Full text of Survey of Current Business : December 2005
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DECEMBER 2 00 5
Survey of Current Business
In T h i s I s s u e . . .
Annual Industry A ccou nts for 2 0 0 2 - 2 0 0 4
GDP by NAICS-Based Industry for 1 9 4 7 - 8 6
a BEA
B U R E A U O F E C O N O M IC A N A L Y S IS
U .S . D E P A R T M E N T O F C O M M E R C E
ECONOMICS AND STATISTICS ADMINISTRATION
U.S. D epartm ent of C om m erce
Carlos M. Gutierrez, Secretary
E conom ics and S tatistics A dm inistration
B ureau of E conom ic A nalysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director and Acting C h ief Economist
Dennis J. Fixler, C h ief Statistician
Ralph Kozlow, Associate Director fo r International Economics
Alan C. Lorish, Jr., C h ief Inform ation Officer
Brent R. Moulton, Associate Director fo r N ational Economic Accounts
Sumiye Okubo, Associate Director fo r Industry Accounts
John W. Ruser, Associate Director fo r Regional Economics
B EA A dvisory C om m ittee
The BEA Advisory Com mittee advises the D irector of BEA on m atters related to the development and improvement of BEA’s
national, regional, industry, and international econom ic accounts, especially in areas of new and rapidly growing econom ic
activities arising from innovative and advancing technologies, and it provides recom m end ation s from the perspective of
business economists, academicians, researchers, and experts in government and international affairs.
Dale W. Jorgenson, Chair, Harvard University
Alan J. Auerbach, University o f California, Berkeley
Nariman Behravesh, Global Insight
Richard B. Berner, Morgan Stanley
Michael J. Boskin, Stanford University
Barry R Bosworth, The Brookings Institution
Susan M. Collins, Georgetown University
Robert J. Gordon, Northwestern University
Maurine A. Haver, Haver Analytics, Inc.
Charles R. Hulten, University o f Maryland
Edward E. Learner, University o f California, Los Angeles
Therese J. McGuire, Northwestern University
William D. Nordhaus, Yale University
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SurveyofCurrentBusiness
D ecem b er 2005
1
Volum e 85 • N u m b er 12
B usin ess S ituation: P relim in ary E stim ates for the Third Q u a rter of 2005
Real GDP increased 4.3 percent after increasing 3.3 percent in the second quarter. Corporate
profits decreased $45.5 billion after increasing $59.3 billion. Net government saving decreased
$129. 9 billion to -$406.0 billion.
4 The Impact of the Third-Quarter Hurricanes on the NIPAs
18 A nnual Industry A ccounts: R evised E stim ates for 2 0 0 2 -2 0 0 4
Real economic growth was strong in 2004, reflecting strength in both the services-producing sector
and the goods-producing sector, according to the most recent update of BEA’s annual industry
accounts.
29 Gross Output: Annual Industry Estimates and Preliminary Benchmark I-O Estimates
32 Annual Input-Output Tables and the Health Care Industry, 1998-2004
70
G ross D om estic P roduct by Industry for 1 9 4 7 -8 6 : N ew E stim ates B ased on the
N orth A m erican Industry C lassification System
These new NAICS-based estimates show, among other trends, the economic shift from goodsproducing industries to services-producing industries since World War II.
77
Interpreting the Value-Added Price Index
RESEARCH LIBRARY
Federal Reserve Bank
of St. Louis
JAN 1 2 2006
w w w .b e a .g o v
II
86
D ecem b er 2 0 0 5
S ub ject G uide for 2005
This guide lists the articles that were published in the Survey in 2004.
88
S ched ule of B EA N ew s R eleases in 2006
D -1
B EA C urren t and H istorical Data
iii
D ire cto r’s M essage
iv
Taking A cco u n t
B EA W eb S ite and B EA C on tacts (inside back cover)
S ch ed u le of U pcom ing N ew s R eleases (b ack cover)
L o o k in g A h e a d . . .
State Personal Income. The estimates for the third quarter o f 2005 will be published in
the January Survey. These estimates will reflect the effects o f Hurricanes Katrina and Rita
on personal income in the Gulf Coast states.
iii
D ecem b er 2 0 0 5
D i r e c t o r ’s M e s s a g e ____________________
..................................... .........................................................— ■!■■■■■■.■■■■■....
....... ........................ ....... ..
M
I
................. .... ......................................
In this issue of the Survey of Current B usiness, we are pleased to
offer two articles that present new annual industry accounts data.
One article presents “backcasted” estimates of gross domestic
product (GDP) by industry for 1947-86 based on the North
American Industry Classification System. With these estimates,
BEA now offers a consistent analytical view of the economy from
1947 to 2004, which many researchers will find useful. Previously
published estimates for the 1947-86 period were based on the
Standard Industrial Classification system.
Another article offers our annual revision of the annual indus
try accounts, which include updated estimates for 2002-2004 for
the GDP-by-industry accounts and the input-output accounts.
For the first time, the annual revision includes updated estimates
of the KLEMS (K-capital, L-labor, E-energy, M-materials, S-purchased services) components of gross output.
As usual, the Survey also includes the Business Situation,
which details the “preliminary” estimates o f GDP and other mea
sures for the third quarter of 2005.
As the year comes to a close, I’d like to note that BEA plans to
continue to improve the Survey in 2006. In general, we would like
to better serve our customers by offering an easier-to-use, more
informative publication. We made some enhancements this year,
including this monthly message, and will build on that over the
next 12 months.
We would appreciate your suggestions and comments. Please
send them to me or James Kim, the editor-in-chief, at the follow
ing address: customerservice@bea.gov.
Happy Holidays!
iv
D ecem b er 2 0 0 5
T a k in g A c c o u n t
Schultz, Okubo Discuss
R&D Satellite Account
In 2006, the Bureau of Economic
Analysis (BEA) plans to publish
a preliminary research and de
velopment
satellite
account
(R&DSA) with funding from the
National Science Foundation.
The goal is to provide a frame
work that will capture the eco
nomic effects of investment in
R&D on the national income
and product accounts (NIPAs).
Toward this goal, BEA aims to
develop a method of estimating
returns to R&D investment. Pre
vious research by BEA Associate
Director for Industry Economics
Sumiye Okubo and former BEA
Chief Economist Barbara Fraumeni established a framework
for capitalizing R&D spending in
the NIPAs.
However, providing a specific
method of estimating returns
was beyond the scope of that re
search. Instead, the authors as
sumed, based on empirical
studies, that gross private re
turns were 25 percent and that
total social returns, which in
clude so-called spillover effects,
were 50 percent.
In a study presented this
month at a conference sponsor
ed by the National Bureau of
Economic Research’s Program
on Technological Progress and
Productivity
Measurement,
Okubo and BEA economist
Laura I. Schultz detailed a con
ceptual approach to estimating
gross private returns. The study
also applied the authors’ pro
posed approach to spillovers, the
value of research to entities that
did not originate the research.
(A measure of spillovers, how
ever, will not be part of the pre
liminary R&DSA.)
After considering four meth
ods of calculating returns,
Schultz and Okubo determined
that an approach pioneered by
Jeffrey Bernstein and M. Ishaq
Nadiri was most suitable for
BEA’s proposed R&D account.
Schultz and Okubo then de
signed a model that measures
the impact of multiple sources of
R&D on an industry’s produc
tivity by building on Bernstein
and Nadiri’s original cost func
tion in three ways. First, they
added the price of materials to
the cost function. Second, they
included foreign R&D stock as a
source of spillovers. Third, they
added a time variable to help ac
count for exogenous technologi
cal changes.
In addition, Schultz and
Okubo’s model will be based on
an expanded data set that in
cludes nine additional indus
tries and extends the time series
by 16 years.
Moyer, Guo Discuss Source
Data, Prices in China
Two BEA economists delivered
presentations at a seminar in
November in Xiamen, China.
The seminar was sponsored by
the Chinese National Bureau of
Statistics and the Organization
for Economic Cooperation and
Development.
Brian Moyer and Jiemin Guo
discussed the use of Economic
Census data in preparing the
NIPAs and BEA’s approach to
measuring quantity and price
changes in the NIPAs.
Updated Fixed Asset
Estimates Now Available
Revised tables of fixed assets are
now available on BEA’s Web site.
These tables present detailed
estimates of net stocks, deprecia
tion, and investment by type and
by
industry
for
private
residential and nonresidential
fixed assets.
To access these interactive ta
bles, go to < www.bea.gov/bea/
dn/FA2004/index.asp>.
Study of Oil Prices Based
on BEA Input-Output Data
In the October 2005 issue of
Business Econom ics , published by
the National Association for
Business Economics, economics
professors Lawrence R. Klein,
Vijaya G. Duggal, and Cynthia
Saltzman published a study of
oil price changes and their direct
and indirect effects on the rate of
inflation economy-wide. BEA
provided the data for the study
from its input-output tables.
1
D ecem b er 2 0 0 5
B u s in e s s S itu a tio n
Prelim inary Estim ates for Third Q uarter 2004
EAL gross domestic product (GDP) increased 4.3
percent in the third quarter o f 2005, according to
the “preliminary” estimates of the national income and
product accounts (NIPAs) (table 1 and chart l ) .1 The
preliminary estimate of GDP growth was 0.5 percent
age point more than the “advance” estimate released in
October, and it exceeded the 3.3-percent growth rate
R
1.
Three sequential GDP estimates for each quarter are
pre
pared— advance, preliminary, and final estimates. Each incorporates
increasingly comprehensive and improved source data. Detailed inform a
tion on BEA estimates, revisions, and accuracy can be found on BEA’s Web
site at < www.bea.gov/bea/about/infoqual.htm> and at < www.bea.gov/bea/
faq/national/gdp_accuracy.htm> .
Quarterly estimates in the NIPAs are expressed at seasonally adjusted
annual rates, unless otherwise specified. Quarter-to-quarter dollar changes
are differences between these published estimates. Percent changes are cal
culated from unrounded data and annualized.
reported for the second quarter of 2005. Despite the
upward revision to GDP, the overall pattern of growth
is similar to that shown in the advance estimate (see
“Revisions”).
•The increase in real GDP in the third quarter pri
marily reflected positive contributions from con
sumer spending, from investment in equipment
and software, from Federal Government spend
ing, and from residential fixed investment that
were partly offset by negative contributions from
Chart 1. Real Gross Domestic Product
Percent
10
PERCENT CHANGE FROM PRECEDING QUARTER
This article was p rep ared by C hristopher Swann an d
A ndrew E. Vargo.
Table 1. Real Gross Domestic Product and Components
[Seasonally adjusted at annual rates]
2004
IV
2004
2005
IV
I
II
III
3.8
3.3
4.3
3.3
4.3
3.5
3.4
4.2
b.b
5.5
3.6
2.6
5.3
2.8
7.9
3.6
2.3
10.b
3.6
3.3
Gross private domestic investment
6.8
8.6
-3.7
5.8
Fixed investment................................
Nonresidential..............................
Structures..................................
Equipment and software..........
Residential.....................................
Change in private inventories
7.2
10.4
4.7
12.4
1.6
7.0
5.7
-2.0
8.3
9.5
9.5
8.8
2.7
10.9
10.8
8.6
8.8
2.7
10.8
8.4
Exports...............................................
Goods.............................................
S ervices.........................................
Im ports...............................................
Goods.............................................
Services.........................................
7.1
3.7
15.5
11.3
13.0
3.1
7.5
5.3
12.5
7.4
8.2
3.7
10.7
16.0
-0.4
-0.3
-1.1
4.4
Government consumption
expenditures and gross
investment......................................
0.9
1.9
2.5
Federal...............................................
National defense..........................
Nondefense...................................
State and local...................................
-0.6
-3.3
5.2
1.8
2.4
3.0
1.1
1.6
2.4
3.7
-0.2
2.6
Gross domestic product (GDP)
3.3
Personal consumption expenditures
Durable goods...................................
Nondurable goods............................
S ervices.............................................
Share of
currentdollar
GDP
(percent)
Contribution to percent
change in real GDP
(percentage points)
Change from
preceding period
(percent)
2005
2005
III
I
II
3.8
3.3
4.3
III
100.0
3.01
2.44
2.35
2.97
70.2
0.4b
1.09
1.47
0.22
1.07
1.1b
0.64
0.74
0.97
0.8b
0.74
1.38
8.4
20.7
41.2
1.11
1.42 -0.63
2002
0.96
16.6
1.12
1.40
1.13
1.51
1.04 0.58
0.90
0.91
0.07 0.07
0.12 -0.05
0.83
0.92 0.64 0.83
0.09 0.54 0.62 O.bO
0.29 -2.14 -0.44
-0.03
16.8
10.7
2.7
8.0
6.1
-0.2
1.11 -0.25
-5.8
1.07 0.09
0.8 0.70 0.74
3.0 0.2b 0.37
1.08
0.22
-3.9
0.44 0.37 -0.01 -0.13
0.04 -0.34
2.1 -1.68 -1.14
3.3 -1.60 -1.05
0.15 -0.44
-3.9 -0.08 -0.10 -0.11
0.10
10.4
7.3
3.1
16.2
13.6
2.6
Net exports of goods and services
-0.98 -0.40
CONTRIBUTIONS TO 4.3-PERCENT INCREASE IN REAL GDP IN 2005:1
; R esidential Fixed Investm ent
C hange in Private Inventories
Exports
■
Im ports
3.2
0.17
8.1 -0.04
10.3 -0.16
3.6 0.12
0.4 0.21
0.47
0.60
19.0
0.17 0.17
0.14 0.17
0.03 -0.01
0.19 0.31
0.56
0.48
0.08
0.04
7.1
4.8
2.3
11.9
0.35
Note. Percent changes are from NIPA table 1.1.1, and contributions to percent change are from NIPA table 1.1.2.
Shares are from NIPA table 1.1.10.
2003
2004
2005
Based on seasonally adjusted annual rates
G overnm ent C onsum ption and Investm ent
-1
0
1
2
3
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
2
B u s i n e s s S itu a tio n
inventory investment and from imports.2
•The acceleration in real GDP growth primarily
reflected a smaller decrease in private inventory
investment and accelerations in consumer spending
and in Federal Government spending that were
partly offset by a deceleration in exports, an upturn
in imports, and a deceleration in state and local
government spending.
• Prices of goods and services purchased by U.S. resi
dents (gross domestic purchases) increased 4.0 per
cent in the third quarter, the same rate as in the
advance estimate, after an increase of 3.3 percent in
the second quarter. The acceleration was fueled
largely by a sharp acceleration in energy prices; food
prices decelerated. Excluding food and energy, gross
domestic purchases prices increased 2.1 percent, the
same as in the second quarter.
• Real disposable personal income decreased 0.7 per
cent in the third quarter after increasing 0.2 percent
in the second quarter.
The preliminary estimates reflect the disruptions to
economic activity and to incomes from the recent hur
ricanes. Third-quarter GDP was not directly affected
by the insurance transactions associated with Hurri
cane Katrina and Hurricane Rita that struck the Gulf
states in August and September, because of the treat
ment o f insurance services that the Bureau of Eco
nomic Analysis (BEA) introduced as part o f its 2003
comprehensive revision of the NIPAs.3 Estimates of
other, indirect effects o f the hurricanes are not avail
able, because the effects may occur with a lag or be
cause they cannot be disentangled from the regular
source data that BEA uses to prepare the GDP esti
mates. However, some income flows were affected by
the hurricanes, and the estimates of those effects have
been prepared.4 (See the box “The Impact of the
Third-Quarter Hurricanes on the NIPAs” on page 4.)
Real inventory investment subtracted 0.44 percent
age point from real GDP growth in the third quarter
after subtracting 2.14 percentage points in the second
quarter. Businesses reduced inventory investment by
$11.7 billion after a reduction o f $59.9 billion in the
second quarter. A downturn in inventory investment
2. In this article, “consumer spending” is shorthand for the NIPA series
“personal consumption expenditures,” “government spending” is short
hand for “government consumption expenditures and gross investment,”
and “inventory investment” is shorthand for “change in private invento
ries.”
3. See Brent R. Moulton and Eugene P. Seskin, “Preview of the 2003 C om
prehensive Revision of the National Income and Product Accounts:
Changes in Definitions and Classifications,” Survey o f C urrent B usiness 83
(June 2003): 1 7 -3 4 ; and Baoline Chen and Dennis J. Fixler, “Measuring the
Services of Property-Casualty Insurance in the NIPAS: Changes in C on
cepts and Methods,” Survey 83 (October 2003): 10-26.
4. For an explanation of how the NIPAs are affected by disasters, see
< www.bea.gov/bea/faq/national/FAQ.htm> on BEA’s Web site.
D ecem b er 2 0 0 5
by mining, utilities, and construction industries and a
reduction in inventory investment by wholesale trade
were partly offset by an upturn in durable-goods man
ufacturing.
Real consumer spending increased 4.2 percent in
the third quarter, contributing 2.97 percentage points
to real GDP growth, after increasing 3.4 percent in the
second quarter and contributing 2.35 percentage
points to real GDP growth. The acceleration primarily
reflected accelerations in spending for motor vehicles
and parts, for food, for furniture and household equip
ment, for medical care services, and for “other” ser
vices that were partly offset by a downturn in “other”
durable goods.
Real government spending increased 3.2 percent in
the third quarter and contributed 0.60 percentage
point to real GDP growth after increasing 2.5 percent
in the second quarter and contributing 0.47 percentage
point to growth. Federal Government spending in
creased 8.1 percent and contributed 0.56 percentage
point to real GDP growth after increasing 2.4 percent;
the acceleration was due to a step-up in Federal de
fense spending and to an upturn in Federal spending
on nondefense goods and services. State and local gov
ernment spending increased 0.4 percent and contrib
uted 0.04 percentage point to real GDP growth; in the
second quarter, it increased 2.6 percent and contrib
uted 0.31 percentage point to real GDP growth. The
deceleration was primarily due to a downturn in in
vestment in structures.
Real exports increased 0.8 percent in the third quar
ter, contributing 0.09 percentage point to real GDP
growth, after increasing 10.7 percent and contributing
1.07 percentage points. The deceleration follows three
successive quarters of accelerating growth, and it pri
marily reflected downturns in civilian aircraft, engines,
and parts, in industrial supplies and materials, and in
foods, feeds, and beverages. Services exports decreased
more in the third quarter than in the second quarter.
Real imports of goods and services turned up, in
creasing 2.1 percent and reducing real GDP growth by
0.34 percentage point after decreasing 0.3 percent in
the second quarter. An upturn in goods imports was
partly offset by a downturn in services imports.
The preliminary estimates for the third quarter also
show the following:
• Business investment in equipment and software
increased 10.8 percent and contributed 0.83 per
centage point to real GDP growth after increasing
10.9 percent in the second quarter. An upturn in
investment in industrial equipment was partly off
set by decelerations in investment in computers and
peripheral equipment, in software, in transporta
tion equipment, and in “other” equipment.
D ecem b er 2 0 0 5
Su r v ey
of
C
• Business investment in structures increased 2.7 per
cent, the same as in the second quarter. An upturn
in “other” structures, a smaller decrease in power
and communication structures, and an acceleration
in commercial and health care structures were
partly offset by a deceleration in investment in min
ing exploration, shafts, and wells and by a larger
decrease in investment in manufacturing structures.
• Residential fixed investment increased 8.4 percent
and contributed 0.50 percentage point to real GDP
growth after increasing 10.8 percent in the second
quarter and contributing 0.62 percentage point to
real growth. A deceleration in “other” structures
was partly offset by a sharp acceleration in single
family homes.
• Real final sales of domestic product (real GDP less
the change in private inventories) increased 4.7 per
cent after an increase of 5.6 percent in the second
quarter.
• Real gross domestic purchases (real GDP less net
exports of goods and services) increased 4.3 percent
after an increase of 2.1 percent in the second quar
ter.
• The production of both goods and services acceler
ated, but production of structures decelerated (table
2 ).
•Motor vehicle output increased 17.5 percent,
revised up from a 15.0-percent increase in the
advance estimate; in the second quarter, it decreased
0.3 percent.
• Real final sales of computers (sales of domestically
urren t
B u s in e s s
3
produced computers less inventory change)
increased 20.8 percent, adding 0.17 percentage
point to real GDP growth after a 45.4-percent
increase in the second quarter.
•The gross saving rate (saving from all sources as a
percentage o f gross national income) was 13.3 per
cent in the third quarter; in the second quarter, it
was 13.2 percent (revised). In the third quarter, the
personal saving rate was a negative 1.5 percent,
revised down 0.4 percentage point; it was a negative
0.2 percent (revised) in the second quarter.
Table 2. Real Gross Domestic Product by Type of Product
[Seasonally adjusted at annual rates]
Change from
preceding period
(percent)
2004
IV
Gross domestic product (GDP)
Final sales of domestic
product..............................
Change in private
inventories.......................
Goods........................................
Services....................................
Structures.................................
2005
I
II
Contribution to percent
change in real GDP
(percentage points)
2004
III
3.3
3.8 3.3 4.3
3.3
3.5
5.6
4.7
3.9
3.2
2.2
4.4
3.2
5.2
5.0
1.5
8.4
5.8
3.5
4.0
8.8
3.1
4.3 -0.3 17.5
3.8 3.4 3.8
2005
Share of
currentdollar
GDP
(percent)
2005
I
II
III
III
3.8
3.3
4.3
100.0
3.33 3.51
5.45
4.73
100.2
-0.03 0.29 -2.14 -0.44
-0.2
IV
3.3
1.26 1.41
1.82 1.86
0.23 0.53
1.58
0.88
0.85
1.85
2.01
0.43
31.8
57.5
10.7
0.29 0.15 -0.01
3.01 3.66 3.32
0.56
3.73
3.5
96.6
Addenda:
Motor vehicle output.........................
GDP excluding motor vehicle output
Final sales of computers.................
GDP excluding final sales of
computers.....................................
56.5 54.9 45.4 20.8
3.0
3.b
3.0
4.2
0.36 0.37
0.32
0.17
0.9
2.9b 3.44
2.98
4.12
99.2
Note. Percent changes are from NIPA table 1.2.1, and contributions to percent change are from NIPA table
1.2.2. Shares are calculated from NIPA table 1.2.5.
Personal C onsum ption Expenditures, p ag e 5.
B u s i n e s s S itu a tio n
4
D ecem ber
2005
The Impact of the Third-Quarter Hurricanes on the NIPAs
Natural disasters—such as Hurricanes Katrina, Rita, and
Wilma, which struck the Gulf region in August, September,
and October—have two main economic effects: The
destruction of property and the disruption of the flows of
production, income, and spending. These effects are
reflected in the Bureau of Economic Analysis (BEA) national
income and product accounts (NIPAs) in a variety of ways.
G ross d o m estic product and net d o m estic product
Direct effects. As a measure of current production, gross
domestic product (GDP) is not directly affected by the
destruction of previously produced property. While GDP
does include estimates of the value of insurance services,
these estimates are not directly affected by natural disasters
under BEA’s methodology for treating insurance services.
The destruction of private property generally leads to an
increase in the NIPA depreciation measure, consumption of
fixed capital (CFC), which captures the loss in value of fixed
assets as a result of damage. Net domestic product (NDP) is
defined as GDP less CFC; thus, an increase in CFC, all other
items being equal, leads to a decline in NDP.
Hurricane Damages and Insurance Settlements
for Third Quarter 20051
[Billions of dollars; quarterly estim ates at annual ra te s ]2
Total
effect
Line
Damage
Insurance
to fixed
benefits3
assets
1
0.0
0.0
2
317.6
317.6
-317.6
-317.6
0.0
-14.0
-42.0
27.9
5
6
7
8
9
10
11
Rental income of persons with CCAdj.......................................... -68.1
Corporate profits with IVA and CCAdj.......................................... -151.2
-185.9
-75.2
117.7
-76.0
-250.0
58.1
80.4
12
13
14
15
16
17
-69.7
18
19
20
-14.6
-0.4
-14.2
-14.6
-0.4
-14.2
-151.2
-75.2
3 Equals: Net domestic product/national income......................
4
21
22
Proprietors’ income with CC A dj....................................................
0.0
3.6
32.0
-69.7
42.5
-75.8
-80.4
4.6
-36.4
Less: Corporate profits with CCAdj..................................................
-76.0
Business current transfer payments to governments and to
23
-112.2
-14.6
-14.6
24
-39.7
-227.8
188.1
-39.7
-14.0
-68.1
42.5
-227.8
-42.0
-185.9
188.1
27.9
117.7
42.5
?5
26
27
28
Addenda;
Personal income..............................................................................
Proprietors’ income with CC A dj...............................................
Rental income of persons with C C A dj....................................
Net insurance settlements to persons.....................................
-112.2
1. Includes only explicit adjustments to source data for write-offs of nonrepayable damage and for insurance.
Excludes effects that are assumed to be reflected in source data.
2. The estimates of the actual damages and insurance settlements (not at an annual rate) can be derived by
dividing the numbers shown in the table by 4; actual damages to fixed assets in personal income, for example,
are estimated to be $57.0 billion ($227.8 billion at an annual rate).
3. Includes business interruption insurance.
4. Includes benefits paid to persons for the loss of personal prpoerty, such as motor vehicles and household
furnishings and equipment.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
N ote. Estimates in this table reflect the “preliminary” GDP release on November 30, 2005.
Indirect effects. Hurricanes and other disasters indirectly
affect GDP in several ways. For example, consumer spend
ing may drop in the Gulf region. This drop would be
reflected in Census Bureau data on retail sales, which BEA
uses to produce its consumer spending estimates. Also, gov
ernment aid will likely rise, which would be reflected in the
source data BEA uses to estimate government social benefits.
Some effects may be spread out over time. Rebuilding
activity, which may occur over many months following a
disaster, will be reflected in the source data used by BEA to
estimate residential and nonresidential investment. Also,
tourism and other types of consumer spending may be can
celed or postponed because of a disaster.
These indirect effects on GDP cannot be specifically
quantified, because the source data that BEA uses generally
do not isolate the specific effects of disasters.
Incom e m easu res
Natural disasters affect various income measures in the fol
lowing ways:
• Rental income of persons and nonfarm proprietors’
income are both reduced. Both measures are adjusted for
depreciation, which generally rises as a result of property
damage. In the third quarter, rental income was reduced
$68.1 billion, reflecting $185.9 billion in property dam
ages netted against $117.7 billion in insurance benefits
received (see the table). Proprietors’ income was reduced
$14 billion, reflecting $42.0 billion in property damages
netted against $27.9 billion in insurance benefits received.
These measures can also be reduced by lower actual rent
payments as a result of damaged property, but this
amount tends to be small.
• Corporate profits are reduced in two ways. First, property
and casualty insurance companies incur higher expenses,
and thus lower profits, as they pay more to settle claims.
Second, because BEA adjusts corporate profits for depre
ciation, the destruction of uninsured business property
often reduces profits. In the third quarter, profits were
reduced by $151.2 billion, reflecting $75.2 billion in dam
ages to fixed assets and a $76.0 billion increase in net
insurance payments.
• Business current transfer payments are changed for three
reasons. First, payments to persons increase, as insurance
companies pay benefits to cover damaged autos and other
consumer durable goods. Second, payments to govern
ments reflect higher insurance benefits as a result of
destroyed government property netted against benefits
paid by government insurance funds and agencies,
including the National Flood Insurance Program. Third,
insurance benefits paid to foreign entities are netted
against those received from foreign entities, usually pay
ments by foreign reinsurance companies. Overall, busi
ness current transfer payments were reduced $69.7 billion
in the third quarter.
C hristopher Swann
D ecem b er 2 0 0 5
Survey
C
of
urren t
B u s in e s s
5
Personal C on sum ption E xpen ditures
Real personal consumption expenditures accelerated,
increasing 4.2 percent in the third quarter after in
creasing 3.4 percent in the second quarter (table 3 and
chart 2). Spending for services and for durable goods
accelerated in the third quarter; growth in spending for
nondurable goods was the same as in the second quar
ter.
Durable goods. Spending for durable goods in
creased 10.5 percent in the third quarter, contributing
0.85 percentage point to real GDP growth, after in
creasing 7.9 percent in the second quarter. Purchases of
motor vehicles and parts accelerated, increasing 15.1
percent after increasing 7.5 percent. Purchases of
trucks and recreational vehicles accelerated, and pur
chases of used cars turned up after a sharp downturn
in the second quarter. In contrast, purchases of new
cars decelerated, and spending for parts turned down.
Consumer spending for furniture and household
equipment accelerated, increasing 13.3 percent after
increasing 5.8 percent in the second quarter. The accel
eration mostly reflected an acceleration in spending for
furniture and household equipment excluding com
puters.
Nondurable goods. Spending for nondurable goods
increased 3.6 percent in the third quarter, the same as
Chart 2. Real Personal Consumption Expenditures
Table 3. Real Personal Consumption Expenditures
Percent
[Seasonally adjusted at annual rates]
Change from
preceding period
(percent)
2004
IV
Personal consumption
expenditures (PCE)
Contribution to percent
change in real PCE
(percentage points)
2005
I
II
PERCENT CHANGE FROM PRECEDING QUARTER
2004
III
IV
2005
I
II
Share of
currentdollar
PCE
(percent)
2005
III
III
4.3
3.5
3.4
4.2
4.3
3.5
3.4
4.2
100.0
Durable goods........................
5.5
2.6
7.9
10.5
0.65
0.31
0.92
1.21
11.9
Motor vehicles and parts......
Furniture and household
equipment..........................
O th er1.....................................
2.8
-8.0
7.5
15.1
0.15 -0.44
0.39
0.76
5.3
7.0
8.9
11.3
13.2
5.8
12.9
13.3
-3.7
0.30
0.20
0.25 0.54
0.29 -0.09
4.2
2.3
Nondurable goods.................
5.5
5.3
3.6
3.6
1.57
1.52
1.05
1.06
29.5
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
O ther2.....................................
6.6
9.4
5.2
5.6
4.3
7.3
6.7
3.0
0.90
0.37
0.72
0.22
0.60
0.28
0.91
0.12
13.9
3.9
3.4
2.5
9.5
3.7
-4.6
4.2
-5.1
2.8
0.10
0.20
3.3
2.12
Services...................................
3.6
2.8
2.3
Housing...................................
Household operation.............
Electricity and gas.............
Other household operation
Transportation........................
Medical care...........................
Recreation...............................
O ther3.....................................
2.8
9.1
27.4
-1.4
-0.5
4.5
0.7
3.0
2.2
1.9
1.3
2.4
2.3
4.4
4.9
1.2
2.1
-0.5
-5.1
2.8
2.3
4.2
0.8
1.9
1.9 0.42
3.1 0.48
2.9 0.53
3.3 -0.05
1.5 -0.02
5.5 0.77
0.8 0.03
3.5 0.42
0.46
0.29
0.30 -0.15 -0.19
0.29 0.33 0.22
1.64
3.8
7.8
1.39
1.97
58.6
0.33 0.32
0.11 -0.03
0.03 -0.12
0.08 0.09
0.08 0.08
0.76 0.72
0.20 0.03
0.16 0.26
0.28
0.17
0.07
0.10
0.06
0.94
0.03
0.48
14.6
5.5
2.3
3.2
3.7
17.2
4.0
13.7
1. 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.
2. 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 news
papers.
3. Includes personal care, personal business, education and research, religious and welfare activities, and
net foreign travel.
Note. Percent changes are from NIPA table 2.3.1, and contributions to percent change are from NIPA table
2.3.2. Shares are calculated from NIPA table 2.3.5.
2002
2003
1
2004
2005
Based on seasonally adjusted annual rates
CONTRIBUTIONS TO 4.2-PERCENT INCREASE IN
REAL PERSONAL CONSUMPTION EXPENDITURES IN 2005:1
1
2
Percentage points at an annual rate
U.S. Bureauof EconomicAnalysis
6
B u s i n e s s S itu a tio n
in the second quarter, and contributed 0.74 percentage
point to third-quarter real GDP growth. Purchases of
food accelerated, increasing 6.7 percent after increas
ing 4.3 percent in the second quarter. Real spending for
“other” nondurable goods and for clothing and shoes
decelerated, and real spending for gasoline, fuel oil,
and other energy goods decreased more in the third
quarter than in the second quarter.
Services. Consumer spending for services increased
3.3 percent and contributed 1.38 percentage points to
real GDP growth in the third quarter after increasing
2.3 percent. The acceleration primarily reflected accel
erations in spending for medical care services and for
“other” services. Spending for electricity and gas
turned up.
Selected factors. Conditions frequently considered
in the analysis of consumer spending were somewhat
mixed in the third quarter (chart 3). Real disposable
personal income decreased 0.7 percent in the third
quarter after increasing 0.2 percent (revised) in the
second quarter, but the decrease reflected the effects of
the hurricanes on major personal income components.
The unemployment rate stepped down slightly to 5.0
percent in the third quarter from 5.1 percent in the
second quarter; it has declined steadily since a peak of
6.1 percent in the third quarter o f 2003. In contrast,
the Index of Consumer Sentiment (prepared by the
University of Michigan’s Survey Research Center) de
creased for the third successive quarter.
D ecem b er 2 0 0 5
Chart 3. Selected Factors Affecting
Consumer Spending
Percent change
15
REAL DISPOSABLE PERSONAL INCOME’
10
5
0
l.l
■ 1_
- I ■ 1
11 1
J
1-
1
1 ■ 11 . 1 . 1 . 1 , 1 - 1 _ !
-5
Percent
10
UNEMPLOYMENT RATE
2002
2003
2004
2005
1. Based on seasonally adjusted annual rates.
2. All civilian workers, seasonally adjusted. Data: U.S. Bureau of Labor Statistics
3. Data: University of Michigan's Survey Research Center
U.S. Bureau of Economic Analysis
D ecem b er 2 0 0 5
Survey
of
C
urren t
7
B u s in e s s
Private Fixed Investm ent
Real private fixed investment increased 8.6 percent in
the third quarter and contributed 1.40 percentage
points to real GDP growth after increasing 9.5 percent
in the second quarter and contributing 1.51 percentage
points to real GDP growth (table 4 and chart 4)
Nonresidential. Real private nonresidential fixed
investment increased 8.8 percent, the same rate of
growth as in the second quarter, and contributed 0.91
percentage point to real GDP growth. Investment in
equipment and software increased 10.8 percent and
contributed 0.83 percentage point to real GDP growth.
Investment in structures increased 2.7 percent and
contributed 0.07 percentage point to real growth.
Equipment and software investment increased 10.8
percent and contributed 0.83 percentage point to real
GDP growth after increasing 10.9 percent in the sec
ond quarter. An upturn in investment in industrial
equipment was partly offset by a deceleration in invest
ment in computers and peripheral equipment, in soft
ware, in transportation equipment, and in “other”
equipment.
Within structures, an upturn in investment in
“other” structures, a smaller decrease in investment in
power and communication structures, and an acceler
ation in investment in commercial and health care
structures were partly offset by a deceleration in invest
ment in mining exploration, shafts, and wells and by a
Table 4. Real Private Fixed Investment
[Seasonally adjusted at annual rates]
Change from
preceding period
(percent)
2004
IV
Private fixed investment
(PFI)..................................
Nonresidential.............................
Structures................................
II
7.0
10.4 5.7
4.7 -2.0
Commercial and health care
Manufacturing........................
Power and communication....
Mining exploration, shafts,
and w ells............................
Other structures' ...................
-8.4
94.2
-5.8
Equipment and software.......
12.4
Information processing
equipment and software....
Computers and peripheral
equipment......................
Software2...........................
O ther3.................................
Industrial equipment..............
Transportation equipm ent.....
Other equipm ent4..................
9.2
Permanent site.......................
Single family.......................
Multifamily..........................
Other structures5...................
0.6
0.0
6.8
3.0
2005
Share of
currentdollar
PFI
(percent)
I
II
III
III
9.5
8.6
7.2
7.0
9.5
8.6
100.0
8.8
2.7
8.8 6.59 3.64 5.66 5.58
2.7 0.75 -0.32 0.44 0.45
63.7
16.1
0.21 0.03 0.21
0.11 -0.03 -0.16
0.09 -0.51 -0.27
0.64
0.02
4.1
2.9
47.7
2.15
14.5
9.5 10.8
9.6 11.0
14.2
11.3
45.3
2.3
3.8
3.6
5.1
23.9
8.8 -0.3
1.2
3.31
2.85
23.4
12.7 1.71 1.94 1.46
12.9 0.58 1.35 1.80
11.5 -0.14 1.14 0.05
16.6 0.38 1.40 -1.62
12.4 2.45 -0.99 2.07
0.6 0.8b -0.88 1.46
0.63
1.21
1.01
1.21
1.02
0.06
5.0
9.6
8.9
7.6
8.4
8.3
8.4 0.59 3.36 3.88 3.05
8.5 0.55 3.36 3.88 3.04
36.3
35.9
12.3
9.1
9.6
4.6
7.6
0.14
0.00
0.14
0.41
1.8 0.04
4.43
3.06
2.23
0.83
0.31
0.00
0.87
0.75
0.12
3.01
2.01
1.91
0.10
1.04
22.3
20.1
2.2
13.5
0.01
0.01
0.4
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and
recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photo
copy and related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and
oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures,
and brokers’ commissions on the sale of residential structures.
N ote. Percent changes are from NIRft table 5.3.1, and contributions to percent change are from NIPA table
5.3.2. Shares are calculated from NIPA table 5.3.5.
PERCENT CHANGE FROM PRECEDING QUARTER
10
6.2
1.0
1.8
8.3 10.9 10.8 5.83 3.96 5.22 5.14
20.3
17.7 0.87 -0.13 1.21
0.7 -0.12 -0.60 -0.26
Percent
20
15
IV
40.9
-8.2
Chart 4. Real Private Fixed Investment
2005
III
39.9 45.5 31.7
6.1 15.2 20.1
0.5
-1.5 13.0
4.8 18.8 -18.9
32.8 -11.2 27.4
10.2 -10.0 18.b
1.6
1.5
2004
3.3
0.5
3.4 -0.57
9.9 -2.9 -13.8 0.69
4.5 -22.8 -13.7 -0.12
32.7 -3.9
-3.5 -17.1
Residential...................................
Structures................................
Equipment................................
2005
I
7.2
Contribution to percent
change in real PFI
(percentage points)
I
I
-5
-1 0
2002
2003
2004
2005
Based on seasonally adjusted annual rates
CONTRIBUTIONS TO 8.6-PERCENT INCREASE IN
REAL PRIVATE FIXED INVESTMENT IN 2005:IH
- 1
0
1
2
3
4
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
8
B u s i n e s s S itu a tio n
larger decrease in investment in manufacturing struc-
tures-
Several conditions that are frequently considered in
the analysis of real fixed investment have generally
been favorable in recent quarters (chart 5). The capac
ity utilization rate for manufacturing, mining, and
utilities was unchanged at 78.1 in the third quarter, but
it has previously increased steadily since the beginning
of the current recovery, reflecting growth in industrial
output. After increasing in the preceding three quar
ters, corporate profits of domestic industries decreased
$63.4 billion (5.5 percent) in the third quarter. How
ever, the third-quarter estimates of profits include the
impact of the hurricanes on key income components
that affect the calculation of profits; on a year-over
year basis, profit growth exceeded 16 percent. The
yield on AAA corporate bonds decreased 5 basis
points, the fifth successive decrease since the second
quarter of 2004. Following the general pattern of
longer term rates in the yield curve, AAA corporate
rates have declined 83 basis points since the second
quarter of 2004. Real final sales of domestic product
decelerated somewhat, increasing 4.7 percent in the
third quarter after increasing 5.6 percent in the second
quarter. However, at a third-quarter rate of 8.8 percent,
growth in private fixed investment exceeded increases
in real final sales as it has since the second quarter of
2003.
Residential. Real private residential investment in
creased 8.4 percent and contributed 0.50 percentage
point to real GDP growth, after increasing 10.8 percent
in the second quarter. The deceleration primarily re
flects a deceleration in “other” structures that was
partly offset by a sharp acceleration in single-family
structures.
D ecem b er 2 0 0 5
chart 5. Selected Factors Affecting Nonresidential
Investment
Percent
160
CORPORATE PROFITS, CHANGE FROM
PRECEDING QUARTER2
■
80
1
1
■
1
_
■
1 1 , 1
1
-8 0
■
I I I ,
1
Percent
10
REAL FINAL SALES OF DOMESTIC PRODUCT,
PERCENT CHANGE FROM PRECEDING
QUARTER
ARTER
■
>.
l l l l l l l l l l l
Percent
1. All industries. Data: Federal Reserve Board
2. Domestic industries.
3. Data: Federal Reserve Board
U.S. Bureau of Economic Analysis
D ecem b er 2 0 0 5
Survey
of
C
urren t
B u s in e s s
9
Inventory Investm ent
Real inventory investment decreased $11.7 billion in
the third quarter after decreasing $59.9 billion (table 5
and chart 6). The pattern of change in nonfarm inven
tory investment varied across industries.
Manufacturing inventories decreased less in the
third quarter than in the second quarter, decreasing
Table 5. Real Change in Private Inventories by Industry
[Billions of chained (2000) dollars; seasonally adjusted at annual rates]
Change from
preceding quarter
Level
2004
2004
2005
III
IV
I
I
50.4
50.1
58.2
-1.7 -13.4
-0.3
8.1 -59.9 -11.7
Farm.................................................
6.3
-0.2
Mining, utilities, and construction
7.1
3.3
-2.3
-4.2
-4.4
-6.5
-2.1
-1.9
-0.2
2.0
5.0
-4.2
-3.8
-1.3
3.0
Manufacturing..................................
Durable-goods industries
Nondurable-goods industries....
6.5
8.2
-1.5
-9.2
1.5
2.7
-1.0
25.1
18.2
7.1
-8.4
-2.9
-5.2
-3.0
7.3
-9.1
-5.0
-5.5
0.5
23.6 -33.5
15.5 -21.1
8.1 -12.3
5.4
10.2
-3.9
Wholesale trade..............................
Durable-goods industries
Nondurable-goods industries....
34.4
28.2
6.8
25.6
17.7
8.0
23.3
15.2
8.1
16.2
13.5
3.0
10.6 -8.8
8.4 -10.5
2.4
1.2
-7.1
-1.7
-5.1
-5.6
-5.1
-0.6
Retail trade...................................... -10.2
Motor vehicle and parts dealers -17.0
Food and beverage stores......... -0.2
1.4
General merchandise stores
Other retail stores.......................
4.6
17.0
-3.2
0.6
6.6
12.6
7.0 -13.7 -12.4
-4.5 -24.4 -16.8
-0.4
0.4 -0.4
5.4
3.9
0.9
6.1
7.9
0.0
27.2 -10.0 -20.7
13.8 -1.3 -19.9
0.8 -1.0
0.8
5.2 -1.2 -4.5
8.0 -6.5
1.8
1.3
7.6
-0.8
3.0
-7.9
4.3
2.2
3.8
-0.8
3.4
-0.1
3.0
1.3
1.2
-1.7
-0.5
-3.0
-1.8
-3.0
2.47
2.47
2.47
2.42
2.39
2.27
2.27
2.27
2.23
2.20
3.61
3.61
3.62
3.52
3.47
Change in private
inventories......................
Other industries...............................
Residual1........................................
III
2005
IV
II
-2.3
-2.5
0.1
-0.4
0.7
II
-0.4
1.4
III
Addenda: Ratios of private
inventories to final sales of
domestic business:
Private inventories to final sales
Nonfarm inventories to final
sales........................................
Nonfarm inventories to final
sales of goods and structures
1. The residual is the difference between the first line and the sum of the most detailed lines. It reflects the
fact that chained-dollar estimates are usually not additive, because the quantity indexes on which they are
based embody weights of more than one period.
Note. Real change in private inventories is from NIPA table 5.6.6B, and ratios of private inventories to final
sales of domestic business are from NIPA table 5.7.6B.
Chart 6. Real Private Inventory Investment:
Change from Preceding Quarter
Billion chained (2000) $
80
60
40
20
0
-2 0
-4 0
-6 0
-8 0
2002
2003
2004
2005
Based on seasonally adjusted annual rates
U.S. Bureau of Economic Analysis
$3.0 billion after decreasing $8.4 billion. Nondurablegoods inventories decreased more in the third quarter
than in the second quarter, but the decrease was partly
offset by an upturn in durable-goods inventories. The
larger decrease in third-quarter nondurable-goods in
ventories was primarily due to a larger decrease in
chemical inventories and to downturns in paper inven
tories and in food inventories that were partly offset by
an upturn in petroleum inventories. Durable-goods
inventories turned up, increasing $7.3 billion after de
creasing $2.9 billion. The upturn was primarily due to
upturns in the inventories of “other” transportation
equipment manufacturing and in computer and elec
tronic product manufacturing.
Mining, utilities, and construction inventories de
creased $4.2 billion after increasing $5.0 billion, the
first downturn since the first quarter of 2004.
Wholesale trade inventories increased $10.6 billion
after increasing $16.2 billion in the second quarter,
reflecting decelerations in both durable-goods whole
salers and in nondurable-goods wholesalers. The de
celeration in the inventories o f durable-goods
wholesalers was primarily due to downturns in the
inventories of motor vehicle wholesalers and of “other”
professional and commercial equipment wholesalers.
The deceleration in the inventories of nondurablegoods wholesalers reflected a deceleration in the
inventories of “miscellaneous nondurable-goods
wholesalers” and a larger decrease in the inventories of
petroleum and petroleum products wholesalers.
Retail trade inventories decreased $12.4 billion in
the third quarter after decreasing $13.7 billion in the
second quarter. A smaller decrease in the inventories of
motor vehicle dealers and an acceleration in invento
ries of general merchandise retailers were mostly offset
by a deceleration in inventories of “other” retail stores.
The ratio of nonfarm inventories to final sales,
which includes all final sales of domestic business in
cluding services, decreased slightly in the third quarter
to 2.20 from 2.23. The ratio of real private nonfarm in
ventories to final sales of goods and structures stepped
down to 3.47 from 3.52; in this ratio, services are re
moved from the denominator, implying that services
generate zero impact on inventory investment.5 How
ever, both measures have been declining over the last
several decades.
5. Using 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, using 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 sub
stantial inventories, while production of other services may not.
Exports and Imports, next page.
10
B u s i n e s s S itu a tio n
D ecem b er 2 0 0 5
E xp o rts and Im ports
Real exports of goods and services decelerated sharply
in the third quarter, and real imports o f goods and ser
vices turned up (table 6).
Real exports of goods and services increased 0.8 per
cent and contributed 0.09 percentage point to real
GDP growth after increasing 10.7 percent (chart 7).
The deceleration primarily reflected downturns in ci
vilian aircraft, engines, and parts, in industrial supplies
and materials, and in foods, feeds, and beverages that
were partly offset by a sharp upturn in automotive ve
hicles, engines, and parts.
Services exports decreased 3.9 percent after decreas
ing 0.4 percent, primarily reflecting a downturn in
travel that was partly offset by a smaller decrease in
“other” private services.
Real imports o f goods and services increased 2.1
percent, subtracting 0.34 percentage point from real
GDP growth, after decreasing 0.3 percent in the second
quarter (chart 8). The upturn reflected an upturn in
goods imports that more than offset a downturn in
services imports.
Goods imports increased 3.3 percent after decreas
ing 1.1 percent in the second quarter. The upturn pri
marily reflected a smaller decrease in petroleum and
Table 6. Real Exports and Imports of Goods and Services
[Seasonally adjusted at annual rates]
Contribution to percent change in real exports and
imports (percentage points)
Change from preceding period (percent)
2004
2004
2005
IV
I
II
IV
III
2005
I
II
Share of currentdollar exports and
imports (percent)
2005
III
III
Exports of goods and services......................................................
Exports of goods1...................................................................................
7.1
3.7
7.5
5.3
10.7
16.0
0.8
3.0
7.1
2.59
7.5
3.70
10.7
10.84
0.8
2.05
100.0
69.8
Foods, feeds, and beverages.....................................................................
Industrial supplies and materials................................................................
Capital goods, except automotive.............................................................
Automotive vehicles, engines, and parts..................................................
Consumer goods, except automotive........................................................
O ther..............................................................................................................
27.6
1.6
-0.4
4.8
17.7
-17.5
-8.8
0.2
4.9
3.3
16.6
38.4
32.0
15.9
24.2
-4.5
3.0
17.3
-19.6
-4.6
3.4
21.0
7.2
31.8
1.17
0.28
-0.12
0.37
1.48
-0.60
-0.42
0.04
1.35
0.26
1.42
1.06
1.36
2.72
6.27
-0.33
0.27
0.55
-1.03
-0.83
0.94
1.41
0.61
0.95
4.6
17.6
27.7
7.5
8.9
3.5
Exports of services1...............................................................................
15.5
12.5
-0.4
-3.9
4.52
3.76
-0.12
-1.21
30.2
Imports of goods and services......................................................
Imports of goods1....................................................................................
11.3
13.0
7.4
8.2
-0.3
-1.1
2.1
3.3
11.3
10.79
7.4
6.81
-0.3
-0.96
2.1
2.77
100.0
84.1
Foods, feeds, and beverages.....................................................................
Industrial supplies and materials, except petroleum and products........
Petroleum and products..............................................................................
Capital goods, except automotive.............................................................
Automotive vehicles, engines, and parts..................................................
Consumer goods, except automotive........................................................
O ther...............................................
4.4
8.7
45.1
8.5
1.8
18.5
-3.9
5.2
2.8
3.4
4.2
0.0
19.1
32.5
-0.1
-5.6
-24.5
24.8
-1.1
0.0
-22.1
15.2
-4.0
-3.1
3.9
18.2
-3.7
32.0
0.15
1.17
4.12
1.65
0.23
3.64
-0.18
0.18
0.37
0.38
0.80
-0.01
3.73
1.34
0.00
-0.74
-3.15
4.20
-0.13
0.00
-1.14
0.48
-0.51
-0.39
0.73
1.98
-0.76
1.25
3.4
12.5
13.2
18.8
11.9
19.8
4.6
3.1
3.7
4.4
-3.9
0.54
0.63
0.70
-0.64
16.0
21.6
2.3
9.0
-6.8
6.3
8.9
28.6
15.1
3.1
-8.5
4.0
4.5
Imports of services1.....................
Addenda:
Exports of agricultural goods2 ...................................................................
Exports of nonagricultural goods...............................................................
Imports of nonpetroleum goods.................................................................
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods.
Note. Percent changes are from NIPA table 4.2.1, and contributions to percent change are from NIPA table 4.2.2. Shares are calculated from NIPA table 4.2.5.
51
64.7
70 9
December 2005
Survey
of
11
C urrent B usiness
products and upturns in “other” imports and in automotive vehicles, engines, and parts that were partly offset by a deceleration in “other” nonautomotive capital
goods and by a downturn in civilian aircraft, engines,
and parts.
Imports of services decreased 3.9 percent after in
creasing 4.4 percent in the second quarter. The largest
contributor to the downturn was travel.
Chart 7. Real Exports
Chart 8. Real Imports
Percent
Percent
20
PERCENT CHANGE FROM
PRECEDING QUARTER
PERCENT CHANGE FROM PRECEDING QUARTER
15
2 0 0 2
2 0 0 3
2 0 0 4
2 0 0 5
Based on seasonally adjusted annual rates
2 0 0 2
2 0 0 3
2 0 0 4
CONTRIBUTIONS TO 2.1-PERCENT INCREASE
IN REAL IMPORTS IN 2005:lll
CONTRIBUTIONS 10 0.8-PERCENT INCREASE
IN REAL EXPORTSilN 2005:111
Industrial Supplies and Materials, except Petroleum
(foods, Feeds, and Beverages
Industrial Supplies and Materials
Capital Goods, except Automotive
Petroleum and Products
Capital Goods, except Automotive
:Automotive Vehicles, Engines, and Parts
Automotive Vehicles, Engines, and Parts
: Consumer Goods, except Automotive
Cohsumer Goods, except Automotive
Other Goods
-
2
-
1
0
1
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
2 0 0 5
Based on seasonally adjusted annual rates
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
Government Spending, next page.
December 2005
Business Situation
12
Government Spending
Government spending increased 3.2 percent and con
tributed 0.60 percentage point to real GDP growth af
ter increasing 2.5 percent in the second quarter (table 7
and chart 9). The step-up was driven by an accelera
tion in Federal defense spending and an upturn in Fed
eral nondefense spending.
National defense spending increased 10.3 percent
after increasing 3.7 percent in the second quarter. The
acceleration reflected an acceleration in consumption
expenditures that was attributable to a step-up in “in
termediate goods and services purchased.” Gross in
vestment decelerated somewhat.
Federal nondefense spending increased 3.6 percent
after decreasing 0.2 percent. The upturn reflected an
upturn in consumption expenditures.
State and local government spending increased 0.4
percent after increasing 2.6 percent in the second quar
ter. The deceleration primarily reflected a downturn in
gross investment; structures investment turned down,
and equipment and software investment decelerated.
Chart 9. Real Government Consumption
and Investment______________________
Percent
8
PERCENT CHANGE FROM PRECEDING QUARTER
6
4
Table 7. Real Government Consumption Expenditures
and Gross Investment
2
[Seasonally adjusted at annual rates]
Contribution to percent
change in real CEGI
(percentage points)
Change from
preceding period
(percent)
2004
G overnm ent consum ption
expenditures and gross
investm ent (C E G I)...........
2005
2005
IV
I
II
III
IV
I
II
III
III
0.9
1.9
2.5
3.2
0.9
1.9
2.5
3.2
100.0
0.2 4.2 -0.08 2.29 0.1/ 3.4b
14.6 -1.7 0.98 -0.42 2.33 -0.28
83.1
16.9
2.8
Consumption expenditures -0.1
Gross investment............
6.0 -2.5
Federal...............................................
-0 .6
2.4
2.4
National defen se........................
- 3 .3
3.0
3.7
Consumption expenditures...
Gross investment................
2004
2005
Share of
currentdollar
CEGI
(percent)
-6.0 8.5 1.0
18.b -29.0 26.2
N o n de fense.................................
5.2
Consumption expenditures...
Gross investment................
4.0
13.9
State and lo c a l................................
1.8
1.6
Consumption expenditures......
Gross investment.....................
1.7
2.1
0.8
4./
0.89
0.88
2.94
37.4
0.75
0.91
2.51
25.2
9.2 -1.37 1.79 0.22 1.98
18.7 0.b3 -1.04 0.69 0.b3
22.1
3.1
8.1 -0.21
10.3 -0 .8 4
0.44
12.2
5.4 0.43 0.09 -0.46 0.57
0.8 -4.1
3.3 32.0 -8.3 0.19 0.0b 0.43 -0.13
10.7
1.5
1.1
-0 .2
2.6
3.6
0.4
0.62
1.11
0.14 -0 .0 3
0.98
0.8 1.8 0.85 0.41
10.1 -b.3 0.26 O.b/
0.23
62.7
0.41 0.91
1.21 -U.68
50.3
12.3
1.62
N o t e . Percent changes are from NIPA table 3.9.1, and contributions to percent change are from NIPA table
3.9.2. Shares are calculated from NIPA table 3.9.5.
0
-2
2002
2003
2004
2005
Based on seasonally adjusted annual rates
CONTRIBUTIONS TO 3.2-PERCENT INCREASE IN REAL GOVERNMENT
CONSUMPTION AND INVESTMENT IN 2005:lll
State and Local
-1
0
1
2
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
3
Decem ber 2005
Survey
of
C urrent B usiness
13
Prices
Inflation as measured by the price index for gross do
mestic purchases accelerated, increasing 4.0 percent in
the third quarter after increasing 3.3 percent in the sec
ond quarter (table 8). Energy prices accelerated
sharply, but food prices decelerated in the third quar
ter (chart 10). Prices for domestic purchases excluding
food and energy increased 2.1 percent, the same as in
the second quarter.
Prices of goods and services purchased by consum
ers accelerated slightly, increasing 3.6 percent in the
third quarter after increasing 3.3 percent in the second
quarter. Consumer prices for nondurable-goods pur
chases increased 7.9 percent after increasing 5.7 per
cent, largely because of the increase in energy prices.
Consumer prices for durable-goods purchases de
creased 3.0 percent after decreasing 0.5 percent, prima
rily reflecting a downturn in prices paid for motor
vehicles and parts and a larger decrease in furniture
and household equipment prices. Consumer prices for
services increased the same as in the second quarter.
Food prices paid by consumers increased 1.3 per
cent after increasing 3.5 percent. Consumer prices for
Table 8. Prices for Gross Domestic Purchases
[Percent change at annual rates; based on seasonally adjusted index numbers (2000=100)]
Change from
preceding period
(percent)
2004
IV
Gross domestic purchases......................
Personal consumption expenditures (PCE)
Durable goods...............................................
Nondurable goods.........................................
Services
...............................................
Gross private domestic investment.............
Contribution to percent change
in gross domestic purchases
prices (percentage points)
2004
2005
I
II
III
3.2
2.9
3.3
4.0
3.1
2.3
3.3
3.6
0.6
4.5
3.0
0.9
1.3
3.0
-0.5
5.7
2.9
2.7
2.3
2.6
Fixed investment............................................
Nonresidential...........................................
Structures..............................................
Equipment and software.......................
Residential.................................................
Change in private inventories.......................
2.2
1.1
5.6
-0.4
4.2
2.6
3.1
10.3
0.9
1.6
2.7
1.9
9.9
-0.7
4.3
Government consumption expenditures
and gross investment..............................
4.1
5.7
Federal..........................................................
National defense.......................................
Nondefense...............................................
State and local...............................................
3.7
2.6
2.7
2.5
4.9
7.0
6.6
7.9
4.9
2.1
1.4
3.6
4.7
2.6
22.1
2.4
1.0
5.1
3.0
2.5
18.3
2.3
2.8
1.8
2.7
IV
2005
I
II
III
3.2
2.9
3.3
4.0
2.08
1.50
2.19
2.39
-3.0
7.9
2.9
0.05
0.86
1.17
0.07 -0.04 -0.24
0.25 1.09 1.50
1.18 1.14 1.12
2.8
0.37
0.41
3.0 0.34
2.4 0.11
15.4 0.13
-1.6 -0.03
4.3 0.23
0.03
0.44
0.45
0.40 0.43 0.48
0.31 0.19 0.24
0.24 0.24 0.37
0.07 -0.05 -0.13
0.09 0.24 0.24
0.01 0.01 -0.04
1.00
0.66
gasoline, fuel oil, and other energy goods and services
increased 49.8 percent after increasing 28.6 percent.
The price index for consumer purchases excluding
food and energy, which is sometimes viewed as an in
dicator of the underlying or core rate of inflation, de
celerated, increasing 1.2 percent after increasing 1.7
percent in the second quarter.
Prices of private nonresidential fixed investment in
creased 2.4 percent after increasing 1.9 percent, reflect
ing an acceleration in structures prices that was partly
offset by a larger decrease in prices paid for equipment
and software.
Prices paid by government increased 6.3 percent
after increasing 3.7 percent, primarily reflecting an ac
celeration in the prices paid by state and local govern
ments for goods and services.
The GDP price index, which measures the prices
paid for goods and services produced in the United
States, increased 3.0 percent, 1.0 percentage point less
than the increase in the price index for gross domestic
purchases. The price index for gross domestic pur
chases measures the prices paid for goods and services
purchased by U.S. residents, irrespective of where
those goods and services were produced. The smaller
increase in the GDP price index reflects a smaller in
crease in export prices (which are included in the GDP
price index) than in import prices (which are included
in the price index for gross domestic purchases). In the
third quarter, export prices increased 3.0 percent after
an increase of 3.7 percent in the second quarter, and
import prices increased 9.3 percent after an increase of
8.2 percent.
1.12
6.3
0.73
3.0
3.5
2.1
8.3
0.18
0.12
0.06
0.55
0.46
0.29
0.17
0.54
0.14
0.06
0.08
0.52
0.20
0.16
0.05
0.92
3.5
28.1
2.1
1.2
50.5
2.1
0.24
0.87
2.06
0.10
0.23
2.58
0.32
1.15
1.81
0.11
1.99
1.85
1.0
3.6
2.4
2.1
2.2
3.5
28.6
1.7
3.4
1.5
1.3
49.8
1.2
3.9
1.0
3.1
2.6
3.0
Chart 10. Gross Domestic Purchases Prices:
Change From Preceding Quarter
Percent
5
otal
■ Less Food and Energy
Addenda:
Gross domestic purchases:
Food..............................................................
Energy goods and services..........................
Excluding food and energy...........................
Personal consumption expenditures:
Food..............................................................
Energy goods and services..........................
Excluding food and energy...........................
“Market-based” PCE.....................................
Excluding food and energy.......................
Gross domestic product....................................
1 1
2002
2003
2004
N o t e . P ercen t c h a n g e at a nnual rate from p receding quarter;
N o t e . M o s t p erc en t ch a n g e s a re from N IPA ta b le 1 .6.7; percen t ch a n g e s for p ersonal consum ption exp en d itu res on food
a nd on en e rg y g oods a nd s e rvice s and for personal consum ption exp enditu res excluding food an d e n erg y a re calculated
from index num b e rs in N IPA table 2 .3 .4 . C ontributions to percen t c h a n g e are from N IPA tab le 1.6.8.
based on seaso n a lly adju sted index num b ers (2 0 0 0 = 1 0 0 ).
U .S . B u reau of E cono m ic A nalysis
Revisions, next page.
2005
14
Business Situation
December 2005
R evisions
The preliminary estimate of a 4.3-percent increase in
real GDP in the third quarter is 0.5 percentage point
more than the advance estimate released in October
(table 9). The revisions for 1978-2004, without regard
to sign, averaged 0.5 percentage point from the ad
vance estimate to the preliminary estimate and 0.3 per
centage point from the preliminary estimate to the
final estimate. The upward revision to the growth rate
of real GDP primarily reflected upward revisions to
residential fixed investment, to consumer spending for
T a b le 9 . P r e lim in a r y a n d A d v a n c e E s t im a te s
f o r t h e T h ir d Q u a r t e r o f 2 0 0 5
[Seasonally adjusted a t annual rates]
Percent change from
preceding quarter
Preliminary Advance
estimate estimate
Contribution to percent
change in real GDP
Preliminary
Preliminary
Preliminary Advance
minus
minus
estimate estimate
advance
advance
G ross dom estic product
(G D P )................................
4.3
3.8
0.5
4.3
3.8
0.5
Personal consum ption
e xp e n d itu res ...........................
Durable goods..........................
Nondurable goods...................
S ervices.....................................
4.2
10.5
3.6
3.3
3.9
10.8
2.6
32
0.3
- 0 .3
1.0
0.1
2.97
0.85
0.74
1.38
2.73
0.87
0.54
1.32
0.24
-0 .0 2
0.20
0.06
G ross private dom estic
in v e s tm e n t...............................
Fixed investment......................
Nonresidential......................
Structures.........................
Equipment and software
Residential...........................
5.8
8.6
8.8
2.7
10.8
8.4
2.3
5.7
- 1 .4
8.9
4.8
3.5
2.9
2.6
4.1
1.9
3.6
0.96
1.40
0.91
0.07
0.83
0.50
-0 .4 4
0.38
0.93
0.65
-0 .0 4
0.69
0.28
-0 .5 5
0.58
0.47
0.26
0.11
0.14
0 22
0.11
N et expo rts o f goods and
s e rv ic e s.....................................
Exports.......................................
Goods.....................................
Services................................
Imports.......................................
Goods.....................................
Services................................
0.8
3.0
-3 .9
2.1
3.3
-3 .9
0.8
2.8
- 3 .9
0.0
1.1
-5 .8
0.0
2.1
2.2
1.9
-0 .2 5
0.09
0.22
-0 .1 3
-0 .3 4
-0 .4 4
0.10
0.08
0.08
0.21
-0 .1 3
0.00
-0 .1 5
0.16
-0 .3 3
0.01
0.01
0.00
-0 .3 4
-0 .2 9
-0 .0 6
G overnm ent consum ption
expenditures an d gross
in v e s tm e n t...............................
Federal.......................................
National defen se.................
Nondefense..........................
State and lo ca l.........................
3.2
8.1
10.3
3.6
0.4
10.2
2.6
0.7
0.0
0.4
0.1
1.0
- 0 .3
0.60
0.56
0.48
0.08
0.04
0.61
0.53
0.47
0.06
0.08
-0 .0 1
0.03
0.01
0.02
-0 .0 4
4.7
4.4
0.3
4.73
4.36
0.37
4.0
3.0
3.1
4.0
0.9
- 1 .0
A ddenda:
Final sales of domestic
product...................................
Gross domestic purchases
price index.............................
62
32
7.7
0.0
02
Note. The preliminary estimates for the third quarter of 2005 incorporate the following revised or additional
source data that were not available when the advance estimates were prepared.
Personalconsumption expenditures: Retail sales tor August and September (revised). Motor vehicle registra
tions for July and August fievised) and for September (newrty available). Electricity and natural gas sales to residential consumers tor August (newly available).
Nonresidential fixed imestment Construction put-in-place data for July and August (revised) and for
September (newly available). Manufacturers’ shipments of machinery and equipment for August and
September (revised). Exports and imports for August (revised) and for September (newty available). Manufac
turers’ shipments of complete civilian aircraft for September (newty available).
Residential investment Construction put-in-place data for Jtiy and August (revised) and for September
(newly available).
Change in private inventories: Manufacturers’ and trade inventories for July and August (revised) and for
September (newly available).
Exports and imports ofgoods and services: International transactions accounts for July and August (revised)
and for September (newly available).
Government consumption expenditures and gross investment: State and local government construction putin-place data for July and August (revised) and for September (newty available).
Wages and salaries: Employment, average hourly earnings, and average weekly hours for July through
September (revised) and tabulations of wages and salaries for the second quarter from the census of employ
ment and wages.
GDP prices: Export and import prices for July through September (revised), unit value index for petroleum
imports for August (revised) and for September (newly available), and prices of single-family houses under
construction for July and August (revised) and for September (newly available).
nondurable goods, to equipment and software, and to
nonresidential structures that were partly offset by an
upward revision to imports of goods.
In the preliminary estimates, the revision to resi
dential fixed investment added 0.22 percentage point
to real GDP growth. The largest contributor to the up
ward revision was single-family structures, reflecting
revised Census Bureau data for the value of construc
tion put in place for July and August and newly avail
able data for September.
The upward revision to consumer spending (prima
rily revisions to spending for food) was based on re
vised Census Bureau retail sales data and revised
Energy Information Administration data.
The upward revision to equipment and software
was mostly to transportation equipment, specifically to
investment spending for aircraft and for light trucks,
and it is based on newly available Census Bureau data
on aircraft shipments for September and newly avail
able light-truck registration data for September.
The primary contributors to the upward revision to
nonresidential structures were commercial and health
care structures and “other” structures, reflecting the
revised Census Bureau data for construction put in
place for July and August and the newly available data
for September.
The upward revision to imports of goods was
mostly to nonpetroleum industrial supplies and mate
rials and “other” goods and is based on newly available
Census Bureau goods data for September.
In addition to these revised estimates for the third
quarter, estimates of wages and salaries and related se
ries for the second quarter have been revised. Wage
and salary accruals for the second quarter increased
$42.4 billion, a downward revision of $37.9 billion.
The revision reflected the incorporation of newly avail
able second-quarter tabulations from the Bureau of
Labor Statistics quarterly census of employment and
wages. Personal current taxes for the second quarter
increased $34.6 billion, a downward revision of $6.6
billion. Contributions for government social insur
ance, a subtraction in calculating personal income, in
creased $3.9 billion, a downward revision of $5.2
billion. The following second-quarter estimates were
also revised:
•Personal income increased $112.3 billion, a down
ward revision of $35.5 billion.
•Disposable personal income increased $77.7 billion,
a downward revision of $28.9 billion.
•Personal saving decreased $68.9 billion, a downward
revision of $28.9 billion.
•The personal saving rate was a negative 0.2 percent,
a downward revision of 0.3 percentage point.
December 2005
Su rvey
of
C urrent B usiness
15
C orporate Profits
Profits from current production decreased $45.5 bil
lion (3.4 percent at a quarterly rate) in the third quar
ter after increasing $59.3 billion (4.6 percent) in the
second quarter (table 10).6 In the third quarter, profits
of domestic industries decreased $63.4 billion after in
creasing $55.5 billion, but profits from the rest of the
world accelerated, increasing $17.9 billion after in
creasing $3.7 billion.7 Third-quarter profits reflect the
6. P ro fits fro m cu rre n t p ro d u c tio n is estim ated as th e su m o f p ro fits
b efore tax, the in v e n to ry v a lu a tio n a d ju stm en t, a n d th e c a p ita l co n su m p
tio n a d justm en t; it is sh ow n as “co rp o ra te p ro fits w ith in v e n to ry va lu a tio n
a n d c a p ita l co n su m p tio n adjustm en ts” in N IP A tables 1.7.5, 1.10-1 .12,
1.14-1 .16, a n d 6.16D .
7. P ro fits fro m th e rest o f the w o rld is th e d ifferen ce betw een (1) receipts
b y U .S . residents o f earn in gs fro m fo reig n a ffilia te s p lu s d iv id e n d s received
b y U .S . residents fro m u n a ffilia te d fo reig n c o rp o ra tio n s a n d (2) paym ents
b y U .S . a ffilia te s o f earnin gs to fo re ig n parents p lu s d iv id e n d s p a id b y U .S .
co rp o ra tio n s to u n a ffilia te d fo reig n residents. These estim ates in c lu d e ca p i
ta l c o n su m p tio n adjustm en ts (bu t n o t in v e n to ry v a lu a tio n adjustm ents)
a n d are d erive d fro m B E A ’s in te rn a tio n a l tra n sactio n s acco un ts.
T a b le 1 0 . C o r p o r a t e P r o fits
[Seasonally adjusted]
Billions of dollars (annual rate)
C urrent produ ction m easures:
Corporate profits.........................
Domestic industries................
Financial...............................
Nonfinancial........................
Rest of the world....................
Receipts from the rest of
the w orld.........................
Less: Payments to the
rest of the w ork)............
Percent change from
precedhg quarter
(quarterly rate)
Change from
precedmg quarter
Level
2005
2004
III
IV
1,302.0 102.3
1,066.9 109.6
285.4 772
801.5 32.4
215.1 - 7 .3
2004
2005
I
II
III
68.7 59.3 -4 5 .5
53.9 55.5 -6 3 .4
36.0 -2 6 .9 -6 5 .3
17.8 82.5
1.9
14.9
3.7 17.9
332.3
23.2
-19.1
1 4 ./
117.1
30.4
-3 3 .9
10.9 -1 3 .9
4.1
363.5
34.0
69.6
938.5 68.2
520.1 113.4
- 0 .8
-9 4 .4
2005
IV
1
92
115
292
4.9
- 3 .9
5.6
10.6
2.5
8.3
/.5
-5 7
52
24.6 -2 2 .0
II
III
4.6 - 3 .4
5.1 -5 .5
-7 .1 -1 8 .6
02
11.5
1.9
9.1
4.7
12
9.1 -1 0 .6
Less: Taxes on corporate
incom e......................................
Equals: Profits after ta x.............
9.9
- 9 .0
49.4 -3 6 .5
11.4 1 i 8
13.1
23.7
2.7
- 2 .4
8.0 -0 .1
23.8 -1 6 .0
5.3
Z3
- 3 .7
2.7
Net dividends..........................
Undistributed profits from
current production.............
418.4 -4 5 .1
93.5
38.0 -5 0 .3 -1 1 .8
27.7
N et cash flow................................
1,315.2 -7 5 .3
95.4
41.7
34.3
-6 2
8.3
Industry profits:
Profits with IV A .............................
Domestic industries................
Financial...............................
Nonfinancial........................
Rest of the w orld....................
1,368.5 98.4
1,153.4 105.6
284.9 76.6
868.5 29.0
215.1 - 7 .3
259.5 54.1 -2 4 .8
244.6 50.4 -4 2 .7
57.8 -2 7 .7 -6 4 .6
186.8 78.1 21.9
14.9
3.7 17.9
10.0
13.3
31.5
5.3
- 3 .9
24.0
27.2
18.1
32.1
8.3
1,395.9 105.9
2 54 2
33.9 -1 6 .3
10.4
22.6
2.5
-1 2
71.9 184.6
- 7 .5
5.3
4.0 -1 9 0 .8
24.0 -7 .3
20 2 -8 .5
5.2 -2 0 .7
9.5
22.2
2.4
- 0 .7
A ddenda:
Profits before tax (without IVA
and C C A d j)..............................
Profits after tax (without IVA
and C C A d j)..............................
IVA...................................................
CCAdj.............................................
1,032.4
-2 7 .4
-6 6 .5
8.8 -1 0 .7
3.4
2.7
4.0 - 1 .8
4.4 - 3 .6
- 7 .4 -1 8 .5
10.2
2.6
1.9
9.1
impact of the recent hurricanes on key income compo
nents.
Taxes on corporate income decreased $9.0 billion
(2.4 percent) in the third quarter. After-tax profits
from current production decreased $36.5 billion (3.7
percent).
The decrease in profits of domestic industries pri
marily reflected a third-quarter decrease of $65.3 bil
lion in domestic financial industries after a decrease of
$26.9 billion in the second quarter. Profits of domestic
nonfinancial corporations increased $1.9 billion in the
third quarter after an increase of $82.5 billion in the
second quarter. Profits per unit of real gross value
added decreased slightly in the third quarter, reflecting
increases in both unit labor costs and unit nonlabor
costs that more than offset an increase in unit prices.
Profits from the rest of the world increased $17.9
billion (9.1 percent) in the third quarter after increas
ing $3.7 billion (1.9 percent). The third-quarter in
crease reflected an increase in receipts from foreign
affiliates of domestic parents and a decrease in pay
ments by domestic affiliates to foreign parents. Re
ceipts from foreign affiliates of domestic parents
increased $4.1 billion (1.2 percent) after increasing
$14.7 billion (4.7 percent) in the second quarter. Pay
ments by domestic affiliates to foreign parents de
creased $13.9 billion (10.6 percent) after increasing
$10.9 billion (9.1 percent) in the second quarter.
Net dividends increased $13.8 billion (2.7 percent)
after increasing $11.4 billion (2.3 percent). Undistrib
uted corporate profits (a measure of net saving that
equals after-tax profits less dividends) turned down,
decreasing $50.3 billion (10.7 percent) in the third
quarter after increasing $38.0 billion (8.8 percent) in
the second quarter. Net cash flow from current pro
duction, a profits-related measure of internally gener
ated funds available for investment, increased $34.3
billion (2.7 percent) after increasing $41.7 billion (3.4
percent).8The ratio of cash flow to nonresidential fixed
investment, an indicator of the extent to which the
current level of investment could be financed by inter
nally generated corporate funds, was unchanged at
97.5. The ratio has declined since the latest peak value
of 107.3 in the third quarter of 2004.
8.
Note. Levels of these and other profits series are shown in NIFA tables 1.12,1.14,1.15, and 6.160.
IVA Inventory valuation adjustment
CCAdj Capiat consumption adjustment
C a sh flo w fro m cu rre n t p ro d u c tio n is u n d istrib u te d p ro fits w ith in v e n
to ry v a lu a tio n an d ca p ita l co n su m p tio n adjustm en ts p lu s the co n su m p tio n
o f fixed ca p ita l.
Government Sector, next page.
Business Situation
16
Decem ber 2005
G o vern m en t S ector
“Net government saving,” the difference between cur
rent receipts and expenditures, was -$406.0 billion in
the third quarter of 2005, decreasing $129.9 billion
from -$276.1 billion in the second quarter (table l l ) . 9
Both net Federal Government saving and net state and
local government saving turned down in the third
quarter.
Federal
Net Federal Government saving was -$403.2 billion in
the third quarter of 2005, decreasing $105.9 billion
9. Net government saving appears in NIPA tables 3 .1 -3 .3 .
Table 11. Government Sector Current Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Level
2005
III
Change from preceding quarter
2004
IV
Current receipts.........................................................
Current expenditures.................................................
3,493.6
3,899.6
113.6
50.3
2005
I
II
III
175.6
98.9
67.1
52.2
-70.7
59.3
Net governm ent savin g ..................................................
-4 0 6 .0
63.2
76.8
14.8
-1 2 9 .9
Social insurance funds..............................................
Other..........................................................................
53.2
-459.2
6.9
56.3
-2.1
78.8
0.8
22.9
0.2
-130.1
Federal
C urrent re c e ip ts .....................................................
2,162.9
79.2
142.0
31.3
-6 5 .0
Current tax receipts...................................................
Personal current taxes.......................................
Taxes on production and imports.....................
Taxes on corporate income...............................
Taxes from the rest of the world.......................
Contributions for government social insurance........
Income receipts on assets.........................................
Current transfer receipts............................................
Current surplus of government enterprises..............
1,341.2
941.9
97.5
293.3
8.5
852.5
22.8
-49.4
-4.2
61.9
29.7
1.1
27.8
3.3
17.4
0.4
1.3
-1.9
123.8
68.6
0.3
56.4
-1.5
17.7
0.8
0.4
-0.6
26.7
16.0
2.9
9.1
-1.2
4.0
1.3
-0.2
-0.7
9.4
17.6
-0.8
-7.5
0.0
7.4
-1.5
-79.6
-0.6
C urrent exp e n d itu res............................................
2,566.1
39.2
68.7
30.3
40.9
Consumption expenditures........................................
National defense...............................................
Nondefense.......................................................
Current transfer payments.........................................
Government social benefits...............................
To persons.................................................
To the rest of the world..............................
Other current transfer payments.......................
Grants-in-aid to state and local
governments..
To the rest of the world..............................
Interest payments..............
Subsidies............................
Less: Wage accruals less disbursements................
784.0
528.7
255.3
1,475.6
1,093.6
1,090.3
3.2
382.1
-0.6
-4.5
4.0
35.0
15.0
14.7
0.3
20.0
24.5
18.8
5.6
39.7
29.3
29.3
0.0
10.4
3.2
3.4
-0.2
1.2
13.7
13.6
0.0
-12.4
21.2
16.4
4.8
15.7
15.7
15.7
0.0
0.0
354.1
28.0
250.8
55.6
0.0
16.8
3.1
1.6
3.3
0.0
-2.6
13.0
0.5
4.0
0.0
2.5
-14.8
24.2
1.5
0.0
-4.5
4.5
0.0
4.0
0.0
Net Federal Governm ent s a v in g ................................
-4 0 3 .2
40.0
73.3
1.0
-1 0 5 .9
Social insurance funds..............................................
Other..........................................................................
53.0
-456.2
7.2
32.7
-1.3
74.7
-7.6
8.6
0.4
-106.3
State and local
C urrent re c e ip ts .....................................................
1,684.8
51.2
31.0
38.2
-10.1
Current tax receipts...................................................
Personal current taxes...........................................
Taxes on production and imports.........................
Taxes on corporate income....................................
Contributions for government social insurance........
Income receipts on assets.........................................
Current transfer receipts............................................
Federal grants-in-aid.............................................
Other......................................................................
Current surplus of government enterprises..............
1,143.4
274.9
812.4
56.0
19.9
79.4
460.6
354.1
106.6
-18.5
25.9
6.2
14.3
5.4
0.2
1.4
24.0
16.8
7.3
-0.3
32.7
8.5
12.6
11.6
-0.2
-0.6
-0.6
-2.6
2.0
-0.3
33.5
18.7
13.4
1.3
-0.1
0.6
4.5
2.5
2.0
-0.3
2.0
-6.9
10.6
-1.7
0.1
0.6
2.2
-4.5
6.8
-15.0
Current exp e n d itu res............................................
1,687.6
27.9
27.7
24.3
13.9
Consumption expenditures........................................
Government social benefits.......................................
Interest payments......................................................
Subsidies...................................................................
Less: Wage accruals less disbursements................
1,204.0
390.5
92.6
0.5
0.0
19.2
7.5
1.1
0.0
0.0
15.9
10.9
0.8
0.0
0.0
16.7
7.1
0.6
0.0
0.0
28.3
-15.2
0.8
0.0
0.0
Net state and local governm ent savin g ...................
-2 .8
23.3
3.4
13.9
-24.1
Social insurance funds..............................................
Other..........................................................................
0.2
-3.0
-0.3
23.5
-0.8
4.2
-0.4
14.3
-0.2
-23.8
-546.7
-450.9
-95.8
57.8
42.5
15.3
61.9
60.8
1.2
18.4
8.7
9.6
-114.0
-102.2
-11.8
Addenda:
Net lending or net borrowing ( - ) 1..............................
Federal..................................................................
State and local..............
1.
“N e t lending or borrow ing” is sim ilar to “net financial investm ent” in the flow -of-funds accounts from the
F e d era l R e s e rv e B oard. T h e tw o m e a s u re s differ prim arily b e c a u s e g o vern m en t net lending o r borrow ing is
e stim a te d from d a ta for transactions, w h e re a s net financial investm ent is e stim ated from d a ta for financial
a ssets. T h e y also differ b e c a u s e of sm all conceptual differences, such as the classification of th e veteran s life
in s uran ce program .
from -$297.3 billion in the second quarter. Current re
ceipts turned down, and current expenditures acceler
ated.
Current receipts. Federal Government current re
ceipts decreased $65.0 billion in the third quarter after
increasing $31.3 billion in the second quarter. The
downturn was more than accounted for by a much
sharper decrease in current transfer receipts from busi
ness and a downturn in taxes on corporate income.
Current transfer receipts decreased $79.6 billion af
ter decreasing $0.2 billion. Current transfer receipts
from business were reduced $80.4 billion for “above
normal” insurance settlements paid by the National
Flood Insurance Program as a result of Hurricanes
Katrina and Rita.
Current tax receipts increased $9.4 billion after in
creasing $26.7 billion. The deceleration was mostly ac
counted for by a downturn in taxes on corporate
income, which decreased $7.5 billion after increasing
$9.1 billion; the downturn was due to a reduction in
corporate profits as a result of the hurricanes.
Income receipts on assets turned down, decreasing
$1.5 billion after increasing $1.3 billion.
Contributions for government social insurance in
creased $7.4 billion after increasing $4.0 billion. The
acceleration was mostly accounted for by contribu
tions for social security (old-age, survivors, disability,
and health insurance trust funds), which increased
$6.7 billion after increasing $3.4 billion, reflecting an
acceleration in wage and salary disbursements.
Current expenditures. Federal Government current
expenditures increased $40.9 billion after increasing
$30.3 billion. The acceleration was more than ac
counted for by accelerations in consumption expendi
tures, in current transfer payments, and in subsidies
that were partly offset by a deceleration in interest pay
ments.
Consumption expenditures increased $21.2 billion
after increasing $3.2 billion. The acceleration was ac
counted for by an acceleration in defense consumption
expenditures and by an upturn in nondefense con
sumption expenditures.
Defense consumption expenditures increased $16.4
billion after increasing $3.4 billion. The acceleration
was mostly accounted for by an acceleration in expen
ditures for services, which increased $12.7 billion after
increasing $1.1 billion (these expenditures include ex
penditures for research and development, for trans
portation of materials, for travel, and for other
services).
Nondefense consumption expenditures increased
$4.8 billion after decreasing $0.2 billion. The upturn
was more than accounted for by spending for nondu
rable goods, which increased $2.7 billion after decreas
ing $4.0 billion; Commodity Credit Corporation sales,
December 2005
Survey
of
C urrent B usiness
which are treated as deductions from consumption ex
penditures, increased $2.3 billion after increasing $7.1
billion. Expenditures for services increased $3.5 billion
after increasing $1.4 billion; third-quarter spending
was boosted by spending for Hurricane Katrina relief
operations.
Current transfer payments increased $15.7 billion
after increasing $1.2 billion. The acceleration was more
than accounted for by “other current transfers,” which
remained flat after decreasing $12.4 billion.
“Other current transfer payments to the rest of the
world” increased $4.5 billion after decreasing $14.8
billion. The second-quarter decrease followed a firstquarter increase that included a payment of $3.0 bil
lion ($12.0 billion at an annual rate) to Israel and
Egypt for economic support.
Grants-in-aid to state and local governments de
creased $4.5 billion after increasing $2.5 billion. The
downturn was more than accounted for by a downturn
in grants for Medicaid, which decreased $10.8 billion
after increasing $3.7 billion.
Interest payments were unchanged after increasing
$24.2 billion. The deceleration was more than ac
counted for by a downturn in interest paid to persons
and business, which decreased $8.9 billion after in
creasing $16.9 billion, reflecting lower interest expense
payments on the public debt.
Government social benefits increased $15.7 billion
after increasing $13.7 billion. The acceleration was
more than accounted for by “other” benefits, which in
creased $6.5 billion after decreasing $0.1 billion; disas
ter relief payments boosted social benefit payments
$6.9 billion in the third quarter.
Subsidies accelerated, increasing $4.0 billion after
increasing $1.5 billion. The acceleration was mostly ac
counted for by “other subsidies,” which increased $1.3
billion after decreasing $0.5 billion. Agricultural subsi
dies increased $3.0 billion after increasing $2.3 billion.
State and local
Net state and local government saving was -$2.8 bil
lion in the third quarter of 2005, decreasing $24.1 bil
lion from $21.3 billion in the second quarter. Current
receipts turned down, and current expenditures decel
erated.
Current receipts. State and local government cur
rent receipts turned down, decreasing $10.1 billion af
ter increasing $38.2 billion. The downturn was mostly
accounted for by a deceleration in current tax receipts.
Current tax receipts increased $2.0 billion after in
creasing $33.5 billion. The deceleration was mostly ac
counted for by a downturn in personal current taxes,
which decreased $6.9 billion after increasing $18.7 bil
lion, mainly as a result of a downturn in personal in
17
come taxes. Taxes on corporate income also turned
down, decreasing $1.7 billion after increasing $1.3 bil
lion. Taxes on production and imports decelerated, in
creasing $10.6 billion after increasing $13.4 billion
Current transfer receipts increased $2.2 billion after
increasing $4.5 billion. The deceleration was mostly
accounted for by the downturn in Federal grants-inaid. The downturn was slightly offset by an accelera
tion in “other” transfer receipts, specifically in transfer
receipts from business, which increased $5.3 billion af
ter increasing $0.6 billion.
Current expenditures. State and local government
current expenditures increased $13.9 billion after in
creasing $24.3 billion. The deceleration was more than
accounted for by a downturn in government social
benefit payments that was partly offset by an accelera
tion in consumption expenditures.
Government social benefit payments decreased
$15.2 billion after increasing $7.1 billion. The decrease
was mainly attributable to reduced spending for Med
icaid.
Consumption expenditures increased $28.3 billion
after increasing $16.7 billion. The acceleration was
mostly accounted for by accelerations in expenditures
for nondurable goods and compensation.
Net lending or net borrowing
“Net lending or net borrowing ( - ) ” is an alternative
measure o f the government fiscal position.10 Net lend
ing is the financing requirement of the government
sector, and it is derived as net government saving plus
the consumption of fixed capital and “capital transfers
received (net)” less gross investment and net purchases
of nonproduced assets.
Net borrowing was $546.7 billion in the third quar
ter, increasing $114.0 billion from $432.7 billion in the
second quarter. Federal Government net borrowing
was $450.9 billion in the third quarter, increasing
$102.2 billion from $348.7 billion. State and local gov
ernment net borrowing was $95.8 billion in the third
quarter, increasing $11.8 billion from $84.0 billion in
the second quarter.
Gross government investment decelerated, increas
ing $5.2 billion after increasing $15.7 billion.11 Federal
Government gross investment increased $2.5 billion
after increasing $6.3 billion. State and local govern
ment gross investment increased $2.8 billion after in
creasing $9.3 billion; the deceleration was mostly
accounted for by a deceleration in gross investment for
structures, which increased $2.0 billion after increasing
$8.2 billion.
10. These estimates are also shown in NIPA tables 3.1 -3 .3 .
11. See the addenda to NIPA tables 3.1-3.3.
18
December 2005
A n n u a l In d u stry
A c c o u n ts
R e v is e d E s t i m a t e s f o r 2 0 0 2 - 2 0 0 4
By George M. Smith and Sherlene K.S. Lum
N 2004, real growth in the U.S. economy was led by
the services-producing sector, reflecting strength in
the information, professional and business services,
trade, and real estate, rental, and leasing industries.
Goods-producing industries also accelerated, prima
rily because of a resurgence in manufacturing. Overall,
economic growth was broad; all 15 industry groups ex
panded, and growth rates in almost all groups acceler
ated.
These conclusions are drawn from the 2005 annual
update of the Bureau of Economic Analysis (BEA) an
nual industry accounts, which was released on Decem
ber 15, 2005. The update includes revised estimates for
2002-2004 for the integrated gross-domestic-productby-industry accounts and the annual input-output
(I-O) accounts.
This year s annual update also includes the first de
tailed industry and commodity estimates for 2004 and
the first revised KLEMS (K-capital, L-labor, E-energy,
M-materials, and S-purchased services) estimates. The
revised estimates for all years were derived using the
integrated annual industry accounts methodology;
they provide information on 65 industries and com
modities. The previous estimates for 2004 were pre
pared using a methodology developed for summary
source data and were limited to 21 industry groups.1
The KLEMS estimates for 2002 and 2003, which were
first released in September 2005, are revised, and up
dated estimates for 2004 are presented.2
Highlights of the revised annual industry accounts
include the following:
•Real economic growth in 2004 was widespread. All
15 private-sector industry groups expanded; 13
industry groups grew at a faster rate in 2004 than in
2003. Growth slowed only in the utilities and the
agriculture, forestry, fishing, and hunting industry
groups.
I
•Services-producing industries grew 4.9 percent in
2004— faster than the 4.6-percent real average
annual growth in 1996-2000, before the economic
slowdown in 2001. Overall, services-producing
industries, which account for two-thirds of currentdollar GDP, accounted for almost four-fifths of the
4.2-percent growth in real GDP in 2004.3
•Manufacturing industries’ growth was widespread;
16 of the 19 industries expanded. Durable-goods
manufacturing industries accelerated sharply, grow
ing 6.3 percent in 2004, compared with 4.3 percent
in 2003. These industries accounted for most of the
acceleration in the goods-producing sector, which
grew 3.9 percent in 2004. Nondurable-goods manu
facturing industries turned up, increasing 2.7 per
cent after decreasing 1.2 percent.
•The real estate, rental, and leasing industry group
and the professional and business services industry
group together accounted for a third of real GDP
growth in 2004. The finance and insurance industry
group contributed little to real GDP growth in 2004
after accounting for almost a fifth of real growth in
2003.
•Information-communications-technology (ICT)producing industries increased 12.9 percent in
2004—almost double their growth in 2003. These
industries—which include computer and elec
tronic products manufacturing, publishing indus
tries (includes software), information and data
processing services, and computer systems design
and related services—accounted for 11.0 percent of
real GDP growth but for just 3.8 percent of GDP.
•Price growth was widespread in 2004; 10 of the 15
private-sector industry groups contributed to GDP
price growth, up from 6 industry groups in 2003.
3.
A n in d u stry ’s share o f c u rre n t-d o lla r G D P is a better in d ic a to r o f its
relative size in th e eco n o m y th a n its share o f real G D P because an in d u stry ’s
share o f real G D P expressed in ch a in e d d o lla rs is d ep e n d en t o n th e ch o ice
1. See E ric h H . Strassner a n d T h o m a s F. H o w e lls III, “A n n u a l In d u stry
A cco u n ts: A d van ce Estim ates fo r 2004,” Su r v ey
of
C u r r en t B usiness 85 (M a y
2005): 7 -1 9 .
In d u stry A cco u n ts: In tro d u c in g
KLEM S
1997—2003,” Su r v ey 85 (Septem ber 2005): 3 1 -6 5 .
n o t n ecessarily sum to th e c h a in e d -d o lla r estim ate o f G D P . T h is is because
relative p rices used as w eights fo r a ny p e rio d o th e r th a n the reference year
2. See E ric h H . Strassner, G a b rie l M . M e d e iro s, a n d G e o rg e M . S m ith ,
“A n n u a l
o f a reference year. C h a in e d -d o lla r in d u s try estim ates o f valu e a d d ed w ill
In p u t Estim ates fo r
(2000) d iffe r fro m those o f th e reference year. F o r p e rio d s fu rth e r fro m the
reference year, th is d ifferen ce tends to b e larger, a n d th e re su ltin g ch a in e d d o lla r estim ates less a d d itive a n d p o ssib ly m isle a d in g .
December 2005
Survey
of
19
C urrent B usiness
The services-producing sector accounted for almost
three-fifths of the 2.6-percent growth in GDP
prices. ICT-producing industries continued to
restrain GDP price growth.
The revised annual industry accounts incorporate
the most timely, most detailed, and most accurate
source data available, including Census Bureau annual
survey and economic census data on industry and
commodity output, Bureau of Labor Statistics data on
producer prices, and BEA estimates of final demand
and industry returns to labor and capital from the
2005 annual revision of the national income and prod
uct accounts (NIPAs). These data are combined in an
input-output (I-O) framework that balances and rec
onciles industry production and commodity usage.
(See the appendix.)
The remainder of this article is organized into the
following parts: A discussion of industry trends and
developments; an analysis of commodity supply and
use; a look at revisions to the previously published esti
mates and changes in methodology; an appendix that
discusses the methodological steps used to revise the
annual industry accounts; and a new guide to the
annual industry accounts tables that precedes the
detailed industry and commodity estimates, which are
presented in tables 1-24 at the end of the article (see
the box “Data Availability” on page 22).
Industry Trends and D evelop m ents
tries, which accounted for 12.1 percent of the economy
in 2004, accounted for 0.59 percentage point (14.0 per
cent) of the 4.2-percent real GDP growth in 2004,
compared with 0.24 percentage point (8.9 percent) of
Chart 1. Annual Growth in Real Value Added
Percent
1 9 9 5 -2 0 0 0
2001
2002
2003
2004
U.S. Bureau of Economic Analysis
Table A. Growth in Real Value Added by Industry Group
Line
2001
2002
2003
2004
Private goods-producing industries
Real growth. Private goods-producing industries grew
3.9 percent in 2004 after growing 1.2 percent in 2003
and 1.3 percent in 2002 (chart 1). The growth rate for
2004 was revised up 0.8 percentage point. The growth
rate for 2003 was revised down 1.6 percentage points
(see “Revisions”).
The acceleration of growth in the private goodsproducing sector largely reflected an upturn in nondurable-goods manufacturing and stronger growth in
durable-goods manufacturing (table A). Growth in the
mining and construction industry groups was also
strong. Overall, all four major goods-producing indus
try groups expanded in 2004, and three groups grew
faster than in 2003. The weakest performer was the ag
riculture, forestry, fishing, and hunting industry
group, whose growth rate fell to 1.8 percent in 2004
from 7.6 percent in 2003.
Real growth within manufacturing industries was
especially notable; 16 of the 19 manufacturing indus
tries expanded in 2004, compared with 10 industries in
2003 and 11 industries in 2002. Manufacturing indus
Average
annual
rate of
change
19952000
G ro s s d o m e s tic p r o d u c t........................
0 .8
1 .6
2 .7
42
4.1
2 P riv a te in d u s trie s ................................................
Agriculture, forestry, fishing, and hunting
3
4
M inin g.....................................................................
U tilities....................................................................
5
C onstruction........................................................
6
0 .9
-6 .3
- 5 .3
-4 .9
02
1.4
5 .5
-6 .3
4 .3
-2 .0
2 .8
7 .6
-1 .5
7.8
- 1 .3
4 .7
1.8
2 .3
1.1
2 .5
4 .6
6 .5
-1 .1
1.3
3 .0
5 .4
8 .9
0 .4
7 .2
6 .5
1
7
8
9
10
11
M anufacturing......................................................
D urable g o o d s ...............................................
N ondurable g o o d s ........................................
W holesale tr a d e .................................................
Retail tra d e ...........................................................
-5 .6
-6 .0
-5 .0
7 .0
7 .0
2 .8
1.7
4 .2
1.0
2 .2
1.9
4 .3
-1 2
3 .6
4 .8
6 .3
2 .7
4.6
6.4
12
13
14
Transportation and w are h o u sin g .................
In fo rm atio n ...........................................................
Finance, insurance, real estate, rental,
and le a s in g ......................................................
Professional and business s e rv ic e s ..........
Educational services, health care, and
social a s s is ta n c e ..........................................
A rts, entertainm ent, recreation,
accom m odation, and food s erv ices.......
O th er services, except g o ve m m en t............
- 2 .6
4 .0
2 .2
2.1
3 .7
2 .7
4 .0
12 .8
4 .4
8 .0
3 .9
-0 .7
0 .9
- 0 .2
3 .4
32
3 .8
6 .4
4 .4
5 .3
32
4.2
2 .8
3 .2
1.4
-0 .7
-1 .7
1 .7
0 .3
2 .9
1.1
3 .0
12
3 .7
0.1
0 .8
1 .7
1 .3
1 .0
1.2
-4 .3
2 .6
1.3
1.5
12
32
3 .9
4 .9
4 .7
4 .6
- 0 .4
2 .0
6 .7
12 .9
22.1
15
16
17
18
19 G o v e m m e n t............................................................
A ddenda:
Private goods-producing industries 1.........
20
21
Private services-producing industries2......
Inform ation-com m unications-technology22
produ dng industries3..................................
22
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; whotesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment recreation, accommodation, and food services; and other
services, except govemment
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
A n n u al Industry A ccounts
20
the 2.7-percent real GDP growth in 2003.
Nondurable-goods manufacturing industries in
creased 2.7 percent in 2004 after decreasing 1.2 percent
in 2003 and increasing 4.2 percent in 2002. In 2004,
real growth turned up in the food, beverage, and to
bacco products industry, increasing 1.6 percent after
decreasing 0.3 percent in 2003 and 1.5 percent in 2002.
The apparel, leather, and allied products industry in
creased 5.4 percent after decreasing 11.4 percent in
2003 and 7.0 percent in 2002. The paper products in
dustry increased 9.4 percent after decreasing 3.9 per
cent in 2003 and increasing 4.2 percent in 2002. The
printing and related support activities industry in
creased 4.5 percent after decreasing 2.3 percent in 2003
and 3.9 percent in 2002. Real growth in the plastics and
rubber products industry accelerated, increasing 10.5
percent after increasing 1.9 percent in 2003 and 2.4
percent in 2002. Growth in the petroleum and coal
products industry decreased 5.4 percent after decreas
ing 19.7 percent in 2003 and increasing 35.7 percent in
December 2005
cent; and the furniture manufacturing industry
increased 7.3 percent after decreasing 1.1 percent.
However, real growth in the motor vehicles, bodies,
and parts manufacturing industry decreased 2.8 per
cent, following an increase of 12.3 percent.
Shares o f GDP growth and GDP. In 2004, private
goods-producing industries accounted for almost a
fifth (0.75 percentage point) of the 4.2-percent growth
in real GDP, compared with a tenth (0.23 percentage
point) of the 2.7-percent growth in real GDP in 2003
(chart 2). In private goods-producing industries, man
ufacturing industries contributed the most (0.59 per
centage point) to real GDP growth in 2004 (table B).
Overall, the goods-producing industries’ share of
GDP remained relatively stable in 2001-2004 as price
Table B. Contributions to Growth in Real Gross Domestic Product
by Industry Group
Line
2001
2002
2002.
Real growth in the durable-goods manufacturing
industries accelerated, increasing 6.3 percent in 2004
after increasing 4.3 percent in 2003 and 1.7 percent in
2002. In 2004, real growth in the computer and elec
tronic products manufacturing industry again acceler
ated, increasing 21.1 percent in 2004 after increasing
15.7 percent in 2003 and 2.1 percent in 2002. Real
growth in primary metals manufacturing turned up
strongly, growing 9.0 percent in 2004 after decreasing
3.4 percent in 2003; the machinery manufacturing in
dustry increased 9.2 percent after decreasing 1.1 per
Chart 2. Sector Contributions to Annual Growth
in Real Gross Domestic Product
Percentage points
1
2
3
4
5
6
4.1
4.05
0.02
0.03
0.02
0.12
4.04
0.08
-0.01
0.02
0.12
0.36 0.24
0.13 0.31
0.23 -0.07
0.06 0.13
0.15 0.24
0.59
0.44
0.14
0.27
0.43
0.83
0.80
0.03
0.44
0.44
12
13
14
Transportation and warehousing................... -0.08
Information....................................................... 0.19
Finance, insurance, real estate, rental, and
leasing..........................................................
0.76
Finance and insurance............................... 0.33
Real estate and rental and leasing........... 0.43
0.07
0.10
0.11
0.12
0.12
0.56
0.14
0.35
0.19
0.17
0.01
0.70
0.47
0.24
0.79
0.08
0.70
0.84
0.47
0.37
Professional and business services............. -0.08 -0.02
Professional, scientific, and technical
services.................................................... 0.04 -0.10
Management of companies and
enterprises............................................... -0.03 0.05
Administrative and waste management
services.................................................... -0.08 0.03
0.36
0.73
0.57
0.15
0.47
0.43
0.06
0.11
0.02
0.15
0.15
0.11
15
16
17
18
19
22
23
24
25
26
27
28
29
30
31
32
33
4.2
Manufacturing................................................... -0.80
Durable goods............................................. -0.51
Nondurable goods....................................... -0.29
0.41
Wholesale trade..............................................
Retail trade.......................................................
0.46
21
U.S. Bureau of Economic Analysis
Percent change:
Gross domestic product..................................
0.8
1.6
2.7
Percentage points:
Private industries..............................................
0.80 1.25 2.40
Agriculture, forestry, fishing, and hunting.... -0.06 0.05 0.07
Mining................................................................ -0.07 -0.07 -0.02
Utilities............................................................... -0.10 0.08 0.15
Construction..................................................... 0.01 -0.09 -0.06
7
8
9
10
11
20
NOTE. Percentage point contributions do not sum to gross domestic product, because
the contribution of “not allocated by industry” is excluded.
Average
annual
rate of
2003 2004
change
19952000
Educational services, health care, and
social assistance.........................................
Educational services..................................
Health care and social assistance............
Arts, entertainment, recreation,
accommodation, and food services..........
Arts, entertainment, and recreation..........
Accommodation and food services...........
Other services, except government..............
Government........................................................
Federal.............................................................
State and local.................................................
Addenda:
Private goods-producing industries1.................
Private services-producing industries2............
Information-communications-technologyproducing industries3.....................................
0.22
0.00
0.22
0.31
0.02
0.29
0.21
0.01
0.20
0.25
0.01
0.24
0.09
0.02
0.08
-0.03
0.03
-0.05
-0.04
0.10
-0.06
0.16
0.06
0.03
0.03
0.01
0.21
0.08
0.13
0.11
0.01
0.10
0.03
0.16
0.08
0.09
0.11
0.02
0.09
0.03
0.12
0.06
0.06
0.13
0.03
0.10
0.00
0.15
-0.02
0.17
-0.92
1.72
0.25
1.00
0.23
2.17
0.75
3.29
1.02
3.03
-0.01
0.08
0.26
0.47
0.89
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
N ote . Percentage-point contributions do not sum to the percent change in gross domestic product because
the contribution of “not allocated by industry” is excluded.
December 2005
Survey
of
C urrent B usiness
increases for petroleum and farm output raised the
mining and agriculture, forestry, fishing, and hunting
industry groups’ shares of GDP; these two groups ac
counted for 2.7 percent of GDP in 2004, compared
with 2.2 percent in 2003 (table C). The manufacturing
industry group’s share of GDP continued its down
trend, decreasing from 13.2 percent in 2001 to 12.1
percent in 2004.
Table C. Value Added by Industry Group as a Percentage
of Gross Domestic Product
Line
2001
1
G ro s s d o m e s tic p ro d u c t.........................................
? P riv a te in d u s trie s .................................................................
3 Agriculture, forestry, fishing, and hunting..............
4 Mining........................................................................
5 Utilities.......................................................................
6 Construction..............................................................
7
8
9
10
11
12
13
14
15
16
17
2002
2003
2004
higher value-added prices for these industries by
causing their output prices to increase more than their
input prices.
Table D. Percent Changes in Chain-Type Price Indexes
for Value Added by Industry Group
Line
2001 2002
1
G ro s s d o m e s tic p ro d u c t...................................
2 P riva te in d u s tr ie s ..........................................................
3 Agriculture, forestry, fishing, and hunting..........
4 Mining....................................................................
5 Utilities...................................................................
6 Construction.........................................................
100.0
100.0
100.0
100.0
87.6
87.2
87.1
87.4
1.0
1.2
2.0
4.6
0.9
1.0
2.0
4.6
1.0
1.3
2.0
4.6
1.2
1.5
2.0
4.7
Manufacturing...........................................................
Durable goods.......................................................
Nondurable goods................................................
Wholesale trade........................................................
Retail trade.................................................................
13.2
7.7
5.6
6.0
6.8
12.9
7.4
5.5
5.9
6.9
12.5
7.2
5.3
5.8
6.8
12.1
7.0
5.1
5.9
6.7
Transportation and warehousing.............................
Information.................................................................
Finance, insurance, real estate, rental, and
leasing....................................................................
Professional and business services.......................
Educational services, health care, and social
assistance.............................................................
Arts, entertainment, recreation, accommodation,
and food services.................................................
Other services, except government.......................
2.9
4.7
2.9
4.6
2.9
4.5
2.8
4.6
15
16
20.3
11.5
20.5
11.4
20.6
11.3
20.6
11.5
17
7.3
7.6
7.8
7.7
3.6
2.4
3.6
2.4
3.6
2.4
3.6
2.4
12.4
12.8
12.9
12.6
20.0
67.6
19.5
67.8
19.4
67.7
19.5
67.9
4.2
4.0
3.8
3.8
18
19 G o v e rn m e n t............................................................................
Private goods-producing industries1......................
Private services-producing industries2..................
Information-communications-technologyproducing industries3...........................................
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
Value-added prices. Growth in value-added prices,
which reflect changes in prices for labor and capital
(unit costs) and changes in profit margins, stabilized
for private goods-producing industries in 2004 (table
D). These industries accounted for a fourth (0.65 per
centage point) of the 2.6-percent GDP price growth in
2004 and a third (0.61 percentage point) of the 2.0percent growth in 2003 (chart 3 and table E). In con
trast, value-added prices of private goods-producing
industries restrained GDP price growth in 2002 (-0.16
percentage point).
The oil and gas extraction industry and the petro
leum and coal products industry were again strong
contributors to GDP price growth in 2004, but not as
strong as in 2003. Together, these two industries ac
counted for 9.0 percent (0.24 percentage point) of
GDP price growth in 2004, compared with 23.0 per
cent (0.46 percentage point) in 2003. The stronger
contribution by these industries to GDP prices in 2003
reflected rising petroleum prices, which contributed to
Average
annual
rate of
2003 2004
change
19952000
2.4
1.7
2.0
2.6
2.0
1.5
1.9
2.5
1.4
6.6
3.3
12.4
7.5
-7 .5
-4.2
-1 .7
4.8
11.2
35.6
-0.4
5.3
1.7
21.8
18.1
4.5
7.0
-5.1
11.6
-0.4
5.6
7
8
9
10
11
Manufacturing.......................................................
Durable goods..................................................
Nondurable goods............................................
Wholesale trade...................................................
Retail trade...........................................................
-0.4
-4.3
5.5
-4.1
-2.4
-1.9
-2.2
-1 .4
0.4
1.8
-0.6 -1 .0
-2.8 -1.3
2.3 -0.6
0.6
4.9
0.8 -1.1
-1.4
-3.6
1.9
-1.7
-1.3
12
13
14
Transportation and warehousing........................
Information............................................................
Finance, insurance, real estate, rental, and
leasing................................................................
Professional and business services...................
Educational services, health care, and social
assistance.........................................................
Arts, entertainment, recreation,
accommodation, and food services..............
Other services, except government...................
1.1
0.0
0.3
-0 .9
1.9 -0.5
-0.8 -2.9
1.4
0.3
2.7
2.9
3.1
2.1
2.0
0.7
2.8
2.8
2.4
3.5
5.6
3.8
3.5
3.6
3.5
4.0
7.2
3.7
4.2
1.5
3.5
3.3
3.8
3.3
4.8
38
4.6
4 .4
39
2.7
1.8
2.1
-0.8
2.2
3.2
1.5
3.3
2.3
0.3
1.8
-8.6
-3 .7
-5.3
-6.3
-9.0
18
19 G o v e r n m e n t......................................................................
Addenda:
20
21
22
Private goods-producing industries'..................
Private services-producing industries2.............
Information-communications-technologyproducing industries3......................................
A d d en d a:
20
21
22
21
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
Chart 3. Sector Contributions to Annual Growth
in the Chain-Type Price Index for Gross Domestic
Product
Percentage points
3 .0
2 .5
Services-producing sector
Goods-producing sector
I Government
2 .0
1 .5
1.0
0 .5
0
J_____________|_____________|_____________L
- 0 .5
1 9 9 5 -2 0 0 0
2001
2002
2003
2004
NOTE. Percentage point contributions do not sum to gross domestic product, because
the contribution of “not allocated by industry” is excluded.
U.S. Bureau of Economic Analysis
Annual Industry Accounts
22
In general, an industry’s value-added price index
will increase if the industry’s output prices increase
more (or decrease less) than its input prices. Alterna
tively, an industry’s value-added price index will de
cline if its input prices increase more (or decrease less)
than its output prices.4 In 2003, output prices in
creased more than input prices in both the oil and gas
extraction industry and the petroleum and coal prod
ucts industry, indicating that input price increases
were fully shifted forward to customers in the form of
higher output prices. However, this relationship be
tween input prices and output prices was not typical.
4. For m ore information on value-added price indexes, see the box on
page 77.
Table E. Contributions to Percent Change in the Chain-Type Price
Index for Gross Domestic Product by Industry Group
Line
2001
Average
annual
rate of
2004
change
19952000
2002
2003
1 .7
2 .0
2 .6
1 .7
1.31
1.79
1.62
0 .0 6 - 0 .0 7
0 .1 0
0 .0 4 -0 .0 5
0 .3 5
0 .2 3 -0 .0 3 -0 .0 1
0 .2 2
0 .2 4
0 .3 3
2 .1 8
0 .2 3
0 .2 3
0 .0 9
0.3 2
1.22
- 0 .0 6
0 .1 2
-0 .0 1
023
- 0 .2 5 - 0 .0 8 -0 .1 3
- 0 .1 7 -0 .2 1 - 0 .1 0
-0 .0 8
0 .1 2 - 0 .0 3
0 .0 4 0.2 9
0 .0 2
0 .1 3
0 .0 5 - 0 .0 7
-0 2 2
-0 .3 4
0.1 2
-0 .1 1
-0 .0 9
P e rc e n t ch an g e:
1
G ro s s d o m e s tic p ro d u c t.........................................
2 .4
P e rc e n ta g e p o in ts :
2
3
4
5
6
P riv a te in d u s trie s .......................................................
Agriculture, forestry, fishing, and h u n tin g .......
M inin g...........................................................................
U tilities..........................................................................
C onstruction...............................................................
7
8
9
10
11
M anufacturing............................................................
D urable g o o d s ......................................................
Nondurable g o o d s ..............................................
W holesale tr a d e .......................................................
Retail tra d e .................................................................
12
13
14
Transportation and w a re h o u sin g .......................
In fo rm atio n .................................................................
Finance, insurance, real estate, rental, and
le a s in g .....................................................................
Finance and in s u ra n c e .....................................
R eal estate and rental an d leas in g ..............
15
16
17
18
19
20
21
Professional and business s e rv ic e s .................
Professional, scientific, and technical
services...............................................................
M an a g em en t of com panies and
en terp rises........................................................
Administrative and w aste m anagem ent
services...............................................................
25
26
27
Educational services, health care, a n d social
assistan ce...............................................................
Educational s e rv ic e s .........................................
Health care and social a s sistan ce...............
Arts, entertainm ent, recreation,
accom m odation, and food s e rv ic e s.............
Arts, entertainm ent, an d recre atio n.............
Accom m odation an d food services..............
O ther services, except governm ent..................
28
29
30
G o v e rn m e n t..................................................................
F e d e ra l.........................................................................
S tate and local...........................................................
31
32
33
Addenda:
Private goods-producing in d u s trie s '....................
Private services-producing in d u s tries2................
Inform ation-com m unications-technologyproducing industries3 .............................................
22
23
24
- 0 .0 5
- 0 .3 6
0.31
- 0 .2 6
- 0 .1 7
0 .0 4
0.01
0 .0 0 -0 .0 4
0 .0 5 -0 .0 1
- 0 .0 4 - 0 .1 3
0.6 2
0 .2 2
0 .4 0
0 .4 2
0.1 2
0 .2 9
0 .5 8
0.3 0
0.2 8
0.4 6
0 .1 3
0 .3 3
0 .3 3
0 .2 4
0.0 8
0.31
0.3 8
0 .2 0
0 .1 7
0 .0 5
0 .0 5
0 .1 5
- 0 .0 2
0.01
0.01
0 .1 5
0.11
0.1 5
0 .0 7
0.01
0.11
0 .1 2
0.3 9
0.0 6
0 .3 3
0 .2 8
0 .0 6
0 .2 2
0 .2 7
0 .0 5
0 .2 2
0 .2 8
0 .0 5
0 .2 2
024
0 .0 4
020
0 .1 4
0 .0 4
0 .1 0
0 .1 6
0 .1 3
0 .0 3
0 .1 0
0 .1 0
0 .0 6
0 .0 3
0.0 3
0 .0 8
0 .1 2
0.0 3
0 .0 9
0 .0 9
0.11
0 .0 4
0.0 8
0.11
0.4 6
0 .1 3
0 .3 3
0 .5 8
0 .2 3
0 .3 4
0 .5 5
0.21
0.3 5
0.4 9
0 .1 9
0 .3 0
0 .3 4
0.11
023
0 .3 9 - 0 .1 6
1.40
1.46
0.61
1.00
0 .6 5
1.53
0 .0 7
1.15
- 0 2 2 - 0 .2 5
- 0 .4 2
- 0 .1 6
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing
2. Consists of utSties; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
Note. Percentage-point contributions do not sum to the percent change in gross domestic product because
the contribution of “not allocated by industry”is excluded.
Overall, input prices increased more (or decreased
less) than output prices in 18 o f the 25 private goodsproducing industries in 2003 and 2004 (table F). In
manufacturing, input prices increased more (or de
creased less) than output prices in 16 o f the 19 indus
tries in 2003 and 2004.
Table F. Comparison of Input and Output Price Changes
[N um b er of industries w hose interm ediate input prices
increased faster or d ecreased slow er than their output prices]
All industries (6 5 industries)..........................................................................
Private goods-producing (2 5 in d u s tries).............................................
Manufacturing (1 9 industries).............................................................
Private services-producing (3 6 industries).........................................
G overnm ent (4 in d u s trie s )........................................................................
2001
2002
2003
2004
12
6
4
6
0
20
12
9
8
0
44
18
16
23
3
42
18
16
21
3
Petroleum price effects. The oil and gas extraction
industry sells products and services at prices that fluc
tuate with the price of crude petroleum. In 2004, these
price changes affected industries in various ways.
In the oil and gas extraction industry, rising crude
petroleum prices contributed directly to current-dollar
increases in its gross output and value added. Gross
output increased 19 percent, and value added in
creased 24 percent. However, after inflation is ac
counted for, real value added decreased 1.0 percent.
In industries that consume crude and refined pe
troleum and petroleum products as intermediate in
puts, the effect of increasing petroleum prices on
their value-added prices depends on how much of the
0 .0 4
0.01
0 .5 3
0 .1 0
0 .4 4
-0 .4 1
December 2005
Data Availability
The integrated annual GDP-by-industry and 1-0 esti
mates for 1998—2004 and historical estimates of GDPby-industry for 1947—1997 are available on BEA’s Web
site. Go to < www.bea.gov> and click on “Annual
Industry Accounts.” For the GDP-by-industry tables,
click on “Interactive Tables” under “Gross Domestic
Product (GDP) by Industry.” Online tools are avail
able for users to customize tables so that they show
data only for the industries and years of interest. Tools
are also available for users to create graphs of data and
to download tables to update spreadsheets.
For the 1-0 tables, from the “Annual Industry
Accounts” page, click on “Interactive Tables” under
“Input-Output (I-O) Accounts.” Online tools are
available for users to create and store unique levels of
aggregation of data for specific commodities and
industries. Tools are also available for users to view
and download entire 1-0 tables, including the “make”
and “use” tables. Users can also create and store
unique levels of aggregation of data for specific com
modities and industries.
December 2005
Survey
of
C urrent B usiness
23
and related activities” industry, a component of the
finance and insurance industry group, decreased 0.8
percent after increasing 7.5 percent in 2003. The
“insurance carriers and related activities” industry
fell 1.5 percent after increasing 4.0 percent in 2003.
Together, these two industries accounted for 6 per
cent of the economy.
Contributions to GDP growth. In 2004, private
services-producing industries, which account for twothirds of the economy, accounted for almost four-fifths
(3.29 percentage points) of the 4.2-percent growth of
the economy (chart 2). All private services-producing
industry groups except utilities increased or main
tained their percentage point contribution to the over
all change in real GDP growth (table B). The largest
contributions to real GDP growth were made by fi
nance, insurance, real estate, rental, and leasing indus
tries (0.79 percentage point), professional and business
services industries (0.73 percentage point), and infor
Private services-producing industries
mation industries (0.56 percentage point).
Value-added prices. Private services-producing in
Real growth. Private services-producing industries ac
celerated, growing 4.9 percent in 2004 after growing dustries accounted for almost 60 percent (1.53 per
3.2 percent in 2003 and 1.5 percent in 2002 (chart 1). centage points) of the 2.6-percent growth in GDP
Growth in this sector exceeded overall GDP growth in prices (chart 3). In 2003, these industries accounted
2004 and 2003. The information industry group was a for half (1.00 percentage point) of the 2.0-percent
key driver of growth in this sector, growing 12.8 per growth in GDP prices. In 2004, strong contributions to
cent in 2004, compared with 2.7 percent in 2003 (table GDP price growth were made by the finance, insur
A). In the information industry group, real growth was ance, real estate, rental, and leasing industries (0.58
strong in the broadcasting and telecommunications in percentage point), professional and business services
dustry, increasing 14.7 percent in 2004 after increasing (0.31 percentage point), and educational services,
1.7 percent in 2003. In 2004, this industry accounted health care, and social assistance (0.28 percentage
for 3 percent of GDP but for 9 percent of GDP growth. point) (table E).
The new KLEMS estimates provide details on the
Overall, 30 of the 36 services-producing industries
expanded in 2004, and 23 grew at a faster rate than in impact of energy, materials, and purchased-services in
2003. Notable performance by industries include the put prices on value-added prices. In 2003 and 2004,
prices of energy and materials inputs consumed by pri
following:
•The “miscellaneous professional, scientific, and vate services-producing industries increased more
technical services” industry grew 9.6 percent in than output prices, putting downward pressure on
2004, compared with 2.4 percent in 2003. In 2004, their value-added prices. Output prices for private serthis industry accounted for only 4 percent of the vices-producing industries increased 2.0 percent in
economy but 9 percent of overall economic growth. 2003 and 2.6 percent in 2004. Prices of energy inputs
•The real estate services industry grew 6.1 percent in consumed by these industries increased 12.8 percent in
2004, compared with 2.2 percent in 2003. In 2004, 2003 and 10.4 percent in 2004. Prices of materials in
this industry accounted for 12 percent of the econ puts increased slightly more than output prices in 2003
and 2004. Consequently, profit margins were squeezed,
omy but 17 percent of overall economic growth.
•The securities, commodity contracts, and invest and value-added price increases were less (1.5 percent
ments industry grew 10.1 percent in 2004, com in 2003 and 2.3 percent in 2004) than output price in
pared with 3.2 percent in 2003. In 2004, this creases for these industries.
The same dynamic can be seen in the transportation
industry accounted for 1 percent of the economy,
and warehousing industry group. Energy inputs for in
but 3 percent of overall economic growth.
•The “Federal Reserve banks, credit intermediation, dustries in this group accounted for larger shares of the
increase gets passed through to their customers. If the
pass through is complete, the industry’s profit margin
is not affected, and the value-added price index is only
slightly affected. If only part of the rise in intermediate
prices is passed through, the industry’s profit margin is
squeezed, and its value-added price index declines. For
example, input prices in the air transportation indus
try increased 8.0 percent in 2004, but this industry’s
output prices decreased 2.6 percent, indicating that the
industry may not have been able to pass through the
increase in intermediate input prices. That contributed
to a drop in profits and the 13.8-percent decrease in its
value-added price index.
The KLEMS composition of industries’ inputs
shows that energy inputs, including crude petroleum
and refined petroleum products, are heavily consumed
by government, manufacturing, transportation and
warehousing, utilities, and real estate.
24
Annual Industry Accounts
value of gross output (7 to 9 percent) than overall pri
vate services-producing industries (2 percent). Output
prices o f transportation and warehousing industries
increased 3.3 percent in 2003 and 2.4 percent in 2004.
Prices of energy inputs of these industries increased
15.9 percent in 2003 and 19.8 percent in 2004. Prices of
materials and purchased-services inputs also increased
slightly more than output prices in 2004. Conse
quently, profit margins were squeezed, and valueadded price changes (a 1.9-percent increase in 2003
and a 0.5-percent decrease in 2004) were less than out
put price changes.
Information-communications-technologyproducing industries
Real growth in ICT-producing industries accelerated
more than any other industry group from 2.0 percent
in 2002 to 6.7 percent in 2003 to 12.9 percent in 2004
(table A). In 2004, real growth was 21.1 percent in
computer and electronic products manufacturing, 10.1
percent in publishing industries (includes software),
12.2 percent in information and data processing ser
vices, and 8.1 percent in computer systems design and
related products.
In 2002, ICT-producing industries, which ac
counted for 4 percent of the economy, accounted for
5.0 percent (0.08 percentage point) of the 1.6-percent
growth in real GDP (table B). In 2004, these industries
accounted for 11 percent (0.47 percentage point) of the
4.2-percent growth in real GDP.
In 2004, ICT-producing industries’ current-dollar
value added increased 5.8 percent, reflecting a 7.7-percent increase in current-dollar output and a 9.5-percent increase in current-dollar intermediate inputs.
Real value added increased 12.9 percent in 2004. The
larger increase in real value added reflected the follow
ing: Gross output prices declined 2.5 percent, resulting
in 10.5-percent growth in real gross output, while in
termediate input prices rose 1.2 percent, resulting in
real intermediate inputs growth o f 8.2 percent.
Composition of value added
As noted, an industry’s value added equals its gross
output minus its consumption of intermediate (sec
ondary) inputs. Value added consists of the incomes
earned by the industry’s primary inputs of labor and
capital. The return to labor is approximated by the in
dustry’s compensation of employees; the return to cap
ital is approximated by the industry’s gross operating
surplus plus taxes on production and imports, less
subsidies.
In several industry groups, notably durable-goods
manufacturing and information, returns to capital, as
a share of value added, fell in 1998-2000 or 1998-2001
Decem ber 2005
and then rose through 2004 (chart 4).5 The annual
changes in labor and capital shares were strongly influ
enced by changes in the gross operating surplus, which
includes corporate profits, proprietors’ income, and
rental income of persons.
For all private industries, the return to capital as a
share of value added decreased from 46.3 percent in
1998 to 44.9 percent in 2001 and then increased gradu
ally to 47.1 percent in 2004. The labor share of value
added decreased from 55.0 percent in 2001 to 52.9 per
cent in 2004.
In ICT-producing industries, the return to capital as
a share of value added decreased from 28.5 percent in
1998 to just 14.2 percent in 2001 and then rebounded
sharply to 23.8 percent in 2004. This pattern reflected
significantly lower corporate profits before tax in ICTproducing industries in 2001. The labor share of value
added decreased from 85.8 percent in 2001 to 76.2 per
cent in 2004.
For private goods-producing industries, the return
to capital as a share of value added decreased from 39.6
percent in 1998 to 36.9 percent in 2001 and then re
bounded to 40.5 percent in 2004. The labor share of
value added decreased from 63.1 percent in 2001 to
59.5 percent in 2004.
In private goods-producing industries, the durablegoods manufacturing industries’ capital and labor
shares stand out. Returns to capital as a share of value
added decreased from 32.3 percent in 1998 to 25.0 per
cent in 2001 and then rebounded to 27.1 percent in
2004. The labor share decreased from 75.0 percent in
2001 to 72.9 percent in 2004.
For private services-producing industries, the re
turn to capital as a share of value added decreased from
48.6 percent in 1998 to 46.7 percent in 2000 and then
rebounded to 49.0 percent in 2004. The labor share de
creased from 53.2 percent in 2000 to 51.0 percent in
2004. Among private services-producing industries,
the information industries’ returns to capital a share
of value added decreased from 51.4 percent in-*1998 to
45.9 percent in 2000 and then rebounded strongly to
56.5 percent in 2004. The labor share decreased from
54.1 percent in 2000 to 43.5 percent in 2004.
For government, the return to labor increased from
83.7 percent to 85.7 percent. The Federal Govern
ment’s return to labor as a share of value added in
creased from 76.5 percent in 1998 to 80.4 percent in
2004; state and local governments’ labor share in
creased from 87.1 percent in 1998 to 88.3 percent in
2004.
5.
Estimates for 1998-2004 are prepared using the integrated annual
input-output (I-O ) accounts and GDP-by-industry accounts methodology
(see the appendix).
Survey
December 2005
of
25
C urrent B usiness
D om estic S up ply and Its Uses
D o m e s tic s u p p ly
The value of commodities (goods and services) that
are available for domestic use is termed “domestic sup
ply.” Domestic supply is reported for groups of related
commodities and is estimated by detailed commodity
as output by domestic producers plus imports (which
increase domestic supply) less exports (which decrease
domestic supply) less the change in private inventories
(which increases domestic supply when withdrawals
are made from inventories). Domestic supply is avail
able for consumption as a final use— personal con
sumption expenditures, private fixed investment,
government consumption expenditures, or gross in
vestment— and for consumption as an intermediate
input.
Imports as a share of domestic supply have risen
Chart 4. Components of Value Added as a Percentage of Total Value Added for Selected Industry Groups
Information-communications-technology-producing industries
All private industries
3
1
Durable-goods manufacturing
Private goods-producing industries
J________ i________ L
J________ I________ L
Information industries
Private services-producing industries
.....................................................................................................................................
J________ L
1998
1999
i
J________ I________ L
2000
2001
2002
2003
2004
1998
i
1999
i
2000
i
2001
i
2002
2003
Gross operating surplus ■ ■ T a x e s on production and imports less subsidies ■ ■ Compensation of employees
U.S. Bureau of Economic Analysis
2004
26
December 2005
Annual Industry Accounts
since 1998 (chart 5). Imports of goods as a percent of
total domestic supply increased 4.1 percentage points,
from 16.9 percent in 1998 to 21.0 percent in 2004. The
share of imported manufactured goods as a percent of
the total supply of these goods increased 5.0 percentage
points, from 20.4 percent to 25.4 percent. And the
share of imported mining commodities as a percent of
all mining commodities increased 10.6 percentage
points, from 26.9 percent in 1998 to 37.5 percent in
2004.
In contrast, imports accounted for only a small
share of the domestic supply of services. In fact, do
mestic output accounted for more than 100 percent of
the domestic supply of all services, and imports ac
counted for less than half of 1.0 percent in recent years.
Notably, the import share of professional and business
services, frequently associated with off-shoring, ac
counted for less than 1.0 percent of domestic supply in
all years. Exports of all services were roughly 3 percent
of the domestic supply in 1998-2004.
Chart 5. Imports as a Percentage of Domestic
Uses of domestic supply
Domestic supply is consumed either as a final purchase
or intermediate purchase. The value of final and inter
mediate purchases, as a percentage of domestic supply,
varies widely by commodity (chart 6).
Educational services, health care, and social assis
tance has the largest share of domestic supply con
sumed for final use (96.0 percent) and the smallest
share for intermediate use (4.0 percent). Mining has
the smallest share of domestic supply consumed for fi
nal use (13.0 percent) and the largest share for inter
mediate use (87.0 percent).
Overall, 48.0 percent of the domestic supply of all
goods and 55.0 percent of the supply of all services
were consumed for final use. The remaining 52.0 per
cent of the supply of goods and 45.0 percent of the
supply of services were consumed as intermediate in
puts.
Chart 6. Use of Domestic Supply as a Percentage of Domestic Supply
or Selected Commodity Groups, 2004_____________________________
U.S . B u re a u o f E c o n o m ic A n a ly s is
Percent
December 2005
Survey
of
27
C urrent B usiness
vate goods-producing industries was revised up 0.8
percentage point to 3.9 percent; growth in private serGDP-by-industry accounts
vices-producing industries was revised down 0.2 per
For 2004, the revised estimates of industry value added centage point to 4.9 percent (table H). Growth in all
were prepared using the integrated annual GDP-by-in- four private goods-producing industry groups was re
dustry and 1-0 accounts methodology (table G). More vised up. In private services-producing industries, a
complete, more detailed, and more reliable source data downward revision to growth in the finance, insur
were incorporated. The integrated accounts methodol ance, real estate, rental, and leasing industries was
ogy combines these source data within an input-out- more than offset by upward revisions to growth in the
put framework that balances and reconciles industry professional and business services industries and in in
production with commodity usage. The newly avail formation industries.
For 2003, the growth in private goods-producing
able source data include Census Bureau annual survey
data on gross output, Bureau of Labor Statistics data industries was revised down 1.6 percentage points, re
on producer prices, and BEA estimates of final demand flecting downward revisions in nondurable- and duraand industry returns to labor and capital from the ble-goods manufacturing industries. The downward
2005 annual revision of the national income and prod revision to growth in nondurable-goods manufactur
uct accounts (NIPAs). The previously published esti ing for 2003 was widespread. The downward revision
mates for 2004 were prepared using an abbreviated to growth in durable goods was concentrated in com
puter and electronic products; it also accounted for
methodology.
For 2002 and 2003, the revised estimates incorpo much of the downward revision to growth in ICT-prorate revised NIPA estimates and, for manufacturing, ducing industries in 2003.
Growth in private services-producing industries was
newly available source data from the 2002 Census of
Manufactures and the 2003 Annual Survey of Manu essentially unrevised in 2003, reflecting large offsetting
factures. The previously published manufacturing revisions to growth in the wholesale trade and infor
estimates for 2002 and 2003 reflected the use of Cen mation industry groups.
sus M3 survey data.
The revised estimates for 2004 show more balanced Input-output (l-O) accounts
growth among private goods-producing industries and The revised 1-0 tables for 2002-2003 incorporate re
private services-producing industries; growth in pri vised source data on gross output and value added by
R evisions
T a b le G . R e v is io n s t o V a lu e A d d e d b y In d u s t r y G r o u p
[Billions o f dollars]
2002
Line
Previously
Published
2004
2003
R evised
Revision
Previously
Published
R evised
Revision
Previously
Published
R evised
Revision
G ro s s d o m e s tic p ro d u c t...........................................................................
1 0 ,4 8 7 .0
1 0 ,4 6 9 .6
- 1 7 .4
1 1 ,0 0 4 .0
1 0 ,9 7 1 .2
- 3 2 .8
11 ,7 3 5 .0
1 1 ,7 3 4 .3
- 0 .7
2 P riv a te in d u s trie s ....................................................................................................
3
Agriculture, forestry, fishing, and hunting...................................................
4
M in in g ......................................................................................................................
5
U tilitie s.....................................................................................................................
6
C onstruction...........................................................................................................
9 ,15 4.1
9 6 .9
104 .9
2 1 0 .7
479.1
9 ,1 3 1 .2
9 5 .4
1 06.5
2 0 7 .3
4 8 2 .3
- 2 2 .9
-1 .5
1.6
- 3 .3
3.2
9 ,6 0 4 .2
1 1 3 .9
1 3 0 .3
2 2 2 .2
5 0 1 .3
9 ,5 5 6 .8
114.2
142 .3
2 2 2 .6
5 0 1 .0
- 4 7 .4
0 .3
12 .0
0 .5
-0 .3
1 0 ,2 7 6 .6
116 .6
147 .5
2412
5 4 1 .4
1 0 ,2 5 1 .0
1 41.6
1 7 1 .9
2 3 5 .3
5 4 9 .5
- 2 5 .6
2 5 .0
2 4 .4
- 6 .0
8.1
1
7
8
9
10
11
M anu facturing.......................................................................................................
D urable goo d s..................................................................................................
Nondurable g o o d s...........................................................................................
W holesale tra d e ....................................................................................................
Retail trad e..............................................................................................................
1 ,3 4 7 .2
7 7 1 .9
5 7 5 .3
6 2 4 .9
7 4 4 .3
1 ,3 5 2 .6
7 7 4 .8
5 7 7 .9
6 1 5 .4
7 1 9 .6
5 .5
2 .9
2 .6
- 9 .6
- 2 4 .7
1 ,4 0 2 .3
7 9 8 .0
6 0 4 .4
6 4 5 .4
7 7 0 .5
1 ,3 6 9 .2
7 8 5 .5
5 8 3 .7
6 3 3 .0
7 5 1 .0
-3 3 .1
- 1 2 .4
- 2 0 .6
- 1 2 .4
- 1 9 .5
1 ,4 9 4 .0
8 6 2 .6
6 3 1 .4
688.1
7 9 7 .6
1,420.1
824.1
596.1
6 9 4 .7
7 9 0 .4
- 7 3 .9
- 3 8 .6
- 3 5 .4
6 .6
12
13
14
15
16
Transportation an d w arehousing....................................................................
Inform ation..............................................................................................................
Finance, insurance, real estate, rental, an d leasing...............................
Professional an d business s erv ices.............................................................
Educational services, health care, a n d social assistan ce...................
3 0 4 .4
4 7 0 .0
2 ,1 4 8 .2
1 ,1 9 0 .0
7 9 9 .0
3 0 4 .6
4 8 3 .0
2 ,1 4 1 .9
1 ,1 8 9 .0
7 9 9 .6
0.1
13.0
-6 .3
-1 .0
0 .5
3 1 9 .3
4 9 3 .8
2 ,2 5 0 .3
1 ,2 4 4 .3
8 5 1 .2
3 2 1 .6
4 9 1 .8
2 ,2 6 0 .4
1,2 3 5 .9
8 5 0 .6
2 .3
- 2 .0
10.1
-8 .3
-0 .6
3 3 8 .6
5 4 7 .2
2 ,4 2 3 .7
1 ,3 4 1 .4
9 0 3 .9
3 3 2 .9
5 3 8 .7
2 ,4 1 2 .9
1 ,3 5 1 .9
9 0 9 .0
- 5 .7
- 8 .5
- 1 0 .8
10.5
5.1
17
18
Arts, entertainm ent, recreation, accom m odation, an d food services
O th er services, except g o ve rn m en t.............................................................
3 8 2 .3
252.1
3 8 1 .5
2 5 2 .5
-0 .8
0.4
3 9 6 .4
2 6 3 .0
3 9 8 .8
26 4 .3
2 .3
1 .3
4 1 9 .8
2 7 5 .5
4 2 4 .3
2 7 7 .7
4 .5
2 .3
19 G o v e rn m e n t...............................................................................................................
1 ,3 3 2 .9
1 ,3 3 8 .4
5 .5
1 ,3 9 9 .9
1 ,4 1 4 .5
1 4 .6
1 ,4 5 8 .4
1 ,4 8 3 .3
2 4 .9
A ddenda:
20
Private goods-producing industries1............................................................
21
Private services-producing industries2 .......................................................
Inform ation-com munications-technology-producing industries3
22
2,02 8.1
7 ,1 2 6 .0
4 1 4 .4
2 ,0 3 6 .9
7 ,0 9 4 .3
4 1 6 .6
8 .8
- 3 1 .7
2 .2
2 ,1 4 7 .8
7 ,4 5 6 .3
4 4 3 .8
2 ,1 2 6 .7
7 ,4 3 0 .0
4 2 0 .9
-2 1 .1
- 2 6 .3
- 2 2 .9
2 ,2 9 9 .5
7 ,9 7 7 .0
4 9 0 .4
2,28 3.1
7 ,9 6 7 .9
4 4 5 .2
- 1 6 .4
1. Consists of agriculture, foresty, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utRties; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment recreation, accommodation, and food services; and other
-1 2
-9 2
-4 5 .2
services, except government
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
Annual Industry Accounts
28
industry and on the final uses of commodities. The ef
fect of these revisions on the commodity estimates of
each industry’s intermediate inputs can be summa
rized by reviewing the number of commodity inputs
with revisions greater than 1 percent of their industry’s
gross output.
Most commodity input values are small relative to
their industry’s gross output. In 2002, of the 3,668 total
commodity inputs consumed by the 65 detailed indus
tries, values for 2,995 inputs (81 percent) were less
than or equal to 1 percent of their industry’s gross out
put. Values for 673 inputs were more than 1 percent of
their industry’s gross output (table I).
Table I. Revisions to Commodity Inputs to Industries
2002
Commodity inputs to industries, total............................................................
Commodity inputs greater than 0.01 of gross output..................................
Revisions of 0.01 or greater (absolute value)...............................................
0.01 to 0.019 (absolute value)....................................................................
0.02 to 0.029 (absolute value)....................................................................
0.03 to 0.039 (absolute value)....................................................................
0.04 or greater (absolute value).................................................................
2003
3,668
673
19
12
4
3
0
3,668
666
38
27
7
1
3
In 2002, revisions to 19 commodity inputs equaled
1 percent or more of their industry’s gross output (ab
solute value). Most of these revisions were less than 2
percent of gross output. In 2003, 38 commodity input
estimate revisions exceeded 1 percent, but as in the re
Decem ber 2005
sults in 2002, most revisions were less than 2 percent of
their respective gross output.
C hanges in Source D ata and M ethodology
The revised estimates incorporated three major
changes: (1) New source data and a new methodology
for accounting for costs to transport commodities by
truck, (2) an improved methodology for estimating
implicitly priced commercial bank services, and (3) an
improved methodology for estimating intermediate
inputs of residential housing.
Truck transportation costs by commodity. The 1-0
accounts distribute the annual output of each com
modity to final and intermediate (industry) consum
ers. This output is valued at producers’ prices, defined
as prices consistent with the receipts of producers, in
cluding any commodity taxes collected by the pro
ducer. To revalue commodities at purchasers’ prices,
meaning prices consistent with what consumers pay,
the transportation costs of moving goods from pro
ducers to consumers, as well as trade margins, are
added. To estimate truck transportation costs, the
value of truck transportation output is distributed
among the commodities that are trucked. Next, the re
sulting truck transportation cost for each commodity
is distributed among final and intermediate consum
ers.
Under BEA’s new approach, truck output is now
Table H. Revisions to Growth in Real Value Added by Industry Group
[Percent Change]
2002
Line
1
Previously
Published
Revised
2003
Revision
Previously
Published
Revised
2004
Revision
Previously
Published
Revised
Revision
G ro s s d o m e s tic p ro d u c t......................................................................................................
1.9
1.6
-0 .3
3.0
2.7
-0 .3
4 .4
4 .2
2 P riv a te in d u s tr ie s .............................................................................................................................
3 Agriculture, forestry, fishing, and hunting...................................................................
4 Mining..............................................................................................................................
5 Utilities............................................................................................................................
6 Construction..................................................................................................................
1.8
1.4
3.1
2.8
- 0 .3
4.6
4.6
0.0
6.8
-2.2
6.0
-2.6
5.5
-6.3
4.3
-2.0
-0 .4
- 1 .4
-4.2
-1.7
0.7
5.5
-7 .0
5.9
-0 .3
7.6
-1.5
7.8
-1.3
2.0
5.5
1.9
-1.1
-6.4
2.2
5.4
2.2
1.8
2.3
1.1
2.5
8.1
0.0
-4.3
0.3
- 0 .2
7
8
9
10
11
Manufacturing................................................................................................................
Durable goods............................................................................................................
Nondurable goods.....................................................................................................
Wholesale trade.............................................................................................................
Retail trade.....................................................................................................................
2.3
1.3
3.7
1.6
5.3
2.8
1.7
4.2
1.0
2.2
0.5
0.4
0.5
-0.6
-3.2
4.5
6.1
2.4
-1.9
5.6
1.9
4.3
-1.2
2.2
3.6
-2.6
-1.8
-3.6
4.1
-2.0
4.3
5.8
2.2
3.3
5.2
4.8
6.3
2.7
4.6
6.4
0.5
0.5
0.6
1.3
1.1
12
13
14
15
16
Transportation and warehousing.................................................................................
Information......................................................................................................................
Finance, insurance, real estate, rental, and leasing................................................
Professional and business services............................................................................
Educational services, health care, and social assistance.......................................
1.9
-0.3
1.4
1.3
3.8
2.2
2.1
0.9
-0.2
4.2
0.4
2.4
-0.5
-1.4
0.4
5.0
5.7
3.2
3.5
2.8
3.7
2.7
3.4
3.2
2.8
-1.4
-3.0
0.2
-0.3
0.0
3.3
9.8
5.6
4.8
2.7
4.0
12.8
3.8
6.4
3.2
0.7
3.0
-1 .8
1.6
0.5
17
18
Arts, entertainment, recreation, accommodation, and food services....................
Other services, except government............................................................................
1.8
-0.8
1.7
0.3
-0.1
1.2
1.9
0.5
2.9
1.1
1.0
0.6
4.5
7.1
3.0
1.2
-1.5
-5.8
19 G o v e r n m e n t.........................................................................................................................................
1.5
1.7
0.2
1.4
1.3
-0 .1
1.2
1.0
- 0 .2
1.1
2.0
2.0
1.3
1.5
2.0
0.1
-0.5
0.0
2.8
3.2
13.2
1.2
3.2
6.7
-1.6
0.1
-6.5
3.1
5.1
14.7
3.9
4.9
12.9
0.8
-0.2
-1.9
A ddenda:
20
21
22
Private goods-producing industries’ ...........................................................................
Private services-producing industries2......................................................................
Information-communications-technology-producing industries3.............................
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and
data processing services; and computer systems design and related services.
December 2005
Survey
of
C urrent B usiness
distributed in proportion to the shipping revenue by
commodity group as reported annually by trucking es
tablishments for the Census Bureau’s Service Annual
Survey. Previously, truck output was distributed in
proportion to the value o f commodities trucked as re
ported in the Census Bureau’s quinquennial Commod
ity Flow Survey. The improved source data and
methodology account for differences in trucking costs
for the various commodities and uses current-year in
formation.
Borrowers and depositors consumption of com
mercial banks’ implicitly priced output. BEA’s ac
counts recognize that the interest margins charged by
banks are substitutes for explicit fees for services pro
duced by banks. A “user cost” methodology is used to
measure these implicitly priced services. This method
ology uses a “reference rate” of interest to identify the
implicitly priced services consumed by borrowers and
those consumed by depositors. The reference rate rep
29
resents the risk-free opportunity cost to banks of lend
ing and borrowing funds. Implicitly priced borrower
services reflect the difference between the average rate
of interest that banks charge borrowers and the refer
ence rate; implicitly priced depositor services reflect
the difference between the reference rate and the aver
age rate of interest that banks pay depositors.
BEA incorporated a new methodology to calculate
the reference rate of interest as part of the 2005 annual
revision of the NIPAs. The new methodology excludes
commercial bank holdings of mortgage-backed securi
ties when calculating the reference rate of interest. Pre
viously, the reference rate of interest was the effective
rate of interest earned by banks on their holdings of
U.S. Treasury securities and all Federal agency securi
ties.
Because the reference rate of interest was revised
down, the value of implicitly priced services for bor
rowers (largely industries) for 2002-2004 was revised
Gross Output: Annual Industry Estim ates and Prelim inary Benchm ark 1-0 Estim ates
This revision of the annual industry accounts includes
revised estimates of industry and commodity gross out
put for 2002. These estimates differ from the preliminary
estimates of gross output from the 2002 benchmark
input-output (I-O) accounts that BEA published in Sep
tember 2005.1 While the previously published annual
estimates did a relatively good job of capturing overall
growth across industries, there are some differences.
For the annual industry accounts, estimates of gross
output are prepared by extrapolating corresponding esti
mates of gross output from the 1997 benchmark 1-0
accounts using related annual indicators of change in
gross output. These indicators are drawn from a wide
array of annual survey data such as the Census Bureau’s
Service Annual Survey.2 Although the annual surveybased indicators provide timely “best change” data on
gross output, they are subject to sampling and nonsam
pling errors. These errors accumulate as the extrapola
tion period gets further away from the benchmark 1-0
1. For more information about the preliminary estimates of gross out
put estimates in the 2002 benchmark 1 -0 accounts and their relation
ship with corresponding (pre-2005 annual revision) estimates from the
annual industry accounts, see Karla L. Stanley-Alien, Nicholas R.
Empey, Douglas S. Meade, Stanislaw J. Rzeznik, Mary L. Streitwieser,
and Monica S. Strople, “Preview of the Benchmark Input-Output
Accounts for 2002,” Survey of C urrent B usiness 85 (September 2005):
6 6 -7 7 .
2. For a more complete list of gross output extrapolators by industry,
see Brian C. Moyer, Mark A. Planting, Mahnaz Fahim-Nader, and Sherlene K.S. Lum, “Preview of the Comprehensive Revision of the Annual
Industry Accounts,” Survey 84 (March 2004): 3 8 -5 1 .
accounts reference year (in this case, 1997). In addition,
estimates in the annual industry accounts, including
gross output, are adjusted within a balanced input-out
put framework that makes these estimates fully consis
tent with the most recent estimates of final demand from
BEA’s national income and product accounts.
For the 2002 benchmark 1-0 accounts, preliminary
estimates of gross output for most industries and com
modities are prepared with “best level” data that are
drawn from the Census Bureau’s quinquennial Economic
Census. Though subject to further revision by the Census
Bureau, these preliminary data are comprehensive in
their coverage of establishments within each industry.
They are only slightly affected by sampling error. There
fore, the preliminary estimates of gross output from the
2002 benchmark 1-0 accounts are expected to be more
accurate than the corresponding 2002 estimates from the
annual industry accounts, particularly for industries and
commodities where Economic Census data are available.
Final estimates of gross output from the 2002 bench
mark 1-0 accounts, scheduled to be published in the
summer of 2007, will be incorporated into the annual
industry accounts during the next comprehensive revi
sion, scheduled for publication in 2009. Other estimates
from the 2002 benchmark 1-0 accounts, and the results
of the 2008 comprehensive revision of the national
income and product accounts will also be incorporated
into the annual industry accounts at that time.
Matthew J. Gruenberg
Annual Industry Accounts
30
up in all years, and industries’ value added was revised
down by a corresponding amount. The downward re
vision to value added is recorded in GDP as a down
ward revision to depositors’ (largely households) final
consumption of implicitly priced bank services.
Intermediate inputs o f residential housing. BEA’s
methodology to estimate maintenance and repair ex
penses of residential housing now reflects a growth rate
based on a 3-year moving average calculated with data
from the Census Bureau’s Expenditures for Residential
Improvements and Repairs (C -50) report. The revised
estimates of maintenance and repair expenses are re
flected in estimates of value added— specifically, the
gross operating surplus— for real estate. This new
methodology was incorporated into the NIPAs during
the last annual update. Previously, maintenance and
repair expenses reflected current-year growth in esti
mates from the C -50 report.
A pp endix: A nnual Industry
A cco u n ts M ethod ology
The annual input-output (I-O) accounts and the GDPby-industry accounts are created using an integrated
methodology that makes the annual estimates of gross
output, intermediate inputs, and value added by in
dustry more timely and consistent than previously
possible.6 Industry estimates are published for 65 de
tailed industries, as defined by the 1997 North
American Industry Classification System (NAICS).
Commodity estimates are published at the same level
of detail plus four unique commodities.7 Estimates of
final uses and value added are also included in the an
nual publication. Compared with previous methodol
ogies, the integrated methodology is applied at a finer
level of industry and commodity detail to enhance the
accuracy of aggregate level estimates.
The integrated annual I-O accounts and GDP-by6. For more information pertaining to the integrated annual industry
accounts, see Brian C. Moyer, Mark A. Planting, Mahnaz Fahim-Nader, and
Sherlene K.S. Lum, “Preview of the Comprehensive Revision of the Annual
Industry Accounts,” Survey 84 (March 2004): 3 8 -5 1 .
7. These special commodities consist of noncomparable imports; scrap,
used and secondhand goods; rest of the world adjustment to final uses; and
inventory valuation adjustment.
Decem ber 2005
industry accounts are prepared in five steps.
Step one. Industry estimates of current-dollar value
added for 2002-2004 are extrapolated forward from
the annual industry accounts estimates for 2001, which
were not revised, by the percentage changes in the an
nual estimates of gross domestic income (GDI) from
the NIPAs. The GDI-by-industry estimates consist of
compensation of employees, taxes on production and
imports less subsidies, and gross operating surplus.
Additionally, BEA uses data on employment to convert
the corporate data on profits before tax, net interest,
and capital consumption allowances from an enter
prise basis to an establishment basis. Finally, the statis
tical discrepancy, the difference between GDI and GDP
from the NIPAs, is distributed among the industries. In
general, annual revisions to the industry estimates of
value added largely reflect revisions to the components
of GDI and to the statistical discrepancy from the an
nual NIPA revision.
Step two. Industry estimates of gross domestic out
put for 2002-2004 are extrapolated from the 2001 esti
mates. The extrapolators for these estimates are
prepared using a wide array of source data, which in
clude surveys from the Bureau of the Census and the
Bureau of Labor Statistics, 2002 Economic Census data
for manufacturing, and other data.8 Annual revisions
to industry estimates of gross output are due to revi
sions in these source data.
Step three. The initial commodity composition of
intermediate inputs is calculated for each industry by a
process that uses the direct requirements coefficients
from 2001. First, the industry’s gross output for a given
year is revalued in the commodity prices of the previ
ous year. Next, the revalued gross output is multiplied
by the industry’s direct requirements coefficients from
2001.9 Finally, the resulting commodity estimates of
intermediate inputs for the industry are revalued in the
commodity prices of the current year.
8. The estimates of the com modity composition of extrapolated industry
gross output are largely consistent with the 1997 benchmark I-O relation
ships for nonmanufacturing industries and with current survey data for
manufacturing industries.
9. Direct requirements coefficients specify the amount of each com m od
ity required by the industry to produce a dollar of output.
December 2005
Survey o f C u rre n t Business
Step four. The domestic supply of each commodity
and the commodity composition of each GDP expen
diture component are estimated. The initial commod
ity compositions for these expenditure components
are estimated using commodity-flow relationships
from the revised 1997 benchmark 1 -0 accounts. The
annual 1 -0 use tables are then balanced using a bipro
portional adjustment procedure to ensure that inter
mediate and final use of commodities is consistent
with domestic supply, that intermediate use is consis
tent with gross output and value added, and that final
use is consistent with the final expenditure compo
nents from the NIPAs. The measures of gross output,
intermediate inputs, and value added are then incor
porated into the GDP-by-industry accounts.
Step five. Price and quantity indexes for the GDPby-industry accounts are prepared in three steps. First,
indexes are derived for gross output by separately de
flating each commodity produced by an industry that
is included as part of its gross output. Next, indexes for
intermediate inputs are derived by deflating all com
modities that are consumed by an industry as interme
diate inputs in the annual 1 -0 use tables.10 Finally,
indexes for value added by industry are calculated us
ing the double-deflation method in which real value
added is computed as the difference between real gross
output and real intermediate inputs.11
10. For the source data used to prepare the com modity price indexes for
deflation, see Moyer et al. 4 8 -4 9 .
11. Separate estimates of gross output and intermediate inputs are com
bined in a Fisher index-number formula in order to generate the indexes
for value added by industry. This method is preferred because it requires
the fewest assumptions about the relationships among gross output by
industry and intermediate inputs by industry.
31
Acknowledgm ents
George M. Smith, Assistant to the Chief of the Current
Industry Analysis Division (CIAD), supervised the
preparation of this year’s annual revision of the
Annual Industry Accounts. Sumiye Okubo, Associate
Director for Industry Accounts, and Ann M. Lawson,
Chief of the Current Industry Analysis Division, pro
vided overall guidance. Pat A. Wilkinson provided
secretarial and program assistance.
Kevin B. Barefoot, Thomas F. Howells III, Anna M.
lacobson, Paul V. Kern, Ann M. Lawson, Sarah R.
Mattingly, William H. Nicolls IV, Erich H. Strassner,
and Cameron T. Vincent helped prepare this article.
Felicia V. Candela and William H. Nicolls IV devel
oped and operated the computer systems that were
used to compile, check, analyze, and report the final
estimates. Other CIAD staff that made significant con
tributions to the annual revision are listed below by
area of expertise.
Agriculture, business services, and personal services:
Sherlene K.S. Lum, Matthew J. Gruenberg, Tameka
R.L. Harris, and Brian M. Lindberg. Transportation,
utilities, and government: Paul V. Kern, Greg R. Linder,
Sarah R. Mattingly, and Cameron T. Vincent. Mining,
construction, manufacturing, trade: Robert I. McCahill,
Kevin B. Barefoot, Anna M. Jacobson, Amanda C.
Roberts, and Shawn L. Snyder. Value added, real mea
sures, prices: Erich H. Strassner, Thomas F. Howells III,
Gabriel W. Medeiros, and Conrad E. Roesch.
Emily J. Dozier, Karen J. Horowitz, Mark A. Plant
ing, and Robert E. Yuskavage of the Industry Accounts
Directorate provided valuable assistance to the review
of the estimates. Staff members of the Office of the
Chief Information Officer, particularly Stephen P.
Holliday, Brian D. Kajutti, Paul A. Kilday, Douglas J.
Klear, Janice E. Townsend, and Rajeshwari R. Bhosale
helped reengineer the data-processing applications
that were used to prepare the estimates.
A box on the annual 1-0 tables and the health care industry, a guide to the annual industry accounts
tables, and tables 1-24 follow.
A n nual Industry A ccounts
32
December 2005
Annual Input-Output Tables and
The annual input-output (I-O) tables available from the annual
industry accounts provide useful tools for analyzing structural
changes in the U.S. economy. They show how industries pro
vide input to, and use output from, each other to produce gross
domestic product (GDP), providing detailed information on
the flows of goods and services in the production processes of
industries.
The annual I-O accounts consist of a standard make table, a
standard use table, and six supplementary tables (make, use,
and four requirements). The industries in the standard tables
are based on the North American Industry Classification Sys
tem (NAICS), as are the industries in the GDP-by-industry
accounts. The supplementary tables provide estimates after
redefinitions are made. Redefinitions are made when the input
structure for a secondary product of an industry differs signifi
cantly from the input structure for the primary product of that
industry.1 The usefulness of these tables can be illustrated by
using them to examine the health care services and social assis
tance (HCSA) industry group.2
of any industry in the economy and to have a total output that
exceeds the total output of any other industry except real estate.
The make table shows that GSLG is a major producer of HCSA
output, accounting for 11.0 percent ($157.8 billion) of GSLG’s
total output ($1,440.7 billion) in 2004. The 1998 make table
shows that GSLG accounted for 9.7 percent ($97.5 billion) of
HCSA’s total output ($1,008.6 billion).
In 2004, the GSLG industry also produced 10.9 percent
($157.8 billion) of total HCSA commodity output ($1,442.4
billion), compared with 10.2 percent ($97.5 billion) of the total
($952.5 billion) in 1998. This 0.7-percentage-point increase
indicates that GSLG increased its production of HCSA services
an average of 8.8 percent per year and produced $60.3 billion
more of these services in 2004 than in 1998. In turn, the HCSA
industries’ production of their primary products, HCSA com
modities, decreased over this time period, with production
shifting to the GSLG industry.
Use table. The standard use table shows the use of commodi
ties by industries and by final users. The rows show the value of
each commodity used by each industry or by each final user.
This can be seen as a commodity’s market. The columns show
the use of commodities (materials, energy, and purchased ser
vices) as intermediate inputs and the compensation of employ
ees (labor) and gross operating surplus and taxes on
production and imports, less subsidies (capital) as value added
inputs by industries to produce their output. This can be seen
as an industry’s production function. Table B shows the total
output of HCSA industries (column) was $1,298.3 billion and
the value of all intermediate inputs consumed by these indus
tries was 38 percent ($495.6 billion) of the value of their out
put. Table B also shows how the supply of HCSA commodities
available for domestic consumption (row) is consumed by final
users. In 2004, personal consumption of HCSA services com
modities was 98.1 percent ($1,414.7 billion) of the value of
domestic production of these commodities ($1,442.4 billion).
The use table also shows that the ambulatory health care ser
vices industry consumed, as intermediate inputs, 1.5 percent
($9.3 billion) of all ambulatory health care services produced.
The GSLG industry consumed less than 1 percent ($3.1 bil
lion) of all ambulatory health care services and 1 percent ($6.0
M ake and use tables
Make table. The rows in the standard make table show the
commodities produced by each industry, and the columns
show the industries that produce each commodity. In Table A,
extracted from the 2004 summary make table, the shaded diag
onal cells represent the value of production of each commodity
by its primary producer. The off-diagonal cells in each row rep
resent the value of production of each industry’s secondary
commodities. The off-diagonal cells in each column represent
the production by secondary producers of the commodity.
For example, the general state and local government (GSLG)
industry is shown to produce the widest array of commodities
1. When an industry’s output is redefined, the output and inputs of one or
more secondary products are moved to the industries identified as the primary
producers of the products. Industry outputs differ between the standard and
the supplementary tables, but commodity outputs are the same. Redefinitions
are made to derive homogeneous production data on which traditional I-O
analysis depends.
2. The health care and social assistance industry group consists of the ambu
latory health care services, “hospitals and nursing and residential care services,”
and social assistance industries.
Table A. The Make of Commodities by Industries, 2004
[Billions of dollars]
Goods1
Services2
Government
Health care and social assistance
Industries/Commodities
Total
Total
Total
Total goods-producing industries1.................................................
Total services-producing industries2.............................................
Total health care and social assistance.....................................
Ambulatory health care services...........................................
Hospitals and nursing and residential care facilities.............
Social assistance..................................................................
Total government............................................................................
State and local general government..........................................
5,929.6
120.2
0.8
Total com m odity o u tp u t........................................................................
Ambulatory
health care
services
1,284.1
1,283.7
600.6
566.3
116.8
158.3
157.8
607.0
606.7
600.6
6.2
22.1
19.9
82.3
12.807.6
1,297.5
608.7
570.8
118.0
451.8
298.5
6,071.9
13.341.7
1,442.4
0.8
Hospitals and
nursing and
residential care
facilities
Social
assistance
State and
local general
government
Total
Total
industry
o u tp u t3
560.2
560.2
116.9
116.8
27.4
27.4
560.2
0.0
128.3
127.8
116.8
2.7
2.7
1,974.2
1,119.6
1,119.6
1.119.6
5.987.3
12,907.9
1.298.3
608.7
571.6
118.0
2,450.8
1,440.7
634.3
688.5
119.6
1,975.2
1.119.6
21,346.0
1.0
1. C o n sists of agriculture, forestry, fishing, an d hunting; mining; construction; an d m anufacturing .
2 . C onsists of utilities; w h o le s a le trade; retail trade; transp ortation an d w arehous ing; inform ation; fin an ce, insuran ce, real estate, rental, an d leasing; professional an d business services; ed u catio n al s ervices, health care, an d social a ssis
tance; arts, e n tertain m en t, recreation, acco m m o d atio n , an d food services; and o th e r services, excep t g o vernm ent.
3 . In cludes n o n co m p arab le im ports, scrap, used goods, inventory valuation adju stm en t, an d rest-o f-th e-w o rld adjustm ents.
Survey
December 2005
of
33
C urrent B usiness
the Health Care Industry, 1998-2004
billion) of all hospital and nursing and residential care facilities
services as intermediate inputs. A comparison of the 2004 use
table with the 1998 use table shows that these consumption pat
terns have changed little; the output of HCSA industries
increased an average of 7.0 percent per year from $863.8 billion
in 1998 to $1,298.3 billion in 2004.
S u p p le m en ta ry tables
The supplementary make and use tables are derived from the
standard tables after redefinitions are made. Four supplemen
tary requirements tables are derived from the supplementary
make and use tables.
Commodity-by-industry direct requirements table. This
table shows the amount of a commodity required by each indus
try to produce a dollar of that industry’s output. Each column
represents an industry; each row represents a commodity. Col
umn cells show the amount of each commodity needed to pro
duce a dollar of that industry’s output. For example, in 2004, to
produce $1 billion of output, the industry “social assistance”
directly requires $0,598 billion ($1 billion x 0.598) of value
added and $0,402 billion ($1 billion x 0.402) of intermediate
inputs.
Commodity-by-commodity total requirements table. This
table shows the commodity production required, directly and
indirectly, to produce a dollar of a given commodity for final
use. Each column represents a given commodity; column cells
shows the commodities that are needed to produce that com
modity. The commodities needed for production are shown on
the rows. For example, in 2004, providing $1 billion of ambula
tory health care services would require $1,015 billion ($1 billion
x 1.015) of ambulatory health care services, $0,058 billion ($1
billion x 0.058) of real estate, $0,055 billion ($1 billion x 0.055)
of administrative and support services, and so on.3
The total commodity output multiplier for ambulatory health
3. A coefficient greater than one (on the diagonal) indicates that for a particu
lar commodity, the coefficient includes the dollar increase in demand for that
commodity, plus other direct and indirect inputs o f that com modity to produce
the com modity for final use.
care services is 1.580 (the sum of all the entries in the column).
The total dollar change in the output of all commodities that is
required for an additional $1 billion of ambulatory health care
services delivered to final users is $1,580 billion ($1 billion x
1.580).
Industry-by-commodity total requirements table. This table
shows the production required directly and indirectly by indus
tries to produce a dollar of a commodity for final use. Each col
umn represents a commodity and each row an industry. Each
column cell shows the industries that need to provide output to
produce that commodity. The 2004 table shows that in order to
provide final users with an additional $1 billion of hospital ser
vices commodity, the hospitals industry is required to produce
$0,814 billion ($1 billion x 0.814) of industry output; the gen
eral state and local government industry must produce $0,191
billion ($1 billion x 0.191) of industry output, and so on.
The total industry output multiplier for the hospitals com
modity is 1.768 (the sum of all the entries in the column). The
total dollar change in the output of all industries that is required
for an additional $1 billion of hospital services delivered to final
uses is $1,768 billion ($1 billion x 1.768).
Industry-by-industry total requirements table. This table
shows the production required directly and indirectly to pro
duce a dollar of an industry’s output for final use. Each column
represents an industry, and column cells show how much other
industries supply to produce that industry’s output.
For example, in 2004, providing final users with $1 billion of
ambulatory health care services output would require the
ambulatory health care services industry to produce $1,015 bil
lion ($1 billion x 1.015) of output, the real estate industry to
produce $0,058 billion ($1 billion x 0.058) of output, and so on.
The total industry output multiplier for the ambulatory
health care services industry is 1.571. The total dollar change in
the output of all industries that is required for an additional $1
billion of output from the ambulatory health care services
industry is $1,571 billion ($1 billion x 1.571).
B r ia n M . L in d b e r g , G re g R . L in d e r , S h a w n L . S n y d e r , C a m e r o n T.
V in c e n t
Table B. The Use of Commodities by Industries, 2004
[Billions of dollars]
Goods1
Government
Services2
Health care and social assistance
Commodities/Industries
Total
Total
Total
Total privately-produced goods1............................................
Total privately-produced services 2.......................................
Total health care and social assistance.............................
Ambulatory health care services...................................
Hospitals and nursing and residential care facilities
2,262.5
1,381.8
Total government...................................................................
State and local general government..................................
Total industry o u tp u t4 .................................................................
Hospitals and
Ambulatory nursing and
Social
health care
residential
assistance
services
care facilities
961.7
3,842.7
10.1
10.1
122.2
359.6
9.5
9.5
44.6
145.2
9.3
9.3
63.5
182.2
0.3
0.3
14.2
32.1
4.5
0.0
61.2
13.7
5.9
7.1
3,704.2
2,283.1
5,987.3
4,940.0
7,967.9
12,907.9
495.6
802.7
1,298.3
195.7
413.0
608.7
252.8
318.8
571.6
Total
State and
local general
government
Total
inter
m ediate
use
162.8
332.8
15.6
3.1
6.0
6.5
5.5
3,533.1
5,835.8
27.7
13.8
7.3
0.8
308.8
611.2
17.6
3.7
7.3
6.6
9.1
47.2
70.9
118.0
967.5
1,483.3
2,450.8
509.2
931.4
1,440.7
9,611.8
6.6
74.8
Personal
consumption
expenditures
1,477.4
6,673.9
1,414.7
620.5
681.2
113.0
53.3
Total
final uses
(GDP)
2.538.8
7.505.9
1,414.7
620.5
681.2
113.0
1,900.4
1,119.6
Total
com m odity
output
6,071.9
13,341.7
1,442.4
634.3
688.5
119.6
1,975.2
1,119.6
11,734.3
8,214.3
21,346.0
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assis
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of compensation of employees; taxes on production and imports, less subsidies; and gross operating surplus.
4. Includes noncomparable imports, scrap, used goods, inventory valuation adjustment, and rest-of-the-world adjustments.
34
Decem ber 2005
G u id e t o t h e A n n u a l In d u s t r y A c c o u n t s T a b le s
This guide provides summary information about the
data contained in BEA’s annual industry accounts ta
bles (see the box “Data Availability”). These data can
be used to analyze the economic performance of 61
private industries and 4 government industries within
the U.S. economy.1 The annual industry accounts con
sist o f the GDP-by-industry accounts and the annual
input-output accounts.
G D P -b y-ln d u stry Tables
V a lu e a d d e d by in d u s try (ta b le s 1 - 7 , 1 4 , a n d
14 A )
Value added by industry is the contribution of indus
tries to the Nations output, or gross domestic product
(GDP). An industry’s value added is equal to its gross
output (which consists of sales or receipts and other
operating income, commodity taxes, and inventory
change) minus its intermediate inputs (which consist
of energy, raw materials, semifinished goods, and ser
vices that are purchased from domestic industries or
from foreign sources). The three primary components
of value added are an industry group’s return to do
mestic labor (compensation of employees), its net re
turn to government (taxes on production and imports
less subsidies), and its return to domestic capital (gross
operating surplus).
Table 1. Value Added by Industry
This table presents value added by industry measured
in prices of the period being observed.
Table 2. Value Added by Industry as a Percentage
of Gross Dom estic Product
This table presents value added by industry expressed
as a percentage of GDP. These “industry shares” of
GDP are measured in current-dollars and therefore re
flect prices in the period being observed.
Table 3. Com ponents of Value Added by Industry
Group
This table presents the three major components of
value added for each of 22 industry groups. The three
1. The industries are based on the 1997 North American Industry Classi
fication System.
This guide was prepared by Tameka R.L. Harris and Greg
R. Linder
components include an industry groups return to do
mestic labor (compensation of employees), its net re
turn to government (taxes on production and imports
less subsidies), and its return to domestic capital (gross
operating surplus).
• Compensation of employees consists of the wages
and salaries and supplements to wages and salaries
accruing to labor as remuneration for domestic pro
duction.
•Taxes on production and imports consist of the
excise taxes, customs duties, sales taxes, property
taxes, motor vehicle licenses, severance taxes, special
assessments, and other (nonincome) taxes paid to
governments. Subsidies are the monetary grants
paid by government agencies to private businesses
and to government enterprises.
• Gross operating surplus consists of the business
incomes, net interest and miscellaneous payments,
and business current transfer payments (net) of pri
vate domestic enterprises; the current surplus of
government enterprises; private capital consump
tion allowances; and consumption of fixed capital of
owner-occupied housing, nonprofit institutions
primarily serving households, and government.
Table 4. Com ponents of Value Added by Industry
Group as a Percentage of Value Added
This table presents each industry group’s return to do
mestic labor (compensation), net return to govern
ment (taxes on production and imports less subsidies),
and return to domestic capital (gross operating sur
plus) as a percentage o f the industry group’s value
added.
Table 5. Chain-Type Q uantity Indexes for Value
Added by Industry
This table presents a chain-type quantity index for
each industry’s value added. These indexes for value
added represent the quantity of capital, labor, and re
turn to government used in the production of gross
output. They include changes in multifactor produc
tivity and exclude the effect of price changes that are
included in current-dollar measures o f value added.
The chain-type quantity index for an industry’s value
added is prepared by deflating the current-dollar com
modity measures of the industry’s gross output and its
intermediate inputs with corresponding commodity
price indexes and combining the resulting commodity
Decem ber 2005
Survey
of
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quantity indexes of gross output and intermediate in
puts by industry in a Fisher index-number formula.2
Table 5A. Percent Changes in Chain-Type Quantity
Indexes for Value Added by Industry
This table presents year-to-year percent changes in
chain-type quantity indexes for each industry’s value
added. The comparison of an industry’s real growth
rate with the growth rate of a higher level aggregate
(such as GDP) indicates whether the industry is grow
ing above or below the average of the industries in the
aggregate.
Table 6. Real Value Added by Industry
This table presents each industry’s value added mea
sure in chained (2000) dollars. Real value-added-byindustry measures are calculated as the product of the
chain-type quantity index and the year 2000 currentdollar value of the corresponding series divided by 100.
The percentage changes calculated from the chaineddollar estimates are the same as the chain-type quan
tity indexes. Accordingly, chained-dollar measures can
be used to compute real growth rates.
The percentage changes in chained-dollar estimates
and the corresponding chain-type quantity indexes
can be used interchangeably, but because the formula
for chain-type quantity indexes uses weights of more
than one period, chained-dollar estimates are usually
not additive. The value of “not allocated by industry”
reflects this difference between the chained-dollar esti
mate for an industry group and the sum of the
chained-dollar estimates for its detailed industries and
the differences in the source data that are used to esti
mate GDP by industry and the expenditure measure of
GDP.
Table 7. Chain-Type Price Indexes for Value Added
by Industry
This table presents a chain-type price index for each
industry’s value added. The price index for an industry
is prepared by combining the price indexes for the
commodities that compose the industry’s gross output
and its intermediate inputs in a Fisher index-number
formula.3
Table 7A. Percent Changes in Chain-Type Price
Indexes for Value Added by Industry
This table presents year-to-year percent changes in
chain-type price indexes for each industry’s value
2. See Brian C. Moyer, Mark A. Planting, Mahnaz Fahim-Nader, and
Sherlene K.S. Lum, “Preview of the Comprehensive Revision of the Annual
Industry Accounts: Integrating the Annual Input-Output Accounts and the
Gross-Domestic-Product-by-Industry Accounts,” Survey of C urrent B usi
ness 84 (March 2004): 5 0 -5 1 .
3. Moyer et al., 5 0 -5 1 .
35
added. The comparison of each industry’s chain-type
price index growth with the real growth of a higher
level aggregate (such as GDP) indicates whether the in
dustry’s price growth is above or below the average of
the industries in that aggregate.
Table 14. Cost per Unit of Real Value Added by Pri
vate Industry Group
This table presents unit costs for each industry’s value
added. The measures are computed by dividing current-dollar measures of an industry’s value added and
value-added components (compensation o f employ
ees, taxes on production and imports less subsidies,
and gross operating surplus) by the industry’s real
(chained-dollar) value added. The resulting quotients
provide the value-added implicit price index, divided
by 100, and the part of the price index that is associ
ated with each component. Value-added unit costs at
tribute changes to the value-added unit prices to the
components of value added in proportion to each
component’s share of current-dollar value added.
Therefore, year-to-year changes in component shares
of current-dollar value added result in changes in the
contributions of the cost components to value-added
prices even if the prices do not change.
Table 14A. Percent Change in Cost per Unit of Real
Value Added by Private Industry Group
This table presents year-to-year percent changes in the
unit cost for each industry’s value added. The mea
sures indicate the relative importance of the compo
nents of value added in an industry’s cost structure. If
the percent change of the component is higher than
the percent change in the value-added price index,
then the component’s contribution to the growth in
unit costs has increased.
Gross output by industry (tables 8 ,1 0 ,10A,
11, and 11 A)
Gross output consists of the goods and services pro
duced by an industry. Gross output is measured by
summing the value of the industry’s sales or receipts,
other operating income, commodity taxes, and inven
tory change; it is valued at producers’ prices (the prices
received by the industry, including excise and sales
taxes). Gross output is purchased by final consumers
and by industries. Because gross output may be pro
duced and consumed as an intermediate input in the
same year, aggregations of gross output across indus
tries reflect double-counting and exceed GDP.
Table 8. Gross Output by Industry
This table presents gross output by industry measured
in prices o f the period being observed.
36
Annual Industry Accounts
Table 10. C h ain -Type Q uantity Indexes for G ross
O utp ut by Industry
This table presents a chain-type quantity index for
each industry’s gross output. The index for an industry
reflects an inflation-adjusted measure of the quantities
of gross output produced by the industry. Accordingly,
these measures exclude the effect of price changes that
are included in current-dollar measures of gross out
put.
Chain-type quantity indexes for the gross output of
an industry are prepared by (1) deflating the currentdollar commodity measures of the industry’s gross
output (from the standard annual 1-0 make table)
with the corresponding commodity price indexes and
(2) combining the resulting commodity quantity in
dexes of the gross output of the industry in a Fisher index-number formula.
Table 10A. Percent Changes in Chain-Type Quan
tity Indexes for Gross Output by Industry
This table presents year-to-year percent changes in the
chain-type quantity indexes for each industry’s gross
output. These percent changes, together with the per
cent changes in the chain-type quantity indexes for an
industry’s intermediate inputs, provide a way of de
composing an industry’s real value-added growth rate
into component growth rates for its real gross output
and its real intermediate inputs. An industry’s growth
rate in its value-added chain-type quantity index de
pends positively on the growth rate in its gross output
chain-type quantity index, and it depends negatively
on the growth rate in its intermediate inputs chaintype quantity index.
Table 11. Chain-Type Price Indexes for Gross O ut
put by Industry
This table presents a chain-type price index for gross
output of an industry. The price index for an industry
represents the prices received for the industry’s gross
output. A chain-type price index for each industry’s
gross output is prepared by combining the price in
dexes for the commodities that the industry produces
in a Fisher index-number formula.
Table 11 A. Percent Changes in Chain-Type Price
Indexes for Gross Output by Industry
This table presents year-to-year percent changes in the
chain-type price indexes for each industry’s gross out
put. The price indexes for gross output provide a way
of decomposing each industry’s value-added price
growth rate into component growth rates for its gross
output prices and intermediate inputs prices. Each in
dustry’s growth rate in its value-added chain-type
price index depends positively on the growth rate in its
Decem ber 2005
gross output chain-type price index, and it depends
negatively on the growth rate in its intermediate inputs
chain-type price index.
Intermediate inputs by industry (tables 9,12,
12A, 13, and 13A)
Intermediate inputs consist of the energy, raw materi
als, semifinished goods, and services that an industry
consumes in producing gross output, and these inputs
include inputs produced by domestic industries and
inputs imported from foreign sources. Intermediate
inputs are valued at purchasers’ prices (the prices paid
by the industry, including transportation and trade
margins and excise and sales taxes). Intermediate in
puts are an industry’s secondary inputs to production
(labor and capital are an industry’s primary inputs to
production).
Table 9. Interm ediate Inputs by Industry
This table presents intermediate inputs by industry
measured in the prices of the period being observed.
Table 12. Chain-Type Quantity Indexes for Interm e
diate Inputs by Industry
This table presents a chain-type quantity index for the
intermediate inputs of an industry. The quantity index
for an industry represents the quantities of energy, raw
materials, semifinished goods, and services used by the
industry to produce gross output. These indexes ex
clude the effects of price changes that are included in
current-dollar measures of intermediate inputs. The
quantity index for the intermediate inputs of an indus
try are prepared by deflating the current-dollar com
modity measures of the industry’s intermediate inputs
(from the standard annual 1 -0 use table) with the cor
responding commodity price indexes and combining
the resulting commodity quantity indexes of interme
diate inputs of the industry in a Fisher index-number
formula.
Table 12A. Percent Changes in Chain-Type Quan
tity Indexes for Interm ediate Inputs by Industry
This table presents year-to-year percent changes in
chain-type quantity indexes for each industry’s inter
mediate inputs. These percent changes, together with
the percent changes in the chain-type quantity indexes
for an industry’s gross output, provide a way of de
composing an industry’s real value-added growth rate
into component growth rates for its real gross output
and its real intermediate inputs. Each industry’s
growth rate in its value-added chain-type quantity in
dex depends positively on the growth rate in its gross
output chain-type quantity index, and it depends neg
atively on the growth rate in its intermediate inputs
Decem ber 2005
Survey
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chain-type quantity index.
Table 13. Chain-Type Price Indexes for Interm edi
ate Inputs by Industry
This table presents a chain-type price index for the in
termediate inputs of an industry. The price index for
each industry represents the prices paid for the energy,
raw materials, semifinished goods, and services used
by the industry to produce gross output. These price
indexes are prepared by combining the price indexes
for the commodities that the industries consume in a
Fisher index-number formula.
Table 13A. Percent Changes in Chain-Type Price
Indexes for Interm ediate Inputs by Industry
This table presents year-to-year percent changes in
chain-type price indexes for each industry’s intermedi
ate inputs. These percent changes provide a way of de
composing an industry’s value-added price growth
rate into component growth rates for the industry’s
gross output prices and its intermediate inputs prices.
Each industry’s growth rate in its value-added chaintype price index depends positively on the growth rate
in its gross output chain-type price index, and it de
pends negatively on the growth rate in its intermediate
inputs chain-type price index.
Domestic supply by commodity group (tables
1 5 -1 8 )
Domestic supply is the value of commodities that are
available for domestic final use and intermediate (in
dustry) use. The sources of domestic supply for groups
of related commodities are shown as total domestic
output plus imports (which increase supply) less ex
ports (which decrease domestic supply) less the change
in private inventories.
The uses of domestic supply consist of final uses—
that is, as personal consumption expenditures, private
fixed investment, and government consumption ex
penditures and gross investment— and of total inter
mediate use. For all commodities, total personal
37
consumption expenditures, private fixed investment,
and government consumption expenditures and gross
investment equal the corresponding total final expen
ditures in the national income and product accounts.
Table 15. Com ponents of Dom estic Supply by
Com m odity Group
This table presents the components of domestic supply
by commodity group measured in the prices of the pe
riod being observed.
Table 16. Com ponents of Dom estic Supply by
Com m odity Group as a Percentage of Domestic
Supply
This table presents the value of each source o f domestic
supply as a percentage of the total domestic supply by
commodity.
Table 17. Use of Dom estic Supply by Com m odity
Group
This table presents the total final uses and total inter
mediate uses of domestic supply by commodity group.
Table 18. Use of Domestic Supply by Com m odity
Group as a Percentage of Total Supply
This table presents the final uses and the intermediate
uses of domestic supply by each commodity group as a
percentage of the total value of domestic supply by
commodity.
KLEMS by industry group (Tables 19-22)
The estimates of KLEMS (K-capital, L-labor, E-energy,
M-materials, and S-purchased services) provide
greater detail on the types o f inputs that are consumed
by industries in the production of goods and services.
These estimates show the estimates of intermediate in
puts in three cost categories— energy, materials, and
purchased services.4
4. See Erich H. Strassner, Gabriel W. Medeiros, and George M. Smith,
“Annual Industry Accounts: Introducing KLEMS Input Estimates for
1997-2003,” Survey 85 (September 2005): 31-65.
38
Annual Industry Accounts
Table 19. C o m p osition of G ross O utp ut by Industry
G roup
This table presents the components of gross output,
which consists of value added and its components and
intermediate inputs by cost category. These compo
nents are measured in the prices of the period being
observed.
Table 20. Shares of Gross Output by Industry
Group
This table presents the components of current-dollar
gross output as a percentage of each industry group’s
gross output. The changes in the shares indicate the ex
tent to which expenditures on value added and on in
termediate inputs by cost category are becoming
relatively more or less important to the industry.
Table 21. Contributions to Percent Changes in
Chain-Type Price Indexes for Gross Output by
Industry Group
This table presents the contributions to year-to-year
percent changes in the chain-type price indexes for
gross output by industry group, and it includes
changes in the price indexes for value added and inter
mediate inputs by cost category. The effects of the in
put prices on the growth in the prices for gross output
can be identified by examining the inputs’ percentage
point contribution to the percent change in the indus
try’s gross output price index. The size of the contribu
tions depends on both the relative size and the growth
rate of the contributing component.
Table 22. Contributions to Percent Changes in
Chain-Type Quantity Indexes for Gross Output by
Industry Group
This table presents the contributions to year-to-year
percent changes in chain-type quantity indexes for
gross output by industry group. The effects of the use
of KLEMS inputs on growth in real gross output for an
industry group can be identified by examining the in
puts’ percentage point contribution to the percent
Decem ber 2005
change in the industry’s real gross output. The size of
the contributions depends on both the relative size and
the growth rate of the contributing component.
A nnual In p u t-O u tp u t Tables
The annual input-output (I-O) accounts show how
U.S. industries interact; specifically, they show now in
dustries provide input to, and use output from, each
other to produce the Nation’s GDP. This detailed infor
mation on the flows of the goods and services that
compose the production process of industries is pre
sented in two standard tables.
Standard tables
The industries in the standard input-output tables are
based on definitions from the 1997 North American
Industry Classification System.
Table 23. The Make of Com m odities by Industries
This table presents the detailed commodities that are
produced by industries. Commodity output is valued
at producers’ prices that are the market prices that pro
ducers receive and that include the commodity taxes
they collect (such as sales taxes). This table shows the
details of each industry's output of a specific good or
service and the details of the output of commodities by
an industry.
Table 24. The Use of Com m odities by Industries
This table presents the detailed commodities that are
used by industries and by final users. Commodity con
sumption is also valued at producers' prices. This table
shows the intermediate consumption by industries of a
commodity, the final consumption of the commodity,
and the industry’s production function, which in
cludes the industry’s total output, the mix of commod
ities that the industry consumes to produce this
output, and the value added by the industry’s labor
and capital to produce this output. It also shows the
commodity composition of the final use components
of GDP.
Decem ber 2005
Survey
of
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39
Table 1. Value Added by Industry, 2001-2004
[Billions of dollars]
Line
1
2001
Gross dom estic produ ct....................................................
2 Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and huntin g ......................
4
Farms............................................................................
Forestry, fishing, and related activities.........................
b
6 M in in g ............................................................................................
7
Oil and gas extraction....................................................
Mining, except oil and gas.............................................
8
9
Support activities for mining..........................................
10 U tilitie s ..........................................................................................
11 C on stru ctio n ...............................................................................
12 M anufacturing
Durable goods...............................................................
13
14
Wood products..........................................................
15
Nonmetallic mineral products....................................
Primary metals..........................................................
16
17
Fabricated metal products.........................................
Machinery.................................................................
18
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
Furniture and related products..................................
24
Miscellaneous manufacturing...................................
Nondurable goods.........................................................
25
26
Food and beverage and tobacco products...............
27
Textile mills and textile product mills.........................
28
Apparel and leather and allied products..................
Paper products..........................................................
29
30
Printing and related support activities......................
Petroleum and coal products...
31
32
Chemical products.................
Plastics and rubber products....................................
33
34 W holesale tra d e .........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w a re h o u s in g .......................................
37
Air transportation...........................................................
Rail transportation.........................................................
38
Water transportation......................................................
39
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
45 In fo rm a tio n ..................................................................................
46
Publishing industries (includes software).....................
47
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services...................
2002
2003
2004
10,128.0 10,469.6 10,971.2
11,734.3
8,869.7
9,131.2
9,556.8
10,251.0
97.9
95.4
114.2
141.6
73.1
24.8
70.8
24.6
88.0
26.2
112.2
29.4
118.7
106.5
142.3
171.9
72.5
27.1
19.1
62.8
26.8
16.9
93.1
27.4
21.7
115.2
30.6
26.1
202.3
207.3
222.6
235.3
469.5
482.3
501.0
549.5
1,341.3
1,352.6
1,369.2
1,420.1
778.9
31.3
44.9
41.1
112.0
103.2
136.9
49.2
103.7
69.2
30.2
57.2
562.5
167.1
22.7
22.8
48.9
46.9
33.4
157.2
63.4
774.8
30.4
45.9
41.9
107.4
96.5
124.2
48.8
118.9
69.6
31.1
60.0
577.9
172.9
21.9
20.9
50.3
45.7
26.2
174.4
65.5
785.5
33.0
46.2
38.7
109.1
95.1
125.6
48.6
129.9
65.0
30.7
63.7
583.7
170.6
22.7
18.4
46.4
44.5
33.5
181.8
65.6
824.1
39.2
49.7
50.9
115.4
100.2
132.6
48.2
120.1
66.9
31.4
69.4
596.1
167.9
23.3
18.9
48.9
45.9
34.8
186.0
70.3
607.1
615.4
633.0
694.7
691.6
719.6
751.0
790.4
296.9
304.6
321.6
332.9
50.0
25.6
7.4
93.3
15.1
9.2
71.4
25.1
48.3
26.2
7.0
95.7
15.7
11.5
73.4
26.8
55.3
27.1
9.1
98.8
16.2
10.5
76.4
28.3
53.4
29.0
8.0
104.7
16.8
10.7
83.2
27.1
476.9
483.0
491.8
538.7
118.7
33.6
283.2
41.5
119.0
38.9
278.9
46.2
118.8
42.4
280.4
50.1
125.3
47.3
312.0
54.1
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leas in g .....
2,059.2
782.6
2,141.9
822.7
2,260.4
Finance and insurance........................................................
885.2
2,412.9
927.4
Federal Reserve banks, credit intermediation, and
related activities.....................................................
Securities, commodity contracts, and investments....
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles................
360.1
170.2
234.4
18.0
417.4
148.4
237.4
19.5
451.8
153.3
260.4
19.7
464.7
170.9
269.6
22.2
Real estate and rental and leas in g .................................
1,276.6
1,319.2
1,375.2
1,485.5
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
1,169.7
1,215.9
1,268.6
1,374.7
106.9
103.3
106.6
110.8
59
60
61
62
63
Professional and business s e rv ic e s..................................
Professional, scientific, and technical services
1,165.9
1,189.0
1,351.9
698.8
705.2
1,235.9
727.4
Legal services............................................................
Computer systems design and related services
Miscellaneous professional, scientific, and technical
services.................................................................
145.6
127.1
145.8
127.3
155.8
126.3
164.1
133.1
426.2
432.2
445.3
487.2
64
65
66
67
68
M anagem ent of com panies and en terprises..............
177.6
183.8
191.5
220.8
A dm inistrative and w aste m anagem ent serv ices.....
289.4
300.0
317.1
346.8
Administrative and support services.........................
Waste management and remediation services.........
264.1
25.3
273.3
26.7
289.0
28.1
316.3
30.5
739.3
85.1
799.6
93.3
850.6
909.0
Educational s erv ices..............
99.6
106.3
Health care and social a s s is ta n c e.................................
654.2
706.3
751.0
802.7
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance.......................................................
338.1
258.0
58.1
361.8
281.1
63.4
384.7
299.0
67.3
413.0
318.8
70.9
Arts, entertainm ent, recreation, accom m odation, and
food serv ices...........................................................................
Arts, entertainm ent, and recre ation...............................
361.5
381.5
398.8
424.3
95.7
102.4
106.3
111.6
42.7
53.0
46.7
55.7
49.5
56.8
50.2
61.3
265.8
279.1
292.5
312.8
87.5
178.3
89.1
190.0
94.0
198.5
100.8
212.0
50
51
52
53
54
55
56
57
58
69
/U
/1
It
13
74
75
76
Educational services, health care, and social
a s s is ta n c e ...............................................................................
Performing arts, spectator sports, museums, and
related activities.....................................................
Amusements, gambling, and recreation industries....
77
/H
Accom m odation and food s e rv ic e s ...............................
79
Accommodation.........................................................
80
Food services and drinking places...........................
81 O ther services, except g o ve rnm ent....................................
8? G overnm ent......................................................................................
83 Fe d e ra l................................
84
General government....
85
Government enterprises................................................
86 State and lo c a l................
87
General government....
Government enterprises................................................
88
784.3
241.5
252.5
264.3
277.7
1,258.3
1,338.4
1,414.5
1,483.3
385.7
417.3
447.1
475.9
325.7
60.0
352.9
64.5
382.6
64.5
408.2
67.7
872.6
921.1
967.4
1,007.4
800.8
71.9
848.9
72.2
893.7
73.7
931.4
75.9
2,027.5
6,842.2
2,036.9
7,094.3
2,126.7
7,430.0
2,283.1
7,967.9
424.2
416.6
420.9
445.2
Addenda:
89
90
91
Private goods-producing industries'..................................
Private services-producing industries2...............................
Information-communications-technology-producing
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
40
Annual Industry Accounts
December 2005
Table 2. Value Added by Industry as a Percentage of Gross Domestic Product, 2001-2004
[Percent]
2001
Line
1
2002
2003
2004
Gross dom estic p ro d u c t....................................................
100.0
100.0
100.0
100.0
2 Private industries............................................................................
87.6
87.2
87.1
87.4
3
4
5
fi
7
8
9
10
11
12
13
14
15
16
1/
18
19
20
21
22
23
24
25
2b
2/
28
W
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
A griculture, forestry, fishing, and h u n tin g ......................
1.0
0.9
1.0
1.2
Farms............................................................................
Forestry, fishing, and related activities..........................
0.7
0.2
0.7
0.2
0.8
0.2
1.0
0.3
M in in g ..................................................
1.2
1.0
1.3
1.5
Oil and gas extraction...............
Mining, except oil and gas........
Support activities for mining
0.7
0.3
0.2
0.6
0.3
0.2
0.8
0.3
0.2
1.0
0.3
0.2
Utilities.................................................
2.0
2.0
2.0
2.0
C o n stru ctio n ...............................................................................
4.6
4.6
4.6
4.7
M an u facturing.............................................................................
13.2
12.9
12.5
12.1
Durable goods...............................................................
Wood products..........................................................
Nonmetallic mineral products....................................
Primary metals..........
Fabricated metal products.........................................
Machinery.................
Computer and electronic products............................
Electrical equipment, appliances, ano components
Motor vehicles, bodies and trailers, and parts..........
Other transportation equipment.................................
Furniture and related products..................................
Miscellaneous manufacturing....................................
Nondurable goods.........................................................
Food and beverage and tobacco products...............
Textile mills and textile product mills..........................
Apparel and leather and allied products...................
Paper products..........................................................
Printing and related support activities......................
Petroleum and coal products.....................................
Chemical products.....................................................
Plastics and rubber products.....................................
7.7
0.3
0.4
0.4
1.1
1.0
1.4
0.5
1.0
0.7
0.3
0.6
5.6
1.7
0.2
0.2
7.4
0.3
0.4
0.4
1.0
0.9
1.2
0.5
1.1
0.7
0.3
0.6
5.5
1.7
0.2
0.2
0.5
0.3
1.6
0.6
0.4
0.3
1.7
0.6
7.2
0.3
0.4
0.4
1.0
0.9
1.1
0.4
1.2
0.6
0.3
0.6
5.3
1.6
0.2
0.2
0.4
0.4
0.3
1.7
0.6
7.0
0.3
0.4
0.4
1.0
0.9
1.1
0.4
1.0
0.6
0.3
0.6
5.1
1.4
0.2
0.2
0.4
0.4
0.3
1.6
0.6
W holesale tra d e .........................................................................
6.0
5.9
5.8
5.9
Retail tra d e ...................................................................................
6.8
6.9
6.8
6.7
Transportation and w are h o u sin g ........................................
2.9
2.9
2.9
2.8
Air transportation
Rail transportation.........................................................
Water transportation......................................................
Truck transportation.......................................................
Transit and ground passenger transportation...............
Pipeline transportation...................................................
Other transportation and support activities..................
Warehousing and storage..............................................
0.5
0.3
0.1
0.9
0.1
0.1
0.7
0.2
0.5
0.3
0.1
0.9
0.1
0.1
0.7
0.3
0.5
0.2
0.1
0.9
0.1
0.1
0.7
0.3
0.5
0.2
0.1
0.9
0.1
0.1
0.7
0.2
4.7
4.6
4.5
4.6
1.2
0.3
2.8
0.4
1.1
0.4
2.7
0.4
1.1
0.4
2.6
0.5
1.1
0.4
2.7
0.5
Publishing industries (includes software).....................
Motion picture and sound recording industries.............
Broadcasting and telecommunications.........................
Information and data processing services....................
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
62
b3
54
55
bb
b/
b8
2001
Finance, insurance, real estate, rental, and le a s in g ....
20.3
Finance and in s u ra n c e .......................................................
2002
2003
2004
20.6
7.7
20.5
7.9
8.1
20.6
7.9
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles...............
3.6
1.7
2.3
0.2
4.0
1.4
2.3
0.2
4.1
1.4
2.4
0.2
4.0
1.5
2.3
0.2
Real estate and rental and le a s in g ................................
12.6
12.6
12.5
12.7
11.5
11.6
11.6
11.7
1.1
1.0
1.0
0.9
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
59
60
61
62
63
Professional and business s e rv ic e s .................................
11.5
11.4
11.3
11.5
Professional, scientific, and technical serv ices.......
6.9
6.7
6.6
6.7
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services..................................................................
1.4
1.3
1.4
1.2
1.4
1.2
1.4
1.1
4.2
4.1
4.1
4.2
64
65
66
67
68
Managem ent of com panies and e n te rp ris e s .............
1.8
1.8
1.7
1.9
A dm inistrative and waste m anagem ent s e rv ic e s ....
2.9
2.9
2.9
3.0
Administrative and support services.........................
Waste management and remediation services........
2.6
0.3
2.6
0.3
2.6
0.3
2.7
0.3
Educational services, health care, and social
assistan ce................................................................................
7.3
7.6
7.8
7.7
Educational s e rv ic e s ..........................................................
0.8
0.9
0.9
0.9
Health care and social assistan ce .................................
6.5
6.7
6.8
6.8
Ambulatory health care services...............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
3.3
2.5
0.6
3.5
2.7
0.6
3.5
2.7
0.6
3.5
2.7
0.6
Arts, entertainm ent, recreation, accom m odation, and
food s erv ices..........................................................................
3.6
3.6
3.6
3.6
Arts, entertainm ent, and recre atio n ..............................
0.9
1.0
1.0
1.0
Performing arts, spectator sports, museums, and
related activities....................................................
Amusements, gambling, and recreation industries...
0.4
0.5
0.4
0.5
0.5
0.5
0.4
0.5
Accom m odation and food s e rv ic e s ..............................
2.6
2.7
2.7
2.7
Accommodation........................................................
Food services and drinking places............................
0.9
1.8
0.9
1.8
0.9
1.8
0.9
1.8
69
70
71
7?
73
74
75
76
77
78
79
80
81
Other services, except g o v e rn m e n t...................................
8? G o ve rn m en t.....................................................................................
83 F e d e ra l..........................................................................................
84
General government.....................................................
Government enterprises...............................................
85
86
8/
8b
2.4
2.4
2.4
2.4
12.4
12.8
12.9
12.6
3.8
4.0
4.1
4.1
3.2
0.6
3.4
0.6
3.5
0.6
3.5
0.6
State and lo ca l............................................................................
8.6
8.8
8.8
8.6
General government.....................................................
Government enterprises...............................................
7.9
0.7
8.1
0.7
8.1
0.7
7.9
0.6
20.0
67.6
19.5
67.8
19.4
67.7
19.5
67.9
4.2
4.0
3.8
3.8
Addenda:
89
90
91
Private goods-producing industries1..................................
Private services-producing industries2.............................
Information-communications-technology-producing
industries3......................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
41
C urrent B usiness
Table 3. Components of Value Added by Industry Group, 2001-2004
[Billions of dollars]
2001
1
Gross domestic product...........................................
2
Compensation of employees...................................
Taxes on production and imports less subsidies....
3
4
Gross operating surplus.........................................
5 Private industries..............................................................
6 Compensation of employees...........................................
7 Taxes on production and imports less subsidies............
8 Gross operating surplus..................................................
9 Agriculture, forestry, fishing, and hunting.................
Compensation of employees.......................................
10
Taxes on production and imports less subsidies........
11
12
Gross operating surplus..............................................
13 Mining.............................................................................
14
Compensation of employees.......................................
15
Taxes on production and imports less subsidies........
Gross operating surplus..............................................
16
17 Utilities...........................................................................
Compensation of employees.......................................
18
Taxes on production and imports less subsidies........
19
20
Gross operating surplus..............................................
21
Construction..................................................................
22
Compensation of employees......................................
Taxes on production and imports less subsidies........
23
Gross operating surplus..............................................
24
25 Manufacturing...............................................................
26
Compensation of employees......................................
27
Taxes on production and imports less subsidies........
28
Gross operating surplus..............................................
29
Durable goods.............................................................
30
Compensation of employees..................................
31
Taxes on production and imports less subsidies....
32
Gross operating surplus..........................................
33
Nondurable goods.......................................................
34
Compensation of employees..................................
35
Taxes on production and imports less subsidies....
36
Gross operating surplus.........................................
37 Wholesale trade.............................................................
38
Compensation of employees......................................
39
Taxes on production and imports less subsidies........
40
Gross operating surplus.............................................
41
Retail trade.......................
42
Compensation of employees......................................
43
Taxes on production and imports less subsidies........
44
Gross operating surplus.............................................
45 Transportation and warehousing..............................
Compensation of employees.....................................
46
47
Taxes on production and imports less subsidies.......
48
Gross operating surplus.............................................
49 Information...................................................................
50
Compensation of employees......................................
Taxes on production and imports less subsidies.......
51
52
Gross operating surplus.............................................
53 Finance, insurance, real estate, rental, and leasing.
Compensation of employees......................................
54
55
Taxes on production and imports less subsidies.......
Gross operating surplus.............................................
56
57
Finance and insurance
58
Compensation of employees..................................
59
Taxes on production and imports less subsidies....
60
Gross operating surplus........................................
Real estate and rental and leasing........................
61
62
Compensation of employees..................................
63
Taxes on production and imports less subsidies....
64
Gross operating surplus.........................................
2002
2003
10,128.0 10,469.6 10,971.2
Jne
11,734.3
5.947.2
673.3
3.507.4
6.096.6
724.4
3.648.6
6.326.7
754.8
3.889.8
6.693.4
809.4
4.231.5
8.869.7
9,131.2
9.556.8
10,251.0
4.882.4
684.4
3.302.8
4.957.6
737.5
3.436.1
5.118.0
768.7
3.670.0
5.421.5
824.0
4.005.4
97.9
95.4
114.2
141.6
36.1
-12.7
74.5
36.4
-3.8
62.8
36.1
-7.6
85.7
39.3
-4.3
106.6
118.7
106.5
142.3
171.9
38.8
14.2
65.7
37.7
12.7
56.1
43.5
16.3
112.2
202.3
207.3
235.3
48.4
25.8
128.1
51.2
34.7
121.4
38.8
14.6
88.9
222.6
52.8
37.3
132.5
469.5
482.3
501.0
549.5
327.6
5.3
136.7
332.7
5.7
143.8
337.2
6.2
157.5
360.1
6.8
182.6
1.341.3
1.352.6
1.369.2
1,420.1
876.8
41.7
422.8
778.9
584.2
14.0
180.7
562.5
292.6
27.7
242.1
874.3
44.4
434.0
774.8
570.8
14.7
189.2
577.9
303.5
29.7
244.7
899.0
45.4
424.8
785.5
590.5
15.4
179.7
583.7
308.5
30.0
245.2
915.2
47.6
457.3
824.1
600.5
16.4
207.2
596.1
314.7
31.2
250.1
607.1
615.4
633.0
694.7
334.1
135.3
137.7
333.4
137.9
144.1
344.9
144.0
144.0
367.9
152.5
174.4
691.6
719.6
751.0
790.4
410.5
142.5
138.5
422.3
147.0
150.3
433.1
154.5
163.3
451.5
164.8
174.0
296.9
304.6
321.6
332.9
203.5
9.9
83.6
204.1
15.8
84.6
206.0
14.1
101.4
219.8
17.1
96.0
476.9
483.0
491.8
538.7
244.4
37.1
195.5
227.9
37.9
217.1
225.1
38.7
227.9
234.1
40.4
264.2
2.059.2
2,141.9
2,260.4
2.412.9
518.3
196.6
1.344.3
532.1
213.0
1,396.8
558.7
224.4
1.477.3
605.4
240.5
1,567.0
55.4
39.0
140.8
782.6
822.7
885.2
927.4
437.0
31.4
314.2
448.0
33.6
341.2
471.1
36.4
377.7
510.5
38.8
378.1
1,276.6
1.319.2
1,375.2
1.485.5
81.3
165.2
1,030.1
84.1
179.4
1.055.7
87.6
188.0
1,099.6
94.9
201.7
1.188.9
1.C onsists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
iate, rental, and leasing; professional and business services; educational services, health care, and social assis
2001
2002
2003
2004
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
Professional and business se rv ic e s ..................................
1,165.9
1,189.0
1,235.9
1,351.9
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
856.5
22.2
287.1
851.5
23.0
314.5
871.8
23.8
340.3
944.6
25.3
382.0
Professional, scientific, and technical s e rv ic e s .......
698.8
705.2
727.4
784.3
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
499.6
11.3
187.9
489.1
11.9
204.2
497.5
12.5
217.4
532.0
13.3
239.0
M anagem ent of com panies and en terp rises ..............
177.6
183.8
191.5
220.8
Compensation of employees....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
139.9
3.2
34.6
139.5
3.1
41.2
144.2
3.2
44.2
162.1
3.3
55.4
82
83
84
85
86
8/
88
89
90
91
92
93
Adm inistrative ana w aste m anagem ent serv ices.....
289.4
300.0
317.1
346.8
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
217.0
7.7
64.7
222.9
8.0
69.1
230.1
8.2
78.7
250.4
8.7
87.6
Educational services, health care, and social
a s s is ta n c e ...............................................................................
739.3
799.6
850.6
909.0
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
594.3
8.9
136.0
639.3
9.6
150.6
681.3
10.1
159.2
727.1
10.7
171.2
Educational s erv ices...........................................................
85.1
93.3
99.6
106.3
Compensation of employees....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
78.1
1.2
5.8
85.5
1.2
6.5
91.6
1.3
6.7
97.6
1.4
7.4
Health care and social a s s is ta n c e .................................
654.2
706.3
751.0
802.7
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
516.2
7.8
130.2
553.8
8.4
144.0
589.6
8.8
152.5
629.5
9.3
163.8
A rts, entertainm ent, recreation, accom m odation, and
food services..........................................................................
94
Compensation of employees.........................................
95
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
96
97
A rts, entertainm ent, and recre ation...............................
98
Compensation of employees.....................................
99
Taxes on production and imports less subsidies......
100
Gross operating surplus............................................
101
Accom m odation and food s e rv ic e s ...............................
102
Compensation of employees.....................................
103
Taxes on production and imports less subsidies......
104
Gross operating surplus............................................
105 O ther services, except g o ve rnm ent....................................
Compensation of employees.........................................
106
107
Taxes on production and imports less subsidies..........
108
Gross operating surplus................................................
109 G overnm ent......................................................................................
110 Compensation of employees.............................................
111 Taxes on production and imports less subsidies..............
112 Gross operating surplus.....................................................
361.5
381.5
398.8
424.3
227.6
41.6
92.4
237.7
42.9
100.9
248.4
45.4
105.0
263.7
48.5
112.1
95.7
102.4
106.3
111.6
56.9
9.4
29.3
59.9
10.0
32.6
63.0
10.6
32.7
66.2
11.4
34.0
265.8
279.1
292.5
312.8
170.6
32.1
63.1
177.8
32.9
68.4
185.4
34.8
72.3
197.5
37.1
78.1
241.5
252.5
264.3
277.7
165.6
16.0
59.9
176.7
16.8
59.0
184.7
17.5
62.1
194.0
18.7
65.1
1,258.3
1,338.4
1,414.5
1,483.3
1,064.8
-11.0
204.5
1,139.0
-13.1
212.5
1,208.6
-13.9
219.8
1,271.9
-14.7
226.1
Addenda:
113
114
115
116
117
118
119
120
121
Private goods-producing industries1.................................
2,027.5
2,036.9
2,126.7
2,283.1
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
1,279.3
48.5
699.7
1,281.2
58.9
696.8
1,311.1
58.7
756.9
1,358.1
66.4
858.6
Private services-producing industries2 ............................
6,842.2
7,094.3
7,430.0
7,967.9
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
3,603.1
635.9
2,603.1
3,676.4
678.6
2,739.4
3,806.9
710.0
2,913.1
4,063.5
757.6
3,146.8
Inform ation-com m unications-technology-producing
in dustries3...............................................................................
424.2
416.6
420.9
445.2
122
123
124
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
364.1
7.9
52.2
330.2
8.2
78.3
323.5
8.4
89.0
339.1
9.0
97.1
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
42
Annual Industry Accounts
December 2005
Table 4. Components of Value Added by Industry Group as a Percentage of Value Added, 2001-2004
[Percent]
Line
1
G ross dom estic pro d u ct....................................................
2
Compensation of employees.....................................
3
Taxes on production and imports less subsidies......
4
Gross operating surplus............................................
5 Private in d u s trie s ...................
6 Compensation of employees.............................................
7 Taxes on production and imports less subsidies..............
8 Gross operating surplus....................................................
9 Agriculture, forestry, fishing, and h untin g......................
10
Compensation of employees.........................................
11
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
12
13 M inin g............................................................................................
14
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
15
16
Gross operating surplus................................................
17 U tilitie s ..........................................................................................
18
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
19
20
Gross operating surplus................................................
21 C o n stru ctio n ...............................................................................
22
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
23
24
Gross operating surplus................................................
25 M anu facturing.............................................................................
Compensation of employees.........................................
26
27
Taxes on production and imports less subsidies..........
28
Gross operating surplus................................................
29
Durable goods...............................................................
Compensation of employees.....................................
30
Taxes on production and imports less subsidies......
31
32
Gross operating surplus............................................
33
Nondurable goods.........................................................
34
Compensation of employees.....................................
3b
Taxes on production and imports less subsidies......
Gross operating surplus............................................
36
3/
W holesale tra d e .........................................................................
38
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
39
40
Gross operating surplus................................................
41
Retail tra d e ...................................................................................
42
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
43
44
Gross operating surplus................................................
4b Transportation and w arehousing........................................
4b
Compensation of employees.........................................
4/
Taxes on production and imports less subsidies..........
48
Gross operating surplus................................................
49 Inform ation...................................................................................
bO
Compensation of employees.........................................
b1
Taxes on production and imports less subsidies..........
52
Gross operating surplus................................................
53 Finance, insurance, real estate, rental, and le a s in g ....
54
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
55
56
Gross operating surplus................................................
57
Finance and in s u ra n c e .......................................................
Compensation of employees.....................................
58
59
Taxes on production and imports less subsidies
60
Gross operating surplus............................................
61
Real estate and rental and le a s in g ................................
62
Compensation of employees.....................................
63
Taxes on production and imports less subsidies......
64
Gross operating surplus............................................
2001
2002
2003
2004
100.0
100.0
100.0
100.0
58.7
6.6
34.6
58.2
6.9
34.8
57.7
6.9
35.5
57.0
6.9
36.1
100.0
100.0
100.0
100.0
55.0
7.7
37.2
54.3
8.1
37.6
53.6
8.0
38.4
52.9
8.0
39.1
100.0
100.0
100.0
100.0
36.9
-12.9
76.1
38.2
^ .0
65.8
31.6
-6.6
75.0
27.7
-3.0
75.3
100.0
100.0
100.0
100.0
32.7
11.9
55.4
35.4
11.9
52.7
27.3
10.3
62.5
25.3
9.5
65.3
100.0
100.0
100.0
100.0
23.9
12.7
63.3
24.7
16.7
58.6
23.7
16.8
59.5
23.6
16.6
59.8
100.0
100.0
100.0
100.0
69.8
1.1
29.1
69.0
1.2
29.8
67.3
1.2
31.4
65.5
1.2
33.2
100.0
100.0
100.0
100.0
65.4
3.1
31.5
100.0
75.0
1.8
23.2
100.0
52.0
4.9
43.0
64.6
3.3
32.1
100.0
73.7
1.9
24.4
100.0
52.5
5.1
42.3
65.7
3.3
31.0
100.0
75.2
2.0
22.9
100.0
52.9
5.1
42.0
64.4
3.4
32.2
100.0
72.9
2.0
25.1
100.0
52.8
5.2
42.0
100.0
100.0
100.0
100.0
55.0
22.3
22.7
54.2
22.4
23.4
54.5
22.8
22.7
52.9
22.0
25.1
100.0
100.0
100.0
100.0
59.4
20.6
20.0
58.7
20.4
20.9
57.7
20.6
21.8
57.1
20.9
22.0
100.0
100.0
100.0
100.0
68.5
3.3
28.1
67.0
5.2
27.8
64.1
4.4
31.5
66.0
5.1
28.8
100.0
100.0
100.0
100.0
51.2
7.8
41.0
47.2
7.9
45.0
45.8
7.9
46.3
43.5
7.5
49.0
100.0
100.0
100.0
100.0
25.2
9.5
65.3
24.8
9.9
65.2
24.7
9.9
65.4
25.1
10.0
64.9
100.0
100.0
100.0
100.0
55.8
4.0
40.2
54.5
4.1
41.5
53.2
4.1
42.7
55.0
4.2
40.8
100.0
100.0
100.0
100.0
6.4
12.9
80.7
6.4
13.6
80.0
6.4
13.7
80.0
6.4
13.6
80.0
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
2001
Line
2002
2003
2004
65
66
6/
68
69
70
/1
72
73
/4
/b
76
77
78
/9
80
81
Professional and business s e rv ic e s..................................
100.0
100.0
100.0
100.0
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
73.5
1.9
24.6
71.6
1.9
26.5
70.5
1.9
27.5
69.9
1.9
28.3
Professional, scientific, and technical s e rv ic e s .......
100.0
100.0
100.0
100.0
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
71.5
1.6
26.9
69.4
1.7
29.0
68.4
1.7
29.9
67.8
1.7
30.5
M anagem ent of com panies and en terp rises ..............
100.0
100.0
100.0
100.0
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
78.7
1.8
19.5
75.9
1.7
22.4
75.3
1.7
23.1
73.4
1.5
25.1
Adm inistrative and w aste m anagem ent s erv ices.....
100.0
100.0
100.0
100.0
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
75.0
2.7
22.3
74.3
2.7
23.0
72.6
2.6
24.8
72.2
2.5
25.3
Educational services, health care, and social
a s s is ta n c e ...............................................................................
100.0
100.0
100.0
100.0
82
83
84
85
86
87
88
89
90
91
92
93
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
80.4
1.2
18.4
80.0
1.2
18.8
80.1
1.2
18.7
80.0
1.2
18.8
Educational s erv ices...........................................................
100.0
100.0
100.0
100.0
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
91.8
1.4
6.9
91.7
1.3
7.0
92.0
1.3
6.8
91.8
1.3
6.9
Health care and social a s s is ta n c e .................................
100.0
100.0
100.0
100.0
Compensation of employees.....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
78.9
1.2
19.9
78.4
1.2
20.4
78.5
1.2
20.3
78.4
1.2
20.4
Arts, entertainm ent, recreation, accom m odation, and
food serv ices...........................................................................
100.0
100.0
100.0
100.0
63.0
11.5
25.6
62.3
11.2
26.5
62.3
11.4
26.3
62.1
11.4
26.4
100.0
100.0
100.0
100.0
59.5
9.9
30.6
58.5
9.7
31.8
59.3
10.0
30.8
59.3
10.2
30.5
100.0
100.0
100.0
100.0
64.2
12.1
23.7
63.7
11.8
24.5
63.4
11.9
24.7
63.2
11.9
25.0
100.0
100.0
100.0
100.0
68.6
6.6
24.8
70.0
6.6
23.4
69.9
6.6
23.5
69.8
6.7
23.4
100.0
100.0
100.0
100.0
84.6
-0.9
16.3
85.1
-1.0
15.9
85.4
-1.0
15.5
85.7
-1.0
15.2
94
Compensation of employees.........................................
95
Taxes on production and imports less subsidies..........
96
Gross operating surplus................................................
97
Arts, entertainm ent, and recre atio n ...............................
Compensation of employees.....................................
98
99
Taxes on production and imports less subsidies......
100
Gross operating surplus............................................
Accom m odation and food s e rv ic e s ...............................
101
102
Compensation of employees.....................................
103
Taxes on production and imports less subsidies......
104
Gross operating surplus............................................
105 O ther services, except go ve rn m en t....................................
106
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
107
108
Gross operating surplus................................................
109 G overnm ent.......................................................................................
110 Compensation of employees.............................................
111 Taxes on production and imports less subsidies...............
11? Gross operating surplus.....................................................
Addenda:
113
114
115
116
11/
118
119
120
121
Private goods-producing industries1.................................
100.0
100.0
100.0
100.0
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
63.1
2.4
34.5
62.9
2.9
34.2
61.6
2.8
35.6
59.5
2.9
37.6
Private services-producing industries2 ............................
100.0
100.0
100.0
100.0
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
52.7
9.3
51.8
9.6
51.2
9.6
51.0
9.5
38.0
38.6
39.2
39.5
Inform ation-com m unications-technology-producing
industries3...............................................................................
100.0
100.0
100.0
100.0
122
123
124
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
85.8
1.9
12.3
79.3
2.0
18.8
76.9
2.0
21.1
76.2
2.0
21.8
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
43
Table 5. Chain-Type Quantity Indexes for Value Added by Industry, 2001-2004
[2000 = 100]
Line
2001
2002
2003
2004
Gross dom estic produ ct....................................................
100.751
102.362
105.130
109.562
? Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and h u ntin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M inin g............................................................................................
7
Oil and gas extraction....................................................
8
Mining, except oil and gas.............................................
9
Support activities for mining.........................................
10 U tilitie s ..........................................................................................
11 C o n stru ctio n ...............................................................................
12 Manufacturing
13
Durable goods...............................................................
14
Wood products..........................................................
15
Nonmetallic mineral products....................................
Primary metals..........................................................
1b
17
Fabricated metal products.........................................
18
Machinery.................................................................
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment...............................
23
Furniture and related products.................................
24
Miscellaneous manufacturing....
2b
Nondurable goods.........................................................
2b
Food and beverage and tobacco products...............
2/
Textile mills and textile product mills.........................
2b
Apparel and leather and allied products..................
2y
Paper products..........................
30
Printing and related support activities......................
31
Petroleum and coal products.....
3?
Chemical products....................
33
Plastics and rubber products....................................
34 W holesale trad e.........................................................................
3b Retail tra d e ...................................................................................
36 Transportation and w a re h o u s in g .......................................
Air transportation...........................................................
3/
3b
Rail transportation.........................................................
Water transportation......................................................
39
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
4b In fo rm a tio n .................................................................................
4b
Publishing industries (includes software).....................
4/
Motion picture and sound recording industries............
4b
Broadcasting and telecommunications........................
49
Information and data processing services...................
100.908
102.354
105.178
110.069
93.661
98.767
106.268
108.139
91.726
99.289
98.001
100.779
106.217
106.016
106.171
115.122
94.715
88.719
87.383
89.352
95.948
95.432
86.763
101.200
89.524
51.999
95.551
90.080
58.537
94.552
93.152
68.054
95.081
99.144
106.881
108.054
100.163
98.201
96.895
99.305
94.436
97.066
98.894
103.638
94.031
98.256
98.749
89.582
89.940
91.863
98.023
95.878
88.563
101.211
88.891
96.065
95.034
100.777
81.458
90.676
87.752
92.374
91.202
97.474
92.045
95.663
96.460
99.537
91.555
85.780
85.370
100.104
96.557
107.964
99.673
89.240
98.033
99.056
99.273
80.804
84.306
91.440
88.804
123.795
108.549
94.224
99.756
99.800
101.901
88.463
88.330
84.409
115.865
98.704
121.213
89.790
88.260
103.632
97.827
99.013
87.162
74.671
87.873
86.797
99.400
110.082
95.975
106.071
103.001
107.119
96.427
91.006
92.164
140.268
97.439
117.879
89.935
94.746
115.339
100.507
100.644
87.756
78.692
96.172
90.687
94.070
110.507
106.089
107.003
108.059
110.467
115.559
106.970
109.294
113.202
120.420
1
97.354
99.531
103.164
107.340
98.871
97.046
94.742
94.736
100.165
95.650
98.791
97.679
108.822
95.762
77.875
94.279
101.126
110.255
100.515
102.642
123.187
96.846
80.795
95.512
99.276
115.373
102.469
107.631
137.855
100.530
73.588
98.481
99.635
119.293
107.575
104.690
104.034
106.263
109.092
123.022
99.104
98.007
106.567
106.516
98.873
110.050
107.565
115.749
101.731
112.830
109.364
125.162
112.045
122.289
125.401
140.431
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leasing.....
Finance and insurance........................................................
103.858
104.368
104.800
106.681
108.409
113.027
112.539
114.148
Federal Reserve banks, credit intermediation, and
related activities.....................................................
Securities, commodity contracts, and investments....
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles................
108.433
111.116
96.067
81.137
119.480
101.216
94.323
77.322
128.486
104.472
98.100
91.224
127.447
114.992
96.656
95.954
Real estate and rental and leasing.................................
103.537
103.647
105.603
111.555
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
104.027
104.363
106.645
113.108
98.589
96.292
94.753
95.348
59
60
61
62
63
Professional and business s erv ices..................................
99.346
99.192
102.393
108.993
100.583
99.059
101.341
108.533
Legal services...........................................................
Computer systems design and related services
Miscellaneous professional, scientific, and technical
services.................................................................
101.148
99.625
97.383
101.473
100.266
102.802
99.591
111.082
100.681
98.929
101.270
111.021
64
bb
bb
b/
bb
M anagem ent of com panies and enterprises..............
98.129
101.080
104.627
110.954
A dm inistrative and w aste m anagem ent serv ices.....
97.185
98.359
103.504
108.908
Administrative and support services..........................
Waste management and remediation services
97.278
96.224
98.455
97.378
103.847
100.046
109.736
100.750
Educational services, health care, and social
a s s is ta n c e ...............................................................................
103.186
107.527
Educational serv ices ...........................................................
99.835
102.438
110.523
103.594
104.413
Health care and social a s s is ta n c e .................................
103.634
108.213
111.468
115.357
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance.......................................................
105.794
100.516
105.366
111.543
102.961
113.301
116.308
103.896
119.273
122.038
105.166
125.836
Arts, entertainm ent, recreation, accom m odation, and
food services...........................................................................
99.292
101.022
103.997
Arts, entertainm ent, and recreation...............................
103.144
106.783
107.590
107.168
109.749
109.213
106.224
106.764
112.318
102.779
106.302
99.280
104.631
100.834
109.154
99.780
103.766
101.001
104.766
102.204
103.789
105.219
87.671
106.207
92.312
104.477
105.197
105.320
95.536
106.157
94.979
50
51
52
53
54
55
56
57
58
69
70
71
7?
73
74
75
/b
Professional, scientific, and technical services
Performing arts, spectator sports, museums, and
related activities..................................................... 101.547 107.344
//
Amusements, gambling, and recreation industries.... 104.461 106.309
78
97.979
Accom m odation and food s erv ices...............................
99.059
79
Accommodation.........................................................
94.144
95.600
99.998 100.886
80
Food services and drinking places...........................
81 O ther services, except g o ve m m en t....................................
98.337
98.667
8? G overnm ent...................................................................................... 100.794 102.467
83 F e d e ra l.....................
98.350 100.322
84
General government...................................................... 100.531 102.518
85
87.879
Government enterprises................................................
89.779
101.917 103.451
86 State and local
87
General government...................................................... 102.391 104.360
88
96.842
Government enterprises................................................
93.792
114.026
Addenda;
89
90
91
Private goods-producing industries ' .................................
Private services-producing industries2............................
Information-communications-technology-producing
95.654
102.584
96.853
104.107
98.009
107.452
101.811
112.686
99.607
101.626
108.412
122.390
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Annual Industry Accounts
44
December 2005
Table 5.A. Percent Changes in Chain-Type Quantity Indexes for Value Added by Industry, 2001-2004
Line
1
Gross dom estic produ ct....................................................
? Private in d u s trie s ...........................................................................
3 A griculture, forestry, fishing, and h u ntin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M in in g ............................................................................................
/
Oil and gas extraction....................................................
8
Mining, except oil and gas.............................................
9
Support activities for mining..........................................
10 U tilitie s ..........................................................................................
11 C on stru ctio n ...............................................................................
12 M anu facturing.............................................................................
13
Durable goods...............................................................
14
Wood products..........................................................
15
Nonmetallic mineral products....................................
1fi
Primary metals..........................................................
17
Fabricated metal products.........................................
18
Machinery.................................................................
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
23
Furniture and related products..................................
24
Miscellaneous manufacturing....................................
2b
Nondurable goods.........................................................
26
Food and beverage and tobacco products...............
2/
Textile mills and textile product mills..........................
28
Apparel and leather and allied products...................
29
Paper products..........................................................
30
Printing and related support activities......................
31
Petroleum and coal products.....................................
32
Chemical products....................................................
33
Plastics and rubber products.....................................
34 W holesale tra d e .........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w arehousing........................................
37
Air transportation...........................................................
Rail transportation.........................................................
38
39
Water transportation......................................................
40
Truck transportation.......................................................
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
45 Inform ation...................................................................................
46
Publishing industries (includes software).....................
47
Motion picture and sound recording industries............
Broadcasting and telecommunications........................
48
49
Information and data processing services....................
2001
0.8
2002
2003
2004
1.6
1.4
2.7
4.2
2.8
4.7
-6 .3
5.5
7.6
1.8
-8.3
-0.7
6.8
1.5
8.4
5.2
0.0
8.6
-5 .3
-6 .3
-1 .5
2.3
-4A
-4.6
-13.2
5.5
-6.2
-40.1
-5.6
0.6
12.6
-1.0
3.4
16.3
0.9
-4 .9
4.3
7.8
1.1
0.2
-2 .0
-1 .3
2.5
-5 .6
2.8
1.9
4.8
-6.0
-1.7
-1.3
-10.4
-10.1
-8.1
-2.0
-4.1
-11.4
1.2
-11.1
-3.9
-5.0
0.8
-18.5
-9.3
-12.2
-7.6
-8.8
-2.5
-8.0
6.3
3.2
5.1
9.0
3.0
9.2
21.1
-1.3
-2.8
0.2
7.3
11.3
2.7
1.6
0.7
5.4
9.4
4.5
-5.4
0.4
10.5
1.7
-1.8
0.8
2.2
-4.6
-7.1
2.1
0.7
21.9
-1.5
0.4
2.0
4.2
-1.5
-0.8
-7.0
4.2
-3.9
35.7
11.4
2.4
4.3
3.5
2.4
-3.4
3.0
-1.1
15.7
2.2
12.3
-9.9
-1.1
5.7
-1.2
-0.3
7.9
-11.4
-3.9
-2.3
-19.7
1.4
1.9
7.0
1.0
2.2
4.6
7.0
2.2
3.6
6.4
-2 .6
2.2
3.7
4.0
-1.1
-3.0
-5.3
-5.3
0.2
-4.4
-1.2
-2.3
10.1
-1.3
-17.8
-0.5
1.0
15.3
1.7
5.1
13.2
1.1
3.7
1.3
-1.8
4.6
1.9
4.9
11.9
3.8
-8.9
3.1
0.4
3.4
5.0
-2.7
4.0
2.1
2.7
12.8
-0.9
-2.0
6.6
6.5
-0.2
12.3
0.9
8.7
2.9
2.5
1.7
8.1
10.1
8.4
14.7
12.2
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
2001
Line
50
51
52
2002
2003
2004
Finance, insurance, real estate, rental, and leas in g .....
Finance and insurance........................................................
3.9
4.4
0.9
2.2
3.4
5.9
3.8
1.0
Federal Reserve banks, credit intermediation, and
related activities.....................................................
Securities, commodity contracts, and investments....
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles................
8.4
11.1
-3.9
-18.9
10.2
-8.9
-1.8
-4.7
7.5
3.2
4.0
18.0
-0.8
10.1
-1.5
5.2
Real estate and rental and leas in g.................................
3.5
0.1
1.9
5.6
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
4.0
0.3
2.2
6.1
-1.4
-2.3
-1.6
0.6
59
60
61
62
63
Professional and business s e rv ic e s ..................................
- 0 .7
-0 .2
3.2
Professional, scientific, and technical s e rv ic e s .......
0.6
-1 .5
2.3
7.1
Legal services............................................................
Computer systems design and related services.......
Miscellaneous professional, scientific, and technical
services.................................................................
1.1
-0.4
-3.7
1.9
3.0
1.3
-0.7
8.1
0.7
-1.7
2.4
9.6
64
65
66
6/
68
M anagem ent of com panies and en terp rises..............
-1 .9
3.0
3.5
6.0
Adm inistrative and w aste m anagem ent s erv ices.....
- 2 .8
1.2
5.2
5.2
Administrative and support services..........................
Waste management and remediation services.........
-2.7
-3.8
1.2
1.2
5.5
2.7
5.7
0.7
53
54
55
56
57
58
69
70
71
7?
73
74
75
76
Educational services, health care, and social
a s s is ta n c e ...............................................................................
6.4
3.2
4.2
2.8
3.2
Educational s e rv ic e s ........................
-0 .2
2.6
1.1
0.8
Health care and social assistance
3.6
4.4
3.0
3.5
Ambulatory health care services.
Hospitals and nursing and residential care facilities
Social assistance.......................................................
5.8
0.5
5.4
5.4
2.4
7.5
4.3
0.9
5.3
4.9
1.2
5.5
Arts, entertainm ent, recreation, accom m odation, and
food serv ices...........................................................................
-0 .7
1.7
2.9
3.0
A rts, entertainm ent, and recre atio n ...............................
3.1
3.5
0.8
2.0
1.5
4.5
5.7
1.8
1.7
-0.1
-2.2
5.7
Performing arts, spectator sports, museums, and
related activities.....................................................
77
Amusements, gambling, and recreation industries....
78
Accom m odation and food s e rv ic e s ...............................
Accommodation.........................................................
79
80
Food services and drinking places............................
81 Other services, except go ve rn m en t...................................
82 G overnm ent.......................................................................................
83 Fe d e ra l...........................................................................................
84
General government.
85
Government enterprises................................................
86 State and lo c a l.............
87
General government.
88
Government enterprises................................................
-2 .0
1.1
3.8
3.4
-5.9
0.0
1.5
0.9
3.8
3.7
1.6
4.3
- 1 .7
0.8
-1 .7
0.3
1.7
2.0
1.1
1.3
1.9
1.2
1.0
1.6
0.5
-12.1
2.0
2.2
2.6
-2.3
0.9
5.3
1.9
1.5
1.0
0.7
2.4
-3.2
1.9
-3.1
0.9
1.9
0.8
-0.6
-4.3
2.6
1.3
1.5
1.2
3.2
3.9
4.9
-0.4
2.0
6.7
12.9
Addenda:
89
90
91
Private goods-producing industries 1.................................
Private services-producing industries 2.............................
Information-communications-technology-producing
industries3......................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
45
Table 6. Real Value Added by Industry, 2001-2004
[Billions of chained (2000) dollars]
Line
1
Gross dom estic produ ct....................................................
? Private in d u s trie s..........................................................................
3 A griculture, forestry, fishing, and huntin g......................
4
Farms............................................................................
Forestry, fishing, and related activities.........................
b
6 M inin g............................................................................................
7
Oil and gas extraction....................................................
Mining, except oil and gas.............................................
8
Support activities for mining..........................................
9
10 U tilitie s ..........................................................................................
11 C o n struction...............................................................................
12 M a n u fa c tu rin g ...........................................................................
Durable goods...............................................................
13
14
Wood products..........................................................
15
Nonmetallic mineral products....................................
16
Primary metals..........................................................
1/
Fabricated metal products.........................................
Machinery.................................................................
18
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
Other transportation equipment...............................
22
Furniture and related products..................................
23
24
Miscellaneous manufacturing....................................
Nondurable goods.........................................................
?5
26
Food and beverage and tobacco products...............
27
Textile mills and textile product mills.........................
28
Apparel and leather and allied products..................
29
Paper products..........................................................
Printing and related support activities......................
30
31
Petroleum and coal products.....................................
32
Chemical products....................................................
33
Plastics and rubber products...................................
34 W holesale trad e.........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w a re h o u s in g .......................................
Air transportation...........................................................
37
Rail transportation.........................................................
38
Water transportation......................................................
39
Truck transportation.......................................................
40
Transit and ground passenger transportation...............
41
Pipeline transportation..................................................
42
Other transportation and support activities..................
43
Warehousing and storage.............................................
44
45 In fo rm a tio n .................................................................................
Publishing industries (includes software).....................
46
Motion picture and sound recording industries............
47
Broadcasting and telecommunications........................
48
49
Information and data processing services...................
2001
2002
2003
2004
9,890.7 10,048.8 10,320.6 10,755.7
8,692.5 8,817.1 9,060.3 9,481.7
91.8
96.8
104.2
106.0
65.6
70.1
76.0
75.9
26.7
28.1
26.3
30.5
107.6
108.4
114.9
106.0
77.7
82.0
77.4
76.6
24.2
25.8
24.3
25.1
11.6
6.9
7.8
9.1
187.7
202.3
180.0
204.5
422.4
436.6
428.1
432.9
1,346.9 1,384.4 1,410.4 1,478.1
827.7
863.2
813.6
917.8
30.3
31.4
32.4
30.9
45.2
45.5
46.6
49.0
44.1
43.2
42.6
46.5
109.4
104.4
107.5
110.7
100.4
93.3
92.3
100.7
181.9
185.8
215.0
260.3
48.8
49.9
48.5
49.3
127.5
143.2
104.6
139.2
64.2
65.2
57.9
58.0
29.2
29.1
28.9
31.0
56.4
59.6
55.3
66.3
555.7
533.1
548.8
563.8
153.7
153.3
156.0
155.8
21.4
23.1
23.2
21.5
22.7
21.1
18.7
19.7
48.8
50.8
48.9
53.5
45.3
43.5
42.5
44.4
32.5
26.1
24.7
23.9
153.1
170.5
172.9
173.6
62.9
61.4
64.0
70.8
639.4
653.6
683.7
633.1
724.0
749.9
797.7
708.6
300.2
311.2
323.8
293.6
71.1
62.8
57.0
/9.5
24.4
24.7
25.7
24.8
5.6
5.8
6.8
5.3
87.5
88.7
91.4
87.9
14.4
14.6
14.4
14.5
8.3
9.6
10.1
10.4
69.4
70.6
72.0
75.5
24.4
25.6
26.9
26.1
487.0
476.8
500.0
563.8
115.7
115.4
118.8
130.8
36.7
31.9
35.8
39.8
291.8
296.7
289.1
340.2
43.7
40.2
47.2
53.0
1. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 value of not
allocated by industry reflects the difference between the first line and the sum of the most detailed lines, as well as the
differences in source data used to estimate GDP by industry and the expenditures measure of real GDP.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2001
2002
2003
2004
2,005.4
772.8
2,023.6
790.0
2,093.3
837.0
2,173.1
845.3
345.9
186.4
228.9
12.6
1,232.6
1,125.7
381.2
169.8
224.7
12.0
1,233.9
1,129.3
409.9
175.2
233.7
14.1
1,257.2
1,154.0
406.6
192.9
230.3
14.9
1,328.0
1,224.0
106.8
1,133.4
679.1
137.7
125.3
104.3
1,131.6
668.8
132.6
127.6
102.7
1,168.1
684.2
136.5
129.3
103.3
1,243.4
732.7
135.6
139.7
416.1
179.9
274.4
250.2
24.2
408.8
185.3
277.7
253.2
24.5
418.5
191.8
292.3
267.1
25.2
458.8
203.4
307.5
282.2
25.4
700.1
79.1
621.0
325.4
239.8
55.9
729.5
81.2
648.4
343.1
245.6
60.1
749.8
82.1
667.9
357.8
247.8
63.2
773.6
82.7
691.2
375.4
250.9
66.7
A rts, entertainm ent, and recre atio n ..............................
347.6
91.5
353.7
94.7
364.1
95.4
375.2
97.3
Performing arts, spectator sports, museums, and
related activities....................................................
77
Amusements, gambling, and recreation industries...
/8
Accom m odation and food s e rv ic e s ..............................
79
Accommodation........................................................
80
Food services and drinking places..........................
81 Other services, except g o ve rn m en t..................................
82 G o ve rn m en t.....................................................................................
83 F e d e ra l..........................................................................................
84
General government.....................................................
Government enterprises...............................................
85
86 S tate and local.......
87
General government.....................................................
88
Government enterprises...............................................
89 Not allocated by industry 1
40.6
50.8
256.2
85.4
170.8
225.3
1,212.2
372.5
317.0
55.7
839.7
772.3
67.5
-16.3
43.0
51.7
259.0
86.7
172.3
226.1
1,232.4
380.0
323.3
56.9
852.4
787.1
65.4
-9.4
43.7
51.7
268.7
90.0
178.7
228.6
1,248.0
387.1
331.8
55.6
860.8
794.4
66.6
-8.4
42.7
54.7
277.9
91.4
186.4
231.4
1,260.0
393.1
334.9
58.5
866.8
800.7
66.2
-41.3
1,991.0
6,701.6
2,016.0
6,801.1
2,040.0
7,019.6
2,119.2
7,361.6
464.0
473.4
505.0
570.1
Line
50
51
W
53
54
55
56
57
58
Finance, insurance, real estate, rental, and leasing. ..
Finance and in su ran ce......................................................
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
Real estate and rental and leas in g ................................
Real estate................................................................
Rental and leasing services and lessors of intangible
assets...................................................................
59
60
61
62
63
Professional and business s e rv ic e s .................................
64
65
66
67
68
M anagem ent of com panies and e n terp rises.............
bb
70
/1
It
/3
74
75
76
Professional, scientific, and technical s e rv ic e s ......
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services................................................................
Adm inistrative and w aste m anagem ent services . ..
Administrative and support services........................
Waste management and remediation services........
Educational services, health care, and social
a s s is ta n c e ..............................................................................
Educational s e rv ic e s ..........................................................
Health care and social assistance.................................
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
A rts, entertainm ent, recreation, accom m odation, and
food serv ices.........................................................................
Addenda:
90
yi
92
Private goods-producing industries2................................
Private services-producing industries 3...........................
Information-communications-technology-producing
industries4.....................................................................
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance and insur
ance; real estate and rental and leasing; professional, scientific and technical services; management of companies and
enterprises; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
4. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
46
Annual Industry Accounts
December 2005
Table 7. Chain-Type Price Indexes for Value Added by Industry, 2001-2004
[2000 = 100]
Line
1
2001
Gross dom estic p ro d u ct....................................................
? Private in d u s trie s ..........................................................................
3 Agriculture, forestry, fishing, and h u ntin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M inin g............................................................................................
/
Oil and gas extraction....................................................
Mining, except oil and gas.............................................
8
9
Support activities for mining..........................................
10 U tilitie s ..........................................................................................
11 C o n stru ctio n ...............................................................................
1? M anu facturing.............................................................................
13
Durable goods...............................................................
14
Wood products..........................................................
15
Nonmetallic mineral products....................................
16
Primary metals..........................................................
17
Fabricated metal products.........................................
Machinery.................................................................
18
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
23
Furniture and related products..................................
24
Miscellaneous manufacturing....................................
2b
Nondurable goods.........................................................
2b
Food and beverage and tobacco products...............
2/
Textile mills and textile product mills..........................
28
Apparel and leather and allied products...................
29
Paper products..........................................................
30
Printing and related support activities......................
31
Petroleum and coal products.....................................
32
Chemical products....................................................
33
Plastics and rubber products.....................................
34 W holesale trad e.........................................................................
3b Retail tra d e ...................................................................................
36 Transportation and w arehousing........................................
Air transportation...........................................................
37
Rail transportation.........................................................
38
Water
transportation......................................................
39
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
4b Inform ation...................................................................................
46
Publishing industries (includes software).....................
4/
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services....................
2002
2003
2004
102.399
104.187
106.304
109.098
102.038
103.563
105.479
108.114
106.632
98.587
109.652
133.607
111.472
94.129
101.031
92.226
115.835
93.331
147.789
96.359
103.320
98.966
134.235
158.544
93.317
105.136
165.211
76.565
111.048
244.070
120.359
112.874
278.099
150.433
121.512
287.604
112.393
110.474
110.040
115.023
107.537
112.663
118.604
126.941
99.589
97.707
97.079
96.077
95.729
101.372
99.315
95.136
102.372
102.744
75.281
101.441
99.137
106.067
103.857
103.587
105.508
107.126
105.404
100.349
100.330
103.528
139.419
102.702
103.233
93.602
100.319
100.900
95.060
102.894
103.450
66.836
99.890
93.232
108.429
106.400
106.466
103.995
112.490
102.680
99.019
98.969
104.918
80.770
102.275
104.230
91.004
105.120
99.028
90.695
101.502
103.072
58.436
97.300
90.753
112.313
106.174
106.936
106.372
111.312
98.601
98.509
95.064
104.726
128.568
105.138
102.483
89.787
121.082
101.519
109.527
104.227
99.490
50.959
97.755
86.260
115.379
101.161
104.677
105.724
107.788
100.161
95.748
91.543
103.203
140.910
107.195
99.369
95.886
96.246
96.838
101.607
97.598
99.390
100.146
99.085
101.126
101.449
103.347
102.825
87.609
103.161
108.399
106.119
104.193
109.919
102.859
102.836
77.009
107.129
123.722
109.303
107.278
119.834
103.955
104.718
77.890
109.540
156.546
111.415
112.582
104.068
106.116
105.143
67.155
112.805
150.900
114.515
116.711
102.925
110.190
103.675
100.030
99.173
98.366
95.552
102.579
105.309
97.952
103.217
103.097
108.634
95.588
105.642
100.058
115.658
94.509
106.102
95.812
118.954
91.696
102.149
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
2002
2003
2004
Finance, insurance, real estate, rental, and le a s in g ....
Finance and in s u ra n c e .......................................................
102.680
101.267
105.843
104.148
107.983
105.763
111.035
109.722
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles...............
104.083
91.343
102.403
142.899
109.516
87.415
105.652
162.482
110.232
87.509
111.387
139.192
114.284
88.634
117.084
149.338
Real estate and rental and le a s in g ................................
103.569
106.911
109.393
111.854
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
103.909
107.664
109.932
112.315
100.052
98.985
103.839
107.224
59
60
61
62
63
Professional and business s e rv ic e s .................................
Professional, scientific, and technical serv ices .......
102.867
102.911
105.068
105.451
105.803
106.311
108.719
107.043
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services.................................................................
105.719
101.430
109.949
99.786
114.134
97.687
121.043
95.265
102.436
105.705
106.403
106.185
64
65
66
67
68
M anagem ent of com panies and e n te rp ris e s .............
98.729
99.172
99.823
108.523
Adm inistrative and w aste m anagem ent s e rv ic e s ....
105.465
108.000
108.489
112.755
Administrative and support services.........................
Waste management and remediation services........
105.542
104.670
107.906
108.979
108.203
111.483
112.056
120.204
Educational services, health care, and social
assistance................................................................................
Educational s e rv ic e s ..........................................................
105.610
107.566
109.605
114.903
113.440
121.391
117.500
128.468
Health care and social assistan ce .................................
105.356
108.928
112.434
116.126
Ambulatory health care services...............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
103.894
107.616
103.941
105.441
114.453
105.510
107.521
120.621
106.431
110.011
127.077
106.227
50
51
b2
53
54
55
56
57
58
69
70
71
7?
73
74
/b
/6
2001
Arts, entertainm ent, recreation, accom m odation, and
food se rv ic e s ..........................................................................
103.978
107.862
109.522
113.091
A rts, entertainm ent, and rec re a tio n ..............................
104.592
108.130
111.414
114.641
105.079
104.198
108.802
107.586
113.188
109.947
117.585
112.222
103.765
107.774
108.849
112.539
102.488
104.421
102.789
110.291
104.371
111.111
110.221
113.729
107.171
103.802
111.706
108.608
115.624
113.343
120.026
117.722
103.544
109.831
115.508
121.070
102.721
107.778
109.147
113.255
115.296
116.154
121.881
115.705
103.918
108.065
112.378
116.223
103.691
106.444
107.855
110.385
112.508
110.605
116.332
114.705
101.832
102.098
101.037
104.311
104.249
105.847
107.737
108.236
91.424
88.014
83.345
78.089
Performing arts, spectator sports, museums, and
related activities....................................................
//
Amusements, gambling, and recreation industries ...
78
Accom m odation and food s e rv ic e s ..............................
79
Accommodation........................................................
80
Food services and drinking places............................
81
O ther services, except g o v e rn m e n t..................................
82 G o ve rn m en t........................
83 F e d e ra l............................
84
General government.
85
Government enterprises...............................................
86 State and lo c a l..............
87
General government.
88
Government enterprises...............................................
Addenda:
89
90
91
Private goods-producing industries 1................................
Private services-producing industries 2.............................
Information-communications-technology-producing
industries3.....................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
47
Table 7.A. Percent Changes in Chain-Type Price Indexes for Value Added by Industry, 2001-2004
Line
Gross dom estic pro d u ct....................................................
1
2 Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and huntin g......................
4
Farm s.........................................................................................
5
Forestry, fishing, and related activities.............................
6 M in in g ............................................................................................
Oil and gas extraction............................................................
7
8
Mining, except oil and gas....................................................
Support activities for mining................................................
9
10 U tilitie s ..........................................................................................
11 C o n struction...............................................................................
12 M a n u fa c tu rin g ............................................................................
Durable goods.........................................................................
13
14
Wood products...................................................................
Nonmetallic mineral products.........................................
15
Primary m etals...................................................................
16
17
Fabricated metal products...............................................
Machinery............................................................................
18
19
Computer and electronic products................................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts............
22
Other transportation equipment.....................................
23
Furniture and related products.......................................
24
Miscellaneous manufacturing.........................................
Nondurable goods..................................................................
25
26
Food and beverage and tobacco products..................
27
Textile mills and textile product mills.............................
28
Apparel and leather and allied products.....................
29
Paper products...................................................................
30
Printing and related support activities..........................
31
Petroleum and coal products
32
Chemical products.......
Plastics and rubber products
33
34 W holesale trad e....................
35 Retail tra d e .............................
36 Transportation and w arehousing
37
Air transportation...............
Rail transportation..................................................................
38
W ater transportation..............................................................
39
Truck transportation................................................................
40
41
Transit and ground passenger transportation.................
Pipeline transportation..........................................................
42
43
Other transportation and support activities.....................
44
Warehousing and storage....................................................
45 In fo rm a tio n .................................................................................
46
Publishing industries (includes software)........................
47
Motion picture and sound recording industries..............
Broadcasting and telecommunications............................
48
49
Information and data processing services......................
2001
2002
2003
2004
2.4
1.7
2.0
2.6
2.0
1.5
1.9
2.5
6.6
-7 .5
11.2
21.8
11.5
-5.9
-9.4
-2.0
14.7
1.2
27.6
3.2
3.3
-4 .2
35.6
18.1
-6.7
5.1
65.2
-18.0
5.6
47.7
57.2
1.6
13.9
25.0
7.7
3.4
12.4
- 1 .7
-0 .4
4.5
7.5
4.8
5.3
7.0
- 0 .4
- 1 .9
-0 .6
-1 .0
-4.3
1.4
-0.7
-4.9
2.4
2.7
-24.7
1.4
-0.9
6.1
3.9
3.6
5.5
7.1
5.4
0.3
0.3
3.5
39.4
2.7
3.2
-2.2
-1.0
1.6
-0.1
0.5
0.7
-11.2
-1.5
-6.0
2.2
2.4
2.8
-1.4
5.0
-2.6
-1.3
-1.4
1.3
-42.1
-0.4
1.0
-2.8
4.8
-1.9
-4.6
-1.4
-0.4
-12.6
-2.6
-2.7
3.6
-0.2
0.4
2.3
-1.0
-4.0
-0.5
-3.9
-0.2
59.2
2.8
-1.7
-1.3
15.2
2.5
20.8
2.7
-3.5
-12.8
0.5
-5.0
2.7
-4.7
-2.1
-0.6
-3.2
1.6
-2.8
-3.7
-1.5
9.6
2.0
-3.0
-4 .1
0.4
0.6
4.9
- 2 .4
1.8
0.8
-1 .1
1.1
0.3
1.9
-0 .5
-12.4
3.2
8.4
6.1
4.2
9.9
2.9
2.8
-12.1
3.8
14.1
3.0
3.0
9.0
1.1
1.8
1.1
2.3
26.5
1.9
4.9
-13.2
2.1
0.4
-13.8
3.0
-3.6
2.8
3.7
-1.1
3.8
-1.4
0.0
-0 .9
- 0 .8
- 2 .9
2.6
5.3
-2.0
3.2
0.5
3.2
-2.4
2.3
-2.9
6.5
-1.1
0.4
-4.2
2.8
-3.0
-3.7
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
52
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leasing.....
Finance and insurance........................................................
2.7
1.3
3.1
2.8
2.0
1.6
2.8
3.7
Federal Reserve banks, credit intermediation, and
related activities.....................................................
Securities, commodity contracts, and investments....
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles................
4.1
-8.7
2.4
42.9
5.2
-4.3
3.2
13.7
0.7
0.1
5.4
-14.3
3.7
1.3
5.1
7.3
Real estate and rental and leasing .................................
3.6
3.2
2.3
2.2
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
3.9
3.6
2.1
2.2
0.1
-1.1
4.9
3.3
59
60
61
62
63
Professional and business serv ices..................................
Professional, scientific, and technical s e rv ic e s.......
2.9
2.9
2.1
2.5
0.7
0.8
2.8
0.7
Legal services...........................................................
Computer systems design and related services.......
Miscellaneous professional, scientific, and technical
services.................................................................
5.7
1.4
4.0
-1.6
3.8
-2.1
6.1
-2.5
2.4
3.2
0.7
-0.2
64
65
66
67
68
M anagem ent of com panies and enterprises..............
A dm inistrative and w aste m anagem ent serv ices.....
- 1 .3
5.5
0.4
2.4
0.7
0.5
8.7
3.9
Administrative and support services.........................
Waste management and remediation services........
5.5
4.7
2.2
4.1
0.3
2.3
3.6
7.8
53
54
55
56
57
58
69
70
71
72
73
74
75
76
Educational services, health care, and social
assis ta n c e ...............................................................................
5.6
3.8
3.5
3.6
Educational serv ices...........................................................
7.6
6.8
5.6
5.8
Health care and social a s s is ta n c e .................................
5.4
3.4
3.2
3.3
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance.......................................................
3.9
7.6
3.9
1.5
6.4
1.5
2.0
5.4
0.9
2.3
5.4
-0.2
Arts, entertainm ent, recreation, accom m odation, and
food s e rv ic e s .........................................................................
4.0
3.7
1.5
3.3
A rts, entertainm ent, and recreation...............................
4.6
3.4
3.0
2.9
Performing arts, spectator sports, museums, and
related activities.....................................................
Amusements, gambling, and recreation industries....
5.1
4.2
3.5
3.3
4.0
2.2
3.9
2.1
3.8
3.9
1.0
3.4
2.5
4.4
0.3
5.6
1.5
0.7
5.6
2.4
7.2
3.8
3.5
4.2
4.6
6.1
3.5
4.4
5.2
3.8
3.9
4.8
77
78
Accom m odation and food s erv ices...............................
Accommodation.........................................................
79
80
Food services and drinking places...........................
81 O ther services, except governm ent...................................
82 G overnm ent......................................................................................
83 F ed e ral...........................................................................................
84
General government......................................................
85
Government enterprises................................................
86 State and lo c a l............................................................................
87
General government......................................................
88
Government enterprises................................................
2.7
7.8
6.3
5.1
5.6
2.6
5.7
-0.4
3.9
4.0
4.0
3.4
3.7
6.4
4.0
3.7
4.3
0.2
3.4
3.7
1.8
2.1
-0.8
2.2
3.2
1.5
3.3
2.3
-8.6
-3.7
-5.3
-6.3
Addenda:
89
90
91
Private goods-producing industries 1.................................
Private services-producing industries 2............................
Information-communications-technology-producing
industries3 .....................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Annual Industry Accounts
48
Decem ber 2005
Table 8. Gross Output by Industry, 2001-2004
[Billions of dollars]
Line
2001
2002
2003
2004
All in d u s trie s .........................................................................
18,403.2
18,788.4
19,732.1
21,346.0
2 Private in d u s trie s..........................................................................
3 Agriculture, forestry, fishing, and h untin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M in in g ............................................................................................
/
Oil and gas extraction....................................................
8
Mining, except oil and gas.............................................
y
Support activities for mining..........................................
10 U tilitie s ..........................................................................................
11 C on stru ctio n ...............................................................................
1? M anu facturing.............................................................................
13
Durable goods...............................................................
14
Wood products..........................................................
15
Nonmetallic mineral products....................................
16
Primary metals..........................................................
17
Fabricated metal products.........................................
18
Machinery.................................................................
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
23
Furniture and related products..................................
24
Miscellaneous manufacturing....................................
25
Nondurable goods.........................................................
26
Food and beverage and tobacco products...............
?7
Textile mills and textile product mills..........................
28
Apparel and leather and allied products...................
29
Paper products..........................................................
30
Printing and related support activities......................
31
Petroleum and coal products.....................................
32
Chemical products....................................................
33
Plastics and rubber products.....................................
34 W holesale trad e.........................................................................
3b Retail tra d e ...................................................................................
36 Transportation and w arehousing........................................
Air transportation...........................................................
37
Rail transportation.........................................................
38
Water transportation......................................................
39
Truck
transportation.......................................................
40
Transit and ground passenger transportation...............
41
Pipeline transportation..................................................
42
Other transportation and support activities..................
43
Warehousing and storage.............................................
44
45 Inform ation...................................................................................
Publishing industries (includes software).....................
46
47
Motion picture and sound recording industries............
Broadcasting and telecommunications........................
48
Information and data processing services....................
49
16,384.1
16,632.9
17,424.5
18,895.2
258.7
249.8
278.4
319.0
210.8
47.9
202.0
47.7
225.8
52.6
258.0
61.0
224.4
200.2
259.5
306.2
132.2
48.9
43.3
111.5
49.4
39.2
159.2
50.1
50.1
189.5
55.1
61.6
343.4
328.0
352.6
368.5
899.8
906.9
959.0
1,050.5
3,896.4
3,849.7
3,919.5
4,311.6
2,128.8
86.9
93.3
135.9
248.5
253.2
418.8
109.9
420.2
173.9
70.6
117.4
1,767.7
571.3
76.2
56.5
153.6
100.1
217.5
425.0
167.5
2,084.5
88.0
94.0
138.6
242.7
239.9
351.9
100.7
463.5
163.6
74.4
127.3
1,765.2
572.2
74.6
46.2
151.4
95.2
212.5
443.7
169.5
2,103.0
90.5
95.4
133.8
239.3
243.1
351.2
98.6
480.0
163.8
74.8
132.6
1,816.5
597.2
71.8
40.6
146.3
91.3
232.8
464.0
172.5
2,304.2
107.2
99.3
169.3
263.1
278.6
392.7
103.3
495.6
175.4
80.8
139.0
2,007.4
627.0
75.2
42.7
157.7
91.2
319.5
505.2
189.0
851.3
874.0
900.6
1,023.0
1,021.0
1,080.4
1,150.8
1,231.4
571.4
576.1
596.6
640.4
106.0
43.9
28.8
205.7
25.3
27.7
100.2
33.9
104.6
44.2
28.1
205.6
25.7
31.9
99.1
36.8
115.5
45.9
30.7
204.0
27.0
31.5
102.9
39.0
122.5
50.5
32.1
225.1
28.1
32.1
110.3
39.8
1,000.6
1,011.9
1,039.4
1,107.0
242.8
78.4
587.8
91.6
241.1
83.8
588.7
98.3
243.0
88.2
606.2
102.1
254.9
94.1
645.2
112.8
1
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leasing . ..
Finance and in su ran ce.......................................................
3,137.1
1,361.7
3,198.6
1,349.2
3,377.8
1,432.5
3,620.0
1,541.8
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
555.6
284.7
441.5
79.8
580.8
236.9
458.9
72.6
609.8
247.3
502.1
73.3
640.6
277.9
544.1
79.2
Real estate and rental and le a s in g ................................
1,775.4
1,849.5
1,945.3
2,078.2
Real estate................................................................
Rental and leasing services and lessors of intangible
assets...................................................................
1,570.4
1,651.3
1,729.0
1,852.4
205.0
198.2
216.2
225.8
59
60
61
62
63
Professional and business s e rv ic e s .................................
Professional, scientific, and technical serv ices.......
1,877.0
1,105.6
1,916.4
1,130.4
2,007.0
1,184.4
2,163.8
1,269.7
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services.................................................................
193.4
173.3
202.6
164.7
223.7
164.4
231.6
166.4
738.9
763.0
796.3
871.7
64
65
66
67
68
M anagem ent of com panies and en te rp ris e s .............
A dm inistrative and w aste m anagem ent s e rv ic e s ....
290.4
481.0
290.7
495.4
305.2
517.4
342.4
551.7
50
51
5?
53
54
55
56
57
58
69
70
71
72
/3
/4
75
76
Administrative and support services........................
Waste management and remediation services........
429.7
51.3
443.3
52.1
462.0
55.4
492.2
59.6
Educational services, health care, and social
assistance...............................................................................
Educational s e rv ic e s ..........................................................
Health care and social assistance.................................
1,201.9
150.5
1,051.3
1,296.9
160.6
1,136.3
1,384.3
167.6
1,216.7
1,473.6
175.3
1,298.3
Ambulatory health care services...............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
488.3
464.1
98.9
524.7
507.0
104.6
566.3
538.4
112.1
608.7
571.6
118.0
Arts, entertainm ent, recreation, accom m odation, and
food s erv ices.........................................................................
Arts, entertainm ent, and recre atio n ..............................
655.1
154.1
683.8
163.2
720.7
171.5
778.4
179.8
Performing arts, spectator sports, museums, and
related activities....................................................
77
Amusements, gambling, and recreation industries...
/H
Accom m odation and food s e rv ic e s ..............................
79
Accommodation........................................................
80
Food services and drinking places...........................
81 O ther services, except g o ve rn m en t..................................
R? G ove rnm ent.....................................................................................
83 F e d e ra l..........................................................................................
84
General government.....................................................
85
Government enterprises...............................................
86 State and lo ca l..............
87
General government.
88
Government enterprises...............................................
70.6
83.6
75.4
87.8
79.0
92.6
80.8
99.0
500.9
520.6
549.2
598.6
130.7
370.2
134.0
386.6
142.8
406.4
156.2
442.4
445.9
2,019.2
623.8
460.2
2,155.5
683.7
478.4
2,307.6
757.6
501.7
2,450.8
824.6
541.0
82.8
600.9
82.9
671.8
85.8
736.2
88.5
1,395.4
1,471.8
1,550.0
1,626.2
1,229.1
166.3
1,301.8
169.9
1,371.1
179.0
1,440.7
185.5
Addenda:
89
90
91
Private goods-producing industries 1................................
Private services-producing industries 2............................
Information-communications-technology-producing
industries3.....................................................................
5,279.4 5,206.5 5,416.3 5,987.3
11,104.7 11,426.4 12,008.1 12,907.9
926.5
856.0
860.6
926.8
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
49
Table 9. Intermediate Inputs by Industry, 2001-2004
[Billions of dollars]
Line
1
All in d u s trie s .........................................................................
7 Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and huntin g......................
4
Farms............................................................................
Forestry, fishing, and related activities.........................
b
6 M inin g............................................................................................
7
Oil and gas extraction....................................................
Mining, except oil and gas.............................................
8
Support
activities for mining..........................................
9
10 U tilitie s ..........................................................................................
11 C o n struction...............................................................................
12 M anufacturing
13
Durable goods...............................................................
14
Wood products..........................................................
15
Nonmetallic mineral products...................................
Primary metals..........................................................
1fi
17
Fabricated metal products.........................................
Machinery.................................................................
18
Computer and electronic products...........................
19
Electrical equipment, appliances, and components
20
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment...............................
23
Furniture and related products.................................
24
Miscellaneous manufacturing....................................
Nondurable goods.........................................................
25
26
Food and beverage and tobacco products...............
71
Textile mills and textile product mills.........................
?8
Apparel and leather and allied products..................
Paper products..........................................................
29
30
Printing and related support activities......................
Petroleum and coal products.....................................
31
Chemical products....................................................
3?
33
Plastics and rubber products....................................
34 W holesale tra d e .........................................................................
3b Retail tra d e ...................................................................................
36 Transportation and w a re h o u s in g .......................................
Air transportation...........................................................
37
Rail transportation.........................................................
38
Water transportation......................................................
39
Truck transportation.......................................................
40
Transit and ground passenger transportation...............
41
Pipeline transportation..................................................
42
Other transportation and support activities..................
43
Warehousing and storage...........
44
45 In fo rm a tio n ..........................................
Publishing industries (includes software).....................
46
Motion picture and sound recording industries............
47
Broadcasting and telecommunications........................
48
Information and data processing services...................
49
2001
2002
2003
2004
8,275.3
8,318.8
8,760.9
9,611.8
7,514.4
7,501.8
7,867.7
8,644.2
160.8
154.3
164.2
177.4
137.7
23.1
131.2
23.1
137.8
26.4
145.8
31.6
105.7
93.6
117.2
134.4
59.7
21.9
24.1
48.8
22.6
22.2
66.1
22.7
28.4
74.3
24.6
35.4
141.1
120.7
130.0
133.2
430.2
424.6
458.0
501.0
2,555.1
2,497.1
2,550.3
2,891.5
1,349.9
55.6
48.4
94.8
136.5
150.0
281.8
60.7
316.5
104.8
40.4
60.2
1,205.2
404.2
53.5
33.7
104.7
53.2
184.1
267.7
104.1
1,309.8
57.5
48.1
96.6
135.3
143.4
227.7
51.9
344.7
93.9
43.4
67.2
1,187.3
399.3
52.7
25.3
101.0
49.5
186.2
269.3
104.0
1,317.5
57.6
49.2
95.1
130.2
148.1
225.6
50.0
350.0
98.8
44.1
68.8
1,232.8
426.6
49.1
22.2
99.8
46.8
199.3
282.2
106.9
1,480.1
68.0
49.6
118.4
147.7
178.4
260.0
55.1
375.5
108.5
49.5
69.6
1,411.4
459.0
51.9
23.8
108.7
45.4
284.7
319.1
118.6
244.2
258.6
267.6
328.3
329.5
360.8
399.8
441.0
274.5
271.5
275.0
307.5
56.0
18.3
21.4
112.4
10.2
18.6
28.8
8.8
56.2
18.0
21.1
109.9
10.1
20.4
25.8
10.0
60.2
18.9
21.6
105.2
10.9
21.1
26.5
10.7
69.1
21.5
24.1
120.4
11.3
21.4
27.0
12.7
523.6
528.9
547.6
568.3
124.1
44.8
304.6
50.1
122.2
44.9
309.7
52.1
124.1
45.8
325.7
51.9
129.6
46.8
333.2
58.6
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leasing .....
Finance and insurance........................................................
1,077.9
579.0
1,056.8
526.5
1,117.3
547.3
1,207.1
614.4
Federal Reserve banks, credit intermediation, and
related activities.....................................................
Securities, commodity contracts, and investments....
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles................
195.6
114.5
207.1
61.9
163.4
88.5
221.4
53.2
158.0
94.0
241.7
53.6
176.0
106.9
274.5
57.0
Real estate and rental and leasing.................................
498.8
530.3
570.0
592.7
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
400.7
435.4
460.4
477.7
98.1
94.9
109.6
115.0
59
HI I
61
6?
63
Professional and business serv ices..................................
Professional, scientific, and technical s e rv ic e s .......
711.2
406.8
727.5
425.1
771.1
457.0
812.0
485.4
Legal services...........................................................
Computer systems design and related services.......
Miscellaneous professional, scientific, and technical
services.................................................................
47.8
46.3
56.9
37.4
67.9
38.2
67.5
33.4
312.7
330.9
351.0
384.5
64
65
66
67
68
Managem ent of com panies and enterprises..............
A dm inistrative and w aste m anagem ent serv ices.....
112.8
191.6
106.9
195.4
113.7
200.3
121.6
205.0
175.9
29.1
Line
50
51
52
53
54
55
56
57
58
69
70
71
72
/3
/4
75
/6
Administrative and support services.........................
Waste management and remediation services........
165.6
26.0
170.1
25.4
173.0
27.3
Educational services, health care, and social
a ss is ta n c e ...............................................................................
Educational serv ices...........................................................
Health care and social ass is ta n c e .................................
462.5
65.4
397.1
497.3
67.3
430.0
533.7
68.0
465.7
564.6
69.0
495.6
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance.......................................................
150.2
206.1
40.8
162.9
225.8
41.2
181.6
239.4
44.7
195.7
252.8
47.2
Arts, entertainm ent, recreation, accom m odation, and
food s e rv ic e s .........................................................................
Arts, entertainm ent, and recreation...............................
293.6
58.5
302.3
60.8
322.0
65.2
354.1
68.2
27.9
30.6
28.7
32.2
29.5
35.7
30.6
37.6
235.1
241.5
256.7
285.8
43.2
191.9
44.9
196.6
48.9
207.9
55.5
230.4
204.5
760.8
207.7
817.0
214.1
893.1
224.0
967.5
238.1
266.4
310.4
348.7
215.3
22.7
248.0
18.4
289.2
21.3
327.9
20.8
522.8
550.7
582.7
618.9
428.3
94.5
452.9
97.8
477.4
105.3
509.2
109.6
3,251.9
4,262.5
3,169.7
4,332.1
3,289.6
4,578.1
3,704.2
4,940.0
502.4
439.4
439.8
481.7
Performing arts, spectator sports, museums, and
related activities.....................................................
77
Amusements, gambling, and recreation industries....
/H
Accom m odation and food s erv ices...............................
Accommodation.........................................................
79
Food services and drinking places...........................
80
81 O ther services, except g overnm ent....................................
8? G overnm ent......................................................................................
83 F ed e ral.................................
84
General government....
Government enterprises................................................
85
86 State and lo c a l..................
87
General government......................................................
Government enterprises................................................
88
89
90
91
Private goods-producing industries ' .................................
Private services-producing industries 2............................
Information-communications-technology-producing
industries3.....................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Annual Industry Accounts
50
Decem ber 2005
Table 10. Chain-Type Quantity Indexes for Gross Output by Industry, 2001-2004
[20 0 0 = 100]
Line
1
All industries...........................................................................
? Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and h u n tin g ......................
4
Farms............................................................................
Forestry, fishing, and related activities..........................
5
6 M in in g ............................................................................................
7
Oil and gas extraction..
8
Mining, except oil and gas.............................................
9
Support activities for mining..........................................
10 Utilities...........................................................................................
11 C o n stru ctio n ...............................................................................
12 M an u facturing.............................................................................
13
14
Wood products..........................................................
1b
Nonmetallic mineral products....................................
Primary metals..........................................................
16
1/
Fabricated metal products.........................................
18
Machinery..................................................................
19
Computer and electronic products...........................
Electrical equipment, appliances, and components
20
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
23
Furniture and related products
24
Miscellaneous manufacturing....................................
Nondurable goods.........................................................
2b
28
Food and beverage and tobacco products...............
2/
Textile mills and textile product mills.........................
28
Apparel and leather and allied products...................
29
Paper products...................
Printing and related support activities......................
30
31
Petroleum and coal products.....................................
3?
Chemical products.....................................................
33
Plastics and rubber products.....................................
34 W holesale tra d e .........................................................................
35 Retail tra d e ...................................................................................
3H Transportation and w are h o u sin g........................................
37
Air transportation...........................................................
Rail transportation.........................................................
38
39
Water transportation......................................................
40
Truck transportation.......................................................
41
Transit and ground passenger transportation...............
42
Pipeline transportation...................................................
Other transportation and support activities..................
43
44
Warehousing and storage.............................................
45 In fo rm atio n ...................................................................................
46
Publishing industries (includes software).....................
47
Motion picture and sound recording industries.............
Broadcasting and telecommunications.........................
48
Information and data processing services....................
49
2001
2002
2003
99.947
100.966
103.224
2004
107.773
99.562
100.268
102.452
107.279
98.630
99.173
102.636
104.520
98.567
98.894
98.905
100.325
101.309
108.507
101.249
119.729
102.177
95.266
97.919
100.767
100.153
99.410
114.026
98.106
97.235
86.949
97.907
95.678
102.581
97.142
98.176
118.638
98.491
99.331
97.964
96.841
100.359
98.461
100.344
103.675
95.047
94.757
94.287
99.132
93.752
93.603
96.724
90.781
93.723
89.137
94.853
90.342
90.481
108.355
94.065
98.474
96.682
98.334
90.401
85.036
94.907
95.091
102.034
96.471
95.103
92.670
95.361
96.641
92.589
91.224
84.093
83.846
83.494
101.019
100.775
98.214
105.523
97.373
98.670
89.651
70.001
95.319
90.444
104.069
100.757
96.433
93.682
95.095
97.462
87.548
89.398
84.629
88.274
82.070
104.795
98.430
97.748
108.508
95.116
99.073
86.111
61.162
91.599
86.349
93.502
100.567
96.101
99.630
101.214
98.184
92.782
92.006
94.879
102.819
82.925
107.052
101.745
103.893
112.104
98.688
99.196
88.688
64.131
96.330
85.632
105.320
103.556
102.619
101.075
103.373
105.460
114.662
102.405
106.723
112.323
119.375
95.871
96.787
97.058
101.742
93.898
100.834
97.624
93.829
97.683
100.303
96.535
101.085
99.052
99.442
92.009
92.521
97.922
116.029
94.760
108.366
105.270
101.354
92.004
89.358
98.525
109.619
95.936
113.077
114.558
107.092
94.505
94.876
98.203
106.469
98.720
115.122
104.204
105.591
108.197
115.989
98.751
98.367
107.189
105.839
97.840
102.724
108.362
112.308
99.706
103.162
111.458
115.998
105.976
107.146
119.539
129.959
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing,
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
b2
53
54
55
56
57
58
2002
2003
Finance, insurance, real estate, rental, and leasing. ..
Finance and in su ran ce.......................................................
100.552
98.196
2001
100.138
95.218
103.610
99.314
107.890
103.333
2004
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
101.779
90.622
100.759
91.701
102.478
77.770
101.409
81.745
106.598
80.295
106.850
84.336
108.306
88.995
110.763
88.017
Real estate and rental and le a s in g ................................
102.468
104.102
107.079
111.568
Real estate................................................................
Rental and leasing services and lessors of intangible
assets...................................................................
102.842
105.122
107.776
112.664
99.740
96.500
101.933
103.424
b9
60
61
62
63
Professional and business s e rv ic e s .................................
Professional, scientific, and technical s e rv ic e s ......
101.287
104.367
101.750
104.726
105.374
108.583
110.825
115.150
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services................................................................
101.832
99.506
103.255
95.726
110.431
97.030
109.060
99.903
106.273
107.360
110.904
120.627
64
65
66
67
68
M anagem ent of com panies and e n terp rises .............
A dm inistrative and w aste m anagem ent services . ..
96.544
97.568
95.962
98.891
99.709
101.940
105.324
104.916
Administrative and support services.........................
Waste management and remediation services
97.542
97.788
99.152
96.712
102.333
98.681
105.557
99.699
Educational services, health care, and social
assistance................................................................................
Educational s e rv ic e s ..........................................................
Health care and social assistance.................................
104.299
102.208
104.604
109.701
104.639
110.445
113.697
104.935
114.995
117.168
105.017
118.981
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
104.995
103.305
108.982
111.314
108.820
113.995
117.785
111.118
120.216
123.481
113.261
125.011
Arts, entertainm ent, recreation, accom m odation, and
food s erv ices..........................................................................
99.263
101.398
104.594
109.275
A rts, entertainm ent, and recre atio n ..............................
101.087
104.260
106.634
108.515
Performing arts, spectator sports, museums, and
related activities....................................................
Amusements, gambling, and recreation industries...
102.809
99.683
106.774
102.207
108.130
105.423
106.917
109.889
Accom m odation and food s e rv ic e s ..............................
98.717
100.538
103.985
109.517
Accommodation........................................................
Food services and drinking places..........................
92.902
100.959
94.904
102.712
99.370
105.778
103.858
111.708
81 O ther services, except g o ve rn m en t..................................
82 G o ve rn m en t....................................................................................
83 F e d e ra l..........................................................................................
84
General government.....................................................
85
Government enterprises...............................................
86 State and local............................................................................
87
General government.....................................................
88
Government enterprises...............................................
99.890
103.216
102.514
100.327
106.840
107.761
101.638
109.703
114.505
103.354
112.029
119.693
69
70
71
7?
73
74
/b
/6
n
78
79
RO
103.843
94.482
110.520
91.188
118.304
91.668
123.967
93.950
103.534
106.418
107.500
108.512
103.451
104.149
106.556
105.380
107.522
107.342
108.766
106.581
96.352
101.176
95.573
102.617
95.819
105.758
100.158
110.829
97.633
92.244
95.319
105.291
Addenda:
89
90
91
Private goods-producing industries1.................................
Private services-producing industries2.............................
Information-communications-technology-producing
industries3......................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
51
Table 10.A. Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry, 2001-2004
Line
2001
1
All in d u s tries.........................................................................
2 Private in d u s tries..........................................................................
3 A griculture, forestry, fishing, and h u n tin g .....................
4
Farms............................................................................
Forestry, fishing, and related activities.........................
5
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
2/
28
29
30
31
32
33
34
3b
36
37
38
39
40
41
42
43
44
4b
46
4/
48
49
2002
2003
2004
-0 .1
1.0
2.2
4.4
-0 .4
0.7
2.2
4.7
- 1 .4
0.6
3.5
1.8
-1.4
-1.1
0.3
1.4
2.4
8.2
-0.1
10.3
M in in g ...........................................................................................
22
-6 8
28
29
Oil and gas extraction...................................................
Mining, except oil and gas............................................
Support activities for mining..........................................
0.2
-0.6
14.0
-2.0
-2.2
-23.7
-0.2
-1.6
18.0
-0.8
2.6
15.7
U tilitie s..........................................................................................
-1 .5
0.9
- 1 .4
-1 .1
C o n s tru c tio n ..............................................................................
0.4
-1 .9
1.9
3.3
M an u factu rin g ............................................................................
-5 .0
-0 .3
-0 .5
5.1
Durable goods...............................................................
Wood products..........................................................
Nonmetallic mineral products...................................
Primary metals..........................................................
Fabricated metal products.......................................
Machinery.................................................................
Computer and electronic products...........................
Electrical equipment, appliances, and components
Motor vehicles, bodies and trailers, and parts.........
Other transportation equipment...............................
Furniture and related products................................
Miscellaneous manufacturing...................................
Nondurable goods.........................................................
Food and beverage and tobacco products...............
Textile mills and textile product mills........................
Apparel and leather and allied products..................
Paper products..........................................................
Printing and related support activities......................
Petroleum and coal products....................................
Chemical products....................................................
Plastics and rubber products....................................
-6.2
-6.4
-3.3
-9.2
-6.3
-10.9
-5.1
-9.7
-9.5
8.4
-5.9
-1.5
-3.3
-1.7
-9.6
-15.0
-5.1
-4.9
2.0
-3.5
-4.9
-1.2
1.9
-0.1
2.0
-2.7
-5.7
-11.6
-7.6
11.6
-7.0
4.4
7.2
0.7
0.3
-0.8
-17.7
0.4
-4.9
2.0
4.4
1.4
1.1
-0.3
0.8
-5.4
-2.0
0.6
5.3
-1.7
3.7
-2.3
-0.5
2.8
-2.3
0.4
-3.9
-12.6
-3.9
-4.5
-10.2
-0.2
-0.3
6.3
6.4
0.7
6.0
2.9
12.1
16.5
1.0
2.2
3.4
6.3
3.3
3.8
0.1
3.0
4.9
5.2
-0.8
12.6
3.0
6.8
W holesale tra d e ........................................................................
1.1
2.3
2.0
8.7
Retail tra d e ..................................................................................
2.4
4.2
5.2
6.3
Transportation and w are h o u s in g .......................................
-4 .1
1.0
0.3
4.8
Air transportation..........................................................
Rail transportation........................................................
Water transportation.....................................................
Truck transportation......................................................
Transit and ground passenger transportation..............
Pipeline transportation..................................................
Other transportation and support activities..................
Warehousing and storage.............................................
-6.1
0.8
-2.4
-6.2
-2.3
0.3
-3.5
1.1
5.5
-1.4
-5.8
-1.4
0.2
15.7
-1.8
7.2
6.3
1.9
0.0
-3.4
0.6
-5.5
1.2
4.3
8.8
5.7
2.7
6.2
-0.3
-2.9
2.9
1.8
In fo rm atio n.................................................................................
4.2
1.3
2.5
7.2
Publishing industries (includes software).....................
Motion picture and sound recording industries............
Broadcasting and telecommunications........................
Information and data processing services...................
-1.2
-1.6
7.2
5.8
-0.9
4.4
1.1
6.1
1.9
0.4
2.9
3.3
6.3
3.9
7.3
12.0
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
52
2001
2002
2003
2004
0.6
- 0 .4
3.5
4.1
-1 .8
-3 .0
4.3
4.0
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
1.8
-9.4
0.8
-8.3
0.7
-14.2
0.6
-10.9
4.0
3.2
5.4
3.2
1.6
10.8
3.7
4.4
Real estate and rental and le a s in g ................................
2.5
1.6
2.9
4.2
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
2.8
2.2
2.5
4.5
-0.3
-3.2
5.6
1.5
59
60
61
62
63
Professional and business s e rv ic e s .................................
Professional, scientific, and technical serv ices.......
1.3
4.4
0.5
0.3
3.6
3.7
5.2
6.0
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services.................................................................
1.8
-0.5
1.4
-3.8
6.9
1.4
-1.2
3.0
6.3
1.0
3.3
8.8
64
65
66
67
6fi
Managem ent of com panies and e n te rp ris e s .............
A dm inistrative and w aste m anagem ent s e rv ic e s ....
-3 .5
-2 .4
-0 .6
1.4
3.9
3.1
5.6
2.9
3.2
2.0
3.2
1.0
53
54
55
b6
57
58
Finance, insurance, real estate, rental, and le a s in g ....
Finance and in su ran ce.......................................................
Administrative and support services.........................
Waste management and remediation services........
-2.5
-2.2
1.7
-1.1
Educational services, health care, and social
assistance...............................................................................
Educational s e rv ic e s ..........................................................
Health care and social assistance.................................
4.3
2.2
4.6
5.2
2.4
5.6
3.6
0.3
4.1
3.1
0.1
3.5
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
5.0
3.3
9.0
6.0
5.3
4.6
5.8
2.1
5.5
4.8
1.9
4.0
- 0 .7
1.1
2.2
3.1
3.2
2.3
4.5
1.8
2.8
3.9
77
-0.3
2.5
78
Accom m odation and food s e rv ic e s ..............................
-1 .3
1.8
Accommodation........................................................
-7.1
2.2
79
Food services and drinking places...........................
1.0
1.7
80
0.4
81 O ther services, except g o ve rn m en t..................................
-0 .1
a? G o ve rn m en t.....................................................................................
3.2
3.5
R3 F e d e ra l..........................................................................................
2.5
5.1
84
General government.....................................................
6.4
3.8
85
Government enterprises...............................................
-5.5
-3.5
86
3.5
2.8
87
General government.....................................................
3.5
3.0
4.1
1.2
88
Government enterprises...............................................
1.3
3.1
-1.1
4.2
69
70
71
7?
73
74
75
76
A rts, entertainm ent, recreation, accom m odation, and
Arts, entertainm ent, and recre atio n ..............................
Performing arts, spectator sports, museums, and
related activities....................................................
Amusements, gambling, and recreation industries...
3.4
5.3
4.7
3.0
4.5
5.6
1.3
2.7
6.3
1.7
2.1
4.5
7.0
0.5
4.8
2.5
1.0
0.9
0.9
1.9
1.2
-0.7
Addenda:
89
90
91
Private goods-producing industries1.................................
Private services-producing industries2..............................
Information-communications-technology-producing
industries3.....................................................................
-3.6
1.2
-0.8
1.4
0.3
3.1
4.5
4.8
-2.4
-5.5
3.3
10.5
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
52
Annual Industry Accounts
December 2005
Table 11. Chain-Type Price Indexes for Gross Output by Industry, 2001-2004
[2000= 100]
Line
1
All in d u s trie s .........................................................................
2 Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and h untin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
b M in in g ............................................................................................
/
Oil and gas extraction....................................................
8
Mining, except oil and gas.............................................
Support activities for mining..........................................
9
10 U tilitie s ..........................................................................................
11 C o n struction...............................................................................
12 M anu facturing.....
Durable goods..
13
Wood products..........................................................
14
Nonmetallic mineral products....................................
15
Primary metals..........................................................
16
Fabricated metal products.........................................
17
Machinery.................................................................
18
Computer
and electronic products...........................
19
20
Electrical equipment, appliances, and components
Motor vehicles, bodies and trailers, and parts..........
21
Other transportation equipment................................
22
Furniture and related products..................................
?3
24
Miscellaneous manufacturing....................................
Nondurable goods.........................................................
25
26
Food and beverage and tobacco products...............
71
Textile mills and textile product mills..........................
?H
Apparel and leather and allied products...................
29
Paper products..........................................................
30
Printing and related support activities......................
31
Petroleum and coal products.....................................
3?
Chemical products....................................................
33
Plastics and rubber products.....................................
34 W holesale tra d e .........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w arehousing........................................
37
Air transportation...........................................................
Rail transportation.........................................................
38
39
Water transportation......................................................
40
Truck transportation.......................................................
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
45 Inform ation...................................................................................
Publishing industries (includes software).....................
46
47
Motion picture and sound recording industries............
Broadcasting and telecommunications........................
48
Information and data processing services....................
49
2001
2002
2003
2004
101.245
102.321
105.110
108.907
101.034
101.846
104.419
108.138
103.141
99.042
106.663
120.025
105.039
95.535
100.341
93.820
109.480 125.163
95.570 100.494
101.760
97.329
95.949
103.486
123.647
82.639
106.809
146.834
122.756
118.196 141.796
110.132 118.066
159.160 169.055
140.785
109.153
103.369
112.665
119.119
104.074
106.919
110.937
117.617
98.914
98.028
100.302
104.944
97.529
98.701
100.552
96.622
100.483
100.875
88.166
99.960
99.495
102.359
101.356
101.446
100.662
104.289
99.727
100.151
99.679
101.794
92.526
100.666
100.876
96.617
98.062
101.424
96.573
100.823
101.305
83.803
99.081
98.300
103.482
102.368
102.594
99.807
104.095
98.505
99.503
97.783
101.753
88.631
100.627
100.651
96.420
101.216
101.990
98.594
101.417
102.026
79.447
98.714
98.113
106.126
103.315
103.928
105.147
108.206
98.716
100.035
98.346
102.281
108.085
105.426
102.802
99.338
112.598
105.422
117.743
108.344
104.269
76.263
102.361
99.167
109.912
105.051
105.505
111.991
113.456
100.311
100.203
100.792
103.042
131.704
111.483
105.471
97.125
97.500
98.474
102.891
98.609
100.117
101.326
102.019
100.521
100.384
103.673
106.159
92.597
101.990
102.137
102.828
102.420
103.341
102.088
102.689
86.615
104.116
105.792
104.238
104.071
102.841
102.903
104.124
90.048
106.206
115.646
107.106
108.680
107.442
105.503
105.491
87.728
110.424
117.798
111.276
113.189
112.824
109.855
105.853
100.107
99.911
101.494
103.558
98.831
101.666
101.760
106.041
97.904
102.755
100.151
99.502
100.613 99.320
111.096 114.164
98.014 97.269
103.299 101.896
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
2001
2002
2003
2004
101.621
104.044
106.189
109.288
Finance and in su ran ce.......................................................
99.827
102.005
103.838
107.413
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles...............
102.266
92.087
102.379
101.099
106.173
89.281
105.721
103.156
107.161
90.287
109.786
100.941
110.800
91.528
114.776
104.488
Real estate and rental and leas in g ................................
103.072
105.687
108.072
110.809
Real estate................................................................
Rental and leasing services and lessors of intangible
assets...................................................................
103.471
106.440
108.707
111.409
100.155
100.076
103.381
106.387
59
fiO
61
62
63
Professional and business s e rv ic e s .................................
102.191
103.861
105.028
107.666
Professional, scientific, and technical s e rv ic e s ......
102.207
104.138
105.239
106.387
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services................................................................
104.707
100.912
108.180
99.690
111.660
98.164
117.071
96.512
101.874
104.140
105.209
105.887
64
65
fifi
67
b8
M anagem ent of com panies and en terp rises.............
100.067
100.762
101.824
108.143
A dm inistrative and w aste m anagem ent services . ..
103.489
105.159
106.544
110.387
Administrative and support services.........................
Waste management and remediation services .....
103.518
103.247
105.063
105.969
106.087
110.477
109.564
117.522
Educational services, health care, and social
assistance................................................................................
103.827
106.518
109.703
113.318
Educational s e rv ic e s..........................................................
Health care and social assistance.................................
104.845
103.681
109.263
106.131
113.724
109.143
118.845
112.561
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
103.084
104.494
102.817
104.479
108.350
103.984
106.561
112.681
105.608
109.256
117.370
106.972
Arts, entertainm ent, recreation, accom m odation, and
food s erv ices..........................................................................
Arts, entertainm ent, and recre atio n ..............................
103.106
103.660
105.370
106.431
107.661
109.358
111.293
112.641
104.088
103.307
107.124
105.855
110.752
108.192
114.669
110.960
102.938
105.047
107.142
110.879
102.247
103.195
102.585
105.937
104.439
108.118
109.315
111.443
104.232
103.024
102.775
107.109
106.249
107.168
109.902
110.780
111.752
113.343
115.212
116.369
50
51
52
63
54
55
b6
57
58
69
/O
/1
12
/3
/4
/b
/6
Finance, insurance, real estate, rental, and leasing. ..
Performing arts, spectator sports, museums, and
related activities....................................................
77
Amusements, gambling, and recreation industries...
Accom m odation and food s e rv ic e s ..............................
78
79
Accommodation........................................................
80
Food services and drinking places...........................
81 Other services, except governm ent
82 G o ve rn m en t.............................................................................
83 F e d e ra l.............
84
General government.....................................................
85
Government enterprises...............................................
86 State and lo ca l............................................................................
87
General government.....................................................
88
Government enterprises...............................................
102.321
105.700
106.774
109.654
111.520
112.971
116.628
113.627
103.136
105.831
110.338
114.682
103.026
103.964
105.942
104.993
110.575
108.545
114.860
113.338
Addenda:
89
90
91
Private goods-producing industries1.................................
Private services-producing industries2.............................
Information-communications-technology-producing
industries3.....................................................................
100.057
99.482
103.224
109.163
101.517
102.991
105.020
107.724
94.826
92.730
90.222
87.958
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
53
Table 11.A. Percent Changes in Chain-Type Price Indexes for Gross Output by Industry, 2001-2004
Line
1
All in d u s trie s .........................................................................
2 Private in d u s tries..........................................................................
3 A griculture, forestry, fishing, and h u n tin g .....................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M in in g ...........................................................................................
7
Oil and gas extraction...................................................
8
Mining, except oil and gas............................................
9
Support activities for mining..........................................
10 U tilitie s..........................................................................................
11 C onstruction...............................................................................
12 M an u factu rin g ...........................................................................
13
Durable goods...............................................................
14
Wood products..........................................................
Nonmetallic mineral products....................................
15
Primary metals..........................................................
16
17
Fabricated metal products........................................
Machinery.................................................................
18
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts.........
22
Other transportation equipment...............................
23
Furniture and related products.................................
24
Miscellaneous manufacturing...................................
2b
Nondurable goods.........................................................
Food and beverage and tobacco products...............
26
2/
Textile mills and textile product mills........................
28
Apparel and leather and allied products..................
29
Paper products..........................................................
30
Printing and related support activities......................
31
Petroleum and coal products....................................
Chemical products....................................................
32
33
Plastics and rubber products....................................
34 W holesale tr a d e ........................................................................
35 Retail tr a d e .................................................................................
36 Transportation and w a re h o u s in g .......................................
37
Air transportation..........................................................
38
Rail transportation
39
Water transportation.....................................................
40
Truck transportation......................................................
41
Transit and ground passenger transportation..............
Pipeline transportation..................................................
42
Other transportation and support activities..................
43
44
Warehousing and storage.............................................
45 In fo rm atio n .................................................................................
46
Publishing industries (includes software).....................
4/
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services...................
2001
2002
2003
2004
1.2
1.1
2.7
3.6
1.0
0.8
2.5
3.6
3.1
-4 .0
7.7
12.5
5.0
-4.5
-4.5
-1.8
9.1
1.9
14.3
5.2
1.8
-4 .4
26.1
14.7
-4.1
3.5
23.6
-13.9
3.2
18.8
43.0
3.1
8.4
20.0
7.2
6.2
9.2
-5 .3
9.0
5.7
4.1
2.7
3.8
6.0
-1 .1
-0 .9
2.3
4.6
-2.5
-1.3
0.6
-3.4
0.5
0.9
-11.8
0.0
-0.5
2.4
1.4
1.4
0.7
4.3
-0.3
0.2
-0.3
1.8
-7.5
0.7
0.9
-0.9
-0.6
0.9
-0.1
0.3
0.4
-4.9
-0.9
-1.2
1.1
1.0
1.1
-0.8
-0.2
-1.2
-0.6
-1.9
0.0
-4.2
0.0
-0.2
-0.2
3.2
0.6
2.1
0.6
0.7
-5.2
-0.4
-0.2
2.6
0.9
1.3
5.4
3.9
0.2
0.5
0.6
0.5
21.9
4.8
2.1
3.0
11.2
3.4
19.4
6.8
2.2
-4.0
3.7
1.1
3.6
1.7
1.5
6.5
4.9
1.6
0.2
2.5
0.7
21.9
5.7
2.6
-2 .9
0.4
1.0
4.5
-1 .4
1.5
1.2
0.7
0.5
-0.1
3.3
2.4
-7.4
2.0
2.1
2.8
2.4
3.3
2.1
2.7
-6.5
2.1
3.6
1.4
1.6
-0.5
0.8
1.4
4.0
2.0
9.3
2.8
4.4
4.5
2.5
1.3
-2.6
4.0
1.9
3.9
4.1
5.0
4.1
0.3
0.1
-0 .2
0.2
-0 .6
1.5
3.6
-1.2
1.7
0.3
2.4
-0.9
1.1
-1.1
4.8
0.1
0.5
-1.3
2.8
-0.8
-1.4
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
52
2001
2002
2003
2004
Finance, insurance, real estate, rental, and le a s in g ....
Finance and in s u ra n c e ......................................................
1.6
-0 .2
2.4
2.2
2.1
1.8
2.9
3.4
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments....
Insurance carriers and related activities...................
Funds, trusts, and other financial vehicles...............
2.3
-7.9
2.4
1.1
3.8
-3.0
3.3
2.0
0.9
1.1
3.8
-2.1
3.4
1.4
4.5
3.5
Real estate and rental and le a s in g ................................
3.1
2.5
2.3
2.5
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
3.5
2.9
2.1
2.5
0.2
-0.1
3.3
2.9
59
60
61
62
63
Professional and business serv ices..................................
Professional, scientific, and technical se rv ic e s.......
2.2
2.2
1.6
1.9
1.1
1.1
2.5
1.1
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services.................................................................
4.7
0.9
3.3
-1.2
3.2
-1.5
4.8
-1.7
1.9
2.2
1.0
0.6
64
65
66
6/
68
M anagem ent of com panies and e n te rp ris e s .............
Adm inistrative and w aste m anagem ent s e rv ic e s ....
0.1
3.5
0.7
1.6
1.1
1.3
6.2
3.6
Administrative and support services........................
Waste management and remediation services........
3.5
3.2
1.5
2.6
1.0
4.3
3.3
6.4
Educational services, health care, and social
a s sistan ce...............................................................................
Educational services..............
Health care and social a s sistan ce .................................
3.8
4.8
3.7
2.6
4.2
2.4
3.0
4.1
2.8
3.3
4.5
3.1
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance.......................................................
3.1
4.5
2.8
1.4
3.7
1.1
2.0
4.0
1.6
2.5
4.2
1.3
Arts, entertainm ent, recreation, accom m odation, and
food s e rv ic e s .........................................................................
A rts, entertainm ent, and re c re a tio n .............................
3.1
3.7
2.2
2.7
2.2
2.8
3.4
3.0
Performing arts, spectator sports, museums, and
related activities....................................................
Amusements, gambling, and recreation industries....
4.1
3.3
2.9
2.5
3.4
2.2
3.5
2.6
2.9
2.0
2.0
3.5
2.2
3.2
0.3
2.7
1.8
2.1
4.7
3.1
4.2
3.0
2.8
2.8
3.1
4.3
2.6
4.3
4.3
3.1
4.0
4.1
2.3
5.7
4.4
3.7
4.4
3.0
4.6
0.6
3.1
2.6
4.3
3.9
3.0
4.0
2.8
1.0
4.4
3.4
3.9
4.4
0.1
1.5
-0.6
1.5
3.8
2.0
5.8
2.6
-5.2
-2.2
-2.7
-2.5
b3
54
55
56
57
58
69
70
71
7?
73
74
75
76
77
78
Accom m odation and food services...............................
79
Accommodation.........................................................
80
Food services and drinking places...........................
81 O ther services, except governm ent...................................
82 G overnm ent.....................................................................................
83 F ederal...................
84
General government......................................................
8b
Government enterprises................................................
86 S tate and lo c a l............................................................................
87
General government......................................................
88
Government enterprises................................................
Addenda:
89
90
91
Private goods-producing industries1.................................
Private services-producing industries2.............................
Information-communications-technology-producing
industries3.....................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
54
Annual Industry Accounts
December 2005
Table 12. Chain-Type Quantity Indexes for Intermediate Inputs by Industry, 2001-2004
[2000= 100]
Line
1
All in d u s trie s .........................................................................
2 Private in d u s trie s ...........................................................................
3 Agriculture, forestry, fishing, and h u ntin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M in in g ............................................................................................
7
Oil and gas extraction....................................................
fi
Mining, except oil and gas.............................................
9
Support activities for mining..........................................
10 U tilitie s ..........................................................................................
11 C o n stru ctio n ...............................................................................
12 M anu facturing.............................................................................
Durable goods..
13
14
Wood products..........................................................
Nonmetallic mineral products....................................
15
Primary metals..........................................................
16
17
Fabricated metal products...
Machinery..........................
18
Computer and electronic products...........................
19
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
Furniture and related products..................................
24
Miscellaneous manufacturing....................................
Nondurable goods.........................................................
25
26
Food and beverage and tobacco products...............
27
Textile mills and textile product mills..........................
28
Apparel and leather and allied products...................
29
Paper products..........................................................
30
Printing and related support activities......................
Petroleum and coal products.....................................
31
32
Chemical products....................................................
Plastics and rubber products.....................................
33
34 W holesale tra d e .........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w arehousing........................................
Air transportation...........................................................
3/
Rail transportation.........................................................
38
39
Water transportation......................................................
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
Pipeline transportation..................................................
42
Other transportation and support activities..................
43
44
Warehousing and storage.............................................
45 Inform ation...................................................................................
46
Publishing industries (includes software).....................
41
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services....................
2001
2002
2003
2004
2001
2002
2003
2004
98.823
99.293
101.102
105.853
50
Finance, insurance, real estate, rental, and leasing. ..
94.824
92.019
95.254
99.806
98.030
97.883
99.328
104.079
Finance and in su ran ce.......................................................
90.945
81.680
83.098
90.580
101.826
99.438
100.320
102.240
51
52
102.427
98.468
99.382
99.837
98.475 98.439
111.108 124.502
111.997
103.875
112.202
105.996
104.792
140.382
94.795
107.828
128.277
101.721 101.314
103.292 104.985
156.839 180.685
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments ...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
91.594
70.303
106.697
94.766
75.849
54.913
110.357
82.656
72.119
56.723
117.911
81.228
78.269
63.577
128.781
84.522
Real estate and rental and le a s in g ................................
99.843
105.280
110.840
111.646
99.558
107.343
111.068
111.467
103.641
99.198
83.909
79.770
Real estate................................................................
Rental and leasing services and lessors of intangible
assets...................................................................
101.080
96.796
109.967
112.470
100.567
98.743
104.316
108.734
59
60
61
62
63
Professional and business s e rv ic e s .................................
104.638
106.173
110.532
113.987
111.595
115.570
122.466
127.838
Legal services...........................................................
Computer systems design and related services
Miscellaneous professional, scientific, and technical
services................................................................
103.929
99.222
121.758
80.173
142.790
81.404
139.117
70.355
115.000
120.554
126.002
135.682
64
65
66
67
68
M anagem ent of com panies and en te rp ris e s.............
94.113
88.214
92.255
96.783
Adm inistrative and w aste m anagem ent services. ..
98.150
99.700
99.527
98.792
Administrative and support services........................
Waste management and remediation services........
97.967
99.346
100.278
95.993
99.877
97.250
98.802
98.590
Educational services, health care, and social
assistance................................................................................
106.088
113.254
118.948
122.360
Educational s e rv ic e s ..........................................................
105.375
107.560
106.580
105.531
Health care and social assistance.................................
106.206
114.200
121.002
125.152
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
103.261
106.892
114,490
110.836
116.594
114.962
121.072
120.831
121.563
126.697
124.238
123.696
Arts, entertainm ent, recreation, accom m odation, and
food serv ices..........................................................................
99.229
101.868
105.344
111.917
Arts, entertainm ent, and recre atio n ..............................
97.928
100.372
105.236
106.677
Performing arts, spectator sports, museums, and
related activities....................................................
Amusements, gambling, and recreation industries...
104.780
92.443
105.824
96.017
106.349
104.397
107.163
106.346
116.385
95.379
93.554
91.911
96.797
93.572
91.218
94.879
91.316
97.047
87.374
92.854
86.310
91.139
113.496
98.252
100.851
97.487
97.376
94.642
81.600
98.655
97.588
103.819
95.927
97.052
90.951
94.830
94.015
93.052
96.020
83.278
76.197
74.018
98.831
101.414
105.572
113.044
96.593
98.471
93.847
61.340
97.336
91.928
101.524
96.306
97.832
90.265
92.667
93.477
87.195
90.377
84.789
76.136
70.082
99.670
104.806
105.538
113.358
93.855
99.150
85.674
52.992
93.540
85.857
92.883
95.141
96.177
96.009
100.391
90.361
91.334
92.935
96.581
86.879
72.346
103.559
110.528
111.442
109.056
97.814
98.705
89.150
55.338
96.596
80.900
107.248
99.508
100.588
88.296
93.127
94.546
112.086
93.856
101.853
110.571
117.316
94.268
93.857
90.630
95.800
87.674
106.609
100.064
93.128
94.291
102.679
91.409
112.250
89.122
105.049
98.750
91.113
93.505
118.972
81.579
127.161
89.574
108.283
97.384
84.285
97.664
106.430
80.975
130.970
95.225
117.268
104.666
91.895
96.350
100.204
78.504
148.607
104.360
104.982
107.389
109.873
98.427
98.642
107.771
105.305
96.868
97.167
109.105
109.489
97.802 100.458
95.789 95.468
113.373 114.521
108.392 121.271
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
53
54
55
56
57
58
69
70
71
/2
n
74
75
76
Professional, scientific, and technical services
77
78
Accom m odation and food s e rv ic e s ..............................
79
Accommodation........................................................
80
Food services and drinking places..........................
81 Other services, except g o ve rn m en t..................................
82 G o ve rn m en t....................................................................................
83 F e d e ra l.............
84
General government.....................................................
85
Government enterprises...............................................
86 State and local............................................................................
87
General government.....................................................
88
Government enterprises...............................................
99.558
102.246
105.367
113.242
90.488
101.857
93.553
104.448
99.541
106.842
109.755
114.131
101.735
107.451
110.026
102.294
114.578
121.331
103.856
120.299
137.344
106.209
125.050
149.501
109.260
118.083
123.808
95.856
140.399
105.908
154.347
99.696
106.319
111.599
112.780
114.308
105.474
100.000
110.802
110.333
111.779
114.505
113.824
114.183
96.801
98.998
94.777
100.310
94.454
103.132
99.121
107.948
95.858
84.548
84.751
91.720
Addenda:
89
90
91
Private goods-producing industries'.................................
Private services-producing industries2.............................
Information-communications-technology-producing
industries3......................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
55
Table 12.A. Percent Changes in Chain-Type Quantity Indexes for Intermediate Inputs by Industry, 2001-2004
Line
1
All in d u s trie s .........................................................................
2 Private in d u s trie s ..........................................................................
3 Agriculture, forestry, fishing, and huntin g.......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M inin g............................................................................................
/
Oil and gas extraction...................................................
Mining, except oil and gas.............................................
8
Support activities for mining..........................................
9
10 U tilitie s ..........................................................................................
11 C onstruction...............................................................................
12 M a n u fa c tu rin g ............................................................................
13
Durable goods...............................................................
14
Wood products..........................................................
Nonmetallic mineral products....................................
15
Primary metals..........................................................
16
17
Fabricated metal products.........................................
Machinery.................................................................
18
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment................................
Furniture and related products..................................
23
24
Miscellaneous manufacturing...................................
Nondurable goods.........................................................
25
Food and beverage and tobacco products...............
26
2/
Textile mills and textile product mills........................
28
Apparel and leather and allied products..................
29
Paper products..........................................................
Printing and related support activities......................
30
Petroleum and coal products....................................
31
32
Chemical products....................................................
Plastics and rubber products....................................
33
34 W holesale tra d e .........................................................................
35 Retail trad e...................................................................................
36 Transportation and w a re h o u s in g .......................................
37
Air transportation...........................................................
Rail transportation.........................................................
38
Water transportation......................................................
39
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
Warehousing and storage.............................................
44
45 In fo rm a tio n .................................................................................
Publishing industries (includes software).....................
46
4/
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services...................
2001
2002
2003
2004
- 1 .2
-2 .0
0.5
1.8
4.7
-0 .1
1.5
4.8
1.8
-2 .3
0.9
1.9
2.4
-1.5
-3.0
1.4
-0.9
11.3
0.0
12.1
12.0
- 7 .3
8.0
3.7
6.0
4.8
40.4
-10.6
2.9
-8.6
7.3
-4.2
22.3
-0.4
1.6
15.2
3.6
-4 .3
-1 5 .4
-4 .9
0.6
-1 .8
5.6
4.2
-4 .6
- 1 .9
-1 .8
5.3
-6.4
-8 8
-5.1
-8.7
-3.0
-12.6
-7.1
-13.7
-8.9
13.5
-1.7
0.9
-2.5
-2.6
-5.4
-18.4
-1.3
-2.4
3.8
-4.1
-2.9
-2.8
40
-0.9
1.9
-1.1
-4.7
-17.9
-14.2
8.4
-10.6
7.5
12.1
-0.9
1.1
-0.8
-24.8
-1.3
-5.8
-2.2
0.4
0.8
-0.8
-2 3
-0.6
-6.3
-5.9
1.8
-0.1
-5.3
0.8
3.3
0.0
0.3
-2.8
0.7
-8.7
-13.6
-3.9
-6.6
-8.5
-1.2
-1.7
6.4
83
-3.3
4.7
2.8
13.9
14.1
3.2
3.9
5.5
5.6
-3.8
4.2
-0.4
4.1
4.4
3.3
-5.8
15.5
4.6
4.6
-1 1 .7
5.5
1.5
18.6
-6 .1
8.5
8.6
6.1
-5 .7
-0 .4
-3 .4
5.7
-12.3
6.6
0.1
-6.9
-5.7
2.7
-8.6
12.3
1.7
-1.5
-1.3
-2.2
-0.8
15.9
-10.8
13.3
0.5
3.1
-1.4
-7.5
4.4
-10.5
-0.7
3.0
6.3
8.3
7.5
9.0
-1.3
-5.8
-3.1
13.5
4.4
0.6
2.3
2.3
-1.6
-1.4
7.8
5.3
-1.6
-1.5
1.2
4.0
1.0
-1.4
3.9
-1.0
2.7
-0.3
1.0
11.9
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
52
53
54
55
56
57
58
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leasing . ..
Finance and in su ran ce.......................................................
-5 .2
-9.1
-3 .0
-1 0 .2
3.5
1.7
4.8
9.0
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
-8.4
-29.7
6.7
-5.2
-17.2
-21.9
3.4
-12.8
-4.9
3.3
6.8
-1.7
8.5
12.1
9.2
4.1
Real estate and rental and le a s in g ................................
-0 .2
5.4
5.3
0.7
-0.4
7.8
3.5
0.4
Rental and leasing services and lessors of intangible
assets....................................................................
1.1
-4.2
13.6
2.3
59
60
61
62
63
Professional and business s e rv ic e s .................................
Professional, scientific, and technical serv ices.......
4.6
11.6
1.5
3.6
4.1
6.0
3.1
4.4
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services.................................................................
3.9
-0.8
17.2
-19.2
17.3
1.5
-2.6
-13.6
15.0
4.8
4.5
7.7
64
bb
66
6/
68
Managem ent of com panies and en terp rises.............
-5 .9
-6 .3
4.6
4.9
A dm inistrative and w aste m anagem ent s e rv ic e s ....
-1 .9
1.6
-0 .2
-0 .7
Administrative and support services........................
Waste management and remediation services........
-2.0
-0.7
2.4
-3.4
-0.4
1.3
-1.1
1.4
6.1
5.4
6.8
5.0
2.9
Educational s e rv ic e s ..........................................................
2.1
-0 .9
-1 .0
Health care and social assistan ce.................................
6.2
7.5
6.0
3.4
Ambulatory health care services...............................
Hospitals and nursing and residential care facilities
3.3
6.9
14.5
7.3
9.1
0.4
9.2
3.6
5.7
4.6
2.8
1.8
-0 .8
-2.1
2.7
2.5
3.4
4.8
6.2
1.4
0.8
1.9
69
70
71
7?
73
74
75
76
Educational services, health care, and social
assistance...............................................................................
Arts, entertainm ent, recreation, accom m odation, and
food se rv ic e s .........................................................................
Arts, entertainm ent, and recre atio n ..............................
Performing arts, spectator sports, museums, and
related activities....................................................
77
Amusements, gambling, and recreation industries...
78
Accom m odation and food s e rv ic e s ..............................
79
Accommodation........................................................
80
Food services and drinking places...........................
81 O ther services, except g o ve rn m en t..................................
82 G o ve rn m en t....................................................................................
83 F e d e ra l..........................................................................................
84
General government.
85
Government enterprises...............................................
86 State and loca l..............
87
General government.
Government enterprises...............................................
88
4.8
-7.6
1.0
3.9
0.5
8.7
-0 .4
2.7
3.1
7.5
-9.5
1.9
3.4
2.5
6.4
2.3
10.3
6.8
1.7
7.5
10.0
0.5
6.6
10.3
1.5
5.0
2.3
3.9
13.2
8.9
9.3
18.1
13.3
-18.8
13.4
10.5
9.9
-5.9
6.3
5.0
1.1
1.4
5.5
10.3
5.1
4.6
0.9
1.9
1.8
-0.8
-3.2
-1.0
-2.1
1.3
-0.3
2.8
4.9
4.7
-4.1
-11.8
0.2
8.2
Addenda:
89
90
91
Private goods-producing industries1.................................
Private services-producing industries2..............................
Information-communications-technology-producing
industries3.....................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
56
Annual Industry Accounts
December 2005
Table 13. Chain-Type Price Indexes for Intermediate Inputs by Industry, 2001-2004
[2 0 0 0 = 100]
Line
1
All in d u s trie s .........................................................................
2 Private in d u s trie s..........................................................................
3 A griculture, forestry, fishing, and huntin g ......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M in in g ............................................................................................
7
Oil and gas extraction....................................................
Mining, except oil and gas.............................................
8
Support activities for mining..........................................
9
10 U tilitie s ..........................................................................................
11 C on stru ctio n ...............................................................................
12 M anu facturing.....
13
Durable goods..
14
Wood products
15
Nonmetallic mineral products....................................
Primary metals..........................................................
16
17
Fabricated metal products.........................................
18
Machinery.................................................................
Computer and electronic products...........................
19
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
Other transportation equipment................................
22
Furniture and related products..................................
23
24
Miscellaneous manufacturing....................................
25
Nondurable goods.........................................................
26
Food and beverage and tobacco proaucts...............
27
Textile mills and textile product mills..........................
28
Apparel and leather and allied products...................
29
Paper products..........................................................
30
Printing and related support activities......................
31
Petroleum and coal products.....................................
32
Chemical products....................................................
33
Plastics and rubber products.....................................
34 W holesale tra d e.........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w arehousing........................................
37
Air transportation...........................................................
38
Rail transportation.........................................................
Water transportation......................................................
39
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
45 Inform ation...................................................................................
Publishing industries (includes software).....................
46
47
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services....................
2001
2002
2003
100 051
100 102
103 534
108.492
Finance, insurance, real estate, rental, and leasing. ..
99 895
99 878
103 227
108.236
101 047
99 314
104 717
111 025
101 760
97 080
99 986
95 574
105 962 112 131
98 018 104 898
110 452
Finance and in su ran ce.......................................................
Federal Reserve banks, credit intermediation, and
related activities.............................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities.....................
Funds, trusts, and other financial vehicles..................
99 845
95 341
99 517
101 352
99 143
90 945
101 715
99 980
104 629
93 464
118 990
100 531
101 051
98 551
98 614
97 311
101 725
97 286
98 895
99 668
96 299
98 899
99 604
99 909
99 471
99 422
98 480
103 178
97 326
100 036
99 354
100 265
86 879
99 488
99 433
2004
122 117
114 775 129 611
106 704 113 806
104 332 113 063
2002
2003
2004
99.788
100.815
102.976
106.171
98.165
99.373
101.547
104.573
99.407
93.880
102.307
92.453
101.967
95.538
108.044
93.507
104.653
96.988
112.331
95.493
104.844
108.226
102.241
100.284
92.901
105.749
91.061
102.686
103.034
105.296
108.859
101.851
128 331
Real estate and rental and leas in g ................................
Real estate...........................................................................
Rental and leasing services and lessors of intangible
asse ts..............................................................................
100.215
101.225
102.937
105.582
103 176
108 265
Professional and business s e rv ic e s .................................
101.044
101.865
103.714
105.906
98 192
102 077
109 892
101.803
103.278
105.075
99 773
99 178
104 865
102 144
101 273
101 341
93 989
100 351
100 715
102 075
101 147
101 129
104 632
106 952
98 721
101 298
99 949
100 160
105 103
105 721
103 000
105 385
108 146
109 264
121 405
111 708
107 184
94 952
107 134
103 976
106 267
107 376
106 295
114 938
115 605
100 336
103 981
105 393
103 107
130 075
114 324
109 331
Professional, scientific, and technical s e rv ic e s ......
Legal services.....................................................................
Computer systems design and related services.......
Miscellaneous professional, scientific, and technical
services...........................................................................
100.876
98 439
96 889
101 916
97 250
99 095
99 916
94 812
98 579
100 012
100 222
99 422
99 063
97 917
100 803
96 694
99 886
97 204
98 991
89 871
99 680
98 486
101.707
99.482
103.175
99.543
105.036
99.956
107.188
101.200
100.994
101.951
103.480
105.271
M anagem ent of com panies and en te rp ris e s .............
A dm inistrative and w aste m anagem ent services. ..
Administrative and support services.............................
Waste management and remediation services..........
102.198
103.323
105.112
107.171
100.617
101.041
103.747
106.940
100.425
101.869
100.735
103.048
102.880
109.567
105.747
114.928
Educational services, health care, and social
assistance................................................................................
101.061
101.782
104.001
106.958
Educational s e rv ic e s ..........................................................
101.413
102.240
104.178
106.825
Health care and social assistance.................................
101.004
101.707
103.968
106.969
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
101.328
100.727
101.201
102.391
101.194
101.789
104.478
103.509
104.456
107.592
106.291
108.176
Arts, entertainm ent, recreation, accom m odation, and
food s erv ices..........................................................................
102.051
102.369
105.412
109.117
Arts, entertainm ent, and recre atio n ............................
102.210
103.749
106.112
109.482
100 402
100 815
102 747
106 330
104.564
103.041
107.004
105.337
110.173
108.869
100 671
101 585
103 697
107 805
102.027
105.240
109.027
99 946
99 310
104 178
110 188
99 505
100 275
98 649
100 248
99 973
100 251
100 327
102 183
98 272
99 900
98 905
100 255
99 569
95 100
100 418
102 402
104 666
101 555
102 376
103 754
103 209
109 621
104 253
106 258
113 011
107 002
106 451
108 844
108 236
118 596
109 442
111 129
Accommodation.......................................................
Food services and drinking places.........................
102.582
101.896
102.012
101.777
102.072
102.188
101.998
104.575
105.403
107.653
109.361
O ther services, except g o ve rn m en t.................................
G o ve rn m en t...................................................................................
F e d e ra l..............
100.905
101.715
101.446
101.948
102.433
102.939
103.492
106.646
105.979
105.875
111.143
109.356
100 177
100 589
101 800
103 258
100 474
102 273
99 673
100 412
100 501
104 105
100 107
100 401
101 170
107 506
101 326
101 019
102 836
110 384
102 605
101 958
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
2001
Performing arts, spectator sports, museums, and
related activities...................................................
Amusements, gambling, and recreation industries.
Accom m odation and food s e rv ic e s ............................
General government....................................................
Government enterprises..............................................
101.694
98.779
103.347
98.580
106.277
103.081
109.628
106.891
State and local...........................................................................
101.832
102.187
106.996
112.119
General government....................................................
Government enterprises..............................................
101.786
102.048
102.446
101.013
107.040
106.795
112.137
112.041
98.959
100.629
98.518
100.934
102.597
103.747
110.087
106.953
97.958
97.147
96.996
98.160
Addenda;
Private goods-producing industries1................................
Private services-producing industries2............................
Information-communications-technology-producing
industries3....................................................................
tance; arts, entertainment, recreation, accommodation, and food sen/ices; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
57
Table 13.A. Percent Changes in Chain-Type Price Indexes for Intermediate Inputs by Industry, 2001-2004
Line
1
All in d u s trie s .........................................................................
2 Private in d u s trie s ..........................................................................
3 A griculture, forestry, fishing, and h u ntin g......................
4
Farms............................................................................
5
Forestry, fishing, and related activities.........................
6 M in in g ............................................................................................
7
Oil and gas extraction.........
8
Mining, except oil and gas..,
9
Support activities for mining
10 U tilitie s ........................................
11 C o n struction...............................................................................
12 M a n u fa c tu rin g ............................................................................
13
Durable goods...............................................................
14
Wood products...............
15
Nonmetallic mineral products...................................
16
Primary metals...............
17
Fabricated metal products.........................................
18
Machinery......................
19
Computer and electronic products...........................
20
Electrical equipment, appliances, and components
21
Motor vehicles, bodies and trailers, and parts..........
22
Other transportation equipment...............................
23
Furniture and related products.................................
24
Miscellaneous manufacturing....................................
2b
Nondurable goods.........................................................
26
Food and beverage and tobacco products...............
2/
Textile mills and textile product mills.........................
23
Apparel and leather and allied products..................
2y
Paper products..........................................................
3U
Printing and related support activities......................
31
Petroleum and coal products.....................................
32
Chemical products....................................................
33
Plastics and rubber products...................................
34 W holesale trad e.........................................................................
35 Retail tra d e ...................................................................................
36 Transportation and w a re h o u s in g .......................................
37
Air transportation...........................................................
38
Rail transportation.........................................................
39
Water transportation......................................................
Truck transportation.......................................................
40
41
Transit and ground passenger transportation...............
42
Pipeline transportation..................................................
43
Other transportation and support activities..................
44
Warehousing and storage.............................................
45 In fo rm a tio n .................................................................................
46
Publishing industries (includes software).....................
4/
Motion picture and sound recording industries............
48
Broadcasting and telecommunications........................
49
Information and data processing services...................
2001
0.1
2002
0.1
2003
2004
3.4
4.8
-0 .1
0.0
3.4
4.9
1.0
- 1 .7
5.4
6.0
1.8
-2.9
-1.7
-1.6
6.0
2.6
5.8
7.0
0.2
-4 5
15 8
10 6
-0.5
1.4
-0.9
-8.6
0.4
0.8
26.2
4.9
4.4
12.9
6.7
8.4
4.6
-1 0 .7
27.3
7.9
0.5
0.5
2.1
4.9
-1 .4
-0 .4
4.0
7.7
-1.4
-2.7
1.7
-2.7
-1.1
-0.3
-3.7
-1.1
-0.4
-0.1
-0.5
-0.6
-1.5
3.2
-2.7
0.0
-0.6
0.3
-13.1
-0.5
-0.6
-0.2
-0.4
0.2
0.0
0.2
0.2
-1.5
-0.3
0.4
0.3
0.0
-0.4
-0.6
-2.3
-0.6
-0.1
-2.2
-1.3
3.4
0.2
-1.0
1.4
2.4
2.9
5.0
2.2
1.4
-0.9
1.8
0.7
1.8
1.7
2.1
6.9
6.1
2.1
1.4
2.8
1.2
16.9
6.1
4.6
5.6
9.0
4.2
18.9
10.3
5.8
1.0
6.8
3.2
4.1
6.2
5.1
9.8
8.1
1.6
2.6
5.4
2.9
23.8
8.1
6.1
0.4
0.7
-0.1
0.4
0.9
-0 .6
1.9
2.1
4.9
3.5
4.0
5.8
-0.5
0.3
-1.4
0.2
0.0
0.3
0.3
2.2
-1.2
-0.4
0.3
0.0
-0.4
-5.1
0.1
0.2
6.5
1.7
3.5
3.5
3.7
15.3
3.8
3.8
8.0
5.4
4.0
4.9
4.9
8.2
5.0
4.6
0.2
0.4
1.2
1.4
0.5
2.3
-0.3
0.4
0.0
1.8
0.4
0.0
0.7
3.3
1.2
0.6
1.6
2.7
1.3
0.9
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
50
51
52
53
54
55
bb
57
58
2001
2002
2003
2004
Finance, insurance, real estate, rental, and leasing . ..
Finance and in su ran ce.......................................................
- 0 .2
-1 .8
1.0
1.2
2.1
2.2
3.1
3.0
Federal Reserve banks, credit intermediation, and
related activities....................................................
Securities, commodity contracts, and investments...
Insurance carriers and related activities..................
Funds, trusts, and other financial vehicles...............
-0.6
-6.1
2.3
-7.5
0.9
-1.0
3.4
-1.5
1.7
2.8
2.2
2.7
2.6
1.5
4.0
2.1
Real estate and rental and le a s in g ................................
1.9
0.8
2.1
3.2
Real estate................................................................
Rental and leasing services and lessors of intangible
assets....................................................................
2.2
0.8
2.2
3.4
0.2
1.0
1.7
2.6
59
60
61
62
63
Professional and business s e rv ic e s .................................
Professional, scientific, and technical services.......
1.0
0.9
0.8
0.9
1.8
1.4
2.1
1.7
Legal services...........................................................
Computer systems design and related services......
Miscellaneous professional, scientific, and technical
services.................................................................
1.7
-0.5
1.4
0.1
1.8
0.4
2.0
1.2
1.0
0.9
1.5
1.7
64
65
66
67
68
M anagem ent of com panies and en te rp ris e s.............
A dm inistrative and w aste m anagem ent s e rv ic e s ....
2.2
0.6
1.1
0.4
1.7
2.7
2.0
3.1
Administrative and support services........................
Waste management and remediation services........
0.4
1.9
0.3
1.2
2.1
6.3
2.8
4.9
Educational services, health care, and social
assistance...............................................................................
Educational s e rv ic e s ..........................................................
Health care and social assistan ce.................................
1.1
1.4
1.0
0.7
0.8
0.7
2.2
1.9
2.2
2.8
2.5
2.9
Ambulatory health care services..............................
Hospitals and nursing and residential care facilities
Social assistance......................................................
1.3
0.7
1.2
1.0
0.5
0.6
2.0
2.3
2.6
3.0
2.7
3.6
A rts, entertainm ent, recreation, accom m odation, and
food s erv ices.........................................................................
A rts, entertainm ent, and recre atio n .............................
2.1
2.2
0.3
1.5
3.0
2.3
3.5
3.2
2.6
1.9
1.9
1.1
2.3
2.2
3.0
3.4
69
70
71
7?
73
74
75
76
Performing arts, spectator sports, museums, and
related activities....................................................
77
Amusements, gambling, and recreation industries...
78
Accom m odation and food s e rv ic e s .............................
79
Accommodation........................................................
80
Food services and drinking places............................
81 Other services, except g o v e rn m e n t..................................
82 Governm ent.....................................................................................
83 F e d e ra l.....................
84
General government.....................................................
85
Government enterprises...............................................
86 State and lo ca l.......
87
General government.....................................................
88
Government enterprises...............................................
2.0
0.0
3.1
3.6
1.8
2.1
0.4
-0.1
2.3
3.3
2.9
3.8
0.9
1.7
1.4
1.0
0.7
1.5
1.5
4.1
3.0
2.3
4.2
3.2
1.7
-1.2
1.6
-0.2
2.8
4.6
3.2
3.7
1.8
0.3
4.7
4.8
1.8
2.0
0.6
-1.0
4.5
5.7
4.8
4.9
-1.0
0.6
-0.4
0.3
4.1
2.8
7.3
3.1
-2.0
-0.8
-0.2
1.2
Addenda:
89
90
91
Private goods-producing industries1.................................
Private services-producing industries2.............................
Information-communications-technology-producing
industries3.....................................................................
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
58
Annual Industry Accounts
December 2005
Table 14. Cost Per Unit of Real Value Added by Private Industry Group, 2001-2004
[Dollars]
2001
Line
1
2
3
4
5
6
I
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
2b
26
27
28
?9
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
4/
48
49
50
51
52
53
54
55
56
5/
58
69
60
2002
2003
2004
Private in d u s trie s .................................................................
1.020
1.036
1.055
1.081
Compensation of employees....................................
Taxes on production and imports less subsidies......
Gross operating surplus............................................
0.562
0.079
0.380
0.562
0.084
0.390
0.565
0.085
0.405
0.572
0.087
0.422
A griculture, forestry, fishing, and h u n tin g ...........................
1.066
0.986
1.097
1.336
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
0.393
-0.138
0.811
0.376
-0.040
0.649
0.347
-0.073
0.823
0.371
-0.040
1.006
M in in g .........................................
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
U tilities........................................
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
C o n s tru c tio n ............................
1.033
0.990
1.342
1.585
0.338
0.123
0.572
0.351
0.118
0.521
0.366
0.138
0.838
0.401
0.150
1.035
1.124
1.105
1.100
1.150
0.269
0.143
0.712
0.273
0.185
0.647
0.261
0.184
0.655
0.271
0.191
0.688
1.075
1.127
1.186
1.269
0.750
0.012
0.313
0.777
0.013
0.336
0.798
0.015
0.373
0.832
0.016
0.422
M anu facturing..................................................................................
0.996
0.977
0.971
0.961
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
Durable goods...................................................................
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
Nondurable goods.............................................................
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
0.651
0.031
0.314
0.957
0.718
0.017
0.222
1.055
0.549
0.052
0.454
0.632
0.032
0.313
0.936
0.690
0.018
0.229
1.040
0.546
0.053
0.440
0.637
0.032
0.301
0.910
0.684
0.018
0.208
1.064
0.562
0.055
0.447
0.619
0.032
0.309
0.898
0.654
0.018
0.226
1.057
0.558
0.055
0.444
W holesale tra d e ..............................................................................
0.959
0.962
0.968
1.016
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
0.528
0.214
0.217
0.521
0.216
0.225
0.528
0.220
0.220
0.538
0.223
0.255
Retail tra d e ........................................................................................
0.976
0.994
1.001
0.991
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
0.579
0.201
0.195
0.583
0.203
0.208
0.578
0.206
0.218
0.566
0.207
0.218
Transportation and w are h o u sin g .............................................
1.011
1.014
1.033
1.028
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
0.693
0.034
0.285
0.680
0.053
0.282
0.662
0.045
0.326
0.679
0.053
0.297
In form ation........................................................................................
1.000
0.992
0.984
0.956
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
0.513
0.078
0.410
0.468
0.078
0.446
0.450
0.077
0.456
0.415
0.072
0.469
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
Finance, insurance, real estate, rental, and le a s in g ........
1.027
1.058
1.080
1.110
Compensation of employees.............................................
Taxes on production and imports less subsidies..............
Gross operating surplus....................................................
0.258
0.098
0.670
0.263
0.105
0.690
0.267
0.107
0.706
0.279
0.111
0.721
Finance and in s u ra n c e ...........................................................
1.013
1.041
1.058
1.097
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
0.565
0.041
0.407
0.567
0.043
0.432
0.563
0.044
0.451
0.604
0.046
0.447
Real estate and rental and leasing......................................
1.036
1.069
1.094
1.119
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
0.066
0.134
0.836
0.068
0.145
0.856
0.070
0.150
0.875
0.071
0.152
0.895
1. C onsists of agriculture, forestry, fishing, an d hunting; m ining; construction; an d m anufacturing ,
2. Consists of utilities; w h o le s a le tra de; retail trade; transp ortation an d w arehousing; inform ation; fin an ce, insuran ce,
real es ta te , rental, a n d leasing; profes sional an d b u siness services; education al services, health care, an d social assista nce; arts, en te rta in m e n t, rec re a tion, acco m m o d atio n , an d food services; an d o ther services, excep t g o vernm ent.
3. Consists of c o m p u te r a nd e lectronic products; publishing industries (includes softw are); inform ation an d d a ta
Line
2001
61 Professional and business se rv ic e s.......................................
62 Compensation of employees.............................................
63 Taxes on production and imports less subsidies..............
64 Gross operating surplus....................................................
65 Professional, scientific, and technical s e rv ic e s ............
Compensation of employees.........................................
66
6/
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
68
69 M anagem ent of com panies and enterprises...................
Compensation
of employees.........................................
70
/1
Taxes on production and imports less subsidies..........
72
Gross operating surplus................................................
73 A dm inistrative and w aste m anagem ent serv ices.........
74
Compensation of employees.........................................
75
Taxes on production and imports less subsidies..........
76
Gross operating surplus................................................
77 Educational services, health care, and social assistance
78 Compensation of employees.............................................
/9 Taxes on production and imports less subsidies..............
80 Gross operating surplus....................................................
81 Educational serv ices................................................................
82
Compensation of employees.........................................
83
Taxes on production and imports less subsidies..........
84
Gross operating surplus................................................
85 Health care and social a s s is ta n c e ......................................
86
Compensation of employees.........................................
87
Taxes on production and imports less subsidies..........
88
Gross operating surplus................................................
89 Arts, entertainm ent, recreation, accom m odation, and
2002
2003
2004
1.029
1.051
1.058
1.087
0.756
0.020
0.253
0.752
0.020
0.278
0.746
0.020
0.291
0.760
0.020
0.307
1.029
1.055
1.063
1.070
0.736
0.017
0.277
0.731
0.018
0.305
0.727
0.018
0.318
0.726
0.018
0.326
0.987
0.992
0.998
1.085
0.777
0.018
0.192
0.752
0.017
0.222
0.752
0.016
0.230
0.797
0.016
0.272
1.055
1.080
1.085
1.128
0.791
0.028
0.236
0.803
0.029
0.249
0.787
0.028
0.269
0.814
0.028
0.285
1.056
1 .0 %
1.134
1.175
0.849
0.013
0.194
0.876
0.013
0.206
0.909
0.013
0.212
0.940
0.014
0.221
1.076
1.149
1.214
1.285
0.987
0.015
0.074
1.053
0.015
0.080
1.116
0.016
0.082
1.180
0.016
0.089
1.054
1.089
1.124
1.161
0.831
0.013
0.210
0.854
0.013
0.222
0.883
0.013
0.228
0.911
0.014
0.237
food s e rv ic e s ..............................................................................
1.040
1.079
1.095
1.131
90 Compensation of employees.............................................
91 Taxes on production and imports less subsidies..............
92 Gross operating surplus....................................................
93 Arts, entertainm ent, and recreation....................................
94
Compensation of employees.........................................
95
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
96
97 Accom m odation and food s erv ices....................................
98
Compensation of employees.........................................
99
Taxes on production and imports less subsidies..........
1UU
Gross operating surplus................................................
101 O ther services, except governm ent........................................
102 Compensation of employees.............................................
103 Taxes on production and imports less subsidies..............
104 Gross operating surplus....................................................
0.655
0.120
0.266
0.672
0.121
0.285
0.682
0.125
0.288
0.703
0.129
0.299
1.046
1.081
1.114
1.146
0.623
0.103
0.320
0.632
0.105
0.344
0.660
0.343
0.680
0.117
0.350
1.038
1.078
1.088
1.125
0.666
0.125
0.246
0.687
0.127
0.264
0.690
0.129
0.269
0.711
0.134
0.281
0.111
1.072
1.117
1.156
1.200
0.735
0.071
0.266
0.782
0.074
0.261
0.808
0.077
0.272
0.838
0.081
0.281
Addenda:
105
106
107
108
109
110
111
11?
113
114
115
116
Private goods-producing industries 1 ...............................
1.018
1.010
1.042
1.077
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
0.643
0.024
0.351
0.636
0.029
0.346
0.643
0.029
0.371
0.641
0.031
0.405
Private services-producing industries 2...........................
1.021
1.043
1.058
1.082
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
0.538
0.095
0.388
0.541
0.100
0.403
0.542
0.101
0.415
0.552
0.103
0.427
Inform ation-com m unications-technology-producing
industries3...............................................................................
0.914
0.880
0.833
0.781
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
0.785
0.017
0.113
0.698
0.017
0.165
0.641
0.017
0.176
0.595
0.016
0.170
processing services; an d c o m p u te r system s design an d related services.
Note. T h e s e unit-cost m e a s u re s differ from th e u n it-labo r-cost an d unit-nonlabor-cost serie s published by th e B ureau
of L abor Statistics (B L S ). S e e BLS Handbook of Methods (April 1 9 9 7 ), < w w w .b ls.g o v/o p u b /h o m /h o m e .h tm >.
Decem ber 2005
Survey
of
C urrent B usiness
59
Table 14.A. Percent Changes in Cost Per Unit of Real Value Added by Private Industry Group, 2001-2004
Line
1
Private in d u s tries.................................................................
2
Compensation of employees.....................................
3
Taxes on production and imports less subsidies......
4
Gross operating surplus............................................
5 Agriculture, forestry, fishing, and huntin g...........................
b Compensation of employees.............................................
/
Taxes on production and imports less subsidies..............
8 Gross operating surplus....................................................
9 M ining.................................................................................................
10 Compensation of employees.............................................
11 Taxes on production and imports less subsidies..............
12 Gross operating surplus....................................................
13 U tilitie s ...............................................................................................
14 Compensation of employees.............................................
15 Taxes on production and imports less subsidies..............
16 Gross operating surplus....................................................
1/ C onstruction.....................
18 Compensation of employees.............................................
19 Taxes on production and imports less subsidies..............
20 Gross operating surplus....................................................
?1 M an u factu rin g................................................................................
?? Compensation of employees.............................................
?3 Taxes on production and imports less subsidies..............
24 Gross operating surplus....................................................
25 Durable goods...................................................................
Compensation of employees.........................................
26
27
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
28
29 Nondurable goods.............................................................
Compensation of employees.........................................
30
Taxes on production and imports less subsidies..........
31
32
Gross operating surplus................................................
33 W holesale tra d e ..............................................................................
34 Compensation of employees.............................................
35 Taxes on production and imports less subsidies..............
36 Gross operating surplus....................................................
3 / Retail trad e.........................
38 Compensation of employees.............................................
39 Taxes on production and imports less subsidies..............
40 Gross operating surplus....................................................
41 Transportation and w a re h o u s in g ............................................
42 Compensation of employees.............................................
43 Taxes on production and imports less subsidies..............
44 Gross operating surplus....................................................
45 In fo rm a tio n ......................................................................................
46 Compensation of employees.............................................
47 Taxes on production and imports less subsidies..............
48 Gross operating surplus....................................................
49 Finance, insurance, real estate, rental, and leas in g ........
50 Compensation of employees.............................................
b1 Taxes on production and imports less subsidies..............
b2 Gross operating surplus....................................................
b3 Finance and in su ran ce...........................................................
b4
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
55
bb
Gross operating surplus................................................
57 Real estate and rental and le a s in g .....................................
58
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
b9
Gross operating surplus................................................
60
2001
2002
2003
2004
2.0
1.5
1.9
2.5
1.3
0.5
3.5
6.6
11.2
-4.1
2.6
0.1
6.2
2.6
0.5
1.4
3.9
1.2
2.4
4.3
-7 .5
11.2
21.8
-4.2
-71.4
-20.0
-8.0
83.6
26.8
6.9
-44.3
22.3
3.3
-4 .2
35.6
18.1
14.0
13.6
-3.9
3.7
-4.6
-8.8
4.4
17.3
60.8
9.5
8.7
23.4
12.4
-1 .7
-0 .4
4.5
9.9
-12.1
20.2
1.5
29.1
-9.1
-4.3
-0.3
1.2
3.8
3.5
5.1
7.5
4.8
5.3
7.0
5.8
4.5
12.1
3.6
10.5
7.3
2.7
10.2
11.0
4.2
7.3
13.1
-0 .4
-1 .9
-0 .6
-1 .0
1.0
8.8
-4.1
-4.3
0.0
9.9
-16.7
5.5
3.4
7.8
7.9
-3.0
3.5
-0.1
-2.2
-4.0
3.5
3.0
-1.4
-0.5
2.5
-3.0
0.9
0.5
-3.9
-2.8
-0.8
0.4
-9.0
2.3
2.9
2.5
1.4
-2.9
0.1
2.7
-1.3
-4.4
0.2
8.5
-0.6
-0.7
1.2
-0.7
-4 .1
0.4
0.6
4.9
-5.0
-6.6
0.8
-1.2
0.9
3.6
1.2
2.2
-2.2
2.0
1.2
15.8
-2 .4
1.8
0.8
-1 .1
-3.2
-5.1
3.3
0.7
0.9
6.2
-1.0
1.5
4.9
-2.0
0.3
0.2
1.1
0.3
1.9
- 0 .5
-2.6
-13.6
15.6
2.5
16.2
-9.0
4.9
-36.2
-0.6
-1.9
56.0
-0.9
0.0
-0 .9
-0 .8
-2 .9
-5.3
-1.9
8.0
-8.7
0.2
8.7
-3.8
-0.5
2.3
-7.8
-7.5
2.8
2.7
3.1
2.0
2.8
2.5
2.6
2.7
1.7
7.4
3.0
1.5
1.9
2.2
4.4
3.2
2.2
1.3
2.8
1.6
3.7
2.3
0.0
0.0
0.3
4.7
6.2
-0.7
2.4
4.5
7.3
5.5
-0.9
3.6
3.2
2.3
2.3
1.4
3.3
3.8
3.4
8.5
2.4
2.2
2.9
2.2
2.6
1.5
2.3
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2 . Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
Line
2000
61 Professional and business s e rv ic e s ......................................
62 Compensation of employees.............................................
63 Taxes on production and imports less subsidies..............
64 Gross operating surplus....................................................
65 Professional, scientific, and technical serv ices............
Compensation of employees.........................................
66
67
Taxes on production and imports less subsidies..........
68
Gross operating surplus................................................
69 M anagem ent of com panies and en te rp ris e s ..................
70
Compensation of employees.........................................
71
Taxes on production and imports less subsidies..........
72
Gross operating surplus................................................
73 A dm inistrative and w aste m anagem ent s e rv ic e s ........
74
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
75
76
Gross operating surplus................................................
77 Educational services, health care, and social assistance
78 Compensation of employees.............................................
79 Taxes on production and imports less subsidies..............
80 Gross operating surplus....................................................
81
Educational s e rv ic e s ...............................................................
82
Compensation of employees.........................................
83
Taxes on production and imports less subsidies..........
84
Gross operating surplus................................................
85 Health care and social assistan ce......................................
86
Compensation of employees.........................................
87
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
88
89 A rts, entertainm ent, recreation, accom m odation, and
90 Compensation of employees.............................................
91 Taxes on production and imports less subsidies..............
92 Gross operating surplus....................................................
93 A rts, entertainm ent, and recre atio n ..................................
94
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
9b
96
Gross operating surplus................................................
97 Accom m odation and food s e rv ic e s ..................................
98
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
99
100
Gross operating surplus................................................
101 O ther services, except g o v e rn m e n t.......................................
102 Compensation of employees.............................................
103 Taxes on production and imports less subsidies..............
104 Gross operating surplus....................................................
2001
2002
2003
2.9
2.1
0.7
2.8
1.9
2.3
5.9
-0.4
3.4
9.7
-0.8
0.5
4.8
1.8
-0.2
5.5
2.9
2.5
0.8
0.7
2.0
3.1
5.3
-0.6
6.2
10.4
-0.6
2.5
4.1
-0.1
-0.2
2.7
-1 .3
0.4
0.7
8.7
-3.3
-6.2
8.4
-3.2
-4.1
15.7
-0.1
-2.3
3.5
6.0
-2.5
18.2
5.5
2.4
0.5
3.9
5.5
6.1
5.4
1.5
2.0
5.5
-1.9
-2.0
8.3
3.4
1.0
5.8
5.6
3.8
3.5
3.6
4.6
2.7
10.6
3.2
3.5
6.2
3.7
1.9
2.9
3.5
2.6
4.2
7.6
6.8
5.6
5.8
8.7
7.0
-5.3
6.7
3.9
9.0
6.0
2.8
2.0
5.7
5.1
8.2
5.4
3.4
3.2
3.3
4.0
2.1
11.1
2.7
3.5
5.9
3.4
1.8
2.8
3.2
2.2
3.8
4.0
3.7
1.5
3.3
5.0
2.3
2.3
2.7
1.4
7.4
1.5
2.7
1.1
3.0
3.7
3.6
4.6
3.4
3.0
2.9
3.0
1.4
8.9
1.5
2.0
7.5
4.5
5.4
-0.3
3.0
5.3
2.0
3.8
3.9
1.0
3.4
5.7
2.8
-0.7
3.1
1.4
7.2
0.5
1.8
2.0
3.0
3.2
4.4
7.2
4.2
3.5
3.8
7.1
3.5
8.3
6.4
4.7
-1.8
3.4
3.3
4.0
3.7
5.4
3.6
Addenda:
105
106
107
108
109
110
111
112
113
Private goods-producing in d u s trie s 1...............................
1.8
-0 .8
3.2
3.3
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
3.0
13.4
-0.9
-1.1
20.0
-1.7
1.1
-1.5
7.4
-0.3
9.0
9.2
Private services-producing industries 2 ..........................
2.1
2.2
1.5
2.3
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
1.0
-1.7
4.7
0.5
5.1
3.7
0.3
1.4
3.0
1.8
1.7
3.0
Inform ation-com m unications-technology-producing
in dustries3 ..............................................................................
- 8 .6
- 3 .7
-5 .3
-6 .3
114
115
116
Compensation of employees.........................................
Taxes on production and imports less subsidies..........
Gross operating surplus................................................
-6.0
3.6
-24.4
-11.1
1.8
46.8
-8.2
-3.0
6.5
-7.1
-5.7
-3.4
processing services; and computer systems design and related services.
N o te . These unit-cost measures differ from the unit-labor-cost and unit-nonlabor-cost series published by the Bureau
of Labor Statistics (BLS). See BLS Handbook of Methods (April 1997), <www.bls.gov/opub/hom/home.htm>.
Annual Industry Accounts
60
Decem ber 2005
Table 15. Components of Domestic Supply by Commodity Group, 2001-2004
[Billions of dollars]
2001
Line
1
2
3
4
5
Total dom estic supply of all co m m odities1 ..........
2002
2003
2004
18,802.0 19,200.9 20,217.6 21,914.6
Domestic output.................................................... 18,403.2 18,788.4 19,732.1 21,346.0
Plus: Imports......................................................... 1,302.6 1,334.1 1,443.0 1.676.1
909.7
942.1 1.052.1
935.6
Less: Exports........................................................
55.4
-31.7
15.4
11.9
Less: Change in private inventories.....................
2001
Line
844.8
872.4
929.2
852.3
3.5
23.8
0.9
865.7
3.7
23.8
0.8
893.4
4.2
25.5
-0.4
952.7
4.5
26.3
1.8
51 Finance, insurance, real estate, rental, and le a s in g .....
52 Domestic output.............................................................
53 Plus: Imports..................................................................
54 Less: Exports.................................................................
55 Less: Change in private inventories...............................
3,071.2
3.130.4
3,302.1
3,530.3
2.041.5
257.7
280.6
318.6
259.8
24.3
21.0
0.1
251.9
24.8
21.0
-2.0
280.3
26.8
24.7
1.8
320.0
28.0
28.2
1.2
11 M inin g............................................................................................
12 Domestic output............................................................
13 Plus: Imports.................................................................
14 Less: Exports................................................................
15 Less: Change in private inventories..............................
302.9
278.8
362.0
443.6
212.5
96.4
3.8
2.1
189.7
92.8
3.7
0.1
246.1
124.8
4.1
4.8
289.3
166.5
5.9
6.3
56 Professional and business s e rv ic e s ..................................
57 Domestic output.............................................................
58 Plus: Imports..................................................................
59 Less: Exports.................................................................
60 Less: Change in private inventories...............................
16 U tilitie s ..........................................................................................
17 Domestic output............................................................
18 Plus: Imports.................................................................
19 Less: Exports................................................................
20 Less: Change in private inventories..............................
395.8
392.1
417.3
440.4
61 Educational services, health care, and social
394.5
2.9
1.6
0.0
391.4
1.2
0.5
0.0
416.8
1.5
1.0
0.0
440.0
1.4
1.1
0.0
62
63
64
65
21 C o n struction...............................................................................
22 Domestic output............................................................
23 Plus: Imports.................................................................
24 Less: Exports................................................................
25 Less: Change in private inventories..............................
1,000.8
1.005.5
1,062.0
1.166.7
1,000.9
0.0
0.1
0.0
1.005.5 1,062.1 1.166.8
0.0
0.0
0.0
0.1
0.1
0.1
0.0
0.0
0.0
26 M anufacturing.............................................................................
27 Domestic output............................................................
28 Plus: Imports.................................................................
29 Less: Exports................................................................
30 Less: Change in private inventories..............................
4,347.4
4,308.6
31 W holesale tra d e .........................................................................
32 Domestic output............................................................
33 Plus: Imports.................................................................
34 Less: Exports................................................................
35 Less: Change in private inventories..............................
4,889.4
assistance
......................................................................
Domestic output
Plus: Imports ,
Less: Exports....
Less: Change in private inventories...............................
3,127.0 3.185.5 3,359.3 3,592.1
24.7
27.6
30.4
15.5
84.7
71.3
79.7
92.2
0.0
0.0
0.0
0.0
2,069.4
2,159.8
2,325.3
2.086.6 2,120.9 2,215.7 2,385.9
9.1
10.5
11.2
13.0
66.4
58.1
60.6
71.8
0.0
0.0
0.0
0.0
1,354.5
1,463.1
1,565.5
1,673.7
1,354.3 1,462.9 1,565.7 1,674.1
0.4
0.7
0.9
0.4
0.7
0.5
0.6
0.8
0.0
0.0
0.0
0.0
66 Arts, entertainm ent, recreation, accom m odation, and
food se rv ic e s ...........................................................................
713.0
747.1
787.9
850.3
Domestic output.............................................................
Plus: Imports..................................................................
Less: Exports.................................................................
Less: Change in private inventories...............................
713.4
0.2
0.6
0.0
747.6
0.2
0.6
0.0
788.3
0.2
0.6
0.0
850.9
0.2
0.8
0.0
71 Other services, except g o ve rn m en t....................................
72 Domestic output.............................................................
73 Plus: Imports..................................................................
74 Less: Exports.................................................................
75 Less: Change in private inventories...............................
572.3
585.0
606.2
638.0
570.5
1.9
0.1
0.0
583.3
1.9
0.1
0.0
604.3
2.0
0.2
0.0
636.1
2.1
0.2
0.0
76 G o vernm ent..................................................................................
77 Domestic output.............................................................
78 Plus: Imports..................................................................
79 Less: Exports.................................................................
80 Less: Change in private inventories...............................
1,621.8
1,738.9
1,863.3
1,975.0
67
68
69
70
746.6
771.9
794.0
830.7
-20.6
65.9
-2.4
858.8
-19.9
65.4
1.5
886.4 1,012.0
-21.4
-23.3
68.2
77.9
11.4
2.8
36 Retail tra d e ...................................................................................
37 Domestic output............................................................
38 Plus: Imports.................................................................
39 Less: Exports................................................................
40 Less: Change in private inventories..............................
928.4
988.6
928.4
0.0
0.0
0.0
988.6 1.057.3 1.138.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
81
82
83
84
85
G o o d s2.......................................................................................
41 Transportation and w arehousing........................................
42 Domestic output............................................................
43 Plus: Imports.................................................................
44 Less: Exports................................................................
45 Less: Change in private inventories..............................
542.3
544.3
563.0
597.5
586.9
15.0
60.6
-1.0
592.1
12.1
60.2
-0.2
614.1
12.2
60.7
2.5
658.9
13.2
70.4
4.2
86
87
88
89
90
S erv ices3................................................................................... 11,196.8 11.536.7 12,125.4 13,022.9
1.057.3
899.4
2004
831.1
262.9
4,438.0
2003
46 In fo rm a tio n ...................................................................................
47 Domestic output.............................................................
48 Plus: Imports..................................................................
49 Less: Exports.................................................................
50 Less: Change in private inventories...............................
6 Agriculture, forestry, fishing, and h u ntin g.......................
7 Domestic output............................................................
8 Plus: Imports.................................................................
9 Less: Exports................................................................
10 Less: Change in private inventories..............................
3,833.7 3.801.4 3,887.5 4,295.8
988.6 1.014.5 1,077.3 1,239.7
495.6
507.9
566.1
526.8
-51.9
18.8
80.0
11.8
2002
1.138.9
1. Includes noncomparable imports, scrap, used goods, inventory valuation adjustment, and rest-of-theworld adjustments.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
1,622.1 1,739.1 1,863.5 1,975.2
0.0
0.0
0.0
0.0
0.2
0.2
0.3
0.3
0.0
0.0
0.0
0.0
Addenda:
Domestic output.........................................................
Plus: Imports.
Less: Exports
5,914.0
5.850.5
6,142.6
6,818.3
5,306.9 5.248.6 5.475.9 6,071.9
1,109.2 1,132.2 1.228.9 1,434.2
551.7
520.4
536.9
600.3
25.4
-49.6
9.9
87.4
Domestic output......................................................... 11,444.6 11.796.7 12,401.3 13,341.7
32.2
33.8
36.9
40 1
291.7
282.6
307.8
341.4
Less: Exports.............................................................
2.1
4.9
-2.5
17.4
Less: Change in private inventories..........................
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
Note. In the l-O use table, imports are reported with the sign reversed in order to reconcile the value of
domestic uses, which includes imports, with domestic output.
Decem ber 2005
Survey
of
C urrent B usiness
61
Table 16. Components of Domestic Supply by Commodity Group as a Percentage of Domestic Supply, 2001-2004
[Percent]
Line
1
2
3
4
5
2001
2002
2003
2004
100.0
100.0
100.0
100.0
Domestic output....................................................
Plus: Imports
Less: Exports
Less: Change in private inventories.....................
97.9
6.9
5.0
-0.2
97.9
6.9
4.7
0.1
97.6
7.1
4.7
0.1
97.4
7.6
4.8
0.3
6 A griculture, forestry, fishing, and huntin g......................
7 Domestic output............................................................
8 Plus: Imports.................................................................
9 Less: Exports......... ......................................................
10 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
98.8
9.2
8.0
0.0
97.7
9.6
8.1
-0.8
99.9
9.6
8.8
0.6
100.4
8.8
8.9
0.4
11 M in in g ............................................................................................
12 Domestic output
13 Plus: Imports...
14 Less: Exports.,
15 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
70.2
31.8
1.3
0.7
68.0
33.3
1.3
0.0
68.0
34.5
1.1
1.3
65.2
37.5
1.3
1.4
16 U tilitie s ..........................................................................................
17 Domestic output............................................................
18 Plus: Imports.................................................................
19 Less: Exports................................................................
20 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
99.7
0.7
0.4
0.0
99.8
0.3
0.1
0.0
99.9
0.4
0.2
0.0
99.9
0.3
0.2
0.0
21 C o n stru ctio n ...............................................................................
22 Domestic output............................................................
23 Plus: Imports.................................................................
24 Less: Exports................................................................
25 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
26 M anufacturing.............................................................................
27 Domestic output............................................................
28 Plus: Imports.................................................................
29 Less: Exports................................................................
30 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
88.2
22.7
12.1
-1.2
88.2
23.5
11.5
0.3
87.6
24.3
11.4
0.4
87.9
25.4
11.6
1.6
31 W holesale tra d e .........................................................................
32 Domestic output............................................................
33 Plus: Imports..
34 Less: Exports.
35 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
111.3
-2.8
8.8
-0.3
111.3
-2.6
8.5
0.2
111.6
-2.7
8.6
0.4
112.5
-2.6
8.7
1.3
36 Retail tra d e ..................................................................................
37 Domestic output............................................................
38 Plus: Imports.................................................................
39 Less: Exports................................................................
40 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
41 Transportation and w arehousing........................................
42 Domestic output............................................................
43 Plus: Imports.................................................................
44 Less: Exports................................................................
45 Less: Change in private inventories.............................
100.0
100.0
100.0
100.0
108.2
2.8
11.2
-0.2
108.8
2.2
11.1
0.0
109.1
2.2
10.8
0.4
110.3
2.2
11.8
0.7
Total dom estic supply of all co m m odities1
Line
2001
2002
2003
2004
46 In fo rm atio n ...................................................................................
47 Domestic output.............................................................
48 Plus: Imports.................................................................
49 Less: Exports.................................................................
50 Less: Change in private inventories...............................
100.0
100.0
100.0
100.0
102.6
0.4
2.9
0.1
102.5
0.4
2.8
0.1
102.4
0.5
2.9
0.0
102.5
0.5
2.8
0.2
51 Finance, insurance, real estate, rental, and le a s in g ....
52 Domestic output.............................................................
53 Plus: Imports.................................................................
54 Less: Exports.................................................................
55 Less: Change in private inventories..............................
100.0
100.0
100.0
100.0
101.8
0.5
2.3
0.0
101.8
0.8
2.5
0.0
101.7
0.8
2.6
0.0
101.8
0.9
2.6
0.0
56 Professional and business s erv ices ..................................
57 Domestic output.............................................................
58 Plus: Imports.................................................................
59 Less: Exports.................................................................
60 Less: Change in private inventories...............................
100.0
100.0
100.0
100.0
102.2
0.6
2.8
0.0
102.5
0.4
2.9
0.0
102.6
0.5
3.1
0.0
102.6
0.5
3.1
0.0
a s s is ta n c e ...............................................................................
100.0
100.0
100.0
100.0
Domestic output.............................................................
Plus: Imports.................................................................
Less: Exports.................................................................
Less: Change in private inventories..............................
100.0
0.1
0.0
0.0
100.0
0.1
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
food s e rv ic e s .........................................................................
100.0
100.0
100.0
100.0
Domestic output.............................................................
Plus: Imports.................................................................
Less: Exports.................................................................
Less: Change in private inventories..............................
100.1
0.0
0.1
0.0
100.1
0.0
0.1
0.0
100.1
0.0
0.1
0.0
100.1
0.0
0.1
0.0
71 O ther services, except g overnm ent....................................
72 Domestic output.............................................................
73 Plus: Imports.................................................................
74 Less: Exports.................................................................
75 Less: Change in private inventories..............................
100.0
100.0
100.0
100.0
99.7
0.3
0.0
0.0
99.7
0.3
0.0
0.0
99.7
0.3
0.0
0.0
99.7
0.3
0.0
0.0
76 G o v e rn m e n t................................................................................
77 Domestic output.............................................................
78 Plus: Imports.................................................................
79 Less: Exports.................................................................
80 Less: Change in private inventories...............................
100.0
100.0
100.0
100.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
100.0
0.0
0.0
0.0
61 Educational services, health care, and social
62
63
64
65
66 Arts, entertainm ent, recreation, accom m odation, and
67
68
69
70
Addenda:
81
82
83
84
85
G o o d s2
..............................................................................
100.0
100.0
100.0
100.0
Domestic output........................................................
Plus: Imports.............................................................
Less: Exports............................................................
Less: Change in private inventories.........................
89.7
18.8
9.3
-0.8
89.7
19.4
8.9
0.2
89.1
20.0
8.7
0.4
89.1
21.0
8.8
1.3
86
87
88
89
90
S erv ices3..................................................................................
100.0
100.0
100.0
100.0
Domestic output
Plus: Imports.....
Less: Exports....
Less: Change in privaie inventories.........................
102.2
0.3
2.5
0.0
102.3
0.3
2.5
0.0
102.3
0.3
2.5
0.0
102.4
0.3
2.6
0.1
1. Includes noncomparable imports, scrap, used goods, inventory valuation adjustment, and rest-of-the-world
insurance, real estate, rental, and leasing; professional and business services; educational services, health
adjustments.
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
services, except government.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
Annual Industry Accounts
62
Decem ber 2005
Table 17. Use of Domestic Supply by Commodity Group, 2001-2004
[Billions of dollars]
Line
1
2
3
4
5
2001
2002
2003
2004
Total dom estic supply of all co m m odities1............
18,802.0 19,200.9 20,217.6 21,914.6
Personal consumption expenditures....................
Private fixed investment........................................
Government consumption expenditures and gross
investment.........................................................
Total intermediate use...........................................
7,055.0 7,350.7 7,709.9 8,214.3
1,646.1 1,570.2 1,654.9 1,872.6
6 A griculture, forestry, fishing, and h u n tin g .......................
/
Personal consumption expenditures..............................
8 Private fixed investment.................................................
9 Government consumption expenditures and gross
investment.................................................................
10 Total intermediate use...................................................
1,825.6
8,275.3
1,961.1 2,091.9 2,215.9
8,318.8 8,760.9 9,611.8
262.9
257.7
280.6
318.6
40.5
0.0
44.0
0.0
44.9
0.0
48.9
0.0
-0.7
223.2
-1.2
214.8
-1.9
237.6
-1.8
271.5
302.9
278.8
362.0
443.6
0.0
39.3
0.2
35.8
0.1
45.7
0.1
56.5
0.0
263.5
1.2
241.6
2.6
313.5
1.2
385.8
395.8
392.1
417.3
440.4
182.1
0.0
179.7
0.0
194.8
0.0
205.2
0.0
0.0
213.7
0.0
212.4
0.0
222.5
0.0
235.1
21 C o n stru ctio n ................................................................................
22 Personal consumption expenditures..............................
23 Private fixed investment.................................................
24 Government consumption expenditures and gross
investment.................................................................
25 Total intermediate use...................................................
1,000.8
1,005.5
1,062.0
1,166.7
0.0
672.8
0.0
665.1
0.0
711.4
0.0
806.1
205.1
122.9
215.2
125.2
221.5
129.1
227.5
133.1
26 M anu facturing.............................................................................
27 Personal consumption expenditures..............................
28 Private fixed investment.................................................
29 Government consumption expenditures and gross
investment.................................................................
30 Total intermediate use...................................................
4,347.4
4,308.6
4,438.0
4,889.4
1,244.9
571.3
1,277.2
547.0
1,341.8
556.6
1,428.3
619.5
11 M in in g .............................................................................................
12 Personal consumption expenditures..............................
13 Private fixed investment.................................................
14 Government consumption expenditures and gross
investment.................................................................
15 Total intermediate use...................................................
16 U tilitie s ..........................................................................................
17 Personal consumption expenditures..............................
18 Private fixed investment.................................................
19 Government consumption expenditures and gross
investment.................................................................
20 Total intermediate use...................................................
Line
746.6
771.9
794.0
899.4
269.8
69.5
284.7
71.8
294.3
72.9
318.1
87.7
9.1
398.2
9.0
406.5
8.7
418.1
9.9
483.7
36 Retail tra d e ...................................................................................
37 Personal consumption expenditures..............................
38 Private fixed investment.................................................
39 Government consumption expenditures and gross
investment.................................................................
40 Total intermediate use...................................................
928.4
988.6
1,057.3
1,138.9
791.2
33.6
841.2
41.1
894.3
43.1
959.4
45.9
0.0
103.6
0.0
106.2
0.0
119.8
0.0
133.6
41 Transportation and w are h o u sin g ........................................
42 Personal consumption expenditures..............................
43 Private fixed investment.................................................
44 Government consumption expenditures and gross
investment.................................................................
45 Total intermediate use...................................................
542.3
544.3
563.0
597.5
145.4
9.9
135.4
11.4
142.1
11.4
154.6
12.6
87
1.1
385.8
1.0
396.5
0.9
408.6
1.0
429.3
90
2003
2004
831.1
844.8
872.4
929.2
272.3
61.1
274.9
56.5
283.3
55.6
295.3
57.6
4.8
492.9
6.8
506.6
7.1
526.4
7.9
568.3
Finance, insurance, real estate, rental, and leasing ....
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
3,071.2
3.130.4
3.302.1
3.530.3
1,650.9
62.8
1,705.1
70.9
1.759.6
82.4
1.870.4
98.0
0.0
1.357.5
0.0
1.354.5
0.0
1.460.2
0.0
1,561.8
Professional and business services..............................
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
2.041.5
2,069.4
2,159.8
2,325.3
154.9
203.3
160.2
154.1
170.6
154.0
178.9
167.4
22.5
1,660.8
23.6
1.731.6
23.5
1.811.7
25.2
1,953.7
1,354.5
1.463.1
1,565.5
1,673.7
1,301.2
0.0
1.406.1
0.0
1,504.9
0.0
1,610.6
0.0
0.0
53.3
0.0
57.0
0.0
60.6
0.0
63.1
713.0
747.1
787.9
850.3
551.0
0.0
578.6
0.0
609.2
0.0
660.2
0.0
0.0
162.0
0.0
168.5
0.0
178.7
0.0
190.0
Other services, except government...............................
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
572.3
585.0
606.2
638.0
370.3
0.0
386.7
0.0
400.4
0.0
421.0
0.0
0.0
202.0
0.0
198.3
0.0
205.8
0.0
217.0
Government......................................................................
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
1,621.8
1,738.9
1.863.3
1,975.0
46.6
0.0
49.1
0.0
50.8
0.0
53.3
0.0
1,504.0
71.2
1,618.2
71.6
1.738.4
74.1
1,846.9
74.8
5,914.0
5.850.5
6,142.6
6.818.3
1.285.4
1.283.4
1,321.4
1,247.8
1.386.8
1.313.8
1.477.4
1,482.2
Arts, entertainment, recreation, accommodation, and
food services...............................................................
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
31 W holesale tra d e ..........................................................................
32 Personal consumption expenditures..............................
33 Private fixed investment.................................................
34 Government consumption expenditures and gross
investment.................................................................
35 Total intermediate use...................................................
2002
Information........................................................................
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
Educational services, health care, and social
assistance.....................................................................
Personal consumption expenditures..............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment..................................................................
Total intermediate use...................................................
90.7
86.2
88.0
98.9
2,445.0 2,396.4 2,448.9 2,742.7
1. Includes noncomparable imports, scrap, used goods, inventory valuation adjustment, and rest-of-the-world
adjustments.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance.
2001
Addenda:
Goods2...........................................................................
Personal consumption expenditures..........................
Private fixed investment.............................................
Government consumption expenditures and gross
investment.............................................................
Total intermediate use...............................................
290.6
303.2
3,054.6 2,978.1
325.7
312.9
3,129.1 3,533.1
Services3....................................................................... 11,196.8 11,536.7 12,125.4 13,022.9
Personal consumption expenditures.......................... 5,689.2 5.952.6 6,253.5 6,673.9
Private fixed investment.............................................
440.1
405.7
419.4
469.3
Government consumption expenditures and gross
investment.............................................................
37.5
40.4
40.2
44.0
Total intermediate use............................................... 5,030.0 5,138.0 5,412.3 5,835.8
insurance, real estate, rental, and leasing; professional and business services; educational sen/ices, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
Decem ber 2005
Survey
of
C urrent B usiness
63
Table 18. Use of Domestic Supply by Commodity Group as a Percentage of Total Supply, 2001-2004
[Percent]
Line
2001
2002
2003
2004
Line
2001
2002
2003
2004
46 Inform ation...................................................................................
47 Personal consumption expenditures..............................
48 Private fixed investment.................................................
49 Government consumption expenditures and gross
investment.................................................................
50 Total intermediate use...................................................
100.0
100.0
100.0
100.0
32.8
7.4
32.5
6.7
32.5
6.4
31.8
6.2
0.6
59.3
0.8
60.0
0.8
60.3
0.9
61.2
51 Finance, insurance, real estate, rental, and le a s in g ....
52 Personal consumption expenditures..............................
b3 Private fixed investment.................................................
54 Government consumption expenditures and gross
investment.................................................................
55 Total intermediate use...................................................
100.0
100.0
100.0
100.0
53.8
2.0
54.5
2.3
53.3
2.5
53.0
2.8
0.0
44.2
0.0
43.3
0.0
44.2
0.0
44.2
56 Professional and business serv ices..................................
57 Personal consumption expenditures..............................
58 Private fixed investment.................................................
59 Government consumption expenditures and gross
investment.................................................................
60 Total intermediate use...................................................
100.0
100.0
100.0
100.0
7.6
10.0
7.7
7.4
7.9
7.1
7.7
7.2
1.1
81.4
1.1
83.7
1.1
83.9
1.1
84.0
as sistan ce...............................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
96.1
0.0
96.1
0.0
96.1
0.0
96.2
0.0
0.0
3.9
0.0
3.9
0.0
3.9
0.0
3.8
food s e rv ic e s .........................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.............................
Private fixed investment.................................................
Government consumption expenditures and gross
investment.................................................................
Total intermediate use...................................................
77.3
0.0
77.4
0.0
77.3
0.0
77.6
0.0
0.0
22.7
0.0
22.6
0.0
22.7
0.0
22.3
71 O ther services, except governm ent....................................
72 Personal consumption expenditures.............................
73 Private fixed investment.................................................
74 Government consumption expenditures and gross
investment.................................................................
75 Total intermediate use...................................................
100.0
100.0
100.0
100.0
64.7
0.0
66.1
0.0
66.1
0.0
66.0
0.0
0.0
35.3
0.0
33.9
0.0
33.9
0.0
34.0
76 G o v e rn m e n t................................................................................
//
Personal consumption expenditures..............................
/8
Private fixed investment.................................................
79 Government consumption expenditures and gross
investment.................................................................
80 Total intermediate use...................................................
100.0
100.0
100.0
100.0
2.9
0.0
2.8
0.0
2.7
0.0
2.7
0.0
92.7
4.4
93.1
4.1
93.3
4.0
93.5
3.8
G o o d s2 .....................................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.........................
Private fixed investment.............................................
Government consumption expenditures and gross
investment.............................................................
Total intermediate use...............................................
21.7
21.7
22.6
21.3
22.6
21.4
21.7
21.7
4.9
51.7
5.2
50.9
5.1
50.9
4.8
51.8
S ervices3..................................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.........................
Private fixed investment.............................................
Government consumption expenditures and gross
investment.............................................................
Total intermediate use...............................................
50.8
3.9
51.6
3.5
51.6
3.5
51.2
3.6
0.3
44.9
0.4
44.5
0.3
44.6
0.3
44.8
Total dom estic supply of all co m m odities1 ...........
100.0
100.0
100.0
100.0
Personal consumption expenditures....................
Private fixed investment........................................
Government consumption expenditures and gross
investment.........................................................
Total intermediate use...........................................
37.5
8.8
38.3
8.2
38.1
8.2
37.5
8.5
9.7
44.0
10.2
43.3
10.3
43.3
10.1
43.9
A griculture, forestry, fishing, and h u ntin g................
100.0
100.0
100.0
100.0
Personal consumption expenditures.......................
Private fixed investment...........................................
Government consumption expenditures and gross
investment............................................................
Total intermediate use..............................................
15.4
0.0
17.1
0.0
16.0
0.0
15.3
0.0
-0.3
84.9
-0.5
83.4
-0.7
84.7
-0.6
85.2
M in in g ......................................................................................
100 0
100.0
100.0
100.0
Personal consumption expenditures.......................
Private fixed investment..........................................
Government consumption expenditures and gross
investment............................................................
Total intermediate use.............................................
0.0
130
0.1
128
0.0
126
0.0
127
0.0
87.0
0.4
86.7
0.7
86.6
0.3
87.0
U tilitie s ...................................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures......................
Private fixed investment..........................................
Government consumption expenditures and gross
investment............................................................
Total intermediate use.............................................
46.0
0.0
45.8
0.0
46.7
0.0
46.6
0.0
0.0
54.0
0.0
54.2
0.0
53.3
0.0
53.4
C o n stru ctio n .........................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.......................
Private fixed investment..........................................
Government consumption expenditures and gross
investment............................................................
Total intermediate use..............................................
0.0
67.2
0.0
66.1
0.0
67.0
0.0
69.1
20.5
12.3
21.4
12.5
20.9
12.2
19.5
11.4
M anufacturing.......................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.......................
Private fixed investment..........................................
Government consumption expenditures and gross
investment............................................................
Total intermediate use..............................................
28.6
13.1
29.6
12.7
30.2
12.5
29.2
12.7
2.0
56.2
2.0
55.6
2.0
55.2
2.0
56.1
W holesale tra d e ...................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures.......................
Private fixed investment..........................................
Government consumption expenditures and gross
investment............................................................
Total intermediate use.............................................
36.1
9.3
36.9
9.3
37.1
9.2
35.4
9.8
1.2
53.3
1.2
52.7
1.1
52.7
1.1
53.8
Retail tra d e ...........................................................................
100.0
100.0
100.0
100.0
Personal consumption expenditures......................
Private fixed investment..........................................
Government consumption expenditures and gross
investment...........................................................
Total intermediate use.............................................
85.2
85.1
84.6
84.2
11.2
10.7
11.3
11.7
85
Transportation and w arehousing.................................
100.0
100.0
100.0
100.0
Personal consumption expenditures......................
Private fixed investment.......
Government consumption expenditures and gross
investment............................................................
Total intermediate use.............................................
26.8
1.8
24.9
2.1
25.2
2.0
25.9
2.1
86
87
88
89
0.2
71.1
0.2
72.8
0.2
72.6
0.2
71.8
61 Educational services, health care, and social
62
63
64
65
66 Arts, entertainm ent, recreation, accom m odation, and
67
68
69
/U
Addenda:
81
82
83
84
90
1. Includes noncomparable imports, scrap, used goods, inventory valuation adjustment, and rest-of-the-world
insurance, real estate, rental, and leasing; professional and business services; educational services, health
adjustments.
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
services, except government.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
Annual Industry Accounts
64
Decem ber 2005
Table 19. Composition of Gross Output by Industry Group, 2001-2004
[Billions of dollars]
Line
1
All Industries..................................................................
2
Value Added................................................................
3
Compensation of employees.....................................
4
Taxes on production and imports less subsidies........
5
Gross operating surplus...........................................
Intermediate inputs.......................................................
6
7
Energy inputs..........................................................
8
Materials inputs.......................................................
Purchased-services inputs.......................................
9
10 Private industries....
11 Value Added.........................................................................
12
Compensation of employees............................................
13
Taxes on production and imports less subsidies................
14
Gross operating surplus...................................................
1b Intermediate inputs..............................................................
Energy inputs....
16
17
Materials inputs.
18
Purchased-services inputs...............................................
19 Agriculture, forestry, fishing, and hunting........................
?0
Value Added.....
?1
Compensation of employees........................................
??
Taxes on production and imports less subsidies............
23
24
Intermediate inputs..........................................................
Energy inputs
25
Materials inputs...........................................................
26
27
Purchased-services inputs...........................................
28 Mining.................
29
Value Added.....
Compensation of employees........................................
30
31
Taxes on production and imports less subsidies............
32
Gross operating surplus...............................................
33
Intermediate inputs..........................................................
34
Energy inputs
35
Purchased-services inputs...........................................
36
37 Utilities................
38
Value Added.....
Compensation of employees........................................
39
Taxes on production and imports less subsidies............
40
41
Gross operating surplus...............................................
42
Intermediate inputs..........................................................
Energy inputs
43
44
Materials inputs...........................................................
45
Purchased-services inputs...........................................
46 Construction.......
47
Value Added
48
Compensation of employees........................................
49
Taxes on production and imports less subsidies............
Gross operating surplus...............................................
bO
Intermediate inputs..........................................................
b1
52
Energy inputs..............................................................
53
Materials inputs...........................................................
54
Purchased-services inputs...........................................
55 Manufacturing....................................................................
56
Value Added................
57
Compensation of employees........................................
Taxes on production and imports less subsidies............
58
by
Gross operating surplus...............................................
60
Intermediate inputs......
61
Energy inputs...........
62
Materials inputs........
.......................................
63
Purchased-services inputs...........................................
64
Durable goods............
6b
Value Added................................................................
66
Compensation of employees.....................................
6/
Taxes on production and imports less subsidies........
68
Gross operating surplus...........................................
69
Intermediate inputs...............
70
Energy inputs...................
71
Materials inputs................
72
Purchased-services inputs.
n
Nondurable goods..................
74
Value Added........................
/b
Compensation of employees.....................................
76
Taxes on production and imports less subsidies........
77
Gross operating surplus....
/8
Intermediate inputs.......................................................
79
Energy inputs...........................................................
80
Materials inputs........................................................
81
Purchased-services inputs.......................................
82 Wholesale trade.............
83
84
Compensation of employees........................................
85
Taxes on production and imports less subsidies............
86
Gross operating surplus...............................................
87
Intermediate inputs.......
88
Energy inputs..............................................................
89
Materials inputs...........................................................
90
Purchased-services inputs...........................................
91 Retail trade.....................
92
Value Added....................................................................
93
Compensation of employees.........................................
94
Taxes on production and imports less subsidies............
9b
Gross operating surplus...............................................
96
Intermediate inputs.......
97
Energy inputs..........
98
Materials inputs...........................................................
99
Purchased-services inputs...........................................
2001
18,403.2
10,128.0
5,947.2
673.3
3,507.4
8,275.3
361.0
3,344.7
4,569.5
16,384.1
8,869.7
4,882.4
684.4
3,302.8
7,514.4
293.1
3,136.6
4,084.7
258.7
97.9
36.1
-12.7
74.5
160.8
10.8
100.2
49.8
224.4
118.7
38.8
14.2
65.7
105.7
8.7
49.0
48.0
343.4
202.3
48.4
25.8
128.1
141.1
37.2
77.9
26.0
899.8
469.5
327.6
5.3
136.7
430.2
9.5
299.1
121.7
3,896.4
1,341.3
876.8
41.7
422.8
2,555.1
64.1
1,830.1
660.9
2,128.8
778.9
584.2
14.0
180.7
1,349.9
23.4
976.3
350.2
1,767.7
562.5
292.6
27.7
242.1
1,205.2
40.7
853.8
310.8
851.3
607.1
334.1
135.3
137.7
244.2
8.8
49.3
186.1
1,021.0
691.6
410.5
142.5
138.5
329.5
17.3
63.0
249.1
2002
2003
18,788.4
10,469.6
6,096.6
724.4
3,648.6
8,318.8
352.5
3,288.4
4,677.8
16,632.9
9,131.2
4,957.6
737.5
3,436.1
7,501.8
288.9
3,069.6
4,143.3
249.8
95.4
36.4
-3.8
62.8
154.3
10.7
96.5
47.2
200.2
106.5
37.7
12.7
56.1
93.6
7.5
42.8
43.4
328.0
207.3
51.2
34.7
121.4
120.7
37.6
60.7
22.3
906.9
482.3
332.7
5.7
143.8
424.6
8.7
292.1
123.8
3,849.7
1,352.6
874.3
44.4
434.0
2,497.1
58.2
1,785.2
653.7
2,084.5
774.8
570.8
14.7
189.2
1,309.8
21.6
944.3
343.8
1,765.2
577.9
303.5
29.7
244.7
1,187.3
36.5
840.9
309.9
874.0
615.4
333.4
137.9
144.1
258.6
8.3
50.2
200.1
1,080.4
719.6
422.3
147.0
150.3
360.8
17.7
70.1
272.9
19,732.1
10,971.2
6,326.7
754.8
3,889.8
8,760.9
371.7
3,447.9
4,941.3
17,424.5
9,556.8
5,118.0
768.7
3,670.0
7,867.7
304.8
3,208.3
4,354.7
278.4
114.2
36.1
-7.6
85.7
164.2
10.0
104.6
49.6
259.5
142.3
38.8
14.6
88.9
117.2
11.2
54.4
51.5
352.6
222.6
52.8
37.3
132.5
130.0
36.7
77.4
15.9
959.0
501.0
337.2
6.2
157.5
458.0
8.9
314.9
134.2
3,919.5
1,369.2
899.0
45.4
424.8
2,550.3
60.6
1,830.1
659.6
2,103.0
785.5
590.5
15.4
179.7
1,317.5
23.1
937.8
356.6
1,816.5
583.7
308.5
30.0
245.2
1,232.8
37.5
892.3
303.0
900.6
633.0
344.9
144.0
144.0
267.6
9.0
52.7
205.9
1,150.8
751.0
433.1
154.5
163.3
399.8
20.5
76.8
302.5
2004
Line
21,346.0
11,734.3
6,693.4
809.4
4,231.5
9,611.8
436.7
3,877.6
5,297.5
18,895.2
10,251.0
5,421.5
824.0
4,005.4
8,644.2
355.0
3,618.0
4,671.1
319.0
141.6
39.3
-4.3
106.6
177.4
11.2
113.7
52.5
306.2
171.9
43.5
16.3
112.2
134.4
13.9
64.6
55.9
368.5
235.3
55.4
39.0
140.8
133.2
38.1
81.9
13.3
1,050.5
549.5
360.1
6.8
182.6
501.0
10.8
351.5
138.7
4,311.6
1,420.1
915.2
47.6
457.3
2,891.5
70.1
2,106.4
715.0
2,304.2
824.1
600.5
16.4
207.2
1,480.1
25.3
1,072.1
382.8
2,007.4
596.1
314.7
31.2
250.1
1,411.4
44.8
1,034.4
332.2
1,023.0
694.7
367.9
152.5
174.4
328.3
12.0
66.1
250.2
1,231.4
790.4
451.5
164.8
174.0
441.0
24.4
83.8
332.8
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
1?fi
1?7
i?a
129
130
131
132
133
134
13b
13b
137
138
139
140
141
14?
143
144
145
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Transportation and warehousing.......................................
Value Added....................................................................
Compensation of employees.........................................
Taxes on production and imports less subsidies............
Gross operating surplus...............................................
Intermediate inputs..........................................................
Energy inputs.......
Materials inputs....
Purchased-services inputs...........................................
Information.................
Value Added............
....................
Compensation of employees.........................................
Taxes on production and imports less subsidies............
Gross operating surplus...........................
Intermediate inputs.......................................
Energy inputs..........................................
Materials inputs.......................................
Purchased-services inputs.......................
Finance, insurance, real estate, rental, and leasing..........
Value Added................................................
Compensation of employees.....................
Taxes on production and imports less subsidies............
Gross operating surplus...........................
Intermediate inputs...........................................................
Energy inputs
Materials inputs
Purchased-services inputs...........................................
Professional and business services..................................
Value Added............
Compensation of employees.........................................
Taxes on production and imports less subsidies............
Gross operating surplus...............................................
Intermediate inputs...........................................................
Energy inputs..............................................................
Materials inputs...........................................................
Purchased-services inputs...........................................
Educational services, health care, and social assistance
Value Added....................................................................
Compensation of employees.........................................
Taxes on production and imports less subsidies............
Materials inputs....
Purchased-services inputs...........................................
Arts, entertainment, recreation, accommodation, and food
14R
Value Added....................................................................
147
Compensation of employees.........................................
148
Taxes on production and imports less subsidies............
149
150
151
........
Energy inputs......
15?
Materials inputs....
........
153
Purchased-services inputs...........................................
154 Other services, except government...................................
155
156
Compensation of employees.........................................
157
Taxes on production and imports less subsidies............
158
Gross operating surplus...............................................
159
Intermediate inputs...........................................................
160
Energy inputs......
161
Materials inputs....
16?
Purchased-services inputs...........................................
163 Government....................
164 Value Added.................
165
Compensation of employees............................................
166
Taxes on production and imports less subsidies................
167
Gross operating surplus...................................................
168 Intermediate inputs......
169
Energy inputs......
170
Materials inputs....
171
Purchased-services inputs...........................................
17?
173
174
175
176
177
178
1/9
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
19b
196
19/
198
Private goods-producing industries1.................................
Value Added....................................................................
Compensation of employees........................................
Taxes on production and imports less subsidies............
Gross operating surplus...............................................
Intermediate inputs...........................................................
Energy inputs
.......
Materials inputs...........................................................
Purchased-services inputs...........................................
Private services-producing industries2.............................
Value Added....................................................................
Compensation of employees........................................
Taxes on production and imports less subsidies............
Gross operating surplus...............................................
Intermediate inputs...........................................................
Energy inputs..............................................................
Materials inputs...........................................................
Purchased-services inputs...........................................
Information-communications-technology-producing
industries3......................................................................
Value Added.............................................................. .....
Compensation of employees.........................................
Taxes on production and imports less subsidies............
Gross operating surplus...............................................
Intermediate inputs..........................................................
Energy inputs......
........
Materials inputs....
........
Purchased-services inputs...........................................
2001
2002
2003
2004
571.4
296.9
203.5
9.9
83.6
274.5
41.6
40.3
192.6
1,000.6
476.9
244.4
37.1
195.5
523.6
3.5
94.6
425.5
3,137.1
2,059.2
518.3
196.6
1,344.3
1,077.9
36.5
99.5
941.8
1,877.0
1,165.9
856.5
22.2
287.1
711.2
22.2
105.2
583.8
1,201.9
739.3
594.3
8.9
136.0
462.5
11.8
124.2
326.6
576.1
304.6
204.1
15.8
84.6
271.5
43.8
38.3
189.4
1,011.9
483.0
227.9
37.9
217.1
528.9
3.4
87.3
438.2
3,198.6
2,141.9
532.1
213.0
1,396.8
1,056.8
37.0
102.2
917.6
1,916.4
1,189.0
851.5
23.0
314.5
727.5
22.4
105.8
599.3
1,296.9
799.6
639.3
9.6
150.6
497.3
12.8
130.4
354.1
596.6
321.6
206.0
14.1
101.4
275.0
44.1
39.4
191.5
1,039.4
491.8
225.1
38.7
227.9
547.6
3.6
85.6
458.4
3,377.8
2,260.4
558.7
224.4
1,477.3
1,117.3
39.5
107.7
970.2
2,007.0
1,235.9
871.8
23.8
340.3
771.1
24.2
107.6
639.3
1,384.3
850.6
681.3
10.1
159.2
533.7
13.8
138.3
381.6
640.4
332.9
219.8
17.1
96.0
307.5
60.1
43.1
204.3
1,107.0
538.7
234.1
40.4
264.2
568.3
3.8
90.3
474.2
3,620.0
2,412.9
605.4
240.5
1,567.0
1,207.1
41.7
121.8
1,043.6
2,163.8
1,351.9
944.6
25.3
382.0
812.0
27.8
114.0
670.2
1,473.6
909.0
727.1
10.7
171.2
564.6
15.5
144.6
404.5
655.1
361.5
227.6
41.6
92.4
293.6
14.4
124.8
154.3
445.9
241.5
165.6
16.0
59.9
204.5
6.6
79.4
118.4
2,019.2
1,258.3
1,064.8
-11.0
204.5
760.8
67.9
208.1
484.8
683.8
381.5
237.7
42.9
100.9
302.3
14.3
126.2
161.8
460.2
252.5
176.7
16.8
59.0
207.7
6.6
81.7
119.4
2,155.5
1,338.4
1,139.0
-13.1
212.5
817.0
63.7
218.8
534.6
720.7
398.8
248.4
45.4
105.0
322.0
15.9
135.3
170.7
478.4
264.3
184.7
17.5
62.1
214.1
7.0
83.3
123.8
2,307.6
1 414.5
1,208.6
-13.9
219.8
893.1
66.9
239.7
586.6
778.4
424.3
263.7
48.5
112.1
354.1
18.1
147.6
188.4
501.7
277.7
194.0
18.7
65.1
224.0
7.6
88.5
127.8
2,450.8
1,483.3
1,271.9
-14.7
226.1
967.5
81.6
259.5
626.4
5,279.4
2,027.5
1,279.3
48.5
699.7
3,251.9
93.1
2,278.3
880.4
11,104.7
6,842.2
3.603.1
635.9
2.603.1
4,262.5
200.0
858.3
3,204.3
5,206.5
2,036.9
1,281.2
58.9
696.8
3,169.7
85.1
2,216.5
868.0
11,426.4
7,094.3
3.676.4
678.6
2.739.4
4,332.1
203.8
853.0
3,275.3
5,416.3
2,126.7
1,311.1
58.7
756.9
3,289.6
90.7
2,304.0
894.9
12,008.1
7,430.0
3,806.9
710.0
2.913.1
4.578.1
214.1
904.2
3,459.8
5,987.3
2,283.1
1,358.1
66.4
858.6
3,704.2
105.9
2,636.3
962.0
12,907.9
7,967.9
4,063.5
757.6
3,146.8
4,940.0
249.1
981.8
3,709.2
926.5
424.2
364.1
7.9
52.2
502.4
4.8
214.4
283.1
856.0
416.6
330.2
8.2
78.3
439.4
4.2
175.1
260.1
860.6
420.9
323.5
8.4
89.0
439.8
4.4
168.7
266.7
926.8
445.2
339.1
9.0
97.1
481.7
4.9
192.6
284.1
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Decem ber 2005
Survey
of
C urrent B usiness
65
Table 20. Shares of Gross Output by Industry Group, 2001-2004
[Percent]
Line
1
All Industries.................................................................
2
Value Added...............................................................
3
Compensation of employees....................................
4
Taxes on production and imports less subsidies.......
5
Gross operating surplus..........................................
6
Intermediate inputs
7
Energy inputs...
8
Materials inputs
9
Purchased-services inputs......................................
1(1 Private industries...........
11 Value Added................
12
Compensation of employees............................................
13
Taxes on production and imports less subsidies................
14
Gross operating surplus...................................................
15 Intermediate inputs..............................................................
16
Energy inputs..................................................................
17
Materials inputs...............................................................
18
Purchased-services inputs...............
19 Agriculture, forestry, fishing, and hunting........................
20
Value Added....................................
21
Compensation of employees.......
22
Taxes on production and imports less subsidies...........
23
Gross operating surplus..............................................
24
Intermediate inputs.........................................................
25
Energy inputs..............................................................
26
Materials inputs..........................................................
27
Purchased-services inputs..........................................
28 Mining................................................................................
?9
Value Added....................................................................
30
Compensation of employees.......................................
31
Taxes on production and imports less subsidies...........
32
Gross operating surplus..............................................
Intermediate inputs...
33
34
Energy inputs......
35
Materials inputs....
36
Purchased-services inputs..........................................
37 Utilities.......................
38
Value Added............
39
Compensation of employees.......................................
40
Taxes on production and imports less subsidies...........
41
Gross operating surplus..............................................
42
Intermediate inputs.........................................................
43
Energy inputs.......
44
Materials inputs....
4b
Purchased-services inputs..........................................
46 Construction..............
47
Value Added............
48
Compensation of employees.......................................
49
Taxes on production and imports less subsidies...........
50
Gross operating surplus..............................................
Intermediate inputs.........................................................
51
52
Energy inputs.......
53
Materials inputs....
54
Purchased-services inputs..........................................
55 Manufacturing............
5fi
Value Added....................................................................
57
Compensation of employees.......................................
58
Taxes on production and imports less subsidies...........
59
Gross operating surplus..............................................
60
Intermediate inputs.........................................................
61
Energy inputs..............................................................
6?
Materials inputs..........................................................
63
Purchased-services inputs..........................................
64
Durable goods
65
66
Compensation of employees....................................
Taxes on production and imports less subsidies
67
68
Gross operating surplus..........................................
fif)
Intermediate inputs......................................................
70
71
Materials inputs
72
73
Nondurable goods..
74
Value Added.......
Compensation of employees....................................
75
76
Taxes on production and imports less subsidies
77
Gross operating surplus..........................................
78
Intermediate inputs......................................................
79
Energy inputs...
80
Materials inputs
Purchased-services inputs.......................................
81
82 Wholesale trade.........
83
Value Added............
84
Compensation of employees.......................................
8b
Taxes on production and imports less subsidies...........
86
Gross operating surplus..............................................
8/
Intermediate inputs.........................................................
88
Energy inputs......
89
Materials inputs...
Purchased-services inputs..........................................
90
91 Retail trade.................
92
Value Added...........
Compensation of employees.......................................
93
94
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
9b
96
Intermediate inputs.........................................................
97
Energy inputs..............................................................
98
Materials inputs..........................................................
99
Purchased-services inputs..........................................
2001
100.0
55.0
32.3
3.7
19.1
45.0
2.0
18.2
24.8
100.0
54.1
29.8
4.2
20.2
45.9
1.8
19.1
24.9
100.0
37.8
14.0
-4.9
28.8
62.2
4.2
38.7
19.2
100.0
52.9
17.3
6.3
29.3
47.1
3.9
21.8
21.4
100.0
58.9
14.1
7.5
37.3
41.1
10.8
22.7
7.6
100.0
52.2
36.4
0.6
15.2
47.8
1.1
33.2
13.5
100.0
34.4
22.5
1.1
10.9
65.6
1.6
47.0
17.0
100.0
36.6
27.4
0.7
8.5
63.4
1.1
45.9
16.4
100.0
31.8
16.6
1.6
13.7
68.2
2.3
48.3
17.6
100.0
71.3
39.2
15.9
16.2
28.7
1.0
5.8
21.9
100.0
67.7
40.2
14.0
13.6
32.3
1.7
6.2
24.4
2002
100.0
55.7
32.4
3.9
19.4
44.3
1.9
17.5
24.9
100.0
54.9
29.8
4.4
20.7
45.1
1.7
18.5
24.9
100.0
38.2
14.6
-1.5
25.2
61.8
4.3
38.6
18.9
100.0
53.2
18.9
6.3
28.0
46.8
3.7
21.4
21.7
100.0
63.2
15.6
10.6
37.0
36.8
11.5
18.5
6.8
100.0
53.2
36.7
0.6
15.9
46.8
1.0
32.2
13.6
100.0
35.1
22.7
1.2
11.3
64.9
1.5
46.4
17.0
100.0
37.2
27.4
0.7
9.1
62.8
1.0
45.3
16.5
100.0
32.7
17.2
1.7
13.9
67.3
2.1
47.6
17.6
100.0
70.4
38.1
15.8
16.5
29.6
0.9
5.7
22.9
100.0
66.6
39.1
13.6
13.9
33.4
1.6
6.5
25.3
2003
100.0
55.6
32.1
3.8
19.7
44.4
1.9
17.5
25.0
100.0
54.8
29.4
4.4
21.1
45.2
1.7
18.4
25.0
100.0
41.0
13.0
-2.7
30.8
59.0
3.6
37.6
17.8
100.0
54.9
15.0
5.6
34.3
45.1
4.3
21.0
19.9
100.0
63.1
15.0
10.6
37.6
36.9
10.4
22.0
4.5
100.0
52.2
35.2
0.6
16.4
47.8
0.9
32.8
14.0
100.0
34.9
22.9
1.2
10.8
65.1
1.5
46.7
16.8
100.0
37.4
28.1
0.7
8.5
62.6
1.1
44.6
17.0
100.0
32.1
17.0
1.7
13.5
67.9
2.1
49.1
16.7
100.0
70.3
38.3
16.0
16.0
29.7
1.0
5.9
22.9
100.0
65.3
37.6
13.4
14.2
34.7
1.8
6.7
26.3
2004
100.0
55.0
31.4
3.8
19.8
45.0
2.0
18.2
24.8
100.0
54.3
28.7
4.4
21.2
45.7
1.9
19.1
24.7
100.0
44.4
12.3
-1.3
33.4
55.6
3.5
35.7
16.4
100.0
56.1
14.2
5.3
36.6
43.9
4.5
21.1
18.2
100.0
63.8
15.0
10.6
38.2
36.2
10.3
22.2
3.6
100.0
52.3
34.3
0.7
17.4
47.7
1.0
33.5
13.2
100.0
32.9
21.2
1.1
10.6
67.1
1.6
48.9
16.6
100.0
35.8
26.1
0.7
9.0
64.2
1.1
46.5
16.6
100.0
29.7
15.7
1.6
12.5
70.3
2.2
51.5
16.5
100.0
67.9
36.0
14.9
17.0
32.1
1.2
6.5
24.5
100.0
64.2
36.7
13.4
14.1
35.8
2.0
6.8
27.0
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis-
Line
100
101
102
103
104
10b
106
10/
108
109
110
111
112
113
114
115
11fi
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
1bb
1bb
1b/
1b8
1by
160
161
162
163
164
165
16b
167
168
169
l/U
1/1
172
173
174
175
176
177
178
179
180
181
18?
183
184
185
1BB
187
188
189
190
191
192
193
194
195
196
19/
198
2001
Transportation and warehousing.......................................
Value Added....................................................................
Compensation of employees........................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs..............................................................
Materials inputs..........................................................
Purchased-services inputs..........................................
Information.............
Value Added....................................................................
Compensation of employees.......................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs....
Purchased-services inputs..........................................
Finance, insurance, real estate, rental, and leasing.........
Value Added........
Compensation of employees.......................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs....
Materials inputs
Purchased-services inputs..........................................
Professional and business services..................................
Value Added....................................................................
Compensation of employees.......................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs....
Materials inputs..........................................................
Purchased-services inputs..........................................
Educational services, health care, and social assistance
Compensation of employees........................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs....
Materials inputs
Purchased-services inputs..........................................
Arts, entertainment, recreation, accommodation, and food
services..........................................................................
Value Added....................................................................
Compensation of employees.......................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........
Energy inputs..............
Materials inputs..........
Purchased-services inputs..........................................
Other services, except government...................................
Value Added....................
Compensation of employees.......................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........
Energy inputs..............
Materials inputs..........
Purchased-services inputs..........................................
Government...........................
Value Added.......................
Compensation of employees............................................
Taxes on production and imports less subsidies................
Gross operating surplus...................................................
Intermediate inputs..............................................................
Energy inputs..............................................................
Materials inputs..........................................................
Purchased-services inputs..........................................
Private goods-producing industries'................................
Value Added....................................................................
Compensation of employees........................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs...
Materials inputs
....................................
Purchased-services inputs..........................................
Private services-producing industries2
Value Added...............................
Compensation of employees....
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........................................................
Energy inputs...
Materials inputs
Purchased-services inputs..........................................
Information-commumcations-technology-producing
industries3.....................................................................
Value Added....................
Compensation of employees........................................
Taxes on production and imports less subsidies...........
Gross operating surplus..............................................
Intermediate inputs.........
Energy inputs..............
Materials inputs..........
Purchased-services inputs..........................................
2002
2003
2004
100.0
52.0
35.6
1.7
14.6
48.0
7.3
7.1
33.7
100.0
47.7
24.4
3.7
19.5
52.3
0.4
9.5
42.5
100.0
65.6
16.5
6.3
42.9
34.4
1.2
3.2
30.0
100.0
62.1
45.6
1.2
15.3
37.9
1.2
5.6
31.1
100.0
61.5
49.5
0.7
11.3
38.5
1.0
10.3
27.2
100.0
52.9
35.4
2.7
14.7
47.1
7.6
6.7
32.9
100.0
47.7
22.5
3.7
21.5
52.3
0.3
8.6
43.3
100.0
67.0
16.6
6.7
43.7
33.0
1.2
3.2
28.7
100.0
62.0
44.4
1.2
16.4
38.0
1.2
5.5
31.3
100.0
61.7
49.3
0.7
11.6
38.3
1.0
10.1
27.3
100.0
53.9
34.5
2.4
17.0
46.1
7.4
6.6
32.1
100.0
47.3
21.7
3.7
21.9
52.7
0.3
8.2
44.1
100.0
66.9
16.5
6.6
43.7
33.1
1.2
3.2
28.7
100.0
61.6
43.4
1.2
17.0
38.4
1.2
5.4
31.9
100.0
61.4
49.2
0.7
11.5
38.6
1.0
10.0
27.6
100.0
52.0
34.3
2.7
15.0
48.0
9.4
6.7
31.9
100.0
48.7
21.1
3.7
23.9
51.3
0.3
8.2
42.8
100.0
66.7
16.7
6.6
43.3
33.3
1.2
3.4
28.8
100.0
62.5
43.7
1.2
17.7
37.5
1.3
5.3
31.0
100.0
61.7
49.3
0.7
11.6
38.3
1.1
9.8
27.4
100.0
55.2
34.7
6.3
14.1
44.8
2.2
19.1
23.6
100.0
54.1
37.1
3.6
13.4
45.9
1.5
17.8
26.6
100.0
62.3
52.7
-0.5
10.1
37.7
3.4
10.3
24.0
100.0
55.8
34.8
6.3
14.8
44.2
2.1
18.5
23.7
100.0
54.9
38.4
3.6
12.8
45.1
1.4
17.8
26.0
100.0
62.1
52.8
-0.6
9.9
37.9
3.0
10.2
24.8
100.0
55.3
34.5
6.3
14.6
44.7
2.2
18.8
23.7
100.0
55.3
38.6
3.7
13.0
44.7
1.5
17.4
25.9
100.0
61.3
52.4
-0.6
9.5
38.7
2.9
10.4
25.4
100.0
54.5
33.9
6.2
14.4
45.5
2.3
19.0
24.2
100.0
55.4
38.7
3.7
13.0
44.6
1.5
17.6
25.5
100.0
60.5
51.9
-0.6
9.2
39.5
3.3
10.6
25.6
100.0
38.4
24.2
0.9
13.3
61.6
1.8
43.2
16.7
100.0
61.6
32.4
5.7
23.4
38.4
1.8
7.7
28.9
100.0
39.1
24.6
1.1
13.4
60.9
1.6
42.6
16.7
100.0
62.1
32.2
5.9
24.0
37.9
1.8
7.5
28.7
100.0
39.3
24.2
1.1
14.0
60.7
1.7
42.5
16.5
100.0
61.9
31.7
5.9
24.3
38.1
1.8
7.5
28.8
100.0
38.1
22.7
1.1
14.3
61.9
1.8
44.0
16.1
100.0
61.7
31.5
5.9
24.4
38.3
1.9
7.6
28.7
100.0
45.8
39.3
0.8
5.6
54.2
0.5
23.1
30.6
100.0
48.7
38.6
1.0
9.1
51.3
0.5
20.5
30.4
100.0
48.9
37.6
1.0
10.3
51.1
0.5
19.6
31.0
100.0
48.0
36.6
1.0
10.5
52.0
0.5
20.8
30.7
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
66
Annual Industry Accounts
December 2005
Table 21. Contributions to Percent Changes in Chain-Type Price Indexes for Gross Output by Industry Group, 2001-2004
Line
1
All In d u s trie s .........................................................................
2
Value Added..............................................................
3
Intermediate inputs...................................................
4
Energy inputs........................................................
5
Materials inputs.....................................................
fi
Purchased-services inputs....................................
7 Private in d u s trie s ...........................................................................
8 Value Added......................................................................
y Intermediate inputs............................................................
10
Energy inputs................................................................
11
Materials inputs.............................................................
12
Purchased-services inputs............................................
13 Agriculture, forestry, fishing, and h untin g.......................
14
Value Added..................................................................
15
Intermediate inputs........................................................
16
Energy inputs............................................................
17
Materials inputs.........................................................
18
Purchased-services inputs........................................
19 M inin g.............................................................................................
20
Value Added..................................................................
21
Intermediate inputs........................................................
22
Energy inputs............................................................
23
Materials inputs.........................................................
24
Purchased-services inputs........................................
2b U tilitie s ..........................................................................................
26
Value Added..................................................................
2/
Intermediate inputs........................................................
28
Energy inputs............................................................
29
Materials inputs.........................................................
30
Purchased-services inputs........................................
31 C o n stru ctio n ...............................................................................
3?
Value Added..................................................................
33
Intermediate inputs........................................................
34
Energy inputs............................................................
35
Materials inputs.........................................................
36
Purchased-services inputs........................................
M anu facturing.............................................................................
3/
38
Value Added..................................................................
39
Intermediate inputs........................................................
40
Energy inputs............................................................
41
Materials inputs.........................................................
4?
Purchased-services inputs........................................
43
Durable g o o d s .......................................................................
44
45
Intermediate inputs...................................................
46
Energy inputs........................................................
47
Materials inputs.....................................................
4b
Purchased-services inputs....................................
49
Nondurable g o o d s ...............................................................
50
Value Added..............................................................
61
Intermediate inputs...................................................
52
Energy inputs........................................................
53
Materials inputs.....................................................
54
Purchased-services inputs....................................
55 W holesale tra d e ..........................................................................
5fi
Value Added..................................................................
57
Intermediate inputs........................................................
58
Energy inputs............................................................
59
Materials inputs.........................................................
60
Purchased-services inputs........................................
61
Retail tra d e ...................................................................................
62
Value Added..................................................................
63
Intermediate inputs........................................................
64
Energy inputs............................................................
6b
Materials inputs.........................................................
66
Purchased-services inputs........................................
2001
2002
2003
2004
1.2
1.1
2.7
3.6
1.22
0.02
0.05
-0.24
0.21
1.04
0.02
-0.11
-0.20
0.33
1.21
1.51
0.25
0.74
0.53
1.48
2.12
0.21
1.19
0.72
1.0
0.8
2.5
3.6
1.09
-0.05
0.06
-0.28
0.17
0.81
-0.01
-0.11
-0.22
0.32
1.02
1.51
0.22
0.79
0.49
1.37
2.19
0.18
1.30
0.71
3.1
-3 .9
7.8
12.5
2.49
0.65
-0.01
0.25
0.41
-2.93
-0.98
-0.21
-0.59
-0.19
4.38
3.42
0.48
2.48
0.46
8.98
3.54
0.46
2.45
0.63
1.8
-4 .4
26.1
14.7
1.81
-0.05
-0.01
0.02
-0.05
-2.24
-2.12
-0.29
-1.15
-0.68
18.52
7.60
1.03
3.76
2.82
9.90
4.79
0.56
2.42
1.81
9.2
-5 .3
9.0
5.7
7.22
1.93
0.50
1.23
0.20
-1.03
-4.27
-0.75
-3.72
0.20
-0.25
9.24
2.02
7.11
0.11
2.89
2.84
0.74
1.99
0.10
4.1
2.7
3.8
6.0
3.81
0.26
-0.01
0.00
0.27
2.49
0.25
-0.07
0.01
0.31
2.76
1.00
0.16
0.57
0.27
3.65
2.37
0.16
1.87
0.33
-1.1
-0 .9
2.3
4.6
-0.14
-0.95
0.12
-1.21
0.14
-0.66
-0.24
-0.13
-0.34
0.23
-0.23
2.55
0.19
2.00
0.35
-0.36
4.99
0.13
4.14
0.71
-2 .5
-0 .9
- 0 .2
3.0
-1.61
-0.87
0.08
-1.10
0.15
-0.82
-0.11
-0.07
-0.23
0.20
-1.05
0.84
0.11
0.44
0.29
-0.50
3.53
0.08
2.85
0.60
0.7
-0 .9
5.4
6.5
1.71
-1.05
0.17
-1.33
0.12
-0.46
-0.39
-0.19
-0.46
0.27
0.75
4.60
0.28
3.88
0.43
-0.20
6.70
0.19
5.67
0.84
-2 .9
0.4
1.0
4.5
-2.93
0.06
0.04
-0.13
0.15
0.27
0.12
-0.06
-0.11
0.29
0.43
0.57
0.11
0.07
0.38
3.41
1.08
0.11
0.20
0.78
-1 .4
1.5
1.2
0.7
-1.61
0.22
0.06
-0.03
0.19
1.23
0.30
-0.06
-0.03
0.39
0.50
0.70
0.15
0.06
0.50
-0.69
1.38
0.16
0.18
1.03
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
Line
2001
2002
2003
2004
67
68
69
/O
/1
/2
/3
74
75
76
77
78
79
80
81
82
83
84
85
Rfi
87
88
89
90
91
Transportation and w are h o u sin g........................................
0.5
-0.1
3.3
2.4
Value Added..................................................................
Intermediate inputs.............
Energy inputs..................
Materials inputs..............
Purchased-services inputs........................................
0.57
-0.05
-0.54
0.06
0.43
0.17
-0.30
-0.41
-0.10
0.21
1.01
2.27
1.13
0.30
0.85
-0.27
2.67
1.53
0.25
0.89
Educational services, health care, and social
a s s is ta n c e ...............................................................................
3.8
2.6
3.0
3.3
9?
93
94
95
96
97
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs.............................................................
Materials inputs.........................................................
Purchased-services inputs........................................
3.41
0.42
0.05
0.10
0.26
2.32
0.28
-0.05
0.01
0.32
2.15
0.84
0.09
0.25
0.51
2.20
1.10
0.09
0.33
0.68
In fo rm atio n .................................
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs.............................................................
Materials inputs.........................................................
Purchased-services inputs........................................
1?9
130
131
132
133
-0 .2
0.2
-0 .6
-0.41
0.21
-0.01
-0.17
0.40
-0.39
0.63
0.02
-0.02
0.63
-1.39
0.74
0.02
0.13
0.58
Finance, insurance, real estate, rental, and leas in g .....
1.6
2.4
2.1
2.9
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs.............................................................
Materials inputs.........................................................
Purchased-services inputs........................................
1.71
-0.09
0.09
0.00
-0.19
2.04
0.35
-0.07
0.00
0.42
1.35
0.71
0.10
0.07
0.54
1.89
1.03
0.07
0.16
0.80
Professional and business s e rv ic e s ..................................
2.2
1.6
1.1
2.5
Value Added.
Intermediate inputs........................................................
Energy inputs.............................................................
Materials inputs.........................................................
Purchased-services inputs........................................
1.79
0.40
0.04
-0.06
0.42
1.33
0.31
-0.06
-0.06
0.43
0.43
0.69
0.14
0.03
0.51
1.71
0.80
0.11
0.11
0.59
Arts, entertainm ent, recreation, accom m odation, and
food services...........................................................................
98
Value Added..................................................................
yy
Intermediate inputs........................................................
100
Energy inputs..................
101
Materials inputs..............
10?
Purchased-services inputs
103 O ther services, except go ve rn m en t....................................
104
Value Added.......................
105
Intermediate inputs.............
Energy inputs..................
106
10/
Materials inputs.........................................................
108
Purchased-services inputs........................................
ioy G overnm ent.........
110 Value Added
111
Intermediate inputs............................................................
112
Energy inputs.............................................................
113
Materials inputs.........................................................
114
Purchased-services inputs........................................
115
Purchased-services inputs........................................
116
117
118
119
120
121
122
123
124
12b
126
127
128
0.1
0.02
0.09
0.02
-0.22
0.29
3.1
2.2
2.2
3.4
2.18
0.93
0.16
0.28
0.49
2.06
0.14
-0.12
-0.18
0.44
0.86
1.32
0.19
0.67
0.46
1.79
1.58
0.15
0.80
0.63
4.2
2.8
2.6
3.1
3.81
0.43
0.10
-0.08
0.41
2.29
0.47
-0.09
0.02
0.54
1.92
0.68
0.15
0.07
0.46
2.10
1.03
0.12
0.28
0.63
3.0
3.1
4.2
3.9
2.38
0.64
-0.06
0.13
0.58
-0.19
2.86
0.23
-0.12
-0.05
0.40
0.42
2.69
1.54
0.47
0.30
0.77
0.54
2.35
1.57
0.42
0.36
0.79
0.80
Adden da..............................................................................................
Private goods-producing in d u s tries1.................................
0.1
-0 .6
3.8
5.8
Value Added............
Intermediate inputs..,
Energy inputs.......
Materials inputs...,
Purchased-services inputs........................................
0.70
-0.64
0.09
-0.89
0.16
-0.30
-0.27
-0.13
-0.32
0.18
1.25
2.52
0.23
1.85
0.44
1.31
4.44
0.18
3.58
0.69
Private services-producing in d u s tries2............................
1.5
1.5
2.0
2.6
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs.............................................................
Materials inputs.........................................................
Purchased-services inputs........................................
1.28
0.24
0.05
0.02
0.17
1.34
0.12
-0.10
-0.17
0.38
0.91
1.06
0.22
0.32
0.52
1.40
1.18
0.19
0.27
0.72
Inform ation-com m unications-technology-producing
in dustries3...............................................................................
-5 .2
-2 .2
-2 .7
-2 .5
Value Added.
Intermediate inputs........................................................
Energy inputs.............................................................
Materials inputs.........................................................
Purchased-services inputs........................................
-4.09
-1.08
0.04
-1.33
0.21
-1.77
-0.43
-0.02
-0.57
0.16
-2.63
-0.08
0.04
-0.38
0.26
-3.12
0.61
0.03
-0.03
0.60
processing services; and computer systems design and related services.
N ote . The percent changes for each industry group are shown in bold. Below each industry group, the percentage
point contributions of value added and of intermediate inputs to the percent change are shown; the percentage point
contributions of the components of intermediate inputs are also shown.
Decem ber 2005
Survey
of
C urrent B usiness
67
Table 22. Contributions to Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry Group, 2001-2004
Line
1
All In d u s trie s .........................................................................
2
Value Added..............................................................
3
Intermediate inputs...................................................
4
Energy inputs........................................................
5
Materials inputs.....................................................
Purchased-services inputs....................................
6
7 Private in d u s trie s .........................
8 Value Added............................
9 Intermediate inputs................
10
Energy inputs................................................................
11
Materials inputs.............................................................
12
Purchased-services inputs............................................
13 Agriculture, forestry, fishing, and huntin g......................
14
Value Added..................................................................
15
Intermediate inputs.......................................................
16
Energy inputs.................
17
Materials inputs..............
18
Purchased-services inputs
19 M in in g ...........................................
20
Value Added..................................................................
21
Intermediate inputs.
22
Energy inputs.....
23
Materials inputs...
24
Purchased-services inputs........................................
?5 U tilitie s ..........................................................................................
?6
Value Added
?7
Intermediate inputs.......................................................
28
Energy inputs............................................................
29
Materials inputs.........................................................
30
Purchased-services inputs........................................
31 C onstruction..
32
Value Added..................................................................
33
Intermediate inputs.......................................................
34
Energy inputs............................................................
3b
Materials inputs.........................................................
36
Purchased-services inputs........................................
37 M anufacturing
Value Added
38
39
Intermediate inputs.......................................................
40
Energy inputs............................................................
41
Materials inputs.........................................................
42
Purchased-services inputs........................................
43
D urable goods
44
Value Added..............................................................
45
Intermediate inputs...................................................
46
Energy inputs........................................................
47
Materials inputs.....................................................
48
Purchased-services inputs....................................
49
Nondurable g o o d s ...............................................................
50
Value Added..............................................................
b1
Intermediate inputs...................................................
b2
Energy inputs........................................................
53
Materials inputs.....................................................
54
Purchased-services inputs....................................
55 W holesale trad e.........................................................................
56
Value Added
57
Intermediate inputs.......................................................
58
Energy inputs............................................................
59
Materials inputs.........................................................
Purchased-services inputs........................................
60
61
Retail tra d e .....
62
Value Added
Intermediate inputs.......................................................
63
64
Energy inputs............................................................
65
Materials inputs.........................................................
Purchased-services inputs........................................
66
2001
2002
-0.1
1.0
0.49
-0.54
-0.03
-0.59
0.08
0.81
0.22
0.07
-0.11
0.26
2003
2.2
1.43
0.81
-0.15
0.10
0.86
2004
4.4
2.31
2.11
0.11
0.94
1.05
-0 .4
0.7
2.2
4.7
0.48
-0.92
-0.09
-0.77
-0.06
0.78
-0.07
0.08
-0.19
0.04
1.51
0.67
-0.13
0.03
0.76
2.54
2.17
0.10
1.01
1.07
- 1 .4
0.5
3.4
1.8
-2.48
1.11
0.07
0.56
0.49
2.02
-1.54
0.17
-0.88
-0.84
2.95
0.44
-0.76
0.72
0.48
0.74
1.10
-0.02
0.74
0.38
2.2
-6 .8
2.8
2.9
-3.00
5.18
0.16
1.66
3.36
-3.36
-3.41
-0.27
-1.68
-1.46
-0.82
3.61
0.71
1.77
1.13
1.25
1.65
0.43
1.37
-0.14
- 1 .5
0.9
- 1 .4
-1 .1
-2.96
1.45
-0.25
1.39
0.31
2.56
-1.71
0.89
-1.30
-1.30
4.70
-6.08
-2.20
-1.89
-1.98
0.69
-1.84
-0.33
-0.68
-0.82
0.4
-1 .9
1.9
3.3
0.08
0.28
-0.02
0.59
-0.30
-1.03
-0.86
-0.01
-0.77
-0.07
-0.71
2.62
-0.14
1.90
0.86
1.31
2.01
0.03
1.86
0.12
-5 .0
-0 .3
-0 .5
5.1
-1.94
-3.01
-0.15
-3.00
0.14
0.95
-1.26
-0.03
-0.82
-0.41
0.65
-1.15
-0.13
-0.82
-0.20
1.63
3.51
0.10
2.74
0.67
-6 .2
-1 .2
1.1
6.3
-2.21
-4.04
-0.15
-3.64
-0.25
0.63
-1.78
-0.01
-1.28
-0.49
1.57
-0.48
-0.04
-0.76
0.32
2.31
4.04
0.02
3.40
0.62
-3 .3
0.7
-2 .3
3.8
-1.60
-1.72
-0.16
-2.19
0.63
1.34
-0.63
-0.04
-0.26
-0.32
-0.40
-1.92
-0.22
-0.90
-0.79
0.85
2.91
0.20
1.99
0.72
1.1
2.3
2.0
8.7
4.78
-3.71
-0.03
-1.05
-2.63
0.70
1.57
-0.01
0.22
1.35
1.57
0.45
-0.03
0.21
0.27
3.25
5.48
0.22
1.25
4.01
2.4
4.2
5.2
6.3
4.54
-2.14
-0.12
-0.58
-1.44
1.47
2.74
0.11
0.72
1.91
2.38
2.87
0.10
0.56
2.21
4.12
2.15
0.17
0.42
1.56
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
3. Consists of computer and electronic products; publishing industries (includes software); information and data
Line
2001
2002
2003
2004
67
68
69
m
/1
/2
73
74
75
76
77
78
79
80
81
82
83
84
8b
86
87
88
89
90
91
Transportation and w are h o u sin g ........................................
-4 .1
1.0
0.3
4.8
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs...
Materials inputs.........................................................
Purchased-services inputs........................................
-1.40
-2.73
-0.79
-0.50
-1.44
1.16
-0.21
0.80
-0.24
-0.76
1.91
-1.63
-1.05
-0.11
-0.47
2.15
2.67
1.09
0.37
1.21
Educational services, health care, and social
a s s is ta n c e ...............................................................................
4.3
5.2
3.6
3.1
92
93
94
9b
96
97
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs...
Materials inputs.........................................................
Purchased-services inputs........................................
1.96
2.34
0.05
0.37
1.91
2.60
2.58
0.14
0.50
1.94
1.72
1.92
-0.01
0.35
1.58
1.95
1.10
0.03
0.12
0.95
In fo rm atio n ..............
Value Added.......
Intermediate inputs........................................................
Energy inputs..,
Materials inputs.........................................................
Purchased-services inputs........................................
4.2
1.3
2.5
7.2
1.95
2.26
0.00
0.19
2.07
1.02
0.31
0.00
-0.55
0.86
1.26
1.20
-0.01
-0.14
1.35
5.97
1.23
0.00
0.31
0.92
Finance, insurance, real estate, rental, and leasing.....
0.6
-0 .4
3.5
4.1
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs...
Materials inputs.........................................................
Purchased-services inputs........................................
2.45
-1.89
-0.04
-0.17
-1.69
0.60
-1.01
0.08
0.09
-1.18
2.31
1.16
-0.02
0.10
1.08
2.55
1.58
-0.01
0.25
1.34
Professional and business s e rv ic e s ..................................
1.3
0.5
3.6
5.2
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs...
Materials inputs.........................................................
Purchased-services inputs........................................
-0.41
1.70
-0.01
0.06
1.64
-0.10
0.55
0.07
0.09
0.39
2.00
1.56
-0.05
0.06
1.55
3.97
1.20
0.07
0.20
0.93
Arts, entertainm ent, recreation, accom m odation, and
food services...........................................................................
98
Value Added..................................................................
99
Intermediate inputs........................................................
100
Energy inputs.............
101
Materials inputs.........
102
Purchased-services inputs........................................
103 O ther services, except g o vernm ent....................................
104
Value Added..................
105
Intermediate inputs........
106
Energy inputs.............
107
Materials inputs.........................................................
108
Purchased-services inputs........................................
109 G overnm ent................
110 Value Added..........
111
Intermediate inputs.
112
Energy inputs..
113
Materials inputs.........................................................
114
Purchased-services inputs........................................
115
Purchased-services inputs........................................
-0 .7
2.1
3.2
4.5
-0.39
-0.35
-0.09
-0.51
0.25
0.97
1.18
0.10
0.39
0.69
1.64
1.51
0.04
0.65
0.83
1.69
2.79
0.15
0.88
1.76
-0 .1
0.4
1.3
1.7
-0.90
0.79
-0.05
0.37
0.47
0.18
0.25
0.08
0.48
-0.31
0.62
0.69
-0.07
0.27
0.48
0.68
1.01
0.02
0.79
0.20
3.2
3.6
2.7
2.2
0.50
2.71
0.47
0.99
1.25
-1.69
1.04
2.51
-0.09
0.57
2.03
-1.18
0.79
1.93
-0.32
0.65
1.60
1.08
0.59
1.61
0.21
0.49
0.91
1.34
116
117
118
119
120
1?1
122
123
124
12b
126
1V/
128
Private goods-producing in d u s tries1 ................................
Inform ation-com m unications-technology-producing
in dustries3...............................................................................
-2 .4
-5 .5
3.3
10.5
1?9
130
131
132
133
Value Added......
Intermediate inputs........................................................
Energy inputs..
Materials inputs
Purchased-services inputs........................................
-0.16
-2.21
-0.05
-2.37
0.22
0.92
-6.44
-0.04
-3.73
-2.67
3.21
0.12
-0.02
-0.36
0.50
6.18
4.28
0.03
2.84
1.41
Value Added..................
Intermediate inputs........
Energy inputs.............
Materials inputs.........
-3 .6
-0 .8
0.3
4.5
-1.68
-1.97
-0.11
-2.07
0.21
0.48
-1.29
-0.02
-0.85
-0.42
0.47
-0.21
-0.12
-0.16
0.07
1.50
3.02
0.10
2.41
0.52
Private services-producing industries2............................
1.2
1.4
3.1
4.8
Value Added..................................................................
Intermediate inputs........................................................
Energy inputs..
Materials inputs.........................................................
1.57
-0.39
-0.08
-0.12
-0.20
0.92
0.51
0.14
0.12
0.25
1.99
1.07
-0.13
0.12
1.08
3.01
1.78
0.10
0.36
1.32
processing services; and computer systems design and related services.
Note. The percent changes for each industry group are shown in bold. Below each industry group, the percentage
point contributions of value added and of intermediate inputs to the percent change are shown; the percentage point
contributions of the components of intermediate inputs are also shown.
Table 23. The Make of Commodities by Industries, 2004
[Millions of dollars]
Line
Industries/commodities
1
2
Utilities
3
316,678
287,118
630
349,906
655
4
5
8
133
15 938
1,052,576
1,186
107
1,442
439
19,209
4,252,251
10,250
9,734
7
6
8
Arts, enter
tainment,
Finance, Professional Educa
tional
recreation,
insurance,
services,
and
Information real estate, business health care, accom
modation,
rental, and
and social and food
services
leasing
assistance
services
Other
services,
except
govern
ment
Government
11
14
15
9
10
567
559
12
13
S002
16
38,574
6,278
5,073
8
393
17,569
43,261
92,423
940,917
230
3,966
1,992
141,695
42
1,845
2
38
341
2,303
-489
812
333
3,536,267
15,166
8,247
187
2,132,336
1,222
9,786
804
6,567
1,441,193
13,961
1,093,594
1,005
6,462
581
5,785
39
1,537
629,089
3,131
27
628
11,717
40,308
963,548
1,724
995
4,281
319,003
306,239
368,508
1,050,473
4,311,624
1,023,050
1,231,387
8 Transportation and
3,409
9
10 Finance, insurance, real estate,
5,186
8,106
63,903
405
763
-33
5,257
-264
155
-43
640,421
1,107,004
3,619,962
11 Professional and business
504
267
12 Educational services, health
care, and social assistance
13 Arts, entertainment, recreation,
accommodation, and food
1,166
3,745
2,163,845
1,473,588
7,435
2,525
3,025
746
762,276
454
-139
148
778,398
6
6,986
4,588
3,207
1,029
32,464
24
228,646
3,662
51,277
489,272
1,890
-52
17,509
439
25,499
2,729
501,703
2,450,840
1,011,982
1,138,897
658,928
952,705
3,592,134
2,385,906
1,674,120
850,915
636,119
-5 3 ,6 5 0
10,902 21,346,046
1,928
A c c o u n ts
11,137
7 11,079
4,837
Scrap, used
and
Total
secondhand
industry
goods
output
-419
-1,384
-4,980
-2,103
-24,975
-13,199
-6,382
85
5
605
1,098
Other'
In d u s tr y
2
3
4
5
6
Mining
Manufac
Construction
turing
Trans
Wholesale
portation
Retail
trade
trade
and ware
housing
A nnual
1 Agriculture, forestry, firming,
Agriculture,
forestry,
fishing, and
hunting
14 Other services, except
15 Government............................
Total com m odity output
2,648
319,981
1,086
86,677
337
14,518
289,337
439,991
1,166,800
3,887
4,295,770
1,974,216
1,975,212
1. Includes nonco m p a rab le im ports, inventory valuation adju stm en t, and rest-of-the-w orld adjustm ents.
D ecem ber
2005
CD
CD
Table 24. The Use of Commodities by Industries, 2004
[Millions of dollars]
Line
Commodities
industries
Agriculture,
forestry,
Con Manufac Wholesale
fishing, and Mining Utilities struction turing
trade
hunting
1
S urvey
of
C urrent
B u s in e s s
1 Agriculture, forestry, fishing,
2
3
4
5
6
7
8
Mining.................................
Manufacturing.....................
Wholesale trade..................
Transportation and
warehousing...................
9 Information.........................
10 Finance, insurance, real
11 Professional and business
12 Educational services, health
care, and social assistance
13 Arts, entertainment,
recreation,
accommodation, and food
14 Other services, except
15
16 Other inputs'......................
S002 Scrap, used and secondhand
goods.............................
Total intermediate inputs ...
V001
V002 Taxes on production and
V003 Gross operating surplus......
Total industry output.........
2
4
3
1
73,612
10
517 42,192 88,407
5,680 2,616
174
67 2,226
1,443
51,068 27,690 7,367
11,418 4,494
1,457
149
424
74
7,454
1,146
6,778
737
22,886
317
5
1,024 173,064
6,004 229,751
3,110
50,223
1,000
8,139
241,656 1,405,324
30,131 261,318
68,130
13,783
15,434
9,673
125,974
39,960
6
7
2005
Decem ber
Govern
ment
11
15
8
9
10
12
13
14
3,052
34
6 786
2,552
55,902
30,624
3,153
394
23
16,176
5,475
73,900
10,207
5,697
9
6,283
3,206
1,511
75,433
16,405
2,638
12
1
4,911
2,998
72,256
13,641
817
1,452
1,685
43 073
30,027
91,859
11,269
13,543
5,903
179
16 644
9,875
89,667
14,670
9,628
584
10
11 887
8,867
124,318
18,324
3,025
9 547
56
16 875
6,714
112,134
19,437
3,763
323
11
6 248
3,464
67,205
10,521
8,748
17,250
17,148
22,731
20,114
73,268
9,416
9,945
217,972
27,649
30,704
25,689
83,235
16,595
37,813
9,735
18,735
5,753
14,068
42,171
67,270
4,217
31,898
117,555
51,604
98,117
33,021
69,088
639,982
142,300
142,931
69,657
45,876
5,213 22,974
4,665
78,989
337,727
104,861
162,238
53,292
128,400
237,878
330,260
138,006
52,800
45,050
275
117
3,235
881
682
548
2,527
1,131
2,618
12,814
515
721
36,931
17
91
Govern
con
Personal
Exports of Imports of ment
sumption
con
Private Change
goods
goods
in
Total
expend
sumption fixed
and
and
private
inter
and
expend investment inventories
services services itures
mediate
gross
itures
use
investment
F010
48,927
2,513 271,498
10,635 385,788
113
47 529 235,140 205,236
48,783 133,140
246,894 2,742,672 1,428,340
29,827 483,743 318,111
25 133,597 959,430
15,751 23,344
429,310
568,307
154,601
295,314
76,464 1,561,805 1,870,437
251,386 1,953,738
178,916
F020
1 197
6,294
806 138
619,523
87,658
45,868
79,954
11,354
12,609
57,648
4,208
1,808
98,021
92,228
-30,357
71,811
-11,179
782
-400
63,100 1,610,637
554
2,141
20,959
6,372
8,216
4,716
16,241
21,374
33,657
23,429
21,967
5,026
24,288
190,035
660,242
411
174
30
9,907
1,136
611
48,527
3,157
32,304
9,076
4,149
14,861
10,127
5,790
695
8,102
1,047
18,610
15,379
4,672
9,403
24,307
9,006
22,843
26,569
14,549
6,524
11,037
14,757
222
8,335
3,317
473
6,241
3,724
267
35,329
9,130
25,188
216,992
74,772
133,991
420,966
53,260
-38,351
-308
1
177,383 134,354
39,277 43,459
8 20,503
500,967 2,891,501
360,105 915,215
4
328,308
367,855
7
405
440,987 307,513
451,515 219,785
0
568,265
234,115
-702
2
13,177
3
713
34,133
564,619 354,061 2 2 3 ,9 5 7 967,541 9,611,761
727,119 263,719 193,966 1,271,851 6,693,383
-78,454
1 ,2 0 7 ,0 7 8
12
811,979
944,587
48,118
1 3 3 ,2 4 6
55,432
164,843
174,042
7 9 0 ,4 0 0
1 ,2 3 1 ,3 8 7
605,384
17,097
10,687 48,487 18,691
40,415 240,507
25,315
96,026 264,209 1,566,992 381,965 171,163 112,131 65,089
332,908 538,739 2,412,884 1 .3 5 1 .8 6 6 908,969 424,337 277,746
640,421 1,107,004 3,619,962 2,163,845 1,473,588 778,398 501,703
28,202
-28,013
5,896 -166,451
1 054
-1,438
69
566,131 -1,239,721
77,943
23,265
1
167,447
596
16,264 39,026
47,637 152,525
6,831
112,161 140,804 182,570 457,270 174,361
171,884 235.262 5 4 9 .5 0 6 1,420,123 694,741
306,239 368.508 1,050,473 4,311,624 1,023,050
F050
-13,164
-4,548
437
54
1,862
-4,285
106,629
141,620
319,003
F040
70,353
26,260
501
0
F030
56,493
3,209
111
95
1. includes noncomparable imports, inventory valuation adjustment, and rest-of-the-world adjustments.
Retail
trade
Arts,
Educa
enter
Trans
Finance, Profes
Other
tional tainment,
portation
insurance, sional
services,
and health recreation services,
and Information real estate, business
except
accom govern
rental, and services care, and modation,
ware
leasing
housing
social
food ment
assistance and
services
Total
final
uses
(GDP)
Total
commodity
output
48,483
-96,451
204,851
1,033,659
1,553,098
528,238
1,005,299
319,981
289,337
439 991
1,166,800
4,295,770
1,011,982
1,138,897
229,618
384,398
658,928
952,705
F100
-1 830
1,204
227,452
98,871
9,908
1,011
7,917
25,173
2,030,329
3,592,134
432,168
2,385,906
1,611,019
1,674,120
805
-167
660,880
850,915
-2,067
-53,650
182
257
99,616
-193,971
1 846 923
-976
419,126
1,900,439
-187,641
636,119
1,975,212
-53,650
4,222
10,483
-7,865
266
-23,230
10,902
46
-14,687 809,353
226,135 4,231,549
11,734,285
1 .4 8 3 ,2 9 9
2,4 5 0,8 40
8,214,296 1,872,643
55,432 1,052,072 -1,676,077 2,215,919
21,346,046
70
G r o s s
Decem ber 2005
D o m e s tic
P ro d u c t b y
In d u s try
fo r
1 9 4 7 -8 6
N e w E s tim a te s B a s e d o n th e N o r th A m e r ic a n In d u s tr y C la s s ific a tio n
S y s te m
By Robert E. Yuskavage and Mahnaz Fahim-Nader
AST month, the Bureau of Economic Analysis
(BEA) released new estimates of gross domestic
product (GDP) by industry for 1947-86 that are based
on the 1997 North American Industry Classification
System (NAICS). These estimates, together with previ
ously published industry estimates for 1987-2000,
provide the first long-term view of industry contribu
tions to U.S. economic growth and inflation from a
NAICS perspective.
These estimates also fill a major gap in the NAICSbased GDP-by-industry time series and represent a sig
nificant improvement over previously published esti
mates, which were based on the Standard Industrial
Classification (SIC) system. The NAICS-based esti
mates provide industry detail that more clearly depicts
the services sector’s rising share of the economy. In ad
dition, the estimates of real value added by industry
are now consistent with BEA’s Fisher quantity index
measures of real GDP for the years before 1977. Previ
ously, on the SIC basis, only fixed-weight constantdollar estimates had been available for this period. As a
result, the contributions of industry groups, such as
manufacturing and services, to real GDP growth be
fore 1977 can now be computed more accurately.
Generally, NAICS improves on SIC in several ways
as an industry classification system. NAICS more con
sistently classifies business establishments into indus
tries on the basis of similar production processes. It
recognizes new and emerging industries, primarily in
high-technology industries. And it provides greater de
tail for the services sector. However, a lack of historical
source data needed to make NAICS-based estimates
has limited the ability of BEA to provide reliable, de
tailed industry data on a NAICS basis for long histori
cal periods.
In designing a strategy to overcome these limita
tions, BEA faced a variety of issues, such as the time
span covered, estimation procedures, the number of
data items, and the level of industry detail. In making
key decisions, BEA relied on both its own research and
suggestions from academic and business users with a
strong interest in industry time series. These sugges
tions included providing data for as many years as pos
L
sible, making maximum use of available historical SICbased data, focusing on the most important data items,
and considering aggregation as an acceptable means of
dealing with both source data limitations and reliabil
ity concerns for earlier years.
For 1947-86, BEA prepared both current-dollar and
real value-added-by-industry estimates. For 1947-76,
it published estimates for 22 industry groups; for
1977-86, it published estimates for 65 industries.
This article highlights the new NAICS-based indus
try estimates by using them to examine the post-World
War II economic shift from goods to services and to
study the contributions of industry groups to major
expansions and contractions. Highlights of the new
GDP-by-industry data include the following:
• Private services-producing industries’ share of GDP
rose from 47.8 percent in 1947 to 61.2 percent in
1987. The share of finance, insurance, real estate,
rental, and leasing increased the most (7.3 percent
age points), followed by professional and business
services (5.0 percentage points) and by educational
services, health care, and social assistance (4.1 per
centage points).
• Private goods-producing industries’ share of GDP
fell from 39.8 percent in 1947 to 24.9 percent in
1987, mostly because of manufacturing, which
declined 8.5 percentage points, and agriculture, for
estry, fishing, and hunting, which declined 6.5 per
centage points.
• Real value added for durable-goods manufacturing
increased at nearly the same rate as real GDP in the
1947-87 period, but it contributed disproportion
ately to each of the post-war expansions and down
turns that are studied in this article. Contributions
by nondurable-goods manufacturing during these
cycles were proportional to the industry group’s
share of the economy.
• Government’s share of GDP peaked at slightly more
than 15 percent in the early 1970s, reflecting contin
ued increases in the share of state and local govern
ment, which rose from 4.1 percent in 1947 to 8.6
percent in 1972. The Federal Government’s share of
GDP has declined steadily since 1947.
Decem ber 2005
Survey
of
C urrent B usiness
S ector Trends
The new NAICS-based estimates allow for a better un
derstanding of the sources of the services sector’s
growth as a share of the economy since World War II.
In addition, the newly available value-added quantity
and price indexes now make it possible to identify the
separate contributions of real output growth and rela
tive price change to the increase in the services sector’s
share of GDP.
Growth of services share of GDP
Based on selected 10-year periods, the largest increase
in the services-producing sector’s share of current-dollar GDP occurred in 1977-87, when its share increased
6.5 percentage points, from 54.7 percent to 61.2 per
cent (table A). Most of this increase was accounted for
by finance, insurance, real estate, rental, and leasing
and by professional and business services; both in
creased 2.7 percentage points. The increase in finance,
insurance, real estate, rental, and leasing partly re
flected rapid price appreciation in the real estate sector.
The increase in professional and business services re
flected the growth of services outsourcing, which be
came more prevalent in the U.S. economy as part of
the restructuring that accompanied the recovery from
the recessions of the early 1980s.
Not all services sector industry groups’ share of
GDP increased. The share of the “distributive services”
Table A. Value Added by Industry Group in Current Dollars as a
Percentage of Gross Domestic Product for Selected Years
group declined from 23.1 percent in 1947 to 19.2 per
cent in 1987 (chart 1). The distributive services group
consists of utilities, wholesale trade, retail trade, and
transportation and warehousing; these industries are
primarily involved with the distribution of goods from
producers or importers to final users. The decline in
this group’s share of GDP partly reflects the decline in
the share of the goods-producing sector. Shares de
clined for each of the distributive services industry
groups except utilities.
For private services-producing industries other than
distributive services industries, the share of GDP in
creased from 24.7 percent in 1947 to 42.0 percent in
1987 (chart 1); shares increased for each of the indus
try groups except “other services, except government”
and “arts, entertainment, recreation, accommodation,
and food services.”
The historical decline in the share of goods-produc
ing industries was mostly attributable to agriculture,
forestry, and fishing and to manufacturing, but the
pattern of decline differed for those two industry
groups. The share of agriculture, forestry, fishing, and
hunting dropped sharply from 1947 to 1967, from 8.2
percent to 2.7 percent, but thereafter it declined much
more slowly. In contrast, manufacturing’s share was
fairly stable between 1947 and 1967 before it started
declining sharply. The largest declines for manufactur
ing took place between 1967 and 1972 and between
1977 and 1982, periods that included recessions.
[Percent]
1 947
1957
1967
1977
1987
G ro s s d o m e s tic p r o d u c t.......................
100 .0
100.0
1 00.0
1 00.0
100 .0
P riv a te in d u s tr ie s ...............................................
Agriculture, forestry, fishing, and hunting
M in in g ....................................................................
Utilities....................................................... .........
C onstruction........................................... !. ..........
87.5
8.2
2.3
1.4
3.7
87 .4
4 .0
2.3
1.9
4 .7
8 5 .8
2.7
1.4
2 .0
4.6
85 .6
2 .5
2.1
2.3
4 .6
86.1
1.7
1.5
2.6
4.6
M anufacturing....................................................
Durable g o o d s ..............................................
Nondurable g o o d s ......................................
W holesale tra d e ................................................
Retail tra d e .........................................................
25.6
13.0
12.6
6.3
9.4
26 .9
16.1
10.9
6.2
7.9
2 5 .2
15.4
9.8
6.5
7.8
21.6
13.1
8.5
6.6
7 .8
17.1
10.2
6.9
6.0
7.4
Transportation and w are h o u s in g ...............
In fo rm atio n .........................................................
Finance, insurance, real estate, rental,
and le a s in g ....................................................
Professional and business s e rv ic e s 1......
Educational services, health care, and
social assistance..........................................
Arts, entertainm ent, recreation,
accom m odation, and food s e rv ic e s .....
O ther services, except governm ent..........
6.0
2.5
5 .0
2.9
4.0
3.2
3.8
3.5
3.2
3.9
10.4
3.7
13.1
4 .5
14.2
5.3
15.0
6.0
17.7
8.7
1.9
2 .4
3.4
4.6
6.0
3.2
3.0
2 .7
2 .8
2.8
2.7
2.9
2.3
3.2
2 .4
G o v e rn m e n t...........................................................
12.5
12.6
14.2
14.4
13.9
A ddenda:
Private goods-producing in d u s tries2 ...........
Private services-producing in d u s tries3
3 9.8
4 7 .8
38 .0
49 .4
34 .0
51 .8
30.9
54 .7
24.9
61.2
1
1. Consists of professional, scientific, and technical services; management of companies and enter
prises; and administrative and waste management services.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food
services; and other services, except government.
Chart 1. Shares of Current-Dollar GDP for 1947-87
Percent of GDP
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment,
recreation, accommodation, and food services; and other services, except government.
3. Consists of utilities; wholesale trade; retail trade; and transportation and warehousing.
U.S. Bureau of Economic Analysis
71
72
G ro ss D o m e stic Prod uct by Industry
Decem ber 2005
Real value added and value-added prices
The private-services sector’s growing share of currentdollar GDP reflects relatively faster growth in both real
value added and value-added prices.
For 1947-87, private services industries’ real value
added increased at an average annual rate of 4.0
percent, compared with 3.1 percent for goods-producing industries and 3.6 percent for real GDP (table
B).
Utilities (5.4 percent) and information (5.3 percent)
were the fastest growing industry groups (chart 2).
None of the industry groups in the goods-producing
sector increased faster than GDP. Value-added prices
for private services-producing industries increased 4.2
percent, compared with 3.3 percent for private goodsproducing industries and 4.0 percent for GDP (table
C).
Over 10-year periods starting in 1947, real value
added of private services-producing industries in
creased significantly faster than that of goods-producing industries in each period except 1947-57. In that
period, services increased slightly less than goods be
cause of very slow growth in transportation and ware
housing (table B). The period with the largest
difference in growth rates between the two broad sec
tors was 1967-77, when private services increased
nearly 2 percentage points more than goods. Valueadded prices also grew faster in services in each period
except for 1967-77, when large price increases in min
ing and construction contributed to faster price
growth for goods-producing industries (table C). The
largest difference in price change between the two sec
tors occurred in 1977-87, when services prices in
creased more than 2 percentage points faster than
Table B. Real Value Added by Industry Group
Average Annual Rates of Change for Selected Periods
[Percent]
1947-87 1947-57 1957-67 1967-77 1977-87
G ro s s d o m e s tic p ro d u c t........................
3 .6
3.9
4.2
3.1
3.1
P riv a te in d u s tr ie s ...............................................
3.7
3.9
4 .3
3 .3
3 .2
Agriculture, forestry, fishing, and hunting
Mining...................................................
Utilities..................................................
Construction..........................................
Manufacturing........................................
Durable goods....................................
Nondurable goods..............................
Wholesale trade.....................................
Retail trade...........................................
2.6
1.5
5.4
2.2
2.1
2.1
9.3
6.2
4.1
4.5
3.5
4.1
3.4
0.8
4.5
1.9
2.0
6.0
3.0
4.5
4.6
4.3
5.7
3.6
3.0
5.9
2.2
1.5
4.6
-1.6
2.9
2.4
3.7
4.0
3.2
2.9
5.8
4.4
0.6
1.9
1.1
2.7
2.6
2.7
4.7
3.1
2.5
4.9
4.4
4.7
5.3
3.7
4.7
5.0
4.4
4.1
3.4
5.8
4.9
4.5
5.9
5.8
3.3
3.3
1.8
2.6
1.8
3.6
2.9
3.4
0.8
3.5
1.7
2.3
2.7
3 .5
1.4
1.5
3.1
4.0
3.9
3.8
3.9
4.6
2.1
4.0
2.4
3.7
3.5
3.5
3.5
4.6
3.3
2.3
5.3
Transportation and warehousing............
Information............................................
Finance, insurance, real estate, rental,
and leasing.........................................
Professional and business services1.....
Educational services, health care, and
social assistance................................
Arts, entertainment, recreation,
accommodation, and food services....
Other services, except government........
G o v e r n m e n t...........................................................
A ddenda:
Private goods-producing industries2..........
Private services-producing industries3
1. Consists of professional, scientific, and technical services; management of companies and enter
prises; and administrative and waste management services.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food
services; and other services, except government.
Chart 2. Real Value Added by Industry Group: Average Annual Change for 1947-87
Agriculture, forestry, fishing, and hunting
Mining
CiDP = 3.6
Utilities
Construction
Manufacturing, durable goods
Manufacturing, nondurable goods
Wholesale trade
Retail trade
Transportation and warehousing
Information
Finance, insurance, real estate, rental, and leasing
Professional and business services
Educational services, health care, and social assistance
Arts, entertainment, recreation, accommodation, and food services
Other services, except government
Government
0
U .S . B u re a u o f E c o n o m ic A n a ly s is
1
2
3
Percent change
4
5
6
D ecem ber 2005
S u r v e y o f C u r r e n t B u siness
goods prices.
Real value-added growth rates for industries can
vary over long time periods as a result of both short
term developments and changes in long-term trends
(chart 3). Here are some examples:
• In 1947-57, real growth was very high for utilities; it
became consistently lower afterwards, as the post
war expansion of the electric utility industry
slowed.
• In 1967-77, real growth in the construction indus
try declined, partly because of reductions in spendTable C. Value-Added Price Indexes by Industry Group
Average Annual Rates of Change for Selected Periods
[Percent]
73
ing for new structures by state and local govern
ments.
• In 1947-67, durable-goods manufacturing increased
much faster than average, as Federal defense pur
chases and spending on consumer durable goods
expanded but then increased much slower than
average during 1967-87, a period that included the
recessions of the mid-1970s and early 1980s.
• In 1957-77, educational services, health care, and
social assistance increased much faster than in other
periods, as health care availability increased and
educational opportunities expanded, partly as the
result of Federal Government programs.
(See chart 6 on page 82 for additional industry
groups.)
1947-87 1947-57 1957-67 1967-77 1977-87
Gross dom estic prod uct......................
4.0
2.6
1.8
6.0
5.5
Private industries.............................................
Agriculture, forestry, fishing, and hunting
M in in g ...............................................................
U tilitie s .............................................................
C onstruction....................................................
3.8
0.9
4.9
3.8
6.0
2.6
-2 .8
4.4
1.1
2.8
1.5
0.3
-1 .0
0.5
2.9
5.8
6.0
12.2
5.6
11.0
5.5
0.1
4.5
8.3
7.6
M anufacturing................................................
Durable g o o d s............................................
Nondurable g o o d s.....................................
W holesale tra d e .............................................
Retail tra d e ......................................................
Transportation and w arehousing...............
Inform ation......................................................
Finance, insurance, real estate, rental,
and leasing..................................................
Professional and business s e rv ic e s 1 ......
Educational services, health care, and
social assistan ce .......................................
Arts, entertainm ent, recreation,
accom m odation, and food services......
O ther services, except g overn m e nt.........
3.0
3.4
2.5
2.8
3.6
3.6
3.4
2.9
4.2
1.4
2.1
1.3
4.0
3.3
0.9
1.0
0.7
0.8
2.2
0.6
1.3
4.6
5.0
4.0
5.3
6.0
5.6
4.1
3.6
3.5
3.8
3.0
5.0
4.5
4.9
4.5
5.1
3.6
4.7
2.2
2.6
5.2
6.5
7.1
6.7
5.7
4.6
3.4
6.7
8.2
4.3
5.2
2.2
4.0
2.6
2.8
6.2
6.6
6.2
7.5
G overnm ent.......................................................
5.6
3.8
3.8
7.9
6.9
Addenda:
Private goods-producing in du strie s2............
Private services-producing in d u strie s3
3.3
4.2
2.1
3.0
1.0
1.9
6.0
5.7
4.0
6.1
1. Consists of professional, scientific, and technical services; management of companies and enter
prises; and administrative and waste management services.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food
services; and other services, except government.
Expansions and Contractions
The new historical NAICS-based estimates of GDP by
industry include value-added quantity indexes and
price indexes that are consistent with BEA’s Fisher in
dex measures of real GDP growth and price change.
These indexes allow industry contributions to econ
omy-wide changes to be computed for the first time
using the same contributions formula that BEA uses
for the national income and product accounts
(NIPAs).
As a result, these NAICS-based estimates can be
used to measure the contributions of industry groups
to business cycle expansions, contractions, and other
episodes in postwar U.S. economic history.
This section examines expansions in 1949-53,
1954-57, 1961-69, and 1982-90 and contractions in
1973-75 and 1979-82.1 Although these periods do not
necessarily coincide with the peaks and troughs of
1.
A v e ra g e a n n u a l g r o w t h -r a te c a lc u la tio n s d o n o t in c lu d e th e fir s t y e a r o f
th e p e r io d .
Chart 3. Real Value Added by Industry Group: Average Annual Change for 1947-87 and 10-Year Periods
Percent
1 9 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
U.S.BureauofEconomicAnalysis
1 9 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
1 9 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
1 9 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
74
December 2005
G r o s s D o m e s tic P r o d u c t b y In d u s try
business cycles as determined by the National Bureau
of Economic Research (NBER), they correspond
closely to several of the NBER cycles. NBER uses
monthly data to determine business cycle peaks and
troughs, but only annual data are available for the
GDP-by-industry estimates.
The four expansion periods are relatively long, they
include only years in which real GDP increased, and
they represent different economic periods. Real GDP
declined in all years of the contraction periods except
for 1981. The period 1979-82 is included as a contrac
tion period because of the decline in real value added
for all private industries.
Expansions
In all expansion periods except 1949-53, private services-producing industries grew faster and contributed
more to real GDP growth than private goods-produc
ing industries. In each period, the fastest growing ser
vices sector industry differed: Utilities (6.1 percent) led
the way in 1954-57, information (7.1 percent) grew
the fastest in 1961-69, and professional and business
services (7.2 percent) was first in 1982-90 (table D).
Finance, insurance, real estate, rental, and leasing
Table D. Real Value Added by Industry Group
Average Annual Rates of Change for Expansions and Contractions
made the largest contributions to overall growth (0.7
percentage point) in 1954-57 and 1961-69 (table E).2
Professional and business services made the largest
contribution in 1982-90 (0.6 percentage point).
In the 1949-53 period, which included the Korean
War, goods-producing industries grew faster and con
tributed more to real GDP growth than services-pro
ducing industries. Durable-goods manufacturing
increased the fastest (12.0 percent) and contributed the
most (1.8 percentage points) to real GDP growth.
Manufacturing in total contributed 2.4 percentage
points to the 6.2-percent real GDP average growth
rate. Utilities increased 10.1 percent but contributed
only 0.2 percentage point to real GDP growth.
Despite the greater contribution of the services sec
tor in the other expansions, durable-goods manufac
turing made significant contributions, especially in
1961-69, when it contributed 1.1 percentage points to
real GDP growth, the largest contribution by any single
industry group.
2.
A n i n d u s t r y ’s c o n t r i b u t i o n
r a te o f its r e a l v a lu e a d d e d a n d
to
real G D P
Table E. Contributions to Percent Change in Real GDP by Industry Group
Average Annual Rates of Change for Expansions and Contractions
[Percent]
[Percent]
Expansions
Expansions
Private ind ustries....................................
Agriculture, forestry, fishing, and
h unting................................................
M ining......................................................
Utilities.....................................................
C onstruction...........................................
M anufacturing........................................
Durable g o o d s ..................................
Nondurable g o o d s ...........................
W holesale tra d e ....................................
Retail tra d e .............................................
Transportation and w arehousing......
Info rm a tio n .............................................
Finance, insurance, real estate,
rental, and le a s in g ...........................
Professional and business s e rv ic e s 1
Educational services, health care,
and social a ssistan ce .....................
Arts, entertainm ent, recreation,
accom m odation, and food
s e rvice s..............................................
O ther services, except governm ent
G overn m ent..............................................
Addenda:
Private goods-producing in d u strie s2 ...
Private services-producing in d u strie s3
3.7
4.9
4.0
-0 .3
0.1
6.0
4.1
5.1
4.2
-0 .6
-0.1
2.3
5.4
10.1
7.7
8.9
12.0
5.2
5.1
4.0
4.4
4.7
-0 .5
5.0
6.1
4.1
3.6
3.7
3.4
5.5
3.5
3.9
4.9
1.3
3.6
6.1
1.4
6.3
7.1
5.1
5.8
4.3
5.0
7.1
2.2
1.4
6.6
4.8
4.1
5.1
2.5
3.9
5.2
4.5
4.3
6.5
-1 .4
4.1
-6 .6
-5 .7
-6 .7
-4 .3
0.6
-1 .7
-3 .0
3.4
9.0
2.7
-2 .5
-9 .9
-2 .7
-4 .4
-0 .2
1.8
-0 .6
-3.1
3.7
5.9
5.2
5.6
4.9
4.9
5.7
2.9
7.2
5.0
-0 .7
2.5
1.6
4.3
4.2
6.4
3.0
5.1
2.9
3.1
1.1
3.7
4.4
3.9
2.5
4.0
4.0
-0 .8
-1 .8
1.3
-3 .0
7.0
1.4
4.0
2.0
1.9
0.7
6.2
7.5
4.8
3.2
4.8
5.0
5.1
3.8
4.3
-4 .3
1.6
-2 .5
1.1
1. Consists of professional, scientific, and technical services; management of companies and enterprises;
and administrative and waste management services.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
C ontractions
1949-53 1954-57 1961-69 1 982-90 1973-75 1 979-82
Contractions
1949-53 1954-57 1961-69 1982-90 1973-75 1979-82
Gross dom estic pro d u ct.............
g r o w th r e fle c ts b o t h th e g r o w th
its s h a r e o f c u r r e n t- d o lla r G D P .
Percent change:
Gross dom estic p ro d u c t.....................
Percentage points:
Private industries...................................
Agriculture, forestry, fishinq, and
h u n tin g ...............................................
M in in g .....................................................
U tilitie s ....................................................
C onstruction..........................................
M anufacturing.......................................
Durable g o o d s..................................
Nondurable g o o d s ...........................
W holesale tra d e ...................................
Retail tra d e .............................................
Transportation and w arehousing......
Inform ation.............................................
Finance, insurance, real estate,
rental, and le asin g...........................
Professional and business s e rv ic e s 1
Educational services, health care,
and social assistan ce .....................
Arts, entertainm ent, recreation,
accom m odation, and food
s e rvice s..............................................
O ther services, except governm ent
G overnm ent..............................................
Addenda:
Private goods-producing in du strie s2 ...
Private services-producing in du strie s3
6.2
3.7
4.9
4.0
-0 .3
0.1
5.33
3.61
4.38
3.59
-0 .5 5
-0 .0 9
0.15
0.14
0.16
0.34
2.39
1.76
0.63
0.32
0.35
0.26
0.13
-0.01
0.12
0.11
0.19
0.99
0.59
0.40
0.33
0.29
0.20
0.14
0.04
0.06
0.13
0.07
1.58
1.06
0.52
0.37
0.34
0.21
0.22
0.04
0.02
0.16
0.20
0.73
0.54
0.19
0.25
0.38
0.14
0.17
0.20
-0 .0 2
0.08
-0 .3 3
-1 .2 4
-0 .8 7
-0 .3 7
0.04
-0 .1 4
-0.11
0.11
0.20
0.06
-0 .0 5
-0 .4 5
-0 .5 3
-0 .5 2
-0.01
0.12
-0 .0 5
-0.11
0.13
0.68
0.21
0.72
0.21
0.70
0.29
0.52
0.59
0.73
-0 .0 4
0.38
0.11
0.09
0.10
0.20
0.18
0.22
0.14
0.09
0.03
0.10
0.12
0.11
0.07
0.13
0.09
-0 .0 2
-0 .0 4
0.04
-0 .0 7
0.79
0.17
0.55
0.28
0.28
0.10
3.02
2.32
1.28
2.32
1.75
2.63
0.99
2.60
-1.3 8
0.83
-0 .7 3
0.64
1. Consists of professional, scientific, and technical services; management of companies and enterprises;
and administrative and waste management services.
2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance,
insurance, real estate, rental, and leasing; professional and business services; educational services, health
care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other
services, except government.
December 2005
S u r v e y o f C u r r e n t B usin ess
75
Contractions
Current-dollar estimates
In contrast to the expansion periods, both contraction
periods were characterized by significant declines in
the private goods-producing sector and by modest in
creases in the private services-producing sector and in
government.
In 1973-75, private goods-producing industries de
clined at an average annual rate o f 4.3 percent, led by
declines in durable-goods manufacturing (6.7 percent)
and construction (6.6 percent). Durable-goods manu
facturing contributed -0 .9 percentage point to the 0.3percent average annual decline in real GDP during this
period. The real GDP decline was tempered by a con
tribution of 0.7 percentage point by finance, insurance,
real estate, rental, and leasing.
The 1979-82 period is included as a contraction pe
riod because private industries overall declined at an
average annual rate of 0.1 percent during this period.
As in the earlier period, private goods-producing in
dustries declined (2.5 percent), while private servicesproducing industries increased (1.1 percent). Con
struction declined the most (9.9 percent) followed by
durable-goods manufacturing (4.4 percent). Both con
struction and durable-goods manufacturing contrib
uted -0 .5 percentage point to the overall change.
Finance, insurance, real estate, rental, and leasing again
helped to keep the downturn relatively mild.
The 1947-86 current-dollar estimates for each of the
60 NAICS-based private nonfarm industries were de
rived by extrapolating the published 1987 NAICS lev
els for current-dollar value added. The estimates for
farms and for the four government industries were ob
tained from previous estimates based on the Standard
Industrial Classification (SIC); the NAICS definitions
of these sectors are the same. Current-dollar value
added for “all industries” was constrained to equal cur
rent-dollar GDP for each year.
For the 60 private nonfarm industries, the series
that were used to extrapolate the 1987 NAICS-based
estimates were derived by converting SIC-based indus
try estimates for 1947-87 to a NAICS basis. The SICbased estimates were released as part of the compre
hensive revision of the annual industry accounts in
lune 2004.
For the 60 private nonfarm SIC-based industries,
annual “conversion matrices” were developed that
show the percentage of the revised SIC-based valueadded estimate that should be allocated to each of
the NAICS-based industries. Using the converted SIC
series to develop extrapolators allowed the annual
NAICS-based estimates to capture definitional revi
sions from the national income and product accounts
that were incorporated in the revised SIC-based esti
mates and to capture special features of the estimates
that stem from BEA definitions and concepts.
Also, the revised SIC-based estimates for 1947-86
are based on the 1972 SIC system. (The estimates for
1987 are available on both the 1972 SIC basis and the
1987 SIC basis.) As a result, the conversion matrix for
1987 that had been developed for preparing the esti
mates for 1987-97 was first adjusted to the 1972
SIC basis. In order to allow for changes over time in
the NAICS composition of SIC industries, the 1987
value-added estimate for each of the detailed private
industries in the conversion matrix was extrapolated
for each year back to 1977, using matching, detailed
SIC-based series for shipments, sales, and receipts.
The conversion matrix was then held constant for
years before 1977 because of the limited availability of
SIC-based source data for extrapolation, especially in
the nonmanufacturing sector.
A ppendix: M ethod ology
fo r Revised E stim ates
This article presents revised estimates of current-dollar
and real value added for 65 industries for 1977-86 and
for 22 industry groups for 1947-76. These revised esti
mates are based on the 1997 North American Industry
Classification System (NAICS) and on the same indus
try definitions that were used for the revised GDP-byindustry estimates for 1987-97.3 However, the meth
odology used to prepare the estimates differs, espe
cially for the real estimates, primarily because of source
data limitations. In addition, estimates of gross output,
intermediate inputs, and the components o f value
added are not provided for 1947-86.
3.
F o r
in fo r m a tio n
a b o u t th e
R o b e rt E . Y u skav ag e a n d Y v on
try fo r
m e th o d o lo g y
1 9 8 7 - 2 0 0 0 , ” S u r v e y o f C u r r e n t B u s in e s s 8 4
u sed
fo r
th e se
e s tim a te s , se e
H . P h o , “G r o s s D o m e s tic P r o d u c t b y In d u s
(N o v e m b e r 2 0 0 4 ): 3 9 -4 1 .
76
D ecem ber 2005
G r o s s D o m e s tic P r o d u c t b y In d u s try
Real estimates
Real estimates (chain-type quantity indexes) of value
added were prepared for each of the 65 detailed indus
tries and for related industry groups and aggregates,
including private industries and “all industries.” Real
value-added estimates were computed using a single
deflation method after first converting SIC-based
value-added price indexes to NAICS-based price in
dexes using the same set of annual conversion matrices
that were used to convert the current-dollar valueadded estimates.4 (See the box “Interpreting the ValueAdded Price Index”) This procedure computes the
value-added price index relative for each NAICS in
dustry as a weighted average of the value-added price
index relatives for each of the SIC industries that con
tribute to the NAICS industry. The weights, which are
obtained from the annual conversion matrices, repre
sent the share of a NAICS industry’s current-dollar
value added that is accounted for by a specific SIC in
dustry.
4.
S in g le -d e fla tio n
in te r n a tio n a l
fe rre d
d o u b le -d e fla tio n
r e a l v a lu e
an d
is
s ta tis tic a l
ad d ed
is
an
a lte r n a tiv e
o r g a n iz a tio n s
m e th o d
c o m p u te d
re a l in te r m e d ia te
are
as
n o t
th e
in p u ts . T h is
d e fla tio n
w h en
m e th o d
th e
d a ta
a v a ila b le .
d iffe r e n c e
m e th o d
reco m m en d ed
n eed ed
W ith
b e tw e e n
fo r
d o u b le
th e
b y
p re
d e fla tio n ,
real g ro ss
o u tp u t
th u s r e q u ir e s s e p a r a te d e fla to r s
f o r g r o s s o u t p u t a n d f o r in te r m e d ia te in p u ts .
F o r
p r ic e
m o re
an d
in fo r m a tio n , se e
q u a n tity
M oy er, M a rk
“ P r e v ie w
S urvey 8 4
in d e x e s
th e
in
te c h n ic a l n o te
th e
A . P la n tin g , M a h n a z
c o m p u tin g
a cco u n ts
F a h im -N a d e r , a n d
o f th e C o m p r e h e n s iv e R e v is io n
(M a rch
o n
G D P -b y -in d u s tr y
c h a in -ty p e
in
S h e rle n e
B ria n
K .S .
o f t h e A n n u a l I n d u s t r y A c c o u n t s ,”
2 0 0 4 ): 5 0 -5 1 .
Data Availability
The GDP-by-industry estimates for 1947-86 are
also available on BEA’s Web site; go to
< www.bea.gov>, and under “Industry,” click on
“GDP by Industry.” The GDP-by-industry esti
mates are available interactively on our Web site,
so users can customize the tables to view data
only for the industries and for the years of inter
est. Users can also graph data and download ta
bles to update spreadsheets.
C .
L u m ,
The following equation describes how the weightedaverage value-added price index relative for period t-1
to t was computed for each private nonfarm NAICS in
dustry:
VAf
y K ,S n
VAf
60
\
£ w
s= 1
"
A
60
where w ns = VAFQ
/ Xs= j VftPQ
for each n = 1, ...60, and VAPt
ns
ns
represents an industry’s value-added price index for
period t, VAPQ represents an industry’s current-dollar
value added, n represents a NAICS industry, 5 repre
sents an SIC industry, and ns represents a cell in the
current-dollar value-added conversion matrix.
The SIC-based value-added price indexes for
1977-87 are the revised indexes that were released in
June 2004 as part of the comprehensive revision of the
annual industry accounts. The SIC-based value-added
price indexes for 1947-76 were calculated from previ
ously published SIC-based industry estimates that
were last updated in July 1988 before the introduction
in 1991 of changes in methodology for real valueadded estimates. The published NAICS-based chaintype quantity indexes for 1987 were extrapolated
(chained) back to 1947 using the value-added quantity
relatives computed from the current-dollar values and
price indexes.
1977-87. For this period, the weighted-average
value-added price index used for deflation at the de
tailed industry level is a Fisher-type index for which
the current-dollar value-added weights (w ns) were ob
tained directly from the conversion matrices for both
the current year and the prior year. Because the revised
SIC-based price indexes used in the calculation for this
period are also Fisher indexes, the resulting weighted
averages can be viewed as “Fisher of Fisher” type in
dexes. Estimates for industry groups and for aggre
gates, including private industries and “all industries,”
were likewise based on Fisher aggregation techniques.
Decem ber 2005
77
Su r v e y o f C u r r e n t B u siness
Interpreting the Value-Added Price Index
The real value-added estimates for 1947-86 presented in
this article are quantity indexes calculated by dividing
current-dollar (nominal) value added by an estimated
value-added price index. This “single-deflation” method
differs from the double-deflation method that was used
for the NAICS estimates for 1987-97 and that is regularly
used to estimate real value added by industry in the
Bureau of Economic Analysis (BEA) annual industry
accounts. The quantity indexes and real growth rates
obtained by these two methods are similar when the
value-added price index used in the single-deflation
method closely approximates the implied value-added
price index obtained by the double-deflation method.
This note explains why the estimates obtained using these
two methods can differ by describing the properties of
the value-added price index and how it differs from price
indexes for gross output or intermediate inputs.
Value added in the industry accounts represents the
returns to the primary inputs of labor and capital that are
combined with secondary, or intermediate, inputs to
produce an industry’s gross output.1 Value added is
defined as the difference between gross output (mainly
sales) and intermediate inputs (purchases of energy,
materials, and services). Returns to labor are approxi
mated by the compensation of employees. Pretax returns
to capital are approximated by adding together the gross
operating surplus and taxes on production and imports,
less subsidies.2 The gross operating surplus includes both
the normal (expected) returns to capital and the excess
(unexpected) gains or losses attributable to factors such
as demand shifts, nonconstant returns to scale, and
changes in capacity utilization.
Unlike current-dollar gross output and intermediate
inputs, which consist of goods and services exchanged
in markets with largely observable prices, current-dollar
value added is a residual measure that does not have
observable price or quantity characteristics. For pro
ductivity analysis, procedures have been developed to
estimate the quantities and the implied prices of labor
and of capital services. A decomposition of the return
to labor into quantity and price components is fairly
straightforward because labor hours are observable and
adjustments can be made for changes in the composition
of the workforce. The procedures designed to estimate
the flow of real capital services and the implied rental
prices of capital, however, are more complex and usu
ally depend on assumptions such as market equilibrium
and constant returns to scale. Departures from these
assumptions, such as disequilibrium resulting from
unexpected shifts in demand, can result in measures of
gross operating surplus that include excess gains or
losses. These current-dollar measures can thus differ
from the quantity of capital services valued at normal, or
expected, prices.
Excess gains or losses have a direct effect on the valueadded price index when they arise from gross output
prices rising faster or slower than intermediate input
prices. However, when excess gains or losses arise from
changes in quantities, they do not greatly affect the valueadded price index because both current-dollar value
added and real value added change at similar rates.
Changes in multifactor productivity, the combined pro
ductivity of all inputs, can also affect the value-added
price index by changing unit production costs, but mar
ket factors determine whether these cost changes trans
late into changes in profit margins, gross output prices,
or returns to labor.3
When the double-deflation method is used to calculate
the value-added quantity index, the implied value-added
price index accurately reflects changes in the prices of
labor and capital (value-added) inputs and changes in
the profit margin, regardless of its source. Single defla
tion approximates the result that would be obtained by
double deflation when the prices for an industry’s gross
output increase or decrease at about the same rate as the
prices for its intermediate inputs. Research has demon
strated that this condition often holds for many indus
tries, though it may break down during periods of
business cycle fluctuations, sharp changes in raw materi
als prices, or productivity shifts. When input and output
prices behave differently, single-deflation methods that
use a value-added price index that itself was calculated
using a double-deflation method, such as the price
indexes used for many of these industry estimates, can
still provide an acceptable approximation to the correct
result.
3.
1. V a lu e
ad d ed
a ls o
fa c to r o f p r o d u c tio n
2.
O n e
reaso n
re tu rn s to
o f g ro ss
in c e r t a in
th a t
la b o r a n d
o p e r a tin g
u n in c o r p o r a te d
in c lu d e s
th e s e
to
la n d , w h ic h
is
an
b u sin e ss e s .
im p o rta n t
in d u s tr ie s .
c o m p o n e n ts
in c lu d e s
ad d ed
T h e e ffe c t o f m u ltifa c to r p r o d u c tiv ity
q u a n tity
in d e x
is
c a p tu re d
u s in g
th e
G r o w th in r e a l g r o s s o u t p u t is th e c o m b in e d
are
ju s t
a p p r o x im a tio n s
c a p i t a l i s t h a t t h e p r o p r i e t o r ’s i n c o m e
s u r p lu s
re tu rn s
re tu rn s
to
th e
la b o r
to
co m p o n en t
o f o w n ers
o f
(M F P )
g ro w th
o n
d o u b le -d e fla tio n
th e v a lu e m e th o d .
e f f e c t o f g r o w t h in p r im a r y
in p u ts , s e c o n d a r y in p u ts , a n d th e p r o d u c t iv it y o f a ll in p u ts . S u b t r a c t in g
r e a l in te r m e d ia te in p u t g r o w th fr o m
c o m b in e d
e ffe c ts o f v a lu e -a d d e d
r e s id u a l v a lu e -a d d e d
r e a l g r o s s o u t p u t g r o w t h le a v e s th e
in p u t g r o w th
q u a n tity in d e x .
an d
M F P
g ro w th
in
th e
78
G r o s s D o m e s tic P r o d u c t b y In d u s try
The revised SIC-based value-added price indexes were
based on the double-deflation method for most of the
industries. This procedure works well for those NAICS
industries that are exact (“one-to-one”), or nearly ex
act, matches with the contributing SIC industry.
Exceptions to this procedure were made for certain
high-tech manufacturing industries, based on compar
isons with the Federal Reserve Board’s NAICS-based
index of industrial production for manufacturing in
dustries.5 These industries include computer and elec
tronic products manufacturing, machinery manufac
turing, and electrical equipment and appliances. For
these industries, a proxy gross-output price index was
first computed for the NAICS industry for 1977-87
based on underlying source data, and then the valueadded price index was imputed based on the relation
ship between the value-added price index and the
gross output price index for 1987-97, when valueadded price indexes for NAICS industries were based
on the double-deflation method. This alternative
method was also used for the utilities industry.
1947-76. For this period, the weighted-average
value-added price index used for deflation at the de
tailed industry level is a fixed-weight index in which
the current-dollar value-added weights were obtained
from the 1977 conversion matrix. Estimates for indus
try groups and aggregates, including private industries
5.
F o r in fo r m a tio n
tr ia l
p r o d u c tio n
C a p a c ity
U tiliz a tio n :
Reserve Bulletin
a b o u t th e m o s t r e c e n t h is to r ic a l r e v is io n
in d e x ,
89
see
T h e
C a ro l
2 0 0 2
C o rrad o ,
H is to r ic a l
“ In d u s tria l
an d
A n n u al
o f th e in d u s
P r o d u c tio n
R e v is io n ,”
an d
Federal
(A p r il 2 0 0 3 ) : 1 5 1 - 1 7 6 .
Acknowledgments
Robert E. Yuskavage, senior economist in the Office of
the Associate Director for Industry Accounts, devel
oped the methodology and supervised the preparation
of the estimates. Sumiye Okubo, Associate Director
for Industry Accounts, and Ann M. Lawson, Chief of
the Current Industry Analysis Division (CIAD), pro
vided overall guidance. Mahnaz Fahim-Nader of the
Industry Benchmark Division prepared the estimates,
with significant contributions from Erich H. Strassner
and Thomas F. Howells, both of CIAD.
Decem ber 2005
and “all industries,” were based on Fisher aggregation
techniques. The SIC-based price indexes for this pe
riod were computed as implicit price deflators using
current-dollar and constant-dollar (1982) valueadded-by-industry data that were last published by
BEA in July 1988.6 The constant-dollar estimates used
to calculate the implicit price deflator were based on
the double-deflation method for all manufacturing in
dustries except petroleum and coal products, railroads,
and electric and gas utilities. Constant-dollar estimates
for the other industries were based on either single de
flation or quantity extrapolation.
For some SIC industries with constant-dollar esti
mates that were based on quantity extrapolation, re
vised implicit price deflators were computed using the
most recent current-dollar value-added data (from
June 2004) because the original constant-dollar esti
mate was not subject to revision. Value-added price in
dexes for the NAICS computer and electronic products
industry were adjusted for 1972-77 using Census Bu
reau shipments and materials data and BLS price in
dexes for the four-digit SIC industries that compose
the NAICS industry.
Evaluating the results
The methodology was evaluated for reasonableness
and consistency primarily by comparison with related
estimates, including real GDP from the NIPAs. Com
parisons were made with both the revised and the pre
viously published SIC-based estimates for aggregates
and for more detailed industry groups whose defini
tions were not significantly affected by the conversion
to NAICS.
Current-dollar estimates. As expected, the share of
GDP for goods-producing industries is similar to, but
slightly lower, under NAICS than under the SIC over
the entire period (chart 4). The converse is true for pri
vate services-producing industries. The NAICS-based
estimates also show the long-term decline in goodsproducing industries’ share of GDP that was seen in
6. T h ese
b ased
e s tim a te s w e re re c e n tly
u sed
in
a s im ila r m a n n e r to
in d u s tr y s o u rc e s o f p r o d u c tiv ity c h a n g e b e fo r e
N o r d h a u s , “ R e tr o s p e c tiv e
o n
Bureau of Economic Research
th e
1 970s
P r o d u c tiv ity
s tu d y
S IC -
1 9 7 7 . S e e W illia m
S lo w d o w n ,”
D .
National
(w o r k in g p a p e r n o . 1 0 9 5 0 , D e c e m b e r 2 0 0 4 ) .
December 2005
S u r v e y o f C u r r e n t B u sin ess
the SIC-based estimates.
The conversion matrix shares that were used to allo
cate SIC-based industry estimates to NAICS industries
were held constant for years before 1977. However, be
cause allocations to more than one detailed NAICS in
dustry from a single SIC industry usually fell within
the same higher level NAICS industry group, errors in
the allocation matrix tended to cancel one another at
the industry group level.
Real estimates. Because the previously published
79
real estimates for years before 1977 were based on fixed
1982 relative price weights, they are subject to substitu
tion bias for earlier years that are far from 1982. How
ever, the Fisher aggregation procedures that were used
to prepare the quantity indexes for NAICS industry
groups for 1947-76 reduced the impact of the substitu
tion bias. For example, real value-added estimates for
the manufacturing industry group for 1947-76 are not
affected by substitution bias to the same degree as the
estimates for specific manufacturing industries.
In addition, the aggregation of the NAICS-based es
timates over “all industries” yields an estimate that
closely matches BEA’s measure of real GDP growth
(chart 5). The correlation is much closer than it was
using the previously published constant 1982 dollar
SIC-based estimates. This closer correspondence indi
cates greater consistency of the industry real value
added estimates with real GDP.
Chart 6 and tables 1-4 follow.
80
G r o s s D o m e s tic P r o d u c t b y In d u s try
Decem ber 2005
Chart 6. Real Value Added by Industry Group: Average Annual Change for 1947-87 and 10-Year Periods
Percent
10
10
Agriculture, forestry, fishing, and hunting
II
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
Manufacturing, nondurable goods
10
Wholesale trade
I III 1 1 1
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
1 9 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
Percent
Information
Retail trade
A
1 1 .1 I
J_______ L
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
Finance, insurance, real estate, rental,
and leasing
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
J_______ I
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
Percent
10
Professional and business services
u
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
U.S. Bureau of Economic Analysis
10
Arts, entertainment, recreation,
accommodation, and food services
I I
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
10
Other services, except government
U_______ I
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
10
Government
I , ...m
m
m
19 4 7 -8 7 4 7 -5 7 5 7 -6 7 6 7 -7 7 7 7 -8 7
D ecem ber 2005
S u r v e y o f C u r r e n t B u sin ess
81
Table 1. Value Added by Industry Group for Selected Years
[Billions of dollars]
1947
Line
1952
1957
1962
1967
1972
1977
1982
1987
1
Gross dom estic p ro d u c t....................................................................................
244.2
358.3
461.1
585.6
832.6
1,238.3
2,030.9
3,255.0
4,739.5
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
Private in d u strie s ..........................................................................................................
Agriculture, forestry, fishing, and hunting..............................................................
Mining.............................................................................................................................
Utilities............................................................................................................................
Construction.................................................................................................................
Manufacturing...............................................................................................................
Durable goods.........................................................................................................
Nondurable goods..................................................................................................
Wholesale trade..........................
Retail trade..................................
Transportation and warehousing
Information....................................
Finance, insurance, real estate, rental, and leasing..........................................
Finance and insurance..........................................................................................
Real estate and rental and leasing....................................................................
Professional and business services.......................................................................
Professional, scientific, and technical services...............................................
Management of companies and enterprises...................................................
Administrative and waste management services............................................
Educational services, health care, and social assistance.................................
Educational services..............................................................................................
Health care and social assistance......................................................................
Arts, entertainment, recreation, accommodation, and food services............
Arts, entertainment, and recreation...................................................................
Accommodation and food services....................................................................
Other services, except government........................................................................
213.7
19.9
5.7
3.3
9.0
62.5
31.7
30.8
15.5
22.9
14.6
6.2
25.4
5.7
19.8
9.1
3.6
4.0
1.4
4.6
0.8
3.8
7.8
1.5
6.3
7.2
313.8
22.1
8.2
5.9
16.6
98.3
56.3
42.0
21.5
29.7
20.3
9.6
41.0
10.0
31.0
14.3
5.9
6.1
2.3
7.2
1.2
6.0
10.0
1.9
8.1
9.3
403.0
18.4
10.8
9.0
21.5
124.2
74.1
50.2
28.5
36.4
23.3
13.2
60.5
15.1
45.3
20.8
9.3
7.8
3.6
11.2
1.8
9.4
12.5
2.5
10.0
12.7
506.8
20.4
10.2
12.9
26.2
147.3
86.9
60.4
38.5
45.5
25.1
18.1
84.2
20.5
63.7
28.6
13.5
9.8
5.3
16.9
2.9
14.0
16.1
3.6
12.4
16.7
714.2
22.9
11.9
16.9
38.7
209.4
128.0
81.5
54.1
64.7
33.1
26.9
118.1
31.3
86.8
44.0
21.8
13.8
8.4
28.0
4.9
23.1
23.1
4.9
18.2
22.5
1,051.0
34.4
15.8
26.1
61.0
273.7
164.1
109.6
82.0
98.1
48.4
42.6
184.9
51.5
133.4
67.5
34.8
19.4
13.3
51.1
9.3
41.8
34.6
6.8
27.8
30.8
1,739.4
51.3
43.4
45.9
94.2
4,080.4
79.8
71.5
123.0
218.2
438.6
265.0
173.6
134.9
158.5
76.2
71.1
304.0
92.3
211.7
122.7
64.5
32.7
25.5
93.8
12.7
81.1
58.8
12.8
45.9
46.1
2,792.6
71.3
120.0
81.7
128.8
603.2
353.4
249.8
207.9
229.9
105.9
123.6
539.9
167.6
372.3
230.9
130.0
52.1
48.8
177.9
20.7
157.2
100.9
20.4
80.5
70.7
28
29
30
G o ve rn m e n t.....................................................................................................................
Federal...........................................................................................................................
State and local..............................................................................................................
30.4
20.4
10.0
44.5
28.0
16.5
58.1
32.6
25.5
78.8
40.2
38.6
118.4
56.9
61.5
187.3
80.5
106.8
291.5
116.2
175.4
462.4
186.2
276.2
659.1
257.8
401.3
31
32
Addenda:
Private goods-producing industries1..........................................................................
Private services-producing industries2 ......................................................................
97.1
116.6
145.2
168.7
175.0
228.0
204.1
302.7
282.9
431.2
384.8
666.1
627.5
1,111.9
923.3
1,869.3
1,180.8
2,899.5
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
811.3
483.8
327.5
285.3
349.9
151.1
185.0
840.3
274.4
565.9
414.1
238.6
81.3
94.1
286.5
32.7
253.7
152.1
31.6
120.5
112.3
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and
food services; and other services, except government,
82
G r o s s D o m e s tic P r o d u c t b y In d u s try
D ecem ber 2005
Table 2. Value Added by Industry Group as a Percentage of Current-Dollar Gross Domestic Product for Selected Years
[Percent]
Line
1947
1952
1957
1962
1967
1972
1977
1982
1987
1
G ross dom estic product.....................................................................................
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
Private in d u strie s ..........................................................................................................
Agriculture, forestry, fishing, and hunting...............................................................
Mining.............................................................................................................................
Utilities............................................................................................................................
Construction...................................................................................................................
Manufacturing............
Durable goods.......
Nondurable goods.
Wholesale trade........
Retail tra d e ................
Transportation and warehousing..............................................................................
Information.....................................................................................................................
Finance, insurance, real estate, rental, and leasing..........................................
Finance and insurance...........................................................................................
Real estate and rental and leasing....................................................................
Professional and business services........................................................................
Professional, scientific, and technical services...............................................
Management of companies and enterprises....................................................
Administrative and waste management services............................................
Educational services, health care, and social assistance.................................
Educational services...............................................................................................
Health care and social assistance......................................................................
Arts, entertainment, recreation, accommodation, and food services.............
Arts, entertainment, and recreation...................................................................
Accommodation and food services....................................................................
Other services, except government........................................................................
87.5
8.2
2.3
1.4
3.7
25.6
13.0
12.6
6.3
9.4
6.0
2.5
10.4
2.3
8.1
3.7
1.5
1.7
0.6
1.9
0.3
1.6
3.2
0.6
2.6
3.0
87.6
6.2
2.3
1.6
4.6
27.4
15.7
11.7
6.0
8.3
5.7
2.7
11.4
2.8
8.6
4.0
1.6
1.7
0.6
2.0
0.3
1.7
2.8
0.5
2.3
2.6
87.4
4.0
2.3
1.9
4.7
26.9
16.1
10.9
6.2
7.9
5.0
2.9
13.1
3.3
9.8
4.5
2.0
1.7
0.8
2.4
0.4
2.0
2.7
0.5
2.2
2.8
86.5
3.5
1.7
2.2
4.5
25.2
14.8
10.3
6.6
7.8
4.3
3.1
14.4
3.5
10.9
4.9
2.3
1.7
0.9
2.9
0.5
2.4
2.7
0.6
2.1
2.9
85.8
2.7
1.4
2.0
4.6
25.2
15.4
9.8
6.5
7.8
4.0
3.2
14.2
3.8
10.4
84.9
2.8
1.3
2.1
4.9
22.1
13.3
8.9
6.6
7.9
85.8
2.2
3.7
2.5
4.0
18.5
10.9
7.7
6.4
7.1
3.3
3.8
16.6
5.2
11.4
5.3
2.6
1.7
1.0
3.4
0.6
2.8
2.8
0.6
2.2
2.7
3.9
3.4
14.9
4.2
10.8
5.5
2.8
1.6
1.1
4.1
0.8
3.4
2.8
0.5
2.2
2.5
85.6
2.5
2.1
2.3
4.6
21.6
13.1
8.5
6.6
7.8
3.8
3.5
15.0
4.5
10.4
6.0
3.2
1.6
1.3
4.6
0.6
4.0
2.9
0.6
2.3
2.3
3.1
0.6
2.5
2.2
86.1
1.7
1.5
2.6
4.6
17.1
10.2
6.9
6.0
7.4
3.2
3.9
17.7
5.8
11.9
8.7
5.0
1.7
2.0
6.0
0.7
5.4
3.2
0.7
2.5
2.4
28
29
30
G o vern m en t.....................................................................................................................
Federal............................................................................................................................
State and local..............................................................................................................
12.5
8.4
4.1
12.4
7.8
4.6
12.6
7.1
5.5
13.5
6.9
6.6
14.2
6.8
7.4
15.1
6.5
8.6
14.4
5.7
8.6
14.2
5.7
8.5
13.9
5.4
8.5
31
32
Addenda:
Private goods-producing industries1..........................................................................
Private services-producing industries2 ......................................................................
39.8
47.8
40.5
47.1
38.0
49.4
34.9
51.7
34.0
51.8
31.1
53.8
30.9
54.7
28.4
57.4
24.9
61.2
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
7.1
4.0
1.6
1.5
5.5
0.6
4.8
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food
services; and other services, except government,
D ecem ber 2005
83
S u r v e y o f C u r r e n t B usin ess
Table 3. Real Value Added by Industry Group
Average Annual Rates of Change for Selected Periods
[Percent]
Line
1947-52
1957-62
1952-57
1962-67
1967-72
1972-77
1977-82
1982-87
1
G ross dom estic product.....................................................................................
4.8
3.0
3.4
5.1
3.3
3.0
1.8
4.5
2
3
4
fi
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Private industries...........................................................................................................
Agriculture, forestry, fishing, and hunting..............................................................
M ining.............................................................................................................................
Utilities............................................................................................................................
Construction.......
Manufacturing....
Durable goods..........................................................................................................
Nondurable goods...................................................................................................
Wholesale trade...........................................................................................................
Retail trade.....................................................................................................................
Transportation and warehousing..............................................................................
Information.....................................................................................................................
Finance, insurance, real estate, rental, and leasing............................................
Finance and insurance...........................................................................................
Real estate and rental and leasing......................................................................
3.2
1.2
2.9
7.3
4.0
2.1
1.8
2.5
3.9
3.1
1.1
4.4
5.4
5.3
5.5
3.6
4.0
2.8
4.6
4.6
3.2
4.8
3.0
2.3
3.1
2.6
3.3
1.4
0.2
6.3
3.9
2.4
1.6
3.5
5.7
2.7
5.2
2.4
3.9
5.7
2.2
6.6
7.6
5.1
5.8
4.5
5.2
7.3
4.4
3.8
4.5
1.8
6.3
0.0
-3 .3
-4 .3
0.0
-1.1
1.8
4.6
0.8
0.2
6.0
3.8
5.1
3.2
3.0
1.8
3.3
1.0
3.9
5.1
0.8
4.8
3.5
1.4
3.8
2.7
4.0
2.4
-0 .6
7.8
7.2
6.9
9.9
3.1
4.1
3.0
4.3
2.7
4.8
3.0
2.5
5.2
3.8
4.4
3.6
4.1
4.4
3.1
4.5
5.5
2.0
6.1
3.8
6.9
3.1
0.6
4.7
2.6
1.2
7.4
6.8
5.4
6.5
3.6
4.7
5.5
4.9
3.7
3.0
2.8
3.0
6.0
6.2
5.6
6.0
6.1
5.2
6.2
3.4
1.8
1.4
5.7
-2 .8
2.7
1.8
4.1
5.4
3.6
3.3
6.4
5.1
4.9
5.1
4.1
4.1
3.6
4.8
6.2
3.9
6.7
3.2
2.7
1.6
3.6
-0 .3
3.2
3.1
3.3
2.7
2.8
Professional and business services........................................................................
Professional, scientific, and technical services
Management of companies and enterprises....................................................
Administrative and waste management services............................................
Educational services, health care, and social assistance.................................
Educational services..............................................................................................
Health care and social assistance.......................................................................
Arts, entertainment, recreation, accommodation, and food services.............
Arts, entertainment, and recreation....................................................................
Accommodation and food services....................................................................
Other services, except government........................................................................
4.6
2.9
1.3
11.3
8.6
6.1
7.3
4.6
4.3
3.7
0.4
4.7
5.2
4.1
5.5
3.8
2.8
4.6
4.3
4.3
3.6
4.5
2.2
0.5
2.6
1.0
28
29
30
G overnm ent......................................................................................................................
Federal............................................................................................................................
State and local..............................................................................................................
4.4
5.5
2.8
1.1
-1.1
4.4
2.7
1.1
4.6
4.3
3.4
5.3
1.5
-1 .8
4.3
1.3
-0 .6
2.7
1.2
0.9
1.3
1.8
2.0
1.6
31
32
Addenda:
Private goods-producing industries1..........................................................................
Private services-producing industries2 ......................................................................
5.5
3.8
2.3
3.9
2.4
4.1
5.5
5.0
1.7
4.5
2.6
3.5
-0.1
2.9
4.9
4.6
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
0.8
4.6
5.0
2.6
5.7
4.1
4.3
3.2
5.4
5.8
4.5
6.1
2.8
4.0
2.5
2.9
4.3
4.7
4.2
4.0
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food
services; and other services, except government,
84
G r o s s D o m e s tic P r o d u c t b y In d u s try
D ecem ber 2005
Table 4. Value-Added Price Indexes by Industry Group
Average Annual Rates of Change for Selected Periods
[Percent]
1 947-52
Line
1952-57
1957-62
1962-67
1967-72
1972-77
1977-82
1982-87
1
G ross dom estic p ro d u c t....................................................................................
3.1
2.1
1.5
2.1
4.8
7.2
8.0
3.1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Private in d u strie s ..........................................................................................................
Agriculture, forestry, fishing, and hunting..............................................................
Mining.............................................................................................................................
Utilities............................................................................................................................
Construction.................................................................................................................
Manufacturing...............................................................................................................
Durable goods..........................................................................................................
Nondurable goods...................................................................................................
Wholesale trade............................................................................................................
Retail trade....................................................................................................................
Transportation and warehousing.............................................................................
Information.....................................................................................................................
Finance, insurance, real estate, rental, and leasing..........................................
Finance and insurance..........................................................................................
Real estate and rental and leasing....................................................................
Professional and business services.......................................................................
Professional, scientific, and technical services...............................................
Management of companies and enterprises...................................................
Administrative and waste management services............................................
3.3
-0 .7
6.0
0.8
4.2
3.2
4.6
1.7
2.4
1.6
6.4
4.3
4.6
7.7
3.7
5.5
7.2
3.7
6.1
1.9
-4 .8
2.8
1.3
1.3
2.7
3.8
1.1
1.9
1.0
1.6
2.2
2.5
3.1
2.3
4.0
5.3
2.3
4.5
1.8
-0.1
-0 .8
-0 .2
5.8
0.7
0.4
1.1
1.2
2.7
0.4
0.9
2.5
4.9
1.8
2.8
3.6
1.4
3.3
4.4
6.6
4.4
3.2
12.7
2.7
3.3
1.9
3.1
5.0
4.5
3.0
4.1
5.3
3.7
4.6
5.4
3.3
4.7
7.2
5.5
20.6
8.0
9.4
6.5
6.7
6.2
7.6
7.1
21
22
23
24
25
26
27
Educational services, health care, and social assistance.................................
Educational services..............................................................................................
Health care and social assistance......................................................................
Arts, entertainment, recreation, accommodation, and food services............
Arts, entertainment, and recreation...................................................................
Accommodation and food services....................................................................
Other services, except government........................................................................
4.7
4.9
4.6
2.8
4.2
2.4
4.1
4.6
5.5
4.4
1.6
3.3
1.2
3.9
1.3
0.7
-1 .3
1.3
0.1
1.0
1.6
0.3
0.4
1.8
0.8
1.8
1.8
3.5
1.2
2.4
3.3
1.2
2.5
2.6
5.3
2.1
2.3
3.5
1.9
2.7
4.2
5.6
4.0
3.0
3.3
2.9
3.0
6.3
9.5
5.6
5.3
5.0
5.4
5.4
7.1
4.3
7.6
7.0
6.2
7.3
7.8
8.0
0.5
22.5
16.0
11.2
6.6
7.1
5.7
4.2
6.9
6.6
5.3
8.1
7.2
8.5
9.2
9.5
8.9
8.7
9.8
8.8
9.9
8.4
5.6
9.2
9.6
3.1
-0 .3
-1 0 .9
1.1
4.1
0.7
0.0
1.8
1.7
3.1
2.3
4.5
6.1
7.4
5.5
4.3
5.3
2.3
3.8
6.7
5.3
6.9
4.1
4.2
4.0
5.4
28
29
30
G o vern m en t.....................................................................................................................
Federal............................................................................................................................
State and local..............................................................................................................
3.4
1.0
7.4
4.3
4.2
4.6
3.5
3.2
3.9
4.0
3.7
4.3
8.0
9.2
7.1
7.8
8.2
7.5
8.4
8.9
8.1
5.5
4.6
6.1
31
32
Addenda:
Private goods-producing industries1...........................................................................
Private services-producing industries2 ......................................................................
2.7
3.8
1.5
2.2
0.8
1.7
1.2
2.2
4.5
4.4
7.5
7.0
8.1
7.9
0.1
4.4
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information;
finance, insurance, real estate, rental, and leasing; professional and business services; educational
6.8
5.3
6.4
7.7
5.9
8.3
8.4
7.7
8.9
services, health care, and social assistance; arts, entertainment, recreation, accommodation, and
food services; and other services, except government,
S B E A
B U R E A U O F E C O N O M IC A N A L Y S IS
U .S . D E P A R T M E N T O F C O M M E R C E
is h ir in g
E conom ists, a c c o u n ta n ts , and in fo rm a tio n te ch n o lo g y s p e c ia lis ts ,
BEA has a role fo r you.
C o m e w o rk fo r a to p -n o tc h F ed eral s ta tis tic a l agency:
• A re c e n t F ederal em p lo y e e survey n a m e d BEA as an
“e m p lo y e r o f c h o ic e ,” ra n k in g us a m o n g th e to p five a g en cies.
• A re c en t G o vern m en t w id e ass e ss m e n t o f p rogram effec tiv e n e ss
ranked BEA in th e to p 1 p e rc e n t o f th e p ro g ram s assessed.
BEA’s w o rk m a k es a d iffe re n c e . It is a w orld le a d e r in p ro d u cin g v ita l
e c o n o m ic s ta tis tic s th a t in flu e n c e d ecisio n s by g o vern m en t o ffic ia ls ,
business le a d e rs , and households.
G ross d o m e s tic p ro d u c t (G D P)
P ersonal in co m e, s p e n d in g , and saving
Indu stry in p u t and o u tp u t
In te rn a tio n a l tra n s a c tio n s
and in v e stm en t
S ta te and local a re a perso n al in co m e
BEA has im m e d ia te op en in g s fo r
both e n try-level and a d van ced positions.
For m ore in fo rm a tio n , v isit ou r W eb site.
w w w . b e a . g o v
j
m
86
Decem ber 2005
Subject Guide
V
o lum e
8 5 ( 2 0 0 5 ) Ja n u a r y - D
ecember
This guide lists the major items that were published in the Survey of Current
B usiness in the January-December 2005 issues. 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.
G eneral
Research spotlight
Hedonic Price Indexes for Digital Cameras {February,
2 0 }
Schedule of BEA News Releases in 2006 {October, 161;
December, 88}
Strengthening Americas Economic Infrastructure
A Report on the Conference of the U.S. Chamber of
Commerce and BEA {August, 8}
N ational
Federal budget estimates
For Fiscal Year 2006 {March, 14}
NIPA Estimates of the Federal Sector and the Fed
eral Budget Estimates [box, 15]
Federal personal income tax liabilities and payments
For 1959 to 2003 {November, 29}
Fixed assets and consumer durable goods
For 1994-2004 {September, 19}
Input-output (I-O) accounts
Preview o f the Benchmark 1-0 Accounts for 2002
Preliminary Estimates of Gross Output and Pro
posed Classification Framework {September, 66}
Inventories, sales, and inventory-sales ratios for
manufacturing and trade
Third Quarter 2004 {lanuary, 6}
Fourth Quarter 2004 {April, 10}
First Quarter 2005 {July, 6}
Fourth Quarter 2001 to Second Quarter 2005 {Octo
ber, 21}
National income and product accounts (NIPAs)
Annual Revision
Annual Estimates for 2002-2004 and Quarterly
Estimates for First Quarter 2002 to First Quarter
2005 {August 13}
Newly Available NIPA Tables
Table 7.19 {September, 18}
Tables 3.15.1-3.15.6, 3.16-3.19, and 8.1-8.6
{October, 11}
Tables 2.9 and 7.20 {November, 9}
NIPA Tables {August, 36}
BEA Personal Income and IRS Adjusted Gross
Income
New Estimates for 2003 and Revised Estimates for
2002 {November, 30}
Business Situation
Advance Estimates
Fourth Quarter 2004 and for 2004 {Febru
ary, 1}
First Quarter 2005 {May, 1}
Second Quarter 2005 {August, 1}
Third Quarter 2005 {November, 1}
Preliminary Estimates
Fourth Quarter 2004 {March, 1}
First Quarter 2005 {June, 1}
Second Quarter 2005 {September, 1}
Third Quarter 2005 {December, 1}
The Impact of the Third-Quarter Hurricanes
on the NIPAs [box, 4]
Final Estimates
Third Quarter 2004 {January, 1}
Fourth Quarter 2004 {April, 1}
Saving, Wealth, Investment, and the CurrentAccount Deficit [box, 3]
First Quarter 2005 {July, 1}
Second Quarter 2005 {October, 1}
Government Sector
Fourth Quarter 2004 {April, 7}
First Quarter 2005 {June, 14}
Second Quarter 2005 {September, 15}
Third Quarter 2005 {December, 16}
GDP and Other Major NIPA Series
For 1929 to Second Quarter 2005 {August, 173}
Index to the NIPA Tables {May, 48}
Receipts and Expenditures o f State Governments and
of Local Governments
New Estimates for 2002-2004 and Revised Esti
mates for 1990-2001 {October, 5}
D ecem ber 2005
S u r v e y o f C u r r e n t B usiness
Reliability of the NIPA Estimates of U.S. Economic
Activity {February, 8}
Vintages and Timing of the NIPA Revisions
[box, 9]
Updated Summary NIPA Methodologies {Novem
ber, 11}
Industry
Industry accounts
Annual Industry Accounts
Advance Estimates for 2004 {May, 7}
Introducing KLEMS Input Estimates for
1997-2003 {September, 31}
Revised Estimates for 2001-2003 {January, 9}
Revised Estimates for 2002-2004 {December, 18}
Annual I-O Tables and the Health Care Industry,
1998-2004 [box, 32]
Gross Output: Annual Industry and Preliminary
Benchmark I-O Estimates [box, 29]
Gross Domestic Product by NAICS-Based Industry
for 1947-1986 {December, 70}
Interpreting the Value-Added Price Index [box, 77]
U.S. Travel and Tourism Satellite Accounts for
2001-2004 {June, 17}
International
Direct investment positions: Country and industry
detail
For 2004 {July, 40}
Holding Companies in the Data on U.S. Direct
Investment Abroad [box, 45]
Foreign direct investment in the United States
Detail for Historical-Cost Position and Related
Capital and Income Flows, 2004 {September,
78}
New Investment in 2004 {June, 30}
Operations of U.S. Affiliates of Foreign Companies in
2003 {August, 198}
U.S. direct investment abroad
Detail for Historical-Cost Position and Related Capi
tal and Income Flows, 2004 {September, 117}
Operations of U.S. Multinational Companies in 2003
{July, 9}
U.S. international accounts
Annual Revision for 1991-2004 {July, 54}
U.S. international investment position
Yearend 2004 {July, 30}
U.S. international services
Cross-Border Trade in 2004 and Sales Through Affili
ates in 2003 {October, 25}
87
U.S. international transactions
An Ownership-Based Framework of the U.S. Current
Account for 1992-2003 {January, 77}
For 2004 {April, 24}
Errata {May, 80}
How BEA Aligns and Augments Source Data From
the U.S. Treasury Department for Inclusion in the
International Transactions Account {July, 68}
Quarterly Estimates
Third Quarter 2004 {January, 45}
Fourth Quarter 2004 {April, 14}
First Quarter 2005 {July, 72}
The Effect of the American Jobs Creation Act of
2004 on U.S. International Transactions [box,
78]
Second Quarter 2005 {October, 78}
Reconciliation of the United States-Canadian Cur
rent Account, 2003 and 2004 {November, 36}
R egional
Gross state product
Comprehensive Revision: Accelerated Estimates
For 2003 and Revised Estimates for 1977-2002
{January, 80}
Gross State Product (GSP) Estimates [box, 82]
Prototype Accelerated GSP Estimates for 2003
[box, 81 ]
For 2004 and Revised Estimates for 1997-2003
{July, 122}
Prototype Accelerated GSP Estimates for 2004
[box, 122]
Local area personal income
For 2001-2003 {May, 20}
Alternative Measures of Employment and Wages
[box, 24]
State personal income
State Per Capita Personal Income for 2004 {April,
70}
Alternative Measures of Household Income [box,
76]
The Microsoft Dividend [box, 70]
Quarterly Estimates
Third Quarter 2003 {January, 109}
Fourth Quarter 2004 {April, 70}
First Quarter 2005 {July, 148}
Second Quarter 2005 and Revised Estimates for
2002 to First Quarter 2005 {October, 111}
New Treatment of State Estimates of Military
Compensation [box, 116]
88
D ecem ber 2005
S c h e d u l e o f B E A N e w s R e l e a s e s in 2 0 0 6
Ja n u a r y
U.S. International Trade in Goods and Services, November 2 0 0 5 *............................... Jan. 12
Gross Domestic Product, Fourth Quarter 2005 (ad v ance)............................................ Jan. 27
Personal Income and Outlays, December 200 5.................................................................. Jan. 30
F eb ru ary
U.S. International Trade in Goods and Services, December 2 0 0 5 *............................... Feb. 10
Gross Domestic Product, Fourth Quarter 2005 (prelim inary)......................................Feb. 28
M arch
April
Personal Income and Outlays, January 2 0 0 6 .......................................................................March 1
U.S. International Trade in Goods and Services, January 2 0 0 6 * ....................................March 9
U.S. International Transactions, Fourth Quarter 2005..................................................... March 14
Tourism Satellite Accounts, Fourth Quarter 2005..............................................................March 20
Quarterly State Personal Income, First Quarter 2002-Fourth Quarter 2005 and
Annual State Personal Income, 2005 (preliminary)..................................................... March 28
Gross Domestic Product, Fourth Quarter 2005 (final) and
Corporate Profits, Fourth Quarter 2005 .........................................................................March 30
Personal Income and Outlays, February 2 006.................................................................... March 31
U.S. International Trade in Goods and Services, February 2 0 0 6 * ................................. April 12
Advance Summary Estimates for Multinational Companies, 200 4 ............................... April 20
Local Area Personal Income, 2002-2004 ............................................................................. April 25
Advance Gross Domestic Product by Industry, 2005 ....................................................... April 27
Gross Domestic Product, First Quarter 2006 (advance)...................................................April 28
May
Personal Income and Outlays, March 2 0 0 6 .........................................................................May 1
U.S. International Trade in Goods and Services, March 2 0 0 6 * ......................................May 12
Gross Domestic Product, First Quarter 2006 (preliminary) and
Corporate Profits, First Quarter 2006 (preliminary)...................................................May 25
Personal Income and Outlays, April 2006 ........................................................................... May 26
Ju n e
Foreign Investors Spending, 2005.......................................................................................... June 1
Gross State Product, 2005, and Revised Gross State Product, 2002-2004 ..................June 6
Tourism Satellite Accounts, First Quarter 2006.................................................................. June 7
U.S. International Trade in Goods and Services, April 2 0 0 6 * ........................................June 9
U.S. International Transactions, First Quarter 2 006 ......................................................... June 16
State Personal Income, First Quarter 2005-First Quarter 2006......................................June 22
U.S. International Investment Position, 2005 .................................................................... June 29
Gross Domestic Product, First Quarter 2006 (final) and
Corporate Profits, First Quarter 2006 (revised)........................................................... June 29
Personal Income and Outlays, May 2 006 ............................................................................. .June 30
D ecem ber 2005
July
August
89
S u r v e y o f C u r r e n t B u sin ess
U.S. International Trade in Goods and Services, May 2006*............................................July 12
Gross Domestic Product, Second Quarter 2006 (advance)............................................ ..July 28
Personal Income and Outlays, June 2006 .............................................................................Aug.
U.S. International Trade in Goods and Services, June 2006*.......................................... Aug.
Gross Domestic Product, Second Quarter 2006 (preliminary) and
Corporate Profits, Second Quarter 2006 (preliminary).............................................. Aug.
Personal Income and Outlays, July 2 0 0 6 ............................................................................. ..Aug.
1
10
30
31
September
U.S. International Trade in Goods and Services, July 2 0 0 6 * ............................................Sept. 12
U.S. International Transactions, Second Quarter 2006 .....................................................Sept. 18
Tourism Satellite Accounts, Second Quarter 2006 ........................................................... ..Sept. 20
State Personal Income, First Quarter 2003-Second Quarter 2006 and
Revised State Personal Income, 2003-2005.................................................................... ..Sept. 26
Gross Domestic Product, Second Quarter 2006 (final) and
Corporate Profits, Second Quarter 2006 (revised)....................................................... ..Sept. 28
Personal Income and Outlays, August 2006 ...................................................................... ..Sept. 29
October
U.S. International Trade in Goods and Services, August 2 0 0 6 * ................................... ..Oct. 12
Gross Domestic Product, Third Quarter 2006 (advance).............................................. ..Oct. 27
Personal Income and Outlays, September 2006 ..................................................................Oct. 30
November
U.S. International Trade in Goods and Services, September 2 0 0 6 * ...............................Nov. 9
Gross Domestic Product, Third Quarter 2006 (preliminary) and
Corporate Profits, Third Quarter 2006 (preliminary)................................................ Nov. 29
Personal Income and Outlays, October 2006 .................................................................... ..Nov. 30
December
U.S. International Trade in Goods and Services, October 2 0 0 6 * ................................. ..Dec. 12
Tourism Satellite Accounts, Third Quarter 2006 ................................................................Dec. 14
U.S. International Transactions, Third Quarter 2006....................................................... ..Dec. 18
State Personal Income, First Quarter 2005-Third Quarter 2006 ................................. ..Dec. 20
Gross Domestic Product, Third Quarter 2006 (final) and
Corporate Profits, Third Quarter 2006 (revised)......................................................... ..Dec. 21
Personal Income and Outlays, November 2006 ..................................................................Dec. 22
All releases are scheduled for 8:30 a.m.
* Joint release by the Census Bureau and the Bureau of Economic Analysis
UnitedStatesPostalService
I.P uM cataT rtte
S U R V E Y O F C U R R E N T B U S IN E S S
4. Issue Frequency
3
7
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M O NTHLY
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37 2 3
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1444
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Sales Throw* Dealers and Carters, Street Vendors,
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101
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1057
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Total Number of Copies (Net press run)
a,
Paid/Requested OutsMe-Cowty Mai S tite p o n s Stated on
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D O M -$ 6 3 .0 0
F O R Rft ? n
Contact Person
Jam es Kim
Telephone
b. Paid artd/or m
Requested
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(2 0 2 )6 0 6 -9 2 7 5
8. Complete M aing Address of Headquarters or General Business Office of Publisher {Not printer)
Paid In-County Subsetpons Stated on Form 3541
S A M E A S #7
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by Mail
(Samples,
compfiment
ary, and
ottarfteej
Editor (Name and complete mailing address)
m
*
Outside-Counfy as Stated on Form 3541
(2) In-County as Stated on Form 3541
(3) Other Classes Mated Through the USPS
®* Free Distribution Outside the I M
J A M E S K IM
SAM E AS #7
(Carriers or cither means)
f.
Managing Editor (Name and complete mailing address)
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931
Copies not Distributed
1084
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p
Total (Sum of 15g. and h.)
I■ Percent Paid and/or Requested Circulation
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372 3
3 74 0
9 6.7
96.6
1$. Publication of Statement of Ownership
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□ Pubication required. W i be txinledin the
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Jam es Kim E ditor-ln-C h^ f
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Date
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or who omits material or information requested on the form may be subject to ciW nai sanctions (including fines and imprisonment) and/or civS sanctions
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PS Form 3526, October 1999
(See Instmctbns on Reverse)
1.
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for your records.
2.
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4.
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(2) estimated returns from news agents, and (3), copies for office use, leftovers, spoiled, and all other copies not distributed.
5.
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PS Form 3526, October 1999 (Reverse)
D ecem ber 2005
D
BEA
C urrent
and
H isto rical
D ata
National, International, and Regional Data
A selection of estimates from the national, industry, in
ternational, and regional accounts of the Bureau of Eco
nomic Analysis (BEA) are presented in this section. BEA’s
estimates are not copyrighted and may be reprinted with
out BEA’s permission, and citing the Survey of Current
Business and BEA as the source is appreciated.
More detailed estimates from BEA’s accounts are avail
able on BEA’s Web site at < www.bea.gov>. These esti
mates are available in a variety of formats, including
interactive access. In addition, news releases, articles, and
other information, including methodologies and work
ing papers, are available.
The tables present annual [A], quarterly [Q], and monthly [M] data.
N a tio n a l D a ta
A. Selected NIPA tables [A, Q]
1. Domestic product and income................................D-2
2. Personal income and outlays.................................D-18
3. Government current receipts and expenditures ...D-21
4. Foreign transactions............................................... D-33
5. Saving and investment...........................................D-37
6 . Income and employment by industry.................. D-42
7. Supplemental tables................................................ D-43
F.2 USDIA: Selected items......................................... D-65
F.3 Selected financial and operating data of foreign
affiliates of U.S. companies............................D-66
F.4 FDIUS: Selected items......................................... D-67
F.5 Selected financial and operating data of U.S.
affiliates of foreign companies...................... D-68
G. Charts
The United States in the international economy..... D-69
R e g io n a l D a ta
B. Other NIPA and NIPA-related tables
B.l Personal income and its disposition [A, M ]...... D-46
B.2 Value added by industry [A]................................D-47
C. Historical measures [A, Q]
C.1 GDP and other major NIPA aggregates............. D-48
D. Charts
Selected NIPA series................................................... D-52
In te r n a t io n a l D a ta
E. Transactions tables
E.l U.S. international transactions in goods
and services [A, M ]........................................... D-58
E.2 U.S. international transactions [A, Q ]............... D-59
E.3 U.S. international transactions by area [Q]....... D-60
E.4 Private services transactions [A].........................D-63
F. Investment tables [A]
F.l U.S. international investment position.............. D-64
H. State and regional tables
H.l Personal income [Q]...........................................D-70
H.2 Personal income and per capita
personal income [A]..........................................D-71
H.3 Disposable personal income and per capita
disposable personal income [A]...................... D-72
H.4 Gross state product [A].......................................D-73
I. Local area table
I.1 Personal income and per capita personal income
by metropolitan area [A]..................................D-74
J. Charts
Selected regional estimates.........................................D-76
A p p e n d ix e s
A: Additional information about the NIPA estimates
Statistical conventions................................................ D-7 8
Reconciliation table [A, Q ]........................................D-79
B: Suggested reading....................................................... D-80
D -2
D ecem ber 2005
N a tio n a l D a ta
A. S elected NIPA Tables
The selected set of NIPA tables presents the
most recent estimates of gross domestic product
(GDP) and its components that were released
on November 30, 2005. These estimates include
the “preliminary” estimates for the third quar
ter o f 2005 and revised estimates o f wages and
salaries and of affected income-side series for
the second quarter of 2005.
The selected set presents quarterly estimates
that are updated monthly. Annual estimates are
presented in most of the tables.
The GDP news release is available on BEA’s
Web site within minutes after the release. To re
ceive an e-mail notification o f the release, go to
< www.bea.gov>, and subscribe. The “Selected
NIPA Tables” are available later that day.
1. Domestic Product and Income
Table 1.1.1. Percent Change From Preceding Period in Real
Gross Domestic Product
Table 1.1.2. Contributions to Percent Change in Real
Gross Domestic Product
[Percent]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods............................
Nondurable goods.....................
S ervices.....................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
services.....................................
Exports........................................
Goods.....................................
Services.................................
Im ports........................................
Goods.....................................
Services.................................
Government consumption
expenditures and gross
investment.................................
Federal.......................................
National defense....................
Nondefense...........................
State and local...........................
Seasonally adjusted at annual rates
Line
2005
IV
I
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2
3
4
5
2.9
6.6
3.2
2.0
3.9
6.0
4.7
3.0
4.4
10.8
3.9
3.4
4.3
5.5
5.5
3.6
3.5
2.6
5.3
2.8
3.4
7.9
3.6
2.3
4.2
10.5
3.6
3.3
6
7
8
9
10
11
12
3.9
3.6
1.3
-4.2
3.2
8.4
11.9
9.7
9.4
2.2
11.9
10.3
4.6
8.4
11.8
1.4
15.5
2.6
6.8
7.2
10.4
4.7
12.4
1.6
8.6
7.0
5.7
-2.0
8.3
9.5
-3.7
9.5
8.8
2.7
10.9
10.8
5.8
8.6
8.8
2.7
10.8
8.4
13 .............. .............. ............. .............. .............. ............. ..............
8.4
10.7
14
1.8
5.5
7.1
7.5
0.8
1.8
8.9
8.2
3.7
3.0
15
5.3
16.0
1.7
7.4
-0.4
16
-0.6
15.5
12.5
-3.9
10.7
4.7
2.1
17
4.6
11.3
7.4
-0.3
4.7
11.0
8.2
-1.1
3.3
18
4.9
13.0
4.6
3.7
4.4
19
3.0
9.6
3.1
-3.9
2.8
6.9
8.8
3.4
0.6
2.2
5.2
7.0
1.8
0.4
1.8
3.6
9.0
-6.4
0.8
0.9
-0.6
-3.3
5.2
1.8
1.9
2.4
3.0
1.1
1.6
2004
2.5
2.4
3.7
-0.2
2.6
2004
III
1
20
21
22
23
24
2003
III
II
3.2
8.1
10.3
3.6
0.4
Percent change at annual rate:
Gross domestic product....
Percentage points at annual
rates:
Personal consumption
expenditures............................
Durable goods...........................
Nondurable g oods.....................
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...........................
2005
IV
I
II
III
1
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2
3
4
5
2.05
0.57
0.63
0.85
2.71
0.51
0.94
1.27
3.05
0.88
0.78
1.39
3.01
0.45
1.09
1.47
2.44
0.22
1.07
1.15
2.35
0.64
0.74
0.97
2.97
0.85
0.74
1.38
6
7
8
9
10
11
12
0.58
0.54
0.13
-0,11
0.24
0.41
0.05
1.82
1.47
0.92
0.06
0.86
0.55
0.35
0.75
1.31
1.15
0.04
1.12
0.15
-0.56
1.11
1.13
1.04
0.12
0.92
0.09
-0.03
1.42
1.12
0.58
-0.05
0.64
0.54
0.29
-0.63
1.51
0.90
0.07
0.83
0.62
-2.14
0.96
1.40
0.91
0.07
0.83
0.50
-0.44
13
14
15
16
17
18
19
-0.46
0.17
0.12
0.05
-0.63
-0.56
-0.07
-0.73
0.80
0.59
0.22
-1.53
-1.30
-0.23
-0.17
0.53
0.55
-0.02
-0.70
-0.59
-0.11
-0.98
0.70
0.25
0.44
-1.68
-1.60
-0.08
-0.40
0.74
0.37
0.37
-1.14
-1.05
-0.10
1.11
1.07
1.08
-0.01
0.04
0.15
-0.11
-0.25
0.09
0.22
-0.13
-0.34
-0.44
0.10
20
21
22
23
24
0.53
0.45
0.37
0.08
0.08
0.41
0.36
0.32
0.04
0.05
0.35
0.25
0.41
-0.16
0.10
0.17
-0.04
-0.16
0.12
0.21
0.35
0.17
0.14
0.03
0.19
0.47
0.17
0.17
-0.01
0.31
0.60
0.56
0.48
0.08
0.04
Decem ber 2005
S u r v e y o f C u r r e n t B u sin ess
D -3
Table 1.1.3. Real Gross Domestic Product, Quantity Indexes
Table 1.1.4. Price Indexes for Gross Domestic Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
2005
III
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods...........................
Nondurable goods.....................
S ervices.....................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
services.....................................
Exports.......................................
Goods.....................................
S ervices.................................
Im ports.......................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local...........................
1 105.130
2
3
4
5
6 93.195
7 95.297
8 88.063
9 77.621
10 92.154
11 113.989
1?
IV
109.562 110.104 111.003
108.416 112.601
119.134 126.245
107.938 113.000
106.493 109.725
I
Line
II
113.030 114.236 115.217
127.463 129.166 129.999
113.337 114.857 116.351
110.059 111.027 111.789
116.176 117.390
132.499 135.838
117.392 118.440
112.440 113.366
104.286 105.644 107.398 109.645 108.615 110.164
104.534 106.027 107.880 109.722 112.252 114.601
96.314 97.790 100.246 101.633 103.806 106.008
79.314 79.635 80.554 80.145 80.680 81.225
103.126 105.087 108.201 110.376 113.274 116.228
125.714 127.267 127.772 130.695 134.100 136.836
101.970
99.899
107.119
116.495
116.830
114.991
20
21
22
23
24
113.398 113.753 114.008 114.537
125.038 125.881 125.704 126.446
129.970 131.709 130.621 131.595
116.166 115.399 116.865 117.188
107.487 107.592 108.069 108.489
102.622
101.120
106.368
117.328
117.563
116.317
104.398
102.031
110.275
120.518
121.221
117.217
106.295
103.356
113.578
122.698
123.629
118.292
109.037
107.266
113.466
122.620
123.276
119.561
2003
2004
III
112.044 112.959 114.150
1H
14 94.064
15 91.763
16 99.776
17 105.205
18 105.288
19 104.921
111.009
118.839
121.447
114.159
107.042
Seasonally adjusted
109.266
108.056
112.336
123.268
124.292
118.381
115.248 116.151
127.188 129.684
132.791 136.101
117.120 118.156
109.183 109.281
Gross domestic product....
Personal consumption
expenditures............................
Durable g oods...........................
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.....................................
E xports.......................................
Goods.....................................
Services..................................
Imports........................................
Goods.....................................
Services..................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local...........................
2004
2005
III
IV
109.371
110.111
110.950 111.655 112.486
2 105.520 108.246 108.484 109.326
3 92.372 90.631
90.310 90.449
4 104.151 107.634 107.781 108.982
5 109.246 112.695 113.120 113.955
109.936 110.832 111.815
90.648 90.527 89.838
109.327 110.854 112.978
114.803 115.633 116.456
1 106.310 109.102
I
II
103.311 106.555 107.120
103.432 106.697 107.248
99.764 101.025 101.185
113.889 120.124 121.159
95.133 95.022
94.945
112.379 119.935 121.312
107.733
107.831
101.455
122.827
94.854
122.574
108.427 109.164
108.522 109.254
102.244 102.715
125.876 128.886
95.067 94.910
123.062 124.359
109.927
110.077
103.318
133.598
94.517
125.660
101.398 104.999
100.635 104.407
103.237 106.442
99.610 104.571
98.066 102.970
107.756 113.012
106.366
105.610
108.197
107.026
105.440
115.383
107.559
106.775
109.454
107.783
105.937
117.585
108.534
107.545
110.908
109.925
108.473
117.531
109.347
107.933
112.741
112.409
111.208
118.606
20 109.460 113.505 114.003 115.148 116.747 117.820
21 109.740 114.354 114.825 115.575 117.550 118.168
22 110.434 114.840 115.429 116.198 118.060 118.471
23 108.473 113.498 113.734 114.447 116.647 117.681
24 109.303 113.022 113.536 114.914 116.291 117.635
119.638
119.044
119.481
118.286
120.013
6
7
8
9
10
11
1?
n
14
15
16
17
18
19
105.242
104.629
106.735
105.269
103.692
113.586
Table 1.1.5. Gross Domestic Product
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product....
Personal consumption
expenditures............................
Durable goods...........................
Nondurable goods.....................
Services.....................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
services.....................................
Exports.......................................
G oods.....................................
S ervices.................................
Im ports.......................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local...........................
Line
2005
IV
I
I!
2003
2004
2
3
4
5
7,709.9
950.1
2,189.0
4,570.8
8,214.3
987.8
2,368.3
4,858.2
8,263.2
993.8
2,378.4
4,891.0
8,416.1
1,008.6
2,437.1
4,970.4
8,535.8
1,017.3
2,476.6
5,041.8
8,677.0
1,035.5
2,533.7
5,107.8
8,845.4
1,053.5
2,605.3
5,186.5
6
7
8
9
10
11
12
1,670.4
1,654.9
1,082.4
276.9
805.6
572.5
15.4
1,928.1
1,872.6
1,198.8
298.4
900.4
673.8
55.4
1,961.2
1,908.7
1,219.0
302.1
916.9
689.7
52.5
2,004.5
1,952.6
1,252.9
309.8
943.1
699.7
51.9
2,058.5
1,998.7
1,280.1
315.9
964.3
718.5
59.9
2,054.4
2,058.5
1,313.5
325.6
987.9
745.0
-4.2
2,097.6
2,117.4
1,349.3
339.8
1,009.5
768.2
-19.8
13
14
15
16
17
18
19
-500.9
1,045.6
724.3
321.3
1,546.5
1,283.9
262.6
-624.0
1,173.8
818.1
355.7
1,797.8
1,495.9
301.9
-638.0
1,183.8
829.7
354.1
1,821.8
1,515.0
306.8
-685.4
1,217.1
845.0
372.1
1,902.5
1,588.4
314.1
-697.5
1,253.2
865.4
387.7
1,950.6
1,627.6
323.0
-691.0
1,297.1
904.7
392.5
1,988.1
1,661.8
326.3
-734.2
1,309.6
914.6
395.0
2,043.8
1,717.7
326.1
20
21
22
23
24
2,091.9
754.8
496.7
258.2
1,337.1
2,215.9
827.6
552.7
274.9
1,388.3
2,232.5
836.5
562.9
273.6
1,395.9
2,260.0
840.8
562.0
278.8
1,419.1
2,302.0
860.2
575.3
285.0
1,441.7
2,337.6
869.8
582.5
287.3
1,467.7
2,392.2
893.5
602.1
291.4
1,498.8
2004
III
III
1 10,971.2 11,734.3 11,818.8 11,995.2 12,198.8 12,378.0 12,601.0
III
Gross domestic product....
Personal consumption
expenditures............................
Durable g oods...........................
Nondurable g oods.....................
Services......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential........................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
services.....................................
Exports.......................................
G oods.....................................
Services..................................
Imports.........................................
Goods.....................................
Services..................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local...........................
Residual...........................................
2005
IV
I
II
III
1 10,320.6 10,755.7 10,808.9 10,897.1 10,999.3 11,089.2 11,206.1
2
3
4
5
7,306.6
1,028.5
2,101.8
4,183.9
7,588.6
1,089.9
2,200.4
4,310.9
7,617.5
1,100.4
2,206.9
4,324.0
7,698.8
1,115.1
2,236.5
4,362.1
7,764.9
1,122.3
2,265.6
4,392.0
7,829.5
1,143.9
2,285.9
4,417.6
7,911.4
1,172.7
2,306.3
4,454.0
6
7
8
9
10
11
12
1,617.4
1,600.0
1,085.0
243.1
846.8
509.4
15.5
1,809.8
1,755.1
1,186.7
248.4
947.6
561.8
52.0
1,833.4
1,780.2
1,204.8
249.4
965.6
568.8
50.4
1,863.9
1,811.3
1,235.1
252.3
994.2
571.0
50.1
1,902.9
1,842.2
1,252.2
251.0
1,014.2
584.1
58.2
1,885.0
1,884.7
1,279.0
252.7
1,040.9
599.3
-1.7
1,911.9
1,924.1
1,306.1
254.4
1,068.0
611.5
-13.4
13
14
15
16
17
18
19
-521.4
1,031.2
719.7
311.2
1,552.6
1,309.2
243.7
-601.3
1,117.9
783.6
334.1
1,719.2
1,452.7
267.1
-606.5
1,125.0
793.1
331.8
1,731.5
1,461.9
270.2
-634.1
1,144.5
800.3
344.0
1,778.6
1,507.3
272.3
-645.4
1,165.3
810.7
354.3
1,810.7
1,537.3
274.8
-614.2
1,195.4
841.3
353.9
1,809.6
1,532.9
277.7
-621.3
1,197.9
847.5
350.4
1,819.1
1,545.5
275.0
20
21
22
23
24
25
1,911.1
687.8
449.7
238.0
1,223.3
2.6
1,952.3
723.7
481.3
242.2
1,228.4
-5.1
1,958.4
728.6
487.7
240.6
1,229.6
-7.3
1,962.8
727.6
483.7
243.6
1,235.0
-11.2
1,971.9
731.8
487.3
244.3
1,239.8
-12.4
1,984.1
736.1
491.7
244.2
1,247.8
-17.7
1,999.7
750.6
504.0
246.3
1,248.9
-24.0
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 differ
ence between the first line and the sum of the most detailed lines.
D -4
N a tio n a l D a ta
Table 1.1.7. Percent Change From Preceding Period in Prices for
Gross Domestic Product
D ecem ber 2005
Table 1.1.8. Contributions to Percent Change in the Gross Domestic Product
Price Index
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods...........................
Nondurable goods.....................
Services.....................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
services.....................................
Exports....
Goods..
Services
Imports....
Goods..
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense...........................
State and local............................
Addendum:
Gross national product.............
Line
2003
2004
2005
IV
I
II
2004
III
III
1
2.0
2.6
1.5
2.7
3.1
2.6
3.0
2
3
4
5
1.9
-3.5
2.0
3.0
2.6
-1.9
3.3
3.2
1.5
-2.4
0.1
2.9
3.1
0.6
4.5
3.0
2.3
0.9
1.3
3.0
3.3
-0.5
5.7
2.9
3.6
-3.0
7.9
2.9
6
7
8
9
10
11
1?
1.6
1.7
0.3
3.5
-0.9
4.8
3.1
3.2
1.3
5.5
-0.1
6.7
3.2
3.0
0.9
6.6
-0.9
6.9
2.3
2.2
1.1
5.6
-0.4
4.2
2.6
2.6
3.1
10.3
0.9
1.6
2.7
2.7
1.9
9.9
-0.7
4.3
2.8
3.0
2.4
15.4
-1.6
4.3
1U
14
15
16
17
18
19
2.1
2.0
2.5
3.4
2.9
5.8
3.6
3.7
3.1
5.0
5.0
4.9
1.7
1.0
3.2
5.7
5.4
7.4
4.3
3.8
5.6
6.8
6.9
6.5
4.6
4.5
4.7
2.9
1.9
7.9
3.7
2.9
5.4
8.2
9.9
-0.2
3.0
1.5
6.8
9.3
10.5
3.7
20
21
22
23
24
3.7
3.9
4.4
3.0
3.7
3.7
4.2
4.0
4.6
3.4
3.2
2.2
2.8
1.2
3.7
4.1
2.6
2.7
2.5
4.9
5.7
7.0
6.6
7.9
4.9
3.7
2.1
1.4
3.6
4.7
6.3
3.0
3.5
2.1
8.3
25
2.0
2.6
1.5
2.7
3.1
2.6
3.0
Percent change at annual rate:
Gross domestic product....
Percentage points at annual
rates:
Personal consumption
expenditures............................
Durable goods...........................
Nondurable g oods.....................
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...........................
2005
IV
I
II
III
1
2.0
2.6
1.5
2.7
3.1
2.6
3.0
2
3
4
5
1.34
-0.32
0.40
1.26
1.81
-0.16
0.67
1.31
1.02
-0.21
0.03
1.20
2.18
0.05
0.90
1.23
1.58
0.07
0.26
1.25
2.30
-0.04
1.14
1.20
2.50
-0.26
1.58
1.18
6
7
8
9
10
11
12
0.25
0.26
0.03
0.09
-0.06
0.24
-0.01
0.50
0.49
0.13
0.14
-0.01
0.36
0.01
0.53
0.48
0.09
0.16
-0.07
0.39
0.05
0.39
0.36
0.11
0.14
-0.03
0.24
0.03
0.44
0.42
0.33
0.26
0.07
0.09
0.01
0.46
0.45
0.20
0.25
-0.05
0.25
0.01
0.47
0.51
0.25
0.38
-0.13
0.25
-0.04
13
14
15
16
17
18
19
-0.26
0.20
0.13
0.07
-0.47
-0.33
-0.13
-0.38
0.35
0.25
0.09
-0.72
-0.60
-0.12
-0.68
0.17
0.07
0.10
-0.85
-0.66
-0.19
-0.60
0.43
0.26
0.17
-1.03
-0.87
-0.16
0.01
0.46
0.31
0.15
-0.45
-0.25
-0.20
-0.89
0.38
0.21
0.17
-1.26
-1.27
0.00
-1.13
0.31
0.11
0.21
-1.44
-1.35
-0.10
20
21
22
23
24
0.70
0.26
0.19
0.07
0.44
0.70
0.29
0.18
0.11
0.41
0.59
0.16
0.13
0.03
0.44
0.76
0.19
0.13
0.06
0.58
1.06
0.48
0.30
0.18
0.57
0.70
0.15
0.07
0.08
0.55
1.17
0.21
0.16
0.05
0.96
Table 1.1.9. Implicit Price Deflators for Gross Domestic Product
Table 1.1.10. Percentage Shares of Gross Domestic Product
[Index numbers, 2000=100]
[Percent]
Seasonally adjusted
2004
Line
Line
2003
2004
2004
III
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods............................
Nondurable goods.....................
S ervices.....................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Residential..............................
Change in private inventories...
Net exports of goods and
services.....................................
Exports
Goods.....................................
S ervices.................................
Im ports........................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Nondefense............................
State and local...........................
Addendum:
Gross national product.............
IV
I
II
III
1 106.305
109.099 109.343 110.077 110.905 111.622
2 105.520
3 92.372
4 104.151
5 109.246
108.245 108.476 109.318 109.927 110.824 111.806
90.630 90.310 90.446 90.646 90.524 89.836
107.635 107.769 108.970 109.315 110.842 112.965
112.695 113.112 113.947 114.795 115.625 116.448
6
7
8
9
10
11
1?
1U
14
15
16
17
18
19
112.448
103.277 106.532 106.968 107.544 108.182 108.987 109.716
103.432 106.697 107.221 107.802 108.493 109.224 110.047
99.764 101.025 101.173 101.443 102.231 102.702 103.305
113.889 120.123 121.133 122.799 125.847 128.857 133.568
95.133 95.022 94.950 94.859
95.072 94.915 94.521
112.379 119.935 121.269 122.530 123.019 124.315 125.616
101.398
100.636
103.237
99.611
98.066
107.756
104.999 105.224
104.407 104.612
106.443 106.715
104.571 105.218
102.971 103.635
113.012 113.562
106.348
105.593
108.177
106.969
105.378
115.358
107.540
106.757
109.433
107.727
105.875
117.560
20
21
22
23
24
109.459
109.740
110.434
108.473
109.303
113.505 113.997 115.142 116.740
114.354 114.818 115.568 117.542
114.840 115.419 116.188 118.050
113.498 113.729 114.442 116.643
113.022 113.530 114.907 116.285
25
106.299
109.091
109.334
2003
110.064
110.890
108.515
107.527
110.887
109.868
108.409
117.505
109.328
107.915
112.719
112.351
111.142
118.579
117.814
118.161
118.459
117.676
117.628
119.632
119.037
119.470
118.281
120.007
111.607
112.434
Gross domestic product....
Personal consumption
expenditures............................
Durable g oods...........................
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...........................
2005
2004
2005
III
IV
I
II
III
1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
2
3
4
5
70.3
8.7
20.0
41.7
70.0
8.4
20.2
41.4
69.9
8.4
20.1
41.4
70.2
8.4
20.3
41.4
70.0
8.3
20.3
41.3
70.1
8.4
20.5
41.3
70.2
8.4
20.7
41.2
6
7
8
9
10
11
12
15.2
15.1
9.9
2.5
7.3
5.2
0.1
16.4
16.0
10.2
2.5
7.7
5.7
0.5
16.6
16.1
10.3
2.6
7.8
5.8
0.4
16.7
16.3
10.4
2.6
7.9
5.8
0.4
16.9
16.4
10.5
2.6
7.9
5.9
0.5
16.6
16.6
10.6
2.6
8.0
6.0
0.0
16.6
16.8
10.7
2.7
8.0
6.1
-0.2
13
14
15
16
17
18
19
-4.6
9.5
6.6
2.9
14.1
11.7
2.4
-5.3
10.0
7.0
3.0
15.3
12.7
2.6
-5.4
10.0
7.0
3.0
15.4
12.8
2.6
-5.7
10.1
7.0
3.1
15.9
13.2
2.6
-5.7
10.3
7.1
3.2
16.0
13.3
2.6
-5.6
10.5
7.3
3.2
16.1
13.4
2.6
-5.8
10.4
7.3
3.1
16.2
13.6
2.6
20
21
22
23
24
19.1
6.9
4.5
2.4
12.2
18.9
7.1
4.7
2.3
11.8
18.9
7.1
4.8
2.3
11.8
18.8
7.0
4.7
2.3
11.8
18.9
7.1
4.7
2.3
11.8
18.9
7.0
4.7
2.3
11.9
19.0
7.1
4.8
2.3
11.9
D ecem ber 2005
S u r v e y o f C u r r e n t B usin ess
Table 1.2.1. Percent Change From Preceding Period in Real
Gross Domestic Product by Major Type of Product
D -5
Table 1.2.2. Contributions to Percent Change in Real Gross Domestic Product
by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product.. ..
Final sales of domestic
product..........................
Change in private
G oods.............................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private
Nondurable goods.....................
Final sales..............................
Change in private
Services2.......................................
S tructures.....................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
output.....................................
Final sales of computers3.........
Gross domestic product
excluding final sales of
computers...............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
Seasonally adjusted at annual rates
2005
IV
I
Line
II
2004
III
2004
III
1
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2
2.7
3.9
4.6
3.3
3.5
5.6
4.7
3.4
3.3
6.5
5.4
6.6
8.6
3.9
4.1
4.4
3.5
5.0
12.3
5.8
7.3
s
4
5
fi
/
8
2003
4.2
4.3
8.5
7.0
6.5
13.2
6.0
5.4
4.2
3.1
5.4
16.1
15.1
12.3
4
10
11
2.8
2.4
4.8
4.1
6.7
5.0
2.3
2.9
4.5
3.8
4.6
9.3
-1.3
3.2
1?
13
14
2.2
3.2
2.7
5.7
3.0
1.2
3.2
2.2
3.2
5.2
1.5
8.4
3.5
4.0
15
3.8
4.6
3.0
8.8
4.3
-0.3
17.5
16
17
2.7
20.2
4.2
20.4
4.0
13.3
3.1
56.5
3.8
54.9
3.4
45.4
3.8
20.8
18
2.6
4.1
3.9
3.0
3.5
3.0
4.2
19
2.9
4.5
3.8
3.8
3.6
1.8
4.2
Percent change at annual rate:
Gross domestic product....
Percentage points at annual
rates:
Final sales of domestic
product...........................
Change in private
inventories.....................
G oods.............................................
Final sales.............................
Change in private inventories
Durable g oods...........................
Final sa le s.............................
Change in private
inventories1........................
Nondurable goods.....................
Final sa le s..............................
Change in private
inventories1........................
Services2.......................................
Structures......................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
output......................................
Final sales of computers3.........
Gross domestic product
excluding final sales of
computers...............................
1
2.7
4.2
2
2.66
3.87
3
4
5
6
7
8
0.05
1.10
1.06
0.05
0.61
0.63
0.35
2.06
1.71
0.35
1.21
0.99
9
10
11
-0.02
0.49
0.42
0.22
0.85
0.72
12
13
14
0.07
1.30
0.31
15
2005
IV
4.0
II
I
III
3.3
3.8
3.3
4.3
4.54
3.33
3.51
5.45
4.73
-0.56
2.10
2.66
-0.56
0.94
1.78
-0.03
1.26
1.29
-0.03
0.85
0.77
0.29
1.41
1.12
0.29
0.61
0.44
-2.14
1.58
3.72
-2.14
0.78
2.16
-0.44
1.85
2.29
-0.44
2.07
1.72
-0.84
1.16
0.88
0.08
0.41
0.52
0.17
0.80
0.67
-1.37
0.80
1.57
0.35
-0.22
0.57
0.13
1.59
0.57
0.28
1.75
0.13
-0.11
1.82
0.23
0.12
1.86
0.53
-0.77
0.88
0.85
-0.79
2.01
0.43
0.14
0.16
0.11
0.29
0.15
-0.01
0.56
16
17
2.57
0.15
4.05
0.15
3.87
0.10
3.01
0.36
3.66
0.37
3.32
0.32
3.73
0.17
18
2.56
4.07
3.87
2.95
3.44
2.98
4.12
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. For some components of final sales of computers, includes computer parts.
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. For some components of final sales of computers, includes computer parts.
Table 1.2.3. Real Gross Domestic Product by Major Type of Product,
Quantity Indexes
Table 1.2.4. Price Indexes for Gross Domestic Product
by Major Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Gross domestic product . ..
Final sales of domestic
product..........................
Change in private
G oods.............................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private
Nondurable goods.....................
Final sales..............................
Change in private
Services2.......................................
Structures.....................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
o utp ut.....................................
Final sales of computers3.........
Gross domestic product
excluding final sales of
computers...............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
Seasonally adjusted
Line
2005
IV
I
II
109.562 110.104
111.003 112.044 112.959
114.150
2 105.564
109.650
111.122
114.937
110.211
112.088
113.613
109.533 110.453 111.518 112.717 114.088 115.709
109.680 110.665 111.770 112.734 116.053 118.106
100.283
101.654
108.766
108.732
109.425
110.114
111.020
111.581
112.169
112.429
113.665
116.708
117.728
120.151
q
10 105.369
11 106.310
110.465
110.678
111.607
111.340
112.237
112.151
113.479
113.211
114.751
115.752
114.368
116.679
Nondurable goods.....................
Final sa le s..............................
Change in private
1?
13 107.282
14 101.015
110.211
106.801
110.488 111.353
107.635 108.223
112.244 112.667 113.640
109.603 111.823 112.930
15 110.297
115.415
114.682
117.133
118.364
16 104.948
17 140.721
109.356
169.498
109.942
168.096
110.788 111.822 112.771 113.840
187.998 209.734 230.293 241.420
18 104.849
109.144
109.695
110.499
Services2.......................................
Structures......................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
output......................................
Final sales of computers3.........
Gross domestic product
excluding final sales of
computers...............................
19 105.877
110.642
111.196
112.228
111.442
113.236
112.269
113.732
123.130
113.417
114.896
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. For some components of final sales of computers, includes computer parts.
2004
III
Gross domestic product....
Final sales of domestic
product...........................
Change in private
102.890
104.079
118.275
2004
III
1 105.130
U
4
5
fi
/
8
2003
G oods.............................................
Final sa le s.............................
Change in private inventories
Durable g oods...........................
Final sa le s..............................
Change in private
2005
IV
I
II
III
1 106.310
109.102 109.371
110.111
110.950 111.655
112.486
2 106.330
109.124
110.124
110.963
111.667
112.509
u
4
5
fi
/
8
109.389
99.668 100.140
99.716 100.170
99.904 100.186 100.575
99.915 100.177 100.561
94.393
94.408
92.833
92.801
92.549
92.488
92.722
92.639
92.828
92.741
92.667
92.593
92.285
92.220
4
10 104.509
11 104.610
106.869
106.965
106.679
106.761
107.062
107.128
107.720
107.779
107.833
107.863
108.033
108.114
115.364 116.360
122.785 124.501
117.488
127.036
1?
13 109.371 112.975
14 112.277 118.857
15
113.407 114.327
120.045 121.433
100.555 100.469
100.533 100.476
96.368
96.427
95.837
97.080
98.393
98.133
96.731
16 106.696
17 54.006
109.599
49.637
109.903
49.496
110.622
47.057
111.441
44.535
112.185
42.259
113.108
40.369
18 106.982
109.887
110.162
110.958
111.861
112.629
113.520
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. For some components of final sales of computers, includes computer parts.
National Data
D -6
D ecem ber 2005
Table 1.2.5. Gross Domestic Product
by Major Type of Product
Table 1.2.6. Real Gross Domestic Product
by Major Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product . ..
Final sales of domestic
product..........................
Change in private
inventories.....................
G oods.............................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private
inventories1.......................
Nondurable goods.....................
Final sales..............................
Change in private
inventories1.......................
Services2........................................
Structures.....................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
output.....................................
Final sales of computers3.........
Gross domestic product
excluding final sales of
computers...............................
Seasonally adjusted at annual rates
2005
IV
I
Line
II
2003
2004
III
2004
2005
III
1 10,971.2 11,734.3 11,818.8 11,995.2 12,198.8 12,378.0 12,601.0
2 10,955.8 11,678.9 11,766.3 11,943.3 12,138.9 12,382.1 12,620.8
3
4
5
6
7
8
15.4
3,536.7
3,521.2
15.4
1,599.1
1,586.7
55.4
3,783.0
3,727.6
55.4
1,705.7
1,668.3
52.5
3,804.0
3,751.5
52.5
1,710.7
1,683.8
51.9
3,850.8
3,799.0
51.9
1,738.9
1,709.0
59.9
3,906.3
3,846.4
59.9
1,758.9
1,723.9
-4.2
3,954.4
3,958.5
-4.2
1,779.4
1,786.6
-19.8
4,006.5
4,026.3
-19.8
1,835.2
1,831.9
9
10
11
12.4
1,937.6
1,934.6
37.4
2,077.4
2,059.4
26.9
2,093.3
2,067.7
29.9
2,112.0
2,090.0
35.0
2,147.4
2,122.5
-7.3
2,175.0
2,171.9
3.3
2,171.2
2.194.4
12
13
14
3.0
6,366.1
1,068.4
18.0
6,755.4
1,195.8
25.6
6,797.9
1,216.9
22.0
6,906.7
1,237.7
24.9
7,025.1
1,267.4
3.1
7,112.4
1,311.2
-23.1
7,243.4
1,351.1
15
387.8
406.2
401.3
415.2
425.0
423.7
435.3
16 10,583.4 11,328.1 11,417.5 11,580.0 11,773.8 11,954.3 12,165.7
17
91.7
97.5
102.9
107.2
107.4
83.6
92.5
18 10,887.7 11,641.8 11,727.1 11,897.8 12,095.9 12,270.7 12,493.6
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. For some components of final sales of computers, includes computer parts.
Gross domestic product....
Final sales of domestic
product...........................
Change in private
inventories.....................
Residual..............................
G oods.............................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sa le s..............................
Change in private
inventories1........................
Nondurable g oods.....................
Final sa le s..............................
Change in private
inventories1........................
Services2.......................................
Structures......................................
Residual...........................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle
output......................................
Final sales of computers3.........
Gross domestic product
excluding final sales of
computers...............................
IV
I
3
4
5
6
7
8
9
15.5
1.5
3,549.0
3,531.2
15.5
1,694.2
1,680.7
52.0
1.3
3,778.2
3,721.3
52.0
1,837.5
1,797.7
50.4
1.4
3,809.9
3,754.7
50.4
1,848.6
1,820.5
50.1
1.0
3,846.6
3,792.2
50.1
1,875.5
1,844.8
58.2
0.8
3,888.0
3,824.9
58.2
1,894.9
1,858.8
-1.7
1.7
3,935.3
3,937.5
-1.7
1,920.2
1,929.6
-13.4
1.1
3,991.2
4,007.2
-13.4
1,988.9
1,986.5
10
11
12
12.6
1,854.5
1,849.3
36.5
1,944.2
1,925.3
25.8
1,964.2
1,936.8
28.4
1,975.3
1,950.9
33.4
1,997.2
1,969.3
-6.9
2,019.6
2,013.5
3.4
2,012.8
2,029.7
13
14
15
16
3.3
5,820.7
951.6
2.4
16.4
5,979.6
1,006.1
-5.9
24.7
5,994.6
1,014.0
-7.5
22.0
6,041.5
1,019.5
-10.0
25.3
6,089.9
1,032.5
-9.9
4.6
6,112.8
1,053.4
-17.8
-15.6
6,165.6
1,063.9
-27.4
17
402.5
421.2
418.5
427.5
432.0
431.7
449.4
18
19
9,919.7 10,336.3 10,391.7 10,471.7 10,569.4 10,659.1 10,760.2
154.7
186.3
184.8
206.7
230.6
253.2
265.4
20 10,177.7 10,594.6 10,648.1 10,726.2 10,817.7 10,898.0 11,009.4
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. For some components of final sales of computers, includes computer parts.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following
change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product
and of change in private inventories; the residual line following structures is the difference between gross domestic product
and the sum of the detailed lines of goods, of services, and of structures.
Table 1.3.3. Real Gross Value Added by Sector,
Quantity Indexes
[Percent]
[Index numbers, 2000=100]
Seasonally adjusted at annual rates
Gross domestic product....
Business1......................................
Nonfarm2....................................
Farm ............................................
Households and institutions....
Households................................
Nonprofit institutions serving
households3..........................
General government4..................
Federal........................................
State and local............................
Addendum:
Gross housing value added, ,
2003
2004
2004
Seasonally adjusted
2005
III
IV
I
II
Line
2003
2004
III
2004
III
1
2
3
4
5
6
2.7
3.4
3.3
8.4
-0.4
-1.3
4.2
4.8
4.8
0.0
4.1
6.5
4.0
4.4
4.6
-11.3
3.7
5.6
3.3
3.6
3.9
-17.1
2.7
4.3
3.8
4.4
4.3
7.3
3.1
3.3
3.3
4.0
4.4
-31.1
1.8
1.6
4.3
5.0
4.8
21.5
2.8
3.0
7
8
9
10
0.7
1.4
2.6
0.9
1.1
0.8
0.9
0.8
1.4
1.4
1.6
1.3
0.7
1.9
2.5
1.7
2.8
0.7
0.5
0.8
2.2
0.2
-1.1
0.8
2.6
1.2
-0.5
1.9
11
-2.8
5.2
5.3
4.8
2.3
1.1
2.0
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
III
2 10,303.6 10,702.4 10,757.1 10,846.0 10,940.3 11,089.2 11,218.4
Table 1.3.1. Percent Change From Preceding Period in Real Gross
Value Added by Sector
Line
II
1 10,320.6 10,755.7 10,808.9 10,897.1 10,999.3 11,089.2 11,206.1
Gross domestic product....
Business1......................................
Nonfarm2....................................
Farm ............................................
Households and institutions....
Households.................................
Nonprofit institutions serving
households3 ..........................
General government4..................
Federal........................................
State and local...........................
Addendum:
Gross housing value added
1
2
3
4
5
6
7
8
9
10
11
105.130
105.268
105.259
106.217
104.222
101.673
109.562
110.275
110.327
106.171
108.443
108.254
2005
IV
I
110.104 111.003 112.044
110.892 111.877 113.082
110.995 112.054 113.252
103.146 98.411 100.170
108.963 109.689 110.528
109.008 110.174 111.075
II
III
112.959 114.150
114.193 115.584
114.479 115.835
91.260 95.820
111.030 111.810
111.505 112.340
107.572 108.796 109.019 109.204 109.967 110.558 111.271
105.299 106.182 106.263 106.774 106.951 107.015 107.331
105.219 106.207 106.220 106.876 106.999 106.692 106.549
105.320 106.157 106.268 106.716 106.917 107.143 107.660
99.025
104.215
104.822
106.052
106.647
106.945
107.469
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
Decem ber 2005
S u r v e y o f C u r r e n t B usin ess
D -7
Table 1.3.4. Price Indexes for Gross Value Added by Sector
Table 1.3.5. Gross Value Added by Sector
[Index numbers, 2000=100]
[Billions of dollars]
Seasonally adjusted
Line
2003
2004
2004
III
Gross domestic product . ..
Business1......................................
Nonfarm2....................................
Farm ............................................
Households and institutions....
Households................................
Nonprofit institutions serving
households3..........................
General government4..................
Federal........................................
State and local...........................
Addendum:
Gross housing value added......
1
2
3
4
5
6
Seasonally adjusted at annual rates
2005
IV
I
106.310 109.102 109.371 110.111 110.950
104.469 106.982 107.184 107.834 108.576
104.361 106.599 106.839 107.511 108.318
115.835 147.789 143.649 141.750 134.561
112.229 115.209 115.734 117.130 117.886
111.329 112.732 113.068 113.537 113.755
Line
II
111.655 112.486
109.272 110.037
109.023 109.863
133.924 124.853
118.461 119.520
114.127 114.933
113.354
113.320
115.296
112.508
118.345 119.110 121.727 123.196 124.042 125.435
117.958 118.456 119.177 120.826 121.735 122.825
121.881 122.206 122.553 125.296 125.757 126.344
116.332 116.903 117.781 118.972 120.067 121.366
11
111.306
112.729
113.132
113.438
113.666
Gross domestic product....
Business1......................................
Nonfarm2....................................
F arm ............................................
Households and institutions....
Households.................................
Nonprofit institutions serving
households3 ..........................
General government4..................
Federal.........................................
State and local...........................
Addendum:
Gross housing value added.....
114.468
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
2004
2004
III
7
8
9
10
113.021
2003
III
602.2
1,339.7
408.2
931.4
607.3
1,346.3
409.4
936.9
621.6
1,361.0
413.1
948.0
633.5
1,382.1
422.8
959.4
641.3
1,393.4
423.1
970.2
652.7
1,410.0
424.5
985.5
11
875.5
933.1
941.0
952.9
960.9
965.5
977.1
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
2003
2004
2004
III
1
2
3
4
5
6
7
8
9
10
11
10,320.6
8,070.6
7,994.6
76.0
1,126.3
625.9
500.3
1,126.3
331.8
794.4
-2.4
12
786.5
1. Equals gross domestic product excluding gross value added of households
and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value
added.
3. Equals compensation of employees of nonprofit institutions, the rental
value of nonresidential fixed assets owned and used by nonprofit institutions
serving households, and rental income of persons for tenant-occupied housing
owned by nonprofit institutions.
2005
IV
I
II
III
10,755.7
8,454.4
8,379.5
75.9
1,172.0
666.5
506.0
1,135.7
334.9
800.7
-7.8
10,808.9
8,501.7
8,430.2
73.8
1,177.6
671.1
507.0
1,136.6
335.0
801.5
-9.7
10,897.1
8,577.2
8,510.7
70.4
1,185.4
678.3
507.9
1,142.0
337.0
804.9
-12.1
10,999.3
8,669.6
8,601.7
71.6
1,194.5
683.8
511.4
1,143.9
337.4
806.4
-13.0
11,089.2
8,754.8
8,694.8
65.3
1,199.9
686.5
514.2
1,144.6
336.5
808.1
-16.2
11,206.1
8,861.4
8,797.8
68.5
1,208.3
691.6
517.5
1,148.0
336.0
812.0
-17.3
827.8
832.6
842.4
847.1
849.4
853.6
4.
Equals compensation of general government employees plus general
government consumption of fixed capital.
Note. Chained (2000) dollar series are calculated as the product of the chaintype quantity index and the 2000 current-dollar value of the corresponding
series, divided by 100. Because the formula for the chain-type quantity indexes
uses weights of more than one period, the corresponding chained-dollar esti
mates are usually not additive. The residual line is the difference between the
first line and the sum of the most detailed lines.
Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Percent]
Seasonally adjusted at annual rates
2003
2004
2004
2005
IV
III
Gross domestic product.........................................................
Less: Exports of goods and services......................................
Plus: Imports of goods and services........................................
Equals: Gross domestic purchases.....................................
Less: Change in private inventories..........................................
Equals: Final sales to domestic purchasers......................
Addendum:
Final sales of domestic product............................................
I
II
III
1
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2
7.1
1.8
8.4
7.5
10.7
0.8
5.5
10.7
7.4
3
4.6
4.7
11.3
2.1
-0.3
4
4.7
4.1
3.0
4.0
2.1
3.9
4.3
5 ................ ................ ................. ................ ................. ................ .................
6
4.4
4.1
3.0
3.7
4.2
4.7
4.5
7
III
570.3
1,276.3
382.6
893.7
Seasonally adjusted at annual rates
Line
II
7
8
9
10
[Billions of chained (2000) dollars]
Gross domestic product................................................
Business1...................................................................................
Nonfarm2.................................................................................
Farm .........................................................................................
Households and institutions.................................................
Households.............................................................................
Nonprofit institutions serving households3.........................
General government4..............................................................
Federal....................................................................................
State and local........................................................................
Residual........................................................................................
Addendum:
Gross housing value added..................................................
I
1 10,971.2 11,734.3 11,818.8 11,995.2 12,198.8 12,378.0 12,601.0
2 8,427.8 9,041.2 9,106.5 9,242.5 9,405.3 9,559.9 9,743.5
3 8,339.8 8,928.9 9,001.9 9,145.9 9,312.5 9,475.2 9,660.8
4
84.7
88.0
112.2
104.6
96.6
92.8
82.6
5 1,267.1 1,353.5 1,366.0 1,391.7 1,411.4 1,424.7 1,447.5
6
758.7
783.4
696.9
751.3
770.0
777.8
794.8
Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars
Line
2005
IV
2.7
3.9
4.6
3.3
3.5
5.6
4.7
National Data
D -8
D ecem ber 2005
Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic Purchases,
and Real Final Sales to Domestic Purchasers, Quantity Indexes
Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Gross domestic product............
Less: Exports of goods and
services......................................
Plus: Imports of goods and
services......................................
Equals: Gross domestic
purchases..................................
Less: Change in private
Seasonally adjusted
2005
IV
Line
I
II
III
1 105.130
109.562 110.104 111.003
112.044
112.959
114.150
2
101.970
104.398
106.295
109.037
109.266
94.064
102.622
3 105.205
116.495
117.328
120.518
122.698
122.620
123.268
4 106.285
111.301
111.872
113.000 114.112
114.695
115.909
Gross domestic product............
Less: Exports of goods and
services......................................
Plus: Imports of goods and
services......................................
Equals: Gross domestic
purchases..................................
Less: Change in private
S
Equals: Final sales to domestic
purchasers................................
Addendum:
Final sales of domestic product
2003
2004
2004
2005
III
IV
1 106.310 109.102
109.371
110.111
110.950 111.655
112.486
2 101.398
105.242
106.366
107.559
108.534
109.347
104.999
I
II
III
99.610
104.571
105.269
107.026
107.783
109.925
112.409
4 105.863
108.899
109.235
110.092
110.883 111.785
112.873
6 105.883
108.921
109.253 110.106
110.898 111.798 112.897
7 106.330
109.124
109.389
110.963
3
S
6 106.708
111.394 111.982
113.124
114.164
115.332 116.673
7 105.564
109.650
111.122
112.088
113.613
110.211
114.937
Equals: Final sales to domestic
purchasers.................................
Addendum:
Final sales of domestic product
110.124
111.667
112.509
Table 1.4.5. Relation of Gross Domestic Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers
Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product............
Less: Exports of goods and
services......................................
Plus: Imports of goods and
services......................................
Equals: Gross domestic
purchases..................................
Less: Change in private
inventories..................................
Equals: Final sales to domestic
purchasers................................
Addendum:
Final sales of domestic product
Line
2005
IV
I
II
1 10,971.2 11,734.3 11,818.8 11,995.2 12,198.8 12,378.0 12,601.0
2
1,045.6
1,173.8
1,183.8
1,217.1
1,253.2
1,297.1
1,309.6
3
1,546.5
1,797.8
1,821.8
1,902.5
1,950.6
1,988.1
2,043.8
4 11,472.1 12,358.3 12,456.8 12,680.6 12,896.3 13,069.0 13,335.2
5
15.4
55.4
52.5
51.9
59.9
-4.2
2003
2004
-19.8
6 11,456.7 12,302.9 12,404.4 12,628.7 12,836.4 13,073.1 13,355.0
7 10,955.8 11,678.9 11,766.3 11,943.3 12,138.9 12,382.1 12,620.8
2004
III
III
Gross domestic product............
Less: Exports of goods and
services......................................
Plus: Imports of goods and
services......................................
Equals: Gross domestic
purchases..................................
Less: Change in private
inventories..................................
Equals: Final sales to domestic
purchasers.................................
Addendum:
Final sales of domestic product
2005
IV
I
II
III
1 10,320.6 10,755.7 10,808.9 10,897.1 10,999.3 11,089.2 11,206.1
2
1,031.2
1,117.9
1,125.0
1,144.5
1,165.3
1,195.4
1,197.9
3
1,552.6
1,719.2
1,731.5
1,778.6
1,810.7
1.809.6
1,819.1
4 10,837.3 11,348.7 11,407.0 11,522.0 11,635.4 11,694.8 11,818.6
5
15.5
52.0
50.4
50.1
58.2
-1.7
-13.4
6 10,820.1 11,295.3 11,354.9 11,470.7 11,576.2 11,694.6 11,830.6
7 10,303.6 10,702.4 10,757.1 10,846.0 10,940.3 11,089.2 11,218.4
N ote. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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.
D ecem ber 2005
S u r v e y o f C u r r e n t B u sin ess
D -9
Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product,
Expanded Detail
Table 1.5.1. Percent Change From Preceding Period in Real
Gross Domestic Product, Expanded Detail
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product....
Personal consumption
expenditures.............................
Durable goods...........................
Motor vehicles and parts......
Furniture and household
equipment..........................
O th er......................................
Nondurable goods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
O th er......................................
S ervices.....................................
Housing..................................
Household operation............
Electricity and g a s............
Other household operation
Transportation........................
Medical care..........................
Recreation.............................
O th er......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipm ent............
Software1 ..................
O ther.........................
Industrial equipment....
Transportation
equipm ent................
Other equipm ent..........
Residential..............................
Change in private inventories...
2005
IV
II
I
Line
1
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2.9
6.6
4.8
3.9
6.0
1.6
4.4
10.8
12.4
4.3
5.5
2.8
3.5
2.6
-8.0
3.4
7.9
7.5
4.2
10.5
15.1
5
6
7
8
9
8.8
7.0
3.2
2.7
5.0
11.8
6.1
4.7
5.0
6.3
11.5
6.1
3.9
3.3
6.1
7.0
8.9
5.5
6.6
9.4
11.3
13.2
5.3
5.2
5.6
5.8
12.9
3.6
4.3
7.3
13.3
-3.7
3.6
6.7
3.0
10
11
12
13
14
15
16
17
18
19
20
0.6
4.0
2.0
0.6
1.3
1.3
1.2
-0.1
4.2
3.5
1.5
1.4
4.6
3.0
2.9
1.9
1.6
2.0
1.2
4.1
3.9
2.6
0.7
5.0
3.4
2.8
1.1
-3.6
4.2
-0.1
5.4
3.3
3.4
3.4
2.5
3.6
2.8
9.1
27.4
-1.4
-0.5
4.5
0.7
3.0
9.5
3.7
2.8
2.2
1.9
1.3
2.4
2.3
4.4
4.9
1.2
-4.6
4.2
2.3
2.1
-0.5
-5.1
2.8
2.3
4.2
0.8
1.9
-5.1
2.8
3.3
1.9
3.1
2.9
3.3
1.5
5.5
0.8
3.5
21
22
23
24
25
3.9
3.6
1.3
-4.2
3.2
11.9
9.7
9.4
2.2
11.9
4.6
8.4
11.8
1.4
15.5
6.8
7.2
10.4
4.7
12.4
8.6
7.0
5.7
-2.0
8.3
-3.7
9.5
8.8
2.7
10.9
5.8
8.6
8.8
2.7
10.8
26
5.1
13.6
8.4
9.2
20.3
14.5
12.3
2./
28
29
30
12.6
3.6
3.2
0.3
27.5
7.4
13.7
3.4
22.6
6.8
3.4
27.3
39.9
6.1
-1.5
4.8
45.5
15.2
13.0
18.8
31.7
20.1
0.5
-18.9
12.7
12.9
11.5
16.6
31
32
33
34
3S
'Vi
-2.3
6.3
8.4
12.7
14.8
10.3
19.2
23.1
2.6
32.8
10.2
1.6
-11.2
-10.0
9.5
27.4
18.5
10.8
12.4
0.6
8.4
:v
38
39
40
41
42
43
1.8
1.8
1.7
4.6
4.9
3.0
8.4
8.9
7.4
10.7
11.0
9.6
5.5
8.2
-0.6
4.7
4.7
4.6
7.1
3.7
15.5
11.3
13.0
3.1
7.5
5.3
12.5
7.4
8.2
3.7
10.7
16.0
-0.4
-0.3
-1.1
4.4
0.8
3.0
-3.9
2.1
3.3
-3.9
44
45
46
47
48
49
50
b1
52
53
b4
2.8
6.9
8.8
8.9
8.2
3.4
3.8
0.6
0.6
0.6
0.8
2.2
5.2
7.0
6.4
11.8
1.8
1.9
1.0
0.4
0.4
0.3
1.8
3.6
9.0
9.9
2.8
-6.4
-1.8
-33.5
0.8
1.4
-1.8
0.9
-0.6
-3.3
-6.0
18.5
5.2
4.0
13.9
1.8
1.7
2.1
1.9
2.4
3.0
8.5
-29.0
1.1
0.8
3.3
1.6
0.8
4.7
2.5
2.4
3.7
1.0
26.2
-0.2
-4.1
32.0
2.6
0.8
10.1
3.2
8.1
10.3
9.2
18.7
3.6
5.4
-8.3
0.4
1.8
-5.3
2004
III
2
3
4
1.Excludessoftware“embedded,”orbundled,incomputersandotherequipment.
2004
III
Net exports of goods and
Exports.......................................
G oods.....................................
Services.................................
Im ports........................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal.......................................
National defense....................
Consumption expenditures
Gross investment..............
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures...
Gross investment...................
2003
Percent change at annual rate:
G ross dom estic p ro d u c t....
Percentage points at annual
rates:
Personal consum ption
e xp e n d itu re s............................
Durable g oods...........................
Motor vehicles and p a rts.....
Furniture and household
equipment..........................
Other.......................................
Nondurable g oods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
Other.......................................
Services......................................
Housing..................................
Household operation............
Electricity and g a s ............
Other household operation
Transportation........................
Medical ca re ..........................
Recreation.............................
Other.......................................
G ross private dom estic
investm ent.................................
Fixed investment........................
Nonresidential........................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipment.............
Software1...................
O th er.........................
Industrial equipment....
Transportation
equipment..................
Other equipment...........
Residential.............................
Change in private inventories...
Farm .......................................
Nonfarm..................................
Net exports o f goods and
se rv ic e s .....................................
Exports
Goods.....................................
Services..................................
Imports
Goods.....................................
Services..................................
Government consum ption
expenditures and gross
investm ent.................................
Federal........................................
National defense....................
Consumption expenditures
Gross investment.........
Nondefense......................
Consumption expenditures
Gross investment...........
State and local........................
Consumption expenditures
Gross investment...............
2005
I
IV
II
III
1
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2
3
4
2.05
0.57
0.19
2.71
0.51
0.06
3.05
0.88
0.44
3.01
0.45
0.11
2.44
0.22
-0.31
2.35
0.64
0.27
2.97
0.85
0.53
5
6
7
8
9
0.26
0.11
0.63
0.25
0.14
0.34
0.10
0.94
0.48
0.17
0.34
0.10
0.78
0.32
0.17
0.21
0.14
1.09
0.63
0.25
0.32
0.20
1.07
0.50
0.15
0.17
0.20
0.74
0.42
0.20
0.38
-0.06
0.74
0.64
0.08
10
11
12
13
14
15
16
17
18
19
20
0.01
0.22
0.85
0.07
0.05
0.02
0.03
0.00
0.49
0.10
0.14
0.03
0.26
1.27
0.30
0.07
0.03
0.05
0.03
0.49
0.11
0.26
0.02
0.28
1.39
0.29
0.04
-0.05
0.10
0.00
0.64
0.10
0.33
0.07
0.14
1.47
0.29
0.34
0.37
-0.03
-0.01
0.54
0.02
0.29
0.21
0.20
1.15
0.23
0.07
0.02
0.05
0.06
0.53
0.14
0.11
-0.11
0.23
0.97
0.22
-0.02
-0.08
0.06
0.06
0.50
0.02
0.18
-0.13
0.15
1.38
0.20
0.12
0.05
0.07
0.04
0.66
0.02
0.34
21
22
23
24
25
0.58
0.54
0.13
-0.11
0.24
1.82
1.47
0.92
0.06
0.86
0.75
1.31
1.15
0.04
1.12
1.11
1.13
1.04
0.12
0.92
1.42
1.12
0.58
-0.05
0.64
-0.63
1.51
0.90
0.07
0.83
0.96
1.40
0.91
0.07
0.83
26
0.19
0.49
0.31
0.34
0.72
0.53
0.46
27
28
29
30
0.09
0.06
0.05
0.00
0.19
0.11
0.19
0.04
0.16
0.10
0.05
0.30
0.27
0.09
-0.02
0.06
0.31
0.22
0.18
0.23
0.23
0.29
0.01
-0.27
0.10
0.20
0.16
0.20
31
32
33
34
35
36
-0.03
0.08
0.41
0.05
0.03
0.02
0.15
0.18
0.55
0.35
0.03
0.32
0.23
0.28
0.15
-0.56
-0.01
-0.55
0.39
0.13
0.09
-0.03
-0.28
0.25
-0.16
-0.14
0.54
0.29
-0.11
0.40
0.33
0.23
0.62
-2.14
-0.09
-2.05
0.17
0.01
0.50
-0.44
-0.01
-0.43
37
38
39
40
41
42
43
-0.46
0.17
0.12
0.05
-0.63
-0.56
-0.07
-0.73
0.80
0.59
0.22
-1.53
-1.30
-0.23
-0.17
0.53
0.55
-0.02
-0.70
-0.59
-0.11
-0.98
0.70
0.25
0.44
-1.68
-1.60
-0.08
-0.40
0.74
0.37
0.37
-1.14
-1.05
-0.10
1.11
1.07
1.08
-0.01
0.04
0.15
-0.11
-0.25
0.09
0.22
-0.13
-0.34
-0.44
0.10
44
45
46
47
48
49
50
51
52
53
54
0.53
0.45
0.37
0.33
0.04
0.08
0.08
0.00
0.08
0.06
0.02
0.41
0.36
0.32
0.26
0.06
0.04
0.04
0.00
0.05
0.04
0.01
0.35
0.25
0.41
0.39
0.02
-0.16
-0.04
-0.12
0.10
0.14
-0.04
0.17
-0.04
-0.16
-0.26
0.10
0.12
0.08
0.04
0.21
0.16
0.05
0.35
0.17
0.14
0.34
-0.20
0.03
0.02
0.01
0.19
0.08
0.11
0.47
0.17
0.17
0.04
0.13
-0.01
-0.09
0.08
0.31
0.08
0.23
0.60
0.56
0.48
0.38
0.10
0.08
0.11
-0.03
0.04
0.17
-0.13
1.Excludessoftware“embedded,”orbundled,incomputersandotherequipment.
D -1 0
N a tio n a l D a t a
D ecem ber 2005
Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes
Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Gross domestic product . ..
Personal consumption
expenditures.............................
Durable goods...........................
Motor vehicles and parts......
Furniture and household
equipment..........................
O th er......................................
Nondurable goods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
O th er......................................
S ervices.....................................
Housing..................................
Household operation............
Electricity and g as............
Other household operation
Transportation........................
Medical care..........................
Recreation..............................
O th er......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipm ent............
Software1..................
O ther.........................
Industrial equipment....
Transportation
equipm ent................
Other equipm ent..........
Residential..............................
Change in private inventories...
Nonfarm..................................
Net exports of goods and
Exports........................................
Goods.....................................
Services.................................
Im ports........................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Consumption expenditures
Gross investment..............
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures...
Gross investment...................
IV
I
II
Line
2 108.416
3 119.134
4 116.341
112.601 113.030 114.236 115.217
126.245 127.463 129.166 129.999
118.232 119.366 120.198 117.729
5
6
7
8
9
126.643
112.578
107.938
105.933
112.223
141.536
119.432
113.000
111.230
119.252
143.552 145.992 149.952 152.091
119.580 122.152 126.001 129.870
113.337 114.857 116.351 117.392
111.424 113.215 114.667 115.889
119.203 121.915 123.575 125.764
156.909
128.662
118.440
117.771
126.709
10
11
12
13
14
15
16
17
18
19
20
103.756
110.649
106.493
104.169
102.061
102.437
101.810
96.167
115.398
108.506
103.675
105.175 105.140 106.012 108.446 107.188
115.726 116.668 117.392 118.452 119.670
109.725 110.059 111.027 111.789 112.440
107.149 107.500 108.255 108.855 109.431
103.966 103.420 105.703 106.210 106.079
104.126 101.585 107.921 108.275 106.881
103.854 104.610 104.232 104.842 105.561
97.313 97.297 97.180 97.727 98.286
120.130 120.920 122.265 123.600 124.883
112.740 113.158 113.345 114.713 114.942
106.418 106.669 107.468 107.777 108.282
105.800
120.495
113.366
109.951
106.900
107.658
106.411
98.653
126.565
115.174
109.220
116.176 117.390
132.499 135.838
119.865 124.147
21
22
23
24
25
93.195 104.286 105.644 107.398 109.645 108.615 110.164
95.297 104.534 106.027 107.880 109.722 112.252 114.601
88.063 96.314 97.790 100.246 101.633 103.806 106.008
77.621
79.314
79.635 80.554 80.145 80.680 81.225
92.154 103.126 105.087 108.201 110.376 113.274 116.228
26
98.314
21
28
29
30
120.846
99.752
87.466
84.716
76.507
31
32 99.599
33 113.989
34
'■ft
36
V
38 94.064
39 91.763
40 99.776
41 105.205
42 105.288
43 104.921
44
45
46
47
48
49
50
51
52
53
54
111.723
112.898
115.408
120.857
125.013
128.692
154.137 156.641 170.366 187.116 200.445 206.513
107.171 107.845 109.464 113.411 118.726 122.370
99.409 100.550 100.162 103.280 103.420 106.272
87.556 89.695 90.762 94.766 89.922 93.436
86.219
114.335
125.714
88.787
117.561
127.267
101.970
99.899
107.119
116.495
116.830
114.991
102.622 104.398
101.120 102.031
106.368 110.275
117.328 120.518
117.563 121.221
116.317 117.217
111.009 113.398 113.753
118.839 125.038 125.881
121.447 129.970 131.709
120.847 128.541 130,593
125.612 140.426 139.732
114.159 116.166 115.399
115.181 117.336 116.903
107.986 109.028 105.976
107.042 107.487 107.592
106.255 106.724 106.851
110.275 110.618 110.627
95.313
120.448
127.772
114.008
125.704
130.621
128.582
145.788
116.865
118.067
109.476
108.069
107.302
111.213
92.529
117.325
130.695
98.301
122.398
134.100
101.221
122.594
136.836
106.295 109.037 109.266
103.356 107.266 108.056
113.578 113.466 112.336
122.698 122.620 123.268
123.629 123.276 124.292
118.292 119.561 118.381
114.537
126.446
131.595
131.219
133.838
117.188
118.308
110.360
108.489
107.519
112.504
115.248
127.188
132.791
131.542
141.860
117.120
117.072
118.291
109.183
107.736
115.248
2003
2004
III
1 105.130 109.562 110.104 111.003 112.044 112.959 114.150
1.Excludessoftware“embedded,”orbundled,incomputersandotherequipment.
Seasonally adjusted
2005
116.151
129.684
136.101
134.483
148.075
118.156
118.629
115.744
109.281
108.221
113.686
Gross domestic product....
Personal consumption
expenditures............................
Durable goods...........................
Motor vehicles and p a rts.....
Furniture and household
equipment..........................
Other.......................................
Nondurable goods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
Other.......................................
Services......................................
H ousing..................................
Household operation............
Electricity and g a s ............
Other household operation
Transportation........................
Medical ca re ..........................
Recreation..............................
Other.......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential........................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipment.............
Software1...................
O th er.........................
Industrial equipment....
Transportation
equipment.................
Other equipment...........
Residential..............................
Change in private inventories...
Farm .......................................
Nonfarm..................................
Net exports of goods and
Exports
Goods
Services..................................
Imports.
Goods
Services..................................
Government consumption
expenditures and gross
investment.................................
Federal.........................................
National defense....................
Consumption expenditures
Gross investment..............
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures...
Gross investment...................
1 106.310 109.102
2004
2005
III
IV
I
II
III
109.371
110.111
110.950
111.655
112.486
2 105.520 108.246 108.484 109.326 109.936 110.832 111.815
3 92.372
90.631
90.310 90.449 90.648 90.527 89.838
4 97.639 96.669 96.431
97.470 98.823 98.970 98.208
5 83.354
6 97.925
7 104.151
8 106.987
9 93.028
10
11
12
13
14
15
16
17
18
19
20
79.448
97.951
107.781
110.690
92.498
78.932
97.480
108.982
111.365
92.362
78.180 77.740
97.231
97.247
109.327 110.854
111.633 112.596
92.543 92.117
76.414
98.200
112.978
112.971
91.162
105.532 124.099 123.842
105.161 106.182 106.153
109.246 112.695 113.120
110.455 113.232 113.686
107.691 110.003 110.540
113.470 117.902 118.981
104.349 105.424 105.652
105.958 108.279 108.687
109.663 113.583 114.010
109.236 112.037 112.331
109.087 113.658 114.048
132.036
106.724
113.955
114.247
111.062
120.215
105.760
109.244
114.842
113.250
115.358
132.561
107.235
114.803
115.070
112.310
122.161
106.591
109.712
115.877
113.847
116.023
166.670
107.947
116.456
116.419
115.728
129.950
107.432
112.713
117.126
115.444
117.436
108.427 109.164 109.927
108.522 109.254 110.077
102.244 102.715 103.318
125.876 128.886 133.598
95.067 94.910 94.517
21 103.311
22 103.432
99.764
23
24 113.889
25 95.133
79.960
98.033
107.634
110.261
92.663
106.555
106.697
101.025
120.124
95.022
107.120
107.248
101.185
121.159
94.945
107.733
107.831
101.455
122.827
94.854
144.473
107.468
115.633
115.799
113.924
125.641
107.100
111.268
116.415
114.514
116.855
26
88.257
85.559
85.388
84.540
83.958
83.222
82.432
2/
28
29
30
63.273
96.735
95.186
101.662
58.577
94.540
93.659
104.261
57.991
94.704
93.484
104.589
56.274
93.892
93.418
105.639
53.972
94.243
93.564
106.962
51.837
94.354
93.436
108.209
49.997
94.206
93.152
108.449
31 103.914
32 103.174
33 112.379
34
M5
36
109.542
104.117
119.935
109.002
104.426
121.312
109.839
104.975
122.574
110.053 109.319
106.952 108.165
123.062 124.359
108.919
108.682
125.660
104.999
104.407
106.442
104.571
102.970
113.012
105.242 106.366 107.559
104.629 105.610 106.775
106.735 108.197 109.454
105.269 107.026 107.783
103.692 105.440 105.937
113.586 115.383 117.585
'M
38 101.398
39 100.635
40 103.237
41
99.610
42 98.066
43 107.756
44
45
46
47
48
49
50
51
52
53
54
109.460 113.505
109.740 114.354
110.434 114.840
112.365 117.172
98.019 99.922
108.473 113.498
110.014 115.720
99.181
99.993
109.303 113.022
110.213 114.116
105.704 108.699
108.534
107.545
110.908
109.925
108.473
117.531
109.347
107.933
112.741
112.409
111.208
118.606
114.003 115.148 116.747 117.820 119.638
114.825 115.575 117.550 118.168 119.044
115.429 116.198 118.060 118.471 119.481
117.824 118.561 120.631 121.144 122.299
100.129 101.087 101.667 101.436 101.563
113.734 114.447 116.647 117.681 118.286
115.981 116.725 119.173 120.334 121.017
100.088 100.619 101.279 101.549 101.698
113.536 114.914 116.291 117.635 120.013
114.611 116.081 117.462 118.909 121.223
109.289 110.305 111.668 112.609 115.234
1.Excludessoftware“embedded,”orbundled,incomputersandotherequipment.
D -1 1
S u r v e y o f C u r r e n t B usin ess
D ecem ber 2005
Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars
[Billions of chained (2000) dollars]
Table 1.5.5. Gross Domestic Product, Expanded Detail
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic product....
Personal consumption
expenditures............................
Durable goods...........................
Motor vehicles and parts......
Furniture and household
equipment..........................
O ther......................................
Nondurable goods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
O th er......................................
S ervices.....................................
Housing..................................
Household operation............
Electricity and g as............
Other household operation
Transportation........................
Medical care..........................
Recreation..............................
O th er......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
Software1.................
O ther.........................
Industrial equipment....
Transportation
equipm ent................
Other equipm ent..........
Change in private inventories...
Farm ........................................
Nonfarm..................................
Net exports of goods and
services.....................................
Exports.......................................
Goods.....................................
Services.................................
Im ports.......................................
Goods.....................................
S ervices.................................
Government consumption
expenditures and gross
National defense....................
Consumption expenditures
Consumption expenditures
State and local...........................
Consumption expenditures...
Gross investment..................
Line
2005
IV
I
II
2003
2004
III
III
1 10,971.2 11,734.3 11,818.8 11,995.2 12,198.8 12,378.0 12,601.0
2
3
4
7,709.9
950.1
439.1
8,214.3
987.8
441.8
8,263.2
993.8
444.9
8,416.1
1,008.6
452.8
8,535.8
1,017.3
449.6
8,677.0
1,035.5
458.5
8,845.4
1,053.5
471.2
5
6
7
8
9
330.3
180.7
2,189.0
1,048.5
310.8
354.1
191.9
2,368.3
1,134.7
329.0
356.9
192.0
2,378.4
1,141.0
328.3
360.6
195.2
2,437.1
1,166,4
335.2
366.9
200.8
2,476.6
1,184.2
340.5
370.0
207.0
2,533.7
1,207.1
344.9
375.2
207.1
2,605.3
1,230.8
343.9
10
11
12
13
14
15
16
17
18
19
20
209.7
620.0
4,570.8
1,158.0
428.8
166.6
262.2
296.8
1,299.4
318.0
1,069.8
249.9
654.8
4,858.2
1,221.1
446.2
175.9
270.2
306.9
1,401.1
338.8
1,144.1
249.3
659.9
4,891.0
1,230.0
445.9
173.2
272.8
308.0
1,415.4
341.0
1,150.7
267.9
667.6
4,970.4
1,244.7
457.9
185.9
272.1
309.2
1,441.6
344.3
1,172.6
275.2
676.8
5,041.8
1,260.6
465.3
189.5
275.8
312.3
1,470.5
350.3
1,182.8
296.4
685.3
5,107.8
1,275.3
471.4
192.4
279.0
318.5
1,492.6
353.1
1,196.8
337.5
693.1
5,186.5
1,288.2
482.6
200.4
282.1
323.9
1,522.0
356.7
1,213.2
21
22
28
24
25
1,670.4
1,654.9
1,082.4
276.9
805.6
1,928.1
1,872.6
1,198.8
298.4
900.4
1,961.2
1,908.7
1,219.0
302.1
916.9
2,004.5
1,952.6
1,252.9
309.8
943.1
2,058.5
1,998.7
1,280.1
315.9
964.3
2,054.4
2,058.5
1,313.5
325.6
987.9
2,097.6
2,117.4
1,349.3
339.8
1,009.5
26
405.7
447.0
450.9
456.3
474.6
486.6
496.2
27
28
29
30
77 6
170.0
158.2
137.1
91 6
178.5
176.9
145.3
92 3
179.9
178.6
149.3
97 5
181.1
177.8
152.6
102 7
188.3
183.6
161.3
105 6
197.3
183.6
154.9
105 0
203.1
188.1
161.3
31
32
34
35
36
127.9
134.8
572.5
15.4
0.2
15.2
151.9
156.2
673.8
55.4
3.2
52.2
155.6
161.0
689.7
52.5
7.0
45.4
168.4
165.8
699.7
51.9
-3.0
54.8
163.8
164.6
718.5
59.9
-6.5
66.4
172.8
173.7
745.0
-4.2
-8.5
4.3
177.3
174.8
768.2
-19.8
-9.4
-10.4
37
38
39
40
41
42
43
-500.9
1,045.6
724.3
321.3
1,546.5
1,283.9
262.6
-624.0
1,173.8
818.1
355.7
1,797.8
1,495.9
301.9
-638.0
1,183.8
829.7
354.1
1,821.8
1,515.0
306.8
-685.4
1,217.1
845.0
372.1
1,902.5
1,588.4
314.1
-697.5
1,253.2
865.4
387.7
1,950.6
1,627.6
323.0
-691.0
1,297.1
904.7
392.5
1,988.1
1,661.8
326.3
-734.2
1,309.6
914.6
395.0
2,043.8
1,717.7
326.1
44
45
46
47
48
49
50
51
52
53
54
2,091.9
754.8
496.7
436.6
60 1
258.2
225.3
32.8
1,337.1
1,074.8
262.3
2,215.9
827.6
552.7
484.2
68.5
274.9
241.4
33.4
1,388.3
1,117.7
270.6
2,232.5
836.5
562.9
494.6
68.3
273.6
241.1
32.5
1,395.9
1,123.9
272.1
2,260.0
840.8
562.0
490.1
71.9
278.8
245.1
33.8
1,419.1
1,143.1
276.1
2,302.0
860.2
575.3
508.9
66.4
285.0
250.7
34.3
1,441.7
1,159.0
282.7
2,337.6
869.8
582.5
512.3
70.2
287.3
250.5
36.8
1,467.7
1,175.7
292.0
2,392.2
893.5
602.1
528.7
73.4
291.4
255.3
36.1
1,498.8
1,204.0
294.8
2004
Gross domestic product....
Personal consumption
expenditures............................
Durable goods...........................
Motor vehicles and p a rts .....
Furniture and household
equipment..........................
Other.......................................
Nondurable g oods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
Other.......................................
Services......................................
Housing..................................
Household operation............
Electricity and g a s ............
Other household operation
Transportation........................
Medical ca re ..........................
Recreation.............................
Other.......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential........................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
Software2...................
O th er.........................
Industrial equipment....
Transportation
equipment..................
Other equipment...........
Residential.............................
Change in private inventories...
Farm .......................................
Nonfarm..................................
Net exports of goods and
services
Exports
G oods.....................................
Services..................................
Imports.........................................
G oods.....................................
Services..................................
Government consumption
expenditures and gross
investment.................................
National defense....................
Consumption expenditures
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures...
Gross investment...................
2005
IV
I
II
III
1 10,320.6 10,755.7 10,808.9 10,897.1 10,999.3 11,089.2 11,206.1
2
3
4
7,306.6
1,028.5
449.7
7,588.6
1,089.9
457.0
7,617.5
1,100.4
461.4
7,698.8
1,115.1
464.6
7,764.9
1,122.3
455.0
7,829.5
1,143.9
463.3
7,911.4
1,172.7
479.9
5
6
7
8
9
396.3
184.5
2,101.8
980.1
334.1
442.9
195.8
2,200.4
1,029.1
355.0
449.2
196.0
2,206.9
1,030.9
354.9
456.8
200.2
2,236.5
1,047.4
363.0
469.2
206.5
2,265.6
1,060.9
367.9
475.9
212.9
2,285.9
1,072.2
374.4
491.0
210.9
2,306.3
1,089.6
377.2
10
11
12
13
14
15
16
17
18
19
20
198.7
589.6
4,183.9
1,048.4
398.2
146.8
251.3
280.1
1,184.9
291.1
980.7
201.4
616.7
4,310.9
1,078.4
405.6
149.2
256.3
283.4
1,233.5
302.4
1,006.7
201.3
621.7
4,324.0
1,081.9
403.5
145.6
258.2
283.4
1,241.6
303.6
1,009.0
203.0
625.5
4,362.1
1,089.5
412.4
154.7
257.3
283.0
1,255.4
304.1
1,016.6
207.7
631.2
4,392.0
1,095.6
414.3
155.2
258.8
284.6
1,269.1
307.7
1,019.5
205.2
637.7
4,417.6
1,101.4
413.8
153.2
260.5
286.3
1,282.3
308.3
1,024.3
202.6
642.1
4,454.0
1,106.6
417.0
154.3
262.6
287.3
1,299.6
309.0
1,033.2
21
22
23
24
25
1,617.4
1,600.0
1,085.0
243.1
846.8
1,809.8
1,755.1
1,186.7
248.4
947.6
1,833.4
1,780.2
1,204.8
249.4
965.6
1,863.9
1,811.3
1,235.1
252.3
994.2
1,902.9
1,842.2
1,252.2
251.0
1,014.2
1,885.0
1,884.7
1,279.0
252.7
1,040.9
1,911.9
1,924.1
1,306.1
254.4
1,068.0
26
459.7
522.4
527.9
539.7
565.1
584.6
601.8
'?!
28
29
30
175.7
166.2
134.9
188.8
188.9
139.4
190.0
191.1
142.8
192.8
190.3
144.5
199.8
196.3
150.9
209.1
196.5
143.2
215.6
201.9
148.8
31
32
33
34
35
36
123.1
130.7
509.4
15.5
0.2
15.5
138.7
150.0
561.8
52.0
2.3
49.9
142.8
154.3
568.8
50.4
6.3
43.7
153.3
158.0
571.0
50.1
-0.2
50.8
148.8
153.9
584.1
58.2
-2.3
61.8
158.1
160.6
599.3
-1.7
-4.2
3.4
162.8
160.9
611.5
-13.4
-4.4
-8.4
3/
38
39
40
41
42
43
-521.4
1,031.2
719.7
311.2
1,552.6
1,309.2
243.7
-601.3
1,117.9
783.6
334.1
1,719.2
1,452.7
267.1
-606.5
1,125.0
793.1
331.8
1,731.5
1,461.9
270.2
-634.1
1,144.5
800.3
344.0
1,778.6
1,507.3
272.3
-645.4
1,165.3
810.7
354.3
1,810.7
1,537.3
274.8
-614.2
1,195.4
841.3
353.9
1,809.6
1,532.9
277.7
-621.3
1,197.9
847.5
350.4
1,819.1
1,545.5
275.0
44
45
46
47
48
49
50
M
52
53
54
55
1,911.1
687.8
449.7
388.5
61.3
238.0
204.8
33.1
1,223.3
975.2
248.2
-6.2
1,952.3
723.7
481.3
413.3
68.5
242.2
208.6
33.4
1,228.4
979.5
248.9
-2 6 8
1,958.4
728.6
487.7
419.8
68.2
240.6
207.9
32.5
1,229.6
980.7
249.0
-2 8 8
1,962.8
727.6
483.7
413.4
71.2
243.6
209.9
33.6
1,235.0
984.8
250.3
-3 7 5
1,971.9
731.8
487.3
421.9
65.3
244.3
210.4
33.8
1,239.8
986.8
253.2
-48.0
1,984.1
736.1
491.7
422.9
69.2
244.2
208.2
36.3
1,247.8
988.8
259.4
-6 0 1
1,999.7
750.6
504.0
432.4
72.3
246.3
210.9
35.5
1,248.9
993.2
255.8
-6 9 9
1. Excludes software “embedded,' or bundled, in computers and other equipment.
1. The quantity index for computers can be used to accurately measure the real growth of this component. However,
because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates
should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggre
series; accurate estimates of these contributions are shown in table 1.5.2 and real growth rates are shown in table 1.5.1.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
N ote. The residual line is the difference between the first line and the sum of the most detailed lines.
D -1 2
N a tio n a l D a ta
Table 1.6.4. Price Indexes for
Gross Domestic Purchases
[Index numbers, 2000=100]
D ecem ber 2005
Table 1.6.7. Percent Change From Preceding Period in Prices for
Gross Domestic Purchases
[Percent]
Seasonally adjusted
Line
2003
2004
2004
III
Gross domestic purchases...
Personal consumption
expenditures............................
Durable goods...........................
Motor vehicles and parts.....
Furniture and household
equipment..........................
O th er......................................
Nondurable goods.....................
Food........................................
Clothing and shoes................
Gasoline, fuel oil, and other
energy goods.....................
O ther......................................
S ervices.....................................
Housing..................................
Household operation............
Electricity and g as............
Other household operation
Transportation........................
Medical care..........................
Recreation..............................
O th er......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipm ent............
Software1.................
O ther.........................
Industrial equipment....
Transportation
equipm ent................
Other equipm ent..........
Residential..............................
Change in private inventories...
Farm ........................................
Nonfarm..................................
Government consumption
expenditures and gross
investment.................................
Federal........................................
National defense....................
Consumption expenditures
Gross investment..............
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures
Gross investment..............
Addenda:
Final sales of computers to
domestic purchasers2 ..........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
Food............................................
Energy goods and services.....
Gross domestic purchases
excluding food and energy....
Gross domestic product...........
Gross domestic product
excluding final sales of
com puters.....................
Food...................................
Energy goods and
services.........................
Gross domestic product
excluding food and
energy...........................
Final sales of domestic product
Final sales to domestic
purchasers..............................
1 105.863
108.899
IV
I
109.235 110.092 110.883
II
III
112.873
111.815
89.838
98.208
109.936
90.648
98.823
110.832
90.527
98.970
5 83.354
6 97.925
7 104.151
8 106.987
9 93.028
10
11
12
13
14
15
16
17
18
19
20
105.532
105.161
109.246
110.455
107.691
113.470
104.349
105.958
109.663
109.236
109.087
Line
111.785
105.520 108.246 108.484 109.326
3 92.372 90.631
90.310 90.449
4 97.639 96.669 96.431
97.470
79.960
98.033
107.634
110.261
92.663
79.448
97.951
107.781
110.690
92.498
78.932
97.480
108.982
111.365
92.362
78.180
97.231
109.327
111.633
92.543
77.740
97.247
110.854
112.596
92.117
76.414
98.200
112.978
112.971
91.162
124.099
106.182
112.695
113.232
110.003
117.902
105.424
108.279
113.583
112.037
113.658
123.842
106.153
113.120
113.686
110.540
118.981
105.652
108.687
114.010
112.331
114.048
132.036
106.724
113.955
114.247
111.062
120.215
105.760
109.244
114.842
113.250
115.358
132.561
107.235
114.803
115.070
112.310
122.161
106.591
109.712
115.877
113.847
116.023
144.473
107.468
115.633
115.799
113.924
125.641
107.100
111.268
116.415
114.514
116.855
166.670
107.947
116.456
116.419
115.728
129.950
107.432
112.713
117.126
115.444
117.436
21 103.311 106.555
22 103.432 106.697
23 99.764 101.025
24 113.889 120.124
25 95.133 95.022
107.120 107.733 108.427 109.164 109.927
107.248 107.831 108.522 109.254 110.077
101.185 101.455 102.244 102.715 103.318
121.159 122.827 125.876 128.886 133.598
94.945 94.854 95.067 94.910 94.517
26
88.257
85.559
85.388
84.540
83.958
83.222
82.432
2/
28
29
30
63.273
96.735
95.186
101.662
58.577
94.540
93.659
104.261
57.991
94.704
93.484
104.589
56.274
93.892
93.418
105.639
53.972
94.243
93.564
106.962
51.837
94.354
93.436
108.209
49.997
94.206
93.152
108.449
31 103.914
32 103.174
33 112.379
34
US
36
109.542
104.117
119.935
109.002 109.839 110.053 109.319
104.426 104.975 106.952 108.165
121.312 122.574 123.062 124.359
108.919
108.682
125.660
3/
38
39
40
41
42
43
44
45
46
47
109.460
109.740
110.434
112.365
98.019
108.473
110.014
99.181
109.303
110.213
105.704
113.505
114.354
114.840
117.172
99.922
113.498
115.720
99.993
113.022
114.116
108.699
114.003
114.825
115.429
117.824
100.129
113.734
115.981
100.088
113.536
114.611
109.289
119.638
119.044
119.481
122.299
101.563
118.286
121.017
101.698
120.013
121.223
115.234
48
56.596
51.448
50.966
48.989
46.975
45.166
43.352
49
50
51
106.667
106.881
108.558
109.875
110.172
121.112
110.228
110.603
121.624
111.153
111.303
127.840
112.017
111.594
129.443
112.991
112.545
137.716
114.160
112.869
152.526
52
53
105.640
106.310
108.224
109.102
108.541
109.371
109.181
110.111
109.990
110.950
110.561
111.655
111.147
112.486
b4
55
106.982
107.353
109.887
110.895
110.162 110.958 111.861
111.193 111.575 111.829
112.629
112.860
113.520
113.256
56
109.507
115.551
114.246
117.211
121.847
123.329
130.507
5/
58
106.094
106.330
108.700 109.014
109.124 109.389
109.725
110.124
110.511
110.963
111.155
111.667
111.841
112.509
59
105.883
108.921
110.106
110.898
111.798
112.897
109.253
115.148 116.747 117.820
115.575 117.550 118.168
116.198 118.060 118.471
118.561 120.631 121.144
101.087 101.667 101.436
114.447 116.647 117.681
116.725 119.173 120.334
100.619 101.279 101.549
114.914 116.291 117.635
116.081 117.462 118.909
110.305 111.668 112.609
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
Seasonally adjusted at annual rates
2005
2003
2004
2004
2005
III
Gross domestic purchases. ..
Personal consumption
expenditures............................
Durable g oods...........................
Motor vehicles and p a rts.....
Furniture and household
equipment..........................
Other.......................................
Nondurable g oods.....................
Food........................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
Other.......................................
Services......................................
H ousing..................................
Household operation............
Electricity and g a s ............
Other household operation
Transportation........................
Medical ca re ..........................
R ecreation..............................
Other.......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential........................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipment.............
Software1..................
O th er.........................
Industrial equipment....
Transportation
equipment..................
Other equipment...........
Residential.............................
Change in private inventories...
Farm .......................................
Nonfarm..................................
Government consumption
expenditures and gross
investment.................................
Federal.............
National defense....................
Consumption expenaitures
Gross investment..............
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures
Gross investment..............
Addenda:
Final sales of computers to
domestic purchasers2...........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers.............................
Food.............................................
Energy goods and services.....
Gross domestic purchases
excluding food and energy....
Gross domestic product............
Gross domestic product
excluding final sales of
computers......................
Food....................................
Energy goods and
services.........................
Gross domestic product
excluding food and
energy............................
Final sales of domestic product
Final sales to domestic
purchasers.............................
IV
I
II
III
1
2.2
2.9
2.0
3.2
2.9
3.3
4.0
2
3
4
1.9
-3.5
-2.4
2.6
-1.9
-1.0
1.5
-2.4
-0.3
3.1
0.6
4.4
2.3
0.9
5.7
3.3
-0.5
0.6
3.6
-3.0
-3.0
5
6
7
8
9
-6.0
-1.6
2.0
1.9
-2.5
-4.1
0.1
3.3
3.1
-0.4
-4.9
-2.8
0.1
2.5
-2.7
-2.6
-1.9
4.5
2.5
-0.6
-3.8
-1.0
1.3
1.0
0.8
-2.2
0.1
5.7
3.5
-1.8
-6.7
4.0
7.9
1.3
-4.1
10
11
12
13
14
15
16
17
18
19
20
16.6
0.1
3.0
2.5
3.9
7.8
1.5
2.9
3.3
2.7
3.1
17.6
1.0
3.2
2.5
2.1
3.9
1.0
2.2
3.6
2.6
4.2
-6.7
0.2
2.9
2.5
3.7
7.2
1.5
3.4
2.9
2.5
3.2
29.2
2.2
3.0
2.0
1.9
4.2
0.4
2.1
3.0
3.3
4.7
1.6
1.9
3.0
2.9
4.6
6.6
3.2
1.7
3.7
2.1
2.3
41.1
0.9
2.9
2.6
5.9
11.9
1.9
5.8
1.9
2.4
2.9
77.1
1.8
2.9
2.2
6.5
14.4
1.2
5.3
2.5
3.3
2.0
21
22
23
24
25
1.6
1.7
0.3
3.5
-0.9
3.1
3.2
1.3
5.5
-0.1
3.2
3.0
0.9
6.6
-0.9
2.3
2.2
1.1
5.6
-0.4
2.6
2.6
3.1
10.3
0.9
2.7
2.7
1.9
9.9
-0.7
2.8
3.0
2.4
15.4
-1.6
26
-3.3
-3.1
-2.2
-3.9
-2.7
-3.5
-3.7
2/
28
29
30
-10.8
-2.1
-0.8
0.8
-7.4
-2.3
-1.6
2.6
-9.7
0.2
-0.5
3.1
-11.3
-3.4
-0.3
4.1
-15.4
1.5
0.6
5.1
-14.9
0.5
-0.5
4.7
-13.5
-0.6
-1.2
0.9
31
32
33
34
35
36
3.7
0.9
4.8
5.4
0.9
6.7
-3.5
1.4
6.9
3.1
2.1
4.2
0.8
7.7
1.6
-2.6
4.6
4.3
-1.5
1.9
4.3
37
38
39
40
41
42
43
44
45
46
4/
3.7
3.9
4.4
5.0
0.2
3.0
3.5
-0.2
3.7
4.2
1.6
3.7
4.2
4.0
4.3
1.9
4.6
5.2
0.8
3.4
3.5
2.8
3.2
2.2
2.8
3.0
1.3
1.2
1.2
0.9
3.7
4.0
2.7
4.1
2.6
2.7
2.5
3.9
2.5
2.6
2.1
4.9
5.2
3.8
5.7
7.0
6.6
7.2
2.3
7.9
8.7
2.6
4.9
4.8
5.0
3.7
2.1
1.4
1.7
-0.9
3.6
4.0
1.1
4.7
5.0
3.4
6.3
3.0
3.5
3.9
0.5
2.1
2.3
0.6
8.3
8.0
9.7
48
-14.0
-9.1
-10.8
-14.6
-15.5
-14.5
-15.1
49
50
51
2.4
1.9
13.1
3.0
3.1
11.6
2.2
2.5
2.5
3.4
2.6
22.1
3.1
1.0
5.1
3.5
3.5
28.1
4.2
1.2
50.5
52
53
1.8
2.0
2.4
2.6
2.0
1.5
2.4
2.7
3.0
3.1
2.1
2.6
2.1
3.0
54
55
2.2
2.2
2.7
3.3
1.6
0.5
2.9
1.4
3.3
0.9
2.8
3.7
3.2
1.4
56
8.3
5.5
-10.9
10.8
16.8
5.0
25.4
5/
58
1.8
2.0
2.5
2.6
2.0
1.4
2.6
2.7
2.9
3.1
2.4
2.6
2.5
3.1
59
2.2
2.9
2.0
3.2
2.9
3.3
4.0
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
D ecem ber 2005
D -1 3
S u r v e y o f C u r r e n t B usin ess
Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic
Product, Real Gross National Product, and Real Net National Product
[Percent]
Table 1.6.8. Contributions to Percent Change in the Gross Domestic
Purchases Price Index
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Percent change at annual rate:
Gross domestic purchases...
Percentage points at annual
rates:
Personal consumption
expenditures............................
Durable goods...........................
Motor vehicles and parts......
Furniture and household
equipment..........................
O th er......................................
Nondurable goods.....................
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods.....................
O th er......................................
S ervices.....................................
Housing..................................
Household operation............
Electricity and g as............
Other household operation
Transportation........................
Medical care..........................
Recreation..............................
O th er......................................
Gross private domestic
investment.................................
Fixed investment........................
Nonresidential.......................
Structures..........................
Equipment and software...
Information processing
equipment and
software.....................
Computers and
peripheral
equipm ent............
Software1..................
O ther.........................
Industrial equipment....
Transportation
equipm ent................
Other equipm ent..........
Residential..............................
Change in private inventories
Farm .......................................
Nonfarm..................................
Government consumption
expenditures and gross
investment.................................
Federal.......................................
National defense....................
Consumption expenditures
Gross investment..............
Nondefense...........................
Consumption expenditures
Gross investment..............
State and local...........................
Consumption expenditures
Gross investment..............
Addenda:
Final sales of computers to
domestic purchasers2 ..........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
Food............................................
Energy goods and services.....
Gross domestic purchases
excluding food and energy....
Seasonally adjusted at annual rates
2005
IV
I
II
Line
III
2003
2004
2004
2005
III
1
2.2
2.9
2.0
3.2
2.9
3.3
4.0
2
3
4
1.29
-0.31
-0.10
1.73
-0.16
-0.04
0.97
-0.20
-0.01
2.08
0.05
0.15
1.50
0.07
0.20
2.19
-0.04
0.02
2.39
-0.24
-0.11
5
6
7
8
9
-0.18
-0.03
0.39
0.18
-0.07
-0.12
0.00
0.64
0.28
-0.01
-0.14
-0.04
0.02
0.22
-0.07
-0.08
-0.03
0.86
0,23
-0.02
-0.11
-0.02
0.25
0.09
0.02
-0.06
0.00
1.09
0.32
-0.05
-0.19
0.06
1.50
0.12
-0.11
10
11
12
13
14
15
16
17
18
19
20
0.27
0.01
1.21
0.25
0.14
0.11
0.04
0.08
0.37
0.07
0.29
0.32
0.05
1.25
0.25
0.08
0.06
0.02
0.06
0.40
0.07
0.39
-0.14
0.01
1.14
0.25
0.13
0.10
0.03
0.08
0.33
0.07
0.29
0.53
0.11
1.17
0.20
0.07
0.06
0.01
0.05
0.34
0.09
0.43
0.03
0.10
1.18
0.29
0.16
0.10
0.07
0.04
0.41
0.06
0.21
0.77
0.05
1.14
0.25
0.21
0.17
0.04
0.14
0.21
0.06
0.27
1.39
0.09
1.12
0.21
0.23
0.20
0.03
0.13
0.28
0.09
0.18
21
22
23
24
25
0.24
0.25
0.02
0.09
-0.06
0.47
0.47
0.12
0.13
-0.01
0.51
0.46
0.09
0.16
-0.07
0.37
0.34
0.11
0.13
-0.03
0.41
0.40
0.31
0.24
0.07
0.44
0.43
0.19
0.24
-0.05
0.45
0.48
0.24
0.37
-0.13
26
-0.12
-0.11
-0.08
-0.15
-0.10
-0.13
-0.14
27
28
29
30
-0.08
-0.03
-0.01
0.01
-0.06
-0.03
-0.02
0.03
-0.08
0.00
-0.01
0.04
-0.09
-0.05
0.00
0.05
-0.13
0.02
0.01
0.06
-0.13
0.01
-0.01
0.06
-0.12
-0.01
-0.02
0.01
31
32
33
34
35
36
0.04
0.01
0.23
-0.01
0.00
-0.01
0.06
0.01
0.34
0.01
0.00
0.01
-0.04
0.02
0.37
0.04
-0.01
0.06
0.04
0.03
0.23
0.03
0.00
0.03
0.01
0.10
0.09
0.01
0.00
0.01
-0.03
0.06
0.24
0.01
0.00
0.01
-0.02
0.03
0.24
-0.04
-0.01
-0.03
37
38
39
40
41
42
43
44
45
46
47
0.67
0.25
0.18
0.18
0.00
0.07
0.07
0.00
0.43
0.39
0.04
0.67
0.28
0.17
0.16
0.01
0.10
0.10
0.00
0.39
0.32
0.06
0.57
0.15
0.13
0.12
0.01
0.02
0.02
0.00
0.42
0.36
0.06
0.73
0.18
0.12
0.10
0.02
0.06
0.05
0.01
0.55
0.47
0.08
1.00
0.46
0.29
0.27
0.01
0.17
0.16
0.01
0.54
0.43
0.11
0.66
0.14
0.06
0.07
0.00
0.08
0.08
0.00
0.52
0.45
0.08
1.12
0.20
0.16
0.15
0.00
0.05
0.04
0.00
0.92
0.71
0.21
48
-0.16
-0.11
-0.13
-0.18
-0.20
-0.19
-0.19
II
I
III
1
2.7
4.2
4.0
3.3
3.8
3.3
4.3
2
10.1
18.0
15.8
45.5
-2.6
21.9
16.5
3
4
5
6
7
8
-1.8
3.0
2.5
2.6
2.3
2.1
28.0
4.0
5.4
6.0
2.6
2.4
15.7
4.0
42.9
51.9
2.7
2.6
70.5
2.9
-24.4
-28.6
2.7
2.6
-5.3
3.9
2.3
2.1
2.9
2.9
28.6
3.2
2.4
2.3
2.7
2.5
15.4
4.4
123.5
147.2
28.8
2.1
9
10
3.5
3.1
3.5
3.9
3.5
-0.6
3.3
7.5
3.3
4.1
3.6
3.3
254.4
-6.8
11
12
13
14
2.1
2.4
2.7
2.0
4.0
3.8
4.0
3.8
4.6
4.7
-0.6
0.1
5.5
5.0
8.0
10.6
3.5
3.6
4.0
3.7
2.0
1.9
3.4
2.0
4.5
4.6
-6.9
-6.7
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
3. Net domestic income deflated by the implicit price deflator for net domestic product.
Table 1.7.3. Real Gross Domestic Product, Real Gross National Product, and
Real Net National Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
49
50
51
52
2.37
0.18
0.48
1.55
2.97
0.29
0.46
2.12
2.18
0.23
0.10
1.71
3.36
0.24
0.87
2.06
3.10
0.10
0.23
2.58
3.48
0.32
1.15
1.81
4.15
0.11
1.99
1.85
2003
2004
2004
III
Gross domestic product............
Plus: Income receipts from the
rest of the w orld.........................
Less: Income payments to the rest
of the w orld .................................
Equals: Gross national product
Less: Consumption of fixed capital
Private...........................
Government...................
General government
Government
enterprises...........
Equals: Net national product....
Addendum:
Net domestic product................
2
3
4
5
6
7
8
84.966
100.245
2005
IV
1 105.130 109.562 110.104
100.668
I
II
11
III
111.003
112.044 112.959 114.150
110.564
109.838
115.405
119.898
75.773 97.016 98.917 113.032 111.516 118.761 123.101
105.370 109.637 110.128 110.916 111.977 112.851 114.060
111.127 117.153 124.833 116.406 117.057 117.749 143.968
111.797 118.487 127.656 117.360 117.978 118.658 148.785
107.765 110.525 110.893 111.634 112.447 113.192 120.587
107.578 110.131 110.471 111.178 111.971 112.664 113.261
9 108.790 112.647 113.167 114.086 115.004 116.026
10 104.584 108.623 108.189 110.161 111.274 112.172
104.309
108.533
108.153
110.257
111.347
112.290
159.199
110.213
110.297
Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National
Product, and Net National Product
[Index numbers, 2000=100]
Seasonally adjusted
Line
1. Excludes software “embedded," or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
Gross domestic product............
Plus: Income receipts from the
rest of the w orld.........................
Less: Income payments to the rest
of the w orld.................................
Equals: Gross national product
Less: Consumption of fixed capital
Private...........................
Government...................
General government
Government
enterprises...........
Equals: Net national product....
Addenda:
Gross domestic income1 ..........
Gross national income2 ............
Net domestic product................
Net domestic income3 ..............
IV
2003
2004
III
Gross domestic product............
Plus: Income receipts from the
rest of the w orld.........................
Less: Income payments to the rest
of the w orld .................................
Equals: Gross national product
Less: Consumption of fixed capital
Private...........................
Government...................
General government
Government
enterprises...........
Equals: Net national product....
Addendum:
Net domestic product................
2005
2004
IV
i
II
III
1 106.310
109.102 109.371
110.111
110.950
111.655 112.486
2 105.709
108.296
108.592
109.353
110.041
110.882
3
4
5
6
7
8
111.976
105.817 108.452 108.798 109.601 110.450 111.314 112.395
106.304 109.094 109.362 110.100 110.933 111.638 112.470
100.857 103.141 103.474 104.303 104.179 104.197 104.943
100.455 102.737 103.066 103.855 103.595 103.508 104.099
102.950 105.239 105.587 106.639 107.237 107.808 109.435
102.502 104.759 105.107 106.148 106.719 107.265 108.822
9 105.349
10 107.095
107.809
109.959
108.154 109.267 110.006 110.711
110.216 110.941 111.912 112.715
11
109.972
110.231
107.105
110.957
111.936
112.740
112.651
113.561
113.584
D -1 4
N a tio n a l D a ta
Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net
National Product, National Income, and Personal Income
[Billions of dollars]
D ecem ber 2005
Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National
Product, and Real Net National Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
Gross domestic product............
Plus: Income receipts from the
rest of the world.........................
Less: Income payments to the rest
of the world.................................
Equals: Gross national product
Less: Consumption of fixed capital
Private...........................
Domestic business...
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Households and
institutions............
Government...................
General government
Government
enterprises...........
Equals: Net national product....
Less: Statistical discrepancy....
Equals: National income............
Less: Corporate profits with
inventory valuation and capital
consumption adjustments
Taxes on production and
imports less subsidies
Contributions for
government social
insurance.......................
Net interest and
miscellaneous
payments on assets
Business current transfer
payments (ne t).............
Current surplus of
government enterprises
Wage accruals less
disbursements..............
Plus: Personal income receipts on
assets..........................................
Personal current transfer
receipts..........................
Equals: Personal income...........
Addenda:
Gross domestic income............
Gross national income..............
Gross national factor income1
Net domestic product...............
Net domestic income................
Net national factor income2
2005
IV
III
Seasonally adjusted at annual rates
II
I
Line
343.7
415.4
418.1
462.4
462.3
489.4
513.5
3
275.6
361.7
369.6
425.6
422.9
453.9
475.1
4 11,039.3 11,788.0 11,867.3 12,032.0 12,238.2 12,413.5 12,639.4
5 1,331.3 1,435.3 1,534.1 1,442.0 1,448.4 1,457.2 1,794.4
6 1,112.8 1,206.2 1,303.5 1,207.6 1,210.9 1,216.9 1,534.5
7
911.5
978.4
973.3 1,032.0
980.4
984.5 1,145.3
8
1,127.6
1,228.6
1,269.1
1,237.4
1,011.1
1,023.9
1,112.8
9
216.2
255.3
237.1
259.0
30.8
39.4
-32.5
10
11
12
201.3
218.5
183.5
232.8
229.1
192.0
271.5
230.6
193.2
229.2
234.5
196.3
230.5
237.5
198.8
232.4
240.4
201.1
389.2
259.9
205.1
13
14
15
16
37.4
35.1
37.2
38.1
38.7
39.3
54.9
9,708.0 10,352.8 10,333.2 10,589.9 10,789.8 10,956.3 10,845.0
47.1
76.8
30.6
39.4
78.3
90.8
72.5
9,660.9 10,275.9 10,242.4 10,559.3 10,750.4 10,878.0 10,772.5
1/
1,031.8
1,161.5
1,117.2
1,219.5
1,288.2
1,347.5
1,302.0
18
754.8
809.4
812.3
824.4
833.2
848.0
853.8
19
776.6
822.2
825.9
843.5
861.0
864.9
872.5
20
528.5
505.5
497.5
492.7
498.3
488.7
493.4
Gross domestic product............
Plus: Income receipts from the
rest of the w orld.........................
Less: Income payments to the rest
of the w orld.................................
Equals: Gross national product
Less: Consumption of fixed capital
Private...........................
Government...................
General government
Government
enterprises...........
Equals: Net national product....
Addenda:
Gross domestic income1 ..........
Gross national income2 ............
Net domestic product................
Net domestic income3 ..............
2004
2005
IV
I
II
III
1 10,320.6 10,755.7 10,808.9 10,897.1 10,999.3 11,089.2 11,206.1
2
325.2
383.7
423.2
385.3
420.4
441.7
458.9
3
333.5
388.5
260.5
340.0
383.3
408.2
423.1
4 10,385.2 10,805.7 10,854.1 10,931.8 11,036.3 11,122.5 11,241.6
5 1,320.0 1,391.6 1,482.8 1,382.7 1,390.4 1,398.7 1,710.1
6 1,107.7 1,174.0 1,264.9 1,162.9 1,169.0 1,175.7 1,474.2
7
217.7
212.3
218.4
219.9
221.5
223.0
237.5
8
183.2
179.0
183.8
185.0
186.3
188.5
187.5
9
10
33.3
9,065.4
34.5
9,415.5
34.6
9,377.9
34.9
9,548.8
35.2
9,645.3
48.7
9,553.3
35.5
9,723.1
11 10,276.3 10,685.2 10,725.9 10,869.3 10,963.8 11,019.1 11,141.6
12 10,340.9 10,735.3 10,771.1 10,904.0 11,000.8 11,052.4 11,177.2
13 9,001.0 9,365.5 9,332.7 9,514.2 9,608.3 9,689.7 9,517.7
14 8,957.0 9,295.6 9,250.3 9,486.6 9,573.1 9,620.2 9,453.8
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
3. Net domestic income deflated by the implicit price deflator for net domestic product.
Note. Except as noted in footnotes 1, 2 and 3, chained (2000) dollar series are calculated as the product of the chain-type
quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not
additive.
Table 1.8.3. Command-Basis Real Gross National Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
21
22
81.6
1.3
23
0.0
24
25
26
Line
91.1
-3.0
83.0
-3.0
102.6
-5.2
99.0
-6.1
99.6
-7.0
0.0
0.0
0.0
0.0
0.0
1,338.7
1,396.5
1,378.2
1,493.6
1,407.9
1,439.8
1,465.4
1,344.0
9,169.1
1,427.5
9,713.3
1,441.5 1,449.2 1,488.8 1,509.6 1,552.7
9,729.2 10,024.8 10,073.4 10,185.7 10,259.7
12,299.7
12,335.2
11,394.6
10,920.7
10,842.5
9,937.4
2004
2004
2005
II
III
1 105.370
109.637
110.128
110.916
111.977
112.851
114.060
2
91.713
101.584
102.176
106.102
107.308
110.796
112.147
3
93.310
102.059
102.316
105.681
107.180
109.686
109.715
-22.7
0.0
27 10,924.2 11,657.5 11,728.0 11,964.6 12,159.4
28 10,992.3 11,711.2 11,776.5 12,001.4 12,198.8
29 10,154.6 10,813.7 10,884.2 11,079.6 11,272.6
30 9,639.9 10,299.0 10,284.7 10,553.2 10,750.4
31 9,592.9 10,222.2 10,193.9 10,522.5 10,711.0
32 8,823.3 9,378.4 9,350.1 9,637.6 9,824.2
2003
31.8
12,528.5
12,566.9
11,704.0
10,806.6
10,734.1
9,909.6
1. Consists of compensation of employees, proprietors' income with inventory valuation adjustment (IVA) and capital
consumption adjustment (CCAdj), rental income of persons with CCAdj, corporate profits with IVA and CCAdj, net interest and
miscellaneous payments, and consumption of fixed capital.
2. Consists of gross national factor income less consumption of fixed capital.
2004
III
1 10,971.2 11,734.3 11,818.8 11,995.2 12,198.8 12,378.0 12,601.0
2
2003
III
Gross national product..............
Less: Exports of goods and
services and income receipts
from the rest of the w orld..........
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world1..........................................
Equals: Command-basis gross
national product.......................
Addendum:
Percent change from preceding
period in command-basis
real gross national product...
4 105.610
5
2.9
III
IV
I
109.708 110.149 110.853 111.958 112.684 113.695
3.9
3.6
2.6
4.0
2.6
3.6
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and
services and income payments.
Table 1.8.6. Command-Basis Real Gross National Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross national product..............
Less: Exports of goods and
services and income receipts
from the rest of the w orld..........
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world1..........................................
Equals: Command-basis gross
national product.......................
Addendum:
Terms of trade2..........................
2005
IV
I
II
III
1 10,385.2 10,805.7 10,854.1 10,931.8 11,036.3 11,122.5 11,241.6
2
1,356.4
1,502.4
1,511.1
1,569.2
1,587.0
1,638.6
1,658.6
3
1,380.0
1,509.4
1,513.2
1,563.0
1,585.2
1,622.2
1,622.7
4 10,408.8 10,812.7 10,856.2 10,925.6 11,034.5 11,106.1 11,205.7
5 101.741
100.467
100.140
99.606
99.884
99.001
97.834
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and
services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit
price deflator for imports divided by 100.
N ote. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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.
Decem ber 2005
S u r v e y o f C u r r e n t B u sin ess
D -1 5
Table 1.10. Gross Domestic Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross domestic incom e.......................................................................................................................
Compensation of employees, paid
Wage and salary accruals.........
Disbursements.......................
To persons.........................
To the rest of the world.....
Wage accruals less disbursements........................................................................................................
Supplements to wages and salaries..........................................................................................................
Taxes on production and imports................................................................................................................
Less: Subsidies...............................................................................................................................................
Net operating surplus....................................................................................................................................
Private enterprises........................................................................
Net interest and miscellaneous payments, domestic industries.........................................................
Business current transfer payments (net).............................
Proprietors’ income with inventory valuation and capital consumption adjustments.......................
Rental income of persons with capital consumption adjustm ent.......................................................
Corporate profits with inventory valuation and capital consumption adjustments, domestic
industries..............................................................................................................................................
Taxes on corporate income.................................................................................................................
Profits after tax with inventory valuation and capital consumption adjustm ents.........................
Net dividends...................................................................................................................................
Undistributed corporate profits with inventory valuation and capital consumption
adjustments.................................................................................................................................
Current surplus of government enterprises..............................................................................................
Consumption of fixed capital
Private............................
Government...................
Addendum:
Statistical discrepancy.................................................................................................................................
2005
I
IV
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
10,924.2
6,326.7
5,116.7
5,116.7
5,108.2
8.5
0.0
1,210.0
801.4
46.7
2,511.4
2,510.1
630.9
81.6
810.2
131.7
11,657.5
6,693.4
5,395.2
5,395.2
5,386.4
8.8
0.0
1,298.1
852.8
43.5
2,719.4
2,722.4
630.9
91.1
889.6
134.2
11,728.0
6,730.0
5,427.7
5,427.8
5,418.9
8.8
0.0
1,302.3
855.5
43.2
2,651.6
2,654.6
629.0
83.0
889.1
122.1
11,964.6
6,901.6
5,568.7
5,568.7
5,559.7
9.0
0.0
1,332.9
870.9
46.5
2,796.5
2,801.7
628.6
102.6
900.9
128.7
12,159.4
7,007.3
5,635.5
5,635.5
5,626.9
8.6
0.0
1,371.8
883.8
50.6
2,870.4
2,876.5
646.8
99.0
917.9
118.0
12,299.7
7,065.8
5,677.9
5,677.9
5,669.3
8.6
0.0
1,387.9
900.1
52.1
2,928.7
2,935.7
644.8
99.6
936.6
104.4
12,528.5
7,154.6
5,746.7
5,746.7
5,737.9
8.7
0.0
1,408.0
909.9
56.1
2,725.7
2,748.4
664.4
31.8
938.3
26.9
17
18
19
20
855.8
232.1
623.6
393.4
976.6
271.1
705.5
457.1
931.3
259.0
672.3
420.5
1,040.9
293.0
747.8
569.1
1,094.8
362.6
732.1
375.4
1,150.3
372.5
777.8
364.3
1,086.9
363.5
723.4
261.5
21
22
23
24
25
230.2
1.3
1,331.3
1,112.8
218.5
248.4
-3.0
1,435.3
1,206.2
229.1
251.8
-3.0
1,534.1
1,303.5
230.6
178.7
-5.2
1,442.0
1,207.6
234.5
356.7
-6.1
1,448.4
1,210.9
237.5
413.5
-7.0
1,457.2
1,216.9
240.4
461.9
-22.7
1,794.4
1,534.5
259.9
26
47.1
76.8
90.8
30.6
39.4
78.3
72.5
D -1 6
N a tio n a l D a ta
D ecem ber 2005
Table 1.12. National Income by Type of Income
[Billionsof dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
National incom e......................................................................................................................................
Compensation of employees
...........
Wage and salary accruals............................................................................................................................
Government...............
...........
O ther..........................................................................................................................................................
Supplements to wages and salaries..........................................................................................................
Employer contributions for employee pension and insurance funds.................................................
Employer contributions for government social insurance....................................................................
Proprietors’ income with IVA and CCAdj...................................................................................................
Farm..............................................
Nonfarm ........................................
Rental income of persons with CCAdj
Corporate profits with IVA and CCAdj
Taxes on corporate income..........................................................................................................................
Profits after tax with IVA and CCAdj......
Net dividends.......................................
Undistributed profits with IVA and CCAdj..............................................................................................
Net interest and miscellaneous payments
Taxes on production and imports................................................................................................................
Less: Subsidies...............................................................................................................................................
Business current transfer payments (net)................................................................................................
To persons (net)............................................................................................................................................
To government fn e t)......................................................................................................................................
To the rest of the world (n e t).......................................................................................................................
Current surplus of government enterprises.............................................................................................
Cash flow:
Net cash flow with IVA and C C A dj..............................................................................................................
Undistributed profits with iVA and CCAdj..............................................................................................
Consumption of fixed capital...................................................................................................................
Less: Inventory valuation adjustment.........................................................................................................
Equals: Net cash flow....................................................................................................................................
Addenda:
Proprietors’ income with IVA and CCAdj....................................................................................................
Farm............................................................................................................................................................
Proprietors’ income with IVA...............................................................................................................
Capital consumption adjustment........................................................................................................
Nonfarm.....................................................................................................................................................
Proprietors' income (without IVA and CCAdj)..................................................................................
Inventory valuation adjustment..........................................................................................................
Capital consumption adjustment........................................................................................................
Rental income of persons with CCAdj........................................................................................................
Rental income of persons (without CCAdj)...........................................................................................
Capital consumption adjustment............................................................................................................
Corporate profits with IVA and CCAdj........................................................................................................
Corporate profits with IV A .......................................................................................................................
Profits before tax (without IVA and CCAdj)......................................................................................
Taxes on corporate income............................................................................................................
Profits after tax (without IVA and CCAdj).....................................................................................
Net dividends...............................................................................................................................
Undistributed profits (without IVA and CCAdj)........................................................................
Inventory valuation adjustment..........................................................................................................
Capital consumption adjustment............................................................................................................
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
2005
IV
I
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
9,660.9
6,321.1
5,111.1
903.3
4,207.8
1,210.0
830.0
380.0
810.2
27.7
782.4
131.7
1,031.8
232.1
799.7
423.2
376.5
528.5
801.4
46.7
81.6
30.5
48.9
2.3
1.3
10,275.9
6,687.6
5,389.4
939.5
4,450.0
1,298.1
895.5
402.7
889.6
35.8
853.8
134.2
1,161.5
271.1
890.3
493.0
397.3
505.5
852.8
43.5
91.1
33.0
51.5
6.6
-3.0
10,242.4
6,724.2
5,422.0
942.8
4,479.2
1,302.3
897.9
404.4
889.1
29.7
859.4
122.1
1,117.2
259.0
858.2
475.9
382.3
497.5
855.5
43.2
83.0
44.4
47.8
-9.1
-3.0
10,559.3
6,895.8
5,562.9
950.0
4,612.9
1,332.9
919.6
413.4
900.9
24.6
876.3
128.7
1,219.5
293.0
926.4
589.3
337.2
492.7
870.9
46.5
102.6
29.8
54.7
18.0
-5.2
10,750.4
7,001.7
5,629.9
961.8
4,668.1
1,371.8
950.0
421.9
917.9
24.7
893.2
118.0
1,288.2
362.6
925.6
494.9
430.7
498.3
883.8
50.6
99.0
29.1
55.7
14.2
-6.1
10,878.0
7,060.2
5,672.3
967.3
4,705.0
1,387.9
964.4
423.5
936.6
19.6
917.1
104.4
1,347.5
372.5
975.0
506.3
468.7
488.7
900.1
52.1
99.6
29.2
56.1
14.2
-7.0
10,772.5
7,148.9
5,741.0
975.0
4,766.0
1,408.0
981.0
426.9
938.3
18.2
920.1
26.9
1,302.0
363.5
938.5
520.1
418.4
493.4
909.9
56.1
31.8
71.8
-18.3
-21.7
-22.7
26
27
28
29
30
1,130.8
376.5
754.4
-13.3
1,144.1
1,196.9
397.3
799.6
-39.6
1,236.6
1,219.1
382.3
836.8
-36.9
1,256.0
1,143.8
337.2
806.7
-44.4
1,188.3
1,239.2
430.7
808.5
-39.1
1,278.3
1,280.9
468.7
812.2
-18.9
1,299.8
1,315.2
418.4
896.8
-27.4
1,342.5
31
32
33
34
3b
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
810.2
27.7
33.0
-5.3
782.4
658.5
-1.7
125.6
131.7
143.7
-12.1
1,031.8
923.9
937.2
232.1
705.1
423.2
281.9
-13.3
107.9
889.6
35.8
41.7
-5.9
853.8
723.9
-4.7
134.6
134.2
149.5
-15.3
1,161.5
1,019.7
1,059.3
271.1
788.2
493.0
295.2
-39.6
141.8
889.1
29.7
35.7
-6.0
859.4
734.5
-4.2
129.1
122.1
143.9
-21.8
1,117.2
981.3
1,018.2
259.0
759.2
475.9
283.4
-36.9
135.8
900.9
24.6
30.9
-6.2
876.3
742.1
-5.0
139.1
128.7
142.4
-13.7
1,219.5
1,079.7
1,124.1
293.0
831.1
589.3
241.8
-44.4
139.8
917.9
24.7
30.8
-6.0
893.2
796.4
-4.5
101.3
118.0
131.5
-13.5
1,288.2
1,339.2
1,378.3
362.6
1,015.7
494.9
520.8
-39.1
-51.0
936.6
19.6
25.4
-5.9
917.1
815.1
-2.5
104.5
104.4
117.8
-13.4
1,347.5
1,393.3
1,412.2
372.5
1,039.7
506.3
533.4
-18.9
-45.8
938.3
18.2
23.9
-5.8
920.1
844.7
-4.8
80.2
26.9
67.4
-40.5
1,302.0
1,368.5
1,395.9
363.5
1,032.4
520.1
512.3
-27.4
-66.5
D ecem ber 2005
D -1 7
S u r v e y o f C u r r e n t B u siness
Table 1.14. Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial
Domestic Corporate Business in Current and Chained Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
2005
I
IV
II
III
Gross value added of corporate business1.....................................................................................
Consumption of fixed capital............................................................................................................................
Net value added.................................................................................................................................................
Compensation of employees.......................................................................................................................
Wage and salary accruals.......................................................................................................................
Supplements to wages and salaries......................................................................................................
Taxes on production and imports less subsidies.......................................................................................
Net operating surplus...................................................................................................................................
Net interest and miscellaneous payments............................................................................................
Business current transfer payments.......................................................................................................
Corporate profits with IVA and CCAdj....................................................................................................
Taxes on corporate income.................................................................................................................
Profits after tax with IVA and CCAdj..................................................................................................
Net dividends...................................................................................................................................
Undistributed profits with IVA and CCAdj.....................................................................................
Gross value added of financial corporate business1....................................................................
Gross value added of nonfinancial corporate business1.............................................................
Consumption of fixed capital............................................................................................................................
Net value added.................................................................................................................................................
Compensation of employees.......................................................................................................................
Wage and salary accruals.......................................................................................................................
Supplements to wages and salaries......................................................................................................
Taxes on production and imports less subsidies......................................................................................
Net operating surplus...................................................................................................................................
Net interest and miscellaneous payments............................................................................................
Business current transfer payments.......................................................................................................
Corporate profits with IVA and CCAdj....................................................................................................
Taxes on corporate income.................................................................................................................
Profits after tax with IVA and CCAdj..................................................................................................
Net dividends...................................................................................................................................
Undistributed profits with IVA and CCAdj.....................................................................................
Addenda:
Corporate business:
Profits before tax (without IVA and CCAdj)...........................................................................................
Profits after tax (without IVA and CCAdj)..............................................................................................
Inventory valuation adjustment...............................................................................................................
Capital consumption adjustment............................................................................................................
Nonfinancial corporate business:
Profits before tax (without IVA and CCAdj)...........................................................................................
Profits after tax (without IVA and CCAdj)..............................................................................................
Inventory valuation adjustment..............................................................................................................
Capital consumption adjustment............................................................................................................
1
2
3
4
5
6
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
6,478.6
754.4
5,724.3
4,156.2
3,381.7
774.5
526.4
1,041.7
124.5
61.5
855.8
232.1
623.6
393.4
230.2
882.9
5,595.7
652.6
4,943.1
3,703.2
3,007.8
695.4
486.5
753.4
166.2
62.4
524.9
126.5
398.3
295.5
102.8
6,914.4
799.6
6,114.8
4,395.0
3,571.6
823.4
561.5
1,158.3
97.4
84.3
976.6
271.1
705.5
457.1
248.4
918.9
5,995.4
690.3
5,305.1
3,906.8
3,168.6
738.3
519.1
879.2
164.9
60.4
653.9
165.9
487.9
361.2
126.7
6,957.0
836.8
6,120.2
4,419.4
3,594.9
824.5
563.1
1,137.6
91.9
114.4
931.3
259.0
672.3
420.5
251.8
919.0
6,038.0
722.0
5,316.1
3,928.5
3,189.3
739.2
520.6
866.9
162.1
37.9
666.9
171.8
495.1
327.3
167.8
7,143.1
806.7
6,336.4
4,547.0
3,702.2
844.9
573.1
1,216.2
90.5
84.9
1,040.9
293.0
747.8
569.1
178.7
944.1
6,198.9
696.2
5,502.8
4,042.0
3,284.5
757.5
529.9
930.9
162.1
69.5
699.3
180.8
518.5
465.0
53.5
7,275.5
808.5
6,467.0
4,618.3
3,746.3
872.0
581.6
1,267.1
93.3
79.1
1,094.8
362.6
732.1
375.4
356.7
992.7
6,282.8
697.5
5,585.3
4,105.4
3,323.6
781.8
537.7
942.2
167.0
58.0
717.1
231.9
485.2
306.7
178.5
7,386.2
812.2
6,574.0
4,657.7
3,775.9
881.8
592.6
1,323.8
93.9
79.6
1,150.3
372.5
777.8
364.3
413.5
972.2
6,414.0
700.4
5,713.6
4,140.5
3,349.9
790.6
547.9
1,025.2
167.3
58.4
799.6
248.6
550.9
297.6
253.4
7,477.8
896.8
6,581.1
4,718.7
3,824.8
894.0
599.1
1,263.2
95.6
80.7
1,086.9
363.5
723.4
261.5
461.9
973.0
6,504.8
778.2
5,726.6
4,194.7
3,393.2
801.5
553.9
978.0
171.3
5.2
801.5
259.3
542.2
213.6
328.6
32
33
34
35
761.1
529.0
-13.3
107.9
874.4
603.3
-39.6
141.8
832.4
573.4
-36.9
135.8
945.5
652.4
-44.4
139.8
1,184.8
822.2
-39.1
-51.0
1,215.0
842.5
-18.9
-45.8
1,180.8
817.3
-27.4
-66.5
36
37
38
39
448.1
321.6
-13.3
90.0
573.9
407.9
-39.6
119.7
589.5
417.7
-36.9
114.2
626.1
445.3
-44.4
117.6
807.6
575.6
-39.1
-51.3
865.5
616.9
-18.9
-47.0
895.9
636.6
-27.4
-67.0
Gross value added of nonfinancial corporate business2.............................................................
Consumption of fixed capital3............................................................................................................
Net value added4.................................................................................................................................
40
41
42
5,412.5
629.4
4,783.1
6,029.1
663.6
5,365.6
6,088.4
733.2
5,355.2
Value added, in billions of chained (2000) dollars:
5,700.9
656.5
5,044.4
5,742.0
685.2
5,056.9
5,879.5
657.3
5,222.2
5,926.8
660.2
5,266.5
1. Estimates for financial corporate business and nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are
based on the North American Industry Classification System (NAICS).
2. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not avail
able, the chain-type price index for GDP goods and structures is used.
3. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by
100.
4. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business
[Dollars]
Seasonally adjusted
Line
2003
2004
2004
III
Price per unit of real gross value added of nonfinancial corporate business1................................
Compensation of employees (unit labor cost).........................................................................................
Unit nonlabor c o s t...............................................
Consumption of fixed capital............................
Taxes on production and imports less subsidies plus business current transfer paym ents...............
Net interest and miscellaneous payments.................................................................................................
Corporate profits with IVA and CCAdj (unit profits from current production)..................................
Taxes on corporate income..........................................................................................................................
Profits after tax with IVA and CCAdj...........................................................................................................
1
2
3
4
5
6
7
8
9
1.034
0.684
0.253
0.121
0.101
0.031
0.097
0.023
0.074
1.052
0.685
0.252
0.121
0.102
0.029
0.115
0.029
0.086
1.052
0.684
0.251
0.126
0.097
0.028
0.116
0.030
0.086
2005
IV
1.054
0.687
0.248
0.118
0.102
0.028
0.119
0.031
0.088
I
II
1.060
0.693
0.247
0.118
0.101
0.028
0.121
0.039
0.082
1.064
0.687
0.245
0.116
0.101
0.028
0.133
0.041
0.091
III
1.068
0.689
0.248
0.128
0.092
0.028
0.132
0.043
0.089
1. The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS).
Note. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not avail
able, the chain-type price index for GDP goods and structures is used.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
18
N a tio n a l D a ta
D ecem ber 2005
Personal Income and Outlays
Table 2.1. Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2004
2003
2004
III
Personal income..............................................................................................................................................
Compensation of employees, received......................................................................................................
Wage and salary disbursements............................................................................................................
Private industries...............
Government........................
Supplements to wages and salaries......................................................................................................
Employer contributions for employee pension and insurance fu n d s.............................................
Employer contributions for government social insurance................................................................
Proprietors’ income with inventory valuation and capital consumption adjustments...........................
Farm............................................................................................................................................................
Nonfarm.....................................................................................................................................................
Rental income of persons with capital consumption adjustment............................................................
Personal income receipts on assets...........................................................................................................
Personal interest income..........................................................................................................................
Personal dividend income.......................................................................................................................
Personal current transfer receipts................................................
Government social benefits to persons...................................
Old-age, survivors, disability, and health insurance benefits..........................................................
Government unemployment insurance benefits................
Veterans benefits................................................................................
Family assistance1..............
Other.....................................................................................................
Other current transfer receipts, from business (net).............................................................................
Less: Contributions for government social insurance...............................................................................
Less: Personal current taxes......
Equals: Disposable personal income
Less: Personal outlays................
Personal consumption expenditures..........................................................................................................
Personal interest payments2......
Personal current transfer paym ents...........................................................................................................
To government........................
To the rest of the world (ne t)...
Equals: Personal saving......................................................
Personal saving as a percentage of disposable personal incom e.................................................
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars3 ...............................................................................................
Per capita:
Current dollars......................................................................................................................................
Chained (2000) dollars........................................................................................................................
Population (midperiod, thousands)............................................................................................................
Percent change from preceding period:
Disposable personal income, current dollars.................................................................................
Disposable personal income, chained (2000) dollars....................................................................
2005
IV
I
II
III
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
9,169.1
6,321.1
5,111.1
4,207.8
903.3
1,210.0
830.0
380.0
810.2
27.7
782.4
131.7
1,338.7
917.6
421.1
1,344.0
1,313.5
739.3
52.8
32.0
18.4
471.1
30.5
776.6
999.9
8,169.2
7,996.3
7,709.9
183.2
103.3
62.1
41.2
172.8
2.1
9,713.3
6,687.6
5,389.4
4,450.0
939.5
1,298.1
895.5
402.7
889.6
35.8
853.8
134.2
1,396.5
905.9
490.6
1,427.5
1,394.5
789.3
36.0
34.2
18.5
516.5
33.0
822.2
1,049.1
8,664.2
8,512.5
8,214.3
186.7
111.5
68.6
42.9
151.8
1.8
9,729.2
6,724.2
5,422.0
4,479.2
942.8
1,302.3
897.9
404.4
889.1
29.7
859.4
122.1
1,378.2
904.7
473.5
1,441.5
1,397.1
793.7
33.3
34.4
18.5
517.1
44.4
825.9
1,058.4
8,670.9
8,566.3
8,263.2
190.3
112.8
69.4
43.4
104.6
1.2
10,024.8
6,895.8
5,562.9
4,612.9
950.0
1.332.9
919.6
413.4
900.9
24.6
876.3
128.7
1,493.6
907.4
586.2
1,449.2
1,419.5
805.5
32.4
34.8
18.6
528.2
29.8
843.5
1,094.3
8,930.4
8,725.0
8,416.1
196.2
112.7
71.0
41.7
205.4
2.3
10,073.4
7,001.7
5,629.9
4,668.1
961.8
1,371.8
950.0
421.9
917.9
24.7
893.2
118.0
1,407.9
915.4
492.5
1,488.8
1,459.7
828.0
29.4
36.2
18.7
547.3
29.1
861.0
1,171.4
8,902.0
8,854.6
8,535.8
198.1
120.8
72.5
48.3
47.4
0.5
10,185.7
7,060.2
5,672.3
4,705.0
967.3
1,387.9
964.4
423.5
936.6
19.6
917.1
104.4
1,439.8
936.0
503.8
1,509.6
1.480.4
842.2
28.0
36.4
18.7
555.1
29.2
864.9
1,206.0
8,979.7
9,001.2
8,677.0
205.3
118.8
73.9
44.9
-21.5
-0.2
10,259.7
7,148.9
5,741.0
4,766.0
975.0
1,408.0
981.0
426.9
938.3
18.2
920.1
26.9
1,465.4
947.7
517.6
1,552.7
1,480.8
850.1
28.5
36.4
18.8
547.0
71.8
872.5
1,216.8
9,042.8
9,175.7
8,845.4
210.5
119.8
75.4
44.4
-132.9
-1.5
35
7,741.8
8,004.3
7,993.3
8,169.2
8,098.1
8,102.6
8,088.0
36
37
38
28,065
26,596
291.085
29,475
27,230
293,951
29,461
27,159
294,315
30,265
27,685
295,077
30,103
27,384
295,720
30,298
27,338
296,383
30,431
27,218
297.157
39
40
4.3
2.4
6.1
3.4
4.3
2.8
12.5
9.1
-1.3
-3.4
3.5
0.2
2.8
-0.7
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. Consists of nonmortgage interest paid by households,
3. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
Table 2.2B. Wage and Salary Disbursements by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Wage and salary disbursements.........................................................................................................
Private industries.............................................................................................................................................
Goods-producing industries..........................................................................................................................
Manufacturing..............
Services-producing industries.....................................................................................................................
Trade, transportation, and utilities............................................................................................................
Other services-producing industries1.....................................................................................................
Government.......................................................................................................................................................
1
2
3
4
5
6
7
8
5,111.1
4,207.8
1,007.2
668.7
3,200.6
858.6
2,342.0
903.3
5,389.4
4,450.0
1,049.9
687.7
3,400.1
899.7
2,500.4
939.5
5,422.0
4,479.2
1,062.3
696.1
3,416.8
906.3
2,510.5
942.8
2005
IV
5,562.9
4,612.9
1,083.0
707.8
3,529.9
931.1
2,598.8
950.0
I
5,629.9
4,668.1
1,099.2
715.3
3,568.8
937.8
2,631.0
961.8
II
5,672.3
4,705.0
1,107.2
715.5
3,597.9
951.1
2,646.8
967.3
III
5,741.0
4,766.0
1,118.4
720.4
3,647.5
961.8
2,685.7
975.0
1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises,
administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other
services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
D ecem ber 2005
S u r v e y o f C u r r e n t B u sin ess
Table 2.3.1. Percent Change From Preceding Period in Real Personal
Consumption Expenditures by Major Type of Product
D -1 9
Table 2.3.2. Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Personal consumption
expenditures....................
Durable goods..............................
Motor vehicles and parts..........
Furniture and household
equipment...............................
O th er...........................................
Nondurable goods.......................
Food............................................
Clothing and shoes....................
Gasoline, fuel oil, and other
energy goods.........................
Gasoline and oil.....................
Fuel oil and co a l....................
O th er...........................................
Services..........................................
Housing......................................
Household operation................
Electricity and g a s................
Other household operation...
Transportation............................
Medical care ...............................
Recreation..................................
O ther...........................................
Addenda:
Energy goods and services1....
Personal consumption
expenditures excluding food
and energy..............................
Seasonally adjusted at annual rates
2005
IV
I
II
Line
2003
2004
III
2004
III
1
2
3
2.9
6.6
4.8
3.9
6.0
1.6
4.4
10.8
12.4
4.3
5.5
2.8
3.5
2.6
-8.0
3.4
7.9
7.5
4.2
10.5
15.1
4
5
6
7
8
8.8
7.0
3.2
2.7
5.0
11.8
6.1
4.7
5.0
6.3
11.5
6.1
3.9
3.3
6.1
7.0
8.9
5.5
6.6
9.4
11.3
13.2
5.3
5.2
5.6
5.8
12.9
3.6
4.3
7.3
13.3
-3.7
3.6
6.7
3.0
9
10
11
12
13
14
15
16
17
18
19
20
21
0.6
0.7
0.0
4.0
2.0
0.6
1.3
1.3
1.2
-0.1
4.2
3.5
1.5
1.4
1.5
-0.2
4.6
3.0
2.9
1.9
1.6
2.0
1.2
4.1
3.9
2.6
0.7
-0.4
15.4
5.0
3.4
2.8
1.1
-3.6
4.2
-0.1
5.4
3.3
3.4
3.4
6.1
-23.4
2.5
3.6
2.8
9.1
27.4
-1.4
-0.5
4.5
0.7
3.0
9.5
8.7
18.7
3.7
2.8
2.2
1.9
1.3
2.4
2.3
4.4
4.9
1.2
-4.6
-3.2
-18.8
4.2
2.3
2.1
-0.5
-5.1
2.8
2.3
4.2
0.8
1.9
-5.1
-4.8
-8.9
2.8
3.3
1.9
3.1
2.9
3.3
1.5
5.5
0.8
3.5
22
0.9
1.5
-1.1
12.6
6.1
-4.8
-2.1
23
3.1
3.8
4.9
3.4
3.0
3.8
4.3
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Percent change at annual rate:
Personal consumption
expenditures....................
Percentage points at annual
rates:
Durable goods...............................
Motor vehicles and p a rts..........
Furniture and household
equipment...............................
Other............................................
Nondurable goods.......................
Food.............................................
Clothing and shoes....................
Gasoline, fuel oil, and other
energy goods.........................
Gasoline and o il.....................
Fuel oil and c o a l....................
Other............................................
Services..........................................
Housing.......................................
Household operation..................
Electricity and g a s ................
Other household operation...
Transportation............................
Medical ca re ...............................
R ecreation..................................
Other............................................
Addenda:
Energy goods and services1....
Personal consumption
expenditures excluding food
and energy..............................
2005
IV
I
II
III
1
2.9
3.9
4.4
4.3
3.5
3.4
4.2
2
3
0.81
0.28
0.72
0.09
1.26
0.63
0.65
0.15
0.31
-0.44
0.92
0.39
1.21
0.76
4
5
6
7
8
0.37
0.16
0.90
0.36
0.20
0.49
0.14
1.34
0.68
0.25
0.48
0.14
1.12
0.46
0.24
0.30
0.20
1.57
0.90
0.37
0.46
0.29
1.52
0.72
0.22
0.25
0.29
1.05
0.60
0.28
0.54
-0.09
1.06
0.91
0.12
9
10
11
12
13
14
15
16
17
18
19
20
21
0.02
0.02
0.00
0.32
1.21
0.09
0.07
0.03
0.04
0.00
0.70
0.14
0.20
0.04
0.04
0.00
0.37
1.80
0.43
0.10
0.04
0.07
0.05
0.69
0.16
0.37
0.02
-0.01
0.03
0.40
1.99
0.42
0.06
-0.08
0.14
-0.01
0.91
0.14
0.47
0.10
0.17
-0.07
0.20
2.12
0.42
0.48
0.53
-0.05
-0.02
0.77
0.03
0.42
0.30
0.25
0.04
0.29
1.64
0.33
0.11
0.03
0.08
0.08
0.76
0.20
0.16
-0.15
-0.10
-0.05
0.33
1.39
0.32
-0.03
-0.12
0.09
0.08
0.72
0.03
0.26
-0.19
-0.16
-0.02
0.22
1.97
0.28
0.17
0.07
0.10
0.06
0.94
0.03
0.48
22
0.04
0.08
-0.05
0.63
0.33
-0.27
-0.12
23
2.51
3.10
3.96
2.80
2.44
3.04
3.45
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Table 2.3.3. Real Personal Consumption Expenditures by Major
Type of Product, Quantity Indexes
Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major
Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Personal consumption
expenditures....................
Durable goods.............................
Motor vehicles and parts..........
Furniture and household
equipment...............................
O th er...........................................
Nondurable goods.......................
Food............................................
Clothing and shoes....................
Gasoline, fuel oil, and other
energy goods.........................
Gasoline and oil.....................
Fuel oil and coal....................
O ther...........................................
Services.........................................
Housing......................................
Household operation................
Electricity and g a s................
Other household operation...
Transportation............................
Medical care...............................
Recreation..................................
O ther...........................................
Addenda:
Energy goods and services1....
Personal consumption
expenditures excluding food
and energy............................
Seasonally adjusted
2005
IV
I
II
Line
112.601 113.030 114.236 115.217 116.176 117.390
126.245 127.463 129.166 129.999 132.499 135.838
118.232 119.366 120.198 117.729 119.865 124.147
4
5
6
7
8
141.536 143.552 145.992
119.432 119.580 122.152
113.000 113.337 114.857
111.230 111.424 113.215
119.252 119.203 121.915
149.952
126.001
116.351
114.667
123.575
152.091 156.909
129.870 128.662
117.392 118.440
115.889 117.771
125.764 126.709
9
10
11
12
13
14
15
16
17
18
19
20
21
103.756 105.175
104.279 105.851
98.114
97.874
110.649 115.726
106.493 109.725
104.169 107.149
102.061 103.966
102.437 104.126
101.810 103.854
96.167
97.313
115.398 120.130
108.506 112.740
103.675 106.418
105.140
105.521
101.024
116.668
110.059
107.500
103.420
101.585
104.610
97.297
120.920
113.158
106.669
106.012
107.097
94.522
117.392
111.027
108.255
105.703
107.921
104.232
97.180
122.265
113.345
107.468
108.446
109.365
98.651
118.452
111.789
108.855
106.210
108.275
104.842
97.727
123.600
114.713
107.777
107.188 105.800
108.467 107.150
93.636
91.482
119.670 120.495
112.440 113.366
109.431 109.951
106.079 106.900
106.881 107.658
105.561 106.411
98.286 98.653
124.883 126.565
114.942 115.174
108.282 109.220
22
103.191
104.726
103.652
106.773
108.360
107.048
106.486
23
109.156
113.323
113.898
114.867
115.722
116.803
118.041
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
2004
III
1 108.416
2 119.134
3 116.341
126.643
112.578
107.938
105.933
112.223
2003
2004
III
Personal consumption
expenditures....................
Durable goods...............................
Motor vehicles and p a rts..........
Furniture and household
equipment...............................
Other............................................
Nondurable goods.......................
Food.............................................
Clothing and shoes....................
Gasoline, fuel oil, and other
energy goods.........................
Gasoline and o il.....................
Fuel oil and c o a l...................
Other............................................
Services..........................................
Housing.......................................
Household operation..................
Electricity and g a s ................
Other household operation...
Transportation............................
Medical ca re ...............................
R ecreation..................................
Other............................................
Addenda:
Energy goods and services1....
Personal consumption
expenditures excluding food
and energy..............................
1 105.520
2 92.372
3 97.639
2005
IV
I
II
III
108.246 108.484 109.326 109.936 110.832 111.815
90.631
90.310 90.449 90.648 90.527 89.838
96.669 96.431
97.470 98.823 98.970 98.208
4 83.354 79.960 79.448 78.932 78.180 77.740 76.414
97.247 98.200
5 97.925 98.033 97.951
97.480 97.231
6 104.151 107.634 107.781 108.982 109.327 110.854 112.978
7 106.987 110.261 110.690 111.365 111.633 112.596 112.971
8 93.028 92.663 92.498
92.362
92.543 92.117 91.162
9
10
11
12
13
14
15
16
17
18
19
20
21
105.532
105.165
109.693
105.161
109.246
110.455
107.691
113.470
104.349
105.958
109.663
109.236
109.087
124.099
123.939
125.767
106.182
112.695
113.232
110.003
117.902
105.424
108.279
113.583
112.037
113.658
123.842
123.575
126.698
106.153
113.120
113.686
110.540
118.981
105.652
108.687
114.010
112.331
114.048
132.036
131.104
142.872
106.724
113.955
114.247
111.062
120.215
105.760
109.244
114.842
113.250
115.358
132.561
131.823
140.987
107.235
114.803
115.070
112.310
122.161
106.591
109.712
115.877
113.847
116.023
144.473 166.670
143.836 166.314
151.564 169.952
107.468 107.947
115.633 116.456
115.799 116.419
113.924 115.728
125.641 129.950
107.100 107.432
111.268 112.713
116.415 117.126
114.514 115.444
116.855 117.436
22
108.906
121.462
121.767
126.998
128.135
136.443
150.957
23
105.082
107.156
107.358
107.980
108.617
109.083
109.415
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
D -2 0
N a tio n a l D a ta
Table 2.3.5. Personal Consumption Expenditures by Major
Type of Product
[Billions of dollars]
D ecem ber 2005
Table 2.3.6. Real Personal Consumption Expenditures by Major
Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Personal consumption
expenditures....................
Durable goods..............................
Motor vehicles and parts..........
Furniture and household
equipment...............................
O th er...........................................
Nondurable goods.......................
Food............................................
Clothing and shoes....................
Gasoline, fuel oil, and other
energy goods.........................
Gasoline and oil.....................
Fuel oil and co a l....................
O th er...........................................
Services..........................................
Housing......................................
Household operation................
Electricity and g a s................
Other household operation...
Transportation.............................
Medical care...............................
Recreation..................................
O ther...........................................
Addenda:
Energy goods and services1....
Personal consumption
expenditures excluding food
and energy.............................
Seasonally adjusted at annual rates
2005
IV
I
II
Line
2003
2004
III
1
2
3
7,709.9
950.1
439.1
8,214.3
987.8
441.8
8,263.2
993.8
444.9
8,416.1
1,008.6
452.8
8,535.8
1,017.3
449.6
8,677.0
1,035.5
458.5
8,845.4
1,053.5
471.2
4
5
6
7
8
330.3
180.7
2,189.0
1,048.5
310.8
354.1
191.9
2,368.3
1,134.7
329.0
356.9
192.0
2,378.4
1,141.0
328.3
360.6
195.2
2,437.1
1,166.4
335.2
366.9
200.8
2,476.6
1,184.2
340.5
370.0
207.0
2,533.7
1,207.1
344.9
375.2
207.1
2,605.3
1,230.8
343.9
9
10
11
12
13
14
15
16
17
18
19
20
21
209.7
192.6
17.0
620.0
4,570.8
1,158.0
428.8
166.6
262.2
296.8
1,299.4
318.0
1,069.8
249.9
230.4
19.5
654.8
4,858.2
1,221.1
446.2
175.9
270.2
306.9
1,401.1
338.8
1,144.1
249.3
229.0
20.3
659.9
4,891.0
1,230.0
445.9
173.2
272.8
308.0
1,415.4
341.0
1,150.7
267.9
246.5
21.4
667.6
4,970.4
1,244.7
457.9
185.9
272.1
309.2
1,441.6
344.3
1,172.6
275.2
253.1
22.0
676.8
5,041.8
1,260.6
465.3
189.5
275.8
312.3
1,470.5
350.3
1,182.8
296.4
273.9
22.5
685.3
5,107.8
1,275.3
471.4
192.4
279.0
318.5
1,492.6
353.1
1,196.8
337.5
312.9
24.6
693.1
5,186.5
1,288.2
482.6
200.4
282.1
323.9
1,522.0
356.7
1,213.2
22
376.2
425.9
422.4
453.8
464.7
488.8
538.0
23
6,285.1
6,653.8
6,699.8
6,796.0
6,886.9
6,981.1
7,076.6
Personal consumption
expenditures...................
Durable goods...............................
Motor vehicles and p a rts ..........
Furniture and household
equipment...............................
Other............................................
Nondurable goods.......................
Food.............................................
Clothing and shoes....................
Gasoline, fuel oil, and other
energy goods.........................
Gasoline and o il.....................
Fuel oil and c o a l....................
Other............................................
Services..........................................
Housing.......................................
Household operation.................
Electricity and g a s ................
Other household operation...
Transportation............................
Medical ca re ...............................
Recreation..................................
Other............................................
Residual...........................................
Addenda:
Energy goods and services1....
Personal consumption
expenditures excluding food
and energy..............................
2004
2005
III
IV
I
II
III
1
2
3
7,306.6
1,028.5
449.7
7,588.6
1,089.9
457.0
7,617.5
1,100.4
461.4
7,698.8
1,115.1
464.6
7,764.9
1,122.3
455.0
7,829.5
1,143.9
463.3
7,911.4
1,172.7
479.9
4
5
6
7
8
396.3
184.5
2,101.8
980.1
334.1
442.9
195.8
2,200.4
1,029.1
355.0
449.2
196.0
2,206.9
1,030.9
354.9
456.8
200.2
2,236.5
1,047.4
363.0
469.2
206.5
2,265.6
1,060.9
367.9
475.9
212.9
2,285.9
1,072.2
374.4
491.0
210.9
2,306.3
1,089.6
377.2
9
10
11
12
13
14
15
16
17
18
19
20
21
22
198.7
183.2
15.5
589.6
4,183.9
1,048.4
398.2
146.8
251.3
280.1
1,184.9
291.1
980.7
-9.7
201.4
185.9
15.5
616.7
4,310.9
1,078.4
405.6
149.2
256.3
283.4
1,233.5
302.4
1,006.7
-19.2
201.3
185.4
16.0
621.7
4,324.0
1,081.9
403.5
145.6
258.2
283.4
1,241.6
303.6
1,009.0
-21.3
203.0
188.1
15.0
625.5
4,362.1
1,089.5
412.4
154.7
257.3
283.0
1,255.4
304.1
1,016.6
-22.4
207.7
192.1
15.6
631.2
4,392.0
1,095.6
414.3
155.2
258.8
284.6
1,269.1
307.7
1,019.5
-24.0
205.2
190.5
14.8
637.7
4,417.6
1,101.4
413.8
153.2
260.5
286.3
1,282.3
308.3
1,024.3
-28.5
202.6
188.2
14.5
642.1
4,454.0
1,106.6
417.0
154.3
262.6
287.3
1,299.6
309.0
1,033.2
-34.6
23
345.5
350.6
347.0
357.5
362.8
358.4
356.5
24
5,981.1
6,209.5
6,241.0
6,294.1
6,340.9
6,400.1
6,468.0
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 differ
ence between the first line and the sum of the most detailed lines.
D ecem ber 2005
D -2 1
S u r v e y o f C u r r e n t B u sin ess
3. Government Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
IV
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
3,018.1
2,031.8
999.9
801.4
221.9
8.5
776.6
97.6
95.4
2.1
110.9
48.9
62.1
1.3
3,424.7
1,736.7
1,340.0
1,316.4
1,313.5
2.8
23.6
301.4
227.9
73.5
46.7
0.0
-406.5
42.0
-448.6
3,208.2
2,169.9
1,049.1
852.8
258.9
9.2
822.2
99.0
96.6
2.4
120.1
51.5
68.6
-3.0
3,620.6
1,843.4
1,423.4
1,397.5
1,394.5
3.0
25.9
310.3
220.6
89.7
43.5
0.0
-412.3
54.0
-466.3
3,208.0
2,168.6
1,058.4
855.5
246.9
7.9
825.9
99.2
96.9
2.3
117.2
47.8
69.4
-3.0
3,638.9
1,859.6
1,422.2
1,400.1
1,397.1
2.9
22.2
313.8
220.7
93.1
43.2
0.0
-430.9
56.2
-487.1
3,321.6
2,256.5
1,094.3
870.9
280.1
11.2
843.5
101.0
97.9
3.1
125.7
54.7
71.0
-5.2
3,689.2
1,878.2
1,448.0
1,422.6
1,419.5
3.2
25.3
316.5
219.3
97.2
46.5
0.0
-367.7
63.1
-430.8
3,497.2
2,413.0
1,171.4
883.8
348.1
9.7
861.0
101.2
98.8
2.4
128.2
55.7
72.5
-6.1
3,788.1
1,918.6
1,501.2
1,462.9
1,459.7
3.2
38.3
317.8
213.7
104.1
50.6
0.0
-290.9
61.0
-352.0
3,564.3
2,473.2
1,206.0
900.1
358.5
8.5
864.9
103.1
100.7
2.5
130.1
56.1
73.9
-7.0
3,840.3
1,938.5
1,507.1
1,483.6
1,480.4
3.2
23.5
342.6
231.2
111.5
52.1
0.0
-276.1
53.0
-329.1
3,493.6
2,484.6
1,216.8
909.9
349.4
8.5
872.5
102.2
99.7
2.5
57.1
-18.3
75.4
-22.7
3,899.6
1,988.0
1,512.1
1,484.1
1,480.8
3.2
28.0
343.5
223.2
120.3
56.1
0.0
-406.0
53.2
-159.2
30
31
32
33
34
35
36
37
38
39
3,046.1
3,018.1
28.0
3,589.4
3,424.7
355.3
16.9
11.1
218.5
-543.3
3,238.4
3,208.2
30.2
3,792.0
3,620.6
372.5
16.3
11.8
229.1
-553.6
3,240.3
3,208.0
32.3
3,811.2
3,638.9
372.9
16.4
13.6
230.6
-570.8
3,351.0
3,321.6
29.4
3,864.0
3,689.2
381.7
16.6
11.0
234.5
-513.0
3,527.6
3,497.2
30.4
3,978.7
3,788.1
383.4
32.2
12.5
237.5
-451.0
3,594.2
3,564.3
29.9
4,026.9
3,840.3
399.1
16.0
11.8
240.4
-432.7
3,524.1
3,493.6
30.5
4,070.8
3,899.6
404.3
15.9
11.0
259.9
-546.7
III
Current receipts.......................................................................
Current tax receipts............................................................................
Personal current taxes.
Taxes on production and im ports................................................
Taxes on corporate incom e..........................................................
Taxes from the rest of the w o rld ..................................................
Contributions for government social insurance...............................
Income receipts on assets.................................................................
Interest and miscellaneous receipts............................................
Dividends.........................................................................................
Current transfer receipts..
From business (net)....
From persons..............
Current surplus of government enterprises....................................
Current expenditures
Consumption expenditures...............................................................
Current transfer payments................................................................
Government social benefits..........................................................
To persons..................................................................................
To the rest of the w orld.............................................................
Other current transfer payments to the rest of the world (net)..
Interest payments...............................................................................
To persons and business..............................................................
To the rest of the world
Subsidies..........................
Less: Wage accruals less disbursements......................................
Net governm ent saving
Social insurance funds....
O th er...................................................................................................
Addenda:
Total re c e ip ts ................................................................................
Current receipts........................................................................
Capital transfer receipts...........................................................
Total expenditures.................
Current expenditures...........
Gross government investment................................................
Capital transfer payments...
Net purchases of nonproduced assets..................................
Less: Consumption of fixed capital........................................
Net lending or net borrow ing ( - ) .............................................
2005
II
III
D -2 2
N a tio n a l D a ta
Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars]
D ecem ber 2005
Table 3.3. State and Local Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Current receipts........................
Current tax receipts............................
Personal current taxes....................
Taxes on production and imports...
Excise taxes................................
Customs duties...........................
Taxes on corporate incom e...........
Federal Reserve banks.............
O th e r............................................
Taxes from the rest of the w o rld ....
Contributions for government social
insurance..........................................
Income receipts on assets..................
Interest receipts...............................
Rents and royalties.........................
Current transfer receipts.....................
From business.................................
From persons..................................
Current surplus of government
enterprises......................................
Current expenditures..............
Consumption expenditures................
Current transfer payments..................
Government social benefits...........
To persons...................................
To the rest of the world..............
Other current transfer payments....
Grants-in-aid to state and local
governments...........................
To the rest of the world (net).....
Interest payments................................
To persons and business...............
To the rest of the w orld...................
Subsidies..............................................
Less: Wage accruals less
disbursements.................................
Seasonally adjusted at annual rates
2005
IV
Line
I
II
III
2,162.9
1,341.2
941.9
97.5
72.3
25.2
293.3
24.1
269.2
8.5
1
2
3
4
5
6
7
8
9
10
1,868.6
1,059.2
774.3
89.7
68.3
21.4
186.7
22.0
164.7
8.5
1,974.8
1,122.4
801.8
94.0
70.7
23.3
217.4
18.1
199.3
9.2
1,975.4
1,119.4
810.0
94.0
70.7
23.4
207.5
18.0
189.5
7.9
11
12
13
14
15
16
17
759.1
22.7
16.2
6.5
25.7
14.7
11.0
802.5
21.9
15.3
6.6
28.6
16.0
12.5
806.0
21.8
15.5
6.3
28.7
15.9
12.7
823.4
22.2
15.6
6.6
30.0
17.0
12.9
841.1
23.0
15.9
7.1
30.4
17.3
13.1
845.1
24.3
16.4
7.9
30.2
17.1
13.1
18
19
20
21
22
23
24
25
1.9
2,251.4
661.9
1,327.7
965.0
962.2
2.8
362.7
-0.5
2,381.3
725.7
1,391.2
1,017.1
1,014.0
3.0
374.1
-0.4
2,387.0
735.7
1,384.0
1,019.9
1,017.0
2.9
364.1
-2.3
2,426.2
735.1
1,419.0
1,034.9
1,031.7
3.2
384.1
-2.9
2,494.9
759.6
1,458.7
1,064.2
1,061.0
3.2
394.5
-3.6
2,525.2
762.8
1,459.9
1,077.9
1,074.6
3.2
382.1
26
27
28
29
30
31
339.1
23.6
215.2
141.7
73.5
46.5
348.3
25.9
221.5
131.7
89.7
43.0
341.9
22.2
224.5
131.4
93.1
42.8
358.7
25.3
226.1
128.9
97.2
46.1
356.1
38.3
226.6
122.5
104.1
50.1
358.6
23.5
250.8
139.4
111.5
51.6
2,054.6
1,181.3
839.7
95.1
70.7
24.4
235.3
19.9
215.4
11.2
2,196.6
1,305.1
908.3
95.4
70.4
25.0
291.7
20.6
271.1
9.7
2,227.9
1,331.8
924.3
98.3
72.8
25.5
300.8
23.4
277.4
8.5
Current receipts.........................
Current tax receipts..............................
Personal current taxes.....................
Income taxes................................
Other..............................................
Taxes on production and imports....
Sales taxes...................................
Property ta xe s.............................
Other..............................................
Taxes on corporate income.............
Contributions for government social
insurance...........................................
852.5
22.8
Income receipts on assets...................
15.7
Interest receipts................................
7.1
Dividends...........................................
-49.4
Rents and royalties..........................
-62.6
Current transfer receipts......................
13.2
Federal grants-in-aid........................
From business (net)
.........................
-4.2
From persons....................................
Current surplus of government
2,566.1
enterprises.........................................
784.0
1,475.6
Current expenditures...............
1,093.6
Consumption expenditures..................
1,090.3
Government social benefit payments
3.2
to persons..........................................
382.1
Interest paym ents.................................
Subsidies..
354.1
Less: Wage accruals less
28.0
disbursements..................................
250.8
130.5
government saving...............
120.3
Social insurance funds.........................
55.6
Other.......................................................
Addenda:
0.0
Total receipts...................................
Current receipts............................
-403.2
Capital transfer receipts..............
53.0
Total expenditures.........................
-456.2
Current expenditures...................
Gross government investment....
2,188.0
2,162.9
Net purchases of nonproduced
25.1
assets.......................................
2,638.9
Less: Consumption of fixed
2,566.1
capital.......................................
Net lending or net borrowing (-)
109.5
64.1
3?
0.0
0.0
0.0
0.0
0.0
0.0
saving....,................................
Social insurance fu n d s.......................
O th er.....................................................
33
34
35
-382.7
40.8
-423.5
-406.5
52.1
-458.6
-411.6
54.3
-465.9
-371.6
61.5
-433.2
-298.3
60.2
-358.5
-297.3
52.6
-349.9
Total receipts.................................
Current receipts..........................
Capital transfer receipts.............
Total expenditures........................
Current expenditures..................
Gross government investment...
Capital transfer payments..........
Net purchases of nonproduced
assets......................................
Less: Consumption of fixed
capital......................................
Net lending or net borrowing (-)
3b
3/
38
39
40
41
42
1,890.6
1,868.6
22.0
2,316.2
2,251.4
92.9
62.4
1,999.5
1,974.8
24.6
2,452.1
2,381.3
101.9
62.6
2,002.2
1,975.4
26.8
2,463.0
2,387.0
100.8
67.6
2,078.5
2,054.6
23.9
2,496.8
2,426.2
105.7
61.8
2,221.5
2,196.6
24.9
2,578.9
2,494.9
100.7
80.0
2,252.3
2,227.9
24.4
2,601.0
2,525.2
107.0
67.1
43
-0.2
0.0
1.8
-1.0
0.3
-0.6
-1.6
93.8
-452.6
94.2
-460.7
96.9
-357.4
97.7
-348.7
99.1
-450.9
44
45
90.3
-425.6
95.9
-418.2
2003
2004
2004
2005
III
IV
I
II
III
1,574.5
1,049.3
248.4
224.9
23.5
761.5
370.1
325.3
66.1
39.4
1,625.7
1,075.2
254.6
230.9
23.7
775.8
378.6
329.7
67.5
44.8
1,656.7
1,107.9
263.1
238.9
24.2
788.4
385.1
334.3
69.0
56.4
1,694.9
1,141.4
281.8
257.0
24.8
801.8
391.5
339.0
71.4
57.7
1,684.8
1,143.4
274.9
249.6
25.4
812.4
395.6
343.7
73.1
56.0
1
2
3
4
5
6
7
8
9
10
1,488.6
972.6
225.6
203.7
21.9
711.7
347.9
303.4
60.4
35.3
1,581.7
1,047.6
247.2
224.0
23.2
758.8
370.4
322.8
65.5
41.5
11
12
13
14
15
16
17
18
19
17.5
74.9
65.4
2.1
7.3
424.3
339.1
34.1
51.1
19.7
77.1
67.0
2.4
7.7
439.8
348.3
35.5
56.0
19.9
77.4
67.3
2.3
7.8
430.5
341.9
31.9
56.7
20.1
78.8
67.8
3.1
7.9
454.5
358.7
37.7
58.0
19.9
78.2
67.7
2.4
8.1
453.9
356.1
38.4
59.4
19.8
78.8
68.1
2.5
8.2
458.4
358.6
39.0
60.8
19.9
79.4
68.5
2.5
8.4
460.6
354.1
44.3
62.3
2U
21
22
-0.6
1,512.4
1,074.8
-2.5
1,587.5
1,117.7
-2.6
1,593.8
1,123.9
-2.9
1,621.7
1,143.1
-3.2
1,649.4
1,159.0
-3.5
1,673.7
1,175.7
-18.5
1,687.6
1,204.0
23
24
25
351.3
86.2
0.1
380.5
88.9
0.5
380.2
89.3
0.5
387.7
90.4
0.5
398.6
91.2
0.5
405.7
91.8
0.5
390.5
92.6
0,5
26
0.0
0.0
0.0
0.0
0.0
0.0
0.0
71
-23.8
1.3
-25.1
-5.9
1.8
-7.7
-19.3
1.9
-21.2
4.0
1.6
2.3
7.4
0.8
6.5
21.3
0.4
20.8
-2.8
0.2
-3.0
1,540.0
1,488.6
51.5
1,657.7
1,512.4
262.3
1,633.6
1,581.7
51.9
1,734.6
1,587.5
270.6
1,631.2
1,574.5
56.7
1,741.3
1,593.8
272.1
1,676.4
1,625.7
50.7
1,771.2
1,621.7
276.1
1,710.0
1,656.7
53.3
1,803.6
1,649.4
282.7
1,751.5
1,694.9
56.6
1,835.5
1,673.7
292.0
1,738.4
1,684.8
53.6
1,834.2
1,687.6
294.8
?9
30
31
32
33
34
35
3fi
37
11.3
11.7
11.8
12.0
12.2
12.4
12.6
38
39
128.3
-117.7
135.3
-101.0
136.4
-110.1
138.6
-94.8
140.6
-93.6
142.6
-84.0
160.8
-95.8
D ecem ber 2005
S u r v e y o f C u r r e n t B usin ess
Table 3.9.1. Percent Change From Preceding Period in Real Government
Consumption Expenditures and Gross Investment
[Percent]
D -2 3
Table 3.9.2. Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Government consumption
expenditures and gross
investm ent.......................
Consumption
expenditures1...............
Gross investment2............
Structures......................
Equipment and software
Federal............................................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and SoftwareNational defense......................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
Nondefense...............................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
State and local..............................
Consumption expenditures......
Gross investment.......................
Structures...............................
Equipment and softw are..
Line
2003
2004
2005
I
IV
II
2004
III
III
1
2.8
2.2
1.8
0.9
1.9
2.5
3.2
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
3.0
2.0
0.7
4.4
6.9
7.1
5.4
4.5
5.6
8.8
8.9
8.2
11.6
7.9
3.4
3.8
0.6
1.3
0.3
0.6
0.6
0.8
0.4
2.7
2.1
2.3
-1.4
9.0
5.2
4.8
8.0
-10.1
11.6
7.0
6.4
11.8
-6.0
13.5
1.8
1.9
1.0
-12.1
7.0
0.4
0.4
0.3
-0.8
5.0
3.1
-4.4
-2.6
-7.3
3.6
5.8
-11.1
7.2
-13.8
9.0
9.9
2.8
41.9
0.3
-6.4
-1.8
-33.5
-7.4
-41.5
0.8
1.4
-1.8
-3.2
4.6
-0.1
6.0
1.0
14.8
-0.6
-2.8
17.0
-3.8
20.9
-3.3
-6.0
18.5
-1.0
20.2
5.2
4.0
13.9
-5.3
22.7
1.8
1.7
2.1
1.4
5.4
2.8
-2.5
2.4
-10,2
2.4
5.9
-19.6
-17.2
-20.0
3.0
8.5
-29.0
-13.7
-30.1
1.1
0.8
3.3
-19.1
13.4
1.6
0.8
4.7
3.8
8.5
0.2
14.6
8.3
26.1
2.4
-0.7
28.2
-19.5
37.8
3.7
1.0
26.2
-1.9
28.8
-0.2
-4.1
32.0
-28.0
61.9
2.6
0.8
10.1
10.3
9.3
4.2
-1.7
-6.7
7.3
8.1
8.0
8.8
14.5
8.0
10.3
9.2
18.7
-8.3
21.1
3.6
5.4
-8.3
29.8
-18.3
0.4
1.8
-5.3
-7.9
6.1
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Percent change at annual rate;
Government consumption
expenditures and gross
investment........................
Percentage points at annual
rates:
Consumption
expenditures1 ...............
Gross investment2............
Structures......................
Equipment and software
Federal............................................
Consumption expenditures...
Gross investment..................
Structures..........................
Equipment and software...
National defense......................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
Nondefense...............................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
State and lo c a l..............................
Consumption expenditures.......
Gross investment.......................
Structures...............................
Equipment and software......
2005
IV
I
II
111
1
2.8
2.2
1.8
0.9
1.9
2.5
3.2
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2.47
0.35
0.07
0.27
2.39
2.15
0.24
0.03
0.21
1.98
1.75
0.23
0.03
0.20
0.41
0.40
0.01
0.01
0.00
0.42
0.31
0.11
0.04
0.07
1.76
0.39
-0.15
0.54
1.89
1.54
0.35
-0.07
0.43
1.67
1.33
0.34
-0.01
0.35
0.22
0.20
0.01
-0.06
0.07
0.27
0.23
0.04
-0.08
0.12
2.59
-0.75
-0.28
-0.47
1.33
1.87
-0.54
0.05
-0.58
2.15
2.07
0.09
0.08
0.01
-0.82
-0.20
-0.62
-0.03
-0.59
0.51
0.72
-0.22
-0.33
0.11
-0.08
0.98
0.11
0.87
-0.21
-0.94
0.72
-0.03
0.75
-0.84
-1.37
0.53
0.00
0.53
0.62
0.43
0.19
-0.02
0.22
1.11
0.85
0.26
0.13
0.13
2.29
-0.42
0.25
-0.67
0.89
1.88
-0.99
-0.12
-0.87
0.75
1.79
-1.04
-0.03
-1.00
0.14
0.09
0.05
-0.09
0.14
0.98
0.41
0.57
0.37
0.20
0.17
2.33
0.86
1.47
0.88
-0.24
1.12
-0.13
1.25
0.91
0.22
0.69
0.00
0.70
-0.03
-0.46
0.43
-0.13
0.55
1.62
0.41
1.21
0.99
0.22
3.46
-0.28
-0.74
0.46
2.94
2.55
0.40
0.08
0.31
2.51
1.98
0.53
-0.02
0.55
0.44
0.57
-0.13
0.10
-0.23
0.23
0.91
-0.68
-0.82
0.14
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Table 3.9.3. Real Government Consumption Expenditures and
Gross Investment, Quantity Indexes
Table 3.9.4. Price Indexes for Government Consumption Expenditures and
Gross Investment
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Government consumption
expenditures and gross
investment.......................
Consumption
expenditures1...............
Gross investment2............
Structures......................
Equipment and software
Federal............................................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
National defense......................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
Nondefense...............................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
State and local..............................
Consumption expenditures......
Gross investment.......................
Structures...............................
Equipment and software......
1 111.009
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
110.709
112.385
110.076
116.570
118.839
118.847
118.763
106.018
121.415
121.447
120.847
125.612
93.663
129.394
114.159
115.181
107.986
113.394
105.750
107.042
106.255
110.275
110.385
109.939
Seasonally adjusted
2005
IV
Line
I
II
III
113.398
113.753 114.008
114.537
115.248
116.151
113.057
114.980
108.509
127.076
125.038
124.591
128.243
95.356
135.523
129.970
128.541
140.426
88.049
146.829
116.166
117.336
109.028
99.684
113.202
107.487
106.724
110.618
109.509
115.436
113.558
114.598
108.457
126.046
125.881
125.766
126.644
96.188
133.351
131.709
130.593
139.732
89.768
145.812
115.399
116.903
105.976
99.971
108.637
107.592
106.851
110.627
109.389
116.011
114.309
115.548
109.382
127.017
126.446
126.665
124.704
90.867
132.225
131.595
131.219
133.838
86.307
139.616
117.188
118.308
110.360
93.533
117.985
108.489
107.519
112.504
110.794
119.965
114.367
119.565
111.596
134.604
127.188
126.436
132.686
86.083
143.270
132.791
131.542
141.860
85.896
148.740
117.120
117.072
118.291
86.145
133.097
109.183
107.736
115.248
113.546
122.667
115.549
119.054
109.671
136.986
129.684
128.887
135.517
89.040
146.049
136.101
134.483
148.075
84.064
156.029
118.156
118.629
115.744
91.958
126.555
109.281
108.221
113.686
111.247
124.491
113.530
116.280
108.735
130.465
125.704
124.873
131.712
95.256
139.827
130.621
128.582
145.788
89.537
152.683
116.865
118.067
109.476
98.614
114.345
108.069
107.302
111.213
109.760
117.538
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2003
2004
2004
III
Government consumption
expenditures and gross
investment........................
Consumption
expenditures1...............
Gross investment2............
Structures......................
Equipment and software
Federal............................................
Consumption expenditures..
Gross investment...................
Structures..........................
Equipment and software...
National defense......................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
Nondefense...............................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
State and local.............................
Consumption expenditures.......
Gross investment.......................
Structures...............................
Equipment and software......
1 109.460
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
110.696
103.807
108.891
95.569
109.740
111.536
98.468
109.083
96.531
110.434
112.365
98.019
110.097
96.906
108.473
110.014
99.181
108.580
95.630
109.303
110.213
105.704
108.875
94.212
2005
IV
I
II
III
113.505
114.003
115.148 116.747 117.820
119.638
115.061
106.391
112.948
95.967
114.354
116.647
100.000
114.211
97.495
114.840
117.172
99.922
115.448
98.548
113.498
115.720
99.993
113.597
94.917
113.022
114.116
108.699
112.858
93.742
115.565
106.860
113.726
95.990
114.825
117.167
100.168
115.160
97.551
115.429
117.824
100.129
116.507
98.697
113.734
115.981
100.088
114.485
94.753
113.536
114.611
109.289
113.625
93.714
116.751
107.821
115.046
96.439
115.575
117.907
100.989
116.953
98.230
116.198
118.561
101.087
117.706
99.636
114.447
116.725
100.619
116.600
94.752
114.914
116.081
110.305
114.914
93.801
119.614
109.625
118.102
96.481
118.168
120.830
101.538
120.466
98.384
118.471
121.144
101.436
120.164
99.842
117.681
120.334
101.549
120.705
94.768
117.635
118.909
112.609
117.942
93.671
121.412
111.526
121.470
96.384
119.044
121.829
101.671
122.683
98.263
119.481
122.299
101.563
123.070
99.792
118.286
121.017
101.698
122.531
94.485
120.013
121.223
115.234
121.378
93.611
118.448
108.969
116.790
96.741
117.550
120.102
101.597
118.694
98.679
118.060
120.631
101.667
118.939
100.170
116.647
119.173
101.279
118.618
94.987
116.291
117.462
111.668
116.658
93.876
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
D -2 4
N a tio n a l D a ta
Table 3.9.5. Government Consumption Expenditures and
Gross Investment
[Billions of dollars]
D ecem ber 2005
Table 3.9.6. Real Government Consumption Expenditures and Gross
Investment, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Government consumption
expenditures and gross
investm ent.......................
Consumption
expenditures1................
Gross investment2............
Structures......................
Equipment and software
Federal............................................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
National defense......................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
Nondefense...............................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
State and local..............................
Consumption expenditures.......
Gross investment.......................
Structures...............................
Equipment and software
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2,091.9
1,736.7
355.3
226.9
128.3
754.8
661.9
92.9
15.4
77.6
496.7
436.6
60.1
5.1
55.0
258.2
225.3
32.8
10.3
22.6
1,337.1
1,074.8
262.3
211.6
50.8
2,215.9
1,843.4
372.5
232.0
140.5
827.6
725.7
101.9
14.5
87.4
552.7
484.2
68.5
5.1
63.4
274.9
241.4
33.4
9.4
24.0
1,388.3
1,117.7
270.6
217.6
53.0
Seasonally adjusted at annual rates
Line
2005
IV
I
II
2,232.5
2,260.0
2,302.0
2,337.6
2,392.2
1,859.6
372.9
233.5
139.4
836.5
735.7
100.8
14.7
86.1
562.9
494.6
68.3
5.2
63.1
273.6
241.1
32.5
9.5
23.0
1,395.9
1,123.9
272.1
218.8
53.3
1,878.2
381.7
236.8
144.9
840.8
735.1
105.7
14.8
90.9
562.0
490.1
71.9
5.2
66.7
278.8
245.1
33.8
9.6
24.2
1,419.1
1,143.1
276.1
222.0
54.0
1,918.6
383.4
241.8
141.5
860.2
759.6
100.7
14.3
86.3
575.3
508.9
66.4
5.1
61.3
285.0
250.7
34.3
9.2
25.0
1,441.7
1,159.0
282.7
227.5
55.2
1,938.5
399.1
249.5
149.6
869.8
762.8
107.0
13.8
93.3
582.5
512.3
70.2
5.1
65.1
287.3
250.5
36.8
8.7
28.2
1,467.7
1,175.7
292.0
235.7
56.3
1,988.0
404.3
252.2
152.1
893.5
784.0
109.5
14.5
95.0
602.1
528.7
73.4
5.1
68.3
291.4
255.3
36.1
9.4
26.7
1,498.8
1,204.0
294.8
237.7
57.1
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2003
2004
III
Government consumption
expenditures and gross
investment........................
Consumption
expenditures1...............
Gross investment2............
Structures......................
Equipment and software
Federal............................................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
National defense......................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
Nondefense...............................
Consumption expenditures...
Gross investment...................
Structures..........................
Equipment and software...
State and local..............................
Consumption expenditures.......
Gross investment.......................
Structures...............................
Equipment and software......
Residual...........................................
2004
2005
III
IV
I
II
III
1
1,911.1
1,952.3
1,958.4
1,962.8
1,971.9
1,984.1
1,999.7
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
1,568.8
342.2
208.4
134.3
687.8
593.4
94.4
14.1
80.3
449.7
388.5
61.3
4.7
56.7
238.0
204.8
33.1
9.4
23.6
1,223.3
975.2
248.2
194.3
53.9
0.0
1,602.1
350.1
205.4
146.4
723.7
622.1
101.9
12.7
89.7
481.3
413.3
68.5
4.4
64.4
242.2
208.6
33.4
8.3
25.3
1,228.4
979.5
248.9
192.8
56.6
-0.9
1,609.2
349.0
205.3
145.2
728.6
628.0
100.6
12.8
88.2
487.7
419.8
68.2
4.5
63.9
240.6
207.9
32.5
8.3
24.3
1,229.6
980.7
249.0
192.6
56.9
-0.5
1,608.8
354.1
205.9
150.3
727.6
623.5
104.7
12.7
92.5
483.7
413.4
71.2
4.4
66.9
243.6
209.9
33.6
8.2
25.5
1,235.0
984.8
250.3
193.2
57.6
-1.1
1,619.9
351.9
207.1
146.3
731.8
632.5
99.1
12.1
87.5
487.3
421.9
65.3
4.3
61.2
244.3
210.4
33.8
7.8
26.3
1,239.8
986.8
253.2
195.0
58.8
-0.6
1,620.7
364.1
211.3
155.0
736.1
631.3
105.4
11.4
94.8
491.7
422.9
69.2
4.3
65.2
244.2
208.2
36.3
7.2
29.7
1,247.8
988.8
259.4
199.9
60.1
-2.2
1,637.4
362.5
207.6
157.8
750.6
643.6
107.7
11.8
96.6
504.0
432.4
72.3
4.2
68.4
246.3
210.9
35.5
7.7
28.3
1,248.9
993.2
255.8
195.8
61.0
-2.2
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 differ
ence between the first line and the sum of the most detailed lines.
D -2 5
S u r v e y o f C u r r e n t B u sin ess
D ecem ber 2005
Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and
General Government Gross Output
[Percent]
Seasonally adjusted at annual rates
Line
2003
2004
III
Government consumption expenditures1...................................................................................
Gross output of general government............................................................................................
Value added.................................................................................................................................
Compensation of general government employees............................................................
Consumption of general government fixed capital2...........................................................
Intermediate goods and services purchased3........................................................................
Durable g oods........................................................................................................................
Nondurable g oods.........
Services...................................................................................................................................
Less; Own-account investment4....................................................................................................
Sales to other sectors....
Federal consumption expenditures1..
Gross output of general government................................................................................................
Value added......................................................................................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3 ,
Durable goods..............................................................................................................................
Nondurable goods..............
Services..............................
Less: Own-account investment4
Sales to other sectors....
Defense consumption expenditures1...............................................................................................
Gross output of general government................................................................................................
Value added............................
Compensation of general government employees.................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods..............
Services..............................
Less: Own-account investment4
Sales to other sectors...,
Nondefense consumption expenditures1
Gross output of general government................................................................................................
...................................................................
Value added............................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3..........
Durable goods...........................................................
Nondurable goods....................................................
Commodity Credit Corporation inventory change..............................................................
Other nondurable goods.....................................
Services....................................................................
Less: Own-account investment4....................................
Sales toother sectors............................................................................................................
State and local consumption expenditures1............................................................................................
Gross output of general government.............................
Value added..................................................................
Compensation of general government employees.................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3.............................................................................
Durable goods
Nondurable goods.......................................................................................................................
S ervices......................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
Tuition and related educational charges..........................................................................
Health and hospital charges.............................................................................................
Other sales.........................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2005
2004
IV
3.0
2.8
1.4
1.3
2.1
5.3
3.9
1.3
6.7
-2.9
2.5
7.1
7.0
2.6
3.1
1.0
13.4
7.5
8.2
14.8
-5.1
9.3
8.9
8.9
2.8
3.6
0.7
17.3
8.2
8.5
19.8
-3.1
7.5
3.8
3.8
2.3
2.5
1.7
6.0
-0.5
2.1
2.4
0.8
0.6
2.4
4.9
7.5
2.9
5.3
-0.5
4.0
4.8
4.8
0.9
0.7
1.7
9.9
12.2
11.3
9.5
-3.7
6.0
6.4
6.3
1.8
1.8
1.8
11.9
11.9
14.9
11.6
-7.6
-1.4
1.9
2.0
-0.6
-1.0
1.3
5.9
15.1
3.1
3.6
1.4
1.2
2.6
7.4
1.9
1.0
10.1
-1.0
7.0
5.8
7.1
1.6
1.5
2.0
14.3
1.9
-5.9
18.3
11.2
310.3
9.9
10.7
3.3
3.6
2.2
20.0
1.7
24.8
22.6
3.5
336.5
-1.8
0.2
-1.4
-2.0
1.6
2.6
3.6
-0.1
0.3
1.9
1.8
2.6
-2.3
5.1
2.7
-4.5
-1.4
2.7
-2.8
-3.4
2.5
2.6
2.1
-10.2
7.3
5.0
-13.6
-11.5
-4 1 A
-6.0
-7.1
2.1
2.1
2.2
-16.7
6.2
-30.9
-18.6
3.6
-90.5
4.0
4.4
3.1
3.4
1.9
6.2
21.0
9.9
5.9
-6.9
10.8
0.6
0.9
0.9
0.7
3.0
0.9
-0.3
0.1
1.3
-2.3
2.3
1.1
3.4
1.4
13.9
5.4
-0.2
12.0
0.4
1.2
0.8
0.5
3.0
1.8
1.6
1.5
2.0
0.3
3.9
-0.2
6.2
3.1
-3.3
9.5
18.2
289.1
1.4
1.9
1.3
1.0
3.0
3.1
2.0
2.3
3.7
-3.9
4.1
-1.6
6.5
4.1
11.6
-1.8
-22.8
51.4
1.7
2.2
1.7
1.5
3.0
3.2
2.1
2.3
3.7
1.3
4.2
-0.8
7.0
3.0
I
II
2.8
3.5
0.7
0.3
2.9
8.1
-8.5
12.1
8.4
8.4
7.6
5.9
7.3
0.5
0.0
2.2
16.3
-15.5
82.1
14.3
19.5
268.8
8.5
9.5
0.6
0.1
2.3
20.6
-17.0
72.9
23.9
-6.2
646.3
0.8
3.1
0.2
-0.1
1.8
7.3
3.9
0.2
0.5
0.2
-0.1
2.5
0.8
12.8
-6.4
2.4
11.4
1.2
-0.7
-1.7
-1.1
-2.1
2.3
-2.4
20.7
-41.6
1.5
4.2
-63.2
1.0
0.9
-1.0
-2.2
2.6
3.2
20.8
8.0
0.4
2.0
-8.5
-4.1
-6.8
-1.3
-1.9
1.5
-13.9
19.8
III
4.2
4.4
1.2
1.0
2.1
9.6
10.0
5.3
11.1
1.8
6.1
8.0
8.9
-0.5
-1.2
1.8
21.2
16.0
24.2
21.5
8.1
157.8
9.2
9.5
0.4
-0.2
2.0
20.3
16.3
-14.8
25.0
3.4
52.9
5.4
7.9
-2.1
-2.8
1.2
23.4
12.8
27.2
-4.0
46.7
159.8
0.8
1.6
0.8
0.4
3.5
3.2
2.3
2.2
3.8
5.7
4.5
4.3
4.3
4.9
-15.9
3.9
6.0
-80.4
0.8
1.6
0.8
0.6
2.6
2.9
2.7
2.4
3.2
13.4
3.8
3.9
3.9
3.6
-12.4
14.0
11.9
280.6
1.8
2.2
1.9
1.9
2.4
2.7
2.0
2.1
3.1
0.2
3.8
3.9
3.9
3.8
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D -2 6
N a tio n a l D a ta
D ecem ber 2005
Table 3.10.3. Real Government Consumption Expenditures and
General Government Gross Output, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
110.709
110.837
105.299
104.898
107.578
121.147
111.044
115.219
124.222
108.854
111.792
118.847
118.304
105.219
106.013
102.647
140.399
114.536
139.431
144.461
120.497
76.245
120.847
120.939
105.226
107.101
100.435
147.007
113.344
136.313
155.855
165.422
110.206
115.181
113.616
105.203
104.373
108.879
128.246
129.562
113.057
113.445
106.182
105.510
110.131
127.052
119.341
118.582
130.788
108.285
116.245
124.591
123.967
106.207
106.793
104.350
154.347
128.474
155.163
158.224
116.015
80.852
128.541
128.507
107.128
109.047
102.223
164.434
126.861
156.568
173.917
152.925
108.656
117.336
115.869
104.573
103.348
110.336
135.776
149.167
113.558
114.027
106.263
105.549
110.471
128.589
120.614
118.492
132.939
108.932
117.308
125.766
125.392
106.220
106.741
104.596
158.302
130.584
152.194
163.221
119.628
100.799
130.593
130.808
107.363
109.269
102.496
170.383
128.974
161.088
180.798
154.932
152.612
116.903
115.729
104.195
102.871
110.504
136.079
151.183
113.530
114.107
106.774
106.029
111.178
127.849
122.115
119.285
131.409
108.542
118.086
124.873
124.307
106.876
107.425
105.153
154.107
132.890
154.049
157.385
116.021
85.850
128.582
128.416
107.932
109.839
103.066
162.787
130.917
146.860
171.743
156.311
84.831
118.067
116.981
105.004
103.732
111.022
138.132
158.561
114.309
115.097
106.951
106.108
111.971
130.376
119.446
122.730
134.097
110.753
120.273
126.665
126.513
106.999
107.423
105.720
160.027
127.414
178.953
162.715
121.300
118.968
131.219
131.351
108.095
109.854
103.656
170.602
124.954
168.407
181.193
153.832
140.211
118.308
117.888
105.057
103.703
111.520
140.594
160.089
114.367
115.229
107.015
106.071
112.664
130.636
123.095
120.709
134.901
113.793
120.630
126.436
125.968
106.692
106.859
106.332
159.060
133.560
156.442
163.307
122.560
92.634
131.542
131.656
107.811
109.239
104.331
171.952
131.005
171.676
181.355
154.599
137.125
117.072
115.833
104.710
103.217
111.942
135.445
167.472
115.549
116.489
107.331
106.343
113.261
133.662
126.054
122.265
138.510
114.293
122.429
128.887
128.696
106.549
106.541
106.813
166.889
138.602
165.140
171.439
124.964
117.379
134.483
134.665
107.908
109.188
104.859
180.068
136.033
164.918
191.754
155.890
152.479
118.629
118.063
104.143
102.486
112.287
142.741
172.604
158.894
126.008
96.287
61.673
106.255
107.522
105.320
104.476
112.267
111.779
106.942
111.721
112.158
106.320
112.855
108.883
118.055
107.609
180.945
132.751
96.119
69.049
106.724
108.766
106.157
105.025
115.623
113.824
108.601
113.382
114.424
106.645
117.305
108.669
125.362
110.978
177.987
134.679
100.602
78.422
106.851
108.969
106.268
105.099
116.052
114.211
108.889
113.669
114.868
106.605
117.830
108.490
126.276
111.413
182.919
134.084
94.299
86.986
107.302
109.571
106.716
105.501
116.901
115.112
109.446
114.322
115.924
106.957
119.054
108.275
128.439
112.247
194.246
132.730
103.783
110.432
107.519
110.017
106.917
105.611
117.908
116.032
110.057
114.953
117.022
108.462
120.359
109.412
129.787
113.609
185.991
134.017
105.312
73.472
107.736
110.452
107.143
105.775
118.678
116.868
110.795
115.624
117.956
111.918
121.479
110.453
131.019
114.610
179.932
138.479
108.322
102.622
108.221
111.060
107.660
106.270
119.385
117.650
111.332
116.225
118.856
111.980
122.625
111.502
132.264
115.671
III
Government consumption expenditures1...................................................................................
Gross output of general government............................................................................................
Value added.......................
Compensation of general government employees............................................................
Consumption of general government fixed capital2...........................................................
Intermediate goods and services purchased3........................................................................
Durable g oods........................................................................................................................
Nondurable g oo d s........
Services...................................................................................................................................
Less: Own-account investment4....................................................................................................
Sales to other sectors........................................................................................................
Federal consumption expenditures1.
Gross output of general government................................................................................................
Value added......................................................................................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.........
Durable goods..............................................................................................................................
Nondurable goods.............
Services..............................
Less: Own-account investment4........................................................................................................
Sales to other sectors...
......................................................
Defense consumption expenditures1...............................................................................................
Gross output of general government................................................................................................
Value added......................................................................................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Services........................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
Nondefense consumption expenditures1.........................................................................................
Gross output of general government....
Value added.........................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods.................................
Nondurable goods.......................................................................................................................
Commodity Credit Corporation inventory change..............................................................
Other nondurable goods........................................................................................................
Services.................................................................................
Less: Own-account investment4
Sales to other sectors...
State and local consumption expenditures1.....................................
Gross output of general government................................................................................................
Value added...........................
...................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.........
Durable goods..............................................................................................................................
Nondurable goods..
Services.................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
Tuition and related educational charges.........................................................................
Health and hospital charges.............
Other sales..........................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
21
28
29
30
31
32
33
34
35
36
37
38
39
40
41
4?
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2005
IV
I
II
III
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D ecem ber 2005
D -2 7
S u r v e y o f C u r r e n t B usin ess
Table 3.10.4. Price Indexes for Government Consumption Expenditures and
General Government Gross Output
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Government consumption expenditures1
Gross output of general government.
Value added......................................
Compensation of general government employees............................................................
Consumption of general government fixed capital2...........................................................
Intermediate goods and services purchased3........................................................................
Durable goods............................
Nondurable goods
.......................................................................................................
Services...................................................................................................................................
Less: Own-account investment4...................................................................................................
Sales to other sectors.
Federal consumption expenditures1..
Gross output of general governm ent................................................................................................
Value added.......................................................
Compensation of general government employees.................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods...............................................
Nondurable goods........................................
Services.........................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors....
Defense consumption expenditures1
Gross output of general government................................................................................................
Value added............................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods
....................................................................................................................
Nondurable goods...
Services........................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
Nondefense consumption expenditures1
..............................................................................
Gross output of general government.................
Value added......................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods....................................................
Commodity Credit Corporation inventory change..............................................................
Other nondurable goods.....................................
Services.....................................................................
Less: Own-account investment4.....................................
Sales to other sectors............................................................................................................
State and local consumption expenditures1............................................................................................
Gross output of general government.................
Value added......................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Services.......................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
Tuition and related educational charges.........................................................................
Health and hospital charges.............................................................................................
Other sales..........................................................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
2005
IV
I
110.696
110.872
113.320
115.343
102.502
106.742
100.924
104.053
108.350
109.642
112.054
111.536
111.520
115.296
120.113
101.381
106.277
100.230
97.759
108.203
113.074
108.515
112.365
112.368
116.712
122.984
101.820
106.580
100.923
92.042
109.296
112.693
112.771
110.014
109.988
112.875
115.847
100.241
105.673
92.593
115.061
115.428
117.958
120.433
104.759
111.158
102.169
112.261
111.829
113.680
117.819
116.647
116.628
121.881
128.117
103.806
109.628
101.232
99.603
112.044
119.522
112.325
117.172
117.181
123.092
130.783
104.740
109.658
102.080
92.183
113.021
119.365
116.979
115.720
115.667
119.818
124.171
101.377
109.623
91.907
115.565
115.940
118.456
120.961
105.107
111.691
102.286
113.179
112.272
114.172
118.374
117.167
117.145
122.206
128.481
104.014
110.356
101.316
102.219
112.618
119.990
112.429
117.824
117.832
123.587
131.383
104.982
110.462
102.206
96.684
113.556
120.011
117.517
115.981
115.922
119.844
124.173
101.497
110.182
91.536
116.751
117.150
119.177
121.620
106.148
113.632
102.945
118.837
113.136
115.126
119.756
117.907
117.889
122.553
128.495
105.338
111.536
101.902
106.279
113.531
120.522
113.914
118.561
118.568
124.018
131.340
106.580
111.504
102.817
100.483
114.403
120.537
118.187
116.725
116.684
120.045
124.276
102.102
111.669
91.853
118.448
118.771
120.826
123.477
106.719
115.203
103.596
121.054
114.590
116.857
120.912
120.102
120.079
125.296
131.998
105.867
113.091
102.373
106.999
115.336
122.928
115.450
120.631
120.642
126.854
135.135
107.076
112.768
103.309
100.118
115.970
123.167
120.741
119.173
119.101
122.626
127.330
102.720
113.861
92.110
105.220
106.291
113.356
106.073
110.213
110.575
112.508
113.690
103.540
107.040
101.739
105.112
108.436
108.798
112.130
121.646
112.183
105.989
109.179
110.383
119.601
109.619
114.116
114.860
116.332
117.748
105.652
112.136
103.310
114.582
111.625
112.254
117.935
133.191
117.203
109.511
109.105
111.037
119.915
109.452
114.611
115.369
116.903
118.333
106.121
112.537
103.476
115.150
111.959
112.752
118.499
134.565
117.660
109.757
112.986
112.091
120.453
111.305
116.081
116.815
117.781
119.222
106.918
114.980
104.240
121.122
112.784
113.807
119.880
137.237
118.776
110.799
115.081
114.406
122.667
112.368
117.462
118.149
118.972
120.494
107.526
116.563
105.144
123.657
113.948
115.377
121.026
139.381
119.820
111.514
II
III
119.614
119.923
121.735
124.455
107.265
116.711
103.942
124.771
115.492
117.889
121.991
120.830
120.808
125.757
132.509
106.180
114.105
102.612
111.869
115.948
123.784
116.279
121.144
121.158
127.168
135.452
107.382
113.479
103.612
103.002
116.521
124.154
121.361
120.334
120.253
123.345
128.142
103.051
115.565
91.707
121.412
121.593
122.825
125.453
108.822
119.224
104.267
131.758
116.792
119.040
122.948
121.829
121.795
126.344
133.096
106.771
115.505
102.819
120.032
116.685
124.473
116.291
122.299
122.307
127.634
135.848
108.020
115.277
103.877
117.033
117.331
124.710
122.075
121.017
120.914
124.148
129.027
103.518
116.037
91.346
122.232
115.150
123.419
113.335
118.909
119.515
120.067
121.638
108.273
118.397
105.642
127.100
115.092
116.451
122.112
142.402
120.494
112.128
122.239
115.733
124.212
112.897
121.223
121.534
121.366
122.780
110.662
121.661
106.139
133.826
116.866
117.713
123.095
144.474
121.389
112.599
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D -2 8
N a tio n a l D a t a
D ecem ber 2005
Table 3.10.5. Government Consumption Expenditures and General
Government Gross Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
1,736.7
2,042.8
1,276.3
1,092.8
183.5
766.6
49.4
174.2
542.9
21.6
284.6
661.9
671.8
382.6
297.7
84.9
289.2
27.6
25.8
235.8
4.4
5.5
436.6
441.1
244.6
183.0
61.6
196.5
25.5
13.1
157.9
2.1
2.4
225.3
230.7
138.0
114.6
23.3
92.7
2.1
12.7
-0.1
12.8
77.9
2.3
3.1
1,074.8
1,371.1
893.7
795.2
98.6
477.4
21.8
148.4
307.1
17.2
279.1
58.7
139.7
80.7
1,843.4
2,176.8
1,339.7
1,147.7
192.0
837.2
53.8
193.4
590.0
22.3
311.2
725.7
736.2
408.2
319.8
88.4
327.9
31.3
29.2
267.5
4.5
6.0
484.2
488.8
262.6
198.2
64.5
226.1
28.8
15.0
182.2
2.1
2.5
241.4
247.4
145.6
121.7
23.9
101.8
2.4
14.2
-1.0
15.2
85.2
2.4
3.5
1,117.7
1,440.7
931.4
827.9
103.6
509.2
22.5
164.2
322.5
17.8
305.1
64.1
155.0
86.0
2004
III
Government consumption expenditures1...................................................................................
Gross output of general government............................................................................................
Value added..................................
Compensation of general government employees............................................................
Consumption of general government fixed capital2...........................................................
Intermediate goods and services purchased3........................................................................
Durable goods........................................................................................................................
Nondurable goods
..........................................................................................................
Services....................................................................................................................................
Less: Own-account investment4....................................................................................................
Sales to other sectors
Federal consumption expenditures1
Gross output of general government................................................................................................
Value added...................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3.............................................................................
Durable goods............................................
Nondurable goods.....................................
Services......................................................
Less: Own-account investment4 ........................................................................................................
Sales to other sectors..............
Defense consumption expenditures1.
Gross output of general government...
Value added......................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3............................................................................
Durable goods..............................................................................................................................
Nondurable goods............
Services............................
Less: Own-account investment4........................................................................................................
Sales to other sectors..
Nondefense consumption expenditures1.........................................................................................
Gross output of general government...........................
Value added.................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.....................................
Commodify Credit Corporation inventory change..............................................................
Other nondurable goods........................................................................................................
Services......................................................
Less: Own-account investment4......................
Sales to other sectors..........................
State and local consumption expenditures1............................................................................................
Gross output of general government...........................
Value added.................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Services........................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors
Tuition and related educational charges.........................................................................
Health and hospital charges.............................................................................................
Other sales.........................................................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
1,859.6
2,197.6
1,346.3
1,153.1
193.2
851.3
54.4
194.8
602.0
22.5
315.4
735.7
747.9
409.4
320.6
88.8
338.5
31.8
29.4
277.3
4.6
7.5
494.6
500.2
264.3
199.5
64.8
236.0
29.3
16.3
190.4
2.1
3.5
241.1
247.6
145.1
121.1
24.0
102.5
2.4
13.2
-1.8
14.9
86.9
2.5
4.0
1,123.9
1,449.7
936.9
832.5
104.4
512.7
22.6
165.4
324.7
17.9
307.9
64.7
156.7
86.5
2005
IV
1,878.2
2,222.1
1,361.0
1,164.7
196.3
861.1
55.4
205.9
599.7
22.6
321.2
735.1
746.1
413.1
322.7
90.4
333.1
32.5
31.0
269.6
4.5
6.5
490.1
494.2
266.6
200.4
66.2
227.6
30.0
15.4
182.2
2.1
2.0
245.1
252.0
146.5
122.2
24.2
105.5
2.6
15.5
-0.3
15.9
87.4
2.4
4.5
1,143.1
1,475.9
948.0
842.0
106.0
528.0
22.9
175.0
330.1
18.1
314.8
65.8
160.9
88.0
I
1,918.6
2,272.3
1,382.1
1,183.3
198.8
890.2
54.6
215.8
619.8
23.4
330.3
759.6
773.5
422.8
331.5
91.3
350.7
31.3
36.2
283.1
4.8
9.1
508.9
514.3
273.1
206.3
66.8
241.2
28.7
17.6
194.8
2.1
3.3
250.7
259.2
149.7
125.2
24.5
109.5
2.6
18.6
1.4
17.2
88.3
2.7
5.8
1,159.0
1,498.9
959.4
851.9
107.5
539.5
23.2
179.6
336.7
18.6
321.2
67.6
164.1
89.6
II
1,938.5
2,297.0
1,393.4
1,192.3
201.1
903.7
56.4
218.8
628.4
24.3
334.3
762.8
774.8
423.1
331.0
92.1
351.7
32.9
33.1
285.6
4.9
7.1
512.3
517.7
273.1
205.6
67.5
244.6
30.2
18.5
195.9
2.2
3.2
250.5
257.1
150.1
125.4
24.7
107.1
2.7
14.6
-2.8
17.5
89.7
2.7
3.9
1,175.7
1,522.2
970.2
861.3
108.9
552.0
23.5
185.7
342.8
19.4
327.1
69.7
166.5
90.9
III
1,988.0
2,354.5
1,410.0
1,204.9
205.1
944.5
57.9
234.0
652.5
24.6
341.9
784.0
798.1
424.5
331.5
93.1
373.5
34.2
37.5
301.8
5.0
9.0
528.7
534.6
274.3
206.1
68.2
260.2
31.5
20.2
208.6
2.2
3.6
255.3
263.5
150.2
125.4
24.8
113.3
2.8
17.3
0.4
16.9
93.2
2.8
5.4
1,204.0
1,556.4
985.5
873.5
112.0
571.0
23.7
196.5
350.7
19.6
332.9
71.4
169.4
92.1
1. Government consumption expenditures are sen/ices (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the sen/ices of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D ecem ber 2005
S u r v e y o f C u r r e n t B usiness
Table 3.10.6. Real Government Consumption Expenditures and General Government
Gross Output, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Government consumption expenditures'...................................................................................
Gross output of general government............................................................................................
Value added.................................................................................................................................
Compensation of general government employees............................................................
Consumption of general government fixed capital2...........................................................
Intermediate goods and services purchased3........................................................................
Durable goods........................................................................................................................
Nondurable goods..................................................................................................................
Services...................................................................................................................................
Less: Own-account investment4....................................................................................................
Sales to other sectors........................................................................................................
Federal consumption expenditures1..........................................................................................................
Gross output of general government................................................................................................
Value added.....................................................................................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Services........................................................................................................................................
Less: Own-account investment4 ........................................................................................................
Sales to other sectors............................................................................................................
Defense consumption expenditures1 ...............................................................................................
Gross output of general government................................................................................................
Value added.....................................................................................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Services........................................................................................................................................
Less: Own-account investment4 ........................................................................................................
Sales to other sectors............................................................................................................
Nondefense consumption expenditures1.........................................................................................
Gross output of general government................................................................................................
Value added.....................................................................................................................................
Compensation of general government employees.................................................................
Consumption of general government fixed capital2...............................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Commodity Credit Corporation inventory change..............................................................
Other nondurable goods........................................................................................................
Services........................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
State and local consumption expenditures1............................................................................................
Gross output of general government................................................................................................
Value added......................................................................................................................................
Compensation of general government employees..................................................................
Consumption of general government fixed capital2................................................................
Intermediate goods and services purchased3.............................................................................
Durable goods..............................................................................................................................
Nondurable goods.......................................................................................................................
Services........................................................................................................................................
Less: Own-account investment4........................................................................................................
Sales to other sectors............................................................................................................
Tuition and related educational charges.........................................................................
Health and hospital charges.............................................................................................
Other sales..........................................................................................................................
Residual..............................................................................................................................................................
2005
IV
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
1,568.8
1,842.5
1,126.3
947.4
179.0
718.1
49.0
167.4
501.1
19.7
254.0
593.4
602.4
331.8
247.8
83.8
272.1
27.5
26.4
217.9
3.9
5.0
388.5
392.5
209.6
148.8
60.5
184.4
25.2
14.2
144.5
1.9
2.1
204.8
209.7
122.2
99.0
23.3
87.7
2.3
12.0
-0.2
12.2
73.3
2.0
2.9
975.2
1,239.9
794.4
699.4
95.2
446.0
21.5
141.2
283.2
15.8
248.9
48.3
124.6
1,602.1
1,885.9
1,135.7
953.0
183.2
753.1
52.6
172.3
527.6
19.6
264.1
622.1
631.2
334.9
249.6
85.2
299.1
30.9
29.3
238.7
3.8
5.4
413.3
417.1
213.4
151.5
61.6
206.2
28.2
16.3
161.3
1.7
2.1
208.6
213.9
121.5
98.0
23.6
92.9
2.6
12.9
-1.0
13.9
77.2
2.0
3.2
979.5
1,254.3
800.7
703.1
98.0
454.1
21.8
143.3
288.9
15.9
258.7
48.2
132.3
1,609.2
1,895.6
1,136.6
953.3
183.8
762.3
53.2
172.2
536.3
19.7
266.5
628.0
638.5
335.0
249.5
85.4
306.8
31.4
28.8
246.2
3.9
6.7
419.8
424.6
213.8
151.8
61.7
213.7
28.7
16.8
167.6
1.8
3.0
207.9
213.6
121.1
97.5
23.6
93.1
2.7
11.9
-1.8
13.7
78.3
2.1
3.7
980.7
1,256.6
801.5
703.6
98.4
455.7
21.8
143.7
290.1
15.8
259.9
48.1
133.2
60
61
76.1
-1.1
78.5
-2.3
78.8
-2.5
1,608.8
1,896.9
1,142.0
957.7
185.0
757.9
53.8
173.3
530.1
19.6
268.3
623.5
632.9
337.0
251.1
85.8
298.7
31.9
29.1
237.4
3.8
5.7
413.4
416.8
215.0
152.6
62.1
204.1
29.1
15.3
159.2
1.8
1.7
209.9
215.9
122.0
98.4
23.7
94.5
2.8
13.5
-0.5
14.1
78.0
2.0
4.1
984.8
1,263.6
804.9
706.3
99.1
459.3
22.0
144.5
292.7
15.9
262.6
48.0
135.5
79.4
-2.2
I
II
III
1,619.9
1,913.3
1,143.9
958.4
186.3
772.8
52.7
178.3
540.9
20.0
273.2
632.5
644.2
337.4
251.1
86.3
310.1
30.6
33.8
245.5
3.9
7.9
421.9
426.3
215.3
152.6
62.4
213.9
27.8
17.6
168.0
1.7
2.7
210.4
217.6
122.1
98.3
23.8
96.2
2.8
16.0
1.1
14.9
77.2
2.2
5.2
986.8
1,268.7
806.4
707.0
100.0
462.9
22.1
145.3
295.5
16.1
265.5
48.5
136.9
1,620.7
1,915.5
1,144.6
958.0
187.5
774.4
54.3
175.4
544.2
20.6
274.1
631.3
641.4
336.5
249.8
86.8
308.3
32.1
29.6
246.4
4.0
6.1
422.9
427.3
214.7
151.8
62.8
215.6
29.2
17.9
168.1
1.8
2.7
208.2
213.8
121.7
97.9
23.9
92.7
3.0
11.2
-3.1
14.3
77.9
2.2
3.4
988.8
1,273.7
808.1
708.1
100.6
466.3
22.2
146.1
297.9
16.6
267.9
48.9
138.2
1,637.4
1,936.5
1,148.0
960.5
188.5
792.3
55.6
177.7
558.7
20.7
278.1
643.6
655.3
336.0
249.1
87.2
323.4
33.3
31.2
258.6
4.0
7.8
432.4
437.1
214.9
151.7
63.2
225.8
30.3
17.2
177.8
1.8
3.0
210.9
217.9
121.0
97.2
24.0
97.6
3.0
14.2
0.3
13.8
80.5
2.3
4.8
993.2
1,280.7
812.0
711.4
101.2
469.4
22.3
146.9
300.1
16.6
270.5
49.4
139.6
80.4
-2.8
81.1
-3.0
81.8
-4.2
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in
software in table 3.9.5.
N ote. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type
quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed
lines.
D -3 0
N a tio n a l D a t a
D ecem ber 2005
Table 3.11.1. Percent Change From Preceding Period in Real National Defense Consumption
Expenditures and Gross Investment by Type
[Percent]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
National defense consumption expenditures and gross investm ent.......................................
Consumption expenditures1........................................................................................................................
Gross output of general government..........................................................................................................
Value added......................
....................................................................
Compensation of general government employees .......................................................................
M ilitary..........................................................................
Civilian..........................................................................
Consumption of general government fixed capital2 ....
Intermediate goods and services purchased3.....................................................................................
Durable goods.......................................................................................................................................
A ircraft...............................................................................................................................................
Missiles.............................................................................................................................................
Ships.
Vehicles.............................................................................................................................................
Electronics........................................................................................................................................
Other durable goods.......................................................................................................................
Nondurable goods................................................................................................................................
Petroleum products..
Ammunition..............
Other nondurable goods.................................................................................................................
Services........................
Research and development...........................................................................................................
Installation support..........................................................................................................................
Weapons support....
Personnel support............................................................................................................................
Transportation of m aterial...............................................................................................................
Travel of persons..............................................................................................................................
Less: Own-account investment4 .................................................................................................................
Sales to other sectors.....................................................................................................................
Gross investment5 ..........................................................................................................................................
Structures.......................................................................................................................................................
Equipment and software..............................................................................................................................
Aircraft........................................................................................................................................................
M issiles......................................................................................................................................................
Ships..........................................................................................................................................................
Vehicles......................................................................................................................................................
Electronics and software..........................................................................................................................
Other equipment.......................................................................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
8.8
8.9
8.9
2.8
3.6
5.4
-0.2
0.7
17.3
8.2
5.7
4.0
-1.7
5.1
19.8
10.8
8.5
-2.2
2.0
24.2
19.8
19.1
9.3
18.1
22.8
67.7
19.8
-3.1
7.5
8.2
11.6
7.9
-0.9
2.5
8.4
20.8
7.7
11.7
7.0
6.4
6.3
1.8
1.8
1.1
3.3
1.8
11.9
11.9
7.5
12.7
8.1
-5.1
17.8
18.9
14.9
9.2
31.2
11.8
11.6
13.1
2.4
18.9
19.3
-10.9
15.2
-7.6
-1.4
11.8
-6.0
13.5
36.7
15.4
-3.2
-9.8
10.8
15.6
9.0
9.9
10.7
3.3
3.6
-0.4
12.5
2.2
20.0
1.7
35.1
-57.3
33.1
80.6
2.6
-16.1
24.8
50.0
20.7
7.0
22.6
6.7
14.7
86.0
30.8
5.4
16.1
3.5
336.5
2.8
41.9
0.3
-17.4
125.2
129.1
-57.5
-14.1
-20.4
2005
IV
-3.3
-6.0
-7.1
2.1
2.1
3.8
-1.4
2.2
-16.7
6.2
-3.8
-9.1
-56.9
42.3
12.9
44.8
-30.9
-55.6
-1.5
-18.0
-18.6
-8.4
-17.3
-36.8
-22.3
-20.3
-8.9
3.6
-90.5
18.5
-1.0
20.2
84.9
-26.1
-56.4
19.0
4.6
75.0
I
II
III
3.0
8.5
9.5
0.6
0.1
0.1
0.0
2.3
20.6
-17.0
-22.6
60.1
-2.9
0.5
0.0
-40.0
72.9
271.3
-14.7
24.5
23.9
13.4
8.8
41.6
18.6
85.3
140.9
-6.2
646.3
-29.0
-13.7
-30.1
-25.6
-49.5
4.9
12.0
3.5
-53.4
3.7
1.0
0.9
-1.0
-2.2
-4.7
3.1
2.6
3.2
20.8
6.9
72.9
23.5
65.0
61.4
-4.2
8.0
65.7
21.7
-42.2
0.4
13.0
-7.5
-6.3
-1.1
-2.4
-13.4
2.0
-8.5
26.2
-1.9
28.8
28.7
181.0
-13.1
654.6
34.1
-2.0
10.3
9.2
9.5
0.4
-0.2
-1.8
3.1
2.0
20.3
16.3
2.1
-49.3
51.0
183.5
85.1
18.6
-14.8
-37.3
27.3
5.9
25.0
5.3
48.7
55.9
30.6
3.2
1.1
3.4
52.9
18.7
-8.3
21.1
22.0
-56.3
58.9
30.4
35.8
17.8
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account
investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in
software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
Decem ber 2005
S u r v e y o f C u r r e n t B usin ess
Table 3.11.3. Real National Defense Consumption Expenditures
and Gross Investment by Type, Quantity Indexes
[Index numbers, 2000=100]
D -3 1
Table 3.11.4. Price Indexes for National Defense Consumption
Expenditures and Gross Investment by Type
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
National defense
consumption
expenditures and gross
investm ent.......................
Consumption expenditures1....
Gross output of general
governm ent...........................
Value a dded..........................
Compensation of general
government employees
Military...........................
Civilian...........................
Consumption of general
government fixed
capital2..........................
Intermediate goods and
services purchased3 ........
Durable goods...................
Aircraft...........................
M issiles.........................
S hips..............................
Vehicles.........................
Electronics.....................
Other durable goods....
Nondurable goods............
Petroleum products......
Ammunition...................
Other nondurable goods
S ervices............................
Research and
development.............
Installation support.......
Weapons support.........
Personnel support........
Transportation of
m aterial.....................
Travel of persons..........
Less; Own-account investment4
Sales to other sectors
Gross investment5.......................
Structures...................................
Equipment and software...........
Aircraft....................................
Missiles...................................
S hips......................................
Vehicles..................................
Electronics and software.....
Other equipment....................
Seasonally adjusted
Line
2005
IV
I
II
129.970 131.709 130.621
128.541 130.593 128.582
131.595 132.791 136.101
131.219 131.542 134.483
3 120.939
4 105.226
128.507 130.808 128.416
107.128 107.363 107.932
131.351 131.656
108.095 107.811
134.665
107.908
5 107.101
6 111.549
7 98.803
109.047
112.828
102.046
109.269
112.239
103.831
109.854
113.316
103.465
109.239
111.969
104.266
109.188
111.470
105.077
8
100.435
102.223
102.496
103.066
103.656
104.331
104.859
9
10
11
12
13
14
15
16
17
18
19
20
21
147.007
113.344
104.609
105.572
96.170
108.954
135.297
127.496
136.313
154.085
143.732
117.878
155.855
164.434
126.861
112.413
119.029
103.945
103.421
159.324
151.568
156.568
168.322
188.553
131.767
173.917
170.383
128.974
118.269
114.186
118.321
106.449
162.612
145.454
161.088
168.172
194.590
136.063
180.798
162.787
130.917
117.133
111.502
95.877
116.272
167.618
159.571
146.860
137.295
193.855
129.491
171.743
170.602
124.954
109.870
125.420
95.173
116.409
167.600
140.425
168.407
190.578
186.290
136.795
181.193
171.952
131.005
111.721
143.825
100.326
131.940
188.916
138.917
171.676
216.215
195.650
119.253
181.355
180.068
136.033
112.304
121.387
111.208
171.211
220.366
144.957
164.918
192.361
207.804
120.975
191.754
22 168.062 190.098 193.205
23 128.091 131.109 134.289
24 161.640 192.186 211.972
25 169.378 201.989 212.612
189.011 195.026 201.096 203.688
128.054 130.788 128.259 141.639
189.009 206.195 202.855 226.683
199.626 208.317 207.728 222.079
26 195.202 173.969 178.578
27 119.076 137.139 142.569
28 165.422 152.925 154.932
29 110.206 108.656 152.612
30 125.612 140.426 139.732
31
93.663 88.049 89.768
32 129.394 146.829 145.812
33 133.023 181.881 170.880
34 122.184 140.961 155.430
35 141.978 137.457 154.825
36 166.281 150.001 137.570
37 111.451 123.467 124.291
38 130.118 150.403 142.309
168.744
139.287
156.311
84.831
145.788
89.537
152.683
199.259
144.115
125.813
143.695
125.684
163.674
196.890
173.537
153.832
140.211
133.838
86.307
139.616
185.045
121.465
127.321
147.833
126.780
135.235
195.703
167.415
154.599
137.125
141.860
85.896
148.740
197.096
157.261
122.946
245.017
136.420
134.545
197.274
167.881
155.890
152.479
148.075
84.064
156.029
207.146
127.836
138.030
261.816
147.272
140.156
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2004
III
1 121.447
2 120.847
109.839
113.298
103.456
2003
2004
III
National defense
consumption
expenditures and gross
investment........................
Consumption expenditures1 ....
Gross output of general
government............................
Value added...........................
Compensation of general
government employees
M ilitary...........................
Civilian............................
Consumption of general
government fixed
capital2 ..........................
Intermediate goods and
services purchased3.........
Durable goods...................
Aircraft...........................
Missiles..........................
Ships...............................
Vehicles.........................
Electronics.....................
Other durable goods....
Nondurable goods............
Petroleum products......
Ammunition....................
Other nondurable goods
Services..............................
Research and
development.............
Installation support.......
Weapons support.........
Personnel support........
Transportation of
material......................
Travel of persons...........
Less; Own-account investment4
Sales to other sectors...
Gross investment5.......................
Structures...................................
Equipment and software...........
A ircraft....................................
Missiles...................................
Ships.......................................
Vehicles..................................
Electronics and software......
Other equipment....................
2005
IV
I
II
III
1 110.434 114.840 115.429 116.198 118.060 118.471 119.481
2 112.365 117.172 117.824 118.561 120.631 121.144 122.299
3 112.368 117.181 117.832 118.568 120.642 121.158 122.307
4 116.712 123.092 123.587 124.018 126.854 127.168 127.634
5 122.984 130.783
6 126.140 133.616
7 116.883 125.346
8 101.820
131.383
134.548
125.288
131.340
134.332
125.587
135.135
138.495
128.659
135.452
138.522
129.545
135.848
138.549
130.652
104.740
104.982
106.580
107.076
107.382
108.020
106.580
100.923
102.288
102.754
101.063
107.888
94.534
100.424
92.042
79.538
100.658
102.147
109.296
109.658
102.080
103.669
103.946
104.453
114.907
93.772
101.261
92.183
75.289
106.422
104.403
113.021
110.462
102.206
103.795
104.236
104.945
114.596
93.734
101.399
96.684
85.300
106.854
104.254
113.556
111.504
102.817
104.176
105.141
105.766
118.266
93.876
102.160
100.483
91.731
108.965
105.818
114.403
112.768
103.309
104.540
106.084
106.548
118.572
94.214
102.739
100.118
89.855
110.783
105.944
115.970
113.479
103.612
104.484
106.679
106.825
118.328
94.022
103.912
103.002
94.893
111.462
106.880
116.521
115.277
103.877
104.993
106.519
107.019
117.455
94.027
104.411
117.033
122.931
111.954
107.100
117.331
22 106.683
23 109.118
24 107.110
25 111.025
110.817
113.774
109.636
114.280
111.538
114.265
109.997
114.712
112.607
115.540
110.459
115.300
114.552 115.365
118.008 118.095
111.050 111.829
116.589 116.987
116.326
118.949
112.411
117.551
26
27
28
29
30
31
32
33
34
35
36
37
38
121.275
116.428
119.365
116.979
99.922
115.448
98.548
89.187
101.059
111.408
98.397
90.542
102.555
122.258
116.506
120.011
117.517
100.129
116.507
98.697
88.539
101.616
113.182
96.628
90.452
102.835
123.701
115.877
120.537
118.187
101.087
117.706
99.636
90.078
101.969
115.628
99.966
89.889
103.449
123.742 124.302
116.787 117.849
123.167 124.154
120.741 121.361
101.667 101.436
118.939 120.164
100.170 99.842
89.583 87.273
102.494 103.281
117.739 117.633
99.386 98.157
89.674 89.252
104.635 105.711
125.199
119.503
124.710
122.075
101.563
123.070
99.792
87.047
103.436
116.786
99.041
88.826
106.144
9
10
11
12
13
14
15
16
17
18
19
20
21
118.251
113.304
112.693
112.771
98.019
110.097
96.906
89.450
99.490
101.718
97.965
92.255
101.238
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
National Data
D -3 2
Table 3.11.5. National Defense Consumption Expenditures and
Gross Investment by Type
[Billions of dollars]
Decem ber 2005
Table 3.11.6. Real National Defense Consumption Expenditures and
Gross Investment by Type, Chained Dollars
[Billionsof chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
National defense
consumption
expenditures and gross
investm ent.......................
Consumption expenditures1....
Gross output of general
government...........................
Value add e d ..........................
Compensation of general
government employees
Military...........................
Civilian...........................
Consumption of general
government fixed
capital2..........................
Intermediate goods and
services purchased3 ........
Durable goods...................
Aircraft...........................
Missiles.........................
S hips..............................
Vehicles.........................
Electronics.....................
Other durable goods....
Nondurable goods............
Petroleum products......
Ammunition...................
Other nondurable goods
Services.............................
Research and
development.............
Installation support......
Weapons support.........
Personnel support........
Transportation of
m aterial.....................
Travel of persons..........
Less: Own-account investment4
Sales to other sectors
Gross investment5.......................
Structures...................................
Equipment and software...........
Aircraft....................................
Missiles...................................
S hips......................................
Vehicles..................................
Electronics and software.....
Other equipment....................
Seasonally adjusted at annual rates
2005
IV
I
II
Line
2004
III
1
2
496.7
436.6
552.7
484.2
562.9
494.6
562.0
490.1
575.3
508.9
582.5
512.3
602.1
528.7
3
4
441.1
244.6
488.8
262.6
500.2
264.3
494.2
266.6
514.3
273.1
517.7
273.1
534.6
274.3
5
6
7
183.0
125.8
57.2
198.2
134.8
63.3
199.5
135.0
64.4
200.4
136.1
64.3
206.3
140.3
65.9
205.6
138.7
66.9
206.1
138.1
68.0
8
61.6
64.5
64.8
66.2
66.8
67.5
68.2
9
10
11
12
13
14
15
16
17
18
19
20
21
196.5
25.5
10.5
2.7
1.3
0.9
3.7
6.4
13.1
5.0
2.6
5.5
157.9
226.1
28.8
11.5
3.0
1.4
0.9
4.4
7.6
15.0
5.1
3.6
6.3
182.2
236.0
29.3
12.1
2.9
1.6
0.9
4.5
7.3
16.3
6.1
3.8
6.5
190.4
227.6
30.0
12.0
2.9
1.3
1.1
4.6
8.1
15.4
5.4
3.8
6.2
182.2
241.2
28.7
11.3
3.3
1.3
1.1
4.6
7.2
17.6
7.3
3.7
6.6
194.8
244.6
30.2
11.5
3.8
1.4
1.2
5.2
7.2
18.5
8.7
4.0
5.8
195.9
260.2
31.5
11.6
3.2
1.6
1.6
6.1
7.5
20.2
10.1
4.2
5.9
208.6
22
23
24
25
47.1
34.8
16.6
43.2
55.3
37.2
20.2
53.0
56.6
38.2
22.3
56.0
55.9
36.9
20.0
52.8
58.7
38.5
21.9
55.7
61.0
37.8
21.7
55.8
62.3
42.0
24.4
59.9
26
27
28
29
30
31
32
33
34
35
36
37
38
9.9
6.3
2.1
2.4
60.1
5.1
55.0
9.2
3.3
9.5
3.0
10.4
19.6
9.1
7.5
2.1
2.5
68.5
5.1
63.4
12.6
3.8
10.1
2.7
11.3
22.9
9.4
7.8
2.1
3.5
68.3
5.2
63.1
11.7
4.2
11.5
2.4
11.4
21.8
9.0
7.6
2.1
2.0
71.9
5.2
66.7
13.9
4.0
9.6
2.6
11.4
25.2
10.5
9.5
2.1
3.3
66.4
5.1
61.3
12.9
3.3
9.9
2.7
11.5
21.0
10.5
9.3
2.2
3.2
70.2
5.1
65.1
13.3
4.4
9.5
4.4
12.3
21.1
10.6
9.4
2.2
3.6
73.4
5.1
68.3
14.0
3.6
10.6
4.7
13.2
22.1
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2003
National defense
consumption
expenditures and gross
investment........................
Consumption expenditures1 ....
Gross output of general
government............................
Value added...........................
Compensation of general
government employees
M ilitary...........................
Civilian............................
Consumption of general
government fixed
capital2 ..........................
Intermediate goods and
services purchased3.........
Durable goods...................
Aircraft...........................
Missiles..........................
Ships...............................
Vehicles.........................
Electronics.....................
Other durable goods....
Nondurable goods............
Petroleum products.......
Ammunition....................
Other nondurable goods
Services..............................
Research and
development.............
Installation support.......
Weapons support.........
Personnel support........
Transportation of
material......................
Travel of persons...........
Less: Own-account investment4
Sales to other sectors...
Gross investment5.......................
Structures...................................
Equipment and software...........
Aircraft....................................
Missiles...................................
Ships.......................................
Vehicles..................................
Electronics and software.......
Other equipment....................
2004
2005
III
IV
I
II
III
1
2
449.7
388.5
481.3
413.3
487.7
419.8
483.7
413.4
487.3
421.9
491.7
422.9
504.0
432.4
3
4
392.5
209.6
417.1
213.4
424.6
213.8
416.8
215.0
426.3
215.3
427.3
214.7
437.1
214.9
5
6
7
148.8
99.8
48.9
151.5
100.9
50.5
151.8
100.4
51.4
152.6
101.3
51.2
152.6
101.3
51.2
151.8
100.1
51.6
151.7
99.7
52.0
8
60.5
61.6
61.7
62.1
62.4
62.8
63.2
9
10
11
12
13
14
15
16
17
18
19
20
21
184.4
25.2
10.3
2.6
1.3
0.8
4.0
6.3
14.2
6.2
2.6
5.4
144.5
206.2
28.2
11.0
2.9
1.4
0.8
4.7
7.5
16.3
6.8
3.4
6.0
161.3
213.7
28.7
11.6
2.8
1.6
0.8
4.8
7.2
16.8
6.8
3.5
6.2
167.6
204.1
29.1
11.5
2.7
1.3
0.9
4.9
7.9
15.3
5.6
3.5
5.9
159.2
213.9
27.8
10.8
3.1
1.3
0.9
4.9
7.0
17.6
7.7
3.4
6.2
168.0
215.6
29.2
11.0
3.5
1.3
1.0
5.5
6.9
17.9
8.8
3.5
5.4
168.1
225.8
30.3
11.0
3.0
1.5
1.3
6.4
7.2
17.2
7.8
3.8
5.5
177.8
22
23
24
25
44.2
31.9
15.5
38.9
49.9
32.7
18.4
46.4
50.8
33.5
20.3
48.8
49.7
31.9
18.1
45.8
51.2
32.6
19.8
47.8
52.8
32.0
19.4
47.7
53.5
35.3
21.7
51.0
26
27
28
29
30
31
32
33
34
35
36
37
38
39
8.4
5.6
1.9
2.1
61.3
4.7
56.7
10.3
3.3
9.3
3.0
11.3
19.4
-0.8
7.5
6.4
1.7
2.1
68.5
4.4
64.4
14.1
3.8
9.0
2.7
12.5
22.4
-2.6
7.7
6.7
1.8
3.0
68.2
4.5
63.9
13.3
4.2
10.2
2.5
12.6
21.2
-2.6
7.3
6.5
1.8
1.7
71.2
4.4
66.9
15.5
3.9
8.3
2.6
12.7
24.3
-2.6
8.5
8.1
1.7
2.7
65.3
4.3
61.2
14.4
3.3
8.4
2.7
12.8
20.1
-2.5
8.4
7.9
1.8
2.7
69.2
4.3
65.2
15.3
4.2
8.1
4.5
13.8
20.0
-3.6
8.5
7.9
1.8
3.0
72.3
4.2
68.4
16.1
3.4
9.1
4.8
14.9
20.8
-4.8
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 differ
ence between the first line and the sum of the most detailed lines.
D ecem ber 2005
D -3 3
S u r v e y o f C u r r e n t B usin ess
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
III
Current receipts from the rest of the w orld.....................................................................................
Exports of goods and services
Goods1...................................
Durable......................................................................................................................................................
Nondurable.......................
Services1 .......................................................................................................................................................
Income receipts...........
Wage and salary receipts............................................................................................................................
Income receipts on assets..........................................................................................................................
Interest..................
Dividends...................................................................................................................................................
Reinvested earnings on U.S. direct investment abroad......................................................................
Current payments to the rest of the world.......................................................................................
Imports of goods and services
Goods1...................................
Durable..............................
Nondurable.......................
Services1...............................
Income payments....................
Wage and salary payments..
Income payments on assets
Interest...............................
Dividends...................................................................................................................................................
Reinvested earnings on foreign direct investment in the United States............................................
Current taxes and transfer payments to the rest of the world (net)...................................................
From persons (net)........................................................................................................................................
From government (net).....................
From business (net)..........................
Balance on current account, NIPAs
Addenda:
Balance on current account, NIPAs........................................................................................................
2005
2004
IV
I
II
III
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
1,389.3
1,045.6
724.3
496.1
228.2
321.3
343.7
3.0
340.7
85.0
97.5
158.2
1,893.8
1,546.5
1,283.9
801.2
482.7
262.6
275.6
8.5
267.1
187.4
67.7
12.0
71.7
41.2
18.0
12.4
-504.5
1,589.2
1,173.8
818.1
561.4
256.7
355.7
415.4
3.0
412.4
102.9
104.3
205.2
2,240.9
1,797.8
1,495.9
930.2
565.7
301.9
361.7
8.8
352.8
228.2
68.4
56.2
81.5
42.9
19.7
18.9
-651.7
1,601.9
1,183.8
829.7
572.1
257.6
354.1
418.1
3.1
415.0
105.6
104.3
205.1
2,255.1
1,821.8
1,515.0
946.8
568.2
306.8
369.6
8.8
360.8
237.2
48.9
74.6
63.6
43.4
17.3
3.0
-653.2
1,679.5
1,217.1
845.0
578.5
266.5
372.1
462.4
3.2
459.2
126.6
102.2
230.4
2,418.1
1,902.5
1,588.4
974.7
613.7
314.1
425.6
9.0
416.6
262.6
82.1
71.9
90.0
41.7
17.3
31.0
-738.6
1,715.4
1,253.2
865.4
590.9
274.5
387.7
462.3
3.0
459.3
145.8
195.9
117.6
2,482.4
1,950.6
1,627.6
999.0
628.6
323.0
422.9
8.6
414.3
294.3
76.4
43.6
108.8
48.3
31.8
28.7
-767.0
1,786.6
1,297.1
904.7
615.3
289.3
392.5
489.4
3.0
486.4
158.2
201.3
126.9
2,533.4
1,988.1
1,661.8
1,010.7
651.1
326.3
453.9
8.6
445.3
314.3
59.3
71.7
91.3
44.9
18.2
28.2
-746.8
1,823.1
1,309.6
914.6
630.0
284.6
395.0
513.5
3.1
510.4
178.2
313.5
18.8
2,578.5
2,043.8
1,717.7
1,022.2
695.5
326.1
475.1
8.7
466.3
349.2
54.9
62.2
59.7
44.4
22.8
-7.5
-755.4
30
31
32
-507.7
-504.5
3.2
-653.4
-651.7
1.6
-654.7
-653.2
1.6
-740.4
-738.6
1.8
-784.3
-767.0
17.3
-747.3
-746.8
0.5
-755.4
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclas
sified from goods to services.
2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
D -3 4
N a tio n a l D a t a
Table 4.2.1. Percent Change From Preceding Period in Real Exports and in
Real Imports of Goods and Services by Type of Product
[Percent]
Decem ber 2005
Table 4.2.2. Contributions to Percent Change in Real Exports and in Real
Imports of Goods and Services by Type of Product
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2003
2004
2004
III
2005
IV
2004
III
I
II
III
1
2
3
1.8
1.8
1.8
8.4
8.9
-6.4
5.5
8.2
34.6
7.1
3.7
27.6
7.5
5.3
-8.8
10.7
16.0
32.0
0.8
3.0
-19.6
4
5
6
2.5
2.6
2.5
6.3
4.5
7.3
-1.1
-3.0
-0.1
1.6
8.6
-1.9
0.2
-1.3
1.0
15.9
20.0
13.8
-4.6
20.6
-15.7
7
2.2
12.9
9.0
-0.4
4.9
24.2
3.4
8
-10.9
2.8
36.6
-14.3
18.5
92.8
-26.1
9
10
6.1
4.9
8.8
16.1
21.7
1.9
11.5
0.7
12.6
0.9
26.9
11.5
18.5
9.5
11
1.5
9.8
24.1
4.8
3.3
-4.5
21.0
12
13
14
15
16
6.0
4.4
7.7
-12.1
1.7
13.6
16.3
10.7
-0.8
7.4
4.6
15.4
-6.2
-7.3
-0.6
17.7
13.5
22.7
-17.5
15.5
16.6
20.5
12.3
38.4
12.5
3.0
8.4
-3.0
17.3
-0.4
7.2
16.5
-3.0
31.8
-3.9
17
18
19
20
21
22
23
7.2
-5.3
-17.7
1.4
6.1
7.3
-8.0
13.4
12.0
8.9
14.0
6.8
4.2
-3.3
-18.9
-2.0
11.5
-10.7
10.3
0.1
-6.0
-9.1
7.8
-22.7
11.4
50.7
19.4
1.1
162.6
18.7
11.6
11.5
10.6
4.0
-12.4
-3.4
27.7
15.6
-7.0
-7.3
-10.2
-2.3
19.0
-18.2
-7.1
-8.5
7.0
-0.3
0.1
24
25
26
4.6
4.9
7.8
10.7
11.0
5.7
4.7
4.7
-3.0
11.3
13.0
4.4
7.4
8.2
5.2
-0.3
-1.1
-0.1
2.1
3.3
15.2
27
28
29
30
1.7
1.2
2.2
6.5
15.7
20.7
10.8
6.5
19.0
20.3
17.6
-0.5
8.7
23.5
-6.3
45.1
2.8
-2.1
8.8
3.4
-5.6
-2.9
-8.5
-24.5
-4.0
-14.2
8.5
-3.1
31
6.0
17.3
12.6
8.5
4.2
24.8
3.9
32
-5.9
-2.8
-12.6
70.9
-30.0
44.8
-46.1
33
34
9.0
6.4
23.8
17.4
25.3
11.0
9.5
3.0
11.3
6.2
13.7
27.2
13.5
7.4
35
2.6
6.8
0.6
1.8
0.0
-1.1
18.2
36
37
38
39
40
41
42
43
44
45
46
47
8.7
7.3
10.1
-4.6
3.0
13.3
-8.8
2.8
3.0
-1.7
11.2
0.3
10.9
15.5
6.2
0.2
9.6
5.7
5.9
14.9
10.9
20.3
9.5
4.1
-5.3
-0.7
-10.2
12.0
4.6
-12.4
-3.9
2.3
6.2
71.6
2.6
5.7
18.5
25.2
11.2
-3.9
3.1
-23.3
-18.0
4.1
15.8
-25.3
35.3
-10.7
19.1
23.7
13.8
32.5
3.7
-3.0
3.6
1.3
14.1
12.6
-1.0
0.0
0.0
-8.8
11.1
-22.1
4.4
18.3
20.2
24.4
-30.4
-6.5
13.7
-1.3
-3.7
10.5
-17.9
32.0
-3.9
-12.8
-10.8
-8.5
-8.0
6.1
4.5
0.4
48
49
50
1.7
1.9
1.4
11.2
4.0
-5.6
9.7
5.0
25.8
2.1
7.1
21.6
6.3
3.2
-6.8
16.9
14.2
28.6
10.3
-11.3
-8.5
51
52
53
54
1.8
4.3
6.0
4.7
10.2
13.7
6.6
11.5
6.8
7.5
0.1
5.4
2.3
11.5
15.7
9.0
6.3
7.4
9.5
8.9
15.1
4.6
-9.5
3.1
4.0
7.0
-1.9
4.5
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are
included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonau
tomotive consumer qoods.
2004
Percent change at annual rate:
E xports of goods and
s e rvice s ............................
Percentage points at annual
rates:
Exports o f g o o d s’ .......................
Foods, feeds, and beverages....
Industrial supplies and
materials.................................
Durable goods.......................
Nondurable goods................
Capital goods, except
automotive..............................
Civilian aircraft, engines, and
p a rts...................................
Computers, peripherals, and
parts...................................
Other.......................................
Automotive vehicles, engines,
and p a rts................................
Consumer goods, except
automotive.............................
Durable g oods.......................
Nondurable g oods................
Other............................................
Exports of se rvice s1....................
Transfers under U.S. military
agency sales contracts.........
Travel...........................................
Passenger fares.........................
Other transportation...................
Royalties and license fe e s........
Other private services...............
O ther............................................
Percent change at annual rate:
Im ports o f goods and
se rv ic e s ............................
Percentage points at annual
rates:
Im ports of g o o d s1........................
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
pa rts...................................
Computers, peripherals, and
p a rts ...................................
Other.......................................
Automotive vehicles, engines,
and p a rts................................
Consumer goods, except
automotive..............................
Durable g oods.......................
Nondurable goods................
Other............................................
Im ports o f s e rvice s1....................
Direct defense expenditures....
Travel...........................................
Passenger fares.........................
Other transportation...................
Royalties and license fe e s........
Other private services...............
Other............................................
2005
IV
II
I
III
1
1.8
8.4
5.5
7.1
7.5
10.7
0.8
2
3
1.25
0.09
6.15
-0.35
5.64
1.44
2.59
1.17
3.70
-0.42
10.84
1.36
2.05
-1.03
4
5
6
0.40
0.14
0.26
1.06
0.26
0.80
-0.17
-0.17
0.00
0.28
0.49
-0.21
0.04
-0.08
0.12
2.72
1.14
1.57
-0.83
1.14
-1.98
7
0.63
3.57
2.52
-0.12
1.35
6.27
0.94
8
-0.55
0.13
1.36
-0.67
0.74
3.17
9
10
0.23
0.96
0.33
3.12
0.73
0.43
0.40
0.15
0.44
0.17
0.88
2.22
0.60
1.77
11
0.12
0.75
1.70
0.37
0.26
-0.33
1.41
12
13
14
15
16
0.50
0.19
0.31
-0.49
0.52
1.15
0.71
0.44
-0.03
2.26
0.40
0.67
-0.27
-0.25
-0.19
1.48
0.61
0.87
-0.60
4.52
1.42
0.91
0.51
1.06
3.76
0.27
0.40
-0.12
0.55
-0.12
0.61
0.74
-0.12
0.95
-1.21
17
18
19
20
21
22
23
0.08
-0.35
-0.31
0.04
0.27
0.91
-0.11
0.15
0.74
0.14
0.42
0.31
0.54
-0.04
-0.25
-0.13
0.18
-0.36
0.43
0.02
-0.07
-0.11
0.49
-0.41
0.35
1.93
2.26
0.01
1.24
1.13
0.18
0.36
0.50
0.51
-0.15
-0.05
1.62
0.24
-0.24
-0.36
-1.31
-0.03
0.24
-1.31
-0.12
-0.29
0.31
-0.04
0.00
24
4.6
10.7
4.7
11.3
7.4
-0.3
2.1
25
26
4.06
0.27
9.10
0.21
3.91
-0.10
10.79
0.15
6.81
0.18
-0.96
0.00
2.77
0.48
27
28
29
30
0.19
0.07
0.12
0.51
1.82
1.19
0.63
0.62
2.24
1.26
0.98
-0.05
1.17
1.55
-0.38
4.12
0.37
-0.14
0.52
0.38
-0.74
-0.20
-0.53
-3.15
-0.51
-1.00
0.49
-0.39
31
1.15
3.22
2.33
1.65
0.80
4.20
0.73
32
-0.10
-0.04
-0.18
0.78
-0.49
0.51
-0.81
33
34
0.45
0.81
1.11
2.15
1.14
1.38
0.47
0.40
0.52
0.78
0.61
3.09
0.59
0.94
35
0.36
0.91
0.08
0.23
36
37
38
39
40
41
42
43
44
45
46
47
1.84
0.81
1.03
-0.27
0.52
0.19
-0.37
0.04
0.09
-0.02
0.60
0.00
2.32
1.68
0.64
0.01
1.63
0.10
0.22
0.20
0.32
0.25
0.52
0.02
-1.13
-0.08
-1.05
0.54
0.76
-0.23
-0.15
0.03
0.18
0.75
0.14
0.03
3.64
2.58
1.06
-0.18
0.54
-0.43
-0.71
0.05
0.45
-0.40
1.64
-0.06
oI
E xports o f goods and
se rvice s............................
Exports o f g o o d s1.......................
Foods, feeds, and beverages....
Industrial supplies and
materials.................................
Durable goods.......................
Nondurable goods................
Capital goods, except
automotive..............................
Civilian aircraft, engines, and
parts...................................
Computers, peripherals, and
parts...................................
O ther......................................
Automotive vehicles, engines,
and p a rts................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
O th er...........................................
Exports o f se rvice s1 ...................
Transfers under U.S. military
agency sales contracts.........
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fees........
Other private services..............
O th er...........................................
Im ports o f goods and
se rvice s.............................
Im ports o f g o o d s 1.......................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products..........................
Durable goods.......................
Nondurable goods................
Petroleum and products...........
Capital goods, except
automotive.............................
Civilian aircraft, engines, and
parts...................................
Computers, peripherals, and
parts...................................
O th er......................................
Automotive vehicles, engines,
and parts................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
O th er...........................................
Im ports of se rvices1....................
Direct defense expenditures....
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fees........
Other private services..............
O th er...........................................
Addenda:
Exports of durable goods.........
Exports of nondurable goods...
Exports of agricultural goods2
Exports of nonagricultural
goods......................................
Imports of durable goods..........
Imports of nondurable goods....
Imports of nonpetroleum goods
2003
I
4^
CO
Line
Line
-0.13
1.98
3.73
2.46
1.27
1.34
0.63
-0.05
0.13
0.02
0.42
0.16
-0.05
0.00
0.00
-1.02
1.01
-1.14
0.70
0.26
0.65
0.29
-1.08
-0.09
0.68
-0.01
-0.76
1.08
-1.85
1.25
-0.64
-0.21
-0.40
-0.11
-0.24
0.08
0.23
0.00
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 ecem ber 2005
D -3 5
S u r v e y o f C u r r e n t B usin ess
Table 4.2.4. Price Indexes for Exports and Imports of Goods and Services
by Type of Product
[Index numbers, 2000=100]
Table 4.2.3. Real Exports and Imports of Goods and Services by
Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2003
2004
2004
III
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
p arts...................................
O ther......................................
Automotive vehicles, engines,
and parts................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods.................
O th e r...........................................
Exports of services1 ...................
Transfers under U.S. military
agency sales contracts.........
Travel...........................................
Passenger fares.........................
Other transportation.................
Royalties and license fees........
Other private services..............
O th er...........................................
Imports of goods and
services.............................
Imports of goods1.......................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products..........................
Durable goods.......................
Nondurable goods.................
Petroleum and products...........
Capital goods, except
automotive..............................
Civilian aircraft, engines, and
p arts...................................
Computers, peripherals, and
parts...................................
O ther......................................
Automotive vehicles, engines,
and parts................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
O ther...........................................
Imports of services1....................
Direct defense expenditures....
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fees........
Other private services..............
O ther...........................................
Addenda:
Exports of durable g oods.........
Exports of nondurable goods...
Exports of agricultural goods2
Exports of nonagricultural
goods......................................
Imports of durable goods..........
Imports of nondurable goods....
Imports of nonpetroleum goods
2005
IV
I
II
Line
7
84.190
105.131 105.478
91.582
91.075
113.707 114.601
105.889
92.971
114.062
105.947 109.920
92.667 96.996
114.350 118.100
108.635
101.638
113.179
95.089
96.559
96.453
97.609
103.049
103.922
8
86.250
88.666
92.121
88.626
92.467
108.957
101.023
9
10
81.186
84.668
88.325
98.291
89.940
99.265
92.429
99.441
95.218
99.653
101.070
102.404
105.441
104.748
11
98.864
108.557
112.078
113.396
114.318
113.022
118.547
12 100.901
13 98.385
14 103.689
15 83.507
16 99.776
114.592 115.088 119.876 124.571
114.430 117.216 120.976 126.759
114.794 112.788 118.699 122.205
82.849 83.600 79.678
86.428
107.119 106.368 110.275 113.578
17 96.170
18 76.890
19 65.481
20 100.089
21 105.397
22 123.145
23 90.138
109.063
86.103
71.336
114.095
112.513
128.277
87.180
24 105.205
25 105.288
26 118.679
105.329
86.040
74.210
112.573
110.415
127.256
86.564
130.929
91.515
71.528
118.848
125.453
134.329
83.962
125.482 127.683
129.351 134.397
121.284 120.376
89.947 96.384
113.466 112.336
129.799
97.286
74.172
116.726
123.092
130.771
83.478
135.569
92.524
72.819
114.170
125.204
130.665
83.493
116.495 117.328
116.830 117.563
125.489 125.218
120.518 122.698 122.620
121.221 123.629 123.276
126.566 128.193 128.149
123.268
124.292
132.773
27 100.787
28 99.877
29 101.695
30 107.621
116.581 120.515
120.506 124.030
112.674 117.086
114.653 109.765
123.056
130.756
115.204
120.461
123.906 122.147
130.077 129.122
117.655 115.061
121.468 113.241
120.922
124.279
117.420
112.349
31
92.361
108.366
113.386
114.567
122.257
32
111.085
102.854
87.680
69.585
115.652
122.327
133.020
86.799
121.102
86.414
84.021
82.511
94.338
86.296
94.661
81.107
33 109.729
34 87.240
135.864
102.418
141.290
104.870
144.547
105.640
148.456
107.251
153.312
113.892
158.239
115.956
35 106.477
114.910
114.591
119.474
113.697
114.421
114.924
36
37
38
39
40
41
42
43
44
45
46
47
120.896 134.127
118.629 137.064
123.431 131.025
100.517 100.675
104.921 114.991
152.726 161.458
82.234 87.121
73.884 84.924
100.173 111.057
111.481 134.141
131.605 144.069
103.350 107.566
133.380
136.632
129.939
102.424
116.317
162.911
89.074
85.450
111.026
147.614
142.520
109.878
139.158 145.361 145.355 143.988
144.531 152.426 148.975 152.742
133.436 137.826 141.490 134.674
101.422 108.824 102.235 109.573
117.217 118.292 119.561 118.381
152.445 151.297 157.783 152.490
84.775 85.527 89.553 87.027
86.307 86.591
91.456 89.458
115.167 119.024 108.733 106.478
137.251 141.389 139.051 141.134
153.722 153.352 158.364 160.100
106.798 106.785 106.443 106.555
48
49
50
87.796
102.390
102.028
97.626
106.440
96.291
99.208
106.818
97.020
99.728
108.669
101.886
101.255
109.534
100.098
105.279
113.232
106.598
107.899
109.880
104.248
51
52
53
54
91.016
101.779
112.155
105.008
100.336
115.721
119.544
117.121
101.588 102.165 103.741
117.412 120.641 122.806
118.640 123.039 125.860
118.624 121.209 123.831
107.445
124.189
122.764
124.773
108.495
126.295
122.175
126.153
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 nonau
tomotive consumer goods.
2004
III
1 94.064 101.970 102.622 104.398 106.295 109.037 109.266
2 91.763
99.899 101.120 102.031 103.356 107.266 108.056
3 102.559 95.952 96.722 102.796 100.453 107.665 101.944
4 98.855
5 87.628
6 105.957
2003
2004
III
Exports of goods and
services............................
Exports of goods1 .......................
Foods, feeds, and beverages....
Industrial supplies and
materials.................................
Durable goods.......................
Nondurable g oods................
Capital goods, except
automotive..............................
Civilian aircraft, engines, and
p a rts...................................
Computers, peripherals, and
p arts...................................
Other.......................................
Automotive vehicles, engines,
and p a rts ................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
Other............................................
Exports of services1....................
Transfers under U.S. military
agency sales contracts.........
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fe e s........
Other private services...............
Other............................................
Imports of goods and
services............................
Imports of goods1........................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products..........................
Durable goods.......................
Nondurable g oods................
Petroleum and products............
Capital goods, except
automotive.............................
Civilian aircraft, engines, and
p a rts...................................
Computers, peripherals, and
p a rts...................................
Other.......................................
Automotive vehicles, engines,
and p a rts ................................
Consumer goods, except
automotive.............................
Durable goods.......................
Nondurable goods................
Other............................................
Imports of services1....................
Direct defense expenditures....
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fe e s........
Other private services...............
Other............................................
Addenda:
Exports of durable goods..........
Exports of nondurable goods....
Exports of agricultural goods2
Exports of nonagricultural
goods......................................
Imports of durable goods..........
Imports of nondurable goods....
Imports of nonpetroleum goods
2005
IV
I
II
III
1 101.398 104.999
2 100.635 104.407
3 112.077 123.155
105.242
104.629
119.701
106.366 107.559 108.534 109.347
105.610 106.775 107.545 107.933
116.306 117.757 121.287 121.857
4 102.153
5 102.798
6 101.661
113.898
116.359
112.465
115.390
118.720
113.523
119.749
121.540
118.640
123.541
125.430
122.375
125.810
126.458
125.266
127.502
125.524
128.344
97.692
97.646
97.678
97.956
98.070
98.032
97.916
8 112.645
117.202
117.992
119.483
121.143
121.645
122.283
9
10
88.541
96.481
87.257
95.847
86.865
95.832
84.866
96.359
83.125
96.590
81.520
96.783
79.638
96.909
11
101.565
102.363
102.479
102.833
103.176
103.379
103.578
7
12 99.695 100.638 100.929
13 100.235 100.586 100.615
14 99.102 100.674 101.255
15 102.234 106.813 107.083
16 103.237 106.442 106.735
101.006 101.681 101.760 101.695
100.999 101.437 101.562 101.735
100.985 101.927 101.955 101.605
108.332 109.826 110.816 111.372
108.197 109.454 110.908 112.741
17
18
19
20
21
22
23
98.926
101.564
115.849
105.027
105.651
101.184
108.646
102.062
106.411
132.658
111.929
109.265
104.997
115.131
102.823
107.879
138.401
120.029
110.840
106.879
123.904
103.801
110.136
141.421
125.056
111.942
108.022
124.864
24
25
26
99.610 104.571 105.269 107.026 107.783 109.925
98.066 102.970 103.692 105.440 105.937 108.473
102.317 107.701 107.505 110.535 112.470 114.158
112.409
111.208
113.392
27 100.116
28 94.850
29 105.582
30 102.893
100.861
104.979
127.788
108.406
108.226
103.710
111.478
101.100
105.427
127.907
108.797
108.491
103.802
113.038
102.841
106.430
138.653
114.440
109.986
105.930
121.593
111.756
111.841
111.452
130.962
113.507
115.584
110.966
136.835
115.999
115.548
116.336
148.562
118.540
118.640
118.226
145.021
120.380 122.022
118.985 116.993
121.804 127.588
168.679 199.677
31
92.300
91.329
91.054
90.890
91.273
91.259
90.521
32
105.678
109.646
110.387
111.461
112.647
113.257
114.290
33
34
77.681
96.927
72.678
97.484
71.671
97.490
70.219
97.892
69.000
99.046
67.983
99.507
66.183
99.192
35
103.646
100.773
102.483
102.652
103.293
103.395
103.512
36 97.967
37 96.439
38 99.642
39 100.746
40 107.756
41 122.938
42 107.958
43 116.853
44 107.724
45 105.617
46 102.313
47 105.416
98.626
96.426
101.064
104.105
113.012
134.692
116.432
114.973
117.736
108.197
103.722
111.451
98.466
96.245
100.929
104.433
113.586
135.251
115.228
113.725
118.476
108.454
105.859
111.250
98.757
96.593
101.151
105.353
115.383
143.200
121.450
118.081
121.530
109.227
102.598
114.306
99.600
96.980
102.554
106.609
117.585
149.143
122.798
120.170
123.945
109.948
104.822
115.469
99.502
99.598
96.527
96.811
102.756 102.892
107.148 107.472
117.531 118.606
142.822 147.312
122.123 121.732
118.945 117.735
126.377 130.017
110.802 111.903
105.248 105.786
116.030 117.124
48
49
50
99.261
103.627
113.015
101.021
112.111
123.791
101.322
112.124
120.041
101.917
114.034
116.005
102.534 102.693
116.529 118.794
117.577 121.525
51
52
53
54
99.640
95.917
101.801
97.565
102.881
97.951
111.920
99.988
103.376
98.274
113.360
100.170
104.718 105.853
98.466 99.136
118.062 118.231
100.888 101.812
106.396
99.179
125.550
102.210
102.591
120.415
121.542
106.810
98.640
134.755
102.213
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 nonau
tomotive consumer goods.
National Data
D -3 6
Decem ber 2005
Table 4.2.6. Real Exports and Imports of Goods and Services by
Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Table 4.2.5. Exports and Imports of Goods and Services by
Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
E xports o f goods and
se rv ic e s ............................
Exports o f g o o d s1.......................
Foods, feeds, and beverages....
Industrial supplies and
materials.................................
Durable goods.......................
Nondurable goods................
Capital goods, except
automotive.............................
Civilian aircraft, engines, and
parts...................................
Computers, peripherals, and
parts...................................
O th er......................................
Automotive vehicles, engines,
and p a rts................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
O th er...........................................
Exports o f s e rvice s1 ...................
Transfers under U.S. military
agency sales contracts.........
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fees........
Other private services..............
O th er...........................................
Im ports o f goods and
se rvice s.............................
Im ports o f g o o d s1 .......................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products..........................
Durable goods.......................
Nondurable goods................
Petroleum and products...........
Capital goods, except
automotive..............................
Civilian aircraft, engines, and
parts...................................
Computers, peripherals, and
parts...................................
O ther......................................
Automotive vehicles, engines,
and parts................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
O ther...........................................
Im ports o f s e rvice s1....................
Direct defense expenditures....
Travel...........................................
Passenger fares.........................
Other transportation.................
Royalties and license fees........
Other private services..............
O th er...........................................
Addenda:
Exports of durable g oods.........
Exports of nondurable g oods...
Exports of agricultural goods2
Exports of nonagricultural
goods......................................
Imports of durable goods..........
Imports of nondurable goods....
Imports of nonpetroleum goods
Seasonally adjusted at annual rates
Line
2005
IV
I
II
1
2
3
1,045.6
724.3
55.0
1,173.8
818.1
56.6
1,183.8
829.7
55.6
1,217.1
845.0
57.4
1,253.2
865.4
56.8
1,297.1
904.7
62.7
1,309.6
914.6
59.7
4
5
6
168.3
57.3
111.0
199.5
67.8
131.7
202.7
68.8
134.0
211.2
71.9
139.3
218.0
73.9
144.1
230.3
78.0
152.3
230.7
81.1
149.6
7
293.6
331.5
336.7
337.3
341.7
360.6
363.3
8
46.7
50.0
52.3
50.9
53.9
63.7
59.4
9
10
39.9
207.0
42.8
238.7
43.4
241.0
43.6
242.8
44.0
243.9
45.8
251.1
46.7
257.2
11
80.7
89.3
92.3
93.7
94.8
93.9
98.7
12
13
14
15
16
89.9
46.1
43.9
36.8
321.3
103.1
53.8
49.3
38.2
355.7
103.8
55.1
48.7
38.6
354.1
108.2
57.1
51.2
37.2
372.1
113.2
60.0
53.2
40.9
387.7
114.1
61.4
52.8
43.0
392.5
116.0
63.9
52.2
46.3
395.0
17
18
19
20
21
22
23
12.2
64.3
15.7
31.3
48.1
136.2
13.4
14.1
74.5
18.9
36.9
52.6
145.4
13.3
13.7
74.7
19.6
36.5
51.8
144.4
13.4
13.5
76.9
19.1
38.6
57.8
152.7
13.7
17.3
80.3
20.5
40.5
59.7
155.5
14.0
17.1
86.5
21.2
41.7
59.0
152.8
14.1
18.1
84.0
21.3
42.5
60.6
154.3
14.3
24
25
26
1,546.5
1,283.9
55.8
1,797.8
1,495.9
62.1
1,821.8
1,515.0
61.9
1,902.5
1,588.4
64.3
1,950.6
1,627.6
66.3
1,988.1
1,661.8
67.3
2,043.8
1,717.7
69.2
27
28
29
30
174.4
83.8
90.6
133.1
225.1
119.2
105.9
180.5
235.9
126.4
109.5
180.5
246.2
133.2
113.0
215.1
253.3
136.1
117.2
211.7
253.6
135.5
118.1
229.6
254.5
128.2
126.3
269.6
31
295.8
343.5
351.1
357.7
363.0
383.6
384.1
32
24.1
24.3
24.0
27.7
25.6
28.2
24.4
33
34
76.5
195.2
88.6
230.5
91.0
236.0
91.3
238.8
92.1
245.3
93.7
261.7
94.2
265.6
35
210.2
228.2
230.1
232.5
232.7
232.3
242.5
36
37
38
39
40
41
42
43
44
45
46
47
334.0
171.1
162.9
80.6
262.6
25.3
57.4
21.0
44.7
19.4
86.2
8.6
373.1
197.6
175.4
83.4
301.9
29.3
65.6
23.7
54.2
23.9
95.7
9.5
370.4
196.6
173.7
85.1
306.8
29.7
66.4
23.6
54.5
26.4
96.6
9.7
387.6
208.8
178.8
85.0
314.1
29.5
66.6
24.7
57.9
24.7
101.0
9.7
408.3
221.1
187.2
92.3
323.0
30.5
68.0
25.3
61.1
25.6
102.9
9.8
408.3
215.7
192.6
87.2
326.3
30.4
70.8
26.4
56.9
25.4
106.7
9.8
404.0
220.5
183.6
93.7
326.1
30.3
68.5
25.6
57.3
26.0
108.4
9.9
48
49
50
496.1
228.2
60.9
561.4
256.7
62.9
572.1
257.6
61.6
578.5
266.5
62.6
590.9
274.5
62.3
615.3
289.3
68.6
630.0
284.6
67.1
51
52
53
54
663.4
801.2
482.7
1,150.8
755.1
930.2
565.7
1,315.4
768.1
946.8
568.2
1,334.5
782.5
974.7
613.7
1,373.3
803.1
999.0
628.6
1,415.9
836.1
1,010.7
651.1
1,432.2
847.5
1,022.2
695.5
1,448.1
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 ■>f nondurable nonau
tomotive consumer goods.
2003
2004
III
Exports o f goods and
s e rvice s............................
Exports o f g o o d s1 .......................
Foods, feeds, and beverages....
Industrial supplies and
materials.................................
Durable goods.......................
Nondurable goods................
Capital goods, except
automotive..............................
Civilian aircraft, engines, and
p a rts...................................
Computers, peripherals, and
parts2..................................
Other.......................................
Automotive vehicles, engines,
and p a rts................................
Consumer goods, except
automotive..............................
Durable g oods.......................
Nondurable goods................
Other............................................
Exports of se rvice s1....................
Transfers under U.S. military
agency sales contracts.........
Travel...........................................
Passenger fares.........................
Other transportation...................
Royalties and license fe e s........
Other private services...............
Other............................................
Residual...........................................
Im ports of goods and
s e rvice s.............................
Im ports of g o o d s1........................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products..........................
Durable g oods.......................
Nondurable goods................
Petroleum and products............
Capital goods, except
automotive.............................
Civilian aircraft, engines, and
p a rts...................................
Computers, peripherals, and
parts2..................................
Other.......................................
Automotive vehicles, engines,
and p a rts ................................
Consumer goods, except
automotive..............................
Durable goods.......................
Nondurable goods................
Other............................................
Im ports o f s e rvice s1....................
Direct defense expenditures....
Travel...........................................
Passenger fares.........................
Other transportation..................
Royalties and license fe e s........
Other private services...............
Other............................................
Residual...........................................
Addenda:
Exports of durable goods..........
Exports of nondurable goods....
Exports of agricultural goods3
Exports of nonagricultural
goods......................................
Imports of durable goods..........
Imports of nondurable goods....
Imports of nonpetroleum goods
2004
2005
III
IV
I
II
III
1
2
3
1,031.2
719.7
49.1
1,117.9
783.6
45.9
1,125.0
793.1
46.3
1,144.5
800.3
49.2
1,165.3
810.7
48.1
1,195.4
841.3
51.5
1,197.9
847.5
48.8
4
5
6
164.7
55.7
109.1
175.2
58.3
117.1
175.8
57.9
118.0
176.4
59.1
117.5
176.5
59.0
117.8
183.2
61.7
121.7
181.0
64.7
116.6
7
300.6
339.5
344.7
344.3
348.5
367.9
371.0
8
41.5
42.6
44.3
42.6
44.5
52.4
48.6
9
10
214.5
249.0
251.5
252.0
252.5
259.5
265.4
11
79.4
87.2
90.1
91.1
91.9
90.8
95.3
12
13
14
15
16
90.2
46.0
44.2
36.0
311.2
102.4
53.4
49.0
35.7
334.1
102.9
54.7
48.1
36.0
331.8
107.1
56.5
50.7
34.4
344.0
111.3
59.2
52.1
37.3
354.3
112.2
60.4
51.8
38.8
353.9
114.1
62.8
51.4
41.6
350.4
17
18
19
20
21
22
23
24
12.3
63.4
13.5
29.8
45.6
134.6
12.3
-0.9
14.0
70.9
14.8
34.0
48.6
140.2
11.9
-3.8
13.5
70.9
15.4
33.6
47.7
139.1
11.8
-3.9
13.2
72.2
14.4
34.5
52.9
145.4
11.9
-4.4
16.8
75.4
14.8
35.4
54.2
146.8
11.5
-4.9
16.7
80.2
15.3
34.8
53.2
143.0
11.4
-3.9
17.4
76.2
15.1
34.0
54.1
142.8
11.4
-6.9
25
26
27
1,552.6
1,309.2
54.6
1,719.2
1,452.7
57.7
1,731.5
1,461.9
57.6
1,778.6
1,507.3
58.2
1,810.7
1,537.3
58.9
1,809.6
1,532.9
58.9
1,819.1
1,545.5
61.0
28
29
30
31
174.2
88.3
85.8
129.3
201.5
106.6
95.1
137.8
208.3
109.7
98.8
131.9
212.6
115.6
97.2
144.8
214.1
115.0
99.3
146.0
211.1
114.2
97.1
136.1
209.0
109.9
99.1
135.0
32
320.5
376.1
385.5
393.5
397.6
420.3
424.3
33
22.8
22.2
21.8
24.9
22.8
25.0
21.4
34
35
201.4
236.5
242.1
243.9
247.6
263.0
267.7
36
208.6
222.7
224.1
225.1
225.1
224.5
234.0
37
38
39
40
41
42
43
44
45
46
47
48
49
340.9
177.4
163.5
80.0
243.7
20.6
53.2
17.9
41.5
18.4
84.3
8.2
-1.7
378.3
205.0
173.6
80.1
267.1
21.8
56.4
20.6
46.0
22.1
92.2
8.5
-7.7
376.1
204.3
172.1
81.5
270.2
21.9
57.6
20.7
46.0
24.3
91.2
8.7
-9.6
392.4
216.1
176.8
80.7
272.3
20.5
54.9
21.0
47.7
22.6
98.4
8.5
-8.0
409.9
227.9
182.6
86.6
274.8
20.4
55.3
21.0
49.3
23.3
98.2
8.5
-10.4
409.9
222.8
187.4
81.4
277.7
21.3
57.9
22.2
45.0
22.9
101.4
8.4
-17.5
406.1
228.4
178.4
87.2
275.0
20.5
56.3
21.7
44.1
23.2
102.5
8.4
-21.7
50
51
52
499.8
220.2
53.9
555.7
229.0
50.8
564.7
229.8
51.2
567.7
233.8
53.8
576.4
235.6
52.9
599.3
243.6
56.3
614.2
236.4
55.0
53
54
55
56
665.8
835.3
474.2
1,179.5
734.0
949.7
505.4
1,315.6
743.2
963.6
501.6
1,332.5
747.4
990.1
520.2
1,361.5
758.9
1,007.8
532.1
1,391.0
786.0
1,019.2
519.0
1,401.6
793.7
1,036.5
516.5
1,417.1
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. The quantity index for computers can be used to accurately measure the real growth of this component. However,
because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates
should not be used to measure the component's relative importance or its contribution to the growth rate of more aggregate
series; accurate estimates of these contributions are shown in table 4.2.2. and real growth rates are shown in table 4.2.1.
3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonau
tomotive consumer goods.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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. For exports and for imports, the
residual line is the difference between the aggregate line and the sum of the most detailed lines.
D -3 7
Su r v e y o f C u r r e n t B usin ess
Decem ber 2005
5. Saving and Investment
Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed
Investment by Type
Table 5.1. Saving and Investment
[Billions of dollars]
[Percent]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Gross saving........................
Net saving.....................................
Net private saving......................
Personal saving.....................
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments
Undistributed profits
,
Inventory valuation
adjustment.....................
Capital consumption
adjustment.....................
Wage accruals less
disbursements...................
Net government saving.............
Federal...................................
State and local.......................
Consumption of fixed capital....
Private.........................................
Domestic business...............
Households and institutions
Government................................
Federal...................................
State and local.......................
Gross domestic
investment, capital
account transactions,
and net lending, NIPAs...
Gross domestic investment..........
Gross private domestic
investment..............................
Gross government investment
Capital account transactions
(net)1...........................................
Net lending or net borrowing (-),
NIPAs...........................................
Statistical discrepancy.....
Addenda:
Gross private saving.................
Gross government saving.........
Federal...................................
State and local.......................
Net domestic investment..........
Gross saving as a percentage
of gross national income...
Net saving as a percentage of
gross national incom e......
Seasonally adjusted at annual rates
2005
I
IV
III
II
1
2
3
4
1,474.1
142.7
549.3
172.8
1,572.0
136.8
549.1
151.8
1,590.1
56.0
486.9
104.6
1,617.0
174.9
542.6
205.4
1,635.5
187.1
478.1
47.4
1,628.4
171.2
447.2
-21.5
1,674.0
-120.5
285.5
-132.9
5
6
376.5
281.9
397.3
295.2
382.3
283.4
337.2
241.8
430.7
520.8
468.7
533.4
418.4
512.3
7
-13.3
-39.6
-36.9
-44.4
-39.1
-18.9
-27.4
8
107.9
141.8
135.8
139.8
-51.0
-45.8
-66.5
9
10
11
12
13
14
15
16
17
18
19
0.0
-406.5
-382.7
-23.8
1,331.3
1,112.8
911.5
201.3
218.5
90.3
128.3
0.0
-412.3
-406.5
-5.9
1,435.3
1,206.2
973.3
232.8
229.1
93.8
135.3
0.0
-430.9
-411.6
-19.3
1,534.1
1,303.5
1,032.0
271.5
230.6
94.2
136.4
0.0
-367.7
-371.6
4.0
1,442.0
1,207.6
978.4
229.2
234.5
95.9
138.6
0.0
-290.9
-298.3
7.4
1,448.4
1,210.9
980.4
230.5
237.5
96.9
140.6
0.0
-276.1
-297.3
21.3
1,457.2
1,216.9
984.5
232.4
240.4
97.7
142.6
0.0
-406.0
-403.2
-2.8
1,794.4
1,534.5
1,145.3
389.2
259.9
99.1
160.8
20
21
1,521.1
2,025.6
1,648.9
2,300.6
1,680.9
2,334.0
1,647.6
2,386.2
1,675.0
2,441.9
1,706.6
2,453.5
1,746.4
2,501.9
22
23
1,670.4
355.3
1,928.1
372.5
1,961.2
372,9
2,004.5
381.7
2,058.5
383.4
2,054.4
399.1
2,097.6
404.3
24
3.2
1.6
1.6
1.8
17.3
0.5
25
26
-507.7
47.1
-653.4
76.8
-654.7
90.8
-740.4
30.6
-784.3
39.4
-747.3
78.3
72.5
1,820.0
-146.1
-304.1
158.0
707.4
27
28
29
30
31
1,662.1
-188.0
-292.5
104.5
694.3
1,755.3
-183.2
-312.7
129.4
865.3
1,790.4
-200.3
-317.3
117.1
799.9
1,750.2
-133.2
-275.7
142.5
944.2
1,688.9
-53.4
-201.4
148.0
993.5
1,664.1
-35.7
-199.6
163.9
996.3
32
13.4
13.4
13.5
13.5
13.4
13.2
13.3
33
1.3
1.2
0.5
1.5
1.5
1.4
-1.0
1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
Line
2003
2004
2004
III
Private fixed investment....
Nonresidential...............................
Structures..................................
Commercial and health care
Manufacturing........................
Power and communication....
Mining exploration, shafts,
and wells............................
Other structures1..................
Equipment and software........
Information processing
equipment and software...
Computers and peripheral
equipment......................
Software2...........................
Other3.................................
Industrial equipment.............
Transportation equipment....
Other equipment4..................
Residential.....................................
Structures..................................
Permanent site.......................
Single fam ily......................
Multifamily..........................
Other structures5...................
Equipment.................................
Addenda:
Private fixed investment in
structures................................
Private fixed investment in
equipment and software.......
Private fixed investment in new
structures6..............................
Nonresidential structures.....
Residential structures...........
2005
IV
I
II
III
1
2
3
4
5
6
3.6
1.3
-4.2
-6.4
-7.4
-14.1
9.7
9.4
2.2
2.2
4.8
-11.7
8.4
11.8
1.4
-1.7
16.3
8.5
7.2
10.4
4.7
-8.4
94.2
-5.8
7.0
5.7
-2.0
3.3
9.9
4.5
9.5
8.8
2.7
0.5
-2.9
-22.8
8.6
8.8
2.7
3.4
-13.8
-13.7
7
8
9
17.4
-4.1
3.2
16.4
0.5
11.9
-5.8
6.3
15.5
32.7
-3.5
12.4
-3.9
-17.1
8.3
40.9
-8.2
10.9
17.7
0.7
10.8
10
5.1
13.6
8.4
9.2
20.3
14.5
12.3
11
12
13
14
15
16
17
18
19
20
21
22
23
12.6
3.6
3.2
0.3
-2.3
6.3
8.4
8.4
9.8
10.7
2.6
6.4
5.5
27.5
7.4
13.7
3.4
12.7
14.8
10.3
10.3
12.0
12.8
4.2
7.6
10.2
22.6
6.8
3.4
27.3
19.2
23.1
2.6
2.5
5.6
5.0
11.3
-2.3
10.8
39.9
6.1
-1.5
4.8
32.8
10.2
1.6
1.5
0.6
0.0
6.8
3.0
8.8
45.5
15.2
13.0
18.8
-11.2
-10.0
9.5
9.6
14.2
11.3
45.3
2.3
-0.3
31.7
20.1
0.5
-18.9
27.4
18.5
10.8
11.0
3.8
3.6
5.1
23.9
1.2
12.7
12.9
11.5
16.6
12.4
0.6
8.4
8.5
9.1
9.6
4.6
7.6
1.8
24
3.9
7.6
2.2
2.5
5.9
8.4
6.7
25
3.3
11.9
15.5
12.4
8.2
10.8
10.8
26
27
28
3.2
-4.2
7.9
6.7
2.1
9.3
3.7
1.4
4.9
3.3
5.2
2.3
7.4
-2.1
12.6
2.6
2.7
2.6
6.3
2.7
8.2
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
D -3 8
N a tio n a l D a ta
Table 5.3.2. Contributions to Percent Change in Real Private Fixed
Investment by Type
D ecem ber 2005
Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted at annual rates
Line
2003
2004
2004
2005
IV
III
Percent change at annual rate:
Private fixed investment....
Percentage points at annual
rates:
Nonresidential..............................
Structures.................................
Commercial and health care
Manufacturing........................
Power and communication...
Mining exploration, shafts,
and w e lls...........................
Other structures1...................
Equipment and software........
Information processing
equipment and software...
Computers and peripheral
equipm ent.....................
Software2 ..........................
Other3.................................
Industrial equipment.............
Transportation equipment....
Other equipment4.................
Residential....................................
Structures.................................
Permanent s ite ......................
Single fam ily......................
M ultifam ily.........................
Other structures5...................
Equipment.................................
Addenda:
Private fixed investment in
structures................................
Private fixed investment in
equipment and software.......
Private fixed investment in new
structures6.............................
Nonresidential structures.....
Residential structures...........
Line
II
I
9.7
8.4
7.2
7.0
9.5
8.6
2
3
4
5
6
0.85
-0.75
-0.48
-0.08
-0.45
6.07
0.37
0.15
0.05
-0.31
7.44
0.23
-0.11
0.14
0.17
6.59
0.75
-0.57
0.69
-0.12
3.64
-0.32
0.21
0.11
0.09
5.66
0.44
0.03
-0.03
-0.51
5.58
0.45
0.21
-0.16
-0.27
/
8
9
0.41
-0.15
1.60
0.46
0.02
5.71
-0.18
0.21
7.21
0.87
-0.12
5.83
-0.13
-0.60
3.96
1.21
-0.26
5.22
0.64
0.02
5.14
10
1.27
3.25
2.01
2.15
4.43
3.31
2.85
11
12
13
14
15
16
17
18
19
20
21
22
23
0.58
0.37
0.31
0.02
-0.19
0.50
2.74
2.71
1.89
1.84
0.06
0.82
0.03
1.23
0.74
1.28
0.28
0.99
1.19
3.62
3.57
2.55
2.46
0.09
1.02
0.05
1.03
0.65
0.33
1.93
1.46
1.81
0.98
0.93
1.25
1.02
0.23
-0.31
0.05
1.71
0.58
-0.14
0.38
2.45
0.85
0.59
0.55
0.14
0.00
0.14
0.41
0.04
1.94
1.35
1.14
1.40
-0.99
-0.88
3.36
3.36
3.06
2.23
0.83
0.31
0.00
1.46
1.80
0.05
-1.62
2.07
1.46
3.88
3.88
0.87
0.75
0.12
3.01
0.01
0.63
1.21
1.01
1.21
1.02
0.06
3.05
3.04
2.01
1.91
0.10
1.04
0.01
3.94
1.16
1.30
25
26
27
28
1.63
5.75
7.26
1.45
-0.75
2.20
3.15
0.35
2.80
1.74
0.23
1.51
3.04
4.32
5.87
3.96
5.23
5.14
1.55
0.83
0.72
3.42
-0.33
3.75
1.27
0.43
0.84
2.94
0.44
2.51
3.49
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers'
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers' commissions on the sale of structures.
2004
III
3.6
1.96
2004
III
1
24
2003
Private fixed investment....
Nonresidential...............................
Structures..................................
Commercial and health care
Manufacturing........................
Power and communication....
Mining exploration, shafts,
and wells............................
Other structures1..................
Equipment and software........
Information processing
equipment and software...
Computers and peripheral
equipment......................
Software2...........................
Other3.................................
Industrial equipm ent.............
Transportation equipment....
Other equipment4..................
Residential.....................................
Structures..................................
Permanent site.......................
Single fam ily......................
Multifamily..........................
Other structures5..................
Equipment.................................
Addenda:
Private fixed investment in
structures................................
Private fixed investment in
equipment and software.......
Private fixed investment in new
structures6.............................
Nonresidential structures.....
Residential structures...........
1
2
3
4
5
6
11
12
13
14
15
16
17
18
19
20
21
22
23
IV
I
II
III
95.297 104.534 106.027 107.880 109.722 112.252 114.601
88.063 96.314 97.790 100.246 101.633 103.806 106.008
77.621
79.314
79.635 80.554 80.145 80.680 81.225
75.693 76.307 76.404
74.713 76.354 77.374
77.046
48.525 50.864 49.188 58.065
59.452 59.019 56.870
74.744 73.642
86.420
76.316
74.454 69.782
67.251
7 106.049 123.477 122.996
77.197
8 76.785
78.722
9 92.154 103.126 105.087
10
2005
98.314
132.002
78.030
108.201
130.707 142.413 148.331
74.460 72.888 73.009
110.376 113.274 116.228
112.898
115.408
120.857
125.013
128.692
120.846 154.137 156.641
99.752 107.171 107.845
87.466 99.409 100.550
84.716 87.556 89.695
76.507 86.219 88.787
99.599 114.335 117.561
113.989 125.714 127.267
114.051 125.784 127.341
114.874 128.605 130.454
115.115 129.876 131.746
112.735 117.433 119.089
112.777 121.390 122.479
109.868 121.085 122.387
170.366
109.464
100.162
90.762
95.313
120.448
127.772
127.819
130.654
131.747
121.052
123.390
124.989
187.116
113.411
103.280
94.766
92.529
117.325
130.695
130.781
135.073
135.332
132.906
124.080
124.882
200.445
118.726
103.420
89.922
98.301
122.398
134.100
134.226
136.336
136.549
134.579
130.919
125.251
206.513
122.370
106.272
93.436
101.221
122.594
136.836
136.990
139.323
139.701
136.107
133.333
125.800
113.589
111.723
24
98.756
106.293
107.335
107.995
109.546
111.766
25
92.298
103.272
105.228
108.338
110.496
113.373
116.308
26
27
28
96.887
77.844
112.594
103.392
79.452
123.099
104.198
79.745
124.319
105.045
80.761
125.033
106.933 107.626
80.340 80.869
128.809 129.639
109.276
81.401
132.224
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers'
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
D ecem ber 2005
S u r v e y o f C u r r e n t B usiness
Table 5.3.4. Price Indexes for Private Fixed Investment by Type
[Index numbers, 2000=100]
D -3 9
Table 5.3.5. Private Fixed Investment by Type
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted
Line
2003
2004
2004
III
1
2
3
4
5
6
IV
I
103.432 106.697 107.248 107.831 108.522
99.764 101.025 101.185 101.455 102.244
113.889 120.124 121.159 122.827 125.876
109.357 116.112 117.373 118.912 120.213
108.466 113.535 114.475 116.655 117.930
107.739 111.944 113.169 114.659 116.260
7 157.945
8 109.340
9 95.133
167.444
114.805
95.022
88.257
167.608
115.836
94.945
170.310
117.171
94.854
183.991
118.366
95.067
II
Line
109.254 110.077
102.715 103.318
128.886 133.598
122.191 124.408
119.871 122.048
117.815 118.697
194.012 213.992
120.104 122.126
94.910 94.517
85.559
85.388
84.540
83.958
83.222
82.432
63.273 58.577
96.735 94.540
95.186
93.659
101.662 104.261
103.914 109.542
103.174 104.117
112.379 119.935
112.637 120.357
113.538 122.059
113.939 122.771
110.228 116.000
111.267 117.728
96.797 94.208
57.991
94.704
93.484
104.589
109.002
104.426
121.312
121.765
123.702
124.411
117.242
118.763
93.639
56.274
93.892
93.418
105.639
109.839
104.975
122.574
123.050
124.574
125.311
117.886
120.719
93.426
53.972
94.243
93.564
106.962
110.053
106.952
123.062
123.509
124.574
125.311
117.886
121.926
95.785
51.837
94.354
93.436
108.209
109.319
108.165
124.359
124.809
126.145
126.891
119.372
122.789
96.867
49.997
94.206
93.152
108.449
108.919
108.682
125.660
126.123
127.970
128.727
121.100
123.294
97.359
24
113.204
120.461
121.756
123.162
124.417
126.236
128.568
25
95.145
95.011
94.930
94.838
95.070
94.924
94.538
26
27
28
113.198
113.941
112.513
120.753
120.218
120.741
122.153
121.260
122.326
123.424
122.941
123.380
124.614
126.002
123.605
126.690
129.028
125.196
129.516
133.759
127.058
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers' commissions on the sale of structures.
Private fixed investment....
Nonresidential...............................
Structures..................................
Commercial and health care
Manufacturing........................
Power and communication....
Mining exploration, shafts,
and wells............................
Other structures1..................
Equipment and software........
Information processing
equipment and software...
Computers and peripheral
equipment......................
Software2...........................
Other3.................................
Industrial equipment.............
Transportation equipment....
Other equipment4..................
Residential.....................................
Structures..................................
Permanent site.......................
Single fam ily......................
Multifamily..........................
Other structures5...................
Equipment.................................
Addenda:
Private fixed investment in
structures................................
Private fixed investment in
equipment and software.......
Private fixed investment in new
structures6.............................
Nonresidential structures.....
Residential structures...........
2004
2004
2005
II
III
1
2
3
4
5
6
1,654.9
1,082.4
276.9
112.4
16.7
43.6
1,872.6
1,198.8
298.4
121.9
18.4
40.0
1,908.7
1,219.0
302.1
124.9
17.9
39.6
1,952.6
1,252.9
309.8
123.8
21.5
39.6
1,998.7
1,280.1
315.9
126.2
22.3
40.6
2,058.5
1,313.5
325.6
128.4
22.5
38.5
2,117.4
1,349.3
339.8
131.8
22.1
37.4
7
8
9
45.5
58.7
805.6
56.2
61.9
900.4
56.0
63.7
916.9
61.1
63.8
943.1
65.3
61.5
964.3
75.0
61.1
987.9
86.2
62.3
1,009.5
10
405.7
447.0
450.9
456.3
474.6
486.6
496.2
11
12
13
14
15
16
17
18
19
20
21
22
23
77.6
170.0
158.2
137.1
127.9
134.8
572.5
564.7
345.7
310.6
35.1
219.0
7.8
91.6
178.5
176.9
145.3
151.9
156.2
673.8
665.4
416.1
377.6
38.5
249.4
8.4
92.3
179.9
178.6
149.3
155.6
161.0
689.7
681.3
427.6
388.1
39.5
253.7
8.4
97.5
181.1
177.8
152.6
168.4
165.8
699.7
691.1
431.2
390.9
40.3
259.8
8.6
102.7
188.3
183.6
161.3
163.8
164.6
718.5
709.7
445.8
401.6
44.3
263.9
105.6
197.3
183.6
154.9
172.8
173.7
745.0
736.1
455.7
410.3
45.4
280.4
8.9
105.0
203.1
188.1
161.3
177.3
174.8
768.2
759.2
472.4
425.8
46.6
286.8
9.0
24
841.5
963.8
983.4
1,000.9
1,025.6
1,061.7
1,098.9
25
813.4
908.8
925.3
951.7
973.1
996.9
1,018.5
903.6
309.8
593.8
928.7
315.9
612.8
950.3
325.6
624.7
986.4
339.8
646.6
III
11
12
13
14
15
16
17
18
19
20
21
22
23
10
2003
26
27
28
764.6
276.9
487.7
870.4
298.1
572.2
III
IV
I
887.1
301.8
585.3
CO
GO
Private fixed investment....
Nonresidential..............................
Structures.................................
Commercial and health care
Manufacturing........................
Power and communication...
Mining exploration, shafts,
and w e lls...........................
Other structures1...................
Equipment and software........
Information processing
equipment and software...
Computers and peripheral
equipm ent.....................
Software2 ..........................
Other3.................................
Industrial equipment.............
Transportation equipment....
Other equipment4.................
Residential....................................
Structures.................................
Permanent s ite ......................
Single fam ily......................
M ultifamily.........................
Other structures5...................
Equipment.................................
Addenda:
Private fixed investment in
structures................................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures6..............................
Nonresidential structures.....
Residential structures...........
2005
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers'
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
D -4 0
D ecem ber 2005
N a tio n a l D a ta
Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars
[Billions of chained (2000) dollars]
Table 5.6.5B. Change in Private Inventories by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
Private fixed in ve stm e n t....
N o nre sid en tia l..............................
S tru c tu re s .................................
Commercial and health care
Manufacturing........................
Power and communication...
Mining exploration, shafts,
and w e lls...........................
Other structures1...................
Equipm ent and softw are........
Information processing
equipment and software...
Computers and peripheral
equipment2....................
Software3 ..........................
Other4.................................
Industrial equipment.............
Transportation equipment....
Other equipment5.................
R esid en tia l....................................
S tru c tu re s.................................
Permanent s ite ......................
Single fam ily......................
Multifam ily.........................
Other structures6...................
E quipm ent.................................
Residual..........................................
Addenda:
Private fixed investment in
structures................................
Private fixed investment in
equipment and software.......
Private fixed investment in new
structures7..............................
Nonresidential structures.....
Residential structures...........
2003
2004
2004
Seasonally adjusted at annual rates
Line
2005
III
IV
I
II
III
1
2
3
4
5
6
1,600.0
1,085.0
243.1
102.8
15.4
40.5
1,755.1
1,186.7
248.4
105.0
16.2
35.7
1,780.2
1,204.8
249.4
106.4
15.6
35.0
1,811.3
1,235.1
252.3
104.1
18.5
34.5
1,842.2
1,252.2
251.0
105.0
18.9
34.9
1,884.7
1,279.0
252.7
105.1
18.8
32.7
1,924.1
1,306.1
254.4
106.0
18.1
31.5
7
8
9
28.8
53.6
846.8
33.5
53.9
947.6
33.4
55.0
965.6
35.9
54.5
994.2
35.5
52.0
1,014.2
38.7
50.9
1,040.9
40.3
51.0
1,068.0
10
459.7
522.4
527.9
539.7
565.1
584.6
601.8
11
12
13
14
15
16
17
18
19
20
21
22
23
24
175.7
166.2
134.9
123.1
130.7
509.4
501.3
304.5
272.6
31.9
196.8
8.1
-3.7
188.8
188.9
139.4
138.7
150.0
561.8
552.9
340.9
307.5
33.2
211.8
8.9
-12.8
190.0
191.1
142.8
142.8
154.3
568.8
559.7
345.8
312.0
33.7
213.7
9.0
-13.5
192.8
190.3
144.5
153.3
158.0
571.0
561.8
346.3
312.0
34.2
215.3
9.2
-18.6
199.8
196.3
150.9
148.8
153.9
584.1
574.8
358.0
320.5
37.6
216.5
9.2
-27.4
209.1
196.5
143.2
158.1
160.6
599.3
590.0
361.4
323.3
38.0
228.4
9.2
-31.2
215.6
201.9
148.8
162.8
160.9
611.5
602.1
369.3
330.8
38.5
232.7
9.3
-33.6
25
743.4
800.1
807.9
812.9
824.6
841.3
855.0
26
854.9
956.6
974.7
1,003.5
1,023.5
1,050.1
1,077.3
27
28
29
675.4
243.0
433.5
720.8
248.0
473.9
726.4
248.9
478.6
732.3
252.1
481.4
745.5
250.8
495.9
750.3
252.4
499.1
761.8
254.1
509.1
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. The quantity index for computers can be used to accurately measure the real growth rate of this component. However,
because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates
should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate
series; accurate estimates of these contributions are shown in table 5.3.2 and real growth rates are shown in table 5.3.1.
3. Excludes software “embedded,” or bundled, in computers and other equipment.
4. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
6. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers'
commissions on the sale of residential structures.
7. Excludes net purchases of used structures and brokers' commissions on the sale of structures.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 differ
ence between the first line and the sum of the most detailed lines.
Change in private
inventories........................
Farm ................................................
Mining, utilities, and construction
Manufacturing.................................
Durable goods industries..........
Nondurable goods industries....
Wholesale trade.............................
Durable goods industries , ...
Nondurable goods industries....
Retail tra d e .....................................
Motor vehicle and parts dealers
Food and beverage stores
General merchandise stores ...
Other retail stores......................
Other industries.............................
Addenda:
Change in private inventories...
Durable goods industries
Nondurable goods industries
Nonfarm industries....................
Nonfarm change in book
value1.................................
Nonfarm inventory valuation
adjustment2 .......................
Wholesale trade.........................
Merchant wholesale trade ...
Durable goods industries
Nondurable goods
industries.......................
Nonmerchant wholesale
trade...................................
2003
2004
2004
2005
III
IV
I
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
15.4
0.2
5.7
-8.0
-5.6
-2.3
1.0
1.4
-0.4
16.8
12.5
-1.0
0.9
4.4
-0.3
55.4
3.2
2.2
6.3
5.3
1.0
24.6
20.9
3.7
15.6
3.9
0.6
3.9
7.2
3.5
52.5
7.0
8.6
6.3
8.6
-2.4
36.4
29.2
7.2
-10.3
-16.4
-0.2
1.5
4.8
4.4
51.9
-3.0
4.2
2.0
2.9
-1.0
27.3
18.6
8.8
17.5
-3.2
0.6
6.8
13.2
3.8
59.9
-6.5
2.7
27.7
19.8
7.9
25.2
16.0
9.2
7.2
-4.4
-0.4
5.6
6.5
3.5
-4.2
-8.5
6.7
-9.0
-3.2
-5.8
17.7
14.2
3.5
-14.2
-23.9
0.5
0.9
8.4
3.1
-19.8
-9.4
-6.3
-3.9
7.7
-11.6
11.6
8.8
2.8
-12.9
-16.5
-0.4
4.0
0.0
1.1
16
17
18
19
15.4
12.4
3.0
15.2
55.4
37.4
18.0
52.2
52.5
26.9
25.6
45.4
51.9
29.9
22.0
54.8
59.9
35.0
24.9
66.4
-4.2
-7.3
3.1
4.3
-19.8
3.3
-23.1
-10.4
20
33.7
105.8
90.3
117.9
109.6
32.8
38.4
21
22
23
24
-18.4
1.0
1.3
1.7
-53.7
24.6
22.3
19.5
-44.8
36.4
33.1
25.9
-63.1
27.3
28.3
19.5
-43.2
25.2
19.1
12.2
-28.5
17.7
17.1
14.5
-48.9
11.6
11.0
6.9
25
-0.4
2.8
7.2
8.8
6.9
2.6
4.1
26
-0.3
2.3
3.4
-0.9
6.1
0.6
0.6
1. This series is derived from the Census Bureau series “current cost inventories."
2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA
in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories derived primarily
from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from
Internal Revenue Service statistics.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
Table 5.6.6B. Real Change in Private Inventories by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
Change in private
inventories........................
Farm ................................................
Mining, utilities, and construction
Manufacturing.................................
Durable goods industries..........
Nondurable goods industries....
Wholesale trade..............................
Durable goods industries..........
Nondurable goods industries....
Retail tra d e .....................................
Motor vehicle and parts dealers
Food and beverage stores........
General merchandise stores....
Other retail stores......................
Other industries..............................
Residual..........................................
Addenda:
Change in private inventories...
Durable goods industries.....
Nondurable goods industries
Nonfarm industries....................
Wholesale trade.........................
Merchant wholesale trade....
Durable goods industries
Nondurable goods
industries.......................
Nonmerchant wholesale
trade...................................
2003
2004
2004
2005
III
IV
I
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
15.5
0.2
5.1
-7.6
-5.6
-2.0
1.2
1.4
-0.1
16.8
12.9
-1.0
0.9
4.4
-0.3
-0.4
52.0
2.3
1.7
6.1
5.0
1.2
23.3
20.3
3.6
15.4
4.1
0.5
3.7
7.0
3.5
-0.9
50.4
6.3
7.1
6.5
8.2
-1.5
34.4
28.2
6.8
-10.2
-17.0
-0.2
1.4
4.6
4.3
2.2
50.1
-0.2
3.3
1.5
2.7
-1.0
25.6
17.7
8.0
17.0
-3.2
0.6
6.6
12.6
3.8
-0.8
58.2
-2.3
2.0
25.1
18.2
7.1
23.3
15.2
8.1
7.0
-4.5
-0.4
5.4
6.1
3.4
-0.1
-1.7
-4.2
5.0
-8.4
-2.9
-5.2
16.2
13.5
3.0
-13.7
-24.4
0.4
0.9
7.9
3.0
1.3
-13.4
-4.4
-4.2
-3.0
7.3
-9.1
10.6
8.4
2.4
-12.4
-16.8
-0.4
3.9
0.0
1.2
-1.7
17
18
19
20
21
22
23
15.5
12.6
3.3
15.5
1.2
1.5
1.6
52.0
36.5
16.4
49.9
23.3
21.2
18.9
50.4
25.8
24.7
43.7
34.4
31.3
24.9
50.1
28.4
22.0
50.8
25.6
26.6
18.5
58.2
33.4
25.3
61.8
23.3
17.7
11.6
-1.7
-6.9
4.6
3.4
16.2
15.8
13.8
-13.4
3.4
-15.6
-8.4
10.6
10.1
6.6
24
-0.1
2.7
6.8
8.1
6.1
2.3
3.6
25
-0.3
2.2
3.1
-0.9
5.5
0.5
0.6
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
Chained (2000) dollar series for real change in private inventories are calculated as the period-to-period change in
chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because
the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar esti
mates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
D ecem ber 2005
Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry
[Billions of dollars]
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales
by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted quarterly totals
Line
Private inventories1................................................
Farm ....................................................................................
Mining, utilities, and construction.....................................
Manufacturing.....................................................................
Durable goods industries..............................................
Nondurable goods industries.......................................
Wholesale trade..................................................................
Durable goods industries..............................................
Nondurable goods industries.......................................
Retail trade.........................................................................
Motor vehicle and parts dealers..................................
Food and beverage stores............................................
General merchandise stores.......................................
Other retail stores..........
Other industries..................................................................
Addenda:
Private inventories.........................................................
Durable goods industries..........................................
Nondurable goods industries...................................
Nonfarm industries........................................................
Wholesale tra d e ............................................................
Merchant wholesale trade.......................................
Durable goods industries.....................................
Nondurable goods industries...............................
Nonmerchant wholesale trade.................................
Final sales of domestic business2......................
Final sales of goods and structures of
domestic business2 ...........................................
Ratios of private inventories to final sales of
domestic business:
Private inventories to final sales..................................
Nonfarm inventories to final sales...............................
Nonfarm inventories to final sales of goods and
structures....................................................................
2004
Seasonally adjusted quarterly totals
2005
III
IV
I
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1,679.7
152.9
66.3
491.7
289.9
201.8
393.6
231.9
161.7
458.4
157.0
35.6
69.9
195.8
116.9
1,711.7
152.5
70.4
499.6
294.3
205.3
404.2
238.7
165.5
465.9
157.3
36.0
72.0
200.7
119.1
1,761.5
170.1
71.8
512.8
300.8
212.0
414.9
243.1
171.7
470.8
156.2
36.3
73.9
204.4
121.1
1,763.0
165.4
75.9
510.7
295.5
215.2
419.5
244.6
174.9
468.8
150.7
36.5
74.4
207.2
122.7
1,791.3
163.7
80.4
522.4
300.5
221.8
430.4
248.7
181.7
469.6
147.4
36.4
75.7
210.1
124.9
16
17
18
19
20
21
22
23
24
25
1,679.7
773.7
905.9
1,526.8
393.6
337.8
202.5
135.3
55.7
670.4
1,711.7
788.8
923.0
1,559.3
404.2
347.8
209.3
138.5
56.4
681.0
1,761.5
800.8
960.7
1,591.4
414.9
355.8
212.7
143.0
59.1
691.3
1,763.0
792.6
970.4
1,597.6
419.5
359.7
214.5
145.2
59.9
707.8
1,791.3
799.4
991.9
1,627.6
430.4
366.8
217.9
148.8
63.6
720.9
26
414.0
419.7
426.2
439.1
448.1
27
28
2.51
2.28
2.51
2.29
2.55
2.30
2.49
2.26
2.48
2.26
29
3.69
3.72
3.73
3.64
3.63
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar
inventories in this table is not the current-dollar change in private inventories component of GDP The former is the difference
between two inventory stocks, each valued at its respective end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly
rates, whereas, the change in private inventories is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross
output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and space
rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry
[Index numbers, 2000=100]
Seasonally adjusted
2004
Line
III
Private inventories1................................................
Farm ....................................................................................
Mining, utilities, and construction.....................................
Manufacturing.....................................................................
Durable goods industries..............................................
Nondurable goods industries.......................................
Wholesale trade..................................................................
Durable goods industries..............................................
Nondurable goods industries.......................................
Retail trade.........................
Motor vehicle and parts dealers..................................
Food and beverage stores............................................
General merchandise stores.......................................
Other retail stores..........................................................
Other industries..................................................................
Addenda:
Private inventories.........................................................
Durable goods industries..........................................
Nondurable goods industries...................................
Nonfarm industries.......
Wholesale tra d e ............
Merchant wholesale trade.......................................
Durable goods industries.....................................
Nondurable goods industries...............................
Nonmerchant wholesale trade.................................
2005
IV
I
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
107.923
120.765
122.432
110.452
107.605
114.829
107.254
103.917
112.205
102.206
97.159
111.118
103.157
104.292
101.790
109.106 111.243 111.369
120.478 135.002 132.396
128.191 129.452 133.811
112.121 113.494 113.557
108.961 109.518 107.879
116.978 119.611 122.319
108.277 109.426 109.488
104.891 105.088 104.215
113.308 115.940 117.466
102.910 103.585 103.927
97.817 97.828 98.124
111.748 113.099 113.365
103.692 104.402 104.793
105.104 106.206 106.579
102.908 103.859 104.502
113.398
132.194
144.423
116.341
108.993
127.724
111.549
105.014
121.515
104.825
98.678
113.363
105.203
108.075
106.107
16
17
18
19
20
21
22
23
24
107.923
103.947
111.425
106.748
107.254
106.742
104.157
110.680
110.573
109.106
104.968
112.757
108.060
108.277
107.641
105.152
111.436
112.396
113.398
105.338
120.649
111.696
111.549
109.798
105.242
116.923
122.826
111.243
105.397
116.461
109.118
109.426
108.611
105.329
113.678
114.692
111.369
104.557
117.475
109.479
109.488
108.495
104.418
114.845
115.891
1. Implicit price deflators are as of the end of the quarter and are consistent with inventory stocks.
Estimates in this table are based on the North American Industry Classification System (NAICS).
Note.
D -4 1
Su r v e y o f C u r r e n t B u siness
Line
Private inventories1
Farm ................................
Mining, utilities, and construction....................................
Manufacturing................
Durable goods industries.............................................
Nondurable goods industries......................................
Wholesale trade.............
Durable goods industries.............................................
Nondurable goods industries......................................
Retail tra d e .....................
Motor vehicle and parts dealers.................................
Food and beverage stores...........................................
General merchandise stores.......................................
Other retail stores......
Other industries.............
Residual..............................................................................
Addenda:
Private inventories........................................................
Durable goods industries........................................
Nondurable goods industries..................................
Nonfarm industries.......................................................
Wholesale trade............................................................
Merchant wholesale trade.......................................
Durable goods industries....................................
Nondurable goods industries..............................
Nonmerchant wholesale trade................................
Final sales of domestic business2.....................
Final sales of goods and structures of
domestic business2...........................................
Ratios of private inventories to final sales of
domestic business:
Private inventories to final sales.....................................
Nonfarm inventories to final sales...................................
Nonfarm inventories to final sales of goods and
structures.......................................................................
2004
2005
III
IV
I
II
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1,556.4
126.6
54.1
445.2
269.4
175.7
366.9
223.1
144.1
448.5
161.6
32.0
67.8
187.7
114.8
-0.5
1,568.9
126.6
55.0
445.6
270.1
175.5
373.3
227.6
146.1
452.7
160.8
32.2
69.4
190.9
115.8
-1.1
1,583.4
126.0
55.5
451.8
274.6
177.2
379.1
231.4
148.1
454.5
159.7
32.1
70.8
192.4
116.6
-1.0
1,583.0
124.9
56.7
449.7
273.9
175.9
383.2
234.7
148.9
451.1
153.6
32.2
71.0
194.4
117.4
-0.6
1,579.6
123.8
55.7
449.0
275.7
173.7
385.8
236.9
149.5
448.0
149.4
32.1
71.9
194.4
117.7
-1.2
17
18
19
20
21
22
23
24
25
26
1,556.4
744.3
813.1
1,430.3
366.9
316.5
194.4
122.3
50.4
629.5
1,568.9
751.4
818.6
1,443.0
373.3
323.1
199.1
124.3
50.2
636.2
1,583.4
759.8
824.9
1,458.4
379.1
327.5
202.0
125.8
51.6
642.0
1,583.0
758.1
826.0
1,459.3
383.2
331.5
205.4
126.4
51.7
653.7
1,579.6
758.9
822.1
1,457.2
385.8
334.0
207.1
127.3
51.8
662.1
27
395.7
399.2
403.0
414.0
420.5
28
29
2.47
2.27
2.47
2.27
2.47
2.27
2.42
2.23
2.39
2.20
30
3.61
3.61
3.62
3.52
3.47
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are at quarterly
rates, whereas the change in private inventories component of GDP is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross
output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and space
rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises.
N ote. Estimates in this table are based on the North American Industry Classification System (NAICS).
Chained (2000) dollar inventory series are calculated to ensure that the chained (2000) dollar change in inventories for
2000 equals the current-dollar change in inventories for 2000 and that the average of the 1999 and 2000 end-of-year chainweighted and fixed-weighted inventories are equal.
D -4 2
N a tio n a l D a ta
D ecem ber 2005
6. Income and Employment by Industry
Table 6.1 D. National Income Without Capital Consumption Adjustment by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
National income without capital consumption adjustment.....................................................
Domestic industries........................................................................................................................................
Private industries........................................................................................................................................
Agriculture, forestry, fishing, and hunting..............................................................................................
M ining........................................................................................................................................................
Utilities..............
Construction.....
Manufacturing...
Durable goods.......................................................................................................................................
Nondurable goods................................................................................................................................
Wholesale trade
Retail trade.......
Transportation and warehousing............................................................................................................
Information.................................................................................................................................................
Finance, insurance, real estate, rental, and leasing.............................................................................
Professional and business services1.....................................................................................................
Educational services, health care, and social assistance...................................................................
Arts, entertainment, recreation, accommodation, and food services................................................
Other services, except government.......................................................................................................
Government..................................................................................................................................................
Rest of the w orld..............................................................................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
9,444.8
9,376.7
8,179.7
80.0
103.1
151.1
483.4
1,133.4
642.7
490.7
577.6
738.9
261.6
310.2
1,674.6
1,249.4
824.4
344.6
247.3
1,197.0
68.1
10,020.7
9,966.9
8,711.5
96.9
124.1
157.0
529.8
1,190.2
690.2
500.0
618.4
772.5
279.8
338.6
1,766.7
1,334.8
877.7
365.5
259.6
1,255.4
53.8
2005
IV
10,005.3
9,956.8
8,695.2
92.0
123.8
155.8
537.6
1,192.6
702.9
489.7
625.3
763.1
279.5
351.6
1,733.1
1,333.5
880.0
366.5
260.7
1,261.6
48.5
10,300.3
10,263.5
8,991.0
87.2
136.2
160.2
552.6
1,252.3
731.0
521.3
639.3
790.0
281.6
346.7
1,811.1
1,392.0
905.9
369.4
266 4
1,272.6
36.8
I
10,719.6
10,680.2
9,389.8
86.9
140.3
174.2
589.2
1,287.6
719.9
567.7
662.5
815.0
308.0
378.9
1,896.1
1,453.1
932.9
392.7
272.5
1,290.4
39.4
II
10,838.6
10,803.1
9,503.6
79.4
154 6
179.1
605.3
1,326.3
746.1
580.1
685.7
831.1
316.8
386.4
1,862.6
1,447.3
952.0
401.5
275 4
1,299.5
35.5
III
10,805.0
10,766.6
9,470.5
1,296.1
38.4
1. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Table 6.16D. Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Corporate profits with inventory valuation and capital consumption adjustments..............
Domestic industries
Financial1..............
Nonfinancial..........
Rest of the w orld....
Receipts from the rest of the w orld............................................................................................................
Less: Payments to the rest of the w orld.....................................................................................................
Corporate profits with inventory valuation adjustment................................................................
Domestic industries........................................................................................................................................
Financial.........................................................................................................................................................
Federal Reserve banks............................................................................................................................
Other financial2.
Nonfinancial..........
Utilities..............
Manufacturing...
Durable goods.......................................................................................................................................
Fabricated metal products.............................................................................................................
M achinery.........................................................................................................................................
Computer and electronic products................................................................................................
Electrical equipment, appliances, and components....................................................................
Motor vehicles, bodies and trailers, and p a rts.............................................................................
Other durable goods3 .....................................................................................................................
Nondurable goods................................................................................................................................
Food and beverage and tobacco products
Petroleum and coal products...................
Chemical products...........................................................................................................................
Other nondurable goods4 ...............................................................................................................
Wholesale trade........................
Retail trade.................................
Transportation and warehousing............................................................................................................
Information.................................................................................................................................................
Other nonfinancial5...................
Rest of the w orld..............................
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
1,031.8
855.8
330.9
524.9
176.0
255.7
79.7
923.9
747.9
313.0
20.2
292.8
434.9
11.4
80.7
-4.1
8.5
1.4
-16.1
1.9
-11.6
11.9
84.8
23.5
23.6
20.8
16.9
56.3
87.7
8.1
-1.9
192.4
176.0
1,161.5
976.6
322.7
653.9
184.9
309.5
124.6
1,019.7
834.8
300.6
20.3
280.3
534.2
12.1
118.9
34.8
10.3
1.0
-3.2
0.3
-3.4
29.9
84.0
24.0
31.0
13.5
15.6
63.5
90.0
8.4
17.0
224.3
184.9
1,117.2
931.3
264.4
666.9
185.9
309.4
123.6
981.3
795.5
242.8
20.2
222.7
552.7
11.4
116.2
42.2
9.8
3.4
1.3
-3.0
-0.7
31.4
73.9
23.4
19.5
16.3
14.7
69.1
81.9
6.1
33.0
235.0
185.9
2005
IV
1,219.5
1,040.9
341.6
699.3
178.6
332.6
154.0
1,079.7
901.1
319.4
22.2
297.1
581.7
14.1
154.7
58.8
13.1
-2.6
-0.2
6.8
1.3
40.5
95.9
20.5
49.2
8.4
17.8
66.9
87.7
1.7
21 0
235.6
178.6
I
1,288.2
1,094.8
377.6
717.1
193.5
313.5
120.1
1,339.2
1,145.7
377.2
23.1
354.2
768.5
23.7
170.2
35.5
8.8
0.9
0.5
-1.3
-20.8
47.3
134.7
39.6
62.8
18.8
13.5
81.4
104.6
22.9
46 7
318.9
193.5
II
1,347.5
1,150.3
350.7
799.6
197.2
328.2
131.0
1,393.3
1,196.1
349.5
26.2
323.2
846.6
26.4
204.7
59.9
11.4
2.9
4.2
5.5
-15.7
51.6
144.8
37.7
66.3
20.5
20.3
98.1
109.1
27.9
53 5
326.9
197.2
III
1,302.0
1,086.9
285.4
801.5
215.1
332.3
117.1
1,368.5
1,153.4
284.9
27.0
257.9
868.5
215.1
1. Consists of finance and insurance and bank and other holding companies.
2. Consists of credit intermediation and related activities; securities, commodity contracts, and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other finan
cial vehicles; and bank and other holding companies.
3. Consists of wood products; nonmetallic mineral products; primary metals; other transportation equipment; furniture and related products; and miscellaneous manufacturing.
4. Consists of textile mills and textile product mills; apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products.
5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services;
educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services, except government.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
D ecem ber 2005
S u r v e y o f C u r r e n t B usin ess
D -4 3
7. Supplemental Tables
Table 7.1. Selected Per Capita Product and Income Series in Current and
Chained Dollars
Table 7.2.1 B. Percent Change from Preceding Period in Real
Motor Vehicle Output
[Dollars]
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2003
2004
2004
III
Current dollars:
Gross domestic product...........
Gross national product.............
Personal income........................
Disposable personal incom e....
Personal consumption
expenditures..........................
Durable goods.......................
Nondurable goods................
Services.................................
Chained (2000) dollars:
Gross domestic product...........
Gross national product.............
Disposable personal incom e....
Personal consumption
expenditures..........................
Durable goods.......................
Nondurable goods................
S ervices.................................
Population (midperiod, thousands)
Line
2005
IV
I
II
1
2
3
4
37,691
37,925
31,500
28,065
39,919
40,102
33,044
29,475
40,157
40,322
33,057
29,461
40,651
40,776
33,973
30,265
41,251
41,384
34,064
30,103
41,763
41,883
34,367
30,298
42,405
42,534
34,526
30,431
5
6
7
8
26,487
3,264
7,520
15,703
27,944
3,360
8,057
16,527
28,076
3,377
8,081
16,618
28,522
3,418
8,259
16,845
28,864
3,440
8,375
17,049
29,276
3,494
8,549
17,234
29,767
3,545
8,767
17,454
9
10
11
35,456
35,677
26,596
36,590
36,760
27,230
36,726
36,879
27,159
36,930
37,047
27,685
37,195
37,320
27,384
37,415
37,527
27,338
37,711
37,831
27,218
12 25,101
25,816 25,882 26,091
26,258 26,417 26,623
13
3,533
3,708
3,739
3,779
3,795
3,860
3,946
14
7,221
7,485
7,498
7,579
7,661
7,713
7,761
15
14,374
14,665
14,692
14,852
14,783
14,905
14,989
16 291,085 293,951 294,315 295,077 295,720 296,383 297,157
2003
2004
2004
III
III
Motor vehicle output.......
Auto output.....................
Truck output....................
Final sales of domestic product.
Personal consumption
expenditures.........................
New motor vehicles...............
Autos....................................
Light trucks (including
utility vehicles)...............
Net purchases of used autos
and used light trucks..........
Used a uto s.........................
Used light trucks (including
utility vehicles)...............
Private fixed investment..........
New motor vehicles...............
Autos....................................
Trucks..................................
Light trucks (including
utility vehicles)...........
Other................................
Net purchases of used autos
and used light trucks..........
Used autos.........................
Used light trucks (including
utility vehicles)................
Gross government
investment..............................
Autos.........................................
Trucks......................................
Net exports.................................
E xports....................................
Autos....................................
Trucks..................................
Im ports....................................
Autos....................................
Trucks ..................................
Change in private inventories....
Autos.............................................
New...........................................
Used.........................................
Trucks ...........................................
New...........................................
Foreign.................................
Used1 ......................................
Addenda:
Final sales of motor vehicles to
domestic purchasers.............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos2
Sales of imported new autos3 ...
2005
IV
I
II
III
1
2
3
4
3.8
-7.6
11.0
5.4
4.6
-2.6
8.3
5.4
3.0
-13.5
11.7
31.9
8.8
2.6
11.7
11.4
4.3
45.1
-10.7
-0.7
-0.3
-7.5
3.5
14.3
17.5
18.2
17.1
18.7
5
6
7
5.0
7.8
-1.8
0.8
1.0
0.1
13.2
15.7
-12.1
0.3
-8.4
4.0
-10.0
-15.5
-4.5
8.0
45.4
47.5
18.4
25.8
19.8
8
14.3
1.5
35.4
-14.6
-21.3
44.1
29.5
9
10
-1.0
-3.2
0.4
-1.2
7.0
4.4
25.0
33.0
3.9
6.0
-48.0
-49.1
-0.3
20.9
11
12
13
14
15
1.2
-1.6
-1.9
-6.7
1.5
2.1
18.8
12.6
1.4
19.6
9.8
51.4
31.3
11.2
43.4
17.5
33.4
18.8
13.2
21.7
1.7
3.2
-9.0
-20.5
-2.8
-46.7
28.6
10.9
-13.3
24.2
-19.4
21.3
14.8
35.8
6.5
16
17
4.2
-6.9
15.1
34.9
41.6
48.8
11.9
54.4
-11.6
23.8
40.2
-8.8
8.4
1.5
18
19
-2.3
-2.4
2.9
3.4
1.2
0.4
-5.5
5.7
-31.1
-22.7
-22.8
-19.2
-0.5
25.3
20
-2.1
2.4
2.1
-15.6
-39.0
-26.6
-24.7
21
22
23
?4
25
26
27
28
29
30
31
V
33
34
35
-0.3
-4.8
1.2
17.1
-8.7
25.5
-23.1
-27.8
-22.1
7.6
89.0
-5.6
46.8
30.6
51.1
-28.9
-38.6
-26.4
7.7
12.3
6.7
10.0
4.6
15.8
-0.2
-3.5
3.7
10.8
2.9
18.3
5.0
0.2
10.3
53.0
5.1
106.6
-2.1
32.0
-27.2
-1.6
28.7
-20.1
-4.3
-17.6
11.8
52.0
74.4
35.3
-6.3
-16.9
5.2
-13.9
-18.3
-9.9
-4.2
-12.0
3.5
18.9
17.9
19.8
19.2
23.5
15.6
37
38
39
40
41
42
3.5
4.9
19.8
7.8
-5.4
11.6
18.8
43
44
45
-1.0
-8.8
-1.8
9.0
-4.7
3.2
28.1
2.0
-13.8
12.4
3.2
19.2
-15.3
17.7
-23.3
16.2
11.7
10.5
18.2
23.3
30.1
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
D -4 4
N a tio n a l D a ta
Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes
[Index numbers, 2000=100]
D ecem ber 2005
Table 7.2.4B. Price Indexes for Motor Vehicle Output
[Index numbers, 2000=100]
Seasonally adjusted
Line
2003
2004
2004
III
Motor vehicle output......
Auto output.....................
Truck output....................
Final sales of domestic product
Personal consumption
expenditures.........................
New motor vehicles...............
A utos...................................
Light trucks (including
utility vehicles)...............
Net purchases of used autos
and used light tru cks.........
Used autos.........................
Used light trucks (including
utility vehicles)...............
Private fixed investm ent.........
New motor vehicles...............
A utos...................................
Trucks..................................
Light trucks (including
utility vehicles)...........
O ther...............................
Net purchases of used autos
and used light tru cks.........
Used autos.........................
Used light trucks (including
utility vehicles)...............
Gross government investment
A utos.......................................
Trucks......................................
Net exports.................................
Exports
A utos...................................
Trucks..................................
Imports
A utos...................................
Trucks..................................
A utos............................................
N ew ..........................................
Foreign................................
Used........................................
Trucks...........................................
N ew ..........................................
Foreign................................
Used1......................................
Addenda:
Final sales of motor vehicles to
domestic purchasers.............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos2
Sales of imported new autos3 ...
Seasonally adjusted
2005
I
II
III
117.133
86.721
138.851
123.755
118.364
95.173
134.979
123.552
118.275
93.338
136.136
127.741
123.130
97.325
141.611
133.337
5 118.922 119.924
6 128.357 129.646
7 97.986 98.103
121.330 121.434
131.995 129.130
95.633 96.565
118.293
123.801
95.458
120.578 125.771
135.938 143.957
105.197 110.058
8 156.891
159.282
166.163
159.722
150.429
164.821
175.817
9 101.156
10 92.714
101.603
91.612
101.196
91.223
107.011
97.955
108.031
99.400
91.758
83.957
91.689
88.033
11 111.374
12 79.670
13 86.318
14 84.705
15 87.388
113.728
94.677
97.179
85.899
104.492
113.310 117.970 118.455 101.202 95.888
98.996 106.386 107.220 114.178 119.833
100.235 104.646 102.199 104.876 108.565
86.794 89.532 84.542
81.579
88.060
108.938 114.425 113.601 119.922 121.816
16
17
93.713
70.181
107.869
94.709
113.019
97.310
116.237
108.480
112.707
114.434
122.649
111.842
125.152
112.250
18
19
96.544
88.979
99.341
91.971
99.859
92.492
98.468
93.783
89.723
87.929
84.113
83.362
84.007
88.204
20
21
22
23
?4
25
26
27
28
29
30
31
3?
33
34
35
3R
37
38
39
40
41
105.119
101.203
92.380
104.553
107.688 108.207 103.729
118.459 114.579 116.703
84.316 76.329 89.493
131.217 128.803 126.952
91.657
128.460
95.662
140.760
84.851
117.945
84.663
130.368
79.046
120.157
87.163
132.491
119.398
125.764
113.713
102.801
100.009
106.091
132.298
129.451
134.481
107.932
100.226
116.986
141.477
129.983
151.015
108.717
104.464
113.736
140.893
138.448
142.759
107.533
99.514
116.958
156.434
159.106
153.961
105.798
95.026
118.440
150.704
151.281
150.003
104.660
92.034
119.461
157.382
157.655
156.928
109.369
97.016
123.857
42
108.353
113.700
115.787
117.984
116.353
119.585
124.856
43
44
45
89.426
86.550
104.414
97.463
82.494
107.794
100.608
81.497
105.248
103.596
82.144
109.966
99.380
85.556
102.926
103.185
87.948
105.535
107.586
92.679
112.709
1 110.297
2 90.497
3 124.510
4 111.269
115.415 114.682
88.174 86.161
134.897 135.065
117.301 120.465
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
Line
IV
2003
2004
2004
III
Motor vehicle output.......
Auto output.....................
Truck output....................
Final sales of domestic product
Personal consumption
expenditures.........................
New motor vehicles...............
Autos....................................
Light trucks (including
utility vehicles)...............
Net purchases of used autos
and used light trucks..........
Used a utos.........................
Used light trucks (including
utility vehicles)...............
Private fixed investment..........
New motor vehicles...............
Autos....................................
Trucks..................................
Light trucks (including
utility vehicles)...........
Other................................
Net purchases of used autos
and used light trucks..........
Used autos.........................
Used light trucks (including
utility vehicles)...............
Gross government investment
Autos........................................
Trucks......................................
Net exports.................................
Exports....................................
Autos....................................
Trucks..................................
Im ports....................................
Autos....................................
Trucks..................................
Change in private inventories....
Autos.............................................
New...........................................
Domestic..............................
Foreign.................................
Used........................................
Trucks...........................................
New...........................................
Domestic..............................
Foreign.................................
Used1 ......................................
Addenda:
Final sales of motor vehicles to
domestic purchasers.............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos2
Sales of imported new autos3 ...
2005
IV
I
II
111
1
2
3
4
96.368
96.522
96.114
96.368
96.427
96.047
96.432
96.291
95.837
95.524
95.809
95.683
97.080
96.596
97.126
96.896
98.393
98.639
98.095
98.200
98.133
98.896
97.582
97.928
96.731
97.874
95.998
96.766
b
6
7
96.558
96.421
96.520
95.345
95.777
95.987
95.070
95.169
95.606
96.238
95.860
96.141
97.649
97.117
97.067
97.762
96.772
96.969
96.655
95.335
96.341
8
96.297
95.589
94.862
95.639
97.086
96.595
94.680
9
10
96.509
97.499
93.908
95.492
94.474
96.089
96.796
98.639
98.553
100.584
99.810
102.177
99.686
102.724
11
95.435 92.254 92.786 94.878 96.446 97.368 96.540
12 101.502 107.069 106.015 106.581 106.451 105.390 104.710
13 96.699 97.250
96.885
97.901
97.870 97.438 97.637
14 96.511
95.982
95.596 96.137 97.064
96.965 96.339
15 96.799 97.979
97.628
98.889 98.380
97.792
98.370
16
17
95.257
101.981
96.022
104.582
95.499
104.808
96.631
106.480
95.542
107.630
94.250
109.073
94.511
110.629
18
19
90.700
91.158
84.256
85.025
84.777
85.558
86.472
87.317
86.617
87.649
87.417
88.458
89.559
90.191
85.591
86.382
103.408 103.682
99.218 97.848
104.597 105.287
89.012
104.852
99.167
106.421
20 90.246
21 100.135
22 99.585
23 100.321
?4
25 103.699
26 102.539
27 104.901
28 102.154
29 101.661
30 102.733
31
V
33
34
35
36
37
38
39
40
41
83.502 84.012 85.644
102.089 101.907 102.910
99.049 98.507 97.891
102.995 102.906 104.317
105.715
103.984
107.437
103.818
103.081
104.658
105.942 106.793 107.097
104.028 104.438 104.598
107.711 108.914 109.347
104.122 104.538 104.405
103.344 103.809 103.507
104.998 105.364 105.398
107.152
104.564
109.480
104.646
103.542
105.831
107.355
104.734
109.713
104.831
103.710
106.031
42
97.513
97.764
97.342
98.375
99.388
99.219
98.286
43
44
45
95.870
97.492
96.518
96.079
97.382
95.987
95.613
97.059
95.605
96.507
97.539
96.137
96.230
98.334
97.070
95.397
98.226
96.972
95.322
97.636
96.342
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
December 2005
Survey of Current Business
D-45
Table 7.2.5B. Motor Vehicle Output
Table7.2.6B. Real Motor Vehicle Output, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
Autos.....................................
Trucks....................................
Net exp o rts ...................................
Exports..................................
Autos.................................
Trucks................................
Imports..................................
Autos.................................
Trucks................................
Change in private in ve n to ries....
Autos.........................................
New.......................................
Domestic..........................
Foreign.............................
Used......................................
Trucks
New
Domestic..........................
Foreign.............................
Used1....................................
III
IV
I
II
415.2
425.0
423.7
435.3
Motor vehicle o u tp u t.......
131.9
256.0
128.0
278.2
124.4
276.8
126.5
288.7
141.8
283.1
139.5
284.2
143.9
291.3
Auto output...................
Truck output..................
380.0
400.3
408.5
425.0
430.0
443.3
457.3
Final sales of dom estic product
5
6
7
373.8
372.2
375.4
380.4
375.9
383.7
395.6
Personal consum ption
exp e n d itu re s ...........................
265.2
98.0
266.0
97.5
269.1
94.7
265.2
96.2
257.6
96.0
281.8
105.7
294.0
109.8
8
167.2
168.5
174.4
169.0
161.6
176.2
184.2
9
10
108.6
54.8
106.1
53.1
106.3
53.1
115.1
58.5
118.4
60.6
101.8
52.0
101.6
54.8
11
12
13
14
15
53.8
53.1
53.2
56.6
57.8
49.8
46.8
New motor vehicles..............
Autos..................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
95.6
119.9
124.2
134.2
135.0
142.4
148.5
Private fixed investm ent...........
161.4
62.4
99.0
182.8
63.0
119.8
187.8
63.4
124.4
198.1
65.8
132.3
193.4
62.7
130.7
197.6
60.4
137.1
204.9
64.8
140.1
16
17
76.8
22.1
89.1
30.6
92.9
31.5
96.7
35.7
92.7
38.0
99.5
37.7
101.8
38.3
18
19
-65.8
-32.3
-62.9
-31.2
-63.6
-31.5
-63.9
-32.6
-58.3
-30.7
-55.2
-29.4
-56.5
-31.7
20
-33.4
-31.7
-32.0
-31.3
-27.6
-25.8
-24.8
New motor vehicles..............
Autos..................................
Trucks................................
Light trucks (including
utility vehicles)..........
Other..............................
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
G ross governm ent investm ent
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
12.6
15.0
14.5
14.9
16.5
15.1
15.6
3.1
9.4
2.8
12.1
2.6
11.9
3.0
11.9
3.2
13.2
2.8
12.3
2.9
12.7
-1 0 1 .9
-1 0 6 .7
-1 0 5 .6
-1 0 4 .4
-9 7 .5
-9 7 .8
-1 0 2 .5
32.3
15.8
16.6
134.3
70.6
63.7
36.5
16.5
20.1
143.2
71.7
71.5
39.1
16.5
22.6
144.7
74.9
69.8
39.3
17.7
21.6
143.7
71.7
72.0
43.7
20.4
23.4
141.2
68.3
72.9
42.2
19.4
22.8
140.0
66.1
73.9
44.1
20.2
23.9
146.6
69.8
76.7
7.8
5.8
-7 .2
-9 .8
-5 .0
-1 9 .7
-2 2 .0
0.6
0.6
0.7
-0.1
0.0
7.2
7.1
6.7
0.3
0.1
-2.0
-2.5
-1.6
-0.9
0.5
7.9
7.4
7.4
0.0
0.5
0.6
-0.6
-2.6
2.0
1.2
-7.8
-8.9
-7.8
-1.1
1.1
-10.3
-7.3
-2.4
-4.9
-3.0
0.5
3.3
6.3
-3.0
-2.8
-2.0
2.4
-2.2
4.6
-4.4
-3.0
1.2
0.5
0.7
-4.2
-5.2
-5.8
-3.1
-2.7
0.6
-14.4
-13.8
-14.0
0.2
-0.7
-7.1
-5.6
-3.0
-2.6
-1.5
-14.9
-13.8
-14.0
0.2
-1.1
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks
Domestic output of new autos2
Sales of imported new autos3...
42
482.0
507.0
514.1
529.4
527.4
541.2
43
44
45
139.3
93.2
84.5
152.1
88.8
86.8
156.3
87.4
84.4
162.4
88.5
88.7
155.4
93.0
83.8
159.9
95.5
85.8
1. Consists ot used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
2003
2004
III
401.3
Personal consum ption
e x p e n d itu res...........................
Gross governm ent
investm ent................................
Seasonally adjusted at annual rates
Line
2005
406.2
Final sales of dom estic product
New motor vehicles..............
Autos.................................
Trucks................................
Light trucks (including
utility vehicles)..........
Other.............................
Net purchases of used autos
and used light trucks
Used autos.......................
Used light trucks (including
utility vehicles)..............
2004
387.8
Auto output...................
Truck output..................
Private fixed investm ent
2004
1
2
3
4
M otor vehicle output
New motor vehicles..............
Autos.................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks
Used autos.......................
Used light trucks (including
utility vehicles)..............
2003
559.7
166.6
100.0
91.1
Autos......................................
Trucks ....................................
Net exports
Exports..................................
Autos..................................
Trucks................................
Imports
Autos..................................
Trucks ................................
Change in private inventories.....
Autos..........................................
New........................................
Domestic...........................
Foreign...............................
Used......................................
Trucks........................................
New........................................
Domestic...........................
Foreign...............................
Used1 ....................................
R esidual..............................................
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos2
Sales of imported new autos3...
2004
2005
III
IV
I
II
III
1
2
3
4
402.5
421.2
418.5
427.5
432.0
431.7
449.4
136.7
266.3
133.2
288.5
130.2
288.9
131.0
297.0
143.8
288.7
141.0
291.2
147.0
302.9
394.4
415.7
427.0
438.6
437.9
452.8
472.6
5
6
7
387.1
390.3
394.9
395.3
385.0
392.5
409.4
275.0
101.5
277.8
101,6
282.8
99.1
276.7
100.0
265.2
98.9
291.2
109.0
308.4
114.0
8
173.6
176.3
183.9
176.8
166.5
182.4
194.6
9
10
112.5
56.2
113.0
55.6
112.6
55.3
119.0
59.4
120.2
60.3
102.1
50.9
102.0
53.4
11
12
13
14
15
56.4
57.5
57.3
59.7
59.9
51.2
48.5
94.2
112.0
117.1
125.8
126.8
135.0
141.7
166.9
64.7
102.2
187.9
65.6
122.2
193.8
66.3
127.4
202.4
68.4
133.9
197.6
64.6
132.9
202.8
62.3
140.3
209.9
67.3
142.5
16
17
80.7
21.7
92.8
29.3
97.3
30.1
100.0
33.5
97.0
35.4
105.6
34.6
107.7
34.7
18
19
-72.5
-35.5
-74.6
-36.7
-75.0
-36.9
-74.0
-37.4
-67.4
-35.1
-63.2
-33.2
-63.1
-35.2
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
-37.1
-38.0
-38.1
-36.6
-32.3
-29.9
-27.9
12.5
14.7
14.2
14.5
15.9
14.6
14.9
3.1
9.4
2.9
11.8
2.6
11.6
3.1
11.4
3.3
12.6
2.9
11.7
3.0
11.9
-1 0 0 .2
-1 0 3 .4
-1 0 2 .0
-1 0 0 .7
-9 4 .4
-9 4 .4
-9 8 .7
31.2
15.4
15.8
131.4
69.4
62.0
34.6
15.8
18.7
138.0
69.6
68.3
37.0
15.9
21.0
139.0
72.5
66.5
36.8
16.9
19.8
137.5
69.1
68.3
40.9
19.5
21.4
135.3
66.0
69.2
39.4
18.5
20.8
133.8
63.9
69.8
41.1
19.3
21.8
139.8
67.3
72.4
8.1
5.8
-7 .3
-9 .6
-4 .7
-1 9 .3
-2 1 .3
0.7
0.6
0.8
-0.1
0.1
6.9
6.3
6.0
0.3
0.2
-2.1
-2.5
-1.6
-0.9
0.6
7.2
6.2
6.2
0.0
0.6
0.7
-0.6
-2.6
1.9
1.4
-7.4
-7.6
-6.6
-1.1
1.2
-10.7
-7.2
-2.4
-4.7
-3.4
0.3
2.6
5.3
-2.9
-3.2
-2.1
2.5
-2.2
4.5
-5.0
-2.6
1.1
0.5
0.7
-4.8
-5.5
-5.8
-3.1
-2.6
0.6
-13.3
-11.7
-11.8
0.2
-0.8
-7.4
-5.5
-3.0
-2.5
-1.7
-13.5
-11.6
-11.7
0.2
-1.2
0.7
1.0
-2 .1
1.2
1.5
-3 .9
-4.1
43
494.2
518.6
528.2
538.2
530.7
545.5
569.5
44
45
46
145.3
95.6
87.6
158.3
91.2
90.4
163.4
90.1
88.3
168.3
90.8
92.2
161.4
94.5
86.3
167.6
97.2
88.5
174.8
102.4
94.5
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 differ
ence between the first line and the sum of the most detailed lines, excluding the lines in the addenda.
December 2005
D-46
B. O th er NIPA and N IPA -R elated Tables
Table B. 1 presents the most recent estimates of personal income and its components and the disposition of personal
income. These estimates were released on December 1, 2005.
Table B.1 Personal Income and Its Disposition
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
2004
2003
2005
2004
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Personal In c o m e ............................................
9.169.1
9.713.3
9.759.0
9.858.4
9.924.9 10,291.0 10,025.2 10,072.9
Compensation of employees, received.....
Wage and salary disbursements..............
Private industries...................................
Goods-producing industries.................
Manufacturing....................................
Service-producing industries................
Trade, transportation, and utilities....
Other services-producing industries..
Government...........................................
6.321.1
5.111.1
4.207.8
1.007.2
668.7
3.200.6
858.6
2.342.0
903.3
6,687.6
5.389.4
4.450.0
1,049.9
687.7
3.400.1
899.7
2.500.4
939.5
6.772.0
5.462.8
4.517.0
1.070.5
701.7
3.446.5
914.7
2.531.8
945.8
6,836.6
5,513.2
4.564.8
1.079.4
706.3
3.485.4
924.5
2.560.8
948.4
6,896.6
5.563.2
4.613.2
1.080.5
705.6
3.532.6
931.2
2.601.4
950.1
6.954.3
5.612.2
4.660.7
1.089.0
711.4
3.571.7
937.6
2.634.1
951.5
6.963.3
5.604.6
4.645.6
1.092.7
711.6
3,552.9
933.8
2.619.1
959.0
7.001.6
5.629.8
4.667.5
1,099.1
715.2
3.568.4
937.6
2.630.8
962.4
Supplements to wages and salaries...........................
Employer contributions for employee pension and
insurance funds...................................................
Employer contributions for government social
1.210.0
1.298.1
1,309.2
1.323.4
1.333.4
1.342.1
1.358.7
1.371.7
Proprietors’ income with IVA and CCAdj.
Farm....................................................
Nonfarm...............................................
Mar.
Aprilr
10,122.0
10,145.1
Mayr
June'
July'
Aug.r
Sept.
Oct.p
10,180.6 10,231.5 10,268.8 10,167.7 10,342.5 10,385.0
7.141.7
5.734.4
4.759.8
717.5
3.615.6
955.9
2.659.7
968.4
7.135.4
5.734.7
4,763.1
1.117.0
720.5
3.646.1
964.2
2,682.0
971.6
1.390.4
1.400.7
7.040.3
5.655.3
4.691.1
1,105.9
719.2
3.585.2
942.0
2.643.2
964.1
7.035.6
5.650.1
4.684.2
1,102.9
713.9
3.581.2
946.4
2.634.8
965.9
7.058.8
5.671.1
4.703.6
1.106.8
715.1
3.596.8
950.9
2.645.9
967.5
7.086.1
5.695.7
4.727.4
1.385.0
1,385.5
1.387.7
1.111.8
721.8
3,639.7
960.2
2.679.4
974.6
7.169.6
5,753.9
4,775.0
1,118.2
718.8
3,656.8
961.1
2.695.7
978.9
7.211.3
5.788.3
4,807.9
1.130.8
729.0
3.677.1
964.9
2.712.2
980.4
1,407.3
1.415.8
1.422.9
1,120.1
830.0
895.5
902.4
913.2
919.9
925.7
938.2
949.9
961.8
963.2
964.4
965.6
973.8
380.0
402.7
406.8
410.2
413.5
416.4
420.5
421.8
423.2
422.3
423.4
424.8
427.0
426.5
427.4
429.4
810.2
27.7
782.4
889.6
35.8
853.8
24.7
854.1
899.7
26.5
873.2
900.1
24.5
875.6
903.0
23.0
880.0
912.9
23.7
889.2
916.8
24.6
892.2
924.1
25.9
898.2
930.8
23.2
907.5
933.5
19.7
913.8
945.7
15.8
929.9
946.4
19.1
927.3
912.3
17.5
894.9
956.2
18.0
938.2
954.5
17.6
936.8
993.6
Rental income of persons with CCAdj.
131.7
134.2
95.5
132.5
128.3
125.4
121.1
118.5
114.4
109.4
104.1
99.7
97.7
-104.8
87.8
74.0
Personal income receipts on assets....
Personal interest income................
Personal dividend income...............
1.338.7
917.6
421.1
1.396.5
905.9
490.6
1.381.0
902.8
478.2
1.388.1
904.9
483.2
1.394.2
907.2
487.0
1.698.5
910.0
788.5
1.403.3
912.7
490.6
1.407.4
915.4
492.0
1.413.1
918.1
495.0
1.426.8
927.0
499.8
1.439.7
936.0
503.8
1.452.8
944.9
507.9
1.459.1
946.3
512.8
1.465.3
947.7
517.6
1.471.6
949.1
522.5
1,479.7
952.0
527.7
Personal current transfer receipts.....................................
Government social benefits to persons.......................
Old-age, survivors, disability, and health insurance
benefits.................................................................
Government unemployment insurance benefits......
Other........................................................................
Other current transfer receipts, from business (net)....
Less: Contributions for government social insurance......
1.344.0
1,313.5
1.427.5
1.394.5
1.462.5
1.402.5
1.439.0
1.409.5
1.449.4
1.419.6
1.459.4
1.429.3
1.482.8
1.453.7
1.489.6
1.460.4
1,494.0
1.464.8
1.504.9
1.475.7
1.509.1
1.479.8
1.514.8
1.485.5
1.502.4
1.473.1
1,624.8
1.475.1
1.530.8
1.494.3
1.543.2
1,501.0
739.3
52.8
521.4
30.5
776.6
789.3
36.0
569.2
33.0
822.2
796.4
31.2
574.9
60.0
830.8
801.0
33.0
575.5
29.5
837.3
805.3
33.4
580.8
29.8
843.7
810.3
30.7
588.3
30.0
849.6
823.3
29.6
600.8
29.1
858.2
828.6
29.4
602.4
29.1
860.9
832.1
29.2
603.6
29.1
863.8
28.1
608.8
29.2
862.4
842.2
27.7
609.9
29.2
864.7
845.6
28.1
611.8
29.3
867.6
847.3
27.9
597.9
29.3
872.2
851.2
27.6
596.3
149.7
871.6
851.9
30.0
612.4
36.5
873.5
855.7
30.7
614.6
42.1
877.6
Less: Personal current taxes..
999.9
1.049.1
1.068.7
1.080.0
1,094.0
1.108.9
1.162.9
1.171.5
1.179.8
1.196.1
1,206.0
1.216.1
1.216.2
1.215.7
1.218.6
1.234.6
Equals: D isposable personal incom e..
8.169.2
8.664.2
8,690.3
8,778.4
8.830.9
9.182.1
8.862.3
8.901.4
8.942.2
8.949.0
8,974.6
9.015.4
9,052.6
8,952.0
9,124.0
9.150.4
Less: Personal o u tlay s.............................
7.996.3
8.512.5
8.601.1
8.677.9
8.718.9
8.778.3
8.801.2
8.860.5
8.902.2
8,966.7
8,971.4
9.065.4
9.185.5
9.146.8
9.194.9
9.211.9
Personal consumption expenditures..
Durable goods..............................
Nondurable goods
Services.............
Personal interest payments1............
Personal current transfer payments...
To government....
To the rest of the world (net).........
7.709.9
950.1
2.189.0
4.570.8
183.2
103.3
62.1
41.2
8.214.3
987.8
2.368.3
4,858.2
186.7
111.5
8,295.1
988.9
2.396.5
4.909.8
192.7
113.3
70.0
43.4
8.371.0
994.7
2.439.2
4.937.1
194.7
8,409.8
1,000.9
2.436.2
4.972.6
196.3
112.7
71.0
41.7
8.467.6
1.030.1
2.435.9
5.001.6
197.5
113.2
71.5
41.7
8.483.1
1.003.8
2.461.2
5,018.1
197.8
120.3
72.0
48.3
8.541.6
1,017.5
2,483.3
5.040.8
198.1
8,646.6
1,046.4
2.529.2
5.071.0
8,647.2
1,008.9
2.525.1
5.113.2
205.3
118.8
74.0
44.9
8,737.3
1.051.2
2.546.8
5.139.2
208.8
119.3
74.4
44.9
8.856.5
1,129.9
2.566.8
5.159.8
209.7
119.3
75.0
44.4
8.816.4
1.030.5
2,603.7
5.182.2
210.5
119.8
75.4
44.4
8,863.2
8.878.3
975.1
2.661.5
5.241.7
212.7
72.5
48.3
8.582.6
1.030.7
2.485.4
5.066.5
198.4
121.3
72.9
48.3
172.8
151.8
-1 7 .7
3.2
-5 0 .0
-1 3 2 .9
-1 9 4 .8
-7 0 .9
Equals: Personal s a v in g .................
Personal saving as percentage of
personal in c o m e ..............................
68.6
42.9
112.2
70.5
41.7
100.5
2.1
1.8
1.0
7,741.8
8,004.3
8,002.6
112.0
120.8
201.8
118.3
73.4
44.9
403.8
61.1
40.9
40.0
1.3
4.4
0.7
0.5
0.4
-0.2
8,071.2
8,392.9
8,086.7
8,105.6
8,077.9
0.0
1.000.2
2.645.4
5,217.6
211.4
120.3
76.0
44.4
120.8
76.5
44.4
-6 1 .5
-0.6
-1 .5
-2.2
-0.8
-0.7
8,133.0
8,143.8
8,020.2
8,099.3
8,114.5
Addenda:
Disposable personal income:
Billions of chained (2000) dollars2
Per capita:
Current dollars..............................
Chained (2000 dollars).................
Population (midperiod, thousands)3..
Personal consumption expenditures:
Billions of chained (2000) dollars..
Durable goods...............................
Nondurable goods........................
Services........................................
Implicit price deflator, 2000= 100...
Personal incom e, current dollars...
Disposable personal income:
Current dollars...................................
Chained (2000) dollars......................
8,043.4
8,101.8
8,097.1
30,218 30,218 30,281 30,393 30,492 30,125 30,676 30,736
28,065 29,475 29,500 29,773 29,927 31,094 29,989 30,101
27,365 27,397 27,391
27,277 27,320 27,418 27,431
27,257
26,596 27,230 27,165 27,280 27,352 28,421
26,990 27,231
291,085 293,951 294,587 294,846 295,083 295,303 295,517 295,720 295,924 296,144 296,381 296,626 296,884 297,156 297,432 297,707
7,306.6
1,028.5
2,101.8
4,183.9
105.520
7,588.6 7,638.7
1.089.9 1.096.0
2,200.4 2.223.0
4.310.9 4,332.5
108.250 108.593
3.2
5.9
4.3
2.4
6.1
3.4
0.2
0.1
0.0
7.670.2
1,100.1
2,236.7
4.346.2
109.137
1.0
7,686.4 7,739.8 7,740.7 7.774.3 7.779.7 7,804.9
1.106.9 1,138.3 1,106.2 1,122.9 1.137.8 1.156.1
2,232.1 2,240.7 2,265.1 2.276.3 2,255.4 2,273.5
4.360.9 4,379.0 4,381.9 4.390.4 4,403.7 4.396.2
109.412 109.403 109.591 109.869 110.321 110.784
0.7
3.7
-2.6
0.5
0.5
0.6
4.0
4.0
-3.5
-3.6
0.4
0.5
0.3
0.2
0.0
0.2
0.1
-0.3
2.279.8
4,421.5
110.838
7,882.1
1,163.5
2,304.3
4,435.0
110.850
0.4
0.5
7.801.7
1,112.1
0.3
0.2
7,967.4 7,898.8 7.867.8 7.873.2
1,255.8 1,148.4 1.113.9 1.086.2
2,306.1 2.314.7 2,298.0 2.321.3
4,443.6 4.452.7 4,465.6 4.469.3
111.159 111.617 112.651 112.766
0.4
-1.0
-1.1
-1.5
1.7
1.9
1.0
Personal consumption expenditures:
Current dollars...................................
Chained (2000) dollars......................
p Preliminary
r Revised
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
1. Consists of nonmortgage interest paid by households.
0.4
0.3
0.2
0.2
0.1
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures,
3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized
population. The monthly estimate is the average of estimates for the first of the month and the first of the following month;
the annual estimate is the average of the monthly estimates.
Source: U.S. Bureau of Economic Analysis.
December 2005
D-47
Survey of Current Business
The estimates in this table were published in tables 1 and 6 in “Annual Industry Accounts: Revised Estimates for
2002-2004” in the December 2005 S u r v e y .
Table B.2. Current-Dollar and Real Value Added by Industry for 2002-2004
Billions of dollars
Billions of chained (2000) dollars
2002
2003
2004
2002
2003
2004
Gross dom estic p ro d u ct..........................
10,469.6
10,971.2
11,734.3
10,048.8
10,320.6
10,755.7
Private in d u s trie s .................................................
9,131.2
9,556.8
10,251.0
8,817.1
9,060.3
9,481.7
Agriculture, forestry, fishing, and
h u n tin g ...........................................................
Farm s...............................................................
Forestry, fishing, and related activities....
Billions of dollars
2002
Federal Reserve banks, credit
intermediation, and related
activities..........................................
Securities, commodity contracts, and
investments.....................................
Insurance carriers and related
activities..........................................
Funds, trusts, and other financial
vehicles...........................................
417.4
2003
Billions of chained (2000) dollars
2004
2003
2004
381.2
409.9
406.6
170.9
169.8
175.2
192.9
260.4
269.6
224.7
233.7
230.3
19.7
22.2
12.0
14.1
14.9
1,319.2
1,375.2
1,485.5
1,233.9
1,257.2
1,328.0
1,224.0
451.8
148.4
153.3
237.4
19.5
Real estate and rental and leas in g ......
464.7
2002
95.4
114.2
141.6
96.8
104.2
106.0
70.8
24.6
88.0
26.2
112.2
29.4
70.1
26.7
76.0
28.1
75.9
30.5
M in in g ..................................................................
Oil and gas extraction..................................
Mining, except oil and g a s ..........................
Support activities for m ining.......................
106.5
142.3
171.9
107.6
106.0
108.4
62.8
26.8
16.9
93.1
27.4
21.7
115.2
30.6
26.1
82.0
24.2
6.9
77.4
24.3
7.8
76.6
25.1
9.1
1,268.6
1,374.7
1,129.3
1,154.0
207.3
222.6
235.3
187.7
202.3
204.5
Real estate..........................................
Rental and leasing services and
lessors of intangible assets............
1,215.9
U tilitie s ................................................................
103.3
106.6
110.8
104.3
102.7
103.3
C o n stru ctio n .....................................................
482.3
501.0
549.5
428.1
422.4
432.9
Professional and business s e rv ic e s .......
1,189.0
1,235.9
1,351.9
1,131.6
1,168.1
1,243.4
M anu facturing...................................................
Durable goods...............................................
Wood products.........................................
Nonmetallic mineral products...............
Primary m etals..........................................
Fabricated metal products.....................
Machinery...................................................
Computer and electronic products......
Electrical equipment, appliances, and
components...........................................
Motor vehicles, bodies and trailers,
and p arts...............................................
Other transportation equipm ent...........
Furniture and related products.............
Miscellaneous manufacturing...............
Nondurable goods........................................
Food and beverage and tobacco
products................................................
Textile mills and textile product mills....
Apparel and leather and allied
products................................................
Paper products.........................................
Printing and related support activities
Petroleum and coal products................
Chemical products...................................
Plastics and rubber products................
1,352.6
1,369.2
1,420.1
1,384.4
1,410.4
1,478.1
774.8
30.4
45.9
41.9
107.4
96.5
124.2
785.5
33.0
46.2
38.7
109.1
95.1
125.6
824.1
39.2
49.7
50.9
115.4
100.2
132.6
827.7
30.3
45.5
44.1
104.4
93.3
185.8
863.2
31.4
46.6
42.6
107.5
92.3
215.0
917.8
32.4
49.0
46.5
110.7
100.7
260.3
P rofessional, scientific, and technical
s e rv ic e s ....................................................
705.2
727.4
784.3
668.8
684.2
732.7
145.8
155.8
164.1
132.6
136.5
135.6
48.8
48.6
48.2
48.8
49.9
49.3
118.9
69.6
31.1
60.0
577.9
129.9
65.0
30.7
63.7
583.7
120.1
66.9
31.4
69.4
596.1
127.5
64.2
29.2
56.4
555.7
143.2
57.9
28.9
59.6
548.8
139.2
58.0
31.0
66.3
563.8
172.9
21.9
170.6
22.7
167.9
23.3
153.7
21.4
153.3
23.1
155.8
23.2
20.9
50.3
45.7
26.2
174.4
65.5
18.4
46.4
44.5
33.5
181.8
65.6
18.9
48.9
45.9
34.8
186.0
70.3
21.1
50.8
43.5
32.5
170.5
62.9
18.7
48.9
42.5
26.1
172.9
64.0
19.7
53.5
44.4
24.7
173.6
70.8
Arts, entertainm ent, recreation,
accom m odation, and food services. ..
W holesale tra d e ...............................................
615.4
633.0
694.7
639.4
653.6
683.7
A rts, entertainm ent, and recreation. ..
Retail tra d e ........................................................
719.6
751.0
790.4
724.0
749.9
797.7
Transportation and w arehousing..............
Air transportation..........................................
Rail transportation........................................
Water transportation....................................
Truck transportation......................................
Transit and ground passenger
transportation............................................
Pipeline transportation................................
Other transportation and support
activities......................................................
Warehousing and storage..........................
304.6
321.6
332.9
300.2
311.2
323.8
48.3
26.2
7.0
95.7
55.3
27.1
9.1
98.8
53.4
29.0
8.0
104.7
62.8
24.4
5.6
87.5
71.1
24.7
5.8
88.7
79.5
25.7
5.3
91.4
15.7
11.5
16.2
10.5
16.8
10.7
14.6
9.6
14.4
10.1
14.4
10.4 G o ve rn m en t..........................................................
252.5
264.3
277.7
226.1
228.6
231.4
1,338.4
1,414.5
1,483.3
1,232.4
1,248.0
1,260.0
73.4
26.8
76.4
28.3
83.2
27.1
70.6
25.6
72.0
26.9
75.5
26.1
F e d e ra l................................................................
417.3
447.1
475.9
380.0
387.1
393.1
Inform ation.........................................................
Publishing industries (includes software)
Motion picture and sound recording
industries....................................................
Broadcasting and telecommunications...
Information and data processing
services..............................
@FedFRASER