. Because the Fisher formula
allows for the effects of changes in relative prices and in
the composition of output over time, the resulting
quantity or price changes are not affected by the substitution bias that is associated with changes in quantities
and prices calculated using a fixed-weighted formula.1
These annual changes are "chained" (multiplied)
together to form time series of quantity and price; the
percent changes that are calculated from these time
series are not affected by the choice of reference period.
The quarterly changes in quantities and prices are
calculated with weights from two adjacent quarters. As
part of an annual or comprehensive revision, the quarterly indexes through the most recent complete year are
adjusted to ensure that the average of die quarterly
indexes conforms to the corresponding annual index.
In addition, BEA prepares measures of real GDP and
its components in a dollar-denominated form, designated "chained (1996) dollar estimates." These estimates are computed by multiplying the 1996
current-dollar value of GDP, or of a GDP component,
by the corresponding quantity index number. For
example, if a current-dollar GDP component equaled
$100 in 1996 and if real output for this component
1. In addition, because the changes in quantities and prices calculated
using these weights are symmetric, the product of a quantity index and the corresponding price index is generally equal to the current-dollar index.
increased by 10 percent in 1997, then the "chained
(1996) dollar" value of this component in 1997 would
be $110 ($100 x 1.10). Note that percentage changes in
the chained (1996) dollar estimates and the percentage
changes calculated from the quantity indexes are identical, except for small differences due to rounding.
Because of the formula used for calculating real
GDP, the chained (1996) dollar estimates for detailed
GDP components do not add to the chained-dollar
value of GDP or to any intermediate aggregates. A
"residual" line is shown as the difference between GDP
and the sum of the most detailed components shown in
each table. The residual generally is small close to the
base period but tends to become larger as one moves
further from it. Accurate measures of component contributions to the percentage changes in real GDP and its
major components are shown in NIPA tables 8.2-8.6.
BEA also publishes the "implicit price deflator"
(IPD), which is calculated as the ratio of current-dollar
value to the corresponding chained-dollar value, multiplied by 100; the values of the IPD and of the corresponding "chain-type" price index are very close.
For quarters and months, the estimates are presented
at annual rates, which show the value that would be registered if the rate of activity measured for a quarter or a
month were maintained for a full year. Annual rates are
used so that time periods of different lengths—for
example, quarters and years—may be compared easily.
These annual rates are determined simply by multiplying the estimated rate of activity by 4 (for quarterly
data) or by 12 (for monthly data).
Percent changes in the estimates are also expressed at
annual rates. Calculating these changes requires a variant of the compound interest formula:
r = \\ —
where r is the percent change at an annual rate; xt is the
level of activity in the later period; x0 is the level of
activity in the earlier period; m is the yearly periodicity
of the data (for example, 1 for annual data, 4 for quarterly, or 12 for monthly); and n is the number of periods between the earlier and later periods (that is, t-o).
Quarterly and monthly NIPA estimates are seasonally adjusted, if necessary. Seasonal adjustment removes
from the time series the average impact of variations
that normally occur at about the same time and in
about the same magnitude each year—for example,
weather, holidays, and tax payment dates. After seasonal
adjustment, cyclical and other short-term changes in
the economy stand out more clearly.
D-74
• Appendix A
SURVEY OF CURRENT BUSINESS
December 2000
Reconciliation Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings
[Percent change from preceding period]
1998
1999
2000
1999
III*
BEA-derived compensation per hour of all persons in the nonfarm business sector
(less housing)1
5.1
Less: Contribution of supplements to wages and salaries per hour
-.5
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit
institutions
-.3
Less: Contribution of wages and salaries per hour of persons in government enterprises,
unpaid family workers, and self-employed
-.1
Equals: BEA-derived wages and salaries per hour of all employees in the private
nonfarm sector
5.5
4.8
-.3
-.1
0
5.0
5.0
5.5
4.2
3.9
5.9
-.4
-.5
-.4
.1
.2
-.3
-.5
-.3
-.1
-.1
-.1
-.1
-.1
-.1
-.3
5.1
5.5
4.4
3.7
5.9
6.3
0
-.3
5.8
Less: Contribution of wages and salaries per hour of nonproduction workers in
manufacturing
-.1
-.1
.4
.4
.2
.4
.4
Less: Other differences2
1.5
1.4
1.0
1.4
1.3
-.3
1.6
1.7
Equals: BLS average hourly earnings of production or nonsupervisory workers on
private nonfarm payrolls
4.1
3.6
3.7
3.7
3,1
3.8
3.9
3.8
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector3
5.3
5.0
5.0
5.5
4.2
3.9
5.9
6.3
p Preliminary.
1. Includes BLS data on compensation and hours of nonfarm proprietors and hours worked
of unpaid family workers.
2. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmark procedures; quarterly estimates also include
0
differences in seasonal adjustment procedures.
3. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing.
B l « - „ , , . , a. r QtaHeH . e
B L b B u r e a u o f LaDor b t a t l s t l c s
Table 2.—Relation of Net Exports of Goods and Services and Net Receipts of Factor Income in the NIPA's to Balance on
Goods, Services, and Income in the ITA's
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2000
1998
I
Exports of goods, services, and income receipts, ITA's
1,191.4
1,232.4
1,174.9
1,204.0
1,252.3
1,298.4
1,347.4
1,408.3
8.8
0
1.1
9.6
8.8
1.3
3.7
8.8
1.3
5.5
0
5.3
0
1.0
3.0
0
.9
3.2
0
.9
6.1
0
1.1
4.5
43.3
4.6
48.9
4.2
46.3
4.4
48.0
4.6
48.6
5.3
52.8
6.0
52.7
5.6
51.3
18.5
16.4
17.7
16.7
15.7
15.5
16.4
16.9
Equals: Exports of goods and services and income receipts, NIPA's
1,251.4
1,296.1
1,239.2
1,268.9
1,314.0
1,362.2
1,402.8
1,468.3
Imports of goods, services, and income payments, ITA's
1,364.5
1,515.9
1,398.1
1,473.8
1,565.3
1,626.3
1,705.3
1,783.5
6.5
0
0
5.8
0
0
3.3
0
0
3.2
0
0
7.4
0
0
9.3
0
0
9.6
5.5
0
3.0
5.6
0
-4.1
4.5
28.4
18.5
-2.7
4.6
32.6
16.4
-2.6
4.2
28.4
17.7
-2.7
4.4
30.0
16.7
-2.6
4.6
32.5
15.7
-2.7
5.3
39.6
15.5
-3.2
6.0
36.2
16.4
-3.1
5.6
37.5
16.9
1,442.5
1,519.0
1,608.1
1,674.8
1,745.7
1,832.0
-223.2
-269.8
-513.0
-327.9
-357.9
-375.2
Less: Gold, ITA's
Statistical differences1
Other items
Plus: Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Services furnished without payment by financial intermediaries except life
insurance carriers
Less: Gold, ITA's
Statistical differencesl
Other items
Plus: Gold, NIPA's
Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Imputed interest paid to rest of world
Equals: Imports of goods and services and income payments, NIPA's
1,406.4
Balance on goods, services, and income, ITA's (1-9)
-173.1
Less: Gold (2-10+13)
Statistical differences ( 3 - 1 1 ) l
Other items (4-12)
Plus: Adjustment for U.S. territories and Puerto Rico (6-15)
Equals: Net exports of goods and services and net receipts of income, NIPA's
(8-17)
1. Consists of statistical revisions in the NIPA's that have not yet been incorporated into the
ITA's 2000:ll) and statistical revisions in the ITA's that have not yet been incorporated into the
NIPA's (2000:1-2000:11).
1,561.1
-283.5
-4.1
0
.9
0
1.0
-2.9
0
.9
-2.7
0
.9
^3.9
0
1.1
-5.2
0
1.1
-3.2
3.3
1.3
-2.4
3.2
1.3
14.9
16.3
17.9
18.0
16.1
13.2
16.5
13.8
-155.0
-265.0
-203.3
-250.1
-294,1
-312.6
-342.9
-363.7
ITA's International transactions accounts
NIPA's National income and product accounts
December 2000
SURVEY OF CURRENT BUSINESS
Appendix B • D—75
Appendix B
Suggested Reading
The Bureau of Economic Analysis (BEA) has published
a wealth of information about the methodologies that
are used to prepare its national, regional, and international accounts.
National accounts
The national accounts encompass the detailed estimates
in the national income and product accounts (including
gross domestic product), the estimates of wealth and
related estimates, gross product by industry, the inputout accounts, and the satellite accounts.
National income and product accounts (NIPA's).
This series of papers documents the conceptual framework of the NIPA's and the methodologies that have
been used to prepare the estimates.
An Introduction to National Economic Accounting
(1985) [also in the March 1985 SURVEY]
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (1985)
Foreign Transactions (1987) [A revised version is
forthcoming.]
GNP: An Overview of Source Data and Estimating
Methods (1987) [Most of the information in
this paper has been superseded by "A Guide to
the NIPA's" (March 1998 SURVEY).]
Government Transactions (1988)
Personal Consumption Expenditures (1990)
These methodologies have been updated and improved, typically as part of the comprehensive and annual revisions of the NIPA's. The most recent revisions
are described in the following SURVEY articles.
"A Preview of the 1999 Comprehensive Revision
of the National Income and Product Accounts"
Definitional anc! Classificational Changes
(August 1999)
New and Redesigned Tables (September 1999)
Statistical Changes (October 1999)
"Improved Estimates of the National Income and
Product Accounts: Results of the Comprehensive Revision"
For 1959-98 (December 1999)
For 1929-99 (April 2000)
"Annual Revision of the U.S. National Income and
Product Accounts" (August 2000)
"A Guide to the NIPA's" (March 1998) provides the
definitions of the major NIPA aggregates and components, discusses the measures of real output and prices,
explains how production is classified and how the
NIPA's are presented, describes the statistical conventions that are used, and lists the principal source data
and methods that are used to prepare the estimates of
gross domestic product (GDP).
Information about the sources and methods that are
used to prepare the national estimates of personal income, which are the basis for the State estimates, is in
State Personal Income, 1929-97 (1999).
"BEA's Chain Indexes, Time Series, and Measures of
Long-Term Economic Growth" (May 1997) is the most
recent in a series of articles that describe the conceptual
basis for the chain-type measures of real output and
prices that are used in the NIPA's.
"Reliability of the Quarterly and Annual Estimates of
GDP and Gross Domestic Income" (December 1998)
evaluates these estimates by examining the record of revisions to them.
Wealth and related estimates. Fixed Reproducible
Tangible Wealth in the United States, 1925-94 (1999)
discusses the concepts and statistical considerations
that underlie the estimates and their derivation.
"Fixed Assets and Consumer Durable Goods for
1925-98" (April 2000) describes the definitional and
statistical improvements that were incorporated in the
comprehensive revision of the estimates.
Gross product by industry. "Improved Estimates of
Mission and Strategic Plan
The mission statement of the Bureau of Economic Analysis and the latest update to
its strategic plan for improving the accuracy, reliability, and relevance of the
national, regional, and international accounts are available on BEA's Web site at
<www.bea.doc.gov>. For information about the development and the implementation of the plan, see these SURVEY articles.
"Mid-Decade Strategic Review of BEA's Economic Accounts: Maintaining and
Improving Their Performance" (February 1995)
"Mid-Decade Strategic Review of BEA's Economic Accounts: An Update" (April
1995)
"BEA's Mid-Decade Strategic Plan: A Progress Report" (June 1996)
D—76 • Appendix B
SURVEY OF CURRENT BUSINESS
"Gross Product by Industry for 1947-98" (June 2000)
describes the most recent comprehensive revision of
these estimates.
"Gross Domestic Product by Industry for 1997-99"
(December 2000) describes the most recent annual revision of the these estimates.
Input-output accounts. "Benchmark Input-Output
Accounts for the U.S. Economy, 1992" (November
1997) describes the preparation of the 1992 accounts
and the concepts and methods that underlie the accounts.
"Annual Input-Output Accounts of the U.S. Economy, 1996" (January 2000) presents annual tables for
1996 that update the 1992 benchmark accounts.
Satellite accounts. These accounts extend the analytical capacity of the national accounts by focusing on
one aspect of economic activity.
"Integrated Economic and Environmental Satellite Accounts" and "Accounting for Mineral
Resources: Issues and BEA's Initial Estimates"
(April 1994)
"A Satellite Account for Research and Development" (November 1994)
"U.S. Transportation Satellite Accounts"
For 1992 (April 1998)
For 1996 (May 2000)
"U.S. Travel and Tourism Satellite Accounts"
For 1992 (July 1998)
For 1996 and 1997 (July 2000)
December 2000
Investment Abroad: 1994 Benchmark Survey,
Final Results (1998)
"A Guide to BEA Statistics on U.S. Multinational
Companies," which is also available in the
March 1995 SURVEY
"Methodology for Foreign Direct Investment in
the United States," which is also available in
Foreign Direct Investment in the United States:
1992 Benchmark Survey, Final Results (1995)
"A Guide to BEA Statistics on Foreign Direct
Investment in the United States," which is also
available in the February 1990 SURVEY
International services. U.S. International Transactions in Private Services: A Guide to the Surveys Conducted by the Bureau of Economic Analysis (1998)
describes 11 surveys. It includes classifications, definitions, release schedules, the methods used to prepare
the estimates, and samples of the survey forms.
Regional accounts
The regional accounts include estimates of personal
income and gross state product.
Personal income. Estimates of personal income are
prepared for States and for local areas.
"Comprehensive Revision of State Personal Income
for 1969-99" (June 2000) summarizes the changes in
the methodology that is used to prepare the estimates.
The detailed methodology is available on the CD-ROM
State Personal Income, 1969-98.
"Comprehensive Revision of Local Area Personal InInternational accounts
come for 1969-98" (July 2000) summarizes the changes
The international accounts encompass the international in the methodology that is used to prepare the estimates
transactions accounts, direct investment, and interna- for counties and metropolitan areas. The detailed methodology is available on the CD-ROM Regional Ecotional transactions in services.
International transactions accounts (ITA's). The nomic Information System, 1969-98.
Gross state product. "Comprehensive Revision of
Balance of Payments of the United States: Concepts, Data
Sources, and Estimating Procedures (1990) describes the Gross State Product by Industry, 1977-94" (June 1997
methodologies used to prepare the estimates in the SURVEY) summarizes the sources and the methods that
ITA's and the international investment position of the are used to prepare the estimates. "Gross State Product
United States. These methodologies are usually updated by Industry, 1977-98" (October 2000) describes the
and improved as part of the annual revisions of the most recent comprehensive revision of these estimates.
ITA's.
"U.S. International Transactions, Revised EstiAvailability
mates" is a series of articles about the annual ITA reviMost of the items listed here are available on our
sions and the improvements in methodology; the latest
Web site at <www.bea.doc.gov>; in particular,
article is published in the July 2000 issue.
look under "Methodologies." Our online Catalog
of Products provides descriptions of both our
Direct investment. International Direct Investment:
printed and electronic publications. The Catalog
Studies by the Bureau of Economic Analysis (1999) is a
also includes links to compressed files of our discollection of previously published articles on U.S. direct
kette
products that can be downloaded for free.
investment abroad and foreign direct investment in the
For
specific information about the availability
United States. It also includes the following informaof our most recently released estimates and prodtion.
ucts, see "Getting BEA's Estimates" on the inside
"Methodology for U.S. Direct Investment Aback cover.
broad," which is also available in U.S. Direct
Getting BEA's Estimates
Estimates and related information are available in news releases and publications and
on diskettes, CD-ROM's, and the BEA Web site. The news releases are now posted on
the Web site within minutes of the official time of release. Our online Catalog ofProducts
provides product descriptions and includes links to compressed files of our diskette
products that can be downloaded for free.
Our most recent Web site postings and statistical products are listed below.
www.bea.doc.gov
December 2000 Survey of Current Business
Click on "Survey of Current Business and other BEA
Publications " and look under "Table of contents."
Selected NIPA Tables, Third Quarter 2000
(Preliminary) Click on "GDP and related data " and
look under "Current period estimates."
Fixed Assets and Consumer Durable Goods for
1925-99 Click on "Industry and wealth data," and look
under "Fixed Assets."
U.S. International Services, 1986-99
Click on "BOP and related data " and look under "Exports and imports."
Diskettes and CD-ROM's
Foreign Direct Investment in the United States
Operations of U.S. Affiliates of Foreign Companies.
Preliminary 1998 Estimates. Diskette IDN-0269, $20.
Balance of Payments and Direct Investment Position.
Estimates for 1987-99. Diskette IDN-0266, $20.
U.S. Direct Investment Abroad
Balance of Payments and Direct Investment Position.
Estimates for 1982-99. Diskette IDN-0264, $20.
Operations of U.S. Parent Companies and Their For-
eign Affiliates. Diskettes.
Revised 1997 Estimates. IDN-0254, $20.
Preliminary 1998 Estimates. IDN-0255, $20.
U.S. International Transactions
Second Quarter 2000. Diskette IDN-0267, $20
State Personal Income, 1969-99
CD-ROM RCN-0268, $35.
Regional Economic Information System, 1969-98
CD-ROM RCN-0250, $35.
To order, call the BEA Order Desk at 1-800-704-0415 (outside the United States, call 202-606-9666).
Publications
Foreign Direct Investment in the United States
Preliminary Results From the 1997 Benchmark Survey
Presents data on the financial structure and operations
of the U.S. affiliates of foreign investors, including data
collected only in benchmark surveys.
003-010-00284-1, $13.
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their Foreign Affiliates
Revised 1997Estimates, 003-010-00285-9, $10
Preliminary 1998 Estimates, 003-010-00286-7, $10.
Present data for nonbank U.S. multinational companies.
To order, visit the U.S. Government Printing Office's Web site at <bookstore.gpo.gov> or call 202-512-1800.
U. S. GOVERNMENT PRINTING OFFICE
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SUPERINTENDENT OF DOCUMENTS
POSTAGE AND FEES PAID
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PENALTY FOR PRIVATE USE, $300
Schedule of Upcoming BEA News Releases
U.S. International Transactions, 3rd quarter 2000
Input-Output Estimates, 1997
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 10:00 a.m.
Dec. 18 10:00 a.m.
Dec. 19 8:30 a.m.
Dec. 21
Dec. 22
8:30 a.m.
8:30 a.m.
U.S. International Trade in Goods and Services, November 2000*
State Personal Income, 3rd quarter 2000
Gross Domestic Product, 4th quarter 2000 (advance)
Jan. 19
Jan. 24
Jan. 31
8:30 a.m.
9:00 a.m.
8:30 a.m.
Personal Income and Outlays, December 2000
U.S. International Trade in Goods and Services, December 2000*
Gross Domestic Product, 4th quarter 2000 (preliminary)
Feb. 1
Feb. 21
Feb. 28
8:30 a.m.
8:30 a.m.
8:30 a.m.
Personal Income and Outlays, January 2001
U.S. International Transactions, 4th quarter 2000
U.S. International Trade in Goods and Services, January 2001*
Gross Domestic Product, 4th quarter 2000 (final) and
Corporate Profits, 4th quarter 2000 (revised)
Personal Income and Outlays, November 2000
Mar. 1 8:30 a.m.
Mar. 15 8:30 a.m.
Mar. 20 8:30 a.m.
* Joint release by the Bureau of the Census and the Bureau of Economic Analysis (BEA)
For more information, call BEA at 202-606-9900, or go to our Web site at WWW.bea.doc.gov
Mar. 29 8:30 a.m.
Mar. 30 8:30 a.m.
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